diff --git "a/reddit_finance_43_250k_115.txt" "b/reddit_finance_43_250k_115.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_115.txt" @@ -0,0 +1,10000 @@ + + +Thank you for all the replies. To clarify a few things; + +1. The house is mortgage free, the only outgoings on the house are bills & council tax/insurance etc +2. I’m 33, as I say it’s a temporary solution while I get a place of my own sorted. +3. Its in Staffordshire, so definitely not London prices. +4. My mother passed away 4 years ago so it’s just my father and I now. +5. My father seems to be worried about his finances so I think this may be a reason he wants to charge so much. +6. There is no laundry or cooking done for me, I normally cook for us both and do the laundry. +7. I do share his car, but only a short trip to go to the gym 3 times a week, early in the morning and always ask beforehand and fill the car up when it needs it. +The title pretty much says it all. + +ALL three of those conditions must be met. + +We may look back on this week as the beginning of a turning point for market fairness and transparency. I certainly hope so, anyway. + +The HBO documentary, *Gaming Wall Street,* featuring Dr. Susanne Trimbath and maybe u/DeepFuckingValue, and *The Problem with Jon Stewart*, featuring u/dlauer and Gary Gensler, are both being released tomorrow, March 3. + +There's an ongoing DOJ investigation. + +Retail investors are commenting on new SEC rules. + +But...I will not be placated by any potential changes to market structure, even if they are sweeping changes for the better. + +The criminals on Wall Street have been stealing from the rest of us for decades. Your retirement accounts and those of your friends and family members have been essentially used as gambling money by these financial terrorists. + +Retail investors have been used and abused by a rigged game designed to steal from them for longer than many of you have been alive. + +They have stifled innovation and destroyed companies that could have brought forth medical breakthroughs and other technologies that would have saved lives and eased the suffering of millions of people. + +If vile, repulsive "people" like **Steven A. Cohen** and **Kenneth Cordele Griffin** do not face harsh repercussions for their actions, meaning complete loss of their assets and serious jail time, then justice will not have been served. + +And if the price of GME is not astronomically high, then that means those of us in the bottom 99.99997% have not recouped what has been stolen from us over the past few decades, and it's just not worth it to sell any shares. + +ALL of these things must occur for me to even think about selling a single share. I refuse to play nice or let any of these worthless parasites off easy in any way. + +Pay me a boatload of money. + +Create a fair, transparent, efficient market. + +Strip the financial criminals of everything they own. + +Send them to prison to rot for their crimes. + +Then I MIGHT sell a share and help untangle this mess that they've gotten themselves, and the global economy into. + +Otherwise I will continue to BUY, DRS, and HODL for the rest of my life. + +Eat shit Wall Street. You get what you fucking deserve. + +Edit: I do not begrudge anyone who might sell when the price is through the roof. Everyone should make the best decision for themselves and their situation. By all means, take the money and run if that's what is best for you, then go forth and enjoy your newfound tendies and freedom. None of this is financial advice. + +*Edit 2: I should also mention that no matter what, I will be holding on to a large number of shares because I wholeheartedly believe in Ryan Cohen and the tech behemoth that he and his team are creating. Regardless of anything else, this is a deep value stock and the company's transformation is going to be unbelievably glorious.* + +**Edit 3: The more I think about it, the more I think complete loss of their assets would be the most insufferable fate for these greedy, sociopathic bitches. I believe most of them would consider it a fate worse than death. Prison would just be the icing on the cake.** +I've worked at this company for \~4 years. The company isn't doing too hot (no layoffs but essentially just breaking even). I had a good/great review this week, and was told there's essentially no chance for any increase. Even IF we get X number of new customers (which is pretty much a best-case scenario), we're still below our goals so I don't see boom raises next year. What worries me most is that almost every coworker doesn't seem to care about the raises. + +I do want to say, I really really like working here. + +It's a smaller city, so there aren't a ton of opportunities, but do I need to get ahead of this and stop this cycle? Is this expected at some points at some jobs, or is this just definitely a terrible sign and I need to get out? +https://www.bloomberg.com/news/articles/2020-09-15/big-investors-are-dying-to-know-what-the-little-guys-are-doing + +Are you young, newly rich from stock trading and ready to take the plunge in options? Wall Street is following your every move. + +With the sway of stay-at-home traders growing and starting to eclipse other influences on equities, figuring out who is doing what among amateur stock dabblers has become a critical mission for big investors. They’re canvassing Reddit threads like r/wallstreetbets and picks at retail brokerages, plugging data into programs and trying to gain an edge. +There are so many posts about the missing 1M volume that I am becoming suspicious that it is being used to distract from some amazing info we received yesterday. If you want to really get your tits jacked, go read [the new DD](https://www.reddit.com/r/Superstonk/comments/n5me5g/the_mother_of_all_wedges_an_endgame_dd_technical/) from u/WardenElite or read some of [the testimonies](https://www.reddit.com/r/Superstonk/comments/n5ne55/huge_tomorrow_congressional_hearing_testimonies/) for tomorrow's congressional hearings. + +I know some apes don't like to hear it, but we need to use [Occam's razor](https://simple.wikipedia.org/wiki/Occam%27s_razor) sometimes. The wild theories about the missing 1M shares confirming that Citadel has been margin called just make it seem like all the great information uncovered in this sub is just as speculative. + +There is so much reason to be hyped right now. Let's make sure fellow apes see the best information to confirm our bias. There are too many damn negative 1M volume posts. + +Tits jacked and ready to moon 🚀🚀🚀 + +Edit #1: + +I forgot to add that the S&P upgraded GME's credit rating from B- to B yesterday 🚀🚀🚀 + +Edit #2: + +Link to SEC hearing starting at 12:00 PM ET https://financialservices.house.gov/live/ +We're in our mid-40s now. Some years back my wife and I were finally able to get a 97/3 mortgage in our late 30s after over a decade of saving. Our cars are a 1998 Honda Civic and a 2004 Toyota Camry. I bought them cash and do almost all the work on them myself. + +I've got social science and language degrees I guess you could call liberal arts. Her degrees are in hard sciences. I work for the electric company, she does some technical computer modeling shit. I have a night job, too, which earns me about another $10k per year. + +We have kids. We save all our spare healthcare money to cover them. We're far from broke. We earn more than 70% of households in our little Massachusetts town. But we have no college savings for them. + +Our house is very small, and 150 years old. Both have cheap $17/mo plans on cheap Android phones. 1 TV in the house, $400, bought 6 or 7 years ago. We've got about 20 years to Medicare, and almost no retirement to speak of, I mean less than a year's wages total saved up in the 401(k). But through most of our lives we didn't have retirement benefits. + +We haven't been on a vacation in 6 years. We don't go to bars. We don't go to restaurants. We grow and can and pickle our own produce. We use coupons. Do my own carpentry, plumbing, and electrical work up to the point of something major that requires a permit. No credit card debt. + +So where does all the money go? + +- If we do $110k in a year, probably $25k goes to income and payroll taxes. So it's $85k net. +- Another $25k goes to mortgage principal and interest. Now we're down to $60k. +- Then there's insurance premiums. Car insurance. Home insurance. Private mortgage insurance. Health insurance. Dental insurance. Vision insurance. Life insurance. Probably about $15k to cover all them in a year, not counting deductibles or co-pays or whatever. About $10k on family health insurance premiums, $3k on home and pmi, and $2k on the others. Health premiums will drop some when we switch back to my plan off my wife's at open enrollment, but that's a long story for another time. So we're down to $45k. +- Then there's student loans. On pause temporarily. Usually $8k per year. So drop that to $37k left. +- Then there's dues and shit. Union dues. Fire district dues. Volunteer ambulance contribution. Just stuff you have to pay to function as citizens in our town and employees in our jobs. Probably another $2k there. $35k left now. +- Then there's utilities. I'm on well and septic. I heat with fuel oil and wood. So it's only electric bills and diesel bills and occasional wood bills if it's cold and I can't chop enough for the winter myself. That's about another $4k, depending on the year. $31k left now. +- Then there's 401(k) contributions. We do make those, even though they don't add up to much. That's a raw 5% gross coming out. Say it's $6k. Down to $25k left now. +- Then there's transportation costs. Gasoline. Oil. Other fluids. Tolls. Parking fees. Registration fees. Inspection fees. Occasional parts even if I do the labor. Call that $200/mo or about $5k total for both cars. Down to $20k left now. +- Then there's food. We could do this cheaper. We do grow a lot of our own produce, but we're not eating ramen every night either. We're feeding 4. Usually dropping about $200 per week. Call that $10k. Down to $10k left now. +- Then there's household shit. Garbage isn't free, we have to pay tipping and bag fees. Septic system might have to be pumped. Might need mulch and fertilizer. Might need gas for mower and chainsaw and blower. Might need parts or tools or calk or paint or epoxy or copper pipes for things that break here and there. Plus you ought to put a little away for the big things like re-roofing or the boiler going, etc. We aim to put a hundred or two in the house account every month. Call that $3k over the year. Down to $7k now. +- Then there's internet shit. We have one Netflix subscription. We owe our ISP every month. Occasionally somebody will buy some kind of game or software. Computers are all older, but they come up every 6 or 7 years or so. Call that $2k. Down to $5k now. +- The rest has to go to toys, clothing and deductibles and whatever little we spend on savings and entertainment apart from the house account, which is really remarkably minimal. + +I'm not sure how much more frugal we could be, short of severely cutting the food budget. Feels like we're living a regular middle-class life. And we're comfortable enough. Nobody's hungry. House is at 65 all winter. But it took us a hell of a lot of As and high test scores and hard work and meeting the right people and lucky breaks to get here. And it feels like retirement is going to be way out of reach. + +In the end, I guess our lifestyle is far closer to our immigrant grandparents' depression-era lifestyle than our high-school-only educated parents' boomer-era lifestyle. We've accepted that. + +The sad part is, I think it's going to be worse for our kids. I'd love to give them more of a head start. At this point, we're just worried they'll catch covid at school. Don't want to be a doomer, but their world definitely seems a lot worse than ours was as a kid. In the past few weeks, they've lived through a hurricane, a flood, and now back to the pandemic school house. And despite all the bootstrapping we've done, I feel like other than having more knowledge than our parents did, we're not leaving them in a better material position than we had growing up. + +So...the point of this post is a Labor Day gut check. Anything here seem way off to anybody? +They’ve created an aura of power and invincibility by design but you better believe they’re on the clock. Because Cohen and company aren’t wasting any time transforming the company. + +Everybody talks about the catalysts needed to take us over the top. The simplest one is the same here as with all other plays. The real world improving outlook and earnings of the company create too much interest and buy pressure and they wash over whatever short interest exists like a tidal wave. + +So they can’t let it run up big or they face liquidation and they can’t let it trade sideways or they give management time to do its thing, creating too much buy pressure and forced liquidation. + +That leaves pushing it down, even though they know that most apes see a lower price as a fire sale. Regardless there’s no other option for them. They have to put everything they have into this final fud campaign and tank the price daily to try to create a real selloff. + +It’s literally the only road left to them and it’s why I’m banking on the price continuing to fall for the rest of this week and into next week before possible crypto dividend news or other news like an acquisition. And if it does keep tanking then paradoxically it means we’re tantalizingly close to victory. Because it means they’re not covering their ftds anymore, it means they’re willing to give their adversaries better and better deals on shares, it means they’re willing to engage in visible behavior that might end up landing them in prison later. +Yesterday I spent some time analyzing Nutrien (NTR). Nutrien is mainly a fertilizer company and the largest producer of potash in the world. My thesis was that long term, farmers need to become more efficient in order to keep up with the demand and to book a higher profit. And part of this process is represented by fertilizers. On top of that, there is a potash supply shortage caused by the Russian invasion of Ukraine, which dramatically increased the price of the commodity. I think that Nutrien is well positioned to capitalize on this rare opportunity. Also, the company buys back $4 billion worth of shares, or 10% of market cap, just this year. + +Through my research, I understood the business is cyclical and the stock price is mostly influenced by the underlying commodity's price. It was clear that the company is in or near the peak of the cycle. The fundamentals are ok, nothing to be excited about, nothing to turn you off. They also pay a healthy dividend, so I decided to take my chances on putting a value on the company and find a buy price. + +And like in every tragic testimonial, that was when my nightmare begun. I calculate the intrinsic value similar to Sven Carlin's approach, for those of you who follow him. The discount rate was not a problem, since I always use 12%, as my required return. Then, I didn't even know what figure of EPS to use as base/starting point. Were TTM earnings of $7.8 abnormal, inflated, generated by unusual market conditions? I thought so and used last year's earnings, $5.5. + +The I had all the following problems: + +\- what two-stage growth rates to use for this cyclical business; how can I predict the cycles for the next decade; company's history is short and didn't help. Tried to factor in the share buybacks, but didn't help much. + +\- what terminal multiple to use for that specific year when I'll sell my position; will it be a peak or a bottom of the cycle? in the last 4 years, P/E range was -64 to 288. Bummer. + +\- what payout ratio to use for dividends since that will be the only cash (besides buybacks) returned to me in the next decade; payout ranged from 26% to 224%. Excellent. + +As I got frustrated, I decided to stop my coin flip and put it in the "too hard" pile, at least for now. I understood that I have no business at valuing a cyclical of this sort and remembered the good old Buffetts and Lynchs of this planet that can't stress enough how crucial it is to know what you invest in. + +If it matters, I got an intrinsic value of around $60 and a buy price of around $50. But it doesn't help me at all, since I wouldn't be sure of buying it not even at $35. + +On to the next one. +ELON can’t shut the fuck up, so neither will ELONPEG! But rather than just make another Elon coin based on something he tweeted or an appearance on SNL, they pegged Elon. + +WTF is Pegging? In everyday life, pegging is something mom did to dad on special occasions. In crypto, pegging a token is when you tie the value of one token somehow to events outside the blockchain. USDT is pegged to the US Dollar, WETH on BSC is pegged to ETH on Ethereum, and ELONPEG pegged Elon. This means every time Elon tweets, a secure system of APIs and smart contracts AUTO-BURN supply, resulting in reflections for holders and mass amounts to burn. + +Since the coin launched on June 3rd he’s tweeted ~185 times, burning about 28% of total supply (well over $1m) with plenty more to go. See what we mean here: https://imgur.com/a/cKxm4DE + +MASSIVE marketing every minute since launch between poocoin and 4chan ads, influencers, multiple voice and text AMAs and podcasts with the devs, locked liquidity, listed on CoinGecko and CMC, about 20 hours a day of admin interaction, and limitless potential with amazing tokenomics and automations! + +Check out the site: elonpeg.com + +🔥 Tokenomics 🔥 + +* 9% tax on every transaction: 3% to holders, 3% to liquidity, 3% to marketing, events, adding to the vault, and carbon offsetting +* ALL project contracts and wallets secured by hardware wallets, this new "dev got hacked" trend is unacceptable. +* 1 Trillion total supply, 500Bn has been sent to the Vault for burning and recirculation by Elon +* Both the ELONPEG token and Vault have been audited BEFORE launch +* US LLC backed, 2 devs based in US and 1 in the UK +* Further automations blast the message on our TG and Twitter! Every Elon tweet creates MAJOR HYPE as we watch the reflections roll in and the burn happen automatically. + +🪐 WEN MARKETING? 🪐 + +We’ve got ads on PooCoin, 4chan, multiple videos and posts up on Twitter, TikTok, and Insta, and a rotation of influencers worldwide ready to go. CoinGecko just dropped. This project is still VERY young and primed for liftoff! + +On top of this, the devs are SUPER responsive and our TG chat is lively. Come on in, ask questions, share memes, get involved. We have our ShillX group earning ELONPEG every day with outreach and awareness campaigns. + +I haven’t been this hyped up in a long time, the economic model is new and unique, the integrations are automated and secure, this is a TRULY unique and innovative token that is going to blast off. + +📈 Key Information: 📈 + +Website: elonpeg.com + +Telegram: t.me/elonpeg + +Twitter: twitter.com/elonpeg + +Contract: 0xc18994df2dfd0c2767bb1758bae83e95762bbea3 + +Chart: poocoin.app/tokens/0xc18994df2dfd0c2767bb1758bae83e95762bbea3 + +Panacake Swap: exchange.pancakeswap.finance/#/swap?outputCurrency=0xC18994df2Dfd0C2767bB1758bAe83e95762bBea3 + +BSCScan Explorer: bscscan.com/token/0xc18994df2dfd0c2767bb1758bae83e95762bbea3 + +This is not financial advice. This token was created by founders located in the US and UK, who have partnered up to create a US-based LLC. They’re committed to project success and security, but as the crypto market is volatile you should always do your own research! +Hey, + +I've been a big Formula 1 fan for the last 5 years now but I've never gotten the chance to attend any races. + +I'm interested in attending one this year or in the 2022 season and would love any tips/guidance from people who regularly attend events? + +I'm a big fan of the singapore street circuit so am thinking of attending that race but would be open to any other races. + +Since I'm going to be travelling to attend the race, I'd like to get a bit more of an inside look so I'm thinking of getting Paddock Pass for one of the days. + +Do you recommend getting Paddock Pass for all 3 days (seems like it's ~10k) or getting Paddock pass for a single day and then getting a different seat for the other days? + +If I get Paddock pass for a single day, is there a day you'd recommend? + +Obviously race day is the most expensive, but I'm thinking that I'd get more access on the free practice day since the team staff will be less stressed out compared to qualifying / race day? + +It seems like there's also local hospitality options with specific teams, but I haven't been able to find much on that. + +I'd love to hear any insight that you guys have. + +Thanks! +They didn't know what they meant either. + +What they really meant was: I wish I could travel in time when it was at 20k to buy some more because now I know It went from there to 60k. + +20k now? well, in stocks if you look at the past to evaluate if now is cheap or not, then you are lost. +This is a throw away account, for privacy reasons. *\[edit: I'm going to keep this account after all\]* + +I (49F) sold my business two years ago and have more money than I know what to do with (\~20 million). I barely graduated from high school, was born and raised in a small shitty working class city on the Canadian prairies. Currently living a middle class lifestyle in the GTA, in a bad marriage with older (12&22 kids). + +After selling the business I had so many big ideas of how I was going to enjoy the free time and wealth that I worked so hard for. However, I find myself stuck, almost paralyzed. My husband knows I have done well, but I don't think he has any idea how well (we are separated but still living together, it's complicated) . My friends and family are working class people. How do you take your friends/family on luxury vacations when they are struggling to make ends meet? Do I just go alone? + +Anyway, I've wasted two years of my life sitting around waiting for something to happen when I could do pretty much anything I wanted to do. I'm chained because my husband uses our youngest to control me/keep me from being able to travel or move out of our suburban neighborhood. Staying in our family home has been the best situation up to now. I've gone to counseling to help get through this, but sometimes I think they don't take me seriously because I look like a regular person, am not "educated" etc. I currently drive a 05 honda haha, I can be frugal to a fault... but if I'm going to spend money on a car, it will be big money! + +I think maybe a Life Coach who works with HNW individuals might be a good idea, but maybe I'll have the same problem where they don't take me seriously. I'm here looking for advice? Suggestions? Referrals? I don't want to waste my money, but I don't want to die having never spent any of the money either. +# [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/ugnqsg/drscomputershare_megathread_052022/?utm_source=share&utm_medium=web2x&context=3) - For questions about Direct Registering your shares. If your karma's too low to comment it will get removed by auto-mod, but it'll be manually approved after. + +If you've completed the process or have done research, help us answer some questions! + +The top 3 Apes answering questions every month will receive 700 Reddit coins and a month of Reddit Premium - thanks for helping the community💜 + +# [Voting/2022 Annual Shareholder Meeting Megathread](https://www.reddit.com/r/Superstonk/comments/uddedr/voting2022_annual_gme_shareholder_meeting/?utm_source=share&utm_medium=web2x&context=3) - For all things voting/annual meeting related. +**TL;DR: GME's FTX token has 2nd highest volume around the time RC bought more shares. May be worthwhile to track correlation matrix of how FTX/crypto tokens track each other and the stocks that underlie them. Also, crypto token for BBBY (BBBY. cx) has biggest volume spike around Aug. 17th, for RC announcement of sale. Needs more digging.** + +&#x200B; + +https://preview.redd.it/skxjanlxu50a1.png?width=1930&format=png&auto=webp&s=8b9839fd24d755d43943e80f0e0744ca61b199eb + +&#x200B; + +Kudos to u/thebigfart123 and u/danceswith2socks for this rabbit hole and sourcing. I was digging into why GME FTX token had such large volume spikes on two different days: the "sneeze"... + +&#x200B; + +https://preview.redd.it/d0yzj4uzu50a1.png?width=920&format=png&auto=webp&s=54be02287b790c075351c5451be814f6bfb6000d + +...and March 22, 2022. + +&#x200B; + +https://preview.redd.it/1v4ehls0v50a1.png?width=802&format=png&auto=webp&s=03b76593c783abe084773967afb98bfdedf8aa62 + +I was originally digging into GME's FTX token volume to see if there was any overlap between the Ortex "glitch" from about a week or so ago. During that search, found that super high volume around March 22nd. + +However, the spike in volume started around the day before: + +&#x200B; + +https://preview.redd.it/q1oskwlrv50a1.png?width=806&format=png&auto=webp&s=79ed5c5153494f28313dc5da26a3051ad10eb0e5 + +Here's what GME's stock chart looked like: + +&#x200B; + +https://preview.redd.it/gw9e5i26w50a1.png?width=2292&format=png&auto=webp&s=eb4ee9574450fd83a42cc6390164706da590bb12 + +&#x200B; + +&#x200B; + +Here's the SEC filing page for RC Ventures: [https://sec.report/CIK/0001822844/amp](https://sec.report/CIK/0001822844/amp) + +&#x200B; + +&#x200B; + +https://preview.redd.it/iaznjpylu50a1.png?width=2566&format=png&auto=webp&s=5398e292887fd77ef8642213c87937022949a58b + +&#x200B; + +https://preview.redd.it/skx3ruwhu50a1.png?width=2504&format=png&auto=webp&s=3e6a7849c6d7ed1705ec43a9b50406d20c01ed65 + +I'll need to dig more into the timelines as to this and when the volume started going haywire on the FTX token...but because we can safely know that the token can trade at all hours of the day (vs. the stock market) it might be worthwhile to track WHEN the volume starts going crazy on tokens vs. the stock. + +&#x200B; + +**I talked in another post how BlackBerry's stock began trading A FULL DAY before the launch of the GME token:** + +&#x200B; + +https://preview.redd.it/bnmnpvmfw50a1.png?width=1946&format=png&auto=webp&s=dfc7b51b3ffcce9919a1a729742f2f1f97e4f252 + +&#x200B; + +&#x200B; + +**Eventually, it may be worthwhile (and I'll try myself) to track what the correlation matrix between the TOKENS vs. STOCKS looked like. Kudos here to what** u/BurnieSlander **found some time back:** + +&#x200B; + +https://preview.redd.it/t2fnpdwtw50a1.png?width=2002&format=png&auto=webp&s=9648305b6599f7ce7f5c049df0ed1afe8d37be02 + +&#x200B; + +&#x200B; + +Last thing: in a recent post, I talked about how there was already at least one BBBY token floating around before the sneeze called BBBY.CX and how its volume spiked the day of the sneeze on January 28th. + +https://preview.redd.it/3jkkopelw50a1.png?width=1564&format=png&auto=webp&s=d83eb9db15de31c1b1792a329e38420ad001aa7a + +It also spiked even HIGHER elsewhere. Went to look back at the same chart and someone is fucking changing it on me since I first posted about it: + +&#x200B; + +https://preview.redd.it/g77mdqmux50a1.png?width=1600&format=png&auto=webp&s=d97659e9567b05043d57fed93cc40f8c5eb664e2 + +&#x200B; + +https://preview.redd.it/5lla9z5kx50a1.png?width=1624&format=png&auto=webp&s=d0c5e24f01bc756f1d93a2eb5e7d9c7281823dbc + +The data SEEMS to line up so far but not sure why the chart looks like this. Either way...a giant spike on Wednesday, August 17th, 2022 for that token. What happened that day? + +&#x200B; + +https://preview.redd.it/ae85652ay50a1.png?width=938&format=png&auto=webp&s=b0ccbcc273125ad2279e915fd7a3ae388c7d681b + +I'm not really sure of what to make of this then just yet...but it seems like some of the crazy volume on the FTX tokens (and others) may be tracking SPECIFICALLY Ryan Cohen's buys and sells. + +Hopefully some of you can dig further into this. + +&#x200B; + +&#x200B; + +EDIT: words, formatting, tagging + +&#x200B; + +\---- + +&#x200B; + +EDIT 2: Double checking can someone explain this to me again: [https://sec.report/Document/0001193805-22-001199/](https://sec.report/Document/0001193805-22-001199/) + +RC's BBBY filing was on the August 16th date (even though the BBBY token biggest drop and the MSM articles came out the next day), what does the April 21, 2022 date refer to again? + +&#x200B; + +https://preview.redd.it/xeb4vx4lf70a1.png?width=2538&format=png&auto=webp&s=9097be283aca6270ed8b2776610fb075d7bb4deb + +per u/HereIGoAgain_1x10 **is this what you mean?** + +&#x200B; + +EDIT 3: Also a comment from dlauer....anyone looking or already tracking data analysis on these tokens? + +>dlauer: + +I think your correlation idea is right. The first thing to do would be to simply see how correlated token and stock volume is. I suspect they're extremely correlated - when there's a lot of stock trading, there's a lot of token trading. If not, then there's probably something to dig into to understand the conditions that drive differences. + +&#x200B; + +&#x200B; + +EDIT 4: some great comments. Here's one from u/outrageous-yams: + +>Hey isn’t FTX and alameda currently being accused of frontrunning ICO’s? (Basically insider trading + extra crime) +> +>Wonder if they’re doing something related to this too. +> +>No idea. + +This theory is spicy af....FTX/Alameda if they knew this was gonna happen frontruns the ICO for the GME FTX coins then dumps them + +&#x200B; + +https://preview.redd.it/422nnezaq70a1.png?width=1716&format=png&auto=webp&s=6fa4ed5ae6baf18db54fe2a103143ad06a99525c + +EDIT 5: yet another GME token to track found by u/anthonystephenmark called DGME: [https://www.coingecko.com/en/coins/gamestop-tokenized-stock-defichain](https://www.coingecko.com/en/coins/gamestop-tokenized-stock-defichain) + +&#x200B; +Hi everyone, +If you don't know what the "Ethereum Community series" is, please find the two first talks with u/jtnichol and Ameen Soleimani here: + +- https://www.reddit.com/r/ethtrader/comments/b1i6wy/jeremiah_nichol_ujtnichol_ethtraders_community/ +- https://www.reddit.com/r/ethtrader/comments/b3gu0f/an_1h53min_talk_with_ameen_soleimani_on/ + +Today I'm happy to announce guest number three: Vitalik Buterin (u/vbuterin). Vitalik is the founder of Ethereum ([find out more about the prehistory of Ethereum](https://vitalik.ca/2017-09-15-prehistory.html)), currently focussing on Eth2.0 research and L1 scaling (sharding). You might want to check [On politics, with Glen Weyl](https://breakermag.com/vitalik-buterin-thinks-this-mans-ideas-can-break-americas-political-logjam/) ([book review](https://vitalik.ca/general/2018/04/20/radical_markets.html)) and a broader introduction to Ethereum from [Disrupt SF](https://www.youtube.com/watch?v=WSN5BaCzsbo). + +From Bitcoinmagazine.com: "*Vitalik Buterin is a co-founder of Bitcoin Magazine who has been involved in the Bitcoin community since 2011, and has contributed to Bitcoin both as a writer and the developer of a fork of bitcoinjs-lib, pybitcointools and multisig.info, as well as one of the developers behind Egora. Now, Vitalik's primary job is as the main developer of Ethereum, a project which intends to create a next-generation smart contract and decentralized application platform that allows people to create any kind of decentralized application on top of a blockchain that can be imagined.*" + +He's [@vitalikbuterin](https://twitter.com/VitalikButerin) on Twitter. + + +Feel free to post and upvote one or more questions you'd like him to answer. Questions can be submitted until Tuesday. Thank you again for all the great feedback so far and thank you to all who have submitted questions in the past. I'm looking forward to this one. :) + + +*Edit: before submitting a question, please go through the comments and see if someone else has asked something similar. It makes my job a bit easier. You can "second" the comment (and upvote) so that I know it was a question of yours, too.* +Just to promote the other thread in case it gets buried. Not trying to karma whore. +There is evidence that shills may be attempting to make it look like apes are calling for violence or spreading violent ideals within this sub. +This may be jumping the gun but it is better to be safe than sorry. +Please report all posts advocating violence. +I will post a link to the other ape’s thread. + +I just like the stock so fuck you SHF go fuck yourself. + +P.S I am happy +I think airline insurance is the most ironic thing when they expect you to buy an insurance to reimburse you when they cancel their flights. It’s akin to buying food poisoning insurance at the restaurant. +This post was originally posted on /r/UKPersonalFinance and received a lot of attention (https://www.reddit.com/r/UKPersonalFinance/comments/3djadw/today_barclays_put_me_in_200000_pounds_in_debt_by/) , but I am sharing here in hope of reaching a wider audience and getting some resolution to this because 72 hours after this happened I am still facing the same problem, with the same uncertainty. It's an unfortunate, and helpless, position I am in due to a "colossal f**k up" by Barclays PLC. + +**Update** +20/7/2015 9:28 My account is now back to normal :) ... http://imgur.com/g7DoS76 + +20/7/2015 15:40 Had a call from Barclay's. They confirmed this as a technical glitch and said they will put 150 pound into my account as an appology. + +Thank you to everyone on Reddit who helped to solve this. I really appreciate it <3 + +---------------------------------- + +This morning I checked my online banking. I'm with Barclays. Both my normal account and savings accounts were suddenly in a huge amount of debt : + +Normal account: -₤99995 + +Savings account: -₤99681 + +Screenshot of my online banking: http://imgur.com/XTH0OUQ + +Photo of balance slip from cash machine: http://imgur.com/VjUU6zT (sorry best image I could get, but can be seen) + +My account is a basic account. I can not have an overdraft. I have a Visa chip and pin, but it's a basic account. My savings account has a card, but I can only use it in Barclays. It's not a Visa. The bank wouldn't even allow my account to go into ₤10 debt, let alone ₤200k! + +I thought this was an online error. I thought maybe their site was acting up. I went to the cashpoint and was shocked when the cashpoint said I was nearly 100 grand in debt! + +At this point I went straight into the bank and asked them to check both accounts. The cashier confirmed they were both in debt by nearly 100k. But couldn't explain why. + +I sat with a Barclays advisor at the Halesowen Branch for over an hour whilst she tried to find out why so much money had been taken from my accounts. The advisor had to call the same numbers customers do ... which goes straight through to an Indian call centre. I was shocked that Barclay's own staff have to use the same call centres customers do. She confirmed they don't have direct numbers to UK call centres! + +The advisor was passed from pillar to post. She was cut off by one of the call centres because they didn't know how to deal with my account. So we had to start the whole process again! + +I was told that the transactions were "forced" on their system. I don't know what this means though. They said they were card transactions. Really ...for 100k each, even though one account is just a basic Barclays card? + +In the end the bank closed, and I have to go back in the morning. + +All my money is in those accounts. I rely on this money to feed my family! Because I'm in 100k debt in both accounts I can't access my money. I explained this to the advisor in Barclays but her line manager had went home so nothing could be done. + +I'm not even rich. I have Aspergers and I claim ESA as I'm mentally unfit to work. So why would they take 200k from me, and then deny me access to the little money I have? They had no issues escorting me off the premisis at closing time knowing I had no money to buy food because of their error! We have a 7 year old too and I explained I need this money to live. + +Ps. sorry about the grammar error in the title. + +**Updates** + +17/07/2015 9.00am: It's 9am, and over 24 hours since my account was place in debt. My account is still in debt! I was hoping that it would have returned to normal today :( Off to the bank in a moment to see if I can get this sorted. + +17/7/2015 10.00am: Just came back from the bank. I have to go back in 30 minutes. Nobody knows what's going on. The code on the transaction is a BLT (or BTL). They're currently trying to figure out what this code means because they don't even know. They can't tell where the money went either. The branch staff have been awesome though in trying to resolve this. Still no access to my money though :( + +17/7/2015 10:58am: Been back to the bank. They're currently sending emails to other colleagues higher up to see if they can take a look at it. At the moment I'm in limbo, and I'm still not allowed access to my money. Just sitting around now waiting for the bank manager to call me. It was pointless sitting around in the bank as he wasn't certain when they would respond. + +17/7/2015 11:41am: Contacted the Financial Ombudsman to see if they can sort this. Their response ... they can't really do anything. They will start the complaint, but the bank has 8 weeks to respond. + +I explained my situation, and I asked if this would be considered an exceptional case and asked if she could do anything to speed it up. She said she would email the bank regarding the complaint immediately to try speed things up. She admitted though, at this stage the FO is powerless. I have gone through with the complaint and got my reference number. + +My concern is it's now 1.25pm, and nobody has called. I've been to the bank so many times I feel worried that I'm just an annoyance to them now. There's nothing more they can do except wait. If this isn't sorted today then I'm left with nothing over the weekend :( My electric just ran out too! I hope to God they sort this today and not leave it until Monday! + +I have explained all of this to the people at the bank. They are sympathetic, but are unable to override anything to allow me access to my funds. + +17/7/2015 2:23pm: Barclays called. I can take out the £290 that's benefits. The other money that was in my account I am not allowed. I think by law they have to make the benefits available. My other money is still tied up. They still can't confirm what's going on, or what has gone wrong. This is not solved. Far from it. My account is still stuck in debt and I am not allowed to access any money that's not from benefits. So my savings are stuck. + +At least I have money over the weekend, that's something. + +17/7/2015 3:27: Got the benefits money. Was denied the rest of my cash. Nobody knows when it will be sorted, or what's happened. I will keep this updated when I hear something. I'm very interested to know how this happened. + +18/7/2015 9:45am: Bank still in debt. Looks like it will stay that way over the weekend. So much for them treating this as a matter of urgency ... + +19/7/2015 10:42: Bank still the same. Still no news to report. Didn't expect anything to happen on a Sunday anyway. + +My partner has tweeted this to Barclays if you want to retweet: https://twitter.com/sian_ellis89/status/622477622547730432/ [samples](http://edmtheory.com) + +# Intro + +I've posted about this before and showed proof of this "theory" working almost perfectly. I've already explained the methodology which is based on the use of T+21 and T+35 cycles. + +Using this method, i'm able to tell almost exactly on which days GME will move significantly and not crabwalk/trade sideways. The accuracy is give or take 1 day. + +&#x200B; + +# Basic Info + +**What does this method predict?** + +* It can tell you almost with precision on which days GME will move significantly more than normal. + +&#x200B; + +**What this method can't predict.** + +* It can't predict when GME will moon. + +&#x200B; + +**What else can this method tell me about GME?** + +* If used correctly, it can indicate perfect bottoms. +* If used correctly, it can indicate days where GME will be shorted. +* If used correctly, it can indicate days where GME will recover to it's pre-shorted price. + +&#x200B; + +**So what? Who cares, GME will moon anyway.** + +* Yes GME will moon. Buy, Hodl, etc. + +&#x200B; + +\---------------------------- + +&#x200B; + +# Part 1 - Everyone else's T+21 and T+35 theory + +**The 'can' or 'infinity pool'** + +The well known T+21 and T+35 graphs posted here have their own merit, they're not wrong, they simply track something specific which in my opinion is the actual 'can' or so called 'infinity pool' that's being kicked by the MM/SHFs. + +Tracking the position of the can that's being kicked is fine. I wanted something deeper than this. + +&#x200B; + +**This theory Vs the basic/common T+ theory** + +Again, the basic T+21 and T+35 theory has it's merits. Not bashing it. I wanted something more specific, accurate, granular and i found something. + +Here's the differences between my theory and the commonly known T+ theory. + +* **Basic:** It only gives me the information that there will be only **2** moves within T+21 and T+35. +* **My methodology** can show **4-10** different days in a T+21 - T+35 cycle. + +&#x200B; + +&#x200B; + +&#x200B; + +# Part 2 - The Proof + +I guess there's no point in explaining anything further unless i show proof of my claims, right? + +&#x200B; + +**So here's my proof** + +* I made 2 prediction posts on Tradingview (a stock charting site). +* You cannot edit a prediction after it's posted. So if you made a prediction, it is what it is. No editing. + +They all (for the most part) accurately predicted the days on which GME would move more than normal and not crabwalk/trade sideways. + +&#x200B; + +**Post 1 -** Please excuse the mess. I was still in the process of refining the theory. Your takeaway from this is that you need to look at the vertical white lines in the future. + +These indicate the days where GME should move more than normal (again, with a +-1 day accuracy) + +[https://www.tradingview.com/chart/GME/t15y2iPt-GME-FTD-Reset-Cycle-Update/](https://www.tradingview.com/chart/GME/t15y2iPt-GME-FTD-Reset-Cycle-Update/) + +*Press* ***play*** *and see the result.* + +&#x200B; + +Screenshots for bored folk - **Before** + +[I said it would be messy](https://preview.redd.it/1rpk38tuzz671.png?width=1571&format=png&auto=webp&s=ed9319afe5f001593414c680aea6fc5325c94d5c) + +Screenshots for bored folk - **After** + +[Very messy, but it's there.](https://preview.redd.it/mxvlmibzzz671.png?width=1578&format=png&auto=webp&s=d4ad6062b83bacf5e3e4cb54a8e72105681888b3) + +&#x200B; + +**Post 2 -** No mess here. This is where i've refined the theory and made it simple, understandable and as clear as day for anyone to understand. + +Again, just look at the white lines. That's when GME should move (again never forget +-1 day accuracy). + +[https://www.tradingview.com/chart/GME/ATA3MRUc-GME-Next-FTD-Reset-or-Bleed-Dates/](https://www.tradingview.com/chart/GME/ATA3MRUc-GME-Next-FTD-Reset-or-Bleed-Dates/) + +*Press play and see the result.* + +&#x200B; + +Screenshots for bored folk - **Before** + +https://preview.redd.it/ku7li0y400771.png?width=1567&format=png&auto=webp&s=7d064c29afc1694deb156e44666d3b4ef3b30343 + +Screenshots for bored folk - **After** + +https://preview.redd.it/dn7c4za600771.png?width=1571&format=png&auto=webp&s=1781e1b320cf9f583a38439b5fd4f2a9dd3a4081 + +&#x200B; + +&#x200B; + +# Part 3 - The doubter + +If you can do the same by using the T+21 - T+35 theory go ahead. You have proof, it's undeniable. Really, i've posted this proof before and people dismissed it. + +I posted proof above, what else do you want? I spent 3+ months building, verifying this theory into a working methodology and provided proof above. Take it or leave it or do better yourself. + +&#x200B; + +&#x200B; + +&#x200B; + +# Part 4 - The methodology & Basic Example + +The methodology is already posted in the threads below, but i'm going to repeat it one more time in case it was missed (And i do think it was missed by too many people). + +* [Part 2 - The next FTD cycle bleedout days](https://www.reddit.com/r/Superstonk/comments/nzkwkf/part_2_intraweek_max_pain_the_next_ftd_cycle/) +* [Part 3 - The next FTD cycle bleedout days](https://www.reddit.com/r/Superstonk/comments/nznccu/part_3_intraweek_max_pain_the_next_ftd_cycle/) + +&#x200B; + +**Methodology Intro - Naming** + +I personally call it something along the lines of: **"Reset or Bleed"** + +The methodology assumes that on the days marked on the chart, the MM/SHFs or are forced to deal with the effects of their shorting activities. + +On the days marked on the chart, MM/SHFs have to decide whether they want to: + +* Kick the can **(Reset)** +* Deliver/Cover **(Bleed)** + +&#x200B; + +**Methodology - Basic Example** + +I'll be explaining how the basics of the methodology work. You can derive a date on which GME will move significantly based on this. + +&#x200B; + +**Step 1** + +*Simple* + +1. Take a day where you believe a decent amount of shorting occurred. +2. Count T+21 days from that date into the future. +3. Count T+35 days from that date into the future. + +Now repeat this for all other dates on which you believe there was decent shorting going on. (Yes assume all red candles are baddies shorting) + +&#x200B; + +***Step 1 -*** *Example Chart* + +https://preview.redd.it/4d2vzeuk10771.png?width=2444&format=png&auto=webp&s=0f1ee967e4fe43d1e6794bb81b896708da490b57 + +&#x200B; + +**Step 2** + +>*Think like a hedgie. Be the hedgie. See the world through the hedgie's eyes.* + +Based on the chart in Step 1, we now have 4 dates on which MM/SHFs need to make a decision: + +1. June 14 +2. June 15 +3. June 16 +4. June 18 + +The T+21 and T+35 dates are coming up for the previous shorts, do you: + +* Kick the can **(Reset)**? +* Deliver/Cover **(Bleed)**? + +&#x200B; + +***Think like a hedgie*** + +* You have 4 dates for Reset or Bleed in the exact same week. How do you deal with this? +* Failing to deliver is **NOT** an option. + +So you **MUST** ***"Reset or Bleed"***. (Kick the can or Deliver/Cover). + +&#x200B; + +***Why is failing to deliver NOT an option?*** + +It should be fairly obvious at this point. Failures to deliver have been at an all time low since January's sneeze. + +You're a hedgie and you DO NOT want the SEC's attention on that 1 hot meme stock. + +[FTDs at an all time low since January's sneeze. If you FTD too much, someone's gonna ask start asking questions.](https://preview.redd.it/zz69vk7x40771.png?width=960&format=png&auto=webp&s=4342437af775d0c9322c829da12bc0929d738543) + +&#x200B; + +**The T+21 and T+35 Cluster** + +As we said previously above, we have 4 dates in the SAME WEEK on which T+21's and T+35's for previous shorts must be dealt with. + +https://preview.redd.it/lreb419h50771.png?width=1068&format=png&auto=webp&s=c7f08cba73acd6c69747c0ffa5f4e2aa0ef2aeea + +>**Q:** If you're a MM/SHF, what's the most logical thing to do for the above dillema? When do you deal with the underlying problem of you being too greedy and the T+21 and T+35 cycle? + +&#x200B; + +>**A:** You would **"Reset or Bleed"** ALL 5 coinciding cycles of that week on June 14 (Monday) right? Well usually yes, but in some cases this is instead done +1 day later. The reason that i suspect this is done is because of **FTD close out lock-in's**. +> +>This is a Finra or Sec rule (I can't remember) that says if you exceed T+21 or T+35 for closing out an FTD or what's about to be an FTD, they'll auto close it for you at market price and charge it to your balance. + +&#x200B; + +Now you also understand the better reason why no one wants to have pending FTD's with GME. If you have a lot of FTDs and they get auto closed out by **Finra/Sec lock-in trades** at the wrong time, they could cause "delivery/covering" at the strategically wrong time for a MM/SHF. + +Imagine this happening for a lot of FTDs at $280 a week ago. It would trigger the moass. Similarly, imagine FTD's getting auto-closed out at market price DURING the moass. Scary (for them). + +&#x200B; + +**Step 2 - Result** + +Well see for yourself. + +They made their move on the 15'th and not the 14'th as you'd expect. It's possible they're not even lifting a finger here and letting Finra/Sec's system auto-close to-be FTD's for them. + +https://preview.redd.it/9zbwann480771.png?width=1561&format=png&auto=webp&s=12c9ad14b22234e6c14a6c6efa24f206aa12213c + +&#x200B; + +&#x200B; + +# Part 4 - The Methodology & Advanced Example + +This part will be messy and complex looking but i swear it's not if you've been paying attention. Incidentally, it's also already explained [here](https://www.reddit.com/r/Superstonk/comments/nznccu/part_3_intraweek_max_pain_the_next_ftd_cycle/), but here we go again anyway. + +&#x200B; + +**Part 1 - Mapping all T+21 and T+35's for all significant short days** + +It's simple, find a significantly short looking day in the past and count T+21 AND T+35 from it. Mark those 2 dates. Repeat, repeat it a lot... + +&#x200B; + +*All "significant" short days, mapped.* + +https://preview.redd.it/6gxrwk1390771.png?width=2443&format=png&auto=webp&s=9981d25816a2a9ce8d619088bbdd4c340b3a997a + +&#x200B; + +&#x200B; + +**Part 2 - Map all T+21 and T+35's for each Week** + +Here's this week's (June 21 - 25) map as an example. More details already posted [here](https://www.reddit.com/r/Superstonk/comments/nznccu/part_3_intraweek_max_pain_the_next_ftd_cycle/) + +https://preview.redd.it/vsykczg9a0771.png?width=2107&format=png&auto=webp&s=6f65e3fc4afeb421bc50d5f63ce279014c4bea7f + +Here's the result of what happened this week. Tradingview chart [here](https://www.tradingview.com/chart/GME/ATA3MRUc-GME-Next-FTD-Reset-or-Bleed-Dates/) + +https://preview.redd.it/ny72bm3ea0771.png?width=1561&format=png&auto=webp&s=e0b5c843996312d9598cbc0bf9957214b1dbf497 + +&#x200B; + +# Conclusion + +Yeah this shit works. + +Also look at what next week looks like. There's a LOT of cycles coinciding in the same week. To add even MORE to that, the cycles ending in this week are the result of the big 5 mil share offering of GME (technically a short). + +I really wonder whether the big 5 mil offering short will cause a big movement next week due to the T+21 T+35 cycles for it all end in the same week. I think it's a question of whether MM/SHF's have enough funds to **Reset or Bleed** (Kick the can or Cover/Deliver). + +I absolutely LOVE the perfect timing of this. It coincides with the Russel Reconstitution, with the 30'th of June Moratorium of rent stuff in the US and the release of the Bank Benchmark results as well as other things. + +I truly hope this is the 4D chess RC has played with this 5 mil offering. + +&#x200B; + +**Next Week's Map** + +Here's next week but please mind you, this one is VERY convoluted and difficult to decipher due to the amount of T+21 and T+35 cycles ending in the same week. + +I've done my best to figure out the days GME will move. + +&#x200B; + +*That's a lot of damage* + +[Please ignore the circle on the bottom, it's part of THIS week, not next week. Erroneously added.](https://preview.redd.it/akgb4t8wb0771.png?width=2445&format=png&auto=webp&s=9fdd8a79735ed934eccb4c2afca1e367667d003b) + +&#x200B; + +https://preview.redd.it/33822rq5c0771.png?width=2457&format=png&auto=webp&s=dedfc30628e1d4392bca4998655a1f5f6196911a + +The mover dates/lines i added to my online tradingview chart are 30'th of June, 1'st and 2'nd of July. + +I tried my best to narrow it down, but i couldn't because next week is simply very complex and difficult to figure out and i'm winging this one based on my past experience using this methodology. + +Logically, the mover date for this should be the 30'th, but because the MM/SHF's won't touch this, i suspect we'll see another FINRA/SEC FTD auto-close out the next day on the **1'st of July.** + +Anyway again, for the millionth time, here's the link to my thing showing when we'll possibly move next week. [https://www.tradingview.com/chart/GME/ATA3MRUc-GME-Next-FTD-Reset-or-Bleed-Dates/](https://www.tradingview.com/chart/GME/ATA3MRUc-GME-Next-FTD-Reset-or-Bleed-Dates/) + +&#x200B; + +[Related, it's some of you. Get excited and accidentally sell all your GME because the 1'st of July didn't result in anything significant at your own risk. If you paperhand GME for something as dumb as a date, you deserve your fate.](https://preview.redd.it/14sq9hnfd0771.jpg?width=500&format=pjpg&auto=webp&s=dc0ebcd00a1e59a1cbe244becb8caf583899f878) + +&#x200B; + +**None of this is financial advice and i'm not a financial advisor.** +Have you guys thought about this yet? + +One month ago we got this: [GAMESTOP: RISE OF THE PLAYERS](https://www.youtube.com/watch?v=xeT6_kMi8Po) + +Next week we have this: [Gaming Wall Street | Official Trailer | HBO Max](https://www.youtube.com/watch?v=ViEKPjkjEWI) + +Additionally we have whatever [Dave Lauer is hyping and releasing](https://twitter.com/dlauer/status/1497244339562586139) + +BTW do you know who [Elon Musk is, because 75.1 million people on twitter do](https://twitter.com/elonmusk/status/1497340315832832002) + +Oh yeah and one more thing: [The Legendary Jon Stewart talking GME on Apple TV](https://twitter.com/jonstewart/status/1492204167053692932?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1492204167053692932%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.shacknews.com%2Farticle%2F128808%2Fthe-problem-with-jon-stewart-is-doing-a-gamestop-gme-episode) + +Do you see where I'm going with this and how much publicity this story is getting again? This is all happening simultaneously with a DOJ investigation too. Earnings szn is right around the corner and with all this hype I'm really struggling to contain my tits. Get hyped everyone we're so close +So, like some others I was initially a bit underwhelmed and disappointed that todays launch of the NFT marketplace didn’t have any premier partners (Nintendo, Pokémon, Louis Vuitton, Nike, etc.), but then I started to see what they actually did. + +They gave the artists and creators that they recruited right here on Superstonk, the talented among us, the first dibs at the platform, what an honor! And these creators knew exactly what types of NFTs we would find delightful, because they are us. + +It’s a soft launch for family and friends, and it’s a privilege we will all cherish in the years to come when the marketplace has transformed into something much grander as it evolves. + +The elite brands will come, the games and ownership of media will come, and yes, the new stock market exchange will come as well, but we were first. +I fucked around my whole 20s. Travelled, did a couple degrees, did drugs. I’ve finally started a career (physiotherapy) but have like $1000. I used to never care at all about money but now that I’m older I’m starting to want more and have financial independence. Is there still time? + +Edit* thanks for the replies everyone. Reddit is actually great, there is some really good advice in the comments and it’s made me feel better about my future prospects. You are all motivating me to set goals, work hard and make it happen! Thank you :) +For the last few years I've been driving a 2009 Nissan Versa hatchback. It's been a great little car, but it was old and starting to fall apart, and then I found that it was burning oil at an alarming rate. So for the past month or so I've been hunting around to see what I can find. + +&#x200B; + +I found a 2014 Ford Focus SE hatchback that had all the options I would get had I bought it new; leather interior, fog lamps, sport package (you get rear disc brakes with this, very important) and a manual transmission. Focus' are super good deals right now IF you get the manual, because the automatic transmissions were absolute garbage and brought down the value of the car across the board, but the rest of the car is well made. + +&#x200B; + +The car was advertised around $7500 with around 71k miles, both KBB and Edmunds valued the car around $8k if it was in "excellent" condition. So I put a deposit down on the car on the condition I could get a prepurchase inspection. On a car this old with this many miles, I didn't expect anything too crazy, and from the outside it looked and drove fine. + +&#x200B; + +Well guess what, it needs about $1100 of suspension work! I go back to the dealer and say "I want to buy this car today, and I'm fine with the price it's at, but not the work it needs. To sell me this car, you can either a) fix what needs to be fixed or b) knock $1100 of the price and I'll have it fixed." + +&#x200B; + + Well they decided to knock the price of the repairs off the price, and I drove off in my car. ALWAYS get a prepurchase inspection on used cars, no matter how nice they look or good they drive! +For those who are not aware, Elon Musk’s favorite cheese of all time is Stilton. We all know how well Musk tweets run but this one is entirely different. They used the initial boost they got during the heyday of cheese coins and decided to attach legitimate utility to it. + +&#x200B; + +What really surprised me from the jump is their effective marketing. This team are insanely good storytellers and the way they describe how the project came together truly makes you want to ape in and be apart of the $Stilton community. + +&#x200B; + +In only a couple days after launch the team released a parallel NFT project that did extremely well. They did not just stop at NFTs either. + +&#x200B; + +Due to the fact that the community was rallying around the token so hard, the team went to the drawing board and asked themselves how exactly do we provide longevity, engagement, and utility while still keeping the immense amount of fun and energy meme tokens should have. The answer, $Stilton Casino. Yep, you read that right. They are going to be launching a multitude of fun, lottery/casino type games where you can use $stilton as the currency. + +&#x200B; + +But, the coolest aspect of the entire project is that they are actually sending a piece of Stilton Cheese into SPACE. YUP, SPACE. A testament to how far the team thinks the project can go mixed with a marketing campaign that has a huge chance of going viral. Maybe even Elon himself will notice the piece of Stilton flying around up there on his next trip to Mars. + +&#x200B; + +Don’t fade good teams with strong communities, they are already legging up as I am typing this + +&#x200B; + +Tokenomics: + +Current Supply: 7,423,664,728,387 + +Holder Count: 1,057 + +Market Cap: $10M + +Liquidity: $1,083,272 + +&#x200B; + +Taxes: + +10% on both buys and sells + +&#x200B; + +5% is melted (branded term for burns) + +5% goes to a marketing wallet to help grow the project + +&#x200B; + +Links: + +&#x200B; + +Website: [https://www.stiltonmusk.com](https://www.stiltonmusk.com) + +&#x200B; + +Dex: dexto ols.io/app/ether/pair-explorer/0x779dac1f4df345acb6ee814afda755f1693770cb + +&#x200B; + +OS: starsofstilton + +&#x200B; + +Twitter: [https://twitter.com/StiltonMusk](https://twitter.com/StiltonMusk) + +&#x200B; + +Telegram: [https://t.me/stiltonmusk](https://t.me/stiltonmusk) +***A brick-and-mortar video game retailer in the time of digital downloads will go up to unimaginable heights while the entire stock market crashes.*** + +That's MOASS. Now, for a minute, take back everything you learned from here, **everything**, and just see how stupid and absurd that statement was. + +Now re-incorporate all the information you've learned and re-realize that it's precisely the absurdity of this scenario that the bettors on the losing side made this all possible. + +Who cares about video games discs? People download games these days. Gamestop will fail soon -- short it. + +Even if there is still some demand for video game discs, there's Amazon to deliver it to them anyway. Gamestop cannot deliver at that scale -- short it. + +Gamers are a small subset of the economy. They're just a bunch of basement-dwelling nine-to-fivers earning minimum wage so they don't matter. Gamestop cannot make money off of these monkeys even if they tried -- short it. + +Gamestop only has 76M shares outsanding and is just a few dollars away from becoming a penny stock. If we keep the selling pressure even deeper, it'll go down to $0, especially because nobody will go to their stores during COVID-19 -- **naked short it**. + +&#x200B; + +Well, ok. + +&#x200B; + +Except that high quality games take too long, way too long, to download. + +Except that Gamestop is now following the Chewy model of delighting a dedicated niche. And that very model has beaten Amazon in that market. + +Except that many gamers aren't actually basement dwellers, but healthy individuals with disposable income they can use for recreation, and now they can use that money for investing in Gamestop. Even further, they will work overtime and sell their blood to buy some more. Even more again, these gamers have developed the dedication, patience, and perseverance needed to scour the internet for information to figure out tricky gaming scenarios as kids and now, these adults and young adults will use that very skill to figure out the games the suits play at Wall St. to clear this stage. + +Except that because a portion of that 76M shares are already owned by insiders and institutions, only the remaining fraction is needed to be registered in the company books. Once completed and there are still shares held in brokerages and omnibus accounts, then the supposedly basement dwellers will have pinned the suits in a checkmate scenario, irrefutably proving that more shares have actually been sold than exist, in other words, that they just said trust me, bro, then stole the investors' money. And now, they will have to buy it all back at potentially unimaginable prices until they are liquidated. + +So, if people are laughing at you now for investing in a stupid video game retailing company, just remember that you can either put up with it, or stay quiet, but it will not change the fact that the premise of MOASS is as solid as diamonds can be. + +The shorts can only say weightless arguments against Gamestop, because they know that if they address point-by-point everything that has been said about the MOASS thesis, then they are just going to open a can of worms for themselves, because none of their arguments make more sense than the best of the basement dwellers' research. + +Sure, they can call it again as one of those silly old conspiracy theories, it's easy enough to make one after all... but they almost always don't include multiple repeated calculations, internal debates, and government agency reports supporting them. +Correct me if I am wrong but the Soviet Union and consequently central planning are considered to be failures at least economics-wise. But I was bored and looking at GDP per capita over [here](https://ourworldindata.org/grapher/maddison-data-gdp-per-capita-in-2011us?tab=chart&year=1957&country=Former%20USSR+USA) and found that the USSR seemed to do quite well. Starting in 1921 at a GDP per capita of $1,051 and ending in 1991 with GDP per capita of $18,574 means that the USSR grew by 1657%. Doing the same thing over the same period with the USA results in them growing by 348%. My question is if the USSR grew so quickly then why are it and central planning considered a "failure"? +I often see gas stations within a mile or two of each other charging 20-30 cent differences. I live in an area where United Dairy Farmers night charge $2.55 per gallon versus BP charging $2.89 per gallon. If your tank is at least 12 gallons, that’s like $3.60 difference at least. In terms of perfect competition, shouldn’t we expect these gas stations to sell at the same price? +The way QE was explained to me is that the Fed buys government debt from a couple of dozen private banks (not directly from the government) and that it does this by creating dollars that didn't exist before in the accounts of those private banks. + +If my understanding of QE is correct, I can see why it can be called 'printing money' in the sense that the Fed 'printed' new dollars to buy the government debt from the banks. But the banks would have had to use 'old' money to buy said debt, and they could have sold it to anyone not just to the Fed. It's not like they got free money from the Fed. + +Does the new money come in from them selling the debt to the Fed for more than they bought it at? And if that is the case, is that a significant amount? +95% of my portfolio is in broad based ETFs (think VOO, VT, VXUS, QQQ). I have been $ cost averaging for 18 months and I am obviously carrying losses atm. I am confident that I'll see 8-12% YoY on average over the next 20-30 years because that's how it works but I have two reservations: +1. As ETFs become more dominant, there is less active pressure on companies to improve their performance. +2. A small number of large companies skew the ETFs do they're not as diversified as I think +Do you agree with these points and should it concern me? +Hey everyone I’m getting into investing and would like to put 200-250 into etfs every month. A friend of mine recommended to split the money between VIG and VIGI so I have one international one domestic. I know both are dividend etfs but I’m not sure of the pros/cons between dividend etfs and others. I’ve seen on this sub a lot of people are fans of VOO and VTI. So maybe I should consider those? Any advice would be appreciated! +I’m very new to algo-systematic trading and have been discretionary trading for about 3 years now. I’m trying to step away from intraday trading and want to leverage simple moving average crosses with a higher timeframe confluence. Now, the variables that I have found to be effective are: +-relative volume (10 day period) +-ATR for SL & PT (14 day period) +-5 / 21 / 50 SMA + +The system itself it pretty simple and really tries to follow a trend after price breaks the 5 & 21 SMA on >1 RVOL (variable confirmation 1), and if price breaks the 50 SMA in addition, that would be a secondary and more important confirmation 2 (full size position). + +Since I have no friends that are remotely interested in trading / excel nerds, I wanted to ask 1. Am I on the right track here? +2. Should I just be doing this on python instead (currently learning)? +3. What other variables should I consider adding to my system? + +Thanks, +-Vasili +In 2015 my partner and I were making almost $300k/year and I was getting cocky. We paid off $100k student debt in a few months. Our net worth was approaching $1M. I had dreams of retiring at 40. Then life happened. A lot of it. + +We realized duh, we want kids, so we had 2. My partner quit her job to raise the kids, I decided to leave my great job for a startup, then I got fired. Somewhere along the line we both started resenting each other and almost got divorced. That basically broke the retire-by-40 FIRE plan. + +Now I prioritize my family’s happiness over early retirement. My new job is family-friendly and I’m in better mental and physical health. I actually have time to nurture my relationship with my partner so that’s getting better. I feel I make enough money and my job is good enough, so now I’m working on maximize my relationships. We are also helping our elderly parents live more comfortably. + +Our income is back around $200k but in HCOL our savings rate is only about 20%. Since we’re 50% FI, the [shockingly simple math](https://www.mrmoneymustache.com/wp-content/uploads/2012/01/years_to_retirement.png) tells me we’re now retiring at 55. And I think I’m cool with that. + +What’s your story? What have you found that’s worth slowing down your FIRE journey? +Update on 12/22: TL;DR, A valuable article for anyone engaged in writing calls (naked, spreads etc) on Hard-To-Borrow stock: [https://www.nasdaq.com/articles/mailbag%3A-huge-hard-to-borrow-rates-can-cause-huge-trouble-2020-07-16](https://www.nasdaq.com/articles/mailbag%3A-huge-hard-to-borrow-rates-can-cause-huge-trouble-2020-07-16) + +I became complacent assuming HTB rates don't exceed 20%. That's not the reality. While E\*Trade is particularly bad, as many pointed out, other brokers charge negative rates of 500% and up. Your responsibility, however inconvenient, is to check the HTB rate before placing any trade, then monitor the HTB rate for as long as you hold the position since rates fluctuate. This is particularly important if the calls you sold are ITM and closer to expiration as the risk of assignment goes up. + +Thank you for comments and happy trading everyone! + +\------ +Today I got a notice of assignment. I trade thousands of options annually, I'm not new to being assigned. However, this notice shocked me and I wanted to share it with the community. To confirm, I called the E\*Trade Customer Service so it's not a typo. The first rep I got seemed genuinely surprised as well but was unable to assist. He passed me on to a Trading Specialist; after a few minutes the specialist (while also surprised) confirmed the HTB rate on the symbol QS is indeed 900%. It's charged daily including for weekends and holidays. + +ETrade [FAQ](https://us.etrade.com/e/t/estation/pricing?id=1301024321) regarding HTBs, shows examples with a 25% rate. The FAQ mentions the HTB rate depends on the security. + +Thus 1) careful if you're using ETrade as their HTB rates are >!insane!<, and 2) there is no upfront warning that a short position from a possible assignment may be subject to HTB rate. The FAQ claims there is a warning when you directly short the stock, but you don't get a warning when selling Calls. I'm not sure if this is an entirely legal practice since there is no way to discover the cost until after you are assigned. + +*The short stock position is fully hedged via long-calls which I paid for at a premium and thus capping mine and the broker's risk.* + +All the best. + +[Covered short position](https://preview.redd.it/l0tt7sti8d661.png?width=588&format=png&auto=webp&s=5e489823ac856e118b92a1e97705d1eaa6316d9c) + +&#x200B; + +[Notice of 900&#37; HTB rate](https://preview.redd.it/zpc74vx9q8661.png?width=1126&format=png&auto=webp&s=83d62db37140b5bb04980a9c494dcd7903d13a26) +I've been using stockstotrade but it's pretty expensive. I'm pretty new and wanting to learn with decent software but not shell out too much now. What are some good and affordable trading software I can use? +I'm UK based but trade primarily US Penny stocks +My fiancée and I are recently engaged and she just told me that the place I thought they were renting is actually owned by her and her sister. + +After her father left them, it looks like they pooled their finances and bought a townhome about 4 years ago. + +It’s under her and her sister but all three (mom, sister, fiancée) have been splitting the mortgage and evenly the last four years. + +She told me she is looking to get out of it by signing it over to her mom (she’s not looking to gain anything from it, it looks like she just wants to gift it her and get out of the mortgage) + +I am just wondering how this could affect us in the future once we’re married. Provided there were never any late payments and they were financially responsible, is it possible for her to actually remove her name from her mortgage and not affect our own finances once we pool things together? I am wondering if this would ruin for example, the First time home owners programs the government provides if we were to try to buy our own place. + +Also idk how this looks like on her report when we are applying to rent an apartment +My fiancée and I are recently engaged and she just told me that the place I thought they were renting is actually owned by her and her sister. + +After her father left them, it looks like they pooled their finances and bought a townhome about 4 years ago. + +It’s under her and her sister but all three (mom, sister, fiancée) have been splitting the mortgage and evenly the last four years. + +She told me she is looking to get out of it by signing it over to her mom (she’s not looking to gain anything from it, it looks like she just wants to gift it her and get out of the mortgage) + +I am just wondering how this could affect us in the future once we’re married. Provided there were never any late payments and they were financially responsible, is it possible for her to actually remove her name from her mortgage and not affect our own finances once we pool things together? I am wondering if this would ruin for example, the First time home owners programs the government provides if we were to try to buy our own place. + +Also idk how this looks like on her report when we are applying to rent an apartment +My husband and I are purchasing a $685,000 home with $120,000 down. Our interest rate is 4.8% making the payments $3600. Eek! Here is our financial situation: + +Pre-tax income- $205,000 a year + +Debt- car payment of $460 a month + +Car insurance-$120 + +Groceries- $800 per month + +Phones, internet etc-$200 + +We still want money left over for retirement, savings and college savings for our little one +I’ll start off by saying, “scam” is in quotes in the title because she wasn’t so much scammed as much as she gave money to a stranger for absolutely no reason, and I’m worried about her mental health at this point. + +Here’s what happened: + +Yesterday, she noticed a charge on her credit card statement for $650 from Xoom (PayPal’s money sending service.) She knew right away it was an error/scam so she contacted her financial institution and had them handle it, and she got a new card and everything. All was well at this point. I’m happy she at least handled that correctly. + +With her new card, she started calling around to all of her services such as Netflix/Hulu/PayPal to update her card information. + +Well, at some point, she thought she was on the phone with PayPal’s support (this is where it gets fuzzy for me. She is either embarrassed and not telling me the whole truth, or she can’t remember what actually happened) and the “security person” had her download a Bitcoin wallet/exchange (Bitcoin dot com app) and a remote access app (Any Desk) and then proceeded to have her buy Bitcoin in roughly $700 amounts and have her transfer them to him. + +She wound up sending close to $3000. + +It wasn’t until this morning where she called me and asked if she was being scammed. + +I don’t even know where to begin. Why did she think that she needed to be sending cryptocurrency to update her credit card info? Sigh...I’m still so confused by all of this, so I’m just writing it all out here in order to help me put the pieces together. + +The money is gone forever, I realize that, I just want to know how she got in contact with this person in general. She says she contacted PayPal’s customer service directly through their app, but they transferred her to the scammer? That’s the part that doesn’t make sense to me. + +Y’all, just, just check on your older parents. + +End of the day edit: + +Thanks so much for the advice and anecdotes everyone. This is such an awful experience, and one I had hoped to never encounter. I’m still in the process of changing all of her passwords and getting her cards canceled and replaced. I wish I could reply to everyone personally, but I’ve been dealing with a lot today. All of this on top of nursing school is NOT fun. +This is probably said a lot here but I really came to understand it this week. Still kind of new but have a good understanding of options now. Pretty much was up 65% on my positions up to Thursday. I could’ve easily closed out here for a good week (+$400), but I wanted to see the options expire and gain the last $200. Friday comes, Bullard opens his trap, market tanks and my puts start going ITM. Lost all my gains for the week. + +So obsessed with getting the last $200 dollars I forgot that I gained $400. I won’t feel like I missed out going forward if I gain 60% - 70%. +My workplace has a “secret pal” system where we give and get gifts every so often throughout the year. I received some things these past couple of months that I didn’t really need (Halloween socks, Christmas mug, reindeer-shaped hot cocoa mix bag, Eos shimmer lip balm, notepads, etc). I was about to return a dress to Target and out of curiosity, I decided to use the Target app to scan the barcodes of the little gifts to see if that’s where they had bought them. When I saw the prices, I was so surprised! Most of the things were a dollar or two, but a couple were worth more than I expected! The Eos lip balm was five dollars! The cocoa mix was four dollars (even though it only had one serving)! Well, I brought them all with me when I returned my dress. I explained they were gifts but I didn’t have a gift receipt; they said it was no problem. Overall, these little things added up to $25 dollars! They were cute and I could have used them if I really wanted to, but I didn’t actually need them. Don’t be afraid to return things you don’t need! +&#x200B; + +[No problem here. ](https://preview.redd.it/2k359lm3tf371.jpg?width=1366&format=pjpg&auto=webp&s=9fe0a12d5bef1c8610ba126551a1aef98a827460) + +Ponder with me for a moment: + +A Tsunami is coming to hit New York but the *public has no idea*. + +The Weather Channel has spent weeks bringing in experts to talk about anything else. + +They know. + +Hours of experts discussing how dry it is out west. + +They know. + +Charts and clips showing how beautiful the oceans are. + +They know. + +Any mention of troubled seas is blamed on amateur back-yard weather boys and the gamification of storms. + +Do meteorologists have a legal obligation to tell us? Maybe not. Do they have a moral obligation? *Damn right they do*. It’s people’s livelihoods after all and we have given this topic a platform for all to see. Farmers, Charter Captains and my mothers prize orchids *depend* on them. They welcome the content into our home. + +I’m a smart Ape, I get my weather info from reliable sources. Unfortunately, I’m competing against lies and manipulation as I try to get my family to higher ground. “It’s dry, the oceans are perfect.”, they say. + +I just want to save my family from this impending tsunami but they trust the Weather Station after 20 years. They love me but I’ve only been a weather-boy for 6 months so they want to wait and see. After all, even the warning signs would be obvious. There’s no way the Weather Channel would hide all of it. + +Last week the oceans receded and there’s a wall of water headed to crush my community. + +Meanwhile, the Meteorologist reads his teleprompter: *“Don’t say Tsunami, Don’t say Tsunami, Don’t say Tsunami.”* + +&#x200B; + +***“Tsunami, Yeah.”*** + +&#x200B; + +Burn it all down. +Seeing the chart of IRCTC, I am beginning to regret not buying it on the listing price. + +The experts felt the the rally towards ₹900 was like something on steroids. But, now it around ₹1500. + +[Irctc](https://i.imgur.com/48ir498.jpg) +These are the opinions of a person that comes from a culture very similar to that of Russia and you Westerners need to start understanding just how different we view things. + +Russia’s objectives was never to start an open conflict with Ukraine, it was to increase its influence in the region, particularly amongst the states that once formed the Soviet Block and due to the utter buffoonery of the United States, Russia’s plan is a bigger success than it could ever have hoped for. Let me explain. + +You see, unlike the USA, Russia and other eastern countries don’t view open conflict as a preferred solution. Why? Because we don’t treat war as a business model. We prefer cleaner, and longer lasting options. Just think about it, Russia has nothing to gain from going to war and almost everything to lose. Just look at their investment into the Nord Stream pipelines and how their GDP is dependent on oil and LNG exports and you know I’m right. + +The biggest mistake America and its Western allies always make time and time again with Russia and China is to think that conflict will always be a militaristic one, but in reality, trolling and subversion can have a far greater impact than any army ever could, and Russia, just trolled the fuck out of the US. By moving part of its army close to the Ukrainian border and acting somewhat hostile but not hostile enough for it to trigger open conflict, Russia was able to get a knee-jerk emotional response from the United States. This came in the form of rapid deployment of troops and the supply of armaments, but most importantly, it caused warmongering rhetoric from the current administration. And this, is what Russia really wanted. + +You see, Ukraine was always concerned about Russian aggression, but never concerned enough to cause widespread panic amongst its populace, and believe it or not, they are more focused on domestic and economic issues rather than Putin’s shenanigans. This is because unlike the 2014 annexation of Crimea, Ukraine’s current government is fully in control of the country and Ukrainians are more united than ever, so the prospect of a full-scale Russian invasion that will result in the deaths of millions will always be a microscopic one. + +But that is not what the US thinks. The US, thinking that conflict can only ever be solved through who has the most guns, immediately started beating the war drums and Joe Biden even went as far as to create a literal fucking date for the invasion which was originally this Wednesday before moving it to this Saturday. This kind of rhetoric is carried by the corporate media for the entire world to see and spread and fear and panic amongst global investors. That fear and panic got so fucking bad, it literally ends up causing the Ukrainian economy to go into freefall, costing the country untold billions of dollars’ worth of damages every day. It has now gotten so bad; the fear being spread by US media is now doing more damage than the actual Russians. Don’t believe me? Check out this chart of the Ukrainian Hryvnia to the USD. + +&#x200B; + +https://preview.redd.it/1e0baseu4ii81.jpg?width=1084&format=pjpg&auto=webp&s=aaf2c294d93911d58ba750b13f4e75a235a49b88 + +Want more proof? David Arakhamia, the leader of Ukraine’s parliament said the following: **"There is always a threat from the outside. But! Remember the escalation last spring? Today's situation is no worse than that - it's roughly in the same range, Why is the Western media making such a big deal out of it? It's hard to say,"** **Arakhamia remarked. Any surprises can be expected from \[Moscow\], we must be ready for anything, but not amplify panic.** + +**This is diplomat speak telling the US media to shut the fuck up.** + +Now for the icing on the cake, even the Russian Foreign Ministry put out a statement, asking Western media outlets to put out dates of which Russia will invade Ukraine so that Russian diplomats can schedule their vacations around it. They are fucking laughing at you. + +&#x200B; + +https://preview.redd.it/wsojif1v4ii81.jpg?width=1090&format=pjpg&auto=webp&s=3782d65f605dc599c79f9a96d7fab034ef943587 + +Don’t even make me get started on Ukraine’s own president trolling social media by posting that he expects an imminent invasion later this week, which he later clarified to be a joke designed to target the fear mongering caused by the US media. + +Now you might be asking yourself, why does this make Russia the winner? Because it damages US credibility and causes its allies in the region to question the ability of the US to protect their interests. Right now, the United States is causing panic that is crippling Ukraine’s economy and all Russia has to do is to say to the Russian population how justifiable its military exercises are because of how radical the West has become. Meanwhile, Ukraine and Russia are already hammering out a diplomatic solution without the US at the table. The Ukrainian president already heavily hinted that they will not be joining NATO, saying that a NATO membership is akin to “having a dream” and Russia in turn is openly supporting recognizing the Donetsk and Luhansk regions, both situated in eastern Ukraine as independent states, which mean Russian backed rebels will finally stop fighting Ukrainian troops. This would mean that not only, will Ukraine probably never join NATO, Russia just secured another buffer zone against the west via the formation of two new independent countries. Countries, that Russia almost have complete control over. + +What’s more is that other countries in the region are openly seeing the damage the US is causing and are most likely privately questioning whether or not it’s a good idea to get the US involved in their affairs if Russia decides to become aggressive again in the future, and they will. Why? Let’s say you’re Lithuania, a NATO country and Russia starts doing their ‘military exercises’ along your eastern border. You can call in the US, but if you do, chances are, the US is going to cause far greater economic harm than Russia ever could. So what are you most likely going to do? Call in the US and watch as their media tanks your economy or just sit down with the Russians and hammer out a diplomatic solution so you both keep chugging along and tell the US to fuck off if it pokes its head into your internal affairs? It’s not a hard decision. + +In summary, this is death by a thousand cuts. Russia is going to keep on chipping away at the faith ally countries have both in NATO and the US until they view these two things as borderline obsolete. So, without firing a single shot, Russia can eliminate, through time, NATO and American influence in the region all the while forming its own deals and alliances until it is once again the biggest player in that region. + +Another aspect as to why Russia has already won that is not discussed nearly enough is the imminent signing of the new Iranian nuclear deal. Ali Bagheri Kani, Iran’s lead negotiator just publicly stated that they are close to a deal with the US and that a signing is just days away. This info, combined with Biden’s recent statements that they are working hard to lower prices at the pump can only mean one thing: Iran is going to start supplying the United States with oil. Iran, in case you people don’t know, is one of Russia’s closest allies in the middle east. So as Iran is supplying oil at the pump, Russia is going to start whispering ideas into Iran’s ear, trying to use them as a middleman in order to push Russia’s agenda into Washington via shady lobbying dollars. + +Also, on a side note, Iran selling oil is really going to piss off the Saudis since they are sworn enemies. This matters a lot because Saudi Arabia, via an agreement in the 1970s, has agreed to trade their oil exclusively in USD, meaning the USD is NOT a true fiat currency, hence we can print so much without real consequence. This means the US needs to find a way to placate them. This would most likely mean the US will have to take part in additional wars in the middle east to help the Saudis expand their influence, so hooray for that. + +One last thing, don’t count too much on shale, Biden’s ban on drilling on federal land just got lifted in December and its unclear how fast US production can pick up. Apparently, betting everything on the multi-trillion-dollar BBB plan with inflation running rampant thinking the country can just seemingly transition to green energy is not the smartest thing to do. + +https://energyfuse.org/biden-abandons-plans-to-curtail-drilling-on-federal-lands/ + +In conclusion, you Americans need to understand that a large chunk of the world doesn’t think the way you do. While the timelines for your objectives typically last until the next election, ours can last years, decades, sometimes even generations if need be. Don’t be too surprised, our countries have thousands of years’ worth of history, while yours started not even 300 years ago. Everything you think of as unfathomable; we have experienced countless times. Revolutions, invasions, dynasties, even genocides. Time has taught us patience, and its time you learned it as well. +So many people say that there is no guarantee that a Stock Market Bear Market or outright crash will end and a boom will follow. Each time people say THIS TIME IS DIFFERENT. + +Each of the 26 Bear Markets has been scary and many people bailed out and went to cash because there was no guarantee that the stock market would go back up. + +Is this Bear Market different due to a very unique situation? + +I thought this weblink was an interesting study on Stock Market Bear Markets. + +[https://www.hartfordfunds.com/practice-management/client-conversations/managing-volatility/bear-markets.html#:\~:text=There%20have%20been%2026%20bear,days%2C%20or%20about%209.6%20months](https://www.hartfordfunds.com/practice-management/client-conversations/managing-volatility/bear-markets.html#:~:text=There%20have%20been%2026%20bear,days%2C%20or%20about%209.6%20months). +*First part* + +Ok so some back story, I am in my early 30's, single, from a third world currently residing in Europe (*not as an refugee, I am in a foundation /preparatory program for the course I eventually intend to study at the Uni...more on that later*). I was born to a poor family ( *we shouldn't have been poor actually but my parents had a zero responsibility policy when it came to finances and planning, they left all responsibilities to a higher power*), Anyway this affected a huge part of my life, I had no opportunity to develop myself, couldn't get a higher education, my ambitions all felt way above my reach, until recently I haven't been able to attend the University, nevertheless I feel like I am now at a financially stable point in life where I can enroll for an undergraduate program at the University as a mature student. + +I had start working at a very early age and somewhere around 2014 I was lucky enough to put some of my savings into Cryptocurrency, precisely bitcoin, looking back now I am still surprised at how I held on to most of my bitcoins and sold only very little when I was really in need of some money. Anyway now I have about 220,000 euros in bitcoin (*220k Going by the current market rate, the price could still go up if or when we enter a bull market*). **My entire amount is all in Crypto and while I remain a believer in Cryptocurrency, I think it would be a good idea to liquidate some and diversify my investment into a more stable, long term source of passive income rather than just "HODLING"**, I know I have to talk to financial advisors but I feel like I would also get some good tips here too. **So first part of my plan: Diversifying my resources into some reliable passive income investment.** + +*The second part below might seem suited for an education based subreddit but believe me this is also a personal finance / investment situation.* + +Now back to what I mentioned about studying in the University, right now I am torn between studying in the UK and studying in Germany. The pro's of studying in the UK is that the UK, precisely England is an English speaking country, so I wouldn't have much of a problem going about my daily activities (*I am not sure about this one but I think studying or residing in the UK also gives me the chance to invest in the London stock exchange so maybe that could also be listed as one of the pro's of studying in the UK* ), + +However the cons is that the International student rate in the UK is astronomical and I doubt if there are any assistance offered to international students, **I am not looking to max out about 30% of my entire funds on tuitions in the UK plus the very expensive accommodation situation (when I include rent and yearly survival that's almost close to 45% of my funds).** + +As for Germany, the pro's are - free education (I get to invest the money I am supposed to spend on tuitions in the UK) and also a standard of living that could be more affordable compared to the UK. The cons are the language barrier (I intend to learn the language and have already picked up some little vocab using youtube and mobile apps), and the fact that Germany tends to be overly bureaucratic . + +So basically I am looking to diversify my investments and also make a decision on a place to study and reside. I had plans of applying for the Portugal residence program but that's going to cost about 200k which is pretty much most of my resources so I intend to raise money and maybe revisit that after having some elbow room financially. Also the United states would have also been an option as they have a huge investment market there but that seems to be exclusive to American citizens only and the tuitions there are just as bad as the tuitions in the UK. + +I look forward to some advice on the smartest ways to invest my little some of 200k euro without taking too much risks. +**First of all let me be clear that I am absolutely sure that actual %SI is multiple times the float but I also do believe that this 113.48% float short reported on FinViz is a stupid but simple bug.** + +There is a lot of buzz around this value of 113.48% from FinViz and 71,196,206 short position from Thomson ONE and while in general I'm as hyped as everyone I also like to be down-to-earth and crosscheck facts. + +So before I got fucking downvoted into oblivion for killing the hype let me say a disclaimer that I always prefer to be well-informed than just hyped over nothing and I'm not going to change my mind. So there are two things flying around here today. One is the screenshot from Thomson ONE platform: + +[Note 71,196,206 short position reported both for 11\/15\/21 and 12\/31\/20](https://preview.redd.it/fpqqu1isgl281.png?width=1000&format=png&auto=webp&s=0a068ea0ea60b8b2192f3d9808123c09ad42937f) + +another one is FinViz reporting 113.48% float short: + +https://preview.redd.it/eqqa2m2qhl281.png?width=1426&format=png&auto=webp&s=59cef619ea3bf63f9d95fc006087d44668f7b9f1 + +So first of all let's take these 2 numbers and compare them. Also note that FinViz is presenting the shares in float as **62.74M** + +# 71,196,206 / 62,740,000 = 1,1348 + +Which means that the presented value of 113.48% comes exactly from dividing this number of aggregated short position by the number of free float that FinViz is using. + +That most probably means that both Thomson ONE and FinViz are using the same source (likely Refinitiv which delivers Thomson ONE). + +As far as I know there isn't any other source for official short position other than Finra, and Thomson ONE (first screen) likely is also presenting data from Finra. Compare the numbers from the Thomson ONE screen with the historical values from Finra presented in various sources. The screen below comes from [https://www.marketbeat.com/stocks/NYSE/GME/short-interest/](https://www.marketbeat.com/stocks/NYSE/GME/short-interest/) (I wanted to use [https://fintel.io/ss/us/gme](https://fintel.io/ss/us/gme) but they unfortunately don't reach to 2020 where the duplicated value from 12/31/2020 is). + +[https:\/\/www.marketbeat.com\/stocks\/NYSE\/GME\/short-interest\/](https://preview.redd.it/rz1kugg1kl281.png?width=1215&format=png&auto=webp&s=8a0c67bde48737c54cec6243425852a2d15984ca) + +Except that its rounded to tens of thousands shares here (it's not in Fintel though, check it), these are exactly the same number for every report date **EXCEPT 11/15/2021.** Sure, that could mean that the value of 71,196,206 shares presented in Thomson ONE and used by FinViz is some sort of leak but it's highly unlikely **given that this exact same value was reported for 12/31/2020**. Which drives me to the conclusion that most likely **Refinitiv messed up the value from 11/15/2021 and instead of presenting the official amount of shares of 6,775,394 short it presented the value for 12/31/2020.** + +# What now? + +Nothing! Nothing changes in the DD, it's been known for a fact that %SI can be hidden in multiple ways. But as for what we're getting hyped over now is most likely nothing more than a stupid bug that will be fixed at latest on December 9th when the refreshed official agg. short position will be again published by Finra. + +[Dates of settlement, due date and publication dates from Finra. Next official update is Dec 9th.](https://preview.redd.it/uf8dt0snrl281.png?width=894&format=png&auto=webp&s=8b69102b7d3cc6811b7eed9bcc7cd9f0bd7c6b35) + +&#x200B; + +# TL;DR + +**113.48% float short on FinViz and 71,196,206 short position from Thomson ONE come from the same source (most likely Refinitiv) that messed up the value for 11/15/2021 and instead of the official number for that day used the value for 12/31/2020.** + +Which doesn't change any single fucking thing, but also don't put crazy hopes in it. Keep yourself educated and informed, keep buying, hodling and **DRS your god-damn shares if you haven't already!** + +Believe me that I hate writing fucking counter-DDs but I hate misinformation more. + +&#x200B; + +# Edit #1: One of possible explanations + +u/nov81 commented: + +>Yeap, my first impression when I saw this: +> +>It's a fallback in the code. If data is not available or corrupted, show the default which is the first value of the year. + +and that explanation seems appealing to me because there is indeed something special about the date of 11/15/2021: [https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest](https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest) + +There is a note that + +>***2. There are two trade dates that settle on November 15, 2021.  Firms that file their short interest positions via an ASCII text file should use the trade date of November 10, 2021 when populating Record Type 2, Field 6 of the file.***   + +Which doesn't tell me much except that out of any dates here 11/15/2021 might have been a date that came with some corrupted data that some systems (eg. Refinitiv maybe) didn't handle well. + +&#x200B; +If this drawdown shows us anything, it's that many companies are managed terribly and don't deserve your money. Airlines, hotels, cruise lines aren't able to survive the next 2 months without bailouts. + +Now their headwinds are strong, but where's all their profits from the last 10 years? With most of them it was plowed into share buy backs. Some airlines spent 97%+ of their profits right back into share buybacks. + +So we have all these companies right now with their hands out. Unable to survive 2-3 really bad months. These are companies that've made sky high profits for years and years but have managed themselves in a paycheck to paycheck way regardless. + +We need to stop. We can't invest in companies that are completely fiscally irresponsible. Do not reward companies that can't stand 2-3 months of pressure without begging for a bailout. As far as I'm concerned they can go straight to hell for being so irresponsible. + +Invest in strong, smart companies that have cash on hand, that can stand a few bad months, that haven't spent all their profits on share buybacks. Find companies that aren't running to Washington with their hands out. As soon as you see them begging for a bailout within weeks of a crisis, they should be persona non grata to us. We as investors need to be smarter and hold these companies to account. +I am down about 30% + +What's yours and are you looking to average out your positions? + +Mods, if it is not allowed, do tell me. + +If possible do tell your major holdings. + +Mine are ITC, BDL, RIL, HDFC. +Hi everyone + +I know everyone is different but wondered if, all things being equal, my approach is sensible or not + +I’m 33, self employed, have 30k saving which I’ve earmarked for a house as not yet home owner. I have 5k in crypto (just in case!) + +I have about a £1,000 to save each month and I distribute it like this + +Aviva pension 500 pre income tax (low risk fund, 70% bonds, it’s the lowest risk of their ready made funds) + +Stocks and shares isa - fts 100 tracker - 300 per month + +Savings account as emergency fund 200 + +Speculative stuff like crypto 100 + +I read some years ago about the all weather approach in the Tony Robbins book, so this seemed to be reasonably in line with that. + +Whilst I appreciate there is no rule of thumb, everyone has different risk tolerance, do people think it would be reasonable for me to set and forget this approach for the next twelve months, to do a quick review at that point? + +Thanks everyone +The Telegraph is reporting that, according to a US fund house, the UK stock market is the only place money can be made in the next seven years. It says US stocks will decline 6.6% per year, global stocks by 1.6% a year and emerging markets by 2%, all after 2% inflation is accounted for. The UK market will rise 1.8% a year apparently. All based on "research". + +Opinions? Would anyone sell global to buy UK? I have a 5.5% UK allocation currently, matching global share. +On December 29th, 2021 Vanguard Target Retirement Funds all dropped in share price by as much as 14% in a single day. I've heard from a ton of investors who are really confused about it, so this is what happened, how it impacts those who hold these funds, and why it happened. + +# Summary + + * The share price of Vanguard Target Retirement Funds dropped by as much as 14% on 12/29/2021 + * The underlying funds remained flat on that day + * The cause was a large capital gains payout + * Investors’ total investment value wasn’t impacted + * This may impact investors taxes if the fund is held in a taxable account + * Takeaways are to follow investing best practices like enabling dividend reinvestment and prioritizing tax-advantaged accounts + +# What Happened? + +If you own a Vanguard Target Retirement Fund and you looked at your returns after 12/29/2021 you likely saw a huge drop in the share price. For example, here’s [a screenshot of my brokerage account showing the daily return of the fund VFIFX showing an 11.34% drop](https://imgur.com/a/Q41hWe7). + +This fund is made up of just [five underlying funds](https://investor.vanguard.com/mutual-funds/profile/portfolio/vfifx): + +1. Vanguard Total Stock Market Index Fund Investor Shares +2. Vanguard Total International Stock Index Fund Investor Shares +3. Vanguard Total Bond Market II Index Fund Investor Shares +4. Vanguard Total International Bond Index Fund Investor Shares 1 +5. Vanguard Total International Bond II Index Fund + +A target date fund is just a “fund of funds” so it should behave as a weighted average of the underlying funds. But if we look at [how those funds fared on the same day](https://imgur.com/a/lnLWtYx), they were all almost perfectly flat, while the target date fund had a huge share price drop. + +If the underlying funds were flat, why did the target date fund see a huge share price drop? It was caused by a huge capital gain payout. Basically, fund owners were all paid a large chunk of cash and the share price was lowered to reflect that payment. + +# An Example of Why This Doesn’t Impact Investment Value + +To illustrate this, remember that the growth of your investment value in a mutual fund is comprised of two parts: + +1. Share Price +2. Dividends & Capital Gains + +Mutual funds own a bunch of stocks, bonds or other funds. As time goes on, those underlying investments pay dividends and capital gains. The mutual fund takes that cash and internally reinvests it, buying more investments. The value of all those internal dividends and investments is reflected in the share price. Then on a fixed schedule it pays out the accumulated value of the dividends. Vanguard’s Target Retirement Funds pay out these annually as shown on [their distribution page](https://investor.vanguard.com/mutual-funds/profile/distributions/vfifx). + +Imagine an investor named Ashley who owns 100 shares of fund ABCDX and which has a share price of $10. + +* Ashley’s investment value = 100 shares X $10/share = **$1,000** + +ABCDX does a capital gain payout of $1 per share. That means for each share owned, Ashley gets $1 in cash. To account for that payout, the share price drops by $1 per share to $9. Now let’s look at Ashley’s situation: + +* Ashley’s investment value after capital gain distribution = 100 shares X $9/share + $100 cash = **$1,000** + +So you can see it didn’t actually cost Ashley any money, rather just transferred share price to cash. But, as a good investor, Ashley doesn’t want the cash right now. She has automatic dividend reinvestment turned on, so that cash is immediately put to use to buy more shares at the new $9 price. $100 can buy 11.1 shares at that price. So after her dividend reinvestment this is Ashley’s situation: + +* Ashley’s investment value after dividend reinvestment: 111.1 shares X $9/share = **$1,000** + +# What This Looks Like in Real Life + +[Here’s a look at my actual Vanguard brokerage account](https://imgur.com/a/ahA3lXh) which is invested in VFIFX. You can see the capital gains and dividend payouts that are immediately reinvested. + +# What tax impact does this have? + +There are two main categories of investment accounts: + +* Tax advantaged retirement accounts (e.g. IRAs, 401ks, 403bs, etc) +* Regular taxable brokerage accounts + +If you hold these funds in a tax advantaged retirement account, this capital gains payout has zero tax impact on you. That’s because tax advantaged accounts aren’t tax on gains or distributions along the way. They’re only taxed on your income at the beginning (in the case of Roth accounts) or the withdrawals at the ends (in the case of Traditional accounts). + +If you hold these funds in a regular/taxable brokerage account, this will impact your taxes. Early in 2022 you’ll receive a 1099-DIV tax form that reports your dividends and capital gains distributions for the year. [Here’s a look at mine from 2020](https://imgur.com/a/bv3WuXc). Note that it only shows $1.40 in capital gains for 2020. + +When I receive my 2021 1099-DIV it will show a much bigger number in the capital gain box. I will owe tax on that gain for 2021, but at the lower long term capital gain rate. Since my fund actually DID go up in value that much I could simply sell some of my shares to cover that tax burden. Additionally, since that’s an actual gain it’s going to be due one day when you sell your investment. Getting taxed sooner rather than later represents a slight tax inefficiency, but generally doesn’t have a large impact on the long term growth of your investment. + +# Why did this happen? + +If you look at the [distributions page for a target retirement fund](https://investor.vanguard.com/mutual-funds/profile/distributions/vfifx), you’ll see it pays out distributions annually. For VFIFX, in 2020 there was a $0.0184 per share long term capital gain distribution, or about 0.04%. In 2021 that same distribution was $4.8325 or 10.3%. + +That’s over a 250X increase year over year in long term capital gains distributions. That huge distribution is why we saw the share price tank on 12/29/2021 to account for that payout. + +That said, the “why” is a little harder to answer. I called Vanguard to ask them and wasn’t satisfied with their answer. They said the reasons are: + +* Underlying investments did far better +* Securities turned over +* Bonds matured, replaced + +The “investments did better” answer is basically nonsense. Sure 2021 was a great year for the market, but so was 2020. And it certainly doesn’t explain a 250X increase. “Securities turned over” is likely the reason, but that really doesn’t get at the heart of “why”. + +My theory is that there was some big internal churn for some reason. i.e. Let’s say a huge company that uses Vanguard for their 401ks wanted to switch funds or leave Vanguard or something. To cash them out, Vanguard would have to sell a huge chunk of the underlying funds in order to fund those withdrawals. Those sales may have triggered the capitals gains distributions we see here. But truth be told, that theory is speculation and I haven’t been able to get a straight answer from anything Vanguard provides. If anyone knows, please share! + +# What do to + +So this wasn’t actually a crash, but there are still some best practice takeaways here: + +1. Don’t freak out – One of the most important traits of a successful investor is the ability to “stay the course”. This crash happened to just be an accounting detail, but one day we’ll see a 10% and beyond crash of the market. Staying with your investment strategy is how you win long term. +2. Dividend reinvestment – Make sure dividend reinvestment is turned on. Otherwise, big distributions like this will end up as cash dragging down the growth of your portfolio. +3. Prioritize tax advantaged accounts – If your investments are held in a tax-advantaged retirement account with dividend reinvestment turned on, you can sleep right through this entire article because it doesn’t impact you at all. Getting as much of your investments into these accounts is one of the best ways to maximize your returns. +4. Consider ETFs – I’m a big fan of target date index funds due to their diversification and ultimate simplicity, but this type of surprise and murkily explained distribution may certainly be a cause for concern in a taxable account. ETFs don’t have this issue which is one of the reasons they’re so quickly gaining in popularity. Although at the moment, I’m not aware of a target date ETF, so you would have to manage your asset allocation yourself in something like a three fund portfolio. +5. Follow the two rules – At the end of the day the impact of this entire post barely moves the needle on any investment account. If you want to become more wealthy follow these two important rules: 1.) Live below your means and 2.) Invest early and often. That’s what’s gonna make you rich, not optimizing how you realize capital gains. +Apes, It's sunday... I'll keep this nice and easy with some pretty pictures and minimal text because like most of you, I can't read anyway. + +&#x200B; + +The Buffett Indicator is the ratio of total United States stock market valuation to GDP. As of August 5, 2021: + +#### Aggregate US Market Value: $54.6T + +#### Annualized GDP: $23.1T + +#### Buffett Indicator: $54.6T ÷ $23.1T = 237% + +&#x200B; + +[Trend line where we should be but we are pushing all time highs because fun!](https://preview.redd.it/u1log4ebkkh71.png?width=1320&format=png&auto=webp&s=88d1ea87e09dc6dd25752cfb0c62d535688ebb95) + +[Historical context of all time high with pretty colours](https://preview.redd.it/jkntut8ehkh71.png?width=1320&format=png&auto=webp&s=609e8f2b34d8f892fceaebb82371107523558b7a) + +[Lowest interest rates of all time make bonds pretty pointless so even boomers move to \\"riskier\\" stocks pumping the price of the market even higher as they look for that sweet, sweet 6&#37; per year return.](https://preview.redd.it/xefe0b3chkh71.png?width=1320&format=png&auto=webp&s=c21391d11e123696ad8e72b1d3bd1cdf9d2e16e7) + +&#x200B; + +[RRP market, apes fuck with this so I won't explain but again... all time high. ](https://preview.redd.it/90064cx4gkh71.png?width=1168&format=png&auto=webp&s=4137e8e11dec869cfd1af7c1bdb113ce60887832) + +&#x200B; + +[\\"I'm in long term danger\\" - Ralph Wiggum probably](https://preview.redd.it/tdzlibjckkh71.jpg?width=798&format=pjpg&auto=webp&s=5e4e695e4b0a1475443efd6a51466f6bab6e7516) + +&#x200B; + +[Inflation rates... just look at 08 vs right now. ](https://preview.redd.it/bb5770efkkh71.png?width=816&format=png&auto=webp&s=846a4c272af05cf2d5431746703cf87d4f7e0ca0) + +The debt limit -- the total amount that the federal government is authorized to borrow -- was set at $22 trillion in 2019. It will adjust to the current level of debt -- which had risen to $28.5 trillion as of the end of June. + +&#x200B; + +[Ooops. ](https://preview.redd.it/fhomwl14ukh71.png?width=800&format=png&auto=webp&s=206a98c76369274a5543f429e875cebdc3e5d4c6) + +&#x200B; + +[When the US would default on it's debt if \\"extraordinary measures\\" aren't enough and no new agreement can be met.](https://preview.redd.it/cxqa7f17ukh71.png?width=800&format=png&auto=webp&s=b7805f629389bb003c12f5422670bea2c614837f) + +&#x200B; + +[Negative beta of -24.99](https://preview.redd.it/qvsp57ajkkh71.png?width=1911&format=png&auto=webp&s=102fbca4c3a324dbc59421f7607d32d6c845325c) + +What is beta? + + +Essentially, beta expresses the trade-off between minimizing risk and maximizing return. Say a company has a beta of 2. This means it is two times as volatile as the overall market. We expect the market overall to go up by 10%. That means this stock could rise by 20%. On the other hand, if the market declines 6%, investors in that company can expect a loss of 12%. + +I'll let you imagine what a negative beta of nearly -25 would mean. + +&#x200B; + +Finally, a quick list of some stock market crashes. + +20th September 2018 - Crypto & Market crash + +16th September 2008 - 08 Crash + +16th September 1992 - Black wednesday + +13th October 1989 - Friday 13th mini crash + +19th October 1987 - Black monday + +24th October 1929 - The Great depression + +&#x200B; + +My tits are at all time highs!!!!! +Hi + +I am currently a analyst at big consultancy X, coming up on 1 yr - on around 60k. + +Client Y has approached me to interview for a mid-senior level position around 140k. + +Client has told X that they want me to apply. I’ve applied. + +If I stay I will likely get a promo mid year to around 80k. + +What should I do - I feel like client Y put me in a difficult business now X knows I’m exploring other options. + +Advice? +I'm new to the investing world. I always hear people trying to learn to trade stocks and derivatives but I rarely hear people learning to invest and managing the equity portfolio on their own. + +It seems like when it comes to investing everyone takes the mutual fund or some sort of similar route. + +Keeping this in mind does it really make sense to learn to invest so that I can manage my own equity portfolio? + +Also how beneficial would it be compared to investing via mutual funds? +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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She watched as I confidently dumped nearly every paycheck into GME, as I pulled my shares from Wall Street; I smiled and laughed any time I told her how much lower the price had fallen. + +Back in May 2021, I told her I think there will be a stock market crash followed by a recession. This is a conclusion I reached independently, and that research is what brought me to SuperStonk (y'all speakin' my Changuage). The last couple months clearly has her thinking twice about my hypothesis. When the price fell to $100 this year, she finally decided to buy her first couple shares. + +Today, I turned on the stock market episode of "The Problem With Jon Stewart," and then I left the room and started getting ready for work. I wasn't sure whether she would pay attention, or just fuck around on her phone instead. + +When I checked in 30 minutes later, **she was** ***dialed in*** **to the program.