diff --git "a/reddit_finance_43_250k_11.txt" "b/reddit_finance_43_250k_11.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_11.txt" @@ -0,0 +1,10000 @@ +* TWO SIGMA SECURITIES, LLC + +TWO SIGMA SECURITIES, LLC is an interesting one. As well as benefiting from PFOF they are also a known short. They don't show up in the 13F filings but they were [reported to take a big hit from short positions in Gamestop](https://www.ft.com/content/1ed2b0de-ea10-4a50-8f33-9f0a1cd38be9). + +COMHAR CAPITAL MARKETS, LLC is a Chicago based firm just minutes away from Citadel. What are they doing trading 14 million GME shares OTC?!? I'm calling bullshit and suggesting this firm can be added to the short fund list. + +COWEN AND COMPANY have 100k shares in puts from 13F but didn't show up in the earlier list as I set a minimum of 300k shares to be included. Another short hedge. + +LEK SECURITIES CORPORATION don't have any obvious short positions in GME or news reports of losses. However they were [slapped by the SEC for large scale market manipulation in the recent past](https://finance.yahoo.com/news/sec-obtains-final-judgments-against-200100044.html). + +**Edit 1**: G1 EXECUTION SERVICES, LLC is actually owned by [Susquehanna International Group](https://www.google.com/search?client=safari&rls=en&sxsrf=ALeKk02CdiMwg65ehzWH2qt2q3fRl_b4Jw:1619079033994&q=Susquehanna+International+Group&stick=H4sIAAAAAAAAAOPgE-LVT9c3NEwzMDQ3ys1KVuLSz9U3MCrMMUjL0TLIKLfST87PyUlNLsnMz9PPL0pPzMusSgRxiq0KEotS80oUkAUXscoHlxYXlqZmJOblJSp45pWkFuWBZRJzFNyL8ksLdrAyAgBfDMKMdAAAAA&sa=X&ved=2ahUKEwjYury1s5HwAhUF2aQKHZzNDa4QmxMoATAWegQIDxAD), one of the funds with tons of puts in 13Fs. + +**Edit 2**: Some helpful comments point out that there can be some confusion with market makers and hedge-funds. Citadel is often referred to on this sub as the firm with the most to lose in GME. They operate market making and hedge fund activities. So do a number of other firms (Wolverine, Jane Street etc.). *For naked shorting the participation of 'bone-fide' market makers is crucial*. This is how they can abuse the locate rule and naked short. None of this contradicts the data in this post or the conclusions but it remains difficult to completely separate normal market making activities from abusive ones. + +**Speculation alert:** OTC trades have seen massive volume and order size changes since early January. Many of the participants are known short funds. Changes in OTC trading align with evidence of manipulative naked short selling (Deep ITM calls and married-puts). OTC trading has been used to create millions of naked short shares and reroute retail orders to suppress buying pressure. + +# Conclusions + +Hedgies are fucked. Just look at the amount of effort they've had to put into keeping a lid on this thing!!! *When they lose control of the FTDs they lose control of the price*. Millions of illegal naked short shares created in a desperate effort to make retail go away. But guess what?? + +&#x200B; + +https://i.redd.it/zz5eu179biu61.gif + +**Speculation alert:** Here are my thoughts for what's happened with GME in 2021: + +* FTDs and SI% were getting out of control in early Jan +* As prices increased and more hype came to GME the shorts got more and more desperate +* Dark Pool OTC volumes went through the roof and Deep ITM call volumes were used to create naked shares ahead of the end of Jan price spike +* When prices really started to move from Jan 25th - 29th more than 100 million shares were created with Deep ITM call and married-put naked shorting and used to hammer down price and hide SI% +* A coordinated blocking of buy orders on key retail brokers and media induced FUD helped the shorts knock down the price and scare off some of the FOMO paper hand gang. +* [Something happened to the short share borrow fees](https://www.reddit.com/r/Superstonk/comments/mma7eh/analysis_deep_dive_looking_at_historical_si_ftd/) that completely disconnect from normal pricing. +* From Feb onwards average trade size on OTC decreased to around 50 shares per trade. That's a 70%+ drop in trade size. Retail orders were funnelled through Dark Pools to control buying pressure and 'short ladder attacks' used to control price. +* ETFs were used to hide more and more FTDs from the apes. I have data on ETFs but its such a pain to analyse (70+ funds, all different GME allocations, rebalancing over time etc..). +* DFV doubled down. RC tweeted an ice-cream cone. Deep ITM calls increased. FTDs remerged and on Feb 25th prices started flying again. +* All this time FTDs and prices have been manipulated with tricky options trades. Up to 200 million naked short shares could've been made from Feb through to April 6th using married put trades. +* But the apes are still here. Millions of short fund options have expired. FTDs are shown to get uncontrollable over time. An unprecedented FTD squeeze will come. New DTCC rules, a stronger SEC, GME annual meeting and share recall. So many catalysts. Shorts are fucked. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +With all the craziness of the market lately, I needed remind myself to stay within my rules. + +If these meme stocks don't fit in your trading plan, it's ok to miss out on them. There are plenty of other opportunities in the market. FOMO is a real thing and I get it but it's ok to not get involved. We're in the day trading game for consistent success, not one big bet. + +If these stocks do fit in your plans then remind yourself to stay within yourself. The volatility and hype can put pressure on anyone and that's understandable. But you have your ruleset that you should stick to. + +If you are buying up these meme stocks and holding - that's great. I hope you make a ton of money. But you're not daytrading so this advice isn't for you. +I just started investing in dividends about a month ago. I don’t have many stocks, yet, or money invested, yet, but I got paid my first dividend! + +Ok so it wasn’t EXACTLY $1. It was 0.94. +But still. I am currently estimated to make $36 in dividends this year. + +Even if I buy nothing else, its crazy because even my money market savings and all other accounts combined would not make that much in a year and we have about 16k combined in our regular accounts. + +I have 1.3k in my brokerage account....and it will make $36 a year...just crazy. + +I am am rambling and I don’t care. I am excited to see how much more I can make! + +Edit: Thank you all so much for the awards and positive feed back. I haven’t been able to look through all the comments yet, but I’ll make time. + +So far you have all been very mind and supportive with the suggestions and feedback. + +I’m glad to have joined the community! + +Edit: For reference, one of the last posts I made to this community was about types of brokerage accounts to use and books to read, I am extremely new and trying to learn to better myself and my kids beyond the old adage of + +“Go to college, get a job, have a retirement plan and a savings”.....which was what I was taught and obviously horrendously outdated. Now I am 37 and trying to make sure my husband (who has NO RETIREMENT plan with his job) and my children and I have something other than our measly little savings accounts and my ONE pension. + +So just quit it. +I don't currently own Intel, but I'm really starting to like their valuation and this week I've started buying some other semis like MU and WDC. + +Why is Intel so attached to their high yielding dividend? Their management indicates they want to expand manufacturing and at the same time they are spending half their cash flow on the dividend and making partnerships to fund these fabs instead of doing it on their own. + +Am I the only one who would rather see buybacks or other investments from this company? I don't want to invest money in my taxable account just for them to quickly give it back to me to pay taxes on. +I have no one in my personal life to really share this with but I'm pretty proud of myself. I'm 23 and I recently passed 5k a year in dividends. + + +Currently sitting at a little over 5.3k/yr and all of it minus about $20 is tax free in my TFSA which is awesome. + + +My monthly average is $443. My goal is to hit $500/month. + +I have a pretty aggressive dividend portfolio, but high yields from also jumping into the market during the crash. + +My portfolio is currently sitting at around 58k (between my TFSA and a cash account) + +I feel like the only part of my life that I have together is my finances. I love my current job but it's not high paying. I make 14.28/h working full-time. I'm a hardcore saver and have been working since 15/16. Started investing at around 20/21 yrs old and invested a lot during the market recovery from covid. (Still live at home so that's helped me tremendously with saving as much as I have) + + +I hope to go back to school at some point to open more doors for job opportunities. That hopefully pay a little higher haha. +As you can see in this post they officially say that information about share recall on the 20th will be sent out to shareholders on the 15th. So DFV and his tweets about the 20th seem to become once more reality. Feels like last desperate attack from our Hedgeclowns☝️👍🦍 + +https://www.reddit.com/r/Superstonk/comments/mpduvh/i_know_we_dont_do_dates_but_i_have_a_feeling_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +In other words: How much is wealth inequality and the wealth of the super rich **actually** hurting regular folks (in terms of purchasing power)? Do we have estimates/studies for this? + +So of course you can, for example (and very naively), take Jeff Bezos' net worth (about 200B) and if you divide that by the number of people living in the US you find that everybody gets like 500 bucks, neat. And if you do that for the top 10 or 100 richest Americans everybody gets a few thousand bucks. Even better, right? But of course that's not how any of this works. + +First, this is net worth, not income, so this would be a one-time thing, not a sustainable way to run your economy. Second, large amounts of money in some bank account and theoretical value of some stock do not equal actual purchasing power. If we redistributed all that wealth some of it would get lost through inflation etc. (right?). + +Still, if instead of the super rich paying say 100,000 workers to build them huge estates, yachts and private jets, those same 100,000 workers spent their productivity building everybody else a nice new TV, that (hypothetically) works. But do we have any idea how those things relate? + +How much does everyone lose out on because we as a society continue to pay X amount of workers to build Jeff Bezos new yachts instead of better cars/tv's/clothes for everybody else? Assuming we capped personal wealth at say 1, 20 or 50 Million Dollars (practical difficulties aside) and redistributed the rest equally among everybody else, what would everyone get? A pair of sneakers? A TV? A car? And I mean sustainably, every year, not as a one-time gimmick. Do we have estimates? Are there studies on this? + +Thanks +Well, that was unexpected. They did have a blow out quarter though: + +Q4 sales topped $100 billion for the first time: $125.56 billion vs. $119.70 billion expected and $87.44 billion year-over-year + +EPS: $14.09 vs. $7.34 expected - which is insane as well. + +I'm gonna need a day to grasp this. What the hell Jeff. + +Edit: Bezos will transition to Executive Chair, and Andy Jassy will take over as CEO. Jassy is currently AWS CEO. + +> “Amazon is what it is because of invention. We do crazy things together and then make them normal. We pioneered customer reviews, 1-Click, personalized recommendations, Prime’s insanely-fast shipping, Just Walk Out shopping, the Climate Pledge, Kindle, Alexa, marketplace, infrastructure cloud computing, Career Choice, and much more,” said Jeff Bezos, Amazon founder and CEO. “If you do it right, a few years after a surprising invention, the new thing has become normal. People yawn. That yawn is the greatest compliment an inventor can receive. When you look at our financial results, what you’re actually seeing are the long-run cumulative results of invention. Right now I see Amazon at its most inventive ever, making it an optimal time for this transition.” + +[Source](https://finance.yahoo.com/news/amazon-reports-4q-2020-earnings-results-152012181.html) +So last time i posted about some common newb traps I mentioned following internet randos as a trap. + +I hope you all are smart enough not to take what a stranger on the internet says as fact. But let me show you some ways it's possible to mislead without lying. I will also try and show that following someone who has a win or 2 under their belt can be just as harmful as following an internet rando. + +So 1st up, some of you might know I recently sold some of VUL holdings for a little over 20 times what i originally bought them for. Something I take great pride in and honestly never thought would happen to me. But did I REALLY make 20 bags? Depending on how you look at it. Yes or No. + +So back in May 2020 I bought 2989 shares of VUL for 34.5c a share. If I had of sold all of them at $7.102 on Friday that would have been an increase of 20.5 times my original buy in. A true 20 bagger, no questions about that... or is there? My average price showed as higher then 34.5c due to brokerage. So did I make less then 20.5 bags? Technically yes, but i doubt anyone would argue that point. + +I also only sold 1000 shares. Why? Because that was all I was holding. So if I was holding less then my original amount did I really 20 bag? That is a point that could be argued. Why did I sell 1000 because I free carried some shares at $1.10. I also day traded more then a few times on the way up. + +Every time I day traded it bought my visible average up, even if I didnt technically pay anything for the extra shares, or if i sold them all I didnt change the amount of my original holdings. + + [Here is a screen shot of a day trade i did that totally messed up my visible average](https://imgur.com/a/LfHv9Cj) + +You can see that I sold all the shares I bought, but without editing my share price down to 34.5c I would show a much higher average. It is also possible to get free shares day trading. for instance buying 10k worth of shares at $1 then selling 10k worth of shares at $1.20. You still have your 10k (minus brokerage) but you also have a free 2k worth of shares. How you deal with your average share price after that is up to you. You did just get 2k worth of shares for free but do you edit the visible average? I would forgive you for editing it down to the original price but maybe a few wouldn't. + +So why did I go to all this bother typing this out? It is pedantic and semantic and not really helpful. My purpose was to show that even with no ill intentions I could unintentionally mislead you. Imagine if I was trying to gather people to follow my advice and trade like I told them too? + +I could make myself out to be a genius investor. Never stepping wrong, going on rocket after rocket! All you have to do to make money is + + [FOLLOW ME](https://www.youtube.com/watch?v=DmzqRikICQY) + +If you spent any time on Hotcopper day trading forums you will notice a few fuckheads who operate on this exact system. I can't be bothered remembering their names but a few of them get in at every low and out at every high. Always making money but sadly never posting proof. + +Why? Because they are a bunch of fucking slimy scumbags, most of them would happily fuck you over so they could sell their bagheld shares for 1 pip higher. + +Even if someone has a record of picking stocks that go up unless you can see their WHOLE trading portfolio and how they trade EVERY trade it would be very easy to mislead. Only show the winners! Bam genius investor. Then all they have to do is get you to jump on a stinker. They sell to you and they run off with the money. + +I know their are a few out there who live stream their trades. If they win more then they lose then by all means follow them. But please dont do it blindly. If you dont know how to research a company. LEARN. + +It will make you more money in the end. It's really not that hard and it could lead you to a 20 bagger. + +Just because I found one rocket, does not mean I will find another. Just because I found 2 rockets does not mean I will find a 3rd. No one gets it right all the time. I still think SBW is a good company and whilst it did go up after i initially invested it has also gone DOOOOWN. I am currently sitting on a 27% loss with them and that is after averaging down. You cant see my 20 bagger and not see my losses as well. Or if you can and do then you are proper retarded. + +Stay safe out there you joyful autists. +I noticed that in those subreddits more and more beginners are posting and advertising coins - mostly not because they really understand the tech behind it - but to pump it up. So beginners are trying to fool other beginners.Now i decided to write down some basic advice to avoid mistakes. + +1) only play with money you can afford to lose. + + +2) NEVER EVER make a buy or sell that is triggered by a feeling of 'not wanting to miss out on a sudden development'. also known as fomo: fear of missing out. Invariably, you will make bad decisions if you do. + + +3) never buy on a sudden upswing. Especially if you don't know why it's swinging up. You may be buying into a hype curve triggered by other people's fomo. When that happens, you'll lose big in the correction that follows. The one exception is if you see a spike and then also find a good reason. When segwit was finally locked in for bitcoin, all the uncertainty ended and the price shot up for a very good reason. Jumping on that train can be a good decision. + + +4) when you finally take a profit and sell, walk away. Don't keep looking at the price. If you do and you see it going beyond the sell price, you may be tempted to jump in again and take a bit more profit. Not only do you pay 2 extra transaction fees, but you will also risk buying into an overshoot which corrects 2 minutes later, and you lose the profits you realized 5 minutes earlier. + + +5) understand that by playing carefully and with consideration, you may actually miss an occasional coin suddenly increasing in price. that is not to be helped. However, it also means that you are not making a lot of blind gambles that will cost you a lot of money. + + +6) do some research, and only buy into projects for which you actually understand the purpose and which you believe may work in real life. a coin needs more than fanboys shills to be valuable long term. + + +7) be very carefull when buying during a time period when there is a lot of euphoria and all coins are going strong. If the entire market is going strong, all coins do well, even the shitty ones + + +8) learn to recognize pump and dump cycles and avoid them. the saying in poker is: if you don't know who the sucker is, it's you. don't be the sucker. + + +9) look at the long term prices and use baselines, triangles and fibonaci and try to think of what you think the correct value to buy is. with some basic effort you can figure it out and set the buy order and walk away. + + +10) Do NOT try to play the game of buying and selling dips. buy dips if you want to play that game, but don't sell with the idea of buying back shortly after to game the dip. this is a good recipe for disaster. If you were holding NEO 2 days ago when it was 0.0039 BTC and sold with the idea of buying back at 0.0033, you'd be cursing yourself badly now that it shot up to 0.0064 + + +11) when buying, don't just look at the timeline, also look at the order book. If you see big sell walls that are not balanced by buy walls, it may be better to wait for the price to drop some more. + + +12) doing the things above takes time and consideration. you will miss out from time to time by waiting to long, but you will also not make catastrophic errors. Also long as your positions are string, you can continue to keep playing the game. + + +Ok this was more than I had planned to write down, and nothing in it was rocket science, but it may help beginners. I surely did not start making decent profits until I started doing this. +I am amazed to see it below $30 now. What has people so nervous about the company over the last month or two? This is unusually low for the company's valuation. +Hi everyone, + +I am a 35yo software engineer/manager working in tech. Through high W2 compensation and frugal living I have a liquid net worth of $3M (no crypto or TSLA, it's all in diversified index funds) plus an extra illiquid \~$2-3M from a pre-IPO tech startup I worked at in the past (this could still totally go to $0, so I'm not counting on it). I have $0 debt. + +I have never owned real estate in my life and always happily rented, which allowed me to just focus on my job and relocate multiple times to be close to work. + +I am thinking of quitting my job, since I've been working extremely hard for more than a decade, and pursue some part-time activity that would give me more time to live my life (currently working 60+ hours a week). + +An activity that always fascinated me is real estate, actively owning rental properties specifically. My dad has been doing it for a long time in his retirement with decent success, while just working a few hours a week (in a completely different country though, I am in the US). However, I am a complete newbie and my knowledge is nearly zero. I have read a couple books and am familiar with the 1% rule etc., but that's it. + +Do you think it would be insane for me to start dabbling into rentals in this crazy market? A few people I reached out to told me that at my level of assets it is typically not worth to start an amateur adventure in real estate, and that I should just continue doing what I'm doing and this will get me to $10M later in life, which would allow me to live off my index funds dividends. + +What is the opinion of this sub? + +Thanks +Amazon Prime membership costs are going up to $120 a year (from $100). Personally, I don't use anything other than 2-day shipping, and I order maybe 20 times a year so I don't think renewing my subscription is a worthwhile investment for me. NOTE: The student price remained unchanged at $60 a year. + +I strongly encourage everyone to look at how they use Amazon, and whether Amazon Prime is worth it for them at this new price point. + +Here's a link to ending your subscription if that is what you want to do: https://www.amazon.com/gp/help/customer/display.html/ref=aw?ie=UTF8&nodeId=201118010 +Hello! + +A few years back, my Economics professor made a statement that has stuck out to me for a while. He said something along the lines of "I don't worry about environmental issues/tree shortages because the free market will adjust prices and price it out of consumption." In other words, when the environment is in trouble, you will see prices adjust, such as the price of paper increasing. + +However, that has always struck me as odd. It seems to me that (1) the market is profit driven not environmentally driven, so prices will not react to environmental needs and (2) that the market is more reactive than proactive. Meaning that once we see the market hypothetically adjusts to environmental issues, it will be too late. + +So, my question sums up to this: how does the "invisible hand" work and can the free market/invisible hand fix issues such as environmental issues with price adjustments as my professor described? + +Hope this makes sense! + +EDIT: Wow, thank you everyone for your thoughtful responses - I really didn't expect it! This has been some really fun reading and I've learned a lot. I did neglect to say this in the original post, but my professor did not make this argument in class as a simplified example. He noted it as an off the cuff (but somewhat passionate) response to a student asking why he used so much paper - which is why it has stuck with me for so long! + +Anyway, thanks for all the responses! +I have tried to classify all pharmaceutical, healthcare and diagnostics companies in BSE 500 and Nifty 500. I have also included some new listed companies and some companies which are held by well know mutual funds which are not a part of BSE – 500 and Nifty 500. A total of 48 companies are classified below. + +Pharmaceuticals – Pharmaceuticals are broadly divided into 4 categories. Biologics, Generics, API and CRAMS. Here is a simple explanation of what they are. + + +Biologics – A biologic drug is a product that is produced from living organisms or contain components of living organisms. For e.g. Vaccines. + +Generics – Making medicine at a lower cost. + +API – Active Pharma Ingredients. Raw materials for pharmaceuticals. + +CRAMS – Contract Research and Manufacturing Services. + +Generics – India accounts for more than 20 percent of global generics market. 8 of the top 20 generic companies are from India. Here are generics companies what they do and where they operate. + +Domestic companies – Companies with more than 50 percent of total revenue coming from India + +Abbott India – Women’s Health, Gastroenterology, Central Nervous System, Metabolics. +India – 99 percent + +Astrazeneca Pharma India – Cardio Vascular and anti- diabetes. +India – 97 percent + +Alkem Laboratories – Anti-Infectives, Gastrointestinal, vitamin and dietary supplements. +India – 68 percent. USA – 25 percent. + +Eris Lifesciences – Anti diabetics and cardiovascular. + +FDC – Ophthalmology, Gastrointestinal. +India – 83 percent, Rest of World 17 percent. + +Glaxosmithkline Pharma – Painkillers and Anti-infectives +India – 99 percent. + +Indoco Remedies – Stomatologicals, Respiratory, anti-infectives, gastrointestinal. +India – 70 percent, Rest of World 30 percent. + +Pfizer Limited – Gastrointestinal, cardiovascular and vitamin and dietary supplements. India – 99 percent. Rest of World – 1 percent + +Sanofi India – Diabetes, cardiovascular, anti-infective. + +Exporting Generics companies – For ease of understanding more than 50 percent of revenue comes from outside India. + +Ajanta Pharmaceuticals – Ophthalmology, Dermatology, Cardiology and pain management. + +34 percent from India, 25 percent from Africa and 26 percent from Asia. + +Alembic Pharmaceuticals – Cold and cough, gynaecology and urology. + +India – 38 percent. Rest of World – 62 percent. +80 percent of revenue from generics. 20 percent of revenue from API. + +Aurobindo Pharma – Hepatitis B, Gastro Intestinal, Kidney, Anti viral, anti infective, ADHD and anti-depressants. + +USA – 48 percent, Europe 32 percent and India 12 percent. + +Bliss GVS Pharma – Anti-malarial, anti-fungal and anti-bacterial. + +Rest of World – 88 percent, India 12 percent. + +Cadila Healthcare – 4th largest company in USA and in India. Pain, respiratory and Oncology. + +USA – 49 percent, India 41 percent. + +Caplin Point Laboratories – Oinments, creams and regular generic pharma. + +Latin America – 80 percent. Others 20 percent. + +Cipla – Respiratory, anti-infectives and cardiac. + +Inhalers and Nicotex Market Leader. + +6 percent domestic market share. + +India – 38 percent, South Africa 20 percent and North America 20 percent. + +Divis Labs – Pain Killer and Cough Suppressant. + +Generics contribution – 50 percent. +API – 42 percent. + +Europe 44 percent, USA 26 percent, India 12 percent and Asia 12 percent. + +Dr Reddys Laboratories – Gastrointestinal, Oncology, Cardiovascular, Pain Management, central nervous system. +USA – 45 percent , India 19 percent +and Russia 10 percent. + +Glenmark Pharma – Dermatology, cardiovascular, respiratory medication. + +North America – 33 percent, India 32 percent, Europe 15 percent and Rest of World 15 percent. + +IPCA laboratories – Non steroidal anti inflammatory drug, cardiovascular and anti inflammatory. + +Generics 74 percent API – 26 percent +India – 49 percent, Rest of world – 51 percent + +J.B. Chemicals & Pharmaceuticals Ltd – Gastrointestinal and cardiovascular + +India 43 percent, South Africa 19 percent, +USA 11 percent. + +Lupin – Cardiac, anti-diabetes, anti-infective. + +India 33 percent, USA 35 percent, Japan – 13 percent. + +NATCO Pharma – Oncology, international formulations. + +India – 40 percent, USA – 42 percent. + +Strides Pharma – Anti-infectives and gastrointestinal + +North America – 41, Australia – 31 and Africa 13 percent. + +Sun Pharma – Neuro psychiatry, cardiology, gastroenterology, diabetes and anti infectives. + +USA – 38 percent, India 27 percent + +Torrent Pharma – Cardiac, Gastrointestinal, central nervous system. + +India – 46 percent, USA – 21 percent, Germany 13 percent + +Wockhardt – Cardiac, anti-diabetes, anti-infective. + +India 37 percent, Europe 32 percent, USA 19 percent. + +Jubilant Lifesciences – A demerger has been announced which will demerge Lifesciences sector from the pharmaceutical business. Currently the company operates in radiopharmacy, lifescience chemicals and specialty intermediates. USA 66 percent, India 26 percent. + +Unichem Laboratories – USA – 58 percent, Rest of World(except India) 39 percent. + +API (Active Pharmaceutical Ingredients) – API’s take raw materials and create API’s which is sent to drug companies who make medicines from API. + +Aarti Drugs Limited – Anti-biotics, anti-protozoals and Anti-inflammatory. India – 63 percent, Asia 17 percent, Latin America 10 percent. + +Granules India – North America 49 percent, India 20 percent, Europe 18 percent. It operates the largest PFI(Pharmaceutical Formulation Intermediate) PFI is a stage between API and the finished product. Core focus molecules and Onco API. + +Laurus Labs – India 48 percent. Rest of World 52 percent. API’s primarily for ARV(HIV/AIDS) + +Shilpa Medicare – India 36 percent, Europe 24 percent, USA 21 percent. API’s for Oncology generics. + +CRAMS – Contract research and manufacturing services. It is bifurcated into 2 parts – Contract manufacturing and development organisation (CDMO)– Making medicine for a limited time on a contract. Contract research organisation (CRO) – Company that provides support to the pharmaceutical, biotechnology, and medical device industries in the form of research services outsourced on a contract basis. + +Dishman Carbogenics – India 1.5 percent, Rest of World 98.5 percent. + +Suven Lifesciences – Europe 64 percent, India 8 percent, USA 6 percent. + +Syngene International – USA 73 percent, Japan 5 percent, India 6 percent, Europe 14 percent. + +Biologics -A biologic drug is a product that is produced from living organisms or contain components of living organisms. For e.g. Vaccines. + +Biocon – The largest biologics company in India. Key products include Statins, immunosuppressants, anti-diabetic drugs and specialty enzymes. It operates in Biologics and small molecules(57 percent) , CRAMS (through Syngene 32 percent ) and branded formulations. + +Advanced Enzymes – Advanced Enzymes is a research driven company with global leadership in the manufacturing of enzymes. The company caters to Human and Animal Nutrition. + +Take Solutions – Clinical Research Organization assists biomedical companies through the drug development projects. + +Hospitals – Healthcare expenditure has risen consistently over the past few years. + +Apollo Hospitals – Occupancy Rate – 66 percent. Average daily revenue per occupied bed – 37200 rupees. + +Aster DM Healthcare – 84 percent revenue comes from Middle East. Occupancy Rate – 62 percent. Average daily revenue per occupied bed – 59700 rupees. + +Fortis Healthcare – Occupancy Rate – 68 percent. Average daily revenue per occupied bed – 44400 rupees. + +Narayana Hrudalaya – Occupancy Rate – 59 percent. Average daily revenue per occupied bed – 26300 rupees. + +Diagnostic Laboratories – Laboratories tests and diagnostic procedures are tests used to check if a person’s health is normal.  + +Metropolis Laboratories – Number of diagnostic centres – 109. Average mumber of daily patients – 26890 + +Dr. Lal Path Labs – Number of Laboratories – 200. Average Number of daily patients – 54400. + +Thyrocare Technologies – Works primarily in B2B space. Thyrocare operates a fully automated diagnostic laboratory. Serves 200 client brands across 2000 cities. + +Animal and Poultry healthcare – Hester Biosciences Limited is one of India’s leading animal healthcare companies and the countries second largest poultry vaccine manufacturer (after Venky’s). + +Edit : Thank you for the Gold. Incase you want me to add any companies not in the list kindly write a comment below. +Hello everyone. I am a Spanish guy of almost 40 years who has been living outside of Spain for a few years. For some time I have been thinking about the idea of ​​retiring early and returning home at some point, living mainly by managing the money I have been saving over the years. Since this idea has been around my head I have done many calculations, at first with excel templates that I created myself and then searching among the online calculators that exist, but I never found the calculator that had everything I needed. + +My main hobby is web design, so I decided to make my own early retirement calculator. At the beginning it was something very basic but I continue adding more and more things. Its main advantage is that it allows you to add as many incomes, expenses and investments as you want, and each of these with its own start and end date, as well as its annual increases, inflation and return (fixed or replica of historical values ​​of the SP500, Dow Jones, Nasdaq etc). + +Once you have filled the data, the website generates a report with some graphs and tables, where the info is divided year after year (capture: [https://thefire.site/cdn/images/report.png](https://thefire.site/cdn/images/report.png)). In this way you can see if your retirement plan allows you to reach the end of your days in a good way or if you run out of savings along the way. As there are many years, the website allows you to show, if you wish, the amounts discounting inflation (reaching 85 years with a million euros may sound very good, but a million euros in 40 or 50 years will not be so great). + +And well, this is a bit of the idea, I would love if you can take a look at it and tell me what you think and what extra things could be added to improve it. The address is [https://thefire.site](https://thefire.site/) . Please notice that at the top there is a link to an example I have prepared, a married couple investing in real estate. You can take a look at it to see all the possibilities of the calculator. + +Once the report is generated, you have the option to save it (otherwise the data is automatically deleted). This will generate a unique URL for you that you can bookmark so you can return to the report whenever you want. You also have the option to generate a URL to share (in this case people will be able to see the report but not modify it) and the option to duplicate the report (in case, for example, you want to have an optimistic and a pessimistic version of your retirement plan) . + +I'm sorry for the length of the post and I hope you like it and find it useful. +Because he is just wrong. Nothing has intrinsic value. Value is subjective and marginal. The price of gold is what it is because of the equilibrium of supply and demand *just like everything else.* For most of you, this is a no brainer. However, Ron Paul seems to have a lot of supporters, and I just want to make sure that nobody here is one of them, at least on this issue, anyway. + +EDIT: Wow, there are a lot of people on /r/economics that really don't understand even the basics of economics. How sad. +Can you feel it? Even despite BSC’s woes today slowing down transactions and demanding that we increase our gas manually like complete plebs, Saturna has continued to press towards shedding a digit which should be coming anytime now. + +While ETH is beginning to work on flipping BTC, there is a flippening happening in the memecoin market as well with Saturna well on its way to dethroning the recent talk of the town in Bonfire. Consider that DOGE falling led to SHIB’s gain, which in turn broke downwards leading to Bonfire’s rise, and now Bonfire is breaking downwards spilling these gains out even further. + +That’s right, Bonfire’s ($550M to $300M) fall is currently Saturna’s ($80M) gain, and while both are simply establishing the floor for their future run into the B’s in market cap, as we’ve seen from even previously dead memecoins like PIG, it’s entirely possible with all the upcoming news that Saturna blasts right past that market cap. + +With SHIB as the 14th largest cryptocurrency in the world, its memecoin SZN and Saturna has the marketing, development and partnerships to launch right into the mix. Having just landed a pair of partners who are heavy influencers in cryptocurrency, collected talented artists ready to design and pump out Saturna NFT’s merch, and unveiled their whitepaper, Saturna looks to be here to stay. + +Being the fastest growing token on BSC, having reached a $90M market cap within four days, Saturna is already teasing a soon-to-be finished NFT marketplace. This should only create more value and hype as Saturna launches not one, but two CEX listings. + +Which you’ll be able to hear about and more with an AMA coming in the next week. This is when you’re going to hear exactly how the devs created this monster and why it's going to keep taking down the next barrier and the next barrier all the way past nine digit figures. + +That’s why you’re seeing influencers coming out all over the space to tell you about their new favorite coin Saturna. This is why you’re seeing people dropping their stacks and going right to Saturna. + +I am telling you this is going to be your last chance to get on before the whole game flips right in front of your eyes. It genuinely is up to you if you’re willing to hear it or not in order to really maximize your gains in this raging market. + +Website: saturna.co/ + +PancakeSwap: exchange.pancakeswap.finance/#/swap?outputCurrency=0x1e446CbEa52BAdeB614FBe4Ab7610F737995fB44 + +Telegram: t.me/saturna_TG + +https://www.reddit.com/r/SaturnaToken/ +In “[Economic Possibilities for our Grandchildren](https://www.aspeninstitute.org/wp-content/uploads/files/content/upload/Intro_and_Section_I.pdf)," John Maynard Keynes suggests (circa 1930) that GDP will increase four to eight times over by 2030, bringing on a golden age of leisure in which people will only have to work 15 hour work weeks. + +We hit his wealth prediction well ahead of schedule. We reached an average GDP per capita of $63,416 in 2020. GDP per capita in 1930 was just $8,220. + +While I realize that peoples' wants have increased, and they spend more on those wants, I'm not sure I buy the idea that if we chose to live more simply, like our grandparents, we'd be able to survive on their income, or even close to it. + +It would be near impossible to get decent housing, food, clothing, and other necessities for $8,220 anywhere in the US. According to an [inflation calculator](https://www.usinflationcalculator.com/), $8,220 in 2021 dollars is $132,501, far above the current per capita GDP. I'm sure some costs have fallen, but enough to offset that sort of inflation? + +The other element is that while per capita GDP is $63,416, median GDP per capita is just $32,621. + +**Questions:** + +* So is the issue that inflation has eaten away at the gains, so the cost of necessities like housing, food, and clothing is more expensive than Keynes predicted? +* Is the problem that the wealth accumulation is real, but most of it accrued for the top 1%? Did Keynes assume it would be distributed equally? +* Can we really blame the failure of his prediction on human greed and our ever-growing list of wants? +This is getting absolutely ridiculous. It's to the point where even the best memes are fucking annoying. This sub has become a cesspool of shit jokes, lambos and questions on how to buy ETH. The vast majority of people here don't even know what ETH does but jump on the meme boat because they feel that's the only way they can contribute. Then when someone posts their own TA, it gets massively shit on. + +This needs to change before this sub gets so out of control that censorship starts happening and soon there's two major Eth subs and a divide in the community. + +Please, read the infinite amounts of tutorials/explanations littered throughout google an even this subreddit. Please stop shoving memes down everyone's throats that just want to read the latest news and not have to scroll down 5 pages to see it. +* Never underestimate the power of a momentum move. Up or Down. Once the freight train is in motion, it will keep going much further than most have anticipated. +* Price is the only thing that matters. Adapt to it, don't fight it. +* Don't under estimate the power of desperate money managers in the fourth quarter. They need to beat their bench marks or risk losing their jobs/clients. +* Mental stops will ensure you an emotional trade. Don't use mental stops. You are either in the trade or not. Mental stops invite emotions. +* Mental stops is another way of saying : "I am not sure where to place my stop" +* Adding to a losing position is one of the best ways to end your trading career. +* The biggest winning trades normally have big volume driving them higher. +* Trading triple ETFS will deplete the account over the long term. +* "Too many eyes" on a key breakout point will most likely cause that pattern to fail first. AKA ; fuckery. Revisit the "NEW" setup after the fuckery has shaken out the majority. +* Sentiment is always more negative on bottom retests than in the FIRST low. Watch out above if the retest is successful. +* Most double bottoms come with strong MACD/RSI divergences. A powerful event if you see this. +* Be aware of stocks that take "too long to go". early indication of demand drying up. +* The best trade setups, work immediately after they trigger. They barely give you a chance of to jump on board. +* The best traders are incredibly nimble. They can be bearish but still capable to taking longs without hesitation. +* Perma bears and perma bulls eventually get washed out of the market. You have to respect a strong bull market and you have to respect a mean bear market. +* More trades does NOT equal more profits. LESS IS MORE. +* The best traders I know, keep their routine very simple. +* Price charts and volume is all you need. Most indicators are noise the majority of the time. +* Never confuse YOUR macro views with what is actually happening in the stock market. +* Economy could be in recession but if the market is rallying, you need to listen to the market. It pays better. +* Fighting the trend doesn't pay well. In general, trading with a trend, pays off much better. +* Get aggressive when you make 2-3 good trades back to back. +* Get VERY defensive when you make 2-3 bad trades. Often times traders will do the opposite. (Self destructive behavior). +* Trading on margin is the surest way to emotional decision making and eventually will wash you out of the business. +* Never underestimate the confidence building power of a tiny gain that is booked. Green on the screen helps build confidence for future trades. +* Big winning streak start with tiny wins. (The snow ball effect). +* Most losing streaks start because a "basic' rule was broken. Emotions taking over. +* IN bulls markets, if you are to err, err on the long side. NOT SHORT. Short squeezes can be powerful and painful. +* It's ok to be wrong but it's NEVER ok to "STAY WRONG". +* Good fundamental analysis and proper technical trading is a killer combination. Think CANSLIM / IBD (investors Business Daily) +* Too many bullish setups is NOT always a "good thing"/ A plethora of bullish setups normally precedes a big down day. Aka: Fuckery. +* Trading stocks is a lot like a beauty contest. What looks best, wins. +* The best technical patterns is the BULL FLAGS. It comes in many verities. Learn to spot them. +* Candle stick patterns don't mean anything WITHOUT follow thru. A Hammer or a DOJI means nothing unless it gets follow thru the next day. +* Very hard to short a market when the financial stocks(XLF) are strong. +* Trading with 'conviction' is great BUT trading with 'arrogance' is a sure way to the poor house. +* You have to understand, you cannot impose your will on the market. The market is bigger and smarter than you and you need to adapt to it. Not the other way around. +* Sentiment polls are worthless for the most part. Focus on price action. +* More market bottoms take place in October than in any other month. A simple observation that i made over the years. +* Always be aware when short interest on the NYSE starts to hit record highs. Normally means we are getting close to a major bottom. +* In December, small caps and micro cap stocks(junk stocks) come alive. many will double or triple in a few days. +* Keep your approach as simple and basic as possible. Can you explain it to a 10 year old? +* The market is master at forecasting events well ahead of time. by the time, the actual news hits, the market has already discounted it. +* Never short a market in momentum mode. +* Never short a market that is "quiet" or "choppy". +* Trading in choppy market is one of the most difficult and frustrating things to do. +* Shorting over the long run pays very poorly. Odds are heavily stacked against bears over the long run. +* Many strong forces are constantly working against shorts: PPT, short sales bans, government intervention etc. +* Every stock will go thru a period of accumulation, topping out, distribution and bottoming and a new cycle begins. Rinse, repeat..... +* Big long candles on big volume are often the start of something bigger. Scan and track those stocks. Many will end up being big winners. +* Trust your gut, if something doesn't 'feel' right, sell it. Analyze it from the sidelines (emotion free) +* Chat rooms are the best learning tool but be aware of what is noise and what is quality actionable, tradeable information. +* Be ware of trades that "fill easily". The best trades barely give you a 'good price'. +* It takes a brave soul to admit a trade is not working and sell it at a loss. The 'easy' thing to do is carry the position and "hope" it turns. +* Your 'hardest' work should be done while the market is closed. So that when the market opens, you will be prepared once your setups become active. +* Surround yourself with POSITIVE people. haters are hating for a reason. They are LOSING. pure and simple. Positive people are winning or on the right path to winning. +* Work HARD and work SMART. Both are equally important if you want to make a profession from your trades. +* The character of the person will be tested when things are going horribly bad. Will you be the phoenix to rise from the ashes? +* Don't brag, beat your chest when things are going well. Eventually mother market humbles us all. +* The harder you force trades, the more likely to lose. Allow the natural process to happen...naturally. +* Lucky breaks normally come when you are trading well. Unlucky breaks come when you are trading poorly. +* Wining and losing streaks come in cycles. Be aware which cycle YOU are currently in. Be aggressive when winning and confidence is high. +* TOPS are a long process, rarely a single day event. +* Failed breakouts and deterioration of stocks under the surface are the first warning signs. Fewer and fewer stocks left holding up the indexes. +* BOTTOMS are a process, rarely a single event. Many stocks start to bottom well ahead of the indexes. +* Always be aware of what is going on in the "MARKET OF STOCKS", not just the "stock market". Indexes will always react to what is happening to stocks under the surface. +* In bull markets, you buy dips and trade breakouts when momentum is clearly UP. In bear markets, you short weak low volume bounces and short breakdowns when momentum is clearly DOWN. +* Don't be a bull, don't be a bear: Be a predator. constantly lurking and stalking the "easy prey". +* Perma bulls and perma bulls are dangerous, lazy and arrogant. Don't take their views too seriously if you care about YOUR account. +* It's not about being 'bullish' or 'bearish'. It's about being RIGHT. Please understand this. It's vital to long term survival. +* It's not about being 'bullish' or 'bearish'. It's about being RIGHT. Please understand this. It's vital to long term survival. +* It's not about being 'bullish' or 'bearish'. It's about being RIGHT. Please understand this. It's vital to long term survival. +* Catching falling knives will sooner or later land you into a mine field. Big difference between buying a dip and catching a falling knife. +* Swing trading triple ETFs will give you insomnia. Is it really worth it? +* Professional traders know strength begets more strengths. Weakness begets more weakness. +* Anticipate "now" what you think will be 'popular' later. +* Most traders are never "happy" with their trades. Understand that no trade will ever be "PERFECT". +* When a stock breaks out on big volume. The first dip will normally bought up very quickly. +* If you have no solid plan(i.e. Setup, proper entry, stop loss, exit strategy, target), then why are you in the trade? +* Often times, the best trades require you to buy high and sell higher. +* Learn to be patient once in a winning position. Learn to be very impatient when in a losing or questionable position. +* Lowering a stop loss is the first sign of trouble. You are breaking the rules and emotions are starting to creep in. Careful when u see that. +* Never ever, get into a position that is "too BIG" for the account size. All it takes is a bad trades to cripple you beyond repair. +* It's ok to say " I am wrong and what do I need to do now?" +* Always be aware of which stocks are exhibiting STRENGTH in a weak tape. +* Always be aware of which stocks are exhibiting WEAKNESS in a strong tape. +* Boredom trades costs add up and can hurt you. Be aware of when you are simply bored and looking to trade something "JUST TO TRADE". +* You will never buy the exact bottom and you'll never exact sell the exact top: Don't beat yourself up if "you left money on the table". +* EMOTIONS is what causes most traders to break their rules. +* It's NOT the news that is most important, it's the REACTION to the news. Respect the price action. +* Use YOUR gut. If it doesn't 'feel' right. Remove it. Reassess from the sidelines(emotion free). +* Have a list of setups READY for the following day. Know the trigger prices ahead of time. Have plan: setup, position size, entry, exit, max loss and targets. +* NO plan? NO TRADE! +* 10 times out of 10, Traders who carry BIG losses wishes they had respected their "ORIGINAL" stop. So, respect the ORIGINAL STOP LOSS, ALWAYS! +* Over trading is the POISON for your trading. LESS IS MORE! +* Never chase GAP UPS. Allow the first 45-60 minutes to pass by and then see what is setting up best intra-day. +* You want to enter stocks that have the BEST bases on ALL TIME FRAMES. Weekly, daily, 60 min, 30 min, 10, 5 min. << the more time frames align, the higher the probability the trade. +* Focus on finding "GOOD BASES" :: The longer a stock bases, the more meaningful the breakout. +* Keep a balanced life. It's not all about the screens. Spend time with family, friends: They deserve more attention. +* Stay humble, stay grounded, remember where you came from and where you want to go. What is here today, can easily be gone tomorrow. Respect what you have yet shoot to achieve more. + +The beautiful tips above were written in 2011 and are still very up-to-bullish! + +Credits to Traderstewie: [https://twitter.com/traderstewie](https://twitter.com/traderstewie) + + +**TL;DR: Save for later.** +I take myself to be like many of you on here so I thought I’d share my story. I didn’t yolo or make one large bet. + +I invested in multiple stocks all off which have dropped heavily and I am at 90% portfolio loss. + +I have had to move now to very basic accommodation and the next step for me will be the street. Be careful what you invest in and don’t listen to TA or others who think they can tell the future. + +I never thought I would be homeless but I had too much conviction and was blind sighted by hype. + +When you throw money in the stock market you are gambling, I don’t care what the company is. + +It’s all fun and games until you can’t house or feed yourself. I I my have myself to blame but let my story be a caution to you all. + +Stay safe out there. +I made a [post about a month ago](https://www.reddit.com/r/financialindependence/comments/81fx7e/i_31f_think_im_ready_to_quit_my_job_and_go_work/) about wanting to quit my $85k job, with $500k saved, and my plan was to work part-time at Starbucks to get health insurance. I was wondering if I was insane. I realized, after reading all the comments, that I was a little insane/stupid for wanting to do that. That day, I deleted the Word doc file which contained my resignation letter, and decided to update my resume to look for a new job instead. + +The following Monday (the day I originally planned to quit) I got in touch with a prominent employment agency in the area and had a 20 minute talk with a recruiter that afternoon. Within that week, the recruiter got me set up with 3 interviews for various finance jobs in my city. One was part-time and the other 2 were full-time roles that I found interesting because they weren't traditional finance jobs...they were quasi finance/IT roles. + +Out of those 3 interviews, I got 2 offers last week - an offer for the part-time job and an offer for one of the full-time positions. I accepted the full-time position. I chose it because it comes with WAY better benefits than my current job, more flexibility in the hours, less over time, work from home 2 days a week, and I also got a salary bump from $85k to $98k. + +I'm going to give my 2 weeks notice tomorrow...good riddance. I can't wait to leave this job. I now feel a renewed yearning to work. I'd had it up to HERE with the traditional office environment in my current job and all the crap that comes with working in an office. I realize that's the real reason I wanted to abandon working. I think this job change will make working more enjoyable and I won't be miserable. I'll at least have that pink cloud experience that comes with starting a new job. With my current job, it got to the point where I would start every work day with thoughts like: I don't wanna be here today, this sucks, these cubicles are starting to look more like prison cells, etc. + +So that's my update. I don't know if I'll truly be happier with this new gig, but I'll give it a year and who knows...maybe I'll be one of those people that love my job. Maybe I'll still hate working and I'll consider quitting again a year from now. Who knows. I'm pretty optimistic, though. I'd really like to grow my stash to around the $1 million mark in order to RE comfortably without forcing myself to make lattes part-time, for peanuts, just to get health coverage. + +Bonus win for me: I selected a start date further out so that I'll have enough time to finish out my 2 weeks, decompress for 1 week, travel for a few weeks (where? not sure yet), then decompress for 2 more weeks before I start working again. +**Before I start:** I received my PhD studying drug delivery platforms of small molecule and protein based immuno oncology therapeutics in 2019 from one of the world’s best universities. I will not disclose anymore personal information since it looks like this forum is under a lot of scrutiny. + +&nbsp; + +Let me give you all a little historical background to Immuno oncology (I/O). I/O is an incredibly hot field of cancer therapeutic research today that harnesses your own immune system to fight off cancer. Think of a vaccine that trains your body to kill off cancer cells. In ideal cases, the patient gets some flu like symptoms (that’s their immune system being activated), and then they go into full remission, with their immune system protecting their body from cancer. + +&nbsp; + +The first major blockbuster I/O therapeutic that was FDA approved was Nivolumab, an anti-PD-1 antibody. It was approved in 2014. One year later, Yervoy (CTLA-4) was FDA approved. Three years later (2018), Professors James Allison and Tasuku Honjo share the nobel price in medicine for discovering CTLA 4 and PD-1, respectively. In other words, this shit is a big deal, and is now believed to be the ideal therapeutic modality to cure cancer. + +&nbsp; + + +**Okay-Superstonk time** + + +&nbsp; + +The other night I was watching the wall street conspiracy, after it was mentioned in a couple of superstonk interviews. About 10 minutes in, they start disclosing an example of naked short selling of a biotech company called “Viragen”, and how their treatment could cure multiple sclerosis and metastatic malignant cancer. There was this stock broker and an ex employee of Viragen talking up this treatment, and how it could cure cancer. + +&nbsp; + + +Their stock was naked short sold on the open market, tanking their share price, and preventing them from raising funds, destroying their credit, and ruining their future prospects. Sound familiar? + +&nbsp; + + +I rolled my eyes and called bullshit: you know how often universities “cure” cancer? About once a week. Odds are that this was some bullshit treatment, or it was some minor tweak of chemistry on a chemotherapeutic. Yeah, the medical and scientific community would “suffer”, but honestly, no big deal. + +&nbsp; + + +But then they called out the drug name: Omniferon, which immediately struck me as an interferon therapeutic, as early stage drug companies are rarely creative with their names. I immediately stopped watching, and looked into Viragen. What I found got my blood boiling. + +&nbsp; + + +There’s no longer very much information about Viragen, but what I found was that: Viragen was a biotech company founded in 1980, and their lead candidate was a multitype human interferon alpha, starting their clinical trials in the early 2000s. + +&nbsp; + +What is interferon alpha, can it cure cancer, and why do we care about a company founded in 1980? Well, to get started, interferon alpha is a protein based immune cytokine that modulates immunity. In ape-speak, this thing can jump start your immune system. Useful for things like… I don’t know, cancer, covid, Hepatitis, HIV, etc? There are currently over 3000 clinical trials recorded on the use of interferon alpha for dozens of different diseases: https://clinicaltrials.gov/ct2/results?cond=&term=interferon&cntry=&state=&city=&dist= + +&nbsp; + + +So wait, this company was working on an immunotherapeutic all the way back in 1980? Yep, it looks like it. Before oncologists had even coined the term immuno oncology, these guys were trying to do it. Let’s look at the timing of their drug development and compare it with another therapeutic: Peginterferon alfa-2a and alfa-2b, two modified single type interferon alphas that is sold today be Merck. They were clinically approved in 2001 and 2002, respectively. Viragen’s multitype interferon was hot on the heels of Merk’s therapeutics, with phase II clinical trials in Europe ongoing around the same time: https://www.bizjournals.com/southflorida/stories/2001/06/18/daily33.html + +&nbsp; + + +In vitro studies showed that their multitype interferon was superior to Merck’s interferon in vitro: https://www.biospace.com/article/releases/viragen-inc-multiferon-r-shows-potent-activity-in-preventing-the-progression-of-malignant-melanoma-study-to-be-published-/ (just a heads up, as a scientist, I can tell you this study drew the wrong conclusions from the data, but thats not the point. This was a legitimate company trailblazing one of the hottest biopharma fields today) + +&nbsp; + + +Lastly, in spite of all of the naked short selling of Viragen, they were still able to get clinical approval of multiferon in Sweden: https://www.thepharmaletter.com/article/viragen-s-multiferon-approved-in-sweden. + +&nbsp; + + +So let’s recap. Viragen was an early trailblazer of today’s massive field of immuno oncology, which lead to two nobel prizes in 2018. They gathered a team of talented scientist, technicians, clinicians, and businessmen to drive forward a potentially groundbreaking cancer therapeutic. They were shortsold into the dirt because shortsellers in the early 2000s did not understand what I/O was. In spite of all this, they developed an immunotherapeutic that had enough clinical success to be approved in Europe, in spite of their inability to raise funds on the stock market. Imagine what they could have done if they weren’t short sold? + +&nbsp; + + +This leads to another question that really gets my blood boiling. What other companies are developing new therapeutics, or trailblazing new scientific, medical, or engineering modalities that are getting short sold into the ground? I know of three companies off the top of my head in the EV space (QS, TSLA, and RIDE…DO NOT BUY THESE COMPANIES RIGHT NOW, GME IS THE MOASS) + +&nbsp; + + +Short sellers are not innovators. They are not scientists. They do not have the ability to think outside the box and see what others do not. They do not understand the technologies they are shortselling. They do not know the feeling of spending countless nights in the lab trying to achieve their vision, frustrated by all of the setbacks, but driven by the potential of their work to change the world. Short sellers are parasites, taking advantage of innovative technologies that the average investor does not understand. They naked short sell, and spew FUD to make money, all while driving perfectly good companies in the dirt. + +&nbsp; + + +Fuck these guys. They all belong in jail. Short selling should be banned. I’m not selling. + VANCOUVER, BC, May 5, 2021 /CNW/ - good natured Products Inc. (the "Company" or "*good natured®*") (TSXV: GDNP), a North American leader in earth-friendly plant-based products, today announced that, through wholly owned subsidiaries, it has entered into definitive agreements (the "Definitive Agreements") to acquire all of the operating assets of Ex-Tech Plastics Inc. ("Ex-Tech"), a manufacturer of high quality, rigid plastic sheets, and real estate assets owned by a related company ETP Inc. for cash consideration of approximately $14.1 million USD (the "Acquisition"). + +Founded in 1982, Ex-Tech is located 90 minutes from Chicago in Richmond, Illinois and produces a variety of plastic sheet and film products, including extruded roll stock sheet for thermoformed packaging. Ex-Tech operates seven different extrusion lines in a dedicated 75,000 square foot facility on 9.5 acres of land. Ex-Tech's 105 customers serve a diverse set of end markets, including retail, food, and medical packaging. Customers are primarily located in the midwestern and southwestern United States. + +"We are extremely pleased to build on our long-standing partnership with Ex-Tech that dates back well before March 2016 when we acquired Ex-Tech's bioplastic division," said Paul Antoniadis, CEO of *good natured*®. "The combined entity positions us as one of North America's leading commercial sheet extruders, serving over 200 thermoforming packaging companies across North America. This acquisition firmly secures the Company's market positioning within our industrial roll stock market segment, while setting the stage for future expansion in production and manufacturing capabilities." + +Paul Antoniadis, CEO of *good natured*® continued, "This acquisition will significantly add scale to our operations and follows the acquisition of IPF in December 2020. Ex-Tech's FY2020 revenues were $25.8 million USD or approximately $33 million CAD, and when added with IPF's trailing twelve month revenue of $17.1 million CAD and with our fiscal 2020 revenue of $16.7 million CAD, the Ex-Tech acquisition will nearly again double the revenue of *good natured*®. We expect to access cost synergies in terms of eliminating our existing outsourcing agreement and from our additional scale of operations. The Ex-Tech Acquisition represents *good natured®* third acquisition in the last 12-months and demonstrates our team's capability in executing on our acquisition growth strategy." + +"We have witnessed firsthand, over the past several years, the tremendous growth we've achieved with *good natured*® and also benefited as material owners of *good natured*®," said Emily Pichon, Chair and majority owner of Ex-Tech. "We believe now is the perfect time for the two companies to fully integrate. Given the significant growing demand for environmentally responsible materials and the greater scale and influence we can achieve together, combining forces creates tremendous value in our industry, as well as for all of us as owners. Our family believes in the strategy and business model of *good natured®* and intends to hold our approximately 5 million shares in *good natured®*." + +**Key Highlights of the Acquisition:** + +* Ex-Tech generated revenue of approximately $25.8 million USD and net income of approximately $1.5 million USD in the calendar year ended December 2020 (or "FY2020") +* Ex-Tech generated unaudited variable gross margin rate of approximately 30% and gross margin rate of approximately 21% in FY20201. +* Adds 105 business-to-business ("B2B") customers, growing the Company's B2B segment to a total of approximately 600 customers +* Adds between $11.0 and $13.0 million USD (unaudited) of total assets to the Company's balance sheet +* Ex-Tech delivered FY2020 EBITDA2 of approximately $2.6 million USD +* The current management team operating Ex-Tech will be joining the *good natured®* team +* Highly strategic and synergistic acquisition that is expected to be immediately accretive to shareholders on an adjusted EBITDA basis +* Expected to provide synergies of approximately $1.0 to $1.2 million USD in the twelve months following the close of the acquisition +* $3.25 million USD in net working capital acquired at closing +* Includes real estate with a current appraised value of approximately $4.25 million USD, resulting in a net price for the business and operating assets of $9.87 million USD +* The Company will begin accounting for 100% revenue and financial results from the acquired Ex-Tech business concurrent with closing which is expected later in May 2021 + +[https://finance.yahoo.com/news/good-natured-products-inc-announces-150700915.html](https://finance.yahoo.com/news/good-natured-products-inc-announces-150700915.html) +Evidence from the SEBI inquiry are slowly coming into public domain and it doesnt show these executives acted in good faith. The top executives of FT India including Sanjay Sapre, his wife Pradipta Sapre, Vivek Kudwa (Head of APAC at FT), his wife and mother, Aravind Vasudeo Sonde (Trustee at FTIL), Jayaram S Iyer (Listed director of Franklin Templeton India), Venkata Radhakrishnan (also director) all these people withdrew crores of funds from the debt funds, which were then locked for the public. + +Source: https://themorningcontext.com/business/franklin-templeton-top-brass-put-self-interest-first (Pay wall but worth it for those entagled in this mess) + +All of these people who are in the management of Franklin Templeton withdrew funds. On 23 Mar 2020, SEBI approved additional borrowing in these funds above the normal allowed limit. This was the sign of trouble in these funds, that the management of the fund would be aware of. The funds were then withdrawn by the management after 23rd March 2020. + +I dont want to speculate much, but prima facie these actions seem like text book insider trading (acting on non public information). This information was obtained by SEBI inquiry, but for some reason has not been in the entirely released to public. SEBI has also rejected RTI inquiries even from affected parties. One has to wonder on whose side SEBI is acting. + +Disclaimer: Affected in 2 of the wound up funds. While I believe the funds may eventually be recovered, if the management acted in bad faith, then action as per law must be taken. This rattles public trust and belief in the entire mutual fund industry, and also the larger financial industry. In other countries, bad actors have been prosecuted even if they held very high positions, as and when evidence of their misconduct has come to light. +HOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLYHOLYMOLY +Last year was my first year in investing since 2013. It was easy. Profits were coming from all over. + +Starting this year, I maxed out my TSFA and decided to try my hands at beating the market once again. I started with a medium risk portfolio, something I didn't want to tinker with. However, the more I was on Reddit, the more I began reading, the more I began trading, the more money I was losing. + +I work remote and can check Reddit, Twitter, and my Questrade account whenever I feel like it. Over the last week and a half, I realized I was spending more time doing this instead of working! + +Reading posts about huge gains (and huge losses), DD's (with thousands of upvotes), and wallstreetbets, has been exhausting. I'm sure I'm not alone. + +My goal was to originally make a portfolio that I didn't have to touch but I slowly began drifting away from that goal. + +**Confirmation bias** is rampant here, I see it all the time. People asking if they should hold X hoping for someone to say 'yes' or by joining a company's subreddit where everyone's bullish, etc. It even had an affect on me. + +Stock picking takes a toll, I realized I don't have the time to do it. It also affects my work-life balance. + +I recently went back to the basics and my original strategy of ETFs and holding only 4 individual stocks (one being Apple). Sure, I'll probably miss out on 10 baggers but the peace of mind I get from not having to open up reddit and read all the time makes up for it. + +**How has the market recently affected you're day-to-day life? Have you taken any steps to fix things?** + +P.S. If you're on Twitter and want to block some of the financial noise, I recommend the extension Minimal Twitter. + +&#x200B; +Like the title says. Recently added my family to my healthcare and instead of just deducting the money pretax from my paycheck they dropped my hourly rate $5 an hour to cover the costs. Employer brags that he pays healthcare 100%, but when I approached him and said no not really its 100% tied to my wage and why can’t he deduct it pretax like every other employer I have ever worked for he just says thats how we have always done it here. Am i wrong to think this isnt normal? I just have this feeling he is screwing me over somehow. + +A little more info… + +I work for an electrical contractor thats does prevailing wage work as well as private work. On prevailing wage healthcare comes 100% out of the fringe money associated with the job. On private jobs he says he pays healthcare 100% but just docked my pay $5 an hour to cover. +Our plan is roughly $1600 a month for a family with a $4200 deductible for the year. He used to match HSA contributions 50% but starting this year has stopped doing that because he said most companies do not. Again this feels like a lie. + +Anyone have any insight on this or any thought? I would greatly appreciate it. Again i just feel like he is trying to screw me over and it just leaves a bad taste in my mouth. Am I wrong to think this way? Is there anywhere else to post this that might have better answers? + +Thanks in advance. +Any time you look up a list of great investors they're fund managers investing other people's money (great for those people!) My question is: Who is the greatest person to invest that used their own money to have a rags-to-riches story? I'm sure we'll hear about self-made millionaires from this generation that used discount brokers, Reddit, and analysis purely from the internet to amass wealth, in due time. +Having seen eight coaches come and go in less than 10 years, Manchester United fans know their false dawns. Wednesday shed a different light on strife at the giant football club: Elon Musk said he was buying it - and then said it was all a joke. + +Musk, the world's richest person, said early on Wednesday that he hadn't been serious when he tweeted hours previously that he was going to buy Manchester United Plc (MANU.N), now languishing at the foot of the English Premier League as fed-up fans urge current owners, the American Glazer family to sell up. + +"No, this is a long-running joke on Twitter. I'm not buying any sports teams," Musk posted when asked by a user if he was serious about buying the club when he had posted, "I'm buying Manchester United ur (sic) welcome." + +"Although, if it were any team, it would be Man U," he added, rubbing salt into the wound for some: "They were my fav (sic) team as a kid." + +Source: [https://www.reuters.com/business/elon-musk-says-he-will-buy-manchester-united-2022-08-17](https://www.reuters.com/business/elon-musk-says-he-will-buy-manchester-united-2022-08-17/) + +https://preview.redd.it/nyh2fwjqk9i91.png?width=601&format=png&auto=webp&s=ca2526ba2717b6b35ebb8ca43cf5123a7a0cb63c + +https://preview.redd.it/1ql3eufrk9i91.png?width=599&format=png&auto=webp&s=a65bedbed1e1c1cb2de4e3a9a448d4fc982d0543 + +https://preview.redd.it/msatd6ksk9i91.png?width=1200&format=png&auto=webp&s=52f1e3dec82cad9479579d0c13725d0305b15541 + +[--------------------------------------------------------------------](https://preview.redd.it/n91q15itk9i91.png?width=1028&format=png&auto=webp&s=24484afd18a6e5eea8379d1ef4640bcb9ff62e69) + + Elon Musk jokingly said he was buying Manchester United (MANU) yesterday. Two days ago, someone bought MANU for 450k in $14 calls, a 3500% increase in volume and x100+ of its monthly volume in one day. Do you think that was just coincidental or was it a planned joke? +We're in our forties, $1.1M saved, targeting about $2.5M to retire. If we make no change we can save and invest about $100K each year. If she retires now, it would be more like $50K. Assuming 6% return, we would reach the goal in 2026 or 2029 respectively. I like my job quite a bit, she does not like hers. + +**Retirement Pros:** +* About 6 fewer years worked for her, 3 fewer years combined, and all the freedom that comes with that +* Less stress (her job is annoying with a long commute and cruddy boss) +* Better fitness as she has a hard time exercising as much as she'd like with current schedule/responsibilities +* I have somewhat flexible work hours and tons of unused vacation so we could sometimes enjoy things together during the work day +* She can help me tackle the stuff on our to-do list that would help out family but is hard to find time for now, for example selling some of our stuff that is cluttering up the house, cooking new recipes, or working with the kids on a chore schedule + +**Cons:** +* I will need to work about 3 extra years +* If something bad happens like an illness or a layoff, we have less safety net. I was laid off two years ago and was fortunate to find another role in the same organization before I was unemployed, but the thought is still looming +* Her not working could change our relationship dynamics for the worse. For example, she may have lower self worth because she's not contributing financially. Or, she might find the family work to be unrewarding and/or more annoying than her current job. Or I might feel some resentment if I feel like she's not "pulling her weight". I don't expect any of those things to happen, but it's hard to know for sure until you're in it. + +We've talked about all of this some already, but I'd love to hear any other opinions on the situation, thanks. +I’m 15, and I build gaming pcs and I have my own business, logos and everything. + +But I want to know another item I could do this with. Like shoe reselling. + +So I can have the gaming pc business and also multiple other money making methods. +I have a STEM background, math-heavy. I now have to study Economics very quickly, both Micro and Macro. It's written in plan language, and, at first blush, the assumptions of Neoclassical theory seem weird - people don't have explicit and consistent utility functions that can map any basket of commodities to a single numerical Real value, or even ones that can [consistently organize](https://en.wikipedia.org/wiki/Well-order?wprov=sfla1) the sets of possible baskets by preference or indifference. + +However, these formulations started to make sense to me once I tried to phrase them as mathematical statements - I'm getting the impression that they're an effort to take a very complicated and messy reality and express it into tidy, mathematically rigorous models. [You don't really answer the question you set out to, but you answer one about something that's somehow close to your target while being much easier to measure and model and operate with.](https://en.wikipedia.org/wiki/Operationalization?wprov=sfla1). It's the resource-allocation equivalent of physics' infamous "perfect rigid sphere through a frictionless void on a perfectly straight inclined plane with infinite friction coefficient and [no slip or rolling resistance](https://en.wikipedia.org/wiki/Rolling_resistance?wprov=sfla1) being released at time t=o with velocity v=0" as something that is utterly deranged and surreal at first glance, but is a useful first approximation on the long road to "how should I build the brakes on this car so it can go down the steepest hills with roads on them at a fluid yet safe traffic speed" or "how do I design the rails and wheels on these drawers so that they slide down into place when released and slow down *smoothly* at the end so that they close *just so*". + +Sorry for the detour. TLDR, what I mean to ask is: what are good textbooks on "economics for STEM-trained dummies" or "economics in math-speak" or "good luck writing any of this digitally without generous helpings of [AMS-LaTeX](https://en.m.wikipedia.org/wiki/AMS-LaTeX)"? +For those who haven't read it, the [FCA has published](https://www.fca.org.uk/publication/research/understanding-self-directed-investors.pdf) research into the sudden, and recent, rise of self directed investors. With the following interesting points: + +**18% of new investors over the last 3 years are aged 18-24** driven massively by the popularity of apps such as Freetrade and Trading212. This represents a 3x increase on previously research. + +**Those individuals who were investing in volatile high-risk products had a high degree of self confidence and claimed knowledge** but found actually this was misplaced. + +* Investment decisions were placed on gut instinct +* Predominately choosing 'hyped' investments or using big name brands as 'safe' investments like tech companies +* Motivated mainly through making money quickly and the novelty of the apps + +**Investors with less than 3 years experience use 'alternative' sources of information** getting their investment research from: + +* 27% - YouTube +* 25% - Social Media (Instagram/TikTok) +* 19% - Influencers/vloggers + +**Only 41% of new investors believed that losing money they invest was a genuine risk** with quotes such as + +* *If you don't take risks, you won't get the hard gain* +* *investing for about 18 months in FX as it was the most lucrative and easily accessible. Shortly after went into crypto* + +**59% claim that a significant investment loss would have a fundamental impact on their lifestyle** with many stating they would dip in and out of their investments when short on cash + +&#x200B; + +The quote that really stood out to me as the definition of this newest generation of 'investors' + +*"I started looking at investment w2bsites like Vanguard, but felt completely out of my depth. Apps like Trading212 are really easy to use and the accessibility really catered to me"* + +*"Trading was something new I could put my mind to. My flatmate got me into it and I was it as an interesting way to pass some time"* +Just like the title said, in my opinion the worst part of this strategy is how slow the beginning is. I’m 16.2k about to put another 200 dollars in, reinvesting the dividends, 50 dollars per month. Been doing it for a bit over a year and my god compounding is the best and worst of this strategy. +Been seeing a lot of users posting DD on Alibaba and making a bullish case for it. Seems like the massive drop in share price now should be a fantastic opportunity to pick up the Amazon of China at only a forward P/E of 18 right? Not exactly. + +This has been posted before in less detail, but I think it's important to remind investors of the current circumstances arising during the anti-trust probe with China. + +The reason why BABA is nose-diving on any extra news of government involvement is that BABA represents ownership of a shell company in the cayman islands, not actually Alibaba itself. The shell company doesn't even have ownership of Alibaba's equity. If you want proof of this, simply open up any of their financial statements filed with the SEC. + +Chinese law forbids foreigners from owning strategic assets in the country, and Alibaba wouldn’t be able to keep its licenses if, say, a U.S. hedge fund directly bought into the company. Basically, the Alibaba stock will buy you a stake in a Cayman Islands-registered entity that is under contract to receive the profit from Alibaba's Chinese assets but will not actually own them. This structure is called a VIE. + +So think about this, if Chinese laws prohibit foreigners from owning/investing in these kinds of assets in China, what would protect the shell company in the Caymans from enforcing their contract to receive profits from Alibaba if shit hit the fan with the CCP? If Alibaba gets broken up during anti-trust probes, how do we know which subsidiaries BABA ( the shell company in the caymans) will be contractually obligated to receive profits from? Heck, is this contract to receive profits even enforceable in China, where the law clearly states foreigners can't own strategic investments? + +Is this VIE structure even legal in China? Beijing has never acknowledged the legality. According to Harris Bricken, an international law firm: + +" VIEs are illegal. We disagree with those who are saying that what is proposed is a two tier, foreign/Chinese system. " + +We don't know the true answers to the above questions. BABA could easily be worth 0$ if investors one day decide that the "contract" to receive profits from Alibaba is basically BS. + +Alibaba and Chinese executives come out a winner either way. Alibaba was able to raise billions from foreign investors without giving up a single bit of ownership. + +Oh, by the way, all Chinese listed companies on US exchanges are listed as Cayman shell companies, this isn't specific to Alibaba. Baidu and JD are set up the same way. + +EDITS: + +1. Since many of you are asking, yes NIO is also set up this way. When I said all Chinese companies are listed this way, I literally mean 100%. +2. I don't know why so many high-profile investors still buy these ADR's. My favourite value investor, Bill Miller, also holds a huge position in BABA. I guess you're either in the camp that believes China won't enforce their own laws on foreign ownership so BABA's VIE is undervalued, or that one day they will and so the intrinsic value of BABA's VIE is 0$ because profits can never legally flow to foreign investors. +3. The SEC just last month in a report published in November expressed serious concerns: "These China-based Issuer VIE structures pose risks to U.S. investors that are not present in other organizational structures. For example, exerting control through contractual arrangements may be less effective than direct equity ownership, and a company may incur substantial costs to enforce the terms of the arrangements, including those relating to the distribution of funds among the entities. Further, the Chinese government could determine that the agreements establishing the VIE structure do not comply with Chinese law and regulations, including those related to restrictions on foreign ownership, which could subject a China-based Issuer to penalties, revocation of business and operating licenses, or forfeiture of ownership interests. " Source: [https://www.sec.gov/corpfin/disclosure-considerations-china-based-issuers](https://www.sec.gov/corpfin/disclosure-considerations-china-based-issuers) +4. After some further research, Mainland Chinese companies listed on the HKE are also VIE's and considered "offshore". Here is what the org structure looks like: [https://cdn.i-scmp.com/sites/default/files/d8/images/methode/2020/12/21/7b58a856-4294-11eb-be63-b2d34bb06b66\_972x\_163317.jpg](https://cdn.i-scmp.com/sites/default/files/d8/images/methode/2020/12/21/7b58a856-4294-11eb-be63-b2d34bb06b66_972x_163317.jpg) +Dear fellow apes, + +I implore you to join me in solidarity to show the SEC/DTCC that any fuckery will not go unpunished. If they do try to fuck us, don't buy a single share. They need to know that we will. + +I am absolutely certain it has crossed their minds to screw retail, and they're doing so at current by not enacting the new rules when they absolutely could do so. + +I, for one, will never buy another US stock if they weasel out of this one. They need to know the economic damage of cheating will be worse than what will happen naturally. + +And let me tell you, if you let them get away with this one, the next one will be far worse, and you will be subservient for life. + +If they pull any shit, I'm closing my trading account permanently. Please show them you will too, and it should discourage them. I'm forced to play by their rules, and everyone else should be too. + +Yours, to the moon and back, + +A. P. E. + +🚀🚀🚀 I don't respect the SEC +my job shut down, i work in a coffee shop and don't have many skills but love being creative and visual and i'm wondering if anyone has any ideas of things i could do or jobs i might be able to get from home in order to make some cash? + +any help or suggestions would be really appreciated thanks guys +Context: My mother is on benefits and doesn’t work as she is disabled. I am the eldest child and I also live with my sister. +I’m starting university in September and staying at home, she claims she will lose £400 a month in benefits for me. +Am I right in thinking this number is high? +I thought the child benefits go towards a child’s food and clothing, she doesn’t buy me any clothing and only buys food for me. +She hasn’t allowed me to have a job as she says she will lose benefits and now she’s trying to make me get a job during uni when I want to focus on my study. +I’m unsure what to do as £400 a month seems ridiculous and I’m not in the financial situation to pay that much. +Is me offering to just pay for my food a fair compromise? +https://www.warren.senate.gov/newsroom/press-releases/senator-warren-reps-chuy-garca-and-lee-introduce-legislation-to-extend-nation-wide-moratorium-on-evictions +If you're in this subreddit then you probably know about the huge energy bill increases coming in winter. You may also know that a huge number of people are living paycheck to paycheck, especially after the last energy bill rise. Over 2 million or 3% of the population are using foodbanks, and that was the case even in 2019. Many homeowners are overleveraged, with the interest rate rises and all. And there's a global food and fertilizer crisis too. + +When the bills go up, unless you're really wealthy your two options will be to not pay if you can't afford it, or to pay and reduce your disposal income if you can. Energy suppliers will go bust (will they get bailed out?). Spending will reduce which surely leads to economic contraction. But many might also default on their mortgage or be unable to pay things like rent and credit card debt. + +So what's the best thing to do if you have investments and are still able to make savings now? Is it bad to have savings in GBP, should we buy USD? Or just hold US stocks? A lot of other countries are in the same position too. +What a bunch of potatoes, they are over there circle jerk complaining because the dividend yield being paid on VDHG is so **high** they will pay more tax. + +Literally complaining about making money. What kind of dumb ass finance sub complains about good economic times. + +[https://www.reddit.com/r/AusFinance/comments/o97gcm/vanguard\_estimated\_distribution/](https://www.reddit.com/r/AusFinance/comments/o97gcm/vanguard_estimated_distribution/) + +&#x200B; + +Spelling edit. +Hello, + +i checked Justin Sun's Wallets and was scared! + +The creator Wallet of the TronToken Contract send (for some tests?) a transaction to https://etherscan.io/address/0x60dfe511ef939e25843471e34e856e5b2e07c92a. +I think this is a side Wallet of Justin Sun. + +After Tron appears in the Top 20 Justin Sun starts selling every day million of TRON at Liqui.io and Binance.com in 200.000.000 steps. + +Since 19 days he sold 6.000.000.000 TRON for ETH and send the ETH directly to some ETH to USD exchanger like Gemini. Its around $300.000.000. + +I saw his Tweet that his company "locked" 34.000.000.000 TRX coins: + +https://twitter.com/justinsuntron/status/948966939245797376 + +But im confused. Its a normal Wallet. He can access this Wallet every second when he want and can withdrawal this to a exchange to sell it for ETH and cashout to money. +Also he said: "we locked up all #TRX we have until 2020 … because we have confidence in #TRON" but he sold his 6 billion TRON? + + +- Why he dont create a Contract who allow withdrawal only after the year 2020? +- Why he sold already sold his TRON for 300 MILLION DOLLAR? Did he dont believe? Because its shitcoin? +- Why Justin Sun post all the time statistics about Market Cap, Coin Rank, Volume and some wired Price Prediction? +- Why is there no Source Code at Github or other from TRON? Is there no product? + +Build your own opinion but i think in few days when he sold all his private Trons for half a billion dollar then he start to sell the "locked" 34.000.000.000 TRON. + +EDIT: + +The Adress (0x60dfe511ef939e25843471e34e856e5b2e07c92a) that starts selling since 19 days had 6.100.000.000 TRON Tokens on the TokenContract. This are the tokens that was left from the ICO and Company. He sold already 5.700.000.000 and have 400k left. You can check this at: +https://etherscan.io/address/0xf230b790e05390fc8295f4d3f60332c93bed42e2#readContract +Enter 0x60dfe511ef939e25843471e34e856e5b2e07c92a at 4. balanceOf. + +As you see in the contract its REALY WEIRD: + +uint256 constant valueFounder = 100000000000000000; //this are 100.000.000.000 because 6 decimals +the initialize function: + function TronToken(address _addressFounder) { + owner = msg.sender; + totalSupply = valueFounder; + balanceOf[_addressFounder] = valueFounder; + Transfer(0x0, _addressFounder, valueFounder); + } + + +EDIT: + + +There are much people say "this is not justin its a private investor". + +https://etherscan.io/tx/0x9f407fc4aa9d984170fe341b1abcf85b67ec465a891c88c0c738fcd09110b5f7 + +Its a Bidding on Cryptokittties. Now we check this Address on cryptokitties.co + +https://www.cryptokitties.co/profile/0x60dfe511ef939e25843471e34e856e5b2e07c92a + +And what we see? The name of this Account is justinpets here are Screen: http://i.epvpimg.com/CjCSdab.jpg + +- the Contract Creator send to this Wallet ETH. +- Its about 10% (half a billion dollar) and this should be a private investor? +- Cryptokitties name is Justinpets why should a private investor call his name so? perhaps his twin brother? + +This proofs that its the Private Wallet of Justin Sun! + + +When u look this wallet 0x2c95d08a3d3a27d7b235ab9de0a32e8c0d8de144: + +https://etherscan.io/tx/0x5025e709d50535dd5b907c36151cc9b164cfe69c91c418c088feb82513413460 +https://etherscan.io/tx/0xc373331caa149f7a3fb78b6e714a8804490e46e9a76bc029c8e8644e94fc5390 +https://etherscan.io/tx/0xcc30560da1a5ac435f7286fba8b3defb56cac02c8687067ca297fc9a18b41c4c +https://etherscan.io/tx/0xcfb2b981252504eee1671f35c2fece4165053fe2bbb55f0745d40f86997e258c +https://etherscan.io/tx/0x6d8b7f426b476f9e2b6bf8f2c37dc0184812b2c2319b1dc642de3c1dd891193c + +Why 0x2c95d08a3d3a27d7b235ab9de0a32e8c0d8de144 is sending ETH and receive from the Wallet that sold 6.000.000.000 TRX for $500.000.000? + +10 Days later: + +https://etherscan.io/tx/0x684659c52cbd330eae5c6e6c72a688a0e453f3b2186714403621e5d0712d9ac0 + +He send to the Contract Creator of TRON 1 ETH to create the Token? + +What is this? + +http://i.epvpimg.com/Xvkbdab.png + + +Thanks to /u/Ironicus he send me this Video: + +https://twitter.com/justinsuntron/status/949460752414339074 + +At the time 34:27 you can see he use the Name "justinsun" but in his tweet he say "When it comes to registration I use my Chinese name "Yuchen" rather than English name." wtf? + +You are caught Justin Yuchen Sun! + +https://pasteboard.co/H1EANOp.png +I’m gonna be honest here + +I’ve seen SO many “Gurus” show up this year on Instagram, TikTok, YouTube and god knows what other platforms + +All claiming they made really great returns but just started trading this year....in March...literally at the bottom of the market. + +Please don’t listen to these guys + +People who’ve made all their money on one or two stocks from just throwing money at the literal bottom of the market don’t know what they’re talking about + +I know this seems obvious but man I’ve seen so many, and just today I had my brother in law tell him his barber was giving him day trading advice + +To those asking: Read a book to learn, idk where you should start. + +Wanna learn TA? @butimnotatrader on YouTube provides some crazy predictive stuff to the T - https://youtube.com/channel/UCfsjoc_1Q9ue1pL0BpehqmQ + +Cue banks Confluence 2.0, teaches you about setting support and resistance, I think this is a paid video that got uploaded? - https://youtu.be/9X3tQcwE5hQ + +Macro economics? Some dude named Steve on YouTube where his wife makes him props (don’t know the channel name) he’s really good at explaining trickle down/up economics + +Don’t listen to Graham Stephen or meet Kevin, I don’t hate them, just...ugh. Clickbait. + +Other than that I have no clue where you should start. Everyone kinda sucks. +It’s just sitting in my safe I feel like it should be somewhere and growing. I don’t have a bank account I deposit cash into my PayPal account and use the debit card. + +I was thinking about putting it all it Bitcoin I would only get .05 which is a shame because last time I got Bitcoin I got .75 for 400 (it’s gone now) +Or is it just selfishness of management? Curious because a lot of the problems I've been seeing across the board with inequality are because wages are so low. I know someone who was in the same role I'm in (as a graduate) at a very similar company 10 years ago and their starting salary was the same as mine. I'm in the UK for context, but I imagine other countries are having similar problems +I dont know if this is the right place to post this. + +My girlfriend applied to a job at a place called HCI group. Within one conversation online they hired her, and said they will send her a check for $4,000 to buy necessary equipment like software. + +This morning, she received an overnight check from Patelco Credit Union for $4,415. + +My dad used to tell me "If it seems too good to be true, it is". And this seems like one of those things. Does anyone have any info on HCI Group, Patelco Credit Union, company scams where they send you a cashiers and rush you? + +**Edit** Email she just received: + +You're to deposit the check to your account and scan and email the atm deposit slip to me on ( redacted ) once done for confirmation, no need to send the slip to any other email address or email any worker that you got the package even if a note came with the check, have already contacted them they just want to make sure you get it, so you email the slip to my email address only, thanks +NOTE: Make sure it's an atm deposit because atm is 24 hours service and funds availability, you need to order the equipment tomorrow once the full funds are available so that you can receive the Equipment by next tomorrow and get started. + +you only need to take your atm card with the check to your bank's atm machine then deposit it into your bank account okay ? you will see the option when you get to the atm + +**Edit 2** Just talked to Patelco. A check for $4,415 was never issued from their company. Sending Patelco a picture of the check since they said its a fraud, and then shredding that son of a b. I've read all your comments by the way! We're just figuring out how to respond to a very needy spammer. + +**Edit 3** Scammers are angry at our non-responsiveness. They threatened us by saying "you better cash in that check or their agents will find you". I promptly told them to fuck off and blocked them. Patelco was very happy we called them, since now they know their company is being used for scams. + +**Edit 4** Just wanted to do another quick edit. My girlfriend received this job offer from her schools job network. She goes to a small, expensive private college and she got hit with this fraud through a secure network that needs to be approved by the school first. Always be on the lookout for scam. + +**Edit 5** We did NOT shred the check. We decided against it and are going to report it. + +**Edit 6** Blowing up much further than I expected this too. /u/iac74205 said I could report it to the postal inspectors if it came by USPS. It came by FedEx, is there a postal inspector for that? + +**Edit 7** We've contacted the school once to report the scam! My girlfriend is taking a shower and right afterwards shes A: Reporting it to the FBI and B: demanding that the school sends out an email blast to all of the students going there. + +**Edit 8** I said it in a comment below, but I just wanted to thank all of you for all of your advice. I've read every comment and we have a ton on our plate to take care of. The users of /r/personalfinance rock! + +**Edit 9** Reported it to the school, this was their message: + +Hi Girlfriend, + +Thank you for sending over this information. We have flagged this employer in Handshake as fraudulent and have removed them as an approved employer as well. I know that REDACTED, our Office Manager, has already created a warning in the system for them, and I will do the same with the information you have sent to me. I will also discuss with our Directors about any further steps that need to be taken. + +Thank you so much for reporting this! Please let me know if you have any other concerns. + +**Edit 10** Using edits to answer FAQ's now. She did not give any information besides what would be on a resume. Work history, name, etc. She did NOT give bank account details or her SS number. + +**Edit 11** Just in case someone wanted to see what the fake check and the letter she was send looks like, [here you go](http://imgur.com/a/lfw0M) + +**Edit 12** I just wanted to confirm this, both Patelco and HCI are legitimet companies. We called Patelco and they have their fraud working on it. We didn't call HCI but I've had enough messages saying they've worked from HCI I believe its legit. I think this guy was just using the names to sound legit. + +**Edit 13** Ladies and Gentlemen, I need to give a shout out to /u/dotonfire /u/Kell_Naranek and /u/meanreds . They pointed out that the signature is Thomas Jeffersons. The dead are rising, and they're scamming /s + +**Gilded edit 14** I was just given gold. As much as I appreciate someone thinking a thread for asking advice is good enough to pay real money too, its unneccessary! If you are really feeling charitable, consider giving to a charity. Personally, I suggest [Doctors Without Borders](https://donate.doctorswithoutborders.org/onetime.cfm?source=ADD1600U0V53&amp;utm_source=google&amp;utm_medium=ppc&amp;utm_expid=7773760-9.T4pemk1yTFeOymrJr_YtIQ.0&amp;utm_referrer=https%3A%2F%2Fwww.google.com%2F) or [PACER](https://pacer.ejoinme.org/MyPages/DonateToTheNationalBullyingPreventionCenter/tabid/229451/Default.aspx) . Use it for something more important than bragging rights. + +**Final Edit 15** Final edit unless there's anything super important that happens. Everythings been reported to the proper agencies, like the FBI. Hopefully we find this guy or get a response. + +Nothing on our end was lost and we took all security percautions so we're safe. Thank you everyone for the advice and help! + +**Final Edit 15.2** For some reason I can't see this post on Reddit anymore besides direct link? Anyways, school sent out an email blast for other students safety. **[MAKE SURE TO REPORT FRAUD TO PEOPLE WHO CAN HELP PREVENT IT](http://imgur.com/gallery/mS8n0)** + +**Final Edit 15.3** I told my dad this got tons of upvotes. He replied with "awesome". Finally my dad is proud +Twitter shares fell as much as nearly 10% early Monday before paring some losses and trading down 6% by midday. + +https://amp.cnn.com/cnn/2021/01/11/tech/twitter-stock-trump-account-suspended/index.html + +Looking at the stock prior to any of the recent events, it hasn’t really shown excessive growth since it’s IPO. Interested to see if this is a good buying opportunity or this stock is stagnant and has a low chance of competing with the rest of big social media companies? +Hey y’all, I’ve been roasted many times on this sub for asking questions that seem very obvious to the OGs in here. Usually what happens is I ask a question, and the reply’s come in like: + +- “Uuugghh, this has been answered so, so, so many times…” + +- “This is covered in the DD…” + +- “Seriously, this question again 🤣🤣🤣” + +So, here’s my bit of advice: + +As a Park Ranger, I answer the same repetitive questions literally hundreds, perhaps thousands of times, during the on-season. How do I answer a question I’ve been asked for the 831st time in late August? I answer it like it is an engaging, novel question that I’m excited to hear. + +Why answer the question that way? A few reasons. + +One - the person asking that question probably has no idea I’ve been asked it 830 times already. + +Two - I want that person to feel welcome in the place I steward. + +Three - I don’t want that person to feel scorned and reject the mission we are trying to carry out. + +That last one is particularly important as it relates to this sub. If we want to welcome people here and grow the community, step one is to not be an asshole when they ask questions that will essentially be newbie questions by definition. This also helps cut down on general toxicity, which is always good. + +If you are wrinkle-brain, please know you are a steward of the sub. With big brain comes big responsibility - teach peacefully 🦧 + +Edit: Obligatory rockets 🚀🚀🚀🚀🚀🚀 +I miss the days of 80k active users and many comments and interactions on each post. Now I can barely scroll through “Rising” before the posts from Hot come up. The Daily Discussion comments are down and I feel like there hasn’t been a solid DD in months. + +I think a lot of this can be credited to DRS, as people have really begun to put their heads down and DRS whenever they can, however I do miss the Swaths of DD and series that we used to have. + +Any other theories to the almost non-existent engagement on the sub? +TL;DR at the bottom + +Hi guys, with the market rallying 20% from its "bottom", many people are expressing the sentiment that we should buy back into the market again because the "fed" or the "government" won't allow stocks to crash. + +We will for sure see unprecedented actions taken by the fed and the government because they have both the motive and the political capital to enact such policies. However, I think this is a misguided reason to believe the market is currently making its "real" rally. + +I am not not a permabear nor am I a permabull. I just try to objectively analyze the facts, apply a healthy dose of margin of safety, and then see if my conclusions are actionable. + +For example, I posted my thesis on why we will enter a serious global economic downturn on Feb 9th 10 days before it happened. At the time we were at the height of the biggest bull market in our history, and I had gotten a lot of attacks on my thesis leading up to me consolidating my thoughts: + +https://www.reddit.com/r/China_Flu/comments/f1fm6y/the_world_economy_will_enter_a_serious_downturn/ + +I continued adding more thoughts on things like the potential efficacy of Chloroquine 2 weeks before Trump announced it in a press conference and the media picked up on it, the potential collapse of American oil producers before the price war happened, casinos going under, helicopter money, bailouts, etc all before they were announced or the markets priced them in here: + +https://www.reddit.com/r/China_Flu/comments/fede69/continued_thoughts_on_the_global_economic_impact/ + +And finally I talked about an upcoming inflection point coincidentally moments before Trump first announced Chloroquine/Hydroxychloroquine and 2 trading days before the "bottom" of the market: + +https://www.reddit.com/r/stocks/comments/fleh7e/incoming_inflection_point_for_general_market/ + +So I'm perfectly happy to make bearish calls or bullish calls, they are dependent variables of independent and unbiased analysis. I hope I made a reasonable case for why I am not personally biased (although, for the sake of humanity, I do wish for progress and prosperity of course). + +I think the market rally is largely a mirage, and we are not getting correct pricings. The rally is probably driven by two main sources: + +- Capital displacement from monetary action + +- Incorrect earnings modeling based on improper historic precedent. + +So the capital displacement is relatively simple: If you're seeking shelter in "risk free" investments that has some yields, you're now competing with a buyer (federal reserve) that prints hundreds of billions up to whatever it wants. They're literally squeezing out capital from the finite treasuries. + +If you want riskier high quality corporate bonds, the fed will be there. + +If you want even equities, you're going to face competition for them in the future. At least that's what former chairwoman Jenet Yellen recently said about the possibility of expanding their powers to buy equities. + +So money is getting squeezed into a smaller and smaller relative portion of the financial markets, and the artificial demand is driving yields down and prices up. I could write a whole thread about this, but let's stick with the explanation of price movement. + +The second main reason for the recent rally is from institutional investors who are incorrectly modeling earnings/yield of equities. So the logic here is: trillions are injected into the economy (fiscal injections), those trillions will become earnings for companies at some multiplier of the original stimulus over x amount of time, and if we add this number to the unstimulated estimated earnings, we can model future earnings. + +My issue with this model, is on two main assumptions: + +The first assumption is the length of disruption caused by the threat of this virus. + +This virus is not going to stop its serious disruption of behavior from economic actors. Especially not in a country like the US where the majority of people have a massive financial disincentive to seek out healthcare. Here's my logic: + +For months I've been praising the governments and response of South Korea, Singapore, and Taiwan. With Taiwan being the absolute best at handling the virus. However, I have also been using them as my leading indicators for how the virus will progress and affect economic actors. What I have seen developing lately is not good. + +Singapore is now calling for a shutdown, after they initially did a herculean job of containing their outbreak. I had hoped that they would develop procedures (that we can copy) needed to run an open economy while the threat of the virus looms in the background. But that is not what has happened. Instead, we are seeing growing numbers of new clusters forming, and quickly getting out of control. They are tightening and shutting down their economy rather than opening up more. This is our leading indicator. A government far more responsible and effective than us is resorting to shutting down. + +Taiwan is faring better, but only because of their prohibitive ban on almost all foreign travelers (this is obviously devastating to their tourism sector and broader economy). Their economy and society remains open, with many if not most people having hardly any interruptions to their lives (aside from mask wearing). They are one of only 3 countries where all children are still going to school. However, even their economy is faltering as they try to balance the prohibitive actions needed to contain the virus and the economic need to keep things open. They are proposing an unprecedented stimulus/rescue package to bolster their economy. And I think it's a safe assumption that if they ever do open up to foreign travelers again, especially with covid19 having proliferated as it already has, then they will have to deal with massive outbreak clusters all over their island. + +South Korea, which has probably the relatable and relevant model for us to copy, has recently extended its social distance campaign. South Korea is a far larger nation than Singapore or Taiwan. They have a climate similar to Seattle/New York. They had a major outbreak in Deagu but didn't shut their country down. They never even banned Chinese travelers, yes, they had Chinese tourists in their country while the outbreak was happening. They were among the first to widely use Hydroxychloroquine/chloroquine as a treatment for Covid19. They had among the lowest fatality rates. They contained their outbreak without shutting the whole country down. + +Even South Korea can't truly return to normal and open their economy up. + +So why, in our incredible American exceptionalism hubris, and far less competent leaders, do we believe we're going to come anywhere close to normalcy in the near future? + +Let's look at the next assumption, that fiscal stimulus would end up as earnings for companies. There's no doubt some will end up as earnings, but only a small fraction of what is being modeled by those on Wall Street. + +The average American don't even have $1000 in emergency funds, do we expect them to return to their normal consumption habits when they risk having hospital bills multiples of $1000 just from walking past the wrong person? Do you think Americans, as much as they love to spend, aren't going to put some of that stimulus check in their emergency funds rather than contribute it to the earning of some companies? Sure, there will be some "forced" spending of the money (food and necessities), but if anyone is modeling the multiplier effect from previous data, then they really don't appreciate how different this virus makes things. Even in the GFC, laid off people didn't really worry about the heightened threat of being hospitalized. + +Finally, some investors believe the Fed and the government literally will do anything to keep the numbers up. If this is true, you should be buying silver (or gold), not stocks. + +Monetary actions can be reversed relatively easily. They are far more dynamic tools. Fiscal actions are not. You put money in the hands of spenders, that money is gonna circulate. And you really don't have an easy way of reversing that. If we think the government is going to keep handing out stimulus checks, grants to businesses, and other fiscal stimulus, then the inflation predicted from the GFC will come true for this crisis. + +The fall out of inflation will be difficult to truly understand. But I do think inflation will be disruptive enough to the economy that inflation hedge assets will outperform other assets at least in the short term. For example, if inflation goes to 5%, who's going to lend to companies for less than inflation? With costlier debt, equity yield goes down, and again, what investor wants yields less than inflation? Inflation is going to cause all kinds of disruptions. I think the disruptions will come down to less liquidity (credit will vanish with uncertain inflation) and higher economic friction (less efficiency). + +So if the response to why the market has to go up is continuous fiscal (and some monetary) actions to prop up spending and earnings, then the question is how will fiscal actions be reversed? How do we get that money out after things go back to "normal"? + +I think if we see equities rise from here, it'll be reflective of inflation rather than inflation-adjusted earnings. Silver would be the play here. + +I have a lot more thoughts on this, especially on the time it takes to turn the gears of the financial system and why the inertia is moving us deeper into global recession, not out of it, but I'm running out of time and must end here. + +**TL;DR this is a fake rally, and if anyone really expects prices to continue rallying, buy silver instead** +It’s not just a little bit either, it’s a lot. Home in CA, PM recommended 3k, I said no do 3.4k. Rented just fine. + +Another one in AL, rentometer says 1.2k easy. PM recommended 900. + +I’m not talking about a couple bucks, it’s actually a couple thousand dollars difference over the course of a year. + +Is there something to this other than they just want to rent it fast? I just don’t get what their incentive is. +I have some stocks that I bought (very)cheap and because of this have massive dividend yields (from 7 up to 10%) most of the stocks are dividend aristocrats/ kings and they keep raising dividends (Exxon, Simon Property Group, Abbvie…). I currently think I will never sell these cause the yield is too good and I will never be able to buy the stocks at these prices again (Exxon at 35 for example). +Does anyone think differently? Especially with Exxon/ oil being cyclical? Would love to hear some insights! +Hope everyone's having a good day/night, + +Just wanted to discuss the current situation largely inflated and volatile stocks such as GME and AMC. Apologies if your reading this and sick of hearing this shit. As you all know, WSB have gone up against large hedge funds, countering large short positions held against these companies. I wanted to get everyone's thoughts on the current situation. Individual investors are buying up GME at prices above 200. I have read comments of Reddit users who have investing large amounts of money following the large FOMO creating by new users of WSB. + +&#x200B; + +Among following the situations for sometime now, what is your opinion on new investors putting large sums of money into these stocks? + +People who have been following the stock for sometime would have taken up this opportunity when the stock price was under $50, But reading first time investors putting in large sums of money after the huge increase in price on 26/01/21 is concerning. + +I believe there are many who have invested amounts which they are not afraid to lose, but i have also read of many peoples who have invested or borrowed large amounts, purchasing the stock at a price above $300. From my understanding, i understand that investing is easier than ever before, and there has been a huge influx of accounts being creating to purchased hyped stocks. + +What are your thoughts? and do you believe this may end badly for some who cannot afford to lose money? + +\*not trying to scare, or discourage anyone, just looking for opinions of peoples with experience or knowledge or the topic. +So I'm finishing April as my first profitable month. I should be thrilled about this but, I feel flat. I'm trying my best to Be upbeat about about it. Let me explain... + +I went live with my account at the beginning of this month. I put in £800 and I grew it to £1,060 within the first 2.5 weeks. I felt great that all my work was coming together and I was seeing consistent results. + +Then...emotions took over, I took a couple of losses. Went off track on my plan once or twice and my confidence took a turn for the worst, which amounted in more losses. I admit I overtraded and let discipline fall as I wanted to get back to the figure I was at. + +So I made a choice today, stop for the month. Take a week break come back after the Bank Holiday. Re energize and understand how I could have prevented this. + +Overall my account is at £900 so I'm up £100 for my first real month trading, just over 10%, I should be pleased with this but I feel deflated like I've let myself down. Once upon a time I dreamt of having my first profitable month and now I've had one it feels completely clouded by my stupid errors. + +Hopefully a small break will do me good. Has anyone else had a similar experience? Did a break help you if so? +Update: I cancelled my accounts with this bank. Withdrew all my cash. The temporary credit was still in my account. I have it deposited at my new bank. + +The claim notification I got today said they would debit my account on 9/12/18 for the “missing” money. However, now there is no account or money to debit. What will the consequences be to me? FYI-I still have a CC and auto loan with this bank, but nothing else. +Was reading an article about Vienna's housing [policy](https://cityobservatory.org/housing-policy-lessons-from-vienna-part-i/) and they mentioned rent control with indefinite contracts being a key feature of the government's approach. I thought economists were in agreement that rent control was a terrible idea but Vienna seems to be doing [great](https://www.insider.com/why-vienna-is-world-most-liveable-city-food-architecture-renting-2020-1). + +What gives? +# 0. Preface + +I am not a financial advisor. I do not provide financial advice. Many thoughts here are my opinion, and others can be speculative. + +Macro economy posts! Horray! When ever you read these posts discussing the market potentially crashing - yes - that is relevant to $GME. Quite a lot, actually. Don't get hung up on other catalysts, because the main catalyst has already reaching a boiling point before our eyes. I think there are two main "catalysts" here: + +1. The markets boil up and crash, leading to mass defaults all around. +2. GameStop creates an NFT dividend like Overstock did to nuke their shorts. + +When shit hits the fan in the markets, that means entities can default. When entities default, especially banks, that means that their overleveraged borrowers (Short Hedge Funds) can go bust. This then, eventually, leads to them covering their short positions. And we know that with the DTC, ICC, OCC, NYSE, NSCC, FICC all pumping rules that were drafted up as early as 2017, they knew things were going to crash sooner or later. + +[Give A Mouse? Give An Ape?](https://preview.redd.it/3jg9qw3wdw771.png?width=821&format=png&auto=webp&s=7107939a67837a43d9267f26b52185fae56bf0d2) + +# 1. Mondays With Significant Market Turbulence; Some Happen The Week Of Quarter Ends + +We're coming up on Monday, June 28th. + +Pretty big day in my eyes. Don't freak out just yet though, I'm just posting my observations and it's up to you to judge for yourself on what could be coming. + +It's a big day especially due to how turbulent the entire market has been since the start of April (hello Reverse Repo blowup) which is unusual. Why is it a big day? Well... + +Per [Wikipedia](https://en.wikipedia.org/wiki/Black_Monday) there are a few significant drops in the stock market (or just market turbulence) on **Mondays**: + +* 28 October 1929 – Stock markets in the United States began to crash as part of the Wall Street Crash of 1929. +* 19 October 1987 – Black Monday (1987) Stock markets around the world crashed, shedding a huge value in a very short time. +* **29 September 2008** – **Great Recession**. **Following the bursting of the** **Real estate bubble** **and the** **Financial crisis of 2007–08**, stock markets worldwide crashed, leading to the **Great Recession**. +* 8 August 2011 - Black Monday (2011): A stock market crash from a credit rate downgrade of the United States' debt. +* 24 August 2015 – 2015 Chinese stock market crash. The SSE Composite Index declined by 8.45%. +* **16 September 2019** – The Federal Reserve begins intervening in the repo market five months before the start of the 2020 stock market crash after the overnight lending rate spiked above 8%. +* **9 March 2020** \- Part of the 2020 stock market crash, the worst day for stock market losses since the Great Recession, fueled by investor panic over the COVID-19 pandemic and the oil price war between Russia and Saudi Arabia. +* **16 March 2020** \- Larger falls than the previous week's fall during the 2020 stock market crash. + +I've highlighted a few of the above dates which had market turbulence: + +* 29 September 2008 +* 16 September 2019 \[This corresponded with Fed QT. There was turbulence in the repo market not the stock market. Quick action by the Fed most likely saved the stock market from tumbling\] +* 9 March 2020 +* 16 March 2020 + +Something interesting about these highlighted dates is they all occurred during the month of a quarter end. + +What's even more curious, is that the **significant pulldown** **of 2008 started the week OF the Quarter End. The crash started Monday, September 29th, 2008. The Quarter End was September 30th, 2008.