diff --git "a/reddit_finance_43_250k_108.txt" "b/reddit_finance_43_250k_108.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_108.txt" @@ -0,0 +1,10000 @@ +However, I have got used to having no credit now and still have an iPhone 14 Pro, 3090 Gaming PC, iPad pro, 2017 Car, Country house and much more things without credit or contractual agreements. + + +Just to conclude, no one might of suggested this before, but if you are in a nothing to lose situation like I was, why not sign up for an education in a STEM field and walk into an amount of money that will change your life. +* Circle K signed a deal with Green Thumb Industries to distribute weed next year beginning with 10 Florida locations. +* This isn't a first for gas stations to be selling cannabis products as alternative cannabinoids like Delta-8 THC are technically federally legal due to the 2018 Farm Bill, but it is the first time that regular weed would be distributed. +* Even more surprising about this development is that Florida does not allow for recreational use, but rather only with a medical card. + +Seems like a lot of catalysts for the weed industry at the moment. Biden's pardons at first and now this. Any companies worth investing in for the long run, or is the market a bit too shady at the moment with quasi-legality? + +EDIT: Forgot the [source](https://www.bloomberg.com/news/articles/2022-10-19/where-is-weed-sold-circle-k-gas-stations-in-florida-in-2023). It's behind paywall though. +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! + +Update: Thanks everyone so much for your advice! I've listed 2 of our bedrooms for rent today so fingers crossed that house hacking will help us get a down payment. I've learned so much for this thread and I hope others will also. + +Hey everyone! My husband and I are wanting to purchase a rental property next year but we can't borrow to get another mortgage and hard money lenders say we need to have $50k cash. What's your advice? Should we both get part time jobs and save? I feel like there's a better way or a borrowing method we don't know about. FYI we both already have 8-5 M-F jobs and we already own a primary residence. +Saw a similar thread in r/askreddit and wanted to pose the question to the FI community. + +Which piece of popular advice do disagree with? Unpopular perspectives that you agree with? +I mean think about it honestly for a moment. I know "new tough rules" are coming out that are supposed to ban congress and FED members from trading individual stocks but what the fuck? The damage has already been done. + +Gamestop has to be so intertwined in something so massive for them to silence DFV. Otherwise it makes no sense. + +Edit: ah fuck. Whose** +How much is too much?? + +My wife wants to bring her on any overnight anywhere. But part of me feels life some upper class asshole bringing a nanny everywhere we go. + +Have you found a balance that doesn’t make you feel like a absentee parent? +My husband and I have about $230k saved. Our mortgage is about $3750/mo. We have one car paid off and have just purchased a new truck - about $50k in a loan on that. We have two kids and our monthly care expenses are about $2900/mo. We both work - I'm on salary and pull in about $7650/mo after taxes. My husband owns his own company and gets paid $1180/wkly + random amounts throughout the month - sometimes he pulls in $50k/mo other months he has nothing but the weekly payment. My company offers a 401k with NO matching. Our other bills (CC's, life, insurance, cell, internet, utilities, etc) total around $7k/month. We are both pretty lame when it comes to investing and we have not setup anything for our 4 yr old or almost 1 yr old in terms of a college fund. What should we do to have our $$ grow? Stock market? Real estate? Funds? Any advice is appreciated. +Last Edit: he did it: https://www.reddit.com/r/wallstreetbets/comments/msblc3/gme_yolo_update_apr_16_2021_final_update/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +More edit: I regret not putting a “May have” in the title. DFV May have went all in. +Edit: I should probably say this is speculation not a given. + + +Tweet time line: + +First tweet is a pic of Matt Damon in Rounders. A movie about high stakes poker. The last game they play is NO LIMITS Texas HOLD'em. Also a quote, " I sat with the best in the world, and I won". Also what do you do if you think you are going to win a hand in poker? You go ALL IN. + +[Rounders](https://preview.redd.it/vpdrta3audt61.jpg?width=617&format=pjpg&auto=webp&s=b59abccff6f154328a2e322539a9f819619760d0) + +Next tweet is about the VOLUME being turned up to 11. This is 30 min before the spike of the GME at 2PM. I believe its from a movie called Spinal Tap. A comeback story of a British Rock Band. + +[VOLUME as in STOCK VOLUME](https://preview.redd.it/k7dm218kudt61.jpg?width=622&format=pjpg&auto=webp&s=12b0f299c5649ab2797171ec43feb09ee01e9bf4) + +Up next is a tweet about being a Wildcard. I think he has more money then we think he does and was about to go all in. Soon after this tweet, we see the volume of the stock go up! + +&#x200B; + +[Wild Card](https://preview.redd.it/ffsces7uudt61.jpg?width=629&format=pjpg&auto=webp&s=0d71d24429c4b94416109313e7c97fb98a3e5f9f) + +&#x200B; + +https://preview.redd.it/82gzb3bqwdt61.jpg?width=349&format=pjpg&auto=webp&s=33dab82d5dd668b12af0c7f86a98595778232cba + +The next tweet is a clip from Happy Gilmore. On the green on a par 4. Super LUCKY. u/DeepFuckingValue is feeling LUCKY. (this is probably my weakest translation. Maybe somebody can help me out a little). EDIT: [u/successful\_Racoon33](https://www.reddit.com/u/successful_Racoon33/) pointed out HAPPY GILMORE = GOING REALLY LONG!!! Edit 2: u/laurajr0 points out Happy Gill More. Also, u/soft-J points out Happy Gilmore is and amateur who went up against professionals. + +&#x200B; + +[Happy Gilmore](https://preview.redd.it/487pqwe6vdt61.jpg?width=630&format=pjpg&auto=webp&s=baff44df482eac80949fa32555ce0a37502af4fd) + +Next tweet is from a scene in a movie. The letters highlighted is A A T G T A C. The scene is from GATTACA. If you jumble the letters around that was highlighted you get GATTACA. Wanna know what this movie is about? SPACE TRAVEL. The scene GIF finishes by saying "I NEVER SAVED ANYTHING FOR THE SWIM BACK". HE JUST TOLD US HE DIDN'T SAVE ANYTHING. HE WENT ALL IN AND GOING TO SPACE. + +&#x200B; + +[\\"I NEVER SAVED ANYTHING FOR THE SWIM BACK\\"](https://preview.redd.it/by8uv72svdt61.jpg?width=644&format=pjpg&auto=webp&s=f67412a7c3102cd07738b4ffbb432ab87f539abd) + +u/DeepFuckingValue you are our inspiration. THANK YOU FOR NOT GIVING UP BACK THEN SO WE CAN SEE WHAT YOU ARE SEEING. RETAIL WOULD HAVE NEVER BEEN ABLE TO DO IT WITHOUT YOU SO THANK YOU. + +&#x200B; + +TLDR: DFV just YOLOED all his money. Maybe. (That’s an edit just like the top) + +Another edit: to whomever gave me the platinum, Thank you. Now I no longer have to see Montly Fool advertisements every five posts for the foreseeable future. +My wife had a 401k that she was making contributions to through her employer. If she gets a new job that offers 401K contributions, is she able to have those go into her existing 401k? Or, will she need to get management of it transferred to whichever financial company works with her new employer? + +Does it actually not matter? or are there steps I should be taking right now to ensure financially smart moves? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I have 15 ( mostly aristocrats) that I’m now focused on building to fund a portion of fixed living expenses. + +Currently, top 5 holdings are VZ, INTC, O, MMM, KMB. + +I love the business model of O and the fact they pay monthly. I have a diversified mix of dividend paying stocks and now I’m thinking of just buying O if the price and yield stay attractive. + +Any downsides of a portfolio very heavy on O? +All of this is allegedly and is not Financial advice. + +EDIT: Apparently Vanguard only does PFOF for options and a lot of vanguard apes are not happy I included them in the title BUT they ARE fucking with apes regarding DRS long delays so the point of this post still stands. Force their hand, cancel your drs with them, transfer to Fidelity and then DRS. + +&#x200B; + +TL:DR The meat and potatoes of it all. If you use a PFOF Broker (*Robinhood, E-Trade, TD Ameritrade, Ally, Webull, Tradestation, Vanguard and Schwab) transferring first to a DRS friendly broker like Fidelity before you DRS has a great number of advantages both for the individual ape and mankind as a whole.* + +&#x200B; + +* *Many if not all PFOF brokers do not buy some or all of your shares for you when you buy them. The cost basis apes get after transferring from them have shown they scramble for shares when they get transfer requests time and time again.* +* *They take your money and use it to generate more money for themselves and hope to make profit on your shares in the meantime and then help to manipulate the price down so you eventually sell them at a lower price. As well as receiving PFOF from their overlords like Shitadel who front run and again manipulate the price down desperately.* +* *When you apply to DRS through your PFOF broker they will often quote you an unreasonably long time for it to be complete.* +* *There are countless stories from apes about being fucked around by these PFOF brokers when requesting DRS.* +* *They do this for any and all of these reasons; so they can scramble in the background and get real shares for you (sometimes taken from other apes accounts that have yet to transfer), commit yet more fuckery, cancel your transfer and hope you forget about it, buy time to stall and appease their PFOF clients, decide to charge you a fee to help cover themselves, try to figure out how they’re going to keep passing Margin Calls if they keep getting DRS requests etc.* + +&#x200B; + +==================================================================================== + +&#x200B; + +* *Why have the lending rates been so stupidly low for GME for so long? to encourage others to borrow and short GME.* +* *In fact some PFOF Brokers are even PAYING PEOPLE TO BORROW THE STOCK* +* *Why? so that they can keep up the can kicking by providing ‘liquidity’ AND put downward pressure on the stock helping their margin and leverage risk levels.* +* *What happened in January with the buy button being turned off was that with the massive amount of buy volume for GME and barely any real shares would have been available, most would FTD and the stock would rocket, market crash etc.* +* *So a lot of the shares that were sold in the January run up and since then have essentially been selling you a stock that they had no intention of delivering on.* +* *Once they’d done it a bit it only made sense for them to keep doing it again and again day after day, diluting the stock hoping the apes would stop holding and buying and price would eventually go down and save their margins.* +* *Instead they’ve just put more fuel in the rocket, a LOT more fuel* + +&#x200B; + +==================================================================================== + +&#x200B; + +* *How does Fidelity tie in to this? Fidelity had positioned themselves since selling 9m+ GME shares before the Jan run up to be in an amazing position to swallow up their rivals client bases. Compared to their competitors their margin levels and cash balance was probably VERY nice come the sneeze.* +* *We first saw them take advantage of this after January when a lot of apes transferred to Fidelity from Robinhood.* +* *It seems that instead of being easy on their rivals (why would they) and letting them do a slow NON-ACAT transfer of shares allowing delivery in 4-6 weeks Fidelity exercised their right and used their* ***FAT*** *cash balance to do a forced buy-in of every share transferred and then send the bill to Robinhood.* +* *Fidelity doing Buy-Ins and other firms scrambling to keep the Bare minimum margin requirements potentially caused the February Run up.* +* *These big fat bills coupled with robinhood being still very over leveraged by the high price of GME meant that Robin Hood had to rush a $5B issuance of convertible notes and warrants with low rates and conditions as revealed in the IPO.* ***DICEY DICEY*** +* *Now DRS is another opportunity to have Fidelity* ***fuck*** *with the PFOF brokers some more and bring them closer and closer to liquidation.* +* *A transfer from broker to broker must be completed in 3 days, putting more pressure on the PFOF broker’s margin and leverage. They can’t stall like they are with DRS requests.* +* *If Fidelity doesn't receive shares in due time they can then force a buy in from the PFOF broker once the transfer goes through and they need your shares to DRS* +* *This slams the PFOF broker as they either have to give Fidelity some of their limited supply of real shares or are forced to buy them putting pressure on their balance and risk levels AND they lost a customer.* +* *From there Fidelity have the fastest DRS times and they have gained a happy customer and damaged a competitor.* +* *If this information stops being suppressed and enough apes learn why to do this* ***then 741 comes along quicker*** +* ***741 - US Code that pertains to Broker-Dealer Liquidation and Bankruptcy.*** *These brokers will crumble and be liquidated and* ***the first BIG dominoes towards MOASS will fall.*** +* *GET out of these AT RISK SCUMMY PFOF BROKERS and make your shares REAL and under your name.* ***Speed the process to DRS up and send a big FUCK YOU to your PFOF brokers by transferring to Fidelity first and then DRS.*** +* *ITS A WIN FUCKING WIN* +* *KARMA is a BITCH* +* **DRS IS THE WAY** +* **EVERY SHARE MATTERS** + +&#x200B; + +*====================================================================================* + +&#x200B; + +The aim of this post is to try and boost the signal of this information so it gets seen and understood by as many apes as possible. I tried to distill it into as readable and short a format as possible that would still drill the point home. I still see far too many apes with these brokers complaining about long wait times and being fucked around. **Transfer and force their hand! This info needs to spread!** + +I can’t take much credit, as all DDs are this was built by standing on the shoulders of other glorious apes that stood before me and wrote quality DD. + +This DD in particular could not have been done without the post last week by u/[Full\_Option\_8067](https://www.reddit.com/user/Full_Option_8067/) whose DD **‘The Untold Story Leverage Ratios’** that goes in depth into all of this should honestly have reached the front page of reddit. I would link it but I'm scared of automod. Please click his name and read his post. After spending hours a day everyday on reddit since January I think his DD is up there with the best. As it happens it only got around 2k upvotes. Since I’ve known this and observed this info not being common knowledge for apes like it SHOULD be I decided to make this post and spread it. There are strong reasons to suspect that his post was suppressed and others have also experienced the same shill attacks when talking about this so please help this info spread among apes! + +I’ll leave you with something I typed in my notes during a period in which I got very angry researching and writing this, me screaming into the void is now me screaming on reddit :) + +FUCK YOU, PFOF BANKSTER SCUM. You’ve smiled at your customers' faces and then stabbed them in the back repeatedly for years! Making billions and trillions from the hardworking Public by selling them IOUs in place of shares and selling their trade data to trash like Shitadel and hiding behind “we offer free trading”! Now we’ve turned around and we see the knife thrusts coming and we are throwing counters! Eat these transfers, eat this DRS you scum! + +**HOLD** + +**TRANSFER** + +**DRS** + +**EVERY SHARE MATTERS** + +PS I think for euro and international apes having trouble with their brokers to DRS the closest equivalent to Fidelity is to transfer to IBKR then DRS + +&#x200B; + +FIN + +&#x200B; + +All opinions expressed by the me are solely my opinion and do not reflect the opinions of anyone else. + +You should not treat any opinion expressed on this message as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of an opinion. Such opinions are based upon information I consider reliable, but I do not warrant its completeness or accuracy, and it should not be relied upon as such. + +I am not under any obligation to update or correct any information available on this website. I am an active shareholder of Gamestop stock. + +Also, the opinions expressed by me may be short term in nature and are subject to change without notice. + +I do not guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed from my reddit account. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned on this website may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. + +You must make an independent decision regarding investments or strategies mentioned on this website. Before acting on information on this website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser. + +None of this is insider trading and is all publicly available information. +>**The company will no longer sell either product and is offering owners full refunds** +> +>Peloton recalled its Peloton Tread+ and Peloton Tread treadmills today, according to an [announcement from the Consumer Product Safety Commission](https://www.cpsc.gov/Newsroom/News-Releases/2021/CPSC-and-Peloton-Announce-Recall-of-Tread-Plus-Treadmills-After-One-Child-Death-and-70-Incidents-Recall-of-Tread-Treadmills-Due-to-Risk-of-Injury), the government agency that oversees most household products, citing safety hazards. +> +>The Peloton Tread+ has been linked to dozens of injuries to children, including one death. The recall notice states that “Peloton has received 72 reports of adult users, children, pets and/or objects being pulled under the rear of the treadmill, including 29 reports of injuries to children such as second- and third-degree abrasions, broken bones, and lacerations.” +> +>**The company also notified the CPSC that its newer Peloton Tread’s touch screen can detach and fall, posing a risk of injury to consumers.** +> +>**Consumers should immediately stop using the treadmills and** [**contact Peloton for a full refund**](https://www.onepeloton.com/)**.** +> +>**The Peloton Tread+ (previously named the Peloton Tread) has been on the market since 2018. A smaller treadmill, also named the Peloton Tread, was slated to go on sale May 27, with 1,000 units already sold in the U.S. as part of a friends-and-family presale.**  +> +>The recall comes after the [CPSC, in April, took the unusual step of warning consumers](https://www.consumerreports.org/product-safety/peloton-plus-tread-treadmill-urgent-safety-warning-cpsc/) with small children or pets at home to immediately stop using the Peloton Tread+. The company initially refused to recall its popular $4,300 exercise machine, according to a CPSC spokesperson, stating that the product was safe as long as users followed operating instructions. +> +>**The warning was based on reports of 39 incidents in which a person, a pet, or an object, such as an exercise ball, was sucked under the machine, leading to injuries in both children and adults, many of them serious. “These are more severe injuries than you would imagine with a treadmill,” the CPSC spokesperson told Consumer Reports at the time, adding that the agency had not seen these types of injuries with other treadmills.** +> +>In light of the CPSC’s warning and the severity of the injuries, [CR removed the Peloton Tread+ from its ratings](https://www.consumerreports.org/product-safety/safety-concerns-prompt-consumer-reports-to-remove-peloton-tread-plus-from-ratings/) and stopped recommending the product while the investigation was ongoing.  +> +>The treadmill’s safety risks first became apparent in March after [Peloton CEO John Foley wrote to](https://support.onepeloton.com/hc/en-us/articles/360058677091-A-Note-from-Peloton-CEO-John-Foley-about-Tread-) users of the exercise machines regarding an incident with the Peloton Tread+ that led to the death of a child. Foley advised consumers to “keep children and pets away from Peloton exercise equipment at all times” and to “remove the safety key and store it out of reach of children” when the treadmill was not in use. +> +>The widely publicized fatality prompted the CPSC to request information from Peloton, and the company disclosed to the agency that there were additional injuries and incidents tied to the Peloton Tread+. +> +>**As the CPSC investigated the reports, including disturbing** [**home video footage of a child being sucked underneath the Peloton Tread+**](https://www.youtube.com/watch?v=onXNnlCYJ4Y) **(and escaping without serious injury), the agency asked Peloton to recall its treadmills. But Peloton refused.** +> +>Shortly before the CPSC’s public warning, Rep. Jan Schakowsky, D-Ill., asked for details about the CPSC’s investigation and Sen. Richard Blumenthal, D-Conn., urged Peloton to issue a recall. +> +>The standoff with Peloton illustrates that the CPSC cannot force companies to issue a recall without taking them to court, even when the agency’s safety experts have tied a hazardous product to deaths or serious injuries. +> +>“The CPSC took a strong and principled stance for safety, and clearly that’s what made Peloton come to the table and agree to offer a full refund,” says William Wallace, CR’s manager of safety policy. “It shouldn’t have required so much time and effort to get this product recalled. This episode underscores why we need to overhaul our outdated laws, so the CPSC has the ability to take quicker, forceful action when a product is putting people at risk.” +> +>Acting CPSC chairman Bob Adler said in a statement today that he is pleased that the agency and Peloton have ultimately agreed on recall terms. He added that the recall “is the result of weeks of intense negotiation and effort, culminating in a cooperative agreement that I believe serves the best interests of Peloton and of consumers.” +> +>**Peloton CEO Foley apologized for the company’s initial response to the safety issues, and stated that “the decision to recall both products was the right thing to do for Peloton’s Members and their families. I want to be clear, Peloton made a mistake in our initial response to the Consumer Product Safety Commission’s request that we recall the Tread+. We should have engaged more productively with them from the outset. For that, I apologize.”** + +[Source](https://www.consumerreports.org/home-product-recalls/peloton-tread-tread-plus-treadmills-recalled-serious-safety-hazards/) + +[PTON stock price](https://finance.yahoo.com/quote/PTON?p=PTON&.tsrc=fin-srch) +I know this might seem really basic, but I thought I’d share my experience anyways. I’m a 22 y/o male and I just got my first dividend payment of $15.72! + +Even though $15 is like a mcdonalds meal, it feels like I didn’t do shit to earn it, so it feels really good. + +How much do you get from dividends per month or per year? Feel free to share if you’d like :D + +Edit: I didn’t know this was going to blow up like it did. Thanks to everyone for all your support/advice/praises/love!! +#Edit: I just want to thank everyone for the support you guys have been giving me in the comments! I truly appreciate it and I am greatful that this community is a really nice and caring one. I wouldn't want to go to the moon any other way, this sub is really something else. :) + +Hello fellow apes! Its been difficult finding something to properly write up about lately, but I think I've got some right now all things considered. + +By now, you may have seen posts like this floating around on reddit: + +https://www.reddit.com/r/Superstonk/comments/o0ctw1/eu_freezes_10_banks_out_of_bond_sales_over/?utm_medium=android_app&utm_source=share + +Here is a quote that I think helps effectively summarize an alternative article the OP of the post provided regarding this topic: + +"A spokesperson for the European Commission, which handles debt issuance on behalf of the European Union, said that banks found to have violated EU competition rules “will not be invited to bid for individual syndicated transactions. " + +#Wut mean? + +Basically, the articles were saying that the EU had to literally FORCEFULLY stop banks from participating in their bonds sales because of how ridiculous their borrowing has gotten, along with their history of market manipulation in the past. The fact that a lot of these banks are common names here in the US: JP Morgan Chase, Bank of America, Citigroup, etc. speaks volumes to how bad the fuckery has really gotten. + +I want to just elaborate a bit: these banks are trying to not just borrow bonds from the US, but ALSO from the EU just to try to fix their balance sheet and make their debt look a little bit more reasonable. The EU saw ahead of the disaster and took IMMEDIATE action to stop it, as they didn't want the fire to spread to them and screw them as well. + + Its quite clear at this point that they have fucked the system, but what have they been DOING exactly to fuck the system, and fuck EVERYONE except themselves just to keep themselves afloat? + +I refrence another article in the following paragraph, from this source: + +https://ec.europa.eu/commission/presscorner/detail/en/ip_21_2004 + +Here is exactly what they have been doing, according to a European article speaking on the European commission fining banks like these for violating EU anti-trust laws (keep in mind, this was from April of 2021 and are regarding different bonds but multiple big name banks are probably still doing this overall): + +1. Logged onto multilateral/ bi-lateral chat rooms on Bloomberg terminals and knew each other suspiciously well despite being in "direct competition". +2. Because of how well they knew each other, they updated each other frequently on their trading activities. +4. They had at times agreed to hold back on bidding and offering in the market if it meant they would come into competition with each other. +5. They had split trades between each other to either combine or reduce their positions to meet a specific customer's request (the article doesn't specify on what customer in particular) without the customer themselves knowing they were dealing with more than one entity and thus in theory the customer's choices were limited. + +#Conclusion/TLDR: + +Basically, Bank of America, Merrill Lynch, Crédit Agricole, and Credit Suisse all aligned their trading activities in such a way that they acted as a SINGLE entity to manipulate the bonds market in April 2021 and got caught for it and fined. But remember, these were just the banks that GOT CAUGHT doing this. With the EU recently barring more big banks like JP Morgan & Chase and Citigroup from participating in their bonds sales it looks like they are suspicious of them as well in corroborating in market collusion to a similar degree. + +How many more banks are in on this collusion, acting as one big entity to further their own agenda in the market and fuck everyone else over, that has been happening for MULTIPLE years now? Is their debt so big now that they are preying on EU bonds and the EU realizes what could happen if these big name banks colluded in bonds sales together and spread their debt amongst themselves so they don't all go down together? I feel like when the whole truth comes out and more gets revealed regarding this it will possibly be the absolute WORST case of financial corruption in this "free market" in history. + + +#Post DD Message + +And as always guys, thanks for reading my posts! :) I know I haven't posted as much lately regarding DD and in all honesty the reasoning for that was because a lot of my DD would get debunked, and I felt discouraged to continue making more without stronger sources to back up my claims. I tried to make my DD a little stronger today, and I hope you guys have enjoyed reading it! Hopefully I can continue to improve more with DD in the future and make something really good in quality. + + +Sources: + +https://ec.europa.eu/commission/presscorner/detail/en/ip_21_2004 + +https://quebecnewstribune.com/news/business/eu-freezes-bond-sales-of-10-banks-for-violating-antitrust-laws-18190/ +For arguments sake, let’s say the 2020 Bentley Continental GT V8 stays exactly the same and retains 100% value, what salary would I need to buy this £167,000 car. Currently, if all goes to plan, I’ll be earning £172,000 before tax. Would this be enough? Also, for this salary what kind of house price would I be looking at? +As mentioned previously, I'll be picking a random ASX stock that I've (personally, yes I'm aware it may have been posted here at some point in history) never seen discussed on this sub - and that I do NOT hold - for us to discuss per week. + +This is for us all to have a look at what it does, some of their financials, and in the end discuss whether or not we'd buy into it. Not all of these stocks will be sexy or appealing to us; the whole point is to just see what people are doing out there on the ASX that we never talk about, for good or bad. + +Think of it as a sort of "group DD" in which we pool our 5 collective braincells together and evaluate the chosen company. + +The main purpose being to add some more variety in tickers to all the standard meme stocks we see pumped day in and day out, and hopefully discover some hidden gems - or at least, less stinky forms of dogshit. + +The only other criteria is that the share price has to be under $2. + +So, without further smug explanations: + +\_\_\_\_\_\_\_\_\_\_\_ + + +# Random ASX Stonk of the Week - Week 8: + +**Company name:** National Tyre & Wheel Limited + +**Ticker:** NTD + +**Industry:** Automotive + +**Headquarters:** Moorooka, QLD + +**Market cap:** $110m + +**Current share price:** $0.96 + +**P/E ratio:** 9 + +**1-year Performance:** \+255% + + +**What they do, smoothbrain version:** put wheels on shit that needs wheels, and put more rubber on those wheels when that rubber turns to shit + +**What they say they do, wanky version:** "NTAW supplies the latest generation of tyres & wheels to consumers through our retail partners together with service excellence underpinned by passionate and experienced employees." 🍆👋 + +**What they do, actual version:** National Tyre & Wheel are a parent company which, as of 2020, are the largest tyre and wheel wholesaler across Australia and New Zealand, with a fairly strong presence in South Africa as well. + +They have 30 distribution centres located throughout these three countries, including 23 across Australia, 4 in New Zealand, and 3 in South Africa. They employ over 650 employees across their 'group', and sell to a diverse customer base across multiple industries. + +NTD provide an extensive range of tyre and wheel products which cover almost every kind of ground-based vehicle you can think of, both for personal and commercial, on-road and off-road use. Think not only cars and trucks, but tractors, forklifts, various other earth-moving vehicles, etc etc. + +They were founded in 1989, and were first listed on the ASX at the end of 2017. + + +**What looks good:** + +&#x200B; + +* With the international travel industry still looking to be a couple of years away from fully recovering, these guys are positioned to benefit from all of the extra ground-based transportation domestically. Off-roading/SUVs, freight and other commercial vehicles, caravans especially... you get the idea. Tyres are boring but essential, and something that the EV revolution isn't going to make redundant. + +* A share price increase of over 250+% in a year is borderline rocket territory for a fairly unexciting, boring company regardless of how you want to slice things. This is even while still retaining... + +* ... its current P/E ratio of 9, which is incredibly low and reflects "good value" in terms of fundamentals. + +* Strong balance sheet, with a chunk of cash on hand (around $25 million). + +* Continual, steadily growing pattern of earnings over the past 5 years or so; profitable, and has used those profits to acquire some other brands that have lead to more revenue growth. They have a ton of sub-brands they've continually acquired over the past 10 years (that some 4WD enthusiasts in particular on here may be familiar with). Seems stable and smart. + +* They have a fair chunk of debt, but this is mostly "healthy debt" which was used to acquire the brand Tyres4U which provided a significant boost to their overall revenue and positions them well going forward. They also sacrificed paying an end of year dividend in order to help fund this purchase - a good sign that a fairly 'conservative' business is still looking to invest in growth. + +* Their recent Tyres4U acquisition raised their total number of customers from 2,000 to 4,000 - nice. This includes a significant portion of the SUV segment, which is the fastest-growing class of vehicle in Australia. + +* Sales revenue grew from around $80 million in the first half of 2020, to $212 million in the first half of 2021. + +* They are seeing strong purchase growth in the agricultural sector (tractors, farm equipment, etc.), with record sales achieved the past quarter for this category. + +* They do pay a dividend for some extra pocket change for you, but they aren't afraid to not pay dividends to use for growth when the time calls for it. + +&#x200B; + +* They're from Moorooka, which I had to Google Maps to find, and can only assume makes them responsible for the majority of Moorooka's economy. + + +**What doesn't look good:** + + +* NTD listed on the ASX in December of 2017 at a share price of $1.26; it shit the bed soon after, and has since never hit that high point again. It had some truly shitty years in terms of SP performance, plummeting as low as $0.36 even way before the COVID plunge (in May 2019), and sank to its record low of $0.25 during peak Covid panic of March 2020. + +* Given this low-ass baseline, its huge SP growth over the past year is warped by being almost 1-year since Covid hit, and should be taken with more salt than your average Hotcopper subforum. + +* The South African part of the business looks like dead weight, with the economy there suffering, Covid restrictions in place, and it being a negative source of revenue for the company. + +* Some of their sub-brands received JobKeeper payments, however as their profits quickly recovered this was soon cut off. + +* Their jump in overall revenue figures are mostly a direct result of acquisition, something that may not be sustainable in the future considering the level of debt required to make them. + +* Will their recent boom (and the boom in the domestic market) hold up for the next couple of years once international borders open up? + +* Rocket potential 🚀is, again, likely fairly low in terms of the chance of further multi-baggers given the increase from the March 2020 Covid dip is not likely to be replicated any time soon. + +* Fairly low trading volume means it can lack liquidity. + +* They are subject to fluctuations in the strength of the Aussie dollar to help make the costs of importing cheaper; while it's been strong lately there's no guarantee this will hold up long term. + + +**Overall rating (strong buy/buy/hold/avoid):** This looks like a solid, no-nonsense company that could easily just sit on its laurels and stagnate, however management is making moves to keep putting cash behind continued growth, just in a sensible way. + +Being able to make acquisitions that make such a big impact to a company's bottom line while still only being in a manageable amount of debt is pretty cool, and the fact that they're in a product range that is borderline essential and isn't going to become redundant any time in the foreseeable future makes them a fairly safe bet. + +It will be interesting to see if share price sentiment eventually starts to reflect their positive performance more. This looks like the type of company that sees consistent, incremental 'bumps' in SP upon releasing their reports rather than suffering from 'buy the rumour, sell the news' like we see happen with a ton of other future-looking companies. + +With the domestic caravan & 4WD boom looking to continue for a while, I'd personally rate NTD a **buy/hold** for the next couple of years for a decent mix of % growth and a few dividendies (dividend + tendies, see what the fuck I did there?. + + +**MarketIndex page:** [https://www.marketindex.com.au/asx/ntd](https://www.marketindex.com.au/asx/ntd) + +**Website:** [https://www.ntaw.com.au/](https://www.ntaw.com.au/) + + +Feel free to add more DD/comments below. + +**Would you buy this stonk? Why or why not? Feel free to vote in the poll.** + +And if you're feeling generous/like the content (not the stock), feel free to toss us a pity upvote. + +Link to previous Stonks of the Week: + +* [https://www.reddit.com/r/ASX\_Bets/comments/msgk0t/random\_stonk\_of\_the\_week\_ashley\_services\_group\_ash/](https://www.reddit.com/r/ASX_Bets/comments/msgk0t/random_stonk_of_the_week_ashley_services_group_ash/) +* [https://www.reddit.com/r/ASX\_Bets/comments/mjkoqf/random\_stonk\_of\_the\_week\_quantum\_health\_group\_qtm/](https://www.reddit.com/r/ASX_Bets/comments/mjkoqf/random_stonk_of_the_week_quantum_health_group_qtm/) +* [https://www.reddit.com/r/ASX\_Bets/comments/mec9nc/random\_stonk\_of\_the\_week\_reckon\_rkn/](https://www.reddit.com/r/ASX_Bets/comments/mec9nc/random_stonk_of_the_week_reckon_rkn/) +* [https://www.reddit.com/r/ASX\_Bets/comments/m91bon/random\_stonk\_of\_the\_week\_xrf\_scientific\_xrf/](https://www.reddit.com/r/ASX_Bets/comments/m91bon/random_stonk_of_the_week_xrf_scientific_xrf/) +* [https://www.reddit.com/r/ASX\_Bets/comments/m3tllz/random\_stonk\_of\_the\_week\_gale\_pacific\_gap/](https://www.reddit.com/r/ASX_Bets/comments/m3tllz/random_stonk_of_the_week_gale_pacific_gap/) +* [ttps://www.reddit.com/r/ASX\_Bets/comments/lyojgx/random\_stonk\_of\_the\_week\_mcgrath\_mea/](https://www.reddit.com/r/ASX_Bets/comments/lyojgx/random_stonk_of_the_week_mcgrath_mea/) +[https://www.reddit.com/r/ASX\_Bets/comments/ltbpmi/random\_stonk\_of\_the\_week\_empired\_epd/](https://www.reddit.com/r/ASX_Bets/comments/ltbpmi/random_stonk_of_the_week_empired_epd/) + +[View Poll](https://www.reddit.com/poll/mxfvmi) +Anyone here do a fat version of coastFIRE? Not talking about being a barista or english teacher. More thinking about leveraging your existing skills to find a flexible, part time, reasonably high paying job. Or maybe running a lifestyle business. + +&#x200B; + +I'm curious what options are out there. Consulting, leadership coaching, and BOD all seem like options, but probably require you to be pretty far along in your career or have a super niche skill. + +&#x200B; + +I'm middle eng management at a pre-IPO unicorn. I have specialized product knowledge in a somewhat niche area, but on the technical side, it's mostly just your typical full stack SaaS development. Trying to figure out what part time job opportunities may be available post-exit. +I have finally scored a decent job. $80k a year with benefits and room to grow. Between myself and my partner we can save $600-$800 a week while paying $400 in rent. We are planning to have a house deposit down by this time next year. Unfortunately all I'm hearing at the moment is that it's too late and houses will be out of reach because rent is likely to be around the $600 mark by then. Plus houses will be much more expensive and the general rising cost of living seems to just bring down how much we can save each week. Living in central Qld, is it too late? Or should we try selling one of the kids to get a house? +**Hello all!** + +u/moeldevs posted compelling evidence to show hedge funds are paying people to post on reddit – [link](https://www.reddit.com/r/Superstonk/comments/pvbcdo/proof_hedge_funds_are_paying_shills_to_post_on/). So, naturally I went digging and found some interesting stuff. Buckle up! + +# **The Shill Post** + +- As u/moeldeys pointed out, this shill job posting is from a guy named *Doug Yauger* +- Doug Yauger is an Investment Advisor Representative with LPL Financial and a Registered Investment Advisor at [Sovereign Wealth Advisors website](https://sovereignwealthadvisors.com/our-team/doug-yauger/). +- In Sovereign Wealth Advisors’s [CRS Form](https://reports.adviserinfo.sec.gov/crs/crs_188524.pdf), they state their “advisors are registered representatives of LPL Financial LLC (“LPL”), an SEC registered broker-dealer and investment adviser... who offer brokerage services through LPL or investment advisory services through Sovereign Wealth Advisors, LLC.” +- So, LPL Financial LLC and Sovereign Wealth Advisors are one and the same. + +# **Who is LPL Financial LLC and what do they do?** + +- LPL Financial Holdings, Inc. [referred to as LPL Financial](https://en.wikipedia.org/wiki/LPL_Financial) is considered the largest independent broker-dealer in the United States. As of 2021 the company had more than 17,500 financial advisors, over US$1 trillion in advisory &amp;amp;amp; brokerage assets, and generated approximately $5.9 billion in annual revenue for the 2020 fiscal year. +- Hidden in their [financial disclosure section of their website](https://www.lpl.com/disclosures.html) lays their [SEC Disclosures](https://www.lpl.com/disclosures/sec-disclosures.html) +- This is where the good stuff is. +- In these documents, LPL Financial discloses their order flows, including their **Non-Directed Order Flow**! +- What is a **Non-Directed Order Flow** you ask? +- [Financial Dictionary](https://financial-dictionary.thefreedictionary.com/Non-Directed+Order) defines it as “An order to a broker to **buy or sell a security on the exchange of the broker’s choice**. A client has the ability to tell the broker his/her preferred exchange for the execution of orders, which is called [Directed Order]( https://www.investopedia.com/terms/d/directedorder.asp). **A non-directed order, however, leaves this to the broker's discretion, with the assumption that the broker will offer or bid the exchange at the best price.”** +- So, who are LPL Financial’s brokers/venues? You guessed it, the dirty SHF – [link](https://www.lpl.com/content/dam/lpl-www/documents/disclosures/rule-606-a-1-iv-disclosure.pdf) + - **Options Order flow:** Citadel Execution Services and Susquehanna Investment Group LLP + - **National Market System (NMS) Stock order flow:** Citadel Execution Services, FIS Global Vision Securities, GTS Securities LLC, G1 Execution Services LLC, Two Sigma Securities LLC, Virtu Americas LLC, UBS Securities LLC, FC Stone, Jane Street, Morgan Stanley, Mark J. Muller Equities. +- So, where do you think these non-directed orders are going…cough…robbin da hood…cough dark pool… +- Thanks to DRS, we’re putting an end to this! +- But back to LPL’s dirty laundry...their data! + +# **LPL Financial LLC Order Flow Data** + +- LPL Financial’s Order flow data for [1st Qtr, 2021](https://www.lpl.com/content/dam/lpl-www/documents/disclosures/lpl-financial-holdings-inc-q1-2021-606a1-held-compliance-report.pdf) and [2nd Qtr, 2021](https://www.lpl.com/content/dam/lpl-www/documents/disclosures/lpl-financial-holdings-inc-q2-2021-606a1-held-compliance-report.pdf) of 2021. +- I’ve taken the liberty to convert this to an [excel file](http://www.filedropper.com/lpl_1) for your convenience (because ape help ape), but also taken a [screenshot](https://imgur.com/a/naR1AgZ) for you smooth brains out there. +- Helpful order flow definitions: + - Direct and Non-directed order flow – see above + - **Market order:** An order that will immediately be executed at the best available price. When you place a market order, you’re looking to get your order filled immediately + - **[Marketable Limit Orders:](https://ibkr.info/node/194)** Marketable orders are either market, buy, or sell limit orders whose limit price is at, above, or below the current market price, respectively. **Marketable orders remove liquidity from the market.** In theory, these orders are instantly executable as there is a buyer/seller who’s willing to make a trade at the current trading price. + - **Non-marketable orders:** Non-marketable orders are buy and sell limit orders in which the limit price is below and above the current market price, respectively. **Non-marketable orders add liquidity to the market.** +- Citadel, Virtu, UBS and G1 Execution dominate the majority of LPL’s order flow for all the S&amp;amp;P 500, Non-S&amp;amp;P 500 and Option trades. +- LPL’s **S&amp;amp;P 500 Non-directed order flow data** + - Citadel was the #1 venue for every month except for June (#2 broker) + - Citadel averaged **33%** for all their non-directed S&amp;amp;P 500 trades! +- LPL’s **Non-S&amp;amp;P 500 trade order flow data** + - G1 Execution and Citadel were #1 and #2 for every month of this year + - Citadel averaged **44%** of all their non-directed Non-S&amp;amp;P 500 trades! +- LPL’s **Option trade order flow data** + - Citadel and Susquehanna are the only two brokers trading LPL’s options + - Citadel averaged **83%** of all their non-directed Options trades! + +# LPL’s order flow through Citadel visualized for all order types + +- [S&amp;amp;P 500 order flow](https://imgur.com/a/Fpvd3tI) +- [Non S&amp;amp;P 500 order flow](https://imgur.com/a/Gi5Wt8E) +- [Options order flow](https://imgur.com/a/ramkFGx) +- What I find most fascinating is the gap between MARKETABLE and NON-MARKETABLE limit orders during January! +- For January and February, 75% and 65% of LPL’s Non-S&amp;amp;P 500 marketable limit orders were by Citadel. +- While we don’t know the volume, we can infer that relative to the other venues, Citadel was the main bottle neck for these perfectly executable orders. I wonder if Citadel removing the buy button on robbin da hood had anything thing to do with this… + +# **TLDR** + +- The people hiring people to shill on reddit are SHFs. One of these folks, Doug Yauger, works for Sovereign Wealth Advisors who routes all their orders through and LPL Financial LLC. LPL Financial’s SEC 606 Rule Report discloses only a few hedge funds manage their entire order flows for stocks and options. Among these is Citadel, which accounts on average 33%, 44% and 83% of all their S&amp;amp;P 500, Non-S&amp;amp;P 500, and Options trade order flows. So, **SHF r fuk.** +- Of note, during the month of January, the marketable limit orders (i.e. trades that could be immediately traded) were grotesquely high at 75% and 65% for January and February for Non-S&amp;amp;P 500 stocks. This may suggest market manipulation by slowing trades and/or re-directing trades to different exchanges (potentially dark pools). This needs to be confirmed however. + +Buy, Hodl, DRS! + +Edit #1 - Formatting. + +Edit #2 - [u/LogicalFaith](https://www.reddit.com/r/Superstonk/comments/pvsbyp/shfs_hiring_shills_on_reddit_are_in_bed_with_lpl/hed5ssa/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf&amp;amp;context=3) highlights that the focus should be on LPLs order flow through Citadel and not one individual brokerage representative. Doug Yauger was just the individual who led me to this data on Order Flow. The order flow is the worthwhile DD. +Since EEENF released a PR or something and people keep spamming it this is the EEENF megathread please keep all EEENF related discussion within this post. Any EEENF spam outside this post will result in removal of post and potential temp ban. Happy trading! + +Post detailing recent PR + +https://www.reddit.com/r/pennystocks/comments/mh10vu/eeenf_operations_update_merlin1_umiat/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +I was surprised when looking at the US' GDP growth in 2021 and loss in 2020 and saw the UK contracting by -9.9%, Canada by -5.3%, Japan by -4.6% in 2020 and then looking at EU members and seeing the average loss at [\-6.6%](https://www.statista.com/statistics/686147/gdp-growth-europe/) + +While other developed economies like South Korea and Israel contracted less than the US and some like Australia and New Zealand were hardly effected according to [World Bank data](https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG), I'm wondering what made the US economy more resilient compared to its wealthy neighbors. Was it deeper financial markets? A lack of serious lockdowns or restrictions? An expansion of stimulus? +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) +The question is in the title. So I’ve been looking to house hack a duplex for 2 years, but still haven’t found anything. (This is not a venting post on the current market, I’ve done enough of that). I know the market is red hot and everything is over priced, but even still 2 years feels like a really long time. It’s not that I can’t find properties where the numbers make sense, but for one reason or another I don’t get that property. Again, I know the market is tough right now so I stuck it out, but I’m beginning to think I’m just not that good at it. (This is not a self pity thing, but I’m speaking from an objective standpoint). I can make numbers work and evaluate property but actually acquiring them is a fundamental skill it seems I don’t have, which is fine. So I’m strongly considering walking away and trying to figure something else out. I guess I’m saying all this to then ask, is 2 years so ridiculous a time that I should definitely move on, or at least re-evaluate my process. How abnormal is 2 years? + +**Please don’t be a dick. I’m thick skinned and love honesty, but there is a difference between dragging someone down and giving constructive advice. I just had my earnest security deposit returned because the tenant decided to stop paying and decided he didn’t want to move so the seller couldn’t sell. I’m still raw, so be gentle lmao** +They shut the buy button off before and got away with it. And yes, they need an active buy button to close their short positions. However, once MOASS begins, do you really think they're going to allow retail to drive the price up with their FOMO buys? Unlikely. Those shares are going to hedge funds, banks, and the super elite that need them. This will not be a buying frenzy peasants like us will be apart of. + +Also, I'm sure most of you have gotten used to the luxury of trading fractional shares. It's not a right brokers are required to provide their customers and they can take it away at any time. When the share price reaches $1 million, if you don't have $1 million in your account, then you simply can't afford the stock. + +Maybe you'll make a millions of dollars, but once MOASS starts, they can also turn off margin accounts completely, which means if you don't have $1 million in settled cash, you cannot buy anything. You'll need to wait a full 3 days for your funds to settle, and at that point, the stock could be 10x more than when you sold. + +If you try to sell, hoping to buy more shares back at a lower price, there's a good chance you won't be able to. You're playing with fire. + +When you decide to sell, I strongly suggest it's to close your position for good. Personally, I don't even know what an exit strategy is. +Has anyone used myCAMS ? I came across it in the midst of a sign up for something else. + + +What a horrendously designed portal with possibly the worst sign up process this side of the SBI Bank website. + + +Holy \*\*\*\*\*\* + +&#x200B; + +Some of the finance related websites in India are open and welcome targets for hackers. Infact I'm convinced that most of our financial data has been leaked to everyone from Somalia to Azerbaijan. + +What are some of your favorite offenders in the banking/investment webdesign space? + + +Edit: I agree about SBI Cards’ website but have any of you tried using the SBI Bank Portal with a password manager? +I see many posts about early retirees using high deductible ACA plans, but I've found an alternative that offers MUCH better insurance at much lower rates: student health insurance plans. + +I FIRE'd a year ago but not until I was accepted into a master's program at a university with a great health insurance plan. Yes, I have to pay tuition but I'm only taking one class per term (two per year) in order to drag out my degree as long as possible. My classes are $1,125 each and health insurance in the Cigna network costs $1,750. In addition, I've enrolled my partner for dependent coverage at another $1,750 per year. Our plan has a $0 deductible and $6,400 out-of-pocket maximum per individual. Any in-network services are a $20 co-payment or at most 10% coinsurance. + +&#x200B; + +Each year, we receive fantastic coverage and I complete two classes toward a graduate degree for just $5,750. This will keep us covered for five years at which point one of us will apply for another degree program. In addition, my program is fully online, so we have the flexibility to live anywhere we choose. + +&#x200B; + +I hope some others in this community can benefit from this option. I imagine part of the reason the student plans are so cheap is the fact that most enrollees are in their twenties. But age doesn't matter when enrolling through a university plan, so might as well take advantage! +I’ve only stumbled upon this subreddit a few weeks back.But I’ve been doing algo trading for years now.Here is my story. + +Also this story is about crypto. From what I have been reading the past few weeks, this sub is rather neutral towards it, so I hope you guys don’t mind. + +This post is consisting of two parts. Part 1 is my story. Part 2 is some info about my strategy and tech used. + +**Part1: Story Time** + +First a bit of backstory. I got involved with crypto in 2013. In hindsight I should have just bought bitcoin and held it till today. + +I’ve got involved in mining both with mining services as with ASICs. I waited like a year for my Butterfly miners back then, only for them to be outdated upon arrival. Lost some BTC on MT. GOX and kind of gave up for a few years. + +Restarted in 2016. Tried my hands in day trading. But realised I could not keep up. As a software engineer, I thought: “Hey here is something I can automate”.I felt like a god in 2017 until I realised, even though I was making huge profits, it was just due to the bull run. The whole year I tried to optimize my algorithm, but the general market just outperformed me. + +So in December 2017, I gave up and cashed out. This time I was lucky and went out at the top.But it still did not let me go. Mid 2018 I started again. And this time I went in much more methodically. I started to record numbers and created statistics.And there it was: I found an asset subgroup within crypto where my algo actually worked.The only problem was I had to trade pairs outside that sub group too, to keep my trading volume up.So now I had 2 pots. Pot 1 was a requirement for pot 2 to operate but was making losses.Pot 2 was generating profits. But overall, I was still generating losses. + +In 2019 I decided it would be this cycle that would either make or break me.I’ve took out a credit to beef up my pot 2. Nothing to big. Repaying it, would cost me 6 months salary over 5 years. + +2019 was basically a black zero. I did not yet quite make it into real profit. In 2020 I finally found the right tweak that allowed me to allocate resources more precisely into individual trading pairs. + +At the End of December 2020 I’ve managed to iron out the worst bugs and optimize the code. I’ve ended up with a small profit. I’ve pig backed on the rest of the bull run and ended 2021 in a massive 147% profit. More than enough to repay the credit and offset all the losses I did until 2018. + +In 2022 the real test for my algo came, with the crypto crash it had to prove it could preserve the value during hard times. And it did with the crypto market down -58%, my portfolio is up 10%. + +**Part2: How my trader(s) work** + +Everything was written by me by hand in Java. I’ve only used libraries for things like: Exchange API, REST, WebSocket Client, JSON, etc. No trading software. + +The basic idea of my algo is: I have no idea where the price is going long term, but short term (a few minutes) the price is more or less stable. I’ve I can just do a few dozen trades every minute and squeeze out a few cents and do this fast enough, then I should be able to make profit + +First I’ve started by writing a BTC/Euro trader. Then I’ve abstracted from there to a universal trader where I’ve just passed the 2 assets I’d like to trade. Next I’ve allowed more things to be parametrised: Order Size, number of orders, speed, minimum spread, etc. + +Then came the optimization. Whit a growing number of trading pairs, single threaded programming was just not cutting it anymore. So, I rewrote the whole thing to use proper multithreading. Which lead to a whole lot of bugs and racing conditions. + +Then I’ve started to work on a 2nd trading strategy. This time it was arbitrage trading. For this I had to start using WebSocket’s as I just could not get the data in a useful way over REST. Also I had to find out where the Exchange servers where hosted and moved my virtual Server into the same region. + +My current setup looks like this: + +https://preview.redd.it/pesn2fv8kdc91.png?width=944&format=png&auto=webp&s=d2b259334d73ed0461dea434b525325197e1975c + +I’ve recently finished Abstracting my Trader into an Abstract Class that only has the Algorithm but not implements any methods to get the data. So far, I have implemented the Trade for 2 different platforms. I have an Information Broker between the Trader and the API that caches information and only gets it from the API if it is expired. + +Currently I run 17 Trader and 793 Arbitrage Trader on Kraken. 1 Trader on CoinbasePro. + +The next Steps are: + +* Adding more trading pairs on CoinbasePro +* Abstracting the arbitrage trader +* Implementing the Coinbase arbitrage trader +* Implementing the Gemini trader +* Implementing the Gemini arbitrage trader +* Implementing cross platform arbitrage trading + +Everything runs on an AWS t3a.xlarge instance (4 CPU, 16 GB). The CPU load is at 30% under normal conditions. I consume about 1.2 TB of traffic each month from the WebSocket’s. The data from the REST API is neglectable. The Trader, Arbitrage Trader and the WebSocket Client implement the Runnable Interface and are all run from an Executor to use al CPUs. All Classes from the same Exchange share one Information Broker. The WebSocket Client gets all events from all orderbooks and writes the live status to the Information Broker. + +My results from January 2021 till today look like this: + +https://preview.redd.it/t38kgz1akdc91.png?width=914&format=png&auto=webp&s=58c94b5d1d67c88129e0bd0a76c524101ccff97b + +Edit: Please don't write me any pm’s. If 8 years in crypto told me anything it is: Do not answer pm’s. +I guess I set it up wrong? I really don't know how it came to be. I didn't notice because it was setup in the agreed initial payment arrangement - it did not accrue as Available funds for redraw like any extra payments would. + +I have adjusted our payment amounts several times over the years - mainly reduced, as our family (and expenses) have grown. And every time - never figured it out. Have paid \~$57,000 off the principle over the past 4.5 years. + +This certainly explains why we felt we were really struggling these last years! + +Haven't figured out what the lesson learned it yet - if anyone knows, feel free. + +And now to go home and explain this to my Wife - wish me luck. +Title. I was working in roofing, but the weather lately has put me out of a lot of work, and as I live in a weekly hotel, that really hurts. I have a two year old and my wife here, and it's hard to make ends meet sometimes. So I bit the bullet and applied for a local factory job yesterday, and today I go for an interview and tour. The pay is a good raise from what I had been making, and rumor has it there are a lot of hours to be had on a regular basis, so that's really exciting, especially considering how I'm looking to be moving to a real place and getting a car. + +Didn't really have anywhere to share this, but I'm really excited. + +Edit: For those who are curious, the interview/tour is at 4:45pm, so I should be home a little while later with an update. Thanks for the well wishes, I never imagined this would blow up so much! + +Edit: I got the job! Medical assessment on Monday and then I start on Wednesday. $13.05 starting and then a raise to $14-15 depending on position after 45 days.Thanks to everyone for your support. +Title. I was working in roofing, but the weather lately has put me out of a lot of work, and as I live in a weekly hotel, that really hurts. I have a two year old and my wife here, and it's hard to make ends meet sometimes. So I bit the bullet and applied for a local factory job yesterday, and today I go for an interview and tour. The pay is a good raise from what I had been making, and rumor has it there are a lot of hours to be had on a regular basis, so that's really exciting, especially considering how I'm looking to be moving to a real place and getting a car. + +Didn't really have anywhere to share this, but I'm really excited. + +Edit: For those who are curious, the interview/tour is at 4:45pm, so I should be home a little while later with an update. Thanks for the well wishes, I never imagined this would blow up so much! + +Edit: I got the job! Medical assessment on Monday and then I start on Wednesday. $13.05 starting and then a raise to $14-15 depending on position after 45 days.Thanks to everyone for your support. +27 year old single person here (living with one housemate, but we each get our own groceries). Just curious to know how much other single Aussie individuals spend on groceries each week. Cheers! +This is an follow up post on this post by me: [https://www.reddit.com/r/Superstonk/comments/qrjeoe/i\_called\_the\_dsma\_and\_they\_answered\_they\_are\_real](https://www.reddit.com/r/Superstonk/comments/qrjeoe/i_called_the_dsma_and_they_answered_they_are_real/) + +After my call, i wrote back to press representative and asked if she could organize a call just out of curiosity. She asked me for which media i work and i honestly answered for none. + +I described how i am part of this reddit community and while researching about GME some apes got aware of the upcoming Evergrande Crisis and how it could lead to a global market wide correction aka crash aka bubble burst. I also mentioned that we closely studied the massive rise of inflation and reverse overnight repo, yet we have the biggest bull market ever, even tough we are still in a pandemic which massive production chain issues. + +I outlined that we see a chance that a market crash could be a potential catalyst for the MOASS (ok, i didn't write MOASS) as a market wide sell of could led to forced closing of shorts as they fail margin requirements due to their other positions declining. Therefore we see GME as a hedge against a crash. + +Furthermore we experienced the same misinformation for GME like in the Evergrande crisis in order to misinform people, trying to play the situation down and kicking the can. I made clear that we support his theses that the offshore bonds are not being paid and media is quoting sketchy sources and is lying about the situation. + +I also mentioned this DD by u/wetdirtkurt[https://www.reddit.com/r/Superstonk/comments/por25r/i\_wrote\_this\_dd\_19\_days\_ago\_i\_did\_not\_expect/](https://www.reddit.com/r/Superstonk/comments/por25r/i_wrote_this_dd_19_days_ago_i_did_not_expect/) + +Dr. Marco Metzler responded and said that i should provide him with a time and he will call me back then tomorrow. + +He also shared this two articles with, that i will now share with you apes + +[https://www.asiamarkets.com/evergrande-bond-payments-again-sugar-coated-by-anonymous-sources-but-bankruptcy-could-come-in-matter-of-days/](https://www.asiamarkets.com/evergrande-bond-payments-again-sugar-coated-by-anonymous-sources-but-bankruptcy-could-come-in-matter-of-days/) + +[https://www.express.co.uk/finance/city/1519420/financial-crash-evergrande-debt-payments-collapse](https://www.express.co.uk/finance/city/1519420/financial-crash-evergrande-debt-payments-collapse) + +Apes. I am software developer and been holding GME since January. Since then i watched every AMA we ever did, i browse reddit daily, watched multiple documentations about naked short selling, phantom shares, DTCC and market crashes. i have a fairly well understanding about how 2008 went down (watched Big short twice and also the audio book, Inside Job). I will try to do best in this potential discussion. + +IF U HAVE ANY QUESTIONS THAT I SHOULD ANSWER, PLEASE PROVIDE THEM. ALSO PLEASE PROVIDE INFORMATION THAT YOU THINK IS CRUCIAL I WILL TRY TO GIVE IT A LOOK. + +~~Also can u apes PLEASE send me the links to the following superstonk posts, i cant find them:~~ + +* ~~there was post about a meeting from Citadel, Blackrock and other organization ahead of the upcoming china crisis.~~ +* ~~video of an i think (indian or english) tv report about how Evergrande is already collapsing and China is hiding it.~~ +* ~~Video about people standing in front of the bank and China and not getting their money~~ +* ~~People asking for their money in the Evergrande Central building.~~ +* ~~Also any posts about the relation to Crypto and the US market would be nice.~~ +* ~~there was also a post about some chinese guy living in the us, who called the crisis long ahead.~~ +* ~~Also is my understanding off the reverse overnight repo correct, that market participants are afraid on investing their money in the market and therefore hold the repo bonds overnight?~~ + +Got everything i need, will try include your questions quys! + +Thanks guys. I will try to read as much as possible, its almost midnight here in Germany.Mods again, i will provide proof if u need it. Sorry if there are to many spelling errors in this post. + +**Update**: i just finished an call of 1 hour and 15 minutes with Dr. Marco Metzler were he outlined openly and detailed his view on the Evergrande and upcoming global financial crisis. It was a very nice call and he answered all my questions. i need to continue my regular job now, need to eat something and then will create a new post containing the interview. i didn't record the interview, although afterwards he told me it would have been okay, as long as i dont publish it directly but made a lot of notes. the new post my get long and i will try best to summarize the call. +A post the other day talked about how ferrari’s and lambos are a pain to drive on pothole and speed bump riddled roads, but they get the most bang for the buck in the entertainment category. Wondering if anyone owns other nice cars that are maybe a little more forgiving of US roads and what your experience has been. +Wondering if some smarter folks than myself can help provide some context. I haven’t seen this discussed and I think it aligns well to some of the 7/14 theories we’ve been seeing. + +As far as I understand from what Wes, Dave, Dr. T etc. have said - a married put scheme to reduce SI% and kick the can down the road ends with both sides tearing up the contracts a few days before expiration. Today, and until they’re torn up, these contracts are essentially “promised” shares to cover shorts. + +Once they’re torn up, does another round of contracts need to be purchased immediately? Do the uncovered shorts enter another T+ cycle? Can they pre buy contracts today and assign them to these shorts now? Or, with the new rules (I forget them all), is the can kicking ability halted? + +I guess what I’m trying to get to is this: I’ve been disappointed by every date so far, but I’m happy to get hype for 7/14 given the large number of coincidences we’re uncovering. If RC understands the married put scheme then he’d understand these contracts are torn up a few days before 7/16 expiration. If new rules, etc. prevent can kicking that means SHF’s are going to have to cover ~30M shares at some point. If you’re launching your company transforming blockchain the same time 30M shares need to cover that’d be a hell of a potential catalyst. + +Any thoughts/opinions/wrinkles are appreciated. RC would have had foresight after the Jan sneeze to see the SHF’s move and this could have always been his counter. The fact it’s Bastille Day could just be somewhat coincidental to the overall scheme, but now certainly important in terms of dropping hints. +You guys really are acting like dumb money. So you want to take this life changing money and sink it into a piece of property designed to impress the very people you despise. Those cars are just pure maintenance issues, one after the other. I'm sure a mechanic will tell you to buy them because they want to stay in business. + +If you want to play it smart, think about the super cars offered by more mainstream companies. Think the Ford GT or like a Dodge Demon or even a Tesla. That's because when it breaks, at least the parts will be reasonable. + +Some of you apes don't have 2 pennies to rub together and are talking about bugattis and paganis. You are the prime case example of why most lottery winners end up broke. + +Be smart. Take some time to see how you can curtail your money into generational wealth for your family and do something meaningful, not in vain. + +Takes this time to reflect about how you can continue to make this money work for you so you are set for life. + +Go spend 500 dollars and drive those cars for the day to get it out of your system by all means, but realistically.... Those cars aren't that impressive and you are not a Dubai oil barron that could afford the upkeep in perpetuity. + + +TL;DR: buy a nice car from a mainstream manufacturer so that you can have some reckless fun in it and not break the bank on maintenance. The exotics will suck up your money faster then Kirby on prom night. Just rent one for a special occasion instead. Much more worth it. + +Obligatory GME 2 DA MOON! + +Edit: OMG! I'm on the hot page of Superstonk! If DFV, Queenkong, or any of the outstanding DD writers or Mods are watching, hello and thank you for all your hard work! Your tireless efforts led me to write this. I don't want to see all these people come so far only to be let down by the realities and downsides of high value assets they know nothing about. I'm really touched by the awards and am glad this is getting traction. Again, I'm not advocating for any particular brand or investment style. I feel like I was just trying to warn a first-time home buyer to not forget to check the plumbing as well and some peoples response is "don't tell me how to spend my money". Spend how you will, but beware the unseen pitfalls. +So despite being an Australian with no intention to live in the US, I have a US passport from my parents both being Americans. Apparently Uncle Sam's long arms stretch to Australia, and I'm meant to be filing taxes in the US. + +The only issue is that the US tax forms seem to be some of the most fiendishly complex instructions ever created, and I'm terrified I'm going to mess up the filing and end up being raided by Seal Team Six for owing taxes, even though I pay my Australian taxes every year. + +Have any other US citizens in Ausfinance gone through this process and can offer advice? + +Single, no kids, and don't own any property, my annual income is around AU$120,000 if that changes things +I’ve heard multiple times in my life this idea that when a person gets a pay rise and moves into a higher tax band, they will net less as their whole income is taxed at that new percentage (if the pay rise isn’t high enough to overcome the new percentage). + +This was even an example in a maths lesson I had in school when learning about percentages. + +I’ve also heard people say they would forgo a pay rise for this reason. + +Has anyone else come across this? Is it some remnant of history that some people still believe like the difference between a ‘British billion’ and an ‘American billion’? +A few weeks ago I posted a submission of why high Volatility is the black tar heroin of TG. I should have corrected this. Bio stocks are the black tar heroin, and these also include high volatility. As many of you know, TCDA decided to plunge into the abyss, Wall street bets saw their puts print, while a select few of theta gang had to watch in agony as their CSP went tits up and there was nothing they could do about it. Let this be a lesson that BTH kills. The high you get is the premium, nice and juicy and makes you feel good. But the risk of death, your bio stock literally Turing to Ash, hides behind that premium. So what do you do now? Well I suggest you go to detox and rehab, which shall have you wheeling on blue chip stocks so you can be reminded of what Theta gang is about, stealing money from the morons at wall street bets. Thank you for coming to my Ted talk. Any victims of the TCDA crash feel free to post your experience in the comments. +I just put an offer in that was accepted today with the only contingencies being an inspection and the loan. Same day, my wife, whose happiness is worth much more than any investment, has buyer's remorse. It would be our first vacation home. It isn't very nice but on a lake. It is not a guaranteed money maker but low cost. Her buyer's remorse is probably a really good indicator that this will not go well. There are two other options on the lake that we haven't seen yet. + +The question: how do I get out of this purchase agreement without needing to fulfill the $1,000 earnest deposit? Do I just say I changed my mind and won't send the money? + +Edit: fixed typo + +Update: It seems, in this case, the right answer was to allow a cool off period. Her cold feet, as was mentioned in one of the comments, went away. She even convinced me this is a better deal than I think. Thank you all for all the comments and thoughtful advice. + +Update 2: The seller backed out! +If that don't make you shiver I don't know what will. + +Personally I don't think we are in the end game until those numbers come out. We will either be proven right or wrong. No way around it. I hope everyone is mentally prepared for this. There is really only 3 ways this goes down + +1. the number is massive and that means a financial crisis is coming but we still must hold since IMO that will be the endgame but not the end of the game if that makes sense :) Many people will jump in on it as it literally means free money. +2. The number is pretty high ( close to 100%) still means we are right since many can not vote but would still mean having to guess and that sucks but its ok. Its better than scenario 3. +3. It is low to medium turn out. It means we are wrong about the situation ( This will most likely not be the case if you have seen the DD) + +So its pretty much between 1 or 2 in my humble opinion. **Carl Hagberg** the man himself said he would eat his hat if it wasn't overvoted and that's something I take to heart. Its the boomer version of saying " On god" or " No cap". + +I guess I'm just excited to finally be relived of this duty of guessing everyday. Worst case scenario investing in GameStop is that you go back to working a 9-5. Best case you create 9-5's for others. The choice is yours :) + +Not financial advice just wanted to let everyone know how close the endgame is really. Dates are ok because this is true. The voting numbers will be out a little after 6/9. + +REMEMBER TO VOTE BECAUSE JUST BECAUSE YOU MIGHT THINK ITS ALREADY OVERVOTED DOSENT MEAN IT IS. VOTE VOTE VOTE. BE A PART OF THE SOLUTION + +Edit1: I'm seeing lots of people saying " don't make dates it makes people paperhand". GameStop made the dates not me. Its not like I'm creating some magical number out of thin air. voting will end 6/9 and a few days after that, the voting numbers WILL 100% be released. Why cant I put a date on that? + +Edit2: I am not saying there is no future, there 100% is a bright future for GameStop. I am saying this is a very critical point for the GME MOASS and it should be without question that this is an unprecedented thing. Many things could happen. The plan is still to buy and hold. + +Edit3: The vote will give us the MINIMUM number of shares not the maximum. It will be some cold hard numbers to work off of and that's awesome. I'm just wondering if apes can handle the truth. + +Edit 4. Good afternoon. If you are afraid of other places not being able to vote , Don't. The US holds a VAST MAJORITY of the stock. Obviously it'd be nice if they could vote but they are trying their hardest. The us holds a about 90% according to this Bloomberg thingy so no worries. [https://www.reddit.com/r/DDintoGME/comments/nckmwo/14052021\_gme\_bloomberg\_terminal\_information/](https://www.reddit.com/r/DDintoGME/comments/nckmwo/14052021_gme_bloomberg_terminal_information/) + +Still edit 3 is the most important one :) + +Edit 5: Last one i swear. To people being liked " They don't have to or maybe they wont post the vote" They have a clear history of doing so and if they don't its good for us because it means legal action is being taken. There is literally NO downside. +**Let us** **begin** by assuming nominal 1 Day charting periods on the GameStop stock chart. + +Now, let us review what volume-weighted average price is (note that an intra-period assessment of average price is typically applied using the low, high, and closing price (in error). + +&#x200B; + +https://preview.redd.it/m56us7hkhm981.png?width=695&format=png&auto=webp&s=1537d3c872448b391636dd12328afbde572be0b0 + +Let us assume that a 7-day rundown in volume and price is terminated by a discovered price support after such a rundown. Let us create a term called Volume Weighted Price Support, where we analyze the volume-weighted price over the day that preceded the weeklong rundown. + +&#x200B; + +https://preview.redd.it/cankb29mhm981.png?width=975&format=png&auto=webp&s=b346d847a422ad9c72cd8543d6beb3691d66dc28 + +Let us also assume that a weeklong runup in volume and price is terminated at time T 0 by a new price resistance after such a runup. Let us create a term called Volume Weighted Price Resistance, where we analyze the volume-weighted price over the day that preceded the weeklong rundown. + +&#x200B; + +https://preview.redd.it/6b25r8cnhm981.png?width=946&format=png&auto=webp&s=d502128eb20bc5d9f66ddf84a340de10146e3ba7 + +First, let us seek the previous price resistance from the chart: + +&#x200B; + +[GameStop's Previous Resistance \(albeit forced\) was $508.04 in Pre-Market on 28JAN2021](https://preview.redd.it/5ygc122iim981.png?width=900&format=png&auto=webp&s=278d95b760287a049bfc791d73f355e963b0ea26) + +Now, let us seek a VWPR from 8 to 7 business days (occurred on January 19th): $40.5 Average on (VWPR 8 to 7 days) across total traded Price \* Volume (PV) of $3,026,160,000 on that day. + +Further, let us use this historical data (of volumetrically-reflected value) to make a future prediction about a new price resistance (final divided by initial as a weighting coefficient) and applied to the same expectations of PV. + +&#x200B; + +https://preview.redd.it/x22sunsphm981.png?width=998&format=png&auto=webp&s=2174600e2094df8467d150ede6b3e5842d549aa1 + +However, since the previous VWPR from T0 minus {8 to 7 } days of 3,026,160,000 $\*shares is 13.9537x that of the current, "New 1Day PV" of {216,872,100 $\*shares} , then by primary assumption of volumetrically-reflected value in the past being equivalent to volumetrically-reflected value in the future, this new price resistance has a predictive quality only with equally applied reflective price \* volume. Therefore, we must *divide* this GameStop New Price Resistance by 13.9537 to achieve an equal-value Equivalent Price: + +&#x200B; + +https://preview.redd.it/4l93exuqhm981.png?width=759&format=png&auto=webp&s=95de32ade4e0d7185044fcada71b977ac115a682 + +Note, however that in the case of GameStop's Price Resistance that was set on January 28th in pre-market, at {$508.04 per share} that the true market Price Resistance is *actually unknown*. **If we assume that the buy button was not removed by brokers**, then we can make a fair assumption that the natural, unimpeded, economic price (based on supply and demand) of {$1,000.00 per share} would have been reached at a minimum. Thus, it is conservative to assume a factor of 2x in this case: + +&#x200B; + +https://preview.redd.it/kv6joldrhm981.png?width=928&format=png&auto=webp&s=5e1a0386b28806c7a57d95c117dd663852e48805 +I have been investing via SIP in a few mutual funds for over a year now in Paytm Money. But recently it has started showing a pop-up that I need to open a demat account (do KYC) to continue to invest in direct mutual funds. Google searxh showed me no change in regulation or rules that a demat account is necessary for investing in MF's.... So i wanted to know if it is necessary? +Title says it all but the post needs to be at least 250 characters lol. Can we please ban clips of Cramer? Dude's a cockroach, and we shouldn't be amplifying his garbage, even if it's in jest. I'd much rather he wither away and drift off silently into obsolescence than to keep providing an additional platform for his drug-addled rants. Crook. Charlatan. Corporate mouthpiece. That should be 250 characters, shouldn't it? +Hello everyone. I signed a contract with a real estate agent in order to sell my investment property in Missouri. + +The house is currently occupied, and she really ticked off my tenants when she demanded that we show the home over the weekend. + +They, in turn, sent a letter from their attorney stating that this was unreasonable (even though it’s in the lease). + +I agreed to wait until they vacate the premises to show the house because I like them and we’ve always gotten along. + +The real estate agent had pictures taken ($50 fee stated in agreement). The only termination clause in the contract states that she would be entitled to 3% of the listing price if I sold/leased the home to someone that was found through her efforts. + +At this time, the tenants are just going to remain in place, so I asked her to terminate the contract (I don’t need her help with a lease, etc.) + +I also offered to pay for the photographs. + +She is now demanding that I compensate her for her time, and I’m not exactly sure how to respond. I’m not saying that she isn’t entitled to something, but she’s being very difficult, and there is no verbiage in this regard in our contract. + +I’ve never experienced this when working with an agent in the past. + +Any advice would be greatly appreciated! +Hey guys, + +This Post is **NOT** there to bash or to make fun of People that Trade the so called "SMC", but rather to make People realise that they are **not** trading like the Banks or Institutionals do and they are **not** trading any different from the so called "retail traders". + +Again, those concepts are completely fine, basic price action + time of the Day is being used, just like what most Traders are using for their trading. Nothing wrong with that. + +So please dont cry in the comments "BuT I aM vErY PrOfItAbLe, It HaPpeNs EvErYdAy" + +&#x200B; + +1. Why do I think ICT and SMC is so hated among many? + +\- Most things are renamed to make it sound more interesting and appealing for new traders (we talk more about this later on) + +\- ICT and many other "Mentors" are very arrogant and specially ICT is claiming how he invented all those things and everyone else is a fraud (probably the dumbest thing I have ever heard) + +\- New Traders watch ICTs videos and copy his way of speaking/attitude, meaning even if they are barely called a "Trader" they already adapt the arrogance, making them an unlikeable bunch of (mostly) Teenagers. + +**I am talking about the majority of SMC Traders, obviously not everyone in this like this** + +&#x200B; + +2. Lets talk about about renaming known terms + +\- Orderblocks: Its simple Supply&Demand, anyone claiming Orderblocks are "refined" Supply&Demand Zones, please show me how is it possibly different/refined + +\- Breaker/Mitigation Blocks: Really? those 2 are the same to begin with. They do the exact same thing. Anyway... its just Support turned Resistance and vice versa. + +\- FVG/BISI/SIBI: (Does he really need that many names for the exact same thing lol) Its nothing else then what many Traders call an "imbalance". + +\- Void: literally called a clean Candle by anyone else + +\- CE or consequent.. something: its just literally the 50% of either a clean Candle (Void) or an imbalance (FVG), Traders have used the 50% level when ICT still made turds in his Diapers. (not really, but you get the point). + +\- OTE: Literally just the commonly used "golden zone" on the Fib with a random number added to it, to make it look different. + +Sell/Buy Model: The concept of 3 pushes/waves has been used for decades, ABC Pattern, Elliot Wave and so on, this is just another version of it. You dont need to be Einstein to figure out that "Model". + +Thats about all I could think about, if I missed some Terms, whatever. + +&#x200B; + +3. Lets get to the main Event, the flawed logic behind those concepts + +Liquidity and how retail Traders are getting hunted by the Banks + +\- Banks going for retail Traders: + +This is just complete nonsense, sorry. Its again a great business model, "Dont Trade like the retail traders, 99% lose money, do the opposite". + +But its logic is completely flawed. Banks are **not** trading against retail Traders, they also **don´t** care where your stoploss is. + +Banks are competing against other Banks and Institutions, you are just a small Mosquito that gets caught in the "war" and dies by a random arrow that was meant for someone else. + +Retail money is so unsignificant that your money is **COMPLETELY** useless for them, your Money wont help the Bank move a single Pip. Forex is the most liquid Market in the World. Dont be delusional. No one cares about your 100€ Balance. + +&#x200B; + +\- Liquidity: + +Yes, Banks need and want liquidity, but as previously said it has **nothing** to do with you whatsoever. + +Knowing that, do you really think you know where Orders from Banks and Instutions are? I surely dont. another thing, they can also cancel their Orders right before price would take them in the Trade, how would you know when they do that? I havent found anyone who knows that. + +now to liquidity above lows and highs... can you tell me what is the difference between + +SMC Trader: We are in an uptrend, Banks are going for the liquidity above the highs. + +and + +Retail Trader: We are in an uptrend, we expect it to continue and break the highs. + +There doesnt seem to be any difference for me. + +same with lower timeframe logic: + +SMC:Its going for sellside liquidity before going up, I wait for BMS and take the Trade on a Breaker + +Retail Trader: likely a deep pullback, looking at the HTF, I wait for a Market structure change and trade the retest. + +&#x200B; + +All those things are completely the same. + +**You are not trading like the Banks, its impossible. You are not trading different compared to any other retail trader. You are not something special, You are not different.** + +I want to hightlight again, I am not saying SMC trading is bad, its working completely fine, **but** you are not doing anything worldbreaking, you are trading basic price action like everyone else does. + +You just make it sound a bit more cooler. Congratulations. + +&#x200B; + +I could go on and on, but I think the point is made. + +&#x200B; + +Have a good Trading week. Cheers. +Hey guys, + +This Post is **NOT** there to bash or to make fun of People that Trade the so called "SMC", but rather to make People realise that they are **not** trading like the Banks or Institutionals do and they are **not** trading any different from the so called "retail traders". + +Again, those concepts are completely fine, basic price action + time of the Day is being used, just like what most Traders are using for their trading. Nothing wrong with that. + +So please dont cry in the comments "BuT I aM vErY PrOfItAbLe, It HaPpeNs EvErYdAy" + +&#x200B; + +1. Why do I think ICT and SMC is so hated among many? + +\- Most things are renamed to make it sound more interesting and appealing for new traders (we talk more about this later on) + +\- ICT and many other "Mentors" are very arrogant and specially ICT is claiming how he invented all those things and everyone else is a fraud (probably the dumbest thing I have ever heard) + +\- New Traders watch ICTs videos and copy his way of speaking/attitude, meaning even if they are barely called a "Trader" they already adapt the arrogance, making them an unlikeable bunch of (mostly) Teenagers. + +**I am talking about the majority of SMC Traders, obviously not everyone in this like this** + +&#x200B; + +2. Lets talk about about renaming known terms + +\- Orderblocks: Its simple Supply&Demand, anyone claiming Orderblocks are "refined" Supply&Demand Zones, please show me how is it possibly different/refined + +\- Breaker/Mitigation Blocks: Really? those 2 are the same to begin with. They do the exact same thing. Anyway... its just Support turned Resistance and vice versa. + +\- FVG/BISI/SIBI: (Does he really need that many names for the exact same thing lol) Its nothing else then what many Traders call an "imbalance". + +\- Void: literally called a clean Candle by anyone else + +\- CE or consequent.. something: its just literally the 50% of either a clean Candle (Void) or an imbalance (FVG), Traders have used the 50% level when ICT still made turds in his Diapers. (not really, but you get the point). + +\- OTE: Literally just the commonly used "golden zone" on the Fib with a random number added to it, to make it look different. + +Sell/Buy Model: The concept of 3 pushes/waves has been used for decades, ABC Pattern, Elliot Wave and so on, this is just another version of it. You dont need to be Einstein to figure out that "Model". + +Thats about all I could think about, if I missed some Terms, whatever. + +&#x200B; + +3. Lets get to the main Event, the flawed logic behind those concepts + +Liquidity and how retail Traders are getting hunted by the Banks + +\- Banks going for retail Traders: + +This is just complete nonsense, sorry. Its again a great business model, "Dont Trade like the retail traders, 99% lose money, do the opposite". + +But its logic is completely flawed. Banks are **not** trading against retail Traders, they also **don´t** care where your stoploss is. + +Banks are competing against other Banks and Institutions, you are just a small Mosquito that gets caught in the "war" and dies by a random arrow that was meant for someone else. + +Retail money is so unsignificant that your money is **COMPLETELY** useless for them, your Money wont help the Bank move a single Pip. Forex is the most liquid Market in the World. Dont be delusional. No one cares about your 100€ Balance. + +&#x200B; + +\- Liquidity: + +Yes, Banks need and want liquidity, but as previously said it has **nothing** to do with you whatsoever. + +Knowing that, do you really think you know where Orders from Banks and Instutions are? I surely dont. another thing, they can also cancel their Orders right before price would take them in the Trade, how would you know when they do that? I havent found anyone who knows that. + +now to liquidity above lows and highs... can you tell me what is the difference between + +SMC Trader: We are in an uptrend, Banks are going for the liquidity above the highs. + +and + +Retail Trader: We are in an uptrend, we expect it to continue and break the highs. + +There doesnt seem to be any difference for me. + +same with lower timeframe logic: + +SMC:Its going for sellside liquidity before going up, I wait for BMS and take the Trade on a Breaker + +Retail Trader: likely a deep pullback, looking at the HTF, I wait for a Market structure change and trade the retest. + +&#x200B; + +All those things are completely the same. + +**You are not trading like the Banks, its impossible. You are not trading different compared to any other retail trader. You are not something special, You are not different.** + +I want to hightlight again, I am not saying SMC trading is bad, its working completely fine, **but** you are not doing anything worldbreaking, you are trading basic price action like everyone else does. + +You just make it sound a bit more cooler. Congratulations. + +&#x200B; + +I could go on and on, but I think the point is made. + +&#x200B; + +Have a good Trading week. Cheers. +Last Edit: he did it: https://www.reddit.com/r/wallstreetbets/comments/msblc3/gme_yolo_update_apr_16_2021_final_update/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +More edit: I regret not putting a “May have” in the title. DFV May have went all in. +Edit: I should probably say this is speculation not a given. + + +Tweet time line: + +First tweet is a pic of Matt Damon in Rounders. A movie about high stakes poker. The last game they play is NO LIMITS Texas HOLD'em. Also a quote, " I sat with the best in the world, and I won". Also what do you do if you think you are going to win a hand in poker? You go ALL IN. + +[Rounders](https://preview.redd.it/vpdrta3audt61.jpg?width=617&format=pjpg&auto=webp&s=b59abccff6f154328a2e322539a9f819619760d0) + +Next tweet is about the VOLUME being turned up to 11. This is 30 min before the spike of the GME at 2PM. I believe its from a movie called Spinal Tap. A comeback story of a British Rock Band. + +[VOLUME as in STOCK VOLUME](https://preview.redd.it/k7dm218kudt61.jpg?width=622&format=pjpg&auto=webp&s=12b0f299c5649ab2797171ec43feb09ee01e9bf4) + +Up next is a tweet about being a Wildcard. I think he has more money then we think he does and was about to go all in. Soon after this tweet, we see the volume of the stock go up! + +&#x200B; + +[Wild Card](https://preview.redd.it/ffsces7uudt61.jpg?width=629&format=pjpg&auto=webp&s=0d71d24429c4b94416109313e7c97fb98a3e5f9f) + +&#x200B; + +https://preview.redd.it/82gzb3bqwdt61.jpg?width=349&format=pjpg&auto=webp&s=33dab82d5dd668b12af0c7f86a98595778232cba + +The next tweet is a clip from Happy Gilmore. On the green on a par 4. Super LUCKY. u/DeepFuckingValue is feeling LUCKY. (this is probably my weakest translation. Maybe somebody can help me out a little). EDIT: [u/successful\_Racoon33](https://www.reddit.com/u/successful_Racoon33/) pointed out HAPPY GILMORE = GOING REALLY LONG!!! Edit 2: u/laurajr0 points out Happy Gill More. Also, u/soft-J points out Happy Gilmore is and amateur who went up against professionals. + +&#x200B; + +[Happy Gilmore](https://preview.redd.it/487pqwe6vdt61.jpg?width=630&format=pjpg&auto=webp&s=baff44df482eac80949fa32555ce0a37502af4fd) + +Next tweet is from a scene in a movie. The letters highlighted is A A T G T A C. The scene is from GATTACA. If you jumble the letters around that was highlighted you get GATTACA. Wanna know what this movie is about? SPACE TRAVEL. The scene GIF finishes by saying "I NEVER SAVED ANYTHING FOR THE SWIM BACK". HE JUST TOLD US HE DIDN'T SAVE ANYTHING. HE WENT ALL IN AND GOING TO SPACE. + +&#x200B; + +[\\"I NEVER SAVED ANYTHING FOR THE SWIM BACK\\"](https://preview.redd.it/by8uv72svdt61.jpg?width=644&format=pjpg&auto=webp&s=f67412a7c3102cd07738b4ffbb432ab87f539abd) + +u/DeepFuckingValue you are our inspiration. THANK YOU FOR NOT GIVING UP BACK THEN SO WE CAN SEE WHAT YOU ARE SEEING. RETAIL WOULD HAVE NEVER BEEN ABLE TO DO IT WITHOUT YOU SO THANK YOU. + +&#x200B; + +TLDR: DFV just YOLOED all his money. Maybe. (That’s an edit just like the top) + +Another edit: to whomever gave me the platinum, Thank you. Now I no longer have to see Montly Fool advertisements every five posts for the foreseeable future. +I post this in this thread because I know a lot of us speak of allocation and how much domestic vs foreign stock we should hold in order to reach FI as fast as possible. Thought this article was interesting and figured I'd share. I'd love to hear what everyone's current international allocation is and/or if news like this will influence future allocations. + +&#x200B; + +I know the US has been the dominant economy for awhile (I personally hold no international yet, just VTSAX—I've followed the JL Collins mindset) but as we all know, past performance doesn't dictate the future, either. + +&#x200B; + +For the first time in nine years, [Singapore surpassed the United States and Hong Kong to clinch the title of the world’s most competitive economy](https://www.cnbc.com/2019/05/30/singapore-topples-us-to-become-worlds-most-competitive-economy-imd.html), according to IMD’s 2019 World Competitiveness Rankings. + +&#x200B; + +**The rankings go as follows:** + +1. Singapore +2. Hong Kong SAR +3. USA +4. Switzerland +5. UAE +6. Netherlands +7. Ireland +8. Denmark +9. Sweden +10. Qatar + +&#x200B; + +The CNBC article stated + +>Singapore’s immigration laws, advanced technological infrastructure, availability of skilled labor and efficient ways to set up new businesses helped it advance to the top, [IMD’s 2019 World Competitiveness Rankings found](https://www.imd.org/wcc/world-competitiveness-center-rankings/world-competitiveness-ranking-2019/). +> +>While the U.S. still ranked first in economic performance, IMD found that the country fell from its top spot as the boost in confidence from U.S. President Donald Trump’s tax policies faded. +I've had a tough decade of not saving very much, before lockdown came along and miraculously solved all my problems (except making me fat and depressed, but that's another story). + +A friend of mine invested in a big basket of - I think they're called ETFs - with a large highstreet bank and has done ok with it. + +Can Reddit do any better? It's getting ridiculous just having it sit in my day-to-day bank account. +Hello All + +I am actually scared to post . +I have underlying health issues that currently only make me be able to work 3-4 days a week +That's why I choose to go freelance. +For the last 3-4 months I have not been getting enough work coming in putting me at £500 a month +I have -£250 overdraft which I took out .(first time) +So this leaves me with £250 each month to live off. + +I have payments due to other people around £1k and also my PayPal credit account £1.5 ,k in payments ( I put a courses on this) + +I do live at home. But I came back in 2020 having live in shelter for 3 years .it was roughly the same as now e.g live off £300 a month bills , rent , transportation food + +I really wanted to avoid JSA at all cost , I have managed to stray away it for 1.5 year even though it was extremely difficult freelancing without the support. + +My plan was to do anything I can to get work online from sep - Dec and hopefully balance my payments but my body keeps shutting on me. + +So that why I needed the extra help financially but brain is resisting the job centre as being harassed at the job centre is not nice. + +The only reason I felt the need to go back on Benefits, as I have been reading on here how people even a 40k salary are struggling and had to go on it for the extra support. So.i was like why not . But the distress.... + +Sums things up. +£500 income +-250 overdraft +£1k payments +£1.5 paypal credit (courses) + +Outcome: to be able pay everything off and balance out overdraft but on low income and need help with how I can out of situation. + +I do have dyslexia also. + +Please be nice 🥺 this is hard enough for me already. +&#x200B; + +[Spike of SI seen today morning](https://preview.redd.it/wn0tejepxk281.jpg?width=3433&format=pjpg&auto=webp&s=130e64cad5241cf5956cb33ba85f0900ef83996f) + +&#x200B; + +So, my morning ritual includes waking up, checking up on fav stonk before going about my day. Sufficient to say that I haven't been able to sit still since. I initially thought it was a glitch so I called up refinitiv support and asked them if they "glitch" and they assured me that if I saw it on the terminal, its true. My key take away from all of this was refinitiv will give a short squeeze score of 97 to a stock that's been shorted over its float. Really makes me wonder why I'm paying for this lol. + +&#x200B; + +P.S Thank you mods for giving me approval to post on here. I'm a low karma lurker and have been holding since Jan so really excited to be here! + +Edit1: I'm seeing 2 downvotes for every 1 upvote. Is that normal? Have I said something incorrect? Please let me know so I can make an official correction. + +Edit2: Thank you everyone for the discussion and the implications of what this means. But as I was reading through comments, the thing that I couldn't fathom was..this community has spent countless hours trying to determine what is happening here and have been for months. But for someone unfamiliar with all of this, for someone who truly believed that the short interest was 10%, the above screenshot and other screenshots indicating the SI has gone up 100% with no apparent price movement is horrifying. Who would be held accountable for something like that? It truly is sad that something like this can happen. + +Edit3: Based on a suggestion from the comments, adding my comment as an edit for better visibility: +so i've been using refinitiv for about a year now. and the way they work is, they give you a point of contact who will help you navigate the service, relay information between you and relevant departments and assist in debugging issues. for example, during the spac craze last year, they reported the lockup expiration periods incorrectly and i asked them about it since this could impact stock prices/trading strategies. they went ahead and admitted they had made a mistake and corrected it ( i only ever spoke to my point of contact). and i did the same today. reached out to my point of contact and he told me that everything looked fine. all of this isn't to say that the source refinitiv gets it's data from didn't glitch. but like you said, WHY NOW. +This is the official $GME Megathread for r/Superstonk. 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In what percentage splits? And why? + +Curious to see everyone’s best bets and their thinking behind it. Cheers, and good luck to all! +On Friday, I forgot to close my NEGG 30-35 call credit spread. I collected $1000 credit for it, NEGG closed at 30.50, so I could have closed it for net $500 profit, but I simply forgot to do it. + +Needless to say, for several days now I've been having anxiety cranked to the max, unable to think about anything other than how ruined I will be if I get assigned and NEGG opens significantly higher on Monday. + +Over the weekend, I found out I had indeed been assigned a thousand shares short, which could easily wipe me out if there were any significant gains over the weekend. + +I placed a premarket order to buy back 1000 shares at 31 and it has now filled at 30.97, so I'm now clear. + +I cannot begin to describe how relieved I am. This could very easily have ruined my life. I never ever want to ever go through this ever again. + +Buy to close your spreads, no matter how far out of the money they are the day before expiry. Pin risk can and will get you eventually if you get complacent or just plain forgetful. +\*\*EDIT And the winner is... + +&#x200B; + +[To the moon!](https://preview.redd.it/okj5hxjmmvr91.png?width=722&format=png&auto=webp&s=66a4fe155be2479c439622873aa1fd5f370394ac) + +After reading one article I got pretty excited about the graphite industry. On the back of that single article I also strongly believe that I'm across the entire industry from a geology, mining, worldwide jurisdictions and, of course, the players within the industry. However, for the sake of shits and giggles, I'd now like to invite some suggestions from you degenerates as to which stock(s) I should throw small, ham-fisted ~~piles~~ single notes of cash at, some of which include; + +RNU - Mkt cap $400m. Siviour project in South Australia biggest resource outside Africa & second largest proven in world, $185m conditional loan approval from Oz govt, Stage 1 NPV US$499m (28,000 tpa of PSG), FID and binding offtakes due this year + +TLG - Mkt cap $387m. Two of the largest classified resources in Europe (Vittangi 30Mt @ 24.1% Cg & Jalkunen 31Mt @ 14.9%Cg both in Sweden), ESG credentials with 100% renewable power, pilot plant operating, 2024 commercial production to commence. + +BKT - Mkt cap $146m. Mahenge project in Tanzania, $1.5B NPV, early works (construction) commencing this year + +BEM - Mkt cap $22m. Maniry project in Madagascar, DFS due this month. Some 50/50 JV in India. + +[https://stockhead.com.au/resources/caught-short-miners-say-graphite-is-poised-to-be-lithium-2-0/](https://stockhead.com.au/resources/caught-short-miners-say-graphite-is-poised-to-be-lithium-2-0/) +Using a throwaway account. + +I am currently an SVP at a public tech company (~$10b mcap), reporting into c-suite (not the CEO), and run a tech department. My TC is ~$2m, 24% base and bonus, 40% RSUs, and 36% PSUs. + +I am talking with a similarly sized company regarding a c-suite role and we are beginning to discuss compensation. This is my first c-suite role and I am not sure how to negotiate compensation or what other contract details to look for. I expect a bump in TC (LTI will be RSUs and options), but it is hard to get a sense of what to expect. Proxy filings were not very helpful as this position in similar companies is not often an NEO. Any suggestions on where to get a baseline? + +Also expect there should be a termination/change in control package in the contract. The ones I have seen allow for the accelerated vesting of any equity and one year’s salary. + +Anything else I should be looking for? + +Edit 1: (for FatFire relevance) +The company is in the same field as my current company and I do believe in the mission, but I am still undecided if this is the right move. At my current position, I could easily reach my fire number within five years. I imagine taking this role could bring that in a bit, or allow me to fire fatter, something I would not mind and could be meaningful, but I don’t want to work for much longer that another five years or so. There is also the ambitious aspect of wanting to make it to the c-level before firing. In balance, not sure it is worth what I expect to be more politics and grief. +This is more just an annoyance than anything but if I can save any other newbies like myself from the same problem I want to. Texas is under community property jurisdiction. If you buy a property and are married you’re wife is automatically on the deed. Even if you are the only one on the note, she will have to be on the sales contract and sign a few papers at closing. I did not know this and am closing in a town five hours from home, missed my wife goodbye and when I got to closing, it was a complete mess trying to figure out how to get her signatures since she didn’t travel with. We ended up doing a power of attorney so I can sign and the funding will be delayed until the POA reaches the title company through the mail. My ignorance delayed closing a couple days, so don’t be dumb like me! + +PS this was an off market deal where I didn’t use an agent to represent me who would usually save me from these mistakes. The lender or title company should have warned me too but failed to do so. +I currently have $100 in my bank account and I get paid on Thanksgiving. My fridge and gas tank is full and my bills are paid. This is the first paycheck I didn't run out of money and have to use a credit card to get groceries, I even put money towards the credit card and put some money into savings. By this time next year, I will have a job that pays $41,000 a year. I don't have much, but at least I'm not digging myself further down now. + +Syscoins chart currently looks very juicy but it’s what it has coming that looks better. + +Around dec 6th they will release their NEVM, Ethereum based smart contract layer that can plug and play any ethereum project for 96% cheaper and secured by bitcoins PoW. + +It already has 20% of bitcoins hash power meaning it’s roughly the second most secure blockchain and green as this is power already used by Bitcoin. + + +They have an ecosystem of projects already waiting to deploy on their NEVM, so immediately will be utilised. + +OG project and totally decentralised, 7 year old with supply already circulating, near 40% locked up in 2500 masternodes and using bitcoins PoW. + +ZKROLLUPS are hot right now and Syscoin is the only other chain other than Polygon and Ethereum to have them and again already an ecosystem ready to deploy on them. + +Regulation compliance built in and a publicly listed company with the gold standard of security in BTC, smart contracts in ETH and scalability in ZKRU + +Biggest marketing campaign beginning with influencers all talking about SYS, +Shelby, Mando, El Chapo, Michael van de poppe, Crypto General and Wendy O soon everyone will be talking about Syscoin whilst it goes on it’s run. Get in early, fundamentals are 10-30 mc if you place it against SOL and FTM and right now only on 400m. +My 12 year old has a birthday coming up and is wanting new yeezy’s, Jordan’s, video games, air pods, etc. + +I want to avoid spoiling him and am looking for advice on how y’all have thought about these types of requests? +Was watching a “Chat With Traders” podcast on Risk Management and saw the following comment: + +“Pick two random indicators, one for entry and one for exit. Have a concrete risk management strategy and it’s almost impossible to not break even”. + +Do you agree or disagree with that notion? I feel like I’ve wasted so much time early in my trading on trying to perfect indicators or find the best entry scenarios and that, in retrospect, had I just stuck to one or two basic indicators and just been militant about risk management, I would’ve done just as fine if not better. + +Curious to see whether you guys agree with that approach. +I (24F) am from a wealthy family, and one thing I never had to worry about (although probably the only thing) was money. I also recently started at a relatively high-paying job at a pharmacy. + +Not all of my friends are this fortunate. I have a friend, Ben (25M) who is struggling to pay for housing despite having a full time job. He is also unable to go visit his family who live in another state. + +I wish we lived in a cooperative society where it would be acceptable to give handouts to someone without them feeling indebted, or obligated to do something in return. Unfortunately, we don't. The only real way to financially help someone is to go anonymous. + +I've thought of sending him money electronically, using Paypal or something similar. However, there are two downsides to this: + +1. It could be traced. 