** + +Jon was repeating the same shit I have been trying to tell her for a year, breathing life and legitimacy into it. He made it entertaining and palatable. He kept referencing the "apes" with love and excitement in his voice, the same way I talk about you guys. + +"If it's really this bad, why aren't people charging Wall Street?" She asks. + +"Wait for the Gary Gensler interview. Basically, they have so much wealth, they can lobby the government to do whatever they want... Most people simply don't understand how entirely rigged the market is." + +*Dave Lauer gets his final comment in.* "That's our guy, Dave Lauer," I say proudly. "He engages with us regularly on SuperStonk. When this is all said and done, we want him to head the SEC. We're submitting public comments on litigation and fighting to reform the market. *This* is how we charge Wall Street." + +"You might be right about all this," Mama Ape says. "What's the price right now? I wanna buy more shares this week..." + +https://preview.redd.it/nggy24v8hio81.png?width=700&format=png&auto=webp&s=8cc86642d463f5981b1944a3602d440a714e6b7e + +Thank you, Jon, for helping my mother across the finish line, completing her transition to Apehood. Mama Ape is retiring next year. She will receive a large financial windfall upon retirement... + +Thank you, Ken, for delaying the rocket long enough to bring my loved ones aboard. Keep this up for another year, I dare you--in fact, I'm begging you. My household will multiply its position 10x over and DRS every fucking share. + +No cell, no sell tbh 🏴‍☠️🦍 +Edit 3: This is partially debunked b/c Dlauer has confirmed the halt was LULD, not Reason M. NASDAQ still shows "M" for an unknown reason. + +Several apes have linked to the LULD rules showing that the threshold for LULD halt is 5% and not 10%. They are correct. However, the actual LULD rules calculate on a moving average and use 30s data (not 1m). I don't have that data, so I can't do the math on the LULD calculation. + +For now, **I stand by my statement that the initial halt was NOT triggered by price volatility.** During the 26 seconds from 10:14:01 to 10:14:26 the price barely moved, and was trading within a couple of dollars during the minutes before that. + +It dropped from $92 to $84 in 1 minute at 10:05 and that did not trigger a halt. But, after the price goes from $90 to $94 over 4 minutes (10:11-10:14) it was halted. That just logically doesn't make sense. I will be looking into other avenues on how to determine the reason the halt was issued. (Possibly FOIA or public records request). + +&#x200B; + +**Original Post:** + +By now we are all aware that trading of GME was halted 4 times on May 12, 2022. Because these halts coincided with a big spike (and then fall) in price, it's a foregone conclusion that the halts are due to volatility. I think this is incorrect and that the volatility was CAUSED by the halts. + +You've probably seen this screenshot from another Ape: + +&#x200B; + +[GME Halts on May 12, 2022](https://preview.redd.it/oenlber7aaz81.png?width=802&format=png&auto=webp&s=1419532a365f4ecedf52d026a1f0d0d781cb48ed) + +Unlike other stocks that were halted for LUDP (Limit Up/Down)...GME was halted for Reason Code "M" + +&#x200B; + +[Reason Code M](https://preview.redd.it/1x03hgueaaz81.png?width=655&format=png&auto=webp&s=7c16230d7cc118ec76b3ccff73bf0eeedf0062a0) + +Reason Code M says "volatility trading pause" but also lists "Market Category Code = C". I've looked through all of the abbreviations in every category - and this is the only "C". + +[Market Participant Code C = Electronic Communications Network \(ECN\)](https://preview.redd.it/b65g1dthaaz81.png?width=866&format=png&auto=webp&s=f769bdf96449d3901c52e19090759270b54260f0) + +Now, what \*exactly\* is an ECN? + +&#x200B; + +[https:\/\/www.investopedia.com\/terms\/e\/ecn.asp#:\~:text=An&#37;20electronic&#37;20communication&#37;20network&#37;20\(ECN\)&#37;20is&#37;20a&#37;20digital&#37;20system&#37;20that,involved&#37;2C&#37;20offering&#37;20privacy&#37;20for&#37;20investors.](https://preview.redd.it/os0h7ey1baz81.png?width=649&format=png&auto=webp&s=494068427a0fd74c69fa962951f395fb4e5877e1) + +In other words, ECNs are the market makers and other exchanges that provide pricing data. So, at this point, it looks like GameStop trading was halted ***BECAUSE THE PRICE ON ONE OF THESE ECNs WAS VOLATILE***. *If the halt was due to the price on the actual market, then the reason code would be LUDP, like the other halts listed that day.* + +From here, I wanted to see what the stock actually did that triggered the halt. + +This is where it gets interesting. Let's look at reason code "M". These codes are all standardized and are the same on all major exchanges. + +&#x200B; + +[Reason Code of “M” is the volatility trading pause when securities experience a price change of over 10&#37; within a 5-minute period. ](https://preview.redd.it/aa3zg0ffcaz81.png?width=768&format=png&auto=webp&s=461489c8dfac2d1f1399eae31a766671423ba5a9) + +***When a trade triggers a trading pause, NYSE Arca (OR ECN) will send the indictor to the single plan processor.*** *This will result in the trading halt reason code and quote condition code “M” disseminated by CT/CQ to all data feed recipients. Pauses will last at least 5-minutes and end with an auction on the primary market similar to those held at the open beginning and close of each trading day.* + +&#x200B; + +Now, I don't have access to the order book because I'm just a regular ape. However, anyone can go to trading view and get data down to the minute for all transactions. + +[https://www.tradingview.com/chart/?symbol=NYSE%3AGME](https://www.tradingview.com/chart/?symbol=NYSE%3AGME) + +&#x200B; + +[GME Chart from May 12, 1 min incriment.](https://preview.redd.it/l0lxq6tqcaz81.png?width=1474&format=png&auto=webp&s=b7a5daa38fcc95b43a3a166e62e50707cf184864) + +I went through minute by minute and took the Opening, High, Low, Closing, and Volume and manually plugged them all into an excel sheet - adding in the gaps for when the halts occurred. + +&#x200B; + +https://preview.redd.it/ibapd8u2faz81.png?width=462&format=png&auto=webp&s=67953dc8abe83d45fc31eb9b57cf2bb03fae45ef + +From here, I made a formula that, for each minute, checks the previous 5 minutes for the high and low price, then adds or subtracts 10% to get the Reason M High and Low rolling threshold limits. + +I set it to be green if it's inside, and red if it exceeds the thresholds. + +Here's the thing: ***THE PRICE NEVER EXCEEDS THOSE THRESHOLDS.*** + +https://preview.redd.it/dr0i6z24faz81.png?width=640&format=png&auto=webp&s=6ff96e48cc4068a9bdfbaa395c61c96ce72f3cdf + +If the Trading View Data is accurate - ***then there was NEVER any sale of GME that was sufficient to trigger the Reason Code M volatility halt.*** + +**MY INTERPRETATION OF THIS DATA** + +1. A market maker/ECN triggered the halt (reason code M, Market Category C). But there was never any sale that triggered it. (I would love more input on this). +2. Someone bought 10k shares in the low 90's, triggered the halt, then dumped them in the 100's + +**DATA REVIEW** + +Look at the share price leading up to the first halt, and also the volume of shares traded. The price drops at 10:05 from 92 to 84...but then starts to rise. Over the next 10 minutes, it goes from 84 to 94 on next to nothing volume. + +Look at 10:14, just before the first halt. There were only 700 shares traded, then it was halted. 5 minutes later the stock resumes trading for 28 seconds. In that 28 seconds, more than 10,800 shares were purchased between $94 and $99, then there was another halt. + +The stock resumes trading at $102 ($3 higher than when the halt occurred). In the next :23 seconds the price goes up to $108, then gets halted again. Volume is 5k. + +Trading resumes at $108 and, in the span of :17 seconds, drops to $102 and is halted again. Volume is 5k. + +I don't know if it's exactly correlated, but the trading after halt one was 10,809 volume. The trading after halts 2 and 3 together is 10,816. That's weirdly similar considering the trades were done in just a few seconds. + +**SPECULATION:** + +I think the halt was initiated by an ECN in response to liquidity/volume drying up. (i.e., the float is almost gone and they had to do something). So they triggered the halt, then bought and dumped shares. Once the liquidity increased, they could further short and/or ladder to get the price back down. Then, because we're in the news again and the halt - everyone pours back in and there is volume to manipulate again. + +There's just literally no other reason I can see for the first halt at 10:14. It had gone up a couple of bucks in the previous few minutes but was relatively stable and unchanged immediately before the halt. + +**FURTHER THOUGHTS** + +I don't have access to the full order book. I would like to look at all of the orders that cleared during those halts and see if they originate from the same source. I also want to look at any options contracts or derivatives that were bought during the same time. I'd also like someone with wrinkles to explain any reason they know why the stock would be halted at 10:14 when there was low volume, and the price had not changed dramatically. (The price change came AFTER the first halt). + +I think this points towards some kind of new fuckery - but I just don't have the resources to drill down any further. Please review and let me know your thoughts or what else we can look at, or if I have missed something obvious. + +&#x200B; + +Edit 1: there is a non-relevant typo in my sheet for the closing price at 10:11. It was $90.35, not $99.35. + +Edit 2: credit to u/hank101 for this screenshot: + +This obviously did not go through as an order, I am unsure if this would trigger a halt - but the spread looks fucky for sure. + +&#x200B; + +https://preview.redd.it/tfx0sg3uraz81.jpg?width=770&format=pjpg&auto=webp&s=ca2524c7b614bb907cf4eecb36a1aecea96ccd60 +https://www.businesstoday.in/technology/news/story/google-layoffs-employees-to-go-through-new-tougher-reviews-to-escape-job-cuts-357874-2022-12-27 + +> Google is introducing a new performance review system expected to result in more employees at risk of receiving low-performance ratings. Additionally, fewer employees will be able to achieve high marks compared to previous years. During a recent all-hands meeting, Google executives revealed details about the new review system for its employees. This new system will take effect next year. +> +> According to a report by CNBC, under the new system, Google estimates that 6 per cent of full-time employees will fall into a low-ranking category. This will put them in the high-risk category, which could even end up in termination. The report suggests that Google will take corrective action for these employees. Just for context, Google marks only 2 per cent of employees under the current system. + +> In an internal meeting earlier this month, Google CEO Sundar Pichai did not rule out the possibility of a layoff. The lower 6 per cent of the employees correspond with the report claiming that 10,000 Google employees will be removed from their jobs in 2023. The new review system will aid the management to take that decision. The tech sector in US has been reeling with job cuts as most of the top brands are laying off a record number of employees. Compamies like Meta, Amazon, Twitter and Salesforce have decided to shrink their workforce. +Total newbie question. Looking at some deals, and sometimes see 'cash or hard money only'. + +I looked up 'hard money' but still confused. Does this mean no conventional loans? And if so, is it because there is likely something wrong with the property preventing it from being eligible for a conventional loan? +Recently I'm lucky enough to get windfall selling my business for a low 8-digits. I'm in my late 30s, living in a MCOL in Asia with a big (8 person) family to take care of. I'm a sole breadwinner. So even though we live quite modestly, $200k/year seems to be quite tight for the last few years. If I want to give my family a more comfortable life, I figure around 400k/year is quite sufficient (33-35k/month) + +I shared that goal with my private banking guy. And he proposes to put $5-7m in a variety of Fixed Income funds, which on average deliver around 5-6%+/year return on a monthly basis but require 1% fee upfront => This creates 200-300k/year passive income. To achieve the rest of the 400k goal, he suggest to take a loan from a bank (can go up to 8-digits) to buy more Fixed Income funds. + +I never invest in Fixed Income funds before, so I'm not sure it's the right approach to achieve my goal while preserve my hard earned cash for the long-term. Any suggestion here is very welcome and appreciated. +**TLDR: at these levels, CACC and EPAM could give you at least 15% return a year for the next 10 years while NOAH and TPL could give you over 25%.** + +I scanned the whole US stock market\* to find good and predictable companies selling below what I think is their fair value. Phil Town first presented these steps in his book "Rule#1" + +A company is predictable when it has\*\*: + +* 10-Year median ROIC (%) > 10%. +* 10-Year median Revenue growth rate > 10%. +* 10-Year median EPS growth rate > 10%. +* 10-Year median Book (equity) growth rate > 10% +* 10-Year median FCF growth rate > 10% + +*There are only 44 companies trading in the US that satisfy these requirements.* + +Let's now calculate their fair value assuming a 15% return per year for the next 10 years. + +This is done by following the steps below\*\*\*: + +1. Get the 10-Year EPS without NRI Groth Rate +2. Get the current EPS +3. Grow the current EPS at the 10-Year EPS without NRI Growth Rate for 10 years +4. Get the PE ratio in 10 years by using the 10-Year median PE Ratio without NRI. +5. Multiply the EPS in 10 years by the PE in 10 years to obtain the future market price +6. Discount the future market price so that it will give you a 15% return for the next 10 years. + +Step 6) gives us the "Sticker Price" which is the price the company should be selling right now, to give a 15% return a year for the next 10 years. But because things don't always go as planned, we divide the Sticker Price by a Margin of safety (MoS). I personally use 30%. + +***There are only 4 companies*** **that would give us at least a 15% return for the next 10 years, with a MoS of 30%, and these are CACC, EPAM, NOAH and TPL.** + +NOAH and TPL are the most undervalued and they could produce a 30% return a year for the next 10 years if they don't screw things up! + +What do you think? + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +\*I've used [https://www.gurufocus.com/screener](https://www.gurufocus.com/screener) + +\*\*These numbers tell us that the company has been growing, constantly, at a good and sustainable pace and has used well its capital, for the past 10 years. Can we be sure that it will keep doing so in the future? No! That's why we use a Margin of Safety. + +\*\*\*EXAMPLE using CACC (data from 01/01/2021) ([https://www.gurufocus.com/stock/CACC/summary](https://www.gurufocus.com/stock/CACC/summary)) + +Last Friday, CACC closed at $366.07. The current EPS is $22.95 and the 10-Year EPS without NRI Growth Rate is 22.1%. By growing the EPS at 22.1% a year for 10 years I get an EPS in 10 years of $169.02.To get the price in 10 years I need the PE ratio in 10 years. Fort this I use the 10-Year median PE Ratio without NRI so in this case 44.2.Once I have the EPS in 10 years ad the PE ratio in 10 years, I can get the price of the company in 10 years by doing (P/E) \* EPS = P. In this case 44.2\*169.02 = $2143.18I get this price and I discount it back to today, assuming a 15% return a year. Like this, I get the Sticker Price which is the price at which the share should sell to give us a 15% return a year for the next 10 years. In this example, this would be $529.76.I then apply a Margin of Safety of 30% to $529.76, to get the entry price of $370.83. We are just below that ;) + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +DISCLAIMER: I am not a financial advisor. I hold positions in CACC, EPAM, NOAH and TPL. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Howdy folks, + +Let's sit and have a little chat. My apologies if this comes across as FUD, but I think its a conversation worth having.Almost a decade ago, we had Stateside what people are now calling The Great Recession. Stocks were up, people were buying housing with money they didn't have and money with housing they didn't have. The bubble got big and big and big and POPPED. Hard. + +We all know it was from this economic recession that Bitcoin, the first crypto, came around and the rest is history. But as they say, those who don't learn from history are doomed to repeat it... + +Purchases for new homes are waaaaay up. The Stockmarket has NEVER been better! Its all smile and sunshines and and profts and we're sitting on our little Ethereum piles watching them grow. Hell, even Bitcoin is reaching new heights! 9k for digital gold folks! + +So why does it feel like this game of musical chairs is coming to an end very very very soon? Several times in this month alone, I heard mutters in the office about this bubble, referring to the economy as a whole, popping sometimes this year or next and to get the sales in while the money was hot with the clients. + +But this made me step back. Because its not a matter of if, but when. If economic theory is right, and these boom-bust cycles are about a decade long, then we're approaching the end of a growth cycle. And since we don't have any real life data to fall back on regarding cryptocurrency (and the fact that crypto exists almost as a form of protest to conventional standards that led to the last recession)... + +What happens to us? Basically, let's have a discussion. If things hit the fan, will people flock to crypto the same way they flock to gold in times of crisis? Will we get bled dry as people cash in to try and get their currency? What would YOU do? No mooning, no memeing, no over confidence... if you woke up with the market crashing tomorrow, what would you realistically do with your Ethereum? + +Cheers +If it’s possible to make a living off day trading, then how come some of the best day traders on YouTube sell courses? +Is it even possible to make a living off of day trading? +My friend is looking at purchasing his first flat in Yorkshire. A lot of the flats he's looking at seem to have decreased in value over the last 15 years.. is this normal? + +I will give an example. + +There is a 2 bed flat he is looking at which sold for £150k in 2008 (land registry). However, it is currently up on the market for £130k 14 years later.. this seems to be a pattern with the other flats within the apartment building, all sold for £130-150k, and over the past 10 years, have all sold for significantly less. This also seems to be the case with other flats he's looking at. + +I was hoping someone could share some insight as to why this could be, and if it is unusual/ red flag? + +Thank you in advance + +edit: The leasehold has 101 years left. Not sure of any cladding issues, it is brickwork facade and only 3 levels high which I would assume indicates 'cladding' isn't an issue? +TDLR: They are all in this together. It is a class war. The water is so deep and murky it makes the everyday person’s head and heart hurt. They made a bad bet. This is the first time they can really lose. They do not see you as an equal. Realize you are up against people that do not care about humanity. Buy and hodl. Be greedier than you can fathom. And tear their house of cards down. + +Morning Coffee... + +Back in February, I tried to help people grasp the magnitude of what a POS Steven Cohen is from first hand knowledge and interactions with SAC professionally, but it was dismissed. Cohen is a bigger issue than Kenny yes, but he isn’t even the head of the snake. This is how corporate raiders like Soros, Icahn, Ackman, and Cooperman, to name a few, work. + +As an aside for additional morning coffee chat: If you see GS on a deal, know it is snake oil. Every time I have been in that building I have felt like I need to go directly to a church. Ask yourself why every major politician regardless of party or country has some connection to at least one of the big banks ie GS, Deutsche, JP Morgan, BAC, Mitsubishi, Citi, BNP, Credit Agricole, Credit Suisse, Barclays, TD Bank, RBC, HSBC, ICIB. And how they all become so rich so quick and suddenly have foundations and NGOs. And no one goes to jail. + +In the SAC days, they were the middle management hedge fund. The scary, smart, public facing front man that let a hunted company know they were a corporate raider target. The process started with a bunch of small hedge funds that piled on to short companies into distress. Then like a pack of hyenas, SAC starts demanding the company make changes and announces a short position. They create negative media buzz and destroy any value proposition the company has and attempts to articulate to combat the Wall Street paid media machine. + +Suddenly, CNBC shows, Wall Street Journal, and rags like the mOtley fOlL are writing piece after piece and only call the company once the story or segment is public seeking comment. More gotcha. Long positions and retail get scared when the stock price drops from the short selling and FUD cycle. None of it is based on fundamentals. + +Once they have the company in the kill box, the big fish who backed it all, finally announced their position…in our case it was Carl Icahn. He feeds like a vampire on companies that would otherwise have continued on and does it in the name of shareholder value. He takes seats on the board, tears the company apart and sells it for parts. Destroys jobs, shareholder value, reputations and lives, for sport. He takes pride in ruining everything in his path. He has never built or created anything. And it is all for power and money. + +I can’t begin to describe the personal attacks that come from these people. They have no conscience. They are weak minded with a wretched soul, spew nothing but venom, yet have skin so thin you could pierce it with a mean tweet or an off comment. They are the kid no one liked growing up. + +I digress. I apologize, it is emotional to discuss knowing what I have seen and been through at their hands. + +The situation companies find themselves in are 100% manipulated and created by people like Icahn and his army of greedy, money hungry psychopaths. Icahn and raiders like him have been doing this on a massive scale since the 70s and peaked in the 80s. Then when his reputation and actions became that of legend, he switched to a man behind the curtain role, but he has always been there pulling the strings for decades. + +He and his ilk are above the law, above government, above prosecution and anyone that they still deem as helpful is also. There are dozens of these types of men around the world, some even bigger than Icahn. People do not know their names. They do not appear on lists. Their wealth and power is what conspiracies are grounded in. And why average people dismiss them. The general public cannot begin to grasp these people live in a different world on the same planet. They are not bound by anything. They do not lose…until now. An overreach greedy mistake with unlimited risk. + +The reality though is that the entire financial system including central banks and Cartels like the Fed, were built by these people for two purposes: power and control both of which come from wealth. Remember the Fed is not a government entity. It is a membership of banks that manages money flow for banks, so basically itself. It is all a centralized control system from those that do not work to control the labor that does work and creates the wealth. This is why small business has been under attack for the last 18 months. Small business had too much decentralized power in the last four years. + +The short sale into distressed company is a game they have played many times successfully, until now. It is why none of the DD is debunked. Because it is a nightmare the average person stumbled upon. Make no mistake retail has no friends in this. Only a few whales that want to feast on other whales and get a little good PR. + +I myself do not need more convincing or DD. I will wait and wait and hodl and hodl until there is big boy financial bleeding not just Kenny and Stevie and their merry band jesters losing billions. + +Edit: I am overwhelmed by the responses. Thank you so much for listening to my morning mussing and reflections over coffee. I lurk a lot. This community is a gift. Retail investors are so fortunate to have a safe place and a voice. + +Edit: added a title break after tdlr +Let's say you retire in late 1972. You've decided on the 60/40 portfolio of US stocks and bonds, which seemed optimal and capable of sustaining your 4% withdrawal rate when looking at the worst market crashes in history (1907, 1929, 1946) until that point. + +It's going really poorly by 1982. Immediately after you retire, the Arab Oil Embargo crushes the US, plunging her into a recession with stock markets falling 30%. Even worse, inflation is topping 10% a year destroying the value of your bonds. Not that inflation is good for stocks: in fact the 1979 Business Week magazine cover story is titled "The Death Of Equities: How inflation is destroying the stock market". Thankfully, Paul Volcker eventually gets inflation under control. Unfortunately, in doing so, he raises rates to over 15%, slaughtering what was left of the market value of your bonds, and kicking off the worst recession in 50 years that you are currently in the middle of with the stock market already dropping another 20%, proving Business Week correct. Your portfolio is now worth LESS THAN A THIRD of what it used to be. None of those previous crashes were this bad, not even The Great Depression! + +What do you do and when? How much do you attempt to cut expenses by and for how long? Do you go back to work? How many hours of sleep can you still get? + +The correct answers are >![NOTHING, NEVER, zero, no, and eight!! 1972 was not a scenario that caused one of the failures of the 4% rule!](https://i0.wp.com/earlyretirementnow.com/wp-content/uploads/2022/01/SWR-50-Chart05.png)!< +Unexpected server error on Robinhood. + +Unable to sell Doge the page errors out every time and the sell button is gone. + +But guess what, you can still buy it! Just in case you wanted to buy this *dip*! + +'How many times do we have to teach you this lesson old man!' +[http://www.businessinsider.com/amazon\-prime\-customers\-complain\-delays\-2018\-4](http://www.businessinsider.com/amazon-prime-customers-complain-delays-2018-4) +Because we're all peasant fucks we're not used to thinking about numbers with a lot of 0's, but if we put things into perspective by thinking about Blackrock and what they will gain from this, you'll realize you're probably going to be a millionaire. + +&#x200B; + +[Profit Table](https://preview.redd.it/6ygbflioort61.png?width=968&format=png&auto=webp&s=d60e0ce750d658c5b98cd3f96b306c0bfa1256d3) + +Right now Blackrock has $9 trillion in assets managed. Their net income this quarter was $1.2 billion, meaning just a year of normal asset management they take in at least $4 billion. + +With this once in a lifetime trade, how much can Blackrock profit? + +When the share reaches $10k, Blackrock only gets $92 billion. That's like only 1% of their total assets managed. If you hear a story about a hedge fund making $92 billion, you'd probably think that was normal anyway. AKA $10k is guaranted. + +When the share price is $1 million, blackrock only doubles their worth in terms of assets managed, from $9 trilllion to $18 trillion + +in 2008, after the crash, Blackrock went from having [$19.9 billion to $178 billion in total assets managed,](https://en.wikipedia.org/wiki/BlackRock) so doubling it again after a giant giant crash is definitely very reasonable. + +IMO, doubling someone's total asset's net worth is completely doable. WSB YOLO their entire life savings all the time into FDs and sometimes gain massively. So why can't blackrock do the same with this short squeeze, just doubling their net worth? This scenario happens only once in history, I'd think they should at least be able to double their net worth. + +So in the scenario where blackrock doubles their networth, the share is at $1 mil each, and even 1 share apes will be millionaires (pre tax). + +Therefore, not financial advice, but the floor is 7 figures at the VERY minimum, maybe even 8 figures. + +TL;DR = $1 mil a share only doubles Blackrock's networth and is completely doable, so don't paperhand before a mil kthxbai. + +Edit: oops got DFV's shares wrong. He has 200k not 500k, so take his profits on the table and divide by 2.5 He'll still be rich AF when this is done, regardless. + +EDIT 2: There has been also some good points made in the comments. 1. A share price of $10 mil doesn't mean everyone is going to hold to $10 mil to sell. The selling will probably follow some sort of distribution curve, as per this reddit post: [https://www.reddit.com/r/Superstonk/comments/mmt8rh/geometric\_mean\_exponential\_increase\_and\_gme\_price/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/mmt8rh/geometric_mean_exponential_increase_and_gme_price/?utm_medium=android_app&utm_source=share) + +Also, about who's gonna pay this money to us: [https://www.reddit.com/r/Superstonk/comments/mngzp0/chasing\_70\_trillion\_waterfalls/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/mngzp0/chasing_70_trillion_waterfalls/?utm_medium=android_app&utm_source=share) +I feel like house buying is a dual income thing nowadays especially with the house prices constantly increasing( on average) but I would love to buy a house in south east somewhere as a single person. + +So for those who bought a house when single how did you do it? Would love some motivation/ideas +Long commutes, bad traffic, long times away from home, micro aggressions from co-workers, feeling chained to a desk, open floor plans, lack of privacy, inability to do errands -office life sucked for the most part. And nobody seems eager to go back to it. + +So a big part of the reason people want to FIRE is just that. Now with work from home policies for many, it feels better, less stressful, more time to do other things besides sit endless hours in an office. + +Has this affected your FIRE plans at all or made it maybe easier to work longer? +German Apes went full monkey mode and got their broker reversed and are able to vote as of yesterday. The only thing they did was mail en mass to their regulators. Yes only that! + +Website to file your complained check it out: + +[https://www.finanstilsynet.no/en/](https://www.finanstilsynet.no/en/) + +Actual adres to send the mail to: + +[post@finkn.no](mailto:post@finkn.no?subject=Vennligst%20oppgi%20saksnummer%20dersom%20du%20allerede%20har%20sendt%20oss%20en%20klage) + +**I even made a template below for you extra lazy apes copy paste it , click and send away!** + +After doing so notify Nordnet that you did so. This will cause a shake up. + +If for whatever reason you found your viking spirit and want to go full ape mode then mail a complained to the following association and authority as they are European financial and free trade regulators. + +[https://www.esma.europa.eu/](https://www.esma.europa.eu/) + +[registry@eftasurv.int](mailto:registry@eftasurv.int) + +1 Ape can not do this alone....... + +[THIS IS not Fianancial Advice](https://preview.redd.it/g6cdjxqvrm071.png?width=468&format=png&auto=webp&s=bd9bd56850947d87981560496dd4742f97ff7fe3) + +Edit: Note to self. Never could have thought but hoped this would get traction. + +Scandiapes are awake in full force with backing from a shit ton of International apes. Before apes can say "don't dance, A **lo**t has to be done. One of the important ones right now is to MAIL . Yes back the Scandiapes and Mail to. I am not going to thank you, thank your self for being awake and start to take charge! This is not over i can promise Apes that! + +Edit Final: Hang on hang hang on! For the love of Josef Maria and Gamestop what happened with all of you? Looks that Apes are awake. I do have a job and yes i do work in the weekend. Tried to respond and give awards to all of you but simply can not keep up! AGAIN Thank your self, Mail your regulators and Authorities take back what is yours! Never Financial advice! +I’ve been doing small investing for a while and have decent success with profits from volatility but I want to park some money where it can grow. What’s your suggestions? +So basically I do a lot of dividend stocks and was wondering if there was anything negative on doing it this way? +Basically instead of DRIP what I do is I have a few stocks (say 5) in a taxable account and then whenever it pays dividend, instead of auto Drip I choose out of the 5 to buy based on price and valuation. + +Do you guys do this too? Is there anything bad about doing this other than dripping automatically? I invest right away but I choose stocks that have the best value at the given month and cheapest so that way it doesn't auto Drip at high prices. Any cons in this? +Hey reddit! + +I'm currently in a fair amount (to me) of debt. I'm struggling to keep on top of it, it's absolutely draining the life out of me because I never go out or have any money to do anything fun, and it just feels insurmountable. I've already contacted step change, they gave me an email to send that should have given me a few months breathing space (mainly to get out of my overdraft) but both Lendable and Lloyds denied it and I'm just back to paying monthly. + +I'm currently genuinely considering a payment plan. I don't want to do this because I want to get a house within the next few years with my boyfriend and I know it stays on your credit score, but it feels like struggle now or struggle later is my only choice. + +Currently £4,533 on a Lendable loan and basically £4,500 on a Lloyds credit card. + +Loan is £191 a month, credit card is min payment around £100 and then £60 interest deducted every month. I've cut up the credit card now. + +Atm in my overdraft (£500). + +Also currently owe my brother £300 (so I could pay my rent this month. Agreed to pay £100 a month) + +Total debt is 9800, basically 10k. I feel sick. + +I get paid 23,500 PA, £1635 each month after tax. + +Bills are: +Rent 450 +Car Insurance 103 +House Insurance 8 +Phone 34 +Gym 25 +Fuel monthly 60 +Spotify 5 +Food 200 +Travel to work 60 +Total: 945 + +Debt: +Brother 100 (for 3 months) +Loan 191 +CC 150 (I always put 150 on there) +Overdraft 500 +Total: 941 + +Should I take the payment plan? Is it worth me at least getting my footing right and then being able to pay them off quicker? Because once I'm out of my overdraft, I DO have the extra money to pay off extra each month. Its just impossible to get to that point at the moment. + +Any help would be greatly appreciated, I wish I had never got myself into this mess. + +Edit; I am not getting rid of the gym or Spotify. It's £30 and it's the ONLY luxury I have at the moment. Going to the gym, drowning out my thoughts with music (and no ads), it's the only thing I will not be removing. + +Edit 2: Holy fuck, I don't care how many of you say it or how many of you think clearing debt asap is the most important thing, I am NOT getting rid of the gym or Spotify. Its £30, it'll help me a MONTH sooner in the long run, and I'm still allowed things that make my life worth living. If you come to comment and mention getting rid of the gym or Spotify, don't bother. +I have literally been holding these coins for 10 years 10 fvvvking years. Do you know the emotional toll it puts on a person to hold through three bear markets!? DO YOU UNDERSTAND THE COST??????? + +For new bitcoiners & pre-coiners: + +Don't feel bad for not understanding bitcoin immediately, it takes a long time. + +You're not late. Everyone including myself felt late. It is still e-a-r-l-y. + +HINDSIGHT IS 20/20. The best time to plant a tree was 20 years ago. The second best time is now. Seize the day and it's time to go all in. This asset is now de-risked and a 10000000 times better buy now than back in 2011 from a risk adjusted perspective. + +I've watched this god damn internet project grow from literally being mocked 24/7 including by holders and now it's being adopted as a treasury reserve asset by Publicly listed companies. It has already won. The risk is gone. + +Buy bitcoin now and front-run every public and privately listed corporation, and every nation states that wants to stay relevant in the 21st century too. + +The educational material is awesome nowadays. I have been studying bitcoin 5+ hours a day for the past 2.5 years and every week I learn something new about bitcoin and how money works and realise how ignorant I was before. + +First buy Bitcoin. Second invest in yourself through education. Investing in educating yourself will quell any anxiety around holding such a large % of capital in Bitcoin. + +HODL does not stand for "hold on for dear life". That's dumb. + +HODL is from a drunk misspelling from a post on the bitcoin talk forum about the price crashing and a dude's girlfriend out at a lesbian bar. + +Open to answering questions. + +Peace. + +======================== +edit: OKAY I HAVE ADDED THIS SECTION DUE TO REQUESTS. + +HERE ARE MY RECOMMENDED TO GET A NEWBIE UP TO SPEED AS QUICKLY AS POSSIBLE. + +BITCOIN IS A DEEP RABBIT HOLE, AND THIS LIST IS SUBJECTIVE TO MY PERSONAL TASTES. + +SHOUT-OUT AND GRATITUDE TO ALL THE BITCOIN CONTENT CREATORS ON AND OFF THIS LIST. YOU HAVE ALL HELPED ME ON MY JOURNEY TO WHATEVER UNDERSTANDING I CURRENTLY HAVE. + +LIST: + +======================== + +STOCK TO FLOW MODEL + +1. [SLP67 Plan B (@100trillionUSD) - Modelling Bitcoin’s digital scarcity through stock-to-flow techniq] +https://www.youtube.com/watch?v=nwCKCTIujtU + +2. [SLP86 PlanB - Frontrunning the Bitcoin Halvening?] +https://www.youtube.com/watch?v=-FsGZqLQlXk + +3. [Original Article: Modeling Bitcoin's Value with Scarcity] +https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25 + +4. [SLP171 planB & Saifedean - Bitcoin S2FX, S2F and Evolution From Collectible to Financial Asset] +"Video" - https://www.youtube.com/watch?v=j2cP8k_QUaw +"Text" - https://medium.com/@100trillionUSD/bitcoin-stock-to-flow-cross-asset-model-50d260feed12 + +======================== + +BITCOIN TINA - GENERAL THOUGHTS ON BITCOIN + +1. [BitcoinTina on Bitcoin Part 1] +https://www.youtube.com/watch?v=BIvKRxS1hZw + +2. [BitcoinTina on Bitcoin Part 2: How to value Bitcoin and think about “SoV] +https://www.youtube.com/watch?v=DHHUKx3YCJI + +3. [BitcoinTina on Bitcoin Part 3: How to Think about Investing in Bitcoin] +https://www.youtube.com/watch?v=wynJyqYZmOA + +4. [Bitcoin Magazine is proud to present BitcoinTina on Bitcoin Part 4: The Path to 100 Trillion USD] +https://www.youtube.com/watch?v=doxZ2qfns6I + +5. [#138: BitcoinTINA "The Perfect Storm"] +https://www.youtube.com/watch?v=ijM0IyEw2ME + +6. [The Hardest Trade: BitcoinTina on Bitcoin] +https://www.youtube.com/watch?v=sysmJAONaE0 + +======================== + +ESSENTIAL READING/LISTENING + +1. The Bullish Case for Bitcoin +"Text" - https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1 +"Audio" - https://www.youtube.com/watch?v=fkmEfNNGMm8 + +2. The Bitcoin Standard (Book) +"Text" - [Buy in real life, or download for free from "1lib.eu"] +"Audio" - [Download from Torrents, Audible] + +3. Everyone's a Scammer +"Text" - [https://nakamotoinstitute.org/mempool/everyones-a-scammer/] +"Audio" - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_267---Everyones-a-Scammer-Michael-Goldstein-e4ihq8 + +4. Hyperbitcoinization +[https://nakamotoinstitute.org/mempool/hyperbitcoinization/] + +5. Hyperbitcoinization: Winner Takes All +[https://medium.com/coinmonks/hyperbitcoinization-winner-takes-all-69ab59f9695f] + +6. Masters and Slaves of Money +"Text" - https://breedlove22.medium.com/masters-and-slaves-of-money-255ecc93404f +"Related Audio podcast" - https://www.youtube.com/watch?v=T2OQweB7UHU + +7. Bitcoin Obsoletes All Other Money +"Text" - https://unchained-capital.com/blog/bitcoin-obsoletes-all-other-money/ +"Audio" - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_345---Bitcoin-Obsoletes-All-Other-Money--Parker-Lewis-eahce1 + +8. [The Great Monetary Inflation: Paul Tudor Jones Newsletter to Investors (Look up who this guy is + print out & read twice)] +https://www.docdroid.net/H1fuimX/the-great-monetary-inflation-pdf + +9. [SLP115 Trace Mayer - Bitcoin as Ultimate Collateral] +"Audio" - https://www.youtube.com/watch?v=KrzgMJZvA1U + +10. [SLP181 Preston Pysh Bitcoin as Numeraire] +"Audio" - https://www.youtube.com/watch?v=cDlQe68CdXQ + +11. The 10,000 year view of Cryptocurrency +"Link" - https://woobull.com/the-10-000-year-view-of-cryptocurrency/ + +12. When is the right time to rebalance Bitcoin allocation in your portfolio after large gains (it's not) +"Text" - https://woobull.com/on-portfolio-rebalancing/ + + +======================== + +Corporate Adoption of Bitcoin + +1. Pomp Podcast #385: Michael Saylor On Buying Bitcoin With His Balance Sheet +"Audio" - https://www.youtube.com/watch?v=WrR95PFYDFQ&t=10s + +2. Chat #47 - Magic Gold with Michael Saylor +"Audio" - https://anchor.fm/thecryptoconomy/episodes/Chat-47---Magic-Gold-with-Michael-Saylor-ejrbld + +3. BTC005: Bitcoin & Michael Saylor - A Masterclass in Economic Calculation (Conversation about real inflation) +https://www.youtube.com/watch?v=jwgOVPJ2FnU + +4. Bitcoin Masterclass with Michael Saylor and Ross Stevens +https://www.youtube.com/watch?v=B2I0FB2Wn50 + + +======================== + +MACRO VIEW ON BITCOIN + +1. Bitcoin , Gold, and The Future of Macro Investing (w/ Dan Tapiero) +"Video" - https://www.youtube.com/watch?v=BtjziNDqC4E + + +======================== + +STRUCTURED COURSE + +1. The "What is Money?" Show - Robert Breedlove + Michael Saylor [ESSENTIAL VIEWING CONTENT 9 EPISODES] !!!!! +https://www.youtube.com/playlist?list=PL2jAZ0x9H0bRvoNt1xNJWYa9_8_an03h0 + +2. MIT Open Blockchain & Money Course [LECTURER IS CURRENTLY HEAD OF SEC] +https://ocw.mit.edu/courses/sloan-school-of-management/15-s12-blockchain-and-money-fall-2018/video-lectures/ + + +======================== + +TOP OVERALL RESOURCES + +1. Jameson Lopp - Bitcoin Information & Resources +https://www.lopp.net/bitcoin-information.html + +2. Bitcoin Resources Page +https://bitcoin-resources.com/ + +3. Satoshi Nakamoto Institute +https://nakamotoinstitute.org/ + +4. Bitcoin Only +https://bitcoin-only.com/ + +5. Parker Lewis - Read/Listen to Everything +https://unchained-capital.com/blog/author/plewis/ + +6. Andreas Antonop +https://www.youtube.com/user/aantonop + + +======================== + +CHARTS/DATA + +1. Digitalik +https://digitalik.net/btc/ + +2. Willy Woo - Woonomics +http://charts.woobull.com/ + +3. DCA/BTC (Interactive chart to play around with illustrating the power of "Dollar Cost Averaging" +"Link" - https://dcabtc.com/ + +4. Bitcoin Treasuries +https://bitcointreasuries.org/ + +5. Mempool - Visualization of Data +https://mempool.space/ + +5. WhatTheFee.io - bitcoin fee-rate estimation +https://whatthefee.io/ + +6. Store of Time +https://storeoftime.com/ + +======================== + +BITCOIN PODCASTS + +I use the mobile app - "Podcast Addict". +Alternatively "Antenna Pod" is a good open source alternative. + +1. Stephen Livera Podcast (Start from Ep 1) + +2. Noded (Start from Ep 1) + +3. Bitcoin Audible + +4. Tales from the Crypt (Start from Ep 1) (shout out to Marty & Matt) + +5. Citizen Bitcoin + +6. Bitcoin Knowledge Podcast + +7. Swan Signal + +8. We Study Billionaires (Bitcoin Fundamentals BTC001-BTCXXX) + +9. The Bitcoin Standard Podcast + +10. What is Money Podcast + +There are lots of high quality Bitcoin podcasts out there. These are the ones I like. If one of these does not suit your tastes, try another. + + +======================== + +SOFTWARE WALLETS +RECOMMENDED COMPUTER WALLETS + +1. Wasabi wallet +https://www.wasabiwallet.io/ +2. Electrum +https://electrum.org/#home + +RECOMMENDED MOBILE PHONE WALLETS + +1. Green Wallet +https://blockstream.com/green/ + +======================== + +HARDWARE WALLETS + +1. Coldcard Mk3 (less user friendly, more expensive, more features, more secure) +https://coldcardwallet.com/ + +2. Ledger Nano S +https://shop.ledger.com/products/ledger-nano-s + + +======================== + + +RELEVANT BOOKS & READING MATERIAL + +Buy the real book, or download free from "https://1lib.eu/" or torrents. + +1. The Bitcoin Standard - Saifedean Ammous + +2. The Ethics of Money Production - Jörg Guido Hülsmann + +3. What Has Government Done to Our Money - Murray N. Rothbard + +4. Inventing Bitcoin - Yan Pritzker + +5. Grokking Bitcoin - Rosenbaum, Kalle & Yan Pritzker + +6. The Sovereign Individual - Davidson & Rees-Mogg <<<< READ THIS BOOK! YOU CAN NOW TORRENT THE AUDIOBOOK >>>> + +7. Sovereignty Through Mathematics - Knut Svanholm + +INTERACT & FOLLOW REAL LIFE BITCOINERS WHO ARE ACTIVE ON TWITTER + +1. Hive.One - This site ranks bitcoin twitter thought leaders: https://hive.one/ +&#x200B; + + If $PSC >= $1 and DATE < XMAS2021 + get-tattoo( u/shitforbrainstoo, asx_bets_logo ) + Else + eatdrink_pubescumshit( u/shitforbrainstoo ) + +&#x200B; + +https://preview.redd.it/zbstojtedbh61.jpg?width=995&format=pjpg&auto=webp&s=1919dfa24aac77b5f67558601cbc6c42d1b79763 + +&#x200B; + +https://preview.redd.it/gidsgz3hdbh61.jpg?width=1012&format=pjpg&auto=webp&s=2efe09f425c67a50314dd061786b7c40deaf47b2 + +I feel confident in the PSC team and Arcadia project and as I have said before, I think (IMHO) PSC is still very undervalued. + +The tattoo will be reasonably sized relative to position on body (yet to be determined). This bet has been discussed with moderator u/username-taken82. This seems like a win-win for all involved and yes my username does check out. +I graduated with my master’s degree a year ago, and am one year into my first post-grad job. I get paid $30K per year and try to do side-jobs when possible. I’ve asked for a raise but I’m not holding out, and am applying to other jobs. My partner of 3 years makes enough from investments that they don’t need to work, so money isn’t really an issue. However, my partner is used to luxury living and I simply can not afford that. We’ve been living together for 2 years and rent is more than half of my income. I’m constantly stressed about money but it’s hard to live frugally when your partner doesn’t like frugal. What can I do? + +Edit: Thank you all for the advice. I’ll have a sit-down talk tonight, I’ve just been ashamed to admit how hard this is for me and trying to keep my head above water. + +Regarding my education vs pay: I’m trying to find a better paying job. I know I’m being underpaid but the job market was so competitive after graduation that I had to take what I could get. +The learning curve in the stock market is weird. There isn't a road map. You'll have to discover the path on your own. + + +Stage 1: Beginner. + +"I have no idea what I'm doing". This is the stage most people are at. They constantly ask you about the basics. + +When someone asks me "Can't you just buy at 52 week low, and sell at high (buy low, sell ?" I always laugh. I've been there. It doesn't work. + +You hear all these buzz words and you have no idea what they mean. + +Experts say terms like short covering, unwinding, efficient market hypothesis and you sit like a dumb person. + +This phase is filled with uncertainty. It took me a long time to learn the basics. + + + + +QUICK TEST - Short selling, price action trading, divergence, technical and fundamental analysis, bid/ask, structure, trends, wedge, bullish engulfing, RSI, MACD. + +Do you know what all the above terms mean? If the answer is Yes, you probably know the basics. + +The goal as a beginner must be to LEARN as much as you can. + +You lose money pretty quickly by making all mistakes that seem very silly. + +You read Rich Dad Poor Dad, thinking it'll help you in investing (it won't). You pick up the intelligent investor but it seems like a total thy different language. + + + + +Stage 2: Intermediate. + +This is the stage where most people quit. They lose a lot of money even after spending time on learning. But they fail to understand other aspects. + +Your goal must be RISK MANAGEMENT. + +Your goal must not be to make money, it must be to protect your capital. If you manage to save 80% of your capital for over a year, congratulations! + +You understand that there's no golden strategy. You start focusing on Risk Management and Psychology. + +You start reading. + +You read books like technical analysis explained, technical analysis of the financial markets. You still don't understand the intelligent investor. + + +You read about systems and risk management and the 2% rule. You learn about the common biases and heuristics. + + + +QUICK TEST- volume analysis, smart money, stop loss hunting, elliot wave theory, Fibonacci, 2% rule, confirmation bias, futures and options, call/put, PCR, index management, position sizing, risk reward. + +Do you know what these mean? + +If the answer is yes. You might know the more advance stuff. + + + +Stage 3: Mastery. + +This is the stage where only a handful of people remain. + +Most beginners lose money, think that trading is gambling and quit. You manage to preserve your capital. You are safe. + +You make money part time, or maybe as a full time trader. + +You master your emotions. You have multiple systems in place. You know how Smart Money thinks and traps retail traders. + +You know if a position is being hedged or new positions are being created. + +Whenever someone says the same of a stock, you know the exact analysis and reason why they bought it. + +You also analyse data along with charts. You look at delivery percentage, derivatives data, macro economic factors. + +You can easily figure out which "expert" is truly an expert and who is just trying to sell courses. + + + +QUICK TEST- VWAP, Option Chain, Option Writing, implied volatility, open interest, short build up, long unwinding, + + +I am currently at stage 2.5 (I figured out risk management and position sizing and my capital is safe). But I am nowhere close to being an expert. + +What about you? Which phase are you in? + +-Vikrant C. + + +Edit: + +Stage 4: When you've mastered the market but you ran out of money in the process. + +Stage 5: When you stop trading and start selling fucking courses to beginners to pay for you new (used) Lambo. The zero risk strategy. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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I was curious if there are stories where someone accidentally implemented a winning strategy in a relatively short period of time. Like over the weekend the algo was back tested and got impressive returns. Always curious about accidental discoveries. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Where do you go to find reliable information on cheap up and coming cheap penny stocks? Where can I get the inside scoop on the high risk high reward up-and-comers? America & Australia. Cheers! PS who is holding LIT? My one good punt 😂🚀 +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +If everyone thinks the stock will breakout after an ascending triangle could someone take advantage of that to drive the price up higher, trap bulls and take the profits? + +If everyone thinks the stock will continue in a strong down trend after a bear flag could someone create a bear flag to signal to the market to sell, driving it lower so that they can buy it for a better price? + +Im wondering if for every pattern I’m learning about is there someone using it against me? I’ve heard Dux say he avoids heavily manipulated pennystocks and only trades between $5 - $10 and a higher volume. Also aware that this happens a lot in crypto. What about the types of volatile stocks you guys are trading? + +I’m just VERY sceptical because I got screwed by a culty hyped up biotech twitter stock (before I knew anything about day trading and I was basically gambling) and then this stock dropped down to $2 and I did research and all of the insiders, CEO, CFO had sold millions. They dumped it all. So I kind of just don’t trust anyone. Not even the CEO lol. + +I’m guessing this is why you have to look at other indicators and technical analysis in conjunction with just looking at patterns but as someone who has never day traded I’m wondering how reliable patterns are for you guys or if you’ve experienced any manipulation? +I know the difference between the two.But isn’t a credit card better for always knowing how much money you have in your bank account? + +Edit: I’m pretty confused on how billing cycles and all of that timing stuff works. Thank you all, the advice you guys have given me has been amazing, and hopefully other people learned some stuff too. +Like, no one did this for us. We have all been given the information needed and collectively, yet individually, have all decided to HODL together. We did this. Not an old relative who died and left us a shit ton of money. We didn't suck dick for our beloved stonk. Didn't blackmail anyone to get to the top. We did this. You did this! Together we can, and I believe will, change the world for the better. + +I fucking love you beautiful apes! I trust in RC. This is my life now. Love, peace and HODL to the mooooon! + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Hello, I'm trying to figure out if I'll potentially need to repay the $1,400 stimulus payment. Here's my situation, in chronological order: + +* 2019 income: very low +* I received both stimulus payments to date +* 2020 single AGI **under** $75k, taxes already filed and refund received +* 2021 single anticipated AGI *might* exceed $75k + +I anticipate I'll receive the $1,400 stimulus payment because my most recent tax records indicate an AGI under $75k. I'm trying to figure out if this will need to be repaid if my 2021 AGI ends up exceeding $75k, or if because my 2020 income was under $75, I qualify and that's the end of the story. + +The answer may be "we don't know yet," which is fine, I'm just a planner and trying to get an idea of my responsibilities. + +*I apologize if stimulus questions don't go here, it kept getting removed by the automod on* r/stimuluscheck*.* +I am setting up Roth IRA's for my wife and myself and we will be max contributing for 2020 and 2021 for both accounts next week. We are in our early 30's and are using these accounts for tax free growth towards retirement. We do not mind aggressive risk but also want to make sure we are diversified enough with at least half of each account invested into safer options. We do not plan on touching these accounts until retirement except for max contributing each year. + +How does the following allocations look? + +* 25% VTI +* 25% VUG +* 15% EMQQ +* 15% ARKK +* 10% PRNT +* 10% BETZ + +Would it be wiser to go with a different allocation of funds for the second account? + +Any advice would be greatly appreciated! Rip it apart! + +\*Edit: proofreading my fat thumbs typing on my phone +I’ve seen the tweets over and over again. When iOS wallet? And GameStopNFT keeps saying: soon. + +Laying in bed not sleeping as my ADHD brain does every night. I realized something: the app is going to be the marketplace AND the wallet 🤦🏼‍♀️ They can’t give us the wallet because it’s one app that will have both the wallet and the marketplace functioning seamlessly together. But the browser extension could be released because the marketplace will be the website on browsers and an extension can function separately from the website. + +It’s so obvious to me now why the long wait and why the announcements of creators started before we have the iOS app. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +CAN’T STOP, WON’T STOP! +After cooking dinner our oven started smoking from the broiler which hasn’t been working for months. Everything was off so it was a major shock. My mother and I moved it enough so I could unplug it. (It’s electric.) The heat wouldn’t stop and smoke was filling the house so we called the fire department. They came and moved it from the house. They weren’t sure what caused it, a power surge or something. + +So now we don’t have an oven and we can’t currently afford one. We are a family if four so we used it pretty much every night. I’m debating using my leftover 200$ in my college savings to try and find one at our local habit for humanity but then I will kinda be stranded for my freshman year of college. But we have to have an oven. We have a crockpot still, could we survive on this for a while? Can you cook pasta in a crockpot? Would a hotplate work? + +Sorry I’m very flustered. + +Edit: Wow, thank you all so much. I was very panicked before but I’m feeling a bit calmer now thanks to all your replies. I’m following all your advice and looking into everything, thank you so much! + +Edit 2: I wanted to thank you all again. The crockpot recipes, griddle ideas, the ways to get around meals the involve using a stove. People have even offered their old appliances. My family is kinda alone up here. When something goes wrong it’s bad and we’re all alone. So when everyone jumped up and surround me with support here, I was crazy overwhelmed and just cried. I feel a lot better today and feel like I can take think a lot more clearly. Not the panicked mess I was last night. Thank you so much for all the love. +Ladapes and gentleapes, a lot of names are fast becoming common in the sub, so I thought to go over something with you guys. Something which these names were part of. It was something bad, and they're still in it. + + +EDIT 3: There's no TL;DR. It's just a 3mins read. If you a retarded smooth-brained crayon-muncher you should be able to read it in 5mins. + + + +Let's go back to the 2008 financial crisis. Bear Stearns, one of the big boys of wall street fell. Why did BS fall? Simply put, BS had a lot of bad deals in their books. BS had a lot of 'toxic real estate assets' that no one wanted to touch with a 10ft pole. JP Morgan bought Bear Sterns for $2 a share. They wouldn't have done it if the government hadn't sent in $30b of taxpayer money to support the deal. + + + +But why exactly did Bear Stearns accumulate such bad deal, that no bank wanted to touch? Money. Greed. BS wrote so many real estate deals, they became stupidly retarded and believed prices only go up. Everyone was either buying, building or selling houses. It was a money printing machine. You need a home, they write you a deal, no questions asked. No good job, no steady income? no problem, BS would write you a deal and get you a house. When housing prices fell, they were left holding the bag, their ballsack was down. Everyone could see it, and no one wanted to touch it. Oh, I just remembered the greedy Lehman Brothers. They were also holding bad bad real estate assets no one wanted. It was so bad one option was for the government to buy all the houses and literally set them on fire. House inflation. They can easily raise interest rates to keep up with money printing, but there's no remedy for houses no one wants to buy. Lehman Brothers stock price fell so fast, then CEO said it was a short and destroy attack. Now, keep this in mind, while we fast forward to the present. + + + +It's 2021, HFs are making lots of money shorting stocks, together with their accomplices. It's so profitable they have forgotten they can lose it all. They've gotten greedy. Same mistake Lehman Brothers, Bear Stearns made. + + + +There's something not being talked about much. A financial instrument that played a big role in destroying the market. + + + +Let's go back to 2008. Remember the role CDOs played? The instrument that allowed banks make money from debt obligations. They now call it Bespoke Tranche Opportunity. Stay with me, we'll see why this is important. + + + +The overall volume of CDOs on bespoke portfolios rose rapidly in the early 2000s. In 1999, synthetic CDO issuance in total was less than $10 billion. 2005 issuance of bespoke portfolio tranches was cited by Rajan, McDermott and Roy as $294 billion. CDO tranches linked to bespoke portfolios continued to trade after the financial crisis of 2007–08 but in considerably reduced amounts. + + + + +The market for “bespoke tranches” — bundles of credit default swaps that are tied to the risk of corporate defaults — has more than doubled in the first seven months of 2017. Traders in this opaque, over-the-counter market estimate there has been issuance of $20bn to $30bn this year (2017), compared to $15bn in the whole of 2016 and $10bn in 2015. - **Financial Times** + + + +**Citigroup is the largest bank counterparty for such trades, according to investors and traders, with JPMorgan Chase and BNP Paribas also active. The resurgence of interest has pushed other banks, such as Goldman Sachs, to begin looking at expanding trading in the product as well. Banks structuring the deals say that they are more cautious this time regarding the risks of being caught with exposure on their own balance sheets. - Financial Times** + + + +Do you think they're more careful? No. They're getting greedy again. + + + +"...investors are using less leverage than was case before the financial crisis, traders say. Leverage up to 20 times is now typical, pushing returns above 5 per cent." Financial Times + + + +20X is considered safe. A 20x leverage on $500m is a lot of money. Just let it sink in. This was in 2017. + + + +Trading volumes in synthetic collateralised debt obligations linked to credit indexes are up 40% in 2019, according to JP Morgan, after topping US$200bn in 2018 on the back of three years of double-digit growth. Meanwhile, analysts predict more than US$100bn in sales of bespoke synthetic CDOs in 2019 following an estimated US$80bn of issuance last year. - Reuters + + + +Let's go over this. +In 1999 volume of CDOs was less than $10b, and by 2005 it skyrocketed to $294b. That's within 6 years. + + + +In 2015 it was approx $10b, in 2016 $15b, in 2017 it doubled to $30b, in 2018 it rocketed to $80b, and in 2019 it was over $100b. Who's to say it's current volume isn't over $150b or even $200b? We will never know, because they are unregulated. 2021 would be the 6th year from 2015. + + + +Back to Gamestop. + + + +EDIT1: Remember how the Fed and Treasury said inflation was transitory for months. Now they're saying it isn't transitory but it's within their tolerance. Bullshit. Majority of the nationa do not know what's coming. + + +These same guys are writing housing deals, remember interest rates are down to almost zero. (Correct me if I'm wrong). They're taking huge risks, everyone has access to loans, and housing prices are high. Add this to the BTOs, leverage, and Gamestop and you'd know for certain we're on.the right side the crash that's coming. I believe the Fed and the US Treasury are trying to work something out to cushion the crash. + + + +In the midst of all this, i want you to remember that the lack of access to cash/loans exercebated the effect of the 2008 crisis. People couldn't get small loans for personal care. Even though the US government gave banks billions to help them process loans, they didn't give it out. + + + +EDIT 2: In the days preceding the 2008 crash, the Fed and Treasury were scared of people finding out about thehe shit storm and pulling out their cash. If people start withdrawing from JP Morgan Chase, Citi, BoA, it's going to be a catastrophe. + + + +Today, we're DRSing and they're not able to loan out our shares. This is going to be what fucks them all. + + + +PLEASE DRS. DON'T DAY TRADE. +It hurts to show up in this community knowing it’s all gone. It’s a lesson learned but hard one at that. I hope to rebuild again. + + + + +Edit: Thank you all for the kind words:) +https://www.cnbc.com/2019/03/02/amazon-hq2-publicity-grab-backfiring.html + +Amazon’s HQ2 search has gone from publicity boon to publicity nightmare. + +After pulling out of New York following protests and resistance, Amazon is now facing protests from several politicians and activists in the Northern Virginia region, where it plans to build its second headquarters. + +PR experts say it’s becoming clear that Amazon could have avoided all the negative publicity if it had just run the bidding process quietly, instead of spinning up a year-long media cycle. +This is the official $GME Megathread for r/Superstonk. 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Check the main page for the sticky post and vote now! + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +I mean, I’m not above using stamps and envelopes, but it’s 2019, I thought we were past this. Am I right to make a complaint? + +Edit: Wow, this really blew up, thanks for all the feedback. The common consensus seems to be that using my bank's auto-bill pay service is the best way to handle this situation. + +The company is Select Portfolio Servicing. May your mortgage never be sold to them. +I inherited a tenant that was playing loud music at all hours of the night and having friends over where they would have weird screaming parties (drugs maybe?) + +Anyway, I send him a 30-day notice to leave the premises and he calls me going ballistic. "This is bullshit". "We are going to have real problems" "You don't know who you're talking to" "I'm a real ni\*\*a. + +Naturally, I hire an eviction attorney but I'm lowkey worried about going to the property. It's a 3 unitsin which one unit I'm still getting rent ready. I don't know what to do. I'm going there tomorrow to meet with a plumber but I'm concerned he could get aggressive. + +Thoughts? +On NOV 1st I will get a full share of DX strictly from dividends. It’s all part of a 25 year plan I developed. I have about 6-7 stocks picked out where the goal is to get 1 share a month. Any way, it feels good to think I will be getting an entire share off of dividends alone and I just wanted to tell someone. +Since the just-above-junk loan happened, shares begin appearing in larger numbers in iborrowdesk, FUD ramps up noticeably, the cost to borrow has moved down (small bump up today though), the anti-GME sentiment and mockery in wasabi ramps up dramatically, and the stock price moves down again steadily. + +These are the things I've noticed. How else is Citadel blowing their new loan money? What have you guys noticed? +**2014 - April** + +Facebook market cap: $155 billion + +Bitcoin market cap: $5.69 billion + +**2021 - April** + +Facebook market cap: $851.857 billion + +Bitcoin market cap: $1.107 trillion + +Hey hey heeeeeeeey Zucky, how are you? People always said that you should never trust the guy who is going outside only with his identical twin. Seems like Winkles got it right. + +Sauce: https://www.theguardian.com/technology/2014/may/19/winklevoss-twins-bitcoin-bigger-than-facebook-investors + +This is not April joke. +Hehe I'm celebrating that I looked at my HECs balance today and it was 17k since the last time I checked ie 40k, a decade ago + +The reason I'm happy is because I went into the double degree against my will (parents cliche) and it took me getting financial independence (waitressing) to get up the courage to drop it. By then it was 40k. I vaguely knew that 3% of my paycheck went towards it, so I kinda just never did anything about it, same way most people are about their superannuation + +I also had lifelong health problems and I was resentful of the degree so even now I have no intention of prioritising paying it off. Plus it's very cheap debt. + +So I'm happy that by paying the bare minimum plus managing to work as much as I could despite health issues, I still got the debt down by over half. + +Cheers fellow finance peeps :D +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! + +If you want an NFT dividend and have held more than $25,000 dollars worth of GME for at least a year, or $15,000 dollars worth for two years, or $2,000 dollars for three years, then you have the chance to make it a reality by issuing a shareholder proposal. It needs to be received by the Secretary, at GameStop Corp., 625 Westport Parkway, Grapevine, Texas 76051, before December 22nd. That is only 14 days from now. I would 100% be doing this but I started buying GME in June 2022. + +All credit to this idea goes to /u/jforest1, who made a post about this but had it heavily downvoted…which makes me think that its extremely useful. Here is a link to the post: + +[https://www.reddit.com/r/Superstonk/comments/yy5wal/shareholder\_proposals\_101/](https://www.reddit.com/r/Superstonk/comments/yy5wal/shareholder_proposals_101/) + +A shareholder proposal is your recommendation or requirement that the company and/or its board of directors take action. Your proposal cannot exceed 500 words. + +You must also provide a written statement that you intend to hold the requisite amount of securities through the date of the shareholders meeting for which the proposal is submitted. + +You must provide the company with a written statement that you are able to meet with the company in person or via teleconference no less than 10 calendar days, nor more than 30 calendar days, after submission of the shareholder proposal. + +If you are a registered shareholder, which means you’ve DRS’d your shares and they are under your name, Gamestop can verify it on their own. If you have them at a broker, you need a written statement from them verifying the $25,000 of GME held for one year, $15,000 for two years, or $2,000 for three years. + +One thing you cannot do in your proposal is state a specific amount dividend be issued. So don’t say “Issue at least $1 dollar worth of GME NFT” or something similar. + +You must present this statement at the 2023 annual meeting. If you are worried about speaking publicly over the phone, know that you are not pitching the idea to strangers, but declaring what thousands of your friends support and want, who are all standing behind you, rooting and cheering for you along the way. + +Don’t let the recent rally distract you or cause you to procrastinate. There have been multiple rallies this year, all short lived. If a proposal isn’t submitted this year, we’ll have wait a full year before we get another shot at it. +As the title states I have moved positions within my company. + +For some background, I was a supervisor for a little under a year when the entirety of the materials department quit (2 people, a manger and buyer/scheduler). I moved into the vacant roles and supported the business for ~2 months before they hired another manager. It was rough. I only had 4 days of training, but we got through it and I learned a lot.I wanted to stay in the buyer/scheduler position after the new manger came. + +A week ago they told me I had the position if I wanted it, and today they told me they would have to cut my pay by 5%. I feel this is extremely unfair givin how much I've helped the company by struggling to support 2 vacant roles for such a long time. Not to mention I've been here for over a year now and should be getting a raise. + +Should I fight harder for this? I think I deserve more. Do I have any other options? + +Thanks for your input. + +Edit: Had a long talk with my manager and HR. A lot of you were correct in saying that moving from a supervisory role to a buyer role was **technically a demotion (Shout out to the McDonald's example lol). So, my mistake in saying it was a "lateral move" because that is not true. I thought it was - everyone told me it would be, including my manager and his manager. Did not get that in writing, though. + +**Overall it doesn't feel like a demotion. I have more responsibilities and if I fail in this role it will cost the business significantly more than if I failed in the supervisory role. But I digress. They are firm in their decision so I will be moving forward with a lot of your suggestions. Thank you again for all the answers. +I’m thinking maybe coming up with a horrible algorithm that bleeds money must be just as difficult as creating an algorithm that’s really good because you could always just short the awful algorithm +I’ve been reading about the Zillow sell-off, but I’m looking in areas where Zillow owns numerous listings and not seeing significant price cuts, sales at rumored losses. Any ideas? +Hi all, mother inlaw was left with no savings or retirement accounts. She has $674.00 in SS income and $330.00 in SNAP benefits per month. Her food is taken care of and her rent. Realistically what can I and her children start or contribute to insure the rest of her life/retirement is even slightly more comfortable? + +I guess in a way I'm asking is, what would you do for your mother in law in that situation? A ROTH? Hire a fiduciary? +Thanks in advance. I will do my own do diligence research into any suggestions provided. + +EDIT: thank you everyone for your input the general consensus seems to be that she needs to get a job and she needs to get roommates of her own age and possibly the children and I could start some sort of index fund for her. Most of you are right we are not responsible for her and her husband's poor decisions in life but that's my wife's mom and I'd like to do at least something for her. +**Organic Garage Ltd. ( $OG in Canada. ) (Also mentioned: $VERY $VERYF $BYND $HULK $BABY)** + +Industry: Organic Grocer; Plant-Based Alternative Foods + +Key Management: Matt Lurie (President); Craig Harding (Culinary Director of *The Future of Cheese*); Affirm Pristine (*Maître Fromager* of *The Future of Cheese*) + +Highlights + +* Large, rapidly growing revenue with a recognized name in the Canadian Organic Food Sector. +* Established a niche market in the “sweet spot” of affordable organic food, creating a moat to competition. +* Almost unbelievably undervalued compared to other public companies in the sector. +* Expansion in 2021 and each year thereafter. +* A game-changing agreement with The Future of Cheese, a recognized player in the Alternative Dairy Sector. +* Online revenues expected to expand from 6% to 20% of total revenue in the coming year. + +Why We Love It: + +Organic Garage is a company that I have wanted to write about for some time. Full disclosure: I am a shareholder, and I believe it represents another opportunity to own a gem of a company, in a *white hot* *sector*, that is somehow flying under the radar. But, as always, before we dig our fork into Organic Garage, let’s set the table with a brief look at the sector itself, and get a taste of a few comparable companies. + +The organic food sector is firmly entrenched as one of the key trends of the upcoming decade. Investors are becoming increasingly focused on making ethical choices with their money, and *sustainability* has become more than just a buzzword for investors; it has become a *necessity*. Institutions aren’t far behind, with most ESG funds (Environmental Social Governance) outperforming the market. By the end of Q2 of 2020 (most recent data point), there were 534 ESG funds in the United States alone (which still trails Europe by quite a bit, but maybe not for long) totalling over $250 billion USD with over $70 billion inflow in just the second quarter alone. + +By now every investor cannot help but be aware that Covid-19 has accelerated certain trends, such as personal health, and the change is real and it is lasting. It is also universally accepted that healthier living hinges on *healthier eating*. The organic food sector has been growing at a fever pitch in recent years, and the future outlook is even better. The global market was projected to grow at a 12% yearly rate, up to $272 billion USD, and this was before the pandemic accelerated everything. The United States alone grew its organic market to $47.3 billion in 2020. + +So with the market expanding rapidly, companies in the organic space have become a favorite spot for investors. Perhaps the hottest sub-sector is in alternative, plant-based meat and dairy. The global giant in plant-based foods, Beyond Meat Inc. (BYND on the NASDAQ) IPO’d in May 2019 and currently sits at a $9 billion USD market cap. + +Small caps in the space have also enjoyed great success, and in some cases, almost unfathomable price appreciation. Perhaps the most visible example is The Very Good Food Company (I’ll refer to them by their stock symbol, VERY, for expediency). VERY is a small, Canadian plant-based butcher with one outlet in Victoria, a growing footprint with its distributor network across Canada, and increasing online sales. As of Q3 2020, the company had pulled in a modest, but rapidly scaling $2.8 million in revenues for the year, with a net loss in 2020 of about $7.3 million, not including upcoming Q4 financials. Sounds like a young company, growing quickly but still in the early stages, right? + +\*Apologies for the one-paragraph detour, but one of many metrics investors can use to measure valuation of a company is the Price-to-Sales Ratio (P/S Ratio). To calculate it, you simply divide a company’s market capitalization by its total revenues (sales). The number you are left with essentially shows how much investors are currently willing to pay per dollar of sales. A good P/S ratio is between 1-2, but for some high flying companies, investors pay a premium. Tesla, for example, trades at an approximate P/S ratio of 23 due to its rock star status in the last few quarters. + +The Very Good Food Company currently trades at a market cap of $509 million USD with a P/S Ratio of... 162. That’s right, *one-hundred and sixty-two*. And it isn’t alone. Fellow microcaps have also seen massive share appreciation: Pontus Protein (HULK) has only about $1 million CDN in 2020 revenues, and only went public a month ago, yet its P/S Ratio is roughly 70. Else Nutrition Holdings (BABY) sits at an incredible P/S Ratio of 278. *Please remember these numbers*. + +Now, the purpose of this data is not to disparage these fine Canadian companies, growing nicely and benefitting from investors eager for a piece of this emerging sector. The point is, however, to highlight the incredible value to be found in *Organic Garage* (and yes, I’m going to make you wait a little for the P/S. + +Now that we’re through the appetizers, let’s get right to the main course. Organic Garage is a prominent Ontario grocery operator. There are four established locations with a fifth to open in Leaside, an affluent neighbourhood in Toronto. At the helm of the company is Matt Lurie, a fourth generation grocer with deep roots in the industry. The company, as its name suggests, deals in organic foods, and it does so in a very urban style. + +So, what makes Organic Garage special, both as a business and an investment? What sets it apart from a *big box* organic grocer like Whole Foods? + +Regular customers of organic grocery stores understand and accept the 47% price premium (on average) that comes with the *organic shopping experience*. But for most people, the cost of a couple bags of organic groceries represents a major barrier to entry. Organic Garage recognized this price disparity and has essentially become the “affordable organic grocer”, with prices 15-20% below organic market prices. Its formula has been simple: remove the *unnecessary service* aspect of the shopping experience. Organic Garage has no dietician, no specialists, and no service departments. There is no kitchen on site, either. It’s all grab-and-go. This simplified labor model came about from an understanding that organic shoppers have become more knowledgeable, and they are now primarily focused on a *lower price*. So, while organic grocers like Whole Foods saw same-store margins dropping, leading to a buy-out in Whole Foods’ case, Organic Garage has actually *increased* their margins, leading to an inferred 2020 revenue of over $24 million CDN (with Q4 out later this quarter). These revenues come in roughly 9x those of The Very Good Food Company, yet the Organic Garage market cap of $34.74 million CDN is startlingly low in comparison. + +Remember the P/S ratio of 162 for VERY? Organic Garage comes in with a P/S Ratio of 1.22, *one-hundred and thirty-two times smaller*! + +To be fair, P/S Ratio is only one of several different metrics to measure value, and companies like VERY, who are increasing their direct-to-consumer online footprint are all the rage, as online shopping inevitably leads to higher margins. And online shopping is recognized by investors as a magic bullet- call it “*Amazonification*”, if you will. + +This is where *The Future of Cheese* changes the story for Organic Garage and its investors. + +Although meat alternatives are still the leaders in the plant-based sector, dairy alternatives are growing just as rapidly, especially cheeses. Just as restaurants are beginning to trot out legitimately tasty plant-based burgers, alternative cheese products are making similar gains in quality and market traction. Organic Garage took advantage of an opportunity to partner with a company that they believe is already an industry leader. + +The Future of Cheese (let’s call it TFC for short) is now a wholly-owned but independently-functioning subsidiary of Organic Garage, and it is led by two superstars of the industry. Craig Harding is the owner and culinary master at three renowned restaurants in Canada, and he has an 8-season TV program called “Opening” on TLN Network. Not enough for you? He is also a brand ambassador for BMW and American Express, and he has long-standing partnerships with Delissio and Banana Republic. He represents not only culinary expertise, but the status of *influencer*. And he probably isn’t the biggest addition to the team, either. + +Mr. Affrim Pristine is, to use a nice Canadian analogy, the *Wayne Gretzky* of cheesemaking in Canada, and a recognized global expert. He is Canada’s first *Maître Fromager* (Master Cheese Maker), as recognized by leading French Organization, *Guilde Internationale des Fromagers*, who also recognized him as one of the youngest ever to receive this distinction. His family business spans 48 years in the cheesemaking industry, with 24 years of training around the world. He has appeared on The Food Network and been an executive consultant for *Top Chef Canada* and *Chopped Canada*, among a host of other programs. Both he and Harding are active on Twitter and other social media platforms. + +It seems time for another brief *tangent* paragraph. The Very Good Food Company, in its meteoric rise from $1.50 on September 30th, 2020 to an astounding $9.25 on December 8th, utilized a slick marketing campaign that featured, among other strategies, several youtube influencers. Again, this is no slight on that company, as marketing is an integral part of any business (Well done, VERY!). But, it doesn’t take much investigative work to see the dots connecting as Organic Garage brings aboard The Future of Cheese and its very powerful social media influencing capabilities. + +Meanwhile, back at OG Headquarters, Mr. Lurie has already stated that they intend to grow to as many as 20-25 total stores in Ontario, with an eye on the $1 billion Ontario organic food market. There also appear to be plans to expand to British Columbia, a hot spot for the organic foods sector. The company has also increased its online sales footprint to 6.6% of total sales, but expectations are that these low-overhead, direct-to-consumer revenues could climb as high as 20% in 2021. + +Added to this are the partnerships that Organic Garage is making with the products it sells in its stores. By giving these “hero products” a launchpad exclusively through their Organic Garage banner, they open up white labelling opportunities. Organic Garage has between 8,000-12,000 skus (unique products, or stock keeping units) and it has a strict process by which each one is measured for quality, *“reading the label so the customer doesn’t have to*”. + +Finally, we have the OG.V share structure. There are currently about 44 million outstanding shares with 24.69% held by insiders, which makes the overall float of the company extremely tight. Tight floats are conducive to considerable gains as a company reaches a strong growth point. And in case you’re worried about short sellers, the short-traded volume represents only 2.5% of the total volume up to February 15th, 2021, which is virtually non-existent. + +At Stock Fam, we preach all about *inflection points* quite often, as we feel it is a necessary component for a good micro-cap story. When you put together the acquisition of *The Future of Cheese* with the rapidly growing online footprint and aggressive brick and mortar expansion, you have yourself a very clear and tangible inflection point. + +All this story needs is more exposure, and it seems like they’re about to get that covered, too. + +Please feel free to contact me on the Stock Fam Discord channel ([https://discord.com/invite/B7CEn5xBce](https://discord.com/invite/B7CEn5xBce)), visit [https://stockfamgroup.com](https://stockfamgroup.com/), join Stock Fam TV on YouTube (with Sean and Hammy) for C.E.O. interviews, as well as on Reddit and Clubhouse. Every aspect of the Stock Fam community is 100% free and always will be. We learn together. + +u/Mrdotto5 +Came across an interesting Twitter thread this weekend about what makes a Great CEO, which made me think about my own general investing thesis. + +First and foremost, I always bet on the people running these companies. For me, right now the absolute best are: + +1) Francis Létourneau at Nuran Wireless (NUR). + +2) Steven McAuley at Empower Clinics (CBDT). + +3) Paul Ghezzi at Kontrol Energy (KNR). + +4) Sue Ozdimir at Exro Technologies (EXRO). + +Who else should we be following right now? Who is emerging? +Is there a good YouTube channel? . + +That talks about current long-term value strategies, especially Warren Buffett and Charlie Munger, that is, great gurus. + +Thank you. +This may be a dumb question but If I perform a DCF analysis on a company and find that it’s worth $10/share and it’s currently trading ariund $10/share, is that considered to be cheap? In other words, should the stock be trading at some multiple to what I get from my analysis? Thank you +Exactly what the title says, I’m interested in doing some further research into companies. I don’t care what industry or sector they are in. + +I prefer them to have positive FCF and low debt. + +Let me know what companies you have in mind. +Hello investors, + +I published the latest article on the Value Investing blog + +17. Cash Flow Statement Analysis +https://dscompounding.wordpress.com/2021/12/08/17-cash-flow-statement/ + +Accounting isn't easy to digest, I'm trying to convey the essential parts directly related to investing in great companies for the long term,  in order to fight the decrease in purchasing power caused by the rampant inflation. + +This world is full of noise, everyone wants to carve out a new noise frequency. +In investing there are few things to know, but these few things must be communicated in a simple and concise way.  +This is what I'm trying to do. + +"Collecting the dots. Then connecting them. And then sharing the connections with those around you. This is how a creative human works. Collecting, connecting, sharing." +A. Palmer + +I just completed the series on Financial Statements +Here the link to the blog articles: + +17. Cash Flow Statement Analysis +https://dscompounding.wordpress.com/2021/12/08/17-cash-flow-statement/ + +16. Balance Sheet Analysis +https://dscompounding.wordpress.com/2021/09/08/16-balance-sheet-analysis/ + +15. Income Statement Analysis +https://dscompounding.wordpress.com/2021/06/04/15-income-statement-analysis/ + +All the best, + +Dave +I think this should go without saying especially in this sub but value investors(stupid term), people who look for asset mis-pricing’s with a large margin of safety that are trying to beat the market should be looking at the stuff people do not want, not can’t get enough of. If people are buying semiconductor companies hand over fist, it’s probably good form to stay away from the bunch. The biggest winners that are selling semiconductors right now? The people that were buying when market participants could care less. This is where we want to be ideally, in the places people don’t want to be. To beat the market, you NEED to deviate from it. Buffets says, “It is better to pay attention to something that is scorned than something that is being championed”. Recently I’ve seen talk of Apple being a “safe haven” stock and China being un-investable. Im sure you’ve seen the same rhetoric on these subs, on CNBC, ect and the prices reflect that. Our job is to unpack these underlying assumptions and try to understand them. If people are treating a company’s stock as a “safe haven”, it’s safe to assume that people are not paying enough attention to the valuation and respective returns that come with it. We know this is a recipe for disaster. We see this in reverse in China. Go look at any financial sub where the topic is Chinese stocks and count how many replies say “wouldn’t touch with a ten foot pole”. Investors are saying there basically is no price low enough to be interested. This is literally the opposite of investing. Safe to assume China is one of the most bargain ripe markets on Earth if not the most. I am not advocating for Chinese investments or against Apple, I’m advocating for looking for these pockets of irrational behaviors. If we want to catch the big fish, we have a better chance at the ponds with little to no anglers standing on the banks and not vice versa. +As the title says I received 3 apartments, 2 of which are valued at about 250,000 euros and one more at 350,000. I also got my mother’s house which is worth around 500,000. From what I understand the apartments are owned by a company that my mother created (which has no employees) which I assume was created to keep the income tax low as all three apartments are rented. The house as I understand is on my name now. The problem is that this summer I am leaving my home country to study abroad and I don’t have the slightest idea of what to do. +There are so many stories on this sub of software/computer engineers or finance people who end up reaching their number for FatFire and to each of those individuals I say, "congratulations, thank you for your insights and fuck you" because it's remarkable what you've achieved now go enjoy it. + + + +The more I read though, I don't think I can recall any stories of any Biomedical/Chemical/Mechanical Engineers who have achieved FatFire. As a recent grad who is starting out as a bioengineer with arguably the biggest medical device/pharma/consumer company in the world I am siked about the opportunity but it is also hitting me that on my current path I might not ever hit FatFire (NW goal of ~ 7m at 55). Even with the fact that I aggressively saved, worked through school and invested early on (NW~120,000 @22), I just don't make a lot of money. + + + +So my question is what can I do. From those who have more experience then myself, what routes have worked for you? Any Biomedical/Chemical/Mechanical Engineers that reached their number, how'd you do it? +I recently came across this topic, and I have found it extremely valuable, and learned a lot. Wanted to add my story, so people can learn from my mistakes, and get any feedback or advice you have. + +I’m 41, and have a net worth of $8 million. The net worth is comprised of: + +-$3.4 million of real estate: Main residence of $2.75 million, work residence in a different city of $0.4 million, and investment property of $0.3 million. All properties owned outright. + +-$2 million in brokerage accounts + +-$1 million retirement accounts + +-$1 million (after-tax) in unvested employer long-term incentive + +-$0.5 million (after-tax) in vested employer deferred compensation account + +No significant liabilities. + +I’ve always been a saver. I grew up in a lower middle class family in a high cost of living area...the biggest combined income my parents generated in a year was about $60,000, but there were many years total income was substantially lower, particularly after my dad was laid off from his job. My dad, partially by necessity, was always very frugal, and that example, plus not having a lot growing up, instilled the same sense of saving in me. + +I’ve tracked my net worth since my mid 20’s. + +26 - $145k +27 - $225k +28 - $420k +29 - $700k +30 - $1.5 million +31 - $2.1 million +32 - $1.4 million (market downturn in 2008) +33 - $2.5 million +34 - $4.0 million +35 - $4.9 million +36 - $5.9 million +37 - $6.7 million +38 - $7.2 million +39 - $8.3 million +40 - $10.1 million +41 - $8.1 million (bad trade discussed below) + +I was incredibly lucky to receive a significant amount of financial aid to attend a very expensive liberal arts school, although I graduated with a bunch of student loans. I was also fortunate to find a job in investment banking right out of college. The pay was great, and you work so much that you don’t have enough time to even think about spending money. + +After five years of working for someone, I became a boss, and with that came a substantial increase in pay. I apprenticed with some great bosses, and some of what they taught me rubbed off, and after a few years, I became a leader in the industry in my niche, with pay that regularly exceeded $1 million. With minimal spending, and generally favorable financial markets, this resulted in my net worth increasing by about $1 million annually. + +There are very few old people on Wall Street, and eventually my firm came for me, too, and I got fired a few years ago. Luckily, I was able to transition to a corporate finance job at a Fortune 100 company. While I’m not on the executive leadership team, I am fairly senior, with a compensation package that ranges from $800k to $1.5 million depending on company and business segment performance. + +The downside to the new job is that it requires me to commute to a different city every week, which also requires a work apartment and travel costs. The upside is that it freed me from the stock trading restrictions my previous job imposed. I don’t trade frequently, but through my prior job, I identified opportunities that come up a couple of times each year that can be highly profitable. Not every trade makes money, of course, but over the last few years, investments of $4 million have generated profits of $2 million. + +I was also lucky that my main residence, which I bought for $1.7 million, has appreciated to its current value of $2.75 million. + +Then I decided to be dumb. Earlier this year, I decided I wanted to go to the Super Bowl. I’m certainly no monk in the spending department, as I’ll describe below, but I’d never really spent any money on a splurge. Tickets to the Super Bowl were $16,000, plus the associated travel costs. After I decided to do it, I had second thoughts about spending the money, and the week before the Super Bowl, I decided that I’d feel better if I “earned” the money I was spending. + +As a side note, about this time, I’d gotten nervous about the equity market, and despite the significant capital gains tax I’d incur, I sold essentially all of my equity holdings, something I’d never done before. So I had a giant amount of cash sitting in my brokerage account. How does one potentially earn a lot of money over a couple days through trading? Leveraged volatility ETF’s, of course. + +Now I knew next to nothing about volatility ETFs. That said, given my overall posture on the market at the time, I invested a few hundred thousand dollars into an ETF that would benefit if volatility increased. I got lucky, and on the Friday before the Super Bowl, volatility started to increase, and I closed out the trade, making about $18,000. However, $18,000 in short-term capital gains is only about $9,000 after tax, so that still left me short the total cost of the Super Bowl. + +It’s now mid-day on the Friday before the Super Bowl, and I’m feeling short the remaining $9,000 this trip is going to cost me. Never mind that I have a net worth of $10 million and I’ve done nothing but work for the last 15+ years. I now decide I’m going to reverse the trade, and buy an ETF that increases if volatility goes down. Again, I know basically NOTHING about volatility ETFs. I am extremely educated on certain parts of the market, but volatility ETFs are not in my wheelhouse. + +I’d invested about $300,000 on the prior trade, but this time, in my desire to make some quick money, I decided to “invest” $1 million. No one will remember this, but on that Friday, the market started to tank in the afternoon, which increased volatility. So I was very quickly down a couple hundred thousand. I thought...this can’t continue, and proceeded to lose my mind, investing another $1 million in the trade. Before all was said and done, I had $4 million invested in the trade before the end of Friday, and was down a few hundred thousand. + +Relative to the general population, I’m a pretty savvy investor who knows a lot about risk mitigation. There is no other explanation for what I did that day other than I lost my mind. In any event, the market crashed on Monday, and it continued into Tuesday. Because of the leveraged nature of the ETFs, I ended up losing $3.5 million. + +Now, I’m well aware that I am extremely fortunate. As I opened with, even after this event, I have a net worth of $8 million. Losing the money didn’t impact my day to day life at all...I didn’t lose my house, and I didn’t have to cut back on spending. But it definitely had an impact. I don’t think I slept for weeks, and it completely killed my investing confidence. I’ve somewhat come to terms with it today, but I have to admit that I often calculate the passive income I could be generating today if I still had the $3.5 million. + +It’s been a valuable lesson to me. It has reinforced that I need to invest only in what I know and understand, make sure it sized correctly, and that I can’t be afraid to walk away from a loser if it saves me from being a bigger loser. Something to think about if you are heavily invested in the equity market at near all-time highs, or are highly leveraged at historically low interest rates. + +In terms of my current situation and plans...as I mentioned, my income is highly variable from year to year. I save about 40% of after-tax salary, and 100% of my bonus and 100% of my long-term incentive. My annual spending is around $130k after-tax, or $215k pre-tax. About $60k of the spending goes to property taxes and maintenance fees on the main residence and work residence in two very high cost of living areas. + +If I were to retire, after-tax expense expenses would fall to about $110k after eliminating the second residence and work travel costs, or $180k pre-tax. At a 4% return, I’d need a portfolio of $4.6 million, assuming I wasn’t going to eat into the principal. Today, I have about $3.8 million in assets earning a return, which would increase to $4.2 million if I got rid of the work apartment. + +So I’m almost where I need to be. That said, I do enjoy the job (if not the constant commuting), and as my Super Bowl story shows, I still have a problem spending money on non-housing items. (My justification is that housing can be an appreciating asset. Most other spending is not). So my plan is to continue working for the foreseeable future, increasing my net worth and potential passive income during retirement, and re-evaluate again at 45. (I also have the $1 million in unvested employer long-term incentives currently, although this is a never ending treadmill, since I’ll always be walking away from a significant chunk of money). Since I still enjoy the job and don’t have a clear plan for what I’d do if I walked away, I’m good continuing on the same path for now. + +Again, I’ve found this forum extremely valuable, and you’ve put a name to something I’ve been doing for awhile. Appreciate all the discussions and comments you’ve made on other topics. +All Posts relating to Buy Now Pay Layer goes here until this thread is no longer stickied. + +Only exception are GAINS and LOSSES posts. + +BNPL. Gotta Owe Them All. +There’s a listed townhome that’s really 1/2 of a larger townhome and no HOA. Is there a way to avoid or handle risks like noise, dispute over maintenance, etc without an HOA? It seems like a train-wreck if the two owners don’t get along. +I know I know everyone is going to say why crypto, it's got no intrinsic value, it's a ponzi scheme, it's a scam. + +Listen, I get it. It can be every one of those things. Or it can be not. I don't know, and so does everybody else. + +But I am young, 27 years old, and I **have to be aggressive**. + +I am **willing to loose 90%** of my crypto. It will suck, but it's the risk that I am willing to take. + +I wanna get into individual stocks because my country offers a special equity savings account, that has its tax benefits. However I can only buy individual stocks in it. I can buy and sell as much as I like, but I only pay tax when the money leaves that account. + +For this I'll mostly be buying tech companies. Fb, Microsoft, nvidia etc. + +My investment time horizon is **long term. I'm investing to retire early**. + +I'm also in the tech industry, so will have job security hopefully. + +I can also share exact numbers if that will be useful. + +Please critique this portfolio, and let me know your thoughts. +I have a (hypothesis) that a margin call did happen today and a hedge fund did get liquidated. + +Today we saw the rise of short float to 113%. What if that is just a piece of the puzzle. If a company got liquidated then their positions were all documented and they could no longer hide behind other means of shorting. The bank then reported the real short interest for that one hedge fund and now we see that reflected. + +Now we just have to wait and see what they will do with this. Either another hedge fund picks up the bag to keep the game going or we see those positions covering. + +I also propose that we can now look at that reported short float to see who is being liquidated. + +This could also be all speculation but at this point that is all that we have. We just have to wait and guess the means and signs until one day they hit us in the face with the short squeeze. + +[edit] This could actually weirdly explain the price drop on Friday. Here me out. If they are hiding shorts with option spreads and FTD then liquidation would lead to a temporary drop in price as call options are nullified. So basically synthetic shares are erased just leaving shorts which can now be reported. Friday may have been the margin call. Today may have been liquidation. Friday they sold off assets and hedged against GME shorts. These were now reported on Monday + +[edit 2] What if every glitch that we have seen is just this. A hedge fund FTD or sells positions to cover margin. Or they got margin called and have to uncook the books. + +I misspelt the title, please kill me + +[edit 3] So Evergrande*. What if this is happening because these hedge funds were padding their margin with shitty Chinese companies. This could be the reason why we are starting to see things happening t+35 days after Evergrande* went down. More speculation that China purposefully dunked on these overvalued stocks to send a knife into the American financial systems. If we look at which hedge fund was most exposed to Chinese shitties that is short GME we may be able to see which hedge fund is getting liquidated. We won’t see the full effects of t+35 liquidations for a little longer now + + +Also I want to add that at this point I am way down the rabbit hole of speculation but am trying to paint a picture that can hopefully be backed by empirical evidence + + +[ u/Vagabond_Hospitality comment] “I just dove into the Archegos stuff again. I think this would explain a lot. When Archegos got called, their open positions were liquidated. This would account for price action drop on Friday (if someone got called and liquidated). Thing is, since Archegos had so many return swaps - their positions were opaque until after the liquidation. They were using the swaps to hide their actual positions. Morgan was the one who eventually made the call, but they couldn't just liquidate everything: they had to sort through it. Credit Suisse ended up holding the bag because they were the last ones to make a demand. + +So, if there was a liquidation on Friday - then any shares or calls bought as a hedge would have been liquidated (probably off-market). Those are easy. But, because of the return swaps - the banks that did the margin call would have to "unwind" the positions and figure out what was even there. So, one day later, all the shorts get reported. + +Just like Archegos - the bank that made the margin call had a day before the other banks caught on and started demanding covers. If someone did get liquidated Friday, positions unraveled and reported today, then we could expect a lot of covers happening tomorrow. + +(this is pure conjecture mostly based on the Archegos timeline, but it does seem to fit the facts)” +Attention good folks of r/ASX_Bets + + +u/flemdiggitty has committed a grave offense against the throne, they have [posted](https://www.reddit.com/r/ASX_Bets/comments/yi016j/how_would_you_answer_this/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) the forbidden survey post. + + +Now, we haven’t had one for a while so let’s enjoy this Halloween with some ritualistic sacrifice by throwing this out to the mob because we all know there is no justice like angry mob justice.. + + +Pitchforks ready gang, decide this users fate below.. + +[View Poll](https://www.reddit.com/poll/yi1623) +I just discovered that someone stole all my ethereum on coinbase. I don't know what to do, I'm 19 year old and all my money was in ethereum. I partied on friday night and I lost my phone where I had Coinbase app. Can I locate who stole my eth? I really don't know that to do now. +PS: Sorry for bad english. +Account of the thief: https://etherscan.io/address/0x5605c008290adeb92e65eaa3e09133a76484d70a +I have been wondering about the assets that yield a monthly/ quarterly income so that one can be financially free to think about other investments. +Are there any assets that do so? + +Edit : i am not talking about bonds or trading because you have massive liquidity issue there. Something risk averse and stable. +a lot of apes wrote me, that i should create an own post with this: + +https://mkorostoff.github.io/1-pixel-wealth/ + +caution, your thumb might hurt after visiting the page.. + +___________ + + +edit 1: i thank you, me fellow apes, for the awards.. +apes strong together! hopefully many crayon eating apes like me see this comparison of big numbers to get stronger hodling.. + + +edit 2: better to watch on tablet or pc.. + +edit 3: link is safe.. google transparency report: + +https://transparencyreport.google.com/safe-browsing/search?url=https:%2F%2Fmkorostoff.github.io%2F1-pixel-wealth%2F + +edit 4: please, fellow apes, don’t get me wrong, this is NOT a political post or a post about the person jeff bezos. it should just show, that 10 000 000 dollar is not that big as you might think and how the dimensions and relations of this high numbers are.. bc it is very difficult for apes and humans to imagine that big numbers.. 