** + +Side note: Did you know that the [dot-com bubble also burst](https://en.wikipedia.org/wiki/Dot-com_bubble) in the month of a quarter end, March of 2000? + +Check out what happened to DJI on and after September 29th, 2008: + +[$DJI Behavior On and After \\"Black Monday\\" Event of September 29, 2008](https://preview.redd.it/l5uo46gafw771.png?width=1527&format=png&auto=webp&s=dd04baa89fee143d5f1e5922170367bc7111f913) + +And you're probably wondering, "what the hell is a quarter end"? The quarter end is a **specific date** spanning a time period of a Fiscal Quarter, where the year is split into four separate "quarters". It's a day where there is significant strain on the system due to the under workings of the market and the necessity to pump balance sheets. + +[https:\/\/investinganswers.com\/dictionary\/q\/quarter-q1-q2-q3-q4](https://preview.redd.it/9apb10lefw771.png?width=1066&format=png&auto=webp&s=5e049659e68cc0857b99383c2858fb10e9433da3) + +[https:\/\/investinganswers.com\/dictionary\/q\/quarter-q1-q2-q3-q4](https://preview.redd.it/nqbh45qffw771.png?width=481&format=png&auto=webp&s=21c399021d67abd67091dca2612a4703f99779a0) + +As the markets enter and live within the quarters, things might not be too strenuous or volatile but rather stable. As the markets approach the date of the quarter end, and the quarter end itself, **much** more turbulence can be expected. Especially within the repo markets for the sake of pumping balance sheets. + +# 2. Expect RRP To Shoot Up Significantly More By Q2 End On June 30th + +There's a big problem in the reverse repo market. And I'm kind of beating the dead horse here by bringing it up again. Not just because it's relevant to the topic, but there's still misconceptions on why RRP blowing up is a big problem: + +1. The RRP has been **pretty mellow for the past couple of years with little borrowing**. The only two recent blow-ups have been **March of 2020 when the markets were tumbling due to COVID** and **the entirety of Q2 2021 following the** [expiration of SLR protections](https://www.cnbc.com/2021/03/19/the-fed-will-not-extend-a-pandemic-crisis-rule-that-had-allowed-banks-to-relax-capital-levels.html)**.** +2. The RRP has been blowing up **throughout the entire quarter** rather than at the quarter end. This is unusual behavior. There should not be this much strain on the markets when not even close to the quarter-end dates. +3. COVID caused a surge of bank deposits on both the bank and Fed's balance sheets. Now the banks are swimming in liquidity and will need many more treasuries to balance out their sheets. +4. **There is most likely a T-bill shortage** due to over a decade of QE [which sucks $120 billion of treasuries out of the market each month](https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm) and the [US Treasury spending directly out of the TGA (Treasury General Account)](https://www.reuters.com/article/us-usa-treasury-liquidity-explainer/explainer-u-s-treasurys-cash-drawdown-and-why-markets-care-idUSKBN2AM26A) which causes the Fed's balance sheet to require **more** treasuries. As of May 26th, the US Treasury still planned on spending an additional $279 billion by June 30th. This will cause more strain on the treasury shortage as approaching Q2 end. + +[https:\/\/wolfstreet.com\/2021\/05\/27\/fed-drains-485-billion-in-liquidity-from-market-via-reverse-repos-undoing-4-months-of-qe-even-as-qe-continues-total-assets-near-8-trillion\/](https://preview.redd.it/4q1z56q0ew771.png?width=695&format=png&auto=webp&s=c65ca7fe7f5a0618ee22e340799366061721e4d5) + +[https:\/\/wolfstreet.com\/2021\/05\/27\/fed-drains-485-billion-in-liquidity-from-market-via-reverse-repos-undoing-4-months-of-qe-even-as-qe-continues-total-assets-near-8-trillion\/](https://preview.redd.it/rvt3devwhw771.png?width=703&format=png&auto=webp&s=02481c210ea6a8963a8d7ae7bc64e29cd19751ce) + +[https:\/\/wolfstreet.com\/2021\/05\/27\/fed-drains-485-billion-in-liquidity-from-market-via-reverse-repos-undoing-4-months-of-qe-even-as-qe-continues-total-assets-near-8-trillion\/](https://preview.redd.it/tlkggqo5iw771.png?width=664&format=png&auto=webp&s=d7b42fc706a0f6756cb9509b0fa7b208039fdfb0) + +[https:\/\/wolfstreet.com\/2021\/05\/27\/fed-drains-485-billion-in-liquidity-from-market-via-reverse-repos-undoing-4-months-of-qe-even-as-qe-continues-total-assets-near-8-trillion\/](https://preview.redd.it/3nvf9ez2gw771.png?width=684&format=png&auto=webp&s=6fc261bdc103428665e432e1d887bdcafb312c18) + +Number 2 is one of the greatest warning signs. That the RRP has been **blowing up since the start of Q2**. It historically has not done that the past few years, and this shows there has been strain on the system since the start of the quarter. **There has been strain on the system since ENTERING Q2 and it isn't even the end of the quarter yet, at which there is even MORE strain on the system.** + +The RRP market is historically squeezed upward upon these quarter-end dates almost 100% of the time going all the way back to 2014. The Quarter Ends tend to push the cumulative RRP amount up 2-3x its current amount. Notice the spikes of RRP between 2014 and 2018: + +[RRP Movements Relative to Quarter Ends 2014-2018](https://preview.redd.it/9a407hqzbw771.png?width=1461&format=png&auto=webp&s=9c8d3c73cee578ebccfe246cf1fc19407ff6c386) + +Now check out how there hasn't been strain on the RRP for a long time until March 2020 (COVID crash, **end of Q1**) and then **the start of 2021 Q2.** The system has been quite mellow for some time until COVID dumped in tons and tons of liquidity, amplifying the issue of the treasury shortage with way too much liquidity chasing after it: + +[RRP Strain On Markets 2018 to 2021; Insignificant Movements Until March 2020 \(COVID\) and Q2 of 2021](https://preview.redd.it/5zvn93c1cw771.png?width=1456&format=png&auto=webp&s=94882cf5fc78d01ea93ebced4c1921d9581660cb) + +The latest numbers of RRP are $770 Billion as of June 25th. If the historical strain continues where it shoots 2-3x the current amounts, we could see >=$1.5 Trillion worth of treasuries borrowed in RRP. Maybe it will be even worse than a simple 2-3x. It's difficult to tell if the Fed can handle it since there is [evidence they are already trying to hide the t-bill shortage](https://www.reddit.com/r/Superstonk/comments/o4rfnu/the_fed_is_pinned_into_a_corner_from_the_2008/): + +[RRP Current Levels](https://preview.redd.it/5s6jpod4cw771.png?width=1455&format=png&auto=webp&s=239ce9264b3a77ecd2b040e84c39b67d2b1132ba) + +The markets can hit a situation where there is simply not enough treasuries to balance the books of those who need them. Which leads to defaults, which can eventually lead to SHFs defaulting, the auctioning of assets through the DTC, ICC, OCC, and then covering of short positions. + +# 3. $DJI Did A Weird "Recovery" Week Just Like March of 2020 Prior To Its Monday Crash + +There's something interesting I noticed looking back at **March 9th, 2020** and **March 16th, 2020** as identified in the list of "Black Mondays" with significant market turbulence. + +The week of February 24th, 2020, $DJI began to tumble. + +Then, the week of March 2nd, $DJI began to do a recovery. Almost like a "last gasp for air". + +Until the following Monday, March 9th, 2020, things began to fall off a cliff, which continued into the week of March 16th. + +From February 24th, 2020 to its bottom on March 23rd, 2020, the $DJI had lost more than 30% of value. This was a total of 20 trading days. + +The first [$2.2 Trillion Stimulus](https://en.wikipedia.org/wiki/CARES_Act) was passed and signed into law on March 27th, 2020. The markets began to recover in anticipation of this - but this started just one of many stimulus bills to be added to the pile of liquidity that's now chasing the short treasury supply. + +[$DJI Behavior As Approaching Q1 End of 2020 In Response To COVID](https://preview.redd.it/vltkdqi8bw771.png?width=1531&format=png&auto=webp&s=e71921e3bd1158c8abdf3633d5c7514eb78cf333) + +Now check out what $DJI has done since the week of June 7th, 2021. + +The week of June 7th, 2021, $DJI began to tumble. + +It continued to pull down, much more, the week of June 14th, 2021. + +Then, the week of June 21st, 2021, $DJI began to recover. + +It's also worth noting that during this time, $DJI had wiped out the entire gains of the quarter at its low point on June 18th: + +[$DJI Behavior As Approaching Q2 End of 2021](https://preview.redd.it/ij4i6zifaw771.png?width=1532&format=png&auto=webp&s=ca2eeb4a1e2543144567d5f1cda0c6aff3f9cc36) + +There is the potential for things to get real turbulent, real fast. But of course don't expect anything. This does not necessarily mean anything significant will happen to either GME or the markets tomorrow/next week. These are just my observations. + +Quarter end is upon the financial markets and there are only **three days until Q2 end**. Collateral is needed to pump balance sheets, which there is a short supply of. Good luck banks. Good luck money-market funds. Good luck to the Fed. + +Fasten your seatbelts. + +[https:\/\/www.youtube.com\/watch?v=RLwaM-tTiXo](https://preview.redd.it/5agdc97brw771.png?width=600&format=png&auto=webp&s=adc91eec48b0898f4458102b05fbd9b426129b9c) +I'll try to skip the stuff you will see all over the headlines: + +* Greg and Ajit were at the front table with Buffett and Munger but didn't speak much +* Buffett's opening statement was shorter than usual and kinda all over the place (very unusual) +* Buffett's hand shakes uncontrollably as he hold's up one box from the 11 tons' of See's candy on location +* Buffett's annual letter was printed before the $40+billion spending spree end of Feb-MidMarch (Buying opportunity came as a surprise to them too) +* NO Berkshire shares were repurchased in April (probably b/c they spent so much on OXY and Allegheny) +* Buffett kept making analogies to farm land. (kinda wouldn't be surprised if BRK starts buying some) +* Very little talk about inflation. Finally when asked, Buffett says nobody knows what inflation will be next year or 10 years from now +* Best Question of the night imo - Why are you losing out to Union Pacific and Progressive? Greg dodges the question and Ajit basically says Progressive does everything better than Geico (Buffett jumps in and says Ajit has added more value to BRK than the entire market cap of Progressive) +* Greg says they deal with BILLIONS of cybercrime attacks daily +* Buffett says he doesn't want to say anything that will get Berkshire in trouble a few times through the day (Seemed really guarded in his responses) +* They don't like passive ETF/fund managers pressuring them to change board/corporate structure +* Buffett warns about how tribal people are acting. He doesn't think it's good for society + +Overall, I was most disappointed that Buffett didn't walk through some value investing insights like he normally does. No balance sheet walk throughs or earnings/cash flow examples this year. Just a lot of "This is what we bought because it was cheap" sort of talk...I guess that's perfect for this sub after all. +Warren Buffett has often spoken about how interest rates in the 1980/81, pulled down the value of assets. [As interest rates climbed in 1981, the P/E of the S/P 500 dropped](https://en.wikipedia.org/wiki/File:S_and_P_500_pe_ratio_to_mid2012.png). + +I know value investors don't often discuss marco economic issues, but as a newbie I would appreciate your views/opinions on whether this is something to bear in mind. + +[Valuations are so high and seem to be outpacing earnings](https://www.seeitmarket.com/wp-content/uploads/2021/02/sp-500-index-price-to-earnings-valuations-stock-market-year-2021-high-lofty-concern-chart.png) ([*Source*](https://www.seeitmarket.com/how-concerning-are-high-stock-market-valuations-in-2021/)). At the time of writing, [the S&P 500 PE Ratio = 34.50](https://www.multpl.com/s-p-500-pe-ratio). US consumer prices rose by 5.4% in the year to June (also in the UK). I think Warren mentioned the increasing inflation at his most recent annual shareholder meeting. + +Since the growth of asset prices is a consequence of our recent inflation; and since the Fed will counter this by increasing interest rates = **Should value investors just wait this out with regards to these US S&P-type valuations and stocks?** + +Thank you for your time. Sorry if this has already been discussed. +I'm not sure where to post this, but noticed something had changed on the TransUnion website about freezing credit this morning when I was giving links to family so they could freeze theirs. + +I froze my credit the day after news about the Equifax breach broke, and it looks like TransUnion has since changed their site to push people away from freezing their credit in favor for their own product called TrueIdentity (like what Equifax was doing with their TrustedID Premier.) + + +The FTC website links to [this page](http://www.transunion.com/freeze) for freezing your credit with TransUnion. + + +[This is what the website looked before the changes were made on 9/11.](https://web.archive.org/web/20170729070041/https://www.transunion.com/credit-freeze/place-credit-freeze) The instructions on placing a credit freeze were clear and there was no mention of their own TrueIdentity product. + + +If you want to place a credit freeze with TransUnion now: + +* You have to get through a page of info about credit and fraud, and then the action it tells you to take is to "Lock your credit information by enrolling in TrueIdentity." +* The option to freeze your credit is under "About credit freeze", deliberately passive in their use of language +* The description about credit freezing is dissuasive: "A credit freeze may be available under your state law" +* The link for the credit freeze is also a passive "click here" compared with "by enrolling in TrueIdentity" language used for the link to their own product. +* Clicking the link to learn more about credit freeze brings you to [yet another page](https://www.transunion.com/credit-freeze/place-credit-freeze2) that tries to convince you to enroll in their product over placing a credit freeze +* After searching through their page of BS, you finally get to the [link to freeze your credit](https://freeze.transunion.com). + + +This is such a blatant attempt by TransUnion to take advantage of the Equifax breach for their own financial gain. It's a shitty thing for TransUnion to do, and people should be aware that they are being led away from putting an actual credit freeze on their account. + +(Edited for formatting on mobile) +Let's say it is no longer legal for FoxNews, CNN, MSNBS, or even Facebook to profit from selling advertising space to the highest bidder seeking to influence their consumer base. (Only direct consumer supported models allowed, like subscriptions or donations). What would this do to the media and political economies? What about the rest of economy? + +Thanks in advance for your thoughts/reply. + +To clarify: In the above scenario, outside of political news media, companies can still profit from ad-revenue model. They just can't if they are operating (either formally or functionally) as a political news media organization (and since it's my scenario, let's assume no workarounds to keep the adrevenue model alive but at an advantage for emerging media competitors) +Finally I have 1eth. I'm from a very poor family living in a urban area so to gather this much eth for me is glamorous. I'd love to continue trading and I have another 2k in the bank, idk if I should add 1k more to my account instead of leaving it in the bank doing nothing. Ty for reading<3 and sorry for my bad English:c +Victory is near but declaring "they lost" now will confuse people if/when more aggressive tactics are used. And then what does confusuon cause? FUD. So stop. + +We all have to understand and **maintain the awareness** that while the DD is solid, the numbers are solid, several theories are all rock solid - that money does not equal resources. + +And individuals like Kenny, after many years in the game, have positioned themselves comfortably through favours and business deals to form many unseen allies to assist him in keeping his sinking ship afloat. So do not celebrate early. For all we know, Citadel could shut down tomorrow and the stock could still be attacked by other people who have aligned themselves with Kenny and his cronies. We don't know. + +But what we do know, is we're in a very good spot. Just don't celebrate early. That mistake will be seen and as such will be taken advantage of. + +Just stay the course 🦍's. +Since the last November Bittrex suddenly changed my account to "New Account" and disabled withdrawal without notice in advance. I had also tried numerous times of their failing "automatic advanced verification procedure". A ticket had been opened for two months and I had waited patiently, till when I had to write an email to inquire the progress, to which they did not even bother to reply at all (not even a bot message). + +Firstly, unlike Poloniex, Bittrex did not notice its customers who had been able to withdraw before, that they would disable withdrawal completely without advanced KYC. Secondly, they should have allowed people to withdraw the remaining funds prior to the new policy taking effect. + +In comparison, I was notified by Poloniex that they would disable further deposit without Advanced KYC but only allow withdraw the remaining funds in the account. +They also warned that current Adanced KYC procedure may take weeks. I submitted the required document a few days back, I was happy that it took actually only 3 days to complete mine. + +I read months back there were people creating telegram group with people having this issue but did not join thinking Bittrex would solve this sooner than say two months. Now it has been three months with about 100.000 dollars sitting in Bittrex exchange and there is no reply to ticket/mail at all. + +Advice is greatly appreciated. + +Edit: Thank you all for the upvotes and advice. 1. I was/am not involved in any p/d group. I would not even mind if they complain about that with me since I am all clear. 2. I'm not a US citizen so not too familiar with suing at the moment. I will look further if it can not be solved more peacefully. +Edit 2: Thanks again. I also wish everyone with similar situation have their way out. Will update when and how it is solved. + +Update: This is resolved by someone requesting the ticket no. in the comment. I pmed him the no. My ticket was then resolved in less than 2h after the pm. My account summary shows "Enhanced verified" now. Tried and confirmed also that withdrawing works. +I was going to show his reddit id here since he had commented, but it seems he has deleted that comment, maybe not wanting his inbox spammed with ticket no. So I think I should not do it. He has bunch of bittrex support comments in his profile, maybe search for them to get to him. His id is very short. +Lastly, this is not the way to get support. Check Bittrex's twitter and everywhere you'll see there are still tons of people having this account verification issue not resolved, and can't even reach support. +Thanks again for the support. People might also try arsonbunny's method below if their ticket keeps getting ignored by exchanges. Let us know how that works as well. +If you, like me, used recent events as an excuse to leave the clowncar Robinhood, double-check that the cost basis for the transferred shares is correct. Robinhood apparently managed to send Vanguard random numbers for my portfolio. + +Even on really simple cases of a few shares bought a year ago and never traded at any point later, the cost basis is just... wrong? For my entire portfolio, plus a few dollars/share here, minus a few dollars/share there, not really any reasoning for any of it, but definitely an overall much lower total cost basis than actually should have been there. + +If you haven’t left Robinhood yet, get out. This kind of technical incompetence isn’t just embarrassing, it’s scary. You don’t want to keep your money in a clown car. + +Edit: For those saying they never received cost basis, note that I only received mine more than a full month later and after I sold some shares - the transfers went through on 2/5-2/8 and I got a statement indicating cost basis was updated on 3/10 for shares which I'd sold (and cost basis information appeared on all other shares). Somehow the date in the cost basis is correct on Vanguard, but the amounts are wonky (roughly the date of the transfer, but the purchase date is correct for some, for others random values). For example, 4 shares of EA came through as 141.50, but my entire history with RH only has one purchase for 147.25 - https://imgur.com/a/GwvQRSH +I have three reasons for why I prefer to rent right now instead of actively looking for a house. + +1) My rent is dirt cheap. Between my brother (roommate) and I, we pay $500/month plus a few meager utilities. As I’m debt-free and frugal in most other areas, this $250/month is almost pocket change, and is obviously incomparable to what I’d pay on a mortgage. +2) The place I’m renting now is on a farm and has everything I’m looking for in a nesting place. Solitude, space for our dogs to exercise, a beautiful, private trophy bass lake to fish and swim, plenty of room to garden, etc. Landlord isn’t a control freak and lets me basically treat it as my own. Realistically, I wouldn’t be able to buy a place even half this nice at this point in my life, and why would I want to settle for a place I’d be less happy? +3) I don’t want to sound like I’m counting on a windfall, but my long-term girlfriend is an only child and her parents are our landlords. If we get married and stay together (which is the long-term plan) we’d realistically be living here anyway. I know life throws you the unexpected sometimes and this is not an excuse to not save for my own place “just-in-case” but it IS a solid relationship and would nullify any reason I’d personally want to own another house. + +These are my reasons. Most of my friends have bought “starter homes” at this point and think it’s dumb that I shouldn’t aspire to do the same. I feel as though the traditional “American dream” isn’t a mold that everybody should be pushed into, and that a different path in life might be okay in certain situations. What do you think? +Look, I don't want to open a can of worms here, but I'm seeing an increasing amount of people on here who are waging classism against other posters. + +Snide remarks like "you seriously can't afford an extra $100?" or something to that effect. + +I then start to wonder if some of the posters here aren't anywhere near poverty and just use this sub as a way to look down upon others either as a form of ego boosting or just pure hatred of the lower classes. + +I grew up poor, my dad grew up even more impoverished. He lived in a house without running water, and didn't even get electricity until he was a teen, this was only 1962! + +My point is that poverty, like anything else, is a spectrum. There are people on here who are either facing homeless or homeless, people who have a roof over their heads, but have to decide between paying the power bill and having a full stomach. People who can do both, but risk overdrawing their account shortly after they get paid. Or people who don't worry about overdrawing, but are always a few hundred bucks away from being overdrawn. + +Everyone on here is looking to better themselves. You truly cannot eliminate poverty, it has existed in pretty much every society, for thousands of years. + +No one here is looking to game the system, or freeload and not work a day in their life, we all want to just have a basic standard of living, and I don't blame anyone for wanting to. + +$100 can be a life changing amount to some people. To others, they can spend it without even thinking twice. But no matter where you sit financially, it's never good to judge the people financially below you, it's not good to judge at all really. + +If you don't have something positive to say in response to someone's post, just keep it to yourself, hit the back button and be a bigger person. +Before I start i know this will be downvoted to oblivion. I just want to post it here because i have nobody else to talk to. For the past few days I have been rage trading trying to recover from an almost 20k loss. I struggle with severe clinical depression due to a lot of other shit going on in my life which clouded my judgement. I was stuck in a losing position on gbp,i expected a heavy drop after the vote results. I saw an opportunity to make back the 20k and much more in a few minutes if the vote went my way and I added more to the losing trade, a horribly stupid fucking idea now that i think about it. It obviously did not drop. I was pushed into a loss even greater than I had before. While this wouldn't have been much of a problem as i had plenty of equity left(i trade(d) for a living), it shot up even harder and the gap skipped over my stoploss completely and margin called me. I saw my life drastically change in a matter of seconds. I have 3 dollars left in my account. i have no way of paying for rent, car insurance, car payments, phone, and a large amount of hospital bills  and any other possible expenses , all the time i spent building that account from the ground up, blood, sweat, sleepless nights, extreme stress, all gone in 20 seconds, along with it went my career and savings. I have to face the possibility that i may be evicted within 2 weeks and have most of everything i lease repossessed. Life was ok 2 hours ago. Now there's a good chance i will be homeless soon. I don't know why im posting this. i just want you guys to be careful. please don't do the stupid shit i did, please trade smart. please dont be greedy and take what you have for granted because it can be gone at any second .have a good day everyone and i wish you guys the best of luck on your trading journey. +I’m honestly still processing this, it doesn’t feel real? I come from a low socioeconomic family and when I was around 9 I befriended my elderly neighbour. She was lonely and had no family in Australia, and I wanted to escape my toxic home life. We ended up spending a lot of time together (which I was made fun of for by friends and family). +She developed dementia when I was 15. When it became dangerous for herself and others her affairs were taken over by a guardianship board due to having no family. I was only 16 so I didn’t really know what was happening or even have a say. In the end she was put into a pretty good nursing home and had her estate put under trust. +I continued to visit her even though it was confronting at times. She passed away this year and I was notified that I am the beneficiary to her estate and when I turn 25 it’s all mine (currently 22). I wasn’t really surprised since she had eluded to it a few times. +I wasn’t given any figures due to legal processes that take 3-6 months to consolidate the estate or something. But to be honest I didn’t mind because it gave me time to process things. +Well, today I got a letter in the mail that contained the assets of the estate. I was thinking maybe 100k but not getting my hopes up. I go straight to the bottom of the page and it says $501,256. My heart skipped a beat and I couldn’t breath for like 30 seconds. I had to quadruple take. +This is life changing. I can hardly believe it. I feel kind of delusional since this is just so crazy. Before anyone tells me, no I won’t be telling anyone. Thankfully I’m not naive when it comes to people. If any of my family members found out they’d expect 20k each. +First of all, I’d like some advice on how to prepare for this type of windfall. I’m pretty good with my finances. I have a great credit score if that even matters in Aus. I don’t have a very strong consumerist or materialistic mindset. I’d say I’m very frugal for my age group. In fact money isn’t really a motivator for me. Kind of ironic. +And second of all, if anyone has had a similar experience with inheritance in their mid twenties I’d really appreciate some wisdom or guidance. +I heard that only a small fraction (like 7%) actually goes to social programs like food stamps and whatnot, while over 50% goes to military. Is this true? +Inspired by [this post](https://www.reddit.com/r/thetagang/comments/n7ns5n/rthetagang_has_doubled_in_size_in_the_last_2/) to create a more concise and obvious one... + +# Any financial/investment sub with memes turns to shit, period. + +And JK by the way, you couldn't change my mind if you tried. For people investing 6-7 figures and/or who have been investing/trading for more than two years I think the consensus would be that you'd rather have strong discussion, great ideas, in-depth analysis, etc than a giggle from an over-used moderately humorous meme that gets recycled on every sub over and over with slight variants until it's literally beaten into the ground from redundancy. + +TLDR: If this post was too long for you to read so much so that you need this then **YOU'RE the problem.** +Please read though this and possibly sticky this because I think it is very important that we all have an understanding on the *game plan* 🚀 + +# Pre-liftoff Preparation + +https://preview.redd.it/pyg5a96r4sr61.jpg?width=1280&format=pjpg&auto=webp&s=97c4b8bfe4b63214cee3c8e5aaed8d5519d4db10 + +* **Brokers preparation** \- i think everyone should take the time to understand the nuances and rules that the broker applies on trading. Some brokers may have some sneaky fine prints. So you should make sure that nothing can get in the way of you and your tendies. Take note of the [brokers that previously blocked trading](https://www.reddit.com/r/stocks/comments/l8rhr3/weekend_gme_thread_homework_for_all_lets_stop/). If you have all your shares one of these brokers and can't transfer, don't sweat it too much. **DO NOT SELL YOUR SHARES.** The message was clear as crystal in January: if they prevent free trade like Robinhood did then that means they will lose customers, so i *hope* they have prepared for this. It also wouldn't hurt to email your brokers customer service and ask them "*will you prevent me from selling if the price goes to XXX amount?*". It's good to create a paper trail just incase you need to bring them to court. +* **Back up broker** \- If you can, open up an account as soon as possible on a reputable broker and buy at least 1 share. Don't aim to maximize gains but to minimize the regret of missing out just in case your broker decides to f\*ck you. The rule of thumb is usually that commission based boomer brokers with horrible user interfaces are the most trustworthy. See the "good brokers" in the link above. +* **Diversify Brokers -** if you can, spread out your holdings across brokers. Also take note of what clearing house they use. You don't want to be caught up in some f\*ckery where both brokers wont let you sell because they share the same clearing house. A solution to this could be to transfer shares. Some brokers allow you to transfer shares to others, but small "shit" brokers like eToro for example, do not. If thats the case then hold tight and buy on a different broker. + * Here is a [list of brokerages](https://investorjunkie.com/stock-brokers/broker-clearing-firms/) and the respective clearing houses they use. + * Here is a list of [brokers who placed restrictions](https://www.reddit.com/r/Superstonk/comments/mowzjk/the_broker_preparation_guide/) in a follow up post i made. +* **Cash account, not margin -** if you haven't already, request your broker to change your account from a margin account to a cash account. This way your shares are entirely your own and aren't being lent out to short sellers. Note that you need to have no options or short positions active with your account before you do this. +* **Online Security** \- If you have learned anything from all this it's that you should not trust anyone. Take the time to enable two-factor authentication on your bank/broker accounts. Also you should have a different password for each account, preferably more than 20 characters with a mixture of alphanumeric characters and symbols. + * *edit: If you are a big name in the GME movement, like a DD contributor or well known in this space, i suggest to use a VPN and delete all social media. Sorry if i sound like a tinfoil hatter but your should protect yourself just incase the suits try to come after your legally/physically. They will try anything to discredit you and try all sorts of defamation.* +* **Taxes** \- It is crucial that you learn about your countries [capital gains taxes](https://www.investopedia.com/terms/c/capital_gains_tax.asp). Remember to calculate what you need to set aside to pay the tax man. ELI5: `profit / 100 x CGT = Amount you need to pay in taxes`. However, different tax rates apply in different countries depending on how long you are holding the stock. To keep this general for all users i will say Just google "*what are the tax laws for stocks in <my country>?*" +* **Prepare a personal balance sheet** \- It may be a good idea to prepare a balance sheet. A balance sheet is a snapshot of net worth and lists all your assets, liabilities, cash etc. This will make your life (*and your accountants life*) easier when you need an accountant. If you need a better understanding of balance sheets see this [video here](https://www.youtube.com/watch?v=hhKO6MRvk_c) +* **Mental preparation** \- This one isn't so obvious, but please prepare yourself for seeing life changing money in your possession. Have a long think what you are going to do with this money. And as a side note: try to not tell too people you're invested, the less people know the easier your life will be. + +# + +# D-Day + +https://i.redd.it/j9c2jtes4sr61.gif + +* **Take care of your health** \- Firstly, on the day of lift off you will definitely feel overwhelmed with emotions and anxiety. You're probably going to feel a little dizzy seeing the price increase exponentially. Please sit down when you are checking the price. The last thing i want to hear is that a fellow ape fainted and cracked their head because of being overwhelmed with emotions. In my opinion, deep slow [diaphragmatic breathing](https://my.clevelandclinic.org/health/articles/9445-diaphragmatic-breathing) really helps to slow down your heart rate and reduce anxiety. +* **Expect Trading Halts** \- The NYSE may stop trading if the price rises to quickly. This is usually done to prevent massive impulse waves and let people calm down for a few minutes. But this is futile in the setting of a short squeeze, because all shorts must cover regardless. You can also check when GME is halted [here](https://www.nyse.com/trade-halt-current). Do not freak out if the graph flatlines. +* **BOTS, BOTS EVERYWHERE** \- This could go two ways: either the shorts don't have anymore money to pay shills or we will have a massive influx of bots/shills on here and r/GME trying to nudge people to sell. They will say something like "wow i sold my 3 shares for 30K" and try to create a narrative that below 100K is the peak. **100K is not the peak.** don't listen to it. If it isn't already, i would formally like to request the mods to ban gain porn from being posted here. +* **Reddit might be down** \- during the rally from $40 to $90 in February Reddit inexplicably went offline. This could be due to a DDOS attack or just too much traffic to the site. But this is just speculation. Either way, if Reddit does go down don't worry. We are all still here. I would suggest watching an ape live streamer on youtube to keep updated. + +&#x200B; + +# During the MOASS + +https://preview.redd.it/0jl90zju4sr61.png?width=1890&format=png&auto=webp&s=afdd5fc492e5bb2c17046ea80999f2f925919690 + +* **Diamond hands** \- This one i cannot stress enough, the mantra is clear: HOLD! If you sell early you creating downward pressure against the MOASS. If the short position is in the billions of shares (which has been speculated before) then this shouldn't be too much of a problem, but regardless - **KEEP THOSE HANDS DIAMOND!** The squeeze could last a few days, week or indefinitely. At this point no one knows. Don't feel pressure to sell as soon as it gets to 100K. + * [HFT computers](https://www.investopedia.com/terms/h/high-frequency-trading.asp) will keep bidding until someone makes a sell, to which ever price that person asks because they will be programmed to cover at any price during a margin call. The stock price = the last price it sold for. If the only sells available were asking for 1 million, then that means the price will be 1 million. And since there is not enough shares in existence to cover the amount of shorting that went on then theoretically this ape filled rocket could blast through the moon and land on alpha centauri B +* **Whats an exit strategy?** \- This one isn't so obvious because the we don't know what the peak will be, but you should have an exit strategy: All i can say on this matter is do not sell on the way up as it's a bad idea. u/WardenElite [explains here that you should](https://www.reddit.com/r/GME/comments/m073v6/exit_strategy_dd_a_comprehensive_guide_to/): + * sell on the way down + * don't sell everything at once + * scale out slowly. +* **Understand the different types of orders** \- Most likely you will need to use a [limit sell order](https://investor.vanguard.com/investing/online-trading/order-types). A Limit sell order is an order to sell at specified price or better. + * Some apes have noted that certain brokers have limits on the amount you can place an order for **online** (in terms of dollar value). Just to be safe make sure you have phone credit and the number for your broker ready to contact them to execute an order if this applies to you. +* **Sit down when you decide to take gains** \- when the dust has settled and you decide to take gains, again, sit down and drink some water and breath.. because you may faint or possibly get sick from seeing that you have sold a single share for a 7 figure price. +* **Don't publish your realised gains publicly** \- obvious one, don't be that person who flaunts the gains online. You are going to cause a lot of fairweather friends and family to crawl out of the woodwork trying to get their hands on you tendies. It may be tempting to rub it in the faces of the people who doubted you, but just don't. It's not worth it. +* **Inform your bank about large deposits incoming** \- this one may not apply to everyone\~\~, but make sure you bank is aware that you will be depositing a large sum of money into your account (most likely in multiple withdrawals) and explain why. This will prevent them from contacting the authorities in fears that you're up to illegal activities.\~\~ + * Congratulations, you just joined the big-boys table: I did some pro google investigating and found out you actually need a [special bank account for rich people](https://www.thebalance.com/top-accounts-used-by-millionaires-4165695). I never actually knew rich people had separate bank accounts to use. anyways, lookup how to do one of these when the time comes. + +# + +# Immediate Aftermath + +https://i.redd.it/p05865tv4sr61.gif + +* **Assemble a team of legal and financial advisers:** + * **Get an accountant** \- Get certified public accountant who helps wealthy families organize their finances and guide you through your finances. + * **Lawyer up** \- Hire a [tax attorney](https://www.moneycrashers.com/when-to-hire-a-tax-attorney/) to deal with any problems that may arise from all of this. Hire a family law or estate planning attorney that can arrange a Will for your family immediately. + * **Financial advisor** \- Make sure you hire a financial advisor that is sworn to act as a fiduciary (*acting in your best financial interests, not theirs*), preferably with experience managing significant wealth. Make sure you check their certifications and that they aren't trying to push you to buy some insurance policy. The requirements to be a FA aren't concrete so there are a lot of snake oil salesmen that really don't have your best interests at heart. + +&#x200B; + +>side note: do NOT sign anything, from your broker/bank/crayon dealer or anyone if you do not understand it. Make sure you have an attorney read anything you may or may not be asked to sign. +> +>\-------------------------------------------------------------- +> +>[Apart-Seesaw-6047](https://www.reddit.com/user/Apart-Seesaw-6047) \- "*Financial advisor here: I can’t emphasize enough to work with an advisor that is a FIDUCIARY! I’ve worked at both “fiduciary” and true fiduciary firms and they aren’t even comparable. One is just trying to make a commission (salesmen) while the other acts more as an educator. Most fiduciaries are in the form of a Registered Investment Advisor (RIA) working as a Series 65 certified financial advisor. DOMO Capital is an RIA l, for example. Avoid annuities at all costs unless your completely risk adverse (but you’re not since you own GME). Minimum advisor fees based on AUM should not be over 1% unless they can justify historical returns like DOMO. To put it in perspective my firm charges .65% for accounts over 1 million. Do not let an advisor, especially one that is a family or friend, take your hard earned (not really) gme gains away from you."* + +&#x200B; + +* **Expect to vilified some more** \- you will most likely see news about a financial system crashing. And i can nearly guarantee that they will try to blame us rather than the hedgies and regulators who caused it. Pay no mind to mainstream media and stand your ground. If people try to paint you as the "bad guy" just ignore them. +* **Do nothing with the money** \- this kind of piggy backs off the first point about assembling a team of advisors, but please don't just cash out and go crazy with the money. Sit and think about it for some time. Let reality settle in and decide how are you going to use this money to help yourself and the people around you. Lambos are great but they won't bring you happiness forever. Don't blow that money down the drain. Educate yourself on how wealthy people maintain their wealth. + +# Longer Term aftermath + +* **Expect turbulence in the economy** \- this wont be just contained to the world of GME. This is going to have a ripple affect across the world economy as the powers-that-be, who have been taking advantage of the system loops holes, finally pay their debt. If you want to learn more about this i suggest that you read [The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) by u/atobitt. +* **Hedge against hyper-inflation** \- if you haven't been paying attention, there are fears of hyperinflation of the US dollar. This is due to JPOW printing money like there is no tomorrow. Learn how to protect yourself from inflation so your tendies don't lose all their value. + * *Edit: people are asking me how do you protect yourself from hyper-inflation: this isn't financial advice, but what i would do is invest in precious metals, Treasury Inflation-Protected Securities (TIPS)*, *real estate and crypto stable coins or bitcoin, but no one knows exactly how crypto would react against inflation. I need to reiterate: i'm not an expert on this topic so don't listen to me.* + +&#x200B; + +[Taken during 2011 Occupy Wall Street marches \(At National City Bank\)](https://preview.redd.it/697hza3x4sr61.jpg?width=1908&format=pjpg&auto=webp&s=8937e8a8ad43b15a84e6ff96fddac57612e3f806) + +*If there is anything else you think should be in here let me know in the comments. This is just my opinion and not financial advice. I am just an ape who eats crayons for fun. Before I finish i will just leave you with this image (above \^). Remember what happened in 2008 and don't show any mercy. HOLD* + +\- Socrates ( ͡° ͜ʖ ͡°) + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +&#x200B; + +**TLDR: no tldr you lazy ape, go read it. Its important** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +⚠️ If you saw this in r/popular and are unaware of what is actually going on with GME, please see [this here](https://www.reddit.com/r/GME/comments/lj1wqv/a_comprehensive_compilation_of_all_due_diligence/) from r/GME. This didn't end in January. + +Also cannot stress this enough: if you are new to all this and don't fully understand, then don't buy in due to FOMO. Educate yourself on how hedge funds and market makers such as [Citadel](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/) make money from betting against US companies and the economy. This isn't a call-to-action for people to buy shares, do your own due diligence and make your own mind up. +I was essential until today. I'm a millennial. I was in fertility treatments because it took me until 35 to be close to getting there. Unexplained infertility. My health insurance ends in 7 days. That train has sailed now. I'm sad. I'm over it, I'm done. Both my husband and I have masters degrees. We have zero income now and a shitton of debt and will be applying for unemployment, food stamps, and ACA tomorrow. + +How do you work so hard, your whole ass off and it's over in what's a text from your boss "hey, do you have a quick second for a conversation?" + +I'm ready to give up. I didn't last time, but this time feels real. + +EDIT: Thank you so much for all of your kind words. I really appreciate it and absolutely appreciate the time that you all took to share your stories and offer your support. + +For those that asked- My master's is in Aviation and I worked as an operations manager and my husband's is in art and he worked as an exhibit designer for a museum which has closed due to the pandemic. I have a lot of training and professional development experience, so I'm looking to maybe pivot into something more like that. +I’m expecting to ruffle some feathers but sorry, ethical ETFs are shit and I’m going to explain why. I’ll TL;DR by saying, if you want to help the world, ethical ETFs are a waste of time that lure well-meaning investors and virtue-signalling performance activists into taking on greater risk and paying higher management fees while making zero difference to the world. + +Now, hear me out. If you genuinely think ethical ETFs will outperform the index over the long term then [this post isn’t for you](https://www.vanguardinvestments.dk/documents/case-for-active-management-ch-tlrv.pdf). That’s your prerogative, it’s your bet to take and I will have nothing to say about it. However, if you currently invest in ethical ETFs to “do good” or “help the planet” then I think you are making a mistake. + +Of course, I am clearly not advocating for *being* unethical. We should all be making choices in line with our values and aiming to leave the world a better place than what it is today. I am saying that if you *do want to make the world a better place*, ethical ETFs are not the way to do it. And please, read the whole post first before commenting. + +**Active management, diversification, performance and volatility** + +There are two main ways to pick companies for an ethical fund; *negative screening* and *positive screening*. Negative screening involves taking an index and removing the “baddies” and positive screening involves selecting the “goodies” based on certain criteria. Either way, the important thing to recognise is that whichever way you slice it, this is a form of active management and we know that over the long-term, [**up to 90% of actively managed investment funds fail to beat the market**](https://www.businessinsider.com/personal-finance/investment-pros-cant-beat-the-stock-market-2020-7). It doesn’t matter whether you are trying to pick top-performers or sustainable companies, there is an evaluation process taking place and that means there is the potential for significant underperformance. Do you really want to take on additional risks with your nest egg? Is that additional risk on your end **worth it** for some unquantifiable and perceived impact on the environment? + +The saying goes, [“diversification is the only free lunch”](https://www.passiveinvestingaustralia.com/stock-market-risk). By that, we mean that you and achieve the same or higher expected return for the minimum possible level of risk by diversifying across many companies instead of picking some favourites. We don’t know what the market is going to do ahead of time so we choose to invest in all of the companies and given that a [very tiny portion of companies is responsible for the majority of gains in an index](https://www.passiveinvestingaustralia.com/index-funds), missing out on the top performers will be a drag on your returns. In a single trade buying VAS, you can purchase the most valuable 300 publically traded companies in Australia; by *buying the ethical alternative FAIR, you will only hold 78 companies* (only 26% chance of picking the "winners"). What about international companies? Using VGS you can purchase 1505 companies in a single trade as opposed to *ETHI which holds 199 companies*. We don’t have a crystal ball but reducing the number of holdings in your portfolio will bring a significant chance of underperformance (idiosyncratic risk) and will certainly expose you to heightened risk and volatility. Do you really want to defy all the available evidence on the benefits of passive investing and introduce opportunities for reduced returns over the long term? + +Now I am fully aware that many people here would actually be happy with reduced returns and heightened volatility in the name of “saving the planet”; I will hopefully convert you in the next section. But like I said, if you’re investing purely because you think sustainable ETFs **will** outperform, then you are knowingly taking on that risk and it is your prerogative. I do worry for those investors who are not aware that they are doing so. + +**Makes little to no impact** + +I know, I know. Some of you aren’t actually investing for performance because you want to make this world a better place. But how much good do you think you are actually going to do? Quantify it. Try explaining to me how the dollars that you invest will actually go on to bring about some tangible positive outcome for the world. I’ll bet that most people here wouldn’t have a clue and that you have only invested in an ethical ETF because it “sounds good” and you’re just assuming that somehow you’re making a positive difference. + +Make no mistake, the stock price of a company is based on what people are willing to pay for that stock. *High demand and not many sellers?* Price goes up. *Lots of people willing to sell for a lower price but fewer buyers?* Price goes down. But as Jeff Bezos once said, “the stock is not the company and the company is not the stock”. In the dot com bubble burst, Amazon stock fell by over 90% yet the company survived because the price of the stock was only one measure of the overall health of a company. So then, let’s say you invest $10,000 into an ethical ETF with 100 holdings meaning (on average) you have invested $100 per “ethical” company; what “good” have you actually done? The assumption here is that by somehow investing in only ethical companies you will make those "ethical" companies stronger, but have you really? How have you made the world a better place? Have you really influenced the stock price? Have you influenced the bottom line of each company? In what way have you made the “ethical” companies more likely to succeed? Have you made the “unethical” companies worse-off and negatively impacted their stock price? Of course not. Nothing has changed. And even if you had an impact on the price of the stock *the underlying business remains unaffected*. + +You should face the fact that in the unlikely effect you actually did manage to change anything about the company, the total “good” achieved per dollar invested will be so incrementally small that you will have considerable opportunity cost from the good that your money *could have done* if you put it in direct use somewhere else; not to mention that you had to take on increased risk and volatility for the luxury of making no difference. Need a more tangible example of lost opportunity cost? Look no further than the exorbitant fees charged by these funds. + +**High management fees** + +In light of all these other arguments, you need to appreciate that you are being overcharged for the privilege to hold ethical and sustainable ETFs. I could invest broadly in the top 200 Australian companies through A200 for a cool MER of 0.07%. Or I could invest in the ethical alternative FAIR with an MER of 0.39%. You are paying 5.5x the number of fees in the pursuit of being ethical. Paradoxically, that is 5.5x the amount of money lining the pockets of the ETF provider. Not only are [low fees a predictor of superior long-term performance](https://personal.vanguard.com/pdf/ISGIDX.pdf), but you also have a considerable opportunity cost for what you *could* have done with the money; I will give you an example of this + +Let's pretend you have $50,000 invested in FAIR; you are **losing** **$160/year in additional management expenses**. Doesn't sound like *that much* in the grand scheme of things but if your aim is to do the most good you can, consider that you could have used that same money to donate to the Fred Hollows Foundation and paid for two cataract surgeries to cure reversible blindness. That’s per year. Cure two people of blindness per year for the length of your life or give that money to Betashares while they hold your cash in ineffective ethical ETFs; who is really doing more good? + +**Dirty money** + +“I only want to make money from companies that are aligned with my values”. I don't think much needs to be said on this point other than the fact that *somebody* is going to receiving the profits from "unethical" companies; if you’re such an ethical person, wouldn’t you rather it go to you? You could make sure it was spent a lot more wisely and ethically. For example, if you receive a $500 dividend from an "unethical" company, you could donate it to GAIN’s Salt Iodization Program and supply 2729 individuals with a lifetime of adequately iodised salt, helping protect against iodine deficiency disorders such as brain damage. Good thing that dirty money went to you! + +**Demanding change through spending** + +I previously argued that buying ethical ETFs would make no difference to the bottom line of any of these companies, so what does? *Choosing wisely where we spend our money.* You should be treating the cause of the issue (bottom line), not the symptom (stock ownership). Consider how consumer attitudes have shifted in the past decade. The pressure is already on to make companies adopt more ethical and sustainable practices. We want workers to be compensated fairly. And it’s working. *People are putting their money where their mouth is.* Companies that don’t rise to the challenge will be left behind. And then, surprise surprise, if a company fails to respond to consumer behaviour, their market capitalisation will drop and they will risk falling out of the wider index, becoming replaced by more ethical companies in your portfolio anyway. Drive your change through your consumer behaviour. + +**Performative activism** + +Most of all, I hate ethical ETFs because they reek of performative activism. I’m a left-winger myself but I fucking hate it when people try to jump on their SJW soapbox, virtue signal and delude themselves into thinking they are helping the world when they’re actually doing fuck all. Stop being lazy. People like ethical ETFs because they are **easy**. No, you do not deserve a pat on the back for making an ETF trade. You have changed nothing. We shouldn’t be setting the bar this low. You can do more. Raise your bloody standards. + +**What are you suggesting I do?** + +Don't be discouraged, there are plenty of tangible ways to do good things for this planet and the people on it. By no means is this an exhaustive list but I can assure you that any one of these would make a greater positive impact on the world than holding an ethical ETF over your entire lifetime. + +*Here are some tips:* + +* Donate blood. You can literally save three lives with a single donation. Unless you’re a CEO or a single mum/dad, you probably have the time in your day to do it. And it’s where I first started because it’s one of the only things you can do when you have no money. So do it. +* Volunteer some time. Do I really need to explain any further? +* Take a look at who you are voting for in elections. We live in a democracy but unfortunately, we are quite apolitical in Australia. Half the people I know aren’t even aware of what each political party stands for but are obsessed with environmental issues. If you buy ethical ETFs but do not vote for political parties that align with your values, you are instrumental in slowing the progress you claim to want to make. +* Donate at least 1% of your income to highly effective charities. In Australia, we have [The Life You Can Save](https://www.thelifeyoucansave.org.au/) which you can ask to split up your donations equally across twenty of the most highly effective charities in the world. I have started doing this recently. These charities have been vetted and closely evaluated to ensure your money is saving the most lives per dollar as possible. You should also check out Peter Singer's book of the same name uploaded as an audiobook/podcast [here](https://anchor.fm/s/31fdf7b0/podcast/rss). It's great. +* If you own a car that is working fine, do not sell or upgrade until it’s on its deathbed. Do you know how bad it is for the environment to produce new cars? Whenever you buy a new car, your friends will think you’re cool for approximately three minutes before they no longer give a fuck. +* Reduce your waste. For example, there’s no fucking reason to use disposable water bottles unless you buy them once and reuse them again and again. Or use keep cups when you go for a coffee. I’m pretty shit at putting this into practice myself but it’s fucking dumb and I’m going to hold myself to a higher standard. +* Install solar panels if you’re a homeowner. +* If you’re going to buy takeout, go for a family business. McDonald’s and KFC will be fine without your business, don’t worry. +* Go vegan. I’m not even vegetarian but I know how dumb it is that I still eat meat. Is this even up for discussion anymore? Just don't be annoying about it. + +**Yeah... that's fine but I still want to buy an ethical ETF** + +You can lead a horse to water but you can’t make it drink. If you must invest in an ethical fund and I haven't converted you, invest in VETH (MER 0.16% pa) instead of VAS (MER 0.10% pa) and VESG (MER 0.18% pa) instead of VGS (MER 0.18% pa). The fees are low and their screening criteria is more forgiving meaning that you will remain very well diversified. + +**Conclusion** + +Choosing to invest in ethical ETFs means taking on significant additional risk, reduced diversification, potentially compromised returns of your nest egg and paying excessively high management fees for the opportunity to call yourself an “ethical investor” without having made any meaningful impact on the world. Ethical investing is performance activism at best and an unnecessary and uncalculated risk to your finances at worst. People pretend that ethical ETFs are interchangeable with index funds but they are not. There are smarter ways to invest *and* help the world that will lead to greater positive benefits for this world without compromising your finances. Stick to passive index funds and make a tangible and direct impact on the world in other ways. +Hey folks. I start university in 6 months, and the subject I picked to study is economics (you guessed it) however I have never had a formal education in economics, I have only taught myself the subject through books and an a level textbook. I am extremely interested in the subject but have a very surface level knowledge of the subject because it would seem a lot of the concepts are intertwined. So I ask what is the quickest way to prepare myself for university in 6 months. The textbook I have used is Slomans “essential economics” if that helps and most of my understanding is in microeconomics. Any help is appreciated. +18 here really and I want to get rich and look after the parents. I have a little capital but no real idea what to start in to make some good money quickly. +*Disclaimer: I am not a financial advisor. This entire post represents my personal views and opinions, and should not be taken as financial advice (or advice of any kind whatsoever). I encourage you to do your own research, take anything I write with a grain of salt, and hold me accountable for any mistakes you may catch.* + +There are numerous posts on this sub and others diving into the technical guts behind some of the recent moves behind GME, so I will keep it high level for everyone scratching their heads wondering what's going on. + +There has been much talk on CNBC and in other financial media calling what's happening in GME a distortion of the market and an unjustifiable departure from the fundamentals. That is undeniably true. That being said, the distortion is not what's playing out now, but rather what happened about 1.5 years ago when short interest in GME first began to approach (and later exceed) 100% of the available float. + +Short selling is usually a tool that aids in price discovery, but like most market mechanisms, at the extremes things get more complicated. + +Short sellers, having borrowed shares, are guaranteed (indeed obligated) future buyers of the stock. They put themselves in that position on the thesis that there are reasons to expect the stock price to go down, such that when they buy the shares back they can return what they borrowed at a lower price and pocket the difference. As such, as short interest grows, there is a short term downard push on the price (the initial sale of the borrowed shares), but also future upside pull on the stock price as a natural result, kind of like gravity, but pulling the price upward. Normally that pressure is so slight and subtle that short interest in and of itself should not be a mover of the stock price. + +That being said, a common rule of thumb is that you should start to concern yourself with that pressure when short interest crosses the threshold of between 20% and 25% of the effective float (shares actually available to trade). At that level and above, the pressure starts to become noticeable, kind of like the moon causing currents and tides. + +GME short interest was recently **140%** of the float. In recent days, short interest has actually continued to accumulate (I'll explain why later). + +There is, in effect, a critical mass of short interest hanging over GME's price exerting not subtle pull, but face-ripping force like the gravity of a black hole. A short singularity, if you will. + +Previous short squeeze case studies such as VW or KBIO were all about someone engineering a way for effective float to evaporate, suddenly leaving what was previously a relatively reasonable aggregate short interest position in a world of hurt. This is the first time where we're seeing a situation play out where it wasn't someone engineering a shrinkage of effective float, but large market-moving players simply blowing up the short interest to the point where it simply overtook effective float by a large margin. Why would they do that? Because they expected GME to declare bankruptcy in the very near term so that returning borrowed shares costs $0, as the shares are worthless at that point. Also, an arguably intentional side-effect of this massive artificial sell-side pressure on the stock is that it becomes more difficult for GME to obtain any kind of financing to avoid bankruptcy, making it, in theory, a self-fulfilling prophecy. GME, however, did not go bankrupt for reasons that are well explained by other posters. + +In order to close their positions and limit their exposure (which remains theoretically infinite otherwise), short interest holders need to collectively buy back more shares than are available on the market, and especially since GME is no longer at risk of imminent bankruptcy, that buying action would push the price into a parabolic upward move, likely forcing brokers to liquidate short interest-holding accounts across the board on the way to buy shares at any price to cover their otherwise infinite liability exposure (and that forced covering will push the price further upward into a feedback loop--like crossing the event horizon of the black hole in our analogy). + +So what is happening now, and where do we go from here? + +Right now, short-side interests are desperately trying to drive the price down. There has been an across-the-board media blitz to try to scare investors away from GME. But there is really only one way to drive price down directly, and that is selling. In fact, given that most of the large holders of GME long positions are simply sitting on their shares, it means selling. even. more. shares. short. + +Even as price has been grinding upward, and liquidity has been evaporating, short sellers, who have lost billions mark-to-market currently (my guess is on the order of $10bn by the end of trading today), can only keep selling, piling on even more exposure and losses, staving off oblivion hour by hour, minute by minute. + +GME might also decide to issue more shares to recapitalize its business on the back of the elevated share price, but it is unlikely they could issue enough shares to change the overall trajectory of the stock at this point (especially not given their fiduciary responsibility to current stock holders). It might, however, run the clock out a little while longer. + +At this point it looks like there will either be some type of external market intervention by regulators (though I can't see any reason for them to step in myself), or we will soon see what happens when short positions representing \~$8bn in current mark-to-market liability goes parabolic. + +\*edited for grammar\* + +*edit* +Please keep discussion to helping everyone understand what’s happening, which is the point of this post, not giving advice or telling people to take actions! + +*edit* +Didn't realize people were still reading this. If you're interested, please see my subsequent post: https://www.reddit.com/r/investing/comments/l6xc8l/gamestop_big_picture_the_short_singularity_pt_2/ +I’m a 59 year old single nurse, who hopes to retire at 65. As of today, LIncoln Financial Group is reporting my 401a and 403b accounts are down 15.48% ytd (10.71% in first qtr). All money is in VTTVX (Vanguard Target Retirement 2025 Fund) for both plans. LIncoln Financial Group picked VTTVX, but I think I should switch investments to stop the hemorrhage. I spent years paying my exes debts off and caring for a disabled son, so I didn’t start putting into retirement until 7 yrs ago. I own my home and have $70,000 equity. I have $15,000 in savings, $13,000 in stocks and funds I manage (down 30% ytd, mostly because I pulled out a few when they peaked high and turned), $18,145 in my 401a and $57,419 in my 403b. + +Thoughts and/or suggestions? Please don’t be too harsh, I know it’s bad. +Am a single 42 yo with a young disabled child. I hit $2 Million networth just this last weekend and realized I didnt have anyone to share it with. By no means is this FIRE for me. But it was a significant milestone and it felt empty when I couldn't really celebrate with a bunch of people. I eventually told one friend but was even paranoid then this friend would tell other people. Am I being paranoid? Anyone else ever feel this way? +Several recent posts have discussed the value of college. Unfortunately, many of those discussions were mired down in the relative value of a degree in women's studies versus engineering. I thought it worthwhile to consider college in terms of investment for a population level data set. The data source for this analysis can be found here: +http://www.census.gov/hhes/www/income/histinc/p28.html + +From that data set, I extracted earnings information for full time, year round workers for those with a high school diploma (or equivalent) only and those with a bachelor's degree but no higher degree. Note that this is earnings, not income. The rationale for choosing earnings and the high school and bachelor's degree cohorts is that these choices best control for the earnings premium provided by a college degree. + +I then constructed a synthesis much like those used by the Bureau of Labor Statistics by listing age ranges for each cohort, and the earnings reported during that range and for that level of education. + +As expected, the sum of the lifetime earnings differed by about $1,000,000. However, when I discounted future earnings and factored in the cost of college, things became very interesting. I chose a discount rate of 6%, something typical of a mortgage, and a cost of college of $10,000 per year for five years. The net present value of college in this scenario is just over $147,000 for over an earnings lifetime: + +http://imgur.com/zfJLB.png + +I then changed the variables to 8.25% for the discount rate (the student loan cap) and increased the cost of college to $20,000 per year (not unreasonable considering that the cost of college has outpaced inflation for the last generation). In this scenario the NPV has fallen to $9,338.38 over a lifetime: + +http://imgur.com/wMP6j.png + +Increasing the cost of college or the discount rate even a little beyond this makes the NPV negative. + +Most disturbingly, the educational premium seems to be decreasing over time. The ratio of earnings of those with a degree to those with no college has fallen from almost two for the oldest working group to less than 1.5 for the youngest working group: + +http://imgur.com/JVngw.png + +If the synthesis were remade with a ratio as is typical for young people today, the NPV of college would be even lower. + +**EDIT**: Thanks to everyone for your comments and some wonderful discussion! As I've said in reply to some comments, I think of this as a first step in an important discussion. +Serious question. How come we aren’t addressing the problem when housing affordability is worse than it’s ever been before? + +Edit: thanks guys but keep your awards and put it towards your deposits. + +ITT there’s some concerning individuals getting a bit vile and defensive. Jeez. +Hello! I have found a new gem here are the details; + +PolkaEx ($PKEX)is a pioneering cross-chain liquidity integration platform powered by Polkadot. They are projected to be the top decentralized exchange (DEX) on Polkadot. PolkaEx provides higher transactions per second (TPS), lower transaction cost and smooth trading. They also are also a layer 2 scaling solution, have a token launchpad, farming, and a governance feature for the PKEX token. PolkaEx a one-stop Defi platform! + +PolkaEx is the first DEX and launchpad to go on parachains Astar Network Shiden Network! Shiden is the canary network of Astar and won a parachain slot on Kusama. Astar is a multi-chain platform for smart contracts on Polkadot. It is the dAPPS hub on Polkadot with multichain capabilities (e.g., BSC, Solana, etc.) and layer 2 solutions. It is perfect for DeFi and NFT dAPPS as it performs up to 1000 tps with minimal fees. We need Astar because it is a substrate framework and supplements the development of smart contracts on Polkadot. + +PolkaEx is the first DEX and launchpad on Astar and Shiden, and is projected to be the top DEX on Polkadot. + + +The IDO is announced for September 29th at 8:00 am UTC. + +The details are as follows: + +• IDO Date: September 29, 2021, 8:00 AM (UTC). +• Total allocation: $350,000. +• Token price: $0.35 per $PKEX token. +• Currency: USDC. +• Vesting: 50% at TGE, 50% after 2 weeks. +• Network: Ethereum Network. +• Platform: PolkaEx Launchpad. +Private Pool +• Private Pool allocation: $175,000. +• Allocation limit: $100 - $350. +• Time: 8:00 AM – 2:00PM UTC, lasts for 6 hours. + +Public Pool +• Public Pool allocation: $175,000. +• Allocation limit: $100 - $1050. +• Time: Opens at 4:00 PM UTC, lasts for 1 days. +• Mode: First come, first serve (FCFS). + + Here is the telegram: https://t.me/polkaexgroup +I know they didn't "go" anywhere, but I'm curious how there's not enough houses all of a sudden? Like, just a handful of years ago there wasn't a housing shortage, and I don't believe the population has grown by an unexpected amount. + +I've heard that it's single family homes being turned into rentals, but then wouldn't you expect there would be *pleanty* of rentals available right now? And there's a shortage of those too. + +I've also heard that companies (BLACKROCK?) buying houses and leaving them vacant, but when I drive through my neighborhood I don't see vacant houses by any meaningful amount. + +Is it the eviction/foreclosure moratoriums? Like people who would normally live with roommates have been living alone without paying rent/mortgage? + +I'm just wondering how we can go from having enough houses to not-enough houses in such a short time. Where did they go? +I’m expecting to ruffle some feathers but sorry, ethical ETFs are shit and I’m going to explain why. I’ll TL;DR by saying, if you want to help the world, ethical ETFs are a waste of time that lure well-meaning investors and virtue-signalling performance activists into taking on greater risk and paying higher management fees while making zero difference to the world. + +Now, hear me out. If you genuinely think ethical ETFs will outperform the index over the long term then [this post isn’t for you](https://www.vanguardinvestments.dk/documents/case-for-active-management-ch-tlrv.pdf). That’s your prerogative, it’s your bet to take and I will have nothing to say about it. However, if you currently invest in ethical ETFs to “do good” or “help the planet” then I think you are making a mistake. + +Of course, I am clearly not advocating for *being* unethical. We should all be making choices in line with our values and aiming to leave the world a better place than what it is today. I am saying that if you *do want to make the world a better place*, ethical ETFs are not the way to do it. And please, read the whole post first before commenting. + +**Active management, diversification, performance and volatility** + +There are two main ways to pick companies for an ethical fund; *negative screening* and *positive screening*. Negative screening involves taking an index and removing the “baddies” and positive screening involves selecting the “goodies” based on certain criteria. Either way, the important thing to recognise is that whichever way you slice it, this is a form of active management and we know that over the long-term, [**up to 90% of actively managed investment funds fail to beat the market**](https://www.businessinsider.com/personal-finance/investment-pros-cant-beat-the-stock-market-2020-7). It doesn’t matter whether you are trying to pick top-performers or sustainable companies, there is an evaluation process taking place and that means there is the potential for significant underperformance. Do you really want to take on additional risks with your nest egg? Is that additional risk on your end **worth it** for some unquantifiable and perceived impact on the environment? + +The saying goes, [“diversification is the only free lunch”](https://www.passiveinvestingaustralia.com/stock-market-risk). By that, we mean that you and achieve the same or higher expected return for the minimum possible level of risk by diversifying across many companies instead of picking some favourites. We don’t know what the market is going to do ahead of time so we choose to invest in all of the companies and given that a [very tiny portion of companies is responsible for the majority of gains in an index](https://www.passiveinvestingaustralia.com/index-funds), missing out on the top performers will be a drag on your returns. In a single trade buying VAS, you can purchase the most valuable 300 publically traded companies in Australia; by *buying the ethical alternative FAIR, you will only hold 78 companies* (only 26% chance of picking the "winners"). What about international companies? Using VGS you can purchase 1505 companies in a single trade as opposed to *ETHI which holds 199 companies*. We don’t have a crystal ball but reducing the number of holdings in your portfolio will bring a significant chance of underperformance (idiosyncratic risk) and will certainly expose you to heightened risk and volatility. Do you really want to defy all the available evidence on the benefits of passive investing and introduce opportunities for reduced returns over the long term? + +Now I am fully aware that many people here would actually be happy with reduced returns and heightened volatility in the name of “saving the planet”; I will hopefully convert you in the next section. But like I said, if you’re investing purely because you think sustainable ETFs **will** outperform, then you are knowingly taking on that risk and it is your prerogative. I do worry for those investors who are not aware that they are doing so. + +**Makes little to no impact** + +I know, I know. Some of you aren’t actually investing for performance because you want to make this world a better place. But how much good do you think you are actually going to do? Quantify it. Try explaining to me how the dollars that you invest will actually go on to bring about some tangible positive outcome for the world. I’ll bet that most people here wouldn’t have a clue and that you have only invested in an ethical ETF because it “sounds good” and you’re just assuming that somehow you’re making a positive difference. + +Make no mistake, the stock price of a company is based on what people are willing to pay for that stock. *High demand and not many sellers?* Price goes up. *Lots of people willing to sell for a lower price but fewer buyers?* Price goes down. But as Jeff Bezos once said, “the stock is not the company and the company is not the stock”. In the dot com bubble burst, Amazon stock fell by over 90% yet the company survived because the price of the stock was only one measure of the overall health of a company. So then, let’s say you invest $10,000 into an ethical ETF with 100 holdings meaning (on average) you have invested $100 per “ethical” company; what “good” have you actually done? The assumption here is that by somehow investing in only ethical companies you will make those "ethical" companies stronger, but have you really? How have you made the world a better place? Have you really influenced the stock price? Have you influenced the bottom line of each company? In what way have you made the “ethical” companies more likely to succeed? Have you made the “unethical” companies worse-off and negatively impacted their stock price? Of course not. Nothing has changed. And even if you had an impact on the price of the stock *the underlying business remains unaffected*. + +You should face the fact that in the unlikely effect you actually did manage to change anything about the company, the total “good” achieved per dollar invested will be so incrementally small that you will have considerable opportunity cost from the good that your money *could have done* if you put it in direct use somewhere else; not to mention that you had to take on increased risk and volatility for the luxury of making no difference. Need a more tangible example of lost opportunity cost? Look no further than the exorbitant fees charged by these funds. + +**High management fees** + +In light of all these other arguments, you need to appreciate that you are being overcharged for the privilege to hold ethical and sustainable ETFs. I could invest broadly in the top 200 Australian companies through A200 for a cool MER of 0.07%. Or I could invest in the ethical alternative FAIR with an MER of 0.39%. You are paying 5.5x the number of fees in the pursuit of being ethical. Paradoxically, that is 5.5x the amount of money lining the pockets of the ETF provider. Not only are [low fees a predictor of superior long-term performance](https://personal.vanguard.com/pdf/ISGIDX.pdf), but you also have a considerable opportunity cost for what you *could* have done with the money; I will give you an example of this + +Let's pretend you have $50,000 invested in FAIR; you are **losing** **$160/year in additional management expenses**. Doesn't sound like *that much* in the grand scheme of things but if your aim is to do the most good you can, consider that you could have used that same money to donate to the Fred Hollows Foundation and paid for two cataract surgeries to cure reversible blindness. That’s per year. Cure two people of blindness per year for the length of your life or give that money to Betashares while they hold your cash in ineffective ethical ETFs; who is really doing more good? + +**Dirty money** + +“I only want to make money from companies that are aligned with my values”. I don't think much needs to be said on this point other than the fact that *somebody* is going to receiving the profits from "unethical" companies; if you’re such an ethical person, wouldn’t you rather it go to you? You could make sure it was spent a lot more wisely and ethically. For example, if you receive a $500 dividend from an "unethical" company, you could donate it to GAIN’s Salt Iodization Program and supply 2729 individuals with a lifetime of adequately iodised salt, helping protect against iodine deficiency disorders such as brain damage. Good thing that dirty money went to you! + +**Demanding change through spending** + +I previously argued that buying ethical ETFs would make no difference to the bottom line of any of these companies, so what does? *Choosing wisely where we spend our money.* You should be treating the cause of the issue (bottom line), not the symptom (stock ownership). Consider how consumer attitudes have shifted in the past decade. The pressure is already on to make companies adopt more ethical and sustainable practices. We want workers to be compensated fairly. And it’s working. *People are putting their money where their mouth is.* Companies that don’t rise to the challenge will be left behind. And then, surprise surprise, if a company fails to respond to consumer behaviour, their market capitalisation will drop and they will risk falling out of the wider index, becoming replaced by more ethical companies in your portfolio anyway. Drive your change through your consumer behaviour. + +**Performative activism** + +Most of all, I hate ethical ETFs because they reek of performative activism. I’m a left-winger myself but I fucking hate it when people try to jump on their SJW soapbox, virtue signal and delude themselves into thinking they are helping the world when they’re actually doing fuck all. Stop being lazy. People like ethical ETFs because they are **easy**. No, you do not deserve a pat on the back for making an ETF trade. You have changed nothing. We shouldn’t be setting the bar this low. You can do more. Raise your bloody standards. + +**What are you suggesting I do?** + +Don't be discouraged, there are plenty of tangible ways to do good things for this planet and the people on it. By no means is this an exhaustive list but I can assure you that any one of these would make a greater positive impact on the world than holding an ethical ETF over your entire lifetime. + +*Here are some tips:* + +* Donate blood. You can literally save three lives with a single donation. Unless you’re a CEO or a single mum/dad, you probably have the time in your day to do it. And it’s where I first started because it’s one of the only things you can do when you have no money. So do it. +* Volunteer some time. Do I really need to explain any further? +* Take a look at who you are voting for in elections. We live in a democracy but unfortunately, we are quite apolitical in Australia. Half the people I know aren’t even aware of what each political party stands for but are obsessed with environmental issues. If you buy ethical ETFs but do not vote for political parties that align with your values, you are instrumental in slowing the progress you claim to want to make. +* Donate at least 1% of your income to highly effective charities. In Australia, we have [The Life You Can Save](https://www.thelifeyoucansave.org.au/) which you can ask to split up your donations equally across twenty of the most highly effective charities in the world. I have started doing this recently. These charities have been vetted and closely evaluated to ensure your money is saving the most lives per dollar as possible. You should also check out Peter Singer's book of the same name uploaded as an audiobook/podcast [here](https://anchor.fm/s/31fdf7b0/podcast/rss). It's great. +* If you own a car that is working fine, do not sell or upgrade until it’s on its deathbed. Do you know how bad it is for the environment to produce new cars? Whenever you buy a new car, your friends will think you’re cool for approximately three minutes before they no longer give a fuck. +* Reduce your waste. For example, there’s no fucking reason to use disposable water bottles unless you buy them once and reuse them again and again. Or use keep cups when you go for a coffee. I’m pretty shit at putting this into practice myself but it’s fucking dumb and I’m going to hold myself to a higher standard. +* Install solar panels if you’re a homeowner. +* If you’re going to buy takeout, go for a family business. McDonald’s and KFC will be fine without your business, don’t worry. +* Go vegan. I’m not even vegetarian but I know how dumb it is that I still eat meat. Is this even up for discussion anymore? Just don't be annoying about it. + +**Yeah... that's fine but I still want to buy an ethical ETF** + +You can lead a horse to water but you can’t make it drink. If you must invest in an ethical fund and I haven't converted you, invest in VETH (MER 0.16% pa) instead of VAS (MER 0.10% pa) and VESG (MER 0.18% pa) instead of VGS (MER 0.18% pa). The fees are low and their screening criteria is more forgiving meaning that you will remain very well diversified. + +**Conclusion** + +Choosing to invest in ethical ETFs means taking on significant additional risk, reduced diversification, potentially compromised returns of your nest egg and paying excessively high management fees for the opportunity to call yourself an “ethical investor” without having made any meaningful impact on the world. Ethical investing is performance activism at best and an unnecessary and uncalculated risk to your finances at worst. People pretend that ethical ETFs are interchangeable with index funds but they are not. There are smarter ways to invest *and* help the world that will lead to greater positive benefits for this world without compromising your finances. Stick to passive index funds and make a tangible and direct impact on the world in other ways. +I’m just happy with my dividends coming in tomorrow ✅ + +Coming in tomorrow: + +PG +SPHD +SPY +PCEF +RC + +Total per year: 332.73 +Total portfolio: 6500 + +Less then a year personally managing investing. Greatest joy is learning all of the different opportunities to invest in. I’m slow and steady in my life so dividend investing seemed appropriate. + +I have a much larger retirement account that is in aggressive allocation. +It's both exciting and sad to see what's happening to WSB. I do welcome the new blood, but echoing the sentiment behind the post by /u/dillonsyp, some self-preservation may work well for the time being. Any old-school /r/wallstreetbets and /r/options users will know thetagang already, so no need to get further flooded. Thoughts? +Victory is near but declaring "they lost" now will confuse people if/when more aggressive tactics are used. And then what does confusuon cause? FUD. So stop. + +We all have to understand and **maintain the awareness** that while the DD is solid, the numbers are solid, several theories are all rock solid - that money does not equal resources. + +And individuals like Kenny, after many years in the game, have positioned themselves comfortably through favours and business deals to form many unseen allies to assist him in keeping his sinking ship afloat. So do not celebrate early. For all we know, Citadel could shut down tomorrow and the stock could still be attacked by other people who have aligned themselves with Kenny and his cronies. We don't know. + +But what we do know, is we're in a very good spot. Just don't celebrate early. That mistake will be seen and as such will be taken advantage of. + +Just stay the course 🦍's. +[https://www.insider.com/italy-town-maenza-selling-one-euro-houses-near-rome-2021-8](https://www.insider.com/italy-town-maenza-selling-one-euro-houses-near-rome-2021-8) +Are philosophers the worst people to talk about economic systems with ? Someone linked me to this place saying "go to r/Askeconomics and find out why philosophers are the worst people to hear talking about economists" +I consider my friend group to be pretty progressive and relatively empathetic, so I thought that I would share this with them. I've kept the details of my childhood and young adulthood pretty close to the chest, so they're unaware of my past struggles. + +This sort of information strikes a chord with me because as a child, my family faced several evictions and repossessions. I'm sure many on the forum are familiar with such events, they're no fun. However, much to my horror, my friends didn't care at all. They didn't even react. It makes me feel as if I'll have to continue to hide large parts of myself from them because they just don't have a place of sympathy for poor people and those who are habitually underpaid. I really don't have any additional words to describe it, but I was just really disappointed. + +[https://www.cnbc.com/2021/07/14/full-time-minimum-wage-workers-cant-afford-rent-anywhere-in-the-us.html](https://www.cnbc.com/2021/07/14/full-time-minimum-wage-workers-cant-afford-rent-anywhere-in-the-us.html) +Just wondering how many people are still doing the grind after making enough to retire (or close to it). I figured it would be really low, but after talking to a couple I found that wasn't necessarily true. + +For those of you that aren't crypto-millionaires, how much money would you have to have to consider quitting your day job? +I'M PAYING OFF MY MORTGAGE TODAY! + +I sold a nice chunk of my ICO ETH yesterday at $330 and now that the transfer is complete I'm sending it on to the mortgage company! + +I know that ETH has a long way to grow still. I know that the measly ROI I'll get by not having my mortgage doesn't make mathematical sense. I know that I could probably do better than my interest rate investing in plain old mutual funds. I know that I still have to pay insurance and property tax. I know that I will no longer have the interest deduction on my taxes. I know that ETH will probably shoot to the moon just as soon as the ACH to the mortgage company clears. + +**BUT** what I can't put a price on is the feeling of walking barefoot through my yard and knowing that every blade of grass, every ant hill and mole mound, every dead mouse in the walls, every shingle on the roof, and every single splinter of wood on the property are mine. + +It was very hard to let go of my precious ETH but you know what? The security and stability that this brings to my life is worth every penny of my $159 cost basis. Tonight when I get home from work I will turn my key in the lock of a 100% paid-off property. I think that it's fitting that I was able to do this during the "Homestead" release. + +----- + +**EDIT**: + +Wow, this blew up. More updoots than the daily?! I'm totally blown away by the reaction to this post. Thank you all for your kindness and encouragement - I honestly didn't expect it in quite the quantity that you're sending my way. My parents raised me well and I'm trying hard to respond to each of you and thank you for your kindness but I might miss some. If I do, I apologize. + +Some common questions have come up: + +**"How'd you get USD out?"** I used about a dozen transactions staggered over several days from my Ledger Nano S -> GDAX / Gemini -> Bank Account -> Mortgage company. It was all done via ACH and wires. + +**"Taxes?"** I kept track of each sale to USD, calculated my cost basis, and reserved back an additional ~20% on top of my payoff amount. I pay quarterly federal taxes and will send them a giant whack of cash (on a credit card so I get the Chase points!) in September. It's best to pay the capital gains in the same quarter in which you realized them. + +**"So that's it? You're out?"** No. I still have some ETH left that I'm hodling at least until POS. I believe in the technology. + +**"Lambo?"** No. Our neighborhood has speed bumps... Maybe an Aston when we moon. ;) + +**"Property taxes etc."