diff --git "a/reddit_finance_43_250k_121.txt" "b/reddit_finance_43_250k_121.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_121.txt" @@ -0,0 +1,10000 @@ +**Disconnecting the Fed’s liquidity hose results in immediate withdrawal, and must be put back quickly if the Fed wants to avoid a full blown deleveraging event (deflationary spiral). The prisoners demand ever increasing liquidity, more and more QE, and tapers (pull backs in money printing) become ever shorter and fewer.** + +**The inmates are running the asylum.** + +&#x200B; + +https://preview.redd.it/xnol7m5s49u71.jpg?width=1200&format=pjpg&auto=webp&s=69008c6102770900fecc8408fe3b41a07d172157 + +Bernanke assured everyone during the Financial Crisis that Quantitative Easing “would be temporary, and the tapers would be permanent”. **It appears the opposite is true- QE is permanent, and the tapers are temporary. They can only taper for a little while until something else blows up and they are forced to start printing again.** + +**Much like a black hole, in many ways we cannot directly observe the phenomenon, but we can see it’s effects on what surrounds it. The Financial Gravity the Fed has created by incentivizing ever more borrowing has caused more and more distortions in financial markets, pumping junk bonds to absurdly high levels and creating shortages in others (Treasuries, like the Reverse Repo Facility-** [**See my DD here**](https://www.reddit.com/r/Superstonk/comments/oxsde3/major_signals_are_flashing_code_red_in_the_shadow/)**)** + +**The weight of the debt is pulling the economy and markets down, but with constant money printing the Fed hopes to stave off disaster. Much like a Black Hole however, the process is exponential, and the longer the Fed keeps interest rates at the zero bound, the harder it will be to escape and the more money they’ll have to print to get out.** + +**For those of us who follow economics/monetary policy, this exact scenario played out in 2018- the Fed stopped QE, and started tightening/tapering, aka reducing it's balance sheet. (l**[**ook up Fed Balance sheet on FRED**](https://fred.stlouisfed.org/series/WALCL)**). The markets, a month later, started nosediving. I was actually on Wall St at the time coincidentally (doing interviews, and touring the banks for job offers- never worked there).** + +I talked to a lot of analysts, they all said that this turbulence was bad, with no more Fed support (QE) the markets were due for a correction, etc. but they also confidently said that the Fed would change its mind and start QE again once things got bad enough. The taper, they said, would not last forever. The markets would make the Fed blink. Sure enough, they were right. + +&#x200B; + +https://preview.redd.it/9dd2kldu49u71.png?width=1068&format=png&auto=webp&s=349e4b6d752de43e0e5b048e6c71667ddea50c7e + +From August to mid December, major equity indexes dropped 20%, putting them in a technical bear market. I was there in late October, and pretty much every day saw heavy selling. December got even worse, and as the selling continued, worry began to spread across financial markets. + +Powell stuck to his guns and insisted the balance sheet reduction would continue barring another financial crisis. [Here’s a quote from an article on December 19th, 2018.](https://www.yahoo.com/now/powell-said-seems-troubling-markets-181403220.html) + +“Minutes into his press conference on December 19, Powell was asked if the Fed is looking into altering its strategy of undoing quantitative easing by allowing its massive holdings of Treasuries and mortgage-backed securities to mature off the balance sheet. + +“I think that the runoff (reduction) of the balance sheet has been smooth and has served its purpose and I don’t see us changing that,” Powell said, adding that interest rates would continue to be the “active tool of monetary policy.” When Janet Yellen kicked off the unwind process at the end of 2017, the Fed outlined its intention to let the roll-off occur on “auto-pilot” with no promise of reverting back to quantitative easing — unless there were a [“sufficient”](https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20170920.pdf) negative shock to the economy.” + +Dec 24th, 2018 saw a big drop in the markets, a 400 point loss in the Dow, marking the third Friday in a row of red days in the markets. ([See article below](https://www.cnbc.com/2018/12/24/by-the-numbers-sp-500-falls-into-bear-market.html)). + +Again, this entire bear market occurred without an external economic shock or a default by a major US bank- it was purely driven by the fear that the Fed would not restart QE and the Taper would continue. + +&#x200B; + +https://preview.redd.it/pm83o3dy49u71.png?width=1812&format=png&auto=webp&s=2b76a990b2f52d890fa19e2e0b1bd86736ac70aa + +Not even two weeks later, everything changed. The Fed Chairman, Jerome Powell, came out and recanted his earlier statement of a tapering program “on autopilot”. He said they'd stop tapering soon, and may even begin QE again after they'd "re examined the situation". Markets rebounded, and after QE began again, they started rallying hard. ([CNBC Jan 14th, 2019](https://www.cnbc.com/2019/01/04/fed-chief-powell-just-walked-back-his-autopilot-remark-and-the-financial-markets-love-it.html)) + +&#x200B; + +https://preview.redd.it/cbpp2q5059u71.png?width=970&format=png&auto=webp&s=d7d3f67cbb440939498faf80caa897f8007fed9a + +(Yes, I know the Fed did not immediately restart QE in Jan 2019, but they signaled an end to the taper program and that they would be "open to restarting QE if the conditions warrant it". This was enough to soothe markets into rallying back to ATHs. They began QE again in September 2019) + +Many market observers did not understand the implications of what just happened. What many others grasped, and what I was beginning to suspect, was that this series of events was a major signpost that something was seriously wrong in equity markets. + +**The markets were completely dependent on Fed liquidity, and the Fed had blown a bubble in literally every single asset class in the financial markets- this bubble was able to be maintained only through constant (and growing) QE, and any taper of these injections resulted in immediate collapse of the bubble.** + +**December 2018 demonstrated that the removal of that liquidity injection (heroin) that the markets were addicted to resulted in rapid downward re-pricing of financial assets. The “wealth effect” the Fed had created was nothing more than an illusion.** + +Something had changed since 2008. Although the NBER (National Bureau of Economic Research) claimed that we had only experienced a recession, if we use their original terminology we actually had been through a depression. Depressions were originally defined as prolonged periods of economic underperformance, which by all indications we were experiencing. GDP nominally was rising, but much of that could be attributed to increased government spending (component of GDP) and inflation (raw GDP is not adjusted for inflation). + +**NBER estimates we underperformed GDP potential by around $8.2 Trillion in real growth since ‘08, which would have mostly gone to middle and working class workers in the form of wages. (see** [**here**](https://groundworkcollaborative.org/wp-content/uploads/2021/04/GroundworkCollab_RoomToRoom_r4.pdf) **and** [**here**](https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5959048/)**).** + +**Although there were no more bank failures after the fall of ‘08, unemployment spread throughout the economy, growth slowed to a standstill, and many left the workforce altogether. As we covered in Part 3, if we divide the performance of the S&P 500 by the Fed’s Balance Sheet since the GFC, the LINE IS FLAT. This means that there has been basically NO REAL growth in stock prices since 2008- with the only rise in prices due to money printing.** + +&#x200B; + +https://preview.redd.it/al4eze0259u71.png?width=2480&format=png&auto=webp&s=7fd9dccdaf8b522f171d49e2359c5098fda01d85 + +**The correlation coefficient between central bank quantitative easing and the price of stock indexes is nearly 1. The money printed by the Fed, because of the structure of the Open Market Operations, is plugged directly into the Treasury markets, and from there, flows into equities and derivatives. This has served to primarily enrich the asset owners, financial institutions, and wealthy elites who own the majority of the stock market anyways.** + +**The entire rally has been an illusion, financed by the Fed and maintained through QE. In the black expanse of space, many things are not what they seem.** + +&#x200B; + +&#x200B; + +# Smoothbrain Overview + +* **In 1907, a major banking crisis broke out across the United States when overleveraged investment trusts saw their clients default on margin loans. This spurred a general bank run.** +* **Hoping to prevent future panics, Congress created the Federal Reserve, the Lender of Last Resort to all US Commercial Banks (later they would lend to Hedge Funds like LTCM, Investment Banks, and even Insurance Companies)** +* **With each subsequent economic crisis, the role and power of the Fed has grown. Now it commands monetary policy for the World Reserve Currency (USD) and can thus indirectly influence every major global asset market.** +* **The Fed has resolved to reply to every recession with a drop in interest rates to spur credit growth. What this does unfortunately is build up massive amounts of debt over time.** +* **By doing so, they have created a Black Hole for themselves which they are desperately trying to escape (this is why they are set on tapering)** +* **Each dollar of debt that is created puts more strain on the system, as interest rates need to be ever lower to prevent widespread default. Thus the Fed has to move interest rates lower and lower, which incentivizes more debt.** +* **Tapering the balance sheet will quickly result in massive corrections in asset markets as we saw in the fall of 2018. If they chose this route, I expect they will have to reverse course in under a year.** +* **This feedback loop has resulted in interest rates pushing the zero-bound, and will soon be (if not already) in negative territory. To inflate away the debt, the Fed will have to push them even farther down (in real terms)** +* **This results in the ultimate dilemma- to save currencies or save bonds. Ultimately, the Fed will soon have to decide which choice to make.** + +&#x200B; + +&#x200B; + +# Conclusion + +The Fed is now trapped in a Black Hole of it’s own design. Continually crushed by the weight of the financial debt, the economy and markets themselves keep contracting inwards towards collapse. 2008 was a foreshadowing of what was to come- and in 2018, the system was beginning to unravel again. The Fed, desperate to prevent this, persists in heaping more and more liquidity and debt onto the system, desperately praying that there will be a way out. + +&#x200B; + +https://preview.redd.it/2zq67jz459u71.jpg?width=3000&format=pjpg&auto=webp&s=05b758df1f70aa3e15d68c5bc4875cad63c4cb24 + +**Each crisis requires exponentially more stimulus to be used to fight it- $100 Billion for the Tech Bubble. $2.2 Trillion for 2008. $4.1 Trillion (and climbing) for March 2020. The Fed is running out of time.** + +**They will almost undoubtedly try to Taper to escape. Even if they try this, it will fail in time, causing a rapid collapse in asset prices. When it does, they will have to turn back the liquidity hose even more than before, as they try to escape the event horizon, “the point of no return” where not even light itself can run fast enough to flee the massive gravitational pull of the black hole.** + +**What they do not grasp yet is that they have already crossed the event horizon. Only hard choices lie ahead - the only thing on their mind will be avoiding another Great Depression, but to do this they will have to print trillions more.** + +**This will only accelerate worsening inflation, and unleash devastating feedback loops that lurk under the surface of our economy. Many a State has wrecked itself on these shores, but sadly few heed the warnings. As stated in the prologue,** ***“On cold nights when the moon is full you can watch these ghost ships (economies) making their journey back to hell... they appear to warn us that our resolution to avoid one fate, may damn us to the other.”*** + +&#x200B; + +&#x200B; + +&#x200B; + +# + +# BUY, HODL, BUCKLE UP. + +# >>>>>>>TO BE CONTINUED >>>>>>> PART FOUR “AT WORLD’S END” + +**(Adding this to clear up FUD- My argument is for hyperinflation to begin in a few years- this is a years- long PROCESS, and will take a long time to play out. It won't happen tomorrow, but we are in the same situation as Germany after WW1. BUY AND HOLD)** + +*Nothing on this Post constitutes investment advice, performance data or any recommendation that any security, portfolio of securities, investment product, transaction or investment strategy is suitable for any specific person. From reading my Post I cannot assess anything about your personal circumstances, your finances, or your goals and objectives, all of which are unique to you, so any opinions or information contained on this Post are just that – an opinion or information. Please consult a financial professional if you seek advice.* + +\*If you would like to learn more, check out my recommended reading list [here](https://docs.google.com/document/d/1nSw9odLoExaq0oEBqIHrCK1Xj5KfyjBkGQZ93LTh34g/edit?usp=sharing). This is a dummy google account, so feel free to share with friends- none of my personal information is attached. You can also check out a Google docs version of my[ Endgame Series here](https://docs.google.com/document/d/1552Gu7F2cJV5Bgw93ZGgCONXeenPdjKBbhbUs6shg6s/edit?usp=sharing). + +**You can follow me on Twitter at peruvian\_bull. All other accounts are impersonators/scam accounts** +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! + +Follow-up from an earlier post here asking for recommendation for [Luxury Cruising](https://www.reddit.com/r/fatFIRE/comments/ogaxcb/luxury_cruise_line_recommendations) options. + +I took the advice of several posters. My wife and I just returned on a 7 night eastern Caribbean cruise on **Celebrity Edge**. I would say Celebrity was a premium cruise. My wife and I were all in for < $7K with a suite. Drinks, internet and tips were included as well as $600 shipboard credit so that ended up as a pretty "all-inclusive" price. + +_Experience_: Ship was very nice with a fresh, modern design. Exquisitely clean with staff that never ever failed to greet you. Low end suite room was spacious and bathroom was above expectations. Food was amazing and shows were good - better than expected. Plenty of onboard activities. Passengers were generally 50 and up with few kids. Private "retreat" area for suite guests was nice but not really necessary because of low numbers of guests sailing due to covid. 