💎 🙌 +of course the balance is not existing between the (uber) rich and the majority of the human beings.. but we will have the chance to change this, after the moass, when the rocket reached the moon. 🚀 🌙 +_____________ +obligatory reminder: + +i hodl for not less than 10 000 000 dollar a share and only sell AFTER the peak, no matter how long this will take.. + +____________ + +(credits to https://mkorostoff.github.io) + + +__ +a lot of apes wrote me, that i should create an own post with this: + +https://mkorostoff.github.io/1-pixel-wealth/ + +caution, your thumb might hurt after visiting the page.. + +___________ + + +edit 1: i thank you, me fellow apes, for the awards.. +apes strong together! hopefully many crayon eating apes like me see this comparison of big numbers to get stronger hodling.. + + +edit 2: better to watch on tablet or pc.. + +edit 3: link is safe.. google transparency report: + +https://transparencyreport.google.com/safe-browsing/search?url=https:%2F%2Fmkorostoff.github.io%2F1-pixel-wealth%2F + +edit 4: please, fellow apes, don’t get me wrong, this is NOT a political post or a post about the person jeff bezos. it should just show, that 10 000 000 dollar is not that big as you might think and how the dimensions and relations of this high numbers are.. bc it is very difficult for apes and humans to imagine that big numbers.. 💎 🙌 +of course the balance is not existing between the (uber) rich and the majority of the human beings.. but we will have the chance to change this, after the moass, when the rocket reached the moon. 🚀 🌙 +_____________ +obligatory reminder: + +i hodl for not less than 10 000 000 dollar a share and only sell AFTER the peak, no matter how long this will take.. + +____________ + +(credits to https://mkorostoff.github.io) + + +__ +The Mods are fallible. Aren’t we all? Being that this group of mods is typically very good, I expect them to get out in front of this mistake shortly and apologize/clarify. + +How many times do we need to re-learn the same lesson? We must wait for a nuanced review of the 8K before we get hyped on vote totals. Stay zen apes. + +Edit: + +Just to add a little further note of caution, what we saw here today was essentially motivated reasoning. We all want to see statements about more votes than possible so we saw one where one didn’t exist. I’m not saying the mods are bad, I’m saying they are human and that we all have lessons to learn from this. We have grown so much over the last 6 months and we will learn from this too. Avoid motivated reasoning. Try to be objective. + +Edit 2: + +When I say 8K, I mean a form 8K which is filed with the SEC. 8K is not a price target lol +Hi there, I have found myself in a bit of debt and am looking for the best way to deal with my problem. + +I have £1,000 on a credit card which is 25% interest. + +I have £1000 on PayPal Credit which is 20% interest + +I have one loan with £2,200 left to pay (payments are £330 a month) + +I have another loan for with £5,000 to pay (payments are £137.50 a month) + +I am £700 in my overdraft with a daily charge of 60p + +My monthly outgoings are: +Rent £140 +Internet £20 +Gym £30 (12 month contract can’t cancel) +Phone contract £47 +Sim contract £20 +Loan 1 £137 +Loan 2 £323.13 + +My monthly take home pay is £1370 working 37 hours a week + +I’m left with approx £625 a month. I am living at home so don’t have any other bills to pay + +My credit rating is poor so can not get another loan to consolidate. Borrowing from family/friends is out of the question + +Any advice on how you would tackle this is appreciated thank you + + + +****UPDATE**** + +I have sold my car and cancelled my insurance which gave me roughly £5000 back. I have also sold personal belongings such as my phone (£850) and other valuable items (£800) + +I used my latest pay check to fully pay off my overdraft + +Paid off my £2,200 (323 a month) loan in full + +Paid off my £1,095 phone loan in full + +Paid off my credit card in full + +Paid off £300 on PayPal credit + +I can not cancel my Gym membership until July and my sim contract wanted £200 to change my contract to a cheaper contract so I have left it as it is. + +I still have my £5000 loan (137.50 monthly payment) and this is the next thing I am planning on tackling + +Thank you again to everybody who contributed to my post. +This has been posted already but I feel it deserves more attention than it got. The process requires an administration fee of 650 NOK or ~$75, but it's worth it to help feed the catalyst. Here is the e-mail sent out to all GME hodlers on September 17th, translation courtesy of /u/Fiksdal: + +**Information from DNB Markets to shareholders in GameStop** + +Hi! + +You are receiving this letter on the grounds that you own shares in GameStop Corp. (GME) through DNB Markets. We have recently registered inquiries from customers who wish to transfer their shares from DNB to GameStop's account operator in the USA. In this regard, DNB wishes to provide you with the following information that you should consider before you send a request for transfer of your shares: + +\- Neither DNB Markets nor DNB Markets 'agent bank in the USA lend customers' shares in GameStop or in other companies. + +\- If you transfer your shares to GameStop's registrar USA, you will lose the opportunity to dispose of the shares in the period from the time they are delivered from DNB, until you have gained full access to your account with the registrar in the USA. + +\- Transfer of shares from DNB to GameStop's registrar can take up to 10 working days and the shares will no longer be available through DNB after the time of transfer. + +\- Once the shares have been delivered to the registrar in the USA, you as a customer will receive a bank statement in the mail with information on how to activate your new account on the registrar's website. Once you have activated the account, you will receive new login information in the mail which you can use to dispose of your shares with the account operator. This means that it can take a long time from the shares being delivered from DNB, until you can once again dispose of the shares with the registrar. + +\- Once the shares have been transferred from your account with DNB, you will no longer be able to sell these via DNB + +\- When the shares have been transferred from your account with DNB, DNB will no longer be able to report these to the Tax Authorities, and you must therefore enter this in your Tax Report. + +Note that the transfer of shares to the registrar in the USA costs NOK 650. + +If you wish to transfer your shares in GameStop to the registrar in the USA, we will request that you send a message in the online banking system on [DNB.no](https://DNB.no) with the following information: + +\- Social security number / organization number belonging to your securities account + +\- Full name and address + +Name / ticker of shares to be transferred to the registrar + +\- Number of shares to be transferred + +Sincerely + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +DNB Markets + +DNB Bank ASA + +Dronning Eufemias gate 30 | 0191 Oslo | Norway + +E-mail: [ah.markets@dnb.no](mailto:dah.markets@dnb.no) | [www.dnb.no](http://www.dnb.no/) +Hi team, + +The number of meetings being set in my calendar has become absurd. My observation would be that the move to remote work seems to have slowly driven a rise in meetings for discussions that could easily be handled by one or two short emails. I am working Big4, so I appreciate I am experiencing one end of the corporate spectrum but I am interested if this community is experiencing the same? I also want to rant. + +I know that one of Bezos’ management principals for Amazon is that all meetings need to be accompanied by a thoughtful memorandum written in prose. To me, some of the meetings I am being forced into are at the other extreme - the organiser has hardly considered what they even want and the half hour or hour meeting is used for them just to get up to speed or to think about what they want. Extraordinarily unproductive in reality, but everyone will have blocked out calendars and appear ‘busy’. +Hi team, + +The number of meetings being set in my calendar has become absurd. My observation would be that the move to remote work seems to have slowly driven a rise in meetings for discussions that could easily be handled by one or two short emails. I am working Big4, so I appreciate I am experiencing one end of the corporate spectrum but I am interested if this community is experiencing the same? I also want to rant. + +I know that one of Bezos’ management principals for Amazon is that all meetings need to be accompanied by a thoughtful memorandum written in prose. To me, some of the meetings I am being forced into are at the other extreme - the organiser has hardly considered what they even want and the half hour or hour meeting is used for them just to get up to speed or to think about what they want. Extraordinarily unproductive in reality, but everyone will have blocked out calendars and appear ‘busy’. +Recently I made a very bad decision for a lot of money (that's why I ask here, few people would understand). + +A startup of a friend asked me to work for them under a contract and options, and it was very generous. I didn't like the project much and thought it would fold. But it was for a limited time. + +They sold the project in 10 months and people with a percentage in it cashed out. I calculated it, I would have made a staggering 500k. + +I have read a lot of stoic books. They didn't help. +Gonna be graduating from college in one semester and am fortunate enough to have already secured a decent job in a low cost of living area. Right now I’m looking for places to rent with 2 other friends but have always been interested in getting into real estate and figure why not just look into purchasing instead. + +I’m looking for duplexes with 5-6 beds total. I would live in one unit with friends and would need to find tenants for the other unit. This is in a college town with lots of students though so finding tenants won’t be very difficult. + +My salary will be $65k~ and am fortunate enough to have no debt. I have $30k~ in savings for down payment and other fees/costs associated with purchasing as well as any initial repairs that need to be done. Leaning towards an FHA loan for that low down payment. + +I guess what I’m looking for is some opinions on if this is feasible or not? Also would love to hear from you guys on what a safe budget is (I.e. how expensive of a property can I afford). Most places that fit my criteria are in the $275k-$350k range. Rents in the area range a lot depending on size of unit, location, and overall just how nice the unit is. Typically $400-$700/room though. I figure I can get about $1500-$1700 in rent just from my unit and then I still have the other unit to rent out. + +Obviously I’m new to this so I can provide more information if needed. + +Thanks in advance! +Good Day, Apes, + +Einfachman here. Yesterday was a little unsettling, to be honest. The amount of Fear, Uncertainty, and Doubt spread all over the sub wasn't a good sight to see. Apes saying that "MOASS is over" because of this filing, were doing more harm to the community than the harm this proposal would actually cause if implemented. + +I would like to reiterate: this proposal will NOT prevent MOASS. + +What I saw yesterday was not unprecedented behavior. It was actually reminiscent of August, 2021 when Charlie'sVids on YouTube, along with many Apes on SuperStonk (and other subs), were spreading FUD/misinformation about the CFTC filing allowing banks to not report derivatives. There was a big FUD wave forming saying "MOASS delayed until 2024!!" and "SHFs won", and Criand and I had to calm everyone down and explain that this wasn't the case: [https://www.reddit.com/r/Superstonk/comments/pfklqo/i\_want\_to\_shut\_down\_any\_fud\_before\_it\_arises\_from/](https://www.reddit.com/r/Superstonk/comments/pfklqo/i_want_to_shut_down_any_fud_before_it_arises_from/) + +With that being said, since this is happening again, I would like Apes to use yesterday as a tool to better prepare yourself, and the sub, psychologically for MOASS. When MOASS begins, there will be all types of tricks SHFs will play. It will not be a straight line to $100 million per share.. MOASS could literally last over a month due to trading suspensions, halts, etc. So use yesterday as a tool for self-improvement. We've gotten to where we are today because of our ability to Buy, Hold, & DRS, remain stoic, and not allow the market/algorithm to psychologically manipulate us and allow ourselves to be consumed by emotions. + +Getting that out of the way, let's dig into proposal NSCC-003: + +This is the filing in question: [https://www.sec.gov/rules/sro/nscc/2022/34-94694.pdf](https://www.sec.gov/rules/sro/nscc/2022/34-94694.pdf) + +There's a few vocab words that Apes should familiarize themselves with before we continue: + +\--------------------------------------------------------------------------------------------------------------------------------------------- + +Vocab for Apes: + +**Novate**: replace an old obligation with a new one. + +**SFT (Securities Financing Transaction)**: transaction where parties exchange equity securities (in our case, GME) for cash, under the agreement to exchange these assets back to each other at a later date. + +\--------------------------------------------------------------------------------------------------------------------------------------------- + +Please note that this filing is 188 pages, and I abdicated my sleep to read through all this and try to best present it to you guys, so if there's a few things you believe I missed in the filing, please feel free to let me know and reference the page number. + +There's a lot this filing goes through, like general collateral upgrades for SFTs to better shield from a market crash, similarly to general collateral upgrades from NSCC-2021-005, which I went over last year: + +[https://www.reddit.com/r/Superstonk/comments/p5kr5z/nscc005\_approval\_accelerated\_publication\_tomorrow/](https://www.reddit.com/r/Superstonk/comments/p5kr5z/nscc005_approval_accelerated_publication_tomorrow/) + +But I will be going over the significant portions of this filing that primarily relate to GME & the MOASS. + +Relating to SFTs: + +pg. 3: + +"NSCC is proposing to introduce central clearing for SFTs, which are, broadly speaking, securities lending transactions where parties exchange equity securities against cash and simultaneously agree to exchange the same securities and cash, plus or minus a rate payment, on a future date." + +pgs. 3-4: + +"NSCC understands that SFTs provide liquidity to markets and facilitates the ability of market participants to make delivery on short-sales, and thereby avoid failures to deliver, “naked” shorts, and similar situations." + +Ok. First, what does this mean? The NSCC is introducing SFTs to avoid FTDs, naked shorts, etc. Does this help reduce aggressive shorting? In theory, it should, but in reality it wont. This will be abused to novate contracts and reset FTDs. Doesn't mean much to us, because MOASS initiating was never dependent on FTDs being settled, because SHFs would always can-kick them to begin with, as they have the past year. + +What about naked shorting? + +This can't create more naked shorts. The only true benefit SFTs could provide to them in regards to naked shorts is that it'll help them limit the effects of the MOASS, when MOASS comes. + +In my Checkmate DD ([https://www.reddit.com/r/Superstonk/comments/txnwhu/checkmate/](https://www.reddit.com/r/Superstonk/comments/txnwhu/checkmate/)), I explained how SHFs would need to come up with 6 times the amount of synthetic shares they have created in the entire history of shorting GME (in the event of a 7:1 split in the form of a dividend), which would be near impossible for them to do, leading to a checkmate move from RC and a MOASS upon implementation of the split. + +Well, SHFs can't use SFTs to create synthetic shares. All they're doing is exchanging shares for cash equivalent (pretty much borrowing), but those shares not only need to be returned to the institution that lent them, but post-split (in the event of a 7:1 post-split), SHFs would also have to return 6 additional synthetic shares back to the institution they borrowed from. They can't use this to create synthetics for dividend payments. Meaning MOASS will still happen and is still on schedule. It's also why we see RC is pretty chill. After GME was halted in March, RC tweeted "Who is more reprehensible, hedge fund short sellers or overpriced consultants?" If NSCC was threatening the effects of the stock split dividend or preventing MOASS, RC would likely turn his attention to the NSCC. The fact is that everything is still going according to plan. + +So, why should we care about NSCC-003? + +Glad you asked. Let's start with the pros and cons of NSCC-003: + +**Pros:** + +Firstly, I'd like to share a big hype part in this filing that it seems a lot of Apes missed. After yesterday, I feel like Apes could use the hype, too, so here it is: + +https://i.redd.it/nwpi6tz44wu81.gif + +**The filing virtually confirms there WILL be a MOASS.** + +Check page 184: "Although the proposal would impose an additional charge with respect to any Non-Returned SFT that is calculated based on the relevant SFT Member’s Credit Risk Rating Matrix rating and such requirement may limit the ability of certain Members to participate in the proposed SFT Clearing Service, NSCC believes that any related burden on competition would be necessary and appropriate in furtherance of the purposes of the Act. This is because such requirement is designed to allow NSCC to prudently manage increased risks associated with Non-Returned SFTs. As described above, to the extent that the Final Settlement of an SFT is scheduled on a particular date but does not occur, whether directly or through a pair off in accordance with Section 8 of proposed Rule 56 (as discussed above), **that could potentially be a result of a “squeeze” or other market dislocation whereby NSCC may face increased market risk in the event of the default of either the Transferor or the Transferee.** The proposed requirement would help to ensure that NSCC’s Clearing Fund deposit requirements take into account increased market risk that NSCC may face in connection with Non-Returned SFTs. " + +They KNOW this is going to happen, which is why they're legit mentioning it here. Hence, the entire purpose of this filing. They're trying to maintain order and control when clearing members start defaulting. That's all this entire filing is: + +When MOASS starts, market participants will be defaulting. The NSCC is trying to determine what to do to control the damage from all these defaults, as shown on pg.7-8 of the filing: + +"NSCC believes that broadening the scope of central clearing at NSCC to SFTs would reduce the potential for market disruption from fire sales for a number of reasons. First, in the event of a default, NSCC would conduct a centralized, orderly liquidation of the defaulter’s SFT Positions (as defined below and in the proposed rule change). **Such an organized liquidation should result in substantially less price depreciation and market disruption** than multiple independent non-defaulting parties racing against one another to liquidate the positions. Second, **NSCC would only need to liquidate the defaulter’s net positions**. \[...\] **Limiting the positions that need to be liquidated to the defaulter’s net positions should reduce the volume of required sales activity, which in turn should limit the price and market impact of the close-out of the defaulter’s positions.** Lastly, NSCC would use its risk management resources to provide confidence to market participants that they will receive back their cash or securities, as applicable, which should limit the propensity for market participants to seek to unwind their transactions in a stressed market scenario." + +So, yes. MOASS will happen. The NSCC is primarily focusing on the damage DURING the MOASS. + +The only benefits I see besides the acknowledgment of MOASS is that they might be able to save some market participants with this, and also lessen the extent of how strong the market crash will be. Although, one could argue that them fighting this market crash is only going to prevent us from having a free market, where we get real price discovery on the index funds. + +**Cons:** This filing will attempt to limit the extent of MOASS. + +For example, recall that on pages 7-8, the NSCC would only need to liquidate the defaulter's **net position**, not everything. This would limit how many short positions need to be closed. + +[Net position, as defined by NASDAQ](https://preview.redd.it/7bt8j5f74wu81.png?width=837&format=png&auto=webp&s=8526bf829019b89d8c64e6c4f9035bc0cd47f3e2) + +[https://www.nasdaq.com/glossary/n/net-position](https://www.nasdaq.com/glossary/n/net-position) + +P.S. I noticed on NASDAQ's website, they made a grammatical error for the definition of "net position". They used "where" instead of "were" on the 2nd sentence. Thought that was pretty funny, considering the NASDAQ is a leading global exchange. + +Anyways, SFTs would also pose a problem during MOASS. + +SFTs would allow SHFs to hide a portion of their obligations during MOASS. + +The NSCC provides an example for how this would work on page 12: + +"For example, assume that a Transferor (as defined below and in the proposed rule change) and Transferee (as defined below and in the proposed rule change) enter into an SFT pursuant to which: (i) in the Initial Settlement (as defined below and in the proposed rule change) on Monday, the Transferor will transfer 100 shares of security X to the Transferee against $100 per share; and (ii) in the Final Settlement on Tuesday, the Transferee will transfer 100 shares of security X to the Transferor against $100 per share. After the Initial Settlement occurs on Monday, the Final Settlement of the SFT is novated to NSCC. In the Final Settlement on Tuesday, the Transferee will return 100 shares of security X to the Transferor for $100 per share." + +Let's say GME is at $1,000, about to take off and they create SFTs for a few million GME shares, a few weeks later GME is in the millions, but SHFs closed their net positions, and "hid" those other few million shares off their balance sheets for the time being. SHFs will still be bankrupt (unless the NSCC trying to bail them out in some way), but the extent of MOASS could've been even bigger if SHFs were forced to close their net positions as well as the positions they hid in the SFTs during the MOASS. Ergo, the NSCC is trying to limit the effects of MOASS by allowing tools such as SFTs to limit the total number of positions that end up getting closed during MOASS. + +pgs. 19-21 deal with what happens to SFTs that fail-to-deliver. + +"It is occasionally the case in the securities lending market that a borrower is solvent and able to satisfy its general obligations as they become due but unable to deliver the lent securities to the lender within the timeline requested by the lender. The contractual remedy that has developed in the bilateral securities lending market for these situations is a “buy-in.” Under this remedy, the lender may purchase securities equivalent to the borrowed securities in the market and charge the borrower for the cost of this purchase." + +Ok, so this part is messed up. This is like dark pool. When MOASS happens, SHFs could do this and successfully prevent millions of GME shares from hitting the lit market, by borrowing GME shares from another party, not returning them, and paying for completely unrelated shares. + +**The thing is that they can't do this for ALL their short positions,** **because they wouldn't have the money to do so, nor would any party have enough shares to cover ALL of Citadel's (and friend's) synthetic shares.** So, again, this won't stop MOASS. But, this filing is clearly doing its best to limit the extent of MOASS by taking away as many share closing obligations they can from liquidation and price discovery. The rest of the SFTs that fail-to-deliver (they call Non-Returned SFT), deals with how the NSCC may novate the contract and handle the process once the lender recalls the SFT. + +\--------------------------------------------------------------------------------------------------------------------------------------------- + +Ok. Here's some bullet points for yall: + +• NSCC-003 allows for dark pool-type abuse to limit legitimate price discovery during MOASS. + +•NSCC-003 can shed off a portion of short positions required to be closed during MOASS. + +• NSCC-003 allows for more loopholes to lessen the extent of MOASS. + +•NSCC-003 could help SHFs delay a portion of the GME shares needed to be returned. + +\--------------------------------------------------------------------------------------------------------------------------------------------- + +Again, this won't stop MOASS, but would lessen the extent of MOASS. + +Even with this filing in place, I can say with a high degree of confidence that GME can still hit a price in the millions. I explained in my "We Are Unstoppable" DD, ( § 4: Geometric Mean: [https://www.reddit.com/r/Superstonk/comments/t3zp4h/we\_are\_unstoppable/](https://www.reddit.com/r/Superstonk/comments/t3zp4h/we_are_unstoppable/)), + +also in my DD "Mountains of GME Synthetic Shares"... + +([https://www.reddit.com/r/Superstonk/comments/qxljfb/the\_numbers\_are\_in\_mountains\_of\_gme\_synthetic/](https://www.reddit.com/r/Superstonk/comments/qxljfb/the_numbers_are_in_mountains_of_gme_synthetic/)) + +...that 90% of GME shares could be paperhanded, and still not inhibit MOASS, because it's the final millions of shares SHFs will need that will drive the price up past the millions easily. + +So no, MOASS will not be prevented by NSCC-003. It will dampen the potential of MOASS, but not prevent it. + +Regardless, NSCC-003's implementation would limit the effect of MOASS, allow more stupid loopholes and tricks for SHFs to abuse, allow for more market manipulation, and would ultimately go against legitimate price discovery and a fair & free market, so Apes shouldn't be supporting this filing at all. + +NSCC-003 should be withdrawn, and Apes should be commenting on the rule in opposition. + +The good news is that the NSCC tried this before. They proposed this garbage in the past but withdrew it both times they proposed it, because APES WERE VOCAL. Apes fought back and commented on the rule in heavy opposition. + +If Apes comment on the rule in heavy opposition of this proposal in mass, based on past behavior with from the NSCC, I believe they'll withdraw it once again. + +They already withdrew it 2 times in the past, but I have a feeling the NSCC is afraid now because RC's stock split dividend accelerates the countdown to MOASS, so they've introduced this proposal again. If they withdraw this proposal, they might not have enough time to come up and implement a new one before the stock split dividend gets implemented, which would be a win for Apes. + +**TL;DR: NSCC-003 allows for dark-pool type abuse during MOASS, and although it won't prevent MOASS, if approved, it will be a significant factor inhibiting the potential of MOASS, possibly creating a weaker and prolonged MOASS (regardless, GME would still have the potential of hitting a price in the millions). Ultimately, NSCC-003 is harmful to a "fair and free market" & Apes should be vocal in opposition of NSCC-003.** + +\--------------------------------------------------------------------------------------------------------------------------------------------- + +If you want to help get this proposal withdrawn, you need to send an email to [rule-comments@sec.gov](mailto:rule-comments@sec.gov) . Subject needs to be "SR-NSCC-2022-003". Simply state your vehement opposition to this ruling as a retail investor and end by requesting that it needs to be withdrawn to preserve market fairness and integrity. + +\--------------------------------------------------------------------------------------------------------------------------------------------- +I pulled the FIRE trigger today and gave notice that my last day will be June 5, the day before the twentieth anniversary of my high school graduation. I had to call my supervisor and notify her since we rarely see each other. She wasn’t shocked, as I had briefly mentioned a few months prior that I was financially independent. She asked if there was anything that she could have done differently – there was not. She asked if I was retiring or if I had something else lined up. I just said that I was not submitting an official reason, but we could meet up if she wanted to hear a long list of personal reasons that I drafted. She didn’t seem at all interested. I wasn’t exactly a model or valuable employee. I wasn’t thanked for my twelve years of service, or for the fact that I never missed a day of work. Five minutes prior to the phone call, my wife finally admitted that she was glad I was quitting. This was something I already knew, but was always sidestepped and avoided upon questioning. This had to be my decision. And it was. + +I previously posted my story about my FI journey, but here’s a quick summation since there will inevitably be questions. I have been with my wife since 1998. We got married in 2007 and have been single-income for 90% of the time with no kids. I graduated high school in 1997, college in 2001, and pharmacy school in 2005. I entered the workforce on August 15, 2005 in a tough retail pharmacist career that I cared nothing about. Realizing before I ever began that I didn’t want to do this for the rest of my life, I resolved to spend at a level that matched the standard of living from my youth so that I could retire before turning 40. I didn’t even know that FIRE was a popular thing 18 months ago! + +My salary plus benefits started at about 115k/yr and ended at around 150k/yr. My spending started at around 30k/yr in 2005 and ended at around 38k/yr in 2017. I estimate that my average savings rate was 70% for nearly twelve years. I was fortunate to have some scholarships, as well as parents who supported me. The current bull market has also been of enormous benefit. I made a lot of good decisions and a few bad ones. From 2005-2011, I maximized 401(k) and IRA contributions every year while the balance went to paying off real estate. Our house, land, and personal property were fully paid off for around $250k and have since appreciated to $400k. The 401(k) and IRA contributions were a mix of VSCIX (small cap) and VFIAX (S&P 500) but were moved entirely into VSCIX near the bottom of the market in 2011. + +Once the house was paid off, and after the 401(k) and IRA contributions were made each year, leftover funds from 2012-2017 went into a mix of VFWAX (international stocks) and VWLUX (US municipal bonds) in a private Vanguard account. My future AA will be 60% VTSAX (total US stock market) / 20% VFWAX (total international stock market) / 20% VWLUX (US municipal bonds) or perhaps 40/40/20 (I have yet to decide). My current spending of 38k/yr will drop back to 30k/yr as a direct consequence of retiring (3k less on health care from some tenuous ACA subsidies, 1k less on flexible vacation spending, 3k less on eating out, 1k less on fuel consumption, 1k less on homeowners insurance, and 1k more on entertainment). + +Once everything is settled, investments will total approximately 1.03M for a SWR of 2.9% (a drop to 1.9% if wife keeps her part-time hobby employment, a rise to 3.4% if she quits and the ACA subsidies disappear) but I might opt for a 3.0% SWR so that I can increase withdrawals from 30k/yr to 31k/yr. All of this works out to about 620k across retirement accounts entirely in VTSAX with 410k in private accounts as a mix of VWLUX and VFWAX, in addition to personal property worth 400k for a total net worth of 1.403M. + +Although I stand to get 10k/yr from SSI, perhaps 500k in inheritances, supplemental income at some point, and a not-too-far-fetched possibility of national healthcare or UBI, I don’t assume these. As far as life after retirement, I have many hobbies, interests, and goals to pursue, so I won’t be bored. Returning to some compensating endeavor far into the future is also likely. Finally, I want to thank this subreddit for having so many members willing to offer input, encouragements, and criticisms that helped me out tremendously in the past few months. +I'm a single 31 year old journalist at a digital media company, and it's one of the most toxic jobs ever. I work 24/7, I'm stressed out constantly from reading bad news, and live in fear of layoffs as my industry crumbles. + +I've decided to change career paths into something more stable and lucrative in tech such as technical writing, UX or content strategy. I'm so sick of my job and it takes so much time and mental energy that I have this urge to quit ASAP just for mental health, but I'm worried about the time and retraining it would take for me to get a new job in a different field, and concerned I'll be less employable if I have gap on my resume. My question is: should I stay at my current job while I work on skills and try to transition careers? Or am I in a good enough financial position to quit and focus fully on training myself/gaining experience for a job in the new field through freelance work? With my savings I feel like I can swing it for at least a year without income, and that's without ANY new money coming in, which seems unrealistic as I plan on taking one or two freelance gigs a month. + +Finances: + +salary: 65k + +location: medium cost of living location, currently paying $1k a month for rent (share w roommate) + +savings account: 20k + +retirement: combine 401k and roth = 100k + +zero credit card or student loan debt + +What should I do? + +&#x200B; + +UPDATE: wow thank you for all the great responses and DMs, so many people have reached out offering their advice and help. what a great sub +( Its important to recognize that this IS NOT a rule or regulation, it is a staff statement. Not saying nothing will come of this or it won't be acted on, but we can't take this to mean it's a rule that will be enforced.) + + +The letter is an internal letter, what you may understand is basically that its similar to a "Disclaimer" written at the bottom of internal memos, letters etc, stating that the letter in itself is not a new actionable regulation. + +The real important part of the letter is this.. + +Rule 15c3-3(b)(3) requires broker-dealers entering into agreements with their customers who lend the broker-dealers fully-paid or excess margin securities to provide the securities lenders with collateral that fully secures the loans.[3] Staff’s letter stated that the staff would not recommend enforcement action to the Commission regarding these programs for six months from issuance of the letter, or until April 22, 2021, to give firms time to come into compliance with the Rule.[4] + +Broker-dealers operating these programs should be mindful of the importance of complying with the requirements of Rule 15c3-3 and ensuring that retail investor funds receive the full protections afforded under the Securities Investor Protection Act. + + +So stock brokers need Billions of extra capital on hand as of the 22nd or they have to recall the shares they lent out. + +Makes sense as to why the banks have been selling huge amounts of bonds now. + + + +Link to SEC https://www.sec.gov/news/public-statement/staff-fully-paid-lending?utm_medium=email&utm_source=govdelivery + + +Credit - @ReapersGavel :) +https://mobile.twitter.com/ReapersGavel +So many people say that there is no guarantee that a Stock Market Bear Market or outright crash will end and a boom will follow. Each time people say THIS TIME IS DIFFERENT. + +Each of the 26 Bear Markets has been scary and many people bailed out and went to cash because there was no guarantee that the stock market would go back up. + +Is this Bear Market different due to a very unique situation? + +I thought this weblink was an interesting study on Stock Market Bear Markets. + +[https://www.hartfordfunds.com/practice-management/client-conversations/managing-volatility/bear-markets.html#:\~:text=There%20have%20been%2026%20bear,days%2C%20or%20about%209.6%20months](https://www.hartfordfunds.com/practice-management/client-conversations/managing-volatility/bear-markets.html#:~:text=There%20have%20been%2026%20bear,days%2C%20or%20about%209.6%20months). +So I invested a little in their Crowdcube campaign and they just posted an update claiming to be so + +&#x200B; + +>Here’s a data point we haven’t shared before: **We are the third largest retail stockbroker in the UK**. +> +>This is based on the number of trades through the London Stock Exchange’s RSP network. The data covers all of 2020 and is from the LSE itself and how it tracks market share amongst retail stockbrokers. +> +>That’s an incredible stat given we only removed the waitlist and launched publicly in April 2019. We went to third place in the span of a year! + +&#x200B; + +Thoughts? +I'm aware that people can buy fractions of US shares, but would it be possible to buy fractional shares of UK securities? + +If so, how practical is this? Do many trading platforms support fractional share trading of UK stocks and shares? +Ok, the FED has spoken: + +[https://www.cnbc.com/2021/12/15/fed-will-aggressively-dial-back-its-monthly-bond-buying-sees-three-rate-hikes-next-year.html](https://www.cnbc.com/2021/12/15/fed-will-aggressively-dial-back-its-monthly-bond-buying-sees-three-rate-hikes-next-year.html) + +If I understand it correctly, the FED currently has 6.3 Trillion dollars out in the market. + +Adding another 12x60 Billion next year would increase that by 11%, right? + +Does that mean we can expect prices to go up another 11%? +Every time I check my bank balance, I round it down to the nearest £5 and put the difference towards my mortgage. We budget, but the budget isn’t so tight that we need to count the pennies, so I don’t notice the money is gone. Today’s overpayment was £1.67, which is about typical. My husband usually laughs at me a little for doing it, because £1.67 is obviously such a tiny tiny fraction of the balance owed so he says it isn’t worth doing. + +However, my husband checked the mortgage balance today as well, and noticed that we’ve made over £250 In overpayments so far this year! This has all been down to me ‘tidying’ the bank accounts, and I have to say, I’m thrilled that I’ve managed to save so much without missing that money at all. Does anyone else do this, and if so, what do you put the money towards? + +So this is just encouragement really, that saving the pennies really does make a difference to your long term goals (and that multiple £1.67’s will eventually pay off my mortgage!). +Hi! + +First time posting here, but I quit my job due to unexpected and unavoidable circumstances. (I'm a 20 year old college student and no longer had a viable way to get to work nor did I live in the area any longer). I had to quit and I couldn't give my two weeks. He told me that he is withholding my last paycheck until I return the office key IN PERSON. He wouldn't let me mail it in or give it to my coworker knowing that I no longer lived in the area and didn't have a car. Anyways, I turned it in a month and a half ago and he still isn't paying me my last paycheck. Is that legal since I didn't give my two weeks?? He is claiming he doesn't have to pay it to me. It probably isn't a large amount but being a broke college kid, I would like the extra money. + +Thanks for the help! + +Edit: Wow! Thanks guys for all the insight. I understand that it varies depending on state so if it helps, I live/work in California! + +Edit #2: Thank you guys so much for the support and advice! Just wanted to clear a couple things up, I went back to my old office within a week of quitting to return the key as he asked. I told him the day I was coming to return the key and held my end of the promise. I've been trying to contact him since (its been two months since I've quit) and he has been incredibly flakey. I will contact the Department of Labor today! + + +Ill start. + +&#x200B; + +People i know ( mostly coworkers) who complain about the price of fuel, more specifically diesel, and that they dont want to keep paying high diesel prices. So to counteract that for work purposes they will go and buy a old very used 4 cyl petrol car, while still keeping their diesel ute. ( this would be different if they sold their diesel ute) + +&#x200B; + +And thankfully i hold back from saying anything, but there will never ever be any logic or financial literacy to go in an example like that as the cost of buying another/ used car will far outweigh any savings at the bowser that may happen +I bought my first investment property at 3.375, my buddy is looking and our shared broker said he’d be lucky to land around 5.25%! + +Have the mortgage companies overshot here? Are they overestimating the pace of federal reserve? +Hello Superstonk! + +I just wanted to do another compilation this weekend. Re-iterating some old DD I have written as it starts to become applicable to the current situation. + +Jefferies and BOA coming out this week and declaring no more short positions would be allowed to be taken, added some weight to a thesis I had come up with a few weeks ago. I was getting frequently asked on reddit and YouTube. Why is GME's borrow rate so low. Well I came up with a logical answer and now as I feel that theory is becoming more likely I wanted to re-iterate it hopefully to a broader audience as I feel that this is something we should all understand. + +So here it is... + +# Why so short? or Lender's Fuk Hedges? + +This part is speculative but I think it makes sense and the conclusions add up. In my experience, that's usually a good place to start. (no more so than when I originally wrote this) + +**Why keep making or buying these synthetic shares?** + +If they are in fact losing the ability to net a positive change for the short side why keep compounding the problem?... + +**Incentive.** + +I was looking through the Dave Lauer AMA and he kept mentioning rebates, not related, but it triggered this thought. I don't typically go short stocks except through options and I don't use margin. So this is only something I vaguely remembered from school and had to embarrassingly look up. + +Basically any time you short a stock you borrow the share from a lender and you pay a stock loan fee + +***value of securities borrowed X number of days borrowed X agreed rate/number of days in the year = Stock Loan Fee*** + +In addition you must post collateral of: + +***value of securities borrowed X the agreed margin = stock loan collateral*** + +This collateral can be non-cash (eg other liquid equities or government bonds) or you can post cash collateral. + +**Now here is what intrigued me.** + +Sometimes in certain arrangements with larger investors a lender will offer a [rebate](https://www.investopedia.com/terms/s/stock-loan-rebate.asp) for using cash collateral. These rebates are a payment on interest or earnings for the cash held to cover collateral from the lender to the borrower. This rebate typically can offset all or some of the lender's fees to the borrower depending on the Securities Lending Agreement between the two parties. + +**So how does all this tie into GME?** + +The first thing that got me looking into this was a question I get five times a day on my stream, at least. + +**"Why is the borrow rate on GME so low?"** + +GME has a ludicrously low borrow rate for a stock that has as much short interest (as shown above) as it does, currently 0.94%. Other stocks with I suspect are significantly less short (eg AMC: 26.64%,KOSS: 90.80%) have much higher borrow fees than GME. + +This led me to the thought + +**"What if it was in the lenders best interest to keep the rate as low as possible to incentivize SHFs (short hedge funds) to continue shorting the stock ?"** + +It could be if the lenders can make it lucrative for the SHFs to short why would they stop so I started building a scenario in my head what if the deal looks something like this. + +[ Incentivized borrowing agreement ](https://preview.redd.it/5xm15c5r6o371.png?width=1300&format=png&auto=webp&s=eb18908ca4ca150abc6725bea4786ee5b3179e75) + +So the lender lays out a deal where simply by posting the cash collateral the SHF is able to short the stock at no fee while earning the interest or profits off the cash held in collateral. This incentivizes the SHF to continue shorting the stock as the are making profits while accumulating larger and larger short positions. While the Lender accrues more and more collateral. + +The more cash held the higher the interest payment and the more short they can be on GME. In this scenario they are essentially being paid to short the stock. + +**Sounds like the deal of a lifetime. So, what's in it for the lender?** + +Well if I were a lender for a SHF I would have intimate knowledge of what their positions looked like. I would also know that when they extended their positions instead of closing the loans they were at risk of defaulting. If they default I keep their collateral. + +**Why would I only want some of their collateral when I found a way to have it all.** + +Well for this to work the hedge funds would have to be trapped in a cycle of shorting, a lost position with no way out. + +# Conclusion + +So I am gonna attempt to tie all this together. + +My theory is, they never covered not only because they couldn't, but also because the lenders have been incentivizing them to continue shorting through profitable rebate agreements that allow them to short the stock infinitely. + +What the lenders, I believe, realized is that the were trapped in the positions they had no option but to continue shorting the stock hoping the interest would die down and retail would back out. + +The Lenders took advantage of their "trapped" positions by structuring deals that would help them continually short the stock at the cost of cash collateral. The lenders win either way either off the profit of the borrowed shares or accruing collateral on loans that were guaranteed to default. + +**The lenders are lending synthetic shares because they know that in the event of a default it won't matter, because the shares will be diluted along with the rest of the assets.** (Sound familiar? It should the lenders are doing to the SHFs, what the SHFs are doing to GameStop) + +The only missing piece of this, + +**Do lenders pay taxes on seized collateral from a defaulted loan?** + +I'm currently unsure it looks like they do, but I am not experienced with tax law I have no idea the value of unrecovered synthetic shares that could be claimed as a loss. + +Normally I don't post my video's directly on here but this topic came up on my livestream on Friday and I covered some Q&A on it. I do not have time to transcribe it as this is the first of two DD's I will be writing today. + +# Video Q&A + +Additionally for anybody with reading comprehension issues I hope this helps in understanding this complex topic. + +*\*This video is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* + +[Video Q&A](https://youtu.be/EIs5Ay6OEYk) + +As always thank you all, my weekly technical analysis DD will coming out later tonight I will link it here when it is up + +❤️🦍 + +\- Gherkinit + +Edit 1: [Weekly TA DD up for 6/7](https://www.reddit.com/r/Superstonk/comments/ntsm5a/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +Edit 2: I believe the order of liability to cover FTDs goes like this + +[FTD clearing chain in the event of liquidation](https://preview.redd.it/gsg8f950pq371.png?width=2054&format=png&auto=webp&s=c989d7296d8bef057d5669bd86f4dc9eacbc5448) +I’m 22, turning 23 soon, and have just started at my first full time position out of college. My salary is $50,000 and I intend to contribute 10% of my paychecks (which will go up to 16% when my employers matching kicks in next year) to 401k. I already contribute to a Roth IRA and am on track to max out my contribution for 2021; I intend to max it out every year. Additionally I have a brokerage account that currently has $24,000 in it. This usually brings in $500-800 in cash from my options trading every month which most of it gets reinvested and some goes to my Roth IRA. My employer offers both traditional and Roth 401k. My main question is, should I have both a Roth IRA and Roth 401k? Or should I opt for the traditional 401k? +Learning it the hard way. + +On 1st July I did an investment of Rs.1 lakh in mutual funds via Groww, which uses BSE's Star MF platform at the backend. + +Transaction failed but money got deducted from my account. the automated message said that if the money was deducted, I will auto get a refund in 3-5 working days. + +When I didn't receive any refund after a week, I contacted my bank, which told me that transaction was successful at their end and money has been deposited to Indian Clearing Corporation. + +On contacting Groww, they said that I need to wait 1 more week for the refund as money is with BSE. + +It is now almost 1 month, countless email exchanges with Groww, a complaint filed with SEBI (scores portal), communication on twitter with BSE Star Mf team, has resulted in nothing. + +All I am getting is, please wait one more week.. + +On twitter I realized that there are hundreds of others stuck in the same situation as me, Tweeting, pleading, threatening and begging to get their money back. No one cares. + +Many are tagging media houses, journalists, politicians and what not. But since last 1 month, BSE has just taken people's money and not refunding it or doing it extremely slow. + +Now, this is not just about my Rs.1lakh. what if tomorrow BSE or Groww refuse to redeem my mutual fund money. I have close to Rs.20lakhs invested. What recourse do I have? + +What recourse do anyone of us have? + +I have prepared the full document file of all communication and transaction details and going to file a case in consumer court for refund of my money but that will take another 3-6 months of legal running around. + +All this just to get back MY OWN MONEY. +Background: I'm an attorney, I make $100k. However, I'm in my 8th/9th year of practice, and according to everyone I've spoken to, I'm woefully underpaid for my experience level. As such, I'm actively applying to new jobs, and reasonably expect a bump to $130k or more (on the low end), and increasing from there on up. Current boss has promised that if I meet certain performance goals in the next two months, I'll get bumped to $110k. + +I own a townhouse (mortgage $1600), no student debt, I have a 401(k). I have an investment account with some money in it. I own a foxbody Mustang that is completely paid off. I pay $462 a month for insurance for both cars (full coverage, 250/500) and might be overpaying for that (no accidents or tickets the past 10 years). Utilities are about $400 a month, I have a $40/month gym membership, no other major expenses. + +I've have a C6 Z06 that I bought in 2018 for $35k. It's been my daily for the past 4 years, but it's way too unreliable, and I'm tired of dumping money into it. So I'm selling it. I expect to get around $32k-$37k, and I'll have a fair bit of equity left over from that sale, so some nice folding money in the bank. My current payments on the Z06 are $500 for the loan (informal handshake loan from my day) PLUS $175/month for an aftermarket warranty. + +I want a 2022 Challenger Scat Pack. It took me six months to decide what car I'd want, and I finally found one with the options I want and put a deposit on it. Deposit only holds the car until this weekend (refundable deposit). + +Leasing is right for my life situation. I need a new car, a reliable daily driver with a warranty. And yes, cars are my main/only hobby and basically my entire life. Extremely important to me. + +The payments on the Challenger are $740 a month. + +Can I afford this? Let's say I get bumped to $110k in salary (which my current boss promised will happen in two months). Take home pay (AFTER TAXES) will be $7k/month. So 10% of that is $700 a month. 15% would be 1050. + + +EDIT: *Ok guys. I asked a question looking for real advice and input. I just wanted some advice and you've given me exactly what I'm looking for, and I really appreciate the input. +I'm kind of snapping out of this decision and I think this is too much of an expense for me to handle at my current salary. I think this would be a stupid choice. +I think I'm going to buy a lower mileage used Mustang GT instead (2014). Still should be reliable and fun, and should cost about $35k at the top end of things.* +Two months ago when Bitcoin hit its all time high of $69k, pretty much all you would hear from people around here was that the days of Bitcoin below $50k was a thing of the past--with members posting all these ~~astrological~~ TA charts proclaiming how the 'maximum pain' from here on forward was around the $55k mark. + +But what caught my attention more than anything was all the people whining and complaining how they 'wished' they had bought in when BTC was in the low 40s and how they had missed that glorious opportunity. + +Well fellas... its time to put up or STFU cause that time is today. But judging by things around here I am guessing the modus operandi is going to be more and more whining, this time about how they 'wished' they had sold. And then a couple of weeks or months from now when the market recovers (as it always does) we'll have the same people whining about how they missed that golden opportunity of buying low yet again.. no wonder we have that prophetic joke about buying high and selling low. + +I think its about time to disrupt that problematic pattern of behavior. +Anyone else watching him squirm? + + +[https://www.youtube.com/watch?v=22xc-oAeuAA&ab\_channel=ABCNews%28Australia%29](https://www.youtube.com/watch?v=22xc-oAeuAA&ab_channel=ABCNews%28Australia%29) +I read an article that says they are expected to go up another 7% in 2023. Interest rate hikes are supposed to be taming inflation, and it has worked in bringing gas prices down, but groceries are still sky-high. + +Is this all because of price gouging and greed, or is there actually that severe of a shortage of things? Will they just be going up at this rate forever from now on, leading to a point where 90% of Canadians go hungry, which causes civil unrest? Will there ever be stagnation or a drop? +One of the best communities you'll ever be part of is with SuperADA. It's absolutely insane that this gem was fair launched 2 days go and now just hit 700k mcap as an ATH. Currently trading at about 500k after, but man wow. + +The community is SUPER, team is SUPER, but most importantly your funds are SAFU. This is a gem where you come, chill with the group and see your investment grow. + +NFT One of the best part about this project is the NFT giveaway. Everyone who is active in the community, takes part in giveaways gets their own NFT of their choice. You'll see that in the display pictures once you come there. + +This has been one of the best experience in BSC so far. Couple of things to keep in mind; + +- Just 2 days old +- Dev doxxed +- LP locked +- 1300+ TG members, growing by the minute +- Focused marketing. Always getting the word out. +- Phase 1 of roadmap completed ✅ +- NFT giveaways + +Do not forget, PowerHOUR. It gives 2x ADA rewards, too. Twice, daily. + +We also have a theme song that will get you humming it at odd hours once you listen to it, just come to the TG and give it a go. + +Discord + Twitter popping too. + +This has all recipe to be bigger than it already is in the next 4-5 days. + +Giveaway going live for a very RARE NFT, too. + +TG; https://t.me/Super_ADA + +Website: https://www.superadaofficial.com + +Contract: 0x6051ded779ce26646b213e22ab69805f5bca4df5 + +Just come check the community and you'll know what I am talking about. See you there. + +NFA.DYOR. +Two-thirds of Americans who have at least $3 million in investable assets have not talked to their children about their wealth or never will, according to a Merrill Private Wealth Management [study of 650 families](https://www.pbig.ml.com/articles/how-do-families-make-effective-wealth-decisions.html). Also [discussed here](https://www.nytimes.com/2019/08/02/your-money/parenting-wealth-discussions.html). + +Top reasons for not discussing money with children: + +1. Parents do not want inheritance to rob children of motivation. +2. Talking about wealth often increases a parent’s anxiety. +3. Sometimes, parents avoid the discussion because they do not know the answers or even how much money they have. +4. They don’t come from generational wealth, so they didn’t have these conversations themselves growing up. + +But despite these reasons they say it’s important to have discussions about wealth: + +> Families that inherit wealth often continue to be wealthy because of the conversations they have... +> +> These families, he said, follow a three-step process: Educate their children about finances and wealth, communicate the family’s values, and hire good advisers. +> +> Those who do not succeed in passing money along successfully often have silence to blame. +> +> “The generation that receives the money has no education and no skills and wakes up like a lottery winner,” Mr. LaFond said. “You don’t want your kids to be lottery winners.” +I've been developing some algos and none of them are actually long run profitable... + + +Is it even possible to get to that point? +Or we would never be able to compete against big firms +[Do Stock Prices Move Too Much to be +Justified by Subsequent Changes in Dividends? ](http://www.aeaweb.org/aer/top20/71.3.421-436.pdf) + +**Summary** + +> Standard models of asset market equilibrium imply that the value of a share of +corporate stock equals the present discounted value of that stock’s expected future +payouts. This paper applied an ingenious test of this present value relationship, +which compared the variance of annual stock price movements with the variance +in corporate dividend payouts, to the US equity market for the period 1870–1979. +The results suggested that historical stock price volatility was much greater than +the volatility of dividend payouts would appear to warrant. This empirical finding +stimulated a wide range of follow-on research exploring various aspects of the effcient markets hypothesis, testing for time-varying discount rates in capital markets, +and investigating the econometric properties of stock market returns and corporate +payouts. + +*** + +This concludes our walkthrough of the AEA top 20! + +Going forward, I'm asking the community to nominate papers for the article of the week. [Check out the nominations thread!](http://www.reddit.com/r/Economics/comments/23i67e/article_of_the_week_nominations_thread_for_may/). +(Source: I work for a bank but I don't share identifiable information such as where I work) + +I think the main reason people want to close their CC accounts after paying it off is that they don't want to feel tempted to spend again once it's paid off. + +However, for people worried about this, your bank may actually allow you to close the account while you pay off the balance, essentially turning the account into more like a personal loan instead of a revolving line of credit. + +The bank I work for does this, all customers are required to do is call the bank and ask for the account to closed. All cards are permanently cancelled and access to the account can't be restored. If the customer wants access to a credit card again they would have to apply for a new Credit Card with a fresh credit assessment. + +Once it's closed, the customer continues to receive the monthly statements until the balance reaches zero, after which statements stop and a finalisation letter is sent. + +Doing this can help if you feel particularly worried about the temptation to spend credit again once it becomes available, which is one of the biggest obstacles some people face with credit cards and one of the reasons why they've been so lucrative for banks in the past. + +**One final point:** Banks in Australia consider credit card closures a sign that you may be applying for a Home Loan with another bank. This is because many banks make it a condition that a customer closes their credit card accounts before a mortgage can be approved. + +If you get asked why you're closing your credit card, be very up front that you are doing so because you *want to get out of debt and not take on any more debt.* If you're vague about your answer, you might find yourself getting transferred to "someone who can help you with that" only to talk to a home loan salesperson. + +------- + +Edit: Just in case it wasn't completely clear in the post, you would have to ask your bank if they allow the account to closed with a remaining balance. + +Also important to realise that all the same rules still apply to making payments each month. You have to continue paying your monthly bills on time within the billing period or you will face the same penalties and fees that you would if the account were open. You will also continue to get charged interest as normal. + +Edit2: On the chance that your bank doesn't do this, an alternative option is to request a Credit Limit Reduction as you pay down the debt. This option is a bit more involved and you may find that you can only reduce your credit limit in $1,000 increments, so for example if you have a $15k credit limit with a $9.5k balance, you may only be able to decrease your limit to $10k until you pay off more debt. Bit more of an inconvenient option to have to do this every few months or so, but one to consider if you're really concerned about your spending habits. +And it's fucking dumb. + +For every FOMO punt you win on, you're going to fuck up sideways the rest of the time which will be a fucking lot. + +HOLDL is a mocked strategy by the fucking knobs because a) if you're not a colossal fuckwit it works and b) you won't actually lose much by following. + +If you're running around trying to get dick fucked like a paper hand bitch by every meme stock that starts to dip because you yoloed too much into it, you're net progression is going to be fucked and possibly as they guy who was screaming once said "Fucken fucked cunt!" which I think is not exactly the most eloquently put financial advice in the world, but something worth thinking about. + +I know this is going to sound fucking crazy, but just make solid bets *AND HAVE A YOLO STRATEGY.* + +A good solid yolo strat is to take no more than ~30% of your investment funds and *wait and see how it works*. + +*Always* take out real money from the yolo stonks that worked equivalent to your investment and tell anyone that says this makes you a paper hand bitch to poke themselves in both eyes and fuck off, then remind them that DeepFuckingValue took out nine million out of GME and held the rest, as that was a *very* solid yolo strat. + +DeepFuckingValue is now in a position where he can diamond hand hold strong as long as fucking likes on GME, because he took out enough hard cash to maintain. + +If you yolo the zip DW8 slip whatever, you're going to end up with a net aggregate loss that may well be described as "Fucken fucked cunt" as that screaming guy said. + +Make *smart* plays with your majority, do your DD, and for fuck's sake learn how to hold on to smart plays as there is *fuckery afoot*. + +Paperhand bitches in GME lost a lot, and if they'd just held strong they could have sold at two fiddy and made mad bank. + +EDIT FOR ASIC: This should not be considered financial advice and is only my own personal opinion. I am well known for having stated point blank that I once licked paint just to see what it tasted like, which is actually a true story. +And it's fucking dumb. + +For every FOMO punt you win on, you're going to fuck up sideways the rest of the time which will be a fucking lot. + +HOLDL is a mocked strategy by the fucking knobs because a) if you're not a colossal fuckwit it works and b) you won't actually lose much by following. + +If you're running around trying to get dick fucked like a paper hand bitch by every meme stock that starts to dip because you yoloed too much into it, you're net progression is going to be fucked and possibly as they guy who was screaming once said "Fucken fucked cunt!" which I think is not exactly the most eloquently put financial advice in the world, but something worth thinking about. + +I know this is going to sound fucking crazy, but just make solid bets *AND HAVE A YOLO STRATEGY.* + +A good solid yolo strat is to take no more than ~30% of your investment funds and *wait and see how it works*. + +*Always* take out real money from the yolo stonks that worked equivalent to your investment and tell anyone that says this makes you a paper hand bitch to poke themselves in both eyes and fuck off, then remind them that DeepFuckingValue took out nine million out of GME and held the rest, as that was a *very* solid yolo strat. + +DeepFuckingValue is now in a position where he can diamond hand hold strong as long as fucking likes on GME, because he took out enough hard cash to maintain. + +If you yolo the zip DW8 slip whatever, you're going to end up with a net aggregate loss that may well be described as "Fucken fucked cunt" as that screaming guy said. + +Make *smart* plays with your majority, do your DD, and for fuck's sake learn how to hold on to smart plays as there is *fuckery afoot*. + +Paperhand bitches in GME lost a lot, and if they'd just held strong they could have sold at two fiddy and made mad bank. + +EDIT FOR ASIC: This should not be considered financial advice and is only my own personal opinion. I am well known for having stated point blank that I once licked paint just to see what it tasted like, which is actually a true story. +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 (21F) stupidly got an apartment with my brother (21M) and it’s quickly falling apart. We signed the lease in July and it’s been burning a massive hole in my pocket ever since. The apartment is $1000 a month ($500 each). I make about $1700 a month and my brother (used to) make around the same. + +I have been saving and making sure I have enough money for rent each month, but my brother has not done the same. When rent for September was due, my brother told me he was about $100 short, so I paid it. I told him he would need to pay me back and be smarter with his money. + +Rent for October was due a few days ago. I go to pay the money and ask him to put money in the account to pay. That’s when he tells me he lost his job 2 weeks and has $35 in his account. I had to pay $1000 by myself. I’ve always known my brother is irresponsible but I thought he’d grown. + +I’m honestly thinking of saving up to cancel the lease. It’d be around ($2400) It’s hard because we have two cats and I would have to rehome them. I just can’t see a way out of the this. My brother has offered to pay all of the rent for next month but all faith in him is lost. + +Any advice? I feel like I’m stuck. +Citadel AKA Shitadel, etc. + +Ken Griffin AKA Kenny, KG, Mayo Boy, etc. + +Fidelity AKA FUDelity, etc. + + +If apes do not use the correct spelling this will only muddy the water or diminish the spotlight on these people of groups. This is due to SEO(search engine optimization). + + +You better believe Ken Griffin the illegal short seller of Citadel Securities doesn’t want the spotlight on him or his organization. When apes post, they must remain focused on utilizing correct spelling in order to keep the spotlight and search trends full throttle on Ken Griffin the illegal short seller of Citadel and his illegal trading practices on GameStop and GME. + + +Not naming them only helps shills hide what apes have discovered in their DD. Let’s help r/superstonk get the attention it deserves by being clear and concise in naming market makers and their illegal practices. +Here is the satelitte- https://www.datascoutpro.com/Map/Index?gisId=512577586 +i bought this on a whim and it was relatively cheap. It is tax lien, and parcel was delinquent since 2016- seems like unused land from builder since the last sold shows 750,000 which is unrealistically high for my area. There is also an IRS lien on it. +What are my options? +Own the deed and put up a for sale sign? open to ideas +Price paid $200; Yearly taxes $7. +I am loving the suggestion so far, yes it was impulsive for me to do this so keep the criticism come- Lot of interesting thoughts and views! +Those who are consistently making decent profit ($200 to $500 or so return a month). +1. How much money did you initially start off with? +2. How did you learn to be profitable? +3. Best course, book YouTube videos or anything to learn how to be profitable with forex? +The top market cap companies in the S&P500 are companies like FAAMNG. None of their business has anything to do with what's going on in Ukraine. Of course it's possible, that a war would cause energy prices to rise even higher, which could indirectly cause people to buy less iPhones or stuff on Amazon, but besides those very indirect effects, it appears that the vast majority of American companies are not affected whatsoever with what's going on over there. +Apologies if this topic has been talked about recently. + +What does everyone think about the current state of the housing market in our country? I've been listening to these moronic real estate agents telling everyone to buy, buy, buy without a care in the world it seems. Apparently, people are listening - everyone I know personally is buying a house right now, sometimes one that they can't afford. Furthermore, I've read of some serious predatory lending practices happening. Kinda reminds me of 2008/09. + +I'm well aware that Canada has an extremely better financial system than the United States but I am not well versed in real estate/the housing market and prefer the oil and gas sector (as noted by my username). Is this housing market sustainable or is a crash coming? I am totally puzzled as to why people would buy homes at all-time high prices and pay an astronomical amount above the list price. + +Thanks. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Hi all, + +How are you preparing financially for when Brexit happens? (From a savings, investments, family, self-employed, job future etc point of view?) + +Are you creating a large savings fund as a back-up? If you think your job might be at risk, how are you preparing? + +If you see it as an investment opportunity, what are your plans? etc +Hey guys, I'm 23/F living with my partner 25/M. He was struggling with applying for jobs and I'm not sure what other online jobs + in person ones out there are hiring. He's applied to Amazon, Instacart, Costco, BJs, UPS, Lionbridge, etc. (in store, he doesn't have a license + we only have one car). + +He's good with customer service, data entry, writing, computer servicing, management, that sort of stuff. He doesn't have a college degree (yet). + +We are in the DC area, northern VA to be precise. + +Any help or suggestions would be much appreciated. I can *barely* afford to pay the bills on just what I make, literally any suggestions would be appreciated. +Weeks before Didi Global Inc. DIDI -22.73% went public in the U.S., China’s cybersecurity watchdog suggested the Chinese ride-hailing giant delay its initial public offering and urged it to conduct a thorough self-examination of its network security, according to people with knowledge of the matter. + +But for Didi, waiting would be problematic. In the absence of an outright order to halt the IPO, it went ahead. + +The company, facing investor pressure to list after raising billions of dollars from prominent venture capitalists, wrapped up its pre-offering “roadshow” in a matter of days in June—much shorter than typical investor pitches made by Chinese firms. The listing on the New York Stock Exchange raised about $4.4 billion, making it the biggest stock sale for a Chinese company since Alibaba Group Holding Ltd. BABA -2.27% ’s IPO in 2014. + +Back in Beijing, officials, especially those at the Cyberspace Administration of China, remained wary of the ride-hailing company’s troves of data potentially falling into foreign hands as a result of greater public disclosure associated with a U.S. listing, the people said. + +Long article finished at: https://www.wsj.com/articles/chinese-regulators-suggested-didi-delay-its-u-s-ipo-11625510600 +Basically title. Maybe this post will also get deleted and I’m crying into the wind, but what’s the point of this subreddit if we can’t discuss the WIDE range of topics related to FIRE? Let the upvote/downvote mechanism do its job. If folks don’t think a topic is relevant, it’ll disappear soon enough. + +What’s the use of a front page mostly filled with old daily FI discussion threads? Am I supposed to comb through all of it for a chance I might find a topic that will interest me? I never look at these threads, even if it’s the current one, because they have horrible organization (within itself) and the visibility of the topics is nowhere near the attention a regular post gets, and thus garner a much weaker response from fewer members. + +I’m willing to bet the large majority of redditors that visit do not regularly engage (whether it’s read/lurk or post) in the daily discussions, and there’s a reason for that. + +—————— + +I know the rationale mods gave the last time this was discussed was that they didn’t want the front page to be cluttered. I want to highlight leanfire as a counter example. That sub isn’t cluttered and contains a multitude of interesting topics. Its members are civil and helpful and use the upvote/downvote function judiciously. It has topics that are 5 days old on the front page. It’s not going to be a problem. + +Yes, this sub is 5x the size and there’s a risk of some extraneous content, but just like the legal system in America, where it prefers to let a guilty person go free than imprison an innocent one, I rather let shitty topics through than lose one good one to overzealous moderation. + +I know the mods have no ill-intent, and I normally lurk and keep quiet, but I really think this sub can reach the next level of helpfulness and promote more stimulating discussion (to even the FIRE veterans) with reduced policing. + +Thanks for listening to my Ted talk. + +Edit: at the time of this edit and after ~10 hours, this post has a 91% upvote rate with 1265 net upvotes. 3 kind people also delayed their own financial independence to flag this post and give it awards. I believe this constitutes enough evidence that the large majority of users here prefer more relaxed moderation. I hope any tweaks to the subreddit’s policies will bear this in mind. +I came home yesterday to a warm fridge. I'm so heartbroken because I had plans for all the leftovers to feed us for weeks. Other food spoiled alongside the leftovers. Grocery budget is tight as it is and having to start over from scratch is devastating. + +Edit for info: I was gone for two days and have no idea how long it wasn't running for, I know some people think it's a waste of food but it smelled spoiled and even if that wasn't the case I wouldn't have risked it. I work in food service which has kept me strict about safely storing food. + +My fridge was not crammed full (y'all i'm poor) and from what I could see there was nothing blocking the fan, but thank you to those who mentioned it. + +I am a renter and have contacted my apartment office to the issue, I'll update when I hear back. Thank you all for the helpful comments. +The strategy is very simple. Learn how to identify these 4 things: higher high, higher low, lower high, lower low. This will take you 3-6 months to be good at if you're starting from scratch. A line chart overlay may help in the early weeks. + +The trend is your friend on a higher timeframe: When a stock is making higher highs and higher lows you look for long entries. When it's making lower lows and lower highs look for short entries. Anything else is counter trend. + +Found your stock and it's higher timeframe trend? Good. Now zoom in and find the counter trend. Example: daily chart is up, hourly chart is down. Wait for the next hourly candle to open. Set a stop buy order above the previous hourly candle with stop loss order below the low of that same candle. Risk based on what you're willing to lose. Take half profits at 1:1. You're now in a break even trade. You decide when you close out the trade for profit or get stopped out for break even. You can't lose now. If you're gonna hold overnight perhaps take another half off leaving you with 25% runner. + +Learn to do that religiously. Do this 50 times, log your results. Did you win more than you lose? Now go back to the charts on some of those trades and see if there was a way to enter off the 15 min chart. Once you find that your risk reward in these trades will greatly improve. + +No fancy indicators, no cross over system. Just price action analysis looking for consolidation to end and the over arching trend to resume. + +When you're right you'll notice the moves are fairly quick as other traders pile in. + +Can't do this? Trading may or may not be for you until you can prove to yourself you have self discipline. How do you get self discipline? Do something you hate every day for 30-60 min (run, chinups, a puzzle), every day. Keep that up for a long time, then you have proven discipline and you can go back and try trading. If you end up liking the thing you hate keep doing it and find something else you hate to start doing. + +Good luck, we all gonna make it. +Below are the documents I found. All gibberish to me but if there’s money attached to these it would be amazing! Thanks for your help! + +https://imgur.com/a/f3Xz3A2 +Hi everyone, + +I have noticed that's there so much negativity and fear about the CCP wrt Alibaba on this subreddit which I think is extremely unlikely and very unreasonable. + +I appreciate that some have extremely entrenched positions and would thumbs-down me, but here are the reasons why I think Alibaba is safe stock to buy: + +***(1)*** Why would President Xi - who has overseen the greatest transformation his nation has ever experienced - suddenly cut the international investment pool that made that wealth and transformation possible. He has been elevated to the level of Mao in the party. See this amazing BBC article: [China's ruling Communist Party has voted to enshrine Xi Jinping's name and ideology in its constitution, elevating him to the level of founder Mao Zedong](https://www.bbc.co.uk/news/world-asia-china-41730948). President Xi is the embodiment of China's destiny. China intends to become the major international player of the world. President Xi is the modern China: communism with Chinese characteristics. Why on earth would he cut off international investment and relegate China back to penury. Anyone who reads anything about China can see just how ambitious and determined they are to be elevated. + +***(2)*** The Chinese anti-trust arm of the state has levied a $3B fine. If they levied a fine, then that suggests they looked at the company, thought about it, and made the decision as to how they would deal with Alibaba/Jack Ma. Why would they go back and reopen the file and add extra fluff? If they were going to make any additional pronouncement or proclamation they would have then. The CCP is perfectly aware of the Cayman Islands arrangement - and have not said a word against it. It suggests they don't object to international investment - they object to CEOs who get ahead of themselves. The fine was a trivial slap on the wrist. The state reminded Jack Ma of his place. I wish the US antitrust state was much tougher with American IT/Tech companies. The EU has been fining Google and Facebook much larger sums - and without much pain being felt by shareholders. Companies like Alibaba don't need the 3B cash to operate their enterprise. That's why they were fined that sum. It was to make a point. Case closed, and they moved onto other tech companies in turn. + +***(3)*** Why would President Xi jeopardise the thousands of employees who have jobs at BABA (and other Chinese Tech firms), and all the other industries and people who depend & rely on those tech jobs - when there is no obvious replacement by the central committee for those people. China has a huge population and there would need to be a replacement for IT services for the citizens and they would need to provide jobs and industries. Well, communism and state engineering didn't work and the CCP is perfectly aware that the centralised organisation of the means of production leads to starvation. Unless the state will intercede in all tech industries (as interntional investment would disappear), then China goes back to being hungry. + +***(4)*** Alibaba is crown jewel of China. It's a source of national pride. Jack Ma is a Chinese man who achieved something incredible. Why would the Chinese state destory its own hero story. How many countries have trillion-dollar market cap companies? President Xi will have signed the death sentence for the CCP. +Does anyone else out there feel like they are living paycheck to paycheck even when they aren’t spending much money on entertainment or ”wants”? I feel like all my money goes to rent,food, and gas which leaves maybe $200-$300 left over each month which is quite pathetic to me but is this the reality we live in nowadays? I put 12% into retirement and rarely spend money outside of the items needed to live but it still seems like it’s never enough…. +Well, I'm BACK superstonks, and i want you to know i thank you for all of your kind words the past three days i spent banned. Someone messaged me pretending to be a fellow /biz/ native and reported me for using language that those sorts would use with one another. And over the past few days, I saw something absolutely **Beautiful.** +Teamwork, real honest attempts to filter the damn shills out of the way and only focus on the truth. A mission with a drone, and a brave chimp taking to the streets to show the world how someone really rings a bell in the face of the corporate elite. +Then, **They noticed.** Did you think it was a mistake the very next day of my ban and the mission most chimpossible, people were here suddenly talking about "Illegal actions" and "Not dancing to the tune of the hedgies"? That what you were doing was wrong and spits in the face of the very cause you stand for? + + +[These are those people, LAUGHING in the face of people just like you. To you, your movement, your \\"ape\\" pride? It's a joke to them, you are a joke to them. This was taken during the \\"OCCUPY WALL STREET\\" movement, before these worthless sacks of feces decided to lobby against all the laws that would have protected them from the moon. THEY TOOK THEIR OWN PROTECTIONS AWAY, JUST FOR A CHANCE TO STEAL YOUR MONEY AGAIN.](https://preview.redd.it/i28w924ti9u61.png?width=391&format=png&auto=webp&s=657e4a1710eefcfc344cd44c2d48b380b58dab3c) + +The rich are overwhelmingly parasitic in nature, finding a vein to bite into, they suck the blood from our economy, and even the economies of others to fund their evil schemes. You would think that this is something from a comic book, but that is the sheer levels of cartoon villain stupidity these people possess inside of them. They **WANT** you to be a slave, they **NEED** you to be afraid of them, and not be willing to stoop to their level and mindgame back. +What they are doing is **Targeted Harassment**, and is of course illegal. What you are doing in fighting back is **Self Defense.** Which is not Illegal. I am not saying to go out in the streets and spill hedgie blood, that would be ludicrous and just the thing these horrible, VILE, WICKED, **MISERABLE EXCUSES FOR HUMAN BEINGS WANT FROM YOU.** +They WANT you to collapse. +THEY WANT YOU TO BEND THE KNEE. +TO BE CATTLE IN THE LINE TO BE SLAUGHTERED FOR A NEW LEATHER WALLET. +Do you want to end up like Poor poor **Argentina?** + + +[You think this was not intentional? You think they did not pull strings in the background to facilitate the collapse of a country? As the barking dog says, \\"A GOOD BOY DOES NOT BELIVE IN COINCIDENCES, BARK BARK BARK BARK.\\"](https://preview.redd.it/8g9i6twrj9u61.png?width=1200&format=png&auto=webp&s=c1829955e7dcd195e46ca69951aa9a9886425caa) + +And do you think that they would stop at money? At robbing people of their countries wealth and facilitating their economic downfall? Are you so blind to the situation at hand that you don't see these ANIMALS, these **REPROBATES WITHOUT ANY MERCY IN THEIR HEARTS** are in fact here in this VERY Subreddit? They take the form of fears and doubts, anxiety and worry that you may get in trouble for sending bananas in the mail, or being as hostile with them as the shills are with you... +By what law? There is nothing saying that it's legal for people to just come and force their financial dogma on you. There is nothing **LEGAL** about hiring people to lie to cover for your half-assed attempt at crashing a company, and potentially an entire economy with it. +You are **/strong/**, apes. You have shown me that you have the spine to carry on into the future, and TAKE this broken world from the hands of the wicked, and potentially lead it into a better tomorrow. +Go out there, make your voices heard. There is nothing stopping you, the people, from EXPOSING THESE CORRUPT RATS for who they are. + + +[Look at the enemy and despair, for they have robbed the coffers of the weak for their own financial gain for decades. This is not a new game to them, and they honestly think they can beat you.](https://preview.redd.it/3cplo6x1l9u61.png?width=1673&format=png&auto=webp&s=d79eab3e082140f776e76cff03d07f08df8258cd) + +# Tell me, SUPERSTONKING APES. Are you going to let the rich tell you what to do and how to feel? Are you going to just lay there and let life pass you by while these animals rip and tear and prod at EVERY little mental weakness you have, just to save a few extra cents in the end game?NO. YOU WILL TAKE THEIR MONEY, YOU WILL DRIVE A FINANCIAL KNIFE SO DEEP INTO THEIR HEARTS, NO RICH PERSON WILL EVER AGAIN DEIGN THEMSELVES ABOVE ANOTHER HUMAN BEING. THEIR WALLETS ARE THEIR REAL WEAKNESS, THEY WILL NEVER RESPOND TO ANYTHING EXCEPT /COMPLETE LIQUIDATION/. + +**They view you as a joke, as cattle that with enough prodding and shocking, they can lead you to do anything they want, anytime they want, any place they want. As the fact that today, after the mod refused to delete the ape doomsayer thread, there has not been ANOTHER "Don't play ball"-punk to come into this subreddit. I looked through the list myself, not getting anywhere near the traction it did before.** +And do you know why? They fear you. They KNOW we know now, and they KNOW you will not be stopped at mere bananas and drones, you will not **REST UNTIL THE PEOPLE INVOLVED ARE HELD ACCOUNTABLE.** + + +These MONSTERS want you to riot in the streets over GME stock, and hope to use that to get the money taken from you, that you are somehow not worthy. Can you FEEL the projection from them? How the BLOODTHIRSTY, MONEYHUNGRY LEECHES drool at the thought of spinning us as a violent blood cult? The dancers are right, this is not a "Mosh pit", we are not here to bloody noses. +This? This is a motherfucking **SYMPHONY** of human interaction. People from all walks of life, together for the purpose of dismantling a ROTTEN, MOLDED BUILDING, BRICK, BY **PERFIDIOUS FUCKING BRICK, AND REBUILDING THE HOUSE STRONGER THAN BEFORE, WITH THE INFECTED PARTS CUT OUT, AND ROTTING IN THE TRASHCAN OF PRISON WHERE THEY BELONG.** + + +# Just remember something while i work up a new, actual DD for you instead of this motivational. You only have 1 life to live, will you be that old man in his deathbed, wondering when his life is going to begin? Or will you take that life you have NOW, INTO YOUR OWN HANDS, AND SHOW THE WORLD EXACTLY HOW THE APES INTEND TO FIX IT? + +# + +[PIC RELATED: THE ONLY THING I HAVE TO SAY TO YOU DEGENERATES WHO TOOK PAY TO LIE TO INNOCENT PEOPLE. \\"MIND YOUR OWN FUCKING BUSINESS AND SIT THE FUCK DOWN\\"](https://preview.redd.it/78il2spwm9u61.png?width=1000&format=png&auto=webp&s=ce90ef54add80caf0b06a2a87230392a7a01b8cb) + +I believe in you apes. Together we really can make the world a better place. +**Don't let wicked people tell you how.** +Thank you for your time and consideration, see you for the next post, apes. Gibbon out. +Hey all, + +I'm graduating this December and have recently accepted a job offer for a company making 73k. I know 4 others that have also accepted an offer all for the same amount. + +I just recently found out from someone who already works there that there was a company wide inflation raise of 10% + +Today I heard from two students who were just offered positions for 80k + +What's my best course of action for something like this? + +Edit: + +Found this on their website + +> XXX will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. " + +Edit 2: + +All of us are graduating at the same time, from the same school, with the same degree +I just passed on investing in a really interesting startup. The idea is simple: a chrome extension that replaces occasional words with a foreign language equivalent. This helps you learn a language. You can read reddit and learn Japanese at the same time! It's free, and if you subscribe you get added features. + +Reviewing their deck they do a good job of hiding actual revenues. They emphasize projections and downplay results. The best I can tease out of it is that they maybe had $10k in revenues last year. That's really an approximate guess. Maybe more, but definitely not $100k. + +They are raising money now at a pre-money valuation of **$100 million** for their Series A. + +Now, I don't run a big venture capital fund. And apparently they have some big venture capital funds who are willing to buy in at that valuation. So, maybe my opinion doesn't matter. + +But who would take a job there now? + +You take a job like that hoping to hit your fatfire number ($10-$20 million) if everything goes right in 5 years. Most of the time, not everything goes right and you have to pull the plug and try again. + +In this case, it seems like even if everything goes perfect, the best you could hope for in 5-10 years is an IPO at $1-2 billion. After dilution in a few rounds, a high level employee hired after the Series A is only going to walk away with $1-2 million. It's not worth it. It's like buying a lotto ticket where the prize is only $10k, who cares. + +My point is for founders: high valuations early on might make you look wealthy on paper, but it's not good for the company. +Citadel is experiencing the worst PR week of its existence. + +Its CEO has been trending relentlessly for lying to the House Financial Committee. + +In response they have issued highly caveated tweets to reject the allegations, which combined with the Streisland effect, makes them look even less trustworthy than saying nothing. + +If you were a rival Hedge Fund, would you let poor Kenny lick his wounds? NO. You would absolutely exploit this moment of weakness by trying to poach as many of Citadel’s high net worth clients as possible. You probably have a database of their contact details. You probably have account managers on the phone *right now* setting up dinners, meetings, cocktails, whatever to get them in a room and to convince them to withdraw all funds from Citadel and to invest instead in another HF not face down in the shit. + +What happens when a millionaire/billionaire client starts to get nervous? Starts to express sentiments of pulling out funds? Along with the obvious panic it creates across the client base, it will require immediate senior staff engagement to mitigate. This can’t be handed over to some intern. They will demand to speak to the seniors, heck some will want to talk to Ken himself! I bet a significant amount of senior director level resource is *currently* focussed on trying to calm their clients the fuck down - to no avail. Every hour of their time is expensive. What to us is a meme, to them requires pissing significant resource away to control the fire. Ken Griffin trending for lying not only costs them money but also the precious time needed to focus on their other problems like apes DRSing shares non-stop. + +tl;dr: The memes have real power. Ken Griffin is now fighting a war on multiple fronts, including trying to convince his clients to stay in the face of unrelentingly bad PR. The capital outflow is probably making them vomit right now. And like rats from a sinking ship we should expect more senior level departures. + +No dates, but I’m feeling good, feeling great! +&#x200B; + +&#x200B; + +https://preview.redd.it/ylavse02g7191.png?width=397&format=png&auto=webp&s=b45158fc15561fc462e384e61c651b01648a60d8 + +With the launch of the wallet and my fervor to get all my crypto (not much...like $150 in ETH and LRC total) on it, I realized something. + +After MOASS and after I've paid off all the stupid fucking debt that has kept me chained to this stupid fucking unfair corrupt system...I will sell absolutely everything I currently own (except for my remaining GME, save for the 1 I sold during MOASS), I will be putting absolutely everything I own into the GameStop wallet. If I can't own it in my wallet, I don't want it. + +You name it: + +1. Fiat currency? Nope. Cash in my hand or transfer to my wallet. Fuck banks. Bill pay? I won't have bills, fuck your debt based system. Can't pay my electricity from my GameStop wallet? I guess I'll fucking move to somewhere I can or generate my own, fuck you! +2. Titles for my home and car? Fuck that boomer shit. Get me a smart contract or I'm not buying it. +3. Contracts for anything? Let's get that signed shit in my wallet or go fuck yourself. +4. A trendy piece of clothing? Get that Supreme bullshit out of my face if I can't pop a replica onto my GameStop metaverse avatar. +5. Tickets to a live concert? That shit better be GameStop metaverse accessible. +6. Stocks? HA! You fucking guessed it. I'm not investing in your company unless I can do so directly through my GameStop wallet, fuck the shares you sold to Cede & Co, they can keep that worthless trash, I wouldn't even take it for free. + +Simply put, for whatever it is you are trying to sell me, there better be an accompanying smart contract that will reside in MY FUCKING WALLET. Not *your* shitty database or records department with archaic systems of control. Fuck you. If you are selling some shit that is intended to have some kind of persistent value, there better be an NFT attached to it. + +The world is going to change as we know it. We may have been early...but holy fuck we are not wrong!! +I am very frugal and live cheaply and most of my current hobbies are inexpensive (basically gaming and travelling, but i travel "slowly" for months at a time which isn't too pricey). I earn about 3-4 times the average income in my hometown in a low CoL country in europe from online businesses i own which require little maintainance and i could consider mostly passive. But my plan is to keep scaling them until i can eventually try to sell them to hit my fire goal. Speaking of which: + +I am starting like I want to pursue fat FIRE even though i am frugal and always been more inclined to lean FIRE. I am 30, male, single and largely uninterested in relationships, but i feel like i may want to start a family when i am in my mid 30s. Possibly adopt a kid as a single parent. Maybe a pet before that. But I feel i could ONLY go through with this IF i reach fat fire. And I'd need to buy a house - I've always wanted an independent house where i could grow some crops. Nothing luxurious but big enough (i spent much of my twenties living in tiny studio apartments and I hated it). Then most of the extra money i earn would go towards education (mine included - studying languages) and traveling. + +Anyone else here living or planning to live the "simple" life with a fat stash? Can i even consider myself fatfire if i want to spend all my money on family and housing rather than yachts and golfing? + +Edit: since I'm getting a lot of DMs asking about my online businesses, it's mostly just websites and blogs about random topics. Check r/juststart as all the info you need is there, i won't share anything more +The problem is leverage and currency risk. + + Evergrande has ~30bn in assets and 300bn in liabilities ($80 million of which is due this week, but they have already stated that they cannot pay this interest). Much like 2008, the real estate market in China is highly levered and in an extreme bubble. This is because the Chinese government imposed strict limits on who can invest in certain types of assets (mostly equities) but lifted almost all restrictions on real estate/housing market. Ergo, many of the middle class started investing in “investment properties” and as demand grew, so did the prices. The problem was, Evergrande used the increases in the price of land and began taking out equity on that increase in order to fund more and more real estate deals. They currently account for ~2% of China’s GDP and is the second largest real estate developer (and 30% of chinese gdp comes from real estate)… yeah a pretty big deal. + +Now, how does this shitstorm in China affect the US Markets? + +Theoretically it shouldn’t be but a ripple right? Well, when Evergrande was raising capital, they did so by selling commercial paper and investment grade bonds. The buyers of these bonds and CP were large large banking + investment institutions: Vanguard, Blackrock, HSBC, Goldman, etc. These institutions then took these bonds, rolled them into mortgage backed securities and sold them to anyone who would buy them. Much like 2008… everyone believed that if something happened to Evergrande, that the Chinese government would step in. After all, how would it be conceivable that the CCP would let their second largest real-estate developer fail? + +This is where things started going wrong. Everything was fine until the insiders started getting word of Evergrande’s overinflated balance sheet. But once investors started selling out, Evergrande’s bonds started taking a nosedive. The intl banking institutions didn’t want to be left holding the bag, so my guess is they started deleveraging these toxic assets to any firm willing to buy. How do I know this? Evergrande’s investment grade bonds are now downgraded to junk bonds, and they are trading at 20cents on the dollar. This became such a big issue in fact that these very firms and their executives were in China this weekend to discuss “risk management” + +https://finance.yahoo.com/news/china-wall-street-meeting-focused-092729599.html + +Now, the ripple effects would most likely be as follows: banks + institutions will seek to continue to sell toxic investment and decrease their exposure to the real estate sector. The firms that were dumb enough to buy these toxic assets from firms unloading are now left holding the bag. The once “investment grade” bonds are now junk, and no one will accept them as collateral. So they get margin called. Firms will all rush to find cash, but the smaller firms will inevitably have to liquidate their long positions in order to remain solvent. This will likely happen in growth stocks and tech stocks with high PE ratios that have continued their bullrun since the middle of last year. As these equities start losing their value, other firms with exposure to these US equities will be forces to manage their risk to the downside and sell their positions, thus further driving the price down. This cycle will probably continue until firms have de-leveraged, defaulted, or until the fed decides to buy the toxic assets from these institutions (much like 2008). + +So in short, the effects of Evergrande defaulting will likely have huge implications to the US + international markets. + +Not financial advice. +Extra 100k applied towards mortgage. We purchased homw less than 2 years ago. Intrest rate is below 3%. Should I had put that towards a franchise or stock market? + +Edit: at the same time I did put an additional 100k into the stock market. (Index funds). + +Have another 100k liquid for emergency. + +Spouse has a secure career. Also three vehicles all paid off. + +Only debt is 5k student loan. Intrest is currently suspended & 0.1% chance they may wipe it (hopeful thinking).. + +No cc debt. + +Did not expect such a high number of helpful responses. +Should had provided this information earlier. +Thank you all ! +Don't really have anyone to tell so thought I'd share it with you. + +Basically switched our mindset to stop "keeping up with Jones's". Got rid of out unnecessary cars, so no monthly payments. Kept our phones on low cost sim only deals instead of the newest and shiniest etc. Overpaid like crazy so now my only monthly payment is my mortgage. (I live in the North East so don't think I've managed go do this in Central London😅) + +Thank you guys for all your positive words & advice. Here's to the future! +I’m a new landlord and I haven’t been paid the rent for 2.5 months. When I contact my tenants about it I’m always told “oh next week we’ll pay” then next week comes and I get no reply. + + +I’ve been advised to not say anything to my tenants again and just send 7 day notice as the statewide moratorium has ended. I’m curious as to how others have and are handing a smilier situation? + + +Hi Everyone, + +My post is to help those who are struggling with trading. For many starting out trading is like being given a book and then having all the pages ripped out and then having to assemble them all back together without the page numbers. The main issue I found when I first started is the amount of noise in this field. So much so that your usually bouncing around from strategy to strategy trying to see what works and what doesn't and most of the information you find online is very superficial. Then when you look to forums or paid chats you reduce the noise but again most of the "good information" is between the few good traders who mainly just exchange the information between each other leaving others in there paid chats with tid bits of information just enough to keep them hooked to the forum praying for the next juicy tid bit. + +Trading is hard, very very hard. It's one of those few things in life that you have to accept losing and being defeated over and over again in order to progress to the next level. Unfortunately many can't afford the $ losses to get to that point which is why having a good foundation is essential to good/consistent trading. In order to help others I'll give my format on how I go about finding set-ups that hopefully will keep others afloat long enough to become good at this game. My process is simple and barbaric but keeping complexity out of it as much as possible makes the process more streamlined. The goal of this game is to not make it more complicated than it already is. As you start to scale your account then you can start worrying about complexity and complicated set ups that may take days or weeks to complete. Anyways lets get started. + +Disclaimer first....everyone has a different trading style it's important you find one that fits your personality....someone may be good at trend following, swing trading, investment trading, buying dips no one set-up is perfect...it's what is perfect for you. Some traders trade complicated some do not, there is no right way so find what works for you and your temperament. + +I like to trade patterns on the 3 minute chart for shorting. I collect the daily gappers starting from 50% and up and collect data on them. Small caps with at least 100k volume. Many times you will get gappers where there just isn't enough volume and you get sporadic price action and large spreads(dont trade these unless you find an edge in that). Here is an example of what I collect. + +https://preview.redd.it/44cp7mhisop51.png?width=2071&format=png&auto=webp&s=c960a7d0f47da8d23632d6b3dea85492f96f2056 + +I put the daily gappers in here that were heavily traded that day. I input the information and then look through charts to notice any patterns that consistently appear. Generally I like chart patterns that appear at least 1-2 times a week. You may get 2-3 really good set-ups just combing through the charts. In other words if one set-up happens on average 1-2 days a week, then another one 3-4 days a week, then another 2-5 times a week you now have at least 3-6 high probability trades weekly when the market picks up after September. + +An easy chart pattern that happens frequently is this + +https://preview.redd.it/2kah0etfsop51.png?width=2200&format=png&auto=webp&s=75074c69adce24a5243fd2e286ebd1b61f86405e + +So lets say I find this pattern that happens frequently. I then sift through my data that I collected on gappers and find those patterns. I then take those rows and put them in another sheet and collect data further on those particular patterns. + +&#x200B; + +https://preview.redd.it/oeuzf2wksop51.png?width=967&format=png&auto=webp&s=e0b903264222021d63e6a915c4c6b7f929878017 + +I then make it visual to make it easier to get a birds eye view with graphs + +https://preview.redd.it/fozj4hpmsop51.png?width=1463&format=png&auto=webp&s=b3dc4f06c505f8502002492d05a7a37aea1260f7 + +When you start to collect data and graph it you can see multiple commonalities, where the majority breakdown, where they put in the HOD etc. From this you infer when the best time to enter and exit are. I haven't updates these charts yet but you can see that that most of the HOD times occur at 1000 so it's safest to short at 1000 or a little before and expect a breakdown by 1030...if it does not breakdown or is down trending and stays within the Top 25% range of the high by 11 it's best to close position. + +Hopefully you went through all your charts and found a set-up...but you must also find one which is similar but goes against you. You need a positive chart and a negative chart to give you the risk parameters. So if we have this + +&#x200B; + +[ ](https://preview.redd.it/nj5ygycosop51.png?width=2200&format=png&auto=webp&s=16606dd9dad8dd63170b29365b8520378fe99f73) + +**This chart pattern is a push to the open where the chart grinds up in pre-market close to open and then fails** + +you will also need this + +&#x200B; + +[ ](https://preview.redd.it/vjwn932qsop51.png?width=2200&format=png&auto=webp&s=06ae9263f28e7ec7198fe6766a02f90ec07e056e) + +**This is the negative chart pattern where the chart grinds up in pre-market to open and then fails but recovers mid-day.