** Yep. Cost of living in the USA... I like my roads, fire trucks, clean water, city parks, trash service, recycling service, and walking trails. :) +Why splitting up your money on different tokens while Compact offers you the chance to get all the aspects of DeFi in one token? That’s what Compact stands for. + +A revolution comes up with this new token. The liquidity providing mechanism ensures always to strengthen its liquidity pool that is locked for one year. The idea is to get everyone into a winning position. With the sharing feature it rewards you as a holder every time there’s a transaction. For each aspect there is a special wallet. One is for the marketing so it never runs out of funds to promote this great token. Another wallet is for the charity aspect. They want to support charity projects all around the world. + +Their main focus is on children’s hospices. We already got attention by the IAHPC which is a non-profit organization dedicated to advancing and developing hospice and palliative care worldwide. + +Tokenomics: + +Original supply: 100,00,000,000 + +Presale: 50,000,000,000 + +Dev wallet: 8,000,000,000 + +Total tax on each swap: 12% + +Distribution: 3% + +Liquidity Pool: 3% + +Marketing: 2% + +Charity: 2% + +Events: 2% + +Lastly there is a special feature exclusively for the hodlers ! the event wallet. This wallet is providing funds for airdrops, community events, games, a lottery and much more. + +Be part of a great project and community and join $CPAC! + +Links⬇️ + +Website: https://www.compactcrypto.com + +Telegram: https://t.me/compactcrypto + +Twitter: https://twitter.com/CompactCrypto +Economics is probably the most politically-influenced science there is. "How should we run the economy" is a fundamentally political question, and I can't think of any other scientific field who has thinkers labeled as "right-wing" and "left-wing". + + +Each side has explanations that... honestly, sound reasonable to me as a layman. But they can't both be right, and I wouldn't be surprised if *neither* is right. But how can I seek out verifiable economic truths among political fog? +Please note: title is tongue-in-cheek. This is basically just an oft-overlooked path. + +1. Become a podiatrist. All you need is a 3.2 GPA and sub-500 MCAT (vastly lower than med school admissions standards) +2. Get a low-paying job as a private practice associate ($100-200k). Sure, you could make $200-350k as a hospital-employed podiatrist but you want actual money, not a 8-5 gig for a hospital system. +3. After you've learned the ropes, start your own practice in an area with low density of podiatrists. Even a mediocre podiatrist will statistically earn an average of $300k+ as a solo practitioner (e.g. $100/pt visit \* 25 pt/day \* 5 days/week \* 50 weeks/yr \* 50% overhead = $312k). This is all in a 35-45 hr/week schedule. +4. Hire an associate podiatrist. A busy associate will produce $700k and you will probably pay them $200k if you're a higher-paying practice. After overhead, you will earn $150k/yr from them. + +Now, if you stay full time, you will earn $450k/yr in a LCOL area working 40 hrs a week, without being a genius or particularly lucky. + +If you want a nice lifestyle, scale back to 2 days a week and still earn $275k/yr. +A lot of people on various different subreddits claim that Economics students (bachelor's) are generally in support of free markets. Moreover many left wing people are really skeptical of the study of economics. + +And I've also seen many right wing people cite economics against left wing and democrats in terms of scarcity being an argument against Welfare . + +And this is honestly really confusing . And it seems to me like a lot of people in politics really don't know what economics is . And I'd really like this to be cleared + + +TL;DR + +So where do economists lean politically ? +There's a few discrepancies in my last Credit card statement. First, there's a 30k payment towards paytm insurance(which I haven't made). Second, I availed 2 EMIs whereas the statement shows 3EMIs. + +I raised both discrepancies with ICICI customer care via all possible methods except visiting my home branch as I don't live there anymore but I just get a blunt email that I have only 2 EMIs active(they still ask me to pay the bill with 3 EMIs) and no word on the fraudulent entry of 30k to paytm. Last date of payment was 30th March which now I have defaulted technically but still no help from their side. They haven't even issued a ticket to my complaints till now(been raising queries since 5th March). What's my recourse? + +Edit: Would like clarify the payment made is not on my paytm. + +Edit: Thanks for all your help. I raised a complaint on Ombudsman and paid minimum due as suggested by you all. + +Edit: I have already mentioned but still, I have contacted them on twitter, phone, email, website already. +Totally bizarre situation. + +My friend (and boss!) has held £2000 premium bonds for years - and with the new rates, decided to invest some more. + +He tries to add more, and they tell him he can't add more as he's maxed out at £50K! + +He hasn't won a big prize. Exactly £5000 has been placed in his account each month - starting about 24 months ago .. right until it hit £50K + +To cut a very long story short: He phoned them up to say they'd been a mistake SO MANY TIMES that they asked him to please stop or it could be considered harrassment - and that they are under no obligation to say where the money has come from and in fact won't as it's come from a private account. + +After deliberating his options he took out £40K and put it into an instant access account - and waited for someone to contact him basically screaming 'We made a mistake, where's my bloody money'!! + +Sure as mustard .. his premium accounts has immediately gone back to going up exactly £5000 a month - it looks like it's just gonna top-out again!!! no phone call. No contact. Nada. + + +So he's got £40K not doing anything good as he's kept it in instant access .. and another approaching £50K of premium bonds. National savings don't want to know. + +The question - as you've probably predicted .. is what would you do? With the premium bonds? And with the £40 you've got sitting in instant-access right now? + +EDIT: His family all swear they know nothing about this +Any words of experience from those that had a large NW loss over the course of their financial journey? + +Started a brick and mortar business with some partners on the side a year ago - business is doing poorly (not profitable). We have $2mm of SBA loans that are PG’d. + +At this point I’m trying to convince my partners to just shut it down. All in between the parties, we’d each lose $1mm more or less when all is said and done. + +I am early going towards mid-30s married. $1mm loss will effectively wipe out all my liquid NW (there’s about $1mm more on home equity, retirement accounts, and private equity investments). My wife and I both work full time in highly compensated finance / consulting roles (W2 > $1mm a year and will increase as we are relatively early in our careers). + +The biggest toll this has taken is the mental anguish. I’m now on antidepressants and struggle to get out of bed. Feels like I screwed the pooch here. Hard to get over this mentally though I know financially we will ultimately be okay. Been relying on stoicism, medication, meditation and a lot of philosophy videos to get through it. + +Anyone have any advice on dealing with the emotional aspect of taking a large L? Greatly appreciated. +A lot of charts I see of EUR/USD go back to 1979 even though (I thought) the Euro didn't become a currency until 1999. What's the reason for this? Did the Euro supersede another currency? And how was the Euro's initial value determined? Or did it just adopt the value of the currency it superseded? +Hi Dear Investors, In the book by Robert Gastrom - Warren Buffett Way, it says: For every dollar retained, make sure the company has created at least one dollar of market value, + +what does that mean? Can anyone give me an example? +I would estimate that I made somewhere in the ballpark of $35000 last year from this job and my W-2 states that I made around $8000. Sometime in 2019 around May I stopped getting direct deposit and started getting hand written checks. This did set off some red flags but I was assured by my boss that everything was on the up and up. Now I see it was not. The issue of my boss pocketing the tax money aside what steps should I take to make sure that I am not going to get into trouble with the IRS? Can I be held liable for something like this? +We have a lot of posts about splurges and a lot of posts about what we refuse to spend money on even though we can afford it. We have a bunch of posts on the extent rich people flaunt their money too. What I want to know is sort of a combination of these: what do you do that seems rich and flaunty but that in reality you havent spend much money on at all. + +I'll start. Im a woman and my circle of friends is somewhat status conscious. Im still not willing to spend on diamonds. 90% of my diamonds are cubic zirconia. I could afford real versions of everything I wear, but why spend the money? My husband and I go out to eat at high end restaurants too - but the majority of that is nearly free through promotions, bartering, etc. Same with vacations. I'm starting to realize that my love of frugality doesnt stop for "flashy" items. Is anyone else like this? +I’m a 26. A teacher. Single, living on my Own. However, I feel as if I’m barely making it. I rarely ever shop for myself. I’m in desperate need of new clothes. The only splurge I have is me going out to eat. I look at all the other 20 somethings around me and they seem to be thriving and making a successful living. Me? I feel like I’m drowning in debt and it shows. +Doesn't cronyism fuel an economic oligarchy, which leads to difficulty for new businesses to enter and thrive in the market, bringing down economic freedom or am I missing some key-understanding? +Ok let's go through this one real quick. + +[https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-announces-market-equity-offering-program](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-announces-market-equity-offering-program) + +# GameStop Announces At-The-Market Equity Offering Program + +# Company Can Sell Up to 3.5 Million Shares and Intends to Use Any Proceeds to Further Accelerate Transformation and Strengthen Balance Sheet + +GRAPEVINE, Texas, April 05, 2021 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it has filed a **prospectus supplement** with the U.S. Securities and Exchange Commission (“SEC”), under which it may offer and sell up to a **maximum of 3,500,000** shares of its common stock (the “Common Stock”) **from time to time** through an “at-the-market” equity offering program (the “ATM Offering”). The Company intends to use the net proceeds from any sales of its Common Stock under the ATM Offering to further accelerate its transformation as well as for general corporate purposes and further strengthening its balance sheet. The timing and amount of any sales will be determined by a variety of factors considered by the Company. + + +Common Stock will be offered through Jefferies LLC (“Jefferies”), which is serving as the sales agent. Jefferies may sell Common Stock by any lawful method deemed to be an “at-the-market offering” defined by Rule 415(a)(4) of the Securities Act of 1933, as amended, including without limitation, sales on any existing trading market. Sales may be made at market prices prevailing at the time of a sale or at prices related to prevailing market prices. As a result, sales prices may vary. + +GameStop’s prospectus supplement filed today supplements information contained in the accompanying prospectus contained in the shelf registration statement on Form S-3 (File No. 333-251197) for the offering of Common Stock. Potential investors should review the prospectus, the prospectus supplement and all other related documents that GameStop has filed with the SEC for complete corporate information, including information pertaining to the ATM Offering and the risks associated with investing in the Company. Investors can obtain copies of the prospectus supplement and the accompanying prospectus by visiting the SEC’s website at [www.sec.gov](https://www.globenewswire.com/Tracker?data=hrN9RWoZYOPc9XlqHTGnAgxdpTcTBGVifa0hxjWRvh1nVLON3CnPxrMXs4vnlDdtLh3Tm9eZZSlaZAWKWgy7cg==). Alternatively, potential investors may contact Jefferies, who will arrange to provide them these documents, at: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022; by phone at (877) 821-7388; or by e-mail at [Prospectus\_Department@Jefferies.com](https://www.globenewswire.com/Tracker?data=r3BNIVHgyMQvoiFMy8n-lFIh0dGE33FE_VJjMe-TWe7NYjQvVRLM2dU5VMDLH1ESImtCwCjuoaYsrS5g540jf2PPxg3EG3KFGCrPJRIVUT3sC2b9Pi7gLSEZcuC1eJIhVNY7eSNmU8-xQ389vsGk1A==). + +**Please note that this press release is for informational purposes only and it does not represent an offer to sell or the solicitation of an offer to buy any of the Company’s Common Stock. In no event will the Company sell more than 3,500,000 shares of Common Stock under the ATM Offering, and aggregate gross proceeds will not exceed $1,000,000,000. There will be no sale of Common Stock in any jurisdiction in which one would be unlawful.** + +**About GameStop** + + +GameStop, a Fortune 500 company headquartered in Grapevine, Texas, is a leading specialty retailer offering games and entertainment products through its e-commerce properties and thousands of stores. + +**Cautionary Statement Regarding Forward-Looking Statements – Safe Harbor** + +This press release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally, including statements about the ATM Offering and the use of proceeds therefrom, include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the SEC including, but not limited to, the Company’s Annual Report on Form 10-K for the fiscal year ended January 30, 2021, filed with the SEC on March 23, 2021.  All filings are available at [www.sec.gov](https://www.globenewswire.com/Tracker?data=hrN9RWoZYOPc9XlqHTGnAqI3j0agH9Pnb4jnvOtoOElFBVqncrzR9Cahgj4c4AVBo2CWkVNxO6--jOUEbt7DGQ==) and on the Company’s website at [www.GameStop.com](https://www.globenewswire.com/Tracker?data=bL_q78lV1bNsPDppeDXptITyMNymMDG89dPX08bX-NbnryALht59SqDgP8hL4d_EspFpXY0FMGPnp_Zelx4eqg==). + +&#x200B; + +&#x200B; + +So ELIA (Explaint like I'm Ape): + +GME is not offering currently 3.5 million stocks in one single go. They are reserving the right to do so over time, or to gain $1,000,000,000 maximum. + +So look at it like this, everyone is going to make money from the squeeze, this way they reserve the right to do so as well, this isn't them sandbagging us, they are just saying if we need money we can offer some shares (not make more) to raise some money if need be. + +This is not something they will be doing overnight or in the next week, but it's a prospect for the future. +What I'm reading is that we need to bail out companies in order to maintain jobs. Wouldn't it be far more efficient just to pay a UBI-type thing? (Note: I'm not advocating UBI *per se*, rather as a stop-gap in the current crisis.) + +Arguments/my reasoning: + +* If businesses are failing because no one is using them (e.g. air travel), then they are going to continue to need bailouts. Thinking bailouts are a one-time thing vs. ongoing UBI-type payments is unrealistic. + +* We've already seen companies using the cash to buy back stock. OK, we can put in legislation to stop that, but paying people would be far more efficient. + +* Giving working people money maintains money flow - working people buy necessities, rather than investments. + +* Medium/long-term, we would realise either a) we don't need this/that industry or b) this industry needs to be more efficient. It would provide a huge opportunity for innovation and entrepreneurship as people try to fill the vacuum left by collapsed companies. + +I am a complete econ-novice and my reasoning is probably super-naive, so I'm def here to learn! +Seeing that the Fed is lowering their fund rates, similar to the previous crashes, could this pose a threat of another crisis? It seems like there was a quick expansionary phase in terms of unemployment before the COVID issue, as well as stock prices inflating far beyond their real worth like in the dot-com bubble. + +I’m trying to familiarize myself more with how the FED had dealt with US’s financial crashes so far, and a gut feeling is telling me something similar may happen again soon. + +I don’t know much on this topic and really just want to learn, so please take it easy on me if I made a mistake in what I said :) +I just started dividend investing and I'm 14. I want to focus more on dividend growth more than the yield and I am wondering which companies have a good steady dividend growth rate. Thanks +Fellow shareholders, + +My shit is kinda blowing up, huh? Weird. + +1. [I am 100% DRSed](https://imgur.com/Jtm0gGE) — if you are not, sucks to be you because your shit is getting used and abused by the fuckfaces on the opposite site of this trade. + +2. I believe in DRSing every stock I own, not just GME. I'll be posting my direct-registered positions of every stock I own to the appropriate subreddits once the process finalizes. + +3. Two tremendously helpful apes have helped me on this path: + +u/fed_smoker69420 + +u/infinityis + +You two are fucking badasses and we will drink together. You know, if you want to. + +4. The effort I am currently engaged in may come to nothing for the following reasons (maybe others too) — + +a) I may find that whatever's contained in the stockholder ledger isn't exciting + +b) my case may be ill-targeted or ill-executed + +c) I may be compelled or otherwise persuaded to go silent + +I don't anticipate lying to this community or giving up my account to somebody who would lie, but there are things a dollar can do, and other things a lot of dollars can do, and still other things hired goons can do. So what I'm trying to say is what I've always said — DONT TURST ME + +It may be necessary or beneficial for other apes to carry this torch. As such I've provided all my documentation as a service to those coming after. + +[Delaware Code Title 8 Section 220](https://codes.findlaw.com/de/title-8-corporations/de-code-sect-8-220.html) + +[Court of Chancery Contact Info](https://courts.delaware.gov/chancery/) + +[Register in Chancery's Best Practices for Filing](https://courts.delaware.gov/help/proceedings/chancery.aspx) + +WHAT GOES TO GAMESTOP + +*A printout of your position, plus:* + +[Demand for Inspection](https://imgur.com/O8Im6jL) — This document must be notarized. + +[Demand for Inspection page 2](https://imgur.com/NgfSkiT) + +WHAT GOES TO THE COURT OF CHANCERY + +*A copy of everything you sent to GameStop, plus:* + +[Certificate of Service to GameStop](https://imgur.com/kmwslBX) + +[Verification to Complaint](https://imgur.com/sMJ1f8F) — This document must be notarized. + +[Verified Complaint](https://imgur.com/ZiarMpP) + +[Verified Complaint page 2](https://imgur.com/3wA8Dy2) + +[Verified Complaint page 3](https://imgur.com/B8OryjP) + +[Verified Complaint page 4](https://imgur.com/YFk0OKO) + +[Letter for Summons](https://imgur.com/a/mXoylIJ) + +~~Motion to Expedite~~ EDIT 11/18/21 Please see Investor Relations 46, this document actually needs to be called Form of Order. + +[Certificate of Service to Court](https://imgur.com/T2gBSr8) + +EDIT 11/18/21 You will also need a document called Supplemental Information Form. Please see Investor Relations 46. + +My last shit is this — I'm used to zero upvotes, so my last couple posts blowing up makes me suspicious. + +If my efforts come to nothing, my bullishness on the stock WON'T be affected. + +Why not? + +Well....... + +Because.... + +. + +. + +. + +. + +. + +....... + + +....... + + + +. + + +. + +. + +. + +. + +. + +. + +. + +. + +. +. + +. + + +. + + +. + +.... + + + +................... + + +..... + + + +.... + + + + + + +... + + +. + + + +. + +. + +. + +. + +. + +. + +. + +. + +. + +. + +... + + +... + + +... + + +... + + + +.... + + + +.... + + + + +..... + + + + + +.... + + + + + +.... + + + +.... + + + +..... + + + +.... + + + + + +.... + + +BECAUSE THE GODDAMN MOTHERFUCKING SHORTS NEVER CLOSED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! + +Onward and upward. + +*Disclaimer: My name is JASON FUCKING WATER FALL. I'm not subject to an NDA or any kind of equivalent gag order regarding issues within GME's milieu. I haven't received information indicating an unreconciled number of ballots or votes cast in GameStop's 6/9 shareholder election exceeded the number of outstanding shares. I haven't received information indicating GameStop has been legally prevented from taking action projected to cause a systemic market event. I haven't received information indicating that the number of beneficial GameStop shareholders exceeds the number of outstanding shares. Epstein didn't kill himself and I won't either. I once touched Owen Hart's sweaty bicep as he walked out with Jim Neidhart at a house show. I have never met or knowingly spoken to Ryan Cohen, Matt Furlong, Michael Recupero, Mark Robinson, Tess Halbrooks, Greg Marose, Deep Fucking Value, Ken Griffin, Vlad Tenev, Steven Cohen, Maxine Waters, Elon Musk, Joe Rogan, PFTCommenter, or Ariana Grande.z +Both individuals and corporations pay property tax yearly for land and buildings that they own, why is there no similar tax for IP such as patents in order to prevent or mitigate both patent monopolies and patent trolling? + +Right now it seems that the trade the public makes in granting a patent is biased towards the patent applicant in terms of being granted a \~ 20 year monopoly on the technology at the cost of disclosing the invention, with no explicit requirement to bring the invention to market and a somewhat poor test for non-obviousness. The exclusive monopoly to what can be an obvious invention is perhaps a poor deal for the public to make. + +However, if patents were taxed there would be both an increased public benefit to patents and a disincentive to hoarding them unused or unlicensed. + +Since valuation of a patent could be problematic, one relatively simple solution might be: + +* Patents are given a value by the applicant during the application process. +* Yearly tax is based on this value. +* Maximum license fee and infringement penalty is equal to this value. +* Value can be decreased by applicant anytime during the patent lifetime, but never increased. +I am dead broke. Lost my job and now living in my car and all I have to my name is half a btc and 3 eth and my goal is to make sure I preserve this stack for as long as possible. I do not want to sell this shit. + +What countries can I move to where I can live off of the interest that these assets yield? + +I never want to dip below the half btc and 3 eth. I want to live off of the interest. +I was touring a new gym the other day and the salesperson mentioned that they do not accept credit cards and a bank routing number and account number would be used for automated billing. + +I'm concerned for a number of reasons: +*misuse / theft of the bank info +*ill-timed withdrawals +*I generally don't give that information out + +Am I being paranoid? +31 yo/ here. 100% in equity. 50% etfs & 50% blue chips. This sub seems to be have a alarming amount of people with high risk, highly speculative portfolios. I get the feeling that some of these people feel this market rally will never come to an end. Suddenly a portfolio that is not heavy with US tech or speculative small caps is suddenly a "boomer" portfolio. I get enough US tech exposure through my s&p500 etf. I dont believe getting greedy or going "all in" on high risk bets is a sustainable investing strategy. + +Call me old fashioned but I still think a globally diversified portfolio is the best way to get stable, & sustainable returns. +I majored in econ for 5yrs, after spending 2yrs in highschool, and am still astounded at how often I learn basic economic principles *after* formal studying (que jokes that I didn't really study hard, or am inherently dumb, etc....I promise my education NEVER went over the reality-of, and implications-of, the facts that we swapped to a fiat system with a private Federal Reserve, not in 7yrs of study :/ ) + +SO....my understanding now, which I can't find evidence-against, is that banks no longer need a 10% reserve requirement for loans-issued? IE, for a bank to loan-out $10M last year, it'd need $1M of funds on its books at all time, **minimum**, for some pretty obvious reasons. + +But my understanding is it wasn't "reduced" it was **eliminated**, this isn't just "unfair" but I fail to see how it will lead *anywhere* other than implosion of our financial system.. specifically: + + - Re "Unfair": if I own a bank, and I make money off interest people pay on loans, then I want more $ in my reserves so I can make more loans (ie where I create value/earn money), but w/o this reserve-limit I can now write, what, **as many loans of whatever value I want??** I can have $50K at my bank, and $200M of loans floating around? + + - Re "implosion": I was personally happy to get free-money with the stimulus $$, but I shuddered at their ability to snap their fingers and hand-out that type of $$....while also making it easier for banks to "gamble"....all while the baby boomers are rapidly swapping-over from earning/producing, to retirement/consumption...I fear the ONLY viable way to keep some of our "ponzi-esque" programs afloat, is to print more $$ to "cover them" but of course this just inflates the currency even moreso and there's GOTTA be an upper limit, other countries go bankrupt and I understand it has to be far worse for that to happen to the US because of our allies, because of how much the world's finances are pegged to our dollar, but surely those reasons don't hold us forever, if we want to keep acceleating inflation-rates, and accelerating the rise in annual debt increases for the country, **eventually** the rest of the world would say No (eventually) + +Thanks a ton for any insight to help me better understand this, and to be clear I'm non-partisan (moreso than "non-partisans" typically come, I do not watch any mainstream news, have never in my life identified as lib/dem or repub/conserv., only when college-age did I think I was a libertarian/crypto libertarian but for past decade i'm "nothing" or "independent", I don't see a great deal of difference between either of the main parties in the US, this post is strictly economics not partisan!) + +Again thanks for any help/understanding here, to my brain it almost reads like our economy is looking more & more like the Titanic... +**TL;DR** : Why didn't the government give the bailout money directly to homeowners to remedy the failing mortgages? Banks still get their money and people get to keep their homes + +My extremely basic understanding is that the market crashed because banks were giving out subprime mortgages that were bound to default, ranking them improperly, and then going mad creating derivatives based on these mortgages. + +When what was happening became evident as homeowners started inevitably defaulting on their loans, and foreclosing on their underwater homes the securities and then the entire global market that depended on them tanked because banks had ridiculous debt to capital ratios, and this loss in liquid money made it impossible for banks to continue to operate. + +These banks were too big to fail, so the idea was huge sums of cash injected straight into the banks. Nobody really liked this solution as it seemed to justify the risky behavior of the banks, but it seems it had to be done as there was no other alternative. + +Or was there? + +If the banks were failing because their mortgages were crap, people couldn't pay, and the properties were underwater, why not give the money directly to the homeowners to remedy the crap mortgages? The banks still get the same amount of money from the government, and homeowners get to keep their homes. + + +Things I understand may be complicating factors: + +* the banks would end up with less total liquid cash because they do not get the cash value of the homes foreclosed. (But they would in theory have more money over time as homeowners continue to pay mortgages) +* I am uncertain how this affects the derivatives based on the mortgages, but surely it is better than letting them become completely worthless due to foreclosures, no? + +Why couldn't the Obama administration do this? + + +This was inspired by the Jon Stewart interview with Joe Rogan. He mentioned that he asked this question to an Obama finance person at the time, and their response was that it would create a "moral hazard" for homeowners that they would be bailed out if they couldn't pay. The cognitive dissonance in this statement is risible. What about the moral hazard for giant banks? + +Edit: + +>"There is no way, in my opinion, that Washington is going to bail out an investment bank. Nor should they,” + +-Jamie Dimon in September 2008 +*TLDR: Expect blackouts during the squeeze, nothing changes, just HOLD.* + +* **Edit 1**: Go give @RedChessQueen99 @rensole and @Warden_Elite a follow on twitter. Whilst I say not to put people on pedestals, as the mods of this subreddit I believe they'll at the least be able to point us in the right direction if the sub goes dark. Warden will be streaming over at [his Youtube channel](https://www.youtube.com/channel/UCZDDUjJl54h9UidiwVotM_g) during the MOASS too. As always, take it all in with a pinch of salt. +_______ + +* **Edit 2**: I am not saying the MOASS is coming this week, I'm saying that when it does, it'll be one of the most insane weeks of your life, as the squeeze will last that long at the very least. +_______ + +* **Edit 3**: Thank you /u/patamons for the kind words, a gentle reminder for ALL apes! + +> "*Please make sure that you are taking care of yourselves throughout all of this and if necessary, use this time to make the preparations to do so. This is going to be very emotionally intensive and you may become fatigued by how long this will last. +> Make sure you eat healthy, get enough sleep, and get some sunlight/Vitamin D and some exercise to calm your nerves if you are able. Write those things down. Schedule them out if you have to, just like you should write down your exit strategy. Right now, practice some deep breathing, meditation, and mindfulness if you think it will help. It’s important to do everything you can to make sure you’re prepared.* + +* **Edit 4**: A lot of you have been asking for a Discord link and I've now been given permission by WardenElite to post an invite to [his Discord](https://discord.gg/aC2pZeYM) - I'm aware there are others but from what I know the GME Discord was pretty much compromised alongside it's subreddit. Go join us in Warden's if you like! + +_______ + +I'm sure a lot of other apes here will agree with me when I say something's in the air this week. We don't set dates here, but I'd be very surprised if we didn't see some larger movement in the next few days (yes this can mean downward movement too, bring it on!). We most likely won't see the MOASS all too soon but in the off chance... I figured I'd write this post now while I can. The volume's dried up like crazy, "Hedgefunds are selling at an extreme level", Reddit's started going down. etc. etc. There's A LOT happening in such a short amount of time, those three are probably the three least important factors too, which is amazing. But, on that last note. Reddit did go down yesterday, which makes me want to write a quick post on how to prepare yourself for when this shit finally fucking booms. + +If Reddit going down scared you, then I'm afraid it's only going to be worse when the actual MOASS happens. I'm pretty confident that most of us by now have such heavy diamond balls, this is actually the main reason the rocket hasn't been able to take off. But when the day comes, shit will get nasty. + +If this site doesn't get attacked during the MOASS it's likely it will be so stressed from the amount of people FOMO'ing in that it'll crash anyway. Expect to be in the dark when this shit happens. It's almost certain we won't be able to communicate here and even if we can, it'll be within an absolute sea of shills. Expect pure psychological warfare, you won't know right from wrong anymore. + +Don't jump onto Youtube for advice when the MOASS kicks off either, we don't know that people like Bruce, AndrewMoMoney etc. aren't paid shills. I mean, the fact they love subscribers and donations so much is an obvious sign they could be bought out, right? Don't put anyone on pedestals at all, no matter how sweet you think they might be. Money can make people weird. + +Discord's might go down too, either way the shills will be out in full force. It's going feel like you're totally on your own, that's how the HF's will want you to feel. But you won't be. Millions of us across the planet will be holding with our diamond balls alongside you. This short squeeze is is going to last days on end so you do not need to worry about missing out if you hold shares. If it goes up to $1k and back down within 24 hours, it's not the MOASS - Mainstream media is going to try and convince you otherwise though. So expect a fake short squeeze, this will be the true test of your diamond hands. The largest spike will not be the first one. + +We've spent months and months reading some of the most beautiful DD ever, looking at pure shit tier memes, supporting each other and helping each other learn about the stock. Why? Because we fucking love the stock. Have we done all of this to sell a single share on the way up and for anything under $1k? Hell, $100k? Fuck no have we. We've been waiting for what feels like forever, the floor is in the millions now, but it's coming; we can all feel it. All you need to do is the same damn shit you've been doing since you bought your first share. Just HODL, it'll be hard when you see the stock rocketing into the hundreds of thousands but you can do it. + +I love each and every one of you smooth brain retards and I'm truly going to miss you all once this finally pops off. + +It's been an amazing journey, thank you. +______________ + +*If anyone has any more things to add, feel free to let me know in the comments and I'll add them here.* +I don’t know if this kind of post is allowed, apologies if not. Background: My parents never had much money, old/small house, bought everything at thrift stores, no vacations etc. However, I and siblings all had a custodial account set up when we were born. We’d get stock gifts from grandparents for holidays/graduations. We’d talk about the stock market and how our accounts were growing. I also started working on the family paper route (when those were a thing) as soon as i could fold/wrap so Ive had some kind of small, steady income for as long as I can remember + +Every couple months my parents would tell me my dividends came in and asked me if I wanted the cash spending money or deposit it to my brokerage and buy some stock. Getting a dividend check as a 6 yr old felt like a normal part of life until I brought it up causally to my friends at school one time and you can imagine how that conversation went + +Well I’m 25 now and that account has had some big winners over the last 25 yrs, and some unbelievable growth over the last 5. I’m basically on-track to retire early because of it. Not because of anything I did but just because they had the foresight to set me up for financial freedom. Thanks for reading. +# Edit: Debunked! Big sad. The posts of glitches were only around T+21 dates so that thew me for a loop. They happen frequently and in other stocks too. I'm not a TOS user so I followed a red herring only to get suplexed by /u/jsmar18 + +Gonna make this quick since I'm hype AF, want to get my thoughts out, and to get more apes to discuss. + +Once again - I am not a financial advisor and I am not providing you financial advice. + +# 0. Volume Glitches Close To T+21 Days + +Let's get right to it. We've been seeing glitches once in a while of volume on the buy side. They've always confused me and STILL confuse me, but maybe it's finally coming together. + +We saw a "[glitch](https://www.reddit.com/r/Superstonk/comments/nkyxt4/the_gme_glitch_of_63_million_shares_on_may/)" yesterday in buy order volume. A glitch of \~63M: + +[May 25 Volume Glitch](https://preview.redd.it/j6cztbn42h171.png?width=1899&format=png&auto=webp&s=9b617e53e87a80476cac4ac059016f6da28c1649) + +And this isn't the first time it's happened. [We also saw a "glitch" on March 23](https://www.reddit.com/r/GME/comments/mbs1kb/so_theres_a_643m_order_sitting_on_tos_right_now/?utm_medium=android_app&utm_source=share). A buy order volume glitch of \~634M: + +[March 23 Volume Glitch](https://preview.redd.it/ikjif9uq1h171.png?width=548&format=png&auto=webp&s=ab35e481a86012365efa2fbe7d84ecd35b39b921) + +[And another "glitch" on February 22nd.](https://www.reddit.com/r/GME/comments/lq0lwu/why_is_there_a_94_million_share_buy_order_in_for/?utm_medium=android_app&utm_source=share) A buy order volume glitch of \~94M: + +[Feb 22 Volume Glitch](https://preview.redd.it/lo7ujctv1h171.png?width=1856&format=png&auto=webp&s=a7bed537ad4f811c7399a66706afcc1da2b23e97) + +Notice something.... interesting about the dates? Those are all **very close to T+21 dates**. For a refresh, here's the T+21 days that have happened in 2021: + +* January 25 +* February 24 (Glitch on February 22) +* March 25 (Glitch on March 23) +* April 26 +* May 25 + +Ok cool, we have buy order volume glitches. What could they possibly mean? + +# 1. FINRA Trade Report Processing Rule + +Our fellow ape /u/afterberner9000 found [a FINRA rule](https://www.finra.org/rules-guidance/rulebooks/finra-rules/7140) which could explain why we're seeing things ramp up. Why we might now be experiencing T+21 a day later on T+22. Here's a link to their comment: + +[https://www.reddit.com/r/Superstonk/comments/nkwhq3/the\_dd\_has\_once\_again\_proven\_to\_be\_true/gzfa2o5/?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/Superstonk/comments/nkwhq3/the_dd_has_once_again_proven_to_be_true/gzfa2o5/?utm_medium=android_app&utm_source=share&context=3) + +Edit: The rule is still important to note. But disregard the speculation regarding these glitches. + +~~Essentially, their trade will become 'locked in' (forced) **if it remains open by 2:30PM**. So what does this mean?~~ + +~~**(Speculation coming**) Need more apes to discuss.~~ + +1. ~~**Zoom back to February 22nd.** They get a glitch of 94M **at the end of the day,** meaning the order is actually for February 23rd.~~ +2. ~~By 2:30PM February 23rd, they need to close that order or it gets locked in. They **need to can-kick this order or it will be forced the next day (Feb 24th)**.~~ +3. ~~They can-kicked as much as possible but didn't close the entire order of 94M. 2:30PM February 23rd hits, and their buy order is locked-in for the next day, February 24th.~~ +4. ~~February 24th hits and the remainder of the buy order goes through - resulting in a huge spike in price.~~ + +~~Apply this now to March 23rd glitch. They can-kicked tons of that volume order by March 24th. And then, March 25th surge happened. What could this mean for the glitch we just saw? **Well, if the theory is right and the rule applies here, then they need to can-kick a 63M buy order by EOD May 26th (today) or let it go through.**~~ + +# 2. Volume Glitches = Portion of SI%? + +Edit: The glitches cannot be used to calculate SI% or anything significant. This is a common glitch on TOS as pointed out by our other fellow apes. (They should fix that lol) + +~~If these are truly buy orders of their can-kicking, then Jesus Christ, what the hell did they do?! I'll provide you with some crazy numbers.~~ + +~~We don't know how much their SI% is, but these glitches might be a big, big hint.~~ + +~~The orders are very spread out, so they could be overlapping here and not be cumulative. So for the sake of this post, we'll assume the **634M** volume order on March 23rd is what they're can-kicking off of their balance sheet. **This doesn't even include their current short position.** But let's say that it is the currently reported 20% SI% plus the 634M order. Know how much SI% just that gives us?~~ + +~~20% SI @ 55m float = 11M~~ + +~~11M + 634M = 645M~~ + +~~645M / 55M float = 11.72~~ + +&#x200B; + +~~SI% From March 23 Glitch: 1,172%~~ + + +~~Oh boy.~~ + +~~But wait, there's more!~~ + +&#x200B; + +~~There was another glitch on March 25. Either this is what they are can-kicking, or this throws the entire theory out the window. Because it is a terrifyingly large number and might not even account for overlap of can-kicking. If this is what they're can-kicking, then [what the hell is this "glitch" on March 25](https://www.reddit.com/r/GME/comments/mdcy3x/185_billion_buy_volume_18375_still_showing_in/)?~~ + +[March 25 Volume Glitch](https://preview.redd.it/yvcqcc8k6h171.png?width=1879&format=png&auto=webp&s=b0765d8bd6a96dc100292e05e5aefcdb090c87a7) + +~~Yeah, that's 1.85 BILLION. **If** these orders are their true short positions that are being suppressed, then that comes out to be..~~ + +~~SI% From March 25 Glitch: 3,383%~~ + + + +~~These guys are going to break the damn stock market if this is true.~~ +WSJ is not on Gamestop's side. This article feels like a way to curb whatever is really happening in the background and saying the increase is because of the NFT marketplace. There was no official announcement today about it from Gamestop. + +Something else is happening. Margin calls maybe? Something else? +Serious question. I'm not that good with valuation. + +I've read bull and bear scenarios about TSLA, but I'm wondering what specifically is bad with Teslas valuation. + +I see that it's revenue growth and also its eps was up year over year but that's all I know really. + +Also if there are any bullish arguments please feel free to comment on them. + +Thanks. +I've only studied Economics to a high school level (although I will be studying economic history/history, politics and economics at University), and from what I gather, beyond this it becomes very mathematical. If Economists are thus using maths to come to their conclusions, why is it then that they come to different conclusions? Are they not all using identical models that they were taught as a student? I understand that my view is probably really simplistic and superficial, and perhaps I have a misconseption about what economists really do. So, if someone could enlighten me on this subject it would be greatly appreciated. Thanks! +Given that higher education was rare in the days of slavery, how did freemen who did not have skills above what a slave could reasonably be trained to do (eg a skilled trade requiring years of apprenticeship) make a living? Why wouldn’t potential employers just buy slaves to do basically everything not requiring special skills? + +Has anyone thought that economic growth is bad? It just results in things becoming more expensive and life becomes harder with more work required to merely survive. Why build things that makes life harder and requires more effort? This is a smooth brain question for an actual economists though. The GDP went up, yet your living standards dropped. +By some measures (like the PPP) China has already surpassed the American economy and with its record growth even with a pandemic it seems that China will outpace the United States even with GDP nominal. + +Does the United States just accept this as inevitable? Whether yes or no, can the United States maintain its economic hegemony? +&#x200B; + +[WSB fund alongside the market](https://preview.redd.it/f7s1tlkf5ai61.png?width=1400&format=png&auto=webp&s=45ac4d5c922dbacc6db861ca4343be2252aa81d7) + +I’ve spent a large part of the last year working with data from r/wallstreetbets and want to show how to create and backtest a simple strategy using [the data](https://api.quiverquant.com/). With a few extra steps, the code shown here could be modified to algorithmically trade based on discussion by retail investors. + +Because I figured that some of you would only be interested in the results of this strategy, you can find [a few visualizations summarizing the output here](https://www.quiverquant.com/sources/wsbperformance). + +If you're interested in hearing about the process of implementing the strategy, read on. + +# The Strategy + +Simplicity is the goal here, as I just want to provide a framework which can be built upon as desired: + +1. Get data on the previous week’s WallStreetBets discussion. +2. Identify the five most mentioned stocks. +3. Buy those stocks at the start of the trading week, sizing positions based on how much they were talked about in proportion to each other. +4. Sell positions at the end of the trading week. +5. Repeat + +One thing which I do not incorporate into this strategy is any information on the sentiment of wallstreetbets towards individual stocks. While the subreddit generally tends towards long positions (“stocks only go up” is a common saying) this is something that might be worth implementing in a more sophisticated strategy. + +## Implementation + +**Getting wallstreetbets discussion data** + +I used the [quiverquant package](https://pypi.org/project/quiverquant/) in Python to easily access wallstreetbets discussion data through [Quiver Quantitative’s API](https://api.quiverquant.com/). + +I use the Institution plan of this API in order to get live comment-level data but, with a few changes to my code, you should be able to implement a similar strategy using the Trader plan. + + import quiverquant + import pandas as pd + + #Replace <token> with your personal token + quiver = quiverquant.quiver(<token>) + + df = quiver.wallstreetbetsComments(date_from=”20180901") + +[Wallstreetbets discussion data](https://preview.redd.it/2pjc32xh5ai61.png?width=1032&format=png&auto=webp&s=1e657613383c711d5461d51120dff786a8a51387) + +Using the above code, I am able to get a Pandas DataFrame of approximately 3.3 million rows with data on ticker mentions on wallstreetbets going back to September 2018. Note that if you’d like to dive deeper into sentiment analysis of comments, you can use the wallstreetbetsCommentsFull function with the Institution plan. + +I will then group the data to get the number of times each ticker was mentioned each week. + + #Get date of comments + df["Date"] = df["Datetime"].dt.date + + #Get number of comments mentioning each ticker on each day + dfDay = df.groupby(["Ticker","Date"]).count().reset_index() + + dfDay = dfDay.rename(columns={"Puts": "Mentions"}) + dfDay = dfDay[["Ticker", "Date", "Mentions"]] dfDay["Date"] = pd.to_datetime(dfDay["Date"]) + + #Get total mentions by week + dfWeek = dfDay.groupby([pd.Grouper(key='Date', freq='W-MON'), 'Ticker'])['Mentions'].sum().reset_index().sort_values('Date') + +[Wallstreetbets discussion data grouped by week and ticker](https://preview.redd.it/f4nbmtpl5ai61.png?width=514&format=png&auto=webp&s=af6bb30ea28329fcfc13083c5d4edc20b8a23d2d) + +&#x200B; + +**Backtesting** + +Next up is the implementation of the strategy. I’m not going to go into too much depth on this block of code, because I expect that most of you will be more interested in building your own strategies rather than copying the one that I show here. + + import yfinance as yf + import datetime as dt dfLarge = dfWeek[dfWeek["Mentions"]>1]dfLarge = dfLarge.sort_values("Date", ascending=True) dates = dfLarge["Date"].unique() + + #Initial capital of mock portfolio + capital = 100000 + + started = False + startedDFW = False + + for date in dates[:-2]: + dfW = dfLarge[dfLarge["Date"]==date] + dfW = dfW.sort_values("Mentions", ascending=False).head(5) + dfW['prop'] = dfW['Mentions']/dfW["Mentions"].sum() + dfW['buy'] = capital*dfW['prop'] + buyDate = date+pd.Timedelta(days=6) + dfW['buyDate'] = [buyDate]*len(dfW['buy']) + if not startedDFW: + dfWs = dfW + startedDFW = True + else: + dfWs = pd.concat([dfWs, dfW]) + sellDate = date+pd.Timedelta(days=15) startedWeek = False + print(date) + for index, row in dfW.iterrows(): + ticker = row["Ticker"] + print(ticker) + try: + ytStock = yf.download(ticker, start=str(buyDate.date()), end=str(sellDate.date()), interval="1d").reset_index() + shares = row["buy"]/ytStock["Adj Close"].values[0] + ytStock = ytStock.iloc[1:] + except: + print("Error") + ytStock = yf.download("SPY", start=str(buyDate.date()), end=str(sellDate.date()), interval="1d").reset_index() + shares = row["buy"]/ytStock["Adj Close"].values[0] + ytStock = ytStock.iloc[1:] ytStock["OpenAmount"] = ytStock["Open"]*shares + + ytStock["CloseAmount"] = ytStock["Adj Close"]*shares + ytStock["Ticker"] = [ticker]*len(ytStock["OpenAmount"]) + ytStock = ytStock.fillna(method='ffill') + ytStock = ytStock.fillna(method='bfill') + ytStock = ytStock.dropna() + if not startedWeek: + dfCombined = ytStock + startedWeek = True + else: + dfCombined = pd.concat([dfCombined, ytStock]) + + if not started: + dfAll = ytStock + started = True + else: + dfAll = pd.concat([dfAll, ytStock]) + + capital = 0 + for ticker in dfCombined["Ticker"].unique(): + dfT = dfCombined[dfCombined["Ticker"]==ticker] + capital+=dfT["CloseAmount"].values[-1] + print("Week end capital: ", capital) + +&#x200B; + +**Visualization & Analysis** + +Because I want to compare the performance of this WSB portfolio with the market, I will also get data on the performance of SPY over the same time frame. + + dfDay = dfAll.groupby("Date").sum().reset_index() + dfDay["Fund"] = ["WSB"]*len(dfDay["Close"]) + dfSPY = yf.download("SPY", start="2018-09-01", end="2021-02-18", interval="1d").reset_index() + dfSPY["Fund"] = ["S&P 500"] * len(dfSPY["Open"]) shares = 100000/dfSPY["Open"].values[0] dfSPY["OpenAmount"] = dfSPY["Open"]*shares dfSPY["CloseAmount"] = dfSPY["Close"]*shares + + dfCombined = pd.concat([dfDay, dfSPY]) + +&#x200B; + +Now I can graph out how the WSB fund did compared to the market using Plotly. + + import plotly.express as px + import plotly + + fig = px.line(dfCombined, x="Date", y="CloseAmount", title='WSB', color="Fund", color_discrete_sequence=["rgb(229, 81, 39)","rgb(118, 213, 232)" ]) + + wsbReturn = (capital-100000)/100000*100 + + fig.update_layout(title="<b>+"+str(round(wsbReturn, 2))+"% Return</b><br>Aug 2018 - Feb 2021", titlefont=dict(color='rgb(229, 81, 39)', size=20), plot_bgcolor='rgb(32,36,44)', paper_bgcolor='rgb(32,36,44)') + fig.update_xaxes(title_text="",color='white', showgrid=False, tickfont=dict(size=10)) + + fig.update_yaxes(title_text="$", color='white', showgrid=False, titlefont=dict(size=20),gridcolor="rgb(228,49,34)") fig.update_layout( legend=dict( title=dict(text="",font=dict(color='white')), x=.85, y=1.15, font=dict( color='white', size=15 ) ) ) + + fig.update_traces(line=dict(width=3)) + fig.show() + +[WSB performance vs. market](https://preview.redd.it/lzrvwfzo5ai61.png?width=1400&format=png&auto=webp&s=d18155260b1b7136ad52b15e54ba6b0cc4c83c4a) + +I can also see what the portfolio was comprised of each week. + + import plotly.graph_objects as go + + fig = go.Figure(px.bar(dfWs, x="buyDate", y="buy", color='Ticker',text='Ticker',color_discrete_sequence=px.colors.qualitative.Light24))fig.update_layout(title="Portfolio by Week", titlefont=dict(color='rgb(228,49,34)'), plot_bgcolor='rgb(32,36,44)', paper_bgcolor='rgb(32,36,44)') + + fig.update_xaxes(title_text="",color='white', showgrid=False, fixedrange=False) fig.update_yaxes(title_text="$",color='white', showgrid=False, fixedrange=False,gridwidth=1,gridcolor="rgb(109,177,174)") fig.update_layout( legend=dict( title=dict(text="Ticker",font=dict(color="white")), + font=dict( + color='white' + ), + )) + + fig.show() + +[Portfolio by week](https://preview.redd.it/t3t9qlyq5ai61.png?width=1400&format=png&auto=webp&s=975da90d2d0af2ce503e62d8b07dad61dcd8698b) + +This graphic is pretty indistinguishable as a static image, but I put interactive versions of the visualizations up on this [dashboard](https://www.quiverquant.com/sources/wsbperformance), which allows you to see the information by zooming and hovering. + +# Conclusion + +It probably goes without saying that the past performance of this strategy is no indication of future results and that this post is not intended as financial advice. + +That being said, I do think that, in the right hands, there is strong potential in using data from wallstreetbets discussion to generate alpha. +I really don't see a way for me to be able to live a happy life aside from even the smallest MOASS. I have a college degree, no spouse and no kids, so I am in a pretty good place situationally, and I still can't get ahead. I have 16 dollars in my bank account and the idea of selling even one share feels like I am giving away my future. + +Mental health has been beating me for years. It feels like my options are MOASS or working my ass off for people who don't care so I have the privilege to eat. I want to experience the world and help improve it, not do the same shit for 40-50 years and be happy about my weekends or 1 week PTO. People aren't meant to live like this. I just hope I can find some peace and MOASS seems like the best way for me... Thanks for letting me rant. + + + +Edit: Thank you all so much. The comments have helped ground me and I'm ready to keep fighting forward. Seeing people relate is bittersweet because it helps me feel better knowing I'm not alone and that it's not something wrong with me, but it means that more people are suffering with similar issues. This is why I Hodl, to get rid of these unneeded issues for everyone I can. Fuck being stupid rich, I want to see the world be stupid happy. 🦍🤝💪 +Welcome to the second **/r/EthTrader** Daily Discussion Unlimited thread. Clearly AutoMod is starting to make this a occasional habit and our service is once again required. + +The thread guidelines are as follows: +*** + +* Follow the golden rule. + +* General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. + +* Breaking news or other important content should be submitted as a separate post. + +* In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, follow this link and choose the latest entry on the search page. + +* Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link] (https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page.` + +*** +Thank you in advance for your participation. Enjoy! + +Best Regards + +Daily Discussion Unlimited Team +The New Wage Code says you need to have basic pay as atleast 50% of CTC. Which means more contribution to PF and all. Now when they introduced new tax slabs, FM said we can't force all to invest in social security schemes, we are going to give them choice of spending. And they also said India will eventually move to new tax slabs. + +Now both these combined ( new tax slabs + new wage code ) means only one thing : you'll have less in hand salary and there is no way you can claim tax benefits on your contributions, you'll end up paying more tax!!!! Am I missing here something, because no where I have seen someone talking about + +TL;DR : if new tax slabs are made compulsory, then people end up paying more tax because of no deductions and low in hand salary, thanks to new wage code. + +Edit : this link, [the link](https://www.livemint.com/budget/news/no-timeline-to-remove-i-t-exemptions-nirmala-sitharaman-11581862140185.html) posted here in this [comment](https://www.reddit.com/r/IndiaInvestments/comments/kh9mga/why_no_one_is_talking_about_this/ggketji?utm_medium=android_app&utm_source=share&context=3) hints about the possibility of moving away from all IT exemptions +I'm currently reading up on cryptocurrency, and I'm starting to wonder if a group of countries with close enough cost of living indexes could somehow adopt a digital currency and therefore trade or allow their citizens to buy stuff in any of them without the hassle of exchange rates and whatnot. Something like the Euro, but expanded to include the other continents, and could be adopted in the future by developing countries once their cost of living index reaches a certain baseline as well. +I know some developers and real estate agents do their own properties from start to finish. Although I talked to a couple and they prefer just to do their business? I am just curious if I had the skills and patience to learn constructions or take my real estate exam, I think I would be all over doing every single property to maximize my income. Just wanted to know your thoughts. +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. +Can we take a moment and congratulate Dr. Burry on a outstanding prediction of the short squeeze. He has his roots in value investing and I see him as a huge inspiration. I wish we had more interviews/discussions of him so we can analyze his thought process. + +As a graduate student trying to juggle school and learning value investing I look up to this guy. +Can we take a moment and congratulate Dr. Burry on a outstanding prediction of the short squeeze. He has his roots in value investing and I see him as a huge inspiration. I wish we had more interviews/discussions of him so we can analyze his thought process. + +As a graduate student trying to juggle school and learning value investing I look up to this guy. +[https://evanwoon.medium.com/trying-to-figure-the-right-stock-to-buy-16a889918079](https://evanwoon.medium.com/trying-to-figure-the-right-stock-to-buy-16a889918079) + +Hey guys, I've developed a viable Fundamental and Technical Analysis combination strategy that has been making me consistent returns for a while, and I thought I'd write an article to share my knowledge for beginners. Please let me have it — do knock on my strategy if you think it's not viable at all, or tips if you think I could improve on it. + +Will appreciate all feedback that I can get! +Archive link to the news: + +https://web.archive.org/web/20220425162301/https://www.thetradenews.com/dtcc-names-new-ceo-as-michael-bodson-announces-retirement/ + +> The Depository Trust & Clearing Corporation (DTCC) has named Francis (Frank) La Salla as its new president and CEO with its current chief Michael Bodson set to retire. + +> La Salla was chief executive officer of BNY Mellon’s Issuer Services business a member of the BNY Mellon Executive Committee. + +I find it weird that there is many post talking about the former guy "jumping ship" while right in our face. + +They are linked to the Brazilian puts: + +https://www.reddit.com/r/Superstonk/comments/rwt6vi/i_found_bny_mellons_adv_form_remember_all_those/ + +https://www.reddit.com/r/Superstonk/comments/q50q3j/was_bny_mellon_taken_over_by_goldman_from_the/ + + +That's the real news! + +Edit 1 (more post about BNY Mellon): + +https://www.reddit.com/r/Superstonk/comments/qdhi14/the_trio_of_crime_citadel_goldman_sachs_and_bny/ + +https://www.reddit.com/r/Superstonk/comments/r5zgi7/741_seinfeld_and_billions_of_illegal_naked_shorts/ + +https://www.reddit.com/r/Superstonk/comments/r5u5w8/kenneth_griffin_hired_the_vice_president_of_bny/ + +Edit 2: + +Hello in Portuguese is "Olá". Maybe Ryan Cohen was saying "Hola" to our new "friend"? + +Edit 3: + +https://old.reddit.com/r/Superstonk/comments/sx93rm/further_evidence_citadel_is_in_trouble_public/ + +Edit 4: + +https://www.reddit.com/r/Superstonk/comments/u5bv6n/decoded_dfv_is_a_time_traveler_tried_to_show_us/ +When I went on a trip to Nepal, I was told by the guide to not give money to the begging children because they will skip school to beg and it ruins the local economy that they don’t get useful skills. + +This made me think whether you can apply the same logic to homelessness in the western world. If people give money to them, it pushes the responsibility from government to people walking on streets to make sure they can eat and have warmth. + +You may even extend that to any philanthropy. +Like tipping - does that mean workers will demand less wages because they can get by and survive with the tips? +Or charity - if people give money to charity for example sick kids, does that mean that the government will support less of these because they count away the charity that is given? + +Maybe a similar logic can even be applied to people working 3 jobs 80 hours a week: because they can survive with that much working, they might not demand as high hourly wage. + +Does this mean we should stop tipping, charity etc? Isn’t it better that democratically elected official institutions spend their money more efficiently to reduce these problems than relying on peoples good will? +I keep reading articles/stories etc about employers "desperately needing staff" and "cant find any staff" but when you dig a little deeper you learn that the reason they can't find any is because they dont want to pay above the award rate or acknowledge the fact that in a competitive labour market(which we are in) you have to compete for staff by offering higher pay. + +It's almost like a type of derangement where they refuse to ackowledge the fact and would rather just suffer with lack of staff than just pay a little bit extra. Has anyone else noticed this or have similar stories? + +One of the relevant articles - [https://www.couriermail.com.au/news/queensland/please-take-a-job-queensland-businesses-at-breaking-point/news-story/9cb73e36c7f375e79bb90db16ab8d8fd](https://www.couriermail.com.au/news/queensland/please-take-a-job-queensland-businesses-at-breaking-point/news-story/9cb73e36c7f375e79bb90db16ab8d8fd) +I know you all know me for my memes. But it might surprise you to know I dont lose all my money!!! I will briefly explain in this post some newb traps and how to hopefully avoid them. + +1. Trusting internet randos. Dont fucking do it. 98% of the fuckers on hotcopper will lie to your face for 5c. Until you learn how to judge what a company is worth dont take advice from someone you cant walk up to and punch in the face for losing you 10k. + +2. Blindly following valuations. There are many brokers out there and some of them do good work. However there are many out there that are **PAID** to write good reviews about a company. Sure there are no lies there but that doesnt mean they are telling you the whole truth. Dont get me started on fucking morning star quantitative. + +3. Not knowing how the stock market works. Seems basic but i have seen people trade who dont know what the morning auction is. Or the closing auction. Or why some companies open before others. Or why liquidity matters. Or why buying a penny stock miner after it went up 2500% in a day is a stupid move. Or how a conditional order works. Or what an option is. Or what an ETF is. For fucks sake read the sidebar and ask questions before you lose grandma's inheritance, or your wifes shoe money. We will call you retarded but we will help. + +4. Getting fooled buy easily faked metrics. If i put a 50k order in for xxx in pre open and it looks like it is going to shoot up 30% and then a bunch of autists jump on and i remove my buy order and put a sell order in instead I have just manipulated the market. Guess what? If i can do that with 50k imagine what an institution can do with 20 bots and 1 million dollars. You cannot be faster then a bot. You cannot out money a bank. You are not smarter then the analysts. Your advantage is that you are working with smaller packages of money. You wont move the market, because you cant. But 100% of $1000 is still pretty good. However i would take 2% of $4,000,000 over that 100% anyday. Buy orders disappear. Sell orders can be reloaded. Numbers can be easily manipulated. Dont trust anything or anyone. Shoot your cat, its a warren buffet spy bot. + +5. T+2 trading or YOLOing more then you can afford to lose. Unless you have a great idea of the market sentiment, micro and macro environment of the stock you are trading, insider information about any upcoming announcements, a crystal ball that works or even visions from the future i would **NOT FUCKING GAMBLE WITH MONEY I CANNOT AFFORD TO LOSE** + +5. AGAIN DONT FUCKING DO IT + +6. Fucking with shit you dont know shit about. if you are a medical professional and you know your fancy science words go right ahead an get into med stocks. If you dont know what copper is used for but you just threw your 2nd mortgage into xyz the copper miner/lube emporium you might lose your money and never know why. + +5. Falling prey to FOMO. I know its exciting watching someone post gains porn. Dont jump on that meme stock at an all time high... you might make money but chances are you will lose it. + + +There are lots of other newb traps but there are a few of the obvious ones. I fell for most of them before i worked out what was going on. The best way to make money on the stock market is to not lose it all in the 1st 2 weeks. +Hello! I keep trying to explain to friends and family how if done right, you can minimise risk and maximise reward. I was explaining the S&P 500 index fund and how it is the least risky type of investment, and how over time it has gained over 100 years 7-8% adjusted with inflation. Now I know there is a risk, but it makes my blood boil when they say it's gambling just like the casino because it ain't. They obviously don't know much about it. My question to you guys, how do you respond in a way to show them it's not and that it's bad stigma from day traders and culture that makes em think this way? How do I explain in the most layman terms to them that an index fund in the S&P 500 is the least risky option when it comes to investing? Appreciate the support. +Since all the other streaming services have come online I don't really see anything that sets Netflix apart other than they were first. I wouldn't actually be able to tell which one I am watching aside from the branding. + +They have also lost a lot of content due to all the other services such as Disney starting. + +Does a company necessarily need a Moat to be successful? +...and we are thankfully doing well enough that I was able to set up an "eWallet" for her, with a little extra money for her to buy something for her little sister. Seeing that money in there to buy books made me think about how only 6 months ago I would have had a hard time giving up even $5 to spend on anything that wasn't food/bills. + +And then I remembered talking to one of the dads from my daughter's class. He talked about how they were struggling to put food on the table. His wife just had a baby and was hospitalized due to complications, but she had to get back to work ASAP because she was the one bringing home a paycheck. + +And then I remembered my daughter innocently telling me about how her classmates brought lunchboxes with a single granola bar, or nothing at all. Thankfully she goes to an awesome school with an amazing teacher, so these kids *always* get to eat a full school meal when this happens. + +But thinking about 4/5 year olds having so little just... Hurts. And I know **everyone** is hurting right now in this economy. So I bought several $7 Scholastic gift cards and sent them to her teacher with instructions to give them to kids with little or no money to spend at the fair. Hopefully this buys them a small book and an eraser or something. Anything to make sure they're not left out. + +Edit: Holy cow! I did not realize this blew up. One of the first comments on this post started a really controversial/toxic thread about politics and gender roles, so I actually deleted my Reddit app. Imagine my surprise when I went to browse PovertyFinance on chrome and saw this post at the top! + +Firstly, thank you to everyone for the kind words. It fills me with hope for humanity to hear about so many other people doing something similar. I can see several messages from people wanting to give money, but the app is being silly and I can't actually view the full messages or respond. So here's what I will say to everyone: If you want to give, give to your own communities! It doesn't even have to be money. You can donate your time and help a food bank or animal shelter. You can dig in your pantry and find some things to give to the food bank. You can join your local Buy Nothing Group and see if there are any requests you can fulfill. + +For everyone who awarded this post, thank you! I don't really know what awards do, but I do appreciate the gesture. I wish I could see who gave them to me, but again the app is being silly and I can't. So thank you again! + +Lastly, I want to say that the main reason I made this post is because of the sheer stress I've been feeling financially. Not just for myself, but for pretty much everyone I run into online and in real life. Everyone is struggling like crazy and it's honestly difficult to process. I am just one more bobbing head in a sea of drowning people, or at least that's what it feels like. Posting this story allowed me to address those inner thoughts while also writing about something positive and hopefully inspiring others to help where they can. We need to support each other as much as possible. 💪 +https://www.sec.gov/rules/sro/nscc-an.htm#SR-NSCC-2021-801 + +We now need NSCC-002 to be approved for the changes to be implemented. The deadline is for an SEC response to NSCC-002 is 5/8, but effectively 5/7 because of the weekend. + +Here's my post with the complete timeline: + +https://www.reddit.com/r/Superstonk/comments/n445l7/timelines_for_nscc801_and_nscc002_approvals/ + + +Edit: It is worth reading Section III of the [SEC statement](https://www.sec.gov/rules/sro/nscc-an/2021/34-91770.pdf). The SEC supports the change on many levels, which is good news for NSCC-002. +I feel that a lot of people can learn from this and wanted to share it. It is important to understand when the fundamentals have shifted enough for you to sell out of a company. I think that Bill points to exactly why they sold and the unknowns that are now presented. I found it an interesting read and insightful as to why some investment companies offload shares outside of just general lower sentiment. + +&#x200B; + +Actual letter ([link to the post](https://www.businesswire.com/news/home/20220420006196/en/Pershing-Square-Holdings-Ltd.-Releases-Letter-to-Shareholders)): + +> Dear Pershing Square Investor: +> +>Today, we sold our investment in Netflix, which we purchased earlier this year. The loss on our investment reduced the Pershing Square Funds’ year-to-date returns by four percentage points. Reflecting this loss, as of today’s close, the Pershing Square Funds are down approximately two percent year-to-date. +> +> +> +>While we have a high regard for Netflix’s management and the remarkable company they have built, in light of the enormous operating leverage inherent in the company’s business model, changes in the company’s future subscriber growth can have an outsized impact on our estimate of intrinsic value. In our original analysis, we viewed this operating leverage favorably due to our long-term growth expectations for the company. +> +> +> +>Yesterday, in response to continued disappointing customer subscriber growth, Netflix announced that it would modify its subscription-only model to be more aggressive in going after non-paying customers, and to incorporate advertising, an approach that management estimates would take “one to two years” to implement. While we believe these business model changes are sensible, it is extremely difficult to predict their impact on the company’s long-term subscriber growth, future revenues, operating margins, and capital intensity. +> +> +> +>We require a high degree of predictability in the businesses in which we invest due to the highly concentrated nature of our portfolio. While Netflix’s business is fundamentally simple to understand, in light of recent events, we have lost confidence in our ability to predict the company’s future prospects with a sufficient degree of certainty. Based on management’s track record, we would not be surprised to see Netflix continue to be a highly successful company and an excellent investment from its current market value. That said, we believe the dispersion of outcomes has widened to a sufficiently large extent that it is challenging for the company to meet our requirements for a core holding. +> +> +> +>One of our learnings from past mistakes is to act promptly when we discover new information about an investment that is inconsistent with our original thesis. That is why we did so here. +> +> +> +>We are in the midst of an opportunity rich environment for Pershing Square due to the dramatic shift in Federal Reserve policy, the highly inflationary environment, geopolitical uncertainty, and the resulting high degree of security price volatility. We therefore expect to find a good use for the Netflix proceeds. Please feel free to contact the investor relations team if you have any questions about the above. We are grateful for your support and long-term partnership. +> +>Sincerely, +> +>William A. Ackman +**Update:** u/ORTEX_official has gone back and removed comments from **another** post on their profile. [The removed comments are viewable here.](https://www.reveddit.com/v/u_ORTEX_official/comments/ykaian/an_update_regarding_intraday_lending_and_short/) Some comments, like [this one](https://imgur.com/5epCWQs) were edited to add additional data after reveddit captured them, and they can all still be seen on their poster's profiles. + + +Shameful, and an outright admission that they can't handle follow up questions. They won't name the third party data provider, they won't even address us anymore. A+++ job handling reddit guys. + +Edit: to be clear, they are not deleting their own comments, they're removing the comments others have left on their posts. NGL I was really hoping they would start doing this since it makes things look so, so much worse for them. + +To see for yourself: https://www.reveddit.com/v/u_ORTEX_official/comments/yopo49/introducing_ortex_index_rebalance_predictions/ + +Edit 2: u/ORTEX_official has now also [lied about the nature of the removed comments, ](https://www.reddit.com/r/u_ORTEX_official/comments/yopo49/introducing_ortex_index_rebalance_predictions/ivgou1j/) claiming that they were removing abusive comments for content moderation purposes. Not sure if they know we can still see what the removed comments said. I think "follow-up questions" and "abusive comments" are slightly different things. + +Edit 3: The reason that Ortex can't just sweep this under the rug and move on like Fidelity did with their 11 million shortable shares "glitch" a few months ago is that **Ortex's entire business is selling data.** That's it. So Fidelity can just say "glitch in the data, whatever, move on." But for Ortex, if they don't have reliable data, they have nothing at all. Oops. That's why they were so proactive about coming to us to do damage control and keep the discussion as confined to reddit as possible. +TL;DR: Recorded call with former Citadel client reveals Citadel has been underperforming and may have been cooking the books on their finances. Further evidence shows that Ken Griffin was desperate to hold onto his client's funds, and was ferocious towards anyone that left him. + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +If you recall in my [Burning Cash](https://www.reddit.com/r/Superstonk/comments/v0zrni/burning_cash/) DD post, I explained how Citadel has just a handful of clients that provide them with the necessary capital to operate. + +§1 of my "Burning Cash" DD: "Remember that each of these 19 clients is a very wealthy individual (we're talking aristocrat wealth; someone with a net worth in the billions, or at least $100 million range)." The number of Citadel's clients has dropped to 16 now, as of March 31, 2022, which can be seen on Item 5.D.(f), which is located on page 28 of Citadel's [ADV](https://reports.adviserinfo.sec.gov/reports/ADV/148826/PDF/148826.pdf). + +I should point of that finding out who are these clients (whether former or current) of Citadel is nearly impossible. But, a few days ago I was tipped off by an Ape "u/ Marijuana\_Miler", that noticed an interviewee on "The Tim Ferriss Show", talk briefly about how he's a former client of Citadel. + +[Transcripts from "The Tim Ferriss Show":](https://tim.blog/2022/05/28/ed-thorp-transcript/) + +https://preview.redd.it/pfs2m9aurn391.png?width=625&format=png&auto=webp&s=b817b9f2f2ecc434c6e7742471573812908ed0cb + +https://preview.redd.it/we8n7nwvrn391.png?width=625&format=png&auto=webp&s=61362c9e52b372d7ced51b13f9dcf65dee311dd4 + +\[Note: When someone is talking in an open interview (e.g. Tim Ferriss Show), they're usually more careful about the things they say, so you might not be able to get the full picture of what was going on behind-the-scenes. I've personally been interviewed by talk shows before, and the information I'd provide in interviews was very limited in scope to what was actually going on, and I made sure if I talked about someone, that I would be respectful and not try not to defame anyone's character. That's usually how it goes, so I knew that if Thorp had relations with Ken Griffin and Citadel, there's was very likely much more going on not provided in that interview with the Tim Ferriss Show, which is why I wanted to dig deeper. And, as you'll see in the recordings, Thorp's views on Ken Griffin and Citadel are drastically different than what was displayed in the interview.\] + +Now, who is Edward O. Thorp (PhD)? + +He's an illustrious American mathematician, hedge fund manager, author, and blackjack researcher. He has a net worth of $800 million, which is the type of wealthy client (of the 16 Citadel clients) I was talking about. + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +Here's a biographical [synopsis](https://www.celebritynetworth.com/richest-businessmen/wall-street/edward-thorp-net-worth/) of Edward Thorp: + +"Edward Thorp is an American mathematics professor, author, hedge fund manager and blackjack player who has a net worth of $800 million dollars. Edward Thorp was born August 14, 1932 in Chicago, Illinois. He is known as the "father of the wearable computer" since inventing the world's first wearable computer in 1961. He was a pioneer in modern applications of probability theory, including the harnessing of very small correlations for reliable financial gain. He is the author of Beat the Dealer (1962), the first book to mathematically prove that the house advantage in blackjack could be overcome by counting cards. He also developed and applied effective hedge fund techniques in the financial markets. Thorp received his Ph.D. in mathematics from the University of California, Los Angeles in 1958 and worked at the Massachusetts Institute of Technology (MIT 1959-61). + +\[...\] + +After his success in casino games, Thorp moved to Wall Street, where he used in full measure his mathematical genius to foresee the price anomalies and with his partner J. Regan developed simple and efficient methods of earning money on stock. His methods are shown brilliantly in his book Beat the Market (1967). Edward O. Thorp is a legendary blackjack player and thinker, and is one of the 7 people elected to be original members of Blackjack Hall of Fame." + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +When I found out that Edward Thorp was one of Citadel's clients, I felt really lucky, because I just so happen to have certain connections that I could leverage to get me in contact with Dr. Thorp. + +I was able to reach out to him, and had a chat with him on the phone regarding Ken Griffin and Citadel. Here are the recordings. + +\*I know mods were previously concerned of any potential legal ramifications for posting this, but I can assure you all that I was legally allowed to record this phone call.\* + +\[I should note before you listen to these recordings, that I edited out my voice. So, you'll only be hearing the voice of Edward Thorp.\] + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +\-My first question: "When did you leave Citadel?" + +https://reddit.com/link/v4wxkb/video/xnnw31n6sn391/player + +Dr. Thorp answers that he exited in 2020, before the January 2021 run up and all the craziness that transpired afterwards. This is important to note. + +\-I later asked him "why did you decide to leave Citadel?" And "tell me about the stipulations in your contract with Citadel. How hard was it to withdraw your money?" + +https://reddit.com/link/v4wxkb/video/bsfmxd1asn391/player + +Dr. Thorp's testimony here is a revelation that underscores the many shady practices of Citadel. We'll be revisiting it later on, but to succinctly explain: + +Citadel was underperforming, their returns were bad (not nearly as good as Citadel/MSM made them out to be to the public), and that was pre-2021. If Citadel's real returns were terrible pre-2021, they must be absolutely awful this year as well as last, as they've only been burning through their cash trying to keep the basket stocks down. + +We also learn that it's extremely hard for Citadel clients to leave the hedge fund, and that the process takes several years to exit. That would explain why the number of clients Citadel didn't drop from 19 to a significantly less number (such as 10 or less), but instead dropped to 16. I imagine the clients with several billions may have had more leeway/stipulations in their contract; hence, they would've been able to exit quicker (explaining the increase in clients exiting 2021/2022), but for most of the clients, it wasn't going to be as easy. Though, they're most likely actively withdrawing, which is why Citadel needed to cut withdrawal limits and get money from Sequoia. + +\-I asked Thorp about his history with Ken Griffin: + +https://reddit.com/link/v4wxkb/video/etr43arbsn391/player + +"I just rolled out along until they stopped performing well, and I got out as quickly as I could"-Edward Thorp, Former Citadel Client. + +I really like this quote. Should be part of an ad for Citadel, haha. + +\-Discussion about Citadel's withdrawal penalties: + +https://reddit.com/link/v4wxkb/video/58hzumodsn391/player + +"I said to myself, 'if they're so desperate to keep your capital, it means they probably see some risks that we don't know about'". + +\-Discussion about how Ken Griffin operates Citadel: + +https://reddit.com/link/v4wxkb/video/dyvsiy6fsn391/player + +"He has very tight control. He's in charge; he collects most of the money. And he goes after people with ferocity if they leave him. He thinks they'll take any secrets from his organization." + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +There was more in my discussions with Edward Thorp that I would've liked to share, but I was specifically entrusted to keep particular things he said solely between me and him. I'm choosing to do the right thing and honor his request. There's already plenty of information that I've shared here that he's provided, which would make for very strong evidence in the DOJ investigation into Citadel. + +I've also sent this info to a buddy of mine in the government that can relay it to the right people in the DOJ, to make sure this information is included in the probe into Citadel. + +I think that the DOJ would be very interested in learning further about how Ken Griffin "goes after people with ferocity if they leave him". Any sort of coercion or bribery can be prosecuted under the RICO Act. + +Also, I'd like to go back to recording #2. + +**We have corroborating evidence from Thorp that Citadel was producing returns that were virtually correlated with the stock market (i.e. S&P 500). And Citadel agreed with Thorp's statistical analysis when he presented it to them.** + +Ok, so example: + +Market goes up 3% **⇒** Citadel makes positive returns correlated with 3% market rise. + +Market goes down 3% **⇒** Citadel makes negative returns correlated with 3% market drop. + +Sound easy enough? Ok...so why has Citadel been reporting that they're outperforming the market? + +Why do we have MSM articles like this around (this has been going on for years, mind you): + +[Exhibit A.](https://preview.redd.it/qap8ndnyrn391.png?width=925&format=png&auto=webp&s=fbd6c71b09b098c76be0b3c0cb085faacc777886) + +[Exhibit B.](https://preview.redd.it/bk8gp0yzrn391.png?width=1023&format=png&auto=webp&s=29965b1e9c019bc2f564b17adcb6b0fdac7c0df0) + +These publicly reported numbers are not consistent with what Thorp stated. + +Take, for example, this article published on September 25, 2020: + +https://preview.redd.it/cjawdj61sn391.png?width=867&format=png&auto=webp&s=e5b76d5cbfe007c6212f1031d593cd7ec0299de6 + +"Citadel Securities LLC doubled its profits during the first half of 2020, Bloomberg News reported Sept. 25. + +Let's do some math on this, shall we? + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +January 1, 2020 S&P 500 closing price: 3,278.2 + +July 1, 2020 S&P 500 closing price: 3,207.62 + +\[[source](https://www.multpl.com/s-p-500-historical-prices/table/by-month)\] + +Calculations: + +\[(3,207.62/3,278.2)100\] ≈ 97.85 + +⇒ 97.85-100 ≈ **-2.15%** + +**Citadel should've lost 2.15% from January 1, 2020 - July 1, 2020.** + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +Even taking into account any fees being collected, there's no way Citadel would've been able to double its profits during the first half of 2020. It's impossible. + +If we go by Thorp's statistical analysis (which Citadel agreed with), it's clear that Citadel is artificially inflating their positions. This could be for a variety of reasons: to look good to prospective clients, outside competitors, take out loans, gain leverage, etc. + +This is what happened in the case of Bill Hwang, owner of the hedge fund Archegos. + +Hwang was indicted by the DOJ on Wednesday, April 27, 2022 for racketeering & fraud offenses related to a market manipulation scheme, of which include artificially inflating their portfolio from $1.5 billion to $35 billion. + +[You can read the DOJ press release here.](https://www.justice.gov/opa/pr/four-charged-connection-multibillion-dollar-collapse-archegos-capital-management) + +This isn't new. We now have a strong case that Archegos wasn't the only one artificially inflating their portfolio, and that Citadel has been likely doing something similar. + +Considering that Hwang was indicted and may virtually face a life sentence in prison, it wouldn't be a stretch to suggest that Ken Griffin could also face a life sentence is prison as well for artificially inflating his portfolio, if he were to be indicted by the DOJ as well. Every count for racketeering conspiracy carries a maximum potential sentence of 20 years. A couple counts for charges of racketeering conspiracy could already be enough to put Griffin in prison for the rest of his life. + +Citadel is under the DOJ probe, so hopefully the DOJ will be taking a closer look at these inconsistencies, ascertain whether or not Citadel has been cooking the books, and finally begin to potentially take action, such as making indictments, as they did with Archegos. + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +Final note: do NOT harass Edward Thorp. I repeat: do NOT harass him! This is primarily about Ken Griffin & Citadel. Edward Thorp is a good person, and was very helpful in this case. If it weren't for his testimony, none of this would've been possible. Don't make me regret sharing this information on SuperStonk and not solely with the DOJ. + +\------------------------------------------------------------------------------------------------------------------------------------------------ +Hi Apes, + +I found an irregularity to the news regarding the loss of Melvin. + +Now it is important that you use your own head. I'm just pointing out what I noticed. + +I would also like that you correct me at any time if I'm wrong. This is the most important part of this whole sub! + +&#x200B; + +This is all mere speculation and please again point out ANY flaws you can find! + +I assume that the news were planted. + +A really good write up on why was already posted by u/JustBeingPuny in [this](https://www.reddit.com/r/Superstonk/comments/mo038k/04102021_the_fud_news_on_melvin_stop_believing/) post. + +I want to add, that something on the upvotes is really off. + +Notice how both posts have a lot more upvotes than the rest? + +&#x200B; + +[43.1k hmm thats strange....](https://preview.redd.it/rdjpvsjt3es61.png?width=708&format=png&auto=webp&s=c9d8a10263aafb200c700a1a4a934fdbe48ef77b) + +&#x200B; + +&#x200B; + +[Same Message 24.0k upvotes](https://preview.redd.it/fai6cq934es61.png?width=705&format=png&auto=webp&s=dc4046cf8a9ccb9ea32d9d21c9c41e3fd0200763) + +Okay just compare this to our beloved news of u/rensole. + +&#x200B; + +[Around 10k upvotes on each](https://preview.redd.it/ah8cpdde4es61.png?width=1002&format=png&auto=webp&s=213be3e8e76501ced83e62eb8bc5a905541e62d5) + +Now let's take a look at u/atobitt + +&#x200B; + +[Around 20k Upvotes](https://preview.redd.it/zzedr7y25es61.png?width=844&format=png&auto=webp&s=c83c4e0acbd975306d9175d301ab7321c2bf6d9b) + +Notice here how the Everything short has 31k. However this was posted on GME and it was an important write up. + +&#x200B; + +Now let's take a look at u/WardenElite + +&#x200B; + +[Around 6 to 10k upvotes](https://preview.redd.it/wva57rbo6es61.png?width=1597&format=png&auto=webp&s=33a9c7082d42d7f61369ff6dbe6437bf1671ae6f) + +Now I am not calling out the users who posted the screenshots as shills because they might as well could have been just celebrating apes. + +However letting posts of reposts of some dumb internet article rise that fast is quite critical. There were no fact checks and there were no sources. Just those screenshots. I even saw some more of them. So please think about this with your cortex and not your amygdala! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +My opinion: + +I think it was planted and the hedgefunds might have found our Achilles heel of us. + +Celebrating and pushing *'seemingly good'* news on our beloved ape sub. Getting a lot of upvotes fast! + +Now this can be used in two things. + +Either pushing a narrative on us that is not the truth which will hurt us in the long run as they already did in the past. + +Or testing a way on how to diverge us from our lovely tendies. + +Now how exactly could this happen. Even when we do not do dates, there is seemingly a lot of hype for next week. This seems to me like they are trying a fake squeeze. I haven't followed up the exact margin calls but hopefully a more wrinkly brain could give them to me maybe? I can add them here as soon as possible. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Closing words: + +Apes we need to grow wrinkles fast! Think if something is wrong. Always think what kind of narrative they could pinpoint on us! + +Again correct me if I am mistaken!!! + +Apes cheers together! + +EDIT: I'm an ape I can't spell or write! (Spelling and Grammar) + +EDIT2: Stop giving me awards I just looked at upvotes nothing special. Give it to the real heros! + +EDIT3: Some apes have pointed out that news like that short and simple are just easier to digest, so rising up more easily. This might as well be the case just wanted to point it out! + +EDIT4: Alot of arguments against a fake squeeze is that institutions would be margin called along the way. This might be true. Can some wrinkle also write a DD about this? + +EDIT5: I want to express my Achilles heel argument a little more. *puts on tinfoil hat* If they can push such things and we dance to it then we are still their puppets. Then they can say Oh look they danced to it see this needs to be shut down. And the article that reddit says more to go is the best example of it. Simply some here commented that. And then suddenly we are being generalised into those few of us. If this was successful once it can be done again. + +EDIT6: Even the one who posted the Screenshot commented here and found it quite strange!!! +I read some of these posts that comment having a few million must be living life having butlers and servants with no worries. I am a multi-millionaire and make about $1M per year and I still am not worry-free when it comes to money. I have $1.5M in real estate assets and $3.4M in stocks (mostly index funds). I live in a modest house ($650k in Canada which may even be considered cheap). I have a 10-year-old car. We don't have a house cleaner or nanny. + +I try to spend money on family experiences and conveniences. My kids have many more activities and richer experiences than I ever had. We travel for vacation to interesting places, although we stay in modest hotels (3 star). One of my three children has a disability so I am always thinking about planning the future for him as it's unlikely he'll be able to live fully independently. + +I graduated as an engineer and started working at a Fortune 500 company and worked my way up the ladder. Along the way, I saved a ton of money and took field jobs that no one wanted to get higher pay. I bought my first real estate investment property at 23 yrs old and have been doing that on the side since then. I enjoyed life with activities but always was quite naturally cheap. Many of my friends made fun of me for barely using heat in my home and knowing the cheapest grocery items by calorie (not anymore). I became a millionaire at 29 years old. At around 35 yrs old, I got headhunted to a smaller company as an executive and started making much more money. Along the way, I got married and had three kids. Family life put a serious crimp on my deep savings, but it seemed like a reasonable compromise to have a family. I love kids. + +Life is comfortable, but not easy. Parenting three kids in a hands-on fashion isn't easier with more money. We choose not to use babysitters and nannies as we want to spend our time as parents. It's nice not to worry about money, but I am still naturally cheap. Lifestyle creep has certainly occurred, but I'd say most of my employees spend more money than me. We don't have designer clothes, shoes, or even that nice of things. We don't even have a TV or streaming services. Things just aren't important to us. Our house has plenty of IKEA furniture. + +I haven't retired mostly because I like my job. I find it very interesting. I considered retiring while my kids are young and then going back to work when they're older, but it's hard to give up a job that's paying $1M per year. + +I thought I'd share my story in case there was interest. Ask me questions and I'll do my best to answer. +Mine are: + +Youtube: +- Phil Town's Rule #1 Investing +- Value Investing with Sven Carlin +- Everything Money +- Hamish Hodder +- New Money +- Investing with Tom +- Stock Compounder - Brand Kaellner + +Podcasts: +- InvestED +- The Young Investors +- Value Investor +- The Acquirers podcast (may be 80% value) + + +Share yours below! +**Should I retire at 30 with $5M (today) or at 40 with $10M (in 10 years)?** + +Through 99% luck, 1% work, and living well below my means, I have reached $5 million USD, an amount that I never would have imagined ten years ago. + +Most of my teenage & early adult years have been focused solely on obtaining "traditional success" and money. This has been at the negative expense of fun, friendships, romantic relationships, & health. Throughout high school & college, I did not party or date. Instead, I stayed up late to spend hours studying/working in hopes of getting into that good college or landing that nice corporate job. This trend continued by working long hours to get that next promotion. + +My net worth is comprised of investing a significant % of W2 income & lucky gains in tech stocks (I will likely never replicate these gains in my lifetime) Current pay is 200k W2, working 60h per week. It would not be an exaggeration to say that I hate my job. I am burned out from the long hours and do not enjoy the office politics. I do not have any identity attachments with my role or industry. + +I believe I am in a unique position to walk away from it all. This free time would be spent on the things I've neglected most for most of my adult life (friendships, romantic relationships, health & fitness). **What would you do?** + +**Other info:** + +* Single, male, 30, based in US. +* If I retire now, I would spend 6 months in the States & 6 months slow traveling (living) in cheap countries. Even with the slim budget by fatfire standards, you'd be surprised how far money goes for nice modern 1 bedroom condos & eating out in cities like Bangkok, Taipei, Mexico City, HCMC, Lima, etc. The goal is not to simply save money by choosing these places. I genuinely enjoy visiting other countries, especially for food. +* My average spend the past few years has been about $30k/yr (only spend has been on rent, utilities, & groceries). I drive a 2009 Toyota. I plan to increase spending to $60k/yr immediately if I retire now. +* I'm comparing the $5M vs $10M decision based on the thought that even if I retired today with no additional income, $5M will grow to $10M with a CAGR of 7.18% over 10 years solely through market gains, by the time I reach 40. For easy math, I would retire with $5.6M (giving me 10 years of spending at $60k/year and leaving the $5M to potentially grow to $10M) +* Recently, I've had some health issues that had me questioning if my work would really matter to me or anyone when I am near death, whether that is soon or when I'm in 100 years old. + +[https://cagrcalculator.net/](https://cagrcalculator.net/) + +Most of my thoughts are pushing me towards retiring now at 30. I don't see the value of getting to $10M at this point in my life. I just want to be happy + +Please let me know your comments, thoughts, suggestions, etc. Any opinions either way will help me solidify my decision. Thank you so much for your time & input. + Whos lending all this money to governments. The USA has around 28 trillion dollars of debt. Surely someone has to be lending it to them. 7 trillion are held by foreign governments and sure the fed has some on its books but where is the rest coming from. Like the 100 richest peoples net worth sums up to around 4.2 trillion so even if they liquidated their wealth that still be no where near enough. This is just the USA and there's many more indebted governments. I have seen how Norway has it sovereign wealth fund but that is still just around 1.1 trillion. I'm confused. +It's always to hear stories of what members were up to as their careers developed. I'm curious what everyone was up to when they were in their late twenties / early thirties! +Someone today here asked why India doesn't transfer money directly to recipients like how the US does. I read a lot of answers and I think that India does transfer money directly to recipients. It is just that unlike a direct handout, it is made to look as though its a job under MGNREGA. + +However the details of MGNREGA is such that even if the government doesn't have a job for a rural person who is enrolled in the program, it needs to provide a certain amount of unemployment benefits for sure. + +MGNREGA in a way has been India's version of handouts for quite some time now. On a rural visit from my college, I saw participants of MGNREGA involving in activities like removing grass from the sideways etc. These don't necessarily add to the GDP in a significant manner but the rural people were getting their money nonetheless. + +I also think that the government has substantially hiked the allocation towards MGNREGA in the last budget because of the reverse migration from covid-19 pandemic. + +So, yeah, the government does dole out freebies and direct cash benefits in India. However, these are predominantly limited to the bottom 80-90% of the folks. If you're reading this, you're most likely in the top 10-20% of the folks in this country. +Tony Hsieh, the CEO of Zappos, died yesterday in a house fire at the ago of 47. This is just a few months after retiring in August. He had a net worth of $840M upon retirement. + +Hopefully this can serve as encouragement or a reminder to those that are hesitant to pull the trigger and enjoy what they've worked hard for over the years. You never know when something will happen to you. +Just as the title states I want to know if it’s actually possible to come from nothing and become wealthy I’m young And have plenty of years ahead of me to learn and master it before I go all in but was wondering if it’s actually possible to get to the 6 figures one day starting with a couple thousand I’d honestly even be happy with a good side income I just wanna hear y’all’s opinions on the matter! +What prevents unions (or other groups of employees) from pooling resources in order to buy enough stock to make board members vote to increase wages and other labor requests? +I know that it's a good idea to DCA into a low cost index fund as a portion of my portfolio, and that time in the market > timing the market. However, as someone with value investing mindset, I find it hard to convince myself to put any funds into index funds right now, as everything is so overpriced. Any thoughts? +Welcome to the **/r/EthTrader** Daily Discussion thread. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here. 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 +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +**[EXPERIMENTAL]** - 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 **/r/EthTrader** Daily Discussion thread. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here. 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 +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +**[EXPERIMENTAL]** - 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! + +Hello, + +So Ive recently started looking into dividends, Im still in uni so I don't have a huge amount of money to invest into dividends. + +From the research I have done so far, I gather that if you don't invest a big amount then you don't make a meaningful amount of money. + +Am i wrong? Is there a point in investing less than say 100 USD ? +*First published this on my newsletter Boring Money. Do visit the original link and subscribe if you like read this! I write about finance in India in a way that's fun and enjoyable but doesn't dumb down the subject matter. Finance can be fun!* + +[*https://boringmoney.substack.com/p/rbi-cbdc-erupee*](https://boringmoney.substack.com/p/rbi-cbdc-erupee) + +\-- + +A quirky aspect of modern financial systems is that it is incredibly difficult to hold cash as *cash*. Sure, you could withdraw ₹10,000 ($120) and keep it in your wallet. But make that ₹10 crores ($1.2 million) and the only acceptable way to store this cash is in shady suitcases. Possible, yes, but extremely inconvenient. + +The way modern financial systems work is that any money you deposit in your bank account is no longer *cash* but an obligation. From the bank to you. You’re really loaning money to your bank in return for which the bank pays you some interest. Your bank then uses your deposits to make loans to *its* customers and gets some interest from them. There is obviously a risk here, even if small. If the bank’s customers don’t pay back, your deposits could be at risk. Your bank *could* go bust. It’s the regulator’s, the RBI’s, job to ensure this doesn’t happen. And if it does happen, to figure a workaround—but it could definitely happen1 + +Which is why, in theory, money as deposits in your bank differs from cash in your hand. Physical cash is also an obligation—but from the RBI to you. Even if all banks went bust, RBI’s promise to you would still stand and you can get your money’s worth[2](https://boringmoney.substack.com/p/rbi-cbdc-erupee#footnote-2). + +All of this is fascinating but also pointless in any well-functioning financial system. Scheduled banks in India aren’t going bust overnight. And when they’ve done, the RBI has handled the situation [reasonably well](https://www.thehindu.com/business/Industry/yes-bank-in-rbi-bailout-sbi-to-pick-up-49-stake-for-2-450-crore/article61965997.ece) and customers [haven’t lost money](https://indianexpress.com/article/business/banking-and-finance/lakshmi-vilas-bank-depositors-money-safe-says-rbi-appointed-administrator-7056078/). For all practical purposes, having that digit show up in your bank account is as good as holding physical cash in your hand. Just a lot more convenient! + +If you’ve kept up with the news the last month and half, you’d know that the RBI is [now piloting ways to store ](https://economictimes.indiatimes.com/wealth/save/rbi-retail-digital-rupee-pilot-starts-on-december-1-can-you-use-e-rupee/articleshow/95906930.cms)[*cash* ](https://economictimes.indiatimes.com/wealth/save/rbi-retail-digital-rupee-pilot-starts-on-december-1-can-you-use-e-rupee/articleshow/95906930.cms)[digitally](https://economictimes.indiatimes.com/wealth/save/rbi-retail-digital-rupee-pilot-starts-on-december-1-can-you-use-e-rupee/articleshow/95906930.cms). It calls this the eRupee or e₹, a digital form of the rupee itself. This differs from money in your bank account in the manner that I described above. If you have ₹100 in your bank account and convert it to e₹100[3](https://boringmoney.substack.com/p/rbi-cbdc-erupee#footnote-3) this is what happens behind the scenes: + +1. Your bank opens its ledger and deletes its debt obligation to you (deposits are loans from you to the bank!) +2. The bank digs out its stash of eRupees that it’s stored on a hard disk somewhere. The RBI has given the bank “eRupees” just as it gives the bank physical rupees +3. Bank hands over the eRupees to you in your e-wallet! Just like it does with cash. The bank has nothing to do with your money now and your relationship is directly with the RBI, who has “printed” these eRupees + +Again, if you’re in a sound financial system, you don’t really care if you have cash or a debt obligation from a bank. The RBI is finding it difficult to answer why the eRupee is needed when nearly instantaneous digital payments already exist. From [Bloomberg Quint](https://www.bqprime.com/business/how-is-e-rupee-different-from-upi-rbi-explains): + +>The e-rupee, India's CBDC, will distinguish itself from the UPI in the way transactions move between two parties, according to RBI Governor Shaktikanta Das. While the UPI involves the movement of funds between two bank accounts, the CBDC will instead move funds from one party's wallet—on their mobile phone—to the other's, he said. +"There is no routing, and there is no intermediation by the bank," Das said during the press conference after the monetary policy announcement. While banks will issue the CBDC to the users, they won't be involved in the transaction, as opposed to the UPI, which requires the transmission of messages between the payment platforms and banks. +**"E-rupee is money. UPI is a payment method**," said Reserve Bank of India Deputy Governor T. Rabi Sankar. It's possible for two private parties to provide wallets, and money can move between those, he said, adding that it wouldn't be possible using the UPI. "We'll set up the base system, and then the private sector can innovate." + +“E-rupee is money. UPI is a payment method,”… umm, okay. If I’m waiting in line waiting to buy apple juice, should I care? + +**Incentives, utility, or neither?