9 of 10. + +_Covid_: Everyone was vaccinated and had a covid test 3 days before sailing. Crew was always masked. Felt safer on the ship than at home. Ship was only 35% full. The only significant covid change on the ship was buffet had staff to serve you food. + +_Ports_: Most of the ports were experiencing covid outbreaks as bad or worse than here. Masks were required at all ports. Because of low volume of cruise ship traffic, there were fewer excursions and fewer shops open. Disappointing in this respect. + +**EDIT**: As someone pointed out below. Celebrity isn't typically classified as a _luxury_ cruise but rather as perhaps a _premium_ cruise. Just clarifying. +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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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* +Excluding costs from broker & execution (slippages, spreads, carry, transaction fees, Custody, etc.); approximately, how much do you pay per annum? + +Costs can include: + +* VPS or any Cloud host +* Data Subscription +* Trading Platform (some are free, some require subscription) +* Research platforms (maybe you are using some proprietary software to do machine learning work) +* Business Intelligence Platform for Internal Reports and Monitoring +* Electricity +* Tax +* Accounting/Auditing +* Legal +* Other + +What are the other costs you think that I have not listed? + +Do you think your annual returns can cover these costs? + +I dont want to discourage beggining traders or algo traders, but you have to think of trading as a serious business. Otherwise costs could eat up your returns. If you cant manage these, then youre better off with Smart Beta Portfolio than a Portfolio of Algo Systems. +I'm not a superstitious person, but I know this is going to come across like that. Here it is: + +When I day trade, I can't seem to see the direction despite all the indicators and months and months of studying i've done. I go long: price plummets. I go short: price sky-rockets. + +When I'm at Costco, I pick the lane that looks the quickest, but it's the longest. The guy that was standing behind me checks out 5 minutes faster than me in the other lane that I didn't choose. + +And it's a regular thing for me, not random. I am doomed to pick the slowest checkout line, every single time. + +It's all in my head, right? Why does this happen? What do I need to change? Or am I just crazy and it's not correlated. +The good new folks is we have never left a bull market; long-term trend at least! The last couple days became very interesting when watching the 1-Day Chart because we had been smoothly coasting in an ascending channel since the bull run initiated ~$6.00, but teetered close to dropping out as we testing the support line. + +Two critical conditions met at the **exact same time** in which the market rebounded to confirm continuation of a long-term bull market. + +* The price bounced off the Ascending Channel Support Line + +* The price bounced off the 50% Fibonacci Retracement Line + +Also, to help confirm a reversal of our retracement are a pair of Tweezer Bottom Dojis that may help determine the end of a downtrend. + +We are now healthily back within our long-term ascending channel and running a Fibonacci Extension using ATH and the bottom of the retracement sets a current price target of $539.83. + +As always, hold on to your butts; lambos; moon; etc. + +https://www.tradingview.com/x/v9mf6KLV/ + +36 y.o ... former 20 year old punk here. Spent my youth rejecting society and not caring too much about money. I don't really regret that, it was fun, but about 5 years ago I realized I was mortal and don't want to work until I'm dead. + +I currently have 15k in RRSP. 5k in TFSA (compounding GIC ... this is 4 months emergency expenses, not investment). I can put away about 5-6k a year for saving/investing. The wife and I had a 5 year plan started a couple years ago to ave 30k between the two of us for a downpayment on a house but not sure that's the way to go at this time or ever (not paying 500k mortgage on a 170k property). I might, instead, take that 15 k and go back to school (college) without a big debt. + +When it comes to investing, I understand the basics but any advice would be welcome, especially any books/learning resources that have helped you. + +Thank you +I’m only 22 years old and have the body and mind of someone twice my age because I do not have reliable access to a dentist, dermatologist, doctor, therapist, or any other form of health resource. Thus, I have several cavities I cannot afford to fill, and numerous other untreated issues. I was born into poverty, my parent makes just above minimum wage full-time, and I barely get enough to eat each month. I’ve been underweight my entire life (130 lbs). I’ve tried and tried and tried to eat well but just can’t afford healthy food. I don’t qualify for food stamps, and spend literally every waking moment of my life on schoolwork (currently in university). I’m a pretty decent student academically but am unwilling to deprive myself of having a life in order to get perfect grades. I don’t have time to have a social life, and frequently am depressed since I never really got to have one growing up due to my family’s financial problems. I don’t know if I’ll ever escape this hell and live a somewhat meaningful existence. Every year is the same. + +And yet I have friends from high school my age with wealthy parents who have been living the dream. They’re so successful. They can afford vacations, nice clothes, the latest technology, fun social gatherings. They have their own homes, cars, pets. They look great, are able to have a healthy balance of work and play, and live such a life of privilege and unimaginable excess that I will never even remotely have the chance to experience. Through family connections, they get good jobs, and then post endlessly showing off every aspect of their *perfect* life on social media, acting as if they’ve truly earned any of it. In their eyes, they’ve “won” the game of life. + +We do not live in a meritocracy. There is no social mobility anymore. This kind of inequality is insane and is going to result in massive civil unrest before long. Millions upon millions of people struggle DAILY to meet their basic needs, while the richest indulge in wasteful hedonism. Rich kids are set for life, have massively unfair advantages, and are told from the cradle they’re superior. Poor kids have every barrier imaginable to overcome, and will probably never fully escape the socioeconomic conditions of their birth. Our educational system is also rigged in every way against the poor. Those with money will always view us as inferior. Every single fucking aspect of life in the U.S is made 10000000x more difficult and stressful if you do not come from a financially well off family. +I just went under contract for a home (PPOR) and I have really been over thinking the past 2 days, especially wondering if I over paid and if I just waited a little longer just incase prices do fall. I've heard it's all normal to have these feelings, but especially tough in the climate we are in with a booming property market and the potential for a huge decline. + +I bought in Brisbane BTW +I'm 28 and have only been investing for about 2 years (other than work matched RRSP @ 4%) so im a bit late to the game. First year was not the greatest and second year I put a bigger lump sum in just to be hit by the pandemic. I'm currently up about 37% today. I'm in a mix of growth and dividend stocks - all of them Canadian. I'll list them below, but I want to know... what Canadian stocks that you hold are very unknown yet have been performing great? I want to hear more about companies that are hidden out there with a tonne of potential! + +My best performing stock I hold is PYR (pyrogenesis canada) - I learned about it about a month ago and I'm up over 125% + +My other holdings include: GDNP, TA.TO, AQN.TO, NVEI.TO, DND.TO, WELL.TO, FOOD.TO, GRN.V, IAG.TO, ATE.TO, ENB, BEP, BAM, BIP, CPX, and EIF. + +Let me know what you think about my holdings and tell me about what you are holding. + +Cheers! + +Update: Been a nice day today! Now up to $34.3k! +It seems like everyone in here has a 100% equity portfolio, with many only being invested in the S&P 500--or worse, just a tech ETF. I suppose this is fine if you're a young investor, but this seems incredibly risky if you're older. + +Have people forgotten that stock market crashes are a thing? It took 25 years for the market to recover from the 1929 crash, and US stocks declined for a decade after the 2001 crash. Why is everyone so bullish lately? + +It's incredibly important for an investor to diversify into different markets and into fixed income, but it seems no one here wants to buy anything except the S&P 500, due to its recent performance. + +Am I the only one here that thinks that this will end badly in the near future? +I’m 30. My wife is 26. We both work right now with no kids but plan to have children in about 2 years and she will be a stay at home mom. Our combined income after taxes are taken out is about $103k per year. + +I just calculated that 4900 each month of that goes into bills and what we call “date night fund” and vacation fund that can act as a savings fund if needed. But this is used to help us save up for any fun things we want to do, be it traveling or just going out to dinner. + +We do own our own house so we’re also building equity in it. + +We’re saving $2000 a month. $1000 each month for Roth IRA to max it out. And $1000 solid cash. The cash is for emergencies and anything major we need the money for like car issues, house issues, etc. + +I also put 5% towards my 401k. My wife works in the public sector and gets a pension. + +So our total annual budget for savings, investing, and bills comes out to around $83k. + +Leaving us with $18k of just fun money to do whatever we want with it per year. We divide that equally leaving us with around $700-$750 a month for fun money per person. + +I know the fun money might sound like a lot but that’s truly what brings me joy. For so long I’ve only known saving saving saving. It’s something that actually motivates me to work hard since it’s the actual money I get to spend doing what I love to do. +I’m 22, software engineer making 130k a year. I have 100k in student debt (80k parent plus and 20k unsubsidized federal loans). I am living at home so I can repay this as fast as possible. I currently have my 401k set up at 8% of my income, was wondering if in your opinion it would be worth to stop paying into it for like a year and use as much money as possible on loans. +**TA;DR** Very little has changed since my update on December 21, which is odd considering the price has dropped another 33%. Institutional Ownership is at 24.8M. Out of the 24.8M, approximately 14.6M are "locked" up in ETFs (6.7M) and Mutual Funds, Index Funds and Pension Funds (8M). Available float appears to change hands every two weeks with no material change in ownership, just price reduction. + +This post is an update to: [https://www.reddit.com/r/Superstonk/comments/rlg6yu/update\_on\_float\_institutional\_ownership\_etfs\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/rlg6yu/update_on_float_institutional_ownership_etfs_and/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +[ Stagnant shares = insiders ](https://preview.redd.it/z6drvp9gghd81.png?width=1005&format=png&auto=webp&s=1c475ea66782febb35086eb50f7dc802fa2d954f) + +&#x200B; + +[ Not sure why Matt Furlong isn't in Bloomberg ](https://preview.redd.it/4ueohjklghd81.png?width=559&format=png&auto=webp&s=4ed51a75e17a2fc80c215503f428e1ed8916dfbb) + +&#x200B; + +[Current IO = .3892 X 63,738,478 = 24,807,015](https://preview.redd.it/hr1yd4irghd81.jpg?width=639&format=pjpg&auto=webp&s=fc87e17418572f2f97224375c8fad63ce31cad7f) + +Current IO of GME shares is 24,807,015. On my December 21 update, IO was at 24,877,128. This is only a decrease of 70,122. This is the smallest decrease in IO since I started tracking these numbers. + +&#x200B; + +[6.7M shares of GME in ETFs](https://preview.redd.it/p0sodswnhhd81.jpg?width=1218&format=pjpg&auto=webp&s=1c5a3bc0bbf46837e504e1e29454e429b1e5590a) + +There are currently 130 exchange traded funds (ETFs) that include a total of 6,690,476 shares of GME. I reported 128 ETFs with 6,723,120 shares on December 21. This is only a decrease of 32,644. + +&#x200B; + +[ 8M GME shares in 329 mutual funds, index funds and pension funds ](https://preview.redd.it/kf4qql73ihd81.jpg?width=1242&format=pjpg&auto=webp&s=1323604bb6035127a7e002babe3f01234e20a326) + +There are 329 mutual funds, index funds and pension funds that hold a total of 7,957,066 GME shares. I reported 330 funds with 8,061,540 shares on December 21. That is a decrease of 104,474 shares. + +As I mentioned in my previous posts, Institutional Ownership has decreased significantly from May 2021 when it was over 100%. In fact, IO was over 100% for more than ten years before it dropped precipitously in May. Institutional Ownership is now reported at 44.7% (34M) of outstanding shares or 38.92% (24.8M) of float. Venture capital firms like RC Ventures are considered IO, but are also considered insider shares or "stagnant" shares; hence, the difference of 9.2M. + +[ IO of GME \(&#37; of float\) for past 10 years ](https://preview.redd.it/b62scbzdjhd81.jpg?width=1914&format=pjpg&auto=webp&s=073e1df362f833caa8d613c5b3744c88d22080c9) + +[ IO of GME \(&#37; of float\) for past 6 months](https://preview.redd.it/g7unxi4hjhd81.jpg?width=1912&format=pjpg&auto=webp&s=7aea13e6eb2c5791bc20efafda2c113b263f84ab) + +Are institutions done selling off? Very little has changed in the last month. + +Computershared.Net reports outstanding shares, inside ownership, shares "locked" up in ETFs and Funds, as well as gives estimates for DRS. Technically, the float is outstanding shares minus restricted (or stagnant) shares, which is 63.7M. However, the number of shares in ETFs and Funds will need to be maintained to some extent going forward and we all anticipate the DRS numbers to increase. Accordingly, the available float appears to be around 25-30M. *Yes, I know, those cucks borrow and rehypothecate from ETFs.