** + +We have the negative and positive chart. We find the best times to enter, the best times to exit, breakdown times, how many spikes above pre-market that they have before 11 and so on and so on. But you also find what you need to watch out for and how it looks when it does and what times they happen at. What you do here is build parameters for the set-up and once you notice things are different than what happens 90% of the time you get out and wait for normalization...if it happens. + +Its easier as a trader if you break things down into time zones and within those times zones the probabilities of what will happen for those specific set-ups. An example would be this push to open set-up that I have shown. It gaps into premarket at 7am. I know that the best shorts in pre-market are at 7 and before 8. So I take a short position. I exit position at 8 knowing that is the usual time pre-market spikes again due to other brokers opening up etc. I wait until 9ish for reentry since this is when a push to open may fail in pre-market or wait if it continues its trend upward into open. When market opens there's 3 scenarios that can happen....at 930-935 there will be an immediate spike at open with a long wick...I short knowing that "x" percent of the time it dumps "x" percent. Next scenario is it just dumps right at the open and I wait for pop to enter short. Last scenario is it goes above pre-market high and this occurs "x" % times normally. If there 1 spike above pre-market there's "x" chances of there being another one and then "x" chances of another one. If the stock does not drop below 25% of the high on the FIB ext then there's "x" probability that it will squeeze. **So now instead of trying to get good at trading the whole chart it's much easier to trade specific time zones that give you the best edges.** I like to break my time zones from 700-930, 930-1030, 1030-1100, and 1300-1500. Those are the time zones I find the best quality set-ups for me. I look for set-ups and then how the set-ups play out during those time zones and if anything doesn't go the way I've seen "x" percent of the time I simply exit. There's alot more that goes into it but this is just to give some insight into how to find possible edges. + +Its important to track daily gappers and then once you have a big enough database you can start pulling set-ups from it. Too much false information is passed around in the trading community...when you start tracking stuff you will start to notice it more and more. + +Hope it helps some. I know not everyone trades this style but for those who are interested hopefully it gives you some insight on what you can improve +I’ve been reading this sub since 2015 and with the encouragement of my partner, finally decided to post. Throwaway so I can share #s and answer your questions. + +Background: daughter of two immigrants, I was born outside the U.S. but raised here from a young age. My parents are some of the most disciplined and frugal people I’ve ever met - probably due to growing up poor in rural India. We were low income as I was growing up but my parents worked hard and are solidly middle class now. I got what I needed as a child but rarely anything more. + +College: Luckily I loved school and got good grades. Landed a generous scholarship and went to a small liberal arts school. Thinking I wanted to be a lawyer, I got the equivalent of a poli-sci degree. Graduated at 20 years old, and became the first person in my family to get a college degree. + +Post college: Had a crisis while taking the LSATs and applying to law school. Decided being a lawyer wasn’t going to be for me and withdrew my applications. + +So at 20, I had a network of 5k, a “useless degree” and no direction. This was the first time in my life I felt aimless, without school to guide me. But, thanks to my on-campus job in college, I had a few thousand dollars to my name. + +I had the realization that when your parents work manual labor jobs your whole life and haven’t gone to college, you don’t get a road map like other kids. I had no idea how the corporate world worked. But I was willing to work hard and learn, because that’s what I’d learned from my parents. + +Start of my career at 20 years old: +- Left the suburbs where my family lived and moved to a HCOL city nearby. I got a job as a content writer at a startup paying 32k a year. +- I was barely scraping by this time and without the help of my partner, I literally wouldn’t have been able to pay rent. + +Lucky break during this year at the start up: I discovered FIRE and realized how much it aligned with my values, and how much I was already living that lifestyle. My partner and I were already sharing a 500 square foot studio to save money. + +From there, my goal became to grow my income and stay frugal (not that I had a choice with my income at this time lol). My partner was 100% on board and to this day, I consider that my luckiest break of all: I met someone whose financial values align with mine. + +Job changes and networth for the next 5 years: + +- Content writer (32k) &gt; contract role doing content (40k) &gt; got converted from contract to full time in marketing dept at the same company (53k). + +These two years were HARD. My budget was strict and had almost 0 discretionary spend. Still sharing the same studio apartment with my partner. But I worked hard to prove my value at work and saved every penny I could. Networth went from that initial 5k to 50k over two years, thanks to lots of stock market growth. + +- Left the company where I was making 52k &gt; to take a contract marketing type role at Microsoft (74k). This move was entirely to get the big name on my resume. + +Thanks to four years of scraping by, STILL living in a studio apartment and a really strict budget, I broke 100k at the age of 24. + +Finally started to indulge a little in “fun” purchases like coffee shops and date nights. + +Early 2018: +- Started applying to content marketing roles at FANG companies. I had Microsoft on my resume and a better understanding of what non-tech roles existed at big tech companies. +- After 5 months of rejections, I landed a FANG job with a salary of 130k!! +- Had to relocate to another state for the job +and it was now mid-2018, and my net worth was just about 150k. + +Moved into a 1-bedroom apartment for the first time. Expenses went up in my new VHCOL area but my salary increase offset that. + +Been at the same company for 2+ years now and went from 130k to 150k in total comp thanks to two generous raises and working hard to be a “top performer.” + +Hit a net worth of 300k this week. Having a high income, spending less than 40k a year in a VHCOL area, a generous employer match, and the “trump rally” all contributed. + +The last 7 years have felt like a whirlwind. I didn’t even learn English until I was 5 years old and now I’m working at a top tech company. + +The events of the last few months made me feel compelled to share my journey and maybe inspire other people on the FIRE journey who are minorities, don’t come from a secure background or are struggling through the corporate world. I feel INCREDIBLY fortune to be in this position. + +Anyways, thank you for letting me share my story with you all. Ask away if you have questions and I’ll do my best to answer throughout the day. + +Edit: spelling. +As the title says. This is a total nightmare scenario and like most people who would be in this situation too, were completely ignorant as too how we should proceed. + +The story: My wife and I traveled to the Dominican Republic for a vacation at an all inclusive resort. Yesterday afternoon while she was walking by a pool she stepped on a foam raft that someone had left laying out and slipped. This only arose because she cut her foot on a broken tile in the pool and was getting out as it was bleeding everywhere. Her legs went out from underneath of her and she fell straight down onto her pelvis onto the hard tile floor. It took 30 minutes for resort staff to show up with a wheelchair, which was absolutely necessary as my wife was unable to walk without it causing excruciating pain. They took us to the small resort clinic to examine her but they were only outfitted to treat small scrapes and sprains. After the nurse there determined that this was out of her league she called an ambulance to take us to the hospital. Once at the hospital her pain was largely ignored and she was forced to sit/stand/walk 20 or 30 times with the back injury. After X-rays were inconclusive and difficult to read the doctor did a CT scan to reveal that she had 1 shattered vertabrae and a slipped disc. At this point he obviously recommend that she not move from a laid down position. It's honestly a miracle they didn't paralyze her or cause obvious and immediate damage during everything. The hotel agreed to pay for the transport to the hospital and the initial examinations (including the CT) but has pretty much washed their hands of us once she had to be admitted. Oh also, in order for them to pay for the CT they made me sign a release saying that their responsibilities had been fulfilled and we could no longer seek more help from them. + +We don't have travel insurance. We don't have out of country medical coverage from our regular US healthcare providers. I checked with our credit cards and they only offer reimbursement for "catastrophic" charges incurred. Apparently this doesn't qualify. I'm waiting to hear back from our homeowners insurance to see what coverage's they offer outside of the United States. + +So at this moment we're in a foreign country with a huge language barrier, footing a potentially massive hospital bill unless we can get back to the United States and into our own healthcare network. Apparently a medical flight where she's able to be prone can cost anywhere from $10,000 to $50,000 which of course, we don't happen to have just sitting around. I feel totally helpless as a husband right now watching my wife in pain and knowing that our financial future could be destroyed. + +Sorry for the long post but we've been awake for 24 hours with no near end in sight. + +TL;DR: My wife broke her back in the DR and we have no medical insurance in this country. We're just looking for a way home that won't send us into bankruptcy. + +Edit: Just wanted to earnestly thank everybody for their replies. We're far from home but feeling good vibes from you guys. +Citadel has a certain price they are margin called at. Say for intensive purposes that’s $300 as of right now. They have 1:8 leverage at the moment so for every 1% there portfolio goes down, it goes down 8% s&p 500 is taking a beating with most stocks down 4-5%. So citadel has to beat the price down 32-40% to stay within margin requirements which requires more shorts and more rocket fuel. I don’t think they necessarily want to knock down GME with more shorts but they have to. Or they die. They can make their margin call price higher by gaining money. For the wrinkled brained apes I’d suggest looking at what citadels purchased on the put side. Obviously citadel knows when sell offs happen and can hedge because they have a de facto duopoly on the stock market. As both a MM and a SHF + +Citadels optimum play is to play the options hedge. I.e force max pain week after week. They are unable to do that. Which should jack your tits. + +that’s my two cents on why we have seen such a violent drop and may continue to see based off the volitility of the s&p 500 + +Cheers, have a great weekend folks +Hello r/CryptoMoonShots, I got into **SafeGem** two days ago and been asked to make this post just to share my experience with SafeGem. Let me briefly describe the vision: **SafeGem ($GEMS) is a frictionless, high-yield generating, deflationary token. It aims to create an exclusive platform that will authenticate precious stones by providing digital certification and digital passport for precious gems. The platform that will build on decentralised technology will create a viable ecosystem for owners and potential customers.** + +&nbsp; + +Let me start by saying, **I have never seen such professional maturity and organizational skills by any team in this elo, EVER, PERIOD. This is not a hyperbole statement.** I was able to attend the **AMA** and I witnessed some quality stuff that made me dump more fiat into this crypto gem. **$GEMS has been solo carrying my portfolio and my wallet feels heavy holding it even though I am not a whale.** If can you check the tokenomics, you will realize the numbers are fine tuned and optimal for this project's growth. + +&nbsp; + +I talk about figures and facts. If we talk about All Time Highs, **1900 Telegram Members** and **5000 Holders** in **72 Hours** with well established and up-to-date **Reddit, Telegram, Twitter** and **Medium.** Here are additional catchy aspects of **SafeGem:** + +&nbsp; + +- **Sufficient Supply for Project Needs** (started with 100 Quadrillion) + +&nbsp; + +- **6% Token Redistribution:** cuz why not? It's gucci + +&nbsp; + +- **5% Token Burn:** Even Better!!! saw 1 Quadrillion GEMS turn into ashes 🔥 with my own eyes today, within 3 hours. That is roughly 1% of total supply ~ 100 Quadrillion + +&nbsp; + +- **The Ultimate HODL Token:** Again, not an overstatement. The two features above makes this token the ultimate hodl token, You gain 3X as much as other projects simply by holding **$GEMS.** At this moment, 56% tokens have been burned, that is 2.75% burn in 3 days. + +&nbsp; + +- **Community full of Diamond Hands:** The community stands with you 💪, makes you feel like you are among friends 💖 + +&nbsp; + +- **Anti Rug Mechanism:** Other projects can only claim such a thing, **SafeGem** told me about the ways they will implement it, when and how it will be done so I know the full picture. + +&nbsp; + +- **Anti Dump:** They use MaxTX protocol which restricts buying/selling more than a limited amount, So you are entering the Safe Waters guys where swimming is encouraged 🏊 and no whales will ever drown you + +&nbsp; + +- **True Community Token:** Ownership renouncement does not guarantee a project is community driven. People throw around "Community Token" like a label without realizing its importance. **SafeGem** is incredible in this regard as it's the only token worthy to be called Community Token 💖. Every member has a "say" and "influence" on what is to come next for the project. There is an insane number of volunteers 💖 in this group who do their part. + +&nbsp; + +- **Heavily Organized Team:** 99% of the projects are clueless about what should follow next day. **SafeGem** has earned my respect. + +&nbsp; + +- **Criminally Undervalued: 💯** Why do people invest anywhere? So the value of investments can inflate over time. **Well, this is the most undervalued gem on this planet. 1000X is not an overstatement,** when you go to know this project inside out.** Official marketing hasn't begun yet and You can see the MarketCap is stable around $5 Million already. The team has delivered and will keep delivering what they promised. Take this opportunity and use skepticism by people (if there is any) to your own advantage. **Maybe this post got to you by chance or fate, you will make your own choices. So you can DYOR and draw conclusions.** Bro, you find at least 50 feeds of 2000 tokens every day and what utility and real world value do they offer? and Imagine getting into unknown projects where 75% of the people hype you up so you can raise the stakes only to dump 50 bnb on you. With **$GEMS** you are an individual, not a puppet! + +&nbsp; + +- **Clean NICHE! Laudable and Praiseworthy. Above all, this is what fuels this project!** + +&nbsp; + +**SafeGem is gaining popularity and we are so early in this that I can't emphasize that enough.** The Charts are BULLISH AF! 🐂. I was out of my middle-class funds, buying all the dips and averaging my prices down. Seen 4X gains already and Holding. I can go to sleep well without any anxiety or fear. **$GEMS** is the most secure crypto in my humble opinion. + +**Two building blocks of SafeGem, that are Safety and Transparency need to be recognized. Safety was what got my attention and Transparency is what kept me going and dump loads of dollars into $GEMS.** I know my funds are **SAFU** and at the same time **what is their future.** The team doesn't make promises they can't fulfill and lets us know about every move we'll be taking. We take part in discussions both in Chat and Voice every day and make our suggestions and share our concerns. The Devs, Managers, Marketers and Designers are all pros, the best in their sectors! It feels so good to be under their umbrella. + +&nbsp; + +**Thank you for your consideration.** [**Here is the link to detailed post containing all the resources and AMA summary.**](https://www.reddit.com/r/CryptoMoonShots/comments/n1r96j/safegem_nft_authenticator_via_digital/) As always, never let anyone tell you what to do, DYOR and draw your own conclusions :)** + +&nbsp; + +**Community Links:** + +&nbsp; + +✔️ **Litepaper:** 86a59a59-6e6f-40fe-9741-dc69328443ac.filesusr.com/ugd/3c61fb_10289d504f8e4186a85e0b8e7ea92ed4.pdf + +&nbsp; + +🚀 **PancakeSwap [ >>> V1 <<< ]:** v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xdfdec49462f7d3c3b0a48e729f77a0645cdfa7c0 + +&nbsp; + +📈 **Poocoin Chart:** poocoin.app/tokens/0xdfdec49462f7d3c3b0a48e729f77a0645cdfa7c0 + +&nbsp; + +🔗 **BscScan:** bscscan.com/token/0xDfDec49462f7D3C3b0A48E729F77A0645CDFA7c0 + +&nbsp; + +💬 **Telegram:** t.me/safegemtokens + +&nbsp; + +🧡 **Reddit:** r/SafeGemFinance + +&nbsp; + +🐤 **Twitter:** twitter.com/safe_gem + +&nbsp; + +🗞️ **Medium:** safegemfinance.medium.com + +&nbsp; + +⬛ **BlockFolio:** blockfolio.canny.io/coin-requests/p/httpswwwsafegemfinance + +&nbsp; + +🦎 **CoinGecko:** twitter.com/safe_gem/status/1387388598446592005 + +&nbsp; + +Ⓜ️ **CoinMarketCap:** twitter.com/safe_gem/status/1387726629515014145 + +&nbsp; + +🌐 **Website:** safegem.finance/ +Hi, + +I was wondering, if 97% of Day traders lose money.. Are you in the 3% part ? (I'm only talking about Day trading, any money you make with investing for example, doesn't count) + +Not to make anybody ashamed of their performance, I'm just wondering. +Within 24 hours CNBC had not only responded to, but thoroughly dissected the views from Reddit posts concerning ‘Meme Stocks’… +So it is blatantly obvious that the whole crew is paying very close attention to what is going on in the subs. + +Yet: meanwhile 200k individual investors are drying up the supply of a beloved stock to the tune of 70 million + of the float locked away in a safe and…. + +Crickets 🦗 …literally NOT one WORD…. + +C’mon seriously if that doesn’t jack your titties nothing will. + +They can’t stop talking about GME!! There are over 9000 tickers to discuss, but with magnitude of that news and the amount they talk about the stonk and NOT. ONE. WORD! + +I may have been born in the daytime…something, something +Buy, Hold, DRS + + +Not financial advice +This may seem obvious but it wasn't to me. When I first heard about FIRE, I was miserable in my job. Being at the office 80-100 hours per week consistently, alongside miserable people and impossible expectations, with no social life (the kind of job where something on the calendar for six months could require cancelation an hour before- friends and family love that). I was paid well, relatively, but it so wasn't worth it. It was really only my student loans and fear that kept me from quitting every day. FIRE seemed like this escape hatch from a lifetime of misery. + +But I was 20-something and entry level. Now I'm 30-something and not- still in the same industry, and while I don't pretend this is the case for every job, my job couldn't be more different. Never more than 45 hours per week- but normally 30-40 (and at full time salary). I have autonomy and flexibility, I have more vacation days (30!), I can work from home whenever I want, I can focus on the tasks I enjoy, both because I've developed a specialty, and because a lot of the entry level drudgery disappears when you're no longer entry level. I also am paid a lot more (and incredibly more per hour) than I was as an entry level employee. I will hit a million in 2022 unless the markets implode. And that still matters, especially psychologically, because things could absolutely change and safety nets make big jumps possible. But there isn't the same urgency. I enjoy my job. There's a satisfaction in doing something well, and being paid and appreciated for it- satisfaction I couldn't have imagined when I first started working and I was weighing my kid's feverless cough and general malaise against the fact I had no more sick days, and sent him to daycare, both of us miserable and me guilt-ridden. + +Zero regrets about FIRE, but I strongly, strongly believe that if so many entry level jobs weren't so miserable from basically every angle, there'd be a lot fewer people clinging to it as some sort of last hope. Aiming for FIRE and getting FI with no desire to RE (for now) is the best of all possible worlds to me. The beauty is that once you reach that point, it becomes a choice. Your choice. Just don't assume at 25 that you'll be facing the exact same choice at 35. The calculus may have all changed. And that may be beautiful. +***AT FAIR VALUE?*** let's dive right in. + + I am trying to connect the dots after looking at Citadel's financial statement. By definition, Citadel sold $70,230 billion worth of securities to retail at zero cost. They technically sold you something they didn't have. However, they promised to buyback the securities "at fair value". This is the crux of the matter in my opinion, the "at fair value". What does this mean? I am smooth brain as fuck, but I believe that's how they cook they books. That's how they convince SEC that everything normal. That's also how they avoid Margin call. + +Hypothetically, let's assume that the $70B labilities in their FS are only for GME "this isn't the case, because I'm sure they short other stocks". For Citadel to close their position, they need to buy 585,250,000 million GME shares at the current price $120 per share. + +Keep scrolling: + +&#x200B; + +https://preview.redd.it/igyusod5unk81.jpg?width=710&format=pjpg&auto=webp&s=69adc98f52d66e6f182a749bb169d04c9682a9de + + + +Now, the real question is, what is the ***"fair value"*** of GME according to SHORT? + +Clearly, MSM media and short anchors have been telling us that the fair value of GME is between [$10](https://www.cnbc.com/video/2021/02/25/gamestops-stock-worth-ten-dollars-at-the-most-analyst.html) and [$20 a share](https://www.youtube.com/watch?v=yS4yPsmaDDQ). Did Citadel and the **short gang cook their books based on this value?** Highly likely. + +Again, to provide very conservative guesstimate, I would assume that all shorts including Citadel total labilities is $70,230 billion and the fair value of GME is $15 (average). + +70,230,000,000 \\ 15 = 4.8 billion shares shorted. + +Wait a second, perhaps this is a tinfoil theory and I am being crazy, cultist, retarded and conspiracy theorist, but this is actually very close to the total volume of GME in the last 70 weeks, [4.4 billion shares](https://www.reddit.com/r/Superstonk/comments/svv5rq/citadel_traded_714_million_gme_shares_otc_over/?utm_medium=android_app&utm_source=share) + +&#x200B; + +https://preview.redd.it/d7co4wijtnk81.jpg?width=1229&format=pjpg&auto=webp&s=54e49830702c1cc233ba2721f3c7450a969d55c1 + +&#x200B; + +https://preview.redd.it/oq2hewzktnk81.jpg?width=2607&format=pjpg&auto=webp&s=045256a88fc2eccb6ba78af6e8da97495eb16225 + +https://preview.redd.it/eqrusvzktnk81.jpg?width=2436&format=pjpg&auto=webp&s=0e055b519c247945fc04a0ed321d81c502fc36a0 + +https://preview.redd.it/ltliyxzktnk81.jpg?width=2323&format=pjpg&auto=webp&s=58af2c4872107b27be630f633e5780aca7e9864e + +https://preview.redd.it/k52deyzktnk81.jpg?width=960&format=pjpg&auto=webp&s=51ef50d5eba45a4ffa394e5b6bed2bcdfd33861e + +https://preview.redd.it/axwdrzzktnk81.jpg?width=1080&format=pjpg&auto=webp&s=ce1f602331aa5c887600d65f13f35dd930d0186c + + Feel free to destroy my theory, poke a hole in it and provide constructive criticism. + +HODL and DSR +https://www.cnbc.com/2019/05/03/inside-the-goldman-sachs-tech-fund-that-made-25percent-returns-for-7-years.html + +Goldman's Principal Strategic Investments group has made key investments in Kensho and Tradeweb and helped create Wall Street chat platform Symphony. + +"We put blood and sweat into Kensho in a very substantial way," said partner Rana Yared. + +The group has produced annual returns of at least 25% for the past 7 years, according to people with knowledge of the business. +For a subreddit that likes to quote Warren Buffet it sure seems like almost nobody actually thinks like a business man. + +Almost everyone on this sub is either mindlessly investing in the market, concerning themselves with macro headlines or talking about investment strategies. I can't remember last time I've seen a business breakdown on this sub. + +There is legitimately more useful business analysis on Wallstreetbets than on this sub. +**TlKl** JUST LAUNCHED. **Fully automated 10% BNB redistribution token on BSC.** 🤯 + +"I am bringing this project to everyone who wants to listen, this is from the same guy who told you to buy EclipseToken at 1M marketcap - x180 afterwards." + +**Tech is the edge.** Nobody else cracked the auto-claiming. **Every 60 minutes, you get paid in BNB** 🔄 + +Marketing team is also great, big marketing has not rolled out but yet TG is **5k organic members** and waiting investors. **+ 1K in Discord**. + +The bigger the bag, the bigger the redistribution. It incentivize HODLING so we can expect a great price action. + +Devs are throwing in **100 BNB from pocket into LP POOL** \+ LOCK. You can guess the team’s commitment in this project. + +**PREMIUM Audit** is paid for. HASHEX.ORG , not your average shitcoin audit. + +Get in now and DYOR , Also big marketing connections on crypto platforms are secured 😉 . Little heads up you will be hearing Tiki Token a lot more even probably by your grandma, lets go! + +**Audit -** Hashex https://twitter.com/HashExOfficial/status/1405607395183714311?s=20 + +**Whitepaper and tokenomics-** [https://www.notion.so/TIKI-Whitepaper-ae4b1469a64341fbbf07eceb6563bb16](https://www.notion.so/TIKI-Whitepaper-ae4b1469a64341fbbf07eceb6563bb16) + +**Website :** [https://www.tikitoken.finance/](https://www.tikitoken.finance/) + +**Twitter :** [https://twitter.com/realtikitoken](https://twitter.com/realtikitoken) + +**Discord :** [https://discord.gg/pU2qj7Ja8h](https://discord.gg/pU2qj7Ja8h) + +**Telegram :** [https://t.me/tikicommunity](https://t.me/tikicommunity) +Hello. So every month I move around $1,000 into my account and pay my rent using my apartment complex's online portal. I pay directly from the account and my understanding is that this is treated as a digital check. The apartment complex accepts payment immediately and clears my balance, and the bank itself typically takes 3 days to deduct that payment from the account. + +This past month, the bank just didn't take the money out. It's still sitting in the account I used to pay. The apartment complex confirms that I'm paid in full, and I paid a bit early last month so it's been nearly 2 weeks now since I've paid. + +I can't imagine the bank would make this kind of mistake (it's one of the bigger banks in the US), but they've never taken anywhere near this long to collect the money after my payments. + +Guess I'm just wondering if this is something I should be concerned about. I plan on leaving the money in there until the end of the month at minimum just to cover myself in case they deduct it. But if they don't, am I clear to assume that it's still 'my' money or do I have anything to worry about? +The thresholds are based on the S&P 500 previous day's closing price. + +The level 1 breaker is a 7% decline, the Level 2 breaker is a 13% decline, and the Level 3 breaker is a 20% decline. + +The Level 1 and Level 2 breakers, if they trip before 3:25pm, halt trading for 15 minutes. + +The Level 3 breaker halts trading for the rest of the day if it happens at any time during trading hours. + +I do not know what happens with after hours trading, after a Level 3 breaker especially. Anyone know? + +I would think that in the event MOASS starts, those having to cover shorts, maybe those in line to be margin called but not called just yet, might want this system wide halt to happen. Getting more time and stress to shake apes out of their positions is kind of what they're all about. + +Don't panic if this happens. It could easily happen on multiple consecutive days, and if so, the MSM and everyone, really, is going to be freaking the fuck out. + +Just remember, to paraphrase atobitt: with this squeeze situation, unlike normal market conditions, demand is no longer an independent variable. Meaning those who have to cover don't really get a choice in the matter, their demand level is effectively 100 percent and at any cost, and will have to come to those who hold the supply and pay whatever price the holder is willing to accept to part with his or her shares. Whether the market is closed or not doesn't matter. When it opens again tomorrow, you will still be holding, and they will still be buying at whatever cost is offered. They will have no choice but to hit the ask. + **I'm going to keep this transparent and straight the the chase.** + +**THESE MOONSHOTS ARE TOOLS AND NEED TO BE VIEWED AS SUCH** : Everyone is here to make money. By now you've probably heard of Doge, Safemoon, ect. which are all coins without a use case. They thrive on hype / media & their sole purpose is to **MAKE MONEY** until someone gives them a different use. - There's absolutely nothing wrong with this concept and you need to start taking these projects for what they are. + +**BACKGROUND :** I'm not going to make false promises about this project and say it'll cure cancer or reinvent the blockchain. It's sole purpose is to make you money at the end of the day + bring people together, and the driving factor behind it is the community / Dev team. One of the co-creators is slowly doxxing himself to develop transparency and trust within the community. After being on a team with him in previous projects, I will 100% vouch for the fact that **THIS IS NOT A RUG PULL.** You can take my word for it, watch from the sidelines, or do your own research. I recommend the 3rd option. + +**POTENTIAL \[10x-100x\] -** After working with a few projects and seeing what goes on behind the scenes, I'm at a point where I genuinely won't waste my time with rug pulls, random moonshots, and things I have no insight into. The market cap is VERY low which means there's a lot of room to grow, and based on the announcements coming up, the team behind the scenes, and what I know but can't reveal, I'm confident in at least a 10x-20x with this project. The current MCAP is around 1.8M last time I checked, so 20-40m is absolutely reasonable with proper marketing. + +**THE PROJECT :** The project is called **Bingus 2.0** and right now it's based on community and a common interest of making $. - I highly recommend you do your own research, but the absolutely best place to start is in the [**Telegram**](https://t.me/bingustoken2official)**.** +\-------------------------------------- +**ANNOUNCEMENTS :** + +· **THERE'S A NEW WEBSITE DROPPING TODAY** \- The current site has a countdown timer to the release, and once you see how professional the new site looks, you'll understand why I'm saying get in now before this does another 5x. + +· **PARTNERSHIP WITH BOGTOOLS INCOMING -** [Bogtools.io](https://bogtools.io/) speaks for itself and what it has to offer to projects - Oracles, Charts, Limit orders, and so so much more. + +· **RUMORED TIK-TOK, YOUTUBE, AND TWITTER INFLUENCERS ON BOARD -** I can't confirm or deny what's in the woodworks, but Bingus is about to do it's thingus. + +\-------------------------------------- +**INFO** + +· **Contract -** 0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8 + +· **Telegram -** [**https://t.me/bingustoken2official**](https://t.me/bingustoken2official) **-** This is the BEST way to stay informed before annoucements go mainstream + +· **PancakeSwap -** [**https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8**](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +· **Site \[New one dropping today\] -** [**https://bingus.finance/**](https://bingus.finance/) + +· **Twitter -** [**https://twitter.com/BingusToken**](https://twitter.com/BingusToken) +I'm aware of; [**Cryptohopper**](https://www.cryptohopper.com/) and [**Cindicator’s Stoic bot**](https://cindicator.com/stoic) but never tried them before. I'm currently running Cryptoping (Free Version), it seems to be quite handy but I am usually 'Pinged' about 20-30mins after the real pump starts. + +Has anyone had experience using either bot? Or how could I best find quickly trending coins? +My partner and I got married recently and, since neither of us owns any assets, we didn't really think of signing a prenup. We got married in Denmark, where the statutory matrimonial property regime is deferred community of property (i.e. all assets become joint property, whether owned at the time you enter the marriage or acquired afterwards). We now live in Germany, where the default is community of accrued gains (i.e. separation of property, but assets acquired over the course of the marriage are divided equally in case of divorce/death). My spouse is Italian and I am Spanish and each country has yet another property regime. + +Obviously, at some point we will need a lawyer to help us figure these things out, but I would like to have an idea of the following: +1. Which countries’ law applies to us concerning joint/separate property? +2. If we were to receive an inheritance from one of our countries of origin, which law would apply? +Thanks in advance! +I've been a minimum wage retail slave since finishing community college. My parents were broke immigrants and it was always a struggle making ends meet. Before all this I dreamed about saving up a measly five thousand dollars so I started to play options which led me to the gambling sub. + +When the buy button was turned off I KNEW some shit was going down. When it crashed back down to forty I dumped all I had into it. + +Everyone was screaming that it was a pump and dump. That I'd lose everything. That I'd be a bagholder. + +But really, what's a couple hundred bucks when I'm already rockbottom? That's what I thought. I was hoping to make a few thousand dollars so I wouldn't be riding the line of homelessness constantly. + +While MSM screamed that hodlers were losing money....I watched my unrealized gains hit my dream amount.....then higher....then higher...then higher. + +Since then I've set up automatic deposits into computershare twice a month every paycheck. Yeah I'm barely scraping by. I got an inflation raise but it's still pretty much minimum wage. + +But for the first time in my life I don't just have a couple hundred bucks saved up. I have moon tickets that are already showing green. Already showing me more money than I ever dreamed I could make as a community college graduate 2nd generation immigrant. + +This is my chance. I've already succeeded. I like the stonk and the stonk likes me. + +Buy. Hodl. Drs. + +🚀 +All credit to [@etanleibovitz18](https://twitter.com/etanleibovitz18) Twitter for his FOIA and follow-up. + +[https://twitter.com/etanleibovitz18/status/1572323979536510976?s=20&t=-p5NGj21ZJRRjMXl-G-40Q](https://twitter.com/etanleibovitz18/status/1572323979536510976?s=20&t=-p5NGj21ZJRRjMXl-G-40Q) + +&#x200B; + +https://preview.redd.it/4c9wck65t3p91.jpg?width=750&format=pjpg&auto=webp&s=6104ea582cf2a203bf5d1e363b9b7d73fe6eaaf7 + +https://preview.redd.it/28bj8p65t3p91.jpg?width=750&format=pjpg&auto=webp&s=15132f59c8f1e1fec52e29b6bf1804da008ae8d7 + +https://preview.redd.it/g28onp65t3p91.jpg?width=750&format=pjpg&auto=webp&s=6c6c8729c5dcfc5053d490bae89d4c4ce478f14d + +https://preview.redd.it/e7w43k65t3p91.jpg?width=750&format=pjpg&auto=webp&s=6f431b9c6b3465a05022bc52ec57c7fe96cf8937 +***YOU – have enormous power and the potential for significant influence.*** If you participate, you could become a counterweight to Wall Street’s biggest banks and financial firms’ lobbyists. + +***Here’s a quick overview of the rulemaking process:*** the SEC is required to invite the public to submit letters with comments on their rule proposals.  The SEC is then required to consider each comment letter they receive.  The SEC usually receives lots of letters from Wall Street’s army of lobbyists, lawyers, and political allies to dilute, limit, or kill the rules.  Their goals are to maximize their profits—profits that come from the pockets of everyday investors like yourself!  ***The SEC rarely hears from the individual retail investors*** who invest in the stock markets. + +Before GME/Superstonk, the only people commenting on these rule proposals were industry insiders. It's easy to get things in your favor when you're the only one who has a voice. + +A Former Branch Chief of the SEC, [Lisa Braganca](https://youtube.com/clip/UgkxJMq7z2o9s162gYM7-S8GD2sBqREEearI) told us they got zero from retail before, and now they're seeing THOUSANDS of comments! + +[Dennis Kelleher told us:](https://www.reddit.com/r/Superstonk/comments/u8y8cc/ama_with_dennis_kelleher_cofounder_president_and/?utm_source=share&utm_medium=web2x&context=3) “It’s important to recognize that there is enormous power in the community that's been created around investing in the markets and they’ve demonstrated their power in the markets as we’ve seen over the last year. But I do think it’s important to recognize that to be really fundamentally effective in the markets, they also have to be engaged in the policy making process.” + +**They recently re-opened comments for certain rule proposals, due to a GliTcH where some comments didn't get posted after submitting. The majority of affected comments were from August 2022, but somehow it could have occurred as early as June 2021.** + +press release: [Reopening Comments](https://www.sec.gov/rules/proposed/2022/33-11117.pdf) + +[ ](https://preview.redd.it/4rx85fx5uet91.png?width=641&format=png&auto=webp&s=dcc096f2ee2187ce6a14e13f98891ebd17d1304a) + +**Did you leave a comment already? Check to make sure it’s posted.** [LINK TO RULE PROPOSALS](https://www.sec.gov/rules/proposed.shtml) + +Haven’t left one yet? **This is the perfect opportunity to do so. DOUBLE CHECK TO MAKE SURE YOUR COMMENT GETS POSTED AFTER YOU LEAVE IT!** + +[Better Markets](https://bettermarkets.org/get-involved/), [DLauer](https://www.urvin.finance/advocacy-issues/comment-letters) & the [SEC](https://www.sec.gov/regulatory-actions/how-to-submit-comments) outline how to do this. Here's another great guide [from u/Goldielips](https://www.reddit.com/r/Superstonk/comments/t31b1j/guide_for_letting_your_voice_be_heard_where_its/?utm_source=share&utm_medium=web2x&context=3). + +# Submitting a Comment Letter—Some Key Points to Remember + +# Make sure you include the File # for the rule. + +# Read the rule over. + +# Your comment should include if you agree or disagree, and why. Do you agree with part of it and disagree with another part? Tell them why. + +# Share any relevant data, research, or reports you think the agency should consider, and attach relevant documents. + +All comments will be posted publicly. You can make anonymous comments but keep in mind they publish your email address. + +&#x200B; + +**Some of the rule proposals people may be interested in commenting on:** + +# File # S7-32-10 - Prohibition Against Fraud, Manipulation, or Deception in Connection with Security-Based Swaps; Prohibition against Undue Influence over Chief Compliance Officers; Position Reporting of Large Security-Based Swap Positions. [https://www.sec.gov/rules/proposed/2021/34-93784.pdf](https://www.sec.gov/rules/proposed/2021/34-93784.pdf) + +https://preview.redd.it/5nupgktnuet91.png?width=664&format=png&auto=webp&s=9b101f706a41b130c82092f4b3c96f83a184e57a + +https://preview.redd.it/xz32w4oouet91.png?width=665&format=png&auto=webp&s=082f1cdb3fc5aa3ab94554e2928c0f992e9f0a70 + +[Current Comments on this proposal](https://www.sec.gov/comments/s7-32-10/s73210.htm) + +This is about making the swaps positions public! Such transparency could provide relevant parties with advance notice that certain market participants are building large positions and could facilitate risk management and inform pricing of security-based swaps. + +[POST about this proposal made by u/WhatCanIMakeToday](https://www.reddit.com/r/Superstonk/comments/y2jl0k/comment_to_the_sec_supporting_prohibition_against/?utm_source=share&utm_medium=web2x&context=3) + +[u/WhatCanIMakeToday's comment about this rule](https://www.sec.gov/comments/s7-32-10/s73210-310801.htm) + +&#x200B; + +# File # S7-18-21 - Reporting of Securities Loans [https://www.sec.gov/rules/proposed/2021/34-93613.pdf](https://www.sec.gov/rules/proposed/2021/34-93613.pdf) + +https://preview.redd.it/o62sn808vet91.png?width=690&format=png&auto=webp&s=a15d99ca7bf3e52c634b693b04319dc317851777 + +[Current comments for this proposal](https://www.sec.gov/comments/s7-18-21/s71821.htm) + +This is for more transparency when it comes to lending agreements for shares that short sellers borrow. As of right now, there's zero transparency around securities lending. + +[Comment Letter from Better Markets](https://bettermarkets.org/wp-content/uploads/2022/04/Better_Markets_Comment_Letter_Reporting_of_Securities_Loans.pdf) + +[Susan Trimbath's comment letter](https://www.sec.gov/comments/s7-18-21/s71821-9418892-263349.pdf) + +Comment letters from people on the sub: + +[u/kibblepigeon](https://www.reddit.com/r/Superstonk/comments/xytsww/my_letter_in_response_to_secs_file_no_s71821_in/?utm_source=share&utm_medium=web2x&context=3) + +[u/Mirkrin](https://www.reddit.com/r/Superstonk/comments/xzwll0/my_submission_to_the_sec_on_rule_s71821/?utm_source=share&utm_medium=web2x&context=3) + +[u/DBreezy867](https://www.reddit.com/r/Superstonk/comments/xz9v2o/s71821_rule_10c1_comment_letter_written_and_sent/?utm_source=share&utm_medium=web2x&context=3) + +[post](https://www.reddit.com/r/Superstonk/comments/y0tefd/comment_to_the_sec_on_reporting_of_securities/?utm_source=share&utm_medium=web2x&context=3) by u/WhatCanIMakeToday + +# File # S7-08-22 - Short Position and Short Activity Reporting by Institutional Investment Managers [https://www.sec.gov/rules/proposed/2022/34-94313.pdf](https://www.sec.gov/rules/proposed/2022/34-94313.pdf) + +https://preview.redd.it/pigapjpdvet91.png?width=747&format=png&auto=webp&s=ed10d144545c99ef2d9117aaa326789ff4dd081a + +[All current comments for this proposal](https://www.sec.gov/comments/s7-08-22/s70822.htm) + +These would require Market participants to collect and submit certain short sale-related data to the SEC on a monthly basis. The Commission then would make aggregate data about large short positions, including daily short sale activity data, **available to the public** for each individual security. + +https://preview.redd.it/q9k9mut4ift91.png?width=730&format=png&auto=webp&s=a207bc4b02c93a30cf5c2a2c8acfb555a069d9b2 + +Official 13f-2 proposal: [https://www.sec.gov/rules/proposed/2022/34-94313.pdf](https://www.sec.gov/rules/proposed/2022/34-94313.pdf) + +SEC Reg Sho & CAT Fact sheet: [https://www.sec.gov/files/34-94314-fact-sheet.pdf](https://www.sec.gov/files/34-94314-fact-sheet.pdf) + +IF YOU CARE ABOUT SHORT POSITIONS BEING REPORTED BY INSTITUTIONS, CONSIDER COMMENTING ON THE 13f-2 RULE. + +[Comment Letter made by Dave Lauer](https://www.reddit.com/r/Superstonk/comments/y3xp69/comment_letter_for_sec_short_disclosure_proposal/?utm_source=share&utm_medium=web2x&context=3) \- check this out for some ideas about what could be improved. + +One thing missing from this rule is disclosing short derivatives exposure! Dennis Kelleher writes about that in his [comment letter.](https://www.sec.gov/comments/s7-08-22/s70822-20145033-309600.pdf) + +[Post](https://www.reddit.com/r/Superstonk/comments/xzzts4/comment_to_the_sec_on_short_position_and_short/?utm_source=share&utm_medium=web2x&context=3) by [u/WhatCanIMakeToday](https://www.reddit.com/u/WhatCanIMakeToday/) + +[Comment letter by u/Conscious\_Student\_37](https://www.reddit.com/r/Superstonk/comments/xyq09h/my_smoothbrain_comment_on_rule_10c1_reporting_for/?utm_source=share&utm_medium=web2x&context=3) + +[Comment letter by u?WhatCanIMakeToday](https://www.sec.gov/comments/s7-08-22/s70822-311187.htm) + +&#x200B; + +If I missed a good template/comment letter/post(or anything else), link it here and I'll add it to this post! I wanted to get this out ASAP since we have a limited time to check comments & add more. +This is my first full year of employment and I did not know over contribution was a thing (why do they even let me keep putting away money?) what do I do now? + +Edit: found out that I've been taxed on everything over the limit + +Edit 2: All of you have been really great and I appreciate all the support and help everyone has given me, I had no idea the depth of my ignorance, and I cannot state the depth of my gratitude. You are all heroes, thank you all so much for everything. +I just started a couple weeks ago selling CSP’s. So far it has been pretty lucrative but want to get an idea of how sustainable it is. + +Edit: I think cash amount rather than percentage only would be more exciting to hear, if anyone is comfortable with that. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) Last ban length: 262144 days + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +I’ve been seeing a LOT of posts about “not caring about price anymore just in it for market change.” + +And memes about how exposing illegal practices and market manipulation is all they’re thinking about. + +This narrative is bullshit. + +Change all the rules you want and put another bandaid on the system all you want AFTER this shit squeezes to kingdom come. + +I’m in it because I see great potential in the company with the possibility of a squeeze. + +If this exposes and forces the world to take what these criminals do more seriously, great. + +But that’s not why I’m in it. I’m in it to get fucking paid. I’m in it because these funds got caught with their pants down and there balls are now being held in a vice grip. + +I’m in it because I took the risk after doing my own research to see there is real potential with this company and a very real potential in an FTD and short squeeze. + +WARNING: If this narrative keeps being pushed it opens a door for a possible escape route. + +Example: SEC cracks down, Citadel is thrown under the bus, they expose their naked shorting and force Citadel to reimburse every synthetic share at current market value. Most likely driving Citadel to bankruptcy, or close to it, and containing the fall out. + +How can apes be mad? They got their justice! They exposed this massive market fraud and we have fixed the issue and the retail investors were protected! + +Stop upvoting and pushing this narrative. +# Intro + +Yesterday, somebody in the comments of some thread asked for an ELI5 on why US bond rates matter and what their relationship is with markets and economies. What I wrote ended up being more like an ELI12, and also ended up being quite long; in any case, I have decided to modify it a bit and turn it into its own post. + +# What are bonds + +First, an introduction on what bonds actually are. + +Simply put, a bond is the "asset side" of governmental or corporate debt. When a government or corporation borrows money, the borrower now holds a liability, and the lender holds an asset, which is expected to return them their original investment (the money they lent) plus profit (interest) at some later date. A bond is basically a token that says some government or company owes you some amount of principal by some date known as the maturity date (usually 3 months to 30 years, depending on the type of bond), plus interest. Because bonds are a tokenization of debt, they can be easily traded in a liquid, open market, just like stocks. This means that the original lender does not need to be the person who is repaid when the bond matures; the repayment and interest simply goes to whomever holds the bond at the time. + +There are two main types of bonds: corporate bonds, and government bonds. + +Corporate bonds are the main way companies raise money, apart from selling shares. + +Government bonds are how the government raises money to cover budget deficits (ie: when the government spends more than they have the tax revenue to spend, they borrow the remainder by selling bonds to whomever will buy them). If nobody is buying the government bonds, the interest will go up organically due to supply and demand until people are willing to buy them. Government bonds are often known as **treasuries**, and are broken down into three categories: treasury bills (short-term maturity), treasury notes (mid-term maturity), and treasury bonds (long-term maturity). + +One of the main buyers of US government bonds is the Federal Reserve, which is the name of America's central bank. This is the entity that is able to actually print US dollars. Everyone has heard of things like how the US government recently ran huge deficits due to "stimulus spending", and that it printed the money it needed for that spending. Well, this is a slightly inaccurate picture of how it works. The government chooses fiscal policy, which means they build the budget and they set the tax rates. They are the ones who choose to overspend and run a deficit. However, they don't choose monetary policy: they cannot print money. This power was delegated by congress to the Federal Reserve over 100 years ago. + +So, when the government runs a deficit, they sell bonds to borrow the money. If the FED chooses to, it can print a whole bunch of money and then lend that money to the government (ie: the taxpayer) by buying the government bonds with it. That is how newly printed money actually gets into the economy: the FED prints it and then lends it out to companies and to the government by buying corporate and government bonds. When the FED buys a bunch of treasuries (government bonds), it is really lending out freshly-printed cash to the American people (since the government's liabilities are really the taxpayers' liabilities), and the people then owe that money, with interest, back to the FED by the time the treasury matures. + +When the FED decides to buy up the government's bonds in order to lend to the taxpayers the money that congress is spending, they are also putting downward pressure on the bond interest rate. This is because, if the FED decided *not* to lend a bunch of money to the government to cover its deficits, the bond interest would organically rise through supply & demand until other buyers (individuals, companies, foreign investors, whatever) are willing to buy those bonds. + +So, when the FED wants to keep bond interest low, they achieve this indirectly by creating what is basically artificial demand for US bonds by buying a ton of them with money that they printed at no cost to themselves. Due to how supply & demand works with debt, the more demand there is for bonds, the lower the interest those bonds offer. + +So, the Federal Reserve executes its main task of managing the US bond rate by choosing how much government debt it buys. If they want bond rates to go up, they will print less cash and buy fewer bonds. If they want it to go down, they will print more cash and buy more bonds. + +The FED is essentially a whale with the power to print money, who uses said printed money to manipulate the US bond market, ostensibly for the good of everybody. + +# The risk-free rate + +The interest rate on American government bonds is considered one of the most important variables in the American (and even worldwide) economy. This is because the American gov is considered the de-facto safest borrower of all borrowers in the world. In other words, if I buy an American government bond, I am lending my money to the entity that is considered to have the smallest risk of defaulting in the world (maybe this is arguable, but regardless this is a premise that is at the core of the world economy; what's important is that people believe it). + +There is a concept in economics called the "risk-free rate". This is the interest you can get for lending your money to a 0-risk borrower, and should logically be the lowest interest rate you see anywhere in that economy. Of course, there is always technically some risk when you lend money, so the risk-free rate is technically imaginary. However, in practice, just about everybody considers the US bond rate (specifically, treasury bills, the US bond with the shortest maturity) to be the risk-free rate, as the risk is considered to be so low as to be negligible. + +So, if buying American gov bonds is the safest way to lend money, it means that every single other form of loan must pay higher interest. Why? Because every other borrower is considered higher risk, and for me as a lender, I will not accept less interest for greater risk. So, if American bond interest goes up, all other loan interest (corporate bonds, bank loans, mortgages, credit cards, whatever) will organically go up, because everything must pay greater interest than American bonds to compensate for greater risk. This is simply a matter of supply & demand mechanics. + +So, American bond interest is kind of like the baseline or the "sea level" for all interest rates in the entire economy. This even stretches to other countries, because anyone can buy a bond from the US gov, and they are considered the safest borrower in the world, so nobody will ever lend money to anybody else unless they are compensated with greater interest than US bond interest. + +# The cost of capital + +So, if US bond rates go up, and therefore all interest in the economy goes up, that means money itself has gotten more expensive. Loan interest is literally just the cost of money (known as the cost of capital). The lesser the interest, the cheaper it is for me to acquire money right now. When you realize that the entire world runs mainly on debt, it becomes clear how significant this phenomenon is. + +So, when US bond rates go up, the price of capital itself goes up. That means it becomes more costly for businesses to raise money, more costly to mortgage a house, more costly to open a line of credit to buy investments, more costly to spend with credit cards, more costly to use leverage in securities markets, etc. + +This means that growth goes down, spending goes down, wages go down, etc. It also means the prices of goods go down (or at least climb slower), because people aren't willing to pay as much, since capital itself is more expensive to acquire. + +What happens when prices go down? Well, that's a reduction in inflation. So, when inflation is getting too high, the FED (central bank) will make bond interest go up to apply recessive forces on the economy to curb said inflation. + +If inflation is low, the FED might reduce bond interest in order to make the cost of capital lower to juice the economy, prop up securities markets, and incentivize growth. Too much growth though, and we end up with inflation again, meaning the FED might increase rates again. This causes a sort of wave-like dance between bond rates and the heat of the economy. + +So, the FED influences bond rates ostensibly to keep the economy balanced: not too hot and inflationary (can be very bad) and not too cold and deflationary (also can be very bad). + +It is also worth noting that the FED wields a couple other levers it can use to increase or decrease the cost of capital (ie: the general interest rates in the economy) that are separate from bond rates. They can change the reserve requirements of banks (what percentage of total assets a bank must hold in reserve). If banks need to hold more in reserve, then they have less liquid money to lend out, so the supply of capital goes down, so market interest (cost of capital) rises. Also, the FED can change the discount rate, which is the amount of interest they charge banks for short-term loans (24 hours or less) from the FED itself. When these rates go up, banks are disincentivized from borrowing from the FED, so the banks end up with less liquid capital, which means they need to be more conservative about the loans they themselves give out, which makes the supply of capital go down and thus the cost of capital go up. + +# What does this mean for markets? + +When bond rates go up, most investment markets go down. Why? Well, the higher bond rates go, the more I can make by investing in bonds, without the risk going up. So, as bond rates go up, it becomes more and more attractive to move my wealth out of riskier markets like stocks and into what is considered the safest investment market in the world: US bonds. Since rates going up means I get greater returns on my bond investments, but the risk doesn't change, US gov bonds become more and more sensible to an investor as the rates increase. + +Of course, bonds rates going up a smidgen doesn't actually suddenly make bonds a strategically more sound investment than riskier things like stocks. In fact, US bond rates have been so comically low for so long that it hasn't made much sense to buy bonds in years (decades, really). However, when people hear that the FED is going to increase bond rates, they think "bond rates going up means people will sell stocks to buy bonds, so I better sell now to front-run that", which is the main thing that *actually* causes stocks to fall when bond rates increase. + +How crypto will fare with increasing bond rates is unknown, because rates have been declining ever since BTC was born, until very recently. Personally, I imagine crypto will follow stocks down if rates go up too much, but nobody knows for sure. + +# Some historical context + +US bond rates hit an ATH in 1981 around 15% (edit: some sources seem to say 20%; unsure which is correct). Unsurprisingly, the stock market hit a low at the same time (like I said before, the orthodox narrative is that there is an inverse relationship between bond rates and most securities markets). Think about how ridiculous 15% bond rates are. That would mean you could buy what is definitionally the safest investment available and get 15% returns each year. By contrast, the safest stock ETFs (still way riskier than US bonds) average like 7% a year. + +So, in the 80s, you could double your money every 5 years while accepting what is usually considered 0 risk. Ever wonder why boomers seemed to get wealthy so easily? This is one of the reasons. + +Since the ATH in 1981, the treasury bond rate has fallen continuously until Covid hit, at which point it pivoted at a low of about 0.5%. Since then, it has been going back up, but is still extremely low, at around 1.5%. + +Since bond rates going down means stocks go up (at least, this is a very popular narrative, though some disagree), the stock market has been in a tremendous and arguably unnatural bull run for about 40 years, only pausing twice very briefly for "corrections" circa 1999 and 2008. + +Since US bond rates have gotten so close to 0%, they can't really lower them any further without going negative (which is actually a thing, and some countries are trying negative interest now. This is an extremely weird rabbit hole that nobody really knows the true consequences of yet. Imagine getting paid to borrow money. Several countries have been experimenting with this over the last 7 years, and a few I believe for even longer). The chair of the FED (Jerome Powell) said a few months back that they have no intention of going to negative interest rates, so that means these past 40 years of propping up markets by reducing bond rates has probably come to an end. + +You could think of the continuous lowering of rates for the last 40 years as the FED spending its ammunition to prop up markets and propel economic growth, but now that rates are barely above 0% and the FED isn't willing to go negative, they are out of ammo. Not only are they out of ammo when it comes to lowering the rates, but one might also argue they are also currently incentivized to *increase* rates to combat rising inflation. + +This is why there is fear. The FED has been sticking its hands in for 40 years to prop up markets, and now it seems they are going to stop, at least for now. + +I hope this ~~ELI5~~ ~~ELI12~~ ELI-an-Intro-to-Econ student about why US gov bond rates are such an important concept for understanding global economics has been enlightening! +Two days ago I published an article covering all of the issues weve been having related to missing splividends. + +I then dug up a long list of journalists who had written articles over the last few weeks regarding the original announcement of the splividend and tweeted the following to them two days ago: + +&#x200B; + +https://preview.redd.it/4dve5enf8sf91.png?width=1214&format=png&auto=webp&s=d597d42402049fdc576b0b7a88cc3fe447f8a45e + +&#x200B; + +Well one of the journalists finally replied to my tweet. Motley Fool's Rich Duprey said he reached out to several brokers and they all have given him the same response which is that they have not received the splividend!!! This is epic yet disturbing at the same time because it means the DTC did not successfully execute the distribution of the splividend to all shareholders. + +&#x200B; + +https://preview.redd.it/ee66ydg49sf91.png?width=1238&format=png&auto=webp&s=ddbcd638de484205fb977ce869927a4a0ad62da7 + +&#x200B; + +I'll make sure to keep Superstonk updated with any new info related to all of this - but I just have to say its pretty epic that we have journalists from major publications to start looking into this. While some of them have not been the most GME-friendly in the past, I think its important to be pressing towards them yet polite in order to get them to cover these issues. + +&#x200B; + +...stay tuned. +I invested in a couple of mutual funds through Groww app. But while setting up autopay, I noticed that the beneficiary is Groww themselves and not the AMC managing the fund. But this is in direct conflict with Groww’s statement that they act only as an intermediary and do not handle the money themselves. + +Also the mutual funds I bought are all direct MFs, so the autopay registration should be with the fund house directly. + +Is setting up autopay with Groww safe thing to do ? +I've applied for two mortgages based on really low advertised rates. When I talked to the lenders, they said based on my credit, income, assets, etc., I am a top tier borrower. However, when I applied for both loans, the rate they offered me was significantly higher than their advertised rates. + +I asked the lenders how I can get the advertised rates, but they get really wishy washy about it and don't explain how I can qualify for those rates. + +Could someone explain how mortgage rates work, and if there's any way to actually qualify for the low rates lenders advertise? + +Edit: + +Thanks for the advice, everyone. I think I have a clearer picture now of how the process works. +Hello PF, I just got a new job that drastically increased my salary. However, the firm and its employees take efforts to present an upscale image. I have a paid off, older Ford Fusion with a ton of miles on it. It's not in the best shape and I've sunk decent amount into maintenance and repairs over the last year. Anyway, a part of my job is to ferry clients around occasionally. It's been strongly expressed to me that I should consider getting a new car that presents such an upscale image. + +Like the title says, I have received a significant salary increase. However, I am building my EF and paying off my high interest debt. I don't disagree that it is time to get a new and presentable car. I've never been a car person and I don't really care what I drive but I understand where they are coming from. Does PF have advice on getting such a vehicle? Should I consider a lease? +My friends - as a beginner who has recently started making (a little bit more serious) efforts into learning how to invest and trading, let me share some findings with you. + +&#x200B; + +1. DO NOT LISTEN TO PEOPLE LIKE STEVEN DUX. Every person in the financial industry has an objective one way or another. Why do you think they keep playing up the fact that they're rich but ask you to participate in their courses or "learn their secrets" for a couple thousands of your hard-earned cash? Because they want to take advantage of your inexperience and sell you something that seems grand but is usually something that you can Google or learn easily on your own. There are no "industry trade secrets" in investing; if there were, a lot more people like these ones offering you such "secrets" would be billionaires and wouldn't bother trying to "teach" you something that you don't know. + +&#x200B; + +2. Take information from a variety of resources. Don't take anyone's offer in selecting "stocks" for you that will make you rich overnight. These are tremendous red flags because investments are a deeply personal choice. You invest in companies that you believe in and that YOU think will do well. If all he/she does is offer you a plan that is obscure in where you're putting your money or promises instant wealth with "unicorn" companies, they will run with your money. Do your research, learn basic financial concepts from places like Investopedia, and find companies that you truly think will stand the test of time and will grow. Think about it: would you want to throw all your funds at "tried and tested" companies like Exxon because some investment guru said it's the best choice (but you personally disagree with or think is going to fail in the future), or invest in a company like Patagonia (ethically respectable, well-known, and trusted) or Google (world-renowned and used, not the best ethically but you know that no one's going to give up their search engine in a long, long time) that you trust for the medium-long term? + +&#x200B; + +TL;DR: Make your own decisions and learn things for yourself one step at a time instead of placing your trust and funds into the hands of another. It'll pay off in the long run, I guarantee it. +Hi, I’m 29F and I currently have $50k in cash savings and $60k in investment mainly ETF. So far my ETF return alright. + +I want to put $30k more into my investment this month. So, I’ll have $90k investment and $20k emergency funds (1year expenses). + +But, I might need that money (and a bit more) in 2023 to buy a house with my bf and maybe throw a super simple wedding. + +Should I keep the $30k in my savings account just in case there’s market downturns or should I just invest the $30k? +As a non-American, it was insightful to hear in the other post from Americans that want to live elsewhere. I'm Canadian, and for me it's too cold here. + +I've been looking into European countries as well, but culturally it seems very different. I haven't lived there myself but heard the culture is more closed off, so it isn't one of my considerations as someone who wants to settle down and have roots. + +I'm more drawn to Southern California at the moment. It seems very fatFIRE ideal, particularly places like Irvine, Newport Beach, La Jolla, etc. Can anyone with some experience living there comment and share what they liked and disliked while living there? Or another city that might be a good fit? + +EDIT: + +My main reasons for looking into SoCal, from an outsider's perspective: the weather is awesome, people are open, tons of outlets for hobbies, outdoor activities, and it's easy to become part of a community. I like a laid-back and easygoing lifestyle, with access to good food, shopping, and amenities. Proximity to a major city would be a big plus, but I prefer not to be in the heart of the city as it gets too busy and stressful +The new rules [which were announced several months ago](https://www.reddit.com/r/AskEconomics/comments/9cj512/announcing_a_new_policy_direction_for/) are now in place. All top-level comments will be auto-removed, pending approval from white-listed users with comment approval/removal abilities. + +**Notes** + +* For those asking questions, please be patient as comments are approved. It may take longer to get a response, but the responses you do get should be higher quality standard now than they were before. +* If you are answering a question and are not a white-listed user, please be sure to write high quality answers if you would like them approved. As a rough set of guidelines, this means providing detailed and correct explanations, showing your economic reasoning and/or economic models, citing research where appropriate and answering the question as fully as possible. Short, incomplete and misleading answers are much less likely to be approved. +* Top level comments asking for clarification from the OP, asking additional related questions, and other such requests are fine and will be approved. +* If you are a white-listed user, please approve comments that meet these subjective guidelines. Please also approve any comments asking further questions or clarifying. Keep those answers that do not meet this standard as removed. +* **If you are answering questions and would like to be white-listed**, please leave a top-level comment here with 4-5 posts highlighting your knowledge of economics. You may also message the mods with these posts. We do not care about formal credentials, only your history of comments showing good economic reasoning. With that said, the standard for a white listed user is roughly having the knowledge from an undergraduate degree in economics. Comments do not have to be from /r/AskEconomics to highlight your knowledge. +Hello, I’m a poli sci major that just recently realized how much econ actually matters in developing good policy, and once again feel like an out-of-my-depth freshman. + +When folks argue the existential danger of national debt, what exactly is the fear? What events could hypothetically occur, and what would the hypothetical domino effect be? Whether they’re justified or not, I feel like the arguments are super vague, which leads me to believe either I’m just clueless or they don’t really know + +Started reading intro mankiw but my curiosity surpasses my patience to read, and googling isn’t really getting me a straight answer. + +I appreciate ya knowledge +I'm semi-FI living off a portfolio of about 4m while I work on a new startup not drawing a salary. + +I've (32M) recently gotten into a relationship with someone (29F) in quite a different situation from me. She's a teacher and as we've gone out she's offered to pay / go dutch a few times which I appreciated but mostly rejected, particularly for pricier dates I may have chosen. + +I don't think she knew much of my situation before we started dating, I think her impression was I managed cafe, but I guess as time went on and after meeting some of my friends she noticed that they were all a bit well to do and she felt a little out of place. + +We had the personal finance talk pretty early and as a result of probably my prying, she revealed that she was really starting from scratch with a negative net worth and some high interest credit card debt. + +I do want to enjoy nice sometimes pricy things and am more than willing to pay, but she definitely tries to pay for her share which makes things weird as I do not want her financial situation to worsen. + +A couple of questions from this are: + +1. We've known each other for a few months and only started dating for 2. I appreciate her offers to go dutch, but I really think she shouldn't pay for anything given her circumstance, her priority should be to get out of debt. Her pride I think still has her insisting to pay sometimes. How do I navigate this? +2. I'm quite tempted to just pay off her credit card debt at least, it's all at 20%+ interest rates. I don't know how to offer this tactfully without bruising pride. She was looking for debt consolidation loans at hopefully lower interest rates but doubting whether she would qualify. I was thinking a way I could help without looking patronising is to just pay it off and lend it interest free or maybe some nominal interest so it doesn't seem like charity (We've only really been dating 2 months) but being fully prepared to just write off that "loan". I think the total it amounts to is about 10k. + +Anyway, curious to hear thoughts and advice on how would navigate the situation. + +\--- + +**Edit: Thanks for the responses. A large consensus is that it's too soon which is what I kind of figured hence putting that info in the original post. I definitely wouldn't be giving gifts of that amount at this stage, but the fact that it was high-interest credit card debt kind of triggered the "sooner the better" kind of thinking in my head. It's really been hammered into me that rolling a balance on a credit card was bad and it should be aggressively paid down.** + +**It has been pointed out that at 10k, it can accrue for a bit and still be relatively manageable for me as the relationship progresses over a year or two which has eased my concern to pay down CC debt fast.** + +**One thing I hadn't considered was feeling of obligation and power dynamics that might arise from such an act. It's definitely an element that I don't want to risk introducing to the relationship and is probably the most compelling reason for me to hold off bringing up the option of handling that debt. The amount was no big deal, the numbers made sense, it seemed like it would alleviate a lot of stress, so I was relatively sold until considering the other dynamics. Anyway, I appreciate that this was highlighted in the comments.** + +&#x200B; +I am a fairly new investor, I began in 2017. It has obviously been a stellar few years, did covid even happen? + +I have a close relationship with an old professor of mine (he has a doctorate in finance and has amassed serious wealth) who teaches investments at the college level, we often chat. He was a derivatives trader for 20 years back in the 80s and 90s. + +He swears and insists that when rates begin to rise the market is going to absolutely eat shit, and most if not all valuations will drop. He says that the market has been hooked on the feds liquidity since ‘08 and the withdrawals will be severe. He has been slowly divesting the past few months. + +I see where he is coming from, and he is obviously much wiser than me. In class he would always preach about if a stock falls 50% you need 100% gain to make your money back, therefore avoiding downside is much better than missing a little upside, which I also agree with. + +What I am not so sure of is that rising rates will spell doom for the markets. The most I could see is maybe slowed growth? But if rates steadily climb to around 4% on the 10 year that would actually be GOOD For the economy. + +Thoughts on this? Inb4 “long term time horizon I never sell” + +Edit: following up due to traction. This guys worst year was 2000 where he made -2%, which still massively outperformed the market. I understand the never sell mentality, but look at the facts: rates are at rock bottom, QE is off the charts. There is literally only ONE direction the fed can go. I predict rates will begin to rise (slowly) at some point next year. If you had a chance to miss massive downside, would you take it? Can you use logic to make prudent investment decisions or are you locked into never mitigating risk? I am actually beginning to consider slowly exiting. The risks are starting to compound significantly. + +Another aside: was the dip in 2H 2018 due to rising rates? +Title gives the tl;dr, but essentially I'm in a position whereby in the next 12 months, I'll have a NW of $6M+ (excluding primary residence). + + +I'm currently only 25, I'll skip the detailed story (unless you guys actually want to hear it), but essentially although growing up with very little, I launched several successful businesses between the age of 17-25 and have built up a solid chunk of change through this. My latest business is flourishing even more than the predecessors, and I currently am on track to do $2M+ net this year. Me and my partner live a reasonably luxurious lifestyle, but nothing too extravagant (maybe $180k/yr spend). + + +Here's the kicker though, the business takes everything out of me. I work 12-14 hour days, 7 days per week, maybe with 1 weeks vacation per year if I'm lucky. I keep telling myself that this is okay because of the income it brings along with being at an age whereby my body is able to "do it", nonetheless, the burnout is real and I can feel it. At the same time, it seems stupid to not just keep working for another 2-3 years and then have $10M+ NW? + + +My business is sadly not something that I can really simply offload to staff members and although they certainly help - without me putting in serious daily work, the business will cease to thrive and start to decline. It's also not really sellable unless I was to go with it, likely with a 2-3 year earnout clause or similar. + + +My main questions are really: + + +1. To anybody who fatfired in your mid 20's (or younger), did you get bored? I'm pretty sure I can fill my time and be happy for the next several years, but it's hard to even imagine doing that for 3X longer than I've even been on this planet already. Where does your fulfilment come from? a 75 year "retirement" seems like a crazy idea. +2. Do you wish you waited until a higher age? +3. Most people here seem to be under the impression of vanguard funds and chill as the overall strategy. Would you still recommend this for somebody of my age, or should I go more aggressive (in theory I have the time to "weather the storms")? +Is there a consensus among economists about to what extent should welfare exist ? + +Like what would be the effect of giving everyone healthcare , higher education with living allowances , food , water , basic housing , basic income , government set minimum wage , guarenteed mandatory holidays and Unionization have on the job market ? And in what ways could employers be competitive enough to make people join them ? Would it be through bonuses And all that stuff As someone else here pointed out ? Or would offering all this inevitably reduce job market participation ? + +My thesis has already been covered by others, but here it is anyway: + + +This is not financial advice… I don’t know your circumstances, but this is what I’m doing. + +If you are familiar with Munger’s play on Tenneco in 2001, this is the same play. + +Auto suppliers have very sticky revenues, and right now demand remains high for new cars. + +Chip shortages and supply chain issues have crushed new car volumes, causing CPS to take on a ton of debt(less than Tenneco in 2001 though), compounding their already poor performance from 2019. Revenues are on the decline, they are bleeding cash, and the market has priced them incredibly harshly. New car production is expected to stay low for the rest of the year and slightly in to next year. + +Thus creating a potential opportunity. + +This has a reasonable probability to be a generational opportunity in my view. There are meaningful differences between this play, and Munger’s Tenneco play. CPS’ debt troubles are not as severe as Tenneco’s were. CPS’ bond prices are not suggesting as high of a bankruptcy risk as the bond prices for Tenneco suggested back in 2001. + +CPS is the #1 provider for sealing systems in the world and OEMs desperately need CPS to stay in business. + +This will allow CPS to raise prices on them, as indicated in the last earnings call. As chip shortages ease, supply will catch up with demand and CPS will return to profitability. + +This is a company that had positive operating cash flows up until 2019. + +In a normal functioning market for them, they were generating >$100m in FCF per year on roughly $3bn in revenues. Market cap is currently around $80million…. $80… million. That’s like 8 bungalows in Vancouver. + +If/when they survive the current disaster, they will return to even higher FCF based on all the useless assets they’ve sold off and operational efficiencies they’ve adjusted for to survive. + +Revenues are still above $2bn/yr, and will likely be over $2.5bn this year. They were cash flow positive in March 2022. + +Q2 is looking bad, but losses could still improve compared to Q1 2022 and Q4 2021. P/B is 0.33. Price to tangible book is ~1. P/S is 0.03. Theres no question this is cheap af, the question is if you would even buy this company for $0. At this point, there isn’t a meaningful difference between the current price and $0 in my view. If I wouldn’t buy at the current price, I likely wouldn’t buy the company if it were free either. + +Near term catalyst this year: If they are able to successfully refinance some of their debt through the recent Goldman Sachs hire, that alone will take bankruptcy off the table. Getting approval on refinancing their debt will likely triple the stock almost immediately. The market reacted to the Goldman Sachs hire thinking it was for restructuring, which is not the case. Just look at the market’s reaction to when Revlon got approval for their recent loan. 4x almost instantly. + +Management are highly incentivized to be shareholder friendly since a large portion of their comp is tied to ROIC and is SBC. Not only that, they’ve been buying their own stock as of late. Despite having reduced incomes due to the companie’s poor performance, they are still buying their own stock. Bullish. + +They recently sold a property in Germany for $50m, which was more than they expected to get for it, so hopefully their remaining high quality assets are more valuable than what they report them at. Don’t count on that, but it would be nice. + + +CPS went bankrupt in 2008 because the auto manufacturers weren’t selling new cars. Demand was low and since the auto manufacturers themselves were going bankrupt, they had no incentive to keep CPS alive. Situation is completely different right now. + +In my view, there is a reasonable chance this will be a 5-20 bagger, so the high downside risk is worth the gamble. + +Long term catalyst: New car volumes expected to increase roughly 10% by 2025-2026. Markets will get ahead of it though. Once it becomes obvious that new car volumes will be going back up, markets will have already priced that in. + + + +Risk#1 CPS could go broke. New car production volumes stay low for more than 3 years, chip shortages do not get better, they fail to refinance debt, and go bankrupt. If things keep getting worse, or do not improve, by my estimations, bankruptcy could happen by mid-to-late 2024. + +Risk#2: They are a takeover candidate. Investors could get fucked if an activist investor or larger company comes in and buys the whole company for $10/share. + +Even though the stock is down 98% from the ath, it could go down another 98% + +The market cap is so small right now that the big smart money is not able to take a position, even if they want to. If a turnaround starts to take shape, the market cap will begin to rise, and those funds will begin to pile in. Since we are working with far less capital than them, we are fortunate enough to be able to own opportunities like this one. + +Great company, ridiculously cheap price. + + +- Great Hill Capital has taken a >2% stake in the company at ~$5 prices and they are deep deep value guys. +- Towle owned it. Sold it some time in early 2022, but don’t be surprised if the next 13F shows a new position in CPS. It’s possible it had to be made so small they didn’t have to report it too. +- DFV owned it the last time he showed his spread sheets(whatever that’s worth). +- healthy amount of insider buying. + +Current price at time of writing: $4.99/share +18 month price target $15. +48 month price target $75. + +This is not a liquidation play, as that scenario would likely lose me money. + +This is not an exact science but, bets like this one don’t come around all that often. + +Additional DD: + +https://www.reddit.com/r/FWFBThinkTank/comments/u8vz8t/cooper_standard_holdings_deep_deep_deep_value/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +https://youtube.com/watch?v=bjZVnLWIM8E&t=28m36s + + +Obvious disclosure: + +I hold CPS +Just feel that a lot of redditors are young and was wondering if this sub is similar. + +I’m in my mid 20s and have been investing for ~4 years now. If you guys are older, what advice would you share for the younger kids that consider themselves value investors. +I've used Capital One as my primary 'brick and mortar' bank for many years now. Never had an issue with them until recently. A few months ago I logged in to find that in addition to my own bank accounts, I mysteriously had access to 3 new bank accounts with a total of over $100,000.00. This was very concerning because I wasn't sure if in turn, someone else had access to my accounts. I immediately drove to my Capital One location. They said they would escalate to their security division. The problem was never resolved. A month ago I called their security division for another update. They said that they didn't have record of this issue (ugh), but they would resolve it within 2 weeks. It has now been over 2 weeks and the issue has not been resolved. **I literally have access to other people's money and they don't seem to be taking this issue seriously?!** I need some guidance on this. I'm scared of identity theft and this smells rotten... + +Update 1: I've been on the phone with Capital One for the last hour, being transferred from department to department. I do think they are starting to take this seriously though. I really appreciate everyone's guidance. Thank you! I am also in the process of transferring money out of MY accounts into my secondary bank as a precaution. Capital One has assured me that the other people do NOT have access to my accounts, but I want to play it safe. Many of y'all have joked about messing with the other accounts, but I won't do that because I don't like playing with fire. I'll post another update if I get anywhere with Capital One today. Otherwise, I will post a complaint with the several regulatory bodies you guys have suggested. + +Update 2: I was finally escalated to someone in their 'management staff' whatever that means. They said this type of issue typically takes 20 business days to resolve from the time the case was officially opened. He said I should expect the issue to be resolved in the next few days and that I would hear back from them directly once it is closed. I did document the Case Number as well as the names and departments of the two primary people I spoke with. I will go ahead and file a complain with the OCC and/or CFPB. + +Update 3: I filed a complaint with the OCC. + +Update 4: I filed a complaint with the CFPB. I need to step away from my computer for a while, so no more updates until I hear something from someone. Thank you all for your guidance! + +Update 5: A lot of you have asked whether I can see the other people’s PII. The answer is yes. I can open up each of those accounts, see their names, their address, their spending history, and even look at pictures of their cashed checks with their signatures on them. + +Update 6: **\*\*Final Update\*\*** Looks like this got sufficient attention and Capital One's 'Escalated Solutions Team' called me this evening confirming everything has been resolved. I have checked my account online and everything looks good. Apparently the primary account holder for these mystery accounts named me as the Power of Attorney. Supposedly I share the same name as the person they actually intended on naming as the Power of Attorney. This is crazy considering I have a very rare name. Apparently I've had access to these accounts for much longer than I realized, but they assured me that no one ever had access to my accounts. Per the person I spoke with, their legal team also notified the primary account holders. Boy, I would have loved to be a fly on that wall. I have also taken fastidious notes about this whole process and requested a formal letter from Capital One explaining all of this and the final resolution. I'm just glad this is hopefully all behind me. You can't imagine the amount of time I spent on the phone with Capital One today. + +&#x200B; +# [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/ugnqsg/drscomputershare_megathread_052022/?utm_source=share&utm_medium=web2x&context=3) - For questions about Direct Registering your shares. If your karma's too low to comment it will get removed by auto-mod, but it'll be manually approved after. + +If you've completed the process or have done research, help us answer some questions! + +The top 3 Apes answering questions every month will receive 700 Reddit coins and a month of Reddit Premium - thanks for helping the community💜 + +# [Voting/2022 Annual Shareholder Meeting Megathread](https://www.reddit.com/r/Superstonk/comments/uddedr/voting2022_annual_gme_shareholder_meeting/?utm_source=share&utm_medium=web2x&context=3) - For all things voting/annual meeting related. +I went to urgent care (in network) for a UTI, they apparently sent my sample to a lab that is out of network without my knowledge. Now I have a bill of $2000 for a stupid urine test. +Is there anything I can do? + +I tried calling my insurance and they gave me the runaround of “your plan does not cover out of network providers so you have to pay the full amount”. + +Would this be eligible for the “no surprise act”, it’s not an emergency so I’m thinking no. +Is there a tax system that is win-win for rich and poor people? Are there some taxes that have fewer side effects? Higher compliance rate, lower compliance cost? + +Here is my idea of the ideal tax system, what are yours? + +0.5% stamp duty on all stock trades, real estate transactions + +0% corporate taxes + +40% income tax on all income, with $10k tax free for every person in your household + +Dividends taxed as regular income + +Capital gains taxed as regular income, with cost basis adjusted for inflation for long term gains. The IRS would publish a table of multipliers. This would kill carried interest as a good side effect. + +Property tax at the county, state and federal level. Easy to collect, hard to avoid, resistant to the worst case cryptocurrency outcomes. + +Tax on sin - cigarettes, alcohol, sugar, gambling, drugs +[https://www.wsj.com/articles/drone-strikes-spark-fires-at-saudi-oil-facilities-11568443375](https://www.wsj.com/articles/drone-strikes-spark-fires-at-saudi-oil-facilities-11568443375) +Made in 2003, you could buy digital land, sell resources, clothing for avatars, etc. It made a few millionaires from selling avatar customizations. It even opened up a world to crazy virtual sex stuff and gambling... + +But that place had it's limits and it's easy to lose interest unless you're super invested. Which is a similar issue for VR and mixed reality. When you strap anything to a person's face, it seems to lose appeal and novelty. + + +So with that and taking some serious reflection. I am pulling all my share out of Meta and leaving my exposure to Meta via indexes only. I personally don't have the confidence that this will be more than a passing fad. VR and mixed reality may have enterprise use, but that feels more like MSFT is doing a better job of that. +Are premium bonds still just a bit of fun, given how low bank account interest rates are? + +My 'savings' account currently pays 0.35%, whereas according to [NS&I](https://www.nsandi.com/premium-bonds), its premium bonds have an '*annual prize fund interest rate of 1.40%*' + +I do have a stocks & shares ISA, but am also looking for something low risk to invest in. Is it fair to even call premium bonds an investment, or are they still just a bit of fun for those that have maxed out their ISAs etc (I certainly haven't!) + +Thanks & all the best. +[Graph](https://i.imgur.com/NRCJO17.png) + +This is the my fourth year following up on the [2020](https://www.reddit.com/r/financialindependence/comments/konufa/from_10k_to_955k_in_75_years_with_graph/), [2019](https://www.reddit.com/r/financialindependence/comments/e6mdm0/from_10k_to_650k_in_65_years_with_graph/) and [2018](https://www.reddit.com/r/financialindependence/comments/bjghrb/from_10k_to_500k_in_6_years_with_graph/) financial review posts. + +Well, it was another full year with the pandemic rampaging across the globe, but there were some changes. My wife had our second daughter (who is now 3 months old) and our 2.5 year old toddler is now a raging tornado of destruction. That's the last of the planned kids! Spending has increased just a bit, but that's mostly due to extra mortgage payments and hospital bills. This graph starts 6 months after graduating college when I had already accumulated 30k and ends on...well today(ish). + +**This graph is for two people, not just me as of July 2015** + +Since the last updated I've: + +* Had a second daughter +* Gotten a promotion +* Ventured outside again + +Some answers to common questions are below: + +* This spreadsheet was built in google sheets using the stacked area chart type +* Wife and I are both 30 years old, live in Houston, TX and have a 2.5 year old and a 3 month old. We got married in July of 2015. (This graph shows combined finances) +* Total expenses for the first kid were 2k for "stuff" (furniture, car seats, crib, etc.) and 6k total for all birth, epidural, check-ups etc. Daycare is 2.2k a month (for 2 kids total). While this is now a large number, it still doesn't affect our net worth increase much each month and has basically no effect on our overall savings rate at this stage of our FIRE journey. We are not saving separately for the kids college expenses (yet) but will instead just skim some of our investments off if need be. With the addition of a second kid, the initial expenses were zero for "stuff" and 6k for the hospital bill. +* I managed to get 30k by myself after only 6 months out of college by working and saving from my 20hr/week job during college for 4 years and living extremely cheaply during my first year afterwards. +* Real estate is not included on this graph, for reference we currently have around 225k in equity in our home and owe 114k (total value of house is \~340k) . We have a 15 year mortgage at some absurdly low interest rate. We do pay off a little extra month because it makes me feel good. We'll pay it off in around 3 years or so. If you include real estate (equity) we've got about 1.5M! +* We keep a 30k emergency fund in my savings account for....emergencies. +* The dip in the middle of 2015 is when we bought our first house (224k 10% down payment) and then the month after I got married +* The dip in the end of 2018 is when the stock markets dipped a bit and we bought our next new construction house (340K 20% down payment + Equity from our first house) +* Wife and I are both engineers (Electrical and Mechanical respectively) in the oil and gas industry +* Paid off student loans somewhere in 2016, I don't remember when exactly as they were not astronomically high, my wife had loans, I did not. In terms of "family help" my parents gave me 2k to use as a down payment on a car (which I still have) and sent me on my way. My wife had an old car already out of college which we no longer have. +* Our taxable investments are 100% invested in VTSAX with vanguard. +* I record data points for my graph at the end of each month and look at every account I have money in. +* We have no credit card debt and pay it off at the end of every month. +* Wife bought a new car last year but at least it was a good deal and is less than $500/mo I think. +* Salary for me went about as follows with mostly 2 years between major increases (64K starting -> 74K promotion ->97k switch companies-> 115k switch companies -> \[only 1 year\] -> 125k promotion) +* Salary for my wife was (78k starting -> 84k promotion -> 93k promotion), she should be due for another promotion shortly +* Basic investment strategy (max 401k's-> max IRA's -> invest 80% of the rest in vanguard -> pay a bit extra on the mortgage +* Expenses are right around 95k-100k per year. That includes property taxes, mortgage, income taxes, extra mortgage payments, daycare, and everything else outside of investments. +* My end goal is 3MM by 40 years old where I plan to FIRE in style! We are currently well ahead of schedule and will probably have closer to 5MM if the market continue to perform exceptionally well. Right now that'd be the equivalent of \~123k per year using the 4% rule (3MM). By the time we retire our bare minimum expenses should be around \~60 to 70k with health insurance not adjusted for inflation as everything will be paid off. That'll give us a nice cushion for vacations and fun stuff. +I worked really hard to get my savings to $20k and now my car is kind of dying. There goes half of what I saved if I want to get anything half decent. I feel like this cycle is doomed to repeat itself too. How do you deal with this money trap? +A few months ago I posted on here asking for advice regarding the non-payment of my super for the entire time I was an employee even though they were including it on payslips. I had so many genuine responses so thank you so much to everyone that took the time to comment on my post. + +I went on annual leave for 3 weeks and when I returned, I was asked to meet with the HR Manager and Director to discuss a "Breach of my Contract regarding confidentiality" that had come to their attention, I obviously didn't know what they were talking about but knew what was going on. I mentioned in my original post that anyone who sticks up for themselves or looks like they might, will be bullied into quitting or made redundant.Well, I didn't get either of those options! I was terminated effective immediately for "Gross Negligence" with no payment in lieu of notice. There was at least 10 things that made my dismissal unfair so I was confident submitting a claim. A week later, I received a phone call from a lawyer engaged by the company to resolve my claim. I didn't answer but sent an email requesting all communication was to be in writing. They made a couple of attempts to scare me through email, noting that it would be in my best interest to not proceed with Fairwork, that my claim won't be successful because it's untrue, irrelevant and unsustainable and they may be open to pursuing their own civil case against me but on a "purely commercial basis" they were open to offering me a payout of what I asked for in my application, they had excluding my request for my outstanding super. When I questioned my outstanding super as part of the settlement, I was told it was a separate issue and that it will be paid through the ATO as they are currently adhering to a payment plan (as all outstanding super was supposed to be paid at the beginning of September). I called the ATO to see if they had had been adhering to the payment plan and they confirmed they hadn't and it was their last chance. I rejected this offer knowing I wasn't going to receive my super that easily. I provided a counter offer for double what I was originally asking taking into account my super. + +Anyway I recently received confirmation that they have agreed to settle with my counter offer which means I will nearly have enough to cover my super myself! I also saw during this period that ASIC had released a notice to wind up the company from the State Revenue Office so while I wanted to wrap it up as soon as possible before there was no money left which most of you said might happen. + +**tl;dr** Company didn't pay super to any employees for over 2 years, I stopped letting them tread all over me and they terminated me effectively immediately for no reason with no pay in lieu of notice. I took it to Fairwork & they engaged lawyers to try and resolve it. I stood my ground and ended up with double what I was asking for in my FWC application which is enough to cover my lost super! Happy Days! +Also the company is now being wound up so I came out on top in the end :-) + +PLEASE CHECK YOUR SUPERANNUATION FUND ALWAYS. Don't be careless like I was! +Finally, the yield curve has inverted. It’s something we were all expecting to happen ever since the Fed announced its rate hikes last month. The two-year yield settled in at 2.430% compared to the 2.374% yield of the 10-year U.S Treasury note last Thursday. This is the first time the two-year yield closed above the 10-year yield since 2019. Adding to this, the spread between [5-year and 30-year bonds inverted](https://www.bloomberg.com/news/articles/2022-03-28/treasury-slide-sees-5-30-spread-invert-for-first-time-since-2006) for the first time since 2006! An inverted yield curve is a very prominent indicator for predicting an upcoming recession. + +But, before we jump into the implications of the yield curve inversion, it’s important to understand what a yield curve is, how it predicts a recession, and what the previous data tells us. + +https://preview.redd.it/bu3pugvy0is81.png?width=500&format=png&auto=webp&s=e985edd7afffc4cb812239073c08bef5b2bde863 + +**What is the Yield Curve?** + +The yield curve is just a graph showing the relationship between the short-term and long-term interest rates of the U.S Treasury bond. The bond here is the promise between you and the U.S govt that says if you loan some money now (by buying the bond), they will give it back to you later with an added interest. + +https://preview.redd.it/jzej4we01is81.png?width=1272&format=png&auto=webp&s=20ea73ab9a79b2b59ce278860bfdecae9bf26440 + +The above chart shows how a normal yield curve would look. The simple logic here is that it’s riskier for you to buy a longer-term bond *(the future is uncertain because of all the unknowns, good and bad, that could happen over years of time)* and you are rewarded proportionally for taking the larger risk. For eg., you would get a significantly lower interest rate if you are investing for 1-year vs 20-year as it’s generally riskier to stash away your money for a longer time period. + +https://preview.redd.it/xxjaz9411is81.png?width=897&format=png&auto=webp&s=a69337c54556c499533e7da431ed0ed36b75beb8 + +But the yield curve is not always positive. If the long-term and the short-term rates get closer together, the yield curve become flat. Finally, if the short-term rates are higher than the long-term rates, the yield curve becomes inverted. + +The yield curve becomes inverted when a lot of people are worried about the short-term economy. In theory, you would demand a higher return for taking on a higher risk. So if the yield rate for a short-term bond is higher than a longer-term bond, it implies that investors are so worried about the short-term economic outlook (*i.e they think the present is much riskier than the future*) that they are willing to invest in a longer-term bond at a lower rate. + +**Where does the yield curve stand now?** + +https://i.redd.it/6buvv2k41is81.gif + +This excellent visualization by [Eeagli](https://www.eeagli.com/) shows how the yield curve has changed over the past 6 months. The yield curve hasn’t completely inverted yet, but still, it’s a cause for concern. + +https://preview.redd.it/0t4lmyp51is81.png?width=905&format=png&auto=webp&s=22f9521b277b4bf5c4f678f84d7f937fee7dbd8d + +The drastic difference that occurred in just the last year in the yield rates is visible in the above chart! Ideally, the yield rates are supposed to be in increasing order like it was in Apr 2021. Now the 2-year yield rate is more than the 10-year one and almost equal to the 30-year yield rate. + +**Does Yield Curve Inversion Predict a Recession?** + +The yield curve is considered one of the best signals that are currently available for predicting a recession. As per the research done by FRBSF, + +>*Every U.S. recession in the past 60 years was preceded by a negative term spread, that is, an inverted yield curve. Furthermore, a negative term spread was always followed by an economic slowdown and, except for one time, by a recession. -* [*FRBSF*](https://www.frbsf.org/economic-research/publications/economic-letter/2018/march/economic-forecasts-with-yield-curve/) + +https://preview.redd.it/s7oyvu971is81.png?width=578&format=png&auto=webp&s=9479357a888a4ef32f0af4b7586252a4afd8e07f + +While the above results are for the spread between 1 and 10-year rates (which is still positive now), research done on 2-year and 10-year spreads shows a similar trend. According to [Commonwealth Financial Network](https://www.kiplinger.com/investing/stocks/604484/inverted-yield-curve-stocks), the 10-and-2 yield curve has inverted 28 times since 1900, and in 22 of those instances, a recession has followed. + +While there is certainly statistical merit for yield curve in predicting a recession, where experts are conflicted is in the type of spread that should be used. There are various different spreads we can consider (3-month vs 10-year, 1-year vs 10-year, 2-year vs 10-year, etc.). All of these provide different probabilities and timelines for an upcoming recession. For example, if you consider the 3-month vs 10-year spread (positive as of now), it has predicted every recession with [100% accuracy](https://www.youtube.com/watch?v=DCQwiF0J7hw&ab_channel=CNBC) in the last 50 years. + +https://preview.redd.it/6gphtpg81is81.png?width=1272&format=png&auto=webp&s=d1e9c6bf2f2fa0e9783a3edae66694b0fd900299 + +**What’s the best thing to do now?** + +Given that, an inverted yield curve is a reliable indicator of a looming economic downturn, what should we do to best prepare our portfolios incase a recession hits. The worst thing you can do now is to panic - especially when the yield curve inverts. + +The problem is that even though yield curve inversion indicates a recession, it does so long before the actual recession hits. For eg, the tech bubble burst in Mar’01 but the yield curve had inverted almost 3 years before that (34 months to be exact). The same thing occurred again during the 2008 financial crisis when the yield curve inverted as early as 2005. + +According to research conducted by[ LPL Financial,](https://www.kiplinger.com/investing/stocks/604484/inverted-yield-curve-stocks) Yield curve inversion can be bullish for stocks, and the last four times the 2-and-10 yield curve inverted, the S&P 500 was up an average of 28.8% before it peaked! + +https://preview.redd.it/099pv1m91is81.png?width=836&format=png&auto=webp&s=ab2a46fed2da581a022e2183c1d8df97e040e156 + +Adding to this, I had done an [**extensive analysis**](https://marketsentiment.substack.com/p/recession-primer?utm_source=substack&utm_campaign=post_embed&utm_medium=web) on how the stock market performs during and following a recession. + +https://preview.redd.it/g8n1n0ba1is81.png?width=889&format=png&auto=webp&s=239cdedaf68ca0b1d800ed8a2daf127495e06a25 + +On average, the U.S recessions lasted only 10 months and the market returned a +1.7% in return. What is even more interesting is the market performance just following the recession. + +https://preview.redd.it/e4brta3b1is81.png?width=899&format=png&auto=webp&s=260627c7eb7e31e4d74fc215e905e4937b9d7c24 + +After the end of the recession, in just one year, you would have made money in 85% of the cases. And after 3 years, you would have been **in the green in 100% of the cases!