** + +If you’re a bank, what you care about most is getting your customers to deposit money (that is, loan you money). You pay them a small interest and in turn lend out money for a much higher interest rate. That’s your entire business model. Ideally, your customers would just put tons of money and let it sit there untouched. + +But that’s far from what customers want from banks—they also want to transfer money around to pay for stuff. Which is fine! If you make it easy and seamless for your customers to make and receive payments, it’s a good thing. Your customers will be moving money across banks but the money will be *inside* the system. If one of your customer is paying someone from another bank, then there’s another receiving money. At the end of the day it doesn’t matter because it evens out. The money’s in the system! + +With the eRupee, that changes. Customers can make payments back-and-forth without banks coming into the picture. This isn’t good for banks—they need those deposits to be in the system! + +But also, what’s in it for the customer? If I can buy my apple juice without visiting an ATM… that’s good enough for me? + +Something that keeps coming up when the RBI speaks about the benefits of the eRupee is that it will help with financial inclusion. The story goes that holding money digitally is good and convenient. But no matter how hard everyone tries a large chunk of India’s population wants little to do with banks and continues using cash. + +It’s hard to imagine a scenario where people who’ve been averse to bank accounts suddenly decide to lose their inhibition to technology and financial systems because… the money in your bank account is a debt obligation while the eRupee comes directly from the RBI. People who like cash like it *because* it’s not digital. Cash is nice to touch, feel, and hold. You can stash it in your wallet or inside your mattress, if that’s your thing. It’s not a number on your screen that can disappear with an accidental press of a button. + +Of course, others like cash not because it’s nice to hold but because it’s difficult to trace[4](https://boringmoney.substack.com/p/rbi-cbdc-erupee#footnote-4). I don’t even mean like terrorists and stuff. Small businesses love cash because it lets them get away from paying tax. Would the eRupee allow people to commit tax fraud? I feel that this is an important use-case that the RBI needs to replicate with the eRupee if it wants adoption. “Commit tax fraud, just do it digitally!” sounds like a good pitch[5](https://boringmoney.substack.com/p/rbi-cbdc-erupee#footnote-5). + +*If you liked reading this do visit the original link and subscribe!* [*https://boringmoney.substack.com/p/rbi-cbdc-erupee*](https://boringmoney.substack.com/p/rbi-cbdc-erupee) +I'M PAYING OFF MY MORTGAGE TODAY! + +I sold a nice chunk of my ICO ETH yesterday at $330 and now that the transfer is complete I'm sending it on to the mortgage company! + +I know that ETH has a long way to grow still. I know that the measly ROI I'll get by not having my mortgage doesn't make mathematical sense. I know that I could probably do better than my interest rate investing in plain old mutual funds. I know that I still have to pay insurance and property tax. I know that I will no longer have the interest deduction on my taxes. I know that ETH will probably shoot to the moon just as soon as the ACH to the mortgage company clears. + +**BUT** what I can't put a price on is the feeling of walking barefoot through my yard and knowing that every blade of grass, every ant hill and mole mound, every dead mouse in the walls, every shingle on the roof, and every single splinter of wood on the property are mine. + +It was very hard to let go of my precious ETH but you know what? The security and stability that this brings to my life is worth every penny of my $159 cost basis. Tonight when I get home from work I will turn my key in the lock of a 100% paid-off property. I think that it's fitting that I was able to do this during the "Homestead" release. + +----- + +**EDIT**: + +Wow, this blew up. More updoots than the daily?! I'm totally blown away by the reaction to this post. Thank you all for your kindness and encouragement - I honestly didn't expect it in quite the quantity that you're sending my way. My parents raised me well and I'm trying hard to respond to each of you and thank you for your kindness but I might miss some. If I do, I apologize. + +Some common questions have come up: + +**"How'd you get USD out?"** I used about a dozen transactions staggered over several days from my Ledger Nano S -> GDAX / Gemini -> Bank Account -> Mortgage company. It was all done via ACH and wires. + +**"Taxes?"** I kept track of each sale to USD, calculated my cost basis, and reserved back an additional ~20% on top of my payoff amount. I pay quarterly federal taxes and will send them a giant whack of cash (on a credit card so I get the Chase points!) in September. It's best to pay the capital gains in the same quarter in which you realized them. + +**"So that's it? You're out?"** No. I still have some ETH left that I'm hodling at least until POS. I believe in the technology. + +**"Lambo?"** No. Our neighborhood has speed bumps... Maybe an Aston when we moon. ;) + +**"Property taxes etc."** Yep. Cost of living in the USA... I like my roads, fire trucks, clean water, city parks, trash service, recycling service, and walking trails. :) +We, individual investors, are too busy to deeply assess different companies 24/7. That’s why I , personally, focus on only one sector. I chose the easiest sector out there, Consumer Defensive. Why Consumer Defensive? Because, I think, it’s the least impacted by the various macroenvironment factors, such as economic cycles and technological advances. To me, not losing money is more important than making big gains. I think this goes in-line with Buffett’s two rules of money (“Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1."). So, I avoid technology, no matter how tempting their growth prospects might be. Many great companies fell because of advances in technology, e.g., Polaroid, Kodak, Xerox, Netscape, Nokia, and Blackberry. Technologies are disrupted too often. When I buy a company, I intend to keep it forever to reap the benefits of the eighth wonder, compounding. That’s less probable with technology companies, in my opinion. So, who would invest in technology, then? Venture capitalists and professional investors, who are involved in investing, 24/7. Not me! I’m just a simple individual investor. I like companies, whose products or services people buy very often today, and are likely to still buy after 20 years. Those products/services should be least impacted by technological advances. That’s why I avoid technology. What about you? Do you avoid investing in technology? +Now, before I do this a disclaimer. + +&#x200B; + +Being a Mod is not always a great gig. + +We get dumb fuck mod mail questions, delete a ton of shit, summoned to pass judgement on your demented ramblings, keep a track of your outlandish bets and a whole bunch of other behind the scenes shit. + + +Sometimes though, we get something that makes it worthwhile. + + +This however, is most definitely not fucking that. This is a link to the sicko fuck [jizzy boy](https://www.reddit.com/r/ASX_Bets/comments/lcvvhr/did_someone_say_z1p_10_by_monday/gm2a7eb?utm_source=share&utm_medium=web2x&context=3) from the Z1P claim earlier. + + +I'm posting this then logging off for the evening, I need some time to process what I was just witness too.... + + +[only click this link after you read the disclaimer above, then still probably dont.](https://www.reddit.com/r/ASX_Bets/comments/lcvvhr/did_someone_say_z1p_10_by_monday/gmkgye5?utm_source=share&utm_medium=web2x&context=3) +What non-obvious habits or techniques have you used which helped you get ahead? + +I’ll share two of mine: + +1. Quiet thinking time. I would go on long walks or sit in a quiet room staring off into space to think through difficult problems. If you’ve seen the Queens Gambit, this is similar to how she would work out chess problems in her head while staring at the ceiling (minus the drugs lol). I’ve had some of my best ideas this way. + +2. Talking to Smart People. This is one of my frequent brainstorming steps. After identifying a challenging issue that my team can’t resolve, I ask who we might know that has experience in this area. For example - when trying to structure financing in a new way, I’ll reach out to people I know who have done similar deals. Many experts are willing to share detailed advice if you ask a targeted well-thought out question. I’ve been able to speak to many high achievers and two literal billionaires who were introduced to me through mutual acquaintances because they were experts on a topic and were willing to give advice. This is one of the main ways I use my professional network. + +What other techniques or habits have helped you fatFIRE? +Welcome to the twilight zone folks. If you don’t recall the 2017 bull run, then understand you’re in for a treat. With top 10 coins pumping wildly right now but BTC starting to flag in relation, the tide is about to come in and push all our favorite shitcoins to their absolute limit. + +**Saturna** is here in the **right place** and at the **right time** which is why it hit eight figures shortly after launching and looks on track to be the talk of BSC as the fastest growing token anyone’s seen. Seriously, beyond utility-based projects which never see this kind of growth, you’re talking about **a token that’s mooned faster than Hoge, SafeMOON, and Bonfire.** + +With an absolutely killer website, already a strong TG community, and achievements coming at holder-based intervals Saturna looks primed to blast off this week, making a **jump to a $100M** market cap reasonable from its **current BUY THE FUCKING DIP price of $6M.** + +I mean, **try to find another token that has experienced this much growth, this quickly,** and didn’t make a huge run within the first week. I’ll save your lazy ass the time, **there is none, flat out doesn’t exist**. Saturna is your big chance to actually be early on the next token to make the newsroom rounds so you can brag about how you weren’t just a first adopter to cryptocurrency, but knew where to find the best gains. + +Because while it’s hard to know in this wave of memecoins what’s for real and what’s dogshit, it’s hard to find an easier set of signals than what’s being presented with Saturna. With an **audit, listings, and major influencer campaigns** coming soon, this baby has barely begun to breathe. **10k holders is basically an inevitability at this trajectory,** which should easily stabilize this price point to an 8-figure mark. + +Listen to me, don’t, these things have a life of their own so the only thing up to you is whether you want to be a part of it. I’d check out the website first though, see the energy with the community, and **ask yourself what you’ll think if you see this at 100x next month.** + +📮 Telegram : [t.me/saturna\_TG](https://t.me/saturna_TG) + +🪐 Website : [saturna.co/](https://saturna.co/) + +📈 Chart : [charts.bogged.finance/?token=0x1e446CbEa52BAdeB614FBe4Ab7610F737995fB44](https://charts.bogged.finance/?token=0x1e446CbEa52BAdeB614FBe4Ab7610F737995fB44) + +🥞 PancakeSwap : [exchange.pancakeswap.finance/#/swap?outputCurrency=0x1e446CbEa52BAdeB614FBe4Ab7610F737995fB44](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x1e446CbEa52BAdeB614FBe4Ab7610F737995fB44) +Three years ago, at a government auction, I bought a "1/7th share" in an LLC that owned 84 acres of ag land. The price, on a "per acre" basis, was about 2k per acre and farm land sells for about 9-10k per acre, so I thought it was not very risky despite having zero liquidity. My 1/7th is equivalent to owning 12 acres, with zero involvement other than having to deposit a small dividend check around Christmas. + +The LLC was sibling owned and the 1/7th that I bought, was seized by the govt and sold to me at a mail-in-bid auction that no one attended. It was seized from a wayward brother who neglected his affairs and also pissed off all other siblings by the mess that he made. It was very difficult to figure out, based on the auction, what was actually being sold, so I am not that surprised that my bid was the only bid. + +It took a while, but the LLC finally accepted me as a LIMITED partner with economic rights, but zero management rights and no vote. I did not even hire any attorneys. I know that it is risky to me to be a minority partner with no management rights, but my share is only 1/7h out of 7 people, so I thought it would be more hassle for them to cheat me out of my money, than it would be to just treat me honestly. Kind of a risky bet but I thought the price was right. I frankly bought this share as a "forever" share to get dividends and to bequeath it to my kids. + +An LLC member made several overtures to me to sell my shares, but I always gently declined, being mindful not to piss them off as I said no. + +I never really thought of this ag land in any other way, but it turned out that it is a prime location because it is good flat land near a major interstate highway and connected to a good Class II truck route and nearby highway exit. This fact totally escaped my mind until the below happened, despite me owning a trucking business (!). + +Yesterday I received an email from their director that the land is being sold. Apparently, they received an offer from a very large national property developer who develops giant warehouses for a specific customer or speculatively. The purchase price is over $45,000 per acre (!) so I am set to receive about half a mil before taxes. The developer is well capitalized and knows what they are doing, and the city I am sure wants a big safe employer and big property tax payer instead of a soy field, so I would think that contingencies should not cancel the deal. + +Kind of really excited of possibly 20x timing my investment in just 3 years. + +I obviously have mixed feelings because, on the one hand, it worked out, and on the other, I really was mostly an idiot who did not even realize that something like this could ever happen. I understand that it is very tempting to think of myself as a genius and start making random RE moves, but I know that life does not work this way. + +Thanks for listening. +[Last year](https://www.reddit.com/r/fatFIRE/comments/mktqin/taking_a_sabbatical_wanted_to_thank_this_sub/) I posted to say I was about to take a year off work due to burnout. + +A year later, I’m calling it the best decision I’ve ever made. This is the “what happened” writeup. + +**The time off** + +The first month was pure elation. Having nothing to do _and that being the point_ was incredibly freeing. Around week six I took a quick break for a week of existential terror (“what am I doing??? why???”) but that passed. + +I spent the first three months aggressively doing nothing. Friends would ask “what are you doing in your time off?” and I’d say “nothing!” while laughing hysterically, and they’d look at me confused. But truly, I had no projects - I sat on my deck enjoying the sun, I went to visit friends on their lunch break, I cooked a lot. Not having things to do with my brain was incredible. That time was a cycle of “wow, I’ve never been this relaxed before! I didn’t realize I was so wound up!”, then discovering two weeks later that I was yet _more_ relaxed. It took about three months to unwind all the way to my actual baseline of contentedness. + +--- + +Earlier in the year my volatile on/off relationship of a couple of years had blown up again, and we decided to take some time apart. During the summer we did a _lot_ of digging through the bad stuff, and I took time to go deep and do some personal work. A change in therapist helped, but I know I wouldn’t have been able to do that kind of reflection if I’d been working. The “work stress of the week” would have distracted me from sitting with some difficult feelings. That process led me to a couple of much-needed breakthroughs around how I’ve viewed relationships my whole life. I am (or at least hope to be) a much better person for them. + +--- + +Around the four-month mark I started getting the do-something itch again. It was great to have the freedom to indulge my whims. Spend two months on an obviously idiotic programming project? Sure. Realize I’m hyperfocusing on it at the expense of my health and sanity and drop it without hesitation or guilt? Also sure. + +Around the seven-month mark I started getting the “OK, but what do I want to do with my life” itch. I found the book [Designing Your Life](https://www.goodreads.com/book/show/26046333-designing-your-life) had some useful prompts. You can ask and answer a lot of questions with some free time: + +* Do I want to go into climate tech? Fuck it, spend two weeks researching carbon capture. + +* Do I want to be a chef? Go volunteer at a meal prep charity and ask the head chef a lot of questions. + +* Quitting it all and starting a small farm sounds good. Or is that an escape fantasy? Read a lot about regenerative agriculture. + +--- + +**Back to work** + +In January I decided to go back into tech. This is admittedly an uninspired choice, but I did a lot of thinking about my career highlights and realized I don’t give a rat’s ass about the technical things: I care about developing people and orgs. I networked **hard** (uncomfortable at first) and through those discussions discovered I have A Very Particular Set Of Skills that make me a _huge_ asset in certain corners of the industry. I could have gotten _a_ job easily - the tech market has been nuts lately - but I wanted the _right_ job, so I aimed high and was very selective. + +The job search lasted four months and included some very disheartening rejections. But eventually the stars aligned and I landed a great role which will give me a chance to use my deep domain experience while scratching my people-building and org strategy itch. I have somehow sidestepped to another branch of the career ladder, got a promotion despite no formal experience, and doubled my TC. After receiving the offer on Friday I spent most of the evening repeating the words “holy shit” and making uncontrolled screaming noises. + +--- + +**Conclusions** + +Honestly… I nailed it. I did think I might change career entirely, but I'm experimenting with a more modest change that helps the FIRE number go up. My life is better in so many other ways that I’m willing to cut myself some slack for not finding my One True Calling yet. It is also possible that this career shift _is_ my One True Calling… we’ll see. + +A few other tidbits: + +- Two of my friends have negotiated reduced hours at work having seen me take time off. Another decided to take two months off between jobs. + +- Lost 15lbs and got into better shape. Still hate exercising. + +- My furnace broke a couple of weeks ago. Surprise five figure bills when your savings are almost exhausted are no fun. + +- Didn’t travel much. Too easy to drain a limited budget that way. I expect to travel more once I start work, now remote is an option. + +- Is any part of this fatFIRE? Certainly not numerically. But this sub has an attitude that trading money for things that make you happy is worth it, which was a definite influence. + +So, thanks fatFIRE. Probably wouldn't have done this without you. Happy for this to turn into an AMA if you have any questions. +Alright, I have been definitely on board the Medivolve train for weeks now, and it has been rough. A lot of you, like me are feeling super down... feeling like bagholders... or idiots... or whatever else we call our selves at night... + +**Well, I wanted to try to offer a bit of positivity and something that helped me PUT THINGS INTO PERSPECTIVE after today's close, and remind me why I am still holding this stock.** + +# CHECK IT OUT: [https://cdn-ceo-ca.s3.amazonaws.com/1g57vd0-MEDV%20comparison.pdf](https://cdn-ceo-ca.s3.amazonaws.com/1g57vd0-MEDV%20comparison.pdf) + +In this document you will see a comparison of MEDV (aka. COPRF) and pretty much every other COVID-style Health Play that I could find out there... In it, you will see I list the past two quarters of revenue for each company, plus their TTM... all info readily available on Yahoo Finance. At the top you will also see MEDV listed with their anticipated Q4 2020 and Q1 2021 Revenues, which are yet to be released. And before you complain that these numbers are over-estimated, realize that we confirmed today that in January and February alone MEDV made over $12 million USD... + +This really helped to put things into perspective to me, and it is a glimpse at how this company will stack up in terms of share price vs. revenues, compared to its competitors by the end of April when this info is official. + +Right now if you look up MEDV, just based on fundamentals availabe (ie. past revenues) it doesn't look good. You can see in the main list (which is organized by share price) that MEDV (with current Q3 + Q2 financials) is near the bottom of the pile... but take a look at what MEDV will look like by the end of April when we release our Q4 2020 and Q1 2021 financials... In comparison to the other stocks just based on revenues we would be 2nd from the top, above stocks currently in the $1 range. + +Now I don't know ALL of these stocks that well, I will admit that now. There are PLENTY of other factors that affect share price other than revenue. Many of these stocks have very different business models, reputations, long-term goals, etc... **But looking at this at least helped me to put things into perspective. Especially after today...** + +People don't know or maybe don't even believe that this company is making the money it is, and looking at a chart or current financials makes it look like an absolute dog. Plus, this stock has been getting naked shorted (legal in Canada - thx Canadian banks) by the pencil pushing losers at Anson Fund [(link)](https://www.reddit.com/r/BurnedByAnsonFunds/comments/m6iafe/a_long_list_of_anson_short_positionsgood_post_on/). PLUS, the faith in and reputation of this company has taken a beating... so the question is... + +# THE QUESTION IS... + +Can Q4 / Q1 financials or something else turn this around? Will this be enough to tip the scales and drive SP up? Or is there something else like a large government contract or approval of the BlowFISH tech that will come out of the woodwork in the coming days and months? I am betting yes (like I have an option at this point, lol), but I also think we are still in for some dark days ahead, sadly. + +I also understand ya'll who are going to come at me on this post to say I'm an idiot or shill or whatever else. You do you, I am just trying to share something that I feel gave me a bit of perspective today withother MEDV holders that feel the same. + +# LASTLY... [REGISTER](https://us02web.zoom.us/webinar/register/WN_tmyDKJWYQTGoviFFM1zq7Q) FOR UPCOMING MEDV WEBINAR: + +The company is doing a webinar on Tuesday, and a number of investors including myself have put together a list of questions that we expect answers to. [You can view it HERE](https://cdn-ceo-ca.s3.amazonaws.com/1g57fs5-MEDV%20INVESTOR%20QUESTIONS.pdf) and comment on this post if you have additional questions or comments to add. + +Please attend **NEXT WEEK'S WEBINAR** and let's see for ourself if Doug and Co. are ready to answer up, and if they have a solid plan for the future. + +REGISTER: [https://us02web.zoom.us/webinar/register/WN\_tmyDKJWYQTGoviFFM1zq7Q](https://us02web.zoom.us/webinar/register/WN_tmyDKJWYQTGoviFFM1zq7Q) +Alright, I have been definitely on board the Medivolve train for weeks now, and it has been rough. A lot of you, like me are feeling super down... feeling like bagholders... or idiots... or whatever else we call our selves at night... + +**Well, I wanted to try to offer a bit of positivity and something that helped me PUT THINGS INTO PERSPECTIVE after today's close, and remind me why I am still holding this stock.** + +# CHECK IT OUT: [https://cdn-ceo-ca.s3.amazonaws.com/1g57vd0-MEDV%20comparison.pdf](https://cdn-ceo-ca.s3.amazonaws.com/1g57vd0-MEDV%20comparison.pdf) + +In this document you will see a comparison of MEDV (aka. COPRF) and pretty much every other COVID-style Health Play that I could find out there... In it, you will see I list the past two quarters of revenue for each company, plus their TTM... all info readily available on Yahoo Finance. At the top you will also see MEDV listed with their anticipated Q4 2020 and Q1 2021 Revenues, which are yet to be released. And before you complain that these numbers are over-estimated, realize that we confirmed today that in January and February alone MEDV made over $12 million USD... + +This really helped to put things into perspective to me, and it is a glimpse at how this company will stack up in terms of share price vs. revenues, compared to its competitors by the end of April when this info is official. + +Right now if you look up MEDV, just based on fundamentals availabe (ie. past revenues) it doesn't look good. You can see in the main list (which is organized by share price) that MEDV (with current Q3 + Q2 financials) is near the bottom of the pile... but take a look at what MEDV will look like by the end of April when we release our Q4 2020 and Q1 2021 financials... In comparison to the other stocks just based on revenues we would be 2nd from the top, above stocks currently in the $1 range. + +Now I don't know ALL of these stocks that well, I will admit that now. There are PLENTY of other factors that affect share price other than revenue. Many of these stocks have very different business models, reputations, long-term goals, etc... **But looking at this at least helped me to put things into perspective. Especially after today...** + +People don't know or maybe don't even believe that this company is making the money it is, and looking at a chart or current financials makes it look like an absolute dog. Plus, this stock has been getting naked shorted (legal in Canada - thx Canadian banks) by the pencil pushing losers at Anson Fund [(link)](https://www.reddit.com/r/BurnedByAnsonFunds/comments/m6iafe/a_long_list_of_anson_short_positionsgood_post_on/). PLUS, the faith in and reputation of this company has taken a beating... so the question is... + +# THE QUESTION IS... + +Can Q4 / Q1 financials or something else turn this around? Will this be enough to tip the scales and drive SP up? Or is there something else like a large government contract or approval of the BlowFISH tech that will come out of the woodwork in the coming days and months? I am betting yes (like I have an option at this point, lol), but I also think we are still in for some dark days ahead, sadly. + +I also understand ya'll who are going to come at me on this post to say I'm an idiot or shill or whatever else. You do you, I am just trying to share something that I feel gave me a bit of perspective today withother MEDV holders that feel the same. + +# LASTLY... [REGISTER](https://us02web.zoom.us/webinar/register/WN_tmyDKJWYQTGoviFFM1zq7Q) FOR UPCOMING MEDV WEBINAR: + +The company is doing a webinar on Tuesday, and a number of investors including myself have put together a list of questions that we expect answers to. [You can view it HERE](https://cdn-ceo-ca.s3.amazonaws.com/1g57fs5-MEDV%20INVESTOR%20QUESTIONS.pdf) and comment on this post if you have additional questions or comments to add. + +Please attend **NEXT WEEK'S WEBINAR** and let's see for ourself if Doug and Co. are ready to answer up, and if they have a solid plan for the future. + +REGISTER: [https://us02web.zoom.us/webinar/register/WN\_tmyDKJWYQTGoviFFM1zq7Q](https://us02web.zoom.us/webinar/register/WN_tmyDKJWYQTGoviFFM1zq7Q) +As we are nearing the second quarter of 2021, I thought I would share some tips I made for myself that other noob traders might appreciate. I’ve been investing for less than 5 months and I’ve made TONS of mistakes already. Keep in mind i'm just a guy so this advice may not be perfect for you. + +1. **Due Diligence.** The only stocks I have regretted buying are stocks that I have done little to no due diligence on. Checking the revenue and net profit (at the bare minimum) can help explain the past performance and give insight on what the future holds. +2. **Where to find stocks?** I’ve seen 100 posts saying, “I have xxxx money what stocks should I buy?”. My favorite stocks can be found in the holdings of [Etfs](https://www.greedyrates.ca/blog/best-etfs-in-canada/) and this list of [Dividend aristocrats](https://www.moneysense.ca/save/investing/stocks/top-100-dividend-stocks/). No one is going to create a custom portfolio for you just because you asked plus, DIY is fun! +3. **DIVERSIFY.** Diversify your portfolio. Diversify where you get your news. Diversify who you take advice from. +4. **Spotting overvalued stocks.** If you start noticing hype on reddit and the stock is already up 50% jumping in now thinking you are getting in “early” is a bad idea. Do your DD from the sidelines and more often than not you will be glad you did. If you feel pressured into buying a stock wait until the market closes to re-evaluate. Some rocket ships are better to watch from the sideline anyways. +5. **Be skeptical.** People will always say that we are in a bubble, that we are in a debt crisis or that the end of the economy is among us. It’s hard to tell as a beginner because even the experts have a hard time telling what’s going to happen. Always take what people say with a grain of salt and keep in mind they have their own agenda. Have a plan for when the market goes up and when it goes down. +6. **Stay in your lane.** It is demotivating to see posts like “I’m an 18-year-old who’s saved 150k from working part time at cineplex, just thought I’d share that my 150k portfolio has gone up 300%” or “My portfolio has gone up by 900% but I don’t know how TFSA contribution room works?”. Set yourself reasonable goals, keep in mind a 2% gain a year is better than most savings accounts. + +Have a nice day folks. + +\-*Blackfrancis22* +&#x200B; + +I have always had a lifelong goal of $10 Million net worth, that I told myself once(if ever) I reach it, it would be enough and I would retire. Just this year, I have finally reached this goal. It came a bit sooner than I thought. As I begin planning my early retirement, I came across the term FATFIRE, and realized this is exactly what I have been doing without knowing. I am happy to find this community! + +&#x200B; + +My current situation: I am 33, with a wife age 30, with 3 kids age 1-5. We have just reached a net worth of $10 million Canadian, equivalent to $8 million USD.(All currency values onward will be in Canadian since that's where we are). Our main holdings include our house valued at 4M, with 2M mortgage; 7 other rentals total valued at 6M with 2M mortgage, and a savings of 4M invested in stocks & etfs in a various of accounts. I still holds 100% ownership of my company, which now generates around 100k/month for me, but I expect that earning to eventually die down with me going into retirement, hence I am not consider it to be part of my net worth. Other personal items such as cars, pianos, jewelleries, etc probably will have another few hundred K of value, but since they are depreciable assets I do not consider them part of my net worth. + +&#x200B; + +I feel very fortunate being able to get to where I am, and will share my story here. I think it's an interesting one, and can be replicated by smart young people. I am also hoping to get some advices from veteran FATFIRE friends about what to do and how to live after retirement. + +&#x200B; + +MY STORY: + +My parents were working professionals in a developing country. We immigrated to Canada 20 years ago. Back then, their biggest reason for immigration was to provide a better life for me. When we first came, my parents brought $20,000 with them, which was their lifetime savings. Life was hard back then for me as a teenager. We lived in a basement rental, and didn't have a car for many years. It was all the way after I went to university that my parents finally saved enough to put a down payment on a house. + +&#x200B; + +As a kid, I was pretty smart, not as hard working, but did manage to get good grades. I got into computer science program in a good university in Canada. I was not the best student in university, but did manage to graduate in 2010 with a degree in computer science, and a brand new software engineer was made. + +&#x200B; + +I got a decent job after graduation, with a pay of $60k/year. It was a lot less than what people in FAANG make in SF, but it was good for my area at that time. However, half year in, with a bit of money saved up, I had a "GREAT" idea for a business and decide to quit and form my first start-up. Long story short, I worked my ass off and it did not work out. By end of 2011, I decided to end the start up and go find a job again. This venture made me lose all my savings from my first job and my intership earnings back when I was in school. It also tought me a lot of valuable lessons. + +&#x200B; + +I went back to work as a software engineer early 2012. Though the start up failed, the experience I gained from it did allow me to get a boost in salary. At my new job I now make $80k/year. It's a good job at a good company, but I was still thinking of starting something on my own. Remember, I had always had the $10M dream, and I know I will never get there if I keep working for others. + +&#x200B; + +This time however, with the lessons I learned from my 1st start up, I re-evaluated myself and set up new rules. For one thing, I realized though I am a great learner of technical skills, I have poor social skills, and poor leadership skills. So I had to find something that would fit me. I set up several rules for my new venture. I think it's with these rules, that I did manage to make my second company a success, at least for myself. + +1 - I will not quite my job until my new business makes enough money + +2 - There should not be any over-head cost (since I lost all my savings already) + +3 - I need to be able to do this alone. + +&#x200B; + +It took me around half a year to figure out what would fit into this type of business, and I decided to go into mobile gaming development in the 2nd half of 2012. Even though I had been a software engineer, I had only been working websites until that point, and had no idea how to program mobile, but I did manage to learn on my spare time bit by bit. Turns out it wasn't that hard. This became the perfect business for me. I would work during the day at my job, and during evenings and weekends I would learn and make small mobile games. It costed me nothing except time, plus a computer and a phone that I already have. + +&#x200B; + +By end of 2012, I had finished and published my first game. I completely avoided my disadvantages, which is talking/leading people, and used my advantages to the max, which is learning new things, such as mobile coding, and graphic designs. I think I was also very good at identifying markets, such as what game people might like, etc. + +&#x200B; + +When I launched my first game, it was not a hit. However, it did generate revenue, which gave me a lot of hope! With the release of my first game, I started earning around $3-$5 dollars per day from Ads and In-App purchases. Not a lot right? Not even enough for lunch, but I realized that this business could work! For one thing, it costed me nothing except some time, and the business is already generating profit! How many tech companies can do that in a year?! And with this experience, I know I can do better by making better games. + +&#x200B; + +I continue to work during evenings and weekends coming up with new ideas and making new games. I got to say, it was a tough time back then. I must have been working for 100 hours a week for months. But I had my goal in mind, and when you are determined, you really get stuff done. By March of 2013, I had managed to publish 5 games, each better than the previous one, and by April, I was earning $200-$300/day from my games, start to surpass my salary from my job! + +&#x200B; + +I quit my job May 2013 to work full time at game development. In the year followed, I created several dozen small games. By end of 2013, I had a net worth of around 200K, and I put down 60K of it as a deposit for a $1M pre-construction house closing in 2015. That was my first real estate investment. + +&#x200B; + +There were a lot of ups and downs running my own company. I had never hired anyone all to this day (except pay salary to my wife for tax purposes). In the first few years, I relied on game quality and word-of-mouth to promote my games. App platforms also like to promote newly released games, which was great for me. This way, I spent $0 on advertising and pretty much kept every dollar I earned. However, it wasn't smooth sailing. There are times where the earnings drop for reasons out of my control, there was one time I was threatened with a copyright lawsuit, and other troubles. They did cause me to abandon my game company twice, once in early 2015 to start another tech start up with 3 other people (failed), and learning and getting licensed as a real-estate agent in late 2016 (license obtained then abandoned). + +&#x200B; + +Back to my net worth. By late 2015 when my first house closed, I had made around $600K via my gaming company. Also the house I purchased in 2013 went up in value by $500K with crazy hot market. This put me into the millionaire category. Also in 2015, I married my wife and had our first kid. My wife came from a similar family backgrounds as myself - working parents. We met in university and she studied education. She worked part-time for 2 years after graduating in 2013, and has been staying home taking care of our kids full time since we got married. + +&#x200B; + +It took me a bit over 5 years to go from $1M net worth to $10M net worth. + +In 2016, I used all my savings from the company, around $400K after paying the downpayment of our first house, to purchase rental properties. In one year, I bought 4 properties with value totalling $2M with 20% down. In 2017, I used my new earnings to purchase 2 more properties in a different city with value totalling $800K with around 30% down. + +&#x200B; + +In 2018, I switched strategy for my gaming company. By learning what other gaming studios were doing, I began focus on paid advertising of my games. I started to use all my earnings as ad spending to acquire more users, and get more earnings. I executed this strategy pretty well, and managed to grow my company's net income to over $1M/Year for 2018, 2019 & 2020. + +&#x200B; + +In 2019, I Purchased a new house for our family for around $3M, with mortgage of course. It's a pretty big one. 11000sf including basement. I also started to focus more on stock investing. Since I have a tech background, other than the main S&P index, I invest heavily in Tech companies and ETFs. However, I never go on margin with stocks just to be safe. + +&#x200B; + +2020 was a pretty good year for my net worth, despite what happened with the world. Stock market, Real Estate Market, as well as my gaming company's earning took off with a blast. Now, in April 2021 I realized I have done it. I have amassed a net worth of $10 million! + +&#x200B; + +To get to this point, it took me: 11 years after graduation; starting 3 companies with 2 failed; running my mobile gaming company for 8 years; created almost 200 mobile games; never hired an employee; Bought 8 houses along the way; Learning to invest in the stock market; + +&#x200B; + +I think to get to $10M, my company contributed \~5M, real estate appreciation contributed \~4M and my stock gains contributed \~1M. However, with out my company, I would never had money to invest in the other two. + +&#x200B; + +That's my story! Thanks for reading all the way to here. I hope my story has been an interesting read for you! + +&#x200B; + +For veteran FATFIRE friends, I am looking for your advice: + +My plan now is to retire. I will still have my earnings from my gaming company for a good while. However, I know if I stop making new games/ads, the earnings will eventually die down. I am hoping to get another $1-2M from my company in the next few years without me doing anything. I know, it could be a waste of a good company if I just let it run its course, but I feel like I have made enough to have a happy life. + +&#x200B; + +I am weighted pretty heavily in real-estate, and have a pretty large portion in my principle residence. I feel that having a large principle residence is probably not a good idea in US, but in Canada, gains from principle residence is 100% tax exempted. My hope is to live here until my kids are all grown up and moved out. At that point, I would be able to downsize to a smaller house with my wife, and get all the gains from my residence out tax free. I also have 7 other properties, the good news is they are all cash-flow positive now. However, I do wish to diversify more, since all properties are in Canada and not too far from each other. My thought is to refinance some of the houses while the interest is low now a days, and move those freed up cash into stock markets. + +&#x200B; + +I am currently planning to spend 3% each year just to be safe. To be honest, so far we have never even come close to spending $300K/year pre-taxed as a family. Can anyone help me figure out what would be a good way to plan a budget of $300K/year for a family like ours? + +&#x200B; + +For Younger people who are looking to FATFIRE. + +I hope my story inspires you in some way. Personally I think I have managed to get to $10M in a pretty short time period without a lot of stress. Now looking back at my life, I have missed a lot of opportunities as well. For one thing, all the way until 2019, I had most of my money in a bank account or some sort of GIC savings with very low interest. (Except the money that had went into real estate). If I had been investing those money in the stock market since 2013, with all other things being equal, I would be able to hit 10M at least 2 years earlier. + +&#x200B; + +Feel free to reach out for questions, and may be you can use my story as a guide to a similar success. + +&#x200B; + +Thanks everyone! and Thanks for creating a great community for FATFIRE! Let the life long vacation begin! + +Edit: Regarding future of my company. I think as I transition into retirement, I will still do my best to maintain my existing apps and continue their UA and Monetization strategy. This way. I will get the full value out of them. However, I would stop the more time consuming part of the business, which is identifying new trends and making new apps. I think by only doing maintenance of existing apps, I can cut my work hours to 10/week. A lot less than the hours I have been putting into in the past. + +Edit: Regarding people saying it’s impossible now to get into mobile gaming. I can say for a fact it’s still very possible via 1 of 2 routes: 1) submit game to large hyper casual publishers, all of them are actively seeking new games to test out. as long as you spend the time and make quality games, they test for you at no cost and buy them out if they works for 500K-1M each 2) test games yourself. An ad budget of $200-$500 dollars is enough to tell if a concept works or not. If you get excellent initial stats, then you can improve,advertise, recoup expense via earnings, and repeat with gradual larger budget. However, getting the right game concept and make it perfectly, that’s the hard part. But if you can make an amazing game, you will be able to convert that into profit for sure. +In principle, any rational investor should be economically motivated to buy and contribute to triggering the MOASS - small retail investors and big whales alike. + +Big whales have more power however, as they can: + +1. Make sure the transaction goes through lit exchanges, avoiding undesirable manipulations. +2. Contribute directly to price movements that may help trigger the MOASS. + +One could also think about reasons why big whales may want to avoid this: + +* If the MOASS is financially catastrophic, they may prefer not be part of what caused the catastrophe. This is however a weak argument because the real cause is not the buyer but the short-seller, and if one whale chooses not to do it, another one might. Also, if the catastrophe is imminent, taking part in the MOASS can be a lifesaver. +* There is an implicit threat to anyone in the financial world who dares to play against the big boys. This is likely, actually, as big finance is all about connections after all. However, this shouldn't stop disconnected whales from foreign countries or new risk-loving funds with capital and no reputation to lose. + +What do you think? Why don't we see big whales jumping on board? Or do you think they are actually here but somehow their presence and impact is unnoticeable? + +\* \* \* + +Edit 1: the downvotes indicate that either shills don't want us to debate this or that we are not open to debating. + +Edit 2: this evolved into a very interesting discussion, and several comments have raised valid points I was not aware of. Truly a learning experience. Feels amazing to be part of Superstonk not only because of the amazing company GME is or because of how we follow the path towards the MOASS, but also because of the **friendly Superstonkers who are willing to share their knowledge**. Extremely engaging, thank you very much. +Sup apes, (refer to edit 8 for updated downside target, i looked at my levels wrong, and want you to have accurate information) + +hooooollllyyyy fuck what a day + +Lower your pitchforks please, I know we broke below the "impossible" 219. First of all, this isn't financial advice, I'm quite literally retarded and use crayons to predict where a stock will go. + +Here's yesterday's prediction if you missed it: [https://www.reddit.com/r/Superstonk/comments/nw84nw/elliot\_waves\_and\_gme\_why\_tomorrow\_should\_be/](https://www.reddit.com/r/Superstonk/comments/nw84nw/elliot_waves_and_gme_why_tomorrow_should_be/) + +Buckle up, this isn't gonna be short, I'm going super in depth for you guys cause I've never been more jacked... + +I'm not gonna lie, the drop caught me off guard a bit, but its because I wasn't looking big enough... Here's a view of my previous charting, where you can visualize the "cycle" waves with the white lines (SS from yesterday as I already drew new waves): + +&amp;#x200B; + +[previous wave cycle deemed invalid](https://preview.redd.it/nu57b3620i471.png?width=2130&amp;format=png&amp;auto=webp&amp;s=b2d4faafbe982b59a78faca5802787a3dfc3abe9) + +So why am I excited? Originally I was looking at the previous movements as cycle movements, where i thought the move from our low on 3/24 (last earnings) was a 5 wave CYCLE, but todays price action showed be that that whole move to 344 was actually just a wave 1 within that cycle, and today was wave 2..... completed... + +wave 3 is the longest and most explosive wave of the 5, and were about to fucking start it... + +So how do we verify all of this? First of all, really quick, here are basic EW rules (just inserting a screenshot from wikipedia cause It's way better than my explanation) + +&amp;#x200B; + +[RULES](https://preview.redd.it/yxm65lyh0i471.png?width=2222&amp;format=png&amp;auto=webp&amp;s=884987dc185e8d149c5a10e5af5cccff290c7b8d) + +I want you to look at wave 4 specifically, as this is why I am redrawing. notice how 4 can't retrace into the territory of 1? Well the top of my previous 1 was at 218.93, which is why I said it should theoretically be impossible to break below this. HOWEVER, since we did indeed break below (hit a low of 211), this invalidates that wave structure, forcing me to tHiNk OuTsIdE tHe bOx here... + + +Just so you know, the price targets I outlined (to the upside at least) are invalid now, as I had to redraw the cycle set. that being said, the new price targets to the upside are so fucking juicy you might just kiss me... + +&amp;#x200B; + +Also, I'm gonna be referencing the rules of the waves pretty frequently in this post, so feel free to reference the rules above\^ + +&amp;#x200B; + +Try not to get too jacked, this is just the 3rd cycle wave illustrated, just take a look... + +&amp;#x200B; + +[you done fucked up kenny g](https://preview.redd.it/79c7helw0i471.png?width=2790&amp;format=png&amp;auto=webp&amp;s=c45f3505b373416fd1992e055b4997f8bfcab086) + +I believe that Gamestop did indeed start their 5m share offering today, or at least some of it, but im not gonna speculate on that, I'm just the waves guy. So how can we confirm that today was a cycle 2? Let's take a look... + +Remember how wave 2 targets 61.8% of the entire wave 1 right? Here are the fib targets from the bottom to the top of my newly drawn cycle 1: + +[for reference, the 61.8 level here is 213.24](https://preview.redd.it/417c93wi2i471.png?width=2794&amp;format=png&amp;auto=webp&amp;s=48a2bb785c13520bf97359d8dd7684b8f97d7d33) + +BAM!!! WAVE 2 CONFIRMED! Now refer back to EW rules, or if you're a good ape and did your homework, you already know that wave 3 can't be the shortest wave, and often is the longest and most powerful of the 5 wave impulse... + +So, assuming that 213 is the bottom of our cycle 2 (pretty confident in this, possible we retrace to 177.51 **but super fucking unlikely imo,** given the nature of the bounce at 213) + +Okay, so wave 3 can't be the shortest, what happens if it doesn't hit the 1.618:1 target? (in this case it is 586.1) + +It has to hit, at the minimum 1:1 of wave 1. If it doesn't reach this target, the wave is not finished. This means **at the very minimum**, this cycle 3 should target 442.83. + +&amp;#x200B; + +[100, 123.6, and 161.8 are initial targets, could go even higher depending on wtf happens](https://preview.redd.it/t86shmnn6i471.png?width=654&amp;format=png&amp;auto=webp&amp;s=13ad3017df11e41b39a1ad5084140e4e8766f0a1) + +Do note though, these are CYCLE targets, I am in no way saying that we will see 442 or 586 tomorrow, BUT these are the bigger targets to watch for as of now. To give more precise targets for the waves within this cycle (intermediate, minor etc) I will need for at least an intermediate "1" to complete, so likely by tomorrow I'll be able to pinpoint more precise intraday/daily/weekly targets for your viewing (and buying) pleasure. + +disregarding EW, another reason why I'm excited about today's drop is a GAP UP from 6/1. If you've been following me for a while, I always point out gaps, and their significance. You can visualize the gap below by the green box. + +[GAP](https://preview.redd.it/bb0kpyqw3i471.png?width=2794&amp;format=png&amp;auto=webp&amp;s=b7367e92992e4f1dbad19092a6f1fe92de6ddd77) + +If you've been following me since march, this is how I was able to predict the 350 to 180 drop, but that was before I knew EW theory. now that this gap is filled (we have one on the daily chart as well that was also filled today, doesn't matter as much as that "gap" only appears on the daily, meaning the price action filled the areas in the after hours/pre market. We can determine this by looking on a 4hr chart. You can compare the daily and the 4hr below: + +&amp;#x200B; + +&amp;#x200B; + +[daily](https://preview.redd.it/q2bt447d4i471.png?width=2752&amp;format=png&amp;auto=webp&amp;s=805569daf92319355a1190fba0504fe6cda49a3a) + +[4hr](https://preview.redd.it/dwdne3qe4i471.png?width=2800&amp;format=png&amp;auto=webp&amp;s=5eda9a0e497aba537505f5decc7df9d34cba5bba) + +See the difference? + +Anyways, not too significant, just worth noting. In any scenario, a gap fill is a great indicator to switch direction and play the reversal. + +alright, you should be jacked now. Not only do we (appear) to have confirmation of cycle wave 2 completion (61.8% of wave 1), but this newly drawn cycle fits into my super cycle target a lotttttt better... + +for reference, my super cycle is visualized by the yellow lines. Given that this is the beginning of our 3, the price targets seem to line up a lot better with the original super cycle drawing... If anything, the super cycle wave 3 will finish even higher than initially predicted: + +&amp;#x200B; + +&amp;#x200B; + +[jacked to da max](https://preview.redd.it/9xbm9nb35i471.png?width=2674&amp;format=png&amp;auto=webp&amp;s=a07e92c36d8cd41568a81da81df48613946ee1b7) + +I dont even really trade technical patterns anymore, but I couldn't ignore this beautiful cup and handle forming... + +&amp;#x200B; + +[checks out](https://preview.redd.it/hejg8rxc5i471.png?width=640&amp;format=png&amp;auto=webp&amp;s=5bed0a39da33eb7aac0d330d6befd921b757e3cd) + +This lines up with the wave 2 bottom, cup and handle patterns are very bullish, bias confirmed. + +If you want me to update this post tomorrow in real time let me know, I had fun nonetheless, it was cool adapting in real time and reconstructing an analysis. I feel super privileged to be learning this theory on such an erratic situation, and to all the haters, you can't argue with human nature. This shit works. + +Oki I think I'm done. Thanks for trusting me and giving me a platform to try and spread a skill I've been trying to put into action. I'm no expert by any means, to be completely honest I've only been studying this theory for about 3 months, and am nowhere near an expert. + +TLDR: 213 looks like the very bottom, hard to deny that today was a cycle wave 2. It was rough to watch, but when you take a step back and look at where we are, it's really hard not to be bullish. I have trader friends that absolutely hate GME and have zero faith in it, even they said they're buying today...Buckle up my friends, we all know what happened after the last earnings call... to be completely honest, if price action is as similar to march 25 (which mind you was also the bottom of a "2") tomorrow should be face ripping 🚀 + +BUY AND HODL!!! I emptied the rest of my ammo in at 238 today and couldn't be more jacked! + +Edit: holy shit I made the front page of all of Reddit… thank you all so much for the love ❤️❤️ to the fucking moon 🚀 + +Edit 2: great comment by u/ricecooker8055BH + +“((1)) Apr13 low 132=>((2))=>((3))=>((4))=>((5)) Jun8 hi 344 ==> MINUTE ((i)) + +The drop from Jun8 hi 344 to Jun10 low 211 ==> MINUTE ((i)) + +The next wave MINUTE ((iii)) is considerably/extremely bullish. + +Why? + +Elliottician dream is to identify this wave known as THIRD OF THIRD IMPULSIVE RALLY (within MINOR WAVE 3). This is the DEADLY TSUNAMI WAVE that hit Sumatra, Indonesia; Phuket, Thailand in 2004 and Fukushima, Japan 2011. You don't want to go against this KILLER WAVE. + +There will be a lot of ARCHEGOS body bag when this unfold. Really? Based on DD we read, and with the measured objective 555/766/978, I don't know how many HF can survive it if MARGIE CALLING. + +What's gonna trigger it? Probably SEC, DTC I don't know. + +I know it's confusing...LONG STORY SHORT...this is fking BUUUUULLISH! BUY&HOLD 💎🙌🏻🦍💪🏻 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀” + +edit 3: Morning, looks like I was correct in this analysis, 213 does seem to be the bottom of our cycle 2... confirmation in that alone is enough for me to be happy with today.I'm still waiting for a bigger intermedia movement to really have an idea of the targets, but based off this mornings price action, this is what I'm watching as of now: https://imgur.com/auYvUMj also thank you all so much for the support on this post, really does mean the world <3 + +edit 4: lol im literally dead broke, but i deposited another $80 into my TD (i hold xxx on fidelity, only x on td) to buy my last (till i get paid) share at 231... these prices won't last! + +edit 5: I feel like there were a few misconceptions from my post, first of all, In no way do i expect to hit 500+ today. The targets outlined are CYCLE 3 targets, but I haven't seen enough movement to draft intermediate waves and so on... ALL I CARE ABOUT is that 213 is the bottom of wave 3 (within 3 within 3, uber bullish), that in itself is huge. + +Edit 6: there’s no truer pain than watching your favorite stock dip and not having liquid funds to buy the dip 🥲 give em hell for me + +edit 7: about to hit the gym, probably not gonna update for a bit... we seem to be holding above 213, though for clarify, if we do happen to break below, its not the end of the world by any means. EW theory here is valid so long as we dont drop below like 110 ish (bottom of cycle 1) in this subset, so anything under 213 would be ideal to buy.making an ASSUMPTION here in that GME isn't done with their 5m offering (I believe i read somewhere the offering has to be under 255/share? someone correct me if im wrong)... Just remember that every short piling onto this mess is gonna get squeezed out very, very soon. Technical indicators are probably gonna trigger algo buys soon, as we are nearing oversold territory + +edit 8: holy fuck, just another reason why you shouldn't listen to me, im so retarded (I was probably high in all honesty) when I wrote this and i looked at my fibs as 213 being the 61.8 level to watch... but i am retarded... the proper level is 201... so keep a strong eye on that for a bounce: https://imgur.com/dmywYOA (okay now im acc leaving, the TA wasn't sitting right with me so i took a closer look, and voila... user error smh. Sorry for confusion, I'm just an ape (look CLOSELY at how the retracemnt is drawn, from the low on 3/24 to the high on 6/8... these are the PROPER ratios to reference, Irdk how I missed that yesterday +The latest COVID-19 Relief Bill allows the first $10,200 of UI to be nontaxable. + +For those who have filed already, you might have to amend your return to account for the non taxable unemployment benefits. +The big boys have been making some very strange investments lately. Things out of the ordinary. Bill Gates is now the largest owner of farm land in the US. Warren Buffet who has traditionally avoided gold and silver just bought over 500 million dollars in gold. One of his fathers biggest lessons to him growing up in the depression was have Tangible assets. Elon musk invested heavily in Bitcoin which goes up when the market goes down. Even at 5 year lows hedge funds are shorting stocks. I know we all expect turblance in the market coming out of this pandemic. Did we really see the bottom in March though? With the m1 money supply skyrocketing and no end in sight. It seems like the plan is print our way out. With price gouging laws and national pandemic declaration, it would be illegal to adjust pricing on most goods until after the pandemic is lifted. Like gasoline and water during a hurricane. Stores can't adjust the price even if the demand is outpacing supply. Things we have seen increasing in price are things like used cars (up 10%,) houses (up 8.8%,) which wouldn't fall under that pandemic protection. + +Pandemic protection aside. The money supply is going crazy. Inflation seems to be massive in some sectors and non exsistant in others. But it's mostly in open parts of the economy the inflation is happening. More money chasing less goods. The market is still volatile and personally I don't think we've seen the worst of the lows yet. I think once the pandemic is over and the money printing slows (2 years is my guess) we'll see massive spikes in the cost of goods that will rock the middel class to the point where they are subsistence living on 60k. $15 minimum wage will be worth less or the same as the current $7.25. This means almost no money spent on luxuries and companies failing. They can't just double everyone's salary while also loosing a giant portion of sales. + +Maybe I'm overthinking it? It just seems like the upper crust of society who generally have friends in the know about big events, like congress selling off stocks after the corona pandemic meeting and right before announcing lockdowns (insider trading.) With billionaires buying recession proof assets and professional traders shorting the market at higher then normal rates, It seems like a giant dip + inflation that will be felt by all walks of life is coming in the future. + +Edit: I'm riding the bubble to the top to make some money in the mean time. Still I don't see it lasting over 2 years. I think the bottom on this one will be worse then 08, and that rivalled the depression. Massive Inflation (not hyper inflation) plus a crash in the market would absolutely decimate the economy. Both would be damaging alone but combined I can see real potential for something worse then the depression. + +What are you're thoughts on these odd asset purchases by the wealthy? What are your thoughts on the money supply and inflation? What are your thoughts on a second big crash like March 2020? Criticism is welcomed. But don't forget. Everyone who said the sky was falling in 08 was laughed at by their colleagues on wall st. They were the only ones who made money in the end. +Hello everyone. I am a Spanish guy of almost 40 years who has been living outside of Spain for a few years. For some time I have been thinking about the idea of ​​retiring early and returning home at some point, living mainly by managing the money I have been saving over the years. Since this idea has been around my head I have done many calculations, at first with excel templates that I created myself and then searching among the online calculators that exist, but I never found the calculator that had everything I needed. + +My main hobby is web design, so I decided to make my own early retirement calculator. At the beginning it was something very basic but I continue adding more and more things. Its main advantage is that it allows you to add as many incomes, expenses and investments as you want, and each of these with its own start and end date, as well as its annual increases, inflation and return (fixed or replica of historical values ​​of the SP500, Dow Jones, Nasdaq etc). + +Once you have filled the data, the website generates a report with some graphs and tables, where the info is divided year after year (capture: [https://thefire.site/cdn/images/report.png](https://thefire.site/cdn/images/report.png)). In this way you can see if your retirement plan allows you to reach the end of your days in a good way or if you run out of savings along the way. As there are many years, the website allows you to show, if you wish, the amounts discounting inflation (reaching 85 years with a million euros may sound very good, but a million euros in 40 or 50 years will not be so great). + +And well, this is a bit of the idea, I would love if you can take a look at it and tell me what you think and what extra things could be added to improve it. The address is [https://thefire.site](https://thefire.site/) . Please notice that at the top there is a link to an example I have prepared, a married couple investing in real estate. You can take a look at it to see all the possibilities of the calculator. + +Once the report is generated, you have the option to save it (otherwise the data is automatically deleted). This will generate a unique URL for you that you can bookmark so you can return to the report whenever you want. You also have the option to generate a URL to share (in this case people will be able to see the report but not modify it) and the option to duplicate the report (in case, for example, you want to have an optimistic and a pessimistic version of your retirement plan) . + +I'm sorry for the length of the post and I hope you like it and find it useful. +I'm going to start with an example to make it very clear what I mean. + +I opened a FB 190p 4/8 a couple weeks ago for a premium of $450. + +If I ultimately decided that I don't want to take assignment, I can "roll" as people in this sub have regularly suggested. + +Right now, with FB at $188 and a little over 2 weeks to go until expiration, the put is worth $1,040 at time of writing. If I buy to close, with the intention of rolling down and out - say May 20, 2022 175p for $1,055 premium - at this exact moment I am taking a loss of $1,040-$450 = $590. + +It does not mean that because I got $1,055 premium for the 05/20/22 175p that I am suddenly not in the loss again. I've just taken a farther out position and booked a loss from the original option that I sold. + +Rolling is not some cheat code you can just keep using to get out of losses. It only works if the underlying actually begins to move in your favor. If the underlying does not move in your favor, rolling can actually exacerbate losses as compared to just closing the position. So if you're rolling rather then using a stop loss, you'd better have some damn good conviction the underlying will move in your favor. + +BABA is a great example of how catastrophic rolling could be for someone. Selling puts in BABA then rolling rather then using a stop loss would've made losses far worse as BABA keeps going lower and lower as time moves on with seemingly no end in sight. + +EDIT + +Damn, there are a LOT of salty fucks in this thread. + +My claim that rolling only works if underlying moves in your favor (being up, OR flat enough for the stock to land at or above your strike, no matter how small the difference), is true. + +My point was NOT that rolling can't be effective. It was NOT that rolling ALWAYS leaves you with a NET loss. + +If you sell a 4/14 AAPL 140p for $330 today, and Apple lands at $130 on 4/14, that option will be worth $1,000. Lets say you buy to close. You received $330, and paid out $1,000. Current state, -$670. + +Then you "roll" and sell a 6/15 125p on apple for, say, $900. + +IF that option expires worthless, you're looking at a NET profit of -$670 + $900 = $230. + +Just because you came out in profit does not mean you DIDN'T TAKE A LOSS ON THE FIRST PUT. + +That's all I'm saying. Jeez... +Ok so have they? I am hearing conflicting information such as Washington Post claiming China's poverty measurement being unfair[https://www.washingtonpost.com/world/asia\_pacific/china-poverty-economy-growth/2021/02/25/9e92cb18-7722-11eb-9489-8f7dacd51e75\_story.html](https://www.washingtonpost.com/world/asia_pacific/china-poverty-economy-growth/2021/02/25/9e92cb18-7722-11eb-9489-8f7dacd51e75_story.html) and China government being dishonest regarding their economic information [https://www.brookings.edu/bpea-articles/a-forensic-examination-of-chinas-national-accounts/amp/](https://www.brookings.edu/bpea-articles/a-forensic-examination-of-chinas-national-accounts/amp/) +We've been saying this for years now - Systems are getting stronger. Gone are the days when you could misreport income. The Income Tax Department has tons of information now. + +A lot of people have been receiving an SMS from the Income Tax Department. We've seen the messages come through since yesterday (28 March 2021) + + +>The Income Tax Department has identified high value information which does not appear to be in line with the Income Tax Return filed for Assessment Year 2020-21 (relating to FY 2019-20). Please revise ITR / submit online response under e-Campaign tab on Compliance Portal (CP). Access CP by logging into e-filing portal and clicking on 'Compliance Portal' link under 'My Account' or 'Compliance' tab - ITD + +If you have received such a notice - fret not. Most people who have received this notice have missed reporting Savings Account interest or Fixed Deposit interest. + +If you received this notice, it's probably because you or your advisor forgot to include said income in your ITR for FY 2019-20. + +**Compliance Portal** + +Here's what shows up in the compliance portal: [https://www.thegalacticadvisors.com/post/received-high-value-information-income-tax](https://www.thegalacticadvisors.com/post/received-high-value-information-income-tax) + +**What do you need to do?** + +If you did miss showing interest on fixed deposits and savings accounts, move quickly. You have till 31 March 2021 to revise your ITR. You may also have an additional tax liability because of this. +**Poseidon Project and its effect on our world** + +Poseidon platform will allow for the immutable tracking of carbon credits, ensuring that there is no double counting and that as much funding as possible gets to the projects that need it. + +Poseidon will make it easier than ever for consumers to measure their progress towards carbon sustainability thanks to the availability of transparent data. Poseidon can aggregate that data and present it in many ways, including grouping by geography, age and gender, among other demographics. + +Poseidon's strategic partner, Ecosphere+, is part of an impact fund and as such has extensive [impact reporting](https://www.ecosphere.plus/wp-content/uploads/2017/09/2017-althelia_impact-report-lowres.pdf) on the projects supported by Poseidon's platform. This data, along with photos, videos and updates from the ground are all available within Poseidon's app, so you can [see your impact](https://poseidon.eco/assets/documents/Poseidon-White-Paper.pdf#page=11) right down to the plot of land you've protected trees on. +**Poseidon Project and its effect on our world** + +Poseidon platform will allow for the immutable tracking of carbon credits, ensuring that there is no double counting and that as much funding as possible gets to the projects that need it. + +Poseidon will make it easier than ever for consumers to measure their progress towards carbon sustainability thanks to the availability of transparent data. Poseidon can aggregate that data and present it in many ways, including grouping by geography, age and gender, among other demographics. + +Poseidon's strategic partner, Ecosphere+, is part of an impact fund and as such has extensive [impact reporting](https://www.ecosphere.plus/wp-content/uploads/2017/09/2017-althelia_impact-report-lowres.pdf) on the projects supported by Poseidon's platform. This data, along with photos, videos and updates from the ground are all available within Poseidon's app, so you can [see your impact](https://poseidon.eco/assets/documents/Poseidon-White-Paper.pdf#page=11) right down to the plot of land you've protected trees on. +Seeing things in hindsight makes you feel dumb, but the real truth is that back then nobody saw it coming. Only few, very few people really believed in BTC as a store of value or whatever. If you could go back in time and told people in 2010 that in 2021 hedge funds, S&P500 companies and even insurance companies are buying billions worth of BTC at 40k+ USD and using it as a store of value, everybody would just see you as the tin-foil hat person, laugh at you and call you mad and delusional. + +This is the reason why I generally feel bad for those "two pizzas are now worth X millions" posts, as if the people who traded BTC for goods in the old days could predict the future. As such, the moment your holdings were at 10x your initial investment, very, very likely you would have sold as well, or just bought that awesome thing you could suddenly acquire with magic internet money. + +That being said, do not punish yourself with the "if I had" thinking. Invest what you can and hold while you can. Taking profits is not a bad idea as well. +What's up everyone. Here's an updated list of 'popular' stocks with high IV tickers and share price under $50 (for smaller accounts). + +Good luck to all! + +|Ticker|Market Cap|Stock Price|IV (%)| +|:-|:-|:-|:-| +|MARA - Marathon Digita...|3.12B|$38.53|233%| +|AMC - AMC Entertainme...|2.84B|$9.88|226%| +|SNDL - Sundial Growers...|2.18B|$1.31|221%| +|SRNE - Sorrento Therap...|2.72B|$9.74|187%| +|CODX - Co-Diagnostics ...|350M|$12.37|168%| +|NNDM - Nano Dimension ...|1.6B|$9.27|165%| +|DGLY - Digital Ally|72.5M|$1.95|165%| +|WKHS - Workhorse|1.97B|$15.93|158%| +|TLRY - Tilray|4.14B|$23.98|151%| +|FCEL - Fuelcell Energy...|5.21B|$16.15|144%| +|SOLO - Electrameccanic...|469M|$5.73|139%| +|BLNK - Blink Charging|1.27B|$35.31|132%| +|CCIV - Churchill Capit...|5.12B|$24.75|126%| +|BB - BlackBerry|5.82B|$10.32|125%| +|RKT - Rocket|3B|$25.88|123%| +|FUBO - fuboTV|2.03B|$30.05|122%| +|CLOV - Clover Health|3.58B|$8.13|120%| +|APHA - Aphria|5.61B|$17.71|116%| +|GRWG - Grow Generation|1.67B|$45.39|111%| +|LAZR - Luminar|5.49B|$24.99|109%| +|ACB - Aurora Cannabis|1.95B|$9.85|109%| +|JMIA - Jumia|3.73B|$42.02|107%| +|SPCE - Virgin Galactic|7.26B|$30.58|107%| +|ARCT - Arcturus|1.27B|$48.16|106%| +|RIG - Transocean|2.89B|$4.71|104%| +|PLUG - Plug Power|20.1B|$42.72|101%| +|APXT - Apex|430M|$12.00|99%| +|NKLA - Nikola|6.28B|$16.04|98%| +|HOME - At Home|1.84B|$28.32|93%| +|PLTR - Palantir|43.5B|$24.79|91%| +|XPEV - XPeng|14.9B|$30.84|90%| +|HYLN - Hyliion|2.33B|$13.68|89%| +|PSTH - Pershing Square...|5.46B|$27.24|89%| +|NIO - NIO|64.5B|$41.18|89%| +|CRON - Cronos|3.51B|$9.73|88%| +|SFIX - Stitch Fix|3.06B|$48.12|83%| +|HUYA - HUYA|5.9B|$25.06|83%| +|CRSR - Corsair Gaming|3.06B|$33.25|81%| +|FROG - JFrog|4.22B|$45.80|80%| +|CGC - Canopy Growth|12B|$32.01|79%| +|X - United States S...|5.47B|$21.07|79%| +|UPWK - Upwork|5.75B|$46.37|77%| +|CCL - Carnival|29.5B|$26.72|77%| +|CLDR - Cloudera|4.59B|$14.69|76%| +|AAL - American Airlin...|13.9B|$21.75|76%| +|NCLH - Norwegian Cruis...|6.34B|$29.52|73%| +|PRPL - Purple Innovati...|2.01B|$32.70|73%| +|LL - Lumber Liquidat...|746M|$25.97|71%| +|CNK - Cinemark|2.92B|$24.61|70%| +|BBBY - Bed, Bath & Bey...|3.43B|$28.31|70%| +|SAVE - Spirit Airlines...|3.57B|$36.61|68%| +|M - Macy\`s|5.27B|$16.91|67%| +|OXY - Occidental Petr...|27.4B|$29.43|66%| +|COTY - Coty|6.71B|$8.75|66%| +|PBR - Petroleo Brasil...|34.4B|$7.79|62%| +|TEVA - Teva- Pharmaceu...|12.3B|$11.28|59%| +|IQ - iQIYI|20.2B|$27.71|59%| +|FEYE - FireEye|4.83B|$20.23|58%| +|HAL - Halliburton Co....|21.4B|$24.12|55%| +|NOK - Nokia|22.5B|$3.98|54%| +|DBX - Dropbox|8.09B|$24.43|54%| +|GPS - Gap,|11.3B|$30.08|54%| +|DISH - Dish Network|18.9B|$35.90|53%| +|ICLN - Global Clean|5.43B|$24.09|50%| +|F - Ford Motor Co.|50.4B|$12.88|49%| +|MGM - MGM Resorts Int...|18.6B|$37.41|47%| +|ZNGA - Zynga|10.8B|$9.94|47%| +|VALE - Vale S.A.|90.9B|$17.20|46%| +|DAL - Delta Air Lines...|30.5B|$47.79|45%| +|GE - General Electri...|116B|$13.23|45%| +|DB - Deutsche Bank A...|26.5B|$12.80|45%| +|UAA - Under Armour|9.12B|$22.48|44%| +|FOXA - Fox|24B|$41.55|43%| +|GOLD - Barrick Gold|35.8B|$20.14|39%| +|WFC - Wells Fargo & C...|164B|$39.47|37%| +|PCG - PG&E|22.7B|$11.47|37%| +|BP - BP plc|90.3B|$26.61|37%| +|ALLY - Ally Financial ...|17B|$45.44|37%| +|HPQ - HP|37.7B|$30.28|33%| +|BAC - Bank Of America...|322B|$37.34|32%| +|WMB - Williams Cos|29.7B|$24.43|31%| +|WORK - Slack|20.4B|$40.74|30%| +|HSBC - HSBC|127B|$31.11|29%| +|AZN - Astrazeneca plc...|131B|$49.80|29%| +|KR - Kroger Co.|26.9B|$35.45|29%| +|BK - Bank Of New Yor...|40.3B|$45.92|28%| +|T - AT&T,|214B|$30.05|25%| +|CSCO - Cisco Systems, ...|204B|$48.34|23%| +|MO - Altria|89.8B|$48.42|22%| +|PFE - Pfizer|195B|$34.98|21%| +|GLUU - Glu Mobile|2.18B|$12.46|16%| +So, you’ve read the title. In one year I have enough to put down $10,000 (from my savings) towards the loan (4.7%), making the payments with taxes and homeowners insurance around $1300 most likely. + +I have pretty good credit compared to most people at 760. I believe after all is said and done I’ll have $300 a month in money to save or spend a month until I get my professional engineering license. + +This is a really tempting purchase for me. I currently live with my best friend in a college town. I pay $650 a month in rent, and $150 in other utilities. I’m so tired of putting $800 a month towards property I don’t own. Its stupid. + +Not to mention I may have my roommate move in with me for $500/month. Everything included. (Yes, its a deal.) Not because I need him to, but because I like money. He is constantly stressing about payments, b/c his college degree was not as useful as mine has been. He also, works 40 minutes away from his job, and this move puts him 20 minutes away. It brings me 10 minutes closer to mine, so its only 40 minutes away from mine. (I plan on changing jobs is 1.5 years.) + +I could also have a dog and a place for my motorcycle!!! ITS SO TEMPTING. + +**Is it worth it?** + +**TLDR:** Can put down $10k on my mom’s house, which is being sold for 90% of the market value. I rent for $800/month, everything included. I’ll likely put in what I can, and sell the home in 8 years anyways. Is this worth it, or am I blind? +I have spent a lot of time trying to find strategies that work and testing out all sorts of indicators. It wasn’t until I stopped focusing on that part and started working on my risk management and the psychology behind trading when I really started getting somewhere with trading. + +There are so many simple strategies you can use that work well. That is easy part, but being able to let your winners run instead of taking profits instantly/ not letting your losers ride hoping it turns around is huge. Just one example + +All the “gurus” focus on showing you the best setups/indicators that will make you rich when in reality that is the last thing you should be worrying about. +yet when it's down 3% i get notified immediately. There needs to be fairness rules with the alerting/notifications that these broker apps use. it needs to be fair for both up and down. Tell me brokers are trying to encourage paper hands without telling me brokers are trying to encourage paper handed bitches. + +edit: (RIP Inbox: also this made front page it seems) +I’m fresh out of college and have been working for the past 5 months for a very well known tech company doing SQA. I don’t have any interest in SQA and originally took this job for the company name that I could put on my resume. I am a contractor for this company and currently the conversion to full time is not high at all, and I also personally would not want to be working here for more than 6 months-1 year Bc the job itself is not what I’m interested in at all. However the company is in a very exciting and prosperous market. + +I’ve now been offered a job making 60% more at a much lesser known company, however would be doing something I’m more interested in and relevant to what I studied in university. Here are my concerns: +- that I’ve only been in my current position for 5 months and don’t want the length of time to reflect poorly on my resume +- that I would be leaving this massive company which whenever I say where I work to people I always get a shocked response +- that if I stayed longer in my current position I would be able to get a higher paying job elsewhere in a company that I may prefer to the new one offered + +I would not need to move for this new job, so all my expenses would remain the same. Am I being to eager to jump ship to quickly and/or will this move negatively affect me down the line? +9 months on from posting about Motley Fool's Extreme Opportunities (a subscription service), I thought I would give an update on how your $100k would be going had you invested $10k in each E*xtreme Opportunity* + +[\\"Extreme\\"](https://preview.redd.it/rksy829emy471.png?width=562&format=png&auto=webp&s=f3661d4a8de6a59c530c410a5e941e185633dacd) + +So I don't think it's a surprise to anyone here, however you would be red, currently down 7%, or $7058 + +Don't forget to factor the $399/year fee for this privilege, so down $7457 total + +&#x200B; + +[18th December, 2020](https://preview.redd.it/hh2sb4hwmy471.png?width=764&format=png&auto=webp&s=5d18979441c36a169e1335ec57934f9660db19e1) + +[18th of March, 2021](https://preview.redd.it/l3d49k0mmy471.png?width=766&format=png&auto=webp&s=1b1d906f24aa3ae87e5d82419130c44ebf9cc2f0) + +[13th of June, 2021](https://preview.redd.it/w9h305wkmy471.png?width=764&format=png&auto=webp&s=502026ee2ca454f161c32567814469c838dd4bd7) + +In that time, VDHG has gone from $53.11 to $60.39, a gain of 13.7%, so your opportunity cost for being a Motley Fool instead of being an Ausfinance shill is $21,157 + +One solid winner, EML Payments (EML.AX), who are up 30% since then (peaked at +82%) + +One outstanding loser, Damstra (DTC.AX), who are down 46% since then, and seem to be a total dog + +Long story short, go spend your $399 on something useful, like a bag of coke, and choose your own shitty stocks instead of wasting it on clickbait chimps with typewriters throwing darts at random tickers\*\*\* + +\*\*\* not financial advice +Heya Stonkers! + +You can **VOTE** with your GameStop shares for the upcoming shareholder meeting on June 9th. The final deadline to vote is June 8th. + +It is important that you cast your vote, because this can prove that there ARE more shares floating around than what GameStop has issued. This means that if the amount of votes CAST exceeds the FLOAT. A.K.A **Hedgies. Are. Fuk.** + +**Gamestop's Board of Directors is urging everyone to vote as soon as possible.** + +https://preview.redd.it/t01rkfo0li171.png?width=842&amp;format=png&amp;auto=webp&amp;s=c784448e5d641a9194d2e8f1fa0cfb3610760fcf + +\---------------------------------------- + +**HOW Do I VOTE?** +*Click on these links below to view how to vote through your brokerage* +*(You must be a shareholder on or before 4/15 to be eligible to vote)* + +* EToro + +1. You should have received an email with information regarding the voting procedure and how to vote! + + + +* Fidelity: + +1. Navigate to Fidelity.com and Log In +2. From the Portfolio Summary page, click ‘Statements’ +3. Select ‘Proxy Materials’ in the white menu at the top of the page. The following page will show all current available securities you are able eligible to vote on. +4. There will be a ‘Vote’ link in the ‘Status’ column if you are able to participate. +5. The link will take you to an independent Fidelity-affiliate website. There, you’ll be able to vote, review meeting agendas, and see related documents/learning materials. +[https://www.reddit.com/r/GME/comments/mspe40/how\_to\_proxy\_vote\_gme\_with\_fidelity/](https://www.reddit.com/r/GME/comments/mspe40/how_to_proxy_vote_gme_with_fidelity/) + + + + +* TDAmeritrade +CallTDA @ (800) 669-3900 (Trade Desk) + +1. Enter your account info, then select option 4 +2. Say something like “Hello, I am calling because I own a handful of GameStop shares and I am interested in getting my control number that I can use to vote on proxyvote.com regarding the upcoming shareholders meeting” +3. The rep will likely do one of two things; either transfer you to the proper department for them to give you that info, or they themselves will chat to that department internally to get the control # for you. In my case, the trade desk rep chatted to the department internally and got my control number for me within about 20 minutes. +4. Once you have your control #, it’s off to the races. Visit [www.proxyvote.com](http://www.proxyvote.com/), enter your 16 digit control #, then vote on the list of things. It’s about 5 or 6 things, with recommendations from the board on what they suggest. +5. You’re done! +[https://www.reddit.com/r/GME/comments/mx27pq/proxyvote\_instructions\_for\_td\_ameritrade/](https://www.reddit.com/r/GME/comments/mx27pq/proxyvote_instructions_for_td_ameritrade/) + + + + +* IBKR + +1. You should have received an email with your control number and a link that automatically takes you to a website that allows you to vote. + + + +* XTB + +1. Contact their support, email, or call them asking for your control number to vote for using your GME shares. + + + +* Saxo Bank + +1. You should contact their support and they will guide you on the procedure of getting your control number. + + + +* TradeStation + +1. You should have received an email with a link that takes you to a page to vote! + + + +* BinckBank (Deadline to vote Friday May 28th 12:00) + +1. Mail to klantenservice@binck.nl with subject: Incident 2346 + * Your Binck Account Number* + +2. Alternatively, you can call them at 020 606 2666 + + + + +* Degiro + +https://www.reddit.com/r/Superstonk/comments/n63w7l/important_how_to_vote_with_degiro/ + + + +* SoFi + +1. They should have sent an email regarding your proxy materials. If you haven't seen it, contact them! + + + +* Chase + +1. They should have sent an email regarding your proxy materials. If you haven't seen it, contact them! + + + +* Stash + +1. Contact their support and ask for your control number for your GME shares in order to vote for the upcoming shareholder meeting. + + + +* Schwab + +1. Log in, go to services tab, click "corporate actions". On the corportate actions page, click "Proxy Events". On proxy events page click on "vote" + +2. Alternatively you can also call them by following the guide here: +https://www.reddit.com/r/Superstonk/comments/n3weyj/schwab_how_to_get_your_control_number_and_vote/ + + + +* Avenue (Brazilian) + +1. Call broker + + + +* Wells Fargo + +1. Should have recieved an email from them, if you haven't make sure to call them and ask for your control number. + + + +* BNP PARIBAS / SMARTBROKER + +1. You should receive an invitation for the vote in your (mail) account. From there you can request your right to vote for free! + + + +* SwissQuote + +1. Contact them and ask about voting for GME. https://www.swissquote.ch/url/contact + + + +* DIRECTA SIM (Italy) + +1. To obtain your code you must submit your request to the customer service via email at directa@directa.it + + + +* - DNB (Norway) + +1. To vote contact corp.acts@dnb.no + + + + +* - Fineco + +1. Contact them by emailing, or calling them + + + +* - Passfolio + +1. An email should have been sent with the proxy link to vote. + + + +* - Firstrade + +1. You should have received an email from them regarding how to vote. + + + +* - M1 Finance + +1. You should have received an email from them regarding how to vote. + + + +* Vanguard + +1. You should have received an email with your control number and a link that automatically takes you to a website that allows you to vote. + + + + +* TradeRepublic +[https://www.reddit.com/r/Spielstopp/comments/nh24t9/tr\_affen\_k%C3%B6nnen\_w%C3%A4hlen/?utm\_source=share&amp;utm\_medium=web2x&amp;context=3](https://www.reddit.com/r/Spielstopp/comments/nh24t9/tr_affen_k%C3%B6nnen_w%C3%A4hlen/?utm_source=share&amp;utm_medium=web2x&amp;context=3) + + + + +* Comedirect + +1. Use the contact form and demand the proxy statement. You will be able to find it after a few hours/days (maybe after the weekend) in your Postbox. Alternatively, you can call them +[https://www.reddit.com/r/Superstonk/comments/ncg06m/german\_broker\_comdirect\_finally\_allows\_to\_vote/](https://www.reddit.com/r/Superstonk/comments/ncg06m/german_broker_comdirect_finally_allows_to_vote/) + + + + +* WEBULL + +1. You should have received an email with your control number and a link to: [https://www.proxyvote.com/](https://www.proxyvote.com/) Contact Webull if you don’t have it. + + + +* Ally Invest + +1. You should have received an email from id@proxyvote.com + + + +* Interactive Investor + +1. Call or Email them to get information on how to cast your vote. + + + +* Interactive Brokers + +1. if you have a cash account and disabled the lending then you will get your documents. Otherwise, contact them. + + + +* Stake + +1. You should have received an email with a link to vote from (SAY) (GameStop Corp) + + + +* REVOLUT (DriveWealth Partner) + +1. You should have received an email with a link to vote from (SAY) (GameStop Corp) + + + +* E Trade + +1. You should have received an email from id@proxyvote.com + + + +* Wealth Simple + +1. Contact a customer service representative by going to Settings -&gt; Help -&gt; Chat with us +2. Tell the representative that you are interested in getting the control number for your GME shares so that you can vote. +3. They will respond with a control number (multiple control numbers if you have multiple investment accounts with GME) and a proxyvote link where you will enter your control number for each investment account and vote. + + + +* TD Direct Investing + +1. Call the investing 1 800 number and request control number to provide proxy vote for upcoming shareholders meeting. + + + +* Scotia Itrade + +1. The same as TD Direct Investing above ^ + + + +* IG Trading + +1. IG Trading says you should follow the protocol linked here. https://www.ig.com/uk/help-and-support/investments/share-dealing-and-isas/do-you-offer-proxy-voting + + + +* Questrade + +1. Contact support and request proxy voting, takes 2-3 business days by email! Alternatively, you can also submit an account request, and you'd get it by mail. + + + +* BMO + +1. Contact support and request control number, takes 2-3 business days by email! + + + +* RBC + +1. Arriving by snail mail! + + + +* Q Trade + +1. Arriving by snail mail! + + + +&amp;#x200B; + +* RobinHood + +1. Check the email you received from RobinHood for further instructions + + + + +* CashApp + +1. You should have received an email with a link to vote from (SAY) (GameStop Corp) + + + + +*(Comment down below if I have missed your brokerage, and I will add it)* +\---------------------------------------- + +**If you haven't received your control number, make sure you...** + +* Check your broker inbox for proxy info ✔ +* Check your email ✔ +* Send a message via your broker help/chat interface ✔ +* Call your broker and request your control number ✔ +* Look around the comments and other posts to see if any resources have been shared that might help you in your search ✔ +* Check your broker's website for an FAQ- Many have a landing page with GME specific proxy info ✔ +(*Thank you* u/PinkCatAcid *For This)* +\---------------------------------------- + +**Misinformation ALERT:** + +\- The only apes who can vote the DAY OF the shareholders meeting are the ones who PREARRANGED it with GameStop and will be there IN-PERSON. Shills will try to convince you otherwise. All proxy votes MUST BE in by June 8th, or they WILL NOT be counted. Like GameStop, Superstonk encourages all apes to vote as soon as possible. + +\- Phishing Links from bad actors are being spread around, make sure to input your control number in a website provided by official channels **ONLY. (GameStop Corporate Website OR Links From Your Broker)** +\---------------------------------------- + +**DeadLine To Cast Your Vote: Tuesday, June 8th, 2021** + +\---------------------------------------- + +**Voted Flair** + +**(StonkU2):** + + - Want a “🦍Voted✅” Flair? Automod will hook you up! Just type !apevote! And - BOOM - you get a flair, and you get a flair, and YOU get a flair. Everybody Votes? Everybody gets a Flair! + +- If you attempted to vote with no success, +type: !novote! + +- Please note for all apes who own GME but are feeling left out by the voting flairs... you can now type !newape! and receive your own flair: ✅ New 🦍 + +*Please note, this will overwrite any current flair in place. If you already have custom flair, but also want the voted or attempted vote flair, just tag* u/Bradduck_Flyntmoore *in the comments below!* +\---------------------------------------- +**Final Notes** + +**Please note that the board recommends you vote for ALL** + +If you see an ape without the flair, ask them if they have voted, and encourage them to vote! + +**Ape Help Ape!** +\---------------------------------------- + +If you have any questions about voting, do comment below and the mods will do their best to answer! + +Thank you. +We don't make cars, or high tech electronics, or pharmaceuticals, or vaccines, or anything advanced at all. + +The highest market cap stocks are all banks. + +Our biggest economic sectors are... commodities. Like a third world country or something. Imagine if we weren't adjacent to the USA. Our economy would like Portugal or something. +Victory is near but declaring "they lost" now will confuse people if/when more aggressive tactics are used. And then what does confusuon cause? FUD. So stop. + +We all have to understand and **maintain the awareness** that while the DD is solid, the numbers are solid, several theories are all rock solid - that money does not equal resources. + +And individuals like Kenny, after many years in the game, have positioned themselves comfortably through favours and business deals to form many unseen allies to assist him in keeping his sinking ship afloat. So do not celebrate early. For all we know, Citadel could shut down tomorrow and the stock could still be attacked by other people who have aligned themselves with Kenny and his cronies. We don't know. + +But what we do know, is we're in a very good spot. Just don't celebrate early. That mistake will be seen and as such will be taken advantage of. + +Just stay the course 🦍's. +I wanted to start a discussion on a common misunderstanding of thetagang. The main thing that people are missing in this subreddit is how important volatility is to the game we play. You aren't going to suddenly make money because you've swapped teams and are selling the positions that you lost money on before. It isn't that easy. That isn't the point. + +**This is the game we are playing:** + +We can either + +1) Sell an option that has a 90% chance of making $1.11 + +or + +2) Buy an option that has a 10% chance of making $10 + +In both cases, if you do this ten times you end up with $10. Most new traders are focusing on the probability of profit. They like that juicy 90%. Who doesn't want a 90% chance to win?! But if options are priced perfectly related to their chances of success as they are in this case above, there is no game to play. You are just flipping coins. Over a large sample size, you end up making your $10 every 10 plays no matter which side you are playing. + +**So where is the edge?** + +The rub is that the prices are based on **volatility**. The BSM model that options are priced based on gives a solid explanation of why, but I don't want to get into the weeds. In summary, volatility is the dependent variable. (We backsolve for it after supply/demand decides what an option is worth) Theta is independent. It is known. It is priced in. Theta is not your edge. Very often I see comments about how traders are winning now that they have an advantage due to theta decay. This is not the case. Theta is just the mechanism by which your option loses value. We don't care about that. We care about **what the value is in the first place.** + +This value (aka the price) is set based on how likely it is that an option expires in the money. How much extrinsic value it has. How much IMPLIED VOLATILITY it has. + +**Ok, so IV is the part of the option price that gives me an edge? How is that?** + +Because "implied" volatility is just that. It's an educated guess. And we often guess wrong. Over the course of options history, we have been overestimating how much the underlying will swing over a given period of time. That is, we have accredited MORE implied volatility to options than their actual realized volatility ended up being. The underlyings didn't move as much as we thought on the whole since options were invented. + +So if an option is priced based on what we think the volatility will be and then the volatility ended up being less... Well dang, the option was overpriced. ***Selling products for more than they are worth is awesome and buying products for more than they are worth sucks.*** This is why selling options over time has been more profitable! + +**Back to our example** + +In the above example, those percentages are what the market THOUGHT would happen. But in reality, it ended up that selling option 1) had an 93% chance of making 1.11 and buying option 2) had a 7% chance of making $10. To make it clearer, I illustrated below + +1) Sell an option that has a ~~90%~~ 93% chance of making $1.11 + +or + +2) Buy an option that has a ~~10%~~ 7% chance of making $10 + +**Thus, the seller ends up on top.** + +This is why volatility indexes are important. Pay attention to IVR and IV%ile to check your edge! Volatility is actually relatively low overall right now. This means that we could be underestimating how much the markets will move. I am not making any predictions of if that is true, but I will go through our example as if it were. If this were the case, our implied volatility is actually LESS than the real volatility. Now that means our options are actually all underpriced. Buying underpriced things is way better than selling underpriced things obviously so that would make this a buyer's market. Now, + +1) Sell an option that has a ~~90%~~ 87% chance of making $1.11 + +or + +2) Buy an option that has a ~~10%~~ 13% chance of making $10 + +**And the options buyer gets the edge!** + +The important take away is that YES the probability of winning is still absolutely in the hands of those selling options. 87% is way greater than 13%. But on the whole, if you made thousands of these trades, the buyer's of options would actually win in this scenario. They have the edge. + +Can you still sell premium when IV<realized volatility. SURE! And you'll still be right the vast majority of the time. However, you could have been using the capital to buy options instead and though you would still be wrong the vast majority of the time... your winners would more than make up for your losers because of the error in valuation. + +**TLDR: Volatility is where our bread is buttered. Not theta. Don't let our misnomer confuse you :)** + +(This was modified from a comment I made a couple weeks back. I kept seeing the same misunderstanding so wanted to post it as its own thread to allow for more discussion for both myself and everyone else to learn from.) + +Happy to take any questions or challenges to my understanding! + +I'm still learning all of this too. I've only really been dedicated to this for a couple months, but I felt like I should share what I learned here to give back to the forum community. I don't work in finance, I'm not a financial advisor, this is just for fun. +It takes money to make money. I've heard that once you get to 100k, compounding gets to be much more rapid and noticeable. I'm not there yet, but I can see it happening with my own account. I went from 40k-60k much faster than 20k-40k. +The advice 'do what you love' is lazy and inappropriate for 98 percent of young people. + +I'll focus this on those that are going on to tertiary education to keep it simple. + +I dont know how people think telling a 17-18 year old who has just about finished High School with almost ZERO life experience to do something they love is 'good advice' it is lazy and I have always told students to do what will allow them to love their life and use two examples of something 99 percent of people who are 'adults love' money and holidays if you do a job that allows you to make lots of money and have regular amazing holidays then you 'dont have to love your job' that is just a bonus in reality few people end up loving their job the ones that do are generally Movie stars, Pro Athletes, etc which less then 1 percent of ppl will realisticlly end up doing - hey if you are the end Chris Harmsworth power to you but it is odds on you are not. + +it is no wonder so many people drop out or go no where with useless degrees (unless you do post grad) such as Arts, Science, Bioscience, Psychology etc meanwhile accumulating a large HECS debt. + + +The BEST advice would be do what is going to allow you to have the 'best life' that includes money, potentially enjoying work, having spare time, time off for travel, family, low stress, good work colleges or at least a non-cut throat environment etc over whatever one is passionate about because odds are no matter what you choose you wont 'love your job' in 5-10-20 years time. + + +i actually know 'very few people' who truly love their job however most of them picked what they 'thought' they would love at a young age because that is what they were told to do. But once they finished training/studying it wasnt what it was cracked up to be or the conditions ie unpaid over-time, abuse, stress etc made the job unlike-able over time. + +im not saying money is 'everything' i know a few top earners with loads of mental health, family issues etc due to working long hours, stress etc however they to mostly 'chose a career they loved' but it wasn't what it was cracked up to be. In fairness they are at least rich...but no one is told to look at 'what life' will be like in the future. + +But From the bulk of what I have seen is those who 'earn in the top 5 percent regardless of if they like their job. Generally like/love their lives they aren't stressed about money, have amazing holidays, have nice marialitic things cars/boats/beach houses, go out to nicer places etc they generally have a better 'quality of life' despite not necessarily loving their job. + + +that's my unpopular opinion. +I’m hoping to max out my 401k and IRAs for the first time this year, which has been a slow build since my first 403b when I got out of college. Start early! + + +Deep breath with me now. In. Out. Are we all okay? Did we wake up and the world is still standing? Take the time you need to grieve your losses but then **wake up, soldier**. + +This is cryptocurrency. It didn’t pop up overnight. It certainly isn’t going to get hurt by one car company worth a fraction of the market as a whole. + +**Let me repeat that** because some people don’t really seem to understand out there. BTC is bigger than a car company, and its CEO is trying to make money off BTC, not the other way around. I mean, who do you think is buying the dip? + +So get your head out of your ass and hurry up and go **buy some $HAPPY on this dip**. Prior to the news, **HappyCoin was trending upwards having just hit its ATH of $70M,** and has weathered the storm cleanly looking to break out upwards with the second everyone begins to see the dip getting eaten up. + +HappyCoin has a **doxxed lead dev about to fly to LA** to create massive influencer connections while HappyCoin is still sitting pretty on the 7 day chart. **Can you imagine when all these huge names rep such an easy brand?** It’s as crystal clear a formula for success as it gets. + +With the community increasingly getting more hype, (seriously, if you’ve been in that Telegram recently, it’s starting to get real moonboy vibes) which is the exact energy HappyCoin needs to start blasting through to the mainstream. + +With no environmental concerns (it’s proof of stake) and still donating to mental health organizations every Friday on a donation livestream with the partners getting bigger and bigger, know that it all starts here. + +**$100M market cap is the next milestone** and with more **CEX listings** coming and big plans to increase community involvement, there is nothing left to hold back HappyCoin. The floor was found and has been bounced, if you’ve seen any chart like that before you know this is the next coin to take a trip to the moon. + +**Website**: https://www.thehappycoin.co/ +Someone today here asked why India doesn't transfer money directly to recipients like how the US does. I read a lot of answers and I think that India does transfer money directly to recipients. It is just that unlike a direct handout, it is made to look as though its a job under MGNREGA. + +However the details of MGNREGA is such that even if the government doesn't have a job for a rural person who is enrolled in the program, it needs to provide a certain amount of unemployment benefits for sure. + +MGNREGA in a way has been India's version of handouts for quite some time now. On a rural visit from my college, I saw participants of MGNREGA involving in activities like removing grass from the sideways etc. These don't necessarily add to the GDP in a significant manner but the rural people were getting their money nonetheless. + +I also think that the government has substantially hiked the allocation towards MGNREGA in the last budget because of the reverse migration from covid-19 pandemic. + +So, yeah, the government does dole out freebies and direct cash benefits in India. However, these are predominantly limited to the bottom 80-90% of the folks. If you're reading this, you're most likely in the top 10-20% of the folks in this country. +I see a lot of denial from people in this sub about the issue of being stealth with your wealth. I think it's not a realistic position if you want to maintain relationships with people you grew up with if you're from a low income background. + +I'm from a very low income background (daughter of migrant farm workers) as is my husband. We each come from families where we each have 30+ cousins and are very close with our extended families. My husband salary is quite obviously high, as he is a nurse in a top hospital. I'm in a job position that many people are familiar with but don't actually know can earn quite a bit of money, so I'm able to hide my salary more. + +So, if you come from a very tight knit community, how do you deal with the wealth gap? Do you encounter a lot of guilt when your family and friends are suffering? I always wish that I could help everyone, but I also don't want to fall into the trap and become poor again myself. My husband and I both agreed that we would pay off our parents mortgages. This then helps our siblings too, because if anyone is ever struggling or homeless, they have a place to stay without a steep mortgage. + +But then I have my friends. The community I was raised in had very strict values, similar to the "snitches get stitches" mentality, where you shouldn't be doing well if you're friends are struggling. How do you deal with this type of guilt? I'm a woman of color btw, so this mentality has saved my own family many times and I feel bad turning my back on it +[https://ca.news.yahoo.com/warren-buffett-2-billion-japan-210000151.html](https://ca.news.yahoo.com/warren-buffett-2-billion-japan-210000151.html) + +Warren Buffett shocked Tokyo markets last August with a $6 billion bet on the country’s five largest trading houses. + +One year on, his investments are paying off. Amid the surge in commodity prices, the collective value of Berkshire Hathaway Inc.’s stakes in the five “sogo shosha” has risen by about $2 billion. That gain of more than 30% has outpaced the benchmark Topix index’s 22% rise, and doesn’t account for dividend income. + +....The five firms -- Itochu Corp., Marubeni Corp., Mitsubishi Corp., Mitsui & Co. Ltd. and Sumitomo Corp. -- seem on paper an unusual fit for Buffett’s “buy-what-you-know” philosophy. +Three months ago I was laid off as part of a 60 person lay off in a small company of 125 people. I do Occupational Health and Safety work as I was the Manager. I was given unemployment; been searching for jobs. + +Fast forward 3 months, tax bill passed, etc. I get a phone call from the president of the company asking me to come in because he has an opportunity. He tells me things are picking back up and the company needs me back but he's trying to shop me at a discounted rate. + +I had been with the company 6 years and he says he wants to give me 20 hours at 60% of what I was making to do consulting work for 4 months until my lease is up. This seems like a super low ball offer especially because they don't have to train anyone, I already know all of the employees, I am familiar with their policies as I wrote many of them. Also after 4 months I cant get back on unemployment and having taken such a drastic pay cut I wouldn't be very well equipped to ask for more money in the future. + +I feel like this is a slap in the face and I want to counter offer their 60% slap with a 125% slap back. + +Does this seem unreasonable?? Just seeking some guidance. + +Thanks yall! + +Update: I weighed in at 250%. Haven't received any response it's been a couple of hours since I sent my proposal. I had to run the numbers several times. My head hurt. + +**Update: It's been a week and haven't received a response. +Hi fatFIRE, long time reader first time poster. Please forgive the fresh account. + +I recently sold my venture-backed tech company and received $120M (after taxes). It was a lucky exit beyond my wildest expectations – it's a long story, but even a year ago I wasn't sure if my equity would be worth anything at all. I have to stay with the acquirer for a bit, but the most exciting part for me is finally getting to begin my long-awaited FATfire. + +I'm exploring hiring a wealth manager (I realize they're controversial here) and would appreciate this community's advice. I've begun interviewing advisors at big banks including Morgan Stanley, Goldman, UBS, Fidelity, etc. and also several RIAs. This has brought up a bunch of questions: + +&#x200B; + +1. **RIAs vs Big Banks** \- Right now I am learning towards an RIA, because I feel they will be more likely to have my best interests at heart. Their pitch seems to be that they offer all of the same services as the banks (trusts, tax advise, etc.) without any of the conflicts. **What are the downsides of hiring an RIA, if any?