2. Who in their right mind would accept money sent via email from an anonymous account? It will always look suspicious or like a scam. + +The only way I could think of is to dress up in disguise and put an envelope full of cash into his mailbox. At our town, we have those old-timey stand-up mailboxes which are located closer to the street than to the walls of the house. + +This is the only way I could think of to help. What I would like to ask is, what are the risks of this? Is it a good idea, and why or why not? +Really need advice, I just bought a duplex in a C-/D neighborhood. I have a couple others close by, but unfortunately I’m having a problem here. The neighbor doesn’t have a driveway. They or their ‘friends’ often park at the end of my driveway. The tenant says the neighbors are drug dealers, and fears having them towed. The current tenant put up a no parking sign at the end of the driveway, but it gets ignored. Both tenants in my duplex are moving out in a couple months. How would you best resolve this issue? Not sure if there’s a good solution. :( +hello, i should be in a position to buy a house in appx 5-7 years and i was wondering what you thought might be a good "shorter term" holding for that time frame. O? STAG? of just a HYSA? just looking for somewhere kinda safe to make some interest while its there. HYSA is super safe, might just do that if theres no more advisable option +The average price for a gallon of unleaded gasoline rose above $5 nationally for the first time due to increased demand from the economy reopening from the pandemic and depleted oil supplies stemming in part from the war in Ukraine. + +Prices look set to continue rising into the summer months, analysts said. + +the average national price reached $5.004 on Saturday. That’s up from about $3.07 a year ago and a record price not adjusted for inflation. At the end of the week, prices had already averaged $5 or more in about 20 states, with the highest prices on the West Coast. + +“By my calculations, the typical household is spending about $160 more on gas a month than a year ago,” said Mark Zandi, chief economist at Moody’s Analytics. “That’s a big bite.” + +Gasoline prices normally peak in mid-May, but this year they have continued to rise and the average price is about 65 cents higher than a month ago. Due to short supplies this year, analysts are forecasting that prices may not top out until mid-July, when summer driving season traditionally peaks. + +“I don’t think we’re far away” from the highest prices, said Patrick DeHaan, head of petroleum analysis at GasBuddy. “I don’t think it would eclipse $5.50. I would say $5.25 is the top, but again, the market is unhinged.” + +However, if there are any serious refinery outages this summer, or disruptions from hurricanes, gasoline prices could spike, he added. + +Gasoline is in shorter supply than normal because the U.S. has lost about 1 million barrels a day of refining capacity, since before the pandemic. At the same time, sanctions on Russian energy has sent oil prices sharply higher and created tight supplies of both oil and fuel globally. + +Analysts say while consumers are feeling pain at the pump, the price of fueling a car with gasoline is not as big a part of a household’s spending as it had been in the past. That is in part due to more efficient vehicles. + +According to a CNBC analysis, drivers were spending an estimated average 20 cents per mile on gasoline as of June this year, even with the steep price increases. In 1980, that same mile would have cost 30 cents in today’s dollars. +I just recently graduated university, and my grandparents surprised me with an incredibly generous check as a graduation gift. + +It’s just enough to pay off my student loans completely, but I’m not sure just dumping all the money to pay for my student loans is actually the smart/responsible choice. + +I have an engineering job lined up that pays well, and would allow me to pay a portion my student loans over time, even with the interest. In my mind, this potentially frees up some, or all of the graduation gift to be used in a way that makes it grow. + +I’ve heard of high-interest savings accounts, and some investment options, but I’m curious what my good options are. I don’t want to waste or risk losing the money, but I want to be smart about this. + +With the student loan payment/interest pause ending in august, I’m also curious is any debt cancellation might occur soon, and if it’s worth holding out to see what happens? + +What should I do here, and what are my options? My partner also brought up that this amount of money could be a down payment on a modest house, and I’m curious if holding out for the bubble to pop and using it for that is a good option. +For those who don't own a plane personally but fly private, what does it cost you? Jet or prop plane? I don't hate flying commercially but have flown private and the ease is incredible. I've flown as a guest on NetJets and Wheels Up but don't have the relationship with the member to ask them directly what they pay. +Spouse and I have enough to FIRE if we wanted to. I went part time last year to take care of my kids during the pandemic because my wife has a medical job. But, we're now wondering what we want to do and where we really want to live. I don't think either of us will completely give up on working until our kids are off to college because + +1. we enjoy the challenge of our careers, and +2. with young kids, quitting and living a life of travel or on a tropical island is not too realistic, and we currently get bored just sitting around at home when our kids are at school + +But after a lot of discussion we're both planning to move to part time to test the water, and full retirement is not out of the question—we want to try partial first. It seems like it would also be smart to plan for where we live to be our long term place and not move again when the kids leave for college and have to make an entirely new set of friends. + +We're in NYC right now, which costs a lot but it's also a great city. Overall cost of living would be less outside of NYC and the house would be bigger, but part of why it seems cost of living would be less would just be because the other cities are more boring: we'd have less we would want to spend out money on. I've never lived a suburban life, so maybe I'm perceiving it wrong, but I find it hard to imagine that life as fulfilling. And tax differences might not be quite as huge when income drops in full or partial retirement. + +Those of you who have retired or are considering full or partial retirement, particularly while your kids are still in school, what factors went into where you choose to live? I get the sense that a lot of people leave places like NYC to stretch their dollar further, which seems like a reasonable choice. But, I feel like we've won the game to an extent. Every calculation I've done leaves us dying with a decent chunk of money regardless of taxes and cost of living, although obviously there's still a huge difference. + +It seems like we're trying to talk ourselves into staying in NYC and continuing to spend huge amounts of money, but I'm wondering if that's a mistake. + +What factors went into your decisions about where to retire to and how did you choose between different tradeoffs? +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. +Ok, you know that tweet from GMEdd about the `secrets.txt` file in the GameStop NFT release NFT (it's the NFT with an arcade game cabinet with the names of all the people on their blockchain team)... Here's the file, and if you remove `secrets.txt` you get the NFT itself... + +secrets file: https://www.gstop-content.com/ipfs/Qmb74W13FVsp4BFTJVeSxK7viNhPVKse72ay2Si52AKrhw/secrets.txt + +the NFT: https://www.gstop-content.com/ipfs/Qmb74W13FVsp4BFTJVeSxK7viNhPVKse72ay2Si52AKrhw/ + +Okay, now, you _can_ interact with the names and controls on the game, and you can even start a game where you control a rocketship that shoots at incoming asteroids... + +Okay, but instead of doing that, load the NFT and, _with your keyboard_, type the Konami Code with the arrow keys and the B & A keys: + +↑ ↑ ↓ ↓ ← → ← → B A + +You'll get to a screen with a 3D rocket in the clouds and the words "Mission Launch" and you can click & drag it all around... + +Okay, now input the Konami Code again (again, with your keyboard) and you get a 3D ASCII skull with the words "Power to the Puzzlers" Edit 3: And it's click & draggable too... + +Keep digging y'all... I'll bet there's more!! + +Edit 1: I found this rabbit-hole at first thx to [this comment](https://np.reddit.com/r/Superstonk/comments/vxf7dz/i_love_this_simulation/ifvnhwo/?utm_source=reddit&utm_medium=web2x&context=3) by u/b0oya who noted that there's this in the `secrets.txt` file that, when you Base64 decode it, says "Konami code" + +`S29uYW1pIGNvZGU=` + +Edit 1.5: See his post about this here: https://np.reddit.com/r/Superstonk/comments/vxh382/am_going_down_some_deep_rabbit_hole_based_on_the/ + +Edit 2: Okay, if you use your browser's DevTools to inspect the HTML of this page (the one with the NFT on it), you see this in the `<head>` + +`<meta data="UEc=">` + +When you Base64 decode that you get: PG + +...and there's this as well that says "Power to the Players" when you decode it: + +`<meta secrets="UG93ZXIgdG8gdGhlIFBsYXllcnM=">` + +Edit 4: Lots of [Gunters](https://readyplayerone.fandom.com/wiki/Gunter) in this post as well: + +https://np.reddit.com/r/Superstonk/comments/vxfh3o/this_post_from_gmedd_twitter_links_a_file/ + +Edit 5: As several commenters have noted, you can zoom in/out on both the 3D rocket and the ASCII skull... I'm using the scroll-wheel on my mouse to do it, not sure if there's another way... + +Edit 6: I don't have a ton more time to devote to puzzle solving... Also, not super good at it... Be sure to watch the comments for updates -- lots of SMRT ppl working on this still -- and the other posts that are working on it too... + +Edit 7: Been mostly AFK for the afternoon, had a thought tho and just tried it out with no luck, maybe someone else can do better (or else it's nothing)... This is the first I've heard the "Power to the Explorers" phrase... And I know you view blockchain data on a 'blockchain explorer', so maybe there's something we can find when we view a certain token or wallet (etc) on one of the many blockchain explorers (eg Etherscan)....?? + +Edit 7.5: Also, as anyone who has read/seen _Ready Player One_ knows, the first video game easter egg was in the game _Adventure_... Adventure? Power to the Explorers? Eh, seems like Im grasping at straws here, probably going to bed soon... + +Edit 8: See [this comment](https://np.reddit.com/r/Superstonk/comments/vxh4o5/power_to_the_puzzlers/ifx18zv/?utm_source=reddit&utm_medium=web2x&context=3) by u/MoonlightPurity for a great pastebin of data... + +Edit 9: BTW, I have no idea if there's anything left to discover here, just gonna keep trying to journal whatever we find until we discover something or run out of ideas I guess 🤷 + +Edit 10: u/masstransience noted that there's discussion going on in Loopring's #puzzlegang room I guess? I think if you wanna follow the latest wrinkles (because I ran out of them hours ago) you might wanna jump over there... Here's the link, from the 'loopringorg' reddit page: https://discord.gg/invite/loopring + +Edit 11: Some great DD on the rug in [this post](https://np.reddit.com/r/Superstonk/comments/vxhq8t/the_rabbit_hole_continues_the_official_nft_links/)... Probably some other great posts going on out there too, so be sure to look around... + +Edit 12: LOVE YOU APES! Also, thank you all for the updoots and awards 🥰 I'm doing my best to updoot/award/reply to all the comments, etc... + +Edit 13, the next day: Looks like we've figured-out the rug... That may've been the last unknown thing... Unless there's anything else we have yet to discover, or if anyone's already discovered anything new (I'm just reading through my notifications now...) Per u/calforhelp: "u/rarequark has solved the rug portion over on the GME sub. Check their profile for the post." +Remember when the bull was strong and unstoppable, most people around me wanted to buy BTC. Most of them said and hoped that if BTC was still 30K I would have bought a shit ton of it. + +Those mates of mine now still do not buy and are hoping for it to dip to 10k or less. I told them that it is very unlikely. Not impossible but very unlikely. They still held strong and didn't want to buy till it dips more and I believe they won't even if it does. + +There is a saying and it goes something like this: + +**"If you cannot love (buy) me (crypto) on a discount, you don't deserve me when I bull"** +Edit: IPO\* *Sorry for the title being all jacked up, I write these things sloppy thinking maybe 10 people will see it.* + +MSM, these brokers, literally doing everything in their power to push FUD onto GameStop and crush any momentum. It is no accident this headline stayed on top all day. + +*7 Potential IPOs in 2022: Discord, OpenSea...* + +https://preview.redd.it/3abtdv3cel881.jpg?width=1136&format=pjpg&auto=webp&s=afeb49953eb908419f82630c2992d6c645da1da5 + +To be honest, at first I couldn't even figure out why that headline was on the GME ticker to begin with. Must be some typical fluff in the article where they mention GME to make sure they attach this misleading headline to the ticker. Then it hit me, "Oh, they are responding through headlines to the superstonk reddit posts that created the current NFT Marketplace hype. WTF?" + +&#x200B; + +Let's make this clear, they do not want GameStop NFT marketplace to be successful. This breaks the mold about what they thought GameStop was, what and why they were shorting, and even what they thought it was going to be going forward. This nft marketplace isn't just GameStop moving into e-commerce, which they can compare to other companies attempting the same and easily fud as GameStop makes this transition. This marketplace is a **game**changer. *Enough of a gamechanger that MSM is prematurely trying to push another nft marketplace into IPO territory.* Yesterday I made a post stating that GameStop NFT marketplace would be the only public company that had a NFT marketplace, which could lead to other major companies interested in creating NFTs being open to working with them. The brand is on the public market, trustworthy, and accountable. This made the front page. Sure enough, the following day MSM releases a fallacious headline mentioning OpenSea being a possible IPO for 2022. Because, well, anything is *possible* right? I guess it's not a lie if its possible. + +They read our reddit and literally the next day counter any buzz points we make with **misleading** headlines. This was no coincidence. + +So what do I do? I look into it. + +The headline is deceptive, as opensea has publicly stated they are not planning an IPO. On December 9, 2021, after a huge backlash within the OpenSea community, Chief financial officer Brian Roberts, is quoted as saying: + +“Let me set the record straight: there is a big gap between thinking about what an IPO might eventually look like & actively planning one. **We are not planning an IPO,** and if we ever did, we would look to involve the community.” + +Of course MSM ignores that, as that doesn't help stop GME's momentum. Benzinga creates the headline, throws GME in the article with some fluff point to make sure it stickies to your ticker, and the brokers sit it right on top your favorite stonks news feed all day (and night). + +Anyway. I no longer believe anything with the GME ticker is a coincidence, glitch, or accident. They see the momentum with the NFT marketplace, GameStop being a known brand, a publicly traded company, and hopefully first in the race to bring a NFT marketplace to the table for mainstream projects and releases (games, exclusive game items, collectables in nft form, sports collectables \*no longer need to pay to have a sports card verified authentic - nft does this for you\*, movie collectables, shoe collectables \*no longer need to keep our receipts due to counterfeiting\*). If you believe in this group of guys running the company then you know they have bigger ideas than just transitioning to e-commerce. The marketplace shows us that. MSM can't let this happen and these fucking guys will stop at nothing. They have name recognition, 1.4b on the back burner, no debt, and a markerplace in the works that could be a gamechanger (see the great reply below to see what this marketplace could mean for GameStop). The bottom line is, this headline actually reinforces what we already knew, the new marketplace is a company changer, or a whole new company within a company. Bullish. + +&#x200B; + +[This reply below needs more eyes on it. Know what you hold!](https://preview.redd.it/6qjgnw172o881.jpg?width=567&format=pjpg&auto=webp&s=96cb1ce94591f0b3a977947b0285bc61f50cd187) + +And to reiterate, THIS IS WHY GME KEEP THEIR PLANS QUIET. They know the media is against them and will purposely do the above to ANYTHING they announce. +****************** +**Disclaimer.** Before you start a 2nd mortgage to go long on eth: +This is a super early look into what I have found. I still need to do a full transaction analysis but that will take time. That should let me know what contracts all these strings belong to. For now the info I found should be taken with a grain of salt. For all we know they could all be part of some kid's school project. +***************** +I got curious this last weekend and started running some strings searches inside the leveldb files that make up the ethereum blockchain. +basically this: + + strings *.ldb | grep companyname + +To my surprise I found some companies inside. Here is a snippet : + +* 024855.ldb: Tesla Motors, Inc.z2 +* 418686.ldb: Apple Inc. +* 024855.ldb: Apple Inc.z* +* 420119.ldb: Shipping Inc. +* 420135.ldb: Netflix, Inc.z- +* 418777.ldb: Netflix, Inc. +* 420053.ldb: Viacom Inc.z+ +* 418887.ldb: GeoTrust Inc.1 0 +* 418889.ldb: Uber Inc. Series D Stop +* 419738.ldb: Shanghai Inc. +* 420119.ldb: Shipping Inc. +* 420135.ldb: Netflix, Inc.z- +* 420161.ldb: Applied Materials, Inc. +* 420164.ldb: RInca6 +* 420164.ldb: Incorrect num pl +* 420188.ldb: Siriux XM Holding Inc.z6 +* 420246.ldb: Apple Inc.z* +* 420284.ldb: Property Deed. Inc. Flor. +* 420285.ldb: JD.com, Inc.z, +* 420625.ldb: HempE Distribution Inc ValueB. +* 420627.ldb: RInca6 +* 420658.ldb: Cisco Systems, Inc.z3 +* 420715.ldb: PayPal Holdings, Inc.z5 +* 420757.ldb: Incent Coffee Token. +* 422065.ldb: Micron Technology, Inc. +* 422305.ldb: Dubai Construction Inc + +Also found visa assets: + +* 421065.ldb: VisaLoyalty +* 421133.ldb: Test Asset by David for Visa +* 422141.ldb: Asset by visa +* 422244.ldb: Visa Cash + +And ford lol: + +* 024831.ldb: $fordmotorsb + + +Next steps are to run a script to dump all transaction data to a db and reference it with parent block and transaction hash. I can then search through the data for the companies above. Once transaction hashes are found, you can backtrack the transactions and see what contracts they interact with. This should help clarify what all is being built. Might all end up being some college project. + + +edit: formatting +Hi everyone, hoping someone can provide some useful insight, tips or experience to help me help my dad! + +A bit of background, my parents live together, they're in their 40's and I have a younger sibling in high school. My mother has a chronic illness meaning she struggles to help my dad with his job, or get a job elsewhere for that matter. They run a tiny 15ft x 7ft staff canteen by themselves, which only seats ~30 at a time, so customer turnover rate is quite high (takes 10 seconds to tend a customer, and they get about 10 minutes to eat). They feed around 100 heads twice/three times a day. In September I left home for University, and prior to leaving, any days I had in school where I had no lessons I would go work with him to relieve the pressure. But now I've gone, he's really struggling and just looks like death incarnate. + +So the basic rundown of the canteen is that my dad does *almost* everything, he; + + +* Cooks everything +* Preps everything +* Learns and fixes most broken appliances (because the kitchen is bottom of the list in the maintenance departments priorities) +* Shops for all his produce +* Transports all produce on a daily basis +* Runs the financial side of the business +* Ensures he complies with food hygiene and operating regulations + +The only thing he doesn't do is the washing up, which my mother/other employee does, but obviously with her chronic illness she struggles to keep up with the pace. Sometimes he has a part time employee in who does the washing up, but she has children so she doesn't get into work until 9:30 on the days she's in work because she has to take her kids to school, plus he really struggles to have enough money spare to pay staff. + +Money isn't necessarily an issue, but he's a contracted employee - therefore he gets a salary from the company and any staffing, stock or operation is his responsibility/cost, they simply provide him with a **tiny** kitchen (bare in mind the size I mentioned earlier includes the worktops and appliances, so floor space is maybe 3ft wide by 15ft long) and customers to feed. We aren't in any debt, but we don't have any savings or fixed assets whatsoever (car is on it's last limb, costing £2000 a year to maintain, and we can't afford a new one). + +I must mention as well he only has two 8ft tall fridges to store his stock in, and a small chest freezer - one fridge for drinks and one for food - so the idea of buying in bulk and storing is not an option, the fridges are rammed with one day worth of stock. We can't buy in advance and get it delivered, unless we could save up to buy a chest fridge/freezer - but that would have to come out of our own pocket, and we'd have to pay to run it ourselves. + +My dad has asked for the company to build a extension onto the kitchen so he can have more storage and prep area, but they said the kitchen runs well as it is, so a extension isn't necessary. + +Now, I'll give a brief rundown of my dad's day-to-day life. + +Time|Activity +:--|:-- +5:00|Wake Up, get ready +5:30|Call butchers and order meats +6:00|Drive to butchers and pick up meat +7:00|Arrive at work, unpack 12 bags of food/drink and start prepping breakfast +7:50|Make up ordered toasties (usually 10) +8:00|Have food ready (Full English, enough to serve 100 heads) +8:05|Smoke break +8:15|Service starts +10:00|Service ends, smoke break +10:05|start prepping lunch and cleaning up kitchen & canteen from breakfast (tray's have to be soaked to remove grease/fat so can't cook anything until 10:30 +12:00|Finish lunch prep for 100 heads, restock drinks fridge +12:15|Service starts +14:00|Service finishes, clean up from lunch +15:00|Finished clean up, stock check and clean canteen/kitchen. +16:00|*sometimes* he will have to stay to offer tea/cake/coffee if the workers have to stay later **if not** he is home at this time +17:00|After changing out of work clothes, picking my sibling up from her bus and walking our dog he gets ready to shop +19:30|Has gone to all supermarkets to get his stock for the next day +20:00|Showers and has a tiny portion of dinner, starts tallying up money owed from people on booking rather than cash payments +21:00|Finishes book keeping and relaxes +22:00|Spends some time with my sibling and helps her with homework +23:00|Goes to sleep + +As you can imagine, this takes a toll on the system. He does this every weekday and shops on a Sunday so he has stock for a Monday. He's done that for the past 7 years, and in that time has never had a sick-day, and only 4 weeks of cumulative holiday (excluding Saturday). He's lost 4 stone since he started, he's a 6ft man who weighs 10st. His blood pressure is through the roof, he eats one tiny portion of dinner a day and keeps awake on lots of coffee and sugary snacks. + +I'm personally into fitness and health, so I try to introduce him to healthy foods that he can snack on - but after cooking all day he can't stand to cook again, let alone eat food. + +I'm seriously worried for him, because the doctors have said that if he keeps doing what he's doing his heart is likely to give out any time from the physical and mental stress he puts himself through. He hates his life, but he's such a family man that he does it so there's food on the table and that I never went without so I had the resources to allow me to go to University. + +I'm open to absolutely any ideas, proposals, tips, tricks or anything that I can tell him to make his life somewhat easier! + +**EDIT: Thanks to everyone for their kind contributions and time they took to write any responses. I've had a thorough read through all the comments and have had a lot of people back up my thoughts, and also have helped shed some light on other things like legality. Also, I'd like to apologise to any people who have conceived that I'm being stubborn. I don't mean to be whatsoever, I'm just trying to engage in active conversation and I'm doing my best to provide further insight, which is coming across as more stubbornness. So again, sorry if I made things difficult for some people. Again, thanks to everyone for their time and effort, I hope my dad can take something away when he finally reads this.** +So I'm 19 year old uni student with a bit of money saved up in my compound interest acc (25k) but I wanna learn to invest in stocks and etc. What's the best way/resources? +Ethereum address: [https://etherscan.io/address/0x664638c364299bbd343d07d7ad0c89df7a339198](https://etherscan.io/address/0x664638c364299bbd343d07d7ad0c89df7a339198#tokentxns). + +Here's my previous thread about the address: https://www.reddit.com/r/Superstonk/comments/otdhum/the_ethereum_address_ive_been_following_with_the/. + +Potentially one transaction of $16,588.95158 away from there being enough to represent every one of the [74.38m outstanding shares](https://finance.yahoo.com/quote/GME/key-statistics/) at $0.001 a share, which is what their value is in the current depository they're held. Please keep in mind this is speculative and it's possible this ends up being a nothing burger, but it is a real possibility IMO, either way I will continue to buy and hold. 🚀 + +|date|amount| +:--|--:| +|8/02/21|9,996.27069| +|7/28/21|5,084.306187| +|7/15/21|3,374.754044| +|7/15/21|19| +|6/27/21|7,173.55795| +|6/23/21|10,594.888128| +|4/26/21|21,548.271421| +|total|57,791.04842| + +edit: **Why was this was debunked?** + +edit 8/5/21: Still haven't heard why this is considered debunked, and **in my opinion it hasn't been debunked only more confirmation** towards it being true as there was a new transfer today of $19,994.098482 bringing the total amount to 77,785.146902! Looks like there's enough to represent every outstanding share! If anyone has the official count for the outstanding shares, please share as the Yahoo number I've been told is low. + +|date|amount| +:--|--:| +|8/05/21|19,994.098482| +|8/02/21|9,996.27069| +|7/28/21|5,084.306187| +|7/15/21|3,374.754044| +|7/15/21|19| +|6/27/21|7,173.55795| +|6/23/21|10,594.888128| +|4/26/21|21,548.271421| +|total|77,785.146902| +Then this is your friendly reminder not to just post about it on Twitter and Reddit, but to report that hard evidence to the organizations that are supposed to be doing something about it! + +Do not just post it, report it to SEC, FINRA, FBI! + +https://www.sec.gov/whistleblower + +https://www.finra.org/contact-finra/file-tip + +https://tips.fbi.gov/ + +**ETA:** u/Jasonhardon had some excellent additional finds of places that can be reported to! Please check them out! + +https://fliphtml5.com/bookcase/kosyg + +https://medium.com/@BraveNewFilms.org/heres-how-to-contact-all-535-members-of-united-states-congress-call-email-tweet-20b8a1c54195 + +tips@rollingstone.com + +https://www.rollingstone.com/feature/wall-streets-naked-swindle-194908/ + +https://www.esma.europa.eu/regulation/post-trading/settlement + +https://www.sec.gov/whistleblower + +https://www.dtcc.com/client-center + +https://www.nasaa.org/contact-your-regulator/ + +SEC hotline for prevention of share transfers (800) 732-0330 +investor.gov | SEC.gov + +FINRA (301) 590-6500 +FINRA.org/Investors + +NASAA - North American Securities Administrators Association (202) 737-0900 +NASAA.org + +https://www.ftc.gov/faq/consumer-protection/submit-consumer-complaint-ftc + +https://www.bbb.org/ + +investorrelations@gamestop.com + +The IRS takes things like this extremely seriously. + +If you feel it's right for you, send them a form 3949 informational referral. https://www.irs.gov/individuals/how-do-you-report-suspected-tax-fraud-activity + +I would personally mark >false/altered documents< in section B, plug in Robinhoods info and print your receipts + +Chair Gary Gensler 202-551-2100 Chair@sec.gov + +Allison Herren Lee (202) 551-2800 CommissionerLee@sec.gov + +https://www.sec.gov/oiea/Complaint.html + +U.S. Secret Service +245 Murray Ln SW - BLDG T-5, +Washington, DC 20223 +202-406-5708 + +https://www.secretservice.gov/contact/field-offices + +https://www.fbi.gov/tips + +https://www.consumerfinance.gov/complaint/ + +"Presidential" financial fraud task forces I found. + +https://www.fincen.gov/financial-fraud-enforcement-task-force-ffetf + +https://www.justice.gov/fraudtaskforce + +https://www.fincen.gov/contact + +Dave Lauer’s new website +https://www.urvin.finance/advocacy?intercom +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! + +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! + +https://www.bloomberg.com/news/articles/2020-06-04/u-s-jobless-claims-understate-reality-with-gaps-in-federal-data + +"The U.S. Labor Department’s weekly jobless claims report has yet to reflect at least half a million filings for a federal pandemic program, with data reporting lagging behind payouts. + +Florida, Alabama, Arizona, Hawaii and West Virginia are among 18 states that showed zero initial claims under pandemic unemployment assistance, or PUA, in the Labor Department’s weekly report last Thursday. But the same states have actually received at least half a million in combined claims through the program -- established by the CARES Act -- which is aimed at helping those typically not eligible for regular state benefits, including the self-employed and gig workers. + +The gulf between the Labor Department’s data and state numbers -- compiled by Bloomberg News through state press releases, comments by officials and related data -- indicates the labor-market hit from the coronavirus may be more widespread than thought. While it doesn’t significantly alter the overall picture of mass unemployment as tens of millions of Americans have filed for benefits since mid-March, the undercounting further complicates closely watched data already beset by other errors and distortions." +Hi, I'm currently debating between putting money into QQQ and/or one or more of the ARK funds (have not decided on which). I have already set up contributions for my 401k (100% FXIAX) and my Roth IRA (100% VTWAX), and would like something to invest in a taxable account that's even more aggressive than the retirement picks. I'm fresh out of college so I have a high risk tolerance. What would y'all recommend? I'm interested in getting greater exposure in tech, but I'm assuming an ETF is still "safer" than outright buying a stock like Tesla? But what about an individual stock like Google? Thanks. +I am tired of losing money this week... just give out some insider trader please?? + +Remember this is a community to learn. + +**Downvotes are discouraged** + +**Add** 🚀🚀🚀 **and give rewards to tickers you put mortgage on** + +**Use $SYMBOL FORMAT** ($BB or $[BB.TO](https://BB.TO)) + +*Add a quick WOOOO BACK BABY to your comment* +**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.* +Hey there! + +Using Google Finance, one can easily track Indexes, Stocks, Currencies, and Mutual Funds in Google Sheets. + +Microsoft has launched the same feature with Office 365. I am able to track Indian stocks but unable to track Mutual Funds. + +Does anyone here know what's the formula to track MFs via Office 365? +My realtor friends are all saying buy now cause rates are low. I am 37 and have lived with my father my whole life(we split rent etc). I have 13k saved at the moment with no debt. I made some mistakes in my 20s and built up some large debt that I finally paid off a few years ago. I'm on pace to save 18k by the year mark of when I started saving. Would you guys just keep saving for a while? I want to be on my own badly but I'm saving so much right now. + +My dream homes run about 170k. I've been looking more down around 130k though. I refuse to be house poor so I'm planning my mortgage and utilities to be 33% of my monthly pay. + +Renting is not really an option, I want a nice garage to work on cars etc. + +Thank you for any advice. +Hi guys, + +Stagflation = high unemployment + high inflation + +We had this in the 70’s; in this scenario if rates go up, debts get more expense and layoffs happen. Therefore unemployment goes *up*. + +If rates go down and we do QE, inflation goes *up*. + +If we do nothing, then inflation gets worse as it’s self re-enforcing, and unemployment gets higher as people consume less due to rising inflation and that means companies make less money leading to more layoffs… + +How did the 1970’s get out of this pickle??? + +Thanks. +Sugarland came in existence to bring a sweet touch in the sea of BSC tokens & NFTs bringing an outstanding concept of Citizen NFTs as characters to unlock the Sugarland ecosystem. + + + +1) Diamond NFTs - Whale Cards won by Diamond Hand Holders & comes with SUGAR rewards + +Minting Starts Soon + + + +2) Citizens NFT - can be minted using SUGAR tokens and a fixed mint price. + +Coming Soon + + + +3) SugarFactory Dapp - One stop dapp to access all Sugarland Products & Features from reflections tracking to NFT minting to Governance + + + +4) Metaverse marketplace - One of a kind Multi Chain Marketplace Coming 2022 + + + +5) Future Metaverse Production - Economy based Metaverse with Land Parcels & Character Interaction. + + + +Sugarland has a vast roadmap & a confident Team & Community to take thi project to moon. Team plans to do massive Marketing Boost. + + + +Tax structure has 12% on all Buys, Sells & Transfers + + + +Reflections 1% + +Liquidity 4% + +Growth 7% + + + +Total Supply is just 1 Billion (1,000,000,000) + + + +Currently in a dip and at discounted prices. Checout TG community and follow the website. Team often does Sugar Rush Hours with 0% Buy Taxes. + + + +Upcoming is Certik Audit & Diamond NFTs Launch. + + + +TG - [https://t.me/SugarlandChat](https://t.me/SugarlandChat) + +Twitter - [https://twwiter.com/SugarlandCoin](https://twwiter.com/SugarlandCoin) + +Website - [https://www.SugarlandCoin.com](https://www.SugarlandCoin.com) + + + +Contract - 0xcb2adbca6f15e9b3f1d98fce57ac48a093f34fa9 +My firm manages a portfolio of around 9,000 apartment units primary in the Midwest and as of yesterday we were at 92% collected. Like most months the majority is paid before the 6th with the reminder trickling in before the end of the month. + +So far it looks like another normal month. Our collections in April exceeded March due to a higher GPR. + +We keep waiting for it to get really bad, but if we just look at our income statements it looks like business as usual. + +We actually had our strongest week for new leases last week. + +What is everyone else seeing out there? +KMD is now at 1.15 (15% higher than where I sold) + +Z1P is now at 5.5 (12% lower than where I bought) + +I am the crown autist + +Update: I have doubled down on Z1P at 5.5 because I want to stretch my degeneracy further +Hey algotraders, + +&#x200B; + +You might already know me for pygooglenews and newscatcher Python packages. + +&#x200B; + +I am going to build a financial (NYSE/NASDAQ) tickers news API. I will read each and every comment here, so do not hesitate to leave your detailed request. + +&#x200B; + +I saw a lot of demand for financial news API while working for NewsCatcherAPI. NewsCatcherAPI is not well fitted for this purpose so I decided to make it a separate more advanced product for it. + +&#x200B; + +I went through almost all the posts here that talk about stock news APIs. Foud some interesting opinions (and 0 people saying they use such data for algotrading, lol) + +&#x200B; + +But still, many corporate clients come to me from financial/trading background (some of those are 10m+ capitalization firms) + +&#x200B; + +# What I am actually planning to do + +1. First of all, I already have access to 350-500k news articles per day (because of NewsCatcher). And generally, I've been working with collecting news data for more than a year, so I know a lot of hidden pitfalls already. That's experience, came with time. +2. Each English article I will scan for mention of any company from NYSE/NASDAQ. I already have some basic dataset with ticker + official company name + most used company name (ZM + Zoom Video Communications, Inc. + Zoom). **But if you have such one or know where I could get/scrape it, please let me know** +3. If article mentions at least one company it ends up in our database. +4. I count how many times each stock gets mentioned in this article. +5. I get all the basic data (text sentiment, published DateTime, title, text, URL, etc) +6. Trying to catch important news: the company won a gov contract. company is buying another company. M&A. **What else should I be looking for here?** + +&#x200B; + +&#x200B; + +Questions to the community: + +1. Anyone here ACTUALLY using news data feeds for algotrading? +2. How much of a delay from news being published to it being available in API is OK (ASAP I understand) +3. What to search for in the news headlines/text: contracts, acquisition, etc +4. List of all companies with alternative names? +5. What else would you need and why? + +&#x200B; + +Any personal questions or waitlist: DM me. +*This is not financial advice.* + +It appears that Citadel has given up attempting to convince us that a squeeze is unlikely with their latest tactic seen here: + +[How do you do, fellow stock buyers?](https://preview.redd.it/msaleh150gu61.png?width=640&format=png&auto=webp&s=f176dd5abbe507a2e04b1649a9e969f80de960ef) + +This means a couple of things: + +1. Citadel has realized they can no longer prevent the inevitable, and are showing that through their shills changing tactics +2. Since they are showing they know a squeeze, their FUD is focused on getting a more comfortable price for them and their creditors, meaning that $5,000 a share is something they can afford. +3. Their goal is likely to shake some paperhands into selling in the thousands range, taking away fuel from the rocket. +4. They are very bad at coming up with shill account names. StockBuyerC is the most pathetic boomer attempt at pretending to be one of the apes. + +I personally think that Citadel and their banking friends have determined that a squeeze can no longer be delayed, especially with megawhale BlackRock toting a share recall as well as the new SEC rules approaching imminent approval and enforcement. + +For this little stunt of theirs, I have decided to raise my floor to 100 million a share. Suck on that, Kenny. + + +*TL;DR: Citadel and their creditors have realized they can't stop the squeeze and are now focused on having paperhands cash out in the thousand dollar range, meaning they would be comfortable paying that amount. Apes Together Strong.* +In case you've never heard the expression, it comes from British bombing crews in WWII. With the HUGE uptick in FUD of all manner, if you have any doubts, just remember that they wouldn't talk about us if we weren't relevant. + +They wouldn't have have delayed swaps reporting till 2023 **THE DAY** after it gained traction if there was nothing to it. + +~~They wouldn't have deleted the~~ [DTC VIDEO](https://bafybeib6xbafn75lo5tegbcl2kuoro3ccsgm3umhziaevq3apyf7y56r7u.ipfs.w3s.link/x6rysc_post_superstonk_video.mp4) ~~about the tip of the iceberg of fails vs actual shorts under the water if there wasn't anything to it.~~ edit: apparently the videos still up, I don't know what ape historian was talking about, my bad. [original link](https://www.dtcc.com/dtcc-connection/articles/2022/august/02/improving-settlement-rates-by-ignoring-them) + +They wouldn't file frivolous lawsuits against RC and towel stock executives. + +They wouldn't hire shills to run campaigns against us. + +They wouldn't lie to us about how the Split was delivered. + +They wouldn't work all night. + +They wouldn't borrow $600 million dollars and fly all over gods creation if they weren't in trouble. + +Inumerable other things I missed, they wouldn't bother with us + +#UNLESS WE WERE RIGHT +So with many companies normalising working from home, jobs that offer working from home is a lot more common now. Currently I WFH 4/5 days a week, looks like i will be getting an offer at another firm that is less flexible on the working from home part, not sure how much I should push for it to be worth 2 hours commute each day. What amount more would make it worth it to starting going in the office again? +My question focuses on the second part of FIRE, retiring early. What do you all plan to do with your time once you finally retire? I have been thinking of things and here is my list below. Would love any additions! + +&#x200B; + +Multi day hikes, camp, stargaze + +Travel/Cruise/Rv + +Read, learn, free lecture, know nothing and become an expert at it + +Instrument, Mix, write song, choir, singing lessons + +Running, bike + +Golf, tennis, new sport/ extreme sports + +Scuba/snorkel/kayak/surf + +Meditation, Yoga, Tai chi, stretch, church + +Cook/bake(techniques), wine, beer, drinking, tasting, fermenting, coffee brewing + +Mixology/ bartending/ brewing/ wine making + +Sports/running/workout clubs. + +Theatre club, Improv, acting, modeling + +Rock climbing + +Dance + +Movies + +Chess + +Wood shop. Wood carving + +Badminton, Volleyball, Paragliding + +Body building, cross fit, martial arts + +Astronomy + +Photography + +Pubs clubs wineries breweries + +Live music/concerts/music festivals + +Shows and plays + +Family and Friends, Socialize + +Carpentry, Restoration & reinvention, Mosaics + +Upcycling + +Grow own veggies, chicken eggs, hydroponic + +Write app/computer program/ Build robot/electronics + +Fly plane + +Writing + +Zoology + +Book Club + +Art, Painting + +Non profit/ volunteering, Peace Corps, volunteer abroad + +Tutor, help less fortunate, teach English + +Animal rescue/foster, train seeing eye dogs + +Build a home + +Create a game + +Invention +Given the context of this group (making a shit ton of money) whatever you end up with could put you at risk of things like ransom kidnapping. + +This is not a fucking joke, blur out their faces. Please. MODS PLEASE DONT LET PEOPLE POST PICTURES OF THEIR CHILDREN. + +Edit: I’m talking about posting pictures in this sub and other GME subs. However, if you post in another sub it is still linked to your name. + +Whether you post on social media is your call, if you don’t display your wealth or you have private socials then I don’t see a problem. + +The biggest risk comes from people knowing that there will be millionaires made in the sub and that makes you a target. Don’t make it easier by showing them your kids faces. +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) +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! + +I am not going to blame anyone here for [Afri's departure,](https://twitter.com/5chdn/status/1097786258976325632) but I hope we all learned something from this (community and devs alike). I don't regret writing [my post](https://www.reddit.com/r/ethereum/comments/ar2xxh/on_the_economic_incentives_of_parity_for_ethereum/) the other day, because what I said there absolutely needed to be said (in my opinion). But I now deeply regret the timing of it, especially if it in some way fomented extremist responses which contributed to this outcome, despite my attempts to decry those responses. I will try to be more cognizant of timing and forum moving forward when I post, but I will continue to constructively say things I think need to be said. Everyone else should feel free to constructively disagree with them. + +A vocal minority here weren't interested in that discussion of structural COIs I mentioned- they just wanted blood. That is unacceptable, and if it happens again, I call upon all responsible community members here to reject it. But I do recognize that it was a just minority of folks here. I believe the vast Ethereum community is well-intentioned, and remains focused on the goal of decentralizing the world. + +That being said, there are ways to be provocative on Twitter as a prominent community member, and still be respectful to the communities you serve. I can only wish that Afri had appended original tweets with a "I say this because I love Ethereum, not because I hate it. I say it because I want us to succeed, but we cannot be complacent." Given his contributions and the feelings in his heart, he may have felt he didn't need to add a qualifier like that. I can't imagine how different things might have been, or maybe they wouldn't have been different at all. But [Poe's Law](https://en.wikipedia.org/wiki/Poe%27s_law) affects the masses, but I disagree with the statement that those masses are purely an uninformed and blood-thirsty mob. Many are part of a concerned and active community who want to see Ethereum succeed, but do not have the benefit of knowing each of the devs personally and implicitly understanding the intent of every comment they write. + +And right now, I will say thank you, Afri /u/5chdn. I'm incredibly sad to see you go and I hope you will reconsider. Your contributions to Ethereum have been incredible, and I do not think you should let a few angry voices chase you away like this. I promise you they don't represent the vast majority of this community. Step back from the coordination role you have been playing if you want, but don't leave. With that, I hope this is just a "see you later" and not a permanent goodbye. Either way, thank you, and remember that many of us will always consider you to be a part of this community, even if you no longer want to be a part of it. + +I hope we can move forward as a community after these incredibly unfortunate events. If this polarizes our community into a "devs versus plebs," I will be incredibly upset, and I will do my best to ensure that doesn't happen. + +**To our devs,** we love you guys (and gals). You do so much for our community and for the world, and we believe that you are creating the decentralized future. We don't seek perfection from you, but we seek mutual respect (and we need to do our part there, too) and some transparency. We want avenues to constructively provide feedback on how our community operates, but we don't expect to dictate anything. We trust your decisions in most cases, but want our voices heard. We love that you love Ethereum, and we want to see you just as excited about it as we are. Feel free to respectfully point out flaws in our network and community as a way to spur action, but remember that for some here, when you offer unqualified insults Ethereum, it's like you're insulting them personally. I'm not saying that's right, I'm just saying it's how some feel. + +**To our community more broadly,** I love you guys, too. And for the most part, I think our devs do, too. ETH investors aren't just speculators. We are indirect funders of development (by creating liquidity / demand for ETH), beta testers, active users, dedicated platform promoters, use case imaginers, community participants & leaders, on-boarders, and bridges to the "real" world. *But we need to do our part to call out irresponsible comments and reject extremist tendencies.* If we want to be a part of the discussion, we need to show that we're capable of contributing to civilized, informed discussion. We need to discuss issues we are passionate about, not ad hominem attacks on others (which are ALWAYS unacceptable). And we need to acknowledge that our community is infiltrated at times by those who seek to sow discord. We must fight actively against that. +The courts have decided that Vodafone dues to the government need to be paid and there is no deferment on the same. Will this have an impact on Franklin Ultra Short Term Bond Fund? + +They had created a side pocket a few months ago, has that been used? + + +https://www.google.com/amp/s/www.livemint.com/companies/news/sc-rejects-bharti-airtel-vodafone-plea-to-review-agr-judgement/amp-11579162443418.html +House listed with a guide price of £210k to £240k. Value of 2 bedroom terraced houses in the area haven't gone up much so we offered £205k. (Some websites online suggested the price has dropped). We're first time buyers with no chain so we know that has value and all of our ducks are a line so would be able to move quickly too. + +Estate agent called back within a few minutes and said the offer is too low and to make an offer between the guide prices. + +Should we sit quietly in the hopes that they will consider the 205k? Or was it cheeky to go below the guide price? + +No other offers on the house yet from anyone else. + +Update: Offered 210k, rejected again and was told they're looking for the mid to higher end - so £220k+ at least. +With social activities largely on hiatus we’re accumulating quite the budgetary surplus. Spending in March and April is at ~70% of typical. I expect May through August to be even worse as we forego our usual European summer travel. I’m estimating at least $100,000 will go unspent if we don’t act. + +Money doesn’t buy happiness, but travel makes us happy and costs money. Travel is how we would normally abate boredom, but that’s not happening this year. So I ask you r/FatFIRE: + +How are you buying happiness in these socially distant times? +I just done a quick count of the constituents of the FTSE 100, and 20% of them are companies listed in sectors in the title: 11 diversified financials (LSE group, M&G, Hargreaves Lansdown etc), 6 insurance companies (Aviva, Prudential etc), and 3 banks. Combined with the amount of mining companies and tobacco/defense you're exposed to it doesn't look appealing. + +I am however bullish on a lot of companies in the index (JD Sports, Ocado, Rolls-Royce) and was wondering if there was an index which tracked companies more like these? +This sub and many others like it are the true media. + +DD that is confirmed or debunked - This is one of the most powerful weapons we have against the financial tyranny that is thrown down on the 99%. + +They try to use our sub against our community - this is called guerrilla warfare, by inserting bots, shills and articles of debunked DD. As of yet, nothing has debunked our solid DD. + +We see their tactics of manipulation and we soldier on. + +Make no mistake this is financial warfare, not just for ourselves but also our loved ones, we fight the good fight so we can take back what we all cry, sweat and bleed for every day of our lives. + +That is why MOASS IS INEVITABLE. + +Yours sincerely + +Trust me bro. For real this time 😉 + +Edit: grammar +Initially found on the Lehman brothers Wikipedia Page: + + +https://en.m.wikipedia.org/wiki/Lehman_Brothers + +> What followed [The Lehman Brothers Collapse] was what many have called the "perfect storm" of economic distress factors and eventually a $700bn bailout package (Troubled Asset Relief Program) prepared by Henry Paulson, Secretary of the Treasury, and approved by Congress. The Dow eventually closed at a new six-year low of 7,552.29 on November 20, followed by a further drop to 6626 by March of the next year. + + +Fun Fact: Henry Paulson was the CEO of Goldman Sachs before becoming Treasury Secretary. + +**TARP Basics:** + +> The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector that was passed by Congress and signed into law by President George Bush. It was a component of the government's measures in 2009 to address the subprime mortgage crisis. + +> The TARP originally authorized expenditures of $700 billion. The Emergency Economic Stabilization Act of 2008 created the TARP. The Dodd–Frank Wall Street Reform and Consumer Protection Act, signed into law in 2010, reduced the amount authorized to $475 billion. By October 11, 2012, the Congressional Budget Office (CBO) stated that total disbursements would be $431 billion, and estimated the total cost, including grants for mortgage programs that have not yet been made, would be $24 billion.[1] + +> On December 19, 2014, the U.S. Treasury sold its remaining holdings of Ally Financial, essentially ending the program. + +**Source & More on TARP:** + +https://en.m.wikipedia.org/wiki/Troubled_Asset_Relief_Program + +I think this needs to be something that we look into more in depth. I know I’ll be looking into it. It could be very beneficial to understand what the SHFs next moves could be. We know all about GameStop and the markets but I think we could add a little more knowledge about our enemies. + +“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.” -Sun Tzu + +Edit: formatting +From past few days I am getting random OTP sms messages from my bank for a supposed request initiated through Internet Banking, even though I have not initiated any of these requests. + +I am worried that someone else might be making these requests. Anyone faced anything similar? Am I being paranoid or should I be worried? what steps should I take to safeguard myself? + +Thanks in advance! +Let's say we're at the top of the next bubble and we've all made it through and it looks like we might have another crash coming up, so it's time to get out for a while. Now what? Most of us have never been rich before and don't have offshore secret accounts and wouldn't even know how to set one up. Financial advisers won't help us out because we don't have the money in a form they're used to. Getting our funds out of Coinbase will have huge tax implications (US). And it's not highly likely cryptos will be universally accepted at that point (I can't just buy a house anywhere, and there's still tax implications). I'm not trying to avoid taxes, but I want to be smart about it. At this time, just moving to a stable coin is a taxable event. + +So, what are your exit strategies? Have you thought that far and have a plan, or are you winging it like me? I have some time to figure it out, but it'll run out before we know it. + +P.S. I know eventually everyone's going to use crypto, but I'm talking about in the medium term. I'll get back in again. +Let's say we're at the top of the next bubble and we've all made it through and it looks like we might have another crash coming up, so it's time to get out for a while. Now what? Most of us have never been rich before and don't have offshore secret accounts and wouldn't even know how to set one up. Financial advisers won't help us out because we don't have the money in a form they're used to. Getting our funds out of Coinbase will have huge tax implications (US). And it's not highly likely cryptos will be universally accepted at that point (I can't just buy a house anywhere, and there's still tax implications). I'm not trying to avoid taxes, but I want to be smart about it. At this time, just moving to a stable coin is a taxable event. + +So, what are your exit strategies? Have you thought that far and have a plan, or are you winging it like me? I have some time to figure it out, but it'll run out before we know it. + +P.S. I know eventually everyone's going to use crypto, but I'm talking about in the medium term. I'll get back in again. +I’ve posted numerous times and have always received great advice, so I want to say thank you in advance. So 2 years ago I separated with my wife and moved back to my home town with my mother/sister/grandparents because I needed help with my kids. I was unemployed and incredibly depressed, I took a job making $13 an hour, and I received a couple of raises and promotions for working hard and what not. Last may after a bunch of great advice from this sub I’m now making close to $50k a year (with over time). Because we live with family we don’t have many living expenses, and over the last 2 years I’ve paid off over 25k of debt, my credit score went from 590 to 720, and my only remaining debt are my federal student loans. My emergency fund is at about 3 months, and I have over 10k in credit cards if ever needed. To be honest I’ve been spending money kinda frivolously because I was going through a divorce and now because she passed away (retail therapy I guess). + +Because of her passing we’ll now receive about 1k a month in survivor benefits, and I don’t know how to plan for that. I could very quickly save up to buy a house right now, but I don’t know if that should be a priority because to be honest I still need help with my children, and there are so many other living expenses I’d absorb. Also we currently live in a suburb and I don’t know if I could afford to live in the area and keep my kids in the same school. Part of me feel like I should just leave that money separate and start college funds for all my kids. Also I’m 33 and don’t have much saved for retirement. My 401k isn’t even a year old and I’m only contributing 5% a month. + +I’ve made a ton of steps in the right direction, and I want to stay on track. Any advice would be appreciated. +I’m developing a mixed use mid-rise building for 2022. It will have 75 apartments and ground floor commercial and is an infill location. + +As a result of Covid, we’ve already changed our typical project. All units will be “work from home” ready with the addition of a desk nook in each unit. We are also providing upgraded HVAC which is covered by a grant. + +But my question is this - how else has the world changed? What have you seen or what can you envision for the next generation of multifamily living? All ideas are welcome and please suggest vendors if known. + +Here are some categories that I’m investigating but I may be missing things: + +-Phone apps to control locks, HVAC, lighting, rental payment + +-landlord provided broadband wifi and bundled streaming cable/content + +-Providing common area “maker space” for art, music, multimedia + +-drop off area and shelving for food/grocery deliveries + +-food truck parking area + +What other ideas have you seen or would you like to see? + +Edit: the apartments are for rent. The location is commuter friendly - convenient to good tech jobs and shopping. While we will rent to anyone, the likely tenants are younger working professionals without kids. +Seeing as the entire EU is heading this way with the low mortgage rates created by our Central Bank, it seems helpful to think about this situation. + +What's the best way to manage yourself if you don't have a home in this market? + +Jump in as fast as possible? Wait it out? Try to buy land and build yourself or contract to have something built personally? Move back to your parents? Abandon all hope and embrace life in rent slavery? Multigenerational house? + +What do you guys think are good personal strategies? It's making me very frustrated and all I can find for advice are aimed at governments, not individuals stuck in the mud. +Seeing as the entire EU is heading this way with the low mortgage rates created by our Central Bank, it seems helpful to think about this situation. + +What's the best way to manage yourself if you don't have a home in this market? + +Jump in as fast as possible? Wait it out? Try to buy land and build yourself or contract to have something built personally? Move back to your parents? Abandon all hope and embrace life in rent slavery? Multigenerational house? + +What do you guys think are good personal strategies? It's making me very frustrated and all I can find for advice are aimed at governments, not individuals stuck in the mud. +I am stepping away from my service business to pursue other interests. + +I was wondering if anyone in this sub has any experience with installing someone to run their business (effective CEO) and offering them a package to do so. What does that package generally look like? + +Do they get 10% of all deal volume? More? Just keep them on a flat salary? + +I guess I'm looking for a deal that will incentivize them to grow the business and hustle. + +Thanks! +used to check in and read post for years on this sub but now everything is a daily thread. what is going on, no one wants that. just allow everyone to up or downvote posts on their own. +I like to think I’m doing it right. I invest a portion of my income every single month following the dollar-cost average rule. + +I hold some F500 US companies but haven’t invested more in them for months. + +Right now, I only invest in VEQT, and the big 5 banks. Every now and then, I’ll put some into ETH. That’s about it. + +But I’m working hard, investing the money, yet the total figure in my Wealthsimple account continues to drop and/or stay around a certain figure. + +I’m down 13% all time. + +It’s a bit disheartening tbh. I don’t know when the stock market will start bouncing back and right now it feels like I’m just pouring my hard-earned money into something only for it to almost “disappear”. + +I keep telling myself to trust the process because they’re relatively “safe” investments, but should I just keep the money in my bank account for now until things get better? + +Edit: Wow, thanks for the motivation and reassurance guys. I feel a lot better now 😁 +I am an aspiring real estate investor and will soon have enough cash to get started. When I first learned about leverage, I loved the idea. But then I stared running the numbers and adding up expenses. + +Property management fees (if you have one), mortgage payment, renovations, maintenance, legal fees, accounting fees, realtor fees, closing costs, property taxes, federal taxes, state taxes, vacancy expense, etc. + +I have to wonder, how do RE investors make a profit? It seems like you need to put a 35% + down payment to create good cash flow. I understand the whole concept of leverage and appreciation, but at the end if the day, you are running a business and need to have positive cash flow. + +Would it be better to just take the Dave Ramsey 100% cash approach? Obviously I’d have to delay my investing for a few more years, but I don’t see where the profit comes from otherwise. I’m sure I must be missing something because so many investors successfully use debt. My goal is not only wealth building, but financial freedom and cash flow too. Thanks! + +https://killedbygoogle.com/ + +How much does it cost to maintain a service vs develop it? + +Why does Google kill so many services? + +Would it really cost them all that much just to continue hosting it? + +Isn't the vast majority of the cost incurred in developing the service? +I've been aware of crypto since Bitcoin was $1 and only gave it cursory looks every few months. This spring felt like it was the beginning of something big, and I am excited for upcoming changes. Is it just me feeling this way or do other people see a bright future ahead? +I’ve achieved fat fire but am just bored. Looking to buy a business (thinking remote or online for location freedom) just to have something to do enjoy. Has anyone else had trouble transitioning out of working. I’ve realized making money was just a game for me and now that I don’t have that game I’m just absurdly bored. I’ve reached out to a few people on twitter/through friends who seem to be in interesting fields that I think could be fun with no luck yet. Any recommendations or businesses I should look into would be super helpful! +Hello everyone I just recently hit one dollar a month and super excited towards my next goal of 10 dollars a month. Any advice for someone who is recently starting or on my current stocks. Thanks, also about to turn 16 +Currently my stocks +$mmm +$abbv +$afl +$cat +$clx +$cl +$cvs +$hd +$jnj +$jpm +$mcd +$mrk +$pep +$pfe +$o +$tgt +$ko +$vz +$wm +$sphd +$schd +*Edit: some people are stating that a couple of brokers have allowed purchasing of those stocks. I checked Fidelity and they require signing some documents to be allowed to trade it. So my title is a little misleading. +However! it is still completely absurd that redditors would gang up on a penny stock tied to a liquidated company that holds no value. +*end edit + + +Someone still had a huge short position in the bankrupt company and was in early stages of forced liquidation. + +Some others have pointed out today that Blockbuster and Sears started to squeeze again. + +Hold strong my fellow apes. And take back what they’ve stolen from all of us. + +🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 +The article: + +https://www.nasdaq.com/articles/bliaq-stock%3A-7-things-to-know-about-the-blockbuster-remnant-amid-the-reddit-run-up-2021-01 +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! +The general retail award has a payment table which outlines ages and % of minimum wage that gets paid out. + +19 year olds are only getting 80% of the minimum wage, despite being treated as an adult everywhere else in our society. + +This no longer affects me but did a number of years ago, I remember feeling cheated paying full price for groceries, rego, car insurance etc. +Hello Superstonk! + +I just wanted to do another compilation this weekend. Re-iterating some old DD I have written as it starts to become applicable to the current situation. + +Jefferies and BOA coming out this week and declaring no more short positions would be allowed to be taken, added some weight to a thesis I had come up with a few weeks ago. I was getting frequently asked on reddit and YouTube. Why is GME's borrow rate so low. Well I came up with a logical answer and now as I feel that theory is becoming more likely I wanted to re-iterate it hopefully to a broader audience as I feel that this is something we should all understand. + +So here it is... + +# Why so short? or Lender's Fuk Hedges? + +This part is speculative but I think it makes sense and the conclusions add up. In my experience, that's usually a good place to start. (no more so than when I originally wrote this) + +**Why keep making or buying these synthetic shares?** + +If they are in fact losing the ability to net a positive change for the short side why keep compounding the problem?... + +**Incentive.** + +I was looking through the Dave Lauer AMA and he kept mentioning rebates, not related, but it triggered this thought. I don't typically go short stocks except through options and I don't use margin. So this is only something I vaguely remembered from school and had to embarrassingly look up. + +Basically any time you short a stock you borrow the share from a lender and you pay a stock loan fee + +***value of securities borrowed X number of days borrowed X agreed rate/number of days in the year = Stock Loan Fee*** + +In addition you must post collateral of: + +***value of securities borrowed X the agreed margin = stock loan collateral*** + +This collateral can be non-cash (eg other liquid equities or government bonds) or you can post cash collateral. + +**Now here is what intrigued me.** + +Sometimes in certain arrangements with larger investors a lender will offer a [rebate](https://www.investopedia.com/terms/s/stock-loan-rebate.asp) for using cash collateral. These rebates are a payment on interest or earnings for the cash held to cover collateral from the lender to the borrower. This rebate typically can offset all or some of the lender's fees to the borrower depending on the Securities Lending Agreement between the two parties. + +**So how does all this tie into GME?** + +The first thing that got me looking into this was a question I get five times a day on my stream, at least. + +**"Why is the borrow rate on GME so low?"** + +GME has a ludicrously low borrow rate for a stock that has as much short interest (as shown above) as it does, currently 0.94%. Other stocks with I suspect are significantly less short (eg AMC: 26.64%,KOSS: 90.80%) have much higher borrow fees than GME. + +This led me to the thought + +**"What if it was in the lenders best interest to keep the rate as low as possible to incentivize SHFs (short hedge funds) to continue shorting the stock ?"** + +It could be if the lenders can make it lucrative for the SHFs to short why would they stop so I started building a scenario in my head what if the deal looks something like this. + +[ Incentivized borrowing agreement ](https://preview.redd.it/5xm15c5r6o371.png?width=1300&format=png&auto=webp&s=eb18908ca4ca150abc6725bea4786ee5b3179e75) + +So the lender lays out a deal where simply by posting the cash collateral the SHF is able to short the stock at no fee while earning the interest or profits off the cash held in collateral. This incentivizes the SHF to continue shorting the stock as the are making profits while accumulating larger and larger short positions. While the Lender accrues more and more collateral. + +The more cash held the higher the interest payment and the more short they can be on GME. In this scenario they are essentially being paid to short the stock. + +**Sounds like the deal of a lifetime. So, what's in it for the lender?** + +Well if I were a lender for a SHF I would have intimate knowledge of what their positions looked like. I would also know that when they extended their positions instead of closing the loans they were at risk of defaulting. If they default I keep their collateral. + +**Why would I only want some of their collateral when I found a way to have it all.** + +Well for this to work the hedge funds would have to be trapped in a cycle of shorting, a lost position with no way out. + +# Conclusion + +So I am gonna attempt to tie all this together. + +My theory is, they never covered not only because they couldn't, but also because the lenders have been incentivizing them to continue shorting through profitable rebate agreements that allow them to short the stock infinitely. + +What the lenders, I believe, realized is that the were trapped in the positions they had no option but to continue shorting the stock hoping the interest would die down and retail would back out. + +The Lenders took advantage of their "trapped" positions by structuring deals that would help them continually short the stock at the cost of cash collateral. The lenders win either way either off the profit of the borrowed shares or accruing collateral on loans that were guaranteed to default. + +**The lenders are lending synthetic shares because they know that in the event of a default it won't matter, because the shares will be diluted along with the rest of the assets.** (Sound familiar? It should the lenders are doing to the SHFs, what the SHFs are doing to GameStop) + +The only missing piece of this, + +**Do lenders pay taxes on seized collateral from a defaulted loan?** + +I'm currently unsure it looks like they do, but I am not experienced with tax law I have no idea the value of unrecovered synthetic shares that could be claimed as a loss. + +Normally I don't post my video's directly on here but this topic came up on my livestream on Friday and I covered some Q&A on it. I do not have time to transcribe it as this is the first of two DD's I will be writing today. + +# Video Q&A + +Additionally for anybody with reading comprehension issues I hope this helps in understanding this complex topic. + +*\*This video is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* + +[Video Q&A](https://youtu.be/EIs5Ay6OEYk) + +As always thank you all, my weekly technical analysis DD will coming out later tonight I will link it here when it is up + +❤️🦍 + +\- Gherkinit + +Edit 1: [Weekly TA DD up for 6/7](https://www.reddit.com/r/Superstonk/comments/ntsm5a/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +Edit 2: I believe the order of liability to cover FTDs goes like this + +[FTD clearing chain in the event of liquidation](https://preview.redd.it/gsg8f950pq371.png?width=2054&format=png&auto=webp&s=c989d7296d8bef057d5669bd86f4dc9eacbc5448) +throwaway account + +I am a marketing consultant for a private equity company in the US and as the company is growing, they are being pressured to convert me into a FTE. I oversee a marketing team and really enjoy the team. I am paid $15,000 a month for this work. + +Converting me to a FTE, I do not see my workload increasing at a rate different than it would if I stay on as a consultant. I believe in the longevity of the business and have deep trust with the executive team. + +On top of this, I have one other consulting client ($5,000 a month) and my own business ($60,000 a month revenue, $250,000 a year take-home). I've built my business to operate with minimal input from me and anticipate it growing by 5x over the next 3 years. While my margins will shrink, I can absolutely see myself pulling $1M a year from my business if things work out. + +Here's my income breakdown: + +**Private equity client:** + +* 20 hours a week +* $15,000 a month + +**Other consulting client:** + +* 2 hours a week +* $5,000 a month + +**My business:** + +* 10 hours a week +* $63,000 a month revenue. I believe I can get to \~$90k/mo by the end of the year with \~10% increase in COGS +* $15,000 a month take-home (I could take more but choose to keep it in the biz) + +&#x200B; + +As I get into conversations about converting my role from consultant to FTE (and increasing work from 20 hours a week to maybe 25 ... which would happen over the next 2 quarters regardless of my employment status), I need to consider what my offer to the PE company is. + +I'm thinking: + +* $20,000 a month ($240k/year) salary +* No healthcare benefits (I cover them and my team via my company) +* I leave the other consulting client (I wouldn't mind the simplification in my life) +* A percentage of the carry the firm invests in while I'm with them (maturing over time) + +This seems like a no-brainer deal for them. I'm brought to what I believe is under-market ($300k salary for PE CMO seems like middle of the market, but I'm not sure if that's correct), and I am aligned to company growth. + +I then keep my company growing as I have been growing it. + +My fear is that in a year or two, my company will be throwing off larger profits and I won't need/want the PE income (I have a young family and am the breadwinner). It feels disingenuous to structure a deal if I have a big meal ticket that's swelling. + +In the end, I know I can make a deal with the PE firm. I'm exactly who they need; I've built the team. It would be hard (though not impossible) to replace me. + +&#x200B; + +**Importantly**: My income has increased pretty dramatically in the last year. I was at \~$200k income last year, $150k the year before, and $100k the year before. My savings is near-zero. I've been constantly investing in my business (so it can run without me). I intend to build my business to sell in 3-5 years (aiming for $5M purchase) and I am the sole owner of the business -- though I may not sell it if the profits are great. But "built to sell" is the intention. + +In order to FatFIRE, getting a percentage of the carry would guarantee me a great portfolio over the next 10 years. + +My outcome goal is to not be over-worked with young kids in the house, to be paid what I'm worth (cash and backend), and to maintain the freedom to grow my own company. I have a $5M target in 12 years. I see a path to that much sooner if my business is successful, though this seems like a good "guaranteed" plan. + +&#x200B; + +My questions: + +1. Where can I find comps for salary for the CMO role? +2. Am I being foolish? Should I just punt the FTE convo for 6+ months and see what happens by EOY with my business? +3. Who should I hire to help me make this decision? +4. Where are my blind spots? What am I not considering? +I continue to see people justify current market valuations on the basis that low-interest rates justify ultra-expensive prices. This belief is wrong for the same reason that many economic models are wrong; they insist that all else is equal and unchanged. *Ceteris Paribus* + +&#x200B; + +* Why is this wrong? + * Low-interest rates are the result of diminished growth expectations. In a weakened economy, the earnings power of a company should be adjusted accordingly when forecasting future cash flows. + * People who justify expensive valuations rarely account for diminished growth prospects or a weakened economy. If you have the same rate of growth from a strong economy while using a discount rate from a weak economy, of course, you are going to get elevated evaluations. +* Market Prices Do Have The Ability To Alter Fundamentals + * If you see my prior post on this sub taking a quick glance at George Soro's theory of reflexivity, I explain briefly some examples of how this works. The important take away is that types of growth based on the perceptions of market participants rather than fundamentals is really no growth at all. Markets and actions are not based on fundamentals themselves, but rather participants' perceptions of those fundamentals. + * This cycle works on both the upside and the downside. Positive perceptions can alter fundaments in good times while negative perceptions harm fundamentals in bad times. + * This cycle must reverse at some point where it over-compensates. At some point, participants of those markets realize that their prior expectations were wrong and they readjust them. Financial markets do not tend towards an equilibrium but rather swing between periods of extreme greed and extreme disappear. + +&#x200B; + +"Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality is distorted by a misconception." +The price-book ratio of disney now, at the current stock price is approx 2.5 . Do you guys think this is good value for the company? I mean you are only paying a slight premium for their intangible assets such as their brand name and at the current stock price, im assuming that their disney + streaming service is valued extremely cheaply + +I know that this is not a thorough analysis, just wanna throw this out to more experienced investors and learn some alternative perspectives and risk. Do share! +I've mostly worked retail jobs and warehouse jobs- 5 years or so I worked in a public library system. I've never earned more than $13 an hour- not even in my library job or in my management roles. I got to go to community college for a couple semesters back when I was 18. My parents only wanted me to go to nursing school- some job appropriate for young ladies. Gag. + +December 2018 I decided I was going to change everything. I studied my butt off, passed 36 CLEP credits. Enrolled in the BS in accounting program at WGU. Finished it in one 6 month term. Went right into the MAcc program, finished that in one term. Passed my final class last weekend. + +Went from no degree to a graduate degree in one year of college and 4 months of CLEP. + +I'm currently working as an accounting intern, still making $13 an hour. + +Cross your fingers for me though- I have an interview in about 10 minutes for a job paying $50k salary with full benefits. + +Edited to add: Well, I was too enthusiastic. Need to cut back on caffeine before interviews. I'll find out if I made the next round in a week or so. + +I also feel obligated to add that I took the minimum loans out for this project and made myself finish in one term even though it was absolute hell to do so. I owe $8000 total for both degrees and my previous brief college stint. + + +>The United States engaged in roughly $608 billion worth of research and development in 2018. That figure includes R&D by all entities in the US, from universities to private and public corporations. During the same year, corporations in the S&P 500 spent $806 billion buying back their own stock. In other words, the 500 largest companies in the US are now spending 33% more on their stock buyback programs than the entire country is investing in R&D. Cumulatively, buybacks have now outpaced R&D investment for the last five years. From 2014 through 2018, total R&D investment in the US was roughly $2.736 trillion whereas S&P 500 buybacks totaled $2.978 trillion. + +**https://thesoundingline.com/sp-500-buybacks-now-outpace-all-rd-spending-in-the-us/** +Hello all, I am an emissary from r/qyldgang , I had a wild thought last week and wondered if there was any interest in an “ask me anything” from the fund managers of QYLD, we are a particularly small sub, so we thought that the size of r/dividends would help make this a reality, there seems to be quite a bit of interest/controversy about this fund on this subreddit, so it seems an AMA would help everybody get some answers to their questions. Leave your thoughts in the comments! +This is the only place I feel I might have likeminded balls of anger. + +As an avid youtube user, that gets targeted by the ads algorithm with finance ads, I absolutely hate E Toro. + +EVERY SINGLE VIDEO is preempted by some preppy American E Toro ad that is doing my bloody head in. Anyone else share this sentiment? + + +if you’re even remotely invested in crypto, it has been a frightening ride this past week. Sleep has not been easy to come by, but at the least, you’ve probably been watching the beautiful bounce that’s happening right now in the markets. + +It seems we’ve finally found support and are trending upward and with massive news still rolling out daily for $HAPPY, it’s no wonder that it’s been exploding with the rebound. +Just last week, HappyCoin was sitting at a mere 10M mcap, with a whopping 50,000 holders still actively supporting the coin. While some early whales exited during the panic, tanking the price further, **the community doubled down on their positions**, creating rock solid support levels for the project. + +Why? Because $HAPPY is an insanely good find, with a talented, doxxed founder, who actually delivers on everything from their BULLISH roadmap in a sea of shitcoins (more on this below)**.** + +Consider that even through the dip, he’s been out in LA meeting up with **Jesse Wellens** whose locked into the project with his **10.7M Subscribers on YouTube**. Check out their socials, it looks like they’ve been hard chilling. + +You might also notice **Jesse is friends with a recently rebranded Snoop Doge**. Can you connect the dots on what might happen here? + +It’s no wonder yet another **dev doxxed for Happy**, even during a crash, as there is no token out there with as bullish of an outlook. + +**Bilaxy is coming this Friday**, and **Bitmart** is rolling in at the end of the month. It’s going to be hit after hit after hit and when you see BTC at $70k since that’s what the chart is telling me, (scarily similar to the last bull run) you can’t even imagine where $HAPPY is going to be. +I mean, already if you had bought the dip you’d be over double your money, but there’s still time to catch this before it goes another 10x. And we all know China FUD is always a big nothing burger and there’s way too much exposure for anything to stop this crypto train from rolling. +So join the telegram, the discord, watch their live streams where they have **donated $140,000 live to mental health / illness organizations in the past 3 weeks**, and enjoy as more influencers and exchanges pile on one of the fastest growing tokens in all of crypto. + +[Website:](https://thehappycoin.co) +{Old post I made with my phone} + + +Currently I work for a company making $16/hour position that offers pretty decent benefits and reasonably priced health insurance/dental/vision etc. There is an opportunity for a position that would pay $30/hr but would offer no paid sick or vacation time and no benefits in any form. 18 months and i could get hired in or the position could get renewed. I could take time off I just wouldn't get paid. Is the $30/hr a better opportunity overall or am I better off working for a company with no end date for my employment. + +Contract position is through a staffing company. + +Thank you for all the advice. I will try to update this post later with more information and respond to some of the questions. I appreciate the difference in opinions and arguments for and against. + +[[[ +[[[[[ +[[[[[[ + +{New post I made with my laptop} + +Update: +So I read through some of the comments so I am going to make things as clear as possible without oversharing myself. Also I think some are getting caught up on the word contact and confusing it with a 1099 contractor. Also thanks for all the comments and up votes. I will keep on updating my post with more information as I go through more comments but hopefully I clarified a lot of things. I appreciate all of the advice it means a lot. Both roles are IT and the commute is basically the same. + +About Me: +New Home Owner +Have an Auto Loan +Student Loans +High 20s +Good Health +Lives with long term gf who is employed full time. I could be on her health insurance next year around this time. +Been at current job for less than 3 months. Previous role was software support for 1.5 years. Also did hardware support. +No degree in computer science or IT. Just two bachelors(Anthropology, Geography) and a GIS Certificate. +No kids. Just 2 pets. +Don't have a lot of savings as I just bought a house. + + + +Job 1: +Currently I work in an IT Role monitoring internal and external systems(servers, firewalls, antivirus etc). +Company has multiple locations and probably 300+ employees and is growing. Room for advancement in my current department. +$16/hour before taxes paid weekly +Take home $484.61/week after taxes and benefits. Not currently eligible to contribute to my 401(k). +Benefits (Health(Priority Health),Dental,Vision,Critical Illness,Accident): $25.89/week +5% annual bonus per fiscal year. Also quarterly department bonus. +401(k) Matching 120% on first 6% eligible for the match after 1 year and it is dispersed once per year. Vested after 3 years +Tuition Reimbursement up $1,500 a year. +Free programming classes (5 classes) online at a community college. I am interested into getting programming which could lead to other opportunities in company. +10 vacation days/24 hours for personal leave/48 hours of sick leave/6 holidays. +2 x base earnings up to a maximum $175,000 life insurance policy. +Short and Long term disabilities. +Job is pretty easy and I can watch tv shows while working. + + +Job 2: +IT Lab Technician is the title +$30/hour before taxes +Possibly some overtime, and ability to make up some hours. +I would work in Michigan in the same city down the road from current job. +Working through a staffing company out of Colorado called Modis as a w-2 employee on a 18 month contract. Not a 1099-Contract, +Contract could be renewed after 18 months or converted into an employee. Staffing company has has good results with G.E. +Would work for a well known company (General Electric) which could help in applying to other positions. +Sounds like I would get no paid time off and I could makeup hours for unpaid holidays off. +No benefits so everything is out of pocket. +Job seems like it could be harder work but more fulfilling. + + +Don't feel like I can negotiate position as it is entry level and replaceable. Plus I have only been there less than 3 months. I do feel if I kept the current role I would need to find a second job to supplement my income which I have done in the past by waiting tables. Where is a good place to go to get a feel for how much I would need to pay for health insurance etc? Also would it be weird to ask my hr department how much they pay for me for certain benefits? + +Any thoughts on the staffing company Modis or G.E? +Apologies if [this](https://www.abc.net.au/news/2022-07-20/homeless-crisis-million-homes-vacant-in-australia/101234424) ABC article has already been posted. + +There was one idea, repeated throughout the article, which really got under my skin.. + +>"We know of ratepayers from Canberra who have said they are putting their house on the market to help. They're doing it genuinely out of the kindness of their heart to benefit the community." + +Am I insane for thinking it ridiculous that Landlords are being "generous" in renting out their 2nd, 3rd, 4th holiday homes? They're getting paid, most likely a handsome mint, and local shire councils have to suck up to them with such gratuitously effusive language just to be able to house the homeless and staff warm bodies into coffee shops these Landlords frequent on their weekend away. How many hours does one of those warm bodies have to work in said coffee shop to pay these "generous" landlord their dues? +[https://www.bnnbloomberg.ca/the-current-ipo-craze-is-starting-to-look-a-lot-like-1999-1.1534990](https://www.bnnbloomberg.ca/the-current-ipo-craze-is-starting-to-look-a-lot-like-1999-1.1534990) + + + +Initial public offerings have been doing extremely well lately, bringing to mind the excesses of the tech bubble in the late 1990s. + +Shares in Chinese toymaker Pop Mart International Ltd. jumped as much as 112 per cent in their debut Friday, after home-rental platform Airbnb Inc. closed 113 per cent above its IPO price in New York. JD Health International Inc. surged 56 per cent in its debut Tuesday while DoorDash Inc. soared 86 per cent in on Wednesday. + +Read more: Airbnb, DoorDash Rallies Stoke Renewed Debate on Pricing IPOs + +The FTSE Renaissance Global IPO Index, which tracks the performance of offerings worldwide, is up 82 per cent this year, compared with a 12 per cent gain for MSCI’s all-country equity index. Comparing the current period with the dot-com bubble is hard to do directly because the Renaissance IPO Index didn’t start until 2009, and a Bloomberg index that was around in the dot-com boom became defunct in 2017. + +There are some pretty clear similarities between the Bloomberg index versus the S&P 500 in 1998-99 and the Renaissance gauge now, noted Cameron Crise, a macro strategist at Bloomberg. The performance after that in the late 1990s was even more dramatic. If IPOs were to follow the same pattern now, they would have a huge jump still to come -- before a pretty spectacular drop. + +“The action in these names is definitely a concern for us,” said Matt Maley, a strategist at Miller Tabak + Co., speaking about the U.S. IPOs. + +“However, we’d also note that experience tells us that froth in the IPO market tends to be a ‘leading indicator’ for an important top -- not an ‘immediate indicator’ of a top. In other words, yesterday’s action in the IPO market probably tells us that we’ll see a meaningful correction at some point over the next six to nine months, not necessarily over the next few days/weeks.” +I've seen multiple people recently suggesting that it's a good idea to do this, often to people who admit that they couldn't afford to invest otherwise, or admit to already being in debt. + +Ethereum's continuing rise in value *is not a sure thing*. If you're in debt, you absolutely should not be taking on additional high-interest credit card debt to invest. + +The people telling you to do this do not have your best interests in mind, just as the people trying to get you to FOMO in at ATH because "it will be at $1,000 next week!" are only looking out for themselves. +Edit16: 3:40 AM. WOW. Flair was changed again from “debunked” to “question/discussion”. Still no explanation from mods🤣🤣 I’m done. Good night + +Edit15: 3:35 AM. No word from mods, still no explanation for the “debunked” flair. + +Edit14: 2:35 AM in NYC. Feel like I've made it now. Was reported for that self harm thing and a lot of super shilly messages. Just to state the obvious: I love my life, my future wife, and the work I do: Film. And, of course, I love the stock. + +Still no word from mods. + +Edit13: 1:45 AM in NYC. No contact from mods. + +Still up and responding to anyone with questions. Here's a good one: + +&#x200B; + +[fuck options](https://preview.redd.it/j71onwau33281.png?width=1521&format=png&auto=webp&s=ad7ce35a1f7f770732bd240a5a37c0c4bc0e9569) + +Edit12: 1:20 AM in NYC and still no contact from mods. Getting a lot of messages about how concerned they are that mods would just label my post "debunked" with no explanation. That they hope I will demand an answer from mods. + +I will. + +Edit11: Chatting with another ape and I think there's useful info here: + +[They're watching](https://preview.redd.it/ab3lxwqaq2281.png?width=743&format=png&auto=webp&s=a8dc27bb7bdd9125a5310ec1e721414143f64368) + +&#x200B; + +Edit10: Past midnight Eastern. No response from mods. Here's what I sent to Buttfarm on Twitter: + +[I'm trying](https://preview.redd.it/71lq4vqpm2281.png?width=1643&format=png&auto=webp&s=59a622c9fabb5b519ee5e4ffaf6fc5ba9a8d410d) + +Edit9: messaged Buttfarm on Twitter (we had a previous conversation) hopefully he responds. Do mods usually give the “debunked” flair without actually reaching out? + +Edit8: it is now 11:13 eastern. Mods, please message me. I WILL PROVIDE PROOF. Why was I given “Debunked” flair? + +Edit7: Mods, I don’t know why I got the “Debunked” flair. I will provide any proof you want. I will even self-dox if needed. Everything I have said is truth. + +Edit5: Forgot to mention: THE MOST important thing to do is DRS!!!! Buy through IEX. And FUCK OPTIONS!!!! They just provide ammo to Mayo man. + +\_\_\_\_ + +Original post follows: + +So I had orders that were not filled even though my limits were met or exceeded. I called Fidelity to ask why because I saw the sales at or less than my bid. And even though the market closed my "Day" orders are still open. + +The rep had to put me on hold and speak to her supervisor. She came back and said that the Market Maker had ended trading at 3:37 Eastern and that my trades will likely go through first thing Monday morning. + +I don't know what this means but I HATE THE WEEKENDS. Monday, Monday .... Monday morning ... + +Buckle up!!!!! + +Edit1: As u/TheOneTrueRodd **commented, i**t's on the MarketWatch chart. The line ends at 3:37 on the dot. + +Edit2: Just FYI because there seems to be confusion. Regular market closed at 1:00 Eastern, after hours was until 5:00 Eastern. There was some movement after Shitadel stopped trading, I watched the price move wondering what the fuck was going on. When I called Fidelity they said my orders should have gone through and that they should when market opens Monday. + +Edit3: A little more about the conversation. I asked if trading was ended on any other stocks and she said not that she knew of. + +Edit4: "What does this mean?" I don't know. My questions start with did they take away the buy button at 3:37 PM because they were in trouble and wanted to buy time? Or was this a forced stop as in their market making privileges were revoked because of some failure on their end. Or a forced stop because (and I'd hate to needlessly jack breasts here but) RC said "Bye, bitch. Starting my own shit. Not playing with cheaters anymore. +So i was talking to someone i know (who studied finance and accounting in canada) and he made a bold claim; + +the tfsa account will not be tax beneficial in the long run. He says that are used for only speculation. He does not actively trade so he has been buying stocks out of his personal account (plot twist: he does his own taxes and has studied enough accounting classes to take the CPA exam). + +Now, i know this is not true (and quite frankly he is wrong), but are there any use case which would deem the tfsa account NOT a good account to invest money because of future implications? + +Personally, i dont mind if he thought this way; it doesnt affect my tax rate and he will eventually pay more taxes in an unregistered personal investment account. +Here's the facts. + +We live in one of the most expensive cities in North america. Average two/three bedroom townhouse here is about 900k. We have finally saved up 15% of a down payment (other 5% covered) and we would love to get into the market before our family expands and before the inevitable interest rate hikes in the new year. + +Most of the holding is in ETH. We're kind of going sideways with price right now but I would still cover the down payment if I pulled today at a recent low (4800cdn). + +My question is, if even 1% of an interest rate hike means an extra $100k on a mortgage, is holding for 6 months to a year to see a possible 10K eth a smart move? Am I basically gaining more crypto but paying more for a house as the rates go up? + +I feel like I'm stuck between a rock and a hard place. A lot of hard work got me to the single goal that most crypto apes hold for, a house, but now I'm finding it impossible to pull the trigger. Also I don't know shit about fuck and she's probably smarter than me. + +Ps: yes i'll make sure to ignore any DMs with great offers on how to double my eth thx + +EDIT: Thank you everyone for your solid advice, knowledge and stories. I didn't expect such a reaction. They say you should always bet against the common sentiment in the sub but today we prove them wrong. I think I know what I need to do now. +I sold 10 TQQQ puts on 5/10, that expire on Friday 5/14 (yesterday) with the strike of 96. Instead of buying to close 10 contracts for a profit, I sold to open 10 more contracts on Friday, around 15 minutes before closing. So now I have sold 20 TQQQ put contracts instead of the 0 contracts I wanted. TQQQ closed at 95.97. Checking just now, I see that I have been assigned to only 5 contracts, and the other 15 has been expired. Any reasons why the put holder would let a ITM put expire?? +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! + +So I ask this question to all of you in this subreddit because you’re all a lot smarter than me when it comes to real estate. I’ve been investing in ETFs for a while now and love the passive income that comes with it. While I know that real estate isn’t completely passive, I also realize there is a chance for alot higher returns and it can also be alot quicker. I’ve done the math though, and I always end up being wayyyyy in debt when I run the numbers on obtaining properties to try and get positive cash flow. On top of this, you have to deal with the possibility of tenants destroying your properties. Can someone explain what I’m leaving out because I truly would love to invest in real estate but I just can’t wrap my head around how it’s worth it. Thank you for your feedback! +TL;DR - Stock split incoming! + +&#x200B; + +This is all the confirmation we need! I'm not much for pleasantries so I just want to dive into this with my interpretation. This isn't financial advice, I lick golf balls for good luck. + +&#x200B; + +This 8-k has a two fold purpose, a stock split and future dividend allowances. Here is the pasted paragraph from the 8-k, bold is my own: + +&#x200B; + +On March 31, 2022, GameStop Corp. (the “Company” or “GameStop”) announced its plan to request stockholder approval at the upcoming 2022 Annual Meeting of Stockholders (the “Annual Meeting”) for an **increase in the number of authorized shares** of Class A common stock from **300,000,000 to 1,000,000,000** through an amendment to the Company’s Third Amended and Restated Certificate of Incorporation (the “Charter Amendment”) **in order to implement a stock split** of the Company’s Class A common stock **in the form of a stock dividend** and provide flexibility for future corporate needs. GameStop also intends to request stockholder approval at the Annual Meeting for a new incentive plan (the “2022 Equity Plan”) to support future compensatory equity issuances. If the 2022 Equity Plan is approved by stockholders, it will replace the current GameStop Corp. 2019 Incentive Plan (the “2019 Plan”), and 8,000,000 shares of the Company’s Class A common stock, plus any shares subject to the 2019 Plan that expire, are forfeited, cancelled, terminated or settled in cash after the 2022 Plan is effective, will be available for issuance under the 2022 Plan. GameStop’s Board of Directors has approved both stockholder proposals, but the stock dividend will be contingent on final Board approval. + +&#x200B; + +This is absolutely huge as it helps set up a potential NFT Dividend as well as a stock split which would recall all existing shares and re-issue the newly split shares. Oh and who likes NFT dividends that can't be replicated??? ME!!!! + +&#x200B; + +Can I get an amen! RC has been trying to move as quickly as possible with this and we have evidence through this filing that he is truly trying to rek the SHFs. + +&#x200B; + +Buckle up! + +&#x200B; + +TL;DR - Stock split incoming! +Bitcoin apparently sold on the first public exchange, "Bitcoinmarket," on March 17 at $0.003 per BTC. Pocket change could make you a multi millionaire, a day's pay could make you a multi-billionaire. All you gotta do is relive every single second and minute of the past 11 years all over again. The present is not set in stone, you are literally just redoing the past 11 years, but you can redo them however you want to. But everything you know right now, you will know when you magically become your 2010 self. (I.e. you will be aware of the fact that you just traveled back in time.) + +If there are things you have today that are irreplaceable (kids, family, whatever you love) is it worth this risk of those things maybe not happening due to some fluke or twist of fate that changes those things forever, even if you carefully relive your life to try and make them happen again (you know, other than becoming rich as fuck slowly over a decade)? Or was the past 11 years unavoidably painful in a way that not even any amount of money could make reliving it worth it? Or are you ready to go and wondering how anyone could possibly have any problem whatsoever with jumping on this opportunity, what a stupid question? Somewhere in between? + +I personally have fun with this hypothetical because it's the clearest mental exercise of deciphering "how much is your life worth, to you?" in actual dollars I can think of. I personally won't reveal my answer (I have a pretty definitive answer for myself) so as to not taint others' opinions. (But I still find myself occasionally re-asking myself this question....hmmmm....) +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! + +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +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! + +I just wanted to update and share this I originally requested a 1000 share transfer from TDA on 9/16. Was told 3-5 business days. On 9/23 I was told an additional 2-3 weeks. So I just got off the phone with a local TDA branch representative, in Harrisburg PA, he said the delay is “largely due to difficulty obtaining shares and in small part due to number of transfers or shortage of staff”. + +CS is THE WAY🧨🚀🧨🚀🧨🚀🧨🚀🧨🚀🧨🚀🧨🚀🧨🚀🧨🚀🧨🚀 + +EDIT: I love all you beautiful ape brothers and sisters!!!! +Be good to each other! 