* + +Price and Volume since my last update: + +https://preview.redd.it/33qe54gsohd81.png?width=460&format=png&auto=webp&s=0e604a82c7f458dc68cf3c94ef353b26dd76fd59 + +Since my last update, Institutional Ownership has only decreased by 70,122 shares, including minor decreases in ETFs and other Funds. However, the price has declined by 33% ($158 to $106) and the available float has traded 2.2-2.7 times. I smell bullshit. + +&#x200B; + +**TA;DR** Very little has changed since my update on December 21, which is odd considering the price has dropped another 33%. Institutional Ownership is at 24.8M. Out of the 24.8M, approximately 14.6M are "locked" up in ETFs (6.7M) and Mutual Funds, Index Funds and Pension Funds (8M). Available float appears to change hands every two weeks with no material change in ownership, just price reduction. + +This post is an update to: [https://www.reddit.com/r/Superstonk/comments/rlg6yu/update\_on\_float\_institutional\_ownership\_etfs\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/rlg6yu/update_on_float_institutional_ownership_etfs_and/?utm_source=share&utm_medium=web2x&context=3) +One of the most common recurring questions on /r/personalfinance these days seems to involve a scenario where a close friend or family member, often a parent or sibling, wants the poster to cosign on some sort of financial commitment for which the acquaintance would not otherwise qualify, due to problems such as poor credit, insufficient/inconsistent income, or other unspecified issues. + +In many cases, the person pressuring the poster to cosign will offer an emotional argument which resonates with the poster, such as pointing out times in the past where they've helped the poster in one way or another. + +This post is an attempt to canonically summarize the community wisdom around this recurring topic. + +**Here goes:** + +If you cosign on any sort of financial obligation with another person, you're equal partners in that obligation. This means that you're on the hook for payment just as much as the person asking for your cosignature. There are (at least) two major implications of this fact: + +- If the person for whom you are cosigning finds themselves unable or unwilling to continue making timely payments, **you** will be pursued for the debt and held accountable as much as they will be. This means that unless you step up and take over making payments, debt collectors may be sent after you, the delinquency will likely be reported to your credit score, and you will, broadly, suffer the exact same consequences as if *you'd* defaulted on a loan that was solely in your own name. + +- Additionally, and *just as importantly*, even if all is well and timely payments are being made, the loan will show on your credit report as though it is yours (since it effectively *is*). This means that in the case of a major loan such as a mortgage, or even an auto loan, your ability to get a loan of your own in the future may be negatively impacted. If you cosign on a mortgage to, say, help a parent out of a bind, you may find yourself unable to secure your own financing when you're ready to buy a home of your own, as until the cosigned loan is paid off, you already have a mortgage. + +For these reasons and more, the community consensus is almost always that cosigning a loan is inadvisable and should be avoided. Do not cosign on any obligation that you aren't prepared to take full responsibility for if things go awry. If you're absolutely sure you could and would take on that responsibility without derailing your other financial goals, it **might** be okay to *consider* cosigning on, say, an auto or student loan -- but if you aren't ready for that responsibility, then run, don't walk, away. As for a mortgage, it is advised that you should never cosign on a mortgage with someone you are not married to, full stop. This means you are advised not to cosign on a mortgage for a sibling, parent, or friend -- ever. Marriage (in the United States and countries with similar legal systems around marriage) comes with legal parameters to help determine what happens in case two people separate while sharing a debt. If you aren't married, there's no protections, and any sort of falling out or separation is dramatically likely to result in a major, regrettable headache. + + +Furthermore, even if you feel that you are fully prepared for the possibility of being held responsible for payments, take time to deeply consider all other potential financial implications of the decision before taking on this commitment. When a bank refuses to provide specific financing to a person, that means that they've made a determination that it's a bad idea. If they've made determined that it's too risky for them to facilitate the financing, it's almost always safe to say that it's too risky for you to consider as well. + +No matter how hard someone works to convince you that you're in a position where you can do them a major favor, it's important to recognize that by cosigning on a debt that they are potentially not going to be able to repay, you would be setting them up for even more significant hardship down the road. Even if it seems difficult to refuse, in the vast majority of cases, choosing not to cosign is ultimately the better choice for *all* parties involved. + +--- + +I put this together and proofread it a couple of times, but if I missed any important details or misstated anything, please feel free to offer suggestions/corrections/formatting improvements. Thanks, folks! + +EDIT: Thanks for the huge response, as well as for the gold, y'all! I'm going to try to work through some of the responses and make refinements to the post based on the feedback. I appreciate all of the feedback as well as the robust discussions taking place in the comments! +I'm finally seeing green results after months and months of pain and agony with trading. Everything I did it seemed like the market was against me and I would end up losing money or breaking even long term. What took me to the next level are 3 things. + +\- Be extremely serious about risk management. Right now, before I enter I trade, I look where my stop loss would be. This has led me to only take trades with very good r / r ratios, like 1:3 or 1:4. Since I've started doing this, I slowly stopped breaking even and my account is now growing slowly day by day. + +\- People saying that you should master 1 or 2 strategies or patterns are spot on. I stopped chasing random pumps, wicks, and patterns when I realized I was just gambling by doing that, and I now only trade 2 type of patterns. I see great results trading triangles and breakouts. I have traded so many of them that now a lot of times I see very similar price action and I can spot fakeouts and know what is likely going to happen. + +\- Size the f\*ck down. I realized that by trading with amounts that I wasn't comfortable losing with my r / r ration (for example, risking $100 to make $300 -> $100 I'm not comfortable losing) I was making dumb mistakes and I wasn't analyzing the reasons why my trade did or did not work. Instead, my mind was on I NEED TO MAKE IT BACK ASAP. So I would take dumb trades to try to recover my loses. I started trading with much smaller amounts, and now I'm more comfortable by just placing a SL, a TP, and going away until something happened, instead of being glued to the monitor and watch the 1 second chart, get mentally tired and scared, and exited the trade because of overthinking and for it to then go straight to my profit target. + +Obviously, I am still very new and expect to get my ass rekt when the markets change and all of that, but that's only going to help me learn more and be smarter about future trades. Never thought trading would be so hard. I wouldn't recommend it to any of my friends. I have cried and yelled while trading. Sometimes I think it is impossible. That I will lose it all and start back from 0, like I did 3 times already. But hey, it's worth a try. Sorry for the long post lol. Hope it helps someone + +Edit: Thank you so much for the awards!!! That's my first time getting any and I'm glad my post was helpful to some people ! +Original post: [https://www.reddit.com/r/CanadianInvestor/comments/aznmqf/went\_allin\_last\_week\_leveraged\_wish\_me\_luck\_350k/](https://www.reddit.com/r/CanadianInvestor/comments/aznmqf/went_allin_last_week_leveraged_wish_me_luck_350k/) + +Update: + +On March 4, 2019, I boldly entered the market with leverage after getting shredded in weed stocks, to no fault but my own greed. + +My leverage in the new plan included: $100,000 on Margin, $65,000 in Unsecured Lines of Credit + +**TOTAL LEVERAGE: $165,000** + +The idea was simple: buy undervalued stocks that yield more in total than what you pay in interest. Enjoy dividend increases outpacing interest rate rises. Deduct the interest during tax season. + +Easy, right? + +## Mistake #1: Over-leveraging + +My plan was to make a one-time leveraged purchase (on March 4th 2019) and then let my stocks DRIP in the margin account, while taking cash payments in TFSA and Non-Registered accounts. I would save cash for one year and deploy at the next dip. + +And dips there were, sooner than expected. I purchased $50,000 worth of Canadian energy names in September of 2019. I also purchased $25,000 in CanWel Building Materials, which was at the time undervalued (and maybe still is). Each of these purchases went against my plan, but did very well in the short-term. In February 2020 I also bought more Suncor, Methanex and Nutrien — by all accounts undervalued at the time. + +By February 2020, my portfolio was up 16% (at time of screenshot, 13%)– Energy names up 20-30% (except Ensign)– CanWel up 25% + +&#x200B; + +https://preview.redd.it/d9rzriet6pn41.jpg?width=1556&format=pjpg&auto=webp&s=862959ef77e44c90a460d476ece025553541c458 + +&#x200B; + +https://preview.redd.it/xanuzkuu6pn41.jpg?width=1465&format=pjpg&auto=webp&s=7fda3f556b49279fb51584956a765ea347f6c0b4 + +## Mistake #2: Money on the table + +There’s a saying in the investment community: let your winners ride. + +Anyone who’s enjoyed some leisure (or serious) play at a casino knows this. +The stock market, like a craps table, presents you with a choice. + +Ride the hot hand? Increase your bet? Take some off the table and slow it down? + +There’s a second and even more important piece of advice:**ALWAYS TAKE MONEY OFF THE TABLE**. + +I didn’t. And so, on March 9 2020, the first morning of trading after Russia refused to cut production and Saudi Arabia decided to enter a price war, I sold (almost) everything. Here’s how the portfolio stands now: + +&#x200B; + +&#x200B; + +https://preview.redd.it/lutwnjzx6pn41.jpg?width=2293&format=pjpg&auto=webp&s=2321589a72a20eb9c1b1bda3e106cb0d42eea442 + +&#x200B; + +https://preview.redd.it/2d49hgwy6pn41.jpg?width=2349&format=pjpg&auto=webp&s=33c87d89c5194c9c2b13e9ad4bdffe21033c9770 + +&#x200B; + +https://preview.redd.it/mjq3hqrz6pn41.jpg?width=2342&format=pjpg&auto=webp&s=e8d428ae0c66233fef75e2a4f1d4866826f2cf03 + +There it is — down about $100,000. Currently sitting 120k cash, 30k equity (77k book cost). + +Some stocks sold at a gain, as you can see. Others at a deep loss, which would have been even deeper if I didn’t sell on the first wave of crashes (March 9th). I thought I put in a sell order for Suncor, Power Corp, Brookfield Property and Pembina. But alas, they’re still with me. Let’s see how these play out over the next five years. + +I have no debt left — but $80,000 in loans ready to be re-deployed. + +So, where do we go from here? + +## Rule #1: Leverage on the upswing + +With COVID-19 presenting a serious humanitarian challenge, let’s first acknowledge the impact it will have on individuals, families, small businesses; no one will be left unscathed, both in health and finance. The real estate markets are the only thing left to falter. + +With that said, crises like this brought an abrupt and sharp end to the bull run from 2008. **We are now in a position whereby you want to begin researching stocks to buy and hold for the next bull run.** That does NOT mean jumping all-in just yet. The effects of COVID will absolutely be felt a year from now, so there is no reason to extend yourself. Companies are likely to go bankrupt, people will lose their homes, unemployment will jump, house prices will likely fall. + +It’s painful to watch the market swing violently like a storm-battered cruise ship. You’re better off not even looking, and coming back in a few months. + +At that time, a few months from now, I will slowly begin entering positions in **large-cap** companies. These include households names like banks, utilities, and telecommunications. Slowly thereafter I will dip into smaller commodity-type stocks, industrials, etc. + +My days of leverage will return. + +Until then, stay safe and healthy. + +Good luck. +**DISCLAIMER: I am not paid by anyone, for anything, other than my day job which has been taking up ALL of my time lately. So before anyone calls me out, I am writing this post because I want to- not because I'm being paid. Superstonk will never be monetized. period.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +One of my biggest concerns is the involvement with our communities on CNBC, FOX and other MSM outlets. I've said this before and I'll say it again: I will never do an interview with those networks unless THEY come to us. When you're interviewing live on their platform, you're often unaware of what the "headline" is saying on your screen. You literally can't see what they're saying about you. Several people will take that "headline" as the "highlight" of the interview, when it's often taken out of context and misleading. Furthermore, they're able to edit and replay those "highlights" throughout the day after the guest has left. + +This LITERALLY happened to me and I wasn't even on the program. When the Mulligan brothers (whom I know personally and have been working with; they're great dudes u/albanak) went onto FOX Business, FOX played the trailer to their documentary before greeting them. In the trailer, I am on record saying *"there are more shares floating around than the company had originally issued".* This points to the true narrative we are trying to address- MARKET MANIPULATION. In fact, the majority of their trailer addresses this fact. The trailer then ends and the Mulligan brothers are greeted by Charles Payne. The narrative throughout the interview then shifts and focuses on how people are suffering from poverty and had almost NOTHING to do with naked short selling. Afterward, FOX posted the interview on their YouTube channel and edited the trailer out of the video. They only showed the parts of the trailer that fit their narrative. + +Here's the [first version](https://youtu.be/ATyHO2mMmfo?t=738) that I found on some dude's livestream. the link starts at 12:18 which marks the beginning of the trailer. + +Now, check out the [edited clip](https://www.youtube.com/watch?v=C73MBeMhfeE) from Fox Business that cut out THEIR story and focused entirely on the poor, poor, retail investor just trying to get by in life. + +Same thing happened to Trey Collins from Trey's Trades. I can't speak a bad word about Trey because he's been fighting for this cause since the very beginning. He also fell victim to the MSM's "headline" which suggested he was *enlisting an army of apes.