** +2. **Fees** \- I haven't begun negotiating but so far I'm consistently getting quoted \~0.4% AUM. This is higher than I was expecting (for this level). Strangely enough, the RIAs have been a bit higher than the banks – maybe because they're not getting kickbacks to compensate? **Can anyone with experience in this area advise on what an achievable fee range should be at this asset level?** +3. **Alternatives** \- Given my long time horizon, most advisors, including the RIAs, have recommended a substantial allocation to alternatives (e.g. 30-40%) – and especially private equity. They all play up their privileged access to this asset class - **how important is this asset class, and how would I evaluate different firms' access to top-tier PE? Can the RIAs compete?** +4. **Two advisors vs one** \- My accountant suggested I split my assets across two banks, as a way of making sure both sides stay on their toes and remain super engaged. Has anyone tried this before and is this a good idea? **What are some pros or cons of this approach?** + +Thanks in advance for any advice! +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 always considered investing in GME to be like sailing a boat in a storm. Know that the boat is solid and strong. It is built on value, fundamentals, and hours of research. + +However, it's equally important to know that the storm will be Truman Show levels of orchestration, and they will send you up and down on waves to try and get you tossed out of the boat. They'll thrash you with dips, they'll pelt you with FUD, and they will rain hard with false victory posts on selling in the low hundreds, the low thousands. + +These shares are worth months of fighting, ***billions*** of dollars of tactics, market techniques, and overtime. + +Buckle up. Hold throughout. + +Peace and love, you glorious apes. See you all on the moon. + +An edit: Thanks for the response. I, personally, am genuinely excited to exercise my complete desensitisation to the price and to ***absolutely*** fulfil the idea that this will be the greatest transfer of wealth in history. This *will* be a test but know **I plan on winning the Grand Slam.** +Every post with someone talking about their financial troubles is inundated with accusations of the person being lazy and how commentors make 100k+ a year with no degree living in the middle of nowhere. This is the type of stuff we left personalfinance for. + +The assumption that because many of us don't make a lot of money that we're lazy is ridiculous. Many well-needed jobs don't pay anything. EMTs get paid peanuts. Nurses barely get paid enough considering what they do, etc. I can't even fathom why someone would come in here just to harass those who are struggling financially. +Genuinely curious as to how you separate your checking vs. saving accounts. + +When you get paid, how do you separate your checking vs savings deposits? + +I am still learning how to budget/separate these two things as I just graduated and have my first “real” job out of law school. Thank you! + +EDIT: I didn't intend to ask how much how much money is in your account but rather how to use the two for budgeting/investing purposes. Thank you for all your answers thus far! +The discourse in the daily is a bit ridiculous TBH, newbies are constantly entering the market while things are green and it is scary AF to see all your value plummet the first few times. + +It doesn't help anyone to scold newbies asking about the bear market and I'm constantly seeing shit like "well if you need your money back soon you shouldn't be investing in crypto". Even if that's true, there are plenty of nicer ways to say it and we don't need to be driving away newbies who will ultimately help grow the market. We are all in this together, that is the whole point of decentralized finance. +Preaching to the choir, but the sale of Yahoo and AOL media to Apollo for $4.4 Billion is great lesson on not just why valuation matters, but why Rule#1 of investing is don't lose money. + +Yahoo's market cap at one time approached $120 billion dollars. AOL at peak had a $200 billion market cap. + +Yahoo was the market leader in internet search traffic, it had the top talent and was the premier online destination, and had a who's who of fortune 500 clients buying ads. AOL was a behemoth generating massive amounts of revenue and profit from internet users. + +It was estimated in 1999 that 50% of all US home internet users were AOL customers. + +By 2016 Verizon had acquired both companies in separate transactions for about 9 billion dollars. It appeared to be quite a bargain for 2 once premier companies. And yet they still weren't done destroying value. Now in 2020 Verizon is selling both for less than 5 billion in Cash during a euphoric market cycle. + +20 years of value destruction. + +In 1999 it seemed that owning AOL and Yahoo were no brain investments, these were the dominant market leaders in a new industry. There was no way you could lose money. And yet millions did including shrewd CEOs and Investors, because they failed on the valuation of the business and were euphoric in their future projections and expectations at a time when they should've been cautious. + +Yahoo's market cap overtime + +[https://i.insider.com/5796705d88e4a7b32e8ba7af?width=700&format=jpeg&auto=webp](https://i.insider.com/5796705d88e4a7b32e8ba7af?width=700&format=jpeg&auto=webp) (keep in mind that in the final years yahoo had a market cap of $40 billion, because it had a $38 billion stake in Alibaba. + +Here is a CNN Money report on AOL Q2 in 1999. + +[https://money.cnn.com/1999/01/27/technology/aol/#:\~:text=For%20the%20first%20half%20of,on%20%241.1%20billion%20in%20revenue](https://money.cnn.com/1999/01/27/technology/aol/#:~:text=For%20the%20first%20half%20of,on%20%241.1%20billion%20in%20revenue). + +Just another gangbuster quarter and 2-1 for stock split. No one knew what awaited them for the next decade. +https://www.cnbc.com/2020/10/07/lowes-gives-100-million-more-in-bonuses-to-hourly-employees-.html + +Lowe’s said Wednesday it will give $100 million more in bonuses to hourly employees in mid-October, as strong demand for home improvement supplies continues. + +The retailer has paid more than $675 million in additional pay to employees this year, including the latest round. + +Lowe’s also announced a cash tender offer for up to $3.5 billion of its outstanding debt securities. + +Thanks for the awards. +When listening to Freakanomics, I'm always interested in the data collected from major events that have solid start/stop before/after scenarios that are impossible to replicate with simulations. What kinds of experiments would you think could be most valuable? +&#x200B; + +Alright you dirty pervs, time for another installment of u/BigJimBeef's favorite post. + +You've been running wild with the bets this last fortnight, must have been the updates on the long term degeneracy got your juices flowing..... + +Just a friendly reminder that unless you do something that requires instant banning, we settle all ban accounts every 2nd friday when the post comes out. + +&#x200B; + +There has been an awful lot happening across the r/ASX_Bets universe, so settle in with a warm milk shooey and lets enjoy a Golden Dildo's worth of entertainment + +(Disclaimer: *A Golden Dildo's worth of entertainment currently equals, well, not much really*... *Unless its morning**~~star~~* *glory evaluated*) + +&#x200B; + +&#x200B; + +**UPDATES** + +&#x200B; + +&#x200B; + +\- **69,000+** members. Fuck me + +(*please note the . and not a ,*) + +&#x200B; + +\- u/WistfulWhiskers came good on the [Warm Milk Shooey bet.](https://www.reddit.com/r/ASX_Bets/comments/n3qql8/tepid_foot_milk/?utm_source=share&utm_medium=web2x&context=3) + +Suitably disgusting, moderately disturbing with a delectable hint of indecency, we like a user who comes good on a degenerate bet. + +You've started a trend it seems, Enjoy the new Flair you Mad-Lad.... + +&#x200B; + +\- Never one to let a disgusting bet idea get away from us, u/helloclaire followed suit with a [Shooey bet](https://www.reddit.com/r/ASX_Bets/comments/n4ibb1/tepid_foot_milk_2/?utm_source=share&utm_medium=web2x&context=3) of her own after **BRK** failed to hit the 10% mark. + +Points were added for suitably co-ordinated footwear/clothing ensemble... + +Points were deducted for **BRK** hitting the mark the next day, its been an emotional rollercoaster.... + +&#x200B; + +\- u/ken_oath_cunce gave us a little look back at some former [Sub Darlings](https://www.reddit.com/r/ASX_Bets/comments/myk7by/thanks_rasx_bets_for_12_months_of_stonk_tips/?utm_source=share&utm_medium=web2x&context=3) in their video shit-post. It's a bit like a '*where are they now*' thing. + +Except **ZIP**, we always seem to know where that is........... + +&#x200B; + +\- u/Nevelo gave us a wonderful rundown of [Internet Financial Terminology](https://www.reddit.com/r/ASX_Bets/comments/myuyxk/guide_to_internet_finance_terms/?utm_source=share&utm_medium=web2x&context=3), re-flaired as a Shit-post just in case someone is actually smooth brained enough to take this seriously. + +Its well worth a read and is one of my personal favorite posts for quite some time. + +This user is also the creator of the [Catching the Knife](https://www.reddit.com/r/ASX_Bets/comments/n1va2b/catching_the_knife_the_largest_australian_energy/?utm_source=share&utm_medium=web2x&context=3) series that has been popping up lately. + +&#x200B; + +\- Some lovely [Loss Porn](https://www.reddit.com/r/ASX_Bets/comments/n1umtz/holy_fuckkk_60k_vanished_in_2_days_hodl/?utm_source=share&utm_medium=web2x&context=3) has popped up courtesy of the **BRN** Prophet u/Jbent09. + +The Prophet has been quiet on the sub lately, no doubt just priming up for Brain Dips (Pending) Glorious return............ + +&#x200B; + +\- u/doomkoon4648 hit the mark of [100K down this week](https://www.reddit.com/r/ASX_Bets/comments/n51ymf/market_open_thread_for_general_trading_and_plans/gwyuixj?utm_source=share&utm_medium=web2x&context=3) from ATH on their **VML** big balls purchase. (*Note that this is a paper loss from an ATH, not deep red on their purchase price.*) + +This may sound devastating, however the user has a detailed, researched thesis and is sticking to the plan, topping up more when the opportunity arises. + +For all those playing at home, this one is worth following. Will research, diamond hands and balls of steel pay off or will they be forever bag-hodling? + +Hey u/doomkoon4648, keep us up to date please. + +&#x200B; + +\- u/Murranji has been busy, creating a series of posts on various aspects of [Technical Analysis](https://www.reddit.com/r/ASX_Bets/comments/n68ifi/ta_post_how_redistribution_trading_ranges_work/?utm_source=share&utm_medium=web2x&context=3). + +If you're interested in learning to read the tea leaves, its well worth reading. + +&#x200B; + +\- u/papqa demonstrated that sometimes hodling can work out, with some [nice gains](https://www.reddit.com/r/ASX_Bets/comments/n6r480/did_alright_here_i_reckon/?utm_source=share&utm_medium=web2x&context=3) on their **CHN** purchase. + +&#x200B; + +&#x200B; + +**NEW BETS** + +&#x200B; + +&#x200B; + +\- Kicking things off, well kicking shoes off seems to be the theme lately and its been taken up by u/theoriginaluser01 and u/HCFaktor betting [another milk shooey](https://www.reddit.com/r/ASX_Bets/comments/n51ymf/market_open_thread_for_general_trading_and_plans/gx2yiln?utm_source=share&utm_medium=web2x&context=3) on **RAC** touching or not touching **$2** in the next 3 months. + +&#x200B; + +\- u/ChalkyAus has bet a weeks ban on [Pen closing above 15 today](https://www.reddit.com/r/ASX_Bets/comments/n4ay2x/market_open_thread_for_general_trading_and_plans/gwvj5cx?utm_source=share&utm_medium=web2x&context=3). + +We shall see when their **PEN15** is strong or....flaccid. + +&#x200B; + +\- u/Same_application_444 has one of the more inventive bets I've seen for a while, claiming if their buy in price of **YOW (.049)** does not [Double by June 1st](https://www.reddit.com/r/ASX_Bets/comments/n4dhk4/if_my_investment_in_yow_doesnt_double_by_cob_1st/?utm_source=share&utm_medium=web2x&context=3), then their housemate will pour a melted Yowie.... look its fucking weird just read the link. + +&#x200B; + +\- not to be outdone, u/debtandregret1984 has taken another bet stating u/yaals will not [double their money](https://www.reddit.com/r/ASX_Bets/comments/n3qsod/premarket_thread_for_general_trading_and_plans/gwrihd0?utm_source=share&utm_medium=web2x&context=3) on **YOW** within 3 months, or they will eat a Yowie toy. + +&#x200B; + + \- u/becify pledged to donate $500 to the Smith family if [WOA doesn't hit $2](https://www.reddit.com/r/ASX_Bets/comments/mwp3vc/scam_dreams_ziptards_unite_a_mutated_mission_bans/gvs0vnq?utm_source=share&utm_medium=web2x&context=3) by Dec 31st. + +A notable sentiment from our resident nudist. + +&#x200B; + +\- u/Rosencrantz1710 has bet a week in the hole unless [Next Investors Send a pump email about GAL before May 7th and the prices touches 0.362 that day](https://www.reddit.com/r/ASX_Bets/comments/mwp3vc/scam_dreams_ziptards_unite_a_mutated_mission_bans/gvre62x?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/Imthewifesboyfriend has added their colors to the [JXT vs DW8 bet](https://www.reddit.com/r/ASX_Bets/comments/monb6t/dw8_ceo_dean_taylor_interview/gu5759i?utm_source=share&utm_medium=web2x&context=3), providing yet another, ahhh, twist I guess by coupling a rectally administered [Whisky shot](https://www.reddit.com/r/ASX_Bets/comments/mwp3vc/scam_dreams_ziptards_unite_a_mutated_mission_bans/gvjmiy5?utm_source=share&utm_medium=web2x&context=3) into the mix. + +&#x200B; + +\- Never one to be out-dumbfucked, u/reecej_nz has upped the ante on the above **JXT vs DW8** bet, now taking on a months ban for every user that is willing to go into battle, assuming they [lose the day.](https://www.reddit.com/r/ASX_Bets/comments/mwp3vc/scam_dreams_ziptards_unite_a_mutated_mission_bans/gvmfm6p?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/_PixelRage has a bet going with the **Mods**, their once starry eyed relationship with **KSS** is a thing of distant memory, now the Rocket-Man has declared **KSS** will [Crash and Burn](https://www.reddit.com/r/ASX_Bets/comments/mwqasn/weekend_thread_for_general_discussion_and_plans/gvjm18u?utm_source=share&utm_medium=web2x&context=3) by May 31st or they will accept a 2 week ban. + +&#x200B; + +https://preview.redd.it/a6zfkvku8iw61.png?width=1920&format=png&auto=webp&s=b275d1d3b64059885be708b47d581d82eec339bc + +&#x200B; + +&#x200B; + +\- u/AdHot6827 has a complicated multi bet running. Its about **IXR**, I cant remember most of the details so read all about it here [here.](https://www.reddit.com/r/ASX_Bets/comments/mzbigt/market_open_thread_for_general_trading_and_plans/gw0by3g?utm_source=share&utm_medium=web2x&context=3) + +If one of you gambling folk can interpret and tell me whether we need to ban this one or not I'd sure appreciate it.... + +&#x200B; + +\- u/ybsh_ also is feeling lucky about **IXR**. This one was for a [Wednesday Announcement or a weeks ban.](https://www.reddit.com/r/ASX_Bets/comments/mysjqb/premarket_thread_for_general_trading_and_plans/gvwqstp?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/crashworx bet a weeks ban that **IXR** [scoping study](https://www.reddit.com/r/ASX_Bets/comments/mwi9c8/market_open_thread_for_general_trading_and_plans/gvjdv0b?utm_source=share&utm_medium=web2x&context=3) would come out on Monday. + +&#x200B; + +\- u/autodidact31 jumped on the monday **IXR** [scoping study](https://www.reddit.com/r/ASX_Bets/comments/mwi9c8/market_open_thread_for_general_trading_and_plans/gvje4cv?utm_source=share&utm_medium=web2x&context=3) betting $50 on the biggest roughie horse, running on Tuesday. + +User came through with [the goods](https://www.reddit.com/r/ASX_Bets/comments/mysjqb/premarket_thread_for_general_trading_and_plans/gw0p59y?utm_source=share&utm_medium=web2x&context=3) unlike their picks. + +&#x200B; + +\- u/Baked-Potato22 made the **IXR** scoping study bet a 3-way, [betting a weeks ban](https://www.reddit.com/r/ASX_Bets/comments/mwi9c8/market_open_thread_for_general_trading_and_plans/gvjf9hx?utm_source=share&utm_medium=web2x&context=3) and potentially one of the most awkward *menage a trois* scenes A sub-reddit has ever contemplated, I don't even want to speculate on how a scoping study 3-way translates. + +&#x200B; + +\- u/Levvy90 bet a weeks ban **IXR** would [drop another 15%](https://www.reddit.com/r/ASX_Bets/comments/n3qsod/premarket_thread_for_general_trading_and_plans/gwuem00?utm_source=share&utm_medium=web2x&context=3). + +u/Hodlmelongtime decided to [jump in](https://www.reddit.com/r/ASX_Bets/comments/n3qsod/premarket_thread_for_general_trading_and_plans/gwufryt?utm_source=share&utm_medium=web2x&context=3) on the bet as well. + +Are they heading to **Plucky's** domain at r/ASX_banned? + +&#x200B; + +That pretty much rounds out our current crop of **IXR** disciples, ticker bets seem to come in waves around here. + +&#x200B; + +\- u/socialselfsabotage has declared **Z1P** the next APT betting a months ban that Z1P is [$10 by Grand Final](https://www.reddit.com/r/ASX_Bets/comments/my3msq/premarket_thread_for_general_trading_and_plans/gvsxi2o?utm_source=share&utm_medium=web2x&context=3). + +Username, it would appear, definitely checks out.... + +&#x200B; + +\- u/TheDapperBull has bet **VML** to close above $0.069 by friday or [a weeks ban](https://www.reddit.com/r/ASX_Bets/comments/mzjdmj/premarket_thread_for_general_trading_and_plans/gw16ooh?utm_source=share&utm_medium=web2x&context=3). + +We debated offering a 420 day ban, just to be appreciative of the numbers scenario but figured hodlers are already going through enough pain.... + +&#x200B; + +\- u/Benny90210 took an alternate bet stating if **VML** was $0.070 or above on [fridays close](https://www.reddit.com/r/ASX_Bets/comments/mzjdmj/premarket_thread_for_general_trading_and_plans/gw19qy6?utm_source=share&utm_medium=web2x&context=3), they would take a weeks ban. + +&#x200B; + +\- u/TaxExtreme1460 has finally achieved a life goal, getting into the betting with a [FOD to touch 0.045](https://www.reddit.com/r/ASX_Bets/comments/mykud5/market_open_thread_for_general_trading_and_plans/gvvqyub?utm_source=share&utm_medium=web2x&context=3) by Friday 30th or they will take a 69 day ban. + +User has spiced up the bet, also stating they will donate $1000 to the Royal Children's Hospital if they hit said target. + +&#x200B; + +\- u/debtandregret1984 has bet that their **BRK** holding will be green and their portfolio [up by 20%](https://www.reddit.com/r/ASX_Bets/comments/n02sek/brk_yolo_update_next_week_spud/gw48sd9?utm_source=share&utm_medium=web2x&context=3) by Wednesday or they will cop 7 days ban. + +Let the record show that the bet has [Been won](https://www.reddit.com/r/ASX_Bets/comments/n592tz/brk_yoloban_bet_update/?utm_source=share&utm_medium=web2x&context=3), congrats u/debtandregret1984, enjoy the new flair... + +&#x200B; + +\- u/youreafuckwitttt has emerged from their den putting money where their mouth is stating **APT** will not go above $**125** within the next month, or [theyll take a months ban](https://www.reddit.com/r/ASX_Bets/comments/n0xdsb/see_yous_on_the_way_down/gw9q24p?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/HyperIndian has become a man, betting **MGT** will go to $**0.12** by the [30/6/21](https://www.reddit.com/r/ASX_Bets/comments/n1hmug/market_open_thread_for_general_trading_and_plans/gwd5x0s?utm_source=share&utm_medium=web2x&context=3) or a 6 month ban. From memory this user won their last bet with the **Mods**, are we about so see a betting run that rivals u/itsdankreddit's winning streak? + +&#x200B; + +\- u/Mysteriour-Ball-6640 has bet **IVZ** to close above $0.2 by [today](https://www.reddit.com/r/ASX_Bets/comments/n31scg/premarket_thread_for_general_trading_and_plans/gwn7iaz?utm_source=share&utm_medium=web2x&context=3) or they will take a 2 week ban. + +Why, who can know why.... + +&#x200B; + +\- u/Maleficent_8448 has bet a [6 month holiday](https://www.reddit.com/r/ASX_Bets/comments/n3j4ab/market_open_thread_for_general_trading_and_plans/gwqzhgb?utm_source=share&utm_medium=web2x&context=3) on the BPH approval being done by the End of June. + +&#x200B; + +\- On the back of the above bet, u/Jcit878 has thrown down as well, betting **BPH** approval by COB [May 31st](https://www.reddit.com/r/ASX_Bets/comments/n3j4ab/market_open_thread_for_general_trading_and_plans/gwr0f3v?utm_source=share&utm_medium=web2x&context=3) or else a 1 month ban. + +The mythical approvals date has banned many a Autist, has the time finally arrived? + +&#x200B; + +\- u/Crashworx bet a years ban if **GBR** did not at least [touch](https://www.reddit.com/r/ASX_Bets/comments/n4ay2x/market_open_thread_for_general_trading_and_plans/gwuihrf?utm_source=share&utm_medium=web2x&context=3) 20% up. + + As with all touching, we can only hope it will be inappropriate, especially if you're risking a year in the Shadow world. + +&#x200B; + +\- u/UhOhNoOnion has bet **LOT** [to touch 20c](https://www.reddit.com/r/ASX_Bets/comments/n5amy0/premarket_thread_for_general_trading_and_plans/gx0ovrt?utm_source=share&utm_medium=web2x&context=3) by Friday or a weeks ban. + +Again, Inappropriate touching blah blah blah...... + +&#x200B; + +\- u/destined2bepoor has bet **STX** [to be 60c](https://www.reddit.com/r/ASX_Bets/comments/n4ivj9/premarket_thread_for_general_trading_and_plans/gwvtfwj?utm_source=share&utm_medium=web2x&context=3) by December 23rd or they'll cop a weeks ban. + +Typically, we don't take long range bets unless the gambler up's the ante, but with a username like that you've got to wonder where this is a self fulfilling prophecy thing, a self care insurance policy or just plain Autism. + +&#x200B; + +&#x200B; + +**BANS** + +&#x200B; + +&#x200B; + +\- u/xxt3nt4c10n owes us some [proof](https://www.reddit.com/r/ASX_Bets/comments/n1p577/weekend_thread_for_general_discussion_and_plans/gwixiai?utm_source=share&utm_medium=web2x&context=3)... tick tock + +&#x200B; + +\- u/miamivicegc owes us some proof on a claim of a [$600k loss](https://www.reddit.com/r/ASX_Bets/comments/n5ck7n/can_anyone_beat_this/gx0r5a4?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- all the bans from [Last Time](https://www.reddit.com/r/ASX_Bets/comments/mwp3vc/scam_dreams_ziptards_unite_a_mutated_mission_bans/?utm_source=share&utm_medium=web2x&context=3) have been handed out. + +&#x200B; + +\- u/BillyZaneTrain requested a 2 week ban. Something about purple spandex and a new film........ + +&#x200B; + +\- u/Phatb0y was banned for a [Survey post.](https://www.reddit.com/r/ASX_Bets/comments/mys7as/yes_maybe_no_no/?utm_source=share&utm_medium=web2x&context=3) + +Yes you deleted it, but not before Blade Runner got ya. Got us feeling all nostalgic, haven't had a survey ban for a while now, we appreciate your sacrifice. + +&#x200B; + +\- A fucking lot of alts have been nuked by Blade Runner, and there have been more than a few **Perma Bans** for spammy shit. + +&#x200B; + +\- **ATTENTION**: + +u/Puzzleheaded-Tea3221, + +u/GNUandLinuxBot, + + u/JonathonFreeman56, + +u/ogbullgang, + +u/SnooTomatoes7959, + +u/CookiePsychological1, + +u/TheLCFPro, + +u/cookie8891, + +u/ahmedaz + +etc....... + +&#x200B; + +You're all flogs, fuck off with the spam rubbish. + +&#x200B; + +&#x200B; + +&#x200B; + +**TLDR:** θάνατος στους spammers !!!!! +It's Crypto Euphoria stage, Fundamentals are out, Memecoins are in. And **Charity Memecoins** are godlike. **$HAPPY** just confirmed that theory once again, reaching $30 Million Valuation and **8K Holders in less than 12 HOURS**!!!!! This is unheard of, it surpasses any other memecoin I have seen in this bullmarket, even surpassing the initial SAFEMOON growth by a huge margin, if this growth keeps up we will have 100k holders in less than a week!! + +And best of all they are doing it for a cause that touches close to my heart, donating helping to fight mental illness. It joins the sentimental with the pumpamental so this is impossible for me to pass on! + +**Website**: + +[https://www.thehappycoin.co/](https://www.thehappycoin.co/) + +**Pancakeswap**: + +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xb0b924c4a31b7d4581a7f78f57cee1e65736be1d](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xb0b924c4a31b7d4581a7f78f57cee1e65736be1d) + +**Chart**: + +[https://poocoin.app/tokens/0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D](https://poocoin.app/tokens/0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D) + +**Telegram**: + +[https://t.me/happy\_coinTG](https://t.me/happy_coinTG) +[I was reading an article on Huffpost.com today, and here's a screenshot](https://imgur.com/a/YZguUQu). + +When [I check out statista.com](https://www.statista.com/statistics/192356/number-of-full-time-employees-in-the-usa-since-1990/#:~:text=This%20statistic%20shows%20the%20not,on%20a%20full%2Dtime%20basis.&text=The%20number%20of%20full%2Dtime,20%20million%20people%20since%201991.), they show that we have 130.6M employees, and if 44M have filed for Unemployment benefits, this means that the unemployment rate is 33.7%. + +Why is the official Unemployment Rate only around 13%? +Lately, I have been thinking about taking personal health insurance instead of relying on my company’s health insurance. So I started doing some research on my own and found some very useful posts on this subreddit and twitter (Links of posts at the end). Now after looking at details of policies I got really confused as almost all the insurance companies offer similar policies and it got difficult to shortlist/reject. Therefore I decided to make a google spreadsheet to compare all of them together for a clear understanding. + +Rightnow, I am looking for a 5L base and 20L super top-up for myself but in future I would like to increase the base cover to 10L and super top-up to 50L. + +Here are my filters for a good policy: + +* No Co-pay +* No room rent limit (Single Private AC room is also fine) +* No Sublimits +* Reset Benefit +* Claims Paid >85% +* Good hospital network around my area + +So, I have looked into 5L,10L base cover and 20/25L Super top-up policies from companies like ICICI Lombard, Max Bupa, Star Health, HDFC Ergo, Manipal Cigna, Religare, New India and Royal Sundaram. + +[Link to the spreadsheet](https://docs.google.com/spreadsheets/d/1KqjRiXiYTBfH-_3fFQ00rwdsmar7i5nJerkEr8As2BM) (Zoom out to get a better view) + +All the premiums in the google sheet are for 25 yrs of age. + +Things covered in google sheet: + +* Features of the policy like Room rent, Co-pay, sublimit, waiting period, etc. +* Statistics of the insurance company like Incurred claim ratio, Claims approved ratio, complaints filed, etc + +&#x200B; + +While all the insurance policies are very similar to each other since they cover basic things like No co-pay, no room rent limit, domiciliary hospitalisation, donor expense, etc there are still few differences between them. + +**ICICI Lombard Complete Health + Health Booster Insurance:** + +* 5L base cover policy has sublimit for common surgeries, No sublimits for 7L and above +* Policies which have OPD+Hospital cash as optional are really expensive, without these the price is fine. +* Pre & Post Hospitalization is valid for only 30 & 60 days, while competitors offer 60 & 90 days +* Their Claims Paid ratio for FY 2019-20 is 88%., which is just average. +* Super top-up policy is really good, I didn't find any problems with it. + +**Max Bupa ReAssure Health + Health Recharge Insurance:** + +* Really solid base as well as super top-up policy and it is cheaper than competitors too, which seems weird. +* Now if you look at their numbers, you find that their Incurred Claim Ratio is only 53% i.e. very low. This means that either premium is very costly or their claims paid ratio is not good. But actually their premiums are cheap and claims paid are 91%(Really Good). And this doesn't make sense. +* So, when I dug a little deeper, I found out that their *claim complaints per 10,000 claims* is 40-50, which is really high. So here, my best guess is that they approve the claim partially to get that counted as claim paid. + +**Star Health Comprehensive + Super Surplus Insurance:** + +* Good base as well as super top-up policy overall, they cover OPD and dental too. But slightly costly. +* Sublimit on some rare surgeries in base cover, which is not really a problem. +* Rooms are capped at Single Private AC room +* Their Claims Paid ratio for FY 2019-20 is 81%, very low IMO. +* They also have very high *claim complaints per 10,000 claims* + +**HDFC Ergo Optima Restore + Medisure Super Top-up Insurance:** + +* Excellent base policy, but slightly costly. +* Super top-up policy max cover is only 20L, whereas their competitors offer upto 100L +* Their Claims Paid ratio for FY 2019-20 is 97%. +* Very good hospital network. + +**Manipal Cigna ProHealth + Super top-up insurance:** + +* Good base policy, has all the necessary features and is cheap as well. +* Super top-up policy max cover is only 30L +* Their Incurred Claim Ratio is only 61% which is low. +* They also have slightly high *claim complaints per 10,000 claims* + +**Religare Care Health + Enhance Insurance:** + +* Good base policy and it is cheap too. +* Super top-up policy max cover is only 30L +* Their Claims Paid ratio for FY 2019-20 is 94%. +* Their Incurred Claim Ratio is only 59% + +**New India Premier Mediclaim + Top-up insurance:** + +* Their 5L base cover policy has room rent cap of 1% +* The 15L base cover policy has all the necessary features, but it is very costly. +* They don't have a super top-up policy, and their top-up policy has max cover of only 22L +* Poor hospital network + +**Royal Sundaram Lifeline Supreme Insurance:** + +* Excellent base policy, and cheapest amongst all of them. +* Their Claims Paid ratio for FY 2019-20 is 95%. +* Couldn't find their super top-up policy online. + +**Go Digit Health + Super top-up Insurance:** + +* Good base policy and it is cheap too. +* Super top-up policy max cover is only 20L, its costly too. +* Their Claims Paid ratio for FY 2019-20 is 83%, Incurred Claim Ratio is only 51% +* 4 yrs waiting period for existing diseases. + +&#x200B; + +After doing all this research, I have shortlisted ICICI Lombard and HDFC Ergo. + +Personally I want to go with HDFC Ergo because of their excellent claims paid ratio even though their premium is slightly higher. But the only issue I have with HDFC Ergo is that their super top-up policy provides max cover of only 20L which is maybe fine for now but won't be sufficient 10 yrs later. + +Now before I make final decisions, I would love to hear about other people’s experiences regarding the claim settlement process of ICICI Lombard and HDFC Ergo. + +&#x200B; + +**Helpful Links:** + +[Twitter Link](https://twitter.com/wiredmau5/status/1313718353370857477)(Really helpful),[ Reddit link 1](https://www.reddit.com/r/IndiaInvestments/comments/g7uc0l/finally_on_a_health_policy_hunt_steps_included/),[ Reddit Link 2](https://www.reddit.com/r/IndiaInvestments/comments/2h3r0a/how_to_buy_a_health_insurance_policy_steps_and/ckp7ie2/?utm_medium=android_app&utm_source=share&context=3) + +PS: Details of the policy features in spreadsheet are taken from policy wordings and the company's website. Do DM me if there is any error in the data present in the spreadsheet. + +&#x200B; + +Edit: Added Go digit Health + Super top-up policy details in the sheet +Even within economic circles, there is a growing nervousness that the Federal Reserve, the central bank of the United States – with the power to electronically create money out of thin air, bail out insolvent Wall Street megabanks, balloon its balance sheet to $8.8 trillion without one elected person on its Board while the U.S. taxpayer is on the hook for 98 percent of that, + +and allow its Dallas Fed Bank President to make directional bets on the market by trading in and out of million dollar S&amp;P 500 futures during a declared national emergency – has carved out a no-law zone around itself. + +Source: wall street on parade dot com (one word) +Well, I'm an old beginner because lost a job after 17 1/2 years and made the dumbest mistake of cashing in part of my 401k. I have 130k in an IRA and am looking to try to seriously invest, as I'm 50 and scared about my future. Any suggestions would be appreciated...I wake up crying every day because I feel like my future is doomed. +I am 25 years old and just started earning 18 lpa in hand. My location will be gurgaon and I think I will be able to live in 50,000 rs per month. That leaves me with 1 lakh rs to spare every month. I already have a sip of 28000 per month. I don’t want to do debt investment as I am already investing 2 LPA in epf (deducted from my ctc of 22.5 lpa). Should I stick to mutual funds or try direct stocks ? + + +Edit: I am a Software Engineer from a Tier 2 college, many people are asking. +Short post here… just wanted to throw out a friendly reminder to live your life to the fullest now and don’t just look towards retirement. Just got news tonight that a good friend of 10+ years from grad school passed away in a totally random, freak accident. While it’s obviously important to stock away money for retirement, don’t sacrifice too much now because you never know when your time will run out. + +Edit: he was in his early-mid 30’s, was an avid hiker and died by getting buried by an avalanche while hiking. Still can’t really believe it. +So recently a person fell prey to a Bitcoin doubling scam and sent the single largest payment of 26BTC to the scammer. + +I found the scammers wallet address and found that the scammer has received a whooping total of 87 BTC(Worth a total of 3.6 mil). + +[His bitcoin address has been reported on scam alert. ](https://preview.redd.it/zvt7kv9u2gc81.jpg?width=1280&format=pjpg&auto=webp&s=989bf9aa6db66fbbc249eb9b94544d65cad4fdd8) + +This person managed to earn 3.6mil dollars from a YouTube live video. This money is enough for someone to retire and live a happy life and falling for such a petty scam is stupidity at its finest. Now there is one very happy Nigerian prince out there. Doing almost nothing for a cool 3.6 million dollars. + +I have decided to do research on tools that can be used to not fall for these scams. I will make a post on what these scams look like, what you can do to make other people aware and not fall for these yourself. It may not be perfect but I will try. I can use all the help I can get. There is no one out there who will double your money willingly. + +Edit:- Thanks for the awards. I have made a promise and intend to keep it. If you guys have any suggestions please do DM me. Ohh boy, I fear what will happen if I don't keep my promise or fail to deliver. + +Edit 2:- Many of you don't know how these scams work, [so here is my old post attempting to explain it.](https://np.reddit.com/r/CryptoCurrency/comments/s1a7ft/can_someone_explain_to_me_how_people_fall_for/?utm_source=share&utm_medium=web2x&context=3) +I noticed more and more people over the years in the UK wanting to acquire many properties to rent out. I can’t really wrap my head around it. There’s a unique obsession that I can’t really explain. These are just average everyday people too. + +Interested to know why? + +Mods please let me know if this post breaches any rules. +Lesson one is "stock basics" summarized: (2 videos) for every buyer there's a seller, for every seller there's a buyer, fear and greed drives prices, what fundamental analysis means, what technical analysis means. + + +lesson 2 is ETFs summarized: (video 1) Bull markets are opportunities, bear markets are bigger opportunity's, Bear markets never last, always followed by bull market. (video 2) The market is volatile in the short term in the long term it always goes up, what an ETF is, different types of ETF indexes. (video 3) Expands on the different types of ETFs (bonds, commodities etc). (video 3) A 35min video on dollar cost averaging lol. (Video 5) summarizing the last 4 videos. + + +Lesson 3 is Steps to investing summarized: (video 1) A good business increases value over time, a valuable business has higher sales, earnings and cashflow. (video 2) invest in businesses that are undervalued or fairly valued, stocks trade below its value because investors have negative perception of the company + + +lesson 4 Financials summarized (all 4 videos) where to find financials, how to use a website (Morning Star) to screen stocks, how good is the company at making money, Look for companies that have growing revenue, check growth profit margin and net profit margin of company compared to industry. + + +Lesson 5 Stock Valuation summarized (2 videos) go here: [https://tradebrains.in/dcf-calculator/](https://tradebrains.in/dcf-calculator/) and look at what the calculator is asking for, go to Morning Star find the needed numbers that are required, bam you got the intrinsic vale. + + +Lesson 6 Technical Analysis summarized: (all 4 videos) What are candles sticks, what do they mean, support and ceilings, consolidation levels. + + +Lesson 7 The 7 step formula summarized: (3 videos) See what I wrote in lesson 3 and lesson 5. + + +lesson 8 Winning portfolio summarized summarized: (video 1) Diversify, keep portfolio balanced, different sectors (video 2) More sectors, Dividends (video 3) More on sectors, more on dividends, what are different stock caps (large cap, small cap etc) + + +Lesson 9 finding opportunities summarized: (video 1) see lesson 3, (video 2) creating a watch list,monitor news, company announcements, stock price, financials + + +Lesson 10 psychology of success summarized: (2 videos) basically: common sense. + + +Lesson 11 Finding a broker summarized: (1 video) look at fees and commissions, see minimum deposit, check margin rates, make sure it has a good trading platform. + + +I just saved you 18 hours and $1000. +If it is not clear, people here (in Brazil) say that these countries of Scandinavia are able to be good welfare state countries now because they were good free-market countries before, and our underdeveloped country couldn't turn into a developed country with these welfare and intervention policies, but should first become a developed country through a free-market economy and only then become a welfare state + +I wonder if there is any truth in this reasoning +Hi all! yesterday I posted some results from my modeling project that people found pretty interesting (I think mostly people were interested in how shit the forecasts were). [https://www.reddit.com/r/algotrading/comments/lzr9w1/i\_made\_57298\_forecasts\_in\_historical\_data\_using/](https://www.reddit.com/r/algotrading/comments/lzr9w1/i_made_57298_forecasts_in_historical_data_using/) + +&#x200B; + +A lot of folks expressed interest in the code and I am thrilled to announce that I have made it publicly and freely available! + +[https://github.com/DavisWeaver/stonkr\_public](https://github.com/DavisWeaver/stonkr_public) + +&#x200B; + +# Features + +# easy setup: + +Just call: + + devtools::install_github("https://github.com/DavisWeaver/stonkr_public") + library(stonkr) + +# Make predictions with one line of code: + + renarin_short(ticker = "AAPL") + +Output is a tidy dataframe containing training data and forecasted share price. + +Customize your model parameters: + + renarin_short(ticker="AAPL", look_back = 400, look_ahead = 14, lag = 20, decay = 0.2) + +The above call would use 400 days of closing price data to train the model, 20 days of closing price data as lagged inputs to the neural net, and 14 days as the forecast period. Decay is a parameter to the Neural net function - higher decay values supposedly help prevent overfitting. + +# Build screeners + +If you want to screen lots of tickers, just call + + tickers <- c("ticker_1", "ticker_2", "ticker_3", "ticker_4", ..., "ticker_n") + renarin_screen(tickers = tickers, ncores = 1, ...) + #... are additional parameters passed to renarin_short + +I also added a convenience function for screening every ticker in the S and P 500. + + screen_SP500(ncores = 1, ...) #... additional parameters passed to renarin_short. + +# Backtesting + +to perform some quick and dirty backtesting to evaluate strategies, just call: + + backtest_short(ticker, n_tests, ncores, vendor = "quandl", ...) + #ticker can be one or multiple tickers + #n_tests number of forecasts to evaluate per ticker + +Currently this section only works if you have the sharadar equity price tables from quandl - see readme for more details. + +# Speed + +The screeners and backtesting functions use the foreach and parallel packages in R to make use of parallel processing - just specify the number of cores you want to use. + +I also included some sample code for plotting the output on the github readme as well. In fact - please check out the readme! a lot more details there on how to use/ what I think its useful for etc. + +&#x200B; + +Super excited to share this with you all! +All the shit I have to hear in the office. + +The god damn "i-told-ya-so" from John. "I have no idea how stocks or anything like that work but i know bullshit when i see it. I can't believe people were dumb enough to buy fake money." + +Yea ok mate, if i need a status update on that box of donuts in the break room, you're my go-to guy. other than that? shut up and go back to being shit at your job. + +Then you've got Becky, flapping her useless mouth in the background who "knew" bitcoin was a scam when her boyfriend's Sister's cousin told her that the "bitcoin inventor guy" posted on his website that he was selling all his bitcoin. + +"Money can't just be numbers on screens, that's not how money works. it has to be something you can hold as well! With all this net neutrality stuff going on you'd be crazy to invest in money that they can just shut down with the flick of a switch!" + +Becky, last week i heard you ask the IT guy if you needed two mice plugged in to your computer if you want to use two screens at once and now you have a working knowledge of both the monetary system, crypto currencies AND the internet?! that's very impressive. + +I have no idea why this is annoying me so much, I just found the need to rant while waiting for a meeting to start. + +Edit: people seem to have come to some weird conclusions that i've been doing nothing but come to work and try sell crypto to the entire office. the "i told ya so" isn't directed at me or anyone in particular, it's just general chatter around the office. i'm not printing out weekly bitcoin news letters to put on peoples desks or waiting by their car at night to ask why they haven't bought BTC. + +Try not to jump to conclusions based on a semi-satirical piece of information. + +Don't be a John or a Becky + +the salty no-coiner input here is the best part. shout out to /r/all and probably /r/buttcoin +little backstory - I'm an insurance agent by day, pizza guy 3-4x a week after work and weekends. + +Last night I was working at the pizza joint, get a call, lady orders a pizza and wings, nothing fancy, I think around $24 total, she says she'll pay cash. It's in the oven cooking and I'm working on something else and the phone rings. + +the caller ID shows me it's the same lady who's order is in the oven. + +* me - \[pizza chain\] this is \[me\] how can I help you? +* lady - yes this is \[delivery address\] I just placed an order, but I don't have the cash to pay for it. +* me - oh I'm sorry, looks like it's in the oven so my driver isn't out there yet, what would you like to do? +* lady - I think my credit card has enough to cover it, here - +* *enters credit card info, declined* +* me - sorry ma'am, it was denied, it doesn't tell me why +* lady - oh, okay try this one - +* *second credit card entered, denied also* +* me - sorry ma'am, same thing. +* lady - okay well I'm gonna have to cancel my order. + +When I hung up the phone I just felt so bad for this lady. Unable to buy $25 worth of food for dinner tonight, credit cards seemingly maxed out, and less cash than she thought she had. + +I spent the rest of my shift thinking about what I'd do with $24 if it's all I had for food. I work this job for extra cash and to help pay off my student loans, but things like that really hit home for me. I hope she didn't go hungry last night. +Hi guys, + +I'm from a third world country called India. The right-wing fascist government here is planning to ban all cryptocurrencies. (They are so tone-deaf they called Bitcoin a ["private cryptocurrency"](https://www.newsweek.com/india-drafts-bill-create-government-cryptocurrency-ban-private-cryptocurrencies-exceptions-1566558)). + +Of course, you can never ban Bitcoin due to its decentralized nature and you might be thinking why I am selling my crypto when I could just as easily use a VPN. Well, the answer is that you don't live under this government. In 2019, the country was undergoing civil unrest with riots in the capital in the [CAA protest](https://en.wikipedia.org/wiki/Citizenship_Amendment_Act_protests) against a bill that discriminated based on religion. They silence journalists, kill protestors, and control not only just the media but also the judiciary. It's. fucked. up. + +Currently, many [farmers of the country are protesting against the new farm laws](https://en.wikipedia.org/wiki/2020%E2%80%932021_Indian_farmers) which have been deemed anti-farmers and pro-corporate. The government was apathetic to the protest initially and then they were cruel, and brutal. + +[When Greta Thunberg and Rihana tweeted about the issue](https://indianexpress.com/article/india/rihanna-farmers-protest-mea-7173657/), the government lost its mind and used the Ministry of External Affairs to issue a statement... against a pop star and a teenager. The protestors are also dealt with harshly and Delhi has been turned into a fortress keeping them out; more than a hundred farmers have died but the government remains apathetic. + +Meanwhile, the Reserve Bank of India prohibited all banks in India from accepting cryptocurrency transactions in 2018. However, the industry went to the Supreme Court and the order was deemed unconstitutional in March last year. The crypto industry rose in India again and just as more people were buying in, the government comes out with a bill that fines a person 3x to 10x their gains on crypto or a jail term up to 10 years, or both. + +The worst part is that the bill states that it's up to the government to decide how people should dispose of their crypto after its banned. And you know what, it's not beyond this government to take all the crypto for themselves and claim they "destroyed it". [All governments have a history with corruption in India](https://en.wikipedia.org/wiki/List_of_scandals_in_India). My exchange is linked to my bank accounts and my central government tax ID, and they can easily track me. + +That's why I'm selling everything I have, for now, just to wait it out and see what happens with the bill here. I really don't want to sell but I think it's better if I cash out instead of letting the government decide what I should do with my coins or face jail time. + +I know India is probably not in your circle of concern right now but Bitcoin was about decentralization, about resisting government censorship and it seems the fanatical government is hellbent on making sure nobody can hold crypto by threatening harsh punishments and penalties. However, this is also good for crypto because the government is scared of it due to its growing power, just like its scared of Rihana and Greta Thunberg. + +I hope the bill never passes but most likely it will and bring an end to the crypto industry here again. + +EDIT - /u/makeingcent5 gave this post a Platinum Award which comes with 700 coins. I have never received reddit coins before and never had the chance to award comments or posts so I'll distribute it to as many top comments here as I can. Cryptocurrency might be about decentralizion but it also brings the world a bit closer in a way. Thank you. /u/Pos1tivity gilded this post and 100 more coins have been redistributed to top comments + +Since this post has become so visible, here's a campaign Indian exchanges are running - https://www.indiawantsbitcoin.org/ + +Last Edit - It's 5:21 AM here and I'm crashing. Thank you for all the support and comments, cryptocurrency is the future and nothing can stop it no matter what governments try. I just hope this post raised awareness about what's happening in this part of the world and why it's so dishearting. You'll are the best. +# The OTC Conspiracy plot thickens... + +# January 2021 OTC trades just increased by over 32% overnight. + +I was compiling data for a separate DD, but found this new "glitch" on the [FINRA OTC website](https://otctransparency.finra.org/otctransparency/OtcIssueData) data and feel like we need more eyes and ears on it before the data "expires" on the OTC website. + +Keep your screenshots apes! + +[Robinhood is still cooking the January books to try to make their numbers work](https://preview.redd.it/zq8xniy18jh71.jpg?width=1065&format=pjpg&auto=webp&s=2cea44dd48c019b74ebf4a386f351f82db0bb085) + +After previously having **ZERO** OTC transactions in January 2021, on **8/10 and 8/11** (last Tuesday and Wednesday), Robinhood added **1,869,026 shares** and **1,850,153 trades** to the January running total. + +# One million, eight hundred fifty thousand, one hundred fifty-three previously unreported OTC trades from January 2021... + +That increased January's GME OTC numbers to: + +**527,116,572** shares traded + +**7,627,798** trades + +and brought the January average shares/trade down from 90.91 to **69.10** (nice). + +&#x200B; + +**Robinhood Securities** is now responsible for over **24%** of the January 2021 GME OTC trades, after accounting for **0%** up until last week. + +The number of January GME OTC trades increased by **32%**. + +I guess DFV isn't the only one with a time machine. + +&#x200B; + +Is this how they're rationalizing all the fractional RH shares from January that were used in transfers to Fidelity? + +They just kept a rolling tally of IOUs tucked away in a suitcase and plugged them into past OTC data from back in January, hoping we wouldn't notice? + +https://preview.redd.it/zetoxxeykjh71.png?width=577&format=png&auto=webp&s=2dddaa3bc88d203ccd975d491d254ee5a80d2cd1 + +Here are links to my previous DD's to show that the data has been 'manipulated': + +[The OTC Conspiracy](https://www.reddit.com/r/Superstonk/comments/myf505/probably_the_last_dd_youll_ever_need_to_read_the/) + +[GME, Idiosyncrasies, and Infinite Banana Trees](https://www.reddit.com/r/Superstonk/comments/oejtty/the_otc_conspiracy_gme_idiosyncrasies_and_the/) + +&#x200B; + +[Where Robinhood???](https://preview.redd.it/zbyaezlv8jh71.png?width=688&format=png&auto=webp&s=5e80ea5fb6ff07cefcb7fffd3a0d7faa784c4e12) + +# And lastly, let's take a look at the available January weekly data: + +**Week of 1/18/21** + +[A 15.23&#37; increase in GME weekly trade data for the week of 1\/18\/21, courtesy of RH Securities on 8\/10\/21](https://preview.redd.it/d3mqrsxzejh71.png?width=834&format=png&auto=webp&s=83e4bf827227b07aa930ff5d2d49fa91c8d4cb78) + +https://preview.redd.it/36btbyvaqjh71.jpg?width=1202&format=pjpg&auto=webp&s=5407a3e025066c922d9127ca491398c6178dfaa8 + +**Week of 1/25/21** + +[A 38.95&#37; increase in GME weekly trade data for the week of 1\/25\/21, courtesy of RH Securities on 8\/11\/21](https://preview.redd.it/cdmvr36vijh71.png?width=835&format=png&auto=webp&s=f19bef2f79a02d75cc4228a8af1b320ab462a0a1) + +https://preview.redd.it/5ujvcnqcqjh71.jpg?width=1209&format=pjpg&auto=webp&s=08300f05373f3ae2dae3cefc770e7c4e403689d9 + +**20 OTC participants** during the week of 1/25 to try to keep the rocket from launching? + +Almost **186 million shares** traded OTC in one week (when the actual GME float was less than 30 million)? + +Almost **6 million trades** OTC? + +RH sliding in almost 7 months later to cook the books and increase the weekly number of GME OTC trades by **38.95%** to try to make the numbers work? + +# Hey SEC, GG, FINRA, FBI - wut doing??? +Isn’t the stock market mostly an indicator of how well corporations are doing? If they are doing well than why is the stock market falling at unprecedented rates? +Generally speaking corporations are only taxed on their profit - that is the cheese they actually keep after they have accounted for losses and operating costs and other debts. Individual citizens on the other hand are taxed on their entire income, effectively all of their "revenue", despite what other expenses they may have to account for - rent, medical insurance, dent payments, etc. Are there any valid reasons for this discrepancy? + + +I am looking for a non-political answer to this, hehe, as much as possible. I know that's kind of an oxymoron, but what I mean is that I am wondering if there are any *well reasoned* positions, supported by some kind of data or academic theory, and not just something rooted in principles of social justice or free-market evangelism or anything like that. e.g. is there a monetary or "sound money" reason. + + + +**∆I am American and only have experience with individual taxes in the United States, I understand that this question might not apply other places, but I am assuming it is the same in _most,_ so let's just take that as a baseline** +Hi /r/Bitcoin! + +You might've heard of PTSD. It's a debilitating illness usually affecting people who are _already_ victims, like sexual assault survivors who still suffer and are tormented every day since. Not only do they experience traumatic flashbacks, even sleep is no relief thanks to serious nightmares. It is life threatening. + +Existing treatment for PTSD aren't great. Therapy can be helpful, but they're often not enough, especially for severe PTSD. There are only two drugs approved by the FDA: SSRIs like Zoloft and Paxil. Those drugs must be taken continuously, and can cause serious side effects. Mania, seizures, inability to orgasm, and suicide are known side effects. + +In 1986, a nonprofit named MAPS was started to develop legal contexts for beneficial uses of psychedelics and marijuana. 31 years later, MAPS has found its most promising candidate yet: MDMA-assisted psychotherapy as a treatment for PTSD. + +# The numbers: 68% (MDMA) versus 25% (placebo) + +They've already conducted Phase 2 studies in the US, Canada, Israel, and Switzerland. After a comprehensive therapeutic process involving preparatory sessions, MDMA-assisted therapy sessions, and non-drug therapy sessions, **61% no longer met the criteria for PTSD**. This improved to **68%** after a year. Of those who met the criteria, many experienced significant reductions in symptoms. This is compared to only 25% for the placebo group, who received all the therapy, but with a sugar pill instead of MDMA. + +For most people, the benefits are lasting. MAPS conducted one long-term outcome study, evaluating patients ~3.5 years after the last MDMA-assisted sessions. Average benefits even increased slightly over time. + +> "The MDMA sessions were the first time I'd ever felt love for myself. It was the first time I'd ever felt happy. I hugged my therapist and said 'Thank you.'" + +After MAPS' studies, the FDA granted ['Breakthrough Therapy Designation'](https://www.maps.org/news/media/6786-press-release-fda-grants-breakthrough-therapy-designation-for-mdma-assisted-psychotherapy-for-ptsd,-agrees-on-special-protocol-assessment-for-phase-3-trials) to MDMA-assisted psychotherapy. + +Now they need to conduct Phase 3 trials, which are far costlier due to requirements for an increased sample size, groups, etc, even through the stage with highest failure rates (Phase 2) is already over. MAPS has achieved the extra-ordinary journey of bringing MDMA-assisted psychotherapy all the way to Phase 3; a drug that pharmas will never touch because it will disrupt their recurring revenue streams of SSRIs. + +# Phase 3 + +Phase 3 will cost about $25 million. They've raised $17 million already ($1 mil from PF included), and need another $8 million to get to the finish line. + +I have never donated to MAPS (or even heard of them) before starting the Pineapple Fund. PF donated $1 million, and that inspired another anonymous donator to **give another $1 million** in bitcoin. To whoever you are, you're amazing, and you are inspiring. <3 + +**I believe we, the cryptocurrency community, can fully fund Phase 3 trials**. Prescription MDMA could be a gift to this world from the bitcoin community. + +If the trial succeeds, it could be approved as early as 2021. MAPS has created a public benefit corporation, fully owned by the non-profit, that would sell MDMA post-approval. This is a scalable and **financially sustainable** structure that could kickstart a renaissance in research into the therapeutic applications of many different psychedelics. + +**Pineapple Fund will double the value of every donation to MAPS** from today until March 10th, up to $4 million. + +You can donate with bitcoin. It's like donating bitcoin for $30,000 each! + +http://www.maps.org/donate-redirect/cryptocurrency + +You can also donate with legacy payment systems like [credit cards or PayPal](https://store.maps.org/np/clients/maps/donation.jsp?campaign=103), and PF will also match that donation. + +Your donations are tax deductible (if you're a US taxpayer), and you don't even have to pay capital gains tax. Ask for a receipt if so. + +Let's make MDMA medicine a reality, and give the gift of an enjoyable life to those suffering from PTSD. If you believe that psychedelic drugs can have incredible therapeutic potential, then I believe this is one of the highest impact projects today. + +And let's do it with cryptocurrency :) +&#x200B; + +# If you are buying dogecoin because: + +1. *You are doing it for short term profit (Which is a risky game you are playing)* +2. *You are doing it for fun* + +&#x200B; + +**I'm okay with this because you understand the dynamics involved.** + +&#x200B; + +# But if you are doing it for long term profit... + +&#x200B; + +https://preview.redd.it/vmrn8qo7hxu61.png?width=1095&format=png&auto=webp&s=777bb4a5f8341d8f310854ffe3f743bc21205477 + +**Lets examine this:** + +&#x200B; + +Note: I calculated this when dogecoin was at $0.32 several days back (this might not reflect the price when you read this) + +&#x200B; + +[https://www.coingecko.com/en/coins/dogecoin](https://www.coingecko.com/en/coins/dogecoin) + +&#x200B; + +* **Although there are many factors that drive Cryptocurrency price, this is a general way to calculate what the price of a cryptocurrency is going to be.** + +https://preview.redd.it/kbiy1nrzhxu61.jpg?width=1098&format=pjpg&auto=webp&s=902c50332aa269726b18b8ad1ad399c90f362d25 + +&#x200B; + +* **When you are dividing, if the top number is higher, the answer will be a higher number.** +* **When you are dividing, if the bottom number is higher, the answer will be a lower number.** + +https://preview.redd.it/7stufha9ixu61.jpg?width=1098&format=pjpg&auto=webp&s=321c77a9ee07dc367175896d00a2f7e1df7f2f20 + +* **In order for the Market Cap (Top Number) to go up, many people would have to buy dogecoin**, but many people understand this is a meme coin or a pump/dump coin. They are using this as short term profit or self entertainment because there is no long term adoptation compare to other crypto currency projects. +* **In order for the Circulating Supply (Bottom Number) to go down, they would have to stop mining dogecoin**, but there is 14.4 Dogecoins being produced in one day which is 5 Billion Dogecoin a year. + +&#x200B; + +* **If you want DogeCoin to be $10** based on the circulating supply we have now, then the **Market Cap would have to be 1.29 Trillion** *(Note: I calculated this several days back, so the number might be even higher now)*, **that's if DOGECOIN STOPPED MINING and NEVER MAKE ANYMORE!** + +&#x200B; + +https://preview.redd.it/y8uj7wpnkxu61.jpg?width=1098&format=pjpg&auto=webp&s=51bad19cb85914a73423e7e106f224b6fabc6133 + +&#x200B; + +* **How big is a 1.29 Trillion Market Cap? How much would it need to reach $10?** + +https://preview.redd.it/z0x2clr2mxu61.jpg?width=1098&format=pjpg&auto=webp&s=d106a23320cfb6d4aedce9742171525939e4ebc2 + +* **Dogecoin would have to overtake Facebook and Tesla!** + +&#x200B; + +**Once again, this is if Dogecoin stopped mining right now and produced no more Dogecoin supply, but Dogecoin will produce to infinity, it will not stop producing because there is no cap.** + +&#x200B; + +**This is like trying to mop a wet floor that has a water leak and the water leak will never stop leaking. Yes, you can recruit more workers to mop the floor, but at some point the workers will quit and leave, then you are left mopping the water by yourself and eventually you will drown in the water.** + +&#x200B; + +**Take your mop and go home!** + +&#x200B; + +PS: I'm NOT posting this in Dogecoin subreddit. I will get stoned to death. +#Welcome to META RUFFY 🚀 + +###What is META RUFFY platform about: + +- Meta Ruffy is an open world in the Metaverse based on the latest technology which merges together, web3.0, blockchain, VR and AR We have made it our business to dominate the entertainment area in the Metaverse that means We are building an open world „RUFFY World“ with different subject areas + +- With Meta Ruffy you enter a world, where the creation of entertainment is the essence within its metaverse. We built various entertaining components into the Ruffy World namely entertainment clubs, resorts, social-gaming, dating, NFT marketplace with many further developments that will enable an open world of co-creation for any participant within our Ruffy World. + +- The Meta Ruffy Metaverse is active and ready to be explored ! The world will “by design” be available on a multi platform basis, being Windows, Mac, Android, IOS, WebGL (Browser), VR (Oculus), Play station, and Xbox so everyone, no matter what your technological experience level is can partake and discover the world we have created. + +&nbsp; +###META RUFFY important links: http://links.metaruffy.io/ + +🌍 Website: https://www.metaruffy.io/ + +☎️ Telegram: https://t.me/meta_ruffy + +💬 Twitter: https://twitter.com/meta_ruffy + +&nbsp; + +Dear METARUFFY ($MR) Community +&nbsp; + +We are thrilled to share the big news with you: + +- ✅ 10k Mystery NFT's are available and can be purchased with 0.1 BNB/each: https://www.metaruffy-dapp.io/randombuy + +- ✅ Metaverse is ready to explore and expand (Browser, Android, iOS, Windows, MAC, Oculus). + +- ✅ Whitelist competition is now live! +https://contest.metaruffy.io + +&nbsp; + +#####P.S. This is just the beginning…more exciting news coming soon! + +##🎊🔥WHITELIST GIVEAWAY🔥🎊 + *META RUFFY - 3 Spots* + +####To enter: +✅Join their TG @Meta_Ruffy, follow the link, and then join their International Group + +✅Say "@Lucky_Calls sent me" or use our sticker! + +✅Reply to this post WITH BSC WALLET ADDRESS + +&nbsp; + +▬▬▬▬▬▬▬▬ + +🚀💎 META RUFFY 💎🚀 + +🤳 The opportunity is coming your way +🌎 A new world is created + +&nbsp; + +👉Connect with the loved ones + +👉Meet new people + +👉Play together + +👉Earn at the same time + +👉 Doxxed team of 15+ members + +🌝 Moon is closer with #MetaRuffy $MR + +#Are you ready to make your own rules in #Metaruffy World? 💥 +#💎 WHITELIST PRESALE SCHEDULED FOR 02/04/2022 💎 + +###🏆 The best chance of getting whitelisted is via their SWEEPWIDGET! Check @meta_ruffy for details 🏆 + + +&nbsp; + +###Checklist prior to WL Presale: + +&nbsp; + +####Certik (AUDIT + KYC + SKYNET + AMA) – Paid for and in progress + +####Mystery-Staking with double rewards APY + BUSD – Online and ready! + +####Mystery NFT – Online and ready! + +####NFT-Staking – Online and ready! + +####NFT-Marketplace – Ready to be explored and expanded in our metaverse! + +####10k unique NFT Collection – Online and ready to be purchased from our dapp. + + +&nbsp; + +- Be ready for the biggest moonshot in the history of the BSC space! We are aiming for the top 100 on CMC and one thing about this team made up of experienced subject matter experts, we don’t promise anything, we just deliver results!! + +&nbsp; + +#🚀Come join us and begin your journey in the Metaverse!🚀 +Title + +[https://www.livemint.com/news/india/govt-to-ban-54-chinese-apps-that-pose-threat-to-india-s-security-report-11644813401023.html](https://www.livemint.com/news/india/govt-to-ban-54-chinese-apps-that-pose-threat-to-india-s-security-report-11644813401023.html) + +I wonder how justified this is. It seems like Indian goverment just want to increase the market share for Indian companies. India has nearly as much population as China, and its economy is growing rapidly. + +Any thoughts? +Everyone is always writing that 30 to 45 DTE is the sweets spot, but I haven't quite figured out why. When i look at profit per week, shorter DTE outperform longer ones by a lot. Say you want to stay around a 0.3 delta, premiums will look like: +1 week out: $1.11 ($1.11 per week), +2 weeks out: $1.70 ($0.85 per week), +3 weeks out: $2.44 ($0.81 per week), +4 weeks out: $2.61 ($0.65 per week). +I understand there is an increased gamma risk and there is less time to adjust if the underlying is going against me, but the monetary risk is always about the same since it depends on the strike price and profit is almost double when selling weeklies compared to 4 weeks out. +So what's the deal with the 30 to 45 DTE? What am I not getting? +Yes, I know it’s vain. Yes, this is an alt. + +I’m interested in non-invasive or minimally invasive treatments that actually work. In the future I may be open to plastic surgery, but not for a few decades. There is so much on the market and frankly, most of it just seems like a cash grab. + +I’ve worked really hard over the last decade to get to where I am. I’m 34. I’d like to preserve whatever youth I’ve got left and take care of myself now. And yes, I do work out and eat healthy. +About a month ago I posted an [analysis of a deal](https://www.reddit.com/r/realestateinvesting/comments/g7kqrj/sellers_are_still_crazy/) that a broker sent me, and I promised to do a break down of my current park. And since I'm putting together a refinance package I figured I'd go ahead and do it now. + +Because I know I'll get DM's I'll start by telling you the story. And at the bottom you'll see the math. + +***My Story:*** In 2012 I started buying 4plexes in Vegas, and LEAN FI/REd at the age of 35, living off of 3k/mo. I realized it wasn't the life that I wanted and became determined to be FAT FI/REd ($10M NW, 300k/yr) I wrongly sold my units and more than doubled my initial investment of 100k. I falsely believed the parroted words that getting into commerical was easier, no job, no assets, no credit no problem. Well that turned out to be a lie, and after being denied the third time by bank on personal NW/Income requirements for 50+ unit multifamily, I pivoted my investing to Lending to flippers, and did some flips myself, a Non-Perform-Note or two, a wholesale or two, but knew since I loved the business model that I wanted to get into MHP. + +**How I Found this Park:** I was at a Networking event when a newbie came in and they had a mobile home park under contract and wanted to figure out how to put a syndication together. I asked him how much his park was selling for, and he said $750k! I explained to him you only need about 25% of the purchase price (187,500) to purchase, and you don't need to syndicate, you just need to know someone who has that kind of cash. So I invited him to lunch. We evaluated the deal, and it was actually a terrible deal. But a partnership was born. So I gave him the metrics we would be looking for. + +1. 30%+ COC +2. must be able to double the value with In-Fill, Sale of Park Owned Homes, Filling Vacancies, Or addition of other income. I do not want to be an investor who rolls in, raises rent $100/mo and calls that a success. +3. 100+ Pad Site (to support Full Time Employees) + +For 18 Months we looked at 5 deals a week, sent 1 Letter of Intent to Purchase a month, and Went under contract once a quarter. Of the other 5 deals we looked at there either were massive CapEx expenses, faults with advertised rents, or Waste Treatment systems that need repair beyond 50% of the purchase of the park. + +And then one day, he downloaded this OM into the dropbox, and I happened to be sitting at my computer, looked at the OM. 16.5 Cap, 750k purchase price, 150 Park Owned Homes, 24% vacancy. We immediately sent a Letter of Intent (30 minutes later) + +**How We Closed and Why We Got a Deal:** During due diligence we found that the demographics of the park did not match the cities demographics, and the 80 year old Property Manager, had lived in the community since it was built. There has been years of embezzlement from the previous property manager, and the owners were using this park for parts for their other parks. They wanted to get rid of it and improve their other parks (which also are larger parks). + +We secured a 165k Seller Second, and have a Hard Money Loan of 460k, and I brought 165k to the table. Our Hard Money Lender gave us a 90k Line of credit to do rehab. We closed in October of 2019. + +I own 80% of the equity, my Acquisition Partner brought no cash, and has a 10% equity stake, the Managment Partner brought no cash and has a 10% equity stake. + +**Details of the Park at Purchase** + +|PP: 750,000|Cap Rate: 16.50|Economic Occ: 26.6| +|:-|:-|:-| +|Average Rent: $315|Total Sites: 188|Empty Lots: 28| +|Occupied Units: 45||| + +Financials: + +|Rent:|$710,279|| +|:-|:-|:-| +|Vacancy:|$529,000 (This Was Wrong at PP)|Actual: $532,980| +|GSI:|$266,581|| +|\--------------------------------|\--------------------------------|\--------------------------------| +|Wages:|$12,000|| +|Repairs & Maint|$22,175|| +|Landscaping|$770|| +|Administrative|$2,913|| +|Water & Sewer|$51,722|| +|Electric|$44,712|| +|Trash|$4,347|| +|Telephone/Internet|$3,158|| +|Insurance|$5,640|| +|Tax|$18,579|| +|Expenses:|$166,016|| +|\--------------------------------|\--------------------------------|\--------------------------------| +|NOI|$100,565|| + +**How does a Cap Rate, at Refinance actually work?** Commercial real estate is valued by the capitalization of income. Which means whatever the Cap Rate that the property is judged to be at the income is divided by the percentage to increase the value of the property. So If I raise rent on the 45 existing units by $10 month and make no other changes $10 \* 45 \* 12 = $5,400 then we apply the 16.5% Rate ($5,400 / .165 = $32,727) Increase in the value of the park. But what if I sold and leased another home ($350 x 12) / .165 = 25,454. Each home I sell and lease the lot to adds $25k to the value of my park. And I've got about 110 vacant homes that came with the purchase of the park. 120 \* 25k = $3,000,000 + +**More Cap Information:** So I purchased at a 16.5 cap. A 2-3 star park in the area of 150+ units or more with a vacancy rate of 5% trades at a 5cap. So I did some math .165 - .05 = .115 (Cap Rate Delta).115 (cap rate delta) \* 120 units Each home I sell reduces my cap rate by .00096 + +**Details of the Park At End of May:** + +&#x200B; + +|Value:|Cap Rate:|Economic Occ: 38.75| +|:-|:-|:-| +|Average Rent: $325|Total Sites: 188|Empty Lots: 28| +|Occupied Units: 62||| + +Trailing 7 Month Financials: + +&#x200B; + +|Rent:|$138,323|| +|:-|:-|:-| +|Vacancy:|$0|| +|GSI:|$138,323|| +|\--------------------------------|\--------------------------------|\--------------------------------| +|Wages:|$30,784|| +|Repairs & Maint|$3,510|| +|Landscaping|0|| +|Administrative|$11,558|| +|Utilities|$39,804|| +|||| +|||| +|||| +|Insurance|$1,898|| +|Tax|$1,467|| +|Expenses:|$89,021|| +|\--------------------------------|\--------------------------------|\--------------------------------| +|NOI|$37,758|| + +Notes: + +* We don't record gross rents on a PNL statement +* I've rolled W/S/G and Trash into Utilities +* And Telephone into Administrative +* We haven't recorded the Winter Property Tax Bill of \~$15k + +Side By Side Comparison: + +|Rent:|$710,279|3900 \* 188 = $733,200|\+ $23,000| +|:-|:-|:-|:-| +|Vacancy:|$532,980|3900 \* 126 = $491,400|\- $37,600| +|GSI:|$177,299|$241,800|\+$64,501| +|\--------------------------------|\--------------------------------|\--------------------------------|\--------------------------------| +|Wages:|$12,000|$30,784|\+18,784| +|Repairs & Maint|$22,175|$3,510|\-18,665 (They had Wages in R&M)| +|Landscaping|$770|$0|\-770 (we fixed the plow)| +|Administrative|$2,913|$11,558|\+5,487| +|Telephone/Internet|$3,158|<--- We rolled this up \^|| +|Water & Sewer|$51,722|$15,807|\-$35,915 (Remember how I said there was theft?)| +|Electric|$44,712|$23,995|\-$25,064| +|Trash|$4,347|<--- We rolled this up \^|| +|Insurance|$5,640|$1,898|$-3742 (they had other properties Insurance paid through this llc)| +|Tax|$18,579|$1,467|\-$17,112| +|Expenses:|$166,016|$89,019|| +|\--------------------------------|\--------------------------------|\--------------------------------|| +|Trailing 6Mo Annualized|x2 + 15000 Taxes|175,104 + 18,579|| +|||$193,683|| +|\--------------------------------|\--------------------------------|\--------------------------------|| +|NOI|$100,565|$48,117|| + +**WAGES:** + +When we annualize wages it comes out about $61,000. About 2/3rds of that will be assigned to capital expenses (which excludes it from NOI) as we do our taxes + +NOI +48,117 + 40,000 = 88,117 + +**What else is missing?** + +* Utility Billbacks! Water +10,112, Electric + 10,123 = 20,235 x 2 (for annualization) = 40,470 + * NOI 88,117 + 40,470 = $128,587 +* Lease To Own Payments: 15 Units \* ($150/mo \* 12 Months) = $27,000 + * NOI $128,587 + $27,000 = $155,587 +* Miscellanious Fees (Pet Fee, Late Fees, Maintenance Call Fees, Citation Fees): $7,186 + * NOI $155,587 + 7,186 = $162,773 +* CAP EX Materials Spending: ***$54,000 (I finally got to that number)*** + +**What Does that Mean?** + +I spent $54,000 to increase the NOI of the Park by $62,208. If I apply the 16.5 Cap Rate I've increased the value of the park by $377,018. + +... but wait... there's more ... Remember how way back I said for each home sold I decrease the cap rate by .00096. Well, we added 15 units So .165 - .014 = .151 so I actually apply a 15.1 Cap Rate + +# $411,973 + +**What Does the Future Hold?** + +I am currently targetting a 2.5M ARV for my new loan, at Covid-19 terms I'm looking at a 65% LTV structure. The Park is already valued at a conservative $1,077,967 (I should note, that the original PP of the parks was $600,000 and then $100,000 for the homes, and $50k in business assets/goodwill), so I have almost doubled the value of the park in 8 Months. A new loan at the current value would cash out my existing loans but leave me with my original investment left in it. + +If I get the loan on the 2.5M ARV at 65% The new loan would be 1,650,000, which would net me $900,000, We'd retain $500k for the stage 2 rehab, and distribute $400k. On my 165k investment I would get $320k tax free, and would get my intial investment of 165k back. My ROI would be \~200% in less than 8 months. My Partners will get $40k each, which is an infinite ROI. + +Once we refinance we will start searching for 2 more parks to get our Pad Count as close to 500 this year as possible. + +EDIT: Book Recommendations: + +* Dave Lindhal - Multifamily Millions. +* Lonnie Scruggs - Deals on Wheels +* Frank Gallinelli - What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures +* To me those are the essential REI books. After that, read about: +* accounting +* finance +* people management (Dale Carnegie) +Like, i know people like to talk about inequality (at least in the USA) but the median wage in america is like 4 to 6k usd, compared to 3k in some of europe most expensive cities + +Singapore you would think would have similar wages due to similar GDP per capita, but some average people there make less than cleaners in Norway + +And Switzerland is just out of the park, although this one i think is due to how expensive that country is + +What explains this, is it the Silicon Valley or American research spending or something like that? +Hey guys! +I was just thinking about 3D printers today and thought about how it very well could be the way of the future. Anyone know of some 3D printing penny stocks I can throw into my TFSA? +EDIT: Updating to include Wes Christian as a reviewer. + +I have officially finished the HOC part II and submitted it to Dr. T, Wes Christian and Dave Lauer (u/dlauer) for review. They are welcome to share among their peers, as well. + +I have shared this document with the MOD team and asked them to keep it hush-hush until we receive feedback. They can give their impression, but not any detail. + +That being said, it is a 24 page word document explaining how big the House of Cards truly is. Instead of trimming out vital information, I have decided to double-drop parts II & III at the same time once I have feedback from the experts. + +I appreciate everyone being patient and ask for you to give our experts the time they need to fully review the findings. This is important and I appreciate all of their efforts to make the story airtight. + +💎🚀 +The Reverse Repo Program (RRP) is, in layman’s terms, a program where market participants lend cash to the Federal Reserve, in exchange for an interest rate of usually 0.8% and typically overnight in exchange for Treasuries or other government securities, with a promise to buy them back. + +That rate today changed from 0.8% to 1.55%. + +Today’s (6/15/22) RRP was over $2,000,000,000,000 (Yes. Two TRILLION dollars), so that means those market participants will get over $84,000,000 (84 million dollars) total when they return those securities tomorrow on 6/16/22. There were 96 market participants, meaning of that $84,000,000 on average the market participants will get back approximately $875,000 tomorrow EACH. This happens on a DAILY BASIS! On average over $4,000,000 a week is going to these market participants. + +So while market participants are getting nearly a million dollars daily on average, the average citizen is paying over 8% more this year for gas, food, rent, and more. + +Oh yeah. That 8% more? Yeah… It’s most likey double digits (think 10% to 15% minimum) thanks to the Federal Reserves recalculation of what’s included in their inflation “calculations” + +When the shit TRULY hits the economic fan, don’t be angry at your neighbor for whatever their personal choices are. Be mad at those who are responsible. + +As someone I know once said “To hell with the left and the right. Stop dividing the people💜” + +Bullish + +Edit 1: Maf + +Edit 2: The point I’m trying to make is that market participants are getting paid more daily by the federal reserve while everyday people continue to be hurt by inflation + +I am not trying to say the RRP award is tied to inflation in any way +So trading isn’t what it’s all cracked up to be, the mental toll is very high in Day Trading. I’ve learned some harsh lessons after 5 years full time and compiled the most important. + +1. You’re most likely going to blow your first account, no matter who teaches you or how hard you study you’re just gonna have to learn the hard way. I blew up 3 accounts in one year 2015 before the next year making $100k before taxes. The best way to know you’re ready is if your trading account got wiped out would it ruin you? If yes then don’t trade, if no then on to the next step. + +2. NO STRATEGY IS PERFECT! Don’t expect to nail every stock that sets up the morning or does an R/G move and flys. You always have the possibility of a runner not being tradeable to your standards, my BIGGEST issue early on was if I saw a stock run 100% during the day and I never entered then I was missing out. Which then would cause me to chase and lose money on the backend. I kid you not at this point in my career I could give 2 fucks if a stock doubled during the day, all I’m worried about is could I have entered with minimal risk for the time frame. + +3. EMOTIONS ARE NOT YOUR FRIEND! If you analyze your trades closely I guarantee the trades you’ve been emotionally selling is solely due to the amount of money spent on the trade. If I bought $100 worth of shares I could care less about a big downward swing or sideways action but if I’m in $10k then all of a sudden you so quick to take profit and late to take a loss causing risk/reward to be flipped upside down. Trade small first then trade larger slowly. I blew my first account purely because I traded 100% size all the time and was a slave to my emotions. You will probably be more profitable with less money tbh + +Hope this helps, I want to help anybody best way I can. +Hello all, + +Let's use this thread to discuss the GameStop situation this weekend, please don't open new threads about it unless it is a unique perspective or brings very valuable information. + +Do note, posts and comments are still restricted to users with a higher Karma and account age. + +##Important information + +First, let's get some things out of the way: + +* The short squeeze has not squoze yet, short interest estimates are still extremely high, I won't post the sources and encourage you to search for it yourself. +* The gamma squeeze has not happened, it may happen Monday, it may happen gradually, it may not happen (if their positions have already been covered), it isn't necessary for anything to happen, however. +* The establishment is still lying about many things for the purpose of market manipulation (Jim Cramer, CNBC, etc.). These people are SOLD. Read Canadian news channels regarding the situation, they are much less biased! +* Google and Apple and removing negative reviews from bad brokers from their app stores, put a calendar reminder in 2-6 weeks to add your review at that time, instead of now. + +--- + +##Let's make a list of the Brokers that restricted the purchasing of specific tickers + +The worst thing that happened this week were the restrictions that our brokers put on buying specific tickers. This, obviously, affected the stock market, tanked those tickers, and significantly reduced our trust in the institutions at hand. + +Now, I'm aware the reasons for this are complicated, we know that for many of them, they were forced to restrict these tickers by their Clearing Houses (Apex being the main one), we don't exactly know why, or whether that is legal or not, however. + +**One thing for certain, the communication by the brokers and clearing houses was very, very, very bad. This, in turns, significantly harmed the public's trust in them, as well as the institutions in charge of regulating this.** + +Here is my list, please comment below and let me know which ones I've missed: + +### Horrible Brokers - Restricted purchasing of certain tickets and lied/gloated about it + +* Robinhood - [Now Blocking 50 Equities](https://seekingalpha.com/news/3656437-robinhoods-50-stock-limit-list?mail_subject=bb-ino-robinhood-s-50-stock-limit-list-with-spacs-makes-mass-exodus-likelier-alpha-tactics&utm_campaign=rta-stock-news&utm_content=link-73&utm_medium=email&utm_source=seeking_alpha) - [CEO lying saying they have no liquidity issues, 1 day before getting a 1 billion bailout](https://www.youtube.com/watch?v=6fs_lyGn4YA) - [Join the lawsuit against them if you were affected](https://robinhoodgamestopclassaction.com/) +* Interactive Brokers (US/CAN) - [Display visible contempt for Retail traders, wants GME to go to 17 before re-enabling trading](https://www.youtube.com/watch?v=7RH4XKP55fM) - [Blocked Trading212, as their acting intermediary](https://www.financemagnates.com/forex/brokers/trading-212-blames-interactive-brokers-for-trade-execution-delay/) +* E-Toro - [Proof](https://markets.businessinsider.com/news/stocks/robinhood-webull-m1-reopen-gamestop-stock-trading-2021-1-1030019926) - [Forced stop-losses](https://www.etoro.com/posts/0__entry__df95e7f0-1772-4ec7-a271-69b13ca229dd?utm_medium=Direct&utm_source=55714&utm_content=0&utm_serial=SocialSharePostcopyLink_918269&utm_campaign=SocialSharePostcopyLink_918269&utm_term) + +### Bad Brokers - Restricted purchasing of certain tickers + +* E-Trade - [Proof](https://www.theverge.com/2021/1/28/22254863/etrade-gamestop-amc-stock-reddit-wallstreetbets-robinhood) +* Ally - [Proof](https://www.wsj.com/articles/online-brokerages-restrict-trading-on-gamestop-amc-amid-frenetic-trading-11611849934) +* Public.com - [Proof](https://techcrunch.com/2021/01/28/webull-and-public-remove-restrictions-on-memestocks-after-citing-trade-settlement-firm-as-the-cause/) +* Merrill Edge - [Proof](https://www.streetinsider.com/Momentum+Movers/Merrill+Edge+said+to+have+put+restrictions+on+trading+in+AMC+Entertainment+%28AMC%29%2C+GameStop+%28GME%29/17879212.html) +* IG Broker - [Proof](https://finance.yahoo.com/news/gamestop-amc-uk-trading-platform-163546937.html) +* Trade Republic - [Proof](https://www.tellerreport.com/business/2021-01-29-%0A---trade-republic-and-gamestop--patronizing-investors-%0A--.BJNYXthWl_.html) +* Webull - [Admitted they were forced to by clearing firm](https://finance.yahoo.com/news/we-bull-ceo-explains-why-trading-was-restricted-amid-the-game-stop-market-mania-172539318.html) - [Clearing firm is Apex](https://www.youtube.com/watch?v=4RS4JIEVyXM&feature=youtu.be) - They'll be moved to neutral once they publicly confirm Apex was sole reason the trades were restricted. +* Stake - [Proof](https://hellostake.com/au/stake-updates/understanding-trading-suspensions/) +* Trading212 - [Proof](https://inews.co.uk/news/business/gamestop-uk-trading-robinhood-trading-212-gme-stock-restricted-legal-action-850465) - [re-enabled, caused by intermediary](https://twitter.com/Trading212/status/1355074914202628098) - [Intermediary is IB](https://www.financemagnates.com/forex/brokers/trading-212-blames-interactive-brokers-for-trade-execution-delay/) - [Restricted purchasing of other securities previous](https://community.trading212.com/t/gold-buying-restricted-in-larger-quantities/27987) - Based on them restricting securities before this, and countless complaints regarding other restrictions, I've put them back in the bad list. + +### Neutral Brokers - Restricted trading, publicly naming their intermediary + + +* Freetrade - [Proof, blames Barclays](https://www.cnbc.com/2021/01/29/gamestop-saga-uk-trading-app-freetrade-halts-purchases-of-us-stocks.html) - [CMO Interview](https://www.youtube.com/watch?v=V76UGdYAdcI&feature=youtu.be) - [CMO Tweets](https://twitter.com/v18n/status/1355258696885030915?s=19) +* M1 Finance - [Proof](https://markets.businessinsider.com/news/stocks/robinhood-webull-m1-reopen-gamestop-stock-trading-2021-1-1030019926) - [Blames Apex Clearing](https://twitter.com/m1_finance/status/1354837064072753152) + +* Tastyworks - [Proof, blame Apex Clearing](https://twitter.com/thetastyworks/status/1354879706991128578) +* Stash - [Proof, blamex Apex Clearing](https://twitter.com/Stash/status/1354839916761518083?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1354839916761518083%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.newsweek.com%2Fwebull-blocks-gamestop-amc-transactions-stock-market-robinhood-1565172) +* TD Ameritrade/Canada - [Proof](https://www.cnet.com/news/reddits-amc-and-gamestop-stocks-swing-wildly-after-robinhood-td-ameritrade-restrict-trades/) - [Proof2](https://www.cbc.ca/news/business/robinhood-gamestop-1.5891363) - (Margin requirements increased, Covered call and short put orders may only be placed with a broker and support times are > 2h, other trades restricted) - Neutral because they didn't restrict the purchase of stocks with cash. +* Revolut - [Proof](https://www.financemagnates.com/forex/brokers/gamestop-buyers-suffer-another-setback-as-revolut-bans-trading/) - Blames DriveWealth LCC + +### Good Brokers - Did not restrict trading + +* Most Canadian Brokers (Questrade, Qtrade, Disnat, BMO, HSBC, RBC, TD, etc.) +* Most European Brokers (Swissquote, TradeStation, Degiro) +* Fidelity +* Vanguard +* WealthSimple (CAN, US) +* Schwab (Margin requirements increased) +* You Invest (JP Morgan/Chase) +* Capital.com +* Wells Fargo - [allowed trades but banned its advisors from talking about GameStop](https://www.barrons.com/articles/wells-fargo-blocks-advisors-from-recommending-gamestop-amc-51611870929) +* Nordnet +* Citibank + +--- +### Note regarding the clearing houses + +The first step is to know why brokers restricted the trading. The second step is to investigate what happened with the clearing houses. Currently, the following clearing houses seem to have had the most issues: + +* Apex Clearing +* Barclays +* IKBR + +We don't know if these firms acted maliciously (protecting themselves before protecting the free market), or because they literally had no choice. If the former, they need to be punished. If the later, then laws need to change. EITHER WAY, something needs to change, this post is merely here to put attention on the problem, I don't claim to have the solution. + +Additionally, there needs to be open communication about this issue, currently, they are not saying anything on social media regarding this. Once they do, I'll update this post with it. + +Note: /r/ THICC_DICC_PRICC tried to explain this in some detail [here](https://www.reddit.com/r/stocks/comments/l90an8/an_explanation_of_what_caused_the_trading_halt/). I cannot attest to the accuracy/validity of his explanation, feel free to discuss that on his post. + +--- +We might keep this information on the sidebar...forever. Please help me build this list to completion. If you are using a broker in the bad list, even if you are not invested in the tickers that have been restricted, please consider moving to a better broker. + +Thank you all for your patience, we are sorry new members are not able to comment yet, we promise you will be allowed to once this is over! +Hi guys, I'm making a list of places to visit with the ultimate goal of finding somewhere to eventually settle down and set up a life (complete with owning property, getting involved in the community, etc.). + +After going to an international high school, going overseas for University, and spending the past year travelling, I am in a situation where my friends are scattered around the globe, rarely with more than one in a city. My family is also quite spread out now and since I have no mortgage or job, I really have no connection or ties to any city. + +My ideal place to live would have: + +\-good weather (nothing below 0C, I don't mind hot weather). If a place has bad weather for a month or two that's not a deal breaker, can travel + +\-low capital gains taxes (doesn't have to be a tax haven, just nothing crazy) + +\-is very safe, both in terms of personal safety and government stability. Also safe and secure banking access + +\-is lively and has lots to do (including both nature like hiking or going to the beach, and more social elements like sporting events and nightlife) + +\-Good healthcare (even if you have to pay for it) + +\-is easy to make friends and integrate into the society. If english is the first language that's a big advantage, but I'm willing to learn a new language if it hits every other box. + +My NW is 14M USD, and ideally I'd be able to buy a really nice property in the location for around 4M USD (maximum, preferably less). I have a EU and Canadian Passport, but am willing to go through the hassle of investor visas if a location is a good fit. Becoming a citizen isn't important, but having unconditional PR is important (it's fine if it takes a while). + +Places currently on my list: + +\-Australia (Melbourne, Sydney, Brisbane) + +\-NZ (Auckland) + +\-Canada (Vancouver) + +\-USA (San Diego, San Jose, LA, Seattle, Phoenix, Miami, Austin, Houston, Honolulu) + +\-Singapore (hard to get Visa, I know) + +\-Portugal (Lisbon) + +Are there any other spots that fit my criteria and are worth checking out? Are any of the places I listed above bad fits? + +Thanks in advance! +Hey FATFire Friends... + +So we have discussed many times the concept of home chefs. Unless its a FT position that is either 100% Chef, or jack of all...that this is tricky. + +My wife has constantly wanted to see if we could find someone to come cook healthy meals for our family a couple times a week. We live in a small/medium LCOL, so not a lot of options (read: none). + +Solution ended up being simple. Called the culinary school at the community college in our area. Asked for the director. Asked Director if anyone of their students wanted to make some money doing home chef work. Initial answer was "no" but I am no quitter. Put in a second effort (Surely someone wants to make money doing what they are going to school for...) and he came up with a name. + +We are now two meals in and its everything we were looking for. Gourmet meals that are healthy. Kids actually ate asparagus...so did I...she performed some sort of voodoo on it. She handles it from grocery to clean up. Four hours for a 3-course meal where she bought groceries, two hours for a one course meal where we picked them up (my wife likes the grocery shopping part). She plates the meals, they look and taste great. Cleans up...then off she goes. + +We are off to a great start...and I believe this is something other low-end FAT friends can do. Culinary schools should be a GREAT potential place to get your home chef. + +Details...paying $25/hr. She already had some work doing cooking lessons at a place in town. Asked what she made there...$18 / hr. So said "Lets start at $25 and can move to 30 if it goes well." + +Sharing is caring, so thought you all may want to do something similar if you have been thinking about Part Time Chef. +I don't mean to start a shit-storm and please feel free to refer to and comment on Reagan, Bush 1,Clinton, Bush 2's policies as well. I am sincerely curious to learn the difference. + +Thank you and I apologize in advance if I've stirred and negativity. +Silver might go up nicely and for a time but don't get high on hopium, this is not gonna go in the 100s. + +https://twitter.com/michaeljburry/status/1356111612759789568 + +>A corner in the silver market has been tried before - and let's be clear, that is what is being attempted now. In 1980, a rule change by the government destroyed the corner. #silverthursday. + +https://www.britannica.com/topic/Silver-Thursday + +>Silver Thursday, the dramatic fall in the price of silver on March 27, 1980, following the Hunt brothers’ attempt to corner the market on the metal. + +- +>Apart from a handful of reigning monarchs and despots, Nelson Bunker Hunt (1926–2014) was the richest man in the world at the start of the 1960s. Like his father, the legendary oilman H. L. Hunt, Bunker gambled big and got lucky. By 1970, although his wealth was accumulating faster than he could spend it, he foresaw a volatile economic future. Prevented by Franklin Roosevelt’s 1933 prohibition on U.S. citizens owning gold, Bunker and his younger brother William Herbert (b. 1929) chose silver, then standing at $1.50 per ounce, as their speculative hedge. Their initial caution vanished after Colonel Muammar al-Qaddafi nationalized the Bunkers’ Libyan oil fields in 1973. Furious, and paranoid that paper money would soon be worthless, the Hunt brothers then bought futures contracts on 55 million ounces of silver, eventually accumulating an estimated 100 million ounces of the precious metal. But instead of selling the contracts like normal commodity traders, they took delivery of the bullion and chartered three Boeing 707s to air-freight it to Switzerland. + +- +>By 1979, they had engineered a genuine shortage of the metal. The Hunts owned $4.5 billion-worth of shiny, glittering silver, safely stashed in Swiss vaults. Still the price climbed, until on January 17, 1980, an ounce cost $49.45. Such rampant speculation and profits triggered new government oversight, prompting the Federal Reserve to suspend trading in silver. The boom was suddenly over, but the Hunts still had to honour contracts to buy at prices over $50. The day the market plunged—March 27—silver fell to $10.80, the metal’s biggest single collapse. Upon losing some $1.7 billion, prompting Bunker to quip, “A billion dollars isn’t what it used to be,” the Hunts had become the (then) greatest debtors in financial history, and though New York banks allowed them $1.1 billion credit towards clearing their obligations, they were personally bankrupted and later convicted of illegally trying to corner the market on the precious metal; the brothers were fined $10 million each, in addition to the millions they owed to the IRS, and banned from future trading on the commodities market. The Hunts had gambled that silver was undervalued, but they failed because they had made the price of silver too attractive for its own good. + +- +>To pay off his staggering debt, Bunker was forced to sell off his beloved stable of thoroughbred horses, three of whom were named Extravagant, Goofed, and Overdrawn. William Herbert remained a billionaire into the 21st century. The character of J. R. Ewing in the original TV series Dallas (1978–91) and the Duke Brothers in the movie Trading Places (1983) all drew inspiration from the Hunt family and their larger-than-life careers and personalities. +I'm just curious on why people even choose to sell options and run the wheel strategy , when all i ever hear is "buy and hold is superior to all" If someone could help explain to me why selling options is actually useful it would help me out tremendously. I do know all the basics + +-Calls +-Puts +-buying +-selling +-greeks + +I just have found my self in a scary dark place where I don't know if options are ever going to actually be useful overall to me , in comparison to just buying and holding stocks. Thanks in advance guys, I know it may be a stupid question . +Hi all, + +i write you here (and some other subreddit) such as FIRE and PersonalFinance because i feel a bit confused about what to do now. + + +In 2017 I bought a bitcoin for 2500 USD, this year i sold my BTC for 55k USD and bought 7000 AMC shares at 9.78. The shares actually worth 282k USD. + + +Now people think AMC shares could get a price of 100 / 500 / 1000k each one and it would get me very rich, but I don't know if I can trust the DD, I suppose you are aware of AMC & GME short selling story this year. + + +Clearly I don't want to keep this shares forever, I'm 38 years old, with a normal job, I don't have yet a mortgage for buying house(but I think i would buy it), I live in Italy. + + +I would buy a house but I'd like also to have a very good monthly/yearly return by investing this money (paying a mortgage for buying house as well) + + +Invest my money in something else ? Buy a home ? Waiting for AMC squeeze ? + +What would you do ? +Please also suggest me where and how to invest.. + +I'm interested in ETF or follow some good investors on eToro with good profits and a safe level. +Hey! + +I've developed a bot which buys penny stocks at bid and sell at ask, thus monetizing on the spread. I'm not sure if this couldn't be considered a market manipulation. Any inputs, guys? + +I’m old comparatively, early 50’s, and pretty much the only one in my friend or family group that’s retired. I constantly get asked what I do and beyond answering “as little as possible”, or “I sit on the beach and drink beer” I basically live a life of leisure with a somewhat more focused approach to investing because I have the time now to do that. That is my identity at this point in my retirement. + +I’ve been retired for three years and this is the question I spend the most time answering or talking about, just the general “What do you do?”. + +Curious how you all answer that question, I’m sure you get it too, right? +Was in a discussion with friends about how much liquidity they would need to retire. One guy was adamant that you could live like a king on $1M in the US. + +He refused to do the math, but I reasoned he could pay off his house (about $300K) and have $28K/year assuming a 4% SWR of the remaining $700k. His salary now is roughly $120K/year, so he would have to make DRASTIC changes to lifestyle to live off that $28K. + +EDIT: Some more details, he has a family (4) and probably spends $50,000/year on expenses. He seems to think that his lifestyle would elevate indefinitely and he could stop working if he had $1M. + +He says that $1M is "life changing." I disagree. Who's right(er)? + +EDIT 2: The number of thirsty DMs asking for $1M is funny +I see this expression all the time, but I don’t really see how it plays out in reality. + +Isn’t almost all the money owned by the rich being continually invested? +I think forex is amazing and an appropriate challenge on a mental and emotional (sometimes physical) front. It can be lonely even if you are successful. With low barriers to entry, if you are starting out it is very difficult to get reliable information or coaching. Which is why it is good that this subreddit exists. + +However this subreddit loves to make fun of beginners for asking beginner questions. + +A guy asked “do you have to be good at math to trade forex” + +A person commented “you must be like 14” +OP said “15” +The guy said “makes sense” + +Ok cool.. are you going to answer his question? + +This subreddit loves to assume that everyone sucks at trading. “I don’t think any profitable trader is wasting their time on this subreddit”. Well I am. And I assumed that this would be a place to talk about trading and help others. Not to spend your time shitting on beginners and being sour. + +Trading is challenging. It takes time to learn and get good at. But it’s not impossible. The amounts of profitable traders shows that. But anything worth doing takes time to become proficient at. Imagine a subreddit of painters saying that painting is a scam because they have been painting for 3 months and still can’t paint great murals. “I don’t think any great artists are hanging out on this subreddit” + +If all you do is bring negativity why are you even in here? +Hello everyoneAfter the craziness of this week and heavy losses (lost like 4% of my account this week alone) , I was trying to find something to focus on and realized **I could share a table I had created a few months ago comparing different brokers** when I moved out of Robinhood. + +&#x200B; + +https://preview.redd.it/un2qhqw7kje61.png?width=1787&format=png&auto=webp&s=870b969d1d281a60006f676f72e031d80238f975 + +To view the table with all the links in full detail, [please just directly visit the notion page](https://www.notion.so/Moving-from-Robinhood-to-another-broker-3fcf510b4a964df584a244c26266c4b7)(if the screenshot is not sufficient for you). I also expanded the page which is linked here : [https://www.notion.so/Moving-from-Robinhood-to-another-broker-3fcf510b4a964df584a244c26266c4b7](https://www.notion.so/Moving-from-Robinhood-to-another-broker-3fcf510b4a964df584a244c26266c4b7) to provide additional details such as + +1. Things to remember before you start the process +2. How to do the process + +and a few other thoughts which I thought might be helpful. + +In the table, I basically added the brokers i thought are the most common, but if there are some ones which are missing, please let me know and I'll update it later. + +**EDIT 1** : Added details for schwab, fidelity and E-trade and fixed some discrepancies in the data and missing details for IKBR. Also updated the screenshot.Also added a FAQ about common questions + + +**EDIT 2 :** I know i missed a few other brokers, if you want me to add them, please send me a message with the name of the broker and the details so that I can add them to the table. + +# Frequently asked questions + +1. **Which is the easiest user interface for me to get to used to** \- This is a personal opinion and I would say based upon my analysis of the platforms, [Webull](https://act.webull.com/vt/QSbEePifonrc/ek4/inviteUs/) and [First trade](https://www.firstrade.com/content/en-us/promos) are your closest options. +2. **Which ones provide crypto** \- Based upon my research, your only options are webull and tradestation +3. **Which ones have the best customer service** \- I use TD Ameritrade (thinkorswim) for my day trading, Schwab for my IRA and Fidelity for my work based 401K and all have excellent customer service. +4. **How do I actually do the move** \- If you click on the notion link [https://www.notion.so/Moving-from-Robinhood-to-another-broker-3fcf510b4a964df584a244c26266c4b7](https://www.notion.so/Moving-from-Robinhood-to-another-broker-3fcf510b4a964df584a244c26266c4b7) and scroll to the bottom of the page, it will specify details on how to transfer and the things you should be mindful of. +5. **I need free shares or a signup bonus** \- Scroll to the bottom of the notion page and i added a section for the ones which I know offer free shares or signup bonuses +6. **How much time does it take for the transfer** \- seriously read the notion page, but it can take from 5-14 days for everything to transfer over +7. **Can I trade during the transfer** \- No, your account gets locked out so be mindful of that. +8. **Is there a transfer fee** \- Yes, Robinhood charges $75 for a transfer but you can reach out to the customer care team after the transfer and ask them to refund it (please read the notion page, all of this is mentioned there) + +# Please dont spend money and give me awards. + +If you do want to spend money, please support these guys - [RobinhoodNYC which is an anti-poverty non profit](https://www.robinhood.org/) + +https://preview.redd.it/edo7l703wie61.png?width=1309&format=png&auto=webp&s=4c654b8a2f81570ce7acf2300a75679d98086b2a + +They are **unfortunately getting the brunt of the robinhood fiasco** and i know their CEO even got death threats which is ridiculous. They are a fantastic non profit. + +Good luck in these wild times. +WSJ is not on Gamestop's side. This article feels like a way to curb whatever is really happening in the background and saying the increase is because of the NFT marketplace. There was no official announcement today about it from Gamestop. + +Something else is happening. Margin calls maybe? Something else? +Edit: Sorry forgot to mention investors asked to choose a number between **0 and 100** + +Response frequency provided here: + +[http://imgur.com/bbaDc.jpg](http://imgur.com/bbaDc.jpg) + +The highest possible correct answer is 67. To go for 67 you have to believe that every other muppet in the known universe has just gone for 100. The fact we got a whole raft of responses above 67 is more than slightly alarming. + +You can see spikes which represent various levels of thinking. The spike at fifty reflects what we (somewhat rudely) call level zero thinkers. They are the investment equivalent of Homer Simpson, 0, 100, duh 50! Not a vast amount of cognitive effort expended here! + +There is a spike at 33 - of those who expect everyone else in the world to be Homer. + +There's a spike at 22, again those who obviously think everyone else is at 33. + +As you can see there is also a spike at zero. Here we find all the economists, game theorists and mathematicians of the world. They are the only people trained to solve these problems backwards. And indeed the only stable Nash equilibrium is zero (two-thirds of zero is still zero). However, it is only the 'correct' answer when everyone chooses zero. + +The final noticeable spike is at one. These are economists who have (mistakenly...) been invited to one dinner party (economists only ever get invited to one dinner party). They have gone out into the world and realised the rest of the world doesn't think like them. So they try to estimate the scale of irrationality. However, they end up suffering the curse of knowledge (once you know the true answer, you tend to anchor to it). + +In this game, which is fairly typical, the average number picked was 26, giving a two-thirds average of 17. Just three people out of more than 1000 picked the number 17. + +I play this game to try to illustrate just how hard it is to be just one step ahead of everyone else - to get in before everyone else, and get out before everyone else. Yet despite this fact, it seems to be that this is exactly what a large number of investors spend their time doing. + +Originally sent in an email newsletter by John Mauldin at http://www.frontlinethoughts.com/ +I just wanted to share my experience with a new IndusInd credit card. So, it was Intermiles Indusind Bank Odyssey credit card which I enrolled for. It was a lifetime free card. As per their sales guy, I would be getting 2 welcome benefits; +1. 