🦍💕🦍 +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 +A little about me, I want to become a Martial Arts instructor as a job. I hate school and no subjects interest me at all so I don't want to go to college or University. I want to devote my time learning how to trade instead of continuing education. I was thinking of educating myself for 2 years in the forex or stock market before putting in 10k to trade with and I was thinking of investing 40k into bitcoin or another asset. + +Have you got any advice for me? and should I educate myself on stocks or forex? + +thanks :) +More and more, I see people propagating this lie, especially to newer investors. I get why people say it. It's like saying that the family dog "went to go live on a farm." It's comforting. But it's also dangerously misleading. + +It might not be the easiest thing to hear, but you lose when the price goes down, regardless of whether you sold or not. + +Your portfolio is worth what you can get for it, NOT what you paid for it. And there is no such thing as a stock that owes you money. Please act accordingly and protect your capital. +A lot of folks have been showing the Crypto Crash and the Chinese markets falling like a stone. + +My 2 cents. + +The Asian markets are heavily invested by the western financial institutions. They need liquidity desperately and they are pulling from markets which they have a sizable investment. These markets don't allow the same short selling racket so they are cashing out. Not really anything new. + +I've been saying for a long time that Crypto has also been bought up secretly by banks and funds while they publicly told people that these were a fad or failure. How can trillions in multiple crypto currencies always be following basically the same chart pattern since 2017. Some start rising before others but they basically follow the same pattern. + +Liquidity is needed to handle the current largest risk which is the swaps and short selling. This isn't limited to these two financial markets but will be seen in more and more exchanges. London, Tokyo, Germany... we will see the same thing. + +We will see more downgrades by the credit agencies and more margin calls leading to bankruptcy and liquidation. They will freeze markets but they have to reopen eventually and when they do, it will drop like a stone and be frozen again. Canadian markets allow criminal short selling similar to the US so they will be a close second last to fall. + +I called it in my post in February saying that this is a true financial melt down. Apes now know this to be the case. + +I also told apes that Crypto would drop. Apes can see it today. + +I also linked a bunch of indicators to an imminent crash including ones that are being mentioned today. Great Apes have filled in the details + +Due to fractional reserve banking, the banks are done. Inflation is increasing month over month. Money printing at an all time high. + +I will also remind folks that this is part of the great reset announced by the World Economic Forum. But... the super wealthy and their cohorts in crime cannot plug the holes in this sinking ship fast enough. The apes have exposed and pressured this game to flip the outcome. + +They will delay, dodge, and deny the outcome but it's coming for them. MOASS is coming and everyone but apes R fuck. Don't dance. You think holding is hard, it's harder to succeed when everything around you crumbles. + +TLDR - There were always signs and indicators of market criminality if you actually looked instead of letting MSM tell you what to think. There is no escape as money flows back from various markets in to the US markets to add liquidity to delay the inevitable. + +Extra thought, if the financial market is a big lie, what else have they been lying about? I don't want to divert from the main game of GME but you'll soon see other lies and corruption exposed that you had no idea about but are just starting to learn. Suppressed medical advancements, cheap energy being denied, real estate values, innovative companies being destroyed, social media manipulation, disasters used as diversions, true Inflation numbers, cultural hijacking, real history being rewritten, and lots of other illusions. Today apes fight this battle, post MOASS apes may need to fight the others. Stay strong and stay retarded. +[DTCC Twitter](https://twitter.com/The_DTCC) + +Today I ask: Andrew Gray is your Chief Risk Officer. Should he be named specifically in retail lawsuits, or just the DTCC in general for allowing flagrant (#GME $GME) naked shorting in $GME, to the point of financial system failure? + + #DRSGME +Two things that have led me here 1. Trying to figure out WTF Michael Burrry was trying to reference and getting it wrong several times 2. Why the fuck do we care so much about the Feds ON-RRP operation? + +There’s been so much hype about the ON-RRP volume the past three months or so, and it made me reflect. I don’t actually know **why** I’m hyped about it or **why** people keep posting about it. I had a good idea of why, at least I thought I did, but I decided to go about researching it further and ended up collaborating with a repo expert who’s had over 20+ years in the industry working at 3 different primary dealers. + +**All I knew was incorrect.** From how the Feds ON-RRPs are used, who is putting the money into ON-RRPs, and why I was hyped about it increasing every day. + +So let’s go on a journey to understand some history of the Feds ON-RRP operations and how that led me to realising I was looking at the wrong hints from Michael Burrry. + +&#x200B; + +1. A Series of Unfortunate Events +2. Honey, I Sucked All the Liquidity Out +3. Honey, I Blew up the Rates +4. Star Wars: The Fed Strikes Back +5. What Michael Burrrry was trying to allude to (ran outa puns) + +&#x200B; + +# A Series of Unfortunate Events + +https://preview.redd.it/d9o37zup8e871.png?width=960&format=png&auto=webp&s=245f72ebfbbe0147f89cb7643aed6196546202b6 + +From the above, you can see how this was a disaster waiting from back in 2008 when they started buying up assets due to the GFC. It all came to nip them back in the butt, let’s see what happened next shall we? + +&#x200B; + +# Honey, I Sucked All the Liquidity Out + +https://preview.redd.it/jikg6isy8e871.png?width=960&format=png&auto=webp&s=6d1c0ccd93eead724b0230da757905b1e1edfd41 + +Despite people often referring to 6. (myself included in a past DD) as Quantitative Easing (QE), it’s not. It looks like it though on face value. The Fed had to say it was not specifically in previous notes and meetings, as these types of operations do not stimulate the economy, it’s just the get the markets “oiled up again”. We’re talking about their repo operations here specifically, not adding back assets to their balance sheet. + +**Rates, Rates and Rates** + +Before we get into the next section, let’s understand the floor system that the Fed uses. The general gist of a floor with subfloor system, the fed sets several targets. Policy is announced as a target range for fed funds rate, top range of that is given by the IOER that they set and the bottom is the ON-RRP. + +Interest Rate on Excess Reserves = IOER = Floor + +Overnight Reverse Repo= ON-RRP = Subfloor + +Why not call it a roof and floor? To make it confusing for anyone that’s not in their world to understand 😂 + +Below is a visualisation to help put it in perspective, the federal funds rate aims to sit in the middle generally. + +&#x200B; + +https://preview.redd.it/bkzktfp59e871.png?width=651&format=png&auto=webp&s=dc73e43dbe1db2a77215cf5642b3d7229f298387 + +&#x200B; + +# Honey, I Blew up the Rates + +https://preview.redd.it/og4qpt799e871.png?width=960&format=png&auto=webp&s=57a0af2bdb7c3d3250e437308781107ee451707a + +**What happens if the fed funds rate were higher than the IOER?** + +That would mean a bank wanting to lend their cash would earn more interest on the fed funds market compared to lending to the fed at the IOER - aka the money the fed pays them on their reserves. This demand for fed funds would then cause the fed funds rate to go down (theoretically). + +**Let’s Chat ON-RRP** + +We only talk about the recent spike in activity, and totally ignore what’s happened previously. This ends up leaving us uninformed of the contextual reasons for it spiking. + +So starting in that rough 2018 period, it becomes obvious that the ON-RRP facility is not actually helping all that much when it comes to their ability to control the federal funds rate, keeping it within the 25-basis point target range they had back then. + +There’s also another reason for their disappearance which is to do with the Fed hiking rates from 2016 onwards, the banks can now get paid more in interest from the Fed on their reserves in comparison. There’s liquidity regulations nowadays in comparison to pre GFC times. The Liquidity Coverage Ratio (LCR) is a big boi, but in summary, banks just need to hold some combination of reserves and U.S. treasury securities to guard against deposit outflows in times of market stress. + +Due to a range of reasons, banks actually prefer reserves compared to securities - main reason being if treasuries are sold off quickly, it’ll drive prices down, so in the end, reserves are preferred. + +&#x200B; + +# Rate Wars: The Fed Strikes Back + +https://preview.redd.it/8mlk2m0e9e871.png?width=960&format=png&auto=webp&s=7bc4dd1536cee9bf4e59eb274b6f3cc288553793 + +That was a lengthy one, but now you know the contextual history of how the Fed manages its rates and why RRP is exploding (on purpose to manage rates, if that was not clear already). It’s honestly not that big of a deal that people make it. Please remember online new sources do tend to write for viewership, as such, disaster writing will bring in more viewership than boring macro economics talk…. + +Let’s dig into some myths that often get talked about incorrectly in relation to ON-RRPs operations of the Fed. Before we get to debunking, let’s understand Tri Party and what itm eans. + +**Tri Party Repos** + +Both Repo and Reverse Repo operations are done in a triparty format (also remember, they are one in the same transaction). Only around 0.1% are done DVP (directly). This is largely for efficiency purposes - let’s visualise what this tri party process looks like. + +&#x200B; + +https://preview.redd.it/uen1anm8re871.png?width=967&format=png&auto=webp&s=aee789cfa3951aea8ce1a72e9bc51cb697ccc31c + +The most obvious thing with a triparty repo is that the customer receiving the collateral does not have access it. It’s sitting in the trade shell the custodial bank set-up. So if the they want to re-use the collateral sitting in that shell, it’s actually the custodial bank that’ll set that up. DVP (Direct) can’t be reused unlike Tri-party. + +Collateral Re-use is simply as follows, custodial bank takes the existing shell and puts it into another shell. + +I think we know enough now, so let’s get to debunking! + +&#x200B; + +# Debunk Time! + +**Hedge Funds are involved with RRP** + +This is not exactly a popular one, but i’ve seen it mentioned before. HFs have zero involvement in the Feds’ ON-RRP market. The following link plainly debunks this one. [https://www.newyorkfed.org/markets/rrp\_counterparties#reverse-repo-counterparties](https://www.newyorkfed.org/markets/rrp_counterparties#reverse-repo-counterparties) + +While HFs are not involved with the Feds’ ON-RRP market, they certainly are in the repo market as it’s how they leverage their long positions and cover their short positions. + +&#x200B; + +**The effect of the high RRP amounts will blow up everything** + +The above is dramatic, but you get the general vibe that’s shared within the sub. All the analysis we’ve done above should give you the answer. Once rates increase, money market funds will move elsewhere. We’ve seen recent increases, so why no change in ON-RRP volume? Because MMFs are not gonna show a rate better than 5bps, as the repo market also moved up the same amount… So why move your money if there’s no benefit? We can observe the recent days tapering off in volume since the 5bps increase, so this will likely be the future trend, if not decreasing. + +The Fed will continue its balancing act. It is very much a build-up from 2008 and u/criand ’s recent post is some good storytelling on it (as well as this DD from a more technical standpoint). As such the Fed are learning as they go, it’s becoming clear that loading up the ON-RRP facility is not sufficient to influence rates, which is displayed through the most recent rate increase by 0.05%. They just does not care about the volume of ON-RRP being high, because that’s how it’s designed to work, policy-wise. They have far more assets than the participants have cash, so as long as demand is there it’ll keep rising until something otherwise changes (such as rates increasing as mentioned above). + +We’re only noticing this because big numbers attract attention and we made a connection between rehypothecation and reverse repos. But wrongly so in my opinion. (pls no pitch forks). + +&#x200B; + +**RRP is used to support trading/margin functions** + +This is not a popular theory either, but better to touch on it while we’re here. + +It’s illogical to use RRP as a way to post margin. It “could” be done, but why would you spend cash to borrow treasury securities? You end up in the same spot regardless if you’re using cash or a security to post for margin. + +&#x200B; + +**Trading 212** + +May as well touch on this topic while it’s making its rounds. What’s described in their terms they are trying to get people to agree to is described as a collateral swap with a haircut. The haircut is anything over that 100% mark. To be clear, it's very common and it should not come as a surprise to anyone who has bought shares through a broker that lends out customers' shares. + +You should get in contact and ask what type of collateral is posted and MORE IMPORTANTLY ask for your shares not to be lent out. If they say “nah dawg”, then ask if you get the profits reaped from the haircut in the case above, or any interest charged. + +As to what happens when the MOASS happens and HFs start going bankrupt, no clue. A good topic for someone to delve into. What about bond value taking a dive? Dunno, best guess would be they'd have brokers knocking on their door. + +&#x200B; + +**Treasury Securities are being shorted utilising rehypothecation** + +I think this is probably the biggest theory that’s misunderstood. + +It’s technically possible to do this, the problem is that it just makes no sense to do it. The main reason is due to how the shell functions that the Custodial bank sets up. They create a shell for the collateral that the Fed dumps their securities into, the only problem is, the dealer/counterparty does not know which issue they’ll get in that shell. The Fed decides what to put in that shell. + +So let’s imagine you are wanting to short a bill and you have a crystal ball. + +You’re not gonna be shorting a 3 month bill simply due to the maturity of the trade, and more likely a longer dated issue such as the 30yr where you’ll make far more money. + +Using the crystal ball: + +IF you knew the bill or bond being given in the RRP shell + +AND IF you could sell that issue in time before the market closed for the day AND sell it for cash (same day) settlement. + +AND IF the Fed whispered in your ear that you’d have it for a week straight (meaning you won’t have any fail to delivers) + +AND IF the Fed did this all in DVP for you (0.1% of all ON-RRP trades, Fed only does Tri-party), else you can’t touch the security as it’s in a shell created by the custodial bank + +So if all these unlikely things were to occur, you’re still in the pickle of being in the need to buy back the bond you shorted the next day (because these are overnight transactions remember), if you don’t find it then you’ll be on the hook for 300bps (3%) a day on FTD charges, which in the bond world, is a big deal. + +You’d also likely need to be a primary dealer (big boys like goldman) to pull this off in the first place, but the Fed would get pissed and you’re jeopardizing your primary dealership status - which is something you don’t want to risk as you’ll make more money being a primary dealer rather than being kicked out of the club. + +The source i’ve been working with has said over his 24 years time at a variety of primary dealers, Not one would have voluntarily shorted ON-RRP bonds. It’s just way too risky and there’s virtually no upside - IF you could even pull off the above in the first place. + +&#x200B; + +# Figuring out what MB meant this whole damn time…. + +There’s been three things that Michael Burrry mainly tweets about + +1. Cryptocurrency +2. Inflation +3. Leverage + +(and random non financial stuff - borrrrinnngggg) + +I’ve personally been on a mission to understand wtf he meant ever since he deleted his profile the first time, leaving us a link to a note from the federal reserves on the in and outs of collateral re-use (pictured below). + +&#x200B; + +https://preview.redd.it/5am3ooiw9e871.png?width=293&format=png&auto=webp&s=b82b1cf9a74245668d1b6e70c38cce817ca7d23c + +The Fed note was so so heavily focused on Reverse Repos, Repos, Rehypothecation that it clouded my judgement in terms of what he was trying to reference within that paper. Largely because it was the talk of the town at the time (and still is), but as we went through above, the purpose of that was to show that the **ON-RRP numbers we screenshot all day are not a huge concern.** + +&#x200B; + +https://preview.redd.it/lvvgvacy9e871.png?width=943&format=png&auto=webp&s=5cd3a571ee45636e2cff0878f4124c3e2e0004c5 + +It’s the tweet above that ironically connected the dots for me, but also answered the question in itself as it gave us what we already knew in a way. But i’ll walk you through what i perceived him trying to point out in regards to the speculative bubble. I believe this was the chart he was alluding reference to, specifically, the margin loans trend. + +&#x200B; + +https://preview.redd.it/y00d0gx0ae871.png?width=596&format=png&auto=webp&s=ca28cbc11b56922c5258057dc421f8eb3ac2e545 + +**Unencumbered Products** + +This refers to positions that are purchased outright that are free of legal, regulatory, contractual or other restriction on the ability of the reporting entity to monetize the assets. The entity in this case are primary dealers, the big bois of the world, of which 24 exist. You can find the list [here](https://www.newyorkfed.org/markets/primarydealers), names from Goldman, Morgan Stanley to you get the gist. Now note, the chart above is only based on a subset of primary dealers, so the numbers could very well be bigger. + +**Back to the Chart** + +What we can see is the following: + +https://preview.redd.it/913chwt2ae871.png?width=960&format=png&auto=webp&s=db38ca9e7f2d6172edff30ab7ddaf924f4d72571 + +I was attempting to find what “order of magnitude by 2” he was referring to, and the closest thing i can refer to is the total is how margin+cash accounts have gone from millions -> billions -> trillions. The greatest crash in US history was “The Wall Street Crash” in 1929 (or at least most famous, please correct me if i’m wrong), sadly i don’t have data that goes back that far - but i don’t think it’d be a long shot to imagine that aggregate margin+cash accounts may have been in the tippy top of the millions in the 1920’s. + +Therefore we’ve gone from millions in the 1920’s to billions in the late 1900’s and we’ve just hit the trillion mark in Dec-2020. So there are your two orders of magnitude ladies and gentlemen. + +And that is what i believe MB has been referring to, we obviously did not figure it out, because the dude had to come back from his SEC enforced slumber to literally serve it up on a plate via a tweet. + +It essentially comes down to this logic in the past year since COVID happened, with primary dealers, aka big banks like Goldman saying “Yeah nah, we’re not gonna get fucked, let’s pump cash into the market via our HF buddies to make sure they don’t tank and continue their bull run” - *All while being leveraged to the tits…* pretty easy judgement to make from my POV. As we say, kick that can down the road. + +**TL;DR** + +* The Feds ON-RRP are really nothing to be worrying about, let alone posting everyday. As soon as rates go up high enough, Money Market Funds (make up majority of ON-RRP volume) will take their cash elsewhere (we’re starting to see this already) +* Hedge funds are not involved in ON-RRP as they are not “on the VIP list” if ya get what i mean +* ON-RRP is not used to support margin/trading functions +* Treasury securities that are rehypothecated are not being shorted (it’s purely illogical) +* Margin balances are fucked at $800b+ an \~83% increase from last year. It really feels like they are trying to prop the market up via speculative and spectacularly dumping cash into the market (don’t forget the increased presence of retail in these markets now as well) + +**Counter DD** + +The first part of the DD tends to go against the grain of [https://www.reddit.com/r/Superstonk/comments/o9aanm/black\_monday\_events\_are\_mondays\_which\_experience/](https://www.reddit.com/r/Superstonk/comments/o9aanm/black_monday_events_are_mondays_which_experience/) which is u/Criand’s post about RRP in some areas. To note, i agree on most points about the spikes re EOM dates. + +The thing i have the largest disagreeance with is that the Feds ON-RRP operations are something to worry about. As soon as rates go up to a certain level, MMFs will start moving their cash elsewhere and ON-RRP volume will shrink again (and treasury balance for the Fed increases as a result). My prediction is that we’ll enter a similar cycle before 2020 where rate increases become more abundant (we’re seeing hints of this already with recent 5bps increase). + +Edit: Fuck. Ignore the orders of magnitude part. I overshot big-time 😅 10\^6, 10\^12, 10\^18, far more than two orders of magnitude. It however may be referring to different events 🤔Let me know your thoughts in the comments! + +# Edit: + +Thanks for taking the time to read, judging by the top comments while I was asleep, it looks like i succeeded in creating some awesome discussion and further thoughts on this topic! I encourage you to take this further and write even better DDs that help promote our knowledge within the sub on the matter! + +Thanks for the great comments u/Longjumping_College, u/Criand, u/lightwhite u/Modswithnobods! +Hi everyone! After days of beating around the bush I am still unable to find information on how I can replicate the following portfolio in Europe. +http://www.lazyportfolioetf.com/allocation/ray-dalio-all-weather/?source=content_type%3Areact%7Cfirst_level_url%3Aarticle%7Csection%3Amain_content%7Cbutton%3Abody_link + +I'm trying to find either the exact ETFs or something like them on Degiro. + +To be specific, I'm unable to find/decide on which bonds to buy. How to buy commodities? Paper or physical? + +As you can see I only have stupid questions, so please be kind to me. + +Thank you. Looking forward to your comments. +There’s a lot of experienced and skilled folks here and we’d love to learn what strategy you use/works best for you. Us beginners are scouring the internet trying to piece together a strategy and I thought having a centralized strategy playbook might help us test/paper trade it to quickly find a favorable one. + +(If this is against any rules or not value add, please go ahead and remove) + +Thank you! +I am a bit surprised by often it is said that you will not be able to make money after being out of work for several years. Therefore you should aim for a 2-3% withdrawal rate instead of 4%. + +But even if you aim for 4% or even a riskier 5%, I can't imagine it would be so hard to get back into the job market if the market crashes or something happens. It might not be as well paying as the job you had before, but with technical skills and the ability to learn, would really an employer say no? + +If they did, could you not do a gig job, drive uber, work for Amazon, etc? Or start a company mowing lawns? + +For me, it seems like people here are stuck in boring jobs for years because they want to feel 100% secure, but the fact is that you can never be 100% secure no matter how much money you have. You can get cancer, get in an accident, etc. As time goes by, the changes get higher and higher for something to happen. + +Therefore, it seems safer to retire earlier with a higher withdrawal rate to enjoy life now, than to work longer and risk something happening to your health or life. +Basically, I want to start preparing for future things like a wedding and a home and I'm not sure when or where to start with that. My main goals right now are proposing to my long-term gf next year (so i'll need a ring) a wedding in 4+ years, the honeymoon after that, AND I have a personal goal of starting our marriage with a nice little starter house that we can hopefully move out of and rent when our future children reach school age. + +From my very basic understanding I feel like I should open a money market savings account, use that to buy the ring, and then use it to save for the next three things. She would also be saving up after our engagement. I also believe we could each get a little help from both our parents. + +So I was wondering, am i missing anything? Is there a better answer to my problems? Am i worrying too much considering I'm not even engaged yet? Thank you for reading:) +So I (21F) have my first “big girl”job, and am able to enroll in the 401k they offer in a few weeks. They match I think it’s 100% of the first 3% we contribute. I’m aware that this is essentially free money and it would be stupid to not take advantage of this, but in a lot of research I see people also advocating to open a Roth IRA account, and max it out 6k each year. + +So I have a few questions, would it make sense to enroll in both or is one better than the other? I also will be filling taxes for the first time this upcoming year, will I have to pay taxes on either of these accounts? + +Some info that may or may not be relevant: +- I do plan on going to grad school later, this isn’t my final job +- after taxes I take home $2,200, and currently make about $1,000-3,000 a month from my business, which I plan on scaling up in the next few months, so I think I would be fine making contributions to both +- No debt besides an $8,000 student loan, haven’t really been inclined to pay this off bc of the possibility of cancellation + + +Thanks and any other advice or recommendations is greatly appreciated!! +As title states, I am signing my closing tomorrow for my refinance! + +I just turned 28. I bought my house March of 2019 (turned 27 at that time). Even though my credit scores were 780, I got 4.75% int rate.. which was slap in the face because I always paid more each month for any loans I had. + +Prior to getting a mortgage, I was able to pay off my 25k student loans in 1 year (worked 7 days a week with 2 jobs). Paid off my Mazda 2016 isport year and half. + +Due to this pandemic, I was one of the lucky people in this economy that was able to keep my job and will have my job since our company just made more money due to pandemic. (I work for private equity in NYC). + +I have plenty of savings and cash to put more money in the stock market and also decided to look into refinance and glad I did. I went from 4.75% to 3.25%! It’s going to save me $400 a month! (Closing cost ~$4500) Planning to still pay my mortgage off in 4 - 5 years though. +Good morning everyone! Happy Tuesday :) + +*This list is geared towards day trading. With the small cap stocks especially, I am typically in and out very quickly, only occasionally longer than 5 minutes, usually faster scalps.* I am also constantly watching the candlestick charts and observing price action and volume, and you should be doing the same if you want to trade these stocks. Always have a plan when you enter a trade (for profit taking and for taking a loss), and use proper risk management. + +**Main Watchlist** + +* Gapping UP: GME, EYES, ANPC, MARA, RIOT, CAN, NVTA, TLRY, TSLA, AMD, RIDE, NIO, SPCE, +* Gapping DOWN: ACAD, SFIX, DKS, UVXY + +**Small Cap Watchlist (*****under $10*****)** + +1. OGEN: Gapping up on COVID-related catalyst. Seeing good volume and price action in the premarket. +2. GTBP: Gapping up on a news catalyst. Seeing decent volume and price action at the moment, but I'll want to see a bit stronger price action. +3. OPGN: Gapping up on momentum from yesterday. Saw a good day of trading yesterday, so just be cautious, as this could get overextended. Broke down through premarket support at 3.25, I'll be watching to see if it can regain upwards momentum. +4. TRIT: Gapping up after announcing partnership. Seeing good volume and price action in the premarket. Has already seen some volatile price swings, so I'll keep an eye on it. +5. INVO: Gapping up on a news catalyst. Seeing good volume in premarket, but price action is showing some weakness at the moment. I'll want to see more strength. +6. NNVC: Gapping up on COVID-related catalyst. Seeing lowish volume, but I'll be watching to see if volume picks up. Currently holding above premarket support of 5.25, we'll see if that holds up. +7. LIZI: Gapping up after reporting earnings. Seeing decent price action in premarket, but on low volume. I'll want to see volume pick up a bit. + +We are looking to open in the green this morning. Not a lot of red this morning, and most stocks are trading higher in the premarket. SPY is currently trading at over 385, and hopefully the strength we are seeing continues throughout the week. We could still see some choppiness, and I'll be watching UVXY to take advantage of any volatility we may see. Tech has been beaten down a lot recently, I'll be following this for the rest of the week. Bitcoin is up a bit at the moment, trading around 53,900. Bitcoin-related stocks are up in premarket trading as well. Marijuana stocks following the market trend and are trading higher as well. Gold and silver also going to open green, and oil continues its momentum as well. GME is trading higher in premarket once again, and I'll be keeping an eye on it throughout the day. Lots of stocks gapping up today. Take your time and don't force trades. If you had a good trading yesterday, *make sure to not chase that high.* Stay disciplined. + +Remember to use proper risk management, make sure you size appropriately for your account, and have a plan for every trade you enter. Happy trading everyone :) +In summary: Money management is crucial, avoid revenge trading, respect your plan and never ever increase position size from one trade to another if it has the same risk! + +&#x200B; + +I started to take day trading seriously sometime last fall. My main motivation behind it is to create an extra source of income to improve my life quality. The idea of making a few 100s$ per day appealed to me especially as I got more freedom at home in last year. If you started sometime you are probably in the same bout. + +The idea of making 2x while risking 1x is simple which is I think most people try this path. Why did I come to to the conclusion of not wanting to day trade anymore: + +Reckless money management after losing trades. You probably hear this a lot from anyone who is successful in this industry. I found that I had no problem exiting trades when my stop area hits (well most of the time at least). For one reason or another, when I lost during some trades I decided to increase my position size to gain back what I lost. This of course worked many times but when it does not it becomes painful. Everyone say it, everyone tells you about it and you make that mistake anyway. (even if you are hedge fund by the look of what happened in some of the meme stocks). The first time happened in early April for me where I was finally seeing more consistency in my results. at the point my trades carried a $50 risk and my reward was $75-150 depending on the setup. I lost two trades in a row, my rules were to never lose more than 2 times a day. Even on a good day, I never trade a lot of stocks, just 5 trades or so and then call it a day. that time I decide to increase my position to risk $100 then I lost followed by another loss which put me at -$300 for the day. I decided to take a step back and rethink what I did. + +I came to to the conclusion to decrease my position size to only risk $10 until I can get back to my confidence. this worked as since middle of April until middle of May I went back to my setups and stats made since. I made back what I lost and then some (relatively easy with just -$300). + +Last week I lost a trade which happened at least every other day or sometimes every day, then I decided to increase my size to get it back. this was on Monday and worked. I felt bad because I know what I did was wrong so I took Tuesday off and went back to it on Wednesday where I made the same mistake but this time I lost. after a series of bad trades I ended with -$200 for the day. I believe I paid more in commission than my average win or loss since the early April mistake. + +If you were to ask about me, I always follow a plan, I always respect my self imposed rules. this is why I believed I can succeed in the market. If you are able to do it on your account, I can promise you will succeed. I could not. I am thankful I respected my hard redline though which was if early April were to happen again, I will leave. I know the losses you see on here are small relative to what others might endure before calling it quits. However, if I were to do this after I become a successful and consistent trader where I would lose 5-10X the amount I am willing to risk per day then I will wipe out my account. + +I am not done with stocks as what I learned from here will be applied to my investing which is longer term. + +&#x200B; + +If you have any questions especially if you are starting out I will happily answer them. If some people are interested, I can make a thread about the setups that worked for me and why the fail. Or what you should and should not pay for to learn day trading. + +&#x200B; + +Edit: thanks for awards. +Hey everyone, + +Long time lurker, first time poster on here. Such a great resource, loved reading all the threads! + +I started a AJBell YouInvest S&S ISA the beginning of the year. Maybe beginners look but i have done ok, with an initial £20K i have made £3K gains in the first three months. + +My strategy (if you can call it that) is to buy shares when they are down quite a lot from previous performance, but have long term promise (ie FB, ASOS). I also always sell my shares when they achieve 15-20%+ growth to minimise risk/not be too greedy. The issue now is that i have been sitting on the gains and haven't really spotted anything that spikes my interest. So my Qs are as follows: + +\-What UK resources do you read/recommend for stocks analysis? Are there any good alerts or newsletters worth signing up to? I have a slight skew towards UK stocks as its cheaper to trade + +\-I know my strategy is fairly risky, and should probably diversify with a S&P and/or FTSE tracker, any recommendations? + +\-I already own a flat in London, so don't need a LISA. My pension needs a lot of love (36 with only 12K) and i have a LTD company (freelancer)...any other general advice, welcome! + +&#x200B; + +Many thanks +I’ll keep this short and sweet (or bitter rather). + +As the title states, Sallie Mae recently raised my interest rate to 10.75%, my loan amount is 28k. I have called them multiple times and have tried to get it lowered to no avail. + +What are my options? Currently I’m paying $250 in interest alone every month and my total monthly payment is around $360. I’ve been paying around $500 each month to try and chip away at it faster but I realize that it would be a lot faster if I also reconsolidated this loan and also paid 500 every month. + +What are some good loan reconsolidating options? I’ve tried my bank but they don’t offer student loan reconsolidating options anymore. I’ve gone to my parents since they have excellent credit and asked them if they could reconsolidate it for me by taking a personal loan (they could probably get a rate of 3-4% with their credit) and I would just pay them every month instead of Sallie Mae but they shut that idea down and are not willing to help. + +What can I do? Any help/criticism would be greatly appreciated and I can provide some additional info if needed. + +Edit: To further clarify, I know I signed up for variable rate but was told as long as I make the monthly payments on time they wouldn’t raise the rate on me (if that’s wrong I understand, that’s just what I had been told) + +For the past 1.5 years I have been making the minimum plus an extra 150-200 dollars, but my interest rate has increased by 3.5 points. + +Edit 2 from what I’ve learned before I go to sleep: + +1. Always choose fixed rate over variable +2. Shop around for rates instead of sticking to one financial institution +3. Interest rates can fluctuate for various external reasons (hence always choosing fixed rate) +4. The people of Reddit are very helpful! + +Thanks everyone! +On a related note, we really need to fund ICOs in stages as they reach new milestones, not a lump sum at once. Will this ever become the standard or will FOMO drive all our decisions till we self implode? +Holy moly! + +[Ryan Cohen to Become Chairman of the Board Following Annual Meeting](https://investor.gamestop.com/news-releases/news-release-details/gamestop-announces-slate-director-candidates-2021-annual-meeting) +MOASS is only possible if we ALL hold through 1,000, 10,000, 100,000. Remember that they HAVE to pay us, either the system has the largest FTD in history, or they pay. + +You may think you’re being smart by skipping out before everyone else, but remember that you are never the first person to come up with any idea, nor the last. We have likely ALL thought long and hard about selling on the upswing. After all, how high can this thing go, really? + +This is about your future. Do you want to invest in equities after GME? Do you want companies with great ideas to have a fighting chance in this market instead of being preyed upon by large HFs? Do you want to show the the whole world that the tides have changed, and greed will no longer go unchecked? Do NOT waver. Literally every single time any one of us sells a share, it makes us weaker. It shows the enemy that we aren’t what we say we are. + +This is a bitter siege, and the hardest time to keep our gates closed is when we’re winning. Hold. +Like the title said, I am currently 19 years old, I have a fiancé, a 2-year-old and another baby on the way currently. I’ve been trying to save money for the future but I can never seem to budget properly. + +I started a new job about 2 months ago, but will be moved to a new position sometime soon making a lot more. My biggest thing I want to know if how I should start investing for the future. + +I don’t know much about the stock market, I do currently have a Savings Account I’ve put a bit of money away in, but it only has a .01% interest rate… Im not sure if my best bet is it make a 401k, or try finding a Savings Account with a better interest rate? + +Im open to answer any question you may have to help my situation, so if you need to know anything, just ask, and don’t worry about any sort of questions ‘hurting me’ because I’ll be fine. I just want to make sure my family doesn’t have to struggle like I did growing up! +I've been a long-term lurker on these boards. I notice a LOT of people here prefer to invest in companies that pay out monthly dividends over quarterly. If you rely on those dividends for income it makes complete sense. It's a lot easier to manage your money with constant monthly flow of income over large chunks every quarter. For the purpose of this post, if you're one of those people disregard everything else below. + +That said, a lot of people I notice reinvest the dividends back into the company (As do I) and in those circumstance I'm confused why people don't even consider some really great dividend plays because they pay out quarterly. I'm aware of the impact compounding interest has but it's not enough to disregard a significant portion of the assets on the market. + +**Let's take a few examples below:** + +* $10k upfront plus 2k/annually with 1% share growth and 1% dividend growth: +* Paid Quarterly: After ten years: $43,024.42 +* Paid Monthly: After ten years: $43,082.59 +* Net Difference: $58.17 or 0.135% more over the 10 year period. + +**Here's another example.** + +* Let's assume the quarterly dividend stock above now appreciates at 2% instead. +* Paid Quarterly: After ten years: $45,963.58 +* Net Difference (from monthly above): $2,878 or 6.68% more over the 10 year period. Now that's a material difference. + +**TLDR: Stock Quality, Dividend Rates, Historical Dividend Growth, Company Moat / Growth are all far more important than Monthly vs. Quarterly dividends.** + +*Small, unnecessary and non-material point but worth nothing: paying out monthly dividends incurs additional costs to the company in management overhead and fees so companies are impacting their cash flow and thus growth prospects to pay more regularly.* + + +EDIT: Lots of comments about income and budgeting. This post is specific to those who reinvest their dividend back into the market. +pretty much so many channels of people telling you how to get into REI with no money and making millions fast. + +&#x200B; + +then they tell you all you have to do is buy their book or attend their seminar. + +&#x200B; + +just seems like they are making money from these sales more than REI, and i don't know how to feel about this? + +&#x200B; + +how can you tell if they know anything or are just trying to sell their lies and cash in? +Hey day traders, + +I had my best month ever in April with day trading options. My portfolio started around $13,800 and finished at $20,000 on the dot, for roughly $6200 in profit (and almost 50% overall). + +I traded \~1100 contracts in total. + +My entry parameters are quite simple - I use pretty much **only** support / resistance for my entries, along with some small looks at volume, and sometimes some technical analysis parameters. + +My exit parameters are split as: 1/4 @ 30%, 1/4 @ 50%, 1/4 @ 100%, and the last 1/4 of my contracts as runners until weakness / targets + +My stop loss typically ranges in the 20-30% range. + +If you want to see me explain my strategies more in depth, along with proof of my trades and profits, I released a Youtube video showcasing it! + +The video goes over 3 of the many trades I took, and I explain exactly **why** I entered, and where I exited. + +Options have been a tough journey over the last year, but I'm glad it's finally clicking - This is my longest sustained period of profit (I've been successfully trading crypto for a few years). + +Here is the video, I'd love to hear any feedback / comments / questions! [https://youtu.be/6rXCHFmiU-s](https://youtu.be/6rXCHFmiU-s) +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 +I keep getting price alert emails from Netflix, Prime etc. once in a while and I ignore them because it's just a quid or two each time. + +But I calculated the sum of all the non-sports streaming services and it is just ridiculous. Worst part is, some films are not even free despite all of this. You still have to 'rent' or buy them separately. Even the content is getting transient - a title might be available on a streaming service for only 6 months for example. + +This doesn't even cover music streaming! + +Netflix: £13.99 + +Amazon Prime: £5.99 + +Now TV(Entertainment Pass): £6.99 + +Now TV(Movie Pass): £9.99 + +Disney + : £7.99 + +**Total: £44.95** +We have been struggling for a while and all I’ve wanted to do is lift us up and get us in a better spot, so when I got this call, it brought such a wave of relief and gratitude. All I want is to bring my wife and daughter the best life possible, and the idea of someone offering me the opportunity to give them more was nearly overwhelming. + +Thank you for reading and I offer my best wishes to all who are struggling. Take care everyone 🙂 + + +Edit: Thank you so much for your congratulations, encouragement, advice, and similar success stories. I’m grateful to you all and grateful for the opportunity I’ve been given. Thanks again and take care everyone :) +In 2020 I decided I was going to get retainers. I spoke with my dentist that I see every 6 months and they mentioned that they recently added the ability to do Invisalign. I shopped around between a few other places but the dentist I have gone to for the last 10+ years was giving me the best price. + +They gave me a document that showed what is cost, how much insurance would cover and what I would have to pay out of pocket for an additional small discount for me to pay without financing it. I paid the full cost up front and went through the Invisalign retainers over the course of a year. Everything went fine no issues. + +I just got a call from the same dentists billing department claiming they need an additional $1500 because the insurance is covering less than they originally thought. + +I'm not liable to pay them any more money, right? If I had know they we're going to be $1500 more I would have used one of the other options which would have been cheaper considering the additional $1500. +I'm an older software developer with a family. + +2+ years I thought it would be fun to make an algo to trade stocks and rolled my own super complicated local Python app using tensor flow etc. that totally failed miserably. + +I came here after and got super depressed, but also realized that alpha is king, and so is the idea. + +I moved to QuantConnect and came up with some really simple ideas, and one worked and after extensive testing brought it live (real money) in January. + +It failed hard, but I didn't give up. I fixed the bugs, and worked with QuantConnect to fix theirs. + +I brought it live again 1 month ago and it's now profitable and following back testing (so far). So I guess, don't give up. I'm not special. + +Algo stats (2015-2019 June 8th backtest): + +* 3.77% / -2.80% avg win / loss +* 65% win rate +* Compound annual return 332% +* 2.475 Sharpe +* Total return over this period 62,158% + +As a note I always back test from 2001 until now, but I only had this one handy. Surprisingly the algo usually trades better in 2008 and bear markets. +TLDR: We bought our first investment property and after running the numbers, I believe we would have done better putting our money in the stock market. + +We bought the property based on hearing so many people talk about how incredible real estate is as an investment (Bigger Pockets, our realtor, and many wealthy older people). Now that all is said and done - we did our repairs and have renters in - I did a full projection of our property with some estimated (conservative) appreciation, all of the tax benefits, etc. In the end I think a conservative stock portfolio managed by a professional would do better over a 10-20 year period. I believe that our house will perform decently compared to other real estate investments, so this question isn’t about our house in particular, but really all real estate vs stock market decisions. + +I’ve talked to a few people who have invested in real estate about this, and they seem hung up on the real estate return figures. I can’t get them to realize that just because you’re not actively losing money doesn’t mean you’re not leaving money on the table. + +At this point I’m pretty confident that I’ll put the rest of my savings with an investment firm, but I want to make sure I’m not missing some huge opportunity in real estate. +Disclaimer: I'm not a vegan. + +A few examples of what I mean with the title. + +"You still use banks? I unbanked myself." = "You still eat meat? I'm vegan." + +"Bank refuses to process my payment to a crypto exchange." = "Why doesn't this restaurant offer any vegan options?" + +"Why is X coin price not going up, while Y coin is pumping for no reason." = "Shouldn't the increased popularity of almond milk and oat milk have caused the price of soy milk to go down, not up?" (Literally on the front page of the vegan sub. I'm dying). + +2nd Disclaimer: Being invested in crypto nor eating a vegan diet is bad, pushing the idea everywhere is. + +But think about it. With families coming together over the holidays. Do you want to be the family member pushing his ideas to anyone there? Is it so hard to just be normal for a day or two? + +Even if you think you are helping, if someone is not interested, understand it. It's not for everyone, yet. + +**TL;DR: Do what you want, but don't push your ideas to everyone around.** + +Happy holidays everyone. + +Edit: As a comment by [**chriswuz**](https://www.reddit.com/user/chriswuz/) pointed out: + +"I think the post is about that phase where we discover new ways in life and we forget about friends and family just talking about that. It really sucks to be around someone only talking about a single subject and trying to turn everybody to it." -This, and it goes for any topic. +# [Youtube Link](https://youtu.be/YwD3ughlZYc) + +Nomi Prins is a geopolitical financial expert and investigative journalist who sheds light on the dark corners of the global economy. + +She quit her job on Wall St to become a journalist and a bit of a whistle-blower. She was a managing director at Goldman Sachs, ran the international analytics group as a senior managing director at Bear Stearns in London, and worked as a strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. + +She became an investigative reporter to clarify the methods by which monetary systems (like the central banks/Federal reserve) are manipulated to serve the interests of an elite few at the expenditure of everybody else. + +[https://nomiprins.com/](https://nomiprins.com/) + +[https://twitter.com/nomiprins](https://twitter.com/nomiprins) + +As with all of our guests, she was really impressed by the community's questions, so thank you to anyone who left a well thought-out question on the question thread. +If someone dies without any close relative and no legal heir, what would happen to his/her assets after her death? What would happen in case he/she has a term insurance? Who would get the payout or there would be no payout at all? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* 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 bought a 2 bed, narrow terraced house in zone 2/3 London for ~£400k in 2018, and have lived here without having done much aside from the odd paint job. I'll be here for another 5+ years. As is, the house is liveable but I don't enjoy it. I crave quiet, enclosed rooms and an outdoor space (a side effect of WFH/lockdown). I'm now in a good financial position to get my crumbling bathroom replaced and refresh my tired kitchen. I've budgeted £15k for this. + +I'm considering an alternative - [rejigging the entire ground floor](https://imgur.com/ZvqBBDH) so that the space is better utilised (there is no room upstairs for a bathroom). It'll transform the way I use the house, but will likely cost upwards of £40k. I'd need a loan, but I have £2.5k/month disposable income after all regular outgoings, so it's not a huge impact for me long-term. + +Would it be a sound investment for when I come to sell, or am I being rash and letting the lockdown influence my judgement? The current ceiling price on my street is £450k. There are some houses a few streets away who have done what I plan and sold this year for £495k, but they're also 5min closer to a zone 2 tube station so it's not a fair comparison. +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. +I bought a property and the person in the basement is leaving so I thought I would go live there (currently living with parents) and so I can fix anything that goes wrong in the building. I'm just concerned about maybe a lack of light during the day and maybe noise? I'm doing this mostly because the basement is quite spatious and don't need anything bigger. Would also save money instead of buying a condo. +Looks like quite a few Australians are amongst the richest 1% in the world and probably don't even realise it. (or maybe even think they hate the 1% and still think of themselves of relatively poor) + +Source: global wealth report, although I read about it here - [https://theconversation.com/we-are-the-1-the-wealth-of-many-australians-puts-them-in-an-elite-club-wrecking-the-planet-151208](https://theconversation.com/we-are-the-1-the-wealth-of-many-australians-puts-them-in-an-elite-club-wrecking-the-planet-151208) + +I know people will say "but it's all in property or super, it's not like we can spend it". But tbh most people's money is tied up in investments. It's not like you need this in your account for it to be real, and for those at age 60, super does become available and we're all free to sell our homes whenever we want. Technically anybody at this point could move almost anywhere in the world and live as the 1%. + +Interesting thought. Puts it into perspective I think. + +Note that I don't happen to be one of these people, I'm young and it's likely the older part of society that are mostly going to fall into this category and be unaware. Rich people know they're rich, but an average older Australian that just got lucky by buying two houses back in the 70s and has led a modest life is unlikely to even realise how wealthy they are compared to 99% of everybody else alive. + + +Additional info - if you have more than $147,038 you're already in the top 10% +In the process of getting a HELOC. Good credit, high income, ~45% equity in the house. Should be a no brainer. + +Underwriter keeps kicking back my application because the gross income reported by my company is about $10K higher than my taxable income on my W2. + +This is entirely because of pre-tax deductions for health insurance premiums and HSA contributions. + +The keep getting hung up on this "discrepancy" and asking me if maybe I got a second W2 from my work that shows "the rest" of my income. I'm like "it's right there in Boxes 12c and 14 of my W2, don't you know how these things work? You're a **** bank for crying out loud." + +Grrrrrr....... + +EDIT: The escalation from the manager was rejected. I sent them a very politely worded nasty letter saying their underwriting department was costing them business by blindly implementing bad guidelines and am moving on. +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! + +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +Your markets are run by bots. Now your 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) Last ban length: 1,048,576 days + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +This project just launched few days ago and built up a huge TVL of over$2bn in a matter of just days and was being celebrated across defi universe, and got listed by a lot of DEX exchanges in a matter of days. + +DeFi social media was abuzz with discussion of this, and the incredible APYs on offer. + +[Glimpse of the mouthwatering APYs! ](https://preview.redd.it/odhibipkbp571.jpg?width=1260&format=pjpg&auto=webp&s=c92a383732d8baeff6fbc776ae095267915845a4) + +This screenshot was taken just few hours ago. Well, as luck would have it... this whole thing crashed and looks like a rug pull, the price has now gone down to below $2 + +[Current price of Titan: 1.02 USDT](https://preview.redd.it/ridi1pn0dp571.jpg?width=1334&format=pjpg&auto=webp&s=1a4884154db38fbd90605c4be4005d7963ece290) + +&#x200B; + +[Mark Cuba's blog post explaining how he decided to farm Iron\/Titan. ](https://preview.redd.it/y4s9v6mpcp571.jpg?width=1242&format=pjpg&auto=webp&s=d6b615bd80aecd4e91a63a23d75d092f6758eef1) + +Cuban, a billionaire, could easily stomach whatever loss he had out of this. + +&#x200B; + +[Those who took loans to buy this at $50, can they?](https://preview.redd.it/w2fv561edp571.jpg?width=750&format=pjpg&auto=webp&s=ca42bfdf3723a84d977f2a684455ddec6afd5aa2) + +# Updates: + +This is an ongoing situation, and now, the price has crashed to $0.00017. Yup, from $60 to $0.00017 in about 4 hours. Absolute disaster. + +[And the rug pull is complete!](https://preview.redd.it/mmtrwcdq1q571.jpg?width=1440&format=pjpg&auto=webp&s=0f2eb23975d4408528c2bfac9af19e9076cd1d2e) + +The team calls it a "bank run". Lol. + +~~Mark Cuban~~ Michal Cuban says "he was also affected but got out". Hmm wonder what that means +Looks like we have collectively saved over $200 billion this year while staying in lockdown, $167 billion over pre-pandemic levels. The govt feels there will be a spending spree once lockdowns are lifted, boosting your GDP and firing that economic rocket. + +Surely this will kick the ASX even higher. Are there any specific stocks that y’all think will go up faster due to this, I am thinking JB, Wesfarmers etc. + + https://www.afr.com/policy/economy/post-pandemic-war-chest-to-top-200b-20210903-p58oi +All of this is allegedly and is not Financial advice. + +EDIT: Apparently Vanguard only does PFOF for options and a lot of vanguard apes are not happy I included them in the title BUT they ARE fucking with apes regarding DRS long delays so the point of this post still stands. Force their hand, cancel your drs with them, transfer to Fidelity and then DRS. + +&#x200B; + +TL:DR The meat and potatoes of it all. If you use a PFOF Broker (*Robinhood, E-Trade, TD Ameritrade, Ally, Webull, Tradestation, Vanguard and Schwab) transferring first to a DRS friendly broker like Fidelity before you DRS has a great number of advantages both for the individual ape and mankind as a whole.* + +&#x200B; + +* *Many if not all PFOF brokers do not buy some or all of your shares for you when you buy them. The cost basis apes get after transferring from them have shown they scramble for shares when they get transfer requests time and time again.* +* *They take your money and use it to generate more money for themselves and hope to make profit on your shares in the meantime and then help to manipulate the price down so you eventually sell them at a lower price. As well as receiving PFOF from their overlords like Shitadel who front run and again manipulate the price down desperately.* +* *When you apply to DRS through your PFOF broker they will often quote you an unreasonably long time for it to be complete.* +* *There are countless stories from apes about being fucked around by these PFOF brokers when requesting DRS.* +* *They do this for any and all of these reasons; so they can scramble in the background and get real shares for you (sometimes taken from other apes accounts that have yet to transfer), commit yet more fuckery, cancel your transfer and hope you forget about it, buy time to stall and appease their PFOF clients, decide to charge you a fee to help cover themselves, try to figure out how they’re going to keep passing Margin Calls if they keep getting DRS requests etc.* + +&#x200B; + +==================================================================================== + +&#x200B; + +* *Why have the lending rates been so stupidly low for GME for so long? to encourage others to borrow and short GME.* +* *In fact some PFOF Brokers are even PAYING PEOPLE TO BORROW THE STOCK* +* *Why? so that they can keep up the can kicking by providing ‘liquidity’ AND put downward pressure on the stock helping their margin and leverage risk levels.* +* *What happened in January with the buy button being turned off was that with the massive amount of buy volume for GME and barely any real shares would have been available, most would FTD and the stock would rocket, market crash etc.* +* *So a lot of the shares that were sold in the January run up and since then have essentially been selling you a stock that they had no intention of delivering on.* +* *Once they’d done it a bit it only made sense for them to keep doing it again and again day after day, diluting the stock hoping the apes would stop holding and buying and price would eventually go down and save their margins.* +* *Instead they’ve just put more fuel in the rocket, a LOT more fuel* + +&#x200B; + +==================================================================================== + +&#x200B; + +* *How does Fidelity tie in to this? Fidelity had positioned themselves since selling 9m+ GME shares before the Jan run up to be in an amazing position to swallow up their rivals client bases. Compared to their competitors their margin levels and cash balance was probably VERY nice come the sneeze.* +* *We first saw them take advantage of this after January when a lot of apes transferred to Fidelity from Robinhood.* +* *It seems that instead of being easy on their rivals (why would they) and letting them do a slow NON-ACAT transfer of shares allowing delivery in 4-6 weeks Fidelity exercised their right and used their* ***FAT*** *cash balance to do a forced buy-in of every share transferred and then send the bill to Robinhood.* +* *Fidelity doing Buy-Ins and other firms scrambling to keep the Bare minimum margin requirements potentially caused the February Run up.* +* *These big fat bills coupled with robinhood being still very over leveraged by the high price of GME meant that Robin Hood had to rush a $5B issuance of convertible notes and warrants with low rates and conditions as revealed in the IPO.* ***DICEY DICEY*** +* *Now DRS is another opportunity to have Fidelity* ***fuck*** *with the PFOF brokers some more and bring them closer and closer to liquidation.* +* *A transfer from broker to broker must be completed in 3 days, putting more pressure on the PFOF broker’s margin and leverage. They can’t stall like they are with DRS requests.* +* *If Fidelity doesn't receive shares in due time they can then force a buy in from the PFOF broker once the transfer goes through and they need your shares to DRS* +* *This slams the PFOF broker as they either have to give Fidelity some of their limited supply of real shares or are forced to buy them putting pressure on their balance and risk levels AND they lost a customer.* +* *From there Fidelity have the fastest DRS times and they have gained a happy customer and damaged a competitor.* +* *If this information stops being suppressed and enough apes learn why to do this* ***then 741 comes along quicker*** +* ***741 - US Code that pertains to Broker-Dealer Liquidation and Bankruptcy.*** *These brokers will crumble and be liquidated and* ***the first BIG dominoes towards MOASS will fall.*** +* *GET out of these AT RISK SCUMMY PFOF BROKERS and make your shares REAL and under your name.* ***Speed the process to DRS up and send a big FUCK YOU to your PFOF brokers by transferring to Fidelity first and then DRS.*** +* *ITS A WIN FUCKING WIN* +* *KARMA is a BITCH* +* **DRS IS THE WAY** +* **EVERY SHARE MATTERS** + +&#x200B; + +*====================================================================================* + +&#x200B; + +The aim of this post is to try and boost the signal of this information so it gets seen and understood by as many apes as possible. I tried to distill it into as readable and short a format as possible that would still drill the point home. I still see far too many apes with these brokers complaining about long wait times and being fucked around. **Transfer and force their hand! This info needs to spread!** + +I can’t take much credit, as all DDs are this was built by standing on the shoulders of other glorious apes that stood before me and wrote quality DD. + +This DD in particular could not have been done without the post last week by u/[Full\_Option\_8067](https://www.reddit.com/user/Full_Option_8067/) whose DD **‘The Untold Story Leverage Ratios’** that goes in depth into all of this should honestly have reached the front page of reddit. I would link it but I'm scared of automod. Please click his name and read his post. After spending hours a day everyday on reddit since January I think his DD is up there with the best. As it happens it only got around 2k upvotes. Since I’ve known this and observed this info not being common knowledge for apes like it SHOULD be I decided to make this post and spread it. There are strong reasons to suspect that his post was suppressed and others have also experienced the same shill attacks when talking about this so please help this info spread among apes! + +I’ll leave you with something I typed in my notes during a period in which I got very angry researching and writing this, me screaming into the void is now me screaming on reddit :) + +FUCK YOU, PFOF BANKSTER SCUM. You’ve smiled at your customers' faces and then stabbed them in the back repeatedly for years! Making billions and trillions from the hardworking Public by selling them IOUs in place of shares and selling their trade data to trash like Shitadel and hiding behind “we offer free trading”! Now we’ve turned around and we see the knife thrusts coming and we are throwing counters! Eat these transfers, eat this DRS you scum! + +**HOLD** + +**TRANSFER** + +**DRS** + +**EVERY SHARE MATTERS** + +PS I think for euro and international apes having trouble with their brokers to DRS the closest equivalent to Fidelity is to transfer to IBKR then DRS + +&#x200B; + +FIN + +&#x200B; + +All opinions expressed by the me are solely my opinion and do not reflect the opinions of anyone else. + +You should not treat any opinion expressed on this message as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of an opinion. Such opinions are based upon information I consider reliable, but I do not warrant its completeness or accuracy, and it should not be relied upon as such. + +I am not under any obligation to update or correct any information available on this website. I am an active shareholder of Gamestop stock. + +Also, the opinions expressed by me may be short term in nature and are subject to change without notice. + +I do not guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed from my reddit account. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned on this website may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. + +You must make an independent decision regarding investments or strategies mentioned on this website. Before acting on information on this website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser. + +None of this is insider trading and is all publicly available information. +BlackRock had over **$8.68 trillion** in assets under management \[[December 31, 2020 financial statement](https://www.blackrock.com/corporate/literature/annual-report/blackrock-2020-annual-report.pdf)\] in more than 100 countries across the globe. + +BlackRock has a division called the BlackRock Investment Institute (BII). [See Here](https://www.blackrock.com/us/individual/insights/blackrock-investment-institute) . The BlackRock Investment Group's job is to tell BlackRock what is going to happen around the globe and direct BlackRock where to invest money by predicting political events + +The Chairman of the BlackRock Investment Institute is **Tom Donilon.** A former National Security Advisor and advisor to current President of the United States + +* Tom Donilon’s brother, **Mike Donilon** is also A Senior Advisor to our President {[link](https://nypost.com/2020/11/20/joe-biden-names-white-house-personnel-legislative-chiefs/)} providing guidance on what policies should be implemented within the administration.  Mike Donilon guides the focus of spending, budgets, regulation and white house policy. +* Tom Donilon’s wife, **Catherine Russell**, is the White House Personnel Director {[link](https://nypost.com/2020/11/20/joe-biden-names-white-house-personnel-legislative-chiefs/)}.  In that position Donilon’s wife controls every hire in the Office of the Presidency. +* Tom Donilon’s daughter, **Sarah Donilon**, who graduated college in 2019, now works on the White House National Security Council {[link](https://www.dailymail.co.uk/news/article-9702887/Obamas-ethics-chief-criticizes-Biden-string-family-related-hires.html?ito=social-twitter_dailymailus)}. Out of college for 1 1/2 years and she is on the NATIONAL SECURITY COUNCIL. + +So BlackRock's Tom Donilon’s job description is to: “*leverage the firm’s expertise and generate proprietary research to provide insights on the global economy, markets, geopolitics and long-term asset allocation,*” and he is a Presidential Advisor, his wife is in charge of White House personnel, his brother is Senior Advisor to the President, and his daughter is on the National Security Council. + +Watch where BlackRock puts their money and you can predict what might be happening soon in the world. It is very dangerous to have such a huge corporation with so much control in the government. I am sure they have many Senators and Congress Critters from both parties in their pocket also. + +This is the company buying up Real Estate all over the country and I have seen articles coming out advocating for people to not own property but to be RENTERS. + +So hopefully they help with MOASS, but will probably gain much more moeny and power. I plan on putting my moass money into off the grid living and convert it to things other than USD currency. +i bought 80000.00 eth in the ethereum presale. like a fool I got rid of it all for about $48000.00 in oct 2015. i thought i was doing good because i made money from the time i bought to the time i sold. about double the money or something. i got nervous because the price went up and then crashed in half and the dao hack happened and i thought i would lose everything and i panick sold it all. then i kept watching the price go up and i realized i had made the worst mistake of my life it would have been worth 16000000 usd today. so the lesson i learned is dont sell it! price goes up and price goes down. dont panick when you see it go down and sell or you will regret it. there are so many amazing developments happening every day in this space. even if there is a bubble there is far more upside ahead of us in the long run. we are going to change the world. i learned this lesson the hard way. the technology matters. dont get short sighted. im now buying back in that coins are cheaper and this time im not letting go. signing this message with my private key so you can see this is true. 10 JUL + + {"address":"0xbfE3a1Fc6e24c8F7B3250560991F93cBA2cF8047","msg":"i bought 80000.00 eth in the ethereum presale. like a fool I got rid of it all for about $48000.00 in oct 2015. i thought i was doing good because i made money from the time i bought to the time i sold. about double the money or something. i got nervous because the price went up and then crashed in half and the dao hack happened and i thought i would lose everything and i panick sold it all. then i kept watching the price go up and i realized i had made the worst mistake of my life it would have been worth 16000000 usd today. so the lesson i learned is dont sell it! price goes up and price goes down. dont panick when you see it go down and sell or you will regret it. there are so many amazing developments happening every day in this space. even if there is a bubble there is far more upside ahead of us in the long run. we are going to change the world. i learned this lesson the hard way. the technology matters. dont get short sighted. im now buying back in and this time im not letting go. signing this message with my private key so you can see this is true. 10 JUL 2017","sig":"0xf158dd8f9bcf866cf35472c38b1786bf507ae615b69f7f955e49edac081a4898570508c62f2eca9efface4a2c36c71e67fec7989a003a3b81d24c8cb5aa785a91c"} + +**EDIT:** I replied to several comments but I think since my account is brand new on reddit, nobody is seeing my comments. To answer question about price, I think I paid somewhere around $0.30 per eth originally at issuance. + +in answer to another user /u/Codyktt yes at least i didnt lose money your right. i should be happy about that and not worry that i missed out. its just hard knowing i could have been a ten plus millionaire. honestly i havent invested in other currencies because i dont think any of them have had anything really special about them like ethereum. so my advice is stay away from the junk and only invest in things you feel really good about. i felt good about it but panick sold it unfortunately. but im back in now because i still believe in ethereums long term potential and i want to help code up some novel applications. + +in answer to /u/d4f6 so if you look at my account history youll notice two major sales, one was like sixty percent of it. the plan was sell out and make my original money back then hold the rest no matter what. but then i saw the hack and all the bugs early on and the price kept going down and i just had an emotional moment watching it go down thinking i should at least get something out of it while i still can plus i really want a new car. boy was that a mistake. i let my fear of watching the price go down go against the logic of just doing nothing and holding for the long term. so i advise everyone to really think about the long term of the technology and its promise and sometimes doing nothing and just waiting it out is the best thing you can do + +**EDIT 2** someone pointed out I did this before the dao hack. i think i just conflated events in my mind and used the dao hack to later justify my sell in my head. it was two years ago so i dont remember exactly what caused me to panick sell, does anyone recall events at the time? if i recall correctly the price had gone up but then crashed by about half of the value it was at from over $1 to like $0.60, and i think there were some bugs found at the time that was allowing for dos attacks that didnt completely break things but caused major, problems. mostly i think it was the price going down that i just one day panicked and sold and later the dao happened and i must have conflated them in my mind. either way the key point here is that there are a lot of smart people in ethereum and the community weathered the worst of attackers and bugs and came back stronger and i shouldnt have sold. today we are watching a decline and yet the future in this space looks amazing so we shouldnt lose faith. + +**EDIT 3** /u/Dunning_Krugerrands had a good explanation that jogged my memory of what spooked me and made me sell it all at that time: + +> "October 2015 I think the price fell from >$1 to 66¢ because at that time the [Ethereum foundation looked like it was going to run out of money before even reaching homestead](http://www.coindesk.com/ethereum-bitcoin-decline-9-million-funding-shortfall/). Stephan Tual resigned in protest about giving Eth away to early contributers" + +Tl;Dr 2 weeks ago a Health Club I didn't know charged me 500 dollars. It took two weeks to get the money back. Always ask for the fastest option... + +Two weeks ago, I posted [this thread asking for advice](https://www.reddit.com/r/personalfinance/comments/dcb19e/gym_sold_my_bank_account_to_another_gym_500_charge/). I had woken up to a 500 dollar ACH withdrawal from my checking account by a Health Club I didn't know. + +After some digging I found out that my Old Gym (OG) went under and sent their members to this Health Club (HC). The problem was, I didn't know my OG went under. I maintained a 10 dollar a month membership in case I wanted to start back up, I had also moved across town which is why I wasn't going. + +I was concerned that contacting the HC could damage my chances for a fraud case. The first thing I did was call my bank to dispute the transaction. Some people that responded here convinced me to contact the HC. The manager was very apologetic, seemed to think it was a snafu with transferring accounts from OG to HC. The system thought I was delinquent and charged me a bunch of late fees, which is why it was 5 times what I would normally pay in a year. + +The manager told me it's usually easier to process a refund if there isn't a dispute in the original charges. He said that a refund should only take a few days. He also said kind of off hand that he could probably get me a check if I needed the money back quicker. Ding, ding, ding! That's the option I *should* have taken. I didn't fully understand how long a refund can take. A few days ago I called the billing company for HC, their refunds can take 5-7 business days, which is almost 2 weeks in real people time. + +I ended up visiting HC several times, talking to the manager in person, calling, texting. I was at the "just cut me a check" point when the funds left their account and I had to wait for them to show up in mine. Several days later I started getting refunds and this morning I got the final one (there were three separate charges). + +Next time, I'll take the check. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I like to check out some of the subs who hate us from time to time. I can't really explain it, but reading the ridiculous narratives that are trying to be spun by these people helps to solidify my diamonds hands even further. Just the fact that those subs exist is confirmation bias for me. + +While there are several users who stick out as having an agenda and post more then average; There is one who I've been seeing with more and more frequency. I decided to check the post history to see just how crazy it was. HOLY SHIT GUYS!!! I might have lost count, but roughly 543 posts in a row were nothing but bashing on us. That's absolutely crazy. The irony of course is how these posts all center around just how crazy we are... + +I can't say who it is due to brigading rules, but it wouldn't take a ton of research to figure it out and confirm this. I would appreciate if some apes could do so in the comments. (Confirm they exist, not tell who they are) + +Most of us have suspected the presence of paid shills for a long time now, but if the frequency of this users posts is any indication, they've really taking it up a notch roughly 28 days ago. Stay vigilant my fellow Apes. They're coming for you. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +We covered 2019 and August 2020 through January 2021 in my last post: + +[The Crooks keep Cookin the Books (Volume 3)](https://www.reddit.com/r/Superstonk/comments/tdw59e/the_crooks_keep_cookin_like_nobody_is_lookin/) + +&#x200B; + +Previous volumes about previous fraud: + +[The Crooks keep Cookin the Books (Volume 2)](https://www.reddit.com/r/Superstonk/comments/pbhj00/the_crooks_keep_cookin_like_nobody_is_lookin/) + +[The Crooks keep Cookin the Books (Volume 1)](https://www.reddit.com/r/Superstonk/comments/p4w9hq/january_gme_otc_trades_increased_by_32_last_week/) + +**To recap:** + +* RC begins his initial buy in 8/13/2020 +* He buys over 6.2 million shares between 8/13 and 8/31/2020 +* He files his first 13D on 8/28 and then an amended version 8/31 +* This was the beginning of the OTC frenzy +* In August 2021, Robinhood submitted trades for August 2020 +* In December 2021, Drivewealth submitted trades for December 2020 + +&#x200B; + +Volume 4 will continue this conversation. + +# The January Jump-off 2021 + +https://preview.redd.it/5kr91lxmzay81.png?width=1048&format=png&auto=webp&s=d5dae7e81359edbe8232d2bd13d99b5b1d75181a + +* **1,262,397,065** shares traded overall +* **527,520,375** shares traded **OTC** +* **41.79%** of monthly volume traded **OTC** +* **8,031,573** total **OTC trades** +* Shares/trade was **65.68** overall, while RH shares/trade was 1.01 and Driveweath was 1.00 +* Robinhood's **1,852,210 trades** were more trades than Virtu (1,774,037), and second only to Citadel (2,557,687 trades) +* All other participants submitted their monthly trades to FINRA on 3/1/2021, while RH submitted their January 2021 monthly OTC trades on [8/12/2021](https://www.reddit.com/r/Superstonk/comments/pbhj00/the_crooks_keep_cookin_like_nobody_is_lookin/) +* According to the monthly data, Drivewealth submitted their **401,797 brand new OTC trades** on **1/10/2022** after previously not reporting any GME OTC trades before the week of October 4, 2021. +* Citadel traded **252,315,846 shares**, **47.81%** of all shares traded in January 2021. They also made **31.85%** of all GME OTC trades. + +In total, **2,254,007 trades** were added 8-12 months after the trades were supposedly made. These now account for **28.06%** of the total OTC trades for January 2021. + +**The Crooks Keep Cooking the Books!** + +&#x200B; + +**Here's the latest data from the week of 1/25/2021** + +[Robinhood and Drivewealth have submitted 2,013,612 trades for the week of 1\/25\/21. They are now responsible for 30.02&#37; of all GME OTC trades for that week.](https://preview.redd.it/f0lrk1qziay81.png?width=1001&format=png&auto=webp&s=93426cb154a558bdff213410b42f8295aba50478) + +* **6,289,486 trades** were made OTC during the week of 1/25/2021 +* **186,346,005 shares** were traded OTC among 21 participants (**559,240,540 shares** traded overall) +* Shares/trade dropped from 167.64 (1/19/21) to **29.63** (1/25/21) +* Citadel traded **92,991,756 shares** (**49.90%** of the OTC shares that week) and made **1,983,757 trades** (**31.54%** of the weekly OTC trades) +* Virtu made 1,205,460 trades with 43,388,647 shares (35.99 shares/trade) +* RH posted 1,665,394 January 2021 trades in [August 2021](https://www.reddit.com/r/Superstonk/comments/p4w9hq/january_gme_otc_trades_increased_by_32_last_week/) +* Drivewealth posted 348,218 trades in January 2022 (see above) + +&#x200B; + +# February Fuckery 2021 + +https://preview.redd.it/xn5n42i0mby81.png?width=767&format=png&auto=webp&s=3bacec3679ef34421c6703fcc116f03b26d0e909 + +* **827,561,959** shares traded overall +* **303,214,145** shares traded **OTC** +* **36.64%** of monthly volume traded **OTC** +* **8,842,686** total **OTC trades** +* Shares/trade was **34.29** overall, while RH shares/trade was 1.00 and Driveweath was 1.00 +* Robinhood's **1,316,242 trades** trailed only Virtu (1,991,314), and Citadel (2,653,066 trades) +* All other participants submitted their monthly trades to FINRA on 4/5/2021, while RH submitted their February 2021 monthly OTC trades on [8/19/2021](https://www.reddit.com/r/Superstonk/comments/pbhj00/the_crooks_keep_cookin_like_nobody_is_lookin/) +* According to the monthly data, Drivewealth submitted their **557,604 brand new OTC trades** on **1/18-1/24/2022** after previously not reporting any GME OTC trades before the week of October 4, 2021. +* Citadel traded **115,716,597 shares**, **38.16%** of all shares traded in February 2021. They also made **30.00%** of all GME OTC trades. + +In total, Robinhood and Drivewealth added **1,101,840 trades** 6 to 11 months after the trades were supposedly made. Drivewealth and RH now account for **21.19%** of the total OTC trades for February 2021. + +**The Crooks Keep Cooking the Books!** + +&#x200B; + +# March Manipulation 2021 + +https://preview.redd.it/lz3gsaynlby81.png?width=1052&format=png&auto=webp&s=1c6927b1847484d6b0205d2fb026f41af489c04e + +https://preview.redd.it/39ijaroqlby81.png?width=1223&format=png&auto=webp&s=7bd1327e2036e5c24525dee54cd60b240023232d + +* **679,785,707** shares traded overall +* **253,160,215** shares traded **OTC** +* **37.24%** of monthly volume traded **OTC** +* **8,697,515** total **OTC trades** +* Shares/trade was **29.11** overall, while RH shares/trade was 1.00 and Driveweath was 1.00 +* Robinhood's **1,656,463 trades** trailed only Virtu (1,994,731), and Citadel (1,866,781 trades) +* All other participants submitted their monthly trades to FINRA on 5/3/2021, while RH continues to update their March 2021 monthly OTC trades as of November 2021. +* According to the monthly data, Drivewealth submitted their **1,025,550 brand new March 2021 OTC trades** on **1/25-1/31/2022** after previously not reporting any GME OTC trades before the week of October 4, 2021. +* Virtu overtook Citadel for OTC shares and OTC trades in March 2021... They made 1,994,731 trades with 97,711,689 shares and were responsible for **38.60%** of the 253,160,215 shares traded OTC in March 2021. +* Citadel traded **31.41%** of all shares traded in March 2021. + +Drivewealth added **1,025,550 trades** 10 months after the trades were supposedly made. Drivewealth and RH now account for **30.84%** of the total OTC trades for March 2021. + +**The Crooks Keep Cooking the Books!** + +# Let's take a moment to discuss 2 very interesting weeks + +https://preview.redd.it/227rctjwlby81.png?width=1374&format=png&auto=webp&s=bd4abac575457434224e2d8bf07d65d79cebfb89 + +**2/22/2021** + +During the week of 2/22, RH accounted for 0.63% of the weekly share volume, but **22.27%** of the **weekly trades**. GME was **17.37%** of their total OTC activity for that week! + +GME was only **0.70% of the total shares** for these OTC participants, but **5.52% of total weekly OTC trades**. This doesn't include Drivewealth LLC's contribution, because that data has long since expired from the FINRA OTC Transparency website. + +GME was the Top traded OTC stock that week (by trades) and every single OTC participant (except Wolverine and LEK) had GME trades accounting for **>1% of their total OTC trades**. + +The shares/trade for GME on the OTC was **35.38**, while the shares/trade for the Total OTC (including GME), was **303.66**. + +&#x200B; + +**3/8/2021** + +During the week of 3/8 (the week of the big dipper), RH was the top OTC participant with another **764,286 trades**. They were responsible for 1.00% of the weekly shares, but 22.53% of the weekly trades. GME made up **19.89%** of the total OTC shares and **20.93% of their total OTC trades that week**. + +GME was only **0.50% of the total shares** for these OTC participants, but **6.15% of the total weekly OTC trades**. Again, this doesn't include Drivewealth LLC's contribution, because that data has long since expired from the FINRA OTC Transparency website. + +GME was the Top traded OTC stock that week (by trades) and every single participant (except HRT) had GME trades accounting for **>1% of their total OTC trades**. + +The shares/trade for GME on the OTC was **22.69**, while the shares/trade for the Total OTC (including GME) was **319.45**. + +&#x200B; + +# Here's the TLDR: + +https://preview.redd.it/dsaslowgmay81.png?width=1922&format=png&auto=webp&s=7c5ddc64aced72fed039190cccfb547b4c53068e + +All of Drivewealth's trades before 10/4/2021 were added December 2021 - February 2022. + +RH now reports making trades as far back as August 2020, when RC first bought in. + +# + +# Let's zoom back out to the monthly data for brevity sake + +https://preview.redd.it/pjrt3hdthay81.png?width=984&format=png&auto=webp&s=a251cf79efb41f843626f45e25137f73dfed269b + +On January 10, 2022, Drivewealth submitted 401,797 trades with 401,797 shares (1.00 shares/trade) for January 2021. They previously had reported 0 trades. They are now responsible for **5.00%** of the monthly GME OTC trades for January 2021. + +On January 24, 2022, Drivewealth submitted 557,604 trades with 557,604 shares (1.00 shares/trade) for February 2021. They previously had reported 0 trades. They are now responsible for **6.31%** of the monthly GME OTC trades for February 2021. + +On January 31, 2022, Drivewealth submitted 1,025,550 trades with 1,025,550 shares (1.00 shares/trade) for March 2021. They previously had reported 0 trades. They are now responsible for **11.79%** of the monthly GME OTC trades for March 2021. + +&#x200B; + +https://preview.redd.it/i3vr3zbamby81.png?width=991&format=png&auto=webp&s=bc0648876f5caf2f67e2bf5e5cae4ba7e0000172 + +On February 4, 2022, Drivewealth submitted 294,318 trades with 294,318 shares (1.00 shares/trade) for April 2021. They previously had reported 0 trades. They are now responsible for **12.00%** of the monthly GME OTC trades for April 2021. + +On February 9, 2022, Drivewealth submitted 162,273 trades with 162,273 shares (1.00 shares/trade) for May 2021. They previously had reported 0 trades. They are now responsible for **8.98%** of the monthly GME OTC trades for May 2021. + +On February 25, 2022, Drivewealth submitted 274,891 trades with 274,891 shares (1.00 shares/trade) for June 2021. They previously had reported 0 trades. They are now responsible for **11.85%** of the monthly GME OTC trades for June 2021. + +On February 17, 2022, Drivewealth submitted 92,621 trades with 92,621 shares (1.00 shares/trade) for July 2021. They previously had reported 0 trades. They are now responsible for **10.82%** of the monthly GME OTC trades for July 2021. + +&#x200B; + +https://preview.redd.it/cwq39933fay81.png?width=1018&format=png&auto=webp&s=313d0c66a683fba6ded0bb3021163f1e212bb728 + +On February 28, 2022, Drivewealth submitted 98,068 trades with 98,068 shares (1.00 shares/trade) for August 2021. They previously had reported 0 trades. They are now responsible for **10.63%** of the monthly GME OTC trades for August 2021. + +On February 28, 2022, Drivewealth submitted 77,528 trades with 77,528 shares (1.00 shares/trade) for September 2021. They previously had reported 0 trades. They are now responsible for **10.79%** of the monthly GME OTC trades for September 2021. + +On February 24, 2022, Drivewealth added 12.552 trades with 12,552 shares (1.00 shares/trade) for October 2021. They previously had reported 40,025 trades. They are now responsible for **11.39%** of the monthly GME OTC trades for October 2021. + +**Drivewealth LLC** is responsible for: + +* **11.59%** of November 2021 GME OTC trades +* **9.80%** of December 2021 GME OTC trades +* **9.16%** of January 2022 GME OTC trades +* **11.01%** of February 2022 GME OTC trades +* **9.12%** of March 2022 GME OTC trades + +&#x200B; + +[Here's a link to a separate post containing the weekly data](https://www.reddit.com/r/Superstonk/comments/ub3uqs/the_crooks_keep_cookin_the_books_drivewealth_llc/) for all the data donkeys out there. I didn't want to use up my 20 image allotment on those. + +Please note, the images at the end of that post are slightly different than these because I used extrapolated weekly data to come up with the March 2022 monthly totals (i.e. included 2/28 and 4/1). The numbers in this post are the official FINRA OTC numbers (for now...). + +In total, Drivewealth recently submitted **3,001,833** previously unreported **trades** from December 21, 2020 - October 4, 2021. + +These were submitted to FINRA December 2021 - February 2022, almost 1 year after the trades supposedly took place. + +Drivewealth now is responsible for **8.43%** of GME OTC trade totals. + +&#x200B; + +# TLDR in pictures: + +**Let's recap the OTC totals over the past 20 Months:** + +https://preview.redd.it/5u6de4gt7ay81.png?width=1044&format=png&auto=webp&s=36e4f0158444f1cf9c3fa92b7b7d5650ae720d78 + +This is the most updated OTC data available: + +* **1.983 billion** shares were traded OTC over 20 months from **August 2020 - March 2022** +* The total volume over the past 20 months was **5.047 billion!** +* **39.29%** of the total volume over that span was traded OTC, with another \~7% traded ATS (dark pools) +* **40,251,466 trades** were made OTC by these participants +* These participants are responsible for 99.05% of OTC trades and 98.36% of OTC shares traded + +&#x200B; + +# OTC Shares + +https://preview.redd.it/jy9raptqoay81.png?width=2243&format=png&auto=webp&s=0f48cd84188ec6e21335afed38cc4b8a95b16522 + +# OTC Trades + +https://preview.redd.it/6qfyu2tkfay81.png?width=2242&format=png&auto=webp&s=90db01d7e7df9340b26b31c569bc9b6fd3678679 + +# Monthly OTC Shares + +[Over 100 million volume OTC in September 2020, October 2020, December 2020, January 2021, February 2021, March 2021.](https://preview.redd.it/mq7x1gvy7ay81.png?width=2229&format=png&auto=webp&s=6eff039da3500b66363e806c7c8110d7d1ccbff6) + +# Monthly OTC Trades + +[OTC trades certainly increased in January 2021, with 6 straight months of \>1 million OTC trades.](https://preview.redd.it/bpnlj9q08ay81.png?width=2224&format=png&auto=webp&s=124352d9ba59354986cca4b6c797bf0eb30a9e8e) + +* **8,031,573** trades in January 2021 +* **8,842,686** trades in February 2021 +* **8,697,515** trades in March 2021 +* **2,452,631** trades in April 2021 +* **1,807,747** trades in May 2021 +* **2,320,109** trades on June 2021 + +And + +* **1,060,739** trades in March 2022 + +&#x200B; + +# Monthly OTC Shares/Trade + +https://preview.redd.it/xic5r7i28ay81.png?width=2298&format=png&auto=webp&s=fcad85117159fb7316dae8fcaf7ed598c89847ea + +The shares/trade is an interesting trend. After a major decrease in shares/trade from December 2020 to January 2021, we've been under 50 shares/trade for 13 months. There has been an increase in the number of shares/trade over the past several months, and to me, this seems to correlate with the increase in DRSed shares. In other words, they have to make larger trades. + +Here's a link to [a previous post of mine](https://www.reddit.com/r/Superstonk/comments/sruz7l/in_honor_of_our_beloved_chairman_i_present_69/), which references Dave Lauer's first Superstonk AMA. He talked about GME OTC vs ATS: + +From the [AMA transcript:](https://www.reddit.com/r/Superstonk/comments/n7295i/david_lauer_ama_transcript_summary_22/) + +* Dave Lauer u/dlauer : + * "**So in November (2020), it was predominantly Citadel with a little Virtu and an even little more G1X** + * **This is market share, you can see that accounts for almost 85% of all OTC trading, and the rest is a bunch of smaller internalizers** + * And then it peaked for Citadel in January + * But what we've seen since then is actually **Citadel’s** market share in GME has dropped significantly and so has **G1X**, and **Virtu has really taken over** + * At the same time, the average trade size that's being executed OTC has *plummeted*. + * **This was honestly really astonishing to me.** + * I guess this is probably the Robinhood effect or the retail effect. + * But you can see in December, the average trade size for Citadel was relatively high, it was around 350 shares and for Virtu it was around 200, and a little over 250 overall. + * **And since then in January, I mean, these, these** ***dropped to under like 40 shares average trade size***\*\*.\*\* That was really shocking to me. + * Part of that has been the price increase, absolutely. + * But at the same time like an average trade size of **40 shares is extremely small.** I don't know what to make of it necessarily but I thought it was an interesting sort of data point to highlight. I just wanted to show that." + +# How does this compare to other stocks? + +Here's the shares/trade GME vs the entire OTC (including GME) for these same participants: + +[Hope to update this to include February and March 2022, but you get the idea.](https://preview.redd.it/xpdk85tm6by81.png?width=2360&format=png&auto=webp&s=532ca60250f68402d7c07b1a2d61c0350cfca6df) + +&#x200B; + +# Back to the Weekly Stats + +**Weekly Shares OTC** + +[Shows just how outrageous the OTC trading was from January - March 2021](https://preview.redd.it/3jk8brq98ay81.png?width=3405&format=png&auto=webp&s=d96564fc034309095cd199b42e9315461da19dd3) + +**Weekly Trades OTC** + +[Again, shows how insane the number of OTC trades was in January - March 2021, with some interesting increased OTC activity in March 2022.](https://preview.redd.it/qj4z514pday81.png?width=3325&format=png&auto=webp&s=dfa4bee6e8ae1c48c96296794f40e12b632832e1) + +&#x200B; + +# What about the Short Volume? + +Reported Short Volume vs Closing Price + +[Had to combine these 2 because I ran out of images... Highlighted on the 2nd graph is DFV's YOLO on 4\/16, and C+25+2 after that \(5\/24\), when we started a pre-earnings run-up.](https://preview.redd.it/e978cd4waby81.png?width=845&format=png&auto=webp&s=7288582b77322e5fc43f13ac6753c57ff0a152aa) + +**Reported Short and Long Volume vs Closing Price** + +This data is from: [https://stocksera.pythonanywhere.com/ticker/short\_volume/?quote=GME](https://stocksera.pythonanywhere.com/ticker/short_volume/?quote=GME) + +What's important to note about this data is that the total volume reported here only represents 41% of the actual total daily volume (i.e. 58.95% of volume is not reflected in this data). So where is the other volume? 40% OTC, 7% ATS, 11%??? + +However, the qualitative date is still very interesting. + +And they're reporting **373,102,576** in **short volume** over the past 294 trading days (vs 291,946,072 long volume). 55.37% of volume is reported short and 43.33% is reported long. + +Based on these trends, we should be expecting the next spike in volume right around the 5/25 - 6/2 timeframe (right in line with last year). + +&#x200B; + +**Some interesting Options data:** + +January 2023 [$1 Puts](https://finance.yahoo.com/quote/GME230120P00001000/chart?p=GME230120P00001000#eyJpbnRlcnZhbCI6ImRheSIsInBlcmlvZGljaXR5IjoxLCJ0aW1lVW5pdCI6bnVsbCwiY2FuZGxlV2lkdGgiOjkuMzgwMTY1Mjg5MjU2MTk4LCJmbGlwcGVkIjpmYWxzZSwidm9sdW1lVW5kZXJsYXkiOnRydWUsImFkaiI6dHJ1ZSwiY3Jvc3NoYWlyIjp0cnVlLCJjaGFydFR5cGUiOiJsaW5lIiwiZXh0ZW5kZWQiOnRydWUsIm1hcmtldFNlc3Npb25zIjp7InByZSI6dHJ1ZSwicG9zdCI6dHJ1ZX0sImFnZ3JlZ2F0aW9uVHlwZSI6Im9obGMiLCJjaGFydFNjYWxlIjoibGluZWFyIiwicGFuZWxzIjp7ImNoYXJ0Ijp7InBlcmNlbnQiOjEsImRpc3BsYXkiOiJHTUUyMzAxMjBQMDAwMDEwMDAiLCJjaGFydE5hbWUiOiJjaGFydCIsImluZGV4IjowLCJ5QXhpcyI6eyJuYW1lIjoiY2hhcnQiLCJwb3NpdGlvbiI6bnVsbH0sInlheGlzTEhTIjpbXSwieWF4aXNSSFMiOlsiY2hhcnQiLCLigIx2b2wgdW5kcuKAjCJdfX0sInNldFNwYW4iOm51bGwsImxpbmVXaWR0aCI6Miwic3RyaXBlZEJhY2tncm91bmQiOnRydWUsImV2ZW50cyI6dHJ1ZSwiY29sb3IiOiIjMDA4MWYyIiwic3RyaXBlZEJhY2tncm91ZCI6dHJ1ZSwicmFuZ2UiOm51bGwsImV2ZW50TWFwIjp7ImNvcnBvcmF0ZSI6W10sInNpZ0RldiI6e319LCJzeW1ib2xzIjpbeyJzeW1ib2wiOiJHTUUyMzAxMjBQMDAwMDEwMDAiLCJzeW1ib2xPYmplY3QiOnsic3ltYm9sIjoiR01FMjMwMTIwUDAwMDAxMDAwIiwicXVvdGVUeXBlIjoiT1BUSU9OIiwiZXhjaGFuZ2VUaW1lWm9uZSI6IkFtZXJpY2EvTmV3X1lvcmsifSwicGVyaW9kaWNpdHkiOjEsImludGVydmFsIjoiZGF5IiwidGltZVVuaXQiOm51bGwsInNldFNwYW4iOm51bGx9XSwiY3VzdG9tUmFuZ2UiOm51bGwsInN0dWRpZXMiOnsi4oCMdm9sIHVuZHLigIwiOnsidHlwZSI6InZvbCB1bmRyIiwiaW5wdXRzIjp7ImlkIjoi4oCMdm9sIHVuZHLigIwiLCJkaXNwbGF5Ijoi4oCMdm9sIHVuZHLigIwifSwib3V0cHV0cyI6eyJVcCBWb2x1bWUiOiIjMDBiMDYxIiwiRG93biBWb2x1bWUiOiIjZmYzMzNhIn0sInBhbmVsIjoiY2hhcnQiLCJwYXJhbWV0ZXJzIjp7IndpZHRoRmFjdG9yIjowLjQ1LCJjaGFydE5hbWUiOiJjaGFydCIsInBhbmVsTmFtZSI6ImNoYXJ0In19fX0-) \- Big spike 1/25/22 and 4/19/22 + +January 2023 [$2 Puts](https://finance.yahoo.com/quote/GME230120P00002000/chart?p=GME230120P00002000#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) \- 1.72 million on **1/27/21** + +January 2023 [$3 Puts](https://finance.yahoo.com/quote/GME230120P00003000/chart?p=GME230120P00003000#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-) \- Big spike on 10/8 and 10/9/20 and **1/27/21** + +January 2023 [$4 Puts](https://finance.yahoo.com/quote/GME230120P00004000/chart?p=GME230120P00004000#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) \- Big spike on **1/27/21** + +January 2023 [$5 Puts](https://finance.yahoo.com/quote/GME230120P00005000/chart?p=GME230120P00005000#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) \- 185,490 spike on **1/27/21** + +January 2023 [$7 Puts](https://finance.yahoo.com/quote/GME230120P00007000/chart?p=GME230120P00007000#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-) \- Spike on **1/27/2021** and 9/2/2021 + +January 2023 [$10 Puts](https://finance.yahoo.com/quote/GME230120P00010000/chart?p=GME230120P00010000#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) is broken + +January 2023 [$20 Puts](https://finance.yahoo.com/quote/GME230120P00020000/chart?p=GME230120P00020000#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-) \- Spike on **1/25/21** and **1/27/21**, then 6/22/21, 1/31/22, and **3/30/22** + +&#x200B; + +Get your shares out of their greasy, fraudulent hands... + +Buy, HODL, DRS, and Vote! +As someone who is just starting out in their FIRE journey, the #1 advice I hear from all the "successful" people and on the Internet in general is to read lots of books, talk to mentors, surround yourself with successful people and so on. + +As I consider most of the people here to be "successful" in life, I'm interested in hearing how big a role these things played in your fatFIRE journey, or if these are just buzzwords invented by self-proclaimed Internet gurus to sell their content. +One thing interesting that I noticed about the FIRE subs is that many that have achieved (or are close to achieving) their FI goals, whatever they individually may be, are somewhat more interested in discussing possibilities that can threaten their FI position (e.g., runaway inflation, black swan events, getting hit with personal injury lawsuits, debt-implosion & deflation, etc.), while those that are still working to achieve FI seem much more vested in the status quo (e.g., defending historic CPI rates or stock returns as a response to market anxieties). + +It seems to me that both of these types of responses are tied to a natural psychological need to assess the world in a way that reinforces their own current priorities. For those that are FI, maintaining that state, rather than achieving it, is the priority. That means it might be prudent to think about how events might turn in a way to knock them out of that position. + +Those that are focused on getting to FI may be irritated by the discussion of what they perceive to be illogical strategies (like holding too much outside of the stock market or RE or paying off mortgages early) or lower probability events, because those strategies/possibilities don't make sense to them based on the stage of their lives and may even threaten their own outlook for where they are in their progression to FI. + +I just wanted to point this out, because there seems to be a lot of downvoting tied to this dynamic in recent weeks. +This might be a pretty dumb question, but I think I more or less understand the basic principles of buying your first rental property: you save enough for the down payment and hope you've run the numbers accurately enough to be in the green each month, and that the market doesn't collapse. All fine here. + +But it would be pretty tough to survive on a couple hundred bucks a month (if even that). So what about the second, third, fourth properties? How is it done? Are you just saving up for another down payment each time? Seems like the purchases would have to either be very spaced apart (10, 20+ years) or you have to have a much larger amount of upfront capital to buy more than one property. + +Is there something I'm missing? I take home a very comfortable 6 figure salary but I still don't see how I can afford more than one or maybe two rental properties. + +Edit: trying to keep it simple and "buy and hold" instead of rehabbing, because I've never even so much as painted a wall before. + +Edit: didn't expect all the replies and support, will be reading and addressing all of it. what a great community. thanks +So I've never had such a large sum of money so I already know I'm going to be overwhelmed with what to do with it. I currently live with my mom rent free and have in total about 700 in monthly bills. We plan to have about 40k each so I was contemplating getting a place for myself because living with my family has become stressful these days but I also feel maybe dumping it all into one thing isn't smart. I am very dumb when it comes to finances aside from basic savings, so any advice would be appreciated. +After 20 years in IT Engineering, I'm bailing. I've been saving at least 20% of my income, investing in mostly large-cap stocks, and I'm finally able to step off that ledge. Mostly thanks to having held AAPL since 2003, I've finally hit 25x my salary, and way past that if you don't count the amount I saved towards getting here. House is paid off, wife is still working full time, and I'm going to go on her health insurance for the time being. + +It's been a ride. I left my long-term position in Fortune 100 IT after 8 years, because they completely re-wrote my job description from SAN Engineer to Automation Coder. I suck at code, I hate coding, and I'm no good at learning it. Plus, the way they were handling the "culture shift" was... Out of touch. + +So I did a 6-month contract, and hated it. It was obvious that they thought of contractors as "the help", despite it being a 20% pay raise from my last, generous job. You don't pay someone like that to publish email newsletters. + +Got my "dream" job, at the local university. Finally, no more long commute. Very "The Monkey's Paw" situation. I got what I asked for, in the worst way possible. The egos here are ridiculous, and they clash like hyenas over a kill. 90% of it is just one coworker and how the boss thinks his antics are funny instead of a clearly fireable offense. + +So I'm gonna take a good 3-6 month break, and reevaluate. Do I need some coast income, or can I be completely independent? We'll see. I know I want something where everything isn't so life and death, with million dollar IT infrastructure just waiting to fail in hitherto-unknown and spectacular fashion. Maybe volunteer at the cat shelter. Maybe try bartending. Maybe just take a nice, long time to decompress and breathe. +What's Price-to-Sales? It's a simple equation ... Market Cap divided by revenue (sales). Price-to-Sales is highly dependent on industry, with tech and growth companies often enjoying much higher Price-to-Sales ratios ... meaning their markets caps are typically higher compared to the revenue they generate when compared to industries like raw material producers or food wholesalers. + +Thankfully, the Stern School of Business at NYU is kind enough to track this information, breaking it down by industry. You can find this info here (current through January 2022): [https://pages.stern.nyu.edu/\~adamodar/New\_Home\_Page/datafile/psdata.html](https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/psdata.html) + +I've gone ahead and extracted the relevant bits, and it looks like this: + +https://preview.redd.it/kqrutps51jx81.png?width=1454&format=png&auto=webp&s=c1c9b582402fb7216978fc0d3dd7cb3273613dca + +So what does GameStop's current Price-to-Sales look like? Well, let's start with their 2021 revenue ([https://investor.gamestop.com/node/19651/html](https://investor.gamestop.com/node/19651/html)): + +https://preview.redd.it/1ptpxrrb1jx81.png?width=1802&format=png&auto=webp&s=c7971d74b837fd9459cd5ce62e439ad39ca0477b + +These amounts are in millions, so that's $6.01 billion in net sales in 2021. And GameStop's current market cap is $9.64 billion. We divide $9.64 billion by $6.01 billion, and we get a Price/Sales of 1.6 ... hmmm ... + +So, 1.6 might look pretty strong if GameStop were simply a dying brick-and-mortar specialty retailer and nothing more. In fact, for that industry, a Price/Sales of .88 is average. But does anyone really think GameStop is just a dying brick-and-mortar specialty retailer? I can't find recent info on this, but in Q4 2020, 34% of the company's quarterly sales were eCommerce (online) sales, and we know this has been growing like crazy since then. I wouldn't even be surprised if more than 60% of sales are now online sales. Online retailers typically have a Price/Sales of 3.5. So let's go with that, which is conservative I think given GameStop's unique position in the marketplace ... they really do sit squarely in the middle of a very unique intersection between industries, and there is every expectation that this will evolve rapidly in the near future. + +So if we use Price/Sales of 3.5, we'd multiply their 2021 sales ($6.01 billion) by 3.5 which equals $21.035 billion, and then we divide this by the number of Outstanding shares (76 million). This gives us a share price of $277. + +Now if the NFT Marketplace is as big of a success as RC, the board, and apes think it can be, then a Price/Sale of 5 or more might be appropriate. Even without this piece, if RC and the team can keep growing retail sales at the pace they are, a market cap of $25 billion or $30 billion seems very achievable in the next year or two. + +Shorts must be shitting in their, well ... shorts. + +https://preview.redd.it/hcsjp95y7jx81.jpg?width=500&format=pjpg&auto=webp&s=cbd778b14b06e752baf0402d92ee5127167f5d8f +In my time on the ethtrader subreddit, I have seen a few of these feel-good posts, and I thought it would be constructive to share my own story, and thank this community for what it has brought me. + +I first heard about Bitcoin in 2015, at the age of 15. I gradually put in money I had earned at my low-paying fast food job until I had a principle amount of about $700 invested. When this amount reached $1500, I decided it was time to move it into something new - Ethereum. I bought in at $45 and hedl on for dear life. The entire time I was a lurker on this subreddit due to my inadequate accumulation of comment karma. Through the highs and the lows, I was extremely fond of this community and everything it stood for. + +What could be thousands of Coinbase refreshes later brings me to this past summer. A doctor's visit and a few scans revealed that I had stage IV cancer, and I was forced to sell my bag due to my inability to work. + +I'm currently 17 and fighting my condition at one of the best cancer hospitals in the world, and I am doing great (scans next week, wish me luck). I have retained a majority of my profits from Ethereum, and decided to reinvest them into Canadian marijuana companies (unable to buy into ethereum.. Coinbase cracked down on minors). I suppose that the purpose of this post is to thank everyone as well as the ethereum platform for the financial preparation, possibly out of dumb luck, to be able to support myself through this. I sure as hell think that beats buying a lambo. + +Be excellent, gentlemen. +I've never owned a car before. My gf and I are planning to buy a car mainly so she can drive to work (she works shifts not in a convenient location for public transport). But we are both out of the loop when it comes to the best way to buy one. + +We want something that is small but not tiny, easy for her to commute in, cheap to run, maintain, insure. + +At the moment we are considering a new Toyota Yaris Hybrid. Logic being its relatively affordable monthly - £280 (and we have enough for the deposit). It also seems to be a good rate of interest 1.9% APR on PCP. + +My question is not really whether to buy a car but how best to go about it so I don't get ripped off or can get the best deal possible? My understanding is that it's a really bad time (historically) to be buying a car. Dealers aren't flexible with prices etc? TV shows I used to watch as a kid had people going in and demanding free mud flaps and tanks of fuel! + +Our current thinking is: +Get a new one because second hand prices are not that much cheaper (if at all!) and it's less likely to need maintenance in the near term. 2nd hand PCP deals seem to have APR ~9%. + +Are there any red flags I should look for if going direct to the Toyota dealership? What questions should I ask? Should I pretend we are just thinking about it rather than set on one of their cars specifically? Are some days of the week/month better than others for catching a salesperson? + +Also; are there any costs to car ownership I'm forgetting?! +- Car repayments +- Insurance +- Road tax +- Fuel + +Many thanks! + +Edit: Overwhelmed by the response, thank you so much - I've got a weekend's reading ahead of me! + +In terms of our financial position, we probably could buy a car we want (second hand or new) outright for ~20k. My logic for considering a <5% PCP was the opportunity cost (we'd be more stretched financially and I could instead put the lump sum in my Stocks and Shares ISA for the 4 years and (hopefully!) at least make 5% a year on it). Also the idea of spending £20k at once just makes my queezy, but I know full well getting a car isn't exactly a good investment... +**TL:DR; after doing two polls and comparing to another user's results, I estimate superstonk users own between 27 million and 35 million shares of GME.