* I guarantee you, Trey had NO idea this was being shown while he was talking. I immediately tried to clarify this in a [post](https://www.reddit.com/r/Superstonk/comments/o0jdeh/important_we_are_not_enlisting_anyone_saying_sht/) because that's the same type of sh\*t that will start circulating and end up as evidence of market manipulation. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +This is why I ONLY do livestreams that are controlled by APES: you can talk about the topics as they come to mind, without being confined to a narrative. With that being said, I decided to jump on AndrewMoMoney's channel earlier today (here's the [video](https://www.youtube.com/watch?v=h4VH7kVyc28)) but his internet kept cutting out, so I'll be going back on tomorrow @ market open to discuss more about the shifting narrative on MSM. Andrew is a friend of mine and we talk frequently offline. This is an issue he has also wanted to bring attention to and it's a very good opportunity for both of us to do so. + +In addition, I'll be throwing out some opinions on a few interesting posts that have come up in the r/Superstonk community, such as: + +1. RRP & potential connections with share lending +2. Issues with Reddit +3. Inflation +4. Availability of information to retail investors + +Now that the sub has reached almost 500k members (F\*CK yeah), it's important for us to rehash these concepts that are frequently forgotten. +We always hear in the news or even on reddit that people are unable to put together a deposit/ save which is usually one of the reasons why they are unable to buy a house. + +&#x200B; + +However, i would be curious to see how many people are in the same situation as me, who actually have a hefty deposit ready but their salary just isnt enough to make the repayments. I know this is pretty rare compared to the "usual situation", but i feel like this isnt talked about enough. + +&#x200B; + +&#x200B; +[AMA Details](https://i.imgur.com/kML8I1W.png) + +**[Verification on Twitter](https://twitter.com/pratikoswal88/status/1393569734092746757)** + +**[Discord Link](https://discord.gg/hqBNg4u)** + +This Sunday morning, grab a cup of hot beverage, and join us for chitchat on all things finance / investments / economics, with [Pratik Oswal](https://twitter.com/pratikoswal88?lang=en). + +Pratik studied math and economics at Emory University (USA), and has an MBA from London Business School. Presently, he leads passive funds business at Motilal Oswal AMC. + +You've already heard of Motilal's S&P500 Index fund, or MoNASDAQ 100 ETF / FoF. He's the one who's responsible for these products. + +We've already had two rounds of text-based AMA with Pratik on Discord this week, and here are some of the highlights / nuggets of wisdom (you need to be on our Discord to be able to access these links, [join here](https://discord.gg/hqBNg4u)): + +- Motilal Oswal AMC would be launching MSCI EM Index fund later thid month, or early next month. And they've plans to launch MSCI EAFE Index fund later this year. [Discussion link](https://discord.com/channels/546638391127572500/546638393895813120/841637142252748800) + +- Most Index funds, at their current AUM levels, are loss-making propositions for AMCs. Predominantly due to transaction costs for transacting in underlying securities. [Discussion link](https://discord.com/channels/546638391127572500/546638393895813120/841652939869257729) + +- Motilal Oswal top management has close to few thousand Cr. invested in their own schemes. In terms of _skin in the game_, Motilal Oswal ranks one of the highest among all AMCs. [Discussion link](https://discord.com/channels/546638391127572500/546638393895813120/841653441306558464). + +- Pratik's also in-charge of an AMC-backed new-gen free direct MF investing platform, [Glide Invest](https://www.glideinvest.com/). + + He spends about ~50% of his time at work, leading development of this product. [Link to discussion](https://discord.com/channels/546638391127572500/546638393895813120/841639627127652404). + +- Pratik invests one single equity fund, been investing in it for ~7 years now. Guess the name of the fund without [clicking / tapping on this link](https://discord.com/channels/546638391127572500/546638393895813120/842368100857937950). + +Pratik's _money value of time_ is to assign higher dollar value per unit time, for tasks that he might find more interesting doing. + +---- + +Please add your queries here, if you cannot be there in the audience for the AMA. We'll field these in front of Pratik tomorrow. + +Reach out to us if you're having difficulty in joining our [Discord](https://discord.gg/hqBNg4u). + +--- + +**NOTE**: Some of the numbers above were said in jest, during chit-chat, and have not been verified rigorously. Please take these with a pinch of salt. And if you notice any discrepancy, kindly reach out. +Source: [Economic Times](https://economictimes.indiatimes.com/markets/stocks/news/govt-asks-sbi-to-form-consortium-to-buy-stake-in-yes-bank/articleshow/74486944.cms) +Once all (or most) shares are directly registered, the DTCC will have no shares to settle trades, and all trades that are not settled (naked shorts) will fail to deliver, and must be closed by (potentially forced) buy-backs. + +Furthermore, no market makers can hide behind “a reasonable belief that they will be able to locate shares” (can’t remember the exact wording, but it’s essentially what they use to justify their naked shorting), and can no longer sell any shares short without first borrowing actual shares, which will be impossible when all market participants struggle to locate shares to settle trades that are already executed. + +Like any short squeeze in history, MOASS will be triggered as soon as short sellers **begin** to realize it is *inevitable* and *imminent*, and they start a panicked dash for the exit. They all know that the last one out is the biggest loser. And trust me, at these levels of shorting, EVERY. SINGLE. SHARE. leaving the DTCC will be felt, and short sellers, brokers and the DTCC are already starting to notice the trend. They are already shivering in their pants, and praying desperately to all imaginable gods that ComputerShare and DRS will not gain any more traction among the apes. It’s their doom. + +They have gotten away with so much fuckery for so long, but they can’t escape not having *any* real shares left. This would require fuckery so obvious and severe that they would face criminal charges. They would have to blatantly and openly ignore countless laws and regulations, to the extent where the SEC couldn’t just stand by and watch even if they wanted to. + +## Hedgies R fuk. + +## Buy, hold, register! + +##💎🙌🏼🚀🌙 + + +——— + +This post represents my personal opinion. Based on this, I sincerely believe DRS is our best bet, and **strongly urge every ape to register as many shares as possible.** (And [Gensler said I could do just that](https://www.marketwatch.com/story/sec-chair-gensler-defends-reddit-gamestop-investors-right-to-smash-short-sellers-11631718972)) + +——— + +Edit per request to include this explanation: + +ComputerShare has a “list” of shares and who owns them. Currently, most of them are owned by Cede & co. To transfer your share to CS, an entry must be changed in CS’ book, from Cede to you. And to do that, an actual share must be located and delivered, meaning that Cede must reduce their ownership count by one, and thus take that ownership from someone, your broker. + +Once people start to request transferring shares from brokers that have no actual shares left in Cede’s books (even though they should), the clearing house (DTC) must locate the share somewhere else, meaning they need to force delivery to the broker of any unsettled trade. This causes an immense pressure on DTC, market makers, prime brokers, anyone with obligations to deliver shares they don’t have. + +Once DTC deems it unlikely that a participant will be able to deliver shares that have failed to deliver, they will start force-closing the short positions of that participant corresponding to their unsettled trades (naked shorts). + +——— + +Edit 2: + +If you want to know more about how to transfer to ComputerShare to register your shares, check out [this post](https://www.reddit.com/r/Superstonk/comments/pmsq3u/transferring_shares_to_computershare_a_stepbystep/). + +——— + +Edit 3: + +For international apes, check out [this post](https://www.reddit.com/r/Superstonk/comments/pmu19h/international_apes_can_transfer_shares_to/). +Early this year, my daughter passed away suddenly. I don't think any financial situation would have prevented us from calling the $5k ambulance that in the end couldn't help, but having a healthy emergency fund was helpful over the following days; planning a funeral for your toddler is hard enough without having to worry about being able to pay for it and the incoming medical bills. + +&#x200B; + +Returning to work was difficult. I had been planning to begin aggressively searching for a new job, but knew I was no longer in a good mental place to be doing so. Commuting became psychologically stressful, as did any slow time in an office where sympathy dried up almost immediately after the initial donations card. I hated leaving my wife at home alone, and while remote work was entirely possible both with my employer and my job responsibilities, it was looked down on by my direct manager. In hindsight I should have burned all my PTO getting away from it for a bit, but I worried that that would simply leave me with no safety net from a job I hated more and more and in the end my biggest problem was unsolvable. If I had true "FU" money I'd likely have never gone back, and certainly wouldn't have stayed for long with how things went. I began receiving poor performance feedback, somewhat justified but also inconsistent. I think the decision was made long before I was actually fired but the song and dance had to happen first with constantly shifting goals that made it impossible to lock down much to defend myself with if I had even wanted to. Walking out for the last time ended up being freeing. Job-hunting isn't stress-free, but I'm less stressed now that we're living on our emergency fund and liquid assets than I was in that job. + +&#x200B; + +I hope none of you ever have to directly apply the lessons I've learned here, but in a more general sense, FI is about so much more than early retirement, though that used to be the main motivation for me. There are problems FI can't solve, but FI does give you space to focus on those problems without letting money be a distraction that prevents you from healing. Our FI situation could certainly be better, but we're stable enough that I can set those matters aside for a day and focus on my daughter's birthday or a random Tuesday that ends up being really hard. +&#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!! +Link: [https://www.livemint.com/mutual-fund/motilal-oswal-mutual-fund-stops-lumpsums-into-its-s-p-500-nasdaq-and-eafe-funds-11642091121484.html](https://www.livemint.com/mutual-fund/motilal-oswal-mutual-fund-stops-lumpsums-into-its-s-p-500-nasdaq-and-eafe-funds-11642091121484.html) + +Quoting from the above article: + +>Motilal Oswal Asset Management Co. has suspended lump sum investments and switch-in of money into its S&P 500 Index Fund, Nasdaq Fund of Funds (FoF), and Motilal Oswal EAFE Top 100 Select Index Fund. +> +>The asset management company (AMC) has taken action after it neared the market regulator’s overall $1 billion investment limit in foreign stocks. According to a person aware of the matter, the AMC is close to the Securities and Exchange Board of India (Sebi) limit but is left with some leeway. Hence existing and fresh Systematic Investment Plans (SIPs) have not been stopped. +> +>The stoppage will take effect on 17 January. The stoppage is likely to be temporary as the regulator will likely hike the limit soon, the person said, requesting anonymity. + +This is concerning me because I do a manual lumpsum investment every month and I do not want to change my way. How long does it take for regulatory to increase the limits? + +Have these types of events occurred in the past? How long did it take for regulatory approval? Is there any other way apart from automatic SIP? + +Thanks in advance. +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? +So, in a recent podcast Ben Shapiro said something along the lines of, African Americans are in a decent place in America due to the fact that they have the highest household income out of Africans of any other country in the world. So, I have a few questions. Is this true? And if so, does their household income indicate that they are doing well? And does this mean that they are better off here than in other countries? I tried to keep this unbiased, so hopefully it sounds okay. +I know beginner questions like this get asked all the time but hear me out: + +Imagine you: + +* Own a house +* Have an emergency fund +* Have no big debts to pay down +* Have £1500/month of disposable income + +Interest rates are so low that you're virtually earning nothing whilst 2% inflation eats your cash. + +Unless you're willing to go to the stock market saving all that cash doesn't make much sense (assuming you've an multi-year emergency fund and aren't needing to buy a bigger house etc). + +Am I missing something here? +****TL:DR: VPCBA, the Bombardier 6000 which has been present at 2 airports in France at the same time as Ken, belongs to a high profile French businessman who has in the past been charged by the FBI for fraud and junk bond schemes.