15000 Intermiles +2. 4500 INR voucher (for hotel + air ticket) + +Now, here's the fun part (pun intended !). +The first welcome benefit was on the basis of spends above INR 60000 within 90 days. They sent me 2 card variants (AMEX and VISA) and I had checked with the sales person before enrolling on the TnCs clearly that if I need to spend 60000 on both OR it should be cumulative and he mentioned that it should be total spends above 60k...So card variant does not matter. + +However, when 90 days elapsed and I did not see any welcome benefits, I called up their helpline and they gave me different replies ranging from they'll check with their Product team and get back. +Others mentioned that since it was a free card, I was not eligible (again I had checked very clearly on this from the sales guy) + +Finally when I told them that these conditions were clearly clarified by me, they told that I need to meet the spends criteria of 60k on both the variants !!! + +I asked them then you guys should advertise as spends above 120K and not above 60K, for which they did not have a proper answer. + +I had raised this issue to RBI as well via https://cms.rbi.org.in/, but that one also got closed without any resolution. + +Finally, I had to close this card for the total unprofessional behavior of IndusInd Bank. + +While I did find lot of complaints later on social media regarding IndusInd Bank, I never realized that the bank can go to such levels (promising something and later denying the benefits due to the customer on some TnCs). + +Did anyone here have any similar experience with IndusInd bank ? +\- BCG have awards from the Federal Government dating back to 2009, but it wasn't until 2016 that we see an explosion of awards going their way. + +\- The $$$ amount has been increasing every year since 2016 + +**This poses the question:** Were these contracts awarded in good faith or do they have rats in our Government awarding our tax money to themselves? + +&#x200B; + +**THIS IS NOT AN ACCUSATION, I'M MERELY PRESENTING VERIFIABLE FACTS** + +&#x200B; + +1. Mitt Romney got his start at Boston Consulting Group: [https://www.rollingstone.com/politics/politics-news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-183291/](https://www.rollingstone.com/politics/politics-news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-183291/) +2. Guess who sits on the United States Senate Committee on the Budget, the Committee responsible for drafting Congress's annual budget plan and monitoring action on the budget for the Federal Government? **Mitt Romney.** +3. Nearly 70% of BCG's total award amount comes from the Department of Defense. Guess who sits on the United States Senate Committee on Homeland Security and Governmental Affairs (and Subcommittee on Emerging Threats and Spending Oversight)? **Mitt Romney.** +4. Nearly 23% of BCG's total award amount comes from the Department of Health and Human Services. Guess who sits on the United States Senate Committee on Health, Education, Labor and Pensions? **Mitt Romney.** + +**CONCLUSION:** These data points may all be coincidental, but one thing is for sure, those are some high priced consultants that the tax payers paid for. Some might even call them: *OVERPRICED* + +&#x200B; + +**SOURCES:** + +Here's an overview that breaks down the numbers: + +[https://www.usaspending.gov/recipient/56fc3a42-7aa4-b007-e8de-b6878f527b0f-P/all](https://www.usaspending.gov/recipient/56fc3a42-7aa4-b007-e8de-b6878f527b0f-P/all) + +&#x200B; + +Here's the list of contracts awarded to them: + +[https://www.usaspending.gov/search/?hash=e58490d9982b6efde5f84ab6dab4f3e6](https://www.usaspending.gov/search/?hash=e58490d9982b6efde5f84ab6dab4f3e6) +For minors, it's generally required for a parent to co-sign their bank accounts. Once you turn 18, it's best to establish an account in your name ONLY, so you have sole control of it. It would even be better if you can establish the account at a different bank/credit union than the one the minor account was in, to avoid any inadvertent connections between the previous and new account. + +There are a couple reasons for this. It doesn't take too long to find stories of people who are still using the accounts they had when they were minors who are shocked when their money is suddenly taken away for reasons beyond their control. The parents could have financial problems and either use the money to pay off their debts or the money is seized by the institutions that they owe. There could be disagreements between parents and their kids, so they take the money away as a punishment. Or, it could just be old fashioned greed and the parents decide to just take the money. It doesn't matter who earned the money that's in the account. If two people are on it, the money belongs to both parties and the bank isn't going to stop someone on the account from withdrawing the cash. + +Keep in mind also, having your own account does not mean that your parents can't send you money if you need it. All they need is your account and routing number (the same information that would be on a check) to deposit money into the account. In addition, there are any number of banking apps today they could use to send money to you if you're still being supported by them. Other excuses may have good intentions at heart, but from a safety and security standpoint, it's best to establish an independent banking account. +Surely this achieves all of the benefits of bailing the companies out, without the disadvantage of effectively just handing over millions of pounds to private investors and still allowing them to reap the benefits. +It still feels too good to be true. I'm giddy. After nearly a year of dead ends, we finally got confirmation and a start date for his new position. We have increased our annual income by 40% and now make a combined income of $80k/year. + +I could cry. We can finally save for a house. I can buy a new phone. We can keep the AC at 73° instead of 80°. We don't have to worry about car payments or how to pay down our debt anymore. We can finally relax and enjoy life and help out our friends and family occasionally. We can buy gifts for holidays, weddings and birthdays. I'm fucking beaming with joy! + +I'm so fucking proud of him. All his hard work finally paid off. It still doesn't feel real. +Can we take a moment and congratulate Dr. Burry on a outstanding prediction of the short squeeze. He has his roots in value investing and I see him as a huge inspiration. I wish we had more interviews/discussions of him so we can analyze his thought process. + +As a graduate student trying to juggle school and learning value investing I look up to this guy. +I am incredibly bullish on Meta at current valuations, and have deployed about 20% of my capital into the stock. + +I'd like to hear from those who disagree with me. Why is this a bad idea? +This feeling has been building up in me for a while... and peaked this week. + +I've done a degree in applied finance and have a good grasp of economics and complex financial instruments. Another degree in accounting so can understand company financials and fundamentals. Worked as a (commercial) business analyst for 5 years and gained good experience looking at companies and market trends. Read company reports and keep up to date with announcements from companies I'm invested in. Perform technical analyses for favourable entry & exit prices. Only managed an average of 11% over the last few years. + +My friends bought dogecoin cos "it's funny"... 400% return in less than a month + +Why do I bother? +I see a lot of people ask the question, "I'm new to this forum and want to learn how to become a day trader." so I decided to create this post. You can learn everything about day trading from YouTube videos - this is TRUE. However, I personally recommend taking a course - it will be ENTIRELY up to you if you decide to invest in a day trading course. + +This is for people who want to trade ***STOCKS*** and DOES NOT cover trading *OPTIONS*. + +Also, THIS IS NOT FINANCIAL ADVICE! I am not a financial advisor and I do not teach how to day trade. I am simply providing how to START your journey to becoming a trader. My list provides YouTube video links but YOU should seek out your own videos as well. + +**TRADING 101: How to become a day trader** \- [https://www.youtube.com/watch?v=Lg4AH0ZZ1wA](https://www.youtube.com/watch?v=Lg4AH0ZZ1wA) + +**THE BASICS - CHARTS & MARKETS** + +1. Learn the BASICS of how to understand Japanese Candlesticks - [https://www.youtube.com/watch?v=jmoOrgTP5XQ](https://www.youtube.com/watch?v=jmoOrgTP5XQ) +2. Learn about VOLUME - [https://www.youtube.com/watch?v=pfJBVC0RktQ](https://www.youtube.com/watch?v=pfJBVC0RktQ) +3. Learn about CHART TIME FRAMES - [https://www.youtube.com/watch?v=BSyNbCPLQ5I](https://www.youtube.com/watch?v=BSyNbCPLQ5I) +4. Learn about MARKET CYCLES - [https://www.youtube.com/watch?v=g9exe7zkpOs](https://www.youtube.com/watch?v=g9exe7zkpOs) +5. Learn about MARKET DIRECTION - [https://www.youtube.com/watch?v=eYkgGNnEDFs](https://www.youtube.com/watch?v=eYkgGNnEDFs) + +**TRADING PATTERNS** + +This is my opinion but I believe there are two types of styles to trading stocks, YOU will need to decide if you wish to trade using **INDICATORS** or trade using only **CANDLESTICK PATTERNS** (I don't use indicators but that is MY STYLE, you may be different). Once you pick a path that suits your personality, stick with just 2 patterns before trying to learn more. There is a LOT of information out there, I'm only scratching the surface to get you started. The REST IS UP TO YOU! + +1. Indicator trading - [https://www.youtube.com/watch?v=C-770uuFILM&list=RDQMI8gWjo8cOBw&start\_radio=1](https://www.youtube.com/watch?v=C-770uuFILM&list=RDQMI8gWjo8cOBw&start_radio=1) +2. Indicator trading - [https://www.youtube.com/watch?v=GAH9EyydEsM](https://www.youtube.com/watch?v=GAH9EyydEsM) +3. Indicator (VWAP) - [https://www.youtube.com/watch?v=D0Da-1Af6tw](https://www.youtube.com/watch?v=D0Da-1Af6tw) +4. Candlestick patterns - [https://www.youtube.com/watch?v=W3PCTl5kxe0](https://www.youtube.com/watch?v=W3PCTl5kxe0) +5. Candlestick patterns: 3 bar play - [https://www.youtube.com/watch?v=eXO1EXDnCpE&t=3s](https://www.youtube.com/watch?v=eXO1EXDnCpE&t=3s) + +NOTE: DO NOT START TRADING YET!! You need to research more about this subject as I've only given you a small select few examples. ALSO - learn what is next... + +**RELATIVE STRENGTH / RELATIVE WEAKNESS** + +1. Stock trading terminology - [https://www.youtube.com/watch?v=mcvG0D-\_6T4](https://www.youtube.com/watch?v=mcvG0D-_6T4) +2. Relative Strength Trading - [https://www.youtube.com/watch?v=8Tgr4VUOoMo&t=1737s](https://www.youtube.com/watch?v=8Tgr4VUOoMo&t=1737s) +3. Using Stock Symbol SPY - [https://www.youtube.com/watch?v=1kD66RMWimo](https://www.youtube.com/watch?v=1kD66RMWimo) + +**GAPS & PREMARKET** + +1. Morning Gap Trading - [https://www.youtube.com/watch?v=uMCR6ydZ45E](https://www.youtube.com/watch?v=uMCR6ydZ45E) +2. Trading Mega Gaps - [https://www.youtube.com/watch?v=tQ3XYD19W1c](https://www.youtube.com/watch?v=tQ3XYD19W1c) +3. Create Pre-Market Gap Scanner - [https://www.youtube.com/watch?v=lSVNOhYKz04](https://www.youtube.com/watch?v=lSVNOhYKz04) + +**ORDER ENTRY** + +1. Types of order entry - [https://www.youtube.com/watch?v=P13ssXCCBzI](https://www.youtube.com/watch?v=P13ssXCCBzI) +2. Order types - [https://www.youtube.com/watch?v=p9YndmEoJn0](https://www.youtube.com/watch?v=p9YndmEoJn0) +3. Level 2 / Time & Sales - [https://www.youtube.com/watch?v=9iL57SPqo54](https://www.youtube.com/watch?v=9iL57SPqo54) +4. Understanding Level 2 - [https://www.youtube.com/watch?v=h9go6bC0YJk](https://www.youtube.com/watch?v=h9go6bC0YJk) +5. Trade slippage - [https://www.youtube.com/watch?v=bC8nXAVYqRg](https://www.youtube.com/watch?v=bC8nXAVYqRg) + +**MONEY MANAGEMENT** + +1. Risk Management - [https://www.youtube.com/watch?v=38UPItfweWo](https://www.youtube.com/watch?v=38UPItfweWo) +2. Risk Management - [https://www.youtube.com/watch?v=YZm1ItLZsJg](https://www.youtube.com/watch?v=YZm1ItLZsJg) +3. Trade Management - [https://www.youtube.com/watch?v=2WFLG14dxfI](https://www.youtube.com/watch?v=2WFLG14dxfI) +4. Trade Management - [https://www.youtube.com/watch?v=gIXPs339Mnk](https://www.youtube.com/watch?v=gIXPs339Mnk) +5. Trading Plans - [https://www.youtube.com/watch?v=aWx30SgWbUI](https://www.youtube.com/watch?v=aWx30SgWbUI) + +**DAY TRADING TAXES** + +1. Brief talk about taxes - [https://www.youtube.com/watch?v=cAZzeQkmaSw](https://www.youtube.com/watch?v=cAZzeQkmaSw) + +**DAY TRADING PSYCHOLOGY (VERY IMPORTANT!!)** + +1. 2 Common Mistakes to Avoid - [https://www.youtube.com/watch?v=mGV\_T8G5YHg](https://www.youtube.com/watch?v=mGV_T8G5YHg) +2. 7 Tips to Master - [https://www.youtube.com/watch?v=uTQwalew81o](https://www.youtube.com/watch?v=uTQwalew81o) +3. Become a Winning Day Trader - [https://www.youtube.com/watch?v=OtwgYh5ObHA](https://www.youtube.com/watch?v=OtwgYh5ObHA) + +**SCREENING FOR STOCKS** + +1. How to find stocks on FinViz - [https://www.youtube.com/watch?v=s2Ba94sLZN4&t=134s](https://www.youtube.com/watch?v=s2Ba94sLZN4&t=134s) +2. Scan for stocks using TOS - [https://www.youtube.com/watch?v=e0uB1fGJDqI](https://www.youtube.com/watch?v=e0uB1fGJDqI) +3. How to scan for stocks - [https://www.youtube.com/watch?v=wkykR4ct\_NM](https://www.youtube.com/watch?v=wkykR4ct_NM) + +**PAPER TRADING (DO THIS BEFORE USING REAL MONEY!!)** + +1. Stock Trading Simulators - [https://www.youtube.com/watch?v=d7Zx1IfbLc8](https://www.youtube.com/watch?v=d7Zx1IfbLc8) +2. Webull - [https://www.youtube.com/watch?v=YrkFl4\_AXnc](https://www.youtube.com/watch?v=YrkFl4_AXnc) +EDIT: I personally do not recommend Webull for intra-day trading. I'll gladly explain why in a chat. +3. TOS - [https://www.youtube.com/watch?v=i-NCWy\_97fk&t=36s](https://www.youtube.com/watch?v=i-NCWy_97fk&t=36s) + +Everything I posted above only scratches the surface of the learning required to become a successful day trader. There are MILLIONS of videos out there and there are REAL RISKS to trading if you do not learn the basics. Even professionals have days where they lose money. + +**BROKERAGES FOR DAY TRADING** + +Just know that intra-day trading requires a brokerage account with at least $25,000.00 in it for unlimited trades. For starting out, $0 brokerages are good for beginners. + +1. Which brokerages should you use in 2021? - [https://www.youtube.com/watch?v=UE-Pys46pMk](https://www.youtube.com/watch?v=UE-Pys46pMk) + +**(OPTIONAL) DAY TRADING COURSES** + +Day trading courses ARE NOT CHEAP! At least, the really good ones are not cheap. Why? Because they only want SERIOUS BUYERS and they have spent years mastering their techniques. If you go this route, expect to spend around $2,000.00 to $5,000.00 depending on how in-depth you wish to go. These are only a select few recommendations based on reviews and my own personal research. My suggestion is that you pick someone who RESONATES WITH YOU. In other words, their personality must fit yours. + +**This list is in no particular order:** + +1. BabyPips - (Yes, this is FOREX but a great way to get started in trading) +2. Bear Bull Traders +3. Bulls on Wall Street +4. Live Traders (I took this course) +5. Clay Trader + +https://www.marketlifetrading.com/users/sign_in +This is a free course if you don't want to spend money. + +I hope this helps you in your journey to GET STARTED in learning how to become a day trader. I've only laid out the basic guidelines in this post and I cannot stress how much MORE you should be doing on your own to figure out what best works for YOU! + +Thanks for reading, share if you wish, and good luck in your endeavors! +You apes should feel fucking PROUD that we have gathered over 8.9 million shares that are directly registered under your name. + +These are over 8.9 MMMMMILLION shares that SHF, Brokers, and Clearing houses can’t fucking touch. + +Over 8.9 million shares that can’t be shorted, loaned or sold by broker fuckery. + +You actually fucking own this company, and people against GME and DRS and fucking TERRIFIED. + +Yeah, that’s right. These people are FUCKING SHITTING THEMSELVES that apes are actually going to secure the float. + +Securing the float doesn’t happen over night. It’s a long and dedicated process. + +I’ve seen all the DRS posts from Apes since January, and I can tell you that I have continued to buy and DRS my shares. + +I’m so fucking proud of you all. + +If anything, this gives me more vigor to buy more and DRS MY shares. + +Congrats Apes. We are going to fucking do this. Brick by brick we shall have our day. + +A DEEP FUCKING CHEERS TO YOU ALL ☘️🍻 +**TL;DR** : Why didn't the government give the bailout money directly to homeowners to remedy the failing mortgages? Banks still get their money and people get to keep their homes + +My extremely basic understanding is that the market crashed because banks were giving out subprime mortgages that were bound to default, ranking them improperly, and then going mad creating derivatives based on these mortgages. + +When what was happening became evident as homeowners started inevitably defaulting on their loans, and foreclosing on their underwater homes the securities and then the entire global market that depended on them tanked because banks had ridiculous debt to capital ratios, and this loss in liquid money made it impossible for banks to continue to operate. + +These banks were too big to fail, so the idea was huge sums of cash injected straight into the banks. Nobody really liked this solution as it seemed to justify the risky behavior of the banks, but it seems it had to be done as there was no other alternative. + +Or was there? + +If the banks were failing because their mortgages were crap, people couldn't pay, and the properties were underwater, why not give the money directly to the homeowners to remedy the crap mortgages? The banks still get the same amount of money from the government, and homeowners get to keep their homes. + + +Things I understand may be complicating factors: + +* the banks would end up with less total liquid cash because they do not get the cash value of the homes foreclosed. (But they would in theory have more money over time as homeowners continue to pay mortgages) +* I am uncertain how this affects the derivatives based on the mortgages, but surely it is better than letting them become completely worthless due to foreclosures, no? + +Why couldn't the Obama administration do this? + + +This was inspired by the Jon Stewart interview with Joe Rogan. He mentioned that he asked this question to an Obama finance person at the time, and their response was that it would create a "moral hazard" for homeowners that they would be bailed out if they couldn't pay. The cognitive dissonance in this statement is risible. What about the moral hazard for giant banks? + +Edit: + +>"There is no way, in my opinion, that Washington is going to bail out an investment bank. Nor should they,” + +-Jamie Dimon in September 2008 +I had a savings account with ICICI bank, which I used for my online shopping, cash withdrawal and UPI payments. + +One day I analyzed my passbook, and I realized that I was spending around 1000 Rs p.a. for a debit card I rarely used and was charged two times for not maintaining the MAB (was duped into opening an account with MAB of 25k to reach the sales target). + +Other than that, several different charges were getting deducted, which I was unable to decipher by looking at my passbook statement. + +Getting raged at how my hard earned money was being siphoned off, I decided to close that account and researched about getting a cheap yet effective savings account. + +Now I use Post Office Savings Account (POSA) to store my liquid money and have integrated an India Post Payment Bank (IPPB) account with it to get almost all functions that my ICICI account had. + +Actually, money in POSA is stored with National Savings Scheme account of GoI, therefore it is not integrated with other banks though NEFT/UPI/RTGS etc. That is why you need to have an IPPB account linked with it for seamless money transfer. + +IPPB account act as an interface or "spending" account while POSA acts as a "storage" account, means you can load up your IPPB account from POSA and spend money, and also transfer back money to POSA. + +Despite this two fold system, I have found it a better banking service for most people. + +Following is a list of advantages - + +1. Interest rate of 4% p.a. in POSA compared to a measly 2.5% in banks. +2. Absolutely free RuPay debit card with POSA (no AMC or issuance charges). +3. MAB of Rs 500 in POSA and NIL in IPPB. +4. 100% sovereign guarantee of all money stored in POSA. +5. Separate accounts leads to lower spendings, as you can decide how much to load in IPPB and park away the rest in POSA. +6. Cash withdrawal/ deposit/ passbook update at any post office rather than specific bank branch. +7. Protection from online fraud due to separation of storage and spending accounts. +8. Most importantly, no pesky hidden charges. + +Some disadvantages - + +1. Need to visit post office for POSA account opening and linking with IPPB. +2. Slow customer service at post offices. +3. Post offices are not air conditioned ? + +Once you setup this system though, there is absolutely no reason to go to post office for anything. + +I save around 14k-15k p.a. in form of interest and other charges by using this system. +**NOTE:** None of this is financial advice. I have just shared some thoughts about a stock that I follow, and included numerous links to verifiable information. Please do your own DD if interested in any of this. + +&#x200B; + +**Who on Earth is** u/jasonwaterfalls96 **and what did he do last Friday?** + +Many of you Apes would have seen a very brief post by u/jasonwaterfalls96 (for simplicity, just called "Jason" from now) last Friday, about his somewhat drastic action to "sue" GameStop: + +[https://www.reddit.com/r/Superstonk/comments/qnkoo6/guess\_whati\_sued\_gamestopinvestor\_relations\_44/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/qnkoo6/guess_whati_sued_gamestopinvestor_relations_44/?utm_medium=android_app&utm_source=share) + +https://preview.redd.it/ye853d39r6y71.jpg?width=1768&format=pjpg&auto=webp&s=955343eb105820b212a72add5a6bfd7675d8433b + +One thing Jason did not do, and which caused some confusion to a few Apes, is to give a detailed explanation for *why* he has taken the step of sending a package to the Delaware Court of Chancery. This post is to explan what is going on here, and what we can potentially expect next as a result of Jason's actions. + +&#x200B; + +**What is the Delaware Court of Chancery?** + +GameStop Corp. is headquartered in Grapevine, Texas. However, they are incorporated in the State of Delaware, along with the vast majority of large American companies. Why Delaware? As detailed in the article below, for a number of reasons, the most important being the low corporate tax rate there compared to other states: + +[https://thehustle.co/why-delaware-is-the-sexiest-place-in-america-to-incorporate-a-company/amp/](https://thehustle.co/why-delaware-is-the-sexiest-place-in-america-to-incorporate-a-company/amp/) + +https://preview.redd.it/sevzspkcr6y71.jpg?width=1632&format=pjpg&auto=webp&s=ba15ec1fc15c9955858fad48eaa295b2d08fc7f7 + +https://preview.redd.it/i735vp6er6y71.jpg?width=1558&format=pjpg&auto=webp&s=e3adfe21020e1d316be587608fbeabf10ff020eb + +One other reason so many companies choose to incorporate in Delaware is the presence of a Court of Chancery, rather than a jury system, for resolving corporate disputes. See the explanation below for why this can be far more beneficial, for all parties involved, when such a dispute crops up: + +https://preview.redd.it/pwk7yz0kr6y71.jpg?width=1626&format=pjpg&auto=webp&s=950c7e0bf0617477f584822817ddf1b9f9900c04 + +&#x200B; + +**So why has Jason contacted this Court of Chancery now?** + +GameStop held its Annual Meeting of Shareholders on June 12th. In this meeting, the company announced the results of a number of articles voted on by shareholders. However there was no specific figure given for the *number* of votes were received, only that votes were received from 100% of shareholders. This was despite huge speculation at the time that the number of votes most likely exceeded the float. However, prior and subsequent research indicated that GameStop would have had great difficulty releasing this specific number of votes received: + +https://preview.redd.it/3pdg4fxmr6y71.jpg?width=1768&format=pjpg&auto=webp&s=4910fd33e80411525b582e3175a09a927f199e65 + +Since that meeting Jason, and seemingly a number of other anonymous Apes, have tried to obtain this information using another method: the Delaware Code. The specific section they have tried to utilise in these laws is *Title 8, Chapter 1 (General Corporation Law), Subchapter VII (Meetings, Elections, Voting and Notice), § 220 (Inspection of books and records)*: + +[https://delcode.delaware.gov/title8/c001/sc07/](https://delcode.delaware.gov/title8/c001/sc07/) + +https://preview.redd.it/b3hntt3pr6y71.jpg?width=1743&format=pjpg&auto=webp&s=d16e27856037d696c63f912a02abf03978dec79b + +https://preview.redd.it/d9jufw9rr6y71.jpg?width=1713&format=pjpg&auto=webp&s=9e48ef7df76e5595f20b37eb70021351ed08d004 + +The TLDR of this is as follows: + +* A stockholder can request to see a company's full list of all stockholders +* The company cannot refuse this request, and must release this list within 5 business days +* If the request is not fulfilled, the stockholder who made the request can apply (i.e. complain) to the Delaware Court of Chancery +* The Court will verify whether the person making the request is entitled to the list and has a good reason to request it +* If so, then the Court can basically force the company to release it for an agreed fee, unless the company provides some strong evidence that the person making the request will use it for some nefarious purpose +* Of course, the compay may just release the documents without any objection whatsoever as well + +&#x200B; + +**So GameStop had refused to release the list before???** + +This is where I think things get interesting... If you check Jason's post history, you will see that he first contacted GameStop's Investor Relations department months ago, to request this very information. He shared the letter he sent at that time, and it was *heavily* downvoted on all the GME subs he posted to for being 'hostile' to the company and its approach (see the comments sections!) + +https://preview.redd.it/zg081liwr6y71.jpg?width=1768&format=pjpg&auto=webp&s=0e700ddf8b0f8d1d3a2f9f6ec3b7244dff6f954f + +Undeterred, Jason has been continuing to consistently reach out to Investor Relations for MONTHS now. He has been sharing his results (or lack thereof) in more heavily downvoted - usually single figure upvoted! - posts all this time. An example of his "vigil" is below: + +https://preview.redd.it/7gfu16e0s6y71.jpg?width=1768&format=pjpg&auto=webp&s=0d78ba3be1976eea1bfcf979a9e0277d5b0ed77c + +So the question is: Why would GameStop be ignoring his multiple requests? For a company that now prides itself on the quality of its customer service, this seems somewhat out of character... And especially because it is *highly likely* to present factual data (rather than just mere conjecture) that can help GameStop to potentially shed the SHFs that have been negatively manipulating its stock price and preventing accurate price discovery. Some of the reasons they have chosen not to respond to Jason's (and others') requests *may* include: + +* \[A\] The Investor Relations department is incompetent +* \[B\] The Investor Relations department is too busy  +* \[C\] The requests are not meeting the criteria needed to release the information +* \[D\] They have been instructed not to release the information, by a more senior level + +Let us now assess each of these four possible reasons in turn... + +&#x200B; + +**\[A\] The Investor Relations department is incompetent** + +Personally, I think this is the least likely of the four possible explanations I have given above. GameStop is perhaps more famous these days for its stock than even its operational business. Which leads me to think that the main team responsible for handling stock related enquiries - Investor Relations - is highly unlikely to be left as a neglected department that consistently fails to liaise with shareholders. + +&#x200B; + +**\[B\] The Investor Relations department is too busy** + +For the same reasons as above, I think this is a little unlikely. Yes, the attention on GameStop's stock most likely means this team is busy. However, I am confident they have increased personnel over these last few months, and would be able to handle the multiple similar requests over these last few months. I also want to take this opportunity to share a post that Jason made about 3 weeks ago: + +https://preview.redd.it/m7ulpc46s6y71.jpg?width=1768&format=pjpg&auto=webp&s=0f3bdb85f19f89ae2b2743844984b7bb2b1309ca + +https://preview.redd.it/qf2t7hf7s6y71.jpg?width=1768&format=pjpg&auto=webp&s=7d9e8ce3d4e680062a0c8bed2b18c39e784fb43b + +https://preview.redd.it/is4pu7b8s6y71.jpg?width=1768&format=pjpg&auto=webp&s=4a77db80b852bd05e9762ae8e3268d9708ecbf41 + +Note in particular, this passage below: + +https://preview.redd.it/a27qt7mcs6y71.jpg?width=1768&format=pjpg&auto=webp&s=68ba40fb27ca969378c274bcec63b625ddfb7e54 + +This may seem to give credence to the idea that the Investor Relations team is just very busy. BUT they are actually not forwarding these enquiries to Investor Relations at all, but instead to their Legal team. Why would GameStop be treating this as, essentially, a legal matter...when the Delaware Code is very straightforward and they *ought to* just release the information requested? + +&#x200B; + +**\[C\] The requests are not meeting the criteria needed to release the information** + +When Jason and these other Apes began their "quest" to try and get the shareholders list directly from GameStop, it was long before the vast majority of Apes had any clue what DRS is. Most of you are now extremely familiar with this, but if not then read this fine explanatory post by u/criand: + +[https://www.reddit.com/r/Superstonk/comments/prpum9/computershare\_and\_drs\_is\_the\_way\_it\_ignites\_the/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/prpum9/computershare_and_drs_is_the_way_it_ignites_the/?utm_medium=android_app&utm_source=share) + +Before Jason went to GameStop headquarters 3 weeks ago, to make the information request in person, he had not DRS-ed his shares. In fact, it was only a few days before his visit that this mini-whale had registered his shares, and this was his most recent post before the one sharing the details of his trip to GameStop HQ: + +https://preview.redd.it/22yi2t7is6y71.jpg?width=1768&format=pjpg&auto=webp&s=dd453ee796a204711c99efbcd7870c14f59abafb + +What this means is that ALL of his previous information requests, at least by my understanding, were actually invalid. Let me remind you of the definition of a "stockholder" under the Delaware Code: + +https://preview.redd.it/0ko793hks6y71.jpg?width=1768&format=pjpg&auto=webp&s=fc605a2d954a20671488ab61c96c9b0744c808b9 + +Up until he DRS-ed those shares, they were held under "street name", meaning Jason was not *entitled to* receive the stockholder information he was requesting from GameStop. Why? Because for the intents and purposes of the application of the law, he was not really a stockholder, given he was not the "holder of record" for those 396 shares he had legitimately purchased. (Yeah, let that sink in... Makes my blood boil, and want to get all my shares over to ComputerShare ASAP.) Yet, when he delivered the information request in person, Jason went to great lengths to ensure that he notified GameStop that he was fulfilling this technicality: + +https://preview.redd.it/ne6ira0os6y71.jpg?width=1760&format=pjpg&auto=webp&s=d0546bb8a14edf68047e699ba75af2efdf39d3ea + +He also very clearly notified the repercussions of the company continuing to refuse his information request...which has now of course happened: + +https://preview.redd.it/59rh9zsps6y71.jpg?width=1768&format=pjpg&auto=webp&s=6147b3bccab9291b74daf168c978c4b75cf54eea + +&#x200B; + +**\[D\] They have been instructed not to release the information, by a more senior level** + +So to recap, 3 weeks ago Jason made the information request in person to GameStop Investor Relations. He provided incontrovertible proof that he is a "holder of record of stock". His request was deemed important enough that it was already escalated to their Legal team. GameStop also reported that there were multiple similar requests from other shareholders as well. Despite the threat of legal action if they did not comply, the result on their part has been...silence. + +I am purely speculating here, but this appears to me to be a *deliberate* silence. No major corporation wants to operate under the threat of legal action, particularly when it can be easily prevented. GameStop has chosen, in this case, to open themselves up to precisely this scenario, when all they had to do was release the documents to Jason. Which to my mind means that they have made a decision that this course is preferable to simply releasing the stockholder list. + +Why would they decide to follow such a course of action? Again, pure speculation here but what if the information has the potential to cause huge repercussions, to one or more parties? If the detailed stockholder list shows that, for example, "street name" brokers or directly registered retail investors already own a large portion of the float - even before adding in insiders and institutions - it would be all but confirming the existence of an unusually high number of naked shorts. Depending on the date used, it can also show the actual voting data in data OR the *actual* numbers of DRS-ed shares, putting an end to the guesswork we are currently performing to try and figure this out. Such information being made public has the potential to become a catalyst for a short squeeze, hence no small matter... + +GameStop therefore choosing not to release the list "willy nilly" to an unverified potential stock holder is, in such a light, understandable. They would be opening themselves up for far more serious legal action, potentially for a charge of deliberately instigating the MOASS itself, if they had just released it without being extremely careful. They could of course have chosen to reply to Jason and the others requests in the past, and informed them that until they register shares through DRS, GameStop cannot even look at these requests. However they may even face legal threats for explicitly mentioning ComputerShare...hence using cryptic clues to point towards "cone-poo-ted-chair": + +https://preview.redd.it/bmmhlq3us6y71.jpg?width=1767&format=pjpg&auto=webp&s=78891ef1015b599db8e6da832a4b2de5c9aa0e5b + +Hence it would not surprise me at all, if a directive had come down from above to forward any such requests to Legal. GameStop's best way to deal with this situation would, by my estimation, be to precisely follow the path they are currently on: be forced to release the stockholder list by an external body, rather than of their own volition. That way they leave themselves above the threat of legal action from, for example, financial institutions that stand to lose out from the MOASS. Hence getting the Delaware Court of Chancery to force them to release these documents is potentially a very, very smart approach. And it also means that all parties invovled win. I mean, except the hedgies...who r fuk. + +https://preview.redd.it/5ec0pr1xs6y71.jpg?width=1659&format=pjpg&auto=webp&s=d3604fc203fef57abb862345187d735b0b37f6e9 + +&#x200B; + +**So what could happen next?** + +Jason shared the USPS tracking screenshot, which shows that his formal application to the Delaware Court of Chancery should arrive by next Tuesday 9th November: + +https://preview.redd.it/bpi2laozs6y71.jpg?width=1639&format=pjpg&auto=webp&s=c6fb9b1bf566ab263b15079a2371e3049022ec9a + +There is no indication provided in the Court of Conduct for how quickly this will then be processed by the court. However it states that the *"Court may summarily order the corporation to inspect the corporation’s stock ledger, an existing list of stockholders, and its other books and records"*. We already know that the State of Delaware prides itself on reducing bureaucracy and red tape for handling corporate legal matters, so we can hope that Jason receives what he asks for relatively quickly after Tuesday. It goes without saying that the contents of those documents could not only shed a light on some key data we have been chasing for months, and could very well become the keys to MOASS itself... + +&#x200B; + +**TLDR** + +u/jasonwaterfalls96 has made an appeal to a body called the Delaware Court of Chancery, to force GameStop to release the full list of stock holders that they are aware of. Up to now, GameStop has completely ignored his and others' similar requests for this information, despite it being a right for shareholders of companies incorporated in Delaware (as GameStop is). I am speculating that the main reason for this silence is because this list has the explosive potential to trigger the MOASS. By simply releasing the list to retail investors, GameStop could be opening itself to legal action by hedgies. But by having Delaware's corporate law work *for them*, they could let the appeal play out and release the list without such a threat hanging over them as a repercussion. All this could happen very quickly, potentially as soon as next week...and Jason - the hero we need but perhaps don't deserve! - could well come to be in possession of some of the most valuable documents in the history of Capitalism... +Hey everyone. I wanted to start a poll on what newest cryptocurrency you guys think will become the most popular or adopted in our community. I took a list of the currently most popular ICOs and coins talked about on bitcointalk.org that were created (somewhat) recently even though some of them will be a bit older. Here is a link to the Strawpoll: + +&nbsp; + +http://www.strawpoll.me/13558194 + +&nbsp; + +EDIT: Here is the current list of rankings from the poll: + +1. Golem: https://golem.network/ + +2. Karbon: https://karbon.io/ + +3. ICONOMI: https://www.iconomi.net + +4. Status: https://status.im/ + +5. Augur: https://augur.net/ + +6. Bancor: ttps://www.bancor.network + +7. EOS: https://coinmarketcap.com/assets/eos/ + +8. Humaniq: https://humaniq.co + +9. Gnosis: https://gnosis.pm/ + +10. Skincoin: https://skincoin.org/ + +11. BlockCat: https://blockcat.io/ + +12. Pillar: https://www.coinschedule.com/projects/1201/pillar-ico.html + +13. Bitquence: https://www.bitquence.com/ + +14. Mass: https://mass.network/mass-coins.html + +15. VEROS: https://veros.org/ + +This is a Missouri property. + + +Been on the phone all morning filing insurance claims and feel I just need to get this off my chest. I have a Section 8 resident I inherited when I purchased the property who is being evicted for non-payment and throwing 4AM parties in an otherwise quiet suburban neighborhood. + +&#x200B; + +Her eviction hearing is in 2 days and this morning I got a call claiming a "small fire was started in the bathroom" ... there is some smoke damage and water damage and the Fire Department is conducting a 7-day investigation. + + +I think to all parties involved we suspect it's a scam and was started on purpose. Her Renter's insurance already denied her claim because she won't even provide them photos of the damage - which makes literally no sense - like why bother filing the claim? + + +I filed a claim with her renter's insurance this morning but I can't help but feel like this is going to deter her eviction when she goes in front of a judge in 2 days. She needs to get out ASAP because she's clearly a menace. +Paid off my $1.3 million dollar home, making me Mortgage Freeman. Took me just under 4 years. I’m pretty proud of myself. I have no one else I can tell. Keep grinding people. + +Edit: fellas changed to people + +Edit: My first award! Thank you kind stranger! +The US is facing massive debt and a high central bank balance sheet as a result of massive government stimulus during Covid. + +But China, with even more people, has shut down on several more occasions. + +I would assume their government is providing some form of benefit, similar to the US, but how has this not broken their system/economy? +I would like to get other peoples insights about dealing with my current career situation. + + I am quite pleased with my current job. I like my boss and the working conditions in our small company, which does business in a nice industry (internet of things) + +However, believe that I probably would get 30% or plus salary raise with a different company. I currently earn 34.000€ a year with a small Bonus Option. I have a masters degree in int. business, but im new to the industry and with like 3 years of CV relevant work experience as a 32 year old. We are small, 5 year old business growing exponentially, without being profitable yet. Even though im grateful ive gotten into this industry and they taught me quit a lot, i am kind of desperate to earn more money. + +I have been working there for a year now and had a small salary discussion beginning this year, after end of my trial period. They are pleased with my work, but i got a very marginal raise to my dissatisfaction. + +Well, now I pretty much would like to my boss to see my position and give him the option for a raise, otherwise i will probably leave. Id like to do this witjput bring a dick, because It feels a bit like blackmailing to me (and maybe it is!?) and i dont want them to have resentments towards me after I raised the issues. I think reputation is very important in my business network and especially in this rather small business industry. In the end, I would not like to leave and I dont think its likely Ill get better working conditions somewhere else. + +How would you approach the situation? +I placed a market sell order for GraniteShares 3x Long Barclays at 14:50GMT today where the price was marked at 83.025. It instead decided to fill the sale at 76.742. The price hasn’t even HIT 76.742 since 15:50GMT according to their platform. + +I got an email from them saying it's not their fault they mis-priced it, they quote Bloomberg prices which are accurate. But Bloomberg has the 76.742 price at 14:50, and trading212 is still showing the price at 81.430 throughout the trading interval 14:55 to 15:25, and 14:58 is when they executed my trade. They didn't execute at the price they quoted me, and it's not an issue of low volume because the price they quoted was 76.742 from when I placed the order, to when they executed it, and then a whole 30 mins later the price displayed was still the same. + +What do I do? +I'll preface by saying this is half hypothetical, as the strategy is still bring refined and I'm trying to improve it, but I'm just going to talk as if I have already fully made it because easier I guess. + +So lets say I have a winning strategy, but it's a borderline HFT strategy if that makes sense. I have back tested and tested it live, accounted for commissions and spreads and all. And yes, I have asked myself why has no one else done this if this strategy is so good? And I have a reasonable answer I wont share because I would rather not give away the strategy. + +The issue is it won't work well with a low amount of capital and this strategy is most profitable with millions of pounds or dollars being used. I dont have much capital at all because I'm a student so I can't really employ this strategy myself. + +So I thought okay, I could sell it to a hedgefund who trade algorthmically. I dont know how to do that though. I'm based in London so I would ideally sell it to a hedgefund here. + +How would I find a hedgefund to sell it to? And more importantly how do I decide on a price for the algo? Let's say it makes 1% a day (literally just a random number), how do I decide it's worth? + +Also is it worth pursuing a masters or PhD in what I'm studying (mathematics and physics) to gain more credibility before I sell it? +Dear fellow apes, + +I implore you to join me in solidarity to show the SEC/DTCC that any fuckery will not go unpunished. If they do try to fuck us, don't buy a single share. They need to know that we will. + +I am absolutely certain it has crossed their minds to screw retail, and they're doing so at current by not enacting the new rules when they absolutely could do so. + +I, for one, will never buy another US stock if they weasel out of this one. They need to know the economic damage of cheating will be worse than what will happen naturally. + +And let me tell you, if you let them get away with this one, the next one will be far worse, and you will be subservient for life. + +If they pull any shit, I'm closing my trading account permanently. Please show them you will too, and it should discourage them. I'm forced to play by their rules, and everyone else should be too. + +Yours, to the moon and back, + +A. P. E. + +🚀🚀🚀 I don't respect the SEC +I went to pick up my paycheck just now and saw it had been direct deposited into an account I don't own or have access to. I am still on probation at this job and am not eligible for direct deposit yet and did not sign any forms. I brought this to the attention of the office manager who immediately called the payroll company and admitted it was her mistake. The company is refusing to issue another check until Monday - which won't deposit into my actual account until Tuesday. I made it explicitly clear that I NEED that money today - I have all my bills set to automatically come from this check in addition to the fact I'm living check to check and don't have enough to survive on for 3 days. I literally have $3.97 in my bank account. Is there anything I can do? + + +EDIT: I received a call from corporate that the company is handling this TODAY, and my check should be in my account by early afternoon. I posted this in a hurry :) BUT thank you for all your answers, I'm realizing how awful my spending habits truly are and this may have inspired another PF post where I lay out all my debt and let you smarties help me out. Have a great morning everyone! + +Edit 2: I HAVE RECEIVED MY FULL CHECK IN MY ACCOUNT. I called every 10 mins until someone from corporate payroll handed it in, in person, at my bank. Also, I already downloaded YNAB just now. Stop telling me I'm irresponsible - message received but that isn't helpful. +Hi there. I'm a 33 year old male in the USA. i have a 3.xx million net worth. I make about 45k a year on dividends. + +I quit my wall street job last year and I've been working on my passion of becoming a musician. + +Im mostly working solo. Singing, writing, practicing, etc. + +I was wondering if anybody have any ideas for jobs out there that would make me feel less disconnected to the world that are extremely low stress that would allow me to meet other cool, young, smart people. + +Pay isn't a big deal because I'm mostly just living off dividends at this point. +[I was reading an article on Huffpost.com today, and here's a screenshot](https://imgur.com/a/YZguUQu). + +When [I check out statista.com](https://www.statista.com/statistics/192356/number-of-full-time-employees-in-the-usa-since-1990/#:~:text=This%20statistic%20shows%20the%20not,on%20a%20full%2Dtime%20basis.&text=The%20number%20of%20full%2Dtime,20%20million%20people%20since%201991.), they show that we have 130.6M employees, and if 44M have filed for Unemployment benefits, this means that the unemployment rate is 33.7%. + +Why is the official Unemployment Rate only around 13%? +Hey all, I posted here earlier today, but realized I needed to verify my NW with the mods so this wouldn't come off as a troll post. I've done that and wanted to repost this with the intent of hearing others perspectives on how they would manage money if they were in my position. + +**The mods (**[u/WealthyStoic](https://www.reddit.com/u/WealthyStoic)) **have looked at proof of my bank statements, investment accounts, etc. and have verified my info. So with that, here's some context:** + +I started a tech startup when I was 20 years old. Worked my ass off 7 days a week for 5 years to get the company where it is today. My startup saw a big tailwind with through this pandemic that resulted in millions working from home who needed a better WFH set up (my company is built around remote work). The company has obviously done extremely well, and as a result, I've sold off some of my ownership to diversify into other areas. + +**My current portfolio is as followed:** + +* \~$17M in private stock in my startup (illiquid, strong secondary market. I don't plan on touching this) +* \~$2M in cash that becomes liquid in 6 months +* \~$1.7M in bonds (+ $350K on margin at .95%) +* \~$250K in cash +* \~$175K in venture capital funds +* \~$100K in volatility fund +* \~$35K in public stock + +I am renting a place in a HCOL area in California, but have been "thinking" about moving to Texas. I don't own any hard assets aside from a car. I'm not looking to retire anytime soon and don't want to put all my money in a low-risk bond portfolio. I want to be slightly more aggressive with my investing approach and take a few big bets. + +I want to explore more opportunities in the multi-family real estate space, specifically focusing on deals that have a higher emphasis on cash flow over equity appreciation (haven't found any that I like yet). Picked real estate as that's an area I haven't made any investments in. + +**I'm looking to build a portfolio where I can net \~$300K in income annually and maximize my returns with moderate risk investments.** I have a great financial advisor who has been helping me out here, but wanted to turn to this subreddit to hear how others would craft a portfolio of a similar size. + +I want to emphasize this again - I'm posting this here to get perspective on how others would build their portfolio if they were 25, with this wealth, and wanted to be take moderate risk with their investable cash. +# Video of Level 2 Data before the halt + +Here is a [video](https://twitter.com/perspective508/status/1508802361380200449?s=20&t=Sb1VoPR74L4mwLdccFHjaQ) of the level 2 data showing how the shorts specifically created a set-up to trigger a halt and thus cause retail to be unable to trade while they manipulated the price through various loopholes. + +# I am not a financial advisor. + +I'm just a weird enginerd with a strong stats background. + +# Some Prediction Analysis Background + +I've been working on developing a model which essentially explains why we see specific values at what they are, trends, shapes, and other types of stuff. I'll write this up later because it is far more in depth. Effectively, it is a piecewise function that has set "rules" for various share price ranges. It also use "critical" values to determine what the next series of important numbers will be. I've been working on this model for months. The current trading halt that had multiple people seeing their calls in the money only served to provide more confidence that my current model is accurate. + +Given various type of set values, I've identified that are only seen in a specific type of trend, today should have been a considerable gain day. This is further suggested since many calls were in the money during the halt when a share price greater than \~$500 was seen. + +Here is a [tweet](https://twitter.com/pwnwtfbbq/status/1508693942547587073?s=20&t=kyNEMtfTskmj84pfxPhXZw) going over a very general and macro view of part of my current modeling stuff for reference. + +# Yes, RH sucks... + +This is one of a few different screenshots showing calls being in the money. There are more brokers located at the end with the credited source post. + +https://preview.redd.it/tf9l09gn6dq81.png?width=947&format=png&auto=webp&s=1c05dd167982e8d3959576b962f16a6cdb122070 + +[Post Source and Credit](https://www.reddit.com/r/Superstonk/comments/trlcpn/the_510_calls_i_have_been_watching_was_also_in/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +# Jan 2021 Fuckening + +What is concerning about this is the exact same situation happened when the buy back button was removed on Jan 28, 2021 where a share price was seen to hit \~$2,600. + +&#x200B; + +https://preview.redd.it/wxtnqnlt6dq81.png?width=1080&format=png&auto=webp&s=159ab5e446c9bdd78d7db6d82a22a9580bcb819f + +# What does this mean? + +Today's trading halt and Jan 2021 buy button removal both executed the same role and function. It prevented all buying pressure, however, HF still trading during these times. This resulted in a very high share price value being dropped to much smaller once trading began. + +The trading halt was the removal of the buy back button. The HF did the same thing in both stations to prevent the same situation of them being fucked. + +# Across the Pond Buy Button Removed + +There have also been multiple reports of the UK platform, Revolut, shutting off the buy button for GME and popcorn. + +https://preview.redd.it/rnr1rq2cmfq81.png?width=946&format=png&auto=webp&s=0671be0ae142dcd09ed12426896162f4eed8d0d1 + +https://preview.redd.it/x521azdlffq81.png?width=840&format=png&auto=webp&s=9e8aa68e2897d36e3434baf96309446817a276bb + +[Source Tweet](https://twitter.com/Scottish_Ape/status/1508895984872534016?s=20&t=nwz01gdHQzNH3RJfLH5lpw) + +# Different Brokers with ITM Calls and Credited Post + +1. This E-Trade [post](https://www.reddit.com/r/Superstonk/comments/tr5xu5/before_halt_300_shares_sold_for_275_etard_pro/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) hit values of $275 +2. This TD Ameritrade [post](https://www.reddit.com/r/GME/comments/tr0u1p/what_the_fuck_just_happened/) hit an ask size ~~values~~ of almost $450,000 + +# Post Edits: + +1. Added a video of the level 2 data before the halt. +2. Formatting +3. Added UK buy button removed snips + +Misc. Sauce and References: + +1. Yahoo [share price data.](https://finance.yahoo.com/quote/GME/history?p=GME) +2. Added quick analysis [Tweet](https://twitter.com/pwnwtfbbq/status/1508693942547587073?s=20&t=kyNEMtfTskmj84pfxPhXZw) +3. Added source credit to screenshot from u/blutsch813 +I am certainly not going to pretend I have a PhD in Economics or anything but the types of questions and answers in this sub disappoint me. Typical questions are very politicized and generalized such as “is capitalism good” or “tell me how this politician did economically”...these questions can be very vague and hard to answer in the first place. I get the impression these people tend to just want to have their political opinions reconfirmed, not get a nuanced discussion about legit economic questions. Answers are super short and choppy, seeming to come from people who took an introduction to macro class in high school and think that most of economics comes down to the phrase “ceterus paribus”. Rarely do you see any reference to academic studies or literature, an in depth break down of economic factors that relate to a problem, or views that are balanced in the sense they present conflicting evidence/theories. I think the mods need to have better standards as to what qualifies as a good question. +There seems to be two schools of thought when it comes to economics, + +And on Twitter I mostly follow right-wing, conservative, pro-bitcoin influencers that say we will soon enter hyperinflation as the government is printing too much money. + +The US government doesn't seem to think so... + +Can someone explain to me HOW printing that much money won't cause super high inflation? +I know that it's a good idea to DCA into a low cost index fund as a portion of my portfolio, and that time in the market > timing the market. However, as someone with value investing mindset, I find it hard to convince myself to put any funds into index funds right now, as everything is so overpriced. Any thoughts? +A survey of U.S. investors with $25 million or more finds their average age dropped by 11 years since 2014, to 47. +These fabulously rich Americans, whose ranks have more than doubled since the depths of the Great Recession, are younger than less wealthy millionaires. +The average age of those with at least a mere $1 million is 62, a number that hasn’t budged in years. + + +About 172,000 U.S. households have net worths of at least $25 million, Spectrem estimated last year. That’s up from 84,000 in 2008. + + +About nine in ten investors under 38 attributed their success to “inheritance” and “family connections” in the Spectrem survey. But the same proportion also said “hard work” and “running my own business” played a role. +About 70 percent of the richest investors said they’re still working. + + +https://www.bloomberg.com/news/articles/2019-01-23/super-rich-americans-are-getting-younger-and-multiplying?srnd=premium + + +I will be making 95k salary and my mom would like me to pitch in 1000 to 1200 a month for a 15 year mortgage on a half a million dollar condo in LA. We don't own any properties and my mom does not want to rent when she retires. She will be paying a majority of the mortage but we will still split the ownership of this condo. I also have about 24k in student debt. My only concern is that if I'm too young to be tied to a mortgage especially since I will be moving out to the Bay area for work so I will also have my own rent to worry about. It seems like a good deal to jointly own a condo by 40 for how much I'm putting in though. + +Edit: thanks everyone for being blunt. I'm glad this subreddit exists otherwise I mightve made a huge mistake! Fortunately my relationship with my mom is mature enough that she will be understanding that I won't sign a mortgage with her. Thanks again everyone! +I realize Gravel Institute is heavily left leaning. As someone who looked into driving for Uber, I am inclined to believe them on this one. The company employs independent contractors but seemingly doesn't given you the rights that go along with that. Uber won't even show drivers the destination or exact payout from a fare I found out. Not an expert in markets, but that seems like asymmetric information and not how they work. I've guessed on the full math on many trips in my city and I'd definitely be earning about what's claimed in the video hourly, maybe less. + +Video: + +https://youtu.be/OjW6ZZuJ4w4 +Title basically sums it up. If you had $1,000,000 to invest, but you had to live on the ROI. Where would you invest it? Dividend? Real estate? Cash position? Etc. + +Some context. House is sold, paid off so 1M in equity (tax is minimal as basis i in home was about same). + +Car paid off. + +Age 55. Single. + +Etc. +Welcome to the third and final part of this chapter. + +Thank you all for the 100s of comments and upvotes - maybe this post will take us above 1,000 for this topic! + +Keep any feedback or questions coming in the replies below. + +Before you read this note, please start with [Part I](https://www.reddit.com/r/Forex/comments/ia5f37/former_investment_bank_fx_trader_some_thoughts/) and then [Part II](https://www.reddit.com/r/Forex/comments/ibd24i/former_investment_bank_fx_trader_risk_management/) so it hangs together and makes sense. + +**Part III** + +* Squeezes and other risks +* Market positioning +* Bet correlation +* Crap trades, timeouts and monthly limits + +# Squeezes and other risks + +We are going to cover three common risks that traders face: events; squeezes, asymmetric bets. + +## Events + +Economic releases can cause large short-term volatility. The most famous is Non Farm Payrolls, which is the most widely watched measure of US employment levels and affects the price of many instruments.On an NFP announcement currencies like EURUSD might jump (or drop) 100 pips no problem.  + +This is fine and there are trading strategies that one may employ around this but the key thing is to be aware of these releases.You can find economic calendars all over the internet - including on this site - and you need only check if there are any major releases each day or week. + +For example, if you are trading off some intraday chart and scalping a few pips here and there it would be highly sensible to go into a known data release flat as it is pure coin-toss and not the reason for your trading. It only takes five minutes each day to plan for the day ahead so do not get caught out by this. Many retail traders get stopped out on such events when price volatility is at its peak. + +## Squeezes + +Short squeezes bring a lot of danger and perhaps some opportunity. + +The story of VW and Porsche is the best short squeeze ever. Throughout these articles we've used FX examples wherever possible but in this one instance the concept (which is also highly relevant in FX) is best illustrated with an historical lesson from a different asset class. + +A short squeeze is when a participant ends up in a short position they are forced to cover. Especially when the rest of the market knows that this participant can be bullied into stopping out at terrible levels, provided the market can briefly drive the price into their pain zone. + +&#x200B; + +[There's a reason for the car, don't worry](https://preview.redd.it/pm8j09czsdi51.jpg?width=1200&format=pjpg&auto=webp&s=88fa54fe275bbdab86d3e7103daa7709a8ca5e82) + +Hedge funds had been shorting VW stock. However the amount of VW stock available to buy in the open market was actually quite limited. The local government owned a chunk and Porsche itself had bought and locked away around 30%. Neither of these would sell to the hedge-funds so a good amount of the stock was un-buyable at any price. + +If you sell or short a stock you must be prepared to buy it back to go flat at some point. + +To cut a long story short, Porsche bought a lot of call options on VW stock. These options gave them the right to purchase VW stock from banks at slightly above market price.  + +Eventually the banks who had sold these options realised there was no VW stock to go out and buy since the German government wouldn’t sell its allocation and Porsche wouldn’t either. If Porsche called in the options the banks were in trouble. + +Porsche called in the options which forced the shorts to buy stock - at whatever price they could get it. + +The price squeezed higher as those that were short got massively squeezed and stopped out.  For one brief moment in 2008, VW was the world’s most valuable company. Shorts were burned hard. + +&#x200B; + +[Incredible event](https://preview.redd.it/5b971c91tdi51.png?width=1200&format=png&auto=webp&s=b9b9c735c39c5f6f1bd7e971e88e04341a7858fc) + +Porsche apparently made $11.5 billion on the trade. The BBC described Porsche as “a hedge fund with a carmaker attached.” + +If this all seems exotic then know that the same thing happens in FX all the time. If everyone in the market is talking about a key level in EURUSD being 1.2050 then you can bet the market will try to push through 1.2050 just to take out any short stops at that level. Whether it then rallies higher or fails and trades back lower is a different matter entirely. + +This brings us on to the matter of crowded trades. We will look at positioning in more detail in the next section. Crowded trades are dangerous for PNL. If everyone believes EURUSD is going down and has already sold EURUSD then you run the risk of a short squeeze.  + +For additional selling to take place you need a very good reason for people to add to their position whereas a move in the other direction could force mass buying to cover their shorts. + +A trading mentor when I worked at the investment bank once advised me: + +*Always think about which move would cause the maximum people the maximum pain. That move is precisely what you should be watching out for at all times.* + +## Asymmetric losses + +Also known as picking up pennies in front of a steamroller. This risk has caught out many a retail trader. Sometimes it is referred to as a "negative skew" strategy. + +Ideally what you are looking for is asymmetric risk trade set-ups: that is where the downside is clearly defined and smaller than the upside. What you want to avoid is the opposite. + +A famous example of this going wrong was the Swiss National Bank de-peg in 2012. + +The Swiss National Bank had said they would defend the price of EURCHF so that it did not go below 1.2. Many people believed it could never go below 1.2 due to this. Many retail traders therefore opted for a strategy that some describe as ‘picking up pennies in front of a steam-roller’.  + +They would would buy EURCHF above the peg level and hope for a tiny rally of several pips before selling them back and keep doing this repeatedly. Often they were highly leveraged at 100:1 so that they could amplify the profit of the tiny 5-10 pip rally. + +Then this happened. + +&#x200B; + +[Something that changed FX markets forever](https://preview.redd.it/2e05g7x2tdi51.jpg?width=1200&format=pjpg&auto=webp&s=5d93a5ad08308adacf65699fcd9e6334964e7784) + +The SNB suddenly did the unthinkable. They stopped defending the price. CHF jumped and so EURCHF (the number of CHF per 1 EUR) dropped to new lows very fast. Clearly, this trade had horrific risk : reward asymmetry: you risked 30% to make 0.05%. + +Other strategies like naively selling options have the same result. You win a small amount of money each day and [then spectacularly blow up](https://www.tampabay.com/business/how-tampas-james-cordier-went-from-high-roller-to-youtube-apology-after-losing-150-million-20190206/) at some point down the line. + +# Market positioning + +We have talked about short squeezes. But how do you know what the market position is? And should you care? + +Let’s start with the first. You should definitely care. + +Let’s imagine the entire market is exceptionally long EURUSD and positioning reaches extreme levels. This makes EURUSD very vulnerable.  + +To keep the price going higher EURUSD needs to attract fresh buy orders. If everyone is *already* long and has no room to add, what can incentivise people to keep buying? The news flow might be good. They may believe EURUSD goes higher. But they have already bought and have their maximum position on. + +On the flip side, if there’s an unexpected event and EURUSD gaps lower you will have the entire market trying to exit the position at the same time. Like a herd of cows running through a single doorway. Messy. + +We are going to look at this in more detail in a later chapter, where we discuss ‘carry’ trades. For now this TRYJPY chart might provide some idea of what a rush to the exits of a crowded position looks like. + +&#x200B; + +[A carry trade position clear-out in action](https://preview.redd.it/y1z1nnr4tdi51.png?width=1200&format=png&auto=webp&s=0460c19bb2d9e29020d6158ea8ed031ab29a1c3c) + +Knowing if the market is currently at extreme levels of long or short can therefore be helpful.  + +The CFTC makes available a weekly report, which details the overall positions of speculative traders “Non Commercial Traders” in some of the major futures products. This includes futures tied to deliverable FX pairs such as EURUSD as well as products such as gold. The report is called “CFTC Commitments of Traders” ("COT"). + +This is a great benchmark. It is far more representative of the overall market than the proprietary ones offered by retail brokers as it covers a far larger cross-section of the institutional market.  + +Generally market participants will not pay a lot of attention to commercial hedgers, which are also detailed in the report. This data is worth tracking but these folks are simply hedging real-world transactions rather than speculating so their activity is far less revealing and far more noisy.  + +You can find the data online for free and [download it directly here](https://www.cftc.gov/MarketReports/CommitmentsofTraders/HistoricalViewable/index.htm).  + +&#x200B; + +[Raw format is kinda hard to work with](https://preview.redd.it/f0qg3i56tdi51.jpg?width=1200&format=pjpg&auto=webp&s=6e9a2556e8c99e455ba7bd4838bd1775edba0325) + +&#x200B; + +However, many websites will chart this for you free of charge and you may find it more convenient to look at it that way. Just google “CFTC positioning charts”. + +&#x200B; + +[But you can easily get visualisations](https://preview.redd.it/q663yym7tdi51.png?width=1200&format=png&auto=webp&s=27966fe019384708d4fc985f71a3c41a37f9ca8f) + +You can visually spot extreme positioning. It is extremely powerful.  + +Bear in mind the reports come out Friday afternoon US time and the report is a snapshot up to the prior Tuesday. That means it is a lagged report - by the time it is released it is a few days out of date. For longer term trades where you hold positions for weeks this is of course still pretty helpful information. + +As well as the absolute level (is the speculative market net long or short) you can also use this to pick up on changes in positioning.  + +For example if bad news comes out how much does the net short increase? If good news comes out, the market may remain net short but how much did they buy back? + +A lot of traders ask themselves “Does the market have this trade on?” The positioning data is a good method for answering this. It provides a good finger on the pulse of the wider market sentiment and activity.  + +For example you might say: “There was lots of noise about the good employment numbers in the US. However, there wasn’t actually a lot of position change on the back of it. Maybe everyone who wants to buy already has. What would happen now if bad news came out?” + +In general traders will be wary of entering a crowded position because it will be hard to attract additional buyers or sellers and there could be an aggressive exit.  + +If you want to enter a trade that is showing extreme levels of positioning you must think carefully about this dynamic.  + +&#x200B; + +# Bet correlation + +Retail traders often drastically underestimate how correlated their bets are. + +*Through bitter experience, I have learned that a mistake in position correlation is the root of some of the most serious problems in trading. If you have eight highly correlated positions, then you are really trading one position that is eight times as large.* + +*Bruce Kovner of hedge fund, Caxton Associates* + +For example, if you are trading a bunch of pairs against the USD you will end up with a simply huge USD exposure. A single USD-trigger can ruin all your bets. Your ideal scenario — and it isn’t always possible — would be to have a highly diversified portfolio of bets that do not move in tandem.  + +Look at this chart. Inverted USD index (DXY) is green. AUDUSD is orange. EURUSD is blue.  + +&#x200B; + +[Chart from TradingView](https://preview.redd.it/ksx0xii9tdi51.jpg?width=1199&format=pjpg&auto=webp&s=86b703a6d5ca32bb1a19799c5d957b76e094f8f2) + +So the whole thing is just one big USD trade! If you are long AUDUSD, long EURUSD, and short DXY you have three anti USD bets that are all likely to work or fail together. + +The more diversified your portfolio of bets are, the more risk you can take on each. + +There’s a [really good video](https://www.youtube.com/watch?v=Nu4lHaSh7D4), explaining the benefits of diversification from Ray Dalio. + +A systematic fund with access to an investable universe of 10,000 instruments has more opportunity to make a better risk-adjusted return than a trader who only focuses on three symbols. Diversification really is the closest thing to a free lunch in finance. + +But let’s be pragmatic and realistic. Human retail traders don’t have capacity to run even one hundred bets at a time. More realistic would be an average of 2-3 trades on simultaneously. So what can be done? + +For example: + +* You might diversify across time horizons by having a mix of short-term and long-term trades.   +* You might diversify across asset classes - trading some FX but also crypto and equities. +* You might diversify your trade generation approach so you are not relying on the same indicators or drivers on each trade. +* You might diversify your exposure to the market regime by having some trades that assume a trend will continue (momentum) and some that assume we will be range-bound (carry). + +And so on. Basically you want to scan your portfolio of trades and make sure you are not putting all your eggs in one basket. If some trades underperform others will perform - assuming the bets are not correlated - and that way you can ensure your overall portfolio takes less risk per unit of return.  + +The key thing is to start thinking about a portfolio of bets and what each new trade offers to your existing portfolio of risk. Will it diversify or amplify a current exposure? + +# Crap trades, timeouts and monthly limits + +One common mistake is to get bored and restless and put on crap trades. This just means trades in which you have low conviction.  + +It is perfectly fine not to trade. If you feel like you do not understand the market at a particular point, simply choose not to trade.  + +Flat is a position. + +Do not waste your bullets on rubbish trades. Only enter a trade when you have carefully considered it from all angles and feel good about the risk. This will make it far easier to hold onto the trade if it moves against you at any point. You actually believe in it. + +Equally, you need to set monthly limits. A standard limit might be a 10% account balance stop per month. At that point you close all your positions immediately and stop trading till next month. + +&#x200B; + +[Be strict with yourself and walk away](https://preview.redd.it/n9fg9s5btdi51.png?width=1200&format=png&auto=webp&s=27a6029f24d27d508e0356904ed3044419663dbc) + +Let’s assume you started the year with $100k and made 5% in January so enter Feb with $105k balance. Your stop is therefore 10% of $105k or $10.5k . If your account balance dips to $94.5k ($105k-$10.5k) then you stop yourself out and don’t resume trading till March the first. + +Having monthly calendar breaks is nice for another reason. Say you made a load of money in January. You don’t want to start February feeling you are up 5% or it is too tempting to avoid trading all month and protect the existing win. Each month and each year should feel like a clean slate and an independent period.  + +Everyone has trading slumps. It is perfectly normal. It will definitely happen to you at some stage. The trick is to take a break and refocus. Conserve your capital by not trading a lot whilst you are on a losing streak. This period will be much harder for you emotionally and you’ll end up making suboptimal decisions. An enforced break will help you see the bigger picture.  + +Put in place a process before you start trading and then it’ll be easy to follow and will feel much less emotional. Remember: the market doesn’t care if you win or lose, it is nothing personal. + +When your head has cooled and you feel calm you return the next month and begin the task of building back your account balance.  + +# That's a wrap on risk management + +Thanks for taking time to read this three-part chapter on risk management. I hope you enjoyed it. Do comment in the replies if you have any questions or feedback. + +Remember: the most important part of trading is not making money. It is not losing money. Always start with that principle. I hope these three notes have provided some food for thought on how you might approach risk management and are of practical use to you when trading. Avoiding mistakes is not a sexy tagline but it is an effective and reliable way to improve results. + +Next up I will be writing about an exciting topic I think many traders should look at rather differently: news trading. Please follow on here to receive notifications and the broad outline is below. + + +**News Trading Part I** + +* Introduction +* Why use the economic calendar +* Reading the economic calendar +* Knowing what's priced in +* Surveys +* Interest rates +* First order thinking vs second order thinking + +**News Trading Part II** + +* Preparing for quantitative and qualitative releases +* Data surprise index +* Using recent events to predict future reactions +* Buy the rumour, sell the fact +* The mysterious 'position trim' effect +* Reversals +* Some key FX releases + +\*\*\* + +&#x200B; + +*Disclaimer:This content is not investment advice and you should not place any reliance on it. The views expressed are the author's own and should not be attributed to any other person, including their employer.* +While we continue to run around like headless chickens chasing our tendies, take a moment to stop and reflect on the past. + +103 years ago the guns fell silent on the Western Front after four years of cataclysmic conflict. 40 million casualties, 20 million dead and 21 million wounded military and civilians. + +The link is to a recreation of what that moment of Armistice may have sounded like. Take a minute out of your busy day, plug some headphones in, crank the volume up to full, and imagine the first 20 seconds being four whole years of your life. Every waking and sleeping moment. Try to wrap your head around what that might have been like. + +It never fails to make the hairs on the back of my neck stand up. + +[https://codatocoda.bandcamp.com/album/iwm-ww1-armistice-interpretation-sound-installation?fbclid=IwAR2IWBp5swHjf8lXdzKUR1jqNld0qutJvQJgkDGz8zhdFahWlFwcvUNqKPs](https://codatocoda.bandcamp.com/album/iwm-ww1-armistice-interpretation-sound-installation?fbclid=IwAR2IWBp5swHjf8lXdzKUR1jqNld0qutJvQJgkDGz8zhdFahWlFwcvUNqKPs) + +I've been through an incredibly difficult period in my life recently, and for a while I was convinced there was no hope and I had nothing to look forward to. That the best thing in my life was gone and it was my fault. Since then I've found myself again, and I am back better than ever. But today, on Armistice Day, I listened as I do every year and appreciated everything I have and everything there is to look forward to in life. + +I know this is completely off-topic for this Reddit page but I think it is important enough to share given how awareness and understanding of history is deteriorating at a faster and faster rate the longer the time since grows. All those who were there to see it and live it are now departed from us, they can no longer share their wisdom, experience and warnings. + +As a 22 year old I know for a fact barely anyone in my age group has any real awareness, understanding or comprehension. I know it is worse for even younger people, and there is also staggering ambivalence among much of the population older than me. It's hard to think about, and people don't like thinking about difficult things. But it is so important that we do. + +The onus is on each of us to reflect and remember, and it has never been more important than now as regional tensions rise and our Federal Government beats the drums of war against China in the hope of securing reelection based on fear. + +While we have every right, and need to stand up for ourselves as a nation, we have to do it in a way that avoids open conflict at all costs. A war with China in today's modern context of weapons technology would be mind-bogglingly catastrophic and cataclysmic. The loss of human life, the scale of destruction, would make all previous wars combined, seem tame in comparison. + +Modern war is spoken of in an increasingly abstract manner, as if a war would be detached from our lived experience due to technology. But just look at the events during and since pulling out of Afghanistan, the crisis in Yemen, for examples of what war still looks like. If open conflict really does break out, those detached and surreal images on the news from overseas will become our lived experiences, and you're kidding yourself if you think otherwise. + +I am no coward and would fight to defend this country if it came to that, but I have an intense interest in and understanding of history, especially the world wars. I have a strong understanding of what a war with China would actually mean, what it might look like, the cost. + +So I would much rather such a scenario where I don't have to take up arms, out of preference to live a long healthy and happy life, and a desire for my fellow humans to get the same. + +So Lest We Forget. + +Sorry again for the off-topic essay, but this is important and we need more awareness of the past now than ever before. +I'm not sure if you were around a few months ago back in May when this little token known as UltraSafe blew up and made its way not just to the history books for breaking over 5 world records, but also onto billboards on NY Times Square for the month of Jun! 'Twas pretty insane. 🚀 + +This frictionless yield farming token (a fork of another very popular and successful project with the same concept) vastly improved upon the framework and security issues that plague the macro-market today. 🚧👎❌ + +By boasting an extremely quick and successful entry to market and listing on CoinGecko on its launch day, as well as and delivering on some major points that any investor with wits about them will initially look for in terms of audits (performed by 'Solidity' & crypto-renown 'Certik'), UltraSafe was a serious contender for the main stage in Crypto, though due to stablecoin market events and other real world implications this project's unlimited potential underwent suffering during the overall market's turbulent early summer. ✈️🌩 + +That said, with recent events & developments both within the project and in general sentiment of investors alike becoming seemingly bullish once more, holders of UltraSafe can now take solace in the reflections they've been earning during the dip in price it has seen. 📉📈📈 + +Reflections, you say? Yes, being a frictionless yield farming token UltraSafe takes 8% of EVERY TRANSACTION and redistributes 4% firstly to the locked liquidity pool and a further 4% to its holders proportionate to the value of which they're holding! Passive income and a growing holder count. Ultra has 41,289 holders at the time of writing this, so there's still some way to go and it is early doors for anyone bumping into this incredible project. 🙌 + +I say incredible due to the story it's provided so far, not just in the project but also in the community as it has flourished and grown since day 1. A bubbling community of humour and likeminded investors creating such a bullish and enjoyable atmosphere that everyone wants to take part. (they've even hosted meme competitions in the past!) 🥳🎉 + +What's more, they've also started to deliver upon their promises, with Staking being released today. Staking on UltraSafe is different than any other token out there as it does not have a set APY. Ultra staking rewards are directly correlated to volume of the token so the more people trading, the more people trading the more rewards. One of the devs in TG said if it was like the first week of Ultra they would've been able to offer 10 Trillion tokens for weekly staking rewards and this would've been around 1.2 million dollars at the time! Crazy stuff and since we are in NFT season again with Ultras NFT marketplace coming out next week I feel the all time high will be smashed and we will get huge staking rewards! +I'm implementing a trading strategy in Python that I learned last year and successfully traded with manually. + +Here's an image of my bot's 3 years backtest of BTCUSD trades. I'm getting great results, but this is my first rodeo. Can I ask, what are common pitfalls to watch out for when trading live, versus a backtest? How might trading live lose money despite a backtest winning big? + +Edit: fixed the image link, sorry + +https://solrac.prodibi.com/a/1jwk24gd54qyqxv +For years, the crypto community has pointed to government control over fiat money as the reason Bitcoin needs to exist. People need an asset that they know can't be arbitrarily printed or controlled by corrupt governments. + +And after 12 years, this narrative is taking hold. The financial industry is starting to take Bitcoin seriously, investors and large corporations are putting Bitcoin on their balance sheet to reduce their dependency on the behavior of the US federal government. + +**But the next fight is upon us.** + +This week, the common folk of the internet discovered their power. They discovered that by working together, they can challenge the powerful entities of Wall Street. + +And Wall Street hates it. + +As of right now, Robinhood and most other trading products are in "reduce only mode". + +Wall Street has decided that you're not responsible enough to buy the stocks that you like, so they've taken away your stock buying privileges. + +Of course, hedge funds will still have access to GME and AMC. But not you. + +**This is why Bitcoin is only the beginning of this revolution.** + +It's not simply enough to be able to custody your own assets. You need to be able to trade them, to lend them, to leverage them. You should have access to the same financial instruments that the rich people on Wall Street have access to. + +**This is why we need DeFi** + +Nobody can turn off Uniswap. Nobody can turn off Aave. Nobody can turn off Synthetix. + +Nobody can tell you that leverage-longing some shitcoin is irresponsible and you're not allowed to do it. + +**This can be our moment.** + +Thousands of people, from WSB to Twitter, have just been deplatformed, just for wanting to invest their money as they see fit. + +Let's show them the future. Let's show them a world where finance is not owned by any government or hedge fund or billionaire. + +A world where, as long as you're not hurting anyone, you're free to use your money however you like. +Listen gang, + +I’ve been around the game awhile. I’ve got credentials, letters behind my name, experience in banking and trading professionally... + +If you think it’s easy. You’re going to be fucked. Volatility is a controlled variable, and over time it’s bound to correct. + +If something works. Then great, but don’t over use it. The wheel can hurt you, and it likely will over time. + +Please use diversified strategies and don’t listen to all of the “new trader” nonsense. Even people who’ve been trading options for 24 months may not understand how lucky they have been. + +I like the wheel, I think it’s got a good spot in most options portfolios, don’t make it your religion. + +Good luck out there. +Welcome to the ETH Daily Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here. Please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules)** to become familiar with them. 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To visit this thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +* For newcomers who have basic questions about Ethereum, you can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](http://bit.ly/2rMAXmq). + +* **[EXPERIMENTAL]** - 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! + +To start off, yes it is a generous salary but my question is really asking “are you rich if you earn this money?” + +Today I read that “Billions of dollars in tax relief for wealthy Australians is locked in regardless of who wins the next election, with federal Labor officially vowing to support the final stage of tax cuts after months of internal party debate.” + +I grew up in Western Sydney where incomes can be quite diverse. I had some friends whose parents were probably making 50k in unskilled work with other friends who had parents who did well with their own businesses (usually trades) bringing in 150k a year. + +My old man makes about 150k as a Tradie. I once heard my Aunty (who would make roughly 50k) talk about the “super rich” people who make over 100k and how they should be taxed more than 50 per cent to make things fairer. + +It seems like a lot of Australians believe 150k is Sydneys Noth Shore, a Porsche 911, holidays each year in France... + +When in reality is was an SS Commodore instead of an Omega, a ski boat, a holiday caravan in Forster and a brick house with with a pool in Campbelltowns “fancier” suburbs. + +So what are your thoughts? Feel free to challenge me on this one as I’m interested in seeing it from a different perspective. +We stop pouring ETH on ICOs, it's that simple. + +ICOs should raise the equivalent amount they would have been able to in the fiat world. An idea without a company/product isn't worth $30m, maybe $1-2. + +When we invest those sums, we transfer ETH from people who believe in its future (us), to people who don't. Hence, it's *us* who do the dumping, indirectly. + +We should investigate ICOs more seriously, and ask tough questions about returns & obligations. +We should demand proofs & trustless mechanisms to ensure the token worth. + +$30m is 0.1% of the *entire Eth cap*. Do you really think any one idea could be worth that much? +In the fiat world, 0.1% of the USD is $4b. **Heard of any startup raising $4b based on a paper and a team list?** + +No? So **stop dumping your precious ETH on ICOs**. + +We have an extremely undervalued coin here. It's not one of the endless XYZ coins, but **ETH**. + +Dump your XYZ tokens, and get more ETH. + + +Bloomberg tried to give Kenny an easy PR layup of a softball interview, no questions on short-selling or his Congressional testimony, and even an applause-track to make it sound like his mayo-hole produced useful noises... oops: + + “Ken Griffin is a liar. He lied to Congress last year and he is lying to Chicagoans now." -Governor Pritzker + +[https://www.audacy.com/wbbm780/news/local/richest-illinoisan-takes-aim-at-gov-pritzker-calls-chicago-like-afghanistan](https://www.audacy.com/wbbm780/news/local/richest-illinoisan-takes-aim-at-gov-pritzker-calls-chicago-like-afghanistan) +I've been racking my brain trying to figure out what's going on with the options, and why shorts weren't worried about the share deliveries from contracts expiring tomorrow. While trying to work it out, I've been waiting for the quarterly SEC Filing from Melvin, and we finally got it on Feb 16. + +On 2/16/21, Melvin reported a 6,000,000 share Put holding on GME. That is how they planned on covering this, and how I've been saying the shorts could have wormed their way out of this calamity every time someone posts "they had no way out!"... Yah, actually they did, sadly... + +Filing: https://fintel.io/so/us/gme/melvin-capital-management-lp + +So, I went digging in the time machine to see what contracts were available on the option chain as seen on 12/31/20... + +And come to find out, the strike max on any contracts (even all the way out to 2023) was $40 max. + +https://i.imgur.com/PAvhWw9.jpg + +Now, here's where I smelled the Fuckery cooking... + +On 1/27/21, CNBC reported that Melvin capital closed out their short position that Tuesday (the 26th), for "a huge loss". + +Tuesday would be the delivery date for the 1/22/21 options after T+2, so it makes sense on the surface... + +Except that the highest strike price option available for purchase on or before 12/31/20 was $40... And 1/22/21 closed at $65.01... + +There is zero way for any options that Melvin owned in December to have exercised to cover his shares on the 26th. + +If Melvin went to market to buy the shares outright, 1/26/21 closed at $147.98. Even if he covered every share at max price, $147.98 x 6,000,000 (the number they were hedging) would only equal $887,880,000... + +So, why the $3bil injection of funds? + +Routers claims that Melvin started January with $12.5bil in capital and that it dropped to $5bil capital during the GME run, and ended at $8bil to close the month after the $3bil Citadel/P72 bailout. + +https://www.reuters.com/article/us-retail-trading-melvin-idUSKBN2A00KW + +If they closed out on that Tuesday for $880mil, where did they lose the extra $7.5bil at?... + +Even if they only hedged half their bet, and had 12,000,000 short positions to close, it would still only be $1.8bil on that Tuesday. (Much closer to the $3bil bailout, admittedly) + +They would have had to have been short ~24,000,000 shares to lose $3bil... So why only hedge 6,000,000 of it? + +Here's where it gets extra deep into the Fuckery... + +The option contracts available on 12/31/20 go from: + +2/12/21 +2/19/21 +4/16/21 + +They jump 2 months between contracts, and February 19 is the last exercise date available from a 12/31/20 purchase until April. + +https://i.imgur.com/Ut6rpea.jpg + +And the highest strike available to buy was... you guessed it... $40. + +Tomorrow is the last day until April for those old $40 Put/Call options to finish in the money. + +Any firm that tried to hedge their shorts with puts, even with max strike contracts, loses their Put options if the price finishes over $40 tomorrow. + +GME short % of volume was 26% Tuesday, 23% yesterday, and 21% today. + +One out of every Four shares sold this week has been a short... and now we know why. + +If GME finishes over $40 tomorrow, any firm that was trying to cover their shorts through $40 Put options from December (or before) would be stuck buying shares to cover until April. + +Any theta gang Call seller that posted $40 max strikes to collect Premium in December is also on the $40 line this week... But they'd need to purchase shares, or lose them if they were covered and still own them (theta gang sold their shares at $400 knowing they could buy them later for less, trust me...) + +Now, I do realize that Melvin held 6,000,000 shares worth of options, and that there's less than 20,000 open interest (less than 14,000 now that I look... Over 4,000 have been taken off the chain in the last 48 hours...), but this explains the mad dash to $40... + +The calls don't want to get exercised on, and the puts want their shares. They want it to $40 so badly, they've shorted an extra 8,000,000 shares this week alone. + +What I don't understand is why those 1,800,000 shares are *so* important... + +We had 24,000,000 in volume today. They could easily snipe 2mil shares in the course of a day or two... + +...Unless all of the volume these last few weeks has been entirely the funds trading back and forth, and there's a LOT less public float than we thought... + +There was a post earlier of a level 2 order page being constantly hit with 1 share and 0 (yes zero) share orders. + +I'm starting to think that they are trading volume back and forth at the third/fourth decimal point with each other. Retail brokers can only do shares in two-decimal prices, ie $420.69... but market makers and the exchanges go to the third and sometimes fourth decimal point. The firms could be trading back and forth, on the books so it affects volume, at a decimal place that retail isn't allowed to access. + +Brokers and market makers have a responsibility to give buyers the best whole-cent price, but scalping the spread is how the market makers take profit from order flows and how you get zero commission trades. + +It could also be used as a loophole to keep retail from buying the shares that the firms are swapping. If the bid is $419.99 and a firm is selling at the price of $420.0005, but it would cost a retail buyer $420.01 (since we can only deal in whole-cents), it would allow another firm to snatch the shares ahead of retail between the spread. They would just enter a buy limit down to the .0005 decimal point, and take whatever small $420.00 shares are listed on the order book with it. + +It would only cost $500 to add 1,000,000 in volume to the trading day at $0.0005/share (plus whatever shares they bought ahead of it). + +I've been watching the level 2s from three different brokers, and there's never more than 20 orders total on the books for GME at any given time (and at least two of those are $6969.69 meme asks). Retail isn't selling, and I've never seen a 100k sell order on a book from an institutional holder. So the volume is coming from somewhere we don't have access to, even though it's counted in the daily trading volume... + +I'm starting to think they are spoofing volume to make the market think shares are trading, when the pool is virtually dry in reality. + +This shit keeps getting weirder... + +To close: I actually do think Melvin is out. His Put volume that is no longer seen on the option chain, and his cash infusion both point to that happening. I do think others are fighting to finally dig themselves out of this hole, and tomorrow is their last chance... and I think they've been digging themselves deeper to try to make that happen. + +460,000 shares are up for Call assignment if it stays above $40 tomorrow, and 1,370,000 Put shares don't get delivered if it stays above $40 tomorrow. That's $72,000,000 in shares that are being fought over just at the $40 mark... + +(Another 1,200,000 put shares deliver under $48, and another 1,300,000 deliver under $50) + +What I don't understand though... GME hit $48 during DFVs opening statement, and then we got hit with 4,000,000 short sale orders over the course of the rest of the day (finra). + +Who shorts $160,000,000 to secure $72,000,000 in options? Interest on shorts rose from 1.08% Tuesday to 1.35% today. They've been adding more shorts by the day. Why are they shorting it so hard right after a mini-squeeze just happened and they *know* we aren't selling? + +Open interest for $40 Puts on 2/26/21 drops off a cliff to 2,600 open contracts. There is something very special about this weeks options, but I don't have the entire picture of what or why yet... + +(2 week delays in reporting are garbage for knowing the market today...) + +Unless they know the shares aren't really there on the market to buy... + +Oh, in other news, Jane Street just reported owning 1,500,000 in GME call shares and 1,070,000 in Put shares... + +Https://fintel.io/so/us/gme/jane-street-group-llc + +Jane Street Capital was the market maker that helped save the bond ETFs last year during the crash. When they step in to a large position, there's often a reason behind it. + +I don't think this story is done being written yet... + +I'm starting to think that those options are the last chance to get shares out of a dry pool... + +~~ + +Edit for Tl;dr: + +I think there's no shares on the market and the funds have been spoofing volume. + +The 2/19/21 options are the last options available to exercise from before the squeeze until April. + +The highest strike available on those contracts at the time was $40. + +Jane Street has 2.5mil in shares through option contracts somewhere on the chain. Jane Street is known for helping market liquidity during "Oh Fuck" situations. + +This is affecting the market way more than just GME... We just haven't seen how or why yet... + +~~ + +Edit: there is discussion about sold to open puts not being required to list on the 13f. Melvin's Edgar for the position shows that it has 6,000,000 shares of Class A voting power at a price per share of $18.84 per share. The stock closed on 12/31/20 at $18.84. It seems to be showing ownership. + +Melvin's position doesn't matter to the date/strike timeline and that's why I left him out of the Tl;dr, but if someone could explain to me how a bought Put would have voting authority, I'd like to learn for future research reference... + +https://www.sec.gov/Archives/edgar/data/1628110/000090571821000248/xslForm13F_X01/infotable.xml +So I have two applicants for one of the units in a two unit townhouse. Assume all paper work and due diligence is in order and the decisions is largely ethical: + +Option A) a young couple who have gig-type jobs, one including probably housing several dogs in the back yard. Or + +Option B) Three Ecuadorian brothers and their two girlfriends. No kids, no pets. The brothers work for a company I recently hired for renovations. The manager of that company acted as translator and advocate for me to accept them - as it would mean less carpooling at the company’s expense. The main problem is that I don’t speak Spanish well, and that 5 people in a 3 bedroom 2 bath apartment seems a bit tight. + +Any input or experience to share to help me make a decision?? + +Ps. I recently went through a lengthy eviction for said unit, and I am rather eager to fill it May 1st to recoup expenses. +Curious to ask those who are retired as of today how much they have saved for retirement and how did they save for retirement? How old are you? What worked for you and what didn’t work for you? +Thanks for your responses! +# Edit: Debunked! Big sad. The posts of glitches were only around T+21 dates so that thew me for a loop. They happen frequently and in other stocks too. I'm not a TOS user so I followed a red herring only to get suplexed by /u/jsmar18 + +Gonna make this quick since I'm hype AF, want to get my thoughts out, and to get more apes to discuss. + +Once again - I am not a financial advisor and I am not providing you financial advice. + +# 0. Volume Glitches Close To T+21 Days + +Let's get right to it. We've been seeing glitches once in a while of volume on the buy side. They've always confused me and STILL confuse me, but maybe it's finally coming together. + +We saw a "[glitch](https://www.reddit.com/r/Superstonk/comments/nkyxt4/the_gme_glitch_of_63_million_shares_on_may/)" yesterday in buy order volume. A glitch of \~63M: + +[May 25 Volume Glitch](https://preview.redd.it/j6cztbn42h171.png?width=1899&format=png&auto=webp&s=9b617e53e87a80476cac4ac059016f6da28c1649) + +And this isn't the first time it's happened. [We also saw a "glitch" on March 23](https://www.reddit.com/r/GME/comments/mbs1kb/so_theres_a_643m_order_sitting_on_tos_right_now/?utm_medium=android_app&utm_source=share). A buy order volume glitch of \~634M: + +[March 23 Volume Glitch](https://preview.redd.it/ikjif9uq1h171.png?width=548&format=png&auto=webp&s=ab35e481a86012365efa2fbe7d84ecd35b39b921) + +[And another "glitch" on February 22nd.](https://www.reddit.com/r/GME/comments/lq0lwu/why_is_there_a_94_million_share_buy_order_in_for/?utm_medium=android_app&utm_source=share) A buy order volume glitch of \~94M: + +[Feb 22 Volume Glitch](https://preview.redd.it/lo7ujctv1h171.png?width=1856&format=png&auto=webp&s=a7bed537ad4f811c7399a66706afcc1da2b23e97) + +Notice something.... interesting about the dates? Those are all **very close to T+21 dates**. For a refresh, here's the T+21 days that have happened in 2021: + +* January 25 +* February 24 (Glitch on February 22) +* March 25 (Glitch on March 23) +* April 26 +* May 25 + +Ok cool, we have buy order volume glitches. What could they possibly mean? + +# 1. FINRA Trade Report Processing Rule + +Our fellow ape /u/afterberner9000 found [a FINRA rule](https://www.finra.org/rules-guidance/rulebooks/finra-rules/7140) which could explain why we're seeing things ramp up. Why we might now be experiencing T+21 a day later on T+22. Here's a link to their comment: + +[https://www.reddit.com/r/Superstonk/comments/nkwhq3/the\_dd\_has\_once\_again\_proven\_to\_be\_true/gzfa2o5/?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/Superstonk/comments/nkwhq3/the_dd_has_once_again_proven_to_be_true/gzfa2o5/?utm_medium=android_app&utm_source=share&context=3) + +Edit: The rule is still important to note. But disregard the speculation regarding these glitches. + +~~Essentially, their trade will become 'locked in' (forced) **if it remains open by 2:30PM**. So what does this mean?~~ + +~~**(Speculation coming**) Need more apes to discuss.~~ + +1. ~~**Zoom back to February 22nd.** They get a glitch of 94M **at the end of the day,** meaning the order is actually for February 23rd.~~ +2. ~~By 2:30PM February 23rd, they need to close that order or it gets locked in. They **need to can-kick this order or it will be forced the next day (Feb 24th)**.~~ +3. ~~They can-kicked as much as possible but didn't close the entire order of 94M. 2:30PM February 23rd hits, and their buy order is locked-in for the next day, February 24th.~~ +4. ~~February 24th hits and the remainder of the buy order goes through - resulting in a huge spike in price.~~ + +~~Apply this now to March 23rd glitch. They can-kicked tons of that volume order by March 24th. And then, March 25th surge happened. What could this mean for the glitch we just saw? **Well, if the theory is right and the rule applies here, then they need to can-kick a 63M buy order by EOD May 26th (today) or let it go through.