** + +**Edit: A very large point of misunderstanding is that the average shares are too high. In statistics, averages are easily skewed by outliers. For example, you have two groups: 3,3,3,2,4,2,4,3 and another 0,0,1,2,10,2,3,4. The average of both is 3. People have said it's impossible for the average person to own $25-30k worth of shares. I agree. In this study, 70% of the respondents own less than the average number of shares. The median user here owns 54 shares. This means that 50% of users here own $9000 or less (based on a stock price of $170)** + +This is my last post (probably...) about the survey research I've done. I actually have work to do which I'm putting off for this, and I really have to get back to it. If anyone else wants to play around with it, the data is available in my previous post. + +First post:https://www.reddit.com/r/Superstonk/comments/mwziwn/users_of_superstonk_own_at_minimum_9_million/ + +Previous post: https://www.reddit.com/r/Superstonk/comments/myaxaw/update_retail_users_own_at_absolute_minimum_138/ + +**Introduction** + +There have been many opportunities for short sellers to cover their short positions since January, and it has been speculated many times this is the case. Publicly available data, such as SI%, have also predicted a decline from over 140% to around 20-40% recently. Adding to this, institutional ownership has been predicted to be around 137% on current bloomberg terminal updates (https://www.reddit.com/r/DDintoGME/comments/mz6zq1/26042021_gme_bloomberg_terminal_information/). But as of yet, and remains to be a crucial variable, is that retail ownership remains a mystery. It has been heavily speculated to be much greater than GME issued shares. Previously, I made a survey to estimate retail ownership. Since last time, I added another poll. The first poll I was unsure of how accurate (possibly because of trolling) the 500-1000 and >1000 categories were. I also tried to extrapolate the results to all of retail. To account for this I removed the 500-1000 and >1000 categories. Some users pointed out that even if I remove those groups, it's still comparing two different populations as we have little general retail data. They were valid arguments. Instead, I'm now making inferences only for superstonk users. The other issue with my first poll was overcrowding of the 100-500 groups and absence of a 0 share group. After splitting these into more groups and adding the 0 group, I see a more normal-like distribution of responses. Using a frequency distribution (https://www.spss-tutorials.com/frequency-distribution-what-is-it/), which is a type of statistical binning or histogram (https://en.wikipedia.org/wiki/Histogram), to predict superstonk ownership, I provide an estimate that superstonk GME ownership is at minimum 27 million shares, upwards of 35 million. + +**Results** + +*Respondent Bin Distributions* + + +Group | Respondents | Percentage +:-- | :--: | --: +0 | 4 | 0.250312891 +1 to 5 | 87 | 5.444305382 +6 to 10 | 106 | 6.633291615 +11 to 15 | 113 | 7.071339174 +16 to 20 | 90 | 5.63204005 +21 to 30 | 151 | 9.44931164 +31 to 50 | 199 | 12.45306633 +51 to 100 | 278 | 17.39674593 +101 to 150 | 159 | 9.949937422 +151 to 200 | 72 | 4.50563204 +201 to 300 | 106 | 6.633291615 +301 to 400 | 52 | 3.254067584 +401 to 500 | 43 | 2.690863579 +501 to 750 | 44 | 2.753441802 +751 to 1000 | 31 | 1.939924906 +>1000 | 63 | 3.942428035 +Total | 1598 | 100 + +Based on bin sizes and ranges within them, the 11 to 15 bin had the highest representation. In the bins as a whole, the highest number of respondents had between 51 to 100 shares, with 31 to 50 being the next largest bin. + + +*Estimation of 200,000 person population* + + +Group | 200000 people | Shares min | Shares max +:-- | :--: | :--: |--: +0 | 500.6257822 | 0 | 0 +1 to 5 | 10888.61076 | 10888.61076 | 54443.05382 +6 to 10 | 13266.58323 | 79599.49937 | 132665.8323 +11 to 15 | 14142.67835 | 155569.4618 | 212140.1752 +16 to 20 | 11264.0801 | 180225.2816 | 225281.602 +21 to 30 | 18898.62328 | 396871.0889 | 566958.6984 +31 to 50 | 24906.13267 | 772090.1126 | 1245306.633 +51 to 100 | 34793.49186 | 1774468.085 | 3479349.186 +101 to 150 | 19899.87484 | 2009887.359 | 2984981.227 +151 to 200 | 9011.26408 | 1360700.876 | 1802252.816 +201 to 300 | 13266.58323 | 2666583.229 | 3979974.969 +301 to 400 | 6508.135169 | 1958948.686 | 2603254.068 +401 to 500 | 5381.727159 | 2158072.591 | 2690863.579 +501 to 750 | 5506.883605 | 2758948.686 | 4130162.703 +751 to 1000 | 3879.849812 | 2913767.209 | 3879849.812 +>1000 | 7884.85607 | 7884856.07 | 7884856.07 +Total | 200000 | 27081476.85 | 35872340.43 + +Using the results of the bins, it appears that superstonk users alone own 27.1 million to 35.9 million shares of GME. + +**Average share ownership of Superstonk users = 27081476/200,000** to **35872340/200,000** +** = 135 - 179 shares/person** + +Using the data provided from the poll, I estimate Superstonk users own, on average, 135-179 shares per person. + +Edit: The median value is 54. This may be a better representation of the "mid-point" of the data. + + + +**Comparison to other studies** + +In another sampling method using direct share input and combing these into 5 ownership bins, /u/Kalaeman used a sample size of over 2000 to predict that the average superstonk user has around 166 shares (+/- 13) and the median user has 19 shares. Using this data to infer the population, they predicted that from 200,000 superstonk users, 33,200,000 +/- 2,668.433 shares are owned by users alone. Comparing this to my prediction of 27.08M - 35.9M million, I can't help but notice the value fits exactly inside my range... https://www.reddit.com/r/Superstonk/comments/mylv9k/1_billion_share_owned_by_retail_confirmed/ + +/u/haydoboyo used 14A filing information to predict retail ownings and speculated that, if retail owns at least 3 shares each, the free float is owned. https://www.reddit.com/r/Superstonk/comments/mxkwlb/double_the_short_interest_half_the_anxiety/ + +/u/InForTheSqueeze also used measurements from the GME 14A release and from brokers to estimate retail ownership. Although there are speculations in these, they support the findings of my study. https://www.reddit.com/r/Superstonk/comments/mxrdcb/updated_dd_i_did_the_math_there_is_literally_no/ + + /u/DiamondsApes a month ago looked at broker information to estimate retail ownership as well. https://www.reddit.com/r/GME/comments/m54vpq/serious_dd_retail_ownership_using_public_data/ + +/u/thedav1d 1 month ago also predicted retail ownership including options. https://www.reddit.com/r/GME/comments/mduj5t/dd_why_retail_is_holding_far_more_shares_than/ + +/u/brocaa used AI (which is a fancy word for regression analysis) to estimate the number of FTDs hidden by deep ITM options, and predicted around 140M. https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/ + +/u/eastrod, building on work by /u/defj2 (https://www.reddit.com/r/Superstonk/comments/mz7c7h/put_anomalies_pt1_were_127_million_synthetic/), predicted that around 1.09 million puts were possibly used to reset 109 million FTD https://www.reddit.com/r/Superstonk/comments/mzgtvx/a_method_for_hiding_ftds_that_uses_the_109mil/ + + +/u/33a also shared their findings: + +Estimate based on comparison to other securities and general buying patterns https://old.reddit.com/r/Superstonk/comments/mwn95o/retail_is_the_whale/ + +Estimate based on fidelity order volume and level 2 order sizes https://old.reddit.com/r/GME/comments/msyhlq/fidelity_users_purchased_about_61_million_more/ + + +/u/ColonelOfWisdom speculated, with relevant information, that hedge funds had plenty of opportunities to close their short positions leading up until now. However, these methods offer the *opportunity* for these events to happen, not *proof* they happened https://www.reddit.com/r/GME_Meltdown_DD/comments/mxj6a9/faqs_about_the_gme_situation/. Support for their argument came from the diminishing of reported SI% from 140% to 20-40% as of last filing. + +https://iamnotafinancialadvisor.com/GME/, who originally predicted the FTD squeeze and how uncoiling the spring is a possibility, predicts that based on current trends of reported FTDs, the FTD cycle is diminishing and a squeeze is statistically unlikely. However, based on information here, it is entirely possible that the FTD cycle peaks are diminishing because of FTDs being hidden. + +And lastly, SI% has been around 20 - 40% (https://www.marketwatch.com/investing/stock/gme - https://finance.yahoo.com/quote/GME/key-statistics/). However, as mentioned, SI% can be hidden in options and through other methods. + + +Now, the first question on your mind is: "can't users just mess with the results? I mean, that's what I would do. Polls are useless anyway." I would agree this is possible. For example, in my two polls, the percentage of respondents for each group changed a maxmimum of 2% over each bin. For large bins, this doesn't affect the results much. But over smaller bins with high underlying values (the >1000 bin, for example) the 2% is a large change. However, the underlying findings remain the same for either poll and for the other presented by /u/Kalaeman, reducing the likelihood of tampering. + + +**Methods** + +I used a poll to estimate superstonk GME ownership using strawpoll. Original poll is available here: https://www.strawpoll.me/42979202/r and the newest poll is available here: https://www.strawpoll.me/44432640/r. The settings were such that each IP address was only allowed to vote once, and Captchas were in place to prevent bots from interfering with results. The polls had 1200 and 1598 respondents, respectively. To try and minimize observation bias, such as through trolling, manipulation, or other means, I used a frequency binning method. Bin sizes were determined based on the first study to minimize overcrowding of bins. Frequencies observed from the 1598 sub sample were used to infer the ownership from 200,000 superstonk users. Average share ownership was calculated as **predicted total shares / 200,000**. At 1598 users, the margin of error was calculated to be approximately 2%. + +Edit: Some people have asked about how I calculated margin of error, so here it is. I did it two ways: A quick and dirty method where ME = Z X std.dev / sqrt(N). Note that although this gives you a general idea, it is meant to be applied to continuous data, not discrete data like mine is. The other method for margin of error, and the one I used, was calculated as such: For each bin, the formula ME = Z X sqrt((P(1-P))/N) where P = number of 'successes' or number of respondents in that bin, Z was the critical value for a 95% confidence interval (=1.96), and N is the total sample size. The bin with the the highest margin of error was the 51-100 bin, so it's value was used (1.54%) and rounded to 2% to be conservative. + + +**Conclusion** + +**After comparing the results of three different surveys, all placed the number of shares owned by supserstonk users from 27M - 35M.** + +I don't know what overall retail ownership is (although there have been predictions), but from superstonk users alone, it seems the free float is owned. Now, the question everyone wants answered: "Will this moon? When?" I don't know the answer to either question. But considering that the remaining free float is predicted to be 26-30 million ish and superstonk alone owns that much, I think it's safe to assume GME is significantly oversold. What should you do? Fuck if I know. The data here isn't telling you what to do, rather providing you with information to decide for yourself what fits your investing goals best. And of course, if you have any comments or criticisms, I'm all ears to them! I'll probably argue with you, but if you convince me with a good argument, I'll (hopefully) listen to your criticisms. +UPDATE CAN BE FOUND HERE: [https://www.reddit.com/r/realestateinvesting/comments/sq3nhu/what_adventures_await_update_to_hoarder_property/?](https://www.reddit.com/r/realestateinvesting/comments/sq3nhu/what_adventures_await_update_to_hoarder_property/?) + + +Purchased a property at auction in Broward County, FL. It is a 3rd floor condo. I have been watching the property and talking to the neighbors. Nobody has seen anyone go in or out in months but they say the person that originally lived there never came out or opened the door for anyone. The person downstairs said they used to hear footsteps occasionally but haven't heard anything in a while. + +There was a business card from the courthouse that was put in the door frame indicating that the property was being auctioned and it must have been there for at least 4+ months going by the date of the foreclosure judgements. The door is such that you could not open the door and then put the card back from the inside. It could only be put back on from the outside. + +When you see the property at night there is a light on in the living room but all the neighbors say that they have never seen it off. + +I took title last week and am ready to drill out the lock. I'm like 98% sure that nobody lives there but what if the person has just never opened their door for the past 4-5 months and is living inside sustaining on hoarded cans of soup? + +If I drill the lock, open the door, and see them sitting there I have to follow the squatter and eviction laws of the county but do I just put a new lock on, hand him one of the keys, and let him know that I will be filing eviction proceedings? Has anybody else run into this issue? + +UPDATE!!!!: Well Ladies and Gents, I am still alive! At the end is a link to pictures so you can see the place. I went to the unit with another person and called the police. They said it was going to be 30 minutes for them to show up so I decided to move ahead. + +One knock.... No answer + +two knocks..... No answer + +I started to drill out the locks and thought I could hear a voice inside but it was really muffled. At this point, I'm thinking maybe someone will open the door wondering what the heck I'm doing but nothing. I just keep drilling. 4 drill bits break while I'm drilling. Maybe it's a sign. Say a quick prayer that this guy isn't standing on the other side of the door with a shotgun drawn for when I bust through. + +Getting closer and closer and finally the door pops open. I immediately see a whole bunch of trash all over the place, there is a light on in the kitchen, and the TV in the kitchen is on, but no person. I quickly look in the kitchen and around the areas getting enough light from the kitchen to see. No sign of anybody. Just trash. Lots of trash. + +I start moving like Solid Snake through the apartment thinking this guy is hiding in some big pile of trash or around a corner. Nothing in the kitchen other than a ton of trash, dirt, and a TV blaring the news. I head into the living room with my phone flash light on and drill in my other hand. I guess I was just going to attack him with the drill if he popped out. Seems like a really bad plan but I'm feisty. + +Flip the light switches and the chandelier turns on. More trash, furniture buried under mountains of old newspapers, Fedex delivery packages, and boxes of rubber gloves. Honestly, like boxes upon boxes of rubber gloves and rubber gloves all over the floor. Thank god he cared about touching dirty stuff. You have to draw the line somewhere. + +I know the layout of the units and there is a bedroom in the back and a bedroom in the front. I check the first bathroom in the front and it's destroyed. It didn't smell awful but I have no idea what was all over the floor. Cobwebs all over the place. It's the type of place where the bugs come in and take over but after enough time even they all die. How long has this place been empty? I look in the laundry room and there is a wall of trash bags but the space is cleared where the washer and dryer are. It's almost like a little kid built a fort. How he got in and out, I don't know but he made sure when he got in he could do his laundry. Time for the first bedroom. + +I go to open and the door is locked. I look and it's a full blown keyed lock to the bedroom. I'll have to drill it out too if I'm going to get in. If the voices I heard before weren't only from the TV, maybe this guy got up and barricaded himself in the room. Probably a rifle pointed at the door from the other side like Kevin McAlister. I decide that I'll search the rest of the place first and leave them inside the bedroom till I know it's cleared. + +Meanwhile, the whole time the person I brought with me is just standing there asking the walls how anyone could live like this. Obviously unconcerned about his safety, I debate just using him as meat shield but decide against it. + +I go to the back bedroom and jiggle the door handle. It's open. I flip the light switch but nothing turns on. The room is cluttered but not trashed at all. Almost like the room was off limits. There are some medical care things, walkers, bed pads. Must have been the room of someone that passed away and it was left exactly as they left it. Bathroom is connected and it needs some TLC but not nearly as bad as the other. Everything is clear. + +Now it's time for the bedroom showdown. I get ready to drill the lock out. Knock on the door and ask if anybody is in there. Say I am going to drill the lock out and don't want any trouble. If you're in there, just tell me. I start drilling. + +Another 4 drill bits break on this door. Damn Ryobi metal drill bits are as trash as this condo. + +Who would lock an inside door with a key lock when they're the only ones living there? Something doesn't seem right but none of this has seemed right from the beginning. Finally get the lock drilled but can't push the door open. Call my friend over to help me push and get the door about 6 inches open to see a bunch of filing boxes stacked in the way. Talk through the hole to ask if anyone is there. Lights are off. No answer. + +We finally push hard enough to move the whole stack of boxes and get the door open enough to slide in, suck my waist in as much as possible and close the door. Flip the light switch and lights come on. More boxes, not so much trash, but tons of files. The whole place has been searched and nobody was found. I'm confused about how the guy would have been able to push all the stuff against the door and then get out. Did he climb through his window and go back around? That's James Bond sh*t, nobody does that in real life. + +To deliver on content for all of you, I go through and take a bunch of pictures showing how bad of shape the place is in. My best guess as to what happened is that someone was living with there with their mom. Their mom passed away and it all went to hell. They kept her room as a shrine to her but almost never left the place. She had a bunch of cool things, maybe some are worth money and can be resold to help pay for all the reno work this unit will need. I bought well but I don't know if I bought THAT well. + +All in all it seems like it needs a hoarder cleaning service and then to assess the full damage. I already assume new windows, floor, kitchen, bathrooms, front door, and water heater. + +While I'm thinking of this list of stuff I realized one thing. I didn't check the closet in the second bedroom.... There was too much stuff in the way for me to get in.... He's probably back in the kitchen watching TV... Good god. + +TLDR: Drilled the door, found trash everywhere, light on in the kitchen and the TV on but no body and no living person. Forgot to check one of the closets. Going to haunt my dreams tonight. + +PHOTOS: [https://imgur.com/a/vvlYBjk](https://imgur.com/a/vvlYBjk) +Apologies if this post is against the rules in some way, I'm asking here because I'm not sure what should be done in a situation like this and I'm not sure where else to turn besides asking on Reddit. + +Recently my grandparents were made aware that their annuity containing over a quarter of a million dollars, which is most of their life savings, has been fraudulently dispersed. I'm completely lost on what steps would be best to take here or what the likely outcome from this happening will be. Is there any chance of recovering the funds and is there any form of protection against identity theft for something like an annuity or are my grandparents SOL in this situation? Is the bank or brokerage in any way responsible for giving this money to the wrong person? I'm basically completely lost on what to do in a situation like this and I'm definitely no expert on how finances work or are managed, but any help, advice, or suggestions would be a massive help. + +If anyone has any advice on who or what people should be contacted in a situation like this, what steps should be taken, what the best course of action here would be it would be extremely appreciated. If anyone has any questions or wants specifics on the situation for more details if that would help I can ask someone who might know more. + +Thanks + +**Edit**: Just to add for clarification, my grandparents have contacted the institution where the annuity was and it is dispersed, and they are already in contact with the police regarding the situation. I will definitely inform them to get a lawyer if they haven't already. + +**Edit2**: The financial advisor responsible for the annuity was unaware that it had been closed, and the accounts were apparently closed by his assistant without the financial advisor's knowledge. + +The annuity account was closed and transferred to another financial institution (Etrade) in an account under the name of my grandfather that was opened fraudulently and has now also been closed. + +**Edit3**: I've just asked and up until now the only people who were actually aware of the existence of the annuity at all were my grandparents and their estate attorney. Nobody in the family knew this annuity existed until now. +I want to invest in several growth sectors such as AI, clean energy etc. My goal is to make long term gains, nothing overnight. However the more research I do the less I feel I know and then I just feel dejected. There seem to be an endless list of potentially profitable companies to invest in and to avoid but then I read a new article that almost contradicts what I've previously read. I'd rather not settle for ETF's either as I would like to take more of an aggressive approach to investing which is probably ill-advised. How do you deal with this saturation of information and make your choices? +I'm gonna be 18 in five months. My bank is going to start charging me a monthly fee to use my checking and savings accounts. Banks already borrow my money, I don't want them to steal from me too. Are there any banks that don't charge for their services (at least the required ones) and will give me advice in my beat interests rather than whatever makes them more money at my cost? +We often read about how since the 1970's productivity has skyrocketed but the average wage has stagnated. Many say its due to greed. That when a company has a good year it should reward its employees by increasing wages. + + +While it sounds noble and fair, I wonder: how valid or realistic is that proposition? What are the reasons such a proposition might no be realistic? And if its realistic, what are the reasons for that, and what is preventing that from happening? +I am an amateur. So I don't know systems theory or economics at a university level. But I know enough to have conversations. I have a feeling dynamical systems theory is the language economics ought to be spoken in, as math is to systems theory. +https://www.cnbc.com/2021/08/17/palantir-bought-50-million-in-gold-bars-in-august-as-cash-accumulates.html + +"While some companies such as Tesla are diversifying into bitcoin, data analytics software company Palantir is betting on gold. Palantir bought $50 million in gold bars in August, the company disclosed in its latest earnings statement. + +The move reflects a growing company stashing cash in an unconventional asset in response to economic uncertainty spurred by the coronavirus pandemic and governments’ response to it." +>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? +The Fed has been saying since November that they would hike rates 6 times during 2022, sometimes 0.25 and sometimes 0.50. By now, this is old news. The message hasn't changed. Yet, every single time anything is said about this, the general market seems to have a fresh panic sell-off, with growth stocks (e.g. the segment of the biotech industry represented by XBI) dropping to record lows. The recovery in-between news cycles doesn't cover the lost ground. + +Why aren't the Fed rate hikes priced in by now? What would it take for this trend to bottom out? +I'm a PM at a high growth startup that IPO'd two years ago so I've gotten some great first hand experience. But I see that a lot of execs at most companies have some MBA. I've been working for 5 years and I'm considering getting an MBA from either HBS, GBS, or Wharton (if I get in and that's a big IF). Trying to get some perspective on how folks in this community navigated whether to get an MBA or not and if you did, what role did it play further down in your career. Did the cost of MBA pay itself later down the road? Would you do it again if you were to start over? +I am in my 50's and have worked in 5 different companies of all sizes. mostly law firms. + +I also had a small business at some point. Reached fatfire (9m liquid) in January and quit. + +after Fire , I had lot of things to ponder. one of them is my own mindset and why it drove me to spend all these years trying to escape the treadmill. many of my friends are still working. + +According to my limited observation throughout my career, majority of people in the society who chase "fat money" are chasing so that they can enjoy the luxuries that the money provides. They are not looking to get out of the race and nor are they looking for the freedom that money provides. + +There is only a minority of people like us in these FIRE forums who are chasing it for the freedom it provides. Not everyone is trying to escape the treadmill. many don't like to be on the treadmill but its not like they hate it and are constantly thinking about it. At least they are not as desperate as us who are in the FIRE community. They are not spending years trying to get out and therefore there must be a reason why they are not aiming for FIRE. maybe ....just maybe, they are ok with the rat race ! + +Are the few who are desperate to escape the treadmill , misfits in a work culture designed for the majority ? +Also why does the US have to pay interest and debt if the US government has no money in tax money but have to ask to federal reserves to print money and have to pay the interest and debt on it. +In the UK there is a debate as to whether the VAT tax of 5% (applicable to sanitary products) should be abolished, as it is seen as an unfair tax on women. Necessities are not taxed, but luxuries (under which tampons come) are. + +Would the retail price paid by consumers actually change much on such an inelastic good? I’m assuming that retailers just employ a demand based pricing model for such goods, rather than cost plus pricing model. + +What would the effect of this policy in terms of intended and unintended consequence? +I see a lot of FUD and bad DD going around r/wallstreetbets, and its time for more rational discussions about the state of GME and the potential for another bull run. It is possible, but people need to stop being next level retard. It is going to kill any opportunity to recover the stock unless we stop right now and get our heads straight on what's actually going on. So while I don't know shit and this isn't real financial advice, here's a more rational take on what we need to do to get GME moving again. + +Full disclosure: I was in GME in early December at around $15, I was a pussy ass paper hands and folded a winning play of $35 call for Jan 15th when it looked more and more unlikely. I got back in immediately for Feb 19th calls and turned 4k into 70k. I took some profits on the way up (I felt bad for doing so but I knew it was the big brain move, and in the end I pocketed 40k on 4k investment so 0 complaints from me). I'm still holding $115 calls made when the stock was $70 for Feb 19th, and made more 250 calls recently for Feb 26th and Feb 12th at $130 and $100 yesterday. I'm holding all of these till bust, so I'm in it to the moon. I have some shares too but those are a long play, I don't look at them. + +First, we need to accept or at least be open to the idea that the original short squeeze is done. The factors that led to it have changed, either the hedge funds reshorted at higher prices (around 200 most likely), or they can out last us because they know they have bail outs and the media has put the momentum against us. WE CANNOT COUNT ON THE ORIGINAL SHORT SQUEEZE TO REVIVE THIS STOCK. WHAT WE NEED IS AUTHENTIC BUYING AND NEW MOMENTUM. + +On that note, stocks can move ridiculous prices on low volume. What we need is real, authentic retail buying at prices up to at least $200. But right now GME looks like a sinking ship and no one wants to touch it with a 100 foot pole. So how do we fix that? We still have momentum on our side from a large number of believers from around the GLOBE that want a part in this once in a lifetime story. This is powerful but has to be used right, and that's hard when the brokers are shutting us out. But hope is not lost, and restrictions should lift over time. We need patience and resilience. + +We also need to stop telling people who aren't in this for the moment to hold till they die. Some people are losing REAL money over this and we're being complete assholes telling them to hold till they lose their life fortunes so we can make some tendies. Weak hands are going to sell and pressuring them to hold will make the FUD worse. If we want a come back we need the selling to stop, and that means we need to let the weak hands fold WHILE keeping the floor price above a certain level. Let's talk about volume. The recent 'low volume' isn't low compared to the past months, its just lower than the day when GME was THE MOST TRADED STOCK IN THE WHOLE FUCKING WORLD. Stop talking about volume. REAL selling has happened, which is probably the institutions and the paper hands folding. We need to let this energy run its course. Don't act like it's going to the moon and to buy at any price, save our bullets for the hard line in the sand. + +Once the selling has stopped (and it will), we just need to regain momentum with organic buying. People all over the world are waiting on the sidelines for GME to look like its picking up steam again and they will PILE THE FUCK ON just like last time. If we push the price high enough, we can trigger another short squeeze but it is NOT the same conditions as the first one. Stop with the bullshit about ladder attacks (which I've only heard of on this reddit) and us being cheated by the big man, that only scares people away because they think the game is unwinnable. It is STILL a giant fuck you to wall street just by making this stock rocket again, the game does not have to be rigged to make this a david vs goliath story. Whether it is or isn't, that only creates more FUD. + +This sub needs to get its shit together. We need real authentic I LIKE THIS FUCKING STOCK for reasons OTHER than the short squeeze. Like GME just adding a fucking Amazon employee to the board and plans for it expanding online. There is REAL REASON to believe in GME, and that needs to turn into authentic buying, which will then create the momentum we need to get everyone else to pile on the stock again. But this shit about short squeezes and ladder attacks and $10,000 or bust needs to stop. It's just making this look like a sinking ship where everyone on it is stuck in the denial stage of grief. This stock has real potential to hit $300+ again, we just have to change our mind set and the game plan. And I'm too stupid to tell you how, but I know this isn't the way. So buy the fuck out of GME at current levels, but change the narrative to something that has actual basis in reality. And tell people to let the sellers sell so they stop keeping us down and we can get a real rally going. We have enough people on our side to move the needle and get the engine started again, its not over. But its gonna require patience and time and if you aren't in it for the long haul or are gonna pussy out on the way up then just sell now so we can start buying again. At this point, if you're not buying, either get off the ship or hold till death do us part. + +Best of luck retards, I know we can do this +Facebook owner Meta Platforms (META) plummeted Thursday after it reported third-quarter results that fell far short of earnings estimates and offered a revenue outlook that missed the mark. Meta stock lost more than a fifth of its value before the bell. + +The company reported adjusted earnings of $1.64 a share on revenue of $27.7 billion. Analysts expected Meta to report earnings of $1.90 a share on revenue of $27.4 billion, according to FactSet. + +Meta stock crumbled 22.8% to 100.24 in premarket trading on the stock market today. + +The company reported adjusted earnings of $1.64 a share on revenue of $27.7 billion. Analysts expected Meta to report earnings of $1.90 a share on revenue of $27.4 billion, according to FactSet. + +Meta stock crumbled 22.8% to 100.24 in premarket trading on the stock market today. + +Meta Stock: User Count Meets Estimates + +The company expects fourth-quarter revenue to be in the range of $30 billion to $32.5 billion. The midpoint of $31.25 billion compares with analyst estimates of $32.3 billion. + +Facebook reported having 1.98 billion daily active users, meeting estimates and up 3% from the year-ago period. It had 2.96 billion monthly active users, also meeting estimates and up 2%. + +"We are making significant changes across the board to operate more efficiently," Meta said in its earnings release. +**What is a Hard Fork?** + +A hard fork is when nodes of the newest version of a blockchain no longer accept the older version(s) of the blockchain; which creates a permanent divergence from the previous version of the blockchain. + +Adding a new rule to the code essentially creates a fork in the blockchain: one path follows the new, upgraded blockchain, and the other path continues along the old path. Generally, after a short time, those on the old chain will realize that their version of the blockchain is outdated or irrelevant and quickly upgrade to the latest version. + +&#x200B; + +[Hard Fork Illustration ](https://preview.redd.it/uu6wwcd8rpd71.png?width=3024&format=png&auto=webp&s=b0266b64169bfe7d49d1b6a6d6c61369c63141a4) + +In a hard fork, holders of tokens in the original blockchain will be granted tokens in the new fork as well, but miners must choose which blockchain to continue verifying. + +A hard fork can occur in any blockchain even Bitcoin (where hard forks have created Bitcoin Cash and Bitcoin SV, among several others or Ethereum classic from a previous upgrade) + +**"Well if there's a hardfork isn't there also soft fork?" Yes that's exactly right.** + +Hard forks and soft forks are essentially the same in the sense that when a cryptocurrency platform's existing code is changed, an old version remains on the network while the new version is created. + +With a soft fork, only one blockchain will remain valid as users adopt the update. Whereas with a hard fork, both the old and new blockchains exist side by side, which means that the software must be updated to work by the new rules. Both forks create a split, but a hard fork creates two blockchains and a soft fork is meant to result in one.  + +For example, a block size *decrease* can be implemented by soft-forking. However, doing so doesn’t automatically disconnect you from the network. You still communicate with nodes that aren’t implementing those rules, but you filter out some of the information they pass you. + +Edit: This hardfork requires **no action** for anyone who is holding ETH (Except for node operators). You can keep your Ethereum where it currently is. + +Sources: + +* [https://www.investopedia.com/terms/h/hard-fork.asp](https://www.investopedia.com/terms/h/hard-fork.asp) +* [https://academy.binance.com/en/articles/hard-forks-and-soft-forks](https://academy.binance.com/en/articles/hard-forks-and-soft-forks) +* [https://coinmotion.com/what-is-the-ethereum-london-hard-fork/](https://coinmotion.com/what-is-the-ethereum-london-hard-fork/) +As per the title, 33M married no kids, moving from a 1800sq ft run-of-the-mill townhouse I’ve had since I was still finishing school ($550k) to a 7900sq ft 5-level split on a cliff, finished to the nines (~$6MM, 3 levels of patio, indoor resistance pool, gym, etc.). We are still abiding by the housing <30% of gross income rule. House is in great shape, no pressing issues other than new furniture. + +Anything surprise you when you made your move to your first palace? + +Any recommendations for finding an interior decorator vs doing it yourself? Restoration hardware has designers and overall I like their looks. Some of the designers we’ve met with take a kickback of a percentage of furniture you buy, which seems like a perverse incentive to have you overspend. + +Thanks in advance. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Please find the [Daily Non-Eth Discussion thread here](https://www.reddit.com/r/ethtrader/comments/6xylt4/daily_noneth_discussion_September_5_2017/). + +*** + +The thread guidelines are as follows: +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss that in [this daily thread](https://www.reddit.com/r/ethtrader/comments/6xylt4/daily_noneth_discussion_September_5_2017/). +- 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. + +*** + +Enjoy! + +Late April, I started recording all of my option trades. + +My philosophy is to run the wheel: Sell CSP mostly on stocks I don't mind owning (between 65-70% Chance of Profit). I close the trade if I gain 50% with 50%+ DTE left. If the CC/CSP takes a while to depreciate, I sometimes hold until expiry to collect as much premium as possible. If assigned, I sell CCs as far as possible (80%+ Chance of Profit). + +&#x200B; + +Here is a summary of all option trades I made in 2021: + +&#x200B; + +\- Starting Capital: $20k + +\- Most Traded Options Strategy: The Wheel (31 CCs and 21 CSPs) + +\- Most traded Ticker: SOXL (26 trades) + +\- Median DTE: 32 days (median to account for LEAPS outliers) + +\- Average days held: 13 days + +\- Average profit: $151 (total profit for the year: $9381) + +\- Average % return: 49.4% + +\- Wins : 49 vs Losses : 4 + +&#x200B; + +Table with all **of** my option trades: + +&#x200B; + +|**Symbol**|**Type**|**Opened**|**DTE**|**Days Held**|**Premium**|**P/L**|**% Profit**| +|:-|:-|:-|:-|:-|:-|:-|:-| +|SOXL|Covered Call|12-22-21|16|3|410|205|50%| +|SOXL|CASH SECURED PUT|12-02-21|36|5|500|250|50.00%| +|TNA|CASH SECURED PUT|11-30-21|31|7|560|269|48.04%| +|SOXL|CASH SECURED PUT|11-29-21|32|0|610|300|49.18%| +|TNA|CASH SECURED PUT|11-29-21|32|0|300|300|100.00%| +|TNA|CALL CREDIT SPREAD|11-01-21|32|23|500|400|80.00%| +|SOXL|COVERED CALL|10-13-21|30|47|660|660|100.00%| +|PLTR|COVERED CALL|10-12-21|24|0|41|26|63.41%| +|SOXL|COVERED CALL|10-05-21|31|7|405|210|51.85%| +|SOXL|CASH SECURED PUT|10-01-21|42|13|420|185|44.05%| +|TNA|CASH SECURED PUT|09-28-21|38|16|805|440|54.66%| +|SOXL|CASH SECURED PUT|09-28-21|38|9|410|205|50.00%| +|SOXL|COVERED CALL|09-27-21|32|1|308|153|49.68%| +|SOXL|COVERED CALL|09-23-21|36|5|275|270|98.18%| +|SOXL|CASH SECURED PUT|09-21-21|59|2|420|340|80.95%| +|TNA|CASH SECURED PUT|09-21-21|38|1|480|180|37.50%| +|SOXL|COVERED CALL|09-15-21|30|6|420|230|54.76%| +|SOXL|CASH SECURED PUT|09-08-21|37|7|370|165|44.59%| +|GME|CALL CREDIT SPREAD|09-08-21|2|1|225|200|88.89%| +|SOXL|COVERED CALL|09-27-21|32|1|308|153|49.68%| +|SOXL|COVERED CALL|09-23-21|36|5|550|270|49.09%| +|SOXL|CASH SECURED PUT|09-21-21|59|2|840|340|40.48%| +|TNA|CASH SECURED PUT|08-12-21|22|13|480|240|50.00%| +|SOXL|COVERED CALL|09-15-21|30|6|420|230|54.76%| +|SOXL|CASH SECURED PUT|09-08-21|37|7|370|165|44.59%| +|TNA|CASH SECURED PUT|08-04-21|30|2|500|250|50.00%| +|WISH|COVERED CALL|08-31-21|38|21|33|25|75.76%| +|VLDR|COVERED CALL|08-25-21|205|104|90|70|77.78%| +|SOXL|COVERED CALL|08-23-21|25|23|200|10|5.00%| +|WISH|LONG NAKED CALL|08-13-21|161|18|1078|\-63|\-5.84%| +|SOXL|CASH SECURED PUT|08-12-21|36|12|300|150|50.00%| +|AMC|CALL CREDIT SPREAD|08-09-21|4|1|4.95|0|0.00%| +|SOXL|COVERED CALL|07-29-21|22|14|201|111|55.22%| +|PLTR|COVERED CALL|07-20-21|87|65|52|\-82|\-157.69%| +|WISH|COVERED CALL|07-20-21|38|24|95|89|93.68%| +|SOXL|PUT CREDIT SPREAD|07-19-21|60|1|50|0|0.00%| +|TNA|CASH SECURED PUT|07-16-21|42|12|230|96|41.74%| +|VLDR|COVERED CALL|07-15-21|29|4|35|20|57.14%| +|SOXL|CASH SECURED PUT|07-15-21|36|8|170|70|41.18%| +|PLTR|COVERED CALL|07-12-21|32|8|25|13|52.00%| +|SOXL|COVERED CALL|07-07-21|44|9|310|160|51.61%| +|WISH|COVERED CALL|07-07-21|100|13|50|31|62.00%| +|PLTR|COVERED CALL|07-06-21|10|6|10|8|80.00%| +|SOXL|CASH SECURED PUT|07-02-21|49|27|620|280|45.16%| +|VLDR|COVERED CALL|06-29-21|52|14|95|70|73.68%| +|AMD|LONG NAKED CALL|06-22-21|178|7|784|456|58.16%| +|WISH|COVERED CALL|06-16-21|30|20|45|40|88.89%| +|WISH|CASH SECURED PUT|06-16-21|30|5|86|56|65.12%| +|FAS|CASH SECURED PUT|06-14-21|32|17|810|0|0.00%| +|PLTR|COVERED CALL|06-14-21|32|22|40|31|77.50%| +|GME|CALL CREDIT SPREAD|06-09-21|2|1|600|432|72.00%| +|VLDR|CASH SECURED PUT|06-09-21|9|7|28|13|46.43%| +|VLDR|LONG NAKED PUT|06-09-21|9|0|350|70|20.00%| +|PLTR|COVERED CALL|06-07-21|25|10|35|12|34.29%| +|VLDR|COVERED CALL|06-07-21|39|22|30|20|66.67%| +|SOXL|COVERED CALL|06-03-21|43|18|235|120|51.06%| +|SOXL|COVERED CALL|05-24-21|25|10|210|\-25|\-11.90%| +|VLDR|LONG NAKED CALL|05-13-21|218|4|470|130|27.66%| +|VLDR|LONG NAKED CALL|05-04-21|227|35|1440|\-20|\-1.39%| +|PLTR|COVERED CALL|04-28-21|30|15|39|35|89.74%| +|VLDR|COVERED CALL|04-28-21|23|16|160|117|73.13%| +|TNA|COVERED CALL|04-28-21|23|15|270|200|74.07%| + +&#x200B; +[https://www.reuters.com/business/autos-transportation/uber-turns-cash-flow-positive-first-time-2022-08-02/](https://www.reuters.com/business/autos-transportation/uber-turns-cash-flow-positive-first-time-2022-08-02/) + + Aug 2 (Reuters) - Uber Technologies Inc [**(UBER.N)**](https://www.reuters.com/companies/UBER.N) on Tuesday reported positive quarterly cash flow for the first time ever and forecast third-quarter operating profit above estimates, betting on steady demand for its ride-hailing and food-delivery services. + +Uber shares, which have lost more than 40% this year, surged 15% to $28.41 in premarket trading and helped drive an 8% gain in rival Lyft Inc's shares. + +Uber generated free cash flow of $382 million in the second quarter, topping analysts' expectations of $263.2 million, as trips exceeded pre-pandemic levels, boosted by the reopening of offices and a surge in travel demand. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +It's ridiculous that every time BTC dumps all alts dump. Enough! It's time we as a community said no to BTC. Fuck BTC! Fuck the BTC whales! Fuck the BTC miners! Fuck the BTC drama! We honestly don't need BTC anymore. No one does. It's archaic, slow, and expensive. 2018 belongs to the alts! 2018 belongs to the promising projects! + +If you truly believe in the future of Crypto you will sell any BTC holdings you might have and invest in promising alts. Stop caring about BTC. Don't let the price of BTC dictate whether you sell your alts or not. IT'S RIDICULOUS! We need BTC dominance down. Way down! Only when BTC's dominance is under 10% will we have a thriving market. + +Spread this message! Time to move away from BTC! + +**Edit: Contact your favorite exchanges and urge them to implement more pairings! Enough is enough. STOP USING BTC TO PURCHASE ALTS. Use ETH or LTC or whatever else is available for now! This is a psychological battle!** + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +We are a married couple moving to New York this year and debating between renting vs buying in a place like Brooklyn. We still need to commute to Manhattan. We are interested in a place with 2 or 3 bedrooms. Does it make sense to rent and invest the rest of our money in the market or buy a place and hope it appreciate? We don’t know how long we’ll stay in New York. Maybe a few years or maybe buying a place will make us stay longer. + +On a personal level, I’ve been wanting to own my property for many years (maybe it’s a sense of security and accomplishment) and I really love decorating so it would be nice to have my own place to decorate vs a rental property. +My dad is splitting my moms life insurance money between me and my siblings. So we’ll all get about 10k. I want to use it to fix up a house, I’m planning on buying in about a year. So I was wondering what would be the most beneficial place to keep this money for a year or so? Stocks? (That scares me tbh) a high yield savings account? I would love some input, thanks! +This is the first time in quite awhile if ever that the Chinese Yuan has gone below $6.90/USD. When it stays above its support of $6.90 is represents stability but it has gone right through its support tonight. + +All US Markets futures very red. +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! + +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; +**4th of July:** + +\- RC Tweets "Power to the Players" + +\- 10 days before 14th of July + +\- could indicate he filed with NYSE about dividends (speculation) + +&#x200B; + +**8th of July:** + +\- RC tweets a Gamestop on the moon with an ape and DoubleUSB guy drawing green replica of GME chart going through the roof with a crayon made by [/u/the\_end\_is\_neigh-\_-/](https://www.reddit.com/u/the_end_is_neigh-_-/) + +&#x200B; + +**11th of July:** + +\- [Space Oddity from DFV Tweet](https://twitter.com/theroaringkitty/status/1382846198726459394) was released in 1969 + +&#x200B; + +**14th of July:** + +\- Bastille day (Bastille was torn down "Brick by Brick" and is a symbol for people's revolution against the wealthy and mighty) + +\- ***NFT mint day*** + +\- Blackrock [possibly wanting shares back from IWM](https://www.reddit.com/r/Superstonk/comments/oapj59/blackrock_addition_to_the_russell_prospectus_cant/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) which could force partial covering + +&#x200B; + +**16th of July:** + +\- Apollo 11 launch day + +\- a loooot of options expirations + +\- various TA stuff from DDs I've read only TLDRs of converging + +&#x200B; + +**20th of July:** + +\- *Moon Party* organized by Gamestop and Super League Gaming + +\- T+2 fuckery of the 16th hitting the fan + +&#x200B; + +**31st of July:** + +\- federal housing moratorium ends, which could put banks (and the economy) into hot (ter) water + +&#x200B; + +**20th of August:** + +\- Moon party ends (maybe with a bang?) + +\- T+35 from 16th of July options expiration + +&#x200B; + +**23rd of August** + +\- [Algo cycle restarts](https://www.reddit.com/r/Superstonk/comments/ogjkao/i_think_i_figured_out_the_shorting_algorithm/) + +&#x200B; + +This is just a data dump, I'll let you draw your own conclusions from this. + +**TLDR: BUCKLE UP, JACK THEM TITS AND TAKE A LEAK BEFORE THE RIDE, WE GOING TO OUTER SPACE** + +EDIT: Added some more DATES. Yes I did it. I like to live dangerously. If you have important dates we should add to this cool calendar just send me a DM, I'll be your date-shield. +**TLDR:** While becoming a landlord can be a path to FIRE, it’s not always as trouble free as people make it out to be. + +While I’ve seen plenty of threads on having rentals at part of a FIRE strategy, I’ve rarely seen comments from experienced landlords that outline the challenges or negative outcomes that can come along with being a landlord. + +I sold my rental property a couple of months ago, ending my 11-year stint as an accidental landlord. I thought this would be a good time to provide my experience. And before all the “rental moguls” show up to shit on this post, let me qualify that I am not claiming to be an expert. In hindsight there were a lot of things I would have done differently/better. However, I feel I can provide real world examples of what a new landlord can experience. + +If done correctly, there can be a lot of financial upside. However, being a landlord is not as hassle/risk free as most people think it is – and there is no guarantee you will make money. Since many of my experiences tended to repeat over time, I have broken things out into sections. + +**Background:** + +My wife and I bought a newer 3500sq ft 4BR/4BA home in 2008 for $561K. Great neighborhood, school district, etc. This was towards the beginning of the housing crisis and home prices were starting to drop, so we got (what we thought at the time) a great deal. About 15% down from the original asking price. Unfortunately, home values in our area would continue to plummet. + +A couple of years later, I lost my job and had to move a few states away to get a comparable job/pay. Instead of taking a big loss on the house, we decided to become landlords. It seemed like an easy way to diversify. Since we wouldn’t be nearby, we found a small established property management company to watch over the house. They quickly found a family to move in. We were set. + +**Property Finances** + +When we started renting the house, we had paid about $160K into the 15-year mortgage (down payment & principal). Property taxes are high, so the monthly PITI payments were around $4,000. We started renting the house out at the going rate of $3,200/mo. The extra $800 we were paying was purely principal, which we just considered extra savings. + +After the situation I detail in the next section, we started making larger principal prepayments to get the house paid off quickly. From a purely business/financial perspective, not the best move, but this mortgage payment was causing some distress for my wife. We could have refinanced to a longer mortgage (rental property rates are higher) but we weren’t interested in starting the amortization table over again, especially with the depressed value of the property. We ended up paying off the house completely in 2018. + +**1st Property Manager (PM) & Tenant** + +In a nutshell, our PM moved in a family that was getting evicted from another house in our neighborhood. I’m not sure if the PM knew this or not, but minimal digging would have uncovered this. We received rent payments for a couple of months and then started getting partial payments or no payments. Multiple calls to PM resulted in excuses or voicemails. Eventually, we figured out that the PM had skipped town with about $9K of our money and \~$100K from a dozen other landlords. We all filed police reports, but the police were useless. + +My wife and I started dealing directly with the tenants to figure things out. Once we determined they hadn’t paid the last couple of months, we started talking eviction. This caused some disagreements with my wife as she wanted to “give them a chance” where I was pretty pissed that I went to work every day, in part, to put a roof over their head. We finally got on the same page and started the eviction process. + +Since one of the tenants was an attorney and familiar with the eviction process, she stalled proceedings at every turn. Refusing certified letters, dodging process servers, not showing up to court dates, etc. Process servers aren’t the creative geniuses you see on TV. They knock on the door and leave when nobody answers. Each time this happens, you schedule another court date for the Court to tell you to notify the tenant by another method. As a new landlord, the first thing you figure out is every rental law gives the benefit of the doubt to the tenant. + +It took us 2 months to finally get an eviction order. When the eviction date arrived, the tenants still didn’t leave. It took us another month to schedule the Sherriff and movers to show up and physically move them out of the house. The tenants were shocked (and mad) at us for evicting them. “How can you kick us out?!? We’re taking such good care of your house!!!” After dealing with their lies, excuses, and eviction process BS, I didn’t give 2 shits about their hurt feelings. In subsequent conversations with other landlords, this is how these situations usually go down. + +Eviction is a very sequential, drawn out process. A short delay at the beginning will exponentially delay the rest of the process. Serve the 5-day notice (or whatever your State uses) the very second rent is overdue. If you wait until you get mad enough to finally act, you will have wasted weeks. Towards the end of the eviction process, the tenant made some payments, attempting to buy more time. We accepted them, knowing we were still kicking them out. + +As part of the eviction, we received a judgement against tenants for \~$24K (along with 9% annual interest). + +The tenants owed a lot of money to others (previous landlord, car dealerships credit cards and clients). We figured we’d never see the money so the only real satisfaction we got was being involved with the tenant’s disbarment proceedings with the State. In addition to not paying rent, she had been stealing settlements from her clients (probably how she made some of those later payments to us) along with some other shady stuff. We were able to throw some gas onto the disbarment fire by demonstrating she lied on her lease with us (lying on a contract is a big no-no for an attorney). + +Several months after the eviction, we were able to get the $9K the PM stole through our State’s Real Estate Recovery Fund. When State licensed professionals (the PM was a licensed realtor and as a property manager, operated under that umbrella) are fined by the State for violations/etc., that money goes into a pot, which is used to pay off clients that get defrauded by these licensed professionals. We had to jump through a lot of hoops, but the state reimbursed us our stolen money and paid our attorney’s fees. + +These first several months of being a landlord were a nightmare. Had we not been in such a strong financial position, our rental property would have been foreclosed on. + +**2nd PM** + +We found another property management company, a larger organization versus a small shop, and we’ve had them for them ever since. While they didn’t steal money from us (a big plus), I can’t say we were thrilled with the service provided. For those of you thinking, that you’re just going to buy a property and hire a PM to handle everything, think again. + +While I’m sure good PMs exist, my experience is that PMs talk a big game but fail to deliver. They are nowhere near as hard working or as smart as they tell you they are. You will have to stay on top of them for just about everything. A few years ago, our property manager was bought out by a national chain – it didn’t get better. + +PMs are like that black sheep cousin every family has. Not a bad person – just someone that always seems to make bad decisions and doesn’t understand why they can’t get ahead in life. But here you are, the super smart landlord, turning over your most valuable asset to this same person, with the expectation you won’t have to be too involved with overseeing their work. I have detailed out some examples below: + + · Poor communication! PMs tend not to talk to you unless they think they will get an “attaboy” or need an explicit approval from you. For bad news, you will often figure that out yourself before the PM tells you about it, because the PM is hoping it will somehow resolve itself. + + · After we evicted the first tenant (we had to drill the locks, because the tenant had re-keyed them and wouldn’t answer the door), we purchased new exterior locks (\~$300). PM changed the locks and we instructed them to get the old locks re-keyed. PM said OK and promptly threw them away. + + · You have to stay on top of charges/bills you get from your PM. + +o A $75 service charge showed up on a monthly bill, with no explanation. We found out the tenant had a fuse trip. Rather than have the tenant check the fuse box (which is part of the PM’s procedure) the PM decided to come out to the house, flipped the fuse, and sent us a bill for $75. + +o We got a materials bill for $500 to replace some drywall (½ sheet in the garage). I knew that was overpriced and asked for a detailed invoice. I got a receipt for trowels, buckets, drop clothes, etc. I understood paying for drywall, tape, and mud, but I am not paying to equip your maintenance team with tools so they can do their job. Most of the charges were reversed when I said that since I paid for these tools, they belonged to me and I wanted them. + + · We had a tenant pay ½ the rent. Not a peep from the PM – (Remember--5 Day Notice)! We figured it out about mid-month when we noticed the rent money wasn’t all there. Also, the lease states there is a $75 late rent fee, which the PM took it upon himself not to charge. We read the PM the riot act about following their procedures. A couple of months later, there was another ½ rent payment and once again the PM did not bother mentioning it. We caught it sooner and re-read them the riot act. To his credit, this time the PM did charge the $75 late fee. + + · PM went out to address a minor plumbing problem - twice. Neither visit fixed the problem and we got charged $150 for each visit. They were going to go out a 3rd time and I had to tell them to send a real plumber. + + · Our PM contract states that they will conduct a home inspection twice a year. If I don’t ask where that report is, the inspection doesn’t happen. I had to start asking for a picture of the house with a date stamp, because the reports seemed like they were cut and paste from previous reports. + + · Our property management company is responsible to giving us tax paperwork for the property (income/expenses). Every year, it is wrong and we have to work with their accountants to get things straightened out. We’ve had 3 years where the errors were over $10K. I got to the point where if the error benefits us, I don’t complain. + + · This is probably most important - PMs do a terrible job vetting potential tenants. + +**Finding a Tenant** + +Since our property is in a desirable area, we’d usually only go a couple of weeks without a tenant, and each tended to stay about 2 years. This doesn’t mean finding a good tenant was easy. During the search process, PMs would forward applications to us saying “These look like great tenants!” That usually wasn’t the case. PMs are trying to get someone in, so they can get paid. Quality of the tenant should be a concern for them, but it really isn’t. Finding a tenant is just a chore for them. + + · If a PM prequalifies and forwards 10 applications, maybe 2 of them are qualified. The other 8 would have red flags all over them. Our general rule of thumb is that if a prospective tenant had to “explain” a red flag on their application, we ruled them out. The bigger the explanation, the bigger the problem. I don’t expect perfection, but for what you pay them, PMs should have some ability to vet candidates on their own – especially for what you pay them. Some examples of “great tenants” that were provided to us: + +o About 1/4 of applicants provided had credit scores below 579 – defined as “Very Poor.” Unless you were renting under some type of rental assistance program, I have no idea why any landlord would find this acceptable. + +o PM forwarded an application with an older credit report they received from the applicant (not run from the credit bureau). We had the PM rerun the credit report and guess what? - the score was a lot lower than the version the applicant submitted. + +o The annual rent on the house was \~$40K. Applicant could show $60K of income. + +o Received falsified pay statements from a few applicants. They’re never good forgeries. + +o Received an application where the applicant had low income sent a bank statement showing they received large settlement ($100K) that would help guarantee the rent payments. This same bank statement showed that $95K had already been withdrawn. + +o After dealing with our first tenant, we learned how to look up eviction cases in our County (and nearby Counties). We had more than a few applicants that were in the process of being evicted from their current residences but had not disclosed that on their application. + + · This isn’t a PM issue, but when you list your rental, scammers will copy your listing, make some minor alterations, and repost it to Craigslist/Hotpads/Zillow. All in the hopes of scamming someone out of a security deposit. Every day, I had to check various sites for scam listings of my rental and get them taken down. It is not complicated - just tedious. You will find at least one of these postings every day, while you are advertising your rental. + +**Tenant Issues** + +Other than the eviction, we didn’t have major tenant issues. Although there was one situation that could have been ugly, had we not caught it. Our second tenant completed a 2-year lease and signed another 2-year lease. A few months later, they asked about breaking the lease. We were willing to work with them on getting a new tenant, but they would be on the hook for rent, until the new tenant moved in, which lines up with our State law. They told us to forget about it. + +A couple of weeks later, I found our house listed through on the MLS. The tenants were trying to lease it out themselves. I really have no idea what the legal issues I might have had to deal with, had we not caught them before they got someone else to move in. + +We contacted their agent to take down the listing, since she didn’t have our permission to list our property. Instead of being apologetic or making up an excuse, she doubled down and started talking about how we should hire her as our agent. We hung up with her and called her Broker, explained the situation, and threatened him with a complaint with the State regulator (same agency that runs the Real Estate Recovery Fund, so we were familiar with their processes). He took it down right away. + +Something to also keep in mind, is if your tenant uses a realtor to find your house, the realtor will typically charge you a ½ month’s rent as a placement fee (the PM usually gets the other half, unless you have a different arrangement). These realtors will also amend the lease with a clause “If the tenant ever buys this house, you owe me 6% of the sales price.” + +Pets – Every tenant wants a pet. We were OK with it, but tenants will try to push the envelope (more pets / larger pets). Just make sure you get a large enough additional security deposit. + +**Repairs** + +Repairs and their associated costs do not get discussed enough. + +Think of the place you live in currently and think about what you had to get fixed/replaced over the past year. Also realize, the preventive maintenance you do to avoid a bigger future bigger problem, isn’t happening at your rental. Tenants don’t know (or don’t care) about the early signs of bigger problems. You won’t know anything about it, until it completely stops working, which you will then need to fix quickly. + +Age of the property will factor in here. We had a newer property, so things did not really go as wrong as they could have, but we had plenty appliance issues and an HVAC replacement. We were starting to get to a point where me might need to replace the roof, which could be $20K+. Imagine spending more than an entire year’s profits on a single maintenance cost. + +Your choice of rental property will have a bearing as to cost of fixes. The nicer the property, the nicer the fixes need to be. A cheaper house/apartment, you can get away with lower quality fixes/appliances. + +While you have PM to do the day-to-day stuff, there are definitely times when it’s easier/cheaper to do it yourself (probably violating the PM contract). + + · The washing machine died. PM quoted us a ridiculous price (twice the cost of a big box store). The washer/dryer were both old, so we contacted the tenant and asked if we bought a new set, would he (vs the PM) be willing to let the delivery guys into the house to install them. Tenant got a brand-new washer/dryer, and we saved hundreds of dollars. + + · AC unit was having issues. PM had sent repair folks a couple of times, each time costing us a couple hundred dollars. It would work for a couple of weeks and then die again. The final time it died, it was a week of 100 F temps for the tenant. We felt bad because nobody should have to deal with that. Once again, we asked tenant if he was willing to work with us on scheduling. We had a company come out and replace the AC units and water heater (which was getting old). This was $12K worth of work. I can only imagine what the PM would have charged. + +**Administrative** + +One thing nobody ever mentions about being a landlord is the cost of rental property insurance. This is different from traditional home insurance as it covers home damage and lost rent. The first couple of years as a landlord, this insurance is going to be 2 or 3 times what you would pay if you were living in the house yourself. I think in our third year, the premiums dropped significantly. This was something I never previously considered: Insurance companies figured out that brand new landlords are very risky. I imagine they have a lot of data to justify that. + +Unless you’re good with taxes, you’ll need an accountant. There are differences in treatment of expenses/tax deductions depending if you are an Active or Passive landlord. Make sure you know what type you plan to be. + +**Did I make money?** + +We ended up selling the property to our tenant for about $24K more than we paid for it, 14 years earlier. From property appreciation standpoint, it was more we didn’t lose money. Had we sold the house in 2011, we would have lost \~$160K. We knew what the house was worth, as well as how much money we’d have to sink into the house to spruce it up to sell. Keeping this in mind, we made a very fair offer to the tenant, who had previously expressed interest in buying the house, and he accepted. By not having the expense of a realtor or fixing up the place (not to mention the hassle), we ended up pocketing a lot more (with a lot less hassle) than what we would have made with a traditional listing. + +We had a gross rental profit of $131K over 11 years. Not terrible, but for me it really wasn’t worth the headache. Hindsight is 20/20, but with the way the market performed in the 2010’s, I probably would have been better off financially by taking the loss on the property and investing any future money I put into the house into an index fund. + +A lot is written about the tax benefits of being a landlord. Other than getting to write off some travel expenses to check on the rental property (allowing us to visit family/friends nearby), I didn’t see a lot of benefit. I had “losses” every year, which rolled forward until I sold the property. Of course, this is when you learn about depreciation recapture. My losses essentially offset my depreciation recapture. I won’t know the real impact until the accountant crunches the number next year. + +**Things I Wish I Knew Beforehand / Things to Think About** + +· You’re going to “work” as a landlord! It won’t be a full-time job, but there will be times that it feels like one. Don’t believe for a second that your PM will handle everything for you! + +· Talk to an experienced landlord and get their take. + +· Be selective in picking the property. + +o Will it be easy to rent? (Neighborhood/School Quality? – Competition?) + +o Will it be cash flow positive? Make sure you are factoring in ALL costs for the property. + +· Have an emergency fund for the rental. + +o If you didn’t collect rent for a few months, could you afford to keep making mortgage payments? The COVID eviction moratorium should be a wakeup call for anyone that thinks they can be a successful “rent to mortgage payment” landlord. Imagine not collecting rent for almost 2 years but still be on the hook for the mortgage -- and having zero ability to evict the tenant. + +· Get rental property insurance! It’ll be pricey, but these policies are worth it, if something goes south. If the property burns to the ground, they’ll rebuild your house and reimburse you for the lost rent payments. + +· Screen the hell out of your applicants! Trust your instincts. If something does not seem right, pass on them. As a new landlord, this can be gut wrenching. As an experienced landlord, you know you are better off letting your property sit empty for an extra month or 2, versus putting a potential “problem” into it. + +· Landlord-Tenant laws aren’t on your side. If you need to evict a tenant, you will have to jump through a lot of hoops. If the tenant wants to drag things out, the system is set up to let them do just that. + +· Budget enough money for maintenance/repairs. + +· Avoid being a long-distance landlord. It’s already tough job – don’t make it more complicated. + +· New landlords failing (foreclosure/bankruptcy) happens more frequently than anyone thinks. You never hear about it because who wants to post that they failed. Insurance companies realize new landlords are risky and charge accordingly. + +Hope this helps someone make an educated choice for their situation. More than happy to answer any questions. +We saw crypto coins like Ripple, IOTA, and Cardano hit the top with amazing increases that could make any rich. There's lots more like EOS and NEO that's also rising quickly. What do you think is the next coin to hit the top? Can something that's worth pennies be worth a whole dollar next day? What's the next big thing that you'll be investing on? +As someone who works from home and should really leave the house more often, libraries have been my saving grace. Who can afford to go to a coffee shop each day? It’s like $3 a visit even trying to be cheap. + +Library Love: + +- The books and media are free. + +- The coffee is a dollar. + +- There’s AC and it’s quiet. + +- The WiFi is free, fast, and without a time limit. + +- The presentations/lectures are actually pretty high quality; one class felt like a $500 value. + +- No one cares what I’m doing, who I am, or why I’m there. + +- Some of my local ones are open until 8pm at night. + + +All I’ve got to say is I love my libraries and they’ve saved me a small fortune in cash and stir crazy mental health. Library Tour 2019!!! +My long-term partner and I (10 years) have always been pretty equal in the past, but over the last couple of years I've accelerated my earnings to the point where I make over 2x what she does. + +We've always kept things pretty 'down the middle', but even with shifting a lot of cost over to me from the inevitable lifestyle creep, she seems to be struggling with money. + +I currently pay 60% of our rent, 60% of our bills, the entire cost of our car (loan, insurance, fuel, etc.), and contribute about 3x as much to our monthly savings, yet she still has a hard time at the end of each month, and has started to make me feel guilty about the things I can now afford for myself that she "has to go without". + +I'm not sure her joint expenses are really any more than they've ever been, but clearly she needs help. Is there anything else I can do? Maybe a joint pot of splurge money or something? + +Edit: There's some great advice in here, thanks everyone, and I think the consensus is to combine our finances into one big pot and split into smaller pots for personal spending, rather than the other way round (which is how we've been getting by until now). +Hello Everyone, + + +I've noticed something fairly recently that has been kinda bothering me. Being on biggerpockets and seeing how many people who truly have ZERO clue as to what they are talking about, then passing that info off as if they are experts. + +I'm kinda done with reading biggerpockets as a whole. It seems like a lot of amateurs and mom and pops who stick there 2 cents into anything they possibly can. It's a good place to start out for some initial things but man, I've never seen people need this much correcting. + + +A good example. New wholesaler asks questions regarding holding costs, closing costs, and rehab cost. A bunch of people start throwing opinions in. Who might I add have NEVER wholesaled a property and it isn't until the 3rd or 4th page where another wholesaler steps in and gives legit info. You have to many of the small time investors with large ego's giving what is in essence unsolicited advice/opinion. + +I've seen both very new fix and flippers and people who dont even do rehabs try telling a new wholesaler it's his/her problem to add up expenses that are not even the wholesalers responsibility.... + + +To put it lightly, I wouldnt take advice from someone in there 60's only making 4k a month from real estate using buy and hold methods. Nothing wrong with it but people need to stay in there own damn lane. + +I want anyone who reads this and is going into wholesaling to know this. + +1. If your customer tries to dictate how much you make or how you conduct business....end the deal with them and find someone worthwhile. + +2. HOLDING AND CLOSING COSTS ARE NOT YOUR RESPONSIBILTY IT IS THE END BUYERS!!! + +3. Structure how you are going to do EMD payments on your terms....not others. + +4. Do not take advice from people who have never done a single deal and armchair quarterback. + +5. Rehab costs are not your problem. Give a rough estimate with a very simple formula of looks×price per sqft to make an easy transaction. You dont need to be specific. You are not a GC or the person doing the rehabbing...that is there due dilligance to figure out their own true cost. + +6. It is not your job to make sure the end buyers profit margins are correct and hand hold them. If they cant figure it out for themselves, they are not worth your time. They are there to get the property from you and get it assigned to them. Use a simple formula and move on. + + +Sorry for this rant guys, I love the page on here and reccomend this more than biggerpockets. Seems like people here are more level headed and receptive. + +Thanks! +I opened a position in Alphabet yesterday for 2,599 a share. At a PE of around 25, it's definitely not a bargain, but I don't think it's overvalued either for a company that is still growing steady, has great free cash flow and margins, and is overall a high quality business. + +While they are diversifying their revenue streams, their search engine is still the main part of their business. Is there any realistic chance a rival can take away significant market share in the next 5 years, or the next 10 years? I know it's hard to predict these things as we won't know for sure unless it starts to happen. +I'm a 30-year old male who has been living with my 34-year old girlfriend for the past almost 5 years. We do not have any children, but she has one, a daughter, from her previous relationship. A lot of the time, her daughter is at my girlfriends parents house. She sleeps there a bunch and everything. + +The first couple years or so that I was with my girlfriend, things were pretty good. Not great, but nothing insane. Over the past couple of years, we started arguing a lot. At first they were typical fights that most couples probably have. But after awhile they started escalating, and happening over the absolute most ridiculous things. + +I have never in my life been violent with a woman. I've never even been in a fight with a guy. But as our fights started getting worse, my girlfriend started pushing and hitting me in the chest. She eventually took a swing at my face. It got worse and worse, to the point where she would start throwing things (plates, plants, video game controllers, eating utensils, full cans of soda or whatever, anything she could find). + +She became so violent that I started to fear for my safety. I've lived with her, with that fear, for probably about the last year or so. + +Due to a combination of a lot of things (I initially lost my job because of covid, then I had a health scare) I haven't worked in awhile, so she has been bringing home the income. I've basically had to rely on her to get by. + +Today when she went to work, I packed a duffel bag with some very bare necessities, some clothes, and I left and took a bus into the city. + +She's probably just finding out now. She also knows all of my online screen names and all of that stuff, which is why I'm doing this anonymously. + +I have, to be blunt, nothing. I have no money, no food, nowhere to go (my whole family, parents, grandparents, are dead, and I'm an only child), and I don't know where I'm going. I've been sitting on a park bench for hours, trying to figure out what I'm going to do. + +For anybody who has ever been in the position of being homeless, with no support, no sustenance, no whatever or anything, what did you do??? Where do I go??? What are some tips for living in poverty??? + +I know that's a lot to read but if anybody has been in this position I could use some words of wisdom right now + +*EDIT* - I'm grateful to you guys and girls for all of the info, phone numbers, well wishes, etc. I'm not really sure what I should do right now. I have doubts creeping in that I did the right thing; even if my girlfriend wanted to kill me, won't being on the street put me at risk of being killed, also??? Genuine question. So I'm not really sure what to do. Also have to take into account the fact that I legitimately have, like, nothing, and nobody. Having a hard time finding a DV shelter that will help me. + +*2nd EDIT* - Again, I appreciate the support and info and advice people have given me. It means a ton to me. I'm sorry I can't reply to everybody. I'm reading everything though. + +*3rd EDIT, the next day* - I was able to figure out a place to sleep last night. I may have a place for one more night; after that, I'm not sure what I'm going to do. Perhaps not surprisingly, I've talked to two different domestic violence resources. One said that they are primarily focused on women, and directed me to a regular shelter. Said maybe they could help. The second one gave me a few more numbers and things that they said I should try calling. + +I'm not really sure what to do at this point. Which is worse/more dangerous?? Doing what I'm doing, or turning around and going back to my girlfriend?? Genuine question. My mind is so scrambled and I can't even think straight. +Been facing failure in all kinds of transactions from my UPI id linked to my HDFC account, be it checking balance, or resetting UPI pin, or paying someone. I use BHIM and Amazon Pay UPI. + +This has been happening since about 4-5 days for now. First I thought it was a UPI issue as during new year's eve the servers might have been busy. But it's continuing till today and during the period I've been able to so successful transactions with my SBI account UPI id. + +Can't get hold of my relationship manager - tried the no. from the email they gave literally on Dec 15th - IVR tells me to contact some other number which is useless because it has no option to talk to a human or an option to report failing UPI transactions. Tried a bunch of other numbers from their website itself but all in vain. This is frustrating. + +Edit: i reset my ATM pin of the HDFC debit card, then tried to reset UPI pin again for the account associated with both the UPI id and debit card. Still wouldn't work. +I realised one thing, maybe i should try a new pin for the UPI. +I did, and it was successful. I think there was a problem with the pin I aas trying to set. +I believe clean energy is our future, not something nice to do for our Mother Nature. But something out of necessity, something that will affect the survival of our species if we do not adapt. + +Bought big into INRG/ICLN. almost a third of ma portfolio. Been falling ever since, over 6% of value gone. When should I pull out. Would you. + +Doesn’t change tho, I believe clean is the future. Clean is our survival. Have a good day. Best. + +17 Feb 21: update: market overall has been falling this couple of days. Inrg looking like a good opportunty buy now. I should have waited and buy now at a low, 10% value gone. Gonna buy some more inrg now while it’s on sale. +So I heard there was going to be a lot of inflation and I decided to buy into the PDBC commodities ETF to protect myself against it. The prospectus said 'The Fund seeks to provide long-term capital appreciation' - sounded just like what I needed. + +Got in at a price of around $20. The price moved up and down a little, until Dec 3rd, when it suddenly dropped from $20.29 to $14.90. Turns out they decided to pay a $5.39 'dividend', that's 35%! There's a 30% 'withholding' tax on that, which i'm never going to see again, so I'm down $1.62 on each share - that's about 8% of my total investment in one day, despite no fall in commodity prices. + +I just feel like I got scammed on this. + +I'm not a sophisticated investor, I don't go in for short selling or options or margins or any of that stuff. This didn't look like a product that would behave in a weird way like this. How do you know if an ETF is going to issue a massive 'dividend'? Why wouldn't this ETF reinvest surplus funds rather than distribute them. It seems like weird behaviour. + +The prospectus says 'The Fund seeks to provide long-term capital appreciation' - how is that consistent with issuing massive surprise 'dividends'? +MOON selects the top 50 innovation factor as determined in KOMP, it has performed about only 20% less than ARK this year. + +You can find the MOON index that traces back to 2014, increasing by over 500%. Both are based on an index by Kensho, companies are selected based on NLP algorithm, KOMP Has a particularly lower expense ratio at 0.2%, and its performance and diversity triumphs that of QQQ over the past many years, again you can find the index itself dating back many years ago. + +These funds are highly recommended for investors with high risk appetite, and want to diversify away from ARK (due to heavy fund inflow), as well as those that believe in AI in determined the composition of a ETF. Take note that the companies within the index are reselected and rebalanced frequently, and is solely determined by AI except for the industry itself. +I use 30% of margin to trade options(mostly LEAPS), is that bad?. I sell CC from time to time, targeting to payoff margin. What are the risks?. + +Note- willing to pay 2.5% APR for borrowed money. +The Ape community has been through several migrations over the past year, all of which were a result of infiltration and eventual compromise. With each migration, the herd has been further thinned of shills and paper hands. What is left is a beautiful community of level headed individuals (for the most part, we’re still retarded after all). + +But an upcoming Reddit IPO is an extreme threat to the integrity and transparency of our ongoing discussion. After Reddit sells out to big finance, it will likely die, but not before it’s new owners attempt to dismantle this sub and others like it from the inside. + +I don’t know about y’all, but for me Reddit IS [r/superstonk](https://www.reddit.com/r/superstonk/) now, aside from an occasional glance at r-all and r-news. It will be easy to migrate yet again. + +I believe it’s time for the Mods to start an open discussion about a new, independent platform for our discourse to continue - and to begin gathering the resources/volunteer talent to make that a reality. The sub itself is nothing special from a coding perspective - it’s simply that we’re all still here, alongside our selfless Mods, and brilliant DD writers. We can go anywhere. + +It will likely be those in powers’ final Hail Mary to attempt to destroy this sub, no matter the cost. + +Let’s stay one step ahead. + +[u/Bye\_Triangle](https://www.reddit.com/u/Bye_Triangle/) [u/jsmar18](https://www.reddit.com/u/jsmar18/) [u/ButtFarm69](https://www.reddit.com/u/ButtFarm69/) + +EDIT: Just want to clarify that the spirit of this post is not “Hey Mods I know you give of your time and energy to this sub for free, and likely have families, jobs etc, now could you please build us a new information superhighway?”. It is more so about starting an official discussion, possibly a stickied thread, to put heads together and see what options might exist. I know there was a post a while back about this exact idea, but am unaware of the current status of said project. A sanctioned migration could be as simple as moving onto another already established forum site not currently looking to IPO. + +They are coming for Reddit, it’s just a matter of time. +As of 7:50 CT the S&P futures are up +72.75 to 2555.12. What are the drivers behind this? OPEC + meeting moved to Thursday. Boris Johnson gets hospitalized. The only thing I can think of is a model predicted the virus would peak in New Orleans, New York and Michigan in 6-7 days. Any thoughts? +Finally FTDs were released: [https://www.sec.gov/data/foiadocsfailsdatahtm](https://www.sec.gov/data/foiadocsfailsdatahtm) + +&#x200B; + +Numbers below...including GME's even though the result is not surprising. Increasing FTDs directly with GME would cause too much attention, so I've included the top ETFs with GME exposure with the number of shares held in the relative ETF sourced from [https://www.etf.com/stock/GME](https://www.etf.com/stock/GME) + +&#x200B; + +Just a note: Each reporting period is reflected in half month timeframes (ex. 1st half/2nd half). + +|*Ticker*|*Shares FTD (1st half Mar)*|*Previous FTD (2nd half Feb)*|*Previous FTD (1st half Feb)*|*Shares in ETF*| +|:-|:-|:-|:-|:-| +|GME|137,668 \[-72%\]|498,336 \[+106%\]|241,516|\-| +|IJH|178,142 \[+2,184%\]|7,799 \[+15%\]|6,739|1.75M| +|MDY|10,179 \[-82%\]|59,399 \[-80%\]|310,586|532.44k| +|VTI|196,571 \[+164%\]|74,295 \[+237%\]|21,994|414.91k| +|IJK|3,207 \[-95%\]|72,233 \[+508%\]|11,869|412.02k| +|VB|10,594 \[-96%\]|324,687 \[+16,183%\]|1,994|290.85k| +|XRT|2,840,439 \[+84%\]|1,536,339 \[-58%\]|3,666,706|34,898| +|IWB|95,112 \[+442%\]|17,533 \[+26%\]|13,846|45,949| + +**Edit:** *Just to make this huge jump more clear. Timeframe of this report is March 1st to March 15th. This is the same timeframe that GME started a decline from 125.87 to a low of 77.58.* + +&#x200B; + +**Edit 2:** *For a real in-depth analysis on IJH, check out* u/Mikeymikers0n *post:* [*https://www.reddit.com/r/Superstonk/comments/sufvav/introducing\_ijh\_the\_latest\_addition\_to\_the\_etf\_r/*](https://www.reddit.com/r/Superstonk/comments/sufvav/introducing_ijh_the_latest_addition_to_the_etf_r/) *He covered IJH a month ago, BEFORE this huge jump in FTDs.* + +&#x200B; + +**Edit 3:** *Took a while till I had a moment...work. Just added XRT in, I only added the top 5 ETF's that held GME. Source of XRT GME holdings:* [*https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-sp-retail-etf-xrt*](https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-sp-retail-etf-xrt) + +&#x200B; + +**Edit 4:** *Added IWB Sourced from:* [*https://www.ishares.com/us/products/239707/ishares-russell-1000-etf*](https://www.ishares.com/us/products/239707/ishares-russell-1000-etf)*, I didn't add some that held low amounts of GME even if their ETF had a high allocation to GME (ex. MEME). I am reading the comments so if you see one that should be added, just comment below.* +...now is the time to sell it. + +Everyone has taken up cycling and the suppliers have failed to keep up. + +I posted my 12 year old mountain bike on Facebook marketplace early today for £100. + +I had 30 people asking to buy it and have just had it picked up by someone an hour after posting, for £140. + +Won't buy anyone a house but pays for a few dominos and beers! +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). Last ban length: 262144 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +* The hint to this huge drop should've been a period when you saw that meme coins were going up and then more meme coins been created and then fights between meme coin HODLers who's meme coin is the realest... +* ETH folks yelled just days ago "last chance to buy under 4k"... +* grandma coming in to this sub saying it's ok kids +* laser eye twitter profile pics +* John MCAfee doubling down and calling 1 BTC = 2M $ by the end of the day +* covfefe (I dunno) +* moon farming and moons actually being worth a dime +* this sub going to 3 million members +* memecoin subs going into million(s) subs +* people calling themselves CEO of wallstreetbets and the king of the apes for no reason + +TL;DR: BTC is going to reach its new ATH in June 2021 (78k $ to be precise) and you can quote me on that! + +EDIT: thank you guys for all the awards, very kind of you, love you all (APES TOGETHER STRONG) + +EDIT2: Justin Sun (the original Trontard and the guy who stole the copy of the copy of the copy of Ethereum, and twitter troller of announcements of annocements) is going to save us, he just bought 4k+ bitcoin worth 150M $ and 54k+ ETH worth 135M USD with the money he never had or ever seen in his life (not gonna post the link but check out his twitter if you want). He showed no proof of his purchase but we're on the way to 78k USD/BTC moonbois thanks to good ol' sun-shine! The prophecy is still on! +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. +During this strange time, I am in a unique situation. I am at 100% salary, and do not need to report for work. My wife is at 100% salary, and has extremely limited remote responsibilities, to the point where she is essentially working <10 hrs a week. + +I sleep in and wake up on my own every day. I watch some news/tv, take my dog to the park, work on a household chore or project, make dinner, watch some tv, go to bed. Rinse repeat. + +I’m an avid cooker, getting into baking, going on runs in addition to my hour plus park outings with my dog, taking care or overdue house projects. + +This is the life I want. This is what retiring early will be for me. I feel very happy and content, and the only thing I can imagine missing is traveling which who knows how that will turn out after this is all over. + +I’m 17 years away for a chubbyFIRE. + +Anyone else getting a taste of the good life? +Going by P/E ratio for valuations is essentially boomer lingo in this market environment. It does seem concerning how far ahead these valuation are getting though, as far as the big tech names go. + + + "Elon Musk was surprised at the price increase of Tesla stock as his personal worth rose by $36 billion yesterday (October 25). Shares of Tesla ([TSLA](https://www.channelchek.com/news-channel/Raw_Materials_and_the_Scalability_of_Tesla%E2%80%99s__Vision)) jumped by 12.7% to $1,024.86. This equated to a market capitalization of $1.01 trillion." + + +"**Risk to Index Investors** + +Tesla now has a price-earnings (P/E) ratio of 332. The automotive industry P/E ratios generally fall between 10 to 30 depending on expected results. In the broader market, there are very few trillion-dollar companies.  They are the top five companies by market cap in the S&P 500, Apple, Microsoft, Google parent Alphabet, Amazon, and Tesla. In the aggregate, they are worth $9.3 trillion. That's almost 23% of the benchmark S&P 500 [US stock index's](https://www.channelchek.com/news-channel/Why_Index_Funds_Could_be_a_Mistake_in_2020) total value. Add in Facebook, which is a bit short of a trillion and these six stocks have a 25% influence over the S&P 500 movement." + + +[full read](https://www.channelchek.com/news-channel/Tesla%E2%80%99s_Strange_Influence_on_the_Markets) +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! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +TL;DR - Stock split incoming! + +&#x200B; + +This is all the confirmation we need! I'm not much for pleasantries so I just want to dive into this with my interpretation. This isn't financial advice, I lick golf balls for good luck. + +&#x200B; + +This 8-k has a two fold purpose, a stock split and future dividend allowances. Here is the pasted paragraph from the 8-k, bold is my own: + +&#x200B; + +On March 31, 2022, GameStop Corp. (the “Company” or “GameStop”) announced its plan to request stockholder approval at the upcoming 2022 Annual Meeting of Stockholders (the “Annual Meeting”) for an **increase in the number of authorized shares** of Class A common stock from **300,000,000 to 1,000,000,000** through an amendment to the Company’s Third Amended and Restated Certificate of Incorporation (the “Charter Amendment”) **in order to implement a stock split** of the Company’s Class A common stock **in the form of a stock dividend** and provide flexibility for future corporate needs. GameStop also intends to request stockholder approval at the Annual Meeting for a new incentive plan (the “2022 Equity Plan”) to support future compensatory equity issuances. If the 2022 Equity Plan is approved by stockholders, it will replace the current GameStop Corp. 2019 Incentive Plan (the “2019 Plan”), and 8,000,000 shares of the Company’s Class A common stock, plus any shares subject to the 2019 Plan that expire, are forfeited, cancelled, terminated or settled in cash after the 2022 Plan is effective, will be available for issuance under the 2022 Plan. GameStop’s Board of Directors has approved both stockholder proposals, but the stock dividend will be contingent on final Board approval. + +&#x200B; + +This is absolutely huge as it helps set up a potential NFT Dividend as well as a stock split which would recall all existing shares and re-issue the newly split shares. Oh and who likes NFT dividends that can't be replicated??? ME!!!! + +&#x200B; + +Can I get an amen! RC has been trying to move as quickly as possible with this and we have evidence through this filing that he is truly trying to rek the SHFs. + +&#x200B; + +Buckle up! + +&#x200B; + +TL;DR - Stock split incoming! +Sorry if this is inappropriate for the forum and I’m happy to delete, but my travel agent hasn’t responded and I need to tip within 2 hours… + +Fantastic vacation in Mexico. Large house, many guests, 10 days. Team of 5 bartenders, chefs, and a house manager provided service at a level I didn’t know existed. They literally made the vacation. I want to take care of them, but I’ve never done anything like this before and need to know the appropriate range. Our intention is to vacation with this team again (they’ve been together for 20+ years) at this house or another in the future. If anyone has experience, please give me some guidance. Thank you very much! +If you could boil it down to just a handful of things, what would be your must-haves regarding what you would require of your tenants and the lease agreement? + +For example, tenants must make 3x the monthly income. Or perhaps a 1 year min/max lease agreement requirement initially. +I don’t have a network of friends with deep enough pockets for investing. I don’t have enough equity in my home to refinance and take out cash for investing. And so far have not had any luck finding an investor to assist. The area where I’m located is booming in rental cabins/homes for vacationers. Drawing 10 million visitors per year. Rentals go from $100-$500 per night based on size/bedrooms available. The demand is here and growing. I’m looking to take advantage of the demand for rentals. Any suggestions on where to pitch my ideas and plans? I have architectural drawings building plans, take offs for materials needed. And costs to build. I know what the costs will be and what the return on investments will be. Where’s the investors at? +Everywhere you look people are talking about “crash” in RE prices. Say a crash comes and real estate is 30% cheaper tomorrow, why would anyone sell? Highly qualified 700+ credit employed people will panic sell and lose all equity, just to move into a rental property? I just don’t see it. + +For prices to go down we either need inventory to increase or buyers to disappear. For a crash or a fast downward acceleration in pricing we would need people to start panic selling….. +Apologies if this isn’t allowed. Please remove if so. I posted in another community but the audience isn’t exactly the type that would be accustomed to the standards of lux hotels. + +I am currently staying at [redacted] It is my second time here. My first stay in 2020 was exceptional; a thorough oasis of calm and tranquillity. + +My stay this time has been anything but. + +For some reason, two huge groups of 20+ people have checked in on two separate days and they are treating the hotel as if it's their own private party pad. They are loud. Like, super fucking loud. So loud that as I type this at breakfast, I feel as though I am sitting in a high school cafeteria. In the spa yesterday, it was the same. Loud. Boozy. + +Now, those of you who are familiar with the Hotel will know that this is the antithesis of what it is supposed to be. + +When I am paying roughly US$2,000 per night for a spa hotel marketed as a place to come, unwind, and detach from the world in total peace and tranquillity, I do not expect the above to happen. It is frankly a complete failure of management to enable two huge groups of holidaymakers to check in to a hotel that is pretty much only frequented by couples, honeymooners, and solo travellers. + +If I wanted a party, I would have gone to Mykonos. + +So, why am I writing this? + +I am not usually one to complain. Even when things are not 100% perfect. In all my time travelling and staying at high-end places, I have only complained twice about much more minor transgressions. But I am feeling especially pissed off that, having paid $6,000 for my three-night stay, I have not had the opportunity to enjoy any of the facilities due to loud, drunk groups of shouting and screaming holidaymakers. + +So it's safe to say that I am going to complain... but I wanted some input from those of you in this sub who are experienced luxury travellers. + +Should I be pushing for a comp stay/re-stay? A comp night? I of course won't allude to this in my complaint; I intend to provide constructive feedback and expect them to offer a suitable compromise. On this occasion, a comp meal isn't going to cut it. + +Update: Had a lengthy discussion with the GM who agreed that these events were completely off brand and that discussions will be taking place further up the chain re. groups. + +One night comped (didn’t ask for it; simply told the truth—I love this hotel and will return in future regardless, but that I was very disappointed with what had happened) and encouraged to drop the GM an email when I return the next time, so I assume some sort of upgrade for my next stay, or some sort of amenity. + +I would still recommend the hotel to anyone reading this. It’s an extraordinary experience. While the experience was somewhat of a letdown this time, their response to my feedback was in line with what I would expect from a high-end property and I am confident that it will not happen again. + +This is good enough for me. +After 20 years in IT Engineering, I'm bailing. I've been saving at least 20% of my income, investing in mostly large-cap stocks, and I'm finally able to step off that ledge. Mostly thanks to having held AAPL since 2003, I've finally hit 25x my salary, and way past that if you don't count the amount I saved towards getting here. House is paid off, wife is still working full time, and I'm going to go on her health insurance for the time being. + +It's been a ride. I left my long-term position in Fortune 100 IT after 8 years, because they completely re-wrote my job description from SAN Engineer to Automation Coder. I suck at code, I hate coding, and I'm no good at learning it. Plus, the way they were handling the "culture shift" was... Out of touch. + +So I did a 6-month contract, and hated it. It was obvious that they thought of contractors as "the help", despite it being a 20% pay raise from my last, generous job. You don't pay someone like that to publish email newsletters. + +Got my "dream" job, at the local university. Finally, no more long commute. Very "The Monkey's Paw" situation. I got what I asked for, in the worst way possible. The egos here are ridiculous, and they clash like hyenas over a kill. 90% of it is just one coworker and how the boss thinks his antics are funny instead of a clearly fireable offense. + +So I'm gonna take a good 3-6 month break, and reevaluate. Do I need some coast income, or can I be completely independent? We'll see. I know I want something where everything isn't so life and death, with million dollar IT infrastructure just waiting to fail in hitherto-unknown and spectacular fashion. Maybe volunteer at the cat shelter. Maybe try bartending. Maybe just take a nice, long time to decompress and breathe. +# Intro: + +Many of us Apes have been hearing about Reverse Repos and the liquidity crisis as of late, but some may not understand what that means or looks like, and I'm going to explain it & show the relevant data as simply and clearly as possible so that even a brain as smooth as a watermelon could form a wrinkle or two. Technical explanations/suit jargon are simplified by the emojis 🍌🦍 + +No TLDR but if you read the text by the emojis 🍌🦍 you can learn a lot! + +# Reverse Repo Usage & the Imminent Liquidity Crisis + +**The daily aggregate of reverse repo transactions is signaling a MAJOR & IMMINENT liquidity crisis. It is only a matter of time before the Fed has to taper the money supply or else risk long-term substantial inflation.