** + +**Conclusion** + +Predicting future economic developments is a tricky business! There are 100’s of factors that are different than the last time, but an inverted yield curve is one of the most reliable predictors we have for accurately predicting a recession. + +But as we could see from the analysis, it takes a while for the economy to finally go into recession after the curve has been inverted and you will miss out on the gains till then if you stay out of the market. If you are feeling truly adventurous, you can always try keeping a certain portion of your portfolio out and try to buy the [inevitable dip.](https://marketsentiment.substack.com/p/is-waiting-for-a-dip-the-best-investment?s=w) + +For the rest of us, even if the recession hits, the best strategy is to stay invested and weather the storm. +Welcome to the third installment of my weekly wrap up for my fellow lithium huffing hype beasts. This week was a bit rough for many stock holders, and while we managed to pull out pretty well, there are some dark clouds ahead. + +Firstly, the market. One of the biggest reasons we saw a slapping of the proverbial ASX was the US bond yields rising, Im not savvy enough to explain the nature of the relationship between stocks and bonds, but let's just say they're inversely proportional and leave it at that. + +Additionally there are growing fears that we're getting ever closer to the big correction to the last 6 months of somewhat consistent growth. Whichever side you stand, bear or bull, sentiment matters almost as much as math, it's a self fulfilling prophecy, if enough people are concerned about a crash and pull out, guess what? Down we go. This isn't a bad thing, infact depending on who you ask a correction / crash at this point would be healthy for the market. + +LKE was not exempt from this movement, as the general bearish sentiment flowed into most stocks on the asx (80% of the ASX 200 down) the last three days of trade saw us floating around the 38c mark, bucking the overall market trend to only fall about 2c from our previous high. Our current daily volume is dramatically down from the same time last month, averaging about 7 million per day down from 30ish. This makes the current sentiment around lake very reflective of a hold, which makes sense given the pivot to being more of a value play from a speculative one. + +The bell direct interview: https://youtu.be/sfZtJX7aiRo +Some new stuff in this little interview, mainly some name dropping of brands that LKE look to be targeting with their product and also the mention of the construction debt and potentially who may be lined up to finance it, if indeed LKE has already secured a potential financer for their construction debt that would be huge for the future of the project. + +Lastly there's that fabled NVX battery report, for anyone spazzing out that it's not here yet, it's due Q1 this year, so it could be any time next month. Papa Prominitz wanted it this month, but NVXs decision to perform a captial raise looked to take priority over that news as revealed in a email correspondence from a member here (who subsequently doxxed himself, nice) Its important to remember that this report is only the first part of a YEAR long process which forms the DFS, temper your expectations if you think this is going to send us into another galaxy, it is fantastic news but it's far from the concrete stuff we need to truly grow the share price, if anything we may see a sell off as investors look to capitalize on the high interest generated by it. + +All in all another solid week for the lithium lads, staying strong around the high 30s through one of the reddest weeks in a while is a great achievement. Get ready for a bit of hurt as the market is still fragile, keep those 💎✋ loaded, and ill see you next week. As always, DYOR and best of luck. +Ya'll read it correctly (if you can read) I will be taking $1,500 of MY personal money and will flip it into $1,000,000.00! + +Why Friday? Because I get paid on Friday? + +Will I be successful? I think so. I also think I have a higher chance than those who gamble in options while using margin. +How old were you when you made your first million and how? It's encouraging to see/hear other's success stories and also very informative and motivating! +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +[https://www.bea.gov/sites/default/files/2022-04/gdp1q22\_adv.pdf](https://www.bea.gov/sites/default/files/2022-04/gdp1q22_adv.pdf) + +&#x200B; + + **DP annualized, quarter-over-quarter:** \-1.4% vs. 1.0% expected + +&#x200B; + +The decrease in real GDP reflected decreases in private inventory investment, exports, federal government spending, and state and local government spending, while imports, which are a subtraction in the calculation of GDP, increased. Personal consumption expenditures (PCE), nonresidential fixed investment, and residential fixed investment increased (though not as much as expected). +*Note: I just want to clarify that I am definitely not encouraging anything illegal, I was just in the moment and wanted to survive. I definitely have no plans or intentions on continuing something like this in the future for any other thing.* + +*I want to thank the lovely redditor on writing an appeal on my behalf to have my post revived (and was given the green light to repost).* + +I'm a 15F high school student. + +Every year, my school asks for forms to verify that you live in the area (so you can go to the school), and along with others forms for medical physical, etc. + +That time of year was about a month ago; I had to submit the forms. I still had the expired lease from last year, but hoping that our recent month's electricity bill can sub for the expired date to confirm that we indeed still lived there, I submitted it. About a couple days later, I got an email that the forms were rejected due to expired lease, all hope was lost. The rent that is currently paid is $1000, who knows how much they can skyrocket it up too. + +I called my dad and told him the bad news and that means that he'd have to go to the office and get a new lease. I was terrified, money was tight already. We currently have a family friend renting one of the rooms (It's a 2 bedroom place, my mother, older sister, and me all share one room; my dad takes the floor) in the apartment to preserve money on rent, and with the friend plans to move back home to her country...who knows, fear of the unknown. + +The thought of what can happen is already traumatizing, poverty is traumatizing, I can barely imagine being in the thought (of what could happen) without getting depressed and having loads of anxiety. My parents are both immigrants and they're dependent on me to help them with credit cards, banks, medical forms, and so on, so I have an idea of how much my father makes. + +To relieve the stress, I just tried to continue on with whatever I needed to do in terms of just living life. About a week later, I came up with the idea of photoshopping the lease dates to avoid going to the office and having them raise the rent. I definitely knew that is was illegal, but I want to have a home, so, that's exactly what I did; I grabbed a free trial in Adobe, used my somewhat experienced skills and managed to make a convincible photoshopped up-to-date lease, and then canceled the subscription. I submitted it and a couple days later, it was accepted. + +Note: I would definitely accept any advice on how to move forward in terms of better outcomes. I definitely don’t want to photoshop or do anything of the sort again. +**What is a Hard Fork?** + +A hard fork is when nodes of the newest version of a blockchain no longer accept the older version(s) of the blockchain; which creates a permanent divergence from the previous version of the blockchain. + +Adding a new rule to the code essentially creates a fork in the blockchain: one path follows the new, upgraded blockchain, and the other path continues along the old path. Generally, after a short time, those on the old chain will realize that their version of the blockchain is outdated or irrelevant and quickly upgrade to the latest version. + +&#x200B; + +[Hard Fork Illustration ](https://preview.redd.it/uu6wwcd8rpd71.png?width=3024&format=png&auto=webp&s=b0266b64169bfe7d49d1b6a6d6c61369c63141a4) + +In a hard fork, holders of tokens in the original blockchain will be granted tokens in the new fork as well, but miners must choose which blockchain to continue verifying. + +A hard fork can occur in any blockchain even Bitcoin (where hard forks have created Bitcoin Cash and Bitcoin SV, among several others or Ethereum classic from a previous upgrade) + +**"Well if there's a hardfork isn't there also soft fork?" Yes that's exactly right.** + +Hard forks and soft forks are essentially the same in the sense that when a cryptocurrency platform's existing code is changed, an old version remains on the network while the new version is created. + +With a soft fork, only one blockchain will remain valid as users adopt the update. Whereas with a hard fork, both the old and new blockchains exist side by side, which means that the software must be updated to work by the new rules. Both forks create a split, but a hard fork creates two blockchains and a soft fork is meant to result in one.  + +For example, a block size *decrease* can be implemented by soft-forking. However, doing so doesn’t automatically disconnect you from the network. You still communicate with nodes that aren’t implementing those rules, but you filter out some of the information they pass you. + +Edit: This hardfork requires **no action** for anyone who is holding ETH (Except for node operators). You can keep your Ethereum where it currently is. + +Sources: + +* [https://www.investopedia.com/terms/h/hard-fork.asp](https://www.investopedia.com/terms/h/hard-fork.asp) +* [https://academy.binance.com/en/articles/hard-forks-and-soft-forks](https://academy.binance.com/en/articles/hard-forks-and-soft-forks) +* [https://coinmotion.com/what-is-the-ethereum-london-hard-fork/](https://coinmotion.com/what-is-the-ethereum-london-hard-fork/) +**Company Summary** + +Enbridge Inc. ("Enbridge" or "the Company") is a leading energy infrastructure company in North America with about 17,000 employees that are mainly concentrated in Canada and the United States (U.S). The company primarily operates through five (5) segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution & Storage, Renewable Power Generation, and Energy Services and each of these segments contribute 26.2%, 12.3%, 11.5%, 1.5% and 48.5%, respectively to total revenues. + +Under its key business - Energy Services, the company transports energy through the most extensive and advanced crude and liquids pipeline system that spreads across 17,127 miles globally. The company transports 3 million barrels of crude every day which accounts for almost 63% of the Canadian crude oil production that are transported to the U.S. Enbridge generates stable fee-based revenues from its diversified network of midstream assets.  + +The following fundamentals and factors have been evaluated and summarized to make an investment recommendation regarding Enbridge: + +**Earnings Per Share (EPS) Information** + +* Current Quarter (Q1, 2021) EPS Estimate 0.55 +* Current Year (2021) EPS Estimate 2.05 +* EPS growth in 2020 vs Previous Year -6.52% +* EPS growth in Q4 2020 vs Previous Quarter 19.44% +* Estimated Long-Term EPS Growth Rate 6.00% + +**Dividend Information** + +* Dividend Yield 6.73% +* Annual Dividend $2.61 +* Payout Ratio1.35 + +**Price to Earning Ratio (P/E ratio)** + +* P/E 18.96 +* Trailing 12 months 21.30 + +**Financial Summary (in millions of CAD)** + +[Source: 2020 Enbridge Financials](https://preview.redd.it/x5rnhs3pbbx61.png?width=503&format=png&auto=webp&s=27b80e2123818bdfd521e5579ed4c30749b01dff) + +**Key Financial Ratios as at 2020 FY** + +* Gross Margin 36.75% +* Operating Margin 19.38% +* Net Margin 8.65% + +**Comments and Recommendation** + +Despite the fact that oil prices declined by a significant margin in 2020, Enbridge managed to generate a steady stream of cash flows regardless of the prevailing macroeconomic uncertainty - thus showcasing the resiliency of its business model and making it **a top buy** (especially for value and contrarian investors). + +The company's stock has an attractive forward yield of over 6%. It has increased dividend payouts for 26 consecutive years including a 10% hike in 2020 and a 3% hike in 2021. Tracking the Enbridge stock in line with input from other analysts reveals a 12-month average target price of $52 which is 11% above the current trading price as at the time of writing this report. After accounting for its attractive dividend yield, annual returns will be closer to 17%. + +Through 2023, the Company's management estimates that the Enbridge stock will grow its distributable cash flow per share by 5-7% per year. This should lead to healthy dividend increases of approximately 3-5% in the period. Therefore, ignoring any potential valuation expansion, Enbridge can deliver annualized returns of 10-12% through 2023 and these returns will primarily come from its compelling dividend yield of 7%. + +Original post and full analysis can be found [here](https://info.utradea.com/idea/6091ab39985592700c0400a9) +I would like to direct this question to people here who have actually studied this, or spent a good amount of time reading the results of psychological studies and how having money impacts children. + + + +Obviously the unknown here is this answer may differ for every single person based on how much money they have, but let’s try to assume that this question is directed towards people who will presumably have a significant chunk of money when they die, and as their kids grow up. Let’s also keep it simple if possible. For example, here are a few vague~ish questions we can answer to get an idea of what’s healthiest for our kids. + + +These questions should be answered as if the goal is to raise the most mentally healthy and capable child, and keeping them driven, motivated, grounded and appreciative, while also helping them the most. + + +1. Do you pay for their college, in full? Partially? Not at all? + + +2. When they become old enough to drive, would you make them get their own car? Would you buy a car for them? Would you buy them a fun car because you know how much a teenager loves a high-end car and would buying a say... $40,000 car actually hurt them more than help, or would it enhance their confidence and happiness in those years? + + +3. Would you give them an allowance? + + +4. Should you try to save a lot of your wealth so you can pass it on to them when you die? Or do you think it’s healthier to tell them you plan on spending it, and only leaving them enough for a safety net, telling them they have to earn their own? I’d you knew you were going to pass with maybe $5m one day many years from now, would you try to spend maybe $4m and divide the remaining $1m up between kids or try to structure spending so you can pass on $5m one day? Or pass nothing? + + + +Again the specific questions don’t need answering they are just thought-provoking. + + + +What’s the healthiest way to handle money and kids? +There are so many posts about the missing 1M volume that I am becoming suspicious that it is being used to distract from some amazing info we received yesterday. If you want to really get your tits jacked, go read [the new DD](https://www.reddit.com/r/Superstonk/comments/n5me5g/the_mother_of_all_wedges_an_endgame_dd_technical/) from u/WardenElite or read some of [the testimonies](https://www.reddit.com/r/Superstonk/comments/n5ne55/huge_tomorrow_congressional_hearing_testimonies/) for tomorrow's congressional hearings. + +I know some apes don't like to hear it, but we need to use [Occam's razor](https://simple.wikipedia.org/wiki/Occam%27s_razor) sometimes. The wild theories about the missing 1M shares confirming that Citadel has been margin called just make it seem like all the great information uncovered in this sub is just as speculative. + +There is so much reason to be hyped right now. Let's make sure fellow apes see the best information to confirm our bias. There are too many damn negative 1M volume posts. + +Tits jacked and ready to moon 🚀🚀🚀 + +Edit #1: + +I forgot to add that the S&P upgraded GME's credit rating from B- to B yesterday 🚀🚀🚀 + +Edit #2: + +Link to SEC hearing starting at 12:00 PM ET https://financialservices.house.gov/live/ +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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I was attached to many groups, and always listening to radio communications as we approached our objective. I remember the distinctive tingling I would get in my fingers and toes when their communications started getting fucked with, as it meant it was almost time for action. + +This is not a new tactic, but was employed by biblical armies and written about by sun tzu. Disrupting communication is the precursor to any battle. Whether you are destroying bridges and killing messengers, jamming radio, or prohibiting free discussion and sharing of information. + +Apes, my fingers and toes are once again tingling, and my tits are jacking like a Venice Beach hooker. Shills have successfully spread disinformation and used divisive language to disrupt free exchange of ideas and info using Reddit admin itself. That means the shit is about to hit the fan!! + +We apes are excellent at looking for prognosticating symbols, and this is no exception. The less they want us to communicate, the closer we are to the squozening! + +Edit: seriously with the reporting of this post? +This is in response to [The SEC “no objection” to OCC proposals may not be as bad as you think](https://www.reddit.com/r/Superstonk/comments/x4w74c/the_sec_no_objection_to_occ_proposals_may_not_be/) which plays Devil's Advocate to my post [SEC: "No Objection" to OCC Proposals so MOASS can happen, pensions pay for it, and Wall St keeps their collateral](https://www.reddit.com/r/Superstonk/comments/x4hezj/sec_no_objection_to_occ_proposals_so_moass_can/). + +On the upside, [u/dmurrieta72](https://www.reddit.com/user/dmurrieta72/) and I both agree that: + +1. Clearing Members can still default, +2. The SEC proposals are about how the OCC handles a Clearing Member default ("Aftermath"), +3. And, we're both **bullish**. + +# So, how bad are these OCC proposals? + +In particular, how much of the $35+ Trillion in pensions funds can the OCC tap? $1 Billion? $2.5 Billion? 🤷‍♂️ + +It's undisputed that the OCC is looking to add **$2.5 billion** in external liquidity: + +[SR-OCC-2022-803 34-95327 pg 8](https://preview.redd.it/tmt8xlr4mpl91.png?width=1666&format=png&auto=webp&s=97f698a02041c60413de830c6d41cf8d22039ced) + +And, here's where the OCC says "well, that $2.5 billion *might* all come from the Non-Bank Liquidity Facility": + +[SR-OCC-2022-803 34-95327 pg 9](https://preview.redd.it/k5wr4s0ompl91.png?width=1216&format=png&auto=webp&s=0334de698f7bd272c354d4e3e1d3c78e4ab9b792) + +Basically, if banks don't want to give us money, we'll go to our Non-Bank Liquidity Facility which taps institutional investors that *are not Clearing Members or an affiliated bank, such as pension funds or insurance companies:* + +[SR-OCC-2022-803 34-95327 pg 5](https://preview.redd.it/ziw7gj8dnpl91.png?width=1686&format=png&auto=webp&s=5ecd67128139ab23b71d65a6c192f92193b237c2) + +Increasing the OCC's ability to tap pensions funds and insurance companies for $2.5 billion dollars is only an increase from their current ability to tap them for $1 billion dollars. And currently, to get access to more money, the OCC needs to ask permission to exceed the current $1 billion dollar cap. + +Which is why the OCC is also asking for "Removing the present $1 billion dollar cap to the Non-Bank Liquidity Facility program". + +[SR-OCC-2022-803 34-95327 \\"Proposed Change\\" pg 9 ](https://preview.redd.it/qx1ust2gopl91.png?width=1682&format=png&auto=webp&s=cecb5ea8f1a3d5b68ddafe5a954c3d9a16073c21) + +After all, if you're going to ask to more than double your access to money from pension funds and insurance companies, you might as well ask to remove the limits and not have to ask again. And that's what they did: + +[SR-OCC-2022-803 34-95327 \\"Anticipated Effect On and Management of Risk\\" pls 12-13](https://preview.redd.it/qphj0fyropl91.png?width=1644&format=png&auto=webp&s=65bff623e5a067aa2d07a0e13b5bbd3f90eeedd9) + +Basically, the OCC is asking to up their limit from $1 billion to $2.5 billion *and* remove the pesky limit to "allow OCC to seek an aggregate commitment amount for up to the amount determined by the Board of the Directors". + +>*OCC: Can we remove the limits and just use however much we decide is necessary?* +> +>*SEC: Sure thing. We trust you bro!* +> +>Apes: 🙈🙈🙈🙈🙈 + +The SEC understood the OCC's proposal the same way, "OCC is proposing to remove the $1 billion funding limit and **increase the capacity of its Non-Bank Liquidity Facility to an amount to be determined by OCC's Board** from time to time, based on OCC's liquidity needs": + +&#x200B; + +[SR-OCC-2022-803 34-95670 pg 4](https://preview.redd.it/i3lx0dprppl91.png?width=1680&format=png&auto=webp&s=e0b037fe405558a551bcc948d233be6251c211cc) + +*The fox is guarding the hen house.* **OCC's Board decides the OCC's funding limit from pension funds and insurance companies in their Non-Bank Liquidity Facility.** + +Pension funds were valued at over [$35 TRILLION (as of 2020)](https://www.statista.com/statistics/421729/pension-funds-assets-usa/). The OCC's Board now decides how much of that the OCC can access. The OCC *was limited* to $1 billion and they asked to up that limit to $2.5 billion *and remove the limit*. The SEC has granted OCC's request to remove the limit because the "OCC has been designated as a SIFMU" (Systemically Important Financial Market Utility \[[Wikipedia](https://en.wikipedia.org/wiki/Systemically_important_financial_market_utility), [Investopedia](https://www.investopedia.com/terms/s/systemically-important-financial-institution-sifi.asp), [OCC](https://www.theocc.com/newsroom/insights/2018/10-29-the-importance-of-a-systemically-important-f), [Federal Reserve](https://www.federalreserve.gov/paymentsystems/designated_fmu_about.htm)\]) Basically, the US Government will protect it *at all costs*. Regardless of whatever perverse incentives this creates for financial industry participants to lie, cheat, steal, **sell assets that don't exist**, **or fail to deliver on securities sold**. + +[SR-OCC-2022-803 34-95670 pgs 14-15](https://preview.redd.it/79em3oacrpl91.png?width=1702&format=png&auto=webp&s=06432cba72d0ea656e216bdfe58878e90fc696f1) + +# Tapping pension funds and insurance companies is an alternative to their Wall St friends selling precious collateral + +The OCC's stated intention for their proposed change was very clear: + +[SR-OCC-2022-803 34-95327 pg 15](https://preview.redd.it/gu5vdp0ktpl91.png?width=1696&format=png&auto=webp&s=cc36c7ee6f027b3ed5a4f5217138f5f7440572cc) + +>"\[T\]he proposed change would **allow OCC to seek a readily available liquidity resource** that would enable it to, among other things, continue to meet its obligations in a timely fashion and **as an alternative to selling Clearing Member collateral under what may be stressed and volatile market conditions**." + +The OCC explicitly stated their proposal expanding the Non-Bank Liquidity Facility (with pension funds and insurance companies) is "**an alternative to selling Clearing Member collateral** ~~under what may be stressed and volatile market conditions~~" during a market crash. The SEC approved it. ***What is the point of having Clearing Member collateral???*** + +Why pensions and insurance companies? I covered this before [here](https://www.reddit.com/r/Superstonk/comments/utlh7m/kenny_destroying_teacher_pensions_and_blaming_apes/) and [here](https://www.reddit.com/r/Superstonk/comments/v26rya/moass_confirmed_by_ken_griffin/) . **Wall St made sure Main St pays their gambling debts, again.** Privatized Profits & Socialized Losses -- it's on [Investopedia](https://www.investopedia.com/terms/p/privatizing-profits-and-socializing-losses.asp). + +Tagging u/dlauer u/bettermarkets u/jonstewart because someone's going to do it eventually anyway. +An elderly gentleman backed into my car in a parking lot while it was parked. My friends and I were standing there and saw it happen (we were leaving the same restaurant as the other party). The other party stopped and gave me his insurance info and so forth. The damage is fairly minor but it does look like my bumper and a headlight will need to be replaced. + +&#x200B; + +However, there is disagreement between my friends and I about which insurance company I should call. I thought I was supposed to file the claim through my own insurer, but my two friends are adamant that this will result in me having to pay a deductible. They tell me that I should be calling his insurer to start the claim instead. Could anyone help to clear this up? + +EDIT: Maine, USA +ALL the brokers are in on this fuckery. They will all fuck around and do what they can without revealing the game, AND THEY HAVE THE MONEY TO DO THIS FOREVER. + +They think they can buy enough time for everything to crash and then burn all the evidence of their fuckery and escape with millions. + +ARE YOU JUST GONNA SIT THERE AND LET IT HAPPEN? + +#FUCK. THAT. + +#DRS YOUR SHARES, ALL OF THEM, OR WE DON'T GET THE MOASS. + +NOTHING else matters besides that. Period, end of fucking discussion. Any opinions in any other direction besides that is either FUD from shills, or it's just you wanting to be FUCKING LAZY. + +HOW CAN YOU BE LAZY ABOUT THIS? HOW?!?!?!? I'm seeing posts from people saying "oh i was a fence sitter" REALLY? + +YOU'RE FENCE SITTING WITH LITERALLY TRILLIONS ON THE TABLE? WHEN EVERYONE WHO IS ACTUALLY ON OUR SIDE HAS BEEN TRYING TO TELL US TO DRS FOR THE BETTER PART OF THE YEAR? + + +I'm sick to death of waiting to start the rest of the shit i wanna do with my life, like buy a fucking house and pay people to make art. + +#GET OFF YOUR ASS AND DRS EVERYTHING. + +Rant over. I mean every word but i had to just get that out of me. + +EDIT: if any of you doubt me, I'm on the phone with Fidelity RIGHT NOW to DRS my IRA shares, and I will make a new post telling you all how it went. I WILL provide proof too, I'm not a piece of dogshit who tells people to do things I won't do. +All of the discussion of this that I've seen on this sub so far has mostly ignored the thousands(?) of apes who have ALREADY had shares sold out from under them by RH. I myself left them a fraction of a share as an honesty test when I transferred out in Feb, and it took them less than 2 weeks to sell at a dip. Screencapped in my post history. + +DO NOT LEAVE YOUR SHARES IN ROBINHOOD ONE MINUTE LONGER. They are not remotely reliable and are considerably more likely than not to cheat you. + +PS yes this is legal, its [explicitly laid out in their TOS,](https://i.imgur.com/kJmyXpi.png) presumably for precisely this scenario. They knew who their bosses were from day 1. + +Edit: Just so the link is in the op too, [Robinhood's full TOS.](https://cdn.robinhood.com/assets/robinhood/legal/Customer%20Agreement.pdf) I strongly advise you to read it yourself. + +Edit PS: I eat french fried crayons and play a lifeguard on TV +Now many people in this group and r/personalfinancecanada recommend that you shouldn’t focus on dividend investing and rather total return. Citing Ben Felix’s video on the irrelevance of dividends or Canadian couch potato on the 6 myths of dividend investing. Rather they suggest passive index ETFs such as XEQT or VFV. Now these are great ways of investing, but keep in mind there is no “best” investing strategy out there. The best investing strategy is one that you can stick to over a long period of time and watch your capital gains grow. But the argument that people should not focus on dividend investing or that it is solely for boomers/people close to retirement is dumb. DIVIDEND INVESTING MATTERS! + +There are many benefits to dividend investing such as: building passive income, easier to stay the course in a crash, dividends fight inflation, reduce risk/volatility, tax advantages, etc, etc. Just like there are many benefits to passive investing through ETFs such as: simplicity by not having to track individual holdings, low fees compared to mutual funds, tax efficiency, a wide basket of eggs to invest in, etc, etc. But overall I believe dividend investing has a better psychological effect for investors. Slowly over time you build your passive income, which one day you aim to live off, you welcome a market crashes/corrections because that means you pick up cheaper shares with your dividends and will enjoy the rewards down the line.  + +Many investors argue that dividends hurt your overall growth, as it takes away from the share price on the ex-dividend day by the amount the dividend is paid out. Just buy XEQT and chill, over a long period of time an all-in-one ETF will perform better. I went back and compared three ETFs over a 2.5 year span, although not a long time I wanted to go back further but had to limit myself for comparison as XEQT only began trading on August 16th 2019. I compared VDY, VFV, and XEQT from August 16th 2019 to Feb 7th 2022. [The information was taken from:](https://m.canadastockchannel.com/compound-returns-calculator/) + +&#x200B; + +|Ticker Symbol|Total Return (DRIP)|Avg. Annual Return|10k Investment Growth| +|:-|:-|:-|:-| +|VDY|58.73%|20.46%|$15,873.31| +|VFV|52.83%|18.63%|$15,281.47| +|XEQT|35.46%|13.01%|$13,547.10| + +&#x200B; + +Although this is a short period of time and the past results have largely been propped up by our financial sector/energy sector having great returns recently. VDY has beat out XEQT and VFV, obviously if you backtrack further VFV outperforms both of these ETFs over a long period of time. In fact if you go back to VDY's inception date, VFV would have almost doubled the returns over a 10 year period compared to VDY. On the other hand, since its inception VDY has out-performed TSX 60 index ETFs such as XIU. Results from Nov 9th 2012 to Feb 7th 2022: + +&#x200B; + +|Tickey Symbol|Total Return (DRIP)|Avg Annual Return|10k Investment Growth| +|:-|:-|:-|:-| +|VDY|170%|11.35%|$27,038.37| +|VFV|370.71%|18.23%|$47,084.78| +|XIU|140.55%|9.95%|$24,051.44| + +Past returns obviously do not equal future returns, but this post is to show you that dividend investing is a viable and great strategy for long-term growth. Many investors will say not to focus on dividend investing as your returns will be better in low-cost index funds, and in some cases they are right and others they are wrong. + +In fact, if you invested 10k into VDY on it's inception date you would have bought 408 shares, as of February 7th 2022 you would hold 583 shares just off dividend reinvestment alone if you just left your 10k investment alone and started a DRIP. If you go back one year from Jan 2021 to Jan 2022 and add up all the dividend payments you would have received $1,072.72 in dividend payments alone, which would be equal to a 10.7% return on your initial 10k investment in just dividend payouts. + +\*Note this information is a bit skewed as I used 583 shares. On January 1st 2021 you would hold 558 shares from your initial investment of 10k with dividends reinvested. 558 shares would equal a 10.2% return on your initial investment in annual dividend payout\* + +Just remember that there is no "best" investment strategy just the one that works for you, dividends are not pointless, and dividend investing is a great long-term strategy for compounding growth. Disclaimer I keep roughly 60-70% of my portfolio in dividend stocks/ETFs and have outperformed the S&P 500 since I started investing. The main point of this post is to not discourage new investors that want to pursue dividend investing. Tons of posts on both this subreddit and Personal Finance Canada as soon as people mention dividends other Redditors will say focus on all-in-one ETFs, dividends are pointless. + +Dividend investing has a beautiful compounding snowball effect that grows exponentially over 20-30 years. The patient investor will be rewarded by this, and have a large sum of passive income that could cover their yearly costs and allow them to retire financially free down the road. +Hello all. With christmas around the corner i just wanted to share this new scam that my mother encountered yesterday so you can all be a bit more observant. She had been doing some christmas shopping on amazon and she recieved an email to her personal email that looked very legit from what appeared to be amazon emailing her to let her know one of the packages had been sent out and should arrive soon. The email then asked her to sign into her account using the link below so she could track the package. I just happend to be reading the email over her shoulder when she was about to click the link i told her to stop because i noticed that the dates were messed up. It said it was ordered on the 16th of December and shipped on the 19th of December when she recieved the email on the 17th. That date was literally the only thing out of place in that email and it did a great job of mimicking an offical amazon email, so keep your eyes open for that scam if you do any online shopping. + +Edit: i have been reading through all the replies but at this moment don't have the time to reply to every one so i am just adding an edit to the original post that includes the information alot of you have added. As many of you have said, yes clicking a link in an email is always to be avoided no matter how legit it looks, that's very sound advice everyone should heed, but the reason i made this post was because of how amazing the quality was that it honestly did not look like a scam in the slightest even to my step dad who spent years and years in the computer and programming industry as well as customer support for people targeted by scammers, the date being ahead of the real date was the only thing wrong with this email which is why it stands out to me. And others have said this has been around for a long time and it's just a regular run of the mill phishing scam which while technically true doesn't quite encapsulate why i felt it was a good idea to post about it. The reason this was stood out was how top notch the email looked, it looked 100% legitimate and had personal information about previous purchases included in it that she had actually bought that made it unbelievable in terms of accuracy, the date being wrong was legitimately the only thing about this email that indicated something was off, it was of stellar quality and not the usual hastily written sloppy attempt at finding some naive old person with no computer skills to click on the link, this email had real effort put into it which is why it stood out to me and made me decide to share about it. + +Anyway, thank you all for taking the time to reply and share your thoughts, i wish you all a happy holiday. +So, potentially recession can cause prices to drop, if one waits 3-6 months, to get potentially better deals. + +Or, take advantage of low interest rates now, possible corona thing goes away sooner than later and market kinda goes back to normal + +(Down payment and emer funds are solid) +Backstory: I'm 21 years old, been investing since November 2019. Started picking stocks, moved fully to long puts and calls by April 2020, and ran my account up \~60% by July 2020. You know the rest - over-leveraged a couple trades and was down 75% from my starting point by October. Tried r/thetagang for a few months but between college and part-time work, it was just too much to actively manage positions. For reference, I lost about $4k in 2020 from the options trading. + +I've been onboard with *passive* dividend investing for a couple months now for a few reasons: + +1. I know "everything is overvalued" depending on who you ask, but I'd rather be in stocks paying out dividends and generating profits than in companies who try to [justify current valuations with speculative technology](https://www.cnbc.com/2021/01/27/elon-musk-explains-how-self-driving-robotaxis-justify-tesla-valuation.html) that won't materialize for years, at best. +2. I don't really buy the "invest in growth while you're young" narrative. Growth had a great decade. It might have another great decade, but it might not. People always say you can afford to risk more when you are young, but that isn't really true either. Taking a large loss when you are young will set you back quite a bit. Consider my $4k loss last year, for example. If I had $4k growing at 7% / year for 40 years, I'd have $60k when I turn 60 years old. +3. I've lost confidence in my ability to "beat" returns of a quality ETF in the long run. Took me a year to realize that my interest in stock-picking was just an interest, not a talent or something I was good at. I'd love anyone's feedback on my thoughts here - firmly believe I have lots to learn from others. + +I'm now quite happily sitting on 60% SCHD and 40% SCHV, receiving a projected $340 / year in dividends. I have two short term goals: + +1. Reach $500 in annual dividends by the end of 2021 +2. Diversify into an international value/dividend ETF later this year + +A couple questions for the community: + +1. **Has anyone consistently invested in dividend-paying stocks since before 2010? 2000?** +2. **What are your** **recommendations for non-US dividend ETFs?** I place a lot of value on a low expense ratio. +3. **Does anyone hold both SCHD and SCHV?** I'm considering getting rid of SCHV in favor of an S&P 500 ETF once valuations calm down a bit, whenever that happens. Until then I'm pretty content. + +**TL;DR - Trying to build dividend-focused investing habits. I'd love your feedback/opinion.** +I'm stuck. I've been at work for 5 years now ever since I was 17. I've always tried my hardest at work and never took sick days, always going above and beyond. Because deep down I know I need to make more money and be able to survive, and I always thought that working hard in life will reward you. + +But I've never made more than $18 an hour in my entire life. I live in a decent-sized west coast city, and I can't keep doing this. My parents are poor as hell and always were, nobody in my actual family makes more than $18 an hour either. + +I've tried as hard as I can to go to college and try to earn more money and get myself out there. I don't even want 6 figures, 50-60k a year for me is fine to get by. I'm not materialistic or need lavish stuff. + +Even with my associate's degree in IT and multiple certifications and years of experience, I have nothing. I can't seem to claw my way out of poverty. I'm still making $15 an hour and won't ever be able to survive on my own. My parents can't survive without me either, we all have to pool our money together since it's so fucked. + +There are people at my work around my age, who just landed higher-paying roles and I *wish* that I could even make 25 an hour. Things always seem to work out for other people, and I can't ever seem to get ahead. + +Nobody gets it either. Everyone I know makes a decent living and has *zero* understanding of what it's like to be 1 paycheck away from being homeless. My friends are all privileged college-age kids whose parents pay for their degrees and got them a head start in life. I've had to pay up to 20k out of my pocket to fund my education because FASFA and other government assistance aren't available for me. I can't continue my college education because I literally can't afford it. Most of my money goes to bills. + +It doesn't seem to matter what I do. I can't escape poverty and get by in life. I really can't keep living like this. +I have worked for a major computer company now for 10 years. I was deemed an essential employee and worked every day on site during the pandemic while 85% of my coworkers got to work from home. + +Some new employees recently started and it turns out they are making 20% more than me. I understand that in the current labor shortage, companies are being forced to pay higher wages to entice people to join. + +I do not need the extra money, and my job is way to good to consider jumping ship. I was given a 3% cost of living raise last year and this year. But I cannot help but feel a little hurt that after working every day on site during the pandemic, my company values new random strangers off the street, more than me who has been loyal for 10 years. + +Not sure what I should do, if there is even anything to do. I’m possibly thinking about applying to other companies and trying to leverage any potential offers. Any advice would be appreciated + +EDIT: Everyone keeps asking why I feel my job is too good. I am responsible for a machine with a special laser that does not get used much. I work 10 hour days and spend 2 hours tops a day doing actual work. The other 8-10 hours a day are spent hangin out. I get a 3 day weekend every weekend. I live 1 mile from work. My house is paid off. I get unlimited drinks and snacks from vending machine. They pay me $100k a year. I do not think I could find this someplace else. + +EDIT 2: People are mentioning that my job should be giving me more responsibilities. This is not possible because a 30 minute response time is critical to the chips if they need the laser. Native oxide builds up on chips over time, also while the chips outgas and remain uncured, their chemistry changes. My work cannot give me additional responsibilities because if I get stuck working on something else while the laser is needed, I may not be able to get the chips under the laser in the specific amount of time. I went to school for this and there is more understanding and critical thinking needed than just pressing a button. +Full credit to: u/Conscious_Diamond535 who doesn’t have enough karma to post here. Go give his original posts the focus/credit they deserve. + +......................................................................... + + +Force your shitty broker to prove that they bought your GME shares in one simple step. + +TL;DR: US securities laws require that brokers give you **the name of the person that they bought your shares from**, and + +They must give you the name of the broker that they bought your shares from, and + +They must tell you the exchange that they bought your shares on, and + +They must tell you if they acted as agent or principal (internalized trade, or not) + +All you have to do is ask them! (email template below) + +Find out once and for all if you own a GME IOU or a real share. It is important to find out before moon (or a RICO case against the criminals), so that brokers cannot simply unwind or delete your GME shares. Almost all Apes in any country can do this. + +Caution: if you do this, your broker’s head might explode! + +I have PublicFreakout worthy recordings of various managers, traders, and other reps at my broker when I probe their sensitive bits. Although doing this by phone is endlessly amusing, it is common sense not to piss your broker off too much before you deliver the death blow. For this reason, I have provided a template below. I am not a lawyer and this is definitely not legal or financial advice. Use anything in this post at your own risk. + +Note: DRS is still the way. + +US securities laws are well defined and have various safe guards in place to protect investors from securities counterfeiting and specifically allow Apes to get this counter party info for that reason. You will find some of these legal protections in + +[US Code of Federal Regulations Title 17 - CHAPTER II - PART 240 - SECURITIES EXCHANGE ACT OF 1934 Subpart A - Rules and Regulations - Manipulative and Deceptive Devices and Contrivances.](https://www.law.cornell.edu/cfr/text/17/240.10b-10) + +Most countries' security regulators have a very similar set of rules for their markets. For example, trades on Canadian markets are regulated by IIROC and so you can demand most of this same info under [IIROC Rule 3816](https://www.iiroc.ca/rules-and-enforcement/iiroc-rules/3000/3816-trade-confirmations) when you buy securities on Canadian markets. + +All you need to do to get this info is to request it in writing. + +Just modify the template below with your shitty broker's name and your account info. Where it says “Ape”, change that to your name. Then email it to your shitty broker. + +If they refuse just email the letter to their complaint resolution team and make an SEC complaint at the same time. Remember that brokers may be violating securities laws each and every time they refuse, so document everything and pass it on to the SEC and your own country's security regulator. Make some noise you filthy Apes! + +When client regulatory complaints on any topic surpass a threshold, the SEC is required to review the nature of the complaints and seek resolutions. Apes can easily bring this matter to Gary's attention. + +You may or may not want to request all of this info about your GME buys. Brokers are required to provide all the info, but the less you ask for the more difficult it is for them to justify refusing. Take out anything that you don't care about. Conversely, you can usually also demand more info than this if you poke around on your trade confirmations and TOS and find something like this to add to the template: + +Additionally, I request the name of the dealer and market for these transactions as prescribed under the "Important Information" section of my online trade confirmations from \\\[BROKER NAME\\\]. + +Here is a sample template for your copy pasta pleasure: + +Attention: **BROKER NAME** + +I am hereby making a written request for trade confirmation data, specifically in regard to the trades where **BROKER NAME** has purchased GME for me in my **ACCOUNT TYPE – ACCOUNT NUMBER** while acting as agent in those trades upon a US market. BROKER NAME has indicated in my online trade confirmation statements that they acted as agent in all of my GME purchases. + +Specifically I am requesting that **BROKER NAME**, in regard to these GME purchases provide me with, at a minimum, the following information in writing within fifteen days as per **BROKER NAME**'s regulatory obligations to me under US Code of Federal Regulations Title 17 § 240.10b-10 - Confirmation of transactions: + +\-The date and time of each transaction and the identity, price, and number of shares or units (or principal amount) of GME purchased. + +\-The name of the person from whom the GME security was purchased. + +\-The amount of any remuneration received or to be received by the broker from me in connection with the transaction unless remuneration paid by me was determined pursuant to written agreement with me, otherwise than on a transaction basis. + +\-A statement whether payment for order flow is received by the broker or dealer for transactions in such securities. + +\-The source and amount of any other remuneration received or to be received by the broker in connection with the transaction. + +**BROKER NAME** has substantive regulatory obligations regarding fair dealing with clients. If **BROKER NAME** finds cause to reject my request, then I further request that **BROKER NAME** provide such statements rejecting my request to me in writing, within fifteen days, referencing the specific statutes, laws, and/or rules that **BROKER NAME** believes are sufficient to outweigh my rights as a customer of a regulated broker that is making trades on my behalf upon a regulated market. If, as a retail investor, I am misinformed about which specific regulatory authority or laws are governing the aforementioned transactions, then I will rely on **BROKER NAME** to act in good faith and provide me with a list of the regulatory entities and governing laws and/or rules whose protections I am entitled to. + +Please confirm that you have received my written request and that it will be forwarded to the appropriate department or individual for resolution. Thank you in advance for your assistance in successfully resolving this matter. + +Sincerely, + +Ape + +TL;DR: DRS. 🚀 🚀 🚀 + +Not legal or financial advice. Do your own research and come to your own conclusions. Seek professional advice from qualified legal and financial experts. Be excellent to each other. + +Please cross post this wherever you want. +Ticketmaster parent, Live Nation Entertainment just dropped 8% in news that it's [under an antitrust investigation](https://www.nytimes.com/2022/11/18/technology/live-nation-ticketmaster-investigation-taylor-swift.html) from the DOJ. + + + +This has been prompted in large part by market mover Taylor Swift whose ticket sales crashed the system. + +> WASHINGTON — The Justice Department has opened an antitrust investigation into the owner of Ticketmaster, whose sale of Taylor Swift concert tickets descended into chaos this week, said two people with knowledge of the matter. The investigation is focused on whether Live Nation Entertainment has abused its power over the multibillion-dollar live music industry. + +> That power has been in the spotlight after Ticketmaster’s systems crashed while Ms. Swift fans were trying to buy tickets in a presale for her upcoming tour, but the investigation predates the botched sale, the people said. +For some reason this hasn't been getting much coverage on media, or on here, but the railroad union possible strike is actually way more important the S&P daily performance or past inflation report. If the strike take place, expect massive supply chain shortage, and unbearable price gauging that is going to hit everyone. + +If they don't come to agreement, this could be a disaster. I wouldn't be surprised to see CPI report comes in at +10% in December as a result + +If you are not familiar with the issue, below some links + +[https://apnews.com/article/health-covid-government-and-politics-87bc3c3e0120b8258557767576262d89](https://apnews.com/article/health-covid-government-and-politics-87bc3c3e0120b8258557767576262d89) + +[https://www.nytimes.com/2022/09/14/business/freight-rail-strike-supply-chain.html](https://www.nytimes.com/2022/09/14/business/freight-rail-strike-supply-chain.html) + +&#x200B; + +UPDATED: + + + +# Biden says a tentative railway labor deal has been reached, averting a strike + +[https://www.npr.org/2022/09/15/1123114110/biden-says-a-tentative-railway-labor-deal-has-been-reached-averting-a-strike](https://www.npr.org/2022/09/15/1123114110/biden-says-a-tentative-railway-labor-deal-has-been-reached-averting-a-strike) +I’ll start: “Being good with money is more about being disciplined than being good at math” + +I’ve met quite a few young people that believe that because they didn’t do well at math in school, they can never be good with money. Even when I tell them of many friends who weren’t good at math, but could save and invest regularly, they just don’t believe it. +The kid was very gracious. (I'm older so to me you recent college grads are kids.) He said "No, she's right." And he described his attempts to get a job at local convenience markets, etc. I was thinking: Listen, you just got the most practical degree ever in the history of degrees: Civil Engineering! And you are searching and searching for work. How are you going to find a job (he is cold-calling by dropping by and leaving his resume) while working at Walmart? Don't listen to this woman! What makes it even more absurd is if she runs into someone who has the right background for Walmart and he is unemployed because all the college kids went and got jobs at Walmart, is she going to be sympathetic? I doubt it. (Walmart will not hire this guy, most likely.) + +Listen people: When you have high unemployment figures, this means that places are NOT HIRING. People are unemployed. Do you really think when employment is 10% (and 'real' unemployment is probably higher) then NO ONE will be unemployed? +I've noticed this sub gets a lot of questions along the lines of "I'm looking to buy a house in X years, should I put my savings in to the Global All Cap?" + +The responses are typically: + +* less than 5 years = do not invest +* more than 5 years = investing is okay + +But there's not always concrete reasoning behind this advice, other than 5 years being a general rule of thumb. + +So I downloaded the historic data of the MSCI ACWI (similar to FTSE Global All Cap) from the last 34.5 years (Dec 31 1987 to Jul 29 2022) and calculated the **probability of being in profit based on the number of years invested**. + +Here are the results: + + 1 Months = 60.2% + 2 Months = 62.6% + 3 Months = 63.2% + 4 Months = 64.3% + 5 Months = 66.7% + 6 Months = 68.8% + 7 Months = 68.7% + 8 Months = 70.3% + 9 Months = 71.7% + 10 Months = 71.4% + 11 Months = 71.9% + 12 Months = 71.0% + + 1 Years = 71.0% + 2 Years = 77.3% + 3 Years = 77.6% + 4 Years = 76.9% + 5 Years = 78.9% + 6 Years = 84.3% + 7 Years = 97.0% + 8 Years = 95.6% + 9 Years = 94.8% + 10 Years = 91.9% + 11 Years = 94.0% + 12 Years = 95.6% + 13 Years = 99.6% + 14 Years = 100.0% + 15 Years = 100.0% + + Note: Everything beyond 15 years resulted in 100% probability of being in profit. + +Out of curiosity, I also worked out what the **average loss** and **maximum loss** might be if you *did* experience a loss after each time period: + + 1 Months = 60.2%, Avg Loss = 3.6%, Max Loss = 19.9% + 2 Months = 62.6%, Avg Loss = 5.0%, Max Loss = 30.1% + 3 Months = 63.2%, Avg Loss = 5.9%, Max Loss = 34.8% + 4 Months = 64.3%, Avg Loss = 6.8%, Max Loss = 36.4% + 5 Months = 66.7%, Avg Loss = 7.8%, Max Loss = 39.1% + 6 Months = 68.8%, Avg Loss = 8.9%, Max Loss = 44.6% + 7 Months = 68.7%, Avg Loss = 9.3%, Max Loss = 45.9% + 8 Months = 70.3%, Avg Loss = 10.2%, Max Loss = 47.3% + 9 Months = 71.7%, Avg Loss = 11.3%, Max Loss = 51.7% + 10 Months = 71.4%, Avg Loss = 11.7%, Max Loss = 51.2% + 11 Months = 71.9%, Avg Loss = 12.6%, Max Loss = 48.6% + 12 Months = 71.0%, Avg Loss = 12.6%, Max Loss = 49.5% + + 1 Years = 71.0%, Avg Loss = 12.6%, Max Loss = 49.5% + 2 Years = 77.3%, Avg Loss = 18.3%, Max Loss = 49.2% + 3 Years = 77.6%, Avg Loss = 18.8%, Max Loss = 47.7% + 4 Years = 76.9%, Avg Loss = 16.6%, Max Loss = 36.3% + 5 Years = 78.9%, Avg Loss = 12.9%, Max Loss = 30.3% + 6 Years = 84.3%, Avg Loss = 5.1%, Max Loss = 12.5% + 7 Years = 97.0%, Avg Loss = 7.1%, Max Loss = 19.0% + 8 Years = 95.6%, Avg Loss = 14.0%, Max Loss = 31.2% + 9 Years = 94.8%, Avg Loss = 21.4%, Max Loss = 42.2% + 10 Years = 91.9%, Avg Loss = 13.3%, Max Loss = 31.0% + 11 Years = 94.0%, Avg Loss = 7.3%, Max Loss = 24.6% + 12 Years = 95.6%, Avg Loss = 4.4%, Max Loss = 12.3% + 13 Years = 99.6%, Avg Loss = 0.5%, Max Loss = 0.5% + 14 Years = 100.0%, Avg Loss = 0.0%, Max Loss = 0.0% + 15 Years = 100.0%, Avg Loss = 0.0%, Max Loss = 0.0% + +**Where did you get this data from?** + +Source: [https://www.msci.com/end-of-day-data-search](https://www.msci.com/end-of-day-data-search) (Market > All Country > ACWI > Term > Full History > Download Data) + +The historical data turned out to be monthly results instead of daily, which most likely explains why there isn't a smooth increase from one year to the next, but I think the overall trend and results are still useful. + +If anyone can point me in the direction of some daily historical data for the FTSE Global All Cap, that would be interesting. + +**What do these results mean?** + +The longer your money is invested in the Global All Cap, the greater your chances of being in profit. + +For example, if you kept your money in the Global All Cap for 3 years, there is a 22.4% chance that you would have been down after those 3 years. And if you were down, on average you would have been 18.8% down, and at worst you would have been 47.7% down. + +These are just historic averages though of course and not guaranteed future probabilities. + +**How many years is the minimum?** + +There is no magic minimum number of years. It's up to you to decide based on how much risk you're comfortable with. + +The general consensus on this sub has been 5 years, but based on these results it's not that much better than 2 years or 3 years. + +However, if you are looking for some sort of magic number, there seems to be a generous leap in probability when you hit the 7 year mark. But that's most likely just a quirk of having a limited data set. + +**How many years is ideal?** + +I don't think having a fixed minimum number of years is the right approach. + +Instead, it's better to have a flexible "cash-out" window of 2-4 years (my rough estimate), where in the event of an untimely market downturn you can postpone withdrawing and wait for the market to recover somewhat. + +If you have this flexibility, I think you're better off having your money invested. Any time spent in the market exposes you to a higher probability of gaining rather than losing money. You just need to understand the risk you're taking. + +However, if you do not have this flexibility (e.g. you're definitely purchasing a house within 1-2 years), then you're probably better off not exposing your savings to the risk of a downturn. But again, that's your call. + +**Summary** + +There is no magic minimum number of years you should have your money invested. + +Instead, whether or not you put your savings in the stock market is a function of the amount of risk you're willing to take and your flexibility when it comes to being able to postpone withdrawing in the event of a market downturn. + +If you don't know how much risk you're comfortable with, I'd avoid investing completely. + +But if you know the amount of risk you're comfortable with, then maybe you'll find these numbers interesting. + +*Edit: Turns out the data source for the ACWI started in 1987, not 1969.* +Hello wonderful pf community. This is in partial response to yesterday's top post entitled "Buying a house 'responsibly' impossible for many?". While this was a great post, I'd like to point out that renting isn't half bad for what you get. A rent payment doesn't *just* cover the roof over your head. You also get: + +- Included appliances, such as stove, dishwasher, fridge, laundry units, etc. This could cost thousands of dollars out of your pocket when you own. To not only buy the equipment up front, but also repair them. + +- Lawn care. You either have to buy your own mower upfront and be out in the hot sun for two hours every Saturday, or pay a lawn guy. + +- Amenities. If your rental has a pool, gym, etc. you might pay a slight premium in rent for all of these, but the value is still there. Gym memberships are *costly* these days. Pool ownership and maintenance is a *hassle* (any current owners know this is true). + +- Above all else, flexibility to move at basically anytime, so long as you have the cash on hand to buy out of your lease. With a house you have to factor in: possibly being underwater if you don't have enough equity, the extreme length of the sales process (even in a good market it could take up to a year!), and in a worst case scenario not even being able to sell it. I'm sure everyone already saw the "leave your current job every 5 years or so to get a significant raise" post. What if the next great opportunity is across the country? Ya never know. + +All this is *not* to say that renting beats homeownership. Certainly the huge advantage of having no mortgage payment at the end of your 30 years (or however long) is great. But you have to do it right to make it work. Just hoping to change the minds of some "rent averse" people! + +Edit 1: Also property taxes! + +Edit 2: It's been pointed out that if you rent a *house* rather than an apartment that some of these perks wouldn't be included. But you also get more square footage and more freedom (not having to worry about pet regulations, not having neighbors literally on top of you, etc.) +There's always threads about which stocks to buy, but an equally important question is which stocks to avoid. + +So which stocks do you think are overhyped, overvalued, or simply don't have a bright future? +I have been looking for a new job, because the current job is not working, financially speaking, and is not stable, due to mercurial bosses. I'm in a giant hole right now, and I **really** need to find a new job soon. I'm a teacher at a small (newish) charter school that is in the same building as a large, longstanding private school. Our schools seem to have a good relationship and we refer students/families back and forth when we feel they're better suited to the other school. The admin of my school know the admin of the private school, although I couldn't guess as to how close/friendly they are. We have made arrangements to use some of their facilities, and when we do, one of our admin go to supervise, so they go over there on occasion. + +A position has opened up at the private school and I would like to apply it for it, but I'm worried that they'll mention something to my admin if they see them--not necessarily maliciously, but anything could be detrimental if I don't get the job. The admin at my current school are very vindictive and I'm worried they would either a) find a reason to fire me b) try to bully me out of my job, as they've done this to other teachers. + +Would it be appropriate to add some kind of PS/note to my cover letter referencing our schools' relationship and asking for discretion? Should I not apply at all/does it seem too risky? + +**Edit: to clarify, this is not the only job I'm looking at, and in the past month have applied for many other positions with schools further away.** + +**THANKS everyone! I have decided *not* to apply at that location at this particular time, it's just too risky. I appreciate all of your advice and support!** + A potential coronavirus vaccine developed by Oxford University in the U.K. has produced a strong immune response in a large, early-stage human trial + + [https://www.cnbc.com/2020/07/20/oxford-universitys-coronavirus-vaccine-shows-positive-immune-response-in-an-early-trial.html](https://www.cnbc.com/2020/07/20/oxford-universitys-coronavirus-vaccine-shows-positive-immune-response-in-an-early-trial.html) +After analyzing a company and building a position, should you just buy and forget and when is the right time to reevaluate and decide if it was a good investment or not? +Newbie sharing my view's for discussions: + +&#x200B; + +**Longevity:** + +ActiviBliz is a huge gaming company, they own very popular franchises but more importantly they own the studios and engines used to make their hit games. If COD does go stale and if World of Warcraft finally dies and people get bored they can easily develop something new and exciting for either title. Call of Duty Modern Warfare which was basically a re-do of the hit COD4 from ten years before is an example of this. Imagine if they created some sort of Warcraft epic using the engine from Infinity ward? Anything is possible and that's the point they have the staff and the tech to make whatever they want. + +**How Income is Generated:** + +ATVI don’t make their money from game sales but from the transactions within the games, COD offers players season passes and vanity items that cost the company virtually nothing to make as it’s just a graphic’s skin but they sell these for real money to the players that want them. While mind boggling to me why people pay for these things they do and this is the bulk of their income. Whatever the future games are released by ATVI, I’d bet my house on them having micro-transactions / subscriptions as these make the money. 80% of their income this year is from this in-game crap, however people lap it up and spend their money on these things and that won't change. + +**Valuation:** + +There is little long term debt and it’s well managed, ATVI is buying back shares, over the past 5 years the value of the company has increased by 18% each year and future predictions are still rosey. + + **Ratios:** + +Taking a look at the PE ratio it’s clear that the price of the stock is dropping hard and we are approaching a PE ratio of 18 this is in fitting with the growth rate of ATVI's profits over the last 5 years which in Lynch's books he makes comment that a PE equal or below the growth rate is generally a decent value aka the PEG ratio but historical. + +When looking at the free cash to price ratio as well we are heading down to the lows of 2014. When looking at the PE ratio and PCF ratio we are at the bottom of the ranges now, at least we are nearing the previous lows. + + A DCF calculated fair value of $90 is far above the current price as well. + +**Why is it cheap?** + +I believe that the current price fall is entirely due to sentiment in regards to the harassment within the company and it’s management, there are sexual assault allegations and the boss is involved, this has lead to people openly voicing their protests and even the Xbox management have basically said publicly for people to sell their shares and punish ATVI for still having the same boss. So we are seeing a huge sell off now as people are reacting to this sentiment towards the company. However I believe that the true value of ATVI is their staff not their managers, the potential to make great games is within their staff and tech not their leaders and I suspect that the current CEO is going to bow out or be asked to leave. + +I don't see ATVI going bust, I see them being a player for years to come and when we get enough chips to actually sell xbox series X's and PS5's to players then we are going to be seeing a lot more players than we have even now. Everything is a gamble but I reckon this stock is a bargain at the moment and it may even drop lower first. + +I don't think the sell off is over just yet, politically this is still a hot potato and something will have to change like certain people leaving then things will go back to where they should be so I'll buy a couple shares and hopefully a couple more in a couple weeks if price continues lower. + +&#x200B; + +I'm working with just a few hundred dollars and am just trading for fun this year to see how things pan out, you've got to learn through doing after all. +I know getting financial statements formatted for Excel can be a pain sometimes. So for those that are interested, I can provide you with the financial statements of almost any public company you would across the major world exchanges along with their key metrics and growth metrics for multiple years. + +The data comes directly from the reported financial statements and is standardized. + +In case you are wondering I am doing this completely for free to help the community and my hope is that this data helps you find a good investing opportunity. + +Message me or comment with the company ticker you want and I'll send you the Excel file. +https://www.cnbc.com/2020/10/01/google-to-pay-publishers-1-billion-over-three-years-for-their-content.html + +Alphabet's Google plans to pay $1 billion to publishers globally for their content over the next three years, its CEO Sundar Pichai said. + +The move could help it win over a powerful group amid heightened regulatory scrutiny worldwide. +Bank Holiday ends next month, Job keeper ends next month (unless you’re unfortunate enough to still meet the newer requirements for job keeper in which case you couldn’t afford one let alone two mortgages anyway if you had an investment property as well) and current jobless rates data where I’m positive quite a few home owners are in that data. + + + +Personally I believe many home owners of both personal and investment properties are hanging on by a thread. At current interest rates the Job Keeper is probably just enough to cover a mortgage (maybe) early super withdrawal got you covered for a little bit as well maybe, but September the bank holiday ends your loans will be calling with compounded interest, a lot would have been living on credit and borrowed time to cover the difference but once the banks come knocking for their money I’m certain a lot of defaults and a lot of “investment” properties will hit the market at the very least. + + +I have close friends that work within the big 4 lending and doing corporate comms and from what is currently happening behind the scenes and new modelling data they’re doing things are not looking good based on things they’re currently working on to “brace” themselves for the sell off that’s coming. Even data shows almost 500,000 mortgages, worth a total of $175.6 billion, were put on hold as at 19 June according to the Australian Banking Association (ABA) so I can only assume since then far more have been added and then you have the jobless rates on top and you can only imagine how many jobless are home owners as well, there’s so much data out there already I just feel price drops and the bubble popping much sooner than we think is on the cards, here is another article but there’s heaps out there and data to back it. https://mysunshinecoast.com.au/news/news-display/a-million-aussies-unable-to-afford-their-homes,64131 + + +So let’s think about this for a minute, what comes next when you’re up against it? You can work with your bank to keep climbing up the mountain but you’re still going to need to pay, you can extend your mortgage but this will most definitely push up your interest as well and you’re still going to need to pay or you might be able to switch to interest only repayments but you won’t even dent your actual home repayment doing this and you’re still going to have to pay, lastly you can switch to fixed rate interest which will lower your repayments a little but again you still have to pay it. And if you’re a home owner who has lost their job and were getting the soon to expire gov support + bank holidays, well, you can’t do anything there’s only two options here, find a new job real quick or sell up. + +My point is no matter what people in hardship choose to do you have to pay something and if they can’t afford to because they were propped up on government support and a bank holiday which is ending next month and combine this with new jobless rates data where most certainly a lot of home owners are in this mix of data well you can only assume the inevitable which is bulk homes being sold off on the market I would think a whole heap especially “investment” properties will be up for grabs in the coming couple of months and with this the market will be somewhat flooded and prices will have no choice but to fall, to what degree I can’t say but putting everything together I can’t see this wet dream of property prices magically going higher and limited market stock being on the cards for some time due to the way the economy is at the moment just can’t see it happening. + + + + +Edit: So this blew up a little, wasn’t really expecting that and wanted to say thank you lots to the kind stranger for the gold! + +Also wanted to say the conversation is below is pretty fantastic, lots of actual good thought out comments and conversation I’ll read through it all after work. +https://www.theglobeandmail.com/investing/education/article-algonquin-power-dividend-growth/ + +I’ve been a shareholder of Algonquin Power & Utilities Corp. (AQN-T +2.90%increase +) for more than a decade, and it’s been a terrific investment until now. Thanks to a combination of organic growth and profitable acquisitions, the renewable power producer and utility operator has steadily increased its asset base, earnings and dividends, rewarding shareholders with double-digit total returns. + +That all changed on Nov. 11, when Algonquin posted third-quarter results below expectations, cut its 2022 earnings forecast and warned that its long-term growth targets are in doubt. The stock has cratered more than 30 per cent since then, and investors are bracing for a potential dividend cut. + +Readers have asked for my opinion on Algonquin, and today I’ll share some thoughts. I’ll start by saying that the earnings release blindsided not just investors but also analysts, whose research notes in recent months largely depicted a company that was still on a steady course. In hindsight, one of the few potential clues was the resignation, on Aug. 30, of Algonquin’s chief financial officer, a development that drew little notice at the time but which may have been a red flag. + +(Continued on article link) +Jellyfish here, I want to dive into what I view as a problem now, but is only going to get worse if not addressed moving forward. + +GameStop has an E t h e r e u m address now, that’s not speculation of fact, it’s verifiable on nft.gamestop.com 0x13374200c29C757FDCc72F15Da98fb94f286d71e + +[0x13374200c29C757FDCc72F15Da98fb94f286d71e](https://preview.redd.it/ogoml8izjs871.png?width=891&format=png&auto=webp&s=f51c65c1838b659df39907c4976a37c07bd073da) + +[Even has the logo](https://preview.redd.it/ud1q57l1ks871.png?width=709&format=png&auto=webp&s=ad700bebb212329f454452d721ea6e0af6faa477) + +But if I say GameStop’s ‘E t h e r e u m with the word spelled’ address is 0x13374200c29C757FDCc72F15Da98fb94f286d71e in a post or comment, auto-ban. + +I know it’s not as sexy as the Reverse Repo numbers every day, but this is where a sizeable chunk of the money raised from the share offerings is headed. The community should be able to show as much excitement about where our company’s money is going to be spent (in an area driving this fundamental transformation no less), as we are about where our future tendies are now. + +If we want the crypt0 dividend to deliver us to the promised land, we should be able to talk about the fundamentals of E t h e r e u m freely, as it is just as tied to GameStop now as all the macroeconomic stuff we get excited for in the sub every day. + +Like yesterday, [E T H surpassed B T C in daily active addresses](https://www.reddit.com/r/Superstonk/comments/obv6di/e_t_h_e_r_e_u_m_surpasses_b_i_t_c_o_i_n_in_daily/)! That is fantastic, and I want to know that the ultimate backend engine of our fundamental transformation is kicking names and taking ass! + +https://i.redd.it/1hp5q0s8ks871.gif + +If this were about say whatever cloud provider they want to use to power international shipping(as an example), and 1 of the big 3 was picked to power the infrastructure, and we had data for or against, you bet there would be a robust discussion. + +We need that robust discussion here on this new fundamental that the company is spending money on. Yes, they are probably going to have some awesome L2 solution to show us, but again it is all going to tie back to E t h e r e u m. + +Mods, I hope you consider changing this and potentially adding a member to the team with crypto knowledge as the lines are blurry now but they’ll be completely blurred after 7/14. + +Thanks and hope everyone has an awesome day! +Finally FTDs were released: [https://www.sec.gov/data/foiadocsfailsdatahtm](https://www.sec.gov/data/foiadocsfailsdatahtm) + +&#x200B; + +Numbers below...including GME's even though the result is not surprising. Increasing FTDs directly with GME would cause too much attention, so I've included the top ETFs with GME exposure with the number of shares held in the relative ETF sourced from [https://www.etf.com/stock/GME](https://www.etf.com/stock/GME) + +&#x200B; + +Just a note: Each reporting period is reflected in half month timeframes (ex. 1st half/2nd half). + +|*Ticker*|*Shares FTD (1st half Mar)*|*Previous FTD (2nd half Feb)*|*Previous FTD (1st half Feb)*|*Shares in ETF*| +|:-|:-|:-|:-|:-| +|GME|137,668 \[-72%\]|498,336 \[+106%\]|241,516|\-| +|IJH|178,142 \[+2,184%\]|7,799 \[+15%\]|6,739|1.75M| +|MDY|10,179 \[-82%\]|59,399 \[-80%\]|310,586|532.44k| +|VTI|196,571 \[+164%\]|74,295 \[+237%\]|21,994|414.91k| +|IJK|3,207 \[-95%\]|72,233 \[+508%\]|11,869|412.02k| +|VB|10,594 \[-96%\]|324,687 \[+16,183%\]|1,994|290.85k| +|XRT|2,840,439 \[+84%\]|1,536,339 \[-58%\]|3,666,706|34,898| +|IWB|95,112 \[+442%\]|17,533 \[+26%\]|13,846|45,949| + +**Edit:** *Just to make this huge jump more clear. Timeframe of this report is March 1st to March 15th. This is the same timeframe that GME started a decline from 125.87 to a low of 77.58.* + +&#x200B; + +**Edit 2:** *For a real in-depth analysis on IJH, check out* u/Mikeymikers0n *post:* [*https://www.reddit.com/r/Superstonk/comments/sufvav/introducing\_ijh\_the\_latest\_addition\_to\_the\_etf\_r/*](https://www.reddit.com/r/Superstonk/comments/sufvav/introducing_ijh_the_latest_addition_to_the_etf_r/) *He covered IJH a month ago, BEFORE this huge jump in FTDs.* + +&#x200B; + +**Edit 3:** *Took a while till I had a moment...work. Just added XRT in, I only added the top 5 ETF's that held GME. Source of XRT GME holdings:* [*https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-sp-retail-etf-xrt*](https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-sp-retail-etf-xrt) + +&#x200B; + +**Edit 4:** *Added IWB Sourced from:* [*https://www.ishares.com/us/products/239707/ishares-russell-1000-etf*](https://www.ishares.com/us/products/239707/ishares-russell-1000-etf)*, I didn't add some that held low amounts of GME even if their ETF had a high allocation to GME (ex. MEME). I am reading the comments so if you see one that should be added, just comment below.* +What do you think? + +I "invested" in SMT during the Covid bull run and cashed out at the top. Extremely lucky timing. + +I've been thinking about getting back in but it seems like a very risky YOLO bet these days similar to Ark ETF. + +Anybody here holding SMT? If so, why? +I’ve been able to research and understand passive investing in equities through index funds. +But I still can’t for the life of me see how to invest a percentage of my portfolio in bonds as a hedge. +Could more experienced investors give their advice on ways for beginner investors to buy bonds as part of their portfolio? +Thanks in advance. +I have a limited company setup which its sole purpose is to invest. Reason for this is because I have another trading company which is profiting a fair amount. I loan these profits to the investment ltd company. + +I believe dividends received by a ltd company aren’t taxable. This made me think - is the best way is to receive dividends and then re-invest the dividends back into the fund? This avoid tax when coming to sell the funds at some point. + +Is anyone else investing through a ltd company and is it beneficial to invest in high dividend funds instead of growth orientated funds? +Just like to catalog some of the problems that come up and the cash required to mitigate ($60k). RE is still a good investment but it's vital to keep a healthy cash reserve: + +1. Non payment of rent $10k +2. Damage/trash unit $12k +3. Abandon unit & contents $10k +4. Water leaks $20k +5. Take me to arbitration opportunistically $8k +6. Smoking inside, loud parties +7. Aggressive behaviour toward me +8. Dogs adopted without permission + +So far no fires, no deaths, no bankruptcies. + +Edit: added post with the benefits over last 5 years. +Work done till now: + +1. Start a mutual fund account with one/two AMCs and put money in the liquid fund. +2. Got health insurance. +3. Got life insurance. + +Now to the question of how to go forward about the monthly fixed/variable salaries. + +# Spending Pattern: + +The most basic rule of Saving/Investing is **Earn more, spend less.** If you are not doing that, no investment plan is going to get you off the ground. You are just digging a hole faster than it is being filled. + +Some more Terms: + +1. ATM card (=automated teller machine card). Basically, a historical thing. It was used in an ATM machine (please, I am not going to tell what an ATM machine is!!) to transact. Not available anymore, in a working condition. +2. Debit card (ATM card functions plus Can be used at merchant’s outlets namely stores, hotels, and online purchases). Since it has ATM card functions also, can be used freely at ATMs. +3. Credit card (this is not an ATM card but can be used at merchant’s outlets). + +* To use in ATM machine: please use Debit card ONLY. Never a credit card. +* To use for shopping: please either use Cash or slightly prefer a credit card than a debit card. Basically, cash > credit card > debit card. + +*How they function:* + +**Debit Card:** your card is associated with your real bank account number. And the amount currently in your bank account is the limit for that debit card. So, if the account has 5,000 rs, then you can either withdraw cash up to 5,000 or make a shopping purchase for **up to** 5,000. If you accidently tried to do a shopping of 5,001, then it will be rejected on the spot. + +**Credit Card:** your card is associated with a virtual account, which has a limit. This limit is decided by the bank/credit card company (yes, American Express is an exclusive credit card company without an associated bank, while ICICI bank has both services). This virtual account works like a postpaid mobile bill. Whatever purchases you make are added up and you are presented a bill at the end of month. You are given 20 days to pay up that bill. If you pay within those 20 days (before last date) AND, this is really important, if you pay either the full amount or any amount **more** than the bill, then GREAT. You managed to use extra money from the bank at zero cost to you practically. Continue this always. + +Never pay only the Minimum Amount Due or even 1 paise below the bill amount. If you do that, you will incur heavy charges at the rate of 40% per year (which is at least 10 times your savings bank account interest rate). + +Better still, don’t own a credit card till you are financially savvy enough. **Use Cash and be merry.** + +**Rules of Thumb with all those Sales advertisements and Big Annual Sales days** + +**Rule 1**\*:\* If you get an impulse to buy something, put a 72 hour rule between the urge to buy and the actual buy order. + +*Sidenote:* New scientific studies have shown that the serotoninergic receptors take up to 72 hours to absorb the excess serotonin secreted when that buying urge gets triggered. I could have linked up those studies, but then this is all just scientific mumbo-jumbo to really convince you about the 72 hour period! There isn’t any such study known to me. Just kidding. + +**Rule 2**: Please delete all those shopping apps from your smartphone, namely amazon, flipkart, myntra, etc. + +*Sidenote*: You just need one app – Headspace for meditation during those buying impulses. Again just kidding. + +**Rule 3**: Start automated investment setups, so that your money goes away from bank account before you can even think about spending. + +**Flexi Rule 4**: How much to Save? + +Now that we have curtailed spending and have easy setup for investing, the basic question is how much you should save? + +**The basic idea is Save as much as you Reasonably can**. If that is 60-70%, good (Pattu does that, I do that). If it is 30%, well and good. If it is 10%, again decent, since it is better than 0%. Once you start seeing results of your savings, you will get better. With better incomes, and lesser spendings and more focus, the rate of savings will increase. Don't get limited on to 10%, since that is what I have seen most recommended - that amount is seriously insufficient. + +[Part 1](https://www.reddit.com/r/IndiaInvestments/comments/9ltgni/for_someone_who_is_absolutely_at_level_zero_in/), [Part 2](https://www.reddit.com/r/IndiaInvestments/comments/9lusap/for_someone_who_is_absolutely_at_level_zero_in/) +[Part 4](https://www.reddit.com/r/IndiaInvestments/comments/9lzdcb/for_someone_who_is_absolutely_at_level_zero_in/) +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! + +Holy I am so happy to be typing this to you guys, after ready lots of posts about FIRE I decided that this life was for me. I had $2000 starting in 2017 with a networth of -$16500. After losing a roommate and having my girlfriend and myself pay for a room for 3 months before filling it, and changing jobs which promised me 40 hours then cutting mine down to 18. My finances were awful lots of credit card debt and no savings. After I solidified a Job working 48 hours a week making more than I did before I started saving aggressively to hit my goal of $0 networth by the end of 2018. I cant wait to start hitting more of my goals. + +More info: +I currently made $16 an hour as a supervisor at a restaurant making 250 in tips bi weekly for the most of 2017. + +2018 I was making $18 an hour with $370 biweekly in tips and I am getting bumped up to $19.50 in the next coming weeks. + +Thanks to everyone in this subreddit for motivation. Heres the graphs of 2017 to 2018 to see my progress https://imgur.com/a/RkFWIho +The current inflation rate is 3.8% ([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)). + +Now I'm no economist but I'm sure there's a lot of concrete data and transparent reasoning to work that out. But just from a regular person's perspective, how reflective of your experience is that? + +I understand house prices aren't included in inflation but then then, I would've thought inflation is more like 10-20%+ in the last year. + +just by looking at my own experience - everything has gone up - from costs of rent, costs of grocery bill, costs of petrol, costs of eating out, costs of buying a car or computer - it would be hard to say my daily living costs has only gone up < 4%. + +Is this your experience? +&#x200B; + +To increase the total shares authority from 300 million to 1 billion, this is the reason the company provides: + +>**The availability of additional authorized but unissued shares of common stock may enable our Board to render it more difficult, or discourage an attempt to obtain control of, the Company,** which may adversely affect the market price of our common stock. If in the due exercise of its fiduciary obligations, for example, our Board were to determine **that a takeover proposal were not in our best interests, such shares could be issued by the Board without stockholder approval in (i) one or more private placements or other transactions that might prevent, render more difficult or make more costly the completion of any attempted takeover transaction** by diluting voting or other rights of the proposed acquirer or insurgent stockholder group or creating a substantial voting block in institutional or other hands that might support the position of the incumbent Board or (ii) an acquisition that might complicate or preclude the takeover. This proposal is not prompted by any specific effort or takeover threat currently perceived by management. + +So, what do we understand from this? + +The limit increase to 1 billion shares is *not necessarily* for a stock split. The language used above makes it clear that the limit increase to 1 billion shares *is also* a "poison pill" in case there are attempts for a "hostile takeover". + +A hostile takeover? You may think this is crazy talk but it is not. + +This makes sense. Why? Let us say the price of GME tomorrow goes up to $10,000 per share, and the shorts still have not closed. If it keeps going up, Citadel and others may get drowned with prices in the $1 mil a share or $10 mil a share. To not let GME price climb that high, Citadel and its cronies may pull a "hostile takeover" stunt when GME is at $10,000 a share. GameStop wants to avoid that scenario and the 1 billion shares helps avoid that scenario from taking place. + +Look at what is happening with Twitter today. Elon's hostile takeover attempt CANNOT be ignored by the twitter board because he is essentially offering $54.20 when shares were going for only $37. + +If Citadel and others offer $20,000 a share when GME is at $10,000, that offer too CANNOT be ignored by the GME board. You know, fiduciary duty, and whatnot-- all the rules that are in place. + +So, increasing the allowed shares issuance limit from 300 million to 1 billion essentially is the "poison pill" that GME board has come up with. If we (GME shareholders) approve the increase to 1 billion shares, and if Citadel and its friends attempt to buy out our favorite company at $20,000 a share, the GME board will simply say "alright, time for a stock split then and give our shareholders 7 shares for each 1 they already have." + +This way, if Citadel wants to buy out GME, they will have to pay us 7 times whatever their offer is going to be. (Yes, I know the price will be diluted 1/7th but it will go right back up if nobody is selling) + +Genius move. + +As a GME shareholder, I approve of this "poison pill." + +\-------- + +EDIT 4: Two quick comments: + +First, I can see from the comments that people think my "hostile takeover" take is flawed and it has no chance of happening. Well, to be honest, my only fear this whole last year as a GME shareholder has been that of a hostile takeover. If it comes time for Citadel and others to pay us what is due versus a hostile takeover of the company, what do you think Citadel and its friends would prefer to do? A hostile takeover was always in the cards for these crooks. That is why I got excited when I saw Proposal 5. FINALLY, our favorite company also recognized the threat and decided to act before it's too late. Proposal 5 allows the GME board to reject hostile takeover attempts. + +Second, I also see people saying this kind of language (Proposal 5, in this case) is "standard" and that all companies have these kinds of provisions "all the time." Well, if this kind of action is so common and companies have it all the time, how come this is the first time we apes get to vote on this issue since our buying of GME shares these last two years. Why was this Proposal 5 not in our last year's vote? My guess: because a hostile takeover was not in the talks last year. Right now, it probably is being planned by our enemy SHFs. That may be the reason why the GME board wanted Proposal 5 drafted and passed. Remember, someone somewhere always knows. My guess is the GME board knows hostile takeover attempts are being made and wants to be protected against those attempts. + +EDIT 3: I see so many people mentioning SHFs cannot afford to do a hostile takeover at $20,000. The $20,000 I mention is simply an example. You never know what the SHF crooks are planning. They could be planning a $250 takeover TODAY ("we are offering a very generous $100 over the current $150 trading price" they may say, just like what Elon said about his $54.20 offer when Twitter was trading at $37). $20,000 is simply an example. My main argument is that GME board went to great lengths to draft Proposal 5 and wants it approved so it can prevent anyone (Blackrock?) from trying to do a hostile takeover. + +EDIT 2: I am also just now realizing that I have Snek awards on the comment that seems to be downvoted the most. Does that mean getting awarded a Snek is bad? + +EDIT 1: Just so you all know, I am getting heavily downvoted in this post. + +&#x200B; +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I decided to sell most of my stocks today low 6 figure account. Why? Well Its not because I think we are going to crash (although it does seem like the markets too optimistic at the moment) but cause I realized I've made alot of mistakes investing. + +1. 25% of my portfolio were in "speculative" stocks +2. I had too much of my net worth invested and thus caused me to lose sleep each night. +3. I have alot to learn about investing and choosing the right companies. In the past I just bought stocks without doing thorough research and finding good price entry points. +4. The most recent crash made me realized I was in a bad position because I did not have any more money I was willing to put in the market. I saw many companies at steep discounts but I did not have any "cash to buy". + +Moving forward I need figure out a solid investing strategy. Also need to figure out my risk tolerance to reduce my stress. Worrying about the market everyday is unhealthy. Make a list of companies I bought want to invest in so that when they do go on sale, I can be ready to buy them in increments. + +I still hold 40% in good companies like amazon, google, Facebook, etc. (Tech heavy but going to keep this until retirement 20-30 years down the road). + +Anybody else in the same boat? What are your plans moving forward? Has anyone else been over leveraged and had to hit the stop button and reset? Let's hear your thoughts, stories and recommendations! Thanks in advance. +I am 43, 2 kids, I am breadwinner, wife is a good woman but knows zero about finances or cares. + +1. I currently have $2.5M Brokage Stock Account, mostly value stocks that I learned from Warren Buffett (From a high of $3.2M) +2. I have a paid for house ($750k) +3. I have a RE condo worth ($250k) +4. $500k in 401k + +I make around $200k gross (software engineer), I am a negative person and always worry about losing my job and unable to find another one. + +We have 2 very old cars, both are over 120k miles, I want to get a newer car, but the used car prices are crazy. + +Is there something wrong with me? + +&#x200B; + +Additional Information: + +I sold a website(side hustle) few years ago and got $1M out of it, that explains my net worth. I only make $150k and $50k is from Stock Dividends. + +I am a little bit depressed because I thought after selling the website, I can repeat my success, but time after time, it's failure after failure. Maybe it was a one trick pony, and I got lucky once. + +I am not a penny pincher, we actually spent all my salary money besides the dividends and maximizing my 401k, kids are not cheap, and I have no mortgage. If I have to buy a new car, it will have to come from the stocks. + +I came from immigrant family, my dad was very strict with money kind of abusive at times, don't even want to pay $10 for a school field trip, maybe that had impacted me a lot mentally, He saved about $200k in cash but only lived until 49 due to cancer. He worked very hard, and never really get to enjoy life. + +I never had anything growing up, I was told never to waste money, but i really don't want to follow his footsteps. + +If I make $500k per year, I don't think I will have a problem spending more money. + +Thanks for the great and thoughtful replies. +Remember that headline about Kenny returning 7 Billion to his clients because 'sources familiar with the matter' say his fund performed so well? + +Remember when his clients wanted to cash out and he blocked them? Due to his contract with his investors, they were only allowed to withdraw a small percent each quarter, if you do the math, it shows they withdrew the maximum amount they could. I'm sure if they wanted to leave fully, they would, but legally they cannot. I wouldn't be surprised if more of these headlines appear in the coming months. + +Thats how easy it is to spin a negative into a positive. + +Paid media headline = "Ken Griffin performs so well he returns 7 Billion to clients" + +Actual reality = "Investors withdraw 7 Billion from Citadel" + +A side note I wanted to mention which I see a lot of people get wrong. Citadel is the parent company, which owns two subsidiaries, one being Citadel Advisors (The hedge fund), the other being Citadel Securities (The market maker). It is Citadel Securities that is short GME (65 Billion+ in shorted securities) not Citadel advisors or Citadel. So when you hear news of Citadel doing well, they are attempting to refer to the hedge fund arm. The market maker arm is NOT doing well. So bad in fact, kenny had to sell some to Sequoia Capital and Paradigm. He also sold bonds that were rated as junk bond status and took on multiple loans/debt. + +disclaimer = These are my own opinions and not financial advise. +But then August comes, the price is now $50,000,000. Your finger gets itchy. "What if this is the peak?" You think. You press "sell" on half of your portfolio and you're immediately filled with regret. You feel like after a one night stand with someone horrible, you feel used. Dirty even. You cry in the shower because you know you've been ripped off. Apes call you a paperhanded bitch. + +Now it's september the price of a GME share is the same as a small countries GDP. You sell your last 5 shares and become the first billionaire of your village or town. Apes call you a paperhanded bitch... Again. + +It's now December. GME is trading for entire nations! You wish you'd held out for Japan, but now it's owned by the Ape Weeabo Consortium. 6 apes with 4.2 shares between them. With your .02 shares you can only afford Iceland. Fucking Iceland man, middle of nowhere fire country with zero Wendy's. + + + +You cry in your 6th lambo knowing that if you'd held you would have been able to afford the western hemisphere. + + +Don't be the ape with regrets. + + +TL;DR: Japan is the new floor. + + +Reposted and updated from my original on GME. + +Edit: Love yoy all! Some awesome comments! +Apple loses $1 trillion status for now as coronavirus fallout slashes market + +Apple’s stock dropped another 3% which put the company below a $1 trillion-dollar valuation. + + +https://9to5mac.com/2020/03/23/apple-loses-1-trillion-status-for-now-coronavirus-fallout/ +I have a very small number of shares in private holding companies that I inherited from my grandfather. I've looked at financial statements and the company secretaries have provided a price for accounting purposes that values the stake at about $5 million. This represents a very small share of the company - less than a thousandth of the company. + +The dividends being paid out are very very minuscule relative to the price quoted. I was thinking of trying to exit this position to consolidate my finances and maybe just deploy the money in some index ETF where my control over the access was better. + +I figured that my only option was to talk to existing management in hopes of being bought out. Is this a feasible thing? Some of the management is extended family that I'm loosely acquainted with, but we're not very close. I'm worried about possibly giving offense for wanting to cash out. + +Does anyone have any advice on navigating this? Should I be holding on and collecting the dividend and never selling? I'm worried that as time goes on, I won't know anyone left in the company and have a difficult time talking to someone about potentially exiting. +As scheduled, CSO released the first GDP figures for Q4FY20 - Jan '20 to Mar '20. + +GVA grew at 3% in Q4, compared to 3.5% in previous quarter and 5.6 in prior year Q4. + +Manufacturing degrew about 1.4%, agriculture grew 5.9%. + +Q4 has about 3 weeks of COVID-19 induced slowdown Q1 of FY21 would show the full impact of the pandemic. + +More details [https://www.livemint.com/news/india/covid-19-impact-india-gdp-growth-at-3-1-in-q4fy20-11590751970512.html](https://www.livemint.com/news/india/covid-19-impact-india-gdp-growth-at-3-1-in-q4fy20-11590751970512.html) +Yesterday I saw a post about someones trade not showing IEX as the route when using TD Ameritrade. + +Post here: + +[https://www.reddit.com/r/Superstonk/comments/p6vsaj/anyone\_else\_on\_tda\_seeing\_their\_iex\_routed\_orders/h9gag5k/](https://www.reddit.com/r/Superstonk/comments/p6vsaj/anyone_else_on_tda_seeing_their_iex_routed_orders/h9gag5k/) + +There's an even older post on this topic from 4 months ago: + +[https://www.reddit.com/r/Superstonk/comments/mq9rs1/i\_tried\_the\_iex\_trading\_through\_td\_ameritrade\_and/](https://www.reddit.com/r/Superstonk/comments/mq9rs1/i_tried_the_iex_trading_through_td_ameritrade_and/) + +Having used TD Ameritrade for some GME purchases that same morning, I checked my transaction history and, sure enough, my trades also listed CDRG as the route. + +CDRG is a part of Citidel: [http://help.tradestation.com/09\_01/tradestationhelp/routes/cdrg.htm](http://help.tradestation.com/09_01/tradestationhelp/routes/cdrg.htm) + +I sent this message to TD Ameritrade support through their help system online: + +>Subj: **Trades placed today were not routed correctly.** +> +>Trades placed today were supposed to routed through IEX but we're routed to CDRG. My selected route is set to IEX, and routing them otherwise is a violation of FINRA rules. + +And this is the response I received today: + +>Hello REDACTED! +> +>I hope you are having a great day! My name is Amanda and I am happy to assist you today. +> +>Thanks for reaching out about this so we can clarify. We have no way of directly routing the order to IEX, so when you choose that as your option for direct routing it is sent to Citadel who routes it to IEX. The order is routed to IEX per your instructions, but it is done so by passing through Citadel first. +> +>Hopefully this helps clear it up, but if you have additional questions arise feel free to reach back out! Thank you for trading at TD Ameritrade, and I hope you have a great day! +> +>Best wishes! +> +>Amanda REDACTED +> +>Trader Support, Trader Services +> +>TD Ameritrade 800-672-2098 +> +>TD Ameritrade, Inc., member FINRA/SIPC. +> +>Not an offer or solicitation to conduct business in any jurisdiction where we are not authorized to do business. Communications may be subject to review. + +So clearly, the IEX routing that TD Ameritrade offers is dishonest at best, and blatant manipulation to trick investors at worst. + +Thoughts? Is anyone else seeing similar things? Is this something that should be escalated to FINRA or some other authority, since obviously, my trade was NOT routed directly to IEX as I was led to believe. + +Edit - adding screenshots of messages and order ------------------------------------ + +Response: + +[https://i.imgur.com/NXs9fDL.jpg](https://i.imgur.com/NXs9fDL.jpg) + +Initial message: + +[https://i.imgur.com/yfKk9hj.jpg](https://i.imgur.com/yfKk9hj.jpg) + +Yesterday's Order: + +[https://i.imgur.com/ju4onuV.jpg](https://i.imgur.com/ju4onuV.jpg) + +My preferences set to IEX: + +[https://i.imgur.com/ucaaMWw.jpg](https://i.imgur.com/ucaaMWw.jpg) +Did you join another one? Work for a big company? How were you able to fatFIRE in spite of the failure? + +EDIT: Thanks for all the great responses everyone, this is definitely valuable to me thinking about the future! +So there's the real reason Ken is suddenly fleeing Chicago: he knew his guy was going to lose (before it happened) and he's losing his corrupt puppets there. He's afraid of a crackdown in Chicago so he found some corrupt Miami politicians and a "clean slate" there instead. + +Miami, the state with the city that was entirely built on Colombian cocaine money in the 80's. What a sophisticated choice! + +[https://www.chicagobusiness.com/greg-hinz-politics/billionaire-ken-griffins-illinois-candidates-lose-2022-primary-election](https://www.chicagobusiness.com/greg-hinz-politics/billionaire-ken-griffins-illinois-candidates-lose-2022-primary-election) + +&#x200B; + +PS: the US is a fkcing joke. +There are so many posts about the missing 1M volume that I am becoming suspicious that it is being used to distract from some amazing info we received yesterday. If you want to really get your tits jacked, go read [the new DD](https://www.reddit.com/r/Superstonk/comments/n5me5g/the_mother_of_all_wedges_an_endgame_dd_technical/) from u/WardenElite or read some of [the testimonies](https://www.reddit.com/r/Superstonk/comments/n5ne55/huge_tomorrow_congressional_hearing_testimonies/) for tomorrow's congressional hearings. + +I know some apes don't like to hear it, but we need to use [Occam's razor](https://simple.wikipedia.org/wiki/Occam%27s_razor) sometimes. The wild theories about the missing 1M shares confirming that Citadel has been margin called just make it seem like all the great information uncovered in this sub is just as speculative. + +There is so much reason to be hyped right now. Let's make sure fellow apes see the best information to confirm our bias. There are too many damn negative 1M volume posts. + +Tits jacked and ready to moon 🚀🚀🚀 + +Edit #1: + +I forgot to add that the S&P upgraded GME's credit rating from B- to B yesterday 🚀🚀🚀 + +Edit #2: + +Link to SEC hearing starting at 12:00 PM ET https://financialservices.house.gov/live/ +Just looking at how this is all going and some of the tragic posts on this sub it feels like after this blows over there's going to be a half of society who kept their jobs & worked from home and who basically suffered very little impact - and the other half of society whose businesses folded, lost their jobs, wiped out their savings, maybe even become homeless and perhaps their entire business sector has been decimated with massively reduced job prospects. + +I'm thinking there's either going to have to be one hell of a stimulus/support package or, well, it's not going to be pretty. + +EDIT: Yes I know there's *already* a gap, I mean it's going to get much much bigger. +Like everyone I came for the memes and the money. Over time like everyone here I read and learned more about our financial system. I have had this sense of inequality, unfairness and "something is wrong" for most of my adult life. And like most people I have had the demoralizing feeling that it doesn't matter, that we can't change it anyway - but that's what they want us to feel like. + +We can change things. We are. First through awareness, through their own rules and tactics, and maybe soon through the sheer volume of our movement. + +I'm just posting this to get it off my chest. **I no longer care about profits on GME. All of that money has become an investment in structural change.** I will hold as long as it proves a point, as long as it puts the financial elite in trouble. I will keep holding, upvoting and participating in this community just to help keep it active. To teach more people about the crippling unfairness of our global financial system. I want our community to grow so much GME becomes the most well-known stock on the planet. That Gamestop and superstonk become a testament to change, to anger, to the little guy being fed up and taking back what's rightfully theirs. + +I want change. I want all of it. **I want our economy to belong to us again - for it to support and nurture the people that keep it going - instead of it being designed to suck us dry.** And maybe I'm delusional, maybe I had too much to drink and not enough sleep. And maybe this is all just too much for a retarded ape to deal with. But I hope there's the smallest chance that that's just what we need to force things to become better.. A million angry apes that are just fed up and can't deal with it anymore. +My car loan was paid off by the maturity date. Today, I was reported by the bureaus that I have a late payment. My scores dropped significantly into the 600s. What can I do to report this error?? +Some background, I am 27 working as an Accountant (industry, no CPA) in a HCOL area making about 70k/year pretax. Last year my expenses were split about 35% needs, 15% wants, 50% savings. No kids/house and no plans on either (spouse agrees) I discovered FIRE about 3 years ago but thanks to family being financially knowledgeable I have been investing since 21 when I entered the workforce + +Something that is often talked about is how especially in the early years, the growth of your portfolio has more to do with contributions than how the market is doing. Because of this, it seems like the fastest way to "jumpstart" your FIRE journey is to save aggressively for many years early on and then once compounding starts to have more of an impact, back off some and let your money work for you. + +This is where my conundrum comes in. At what point do you start to back off? One year of aggressive savings early on can easily shave several years off of FIRE and early in life the future value of a dollar is incredible. This can often make it hard to justify buying things with a higher price tag such as trips, upgrading my computer (6 years old), etc. I have found in the short term this isn't a big deal, but over several years it starts to wear on you. I am not miserable, or anything, more just feel like I live in a bit of a groundhogs day, and considering how even a couple more years of this could shrink my fire date by 5+ years it can feel hard to justify lowering my savings rate by anything significant. + +Have any of you dealt with this? The one more year syndrome of a high savings rate early in your saving careers? How did you start to wean yourself off to something more "reasonable". +My wife recently completed her residency training, and has a contract for her first real job. + +She is expected to earn around 300k and will be an independent contractor working remotely from home (radiologist). + +420k in student loans. We plan to live on 100k/year and contribute everything possible towards paying off the loans ASAP and maxing out retirement contributions. + +No consumer debt or car payments + +We’re planning on living in a state with no/minimal state income tax. Likely Washington, Nevada, or possibly Colorado. + +If we were to buy a home, adding 500k in debt sounds very daunting... But I hate the idea of renting for years while we get her loans paid off. It feels like throwing away money to me? + +Any advice would be greatly appreciated. We tend to lean towards the Dave Ramsey style of money management and our goal is to have the student loans paid off in 4-5 years, then start making better contributions to our retirement plans. + +Edit + +To answer a few common questions: +-We have 2 little kids +-We planned on renting for a year or so after relocating to get a feel for the area and make sure we like it. +-500k is the higher end of average for a 3 bedroom house in the areas we’ve considered. Some places you can’t find a 3 bedroom house for less than 500, others 500 is an incredible amount of buying power. It’s not a number we *plan* on spending, but I thought it best to give the example with a higher purchase price +What's good my fellow apes, its yo boy letthebandplay777 with a crucial update to my FOIA Request to the CFTC. As some of you know, about 3 weeks ago I submitted a formal FOIA Request, reaching out to the CFTC in relation to documentation and portfolio holdings for any total return swap and future roll over contracts being held by the major institutions that are short GME. + +&#x200B; + +I received a response today from the lawyer of the CFTC : + +"The Commodity Futures Trading Commission is continuing to process the attached FOIA request you submitted on August 31, 2021.  Upon inquiry with the CFTC’s staff offices,  we would like additional clarification on the specific records you are seeking.  + +Are you available anytime this week for a brief phone call to discuss your request? + +Thank you," + +This is my first time doing this dance with a FOIA Request and I honestly did not expect to get this far, so I would love the assistance of some of our top wrinkles for this. I have come this far and they are ready to produce the materials, it sounds like they want super specifics regarding exactly what derivative positions I am asking to see. + +I plan on doing my homework now, and setting up the phone call for this Friday. I need to come correct because these guys are going to fight tooth and nail to give up the documents and we can't let them keep it a secret. + +Now where EXACTLY under the umbrella of the CFTC do Total Return Swaps/Future Rollover contracts fall under and during what exact time periods should I be looking for? I will post a copy of my original request and you guys can help me condense it further into a silver bullet that they cannot spin their way out of. + +"Dear Commodity Futures Trading Commission Under the Freedom of Information + +Act, 5 U.S.C. subsection 552, I am herby requesting information relating to all + +forms of Total Return Swap documentation, contractual obligations, percent of + +portfolio holdings, and or agreements, as well as the terms of agreement, + +through the dates December 1st, 2020 through June 1, 2021; relating directly to + +the following counterparties; The CFTC, Citadel enterprises LLC, Citadel + +Securities, Citadel Technology, Susquehanna International, Susquehanna + +Securities, Capital Ventures International, Susquehanna Advisors Group , CVI + +opportunities fund, G1 execution Services, Darby Financial services, Melvin + +Capital, and Point 72." + +This is my original request, its a wide net and I knew they would want more specifics. However I did NOT think I'd be talking on the phone with the lawyer from the CFTC. Any help you guys can give me would be fucking awesome. If I can secure this information we will have undeniable and clear proof once and for all that SHORTS DID NOT CLOSE their positions. + +God Speed Apes + +Letthebandplay777 + +EDIT/UPDATE: Hey my fellow apes, just checking in with a fresh update. I originally planned to call them today however my schedule could not accommodate that, so I officially scheduled the call for Tuesday next week! I just wanna thank everyone who reached out to me for advice and will give a major shout out to once I get a chance to reply to them! +So I live in poverty, (preaching to the choir), I make about 1400 a month, and receive around 500 for child support. I have two kids, and my bills (survival:rent, electric, water, meds and insurance premiums) leave me with around 450 for groceries and incidentals. I’m usually able to stretch this to last all month by cooking from scratch and being very frugal. It’s tight at the end of the month, but it’s ok. + +I’m so used to struggling. I have student loans I can’t afford to pay monthly so my tax returns have always been applied to the debt. It’s chipping away at it fast, but I don’t get those awesome refund checks that help so many families. I’m down to owing less than 5,000 at this point, but I cannot go back to school. I’m disabled and my challenges are not compatible with trying to be a serious student and single parent. + +I was recently given approximately 20,000. +I’m scared. I’ve never had that much money, and I know it’s a chance to make some really big changes for my kids and I. It’s a lot of pressure and responsibility. + +I need help with decisions regarding what I should do. + +I need a car. I live in a very cold place and the kiddos and I have been walking everywhere through the snow, or riding the bus. Bus trips with little kids are difficult. Bus trips with sick little kids are really difficult, add in some groceries or stops to the pharmacy/doctor office/ect and it becomes really stressful and overwhelming for all of us. Ideally, I would be able to find something that would last 5-10 years for under 10,000. I’ve found a Ford Fiesta 2017 sedan with under 17,000 miles for 9,400. There is a warranty included, it’s from a large dealership and they do cash discounts. I’m really thinking this car would be safe, fuel efficient, fairly inexpensive to repair, decent on insurance costs and would definitely last for around 150,000 more miles. I live in a smaller town, and I would likely put approximately 250-350 miles on it a week, which would make it around 8ish years of use. Is this smart? + +My next idea is- maybe finishing paying off those student loans? I could not return to further my education and I have a disability that will only get worse. I will be unable to work eventually. I feel okay letting my “return” checks handle the debt, seeing as it still gets paid off and I would not get more benefit from paying it now. + +Next, and I know it’s fairly small but my local homeless shelter needs towels, and the domestic violence shelter that took myself and my kiddos in during the worst of times is in need of personal care items and baby clothes. I would like to donate 100 worth of towels to the homeless shelter, and 250 of items to the DV shelter. I know it’s small compared to everything else, but I don’t know what I would have done without the support we received from them. They gave us safety and gave me freedom. Two years ago I had a duffel bag with all of our belongings, today we have a 3br 2ba place we get to call our home. It’s modest by most standards, but it’s a dream come true for us and there isn’t a moment when I don’t feel extreme gratitude. + + +Lastly, I want to consider bankruptcy. I’ve been on my own since I was about 15, and because I was an uneducated and impulsive teenager, then twenty something I made dumb financial choices. I have payday loans, a few credit cards and more medical debt than I want to admit. My credit score is 585. I don’t have enough monthly surplus income to pay down debt the way I ideally would like to. If I have a good vehicle and I stay in my current home, I should not need a line of credit unless something completely crazy happens. Around me it looks like a simple bankruptcy runs about 1,800. + + + +I really don’t know what to do and how to best set my kids and I up for success. I’m unlikely to ever have this kind of money again and I realize how incredibly privileged I am to even have these worries. + + +Friends who are more informed, smarter and more creative, what are your ideas? +I am seeing an influx of people pushing VERY hard. This sub has a history of pump and dumps. Don't get duped, always do your research! + +Edit: Not saying that this is a bad/illegit company; I want a Canadian company to succeed too. But, what I don't want are people taking advantage of others. Don't be mistaken that this company will be the next Beyond. Beyond was pretty popular before it even IPO'd. They had a legit R&D laboratory, dealings with fast foods, backing of Silicon Valley VCs, and IPO'd on a major exchange. Whereas this brand, I only heard of it just now. If you are ever tempted to fall into the trap, just look into WILD and GNUS, and where they are now. +Hi Guys! + +This one is for anyone new here: + +The stock market is the world's most powerful tool for building wealth. But until recently, it's only been accessible to people that ALREADY had wealth. + +However, Index Funds have become a vital tool for getting access to the stock market and enabling anyone, even absolute beginners, to build world-class investment portfolios with relative ease. + +In this sub, you'll hear a lot about index funds and, in particular, Vanguard Index funds. But it's sometimes not clear exactly what people mean by that. So I've created a [guide](https://youtu.be/aL-GgWkA25Q) to help anyone new here get up to speed on all things index funds. So in this video, you will learn: + +&#x200B; + +What index funds are + +Why you need them + +How to buy them + +What to look out for when you do + +2020 saw more people start investing than in any other year in history. And if you, too, are just starting out, it can be very tempting to dive straight into a bunch of meme stocks. Please don't. In the video, I'll take you through why it's a bad idea to invest in individual companies and why you should instead be looking at index funds. + +&#x200B; + +[You can watch it here](https://youtu.be/aL-GgWkA25Q), and I hope you find it helpful! + +&#x200B; + +(I put a lot of effort into creating this content, and the only real reward is when I hear that it's helped someone in some way. It's super hard to keep motivated, so please have a thought, both for me and the people that may find this helpful, before auto down-voting this for self-promo. Cheers!) + +Edit: Wow thanks so much for the awards, you guys have made my year! I’ll try get the next video to you ASAP! +I’ve seen a lot of posts here about how those who fatfired handle relationships with friends and family but haven’t seen anything on how people handle explaining to their kids why they are not working. For background we’re quite fat but not retired yet and are planning to retire in a few years (will be in our early 40s once we do). We live in a well off neighborhood but definitely well below our means so we do not seem rich to our kids or anyone else. We want our kids to grow up with a good work ethic and achieve something in life on their own so not sure what kind of example it would set if we just didn’t work. Our kids will be 6 to 10 years old once we retire in a few years. What has worked well for you or what problems have you had with your children after you retired and your kids saw you not working when all the other parents are working? +So three months is in a high yield savings account and the other half I am investing. My wife thinks I am dumb for putting half in the market but I don’t like the idea of all that money just growing at 1.5% instead say avg. 10%. + +Edit 6 hours later: First, thanks for all the great responses! The consensus so far is "It Depends." Circumstances such as job security, family status, overall risk tolerance, and liquidity play a part in deciding. However, when you begin to invest any money, whether for emergencies or not, it does lose some liquidity and introduces some risk, so it it really fair to call it an emergency fund? However, some noted that you could always use a card to pay for the emergency while you are selling out of stocks. Again, that would be user preference. + + - Plan: Discuss with wife what she is comfortable with --> probably end up moving from 50/50 to more like 70/30 (70 being savings). +Some basic stats: + +* 30M, married w/ a 1-year old +* Plan to have 2 more children in the next 4-5 years +* NW: $1.67MM +* HHI: \~$400k +* FatFIRE #: $8MM (recently bumped up from $6.425MM) + * Given the trajectory of my company, I think we can realistically achieve this in \~7 years. + +I have worked in the tech sector at a successful company for the past 8 years. The company is located in a VHCOL city, but I have been living remotely and traveling occasionally (2020 notwithstanding) in a HCOL city that my wife and I absolutely love (strong friendships here, love the actual city). + +I am currently contemplating changing jobs. This is pretty new, since I have been intensely into the company and devoted to the mission, but I think having a kid has made me re-think my priorities. I also don't really see a great path for career development in my particular case, mostly because of being remote and trying to balance work/life. I can feel myself falling a bit behind when compared to my peers who don't deal with either of those things. + +However, I doubt that where I currently live I'll be able to be matched on total compensation. Salary-wise I doubt will be an issue, but my equity vesting tends to be 100-150% of my annual salary, and that'll be tough to replicate. + +**When I think about my priorities, I think I see getting to the FatFIRE number higher than my personal career development. Do people here think similarly?** I'm a little worried about what this means about my overall motivation in life, and how I'd react to a new job (in the case that I'm let go, not allowed to be remote anymore, etc.). But I do primarily see the point of having the job as a means to an end to allow me to get to a point in life that I want to live. + +Having a child has been a real life-changer (not surprising), but if I have the opportunity to keep my head down and battle through for the next 5 years in order to really set myself up for hitting the number, I can see my wife and I be able to take more advantage of spending time with children before they become teenagers. And to me, that makes sacrificing some of my career development worth it. + +I get a lot of good content on this sub with like-minded people, so I'm super curious to hear if others have faced similar challenges and how they have worked through it. + +Thank you for reading. +Hi all, + +I’ve been on a pretty good track, but as I’ve been assessing some of my potential costs in later life, I’m starting to realize my initial targets may not be nearly enough. + +I come from a family where education is highly promoted. My parents paid for all my schooling so I was able to start off on an amazing path and become technically FI Before 30. I was looking recently at the cost of my lower, middle, and high school, and the cost was roughly 25k a year on average over 12 years. With college, I attended a top private university that was another 45k or so a year, with no scholarships. They also offered to pay for medical school Or post grad if I went down that path which is another 70k a year (they didn’t have to since I had all my post grad covered by my company). All in for education alone you’re talking over a million per child. I absolutely intend to do the same for my children since it opened up so many doors, and I feel it’s my responsibility to pass on my good fortune. + +That being said that’s a tremendous amount of savings that would greatly chip away at my prospects of retiring early. I’m curious about: + +1. How much to you plan to spend/save for your child’s education? + +2. Do you think there are drawbacks to spending less on their education at certain points in their life (e.g. private school, post grad) +While the title is vague, I mean more specifically Marxian and post-Keynesian economics. What exactly are the criticisms and flaws in these schools of thought that stop them from being accepted in mainstream, academic work? They certainly have their own flourishing journals, but with little dialogue from opposing schools outside of fellow heterodox travelers. Specific books, papers, and economists who are critical of these schools of thought (preferably from a "mainstream" perspective) would be appreciated. Any other critiques of heterodox schools are welcomed, as I seek to understand just why exactly these schools are rejected. (I understand schools of thought isn't really a great way to frame economics, but it is how heterodox perspectives portray the divisions within econ.) + +Marxians might include: Paul Sweezy, Maurice Dobb, Paul A. Baran, John Roemer, Anwar Shaikh, David Laibman, Samuel Bowles, Robin Hahnel, Michael Albert, Duncan K. Foley, Pat Devine, or Michel Aglietta. +Post-Keynesians might include: Paul Davidson, Joan Robinson, Nicholas Kaldor, Luigi Pasinetti, Hyman Minsky, Piero Sraffa, Michal Kalecki, G. L. S. Shackle, Marc Lavoie, or Frederic S. Lee. +Drove by a for sale by owner sign on some land the other day up in the mountains of NC. I checked out some of the property and the forest is very thick. Called the guy up and he informed me it’s 41 acres at $8k per acre but he’s negotiable. + +So seller is wanting around $320k. He also informed me that he was quoted around $20 per ton from a local mill to harvest the timber. He said he’s just too busy to deal with all of that and the land has been in his family for multi generations and wants to get rid of it. + +Anybody ever harvested timber? I wouldn’t want to clear cut, as I’m kind of a tree hugger. But even if the 41 acres was thinned it seems like there’s potential multiple hundreds of thousands of dollars in timber sitting there. Seems like a too good to be true scenario as it could potentially make all my money back plus some. + +What am I missing? Has anyone harvested land and if so how much can one expect? Are my numbers off? + +TL;DR: 41 Acres for $320k. Can potentially make all that money back if I harvest the timber on the land. Has anyone done this before? +Hi There, + +&#x200B; + +Saw a similar post in r/financialindependence. + +&#x200B; + +So, from an Indian spending/investment point of view, what were the major mistakes that you made during your 20s-30s? + +In the hindsight, what you should have done differently instead? + +&#x200B; + +Thanks in advance. +Tangerine charged me $45 for transfer out but BMO has decided to charge three times. + +I am wondering if this is big banks' way of discouraging users from transferring out to no or low fee brokerages. Are other banks like TD and RBC equally brutal? +Idk who needs to hear this. + +Almost everything the DRS DD has predicted is coming to fruition. + +The DD has always said that GME will not moon until the market (and Citadels collateral) crashes. + +The point of DRSing is to removed shares from DTC/Cede and co. custodial care. + +The DD on DRSing has always said that DRSing will lead to the ♾️ pool. + +As more shares get removed from DTC/Cede and co custody the stock becomes more illiquid. As that happens **it becomes easier for SHF to drop the price on fewer volume**. + +This is all part of the DD. This is the dip before the rip. + +Buy. DRS. Hold. + +**Edit** + +Remind me, when did the DRS campaign really pick up steam? + +Summer of 2021, right? + +Take a look at this. + +www.reddit.com/r/Superstonk/comments/t629e1/today_was_9th_lowest_volume_in_the_last_5_years + +You see that? + +**All 10 of the lowest volume days in the past 5 years of GME trading have happened in the past 7 months**.(summer of 2021) + +DRS is working. Stock is drying up. + +TickTok. + +Buckle up. +The previous price cap by Ofgem before today's announcement was set at £3500+ + + +This will stay fixed for 2 years until October 2024 but will be apparently reviewed every 3 months - it will go on top of the £400 one-off payment granted by the government. + + +if you have negotiated a fixed tariff within the last few months it might be worth re-reviewing it! + + +[https://www.bbc.com/news/business-62819846](https://www.bbc.com/news/business-62819846) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +My main job requires a certain level of mental acuity and restrictions to my workday that can make overtime difficult, so I'm looking for ideas about what I could potentially do that's different on the side. +From the article: + +> Sources close to the Chinese Government have told Asia Markets a deal that will see China Evergrande restructured into three seperate entities is currently being finalised by the Chinese Communist Party and could be announced within days. + +> State-owned enterprises will underpin the restructure, effectively transforming the property developer into a state-owned enterprise. + +> “The deal is being designed to protect Chinese nationals who have bought apartments from Evergrande, like the ones you see protesting on the streets and also those who have invested in Evergrande’s wealth management products,” the source said. + +https://asiamarkets.com/imminent-china-evergrande-deal-will-see-ccp-take-control/ +**Kept** + +- National Insurance cut +- Stamp duty cut + +**Scrapped** + +- Dividend tax cut +- Corporation tax cut +- Income tax cut +- 45p tax rate abolition +- Alcohol duty cuts +- IR35 changes +- VAT-free shopping for tourists + +The energy cap will only continue until April 2023 (six months, rather than the two years original promised), and in the meantime there will be a "review" on how to support people. + +--- + +Note that this list is based on what he explicitly stated - there are lots of other policies in the previous budget that didn't get a mention. These are *presumably* staying, but we won't know for sure until the budget at the end of the month. +If you haven't heard of Bonfire, we should probably fix that. + +The head of marketing has made a public statement that he has a minimum goal of a $1 billion market cap ([Proof](https://www.reddit.com/r/BonfireToken/comments/nyauxy/stay_cozy_message_from_head_of_marketing/)) which is a 20x right there. + +This project is here to stay, so for those of you that haven't yet discovered this gem, here's a recap of the **INSANE** progress this team has made in under two months: ​ + +\* ATH market cap of over **$600 million** 🔥 + +\* Awesome team of experts from crypto and business to marketing and [design](https://www.notion.so/Weekly-design-update-7th-June-2021-7daca69f5832407b858ecf5faa4d5974) + +\* Bonfire mobile app and FireStarter ICO platform will be released this month 🔥🔥 + +\* New corporate entity Kindling Technologies, Inc. backed by **venture capital** + +\* Developing full crypto-based social network ecosystem with major use cases for the token + +\* Major **marketing** 🚀 on all channels and with tons of influencers beginning in the next few days + +\* Integrations with 🔥 **ChainLink** 🔥 coming soon + +\* Plans for NFT minting tools and marketplace, FireSwap exchange, and other platforms + +\* **250x total returns** and **30% total reflection gain** to date! + +\* Watch the [project update](https://www.youtube.com/watch?v=gW5k4xdTvCo) from June 16, 2021 There's probably more here that I can't recall off my head but... you get the picture. + +Get your stash of Bonfire while you still can (I know I have) because soon it will be too late. + +This isn't your average one-hit-wonder. This is the crypto you should have been watching the past two months... because now that the market is heating back up, it's time for Bonfire to burn **bright.** + +Contract: 0x5e90253fbae4dab78aa351f4e6fed08a64ab5590 + +[Website](https://bonfirebeta.net/) + +[BSCScan](https://bscscan.com/token/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590) + +[CoinMarketCap](https://coinmarketcap.com/currencies/bonfire/) and [CoinGecko](https://www.coingecko.com/en/coins/bonfire) + +[Chart (Bogged)](https://charts.bogged.finance/?token=0x5e90253fbae4Dab78aa351f4E6fed08A64AB5590) + +[PancakeSwap](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x5e90253fbae4dab78aa351f4e6fed08a64ab5590) + +[Subreddit](https://www.reddit.com/r/BonfireToken/): r/BonfireToken + +[Official Telegram Channel](https://t.me/BonfireTG) + +[Official Discord Server](https://discord.gg/4fz5v8tYFZ) + +[Official Twitter](https://twitter.com/bonfiretoken) + +[Social Platform Sign Up](https://bonfire.name/) +Daycare expenses are around 20k/year, plus maybe another 10-15k/year for other expenses. That means having two children could potentially cost 60-80k/year for the first 5 years and about 40k/year recurring (saving for college) with this back of the envelope calculation. + +So when did you feel comfortable financially to have kids, and how much do you (did you) spend on kids per year? Did having more kids decrease the cost per head? What strategies do you have for people who want to FIRE with kids? + +EDIT: I'm thinking maybe CoastFIRE is the time to have kids? +I hold a few Paypal shares from way back. I received notice today that there is a mini-tender offer on then at $125. This seems like a great deal at first (share price today is around $100), but maybe not. + + +If I understand it correctly, the offer in contingent on the share price being >$125 before the offer expires. That would mean they are asking me to agree to sell to them at $125 only if they end up being priced higher than that. That doesn't seem right at all. Am I misinterpreting??? +Hi All. I saw the news that Nykaa hit 1L marketcap yesterday. That made me wonder how does it get calculated. + +I looked it up and found that marketcap is stock price multiplied with the number of outstanding shares. + +I looked up definition of outstanding shares and found that these are the ones which are held with the public. This means these aren't the shares that were held by private investors that invested before the listing. **Q1.** Is my understanding correct? + +Back to the original question, so how do we reach the 1L marketcap? As per the IPO information below( fetched from [https://www.chittorgarh.com/ipo/nykaa-ipo/1170/](https://www.chittorgarh.com/ipo/nykaa-ipo/1170/)), there were 630 crore shares made available to public. **Q2.** Is this understanding correct? I doubt this is incorrect but since it says each share had face value of 1 rupee then these must be 630 crore shares? If not, then what is this aggregate number? + + + +|Issue Size\[.\]|Eq Shares of ₹1 (aggregating up to ₹5,351.92 Cr)| +|:-|:-| +|Fresh Issue\[.\]|Eq Shares of ₹1 (aggregating up to ₹630.00 Cr)| +|Offer for Sale|41,972,660 Eq Shares of ₹1 (aggregating up to ₹4,721.92 Cr)| + +&#x200B; + +**Q3.** And if these understandings are correct, then the marketcap would be 630 crore multiplied by 2239, which is much more than 1 lac crore. + +Please help me make sense of this. Thanks in advance. +Hey everyone! + +So I've grown tired of having to open so many different apps to check my global portfolio, like Crypto app (Coinbase + Kraken), Investing app (Degiro atm, IB later) , banking apps (have 3 atm), so I decided to build something for myself to be able to have a bird's eye view over all my investments and apps in order to log in to one single place. +I started off with a google spreadsheet but wanted to move into a web based app. Couldn't find any so started building my own as I'm a software engineer in my day job. + +A friend of mine saw the initial version of my side project and told me to see if people would be interested in it as it sounded like something that people from communities like this one would be fond of. + +So, my question would be are you guys and gals happy with your current portfolio tracking methods/apps and if not does this idea sound interesting? +I’ve noticed this subreddit seems to heavily skew towards tech workers and otherwise highly skilled employed professionals, so I would be curious to see what business owners and self-employed users do for a living! + +Business owners: what does your business do? How much revenue does your business generate? How much do you personally make? + + +Stay at home, but the working class can't afford to miss work. Few have emergency funds, even some of the more higher earners have no savings. + +A lot of jobs are offering to let you stay home, totally unpaid of course. You might get unemployment, but that's only a fraction of your regular pay. + +Buy 2-3 weeks worth of groceries, again, some people can't afford to do so. + +Some people downright refuse to get tested or get hospitalized for it because they can't afford to. + +Covid-19 has struck some countries with very good "safety nets" and wreaked havoc. It's very scary that a lot of damage in being done in the USA due to income inequality. +So for over a year now, I have been preaching the good word of GME to anyone who would listen. For the most part, it has fallen on deaf ears. But today I had someone asking me about the Pulte situation, and immediately after that, he asked me about how I DRSed my shares. Even if it's just 1 guy that I work with, even if he has just 1 share (he may have more, I didn't wanna ask and be rude) then that seems like proof to me, that the movement is growing. + +Really proud of all you apes. + +Obligatory 🚀 💎 ✋️ 🌙!!! + +Edit: got a notification about 45 minutes ago that the post had over 1000 upvotes, and I was like, "wow". Then I clicked and it has less than 500. I'm assuming reddit notifies you of the amount of upvotes, regardless of downvotes. Just a weird thing I thought was worth mentioning, I wonder why so many people downvoted. Hopefully I didn't offend anyone. + +Edit 2: and now it's autocorrected over 1800. Wtf is going on? +My SO and I purchased our first investment property (sfh 3bd/1bth) in September of this year. We are in the renovation process right now. This house was rough; it smelled like a kitty litter box, had '80s fake wood paneling in the bathroom and the paint the previous owners used on the counter was peeling (just to name a few things). I could not work in the space without being sick for 2 days after. + +My MIL at one point convenced my SO that having it deep cleaned would solve all the problems and it would be rental. + +I disagreed and since then we have taken out all flooring and had it replaced, had all interior doors replaced (all by 1 had been broken-a 24inch closet door in the hallway), replaced the kitchen counter, and remodeled the bathroom. My painters are working on painting the cabinets, redoing the backsplash (previous owner cracked clusters of tile when putting in a knife holder), painting the walls and installing new trim (doors, windows, base board). + +While that is all well and good, everytime I mention something where a "corner has been cut" (example:shity transition from the LVT to the tile in the bathroom) someone says to me "it just a rental". So my question is where is the stopping point? Its all work I feel needs to be done but is quality no important when it is a rental? +Hello guys, + +I recently came across a post here on this subreddit in which the OP was arguing that volatility is not risk and noticed that several people disagreed. + +I honestly find it quite surprising since the whole point of value investing is focusing on intrinsic value rather than share price thus purchasing equities when they are selling for less than their intrinsic value by a certain amount (margin of safety) and "wait" for the market to recognize the mismatch between value and price. + +I reckon that for a short-term trader or an investor who strongly lacks of emotional control volatility is undoubtedly equivalent to risk but why would it be considered as such from a long term investor's perspective? + +Thank you all! +Rough napkin math, but all things being equal which they arent.... (especially pricing...which AMD has less price, and AMD still has less operating margin than INTC) then AMD is overpriced by 2.6x based on market share alone. + +It should be a 50B company not a 129B company. + +There's no way around it that I see.... + +AMD isn't getting paid to have the coolest chip, or even the best chip....it's getting paid to have market share at a specific profit margin. + +If AMD traded places with all of INTC market share, again assuming their margins are the same, within 5 years... + +Then AMD can only deliver 6% CAGR-5yr at this price? + +Am I missing something? It's a shame to have missed the epic recovery boat from Penny stock to contender for the throne, but now that ships seems to have sailed. + +I'm tempted to buy AMD before the earnings, but based on this high valuation, I think this will be the first AMD earnings in a while that punishes AMD for its overvaluation. + +The new market ecosystem no longer rewards overvalued hopium. + +Therefore I'll probably sit out AMD earnings and watch what happens. + +But I wouldn't be surprised to see AMD reach the 90s. +I'm in my low 30's. I make about 65k and I owe about 120k student loans. I have about 10k saved up and I want to buy a condo for 75k. I live in new york and apartment rentals are very expensive. I've tried the rent vs buy calculator on the new york times and it suggests I could be much better off buying. + +Is the stepping stone strategy a good idea. I could buy this place build up equity and did a better place in 5 years. How much are closing costs in New York I hear they are about $5000 +For me it's ATZ. I bought it a few months ago expecting average gains for a growth company. I had literally never heard of Aritzia prior to buying the stock. My girlfriend works in a mall and told me how busy Aritzia always is. I went by her advice and now I'm up close to 40 percent in the last few months. +Down by 13.6% to $10.70 + +Holy cow, that is a horrible drop on top of the massive drop it had last Friday. + +is the sky really falling for this dividend darling? +EDIT: This got more attention that I expected! Thank you to everyone for your advice and well wishes for me. Really means a lot! Sorry to anyone I haven’t replied to. + +Obviously this is a specific situation that many may not have experience with. + +However if there is anyone out there that can give me some tips/advice on how to best plan for this, it would be greatly appreciated. I have a strong support system with my family that will hill help me any way that they can. + +I have a small amount of money in my checking account, and also a couple thousand in stocks that I would prefer not to touch. + So the only reason it hasn't squeezed yet is not due to any selling but solely to all the shorting. Pure, unadulterated shorting from billion-dollar HFs. That's the only reason we aren't on Pluto yet. + +**THEY CAN'T KEEP THIS UP FOREVER, BUT WE CAN HODL FOREVER. FOR AS LONG AS IT FUCKING TAKES.** + +You've been poor your whole life. You can wait a few more months. + +Always go back to these 4 simple rules: + +1. The price is academic +2. It's only a loss if you sell +3. **Shorts must cover** +4. Hold until 🚀🚀🚀🚀🚀🚀 + +Everything else is noise. + +I will post this once a day to keep spirits up and heads in the game. + +Everyone and his brother knows Ryan Cohen is turning Gamestop's business model completely around from a brick and mortar retailer into an online retailer with similarities to amazon and steam. + +Everyone in the world knows new, fresh talented skill is being hired for key positions to effect this change. Everything about GME is coming up roses, and yet the stock continues to fall. + +What does that tell you besides that fact that evil HFs that STILL wanna see the company die out are stubbornly refusing to give up the fight and cut their losses? + +**SO I SAY WE STUBBORNLY REFUSE TO SELL, REFUSE TO QUIT HODLING, AND JUST BITE DOWN HARDER AND NEVER LET GO!!!** + +**WE WIN THIS BY BEING PATIENT!!! GO OUTSIDE AND DO SOMETHING FUN! TAKE YOUR MIND OFF THE STOCK TICKER! IT'LL BE A WHILE YET, BUT WE HAVE ALREADY WON!!!** + +Given that we currently hodl well over 100% of the float, possibly as high as 1000%, we, even we here, the Ape Army, essentially own Gamestop! We own the company! That means that when the squeeze happens there's no need to panic sell for a little profit at $500 or $1k or $10k per share. + +**It will go as high as we want it to go precisely because we own the company several times over! That means we get to decide what the stock's highest floor will be!** + +Please let that sink in. + +**DO NOT SELL UNTIL YOU NO LONGER HAVE TO WORK FOR A LIVING AND CAN ALSO LIVE THE HIGH LIFE! YOU WANT A LAMBORGHINI** (I don't; they're ugly...) **JUST HODL UNTIL IT'S $10 MILLION A FUCKING SHARE!! IT CAN ACTUALLY BE DONE!!! 10 MILLION A SHARE IS NOT A MEME! IT IS A REAL WORLD POSSIBILITY!!!** +Just read that AT&T is planning on cutting their dividend to reflect a smaller size once this merger is complete; but haven’t seen anything else regarding potential amount, etc. + +As T holders (myself included) does that worry you; or do you see the potential cut as a way for them to reinvest in the new potential for greater growth? + +Down on my T but WAY up on dividends over the years; wondering if that will be the time to reposition. +For a post covid world. Something you feel comfortable holding and DRIP for the next 5-10 years. These are a few I see suggested on here. +O +CTO +WPC +VNQ + +If you could pick 1 or 2 which ones would you pick? +**2014 - April** + +Facebook market cap: $155 billion + +Bitcoin market cap: $5.69 billion + +**2021 - April** + +Facebook market cap: $851.857 billion + +Bitcoin market cap: $1.107 trillion + +Hey hey heeeeeeeey Zucky, how are you? People always said that you should never trust the guy who is going outside only with his identical twin. Seems like Winkles got it right. + +Sauce: https://www.theguardian.com/technology/2014/may/19/winklevoss-twins-bitcoin-bigger-than-facebook-investors + +This is not April joke. +Not sure how well known this tool is, but it's a tool on the money saving expert site that lets you compare, as a guide, what entering different job titles on your car insurance could cost you. + +Me as an example, I'm a tech consultant which is a very broad title - there are variations of the available list of job titles that would all fit as my 'job title' due to many aspects of my role. I could fit into IT consultant, project manager, management consultant, etc... And they carry different premiums for insurance purposes + +I'm sure there are many acceptable variations for your jobs as well. This tool can help you find the best one to use when signing up for car insurance - **as long as the job title you pick is actually truthful.** + +[https://www.moneysavingexpert.com/insurance/car-insurance-job-picker/](https://www.moneysavingexpert.com/insurance/car-insurance-job-picker/) +I work in private equity and deal with external board members regularly who will "work" on 1-5 boards earning 65-200k at each gig with typically some extra perks like the opportunity to coinvest on a no fee basis or get a small option package. The work mostly seems to be (1) participate in quarterly board meetings to provide feedback and advice to management, (2) make introductions to industry connections to help the company, and (3) probably interview for board positions regularly. + +To me this seems like the logical "off ramp" as I get older so that I don't go crazy from giving up all work instantly while still earning a little bit of extra income here and there. + +Anyone with experience doing this who can comment on whether they thought the experience was worth it? +All of the discussion of this that I've seen on this sub so far has mostly ignored the thousands(?) of apes who have ALREADY had shares sold out from under them by RH. I myself left them a fraction of a share as an honesty test when I transferred out in Feb, and it took them less than 2 weeks to sell at a dip. Screencapped in my post history. + +DO NOT LEAVE YOUR SHARES IN ROBINHOOD ONE MINUTE LONGER. They are not remotely reliable and are considerably more likely than not to cheat you. + +PS yes this is legal, its [explicitly laid out in their TOS,](https://i.imgur.com/kJmyXpi.png) presumably for precisely this scenario. They knew who their bosses were from day 1. + +Edit: Just so the link is in the op too, [Robinhood's full TOS.](https://cdn.robinhood.com/assets/robinhood/legal/Customer%20Agreement.pdf) I strongly advise you to read it yourself. + +Edit PS: I eat french fried crayons and play a lifeguard on TV +My father is 74, he is retired. He inherited \~1.5 million usd from his parents. he has that money invested into an annuity, from which he receives over 5,000 usd a month. he also collects social security, and has a very small retirement from working at american airlines. overall, his monthly income is more than 6,000 usd. + +&#x200B; + +He lives in Utah and his rent is just under 1,400 a month. He is having trouble paying his bills, he cancelled his cable subscription because he couldn't afford to pay 300 usd per month for it. he always has trouble paying his income taxes. He also regularly brags about wearing 2,000 skiing outfits. he claims all of his skiing outfits cost that much. + +&#x200B; + +He asked me if he could use my address (I live in california) as his place of residence so that he can avoid paying utah state taxes. he wanted me to send all of his bills, mail, etc. to him in Utah. I told him I couldn't do that because I did not want to knowingly assist him in committing tax fraud. his immediate response was to remove my phone from his verizon plan after sending me a text message saying he does not want to speak to me and that I'm not welcome at his funeral. + +&#x200B; + +He has grown increasingly stubborn and mean in the last few months, I'm worried that he either has some sort of mental illness, like dementia, or that he has gotten himself into some sort of debt or drug abuse problem. What should I do if i think he's not capable of managing his finances? is there anything I can do? any advice or information is appreciated, thanks for reading. + +&#x200B; + +edit: it looks like I may have too many messages to reply to at this point. thank you to anyone who has read this, and anyone who has left heartfelt or useful advice. I really appreciate it. I'll try to read through everyone's advice/comments, whether or not I reply. again, thank you. + +Edit 2: a few people have suggested contacting adult protective services. That sounds like a good place to start. If he will talk to me again I'll ask him to get a mental health check up, and consider giving my uncle access to his financial accounts to figure out what's going on. + +Also to clarify, he Inherited 1.5 million and that amount was invested into an annuity. I do not know if my brother and I will inherit the annuity when he passes. + +Thanks again to everyone who made helpful suggestions. +Putting it in writing here both because it helps tremendously when others hold me accountable, and because I want to be able to look back on this moment fondly. + +I've been smoking for a couple of years now, slowly going from pipe, to bong, to gummies, to a pen, and I've realized I just can't regulate my own actions the way I want to with a substance like marijuana. I have to make this change, but cannot handle even a minute of focused obsession at the moment, so I'm hoping this will be just enough to do it. + +I wanted to work the line "trading one moon for another" in here somewhere, but couldn't figure out anywhere clever, so... there it is. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit: well... damn, y'all. I posted this as I was falling asleep, looking for motivation to help in the morning, and I ended up with [so much more.](https://i.imgur.com/hBbcutO.png) Thanks everyone. + +A lot of you make a very good point. GME already crossed $300. I'll just stop smoking right now! I initially set the limit to trick my brain into thinking it still had a way out, but after reading a lot of the comments here from former users of many different substances that were able to quit... I don't think quitting can wait. + +This thread has enough positivity to hopefully keep me away from pot indefinitely. Thank you apes. +40F here. I can already see in my head how my fellow redditors may call me out for being a poor little rich girl. But. Hear me out. I’m around 4 mil. 2 mil in cash/stocks. 2 mil in paid off rental properties. 9 of them. Paying out $8-10k in rents monthly. I’m tired of working. I am really good at my job. It doesn’t suck. Except it’s hard and I have to just work hard. Be innovative. Cutting edge. Game face all the time. Sales sales sales. I have a team of 10+ that only have jobs because of me because my industry is downsizing big time. No one is hiring operations/support. Just sales, which is me. I just don’t want to work. At least not right now. Or for a while I don’t. But my team needs me to stay in the game. + +My husband died a couple years ago and in a self preservation tactic I acted like I was FINE. Move along. Save the business. Make sure the kids know I got this and I got them. Now that the dust is settling I realize I haven’t grieved for shit. Just...acted like I’m fine. And I’m not. I just want to ride a bike. Listen to music. Eat lunch by myself. Watch TV...during the day. + +My industry is tough as hell right now. 2 years ago I made 1.9 mil on a w2. Year after...1 mil. This year...maybe $500k. Maybe that��s what it will be +Moving forward. Maybe the other years were record years. + +So I have 4 mil. I don’t know if it’s enough. I have two more kids to get through college. I can earn $500k every year at a min. Maybe I should hang in there for 5 more years. Until the youngest is almost to college. + +My identity is a money maker chick. If I stop working who will I be. I think I won’t care but I will. + +I don’t want to work. Maybe I need a week or two off work. + +How the hell do I think through this? + +And yes, I’m seeing a therapist. Everyone should at some point. I haven’t spoke to my financial advisor yet that I am constantly day dreaming about hanging up the keys to my business. I’m sure he can help. +Hello r/realestateinvesting + +Long time reader of this sub and absolutely love the content and candid feedback. My question is, we have built up a portfolio of 9 properties in 3 years and I have self-managed the properties till now. Recently, I have felt like to scale effectively, I need to hire a property manager and start developing better/more efficient systems in place to really grow effectively. In addition, I still have my full-time job and might be moving out of state for an awesome promotion. I love my job, and don't want to quit to do real estate full time. + +&#x200B; + +But, here is my question. I have hired a property manager (2-week ago) and I feel like I could 100% do such a better job. I find myself being very tempted to micromanage this person because I just feel like they are forgetting to do things, or not doing them well. + +&#x200B; + +Does anyone have any advice on switching from being self-managing to hiring a property manager? Did they get the same level of rent prices that you did? I would love to hear your experience and any advice on a successful transition. + +&#x200B; + +Thank you! + +Edit#1 - thank you all for your awesome comments. I’ve concluded that I need to wait a few more weeks before I can make a decision on this. My gut is telling me once we get into a good groove with the transition, it will be a win/win for everyone. For those asking, here is the terms of our agreement: 10% gross rent, 50% leasing fee (no fee for renewal), split late fees. No charge for time on evictions, insurance claims, handyman, etc. I wanted to make sure if this because I heard horror stories of PMs nickel and diming owners for everything. + +Edit#2 - everyone has provided some awesome feedback. It is making me feel so much better and actually building trust with current PM with your perspectives. I told myself even if rents dive and do on, it is still worth it for me to invest in RE. I think it also reflects on the importance of having huge margins and fail safes in case you do need to drop rents. +Hello again, Reddit! + +A couple of weeks ago, I posted here looking to speak with new investors for a Financial Post story. I profiled 10 of them and wrote about their individual investment strategies: [https://business.financialpost.com/investing/money-to-be-made-meet-the-new-retail-investors-flooding-the-market-amid-the-pandemic](https://business.financialpost.com/investing/money-to-be-made-meet-the-new-retail-investors-flooding-the-market-amid-the-pandemic#pyndiura) + +I then wrote about how this new wave of investors is changing the market and why they don't fall in line with the Robinhood and Dave Portnoy stereotypes: [https://business.financialpost.com/investing/how-the-new-retail-investor-mania-is-changing-the-stock-market-game?video\_autoplay=true](https://business.financialpost.com/investing/how-the-new-retail-investor-mania-is-changing-the-stock-market-game?video_autoplay=true) + +Thanks for your help! +What's your general strategy and rule of thumb on portfolio allocation (real estate, stocks, crypto), tax strategy, and growing wealth. What's your typical income, tax rate, and what's your most strategic driver in reducing tax liability. +My original plan was to semi-FIRE at either age 45 or 2 million net worth, working part time. I passed the 2 million threshold back in 2018, couldn't pull the trigger. Then I turned 45 during the pandemic, and didn't feel comfortable FIREing due to global uncertainty. Due to government money printing / inflation and some luck with investments, I currently find myself at $3.5 million net worth. I have no debt or kids. I spend under 60K/year. Let's call it $75K to give me some buffer. Either way I'm close to 2% withdrawal rate. + +I started a new job during the pandemic, about 8 months ago. At first I liked it, because it was something new. Now that novelty has worn off, and it's basically become a dystopian, remote hell. There's too many meetings: daily scrum meeting, weekly sprint meeting, managerial one-on-ones, multiple department meetings, multiple company meetings, plus other random junk I get invited to. I also get pestered with status updates through corporate chat: forms, surveys, and other assorted annoyances I'm supposed to fill out. If I ignore it, which I have tried to do sometimes, I get pestered even more because my updates are late. The work itself is, at best, mediocre and not terribly interesting. I was previously the "lead engineer" at a failing VC-funded startup and decided to take a lower level "senior engineer" job at a more established company. The old job was bad, and so is this one, each for different reasons. + +So I've basically convinced myself I need to take some time off: A gap year to focus on physical and mental health. Maybe I'll do some part time work. Any advice from those who have semi-FIRED? +https://www.cnbc.com/2021/08/17/palantir-bought-50-million-in-gold-bars-in-august-as-cash-accumulates.html + +"While some companies such as Tesla are diversifying into bitcoin, data analytics software company Palantir is betting on gold. Palantir bought $50 million in gold bars in August, the company disclosed in its latest earnings statement. + +The move reflects a growing company stashing cash in an unconventional asset in response to economic uncertainty spurred by the coronavirus pandemic and governments’ response to it." +Hello Everyone + +Hope everyone had a very green week and made a decent amount of cash. With the advent of a number of people getting into penny stock trading and all stocks being on a recent tear recently, I noticed a significant uptick in the number of followers for popular Furu's also known as financial advisors. However not all Furu's have your best interests at heart and might set you up for pumps and dumps and hence it might be a good idea to spend time understand what a pump and dump actually is and how it happens. + +# What exactly is a pump and dump + +A pump and dump basically is a person or a group of people hyping up a stock and once it hits their target goal, dumping the stock which then goes crashing down resulting in people who bought at a high holding bags for a long while until the next pump and dump happens. The hype can be different ways such as claiming that the "charts are primed for a run", "this is an undiscovered crypto or weed stock" and so on. Sometimes pump's can also be done by circulating old news as new and hyping it up. + +# How do they do it. + +Now I wont claim,I understand how every pump or dump happens, but here is the general modus operandi. + +To make this personalized, lets called this Pumper **Mr S** who has a large twitter following and\\or a large chat room + +1. Mr S find a low float stock or a stock which he feels has some relationship to some recent hot sector or news. Sometimes, it might have no relation to a hot sector but just something they can push +2. He then slowly buys small amounts of the stock over the period of the day. This is important. The reason, they dont want to go all in because you want to ensure the share blocks dont hit scanners and alert others. So it might be like 10,000 shares in the morning, 20,000 shares after lunch, another 20,000 shares in the afternoon and so on. These are obviously imaginary numbers and the number of shares mights be in the hundreds of thousands too. Here is a chart showing the purchases + +&#x200B; + +[Quiet buys which dont cause much of a price spike](https://preview.redd.it/7kaukhhpzdh61.png?width=714&format=png&auto=webp&s=e46c5da9c875d0a2923465910048c5557c34c9de) + +&#x200B; + +3. Lets assume Mr S has a number of favorites in his chat room or a private chat room in his larger chat. He then informs them that he is going to post a DD about this hot stock "ABC". The people in the private chat room buy into the stock. + +&#x200B; + +[Getting in his friends to buy](https://preview.redd.it/0w5m0b3rzdh61.png?width=1140&format=png&auto=webp&s=b07d1bd778958d1658f40a2c9c62eedfe9242b83) + +&#x200B; + +4. He then posts to his larger chat room and might post on twitter as well (and stocktwits) and everyone jumps on the stock giving a huge boost of volume as shown here + +&#x200B; + +[The chatroom\\ twitter following jumping in](https://preview.redd.it/hcck92tszdh61.png?width=730&format=png&auto=webp&s=72ac2a7dc7e2c7ca02a65c1c2ff750c6cb32fea5) + +&#x200B; + +5. As the stock spikes, it immediately hits people's scanners (see the volume bars increasing) and shorts jump on the stock. + +6. To prevent it from crashing, he posts more tweets or posts on his chat room or stocktwits saying that *this stock is going to go 5+ or some number* ensuring people who did not see the tweet\\chat room post\\ stocktwits post now see it and get into it and provide more momentum. Remember volume is key. This results in another fresh amount of buying as shown here (also note the volume is still really good) + +&#x200B; + +[The boosts](https://preview.redd.it/n3ooo5jyzdh61.png?width=1004&format=png&auto=webp&s=c5d32d5367cfa96f670fd9ff959398fe7fb8638d) + +7. As the stock goes to its highs, he notices that the volume is dropping and he starts to scale out his position. The selling of the stock (and shorts piling in and people panicking about the stock dropping) causes a downward push + +&#x200B; + +[Take profit area](https://preview.redd.it/1nd78uk00eh61.png?width=1232&format=png&auto=webp&s=b611f0f0df8137ceb652e350ca07ba6316562daa) + +&#x200B; + +8. Sometimes another tweet or a chatroom post might cause a surge in buying but most of the people who might get into the stock are already there or trying to get out and the downward trend continues + +&#x200B; + +[Possible boosts](https://preview.redd.it/souugte20eh61.png?width=1138&format=png&auto=webp&s=01688aa654dd725c7c781accd2ac2e5ecb0293b4) + +&#x200B; + +9. The stock continues its unfortunate downward trend and people who jumped in on this stock at a high are then left holding a bag (see the downward trend and the drop in volume too) + +&#x200B; + +[The sad downtrend](https://preview.redd.it/29a28zv30eh61.png?width=1280&format=png&auto=webp&s=68a9c94d45150a68ede5a0ccfcd1b52fa57c5e7f) + +&#x200B; + +To encapsulate this all , **here is the whole chart for the day. See how the stock was dead and suddenly spiked (also closely observe the volume)** + +&#x200B; + +[Whole day's chart](https://preview.redd.it/ya6gwom50eh61.png?width=1170&format=png&auto=webp&s=c6fb9a5775803157d9be685d1b41bac08d54649d) + +&#x200B; + +# Things to note + +There are a few important things to note + +1. Most of the pumps and dumps happen in after hours. This is because there are no halts which give time to people to check the reason for the run if any +2. The after hours also dont have stop losses which basically means unless people are quick enough to observe the drop in volume or have got in early , they are stuck. It also allows for shorting opportunities +3. The stock was mostly dead through out the day and suddenly spiked + +# So how do I avoid this... + +There are a few basic things you can look at + +1. **Always look to the left**. This is one reason you should never be trading at the 1 minute chart since that doesnt allow you to see how the chart has traded the whole day. I **prefer using the 10** minute chart **though some people prefer the 5 minute chart**. Both Webull and TD Ameritrade (Thinkorswim) allow me to specify the time range for the charts (Robinhood users, if you are still using it, please get off it and get to a [proper broker, this post I wrote about broker options might help](https://www.reddit.com/r/pennystocks/comments/l8e01q/for_those_looking_to_move_from_robinhood_here_is/)) +2. **See the general trend,** if the stock was dead before the sudden spike as the example showed, it most likely is a pump and dump +3. **If you really want to get in (which I strongly recommend against)**, atleast check to see if there is any reason why the stock might be running and keep a limit order set which you can drag up and down in case the stock starts to dump + +As always, few of my previous posts which might help + +[Setting up a scanner for Thinkorswim for penny stocks](https://www.reddit.com/r/pennystocks/comments/l36uwg/a_scanner_which_has_got_me_a_pretty_good_success/) + +[How to filter stocks from your scanner to choose which ones to invest in.](https://www.reddit.com/r/pennystocks/comments/lbgs07/how_to_filter_stocks_from_your_scanner_to_choose/) + +[My broker comparison post which i referenced earlier](https://www.reddit.com/r/pennystocks/comments/l8e01q/for_those_looking_to_move_from_robinhood_here_is/) + +To connect with me, **please view my profile details**, thank you. +Hey Flogs, + So this isn’t a political or a ‘what do you think about COVID’ post. + + +I don’t really browse Reddit at all, but I came across this today. It doesn’t look like a scam dream, it actually looks like a person who has genuinely considered an issue and is trying to be a part of a solution. + + +I know y’all love your donations and the the charity posts, so head over and check out r/AusFoodPantry. + + +Mods had a chat as we don’t endorse shilling much, so consider this a one time shill. + + +I know we all have an opinion on the handouts, the economy, the way things are handled and those opinions are diverse, but what you can’t deny is that people always fall through the cracks in any system, perhaps this is an opportunity to help alleviate that in some small way. + + +Stay sexy gang.... + 30 Year old investment analyst based out of London. Through work, I'd seen that virtually no one could invest in coal miners because of ESG creating honestly one of the most ridiculous opportunities I've seen in finance (many of these stocks trading at 1-1.5x FCF/EV). World burnt more coal than any other year in 2021 and will burn more in 2022. Put my money where my mouth was and it played out. Still long, giving up to go travel the world for at least a year - maybe longer. Thank you all for the lessons in risk management. + +[https://imgur.com/a/uOko5uH](https://imgur.com/a/uOko5uH) +A couple of really good reads from Yahoo Finance for people that are staying out of the market because of the high valuations. + +**Valuations don't actually appear to be mean-reverting.** + +[**https://finance.yahoo.com/news/stock-market-valuations-not-mean-reverting-morning-brief-110134302.html**](https://finance.yahoo.com/news/stock-market-valuations-not-mean-reverting-morning-brief-110134302.html) + +&#x200B; + +**Stock market multiples tell you almost nothing about the next year's returns.** + +[**https://finance.yahoo.com/news/price-earnings-multiples-terrible-indicator-next-years-returns-110541997.html**](https://finance.yahoo.com/news/price-earnings-multiples-terrible-indicator-next-years-returns-110541997.html) +I used to be a major fan of Amazon, in good part because I thought it was always cheaper than alternative sources of goods. That became a lazy habit of mine, and I even thought that Subscribe and Save *must* ensure I'm getting the lowest price on each good. + +But, that's very often not the case. Before I go into when it's not the case, I will state: it occasionally saves me money on certain items but this is a minority of cases. + +So, when have I found Amazon not to be the cheapest? + +Conditioner + +Razors + +Soap + +Toothpaste + +Bicycle maintenance items (e.g. cleaning/lube products) + ++more + +I've found that if I were to bulk buy these items on Amazon, even using Subscribe and Save, I'd be spending almost 20% more buying the exact same product through Amazon compared to shopping for them at Asda. This is before potential delivery charges, or accounting for delivery costs through Amazon Prime. + +There have been items that are cheaper on Amazon, but it's usually not the case. + +For anyone looking to spend wisely, don't rely on one retailer, especially Amazon. You don't have to shop through a dozen retailers for each item, but I always cross reference prices across Asda, Amazon, and eBay to see which items I should buy where. +I thought I should return briefly to my regularly scheduled coverage of ASX cyberstonks, so I've finally gotten around to digesting the latest from Tesserent (ASX:TNT). + +*! ! ! Warning.* +*! ! !* *No rockets beyond this point.* + +Firstly, at $0.22 with $7.6m cash, of which I suspect only \~$5m is free for operations, and $16.5m drawn debt, I calculate their EV to be around $270m. + +Since mid-2019, they've paid over $90m in equity for nine businesses and two 25% stakes. The sum of announced acquired annual EBITDA is $19m - that is, when they bought each of these companies they made an announcement to market usually highlight their revenue and EBITDA. According to these announcements they should be generating $19m annual EBITDA. This figure completely excludes the original TNT SOC business which has sort of disappeared from being mentioned, and supposes zero organic growth from the rest, including from their earliest purchase, Rivium. + +FY21 operating EBITDA (OP-EB), adjusting for partial contributions of recent acquisitions, should therefore be in the vicinity of $12-14m, again, assuming zero from the original SOC and NO GROWTH from any of the individual businesses. + +A sign of moderate growth would be if this figure were in the low twenties. + +However, H1 FY20 operating EBITDA was only $2.93m, less than half of what I would expect from their announcements. The latest quarterly said they had op EBITDA of $1.7m, so it's going to be a long stretch to get over the $10m mark for the year. A better figure is $8m. A bit over half what we might realistically expect from their updates. + +So where does that leave us? With no apparent organic growth it's going to take further dilution to move the EBITDA needle and so far $90m has been spent to get them where they are today, a $270m enterprise with around $8m EBITDA. + +How then to value TNT? EV/EBITDA seems like a good place to start for a services heavy business. Few direct comparisons exist on the ASX, the closest is probably EPD, forecast to generate around $20m EBITDA from services and operations while trading at an EV of $119m (x6). + +However, abroad we have the large, established cybersecurity services players QLYS (18x), ACN (18x), FEYE (25x), and BAH (14x), giving us an average of \~19x for established industry players. + +But Tesserent is a long, long way from a profitable, cash-flow positive business with a sizeable footprint. What multiple then should we apply to them, a low-margin services-heavy business paying up for revenue that doesn't seem translate to EBITDA, with little or no organic growth, and no specific market busting intellectual property? + +Well, currently they're trading at an EV/EBITDA of 34x, twice their established peers' valuations and five times that of EPD. + +If you believe management can deliver on their oft-repeated "$150m turnover" line, what earnings does that translate to? Even if they started massively outperforming their track record and managed $15m in EBITDA, which couldn't be done before FY22, then they're still trading at 18x that value already at the significantly deflated price of $0.22. + +Rather, on the assumption of $8m FY21 operating EBITDA and a generous more "peer-relevant" EV/EBITDA multiple of 15, I think a current fair valuation is closer to **$0.09 - $0.12**, with an optimistic **FY22 price target** for the business as it stands now of **$0.19**. + +&#x200B; + +[View Poll](https://www.reddit.com/poll/n5ba29) +Bogecoin was just listed on CMC AND CoinGecko last week!! + +Super promising token with tons of use cases, and best of all - RUG PROOF. Alot of tokens claim to be unruggable, but just had have their liquidity locked into another contract address which they still have access to. Boge burned the liquidity and sent it to a dead wallet, so that money is not accessible. I have a ton of trust in this team. More info below! + +Telegram : [https://t.me/bogecoin](https://t.me/bogecoin) + +Website : [bogecoin.org](https://bogecoin.org) and [bscgems.com](https://bscgems.com) + +Twitter : [twitter.com/bogecoin](https://twitter.com/bogecoin) + +CMC Listing : [https://coinmarketcap.com/currencies/bogecoin/](https://coinmarketcap.com/currencies/bogecoin/) + +CG Listing : [https://www.coingecko.com/en/coins/bogecoin](https://www.coingecko.com/en/coins/bogecoin) + +Bogecoin currently has multiple use cases with more in the works. See below! + +&#x200B; + +**Voting Application** + +Bogecoin powers the [BSCgems.com](https://BSCgems.com) Binance Smart Chain voting application. BSC Gems is a working dApp that allows users to submit and vote on newly launched BSC Projects. Voting rounds happen every week starting on Mondays. + +&#x200B; + +**Gem Finder** + +The Gem Finder is an application on the BSCGems platform, which allows users to find their newest Binance Smart Chain project. The Gem Finder shows important information such as financials and charting. + +&#x200B; + +**IDO Platform and Launchpad (in development)** + +The IDO platform is currently in development and will be used as a launchpad for tokens wanting to launch their project on the Binance Smart Chain. We will utilize our community and marketing (along with the other coins) in order to bring awareness and success to other coins. A percentage of the BNB Tokens raised will be burned to help push the BOGE price higher. + +&#x200B; + +**Other Info** + +This is a real (and doxxed) dev team that is active in their Telegram and takes community feedback frequently and incorporates it into their development initiatives. + +&#x200B; + +✔️ Contract AUDITED 📋 + +✔️ Ownership Renounced 📋 + +✔️ Original LP token BURNED + +✔️ Low Marketcap / Low Supply (under 1 million circulating) + +&#x200B; + +**Tokenomics** + +Initial supply of BOGE was 2,000,000, but 50% has already been burnt, leaving 1,000,000 coins in circulation. As a deflationary autostaking coin with a fixed supply no more BOGE can ever be minted, meaning your share will never be diluted. Additionally, for every transaction, 2% is burned and redistributed to token holders. +finally after 4 long years of getting myself caught up in the horrible payday loan circle I feel free! When I was 18 I spent my first entire pay packet in less than a day (stupid I know!) then one night my pals invited me down the pub, I really wanted to go and couldn’t face my parents to ask for money as they knew I only got paid the day before, so I stupidly got a loan out thinking when I get paid at the end of the month I can pay it back. That’s exactly what I done, paid it off in full and then fell short a week later… another loan and the circle has started. It was awful, I was always skint and constantly worrying about money. The debt kept on piling up and my credit file was horrendous. It was only back in 2018 when I found out that I could do a repayment plan on all of my current loans. At this point I had 8 active loans and all tallying up to £6k with ridiculous interest rates. I was in a bad place, I couldn’t do anything nice at the weekends as I had no money and kept on making excuses why I couldn’t meet up with friends. each month I would pay off 1 loan and get another one 10 minutes later. Finally spoke to citizen advice and got all payments rolled into 1 and at a affordable amount. + +Roll on 4 years later i am completely payday loan free, credit file is shooting up in the right direction and have loads of money left over each month! Currently saving up for a mortgage with the misses and got a very good pay rise this year, even better! + +Just thought I’d share my success story, I have learnt an extremely valuable lesson fortunately at a young age. To say the least I am extremely careful with my money and I now feel like I can trust myself with cash! +First of all, this is my first time writing out a full DD and there are gonna be gamma errors so please forgive me haha. I woke up in the morning and started my usual morning routine on superstonk and I came across this post. [619.15 DD](https://www.reddit.com/r/Superstonk/comments/oe2sar/61915_that_is_the_conservative_long_term_fair/h44vosk/?context=3) In short, this user did a comparison between gamestop and amazon and he compared the sales and then came to a conclusion of 619.15 as a long term price. I disagree with his post because it is much higher and OP did not account for a lot of factors and i will touch on them. Please feel free to add or critic because I can be wrong too. Also I am not a financial advisor nor this is financial advice. + +To start off, there are many ways to value a company from a fundamental standpoint and I will use the easiest way which is to price in the future cashflow and profit margins and then slap a multiple on it. I been a technical trader for years and I have been studying more fundamentals in the past 12 months so please feel free to comment your thoughts. The great thing about fundamental analysis is the fact it can be slighty off and it will never be to the dot which is why some stocks are undervalued and overvalued because of the different models investors are using. Anyways in the dd, OP just found amazon revenue and determine what portion was in the same market as gme and then did a little estimate on the amount of market gme can steal from amazon. OP did not take in account the entire market but rather just sales from amazon.... He also did not take in that gme has part of the market share and they have sales already. Personally, I know there are a lot of tech and video games places like best buy, Walmart and others and I am not even a gamer. So if OP wants to compare the sales this way, he needs to dig deeper and find all the tech being sold or in other words, the totally addressable market. I can't remember the number on top of my head but gaming is like a 150 billion just for gaming and if Gme starts selling tech like computers, phones, tablets etc then the market for that is wayyy bigger at 1.6 trillion. Some will add the NFT and since it is not here yet, imma leave it out but if NFT is added.... that is a new space and Gme can take the lion share of that market. + +Another point OP missed out is the profit margins, Amazon has a profit margin about 7.5% and Amazon spent billion on before turning in a profit because they wanted to scale. Similar to any growth company, the smart move is the invest the profit back in to scale up and that is exactly what Chewy did and they were not profitable when they ipo because all the cash was put back into the business. So if Gme can have a higher profit margin than amazon, the valuation will change dramatically and I can't say for sure because gme is still in an early stage as a tech company and I need to see more financial statements to come to a conclusion. For now, let's just assume gme profit margins on selling tech and video games are the same because I don't have the data. + +Next factor OP forgot was PE ratios! If you don't know what PE ratios are, it is essentially investors pricing in future cashflow and profits and PE are low for stable companies such as banks and essential companies like walmart. On the other hand, PE ratio is insanely high for growth companies and especially tech, take a guess at Tesla PE or Apple PE ratio. They are trading really high and there are many DDs on the sub that touch on the PE ratios and how overvalued the stock market is. I am not going to go into detail since this is on the gme valuation. Currently, the market is still pricing gme as a brick and mortar company but once the sentiment changes to a growth company and the market gives gme a growth company PE ratio, that would be a 5 to 10x on the price minimum. Brick and mortar typically trade at a 5x multiple..... So if gme trades at a similar PE to amazon or apple (they are trading at 40x right now), that would be a easy 8x on the price. This will happen in the long run as gamestop improves their fundamentals more and more and comes across a tech company and have growth priced in. This may take 3 to 5 years and it will allow gamestop to be a 100 billion plus company in a few years if they manage to grow their sales and profits. REMEMBER, N K L A, it is still worth 6 billion as of now on no sales and multiple frauds....... Its a GrOwTh CoMpAnY as wall street would say. It was trading at like 93 bucks at the peaks and nearly 50 billion in valuation on no damn sales. Talk about PE ratios..... The market was pricing in huge growth and pumping it up and it is still worth like half of gme on no sales.... The market tends to be really stupid in the short term so it may take time to come into fruition. + +Lastly, another big factor to a fundamental valuation is the management team. We got Ryan fucking Cohen and Matt from amazon and Cheung from chewy and Countless other amazing execs from notable companies. We saw how Cohen turned Chewy into a huge successful but this time is different. Gamestop has more cash than chewy (2 BILLON!) and more established since Gamestop being around for decades. Not to mention that Gamestop has a way bigger market than Chewy and Gamestop has millions of loyal customers that are supporting the company. Gamestop is a well known name due to the Jan mini squeeze and the branding is there! That is worth billions on its own..... Coca cola brand is worth like hundreds of billions because it is so well known. Gamestop is well positioned and I fully trust the team to change the world and My tits are jacked! + +In conclusion, Gme is worth a lot more than 619.15 in the long run (3 to 5 years). If I had to take a guess, GME would easily be worth over 100 billion in market cap in 3 to 5 years and that is purely on the pe ratio shift and I am not accounting the NFT opportunity and the other rumors such as partnerships and turning into a gaming center and esports. So imho, Gme is at least worth 1000 plus per share just on the PE ratio shift and I am being conservative asf. If NFT happens...... that is at least another 50 billion in the long run! I kinda dream of Gme of being a trillion dollar company one day base on Fundamentals if everything goes right.... but that is like 20 years down the road and I will def hold my shares forever. + +TLDR: Gme is worth at least 1000 a share and that is being conserative. Buy and hold! Tits jacked.🚀🚀🚀🚀🚀💎✋🚀🚀🚀🚀🚀 + +Edit one: Some people are saying I have no source to back up my DD. Remember when dfv was asked what is the price target? He said no precise pt but just up? The thing about fundamental analysis is the fact it is not perfect and when you are doing the analysis, you want to be as close as possible. If you really want to get down to the details, then try to predict the macro and micro favors like interest rates, taxes etc. It is impossible and it is discounted. So I gave out a conservative number to factor in the bumps and all the future unknown factors + +Edit two: can somone predict the macro and micro factors in the next few years? Something likes taxes, interest rates, is there gonna be a economic crash, is the fed gonna keep printing all have big effects on the GameStop business. My DD is fairly conservative as I only took the PE ratio into account and I did not add the Nft, esport and many other opportunities. When doing a fundamental analysis, you gotta be conservative as possible because things can go wrong that you can't foresee so you get a price then you slash it by a bit to be conservative + +Edit three: some of y'all want numbers. I don't want throw numbers but here is some basic math for those. Let's just assume the gaming market is 150 billion and gme takes 10% at a 10% profit margin on a 30x multiple. That brings the valuation to 45 billion. Which is roughly 600 bucks a share not adding anything else. Let's bring the esport in too, so gme captures 10b of the market at 10% profit margin. That is another 30 billion on the valuation. So 75 already. Obviously these numbers are a few years out and assuming they can have those margins. You can play with the numbers aggressively or conservatively. This is base on the current markets and not assuming growing markets and no nft. Just purely sales and profit margins. +TLDR: Did two pointless combat deployments for a government that couldn't care less about preserving a fair and transparent market. + +I joined the MO Army National Guard in 05' at 17 years old as 12B (combat engineer), deployed to Iraq in 07, came home and blew through that money and racked up debt, so I decided to volunteer for a second deployment and went to Afghanistan in 09. + +My Iraq mission was to safe guard a town of ~4000 Iranian refugees known as the People's Mujahideen of Iran located in Ashraf City., Iraq, while other coalition forces worked on disarming them. They did a lot of work for Sadam and were well equipped. Just a few years after that deployment the US turned over control of that mission to to Iraqi Army. The literal next day most of them were killed or driven back in to Iran where they were likely killed. +[Ashraf City Massacre](https://en.m.wikipedia.org/wiki/2013_Camp_Ashraf_massacre) + +My Afghanistan deployment was in Jalalabad at FOB Finley Shields and our mission was to provide security for an agriculture team that taught Afghans how to farm other crops beside poppy. We built solar wells, cold storage facilities, slaughter houses, orchards, and more. Since Taliban has resumed control I have no doubt that they're using the infrastructure we provided them to grow poppy. They were trying to steal the solar panels from the wells while we were still there. + +In total 28 months of pointless deployment time and Gary can't even do his job. What an absolute slap in the face. No cell no sell. + +Edit: I appreciate all the kind words and hearing from all of the other veterans. I'm honored to be holding with all of you. +He's been talking about it for months on twitter spaces. Look up @ JasonPLowery on twitter to find his account. When looking up his background information, everything looks legit. This is probably what Biden's advisor meant when he said that his administration was mining Bitcoin, because from what I've heard this kid say in those twitter spaces, the stuff he's trying to do for them would involve mining and much more. His plan is to make Bitcoin the GPS and Atomic Clock of digital information, a solid accurate ledger to store important information away from things like internet rot or wiki edits. + +For those who don't know, our current internet is rotting away. When you search on google, it claims to have billions of results for any subject, but when you search through those subject's results and actually dig through the pages, you only get on average around 350 to 470 links. + +The other billions? They've been lost to internet rot, the result of links being lost or destroyed from things like servers going offline, losing the data of billions of results per search, the loss of things you used to be able to find online but can no longer locate. + +This apparently is a problem for the government as a lot of those lost links were links used in actual court cases, leading to digital evidence being lost that in some cases have been used to set legal precedents. There's a lot more to what he's doing for the military via the usage of Bitcoin's immutable ledger, but this is what I can remember off the top of my head. + +Hopefully he can set up an AMA with the mods one day. I bet this community would be very interested in hearing what he has to say in regards of what he's doing with using Bitcoin's immutable blockchain on the most powerful computer network on earth for the Space Force and the Defense Department's needs. + +&#x200B; + +An article of his: + +[https://tftc.io/martys-bent/issue-1053/](https://tftc.io/martys-bent/issue-1053/) + +First paragraph: + +*War is the globally adopted Proof-of-Work social consensus protocol that nodes (countries) use to validate the legitimate state of property and its chain of custody. Militaries project force across time (i.e. energy) in a fundamental game of probability to trigger a capitulation event. This is functionally identical to Bitcoin PoW miners projecting energy to probabilistically trigger the end of each block.* + +A graphic he drew on paper to explain his thesis: + +https://preview.redd.it/jx7ghqeqgg481.jpg?width=3024&format=pjpg&auto=webp&s=cb90e965f600c1cc59e3a896e23270796ca6bf99 + +Here's Jason's first interview ever on all this, on Anthony Pompliano's show this morning: [https://youtu.be/dqt23rVxmpY?t=3565](https://youtu.be/dqt23rVxmpY?t=3565) + +It's time stamped to start at the point of the interview. But if the time stamp doesn't work, then jump to 59:24 +EBSC TOKEN JUST LAUNCHED ON THE BINANCE SMART CHAIN🚀 + +&#x200B; + +THIS TOKEN HAS NOT ONLY A REAL WORLD USE CASE BUT ALSO A DEDICATED COMMUNITY OF DIE HARD SUPPORTERS(THIS COULD BE YOU)💪🏽 + +&#x200B; + +THE EBSC TEAM ARE ALREADY DEVELOPING A ONE OF A KIND LAUNCHPAD THAT WILL ONLY OFFER THE BEST OF THE BEST FULLY VETTED PROJECTS AS THEY BECOME AVAILABLE.THIS TRULY WILL BE A GAME CHANGER ❗️❗️❗️❗️❗️ + +&#x200B; + +THEY ALSO HAVE A FULLY FUNCTIONAL INVESTMENT FUND WITH MANY FUTURE PLANS BASED AROUND THIS. THIS WILL ALLOW HOLDERS REDUCED FEES IF THEY HOLD EBSC TOKEN 💰 + +&#x200B; + +LASTLY WITH THE VAST EXPERIENCE OF THE TEAM THEY PLAN TO OFFER AN EDUCATIONAL ELEMENT SO INVESTORS CAN MAKE BETTER INFORMED DECISIONS IN THEIR OWN FUTURE VENTURES 🎓 + +&#x200B; + +AND ALL OF THAT IS ALONG SIDE A TRULY DEFLATIONARY TOKEN WITH BURNS PLANNED AND EPIC TOKENOMICS🤯 + +&#x200B; + +THE TEAM ARE LOOKING TO OFFER SOMETHING NEVER BEFORE SEEN ON THE BSC AND THE MARKETING PLAN IS LIKE NOTHING ELSE OUT THERE 🌝 + +&#x200B; + +⬇️⬇️⬇️FOR FULL DETAILS ⬇️⬇️⬇️ + +&#x200B; + +🌍 WEBSITE - [https://earlybsc.com/token](https://earlybsc.com/token) + +&#x200B; + +🚀TELEGRAM - [https://t.me/ebsctoken](https://t.me/ebsctoken) + +&#x200B; + +🚨PANCAKE SWAP - [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x01a78db633940579e15e7bdb8edfee8ecdea4522](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x01a78db633940579e15e7bdb8edfee8ecdea4522) + +&#x200B; + +📈CHART - [https://poocoin.app/tokens/0x01a78db633940579e15e7bdb8edfee8ecdea4522](https://poocoin.app/tokens/0x01a78db633940579e15e7bdb8edfee8ecdea4522) + +&#x200B; + +🎉 BSCSCAN - [https://bscscan.com/token/0x01a78db633940579e15e7bdb8edfee8ecdea4522](https://bscscan.com/token/0x01a78db633940579e15e7bdb8edfee8ecdea4522) +I get that this is another shady sales tactic for agents to have to get your details on file if you want to know what a property sold for, but doesn't it seem dodgy as hell for them to be able to only disclose the sold price of 'good' sales? + +Feels like it's about time for a Royal Commission into the real estate industry at this point imo, so much dodgy stuff still goes on... +Suppose you have a job that pays $140-160k per year and you can buy a $360,000 condo with a mortgage and live there rather than paying rent. Would it be a better investment to buy that condo and live in it or to pay rent at an apartment and invest the extra money that you'd have used for the mortgage in s&p500? In this case you're taking a 5 year mortgage vs rent. +All: + +Thanks in advance for weighing in! +We have seen a very fast climb in earnings and are seeking your advice. + ++ Dual income and both are mid 30s. + +We are Bogle style investors with a bit set aside for the WSB moments. + +Wondering if this group have advice on tax strategies or general strategies with "bumper crop years" besides maxing out retirement and not inflating monthly expenses. + +Thanks! + HONG KONG (Reuters) -Chinese state-owned Yuexiu Property has pulled out of a proposed $1.7 billion deal to buy China Evergrande Group's Hong Kong headquarters building over worries about the developer's dire financial situation, two sources said. + + [Exclusive-Evergrande's $1.7 billion Hong Kong headquarters sale flops as buyer withdraws -sources (msn.com)](https://www.msn.com/en-ca/money/other/exclusive-evergrande-s-1-7-billion-hong-kong-headquarters-sale-flops-as-buyer-withdraws-sources/ar-AAPylI0?ocid=msedgdhp&pc=U531) + +Yeah, that was less than a week ago. Everyone needs to chill. Good things take time. Panic selling is the quickest way to lose all your money. Hold, accumulate and be patient. NOT FINANCIAL ADVICE, just my opinion. + +Let bitcoin build a base floor and consolidate, it will only give it more power when taking off next spike up. Every market has good and bad weeks, it does not mean it won’t reach a new all-time high tomorrow, next week or next month. + +For all the newbs out there, if you can’t handle seeing your portfolio drop 50% to 80% in hours, you should rethink your investments before you lose all your hair. This is what crypto does, and it goes both ways. + +I’ve been through multiple cycles and if there’s one thing I’ve learned, it’s that every time there’s a nice decline in price, the media/ retail investors think the world is coming to an end, only to contradict themselves the second it goes back up. + +Market manipulation is a real thing. Not everything you hear or read in articles is true. + +Think long term + +We are good people, PATIENCE IS KEY +**Proof:** \[Screenshot-2022-11-23-155356.png\]([https://postimg.cc/DSrCmh4g](https://postimg.cc/DSrCmh4g)) + +Don't let people or Youtubers dissuade you from investing. You can still find great deals in today's market with higher interest rates. In fact, the uncertainty and high rates make it easier to find deals as less people are bidding the prices up. + +I bought this single family home on the MLS for $80,000. This property had a tenant who was "2 weeks from moving out" but they ended up taking 4 months to leave and we had to start the eviction process. Next time, I'll just offer cash for getting out on a specific date that makes sense for everyone. + +We spent $25k on the renovation (windows, HVAC, cosmetic rehab). Total investment was $105k. We rented it at $1,395/mo. + +The property appraised for $183,000. I refinanced this with two other SFRS with a local bank on a 20 year loan at 5.75%. The mortgage for this one was $119k. If I had to refi at today's rates on a 30 yr loan at 7%, it would produce $3.1k/yr in cashflow. + +**The Numbers:** + +* $105k Purchase + rehab +* $183k appraised value +* $119k loan at 5.75% on 20 year amortization +* $12k in extra cash at refi +* $64k in equity +* $2.6k in annual cash flow on current loan +* $3.2k in principal pay down +* Appreciation +* Tax Benefits + + +**Lessons:** + +* Jump on great deals immediately when they go live. +* Build relationships with local lenders and have them compete for you business. +* Don't over-renovate (example, the roof is older but didn't need replacing yet). +* If a tenant is leaving, offer an incentive to help expedite. + + +The refi for this property took place on 10/1/22 when 30 yr mortgages were 6.9% for top tier credit and 20% down. The same bank gave me a term sheet for 6.5% for another set of SFR's this week. +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! + +Bought a good chunk of the Medical Cannabis and Wellbeing ETF at the start of the year. It's been fairly flat, posting some decent returns and a few dips, but largely boring.......until today. + +7% increase not long before close. + +Anyone know why? Or even better can point me in the direction of answering these kind of questions myself? + +Edit - So, spent the evening digging about google - [https://www.healtheuropa.eu/recommendations-for-uk-cannabis-industry/107851/](https://www.healtheuropa.eu/recommendations-for-uk-cannabis-industry/107851/) + +& + +[https://www.prnewswire.com/news-releases/jazz-pharmaceuticals-completes-acquisition-of-gw-pharmaceuticals-plc-301284512.html](https://www.prnewswire.com/news-releases/jazz-pharmaceuticals-completes-acquisition-of-gw-pharmaceuticals-plc-301284512.html) + +&#x200B; +Hi, + +As the title says, I am wondering how best to take advantage of an upcoming downgrade in our credit rating combined with a collapse in the £. + +I was thinking of a global, US or Japanese funds but I suspect Brexit is going to hurt a fair few global businesses. What would you do based on the obvious assumption? + +Thanks +So ill start from the beginning. A few years ago i lost my front tooth, and couldnt afford to get a new one. Company i worked for, whos name i wont disclose, promised me they were going to pay for me to get a permanent tooth. My supervisor approached me one day while i was out in the yard working, and told me that as a wedding present they would be buying me a new tooth. I never asked them to buy me one, but they wanted to thank me for the hard work and time i put into the company, and also make sure i looked good for the wedding pictures. I was so happy and so was my fiance. It was the nicest thing any company had ever done for me before, and i was very grateful for them. They made an appointment for me to go to their company dentist, and i got my date to get my bridge. Now a day before the appointment, they told me to cancel the appointment, because they wanted to try and find a better deal. Apparently he was charging them too much money and they wanted me to go someplace cheaper. This was a red flag to me, but they seemed sincere and assured me they were working on something for me. So i canceled and waited. This should have been my first warning sign that they had no intention of paying for my tooth. + +Two months went by, and they didnt tell me anything. I was starting to think that they were going to bail on their offer, but any time i asked about it they kept assuring me they would honor the agreement. Last month they laid me off, and during the comversation my supervisor assured me they were honoring the agreement to pay for my tooth. My supervisor brought up the tooth, i didnt even ask about it. I had assumed they werent going to pay for it anymore. He assured me the company was going to pay for it and honor that agreement. They told me they would be in touch with me once they worked something out. Well i went to a family friend and got the work done (for a discount also.) When i gave them the bill, they informed me that they had never intended to pay for my bill. They told me they had no idea who told me that (despite 4 managers proudly telling it to me) and said i had to pay for it myself. Not only did they refuse to pay, but they made me look dumb for thinking they ever told me they were going to do it. I was furious. The only reason i got the work done was because they promised me they were going to do it. + +So now here i am with a dental bill, because i trusted my employer to honor their promise. There is also nothing i can do about it, because it wasnt in writing and i cannot prove they promised to pay for it. I also know this is my own fault, i was stupid for not trusting my instincts. So if your employer promises you a raise, to pay for something, or to do anything for you. Always, and i cannot stress this enough, always get it in writting. + +Edit: this got a lot more traction then i thought it would. I want to thank everyone for their kind words, as well as others who were more harsh. Listening to users here, i have decided to sit down with a lawyer and look into legal action against my former employeers. I know this upsets some users, but i am not the kind of person who just jumps into things without planning first. Ive already made a lot of mistakes, i want to try and avoid any other ones. I will speak to the lawyer, and send an email to my boss asking for a more detailed explanation as to why they are no longer paying. As always, you guys are awesome and thank you! +I'm in the process of selling my duplex and I'm surprised at how poor comp method is for evaluating the duplex value. + + My duplex is in a nice area of town and nets 2250 for one side and 1500 for the other, total 3750$ a month and 45000$ a year. I have $4500 in taxes and $3000 for other op expenses (tenants pay most utilities). Yearly, I break around 36k profit. + +But because of the comps my realtor pulled, she is trying to convince me to sell for 280-300k, which would be a cap rate of around 12%, which is double the actual cap rate in the area of 6%. + +The issue is that the comps she is using are from less desirable areas that do not command rents as high as mine. When I asked her what the rents in those duplexes were, she just shook her head and said she didn't know. + +This is a blind spot of the comp method for duplexes, if another duplex rents for 1800$ total a month, why should I sell mine for the same price as that one? +Two days ago I published an article covering all of the issues weve been having related to missing splividends. + +I then dug up a long list of journalists who had written articles over the last few weeks regarding the original announcement of the splividend and tweeted the following to them two days ago: + +&#x200B; + +https://preview.redd.it/4dve5enf8sf91.png?width=1214&format=png&auto=webp&s=d597d42402049fdc576b0b7a88cc3fe447f8a45e + +&#x200B; + +Well one of the journalists finally replied to my tweet. Motley Fool's Rich Duprey said he reached out to several brokers and they all have given him the same response which is that they have not received the splividend!!! This is epic yet disturbing at the same time because it means the DTC did not successfully execute the distribution of the splividend to all shareholders. + +&#x200B; + +https://preview.redd.it/ee66ydg49sf91.png?width=1238&format=png&auto=webp&s=ddbcd638de484205fb977ce869927a4a0ad62da7 + +&#x200B; + +I'll make sure to keep Superstonk updated with any new info related to all of this - but I just have to say its pretty epic that we have journalists from major publications to start looking into this. While some of them have not been the most GME-friendly in the past, I think its important to be pressing towards them yet polite in order to get them to cover these issues. + +&#x200B; + +...stay tuned. +Sup simple Apes. I posted this a couple of months ago and it got some traction, here’s a repost. Worth another read. Let’s goooo: + +Loopring has a PATENT on decentralized exchanges active in the United States patent office. Potential to replace the NYSE. + +Check out the patent: + +[https://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&amp;Sect2=HITOFF&amp;p=1&amp;u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&amp;r=2&amp;f=G&amp;l=50&amp;co1=AND&amp;d=PTXT&amp;s1=Loopring&amp;OS=Loopring&amp;RS=Loopring](https://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&amp;Sect2=HITOFF&amp;p=1&amp;u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&amp;r=2&amp;f=G&amp;l=50&amp;co1=AND&amp;d=PTXT&amp;s1=Loopring&amp;OS=Loopring&amp;RS=Loopring) + +&gt;Filed July 1, 2018 + + +Methods for preventing front running in digital asset transactions + +Abstract: + +&gt;"Provided is a method for matching orders of digital assets. The method comprises: receiving a plurality orders of digital asset from a plurality addresses on a distributed ledger, wherein each of the orders comprises a digital signature of the address, an authorizing public key, and an authorizing private key." + +Sounds to me like they have already beat the market in the US. This means ANY company that wants to use a decentralized exchange for ANY product will have to go through loopring. + +Of course, nobody can ban a specific chain entirely -- but loopring would be the goto for any corporation or business in America that wants to access a decentralized layer 2. They can't have competitors in the US. + +This is open sourced and on Ethereum so no centralization! Vitalik Buterin has said the future of Ethereum lies on layer 2 built with zkRollups. + +Loopring is working on a zkEVM (Ethereum Virtual Machine)! + +zkRollup allows for secure transactions with ZERO fees within L2. + +This post was trending already with *similar* information: + +[https://www.reddit.com/r/Superstonk/comments/qj1ebm/why_are_gamestop_partnering_with_loopring_the/?utm_source=share&amp;amp;amp;utm_medium=ios_app&amp;amp;amp;utm_name=iossmf](https://www.reddit.com/r/Superstonk/comments/qj1ebm/why_are_gamestop_partnering_with_loopring_the/?utm_source=share&amp;amp;amp;utm_medium=ios_app&amp;amp;amp;utm_name=iossmf) + + +The patent was granted on July 16, 2019!! +[https://uspto.report/patent/grant/10,354,236](https://uspto.report/patent/grant/10,354,236) + +&gt;Abstract +&gt;Provided is a method for matching orders of digital assets. The method comprises: receiving a plurality orders of digital asset from a plurality addresses on a distributed ledger, wherein each of the orders comprises a digital signature of the address, an authorizing public key, and an authorizing private key. + + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + + +Edit 01: This appears to be a link to loopring's actual patent: + +[https://uspto.report/patent/app/20190251627#:~:text=loopring](https://uspto.report/patent/app/20190251627#:~:text=loopring) + +Importantly, it is a patent for their specific loop method of order matching/resolution, not DEXs generally or absolutely. +Until 10 minutes ago I was broke. My bank account barely had $5 in it and my crypto portfolio was barely worth $20. But not anymore. Today I finally became a millionaire. Here's how I did it. + +First, I got 0.1 ONE (around $0.01) from CryptoRoyale and sent it to my Metamask wallet. + +I then went to TokenJenny and created my own coin. I chose a total supply of 1,000,001 + +I paid a fee of 0.0038 ONE to mint it. And now it was in my wallet. + +https://preview.redd.it/7zbujfyqbwq71.png?width=854&format=png&auto=webp&s=8f3821d56f784d91f2c6302872d424def50490e2 + +As you can see I now have 1,000,001 RICH tokens. But at moment they are worth nothing. But not for long. + +&#x200B; + +I went to Viperswap and swapped 0.0062 ONE for 0.001 USDC + +https://preview.redd.it/4fhtoslxcwq71.png?width=1077&format=png&auto=webp&s=7db2abb2365e56918010f49cc7dda25f15ba532e + +I then created a trading pair for my coin on Viperswap. + +I added 0.001 USDC and 0.001 of my coin to the liquidity pool and approved it. + +https://preview.redd.it/39qga5i9fwq71.png?width=1248&format=png&auto=webp&s=40c93cd1853c74fa2871932e6d19decff6b5204e + +As you can all clearly see, 1 RICH = 1 USDC now. Which means I'm now officially a millionaire since I still own 1,000,000.999 RICH tokens. + +See yall at the lambo dealership. + +&#x200B; + +https://i.redd.it/517cdszyfwq71.gif +Hi there, I was wondering if anyone could recommend some books and/or articles on the 2008 financial crisis. It can be highly detailed and focus on a specific topic like the role of shadow banking or something more broad. + +I’d like to come away with a better understanding of the whole ordeal as well as the current banking system so any and all recommendations are appreciated. Thanks a bunch. + +Edit; really thanks a lot to everyone for all the great recommendations, I probably won’t be able to read them all but this has definitely been a great help and hopefully people than me have or will get something out of this thread! +Hi, so we escaped Melbourne due to the cost a few or years or so ago before the pandemic hit. We ended up in Darwin of all places. The rents were pretty reasonable at the time. We were paying $450 per week for a decent home in a suburb called Anula. Then the pandemic hit. + +My landlord was the handyman for the property so we often spoke. He told me he lost his job so he was very thankful that I never missed a payment during the midst of confusion and heavy lockdowns. At the end of the lease agreement they asked us to vacate the property. The house was readvertised for $500 per week. What sucked the most was the fact my wife had quite literally just returned from hospital after giving birth. We quickly looked for advertised homes and then had a new problem. Vacancy rates were almost 0!!! + +I remember being so pissed and sad. I was employed and I could not even afford / get a house. I also could not pay 12 months in rent which seemed to help people get across the line. By pure luck we managed to secure a 3 bedroom 300m2 home in Palmerston (about 20 mins from town) for $550 a week. It was expensive and would impact our cashflow but it we somehow managed. Deferit. After pay. Zip pay etc to keep up with bills (all paid back eventually). All was going well until our new recent lease negotation kicked in. They wanted $600 per week. We reluctantly agreed but were more concerned with being homeless if we could not find a property within 4 to 5 weeks. + +By this point I cracked it again. I opened up Realestate.com.au and had a look how far my money could go in other regions. I somehow ended up looking at Townsville. It was not as hot as Darwin, it has a better Hospital and Uni and it was a slightly bigger town. It also was close to Cairns, Airlie Beach and Whitsunday (which I love). Overall it just seemed like a good option relative to Darwin for a similar life style. + +We ended up buying a 900m2 4 bedroom home over there in a family suburb which is about the same distance to town where we lived in Darwin. The only differene was for the same quality home and proximity to town, we would have to pay about $200K more in Darwin (???). + +Long story short, our costs have been cut almost in half and it has improved our quality of life significantly. You do need to be careful of not buying in a flood zone as this can leave you with high insurance costs. We also got solar as Townsville has over 300 sunny days per year which has cut costs significantly too. + +I used to be a share guy through and through but now a PPOR is just a non-negotiable for me now. It really impacted my families and my own well-being during this pandemic. There were times were I was questioning life. It felt like everything was going against us. Child care costs, school costs, housing costs, petrol costs, food costs.... like man was it tough. + +Curious if anybody has similar stories? I'm sure there are other people like me out there. Hope you're doing alright!!!! + +Ps sorry if punctuation isnt great. Attempted to share this from my mobile device. +Was there an "ah-hah" moment? Did you realize anything through backtesting? What gives you the confidence that you can consistently make a living doing this? Do you trade strict R:R or momentum? How did you discover the thing that made you profitable? + + +Struggling here. +**TL:DR - Teachers pension pots are seemingly at risk, SHFs don't want investors pulling their money out of the NYSE and the MSM still aren't doing anything to warn the public of the trouble brewing beneath the surface. MOASS soon?** + +What a crazy weekend. + +Didn't think after all the chaos and adventure we had at the end of July (and all of August), we'd be seeing posts asking for **more** proof that the DTCC committed international securities fraud but I guess there's never any harm in collecting as much concrete evidence as possible to present the facts - and thanks to the collaborative efforts of internet sleuths everywhere, we are able to accomplish just that. + +That said, be sure not to be distracted from other important conversations like [the upcoming EU vote on the CSDR rule](https://www.reddit.com/r/Superstonk/comments/wz2n2k/why_you_should_care_about_the_upcoming_eu_vote_on/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) or [SEC is allowing the OCC unlimited access to money in pension funds and insurance companies](https://www.reddit.com/r/Superstonk/comments/x56h7d/the_fox_is_guarding_the_hen_house_the_sec_is/) \- but let's get back to addressing the elephant in the room. + +**The DTCC committed international securities fraud** and no one is talking about it. + +................................................... + +^(\*\*Here's some of the assembled evidence we have - please do link more below in the comments:) + +* [^(Evidence the Stock Split dividend ISO code is DVSE, Not SPLF)](https://www.reddit.com/r/Superstonk/comments/x5eshu/everyone_keeps_asking_for_proof_of_the_fraud_by/in13pjv/?context=3) +* [^(DTCC form for GME splividend from DnB - includes reference stock split, not dividend)](https://www.reddit.com/r/Superstonk/comments/wf9mos/dtcc_form_for_gme_splividend_from_dnb/) +* [^(Here is the Securities Fraud law broken by the DTCC. Securities and Commodities Fraud 18 U.S. Code Statute 1348)](https://www.reddit.com/r/Superstonk/comments/x5sgk2/here_is_the_securities_fraud_law_broken_by_the/) + +^(In regard to clarification about the FC-02/FC-06 code, seems this has been debunked. Leaving here for visibility:) + +* [^(DD which aimed to clear up any further confusion on said allocation of code)](https://www.reddit.com/r/Superstonk/comments/whup7y/clearing_up_the_recent_misinformation_about_the/?utm_source=share&utm_medium=web2x&context=3) +* [^(DTCC instructed the transaction partner of Trade Republic with the FC-02 function code)](https://www.reddit.com/r/Superstonk/comments/x6a3mv/german_ape_here_second_try_due_to_me_forgetting/?utm_source=share&utm_medium=web2x&context=3) +* [^(Comment that debunks theory - A stock split in the form of a dividend SHOULD be FC-02.)](https://www.reddit.com/r/Superstonk/comments/x6m6za/comment/in7sk4j/?utm_source=share&utm_medium=web2x&context=3) + +[CEO Michael C. Bodson stepped down from his role on the 12th August after ten years at the DTCC, just after the GameStop Stock split. How about that for Cohenicidences? ](https://preview.redd.it/7m2sw25f0tl91.jpg?width=872&format=pjpg&auto=webp&s=fdc239852c68716e18a5cc3e0ae39ab72fdb1a35) + +In [earlier posts](https://www.reddit.com/r/Superstonk/comments/x47lgr/its_been_nearly_a_month_since_a_letter_entitled/?utm_source=share&utm_medium=web2x&context=3) I explored some potential reasons for the on-going media blackout but realise that I haven't really talked about **WHY** is it important that the mainstream media needs to report that the **DTCC committed international securities fraud** and seemingly, why the story getting out could spell trouble for the SHFs whilst protecting the general public. + +# BACK TO BASICS + +**So who are the DTCC / DTC, and what do they do:** + +* The Depository Trust and Clearing Corporation (DTCC) is a financial services company that provides clearing and settlement services for the financial markets and settles most securities transactions in the U.S. DTCC's subsidiary. +* The Depository Trust Company (DTC) provides securities movements for NSCC's net settlements, and settlement for institutional trades (which typically involve money and securities transfers). + +Basically this means that the DTC, an extended division of the DTCC corporate umbrella, have a contractual obligation (as custodians of the shares on the NYSE) to manage securities in a way that meet the expectations and demands of the companies, like GameStop. + +And here's a recap of how I understand our current situation to be: + +1. ⁠Gamestop is the victim of **naked** shorting by hedge funds, meaning more shares exist than should be legally possible. +2. ⁠Gamestop declares a four-for-one split of the Company’s Class A common stock in the form of a [stock dividend](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-four-one-stock-split) +3. ⁠There exist more shares than available dividends meaning the DTC need to make up for this somewhere or reveal the fact there they are short. +4. ⁠Everyone gets their shares / everyone is suspicious. +5. ⁠Various brokerages across Europe inform apes that they were told to issue the dividend as a stock split. +6. ⁠We were provided [again, more damming evidence of the wrongful processing procedures used.](https://www.reddit.com/r/Superstonk/comments/x5eshu/everyone_keeps_asking_for_proof_of_the_fraud_by/) + +As such, we are beginning to understand now that the DTC were unable to facilitate the distribution of the dividend as instructed by GameStop, and thus went against the companies wishes by telling brokerages to issue any outstanding shares as a stock split. **This was fraudulent.** + +# So why is this a big deal? + +Because there is no reason there should have been an issue with allocating the dividend shares, as were provided by Gamestop, to the shareholders - that is, unless the company had been victim of **naked shorting which is the** [**illegal**](https://www.investopedia.com/terms/n/nakedshorting.asp#:~:text=Naked%20shorting%20is%20the%20illegal,before%20they%20sell%20it%20short) **practice of short selling shares that have not been affirmatively determined to exist** \- so why process this as a stock-split, and not a dividend? + +Not to mention, these are some of the issues that have happened as a result of this: + +1. People didn't receive their shares when promised. +2. People had their shares removed from their accounts after the dividend-split *(I'll refer you to the German saga that took place here around the start of August).* +3. People had GME short positions opened in their \*cash\* accounts as a result of the split *(this was a* [*wild one*](https://www.reddit.com/r/Superstonk/comments/wb54hz/ibkr_have_admitted_to_opening_a_short_position_on/?utm_source=share&utm_medium=web2x&context=3)*).* + +And who knows if there are tax-related implications that could also follow? + +So given that this is something of 'red flag' already, it strikes me as odd that if those as accused had the evidence to prove their innocence or correct us on this matter - wouldn’t they have absolutely done that already? I mean, I would imagine **any** opportunity to expose this corner of the internet as the true 'cOnSpIrAcY' theorists they claim we are would be something they would bite off your hand to do. + +But alas, they haven't. + +And judging by the growing assembled evidence, it's because they can't. + +............................... + +So going on the assumption that everything we have collated together here is indeed, **correct**, let's have a look at some of the possible reasons for the on-going, and painfully deafening, radio silence: + +*\*\*and for a more in-depth coverage, there is countless great DD out there in which explore all these topics in exquisite detail.