**~~ + +# 2. Volume Glitches = Portion of SI%? + +Edit: The glitches cannot be used to calculate SI% or anything significant. This is a common glitch on TOS as pointed out by our other fellow apes. (They should fix that lol) + +~~If these are truly buy orders of their can-kicking, then Jesus Christ, what the hell did they do?! I'll provide you with some crazy numbers.~~ + +~~We don't know how much their SI% is, but these glitches might be a big, big hint.~~ + +~~The orders are very spread out, so they could be overlapping here and not be cumulative. So for the sake of this post, we'll assume the **634M** volume order on March 23rd is what they're can-kicking off of their balance sheet. **This doesn't even include their current short position.** But let's say that it is the currently reported 20% SI% plus the 634M order. Know how much SI% just that gives us?~~ + +~~20% SI @ 55m float = 11M~~ + +~~11M + 634M = 645M~~ + +~~645M / 55M float = 11.72~~ + +&#x200B; + +~~SI% From March 23 Glitch: 1,172%~~ + + +~~Oh boy.~~ + +~~But wait, there's more!~~ + +&#x200B; + +~~There was another glitch on March 25. Either this is what they are can-kicking, or this throws the entire theory out the window. Because it is a terrifyingly large number and might not even account for overlap of can-kicking. If this is what they're can-kicking, then [what the hell is this "glitch" on March 25](https://www.reddit.com/r/GME/comments/mdcy3x/185_billion_buy_volume_18375_still_showing_in/)?~~ + +[March 25 Volume Glitch](https://preview.redd.it/yvcqcc8k6h171.png?width=1879&format=png&auto=webp&s=b0765d8bd6a96dc100292e05e5aefcdb090c87a7) + +~~Yeah, that's 1.85 BILLION. **If** these orders are their true short positions that are being suppressed, then that comes out to be..~~ + +~~SI% From March 25 Glitch: 3,383%~~ + + + +~~These guys are going to break the damn stock market if this is true.~~ +🚀Ok, no need to waste more time, now is the interesting part that I want to share with you. This project, Marshot, is burning their tokens every Friday, and today they are about to do it again. After doing some research and visiting their website, I’m awared that there is a 5% tax on each $MARS transaction will be distributed back to all $MARS holders. And **BURNING** is considered a transaction on the BSC network. Do you see what I mean?  + +So if you buy $MARS before the burning event and hold it through the Tokens Burning Event, you will get a massive amount of **FREE tokens** without doing anything. I missed the first and second tokens burning events, so I can’t wait for this one! + +Before deciding to invest in any crypto, I always check and research carefully. The following are the fundamental factors of the project I have studied: + +\- Rug-proof (ownership renounced, LP token burned, etc.) (I strongly recommend you check this factor carefully before investing in any project). + +\- Launch on Binance Smart Chain: a plus, the fee is low, so I can make as many transactions as I want. + +\- Passive Income: 5% tax on each transaction is a huge amount imo. + +\- Donations: they said another 5% tax on each transaction would be used for this. Cool. + +\- Dev team: they are not doxxed yet, but it doesn’t matter to me since the project is rug-proof. The important thing is they seem to be a talented and dedicated team. I come to this conclusion after visiting their website, sneaking into telegram channel to see how they respond to the community, how often they are online. + +\- Token economics: 50% locked in liquidity, more than 42% burned, and 5% more tokens are being burned gradually. + +\- NFT features coming (staking, mining): this is important. NFT is a trend that we can’t deny. I've always wanted to invest in projects with NFT features. + +\- They update and public all the info and tx links on their website and tele channel. + +So what are you waiting for? + +Telegram: t.me/Marshot\_official + +Website:Marshot.io + +Contract address: 0xaBB2EE509e011d0b241d9837eDB4fa7c25c09aA0 + +PancakeSwap: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xaBB2EE509e011d0b241d9837eDB4fa7c25c09aA0](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xaBB2EE509e011d0b241d9837eDB4fa7c25c09aA0) +The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2021 to David Card “for his empirical contributions to labour economics”, and to Joshua D. Angrist and Guido W. Imbens “for their methodological contributions to the analysis of causal relationships”. + +#### Nobel Prize Committee + +* [Video announcement](https://www.youtube.com/watch?v=nUTRasDkXK0) +* [Summary](https://www.nobelprize.org/prizes/economic-sciences/2021/summary/) +* [Press release](https://www.nobelprize.org/prizes/economic-sciences/2021/press-release/) +* [Popular science background: Natural experiments help answer important questions](https://www.nobelprize.org/uploads/2021/10/popular-economicsciencesprize2021.pdf) +* [Scientific Background: Answering causal questions using observational data](https://www.nobelprize.org/uploads/2021/10/advanced-economicsciencesprize2021.pdf) + +#### Press coverage + +* [NYT: Nobel in economics goes to David Card, Joshua Angrist and Guido Imbens.](https://www.nytimes.com/2021/10/11/business/nobel-economics-prize-david-card-joshua-angrist-guido-imbens.html) +* [CNN: Nobel Prize in economics awarded to David Card, Joshua D. Angrist and Guido W. Imbens](https://edition.cnn.com/2021/10/11/business/nobel-prize-economics-winner-2021-intl/index.html) +* [CNBC: Nobel Prize in economics awarded to David Card, Joshua D. Angrist and Guido W. Imbens](https://www.cnbc.com/2021/10/11/nobel-prize-in-economics-awarded-to-david-card-joshua-d-angrist-and-guido-w-imbens.html) + +This page will be expanded with additional news coverage and commentary as the day progresses. Please direct all Nobel discussion here. +TL;DR: do not stop working/studying when/if you get rich through crypto (or by any other means). Set up your own business, study something you love or whatever. Just make sure your brain will keep doing some exercise and that you'll be part of some group/society. + +Seeing so many posts about when lambo, when moon etc., I see myself a few years ago discovering that I could finally hasten by \~10 years my retirement (I'm in my 60's now). Damn, was I happy about that. I could finally erase all my debt, travel without worrying about days off being discounted of my paycheck, spend lots of time with my family and buy some of the stuff I've always wanted. In \~6 months my life changed really hard, and for the better! I gave my grand kids a nice trip do Disney and paid the wedding of my youngest daughter. Suddenly everything fit perfectly. + +After 7-8 months, then, I got myself thinking like "so... is this it?". I was not happy anymore. Don't get me wrong: I wasn't *unhappy*, but I wasn't happy either. I would wake up everyday, go for a walk, pass by some bakery and buy some stuff, and get back home to surf on the web. I could of course travel to wherever I wanted, but what for? + +Friends came in asking for money and I never heard from them again. Some relatives thought I'd won the lottery and suddenly became extremely friendly and helpful, even though literally no one but my daughter and her husband were here at my wife's funeral. + +At the end, I've decided to go back to studying and finally entered college. It changed my way of perceiving the world and now I'm quite happy. I've also volunteered at some NGOs in my city and it helped me to keep my pace with society. + +So my advice is that you need to get prepared to deal with boredom. We grow up with our parents telling us to go to school, have a job, a car, a house and that this is life. But when you suddenly have the car, the house and everything else, what's left? Do something for yourself and have this in mind. + +Boredom hits hard and you need to get prepared to deal with it. + +Godspeed to you all! + +EDIT: wow, never expected so many reactions to this post! Thanks for the love you all! Will try to reply to some comments soon. + +EDIT2: My DM box is flooded with people asking for advice. I did NOT day trade, I simply held whatever I had. I was lucky to be at the right place and time to acquire cheap coins that happened to moon in 2017. + +EDIT3: People in the comments saying it’s my fault for not thinking about other aspects of life before having money. You can’t be much of a philosopher without having had the time or money to study. I had to work to eat and lived from paycheck to paycheck for a fair amount of time. All my worries were immediate. + Trust mechanisms: Other trust mechanisms between different actors might include: + +● Activity level metrics, including network participation and transactions concluded. + +● Date joined. + +● Endorsements, an endorsement equals an elevated level of connection, when endorsing an actor on the Government Network you are vouching for its trustworthiness and ability to transact. + +● Data whom which the actor chooses to make public: e.g. company details, location and trade licenses. + +● Social media links. + +● An automated KYC gradation system, based on the cumulative data received from the citizen and by its activity on the network. + Trust mechanisms: Other trust mechanisms between different actors might include: + +● Activity level metrics, including network participation and transactions concluded. + +● Date joined. + +● Endorsements, an endorsement equals an elevated level of connection, when endorsing an actor on the Government Network you are vouching for its trustworthiness and ability to transact. + +● Data whom which the actor chooses to make public: e.g. company details, location and trade licenses. + +● Social media links. + +● An automated KYC gradation system, based on the cumulative data received from the citizen and by its activity on the network. +Came across this comment made as feedback to a recent askreddit post and thought I'd share it. It hits home to me, given that I really haven't thought much (until now) in terms of how many useful years I likely have left: + +"Some extremely wealthy people I have been around have a more acute sense of their own time and mortality, leading to impatience. Like they understand how awesome their lives are and therefore how short they feel. I knew a guy whose vintage yacht broke down before summer so he bought another one strictly for that upcoming Summer. His reasoning was he likely had 20 full health summers left in his life and didn’t want to spend one of them without a boat considering he had the means to. Honestly can’t argue with that logic." + +I think I'm going to take this comment to heart and try better to start living it. +One of my good friends is a real-estate broker in Tampa, FL and he sent me this message today: + + +Here is another one…..Open Door. Buying homes in the frenzy of the market now getting stuck with them. selling them at a loss. I just showed one last week. They had it on the market for 50k less than they paid for it. By the way all they do is put lipstick on a pig and try to resell it. Their “ updating” is horrible work. + + +Source: [Opendoor Lost Nearly $1B In Q3 Amid 'Once-In-40-Years Market Transition' - Inman](https://www.inman.com/2022/11/03/opendoor-lost-nearly-1b-in-q3-in-once-in-40-years-market-transition/#:~:text=Technology%20Opendoor%20lost%20nearly%20%241B%20in%20Q3%20in,just%20%2457M%20during%20the%20third%20quarter%20of%202021) +https://www.cnbc.com/2020/09/22/biden-calls-for-401k-tax-break-overhaul-what-it-means-for-you.html + +tl;dr Biden is proposing that 401k contributions get a credit based on a flat 26% tax rate. Assuming you're in the 37% marginal tax rate and contribute $19,500, this means you'll pay $2,145 more in federal taxes. + +I'm hazy on whether or not this would mean more people would end up with a higher AGI (and thus a higher marginal tax bracket in general) or not. Details matter. + +The upside is that the majority of taxpayers would see a benefit on their taxes, thus boosting both the stock market and the overall economy. +Basically what the title says. Yesterday Musk tweeted that ‘passive investing has gone too far’. I’m still learning a lot, and there are a lot of smart minds on this sub, curious what the general consensus is on Musk’s tweet? +Lately, I have been thinking about taking personal health insurance instead of relying on my company’s health insurance. So I started doing some research on my own and found some very useful posts on this subreddit and twitter (Links of posts at the end). Now after looking at details of policies I got really confused as almost all the insurance companies offer similar policies and it got difficult to shortlist/reject. Therefore I decided to make a google spreadsheet to compare all of them together for a clear understanding. + +Rightnow, I am looking for a 5L base and 20L super top-up for myself but in future I would like to increase the base cover to 10L and super top-up to 50L. + +Here are my filters for a good policy: + +* No Co-pay +* No room rent limit (Single Private AC room is also fine) +* No Sublimits +* Reset Benefit +* Claims Paid >85% +* Good hospital network around my area + +So, I have looked into 5L,10L base cover and 20/25L Super top-up policies from companies like ICICI Lombard, Max Bupa, Star Health, HDFC Ergo, Manipal Cigna, Religare, New India and Royal Sundaram. + +[Link to the spreadsheet](https://docs.google.com/spreadsheets/d/1KqjRiXiYTBfH-_3fFQ00rwdsmar7i5nJerkEr8As2BM) (Zoom out to get a better view) + +All the premiums in the google sheet are for 25 yrs of age. + +Things covered in google sheet: + +* Features of the policy like Room rent, Co-pay, sublimit, waiting period, etc. +* Statistics of the insurance company like Incurred claim ratio, Claims approved ratio, complaints filed, etc + +&#x200B; + +While all the insurance policies are very similar to each other since they cover basic things like No co-pay, no room rent limit, domiciliary hospitalisation, donor expense, etc there are still few differences between them. + +**ICICI Lombard Complete Health + Health Booster Insurance:** + +* 5L base cover policy has sublimit for common surgeries, No sublimits for 7L and above +* Policies which have OPD+Hospital cash as optional are really expensive, without these the price is fine. +* Pre & Post Hospitalization is valid for only 30 & 60 days, while competitors offer 60 & 90 days +* Their Claims Paid ratio for FY 2019-20 is 88%., which is just average. +* Super top-up policy is really good, I didn't find any problems with it. + +**Max Bupa ReAssure Health + Health Recharge Insurance:** + +* Really solid base as well as super top-up policy and it is cheaper than competitors too, which seems weird. +* Now if you look at their numbers, you find that their Incurred Claim Ratio is only 53% i.e. very low. This means that either premium is very costly or their claims paid ratio is not good. But actually their premiums are cheap and claims paid are 91%(Really Good). And this doesn't make sense. +* So, when I dug a little deeper, I found out that their *claim complaints per 10,000 claims* is 40-50, which is really high. So here, my best guess is that they approve the claim partially to get that counted as claim paid. + +**Star Health Comprehensive + Super Surplus Insurance:** + +* Good base as well as super top-up policy overall, they cover OPD and dental too. But slightly costly. +* Sublimit on some rare surgeries in base cover, which is not really a problem. +* Rooms are capped at Single Private AC room +* Their Claims Paid ratio for FY 2019-20 is 81%, very low IMO. +* They also have very high *claim complaints per 10,000 claims* + +**HDFC Ergo Optima Restore + Medisure Super Top-up Insurance:** + +* Excellent base policy, but slightly costly. +* Super top-up policy max cover is only 20L, whereas their competitors offer upto 100L +* Their Claims Paid ratio for FY 2019-20 is 97%. +* Very good hospital network. + +**Manipal Cigna ProHealth + Super top-up insurance:** + +* Good base policy, has all the necessary features and is cheap as well. +* Super top-up policy max cover is only 30L +* Their Incurred Claim Ratio is only 61% which is low. +* They also have slightly high *claim complaints per 10,000 claims* + +**Religare Care Health + Enhance Insurance:** + +* Good base policy and it is cheap too. +* Super top-up policy max cover is only 30L +* Their Claims Paid ratio for FY 2019-20 is 94%. +* Their Incurred Claim Ratio is only 59% + +**New India Premier Mediclaim + Top-up insurance:** + +* Their 5L base cover policy has room rent cap of 1% +* The 15L base cover policy has all the necessary features, but it is very costly. +* They don't have a super top-up policy, and their top-up policy has max cover of only 22L +* Poor hospital network + +**Royal Sundaram Lifeline Supreme Insurance:** + +* Excellent base policy, and cheapest amongst all of them. +* Their Claims Paid ratio for FY 2019-20 is 95%. +* Couldn't find their super top-up policy online. + +**Go Digit Health + Super top-up Insurance:** + +* Good base policy and it is cheap too. +* Super top-up policy max cover is only 20L, its costly too. +* Their Claims Paid ratio for FY 2019-20 is 83%, Incurred Claim Ratio is only 51% +* 4 yrs waiting period for existing diseases. + +&#x200B; + +After doing all this research, I have shortlisted ICICI Lombard and HDFC Ergo. + +Personally I want to go with HDFC Ergo because of their excellent claims paid ratio even though their premium is slightly higher. But the only issue I have with HDFC Ergo is that their super top-up policy provides max cover of only 20L which is maybe fine for now but won't be sufficient 10 yrs later. + +Now before I make final decisions, I would love to hear about other people’s experiences regarding the claim settlement process of ICICI Lombard and HDFC Ergo. + +&#x200B; + +**Helpful Links:** + +[Twitter Link](https://twitter.com/wiredmau5/status/1313718353370857477)(Really helpful),[ Reddit link 1](https://www.reddit.com/r/IndiaInvestments/comments/g7uc0l/finally_on_a_health_policy_hunt_steps_included/),[ Reddit Link 2](https://www.reddit.com/r/IndiaInvestments/comments/2h3r0a/how_to_buy_a_health_insurance_policy_steps_and/ckp7ie2/?utm_medium=android_app&utm_source=share&context=3) + +PS: Details of the policy features in spreadsheet are taken from policy wordings and the company's website. Do DM me if there is any error in the data present in the spreadsheet. + +&#x200B; + +Edit: Added Go digit Health + Super top-up policy details in the sheet +Welcome to the Daily Discussion [Serious] 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. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or support issues. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://np.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, memes, lambos, etc. will **not** be tolerated under any circumstances. Low-effort content **should be reported** and redirected to the Daily Moontalk thread. To visit this thread, [follow this link](https://www.reddit.com/r/ethtrader/search?q=Daily+Discussion+%5BMoontalk%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. + +*** + +Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +* **This thread will no longer be stickied so please remember to upvote it for visibility.** + +*** + +Thank you in advance for your participation. Enjoy! + + So how come I need to do MFA to log into my HVB account, but then when I'm sending a message to the bank from within the multi factor authenticated session, the only answer I receive (usually significant time later) is that "we are sorry, but we were not able to authenticate you, therefore please call our hotline or send a snail-mail." + +This is freaking ridiculous... What's wrong with modern technology in Germany? Or should I just change banks? +Hey you all, so I myself am somewhat new to the concept of trading (just 3years) and was wondering what are the things that new/noob traders need the most? easier to understand indicators? simple BUY or SELL signals? what are those things you think? thanks +I'm 27F and am a stripper and also work a part time job helping special needs kids. I love my job helping the kids. I'm sick of being a stripper and want to have financial freedom without having to dance anymore. + +My problem is that I struggle with mental and physical issues which makes holding down a job hard. Working with kids and being a dancer have been some of the few jobs that I can actually hold down. + +Working with kids has been great for my mental health but I don't get enough hours and so I work part time as a dancer to help cover my bills (which are $4000 in total a month). + +What should I do? + +Dancing allows me the freedom to keep my amazing job work with kids but dancing kills my spirit. It's a nightmare. Countless times I've been assaulted and I needed out. + +Any advice would be appreciated. +I am 25 years old and just started earning 18 lpa in hand. My location will be gurgaon and I think I will be able to live in 50,000 rs per month. That leaves me with 1 lakh rs to spare every month. I already have a sip of 28000 per month. I don’t want to do debt investment as I am already investing 2 LPA in epf (deducted from my ctc of 22.5 lpa). Should I stick to mutual funds or try direct stocks ? + + +Edit: I am a Software Engineer from a Tier 2 college, many people are asking. +43.4 % of Americans believe they have some chance of owning a home. The other 56 percent believe the American dream is dead to them. That is the first time in the history of the survey that the reading is below 50%. + +As more Americans are forced into renting, rents go up. Most housing that is being built is multi family rentals owned by large corporations that are borrowing from the Fed at very low interest rates. They're not even building condos and town homes for people to get their first step up on the housing ladder anymore. + +[https://thehill.com/changing-america/resilience/smart-cities/3273343-more-americans-losing-confidence-they-will-ever-own-a-home/?msclkid=fb5d992ac03c11ecb4a31f84259ea46e](https://thehill.com/changing-america/resilience/smart-cities/3273343-more-americans-losing-confidence-they-will-ever-own-a-home/?msclkid=fb5d992ac03c11ecb4a31f84259ea46e) +Today I’d like to share a useful thing I once learned from Warren and Charlie while listening to the Berkshire Hathaway annual meetings. This is intended for anyone new to value investing. + +Here’s what Warren Buffett thinks are the 3 most important concepts in investing that will put you ahead of 99% of the competition on their own (restated in my own words): + +1. **Think of stocks as pieces of ownership in the underlying businesses, not as little pieces of paper that move up and down a chart.** Study quantitative and qualitative economic characteristics of the business (fundamentals) and decide whether the business has strong competitive advantages before investing. A useful framework to apply this is to imagine that you were purchasing the entire business (all shares outstanding instead of just a few). +2. **The stock market and its price quotes are there to serve you, not to instruct you.** If you can avoid knee-jerk reactions to changes in price, that’s a huge advantage. Instead, view price in relation to intrinsic value of the underlying business and make rational decisions based on that relationship. Following this framework, you’ll find that the most common course of action is to do nothing and wait while most market participants are engaged in a trading frenzy. +3. **Margin of safety.** This means that you only purchase securities that are trading at a significant discount to intrinsic value. For example, if you think a business is worth $10 per share and you want a 50% Margin of safety, you would only purchase the stock if the price dropped to $5 per share, assuming the underlying business is worth as much as before by your estimation. In my experience, some businesses require larger Margins of safety than others. Large, established brands with huge economic moats and competent management may only require a 20% Margin of safety. + +*^(Disclaimer: This post and any of my comment replies are for entertainment and educational purposes only. This is not investment advice and I am not your investment advisor nor am I a registered fiduciary. Please hire a professional investment advisor if you're looking for advice specific to your situation.)* +i'm \[26/f\] not much of a reddit user. a few months ago i made an account and laid out my financial struggles in this group, and it got a lot of feedback. i ended up deleting that account (which i regret cause now i can't refer to it anymore) but i thought it'd tell you all how i'm doing a few months later. + +i was the reddit user with the $14.50/hr job. i laid out my bills per month as followed: $89/internet, $378/car payment, $100/credit cards, $100 student loans, $10 spotify, $125/phone bill, $146/car insurance, $100/gas. i had no savings, no retirement/ira set up. + +i was $3500 in credit card debt from 2 credit lines and making minimum payments with a 25% interest rate. after a lot of feedback from you all, that was the first thing i changed. in december, i opened a new credit line and transferred the balance over with a 3% fee. my two credit lines were finally paid off. with my new credit line, i had 15 months of 0% interest. i actually racked up the new credit line to a little over $4000 since it was christmas. in january and february i threw $500 per month towards the balance. in march i threw $150. this past friday (with the help of my stimulus check) i paid $2250 more off. now i only have about $600 to pay off before i can say i'm credit card debt free. my credit score has jumped from 683 to 733. i know that once my friday payment is factored in, my score will go up even more. + +in december, i also reached out to my internet provider (att) to lower my bill. i'd been with them for years and paying $89 for internet 45. i found out they were charging new customers $50 for internet 75...which was cheaper and faster than what i had. after a few calls and threatening to leave for another provider, i was able to get the same deal. now my bill is only $50 a month until december of this year, then it'll go up to $60. but that's still better than what i was paying before. the $39 in savings has helped a lot. i know to some people it's not much, but to me it's made a big difference. :) + +i also switched car insurance companies in february. i live in michigan where the insurance costs an arm and leg. my 6 month premium with AAA was $880, so about $146 a month. i switched to progressive (which i customized to be a more premium plan actually). i used my tax return to pay off my 6 month premium of $647. because of covid-19, progessive recently emailed and said they were going to refund me 20% of my premium. i don't have to worry about insurance payments until september. + +i got a 50 cent raise a work. i opened up a roth ira and put $20 per check in towards it. i get paid weekly. + +my car (2013 rav4) payments are still $378 a month and i'm ok with it. my gas expense has been low recently since gas here is like $1.40 per gallon at the moment. i still pay $100 towards my student loans an i still have spotify. my phone bill is still $120. like before, i split the cost with my sister. we are on a family plan with my parents. i live with my parents rent free and this is not something i mind doing. + +i've been able to actually put money in my savings, which has been nice. just want to tell you all a sincere thank you for helping me. it has been a liberating experience for me and i am extremely proud of myself. +Anyone else noticing massive turnover in personnel at work recently? + +I had heard people talking about "the great resignation" and honestly didn't see it happening at the start of the year, but all of a sudden in the last few months we have had a massive wave of resignations. + +I work in an engineering company and we must have almost a quarter of our roles open at the moment, to the point where management is getting very nervous about losing key personnel and talking about hiring in contractors to tide us over. + +I figure there has been a build up of people who would have otherwise left in the last two years but have hung around to play it safe during the pandemic. + +Is this happening elsewhere or is it just my company? +NOTE: I am 100% a beginner in economics! (Also, I am not american so my english might be a bit faulty 😬) Feel free to correct me if I said anything wrong! Im just here to learn :D thank you! + +So earlier today I read two articles, one from Brookings and another from AEI, about how real wages may or may not be stagnating depending on whether you use the CPI (which would tend to show stagnation) or the PCE (which tends to show substantil real wage growth over the last 3 decades). + +Now when I first read about that, my mind was blown. To me, that seems like a HUGE difference, and that difference results from two different but widely used inflation metrics. + +Should this be a cause for concern? Like doesn't this call into question a lot of the economic data we rely on? Like for example, isn’t real gdp growth measured by nominal gdp growth minus inflation? So if we used the less accurate inflation metric of the two, what if it leads people to slightly understate real gdp growth? And if that compounds for years and years on end, wouldnt that lead to a very widely skewed picture of how big our economy is in real terms? +I own a business. Its a few ecommerce stores selling niche hunting gear. Ghillie suits, camo netting, firearm attachments being three examples. + +Its me and two employees. They do all the physical work. I sit at home and click a mouse and type on a keyboard for about 2 hours per day. + +Last year I made $250k. +The year before I made $170k. +Before that, $60k +This year so far my personal take home has crossed $350k and its not even july. I should cross $600k this year and I have an entire new store in the pipeline that should keep things moving up even further. + +I'm obviously very happy about this, but my workload from 170k -> now has not changed. I dont do anymore work now than I did at that level. This new store is the only expanding I've done in 2 years. All the growth is just from google rankings and advertising bringing in more and more customers every year. + +I cant shake the feeling that I dont deserve it. I still live the lifestyle that I had when I worked a $16/hr job because I seriously do not feel like this is correct. It feels like the universe made some kind of an error here. I cant get rid of this guilty feeling when I look at my profit at the end of the day. + +I've typed up this post twice and deleted it because its literally the dumbest thing on the earth to complain about. Just want to see if anyone else has been here. Not even going to include my age or any of that info and I really dont want to go into that stuff. +Without getting too deep into details, I received a raise earlier this year (summer) and was told on top of that raise, my boss would be giving me a bonus this year (no clear amount, est. $3-5k based on prev. bonuses) and would “work to get me a bonus each year going forward”. + +Fast forward to present, and I just learned my boss is offering me *another* raise this week, making it clear he wants to “make sure I am happy” in addition to the big year we have had thus far. However, I have not yet received any of the previously discussed bonus, nor was it brought up in this initial raise discussion. This is where I am a bit uneasy. + +We are planning to meet formally tomorrow to discuss the raise, etc, so I don’t know what all is encompassed yet. But assuming I am offered another raise (in lieu of a bonus), what can/should I mention in regards to the previously promised bonus? + +Yes, a raise is great, but a bonus would come in tremendously helpful given my current financial climate and the fact I am currently working on a start up of my own. Don’t want to cross any lines. Any inout is appreciated!🙏🏼 +Title says it all. I always do my own research, but have done well by previously being pointed in the right direction. High risk coin suggestions are welcome - additional information on why would be a bonus for me. + +Edit: Wow - thanks for all the input this far. I have a lot of suggestions to go research. For clarity, I already have a relatively diverse portfolio. This 1k is for sinking into an up and comer. + +2nd Edit: Since this exploded, I feel it is necessary to let you know where the money went. I put it into TRX at .074. Good speed and best of luck to everyone. +CNBC just used 30 minutes of time that was scheduled to be part of a normal hour of Shark Tank, something I sit down to watch in my hotel room every day when I get back from work, so I personally know this schedule well. + +Every day at 5 PM Pacific the news on CNBC ends and Shark Tank begins. This Monday was no different, except the stock market saw the NASDAQ take a 4%+ drop and DOW take a 3%+ drop only to recover, and like another post on this sub pointed out, that’s the most significant drop and recovery in a trading day since October of 2008. Eesh. + +So why does Shark Tank matter? Shark Tank is a ratings monster. There’s a reason it is first up in prime time every single day on CNBC. There’s a reason I watch it every day other than just wishing I could make a bunch of fucking money for some other reason besides just all the money I plan to make on GME (so I could then throw it all into GME and make more). But besides all that, it would take a lot for CNBC to just skip over 30 minutes of Shark Tank. They wouldn’t give up all those eyes for nothing, unless they wanted them on something. And guess what they had on. + +They had fucking Cramer. And he was shitting on retail traders like normal, but he was also desperately sending a message. And that message was that we are not in a recession and everything is okay. He tried to say that now is the time to buy. That buying in this uncertain time is the antidote. They gave Cramer 30 whole minutes of Shark Tank time so he could plead with the working man to keep buying, keep bag holding as we veer off of the cliff, because we are veering hard. He knows it, CNBC knows it, they mentioned it on the show. + +They literally said, you can taste it. Regular people can taste it. Wild statistics like the dip and recovery today being the biggest since October 2008 are piling up, we are seeing the writing on the wall clearer and clearer and the dumbest of smooth smooth non-apes who invest in mutual funds are starting to hear little birds telling them something is off. And they’re starting to question their masters, and CNBC has to take the time to inject an extra fat dose of *it-will-be-okay* to keep grandma and mom and dad buying stock while the market makers and rich investors cash out and jump ship. + + + +TLDR; Shark Tank being interrupted by Cramer telling folks to bag hold harder is the canary in the MSM coal mine. + + + +Edit: + +Per someone’s suggestion here I’ve changed flair to *Possible DD* from *Speculation/Opinion* - mods disagree, changed back. *needs more data* + +Also there have been multiple comments with users corroborating my story about CNBC interrupting Shark Tank. + +No one has yet found the full video. +I’m new to the stock market, and I see everyone talking about VTI as the ETF that makes your money work and worth every penny invested. Sometimes, it sounds to me as: “It doesn’t matter how high the current price is, it will only go up, never down, you won’t buy at its peak!”. + +This makes me wonder when a downtrend starts? It can’t be possible for fund to get positive appreciation almost every year and forever. There must a risk there, there’s no such think as “no risk, high rewards”. + +Otherwise, we all could put our emergency funds in ETF like it and be safe to cash out when we need it. + +Can someone explain to me as if I’m a 5 year old child? 😁 +My wife, I lover her to death, but when I talk to her about stocks, options, and investing, it's like I gave her a shot of Jack Daniels and an Ambien. It puts her right to sleep. It's like I'm speaking a foreign language. She's not a stupid person, far from it. I won't even talk to her about Theta strategies. It might put her into a coma. Do any of you have a similar experience with your spouses or significant others ? By the way, thank you to all of you people for unselfishly sharing your ideas and experiences. I have learned a lot. I appreciate it. +The discourse in the daily is a bit ridiculous TBH, newbies are constantly entering the market while things are green and it is scary AF to see all your value plummet the first few times. + +It doesn't help anyone to scold newbies asking about the bear market and I'm constantly seeing shit like "well if you need your money back soon you shouldn't be investing in crypto". Even if that's true, there are plenty of nicer ways to say it and we don't need to be driving away newbies who will ultimately help grow the market. We are all in this together, that is the whole point of decentralized finance. +Had a breakout year in our business last year. This is the most exciting and depressing milestone I feel like celebrating and crying all at the same time lol... + +Does everyone pay extreme amounts like this and just not talk about it? Or am I doing something wrong here lol +So I wrote an intermediate microeconomics exam in university back in like, 2009. One of the questions on the exam was so absurd that I am about 25% sure it was actually a fever dream. + +The gist was as follows: + +You are sitting at a bar. You start chatting with the girl next to you, and really hit it off. Then suddenly, she has to leave. You were not able to get her name or number before she left. You want to see this person again. Using microeconomic theory, discuss how you can make this happen. + + + +I remember writing this huge paragraph about "you need to go back to the same bar tomorrow at the same time" + +But goddammit reddit, it is 11 years later, I have a degree in economics, and I still don't know how I could have used economic theory to answer this. +This is my DD on Mission Ready Solutions. information you can find yourself with abit of digging so do what you will with it. + +MRS.V is currently trading @ .87 after a rise of %14.47 today (Friday) + +52 week high of .90 today. + +Unifire a subsidiary of MRS has contracts for PPE to protect front line workers against covid19. + + +About: + +Mission Ready Solutions Inc., through its subsidiaries, provides personal protective solutions to the global defense, security, and first-responder markets in Canada and the United States. It operates in two segments, Consulting and Manufacturer Representation; and Inspection, Cleaning, and Repair Services. It offers protective services gears, tactical outerwear, canine armor, bomb suits/blankets, riot control protection, carriers, and textiles with integrated electronics and ballistic panels. The company also distributes, fire, military, emergency, and law enforcement products. It serves the Department of Defense, State Department, General Services Administration, Department of Homeland Security, law enforcement agencies, fire and rescue, tactical distributors/dealers, private security, and GSA support companies. The company was formerly known as Mission Ready Services Inc. and changed its name to Mission Ready Solutions Inc. in June 2018. Mission Ready Solutions Inc. is headquartered in Vancouver, Canada + + Trading Info: + +Day's Range $**0.7700 - 0.9000** + +52 Week Range $**0.0350 - 0.9000** + +Volume **1,971,722** (friday) + +Avg. Volume **1,674,769** + +Market Cap 164.713M** + +1y Target Est $4.00**** (yahoo) + + +Share Structure (as of January 22, 2021) + + +Issued & Outstanding +191,749,006 +Warrants +1,150,000 +$0.15 – 1,150,000 +Options 20,175,000 +Fully Diluted 213,074,006 + + +Management: + +Buck Marshall President & CEO** +Terry Nixon Chief Compliance Officer** +Don Shim Chief Financial Officer** + +The Mission: + +Mission Ready serves to prevent injuries and enhance the performance of military personnel, first-responders and all those serving on the front lines by equipping them with the next generation of personal protective equipment. + +Government Contracting: + +Founded in 1987, Mission Ready’s government contracting division, Unifire, Inc. is a designated Small Business that distributes fire, military, emergency, and law enforcement products through established relationships with over 500 vendors representing approximately 1.5 million products. With extensive knowledge and experience in providing solutions to the US Federal Government, Unifire utilizes its highly-efficient, scalable technology infrastructure to provide procurement solutions for program managers, military and federal contracting offices, base supply centers, and other governmental supply agencies. + +Manufacturing: + +PTF Manufacturing is headquartered in Jacksboro, Tennessee, and serves as the Company’s manufacturing headquarters to develop and grow its product lines for introduction to the marketplace. +Offering a full range of products dedicated to the tactical and defense industry, PTFM’s portfolio of products include tactical outerwear, canine armor, bomb suits/blankets, riot control protection, carriers, textiles with integrated electronics and ballistic panels. Prospective Clients/Markets include the Department of Defense, State Department, General Services Administration, Department of Homeland Security, law enforcement agencies, fire & rescue, tactical distributors/dealers, private security, and GSA support companies. + +Innovations: + +PTF Innovations pioneers new and advanced technologies to meet the needs of the global defense, security and personal protection markets. PTF Innovations’ team of subject matter experts create leading, tech-centric solutions within the protective services sphere, and utilize their patented technologies – including Flex9Armor and No-Contact – to redefine the standards of tactical protection and performance. + +-Here is a link to Protect the Force Products: +https://protecttheforce.com/ + +-Here is a link to Unifire the contracting division: +http://www.unifireusa.com/ + +Mission ready solutions has a section on their website for investor resources +link below: +https://mrscorp.com/investor-resources/ + +-Dedicated section for updates and news on the webpage + +I will provide a link to the most recent news of an officer change posted below +-https://mrscorp.com/mission-ready-announces-officer-change + +Financial information from Yahoo Finance + +Breakdown (all numbers in thousands) + TTM 2019 2018 2017 + +Total Revenue 75,914 21,193 3,082 3,479 +Cost of Revenue 69,227 18,773 2,440 3,099 +Gross Profit 6,686 2,420 641.082 379.684 + +Total Operating Expenses 8,632 6,859 5,295 6,194 +Operating Income or Loss -1,946 -4,438 -4,654 -5,814 +Interest Expense 2,360 1,267 184.812 155.921 +Income/Expenses Net -740.876 -1,732 -25.836 -166.736 +Income Before Tax -5,046 -7,438 -4,865 -6,170 + Continuing Operations -5,046 -7,438 -4,865 -6,170 +Net Income -5,046 -7,438 -4,865 -6,170 + available to CS -5,046 -7,438 -4,865 -6,170 +Basic EPS - -0.05 -0.04 -0.07 +Diluted EPS - -0.05 -0.04 -0.07 +Basic Average Shares -160,207 127,781 91,345 +Diluted Average Shares -160,207 127,781 91,345 +EBITDA - -5,703 -4,420 -5,726 + +Negative- Financials are looking up but are still in the red. + + +-Here is a link to Mission Ready Solutions Competition and stock comparisons: + +https://www.marketbeat.com/stocks/CVE/MRS/competitors-and-alternatives/ + +-Here is a link to some Orders Unifire has been filling during covid 19 for PPE. + +https://www.fpds.gov/ezsearch/fpdsportal?s=FPDS.GOV&templateName=1.5.1&indexName=icdindex&q=Unifire + +-Here is a Link to CEO.com message board for MRS.V + +https://ceo.ca/mrs (shit talking of announcements monday of new contracts) + + + +sources- +https://ca.finance.yahoo.com/quote/7MRS.V?p=MRS.V +https://www.marketbeat.com/stocks/CVE/MRS/ +https://mrscorp.com/ + +Thanks Everyone and Goodluck if you decide to invest +🚀🚀 +If you're new to the space, here is a quick 101 on wallets. + +Metamask, Electrum, MEW, Trust, Coinomi, Atomic or whatever other application you call a wallet is not really a wallet. + +They are **wallet applications** that allow you to access and manage your cryptocurrency, NFTs or whatever blockchain asset you have stored in your wallet. + +**Your wallet is your private key or seed phrase.** + +For example: + +* You download Metamask +* It gives you the option to create a seed phrase/private key +* The same seed phrase you can import to other applications like Trust, MEW, Atomic and your ETH will be accessible on both Metamask and those applications. + +So next time you download a new wallet application, you don't have to create a new seed phrase, you can just import the one you already have to manage your existing funds in both applications. + +Just thought I'd share this since I work in crypto and I noticed that a lot of users don't know this. + +EDIT: I felt obliged to add that this is the reason you should never ever share your private keys with anyone. Your keys are your sole access to your assets on the blockchain so keep them secure. + +Happy Friday! +Hey guys, last week I lost $500k on 100s of $40 stirke call for $CCIV, it tanked after hours and ever since the loss I am not the same, I want to hear some stories and feel like I can come back. I only have 20k left please comment if you are okay with me talking to you. + +Thank you for listening. +Since last year I’ve been working on an algo strategy that I started serious effort on in April 2019. At the start of May, after many many many months of back testing, paper trading, and fixing bugs, I put my algo in production with real money. Suffice to say I’m very thrilled with the results! + +There are plenty of articles on how to develop an algo and hone a trading mindset. But I don’t know what to do next. Am I supposed to keep working on the algo so it adapts as the market evolves during these strange times? Should I step back and say “this is as good as it gets, you’re a dummy not a trading wiz”? It’s written in Go—should I try selling the binary (and where would I even do that)? + +Hoping to hear from successful algo traders in what they’ve done with their dumb luck. + +PS because I’m sure it will be asked: my algo looks at the previous ten days of trading activity for large cap stocks, specifically volume, and identifies if the current day’s trading is above that average. I have 100k to play with, so I’m not looking for huge multi percent gains; I can buy more stocks and it doesn’t need to move very high for me to take a percentage gain I like. That’s about all I’ll share. Edit to add: the most complicated math I use is a linear regression of price and time of day, don’t waste time like I did thinking there’s a whole amount of mathematical TA necessary. Just look at how people acted in the recent past and how they are currently acting. +Not many people are going to like this advice, but please be careful with your money as we're currently in a crypto bubble, and think before investing, don't just look at yesterday growth to make your decision. + +Why we're in a bubble, you ask? Because there's a ton of coins at the moment, and the majority have been going up crazily for a few weeks/months (since BTC started growing like crazy months ago). + +It's fair to assume that the vast majority of these coins are either scams, PnD schemes, or won't simply stand the test of time. So why are they all growing 50% a week? Because it's a bubble and even grandmas are starting to invest in this gold rush. You see SuperCoin5000 has gone from $0.01 to $15 in 2 weeks and think it's the next Bitcoin. It's probably not. + +Read up the whitepapers, re-read them until you understand what's going on, read up on all criticism you can find online, read the dedicated subreddits with a lot of salt, think "would I use this coin for some practical purpose?", and then make your decision. You'd probably pick a couple coins, and ignore most of them. + +And, super cliché, don't invest what you're prepared to completely lose. + +I'm not going to give any advice on which coins I think are best. Just use your brain. +Hey all - 4 months start to finish on this deal. We bought it for 70k, closing costs 1.4k, cost of money borrowed was 5.3k, reno was 45k, and sale commissions were 12k. On a sale price of 200k, we made 66.3k. + +This deal still blows my mind away and I can't believe this was possible. Especially that I was able to do it part time while working a full time job with a family at home. + +Hope this inspires some new investors to take the leap and that everyone else is seeing great success out there! +I was recently checking [List\_of\_countries\_by\_minimum\_wage](https://en.wikipedia.org/wiki/List_of_countries_by_minimum_wage) article on Wikipedia. I was expecting to see common high-income countries such as Norway, Germany, US etc. at the top 10 even for PPP, but seeing Argentina and Turkey in the first and second respectively was interesting. I know that c. 40% of the population in Turkey is on minimum wage which is a huge number compared to other nations, so this partly explains why it is one of the highest. I also acknowledge the significant number of undocumented migrants and refugees that Turkey hosts and existence of an informal economy mean that some people earn less than the official wages anyway. I'm guessing both apply to Argentina as well. + +Is this system even sustainable? What lead to this situation? Wouldn't it be better economically to lower it at that point? + +Edit: Since some answers (that was deleted) claim "it is because of the inflation"; the figures are in international dollars, not the local currencies, and it is purchasing power parity, not the nominal values. +Full Credit to u/HeyItsPixeL one of the best DDs I’ve ever read + +GUYS HOLD I CANT STRESS THIS ENOUGH + +(9:51AM): THEY ARE SHORTING $GME VIA 63(!) DIFFERENT ETFS** + +**EDIT2 (10AM): 0 SHORTS AVAILABLE FOR $GME RIGHT NOW. THEY BORROWED OVER 2,100,000 SHARES TO SHORT FOR YESTERDAY AND TODAY**! ([https://fintel.io/ss/us/gme](https://fintel.io/ss/us/gme); [https://iborrowdesk.com/report/GME](https://iborrowdesk.com/report/GME)) + +**IMPORTANT EDIT(5)(10:41AM):** CBOE Volatility Index (VIX) ROSE 10 % AND THE WHOLE MARKET IS TAKING DIPS RIGHT NOW. That's exactly what happened back in January in the first Gamma Squeeze. Good sign! + +&amp;#x200B; + +THE BIGGEST ONES: + +ETF 1: [https://iborrowdesk.com/report/VIOV](https://iborrowdesk.com/report/VIOV) \- 15.000 SHARES SOLD SHORT + +ETF 2: [https://iborrowdesk.com/report/RWJ](https://iborrowdesk.com/report/RWJ) \- 4.500 SHARES SOLD SHORT + +ETF 3: [https://iborrowdesk.com/report/XRT](https://iborrowdesk.com/report/XRT) \- **450.000** SHARES SOLD SHORT + +ETF 4: [https://iborrowdesk.com/report/VIOG](https://iborrowdesk.com/report/VIOG) \- 6.000 SHARES SOLD SHORT + +ETF 5: [https://iborrowdesk.com/report/IJR](https://iborrowdesk.com/report/IJR) \- **350,000** SHARES SOLD SHORT (Thanks to u/ [JoeCitizen1984](https://www.reddit.com/user/JoeCitizen1984) for the find!) + +EDIT6: **XRT GME holdings increased from 3% testerday to 9% today. XRT IS ALMOST 200 % SHORT SOLD ATM** ([https://www.etfchannel.com/symbol/xrt/](https://www.etfchannel.com/symbol/xrt/)) + +EDIT7(12:21AM): CBOE Volatility Index (VIX) ROSE 16 % AND THE WHOLE MARKET IS TAKING DIPS RIGHT NOW. That's exactly what happened back in January in the first Gamma Squeeze. Good sign! + +EDIT8(13:43AM): CBOE Volatility Index (VIX) ROSE 25 %!!!!! Also: TECH Stocks are in deep red again. Propably Hedgefunds sellings other assets to prepare for a huge buy of GME. + +EDIT10(2:45PM): I added up all of the shorts at the opening! 18,363,000 (18 Million, yes!) Shares were sold short at the beginning of the market. The Hedgies are fucked. + +EDIT11(3:30PM): CBOE Volatility Index (VIX) ROSE 40 %! + +&amp;#x200B; + +Here are the ones they are using as well: + +* VTWV +* VCR +* IUSS +* VTWO +* EWSC +* PSCD +* SFYF +* SYLD +* RALS +* FNDB +* VBR +* IJS +* NUSC +* SLYV +* SPSM +* SLY +* FLQS +* IJT +* GSSC +* SLYG +* VXF +* NVQ +* VB +* SAA +* BBSC +* OMFS +* STSB +* SSLY +* SCHA +* PBSM +* UWM +* VTHR +* TILT +* SPDR +* HDG +* AVUS +* DFAU + +&amp;#x200B; + +Also: **They borrowed 1,500,000** $GME Shares **to short yesterday (**[**https://iborrowdesk.com/report/GME**](https://iborrowdesk.com/report/GME)**)**, but there was no huge drop off or sell volume that would indicate, that they already shorted those. That means, they are now using those shorts as well as the ETFs. + +&amp;#x200B; + +TL;DR: Millions of shares being sold short today, trying to get people to panic sell. DATA IS FROM 9:45AM. + +Edit: Holy shit guys thanks for the support make all of WSB see this + +Credit to u/HeyItsPixeL + + **#What's New?** + +It's official $Ping will be listed on [Gate.io](https://gate.io/), the 10th biggest exchange in the world by volume on the 14th of September. +Enhanced 180k marketing budget in collaboration with [Gate.io](https://Gate.io) is starting tomorrow. +[https://twitter.com/SonarToken/status/1437329963443654662](https://twitter.com/SonarToken/status/1437329963443654662) + +6-person strong development team hired for the development of the platform in addition to a new web developer. + +Sonar also started the works on a new press, hiring and blockchain education/academy page. + +More big announcements in the following weeks. + +**#What is Sonar?** + +The Sonar Platform is a multi-chain analytical tool, which presents its users with an interface that tracks social network/influencer trends, vets contract code, price charts, creates price action alerts, executes orders, as well as feature other innovative and unique solutions, including the implementation of artificial intelligence for investments. + +The Sonar Platform intends to serve as a crypto analysis one-stop-shop and provides users with all the necessary tools and information need to make smart investment choices, increase profitable trading and reduce the likelihood of traders falling for rugpulls and honeypots. + +Sonar $PING had a successful TechRate Audit and is listed on CMC, CG and Blockfolio. The Core Team is fully doxed, KYC’d have based the entire business around full transparency. The Q3 roadmap has been completed 2 months ahead of time and Q4 targets are already in development. + +SONAR has just announced the listing on GAte.io that would allow users to purchase their native token $PING with fiat. This will facilitate the purchasing of the native PING token to new and existing users alike and will also open the door to 500K+ existing Indacoin users to the possibility of joining the Sonar family. + +**#Sneak Peek** + +Another collaboration is in the works between Sonar and a Multi Billion Dollar Company. This tech collaboration will ensure Sonar has all the resources for years to come, and will cement Sonar as a leading company in this space - Stay Tuned! + +Some major marketing collaborations are in the work which soon will be announced, be prepared to be mind blown! + +**#What's in progress:** + +🔥 Incorporation in process +📣 More big announcements coming this month +⭐️ Eth-bridge this month +📊 Charting tool in 1 months +🔓 Sonar Wallet in 1.5 months +📰 New press page + ⚒ Hiring page +📚 Blockchain Academy + +**#What's been done:** + +✅ Indacoin partnership (enabling creditcard purchases) +✅ Listing on [Gate.io](https://Gate.io) (tomorrow) +✅ Enhanced marketing strategy initiated +✅ Doxxed Core Team +✅ Real Use Case (Utility Token) +✅ Clear Roadmap and Whitepaper on website +✅ Techrate audit complete +✅ Long term partnership with CryptoMonks, Cryptoken Media, Bart Baker and more coming +✅ Listed on CMC +✅ Listed on CG +✅ Doxxed Founders Team +✅ Real Use Case (Utility alt coin) +✅ Q3 Roadmap complete in 1 month + +**Transaction taxes:** + +💰 6% tax to Liquidity Pool to create a stable price floor +🤑 2% tax to Redistribution +👨‍🔬 1% tax to Sonar Innovation Lab Wallet +👨‍💻 1% tax to Sonar Marketing and Development Wallet + +**Socials:** + +**✉️ Tele**gram: [https://www.t.me/sonar\_official](https://www.t.me/sonar_official) +📷Instagram: [https://www.instagram.com/sonar\_token/](https://www.instagram.com/sonar_token/) +🐦Twitter: [https://twitter.com/SonarToken](https://twitter.com/SonarToken) +⭕️Reddit: [https://www.reddit.com/r/sonarplatform](https://www.reddit.com/r/sonarplatform) +🎮Discord: [https://www.discord.gg/7kuNHxZeCP](https://www.discord.gg/7kuNHxZeCP) +🎥Tiktok: [https://www.vt.tiktok.com/ZSJ9oBTDo/](https://www.vt.tiktok.com/ZSJ9oBTDo/) +📽Youtube: [https://www.youtube.com/channel/UCixkuolcOuQdEnn80E-tyew](https://www.youtube.com/channel/UCixkuolcOuQdEnn80E-tyew) +👫Facebook: [https://www.facebook.com/Sonar-Token-107371881570425](https://www.facebook.com/Sonar-Token-107371881570425) +🌐 Website: [https://www.sonarplatform.io](https://www.sonarplatform.io/) +So, like most everybody else here, we are poor in basically every common meaning of the word. It's ok, we have love and close relationships with our kids so we are generally happy. This past june my daughter save her salary from her part time job for months to buy my wife something really nice for her birthday. My daughter went out and bought my wife an expensive Michael Kors purse and wallet because: "She always sacrificed for us to have what we needed, often going without for herself or giving up things she already had." in my daughters own words. My wife cried when opening the gift and cherishes that purse and what it meant to her from her daughter. + +So, yesterday while grocery shopping the lady behind her spotted the ebt card and the purse it just came out of. She made a big scene and tried to take my wife's purse because "poor people don't deserve expensive purses." This failed spectacularly because my wife will always buckle her purse to the cart to prevent theft. When the buckle was pulled tight the momentum the lady had started made her sprawl out on the floor. So she just sat there shaming my wife before getting up and leaving. Security was slow to respond and did basically nothing because no theft had actually occurred. + +So now, my wife is ashamed to enjoy this gift from her daughter and wants to get rid of it. It would be safe to say I'm more than a little bit pissed that a stranger took away one of the few things my wife has had that was just for her. + +**TLDR:** A stranger misjudged our situation and proceeded to shame and attempt steal my wifes things because "poor people don't deserve nice things." +I've been following the news surrounding Evergrande. Some analyst say that the company going down could have catastrophic outcomes across China and the rest of the world. They've equated to Lehman brothers in 2008 (which I don't understand). + +How is it that the bankruptcy of a single company could have those far reaching effects across an economy as large as China, US or the world? +Been hearing this for a while. Apparently the most seasoned investors don’t beat the market over a long enough period, and it’s considered a great feat to be able to do so. + +So, how true is it? If you look at the average asset management firm running for 20 years, they would’ve been better off just buying S&P 500? Are all the financial analysts who work in the industry for 20+ years wasting their time by picking their favourite stocks in their personal portfolios? + +(Obviously, this is looking at overall return and not taking into account short-term strategies; not trying to make the case that all firm trading activities are worthless) +The current appreciation of house prices is crazy. The announcements of 2% deposits seems like it will just make things worse (more demand, without more supply). It seems like houses are getting further out of reach of the majority of the population. This trend is troubling. + +As an example, I'm almost 30, I'm able to save 11.5K per quarter. I get a salary of 108K( somewhat above the median ). I don't really have anywhere to cut costs, apart from rent which I'm actively trying to reduce. Saving at this rate is very difficult and is not sustainable. + +At current savings rate (unsustainable): + +[Based on random sample suburb from Sydney. This is based around current ludicrous appreciation.](https://preview.redd.it/ga4u21vfym071.png?width=1033&format=png&auto=webp&s=5308606e0d3e0801a528ee5128fb13892b73484a) + +I will cross the threshold needed for a deposit. However, with a more sustainable savings rate the deposit curve simply runs away (roughtly $6520 per quarter savings, from another reddit poster): + +[Based on random sample suburb from Sydney. This is based around current ludicrous appreciation.](https://preview.redd.it/dqi4z07sym071.png?width=1033&format=png&auto=webp&s=b089edadab45031670afaae9b54b88a6067ac103) + +For someone who is paid quite well, this is a disturbing curve. It shows that it is very difficult to get to a 10% deposit (at current rates, and especially for those less fortunate). The governments solution to have people increasingly indebted seems totally heartless. Pushing more and more mortgage stress onto younger and younger generations. With no wage growth I'm not sure how the vast majority of people not yet in the market still has hope in this regard. + +So much of Australia's wealth is tied up in housing. This isn't exactly productive use of our resources. We could be using it to invest in local businesses, start-ups and technology. But instead, we are using it to put rising pressures on a market that is forever clamping the spending power of younger generations. This will lead to generations of people who couldn't afford to start businesses with upfront capital requirements (usually the scalable types). + +In the attempt to save for a home, I am inadvertently priced out of having children. As an engineer, working remotely is difficult to impossible. As engineer, working from home in an apartment is vastly impractical (due to equipment). I am not alone; my friends and family are experiencing them a similar problem. This is just my experiance, most have it tougher. + +Currently, about 32% of households are renting (source 5), in 1994 this figure was 25.7%. + +A fair go for all Australians is a wonderful mantra. However, each generation ownership has dropped significantly (source 6). The trend is concerning. + +[Ownership rate by birth cohort when they were 30 to 34 years old \(source 6\).](https://preview.redd.it/usqow5uc2n071.png?width=640&format=png&auto=webp&s=bef5f74a369710bc5e7da081fe1220786d0147ed) + +Clearly, this is a concerning trend. It is not at all a fair go for all Australians, instead it is a cost for being born more recently. Compounded by decreasing wage growth and it obvious that the younger you are, the more difficult it is to live here. Declining opportunity outside of our established cities is saddening and forcing people into property markets they cannot reasonably afford. + +Edit: I have various things that make saving easier for me. This doesn't make me feel better, it makes things worse. I know my situation, this is hard. I know I'm fortunate, which means others have it harder. The trend indicates future generations will have a tougher time still. + +Edit: Removed the 12% lines from the graphs, it was unnessary and distracting. + +Edit: Change opening sentance as people comment before finishing reading. + +Edit: Replaced list with graph. + +Sources: + +1: [https://www.payscale.com/research/AU/Job=Electronics\_Engineer/Salary](https://www.payscale.com/research/AU/Job=Electronics_Engineer/Salary) + +2: [https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/wage-price-index-australia/latest-release](https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/wage-price-index-australia/latest-release) + +3: [https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/consumer-price-index-australia/latest-release](https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/consumer-price-index-australia/latest-release) + +4: [https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/residential-property-price-indexes-eight-capital-cities/latest-release](https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/residential-property-price-indexes-eight-capital-cities/latest-release) + +5: [https://www.abs.gov.au/statistics/people/housing/housing-occupancy-and-costs/2017-18](https://www.abs.gov.au/statistics/people/housing/housing-occupancy-and-costs/2017-18) + +6: [https://www.aihw.gov.au/reports/australias-welfare/home-ownership-and-housing-tenure](https://www.aihw.gov.au/reports/australias-welfare/home-ownership-and-housing-tenure) +I originally posted this on /r/FATTravel, but here seems to be busier. + +Recently I've been hearing a lot from people getting various perks by booking via travel agents. Is it really worth it? How can adding an unnecessary middleman really be better than booking directly with the property? + +Which agencies do /r/fatFIRE users recommend? How has your experience been? +EDIT: *flew + +I live in San Jose, CA and I applied for a job in Denver, CO for a senior level position. They seemed excited about my background and after a call with the recruiter and hiring manager they wanted to fly me out ASAP for a panel interview at their office. They dropped close to $2k on my last minute flights, hotel and generous per diem. They even flew me business class. + +After the Friday interview (which I thought went really well), they said they would get back to me mid to late week the following week. I sent them an email that evening thanking them for their time and that I looked forward to hearing back from them. By end of day the **next** Friday I did not get a response. That Monday I sent an email to the recruiter to follow up and see where they were in the decision process and if they needed any additional information from me. No response. It will be **2 weeks** of radio silence tomorrow. Has this ever happened to anyone? Is this normal? Is this a major red flag if they do eventually get in touch with me and offer me the job? I just find it strange how eager they were to fly me out, contacting me everyday for week to arrange calls and trip details, seemingly nailing the interview and then nothing for 2 weeks despite me reaching out to follow up. + +EDIT 2: I’m not offended/mad/butthurt. Just never experienced this before in my years of going through hiring processes so I’m asking for other people’s experiences. My current job is with a large tech company and it took almost 2 months for my offer but my recruiter was responsive and set expectations. Please don’t be mad at me, guys. I didn’t mean to upset you. +Before corona, when I would argue with libertarian types they often say that America hasn't seen real growth, pretty much since we switched from the gold standard, and that our economy is built on a bubble or a series of bubbles. + +I'm curious if you guys have any insight. I'm not really an "Austrian school of thought" guy but there was a post that claimed we are in an inflationary bubble, as well as a housing, and tech bubble that stem from the inflationary bubble. Does "inflationary bubble" even make sense? + +I know that abandoning the gold standard has lead to less volatility and greater resistance to the business cycle, and in my eyes more growth. But how do I convey this to these types of people? They see increased debts and spending, as well as the fed being inmefective at combating inflation because of their low nominal interest rates. I don't know if these people think that prices should be like they were in the 40s so therefore the fed has failed. But some inflation is necessary for growth is my assumption. + +Thanks in advance +The Government and Politics teacher of the high school I went to was a hard core right winger. And during one of his discussions/rants about socialist ideology he basically said that we need people to fill the roles of, "poor," and, "rich," to maintain a balanced economy and to to prevent inflation. + +Is there validity to that belief? +Some stock movements from today's trading: + +**Nio:** up 13.1% +**Tesla**: up 6.6% +**XPeng** up 34% +**Nikola**: up 11.5% +**Li Auto**: up 14.5% +**Workhorse Group**: up 12% +**AYRO Inc**: up 31% +**Kandi Technologies**: up 23.8% + +and the craziest of them all..... + +**Blink Charging**: up 48.3% (it was 52% for a moment before a small pullback). + +Bottom line - it it's an EV stock, it's going to the moon regardless of fundamentals. +We've been getting a lot of submissions on the debate about how much Bernie Sanders' plans would cost, and we thought we'd try consolidating into one megapost to centralize discussion and avoid displacing other economics content. Thanks to /u/geerussell for putting together this list. + +--- + +# Original Analysis and Responses + +* Gerald Friedman's analysis of Sanders plan: [What would Sanders do? Estimating the economic impact of Sanders programs](http://www.dollarsandsense.org/What-would-Sanders-do-013016.pdf) + +* CEA letter in response: [An Open Letter from Past CEA Chairs to Senator Sanders and Professor Gerald Friedman](https://lettertosanders.wordpress.com/2016/02/17/open-letter-to-senator-sanders-and-professor-gerald-friedman-from-past-cea-chairs/) + +* [NYTimes roundup of economists against Gerald Friedman's analysis](http://www.nytimes.com/2016/02/16/us/politics/left-leaning-economists-question-cost-of-bernie-sanderss-plans.html) + +--- + +# The high-growth debate, against: + +* Krugman: Follow-on to CEA letter [Worried wonks](http://krugman.blogs.nytimes.com/2016/02/17/worried-wonks/); [What has the wonks worried](http://krugman.blogs.nytimes.com/2016/02/17/what-has-the-wonks-worried/); [Wonkery has a well known liberal bias](http://krugman.blogs.nytimes.com/2016/02/18/wonkery-has-a-well-known-liberal-bias/); [Plausibility chart](http://krugman.blogs.nytimes.com/2016/02/19/plausibility/) + +* Delong: [We Need to Hold the Line on Analytical Standards Here: Bernie Sanders Blogging](http://www.bradford-delong.com/2016/02/we-need-to-hold-the-line-on-analytical-standards-here-bernie-sanders-blogging.html) + +* Bernstein: [I endorse...](http://jaredbernsteinblog.com/i-endorse/) + +* Thorpe: [Alternate analysis to Gerald Friedman](http://www.scribd.com/doc/296831690/Kenneth-Thorpe-s-analysis-of-Bernie-Sanders-s-single-payer-proposal#scribd) + +* FEE: [why Bernie must raise middle class taxes] (http://fee.org/articles/why-bernie-sanders-has-to-raise-taxes-on-the-middle-class/) + +## Roundups: + +* [NPR Roundup](http://www.npr.org/2016/02/17/467087858/top-wonks-take-aim-at-sanders-economic-plans) +* [WSJ against](http://www.wsj.com/articles/democratic-economists-say-bernie-sanders-math-doesnt-add-up-1455726507?mod=e2fb) +* [Mother Jones against](http://www.motherjones.com/kevin-drum/2016/02/sanders-campaign-has-crossed-neverland) + +--- + +# The high-growth debate, in favor: + +* Mason: [Can Sanders do it?](http://jwmason.org/slackwire/can-sanders-do-it/); [Plausibility chart](http://jwmason.org/slackwire/plausibility/) + +* Konzcal: [In Praise of the Wonk: Dissecting the CEA Letter and Sanders’s Other Proposals](http://rooseveltinstitute.org/praise-wonk-and-wonk-analysis-cea-and-sanderss-proposal/) + +* Kocherlakota: [Faster Growth IS Possible - And It May Well Be Desirable](https://sites.google.com/site/kocherlakota009/home/policy/thoughts-on-policy/2-18-16); [How Cheap Labor and Capital Suggest that Faster Growth is a Great Deal](https://sites.google.com/site/kocherlakota009/home/policy/thoughts-on-policy/2-19-16); [Growth Begets Growth: Reflections on Total Factor Productivity](https://sites.google.com/site/kocherlakota009/home/policy/thoughts-on-policy/2-21-16); [Thoughts on a Pro-Growth Policy Mix +](https://sites.google.com/site/kocherlakota009/home/policy/thoughts-on-policy/2-23-16) + + + +* Klein: [“Extreme” doesn’t mean what it used to, Sanders vs the CEA](http://ftalphaville.ft.com/2016/02/17/2153540/extreme-doesnt-mean-what-it-used-to-sanders-vs-the-cea/) + +* Galbraith: [Open letter response to CEA](http://big.assets.huffingtonpost.com/ResponsetoCEA.pdf) + +* Gerald Friedman [responds to Krugman](http://www.nakedcapitalism.com/wp-content/uploads/2016/02/Response-to-Krugman.pdf) + +* CEPR: [NYT Invents Left-Leaning Economists to Attack Bernie Sanders](http://cepr.net/blogs/beat-the-press/nyt-invents-left-leaning-economists-to-attack-bernie-sanders) + +* Himmelstein and Woolhandler: [Against Thorpe's analysis](http://www.huffingtonpost.com/david-himmelstein/kenneth-thorpe-bernie-sanders-single-payer_b_9113192.html) + +* Mark Thoma: [Here’s Why Bernie Sanders’ 5% Growth Plan Isn’t Crazy After All](http://www.thefiscaltimes.com/Columns/2016/02/23/Here-s-Why-Bernie-Sanders-5-Growth-Plan-Isn-t-Crazy-After-All) + +## Roundups + +* [FAIR on the "unicorn hunt"](http://fair.org/home/nyt-rounds-up-left-leaning-economists-for-a-unicorn-hunt/) +* [The Week on the response to Bernie's plan](http://theweek.com/articles/606698/why-are-bigshot-liberal-economists-hippiepunching-bernie-sanders) +* [IBTimes on the response to Bernie's plan](http://www.ibtimes.com/political-capital/bernie-sanders-economic-plans-questioned-critics-ties-wall-street-hillary-clinton) +* [New Republic against the criticisms](https://newrepublic.com/article/130157/pious-attacks-bernie-sanderss-fuzzy-economics) +* [Dollars and Sense roundup](http://dollarsandsense.org/blog/2016/02/links-on-the-kerfuffle-about-friedmans-sanders-analysis.html) +* [Mother Jones in support of Gerald Friedman's Analysis](http://www.motherjones.com/kevin-drum/2016/02/second-thought-maybe-bernie-sanders-growth-claims-arent-crazy-i-thought) + +--- + +If you have anything you'd like added, feel free to post in comments or [PM me](https://www.reddit.com/message/compose?to=jambarama) and I'll get it up in the body here. +So far I’m down 20% on my portfolio and I’m pretty sad about it. I’m new to investing and know I’m in for the long haul, just hurts to see everything go away so quickly. Any tips for combatting this? I was thinking dumping a couple hundred bucks every paycheck. Any mental tips would be appreciated too. +For minors, it's generally required for a parent to co-sign their bank accounts. Once you turn 18, it's best to establish an account in your name ONLY, so you have sole control of it. It would even be better if you can establish the account at a different bank/credit union than the one the minor account was in, to avoid any inadvertent connections between the previous and new account. + +There are a couple reasons for this. It doesn't take too long to find stories of people who are still using the accounts they had when they were minors who are shocked when their money is suddenly taken away for reasons beyond their control. The parents could have financial problems and either use the money to pay off their debts or the money is seized by the institutions that they owe. There could be disagreements between parents and their kids, so they take the money away as a punishment. Or, it could just be old fashioned greed and the parents decide to just take the money. It doesn't matter who earned the money that's in the account. If two people are on it, the money belongs to both parties and the bank isn't going to stop someone on the account from withdrawing the cash. + +Keep in mind also, having your own account does not mean that your parents can't send you money if you need it. All they need is your account and routing number (the same information that would be on a check) to deposit money into the account. In addition, there are any number of banking apps today they could use to send money to you if you're still being supported by them. Other excuses may have good intentions at heart, but from a safety and security standpoint, it's best to establish an independent banking account. +This is a topic I believe a lot of people are not aware of, and understandably so. It doesn't seem to be discussed very often, it's kind of counter intuitive, and documentation on the topic is confusing. + +[Here is Fidelity's coverage of the topic.] +(https://www.fidelity.com/learning-center/investment-products/options/tax-implications-covered-calls) + +Some relevant excerpts: + +1) +>One major concern for investors who use covered calls is the holding period of the stock, and some covered calls affect the holding period of the stock. + +2) +>A qualified covered call is a covered call with more than 30 days to expiration at the time it is written and a strike price that is not "deep in the money." + +3) +>If a non-qualified covered call is sold against a stock position that was held less than one year, then the holding period for that stock is terminated. + +4) +>If the call is closed first, then a new holding period for the stock begins on the day that the covered call is closed. + + +Okay so what does this all mean? It means that if you sell a covered call that is either 1) ITM, or 2) less than 30 DTE, the period of time you have held your underlying resets from the day you close your CC. ~~Meaning you could potentially hold an underlying for several years, and would forfeit your capital gains benefit if you sell a covered call against it that is 29 DTE.~~ Meaning you could potentially hold an underlying for 11 months, and would have to hold an additional 12 months from when you sell a covered call against it that is 29 DTE to capture the LTCG benefits. + +Note that you can open a CC that is greater than 30 DTE and close it at any time, without affecting the holding period. + +Also note that some brokers will let you choose which block of stocks to sell calls against, so you could potentially separate your underlying in that fashion as well if you chose to. + +Hopefully this helps someone. + +**EDIT: As some have pointed out, I misspoke on one of my points. If you hold the underlying for more than 12 months and it qualifies for LTCG, selling an unqualified covered call will not reset the clock. The unqualified CC will only reset the holding period if you are still within the first 12 months.** +**What is this tool good for** + +I often use the theta gang wheel strategy by selling cash secured puts close to at-the-money and I like to see where I can get some bang for my buck. A quick scan of the list will tell me what IV is looking like for certain stocks and when earnings is coming up and whether or not I want to do a weekly theta YOLO for earnings. You can sort by IV, stock price, or Earnings and filter by ticker. + +Here's some of the top tickers from this weekend. Instead of making a full list of tickers ranked by IV, I'll share some of the more common tickers mentioned. + +# High IV Tickers List + +\*Some of the market cap data is off, so always double check before entering any plays! + +|Ticker|Market Cap|Stock Price|IV (%)| +|:-|:-|:-|:-| +|RIOT - Riot Blockchain...|4.82B|$71.84|264%| +|SNDL - Sundial Growers...|2.37B|$1.52|260%| +|MARA - Marathon Patent...|2.75B|$43.65|244%| +|CCIV - Churchill Capit...|10.9B|$54.79|233%| +|APHA - Aphria Inc|6.42B|$20.11|180%| +|GME - Gamestop Corpor...|2.84B|$40.47|173%| +|TLRY - Tilray Inc - Cl...|3.9B|$29.08|166%| +|NNDM - Nano Dimension ...|138M|$13.75|162%| +|FUBO - fuboTV Inc|2.91B|$42.92|157%| +|SOLO - Electrameccanic...|593M|$7.28|154%| +|AMC - AMC Entertainme...|1.63B|$5.67|148%| +|SRNE - Sorrento Therap...|3.46B|$13.17|148%| +|DGLY - Digital Ally In...|88.2M|$2.38|147%| +|HYLN - Hyliion Holding...|2.77B|$18.02|145%| +|FCEL - Fuelcell Energy...|6.53B|$20.17|143%| +|WKHS - Workhorse Group...|3.96B|$32.93|133%| +|ARCT - Arcturus Therap...|1.64B|$66.33|131%| +|MSTR - Microstrategy I...|8.93B|$964.59|130%| +|SPCE - Virgin Galactic...|12B|$50.96|125%| +|LAZR - Luminar Technol...|7.37B|$33.69|125%| +|BLNK - Blink Charging ...|1.65B|$46.16|124%| +|QS - QuantumScape Co...|12.9B|$62.73|123%| +|SBE - Switchback Ener...|1.14B|$36.25|123%| +|ACB - Aurora Cannabis...|2.41B|$12.20|118%| +|CODX - Co-Diagnostics ...|482M|$17.00|118%| +|CRON - Cronos Group In...|4.42B|$12.22|118%| +|PLTR - Palantir Techno...|42.7B|$28.86|117%| +|OSTK - Overstock.com I...|4.33B|$100.76|117%| +|RIG - Transocean Ltd|2.14B|$3.48|116%| +|NKLA - Nikola Corporat...|8.2B|$21.29|113%| +|JMIA - Jumia Technolog...|4.99B|$55.79|111%| +|APXT - Apex Technology...|509M|$14.22|108%| +|PSTH - Pershing Square...|5.97B|$29.85|102%| +|AI - C3.ai Inc - Cla...|0|$134.82|100%| +|SFIX - Stitch Fix Inc ...|5.01B|$79.20|100%| +|XPEV - XPeng Inc - ADR...|19.8B|$40.81|100%| +|GRWG - GrowGeneration ...|2.13B|$57.23|99%| +|CRSR - Corsair Gaming ...|3.58B|$38.61|98%| +|LMND - Lemonade Inc|8.41B|$148.31|97%| +|HOME - At Home Group I...|1.76B|$27.20|97%| +|PLUG - Plug Power Inc|26.2B|$55.55|96%| +|NIO - NIO Inc - ADR|85.8B|$54.70|95%| +|DASH - DoorDash Inc - ...|0|$208.26|93%| +|GSX - Gsx Techedu Inc...|15.1B|$103.37|93%| +|UPWK - Upwork Inc|6.84B|$55.48|91%| +|RKT - Rocket Companie...|2.34B|$20.30|89%| +|APPS - Digital Turbine...|7.59B|$84.52|89%| +|BB - BlackBerry Ltd|6.15B|$10.84|87%| +|PRPL - Purple Innovati...|2.45B|$40.03|86%| +|CCL - Carnival Corp. ...|27.1B|$24.64|86%| +|CGC - Canopy Growth C...|14.5B|$38.29|85%| +|HUYA - HUYA Inc - ADR|7.11B|$30.33|83%| +|LL - Lumber Liquidat...|817M|$28.25|81%| +|CRSP - CRISPR Therapeu...|11.2B|$149.03|81%| +|M - Macy\`s Inc|4.65B|$14.92|81%| +|NCLH - Norwegian Cruis...|5.77B|$26.90|80%| +|BYND - Beyond Meat Inc...|10.1B|$161.91|79%| +|W - Wayfair Inc - C...|21.3B|$294.56|79%| +|FVRR - Fiverr Internat...|10.3B|$318.12|78%| +|BBBY - Bed, Bath & Bey...|3.21B|$26.30|77%| +|CVNA - Carvana Co. - C...|14.4B|$309.03|76%| +|CNK - Cinemark Holdin...|2.58B|$21.66|76%| +|SAVE - Spirit Airlines...|3.47B|$35.66|75%| +|MRNA - Moderna Inc|69.1B|$174.89|74%| +|X - United States S...|4.7B|$17.93|74%| +|ENPH - Enphase Energy ...|24.5B|$188.77|74%| +|COTY - Coty Inc - Clas...|5.9B|$7.59|74%| +|DKNG - DraftKings Inc ...|23.8B|$60.67|73%| +|PENN - Penn National G...|18.7B|$120.38|72%| +|OXY - Occidental Petr...|23.7B|$25.63|72%| +|CLDR - Cloudera Inc|5.84B|$18.62|72%| +|ABNB - Airbnb Inc - Cl...|121B|$200.70|72%| +|BIDU - Baidu Inc - ADR...|118B|$341.03|72%| +|SNOW - Snowflake Inc -...|82.5B|$288.58|71%| +|ZM - Zoom Video Comm...|119B|$417.28|70%| +|ETSY - Etsy Inc|28.7B|$228.26|70%| +|FSLY - Fastly Inc - Cl...|8.26B|$80.38|69%| +|GPS - Gap, Inc.|9.04B|$24.11|69%| +|AAL - American Airlin...|11.9B|$18.64|69%| +|IQ - iQIYI Inc - ADR...|18B|$24.64|69%| +|FROG - JFrog Ltd|6.16B|$66.47|68%| +|BIG - Big Lots Inc|2.38B|$63.21|67%| +|CHWY - Chewy Inc - Cla...|45.4B|$114.00|67%| +|SHAK - Shake Shack Inc...|4.77B|$124.00|66%| +|DISH - Dish Network Co...|17.7B|$33.92|66%| +|SE - Sea Ltd - ADR|122B|$278.19|65%| +|CZR - Caesars Enterta...|14B|$83.05|63%| +|RCL - Royal Caribbean...|17.7B|$79.05|63%| +|SEDG - Solaredge Techn...|16.5B|$322.56|63%| +|PTON - Peloton Interac...|36.8B|$139.06|62%| +|LB - L Brands Inc|14B|$50.47|61%| +|ZS - Zscaler Inc|30.3B|$224.64|61%| +|FEYE - FireEye Inc|4.75B|$20.75|61%| +|SQ - Square Inc - Cl...|118B|$276.73|61%| +|NET - Cloudflare Inc ...|25.3B|$81.92|61%| +|CRWD - Crowdstrike Hol...|45B|$239.02|61%| +|CREE - Cree, Inc.|13.9B|$125.17|61%| +|UAL - United Airlines...|14B|$48.23|60%| +|U - Unity Software ...|32.9B|$120.70|59%| +|TDOC - Teladoc Health ...|42.4B|$293.49|59%| +|PBR - Petroleo Brasil...|21.1B|$10.12|58%| +|SMAR - Smartsheet Inc ...|10.1B|$82.44|58%| +|DBX - Dropbox Inc - C...|7.41B|$23.65|58%| +|TSLA - Tesla Inc|750B|$778.67|58%| +|PINS - Pinterest Inc -...|53.1B|$86.10|57%| +|ROKU - Roku Inc - Clas...|59.3B|$464.49|57%| +|DOCU - DocuSign Inc|49.4B|$265.07|57%| +|SNAP - Snap Inc - Clas...|97.6B|$65.36|56%| +|TAN - Invesco Capital...|4.62B|$110.64|56%| +|NOK - Nokia Corp - AD...|2.67B|$4.07|56%| +|ESTC - Elastic N.V|14.2B|$161.92|56%| +|TWTR - Twitter Inc|57.7B|$72.37|55%| +|LYFT - Lyft Inc Cls A|18.2B|$58.71|54%| +|Z - Zillow Group In...|42.9B|$181.48|53%| +|SPOT - Spotify Technol...|66B|$361.80|53%| +|MGM - MGM Resorts Int...|18B|$36.48|53%| +|EAT - Brinker Interna...|3.25B|$72.39|53%| +|HAL - Halliburton Co....|18B|$20.27|53%| +|DDOG - Datadog Inc - C...|21.8B|$104.41|52%| +|YETI - YETI Holdings I...|6.53B|$74.91|52%| +|MELI - MercadoLibre In...|95.4B|$1905.00|52%| +|TEVA - Teva- Pharmaceu...|12.1B|$11.04|52%| +|WYNN - Wynn Resorts Lt...|13.3B|$123.61|51%| +|TTD - Trade Desk Inc ...|37.9B|$902.01|51%| +|TWLO - Twilio Inc Clas...|59.7B|$426.39|51%| +|OKTA - Okta Inc - Clas...|35B|$286.06|51%| +|RH - RH - Class A|10.3B|$503.93|51%| +|UBER - Uber Technologi...|103B|$58.27|50%| +Long story short: I was completely convinced of ZIP's upside and threw the kitchen sink at it. + +I bought it in small parcels, up and down, over the entire course of the pandemic. I'm still holding but I'm now down over 80% or over $40,000. At one point my holding was worth nearly $80k, now it is worth around $5k. + +Additionally, I had to pay over $5k in CGT last year because I had locked in gains before reinvesting them. So it's no exaggeration to say I lost 100% of my investment. + +I can't provide a convenient screencap of proof because the ticker changed, but I can show a mod my trades if need be. + +Anyway, that was literally my life savings. So this is just a PSA to keep an emergency fund and maybe diversify at least a little. Thanks for coming to my TED talk. +I did a few economics units as an undergraduate in university and I remember being surprised that there is an economic argument for welfare as helping to mitigate the effects of the business cycle. + +I've also seen people argue that, due to the multiplier effect, welfare actually 'pays for itself' in that it generates more economic activity than it removes from the economy. + +Is this true? Is there a strong economic case to be made for the welfare system, or is it something we implement mostly on humanitarian grounds? +Switched my focus from purely growth to incorporating dividends in November of 2019. Since Nov, and all of 2020, I heavily focused on dividends stocks except Tesla, ARK, and a few IPOs like PLTR, SNOW, SUMO, U, etc.. + +Was able to keep track of passive income in 2020 and total amount of dividends received was $1137.04 across taxable and non taxable accounts. So for this new year, my goal is to receive $100 a month in passive income, or ideally at least $1500 total for 2021. + +Came a little short this month, but pleased with January’s results. + +Here’s a quick breakdown. + +M1 +Total value : ~$14K +January dividends : $24.16 + +Largest dividends came from Iron Mountain. $5.69 from 14.46 shares. +- - - - + +Fidelity (Rollover IRA + HSA) +Total value : ~$27K +January dividends : $24.97 + +Largest dividends came from Verizon. $12.57 from 20.254 shares. + +- - - - + +Ally (Roth IRA) +Total value : ~$27K +January dividends : $ + +Largest dividends came from Reality Income. $6.43 from 27.545 shares. + +- - - - + +Robinhood (will most likely move account to Fidelity or Charles Schwab) +Total value : ~$8K +January dividends : $8.69 + +Largest dividends came from National Grid. $4.47 from 9.07 shares. + +- - - - + +Wife’s Roth IRA +Total value : ~$15K +January dividends : $21.76 + +Largest dividends came from SPHD $12.79. Forgot to ask how many shares she owns.. + +- - - - + +Also, got less than a dollar in my Charles Schwab account, so didn’t add that info. + +Wanted to share my progress and provide some info before all the questions asking how much I have invested. Hope this helps motivate some of you! +Japan has a history of struggling to avoid deflation and rarely hits the 2% inflation rate which appears to be the general target in the west. Japan further has the highest debt to gdp rate in the world at over 200%. The government frequently intervenes in monetary policy and frequently engages in QE already as the central bank lacks full operational independence. + +As inflation in this case appears to be desirable and noting the governments ability to intervene in monetary policies why does Japan not print and distribute money to the desired rate to avoid deflation? +Today I had a tenant from a long time ago call me with a proposition. + +She found a property for a little under $300k that she liked. I was told that I should buy the property and rent to them. They would pay me $1,000 per month and also cut the grass. + +Now the kicker, this is a tenant that I previously had to chase down for rent every single month, moved out with no notice, had the police at the property several times, would call me to ask if she could borrow money because she was low (while behind on rent), and moved several people in without notice. She lived in a property with rent that was sub $1,000 per month. + +At first I tried to explain how that would not work and was a horrible “deal” as I would just lose money on this. I was told that since “I make more money than I know what do with” that it wouldn’t hurt me to do that and I should do the deal to be supportive. According to her, I did not need to rent properties to profit and it shouldn’t be allowed anyway. + +I laughed a little as I was not really sure I could follow the logic but whatever. I tried explaining that I would just go spend my money to have a good time with my family if I was trying to lose money, not pick up actual work. + +I was kind of surprised by the discussion but then again, I wasn’t. + +I realized I was wasting my time attempting to explain how investing works and ended the conversation. + +Anyway, I figured one of you guys would enjoy my frustration. + +Please tell me you have a similar story lol + +Edit: I posted this at 01:45 am because I got this entertaining phone all at 01:00 am +I've accomplished a bit less than ten percent of that over the same time frame and I want to step up my game. If our discussion were a YouTube video, what type of questions would you want to hear answered? (Atlantic Canada) +Hi there. I'm a 33 year old male in the USA. i have a 3.xx million net worth. I make about 45k a year on dividends. + +I quit my wall street job last year and I've been working on my passion of becoming a musician. + +Im mostly working solo. Singing, writing, practicing, etc. + +I was wondering if anybody have any ideas for jobs out there that would make me feel less disconnected to the world that are extremely low stress that would allow me to meet other cool, young, smart people. + +Pay isn't a big deal because I'm mostly just living off dividends at this point. +I'm a software engineer living in Bulgaria right now, all of my savings are currently in euros (around 80k); I don't have any real estate properties, loans, debits, etc. Due to the recent drop of EUR value wrt to USD, what would you suggest me to do right now? + +I don't have time to learn how to invest in stocks (but this is something that I will definitely do in the near future), so my question is: would you suggest opening an account in USD and converting my euros to USD? + +Would it make sense to invest in real estate in a country such as Bulgaria? I just recently moved to Bulgaria, so I don't have a good idea yet on how the real estate market here is going, also in one year I would like to move to my home county, Ukraine, if the war will be over by that time, so I will need to sell my properties in Bulgaria (in case I will decide to buy something). + +Any other options? + +Thanks for any suggestions. +Found on SEC.gov: + +Subject: [File No. S7-08-08](https://www.sec.gov/comments/s7-08-08/s70808-144.htm) +From: John Drombosky + +March 27, 2008 + +Let's see…You're asking for public comments about naked short selling and a proposed anti-fraud rule you propose to implement? + +What's wrong with you folks? Naked short selling of securities, is someone selling something he/she does not have, does not have any "borrowed" shares to back up the short sale, historically does not even have a plan to cover because the hope is the manipulation it causes typically drives the targeted victim out of business so no cover is ever required. + +You're asking if it's OK to enact a rule that prohibits THEFT? Have you never been to an ethics training session? + +Something like a prohibition of theft should be a no-brainer, regardless of your position at the SEC. And by the way, the way naked short selling is done, it constitutes counterfeiting of securities, since the broker/dealers who participate in this practice assure the victim-buyer that yes, the share exists, even if it's just an electronic marker in the buyer's account. It's a fake share that was created out of thin air. And the result when done en mass, is to drive the price per share of the target company into the cellar. (ever hear of cellar-boxing?) + +Naked short selling robs the investors of their money, in exchange for something that never existed in the first place. The investor doesn't even know the share doesn't exist when the purchase is made. But in spite of the investment being made in a company that should have potential, the price per share keeps going down as the manipulation continues. The company doesn't get the revenues for these naked short shares sold. The company loses operating revenues. And most times, the company is forced out of business. + +When the company goes under, the naked shorts never have to be covered, and the crooks who sold these fake shares never even have to pay taxes on these ill-gotten gains. + +Where is your common sense? Of course nakes short selling should be illegal. In fact, there are already criminal statues on the books for grand theft. (many naked short schemes net the perpetrators millions of dollars and more) + +The SEC needs to enforce the laws that already exist, that prohibit market manipulation. The Secret Service should be involved since this activity constitutes counterfeiting of securities. The Department of Justice needs to be involved to prosecute those (even in the SEC) who condone such activities. The SEC is, after all, supposed to be protecting the investor against such crooks who rig the securities system against the investor. + +Most of all, the FED needs to be involved, because the penalties are already on the books for compensating individual investors against such fraud, such as naked shorting securities. If I read it right, the FED guarantees compensation to harmed investors, to the tune of a dollar per share MINIMUM. The penalties involve a formula to extract payment from the perpetrators, backed by the FED to ensure full payment, which includes a multiple of the trading price per share, plus a dollar, times the number of days the naked short share failed to deliver. + +On top of that, if the naked short activity is a coordinated effort among broker/dealers and the DTCC, CEDE and Co, and SEC, RICO laws kick in which allow for triple damages to the injured investor. + +The laws are already on the books, and you want to know our comments concerning your new proposal about naked short share selling? How about "enforce your rules and laws already on the books?" + +In reading the other comments, it surprises me how many other companies are in the same situation as the company I own stock in. This problem is PERVASIVE, and appears to be SYSTEMIC in the security exchanges. I assumed that it was just a practice common to the micro-cap companies. Well, I was wrong. And your failure to act before now, with laws already on the books is even more egregious + +I am a shareholder in several companies that were naked shorted off the exchanges. But one in particular did not go bankrupt like so many others did. CMKX was the trading symbol on the Pink Sheets. Our corporate attorney tried to present evidence of 2+ TRILLION naked short shares, during the administrative hearing to revoke CMKX. He was kept from presenting such evidence. The proof exists. + +CMKX requested the initial decision to be enforced, revoking the trading status of CMKX. This locked in the naked short position. Many of the shareholders now own certificates of ownership. Documented proof of what is claimed to be the naked short in our company. DO YOUR JOB + +By the way, CMKX was revoked because of the failure to file financial statements with the SEC. How, may I ask, can a CEO of any company legitimately sign off on financial statements, knowing that a significant naked short position exists? That naked short position affects the financial statement. A huge naked short position affects the financials in a HUGE way. Signing off on financials, places the CEO in jeopardy if those financials are flawed. + +I submit Urban Casavant was in a no-win situation. Turn in signed financials, and he's in trouble for flawed financials. Don't file financials, and his company gets revoked. (in most cases, revocation results in a corporate bankruptcy, in which case the naked shorts go away.) Well, CMKX got revoked, and we didn't go away. It's time for your to do your job + +My understanding, is that if presented with evidence of a crime, you become obligated to investigate to determine the merits of that evidence. Instead, prior officials simply discounted the evidence by denying the existence of naked shorts, saying it was meerly an excuse to complain about a stock that didn't increase in value. + +Times have certainly changed. Naked short sales do exist now, don't they? Well, the proof of 2+ trillion naked short shares still exists in CMKX. I don't think you need to wait for this proposed rule to become effective. You already have the rules and laws on the books to open your investigation, and go after the perpetrators of what seems to be the largest example of naked short selling in the history of the exchanges. + +To continue ignoring the naked short position of CMKX is to exagerate your dereliction of duty in pursuing the criminals who continue to rob the small investors of this country. + +Finally, I recall President Bush proposed modifying the Social Security system, to permit individuals to invest in the stock market, rather than invest in the Social Security system, as a way to bolster and protect the system. Can you imagine the debacle if investors put their social security money into your stock exchanges, only to have it evaporate because of naked shorting market manipulation and fraud? Please, if you would, explain to the President why his Social Security Reform plan won't work + +Comments on the naked short selling anti-fraud rule? How about, on the way to passing this new rule, you go back and begin enforcing the rules you already have against market manipulation, counterfeiting securities, and fraud? How about explaining how REFCO can have millions of dollars on their balance sheet for shares "sold but never purchased"? And perhaps even explain how it is NevWest can get off with a minimal fine for millions of dollars in questionable transactions of CMKX securities, and the seller, can get off scott-free? + +Come on, guys. DO YOUR JOB. This rule-making exercise you're going through might make for good press releases, but it's just one more rule in a BOOK of rules to prohibit the same activities. DO YOUR JOB. + +**Edit: I tweeted this post to the SEC and GG. I encourage others to do so as well. If you’re too lazy to type anything, feel free to steal mine:** + +Hey @SECGov, Reddit is now finding letters on your website, dating back over a decade, begging you to DO YOUR JOB, and calling out specific instances of fraud on a MASSIVE level. Why did this go ignored? bit.ly/Marketfraud @GaryGensler #DOYOURJOBSEC #GME #GameStop $GME +It’s gonna be 4 years soon since I’ve changed my style of investing. I used to buy penny stocks hoping they would give me 1000% of profits.. quick money grab.. Heck It was.. lost a lot of money with this … my friend on the other hand turned 10k into 100k but didn’t sold cause he was too greedy.. And now he’s losing everything.. he still hoping for that “news” that will spike the stock price momentarily and sell it for whatever profits he can gain…Anyhow that’s not the subject.. + +I’ve learned about dividend investing in late 2018. I’ve restarted my portfolio from scratch I started buying REITs stock because I always wanted to be expose in the real estate market plus the way REITs are structured they have a nice dividend policy and yield. I would get a monthly dividend every 15th day of the month. + +It’s started really small. In 2018 I invest 2500$ on NWH.TO which at the time would give me a 7-8% return on investment so basically I was receiving approximately 16$ a month ( 2500 x 7-8% / 12 months).. eh it’s small but we gotta start somewhere. I would reinvest my dividends to get more stocks which after would give me a higher dividend payout than the previous month. I was so excited. And I started buying stocks every month for approximately 500$.. I would transfert 250$ on my investing account when it was payday. + +In mid 2019, I received a letter in the mail from MBNA Mastercard offering me the possibility of a fund advance at 0% interest rate for 12 months with a fee of 3% of whatever amount you advanced. So I’m thinking.. okay let me borrow 8000$ pay 240$ (3% fee) invest the whole amount on the stock market at a 7-8% (bought more NWH-UN.TO) which is a REIT that holds healthcare facilities like clinics, hospitals etc in Canada, Europe, Australia and Brazil. And refund the whole advance in less then 12 months before they charge me a 27,99% interest rate. + +By the end of the year of 2019 I had 17k invested with a average return of 7-8%. My monthly dividend pass the 100$ mark! I was amazed of how fast I got it there but I would still not cash in my dividends and reinvest everything. So now I’m thinking people always say make money with other peoples money. Alright let me borrow at low rate and dump everything on the stock market. + +2020 the perfect year … Covid pandemic strikes in March.. everything in the stock market crumbles.. Perfect opportunity to buy more stocks… “Buy when everyone is fearful and sell when everyone is greedy” So I manage to have a 15k line of credit with my bank and because of the union I’m part of at work they would give me a discount on interest rate plus because of the pandemic they lowered they rate even further. So I was able to get a 2,95% interest rate pull out the whole 15k.. invest it once more but this time I bought 7500$ of MR-UN.TO which gave me a 12% on return on investment and 7500$ of NWH which would give me 10% return. The stock price were really low thanks to covid it’s like your favourite dish on the menu is on special for the day. + +Fast forward end of 2020 I had 38k invested i was fortunate to still have my job.. working for the government as some perks. So my average return on investment was 10% and I was receiving approximately 325$ of monthly dividend.. all that in 2 years .. I forgot to mention that I was able to reimburse the fund advance of 8k in less then 12 months that year and had no miss dividend payout. + +In 2021 the stock market is slowly ascending from its 2020 crash. At that time I’ve learned about split funds… and stumble on DFN.TO a fund who has 15 holding mostly financial company like banks, insurance company etc. The yield at that moment was 15-16% and because I bought a lot of share during the pandemic I was up 11k. So I took the guts decision of selling everything I made a 11k profits I had 52k on my investing account and poured everything on DFN.TO. + +My monthly dividend at the end of 2021 was 675$ a month.. I started cashing in some of it to aid my mother. But after 3 years I was already almost receiving 700$ a month. + +Fast forward today I have 65k invested I’m receiving 795$ of monthly dividend and I’m pretty sure by the end of the year 2024 I’ll reach the 1000$ monthly dividend mark! + +The key is to be consistent always pour money on the market. Don’t try to time the market. Passive income investing is a slow way but sure way to financial freedom. My goal now is to invest at least 10k a year. +Every year a new spending bill comes out, and every year theres political tension from everyone involved on how we should spend, and how much we should spend. + +According to the [usdebtclock.org](https://www.usdebtclock.org/) the USA is in 31.5T in debt, and as far as I'm aware we (Congress?) have no interest in slowing spending. + +At what point does this become unsustainable? Is it at $50T in debt? $100T? + +As much as I believe we should stop spending, I find it hard to make a broad argument about it when we continue to do it and seemingly no one in the government cares or finds it to be a big enough problem to stop. The government employs millions of people -- many of which I'm sure are highly educated economists. + +What does the deficit mean? Is it a problem? How big of a problem is it really? If it is a problem, when does it actually become one? + +&#x200B; + +Thanks! :) +I have my normal 50 hr week job but if people ask what I do I want to start saying I'm on insurance writer based on all these dank premiums we keep collecting + +What does everyone think will happen? I saw a lot of people say they might force google to get rid of chrome which is pretty dumb tbh + + +https://www.wsj.com/articles/justice-department-to-file-long-awaited-antitrust-suit-against-google-11603195203 + +https://www.bloomberg.com/news/articles/2020-10-20/google-accused-by-u-s-of-abusing-market-power-in-landmark-case + + +Edit: deleted verge articl + +Edit: added better Bloomberg link +Hi, + +Most articles are negative about BABA compared to JD but when we look at the data: + +gross margin - 38% (BABA), 14 (JD) + +nett margin - 15% (BABA), 3 (JD) + +cash to debt - 3 (BABA), 5 (JD) + +3y growth - rev - 40% (BABA), 27 (JD) + +What is it that I'm missing with JD so it's such a better opportunity compared to BABA? + +Thank you for any pointers, +I work a restaurant job that has been open during the pandemic. I have no car and so I need to take the train and bus. + +On reddit, it seems like if you aren't in 24/7 lockdown mode, then you are part of the problem. + +But how am I supposed to take shelter when I cannot afford to be out of a job? +$3000 PayPal Credit 20% APR +$2500 Visa 21% APR +$1000 Wells Fargo 18% APR +$1000 Chase Slate 0% APR ($30/month mandatory payment) +$800 Amazon Card 20% APR + +45k year salary. I was irresponsible and now I’m paying the piper. + +Once I move out: + +$650 rent +$60 utilities +$120 gas +$400 food + +I’ll add $200 more for miscellaneous. Total is $1430 a month in expenses. + +At least I have no student loans. + +In summary: +$3000 a month post tax take home. +$2000 a month to live. +$8500 high interest credit card debt. +$300 a month minimum payments. + +I’m probably being unreasonable and can cut somewhere I’m not thinking of. + +Do I just pay the $300 minimum and throw the $700 extra a month at the highest interest debt until it’s gone? Surely there’s a smarter way to do it than that. + +Is it possible to consolidate the debt? This is why we need financial education in high school. + +Save me r/personalfinance +Hey folks, + +I'm writing this post to share my investment history and looking for your suggestions on how can I make the effective use of whatever I built so far. (Throwaway for obv reasons) + +30yrs old, works in IT, making 2.15L/month post tax. I'm single, parents passed away, my younger sibling working. I have 0 dependencies, debts, liabilities, EMIs. Also 0 ancestral wealth, physical properties. So completely independent, free soul. + +I'm not a lavish spender, I used to save around 50k-1L every month before pandemic. Now I live with my granny in rural town, my monthly expenses are <10K. So I'm saving 2L/month. + +My investments so far (Initial guidance by my relative then on my own): + +* 11L in PPF (Investing since 2013) +* 19L in Mutual funds (SIPs in Full equity for the last 7 years) - Cur valuation 27L +* 13L in stocks (Nifty50, large cap ones) - Cur valuation 19L +* 2L in FDs +* 7L in Emergency fund/Liquid cash + +No investments outside of these. Got health, term insurances covered. + +Every month I transfer 1L to my investment account (SIP + buy stocks in dips), 50K to my expenses account (Credit card bills), let 50-70K in my salary ac. I donate 5-10K every month to charity. + +All my investments are long term >10years. Except for the marriage (not into arranged marriage, so uncertain) I don't foresee any other heavy expenses. Even for marriage I set a max budget of 3-5L. I don't have any goals attached to my investments, just building the corpus. Given my age, time frame and risk appetite, I went full equity. + +So far everything went fine, but I feel like I may not be able to invest my money shrewdly given the size. I am not a knowledgable investor, just used common sense, avoided hasty decisions, stayed put, so things worked out. But past results don't guarantee future perf right?! + +1. Should I approach any sebi regd financial advisor for a proper plan? How he/she is going to help given I myself don't have any strategic goals for now? +2. If I move to any foreign country, how much complications would arise on these investments? +3. Any other avenues I should look for as long term investments? + +Appreciate your inputs/suggestions. + +&#x200B; + +Edit: + +Since some people asked about my job profile, sharing it here. + +I work as Infra/Devops engineer in a tech startup. I was working in MNCs for the first 5 years, doing crap work. Infact I spent first 3 years installing MS office, changing mouse/keyboard in IT support. Then continuous learning, up skilling, learning new technologies led me to the startup world and things just fallen into place. I studied and did certifications like redhat linux, cloudera hadoop, AWS, which helped me to move to new companies. + +Company A (Mnc) - started with 3.1L salary in Jan 2012- left with 4.8L after 3.5 years +Company B (product comp) - started with 7L in May 2015, left with 7.5L after 1.5 yrs +Company C (Mnc) - started with 9.75 in Oct 2016, left with 9.75 after 1.5 yrs +Company D (startup) - started with 16.5L in Feb 2018, now 3+ years going strong, salary at 34.5L + ESOPs + +I'm not a developer. I manage my company's cloud infra (AWS, Google cloud), CI/CD (docker, kubernetes), good at automating mundane tasks using Python, great at soft skills like communication, leading projects etc., Earlier I used to focus more on the salary, less on skills. Now I'm more focused on my skills and salary coming on its own. Still lot to work on my tech skills, but soft skills are my asset. Hope this clarifies. + An investigation is underway after a 26-year-old contractor died early Thursday after being struck by equipment at Suncor's Base Mine near Fort McMurray, Alta. + +This is the 5th death in 2 years for Suncor... + +&#x200B; + +[https://www.cbc.ca/news/canada/edmonton/contract-worker-killed-suncor-mine-fort-mcmurray-1.6513626](https://www.cbc.ca/news/canada/edmonton/contract-worker-killed-suncor-mine-fort-mcmurray-1.6513626) +As per a finance ministry circular, dated March 31, 2021, interest rates on small savings schemes have been cut by massively between 40 -110 basis points (100 basis points/bps = 1%) for the first quarter of the financial year 2021-22. The PPF interest rate below 7% would be the first time since 1974, a 46 year low. + +With effect from April 1, 2021, post office saving schemes will fetch interest rates as follows: Public Provident Fund (PPF) - 6.4 per cent down from 7.1 per cent earlier, National Savings Certificate (NSC) - 5.9 per cent, down from 6.8 per cent earlier, Sukanya Samriddhi Yojana (SSY) - 6.9 per cent, down from 7.6 per cent earlier. Post office time deposit rates across tenures have been reduced by 0.40- 1.1% and will earn in the range of 4.4- 5.3%. + +I know that many people here invest in PPF and SSY to save tax and also to get a fixed income. Now that the rates have changed, how does it affect your investment plans? + +I invest in PPF but now I feel that the government may not hesitate to reduce the PPF rates in future, thus making ELSS a better option than PPF at least for me. + +Will you reconsider your investment strategy for these tax saving investment instruments? If no, why? +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'm a 20 year old college student. When I was 16 my dad passed away and I inherited his estate which is currently worth 350k. I'm on summer break right now and I really don't want a summer job. I just want to enjoy my summer, hang out with my friends and pursue my hobbies. My Mom disagrees with me and says I'm a loser. She thinks I need to continue to build my savings and it will give me some work ethic. I obviously don't need the money but what would you do if you were me? +We were both blindsided by today. We're both pretty young, early on in our careers, he had only been there a year and was performing. It was a huge shock. We don't practice every best habit of the sub but we're grateful we picked up doing your best to live off one income. + +We just bought our house in August and insisted on going through the pre-approval process off my income alone. Our lights will stay on because our bills are effectively scaled to one income as well. We held off on car payments and continued to drive our beaters because the numbers for new used cars didn't make sense with one income. + +My only regret is not building up our emergency fund more (one month saved but we should've had at least three), so if you're reading this, definitely do that. + +Anyways, thanks to the sub for the constant advice on living below your means and always being prepared. I came to thank you all, not lecture. And encourage people who are following this thought process and are using a second income for the "extra stuff" - you're doing great. Today sucked but it could've been so much worse. + +We're counting our blessings and the job search begins tomorrow. + +&#x200B; + +**EDIT:** Thanks everyone for the encouragement and well-wishes. This obviously isn't the only thing going on in our lives, so the messages to keep going were greatly appreciated. + +For those of you who are in HCOL areas or other situations where living off one income isn't possible, I totally understand - the intent of this post wasn't to shame anyone into anything. We live in a MCOL city in the South and are in the tech sector so it was doable for us. We're also not beacons of perfection of this sub and are still working on breaking bad financial habits every day. + +For those of you who took this as a self pat-on-the-back post, I can see that. The intent really was to see the silver lining of things and encourage others who are perhaps considering this type of budgeting method. But I understand how fast this sub gets into circle-jerking and self-congratulating and didn't mean to purpose this thread for that. Just hoping to reduce the amount of "We're in deep shit from one event that could've had a much lower impact" posts by showing anything can happen at any time and that even then, we weren't as prepared as we should've been. +I feel like a cheat because I did have money in the bank but it is money I need to pay my car insurance next month and if I spend it I won’t be able to save enough in time. Actually, the food bank I used does huge hampers for $50, so I did actually use some of it to get food. I also had to buy a new battery for my car yesterday as it wouldn’t start. Now I have just enough to pay the insurance I hope. + +Food costs are astronomical here in regional Australia and while wages are generally good, we are a fairly low income family with a 7 year old child. I manage bills by paying them each fortnight (or putting money aside each fortnight) but my husbands pay can go up or down by about $400 depending on how many hours and penalty rates he gets. Sometimes after rent and bills there’s no money for food and now we have credit card debt. + +EDIT thank you to all the wonderful people who’ve made me feel better about my choice. I will look into volunteering with them, I volunteer at an op shop (a thrift shop) as well. Hopefully that kinda balances out my karma a little. +I received a phone call claiming I owed them and if I hung up legal action would be taken against. Followed by listing consequences, and asking for my accountant. + +After saying I needed to call my accountant and put them on hold, the call was disconnected when I came back. + +This is a scam right? Should I be worried? +I'm mostly interested in inequality economics, conductual economics, marketing, finance and game theory but I could read any good book about economics. +I tried asking on eli5 but the post was removed because of "similar posts." I had also been looking at other posters when it was removed and didn't feel satisfied by any of the questions or answers I saw because they didn't talk about the time value of money assuming 10% year over year returns on investment. + +Ok so I heard the S&P500 has grown by around 10% every year since its inception. Ignoring market massive bull runs and crashes, let's just assume it's always steady. That means that in 7 years your money doubles. There's also inflation and taxes but we can account for that and still get (i dunno) 7% returns. The cost of goods or inflation isn't keeping up with that 7%. So where does that money come from? + +Like imagine a small island called worldsville with a population of 100 people. There are only 5 big companies on the island: Arnold's Apples, Wes's windows, Fecilia's books, Ema's delivery service, and Giggle's joke emporium. Everyone on the island starts with $100 or islandbux. But after 30 years money invested into stocks of the island's companies would balloon to $1600 dollars. But the price of goods has only gone up 2x due to inflation. So is everyone who invested just over 8x richer (not accounting for taxes)? + +(They can buy 8 apples in 30 years whereas they could only by 1 today). + +I've heard this difference can be explained by improvements in productivity meaning that Wes's apples can only increase 2x because he planted more trees and can produce more of them. But this can't continue forever, there's a limit to how many apples people can eat. And it's hard to believe his company has become 8x more productive. Try as much as you want to improve the rate you run, you can't run 8x faster than your maximium speed today. + +Except for things like island housing and island college tuition and healthcare which have risen with the increase in stock valuations, does the cost of goods just become smaller relative to wealth? And if so how is that sustainable? + +Ok so here's a more concrete example. A yacht is worth 8.4 million dollars today. Let's say you have 1 million in your portfolio today. You can't buy a yacht today. In 30 years let's say that a future yacht is worth 16 million, and your portfolio is also worth 16 million. You can buy a yacht then. All you did was click one button "buy VTI" on your robinhood account. How is this sustainable? Is everyone just going to be able to own Yachts? +I always considered investing in GME to be like sailing a boat in a storm. Know that the boat is solid and strong. It is built on value, fundamentals, and hours of research. + +However, it's equally important to know that the storm will be Truman Show levels of orchestration, and they will send you up and down on waves to try and get you tossed out of the boat. They'll thrash you with dips, they'll pelt you with FUD, and they will rain hard with false victory posts on selling in the low hundreds, the low thousands. + +These shares are worth months of fighting, ***billions*** of dollars of tactics, market techniques, and overtime. + +Buckle up. Hold throughout. + +Peace and love, you glorious apes. See you all on the moon. + +An edit: Thanks for the response. I, personally, am genuinely excited to exercise my complete desensitisation to the price and to ***absolutely*** fulfil the idea that this will be the greatest transfer of wealth in history. This *will* be a test but know **I plan on winning the Grand Slam.