** + +[Reverse Repo Usage in Billions USD. IT'S ALREADY OUTDATED!](https://preview.redd.it/ghbe1lcd1d071.jpg?width=500&format=pjpg&auto=webp&s=ba88d163d87facfcd0bf4914e0b08bfa0dca72ff) + +# I like the lines and colors but what does this mean? 🍌🦍 + +* **Overnight Reverse Repurchase Agreements:** short-term (often overnight timeline) purchase of securities with the agreement to sell them back, usually at a higher price.🍌🦍 **The fed is buying back corporate & US treasury bonds in accordance with Quantitative Easing to reduce the supply of money.** +* **Quantitative Easing:** what the fed likes to call money-printing. the increase in Reverse Repos is signaling a corresponding increase in Quantitative Easing. +* **Tapering:** starting to turn off the money printer + +# What's a liquidity crisis? + +* **Liquidity is determined by how quickly a business can convert its assets into cash** +* 🍌🦍A lack of liquidity can occur when a market has very few buyers or sellers or both. +* One of the biggest sources of liquidity in the US markets comes from repos & reverse repo agreements. The repo market exists for short-term (often overnight) transactions + * Repo = the buyer purchases some securities **🍌 for a short-term period** + * **Reverse Repo = the buyer agrees to sell those securities** **🍌back at a slightly higher price** +* 🍌🦍A liquidity crisis can happen when all of the banks decide to lend all of their bananas out because they make a fortune collecting fees. What happens when the market goes red? No one can pay each other back because banks & hedgefunds leveraged themselves to the tits and rehypothecated all of their bananas into synthetic banana ice cream, and they lent all of that out too. When they run out of bananas, they run out of liquidity. The music stops. +* **If institutions lack the liquidity to perform their daily operations they MUST sell off assets and securities to survive (avoid failing a margin call). If enough institutions lack liquidity all at once, this can trigger market-wide sell-offs.** + +# What does a liquidity crisis look like? 🍌🦍 + +It looks like this: + +**Daily Aggregate Reverse Repo Usage (Collateral Type: Treasury)** + +5/5/21 - 162.800 Billion + +5/6/21 - 154.921 Billion + +5/7/21 - 161.856 Billion + +5/10/21 - 175.548 Billion + +5/11/21 - 181.753 Billion + +5/12/21 - 209.257 Billion + +5/13/21 - 235.217 Billion + +5/14/21 - 241.185 Billion + +5/17/21 - 208.960 Billion + +5/18/21 - 243.470 Billion + +5/19/21 - 293.998 Billion + +**5/20/21 - 351.121 Billion** **🍌HOLY SHIT THAT'S A LOT OF BANANAS!!!!!** + +# TODAY we surpassed the highest amount of Reverse Repo Purchases on the March 2020 Crash at $285 Billion by over $65 billion! + +🍌Is this sustainable? Fuck no. It's either tapering (printer doesn't Brrrrr anymore) or the USD will eventually become 1:1 with the Venezuelan Bolivar. + +🧠🧠🧠Zoltan Pozsar (Managing Director at Credit Suisse): "The \[Reverse Repo Purchase\] cap is a key piece of our warehousing puzzle: the $1 trillion of reserves we’re trying to find a warehouse for are currently warehoused by the Treasury; **U.S. banks can’t add another $1 trillion to their warehouses, and money funds can’t warehouse $1 trillion unless the Fed decides to uncap the Reverse Repo Purchase facility**. Unless the Reverse Repo Purchase facility gets uncapped, bill and repo rates can trade negative and **money funds may turn away inflows, as they won’t invest at negative rates."** + +🍌🦍 What mean? The fed has trapped themselves & banks in a corner after producing too much cash through Quantitative Easing. High Reverse Repo Purchase usage mid-quarter (spikes at end of quarter are typical) signals that **the banks simply don't have the balance sheets to accept the excess reserves. They are forced to park the reserves right back with the Fed using the Overnight Reverse Repo Purchase**. This can have disastrous consequences if Quantitative Easing (printing) continues at its current trajectory. + +🍌🦍🍌🦍🍌🦍Even simpler: **Repo rates go negative because collateral is in high borrowing demand (Fed buying back through the Quantitative Easing program decreases supply). There is a banana shortage caused by printing. In order to balance the effects of printing, new bananas end up recycled right back into the overnight reverse repos** and as the toxic cycle continues, more bananas are produced in the Reverse Repo Purchases, bought and paid for by Quantitative Easing brrrr. See the problem? + +🍌🍌🍌🍌🍌🍌🍌🍌🍌🦍 + +Currently the liquidity in the US stock market is entirely artificial because the fed won't stop brrrrr because **the slightest bit of federal tapering could shut down the entire game. it's either no more bananas for anyone, or so many bananas that the value of bananas becomes near worthless.** + +**No bananas, no liquidity.** + +# Okay, I learned a few new words, but what does this have to do with my favorite stonk? 🍌🦍 + +No liquidity means that major institutions will have to sell off securities & crypt0 to increase their capital supply. If they can't increase their capital supply to meet a certain threshold, margin will ring and ask for a deposit. 🍌🦍 If shitadel & hedgefunds can't make a deposit (aka prove liquidity to be able to cover positions), **DTCC will forcibly close all of their positions and GME will be catapulted into Andromeda and beyond** 🚀 +PandasGUI is an open source GUI I made for doing EDA in Pandas. I use this a lot for my own data analysis and hope it will help others too! + +I was inspired to make this after finding that applications like Excel, Tableau and JMP were often quicker than Python for ad hoc viewing, plotting and reshaping. This project aims to make basic EDA easy but also allows you to easily move DataFrames in memory between the GUI and IPython so you still have the full power of Pandas. It's made with PyQt5 and renders in a standalone window compatible with any IDE. + +**Github** \- [https://github.com/adamerose/pandasgui](https://github.com/adamerose/pandasgui) + +**Demo -** [https://www.youtube.com/watch?v=NKXdolMxW2Y](https://www.youtube.com/watch?v=NKXdolMxW2Y) + +**Screenshots** + +[DataFrame viewer](https://preview.redd.it/00vxl41lxgv51.png?width=1881&format=png&auto=webp&s=c91b44c8325cde11c844c1faf16ed111a824b3d7) + +[Interactive plotting](https://preview.redd.it/1szn2g3mxgv51.png?width=1882&format=png&auto=webp&s=1bea6cdd35cf077b027a3350b5137bcd0be7a233) + +**Installation** + + pip install pandasgui + +**Usage** + + import pandas as pd + from pandasgui import show + # Download and view a sample dataset + path = "https://raw.githubusercontent.com/adamerose/datasets/master/pokemon.csv" + pokemon = pd.read_csv(path) + gui = show(pokemon) + +**Features** + +* View DataFrames and Series (w/ MultiIndex support) +* Move DataFrames seamlessly between GUI and IPython +* Filtering +* Interactive plotting +* Statistics +* Drag & drop import/export +* [more...](https://github.com/adamerose/pandasgui/issues/27) +Hello folks, first post here, long time lurker in FI subs. + +I’ve recently got extremely lucky with a small revenue share cut in a private tech company. I’m a programmer who built failing startups since 2014 (2 of out 12 succeeded). This year I was on track to make 12MM this year due to extreme growth. Meaning 50% or so of my NW was the last few months of income. + +Unfortunately, in May things took a turn for the worst, a change to stimulant medication to keep me focused (MD thought I had ADHD), my nocturnal sleep schedule, lack of social relationships, extreme stress due to 24/7/365 on-call and poor physical health all hit me at once. I went into a “spiritual awakening” (what we call psychosis in the west) and ended up taking a leave from my position due to thinking I was a prophet of God, ended up in a psych ward for 3 days due to suicidal thoughts and given antipsychotic medication. + +I still have the skillset to build 7-8 figure startups, but due to this experience I feel completely burned out from programming most days. + +I could spend at most 100k a year and don’t feel the need for luxurious condos/sports cars. A simple stress free life, close friendships, a SO a couple kids and travel is what I value at my core, and I’ve taken this breakdown as a chance to reflect on my values. However leaving behind this type of money makes me cringe knowing the amount of charity/future potential I could have with it. + +Have any of you folks decided to leave work much earlier than you wanted to due to mental health? Should I go back and tough it out for another few years but risk my mental health? +Sorry if this isn’t the right space for this but I wanted to post on an Aus specific sub. + +After lots of COVID redundancies and then a big bounce back, the company I work for announced it would be raising the minimum salary to $60,000 and would adjust all salaries based on salary benchmarking data. I was on $56,000 as a level 4 clerk under the Private Sector Clerks Award (above award salary). I had a meeting with my manager and director last week to go over my new salary and they came back with…$60,000. Meaning I am getting the same as someone if they started at the company today in an entry level position. Am I right to have expected more? I have been there for 4 years, endured extra workload over the Covid redundancy stage and now handle the data for some of our biggest clients, as well as literally being a higher level of clerk. I raised this issue straight away and was told it will be reviewed in the next stage but was given no timeline (I expect it wouldn’t be until next fin year) + +I also am totally aware that a pay rise of nearly 7% is great at anytime. + +What is reasonable to expect and how can I take it to management? Any help appreciated!! +[https://i.postimg.cc/ZqPMmZQC/ally.jpg](https://i.postimg.cc/ZqPMmZQC/ally.jpg) + +Just got this in an email and thought I'd share. They'd been waiving them automatically during the pandemic but have now made the change permanent. +I've been buying this stock all year ranging in price from $106 down to $90, average price of about $96. + +I sold it all today. After analysis, I'm just not sure wtf this company is doing anymore. I've been a big fan of Apple since 2008 when I first bought my Macbook Pro, then iPhone, and pretty much everything after that. + +This company is a shadow of its former self. Sure they generate tons of cash, but 90% of that is overseas. They are borrowing money to pay dividends. The company seems to get more loaded with debt by the year, which was never the case under Jobs. + +I honestly don't like companies that buyback a ton of stock. This tells me Apple is out of ideas. Tim Cook is robbing this company blind. + +They've been spending a fortune in R&D, yet all we have new under Tim Cook is a Watch that collects dust on the nightstand. Sure, they are looking into cars, but....cars??? + +The Mac line of computers never seem to get updated anymore, yet they'll release 3 iPad size versions and a couple of iPhone versions in a year. I just read a report that Mac sales are on a decline and they've lost what little market share they have, mostly due to the lack of upgrades to the hardware they used to be on the forefront on. + +This combined with declining sales of their bread and butter iPhone? Yikes + +Judging by WWDC recently, Apple is truly out of ideas and lost its way. Stickers in the messaging app? Ok. Default apps would go a long way for me but whatever. + +Plus, I have to wonder why the stock is so cheap. I've been picking it up all year as I've said, but I think investors realize there's no real future with this company anymore. They've got stagnant. I've owned the stock off and on since 2009 so I've made some gains, but I was hoping this round would be the last who-rah. + +This stock has done nothing even in the face of the Brexit rally of the past couple of weeks. Zilch. No where. Sideways. Whatever you want to call it, Apple is lagging behind the market and I'm not just talking about the stock market. + +The fundamentals of this company has drastically changed. + +Perhaps...PERHAPS, once I see this stock in the low 80's and Apple shows some sign of innovation and a new product or two, that'll be the appropriate time to pick it up again. + +But for now. I'm out. Good luck to whoever took my trade at $97.40. +Hi All, + +Wanted to check in and see if anyone has advice on tax reduction strategies they have found useful. Am approaching 1M/year in income as a self-employed solo practitioner, and gonna get killed on taxes obviously. So far I do 57k to the SEP, but other than that, not much else. Am considering a defined benefit plan as my paralegal will be eligible this year for that. Also, considering buying an apartment building or commercial building to do a cost segregation study to accelerate depreciation and offset taxes? + +Anything you guys use that you think might be helpful? + +Thanks! +Yes you read that right. It throws off so much cash and is so low in price that is its current position. + +Deducting debt, it still has $15Bn. + +Revenue per share is at $355 + +& TTM is 2.7x it’s market cap +There are so many bad analyses in seeking alpha, that just scrolling down and looking for something interesting is a waste of time. So can you recommend the best authors? Thank you +Edit: I’m a dumb, high ape so this isn’t financial advice, obviously. + +Edit 2: Don’t forget to vote! And only do it through links provided by GameStop’s official site or your broker! + +With GameStop selling the 3.5m shares at market value, they were able to sneak the sales to retail and longs since hedgies weren’t covering. + +They also timed it perfectly with the FTD cycle, allowing this catalyst along with less selling pressure to cut gravity in half for our rocket. + +They also now have half a billion in cash to announce an acquisition, (edit: ~~potentially riot games since Ryan Cohen tweeted that clenched fist and that’s their logo? Or~~ maybe the common speculation of SLG?) a catalyst in itself. + +In addition, they announced this after hours so any price increase wouldn’t be subject to halts. Meaning it can keep going up before open tomorrow and potentially get to margin call levels. + +The countdown is over. The rocket is taking off SOON. BUY AND HOLD WITH DIAMOND FUCKING HANDS. + +🚀🚀🚀🚀💎🙌 + +Edit 3: holy fuck what if Ryan Cohen’s Ted Tweet wasn’t just about bears shaking or bear bonds or whatever, what if it was also about doing something in private that turned out to be something we didn’t expect????? +You guys really are acting like dumb money. So you want to take this life changing money and sink it into a piece of property designed to impress the very people you despise. Those cars are just pure maintenance issues, one after the other. I'm sure a mechanic will tell you to buy them because they want to stay in business. + +If you want to play it smart, think about the super cars offered by more mainstream companies. Think the Ford GT or like a Dodge Demon or even a Tesla. That's because when it breaks, at least the parts will be reasonable. + +Some of you apes don't have 2 pennies to rub together and are talking about bugattis and paganis. You are the prime case example of why most lottery winners end up broke. + +Be smart. Take some time to see how you can curtail your money into generational wealth for your family and do something meaningful, not in vain. + +Takes this time to reflect about how you can continue to make this money work for you so you are set for life. + +Go spend 500 dollars and drive those cars for the day to get it out of your system by all means, but realistically.... Those cars aren't that impressive and you are not a Dubai oil barron that could afford the upkeep in perpetuity. + + +TL;DR: buy a nice car from a mainstream manufacturer so that you can have some reckless fun in it and not break the bank on maintenance. The exotics will suck up your money faster then Kirby on prom night. Just rent one for a special occasion instead. Much more worth it. + +Obligatory GME 2 DA MOON! + +Edit: OMG! I'm on the hot page of Superstonk! If DFV, Queenkong, or any of the outstanding DD writers or Mods are watching, hello and thank you for all your hard work! Your tireless efforts led me to write this. I don't want to see all these people come so far only to be let down by the realities and downsides of high value assets they know nothing about. I'm really touched by the awards and am glad this is getting traction. Again, I'm not advocating for any particular brand or investment style. I feel like I was just trying to warn a first-time home buyer to not forget to check the plumbing as well and some peoples response is "don't tell me how to spend my money". Spend how you will, but beware the unseen pitfalls. +I'm planning to move out next year with my best friend but currently live with my aunt and pay rent of $400 for a room. And I'm looking into getting a $2k apartment with my friend. I know that 1st and last rent is due for the first month but don't really know much after that. Someone who rents an apartment can give me more info on moving out and finances on it? I make 20/hr,30/hr weekends 5 days a week. And planning to pick up a 2nd job on my 2 off days. Would like some insight on people who already been through this. Oh and we are both in our early 20s,I'm 22 he's 23. We have good credit 700. + +EDIT: Sorry about not being specific with some details. I live in San Francisco area. And combine income with friend is $6,000 a month. And am planning to save up $5,000 before I move out. Didn't expect all these up-votes lol. Thanks for all the feedback and will use this as guidance when I move out. Thank you, Merry Christmas! +A lot of you know I've been a holder for quite a while (first in around 2018), but here's something to get the manbearpigs up and about: + +&#x200B; + +https://preview.redd.it/fxfv2ewyz7i91.jpg?width=1851&format=pjpg&auto=webp&s=7498578c6564d13c2e49a7c8e10c2407ee308287 + +\*Note that the average price is miscalculated here as some shares added in were converted options moved to this broker account with an incorrect cost base. The rest of my holding (just under another 1M shares) is with another broker, having participated in several IVZ capital raisings through them. So all up average cost is more around 6-7c per share. + +... in a few weeks/months time after drilling it'll either be worth multiples more and I'll retire early... or it'll be worth next to nothing and life will go on as it has been, just with less paper gains :) + +Other stocks in this portfolio left in the screenshot for general interest (you would have seen them in previous portfolio updates I've done in ASX\_Bets anyway). + +Onwards and upwards. Remember oil/gas wildcat exploration is about as risky as it gets on the stock exchange. Always do your research, and only play with what you can afford to lose in a worst case scenario. + +Waka Waka +If given the choice between 2 jobs I would be willing to take a 10-15% pay cut if itewnt I could work from home. Saving money on the commute is significant but it's the saving of my time that I really value. Little expenses like coffees and lunches also add up. +Kiba Inu is multi-chain project on both ETH and BSC and you can bridge between the 2 networks. It's not just a meme token as we are building utility unmatched in the crypto space.(see below). If you are on the fence still even after reading everything here, I urge you to join the Telegram channel. There is a wealth of information there along with a bunch of Crypto OG’s. The dev team is always on vc. Monday was the very first Kiba Twitter Space and there were over 700 participants. Kiba Inu has the strongest community backing In the space! 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So I dumped my money into WF and turned it into about $15k in a year. Since about 2011, I have been investing in mainly ETF index funds with the occasional individual stock. I have a 401K thru work that invests in 2 separate index funds where about half my money is. Another 25% is in IRAs that I use to actively trade individual stocks and another 25% is in a brokerage account where I had a few ETF (ARKK and VB) and a mutual fund. Last year all my accounts performed well, especially my IRA due to some lucky trade timing. My 2020 return was about 30% overall. However, early this week I sold a bunch of assets in my IRA and brokerage account and am sitting on about 40% cash. Only holding ARKK and the funds in my 401K. + +Question is, is anyone else struggling to balance the FOMO on this crazy overvalued momentum swing versus a belief that an inevitable correction is going to occur? I am paralyzed in deciding to get back in because when I look at all these fundamentals none of it is making sense. That doesn’t even account for the elephant in the room of the impact all this stimulus may have by causing potential hyperinflation. My strategy has always been to sell when valuations become absurd. Historically I have always been able to find other value and buy back in. Now I am struggling because it seems like everything is overvalued. + +UPDATE: First time posting to r/investing and lots of interaction here. Thanks for all the feedback. I think the thing I take away is a made a trading mistake by trying to time the market and play into the huge momentum rally this year. It helped me get good gains this year but is a challenge for me mentally to get back in. So, I have taken the advice of lots of people on this thread that 'time in the market is better than timing' and traded back in today. +Inflation seems to be on a downward trend in the US - now at 6.62% after peaking at 11.95% in April according to [Truflation](https://app.truflation.com/). As for UK it has been increasing so far but now seems to be tapering off at 17.14%. + +Not going to lie, from the start of the year I was expecting some big companies to go bust leading to a mass liquidation in the markets. We have had our troubles with the pension funds tip-toeing at the edge of collapse, Credit Suisse seemingly destroying its balance sheet, and some crypto exchanges/lenders/funds becoming insolvent. But none of that so far seem to have cause a cascading market wide liquidation, bailout or panic. + +Is it reasonable to conclude the troubled days are hopefully behind us for the time being, or would you expect the worst yet to come? I scaled back my portfolio to a more defensive strategy but with the current market some growth stocks are looking rather tempting for long term hold. In the past my strategy has been to dollar cost average, but at the moment keen to hear what others think of the current market. +Here’s the link to my [original post](https://www.reddit.com/r/personalfinance/comments/fpxmox/is_negative_equity_on_a_car_loan_ever_worth_it/) + +We did it guys! My fiancé and I managed to back out of this terrible loan, 5 days after signing. Here’s the full story of how this loan was unwinded if you’re interested: + +The day after signing, we went in and told them we’d like to cancel. We expressed our regrets with signing without giving it enough thought. I even told them how debilitating my anxiety can be, which contributed to me succumbing to the high pressure they give customers. They denied the high pressure and said that there was no reason for me to be anxious. I fought that point a little but but ultimately told them it was a mistake and that we’d be so grateful if they could void the contract. The sales manager seemed disappointed but okay to see if he can make that happen for us. He left to talk to his GM and came back 5 min later, saying that he would cancel but cannot because the loan has “gone through” with the bank. Apparently, there was nothing the dealership could do. Bewildered, we gave the bank a call to see if it actually works that way. After a 2-hour hold, we got to a CSR who told us that nothing would have gone through in less than 24 hours and that it is 100% not up to the bank to keep this loan in place. + +We went back to the sales manager and told him this. There was a lot of back and forth (obviously they were lying to us) and the GM came into the picture. The GM was very contradictory, going from saying “we made it clear to you that there’s nothing in my power that can void this contract” to “legally I don’t have to do anything for you.” He also reminded us that he now owns the car that we traded in. He pointed out how great of a car we signed up for, highest trim, sunroof, etc. When we told him that it’s not about the car but about the loan, he tried to convince us that we were doing the math wrong and aren’t looking at the bigger picture (less interest payments). We expressed that we really don’t want it. He gave us a deal: pay him $5k to get your old car back and cancel this loan, or keep the contract but receive incentives such as $2000 rebate, free oil changes for life, etc. We told him we’d think it over and come back tomorrow. We did not take delivery of the new car. + +The next day (Saturday), my fiancé went in alone cause I had work. Taking the advice from fellow redditors, we decided to go into offense mode. I had drafted a letter explaining our experience with them to be mailed to various consumer affairs agencies in our region. He went in with that letter. In the middle of the showroom, my fiancé told the GM that we are willing to take the $5k deal to get our car back (this was a bluff, just wanted to see where it would take us). He asked the GM if we could have this deal written on paper so that we can have it looked over by our lawyer and ensure that we will get our car back from this (we never actually had a lawyer). Taken aback, the GM said that he feels bad taking our money like that and went on to encourage us to keep the new car. By this point, my fiancé was getting pissed and raised his voice. He told the GM that in no way is this car deal good for us and that he’d like him to stop trying to shove it down our throats. He told him that a lower interest rate doesn’t mean shit if we’re getting ripped off $20k. He pulled out the letter, told him that we’ll be contacting these agencies and that we will be going forward with a lawyer. He also mentioned that all conversations since the day before have been recorded. The GM chuckled and told him to do whatever he wants (all this was happening in the showroom with many employees watching in silence). The GM kept saying “let me figure something out for you, don’t stress, man” and my fiancé stormed out. Outside the dealership, in plain view of the people inside, he took multiple photos of the new car and of a misleading ad sign they had for “one year of car insurance on us.” The GM ran out to him and said “I didn’t want to say this in front of them but I do want to cancel this for you. Just give me till Monday cause the banks are closed tomorrow. I gotta make some calls and pull some strings. Trust me, I’ll do what I can. Don’t stress” + +Fast foward to Tuesday morning. We went into the dealership expecting the GM to make up another reason to keep us locked in. To our pleasant surprise, we were welcomed by their finance director who took us into her office and offered us two options: keep the car contract but with biweekly payments reduced to $371 CAD biweekly (from $389) with a slightly lower interest rate, or cancel the contract but pay $1200 CAD for the new car restocking fee and servicing that had already been done on our old car. We paid them the $1200 and drove off in our old car, taking that as the price to pay for our bad decision. + +It was important for me to write all this out for anyone in the future who finds themselves in this situation. There is hope and if you stand your ground, you have a chance to get out of a bad car deal. I think it helped that we initially acknowledged our responsibility in this instead of putting all the blame on them. This was a big life lesson for us and I’m kind of glad to have gotten that lesson early in life (we are in our early twenties). My parents saw nothing wrong with this car deal. That was a big eye opener for me. Many older adults just aren’t smart with money and I don’t want to be like that. We will soon be looking into refinancing our current car, pay it down and not even think about getting rid of it before we break even! +Each week I’ll be picking a random ASX stock that I’ve rarely seen discussed online – and that I do NOT hold – that you voted for, for us to dive into for some Due Diligence (“DD”). + +This is for us to have a look at what it does, comb over their financials, and in the end discuss whether or not we’d buy into it. Not all of these stocks may be sexy or appealing; the whole point is to shine a light on what companies are doing out there on the ASX which never get much coverage – for good or bad. + +The main purpose being to add some more variety in coverage to the standard blue chips or meme stocks we see pumped day in and day out, and hopefully discover some hidden gems or innovative companies on the Aussie market. + +Here’s this week’s Random Stock of the Week. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Company name:** Atlas Pearls + +https://preview.redd.it/umluo8ltenl81.png?width=1493&format=png&auto=webp&s=90aae456db528f274e99f25974195e075fb2f00b + +**Ticker:** ATP + +**Industry:** Luxury Goods + +**Headquarters:** Perth, WA + +**Market cap:** \~$23m + +**Current share price:** \~$0.05 + +**1-year Performance:** \+354.55%% + +**What they do, smoothbrain version:** make the pearl necklaces your wife’s boyfriend gives to her. + +**What they say they do, wanky version:** “Atlas Pearls has an enviable reputation as a global leader in eco-pearling, specialising in the Pinctada maxima, producing beautiful and highly sought after silver and white South Sea pearls.” 🍆👋 + +**What they do, actual version:** Owners of seven pearl farms dotted throughout the Indonesian islands, **Atlas Pearls (ATP)** are a Western Australian business who are one of the world’s largest growers and sellers of premium white and silver South Sea pearls. + +Established in the 1990’s, the company specialises in raising, growing & harvesting operations for the *Pintada maxima* species of oyster, which are renowned for the size and quality of the pearls they produce. + +These oysters only grow in the nutrient-rich waters found around the Indonesian archipelago, and being saltwater pearls – which take longer to produce than their freshwater counterparts – fetch a premium price point. + +https://preview.redd.it/g2aqc4bzenl81.jpg?width=2835&format=pjpg&auto=webp&s=b84a94a8e70ca5e9865491e35cff3fe723e87923 + +ATP use a process to ‘selectively breed’ oysters in order to maximise their genetics conducive to pearl quality, then run a careful multi-year maintenance program to ensure the oysters are grown, cleaned & transported in only the most optimal conditions. + +Even despite all of this extra effort and labour, in the end of the 4-year process only around 50% of the pearls harvested will be considered of suitable “commercial” grade. + +Their operation is wholly sustainable and eco-friendly, and participates in a variety of environmental programs that help the oysters themselves contribute to the overall health of the reefs nearby. The oysters are transported to different farms at differing parts of their life stage to reduce risks of algae & environmental factors that would inhibit pearl production. + +The company is mainly a trade-focused “B2B” operation instead of a retail one, selling pearls in bulk quantities to a range of commercial partners around the world. + +This traditionally involved attending flagship in-person physical auctions and other sales events, with monthly auctions at their storefront in Bali, and other viewing events dotted throughout the year in Japan & Hong Kong where their product is highly popular. + +Atlas employs over 900 workers – many of which are part-time Indonesians who assist in manual harvesting of the pearls themselves. + +All up, it now harvests over 500,000 pearls each year, having steadily increased their pearl production consistently for the past 5 years, and with 2021 in particular a bumper year with harvest numbers clocking in at over 560,000. + +ATP has been listed on the ASX for over 25 years; its share price peaked at $0.80 wayyy back in 1996, and fluctuated steadily downward year on year thereafter. + +Factors such as unpredictable seasonality, issues with harvest sizes, declining pearl sizes & quality grades, and a lack of management’s ability to keep operational costs under control all combined for a gradual loss of faith among shareholders. + +[The grades of ATP's pearls have a strong correlation with the company's historic share price \(a.k.a - down\).](https://preview.redd.it/oyko8oq1fnl81.png?width=700&format=png&auto=webp&s=a2b1b4c14de32eb4a492658dfd8bfe3e994d51dd) + +Its stock hit all-time-lows of under 1 cent in 2019-2020, as average pearl sizes and grades hit their all-time lows and the company seemed to be a regular loss-making enterprise with no real concrete plan moving forward. + +The turnaround for ATP’s performance started in mid-2020, with a couple of contributing factors all chipping in. First, Atlas underwent a management restructure towards the tail end of 2019, and the next year a decision was made to sell off an under-producing asset. + +ATP had originally purchased a stake in perfume producer Essential Oils Tasmania in 2013, and after years of it going nowhere, sold off its holding in June 2020 for a cash injection of $1.5 million. + +Secondly, the company also made the decision to extend harvest times for their pearls to an ideal 24-month growing period for consistency of harvest quality & operations, which also coincided in an uptick in the quality and size of their pearl inventory. + +https://preview.redd.it/cbfnw5p5fnl81.png?width=910&format=png&auto=webp&s=bcdcaaa958e6a3573dee96a6bc38fa911b9ed077 + +Covid-19 had also hit by this time, and while the initial fear was that travel restrictions, lockdowns and the newly-imposed restrictions on Indonesia would have negative effects on the business, it in fact ended up having the opposite impact. + +This was largely due to Atlas deciding to close their retail stores, and focus on developing an online platform for conducting their auctions and allowing the digital sale of pearls and clearing of more inventory. + +They held 11 online auction sales throughout FY 2021, selling over 82,000 pearls online for a total direct online revenue of over $3.3 million through trade customers, enabling them to buy in bulk. + +The newfound distribution channel also would allow them to conduct more frequent online auctions throughout the year at times of their choosing, rather than being limited to only the semi-regular scheduled in-person auctions. + +https://preview.redd.it/4rjn06c7fnl81.png?width=1695&format=png&auto=webp&s=dd5fd67cb45a8c297dc072da5462557b84dc71c7 + +While it only accounted for 18% of their revenue, it was so successful the company has now committed to conducting an omnichannel approach in which auctions are conducted physically and online in parallel in order to maximise bid values & eyeballs. + +All of these improvements – along with solid cost-efficiencies implemented by updated management policies – resulted in a series of increasingly positive financial reports quarter after quarter for most of the rest of 2020 & 2021 that the share price finally gradually began to re-rate to a level more approaching the book value of the company’s assets. + +As we sit here after yet another positive report in early 2022 causing another share price spike, how does Atlas Pearls look as an investment moving forward now they’re making substantial profits? And is it sustainable? Let’s have a look at the good & bad. + +Atlas listed on the ASX in 1993, and over the past 20 years has returned -2.35% p.a. annualised (including dividends). + +**What looks good:** + +* For quite a long time, ATP has been extremely undervalued based on simple ‘pure’, basic fundamentals given its assets. Even after its recent sharp share price spikes, and even when building its current debt (around $2.5 million) into its market cap, taking basic ratios such as its Price to Earnings (\~1.6) and Price to Book (\~1) still makes it look pretty damn cheap given where it sits at time of writing. +* At its current \~$21m market cap with over $31m of total assets (!), even though there is typically a 20% discount given to what are considered “biological assets” due to their increased vulnerability, this still looks underpriced. +* ATP reported the following improvements year on year for 2021: revenue up 81%, NTA per share up 111%, EPS up 73%. This caused the share price to jump up from $0.04 to $0.05; a 25% increase… for a more than 100% increase in tangible assets. Again, an indicator of still being undervalued despite recent spikes. +* If we take the company’s figures of 82,000 pearls combining for a $3.3 million revenue figure, that equates to a price of about $40 per pearl achieved through trade partners…. +* Yet, if ATP can properly devise a way to add more retail as a viable sales channel (particularly online), where the markup for these pearls and pearl jewellery is massive (and pearls sell for hundreds of dollars apiece depending on grade), the potential for hugely increased margins is pretty tantalising. +* Their 2020 to 2021 EBITDA increase from $178,000 to $5.6 million was pretty eye-popping, and you’d hope that this is indicative of a future trend rather than a one-off. + +https://preview.redd.it/975gbddcfnl81.png?width=1320&format=png&auto=webp&s=5108ea7dead2eed7253c3307eb49db2787f1edb8 + +* They have used some of their revenue over the past year to acquire an additional sea lease in the waters of West Lembata for another farm area to add more volume & aquatic diversity to existing operations. +* Year on year, the company harvested 462,530 pearls in 2020 vs 562,872 in 2021 (a 21% increase). +* They’ve stated in their most recent update that they’re aiming to sell 75,000 pearls over the next quarter, which if maintained on an annualised basis of 300k per year, at the average price of $40 per pearl means $12m of revenue as a baseline – not accounting for any higher achieved price increases. + +https://preview.redd.it/0x55i8jefnl81.png?width=836&format=png&auto=webp&s=df4287c25a91bd43659e21392e9195797de5c536 + +* The company has continued to sensibly pay down their debt/loan with main shareholder-backed creditor Boneyard Industries instead of hinting at a dividend policy, continually making their balance sheet look less risky: + +https://preview.redd.it/oemku27ifnl81.png?width=830&format=png&auto=webp&s=44d2b9f09138418e9303f4bf9f6369a4305b1785 + +* In tail-end 2021 and now through to 2022, Covid lockdowns have been decreasing in Indonesia which should have onflow effects in terms of both accessing in-person sales events and smoother running of operations. +* They’re largely a sustainable business that’s eco-friendly in the “agricultural” (sort of) space; this prevents it from being subject to any anti-ESG sentiment tailwinds, and may in fact benefit from these if it starts to garner any eyeballs from instos moving forward. +* Since the start of their recent turnaround, the company has been doing a better job of cost control and reducing overall unnecessary capex numbers/costs, with a decrease from $2.7m to $2.1m over the previous year’s quarter, which translates to another nearly $2.5 million per year in profit just from these savings. +* Pearl quality – one of their chief drivers of profit that continually declined over the past couple of decades – looks to be on the rebound as of 2020 onward. If this can continue (or at least stabilise instead of declining), it would lead to their recent higher margins being maintained & then scale with volume accordingly. +* They reported increased average sell price for pearls of nearly 6% higher vs 2020; can this be repeated? If this was applied to 2021 resulting in a $42.4 average price per pearl, the onflow effects to revenue would be significant. +* Management/insiders still own a pretty decent proportion of the shares on issue, and will be incentivised to keep the share price growing strong: + +https://preview.redd.it/s6hdefalfnl81.png?width=855&format=png&auto=webp&s=8d7b4eb7f284d6ebe91a0699be12affbfb41c588 + +* Likewise, there has been some mild levels of on-market buying by insider owners over the past year (especially given the tiny market cap size of the company), and no insiders selling off their shares. All indications are they know the turnaround is underway, passing on a small degree confidence to retail: + +https://preview.redd.it/ksoebwfnfnl81.png?width=830&format=png&auto=webp&s=d0cd8671dd0f3c4c9fd96b27636d7a706c6e28e3 + +* Their online auction system granting more favourable margins has a multiplicative effect; if they can increase this from the 18% figure reported recently, this too will contribute strongly to the bottom line. +* The company has given strong indications that global pearl demand has been on an uptick over the past couple of years, as retail spending on luxury goods has increased. +* Subjectively, their front-facing website/storefront/brand looks quite good, and has a premium feel brand-wise. It’s all too common to come across ASX micro-caps that have shitty digital/design assets that look like they were made by a graduate in powerpoint, but there’s a degree of quality here that at least shows care and effort (which carries over to their annual report/company comms designs too). + +**What doesn’t look good:** + +* ATP as a stock experiences very low average daily trade volume. Only around a meagre few tens of grand’s worth of stock has changed hands each day on average over the past several months, and it can occasionally go days without any shares changing hands at all. +* This lack of liquidity reflects both on the lack of attention given to the stock as a whole (and likely a contributor to it being potentially undervalued), and makes it harder to get in or out: + +https://preview.redd.it/ul944qxqfnl81.png?width=585&format=png&auto=webp&s=5b3955a424661ffa9b8547e9f2d19f423ff72de4 + +* Environmental & seasonal businesses’ success can vary wildly year to year due to issues outside of management and operational control. While the company has a strong inventory at the moment, if they do increase sales levels and then an unexpected environmental effect damages a harvest, it will immediately impact their revenues on a fairly drastic level as the company will be playing “catch up” with regards to oyster/pearl supply. +* This performance turnaround has only been a recent occurrence, with years – in fact, decades – of the company being an underperformer and lacking any kind of strong track record as a business and a stock. They’ve flip-flopped between paying dividends, high and manageable debt levels, investing in outside endeavours and everything in between… do you trust that this is really a “new” version of ATP moving forward? +* While they’ve been making an effort to pay it down, debt is still a concern given the unreliability of their revenues from quarter to quarter. +* The on-market purchases by management that have taken place recently have been miniscule and aren’t exactly massive indicators of confidence; none have happened since the share price has recently run up, and those that have taken place are chump change (wow, $8k… slow down, high-roller…) in the grand scheme of things. +* It will be crucial to see whether or not the recovery in pearl size and quality is permanent, or just a temporary blip. The fact that there is literally no way for everyday investors to know or anticipate this makes it even more of a gamble than regular investing in profitable businesses that have more standard inventory/products they have more predictable control over. +* If you’re after a dividend, this will likely be a while away. ATP paid dividends at various points throughout their company history, however this doesn’t seem likely in the immediate future as paying off existing debt is likely to be the first priority. +* Even though it was from near-all-time-lows, the share price has already run hard over the past year, with a 350%+ increase. While this came on the back of strong performance, it makes you wonder how much more gains the market is willing to price in given the company’s somewhat chequered history. +* Was the spike in pearl desirability & retail spend just another side-effect of the overall beneficial conditions that Covid-19 created for some businesses? Jewellery & luxury goods companies on the ASX experienced a pretty common uptick in revenue across the board as people had nothing else to spend their savings on – we saw this reflected in other listed companies such as Michael Hill (MHJ), Lovisa (LOV), etc. in which people splurged on non-essentials that might normally go into travel/tourism, dining out, and similar money-sinks. + +**Summary:** Atlas Pearls looks like a company in which the combination of both change in management optimisations and global sentiment trends for their product – white, high-quality pearls – are colliding at just the right time. + +Retailers across the globe have indicated seeing significant upticks in pearl sales & demand since the peak of Covid-19 lockdowns initially curtailed demand, and many retail distributors reporting some of their best-ever sales results. + +[IF MANAGEMENT ARE SAYING IT, YOU KNOW IT MUST BE TRUE.](https://preview.redd.it/mdlz7x9yfnl81.png?width=425&format=png&auto=webp&s=804a951aef41a61c7745e9942f0a418d4750adbd) + +In addition, several farms that struggled through the initial portion of the pandemic have ceased production, meaning that there are potentially fewer pearls coming into the market in the next couple of years and granting further pricing power to companies like Atlas. + +Many farms in Australian waters (mostly located off the coast of Western Australia) have also been ravaged by disease, leading to further supply issues which do not affect ATP’s holdings in Indonesian seas. + +According to the most recent figures released by the Australian Bureau of Agricultural and Resource Economics and Sciences, exports of Australian pearls clocked in at just $56 million in the 2018-19 financial year, compared with $241 million 10 years prior. + +Greater macro environmental conditions could be a factor for Atlas, however. While the company takes major precautions to ensure the health of their oyster crops, impacts of global warming & the increase in C02 could throw off the delicate balance that oysters need to build their pearls. + +These unknowns aside, what is known is that ATP looks to have finally turned the corner in terms of getting the structural aspects of their business – and finances – into a sustainably profitable format moving forward. + +https://preview.redd.it/asd73rkzfnl81.png?width=600&format=png&auto=webp&s=5c1ac4a2042c925918a646c78181ed5e9029e944 + +Assuming there are no other major unforeseen external events (and who knows what to expect given the world we’ve been living in the past couple of years), then they’ve become a business where a path to consistent profits is clearly visible as long as pearl demand stays strong. + +**Conclusion:** ATP is the rare case of an ASX micro-cap where the *fundamentals* are so strong, that the *sentiment* is mostly what is holding it back – instead of vice-versa. + +Usually, companies on this end of the spectrum are hoping they’re able to come up with a business model that might be profitable years down the line, if at all, or are smaller tech that has no physical assets other than their IP to speak of. + +ATP is the exact opposite, and as a result whether or not to invest in the stock largely comes down to how much you’re willing to bet on management and the last year or two not being a total one-off miracle. + +The company’s spotty past track record is likely building in a strong price discount to the current share price, as is the fragility of their assets. However, over the end of 2021 and first half of 2022, the market seems to finally be taking notice. + +https://preview.redd.it/ows8yvx0gnl81.jpg?width=1469&format=pjpg&auto=webp&s=aa0c082e58fd9cc3317de81757f52e34775698dc + +Volumes of the stock are up; technical indicators are pointing in the right direction for the first time in years; and the stock has enough built-in asset value that even were it to continue to run up to the \~10c per share mark, it would be hard to call it ‘overvalued’. + +Even allowing it a maximum P/E ratio of \~5 to price in some risk could see around the \~20c mark being “fair value” for ATP. + +As a result, I'm personally strongly interested in this stock, even if I do wish I had followed my gut and gotten in earlier when I first looked at this around the \~3c per share mark. + +This is especially true in a position heading further into 2022 in which value investing & fundamentals are starting to come back to the forefront. + +It’s the same principal that made stocks such as iron ore producer Grange Resources (GRR) such a strong performer recently; the value proposition is so strong, it is almost bound to eventually shift sentiment, at least until the share price shifts back to a more neutrally-valued level. + +Depending how frisky I’m feeling, I may just join the Good Ship ATP and consider investing in some shares in the coming months 🦪🦪🦪. Just don’t fuck things up please, management. + +**Link to web version:** [https://ausinvestors.com/atp-stock-of-the-week/](https://ausinvestors.com/atp-stock-of-the-week/) + +**Vote for next week's Random Stonk of the Week:** [https://ausinvestors.com/poll](https://ausinvestors.com/poll) + +**Links to previous Stonks of the Week:** [https://ausinvestors.com/category/random-stock-of-the-week/](https://ausinvestors.com/category/random-stock-of-the-week/) + +**Company website:** [https://www.atlaspearls.com.au/](https://www.atlaspearls.com.au/) + +**MarketIndex page:** [https://www.marketindex.com.au/asx/atp](https://www.marketindex.com.au/asx/atp) + +Feel free to add your own opinions on ATP in the comments below. + +**Would you buy this stock? Why or why not? Feel free to vote in the poll.** + +[View Poll](https://www.reddit.com/poll/t7lpwz) +I have heard people saying don’t blindly trust on indicators. Well it’s been 15 days I have been searching for different indicators on YouTube and using it. And guess what for first time got in consistent profit for 15 days in a row but is trading using only indicators bad?? +Chart here: [https://www.cnbc.com/quotes/?symbol=.DJI](https://www.cnbc.com/quotes/?symbol=.DJI) + +Obviously, it can keep falling if coronavirus continues to spread, I get that. But I wonder if part of this isn't JUST the virus, although that was the major causative factor. I think people were generally thinking this market needed a bit of a correction, and the virus, while a major danger to markets in its own right, provided everyone an opportunity to unload all of their anxieties. + +We'll see how far down it goes. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +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/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). +**Warning: This is a very risky play, trade at your own risk** + +Hello, All! + +If you are not familiar with this saga, feel free to catch up: + +[First Mention](https://www.reddit.com/r/stocks/comments/k3p4bc/when_will_the_gme_squeeze_happen_answers_here/) + +[Short Squeeze Explanation and Initial Thoughts](https://www.reddit.com/r/stocks/comments/k688qv/for_those_who_dont_understand_the_inevitable/) + +[Timeline and Predictions](https://www.reddit.com/r/stocks/comments/kaa2qh/gme_either_squeezes_or_gets_delisted_who_will_win/) + +[GME Short Squeeze What Comes Next Part 1](https://www.reddit.com/r/stocks/comments/laln2m/gme_short_squeeze_what_comes_next/) + +[GME Short Squeeze What Comes Next Part 2](https://www.reddit.com/r/stocks/comments/lbuhp0/gme_short_squeeze_what_comes_next_part_2/) + +[GME Short Squeeze What Comes Next Part 3](https://www.reddit.com/r/stocks/comments/lgkm5t/gme_short_squeeze_what_comes_next_part_3/) + +[GME Short Squeeze What Comes Next Part 4 (Micro Update)](https://www.reddit.com/user/hooman_or_whatever/comments/lm92zw/gme_short_squeeze_what_comes_next_part_4_micro/) + +Before I get started I want to apologize, this will be a smaller less detailed version than I had hoped and I will not be releasing a video as I feel extremely under the weather. However, I have received a large volume of messages regarding part 4 and my analysis, so here it is. + +First, let's address something that I find very misleading: "this happened on absolutely no news" + +Well, that simply isn't true. I will mention some key things that led up to this point and would like to also quickly mention the 3-day rule. If ER is bad, you follow the 3 day rule meaning you give it 3 days to bleed before it begins to recover. This is the same for the news cycle. Even the first squeeze when Cohen was announced to be joining the board, it took several days before the market react. + +Ok, so let's talk news. + +1. We have passed the first potential catalyst which was the first GME hearing [which unfortunately, was filled with useless information](https://www.reddit.com/user/hooman_or_whatever/comments/lnkmrn/gamestop_gme_short_squeeze_congressional_hearing/?utm_source=share&utm_medium=web2x&context=3). +2. Another catalyst I mentioned was today, the short interest report that was post Jan. 28th spike. [Morningstar](https://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126:0P000002CH) is reporting 60% and [Fintel](https://fintel.io/ss/us/gme) is reporting 24%. Again, the discrepancy between the two is simply based on a calculation difference using a different float. One is including synthetic longs while the other is not. This is the first mention I could find regarding the [XRT discovery](https://www.reddit.com/r/GME/comments/lknjkc/xrt_is_being_used_to_hide_gme_shorts_xrt/) and how shorts may have actually essentially moved their positions into an ETF that includes GameStop. At this point, there are so many moving parts and distrust, I'm having trouble assessing what the true short interest might be. Regardless, even if we use the 24% figure and respect that to be true, [this is still considered very high.](https://www.powercycletrading.com/what-is-a-high-short-interest-ratio/#:~:text=Regardless%2C%20most%20options%20traders%20would,above%2020%25%20is%20extremely%20high) +3. Following [iborrowdesk](https://iborrowdesk.com/report/GME) we can also see a significant amount of new short positions opening over the past several days, probably an attempt to short the stock but without it being reported in todays numbers. +4. Chamath also expressed anger regarding how the Congressional hearing went and followed it up with [this tweet](https://twitter.com/chamath/status/1363571801289154560). I personally believe Chamath was one of the several large buy orders today. +5. Ryan Cohen also [tweeted one of his infamous emoji tweets](https://twitter.com/ryancohen/status/1364650709669601289). Now, I'm not going to bother to attempt to decipher it, but when he Tweets, GME spikes much like when Elon tweets about Doge, it spikes. +6. The [GameStop CFO "resigns"](https://www.cnn.com/2021/02/23/tech/gamestop-cfo-resigns/index.html#:~:text=New%20York%20(CNN%20Business)%20After,his%20roles%20on%20March%2026) which later news indicates he didn't really willingly resign. This is extremely bullish as GameStop continues to make changes. If the company was losing money for years and the man in charge of money was just fired, this is a *good* thing. +7. [DFV doubled down](https://www.reddit.com/r/wallstreetbets/comments/lnqgz8/gme_yolo_update_feb_19_2021/) + +**Ok, now let's discuss some of these things** + +1. The GameStop hearing was simply a joke. The next hearing will paint a more clear picture regarding data as the SEC, FINRA, and potentially, the DTCC will be present. +2. Let's talk short interest. As I have mentioned in previous parts, I have no doubt that original shorts have covered and new shorts have entered. A clear battle I have had in the comments is a lot of individuals seem to believe that shorts only re-opened their positions at the top and that's it. I couldn't disagree with this more. The narrative of GME being a dying brick and mortar company is alive and well, and shorts will continue opening positions all the way down. We saw many new positions open today when it was around $50. There are shorts everywhere, and they completely doubt this company and everyones willingness to hold and continue purchasing more, both for retailers and institutions. +3. Chamath, Cohen, and DFV was a much needed intervention which brought back excitement and truthfully, they probably purchased more shares themselves. + +**Sorry had to take a bathroom break, like I said I'm feeling very unwell and apologize that this isn't quite as good as my other posts.** + +**Let's talk about what happened today** + +I believe today was a gamma squeeze with shorts in the worst positions having to cover. I concur with [this post](https://www.reddit.com/r/stocks/comments/lrrcdk/gme_gamma_squeeze_part_two/) regarding the gamma squeeze and how it started the domino effect. + +I predicted that a large sum of shorts were sitting just over $200 and the AH action helps bolster that claim. We saw the price touch $200 for a moment and then get swatted down like it was a gnat. They absolutely do not want it to break the $200 mark. + +**But onto the important part, my predictions as to what comes next** + +Now, I'm about to say something very silly but the reason is I want you to make your own decision on what the most likely outcome is. + +Tomorrow, either the price will come plummeting down, or it will rise to new, extraordinary heights. + +1. Reason for it to shoot down: There are a lot of bagholders, a lot of individuals who are simply trying to escape with at least their money back. Depending on pre-market, we could expect a large sell off at open as people reclaim their losses. This sell-off will induce a panic sell that causes everyone to exit in an attempt to mitigate as many losses as possible. +2. Reason for it to shoot up: There are a lot of bagholders...who won't be satisfied by just breaking even and will refuse to exit until it breaks $1000-$2000. Depending on pre-market there will also be a lot of people who missed the first run have less doubt in their mind for a potential second run. FOMO and sheer buying power will continue to drive the price upward. + +Both of these are considering retail investors only, although the ATH price action compared to volume suggests there are significant amounts of institutional and "large whale" buyers getting in on the action. They both are also dependent on pre-market so let's talk about that for a moment. + +**Pre-Market** + +While institutional buyers don't necessarily need retail for this to work, it certainly wouldn't hurt to have reinforcements, so I think they won't begin a bull run until the market opens and retail investors have a final chance to double down while new investors have a chance to purchase their tickets. + +However, if they seemingly don't care and want to buy as soon as able then we will test that $200 resistance. If that is broken...this is going to be absolutely wild. The domino effect will continue upward chasing the shorts who entered at the very top. It would be wise for these shorts to cover prior to it reaching them as they could still take profits and walk away with a significant sum of money. This will propel the price extremely high at which point nearly all shorts would have exited. + +**During Trading Hours** + +Again, completely dependent on pre-market, but I still expect a decent sell-off in the beginning of the day as bagholders escape with breaking even happily. If we open above the $200 mark and the selloff does not appear to be driving us below, I expect the shorts who entered their to cover and this reaches parabolic heights. + +**Price Targets** + +Well, I first want to talk about the infinite squeeze notion. I agree with the sentiment but not for the same reasons most users post about. Here's the thing, everyone still considers GME to be a dying brick and mortar retailer aside from few longs such as myself. That narrative is slowly changing as more and more individuals start to see the significant changes being made within the company. So long as this mentality lives on...so does repetition. + +I expect this squeeze to conclude sometime this week, perhaps even tomorrow. What's unique here is we have all now lived through the first one and we will make decisions accordingly, IE taking profits or covering earlier. + +But on the way back down....shorts will open new positions....again. + +A new catalyst will arrive....again. + +And we will squeeze...again. + +I'm not sure how many times this will happen, but I think after 3/25 ER when Cohen globally explains the changes being made and the plans for the company, the narrative will begin to change on GME's business. Until the narrative changes, I expect shorts to continue re-entering at dangerous positions. $50 sounds like a fantastic place to short if you believe this is a dead company, but the market sentiment is changing rapidly on the potential of this company. Once shorts are only entering at ridiculously high numbers, then we will finally see the end of the GME saga. + +I think a second squeeze will be evidence enough to shorts to not enter at such low numbers, however, greed and doubt goes a long way. So it's very possible this is the final squeeze, but I'm not holding my breath. I will address how I plan on playing this in the next section, but first, some price targets. + +So long as we break the $200 resistance, we will have many short positions above that level that will close to avoid getting caught in the red as well as gamma squeeze mechanics at play. That being said, I could see $500 being possible as early as tomorrow. Now the top is so difficult to predict because one of the largest factors is the most unpredictable; the people. Many people were burned by GME and many others have serious FOMO. If there is large volume, then that will be my indicator that people are piling in all over again. If this is the case, I see $1-$2k being possible. If bagholders simply want to exit and take their money back then I think $500 might be the dream peak. + +**So whats your play Hooman?** + +Well, as I have said before I am long on GME. So I will be trimming on the way up and leaving some just in case it continues to parabolic heights. I will then re-enter when I believe we hit the bottom which I feel confident starting to re-enter at $70 adding more on the way down. I will then hold tight for another potential squeeze and repeat this process until finally, the GameStop narrative has changed and I could leave my shares along for several years. + +**Again, I do apologize** + +I know this isn't quite as good as my previous posts, but I wanted to update everyone who was asking me to provide them with my analysis. Part 5 will be coming regardless of what happens tomorrow as I stated numerous times, I don't think this story is anywhere near over, not until April do I think we will start seeing it slow down. + +**TL;DR:** Today was most likely a gamma squeeze coupled with some shorts covering. There were significant catalysts and whales to propel this thing. I don't think the GameStop story is anywhere near over. I'm sick sorry this was choppy writing compared to other posts. + +*Disclaimer: I am not a financial advisor, I am long on GME, this is a risky trade, thanks for reading.* +In MMO games (e.g. World of Warcraft) there's something called a "gold sink", which is when the developers add mechanics to the game which remove excess money in order to prevent inflation. For example, they might add a gate which costs you 1,000 gold every time you go through it, and this gold is essentially deleted from the game. + +Is there a real world equivalent of this? I thought it could be taxes, but on second thought I don't think so, seeing that the money goes to the government and isn't destroyed. +I often see people suggest LVT as a way to solve the issue of the housing crisis. + +Some big cause of the housing crisis are overregulations and laws making it difficult to build. + +another is NIMBYs who vote or rally against new construction so as to not drive down their property values. How exactly does LVT solve this specific issue? Isn't the commodification of housing bad for new housing? especially since home owners are trying to keep or grow the value of their property and new housing doesn't help said property owners do that. +Think about how much the market would have to drop for you to sell. + +Will you sell at a 10% drop? + +Would you hold out until a 20% drop? + +Would you sell at 50%? + +If you're not willing to continue to hold when the market is down 80%, you're probably going to sell at the bottom. + +But that's okay! There are plenty of investments that will earn you a pretty consistent 5% per year while only risking around a 5% loss. + +But Crypto is not that. +The obvious difference in volume of GME and others in the group is telling me that majority of trade volume that drive up the prices of these stocks come from institutions and other giants. Yes, there is definitely fomo buyers and day traders but that wouldn't account for even a tiny percent. So what that means is what we seeing with huge volumes could be shorts covering, and/or they pumping to hedge their positions against GME short position. And they are definitely NOT covering GME or even letting go of that short button. + +My opinion is simply echoing what u/myplayprofile said in her 2 DD posts, and I think they doing the same tactic on several rising stocks right now. So I believe GME has now separated itself from the pack, yes the prices might move similar like they have been, but GME is now 100% different. There is only one Stonk remained. Super Stonk. + +I'm not predicting future prices or anything here, nor do I tell you to do anything. I'm just stating my opinion of GME being the ONE and ONLY stonk on its own now; further confirm my bias of others being distractions, because I started in January buying in the hype of meme stocks, heavily invested in 4 of them, got caught holding since, but now there is only ONE. + +TLDR- Don't get distracted, nothing changed the past 2 weeks, GME volume is still tiny like 2 weeks ago, shorts are shorting more, and very few real ppl actually bought into or FOMO into amc or bb or others, it's all institutions and their media playing games. +So I just attended a phone auction this morning for a new one bedroom apartment in Fortitude Valley in Brisbane. I had almost no intention of bidding unless the prices were outrageously low and had really only decided to attend just to see what happened. + +So bidding started at 300k so I already decided to sit out completely. After the first bid no one put anything up for quite a while and the developers representative was on the phone egging me on to put in 320k, to which I said no. He then went on to the auctioneer to say the phone bidder, (I.e. me) had put up 320k even though I didn't. I was trying to tell him on the phone that I didn't offer anything and he needed to retract it. He completely ignored me until someone put up another offer for 340k. + +It was a completely nerve wracking experience to say the least and it has me worried for what would happen if the REA or developers representative had put the offer up and that bid had won the auction, especially after I had signed the phone auction authority. + +Has anyone else seen dodgy behavior like this? Is it common? Can I report the developers representative who is probably not a registered REA? +**Short interest of GME = 3,000% - 10,000% with float in the billions.** + +&#x200B; + +https://www.reddit.com/r/Superstonk/comments/npi3s7/thesis_si_is_between_3000_10000_assuming_30m/ + +&#x200B; + +**Short interest of GME is 6000% with float at about 4.62 billion shares.** + +&#x200B; + +https://www.reddit.com/r/Superstonk/comments/pfck0g/short_shorter_ep_4_about_a_month_ago_i_used_the/ + +&#x200B; + +**Public float is at least 1-7 billion:** + +&#x200B; + +https://www.reddit.com/r/Superstonk/comments/pu9zuk/fresh_google_consumer_survey_results/ +I am interested to know if algo trading on live news is a thing, and if so, what are the most common services (api providers, etc) that are used for this. Also, it would be helpful if I get the list of features I should keep in mind when comparing news API providers. +Thanks! +Hi! + +Me and my fiance put an offer in on a house at 170,000, got accepted, got a mortgage in principal, and bought a RICS homebuyer's survey via the mortgage company (TSB via L&C). + +The survey highlighted a whole load of problems, every item was red or amber with the most serious problems being: + +* signs of structural movement - needed a further structural survey to know for sure +* one of the chimney stacks in immediate danger of collapsing +* one of the walls bulging outwards +* roof maybe being in need of replacement - may be letting water in to interior timbers +* all electrics and gas needing redoing to be safe +* some plants that might be knotweed - need horticultural survey + +There were loads of other smaller problems too. The survey valued the property at 0, depending on the result of a full structural survey and a horticultural survey. It's an old house so we expected some issues of course, but I think the cost of repair for all these issues would be way out of our budget. We can afford a deposit on the property, our legal fees, and the mortgage costs, but we don't have thousands in savings for major house repairs. I know if it's subsidence for e.g. the cost of repair can be very high. + +We are thinking we will probably walk away without doing any further surveys so as to avoid throwing good money after bad. The estate agent asked for a copy of the survey to show to the vendor but I'm not sure if I should hand it over or not? It cost me £350! + +I'm not a first time buyer, but my current flat survey came back with no issues so I haven't experienced this before. + +Sorry if I'm asking an obvious question but is my instinct to run for the hills the right one? I'm concerned that even after more surveys we might not be able to lend on it anyway if the mortgage provider isn't happy. + +Thanks in advance! + +&#x200B; +I went to a clinic yesterday to take a drug test and the lady conducting the test asked me what I do for a living. I told her I work on oil rigs while learning to day trade. She told me she has a friend that’s been successfully day trading for over eight years now and gave me his contact information. + +I plan on contacting him, but want to make sure I do it respectfully. Any advice? + +How should I go about respectfully asking him to be my mentor? + +I want to offer him something in return, but I don’t know what. I was thinking about doing some work for him in return for mentorship; maybe babysitting, lawn mowing, or anything really. +I called E TRADE on the 16th and requested DRS. At the time the customer service guy was trying to talk me out of it stating they don’t sell my shares or loan them out. First of all no one asked that question. He then had to get someone else to get the approval and 10 minutes later he completed the process. I received a private message in the E TRADE app stating it would take 2 business days to transfer and 3-6 weeks for computershare (which I knew was bullshit). + +5 business days later the message still read processing so I decided to call and follow up. The new guy that took the call said he was not sure why it hasn’t processed yet and said he would investigate. He gave me his extension and said he would find out what’s going on in the next 24 hours. He then said, “I’ll call you back tomorrow and if I forget then call him” + +“If I forget”?! GTFO + +Next day I called him back because of course he forgot. I was sent to his voice mail and he never returned the call by EOD. + +Another day lapses and I call again this the new agent said, “ I see it was requested yesterday and the Cost Team was investigating”. + +WTF is a Cost Team? And it was requested yesterday?! + +I asked her that in a nicer way and she said that GameStop had reorganized their business and their Cost Team has to reassess the value of the GME share. I told her that straight up that is not true. I asked her to prove that GME restructured their business and she responded it’s all over the internet. I laughed at her and told her let’s move on. She then said her Cost Team needs another 4 days to investigate. I asked why wasn’t I informed ? She did not have an answer. I received a secure message regarding the conversion with a reference number for traceability shorty after. + +So basically they can’t find the shares and they are being super shady. We’re close ladies and gents! Brokerages straight up lying and not properly communicating internal delays. + +Buckle the fuck up y’all! + +Edit: here is proof of what they are doing to me + +https://www.reddit.com/r/Superstonk/comments/pv7j5m/i_have_another_post_about_etrade_being_shady_and/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf + +Update: E*TRADE finally sent me an email saying that Direct Registration is complete, however the shares still show in my account. They said CS will take 3-6 weeks. 🙄 + +Update 2: shares are officially in CS! E*TRADE down and TDA to go. TDA is claiming 7-10 days 🙄 +Ok, so I'm in a position, at age 18, where I can work 44 hours a week, and make $20 an hour. Because of this, with time and a half with overtime, I'll be making $920 a week before taxes. I plan on being able to save $750 a week, saving 39k a year, and after like 3 years of reasonably living with my parents, buying a home at 21, and after that start college. I don't plan on pulling any loans for college either, if I don't have enough, I'll skip a semester and save, NO RUSH to finish college. This is also a low ball estimate, assuming I don't get ANY raises or even another promotion. + + +I think this is an amazing idea, buying a home and saving for it during the one time in my life I can live in my parents house rent free, getting one of the hardest steps in life out of the way by the age of 21. I think the housing market will go down because covid really spiked it, and lets be real, it shouldn't be as high as it is now, but even assuming the market stays the same, and with my low ball estimate for how much I'll save, I can still buy a pretty good quality home, I just need to find the one. + + +My friends are saying its a TERRIBLE idea, because what if something happens? This and that, how are you going to get through college, etc. I'll only have to pay some small bills, so running college is no big deal, and I can always take off every other semester, work full time, pay my bills, and save the rest for college money, not an issue what so every. This is also very realistic because my jobs availability is AMAZING and I'd also be able to switch from full to part time, even though I'd get less hourly, I can go from one to the other whenever I want, its all up to me. They're also saying what if something happens to the home? Well that's just OWNING A HOME, you can't exactly get around that. + + +So what do you guys think? I'm still gonna do it, I don't really care what they say about it, but if someone here can get me to understand why its a bad idea, please do. +So I come from a Asian family and traditionally children are basically the retirement plan. I don't mind supporting them financially since they did pay for my schooling till university and take care of me. My dilemma is that my parents are older than most for my age. My parents are 65 and one year away from retirement and I'm 21, just graduated. Ide really love to hear how other people in similar or have been through similar situations are managing . +Interesting comments from the CIO of major investment firm not known as a permabear: + +"We are either moving into a completely new paradigm, or the speculative energy in the market is incredibly out of control. I think it is the latter. I have said before that we have entered the silly season, but I stand corrected. We are in the ludicrous season." + +[https://www.guggenheiminvestments.com/perspectives/global-cio-outlook/coronavirus-impact-on-the-global-economy](https://www.guggenheiminvestments.com/perspectives/global-cio-outlook/coronavirus-impact-on-the-global-economy) +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. + +*** + +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! +Saw this on Fidelity Active Trader this morning. + +&#x200B; + +By Svea Herbst-Bayliss BOSTON, March 10 (Reuters) - Ryan Cohen'sRC Ventures LLC, which owns nearly 10% of Bed Bath & Beyond(BBBY), has hired a proxy solicitor, signalling the firm is ramping up for a potential proxy fight at the housewares retailer, two sources said. RC Ventures has retained Harkins Kovler, the solicitor frequently used by prominent activist investor Carl Icahn in his corporate battles, said the sources, who are not permitted to discuss the private matter publicly. A representative for Cohen did not respond to requests for comment. Harkins Kovler declined to comment. A proxy solicitor polls shareholders on how they plan to vote on hotly contested corporate matters such as mergers or proxy fights. Hiring one signals that Cohen is taking the next steps to prepare for a potential fight with Bed Bath & Beyond(BBBY). Cohen, who co-founded online pet food company Chewy and is chairman of the board at GameStop(GME), disclosed his stake in Bed Bath & Beyond(BBBY) in a letter in which he urged the company to narrow its focus on operational and inventory improvements. He also urged the company to consider strategic alternatives, including a possible sale or spin-off of its buybuy Baby business. In the letter, Cohen estimated buybuy Baby could be worth billions of dollars on its own now that sales are nearing $1.5 billion with double-digit margins. A source familiar with Cohen's thinking said the investor is open to a negotiated compromise with the company if it includes significant boardroom change and a committee to review strategic alternatives led by new independent directors. Bed Bath & Beyond's (BBBY) board currently has 11 members. At the same time, Cohen is also preparing for a potential fight by selecting potential director candidates, the source said. Since Cohen's stake became known, Bed Bath & Beyond's(BBBY) stock price has surged 39%. Harkins Kovler, which was founded in 2015 by former D.F. King executives, is currently handling Icahn's campaign at Southwest Gas(SWX). (Reporting by Svea Herbst-Bayliss; editing by Jason Neely) +"On March 31, 2022, GameStop Corp. (the “Company” or “GameStop”) announced its plan to request stockholder approval at the upcoming 2022 Annual Meeting of Stockholders (the “Annual Meeting”) for an increase in the number of authorized shares of Class A common stock from 300,000,000 to 1,000,000,000 through an amendment to the Company’s Third Amended and Restated Certificate of Incorporation (the “Charter Amendment”) **in order to implement a stock split of the Company’s Class A common stock in the form of a stock dividend** and provide flexibility for future corporate needs." + +A "normal" stock SPLIT is giving you X shares for each share you currently own, while simultaneously lowering the price of the shares by the same X factor. If a 3:1 split is announced and the price is $150, you'll have 3 shares for each 1 share you currently own, but the price per share will be $50. The net worth of your investment does not change. + +A dividend is a "reward" for investors. + +A STOCK DIVIDEND is a reward in *shares*. + +These links outline the differences quite well: + +- https://www.educba.com/stock-dividend-vs-stock-split/ +- https://myaccountinghelp.org/stock-dividend-vs-stock-split/ + +~~I think GameStop plans to first SPLIT the stock, and then issue MORE shares to each shareholder. If (post-split) GameStop issues a dividend of 1 share for each currently owned share, then anyone who sold the stock short will be on the hook for delivering that new share to each owner of the stock that was sold short.~~ + +// EDIT: Follow the links by /u/LionRivr just below and read up. That will lead you to numerous books which state that **stock splits in the form of a dividend *DO NOT ALTER PAR VALUE PER SHARE*.** This means that in the exampled I used earlier, if you had 1 share at current price of $150 and a 3:1 split occurred, you'd end up with 3 shares each valued at $150! Your investment's value would TRIPLE. If the company did a 7:1 (741... 7 for 1...) dividend, your investment's value would go up seven-fold! + +// EDIT2: Numerous apes have pointed out that "par value" is not the same as current price or "market value," and state that the share price WOULD decrease by the same ratio as the number of shares given to you. + +Hedgies are *sooooo* fucked. + +--- + +Just how _fucked_ is "fucked?" /u/LionRivr has a nice writeup here: https://www.reddit.com/r/Superstonk/comments/tt8umb/new_8k_filing_stock_split/i2wlmmo/?context=3 + +--- + +And as /u/BlurredSight points out: + +>Also major point +> +> You do not get a dividend if you’re loaning out shares but you do get extra shares in a split regardless of loaning +> +> They literally are punishing the lenders like Fidelity and IBKr for fucking around and now they’re finding out. This was easily call lenders to bring back stock I expect the % to rise again rather quickly + +So sowwy, Fudelity and IBK, so vevvy vevvy sowwy! + +--- + +It's worth considering some counter-arguments against the _dividend_ part of my assumptions/arguments. Entirely possible I'm over-jacking the tits: + +- https://old.reddit.com/r/Superstonk/comments/tta25x/stock_split_and_stock_dividend_are_not_the_same/i2xbmlx/?context=3 +- https://old.reddit.com/r/Superstonk/comments/tta25x/stock_split_and_stock_dividend_are_not_the_same/i2x28m7/ +[https://www.reuters.com/business/autos-transportation/uber-turns-cash-flow-positive-first-time-2022-08-02/](https://www.reuters.com/business/autos-transportation/uber-turns-cash-flow-positive-first-time-2022-08-02/) + + Aug 2 (Reuters) - Uber Technologies Inc [**(UBER.N)**](https://www.reuters.com/companies/UBER.N) on Tuesday reported positive quarterly cash flow for the first time ever and forecast third-quarter operating profit above estimates, betting on steady demand for its ride-hailing and food-delivery services. + +Uber shares, which have lost more than 40% this year, surged 15% to $28.41 in premarket trading and helped drive an 8% gain in rival Lyft Inc's shares. + +Uber generated free cash flow of $382 million in the second quarter, topping analysts' expectations of $263.2 million, as trips exceeded pre-pandemic levels, boosted by the reopening of offices and a surge in travel demand. +Just read this on the fact sheet for workers 49-60: + +"The Social Security taxes you pay go into the Social Security Trust Funds that are used to pay benefits to current beneficiaries. The Social Security Board of Trustees estimates that, based on current law, the Trust Funds will be able to pay benefits in full and on time until 2034. In 2034, Social Security would still be able to pay about $780 for every $1,000 in benefits scheduled. Learn more at "https://www.ssa.gov/people/materials/pdfs/EN-05-10229.pdf " + +Edit: The link was going wrong due to a . at the end of the sentence. +Hi, I am looking for an a good read on monetary systems and policies, central banking, financial systems and banking, how money is created, how it is loaned to banking houses, how ordinary people get it, etc + +Any good suggestion? + +Thanks :) +My husband and I are in our early thirties. Neither of us completed high school; we both have GEDs. We both come from very financially and emotionally unstable backgrounds. We have a lot of reasons/excuses to fail in life. And we did, for a while. + +Then we found plumbing. My husband went through his apprenticeship first while I financially held down the fort (driving 18 wheelers, which is a great short term way to earn a good amount of money). He still made between $12-15/hr throughout his two year apprenticeship, which is a lot better than no dollars per hour, and now he is paid commission and nets about $60/k year. That is low for this company and he will make more as he gains confidence and experience. + +I have now decided to follow in his footsteps and got lucky with a $15/hr position as a completely green apprentice. As a female, it was VERY hard to break in with no previous labor experience, but I found a female-owned company that gave me a shot. I'm 3 months in, 21 to go for my Tradesman license. + +So, for now, we have a combined net income of about $85k/year, and no debt of any kind. Within two years, that income should rise to $120-$150k very realistically. More is entirely possible as half the plumbers at the company we both currently work for bring home $90k or more. Also, this is for service (residential) plumbing, not commercial or union. You can make great money in both of those arenas as well (especially union if you're in a good state for it). + +I think that most states do not have a Tradesman license, so in that case, your apprenticeship would be 4 years to get your Journeyman. I still think it would be well worth it for a lot of people. + +I just thought I would make a post giving some people a first-hand, real world example of making it without a college degree or any student loan debt. And the job prospects are fantastic. There are no plumbers in my city that look for a job for more than a few days... and they have multiple offers to choose from. The fact is that there are not enough plumbers to go around, and that is true of a lot of trades. The job growth in plumbing over the next 20 years is double the national average. + +Unless you are disabled, there are no excuses. And yes, ladies, you can do it, too. I do. I'm 5'1" and weigh 118 lbs and I do it. I have trouble helping lift water heaters into and out of attics, and the company tries to keep me off water heaters when possible, but I still do it. Yes, it will be harder. But no one ever got anywhere by whining about fairness or difficulty. + +&#x200B; + +I will try to answer questions if there are any. +I work as a sales associate at a sporting goods store where we are required to wear a dress shirt, slacks and up until recently we had to wear leather shoes. I work in the stockroom a lot so slacks wear out incredibly fast. I switched to canvas pants that still look professional but have been barred from wearing them due to the pocket stitching showing. I was told not to return to work without slacks. I find it ridiculous that we’re forced to wear dress shirts and slacks to a minimum wage job, at a low end retailer no less. It quickly gets expensive! I guess I’ll be throwing a $35 pair of pants.... +And how the hell do you determine risk at 1% isn’t that risking a $1? So does that mean I should be looking for trades that will be a potential risk of losing only up to a dollar? Confused. Also should I be focusing on smaller time frames? +This is follow up of [https://www.reddit.com/r/IndiaInvestments/comments/mpuemb/regarding\_investing\_in\_usinternational\_market/](https://www.reddit.com/r/IndiaInvestments/comments/mpuemb/regarding_investing_in_usinternational_market/) where i asked suggestion on brokers to invest in foreign equities. I wanted to post my experience in opening in international brokerage account and choice of foreign securities that i am picking to invest on. + +**What is my objective/goal ?** + +I wanted to invest for long duration(15-20 yrs ) and I wanted to diversify my investment so that i can reduce risk associated with investment. Investing just in Nifty alone (which i already do) will give diversification but you have country risk i.e as it diversified only within India. + +**Where did i open my account and why ?** + +Based on suggestion provided on the above provided reddit post, i opened account with interactive broker, it was fairly easy and the account was opened within 3 days after submitting the form. + +Interactive brokers does not have minimum balance requirement but they charge 10$ as fees every month (post 3 month of starting account). Commission that you pay is actually let forgone from this fees and you pay remaining fees post commission. Ex: if you generate 5$ as commission, then you need to pay only 10-5$ = 5$ as fees and if you make >=10$ as commission then you don't need to pay any fees at all. Also if your investment value >= 100K$ then they don't charge any fees at all. + +They provide access to the entire global market and not just to US equities. + +**What securities am i going to invest ?** + +After some research i am planning to invest only in VWRA ETF (to start with) which is domiciled in Ireland. More info [https://www.justetf.com/en/etf-profile.html?isin=IE00BK5BQT80](https://www.justetf.com/en/etf-profile.html?isin=IE00BK5BQT80) + +Also there are other world index like MSCI all world etc. More info on comparing MSCI vs FTSE all world: [https://investmentmoats.com/passive-investing-2/iwda-versus-vwra-significant-performance-differences/](https://investmentmoats.com/passive-investing-2/iwda-versus-vwra-significant-performance-differences/) + +VWRA ETF is based on FTSE All World index: + +* The index measures the market performance of large- and mid-capitalisation stocks of companies located around the world. +* Includes approximately 3,900 holdings in nearly 50 countries, including both developed and emerging markets. +* Covers more than 95% of the global invest-able market capitalisation. + +Technically it is quite diversified across the entire world and provide better guarantee's and really better downside protection. + +The index has provided avg growth rate of 10.99 % in last 10 years: [More info this](https://backtest.curvo.eu/portfolio/vanguard-ftse-allworld-ucits-etf-usd-accumulating--NoIgaghgdg5grhATgEwAQDEAqBlAoqgQQBsiBaAdQHtEi0BVAYQEkdVdN1UAKO7AEQCUhAMbC4AWzhEIAFwCWsEABpgoJrgAMGgEIBpAKzaAipgAcG5QEYAuraA?config={%22transactionFee%22%3A4%2C%22periodStart%22%3A%222011-03%22}) (backtest simulation). + +Best years: + +* 2019: 29.3% +* 2014: 19.1% +* 2013: 17.7% + +Worst years: + +* 2018: -4.7% +* 2020: 6.7% +* 2017: 8.6% + +Also the ETF is accumulating in nature i.e they don't pay you dividend (which has yield of avg 2%) instead it is re-invested into the ETF's automatically. It is good because i am not looking for any immediate returns from this ETF and i don't want to file capital gains each year on the dividends received and it lets the ETF grow naturally over time. + +**Minimum investment amount and charges:** + +**Forex charges:** + +Forex charges by ICICI is fixed and doesn't change by larger factor based on amount transferred, so it makes more sense to transfer and invest in large amount to negate the Forex charges. + +Edit: as mentioned on one of the comment, ICICI charges: [https://instantforex.icicibank.com/instantforex/forms/MicroCardRateView.aspx](https://instantforex.icicibank.com/instantforex/forms/MicroCardRateView.aspx) + +**Minimum investment amount:** + +Like i mentioned already unless you have 100K balance in IBRK, you need pay 10$ per month as fees. In case if you are planning to invest in one go, then we need to pay this 10$ for each month as we wont be making re-current transaction; we need to invest in large amount (10L+ ) so that this fees wont eat up on your returns. Example if you investment is 10L then this fees would translate to 0.89% per year so larger the amount you invest lower the % wasted on broker fees. + +**Gain simulation:** + +Foreign investments are treated as debt instruments when invested more than 2 years i.e they are taxed at 20% with indexation benefit, which is really great :). + +Example if i invested lump-sum of 10L and assume my yearly returns as 10% ( based on last 10 years and i am letting forgo of .8% per year which i need to pay as fee) + +Invested amount: 10L + +Interest per year: 10% ( i am not taking INR depreciating against USD into account, which can technically increase returns, same wise INR appreciation can reduce the returns but that probability seems to be low) + +Investment after 10 years: 27.07 lakh + +profit: 17.07L + +Tax: + +I am assuming inflation index to go up 10 points each year or 100 points for 10 year duration (this can even more provided where the state of our economy is going ) + +Indexed returns = Final amount - (investment amount \* index rate during investment time/index rate during withdrawal time) + += 27.07L - (10\* 2) + += 7.07L + +Tax that needs to be paid: 20% of 7.07L = 1.4L + +Effective tax % that was paid: 1.4L for 17.07L returns = 8.2% (this can be even lowered if you invest for more duration) + +Again this is based on taxation assumption that is prevalent at current time who know what GOI will do to the taxation 10 or 20 years down the lane 🧐 + +**Take-way:** + +* If you want to diverse your investment and have investment worth >= 10-20L then you can consider investing in world index like FTSE all world or MSCI world index. Ex: VWRA ETF, which is better than s&p500 (in terms of diversification and downside protection) + * S&P500 vs World Index (ps: FTSE and MSCI indices are somewhat comparable): [https://thefipharmacist.com/msci-world-index-vs-sp-500/](https://thefipharmacist.com/msci-world-index-vs-sp-500/) +* For long term buy and hold, use accumulating ETF instead of dividend paying ones (US domiciled ETF's are mandated by law to pay dividends, so it makes sense to invest in EU based ETF's, esp ones which are domiciled in Ireland) +* Minimum investment amount: 10L ( i would still recommend 20L+ and it reduces the the fees impact). If the ticket size is large for you then go only for Indian equities and use Indian domiciled MF like MO S&P500 as stop gap instead. +* Minimum duration: 10 Yrs or above to get benefits from indexation (benefit increases based on no of year invested) + +**Risks** + +* Currency depreciation/appreciation (INR VS USD). Although i am optimistic that that INR would weaken at least in near future as India is poised to grow and want to attract lots of FDI's so that's a implicit benefit) +* Government changing taxation. Currently it is favorable, not sure what our hon' gov will do 10 or 20 years down the lane. + +PS: if you want to add more risk, allocate some % to different index like Nasdaq 100 etc based on your risk appetite. +As per the Parag Parikh Flexi Cap Fund's [Portfolio disclosure July,21](https://amc.ppfas.com/downloads/portfolio-disclosure/), they lost Rs. 1,37,26,912 in July for all futures contracts. + +I don't have enough experience to evaluate it. I am worried if there is a shift in fundamental values of this great fund. +I find using physical cash helps me spend less over all but I do want to keep money in my checking account for online purchases/Uber’s/etc. + + +I’m wonder what % of my money would you guys recommend I keep in cash. + + +Im also interested in how much cash you all personally carry on you on an average day. + + +Thanks! +I'm so lost in this game. + +I simply can't find my edge. There's a million indicators and none of them are aligning and if a few are, there's a few others that don't. + +I'm just getting more and more confused the more I learn. Every time I look at the chart I'm just more and more unsure if the damn thing is going up or down. + +What was your process through finding your edge?? +**Foreword** + +Before I begin this post, (this was initially designed for reddit but will be posted on HC too). For those unaware of IHL, I made a public summary in November 2020 on both reddit and HC back when the SP was 11.5c. You can find this writeup here. + +[https://www.reddit.com/r/ASX\_Bets/comments/jz5jm8/asxihl\_incannex\_healthcare\_biotechmedicinal/](https://www.reddit.com/r/ASX_Bets/comments/jz5jm8/asxihl_incannex_healthcare_biotechmedicinal/) + +A more updated and comprehensive writeup was written by a friend of mine, who is a professional trader and in the stockbroking industry who posted this massive writeup January 2021. If you are new to the stock and haven't read up yet, **I strongly recommend you to sign up and read the article to catch up on everything before jumping into this post.** You can find it here. + +[https://tradingformillions.com/were-back-folks-why-incannex-healthcare-is-growing-into-the-next-billion-dollar-behemoth/](https://tradingformillions.com/were-back-folks-why-incannex-healthcare-is-growing-into-the-next-billion-dollar-behemoth/) + +As per the title of the post, there is a lot that has happened with IHL over the past few months. In particular, the BOD made an **absolute master-stroke** recently, and it is my opinion that IHL shall soon enough be dual listed on the NYSE/NASDAQ and shall be valued as a US company on US markets, which boast far higher valuations than ours on the little old ASX. Let's begin. + +**EAS Advisors LLC** + +IHL appointed EAS Advisors LLC to facilitate a US listing on a MAIN MARKET. Not the shitty OTC markets that barely have any impact on their ASX counterparts, but a main market like the NYSE or the NASDAQ. It is my opinion that it will likely be the NYSE for a number of reasons. + +You can read the full announcement here. + +[https://stocknessmonster.com/announcements/ihl.asx-3A561000/](https://stocknessmonster.com/announcements/ihl.asx-3A561000/) + +The Principal of EAS Advisors is none other than Eddie Sugar. Eddie is a prominent Jewish Banker based in New York City, who has an incredibly extensive network and is tasked by IHL with facilitating introductions to US banks and institutions, with the aim of dual listing IHL on a US Main Market (NYSE/NASDAQ) + +Prior to the founding of EAS, Eddie was the Managing Director of Jefferies & Co. in New York from 1999 until 2008, responsible for international equity sales and trading. + +Prior to Jefferies, Eddie worked as Managing Director for Marc Rich & Co. in Sydney, Australia and as a personal and private advisor to Solomon Lew and his associated companies out of Melbourne, Australia. + +Eddie and EAS are incentivized by IHL with **10M 20c options and 10M 25c options.** As of time of drafting, the SP of IHL is 22c, but I will be posting this on 17/02/2021. + +**Twiggy Forrest?** + +Eddie is notably famous for being the man to promote Fortescue Metals (ASX:FMG) over to the US in 2003. Eddie knew Twiggy Forrest from their time together at Anaconda, and when Twiggy and FMG seemed to be in a dire situation and required capital and interest from overseas when none locally would back a seemingly failed entrepreneur like himself, Eddie stepped up to deliver. He helped promote the story of FMG to US institutions and investors, and raised capital to clear the debt of FMG. We all know what has become of FMG and Twiggy Forrest today. But not many know about the critical role of Eddie Sugar in ensuring that became a reality. + +Eddie can boast the likes of Twiggy and other billionaires in his network, and it is completely warranted to say that for a small cap stock on the ASX, this is almost unheard of. There is no doubt that Eddie Sugar and his team at EAS Advisors wouldn't stake their stellar reputation on a company that didn't have the ability to go the distance. + +**US v. Australia** + +There is a stark difference in the way equities are valued on the ASX versus our American counterparts in the NYSE and NASDAQ. Valuations are immensely higher there, partially due to the market size being the largest in the world and partially due to the willingness to partake in risk compared to Australian investors. As explained earlier, Twiggy Forrest needed Eddie Sugar to provide capital from US investors when no one else in Australia would believe in him and FMG. Eddie and the US Investors in his network were more than happy to support Twiggy, taking on more risk than most would be willing to chew investing in what was at the time a speculative mining company in Western Australia on the brink of being crippled by debt and unable to raise capital to continue further. + +If IHL is successful at dual-listing on the NYSE or NASDAQ, I would consider them a US stock and they should be valued as such. IHL mainly engages in cannabinoid drug development, and also in psychedelics endeavours. Thus they should be considered to be both types of companies. IHL's peers in US markets are currently valued much higher than itself, and demonstrates the difference between US investor appetite and risk tolerance compared to Australians. + +Keep in mind that IHL is also the FIRST MOVER for psychedelics in Australia, EMD has now since made aspirations to engage in psychedelics clinical trials but IHL was the first and more advanced and has Dr Paul Liknaitzky on our medical team to advance the trials, a world class researcher and the current leading authority on psychedelics in Australia. + +The NYSE has four standards which only one has to be met. The standard IHL could meet is a 200M USD global market capitalization. In AUD, this would mean 257M. The share price would be there at 25c. Not very far away at all. It is also possible IHL can list on the NASDAQ, like its biotech peers IMM, GTG. + +**North American Peers** + +**I: Compass Pathways (NASDAQ:CMPS)** + +Compass Pathways is currently valued at $1.8B USD, and had highs of over $2B USD. Which would be $2.3B AUD. They are currently conducting a Phase 2B Clinical Trial using psilocybin therapy for depression across 21 sites in 10 different countries. + +**Compass has over 10 bagged since IPOing in September 2020.** + +[https://ir.compasspathways.com/static-files/542bb3a1-c0e6-4f1b-87fa-5fd4f2fb7a6d](https://ir.compasspathways.com/static-files/542bb3a1-c0e6-4f1b-87fa-5fd4f2fb7a6d) + +In relation, IHL has planned Australia's largest ever clinical trial of psilocybin therapy for anxiety in collaboration with Monash University. This would be a Phase 2 trial and whilst a ways off from recruiting and commencing, the similarities to Compass are obvious. + +**II: MindMed (MMEDF:OTCQB)** + +MindMed boasts a valuation of $900M USD, and had highs of $1.27B USD. This would be $1.16B AUD. The company is engaging in LSD assisted therapy for anxiety, and is currently in Phase 2A of clinical development. Furthermore, they have successfully completed a Pre-IND meeting with the FDA for this project. + +[https://mindmed.co/news/press-release/mindmed-announces-successful-completion-of-pre-ind-meeting-with-the-fda-for-project-lucy/](https://mindmed.co/news/press-release/mindmed-announces-successful-completion-of-pre-ind-meeting-with-the-fda-for-project-lucy/) + +IHL is engaging in a similar task with its psilocybin assisted therapy for anxiety, and will certainly seek out the FDA for a Pre-IND meeting just like MindMed when the time is right. IHL is actually about to meet with the FDA along with their consultants Camargo for a Pre-IND meeting regarding their drug IHL-675A for ARDS. A successful meeting with the FDA here would be immensely valuable to the future. + +**III: Cara Therapeutics (NASDAQ:CARA)** + +CARA is a clinical stage cannabinoid biotech company, which boasts a valuation of $1B USD. This would be $1.28B AUD. They have multiple clinical assets being developed, some in phase 2 and others in phase 3 human trials including post-surgery pain, itchiness and chronic kidney disease. + +IHL is similar in that they are targeting markets such as ARDS, Obstructive Sleep Apnea, Traumatic Brain Injury and Asthma with TAM over $1B each. The former three have no existing pharmacotherapy and therefore no drug related competition. This cannot be said for CARA. However, CARA is significantly more advanced being in Phase 2 and 3 human trials whilst IHL has completed the preclinical stages for ARDS and TBI, and is looking to progress to human trials. For OSA, IHL is currently recruiting for a Phase 2B human trial and looks to commence that imminently. + +**IV: GW Pharma (NASDAQ:GWPH)** + +GW Pharma was the leading company in the world for cannabinoid biotechs, creating the world's first legally approved cannabinoid medicine Epidiolex. **It was bought up by Jazz Pharmaceuticals for a total of $7.2B USD. This buyout had two huge ramifications for the industry.** + +Firstly, it created a valuation for a single cannabinoid based drug who had only engaged in a few years worth of sales. + +Secondly, it validated the idea that Big Pharma was interested in Cannabinoid based drugs, and that it was no longer just a pipe dream and **novel** CBD based drugs could indeed be considered worthy by Big Pharma. + +IHL is heading down this route with 4 different target markets and drugs unlike GW Pharma's one, with the addition of its psychedelics endeavours that add enormous amounts of value to the company. Whilst a very long ways off from GW Pharma and their achievements, it is obvious what IHL is attempting to do. US Investors understand this, and in my view far more than the ASX which loves the big banks and digging metal out of the ground. + +**Final Thoughts** + +IHL is developing a portfolio of clinical assets that appear appealing to Big Pharma. This thought is backed by the decision of IHL to create novel cannabinoid drugs in areas where there is no existing pharmacotherapy. However, with new advancements into the psychedelics sphere and the decision to engage further in markets such as Asthma IHL is expanding its horizons significantly. + +If IHL is successful at even one of their pursuits, it is obvious that there is another potential GW Pharma in the making here. + +**Even before commercialization possibilities, IHL is arguably an amalgamation of Cara Therapeutics, Compass Pathways and MindMed. All three boast roughly $1B USD market capitalizations. What does that make IHL theoretically worth? Currently sitting at a measly $230M AUD MC.** + +**Connect the Dots. IHL has assembled a world class team, with top tiers across all roles. Eddie Sugar was a master-stroke, and if dual-listing is successful there is no doubt that this stock is heading to $1 aka $1B+ AUD market capitalization and further beyond.