**** + + +So I know there’s a lot of people who think the jet tracking is pointless and I see where you’re coming from, it doesn’t add to anything or change anything as the plan is still buy and HODL, we also don’t know if it is Kenny on the jet and all that but it’s just interesting and Keeps me and others occupied lol. A lot of apes like it and are also interested by the looks of it based on the attention my last post received so I’m going to post this as a follow up. + +I saw a post yesterday which caught my eye, it was something I was unable to find in my research, guess I wasn’t looking in the right places. + +By the looks of it, u/jetnoizes is highly interested in aviation. I mean, the username says it all really 🤣 their post, which I will link below specifies that the bombardier 6000 reg no VPCBA which was present at the airport in nice at the same time as Ken, and was also present at the airport in Paris at the same time, is owned by a Jean Francois henin. + +Please view this post before continuing + +https://www.reddit.com/r/GME/comments/pa0ifx/vpcba_ownership_information_i_need_some_wrinkle/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf + +So after I saw this, it led me down the rabbit hole, as I thought previously this jet was owned by another company called Casbah but that plane has now been de-registered. + +After doing some digging, my opinion is that this was no coincidence. Again, this is my opinion btw everybody before I get attacked in the comments lol, like I said, we don’t know who’s on Ken’s jet. This just seems extremely sus to me. + +Jean Francois henin is the founder of an oil company called Maurel &amp; Prom. On the 10th April 2017, he sold his stake in the company and has now moved on, but guess who opened short positions on Maurel &amp; Prom before and around this time? + +I mean, do I even have to say it at this point? I guess I will for the smooth brains and newcomers. Ken fucking Griffin. + +This WhaleWisdom short position filing proves it, you’ve just got to scroll down a tiny bit until you see Citadel advisors lol. + +https://whalewisdom.com/short_position/issuer/etxbe + +Now this gets even better, but before I go on, everything about this guy is in fucking French so it’s hard to find all the juicy info, I could be missing out on some vital parts. + +OH SHIT, also another thing before I continue, Jean Francois Henin is also the former chairman of credit Lyonnais. Can’t believe I forgot to mention that. Wikipedia page linked below for more context. + +https://en.wikipedia.org/wiki/Cr%C3%A9dit_Lyonnais + +And that isn’t all this guy has under his belt btw, look at his fucking resume + +https://www.gulfoilandgas.com/webpro1/prod1/person.asp?id=2636 + + +Taken from his personal Wikipedia page and translated to English: + +In May 1982, he was recruited by Alain Gomez as Treasurer of Thomson CSF (1982-90). He reorganized the group's treasury within Thomson CSF Finances, which he transformed into a true speculative bank. He foresaw the fall of the dollar in 1984 and the crash of October 1987, and earned his nickname of "Mozart of finance". + +By the sounds of it, this guy is pretty significant in the world of finance. I mean, they literally call him Mozart. + +This is where it gets really fucking spicy though. + +https://archives.fbi.gov/archives/news/pressrel/press-releases/credit-lyonnais-and-others-to-plead-guilty + +This guy got caught by the FBI for selling junk bonds disguised as good bonds through false statements. This is a classic Ken tactic and also one of the main reasons the 2008 crash was so big. + +Snippet taken from article: + +Jean‑Francois Henin was the managing director of Altus and became an advisor to Pinault and Artemis. He is charged with conspiracy to commit mail and wire fraud, mail fraud, wire fraud, conspiracy to defraud the United States and violate the Bank Holding Company Act, and criminal violation of the Bank Holding Company Act. + +The fines they paid were the largest settlement of a criminal case in US history. + +Now I’m not saying this guy is connected to Ken, but it’s ultra fucking sus that their planes were travelling together between airports in France and could possibly be the reason he is there all the time. + +Further updates will follow if I find groundbreaking connections as I’m now intrigued to dig deeper. + +#UPDATE: Part 2 brought to you by u/csmbird 👀 +https://www.reddit.com/r/Superstonk/comments/pbr8nw/tldr_odd_connection_between_aviation_paths_of_kg/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf + +#UPDATE 2: + +****I have received evidence from a source who wishes to be kept anonymous and the proof will also be kept anonymous out of respect and for the protection of said source. Guess you’ll just have to take my word for it. It is 100% Ken travelling on jet N302AK. A lot of us haven’t been able to confirm that as it could’ve been one of his assistants or someone who works for him. I now have concrete proof that Ken was in France and also met up with a quite a few people there. Just thought I’d let everybody know this to confirm your bias but by no means will I release the proof as I have gave my word to the source and will not break that promise.**** +So purchasing MFs using Kuvera has become a nightmare. Customer support team is inexistant and these days I'm not even getting emails from them post placing an order or for unfinished order. + +Do we have any similar alternatives that would allow us to directly purchase funds from the respective fund houses (not in dmat format like coin)? +I would like to move to the US, but before I do that I want to have dividend income that will let me live middle class lifestyle in the average State (excl expensive states). + +Can anyone share his own experience (with numbers) investing in dividend stocks and living completely on them? +Every fucking instinct I have is always 100% wrong. + +A war breaks out? +That's probably not good for the economy right? +Let's buy puts! +GET FUCKED, BIGGEST RALLY IN THE HISTORY OF THE S&P 500. + +Now I know what you're thinking, If every instinct I have is wrong then the opposite has to be right? + +Nope! It's not that I just suck at predicting market movements(i am absolutely horrible at it) my actions themselves seem to trigger the markets to move in the opposite direction as if it's a sentient being that is intent on fucking me at every possible turn. + +Even statistically I shouldn't be this bad at trading. + +Suffice it to say I am done with this fucking rigged trading bullshit. + +If anyone needs me I'll be at the Wendy's behind the 3rd dumpster on the left. + +Fuck you all goodbye. + +EDIT "Fuck you all" was bit harsh. + +Fuck you all, see you Monday. +A top Costco Wholesale executive confirmed the big-box retailer has **no plans to change the price of its $1.50 hot dog-and-soda combo at its stores despite months of decades-high inflation.** + +**Costco CFO Richard Galanti reiterated the cheap price point on the fan-favorite deal would stay in place during the company’s fourth-quarter earnings call on Thursday.** + +An analyst asked whether Costco was adjusting prices in other parts of its business to maintain sales margins for its hot dog-and-soda deal and other value offerings. + +“Lightning just struck me,” Galanti joked when the combo was mentioned. He added that higher-margin businesses such as gas and travel sales help Costco maintain its value deals. + +“Those things help us be more aggressive in other areas, or as you mentioned, hold the price on the hot dog and the soda a little longer – forever,” Galanti added. + +Costco and other retailers have hiked prices over the last year, passing along the higher costs of commodities and goods to consumers. Inflation has slightly declined in recent months but was still hovering at a hotter-than-expected 8.3% in August. + + Galanti estimated that price inflation at Costco was about 8% during the fourth quarter, with increases “a little higher on the food and sundries side.” + +**Costco doesn’t have any immediate plans to hike its membership fees**, according to the executive. Annual membership dues at the retailer currently start at $60. + + Still, Galanti noted that **membership price increases were likely at some point in the future. Costco has generally hiked its fees roughly every five to six years**. + +**“Our view is, is we are confident in our ability to do so and at some point, we will. But it’s a question of when, not if,”** Galanti said. + +Despite the inflationary environment, Costco topped analysts’ expectations in the fourth quarter. The retailer posted quarterly revenue $72.09 billion and earnings per share. + +Source: [https://nypost.com/2022/09/23/costco-to-keep-1-50-hot-dog-and-soda-combo-forever-despite-inflation-exec/](https://nypost.com/2022/09/23/costco-to-keep-1-50-hot-dog-and-soda-combo-forever-despite-inflation-exec/) +[Associated Press](https://apnews.com/article/technology-business-new-york-bitcoin-craig-wright-c822c8fca349b7b779b23aa2b6e9db32) + +NEW YORK (AP) — Craig Wright, a computer scientist who claims to be the inventor of Bitcoin, prevailed in a civil trial verdict Monday against the family of a deceased business partner that claimed it was owed half of a cryptocurrency fortune worth tens of billions. + +A Florida jury found that Wright did not owe half of 1.1 million Bitcoin to the family of David Kleiman. The jury did award $100 million in intellectual property rights to a joint venture between the two men, a fraction of what Kleiman’s lawyers were asking for at trial. + +“This was a tremendous victory for our side,” said Andres Rivero of Rivero Mestre LLP, the lead lawyer representing Wright. + +David Kleiman died in April 2013 at the age of 46. Led by his brother Ira Kleiman, his family has claimed David Kleiman and Wright were close friends and co-created Bitcoin through a partnership. + +(article continues) + +[Statement from Craig Wright after the verdict was given.](https://twitter.com/jimmywinsv/status/1467910308953997314?s=21) + +[Jury Verdict](https://storage.courtlistener.com/recap/gov.uscourts.flsd.521536/gov.uscourts.flsd.521536.812.0_1.pdf) + +[Final Judgement](https://storage.courtlistener.com/recap/gov.uscourts.flsd.521536/gov.uscourts.flsd.521536.814.0.pdf) + +Craig Wright + lawyers post-verdict interview: https://vimeo.com/654331541/7aae7c7e46 +So I’ve move houses 5 or 6 times since and every move a credit card offer arrives in the mail with her name and my address printed on the offer. I think her name must be tied to my credit report or something but I don’t know where or who to go to to split her name off of me. Anyone have an idea? +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/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). +i lost heaps of $ all my profits and heaps of my own that am not brave enough to admit but i want to know how much you guys have lost and how you all feelin? + +i myself feelin stomach sick from this waves lol +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). +Just finished reading Die With Zero which is often recommended on this sub. + +It offers great advice on maximizing life while you have the time, money, and health. And it promotes rational saving/planning over fear based saving for unlikely events. + +Right now I have funds allocated to cover a minor disability (not enough of a disability to trigger long term care, which can be insured). For example, if at some point in life I need a walker for mobility I want to find a small remodel and fund a helper. Die with Zero would not recommend this. + +What do you do? +I'm so frustrated I'm literally in tears at this point. I've had a lease with two of my girlfriends for the past year and there's been a lot of struggles but overall everyone has gotten along until the end. I manage all of our payments to our landlord but several times my one roommate has been a real pain to get rent money from. Her parents just put money in her account and she transfers it to me so I never understood why she put up such a fuss to pay rent. We use CashApp and at the end of the month they transfer rent money to me and I send it to our landlord. We moved out at the end of April since our lease is up starting the beginning of May so both my roommates have sent in the last month rent to me and since moved back home. However my one roommate did a charge back or some sort of claim with her bank and CashApp has since taken all of her rent money out of my account no questions asked and now I'm $600 short for rent and my landlord has been breathing down my neck and I'm not sure what to do. I have attempted to explain the situation to my landlord but he's been horrible to deal with and since I'm the only one who has ever sent him rent money all he says is I have to send him $600 by the end of the week or we're not getting back our deposit at all. I've tried to contact her but it appears I've been blocked on all platforms by her. I'm not sure what to do at this point as I only currently work part time with school so it would take me weeks to make that amount to cover what we're still owed. I've recovered from my mental breakdown enough to write this out now I literally don't know what to do at this point should I try to contact CashApp again or try going to small claims court or something? + +&#x200B; + +Edit: Two people reached out and asked for pictures of me in exchange for rent money, please don't message me with something like that :( +https://www.wsj.com/articles/the-meme-stock-rally-hurt-melvin-and-maplelane-it-hasnt-gotten-easier-since-11625931173 + +*"Melvin Capital Management, which lost more than $6 billion in January, is now down 46% for the year through June, the fund recently told investors. Maplelane Capital is down 39% for the period. Some other funds that sustained lesser losses in the January meme-stock surge are doing better. Steven A. Cohen’s $22 billion Point72 Asset Management and the $20 billion D1 Capital Partners are up about 1% and 3.8% for the first half of the year, respectively, said people familiar with the funds’ performance."* + +*"Melvin now says it lost 54.5% in January, more than its 53% estimate at the time, said people familiar with the firm. Maplelane lost about 45% that month."* + +**"Both funds have since raised new money on which they can charge management and performance fees, helping to pay their employees until they make up losses."