** +Edit: I just wanted to add an edit to address you guys because I can’t keep up with all the reply’s. I am so grateful that some of you have found these tips useful! I never would have expected over 1k people to see this. These things have made a huge difference in my life and I hope maybe they do the same for you. Yes - as a few people mentioned.. some of the things listed are definitely more involved and time consuming. Not all of these things will work for everybody, and that’s okay. We all start somewhere, we all come from different paths, and all have different goals/needs. Nonetheless, the impact they made on my life was huge and I wanted to share that. We’re all looking for ways to help improve our financial situations and better our financial awareness - with that being said, be kind. No need for rude comments below to others. Thank you all for the awards and love! + +1. Canceled every premium service we had (e.g. Pandora Plus, Spotify Premium, Weather Plus) Saved us almost $60 a month. +2. Switched phone plans to a prepaid option with a smaller wireless company that uses the same towers as verizon. Saved us $70 a month. +3. Kept only one streaming service (Netflix) and asked friends/family to share accounts and vice versa. Saved $24 a month. +4. Sold unused electronics/video games at pawnshops, eBay and Facebook market place. Earned about $150. +5. Went to our local food pantry about once a month for a staple food box when we were really struggling. +6. Used the app “Basket.” A grocery store tracking app that uses your zip code to find the cheapest items in your area at different stores. +7. On grocery shopping days, we went to multiple stores instead of one to get the cheapest items we needed at each (used the basket app to find these) +8. Started buying knock offs and non brand name items (e.g. Kroger brand bread, knock off crackers, knock off cereal) +9. Got a savers/discount account at every single store we used regularly for the gas points. (I get like 30-40 cents off per gallon every 1-2 weeks) +10. When I didn’t have the gas points, I would use the app “Gas Buddy” to find my areas cheapest gas. +11. Double up on coupons and cash back using Ibotta, coupons.com and other retailer coupons. +12. Sold unused clothing in decent condition to platos closet and other shops similar near me. +13. Did a lot of the survey sites on r/beermoney to earn Amazon gift cards. These are hard to make money on sometimes, but I found that the game downloads pay out like $10-40 a piece for reaching a certain level. +14. Used these Amazon gift cards, paired with Honey for discounts to buy household items that were on sale on Amazon. (E.g. cleaning products, dog items, toilet paper.) +15. Switched out disposable products for reusable. You kind of have to spend money to get these, but in the long run it saved us. (E.g. We replaced the swiffer with another option that has reusable machine washable pads and refillable solution tank) +16. Did doordash on the weekends for a few months. +17. Did instacart on the weekends for a few months. +18. Donated plasma. +19. Started cooking in larger portions with cheaper ingredients - like chili. It would feed my husband and I for 4-5 days and beans are cheap. +20. Avoided eating out as much as possible. +21. I have hypoglycemia, so I started adding snacks to my purse before we go anywhere.. so I’m not out and about and need something to eat. Helped me stop buying snacks while out. +22. If we had to go out to eat for any reason (family event, bday etc) we would check if they had any deals, or coupons. +23. We started using Rxsaver to find the cheapest pharmacy in our town. There are also similar websites that give rebates on prescriptions for humans and your furry friends too. +24. Got Apples Family Plan. It’s free to use and allows you to share services and apps between family members/friends. I didn’t even know this existed. Some of the services you still have to pay for(regular price) but you can get services paid for on only device and have every person able to use it. +25. Medical studies. If you are in good health, check in your area for medical research departments. I’ve done multiple ranging anywhere from a 1 night stay at $400 and others a weekend stay for $1000. +26. If I have a left over giftcard balance in my Amazon account, I’ll look to see if they are having any sales for “buy $50 worth of Amazon gift cards, get $10 free.” I’m using money I got from surveys, to get more money, without using any money from paycheck. +27. Check for checking account bonuses. Some may question the ethical value of this, but hundreds of people do it. A lot of larger banks will have a promotions where you open a checking account, transfer your direct deposit there and they give you whatever bonus amount. +28. Paid off our smallest account with highest minimum payments. We had multiple accounts sitting at $100-300. Paid them off and it saved us almost $100 a month in payments. +29. Used the app “Fetch Rewards.” All you do is scan your receipts. It’s easy to earn points and you usually do every single scan. I’ve earned over $70 in Amazon gift cards doing this in just a few weeks. +30. Opened a secured credit card with no credit check to lower my utilization rate. +I often use the theta gang wheel strategy by selling cash secured puts close to at-the-money and I like to see where I can get some bang for my buck. A quick scan of the list will tell me what IV is looking like for certain stocks and when earnings is coming up and whether or not I want to do a weekly theta YOLO for earnings. + +Here's some of the top tickers from this weekend. Instead of making a full list of tickers ranked by IV, I'll share some of the more common tickers mentioned on the internet. + +# High IV Tickers List + +\*Some of the market cap data is off, so always double check before entering any plays! + +|Ticker|Market Cap|Stock Price|IV (%)| +|:-|:-|:-|:-| +|GME - Gamestop Corpor...|4.45B|$61.38|588%| +|AMC - AMC Entertainme...|1.96B|$6.82|254%| +|MARA - Marathon Patent...|1.43B|$22.25|201%| +|RIOT - Riot Blockchain...|1.58B|$23.23|186%| +|SOLO - Electrameccanic...|709M|$8.71|175%| +|FUBO - fuboTV Inc|3.3B|$48.55|167%| +|SPCE - Virgin Galactic...|12.7B|$53.93|165%| +|DGLY - Digital Ally In...|99.6M|$2.67|159%| +|TLRY - Tilray Inc - Cl...|3.43B|$25.73|157%| +|BLNK - Blink Charging|1.92B|$53.01|156%| +|NNDM - Nano Dimension ...|148M|$14.81|156%| +|SBE - Switchback Ener...|1.27B|$40.39|153%| +|WKHS - Workhorse Group...|4.89B|$40.65|146%| +|QS - QuantumScape Co...|9.34B|$44.59|146%| +|SRNE - Sorrento Therap...|3.67B|$14.03|146%| +|ACB - Aurora Cannabis...|2.53B|$12.85|144%| +|OSTK - Overstock.com|3.96B|$92.68|138%| +|BB - BlackBerry Ltd|7.45B|$13.30|137%| +|JMIA - Jumia Technolog...|0|$61.16|130%| +|APXT - Apex Technology...|546M|$15.39|130%| +|APHA - Aphria Inc|5.28B|$16.68|125%| +|CRSR - Corsair Gaming ...|4.16B|$44.94|124%| +|RIG - Transocean Ltd|2.16B|$3.50|122%| +|ARCT - Arcturus Therap...|2.08B|$84.68|120%| +|PLTR - Palantir Techno...|50.1B|$33.80|119%| +|LAZR - Luminar Technol...|7.28B|$33.30|117%| +|NKLA - Nikola Corporat...|9.06B|$23.65|116%| +|COTY - Coty Inc - Clas...|5.85B|$7.63|115%| +|HYLN - Hyliion Holding...|2.41B|$15.64|113%| +|GSX - Gsx Techedu Inc...|0|$89.81|112%| +|AI - C3.ai Inc - Cla...|0|$145.51|109%| +|CODX - Co-Diagnostics ...|436M|$15.36|104%| +|DASH - DoorDash Inc - ...|0|$180.93|103%| +|LMND - Lemonade Inc|8.19B|$145.53|103%| +|FSLY - Fastly Inc - Cl...|11.6B|$113.08|99%| +|PLUG - Plug Power Inc|30.9B|$66.14|98%| +|BBBY - Bed, Bath & Bey...|3.23B|$26.57|97%| +|PSTH - Pershing Square...|6B|$29.75|96%| +|GRWG - GrowGeneration ...|2.15B|$58.00|96%| +|CRSP - CRISPR Therapeu...|12B|$169.29|95%| +|GLUU - Glu Mobile Inc|1.58B|$9.16|94%| +|CRON - Cronos Group In...|4.32B|$12.06|94%| +|APPS - Digital Turbine...|7.87B|$87.04|93%| +|SFIX - Stitch Fix Inc ...|5.18B|$81.94|92%| +|M - Macy\`s Inc|4.68B|$15.04|91%| +|UPWK - Upwork Inc|6.29B|$51.49|91%| +|NIO - NIO Inc - ADR|88.3B|$56.51|91%| +|XPEV - XPeng Inc - ADR...|22.8B|$46.98|90%| +|PRPL - Purple Innovati...|2.32B|$38.20|88%| +|ABNB - Airbnb Inc - Cl...|118B|$194.03|88%| +|ENPH - Enphase Energy ...|24.4B|$194.39|87%| +|HUYA - HUYA Inc - ADR|462M|$26.80|86%| +|CNK - Cinemark Holdin...|2.34B|$19.86|86%| +|CGC - Canopy Growth C...|16.1B|$43.11|85%| +|RKT - Rocket Companie...|2.5B|$21.64|84%| +|DBX - Dropbox Inc - C...|7.85B|$24.73|82%| +|SNOW - Snowflake Inc -...|15.5B|$304.42|81%| +|FVRR - Fiverr Internat...|8.84B|$273.36|79%| +|HOME - At Home Group I...|1.59B|$24.46|79%| +|NCLH - Norwegian Cruis...|5.31B|$24.64|78%| +|LL - Lumber Liquidat...|862M|$29.98|78%| +|ZM - Zoom Video Comm...|120B|$417.85|78%| +|SEDG - Solaredge Techn...|15.8B|$309.04|77%| +|W - Wayfair Inc - C...|21.1B|$288.97|77%| +|IQ - iQIYI Inc - ADR...|16.9B|$23.32|77%| +|PENN - Penn National G...|20B|$128.81|75%| +|CLDR - Cloudera Inc|5.35B|$17.07|75%| +|BYND - Beyond Meat Inc...|10.6B|$168.61|74%| +|MRNA - Moderna Inc|69.7B|$176.05|74%| +|FROG - JFrog Ltd|6.13B|$66.59|74%| +|CVNA - Carvana Co. - C...|13.5B|$287.87|74%| +|X - United States S...|3.65B|$16.61|74%| +|DKNG - DraftKings Inc ...|25B|$63.70|73%| +|CCL - Carnival Corp. ...|23.5B|$21.26|73%| +|BIG - Big Lots Inc|2.06B|$55.85|73%| +|TWTR - Twitter Inc|45.2B|$56.63|73%| +|NOK - Nokia Corp - AD...|2.78B|$4.21|73%| +|U - Unity Software ...|34.8B|$129.51|72%| +|SHAK - Shake Shack Inc...|4.51B|$117.01|71%| +|SAVE - Spirit Airlines...|2.92B|$29.96|71%| +|Z - Zillow Group In...|36B|$156.81|70%| +|NET - Cloudflare Inc ...|26.3B|$85.21|70%| +|BIDU - Baidu Inc - ADR...|94.1B|$268.90|69%| +|ETSY - Etsy Inc|29.1B|$231.43|68%| +|OXY - Occidental Petr...|21B|$22.43|67%| +|UAA - Under Armour In...|8.54B|$20.68|67%| +|LB - L Brands Inc|13.7B|$49.52|67%| +|GPS - Gap, Inc.|8.47B|$22.55|67%| +|SE - Sea Ltd - ADR|112B|$257.35|66%| +|ROKU - Roku Inc - Clas...|55.8B|$438.75|66%| +|TTD - Trade Desk Inc ...|35.9B|$852.17|66%| +|CHWY - Chewy Inc - Cla...|44.1B|$110.39|65%| +|CHGG - Chegg Inc|13.2B|$101.94|64%| +|AAL - American Airlin...|10.4B|$17.16|63%| +|ZS - Zscaler Inc|29.1B|$215.97|63%| +|DDOG - Datadog Inc - C...|23.9B|$114.36|63%| +|CREE - Cree, Inc.|13.1B|$118.28|63%| +|CZR - Caesars Enterta...|14B|$83.01|62%| +|PTON - Peloton Interac...|37.9B|$149.10|62%| +|RCL - Royal Caribbean...|16.1B|$71.35|62%| +|FEYE - FireEye Inc|4.85B|$21.25|61%| +|SMAR - Smartsheet Inc ...|9.31B|$76.31|61%| +|PINS - Pinterest Inc -...|50.7B|$81.68|61%| +|LYFT - Lyft Inc Cls A|16.4B|$53.09|60%| +|ESTC - Elastic N.V|14.6B|$166.05|60%| +|SNAP - Snap Inc - Clas...|94.8B|$64.29|60%| +|TWLO - Twilio Inc Clas...|56.1B|$396.72|59%| +|YETI - YETI Holdings I...|6.35B|$72.33|59%| +|TDOC - Teladoc Health ...|41.3B|$284.81|59%| +|SQ - Square Inc - Cl...|102B|$239.38|58%| +|TSLA - Tesla Inc|808B|$850.20|58%| +|TEVA - Teva- Pharmaceu...|13.4B|$12.24|58%| +|ZNGA - Zynga Inc - Cla...|11.5B|$10.68|57%| +|DISH - Dish Network Co...|16.4B|$31.32|57%| +|MGM - MGM Resorts Int...|16.9B|$34.36|56%| +|DOCU - DocuSign Inc|46.7B|$249.68|56%| +|SHOP - Shopify Inc - C...|155B|$1281.80|56%| +|EAT - Brinker Interna...|2.99B|$65.60|55%| +|F - Ford Motor Co.|45B|$11.44|55%| +|UBER - Uber Technologi...|103B|$58.45|55%| +|WYNN - Wynn Resorts Lt...|12.6B|$117.23|53%| +|UAL - United Airlines...|12.3B|$42.17|53%| +|MELI - MercadoLibre In...|95.7B|$1914.52|52%| +|VALE - Vale S.A. - ADR...|91.2B|$17.22|52%| +|SPLK - Splunk Inc|27.5B|$169.93|52%| +|EXPE - Expedia Group I...|19.2B|$141.86|52%| +|TAN - Invesco Capital...|4.93B|$116.58|52%| +|GM - General Motors ...|77.9B|$54.31|52%| +|SPOT - Spotify Technol...|56.2B|$310.14|52%| +|HAL - Halliburton Co....|16.8B|$19.05|51%| +|JD - JD.com Inc - AD...|150B|$96.41|50%| +|CRWD - Crowdstrike Hol...|42.1B|$223.22|50%| +|OKTA - Okta Inc - Clas...|34.3B|$281.03|50%| +|AMAT - Applied Materia...|92.4B|$101.11|50%| +|PBR - Petroleo Brasil...|23.2B|$11.01|50%| +Silver might go up nicely and for a time but don't get high on hopium, this is not gonna go in the 100s. + +https://twitter.com/michaeljburry/status/1356111612759789568 + +>A corner in the silver market has been tried before - and let's be clear, that is what is being attempted now. In 1980, a rule change by the government destroyed the corner. #silverthursday. + +https://www.britannica.com/topic/Silver-Thursday + +>Silver Thursday, the dramatic fall in the price of silver on March 27, 1980, following the Hunt brothers’ attempt to corner the market on the metal. + +- +>Apart from a handful of reigning monarchs and despots, Nelson Bunker Hunt (1926–2014) was the richest man in the world at the start of the 1960s. Like his father, the legendary oilman H. L. Hunt, Bunker gambled big and got lucky. By 1970, although his wealth was accumulating faster than he could spend it, he foresaw a volatile economic future. Prevented by Franklin Roosevelt’s 1933 prohibition on U.S. citizens owning gold, Bunker and his younger brother William Herbert (b. 1929) chose silver, then standing at $1.50 per ounce, as their speculative hedge. Their initial caution vanished after Colonel Muammar al-Qaddafi nationalized the Bunkers’ Libyan oil fields in 1973. Furious, and paranoid that paper money would soon be worthless, the Hunt brothers then bought futures contracts on 55 million ounces of silver, eventually accumulating an estimated 100 million ounces of the precious metal. But instead of selling the contracts like normal commodity traders, they took delivery of the bullion and chartered three Boeing 707s to air-freight it to Switzerland. + +- +>By 1979, they had engineered a genuine shortage of the metal. The Hunts owned $4.5 billion-worth of shiny, glittering silver, safely stashed in Swiss vaults. Still the price climbed, until on January 17, 1980, an ounce cost $49.45. Such rampant speculation and profits triggered new government oversight, prompting the Federal Reserve to suspend trading in silver. The boom was suddenly over, but the Hunts still had to honour contracts to buy at prices over $50. The day the market plunged—March 27—silver fell to $10.80, the metal’s biggest single collapse. Upon losing some $1.7 billion, prompting Bunker to quip, “A billion dollars isn’t what it used to be,” the Hunts had become the (then) greatest debtors in financial history, and though New York banks allowed them $1.1 billion credit towards clearing their obligations, they were personally bankrupted and later convicted of illegally trying to corner the market on the precious metal; the brothers were fined $10 million each, in addition to the millions they owed to the IRS, and banned from future trading on the commodities market. The Hunts had gambled that silver was undervalued, but they failed because they had made the price of silver too attractive for its own good. + +- +>To pay off his staggering debt, Bunker was forced to sell off his beloved stable of thoroughbred horses, three of whom were named Extravagant, Goofed, and Overdrawn. William Herbert remained a billionaire into the 21st century. The character of J. R. Ewing in the original TV series Dallas (1978–91) and the Duke Brothers in the movie Trading Places (1983) all drew inspiration from the Hunt family and their larger-than-life careers and personalities. +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? +Good morning San Diago, + +I am Rensole, + +Do you smell that? pass that! + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/fyovn831fau61.png?width=680&format=png&auto=webp&s=8553a0769e002c1296f071c3d82c800d627be4c9 + +As always none of this is financial advice, just a typewriter ape + +# Yolo with Domo + +[https://www.reddit.com/r/Superstonk/comments/mtnian/official\_ama\_justin\_dopierala\_founder\_and/](https://www.reddit.com/r/Superstonk/comments/mtnian/official_ama_justin_dopierala_founder_and/) + +today at 4:20 + +# DFV FUD + +Ok let's start with the obvious one in the room, I've seen loads of people/new accounts say DFV sold. + +No he didn't, why? he is a value investor, he sees deeper fucking value in a company, and it would be stupid to put this much in and pull out BEFORE the transformation of the company is over. + +So the argument of him having pulled out is nonsensical. + +He will at one day though because doing a stock market is to make money, but don't expect any value investor to stop halfway through. + +https://preview.redd.it/5kk3rbmifau61.jpg?width=960&format=pjpg&auto=webp&s=4cf73fc2a0b5c982c876d63b2bb74503aa6aee70 + +# Twitcher offered a 1000 to lie, lied yo + +People were quick to jump on this but the dude who said he was offered a 1000 bucks to post bad shit about GME was lying, again be sceptical even if it feeds into your bias. + +the post got removed, as the person himself confirmed later that it was fake. + +&#x200B; + +https://preview.redd.it/4kbktjbbgau61.png?width=640&format=png&auto=webp&s=7ef84f21d959c5958fa231405c0e792d7cba35c0 + +# Team for the man with a plan + +[https://www.sec.gov/news/press-release/2021-68](https://www.sec.gov/news/press-release/2021-68) + +Gary named his initial team, give it a read and know who you'll be working with. + +Again yes I know the SEC had been lacks to say the least, but again I believe that this guy can bring big changes. + +Also a brief overview of the recent filings. + +[https://www.reddit.com/r/Superstonk/comments/msh5mt/a\_brief\_overview\_of\_recent\_filings\_from\_the\_dtc/gv61tmd/?context=3](https://www.reddit.com/r/Superstonk/comments/msh5mt/a_brief_overview_of_recent_filings_from_the_dtc/gv61tmd/?context=3) + +https://preview.redd.it/mqdfevbqgau61.jpg?width=660&format=pjpg&auto=webp&s=ab21c159ab44463e5619d180050424f89c26daf8 + +# MacD + +good thread about MacD + +[https://www.reddit.com/r/Superstonk/comments/mu5m16/macd\_on\_gme\_is\_showing\_bullish\_signs/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/mu5m16/macd_on_gme_is_showing_bullish_signs/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +[Not sure if the correlation is caustation](https://preview.redd.it/pkf3emfliau61.png?width=828&format=png&auto=webp&s=bf929a22cad13a01a95537f3c0dc3f79c9536117) + +# 60% of the time time it works a 100% of the time + +6 out of 7 of the biggest american banks have made a statement in the past week. + +Give it a decent read. + +[https://www.reddit.com/r/Superstonk/comments/mu8a5m/6\_out\_of\_the\_7\_top\_listed\_us\_banks\_have\_made/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/mu8a5m/6_out_of_the_7_top_listed_us_banks_have_made/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +hmmm [https://www.reddit.com/r/Superstonk/comments/mty87p/domino\_effect\_drumroll\_whos\_next/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/mty87p/domino_effect_drumroll_whos_next/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) ?? + +&#x200B; + +&#x200B; + +https://preview.redd.it/1szuo8pciau61.png?width=380&format=png&auto=webp&s=b73f21d1d0237d18640fe4c5909596714ede6ffb + +# They're watching + +[https://www.reddit.com/r/GME/comments/mu6a4n/psa\_remember\_hfs\_are\_watching\_us\_dont\_give\_them/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/GME/comments/mu6a4n/psa_remember_hfs_are_watching_us_dont_give_them/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +So as that thread stipulates they are watching us, I mean I would if I were them. look at all the free data we offer them + +but we are doing the same + +[https://www.reddit.com/r/Superstonk/comments/mug1th/citadels\_late\_night\_google\_searches/gv6d1x4/?context=3](https://www.reddit.com/r/Superstonk/comments/mug1th/citadels_late_night_google_searches/gv6d1x4/?context=3) + +Again not sure how accurate those google results are but interesting none the less. + +&#x200B; + +Can't stop won't stop + +[https://www.reddit.com/r/Superstonk/comments/mu6y3m/𝗚𝗮𝗺𝗲𝗦𝘁𝗼𝗽\_𝗘𝘅𝗲𝗰𝘂𝘁𝗶𝘃𝗲\_𝗧𝗲𝗮𝗺\_𝗕𝗼𝗮𝗿𝗱\_𝗼𝗳\_𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿𝘀\_𝗨𝗣𝗗𝗔𝗧𝗘𝗦/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/mu6y3m/𝗚𝗮𝗺𝗲𝗦𝘁𝗼𝗽_𝗘𝘅𝗲𝗰𝘂𝘁𝗶𝘃𝗲_𝗧𝗲𝗮𝗺_𝗕𝗼𝗮𝗿𝗱_𝗼𝗳_𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿𝘀_𝗨𝗣𝗗𝗔𝗧𝗘𝗦/?utm_source=share&utm_medium=web2x&context=3) + +NEW GAMESTOP + +&#x200B; + +&#x200B; + +https://preview.redd.it/g69yaf7klau61.png?width=256&format=png&auto=webp&s=02221009c8b259515a07195b05ed338aa95a76e6 + +So at this point you might think "ok Rennie, it's missing it's OOMPH today", and you're right I've been focussing on something else, yesterday I got pulled aside by some friends and how r/superstonk is looking right now and I had to take a good hard look at the sub and the mentality we hold. + +And I personally didn't like some of the stuff I've seen, people who are trying to help are getting called shill because they come with lower numbers, people who want to help and immediately getting kicked to the side as shill, this is not what I want guys. + +Again we need to keep our head straight and look at every possible scenario. + +**None of this is financial advice, but I do feel people should examine their risk/rewards.** + +I know many of us will jerk react to what I am about to say and think it is FUD, but I feel it is something we need to explore as the MOASS is impending. There are several things that you need to know when it comes to extremely high market volatility. Selling isn't as easy as pressing "sell at market" and expecting the number you "sold at" to appear in your brokerage account. When trading in extremely volatile conditions, like the upcoming squeeze, it's important to know exactly HOW to exit your position and not fall victim to these traps. + +**I know that the DD on this sub is good but in trading nothing is a 100% guaranteed** + +This is not meant as FUD in any way, but rather to get everyone to think about their own positions and what they want to do, and how they want to do it. also if possible to get people talking and have different conversations so people make an educated estimation/decision of what they want and how they want it. + +**This is a personal choice for everyone, so listen to your own logic, reasoning and research.** + +I've seen a lot of people talk of 100 million is a "sure thing", I'm sorry I know you all like this but I want everybody to be grounded for this. + +The statistical probability this will even reach 1 million is an anomaly, I'm not saying it won't happen I'm saying in my personal opinion I don't expect to reach that level. Yes I know the memes of 1 million and everything, but let's be honest there is a high likelihood that before that happens the government would step in, the nasdaq would stop trading or something else can happen. + +We do not know how far it will go. + +And just as much the [gmefloor.com](https://gmefloor.com/) thing, please realise it's a meme. + +The thing is with a short squeeze it is impossible to know how high it can, or will go to or how long it will last, I've seen people post it would be minutes, I've seen others post that it will be days. One thing I do have to say is that I rethought my own exit strategy, it used to be "catching the falling knife" but it has changed as I think it would be closer to catching a falling piano. + +so this leads me to my other point. + +Everyone here should evaluate **their own** Risk vs reward situation. + +And at the same time I'd ask you to be realistic, no one knows what will happen and anyone telling you that ANY price is a 100% is wrong. We can have all the specific indications for a Moass/squeeze but we don't know what will happen. + +So in order for people to make a well educated decisions on their own stock they should ask themselves some questions. + +1. how much money do I want to make with this stock +2. how high can it go? +3. how much can I afford to lose? (for example if the stock goes back down at some point) + +\^ these are important questions that people need to ask themselves and act on them. + +An exit strategy for me is covering my initial cost of investing at a "lower hanging fruit" number, when it squeezes, as it's more likely I'll cover that point, from that point on I can let it ride to higher numbers and be sure I'm playing with the house's money. (this means lowering exposure and still have a possibility of reward). + +&#x200B; + +**Everyone should think on his own how he or she wants to exit.** + +There is no perfect plan, unless you're DFV and you're the time traveler. + +But let's look at a few different versions of exit strategies. + +https://preview.redd.it/nqyzxkxamau61.png?width=600&format=png&auto=webp&s=d25af6b3270d19faee5f0df3b85b26a310c92223 + +**"The Tiered exit"** + +One I've heard a lot about is a "tiered exit" a tiered exit is putting everything in tiersfor example: + +15@ 10 + +10 @ 15 + +20@ 20 + +etc etc, this depends fully on how you want to place this and what you think is a logical step, this could be at 5000, a 10000 or any number whatsoever. **(remember I'm giving examples, I'm not setting numbers for you to follow).** + +Another exit strategy is + +https://preview.redd.it/utw7mkazlau61.png?width=1600&format=png&auto=webp&s=e26c4adbe667c2dc006505bd33b2b48b9d1bf91c + +**"The value investor"** + +This is what DFV did, he saw an opportunity with a company and invested on a number he thought the company would be low, but he will ride this to a certain set point for him and either cash out then, or do so in layers like in the tiered exit. + +This means he said to himself X number is low, I want to have Y number for returns etc etc, this is also called the long play. + +or how he got his name, seeking deeper value in things and seeing them before others do. + +But even DFV has a number set in his head where he want's to take profit. + +&#x200B; + +https://preview.redd.it/m43dw07umau61.png?width=1200&format=png&auto=webp&s=203f6be178ae92085ab49f0637408639f185276f + +Another would be + +"**the mixer"** + +The mixer is a simple concept of my own tbh, just take a bit from the **Tiered exit,** a bit off the **Value Investor**. + +You can choose to get some of your initial investment out at a certain point, have another part you want to leave with that company, and a part you'll sell at a higher point. + +Or any mix you'd like, remember this is fully up to you and up to your own risk assessment. + +Some examples of other exit strategies: + +[https://www.netpicks.com/trading-exits-vital/](https://www.netpicks.com/trading-exits-vital/) + +[https://www.investopedia.com/articles/active-trading/020915/mustknow-simple-effective-exit-trading-strategies.asp](https://www.investopedia.com/articles/active-trading/020915/mustknow-simple-effective-exit-trading-strategies.asp) + +[https://www.ig.com/en/trading-strategies/trading-exit-strategies--a-complete-guide-for-traders-210208](https://www.ig.com/en/trading-strategies/trading-exit-strategies--a-complete-guide-for-traders-210208) + +[https://www.jumpstarttrading.com/trading-exit-strategies/](https://www.jumpstarttrading.com/trading-exit-strategies/) + +There are loads of exit strategies out there, but be sure to research what is best for **YOU!** (seriously google is a thing people, use it, do your own DD and your own legwork). + +Again I don't question the DD at all, I do however think people here need to take a good hard look at their risk/reward system and at reasonable numbers, I personally don't think 10m is something that can happen, again I could be a 100% wrong and if it does hell I'll be just as excited as everyone else, I just think the chance of happening is low to none. + +What I am saying is what I've said before, you should not risk more than you are comfortable with. + +&#x200B; + +https://preview.redd.it/cdkr5x32nau61.png?width=462&format=png&auto=webp&s=cd02d4b9b9033840c294dd16a73f3ee0bec89cf0 + +Now something else I want to touch on. + +You have to realise that yeah sure it's all fun and games checking out all those buildings and what's going on in them, but what if we have one idiot in here that's mentally unstable?what if they think it's ok to go there and he hurts someone or worse? + +Seriously everyone have a sense of decorum. + +Do not under any circumstances pester the personal that works there, as these are still people who just have a job, you may not agree with what they have done but that's what the courts are for. + +we need to stay on our best behavior always, because we are better than they are. I want everyone to be logical and decent here, and everyone here does his or her own part in that. + +So I'm asking you please, PLEASE guys chill, we are in what people can say is a "high stress" situation, and tempers can run high. + +Don't call people SHILL because you don't agree with them, I've said before go into conversation with them and you may be able to learn why they think a certain way.If it's logic then you can learn, if it's a troll you'll notice soon enough.But don't kneejerk react that everyone who disagrees is wrong. + +&#x200B; + +https://preview.redd.it/oxpvu1oooau61.png?width=554&format=png&auto=webp&s=ca6e9670df6055dbb33a60d9ada07412f85bd0d4 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/lsyole5roau61.png?width=400&format=png&auto=webp&s=0f21c9bcfa23dfac3fc0b600741e9fdd2021973f + +Remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day I will be adding it here. + +backups: + +[https://gmebackup.tumblr.com/](https://gmebackup.tumblr.com/) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/HeyItsPixel1](https://twitter.com/HeyItsPixel1) + +[https://twitter.com/warden\_elite](https://twitter.com/warden_elite) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +And I'll be posting updates as they happen here: +in feb 2016, igmforum agreed that **Raise the federal minimum wage to $15 an hour.** + +is "BAD" + +[https://www.npr.org/sections/money/2016/02/26/468298576/economists-on-candidates-proposals-mostly-bad](https://www.npr.org/sections/money/2016/02/26/468298576/economists-on-candidates-proposals-mostly-bad) + +[https://epionline.org/wp-content/uploads/2019/03/EPI\_Feb2019\_MinWageSurvey-FINAL.pdf](https://epionline.org/wp-content/uploads/2019/03/EPI_Feb2019_MinWageSurvey-FINAL.pdf) + +" Most (88%) think an acceptable federal minimum wage should be less than $15, with 74% outright opposing raising it to $15 (strongly oppose, 61%; oppose somewhat, 13%). " from a feb 2019 opinion poll + +also, a july 2019 cbo analysis said 1.3 jobs could be wiped out + +[https://www.politico.com/story/2019/07/08/minimum-wage-bill-eliminate-13m-jobs-cbo-says-1400531](https://www.politico.com/story/2019/07/08/minimum-wage-bill-eliminate-13m-jobs-cbo-says-1400531) + +what do economists say about this july 2019 study that says that low income cities can handle a $15 federal minimum wage + +[https://irle.berkeley.edu/new-cwed-study-low-wage-areas-can-afford-15-hr-minimum-wage/](https://irle.berkeley.edu/new-cwed-study-low-wage-areas-can-afford-15-hr-minimum-wage/) + +isnt a thicc eitc more helpful than a $15 federal MW? but i am no economist. +Posting here cause a lot of people requested it and it is pretty long. First half gives the very basics of options 2nd half the 11 steps of the wheel. Please note I am not an advisor this is not investing advice I am just giving some education here. Green is the tastiest crayon... Have only been doing the wheel myself for 2 weeks now but it has been a good 2 weeks... + +&#x200B; + +I wrote this about a week ago when GME was $50... + +&#x200B; + + + +THE WHEEL: + +Section 1: How options work. + +There are two types of options, CALLS and PUTS. I am going to use Gamestop at $50 a share to use as and example to explain how these work. + +If you BUY a CALL you have the right to buy 100 shares of the stock at a certain price (the strike price) by a set time which is determined by the expiration date. You are not required to actually buy the stock, only if you want to. + +Example: A $40 Gamestop call with expiration of 2/26. + +The value of the call is determined by: + +1) Intrinsic value (= stock price – strike price). In the case above strike is $40 the intrinsic value would be $50-$40=$10 per share. Options only have intrinsic value if they are IN THE MONEY meaning the strike price is lower than the stock price + +2) Time value – the time value is determined by the amount of time you have before option expires + +3) Price of stock. The higher the stock goes to with everything else being equal all options go up in price + +4) Volatility – which is to say how much the stock moves per day. If gamestock were only moving an average of $1 a day it would have very little time/volatility value. If it moves $10 per day it will have a lot more. If you have shares that are OUT OF THE MONEY (which means the strike price is higher than stock price) the volatility/time value can go up or down very quickly. + +Required funds/margin. Buying a call requires no margin. It only requires you pay the price to buy the option. The most you can loose is your initial investment if you do not utilize the option before the expiration date in which case the option expires worthless. 90 percent of call options expire worthlesst. + +If you SELL a CALL: you are OBLIGATED to sell 100 shares of stock at the strike price IF the buyer decides to buy the stock. + +Required funds to sell, none you actually get money. Margin required: you have to have 100 shares of the stock to cover the call in case you have to sell the shares. In most accounts you can only sell calls if they are covered with shares. This is called a COVERED CALL. + +In this case one of two things will happen: + +1) The option will expire worthless if the stock finishes at the day of expiration at or below the strike price. If this happens the premium you got for selling the option you GET TO KEEP FOR FREE! + +2) You will be force to sell you shares at the strike price. In the case above (which would NOT be recommended for selling a covered call) you would have to sell your 100 shares of gamestop for $40. Please note if you have to sell the shares you STILL get to keep the premium you got for selling the call. + +If you BUY a PUT: you have the right to SELL 100 shares of the stock for the strike price. You are not required to, you get to choose. So if you buy a $40 put you can sell your shares of gamestop for $40 no matter what the price of the stock is. + +There is no margin to BUY a PUT just need the money of the cost of the PUT. The max you can loose is the price you paid for the PUT. 90 percent of all puts expire worthless!!! + +The value of the PUT is the same as a call except that the intrinsic value = strike price – stock price and the value of the PUT goes up as the stock goes down. + +If you SELL a PUT\*\*\*\*: you are obligated to BUY 100 shares of the stock at the strike price. Basically you are putting in a limit order to buy, AND GETTING PAID TO DO SO!!! For the above example I would have to buy the 100 shares of Gamestop at $40 per share that the buyer of the PUT is selling. + +If you sell a put that has a lower strike price than the stock price the following could happen: + +1) Stock price goes up and the value of the put crashes. + +2) Stock goes nowhere in price and the time value slowly goes away, PUT expires worthless. + +3) Stock goes DOWN, but not enough for the stock to get to be lower in price than your strike price + +4) Stock goes DOWN a LOT and so at expiration the stock is lower in price than the strike price. + +If 1,2, or 3 happens the option expires worthless. YOU GET TO KEEP THE PREMIUM YOU COLLECTED FOR SELLNG THE PUT. FREE MONEY! + +If 4 happens you buy 100 shares of the stock at the strike price. + +No money is require to sell the stock. HOWEVER, a lot of margin is required. You must have money in your account (after you collect the money for selling the option) equal to 100 time the strike price (i.e. enough money to buy those 100 shares at the strike price). In the case above for the $40 put for each put you sell you must have 40\*100=$4000 in account. If you sell the option for $5 per share ($500 for the contract as 5\*100=500) you will have to have $3500 of your own money in the account that you will not be able to do anything else with as long as you are short the put. + +Section 2: How the wheel works. + +Now that you understand how options work now lets go over the steps for the wheel: + +Step 1: Find a stock that you would like to own if the price was low enough. + +Find a stock you believe in for short term and long term. It is better if you use a stock that is also volatile because the option prices will be high and you make better returns (so you don’t want to do this with dividend stocks that have very low volatility). + +Step 2: Determine the price you would be happy buying it. You will want a price as close to possible to the current price. The further in price you set away from the current price the less likely you will be to end up with shares HOWEVER you will also get a lot less money. Note that as you get away from current price the price of the options decrease at an EXPONETIAL RATE. I recommend using a price 10-30% below current stock price unless you are selling one day before expiration. You want a price you don’t think it will actually get to by expiration but want to be as close to that as possible. + +Step 3: Determine the timeframe. You will want to pick expiration of a few weeks but you may find that one week is best sometimes you may need 2-3 weeks. The point is you want that time value to drop as FAST as possible. + +Step 4: Sell the puts. Collect that premium. You can choose your risk tolerance and how fast you want to profit. I would recommend that the price of the option should be at least 1% of the strike price because then your profit will be 1%. + +Step 5 (optional): If the price of the option falls by 90% then buy back the put. No need to hold it to expiration to get that last drop of profit. You will make more money by selling a new put. If you use this step after step 5 return back to STEP 1. + +Step 6 (if you do not do step 5): Option expires worthless. Book your profits in your journal. Congrats! No, go back to STEP 1, rinse and repeat. You can do the same stock, or do a new one. + +Step 7 (if neither step 5 or 6 occur, this is aka the worst case scenario, sort of): This step occurs if and only if the price of the stock actually falls below your strike price and you were forced to buy the stock. Oh no, the horror, the horror. + +Never fear now we flip to the other half of the WHEEL. Now we go from selling PUTs to selling CALLs. + +FUN FACT: It is very possible I actually just bought the stock for effectively a LOWER price than if I had just waited and bought it. Lets say in our example above I sold $40 gamestop puts and gamestop drops to $39. I buy a $39 stock for $40 BUT lets say I sold the options for $3 a share. In this case my actual effective price of the stock is actually only $37 because I was paid $3 to buy it for $40. I effectively bought it for less than current price. I am oddly enough still ahead in this trade so far. As long as gamestop does not fall to under $37 I am still in the green. + +Step 8: Decide how much you think the stock will go up in that week. The goal here is to actually sell the stock using the calls and getting those premiums and get paid for each week that you don’t sell. We are going to be usually 10% or less above stock price so we can get even higher premiums that we did when we were selling puts. + +NOTE: your strike price for calls should be AT OR ABOVE what you bought the stock for so that you don’t loose money. It is okay if it takes a few weeks or even a few months to get it back to your buy price. If you don’t think the stock can do that, you should not have sold those puts in the first place. This is why we have to pick a stock we believe in. + +Step 9 (optional): If the call you sold decreases in value by more than 90% you can buy it back then sell another option for a later out expiration or maybe at a lower strike price. Return to STEP 8 + +Step 10 (If step 9 does not occur): option expires worthless. You get to keep that sweet premium for FREE. Return to STEP 8 + +Step 11: FINAL STEP + +If the stock finishes at or above your strike price you will be forced to sell the stock at the strike price, oh darn. + +Fun fact: If I bought Gamestop at $40 as example above and decided it would go to $60 and sold a $60 call for say $3 and the stock went to $61 I actually make MORE money by using the call to sell it. Yes I just sold the $61 stock for $60 but I was paid $3 to do it so I actually effectively sold the stock for $63! More green for me! + +Once you finish with Step 11 guess what, you are going to go ALL THE WAY TO STEP 1 and do the wheel again! +It goes against years of finance education, but you gotta have some skin in the game right? Hope you apes are right! Bought on IEX for $138.805. + +https://i.redd.it/coamjyk9zoy61.gif +I’m hoping to max out my 401k and IRAs for the first time this year, which has been a slow build since my first 403b when I got out of college. Start early! +**TL;DR— Let's make space here for decompression so that the pressure cooker doesn't blow during the MOASS and potentially hurt us all.** + +**TL;DR the TL;DR— Lonely 🦍 📄 🤚. Understood 🦍 💎 ✋. 🦍 🦍 see you. ❤️** + +Here's the deal. I'm an LPC and a trained trauma therapist, both acute and developmental. This is an incredibly stressful situation we're dealing with, here, and I think it's remarkable how this community as a whole has dealt with constant negativity from the outside and how we've leaned on each other in a meaningful way. I've seen real, actual relationships formed here. So let's talk about our feelings, here. + +I'll be blunt. These rich douchebags are incredible at ruining hype and optimism, because it really seems like they take care to make sure they're interfering at just the right times. Like many of us, I've been through January. I've been through March. I fully expected this kind of thing to keep happening, and there was a big part of me that just \*knew\* that the start of the day was going to be low, despite us being in a comparably amazing position (Like, $250 is incredible!). + +But how many new people haven't had that opportunity to forge that perspective? Look. We've been saying for days that we needed to be prepared for a dip or crash like this, and that it would be artificial in nature. It didn't stop me from being \*hopeful\*, though, that the upward trend would continue uninterrupted, and the dip this morning didn't stop me from being \*disappointed\*, despite my understanding of what's actually happening. I appreciate how we focus a lot around here on the technical side of things, and the DD and education that goes on has honestly been worth the price of buy-in alone. We seem to be opening up even bigger and bigger cans of worms, though, with increasingly profound implications for broader swaths of our society and life. And as we barrel towards what feels like a conclusion of sorts, the stakes feel higher than ever to a lot of us. + +There's a psychological phenomenon called the ["Goal Gradient Hypothesis"](https://fs.blog/2016/10/goal-gradient-hypothesis/), which is basically that the closer you get to the finish line, the more effort you put in and the faster you go. There's also a separate phenomenon that I can't quickly cite that says the closer you are to the finish line, the more frustrated you you'll get when encounter an obstacle relative to same event happening at the start of the race. + +We've been running a long time. It feels close. The community is stepping up and buying more, holding tighter, researching harder, and running faster. As we get closer, they're going to step up their FUD game, too. And I think we could use a thread like this to talk about it or even to just vent. + +**EDIT:** Wow. This, uh... This blew up in a way that I really didn't expect, but I'm super happy that this has apparently been able to address an unmet need in our community! A lot of you have posted some pretty personal stuff, and I just want to say that I'm grateful that you've felt safe enough to do so here. A bunch of you have also been incredibly supportive of each other (duh), too, and that's great to see. There have also been a few intensely negative responses, and there's space for that, too! Regardless, I have read every single response because I'm a huge nerd, and I will probably continue to do so. + +**EDIT 2:** Just some incredibly brief and crude psychoeducation. We all have three primary needs from every relationship we have in life: + +Security - Associating with you is not going to result in social or physical harm to meConnection - I want to feel understood and accepted for who I am, not what I can do for youEmpowerment - I want to feel like my voice matters, and that I have personal power in this dynamic + +(SEC\*, for easy remembrance.) + +Depending on how these needs were met or unmet throughout our childhood, we as individuals have varying sensitivities to these needs. But even now, if something is upsetting your or at least isn't sitting right with you, you can take a look at your emotional experience of the moment to figure out which of these 3 SEC needs is missing: + +Lack of security? Fear. (And what does fear help us do? Receive reassurance from others, which fulfills the missing need for security.)Lack of connection? Sadness. (And what does sadness get us? An outpouring of comfort and community, usually, which fulfills the missing need for connection.)Lack of empowerment? Anger. (And what does anger get us? Control of the dynamic, which fulfills the missing need for empowerment). + +I'm just gonna invite you to notice your emotional experience of this whole thing, especially the sticking points, and see maybe what your "mix" is. Mostly anger with some sadness and fear? Then you're probably mostly missing empowerment, with a hint of insecurity and loneliness. And if that's the case, what do you know you can do personally to help yourself feel more in control of your experience? Maybe read a little, maybe go for a walk, maybe go make some sort of choice for yourself. Whatever. + +Hope this adds some perspective! + +**EDIT 3:** Seen some talk about contemplating suicide. As always, please seek help if there's intent and a plan (those were the admission criteria when I was the psych screener at a hospital). Just wanted to offer, though, that one way that people tend to deal with unempowerment is to check out/withdraw, and that suicidal ideation is usually an extreme version of that. If you're contemplating suicide, it's likely you feel trapped or that nothing matters. I would encourage you to read a comic book from when you were a kid (my favorite is Calvin and Hobbs) and revel in the nostalgia, when things hopefully felt more under control. When you're back in that headspace, go try to choose as many different things as you can; choose something maybe new or comforting to eat, and then choose someplace different in your room to sleep that night, or rearrange your furniture. Just something that gives you a clear choice over your situation. It tends to help the pressure ease up! + +\*>!Dicks.!< +Got a huge raise and can finally start having money left over after bills. It feels surreal but I signed the paperwork yesterday. I even celebrated with a potluck with my friends. I still feel like someone's gonna tell me it's a dream but it'll feel real soon enough :) +https://www.cnbc.com/2019/08/29/fast-food-restaurants-in-america-are-losing-100percent-of-workers-every-year.html + +Not big news but with McDonald's moving towards automation does that increase revenue due to not having to pay people who take orders? + +I know there will have be money being spent on upkeep of the kiosks but it has to be much more profitable than paying workers right? + +Is McDonald's a buy? +Hello world, this is the unpaid media news you were waiting for. + +Headline of the day: GME is up 8.17% on no news, start asking yourself why. + +For more information, browse this sub. Ask yourself why a stock rises on no news and try to inform yourself about the stock market and the companies you are invested in. + +Have a good week and don’t forget to DRS. + +See you soon on the moon. 🦧❤️ + +Edit: Webull just updated to 8.19% (thanks to u/Gifou). + +Edit 2: There was a GameStop news today ([GME news](https://www.macobserver.com/news/randy-teele-joins-gamestop/) ) thanks to u/BluPrince. Make up your own mind if this is why GME rose 8.19% today. +ECONOMICS 101 generally suggest nationalisation leads to inefficiency and following on from this understanding, there is often a lot of opposition to nationalising certain industries. + +How about the nationalisation of farms, manufacturing and similar industries. Have these been successfully achieved? +Three instances I came across recently when someone looking for a home loan was sold some other stuff they didn't need. Only one of the stories has a happy ending! + +1. Santosh applied for a home loan in 2015, and was cross-sold a premium credit card with annual fee Rs. 5000, and a Rs. 5000 welcome voucher. Santosh was not interested in either of the products, but Bank claimed that having credit card will ease his home loan process. He had to get the credit card. + +1 month after card was issued, the bank sent a statement for Rs. 5000, which Santosh ignored saying that he didn't want the card anyway. He never used the card or the voucher. + +Since then, the bank has sent a message to him to clear the balance every month, which Santosh has happily ignored. He felt that since he's never used the card, he can get away with not paying the amount. + +The good news is that the bank has not applied any interest on this outstanding, so even after 6 years the outstanding is only Rs. 5000. + +The bad news is that Santosh's credit score is 611, even though he has paid back the home loan installments on time across the same period from 2015. + +update: Santosh paid the 5000 due on his card today. Bank has promised to inform credit rating agency that account is no longer NPA, and to close the account. However, I expect atleast 2-3 years for his credit score to improve. + +&#x200B; + +2) Rajesh was getting a home loan, and was cross-sold a critical illness policy. This policy pays a lumpsum if you are diagnosed with any of 9 pre-defined critical illnesses, with a hefty one time premium of Rs. 2.26L. Unfortunately Rajesh did not take the time to understand what the policy covered, and the bank was least interested in explaining it to him. + +In 2021, Rajesh passed away due to Covid19 + other complications. Insurance company declined the claim, since he did not pass away to any of the nine listed illnesses. Family was under the impression that Rajesh had a pure term insurance, and had a rude shock when they realized it was a very different policy. + +I suggested family to go to Insurance ombudsman, but they may not have great odds. Ombudsman is likely to say the insured person should have understood the policy, and insurer is perfectly within their rights to deny the claim. To my knowledge, family has not approached ombudsman so far. + +&#x200B; + +3) Ashwini was applying for a home loan, and bank was pressuring her to take a term insurance policy. Ashwini did not want to since she already had sufficient term cover, but bank claimed having a term policy will ease the loan process. After some arguing, they offered to cancel the policy and refund the premium after the loan is sanctioned. But they still insisted on her getting the policy. + +Her husband is a MFD, and he made sure to get this in writing from the bank before going ahead with the loan process. He was successful in getting the amount refunded after 6 months and lots of follow up. Being from the industry makes you aware of dirty tricks in the business! ;-) + +&#x200B; + +Learning: make it a point to see each and every document that your bank makes you sign. If you are being cross-sold any product, make sure you understand what the product is, and what are the costs on you. + +(names changed to protect privacy) + +&#x200B; + +edit: thank you for 300+ upvotes! +[https://pdfhost.io/v/lRQ4HqpG0\_House\_of\_Cards\_Atobitt.pdf](https://pdfhost.io/v/lRQ4HqpG0_House_of_Cards_Atobitt.pdf) + +BIIIIIIGGGG shoutout to u/Softlykile2 for providing the link and u/jupitair for the post. Go forth and share across all of the interwebs. Let every boomer-ape absorb this information through a traditional & newspapery medium. +I think that might be the most outraged I’ve ever been, it continues to stick in my craw. And for me that’s the day everyone on the other side of this trade signed their own symbolic death warrants. I will never back down or give in to that sort of tyranny in the supposedly free United States. +# Good Morning Fellow MOASS Enthusiasts. + +Its been a while since I have felt compelled to make a post that isn't complete nonsense and I do hope it jacks your tits. + +*DISCLAIMER 1. I am not a financial advisor, I have 16 months of trading experience which consists of buying GME, DRSing GME, holding GME and spending an inordinate amount of time reading shitpost's on Superstonk. I also love tinfoil.* + +*DISCLAIMER 2. I am going to talk about another stock here. Mods pls dont delete. Everything we discuss here will be with the sole purpose of comparing the similarities to GME and the situation we currently find ourselves in.* + +With the formalities out of the way, lets move on. + +# Part 1. What the fuck is happening right now? + +Ok here's how I see it: + +The board have announced the date of the shareholders meeting as of June. GME holders at the record date of have been asked to vote on a number of things, the most important being to increase the the number of shares they can distribute from the current 300m to a total of 1 billion. The board say this is so they can split the stock by way of dividend and also retain some on hand to give out as employee/director compensation. + +We are not voting on a stock split. + +I have seen this a lot so it bears repeating. We are voting to increase the number of shares the board can distribute by way of a stock split. The board could right now do a split of 3:1 without a vote. This signifies their intention is to split the stock at a higher ratio. + +[https://news.gamestop.com/static-files/5af6f18f-71a0-45c6-a0c4-11ac4558c20e](https://news.gamestop.com/static-files/5af6f18f-71a0-45c6-a0c4-11ac4558c20e) + +https://preview.redd.it/txigzftgltx81.png?width=1917&format=png&auto=webp&s=40976539ac252054609c0f5ecf633509943e6da6 + +Aside from DRS, voting is THE SINGLE MOST IMPORTANT THING TO FOCUS ON RIGHT NOW. The board recommend voting "FOR" each line. That is what I have done personally. + +We have all seen the NFT marketplace and wallet developments and I don't intend to dwell on that too much here, other than to point out what I believe to be a very important factor in this. + +**GME ENTERTAINMENT LLC.** + +&#x200B; + +# PART 2. What the fuck is GME ENTERTAINMENT LLC? + +GME Entertainment LLC is a separate company that is the entity in the Gamestop NFT/Wallet terms and conditions here: + +[https://wallet.gamestop.com/terms](https://wallet.gamestop.com/terms) + +https://preview.redd.it/w0oduuepltx81.png?width=2554&format=png&auto=webp&s=5f32da1dd40f65ee4a20dceef855bc6ec1487c07 + +GME Entertainment LLC is the named counterparty in the IMX partnership agreement here: + +[https://news.gamestop.com/static-files/713417ad-e18f-4f2c-bc1c-312f536d8b36](https://news.gamestop.com/static-files/713417ad-e18f-4f2c-bc1c-312f536d8b36) + +https://preview.redd.it/5kkoc11sltx81.png?width=1922&format=png&auto=webp&s=58d6d8c082ab7dfdd1197e4467a6c8f5434ae48f + +OK. So we can clearly see the legal entity that will be responsible for the upcoming NFT marketplace, Wallet and whatever else RC is cooking up for us will be GME ENTERTAINMENT LLC. A separate entity from GameStop Corp. + +GME Entertainment is a subsidiary of GameStop Corp. + +&#x200B; + +[For the smooth brains in the back we are looking at the NOUN](https://preview.redd.it/j4mqabpdmtx81.png?width=1727&format=png&auto=webp&s=01f69cee9826e516ccca3347aec9ad896e2ad3a2) + +It is my firm belief we are about to see a Carve-Out of GME ENTERTAINMENT LLC. + +&#x200B; + +# PART 3. What the fuck is a Carve-Out? + +&#x200B; + +https://preview.redd.it/m3hoxrn4ntx81.png?width=918&format=png&auto=webp&s=e5c28f6bb8f7e5757c09e6024f4555de3ef5f323 + +But Sneak, why do you think we are going to see a carve out I hear you ask? + +Here is why: + +https://preview.redd.it/y3krbaenntx81.png?width=1545&format=png&auto=webp&s=633466b2e561bddb8f2f5e78e8d787f85da64588 + +This role was advertised by GameStop 6 months ago and is no longer listed on their site. + +[https://www.reddit.com/r/Superstonk/comments/qruywj/gamestop\_crypto\_company\_spinoff\_might\_be\_coming/](https://www.reddit.com/r/Superstonk/comments/qruywj/gamestop_crypto_company_spinoff_might_be_coming/) credit to this post for this snippet. + +We can clearly see GameStop looking for staff with Carve-Out experience and now we know more about GME ENTERTAINMENT LLC we can see, as usual, that the previous DD from the time was absolutely correct. + +&#x200B; + +# PART 4. What the fuck does this all mean? + +Honestly, this is the part where we move from fact to theory. Putting all tinfoil aside such as NFT dividend, fractionalised Wu Tang album and Tokenised Stock Market etc. I will give you my best guess scenario of what we are about to see and why I believe this. + +1. GameStop holds the annual shareholders meeting in June. +2. Voting results are counted and authorised shares goes from 300m to 1b shortly after. +3. NFT marketplace/Wallet etc is formally launched. +4. GME Entertainment LLC is Carved Out and its announced that shareholders will receive a number of shares in this company relative to how many they hold in GameStop Corp. +5. GameStop Corp price increases as people rush to secure shares in GME Entertainment LLC. +6. GamesStop Corp shares are split by way of dividend thereafter. + +It is my personal belief that there will be NO SUPRISES. RC is going to make public announcements on all of this well ahead of time. Everyone, including shorts, will be given plenty of advanced notice on what is going to happen. + +We have all read the DD, believe in MOASS, and have a good understanding of the repercussions this will have across the market. + +Put yourself in RC's shoes for a moment. You know that once this thing kicks off, shorts are fucked. You also know that this means many innocent bystanders with their 401k's and pensions sitting with these financial criminals are also fucked. We have seen how MSM like to twist the narrative and it is not a stretch to imagine that they will be looking for a scapegoat. + +If it was me, I would want to be able to stand there and say everyone had fair warning. Perhaps this is why we have seen RC building his own narrative with his Twitter statements on the economy recently. + +&#x200B; + +# PART 5. What the fuck is BBIG? + +Calm your tits. I am not pushing BBIG and I gave you a disclaimer at the start. I do not hold BBIG and do not care if you do. + +BBIG is a stock I see pushed about on other subs as a potential short squeeze candidate. + +I pay no attention to it generally but today I am compelled to discuss it for the reasons outlined below. + +BBIG rose 45% yesterday after hours (May 5th) on the announcement that "May 18, 2022 has been set as the record date for the dividend of shares of common stock of Cryptyde, Inc. ("Cryptyde") to be distributed to Vinco stockholders in order to effect the separation of Vinco and Cryptyde into two independent, publicly traded companies." + +[https://www.prnewswire.com/news-releases/vinco-sets-record-date-and-distribution-date-for-planned-business-separation-of-cryptyde-301541343.html](https://www.prnewswire.com/news-releases/vinco-sets-record-date-and-distribution-date-for-planned-business-separation-of-cryptyde-301541343.html) + +&#x200B; + +[spend your money on GME, dont even think about it \(not financial advice\)](https://preview.redd.it/9ayzoi9wttx81.png?width=1715&format=png&auto=webp&s=3759b40cbef6caaf424f0e619347972ab6a25486) + +As you can see, the similarities between BBIG and our potential GME ENTERTAINMENT LLC carve out are striking. BBIG is carving out its subsidiary Cryptyde and the announcement of the record date has caused a 45% jump in price on what is quite possibly one of the worst performing days on record. + +I am watching BBIG to see what happens next as it could give us an indication of what to expect should we see a carve out of our own. + +This could also be a fake out by SHF to dampen spirits so bear that in mind. (POPCORN NFT MK2). + +&#x200B; + +That's it from me today, I hope you enjoyed my ramblings and I look forward to the comments. + +Dont forget to BUY, HOLD, DRS and VOTE YOUR FUCKING SHARES IF YOU CAN. + +Stay frosty. +Hey all - 4 months start to finish on this deal. We bought it for 70k, closing costs 1.4k, cost of money borrowed was 5.3k, reno was 45k, and sale commissions were 12k. On a sale price of 200k, we made 66.3k. + +This deal still blows my mind away and I can't believe this was possible. Especially that I was able to do it part time while working a full time job with a family at home. + +Hope this inspires some new investors to take the leap and that everyone else is seeing great success out there! +What would happen in the US If most citizens stopped or refused to pay their credit cards, health bills, mortgages, student loans etc..? + +Would the economy crash or would the government step in? +Over the next 7 days I'm going to use just under 0.1 Bitcoin (0.0938) I have set aside from my portfolio to solely buy what El McAfee tells me to buy. It will be called the "7 days of Christmas challenge". Will post results in 7 days with a daily breakdown. + +I know hes a paid shill and I know they are all trash coins, I don't plan on holding any for more than a few minutes. I have absolutely nothing to do where I currently live so my plan is to leave his Twitter open while I play through Halo CE and borderlands 2. The moment he tweets some dribble and if it's on the exchange with my Bitcoin I'll buy immediately and sell after I'm happy with the profits. I'll compare to my main portfolio and see where it ends up. + +Edit: after some math I realised I only need to make 39% profit on each trade to achieve this. Fun fact, using similar math and a well known calculation you only need 10 trades/cycles of 7.2% gains to double your money! + +Edit 2: Added a name for this after lying in bed unable to sleep - The 7 days of Christmas challenge as it starts on Christmas day for me in Australia. + +Edit 3: RIP inbox, away from home for Christmas so waking up on Christmas morning to so many comments albeit remind me in 1 week was pretty cool. + +4: Day 1 was a failure, not on cryptopia like all the past ones. tried it with some money I had on bittrex but it truly seems bots have taken over and instantly cause connection issues when you go to that exchange pair.... + +Also thank you for the Reddit gold kind stranger, was a nice Christmas present :), this individual a long with 4 others have asked me to add a dogecoin address for future projects so I have. + +To be clear I am not asking for donations or money at all, anything donated will be stored and eventually donated to charity. If I actually get some donations to this address I'm thinking id run a poll for the community to vote to determine where the coins should be invested. After a year of hodling and perhaps several more polls to adjust the portfolio any money will be donated to charity. Again I have been asked to do this and replied to these people saying I don't want to look like I'm asking for money, I do however think this would be a cool idea to have a community run portfolio to give to needy causes. + +Dogecoin - D6CXrdL7H85rBwA5UiQGTBad36SiexmXEy + +Edit: incase you guys haven't realised I already made an updated post, at work so I can't really find it right now. I have given up since he no longer is doing daily coin posts... +&#x200B; + +One of the reasons many traders here love the wheel is because of the 'second chance' feeling you get from being assigned stock. But is this really an advantage? Or is it just a trick? We can look deeper by running through a hypothetical scenario selling puts in a cash settled index like the SPX. No charts this time, just a thought experiment + +&#x200B; + +You're Mr. Moneybags and you have a very large account. You've been going all-in selling SPY puts and it's great. You either make money or buy cheap shares. You really can't lose! + +One day, you're friend The Tax Master tells you about SPX and how you can get that sweet sweet 1256. But after doing some more research, you find out that SPX is completely cash settled. That means if SPX closes past your short strike, you have to eat the loss. No shares. Some traders might choose not to trade the SPX over SPY for this very reason. Well what if I told you that assignment was meaningless? + +**Example:** + +**-10x SPY 370p @ $5.00** = $5,000 credit, **$365** cost basis/share upon assignment. Regardless of what price SPY drops to, your cost basis will always be $365 upon assignment + +**-1x** **SPX 3700p @ $50.00** = $5,000 credit + +* **SPX** goes to 3600. Your position settles for a $10,000 loss, minus $5,000 from the credit you collected = a $5,000 realized loss. But now SPY is at 360. You can just buy it at the 360 price to get the same notional as if you had just sold the SPY puts. $360,000 + the $5,000 loss = **$365** cost basis/share upon assignment +* Let's look at another scenario. **SPX** goes to 3000. Your position settles for a $70,000 loss, minus the $5,000 credit = $65,000 realized loss. You can now buy SPY at 300 a share, leaving your net cost basis upon assignment at $300,000 + $65,000 realized loss = **$365/share** + +I think you know where this is going. No matter what price SPX/SPY drop to, as long as you can buy shares, it's practically the same as getting assigned. And this doesn't just apply to cash settled products, or even just to the wheel. All you're doing is entering a new position after taking a loss. You can do that at any time + +For instance, let's say you wanted to sell a put in an underlying, but were fearful of a pullback. You could buy a further OTM put, creating a put credit spread. This doesn't mean you can't get your shares: just close the spread on the day of expiration and buy 100 shares of the underlying. It will be almost exactly the same as getting assigned, except the long put will define your risk, and you'll collect less premium + +**Unless you're so busy that you can't check on your portfolio once a week or so, there's really no advantage to assignment. In my opinion, it should almost never be taken into consideration when choosing a strategy** +I'm just now going through my grandparent's desk and I found a stock certificate they bought in 1988 for Meredith Corp for 6,722 shares. How do I cash this in? After all this time is it even worth anything? +We’ve seen a lot of charity coins but this might be the best, with $90k donated in the last few weeks and a new donation every Friday, $HAPPY is proving its worth every day. + +Not only this but it’s been listed on WhiteBit last week, a big Centralized Exchange which is attracting a lot of newcomers and people interested in coins with tax distribution. + +You can profit by holding happy, as they reward holders with a 5% transaction tax which puts HAPPY directly into your wallet every time someone buys or sells. This basically means that every transaction someone makes benefits all holders, and everyone gets a share of his buy or sell. + +Now for some MAJOR NEWS. + +The founder of $HAPPY coin is heading out to Los Angeles THIS WEEK to market happy to some HUGE influencers. Currently he is talking to Jesse Wellens (10Mil Subs on YT… good friends with CASEY NEISTAT) on how they can promote $HAPPY, and with much more in the works that is hush hush for now. + +Website: http://thehappycoin.co + +Chart: https://charts.bogged.finance/?token=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D + +PancakeSwap: https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D + +Twitter: http://twitter.com/the_happy_coin + +Telegram: http://t.me/happy_coinTG + +Twitch: https://www.twitch.tv/watchhappycoin +Posting this on request of OP who has started a finance in India newsletter and isn't able to post here because of lack of karma. Original link - [https://boringmoney.substack.com/p/byjus-raises-some-money](https://boringmoney.substack.com/p/byjus-raises-some-money) + +If you’re a startup looking to raise money, the regular way to go about it would be to find new investors, tell them about how cool your startup is, share some numbers that show how much time people are spending on your app or whatever. If the investors are happy, they’ll commit some money. + +Next, you go to your old investors, those that gave you money when you were younger. You tell them about how you’ve just secured funding from new investors[1](https://boringmoney.substack.com/p/byjus-raises-some-money#footnote-1) and also ask them to chip in a bit for your round. + +The purpose of going to the *new* investors was to actually get the money you need. They are the ones that “lead” the funding round. The reason you go to your *old* investors is because the new investors are usually happy and feel safe if the old investors participate again. What you (and the new investors) need isn’t their money but their vote of confidence. The old investors are saying to the new investors “we’ve been with this kiddo long enough to trust him, look here’s some more money”. + +What happens if you’re a startup and the market that you’re in is in total disarray, your revenue flat, your losses up 14X, your auditors have threatened to resign, and your general reputation is just bad.. but you also need to raise some money? + +If you go to new investors, they’ll probably ask you uncomfortable questions about your financials and whatever else in the news. Maybe ask for a discount in your company valuation. So you just go to your existing investors instead. + +From [Moneycontrol last week](https://www.moneycontrol.com/news/business/startup/byjus-raises-250-million-from-existing-investors-in-a-fresh-round-led-by-qia-9341981.html): + +>**Edtech unicorn Byju's has raised $250 million in a new funding round from existing investors including Qatar Investment Authority (QIA) at a $22 billion valuation.**  This comes a week after the company announced that it would be laying off more than 2,500 people. +> +>**New investors offered the company a valuation of $11-12 billion after its results were released last month**, but Byju's did not raise money at that valuation, a person directly familiar with Byju's fundraising plans told Moneycontrol. +> +>Over the past 12 months, secondary sales of Byju's shares have happened at a valuation between $16 and $17 billion, while all primary fundraises have happened at a valuation of $22 billion since March of this year, according to the person cited above. A little more than $250 million was raised in primary funding during this round, the person added. + +Byju’s needed some cash. New investors wanted a 50% discount. So Byju’s preferred going to existing investors and raising $250m from them instead. + +If you’re an investor in a company and the founder comes to you asking for more money, your general happiness level depends on three things: + +1. The obvious: your investee[2](https://boringmoney.substack.com/p/byjus-raises-some-money#footnote-2) company’s growth numbers and financial health +2. Market enthusiasm in the specific space the company operates in +3. Maybe the most important in the early-stage investing world—if the founders have managed to get other investors on board[3](https://boringmoney.substack.com/p/byjus-raises-some-money#footnote-3) + +If you’re a Byju’s investor, you know that (2) isn’t on your side. Enthusiasm to invest in tech and *especially* edtech is down. 2 years ago when students replaced school with screens, venture capitalists figured that this was the future. Once schools started, students went back. So did investor sentiment in edtech. You also know that Byju’s [isn’t in the best of financial health](https://entrackr.com/2022/10/decoding-byjus-fy21-numbers-past-imperfect-future-tense/). Revenue is flat, expenses are up, etc, etc. So (1) isn’t on your side either. + +Now imagine when the founder tells you that they couldn’t really find a new investor without giving them a massive discount. You’re going to be quite unhappy. + +Startup investing has a large social proof element to it. You might think that finance is all about numbers and statistics and spreadsheets, but when you’re making multi-billion dollar bets on companies just a few years old, there aren’t always a lot of numbers to analyse and outside validation holds a lot of value. No one wants to be the sucker holding the bag at the end (not alone, at least). + +You’re now faced with a choice: do you fund this company and help it survive—or do you refuse and look at while it slowly dies? If the company dies, you lose your entire investment. It’s a bit of a no-brainer to just put in some more cash into this company. To date, there is $5 billion (more than ₹40,000 crores) riding on Byju’s. You don’t want 5% of that to be the reason it dies! + +But there is *no way in hell* you wouldn’t insist on a discount. + +When news outlets reported last week that Byju’s raised $250 million they cited an anonymous source to say that it was [at the same $22 billion valuation](https://techcrunch.com/2022/10/17/indian-edtech-giant-byjus-raises-250-million-in-fresh-funding/#:~:text=The%20new%20funding%20valued%20the%20Bengaluru%2Dheadquartered%20startup%20at%20%2422%20billion%2C%20the%20same%20figure%20at%20which%20it%20raised%20a%20financing%20round%20in%20March%20this%20year%2C%C2%A0a%20person%20familiar%20with%20the%20matter%20said.) as their last funding round. + +But the company itself hasn’t officially said anything. Normally companies that raise money love telling the media about their latest valuation. There is an innate joy in likening your company to fantastical beasts. But not so much Byju’s this time[4](https://boringmoney.substack.com/p/byjus-raises-some-money#footnote-4). Who loves telling others that your company is running a fire sale on itself? +I know many people had money during 2020, saw the crash but thought it was going lower so they didn't buy in. Then when it started going up they still didn't buy because they missed the bottom or they became convinced a second crash was coming and the lows would be revisited and they'll have their chance to buy. + +Well we know how that turned out.. they might just be thinking this recent correction is the infamous second crash they've been predicting all these months. + +I know there's a lot of uncertainty going on in the markets recently and you'll find plenty of doom and gloom stock market articles on the internet if you look for them.. You might be looking at this recent correction combined with reading doom and gloom headlines and gleefully rubbing your hands thinking to yourself "I knew my time would come, now I just need to wait a little bit more and then I'll buy, probably close to the bottom". + +But this will almost certainly be a terrible mistake, and it would be the same terrible mistake you made last time. I get it, psychologically you want to buy at the cheapest possible price so you get the biggest return AND you lower your downside loss potential. It's very attractive and the temptation to try and time the market sucks you in, you become so fixated on not losing money and buying the cheapest price that you end up never making money either because you never pluck up the courage to actually buy in the first place. + +--- + + +I have a friend who pulled his money out of the S&P in 2008 at around the 1000 point market (a 30% loss) to try and buy in lower, and while the market did in fact go lower, he was unable to time the bottom because he waited too long and was too greedy. To this day he still has not bought back in... Not because he thinks the price is going back to 1000, but because he is so bitter that he made this mistake he just cannot bring himself to pay the now 250% - 300% increased price. + +At first he waited, then he waited some more and after a few years he lost interest because the price was so much higher than when he sold, especially when the price went past the previous ATH, he completely gave up on the stock market as being a viable investment and instead put his money in a savings account. I've not seen or spoken to him for a few years but I know him, there's no way he would have bought into the market, he was too bitter. + + +So what's the moral of this story / rant? Don't be like my old friend... Don't try to time the bottom. Don't be greedy. Just accept the discount that's on offer and buy in, then if it drops more, buy some more using your salary. Because if you don't, you're very likely to be stuck in the perpetual cycle of waiting for a correction that you end up inevitably missing the timing anyway. + + +And I know there are some people who will read this, or posts like it, and they'll tell themselves they are right and they can time the bottom but however strong your conviction, just know that you are almost certainly going to miss the bottom, so why bother trying? + + +OCTANS is a jet-fueled rocket ready to liftoff! The project is composed of nearly 20 members who are fully doxxed and on payroll with a strong parent backing company (Capital Games Portugal). The full-time team is made up of developers, graphic designers, public relations officers, marketing personnel, NFT onboarders and moderators intent upon unleashing something never before seen in the world of crypto or gaming. The Octaverse! If you’re searching for a low marketcap project with a solid team and vision with massive upside potential, then look no further. + +The Octaverse is an all-encompassing and self-sustaining digital ecosystem set to be the driving force propelling both the use case and utility of the token. The Octaverse will include a physical item marketplace with a variety of licensed gaming peripherals from Disney, Star Wars, Marvel and DC Comics. Also included within the Octaverse will be a tri-tiered NFT marketplace and the ability to use the token as a collectable currency within actual video games. The vision behind the token is to create an ever expanding world of utility and use case scenarios behind it. The worlds of crypto and gaming are set to collide in an innovative way never before seen! A solid and steadily evolving foundation for success is currently being laid. Grab your seat now and hold on for a galactic journey! The patient ones with diamond hands will truly be rewarded. Become an Octanaut today! + +🕹️ BSC Contract Address: 0x86c3e4ffacdb3af628ef985a518cd6ee22a22b28 + +🕹️ High Quality Whitepaper available on our official website + +🎮Buy directly with Octaswap from our official website + +🎮 CERTIK AUDIT completed with Skynet activated + +🕹️ 63k holders and counting + +🕹️ Listed on Whitebit Exchange + +🎮 OCTANS NFT MARKETPLACE IS LAUNCHING OCTOBER 4TH! + +🎮 Clothing Store live and taking orders! + +🕹️ News articles with TechTimes, Cryptocurrenciesnews UK, TechBullion, Fintech Zoom and BitcoinMarketRecap published + +🕹️ Full scale marketing campaign set to kick off + +🎮 See the parent backing company’s (Capital Games Portugal) headquarters on our official YouTube page + +🎮 See a video teaser of our upcoming NFT Marketplace on our official YouTube page + +🕹️ Two platformer video games in development you can use the token within + +🕹️ Listed on Coingecko, CoinMarketCap, Blockfolio, Coinstats and many other coin ranking sites + +🚀 More listings, partnerships, and sponsorships to come! Join us on our socials below + +Website: https://octanscrypto.com + +Twitter: https://twitter.com/octans\_octa + +Telegram: https://t.me/OCTA\_OCTANS + +Discord: https://discord.gg/XVS8FfUgYc + +YouTube: https://www.youtube.com/c/OctansOCTA +Hi guys, + +My fiancée and I are are buying a house that's costing £435,000 and its our first home together. I see myself with her for the long run and trust her fully. + +Due to earning more and having opportunities to work over time I've accumulated £82,000 that's going to be used for the deposit. My fiancée has around £3,000 that she was going to use for furnishings ect. With the mortgage repayments we were both going to put half our salaries into a joint bank account this would be used for mortgage, bills, food, holidays ect. + +My mum yesterday advised me to get something written up in case we split and I'd lose out on the money I have put in. When bringing this up last night it was met with a raging argument about trust and how I'm already predicting the downfall in the relationship or doing her wrong. We want to have kids in the next couple of years and she worries that this will leave her vulnerable. + +It's been sited that this isn't something neither of our parents have done and there has always been a disparity between male and female earnings; while I understand that our parents house didn't cost this much and neither was the deposit this large. + +What is the right thing to do? If things do go South is there a way of displaying that the money trail has came from my account or as the house is in both our names its tough shit? + +Truly I feel terrible today. +>it will axe the ability of property investors to claim mortgage interest as a tax deduction against rental income. + +[https://www.theage.com.au/politics/federal/nz-kills-tax-loophole-on-property-to-slow-soaring-house-prices-20210323-p57d9s.html](https://www.theage.com.au/politics/federal/nz-kills-tax-loophole-on-property-to-slow-soaring-house-prices-20210323-p57d9s.html) + +[https://www.stuff.co.nz/national/politics/300259389/housing-government-to-double-brightline-test-and-end-interest-writeoff-in-war-on-property-speculation-will-spend-38b-on-new-supply](https://www.stuff.co.nz/national/politics/300259389/housing-government-to-double-brightline-test-and-end-interest-writeoff-in-war-on-property-speculation-will-spend-38b-on-new-supply) +Hello, + +Long story short but my mom and dad don't have a lot of money. They are 70 and 68 years old and they pay a financial advisor $500 a month to basically do nothing. Over the last 10 years they have been paying a man to manage their portfolio which is $250K and I am almost certain it was $180K 10 years ago. + +They are 63% Equities and 37% Fixed Income. I don't necessarily have an issue with what they are in although I think we can simplify this portfolio to just 3-5 holdings. I DO HAVE AN ISSUE with charging $500 a month over the last decade. My god we could have put that money to work. We are moving the funds to Fidelity and managing it ourselves. + +https://preview.redd.it/gubtu7p163f61.png?width=1115&format=png&auto=webp&s=fdbd0c60649d9718d908bbf952d189865c607811 + +Questions. + +1. What are your thoughts on what they are in. What should we drop? +2. At age 70 and 68 what should the equities to fixed income ratio be? +3. They still work and have 150K in cash. They are very old school. +4. Is a simple brokerage account at Fidelity what we should open? What should the investment vehicle be? + +I really appreciate your help and love what this sub has done for my knowledge! Hope everyone is staying safe out there. +Obviously, if you have a mechanical job like factory work or construction work, this may mean more output but in your standard office job, why is 8 hours optimum? + +Have there been any studies which demonstrate this? +Yesterday I made [a post](https://old.reddit.com/r/CryptoCurrency/comments/o6zy0e/scam_warning_if_you_see_posts_praising_opishub_on/) about OpisHub. It's still up, but the main point was that they approached me to shill their shitcoin for money and that they are really shady, it has many red flags and very much looks like a scam. + +Then one of the scammers (Scammer 2) sent me a message that he didn't like it, and that I was deleting his comments on my post (lol he has less than 50 comment karma, they just got deleted, of course I didn't do anything). My post only had like 35 or 50 upvotes at this point and it had already been 2 hours since I posted, the post wouldn't have become very big - but the scammers decided to buy downvotes, bringing it to below 0 within minutes, [see also here](https://old.reddit.com/r/CryptoCurrency/comments/o75scd/the_scammers_behind_opishub_didnt_like_the_post_i/h2wxc7e/). The mods deleted a post about this that I made yesterday (because it broke another rule, so I understand - but that post is probably also the reason why my original post is above 0 again), so here I go again: these guys are obviously shady, some examples: + +* one of them (the one that originally approached me, Scammer 1), [pretended to have just stumbled across the project](https://old.reddit.com/r/beermoneyuk/comments/n15mwk/passive_phone_gains_opishub/) instead of saying that he was part of the project **EDIT:** just saw that the post was deleted, it's archived [here](https://web.archive.org/web/20210429143341/https://old.reddit.com/r/beermoneyuk/comments/n15mwk/passive_phone_gains_opishub/) +* they wanted to pay me (and most likely others) to shill their project +* they [openly told me](https://imgur.com/a/rgw1HsB) they would do vote manipulation and upvote my posts about them and then, well, bought downvotes + +So even if the coin would not be a total scam - which I really think it is - they are obviously doing shady stuff. I have already listed the obvious red flags that make them look like your average scam coin, here they are again, slightly adapted: + +* they use your phone's CPU for mining +* the CPU is used to power scientific research (of course they don't say what "scientific research" they are talking about anywhere). And I work in science: of course I would rather use the CPU of a few phones than, well, the powerful computers we have, just as much as I would rather ride a few cats that are tied together than a horse +* "each transaction gives a small % to charity" +* they plan to be super eco friendly and plant trees +* "our primary promotional point is that it adds people's incentive to get their friends and family on board , therefore we will have a reffer@l scheme in place", so it's officially a pyramid scheme +* the token (and app) will launch soon ™ + +Scammer 1 had also told me they "have received £3.5million pounds in the last week to utilise to get this project off the ground". If you look at their social media activity etc., it's all extremely basic and unprofessional (but check out their Twitter, it's kind of funny - they really try to seem "sciency" but don't really know anything about science I think. The followers are either also bought or baited by some fake giveaways, very few seem to be normal, non-spammy accounts) - no company with multiple millions funding would present themselves like that. Also look at the [start of the email](https://imgur.com/a/tbq5YZ9) they sent me in beautiful red, Scammer 1 didn't even remove the "initial contact", which I think is hilarious. + +So again, if you see positive posts about this project, it's either the scammers or people with less morals that they approached. Stay away from them as far as possible, at least don't give them money, your personal information, or go to their website/ download their app so they can send you viruses. +Here are a few DON'Ts for the new day trader, which is anyone who has less than six months experience trading in the stock market. *These are not absolute rules!* Instead, this is general advice I believe will *help* beginners stay outside of the traps and pitfalls of the market. + +1. Do NOT trade before 9:35:00 AM EST – Until you know how to trade within the premarket noise, it’s best to not trade during these hours of high volatility. +2. Do NOT trade premarket gainers with no news – These are your classic pump and dumps. +3. Do NOT trade stocks below the 20/50 Moving Averages – Stocks that are below the 20/50 MAs are full of bull traps and typically continues to drop further down. +4. Do NOT trade breakouts before confirmation – Do not enter a stock once it breaks a key level. Instead, wait until the price action validates the breakout. + +I'll create a separate post on things I believe the new day trader should do to have a better chance at a positive P&L. +This sub talks about $HOOD almost as much as it talks about $GME. It's cluttering the sub just like how movie stock did awhile back. Anyone else besides me sick of seeing news and posts about that distraction? + +If the mods can ban any mention of movie stock and other distractions, then they should go ahead and throw HOOD on the list too +Markets dropping, a recession ahead of us (seemingly) and who knows how conflicts around the planet will continue. Putin might loose his mind further, China going into Taiwan, … + +Are your calm or do you worry due to financial losses, potential job losses or worse? + +I keep wondering about anyone else as I am pretty calm which seems weird. + +Thank you +P/E of 9.34. + +Negative press today due to lower-than-expected earning, but that is largely because of Intel's investments in FABs, including one in Ohio that could be $20B: https://finance.yahoo.com/news/intel-gives-weak-profit-forecast-211224571.html + +It's a buy for me, what do you think? +I'm 18 and planning on going into the economics field, I start university this September. With the current pandemic and a global recession becoming more likely what are some careers in economics I can go into that can hopefully protect me financially during any future downturns? +How many of you are on minimum or low-paid jobs? How many of you struggled to get by during the pandemic? How many of you have families to take of and that keeps you up at night? How many of you fantasize about owning a house or a car but know you have a better chance of winning the lottery? + +Now how many of you are *depending* on crypto to get you out of your dire situation because you literally have no other options? + +I know from being on this sub a long time a lot of us are doing this because we are banking on crypto to get us out of the gutter and achieve a level of financial freedom our broken economic systems could never help us achieve. 99% of the posts you see here aren't of people hoping to become millions despite all our joking about moons and Lambos. The majority of "cashing out" posts you see are for modest, reasonable goals. Going to college, taking care of elderly parents, getting by in poor countries, owning a house. These are all things that in our age of technological advancement and productivity should be considered bare essentials and yet here we are betting it all on magic meme money to save us and give us the minimum we hoped for out of life. + +Musk, Bezos, Zuckerberg, and the rest of them are literal symbols of the broken systems that have led us here and necessitated the creation of crypto to allow us to claw back a tiny bit of agency in this crazy world. Their bloated assets, larger than many countries' GDP, give them the kind of power 1000 ancient kings couldn't even dream of. They aren't on our side. If there was the mere hint that crypto could threaten their status or wealth you bet your ass they would turn on us in a second. + +Don't simp for Musk if he pumps your bags for a few days, he didn't make his billions by helping people intentionally. Crypto is for the people now and always. +Since most of the comments about the coalition's policy to raid super seem to be negative, I was just wondering what would you do instead? + +I personally don't agree with the government's policy but I don't know what the solution is, would be interested to know what type solutions other people can think of. +Https://t.me/pixlcoinofficial + +Its well overdue and hugely anticipated, but the Pixl Coin relaunch went live around 20hrs ago and it was no disappointment!! + +Hardly any sells and a consolidation around the 1.6Mil mcap level (3X from Launch). Very active responsive project team always in the telegram chat. Along with a solid community of hodlers. + +The team has a decent marketing budget and a manual buyback budget already, although its not yet been needed! Along with transaction tax to top the wallets up from trade volume. this seems like its going to be a big project and im pretty excited to be holding this one. + +They already have launched some of there online retro arcade games, and look to be launching more along with mobile app crypto game coming soon. + +The new litepaper and roadmap give us a sneek peek at the future with a massive custom built website upgrade scheduled for october/november, there flagship 1Million Pixel advertising pad launchiny in Q4 2021 and a native PIXL Hub Mobile App launching in Q1 of 2022 which will support there advertising platform along with allowin bespoke tracking of your pixl investment. + +Competitions for the community to win PIXL Coin and BNB prizes through social engagement campaigns and retro arcade tournaments via the global leaderboards seem like a great way to bring the community together. + +Pixl Coin also brings to us the Pixl Coin Of The Week platform, where handpicked vetted projects are promoted by the team and in exchange for mutual advertising custom partnerships enabling Pixl Coin t perform random buybacks of the COTW token to give out to the Pixl Coin community as engagement rewards! So not only can you win Pixl, BNB but also other projects tokens also will be given out in the future! + +The separate COTW telegram group allows members to freely discuss other projects and especially the hand picked Pixl Projects. and i future will be a hive of activity with AMA hosting and coin polls to expose members to some of the best, newest, exciting projects to hit the Crypto world! + +This is definatley NOT one to miss out on, seeings as they topped a 35million mcap on there v1 launch without a marketing budget!! im expecting big things from this project and its proven honest team. + +take a look at the linktree to get links to every social and chart etc.... + +https://t.me/pixlcoinofficial +