* + +# THEY DON'T WANT INVESTORS TO WITHDRAW THEIR FUNDS FROM THE NEW YORK STOCK EXCHANGE. + +Seems an obvious point to make but roll with me on this one. + +I'm only going to gloss over these points as there are far more proficient write ups out there on this subject and I would be doing them an injustice by trying to replicate it here but it seems to me that if investors get spooked and remove their money from the NYSE, well - that might just spell out trouble for anyone over-leveraged out there and any value in the collateral they hold, especially if they hold a number of open naked short positions. + +I mean if this was the case, and SHFs were in fact frightened that investors might withdraw their money from under their domain, they would probably do something about it, right? + +Like, say **Citadel setting new withdrawal terms for clients?** + +https://preview.redd.it/3aghm2fpttl91.jpg?width=686&format=pjpg&auto=webp&s=6cbdf4c1cd4d31eb1e27bf2f5727337a9f2e46a6 + +\[[source](https://www.reddit.com/r/Superstonk/comments/rabfs7/citadel_set_new_withdrawal_terms_for_clients_wut/) / [source](https://www.reddit.com/r/Superstonk/comments/raeuih/citadel_limited_investors_withdrawing_in_08_also/)\] + +According to a number of these sources, looks like Kenneth Griffin (Founder, chief executive officer, co-chief investment officer, and 80% owner of Citadel LLC) restricted clients from withdrawing investments last year (approx. 9 months ago) with these amended terms and conditions. + +Just for context, see how this compares to the previous T&Cs + +&#x200B; + +[Fees to put money in, fees for them to manage it, and fees to withdraw it. Citadel never miss an opportunity to make money.](https://preview.redd.it/uufajjz5utl91.jpg?width=960&format=pjpg&auto=webp&s=f96c6fd7592f139d2caaf3d5cf6ab065dd22acdb) + +\[[source](https://www.reddit.com/r/Superstonk/comments/raljjj/youve_seen_the_posts_about_citadel_updating_their/)\] + +And it seems that history has a way of repeating itself, because would you believe it - it's not the first time they've done this! + +Anyone else remember the crash in 2008? Seems Citadel Securities restricted investor withdrawals back then, too! + +https://preview.redd.it/jo6noz5tvtl91.png?width=722&format=png&auto=webp&s=c9eb5b2d6cd1116b10742ad999659b32924bb5a3 + +\[[source](https://www.thestreet.com/investing/funds/hedge-funds-the-road-back-10468466)\] / \[[source](https://www.reuters.com/article/citadelinvestment-idUSN1614248720090916)\] + +Anyone else noticing a pattern here? + +[Seems history really does repeat itself.](https://preview.redd.it/yd9pv14zvvl91.png?width=1764&format=png&auto=webp&s=8fb3b4ead2e72609576766cebf9b6d3c023e1cbe) + +\[[source](https://www.reddit.com/r/Superstonk/comments/nz7qzl/ken_griffin_talks_about_how_they_survived_2008/)\] + +But rest easy, seems that some people are getting the memo as according to this post, **Citadel Securities has had investor withdrawals of $470,000,000 as of February 25th, 2022 per self-reported 2021 financial statement:** + +https://preview.redd.it/5agv2u2wutl91.jpg?width=960&format=pjpg&auto=webp&s=c7c2475031f704ad31f4404450fe30de9cc6a5c7 + +\[[source](https://www.reddit.com/r/Superstonk/comments/t3lwpp/citadel_securities_has_had_investor_withdrawals/)\] + +So assuming that if there are any short hedge funds still in trouble out there, which is surprising as many financial bodies have gone to *excessive* lengths to reassure the public they have closed their short positions (and it's not as if any of them have *ever* lied before [**https://www.kengriffinlies.com/**](https://www.kengriffinlies.com/)) they may not be wanting to lose any further access to investor funds. + +Especially considering that Kenneth Griffin had to borrow a whooping [$600 million dollars](https://www.ft.com/content/f3206b39-0cd9-4956-8a87-f5b2f85025ea) earlier this month. Ouch. + +https://preview.redd.it/cvah861gwtl91.jpg?width=960&format=pjpg&auto=webp&s=7016f4cfdb6710168fdb0ab5eb065095af0d30e6 + +Objectively speaking, it could be interpreted that Citadel might be in a bit of a financial pickle here - and should news of the **DTCC Committing International Securities Fraud** get out, I could only imagine this would make things worse. + +Not to mention, it's not just the US share holders we're talking about here but a load of international investors withdrawing all their funds would probably have quite the impact on the value of the dollar (and can't imagine the FED would be a fan of that considering they are already flooding the US with an [infinitive supply of funds](https://www.reddit.com/r/Superstonk/comments/vywx2r/phone_number_price_target_confirmed/?utm_source=share&utm_medium=web2x&context=3) at the federal reserves, which might have something to do with the increasing inflation rates). + +https://preview.redd.it/pataww47ytl91.jpg?width=1208&format=pjpg&auto=webp&s=be37b9dc3e7b135aa05a18c798ef7e66450cfcd2 + +And speaking of international investors - according to this [post](https://www.reddit.com/r/Superstonk/comments/w0nhl8/did_anyone_catch_that_citadel_advisors_llc_became/) \- **Citadel Advisors LLC became Citadel L P in March of this year, and their SEC filing shows that 44% of their clients are non-United States persons, and most of the money under management (72%) belongs to non-U.S. persons.** + +Woah. + +Seems Citadel really need these international investors. + +Now just imagine the MSM actually did take to reporting the news and informed the general public, based on the evidence we have collected here, that the **DTCC committed international securities fraud** and then everyone removed their shares from the NYSE platform. + +Well... I wonder what that would do to all value of the stocks listed as assets on all those SHFs books once people started to withdraw their investments? Bye bye collateral. Bye bye liquidity. + +Not to mention what it would do for the integrity of the New York Stock Exchange. Wouldn't that speed up the crash that Burry keeps going on about? + +https://preview.redd.it/6bfrq1hkktl91.jpg?width=640&format=pjpg&auto=webp&s=7338140756fd9d6c5ac28309f6a8e4f5d7770c82 + +And god forbid, SHFs suddenly find themselves margin called because they no longer have enough collateral to off-set all their bad bets because their clients are withdrawing their money and selling their stocks on mass. + +https://preview.redd.it/2tltra0jktl91.jpg?width=600&format=pjpg&auto=webp&s=1e5de250ee839c8aa4da118bc971f03f9b67cc03 + +Well, that's just one theory. + +.............. + +And very briefly focusing on matters a little closer to home, it seems that in a bid to get access to more money - there's now developing some considerable cause for concern when it comes to the safety of **teachers pension pots.** + +I really wish I was kidding. + +Even now, there's been a fair bit of conversation surrounding **the SEC allowing the OCC unlimited access to money in pension funds, insurance companies, and other institutional investors.** \[[source](https://www.reddit.com/r/Superstonk/comments/x56h7d/the_fox_is_guarding_the_hen_house_the_sec_is/)\] and I see you recoiling in horror when thinking about how innocent, under funded and hard working school teachers, of all people, might find themselves suddenly caught in the cross-fire but I'm afraid - it's not easy reading from here on. + +Well, some have speculated that: **Ken Griffin plans to use teacher pensions to go long on REX (GameStop single stock short ETF) which he will then naked short REX in to oblivion as a counter measure to the MOASS** ([source](https://www.reddit.com/r/Superstonk/comments/x2vmif/ken_griffin_plans_to_use_teacher_pensions_to_go/)) ([source](https://www.reddit.com/r/Superstonk/comments/vygz4z/are_you_infuriated_at_the_incoming_singlestock/)) + +[Investor protection, what's that?](https://preview.redd.it/qrrjzozkpul91.jpg?width=1170&format=pjpg&auto=webp&s=cf3e6ded3c716fac95b5fad53acedacface9f3c3) + +And it's not as if it's the first time a hedge fund has lost money from pensions. check out **Allianz, in Germany, who lost 7 billion from Arkansas Teachers pension \[**[source](https://www.reuters.com/business/finance/germanys-allianz-its-us-funds-troubles-2022-05-17/)\] + +Here's hoping SHFs won't be borrowing any money they can't pay back. + +Especially since there appears to be a less than harmonious relationship there already. Here's Kenneth Griffin (2021), **directly blaming teachers unions for our economic issues: \[**[source](https://www.reddit.com/r/Superstonk/comments/uulhve/ken_griffin_is_so_concerned_that_apes_looted/?utm_source=share&utm_medium=web2x&context=3)\] + +And some research I found into some of his recent investments: + +[Financed anti-teacher campaigns AND wanted to break the Chicago Teachers Union too? ](https://preview.redd.it/itb750h2oul91.png?width=1180&format=png&auto=webp&s=1a4746ae10849faf311ce1e8544f935cd9e64b29) + +\[[source](https://news.littlesis.org/2019/10/18/striking-chicago-teachers-are-taking-on-the-billionaire-class-that-is-robbing-students-neighborhoods/)\] + +Seems to me that MSM need to be doing more to **warn and protect** those might be at risk and why there are such issues surrounding the mis-managements of funds and securities on Wall Street - especially when this affects a lot more than *just* the retail investors out there. + +**And regardless of whatever stories they paint about us after MOASS, you can see here that we have been trying to spread the word so we can HELP people.** + +................................................... + +So what do we do about it? + +[Let your voice be heard.](https://preview.redd.it/d2rp7390dul91.jpg?width=620&format=pjpg&auto=webp&s=9a81a71693a05ec4294e4976dbbd16e2d2ffc7c6) + +Well since the corporate-owned media institutions, or even the publicly funded ones like the BBC, are seemingly unwilling to report this to the public **(that does not get them off the hook)**, it seems we need to throw the net a little wider and reach out to independent journalists. + +The ones that inspire us constantly with their integrity, tireless determination and provide us with the ground-breaking stories that change the world (like the whistleblowers featured in the incredible film [Spotlight](https://www.imdb.com/title/tt1895587/)). + +I feel collectively we have a responsibility as the bearers of this knowledge to warn others that their livelihood and investments are potentially at risk. Especially, seemingly, since others are unwilling to do so. + +So I’m going to share again a **UNIVERSAL TEMPLATE** that anyone could send to those you think may be willing to listen. + +\>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> + +**Dear Sir/Madam,** + +**I have evidence to believe that the DTCC has committed securities fraud on the ticker GME (GameStop) which is diluting the value of shares held by institutional and retail investors around the globe.** + +**Here is a very short article on Medium:** [https://medium.com/@cuitlahuacpinedayouniss/has-the-dtc-failed-to-deliver-gamestops-dividends-25860d01d1f8](https://medium.com/@cuitlahuacpinedayouniss/has-the-dtc-failed-to-deliver-gamestops-dividends-25860d01d1f8) **which aims to not only provide context as a basis for this letter - but shows there exists extensive evidence demonstrating that many brokerages around the world were informed by the DTC, who are the custodians of these securities, to issue shares on behalf of GameStop in a manner that was fraudulent and against the wishes of the company.** + +**The Depository Trust and Clearing Corporation (DTCC) is a financial services company that provides clearing and settlement services for the financial markets and settles most securities transactions in the U.S. DTCC's subsidiary, The Depository Trust Company (DTC) provides securities movements for NSCC's net settlements, and settlement for institutional trades (which typically involve money and securities transfers).** + +**Being such an essential functioning key participator within the American Financial Markets, it struck me as odd that instead of filing the correct form needed to carry out the split-dividend as was issued by the company (a statement as provided by GameStop to clarify the nature of the request as was issued 05/08/22:** [https://news.gamestop.com/stock-split/?n](https://news.gamestop.com/stock-split/?n)**) the** **DTC told brokerages in the US, and internationally, to split the GME shares into four, rather than issue dividend shares as per the corporate action described in GameStop's 8-K filing.** + +**Here in this form, you can also see the process type was listed as 'stock split' and not dividend, as was instructed:** [https://www.reddit.com/r/Superstonk/comments/wf9mos/dtcc\_form\_for\_gme\_splividend\_from\_dnb/](https://www.reddit.com/r/Superstonk/comments/wf9mos/dtcc_form_for_gme_splividend_from_dnb/) + +**It should also be noted that this** **should have been performed under the DVSE ISO code but, again, wasn't. Further discussion and evidence to support these claims can be found here:** [https://www.reddit.com/r/Superstonk/comments/x5eshu/everyone\_keeps\_asking\_for\_proof\_of\_the\_fraud\_by/](https://www.reddit.com/r/Superstonk/comments/x5eshu/everyone_keeps_asking_for_proof_of_the_fraud_by/) + +**The DTC instruction also specified ISO-15022 code SPLF (Forward Split) rather than DVSE (Stock Dividend) so cannot be excused an US Imperial/Metric cause of mistake. See:** [https://www.iso20022.org/15022/uhb/mt564-5-field-22f.htm](https://www.iso20022.org/15022/uhb/mt564-5-field-22f.htm) + +**And here is the Securities Fraud law broken by the DTCC. Securities and Commodities Fraud 18 U.S. Code Statute 1348:** [https://www.reddit.com/r/Superstonk/comments/x5sgk2/here\_is\_the\_securities\_fraud\_law\_broken\_by\_the/](https://www.reddit.com/r/Superstonk/comments/x5sgk2/here_is_the_securities_fraud_law_broken_by_the/) + +**So this begs the question: Why can’t the DTC deliver the product they are custodians of?** + +**Canada's own CDS (The Canadian Depository for Securities Limited) has stated that the DTC advised them to split the shares rather than distribute new dividend shares. The GameStop 8-K filing, dated July 6, 2022 states that the 4-1 split is to be issued "in the form of a stock dividend." Reference:** [https://news.gamestop.com/node/19826/html](https://news.gamestop.com/node/19826/html) + +**In Germany the same thing is occurring and the Bafin (essentially the securities exchange police), have confirmed that GameStop dividend shares are incorrectly booked in Germany. Reference:** [https://www.bafin.de/SharedDocs/Veroeffentlichungen/DE/Meldung/2022/meldung\_2022\_08\_02\_gamestop.html;jsessionid=6718D126425080BD1AD3C6C26C55F6A3.1\_cid502](https://www.bafin.de/SharedDocs/Veroeffentlichungen/DE/Meldung/2022/meldung_2022_08_02_gamestop.html;jsessionid=6718D126425080BD1AD3C6C26C55F6A3.1_cid502) + +**The same reports are emerging at a concerning rate from as far reaching as Korea, Hong Kong, Switzerland, Cyprus and many other countries around the globe.** + +**Reports out of Korea are stating that their International Equities Team along with their Depository Leader and Counselor will be making a statement on this situation shortly. This is all further evidence that naked shares (otherwise known as synthetic shares or counterfeit shares) have been issued en masse to retail investors around the globe. For your reference, Naked shorting is** **the illegal practice of short selling shares that have not been affirmatively determined to exist.** + +**This should be front page on every newspaper around the world and now that this information is in your capable hands, I trust you will do all that you can in your endeavours to investigate this further for the sake of ensuring that the public are well informed and protected in light of potentially criminal activities.** + +**Thank you,** + +**Additional reading:** + +1. [https://www.reddit.com/r/Superstonk/comments/wg2e7j/beyond\_the\_wool\_the\_smoking\_gun\_and\_how\_the\_dtcc/](https://www.reddit.com/r/Superstonk/comments/wg2e7j/beyond_the_wool_the_smoking_gun_and_how_the_dtcc/) +2. [https://twitter.com/dlauer/status/1554128249638330369](https://twitter.com/dlauer/status/1554128249638330369) +3. [https://www.reddit.com/r/Superstonk/comments/whu9dm/we\_having\_fun\_yet/](https://www.reddit.com/r/Superstonk/comments/whu9dm/we_having_fun_yet/) +4. [https://www.reddit.com/r/Superstonk/comments/wg19eg/korean\_apes\_havent\_received\_their\_dividend\_ksd/?context=3](https://www.reddit.com/r/Superstonk/comments/wg19eg/korean_apes_havent_received_their_dividend_ksd/?context=3) + +**>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>** + +Any improvements or corrections, please share them below and I will amend. **And here are some contacts you can start by reaching out to but feel free to add more in the comments below:** + +[International Consortium of Investigative Journalists](https://preview.redd.it/0kgnjkc5aul91.png?width=2642&format=png&auto=webp&s=d558c54cce37d5dd22a2812ba343c191eb7286a9) + +* International Consortium of Investigative Journalists - [https://www.icij.org/leak/](https://www.icij.org/leak/) / [contact@icij.org](mailto:contact@icij.org) +* 60 minute news - [investigates@cbsnews.com](mailto:investigates@cbsnews.com) +* Jon Stewart - [thedailyshow@comedycentral.com](mailto:thedailyshow@comedycentral.com) \*\**sharing this as he's done work on this subject matter before, as well as an AMA here.* +* Wall Street On Parade *-* Russ Martens [ram741@aol.com](mailto:ram741@aol.com) / Pam Martens - [pamk741@aol.com](mailto:pamk741@aol.com) +* The intercept: [https://theintercept.com/source/](https://theintercept.com/source/) / [tips@theintercept.com](mailto:tips@theintercept.com) +* Top 12 Most Influential Journalists Of 2020: [https://www.nyfa.edu/student-resources/top-12-influential-journalists-today/](https://www.nyfa.edu/student-resources/top-12-influential-journalists-today/) + +*If you have other contacts, please share and I will update the list with your recommendations.* + +**Contact Government representatives:** + +1. To find your local MP (in the UK) - you can do this here: [https://members.parliament.uk/members/Commons](https://members.parliament.uk/members/Commons) +2. To find your state representative (US) - you can do this here: [https://www.house.gov/representatives/find-your-representative](https://www.house.gov/representatives/find-your-representative) + +**Financial regulators:** + +1. If you've bought shares through a UK broker, they are regulated by the FCA (Financial Conduct Authority): [https://www.fca.org.uk/markets/market-abuse/how-report-suspected-market-abuse-individual](https://www.fca.org.uk/markets/market-abuse/how-report-suspected-market-abuse-individual) +2. For the US, Canada & Mexico this is how to contact your state/province securities regulator: [https://www.nasaa.org/contact-your-regulator/](https://www.nasaa.org/contact-your-regulator/) + +....... + +^(For clarification sake, I do not represent this community and will never speak on behalf of it) *^(especially)* ^(to any MSM source. I am an individual retail investor and my concern lies exclusively with sharing information as pertinent to people’s investments and raising awareness to activity that poses a risk to said investments as held and managed within the US stock exchange as I have evidence to suggest that the DTC has committed international securities fraud. This is not financial advice.) +It’s been a pleasure knowing every single one of you. That’s it. No wager, no up-the-bum dare, just to thank you all for the journey. + +Some day soon we’ll look back on the halcyon days of 2021/22 and wonder how we ever had it so good. Recalling the days that we thought we were struggling, but realising that we were actually growing and thriving as a community. + +Of course, nothing will happen Tuesday, the stock will tank 15%, and we will just start getting hyped for the next date, but the sentiment still stands. + +I won’t be going to any post-MOASS parties and will probably burn this account, so farewell and good luck to all you lovely apes x +Yesterday I saw a post about someones trade not showing IEX as the route when using TD Ameritrade. + +Post here: + +[https://www.reddit.com/r/Superstonk/comments/p6vsaj/anyone\_else\_on\_tda\_seeing\_their\_iex\_routed\_orders/h9gag5k/](https://www.reddit.com/r/Superstonk/comments/p6vsaj/anyone_else_on_tda_seeing_their_iex_routed_orders/h9gag5k/) + +There's an even older post on this topic from 4 months ago: + +[https://www.reddit.com/r/Superstonk/comments/mq9rs1/i\_tried\_the\_iex\_trading\_through\_td\_ameritrade\_and/](https://www.reddit.com/r/Superstonk/comments/mq9rs1/i_tried_the_iex_trading_through_td_ameritrade_and/) + +Having used TD Ameritrade for some GME purchases that same morning, I checked my transaction history and, sure enough, my trades also listed CDRG as the route. + +CDRG is a part of Citidel: [http://help.tradestation.com/09\_01/tradestationhelp/routes/cdrg.htm](http://help.tradestation.com/09_01/tradestationhelp/routes/cdrg.htm) + +I sent this message to TD Ameritrade support through their help system online: + +>Subj: **Trades placed today were not routed correctly.** +> +>Trades placed today were supposed to routed through IEX but we're routed to CDRG. My selected route is set to IEX, and routing them otherwise is a violation of FINRA rules. + +And this is the response I received today: + +>Hello REDACTED! +> +>I hope you are having a great day! My name is Amanda and I am happy to assist you today. +> +>Thanks for reaching out about this so we can clarify. We have no way of directly routing the order to IEX, so when you choose that as your option for direct routing it is sent to Citadel who routes it to IEX. The order is routed to IEX per your instructions, but it is done so by passing through Citadel first. +> +>Hopefully this helps clear it up, but if you have additional questions arise feel free to reach back out! Thank you for trading at TD Ameritrade, and I hope you have a great day! +> +>Best wishes! +> +>Amanda REDACTED +> +>Trader Support, Trader Services +> +>TD Ameritrade 800-672-2098 +> +>TD Ameritrade, Inc., member FINRA/SIPC. +> +>Not an offer or solicitation to conduct business in any jurisdiction where we are not authorized to do business. Communications may be subject to review. + +So clearly, the IEX routing that TD Ameritrade offers is dishonest at best, and blatant manipulation to trick investors at worst. + +Thoughts? Is anyone else seeing similar things? Is this something that should be escalated to FINRA or some other authority, since obviously, my trade was NOT routed directly to IEX as I was led to believe. + +Edit - adding screenshots of messages and order ------------------------------------ + +Response: + +[https://i.imgur.com/NXs9fDL.jpg](https://i.imgur.com/NXs9fDL.jpg) + +Initial message: + +[https://i.imgur.com/yfKk9hj.jpg](https://i.imgur.com/yfKk9hj.jpg) + +Yesterday's Order: + +[https://i.imgur.com/ju4onuV.jpg](https://i.imgur.com/ju4onuV.jpg) + +My preferences set to IEX: + +[https://i.imgur.com/ucaaMWw.jpg](https://i.imgur.com/ucaaMWw.jpg) +Given the context of this group (making a shit ton of money) whatever you end up with could put you at risk of things like ransom kidnapping. + +This is not a fucking joke, blur out their faces. Please. MODS PLEASE DONT LET PEOPLE POST PICTURES OF THEIR CHILDREN. + +Edit: I’m talking about posting pictures in this sub and other GME subs. However, if you post in another sub it is still linked to your name. + +Whether you post on social media is your call, if you don’t display your wealth or you have private socials then I don’t see a problem. + +The biggest risk comes from people knowing that there will be millionaires made in the sub and that makes you a target. Don’t make it easier by showing them your kids faces. +RC has been coming in hot with these BCG tweets. And it has brought to light so much about BCG and their connections with a lot of the fuckery that has been going on. I feel like Papa Cohen knows something more about BCG, and is actively putting the spotlight on them so we can figure it out. Every day we see some kind of connection between BCG and Shitadel, or some bigwigs in Wall Street. Could it be that exposing BCG will be the first step to MOASS? It has already been established that these hedgefucks and their cohorts are fraudulently rigging the market to their favor and BCG is well connected to a lot of the big players in the market thanks to a lot of the research in the bile that is the market. I think there may be something more. Something, that if brought out, could truly fuck over the SHFs and make them get some actual jail time. + +Either way, even if sooner or later, MOASS is inevitable. They can kick the can day after day, but it doesn't stop the fact that shorts have to **close**. +&#x200B; + +[No problem here. ](https://preview.redd.it/2k359lm3tf371.jpg?width=1366&format=pjpg&auto=webp&s=9fe0a12d5bef1c8610ba126551a1aef98a827460) + +Ponder with me for a moment: + +A Tsunami is coming to hit New York but the *public has no idea*. + +The Weather Channel has spent weeks bringing in experts to talk about anything else. + +They know. + +Hours of experts discussing how dry it is out west. + +They know. + +Charts and clips showing how beautiful the oceans are. + +They know. + +Any mention of troubled seas is blamed on amateur back-yard weather boys and the gamification of storms. + +Do meteorologists have a legal obligation to tell us? Maybe not. Do they have a moral obligation? *Damn right they do*. It’s people’s livelihoods after all and we have given this topic a platform for all to see. Farmers, Charter Captains and my mothers prize orchids *depend* on them. They welcome the content into our home. + +I’m a smart Ape, I get my weather info from reliable sources. Unfortunately, I’m competing against lies and manipulation as I try to get my family to higher ground. “It’s dry, the oceans are perfect.”, they say. + +I just want to save my family from this impending tsunami but they trust the Weather Station after 20 years. They love me but I’ve only been a weather-boy for 6 months so they want to wait and see. After all, even the warning signs would be obvious. There’s no way the Weather Channel would hide all of it. + +Last week the oceans receded and there’s a wall of water headed to crush my community. + +Meanwhile, the Meteorologist reads his teleprompter: *“Don’t say Tsunami, Don’t say Tsunami, Don’t say Tsunami.”* + +&#x200B; + +***“Tsunami, Yeah.”*** + +&#x200B; + +Burn it all down. +I wanted to start trading the wheel and made this spreadsheet for myself to get a better handle on things and to keep track of my trades. From what I've seen none of the trading software readily available tracks the wheel in a way that i like (but i'm a noob so whatever). + +https://docs.google.com/spreadsheets/d/1bRTvb-4-JRUsZztML9temcMWz3JtbS7QNNrwbDwgxiQ/edit?usp=sharing + +Make a copy for yourself pls :) + +The workbook has two tabs - one for papertrading and research, and one to mark my trades. I put in some numbers I saw today just to make sure all the math works. I also dont have anything for size, but just assuming 1 contract/100 shares for everything at the moment. Things will undoubtedly change when I actually make trades too. + +disclaimer: my funds are still being settled and wont be able to make any trades until next week most likely. + +my background: i've done a lot of heavy equities trading especially in the late 00's. Now I have a normal job and my non-retirement portfolio is generally all long-term. Like many people, i got into 2020 with a good entry point but the returns were bonkers even for boring trades, so i'm looking to take some of the winnings and be more proactive. + +If there's anything the last year has taught me, WFH grants me the time to look at the markets every morning, so why not be more active on trade more? + +I've been educating myself on options for the past few months but the wheel is the only strategy (that i've found) that looks to be (a) consistent if you know how to manage your risk and (b) just flexible enough. +ICICIdirect had convinced me into opening a demat account with them about a year ago, I have a quite small (less than 1L Rs. in holdings) stock portfolio I maintain with them at the moment which is all bluechip stock that I'm holding on for a longer horizon (>1 yr). + +Fast forward a year to today and I'm somewhat financially literate wrt the stock market but now I find the brokerages there really irksome compared to discount brokers (I should've looked at that before account opening but I didn't so that's that), and since I don't trade intraday I'm not really seeing a reason to stay on their platform... other than the research they put out maybe. My MF investments I did directly through PayTM money after doing some DD of my own so I don't see much point in their "full service" thing either. + +So in evaluating whether I should stay on their platform, I'm looking at whether the research they put out is worth anything. I will do my own due diligence into this of course, but I was wondering if anybody here has experience trading using their research with regards to: + +1) Whether it's worth what they charge for it. +2) How it helps you reduce the time you spend on DD. + +I tried searching for a thread on this topic in this sub but couldn't find any so posting one. +Been searching for months. The pay is $10.50/hr, full-time. Not great. My previous job was twice that. But I get insurance and benefits after 3 months. I haven’t had insurance in so long. I have been without medication for my chronic pain and I haven’t seen a dentist in 10 years. The job is 5 minutes drive from my place, but I want to cut my gasoline usage. I’m looking into getting a bike and it’ll only be 12 minutes away. It’s a job that I won’t hate. I won’t have to talk to many people, it’s warehouse type work, which is ideal for me. + +I’m definitely not where I want to be in life yet, but I am better off than I was yesterday. +Last week, I watched the [Four Corners episode on Qantas](https://www.youtube.com/watch?v=iQKnazRIEc8), and then just yesterday, I read this news article: [Qantas boss Alan Joyce blasted over eye-watering salary](https://www.news.com.au/travel/qantas-boss-alan-joyce-blasted-over-eyewatering-salary/news-story/71e64aa20c9ebfdf8df630cbb97276b5) (namely $75 million from 2012-2020, and another $4.2 million from 2020-2022). + +Alan Joyce has been CEO of Qantas since 2008. He has attracted controversy over those years, but especially in recent years as the reputation of Qantas has been plummeting. Which raises the following questions: + +* Why does Qantas retain him if it seems like he's doing a bad job? +* Why does he have such a strong grip on Qantas? It's not like he bought Qantas. +* Can't Qantas replace him with someone willing to accept a smaller salary (even a quarter of that salary is still a lot)? Less salary for the CEO = more money to invest in the future of the company or more money for dividends. + +Also, why does Qantas love using non-disclosure agreements? A few years ago, I watched [Channel 7's episode on QF72](https://www.youtube.com/watch?v=0cS1SMptlnQ), and I was shocked to see how much censorship goes on at Qantas. +[https://medium.com/@james.waugh28/corelogics-dirty-little-secret-db1314faf6d7](https://medium.com/@james.waugh28/corelogics-dirty-little-secret-db1314faf6d7) + +Two of the most widely sourced indicators for the state of the property market are the Corelogic daily and monthly indicators. + +Many people have recently observed that an increasingly high proportion of property sales have been published with “price withheld”, and I got curious about how and when these sales would be included in Corelogic price indices. Following enquiring with Corelogic and doing some of my own research, I came to discover the most widely cited price indices Corelogic publishes, namely the daily “hedonic” index and the monthly price index *do* use the “price withheld” sales, but that these are only incorporated once these sale prices are revealed to the valuer general some months later. + +If it were to be assumed that stronger sales are more likely to have their prices disclosed by the agents, and weaker sales are more likely to be “price withheld” the upshot would be that agents (or potentially shy vendors) have the ability to make the market appear stronger than it really is by simply reporting the prices of mainly the stronger sales. + +If this were to be true, it could mean that in times of weak conditions, you could expect that biasing to include mainly stronger sales (by reporting prices on mainly those sales) would bolster the index, and then later down the track, when the prices recover, and agents / vendors choose to report more sale prices again, the “price withheld” rate would start to drop. + +So how prevalent is this issue today? Well the answer is ***extremely.*** I looked into the auction results for the week ending 28 June 2020 for 25 different suburbs in NSW with the highest number of results and what I found was shocking even by my own cynical standards - 49% of sales were "price withheld" out of 100 sales in Sydney. + +The above shows that *around half* of property sales in Sydney had their prices withheld for week ending 28th of June (49% - and we can be 95% confident the true proportion is between 39% and 59% statistically speaking). + +What this means is that the recently reported “minor dip” in property prices is likely actually more akin to the prices cratering. Consider that if it were assumed that every “price withheld” sale on average is achieving a sale price that is 10% weaker than a reported sale price, the true property price index would have fallen by around 5% more than the reported fall (calculated assuming a 49% “price withheld” rate). + +It also shows very significant statistical evidence that the rate at which prices are withheld from sales is different within Sydney vs. outside of Sydney (p value = 0). “Price withheld” sales appear to occur at a far lower rate outside of Sydney. From the results I saw, it also appeared (anecdotally) as though the higher “price withheld” rate suburbs included more unit sales as opposed to houses. + +In statistics, basing conclusions from a sample of data that doesn’t represent the full picture is what is known as “sampling bias”. It’s pretty simple to understand; an example would be if the Government numbers for Australia’s average annual income were calculated from a survey conducted solely within Mosman, Point Piper and Kirribilli. Obviously, you couldn’t assume the sample is representative of all Australia. + +If it were to be true that “price withheld” sales have lower sale prices on average than reported sale prices, it would mean the market is seeming to be far rosier than it actually is in months when this rate climbs, since in those months, the index values are based only on the (assumed) stronger results (and prior months are closer to the true market state). So any growth trends are seemingly bullish, regardless of whether the market is flat or even declining. + +What’s even worse? [Real-estate.com.au](https://www.realestate.com.au/sold/in-dee+why,+nsw+2099/list-1?source=refinement) appear to have recently taken to suppressing the “price-withheld” sales from their search results, to conceal the extent to which this is taking place. The only way I could determine the extent to which “price withheld” sales are manipulating the current state of the market was by looking at individual auction results. + +A saying I like that summarises this problem perfectly is “you wouldn’t ask your barber if you need a haircut” (because he has a conflict of interest), however it seems in our property obsession, Australians have come to rely on asking agents how they think the market looks. The data above (very high withheld rates) seems to indicate that they can’t be trusted with this power. + +It is scary that the true state of the market is likely being hidden from potential buyers by a few highly motivated parties with questionable ethical standards, and even more depressing that the Government has done so little to regulate this poor behaviour. + +**Addendum — what will this mean moving forward for the index / market?** + +Some helpful users on reddit pointed me toward some information that implied that “price withheld” sales *are* included in the calculation of the CL Hedonic some months later when their prices are eventually disclosed to the Valuer General. What is not clear, and doesn’t appear to be disclosed by any Corelogic documentation is which date is used for these properties when they are interpreted to calculate the index; the date of the sale, or the date that the price was eventually disclosed to the Valuer General / Corelogic. + +The reason that is *very important* is because the calculation of the CL Hedonic uses a linear time weighting of prior sales when estimating how important the information of the sale was to our estimate of prices today (with more recent dates given a higher weighting than older dates). + +If it were to be that CL was using the sale date for “price withheld” sales, then these sales would never be an important data point in the calculation of the index (since by the time they are included, they are already ‘old’ sales, and hence are given low importance). Agents / shy vendors would therefore be able to manipulate the index & market sentiment by selectively only disclosing higher sale prices. + +If it were to be that CL was using the date at which the sale price arrives to the valuer general / CL as the date/age within their linear time weighting, we can expect the index to have the mother of all hangovers when these prices finally arrive into Corelogic’s data-set in 4 to 8 weeks and are given a high recency weighting when calculating the property index. + +All of this seems very unclear from their documentation online. Considering this is currently roughly half of the Sydney market today, this is certainly worth clarifying. +I was in a car accident a few days before my 18th birthday, ended up totaling my old Jeep Cherokee and was in need of a new vehicle. My dad is in prison and my mom makes minimum wage, so financial assistance from either of them has never been an option. + +I had $1000 from highschool graduation burning a hole in my pocket, and I needed a good commuter car to drive ~100 miles round-trip for work everyday. I decided on a 2015 Subaru Legacy; private seller and had to finance on a 4 year loan with high interest. + +For the past 17 months I have thrown every spare penny at my loan, trying to tackle it as fast as I could. I am in happy tears today as I put the last payment down on it and it's officially all mine! + +Edit: Thank you to everyone for the awards and kind words! I really appreciate ya'll sharing this milestone with me. Here are a couple methods I used to tackle my loan: + +•Plasma donation - my local plasma center was running a promotion for $700 in 8 donations; all this money went towards my car loan, and I kept on giving for an average of $90 a week (which also went toward my loan) +•Twice a month payments - When I was able, I would make two payments for the full amount of my monthly note. This helped speed up the payoff tremendously. +•Cash - I dont normally carry cash, so when I received cash/checks for holidays/birthdays, I went to the bank and deposited directly into my loan account. I wouldn't allow myself to put it in checking because I knew it would benefit me more towards my loan. +What's Price-to-Sales? It's a simple equation ... Market Cap divided by revenue (sales). Price-to-Sales is highly dependent on industry, with tech and growth companies often enjoying much higher Price-to-Sales ratios ... meaning their markets caps are typically higher compared to the revenue they generate when compared to industries like raw material producers or food wholesalers. + +Thankfully, the Stern School of Business at NYU is kind enough to track this information, breaking it down by industry. You can find this info here (current through January 2022): [https://pages.stern.nyu.edu/\~adamodar/New\_Home\_Page/datafile/psdata.html](https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/psdata.html) + +I've gone ahead and extracted the relevant bits, and it looks like this: + +https://preview.redd.it/kqrutps51jx81.png?width=1454&format=png&auto=webp&s=c1c9b582402fb7216978fc0d3dd7cb3273613dca + +So what does GameStop's current Price-to-Sales look like? Well, let's start with their 2021 revenue ([https://investor.gamestop.com/node/19651/html](https://investor.gamestop.com/node/19651/html)): + +https://preview.redd.it/1ptpxrrb1jx81.png?width=1802&format=png&auto=webp&s=c7971d74b837fd9459cd5ce62e439ad39ca0477b + +These amounts are in millions, so that's $6.01 billion in net sales in 2021. And GameStop's current market cap is $9.64 billion. We divide $9.64 billion by $6.01 billion, and we get a Price/Sales of 1.6 ... hmmm ... + +So, 1.6 might look pretty strong if GameStop were simply a dying brick-and-mortar specialty retailer and nothing more. In fact, for that industry, a Price/Sales of .88 is average. But does anyone really think GameStop is just a dying brick-and-mortar specialty retailer? I can't find recent info on this, but in Q4 2020, 34% of the company's quarterly sales were eCommerce (online) sales, and we know this has been growing like crazy since then. I wouldn't even be surprised if more than 60% of sales are now online sales. Online retailers typically have a Price/Sales of 3.5. So let's go with that, which is conservative I think given GameStop's unique position in the marketplace ... they really do sit squarely in the middle of a very unique intersection between industries, and there is every expectation that this will evolve rapidly in the near future. + +So if we use Price/Sales of 3.5, we'd multiply their 2021 sales ($6.01 billion) by 3.5 which equals $21.035 billion, and then we divide this by the number of Outstanding shares (76 million). This gives us a share price of $277. + +Now if the NFT Marketplace is as big of a success as RC, the board, and apes think it can be, then a Price/Sale of 5 or more might be appropriate. Even without this piece, if RC and the team can keep growing retail sales at the pace they are, a market cap of $25 billion or $30 billion seems very achievable in the next year or two. + +Shorts must be shitting in their, well ... shorts. + +https://preview.redd.it/hcsjp95y7jx81.jpg?width=500&format=pjpg&auto=webp&s=cbd778b14b06e752baf0402d92ee5127167f5d8f +100M viewers share passwords + +Analysts at Cowen Inc. estimate that Netflix’s effort could generate an additional $721 million in revenue next year in the U.S. and Canada + +The estimate is based on a survey asking consumers who share the account of a person they don’t live with how they would respond if Netflix required them to pay $3 a month to keep sharing, and factors in people who would pay more to start their own new accounts + +Sorry Netflix, not paying $3 a month extra for my generosity. Already changed my password today and my friends and family were not happy, but you made me the bad guy. + +I would double check that math on the $721M if you guys literally think that is just going to fall straight to the bottom line. The impact is zero. + +Time to short this shit. +I’ve called hundreds of apartment complexes listed as income restricted and all have waitlists into the next decade (slight exaggeration). How is someone supposed to find a home when they need one without having to live outside their means? + +And affluent people are buying up all the shitty starter homes and flipping them so that they are no longer affordable. The system is broken. +&#x200B; + +https://preview.redd.it/fj2bu27zd3091.png?width=962&format=png&auto=webp&s=b9cc0bb01b3e26575b24f22351fe2e230dbc1572 + +**TL;DR: This author's draft for a law journal seems to argue total return swaps are illegal af and secretly skirting Regulation T rules (the max margin allowed, up to 50% of the securities borrowed) and if this is the case then both Archegos AND prime brokers can officially get sued into the fucking ground for breaking the law/Reg T rules.Also looks like the author brainstorms a gameplay where Bill Hwang walks into court and tries to counterfuck the prime brokers claiming this clause called "in pari delicto" meaning they're just as guilty for his fuckup** + +&#x200B; + +[but also Superstonk interest](https://preview.redd.it/gdlh8l1zv2091.png?width=795&format=png&auto=webp&s=1853a1b9282dc889751dd12560b37b0c396d14a8) + +For the culture: [https://www.reuters.com/business/rise-fall-bill-hwangs-house-cards-2022-04-28/](https://www.reuters.com/business/rise-fall-bill-hwangs-house-cards-2022-04-28/) + +Forgot how I got here, but knowing all the Archegos/Bill Hwang shit just dropping, thought this was relevant + +[https://deliverypdf.ssrn.com/delivery.php?ID=020102027024077105127119064090019014122017071012062030101001071122113066067005126029056029020062102033001068103029095121125114015072091036076105095003003018073090029065064126011001069064003110120106115074111111107101075000101089068127065095023067003&EXT=pdf&INDEX=TRUE](https://deliverypdf.ssrn.com/delivery.php?ID=020102027024077105127119064090019014122017071012062030101001071122113066067005126029056029020062102033001068103029095121125114015072091036076105095003003018073090029065064126011001069064003110120106115074111111107101075000101089068127065095023067003&EXT=pdf&INDEX=TRUE) + +&#x200B; + +[St. Mary's University School of Law, where the paper is from](https://preview.redd.it/odz83ab643091.png?width=299&format=png&auto=webp&s=21fc59e839187452178a6e32b94f8de7a9f54a38) + +# Total Return Meltdown: The Case for Treating Total Return Swaps as Disguised Secured Transactions + +# Colin P. Marks + +*Abstract:* + +Archegos Capital Management, at its height, had $20 billion in assets. + +&#x200B; + +https://preview.redd.it/o56z5ntc43091.png?width=1280&format=png&auto=webp&s=63987fc78de3645b9bd11ee67568a2aba59ed475 + +&#x200B; + +**But in the spring of2021, in part through its use of total return swaps, Archegos sparked a $30 billion dollar sell-off that left many of the world’s largest banks footing the bill.** Mitsubishi UFJ Group estimated a loss of $300 million; UBS, Switzerland’s biggest bank, lost $861 million; Morgan Stanley lost $911 million; Japan’s Nomura, lost $2.85 billion; but the biggest hit came to Credit Suisse Group AG which lost $5.5 billion. **Archegos, itself lost $20 billion over two days.** + +https://preview.redd.it/x3b0vvka43091.png?width=600&format=png&auto=webp&s=cf3dedfcf5da8757ecd2bd2edf7e42e080cb1a0c + +&#x200B; + +**These losses were made possible due to the unique characteristics of total return swaps and Archegos’ formation as a family office, both of which permitted Archegos to skirt trading regulations and reporting requirements**. Archegos essentially purchased beneficial ownership in large amounts of stocks, particularly ViacomCBS Inc. and Discovery Inc., on credit. + +&#x200B; + +https://preview.redd.it/sbmpl8r363091.png?width=859&format=png&auto=webp&s=b091c9db54372e243a74143f2b4556808440a667 + +**Under Regulation T of the Federal Reserve Board, up to 50 percent of the purchase price of securities can be borrowed on margin. However, to avoid these rules, Archegos instead entered into total return swaps with the banks whereby the bank is the actual owner of the stock, but Archegos would bear the risk of loss should the price of the stock fall and reap the benefits if the stock were to go up or were to make a distribution.** Archegos would still pay the transaction fees, but the device permitted Archegos to buy massive amounts of stock without having the initial margin requirements, thus making Archegos heavily leveraged. + +https://preview.redd.it/j7jl29o163091.png?width=700&format=png&auto=webp&s=ca761cc36a541d60b07ea892ac3b78edabf93bed + +&#x200B; + +**This article argues that the total return swap contracts are analogous to and should be re-characterized as what they really are – disguised secured transactions. Essentially the banks are lending money to enable the Archegoses of the world to buy stocks, and are simply retaining a security interest in the stocks. Such a re-characterization should place such transactions back into Regulation T and the margin limits. But re- characterization also offers another contract law approach that is more draconian.** + +&#x200B; + +# If the structure of the contract violates a regulation, then total return swaps could be declared void as against public policy. This raises the specter that a court could apply the doctrine of in pari delicto and leave the parties where they found them in any subsequent suits to recover outstanding debts. + +&#x200B; + +&#x200B; + +[when keepin it real goes wrong](https://preview.redd.it/lluby64m63091.png?width=326&format=png&auto=webp&s=1fd16409e78ef699a72ae549fc32addef510d849) + +ELI5: seems like author saying that the total return swaps that Archegos is running into and others are illegal af and secretly illegal against Reg T and margin limits, meaning they need to shut that shit down and sue the ever loving fuck out of them once they got margin called into the fucking floor + +\---- + +As a quick rundown + +**"Disguised secured transactions":** + +>In lease or consignment cases, courts rarely discuss the rights-in- collateral issue. Usually, the party claiming to be the true "owner" of the collateral-i.e., the lessor or consignor-and the secured party of the lessee or consignee assert competing claims. The courts do not ask whether the debtor has "rights" in the leased or consigned property sufficient for attachment. Instead they examine whether the lease or consignment is a "true" one or one designed for security purposes (sometimes called a disguised security transaction). +> +>**ELI5: anyone??** +> +>\*\*(\*\*Per North Carolina Law Review: [https://scholarship.law.unc.edu/cgi/viewcontent.cgi?article=3593&context=nclr](https://scholarship.law.unc.edu/cgi/viewcontent.cgi?article=3593&context=nclr)) + +&#x200B; + +https://preview.redd.it/npcy0nlw53091.png?width=468&format=png&auto=webp&s=e84643bc0b676c6a7973faee12413afbe9d9b3b4 + +**"In Pari Delicto":** + +>**A Latin phrase commonly used in tort and contract law which means “in equal fault.” This is doctrine states that there is a bar to a plaintiff’s recovery of damages for a wrong the plaintiff participated in and serves as an equitable defense. Courts are therefore reluctant to award relief to plaintiffs who have unclean hands.** In pari delicto is similar to but distinct from the related concepts of contributory negligence and comparative negligence. +> +>**ELI5: Bill Hwang/Archegos AND prime brokers (Morgan, Goldman, Credit Suisse, etc.) all guilty af** + +(Per Cornell Law: [https://www.law.cornell.edu/wex/in\_pari\_delicto](https://www.law.cornell.edu/wex/in_pari_delicto)) + +&#x200B; + +[please explain like Im a 3 year old golden retriever](https://preview.redd.it/de3pmnj5f3091.png?width=480&format=png&auto=webp&s=01a925ae055e31e18ab9096335772f1a1bb74652) + +# EDIT 6 from my comments: here's the in pari delicto part where author talks about how Archegos could use the "in pari delicto" part in court + +>**Assume that Archegos had remaining assets and Credit Suisse sued to recoup its $5.5 billion loss. In court Archegos could raise** ***in pari delicto*** **to avoid liability**. +> +>Analyzing under the first prong of *Bateman Eichler*, as a direct result of its own actions, did Credit Suisse bear at least substantially equal responsibility for the violations it seeks to redress, the answer would appear to be yes. **Archegos could not force a bank to enter into such a transaction.** Essentially Credit Suisse enabled Archegos to skirt the margin rules by agreeing to stake positions on the stocks and look to Archegos to cover any shortfall. + +&#x200B; + +https://preview.redd.it/y4n56ezcf3091.png?width=197&format=png&auto=webp&s=6f9516313c9e80070f1ae4a8f4053ec918a3f7b6 + +>Th**en, turning to the second prong, would preclusion of Credit Suisse’s suit significantly interfere with the effective enforcement of the securities laws and protection of the investing public? The answer here appears to be it would not —indeed it could be argued that it would further the effective enforcement of the securities laws**. Regulation T is said to exist for both the protection of investors from getting in over their heads on thinly marginalized stock and also to promote stability in the markets. By using TRS contracts to avoid the limitations imposed under Regulation T, Archegos triggered the very type of cascading event Regulation T was designed to avoid. +> +>**Avoiding the TRS contracts and applying** ***in pari delicto*** **would act as a serious disincentive for future banks to design transactions to avoid the limitations of Regulation T. This would be in keeping with the twin premises annunciated by the** ***Bateman Eichler*** **Court that underpin** ***in pari delicto***\*\*: “courts should not lend their good offices to mediating disputes among wrongdoers;” and 2) “that denying judicial relief to an admitted wrongdoer is an effective means of deterring illegality.”..\*\* + +&#x200B; + +https://preview.redd.it/ze5796pyd3091.png?width=962&format=png&auto=webp&s=b1445fb9b2438c18a1c4323007f5428fbf5dcdee + +>**When the TRS contract is used as a device to simply skirt existing securities regulations, application of** ***in pari delicto*** **should be available.** + +**EDIT 7 (?):** After hearing some say this makes more sense as DD, I'll change it think to Possible DD vs Discussion/Question flair. Mods can def ask me to change or justify it as needed! +# [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/ugnqsg/drscomputershare_megathread_052022/?utm_source=share&utm_medium=web2x&context=3) - For questions about Direct Registering your shares. If your karma's too low to comment it will get removed by auto-mod, but it'll be manually approved after. + +If you've completed the process or have done research, help us answer some questions! + +The top 3 Apes answering questions every month will receive 700 Reddit coins and a month of Reddit Premium - thanks for helping the community💜 + +# [Voting/2022 Annual Shareholder Meeting Megathread](https://www.reddit.com/r/Superstonk/comments/uddedr/voting2022_annual_gme_shareholder_meeting/?utm_source=share&utm_medium=web2x&context=3) - For all things voting/annual meeting related. +I feel like I have been lucky to find a few stocks earlier in the movement but I'm sure I miss several a day. Is there anything you guys do to seek out these stocks before they boom? I'm not looking for specific stocks. + +I was curious if there was a way to see if X stock has hit its average daily volume 10 minutes after the opening bell. + +EDIT: Thank you all for the information you have shared, I feel like I'm not the only ones that has learned something. + +My first award!!! Thank you +Edit: I don't need more folk who work in fields where they will never be remembered by a client insinuating that wanting to drive anything nicer than a 1998 Honda is an acute mental illness + +Hi all, + +I have a question about balancing professional image with frugality. If you are in a field that values a professional image beyond showing up to work in a suit, what do you choose to spend on, and where do you believe in cutting back in? + + +The nature of my question extends beyond cars (which is the example I will use), into all outward-facing aspects of your life by which current and prospect clients and partners may judge. + +Perhaps: +Clothing, cars, neighborhood, vacation choices, etc. + +Did you purchase the most inexpensive BMW 3-series tier vehicle to display a minimum professional image, did you splurge on a Porsche or are you comfortable with driving your old Jeep? + +I am in medicine and I see many physicians purchase very nice cars or expensive homes in well-respected neighborhoods 1. obviously because they personally want to to and 2. partially under the Impression that a certain level of professional image is expected from somebody in that role. But many physicians don't care, and do great! I am personally driving my 2013 Wrangler until it can't go anymore. + +So where do you draw the line, and has that shifted? +I am very interested in seeing portfolio of stock picks for the veterans. Warren Buffett has taken money out of the market and is waiting. That says a lot doesnt it? People think he is crazy but I dont. I love his disciplined approach. He admitted that he stayed in too long with airlines, banks. That should be a concern no? + +I am a monkey and i have no shame in calling myself that as I only started learning about stocks in less than 2 years ago. I keep hearing a lot abt VGRO ETF and i understand why and some same stocks that get recycled every 5 to 7 post. When i look at stock market if a monkey and I consider myself no different than a monkey invested in any sector in the past 3 months.... after 16th march to be specific would be up 20, 40 or even 120%. So the question here is how are the vets doing? Whats your next move? Are you raking your profits if you are up a crazy amount in a particular stock? and sitting out after a while? Whats the stocks you are watching closely? Whats your next play? + +A bit about me- I invested in marijuana stocks and i made small profit then i got greedy and i lost my profit and i lost a lot. +I invested in blockchain then got bursted and still licking my wounds for 2 years. +Then I started studying the financial market, read some books and learnt a bit. The timing was so great that I made 2 smart plays one in oil stock and one in food industry stock and i have recovered 75% of my losses in paper (i am now down only 6k). I have learnt to laugh at myself. It helps me take myself less seriously. + +Thank you for your time and i love reading all your posts! Please dont be offended newbies....i am calling myself a monkey. If you didnt like the word...I apologize in advance. My intent is never to hurt anyone’s feelings, just stating the reality that anyone who invested money after Mid March 2020 would be in profits. +We've seen obvious manipulation of GME for months. + +Buy pressure is insane and the price has been flailing wildly. GME was the most traded stock in Australia yesterday. More than any other security. + +Don't let them use the ticker to play with your emotions. When that's true for the price going down and users on this subreddit all write "the price is fake" (which it obviously is), it may just as well be the case on the way back up. I see posts here congratulating apes on what "they did" or "achieved" - and that gets people emotionally invested in positive price action. + +I think it would be wise to be wary that shorts could deliberately let the price run up, and that this may be a vector for sowing doubt in the long run. + +___ + +As I see it, the ticker is only the current price of a share. Its movement is independent of buy pressure or sell pressure - we've seen this demonstrated and theorized in more DD than I can count. + +It's just what it'll cost me to get another share. + +____ + +Retail knows the mother of all short squeezes is practically inevitable. SHF are in debt and *must* close the position sooner or later. + +I want to be holding as many shares as I can afford when it happens - and it's logical that the more shares are sold short (the higher the SI%), the more vulnerable the shorts are to a number of catalysts - dividends, splits, price spikes, regulation, liquidity tests, you name it. This is developing in the right direction for retail... I'll continue to buy and hold. + +**But until we do see a real catalyst - the ticker and price movement of GME is largely irrelevant.** + +Paper losses don't mean anything if I'm not gonna' sell. But neither do paper gains. + +I don't need the ticker to jack my tits. In fact, I want to strive for a complete disconnect between the jacking of aforementioned tits, and the ticker. They come pre-jacked from having read the Due Diligence and knowing shorts are fucked. + +(this is not financial advice) +Citadel has a certain price they are margin called at. Say for intensive purposes that’s $300 as of right now. They have 1:8 leverage at the moment so for every 1% there portfolio goes down, it goes down 8% s&p 500 is taking a beating with most stocks down 4-5%. So citadel has to beat the price down 32-40% to stay within margin requirements which requires more shorts and more rocket fuel. I don’t think they necessarily want to knock down GME with more shorts but they have to. Or they die. They can make their margin call price higher by gaining money. For the wrinkled brained apes I’d suggest looking at what citadels purchased on the put side. Obviously citadel knows when sell offs happen and can hedge because they have a de facto duopoly on the stock market. As both a MM and a SHF + +Citadels optimum play is to play the options hedge. I.e force max pain week after week. They are unable to do that. Which should jack your tits. + +that’s my two cents on why we have seen such a violent drop and may continue to see based off the volitility of the s&p 500 + +Cheers, have a great weekend folks +As the title says, my parents are old (68 and 67) have zero savings, don’t own property, and are living paycheque to paycheque. They work low-wage jobs and every dollar goes into bills. Super has been cleared out long ago. To make matters worse they’re divorced, so they can’t even share bills. My mum also looks after my disabled sister (31) full time while working. + +The situation is unsustainable with their age and not being able to work forever. I earn a decent salary, but not enough to split 4 ways, and am also trying to save as much as I can to escape the poverty I grew up in. Can I do anything to look after them other than sending money to cover bills? +Let me just say to even make money on a weekly basis is even a mammoth of a task itself. Each week requires such a level of composure and discernment with each day that a unseasoned trader will find it unsettling walking away from trades. You’ll think you’re leaving money on the table for the sake of a “trading plan”. How long can you walk away from trades? Four days? A week? A fortnight? A month? I have even waited six weeks no trades. Looking back the only thing that would’ve saved me from backsliding and placing trades on false setups is discipline. + +It is immensely important you identify which emotional problems are causing you to override your initial plan and trade against it. Noting down each and every trade and previewing the thesis beforehand and any concerns you have for the trade allows you to understand your previous thought pattern before placing a trade. Through this, you will slowly but surely remove any malignant habits and tendencies that are holding you back. + +Not everyday is a trading day. I only enter trades when I’m 100% sure about them. Our goal in trading is longevity & that’s why capital preservation is very crucial. You cannot force trades or opportunities not presented in the markets. Most importantly, remember the markets don’t have emotions so neither should you. +How do you and your partner manage finances, especially if there is a significant earnings difference? + +Not looking for advice, more looking for examples and how what you’re doing has worked for you or not +Hello again r/realestateinvesting ! You guys pointed me in the right direction with my last question, so here I go again: + +I am doing my morning Zillow search for places in cities around the country and I stumbled across Milwaukee, WI. I keep seeing properties for multi-families for under $8k and I am wondering what the catch is? Obviously they need serious renovations, but is it that much to where you cant buy for next to nothing, put in some equity and either flip or rent out for some positive cash flow? I have never been to Milwaukee and just doing a skim and saw this as interesting. Thanks! + +Edit: WOW! First, thank you all for the great insight into a city I've never even been to. You have definitely scared me away from these "trap houses" (literally). I used to live in Atlanta and it wasn't as quite a drastic drop-off block from block in terms of quality as it seems the parts of Milwaukee where these houses are is being described. I now have a new book recommendation as well! Oh, and first gold?! THANKS! +This applies to many countries but I'm using the UK as an example. The source for all claims in this post is the [Office for National Statistics](https://www.ons.gov.uk/peoplepopulationandcommunity/birthsdeathsandmarriages/ageing/articles/howwouldyousupportourageingpopulation/2019-06-24). + +The UK population is ageing because of a rise in life expectancy and falling fertility rates. Because of this, the proportion of pensioners to taxpayers is growing. Since pensions are paid almost entirely from working taxpayers under the age of 60, the problem of sustaining pensions becomes more difficult as the population ages. + +One common solution is raising the retirement age, but this cannot be done indefinitely due to obvious physical constraints on the elderly. The other well-known response is to make up for falling fertility rates by increasing immigration levels. Migrants, who are typically of working age, would ensure that the number of taxpayers rises to match the growing number of pensioners. + +Ignoring any potential future technological developments, in a hypothetical scenario where life expectancy increases to 120 and retirement age rises to 80, how would pensions be paid if fertility rates remain low? Is bringing young workers from abroad the only solution? Is a population increase always necessary, and if so, what happens when overpopulation becomes unsustainable? +Please explain it precisely and simply (sorry). Obviously it is a share of a company, but in what way? + +1) Is a share defined as a percentage of a company or as a dollar amount of a company? Or something else entirely? I don't get how share prices can rise/fall if they represent a set amount, but it would make sense if it was a set percentage. But from what I've gathered it isn't defined as a set percentage. + +2) How does issuing new shares impact old ones? And is there a limit to the amount of shares they can issue? (Especially this last part hinges on whether a share is defined as a set percentage of a firm or something else I guess). + +3) How do shares determine how much the holder will profit from liquidation? E.g. if you own 1/1000 of the shares you get 1/1000 of the profit of liquidation I assume. But if the board decides to issue 1000 new shares soon before liquidation, you will loose half of that, at least if you don't pay to buy one of the new shares. This seems unfair. +I live in Los Angeles, and I always hear stories about artists and hippies living in areas that now only upper class and upper middle class working professionals can afford. Why wasn't the city able to maintain an affordable cost of living over the last couple decades? +Hey guys, the US stock market (SP500) is up 10% since it's all time high before the March crash. + +Does this make sense? I remember thinking that the market was overvalued before the crash, does it make sense that it's even higher now since COVID hit? I mean it's hard to believe that we are producing more goods and services than pre-COVID times... + +Which leads me to my main question, is the market flooded with dumb money because of the fact that investing is becoming more accessible through apps like WealthSimple or RobinHood? +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). + For your average normie, understanding blockchain make brain go sleep. Trying to explain how a decentralized public ledger works in the first place can be like trying to sandpaper a door open. + +This often leads to all the regular people in your life never understanding what the hell you're talking about when you bring up your crypto. + +That's why it's nice to have **VAIOT, a team specializing in AI and blockchain solutions for automating legal contracts such as insurance and used car purchases.** Saw this trending yesterday and it was something my ape brain could actually see in the real world. + +Their app is already available for testers to play with and the demos show just how useful the blockchain can be in replacing shitty trips to used car dealerships. + +But even easier to understand is that this morning, **VAIOT was announced to be listed on KuCoin TOMORROW**. That's right, they skipped all the rinky dink exchanges and went right for one with top-10 volume in fucking KuCoin. + +**So tell me, if** [**Shopping.io**](http://shopping.io/) **was at $40M and went to $300M after it was listed on KuCoin, and Chain Games was at $30M, before it went to $300M after it was listed on Bilaxy (not even half the volume of KuCoin), what do you think VAIOT at $10M can do?** + +Even after it pumps, the roadmap is well underway with B2C planned for full rollout this year, and B2B setup for next year. + +So when mass adoption hits, you can bet that VAIOT is going to be as popular as your favorite gaming or NFT coin. When the stonks kiddies make their way over here to crypto cause they realize they’re just going to keep missing out, they’ll be looking for real projects like this. + +After all, **VAIOT has a fully-doxxed team, a government-regulated project built in cooperation with global giant IBM, a mobile app, and a major commercial partnership with Supra Bazaar, a leading retailer in Belgium while still in beta testing.** It’s honestly crazy more of you haven’t aped into this yet. With all the rugs out there, this is a complete no-brainer and a safe way to keep your earnings in your pocket. + +BSC bridge is also on the way for you Binance bros, though I’d recommend snapping it before the migration is complete or be stuck buying after the price goes parabolic. + +KuCoin will be open for VAI trading tomorrow morning. Feel free to wait for it to avoid gas fees, but if you want to get in before everyone else thinking that exact same thing, I'd get in now. While you can. + +Uniswap : [https://app.uniswap.org/#/swap?inputCurrency=0x9F801c1F02AF03cC240546DadEf8e56Cd46EA2E9\*\*\*\*](https://app.uniswap.org/#/swap?inputCurrency=0x9F801c1F02AF03cC240546DadEf8e56Cd46EA2E9****) + +Website: [https://www.vaiot.ai/](https://www.vaiot.ai/) + +Medium: [https://vaiotltd.medium.com/](https://vaiotltd.medium.com/) + +CG: [https://www.coingecko.com/en/coins/vaiot](https://www.coingecko.com/en/coins/vaiot) +I hear it all the time - That first-time day traders are most likely going to lose money. Getting good at trading takes tons of research, practice and mistakes to learn. BUT, what if, you did the exact opposite of what you think you should do? + +Say you think a company will do well, so you think you should buy shares thinking you'll make money. However, instead of buying shares, with the knowledge that most first-time traders will end up losing money, what if you shorted the stock instead? Then, theoretically, the odds flip, and you have a 99% chance of making money. + +What am I missing, because obviously I am missing something, otherwise more people would have tried this already. + +Please explain to me how dumb I am and follow it up with why this would never work (I'm a new trader trying to learn). +Edit 2: Many people have commented stating I shouldn't post here. Point taken and I won't post in the future. + +Edit: Many people have reached out via DM asking questions or wanting advice. I did not do anything that involved earning a large sum of money overnight. I've been an ATM owner for a few years and I keep adding to my portfolio every few months. I've been a licensed speech pathologist for almost 20 years. I had the opportunity to work overseas for most of my career. I started my business based on my skillsets and experience. My business is 50% cash pay, 30% contract with an organization, and 20% insurance. I hope this additional information helps. + + +I know this may sound counterintuitive, but I am curious if there is anyone here who is open to sharing their journey to FATFIRE at a later age. There are tons of stories of people going to college, starting off with a high income and FATFIRE in late 20s or early 30s. Most of these people are married as well. I want to hear from someone who has a different path. + +As for me, I am in Healthcare (not a doctor) and was in debt as recently as 4 years ago. Now, I am on track to FATFIRE with 2.5 million in approximately 8 years based on my 2019 income and savings and even faster if I incorporate 2020 figures. I know 2.5 mili is not FATFIRE for most of you, but it is for me considering that I plan to go back abroad (currently in America) to live permanently. As of right now, I have my business and decent side hustle (owning ATMs). + +I am a single parent who receives no assistance, so that is "slowing" me down, but I can't imagine my life any other way. + +If this post is against the rules, please delete. Thank you. +Since I am only 22, I am trying to decide the direction of investing I want to go. Whether that be to start snowballing my way into a portfolio that is high in dividends or the plain old index fund portfolio. +&#x200B; + +https://preview.redd.it/k6hjk96wyx391.png?width=1310&format=png&auto=webp&s=d454afca782765d78f0a8ea311653f5154073eaa + +According to Bloomberg Intelligence credit analysts, funds across the word have reduced bond holdings to the tune of $1.5 billion in **par value** exposure from China's property bond market in the month of May alone, with BlackRock and UBS leading the way, pulling out $680M and $270M, respectively; this after a $1 billion reduction in par value being pulled out in April. + +"*According to China Real Estate Information Corp, the country's top 100 developers saw their combined contracted sales decline 59.4% year on year in May*". + +&#x200B; + +**What is par value?** + +A bond's par value is just the face value of a bond. + +So, if someone is issued a bond worth $1000, $1000 is the bond's par value, which can be different from the market price of the bond. Par value is important to bonds in that they determine the bon's maturity amount and the amount of interest payment. + +Also plaguing bond markets is par value increases. A bond issued at 1000 with a 5% coupon (or interest) rate, will yield the holder $50 coupon payments, until maturity. However, newer issues of the same bond could be issued later on with a higher coupon rate, making the previous issued bonds at $5 less valuable, as the newer bonds would yield a $60 coupon payment. This puts holders of the lesser valued bonds in a bit of a predicament, because, should they want to sell them off and no longer have any obligation to them, they'd be hard pressed to find a buyer on the secondary market for their bond that only gets $50 coupon payments while someone else has the same bond, but gets $60 payments for theirs. + +&#x200B; + +# "Defaults. Defaults, Everywhere!" + +&#x200B; + +https://preview.redd.it/vd56a0hxzx391.png?width=1164&format=png&auto=webp&s=3d0211c3fde3afc929c86b5fe4eb191d35a6d9d5 + +https://preview.redd.it/grqnns6yzx391.png?width=1070&format=png&auto=webp&s=d855f2b01c8765c5e85f56f9104b6bbc4439b6b6 + +&#x200B; + +# Now, this is where I have to contain myself and not get my hopes up, buuut.... + +&#x200B; + +Bloomberg Intelligence credit analysts go on to report that '***$736 billion of creditor money in the form of payables or debt may potentially be at risk of being haircut or restructured***'.When a bond is used as collateral, a haircut refers to the bond being devalued to provide lender a cushion in case the market value falls. + + +The source material I used to his made no mention of Executive Order 14032, but ***if*** this **$736 billion is**, in fact, part of whole of **the Chinese collateral alluded to in the Executive Orde**r, that would mean **more than 3/4 of $1 trillion dollars in collateral is now useless**. +I think I'm pretty much topped out at making $35k a year without a degree. Which is...adequate, I guess? I feel like wasting my years working unskilled jobs that pay "good enough" isnt actually good enough, and since I'm finally at a point where I have a decent amount of money saved I could probably pay for college as I go instead of taking out a bunch of loans. So part of me thinks it could be a good idea, part of me thinks I'm too old. +BabyShibaInu is the latest arrival into the crypto doggie world. It's a novel token with social conscience, created by the dog loving team and fully distributed within the cypto community. + +&#x200B; + +NFT marketplace for Apps and DApps is in development. They are also working on breaking into the Asian market with the help of the most recent recruitments to the marketing team who are based in Singapore. After getting listed on CG And P2PB2B Exchange, the team is pushing for the CMC listing which will happen within 4-5 days. Heavy marketing is about to kick in with influencer shills on Twitter and tiktok. They passed the Nexus audit with flying colors and are targeting other audits in the near future. Community is very active and Twitter shilling competitions are taking place 24/7. Devs are very dedicated and transparent, they hold 2 AMA sessions everyday to provide the community with the latest updates and listen to suggestions! + +&#x200B; + +The branding has enormous potential, merchandise looks dope as well, all profits of which will directly go to the Shiba Rescue Charity organization. First donation of $5k already took place! + +&#x200B; + +There is a 11% tax per transaction: 6% of which will be added to the liquidity pool, 2% will be redistributed to all holders (including the burn address, increasing the value of the token over time) and the remaining 3% will go to the giveaway wallet which will be used to reward holders! + +&#x200B; + +Liquidity is locked and ownership renounced. + +&#x200B; + +📱https://t.me/babyshibatoken + +&#x200B; + +🌎 [https://babyshibatoken.com](https://babyshibatoken.com) + +&#x200B; + +🐦 [https://twitter.com/BabyShibCoin](https://twitter.com/BabyShibCoin) + +&#x200B; + +📄 0xaecf6d1aff214fef70042740054f0f6d0caa98ab +Hi, + +So I have an embarrassing story that I have been trying to figure out. I'm 33 years old single male. + +I left medical school before residency started. I now have $170,000 in debt. I am currently working as a nurse and I love the job. In fact, I'm doing 5-6 days work for over 5 months now with some ridiculous bonuses. I still love it. I'm projected to earn a little over $180,000 for this year. + + +I did some math all night and it looks like if I pay $5000 per month when I earn about $10,000-$12,000 (depending on what shift bonus they're offering), this will allow me to pay off student loans in about 3.5 years. But that's working the way I do. The reason I am able to do what I do is because I have been telling myself I am working towards a house and car and I told myself I would pump $5000 into student loans after I have those two. + +I do not own a home. I'm living in a crap area to keep rent low. I have an old ass car that's on it's last leg. I would like to own a home. I would like to buy a car. But these things will be put on hold because my main priority will be the loans. Of course, I'd buy a used car if my shits the bed. + +If I pay the bare minimum of $300, which I got approved when loans start again in 2022, I will be in debt for my life. If I die around 80 yrs, I would have paid about $160,000. But paying $300, would allow me to work towards having a home, family, etc. But this line of thinking isn't what most people think. + +I'm conflicted on what to do because I've spent my 20s working forwards medicine then made some terrible choices. I'm just trying to figure out how to stay motivated and keep my mental health in check. + +Any advice is *greatly* appreciated +While I trust our developers to write the code which powers Ethereum and the many dapps on top of it, I feel that many are so focused on the day-to-day of the *technology* they develop that they myopically view blockchains as "just" distributed *software programs*, where better functionality can easily challenge entrenched competitors overnight. Many continue to voice fears of competitors displacing Ethereum- perhaps as a call to action, or perhaps because they are legitimately worried. + +**What they may miss is that blockchains represent powerful economic and social communities as well. There are (at least) many hundreds of thousands of people who hold Ethereum, and even more who hold Bitcoin. [Lindy effect](https://en.wikipedia.org/wiki/Lindy_effect) and entrenched [network effect](https://en.wikipedia.org/wiki/Network_effect) are exceptionally powerful for the adoption and survival of blockchain networks.** + +So let's take a look at Bitcoin, which is still the "#1" blockchain by many metrics, including market cap. Here you have a protocol which has basically stopped meaningful L1 innovation. Before I get the Maxis in an uproar: I'm not saying it won't evolve at all, but its L1 scope has been significantly narrowed towards use cases which support the "digital gold" value proposition. Its roadmap has eschewed further advancement in many areas, and is very murky on others (like privacy). And in the face of Ethereum and other networks, it has still persisted as #1 (for now). I don't believe that lead is unassailable though, as they've effectively "thrown in the towel" on many L1 use cases, and I believe the market will reject many L2 / sidechain solutions on Bitcoin- especially when they can get better functionality and security on Ethereum. + +Now let's take a look at Ethereum, which already allows for many valuable use cases today via L1 and many emerging L2 solutions, and has a roadmap to achieving dramatically enhanced functionality with Eth 1.x and Eth 2.0. That functionality is expected to be very competitive with that expected from many of the upcoming Ethereum competitors. These include chains like Dfinity, Polkadot, Cosmos, Filecoin, Telegram, Hashgraph, and others. + +**Here's the paradoxical part of all of this: if all of those competitors launch within about 1 year of the release of Eth 2.0, they will compete with each other more than they will with Ethereum directly. They can't just be better than Ethereum, they have to be better than each other to have any hope of gaining a preponderance of network effect- something that is absolutely critical for a blockchain network to be successful.** + +If the Ethereum roadmap didn't have a good path forward, I might be worried. But personally, I've been very encouraged by the progress in recent months around Eth 2.0, and the focus in developer activity upon it, engaging many teams across the community to create multiple clients. And the model being proposed appears to be more durable and decentralized than that I have seen from any L1 competitor- many of whom make unacceptable compromises to deliver enhanced performance (often through on-chain governance, combined with flawed token distributions with heavy VC and hedge fund involvement). + +**Ethereum's long PoW phase (with well-distributed tokens), unwavering commitment to decentralization (even if things are harder and take longer), and proven track record in adversarial conditions are its biggest assets- and they have encouraged development by more developers than any other blockchain.** That type of advantage can't be lost in a day, a month, or even a year. Nor can it be bought (as many here pointed out when EOS launched), it has to be earned. And often, those things can only be earned with time- something the new wave of Ethereum competitors do not have in abundance. + +No, Ethereum can't rest on it's laurels, and it isn't. The dev community is working incredibly hard to improve Ethereum today, and get us on the road to Eth 1.x and Eth 2.0. And even with the current limitations of the network, [amazing things are being done around important use cases like decentralized / open finance.](https://www.reddit.com/r/ethtrader/comments/au54ae/daily_general_discussion_february_24_2019/eh7u0o7/?context=3) Those decentralized / open finance use cases are perfect examples of dapps which rely upon heavy interoperability and network effect in order to be effective. + +When I see another chain in operation which can decentralize the world better than Ethereum, I promise that you all will be the first to know it. **Until then, it's fairly clear to me that all of these chains will be in an epic battle for second place, as Ethereum continues to be relied upon as the world's digital asset ledger of record- with the largest user and developer base of any robustly programmable blockchain.** +We had possums, squirrels, cockroaches, cigarette stained ceilings, purple trim, sagging floors, puff paint quotes all over the walls. Just finished in month and a half little over 25k put into it and just sold for 105,750! On to the next! +The company expects to reduce its headcount by another 11,000, including 7,000 layoffs, on top of almost 20,000 already announced and end next year with around 130,000 employees, about 40% less than when it merged with McDonnell Douglas in 1997. + +The collapse in airline traffic and reduced aircraft production have already cost the U.S. aviation industry around 100,000 jobs so far this year and another 220,000 are at risk, according to the Aerospace Industries Association, a trade group. + +[https://www.wsj.com/articles/pandemic-drives-more-boeing-job-cuts-11603887197?mod=latest\_headlines](https://www.wsj.com/articles/pandemic-drives-more-boeing-job-cuts-11603887197?mod=latest_headlines) +DD has been done though I appreciate the mass movement of DRS through CS is enormous and outweighs the DD already completely. I believe that’s why there are skeptics. + +SHF want to divide and conquer. Do not give them that chance. Together we are ape strong. + +God speed you beautiful bastards. +I always hear how economics and wealth isnt a zero sum game, how one person getting more money doesnt mean that theres less for everyone else. + +I also hear that increased money supply always leads to inflation (and from what i can tell this is true) + +To me these two facts seems to contradict each other. Im sure im missing something (hence why im here), but from my perspective, if theres already infinite money, then why does everything have to go up in price when more of that moneynis made physical? +I notice how people in this sub are often trying to diversify georgaphically, while really I don't see any sense in this, except if your goal is to make total returns lower. While you might be lucky picking some rare pearls of individual stocks, broad markets are generally sucking everywhere except US, and here are the reasons: + +1) US has one of the best demographics among developed countries. Feel free to compare US to most of developed world countries in [https://www.populationpyramid.net/](https://www.populationpyramid.net/). Europe is aging very fast, japan/korea as well. + +2) US has the most attractive market in the world, and naturally local companies have it easier to penetrate it and win the competition. + +3) US has a great climate, and also will be impacted less than Europe by climate changes. Canada or scandinavia might be impacted even less, but they are missing other points listed here. + +4) US is very unlikely to be attacked by other country. See what happens in the rest of the world. + +5) US has best neighbours. You are as rich as your neighbors usually. I know, in media US likes to make fun of Mexico, but it's actually okayish by world standards. While in europe there are some countries that have great neighbours, but as a macro region Europe sucks, as its neighbours are middle-east, ex-ussr and africa. + +6) US has the best business climate in the world and best oportunities for financing fast-growing global companies. + +7) US has the most developed stock market - you can find anything, global leaders, aerospace and defense, science and R&D, and some "boring" yielders and income stocks. + +&#x200B; + +I mean, are there any reasons to buy international ETFs like SCHY? In Europe old farts are creating regulations to maintain status quo for their "old" money. In China there is CCP and political risks, etc. + +And if 50 years you would wake me up and ask where are top 100 of world most influential, fastest growing and biggest companies - it 100% will be US. + +Am I missing something? I can probably only see pharma as somewhat decent sector to buy in EU, but on the other hand, taxation on ETFs would kill it. +I’m nearing retirement and have much of my portfolio in VTI. Looking to increase income and reduce volatility, knowing there may well be some tradeoff on the upside. Just now dipping a toe into these 2 subred faves. +**TL;DR: GameStop will not only launch an NFT marketplace, but also integrate it into a gaming launch app. There are two variables that will be important to GameStop: the community as content creators and liquidity. Both will be provided through the connection of Loopring and Immutable X, and GameStop will serve as the catalyst here. Through the NFT marketplace / Gaming Launch app, people will be able to launch blockchain games and at the same time trade all assets of these games there (Global Order Book by IMX). Traditional game studios are targeting top-down marketing of NFTs as assets (e.g., Ubisoft). GameStop does not draw money from the actual NFTs, but from the transactions made. GameStop is interested in as many users as possible creating content, playing and trading games, as they earn money from every transaction. This is a fundamental difference from previous use cases and puts the gamer or creator at the center (unlike Ubisoft or Steam). This paradigm shift will cause GameStop to explode.** + +As a shareholder and as a gamer, I am equally excited about the future of GameStop. Regarding the GameStop NFT marketplace, however, there is always contradictory and also wrong information that I (also) read very often in other subreddits. For this reason, in this post I want to give an overview of what we know about the GameStop NFT Marketplace, what we can realistically expect for the future and why it will be a success story in my eyes. + +# It is not just another NFT marketplace like [OpenSea.io](https://OpenSea.io) + +We've known about the [GameStop x Immutable X partnership since 03/02/2022](https://news.gamestop.com/news-releases/news-release-details/gamestop-forms-partnership-immutable-x). While Immutable X is also active in the traditional NFT space ("JPGs" or Collectibles), Immutable X grew out of a desire to develop blockchain games. Immutable X has numerous partnerships itself. Be it with larger companies (TikTok, VeVe, Nike, etc.) or with game studios (Illuvium, BLOCKLORDS, PlanetQuest, etc.). They are all part of the IMX ecosystem, which in turn will be integrated into the GameStop NFT marketplace. This means that after the launch, all digital assets of these companies or products will also be tradable in the GameStop NFT marketplace: ["Immutable X is integrating its global order book into the GameStop NFT marketplace. Bringing existing and future projects on Immutable X Layer 2 to GameStop, including Gods Unchained, Guild of Guardians, Ember Sword and others."](https://www.tokeninsight.com/en/latest/2583) This also means that in-game assets will be tradable through the GameStop NFT marketplace in the future. + +# GameStop Wallet and GameStop NFT Marketplace + +We can expect that GameStop will not launch an [OpenSea.io](https://OpenSea.io) clone. GameStop's focus is, of course, more on the gaming sector. Traditional digital gaming stores like Steam, Epic Games et al. deliberately avoid the blockchain space. Nonetheless, the concept of these launch apps (such as Steam as a game library) has become established. However, unlike traditional games, blockchain-based games do not need to be purchased, they are usually F2P and the money is generated by the studios through the in-game economy or buying assets. For this reason, it is important for these games to have as much liquidity as possible. This is also why the partnership with GameStop is so important for Immutable X: GameStop brings countless new gamers and enthusiasts into the NFT gaming world. For NFTs and the blockchain in general, even more than for other asset classes, "liquidity is king!". Therefore, it seems like a logical step for all parties involved (GameStop, Immutable X, and all other game studios) to have GameStop develop a launch app for the games that are included in the GameStop ecosystem. The context of the NFT marketplace / launch app can be visualized roughly like this: + +&#x200B; + +https://preview.redd.it/c876ubq55e191.png?width=916&format=png&auto=webp&s=a65bc1e48fcb0957392d64c0ebab36f85ca74b0e + +&#x200B; + +# One place for everything: gaming, creating and trading + +The advantages are obvious. It's been described for quite some time that the GameFi space will be the catalyst par excellence for NFTs. Many keep pointing out the old familiar example here, "Yeah, you don't really hold your property in Steam, imagine if you could actually own your CS:GO skins." Most people then argue that they don't need this and a solution is being created for a problem that doesn't exist. I'm going out on a limb here, GameStop is not targeting this traditional games market. The point is obvious and can also be seen in the NFT marketplace slogan: "Power to the **Creators**. Power to the Collectors. Power to the Players." All previous NFT attempts in the gaming field have failed due to a top-down concept. Skins or similar were given by the publisher, which the user was supposed to buy at an extra price, because the supposed unique selling point "NFT" justified this extra price. The users rightly felt fooled and thus tend to reject NFTs since then. Why L2 (Loopring) is so important to GameStop, however, is not just because of the very cheap fee when trading assets, but because minting objects is also so incredibly cheap. NFTs have always thrived on the community. It's a grassroots movement at its core. Accordingly, in the future of gaming, the most important thing will be that content created can be minted as NFT and will be tradable on the trading floor as well as in-game. This is the real added value of NFTs in games. We also see it in sandbox games like Minecraft or Roblox: the community is the most important thing and content from the community must be tradable for the community and assignable to owners. In NFT gaming, it is not per se a question of a sword as an item from Diablo III being usable in another game (which is fundamentally conceivable). But of course, this will be severely limited by the genre and setting. The most important thing will be that content in games can be created by the community and can be traded in the games as well as on the GameStop NFT marketplace. And the whole thing only makes sense if there is enough liquidity, because as we know: "Liquidity is king!". For the reasons mentioned above, the GameStop NFT marketplace will explode in perspective in my eyes, because this will undoubtedly be a novum. Haters are gonna say: that is probably not gonna happen, it's purely speculative. Well, weren't we talking about GameStop creating a Wallet and a NFT marketplace since basically 12 months? Creating such a gaming launch app and enabling minting ingame assets for the users would be the most logical step towards a Metaverse gaming. +https://www.cnbc.com/2019/05/08/trump-administration-requires-drug-makers-to-list-prices-in-tv-ads.html + +Pharmaceutical companies will be required to disclose the price of its prescription medicines in television commercials, the Trump administration says. + +The requirement is set to take effect as soon as this summer and will apply to drugs that cost more than $35 for a month’s supply. +After seeing various posts and theories in this sub about GameStop's stock split / stock dividend, I started putting together the puzzle pieces of the past months and years, and well.... **I see a plan and I see MOASS in 2022!** + +*I took most of the content from other posts from this sub. So this post is the work of many and not just my own. I just gathered the information and put the puzzle pieces together. So your research and opinion may be part of this post (you can comment or write a DM if i missed something and I will give you credits). The croudsourcing on this sub is remarkable, not for nothing were we praised by Jon Stewart for this property.* + + Also, this post was first created in German and only quickly thrown into the translator, I hope the grammar does not suffer from it. + +# - GameStock stock split / stock dividend - + +[u\/cr420r](https://preview.redd.it/468na5tr6er81.png?width=529&format=png&auto=webp&s=55acc365ee06b9e6822e0ec94cbe772a57f1c35b) + +[https://news.gamestop.com/node/19686/html](https://news.gamestop.com/node/19686/html) (8k announcement) + +[*Here*](https://myaccountinghelp.org/stock-dividend-vs-stock-split/) *you can read again the difference between a "normal" stock split and a stock dividend like GameStop is issuing.* + +GameStop announced a stock split on 3/31, but it still has to be approved by shareholders at the annual meeting this summer. The number of shares GameStop could issue was previously 300 million meaning there was a cap on the total number of shares that will be increased from 300 million to 1 billion. GameStop had the option to issue 300 million shares at the time, but chose to issue only 76 million. (Of course, there are now far more shares in circulation due to naked shorting). + +The special thing about this, however, is that GameStop is issuing the new shares as a dividend, which is a kind of "reward" for the investors. Shortsellers or institutions that have lent their shares are not entitled to the dividend (lenders will take back their shares to be entitled to the dividend). You then get, for example, 7 new GameStop shares for every existing GameStop share you own in a 7 - 1 split. + +This also brings me directly to the next topic.... + +# - Tesla - + +Namely, Tesla - which was also plagued by short-selling at the time - did a similar stock split in 2020, they announced it in March and in August it was done after **shareholders voted "yes" at the annual meeting.** + +At the end of March 2020, Tesla was trading at about $100. When the vote was held 5 months later, the price was $290. Some short positions were probably closed because they feared the vote would be positive (speculation at the point). Then the vote took place and was approved. + +Shareholders had to own Tesla by August 21 to receive the dividend, and the share price reached $410. 10 days later, when the stock dividend was actually paid, the stock was trading at $442. + +**I think you know what I'm trying to say, don't you ? And remember the official short interest in Tesla at that time was only \~20% and not up to 226%.** + +[Yes, that is interesting!](https://preview.redd.it/eq0uabm8ebr81.png?width=697&format=png&auto=webp&s=79b306a9d9bc89f7c2e79dc15c2a9b79e48a27a5) + +But for the first time, let's rewind a bit to 2018, when Tesla was the most shorted stock on the market. ([Tesla Naked Shorting blog post](https://teslamotorsclub.com/tmc/threads/the-rolling-naked-tesla-short.15417/) from 2013 - see the similarities?). + +Namely, no less than Bryron from Loopring suggested 4 years ago on Elon's shortseller thread to do an Initial Coin Offering (ICO) to force Tesla shorts to close and the coins could then be used for e.g. Internet of Things (IOT) payments in the Tesla ecosystem. **Simulation confirmed.** (The point will be revisited later). + +Additionally, Ryan followed Elon on Twitter for a while before eventually just following GameStop. I imagine the conversation has continued over the last 4 years about this. Elon still hates shortsellers and so does Ryan! + +[Elon's OG Twitter Thread on Shortsellers](https://preview.redd.it/w8lnybyjebr81.png?width=594&format=png&auto=webp&s=54aff42e4e849997433b637a638919292755212e) + +[Answer Tweet von Byron Loopring](https://preview.redd.it/2sj96m8mebr81.png?width=590&format=png&auto=webp&s=89ca325434c30a989b957f07651c9b209a5b3368) + +Guess who was Head of Business at Loopring at the time? + +[Matt Finestone](https://www.linkedin.com/in/matthew-finestone-7bb8ba51/?trk=public_profile_browsemap&originalSubdomain=ca), the current head of the blockchain department at GameStop. + +[unforgettable support from Elon at the January sneeze](https://preview.redd.it/ulqa6bmsebr81.png?width=587&format=png&auto=webp&s=3f91c1acb5d9af46fbfab8ea33e4de7f3eb2e502) + +However, there is still a comparison to GameStop's announced stock dividend that needs to be looked at.... + +# - Overstock - + +Overstock and its founder Patrick Byrne were also victims of naked shorting. For example, [Byrne warned of the potential consequences of the scheme back in 2006](https://www.youtube.com/watch?v=nLnw2_q5iMk&ab_channel=whereAreTheShares). He also tried to get the attention on the problem and therefore he participated in many interviews and made videos around naked shorting: + +* [What is naked shorting? "The power of a theory is its ability to predict."](https://www.youtube.com/watch?v=BdBe5_8z53A&ab_channel=BigThink) +* [Video of Byrne discussing illegal naked shorts, criminal activity by Citadel, Amazon breaking up small businesses, and the ignorance of the SEC](https://www.youtube.com/watch?v=3XQXPiYDkcI&feature=youtu.be&ab_channel=ShortsDidNotClose) +* ["There is in place a system, an Al-Qaeda so to speak, a loosely organized group of people who are destroying small companies and looting the savings of America" ](https://www.reddit.com/r/Superstonk/comments/rypsfh/there_is_in_place_a_system_an_alqaeda_so_to_speak/) +* [Patrick Byrne calls Steve Cohen (Point72) the "Sith Lord" of short sellers](https://www.businessinsider.com/overstock-ceo-patrick-byrne-names-steve-cohen-and-mike-milken-as-sith-lords-2010-1) +* ["If you haven't DRS'd your shares, you do not own them"](https://www.reddit.com/r/Superstonk/comments/s1qrpm/overstock_ceo_if_you_havent_drsd_your_shares_you/) + +His battle against short sellers and the ["cellar boxing" plan of MMs and SHFs](https://www.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/) led Bryne pretty unsuccessfully for years, however he announced a digital dividend with Overstock to force the closing of short positions. + +[(Here's a great DD on that i used in this text from u/Minuteman\_Capital](https://www.reddit.com/r/Superstonk/comments/o6si8c/how_overstocks_squeeze_was_a_twopart_squiz_court/)[)](https://www.reddit.com/r/Superstonk/comments/o6si8c/how_overstocks_squeeze_was_a_twopart_squiz_court/) + +**What happened with Overstock?** + +Overstock issued digital shares. Because they are tied to a blockchain, they are unique and have intrinsic value that has no cash equivalent. DTCC wanted to get around this and told the brokers that a payment in lieu of a dividend was in order, and DTCC set the value. This was stopped by Overstock in court because DTCC was trying to be shady. That's why it looks like there were two squeezes at Overstock. The first one was stopped when DTCC said that payments in lieu of dividends were okay, and some brokers wanted to implement it that way first. + +[Overstock from the announcement of the digital dividend to the effective squeeze](https://preview.redd.it/lydm226mfbr81.png?width=1302&format=png&auto=webp&s=9784948175dbac15f4fde09c40c6844d6acfcd11) + +The hedgies were fucked and after an initial "fake squeeze" the real overstock squeeze increased by 17x, although the official short interest was much lower than GME today. The second squeeze occurred over the course of 4 months after the digital dividend was issued. + +**The details of the court case almost certainly set a legal precedent for GME to do the same.** *(For more information on the court process, see this great DD by* u/Region-Formal *explaining the details in easy to understand terms)* + +* [*https://www.reddit.com/r/Superstonk/comments/ptvq89/the\_overstock\_court\_ruling\_in\_utah\_yesterday/*](https://www.reddit.com/r/Superstonk/comments/ptvq89/the_overstock_court_ruling_in_utah_yesterday/) + +So Ryan Cohen bought into GameStop shortly after Overstock introduced the concept of ending naked shorting. + +* RC saw that a digital dividend had legal precedent +* RC saw that while the shorts were busted, the problem of naked shorts and fake stock was not fixed and the market was still a sham + +**So he's been tweaking a solution for almost 2-years....** + +Really every company realizes what eliminating fake shares from their inventory does. Naked shorting robs company investors of money in exchange for something that doesn't exist, and the company itself misses out on revenue for those shorted shares. So the company loses operating revenue and in most cases the company is driven out of business. + +# And that's how GameStop begins its journey to become a technology company and fuck the shorts in the process + +*(Credits to* u/antidecaf *for* [this Information](https://www.reddit.com/r/Superstonk/comments/tuj9j6/rc_fired_the_nuclear_warhead_and_no_one_is/)*)* + +I'm pretty sure Ryan Cohen is following suit, so GameStop will soon announce that the stock they issue via dividend will be delivered in the form of tokenized securities to the new GameStop wallet on the NFT marketplace. Given what they know, it would be irresponsible for GameStop's board to put new shares into DTCC's hands. + +* **The existing shares** (76 million) would remain where they currently are and can continue to be traded through a broker on the public exchanges +* **The new shares** that are issued can then be traded on GameStop's own marketplace via blockchain + +**So no broker can't pay out cash in lieu of a tokenized security. Shorts can't offer fake shares and then just resell them endlessly.** + +If you have your Stonks DRS and they are in your name, then you can easily get your tokenized shares from Computershare. + +If your shares are not in Computershare, then you may find that your broker is unlikely to deliver, as there are not enough tokenized shares to deliver every shareholder their entitlement. + +It is maybe not enough for a proof of Naked Shorting, but there are currently 76 million shares outstanding and about 14 million short sales reported on the stock exchange, these 14 million (not naked) short sales would be enough for Moass. Uncovered short sales, of which I think we have a lot, could perhaps not be proven, but would still have to be covered, currently they are uncovered and hidden from the stock exchanges. + +Shorts would have only two options left in this case: + +* They buy back all the fake shares from the brokers to fulfill their obligation to provide tokenized shares +* They try to buy tokenized shares for the short positions on their books. In both cases, it is a **forced purchase of GME** and a **trigger for MOASS** as it triggers an avalanche of short covering. Maintaining the short positions also costs the shorts a chunk of money.... + +The real problem for shorts would be now that there will not be tokenized shares to buy because all shareholders are entitled the divident, if a short cant deliver they must close, so at divident pay day, MOASS should already happened and the tokenized shares have served their purpose for starting the Rocket, their value will be what the market sets on them. + +All shares are real, they sold us fake ones, buy is buying them makes them real, the shorter is required to return the share if it cant deliver a divident, and a return of a share is identical to buying any share for sale. + +Say post moass, lets say 50% of retail held shares are at Computershare/ GameStop Wallet and 50% of retail held shares at at brokers, all are real. + +(*Excerpt from a* [*good and detailed explanatory DD*](https://www.reddit.com/r/Superstonk/comments/tuoeaz/the_coming_horrors_awaiting_shorts/)*, about the coming horrors that await the shorts. Credits to* u/raddoc22) + +Let's assume a SHF has a short position of 5 million GameStop shares (we know the number is much larger - the official short interest alone is 15 million shares, according to Ortex) + +**If you are short a stock, you are not entitled to a stock dividend, you actually have to pay for the dividend.** + +>If an investor is short a stock on the record date, he or she is not entitled to the dividend. Instead, the investor is responsible for paying the dividend, which he owes to the lender of the stock he is short and has borrowed. - Investopedia + +After a lets say 5 to 1 dividend, SHF is still short 5 million GME. But now they also have to deliver an additional 25 million shares, bringing the liability to 30 million shares. + +**Time for some smooth math:** + +A SHF has sold 5 million shares of GameStop at the market price of $165. If they had to close that position now at that price before the dividend, that's a cool $825 million they'd have to raise. But let's assume SHF can't or won't close the position before the dividend. So he's left with 5 million shares in the red after a 5-to-1 dividend. Now the SHF has a commitment of 30 million shares of which 25 million must be bought and delivered. + +The SHF could keep their short position of 5 million shares open, so by potentially having to buy 25 million shares (5 to 1 of their original position) at a price somewhere between $90.80 and $245.... + +90.80 x 25,000,000 = $2.27 billion + +245 x 25,000,000 = $6.125 billion. + +Ouch. Remember, this is just to keep their 5 million short positions open. If they want to close out their positions completely, they have to add the cost of another 5 million shares: + +Best case: $2.27 billion + (5,000,000 x 90.80)= $2.681 billion + +Worst case: $6.125 billion + (5,000,000 x 245) = $7.35 billion + +**Good thing the shorts were all closed in January 2021, right?