** +Well guys....sold my stack. Family is important and unfortunately my favorite uncle is not doing well. ALS from out of nowhere and it's aggressive. He has always been like a father to me. More so than my real father in fact. So I am taking off work, bringing my woman and two dogs and heading cross country to spend time with him while I still can. Unfortunately this requires me to drop my stack. So with that said, fuck ALS. +I'll be back in as soon as I can. +RIP H.F. +Edit: thanks guys! We will be thanking him for the generous offer and suggesting he sell it. We aren’t car people, so we wouldn’t appreciate the car and the extra maintenance wouldn’t be worth it to us. Money for a family vacation, downpayment, or help with the wedding (which, again, we’re not going into debt for and no one asked your opinion about, jfc reddit) is much more useful to us so it makes more sense for him to sell the car and share if he wants. We’re not dicks so we’re not going to buy his car and flip it ourselves. + +My dad asked me if my fiancé and I are interested in his car. I have a 2009 Mazda 6 with around 150k miles - it appears beat up from city driving but passed inspections after an accident this summer. My fiancé is paying off his 2014 Mitsubishi Lancer (edited- i had the wrong car) this spring and then getting rid of it because it’ll be too expensive to pass inspections in the state he moved to. We don’t plan to replace his car because we rely on public transportation for work. + +My dad is deciding what to do with his 2015 BMW X1 and offering it to us for $5k, which is what he owes. It has 102k miles and a private blue book of $12.5k. + +He gave me a few other options. + +1. “Or I sell it for full price and use the money for wedding, band, vacation, etc” He already offered money for the wedding - dunno if this supplants or increases that. Inb4 wedding finance discussions - we’re not going into debt for the wedding. + +2. “I could also keep it and if you need it down the road, we will have it” My car isn’t at the end of its life *yet* but we’re getting to a point where we’ll want a bigger car for kid carting. I lean towards this. + +My fiancé says upkeep on a BMW is significantly more expensive and isn’t keen because of that. How true is that? + +What’s the best move financially? For more context my student loans are 3.5k, pay off CC every month, but I would need my emergency and wedding savings to buy this car from my dad. Fiancé’s student loan debt is bigger, cc debt is 5k, his car will be paid off and gotten rid of this spring. + +Edited to add more info from my dad below. + +“It’s a good car...I will keep it for you if we don’t need it. We can figure out money later. + +XYZ does most of my work now and they are reasonable. Premium gas does add some cost. + +—I just replaced brakes and tires are pretty new...have 25,000-30,000 miles left on them. It will cost about $650 for four new tires, but it will probably take a while for you to drive that distance. + +—Oil change is same cost-synthetic oil costs $85 but good for 15,000 mi. + +—no problems with mechanical systems.” +I'm legitimately blown away how many people I see defending the banks/credit companies banning crypto purchases as some type of attempt to protect their customers from a volatile market. Credit is predatory by nature. The bank doesn't care when you max your card out on alcohol, designer clothes, gambling, or any other worthless and risky commodity. Your bank doesn't give one single tiny little shit about you in any way beyond your capacity to generate revenue. You are a revenue generating unit and nothing more, end of story. They are building artificial barriers to crypto because they view it as a direct and fundamental threat to their industries... and with good reason, because it is. The reality is anyone who invests wisely in crypto right now is going to make a significant ROI over the next few years, opening up the opportunity to pay off large balances, which decreases the revenue they earn from interest. This is nothing more than a desperate attempt at self preservation. + +Again I would encourage anyone who has their bank or credit card company create a barrier for them to purchase crypto, to immediately end doing business with that institution and make sure they know why. If my bank halts my purchases, I'll liquidate my account and close it the same day. Same goes with my credit cards, they will get cut up and never used again. DON'T bend over for them. + +EDIT: Also massive downvoting of anti-banking sentiment and massive upvoting of the 'banks are looking out for you, this is a good thing' sentiment. The shill bots are out in force. +What the fuck is going on? The front page is full of posts about short squeezes, market manipulation, holding the line, coordinated FUD attacks and other conspiracy-theory nonsense. I get that a lot of folks had a lot of fun and made some good money with the AMC/GME trades - but you have to realize that you caught lightning in a bottle, this shit doesn't happen all the time, and it definitely doesn't happen in markets as liquid and enormous as bitcoin. + +I don't know what this sub is or will end up being about with 3 million members- but can we all just make a commitment to not turn it into some hodl cult to bitcoin? I know we hate centralization but maybe some new moderator policies could help cut down on this kind of discourse. I'm not saying "go back where you came from" or any bullshit like that - I am pretty new to the whole scene as well and I think everyone should be welcome - doesn't mean that every sub has to turn into some off-brand WSB +His old posts may have had more to decode but his new posts are just reactions and hype. He does not have inside information, if he thinks something is happening it's based on his own DD. It's all entertaining but no secrets anymore. + +And for the love of God stop spamming "OMG DFV TWEET". I know you know it's been posted already and you are just looking for karma. + +This is no way a criticism of DFV. He's got more intelligence and balls than I'll ever have, but he's human too. +I opened up account this past autumn for my daughter’s piggy bank money. I started off having her in 35 different stocks, but lately I’ve been trying to simplify and tighten up her portfolio. I’ve narrowed it down to the following: MMM, ADM, BLK, DIS, HRL, JNJ, LMT, MRK, PEP, PG, RY, TROW, TXN, VZ, ADP, CL, EMR, FRT, GIS, MDT, (A PIE consisting of PM, MO, UVV, BTI). I’m having trouble narrowing it further because I like all these stocks for one reason or another. Also, I’m trying to keep things relatively balanced across sectors although attempting to achieve a level of safety with the consumer defensives. Your thoughts are appreciated! +I opened up account this past autumn for my daughter’s piggy bank money. I started off having her in 35 different stocks, but lately I’ve been trying to simplify and tighten up her portfolio. I’ve narrowed it down to the following: MMM, ADM, BLK, DIS, HRL, JNJ, LMT, MRK, PEP, PG, RY, TROW, TXN, VZ, ADP, CL, EMR, FRT, GIS, MDT, (A PIE consisting of PM, MO, UVV, BTI). I’m having trouble narrowing it further because I like all these stocks for one reason or another. Also, I’m trying to keep things relatively balanced across sectors although attempting to achieve a level of safety with the consumer defensives. Your thoughts are appreciated! +In June I brought a rather expensive drone for myself. It was just a little over $1000. When I received it, I noticed that it was missing one of the cables that was required to use the drone. I immediately requested a replacement on Amazon and returned the one with the missing cable. I returned it to a UPS store as advised on the Amazon return instructions. A few days later I received notice that the return was received and never heard anything of the issue again. + +Fast forward two and a half months later and I receive an e-mail from Amazon that states that I returned the incorrect item and that I'll be charged if I don't return the right item. I know for a fact that I returned the right item, so I e-mailed back simply stating that I returned the correct item and asked them to provide proof that I returned the incorrect item. + +I received another canned response back simply stating that I returned an incorrect item. I replied to the canned response with the same response, only this time I also cc'ed jeff@amazon.com which from my understanding forwards to some special inbox that gets more attention. I also called amazon customer support to get more information. Support told me that they could not give me more information and that all they could tell me is that they received the wrong item. They did take a report though where I explained again that I returned the item and the customer service rep stated that I wouldn't receive any more emails on the subject and that I wouldn't be charged. + +Later that day I receive another email from amazon, this time I reply to my jeff@ email, essentially stating the same thing that Amazon has been stating. I then asked them again to provide proof that I returned the wrong item and furthermore I demanded that they return the incorrect item back to me if they cannot provide proof for whatever reason. Again they responded similarly to their previous e-mails, stating that I returned the wrong item and that they were going to charge me for it. They said they could not provide proof and could not send the incorrect item back to me. + +I'm really at a loss for what to do here. I don't have the return shipping receipt anymore since it was so long ago and I received confirmation that they received the item. When I returned the item, amazon allows you to return the item in it's regular product box without a cardboard shipping box to a UPS store. I suspect that between the UPS store and the Amazon warehouse that someone stole or replaced the drone. However since Amazon won't give me ANY information, I have no way to confirm that. + +It seems that every response I get back from Amazon on any of my requests for information is met with a "fuck you, pay me." from amazon. I assume they're going to charge my card for the $1000 soon. It's an Amazon Store credit card by Synchrony bank, so I have no clue how a credit dispute would work out in this case. If they charge me, would it even be worth brining a company like Amazon to small claims court? It feels like a VERY uphill battle in a case of he said, she said. +I mean think about it honestly for a moment. I know "new tough rules" are coming out that are supposed to ban congress and FED members from trading individual stocks but what the fuck? The damage has already been done. + +Gamestop has to be so intertwined in something so massive for them to silence DFV. Otherwise it makes no sense. + +Edit: ah fuck. Whose** +I've been seeing a worrying trend here recently, where lots of people, many with new-ish accounts, are essentially saying that GME is a long play, and that the MOASS will take a long time. + +This is FALSE. The MOASS is imminent. Don't fall for this tactic and start putting your money someplace else because 'oh, GME is going to stay still anyways and it can wait until after this new coin or stonk I found'. + +Citadel is on its death bed, the volume is susceptible to buying pressure of any sort and not to mention all the recent developments. A whale, a law or even a tweet can prove to be the catalyst that blows this thing up again. + +DO NOT LOWER YOUR GUARD. Do not make the mistake of thinking this rocket won't take off next week. Buy whatever you can, leave your other investments for post-MOASS. + +The hedgies don't want the squeeze. If they see no way of preventing it, they want as few people to benefit as possible. Know your enemy. + +This is not financial advice. +Back in 2018, Bitcoin gained a massive spike in value. Many people were FOMOing in at very high prices, even taking out loans to buy more Bitcoin (never do this; never EVER do this, not even for a thing as sure as GME; never ever in your life spend more money on investments than you have) and even more people had the thought: "I wish I had bought into this earlier, then I would be rich now!" + +It will be exactly the same during the GME squeeze. Some people will FOMO in when it's already too late. Everyone else who hears about it on the news will think: "I wish I had bought some shares earlier, I could have been rich! But now it's too late!" + +We're the people who bought in before it was too late. We can all look back afterwards and say: I was a part of it! You won't be among those who regret not seizing the opportunity when they had it. No matter how much you are hodling, be it X, XX, XXX, XXXX, or even XXXXX, you're part of it. We're all going to the moon together and it will be beautiful. +UPDATES (17-09-2020): + +Instead of replying to each of you individually, here are my comments and corrections (thank you for valuable comments): + +* From your comments I see the post turned out to be a bit **misleading**: the DCA and modified DCA do indeed perform better than lump sum investing, but in terms of % return (it can't be different since with the modified DCA you make purchases at ever lower prices). So in a bullish market, investing $100 a month would result in similar % gains with lump sum and DCA, with the difference that absolute amount invested with lump sum is bigger, therefore also absolute gains (in dollars, not %) are incomparably higher than with the modified DCA (not to mention the regular DCA, in which you would keep buying at ever growing prices). So this. overall, does not contradict previous research, I believe. For instance, one of you mentioned this: [https://static.twentyoverten.com/5980d16bbfb1c93238ad9c24/rJpQmY8o7/Dollar-Cost-Averaging-Just-Means-Taking-Risk-Later-Vanguard.pdf](https://static.twentyoverten.com/5980d16bbfb1c93238ad9c24/rJpQmY8o7/Dollar-Cost-Averaging-Just-Means-Taking-Risk-Later-Vanguard.pdf) , which, however, compares the final values of hypothetical portfolios from lump sum and DCA. I should have better stressed the metrics used to compare the three strategies. +* In reference to previous point that in bullish market the modified DCA performs similar to lump sum investing in terms of % return but **underperforms in terms of absolute return:** this is because smaller amounts are invested. In order to (partly) solve this issue, look for other investment opportunities, as mentioned in the post, to make your money work for you. This makes the strategy a bit more complicated but at the sime time helps diversify your portfolio. Also, since you're buying at equal intervals, spreading your purchases of additional assets in time helps you to further even out the market volatility. +* Lump sum definition: removed the part about "buying at best possible price", which of course is not required in this strategy, though in times of market downturns this is how it could be played out +* costs: DCA and modified DCA mean more purchases than lump sum, hence higher commision paid to your broker. In general, however, more and more brokers offer commision-free trading or at least extremely low fees. Also, if you invest higher amount, the commissions are negligible :) By the way, you might like the link provided by one of you: [https://money.stackexchange.com/questions/30734/frequency-of-investments-to-maximise-returns-and-minimise-fees](https://money.stackexchange.com/questions/30734/frequency-of-investments-to-maximise-returns-and-minimise-fees) + +&#x200B; + +(as I couldn't load images to this post, I'm using links from a post in my profile - not to be understood as self promotion, it's just a solution) + +&#x200B; + +Hi Guys, + +As you might already know the idea behind **dollar-cost averaging** (**DCA**) is to divide up the total amount to be invested into purchases done in regular intervals. For instance, having $10,000 to invest in [AAPL](https://finance.yahoo.com/quote/AAPL/), one could either try to time the market, executing a single purchase (this is the so called **lump sum** investing) or split it into smaller (let’s say $500) purchases executed monthly (**DCA**), which reduces the impact of price volatility on the overall performance of one’s portfolio and, generally speaking, often helps gaining higher yields. + +The advantages of dollar-cost averaging are as follows: + +* it eliminates or at least reduces the need to time the market – which we know is hard to do – and uses time to minimize the effect of price volatility +* it’s an attractive option for those who want to contribute to their portfolios on a regular basis, such as those who begin to invest or those who can’t afford investing large sums but wish to enter the market; for these reasons, DCA fits retirement plans like IRA and 401(k) quite well +* it reduces – but certainly does not eliminate – the overall investing-related stress. Look at this: if the share’s price drops, you buy at a discount :) If the price skyrockets, the value of your portfolio is rising, so you’re happy as well :) + +If you would like to read more about dollar-cost averaging, here is a couple of readings, which might deserve your attention: + +* [https://www.investopedia.com/terms/d/dollarcostaveraging.asp](https://www.investopedia.com/terms/d/dollarcostaveraging.asp) +* [https://investinganswers.com/dictionary/d/dollar-cost-averaging](https://investinganswers.com/dictionary/d/dollar-cost-averaging) +* [https://www.forbes.com/advisor/investing/dollar-cost-averaging/](https://www.forbes.com/advisor/investing/dollar-cost-averaging/) + +&#x200B; + +**Here is a practical example.