** 🚀🚀🚀 +&#x200B; + +https://preview.redd.it/zr583721wqb71.jpg?width=700&format=pjpg&auto=webp&s=05d6c1c9eda0e33e970a938865e65ccf68c1c8c3 + +*This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out* [How Do I Buy A Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/) + +# The Business + +&#x200B; + +https://preview.redd.it/v872p06gsqb71.png?width=1200&format=png&auto=webp&s=073e46acae7b387fdaacbfd86dc563a8b432c262 + +Myer was founded over 120 years ago by an enterprising Russian immigrant, Sidney Myer, who had come to Australia during the gold rush. He started up the first Myer store in Bendigo, Victoria in 1900. For many years the chain of stores grew under the ownership of the Myer family. + +&#x200B; + +[The Original Myer’s](https://preview.redd.it/2qp96tsgsqb71.png?width=1000&format=png&auto=webp&s=f636458124c0381eefec8fa013e6f8eebc5ec7d7) + +By the second half of the century, Myer had a national footprint, having acquired another major upscale department store chain (Grace Brothers) as well as a discount store chain (Target). When it merged with Coles in 1985, it was, at that time, the largest deal in Australian corporate history. + +Ultimately, Myer was spun off again when it was split and floated on the ASX in 2009. Today, with 60 stores around the country and over 2 billion in annual revenue, it’s one of the best-known retail store brands in Australia, having long been the country’s largest upscale department store by revenue and store numbers. + +# The Checklist + +* Net Profit: positive last 9 of 10 years (loss in FY20). Neutral ⚪ +* Outstanding Shares: 1 cap raise in 2015, otherwise stable L5Y. Good ✅ +* Revenue, Profit, & Equity: trending down L10Y. Bad ❌ +* Insider Ownership: 20.6% w/ on market buying @ \~30-35c in last 6m. Good ✅ +* Debt / Equity: 861% (?!) w/ Current Ratio of 0.8x. Bad ❌ +* ROE: 9.1% Avg L10Y w/ -4.7% FY20. Bad ❌ +* Dividend: 17.3% 10Y Avg Yield w/ 0% FY20. Bad ❌ +* BPS 26cents (1.9x P/B) w/ NTA -25cents (#N/A P/NTA). Bad ❌ +* 10Y Avg: SPS $3.21 (0.2x P/S), EPS 10cents (5x P/E). Good ✅ +* Growth: -2.7% Avg Revenue Growth L10Y w/ -13.5% FY20. Bad ❌ + +**Fair Value: $2.79\^** + +**Target Buy: $1.39\^** + +^(\^Obviously well above actual fair and target values. The major difficulty of trying to evaluate a falling knife is that historical figures can be misleading. For a business that has been in decline, the historical figures would tend to indicate that the current price is highly undervalued--a value trap.) + +^(The true value of the stock is in the future earning potential. In the case of a stable or growing business in a bull market, one cannot go wrong if buying at a discount to historical earnings, so it is an easy mistake to make.) + +^(However, there is serious potential in turnarounds, where a company is heavily undervalued to future earnings due to having had a prolonged decline--a deep value play. But the risk is high, and therefore the diligence required must be thorough.) + +# The Knife + +[marketindex.com.au](https://preview.redd.it/k1lnmzvssqb71.png?width=1836&format=png&auto=webp&s=742101e570b91ff7d4cbb4db524fff7c826ca44c) + +When Myer listed on the ASX, their share price floated at $4.10. A harbinger of things to come, on it’s very first day of trading, Myer lost 8% and closed at $3.88. For a fleeting year, Myer was worth over $2billion in market cap, and up until 2018, it was part of the ASX 200. + +However, Myer never recovered to its float price, reaching only $4.02 in Sept of 2010. It has been on the decline for nearly all of its years on the exchange. During the March 2020 crash Myer reached an intraday low of 8.3cents. At that point in time, any bagholder from the original listing would have been down **\*\*\*98%\*\*\*** on their investment! And though it has improved almost 600% from that all time low, at the close of Friday (16th July 2021) @ 49.5cents, Myer is still 88% down from its all-time high. + +# The Diagnosis + +The short answer: Department stores are antiquated and are dying a slow death. + +&#x200B; + +[Bloody customers never learn.](https://preview.redd.it/1x0t9y0vsqb71.png?width=1400&format=png&auto=webp&s=405d6bb0e13e48ef1ea030dd3d2480b1fbac66d8) + +The long answer: Myer has certainly been in decline, and the idea that brick and mortar is dead has some merit, but is over stated. The success of JB HiFi and Harvey Norman, as well as discount department stores like Kmart, have shown that there will always be a market for in-person shopping if done well. In fact, Myer’s struggles would seem to be more heavily linked to their business being badly run for many years. Increasing costs, falling margins, and overly top-heavy management have contributed far more to their decline than actual decreases in revenue. + +&#x200B; + +https://preview.redd.it/l50o4jzwsqb71.png?width=1050&format=png&auto=webp&s=a3666e87ebc1637d056675990b96f89d8cde7dc8 + +For example, from FY11-FY16 Myer consistently posted over $2.7b annual revenue. While not growing, it was surprisingly stable. What was not stable was their net profit after tax, which was falling dramatically in that same time frame. So badly, that even though Myer had a slightly better top line result in FY16 than 6 years previous, their net profit had fallen almost 60%. + +At that point, Myer hired a new CEO, Richard Umbers, who almost immediately went to market with a $220m capital raise for a “turnaround plan.” In hindsight, the plan appears to have been primarily aimed at clearing out some of the increasingly onerous half a billion in debt (which Myer had made no progress on paying down in the 6 years previous), and not much was effectively done to actually fix the underlying issues. + +Indeed, under Umber's leadership their profitability didn’t improve and, even worse, their revenue began to slide too. Umbers was sacked in 2018 after steering the company headlong into a 486m loss, which at that point was larger than Myer’s entire market cap. To be fair, the loss was attributable mainly to write-downs in its intangible assets, but it was clear to many that Myer was quickly headed towards insolvency if it could not arrest the decline. + +# The Outlook + +Enter John King. + +Having revived the House of Fraser, a 172-year-old department store chani in the UK, King may have been the best man for the job. Since taking on the job, his strategy has been threefold: + +1. *Launch Myer Online* – this was part of how King helped bring House of Fraser back, by getting them online in a serious way. Now, Myer’s website is the largest single contributor to revenue. +2. *Reform Customer Service* – King travelled around the country to each store, and spent one day a week serving customers on the retail floor as part of his effort to shift the business culture. Customer satisfaction metrics have significantly improved. +3. *Cut Overheads Heavily* – a huge percentage of the bloated top heavy management positions were cut, and he put into place plans to move the head-office to a building ½ the size in 2021, which is coming to fruition now. + +In FY19, one might have seen the glimmer of King's plan starting to take shape. Myer improved its underlying net profit, despite still having a slide in revenue, and the website was in full swing contributing a bit under 10% of the total revenue for the company. + +**Cost Reductions & Balance Sheet** + +When evaluating Myer’s overheads and balance sheet, perhaps the first thing that is noticeable in the last couple of financial years is the seemed explosion in its debt, from 86m to 1.6billion from FY19 to FY20. This leads to some really absurd metrics like over 1000% debt/equity and a negative net tangible asset value. + +Digging one step deeper, one realises that the explosion in debt was a product of the changes in reporting surrounding lease liabilities. Myer only has about $75m in actual borrowings. Most of the “debt” on its books is its store leases. Furthermore, a large number of those leases are on a very long-term basis (8+ years), which really blows out the numbers. More than half do not expire until after 2030. + +&#x200B; + +[Composite from the 1H21 presentation](https://preview.redd.it/k9vcfhx0tqb71.png?width=1974&format=png&auto=webp&s=b4b9ea4bca6561115721726afda00996a0153295) + +While many companies didn't see a dramatic change in their book value as a result of the new reporting, Myer's heavy lease exposure saw its book drop 60%. No doubt, the leases are not inconsequential, they are not quite the same as the crushing debt that it once held prior to FY16. These lease liabilities are very spread out over, literally, more than a decade. Servicing these liabilities doesn't necessarily require big profit levels, but rather consistent cashflow. + +Furthermore, the lease liabilities are perhaps not as rigid in their nature as much as a hard debt would be. In a counterintuitive way, though 2020 was a difficult year for Myer with many of its stores closed for much of the year, these circumstances have become a catalyst for change in its leases. Myer has been able to renegotiate many of those liabilities by reducing unneeded floor space and exiting unprofitable stores. In 2018, Myer’s leases represented a total liability of $2.8b. Having brought that number down to $1.6 by FY20 is actually an impressive feat on its own, if not necessarily well recognised. + +In addition to cutting back on their head-office costs, the changes have contributed to a significant reduction in the overall cost structure for the group, even before the Government’s Jobkeeper support is factored in. There are plans underway to further and substantially improve these cost reductions in the pipeline. Such a reduction would see the company generate profit levels it hasn't seen in years, even without a tangible change in its revenue. + +This has led Myer to be left at the end of the 2020 calendar year in a substantially better position with their balance sheet. At the time that the 1H21 report was released, Myer had more cash in the bank (\~$200m) than what their total market cap was at that point. + +**Online Growth & Turnaround Indications** + +Another interesting aspect of the 1H21 report was the dramatic increase in their online sales. + +&#x200B; + +[Composite from the 1H21 presentation.](https://preview.redd.it/r00sb8xqyrb71.png?width=1872&format=png&auto=webp&s=f4a354135c9fa4daa2d3c7b3560e8c74d41a82fc) + +In FY20, Myer’s online sales had improved 73.6%, and pulled in revenue of $423million to the group. To put this in some perspective, Kogan (KGN) during the same period had revenues of $492m and was trading at $20 per share @ 80x P/E on an EPS of 26cents. Myer's online store is nearly as big, and only represents a fraction of their overall business, with historical EPS levels that could rival that. + +It’s also worth noting that despite lockdowns forcing some of its stores to shut for weeks (primarily CBD stores), Myer showed continuing strength in the regionals stores on a compariable sales basis. If anything, the lockdowns demonstrated that Myer’s brand had legs outside of the store front with the dramatic growth of its online offering. Furthermore, that the company’s turnaround plan under King seemed to be gaining momentum when looking at the sales at the less effected stores. + +&#x200B; + +[Myer One App](https://preview.redd.it/ufgoslt6tqb71.png?width=1000&format=png&auto=webp&s=8ddd921f0bc9c13ce9a5c677916d202fee8593f3) + +It's worth mentioning that Myer’s strength as a brand has some implications behind the true value of its Myer One program. With 5million+ Members around the country, Myer has about 20% of Australia signed up. Those participating in the loyalty program accounted for about 70% of Myer’s revenue in 1H21. + +In 2021, Myer is certainly not out of the woods with regards to lockdowns. However, with the renegotiation of leases, and the online store firing on all cylinders, and what would appear to be a fairly loyal customer base, I think that the market's concern of an imminent insolvency has been alleviated. + +# The Verdict + +More recently the hot talk on the street hasn’t been about whether Myer will survive, but about who will be leading it. + +**Premier Investments** + +Years prior, in 2017, Solomon Lew through his Premier Investments had acquired an 11% stake in Myer. At the time he launched an unsuccessful bit to take control of the then faltering department store. Part of the issue was other large institutional holders like WAM voted against him. + +&#x200B; + +[Not a bad stonk.](https://preview.redd.it/0kmcl72juqb71.png?width=1600&format=png&auto=webp&s=711d6c9b2cb4830c808190c8afad1a210b909dd0) + +Lew had previously been the Chairman of Coles Myer in the 2000s, prior to the split. He has some substantial history with the Myer brand. Lew cut his teeth in the retail industry and has become a billionaire in the process. His Premier Investments houses brands like Just Jeans, Peter Alexander, and Smiggle. Premier over the years has done pretty well with Lew and his team at the helm. The stock listed in 1999 at around $2.50, and has in that time grown tenfold, currently trading around $27 on a 20x P/E ratio. + +Since acquiring his 11% stake and his unsuccessfull attempt to spill the board, Lew's been on the sidelines as perhaps one of the biggest bagholders in Australia. Every year arking up as Myer board posted worse and worse results. Last year after the FY20 result showed an underlying loss, Lew managed to force the previous chairman to resign when WAM finally sided with him. However, there has been very little word out since then about what has been happening behind closed doors. + +Earlier this month an enormous block trade occured after hours for 41million shares @ 40cents. What was odd about this trade at the time was that the closing price earlier that day was only 37cents. Something was afoot! + +&#x200B; + +[Crafty Old Man](https://preview.redd.it/fx8dxbkfuqb71.png?width=1200&format=png&auto=webp&s=9eeed7006efedc4edd17bbed274140d0f63c509f) + +Perhaps not much of a surprise that the culprit behind the trade was Lew himself. He had managed to acquire another 5% take, pushing Premier Investment's interest to 16%. The next day, an announcement was released by Myer’s board stating that they were “willing to negotiate.” Premier fired back by demanding that the rest of the board resign! + +&#x200B; + +[I think the one in the red shirt might be Solly Lew. 😺](https://preview.redd.it/lyn6efdkuqb71.png?width=800&format=png&auto=webp&s=c083415e62e248bf5fda62e9b74384a068841501) + +Myer could well benefit from having someone of Lew’s calibre at the helm. He showed some of that business acumen in his high stakes negotiations with Scentre Group (Westfields) last year over rent and lease obligations, forcing the multibillion dollar landlord to compromise with Premier. In addition, the talent that Lew can bring to bear could help to further steer Myer back to profitability. There's rumors that the previous CEO of JB HiFi, Richard Murray, might be the pick to chair the board, should Lew get his way. At the very least, investors seem to think Lew would be an asset. In the span of 2 weeks since the block trade, Myer has gone up over 30%. Probably the biggest “risk” at this point is that Lew gets too good of a deal. + +# The Target + +Perhaps that’s ultimately the real question here. With Myer trading at just under 50cents now, are they still a good deal? To find out, one needs to have a good idea on where they will finish for FY21. Though, this is actually a bit more difficult than it might seem. The main problems are: + +* Retail is seasonal (1st half has Christmas holidays). +* New reporting requirements obscure historical patterns. +* Lockdowns depressed CBD store revenue significantly in 1st half. +* Online may have offset closures, but we do not know by how much. +* 2nd half has been more open, but gov restrictions presumably are still an issue. +* Jobkeeper also bolstered the numbers, but hard to determine how relevant. + +&#x200B; + +https://preview.redd.it/iz2nwwnauqb71.png?width=1032&format=png&auto=webp&s=9c7635b064d68f9793ee131b2a0b3c19637161be + +Reverse engineering the 2H results from the last few years, and using consistent reporting numbers and underlying profit levels one can start to see a pattern between the first and second halves. It seems like at least during those two years, revenue and EBITDA had relatively consistent relative results. + +NPAT was a bit less reliable, but given that EBITA and NPAT in the first half was very similar to where it has been in the last 3 years, it seems reasonable to take the difference between the "normal" years of FY18 and FY19 as a bearing to estimate what it could be for FY21. + +There is still the question of lockdowns, which make it impossible to truely factor out its potential ongoing effects on 2H21. However, the first half was experiencing similar struggles, and given our ratios are based on those potentially already depressed figures, it seems reasonable to consider that the downsides from lockdowns are already baked into the cake, so to speak. + +Jobkeeper is the last point of contention in a similar manner, but I think it is also reasonable to consider that is offset with the expectations that further cost reductions were achieved this year. King himself indicated that if jobkeeper had not existed, Myer would have just been more aggressive in their own cost cutting. + +Thusly I come to the following FY21 estimated fundamentals: + +* SPS - $2.47 +* EPS - 3.7cents +* BPS - 26cents +* BPS (hist.)\* - 60.7cents + +^(\*I’ve included a historical, pre-AASB16 book value as a means to hedge the leases, which otherwise have dropped Myer’s on paper book from 73cents down to 21cents just through accounting method, though in reality their position is actually better than it was years before.) + +To hedge even more conservatively, given the years of decline, I’ve opted to calculate the fair value at reduced multiples to provide a margin of safety (1x P/S, 10x EPS, 1.8x P/B), which gives the following: + +**Fair Value (FY21) - $1.10** + +Regarding the target price, I think as a result of the two very different approaches to book value over the last couple of years, its relevant to use both to calculate different targets (depending on how one might view the significance of the lease liabilities): + +**Target Price (FY21 hist.) – 58cents** + +**Target Price (FY21 current) – 38cents** + +I would observe that the last few years history of Myer’s share price, it seems to have floated roughly around its book value. This makes sense, given that there have been fears that it would go insolvent. + +Thus, the lower book value under the revised reporting might be a drag to getting to the same sort of levels that it previously held in 2018 and 2019, despite likely having similar results. At that point in time it hovered around 50-70cents. As such, I think that the share price has caught up to most of its current potential. + +However, compared to even a very conservative estimate of fair value, in my opinion Myer is still trading at a significant discount. If Myer can start to demonstrate that the company has turned the corner and start to produce the kind of profit margins that they enjoyed previously, perhaps even start paying dividends again, then I think it could easly close the distance to a "fair value" level of around $1.00 in the near term. + +The upper limit in the medium term is probably closer to the $2 mark, when looking at historical levels. And long term? With consistent and improving trends, it’s not hard to see Myer finally claw itself back to its original highs. Though, there is a lot of ifs and buts in those projections, and the assumption here is the belief that Myer could regain the sort of revenue levels it had 5+ years ago. That is far from certain, even if they do survive. + +# The TL;DR + +At over 120 years old, Myer has long been one of the most recognized names in Australian retail. With 60 stores nationwide, and over 2 billion in annual sales, it has been the largest upscale department store chains in the country both in terms of revenue and in terms of number of stores for decades. + +[Myer's 2015 Christmas window displays w\/ Jennifer Hawkins](https://preview.redd.it/2a0n5tfftqb71.jpg?width=650&format=pjpg&auto=webp&s=0f147b1ab24bb7e119fbe806e526307b988b6db4) + +In recent years, Myer has fallen on hard times, with many saying that the days of brick-and-mortar stores are over. Online and speciality retailers threaten to cannibalise the old behemoths. And for several years, there has been serious concerns that Myer would become insolvent. + +However, under fresh leadership of John King, Myer has done a lot to shore up its position, cutting costs and launching its online store. This was no small part of why Myer was able to weather the lockdowns of 2020 and finished up the year in a stronger position that it has been in for years. It's online store alone racking up revenue figures fast closing in on half a billion a year. + +Even with the recent boost in Myer's share price, it seems to me that they are still well under their fair value, should the company continue to show signs of strength. This annual report could perhaps be their most crucial since listing on the ASX. With a positive result pointing to further progress in the turnaround, I think Myer could regain a lot of the value that is otherwise heavily discounted in its current share price due to uncertainty in the store’s future. + +Not to mention the recent developments with retail billionaire and Myer bagholder, Solomon Lew, point to a further shake up in the Myer board. There is speculation to all manner of possibilities being on the table. The market seems to think Lew’s larger involvement with the business as a positive for their future, with a big bounce in the share price after the news. Lew's plans could easily play as a wild-card in Myer's future. + +*As always, thanks for attending my ted talk and fuck off if you think this is advice* 🚀🚀🚀 + +*P.S If you can't get enough of Myer and you want to read a novel, this installment of Catching the Knife is actually somewhat of follow-up of a* [*DD I did on Myer earlier in the year.*](https://www.reddit.com/r/ASX_Bets/comments/lnhdiw/myr_your_mothers_favourite_stonk/) *Major flaw in that analysis was that I had completely missed the mark on the nature of the debt. Though there is some in depth commentary on retail and Myer's position in the marketplace that may be of interest.* + +*I'd love to hear other's opinion on MYR* *and whether there is potential here that I am not seeing. Also, suggest other dogshit stocks that are/were on the ASX 200 index, and I might put them on the watchlist for a DD in future editions of this series.* + +*Currently on the Watchlist (rough order): SSM, CGF, URW, IPL, COE, SGH, FLT, Z1P/APT, SXL, RFG, AZJ.* + +[Previous Editions of Catching the Knife](https://www.reddit.com/user/Nevelo/comments/sfc7gi/catching_the_knife_series/) +Hey guys. + +Long story short: I am $240000 in debt for my undergrad. I made some horrible decisions and choices, and am through trying to justify them and convincing myself that its not my fault. + +I completed a 5-Year Business degree at a university that is known only for their Engineering program. It is, more or less, renowned for being one of the most expensive schools at the worst value. I paid book price for it. + +I graduated 2 years ago and bounced around jobs ever since. I landed in a government agency with little-to-no upward mobility. I am still seeking a higher paying job with the fleeting hope that some day I may be able to pay this thing off. + +90%+ of this debt is privately held, and co-signed by my parents. All of my deferment has expired, and none are eligible for income based repayment. I have made only a couple "good faith payments" at the request of my mother. It is all in default, and I ignore 15+ collection calls per day. I + +I'd rather this not become a conversation about my horrible choices to accrue this debt, but a discussion to perhaps resolve the situation. I have posted this several times in other subreddits seeking the latter, but only got the former. + + +I see so many people talk trash about California and how there is this mass exodus happening but is it really? + +Are people really moving out of the state in droves or it’s most a few here and there. + +We live on the east coast and have family in Southern California and romanticize the idea of moving there all the time. + +Now with WFH flex we can’t decide if we should move to a HCOL city or stay out in our MCOl but boring town. + +Thoughts? +TL;DR: I believe there's a trove of information buried in Overstock that will tell us exactly what Shitadel and friends are doing. In fact, I think they are working to an identical playbook using modern versions of the same techniques to manipulate the market. + +Sun Tzu is the good shit: +#### Apes in January: +If you know neither the enemy nor yourself, you will succumb in every battle. + +#### Apes in March: +If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. + +#### Apes in May: +If you know the enemy and know yourself, you need not fear the result of a hundred battles. + +--- + +Edit: Pulled on who some of the people named are. One of them, **Thomas Tranfaglia** was one of the executive implementors of Merrill's do-not-flip system and now works for **Jane Street**. + +Edit 2: I received a messaged from a fellow redditor who wishes to remain private. They had a theory that may explain where the magical morning shares on IBKR and others appear from, which relates to a quote regarding share generation through reverse conversions. I am reproducing their comment here unedited: + +> I'm a total ape and just know how to google what a Reverse Conversion is so here's my interpretation. Please let me know if this is logical + +> a reverse conversion is a way of creating synthetic longs or shares by buying a put and call at the same strike price and I dont konw why but that will appear as a long position on whoever owns those option's books, and short the stock at the same time driving down the price. Then they sell those same stocks to prime brokers (IBKR, Fidelity, TDA), who then lend out the shares again to the naked shorting hedge funds. + +> That then get converted by a market maker into a reverse conversion, creating a long position and shorting the underlying stock. Then those shares created by the conversion get sold back to the prime brokers... holy shit + +> thats why the borrowing rate is so low, thats why theres 400k shares always available to borrow every morning, that drop to low thousand or hundreds then go back up every morning the stock is hard to borrow and easy to borrow at the same time. its the same people borrowing the stock who have certain market making privileges to always return/sell shares to the lender who are making a killing off borrowing fees and dont question where theyre getting the stock from but if anyone else trys to borrow, well theyre shit out of luck theres no shares for those guys + +--- + +Tagged as possible DD because my wrinkles are pretty smooth. + +After listening to Lucy's AMA, several things she raised in her storytelling sent chills down my spine. It all coalesced with what DrT and Carl have been saying, which has been "dig into overstock" + +One such thing mentioned was Wolverine Trading, and how Goldman told them "we will let you fail". + +So I dug a bit, and I found this old article from Rolling Stone: https://www.rollingstone.com/politics/politics-news/accidentally-released-and-incredibly-embarrassing-documents-show-how-goldman-et-al-engaged-in-naked-short-selling-244035/ + +Which then led me to this frankly hilarious accidental release of things they were attempting to forever seal. Essentially, they accidentally showed their playbook. [The entire document is fucking _insane_ and deserves to be read in its entirety.](https://media.economist.com/sites/default/files/pdfs/Plaintiffs%20Opp%20to%20MSJ.pdf) + +Laboriously hand-transcribed snippets follow. Yay for ancient PDFs with no OCR. + +This first segment is, I believe, from things entered into the public record and available prior to this motion + +> Overstock was so hard to borrow that clearing brokers in 2006 charged borrow fees as high as 35% annualized. + +&#x200B; +> Everyone "on the street" constantly talked to other brokers looking for stock and therefore had a realistic, shared sense of how hard it was to locate stock and how expesnive it was to borrow + +&#x200B; + +> Facing the same supply constraints as all of the other brokers, Defendants decided to manipulate supply and demand for short sales by consciously opting not to settle certain short sales in hard to borrow stocks + +&#x200B; + +> Goldman and Merril decided to create FTDs in their affiliates GSEC and Merrill Pro so they could correspondingly create "supply" in Goldman Sachs and Merrill Lynch. Millions of shares of FTD were concentrated in GSEC/Merrill Pro so that millions of shares of corresponding "supply" could be artifically created in Goldman Sachs/Merrill Lynch + +&#x200B; + +> Goldman's own hedge fund clients remarked on how they would ask "to short an impossible name and be shocked to learn that Goldman's rep can get it for us" + +&#x200B; + + +> Short sellers typically pile in to the same securities, which increases short interest in a small number of stocks. Client shorts were typically concentrated in the red hot stocks + +&#x200B; + +> Goldman Sachs circulated lists of the top shorted stocks to clients [..]; the data Goldman Sachs circulated **included the false, inflated short interest data** (emph mine) + +&#x200B; + +> The fails created supply in excess of six times the average daily trading volume of Overstock + +&#x200B; + +> Merrill's decision to intentionally fail these trades was accomplished through what Merrill called the "do-not-flip" process. [..] That process is a process by which Merrill Pro does not borrow stocks to settle those trades, but rather fails them. After Reg SHO, Merrill Pro put the do-not-flip system into place in Aug 2005. Thomas Tranfaglia, Linda Messinger and Peter Melz were the Merrill execs who decided to do this + +## Who the fuck are these people I hear you ask? + +**Thomas Tranfaglia** [now works at Jane Street](https://brokercheck.finra.org/individual/summary/2245224), a company long suspected of being involved in this shit. + +**Linda Messinger** [now works at Cowen and Company](https://brokercheck.finra.org/individual/summary/2561401) + +**Peter Melz** [may or may not still be the CFO of CF Secured, LLC (a subsidiary of Cantor Fitzgerald, LP) +](https://brokercheck.finra.org/individual/summary/3135133). Brokercheck says he's no longer employed. His Linkedin claims otherwise. + +&#x200B; + +> Merrill Pro agreed to fail trades for their market-making customers and stopped borrowing shares for their short sales. + +&#x200B; + +> Millions of shares of reported short interest in Overstock were created by the naked short sales that Defendants decided in advance to fail to deliver, and therefore the short seller *had no negative rebate cost to factor into its short selling decision* + +&#x200B; + +> Merill Pro and GSEC clients were naked short selling Overstock in the form of reverse conversion trades. + +&#x200B; + +> Merrill and Goldman also effected fraudulent trades to extend the duration of FTDs. **These trades allowed Defendants to avoid regulations designed to ensure that fails did not persist past thirteen days after settlement date** + +&#x200B; + +> Merrill **instituted policies** to accommodate manipulative trading styles such as "killing" required buy-ins, and providing clients, including Hazan with information that would enable them to "sell into" buy-ins, resulting in matched trades between Merrill Pro and their clients. + +&#x200B; + +> Hazan, as a result of Merrill working to get Merrill Pro to intentionally FTD his trades and Merrill informing him up front that Merrill would fail all trades, and knowing he could roll the fails longer than 13 days, proceeded to naked short sell millions of shares of overstock for over a year. + +&#x200B; + +> an internal Merrill Pro email notes that **traders "were knowingly putting on shorts and then basically rolling them every 13 days"** + +&#x200B; + +> The naked short selling resulted in short positions on Defendants' books and records, even though Defs had never borrowed stock and made delivery to settle the short position. + +&#x200B; + +> **This artificially high short interest caused by the naked short selling was reported to the marketplace as bona fide short interest. Defs. actions injected false information into the marketplace [..] in the form of artificially high short interest figures [..] so that market participants would be induced to view the stock more negatively, creating downward price pressure** + +&#x200B; + +> A Merrill email referse to "Fuck compliance" in response to Merrill's manually failing the first trade for Hazan + +&#x200B; + +> **Defendants were members of an industry group that expressly referred to Overstock as an "enemy" and discussed "neutralizing" a potential Overstock expert witness in this case** + +FUCKING WAT?! + +> **When overstock obtained passage of a law that would require disclosure of clearing firms' FTDs (which is kept secret from the public), the Goldman Defendants gloated when their lobbying organization got the law overturned, with one person remarking that Goldman was seeing a return on its lobbying investment** + +&#x200B; + +> **[The January 31 2012 Wolfson Order](https://www.sec.gov/litigation/admin/2012/34-66283.pdf) explains how Wolfson [..] proceeded to naked short sell 491 reverse conversions to prime brokers, details the precise trading methodology, gives examples of how the reversals worked, including pricing and the illicit profits made from the scheme, and how it worked on their clearing firm's books and records.** + +I linked the order. Need an ape with wrinkles to dissect it. + +> The order explains that the conversions were purchased by prime brokers, who **purchased the non-existent shares in order to acquire a long stock position that the prime broker could loan out**, and receive significant fees from the borrowers. + +&#x200B; + +> The order also details the *sham flex reset transactions used to extend the failes*, explaining the purpose was to reset the Reg SHO clock at the clearing firm without any stock ever being delivered. + +[FLEX](https://www.nyse.com/products/options/flex-leaps): FLexible EXchange (FLEX) options combine the benefits of customization with the advantages of listing and are available on all option products listed on NYSE American Options. Both Equity FLEX and Index FLEX options allow investors to customize key contract terms, including expiration date, exercise style, and exercise price, and to take advantage of expanded position limits. + +So hiding FTDs via sham options. Yeah, we long suspected that. + +The document also mentions that Hazan and Arenstein orders had similar details: + +https://www.sec.gov/litigation/admin/2009/34-60441.pdf - Hazan + +Arenstein is supposed AMEX 07-71, but I cannot locate that document. I did manage to find these documents without numbers: + +https://www.nyse.com/publicdocs/nyse/markets/nyse-american/disciplinary-actions/2007/SArensteinSBA_Decision_072007.pdf +https://www.nyse.com/publicdocs/nyse/markets/nyse-american/disciplinary-actions/2007/BArensteinALA_Decision_072007.pdf + +I also found this document from an SEC meeting: https://www.sec.gov/comments/s7-19-07/s71907-336.pdf + +> Narrowing the OMM exception is not an option; it must be eliminated entirely. As the AMEX/Arenstein decision makes clear, FLEX options and other equity derivatives can be used to hide and roll failed position. + +Anyway, back to the accidental reveal document: + +> The documents, testimony and pleadings Defendants seek to seal in this call all concern the same scheme described above. + +So shall we begin? Here's some excerpts of the evidence they wanted buried before their smoothbrain lawyer attached them all to the motion and entered it into the public record. Much of this is from discovery. + +> In a half page email, a Merrill executive suggests "we might want to consider allowing Sage customers to fail" + +&#x200B; + +> **In June 2005 Tranfaglia emails "We are NOT borrowing negatives... I have made that clear from the beginning. Why would we have to borrow them? We want to fail on them"** + +&#x200B; + +> An August 2007 email between a Merrill employee and a Goldman employee forwards the Arenstein sanctions order and Merrill employee notes "I am sure you saw this. Our boy", and the Goldman employee responds "nice... You think there will be any fallout on clearing firms?" + +&#x200B; + +> **A January 2006 telephone transcript reflects a discussion between Merrill's compliance officer and another employee regarding the fact Arenstein is not making a market in Overstock, that he keeps "recycling" his short sales in ten to fifteen stocks and this is "not okay"** + +&#x200B; + +> This internal GSEC email refers to Scott Arenstein and his entity SBA Trading "providing very aggressive liquidity to Goldman" in the form of conversion trades with Goldman Sachs' securities lending group. A senior GSEC executive observes that "that doesn't make sense" [because a naked short seller like Arenstein had no actual stock to sell to a securities lending desk] + +&#x200B; + +> Ex 63 is a list of compliance bullet points that refers to using conversions to "Create inventory to allow customers to short." Ex 89 is an email that refers to Goldman Sachs **"intentions to create supply and perpetuate selling in stocks with a large amount of short interest."** + +> **"As far as I'm concerned, this is totally unacceptalbe - we are failing when we have over a million shares of stock available... Is there a blanket agreement that we allow every market maker client to continue failing even if there is enough availability?"** + +&#x200B; + +> September 2006 telephone transcript between Merrill exec Collin Carrico and a client contains a discussion by Carrico about how a trader could do non-market making trades within a market making account, which is illegal, but would never get caught, and discusses strategies to carry out this illegal activity. + +&#x200B; + +> **a presentation Merrill gave to regulators regarding its Reg SHO tracking system. The key point in this document is that Merrill says in multiple places its system requires "delivery" of stock. Messinger testified that this was false - their system did not require delivery.** + +&#x200B; + +> **"We have to be careful not to link locates to fails because we have told the regulators we can't."** + +## [Cohodes transcript](https://archive.nytimes.com/www.nytimes.com/interactive/2012/03/26/business/20120326Goldman-Documents.html) that Lucy referenced: + +> A. I think the securities lending market is just like the mob. I think it's completely rigged. It's a completely manipulated black hole, non-transparent market. + +> Q. Now, when you say you think they're just like the mob, are you referring to Goldman Sachs? + +> A. Yes. I think Goldman Sachs is like the mob. + +> Q. And are you referring to them in particular or them and the rest of the market altogether? + +> A. I think Goldman Sachs is a racketeering entity that does whatever they can to make a dime without conscience, thought, foresight or care about ramifications. I think they are cold-blooded and could care less about the law. That's my opinion. I think I can back it up. + +So... yeah. +So you think that 5% dip counts as a correction? + +Let me give you a helpful hint.. + +We're not in a correction until the sweat falling down your neck meets the sweat of your ass crack in a pool on your desk chair while your sitting up at 3am staring at a stamp chart 3 inches from your face trying to convince yourself thats its going to reverse any second now. Your hand shaking like a Parkinson's patient over an oily mouse when suddenly you feel the dire need to take a shit but you vomit in your mouth a little bit instead and before you have time to question how those two bodily functions could possibly be related we've already dropped another 20%. You've now got a big red dildo candle showing a 60% loss in a matter of minutes staring back at you as price has dipped far below your buy in spot, all the profits you made over the past several weeks, dreams of that new car, that new house disappear in an instant and you cant imagine what possibly could have caused this. + +You default to erroneously blaming the Chinese but that doesn't quite add up so you take to twitter with panicked breath searching for anyone, anything that might have the answer as to what the F is happening. Of course no one has any more of a clue then you do so you immediately start to internalize the struggle. What starts as a whisper of "why didn't I just sell" turns into a rampage scream in the back of your mind, after all its so obvious that this was the top, it's so clear now looking back, of course that was the top how the hell didn't I see that 15 minutes ago? Meanwhile we're down another 5% and you just can't take it anymore. Tears are rushing from your eyes, something that looks like dried blood is all over your arm emanating from the spot you didn't realize you were subconsciously digging your fingernail into. You close your eyes just for a moment but when they reopen you realize you've somehow already logged into your Coinbase account and punched in a sell order. Thats it. You sold. Your devastated, but manage to breathe a small sigh of relief. Well at least i can't lose anymore you say, at least i walked away with something. Your emotionally and physically exhausted now but you manage to drag yourself across the room, you fall flat on your bed with one final thought passing through your mind before you let the darkness overtake you..."why didn't i just sell the top?" + +In the morning you wake to the realization that you slept fully clothed and at an odd enough angle that your neck is surely going to feel exactly as bad if not worse for the rest of the day. The events of the previous night come back to you in a flurry of blurred emotions and while you almost can't bring yourself to check the price you just have to know. How much lower did it go? After all, there is still a glimmer of a hope, you think well, perhaps it isn't all bad, perhaps I can buy back in a bit lower and make the losses back in the long term. You begrudgingly open a chart and whatever small amount of hope that remained escapes your lungs before the sigh hits your lips. Price has fully recovered, it's actually trading up 10% from yesterdays highs... + +Thats a correction. + +Twitter: @dAnconiaMining + +Medium: @PercentEvil + + + + +Edit: For those who didn't get the joke this is just some bitcoin satire not my life story. It's the result of reading too much r/bitcoin and r/nosleep at the same time... + +Everyone should invest based on their own risk tolerances and in accordance with their own investment goals. Hodling is a viable strategy for those who truly believe Bitcoin is the next big thing, but a word of caution to the new comers who are just here for a quick buck. This space can and will be more volatile then anything you've ever seen before. +As I am doing my new graduate applications and writing cover letters for next years new grad programs I think I'm either getting cold feet or regrets about getting into my chosen field (Nursing) and definitely suffering from 'grass is greener syndrome'. Growing up teenage me always thought he would be in a much cooler, highly respected and higher paying job such as a firefighter, fighter pilot or lawyer. Then he grew up and faced reality. + + +However I have a feeling said jobs also have their trade offs or not so glamorous moments like any other job really. So regardless of industry or profession if your job pays well above median/average, is extremely competitive to get into or is highly desired/sought after or respected; What are the less glamorous things about it that one one else knows ? + +Thank you for your time and have a nice day. + +Edit: I know this isn't directly finance related but r/auscareers doesn't exist and given the nature of this sub I have a feeling people on higher incomes are more likely to gravitate here. And not sure if r/aus would be of any help. + +Edit 2: WOW this blew up big time ! Thank you everyone who contributed and for sharing your wisdom ! Also thank you to everyone who gave me their kind words, encouragement and support ! I highly appreciate it ! +Welcome to $AstroPup 🐶 + +The first 3 days of AstroPup have been absolutely bonkers to say the least, we’ve achieved so much! + +We hit an astonishing 6,300 holders and an ATH of $18 Million Market Cap, and we are far from done + +AstroPup is a Auto Yield Deflationary token that rewards the holder. 10% tax on every transaction, 7.5% goes towards the holder and 2.5% goes back into liquidity which is used to help against trade volatility. + +ASTRO burned the 50% of 1 Quadrillion Supply to increase Pumpanomics. Contract has been ownership renounced, LP is also locked, and there are zero dev wallets. + +We have a very solid road map with our initial focus being marketing. This hype has only been from Reddit posting. So imagine when we start to pump promotions on all platforms such as tiktok, YouTube, Twitter to say a few. + +CoinGecko has been applied for and CMC will be applied for soon. We have a trending listing on CoinHunt.cc and were listed on TrustWallet just yesterday. The team has also hinted at massive collaborations coming up, involving big influencers. + +Hope you can join this incredible ride, it's been loads of fun so far and the development team isn't showing any sign of slowing down! + +PS. The dev announced that he will be doxing himself as well! + +How To Buy AstroPuppies? + +Contract Address: 0xaaa304abe41870600274160df1fc9f0c136a13cc + +Buy on PancakeSwap(v2): +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xaaa304abe41870600274160df1fc9f0c136a13cc](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xaaa304abe41870600274160df1fc9f0c136a13cc) + +BcsScan: +[https://bscscan.com/token/0xaaa304abe41870600274160df1fc9f0c136a13cc](https://bscscan.com/token/0xaaa304abe41870600274160df1fc9f0c136a13cc) + +Chart: +[https://charts.bogged.finance/?token=0xAAa304aBe41870600274160df1fC9F0C136a13Cc](https://charts.bogged.finance/?token=0xAAa304aBe41870600274160df1fC9F0C136a13Cc) + +👉 Check out the website - [https://astropup.finance/](https://astropup.finance/) + +👉 Join the Telegram - [https://t.me/AstroPup\_Official](https://t.me/AstroPup_Official) +As a bit of background my father passed away unexpectedly in his 50's a couple of years ago and left me with £12m. I'm 27M and engaged, she was with me before all this and doesn't have money bags in her eyes which is great, we are in an incredibly loving relationship and the future is bright. All of my NW is invested in equities/bonds less for a small amount of cash and emergency fund. We have no mortgage and live comfortably, we don't really tell anybody about our NW however family and friends do know because they knew my father before he passed and can put two and two together. + +I'm self employed and work full time in the service industry, I very much enjoy my work and plan to work for many more years. I obviously don't tell anyone about my wealth, I like to keep it private. + +We live in a nice 3 bed family home, nothing too big, somewhere we could live comfortably for the rest of our days. There's lots of young families on the estate with no one seeming too "FAT" but certainly no one living on the poverty line either. + +I've recently purchased a nice new car, it was around £75k and I just can't but shake the feeling of guilt and judgement of others, I love the car and I'm happy my NW can 'afford it'. I invest reguarly and often and am very much commited to growing my wealth however I feel like I may have exposed myself as being FAT. I try my best to live under the radar and very much enjoy the 'financial independence' part of FIRE rather than the 'Retire Early' part. Should I care? Why do I care so much of what the neighbours may or may not think? Personally if I was them and I saw they had a new car, I'd be happy for them, but why can't I shake this feeling of me not fitting in now? For what it's worth the car is a BMW SUV, in a dark grey metallic, it's not bright yellow or anything obnoxious. + +Should I just stop giving a poop what people think and enjoy my life? I work hard, I am commited to growing our wealth and am genuinely conservative in spending in all other areas. This was just a purchase that made sense for us on a practical level with space for future children and our dog, it also helps that I'm into cars and it's a performance model too. + +I don't really know why I'm posting this, maybe as a vent, maybe to see if anyone can relate to me. It's so hard to discuss money anywhere without judgement and people getting jealous. I didn't ask for this NW but I feel obligated to do right by my Dad. But i'm also so so aware that tomorrow is not promised and you can't take it with you. + +I feel like I definitely do struggle with spending the wealth and fear of what others think of me. Maybe I just have a complex about fitting in. +Long story short, I was a sole proprietor in my business with no llc. All of my deposits/earnings are in my personal checking, which was insanely dumb. I found an accountant to help me with it now and she’s saying she needs the log in information to log in herself. I might be a bit paranoid, but is this normal ? + + I don’t know how comfortable I am giving my log in to someone I spoke to once on the phone . Chase doesn’t allow accountant access for personal accounts . Not sure what to do (we’re also on a deadline for something specific that has to be filed by tmmr), does anyone else do this ? + +EDIT: I checked their license and they’re legit and in good standing. She let me know they have insurance as well. I told them I didn’t want to provide my log in and they said it’s okay we’ll accept statements. But I did provide my business banking routing and account number because I need to set up payroll. + +I’m a little nervous now because I would have to transfer that money into the business account which they now have the info for. This IS accounting for my business , so is the trust just what comes with getting an accountant for a business ? +[Reuters on Wise Interim Report](https://uk.finance.yahoo.com/news/uk-payment-company-wise-says-062310090.html) + +Wise just released its interim report, showing an increase in customer transaction value of 36% and increased revenue of 25%. + +Despite that, the share price has slid another 2% and now hovers around 885p. I can't help but think that this represents a massive discount, particularly factoring in the company's projections for short- and long-term growth. + +Considering the recent fears of rising inflation, this has had a significant effect on the value of tech companies, which tend to be more highly leveraged than similarly valued companies in traditional industries. However, looking at Wise's balance sheet, they have no current debt, and a very small amount of long-term debt. Furthermore, Wise has consistently turned a profit, allowing it to pay its obligations from cash flow rather than relying on credit. Inflation-related fears should have very little impact on them. + +The only relevant bad news that could have caused this share price slide is the owner's personal tax conduct, which has seen him face a massive £365,000. Considering that this does not reflect on the activities of the company, I find it hard to believe that this news alone has caused the price to decline back to the IPO price. + +Personally, I believe that recent price movement has provided a massive discount on the potential value of Wise. Is there anything I've missed? +Not much more than what it says in the title really. I imagine for someone that hasn't looked for a single second at funds its a useful guide as to what might have some staying power, but I feel like even just doing ten seconds of research to see how long the fund has been around, its general performance, costs and size will do more for you than looking at the wealth shortlist. + + +I may be missing something, and perhaps some of you have success or horror stories that could help me better understand this. For what its worth, in my portfolio I hold two funds that are on the short list, and they were picked because in each case I was comparing them to something incredibly similar, and given that I couldn't decide, I just went with the HL recommendation. + +&#x200B; + +I don't lose sleep over this kind of thing, but it would be nice to see what other people's takes on this are, as currently I just assume HL get some kind of bonus for marketing those funds. Perhaps I'm wrong and way off mark. Enlighten me please. +Edit added this - TL;DR: We are past defaults starting, the amount of people now 60 days overdue on bills is surging meanwhile automotive backed securities are being traded at all time high rates while being one of the clearest bubbles and most at risk assets. The car market is starting to look like a smaller version of the 08 housing market. People have near record lows amounts of cash on hand/savings accounts while the cost of living surges. Some familes are being left with the choice of pay your debts or buy food. + + + +In my last post I touched on the relationship the FED has with the bond market and also the US dollar x Money supply. Now I want to bring more things into focus to really show the size of the bubble that they are deflating and eventually one way or another it will pop. The timings of my recent posts are because I believe we are closer than ever to MOASS. I've been a long term holder and zen ape for some time but then a yet to be convicted criminal named Ken Griffin blamed retail for losing teachers pensions.... + +&#x200B; + +https://preview.redd.it/ifmcxymeyd291.jpg?width=1752&format=pjpg&auto=webp&s=fadb8b6e1b6035cfd25878fb2cf042925c27b60e + +So again much like my previous post I'm going to try and simplify a lot of rather complicated issues so that when MOASS happens and people flood to superstonk to see what the hell is going on there will be clear and simple data that I hope people without existing knowledge can digest because ultamitely the financial powers will need a scapegoat to justify continuing this incredibly broken system rather than actually fixing it and making it fair. + +# SPACs + +"A special purpose acquisition company (SPAC) is a company that has no commercial operations and is formed strictly to raise capital through an initial public offering (IPO) or the purpose of acquiring or merging with an existing company. + +Also known as "blank check companies," SPACs have been around for decades, but their popularity has soared in recent years. In 2020, 247 SPACs were created with $80 billion invested." + +It is normal when monetary policy relaxes to see an influx of people/companies trying to make the most of it, this can present exciting opportunities for new companies breaking into the market but this can also lead to a lot of companies without a plan taking a huge influx of cash they wouldn't normally so by nature all SPACs no matter how promising they seem on paper are speculative. + +SPACs are largely popular due to the loose regulations (on wall street? \*GASP\*) Until 2020 the record number of SPACs was in 2007 with 66 which I will show shortly with a graph but before I do. + +A recent article in the WSJ issued this *warning*, + +" The companies with warnings amount to more than 10% of the 232 companies that listed through SPACs in that period, Audit Analytics said. That percentage is roughly double that for companies that listed through more-traditional initial public offerings, Audit Analytics said. The count excludes hundreds of IPOs by blank-check companies—SPACs before they merge with a private company—which often carry going-concern notices of their own. " + +While 10% of 232 is a very worrying amount this is just what the WSJ is reporting on and for data that is currently available, much like most things on superstonk once we see the real numbers it's going to be A LOT higher. + +https://preview.redd.it/cxmvlwsr6e291.png?width=729&format=png&auto=webp&s=84a47c49fec2bb9941a83ce11f68db8098b4f34b + +SPACs are speculative by nature, and bubble by exploit. More than 10% of SPACs in 248 are reporting they may not survive the next 12 months, well we don't have data on the record 613 SPACs OF 2021 nearly 10x that of 2007 but I'm pretty sure it's not going to be pretty. There is a wave of unemployment and bankruptcies coming. + +# Savings rate dropping and debt defaults rising. + +Personal saving as a percentage of disposable personal income (DPI), frequently referred to as "the personal saving rate," is calculated as the ratio of personal saving to DPI. + +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 $1.3T + +&#x200B; + +https://preview.redd.it/b3g6iz8off291.png?width=1168&format=png&auto=webp&s=a43d346c7af9430248d70399c0e72171d6c05c24 + +So despite the evidence that things are turning and becoming incredibly bearish and that the possibility of the mother of all crashes is coming why outside of the major indexes is this being ignored? Just pure greed from wallstreet gaming the system and wrecklessly gambling away pensions. I have asked myslef this in the past when thinking about MOASS, why haven't they given up yet? The only awnser I have is that, they can't. I've thought to myslef why don't they just let the stock run and see if a few apes jump early and start selling for pennies on the dollar because investors have seen the price in the hundreds, they know how that feels. Apes are yet to see prices in the thousands, why not dangle the carrot and the only reason why I think this hasn't happened yet is because they can't afford to and they are waiting for a bailout. + +For now apes I'll end part 1 with this message to all shills, hedgies, shorters etc... The players have started to figure out the game... + +&#x200B; + +https://preview.redd.it/jht57cn3lf291.jpg?width=500&format=pjpg&auto=webp&s=9d5ac772a1e6dd61c13b138fb5ba6c081b7ef335 + +&#x200B; + +BUY. HOLD. DRS. VOTE. SPLIT. MOON. +Suppose you bought your shares in Sears at the beginning of 1989. Back then, Sears Stock ($S) was trading at about $16 per share. You would have had purchased 6,200 shares of stock with a $100,000 investment. + +Sears stock paid dividends. + +From 1989 through 2005, Sears would have paid you $125,000 in dividends. + +In 1994, Sears spun off Allstate. Each Sears shareholder received 0.93 shares of Allstate for each share of Sears. So you got about 5,766 shares of Allstate. In July 1998, Allstate shares split 2:1. So now you would have had 11,532 shares in Allstate. + +Allstate is currently trading at $94 per share. That’s $1,084,008 + +Allstate paid dividends. Since IPO, they would have paid $277,690 on all your shares. (Not reinvested) + +In 1993, Sears spun off Dean Witter. Each shareholder of Sears got 0.39031 shares of Dean Witter for each share of Sears. You got about 2,400 shares of Dean Witter. + +Dean Witter then acquired Morgan Stanley, (they took the Morgan Stanley name) In 2000, it split 2:1, so you now have 4,800 shares of Morgan Stanley. It split 1:3 in 2004, making your investment 1,600 shares. Morgan Stanley is now trading at $41.19. So you have $65,905 in Morgan Stanley. + +Morgan Stanley paid dividends. A total of $65,688 since being bought by Dean Witter. + +This brings your initial $100,000 investment in Sears in 1989 to **$1,618,291** without reinvesting dividends! + +**Edits**: Commenters gave me some reminders of other spin-offs. + +Morgan Stanley spins off Discover in 2007, at 1 for every two $MS shares. This would give you 800 discover shares. Discover is currently trading at $69.72. This would net you a total of $55,776. + +But discover paid dividends! A total of $6,560 since you acquired the shares. + +In 2012, Sears spun off Sears Canada, giving each shareholder 0.42 shares per sears common stock. This would give us 2655 shares of Sears Canada. Sadly, this is only worth $50 flat today. Fortunately, they did pay dividends. A total of $34,515 since you acquired the shares. + +Sears spun off Lands End in 2014. Gave you 0.3 shares per SHLD share. You would have acquired 2295 shares of Lands End. At current share price, this would net you $39,451 + +Additionally, Sears still exists. Sears stock is worth $1.70 per share now. This would be an additional $13,953 on to your total return, given their split history. + +In total, your return without reinvested dividends comes to **$1,768,596** + + +https://www.cnbc.com/2020/08/17/oracle-is-in-talks-to-acquire-tiktoks-us-operations-source-says.html + +Oracle is working with U.S. venture capital firms to acquire TikTok’s U.S., Canadian, Australian and New Zealand operations. + +Oracle’s talks are ongoing and have progressed in recent days. + +Oracle’s interest challenges Microsoft, which has been in talks to acquire the same TikTok assets for more than a month. + +Thanks for the award. +M47 - married, 20M net worth. 5.5M in brokerage accounts, 300K in retirement accounts, 3M equity value of real estate holdings. The balance in private company stock, that pay ~100K/year in dividends and I can sell back to the company in periodic installments + +Both my spouse and my parents are still alive. Hers don't need support, mine do. Likely 2K more a month. We are already subsidizing about 1.5K a month. While we can afford it I worry about the fairness of supporting them and not other family members, wife's family. Will this open up Pandora's box with distant family now seeking 'support'. I can ask them to keep it quiet and I think they will, but when they have a sudden increase in lifestyle, it will be obvious. Also, I worry that its 2K now, 3K next year, next thing you know I'm supporting 10K a month. + +They have a credit card that has a balance, likely 3-4K that they're likely paying ~20% on. I could wipe that out and charge them less interest, but their would be another card and another balance in a year. They aren't wasteful, just normal expenses with inflation and their retirement pension stays the same. Thankful they have good medical. + +It is difficult for me to see my parents living thin, fixed income, complaining to me about inflation while we are living pretty fat lives (private aviation, multiple vacation properties). + +I could just take over all their finances, income, expenses and just make sure there cash going into a spending account each week. But there is a dignity issue, in that they tell me they don't want to 'be a burden', if I go this route it will be crystal clear that they are dependent on me. This would be better than the monthly awkwardness of them asking for $ with a stressful narrative of that 'one expense that hit them this month'. + +This is my first post in FatFire. I'll gladly verify fatness with moderators. + +Thanks +It's their last chance to FUD retail out of the stock. Its highly probable that an intense short ladder attack will happen immediately after the split. + +The split will take the price down to around $35. Then at this critical moment they will short it down to whatever they can, maybe even below 20. + +This will be their biggest mistake and our biggest opportunity to lock the float. I have put months of savings away for this moment. Our time is near apes. + +Edit: I am into shares only. I am against options and day trading. DRS all the way! +https://www.reuters.com/article/us-tesla-deliveries/musk-defies-skeptics-meets-tesla-delivery-goal-shares-hit-record-idUSKBN1Z21B5 + +(Reuters) - Tesla Inc (TSLA.O) beat Wall Street estimates for annual vehicle deliveries and met the low-end of its own target, sending shares to a record high in a vindication for Chief Executive Elon Musk after a few turbulent years. + +Boosted by demand for its mass-produced Model 3 sedans as overseas sales pick up, Tesla on Friday said it delivered 112,000 vehicles in the fourth quarter, including 92,550 Model 3s and 19,450 Model S/X SUVs, which was above expectations of 104,960 vehicles, according to IBES data from Refinitiv. +Let's say I open a bank account(or any other investment) where I add my, + +1. Father as Nominee +2. Mother as Joint Holder +3. Child a Legal Heir +4. Declared Will + +Now in case of my demise who is rightful owner of the account amongst above three? + +Can some legal expert throw some light here? +I'm receiving $10,000 (NZD) into my account on the 22nd of this month. + + +I've been experimenting with a variety of ETF's but I don't have any more than a few hundred in VOO and QQQJ respectively. I chose QQQJ due to the low share price + + +Where would you suggest I put this 10,000? I'm looking at leaving it for long term gains over the next 15-20 years or more, and continuing to put money in each week as I'm paid. + + +Where do I begin though? I hear good things about SPY and VTI, but could anyone provide some insight as to why these are good? + + +Sorry if this is a bit rambling, I've been investing in stocks for several years now but this is my first foray into ETF's. + + +Cheers :) +[PLTR stock data.](https://imgur.com/a/T5V7OEy) + +As the US market is on holiday, the rest of the world seems to be joining in the feeding frenzy of PLTR. + +Stocks jumped to $32.55. + +The stock has already more than tripled in price since its direct listing. + +Could this bull run continue in Friday? I don't know. + +But I continue to believe in the stock in the long term(next 5-10 years) due to its unique positioning in the market. +This might even be a conservative estimate, but let me state my reasoning. + +ETH will likely overtake bitcoin as the primary currency. This is hardly speculation, as we are seeing the effects of the flip already. There is undeniably a lot of interest in bitcoin and cryptocurrencies, and bitcoin will not meet the demand, and it seems ETH is primed to absorb the demand. + +Bitcoin was still at over 80% market share in March, and in just 3 months it dropped to 40%, mostly in favor of ETH. I think the cryptocurrency market is a 'winner takes most' market, as the only way to get a reliable store of value is for most of the market to agree on one coin to store their wealth in. The other coins also have value, but since many coins are created daily, the value would be diluted too much to get a reliable store of value, for this reason most people will agree on one currency to use as a main store of value, this is currently bitcoin, but the shift to ETH is inevitable at this point. + + I think it is therefore not unreasonable to expect ETH to be responsible for 80~90% of the cryptocurrency value. + +It is hard to predict what the total cryptocurrency market cap will be by October, but my very cautious estimation is that t will be **at least** 150 billion (it's over 100 billion now, up from 25 billion in march). But it might easily be far higher than this. + +Based on this, ETH will trade at at least $1200 by October. But honestly I would not even be surprised if it would break even $3000 before the end of the year. + +This might seem like a bubble and a ridiculous prediction, but honestly, this is just ETH absorbing demand that is umet by bitcoin. The growth will be totally natural and organic even though it will **seem** like a bubble. + +Media will likely only cause even more hype, which I did not even factor in. Get ready for a massive wealth shift. + + +[This chart](https://imgur.com/a/kBaYXmL) shows the global use of energy since the year 1800. + +As you can see, we still use the same amount of traditional biomass for energy as we did in the year 1800, and we use significantly more coal today than we did at any other point in history. Even though we know coal is significantly dirtier than oil & gas, the massive increases in consumption of energy have made it incredibly difficult to abandon one source of energy, even if we are transitioning to the next source of energy. + +Just some food for thought. +[This chart](https://imgur.com/a/kBaYXmL) shows the global use of energy since the year 1800. + +As you can see, we still use the same amount of traditional biomass for energy as we did in the year 1800, and we use significantly more coal today than we did at any other point in history. Even though we know coal is significantly dirtier than oil & gas, the massive increases in consumption of energy have made it incredibly difficult to abandon one source of energy, even if we are transitioning to the next source of energy. + +Just some food for thought. +Casual convo. Curious what are some small-ticket "should I buy" purchase decisions playing in people's minds at fat level, and your rationales. + +I need a prominent desk clock planted conspicuously behind me so in-person meetings at my office end on time. I am fixated on a Panerai desk clock, but can't justify the $3K tag. Have researched alternatives, but honestly don't want any other clock. What logic should apply here? + +Do I compare it to the price of a watch? Cost per use at $10/day over 1 year? It's a value question, my best reference point is that my watches/jewelry items only go up to about $5K. I was raised on $10 clocks. + +If not now, then at what point in my career do I justify this sweet clock of every modern lawyer's dreams? I have one level left, but it is unlikely I will get there in my career. So if not now, then I think this one is a "never." I still look at it online though, it makes my heart sing every time. +After slowly and methodically building my portfolio and exiting at opportune times over the past year and a half I managed to double my money! And then I said “What the hell? I’m young, it’s my time to be risky!” And then I un-doubled my money in one week! +Last year I bought 20 eth with my wages from a part time job. Now I can't believe that the 20 eth I bought can pay off my entire student loan debt. Still going to hodl though +Hodl on boys we smashed through 1K next stop .1 BTC + +ETH is the standard right now. it’s a great store of value, amazing currency for buying alts/P2P, countless dapps being developed, large scale industrial adoption, upcoming scaling solutions, continued low fees. The only coin/platform I have ultimate confidence in. + +Congratulations to all the hodlers. Thank you for all of your encouragement and advice along the way. +Hi, I’m an American who just moved to France a few days ago for a year. I just saw that the Euro and USD are now about equal. Is there anything I can do to make the most of that? As of right now, I don’t have a European bank account. My bank assesses an international transaction fee of 3% to the converted US dollar amount at ATMs. In general, I will be paid in cash for the part-time work I’m doing here. If I run out of cash from my employer, I would pay with my credit card which doesn’t charge international fees. + +Anyway, is there anything I can/should do right now to take advantage of the more favorable exchange rate? + +Also, I hope I don’t sound insensitive to any Europeans this is affecting. I am 23 and don’t have much money, but I am really excited to be here to learn my 4th European language, and I want to do what I can to budget well and travel around to enjoy your beautiful continent :) + +Not thinking about trading since I have very minimal investment experience. I’m just wondering if it’s smart for me to make bigger purchases as soon as possible, like a computer or yearly gym pass, for example. Or other small-scale budget considerations. +Hello, I'm trying to figure out if I'll potentially need to repay the $1,400 stimulus payment. Here's my situation, in chronological order: + +* 2019 income: very low +* I received both stimulus payments to date +* 2020 single AGI **under** $75k, taxes already filed and refund received +* 2021 single anticipated AGI *might* exceed $75k + +I anticipate I'll receive the $1,400 stimulus payment because my most recent tax records indicate an AGI under $75k. I'm trying to figure out if this will need to be repaid if my 2021 AGI ends up exceeding $75k, or if because my 2020 income was under $75, I qualify and that's the end of the story. + +The answer may be "we don't know yet," which is fine, I'm just a planner and trying to get an idea of my responsibilities. + +*I apologize if stimulus questions don't go here, it kept getting removed by the automod on* r/stimuluscheck*.* +Hello all, + +My father passed away unexpectedly leading my brother and I to inherit all the property. Since he did not have a will we had to go through a lawyer to get everything into our names, which we finally just paid off. All properties are in California. Two of the properties are commercial, located in the Palm Springs area, which is the area we live in, the other two are in San Francisco, one is a duplex and the other is a SFH. We also inherited the house we currently live in. Both commercial properties are rented and one unit in the duplex is currently rented. We have no property manager, which is one reason I’m overwhelmed. We are currently thinking about getting a loan to fix up the SFH and the one unit in SF as they haven't been renovated in \~two decades. Also some of the properties leases have not been updated in \~10 years (eek, I know…). None of the properties have a mortgage either, which I am extremely grateful for. My brother wants to sell some properties, while I would like to keep them all and eventually begin investing in more rental properties. + +Anyways, my question is what would be our first step? Getting a loan? Finding a property manager? I would actually love to manage them myself eventually. We also do not have an accountant/CPA. + +If anyone has any book/podcast recommendation for more information and to learn more, I’d love to hear them.  + +Thank you all for reading this and I really appreciate all and any advice. +https://amp.theguardian.com/business/2022/jan/03/china-evergrande-shares-suspended-from-trading-in-hong-kong + +This conversation was originally posted on r/economics and was removed after significant interest with no explanation. That conversation can be found here: + +https://www.reddit.com/r/Economics/comments/ruse24/evergrande_shares_halted_in_fresh_crisis/ + +I'm reposting my analysis of the implications of all this below: + + +Everyone is watching the nascent real estate bubble (r/REbubble) in the US, but we will be lucky if the big fat festering bubble in China doesn't spread into international contagion. + +Not only are there the obvious financial issues with developers like Evergrade, Kaisa, et. al., There are severe structural problems extending deep into the Chinese political system that could even be potentially destabilizing. Not only do you have 70%+ of Chinese savings trapped in this bubble, you also have the issues with shadow financial products (WMPs) and deposits brought to light by Evergrande. This could, and already has to a limited extent, result is mass social unrest should a 2008 or worse situation materialize. + +To make matters even worse, most local government funding is derrived from land sales which have all but ground to a halt. Most Chinese government debt is owed by these local government entities and attempts to institute a property tax have this far been fruitless. You have to wonder if the solvancy of certain government entities in China could be tenuous. Again, the implications of this are huge. Will it collapse other state owned enterprises that also tend to be owned by local governments? Will this result in mass unemployment on top of the potential WMPs, loss of savings, and undeliverable unit issues? + +Finally, consider the implications if a political crisis were to transpire from all this. What happens if millions organize in the streets? How does the CCP react? Do they slaughter millions of civilians? Do they roll out the tanks? What happens if there were, say, a general strike of tens or hundreds of millions of Chinese or something like that? We all saw what covid disruptions in China did to global supply chains. Even short lived political unrest in China would potentially bring the global economy to it's knees in a way that would make the current issues look like a joke. + +The worst part of all this is that there is no data. We have no idea what's going on in China. I would actually posit that the CCP itself might have a very limited understanding of what they are dealing with here. This whole situation is on a knife edge and I don't believe the party line that they have it all under control. Not for one second. + + +**EDIT:** + +More relevant to this sub was a follow up comment I made. The big question here is what does this do to interest rate policy from the Fed in 2022. Someone pointed out stocks are up today like nothing happened, here was my response: + +>They assume the Fed will continue to pour fuel on the fire. A collapse in China would inevitably fuck the supply chain even more increasing inflationary pressure. + +>That's where things get interesting for the Fed. Do you risk continued stimulus stalling out the economy into stagflation? Do you tighten and risk knee capping asset prices in the US? Do you tighten knowing that it would only serve to freeze dollar liquidity in East Asia a la the Asian Financial Crisis of the 1990s? + +>What do you even do from a policy perspective here? Tightening seems necessary for the solvancy of the USD, but it would probably make the situation in China much worse. That sounds great from a geostrategic perspective, but given the US integration and reliance on Chinese output, it would also have a negative effect on the US economy even beyond the usual roiling of asset prices here. +With bonds getting slaughtered, and stocks continuing their slow bleed, is there anything safe right now? I always thought that common sense stated that bonds were supposed to be the "safer" and less volatile investment, but it doesn't seem be the case any more. +My wife is a federal employee who wasn't payed during the shutdown. Yesterday she got a direct deposit for one missed paycheck and another is pending for tomorrow. Each payment is $484 less than her normal pay. She's going to ask about it today, but I was wondering if it happened to anyone else. + +&#x200B; +Im a 27 yr old male who was accepted to an out of state dental school. This is the only school I was accepted to. Tuition alone is 420k, not including any other expenses. Having a hard time understanding if this is a good financial move. Do you guys think it’s still worth attending for this price tag? +Bitcoin has benefited greatly from the “digital gold” branding. Easy to understand, and importantly, easy to understand why it might be valuable. + +Describing Ethereum as “programmable money” or “smart contracts” or “a platform for decentralized apps” is just going to get blank stares, and won’t instantly clarify why Ethereum is so valuable. + +“Internet 2.0” accurately captures the ambitions of the network and community, and clarifies we’re talking about something that can be mainstream and big. + +EDIT: I hear those saying Ethereum is Web 3.0. Yes you're technically also correct, but "Internet 2.0" will turn on the light bulb much faster than "Web 3.0". Many people don't necessarily relate to "Web" (lay people talk about the internet these days, not the web) and they certainly don't relate to "Web 2.0". There's a compelling argument that Ethereum is bigger than Web as well. +For real. I cruise over to any other sub, and constantly you see controversy and people being absolute dicks. I bought my first shares in February last year, I put my $10k in savings into this, I've continued to buy here and there when I can afford it, and spent (an uncomfortable amount of) time on this sub soaking in everything I can. From basic investment knowledge to massively complex DD's. And with 100's of hours browsing, there is almost no promiscuous behavior, no massive arguement threads, and the page self regulates with great scrutiny, understanding, and knowledge. Don't get me wrong. We have assholes. We have the good ole' shillys, and the bad actors. But we've created this space where these people are called out and disapproved of or banned. We moderate our mods, we listen to each other, we take polls on major decisions. It's like nothing I've ever seen before. Even the single topic pages I follow on FB, that people have to seek out and be approved to join, have controversy. I just wanted to make this post and let you all know I appreciate you. I respect you. And I'm here for you. I'm so excited for the ride or die, lambo or food stamp, the BIGGEST TRANSFER OF WEALTH IN HISTORY! Keep looking out for each other and I truly hope to see some of you guys in the future. Ape no fight ape. Buy, hodl, DRS. Thank you everyone. + +EDIT: Holy guacamole.. I woke up to this blowning up! You guys really are the best. ❤🧡💛💚💙💜🖤 + +ALSO AN EDIT: I made it a point to thank everyone who gave this an award, but it appears some received awards don't show up in my notifications/DMs (anonymous or not) so I can't send private message out to thank ALL of them. But know that if I didn't send you a message, I would've if I could've because I respond to all of them and I really appreciate them all. 😊 +When people ask me why I invest in crypto, I usually start ranting about why it is such a groundbreaking technology and the implications for potential profits, but the real reason I invest has nothing to do with money. + +I think of each dollar I convert from fiat to crypto as a step towards my own personal emancipation from, what I understand to be, the most diabolical and sinister of all tyrannical levers of power: central banking. + +When I first discovered bitcoin in 2012, I immediately knew it was going to be the investment of a lifetime. I didn't really understand the tech at the time but I fully understood the political implications of a store of value that is not subject to the whims of academics and bankers. + +For the first time in history, a unit of value that is stateless and uncensorable can be transmitted peer to peer instantly without any banker middlemen charging for a fee, net loss to the sum economic output of a nation. Unleashing that siphoned capital for truly productive endeavors has profound implications for the advancement of humanity as a whole. + +I invest in crypto as a political statement; as a vote against a system that I cannot change but one that I can now peacefully and voluntarily opt out of. It is a vote for freedom, and to me, that is more valuable than any amount of profit imaginable. +So I've been playing with options for a few months and quickly realizing theta gang is the way to go. I feel like I understand the basics but struggling with where to start. Ive been trying to find a stock sub 20 with an rsi over 70 or below 20 with good volume and iv but I'm coming up short. Is it worth wheeling into something like AAL or maybe even using my tasty works margin and going up to 40 with something like CRSR? Any help would be greatly appreciated, thanks! +Hi. I'm a 23yo expat living in Amsterdam. Neither my parents nor my education told me how to manage my money so I'm trying to catch up now, but it is all very confusing. + +My salary now is 50k euros per year (before tax, including holiday pay). I'm currently saving about 500-700 per month to take a mortgage to buy a house or an apartment. I also have an emergence savings for about 2 month. By the end of the month I also put what is left on my main account (usually from 50 to 400 euros) to saving, I'm thinking of investing in somewhere instead. + +I also checked on the government website the amount of pension that I would get once I retire and it is very low, so I want to save more for retirement myself. + +I would like to ask your advice as for what should I do with my money right now and in future. I am thinking about investing in some mutual fund or etf, but there is so many of them and I don't really understand how to compare one to another. I made an account on Degiro, but didn't put anything there yet. + +Btw I'm single and don't plan to start a family, in case that matters. + +Thank you. +***Edit- Thank you everyone for the advice and the personal stories, you all have also been through a lot it’s nice to know I’m not alone here. I still have to sort out my plan of action but it’s really helping me to read through all of your replies. I’m truly touched by how many of you have reached out specifically to offer an ear, thank you. + +So, obligatory “writing from my mobile” and “sorry for the long post in advance...” + +Backstory: +My moms a single mom and has been having financial issues since the recession. She lost her job at a spa (massage therapist) in 2008 when I was still in high school, we couldn’t afford rent so I moved in with one aunt and my mom moved in with another. + +The aunt my mom moved in with was going through cancer treatment at the time so she helped her with appointments and cooking etc. since it was such a hard job market. That’s when, in March 2011, my aunt passed away. My moms an emotional woman and she took it very hard... she struggles with alcoholism (though she’d never admit it) and it started to show. + +I graduated high school in 2011, took out some loans and moved to college in the same state but a 9 hour drive away. My mom began bouncing between friends and families houses, staying until they were tired of her not contributing or being drunk or just generally overstaying her welcome. Since we lost our place she hasn’t had a stable home, which has always stressed me out but there wasn’t much I could do to help while already living on financial aid and my shitty coffee shop job. + +Nowstory: +Fast forward to now, four years since I graduated college, I have a decent job in my field and I’ve started paying off my loans. I’m by no means swimming in a pool of money but I’m able to pay my car payment and my rent in the HCOL area I live so like I said, decent. + +Six months ago my mom started having issues with the family she was renting a room from. We agreed she should start finding a place before she had to leave so I start sending her weekly emails of apartment listings as well as application sites to low income housing in the area (and in another state where we have a lot of family that is drastically cheaper to live in). +She never responds to my emails. When I call her and ask her about them she gets either defensive and mean or sad and crying telling me “there’s so much you don’t understand” or “if you even knew” then hanging up on me. As I’m now an adult who has moved a dozen times all finding the housing for myself I do, in fact, know. + +While I’m trying to convince her to follow up on these apartments I start getting text messages from family members telling me it’s my job to figure it out and “fix the problem,” one aunt even mentioning that her four sons send her some money a month and pay for her phone bill to help make ends meet. + +Now look, I’m not neglecting my mom over here despite what my family seems to think. Over the last four years I’ve bought my mom a new (to her)car (I knew someone selling a 2010 Prius for a good price), I’ve bought her new work clothes and new everyday outfits, I’ve paid for her to come and visit many times and most recently I’ve given her my iphone7 and put her on my phone plan. I then spent hours putting together comprehensive lists and step by step application directions for her to fill out. I just. I can’t afford to support both of us financially while paying off my student loans and digging myself out of poverty at the same time. + +She now has till Tuesday to figure a place out and is obviously struggling to do this last minute but I’m like... we could have figured it out months ago if you would have helped me with the paperwork side of things! + +I told her a few months ago I’d help with some moving costs and so far I’ve been able to squirrel away $1300 for her... I just don’t know what else to do. I still live 9 hours away, I tried to prevent this exact situation for months and quite frankly I don’t have more to spare than the $1300 right now. I’m tired of the guilt texts from my family and I just. I’m at a loss. Literally any advice would help at this point because I’m overwhelmed, feeling like a bad daughter and just. I want her to thrive. I’m harboring a lot of resentment right now for the situation we’re in and the fact that I feel like our roles have reversed completely. + +Tl;dr- moms been having financial issues since I was in high school, I now have a middle class salary but can’t afford to support us both and also get out of poverty, I’ve tried to help but she’s not helping herself and my family is trying to guilt me into taking more on than I can. +This is the official $GME Megathread for r/Superstonk. 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Apologies if this has already been discussed in other threads. + +I’m not talking about promotions, just if you’re staying in your current role and your employer is giving out a % increase for the new financial year. + +I’ll start. My company is increasing everyone’s salaries by 3.8% + the compulsory additional 0.5% super. There was no increase at the start of the calendar year; wage reviews operate on a fiscal year cycle. +Half the posts on this sub were fucking loss or gain porn pictures you absolute morons. I’ve never judged y’all for your sexuality but man this has to be one of the most shit for brained decisions I’ve ever seen on Reddit. Do you think this sub grew 10x in the last two years because of the quality DD text posts on here? Jesus fucking Christ you absolute dolts +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +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 /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your /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) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +Your markets are run by bots. Now your /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) +This project just launched few days ago and built up a huge TVL of over$2bn in a matter of just days and was being celebrated across defi universe, and got listed by a lot of DEX exchanges in a matter of days. + +DeFi social media was abuzz with discussion of this, and the incredible APYs on offer. + +[Glimpse of the mouthwatering APYs! ](https://preview.redd.it/odhibipkbp571.jpg?width=1260&format=pjpg&auto=webp&s=c92a383732d8baeff6fbc776ae095267915845a4) + +This screenshot was taken just few hours ago. Well, as luck would have it... this whole thing crashed and looks like a rug pull, the price has now gone down to below $2 + +[Current price of Titan: 1.02 USDT](https://preview.redd.it/ridi1pn0dp571.jpg?width=1334&format=pjpg&auto=webp&s=1a4884154db38fbd90605c4be4005d7963ece290) + +&#x200B; + +[Mark Cuba's blog post explaining how he decided to farm Iron\/Titan. ](https://preview.redd.it/y4s9v6mpcp571.jpg?width=1242&format=pjpg&auto=webp&s=d6b615bd80aecd4e91a63a23d75d092f6758eef1) + +Cuban, a billionaire, could easily stomach whatever loss he had out of this. + +&#x200B; + +[Those who took loans to buy this at $50, can they?](https://preview.redd.it/w2fv561edp571.jpg?width=750&format=pjpg&auto=webp&s=ca42bfdf3723a84d977f2a684455ddec6afd5aa2) + +# Updates: + +This is an ongoing situation, and now, the price has crashed to $0.00017. Yup, from $60 to $0.00017 in about 4 hours. Absolute disaster. + +[And the rug pull is complete!](https://preview.redd.it/mmtrwcdq1q571.jpg?width=1440&format=pjpg&auto=webp&s=0f2eb23975d4408528c2bfac9af19e9076cd1d2e) + +The team calls it a "bank run". Lol. + +~~Mark Cuban~~ Michal Cuban says "he was also affected but got out". Hmm wonder what that means +I am interested in the proposal of PoS, but I noticed people are not speculating (as much as you might expect) about what might happen upon the switch from PoW to PoS. Would you guys be comfortable starting a discussion about what you think will happen to the value of Eth upon that event? For example do you think it will fall, or will the excitement to stake lead to a huge pump? I don't have the experience and knowledge that you have as a collective, so I thought it might provide value to the community to discuss. Cheers! +Working on LeanFIRE (getting close) then onto FatFIRE but I’m always curious as to those who hit road bumps along the way and recovered. + +When I first started working, I made sure to put away a good amount of money every single paycheck. I didn’t just let that money sit though, it went straight into the stock market (mix of “safe” index funds and then handpicked companies I liked). First few years went well riding up the bull market but I kept thinking “this market can’t last” (so wrong as it continues to be a bull market today 8 years later). + +I decided I wanted to put some of my money elsewhere. Started investing in friends starting businesses with small loans and it ended up being pretty good. A few thousand here turned into larger and larger investments and it was still going well. “Well” for someone a few years out of college and working an average salary day job. + +Then one day, a longtime friend who had been doing well starting his own little ventures introduces me to his buddy who had started a small health food company. After speaking, I decided to invest - without doing the necessary due diligence. I read up about the company and saw their numbers but I didn’t background check the guy since I trusted my friend. + +Long story short: Turns out this “friend” of friend had a pretty shady past with his business partners. The first year or so was fine then he showed his true colors and eventually went off the grid, with all my investment: $60k at the time (several stages of investing). + +That shattered me as I was in my mid 20s and that’s a lot of cash for someone at the age let alone any age. Even worse, that money I had pulled out of the stock market was invested in $AMZN at a cost basis around $330/share. FML. + +Anyway, that life mistake has haunted me ever since. I’ve never been able to track the guy and recoup my money. Hard lesson learned and I constantly think about how much money that would be now if I had instead left it in $AMZN. Oh well. Back on track for financial goals. + +As much as I love all the celebratory “I made it, I’m rich” posts. Would love to hear some money mistakes made and lessons learned before achieving FatFIRE! +I work for a fintech company asa software engineer and receive stock options as part of my compensation. As a result, a significant part of my net worth + future income is already tied to these two industries. + +I'm therefore interested in shifting some of my portfolio away from the current 100% Vanguard FTSE Global All Cap allocation into some sort of index tracker/etf that doesn't have big tech and big finance as it's largest holdings. + +What are my options? +Is this not a little crazy? + +Current MOONS price - $0.095 (cmc) + +Current price per upvote to buy online - $0.06 or lower + +0.88 MOONS per upvote this round - 0.88\*0.095 - $0.083 per upvote gained. + +You can make a clear profit of $0.02 per upvote simply by buying them online. I + +s this a new form of arbitrage? Paying other people to 'mine' MOONS for you? + +Image the madness if MOONS, well, mooned. +All of the best questions that I have seen suggested so far have originated from Dr.T. Why not let an industry expert ask the questions on behalf of retail? + +Imagine what Queen Kong could reveal in a ten minute question-answer with Gary? + +Don't let Gary ftd the answers retail deserves. +Do you write covered calls? Are you concerned when the underlying is bringing your short call deeper into the money? Are you content when the underlying dips, bringing your short call farther out of the money and, therefore, guaranteeing its worthlessness and your profit on it? You may be mismanaging it. + +The covered call is very counterintuitive when it comes to profit and loss. It has a misleading nature. It can make you think that you’re losing money, when you’re actually profiting; and vice versa, it can make you think that you’re profiting, when you’re actually losing money. + +A CC and a CSP are synthetically identical at the same strike. They are bullish on the underlying with short gamma. + +What’s the misleading nature of covered calls? + +- The short call becomes profitable when the underlying dips. However, the long leg of the trade (the shares of the underlying) incurs a loss. The loss from the long leg is greater than the profit from the short call. This nets in unrealized loss. +- If the underlying rallies, then the short call becomes more expensive to buy back, and thus shows a loss to you. The long leg of the trade, however, gains in value. The unrealized profit from the long leg is greater than the unrealized loss on the short call. This nets in unrealized profit. + +If you’re fixated on the short call of the CC, then you’re missing the bigger picture. I see many, many traders concerned with rolling a covered call up and out for credit during a rally, while not ~~doing the same~~ rolling down and out during a dip (as they would with a cash-secured put). + +The cash-secured put doesn’t lie to you like short-leg of a covered call does. The CSP tells you when you’re losing money and tells you when you’re profiting. + +To clarify, I’m not making a case for writing puts. I’m calling for a greater awareness to managing covered calls. + +If you’re rolling CSPs down and farther out in time during a sell-off, and you’re not doing the same to a CC, then you may be missing the complete picture your exposure on the covered call. + +If you’re rolling CSPs up vertically for net credit during a rally, and you are opposed to rolling the CC up vertically for a net debit in the same scenario, then you may be missing the complete picture of your exposure on the covered call. + +As always, remember the cardinal rule in options trading: + +***Know thy exposure.*** + +`AMENDMENT` + +Since ~~many~~ [some] complained about the ambiguity of this post, I’d like to clarify some implications from this when it comes to rolling. + +- If you write OTM CCs, then you’ll have an easier time rolling [up and out] for credit on a rally (as long as it doesn’t get away from you). Rolling for credit here lowers your breakeven point, reduces your gamma, and maintains your delta. It’s proactive management, because it’s nearly impossible to make up for intrinsic loss of the shares with extrinsic value of rolled-out OTM calls during a sell-off. +- If you write ITM CCs, then you can manage the CC like an OTM CSP, rolling outward during a sell-off. This is reactive management, as it’s easier to roll down an ITM call for enough credit to make up for intrinsic loss of the shares during a sell-off, than it is to roll it up for credit during a rally. +- If you write ATM CCs, then you can do either just as effectively [if not more effectively, because you have maximum extrinsic value at your disposal]. +Hello apes, I do not represent Watermelon Guy, I am simply writing this as a sort of Amicus Superstonk ("Friend of Superstonk") in order to point out to the mods why their punishment violates Watermelon Guy's due process and goes against the sub rules. + +Firstly, here are the Superstonk **Rules**: + +* [The Rules of r/Superstonk](https://www.reddit.com/r/Superstonk/wiki/index/rules#wiki_the_rules_of_r.2Fsuperstonk) + * [1. No Contacting Mods Directly](https://www.reddit.com/r/Superstonk/wiki/index/rules#wiki_1._no_contacting_mods_directly) + * [2. No Harassment, Bullying, Doxing, or Threats](https://www.reddit.com/r/Superstonk/wiki/index/rules#wiki_2._no_harassment.2C_bullying.2C_doxing.2C_or_threats) + * [3. No FUD, Shills, Bots, Lies, Spam, Phishing](https://www.reddit.com/r/Superstonk/wiki/index/rules#wiki_3._no_fud.2C_shills.2C_bots.2C_lies.2C_spam.2C_phishing) + * [4. No Market Manipulation](https://www.reddit.com/r/Superstonk/wiki/index/rules#wiki_4._no_market_manipulation) + * [5. Improper Content](https://www.reddit.com/r/Superstonk/wiki/index/rules#wiki_5._improper_content) + * [6. Help Us Help You](https://www.reddit.com/r/Superstonk/wiki/index/rules#wiki_6._help_us_help_you) + * [7. Self-Promotion Allowed (with limits)](https://www.reddit.com/r/Superstonk/wiki/index/rules#wiki_7._self-promotion_allowed_.28with_limits.29) + * [8. Automod](https://www.reddit.com/r/Superstonk/wiki/index/rules#wiki_8._automod) + * [9. Percentage-only Gains-Loss Porn. No Positions.](https://www.reddit.com/r/Superstonk/wiki/index/rules#wiki_9._percentage-only_gains-loss_porn._no_positions.) + * [10. No Mass-Shared Content](https://www.reddit.com/r/Superstonk/wiki/index/rules#wiki_10._no_mass-shared_content) + * [11. No Brigading](https://www.reddit.com/r/Superstonk/wiki/index/rules#wiki_11._no_brigading) + +**Facts:** + +1. A Superstonk user (hereafter, "Watermelon Guy"), said he would stick a watermelon up his ass if GME price hit $200. +2. Mods decided to ban Watermelon Guy for 3 days and give him a perma-tag of shame. +3. Subsequently, mods decided to change the punishment and perma-ban Watermelon Guy because "it's not fair to other users who fulfill their bets." + +**I. Perma-Banning Watermelon Guy Violates his Due Process** + +As seen in the Superstonk Rules, there are no "Proof-or-Ban" requirements. Notice is both a pre-requisite AND an important part of due process. Watermelon Guy must be given notice through some official channel that we are operating on proof-or-ban. More broadly, users of Superstonk must be put on notice that their accounts may be perma-banned for following such and such action. It's fair to say that without notice, we enter into the territory of arbitrary punishments. Additionally, notice must be official. In the same way that you are given notice that you should not trespass in a piece of land where there is a "NO TRESPASSING" sign, so too must you be given notice of what you can get perma-banned for. + +Nothing in the Rules even hint that not proving a bet is grounds for banishment! Some may say, "well we've always done this!" If you are referring to our W5B days, then sure, but the Mods specifically created these 10 Rules in order to keep order. If we look at the actual rules, we can trace a difference in sentiment from W5B. If we look at W5B's current rules: + +1. Content Guidelines +2. Submission should've been a Comment in the Daily Thread +3. No Market Manipulation +4. No Pump & Dump, Crypto Discussions, Schemes or Scams +5. Political Bullshit +6. No Advertisement, Self-Promotion, Fundraising, or Begging +7. No Bullshitting +8. Bad Positions Screenshot +9. No SPACs +10. No Brigading + +Some things are the same, but some are completely different. This signals a shift away from W5B culture and towards our own ape culture. If the defense is that W5B does it, or we used to do it, then add it to the Rules so that apes are aware of the potential consequences of saying something stupid. Watermelon Guy's due process rights were violated because he lacked official notice that his "bet" would get him perma-banned. + +**II. Watermelon Guy's Banishment Violates Superstonk's Mottos of "Ape no Fight Ape" and "Apes Stronger Together"** + +Ape no Fight Ape. Apes Stronger Together. Mods have violated the spirit of our sub by banning an ape from the pack. The whole point of Superstonk was that we are a community of like-minded individuals that like the stock. Mods cannot utter "apes strong together" and perma-ban an ape that did not violate the Rules, and not be seen as hypocritical. That simply shows that the proof-or-ban meme is stronger than this community, and that there is no sanctity within the community of apes. Keep this ape in the pack. Punish him in the pack. But mods are really going to allow an ape to be alone during MOASS? An ape who likely bought and held? An ape who engaged with the ape community? An ape who followed the sub Rules? Ape no fight Ape. + +**III. Public Policy Reason: Apes Deserve a Community** + +Let's not forget the solidarity we so lovingly created during these last 8 months or so. Watermelon Guy has been banished from the community of apes. Imagine buying and holding for months, only to be banished for saying something stupid. We are not W5B, we are apes fighting hedgies bc they're fuk. C'mon mods, zoom out a bit and see what's really important. There have been numerous posts on here talking about a potential DDOS attack and that apes should meet in Youtube comments if that happens, and yet by banning Watermelon Guy, mods have separated an ape from the pack. Not because that ape violated a rule, but because that ape decided that he couldn't fit a watermelon in his ass (a reasonable conclusion, I might add). Bring him back, punish him in a way that does not make us lose an ape in this fight permanently. + +**IV. Mods have Arbitrarily Changed Punishment** + +After the mods convened to decide Watermelon Guy's fate and posted the punishment as a stickied comment in Watermelon Guy's post, they decided to change their punishment and perma-ban Watermelon Guy. This action constitutes an arbitrary bypass of the process and the perma-ban must be vacated in the interest of ape justice. A decision to perma-ban is a solemn one and must be taken with caution and much thought. Imagine a criminal judge handing down a sentence and then saying "nevermind, actually I sentence you to life in prison." By changing their stance so quickly and without much deliberation, mods have acted arbitrarily and therefore harmed this sub. + +**V. The Argument that Perma-Ban is Necessary to Protect "Fairness" is Illogical** + +This argument is not really a "fairness" argument. It's fair to ban someone for violating a rule, it's not fair to punish Watermelon Guy because someone somewhere might possibly make a bet and be peer-pressured to fulfill that bet hypothetically. When we create rules based on what's fair to a hypothetical third party, those rules often become arbitrary and harsh. Due process calls for fairness to the individual being stripped of their legal right. In this case, Reddit runs much like modern court systems: there are arbiters (wort wort wort), rules, and a process for punishment. The focus needs to be on the individual being punished, because their rights are the only ones being affected. Rick\_of\_Spades can carry on his banana-filled (literally) Reddit life the exact same way regardless of whether Watermelon Guy is perma-banned or not. That is not justice, that is a weird kind of revenge. + +**CONCLUSION** + +I, therefore, as a friend of Superstonk, petition for the mods to vacate Watermelon Guy's perma-ban, return him to his community where he belongs, and punish him some other, more reasonable, way, if mods feel like proof-or-ban still holds a place in this sub. What happened to Watermelon Guy could happen to anyone reading this, and I doubt anyone here wants to be cut off from the pack during MOASS for something as antiquated as proof-or-ban. We are no longer making bets, the GME theory is solid and we are simply investing in a stock we like. + +EDIT: u/doom_douche posted a poll if anyone wants to vote. I don't think it covers the issue of perma-ban, only if we should have these posts in the first place. But here you go: https://www.reddit.com/r/Superstonk/comments/pbfdr7/lets_talk_about_bets_and_butt_stuff_what_do_you/?utm_medium=android_app&utm_source=share +Edit 1 : \[[Source](https://www.investopedia.com/terms/b/black.asp)\] + +>The expression "in the black" is used to refer to a company's profitability and current financial health. A company is said to be in the black if it is profitable or, more specifically, if the company produces positive earnings after accounting for all expenses. + +I've been on the side lines continuing my DD into what has created the situation that we know as GAMESTOP. + +Before I begin, [Remember that any action purposely done with the intention of causing a "short squeeze" is completely illegal](http://www.law.du.edu/documents/corporate-governance/securities-matters/elliott/11-Complaint.pdf). Also collusion on ANY basis is grounds for litigation. + +\*\*Edit : /u/dlauer Didn't you [say](https://sw-ke.facebook.com/FastMoney/videos/196489325714410/?t=120) that Citadel is part of a [duopoly](https://www.investopedia.com/terms/c/collusion.asp#:~:text=may%20collectively%20choose%20to%20influence%20the%20market%20supply%20of%20a%20good%20or%20agree%20to%20a%20specific%20pricing%20level%20which%20will%20help%20the%20partners%20maximize%C2%A0their%C2%A0profits%C2%A0at%20the%20detriment%20of%20other%20competitors.