** + +[german version of \\"i doubt it\\"](https://preview.redd.it/31xs55pfgbr81.png?width=392&format=png&auto=webp&s=40c2dd1e1677f4080b448377e3e2e187297ded68) + +That's exactly how Overstock did it, and they set an important precedent in lawsuits that they won. GameStop also has a clause that says they have to approve any payment in lieu of a dividend, and DTCC can't act on its own in this matter. + +The problem for the shorts will be that simply buying back the shares will not be enough if shorts do not have the shares available. + +Everyone who owns a share on the record date is entitled to a dividend. So to "fulfill the obligation" they would have to buy back the shares **BEFORE** the record date. Now if I'm interpreting this correctly, that means MOASS start **AND** ends before we receive our new shares. **So we finally have a plausible time frame for MOASS. Hedgies are fuck!** + +# But why do I believe GameStop is really issuing token shares ? + +*(Following Information is from this great* [*GME Exchange DD*](https://www.reddit.com/r/Superstonk/comments/tsd61i/gme_exchange_change_the_game_an_all_encompassing/) *by* u/bosshax) + +Because of this guy GameStop hired in Dec 2021: [**Kurt FUCKING Bierbower**](https://www.linkedin.com/in/kurtb1200/) 🍻 MORE BIERPOWER!!! 🍻 + +https://preview.redd.it/9p770ar4hbr81.png?width=736&format=png&auto=webp&s=596cfdccb533a33daa3a5885922658a1702903f8 + +Kurt is an **all-star blockchain executive** and the **head of GME Entertainment LLC**, the stealth Web3 startup created inside GameStop, which will likely see another spinoff in the future as Ryan Cohen likes spinoffs, see his letter to the BBBY board ( u/knutolee [spinoff theory](https://www.reddit.com/r/Superstonk/comments/tgw6qf/screening_the_ryan_cohen_playbook_the_systematic/) \- here we go again). Remember this is a long term play and nothing will happen overnight, the company still needs to grow and generate revenue from the Web3 division to make this process. + +Back to Kurt, who closed the deal between GameStop and IMX on behalf of GME Entertainment LLC. + +As already stated Kurt is a blockchain superstar - but he brings a very unique set of skills. **He brings something to GameStop that no one else has, or hasn't yet :-)** + +Kurt has experience with US regulated cryptocurrency and blockchain technology. He has also been heavily involved in deals with the largest FX brokers in the world, the largest cryptocurrency exchange in Japan, bitcoin mining, gaming platforms, NFT platforms, and stablecoins. + +He also comes from the institutional world (Big Money) and created a regulated dark pool cryptocurrency exchange. + +[There is a theory](https://www.reddit.com/r/Superstonk/comments/t7ghsf/gamestop_loopring_tokenized_peer_to_peer_stock/) that GameStop is working on building an **Alternate Trading System (ATS) exchange** based on ComputerShare with the GameStop wallet on the Loopring protocol. + +**So Kurt Bierbower is the head of GME Entertainment LLC, an all-star of blockchain banking, and the visionary who will make GameStop and our theories mainstream.** + +Imagine if your GameStop wallet held **your OWN digital assets**, including cash, NFTs, cryptos, and stocks. You could lend your assets and get paid interest. Brokers and banks make fat profits lending out your stocks and cash... in part... without your knowledge. Very soon you can do it yourself. **BE YOUR OWN BANK!** + +[Dreams become reality](https://preview.redd.it/9uz98ffohbr81.png?width=591&format=png&auto=webp&s=cb737ba6b3ed456d2f8fbd05564475c9073c76ff) + +An acquisition of Loopring is also still up in the air according to the rumor mill, and it's not through yet. Most won't see the great technology behind it until later, though Loopring has been pretty transparent all along about what they can do with their protocol. **A decentralized Binance and Robinhood.** + +# PG-13, do you OGs remember that? + +Back to the stock split and the issuance of the new shares. + +**It can't be said enough: best to DRS if you want the most coveted digital property in history delivered guaranteed.** + +The record date for this will be announced after the AGM vote in the summer, along with the exact split ratio. It's the date by which you have to have bought your shares to be eligible for the dividend. + +The lenders of shares (brokers) will recall their borrowed shares for the dividend and vote (for reasons). If there are shorts left before the dividend and it is a **7-4-1** split, my fingers are really tingling. **The OG DDs are coming true!** + +[cryptic split leak from July 2021](https://preview.redd.it/nsb9o8qxhbr81.png?width=588&format=png&auto=webp&s=e8caff4aa2db8660671230338702790ab3230053) + +[9-month old DD via stock split - credits to u\/BurnieSlander \(give this king a flair!\)](https://preview.redd.it/i7dk7tnzhbr81.png?width=734&format=png&auto=webp&s=e064a9130074e85050c3f8bb295a6d7daa400f55) + +Link to the OG PG-13 DD: [https://www.reddit.com/r/Superstonk/comments/onw3ie/pg13/](https://www.reddit.com/r/Superstonk/comments/onw3ie/pg13/) + +[We couldn't have a cooler chair man🪑! Love you Ryan!](https://preview.redd.it/133iwos7ibr81.png?width=797&format=png&auto=webp&s=64b5afb7a6337a8009c823064d18c79f165ceebb) + +I guess Ryan Cohen wouldn't be saying **"Buckle up!"** and the GameStop Twitter account wouldn't be tweeting **"oops \*moass\* my bad"** if they weren't really planning on helping us autistic people get to the moon.... + +[was deleted again shortly after publication](https://preview.redd.it/df2rghfoibr81.png?width=310&format=png&auto=webp&s=5fe1a70d23e42592bff17872b06e295933c955ba) + +We've all been following RC's tweets since January 2021. These are by far the most direct messages to us. After all, there has been a lot written about the art of war, and I won't pretend to have read it, but I know that one of the rules is **"attack your enemies only when victory is certain."** Most of what Ryan has said about shorts in the past was simply an emoji with a pair of shorts. Now, not only has he put it into words, but he's compared shorts to the Stormtroopers from Star Wars. But even better than that is that he called them the **DUMB Stormtroopers**. + +Ryan has the path of victory in mind and there is no stopping him. Otherwise, he wouldn't have challenged his enemies so blatantly. We will win this fight! It is a pleasure to board this rocket ship with you. See you soon on the moon🌙 🚀 👨🚀 + +(great theory on RC's acting and a comparison to Sun Tzu's tactical dispositions in The Art of War) + +* [https://www.reddit.com/r/Superstonk/comments/tb09z3/theory\_on\_why\_rc\_is\_acting\_and\_communicating\_more/](https://www.reddit.com/r/Superstonk/comments/tb09z3/theory_on_why_rc_is_acting_and_communicating_more/) + +[I love this picture!](https://preview.redd.it/r8unatgjibr81.png?width=519&format=png&auto=webp&s=53ab9ab2053f804b5651e394161e01e0d9811d21) + +I have also seen how some have wondered why Ryan Cohen didn't just partner with Overstock/ TZero to issue tokenized securities, since they specialize in them. + +However, the answer is now very obvious. TZero has just hired a new CEO. The man was a top executive at the NYSE and a board member of DTCC. TZero is centralized. Basically, the wolves are taking over the hen house. + +**Ryan Cohen and Loopring, as we know, are designed to be completely decentralized.** + +**Ryan knows the way, and this is the way.** + +# Well it's probably pretty crappy to be short at GME "trading is a tough game don't ya think?" + +[Founder of Point72 - Short in GME - after turning off the buy button at the January sneeze](https://preview.redd.it/f4vglba3jbr81.png?width=595&format=png&auto=webp&s=77fab951b1cb9e764ac10258dd568bcf3de7d520) + +I'm sure you all remember that video of Ken Griffin from 2008 talking about surviving another day, right? + +When RC basically told the Dump Stormtroopers with the stock dividend announcement, MOASS is coming this year whether you like it or not. + +**If you are in Kenny's or Steve\`s position, you have two choices now:** + +* Do I lose infinite money after the announcement for my infinite risk what I took by closing the short positions +* Do I lose infinite money later when I am forced to close my short position + +If your goal was to "fight to survive another day", would you give up right away, or would you do a bunch of shady things to push the price below the pain threshold so people don't have to buy in just yet? + +**Just remember that they want you to be frustrated, so they make decisions based on emotion, not logic.** + +**But With every trade there is a winner and a loser.... Thousands of 🦍 are about to become winners. LFG! WAGMI 🚀🚀🚀🚀** + +# Name a worse time to be a dumb Stormtrooper, I'll wait... + +https://preview.redd.it/d7tni0lkjbr81.png?width=702&format=png&auto=webp&s=fb1816e6feef0f57425032e616b89462781ed613 +It's Thanksgiving, and I'm trying hard to count my blessings. Living below the poverty level is hard, but I feel really blessed in some ways, so I wanted to share some things I'm thankful for and let some of you share yours. + +1. Social Security, Medicare and Medicaid - even though the government keeps trying to take these life-saving programs away from us, they haven't yet. I don't know what I would do if I didn't have the blessing of these programs to enable me to have a place to live and health care. +2. SNAP - Even though I don't eat like a queen, I eat well, and being on SNAP has made me much more conscious of how I spend my food dollars. I don't eat as much junk food, and I'm the queen of stretching a small amount of meat and veggies into a 3-day meal that is also healthy. Knowing that no matter what, I'm going to have food every month is such a blessing to me. +3. My apartment - When I was looking for a new place to live, I thought I'd never find anything I could afford. I can't even remember how I found this place, but I'm so happy I did. Not only do I have a really nice apartment for the money, but there is a courtyard and space outside where I'm allowed to garden. Management is awesome, and my rent only goes up about $10 a year. This place has been such a blessing! +4. My health - while I'm older and have a few health issues, I'm still able to do most things for myself and be independent. Without a car, I walk to a lot of places and really enjoy it. I'm still able to enjoy my gardening, although on a much smaller scale. My lupus is now "inactive," so I must be doing something right. +5. Giving people - I've gotten so much help from loving, giving people. They've given me everything from clothes, food, and furniture to free plants for my garden. I owe so much to the generosity of others. It's truly a blessing. +6. Reddit - I have met so many wonderful, caring, loving people on Reddit; people who are willing to give of what little they have to help other people in need. I know most of the people on here are Millenials, and it gives this old lady so much hope for the future to know that so many of you are so caring. Blessings to each and every one of you. + +What are you thankful for this Thanksgiving season? +I am 22 years old, currently working in software making around 100k and I don't know much about finance so bear with me. Right now I have a Roth IRA and a 401K that I plan to max out every year. In terms of savings I plan to save an additional ~10-15 thousand a year. I've used some IRA and 401K calculators but they don't really have the options to calculate a total if you stopped investing at a certain point. I assumed that it would just be the annual rate of return *= the present balance each year? So my K at 45 years old would be around 1M at 6% annual return. + +Getting to the point, would it be wise to continue to add to my IRA after retirement at 45 until I am around 60? If so, how much should these investments accumulate in order to maintain a $70,000 withdrawal rate when I am able to do so at 59.5 years old? + +Edit 1: So what I've gathered up to this point is that I can't contribute to my IRA after retirement since I won't be earning an income. Also, accounting for 7% annual return also should cover the average rate of inflation at 3% since the average rate of return is usually 10%. + +So given my future financial situation (if everything goes as planned) I should be looking at 2-2.5M from my 401K and IRA not accounting for any salary increases. I looked into the 4% rule and it seems like it should be fine? +# Fellow Apes! + +I've figured out a plan and it **literally can't go tits up.** + +# Someone gave me a plat award! SO... + +I'm handing out **rehypothecated plat awards** to **everyone** who posts on r/Superstonk today!! + +&#x200B; + +No strings attached. Just **comment somewhere on the sub** at some point today. + +Obviously this is a big **time commitment from me**, but I'm doing it because **I love this community.** + +&#x200B; + +Also, if you can't see the plat award, don't worry... it's there. It's just short. **I promise to deliver** down the line. + +Also, also! **Feel free** to **rehypothecate your** **awards** you get from me. This will go down as reddit's **most generous day ever** and **literally can't go tits up!** + +&#x200B; + +**Edit 1:** After 30 minutes, plat SI% is **42.0%**. We're fine. + +**Edit 2:** After 45 minutes, plat SI% is **690%**. Give me a minute. + +**Edit 3:** After 46 minutes, plat SI% is back down to **6.9%**. Carry on. + +&#x200B; + +**Edit 4:** Four hours in, and all these drones are freaking me out. I'm keeping the lights on all night, just in case. + +**Edit 5:** Six hours in, and I'm totally not funneling all-seeing eyes through the Caymans with my friends. The end is totally not nigh. No way this goes tits up. + +**Edit 6:** Eight hours. Unplugged the phone. Go away, Marge. + +&#x200B; + +**Edit 7: Final Edit** + +This is Agent Smith of the **Platinum Exchange Coin Registrar**. On behalf of **PECR**, I need to inform you that u/Apprehensive-Salt-42 has been shut down, and his **platinum seized.** + +u/Apprehensive-Salt-42 was found in violation of several, albeit **small, PECR** **regulations**. The investigation is still ongoing, so we will not comment further beyond saying: + +# Buy, HODL, Vote, and don't engage with small PECRs. + +\-Agent Smith, Big Swinging PECR +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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Not sure if this is because I'm in Canada or just a crap exchange. They say they'll fix their website in the next week but I don't give a shit anymore, I'd lost out on potentially doubling my investment already because I've been waiting for a goddamn month. Seriously fuck Kraken, biggest headache and regrets in my life just sitting there and waiting for nothing to happen. Should've listened to previous complaints about this incompetent exchange. Transferred to Quadriga and never going back to fucking Kraken. +I have a degiro netherlands account and i feel very nervous buying index funds there. I worry that one day my index funds would disappear because i was buying some weird options or leverage thing that i wasnt aware of. I know dutch but my knowledge is very limited. + +Can i switch it to english? Or somehow make sure that i dont accidentally buy something other than a simple index funds? +Good evening everyone, + + +Normally I would make a massive angry rant/whinge about property prices but not only have others beaten me to it but I can't even summon the energy to be angry anymore and its not like the housing Gods will take pity on me and magically make housing more affordable. So I have to work with what I got. + + +Anyway we all know by now that property is only going up due to FOMO, TINA, government intervention and low interest rates (which is here to stay for a long time). We also know that desirable 'bluechip' suburbs will always be expensive because everyone wants to live there but I grew up in the Western suburbs of Sydney (Bankstown/Punchbowl area) and I'm not picky in the slightest. If anything I'm happy to move further out West or to the fringes of Sydney to areas with rough reputations (Blacktown/Penrith/Liverpool) which will more likely to be cheaper since fewer people want to live there. I'm even happy to settle for an apartment of townhouse these days. The only things I care about is close to public transport and hospitals for work (work in NSW Health). + + +Some people are worried about the risk of high crime but part of me thinks these so called dodgy areas will become gentrified once young professionals start getting pushed and priced out of the more desirable areas and start settling into these rough areas though I could be dead wrong as well. + +So those of you who bought in 'dodgy areas' (regardless of property type and state), Was it worth it from a financial and life style point of view ? How did it turn out ? Any other information is more than appreciated. + + +Thank you for your time and have a great day (whatever is left of it). +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 fairly new investor (post Covid crash—started investing around late June) and I was wondering where I could find some reading material on the psychology of traders/investors before the crashes in 2000 and 2008. I’m 16 years old so I haven’t really lived through a financial crisis, I believe it’s crucial to study the history of the markets to have better judgment about the future of the stock market. + +Im super curious as to what people were thinking about the state of market prior to the market crashing. If people could provide some articles, forum pages, papers etc concerning this topic that would be very helpful. +I know this is someone trying to see if they can scam me, and I know it's posted on here a lot. What I wanted to know is: + +1) Once I report this, will I still be able to use my account? I have rent due in a few days and don't want to miss it because my account is 'Locked' while this is being investigated. + +2) When I call it in, can I request that the account that sent the money be blocked from doing it again? + +&#x200B; + +Any advice is appreciated. + +EDIT: + +First, thank you everyone. + +Second, I just left my bank and after looking into it, it was a verification deposit from my new employer who did not tell me they would be doing this. +So apparently Stan Lee released NFT collection from the dead. Stan Lee's twitter account has a tweet about an NFT collection. + +This was the tweet from Stan Lee's twitter account + +***From championing diversity to embracing new tech, Stan was 1 step ahead of the curve. To honor his innovative spirit, Stan's 1st Indian hero, Chakra The Invincible, debuts in his own NFT (digital art) collection from 7:30pm PT 12/27-12pm PT 12/29!*** + +The website is even worse + + **Honoring what would have been Stan Lee’s 99th birthday on December 28th, we are inviting all of Stan’s fans to celebrate his amazing legacy with us by sharing ownership** + +How is making money off him Honoring his legacy? + +I hate to see Stan Lee being used to shill something. I mean the person is dead , they just can't let the man rest in peace. Stan Lee was my idol when I was younger and seeing this company take advantage of his name and creations is heartbreaking. +https://www.cnbc.com/2019/04/18/a-controversial-part-of-robinhoods-business-tripled-in-sales-thanks-to-high-frequency-trading-firms.html + + +>Robinhood’s co-founder and CEO Vlad Tenev defended the practice in a blog post. + +>Tenev said like its broker-dealer peers, the start-up “participates in rebate programs which help customers get additional price improvement for their orders by creating competition amongst the exchanges and liquidity providers who fill the orders, often resulting in superior execution quality.” + +>“We send your orders to the market maker that’s most likely to give you the best execution quality,” Tenev said a blog post. The company also said it does not take rebates into consideration. “All market makers with whom we work have the same rebate rate.” +Over the past few months I've realised how well growing up in poverty has prepared me for money getting tighter. Just thought I may share some tips to help you save some pennies as much as possible! + +- Cook more than you need and freeze/ have left overs for lunch. Boring diet is sometimes better for your wallet + +- Learn how to use herbs and spices, makes it easier to cook from nothing + +- You can get herbs and spices cheaper at a local zero waste store, or by buying in bulk + +- You can trim the ends of your own hair, it won't be great but it will do and will save you money + +- FOR THE LOVE OF GOD, DO NOT SHAVE YOUR DOG + +- For holidays you can get camping gear very cheap on Facebook market place. Pack up a bag and go for a night. You'll get away and feel refreshed + +- If you get a prescription monthly ask your doctor for three months worth in one go as your repeat. They will probably say no, but you may get two months worth per script + +- If you have the time get involved in volunteering, it's free and sometimes you'll get something out of it. I volunteer with a local youth group, I get a week camping each year, okay it's chaos but you don't spend a penny all week and you feel like you've done something good + +- If you have any specific dietary requirements try and replace foods instead of buying the dietary requirement friendly food. E.g. I can't have gluten, I now eat rice instead of pasta +With more friends looking for work at the minute a lot are coming across employers who are asking them to put together "briefs" as part of the interview process. + + +This can consist of market research, trends forecasting and product design including components/ingredients, packaging, financials, branding, timelines etc. + + +I can't help but feel this is a cheap way for companies to extract talent and ideas from potential employees, who are essentially giving a consultation service. + + +Has anyone got any experience of this from either side of the interview table? +An attorney that practices in MO/KS sent our landlord group some recommendations today that I thought were worth passing on and some forms that can be used. (If you want the forms, you'll be able to access the law firm's forms at the link below. Although she only practices in those two states and your state laws may be different, I think it's worth looking at her forms and adapting them to your state's laws. ) + +She pointed out that landlords should do the following things: + +1. If you forgive rent for one or more tenants, you should be prepared to do the same for all tenants if you wish to avoid potential allegations of discrimination. +2. You should have a written guideline for any hardship relief you'll provide, and then provide relief in accordance with that guideline. There should be equal application regardless of protected classes of people (race, age, color, religion, national origin, pregnancy, family status, citizenship, or disability.) +3. You should require all communications with tenants about any COVID-19 debt relief to be in writing, and you should keep copies of those communications. + +You can find tenant communication forms that will offer you some legal protection as well at her website [www.mokslaw.com/forms](https://www.mokslaw.com/forms) under the "COVID-19" section. +With QYLD printing an all time low at the September option expiry and thus locking most of NDX's monthly decline into its new call contract (11,750), here are some performance stats as food for thought on this investment: + +Over the past 3 months, QYLD share price is down 4% while QQQ is up 7%. + +Since the Covid low in March 2020, QYLD share price is down almost 10% while QQQ is up almost 70%. + +After dropping over 10% during the Sept '22 call contract, for QYLD to claw back to its share price as of the August '22 expiry will take at least 4 consecutive months of NDX being flat or up between the monthly expiry dates. + +Every long-term QYLD holder who bought in from October 2020 on is red on a yield-adjusted basis. That means they would have been ahead having left their cash in a checking account and paying out the equivalent "income" to themselves from their own money. The tax burden from last year's Return of Capital rugpull makes this picture even worse for some. + +If (when?) QYLD takes out $14 in the next few months, we will need to stretch back to 2017 to find yield-adjusted entry points that beat the "pay yourself from your own checking account" income strategy. CD holders will be much further ahead. +People always talk about the companies on the list of Dividend Aristocrats (25+ consecutive years of increased dividend payment). These are known to be reliable and well-known companies, but are some of them actually good investments? + +For example, over the past 5 years these are the total returns of some companies on the list: AT&T (-40%), Exxon (-28%), Altria (-30%), Walgreens (-42%), IBM (-23%), Kraft Heinz Co (-58%). ALL terrible returns over the past half-decade. On the other hand, companies such as Home Depot, AbbVie, Broadcom, Bank of America, and McDonald’s all have returns of over 100% each over the same time period, some even up over 200%. + +Yes, all of these companies have solid and reliable dividends. But capital appreciation and total stock price returns should be the main thing people consider rather than a couple dollars in dividends. + +What are people’s takes on this? +If the former is true, stop what you’re doing, and go read about why you should direct register and actually own the shares in your name. Your shitty broker is internalizing, betting against you. Robbing you. They turned off the buy button. They can turn off the sell button. Cancel trades. They’re criminals. They break the law, over and over, with no repercussions. At most, fines that are somehow less than the ill-gotten gains. Breaking the law is profitable, and they will break it again to fuck us. Why wouldn’t they? So, please, go learn about why you should actually own your shares, and how it can help end (possibly) the naked short-selling of this stock I presume you love. + +And if it’s the latter, if it’s 7:1 bots, that just speaks to the quality of the community. I love the stock. The story is unfolding slower than my cost of living is rising. It fucking hurts. To buy. And DRS. And hold. But we see the bullishit now. We’ve peeked behind the curtain. It’s why they’re pumping millions of dollars into fake news, to no avail. No amount of bots or shills can change the fact that GameStop now publishes their drs numbers. That is incontrovertible truth. They did it, again, and with even more helpful info this time. + +This is real. You are not crazy. The executive team is paid in stock. You’re going to be rich. Only if you hold. Sooner if you DRS. + +You paid for it. Why not own it? +Say you’re under water and want to walk away from the home loan due to a crash, what would happen to you if you defaulted? + +Would they garnish wages? Would the debt folloe you? + +How long until you could get another home loan? + +Edit: thanks for the helpful advice. I’ll just point out I’m not in this situation. I’m just more curious than anything, incase house prices fall I’m sure people will be in negative equity (if the falls actually eventuate). +until robinhood lifts purchase restrictions (which they won't) the GME story has ended. + +&#x200B; + +and if robinhood lifts purchase restrictions and GME starts to rocket again they will simply reapply them. + +&#x200B; + +So unless all the retail money dumps robinhood this story is over. + +&#x200B; + +It's obvious to anyone who does not own shares. +I have family who has money being invested by Credit Suisse, and have seen things in the news about Credit Suisse possibly going under. They don't follow markets or financial news, so I would want to warn them if there is any risk to their estate. + +If Credit Suisse was to go under and not get bailed out, would individuals money be at risk? +The markets are definitely behaving in mysterious ways lately. It seems like we turn from bullish to bearish and vice versa on the daily. I find it a bit odd that the market is pumping on the news of a recession. + +Is Bitcoin and crypto proving it really is a hedge against the devaluing of the dollar, or is the fact it was only a 75bp hike until September that maybe caused the case for optimism? + +Do you guys believe in this pump or is it just temporary until another leg down? I personally am not sure so I’m just slowly DCAing into my favourite projects. + +Let me know your thoughts in the comments below. Have a great day everyone! +Hello folks! My mortgage will be renewed next year and I have some savings. If I pay a lump sum next year before the renewal, my new mortgage will be lower (and less interest). But after playing with the mortgage calculator from the big banks, I found that this may not be always true. If I pay the lump sum AFTER renewing the mortgage, even though the mortgage is higher, I’m saving more interest and the remaining balance is lower in the long term. Is this true or did I use the calculator wrong? +Mr Buffet as well other value investors recommend to buy and hold good stocks and not to try to Time the market, yet we see good value investors in and out of stocks all the time. + +but we also know the gigantic size #BKR needs to handle so how hard it is to get in and out of stocks. while we individuals with small sums of money we can easily do so. + +so which approach is theoretically superior; to hold the good stocks as long as the companies still got the good management and good hypothesis or to sell the stock the appears to be over ripe ? + +\#AAPL reaching this very high price by Friday's closure intrigued me to think if I better to keep holding my stocks or sell them and find other investment that might still have the potential to go up. + +yes AAPL is a good company and a stock everyone likes but what is the best approach to harvest ripe stocks and find other immature ones or to stick to good winners all the way ? + +please let me know your hypothesis and advise. +I put $15 birthday money into eth since I'm a younger teen and it's at $90 now. I would've invested more if I had more. + +I'm pissed. Will there ever be another opportunity to make this much return by clicking a few buttons? +[We moved!](https://imgur.com/gallery/W3TGEMQ) + +This is the final installment of post [number 1](https://www.reddit.com/r/fatFIRE/comments/h9q54f/how_much_house_is_too_much/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) and [number 2](https://www.reddit.com/r/fatFIRE/comments/hip6yj/how_much_house_is_too_much_part_2/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) exploring how much house is too much. + +We closed on a newish <4,000 square foot home last month, almost three times the size of our last place. + +The mortgage is ~$9,000/mo, which doesn’t feel great on the way out, but is justifiable considering the perks. + +The perks: There is space. Space space space. Space to make a mess, space to walk around, space to put something down, space to pick something up, space to not notice when a contractor is in your house, space to have a conversation, space to cook, space to sleep, space space space. Additionally, it is walkable to everything, which was our number one criteria. + +The downside: Maintenance. After an initial flurry, I’ve acclimated to a fairly regular schedule of checking on and fixing things. Some things are small like light bulbs and some things are big like pool chlorinators, but they are things, and they need constant attention. + +Apologies if this is anticlimactic. The new place is fantastic. We are happy we moved. I throw our children in the pool every day to tire them out. This is pretty awesome. + +Thank you to everybody who helped to guide us in this decision. + +And to complete the series with a final answer to the question “how much house is too much?” the answer is... *more than what you need, and just more than you can take.* Anything between your needs and your means is perfect. + +Best regards, +A +I have a bad habit of spending ‘extra' money on things I want and quite frankly I really don't have extra money since I’m not saving anything. I'm trying an all-out spending freeze for a couple of months. Literally, just pay for essential stuff and if there’s any left put it in savings. I need to re-establish my relationship with money and not rely on spending to feel happy or run to it when I’m bored. Has anyone tried something similar? +Found another Citadel violation this afternoon. Failing to withdraw their status as a 'market maker' for symbols subject to corporate actions and short-sale bans. + +We're now up to 61. The total was 58 when I wrote Citadel Has No Clothes. + +I'll just leave this right here- Enjoy. + +&#x200B; + +[https:\/\/files.brokercheck.finra.org\/firm\/firm\_116797.pdf](https://preview.redd.it/fm5ef9aclir71.jpg?width=1020&format=pjpg&auto=webp&s=aacfa985db213435dfdbdbe1d32e09f1d95970b4) +G’day All, + +Now I’m not asking for advice but I would just like to know the difference between these two listed asx company’s. I know one is a LIC and one is an ETF but over the long haul what is a better investment? Cheers! +What kinda records to we hold here for; + +T+2 gains $ figure, T+2 gains %, Most bags on sale, Largest gains $ & vice versa with losses... + +Since we are a casino & I clearly love gains I would be interested to hear any stories anyone has from their travels into the autistic realm. + +Fire away 🚀 +I went out in Sydney tonight for dinner and drinks and every place I went to would not accept cash and then charged a credit card surcharge. +It seems like this is becoming more and more common which is a problem in and of itself, however the real problem I have is the (what I believe) is a breach of ACCC rules. + +I understand that where a company don't offer cash as a form of payment and charge a CC surcharge, they must include the cost of the surcharge in the advertised price. +Essentially you can't advertise a price that no one will be able to pay. + +I've reported all companies for this conduct. Has anyone else done this before and will the ACCC actually do anything about it? +😈🥵💯🚀Sh\*talik F\*ckerin, a f\*ckface who is already a multi millionaire, rugged his own community for 1 BILLION US Dollars in order to "donate the money to India." Idiot.🚀💯🥵😈 + +&#x200B; + +In short, he forced each and every one of the holders in his community to donate to a cause they might not even support. He suspended the free will of his community. He stole peoples savings in order to be a virtue signaling f\*ckface. This can not be left unnoticed. Never forgive, never forget. The guy is an empathetic sadist #1. + +&#x200B; + +With the Shitalik Token we want to raise enough money to start a mega advertising campaign and show the world that you can NOT dump on your community, extract 1 BILLION USD of someone elses wealth and excuse it with the fact that you did it for "charity." + +&#x200B; + +We want to: Buy billboards, newspaper and online ads and if this thing pops off really well, even radio time. + +P.S. Elon Musk is a f\*cking shithead too. + +&#x200B; + +TOKENOMICS + +♦️ - 15% FEES PER TRANSACTION + +♦️ - 5% distributed to all holders. + +♦️ - 5% auto add to the liquidity pool. + +♦️ - 3% marketing and development. + +♦️ - 2% burned. + +♦️ - 100% of LP is Locked + +♦️ - Contract is Renounced + +&#x200B; + +Proof in TG: u/ShitalikBSC + +&#x200B; + +1,000,000,000,000,000 total supply (1 Quadrillion) + +Developers pre-own 3% of supply. + +&#x200B; + +🧾 CONTRACT: + +[https://bscscan.com/address/0x4e23bad44de68085a8250ae8f9b247293cee124e#code](https://bscscan.com/address/0x4e23bad44de68085a8250ae8f9b247293cee124e#code) + +&#x200B; + +🧾 RUG SCREEN CERT + +[https://www.rugscreen.com/scan/certificate?tokenid=79dea73a66](https://www.rugscreen.com/scan/certificate?tokenid=79dea73a66) + +[https://www.rugscreen.com](https://www.rugscreen.com) + +&#x200B; + +🧾 LP LOCK + +[https://dxsale.app/app/pages/dxlockview?id=0&add=0x11d9fBDF23184B1a22368E8ffAa3262D68691544&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0x11d9fBDF23184B1a22368E8ffAa3262D68691544&type=lplock&chain=BSC) + +&#x200B; + +🧾 OWNERSHIP RENOUNCE + +[https://bscscan.com/tx/0x41959bf6dded8df5ca955309e029972d7ad6500ace95626327c763a54082ff33](https://bscscan.com/tx/0x41959bf6dded8df5ca955309e029972d7ad6500ace95626327c763a54082ff33) +Non native English speaker here. + +I live in Bangladesh where a lot of people live in extreme poverty, earning less than USD 2.00 or less. + +Now all the personal finance and wealth building books that I have seen tend to be directed towards Westerners. They assume that there is a functioning stock market that keeps on growing over time. They assume there are social safety nets such as disability, health and unemployment insurance. There is also an assumption that there are few barriers to employment or starting a business and there are tons of opportunities. + +This is simply not true for people living in absolute poverty in developing countries. For instance here in Bangladesh the stock market regularly crashes. There are no social safety nets whether its disability or unemployment insurance or universal healthcare. Bangladesh ranks last in Ease of Doing Business and opportunities for income generation are few and far between. This situation is evermore tolling on people under the USD 2.0 poverty line. Lots of them can read English and are working in menial jobs but cannot have a budget as the books suggest because the expenses are often more than the income: so they can't really save and invest. If they do save, a problem often occurs that depletes their savings (since there are no safety nets they fall into the poverty trap). + +So my question is: Are there ANY books out there that targets people living in extreme poverty to get out of their situation and be financially independent? Or are they beyond help and such books targeting them are simply not possible? + +Edit: Cryptocurrency is illegal and punishable with 10 years in jail. Opening an overseas account is illegal and there are strict currency controls to prevent money going out or into the country. + +Edit 2: Whoah this blew up! I am trying to reply to as much of the comments I can. Also, I am actually not at the USD 2.00 per day mark, I am more at the USD 8.00 per day and I am considered middle class by Bangladeshi standards. This was a general question. Besides if a book can help someone on the USD 2.00/day, it should be able to help anyone in a developing country. +Back a couple years ago I was a witness to a multi-car auto accident on the freeway where firetrucks, ambulances, and multiple tow trucks had to be called. To preface, no damage was done to my vehicle. No insurance claims were filed against me or on my behalf. Everyone in my vehicle was fine (albeit shaken) and we drove away from the scene after giving a statement. These facts matter. + +A week after the accident I received a bill for $500 for the Fire/EMS crews that showed up. I immediately called the number on the bill and was told that everyone involved in the accident was charged $500 to recoup the cost of sending those crews out (isn't that what my taxes are for?) but not to worry because my insurance will cover it in my claim. I told the guy I didn't file a claim because no damage was done to my vehicle and I only stayed as a witness. I was told that if I was only a witness then I shouldn't be charged a fine and I need to write that in a letter and mail it to them for their records and they'll take care of it. Seems reasonable and simple enough so that's what I did. + +A few months go by and I receive the same $500 bill saying it's going to collections if I don't pay immediately. I call the number again and tell them the same story. They also tell me the same story - I need to write a letter and send it in to them. I told them I already did that and they said maybe I didn't write things out clear enough and to write another letter and send it in. + +This was 2 years ago and I thought everything was good to go because I never heard anything again. Apparently that's not the case because it proceeded to go to collections during this time and within the last 12 months I had this $500 bill show up on one of my credit reports dinging me 50 points. I've disputed this collection through the credit reporting agency but it's still on my report. What do I need to do to make this go away? It's extremely frustrating. + +**Edit:** Some things I forgot to mention: + +* the guy I talked to on the phone the second time told me not to worry about it going to collections because their collections department was the guy 2 cubicles over from him. It never goes to a third party collector. If I write to the collections department, I'd be writing to the same office I've already written to. + +* Going to the news seems like a good idea as an anonymous person, but the practicality of putting my identity and face on TV to complain about my city government is a thought that terrifies me and is not something I'm interested in. + +* I also no longer have the bill or the contact information from the agency that sent it to me. How can I find this? + +**Edit 2:** RIP my inbox. I promise I will read all the responses and try to respond to them. It’s definitely going to take me a few hours and it’s getting late so please bare with me. +Over the last few days, I have watched a dozen videos now where someone is explaining the benefits of having a credit card and how it could be used as a device to improve my CIBIL score. + +Here is the question I have (I might be completely wrong about this but), doesn't a good and an average CIBIL score affect your *chance of getting the loan* itself and not the interest rate? Say, if you have a CIBIL score of 780 and I have 800, doesn't this just make me a better candidate for the loan but I do not necessarily get the same loan at a lower interest rate. Right? + +How is the CIBIL score used practically in the Indian context? I have seen in some movies in the US that the score they have dictates the interest rate they have to pay...is it something we have here in India as well? Thank you. +I bought 70k worth of VGRO just before the Coronavirus hit the news. It’s a decent portion of my life savings and although it has a horizon of 20+ years I can’t help but feel a little deflated after buying literally right before what will probably be the biggest downturn since 2008. + +How do you all stay positive in times like these? +I know this sub is unapologetically pro XEQT, and it’s allocation to Europe isn’t huge, but has anyone pulled back from XEQT to focus on strictly on North America (i.e., S&P500 and TSX)? +I'm in my mid-30's with about $2M in NW, almost all in stocks (\~35% S&P, \~65% tech index funds). I work in tech and my income is also mostly in company stock. This has worked out really well for me so far, but I know that past performance is not an indicator of future results and that I'm wayyy over-allocated on tech stocks, especially since my income is highly correlated with my investments. + +I'd like to diversify, but I want to keep a high-risk high-reward allocation. Are there any investment opportunities that are relatively uncorrelated with typical stock index funds? One thing I'm considering is REITs, since I don't own any property. + +Also, I'm guessing crypto is going to be a popular suggestion. To be honest I'm not a believer in crypto so I'd prefer to stay away from it. + +EDIT: I appreciate all the suggestions so far! For those wondering why I'm so focused on low-effort investment opportunities: my current job pays extremely well but also requires a ton of effort. Given my current net worth, I don't think putting a lot of extra effort into investing would give me better returns than spending that extra effort on my day job and just doing low-effort investing. I understand that others might not be in the same situation and for them there are many great suggestions in the comments. + +IMO the best options that I've heard so far for someone in my situation are: + +* Better diversification of stocks away from tech by buying VTI / VTSAX +* Buying a primary residence (not a great option for me personally, but a great choice in general) +* Buying real estate (for little effort, REITs in a Roth IRA, but sounds like there are much better opportunities with some more effort) + +EDIT: Two more clarifications: + +1. My goal is high reward *in expectation*. I could go to Vegas and put everything on black at the roulette table. That would certainly be high risk and has the potential for a high reward. But it's a losing play in expectation. I want something more like being the casino in that scenario -- you might lose big or win big on any single day, but it's a profitable play in expectation, especially in the long run. Stocks have this property. +2. My other goal is *diversification* of high-risk strategies. Leveraged ETFs would amplify my risk/reward and I'm going to consider them, but they are still highly correlated with my current investments (non-leveraged ETFs). +Hi all, interested to hear your thoughts on this. + +You've got 100k cash. + +Let's say it's a given that one property you're looking at is hovering right around the 1% rule. + +Purchase price is 190k and it'll rent for $1,900 monthly. + +If you put 20% down, it just hardly even cash flows with interest rates where they are (I'm calculating 7%), taxes, cap exp, insurance, vacancy, and management. + +Do you feel it's worth it to: + +1. Buy a few properties at 20% down +2. Increase the down payment to get better cash flow but maybe only have 1 unit. +3. Pass and wait for better deals + +With #3, I've been watching an area I'm super familiar with for about a year now and there's just absolutely nothing in terms of a deal (I know it's mainly due to the housing market). I'm not opposed to passing until something comes up, I just worry that I'm getting paralysis analysis and trying to time the market, etc. + +Let me know your thoughts and philosophies on this. I'm super interested. +I am 55 and want to retire bad. I have $1.5 million in a taxable investment account. Thinking about putting it all in JEPI and collecting the 8% annual dividend payout monthly and living on it. I might do a trailing stop loss of 20% to protect against a black swan event. + +I understand the first 25% of the dividend is taxed at qualified dividends and the remaining 75% taxed as ordinary income. + +Have really enjoyed reading this forum and greatly appreciate any and all feedback! +I recently got a $2 hour raise at work. I was putting $25 weekly into my portfolio in dividends... yes not much but it's better then nothing. I recently put it up to $75 weekly. Can this relatively small amount really do anything to build a decent portfolio. I am kinda new to this so please don't tear me up. I've been buying into QYLD mostly but I also have some QYLG, KO, RYLD, and just recently got some GOF. I started with $1250 into it to get it started. I have DRIP setup on all the ones I hold and when I get paid I decide which ones u wanna buy that week. I am partial to monthly dividend stocks but not opposed to quarterly either. I just like knowing I can gain more position every month off my dividend payouts. + +What would you recommend? Which stocks and how much of my pay should I be doing into it? My bring home is around $900-$1400 weekly depending on OT available and how many side jobs I can do. + +My bills are roughly 2k a month. I just don't want to over extend myself and not have enough saved to make it thru my layoff period in winter. I don't plan on ever selling any dividend stocks... I rather like to think of them as "free" cash flow and putting my money to work for me + +Any help is appreciated +Forgive me if this is a stupid question, but I’m really having trouble understanding. + +There’s so many cafes, businesses, and places that need workers right now, but it feels like three years ago (when I was 15) it was impossible to get just a basic fast food job. + +I hear all the time “people need to get off welfare” but surely there’s not that many people leeching the system. Or is there? + +Thanks AusFinance, you never fail me. +I live in the North Bay Area which is currently burning to the fucking ground. It just hit me, as I'm packing a bag and waiting for evacuation orders, that I am now jobless. I have absolutely no idea what to do in this situation. Any advice would be appreciated, and I'm sorry if this is not the right sub to post this in. + +Edit: North Bay Area, California. Sorry for the confusion, my polite Canadian friends. + +Edit 2: got a hold of my GM. He's been evacuated and has been up all night. He is understandably frazzled right now and doesn't really know what to do either. He said he will get in touch when he knows something ad he is currently stuck in traffic. + +Edit 3: Thank you everyone for all your advice and well wishes! I filed a claim with unemployment and they were extremely helpful and understanding. If it turns out that I will still be getting paid I can cancel the claim, but if not, it has been filed ASAP. My heart goes out to all those who have lost their homes, business, and have missing or injured loved ones. +First-time filings for unemployment insurance totaled 2.44 million last week as the tail effects of the coronavirus shutdown continued to impact the U.S. jobs market. + +Economists surveyed by Dow Jones had been looking for 2.4 million claims. + +The total, while still well above anything the nation had seen in pre-coronavirus America, represents the seventh straight week of decline following the record peak of 6.9 million in late March. + +In addition, a review from last week brought the number down substantially, from 2.98 million to 2.69 million. + +https://www.cnbc.com/2020/05/21/us-weekly-jobless-claims.html +Sorry if this doesn't deserve a thread of its own or if I'm not being reasonable here, but there's something that's been irking me from a long time. + + +In FY 19-20 and 20-21 I used PPF as 80c instrument and exhausted the full 1.5L limit. Those investments at 7.1% have already given me around 38k returns which will compound further. Had I done that 1.5L investment in start of the FY my returns would have been higher. + +In FY 21_22, instead of PPF, I invested 1.3L in ELSS and my returns are in negative. (-2.15%). And all the ELSS had higher CAGR than ppf. + +Am I looking at them wrong /too early /. Kindly advise. + +Edit : why I chose elss over ppf, lock in period of 3 years compared to 15 in ppf and some equity +I have been seeing a lot of posts about this topic with misinformed opinions. I wanted to contribute my thoughts to help those who are wanting to get into the market but are concerned. + +I’m not looking to argue endlessly esp if you have no experience in property. + +Everyone loves to follow the big headlines and freak out about rise in interest rates. If you believe that that please do some research as to why property prices have gone up the way they did in the last 2 years. It wasn’t only low interest rates. It was a multitude of factors. + +Here’s a few things to think about before saying housing market will crash: + +-currently there’s a severe shortage of supply of new builds. Material cost has gone up insanely higher than before. + +-80% of the buying that lead to this boom was done by owner occupiers… I repeat owner occupiers. There’s only been one other boom lead by owner occupiers and pieces held up after that. This is the second one and the same will happen. This is because owner occupiers aren’t looking at selling anytime soon even if interest rates rise. + +-floor assessment rates. Everyone who applies for a loan gets assessed at 3 bases points higher than the rates they’re charged. Banks assessments are super strict and they’re not lending money to everyone. That’s why people who can’t buy are posting about a incoming crash + +-rents are increasing and will continue to do so. For the few investors who have bought at the higher prices they will get more rent and can still service the higher rates. + +-incoming immigration. Again another supply and demand factor that everyone is ignoring. We havnt taken on any immigrants in the last 2 years. Once the borders open.. demand will be astronomical. + +So please stop following the headlines blindly without doing your own research. Back in 2020 all the same experts predicted a 30% crash but we all know what happened after. If you’re sitting on the side lines and waiting to jump into the market.. do it.. don’t wait you’ll just be missing out on growth. There are markets within markets so do your own research. +Good luck to every one. +I live in CA and started with real estate 5 years ago. A lot of people suggest the mid-west and other places with much better cash flow. We ended up buying two quadraplexes within driving distance just cause we were more comfortable with being able to easily visit the places. + +Our first quad was $800k and had a cash flow of $2k the first year. Then it went up to $10k, then $20k, then $24k, then $26k. According to the rules on here, no one would recommend buying such a place. In general, it has been pretty turnkey. We have about $2k of maintenance calls per year, and then a few larger things, like replacing water heaters, replacing some flooring, etc. Still nothing more than a few thousand additional per year (although this year we put AC in all units which cost $9500, including all the new electrical breakers). We have all long term tenants and no one has moved in 4 years. + +Right now, our rents are a bit undermarket because of the pandemic, we didn't raise them last year as anticipated. When we bought the place, rents were $5740/month. Now they are $7k/month. We've been raising them 5%/yr (roughly) and have become undermarket. We should have raised them more, but also the year without raising them affected that. + +The property was recently valued at $1.3million. It blew our minds. We looked into comps and talked to agents and found out that yes, we could definitely get that for our place. I did the math, including having 8% in selling fees and closing costs if we sell. We paid 25% down, and our return has averaged 28%/yr for the last 5 years. That is way better than the stock market. + +Our second quad was bought a year after the first. It came with terrible tenants and a lot of bad infrastructure. We had to put about $80k total into redoing all the units completely (new kitchen/bathroom/water heaters/doors/paint). It cost $850k and took 3 years to finally have a positive cash flow. So even with that being a much worse deal, on average, our cash we put into that had a return of 20%/yr. + +Just giving a different perspective that has worked out pretty well. +*source:* coinbase API. They only have data starting 2016, Jan 1st so this is where I start my analysis. + +since 2016 this even has occurred 14 times in monthly bins. + +*method*: + +* I calculated the lagging 90 day high closing price and then figure out how many days and months it took to recover. +* Currently bitcoin is \~ 48% of the 90 day high so I filter by events this has occur by month. +* I then figure out how many days or months it took to recover ***had you bought at the absolute highest***. + +&#x200B; + +*results*: + +&#x200B; + +|date|close|BTC.USD.volume|max\_90|pct\_change|recover\_days|recover\_months| +|:-|:-|:-|:-|:-|:-|:-| +|2018-01|9014.23|38171.97|19650.01|\-54.1|1033|34.4| +|2018-02|6905.19|59578.6982|19650.01|\-64.9|1029|34.3| +|2018-03|6816.01|15434.5228|17098.99|\-60.1|961|32| +|2018-04|6619.01|10756.5497|17098.99|\-61.3|956|31.9| +|2018-06|5851.66|7769.81165|9800|\-40.3|358|11.9| +|2018-11|3731.32|36455.2237|7360|\-49.3|168|5.6| +|2018-12|3183|9343.2724|6750|\-52.8|147|4.9| +|2019-01|3397.42|8709.6973|6503.12|\-47.8|102|3.4| +|2019-02|3409.57|6032.81895|6503.12|\-47.6|96|3.2| +|2020-03|4857.1|113902.203|10371.33|\-53.2|137|4.6| +|2021-05|34627.82|27999.1507|63588.22|\-45.5|143|4.8| +|2021-06|31594.63|26505.1927|63588.22|\-50.3|116|3.9| +|2021-07|29796.16|18114.1529|58958.05|\-49.5|87|2.9| +|2022-01|35101.33|21310.7209|67554.84|\-48| | | + +&#x200B; + +So as you can see, historically this has occurred 14 times since 2016. In 2018 was the worse, because just when you thought you bought at the absolute lowest, the ATH actually shifts and every month it kept on dropping. + +Median + +the median months it took to recover is 4.9 months or 147 days. The lowest it dropped was 64.9% on 2018, Feb. + +Here is a histogram. + +&#x200B; + +https://preview.redd.it/7ul6wj37z9d81.png?width=600&format=png&auto=webp&s=640ecac37cc7b325ffa979954eac0cbbd38b8fc0 + +&#x200B; + +&#x200B; + +TLDR: buckle up; historically it takes **about 4.9 months or 147 days to recover from a drop of -40-64%**. **The shortest it took was 2.9 months and the longest was 34.4 months to recover**. The lowest it ever drop was on Feb 2018 about 64.9% and that took 1029 days to recover. The good news is that it will *likely recover again*. + +***edit***: A few comments below observed that the recovery phase seems to be getting faster so plotted this this as well. + +&#x200B; + +[recover time](https://preview.redd.it/uraeqpwzgad81.png?width=500&format=png&auto=webp&s=8998cce4073f2d0178fe89bee89534bd2dd598ef) + +&#x200B; +You can look at their books, but I believe it’s difficult to make an informed decision about $RBLX without some experience with the website and games themselves. Here are some of my thoughts from being an active member since 2007. Feel free to ask me any questions you might have about the platform. + +Roblox has been available to the public since 2006; you’re not investing in a new up & coming company. It’s been around for 16 years, which is very long for an online game. That in itself is a good sign, but its potential and success is pretty cemented as of now. The lack of worldwide reach (with the majority of users being from North America) is worrisome, but there may be room for growth. + +They are currently sitting at **2.4 billion** registered users. The daily active user (DAU) count is somewhere around **30 million** (see S-1 form in my edit). Thus, the vast majority of registered users are inactive users or bots who prey on dumb kids to steal their account info via cookies. This is more of an anecdote than something you can really back up with hard numbers and data because it’s obviously not something Roblox tracks itself. Every group and comments section on Roblox is plagued by bots spamming fishy links that take you to places for “free Robux” and such. There’s a game on Roblox called New User Machine that tracks the total amount of players and shows the most recently created ones. Basically, it’s a conveyer belt of bots with random letter & number usernames. Their security and captcha, to summarize, sucks. + +Roblox itself is a game client, but the website houses a variety of games made by users, of varying quality. There are some real gems but some real garbage as well. The front page cycles the same popular games and not a lot of up-and-coming ones. I can imagine it would be quite difficult to break into the algorithm if you’re not already a popular developer. Some people use/pay for bots to pump up their game’s likes and user count. This is obviously against the site's TOS, but it’s difficult to get ahead unless you pour hundreds into on-site ads. + +Years ago, they shut down the forum, which contributed to a lot of helpful and insightful on-site discussion. They did so because they believed it was becoming difficult to moderate. Hire more moderators? That on top of the fact that the chat filter (both on-site and in-game) is becoming increasingly overbearing, it’s difficult to hold a conversation on the website, let alone form a tight-knit community. I feel a community is **essential** to the success of a social game platform like this one; right now, it feels like a soulless, barren corporate wasteland, compared to what it was before. Take a look at their [logo change](https://logos-world.net/wp-content/uploads/2020/10/Roblox-Logo-History.jpg), which summarizes the company’s new ethos well. There’s the argument that the chat filter needs to be overbearing because of the possibility of online predators - which is true - but there’s a difference between overbearing and broken. Sometimes, every second word is censored, even completely innocent ones. + +Their customer support is pretty dismal. Not much else to say here, but I’ve personally dealt with it, and unless you are asking something really basic that can be answered by looking at the FAQ, they’re not much help. Just your typical outsourced copy & paste replies. When it comes to accidental moderation resulting in bans or account deletion, or account theft, they’re not very helpful. I’ve had an account made in 2010 deleted in 2016 for something I did not do (account theft; the account itself was stolen) and they were no help. + +Years ago as well, the “free” currency Tickets were removed, leaving the premium one, Robux. Tickets were awarded on daily login and could be used to purchase cosmetics and such. Now, join any game and almost every avatar you see is the default one because the vast majority of kids aren’t paying for the premium membership which gives you monthly Robux, nor are they paying for Robux itself. + +Thus, parent’s wallets are the limiting factor on how much Roblox can grow, because a lot of the older base such as myself shares the same sour sentiment regarding the website as a whole. Even newer users are seen calling for the “glory days” of Roblox to come back, which is odd since they themselves did not experience those “glory days”. That being said, the general community sentiment seems that not many people are happy with the site in its current state, which makes me wonder if it’s current young user base is sustainable or if Roblox depends on cycling generations of kids and isn’t really capable of building an older following in its current state. + +Moving on, there’s a thriving black market for Robux and limited cosmetic items because of the aforementioned poor on-site economy. The cosmetics catalog used to have sales for holidays like Black Friday and Memorial Day. These are no longer a thing as of the last few years, which seems like a simple enough thing to do to keep Robux flowing in the economy, but they refuse to do so. (??) + +Speaking of site-wide events, celebrations like a yearly Egg Hunt, events which were dear to many users, are no more. Instead, they are replaced with corporate promotional events. These don’t yield independent games made by Roblox themselves like the Egg Hunt; instead, independent developers are “contracted” to shimmy these elements into their games. Doesn’t make for a very memorable experience, and I don’t know if the microtransactions yielded are any higher than they were for the previous events. + +The search function on the website is pretty broken; for example, if you search the cosmetics catalog for “Adidas hoodie”, that can net you “ADIDAS ADIDAS ADIDAS ADIDAS” named items that may not be a hoodie or relevant to what you’re looking for at all, just something that’s spammed the tag you searched for. This has been the case for years and no attempt to remedy it is evident. + +Recently, user-generated content (UGC) has been introduced to the cosmetics catalog, in which approved users can upload hats and other cosmetics rather than just Roblox themselves as before. One of the only good features introduced in the last few years in my opinion, but as a result, Roblox itself has essentially stopped making any cosmetics themselves. + +Basically, with the content creation almost exclusively done by independent users and developers, the site now runs itself. As a result, it feels the platform has been stagnating creatively for years. Beyond updating the game client, it’s not really clear what (if anything) Roblox does behind the scenes to promote growth. There’s a lot of very simple improvements and features that could be introduced to satisfy the user base and maintain the appeal to kids and the older audience, but Roblox seems to be reluctant to do so for some reason. For instance, it’s weird that users are begging for on-site sales, which are such a cornerstone of almost any business, or site events, which should be essential as a social game platform. This makes me worry they are forgetting that their user base made them successful in the first place. In short, it doesn’t seem to have the exponential growth it saw from 2007 to the early/mid-2010s, which is worrisome as the platform as a whole is not doing a good job at creating a loyal user base. + +All that being said, this is my perspective of a player. I hope a developer can chime in with their thoughts on the pros and cons of developing on Roblox, what their Robux income looks like, and how that translates into real-world currency. + +**EDIT:** This post has blown up way past the point I expected it to. As such, I feel it's necessary to address some of the points that myself and others have brought up in this thread. Going forward, this will be more of a financial approach that can tie in with my product/customer analysis. + +[Here is Roblox's S-1 form.](https://www.sec.gov/Archives/edgar/data/1315098/000119312520298230/d87104ds1.htm) I want to specifically focus on a few sections: + +>***We have a history of net losses and we may not be able to achieve or maintain profitability in the future.*** +> +>We have incurred net losses since our inception, and we expect to continue to incur net losses in the near future. We incurred net losses of $97.2 million, $86.0 million, and $203.2 million for the years ended December 31, 2018 and 2019, and the nine months ended September 30, 2020, respectively. As of September 30, 2020, we had an accumulated deficit of $484.0 million. We also expect our operating expenses to increase significantly in future periods, and **if our** **DAU growth does not increase to offset these anticipated increases in our operating expenses, our business, results of operations, and financial condition will be harmed, and we may not be able to achieve or maintain profitability**. We expect our costs and expenses to increase in future periods as we intend to continue to make significant investments to grow our business. These efforts may be more costly than we expect and may not result in increased revenue or growth of our business. In addition to the expected costs to grow our business, we also expect to incur significant additional legal, accounting, and other expenses as a newly public company. If we fail to increase our revenue to sufficiently offset the increases in our operating expenses, we will not be able to achieve or maintain profitability in the future. + +Roblox is currently relying upon their Daily Active Users (DAU) to increase past their record all-time high to achieve profitability after a history of net loss. This record was achieved mostly likely due to the current pandemic keeping kids locked inside. They touch on this here: + +>***We have experienced rapid growth in recent periods, and our recent growth rates may not be indicative of our future growth or the growth of our market.*** +> +>We have experienced rapid growth in the three months ended June 30, 2020, September 30, 2020 and for a portion of the three months ended March 31, 2020, due in part to the COVID-19 pandemic given our users have been online more as a result of global COVID-19 shelter-in-place policies. For example, our bookings increased 171% from the nine-months ended September 30, 2019 to the nine months ended September 30, 2020. We do not expect these activity levels to be sustained, and in future periods we expect growth rates for our revenue to decline, and we may not experience any growth in bookings or our user base during periods where we are comparing against COVID-19 impacted periods (i.e. the three months ended March 31, 2020, June 30, 2020, and September 30, 2020). Our historical revenue, bookings and user base growth should not be considered indicative of our future performance. We believe our overall acceptance, revenue growth and increases in bookings depend on a number of factors, including, but not limited to, our ability to: +> +>• **expand the number of developers, creators, and users on our platform;** +> +>• **provide excellent customer experience and customer support for our developers, creators, and users;** +> +>**• increase global awareness of our brand.** + +The bolded bullet points here tie in directly with points I have mentioned in my original post, along with this section here: + +>***We depend on our developers to create digital content that our users find compelling, and our business will suffer if we are unable to entertain our users, improve the experience of our users, or properly incentivize our developers and creators to develop content.*** +> +>Our platform enables our developers to create experiences and virtual items, which we refer to as user generated content. Our platform relies on our developers to create experiences and virtual items on our platform for our users to acquire and/or use. Our users interact with these experiences, which are largely **free** to engage with. + +Largely free to engage with - this echoes my previous sentiment in which few players are really seen spending money on this game, at least compared to the amount who don't. + +So, let's conclude. Where do we stand? + +* [Roblox has developers bringing in millions of dollars, with one of them reportedly bringing in $50 million as of 2020.](https://preview.redd.it/vzbeykpuffj61.png?width=1308&format=png&auto=webp&s=fb544d5496049a3bd14bce8db3cad31e1896db6a) + * Another thing to note here that I thought was funny was the President mentioning his Roblox account being a company goal. Ambitious, or last-ditch effort at marketing? + * This is taken from the [2020 Roblox Developer's Conference.](https://blog.roblox.com/2020/07/rdc-2020-recap/) +* [Roblox has an Amazon store selling merchandise and toys, the latter of which are also available in stores worldwide.](https://www.amazon.com/roblox?=&_encoding=UTF8&tag=r05d13-20&linkCode=ur2&linkId=5562fc29c05b45562a86358c198356eb&camp=1789&creative=9325&productGridPageIndex=2) +* Roblox runs its own data centers to deliver its platform. + * For the nine months ended September 30, 2019, direct infrastructure costs were $58.2 million, or 13% of bookings, and grew by 66% to $96.8 million, or 8% of bookings, in the nine months ended September 30, 2020. + * This data is taken from the S-1 form. + +So, it's clear that the company is well cemented and has elements that should signify growth, but it's still unclear why such significant investment and presence in the online video game market has not yet translated to profit. This makes it difficult for me to make a bull case for $RBLX. The DPO on March 10th is expected to be around $45. Had this offering been in the single digits or teens, I believe a great long value play could've been made. For me, $45 is a bit too rich for my blood for a company that is hinging on continued growth past the pandemic and a lot of other things going right that should have already happened in the last 16 years that they have been in business. + +**EDIT 2**: I feel the need to address a point brought up in [this comment chain, which is a great read and offers the developer insight I was looking for.](https://www.reddit.com/r/investing/comments/lrl4qf/thoughts_from_my_personal_experience_with_roblox/gooabb3/?context=3) A lot of Roblox's viability for future growth hinges on continuing to grow as a game engine & platform rather than just a social platform for kids that happens to have games. Here are my thoughts on that, as things stand now. + +For Roblox to be taken more seriously as a game engine, like Unity or Unreal, they need to continue to rebrand and move past the image of "kid's Lego game/Minecraft alternative", which will consume even more capital than they're already investing, not to mention the costs of simply going public. Their VC funding last year leading to their 30M valuation is 7x bigger than the funding of the previous year. Whether that symbolizes huge future growth or dumping the company on retail investors as a backup is up to your belief in the company. + +The game engine uses Lua, and it has improved a lot in the past years. [Here are some images showing what's possible.](https://preview.redd.it/s5b0bxgqkfj61.png?width=690&format=png&auto=webp&s=cc1447a41923c6ec69d9626a644d486c54c3af78) Looks great, right? Yes, but their target demographic doesn't have cutting-edge PCs that can run those graphics. From their S1: + +>68% of our engagement hours on the platform were from users who signed up through the Apple App Store and Google Play Store. + +These kids play on tablets, not supercomputers. That being said, any game developed in Roblox needs to work with the economy of the website. Unity and Unreal don't suffer from this, because they were never a social platform for kids. Whether or not that is a limiting factor to growth depends on the games developers want to make. You must also keep in mind that whatever is developed on Roblox needs to be gobbled up by an age group that is predominantly under 13. From their S1: + +>For the nine months ended September 30, 2020, 54% of our users were under the age of 13. + +A lot of accounts could have fake birthdays, lending further to the idea of a young player base. As a result, complex games with cutting-edge industry tech isn't the cash cow here. This means that all the money invested in improving the platform might not result in tangible returns. Furthermore, the most popular games are cash grab "simulators" and carbon copies of games that already exist, sometimes with stolen assets. That presents a copyright problem if Roblox is to continue expanding. + +If you got this far, thanks for reading, and best of luck in your future investments. +I'm currently taking a leave of absence from uni, but I've got a job and I can support myself. My relationship with my parents is pretty complicated, and I'd like to separate myself from them as much as possible. I'm pretty sure that when I make the call to tell them I don't need their money, they might not stop, so is it possible to block them through my bank? +Just like the title says my new landlord wants to pay me 25k to leave. They want to remodel and charge a lot more for my current apartment. They told me they will pay me in separate checks so that I dont have to pay taxes. Is that even legal? + +I make 50k a year and the rent in this neighborhood for my type of apartment is now around 1300+ and Im paying 1200. Should I just take the money and look for another place? + +Edit: I should add that they initially offered me 15k a couple of months ago but I never got the chance to reply to them because I got busy. + +Edit: I shouldve added that the ownership of my apartment recently changed. I think a bigger company bought the building because we no longer have management on site and getting hold of someone for any type of requests has been very difficult. Ive noticed a lot of the units empty too so they must have accepted the offer. +My dad has been doing rent homes for 30+ years and has always bitched about contractors failing to show up, failing to communicate, and just overall being terrible at doing what you ask them to do. Now it's my turn to experience - I've had 3 tile guys fail to show up in the past month. It always an excuse or just zero reply period to my messages. I text them the day before to confirm then they just never show. They came to see the job and quote - it's a basic bathroom tile job and they all expressed interest with me providing all the materials. + +Is there a secret to finding a contractor that will just do the god damn job? +DISCLAIMER: THIS IS PURE SPECULATION AND SHOULD NOT BE TAKEN AS INVESTING ADVICE, THIS INFORMATION COULD BE WRONG. + +This was written by my brother (no reddit account/comment karma): + +I think I have discovered which company is going to announce its token on Thursdays Token Summit. +These were my hints: + > At Thursdays Token Summit “a big traditional company with millions of users will announce that they will be issuing a token” +as said by William Mougayar, on Friday May 19, which organizes the Token Summit. + +Then, on Saturday May 20, Nick Tomaino, co-host of Thurdays Token Summit wrote on his blog: +> “One of the first consumer apps outside the space will also be discussing a token-based initiative.” + +> “one well-known consumer app with millions of users outside the blockchain world” + +Source: https://thecontrol.co/things-im-looking-forward-to-at-token-summit-da3d2c9eb25f + +So instead of everyone thinking about ‘traditional’ as in non-tech or something, they meant: from outside the current blockchain world. All of the “well-known consumer apps” like Facebook, Youtube, Whatsapp etcetera have billions of users. Spotify is a well-known consumer app which only has millions of users. + +Also, on Friday 19 May, Jesse Walden, **co-founder of Mediachain Labs, which has been acquired by Spotify in April** (https://press.spotify.com/is/2017/04/26/spotify-acquires-mediachain-labs/), tweeted – in response to someone at last Fridays Ethereal Summit - that he would be at Thursdays Token Summit: + +>“Wish I could be there, but tokensummit next week!” +- https://twitter.com/jessewldn/status/865570854314405889 + +Token Summit schedule says: +11:45 – 12:00 PM +Surprise Announcement, William Mougayar interviews a founder who is announcing a special token offering. + +http://tokensummit.com/token-summit-program-new-york-may-25-2017/ + +It says: a founder, so perhaps it could be Jesse Walden, co-founder of Mediachain Labs recently acquired by Spotify. +The interesting thing about this is, that Mediachain Labs already had its Ethereum ERC20 token and dApp ready for preview release in March this year: +https://blog.mediachain.io/a-new-cryptocurrency-to-reward-creative-commons-creators-e41e1791c4c0 + +Also, William Mougayar which **organizes the Token Summit and will interview the founder** who is announcing a special token offering, already tweeted Jesse Walden in January about Mediachain Labs: +https://twitter.com/wmougayar/status/821483595713970176 + +He even thanks him in his book about blockchain: + +https://books.google.nl/books?id=X8oXDAAAQBAJ&pg=PR15&lpg=PR15&dq=william+mougayar+jesse+walden&source=bl&ots=jd0YzXZG_A&sig=7PUNGLqSVlUqbUQ1PvFuzy-VrVk&hl=en&sa=X&ved=0ahUKEwiapN7trIbUAhVSI1AKHeGoCAEQ6AEILjAC#v=onepage&q=william%20mougayar%20jesse%20walden&f=false + +Also, both William Mougayar and Union Square Ventures have invested in Mediachain Labs. Union Square Ventures is founded by Fred Wilson, which will be giving the final chat at Thursday Token Summit. + +https://themerkle.com/mediachain-labs-receives-1-5-million-in-seed-funding-from-union-square-ventures/ + +**“Mediachain,** a open source platform using blockchain technology to track media ownership, has received $1.5 million in seed funding from **Union Square Ventures** and Andreessen Horowitz – two of the biggest VC investors in the blockchain and digital currency space. +The funding round also saw participation from RRE Ventures, Alexis Ohanian, **William Mougayar** and Digital Currency Group, among others. +Established in 2016 by **Jesse Walden** and Denis Nazarov, Mediachain is the first decentralized repository of digital media that retains the link between the media file and its author” + +Here you see the final chat: + + +Token Summit Schedule: +5:00 – 5:25 PM +Final Fireside Chat- Recap and Reflections, Fred Wilson (Union Square Ventures) with William Mougayar + +So, we have a well-known app with millions of users which has recently acquired a blockchain company which already had its Ethereum token ready for preview release. Is it a coincidence that the co-founder is attending Token Summit according to his twitter, while he is not on the schedule anywhere? + +What do you guys think? + + +# Fellow Apes! + +I've figured out a plan and it **literally can't go tits up.** + +# Someone gave me a plat award! SO... + +I'm handing out **rehypothecated plat awards** to **everyone** who posts on r/Superstonk today!! + +&#x200B; + +No strings attached. Just **comment somewhere on the sub** at some point today. + +Obviously this is a big **time commitment from me**, but I'm doing it because **I love this community.** + +&#x200B; + +Also, if you can't see the plat award, don't worry... it's there. It's just short. **I promise to deliver** down the line. + +Also, also! **Feel free** to **rehypothecate your** **awards** you get from me. This will go down as reddit's **most generous day ever** and **literally can't go tits up!** + +&#x200B; + +**Edit 1:** After 30 minutes, plat SI% is **42.0%**. We're fine. + +**Edit 2:** After 45 minutes, plat SI% is **690%**. Give me a minute. + +**Edit 3:** After 46 minutes, plat SI% is back down to **6.9%**. Carry on. + +&#x200B; + +**Edit 4:** Four hours in, and all these drones are freaking me out. I'm keeping the lights on all night, just in case. + +**Edit 5:** Six hours in, and I'm totally not funneling all-seeing eyes through the Caymans with my friends. The end is totally not nigh. No way this goes tits up. + +**Edit 6:** Eight hours. Unplugged the phone. Go away, Marge. + +&#x200B; + +**Edit 7: Final Edit** + +This is Agent Smith of the **Platinum Exchange Coin Registrar**. On behalf of **PECR**, I need to inform you that u/Apprehensive-Salt-42 has been shut down, and his **platinum seized.** + +u/Apprehensive-Salt-42 was found in violation of several, albeit **small, PECR** **regulations**. The investigation is still ongoing, so we will not comment further beyond saying: + +# Buy, HODL, Vote, and don't engage with small PECRs. + +\-Agent Smith, Big Swinging PECR +As the title says, what is the disadvantage, if any, in using a fund like vanguards NJ Long-term tax-exempt fund (VNJTX) (I happen to live in NJ) or the like? +Historical returns are about the same as a normal bond fund, but are tax exempt both at federal and state level. +Seems like an obvious winner for cash like holdings over normal bonds, but I rarely see it talked about. +Am I missing something that makes a fund like this no a no go? +Nifty pe has gone above 30. What are the views of folks here on this? Are we in for a correction? https://twitter.com/SumitResearch/status/1288388493832417280?s=19 +I remember my economics professor telling me that there are basically two types of problems that India faces - Problems related to infrastructure and problems related to policy. While infrastructure related problems like electricity, ports, roads, health care etc cannot be solved overnight, policy related problems definitely can be and have been solved overnight with the stroke of a pen. + +Thanks to the license raj, policy related problems choke India more than infrastructure related problems. In fact, a lot of infrastructure related problems find their way back to policy related problems. The Balance of Payment crisis was a blessing in disguise for India as it helped do away with a lot of rigid laws related to import and export. This helped a lot of capital heavy industries blossom in India which wouldn't have blossomed otherwise and in some way, the BoP related crisis was majorly responsible for much of the growth that India witnessed between 1990-2015 before it started tapering off and now has come to a stand still because of corona. + +But this corona crisis has given the government an opportunity to clean up another messy area which inhibit mass manufacturing in India, that is labor laws. When I read Arvind Panagariya's book on India, he was very clear that the one major thing that stops India from completely eradicating poverty are labor laws. Arvind's logic was simple. Most countries go through three phases - agrarian, industrial and then information. As time passes by, agrarian cedes share to industrial and industrial to services and information. + +However, in India, the license raj kind of ensured that the industrial sector never grew. As a result, even in 2020, agriculture accounts for an insanely large number of people's employment in India. This is not sustainable as most farms in India are small and not mechanized. We have minimum support prices exactly because farming in this country is not efficient. If we were to start imports of all farm products without any tariffs then local farming would be wiped away and as a corollary this also proves that India cannot be an agricultural products exporter. + +As far as services is concerned, a lack of government intervention proved as a blessing in disguise. We are pretty much the Chinese equivalent of IT exports. Great quality stuff exported in operationally efficient ways and cheap prices. This has meant that companies like TCS, Wipro etc are multi-billion dollar behemoths. They are like the Foxconn equivalents of the services sector. However, these service based companies are generally high skilled and can employ on a limited population of the country, generally less than 10%. + +Coming to manufacturing, license raj completely killed the sector. From MSRTP and the labor laws to nationalization, all this completely killed Indian manufacturing. Scale matters a lot in manufacturing, the bigger you are, the more the economies of scale to a certain extent and the cheaper it is for you to produce something. This is simple economics 101 that is taught to everyone in a B-School. India however punished companies for being big and indirectly rewarded them for being small. This meant that most of the units that operated in India were small, made low quality products and could never compete with the international giants. + +Thanks to the 1991 crisis, at least import and export laws were relaxed, so Indian companies imported machinery from foreign and exported finished products outside. Else before even intermediate goods had to be sourced from India and if the intermediate itself was not of good quality, even the final product was not great. Letting companies import without much restriction led to capital intensive industries flourishing but these industries always employed low number of people and were not really your "community lifters". The reason was even though MSRTP and import laws were relaxed, labor laws were really a thorn. + +Labor laws in India are insanely complex. My economic professor told me there is no one single minimum wage law in India. Dozens of laws that do nothing for the vast majority of the public. They are a tool for harassment rather than protection. A lot of think thanks have been recommending for overhaul of labor laws but nothing happened and for good reason. A lot of political parties are driven by political capital. Why mess around with labor laws and then face the ire of left wing media, the super powerful labor unions, some of which are themselves affiliated with political parties and do a lot of the grunt work in election. + +The corona however has given a perfect opportunity. The whole world is engrossed like never before on an event that no one has ever seen at this scale. The media is engrossed, the public is engrossed and event the labor union people are locked up in their homes and can't come out and protest en-masse. Capitalizing on this a lot of states have taken up much needed labor reforms. UP has led the way by literally reducing labor laws to just four of them for a period of three years. + +All of this will definitely be challenged in court but if after a protracted legal battle, the current complex mess of 150+ local and state based labor laws get reduced to even 100, it would be a big win for the manufacturing industry. Some of the laws like asking the permission of a local politician before firing an employee are absolute bollocks that make no sense in today's age. + +A lot of people have talked about the violation of human rights etc but here's the thing - less than 20% of India works in the formal sector. Remove those working in service sector and the number of people working in formal manufacturing jobs is even lower. As much as 80-90% of manufacturing jobs in India are in the informal sector where there are NO benefits, no over time pay, no maternity leave, no medical coverage. NOTHING. + +The current labor laws look good on paper but apply to an insignificant part of the population and have acted as a disincentive for manufacturers to start operating as formal operation on a huge scale which is very crucial in mass manufacturing. I would any day prefer 50% of the population having a bunch of core rights which will come through the judicial process than an elite 10-20% enjoying extravagant benefits while the rest suffer. + +I have a strong feeling that these labor laws amendments get pushed through, it will open the flood gates to another growth of strong spell for India. But a lot of it depends on how the court react to this and how or whether states follow suit. +28M making 250k a year here (medical sales). Very frugal, but definitely have my eyes on a nice car (80kish). + +What are your guilty (expensive) pleasures? +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! + +[https://www.zerohedge.com/markets/market-bloodbath-middle-east-stocks-crater-kuwait-halted-aramco-below-ipo-dow-down-500](https://www.zerohedge.com/markets/market-bloodbath-middle-east-stocks-crater-kuwait-halted-aramco-below-ipo-dow-down-500) + +&#x200B; + +edit 2: + +WTI futures down to ~~$32.5 (-20%)~~ $28 (-33%) after the futures market opened: + +[https://m.investing.com/commodities/](https://m.investing.com/commodities/) + +&#x200B; + +edit 1: NY Times article with some good info (and for those who don't like ZH) + +[https://www.nytimes.com/2020/03/08/business/saudi-arabia-oil-prices.html](https://www.nytimes.com/2020/03/08/business/saudi-arabia-oil-prices.html) + +“Saudi Arabia is protecting its market position in the face of a collapse in oil demand, a shrinking physical market and greatly reduced prices,” said Sadad al-Husseini, a former executive vice president of Saudi Aramco. He argued that both Russia and Saudi Arabia would “come out of this down cycle as stronger players, while shale oil, oil sands and other costly or politically unstable producers struggle for financing.” + +“If you are Russia, it’s worth it for you to take a three-month price hit to see if you can knock out U.S. oil exports,” said Amy Myers Jaffe, an oil and Middle East expert at the Council on Foreign Relations. “They might be correct for three months but the shale never gets destroyed.” + +She said that the divergence in Saudi and Russian strategies “signals that the relationship between Saudi Arabia and Russia is on the skids.” + +In a report published last month, the International Energy Agency, the Paris-based monitoring group, said the Saudis could produce more than 2 million barrels a day more while the United Arab Emirates, Kuwait and Iraq could add roughly 1 million barrels a day between them. + +The crown prince’s ambitious and expensive economic development program, known as Vision 2030, could also be in trouble, Mr. Krane said, if oil producers open the taps and beat down prices. + +“A price war would cause the Saudis to put the entire Vision 2030 diversification plan on hold, while the kingdom hunkers down on austerity wages,” Mr. Krane said. +Think the idea mentioned in this previous thread https://www.reddit.com/r/UKPersonalFinance/comments/r1bks6/time_for_a_second_chart_salary_brackets_and_what/ is a cracking one. + +I've had a crack at putting something (very) rudimentary up, literally 45 minutes worth of work, but would love to get feedback and/or (ideally) direct fixes/additions/contributions as pull requests to https://github.com/mzjp2/uk-income-brackets. + +Site here: https://uk-income.zainp.com + Hey coiner, I’m Chris. + +To solve FOMO problem, my app **calculated** **social trend data** like: No. of new Twitter followers of a coin within 24h’, ‘% of new Twitter followers per day compared to the last 30 days average’, etc. + +For example, **a week ago, ETH surge a lot**, but in the first day and even a full week before, **there were no increase to the number of new Reddit subscribers a day, the number of new posts and online users even decreased** compared to the month before. + +**Twitter showed the same signs too,** with lower new followers and mentions, so I figured that **its just a short pump by whales to control the market** and buying strength would fall to support real soon. + +Therefore, I sold all my E on 7th Jan when i saw a pinbar, because i think people were starting to get hyped since ETH have x2 from 90$. That choice totally saved my ass, now at least i can buy more ETH after crashed. + +That aside, I also included small features like notification when there’s a **price surge in cryptocurrency within 60 minutes** (or a pump and dump as you call it), or when a coin is listed or delisted. + +This is link for android: [https://play.google.com/store/apps/details?id=com.cointrendtracker](https://play.google.com/store/apps/details?id=com.cointrendtracker) + +And for dude who use iphone: [https://itunes.apple.com/app/apple-store/id1443987253?mt=8](https://itunes.apple.com/app/apple-store/id1443987253?mt=8) + +Important thing to note: + +**- If you don't want to login, just choose " Stay incognito" option at bottom** + +\- This crappy indie app **won’t require any permission from your phone,** so you don’t have to worry about the safety of your private keys. + +I build it by myself with the help of some friends (i’m Major in Computer Programming). I know it just an unknown app, and you may find it so silly but i’d love to hear what you guys honestly think. I love coding useful tools for crypto trader so if you have any idea, but you aren’t able to make it, you can tell me about it via my email and I’ll try to make it a reality if I am able to. + +My email is: [nghia.dt143158@sis.hust.edu.vn](mailto:nghia.dt143158@sis.hust.edu.vn) + +Thanks for reading until here. Bless y’all +JEPI is brand new. JEPI is actively managed. JEPI has a high expense ratio. JEPI claims to use a covered call type strategy which doesn’t work well in bull markets. JEPI hasn’t proven itself over a 10y+ period. + +Sure JEPI has done quite well recently but we don’t know why. Lucky allocations? Genius money managers? Who knows?! + +I’m not a JEPI detractor but it seems like half this sub thinks it’s SCHD’s non-identical twin brother. +I graduated college 3 years ago and bought my first rental property recently. Ever since, I’ve felt some sort of disconnect or judged from my friends as they view landlords as “leeches” who are just making housing unaffordable. I grew up in a low income area and a lot of my friends are high school friends, so I do get where they’re coming from. I worked really hard as well as a couple of side hustles to come up with this down payment and also had to buy hours away because it was the only thing I could afford but I saw potential there. It really makes me sad because I had a vision of expanding my real estate portfolio and feel like it’ll be a big part of my life going forward. Do I just not share this info with them? Anyone else felt this way or have any advice? + +I plan to FIRE in 10 years at the age of 35 - I’ve been really invested in stocks and options right now and I feel like I don’t really have that in common with them as well. I did try to explain to them about the more basic stuff like ETFs, mutual funds, etc but they see it as gambling... and rather keep everything in cash. I know it’s not my place to tell them where to put their money but I just thought that we’d be able to have more in common once they see the effect of their money growing. I’ve been friends with some of them for 10 years so I know they’re really caring and supportive. + +Edit: ahh thanks for all the responses. I’m overwhelmed lol also, I don’t discuss the exact money part with my friends. They just know that I have a house and that I’m renting it out (I had told them this initially not knowing their reaction). I think the most recent situation was that my house had a massive leak and I was pretty stressed, missed a couple of hangouts and I felt like I couldn’t tell them the real reason I couldn’t make it without feeling weird about it - I had to make up some other excuse. Also, I’m a girl for those who keep calling me “dude” in PMs lol +Ya'll know what I'm talking about. Here are the too common examples. + +Price begins reversing the minute you enter a trade + +You've been watching the chart for an hour or two and finally step away for something for a minute or two and come back and now price has suddenly decided to move drastically and this is (most likely) not in your direction + +You've held a trade for hours maybe even overnight and it's done virtually nothing. You close it and then BOOM. The fxcker moves 1000 pips. + +You've entered a trade without a stop. Price moves decently in your favor. You enter a stop. Price goes HEY!! Stops everything it was doing and finds its way directly to your stop. + +You've entered a trade with only a stop with an intention to trail the stop or simply see what happens. The trade ran in profit the whole time you weren't looking. You return to the trade to find it is now about to hit your stop. + +"Wow I could've held this trade the whole time" + +Price seems to have gone directly to your stop loss and only a pip or 2 further before taking off in your direction. + +You were right about the direction of the market but managed to get chopped out the trade several times. + +You've entered a trade and it begins to go against you and then returns to right around your entry and hovers around it before ultimately going against you. +It's no secret that this sub would be obviously infiltrated by bots or people trying to spread certain FUD. Now I love GME more than my family, but I have to say I think dismissing the possibility of basket swaps and how this ties into GME especially with Ryan Cohen referencing it so goddamn much. Isn't it a little stupid to not at least dig a bit? I'm not saying lock the float or buy it, research first. I don't care what the SEC says, we research here apes. In the meantime DRS HODL (none of this is financial advice.) + + +Edit: see what I mean? Massive downvotes and negative sentiment. Most being that this is a GME sub. So let me spell it out for you guys. Ryan Cohen = GME chairman. Chairman tweets get posted here. Chairman tweets BBBY multiple times. Also bought loads of BBBY. But we're not supposed to look into it or talk about it? At least admit the huge pushback with BBBY is fucking sus. Reminds me back when DRS was downvoted and hated on for a while. Not saying anything is here, just let's look and be sure because Wrinkles are needed here. + + +Edit 2: I want to urge anyone reading this again to please look at this post and read the comments. Something is not right. I know it sounds crazy but this isn't normal and is inorganic. I don't ever remember a simple discussion being so "divisive" especially when RC is heavily involved with it. At least not in a long time or since DRS was backlashed. I've been commenting vigorously to show their arguments against a little more digging are shallow at best. Stay vigilant / stand your ground / think for yourself. DRS HODL. I'm with you. I just want to go to Uranus and our DD isn't done. Last I checked I'm not a millionaire and we haven't won yet. To think we have all the pieces to this puzzle is honestly asinine. +KMD is now at 1.15 (15% higher than where I sold) + +Z1P is now at 5.5 (12% lower than where I bought) + +I am the crown autist + +Update: I have doubled down on Z1P at 5.5 because I want to stretch my degeneracy further +https://www.cnbc.com/2019/07/31/fed-cuts-rates-by-a-quarter-point.html + +Changes in the Fed statement: https://www.cnbc.com/2019/07/31/july-federal-reserve-meeting-what-changed-in-the-new-fed-statement.html +I just wanted to share here because I feel like i can’t share this anywhere else without being told “Forex is gambling” etc etc. + +I have been trading for only about 3 months. (End of September). Luckily my introduction into Forex was by meeting 3 guys that have been trading since they were teenagers and now all trade full time. They have sped up my learning curve immensely. + +My first month I lost about $70, the second month I made about $30. But after really learning some key things and growing my confidence to risk 3% per trade instead of just $25 or so like I was before I made $2134 this month. + +Im honestly just happy for myself and wanted to share here. + +Cheers! And enjoy the weekend! + + +Edit:added some of the trades that I took this Pat week in the comments. +Ive tried every strategy out there and backtested thousands of times. but once I go live my account just slowly dwindles down till it is completely blown. I genuinely don't believe its possible to be consistently profitable for LONG periods of time trading forex. The longest Ive gone is a week. + +it disappoints me that Ive spent so much time on this and cannot stay consistently profitable which defeats the purpose of trading as a whole when your account will eventually blow up. I want this shtt to work so bad but it seems the odds are against you no matter what you try. + +makes more money to sell scam courses than it does to trade +Until 10 minutes ago I was broke. My bank account barely had $5 in it and my crypto portfolio was barely worth $20. But not anymore. Today I finally became a millionaire. Here's how I did it. + +First, I got 0.1 ONE (around $0.01) from CryptoRoyale and sent it to my Metamask wallet. + +I then went to TokenJenny and created my own coin. I chose a total supply of 1,000,001 + +I paid a fee of 0.0038 ONE to mint it. And now it was in my wallet. + +https://preview.redd.it/7zbujfyqbwq71.png?width=854&format=png&auto=webp&s=8f3821d56f784d91f2c6302872d424def50490e2 + +As you can see I now have 1,000,001 RICH tokens. But at moment they are worth nothing. But not for long. + +&#x200B; + +I went to Viperswap and swapped 0.0062 ONE for 0.001 USDC + +https://preview.redd.it/4fhtoslxcwq71.png?width=1077&format=png&auto=webp&s=7db2abb2365e56918010f49cc7dda25f15ba532e + +I then created a trading pair for my coin on Viperswap. + +I added 0.001 USDC and 0.001 of my coin to the liquidity pool and approved it. + +https://preview.redd.it/39qga5i9fwq71.png?width=1248&format=png&auto=webp&s=40c93cd1853c74fa2871932e6d19decff6b5204e + +As you can all clearly see, 1 RICH = 1 USDC now. Which means I'm now officially a millionaire since I still own 1,000,000.999 RICH tokens. + +See yall at the lambo dealership. + +&#x200B; + +https://i.redd.it/517cdszyfwq71.gif +As the title suggests, I wrote a script that shows the most discussed penny stocks on r/pennystocks and other penny stock subreddits and tracks their DDs/Catalysts posted here. + +I made a post yesterday in the RHPennyStocks subreddit and it was very well received and I got a lot of positive response so I decided to keep working on it. I am still trying to improve it so all the feedback/suggestion is appreciated. + +### Most Discussed Penny Stocks in last 48 Hours +| Ticker | Mentions | Name | Price - 2/5 | 5d Low | 5d High | 1d Change (%) | 5d Change (%) | 1mo Change (%) | Industry | DD | Catalyst | +|:---------|-----------:|:--------------------------------------|--------------:|---------:|----------:|----------------:|----------------:|-----------------:|:---------------------------------------|:------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:--------------------------------------------------------| +| TSNP | 11 | Tesoro Enterprises, Inc. | 1.38 | 0.3599 | 1.69 | 23.21 | 275 | 712.24 | Furnishings, Fixtures & Appliances | [$TSNP is going through the roof. Super innovative company making game changing plays in Block Chain, Financials, and Payment in third world countries.](https://reddit.com/lddjwe) | None | +| OCGN | 11 | Ocugen, Inc. | 5.25 | 1.72 | 5.9 | 53.51 | 187.04 | 101.92 | Biotechnology | [Incase you didn’t know why OCGN mooned today⬆️](https://reddit.com/ldo02s) | None | +| ZOM | 7 | Zomedica Corp. | 1.91 | 0.95 | 2.01 | 12.35 | 97.52 | 365.85 | Drug Manufacturers—Specialty & Generic | None | None | +| ATOS | 7 | Atossa Therapeutics, Inc. | 3.89 | 2.15 | 4.9 | -2.99 | 64.14 | 332.22 | Biotechnology | [For anyone wondering what's going on with ATOS](https://reddit.com/ld97ls) | None | +| INND | 6 | InnerScope Hearing Technologies, Inc. | 0.02675 | 0.0048 | 0.0285 | 7.43 | 345.83 | 13275 | Medical Instruments & Supplies | None | None | +| AEZS | 6 | Aeterna Zentaris Inc. | 1.11 | 0.66 | 1.19 | 1.83 | 60.87 | 122 | Biotechnology | None | None | +| SSFT | 6 | Sonasoft Corp. | 0.2 | 0.14 | 0.225 | 22.7 | 33.33 | 263.64 | Information Technology Services | None | None | +| PVDG | 4 | Poverty Dignified, Inc. | 0.0444 | 0.01505 | 0.046 | 41.4 | 177.5 | 404.55 | Utilities—Renewable | [PVDG Short Squeeze Imminent](https://reddit.com/le1lsb) | None | +| MLFB | 4 | Major League Football, Inc. | 0.055 | 0.0345 | 0.058 | 38.19 | 44.74 | 1517.65 | Leisure | [$MLFB DD updated](https://reddit.com/ldgm1o) | None | +| RIGL | 4 | Rigel Pharmaceuticals, Inc. | 4.66 | 3.7 | 4.89 | 5.43 | 24.27 | 35.86 | Biotechnology | [$RIGL (Rigel Pharmaceuticals) Analyst Forecast & DD](https://reddit.com/ld9msw) | None | +| ALPP | 4 | Alpine 4 Technologies, Ltd. | 7.3 | 3.65 | 7.46 | 25.21 | 94.67 | 173.41 | Electronic Components | None | None | +| SENS | 4 | Senseonics Holdings, Inc. | 3.03 | 2.38 | 3.27 | 8.6 | 18.82 | 207.61 | Diagnostics & Research | None | [$SENS might MOON next week](https://reddit.com/ldzemw) | + +### Why did I do this? +I have started making a lot of good gains from penny stock subreddits but I do not get enough time to go through every post, So I made a hacky script to do that for me. After receiving an overwhelmingly positive response I decided to put some time and effort into improving it. + +I have a lot of things planned like Stock vs Mention time analysis, Sentimental Analysis, Bull/Bear Analysis, etc. If you have more suggestions please let me know however improvement is really contingent on the time I get after work and college. Currently, I am only working on it few hours on weekends which is the reason why I made it open-source so few of you guys can contribute. + +A lot of people told me to post it Daily/Weekly, So currently I am also planning to work on a web-app that can do this in real-time but that requires more time and effort, + +### Source Code +You can find it on my [Github](https://github.com/iam-abbas/Reddit-Stock-Trends). + +P.S: To all tech guys, I know the Reddit API secret slipped through but not to worry it's a throwaway account. +Hey everyone, I'm working in tech in Berlin. I save about 2k€ every month. I also have a 1yo kid and my partner does not work. A big chunk of my income goes to taxes, but I do get back my money's worth with the childcare and parental subsidies here. + +I don't particularly like living in Berlin for reasons, but it is also a pretty affordable city. Despite the high taxes, Berlin / Germany seems like the best place to work towards FI while having a family with all the family subsidies. + +Salaries might be higher in other places, but rent and childcare is also significantly higher. Especially as a single income family, it seems like one won't have higher savings at the end of the month to invest. If I were single, Netherlands or Switzerland would have been better options. I'm non-EU, so my understanding of Europe is likely flawed. + +What do others think? Is there a better place to growth wealth while raising a family? +Came across this interesting article wanted to share. + +https://www.biznews.com/thought-leaders/2020/12/16/retire-at-55-and-live-to-80-work-till-youre-65-and-die-at-67-startling-new-data-shows-how-work-pounds-older-bodies + +Edit: fixed link. +Hi there, I’m currently a Sophomore in college. I go to school 3 days a week and work 3 to 4 days a week. I’m a server at a high end restaurants that allow me to make a low of $300 and high of $500 a night (there had been <$200 night and $500+ nights but lets just say $300 average). Based on my calculation working 6 days a week for one year would net me a low of $80k. Subtract my expense and I would be able to save a little more than $60k a year. If I do this for five years, I would be able to have more than $300k in my dividends account at the age of 24. + +Do y’all think this is a realistic approach? + +Side notes: I do not have to pay for college and currently have a little more than $5k spread across various stocks and etf but my biggest holds are O,Msft,Xom,Jnj. + +Math: $300(6 days a week) =$1800 a week +1800(2 weeks) =$3600 every two weeks