** + +Assuming you wish to spend $4000 to buy shares of Some Nice Company Ltd., the purchases will be distributed across four months: + +* Month 1: share price is $50; you can purchase **20** shares for $1000 +* Month 2: share price reaches $62.5: you can purchase only **16** shares for $1000 +* Month 3: share price is down to $40: you can now buy **25** shares for $1000 +* Month 4: the price is still $40, so again you get **25** shares for $1000 + +After four months you own **86** shares of Some Nice Company Inc. But if you never heard of DCA and decided to invest the whole sum on day one instead, you would only own **80** shares (80 shares x $50 = $4000). That’s a HUGE difference, isn’t it? + +So while the **DCA** approach is fine, why actually bother and try to change anything in it? Simply becaue it’s good but far from being perfect. What I mean is that you can modify this very simple approach a bit to get substantially better results in the long term, as I’m going to show you below. Today, I’ll only focus on randomly generated stock data that simulates both bear and bull markets, with varying volatilities. In one of the following posts we will look further on how the modified DCA behaves when applied to real life share prices. + +So what’s the strategy? Assume you decided to invest in our favorite Some Nice Company Inc. and you want to purchase a $100 worth of its stock each month. After a month from the first purchase, the share price may have dropped, gone up or be essentially unchanged. With the **modified DCA** we’re only going to purchase more shares if the price is down compared with previous purchase, meaning buying at a discount. The exact amount we are about to purchase is specified with the following formula: + +* the price is down by less than 2% ⇒ buy 1 share +* the discount is in between 2% and 4% ⇒ buy 2 shares +* the price drops by more than 4% ⇒ buy 3 shares + +In other words, we’re trying to buy the shares at a discounted price, while with a regular DCA we would be purchasing a $100 worth of stock each month. + +Importantly, we are also setting up a Stop Loss at -50% and Take Profit at 50%. + +Using these settings with simulated stock prices in 100,000 simulations of 24 monthly intervals, we get the following: + +**1. Moderate volatility, assuming no trend in price change, i.e. the price fluctuates randomly up and down** + +[**https://preview.redd.it/w2fmufnojcn51.png?width=298&format=png&auto=webp&s=01c8dbd7e09df08d2a5a3e3e096de20e913551f7**](https://preview.redd.it/w2fmufnojcn51.png?width=298&format=png&auto=webp&s=01c8dbd7e09df08d2a5a3e3e096de20e913551f7) + +When the price fluctuates randomly and there is no clear UP or DOWN trend (let’s say, the price consolidates), an investor using lump sum strategy will earn nothing (here: 0.01%). However, DCA allows one to get a minimal profit of 1.5% under those circumstances, while the **modified DCA** grants as much as 6.68% on average. Noteworthy, with the modified DCA Take Profit was triggered 18,810 times and Stop Loss only 667 times (less than 0.7% of investments). + +**2. High volatility, assuming no trend in price change, i.e. the price fluctuates randomly up and down** + +[**https://preview.redd.it/ybvskyqqjcn51.png?width=291&format=png&auto=webp&s=6c388134d40c41b9cb7a612ef4464f6337834dd0**](https://preview.redd.it/ybvskyqqjcn51.png?width=291&format=png&auto=webp&s=6c388134d40c41b9cb7a612ef4464f6337834dd0) + +This is similar to the above scenario but volatility is increased substantially. Now, both the regular and modified DCA grant higher yields, with the latter being significantly more effective (6.23% vs 14.6%). For the **modified DCA** Take profit was triggered 44,639 times (almost half of cases) and Stop Loss 15,216 times. + +**3. Moderate volatility, moderate trend UP** + +[**https://preview.redd.it/02hl95zsjcn51.png?width=293&format=png&auto=webp&s=bb1615654f95f92c6bc6707682e191078141c6fc**](https://preview.redd.it/02hl95zsjcn51.png?width=293&format=png&auto=webp&s=bb1615654f95f92c6bc6707682e191078141c6fc) + +Now let’s look what happens if there is a tendency for share prices to rise. Well, lump sum and the **modified DCA** perform equally good, with the regular DCA being a runner-up. + +**4. Moderate volatility, moderate trend DOWN** + +[**https://preview.redd.it/sraaiydujcn51.png?width=299&format=png&auto=webp&s=3cb2c66601b101cfcd212da1e76bd31d7ca9f2b9**](https://preview.redd.it/sraaiydujcn51.png?width=299&format=png&auto=webp&s=3cb2c66601b101cfcd212da1e76bd31d7ca9f2b9) + +And what if the prices are going down? This shows one of the greatest advantages of the **modified DCA**: with a loss of -14.62% it is marginally better than the regular DCA but amazingly outperforms lump sum strategy. In other words, the strategy may serve as a cushion against unexpected market downturns and helps to preserve value of your investment portfolio. + +**5. Moderate volatility, strong trend UP** + +[**https://preview.redd.it/p5tokgwvjcn51.png?width=293&format=png&auto=webp&s=ca87f76eeb4402b8604066c59d8d354d902ba20b**](https://preview.redd.it/p5tokgwvjcn51.png?width=293&format=png&auto=webp&s=ca87f76eeb4402b8604066c59d8d354d902ba20b) + +When the share prices rise strong and fast, it is the lump sum that performs best. Still, however, the  modified DCA is a runner-up, with an average profit of 44.85%, Take Profit was triggered 71,330 times and Stop Loss used only 54 times. + +**6. Moderate volatility, strong trend DOWN** + +[**https://preview.redd.it/w5cmwj5xjcn51.png?width=294&format=png&auto=webp&s=389eb414c564b6be5eacd0d8f0d8db9f591ecc48**](https://preview.redd.it/w5cmwj5xjcn51.png?width=294&format=png&auto=webp&s=389eb414c564b6be5eacd0d8f0d8db9f591ecc48) + +Finally, what if the share prices go wildly down? Previously, with a moderate trend DOWN we saw the **modified DCA** to reduce losses by half compared to lump sum strategy. Here, the situation is quite similar but it’s worth noting that Stop Loss was triggered 11.379 times (over 11% of cases). + +Below is a typical situation for share’s price with high volatility and with its value dropping: the value of  portfolio of someone who invested with lump sum would be decreased by 24%, while both regular and modified DCA help reduce the losses (notably, the modified DCA performs beter than the regular DCA): + +[https://preview.redd.it/cdb0mivyjcn51.png?width=674&format=png&auto=webp&s=2450da7d12f34adf71f29fe5d06a9392c0bda4dd](https://preview.redd.it/cdb0mivyjcn51.png?width=674&format=png&auto=webp&s=2450da7d12f34adf71f29fe5d06a9392c0bda4dd) + +In case of a strong uptrend, however, both DCA’s perform slightly worse than the lump sum, as shown above in the statistics and examplified in the following figure: + +[https://preview.redd.it/4clhwt80kcn51.png?width=669&format=png&auto=webp&s=264015d6f9e51d52a0906a1d4d56fd3d79c9295a](https://preview.redd.it/4clhwt80kcn51.png?width=669&format=png&auto=webp&s=264015d6f9e51d52a0906a1d4d56fd3d79c9295a) + +Finally, it sometimes happens that the regular DCA outperforms the **modified DCA**: this only occurs occasionally: + +[https://preview.redd.it/khxg3de1kcn51.png?width=666&format=png&auto=webp&s=cdaf00ce9ae2d5c91338bce2e412720315eb1504](https://preview.redd.it/khxg3de1kcn51.png?width=666&format=png&auto=webp&s=cdaf00ce9ae2d5c91338bce2e412720315eb1504) + +&#x200B; + +**BOTTOM LINE** + +In most cases, **dollar-cost averaging** outperforms **lump sum** purchasing, as demonstrated in a couple of tests for different market circumatsnces using 100,000 simulations. Notably, a modified version of DCA typically performs significantly better than the regular DCA. The main difference between them is that purchases in the modified version are conditional upon the price change of the asset: they are only executed at the beginning of investment and then only if the current price is lower than the mean price of purchases. This means that, technically speaking, the **modified DCA** is not really a DCA, because purchases are not performed in equal time intervals: by calling it the moified DCA I only mean to show that the strategy originates from the DCA approach. Please also note that we are applying Stop Loss and Take Profit thresholds, because I believe one should always be doing so, even though the regular DCA is typically described and (maybe) used without those parameters. + +The advantages of dollar-cost averaging were already laid down above. The added value of modified DCA is that, generally speaking, it grants higher yields from investments than the regular DCA. How about its drawbacks? Well, it promotes byuing assets whose value drops, which is generally OK but there is a danger of sticking in bad investments: sometimes the value drops for a good reason and it might be a batter idea to exit the investment, rather than ever increasing your exposure to it. It is important that you do your due diligance and make sure you invest youm money in an advised way. This is also why I’m setting the Stop Loss value. Another issue I have to mention is that in prolonged bull markets you might be stopped from further purchases for a while, but remember this means you made a good investment since the value of your shares is rising. What can you do about it? Simply find another opportunity, there are always some undervalued assets worth investing. Finally, in bearish markets you might have to invest more than you originally wanted to (the number of shares to be bought is multiplied by the factor of 1, 2 or 3, depending on size of the discount, as mentioned above); if you’re not happy with that, you may stick to the smallest amount you feel comfotable with but remember this will also reduce your potential gains when the price recovers. + +Last but not least, these were just simulations with random data. In one of the upcoming posts I’ll show you how the **modified DCA** performs using historical stock data. Sign in to my newsletter if you wouldn’t like to miss it. + +I hope you enjoyed this post. Feel free to leave your comment below. + +Thank you, + +*Michael* + +&#x200B; + +Disclosures: + +* What you see here is my personal opinion, my own investments and should not be treated as investing advice +* I’m an amateur investor +* no promotional content; I'm not affiliated to any of the linked entities and am not paid by them; this is my personal research +Hi, I finally took the great advice given to me by users here and I have sat down and gone through my YTD spending via my current account. + +I am speechless. YTD I have spent: +- £2K on Deliveroo (takeaway and groceries) +- 1K on Amazon (gadgets and groceries) +- £600 on Uber (eats and travel) + +It’s shocking, I know but I am still processing this myself. I don’t know if I should feel ashamed, foolish or what. Truthfully I feel nothing. Just shocked. Why and how did I get to this point? Depression, 60+ hour job and laziness. No discipline. + +I have £250 in savings. £15K plan 1 student debt. £8k private pension. Almost maxed out contribution employer pension. I’ve deleted my Deliveroo and Uber eats app. I get paid on Friday and I don’t know where to start. Is it weird that none of this causes me any urgency? Maybe it’s the shock. + +I’ve been in my job for over a year, I have about £1.7K left over each month. I have no dependent. Single. + +What should I do? +Due to an unforeseen death within our family, my father and uncle are now inheriting two houses worth 5,5 million €, another two houses worth 5 million (of which 4 million still have to be paid off, those are probably going to be sold asap), rental appartements worth 2,5 million (~ 9 millions in total). +After 30% taxes (Germany), for which they want to sell the not yet paid off houses and one of the two big houses, around 6 million Euros will remain. + +Within the next 5 years, they will inherit more property and a portfolio worth ~ 12 million euros, because my grandmother is quite sick and they are the only children and the beneficiaries. + +I grew up in an upper middle class household, we live in a paid off house but never had the money for a second car. I always knew there was money on this side of the family but never realized how rich my grandparents were. My father and uncle never received much money from them and are still in a mindset of "we don't know if we will have enough" although I showed them conservative calculations of 200.000€ dividends a year without much work (5 million in diversified etfs (msci world/emerging markets; 80/20). They are very afraid to do something wrong and would rather pay for a bank