%20It%20is%20common%20among%20duopolies) (with Virtu)?\*\* + +But what if you were the chairman? How could you communicate in a fashion that says "sit tight" without saying anything directive at the retail investors? What if you had literally done what was written in the merger filing that created the Corp that you are running, well maybe we could dodge that legal bullet eh? + +https://preview.redd.it/y1b1pnpgs8t71.png?width=1334&format=png&auto=webp&s=29a410ab0dbaeb504e1c89480bc619914f6081b0 + +This is s snippit from this filing on GME's website of the 2005 merger filing. [https://news.gamestop.com/static-files/45932f95-1191-4301-bcc8-534398f8c21c](https://news.gamestop.com/static-files/45932f95-1191-4301-bcc8-534398f8c21c) + +Followed by Chairman and GaMEstop's twitter pages going dark. see? it's beautiful. He looks cool in a Johnny Cash meets Jiu Jitsu kind of way right? Chairman Ryan Cohen reminds me of john wick in this. :'D + +https://preview.redd.it/tawtg8mjs8t71.png?width=750&format=png&auto=webp&s=57c542915f9d73a2a7f1feb2ffbec31e57d415b5 + +https://preview.redd.it/kga31cvks8t71.png?width=768&format=png&auto=webp&s=91d59847789cdbac35a207dea17c0c0439081e61 + +&#x200B; + +https://preview.redd.it/cjctap1ms8t71.png?width=1440&format=png&auto=webp&s=2302fee55a7867a46d03217526a1a2fcdb956c1f + +https://preview.redd.it/mp9x7anms8t71.png?width=1442&format=png&auto=webp&s=ebde2cd5bdc0ec32b754e952f55a7a685a7f006e + +[https://www.otcmarkets.com/files/ellenoff-going-dark.pdf](https://www.otcmarkets.com/files/ellenoff-going-dark.pdf) is the link to OTCMARKETS explanation of what GOING DARK is. + +So imagine this shit right? Imagine that you were under a gag order and couldn't talk. well you found a way to communicate using simple subtleties. + +Like going dark. or like referencing companies that were acquisitioned by companies that were later contracted, or acquisitioned even, by amazon in the end. + +Here is my theory that the chairman showed us on his personal and company page that he is going dark. What does going dark mean? OTC baby. A closing of outstanding shares which the shorts rely on. Couple that with the "units" being preferred class A shares and it would allow Retail Investors to obtain, per synthetic position, a REAL share. All of retail would be holding real shares. ALL of us. Institutional Ownership would be at a fukt position because of retraction of all outstanding shares. + +Nowhere in the history of the company has GameStop been delisted as was planned in the 2005 merger filing. These entities never got delisted. Because it hasn't happened yet. This would be the perfect play to anticipate the economic shitstorm brewing while allowing retail investors to literally have more voting power than institutions by a HUGE ratio. + +This is my thesis. This is literally my hope and dream. This is literally what I would do if I was the Chairman. Want to understand the owner? Put yourself in his specific shoes. Understand where he has been and where he is going. Understand what the company has been through and WHERE ITS GOING. first OTC, and then to the FUCKING MOON. + +\- STOP THE DIVISION OF OUR COMMUNITY + +\- STOP THE DISTRACTION OF OUR INVESTORS + +\- STOP THE DECEPTION OF UNVERIFIED DD/MSM + +\- STOP THE DESTRUCTION OF OUR UNITY + +\- STOP THE BULLSHIT + +you will never see this opportunity again. and if this doesn't pan out, your kids will never see it in the first place. a real fucking chance at a fair fucking life..WE EITHER STAND TOGETHER STRONG, OR WE FAIL TOGETHER BECAUSE WE DIDN'T. + +CAN'T STOP WONT STOP + +**This post was taken from** /u/alwayssadbuttruthful +I have been on and off food stamps a few times. I would like to better understand certain implications of food stamps the have never heard discussed. + + Food stamps were a huge controversy when I was young. Now they seem significantly less controversial. I rarely find people anymore who are opposed to the existence of "welfare slaves" in themselves, but rather they think they are paying unfairly for those persons' food via taxes. I'm of the opinion that food stamps help to fix food prices nationwide, which has the benefit of ensuring food is somewhat cheaper than without them. My reasoning for this is that more people have more money in their pockets, and they spend that on food. The more something gets purchased the cheaper it is, right? + +Furthermore then I've wondered something about this. If the critic of food stamps only makes a certain amount of money but didn't receive food stamps, there might be a way to calculate whether they are getting cheaper food for their money or are actually paying more than they otherwise would. + +Can a price difference be adequately calculated, or is this far too speculative? Because if the taxes paid on food stamps are less than the overall savings made by buying the food cheaper, then I surmise that the person actually benefits from food stamps if only marginally. Thank you! +Other than two major downsides + +1. earning money in X country then spending it in Y country leaving X country empty handed despite enabling the earning in the first place. + +2. more overhead in determining different taxes for different things and categorising them, dealing with appeals, etc. + +I like the idea a lot, coming from a mindset of taxing what we want to discourage and not taxing or even rewarding things we want to encourage. +I've read a few 10ks in my time as a beginner investor like ATVI, BRK, and TSM and I love how personal BRK's letter to the share holder is written in each 10k. It makes the whole thing much more digestible knowing that Buffett wants me to understand his business and isn't trying to hide anything, so I don't have to second guess things I read later on. + +I wanted to know if there are other companies' 10k that you would recommend reading because of either : + +1. Transparency of the owners +2. Ease of a sector + + +TIA +Hello r/ValueInvesting! + +This is the third time I've provided these updates now, so I hope they're uncovering some stocks to add to your watchlists. If you have any requests or feedback, do let me know! + +The criteria are detailed on the [BuffettScore.com](https://BuffettScore.com) about page, but here's a quick list: + +* Does the company have consistent earnings? +* Does the company have manageable debt? +* Does the company have a high return on equity? +* Does the company have a high return on invested capital? +* Is company cash-flow profitable? +* Is the company retiring shares outstanding? +* Does the company have an earnings yield greater than the 10yr treasury? +* Does the company have an expected rate of return over 12%? +* Finally, are the cash flows outsized? + +# The New Stocks + +These stocks check all the boxes above, but didn't last month: + +* AME - AMETEK +* CRUS - Cirrus Logic +* CRVL - CorVel Corporation +* EMR - Emerson Electric +* EVR - Evercore +* GNRC - Generac Holdings +* HCKT - The Hackett Group +* ITW - Illinois Tool Works +* LFVN - LifeVantage Corporation +* LH - Laboratory Corporation of America +* ODFL - Old Dominion Freight Line +* STLD - Steel Dynamics +* TPL - Texas Pacific Land +* WOR - Worthington Industries + +# The Stocks Removed + +These stocks checked all nine boxes last month, but no longer do and have been removed from the list: + +* AVY - Avery Dennison +* CERN - Cerner Corporation +* EGRX - Eagle Pharmaceuticals +* HII - Huntington Ingalls Industries +* HUM - Humana +* MGA - Magna International +* MPX - Marine Products +* PETS - PetMed Express +* ROK - Rockwell Automation +* ROL - Rollins +* XLNX - Xilinx + +# Full List? + +The full list of stocks that check all the boxes can be seen on the [BuffettScore.com](https://BuffettScore.com) homepage. There's usually about 100 stocks that pass all criteria out of 6,000+ that I check. There's also a newsletter if you'd like monthly updates delivered. + +# Feedback? Things You'd Like To See? + +Let me know. The community here has driven a few updates to the site, and I'd love to hear how I can make this project more useful for others. +**When looking for mispriced securities, it helps to know where to begin your search.** + +Stock screeners for financial metrics can be a good start. However, screening has become so easy and value metrics exposed to anyone who can watch YouTube. I worry that screens will often return value traps - stocks that appear cheap, but are actually deeply flawed businesses, price rationally discounted by investors. + +I am personally skeptical of DCF models for a similar reason, namely that anyone can run them and the result you get out is largely shaped by the inputs you put in. GIGO. + +However, **there are definitely still mispriced securities out there** - it just requires looking in places that others will not, taking advantage of blind spots held by big institutions. + +For each of these, I'll explain why I think there is potential for mispricing, and a few pitfalls to avoid as you go looking. + +So, in no particular order... + +**#1. Small cap stocks with low float or minimal trading volume.** Simply enough, a company worth $500M that trades 40,000 shares per day is not in the investable universe for big fund managers. It's not worth their time to add as a 0.001% position in a big fund, but could be good for the small investor. + +The pitfall is that many small companies are small for a reason and will never get big (value traps). The quality of financial reporting may also be poor, requiring a lot of research to understand them. + +I'd suggest limiting to micro-caps that IPO'd or spun off in the past 3-5 years (so there's some excuse for them still to be small, but the hype of any IPO had time to die off). Alternately, I'd want to see some current catalyst toward higher value which the market is already recognizing - as there are MANY MANY companies in this space that are genuinely terrible and must be avoided. + +In the current climate, I'd also add that **being mentioned widely on social media should be an immediate strike** - as pump and dumps are RAMPANT right now. + +One of my favorite spaces to look in micro-caps are well run community banks. + +**#2. Spinoffs.** Buffett, Greenblatt, and Lynch - just to name a few - all agree that this is a potent space for value hunting. Spin offs from larger businesses are granted as a "dividend" to existing holders and often indiscriminately sold, depressing the share price artificially. Additionally, spinning off a division can lead to value creation because management becomes more focused, making the business genuinely better than it was before. + +One pitfall is jumping in too early - in some cases it can take 6-18 months for a spinoff to get its feet underneath it. In other cases a spinoff takes off right away (in the past year: CARR, OTIS, CNXC are examples). + +And, while spinoffs are often let loose with great balance sheets and niche businesses to build, SOMETIMES they're a dumping ground for outdated divisions and loads of debt from the parent - which can lead into value traps if you don't fully research them. + +Useful resource: www.stockspinoffinvesting.com + +**#3. Companies with volatile earnings and a lot of seasonality.** A theory: institutional investors are concerned about RISK ADJUSTED returns and will take lower returns for lower volatility - it makes their stats look better and investors happier. However, if you don't equate risk to volatility in the same way, you can find good businesses which are undesirable to institutions for having choppy earnings, and as a result are potentially underpriced given their actual cash flows. + +My favorite example is Toro (TTC) which makes lawn maintenance and snowblowers and is a fantastically run company, but its earnings are weighted heavily by season which makes it more volatile - but arguably underpriced for that reason. + +The pitfall: don't confuse volatile within-year earnings for economic cyclicals, as you don't want a portfolio full of businesses like steel, oil, autos etc where you can get killed by buying at the top of a cycle and mistaking it for value. + +**#4: Great businesses in crappy industries.** Theory: lots of investing gets done by ETFs, buying whole sectors at a time. If a company is a standout in terms of quality management, competitive advantages, etc but lives in a sector that is widely avoided, it may be underbought. (e.g. I'm deeply invested in a commodity chemical company where I think the management is good, even though the general economics of that industry are bad.) + +Further: companies which don't cleanly fit one industry classification. For example, the insurance industry generally sucks for investors, especially given low interest rates - but title insurers (FNF, FAF) have been doing great, and operate in a little corner of the insurance industry which is more data driven and differentiated, possibly granting some excess returns. But they remain extremely cheap relative to their earnings as they're lumped in with "insurance" or "financials." + +**Hope somebody finds this helpful.** If there are further examples or add-ons to these concepts in where to look for value that I've missed, I'd be interested to hear your thoughts. +Can we all agree that all of the stupid clickbait articles using identity politics have no place on this sub? Mods don't seem to care anymore but for weeks now I see post after post that feel like they belong in /The\_Donald and are simply posted in a sad attempt to push a narrative. Anyone else noticing the same thing? +Long time lurker here and big fan of this subreddit. Me and my wife are in late 30s. I started learning about investing only for last 2-3 years when I was already 35. Before that we were not terrible at spending, but almost clueless in investing. + +We have grown our net worth a lot since then by investing in index funds, saving with more discipline and just by being “aware”. Market has helped too. We are still in good situation, but when I see some of the posts by people at my age or younger who started early and have much more net worth, I almost feel poor. + +I cannot stop agonizing over the past. If I had known what I know now, maybe I could have retired by 50. Now It might be around 60. A few lost years early are really bad for compounding in bull market. I cannot help but running scenarios in excel and agonize over how I could have been so stupid. It doesn’t happen every day, but often enough. I am still relieved that I have the awareness now. “Ignorance is definitely not bliss” when it comes to investing. + +How do people in similar situation deal with this agony over lost time? + +EDIT: Thank you for all the nice comments and upvotes. + +EDIT 2: Wow. So many comments. Good to see I was not alone and this topic resonated with a lot of you. Thank you for everyone who commented and shared their wisdom! + +EDIT 3: Thank you again for all the comments. This topic seems to have hit a nerve. Lot of great feedback and ideas. +I've seen a lot of posts on here recently about asking which ETF is better, whether to buy VYM or SCHD, etc. And I find myself always asking "why not just go into both of them?" Is there a downside to this, do the companies they each contain overlap too much, or is there something else I'm missing? +I'm 20 years old and have fair credit and don't live with my parents. They have terrible credit but live in a house they own worth 140,000 dollars. They are completely broke right now because they make awful financial decisions. + +I'm not smart enough to know what to do about this or if there's a big risk, but my mom asked me today if they could put the house in my name and I could take out a loan on it. She said she would pay the monthly payments out of the loan. Is there any safe way to go about this? She said it's not risky at all, but I assume the fear would be that she wouldn't pay the monthly payments and I would end up getting my credit screwed up and owing money. + +However, she said I would get 5,000 dollars out of it and that money would really help me moving into my own place. +I was reading about HUFs and how they can help in saving taxes. +Does it make sense for a salaried individual like me? +Should one create a separate entity and transfer their assets like stocks or real estate to HUFs name to save on rental income and dividends tax, etc? +Can someone throw more light on what more benifits can someone get with HUFs +I (26F) make 115k a year and live in Boston. I have 60k left on my student loans. 40k of those are at about 7% interest, and the remaining 20k has 4-5%. I have 40k in my savings that I've been planning to throw at them come January 2021 when payments resume. + +My question is this: should I use that 40k for a down payment on a house, or should I continue as I have been on knocking out my loans? + +I live with a few other people, so my rent is <1000. In the past I've been putting 3k a month toward my loans, but I'm now going to start putting 1k toward loans and 2k towards a down payment. Living with four other people is causing me a headache, however, and I'm at the point where I just want to move out. The thing is, getting a studio is about 2k, and with a broker's fee, deposits, etc., it'd cost me around 6-8k just to rent another place solo. That's why I've decided to either buy next September or consider using that 40k for a down payment now and then make a monthly loan payment. The latter doesn't seem feasible, but I wanted to hear others' advice. + +Edit: I'm 28. I had 26k in my head because I was multi tasking when typing and that's the amount I have saved for my emergency fund. +I have been struggling to pay off this $3k in credit card debt that i have been paying interest on. I've been contributing to my 401k for about a year with a $60k salary. Because of COVID-19, i am able to withdraw my money from my 401k without paying any fee (minus 7.75% federal tax). Realistically i wont get this debt paid off for over 3 months. Would this be a good idea? +https://twitter.com/realDonaldTrump/status/983284198046826496?s=09 + +"When a car is sent to the United States from China, there is a Tariff to be paid of 2 1/2%. When a car is sent to China from the United States, there is a Tariff to be paid of 25%.", said Trump. Why does that happen? Is it fair trade? Should it be changed? + + +1. Markets are predictable, the [**efficient market hypothesis**](https://www.investopedia.com/terms/e/efficientmarkethypothesis.asp) **(EMH) is wrong** in general or at least it is wrong on short time scales (from minutes to several days). There are many inefficiencies in the market that can be exploited.  +2. To trade successfully we don’t want to simply react to the market, we want to **predict** its behavior. +3. The majority of the methods (if not all) that try, based on a single asset time series, to identify entry and exit points are reactive and not predictive. They, at best, identify turning points (low and highs for example) in the time series but they are **always late** (delays due to noise filtering is a common cause) and have no predictive power. This also applies to pair trading.  +4. Understanding a related group of assets as a whole is a much more powerful trading strategy. This approach aims to capture changes of multiple assets relative to the others in the group. It is possible to find simple predictive metrics of performance that allow ranking **the assets in an order based on the predictive metrics**. The metrics then can be used to make a prediction on the important future behavior of the assets, again as a whole (for example relative returns in the near future). It is fundamental to demonstrate statistically that the predictive measure can indeed predict the asset's properties in time.  +5. By focusing on the behavior of the group instead of single assets we make a trade-off between capturing the price action of a single asset and how a group of assets organizes as a whole. This means we cannot predict the exact return of an asset (or in some cases even the direction) but we can **identify winners and losers relative to the group**.   +6. Start always from the simplest and intuitive metrics and the relationship between asset properties (the input data is mostly price and secondarily volume) and the quantity we want to optimize (cumulative returns, Sharpe, Sortino, and similar). Add complexity with caution (algorithms with more than 2 parameters are not ideal), **simple ideas from Machine Learning are fine**, black-box systems like intricate, multi-layers Deep Learning algorithms are not.  +7. Make the strategy **adaptive to ever-changing market conditions**. Use walkforwards methods vs static backtesting.  +8. **Continuously monitor** and characterize the trading strategy over time to identify possible problems and inefficiency and signs of alpha-decay. Quickly correct the problems and improve the strategy over time (after collecting enough data to make informed decisions).  +9. **Make several strategies compete with each other by “optimizing”** (using various methods) between them.  + President Joseph Biden signed an executive order directing the Centers for Disease Control (CDC) to [extend its federal eviction moratorium through March 31.](https://www.abc15.com/news/national/bidens-executive-orders-will-extend-student-loan-pause-rejoin-who-stop-border-wall-construction) + +The protections had been set to expire January 31. +It's difficult to get a mortgage when retired (having assets but no employment income). + +Recent commenters ([here](https://old.reddit.com/r/fatFIRE/comments/o6h2t9/level_of_assets_required_to_obtain_a_mortgage_wo/h2sjqhw/) and [here](https://old.reddit.com/r/fatFIRE/comments/od3uzy/using_margin_to_buy_a_house_vs_paying_a_large/h3ybago/)) here were lifesavers. They showed how to get a mortgage with terms and for amounts much better than I could get with an asset depletion mortgage. However the comments lacked details and without a reference trust document, I had to do hours of research to get started. I thought I would save others this time by passing on what I learned and detail the process from start to end. + +I started by creating a Trust Agreement. I am not a lawyer but I combined language from different boiler-plate trust documents to create an agreement written in an optimal way to qualify for a loan. Note that many brokerages require that the Grantor (creator of the trust), Trustee (administrator of trust), and Beneficiary (recipient of benefits from the trust) be the same person. However, note that some states, such as Texas, do not recognize trusts where all 3 are the same person. However, you can define the governing law of the trust to be any state you wish. By having the trustee have the same identity as the grantor, and by being a revocable trust, you can use the SSN of the grantor for the trust, and no additional filings are required when doing taxes, nor are any new tax IDs required so long as the grantor lives and administers the trust. + +Here is the [Trust Agreement](https://docs.google.com/document/d/17u6Lhubtg-4JDupfsi1kCOcgAqfsrN77iTp_KOWqBBE/edit?usp=sharing) I created and used. To edit it, you can go to File > Make a Copy, or alternatively, you may download it as a Word Document. Then you will have your own version, visible only to you, to edit. Simply modify the highlighted text with the details appropriate for you, and update the assets listed under Schedule A. + +The most important section of this trust document for obtaining the loan is the language defining the payment schedule (the top of page 3). To be a conforming loan, your total debt to income ratio (including any existing mortgages (if you don’t sell prior to closing on the new property) and all taxes, insurance, etc.) must be less than 45%. So if your total monthly spend on properties and debts is $10,000/mo, divide $10,000 / 45% = $22,222. Your Trust must therefore define payments of at least this amount to qualify for the loan. To be safe, round it up to say $25,000, and then define it as a quarterly payment of three times the monthly amount, so $75,000. + +The reason to make it quarterly is that according to Fannie Mae’s [Requirements for Trust Income](https://selling-guide.fanniemae.com/Selling-Guide/Origination-thru-Closing/Subpart-B3-Underwriting-Borrowers/Chapter-B3-3-Income-Assessment/Section-B3-3-1-Employment-and-Other-Sources-of-Income/1035647451/B3-3-1-09-Other-Sources-of-Income-12-16-2020.htm#Trust.20Income), the trust agreement or a statement from the trustee must confirm the amount, frequency, and duration of payments, but the payments need only be verified through bank statements if they are received on a monthly basis. By specifying the payments as quarterly, no payment history is required. In addition, he way the trust defines the payment schedule, payments out of the trust are optional, and you can leave those payments invested within trust, so you don’t need to actually withdraw/divest etc. any assets when proving income. You can keep the trust open as long as you wish without liquidating any assets. Powers granted to the trustee also allow taking loans based on the assets, so you could take out a pledged asset loan or margin loan based on the trust assets. + +The next most important section of the trust agreement is funding the trust, which you do by declaring assets you intend to transfer to the trust and then completing the transfer (funding the trust). The assets are defined in Schedule A of the trust, and should define the number of shares, the name of the security, and the account number they are held in prior to funding the trust. + +The total value of these fund assets must be sufficient to fund at least 3 years of payments starting from the date of the mortgage application. If you can, make it enough for 3.5 to 4 years, so you can easily demonstrate to the lender that it is funded to continue for at least the required time. By using this trust document, I was able to obtain approval from all 3 of the lenders I reached out to and it was for a conventional, conforming standard loan. The whole process of creating, and funding the trust, once I printed the pages of the trust agreement, took only a day. + +The following are the exact steps I undertook. Note that I used Charles Schwab as they support trust accounts, and Pledged Asset Lines based on trust accounts, which may be useful to you for paying for closing costs or down payments, or acting as a bridge loan between selling properties, but any brokerage supporting trust accounts should do. + +1. Update the Trust Agreement with your name, address, state, and desired quarterly income level necessary to qualify for the loan. +2. Updated the trust assets with a listing of the shares in your existing (individual) brokerage account which you intended to transfer into the (PAL) Trust account. +3. Print the Trust Agreement, and take it to a [UPS store](https://www.theupsstore.com/tools/find-a-store) which you should call to confirm they have a notary public, and two other witnesses on staff. The whole signing process took 15 minutes. They didn’t read the document, they just sign the signature pages. +4. Scan the signed trust agreement into a single PDF of all pages. +5. Open the PDF and print it as a PDF, but when printing, instead of selecting to print all pages, first specify to print only the first page (the title page), then a second time print just the range of the signature pages. These sets of pages are the only pages that Charles Schwab is interested in seeing as part of the application to create the trust account. They don’t need, and prefer not to see any of the details of the trust agreement. +6. Apply to create a [Trust Account](https://www.schwab.com/trust-account) from this page. I submitted the application for this trust account as well as the PAL account on the weekend, and the next Monday morning both accounts were created, funded and ready to use. The assets automatically transferred from my brokerage account into the PAL Trust account. +7. Apply to create a [Pledged Asset Line](https://www.schwab.com/pledged-asset-line) (PAL) selecting Trust as the account type. If you don’t intend to use a PAL you can skip this step. I chose to create a PAL and have it entirely funded with assets from my existing individual brokerage account. + 1. The default interest rate on the PAL is not ideal. You can call the pledged asset line number (at 800-838-6573 from 8:30 am - 8:00 pm ET, Monday - Friday) and negotiate for a better rate by comparing to the rate you see from [Interactive Brokers](https://www.interactivebrokers.com/en/index.php?f=46376) which is a spread based on LIBOR. They get back to you within a day or two with a newly negotiated rate. + 2. I created a [schwab one checking account](https://client.schwab.com/secure/cc/service/open_account/investor_checking_schwab_one), and after a day or so I was able to move funds from the PAL directly into the checking account via the [online transfer form](https://client.schwab.com/Areas/Service/Transfers/Index.aspx). They allow loans of up to 70% of the value of assets in the account. +8. To create proof of the funds in the trust. There are two methods you can use: + 1. The first is to generate a balance letter, which charles schwab will generate on the fly through [this page](https://client.schwab.com/Apps/accounts/balanceletters/#/balanceletters). Just input an amount necessary to prove at least 3 years of funding based on the payment rate. It will generate a PDF that looks [like this](https://archive.is/SpQUm). + 2. My lender was not satisfied by the balance letter and requested two months of account statements as well. Since this was a new account, I provided a PDF printout of [positions](https://client.schwab.com/Areas/Accounts/Positions) for the account, as well as two months' statement history from the accounts that sourced the funds in the trust. + 3. My lender e-mailed me asking what I could provide to verify “The amount, frequency, and duration of the trust income for must be verified the borrower by the Trust Agreement or by the trustee's statement confirming the amount, frequency, and duration of payments. This income cannot be used for qualifying unless it will continue for at least three years.” + 1. I replied with the statements, position print out, balance letter, and wrote: “The Trust Document (page 3) specifies the amount and frequency of the payments (totaling $250K per year). The statement letter from charles schwab indicates the trust is sufficiently funded for the payments to continue for at least the next 4 years (as it is presently funded with over $1 million in assets). I am attaching statements from the past two months showing the source of funds used to fund the trust account. I am attaching a print out of the current holdings in that account, but there is not a statement issued for this account yet as the account was just created this month. + 2. The above statement and documentation satisfied the lender. + +A word of caution: using this technique can qualify you for a mortgage up to 10X larger than what a conventional asset depletion mortgage allows. This is because for asset based loans, income is calculated by dividing the assets over 360 months. This method proves income by by dividing trust assets over just 36 months. To make sure you don’t buy more house than you can afford when you are FIREed, a rule of thumb is to take the total value of your total invested/income producing assets, and divide it by 800. The result should define a relatively safe cap for the most you should spend on housing per month. This 800 number is derived from 1/(3.5% SWR \* 43% DTI \* (1/12)). If your monthly mortgage/taxes/insurance are much more than your assets/800, you may be spending too large of a fraction of your safe withdrawal rate on housing. +The psychology behind investing is quite interesting because for a lot of ideas there’s often a counter argument, the most common and major one is when to buy/sell a stock. There’s no doubt that when people buy a stock, they want it to go up because everybody wants gains, but what is hard to consider is that if the market goes down and your stock goes down then if you’re a long-term investor this gives you the chance to buy more and make more gains in the future. Everybody knows the phrase of buy low, sell high, but figuring out what is low and what is high is where the real game begins. + +First, I want to look at bull and bear markets, now for us retail investors who can dump our capital into one stock and not have much impact there’s not really an excuse long term to be over committed when markets appear inflated or under invested when the markets have sunk for a short-term reason. Now as with the majority of reasons here I’m focusing on mid to long term investing, because if you’re doing short-term investing obviously this changes the formula. For example, if the markets seem undervalued there’s very little reason to be heavy on cash and vice versa, but can you think of an example where this would happen? Well fund managers! A fund manager has clients who will react emotionally and want to sell out during bear markets and buy back in during bull markets, this means they end up with the worst of both worlds. A great example of this is the recent march crash when the government let you take out super annuation if you could show you needed it or provide some nonsense excuse. Now your super gets split between bonds, stocks, and other safe shit but my point is people took it out during the bottom and if they had just waited its most likely the returns would have outdone whatever they spent it on unless it was debt with higher interest rates or something of that sort. + +The next thing I want to do is compare the property psychology to stocks. Now when you have a property you don’t call up the real estate agent everyday to get a valuation because you know it doesn’t matter and that day to day not much is going to change, so why worry about what happens in the market every 2 seconds? We all know that the more you check a stock doesn’t mean the stock will go up any higher, but if anything, it will just make you want to consider buying/selling seeing all this happening. An example they use in the Intelligent Investor is that pretend the market (Tom) has bi-polar because some days Tom is extremely fearful, and some days Tom is overly happy. Now if you believe your stock is worth $15 and everyday Tom offers you around that $10 level you have no reason to take much action, because you believe the stock should go up. So, the next day Tom is depressed because he ran out of tacos and offers you $9, then the next week its $8.50 and then a month later its all the way down to $7. Would you sell? Well, no, the stocks worth $15, why bother selling for almost half the value, you would be better off buying the stock. Now let’s say Tom realises he can buy tacos and he gets really happy and starts offering you $11, $12, and so on and a few months later he’s offering you $20 for your stocks, well then it is worth considering selling a percentage of the stock because you can see its overvalued. This brings me to my next point which is we are more likely to do something if the person next to us is doing it too. + +The next one is related to Technical Analysis!! Which is all about psychology, but the key thing is us as people like to find a pattern in everything, especially if it helps confirm our beliefs. The intelligent investor covers this and mentions multiple studies in which if people were shown random data and told it was random, they would struggle to find any pattern at all, but then when people were told there’s a pattern, they just need to find, all of a sudden people were able to find patterns in this random data. Now this is the same for stocks, the book talks about that if people see the same data 3 times, they will use that as a pattern and would be willing to rely on it happening again, even though there���s not necessarily any logical reasoning for it. Now I’m not saying if a stock is in a trading range for example don’t just dismiss resistance and support levels, but what I am saying is data can be manipulated, especially the stock price to paint a certain picture but always try look at it from a neutral perspective, or maybe even try find reasons for why the pattern doesn’t work within the stock. + +Now if we know that you can find a pattern in anything, we should also know not to buy a stock for one reason and sell for another. A key example for me is WPL, I bought because the stock typically tracks the oil price historically, and this year there’s a major gap and I believe its not warranted and that the stock will eventually rise back up to catch it. Now I could also make a case for selling the stock in terms of the stock having a declining eps and roe and other fundamental issues, but that’s not why I bought it. You could do this for the majority of stocks on the ASX, find one reason to buy and a whole new one to sell, but unless your reason for buying and holding has changed then you shouldn’t sell for a completely different reason. I have done this and covered it in my FY recap post where I talk about my biggest mistakes, and this doesn’t mean it won’t happen again but if it’s something you’re conscious about you’re less likely to do it. + +A common issue I see on the sub is everyone FOMOing and trying to jump on every rocket, now sure this might work occasionally but you don’t need to jump on every rocket, you just need to avoid the ones who come crashing back down to earth. If we look at Afterpay, you could have made a fortune the last few months if you could predict the highs and lows and trends, however is the risk worth taking? What if you got it wrong? I made the most money from Afterpay out of any stock in 2019 just trading it, but this year I can’t see how to predict the constant changes, hence I’m happy to just sit on the sideline and enjoy the show. The current prime example is GME and AMC on the US markets, there’s always going to be another rocket but if you run out of capital you have no way of taking advantage of it. Buffett likes to look at it in terms of baseball where if you strike out 3 times you are out, in the stock market you can wait and wait and only swing at a stock once you’re confident you can hit a home run on, so there’s no reason for you to strike out. + +The last one I want to look at is making sure you don’t compare yourself to the person next to you. Now this is one I’ve heard of before but ignored because you can use it as motivation to help make yourself better, but Buffett discussed it in his 2021 shareholder meeting this year. He talked about how if people were making $200k a year they were happy, but as soon as they found out the person next to them made $201k they would complain because they wanted what the person next to them was having, now this in a logical way of thinking is stupid. You don’t know what they’ve done or why they get the extra 1 thousand, just like in stocks if someone has 40% returns and you only have 15% it doesn’t mean you should start copying their strategy if you’re happy with your 15% returns. A real-world example is in the late 90’s early 2000’s when Buffett was making small gains/losses each year, whereas some fund managers were making ridiculous returns in the late 90’s due to their exposure to tech. But by the early 2000’s a lot either went to shit or performed much worse than Buffett and as we now know Berkshire Hathaway is a monster in terms of size. So, if you’re happy with your 10% gains each year then celebrate, don’t be annoyed harry next to you had 20%. + +Now, a lot of this is my opinion but also what has happened historically in the markets. If you want more info on the psychology of investing there are multiple books which you can read on general psychology or market psychology to learn more and form your own opinions. +I've mentioned previously that I don't like to look too far ahead, so this deals with 2022 only. +I talked about how I expected prices to rise into the Chinese New Year in [other posts](https://www.reddit.com/r/ASX_Bets/comments/oz28m2/comment/h7zyjnu/?utm_source=share&utm_medium=web2x&context=3), which I'm now thinking could draw out longer. During the last run, the lithium carbonate spot price stayed at US$19k/t or higher for 2.5 years. + +It's easiest to do this as a rebuttal to the most pessimistic lithium analyst: Morgan Stanley. +Here's their report: + +https://preview.redd.it/8gsmvk96fxv71.jpg?width=1073&format=pjpg&auto=webp&s=b6f4fc9d868a975b35bae654f7ec6cb13dbdb3d4 + +MS don't include annual overall battery grade lithium carbonate equivalent (LCE) demand totals.They are: + +* **2020:** \~300,000 tonnes +* **2021:** \~460,000 tonnes (MS's 53% increase estimate) +* **2022:** \~566,000 tonnes (MS's 23% increase estimate) + +In 2021, the market has moved into a suspected 10-20k tonne undersupply. +Using the lower end of that range to be conservative, and adding it to the 2022 MS forecast of 106,000 additional tonnes of demand, I get: +10,000 + 106,000 tonnes = 116,000 of unmet LCE demand in 2022. + +MS identifies the following sources of notable supply: + +* Kwinana (Tianqi & IGO @ Greenbushes) +* Ngungaju (PLS plant 2) +* Wodgina (MIN & Albemarle) +* Atacama (SQM) + +They seem to be lumping the Greenbushes tailings retreatment plant (TRP) into the Kwinana category, so I'm going to increase their 22ktpa supply forecast to 34ktpa (assume 10% failure rate). This accounts for the TRP being introduced to the market as either spodumene or lithium hydroxide. + +There are 2 glaring omissions for Albemarle: Silver Peak & La Negra. Last year, Albemarle stated they were bringing on 40ktpa of LCE in 2022. That was revised downwards in their most recent [earnings call](https://www.fool.com/earnings/call-transcripts/2021/08/05/albemarle-alb-q2-2021-earnings-call-transcript/): + +>**Joel Jackson (BMO Capital Markets analyst)** +I think you talked about maybe gaining about 30,000 tonnes LCE volume for next year with the different expansion ramping on. Kemerton 2 has delayed a few months maybe you've been pushing it a little more tolling now this year. Is it about 30,000 tonnes still the right number for next year? +> +>**Eric Norris (Albemarle President)** +So, Joel, I mean, I think it's -- you have to break it down. First of all, I don't think we've said 30,000 tonnes. We've talked about ramp rates on plants. So the Kemerton plant with a start-up in the early part of next year, there is a three-month delay to the second unit.We've talked about getting to full run-rate capacity by the end of the second year in that facility. Similarly, in carbonate, you'd see a phenomenon that is somewhat like that. I would say our run rate for carbonate by the end of '22 will probably be at the 30,000 run-rate basis at the end of the year, that ramps. It's a little bit different, ramping brine versus spodumene because Brian is obviously a harvested material versus a fixed input.But that roughly should -- between those two should be able to calculate sort of our guidance. The change would be a slight delay at Kemerton. And then a year-on-year growth that we can achieve in tolling. And that's going to be it's harder for us to predict now because it's a function of what's available in the market for us to toll with. +> +>**Kent Masters (Albemarle Chief Executive Officer)** +Yes. It's also a function of how fast we ramp up, right, so how well commissioning goes. And then there's -- when you'll commission, you'll be able to make products, but at lower rates, and that will ramp up over time, and it's how well we do in that ramp curve. And it's hard to speculate on that. + +Tolling refers to the practice of supplying product to rivals (balancing under/overproduction between them). It's murky, but the gist seems to be "expect up to 30ktpa of LCE some time in 2022". + +With regard to the recently announced [Wodgina restart](https://clients3.weblink.com.au/pdf/MIN/02440344.pdf), I've spoken previously about [qualification periods](https://www.reddit.com/r/ASX_Bets/comments/qd3h5c/comment/hhkmtre/?utm_source=share&utm_medium=web2x&context=3). That *should* prevent Wodgina product from impacting the market in 2022. However, that qualification period won't be necessary if they sell spodumene on the market. The MIN/ALB joint venture hasn't clarified anything yet, and their strategy will probably define the lithium supply/demand balance for 2022. + +As LCE facilities don't run at full capacity, a 10% penalty will be applied to all of these sources of new supply for 2022: + +* 17,000tpa by H1 2022 (PLS Ngungaju) +* 34,000tpa by H1 2022 (Greenbushes TRP (IGO/Tianqi/ALB) +* 27,000tpa by H2 2022 (La Negra & Silver Peak Albemarle projects) +* 40,000tpa by H2 2022 (SQM) +* 30,000tpa by Q3 2022 (Wodgina) **\[unlikely sale of spodumene product\]** +* 00,000tpa by Q4 2022 (CXO commissioning) +* 00,000tpa by Q4 2022 (AGY commissioning/qualification) +* 00,000tpa by Q4 2022 (Lithium Americas commissioning/qualification) +* 00,000tpa by Q4 2022 (PLS construction of 100ktpa expansion) + +So 17 + 34 + 27 + 40 = 118,000 tonnes of optimistically predicted supply coming online to satisfy a conservative 116,000 gap. + +Morgan Stanley originally predicted H2 2022 Chinese spot prices at US$8k/t. They've now moved to US$13k/t in this latest assessment. Their thesis rests solely on the Wodgina decision, IMO. Regardless, Kemerton can't come online properly before Q3 2022. Throughout the year, demand will come in chunks, but when is uncertain. +Though I originally somewhat agreed with MS's argument of prices calming from Q2 2022, I think it's doubtful now. I don't see any huge downward pressure between March and June '22, unless a big player has been stockpiling behind the scenes, which is unlikely. + +Morgan Stanley's forecast of US$19,500/t for the current quarter has been swept aside. Prices are broadly hovering at about US$30k/t: + +[Chinese lithium carbonate spot prices over 2+ weeks \(RMB\/t\)](https://preview.redd.it/j3txtkijxnx71.jpg?width=1839&format=pjpg&auto=webp&s=57992c11c3bf1e5b5fab6b3f97f2cbaf58eb8ef3) + +I suggest that anyone with serious investments in lithium should be watching [these prices](http://tsl.100ppi.com/), rather than using reporting agencies on a two week delay. Sharp movements can happen in days. + +If prices do retreat, it may have serious consequences for stocks that are operating at outrageous PEs (relative to the mining sector). I'll adjust my peer comparison table PEs when I see softness. +For hard rock producers, I believe moving up the [chain](https://www.reddit.com/r/ASX_Bets/comments/qclw98/comment/hhh0tx3/?utm_source=share&utm_medium=web2x&context=3) to midstream or downstream processing, [as PLS have done](http://www.pilbaraminerals.com.au/site/PDF/10a8e50d-e409-4c8e-912e-77c57fa63fef/PilbaraMineralsFinalisesAgreementsforPOSCODSJV), is critical to counter potential pricing weakness. The brines should be more resilient. + +There's been valid criticism on here that some/many lithium specs have run too hard, which I agree with in theory, but don't necessarily expect that they'll show much weakness this year without a catalyst. +In general, I'm against blanket statements like 'lithium has peaked'. Stagnating/retreating prices should adversely affect most stocks, but I think well chosen specs should still bloom in an environment where spot prices are above US$20k/t. Of course, the market is sentiment driven, and events like Evergrande could have a notable impact. + +**Why I think MIN & ALB won't sell spodumene:** +Albermarle control 60% of the MARBL JV, so selling Wodgina spodumene on the market at US$1500/t would see them make no more than about US$150mill pa. +They plan to have 125ktpa of LCE capacity by the end of 2022. A decline of US$1500/t in the LCE price would erase the entirety of their net profit from the spodumene. +And if Wodgina spod were to bring the market into slight oversupply in 2022, it would result in a larger LCE drop than US$1500/t. They'd be mad to do it. + +**Edit:** updated lithium carbonate spot prices +Hey everyone + +So finally I’ve paid up, entered all my debts (£105,000) and paid the fees and completed the application. What’s next? How long does it usually take to get a letter for approval? + +Thanks everyone for reading and have a good week! +Hi guys, + + +It is a sinking feeling to know that I have lost around 26k USD in forex till date. This is almost 12% of my current net worth so it is SIGNIFICANT. +I understand most retail traders lose money in forex, so shall I pull out of it? +**Join the telegram, devs are always available:** [**https://t.me/kilimanjaro\_community**](https://t.me/kilimanjaro_community) + +**Check the website:** [**https://kilimanjaro.finance**](https://kilimanjaro.finance/) + +**💵 BUY ON PANCAKE SWAP:** + +[**https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8**](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8) + +**\*** Set slippage to 6% + +================================================= + +After yesterday's crazy lottery, today $KILI **rewarded three lucky holders with a total of 6000 USD** worth of $KILI. + +Also, In the two weeks since the release, **$KILIMANJARO** has rewarded holders with **more than 130.000 USD in $KILI tokens. 🤑🤑🤑** + +The initial supply **was 1.000.000 tokens** and in **just two weeks** it has **burned 109k tokens**, leaving a **total of just 891.000 tokens**. Get in before it's too late! This is going to the moon! Take advantage of the dips after the lottery! + +**HOW $KILI WORKS?** + +Aggressive lottery token that applies a **5% tax to each transaction**. + +* 2.5% is automatically burned 🔥🔥🔥 +* 2.5% goes into the lottery pool. + +The lottery is **automatically** **triggered every day** directly by contract and selects **three holders**. If the amount of $KILI tokens that the winner holds surpasses the reward received, they get the full reward. If not, the holder only gets 50% of the reward and the other 50% is burned! + +**The funds are automatically sent to your wallet.** + +To **participate in the daily lottery**, you **only need to buy and hold 100 KILI**. Once you've done that, you'll participate in the lottery as long as you don't sell. + +**🔒🔒 COMPLETELY SECURE 🔒🔒** + +* [Audit by Solidity Shield](https://kilimanjaro.finance/documentation/audit.pdf) +* [Liquidity Locked by Unicrypt](https://unicrypt.network/amm/pancake/pair/0x6d38bc32c9bc4b3193f13ee03cee739a3edd3aea) +* [Dev and Marketing tokens locked by team.finance](https://team.finance/view-coin/0x865d0c78d08BD6e5f0db6BCbF36d3F8EB4ad48F8?name=KilimanjaroToken&symbol=KILI) +With the fear of delayed paychecks it was eye opening to see/hear coworkers talk about the all taboo topic of money Monday. The number of 30+ year old well educated (and well paid) colleagues that realized they have saved too little and spend too much each month was eye opening. Talks of selling cars and boats if the shutdown continued because “they can’t afford them”. I felt blessed to have been taught by my parents how to save money and to have found this sub. So...thanks guys. +I am setting up Roth IRA's for my wife and myself and we will be max contributing for 2020 and 2021 for both accounts next week. We are in our early 30's and are using these accounts for tax free growth towards retirement. We do not mind aggressive risk but also want to make sure we are diversified enough with at least half of each account invested into safer options. We do not plan on touching these accounts until retirement except for max contributing each year. + +How does the following allocations look? + +* 25% VTI +* 25% VUG +* 15% EMQQ +* 15% ARKK +* 10% PRNT +* 10% BETZ + +Would it be wiser to go with a different allocation of funds for the second account? + +Any advice would be greatly appreciated! Rip it apart! + +\*Edit: proofreading my fat thumbs typing on my phone +Honestly. + +I'm a canadian business owner. I'm a canadian resident and taxpayer. I am a canadian home owner. + +Who is going to pay the debt? + +My city is going deep in debt, my province is going deep in debt, my country is going deep in debt, corporate canada is going deep in debt, canadian individuals are deep in debt. + +How is this paid back? With everyone busy paying back debt, does that not reduce companies income (which intrinsically reduces profits>which reduces employment and tax payments>which reduces the amount individuals that pay taxes > which increases government handouts > which causes extra strain on tax-payers.) + +I am not sure I am wanting to pay off the debt. I am not sure canada should have been increasing the deficits after the financial crisis. I am not sure the federal, municipal, provincial governments had to all uniformly increase deficits. I am not sure I am wanting to pay off this double down debt. This debt is not going towards innovation, and incidentally goes towards asset inflation. I am not sure I am wanting to pay off a debt I would not take myself. +**TL:DR; after doing two polls and comparing to another user's results, I estimate superstonk users own between 27 million and 35 million shares of GME.** + +**Edit: A very large point of misunderstanding is that the average shares are too high. In statistics, averages are easily skewed by outliers. For example, you have two groups: 3,3,3,2,4,2,4,3 and another 0,0,1,2,10,2,3,4. The average of both is 3. People have said it's impossible for the average person to own $25-30k worth of shares. I agree. In this study, 70% of the respondents own less than the average number of shares. The median user here owns 54 shares. This means that 50% of users here own $9000 or less (based on a stock price of $170)** + +This is my last post (probably...) about the survey research I've done. I actually have work to do which I'm putting off for this, and I really have to get back to it. If anyone else wants to play around with it, the data is available in my previous post. + +First post:https://www.reddit.com/r/Superstonk/comments/mwziwn/users_of_superstonk_own_at_minimum_9_million/ + +Previous post: https://www.reddit.com/r/Superstonk/comments/myaxaw/update_retail_users_own_at_absolute_minimum_138/ + +**Introduction** + +There have been many opportunities for short sellers to cover their short positions since January, and it has been speculated many times this is the case. Publicly available data, such as SI%, have also predicted a decline from over 140% to around 20-40% recently. Adding to this, institutional ownership has been predicted to be around 137% on current bloomberg terminal updates (https://www.reddit.com/r/DDintoGME/comments/mz6zq1/26042021_gme_bloomberg_terminal_information/). But as of yet, and remains to be a crucial variable, is that retail ownership remains a mystery. It has been heavily speculated to be much greater than GME issued shares. Previously, I made a survey to estimate retail ownership. Since last time, I added another poll. The first poll I was unsure of how accurate (possibly because of trolling) the 500-1000 and >1000 categories were. I also tried to extrapolate the results to all of retail. To account for this I removed the 500-1000 and >1000 categories. Some users pointed out that even if I remove those groups, it's still comparing two different populations as we have little general retail data. They were valid arguments. Instead, I'm now making inferences only for superstonk users. The other issue with my first poll was overcrowding of the 100-500 groups and absence of a 0 share group. After splitting these into more groups and adding the 0 group, I see a more normal-like distribution of responses. Using a frequency distribution (https://www.spss-tutorials.com/frequency-distribution-what-is-it/), which is a type of statistical binning or histogram (https://en.wikipedia.org/wiki/Histogram), to predict superstonk ownership, I provide an estimate that superstonk GME ownership is at minimum 27 million shares, upwards of 35 million. + +**Results** + +*Respondent Bin Distributions* + + +Group | Respondents | Percentage +:-- | :--: | --: +0 | 4 | 0.250312891 +1 to 5 | 87 | 5.444305382 +6 to 10 | 106 | 6.633291615 +11 to 15 | 113 | 7.071339174 +16 to 20 | 90 | 5.63204005 +21 to 30 | 151 | 9.44931164 +31 to 50 | 199 | 12.45306633 +51 to 100 | 278 | 17.39674593 +101 to 150 | 159 | 9.949937422 +151 to 200 | 72 | 4.50563204 +201 to 300 | 106 | 6.633291615 +301 to 400 | 52 | 3.254067584 +401 to 500 | 43 | 2.690863579 +501 to 750 | 44 | 2.753441802 +751 to 1000 | 31 | 1.939924906 +>1000 | 63 | 3.942428035 +Total | 1598 | 100 + +Based on bin sizes and ranges within them, the 11 to 15 bin had the highest representation. In the bins as a whole, the highest number of respondents had between 51 to 100 shares, with 31 to 50 being the next largest bin. + + +*Estimation of 200,000 person population* + + +Group | 200000 people | Shares min | Shares max +:-- | :--: | :--: |--: +0 | 500.6257822 | 0 | 0 +1 to 5 | 10888.61076 | 10888.61076 | 54443.05382 +6 to 10 | 13266.58323 | 79599.49937 | 132665.8323 +11 to 15 | 14142.67835 | 155569.4618 | 212140.1752 +16 to 20 | 11264.0801 | 180225.2816 | 225281.602 +21 to 30 | 18898.62328 | 396871.0889 | 566958.6984 +31 to 50 | 24906.13267 | 772090.1126 | 1245306.633 +51 to 100 | 34793.49186 | 1774468.085 | 3479349.186 +101 to 150 | 19899.87484 | 2009887.359 | 2984981.227 +151 to 200 | 9011.26408 | 1360700.876 | 1802252.816 +201 to 300 | 13266.58323 | 2666583.229 | 3979974.969 +301 to 400 | 6508.135169 | 1958948.686 | 2603254.068 +401 to 500 | 5381.727159 | 2158072.591 | 2690863.579 +501 to 750 | 5506.883605 | 2758948.686 | 4130162.703 +751 to 1000 | 3879.849812 | 2913767.209 | 3879849.812 +>1000 | 7884.85607 | 7884856.07 | 7884856.07 +Total | 200000 | 27081476.85 | 35872340.43 + +Using the results of the bins, it appears that superstonk users alone own 27.1 million to 35.9 million shares of GME. + +**Average share ownership of Superstonk users = 27081476/200,000** to **35872340/200,000** +** = 135 - 179 shares/person** + +Using the data provided from the poll, I estimate Superstonk users own, on average, 135-179 shares per person. + +Edit: The median value is 54. This may be a better representation of the "mid-point" of the data. + + + +**Comparison to other studies** + +In another sampling method using direct share input and combing these into 5 ownership bins, /u/Kalaeman used a sample size of over 2000 to predict that the average superstonk user has around 166 shares (+/- 13) and the median user has 19 shares. Using this data to infer the population, they predicted that from 200,000 superstonk users, 33,200,000 +/- 2,668.433 shares are owned by users alone. Comparing this to my prediction of 27.08M - 35.9M million, I can't help but notice the value fits exactly inside my range... https://www.reddit.com/r/Superstonk/comments/mylv9k/1_billion_share_owned_by_retail_confirmed/ + +/u/haydoboyo used 14A filing information to predict retail ownings and speculated that, if retail owns at least 3 shares each, the free float is owned. https://www.reddit.com/r/Superstonk/comments/mxkwlb/double_the_short_interest_half_the_anxiety/ + +/u/InForTheSqueeze also used measurements from the GME 14A release and from brokers to estimate retail ownership. Although there are speculations in these, they support the findings of my study. https://www.reddit.com/r/Superstonk/comments/mxrdcb/updated_dd_i_did_the_math_there_is_literally_no/ + + /u/DiamondsApes a month ago looked at broker information to estimate retail ownership as well. https://www.reddit.com/r/GME/comments/m54vpq/serious_dd_retail_ownership_using_public_data/ + +/u/thedav1d 1 month ago also predicted retail ownership including options. https://www.reddit.com/r/GME/comments/mduj5t/dd_why_retail_is_holding_far_more_shares_than/ + +/u/brocaa used AI (which is a fancy word for regression analysis) to estimate the number of FTDs hidden by deep ITM options, and predicted around 140M. https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/ + +/u/eastrod, building on work by /u/defj2 (https://www.reddit.com/r/Superstonk/comments/mz7c7h/put_anomalies_pt1_were_127_million_synthetic/), predicted that around 1.09 million puts were possibly used to reset 109 million FTD https://www.reddit.com/r/Superstonk/comments/mzgtvx/a_method_for_hiding_ftds_that_uses_the_109mil/ + + +/u/33a also shared their findings: + +Estimate based on comparison to other securities and general buying patterns https://old.reddit.com/r/Superstonk/comments/mwn95o/retail_is_the_whale/ + +Estimate based on fidelity order volume and level 2 order sizes https://old.reddit.com/r/GME/comments/msyhlq/fidelity_users_purchased_about_61_million_more/ + + +/u/ColonelOfWisdom speculated, with relevant information, that hedge funds had plenty of opportunities to close their short positions leading up until now. However, these methods offer the *opportunity* for these events to happen, not *proof* they happened https://www.reddit.com/r/GME_Meltdown_DD/comments/mxj6a9/faqs_about_the_gme_situation/. Support for their argument came from the diminishing of reported SI% from 140% to 20-40% as of last filing. + +https://iamnotafinancialadvisor.com/GME/, who originally predicted the FTD squeeze and how uncoiling the spring is a possibility, predicts that based on current trends of reported FTDs, the FTD cycle is diminishing and a squeeze is statistically unlikely. However, based on information here, it is entirely possible that the FTD cycle peaks are diminishing because of FTDs being hidden. + +And lastly, SI% has been around 20 - 40% (https://www.marketwatch.com/investing/stock/gme - https://finance.yahoo.com/quote/GME/key-statistics/). However, as mentioned, SI% can be hidden in options and through other methods. + + +Now, the first question on your mind is: "can't users just mess with the results? I mean, that's what I would do. Polls are useless anyway." I would agree this is possible. For example, in my two polls, the percentage of respondents for each group changed a maxmimum of 2% over each bin. For large bins, this doesn't affect the results much. But over smaller bins with high underlying values (the >1000 bin, for example) the 2% is a large change. However, the underlying findings remain the same for either poll and for the other presented by /u/Kalaeman, reducing the likelihood of tampering. + + +**Methods** + +I used a poll to estimate superstonk GME ownership using strawpoll. Original poll is available here: https://www.strawpoll.me/42979202/r and the newest poll is available here: https://www.strawpoll.me/44432640/r. The settings were such that each IP address was only allowed to vote once, and Captchas were in place to prevent bots from interfering with results. The polls had 1200 and 1598 respondents, respectively. To try and minimize observation bias, such as through trolling, manipulation, or other means, I used a frequency binning method. Bin sizes were determined based on the first study to minimize overcrowding of bins. Frequencies observed from the 1598 sub sample were used to infer the ownership from 200,000 superstonk users. Average share ownership was calculated as **predicted total shares / 200,000**. At 1598 users, the margin of error was calculated to be approximately 2%. + +Edit: Some people have asked about how I calculated margin of error, so here it is. I did it two ways: A quick and dirty method where ME = Z X std.dev / sqrt(N). Note that although this gives you a general idea, it is meant to be applied to continuous data, not discrete data like mine is. The other method for margin of error, and the one I used, was calculated as such: For each bin, the formula ME = Z X sqrt((P(1-P))/N) where P = number of 'successes' or number of respondents in that bin, Z was the critical value for a 95% confidence interval (=1.96), and N is the total sample size. The bin with the the highest margin of error was the 51-100 bin, so it's value was used (1.54%) and rounded to 2% to be conservative. + + +**Conclusion** + +**After comparing the results of three different surveys, all placed the number of shares owned by supserstonk users from 27M - 35M.** + +I don't know what overall retail ownership is (although there have been predictions), but from superstonk users alone, it seems the free float is owned. Now, the question everyone wants answered: "Will this moon? When?" I don't know the answer to either question. But considering that the remaining free float is predicted to be 26-30 million ish and superstonk alone owns that much, I think it's safe to assume GME is significantly oversold. What should you do? Fuck if I know. The data here isn't telling you what to do, rather providing you with information to decide for yourself what fits your investing goals best. And of course, if you have any comments or criticisms, I'm all ears to them! I'll probably argue with you, but if you convince me with a good argument, I'll (hopefully) listen to your criticisms. + +I’m finally at a place where I’m making decent money. I want to get my own apartment but I really don’t feel confident with my calculations on how much I can comfortably spend on rent. Especially because I make majority of my income on tips which obviously fluctuates. I’m calculating based off of the lowest amount I can foresee myself making per month during slow times. But regardless of just that it’s been awhile since I’ve had to figure this out and could use some guidance. +For example if your someone that likes to travel a few times a year do you need to factor that into savings? I’m not sure how to calculate that kind of thing into rent and overall budgeting. +I am a 15 year old in high school and I recently got $125, I don't just want to waste it on clothes or snacks (idk) and I want to find a way to invest this amount somewhere worthwhile. + +Can anyone give me advice on to where I should invest this money and how? + +Thank You, sebasdboss +so I got a car accident 3 weeks ago, so my insurane company sent me to enterprise to get my rental. Yesterday, I returned my car, and the agent told me it is on good conditiom, and returned mt safety deposit. Today, enterprise called me that is hail damage on the rental, and they want me pay for it, so what should i do? I told them to send me any pictures, but they didnt know, is there i need to do, should i pay for the damage? +Copied on my phone so I apologize for the formatting. Credit to u/hunting_snipes for the post. I think this is worth a look! + + +I think BlackRock added something to the Russell prospectuses relating to a MOASS payout? + +I was reading [leavemeanon's post about ETF FTDs etc](https://www.reddit.com/r/Superstonk/comments/nt8t9n/rip_uleavemeanon_where_are_the_shares_part_3/) and, having just seen Burry's tweet from a week? ago about "reading the fine print" being important, the phrase in Part Two "*to the fine print we go*" caught my eye. I love the taste of tinfoil and I thought *maybe leavemeanon was MB...* Then I came across a [related post](https://www.reddit.com/r/Superstonk/comments/ntinqs/a_missing_block_of_text_of_the_original_final/) by u/Freakei who screenshotted a deleted block of text from the original post, the beginning of which reads: + +>You should skim through that IWM prospectus. Especially the 'Creation and Redemption' section. Again, creation/redemption isn't a "one-for-one", *all or nothing* process - AP deposits some pile of \[assets and cash\], and ETF issuer provides \[50,000 ETF shares OR 50,000 underlying shares.\] + +Like a good ape, I go to the Creation and Redemption section of the prospectus, and it points me to the [Statement of Additional Information](https://www.ishares.com/us/literature/sai/sai-ishares-trust-3-31.pdf). Tucked into that section is a subsection called "Redemption of iShares Russell 2000 ETF During Certain Market Conditions." If this pertained solely to GME shares, my Jaques would be Tits, but obviously this just pertains to one ETF of which GME is a part. It could be an ass sandwich entirely, but I'm curious to know why this applies only to the Russell 2000 ETF: + +&#x200B; + +>**Redemption of iShares Russell 2000 ETF During Certain Market Conditions.** By submitting a redemption request, **an Authorized Participant is deemed to represent to the Trust**, consistent with the Authorized Participant Agreement, that (1) **it has the requisite number of shares to deliver** to the Trust to satisfy the redemption request, (2) **such shares have not been loaned or pledged to any other party** and are free and clear of any liens and encumbrances, and (3) i**t will not lend, hypothecate or otherwise encumber the shares** after the submission of the redemption request. These deemed representations are subject to verification under certain circumstances with respect to the iShares Russell 2000 ETF. Specifically, if an Authorized Participant submits a redemption request with respect to the iShares Russell 2000 ETF on a Business Day on which the Trust determines, based on information available to the Trust on such Business Day, that (i) **the short interest of the Fund in the marketplace is greater than or equal to 150%** and (ii) **the orders in the aggregate from all Authorized Participants redeeming Fund shares on such Business Day represent 25% or more of the shares outstanding of the Fund**, such Authorized Participant will be required to verify to the Trust (in a form specified by the Trust) the accuracy of its deemed representations. If, after receiving notice of the verification requirement, the Authorized Participant does not verify the accuracy of its deemed representations in accordance with this requirement, its redemption request will be considered not to have been timely received in proper form. + +The first couple times I read this I assumed "its redemption request will be considered not to have been timely received in proper form" = redemption request denied, and somehow keep hedgies from hiding their FTDs, but now I'm not sure. + +I got excited at first, thinking maybe BlackRock added this as an amendment, since it's last dated to last week, but it also looks like this has been a section in iShares SAIs since at least 2013. Regardless, I'm still so curious why this only applies to the iShares Russell 2000 ETF \[and not the iShares Russell 2000 **Value** or **Growth** ETFs, or any others for that matter\]. + +HOWEVER... + +The [latest SAI](https://www.blackrock.com/us/individual/literature/sai/sai-brindexfunds-smallcapindex-intlindexfunds-us.pdf) for the iShares index funds themselves pertains only to iShares Russell 2000 Small-Cap Index Fund and iShares MSCI EAFE International Index Fund. It includes a Redemption of Shares section **that is unique to this SAI**, last dated April 30, 2021 \[*the day after RC's Mr. Hanky tweet, for anyone who's wearing their tinfoil*\]. + +The first part of that section basically says hey, normally we'll redeem shares for cash, but we have the right to redeem some or all of them in-kind \[securities/assets instead of cash\] **under unusual circumstances** to protect the interests of the remaining shareholders. But we'll do cash if it's less than $250,000 total over three months per person. Hmm, okay... + +The second part says + +>The **right to redeem shares may be suspended** or payment upon **redemption may be delayed** for more than seven days only (i) **for any period during which trading on the NYSE is restricted as determined by the Commission or during which the NYSE is closed (other than customary weekend and holiday closings**), (ii) for **any period during which an emergency exists**, as defined by the Commission, as a result of which disposal of portfolio securities or determination of the NAV of a Fund is not reasonably practicable, or (iii) **for such other periods as the Commission may by order permit for the protection of shareholders** of the Fund. (A Fund may also suspend or postpone the recordation of the transfer of its shares upon the occurrence of any of the foregoing conditions.) + +Iiiiiiiiiinteresting. At first it might sound like they're pulling a Robinhood, but I think especially given the preceding section they're basically looking out for retail and saying we'll give y'all $250,000 but give us some more time The third part says the fund "has entered into **a joint committed line of credit with a syndicate of banks** that is intended to **provide the Fund with a temporary source of cash to be used to meet redemption requests from shareholders in extraordinary or emergency circumstances**." They can also borrow from other funds to meet their redemption requests. + +Last part basically says they can involuntarily redeem shares if a shareholder doesn't fully pay for shares, or if the sh makes a beneficial transaction at the fund's expense, or if not redeeming shares would have adverse consequences for other shareholders. + +I'm also curious about the other fund included in this SAI. I haven't looked into it but it makes me wonder if there's some macro thing going on internationally I don't know about. And obviously, GME is now in the Russell 1000 - so I don't know if this was put in place to affect the rebalancing somehow \[not sure if it would apply there\], or if they were putting redemption clauses in for the MOASS \[in which case I would expect a new SAI to be filed soon\]. + +Unrelated, in my rabbit hole I found that BlackRock almost doubled their fidelity bond insurance in 2019 for a contract that was nine months long \[opposed to the standard twelve\] and I'm wondering what that's all about... + +**TL;DR:** BlackRock is like "we won't pay out your Russell 2000 ETF shares if you're a hedgie with fakes" and filed an addition unique to the Russell 2000 index fund \[+ MSCI EAFE International Index Fund?\]'s prospectus outlining procedures for paying out shareholders enormous amounts of cash under unusual circumstances. + +Curious if any wrinkles have more insight on this or want to ping someone who might! I don't have enough karma for Superstonk so feel free to crosspost if you think there's something worth exploring here. + +Edit from author: “If those stocks were considered "threshold securities" [a number of consecutive days of FTDs in a row] they would be forced to cover on.... July 14” + +Jacques letits! +I am a MF/Index investor but have been looking at individual stock for a few days. ITC is the one that catches my attention the most and it is really a very interesting stock as many of you might agree. Everything good on paper but sin stock + market is not responding to it well. I was thinking of putting some of it in my portfolio as a value stock. + +I am an investor in PPFAS LT and noticed right now that they have a huge 7.99% part of portfolio in ITC only behind Amazon (8.5%). This is from 0% last year. It looks like Thakkar and co. is taking a bet on this high potential but low performer stock which is very interesting. Are they playing with fire? What are your thoughts? + + +[SoftBank Group Corp.](https://www.bloomberg.com/quote/9984:JP) shares tumbled in Tokyo trading after reports that the Japanese conglomerate made substantial bets on equity derivatives amid the surge in technology stocks. + +SoftBank shares dropped as much as 5.4%, the most on an intraday basis since April. The stock had gained 33% this year before Monday. + +The Financial Times, Wall Street Journal and [Zero Hedge](https://www.bloomberg.com/news/terminal/QG8ZJIMB2SJO) reported that SoftBank was making massive bets on technology stocks using equity derivatives. The FT labeled SoftBank the “Nasdaq whale” that “stoked the fevered rally in big tech stocks,” though it didn’t include details of any trading. The FT later reported that SoftBank is sitting on trading gains of about $4 billion after founder Masayoshi Son’s bets on equity derivatives, citing people with direct knowledge of the matter. + + The Japanese conglomerate [said in August](https://www.bloomberg.com/news/articles/2020-08-11/softbank-returns-to-profit-after-record-losses-on-startup-bets) that it was starting a new unit to trade public securities, pushing beyond its traditional base in telecommunications and private startup investments. Bloomberg [reported](https://www.bloomberg.com/news/articles/2020-08-11/softbank-is-said-to-target-over-10-billion-in-public-investing) in August that SoftBank was targeting investments of more than $10 billion, perhaps tens of billions, and would use financing structures that would allow the company to avoid showing up in public disclosures of shareholding. + + + +The Japanese company’s derivatives strategy has been built over the past few months, the FT cited the people as saying, adding that SoftBank has spent about $4 billion on options premiums focused on tech stocks over that time. SoftBank now has large but unrealized profits, and the trades have been deeply controversial even within SoftBank, the newspaper reported. + +SoftBank declined to comment. + +The Wall Street Journal reported that SoftBank spent about $4 billion buying call options on stocks, while also selling call options at higher prices. + + + +The idea that options buyers [could drive extreme rallies](https://www.bloomberg.com/news/articles/2020-09-04/option-traders-flex-market-muscles-with-focus-on-very-few-stocks) in technology stocks -- and push benchmark indexes to record highs -- would have drawn skepticism in the past. But as call volumes have exploded in stocks such as Apple Inc., Amazon.com Inc. and Tesla Inc., analysts are beginning to embrace the theory. They point out that traders could have outsize influence by concentrating their bets on a narrow set of high-profile names while other trading activity is reduced. + +“In a world where volumes are distorted by the frantic trading of algos, any real order flows may have surprisingly large impact on prices,” Peter Tchir, head of macro strategy at Academy Securities, wrote in a note Tuesday. “By trading options, they leverage their position.” + +[https://www.bloomberg.com/news/articles/2020-09-06/softbank-s-4-billion-trading-gains-on-u-s-stock-option-bet-ft](https://www.bloomberg.com/news/articles/2020-09-06/softbank-s-4-billion-trading-gains-on-u-s-stock-option-bet-ft) +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) +Early 40s; should hit my $5M fatFIRE goal in 1.5\~2 years. I'm simply coasting at my job so that I can collect my RSU. I plan to move back to my hometown where it's an LCOL area. + +The only large expense is the private school tuition for kids, around 50k per year. Other than that, we should be able to get by comfortable at 3% SWR. (or occasionally 4% if travel is needed) + +Things I'm doing recently: + +* Exercise and losing weight -- I notice many people change their lifestyle to stay fit and healthy once they fatFIREd. I don't want to spend the first few years of retirement losing weight. +* Coasting at the job -- COVID has been a tailwind as I can WFH. I try to work 4-6 hours a day and have plenty of time to read books, etc. I used to work 10+ hours/day and 1 weekend day. I set a goal to reduce my working hours. I should be able to get to 30-35 hours a week "on average" -- sometimes shit happens and I still need to deal with it. But most of the time I work 4 days a week. +* Planning for retirement for my own true calling. + +The last one is actually VERY hard for me. It takes me a while to figure out what I want to do. I got some ideas but I'm curious to learn that if you are fit and still have parent duty for 6-7 years so long traveling or living overseas is not an option, what do you do? + +Here are a few things on my list: (don't plan to do all of them -- these are just ideas) + +* Get a pilot license +* Start a youtube channel +* Get a law or medical degree +* Get a real estate license +* Get my motorcycle license back (I had one before but it got revoked ...) +* Get a class A or B license (to drive a big RV) +* Try a few stupid start-up ideas (mostly website -- I can code or hire students to code) +* Write a book about my life stories -- don't know who will buy it but I don't really care (self-publishing is not expensive) +* Maybe start a blog (if writing a book is too much of work) +* Train for a triathlon (I don't know why I want to do it -- but this is something I need to get done before 45 or it will be unlikely to happen) + +While these are all great time-killing activities, I'm wondering how young retiree (35-45) spend their time when they still have a parent duty? +“A 2015 study by sociologists at Cornell and Washington University in St. Louis of 44 years of income data found that about 12% of the U.S. population will rank in the top 1% for at least one year; 39% in the top 5% for at least a year; 56% in the top 10%; and 73% in the top 20%. At the same time only about 0.6% of people will stay in the top 1% for 10 consecutive years.” + +http://news.cornell.edu/stories/2015/01/hirschl-research-finds-many-join-1-percent-few-stay-long + +The top 1% household income was over $434,000 last year. + +So while one in nine Americans may at some time in their careers be among the top 1 percent, fewer than one in 160 (0.6 percent) will stay for a decade or more. + +Because of this 1% insecurity, sock away as much as you can and don’t waste it all on fun toys each year. That is all. +Property is older (1987) but in decent condition... maybe \~23 feet height. The property is located in a small mountain village of about 300 people, about \~1 hour+ away from two major highways. Nearest major metro area is 3.5 hours away. Long story short, not great for anything that involves distribution (by trucking at least, maybe drones one day!!). There is a great boating lake near the property and a major Appalachian destination multi-hundred room resort 10 min away. + +All ideas welcome. +🐂BULL MOON BSC🐂 + +Bringing the bullish trend back to BSC! + +🐂🌖What Does this Token Do?🌖🐂 + +BullMoon works by taking a 6% tax on each transaction. Half of that tax, 3%, will be redistributed straight back to holders and the other half will be sent straight to the liquidity pool which will be locked for 10+ years! + +Not launched yet, don't miss it! + +Tokenomics + +🌖Supply = 800,000,000 + +🌖Symbol = $BMOON + +✅ Long term project with huge marketing plan before launch. Reaching 600 members before launch and then marketing will continue. + +✅ No mint function or proxy in the contract, so devs can't change code + +✅ Liquidity locked automatically through DXSale, so devs cannot pull liquidity = rug proof ✅ + +✅ No hidden team tokens, devs own 0% before launch. + +✅ No "marketing wallet", devs are using their own personal BNB to provide further trust! + +✅ Renounced Ownership BEFORE launch + +✅ Locked liquidity BEFORE launch + +✅ Anti-Whale Tokenomics so no one is able to tank the price in a single sell order + +Marketing and Rollout + +🐂Reddit = Coming Soon + +🐂Influencers Coming Soon + +🌖BULL MOON WEBSITE🌖 + +https://www.bullmoonpump.com/ + +🌖TWITTER🌖 + +https://twitter.com/BullMoonBSC + +🌖TIKTOK🌖 + +Already posted, join the group to see it + +🌖TWITTER INFLUENCER🌖 + +Coming soon, join Telegram + +CONTRACT ADDRESS + +0x21c13b2e3007e41ae15c1c2beacce8670ec79f22 + +TELEGRAM + +https://t.me/BSCBullMoon +Short term pain for guaranteed gain is better than the risk that the MM just stop making a market on lit exchanges and suppress the price. We just read the report - the DTCC will stop at nothing to keep a lid on this. + +My company, that I own a piece of, will do phenomenally well. As EPS increases, and perhaps dividends are reinstated, the desire to own shares will increase. It’s inevitable that there will be bag holders and I refuse to have my shares where my only protection is SIPC. +## Launching our latest wiki page: UK income and wealth statistics! + +We have painstakingly gathered some big-picture info on income and wealth in the UK from [the Office for National Statistics](https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork) - it's available by age, region, household, and more. Check it out if that's of interest: + +**https://ukpersonal.finance/statistics/** + +Any feedback on ways to improve this page is welcome, just comment here or [join us on Discord](https://discord.gg/kaetMg8). + +## I know a song that gets on everybody's nerves, and this is how it goes + +I'm sure we've all noticed that we've had an influx of posts recently from relatively high-earning/well-off posters: + +* Wanting to know if they're doing okay +* Anxious about their standard of living, ability to save or buy a house etc +* Asking what to do with their savings and income +* Trying to understand and optimise their tax and pension situations + +We want everyone of all income levels to be able to get assistance from the UKPF community about both practical and psychological aspects of personal finances. And wealthy or high income people aren't immune to anxiety, getting affected by the current bleak headlines, or general cluelessness about finances. + +However it is obviously frustrating to read quite so many posts from high earners anxious about their financial future, especially when they make others feel bad about their own situations. + +####Please help us to keep the sub a helpful and healthy place for all by: + +**1: Alert us about rulebreaking posts** + +* Report clickbait/ragebait as trolling. If it's not an intentional troll we can help OP phrase their post better to avoid raising the blood pressure of everyone who reads it (more on this below). +* Report 'is £x a good amount?!' posts as 'comparison post', and we'll remove with a message directing them to the [nice new stats page](https://ukpersonal.finance/statistics/). +* Report 'I have £x, what should I do with it?' posts as 'read wiki' and we'll remove and direct them to the relevant pages (such as [the flowchart](https://ukpersonal.finance/flowchart/), [student loans](https://ukpersonal.finance/student-loans/), [BTL](https://ukpersonal.finance/buy-to-let/) and so on). +* Same for tax efficiency for high earners, [we have a wiki page for that](https://ukpersonal.finance/tax-efficiency-for-high-earners/). + +To be clear, 'no comparisons' and 'check the wiki first' are existing rules which apply to all posters. We normally give posters lots of leeway though, especially once posts have gathered substantive discussion, as we don't want to delete people's thoughtful and helpful comments. But in cases where the post is also causing everyone who reads it psychic damage, if the OP is answered on the wiki, we'll just remove even if we're at 100 comments and counting. + +**2: When commenting, keep being your chill and helpful selves** + +If posts are within the rules but just a bit frustrating because OP doesn't seem to have a sense of perspective, please either engage with them politely, or move on. + +Engaging politely can absolutely include explaining to them *why* their post is frustrating to read, but it can't include calling them names, insulting their intelligence, calling the post a humble brag etc. If you see comments along these lines, please report them. We will remove and (temp) ban. + +If the post is truly irresistible bait we will likely remove and/or lock it. + +**3: When posting, provide sufficient detail** + +High earner/net worth posters, as mentioned above, do take the time to read any [wiki pages](https://ukpersonal.finance/) relevant to your query and mention you've done so. That [stats page](https://ukpersonal.finance/statistics/) can help give you perspective on your relative position, which may change how you feel about it. + +If you're still worried, put together some numbers together before you post so you can be specific about why. If you're not sure you can afford to rent in area X, give us your current and expected budgets. If you're working on longer term planning such as house buying or retirement, provide the relevant info such as your target property price or retirement income, current savings and savings rate, timeline etc. + +Providing this detail will help you get much more relevant and specific answers while avoiding frustrating people with posts that come across as vague requests for reassurance. +I bought a house with a 2.99% vacation/2nd home loan with a 10% downpayment. I am currently doing the renovations. If I were to refianance after the repairs, I would have a worse rate. If I refinanced in a year from now, when the value should be higher and I could pull more equity out, but the rate would be even worse. + +Is BRRRR still worth it in a market where mortgage rates are going up? +**The 10% drop in the US Stock Market this month is very unusual.** + +I went to Portfolio Visualizer and they have had monthly results for VTI (Total US Stock Market) since January 2001. In the 252 months, the S&P 500 has only dropped more than 10% in a month 4 times. + +SPY (S&P500) has records from 1993 and there have only been 5 months out of 336 that it dropped more than 10% in a month. + +There have only been six months where the stock market dropped more than 10% since 1985. 6 months out of 432 months + +This shows how severe the current stock market crash is! + +Does anyone have access to information from before 1985? + +(The largest 1-month drops were in October 2008 when it dropped 17.48% and in March 2020 when it dropped 13.91%) +Sorry if this is a lazy and/or all over the place post. I’m sick, isolating from my baby, and in a fog lol + +We’re moving to a seasonal town that is lovely but has its fair share of problems for locals(namely unemployment and drug use). + +My husband and I are both fully retired with 1 child but have plans for more. + +On my [my last post](https://www.reddit.com/r/fatFIRE/comments/w1zhzs/will_time_and_money_keep_the_seasonaltourist_town/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) I made about this place, one comment stuck with me. It said I have the time and resources to be the change in the community. + +I’ve really been thinking on how we can do that once we settle down there. Politics, even on a very small local scale, would not be my first choice. I don’t want to “campaign” against anyone and I don’t want to give off the impression that we are just “ rich transplants” looking to take over. I want to help and even create programs that will help locals. + +I want my children to grow up happy and healthy, I want their community to be happy and healthy too. + +For those of you who use your time and resources to give back, how do you do it? (Outside of writing a check) + +Key issues I’d like to focus on: + +Off season activities/groups for kids and teenagers + +Unemployment: big issue to fix, I know, but any ideas to throw around would be great + +Affordable childcare options + +Car repair: maybe random and niche but I often see posts on Nextdoor about families having to go without a car, looking for a cheap mechanic, etc. I don’t know why but it breaks my heart thinking of the stress they are under from unexpected car repairs. I never see any programs or charities for this and I’d like to do something + +Affordable housing + + +What are some ways I can use our time and money to at least make a dent in these hardships of the community? What do you do to make a difference in your community? +Without going into detail, it’s been a hard year. If I look at my finances, I could probably effectively go to working about 5 hours a week with $2.5m in NW. The plan was to shoot for $25m NW in 10 years. So, what is the difference for you? Why FatFIRE? What does $1m a year really buy you that $100k a year doesn’t? +this is, in a way, a repost of my post from last week that went up on WSB here [https://www.reddit.com/r/wallstreetbets/comments/lcry4s/hey\_sec\_remember\_one\_week\_ago\_today\_when\_wsbs/](https://www.reddit.com/r/wallstreetbets/comments/lcry4s/hey_sec_remember_one_week_ago_today_when_wsbs/) + +It was up for about 3 hours...in that time it made not just top post on WSB but top of all reddit before a mod pulled it off WSB. This post was pulled AFTER the new mods were supposedly restored to order...as most of us here know OG WSB remains fully compromised even though current group of mods \*reaaaaalllly\* wants us to believe it's not. + +This is an important fucking message that I'm not seeing expressed clearly and often enough. The sentiment here was inspired by our boy Chamath (see [https://twitter.com/EliBurton\_/status/1356845673908297728?s=20](https://twitter.com/EliBurton_/status/1356845673908297728?s=20))... + +We should be absolutely fucking enraged over 1/28 because it clearly demonstrates that THIS IS NOT A FREE MARKET AND THERE'S NOTHING STOPPING THEM FROM DOING IT AGAIN. These motherfuckers should be placed in prison immediately over this... + +The thesis on GME was almost certainly correct and THAT is what we were trading on, it was demonstrably working and they simply pulled the rug out from under...multiple brokerages stopping the purchase of a security (SERIOUSLY, WHAT THE ACTUAL FUCK) effectively killed the upward momentum of the stock price saving HF's BILLIONS which is absolutely FUCKING UNACCEPTABLE. + +Positions: 122 shares GME @ $75....I just keep holding and upping my position to dollar cost average down. Originally GME for me was "let's see if I can make a quick play off these shorts" and has moved on to "FUCK YOU - I'll ride this motherfucker into the ground on principal..." and also, "Fuck the stock market anyway...DeFi is the future, I'm moving 50% of my portfolio to crypto where the game isn't rigged against me" + +If FUD hasn't rotted your autistic smooth brain and you're still diamond handing GME there are important dates we should be holding through, most notably...2/18: DFV, RH's VLAD and that Citidel HF shithead will testify in congress...and also 3/25: GME earnings report + +BTW, any HF Shills here commenting (yes, they're here too) can preemptively suck my dick... + +TL:DR: just read the title and HF shills suck my dick +Gamestop has been shorted into the ground. We know this, and here is some DD I have put together with sources. + +# I AM NOT A FINANCIAL ADVISOR. THIS IS NOT FINANCIAL ADVICE. PLEASE DO NOT SUE ME IF PEOPLE MAKE OR LOSE MONEY. + +Most of these numbers are estimates and are not exact, but this is hopefully a solid, ideally underestimated as far as retail goes. + +My range for the final MOASS is $10,231.57 as a floor, and an AI predicted ( [https://www.reddit.com/r/GME/comments/lg0f24/ai\_predicts\_gme\_squeeze\_using\_time\_series\_model/](https://www.reddit.com/r/GME/comments/lg0f24/ai_predicts_gme_squeeze_using_time_series_model/) ) ceiling of $130,000 inside a vacuum for short closing. I cannot provide an accurate ceiling, as a direct ratio of Short to percentage increase just become hilarious, and I am not smart enough to generate the parabolic formula. + +My range is between $7,763.68 and $97,500. + +My personal basis for the top of the squeeze is $37,675.79 + +Some financial institutions have not acted responsibly in the market, and I have reason to believe that GME has been shorted 432% of the estimated float. + +Total shares owned stand at 253,299,787 + +The total shares outstanding stands at 69,746,960 + +This cannot continue to continue, and I believe the firms responsible for this egregious short selling should take immediate steps to close their positions instead of borrowing more GME shares from ETFs to short further. + +This is unprecedented, and I believe it might crash the financial market. + +Please feel free to email me if you have any corrections to make. + +My findings and estimations are below: + +I like the stock + +**GME Share Ownership** + +Insiders – 23,704,787 + +Institutions – 151,000,000 + +Funds – 40,000,000 + +Retail – 38,595,000 + +Total Owned: 253,299,787 + +Total Outstanding: 69,746,960 + +Percentage of ownership to outstanding : 363.17% + +*GME Short Information* + +Estimated Synthetic shares: 183,552,827 + +FINRA Short % of Float: 78.46% + +Finviz Float: 50,650,000 + +Reported shares Shorted: 35,538,624 + +*Total estimated Short positions (synth + reported shorts)* + +219,091,451 + +Percentage of shorts to the float: 432.56% + +**Here is a deeper breakdown of share ownership:** + +Retail brokerage usership (sources provided below) + +* Robinhood - 13 million users +* TD Ameritrade - 11 million users +* Charles Schwab - 29.6 million users +* Webull - 10 million users +* E-Toro – 13 million +* T212 – 14 million +* M1 Finance – 250,000 +* Fidelity – 25.5 million +* Vanguard – 7.5 million +* Blackrock – 4.8 million + +There are an estimated 128.65 Million retail accounts total in the above retail brokerages. These retail accounts (correct me if I’m wrong) are not counted in the institutional share reporting, as these are not institutionally managed assets. + +My assumptions are as follows: + +* 10% of these accounts own shares of GME +* An average of 3 shares per holder + +Since it seems that retail owners are still buying (from my own perspective) this seems to be a safe assumption that r**etail ownership stands at 38,595,000 shares** in total. + +Institutional Ownership + +According to the Finra-Markets.Morningstar website, under the Shareholders tab, **ownership of Institutions is approximately 151,000,000 Shares** as of the most recent filings. + +Fund Ownership + +According to the Finra-Markets.Morningstar website, under the Shareholders tab, **ownership of Funds is approximately 40,000,000 Shares** as of the most recent filings. + +Insider Ownership + +According to the [Fintel.io](https://fintel.io/) website, under the insiders > insider trades tab, **ownership of Insiders is approximately 23,704,787 Share**s as of the most recent filings. + +Price Basis: + +A post on the WSBN subreddit, authored by [u/joethejedi67](https://www.reddit.com/u/joethejedi67/) on the 10th of February, 2021 showcased a closing of 7,056,150 shares resulted in a price increase of $327.09/share by the end of the day. This is based on the FINRA reports and dates from 1/13/2021 - 1/27/2021. + +As a Floor: If we assume a linear increase with a direct ratio of short coverage to price increase ($0.0000467/short), then coverage of 219,091,451 shorts would directly increase the price of GME by $10,231.57. This is not inclusive of the current price. + +I am aware that direct ratios are not indicative of how markets work, so a floor of 75% of the above number is **$7,763.68** personally seems reasonable. + +As a Ceiling: I will refer to an [AI on the ceiling](https://www.reddit.com/r/GME/comments/lg0f24/ai_predicts_gme_squeeze_using_time_series_model/), as I am not intelligent enough to create a formula on something with this much potential data. The price would increase by approximately $130,000. This might not be unreasonable, as Tulip Mania raged on, + +>“the best of tulips cost upwards of $750,000 in today's money (but with many bulbs trading in the $50,000 - $150,000 range). By 1636, the demand for the tulip trade was so large that regular marts for their sale were established on the Stock Exchange of Amsterdam, in Rotterdam, Harlaem, and other towns.” + +I will take the same rule as the floor pricing, and take 75% of the above price. My personal Ceiling arrives at $97,500. + +Taking an average of the two numbers, weighting the floor at 66% and the ceiling at 33%, **brings my personal target price to $37,675.79.** With the outstanding shares sitting at 69,746,960; the market cap would theoretically be $2,627,771,818,098.40. + +**$2.627 trillion would make GME the most valuable company by 6.88%.** ($169 billion difference.) + +The top 5 most valuable companies in the world are as follows: + +1. Saudi Aramco - $2.458 Trillion +2. Apple - $2.213 Trillion +3. Microsoft - $1.653 Trillion +4. Amazon - $1.596 Trillion +5. Delta Electronics - $1.435 Trillion + +This would put GME in line with the VW 2008 short squeeze, where **VW became the most valuable company in the world by 7.87%** ($27 billion difference.) + +***ETF Shorting*** + +Recently, we have learned that certain ETF’s are being shorted to short GME by proxy. + +SPDR S&P Retail ETF (XRT) currently has Institutional ownership of 25,662,569 shares compared to 6,700,000 outstanding shares. This is 383.02% of issued shares. + +• [u/aah\_soy](https://www.reddit.com/u/aah_soy/) posted the original DD for this: [https://www.reddit.com/r/GME/comments/ljwo3v/serious\_researchers\_needed\_now\_i\_think\_i\_know/](https://www.reddit.com/r/GME/comments/ljwo3v/serious_researchers_needed_now_i_think_i_know/) + +• [u/jeepers\_sheepers](https://www.reddit.com/u/jeepers_sheepers/) discovered that on 02/01/2021, XRT short float peaked at 800% - [https://www.reddit.com/r/GME/comments/lknjkc/xrt\_is\_being\_used\_to\_hide\_gme\_shorts\_xrt/](https://www.reddit.com/r/GME/comments/lknjkc/xrt_is_being_used_to_hide_gme_shorts_xrt/) + +I am not sure if all of the synthetically created shorts are counted in the fund ownership above, but I doubt it. + +These ETF short positions will cause a rippling effect in the market should GME squeeze. + +These are all the ETFs with GME in their funds: + +* GAMR - ETFMG Video Game Tech ETF +* XRT - SPDR S&P Retail ETF +* XSVM - Invesco S&P SmallCap Value with Momentum ETF +* RWJ - Invesco S&P SmallCap 600 Revenue ETF +* VIOV - Vanguard S&P Small-Cap 600 Value ETF +* VIOO - Vanguard S&P Small-Cap 600 ETF +* VIOG - Vanguard S&P Small-Cap 600 +* VTWV - Vanguard Russell 2000 Value ETF +* IUSS - Invesco Strategic US Small Company ETF +* VCR - Vanguard Consumer Discretionary ETF +* VTWO - Vanguard Russell 2000 ETF +* IWC - iShares Microcap ETF - Small Cap Blend Equities +* EWSC - Invesco S&P SmallCap 600® Equal Weight ETF + +**Sources:** + +GME DD Compiliation - [https://www.stonking.info/gme](https://www.stonking.info/gme) + +• Insider Ownership – 23,704,787 + + [https://fintel.io/n/us/gme](https://fintel.io/n/us/gme) + +• Institutional Ownership – 151,000,000 + +o under shareholder tab + + [http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.58.0](http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.58.0) + +Short interest Percentage + +• Fund Ownership – 40,000,000 + +o under shareholder tab + + [http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.58.0](http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.58.0) + +Short interest Percentage + +• Shares Floated: + + [https://finviz.com/quote.ashx?t=GME](https://finviz.com/quote.ashx?t=GME) + +Retail Account Ownership sources + +• Fidelity Retail accounts – 25,500,000 + +• estimated +5,000/day from 2018 (1/2 of claimed 2019 daily increases multiplied by 2 years \[5 days \* 50 weeks) + + [https://www.barrons.com/articles/fidelity-reports-strong-results-for-2019-but-the-good-times-may-not-last-51583427657](https://www.barrons.com/articles/fidelity-reports-strong-results-for-2019-but-the-good-times-may-not-last-51583427657) + +• Vanguard Retail accounts – 7,500,000 + +• 25% of total investors + + [https://about.vanguard.com/who-we-are/fast-facts/](https://about.vanguard.com/who-we-are/fast-facts/) + +• Blackrock Retail accounts – 4,800,000 + +• Based on Fidelity’s average account size of $125,000 divided by the AUM for active retail on page 6 ($608,552,000,000) + + [https://www.cnbc.com/2020/02/13/fidelity-there-is-now-a-record-number-of-401k-and-ira-millionaires.html](https://www.cnbc.com/2020/02/13/fidelity-there-is-now-a-record-number-of-401k-and-ira-millionaires.html) + + [https://d18rn0p25nwr6d.cloudfront.net/CIK-0001364742/d0630079-2312-49ea-a783-5c96a18ee884.pdf](https://d18rn0p25nwr6d.cloudfront.net/CIK-0001364742/d0630079-2312-49ea-a783-5c96a18ee884.pdf) + +• Charles Schwab Retail accounts – 29,600,000 + + [https://www.aboutschwab.com/Charles-schwab#:\~:text=Today%2C%20the%20company%20has%20expanded,abroad%2C%20serving%2030.5%20million%20accounts](https://www.aboutschwab.com/Charles-schwab#:~:text=Today%2C%20the%20company%20has%20expanded,abroad%2C%20serving%2030.5%20million%20accounts). + +• Robinhood Retail accounts – 13,000,000 + + [https://en.wikipedia.org/wiki/Robinhood\_(company)](https://en.wikipedia.org/wiki/Robinhood_(company)) + +• TD Ameritrade Retail accounts – 11,000,000 + + [https://www.tdameritrade.com/about-us.page#:\~:text=Today%2C%20TD%20Ameritrade%20provides%20investing,6%2C000%20independent%20registered%20investment%20advisors](https://www.tdameritrade.com/about-us.page#:~:text=Today%2C%20TD%20Ameritrade%20provides%20investing,6%2C000%20independent%20registered%20investment%20advisors). + +• E-Toro Retail accounts – 13,000,000 + + [https://www.businessinsider.com/etoro-hit-13-million-registered-users-globally-2020-5](https://www.businessinsider.com/etoro-hit-13-million-registered-users-globally-2020-5) + +• WeBull Retail accounts – 10,000,000 + + [https://investorplace.com/2019/09/webull-review-best-investment-apps/#:\~:text=Although%20the%20WeBull%20app%20has,account%20management%20and%20trading%20commissions](https://investorplace.com/2019/09/webull-review-best-investment-apps/#:~:text=Although%20the%20WeBull%20app%20has,account%20management%20and%20trading%20commissions). + +• T212 Retail accounts – 14,000,000 + + [https://comparebrokers.co/trading-212-review/](https://comparebrokers.co/trading-212-review/) + +• M1 Finance – 250,000 + + [https://www.listenmoneymatters.com/m1-finance-review/](https://www.listenmoneymatters.com/m1-finance-review/) + +Short Closing + +• Short closing to price increase ratios + +• Low End - 7,054,150 : $327.09 increase ($0.0000467/short) + +• High End – 7,054,150 : 160% Increase (0.0000227%/short) + + [https://www.reddit.com/r/Wallstreetbetsnew/comments/lgml7u/gme\_short\_percentage\_of\_float\_is\_117\_crunching/](https://www.reddit.com/r/Wallstreetbetsnew/comments/lgml7u/gme_short_percentage_of_float_is_117_crunching/) + +Other + +• Current Most Valuable Companies - [https://fxssi.com/top-10-most-valuable-companies-in-the-world](https://fxssi.com/top-10-most-valuable-companies-in-the-world) + +• VW Short squeeze result - [https://www.reuters.com/article/us-volkswagen/short-sellers-make-vw-the-worlds-priciest-firm-idUSTRE49R3I920081028](https://www.reuters.com/article/us-volkswagen/short-sellers-make-vw-the-worlds-priciest-firm-idUSTRE49R3I920081028) + +• [u/aah\_soy](https://www.reddit.com/u/aah_soy/) posted the original DD for this: [https://www.reddit.com/r/GME/comments/ljwo3v/serious\_researchers\_needed\_now\_i\_think\_i\_know/](https://www.reddit.com/r/GME/comments/ljwo3v/serious_researchers_needed_now_i_think_i_know/) + +• [u/jeepers\_sheepers](https://www.reddit.com/u/jeepers_sheepers/) discovered that on 02/01/2021, XRT short float peaked at 800% - [https://www.reddit.com/r/GME/comments/lknjkc/xrt\_is\_being\_used\_to\_hide\_gme\_shorts\_xrt/](https://www.reddit.com/r/GME/comments/lknjkc/xrt_is_being_used_to_hide_gme_shorts_xrt/) +Hello everyone. I’m a Afghanistan War veteran here with some friendly advice. + +So like everyone I love coming in here and seeing all the wrinkly brains guiding my crayon eating ass to tendie land. However, take what i have to say with a grain of salt, or don’t. Whatever. We need to quit with the fucking bullshit. If you don’t have any DD or helpful thoughts, don’t post. Go to the think tank, it’s what it’s there for. + +Divide and conquer. Literally the easiest way to take down any establishment is within. That’s what happening with us right now and the hedgies are two steps ahead. + +Think about it, u/rensole doesn’t want to do morning news anymore because he’s being attacked. One of our #1’s is getting eaten up and we’re letting it happen. Let’s have his back. It seems like anyone can post now a days, and it’s all bullshit karma farming posts like “I WONT SELL TILL THE WAY DOWN”! Cool story bro, we’re all glad. You can’t even navigate this sub anymore and find good DD it seems like. + +Hedgies are playing the long game, we know they’re watching. We’re being divided, trying to get us to believe this is all over, and driving the price down. Slowly bleeding us down. So follow these steps if you read through this. + +1) Quit shit posting, it doesn’t help. +2) Apologize to rensole. Even if you didn’t say anything, send him a friendly message letting him know you appreciate him, and let’s get this morning news going again +3) Buy, Hold, and be friendly to the retarded apes who ask questions. We’re all in the shitstorm together. + +Let’s also get the mods involved, we need to be regulated. I’m hoping the karma for posting gets upped, and anything not involving good DD gets you a permanent ban. That, or we go private and weed out mother fuckers. We’re out of control and we need to be put in check. That’s all. + +Disclaimer: I’m not a shill, so don’t come at me with that bullshit. + +Edit: Thank you for your support. This sub is our home, let’s defend it and make it fucking awesome like it used to be. +The Age of the Retail is upon us. + +The brokers have given us commission-free trading. Reddit, twitter, etc. have given us a collective hive mind where ideas can be nurtured, critiqued, developed, distributed, and acted upon in concert. + +However, the government, hedge funds, brokers, et. al. still practice their dirty tricks to protect their own. We should fear the systematic risk of cronyism within the halls of government and Wall Street to put the brakes on our profit making, which is our lawful American right. + +Should the SEC illegally or unjustly intervene on behalf of their friends (who so often reward government poodle regulators with lucrative jobs after leaving civil service), we will need to find a large law firm that specializes in securities and class actions and is willing to setup a trust account where you give your name, nominal retainer fee, and proof that you owned $GME to establish standing in a suit. + +edit: Align incentives. + +edit2: To those who misunderstand, this isn't about hiring a defense attorney, this is about holding government regulators accountable in federal court if they chose to illegally or unjustly injure GME holders. That can only be done if GME holders have representation. + +Edit3: FUCK ROBINHOOD + +Disclosure: We are individual investors that like the stock. Each WSB user acts of his own accord with regards to his market activity. Fearing illegal or unjust SEC action and hiring counsel is our American right, as is our Freedom of Association. +HDFC top 100 and ABSL Frontline Equity Fund are two of the most popular large cap funds. However, their performance in recent years is not good when compared with benchmark index and with top performing funds in same category. + +I am a long term investor and understand that we need to be invested for 7+ years before judging an equity fund. At the same time, I like to periodically review funds to make sure I don't remain invested in duds. + +Seeking opinion of other members on the performance of these two funds. As shown in following table, the HDFC and ABSL funds have vastly underperformed in recent years in spite of markets attaining new high each year. This surely indicates lack of good decision making by fund managers with respect to the portfolio. How does an investor make out if this is just a temporary phase or permanent? + +Thanks in advance. + +&#x200B; + +|Fund Name|AUM|1 year cagr|3 year cagr|5 year cagr| +|:-|:-|:-|:-|:-| +|HDFC top 100|17.5K cr|6.6|5.6|11.3| +|ABSL Frontline Equity|18.7K cr|13|7|11.8| +|S&P BSE 100|\-|16|10|13| +|**Top Performers below**||||| +|Axis Bluechip|20.4K cr|19|16|16| +|Mirae Asset Large Cap|20.7K cr|14|10|15| +This is a quote from [this article](https://coinjournal.net/coinbase-co-founder-lack-incentives-may-become-major-issue-bitcoin-ethereum/). Reminds of posts on here saying that we (as ETH holders) have been funding ICOs too heavily. It has definitely made me reconsider investing in a few of the interesting ICOs I've seen lately. + +Another interesting quote from the article here: +>Ehrsam believes that the migration of blockchain developers to the ICO and commercial markets will become a serious issue in the upcoming months and years because, without proper economic incentives, core developers of blockchain projects will not be motivated to dedicate themselves to non-profitable development. Commenting specifically on Ethereum development, Ehrsam noted that in order for Ethereum developers to contribute to the main blockchain and become incentivized by doing so, developers need to finance themselves by holding Ether or joining the Ethereum Foundation. But, neither of those options can provide financial stability for developers whereas running ICOs for blockchain projects can lead to multi-million dollar profits. +Instead of $25 minimum I pay $100 every month. I missed a payment only one time and haven’t since. I’ve been using my CC for almost all purchases I make and now I’m wondering if I’m using it too much? I was told to use it often so I did obviously within reason. + +I’m reading that having a balance is bad and I have one of ~$700, should I just pay all 700 next time (which I can do) or continue the $100 payments? (By doing this there’s always going to be a balance of some amount) My credit score is just under 700. I don’t pay my card until the end of the month or whenever it shows the min. of $25. + +Will my APR% go away or be lowered? +I have 7 greenhouses in theSouthwest desert. I have twenty-five S9 miners inside these greenhouses. They are all running 100% off grid with solar and battery power. + +I posted my numbers for this mining operation in the desert a few hours ago but it was downvoted into obscurity. Here is the link if anyone is interested: + +https://www.reddit.com/r/Bitcoin/comments/6kiifr/another_update_on_my_solar_powered_farm_and/ + +Anyhow, I kinda think that this sub is controlled by miners. I want to test this out to see if it might be true. Cuz...maybe I am just being weird and got it wrong. For the record, I am often wrong. + +So here it goes...I have documented my mining operation over the last year here on Reddit. I detailed my idea from when it was just an idea all the way to today, where I have a fully functional and profitable bitcoin mining operation in the middle of the desert....not connected to the grid at all. I am about to go all-in and buy 1,000 miners for the September shipment of new S9's. + +Here are the numbers for mining, for those of you who are interested. You will need 6 kw of solar panels. And you will need 15 deep cycle lead-acid batteries (24V/200 amp hours each). And a power control system. I buy the batteries from China for $180 each. I pay $0.45 per watt for solar panels. Total cost for the off grid solution for ONE miner is $6800. It costs so little because I found the suppliers on AliBaba and negotiated my pricing. I am happy to share the suppliers with anyone who is interested (no one will be interested). + +Cost for one S9 is $1225 landed on your door in the US. Total cost for the off grid mining solution is $8,000. I make .007 btc per day from each miner. This is about $18 per day at the current price. I make about $300 profit on each miner by reselling it (used). I can buy and sell these miners EVERY time there is a production run from Bitmain. I get in early and secure my order. Then I slowly sell them until the next batch is close to shipping. + +I am pretty sure that there are LOTS of miners doing this and they don't want anyone else doing it. They are afraid of flooding the resell market. And they are afraid of increasing demand for miners. And I am pretty sure those people are now running this sub. But again, maybe I am wrong. We'll see... + +Basically, I feel that there is a real effort to dissuade people from mining so that miners can continue to do this. + +I purchase in advance from Bitmain and secure the lower pricing. I buy 100 miners and I run 25 of them. I then begin to resell the remainder of my miners. There is such a long gap between shipments from Bitmain that the price just keeps going up and I profit on the resell of these machines. Meanwhile, I am using them to mine until they sell. + +By reselling the miners I am making sure I am current with the fastest miners. I also profit from buying 100 miners early in the cycle to resell. + +I have NO idea why this happens, but every time I post about mining and talk about how I have found what I believe to be an awesome idea for small to medium sized miners, I am down voted and called a liar and con man by a lot of people here. + +So, I am testing my hypothesis. I think that one of three things will happen to this post: (1) it is down voted to obscurity (2) I am relentlessly called out for being a liar and con man (3) no one cares. + +For the record, this should be a post that is read by many people here. I am not trying to say that it is the most amazing thing that someone will read here. But, this is exactly the type of post that should have people discussing in a bitcoin forum. + +Anyhow, for those who are interested, this info is not a FAKE POSTING. The numbers are real. I am highly profitable. I wish others would do the exact same thing. I want everyone to be mining. +### Disclaimer: +I am not a financial advisor and this is not financial advice. I barely understand how the stock market works. Professionally I'm a network security researcher -- my job is to find and explain vulnerabilities in other complicated systems that my smooth brain barely understands. + +--------- + +Guess what you fucking idiot -- you aren't allowed to collapse the entire financial market in less than a week using a phone app. It takes more time. + +--------- + +# There are likely several million new synthetic longs of $GME, diluting the market, that were created on 01/28/21. + +They were created by a market maker (or possibly several market makers) to stop the beginning of a short squeeze that would have bankrupted hedge funds if a margin call hit them, which ultimately could have financially impacted those market makers once liability for the shares was transferred. These shares weren't borrowed from anyone. They're imaginary. Pure fiction. A promise only a handful of entities can make. + +The reason they did this was to buy time to save their own asses. [The reason they were allowed to do this is because regulations let them](http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html). + +The creators of those shares have 21 days to deliver. Until then, they aren't paying interest. There isn't a public record of their creation -- the closest insight we have to the number of synthetic longs in existence for $GME are the [failure-to-deliver numbers](https://old.reddit.com/r/wallstreetbets/comments/l97ykd/the_real_reason_wall_street_is_terrified_of_the/), and $GME is a major outlier in that field. A fucking terrifying outlier. + +We aren't bleeding out a hedge fund by holding. Melvin very likely *is* out of their position after losing half of their fund. There aren't 'new shorts replacing the old'. Instead, a buffer of imaginary stock was created by a market maker to 'flatten the curve' when a massive number of shorts had to cover once retail buyers started rushing in. + +--------- + +# That's why you aren't seeing short interest increase even though there aren't any short shares left to borrow. + +**These assholes are praying that in the next month, retail buyers get scared, bored, or distracted.** They're spreading FUD, attacking with short ladders, hoping you watch the short interest drop and think it's over. They're counting on you to sell your $GME at a bargain rate so you can pay rent, because they think *you're just fucking retail scum betting on a shit company,* and they've been playing this game longer than you've been alive. + +They're also counting on you to obsess over things you can measure that they can hide. They want you to set rules and limits on when you're going to run away. + +--------- + +# Simultaneous to the creation of these synthetic longs, DTCC increased collateral requirements on 01/28/21 to purchase $GME to 100%. + +This led smaller brokers like Robinhood to restrict trading, depressing the price, conveniently making it less expensive for market makers to recover their synthetic longs. + +**The people that pushed this collateral increase knew exactly what would happen**, because *it's their job* to know what the impact will be when they make changes like this. + +DTCC openly stated they increased collateral requirements for $GME to reduce risk to their organization. **DTCC recognized financial liability in this squeeze could eventually reach clearinghouses if the market makers went bankrupt.** They know exactly what the failure-to-deliver numbers mean for this security. + +It's possible that DTCC created new collateral requirements in coordination with the flood of synthetic longs explicitly to make it easier to recover those shares. It is also possible these actions were taken without any coordination with market makers, because DTCC knows it could have dampened and stretched out a squeeze through this act alone. + +**Their strategy is to stretch out a short squeeze into a 'long high' they can recover from if retail shares are sold over time, since retail can't buy them back.** + +And the people working at DTCC likely rationalized this was 'the right thing to do' -- to prevent a systemic failure that could have impacted the entire stock market -- because preventing systemic failures is the only reason organizations like DTCC exist. + +Meanwhile, Robinhood -- the smallest player in the game -- honestly DTCC's buttboy in this scheme -- is going to be grilled by Congress over this shit. + +--------- + +# Did you think we were the only ones that saw a black swan event coming when we bought shares? + +The root problem is there are several players in the market capable of creating new shares without paying interest, capable of restricting trading -- and they all face severe financial liabilities if a squeeze happens. They want to turn the squeeze into a slow burn so the damage doesn't hit them. + +If we continue to hold, a squeeze could happen sometime around or after Feb 18th, or another market maker could create *even more* synthetic longs to dilute the market, passing the hot potato. This could make their problem even worse once *those shares* are bought and held. + +This could continue for an extremely long period of time until a financial regulator steps in and forces them to buy the shares they've sold. + +--------- + +**TL;DR**: + +WSB is being made into a fall guy for the collapse of the market due to the creation of a massive number of preexisting synthetic longs that were bought and held. To fix it, market makers decided to make more, but their cure is also a poison they can't stop taking. + +**Strategy**: + +Hold your positions, buy at any price you can afford to hold forever, and hope that retail owns more shares than the total number that exist for $GME. Contact the SEC and ask them to investigate and to halt trading of $GME -- time is on your side if the clock ticks down the deadlines for market makers, while the stock cannot be sold by paper hands. + +**Postitions**: + +100 $GME 💎🙌 -- but only holding for $10,000/share -- I'm not so greedy that I want the entire market to collapse. +Sorry for spamming, because this is the 3rd post I'm making on here in half an hour, but I'm just sooo frustrated. :( + +I go in Instagram often, which isn't going to make me happy, but it's free, it's the only thing I can do. + +But I'm so f~~ucki~~ng tired of watching 1/2 people on my instagram traveling 3 times a year, doing all the festivals, having fun and such. And I've only seen two places this summer: Work, and home. + +I've been inside for almost the whole summer. And I'm still broke. + +How do people go to Tomorrowland 3 weekends in a row, then travel to some far country? +I can barely afford to sit at home. +I know that Instagram isn't always real, but I do see those people not being at home, right? They aren't using photoshop to trick me into thinking they're not at home. They are really in a far away country, and they are really at a festival. Doesn't mean they're happier, but they at least have that. I ain't happy too, and I'm stuck in my home. + +Do all these people have doctors or lawyers or politicians as parents, or am I just that poor? + +I'm really not happy living this way, and sometimes it feels like waiting for life to be over :( +Last night several threads warned about Trezor phishing scam and almost on cue, today I read a post by 7 year crypto veteran that he fell for it and lost everything, about $72,000 in Bitcoin. + +It can happen to anyone. You're tired, arguing with your gf, distracted, etc... nobody is perfect. He lost everything. I can't afford that. Shit gives me nightmares. + +I've been intending to buy a Trezor for some time now, but I keep hesitating. I've been so nervous about the whole thing. What if I lose my seed phrase? I live n NYC, someone breaks into my apartment, a fire, collapse, etc.. call me paranoid. + +Now that Coinbase One offers insurance, I'm not even going to worry about cold storage. I sleep better this way. I don't care about all the "not your keys not your coins" arguments. I have a legally enforceable contract with Coinbase now that I pay for. + +True, it's price is kinda steep at $30 a month, but to me it's worth it. It comes with no trading fees which sweetens the pie. Also comes with "priority" customer support, which I tested and only had to wait 2 minutes before I was speaking to a live agent. + +So yeah, fuck that. I'm just too paranoid. If US gov ever looks like it's on the verge of collapse, then yeah, I might put it in cold storage before I bounce out of the country. Until them I rest easy with my coins insured on an exchange. + +Let the hate begin... + +&#x200B; + +&#x200B; + +Edit 3: For those of you who calling me a shill, here is a link to the review I wrote a week ago about CB One. It's a fair review. Just my expereince. I don't sugarcoat anything. [https://np.](https://www.reddit.com/r/CryptoCurrency/comments/tsi85k/is_coinbase_one_worth_it_1_week_review/)[www.reddit.com/r/CryptoCurrency/comments/tsi85k/is\_coinbase\_one\_worth\_it\_1\_week\_review/](https://www.reddit.com/r/CryptoCurrency/comments/tsi85k/is_coinbase_one_worth_it_1_week_review/) + +EDIT 2: As mentioned, I live in NY. Only CB and Gemini are available here. Kraken and CDC and Binance are not available in NY. I know that CDC also offers insurance up to $250K and they don't charge for it so long as you use 2FA and whitelisting. + +EDIT 1: Here is a link to the Coinbase Insurance T&C for those who have been asking for it. + +[https://www.coinbase.com/legal/user\_agreement/united\_states#coinbase-one](https://www.coinbase.com/legal/user_agreement/united_states#coinbase-one) + +&#x200B; +So if you don't know what the critical margin theory is, go read [THIS](https://www.reddit.com/r/Superstonk/comments/v6cwds/gamestop_critical_margin_theory) post. But I will show you guys/gals with [THIS](https://imgur.com/a/j89ynQw) photo, showing how the last 3 days' highs line up perfectly with the critical margin line I placed 2 weeks ago. I would also like to mention that on the date March 29, GME was halted, that is the first time since the sneeze that the price superceded the critical margin line. I really believe that, that line is very important, and at the current rate GME should be below $122.30 by July 29. If you dont already know, end of july is the dead line for Gamestop to release the marketplace. So if this theory is correct we should be expecting about -$0.80/day draw down, or halting/fuckery if it passes that line. Buckle up, buckaroo! +Kids love Roblox. On the school run I mentioned that we'll soon be able to buy some shares in Roblox and that means we'd own a little piece and as Roblox grows and more kids buy Robux we'd make money and if we left it there for years and years in ten years you might be able to buy a car or something. They were super enthusiastic. I'm looking forward to having this experience with them win or lose. +I’d like to stay with a conforming loan, so I can put as little down as possible, but there are a bunch of homes of interest to me around 10% over what would work for my financing preferences. + +What are some respectable, good faith strategies (nothing shady) that I can employ to make a deal/offer like this work for me? + +I’d be happy to offer a large earnest payment, but would then want to keep inspection and appraisal contingencies. + +FWIW, most of the properties under question are most certainly currently full-time STR investment properties, many with asking prices 2-3x what the were bought for 2 years ago (sometimes less). I do believe their severely over priced (more than 10-15% overpriced), but I’m unsure the sellers would be motivated to budge on price over continuing to STR it and can afford to hold. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the **/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! + +**This is not financial nor investment advice. These are ideas and opinions for information purposes only.** + +*This post will read bottom to top. It's easier for people to refresh the page and see edits at the top* + +**Historical supports and resistances:** + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 156.5, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256. + +&#x200B; + +**Edit 19 4:02PM:** + +Ending around 164.48, up 6.33%. Pretty great day! See you all tomorrow. + +**Edit 18 3:27PM:** + +We can reasonable end at the upper half of this channel. + +https://preview.redd.it/r6m5lvjol6u61.png?width=2138&format=png&auto=webp&s=ab2b953940b68781dbde9ae6bbec5948c20bdfb8 + +**Edit 17 3:00PM:** + +Power hour: + +[https://www.youtube.com/watch?v=ZoL80H7BGFE&ab\_channel=WardenElite](https://www.youtube.com/watch?v=ZoL80H7BGFE&ab_channel=WardenElite) + +**Edit 16 2:09PM:** + +Just verifying that I am indeed still here and not kidnapped by hedgies. Hello everyone! What another boring midday haha! + +**Edit 15 12:34PM:** + +Bit of a ---------> midday. Hope power hour is a bit more fun! + +**Edit 14 11:46AM:** + +Increasing Call volume at the 170 strike causing a price bounce. + +https://preview.redd.it/s8c2rvwdi5u61.png?width=2461&format=png&auto=webp&s=2e2973820117edc0df1871be12473c7d376e7ec8 + +**Edit 13 11:26AM:** + +Finally testing the 163 support I speculated on on stream. Patience my friends. We may not see any explosive power today, but that won't make me any less bullish on this stock. + +https://preview.redd.it/c0bqn41pe5u61.png?width=2141&format=png&auto=webp&s=cbff25c8f777e26b6ffa47737e1e4c3762d65b0f + +**Edit 12 10:56AM:** + +Volume slowing down, we can bounce within the 165.5 - 169 channel. + +https://preview.redd.it/pwgo2tad95u61.png?width=2137&format=png&auto=webp&s=e336d9df1c9e5fb8f1bd6a8766f336fbd4929d63 + +**Edit 11 10:45AM:** + +Volume hasn't really picked up. Broader market dragging GME down a bit. + +**Edit 10 10:35AM:** + +If volume picks up, we can continue the ascending channel. + +https://preview.redd.it/u8s028im55u61.png?width=2132&format=png&auto=webp&s=2757169d3e14c2d0b9b7f2093fe5ff71e31c0c88 + +**Edit 9 10:31AM:** + +Volume slowing down. We might consolidate around 171.5. + +**Edit 8 10:25AM:** + +The pickup in volume has resulted in GME favoring the upside. 174 resistance is next. + +**Edit 7 10:14AM:** + +GME inverted the SPY a bit. That negative beta eh ;) + +**Edit 6 10:10AM:** + +SPY tanking a bit. + +https://preview.redd.it/6gbfqpj415u61.png?width=2129&format=png&auto=webp&s=cf298ddfb9fc3032e47ddbc1c309e2ec5e543081 + +**Edit 5 10:00AM:** + +On low volume, we may move down a bit and then consolidate. + +https://preview.redd.it/ylw9lnngz4u61.png?width=2146&format=png&auto=webp&s=8fab63b1425709604d221f137b684d3c54c38c7c + +**Edit 4 9:46AM:** + +Bouncing within the 165.5 - 169 channel. + +https://preview.redd.it/rm4kqtxww4u61.png?width=2138&format=png&auto=webp&s=d266ab380d8b8e9804b7d1dbb28b8f687378373c + +**Edit 3 9:37AM:** + +Slight gap fill, two possible Fib support levels for a bounce. + +https://preview.redd.it/6e9gcrr8v4u61.png?width=2139&format=png&auto=webp&s=8472f5f46f75c9e1b13944170a6cac72018a777e + +**Edit 2 9:31AM:** + +823k volume 1st minute. + +**Edit 1 9:29AM:** + +Added 163 support. + +# Begin Reading Here + +https://preview.redd.it/e335lbn3s4u61.png?width=2560&format=png&auto=webp&s=7ed78f58d680ca111b4e3e71bb7b4378b30960f8 + +Gooooooood morning my fellow apes! + +The destined Monday bounce has come. Market open is going to a be a bit crazy. + +Tune in to stream here: + +[https://www.youtube.com/watch?v=s5weu1LzWTc&ab\_channel=WardenElite](https://www.youtube.com/watch?v=s5weu1LzWTc&ab_channel=WardenElite) + +# Premarket Analysis + +Up 11% as of now. We sliced through a diagonal resistance and now we'll be testing the 177 resistance above at market open. + +https://preview.redd.it/xadzsy0as4u61.png?width=2141&format=png&auto=webp&s=74305eb35bfbb565e298026853ad0cd4cd4a9989 +It doesn’t mean that the shorts have covered. It could just be traders realizing what is going on and we go through a new phase of pre-covering price discovery. Don’t let a 4 figure share price turn you into a paperhanded bitch. The margin calls and liquidations will take time. And the prime brokerages making the margin calls are basically pulling the trigger on themselves. So expect major fuckery. + +As cosmic lighting warrior put it last night, Ryan Cohen is the new pit boss, and the SEC/DTCC‘s table is about to get fucking flipped, and the players are going to move over to Ryan’s new NFT table. + +It’s going to take a long time for the players to cash out their fraudulent poker chips. It’s going to get messy. Speaking for myself, simple logic demands that I hold until earth shattering amount. + +We are looking at possibly the single biggest financial event in human history. +[I had to delete and repost this, because I accidently broke a rule the first time. Kind of difficult to discuss because of brigading rules, but I'll try...] + +A screenshot in the Loopring sub caught my attention. u/jetsetrichie was pleading with a mod of another *unnamed* sub, to allow conversation of their currency. + +As Loopring started taking off, all communication of it was banned, and there was really no great explanation that I could find. My expertise is mostly in stocks, so I don't follow CC subs. But apparently it hasn't happened there before, even when other, less superior currencies started surging in the past. So yeah, seemed quite strange to them too. + +It really reminded me of how and why we all made our way to Superstonk months ago. + +I know we've all been through it, but it still feels so bizarre. +Pulte buys 6 figures worth of GME. He is very vocal about GME. He does an AMA with us. Hedge funds contact him to ask what he is doing. The next day 75,000 puts are place on his “previous” company PulteGroup Inc. We are for sure winning. Why would Hedgies attack someone who is “throwing their money away on meme stocks?” +Answer: HEDGIES R FUK + +Edit: He is no longer involved in PulteGroup Inc. +As part of a continuing series in which I disclose my strategy of using the wheel on dividend-paying stocks to maximize income. + +For those who haven’t read the original post, please do so because it is crucial that you understand the strategy I am using. + +Some important abbreviations: + +STO = Sell to open (an option was sold) + +BTC = Buy to close (an option that was previously sold was bought to close out the position and free collateral) + +DTE = Days to expiration (how long until the option expires) + +Following up from my $MPW play: + +I had sold 5x $22 puts for $500 premium + +Today I STO 5x 04/16 $22 calls for $125 premium + +Total premium collected = $625 + +Annualized return on collateral = $625/$11,000 * 100 * 12 = 68.18% + +For me, the annualized return isn’t the most important part. The most important part is how much premium we got. In one month I received $625 in premium. That corresponds to a little more than 3 quarters worth of dividend payment from this stock! + +$625 premium will be used to buy more shares of $MRK (seems very undervalued right now) + +I am making my trading strategy available to the sub so we can compare my strategy to a buy and hold strategy with respect to total return and income. + +Happy to answer any questions. + +Also, considering just making a public spreadsheet to track my trades over time. Let me know what you guys think. +[https://online1.gsb.columbia.edu/value-investing/?thank\_you=true](https://online1.gsb.columbia.edu/value-investing/?thank_you=true) + +&#x200B; + +Has anyone taken the above course? Any feedback on it? + +Thank you in advance +I am pretty new to investing. I was reading an article in which the treasury secretary has suggested that if the debt ceiling is not raised before October 18th the US economy could tank. How big of an issue could this be? +I feel like all we ever hear about is how Tesla is going to be taking over the world in five years. I don't know much about it, but curious to hear people's actual bear cases, not Cathie Wood's where it is worth 1500$ a share, or who has made a good bear case for it in the past. +There are different capital gains taxes in different countries. Some countries, such as Portugal, do not have capital gains for crypto. Can one move to (for example) Portugal and live there temporarily and then sell assets / investments and pay a lower capital gains tax? + +I’m not trying to break the rules - I’m trying to find out what the rules are! +I recently inherited 1/4 of my childhood home and would like some advice on my situation. + + + +The property is equally split among 4 of us, and 2 owners prefer to sell, while the other 2 (including myself) would like to explore the option of renting it out. With 50% ownership between the 2 of us, we will need to buy out the other 2 owners but I am not sure how that process works from a legal/financial standpoint. + + + +The house is worth about $100k, but we really don't know what kind of repairs might be needed beyond a few obvious issues. I am assuming that some kind of inspection or appraisal would be the next step in evaluating the condition of the house so we can start to figure out the true value and work out the finances. + + + +What would you do if you were in my situation? The relationship between the 4 of us is pretty good so as long everyone feels they are treated fairly (and I understand that may be a big if) I think we can figure out a plan that works for everyone but I'm not quite sure how to even get started. Can anyone help??? + + + +Thank you!! +I loathe markets which lack pricing transparency. Talking here one-off charters (could be shared) NetJets, that sort of thing. Seems like no matter where I check, you always have to fill in specific itineraries or call for quotes, etc. + +Would love to hear from any folks who have actually used private travel in the US, say NY to Denver or SLC, NY to LA, that kind of thing. Ideally family of 4 + stuff. Could be a shared flight on a somewhat larger plane. + +Also interested in NY to Europe pricing, though I gather that's a whole other ballgame price wise + +TIA. + +EDIT: just to say THANK YOU to everyone who responded. I appreciate it and will try to get to all the comments. +There’re so many possibilities browsing through my architect’s portfolio. Some ideas seem nice, but it’s unclear if I’d use them. I’d like to get a sense for what features you chose and what you think of the choices after living with them. + +Examples: +Media room +Wine cellar +Sport court (squash and basketball appear most common) +Indoor pool/hot tub +Sauna +Garage car lifts +Gym (This one I’m fairly confident I’d use as I currently have an office converted to a gym) +Bouldering wall +Basement bar/rec room +The MSM are straight up lying to our faces. You only have to look at the buy / sell ratio at Fidelity to know that retail isn't selling shit. + +I now live by a simple rule, every time I see a "Forget Gamestop" FUD article by the Motley Fooks I buy 1 more GME regardless of the current price. It's my way of giving a middle finger to these fuckwits before their lies are laid bare for the world to see. + +We're not fucking leaving. +[We moved!](https://imgur.com/gallery/W3TGEMQ) + +This is the final installment of post [number 1](https://www.reddit.com/r/fatFIRE/comments/h9q54f/how_much_house_is_too_much/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) and [number 2](https://www.reddit.com/r/fatFIRE/comments/hip6yj/how_much_house_is_too_much_part_2/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) exploring how much house is too much. + +We closed on a newish <4,000 square foot home last month, almost three times the size of our last place. + +The mortgage is ~$9,000/mo, which doesn’t feel great on the way out, but is justifiable considering the perks. + +The perks: There is space. Space space space. Space to make a mess, space to walk around, space to put something down, space to pick something up, space to not notice when a contractor is in your house, space to have a conversation, space to cook, space to sleep, space space space. Additionally, it is walkable to everything, which was our number one criteria. + +The downside: Maintenance. After an initial flurry, I’ve acclimated to a fairly regular schedule of checking on and fixing things. Some things are small like light bulbs and some things are big like pool chlorinators, but they are things, and they need constant attention. + +Apologies if this is anticlimactic. The new place is fantastic. We are happy we moved. I throw our children in the pool every day to tire them out. This is pretty awesome. + +Thank you to everybody who helped to guide us in this decision. + +And to complete the series with a final answer to the question “how much house is too much?” the answer is... *more than what you need, and just more than you can take.* Anything between your needs and your means is perfect. + +Best regards, +A +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +I have come to realize that it isn’t enough to buy and hold the underlying security. You should be compensated for it. Those dividend payments definitely add up and can, if dons right, be good supplemental income +So I am a young entrepreneur (barber, 25yo) trying to build investments for my future. I’m mostly focused on buying ETFs and index funds for the long run. I do all my investing through RBC direct investing, (no mutual funds just investing what i can spare, diy)using my visa points for transaction fees. + +Recently a lot of friends have been telling me I should switch to wealth simple but I’m hard pressed to find the real pros and cons of something like wealth simple in comparison to RBC DI. What are the differences between major bank investing and these apps? Would they be of any benefit to someone like me seeing as I don’t pay for transactions anyways? +My partner and I have everything locked in to purchase a property that we really like. Settlement was today. + +The realtor calls us yesterday (one day before settlement) to say the air conditioning has broken and the quote to fix it is $8000. + +We prolonged settlement for two weeks due to finance, and for this reason she says we should go 50/50 with the seller to fix it. + +It’s a bit of an uncomfortable situation. + +We went $20,000 over budget through negotiations with the seller to begin with. +We don’t feel responsible for paying it but their argument is that if we went on the original settlement it would be 100% our problem and that this is fair for everybody. + + +What would you do? Would you pay to fix the air con? Would you not? + +Really torn. +I’m in my late 20s and own a home in suburbia. Bought for 365k and now it’s estimate is anywhere from 535k-570k. I’ve been in for just over 2 years so I would essentially have roughly 200k-250k in tax free money if I sell. Only thing is I have a once in a life time rate of 2.2% interest on a 15 year loan and feel like taking the cash would be a dumb idea in the long run. + +Personal issues with the house is that I went thru a rough breakup earlier in the year and being single in suburbia is pretty damn awful. Not to mention that this was “our” house even though I owned it outright, so there’s a lot of memories here and I just want to close that chapter of my life. This is part of the reason I’m against renting it out, along with the constant need of having to keep a rental property running. + +I’ve talked to multiple people about this and it’s been 50:50 on their responses. Is the mortgage too good to walk away from or am I dumb for not taking the money? + +Edit: adding in extra info on the scenario: + +Other considerations: I’m currently commuting from suburbia to grad school in the city (25-40 mins 2x a week) so I would rent something closer, I’m ok with a higher rent, all my friends live near where I’m looking to relocate if I sell, I make enough and have enough savings to cover moving/closing costs comfortably, family member is a realtor and is willing to help out with the fees. +My goal was to be better skilled and richer than the paid members because I couldn’t afford a subscription. I spent countless days mining coal in Falador and then walked to Varrock. I mined iron in Varrock and then walked back to Falador. I forged it into steel and then went to sell them in world 1. I repeated this for weeks until I had a rune set. I bought rune sets for 200k and sold them for 210k. I reaped the margin until I made millions. I spent eternity in world one buying and selling. I got a green haloween mask for 35mil. I traded green haloween masks until I could buy blue for 45m. Blue then red for 55m. Red then red AND blue. Red and blue then red, blue AND green. The whole set. I spent lifetimes clicking, mining, walking, trading, profiting, all because the game was rigged against poorer players and I wanted to shine. I did all this for my own pleasure. I walked around with pride wearing my mask set. + +YOU THINK I CAN’T HOLD A STOCK FOR MERE MONTHS KEN? A STOCK THAT CAN LEVEL UP MY MATERIAL LIFE?! This is child’s play to me. + +edit: thanks for the awards and likes gang 🥲 lots of ppl vibing in the comments. who knew that Runescape was merely Tutorial Island for the REAL game. The final game. GAMESTOP. +💎🤲 is all u gotta do.. ask yourself why would they tell u to sell?? Why would there be a huge influxes of new reddit accounts saying gme is dead why would u get pms saying they sold and gme is over ... + +BECAUSEE ITS WHAT THEY WANT YOU TO THINK +There was obvious short ladder attacks today again on amc and gme they would never ever take over a sub reddit if they were done with the stock or were out it makes no sense everything points towards that we 🦍still have the upperhand 💎🙏🙏 been short ladder attacking for 2 weeks now to get us to sell yet we just buy more and hold were literally touching them where it hurts + +JUST hold if there wasn’t anything worth holding they wouldn’t spent all this time and money on reddit bots shills peoole whoever the fuck also if u are down 70% WHY WOULD U SELL UNLESS ITS FOR YOUR FAMILY that needs money to pay for bills.. + +Holding isnt losing were fucking them cuz they want us to sell but we 🦍 likes stocks at low price so we buy more invest what u can afford to lose ... this battle has only just began people saying the hype is down lets get jt back up.. sorry if im 💎🤲💎🦍 Smoothbrain but if they’re trying so hard to get us to sell then theres a literal fucking under goldmine here on both amc and gme Bring back the hype we havent lost yet we never lost its us the poor people vs the system and HF fucks so lets fuck thEm up HOLD💎💎🤲🤲🦍🚀🌚🌚 they’re literally losing billions due to us 💎🤲🦍🦍🦍 stronk + +No financial advisor just annoyed fucktard 🦍💎🤲🤲🤲🤲💎💎💎💎💎🚀🚀🚀🚀 sorry if fhis id fucked im on some shit but fucking hold! +Play with money u can afford to lose aand fight against them we definitely have the upperhand letd show them were.not falling for some dumbasstricks +💎🚀🤲🤲🤲🤲💀💀🦍🦍🦍 im hodling. Till i die i will never sell for loss 💎🤲🚀🌚 im high af i hope rhis gives the sub a bit hmpf aslong as theres bots saying gme is dead gme is a goldmine! 💎💎💎💎💎 we 🦍🦍🦍 strong 💪 together 💎🤲🤲🤲 +I have been approached and offered a job that not only offers a 30% pay rise but also a huge benefit for my career. I have a lot of respect for my current employer and I like my team but this is a rare opportunity and I feel like I need to take it. What is the best way to resign in a way that I hurt people's feelings the least? +What makes a BSC token stand out from the *thousands* that have come out in these past few months? The developers. + +Specifically developers that know how to properly deliver on the promises they made to their investors, and Saturna has been nailing this, from the delivery of a comprehensive **NFT marketplace** to adding **P2P functionality.** + +Every single hour we get some new copycat token promising to be the next big thing without being able to actually deliver and soon dying after one or two weeks, and I’m sure most of us here have fallen victim to those truly degenerate scam coins. + +It’s why tokens like Saturna are a breath of fresh air in this current clogged ecosystem of low effort coins with no plan. Why do I say this? Look at what Saturna has achieved so far. + +* A **$100M market cap** in its first week since launch +* Listed on multiple different exchanges with a ton of partnerships +* **55,000+ Holders** within the first month +* An entire NFT marketplace while **NFTs are exploding** +* Continuous marketing via influencers and advertisements +* Constant communication from the team +* **300% price over the last few weeks** +* Developers that actually deliver on what they set out to do, and ones that work to constantly make the token better even when the market isn’t what it was + +What we want to see now more than ever are teams that have actually proven themselves to be trustworthy, ones that are willing to work no matter the condition the market is in because they understand it will recover after some time. + +And what have we seen happen to tokens that were previously 95% down but lasted into the next bullrun? Nine, even **10 figure market caps**. Just look at **SHIB** or **HOGE.** And I think Saturna will be no different. + +🪐 [Website](https://www.saturna.co/) 🪐 + +‼️ [Telegram](https://t.me/saturna_TG) ‼️ + +🙌 [Twitter](https://twitter.com/SaturnaToken) 🙌 + +🎨 [NFT Marketplace](https://marketplace.saturna.co/) 🎨 + +🖌️ [P2P Preview](https://twitter.com/SaturnaToken/status/1411449972533379078) 🖌️ +So current situation. I have a multi, (4 unit house) owe 130k market value about 400k. Then I have my home. Owe 150k market is at least 260k but on average properties in my area are selling 60-80k over right now. Rental income when all units are filled is 4200.00. + +I live in the Buffalo area. The rental property is in an extremely popular area that had a huge price increase about 10 years ago and it has probably peaked. My current home is in a suddenly hot area, a small "suburb" adjacent to another really hip trendy neighborhood that we tried to buy in originally in 2014 but got out bid by 30-50k on everything we offered back in then. So we settled here. + +I don't love my home but there's certainly nothing comparable out there for less than 300-400k. + +I was thinking about selling it and just moving into one of the units in my rental property. My mom would move into another (she lives with us now and it's... An experience). It would be a substantial downsize for us to move into a 2 bedroom apartment from our 4 bedroom home but I guess I'm thinking other than the major pain of moving this may be overall a low risk.move? The market might not get much better for buyers but can it get much worse?? If at minimum a correction is coming or at worst a bubble bursting, would this be the best way to dump.thebhouseni don't love and use the money to pay off debt, save up and then buy a more favorable home in a a few years? + +I'm sorry if this is super obvious. I have been struggling with this decision for over a year and considering the other options of keep current primary house and try to like it more, sell and buy probably an overpriced nicer house which I'm terrified of being underwater on. Buy a double(again overpriced) with my mom taking a unit and us taking one but with more.room (a 3/3 ideally). + +A bit more info: +I bought the rental property from family in 2016 and actually have really sucked at managing it, not because of poor demand but more because I have so little time to get over there and make repairs and get units ready between tenants because of my full time job and i seem tobe clueless for finding reliable.people.to do repairs/upgrades. I have been turfing a lot to my husband who just isn't interested/motivated and i just wasn't confident in my own property management skills but I am SO ready to learn!! + If we moved in two of the units we would lose about 2k in rent but right now the units are empty anyways so...🤷 + +TLDR: +Considering selling primary home in this hot market (cause i think i want to sell it anyways) but just staking out in one of my rental units until we see if a correction/bubble burst is on the near horizon. + +Thanks for any advice or suggestions! +I've been looking for some cheap investments while COVID-19 has the market in a slump. Ideally trying to find stocks which hadn't returned to their original potential, and appear to be cheaply valued. Potentially Reach (RCH) on the London Stock Exchange meets that criteria. + +&#x200B; + +https://preview.redd.it/jocg5fxuu2751.png?width=800&format=png&auto=webp&s=ab3b0d5a4e8fa806d635dadec2cc63913a5491f7 + +**Who Are Reach?** + +If you haven't heard of the name before, don't worry. Reach is a collection of UK print and digital newspapers and magazines, some focusing on national news, others on gossip and celebrates, and a few on hyper-localised news. They are the largest commercial national and regional news publisher in the UK, with over 150 national and regional multichannel brands including the Mirror, Express, Star, OK!, New!, Daily Record, Manchester Evening News, Liverpool Echo, WalesOnline, MyLondon and BelfastLive. + +&#x200B; + +https://preview.redd.it/bpm4y6tvu2751.jpg?width=678&format=pjpg&auto=webp&s=1f95b709dc3c26c7dd235172dac0f444e112f983 + +Source: [Reach 2019 Annual Report](https://www.reachplc.com/static-files/4af444f5-7bd1-4bd8-a533-0fb65867b208) + +You might think a print-based company would be the last investment you would want to make when you think about the world in five or ten years. Keep in mind, in December 2019, Reach sold 40m newspapers and reached a digital audience of over 47m people in the UK, their digital offerings are growing. + +With a new CEO who joined back in August 2019, a period of operational focus after buying the Daily Express and Daily Star, and now with COVID-19 there are a lot of headwinds that Reach are battling. + +As this is a UK listed company, it's harder for us to get up to date information, as the fundamentals update bi-annually. Thankfully we have seen a trading update which we can talk about later on. + +**How Does Reach Make Money?** + +Print has been in decline for several years now, with that in mind it's important to make sure Reach is actively looking to diversify their income. + +&#x200B; + +https://preview.redd.it/vwhruwpwu2751.jpg?width=625&format=pjpg&auto=webp&s=7d7fff695a529ca7292ec0f891e6a897cf810021 + +Source: [Reach 2019 Presentation](https://www.reachplc.com/static-files/bdbc3c14-e564-4709-9768-ca1c07a95bef) + +As we can see, they are expanding the digital revenue but it is massively behind print, and print is declining faster than digital can replace it. + +&#x200B; + +https://preview.redd.it/bnmoa5kxu2751.jpg?width=603&format=pjpg&auto=webp&s=cb02f50bb3975598bc03936f2945e3af87a51d82 + +Source: [Reach 2019 Presentation](https://www.reachplc.com/static-files/bdbc3c14-e564-4709-9768-ca1c07a95bef) + +Looking at the breakdown for print it's the advertising which is in decline above everything else. As advertisers move to more holistic, trackable, and cheaper methods it's hitting Reach's top-line revenue. + +That isn't to say Reach doesn't love advertisers. The digital offering is the new powerhouse in terms of what can be done for advertisers with customers data. + +&#x200B; + +https://preview.redd.it/o5rc4meyu2751.jpg?width=1263&format=pjpg&auto=webp&s=6d7d21969cded7066ec9310306ad5dbe29c9ecf0 + +Source: [Reach 2019 Presentation](https://www.reachplc.com/static-files/bdbc3c14-e564-4709-9768-ca1c07a95bef) + +The digital aspects of Reach have been tailored to build up a complete picture of you across all their brands. The more data they collect, the higher fee they can charge for more targetted advertising. Reach has already made this a priority within their traditional print outlets to ensure they have a strong digital offering. The vast expanse of outlets and the hyper-local solutions drastically increases the odds of Reach being able to offer you up to advertisers. + +**Is Reach Fundamentally Strong?** + +Reach has brought up other brands, currently going through an integration, and digitally upscaling their efforts, which all sounds very expensive. + +&#x200B; + +https://preview.redd.it/jaznrx5zu2751.png?width=704&format=png&auto=webp&s=c46c7fe77d8024a4a460e5f9688203a56fe66f74 + +Source: [Genuine Impact](https://www.genuineimpact.io/) + +I was taken back and impressed to find some pretty sable fundamentals for Reach. Even compared to investments in the US, Reach was showing up as a cheap buy and had a solid balance sheet behind it. + +Naturally, we want to dig into the raw data to make sure we understand the business a bit more. + +Carrying on with the finances, let's talk about the revenue again. Bringing in £702.5m worth of revenue is a pretty decent figure, as we know it's what happens next which matters. + +The gross margin is not as high as I normally like, 47.23% means you are losing half your revenue just to make any money at all. The print business is an expensive one to be in, and this is something Reach is looking at reducing. With the two new brands on board, there are more savings to be made there operationally speaking. + +Where I start getting impressed is the profit margin of 13.42%. This dipped in 2018, due to buying the other brands. + +We also see a return on assets of 6.60%, and a solid return on equity of 15.81%. One thing Reach gets right is putting money to good use. + +Seeing how Reach just brought some new brands I wanted to check out the debt to see if there were any clear red flags. + +&#x200B; + +https://preview.redd.it/1pegtg00v2751.jpg?width=1389&format=pjpg&auto=webp&s=ccaba168a64ea98071f77964d849e15a4bfb625d + +Source: [Wallmine](https://gb.wallmine.com/lse/rch) + +Debt to assets of 52% is higher than it needs to be but not uncomfortably so. We do know they have drawn down an additional £25m in debt to protect their cash during COVID-19, considering the current debt is £693.2m this isn't a dramatic change. They also have £35m left on their credit facility if they need it. + +Speaking of debt, I wanted to have a closer look at the balance sheet. In terms of cash, we have £20m plus £102.2m in net receivables. Then things get weird. £224.9m in equipment (told you printing was expensive) and £810m of intangible assets. These very high intangible assets could well be the value of the "brands" rather than anything you should be taking debt against. When you consider this, the debt to assets percentage isn't as attractive. Removing £810m from the assets brings it down to £518.6m, and suddenly the debt looks a bit more serious. + +While COVID-19 has stalled many dividend payouts, including for Reach, it's worth mentioning as when this dividend returns it's one to hold onto. An 8.34% dividend yield which has grown for the last four years, it's suspended right now but will be returning. The payout ratio is only 20.79% meaning as the price increases the yield will drop again. Though keeping 80% of the profits does allow Reach to keep building a war chest and hopefully chip away at that debt. + +**Is This A Value Purchase?** + +The price has seen a COVID-19 related drop, and we have had some tame news about revenues being down but digital being up. We already know that a hit to print is a meaningful cut against the top-line revenue. + +&#x200B; + +https://preview.redd.it/4tfxvcu0v2751.jpg?width=767&format=pjpg&auto=webp&s=f7689eaab46c9662c6fe3ef91cd713761e56aabe + +Source: [Google Finance](https://www.google.com/search?q=LON:+RCH&stick=H4sIAAAAAAAAAONgecRoyi3w8sc9YSmdSWtOXmNU4-IKzsgvd80rySypFJLgYoOy-KR4uLj0c_UNkrPTKy2MeQCRVTbtOgAAAA&tbm=fin#scso=_J770XpTDEYWy8gLD0bq4Cg1:0) + +The price still hasn't recovered, and until the UK is back to work it's unlikely to. Reach won't be able to replace the missing revenue, but they can speed up their digitalisation. + +It's worth noting the high intangible assets will inflate any figures for value hunters, and Reach has used this to help them raise more debt. Assuming we think these assets do hold their value, what does that mean for Reach's numbers? + +A price to earnings of 2.55x is extremely attractive compared to the rest of the UK market, this is being boosted by a strong EPS of 31.50x. Looking elsewhere the numbers are much lower. Enterprise value to sales of 0.32x, and a price to book of 0.39x. + +This gives us some nice headway in terms of the assets they hold, but it comes down to your belief in their balance sheet and how successfully will they bounce back. + +**What About The Future?** + +Reach-ing into the future the sell-side analysts are optimistic but not sold. In terms of the share price growth, the expectation is recovery is incoming. For a one year position, this makes Reach very interesting. + +&#x200B; + +https://preview.redd.it/3m908em1v2751.png?width=1080&format=png&auto=webp&s=7e64b6ea4c0427c7b1a44b2d78cf9d760f623f5c + +Source: [Genuine Impact](https://www.genuineimpact.io/) + +To turn this growth into hard numbers, we are looking at a target price of £1.25\~ versus the current price of £0.80\~, a 55%+ increase. However, this is not enough to push all analysts into a buy position. + +&#x200B; + +https://preview.redd.it/26plxxc2v2751.png?width=1080&format=png&auto=webp&s=1d6d0467f8b6abf5124a75be89296f1edc4b3d32 + +Source: [Genuine Impact](https://www.genuineimpact.io/) + +With no clue about when the UK will return to normal, and will the UK buy as many papers again, this is a dark cloud above the share price. + +Analysts are moving into a more defensive position to wait and see, for either the momentum to pick back up again or until Reach announces more promising news in future trading updates. + +**Summary Pros** + +* A massive brand which is focused on improving its operational ability +* Big focus on going digital and expanding their offering +* The promise of higher dividends in the future +* Undervalued still because of COVID-19 and the print business + +**Summary Cons** + +* No clue about the success of print post COVID-19 +* The assets and debt against them is questionable +* After spending so much money having COVID-19 means another profit slowdown +* Will advertisers come back and what does advertising look like right now + +**My Thoughts?** + +It's an old business which is trying to go digital but it still makes so much money through print. Will COVID-19 make them change their ways and drive forward with more digital innovation? + +Long term the debt can get out of control, and being the biggest doesn't mean being the best. They have a strong digital appeal but they aren't making the most of it. + +As a long term investment, it comes down to what they can do digitally and turning digital into a meaningful revenue stream. + +Short term if you are hopefully about the UK returning to "normal" then we can expect a spike with more people returning to work. If working from home becomes the new normal, there will be long term damage to Reach. + +What do you think? Is this a hopeful buy based on the UK returning to work, or do they have more to offer on the digital side? Or maybe they are an old company which has seen their day? + +Let me know what you think, I always welcome any feedback! + +Thanks for reading and stay safe. +I have been approached by a friend who has said yes to someone buying and trading Forex under her name. This had alarm bells ringing for me and I am trying to dissuade her. +What are the implications here both legal and finance. +The first thing I asked was why the person wasn't trading on their own name. Apparently the person does not have clearance to trade. +If there were no Federal Reserve setting interest rates how would the free market determine interest rates? My thinking is that the steady-state of free-market interest rates would approach the level of inflation. +&#x200B; + +https://preview.redd.it/t74oub0j9t581.png?width=279&format=png&auto=webp&s=9a0623cc4a6add97baae3d3ce2fe9aeed9396646 + +**TL;DR: Alongside the SEC comments from** [**deepcapture.com**](https://deepcapture.com) **on Jim Cramer & Dendreon, Overstock CEO Patrick Byrne publicly called out Jim Cramer and CNBC by name nearly 12 years ago to the day in a press release to all Overstock shareholders.** + +I'm not the first Superstonker to have found this (I'm pretty sure), but alongside u/missing_the_point's post on Jim Cramer's behavior with regards to Dendreon, I thought this was also relevant. I mentioned this originally in my old Adoboli DD (for the years 2009-2011: [https://www.reddit.com/r/Superstonk/comments/mp1m53/gme\_player\_profile\_ubs\_naked\_shorts\_2011s\_adoboli/](https://www.reddit.com/r/Superstonk/comments/mp1m53/gme_player_profile_ubs_naked_shorts_2011s_adoboli/)) but Overstock CEO Patrick Byrne PUBLICALLY called out not just Jim Cramer but CNBC & more in a shareholders' letter...THAT YOU CAN STILL READ ON THEIR [OVERSTOCK.COM](https://OVERSTOCK.COM) PAGE. + +[https://investors.overstock.com/news-releases/news-release-details/rocker-pays-5-million-overstockcom-settle-lawsuit](https://investors.overstock.com/news-releases/news-release-details/rocker-pays-5-million-overstockcom-settle-lawsuit) + +Here's the text: + +>\*\*'A fine victory for Overstock, a triumph for the cause of cleaning up US capital markets' says CEO Patrick Byrne.\*\*SALT LAKE CITY, Dec 08, 2009 /PRNewswire-FirstCall via COMTEX/ -- Overstock.com, Inc. (Nasdaq: OSTK) today announced that Rocker Partners (now known as Copper River Partners) will pay $5 million to Overstock.com to settle Overstock's claims against the remaining defendants in its case against Rocker Partners, David Rocker, **Marc Cohodes**, and the management companies and hedge funds they controlled and advised. The defendants have agreed to dismiss their cross-complaint against Overstock.com and Patrick Byrne. Below is a letter from Patrick Byrne, the company's Chairman and CEO, commenting on the settlement (see our story at DeepCapture.com for full details). +> +>**Dear Owner:** +> +>**The good guys won.** +> +>I announced Overstock's lawsuit against Rocker in an August 12, 2005 conference call I titled, **"The Miscreants' Ball". In that call (and in subsequent elaboration on DeepCapture.com) I claimed that** [**a network of dirty Wall Street players**](http://www.deepcapture.com/someday-i-may-sac-up-and-be-more-explicit-about-the-sith/) **was engineering modern bear raids, destroying companies and destabilizing the system. I claimed that the network of hedge fund manipulators and compliant reporters intersected in a dirty** [**journalist named Jim Cramer**](http://www.deepcapture.com/jim-cramer-is-a-complicated-man/). In the network, I claimed, **were hedge funds such as David Rocker's; putatively independent research firms like Gradient which essentially took dictation from hedge funds; a small group of financial journalists such as Herb Greenberg and** [**Carol Remond**](http://www.deepcapture.com/carol-remond-tells-a-joke-about-copper-river-that-she-doesnt-get/) **who, it appears, also took assignments from this hedge fund network;** Milberg Weiss (a plaintiff's class action law firm which was coordinating its lawsuits with these bear raids); and [Eliot Spitzer](http://www.deepcapture.com/eliot-slowhand-spitzer-his-many-sugar-daddies/) (whose investigations as New York's Attorney General mirrored the trading activities of these hedge funds, which were among his largest backers). **In addition, I said that the SEC was saying grace over all of this because they had become hopelessly "captured" by Wall Street's worst elements.** +> +>**Since then, the SEC's turn-a-blind-eye deference towards Wall Street has been revealed by the Aguirre and Madoff-Markopoulis affairs (if not much more);** Milberg Weiss imploded under DOJ indictments and its leaders were jailed; Jim Cramer was exposed on national TV for the scoundrel he is; Eliot Spitzer was also exposed (but not yet, I believe, for his real connection to this crew); Herb Greenberg and others of the journalists I named have crawled under rocks (or gone to work for the hedge fund network for which I had so implausibly claimed they were shilling); **David Rocker's hedge fund melted down (thanks,** [**according to DowJones**](http://www.deepcapture.com/carol-remond-tells-a-joke-about-copper-river-that-she-doesnt-get/)**, to the SEC finally closing the gaping option market maker loophole against which Overstock had been lobbying for three years - if only, the SEC would not institute a pre-borrow requirement)**; and Rocker Partners is paying Overstock $5 million (that is on top of Gradient's earlier retraction and apology, and any monies Gradient paid which I cannot disclose). +> +>So let's score that one for the good guys. +> +>**What is of vastly greater significance than this $5 million payment, however, is an examination of the cover-up conducted by elements of the New York financial press. Taking the lead was CNBC, which spent a great deal of airtime downplaying the significance of this suit, vilifying me, and smearing Overstock. For example, though less than 1/4 of the Miscreants' Ball conference call had even been about Overstock, and the remaining 3/4 concerned the modern bear raid,** [**CNBC aggressively distorted**](http://www.deepcapture.com/category/the-appendix/) **the former and refused to mention (or allow mention of) the latter.** This pattern was followed with suspicious alacrity by some of the more prominent members of the New York financial press, some of whom (e.g., [Bethany McLean](http://www.deepcapture.com/bethany-mclean/)) saw some public emails which demonstrated precisely the relationship I had suggested, and some of whom (e.g., [Herb Greenberg, Joe Nocera, and Dan Calaruso](http://www.deepcapture.com/the-stories-behind-the-rocker-and-gradient-lawsuit-story)) were later secretly taped trying to persuade other journalists to engage in a cover-up. U**ltimately, I resorted to creating a website of investigative journalism called** [**www.DeepCapture.com**](http://www.deepcapture.com/) **(winner of the 2008 Weblogs Award for Best Business Blog), at which point CNBC,** [**Fortune**](http://www.deepcapture.com/why-are-fortune-magazine-and-the-new-york-financial-media-suddenly-pimping-sam-antar-the-crook/)[**Magazine**](http://www.deepcapture.com/roddy-boyd-sucks-it-like-hes-paying-the-rent/)[**Joe Nocera**](http://www.deepcapture.com/anti-investigative-reporter-joe-nocera-and-the-newspaper-of-non-record/)**, etc. developed sudden cases of laryngitis about me (lest they have to mention the website where my opinions were expressed without filtering: DeepCapture.com).** +> +>**Now that Overstock has won, I would expect CNBC to invite me back to discuss these events, about which CNBC was so wrong and vocal. I estimate that the chance this happens, however, are roughly the same as the chance that any mainstream journalist who covers this $5 million settlement will mention DeepCapture.com, despite its having been central to these events.** +> +>**I believe that the two factors which most determine the long-term health of a nation are its education system and its capital market (that is, its systems for developing human capital and for marrying it to financial capital). The miscreants of Wall Street may not be numerous, but they work together, and their blackguard ways impose an enormous social cost on our country.** Presumably that claim will strike many as more plausible than it did when I first began publicly making it in August 2005. +> +>I'd like to thank the late John O'Quinn, in whom I found an ally. I wish also to thank Overstock's fine legal team at Stein & Lubin for the superb work they did on this case. They will now be turning their full attention to Overstock.com's pending suit against the prime brokers (see below). +> +>Your humble servant, +> +>Patrick M. Byrne +> +>*History of the Rocker Case* +> +>In the landmark case, filed in Marin County, California August 11, 2005, Overstock.com, along with shareholder plaintiffs, sued Gradient Analytics, Inc.; Rocker Partners, L.P.; Rocker Management, LLC; Rocker Offshore Management Company, Inc. and their respective principals. On October 12, 2005, Overstock.com filed an amended complaint against the same entities alleging libel, intentional interference with prospective economic advantage and violations of California's unfair business practices act. On October 22, 2008, Overstock.com amended its complaint to name as additional defendants Cathy Longinotti, Mark Montgomery, Phillip Renna and Terrence Warzecha because of their former or existing status as general partners of Copper River Partners, L.P. +> +>Overstock.com asserted that David Rocker, his partner, Marc Cohodes, entities under their control, and other confederates worked with the so-called "independent" research firm, Gradient Analytics, to defame Overstock.com by publishing false information in order to drive down Overstock.com shares and profit from their short positions in the stock. Overstock.com based its complaint on affidavits from four former Gradient insiders who swore that it was well known that Gradient worked closely with some of its short-selling hedge-fund subscribers to issue "special" negative reports on specific companies targeted by those subscribers, and that Rocker, among others, had special editorial privileges and coordinated publication timing to allow his hedge fund to position their portfolios in advance of publication. Overstock.com alleged that Rocker and Cohodes participated in suggesting and editing the false reports which were published throughout the period of 2004 to 2005, and which a judge, in commenting on the frequency of the attacks referred to as, "carpet bombing." Overstock.com also asserted that high profile reporters in the financial media were given unprecedented access to the Gradient reports for the purpose of further coordinated dissemination of the false Gradient reports in Rockers concerted effort to damage and defame the company and drive down its share price. +> +>On October 10, 2008, Overstock and Patrick Byrne reached a confidential settlement agreement with Gradient Analytics and its current and former principals. Those defendants have been dismissed from the case after issuing a statement of "regret," reversing Gradient's published positions on Overstock.com, and stating that Gradient had "examined and improved its internal policies concerning how it communicates with clients, including hedge funds, and the media." +> +>On May 14, 2009, the shareholder plaintiffs dismissed their claims against the Rocker defendants. +> +>On November 9, 2007, Copper River Partners, L.P. f/k/a Rocker Partners L.P. filed a cross-complaint against Overstock.com and certain of its current and former directors. The Copper River cross-complaint alleged cross-defendants engaged in violations of California's state securities laws, violations of California's unfair business practices act, tortuous interference with contract and prospective business advantage, and deceit. On April 23, 2008, the court dismissed Copper River's cross claims against certain former Overstock.com directors. In that same ruling, the court dismissed four of the six claims against one of the former Overstock.com directors (and later Copper River dismissed the remaining claims against that director). In a separate ruling on the same day relating to Overstock.com and Patrick Byrne, the court dismissed the common law fraud claims and equitable indemnity claims and eliminated the possibility of money damages under Copper River's claims that Overstock.com and Byrne engaged in unfair business practices. +> +>Trial for both the Overstock.com complaint and the Copper River cross-complaint were set for February 9, 2010. +> +>*History of the Prime Broker Case* +> +>On February 2, 2007, Overstock.com, along with five shareholder plaintiffs, filed a lawsuit in San Francisco against Morgan Stanley & Co. Incorporated, Goldman Sachs & Co., Bear Stearns Companies, Inc., Bank of America Securities LLC, Bank of New York, Citigroup Inc., Credit Suisse (USA) Inc., Deutsche Bank Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith, Inc., and UBS Financial Services, Inc. In September 2007, Overstock.com filed an amended complaint adding two plaintiff shareholders, naming Lehman Brothers Holdings Inc. as a defendant, eliminating the previous claim of intentional interference with prospective economic advantage and clarifying various points of other claims in the original complaint. +> +>This suit alleges that the prime broker defendants, who control over 80% of the prime brokerage market, participated in an illegal stock market manipulation scheme and that the defendants had no intention of covering short sell orders with borrowed stock, as they are required to do, causing what are referred to as "fails to deliver" and that the defendants' actions caused and continue to cause dramatic distortions within the nature and amount of trading in Overstock.com stock, as well as dramatic declines in the share price of Overstock.com stock. The suit asserts that a persistent large number of "fails to deliver" creates significant downward pressure on the price of a company's stock and that the amount of "fails to deliver" has exceeded the entire supply of outstanding Overstock.com shares. The suit accuses the defendants of violations of California securities laws and common law, specifically, conversion, trespass to chattels, intentional interference with prospective economic advantage, and violations of California's Unfair Business Practices Act. +> +>In April 2007, defendants filed a demurrer and motion to strike the Overstock.com complaint. Overstock.com opposed the demurrer and motion to strike. In July 2007, the court substantially denied defendants' demurrer and motion to strike. In November 2007, the defendants filed additional motions to strike. In February 2008, the court denied defendants' motion to strike the Overstock.com claims under California's Securities Anti-Fraud statute and defendants' motion to strike the Overstock.com common law punitive damages claims, but granted in part the defendants' motion to strike the Overstock.com claims under California's Unfair Business Practices Act, while allowing the Overstock.com claims for injunctive relief under California's Unfair Business Practices Act. +> +>Lehman Brothers Holdings filed for bankruptcy on September 15, 2008 and Barclays Bank has purchased its investment banking and trading business. Overstock.com elected not to pursue its claims against Lehman Brothers Holdings in the bankruptcy proceedings. On January 12, 2009, the prime broker defendants filed a motion to strike portions of the Second Amended Complaint regarding allegations of collective action among defendants and the request for punitive damages. Also, on January 12, 2009, the prime broker defendants filed a demurrer to the first and second causes of action for conversion and trespass to chattels and a motion to strike various other allegations of the Second Amended Complaint. On March 19, 2009, the court sustained the demurrer to the first and second causes of action, but granted leave to amend the complaint. The motion to strike was denied. On April 20, 2009, Overstock.com amended its complaint against all the defendants, re-pleading conversion and trespass to chattels causes of action. The prime broker defendants again filed demurrer to the amended complaint and, on July 23, 2009, the court sustained the demurrer. Discovery in this case continues. +> +>No trial date has been set. + +**TL;DR: Alongside the SEC comments from** [**deepcapture.com**](https://deepcapture.com) **on Jim Cramer & Dendreon, Overstock CEO Patrick Byrne publicly called out Jim Cramer and CNBC by name nearly 12 years ago to the day in a press release to all Overstock shareholders.** + +&#x200B; + +&#x200B; + +[edit 2: picture to break up wall of text](https://preview.redd.it/mq0rpdbpau581.png?width=1920&format=png&auto=webp&s=7861c3239d00e8bd75344c8b1c81efb0571e6a0e) + +edit 1: hopefully not hijacking own thread but curious if anyone can tell me if this is statistically a big increase, but posted this in a comment below from a research journal studying Cramer's show: + +[https://libres.uncg.edu/ir/asu/f/Hobbs\_Jeffrey\_2012\_Short%20Selling%20Behavior.pdf](https://libres.uncg.edu/ir/asu/f/Hobbs_Jeffrey_2012_Short%20Selling%20Behavior.pdf) + +Short Selling Behavior and Mad Money + +>We examine 1,234 buy recommendations from Jim Cramer’s Mad Money television show. Consistent with prior research, we report positive abnormal returns immediately after buy recommendations, followed by a reversal, indicative of an overpricing event. **We also find a marked increase in short selling.** Our results show a positive association between shorting and the buy recommendations even after controlling for factors shown in the literature to influence shorting. We do not find similar effects after sell recommendations. **These results suggest that short sellers act to exploit short-term overpricing arising from behavioral biases of some investors.** +> +>Our main finding is that there is a positive association between short selling and Mad Money buy recommendations, **even after controlling for a number of other factors previously shown to impact shorting activity...Engelberg, Sasseville and Williams (2011) report an overnight return follow- ing Cramer’s recommendations of 3% overall and nearly 7% for small-cap stocks. The authors also noted that as early as the day after a recommendation, shorting volume increases. ..** +> +>Additionally, we observe a spike in short selling activity around the time of the buy recommendation, most prominently on Day +1. For the NYSE-listed stocks, Short percentage (computed as the number of shares sold short for the day divided by total shares outstanding) averages 0.465% on Day +1, up from 0.363% for the day before. **For Nasdaq-listed stocks, shorting jumps to 1.428% on Day +1, up from 0.831% and 0.725% for the preceding two days. The level of shorting tends to remain high, relative to shorting in the days leading up to the buy recommendation, for several days afterward** +I wanted a review on Groww's US Stocks feature, is it better than the ones offered by HDFC, IND Money, and other platforms. Pros/Cons of using groww to buy US Stocks. + +&#x200B; + +[https://groww.in/us-stocks](https://groww.in/us-stocks) +Recently joined the company and working on the portfolio page which shows your stocks, mutual funds, bonds, etc holdings. + +I’m aiming to design this page as clear and simple to the user as possible. But I also want to provide good infographics and value so that the user can make an informed decision. + +Some questions: +-What would you like to see in your portfolio page? + +-Which apps do you guys consider has the best portfolio view? +\[EDIT: Thank you all for your thoughts and sharing your experiences - very helpful perspectives, exactly what I was looking for from people on this forum. + +I've been busy with work this past week so didn't get a chance to read through your comments until recently - so I wanted to loop back and say thank you. + +Also - my wife saw that this thread as well and read through your responses, and then we had a good discussion afterwards. + +Lastly - I'll keep working for the next 2-3 years (can double savings; I enjoy my job still; extended bull market right now makes me feel uneasy about future correction, so good to have more income/cash on hand that we can invest if a crash does come). + +END\] + +Hi I'm new to the fatFIRE concept (didn't know this sub reddit existed) but familiar with FIRE for a decade now. + +I'm 37/M with a family (wife + 2 young kids age 2 & 5) and NW of \~$2.6M right now. + +My target number for FIRE was $3M, and I'll basically achieve it by the beginning of next year (after bonuses for this year are paid out). + +I'm having difficulties pulling the trigger for a few reasons: + +* Wife works - but is not fully on board with me retiring in the next year because I make around 10x what she makes, and she is worried we don't have enough saved up for the 2 kids (and she also cares a bit about the 'status' aspect of a high paying job - so her plan is for me to retire a few years earlier than her, so she can first see how it is for me) +* I'm at the peak of my earning power right now (my annual income went from $400K/yr 4 years ago to \~$1.2M this year because of a bonus/stock plan; the plan will last for 3 more years and increases a little to about $1.5M/yr), so I have this mental block of 'if I take advantage and just work for 3 more years, I can double our savings and retire with significantly more retirement income' (and can FatFIRE) +* It wasn't in my original FIRE plans - but in my fatFIRE plan, I would like to share some of my savings with my parents & sibling because they do not have nearly the same earning potential I do (parents and sibling income are all in the range of \~$35K-$50K/yr with limited/no growth potential); I feel like every year I work is like potentially saving 10+ years of them working, so it feels bad to RE. If I work for 3 more years I can give them each significant amounts of money every year and still have above my originally planned income. +* My job overall is good - its stressful at times, but I feel like I'm still learning/growing and generally enjoy the people I work with on a day-to-day basis - and decent work/life balance + +Reasons I really want to RE now are all mostly family related: + +* My kids are still young, I really enjoy spending time with them, and want to do more of it before they grow up (right now we have hired-help to take care of them during the day time/after school - since my wife and I both work) +* My parents, siblings (and by extension nieces and nephews) live a long plane ride away from us and I'd like to not be constrained by my job/location/time and see them more often (and taking my kids to play with their cousins as well) + +I don't have a super clear question - just wanted some advice/thoughts. + +Part of me is afraid that there will always be the next reason to stay for 3 more years (another bonus/stock plan, another opportunity etc) and I'll just keep going until it too late and I'll look back and regret my decision when my kids/niece/nephews are all grown up (or parents pass away). + +For those of you that started out with a FIRE goal and transitioned to FatFIRE - what was the reason that you decided to keep working? Would you do it again if you had the choice? +Someone kindly help me and be the voice of reason? + +I am still ahead around 200% since the beginning of the month. Some nights I think, damn, I should have sold some of it. Pay off some small debts like a credit card (still in the 0% promotion) I have, or pay extra on the principal for my car note. + +I guess I just feel stuck? How do you all decide what % to take out and when? Is it as simple as initial investment, then kick back and relax? I do have FOMO that if I sell I'll miss the next wave, but I don't think it justifies the loss if it dives enough to make my gains disappear. Thank you. +Here's what I'd do: + +* 21-day trip to Antarctica for my wife and me +* 30 days in Tokyo +* 30-60 days trekking in Nepal +* Boat through the Amazon +* 30-60 days driving the eastern US/Canada +* Hike in Alberta's National Parks + +I don't think the above would cost anywhere near $100k, but I'd be curious if you've other adventures in mind, without worrying too much about budget. +I recently got the opportunity to work on an oil and gas rig and if everything goes to plan in the next week I should have the job. It is a 2 week on 2 week off job so I can't really go to uni, nor do I want to. I want to go to film school but I'm not sure I can since I will be flying out to a rig for 2 weeks at a time. For now I am putting that on hold but still doing some little projects on my time off. My question is; what should I do with the money since I am so young, don't plan on going to uni, and live at home? + +Edit: Big thank you to everyone who commented. I'm grateful to have so many experienced people guide me. I am going to finish reading though every comment. Thanks again. +Germany budget for 2019 is around 360 billion euros and the Uks budget is 700 billion pounds, (due to brexit the pound and euro are basically the same) this is despite the fact Germany having more social services, higher population and higher taxes. +The Inflation Rate In Iran Is 131&#37; & 41,000&#37; in Venezuela. How does that level of inflation work? How fast does your money lose value? How do you calculate your money lose? Is there an on-line calculator / program you can use to do that? + +https://www.americanthinker.com/blog/2018/07/in\_iran\_the\_armed\_revolt\_is\_starting.html + +https://www.americanthinker.com/blog/2018/07/venezuelan\_inflation\_rate\_now\_at\_40000\_.html + +Does it make economic sense for a university student to take out loans, rather than working, assuming that labor is more valuable after graduation, and putting more time into studying would result in graduating sooner? + +What other considerations might there be? + +Is this even something that can be approached from an economic perspective, or is it too dependent on individual situation? +>The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in May on a seasonally adjusted basis after rising 0.8 percent in April, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 5.0 percent before seasonal adjustment; this was the largest 12-month increase since a 5.4-percent increase for the period ending August 2008. +> +> +> +>The index for used cars and trucks continued to rise sharply, increasing 7.3 percent in May. This increase accounted for about one-third of the seasonally adjusted all items increase. The food index increased 0.4 percent in May, the same increase as in April. The energy index was unchanged in May, with a decline in the gasoline index again offsetting increases in the electricity and natural gas indexes. +> +> +> +>The index for all items less food and energy rose 0.7 percent in May after increasing 0.9 percent in April. Many of the same indexes continued to increase, including used cars and trucks, household furnishings and operations, new vehicles, airline fares, and apparel. The index for medical care fell slightly, one of the few major component indexes to decline in May. +> +> +> +>The all items index rose 5.0 percent for the 12 months ending May; it has been trending up every month since January, when the 12-month change was 1.4 percent. The index for all items less food and energy rose 3.8 percent over the last 12-months, the largest 12-month increase since the period ending June 1992. The energy index rose 28.5 percent over the last 12-months, and the food index increased 2.2 percent. + +&#x200B; + +Press release here: [Consumer Price Index Summary (bls.gov)](https://www.bls.gov/news.release/cpi.nr0.htm) +I'm a newbie in real estate investing. I've been seeing posts about folks having 10+ properties. So this clearly means they don't have much to do in the day-to-day running of the place (presumably using a property management company). + +My somewhat naive question: what limits people in how much they can increase their NW using real estate? I get the general idea of using leverage and buying new properties (and using property management). But once you have a property and a cash flow, you should be able to use that to get your next property, and so on. + +I'm assuming this does not actually work because Robert Kiyosaki (author of Rich Dad Poor Dad) is worth only $100M. + +What am I missing here? Are there some tax laws that make it harder once you cross $10M or so? Does it become harder to find new properties? Does simply keeping tabs on your property managers at the 10M level become hard? +I just spent $15 (i didn’t have) on flu medication in hopes I don’t miss work in a few days. I think I’ve caught it early so I hope I can nip this in the bud and not die at work, but I think I should go back to covid precautions. + +Covid precautions will keep us from getting sick and spending money we don’t have and losing money we desperately need. +I see a lot of people talking about the "hidden" expenses of buying a home. While many things in life are uncertain, you can still plan for the most common scenarios. I'll be listing big ticket items below that a lot of people don't budget for, the average cost, and the average life expectancy. A house is likely the most expensive purchase you will ever make so you want to do your research before hand. Two things to note before I begin: + +1. Unexpected things can happen no matter how well you plan. My 17 year old tree got knocked down during a windstorm 2 weeks after I bought my house. My fence was fairly new and should have had a decade left in it, but trees are bigger than fences. As Mr. Gump once said, "shit happens." + +2. These prices ALL vary massively. I aggregated averages from various sites, but just because the median price is 7500 doesn't mean you won't be paying between 2k and 30k. I'll explain what to look for cost wise for each item, but remember that every scenario is unique so you need to do research for your specific circumstance. Now let's get started. + +**Roof** + +This is the most expensive one for most people. The average cost of a roof is $7500 dollars. The average life expectancy is 20 years. This varies greatly based on the material it is made out of, the size, and the climate you are in. The best way to get the most out of your roof is to keep it clean of things like moss build-up. I bought a 17 year old home. If the roof was the original I'd be looking at a huge cost in the not so distant future. Luckily mine was almost brand new, which is a sigh of relief for any homeowner. + +**Furnace** + +The average cost of a furnace is $3000 dollars. The average life expectancy is 18 years. This varies based on the brand you have and the climate you are in. The best way to get the most out of your furnace is to change filters on time and not use it when it's not needed. Unlike my roof, my furnace was an original with the house. Knowing it was on it's last years of life I upped my emergency fund by a few thousand dollars for when the sucker died. (RIP 2016, made it 21 years!) + +**Central Air** + +The average cost of a central air unit is $4000 dollars. The average life expectancy is 18 years. This varies based on the brand you have, the size, and the climate you are in. Someone buying a unit for a 1200sq foot home in Maine is naturally going to spend less than someone buying for a 2500 sq foot home in Arizona. (Assuming people in Maine even have them?) The best way to get the most out of your AC is to not use it when it's not needed. I had same story with AC unit as Furnace. They died about 6 months apart, but since I'd been planning for that for a few years it wasn't too devastating of a hit to me. + +**Wood Fence** + +The average cost of a wooden fence is $25 dollars per sq ft. The average life expectancy is 12 years. This quite a bit based on the material you use and the climate. Also if you don't like wood the cost for other materials will change a lot. This is the first item on the list that I will say you can save money on by doing the labor yourself. Without expertise you don't want to mess with building a roof or installing an AC or furnace. Fences aren't that bad though if you're relatively handy and you can cut the cost on half. + +**Washer/Dryer** + +The average cost of a Washers and Dryers is $500 dollars each. The average life expectancy is 10 years. This varies based on the brand and size. If you want a behemoth washer that is also basically a computer you'll be paying a lot more than a normal sized with with 2 knobs on it for heat and time. Make sure to clear the damn lint trap for your dryer! + +**Fridge** + +The average cost of a refrigerator is $1100 dollars. The average life expectancy is 14 years. This varies based on the brand and size. Barring something obvious like leaving it open for 16 weeks in a row there isn't really a way to keep it alive longer. Just make sure you go catch it if it's running. + +**Deck Repair** + +The average cost of deck repair is $1500. The average life expectancy is 15 years. This varies based on the size of the deck and the extent of repairs needed. This is also one that you can save a lot of money if you do it yourself. As for a new deck... you'll have to price that out yourself because it has a wider range than pretty much any of the other items based on size and materials. + +**Sprinkler System** + +The average cost of a new sprinkler system is $3000. The average life expectancy is 15 years if you don't go cheapo. This varies based on the size of the yard, climate, and how many installations you want. Repairs to a system can be 100-1000 dollars based on what is damage and where. + +**Hot Water Heater** + +Last item! The average cost of a hot water heater is $1500 dollars. The average life expectancy is 10 years. This varies based on the brand and size. A good way to expand the life of a hot water heater is to not drive your car into it like my cousin once did. (He did it to his own, not mine thankfully.) + +**Conclusion** + +So, these are all the items my realtor ran through with me. Hope it helps at least someone out there! + +In the 8 years I've been here I've had expected replacements to Hot Water, AC, furnace, Washer, and Dryer. I've had unexpected replacements to the fence. Everything else is still within it's normal life span so this list has been great for me minus one stupid wind storm. +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 make about 95k a year and I currently share a car with my sister, I’m moving out in January and I plan to buy a used 2020 Accord Hybrid with around 30k miles. My bank will give me a loan with an 8% apr because my credit is relatively young and after taxes and fees the car will probably be around $27-$28k. Depending on my down payment, the car note will be between $380-$480 a month, should I continue with the purchase or is this a bad financial decision? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I sold a gaming computer on ebay and the buyer paid with Paypal. They have now filed a dispute with Paypal saying that the computer arrived broken. My Paypal balance is now -$2000. I already spent the $2000, so I don't have it in my bank anymore. There's no way I can pay this back quickly. What can/will Paypal do to me? I'm really freaking out now. + +EDIT: I've opened a claim through UPS and Paypal. Both places have asked me to either get the PC back, or get pictures proving it was broken during shipment, as well as pictures from the listing showing it was good condition when I sold it. I've contacted the buyer and let him know that I've opened up claims and requested he send the computer back. I gave him my return address, and let him know that I wanted proof of shipment when it's sent. I will also be mailing a certified letter to the buyer re-explaining all of this, and giving him a specific date that I want the computer returned. I will post an update when I have more info. + +Thank you to everyone that has posted advice. + According to Bloomberg, there is a low yield issue with the SOC chip in PS5 (as low as 50% yield). As the result, Sony will have to cut its PS5 production by 26.7%. As we know, AMD provides those SOC chips (custom 8-core AMD Zen 2 CPU and custom GPU based on AMD’s RDNA 2 architecture), and those chips are manufactured with TSMC 7nm process. + +Since AMD's upcoming Zen 3 and Big Navi also use TSMC 7nm, will there be yield issue for Zen 3 and Big Navi too? Probably yes. + +Will this cause AMD and TSMC stocks to drop? Maybe. + +If we keep seeing news like this coming out in the next few weeks, obviously it's not good for any of these companies. So take this into consideration for your next play - don't just YOLO thinking the market has finally turned around. + +[https://www.bloomberg.com/news/articles/2020-09-15/sony-is-said-to-cut-ps5-forecast-by-4-million-due-to-chip-woes](https://www.bloomberg.com/news/articles/2020-09-15/sony-is-said-to-cut-ps5-forecast-by-4-million-due-to-chip-woes) + +[https://www.theverge.com/2020/3/18/21183181/sony-ps5-playstation-5-specs-details-hardware-processor-8k-ray-tracing](https://www.theverge.com/2020/3/18/21183181/sony-ps5-playstation-5-specs-details-hardware-processor-8k-ray-tracing) + +[https://en.wikichip.org/wiki/amd/ryzen\_7/4800u](https://en.wikichip.org/wiki/amd/ryzen_7/4800u) + +[https://www.tomshardware.com/news/big-navi-picture-radeon-rx6000](https://www.tomshardware.com/news/big-navi-picture-radeon-rx6000) +My wife and I recently started one and we put in a little from each paycheck. Whenever we do something fun, such as a small date night or a mini (for now) vacation, we don't feel guilty about spending the money anymore. It's honestly an amazing feeling and I recommend it to all. +Hi all, + +Just wondering what folks think. If a sector's wages increase, either the price of that good will increase or that sector will consolidate to the lowest producer (either local or global). Furthermore, if that sector's goods diversify/feed into other sectors, those other sectors feel the ripple effect or need to find substitutes. + +Once a wage increases, it is extremely hard to decrease it. + +Thanks all +350k post tax income +100k yearly spending + +2mil net worth : +1.8 mil rental property equity (32 houses ) +150k IRA , all in vanguard VTSMX +50k , metals and watches + +Put 6k per year in IRA, the rest goes to buying more rental property . I am in a rust belt LCOL area where rentals still cash flow nicely . + +My income comes from my rentals and a property management company I own . + +I want to start putting more money into index funds , best way to do this ? + +I’m able to get great returns on rentals , often 20%+ . But I feel it’s time to diversify ?? Thoughts +I recall a conversation with a friend about ten years ago, and we were discussing how to save for a home deposit. + +We ran with this scenario: one of the most significant expenses is rent, so if you can get a tent and sleep in the park, that's massive savings. To take a shower, either you are lucky to be in an office with a shower (e.g. CBD companies) or take out a cheap gym membership. For food, try a combination of eating out and getting salads; try to be as healthy as possible. + +That's it. I wonder if others have thought up similar funny and extreme savings strategies? + +The average home buyer at least in the GTA and surrounding areas if not majority of Canada is acting with a really strong sense of FOMO right now. Eye watering prices? No problem. Unconditional Offers? That’s what it takes. Ultra expensive house over 2 hours away from the economic core? 👍🏼 The prevailing thoughts seems like: Buy what you can immediately because otherwise you’ll be permanently priced out. I don’t think this is rational. Is it truly impossible that there would be new housing built? If there would be and it’s completely unaffordable then who the hell will buy it? If an investor buys it, isn’t there a ceiling on how much rent they will be able to extract? To me it looks more likely that there will be an ugly bubble pop than boundless price increase. Why am I wrong? +With Musk dumping Bitcoin because of energy-intensive Proof of Work mining, now is a great time to remind everyone that **Ethereum2 is moving to** **Proof of Stake** **which will reduce the network's energy consumption by 99%**. ETH2 is set to go live on Q1 of 2022, however I wouldn't be surprised if this tweet just moved up the launch date. + +I know you all want to hate on Musk right now, but holy shit guys long term this is HUGE and actually in our favor! Think about it, Musk just sniped Bitcoin and changed the narrative to focus on a major issue that Ethereum2 is going to solve. Ratio Gang get ready because I think Elon Musk might have just accelerated the flippening. + +Edit: 1 day after making this post we've hit 50% of BTC!! +You can find my original post about retiring and moving to Malaysia [here](https://www.reddit.com/r/financialindependence/comments/m6txvf/reached_my_number_now_i_must_wait_for_covid_to/) + +The "Malaysia My Second Home Program" ([MM2H](http://www.mm2h.gov.my/)) targeting foreign retirees had been suspended since August last year. The Malaysian government has just [re-launched the program, but with some very steep requirements](https://www.thestar.com.my/news/nation/2021/08/11/malaysia-my-second-home-to-be-reactivated-with-changes-says-home-ministry): + +&#x200B; + +* Demonstrable monthly offshore income of $RM40,000 (\~US$9,500) vs 25% of that previously. +* Bank deposit in Malaysia of $RM1 Million (\~US$235K) vs 25% of that previously. +* Must spend at least 90 days a year in Malaysia vs 0 days minimum previously. + +Malaysia used to be a very desirable FIRE destination because it was inexpensive, safe, English speaking, had good infrastructure and it was relatively easy to get a retirement VISA. + +That last item is pretty much gone. If you are FIREd and pulling $10K a month, you probably have better options than Malaysia. + +Oh well. +Apologies if this is too basic a question, but I´ve just bought my first batch of S&P shares (5) in the iShares SXR8 ETF and am wondering what is a typical/minimum number of shares a beginning investor might purchase. I hold a couple of other thematic ETFs, but this is the first broad market index ETF I´m buying. Is 5 shares a laughable number? They are at around 350 Eur apiece and I intend to add more on a quarterly basis. TIA for your opinions. +I grew up upper middle class, definitely not wealthy but I was extremely fortunate to have parents that gave me every opportunity reasonably possible, and paid for my state college tuition. + +I value my parents input and opinions. I’m at a crossroads where I’d like to bounce some ideas off of them (such as starting my own business, taking a break from full time work, etc.), but I don’t want them to resent us. They are super proud of us but I don’t think they have any clue how well we are actually doing. Again, both sets of parents are excellent parents but I still think there is an inherent risk. They worked really hard to give us these opportunities- but we theoretically could “retire” at the same time. + +Younger members: Do you share this kind of information? + +Older members: Would you feel funny if your children had 1/2 of your (significant) net worth in their 20s when you were getting ready to retire? +We had the end of Help To Buy, interest rates hikes, less migration due to Brexit, huge inflation and cost of living increase, remote working allowing people to leave cities. Everything is pointing at less demand and less affordability, especially in metropolitan areas. So how is it possible that housing prices are stable or even going up? + +Edit. I've just realised migration didn't drop, it's the highest in history. However, other points still stand. +Numerous studies indicate that significant chunks of South Florida will be underwater by 2050 - I saw one study that about $23b worth of Miami real estate alone will be written off by then. This means people are buying property today and taking mortgages on property which will be useless before the mortgage term. + +It's built on limestone, which is porous. You can build all the seawalls you want, it's not gonna help. Water will come up through the ground. + +I mean, do you guys not believe the science, or are you banking on a kind of "bigger fool" thing where you enjoy ten years in paradise and unload it one someone else who's gonna get stuck holding the bag? + +I am genuinely curious. I wouldn't touch south Florida with a bargepole. There is some kind of game of actuarial chicken going on where everyone is just sort of agreeing to underprice the risk, from developers to property owners to insurers to reinsurers to state and federal government ... presumably based on some anticipated bailout as the water rises. But when it becomes clear the problem is too big, too insurmountable, too fundamental to bail out, then everyone gets slammed by 6x higher insurance rates, prices start to decline, mortgages are underwater, no new mortgages granted, the whole value will drain out in a couple of years. + +What's your endgame here? +I'm 24 and currently ending the job I've had my whole adult life as a labourer. I have no idea what I want to do, and honestly money is one of the biggest driving choices for me. I'm curious what kind of careers are out there that can achieve that. + +What do you do and how did you get there? + +--- + +Just wanted to add a big thanks for all the replies, didn't realise there was so many people on this subreddit. I've read every reply and taken so much away. Thanks everyone. +Would like to say thanks for all the great advice on my first post, here is my beginning portfolio plan: + +O - 20% +KO - 15% +JNJ - 15% +MMM - 15% +EPD - 7% +INTC - 7% +IUKP - 7% +IUKD - 7% +LLOY - 7% + + +Just looking for any major red flags to be avoided or anything people would change. Also want to make sure IUKD and IUKP pay a dividend - index things still confuse me lol. + +Thanks in advance +I know, I know, we all *wish* we would have purchased more ETH at $7 (or $20) when we had the chance. + +Stop beating yourself up. + +When you first purchased, you likely calculated your buys based on an amount of money you felt like you could lose without ruining your life(style). Now we're likely trading much higher. That doesn't mean you didn't invest enough. That just means that your hindsight is 20/20. Had a catastrophic bug taken down the platform and you lost it all, you would be wishing you hadn't invested as much. + +Be happy where you are. We're all still very early to this platform and could still potentially lose everything we have invested in it. Hold on tight and quit selling. :) + +Love you all. +Can someone help me understand why people hate landlords so much. I want to own an Airbnb but I’ve been told it’s unethical and just wanted to get a different perspective on it all. +We must be over the target because the flak is now very heavy. Hedge funds have now called on congress and regulators citing 'fraud' and 'dangerous speculation' to change trading rules. The same rules hedge funds have used to punish investors and companies for decades.