to manage their portfolio for 2% handling fees, which is more than double the amount that I receive before taxes. + +Also, me and my sister are trying to tell them that it would make more sense to abstain from the ~12 million inheritance in a couple of years and let it flow to me and her directly, so that we do not have to pay millions in taxes again in two decades, now that they are set for life anyways (they did not and do not plan to spend more money and are not into spending money for unnecessary materialistic luxury). But although they see the logic behind it, they have a deeply rooted feeling of "never having received much from their parents" during their lifetime, wanting to now receive everything there is, not wanting to forego inheritance for the sake of saving millions in taxes. It just turns me and my sister a bit crazy knowing that there decision based on irrational emotions would probably cost more in taxes, than both of us will be able to earn after taxes in our whole lives. In the end, it is their right to do whatever they want with their inheritance, of that we are aware. But it makes us nauseous thinking about the amount of money involved. + +We also do not really know what to do at the moment, how to deal with suddenly receiving (albeit indirectly), such an enormous and unforeseen amount of money. I know very well that we would probably not have to work anymore if we really did not want to. But I also cannot really talk to anyone about it because I feel ashamed of how much of a luxury problem that is, knowing other people struggle to survive or struggle with increasing rent prices, inflation and more - so have I, working as a waiter on the side to finance my studies. But although those problems are very privileged problems, and although, even if we paid taxes twice and did some not so optimal decisions, me and my sister are now set for life as well, if nothing goes terribly wrong, I still ruminate a lot about the current situation and wonder how we could support my dad and uncle into improving their financial literacy and to shifting their perspective from being middle class, where 200€/h lawyers are unaffordable to now having those people save us way more money than they cost. And to potentially have them give up on the second inheritance in the future, as they are set for life anyways. + +I am also grateful for honest critical feedback because up until now, I have only ever talked about this with my father, uncle and sister, knowing we could all be biased in one way or another. + +Tl;dr: family inherited 9 million. Will inherit another 12 million in the coming years. Facing luxury problems I am ashamed to talk to anyone outside of the family. Wanting to improve their financial literacy but difficult to reach them +Here’s my original post if you want to read it. https://www.reddit.com/r/personalfinance/comments/g0np8u/i_fell_for_a_scam_last_night/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +TLDR; Someone called me pretending to be my bank, I’m dumb, and they took $1897 from me. + + +So I had filed a complaint with my bank. They gave me a provisional credit for the money that was taken. However, they decided that no error occurred and took the money back. + +I filed a rebuttal with them and sent screenshots of parts of the EFT Act that said I can only be held liable depending on how long it takes me to notify my bank. I had notified them within HOURS when it happened. Tonight I checked my bank account to make sure I had enough to buy milk and the money was back in my account. According to the email I received, they’ve determined that an error DID occur and I got all of my money back. + +I don’t remember who it was, but someone on my original post recommended bringing up the EFT Act. Whoever you are, thank you. I wouldn’t have gotten my money back without you. I had no idea the EFT Act existed. + +I still feel stupid for falling for the scam in the first place. I’m much more careful now. But a huge weight has been lifted knowing that I got the money back. + +Edit: This post got much bigger than I ever thought. + +The advice is all great. If your bank calls, hang up and call them back. Y’all are literally just saying the same exact thing over and over. lol Chill out a bit. + +Also, because there has been quite a few questions around this.. The person who called me spoofed my bank’s phone number. I did not just answer a call from a number I didn’t know. They scared me by saying that my card had been used elsewhere and then used that fear to get me to do what they wanted. I’m a grown ass woman and should have known something was wrong. But they were really good at making sure I was scared enough to do what they wanted. + +For those of you who wanted more info on the EFT Act, there’s some really good links and info in the comments. But you can read the EFT Act here: https://www.federalreserve.gov/boarddocs/caletters/2008/0807/08-07_attachment.pdf + +Be safe out there, y’all. +Like if they slip and fall or something to that effect. Landlord insurance would mitigate the risk, as would making an llc. But it is an unpleasant risk nonetheless. +I've often said (and I stole the joke from someone) that FIRE is a combination of 5th Grade Math and PhD Level Psychology. Anyone who can achieve stable employment can, theoretically, achieve FIRE - but most don't. + +I just came across this long article on the subject - https://www.collaborativefund.com/blog/the-psychology-of-money/ + +The author lists 20 "flaws, biases, and causes of bad behaviour". Any resonate with you - it certainly made me pat myself on the back a few times, which makes me suspect there's a few here that I'm just currently blind to in my own life!? + +1. Earned success and deserved failure fallacy: A tendency to underestimate the role of luck and risk, and a failure to recognize that luck and risk are different sides of the same coin. + +2. Cost avoidance syndrome: A failure to identify the true costs of a situation, with too much emphasis on financial costs while ignoring the emotional price that must be paid to win a reward. + +3. Rich man in the car paradox. (You don't admire the man, you think people would admire you if you were the man.) + +4. A tendency to adjust to current circumstances in a way that makes forecasting your future desires and actions difficult, resulting in the inability to capture long-term compounding rewards that come from current decisions. + +5. Anchored-to-your-own-history bias: Your personal experiences make up maybe 0.00000001% of what’s happened in the world but maybe 80% of how you think the world works. + +6. Historians are Prophets fallacy: Not seeing the irony that history is the study of surprises and changes while using it as a guide to the future. An overreliance on past data as a signal to future conditions in a field where innovation and change is the lifeblood of progress. + +7. The seduction of pessimism in a world where optimism is the most reasonable stance. + +8. Underappreciating the power of compounding, driven by the tendency to intuitively think about exponential growth in linear terms. + +9. Attachment to social proof in a field that demands contrarian thinking to achieve above-average results. + +10. An appeal to academia in a field that is governed not by clean rules but loose and unpredictable trends. + +11. The social utility of money coming at the direct expense of growing money; wealth is what you don’t see. + +12. A tendency toward action in a field where the first rule of compounding is to never interrupt it unnecessarily. + +13. Underestimating the need for room for error, not just financially but mentally and physically. + +14. A tendency to be influenced by the actions of other people who are playing a different financial game than you are. + +15. An attachment to financial entertainment due to the fact that money is emotional, and emotions are revved up by argument, extreme views, flashing lights, and threats to your wellbeing. + +16. Optimism bias in risk-taking, or “Russian Roulette should statistically work” syndrome: An over attachment to favorable odds when the downside is unacceptable in any circumstance. + +17. A preference for skills in a field where skills don’t matter if they aren’t matched with the right behavior. + +18. Denial of inconsistencies between how you think the world should work and how the world actually works, driven by a desire to form a clean narrative of cause and effect despite the inherent complexities of everything involving money. + +19. Political beliefs driving financial decisions, influenced by economics being a misbehaved cousin of politics. + +20. The three-month bubble: Extrapolating the recent past into the near future, and then overestimating the extent to which whatever you anticipate will happen in the near future will impact your future. + +tldr from the author: "If there’s a common denominator in these, it’s a preference for humility, adaptability, long time horizons, and skepticism of popularity around anything involving money. Which can be summed up as: Be prepared to roll with the punches." +It will be interesting to see just how much this massive dip is bought. Let’s build each other up with some hopium since the price is tanking. Reply to this with nothing but the shares you bought today. Doesn’t matter if it was cs drs or any broker out there. Maybe one of you smart apes can run the total numbers at the end of the day. 200 words yada yada yada yada yada. + +Edit: I just want to add you all are awesome. The last couple weeks have been rough but scrolling through these numbers is just amazing. Keep holding, keep buying, keep drsing! We are all in this together and not going anywhere! +I personally feel like there are many great companies such as Microsoft, Apple, Google, Amazon. But those companies have very high price points. + +I'm waiting for them to drop significantly before I pick them up. + +In the mean time is there any companies that are with looking at? +Hello everyone, does anyone have any good recommendations for modern value investing books with strategies and things to look out for and analyze that are written simply in layman terms? (I'm looking for something written more recently, from about 2008 onwards so not classics such as Intelligent Investor from 1949). + +Thanks + This is an extremely long post so I have made a "Section List" below (this might take a few sit-downs to read): + +1. *Review of Parts 1, 2, and 3 that I have written on (to reference these parts I will leave a comment on how to find them)* + + 1. *Shortages* + 2. *Shorting the US Treasury Bond* +2. *New Discussion* + + 1. *An Asset Crunch* + 2. *Latent Inflation* + 3. *Missing Variables and Questions on Latent Inflation* + 4. *Commentary on Questions of Latent Inflation* +3. *Protecting Against Inflation* + + 1. *Staying in the Market* + 2. *Sitting out of the Stock Market (Real Estate Discussion and Investing in Yourself)* + 3. *Actively Investing in the Market* + +In previous parts I explained why some things occurred (abet some error) and what we can do to stop it. In this writing, I will provide commentary on what we are seeing and what the future holds. I will also discuss other possibilities and avenues for profitability. If you would like to view these previously written articles, please refer to the comment section where I reference where to go. + +**Review of Prior Inflation Articles (view comment for reference to previous parts)** + +Well first and foremost when I wrote the previous articles it was October of 2021 (7 months ago) and enough time has gone on for us to review my predictions below: + +*Shortages* + +I predicted shortages would continue to worsen as time has gone on and demand picks up. Well shortages have gotten better but as we switch to a services industry this has begun to improve and has caused worker shortages across numerous services industries. I would expect to continue to see a rotation of shortages around the economy and I believe this will continue if there is not increased monetary contraction from the Federal Reserve. If we see price ceilings (as the house recently discussed a gas price ceiling) then shortages will become severe as they were in the 1970s when gas become scarce. I discussed that we should take advantage of these shortages and make money on them specifically calling out natural gas and oil which have been tremendous bets and you would’ve made well over 100% in both STNG and OVV that I called out making over 100% in each. SXC has stayed steady (I would suggest selling out), and my Walmart call was just straight bad. I recognized the build up of inventory that caused their stock ($WMT) to tank just under 20%, but I thought it would protect them from future shortages not lead them to a profit loss. This makes sense in retrospect, but I completely missed this as I didn’t account for the demand moving around the economy and instead I assumed it would stay stagnant. I believe as services increase and China opens up, we will see energy prices increase even more than what they are now, but you must be careful due to already massive increases in the sector as well as demand destruction. + +*Shorting the United States Treasury Bond* + +I predicted Bond prices would fall at least 20% which has turned true with TLT falling from $145 on the day of my last article to $114 today. I also predicted treasury bond yields to increase to 3% when QE ended, and this has been eerily accurate as well. Now that QT is beginning and inflation becomes more entrenched, once TLT breaks this long-time yield of 3% we will see bond prices fall in significant value as the Federal Reserve and Market work together in driving rates up. + +As we hit 3% on treasury yields and higher, we will see assets begin to contract heavily. In the short term this could cause bond yields to lower, but if inflation stays high then the Fed will help maintain the price of bond prices. This will be a swing trade in my opinion, because as the yields increase it has the dual ability of contracting the economy so you must be careful on driving this bet home. I think so far if you invested in October then you are extremely happy with your returns thus far. + +**Continued Discussion** + +*An Asset Crunch (partial review)* + +Across the board we are feeling contractions in all assets. Having called out Roku, ARKK, EV companies, and hyped Space Companies. Naturally they have all contracted as the bond yields over the horizon have caused massive devaluations across the sector and reflexivity in those industries. Now we are beginning to see the broader stock market bubble collapse as well with the S&P 500 currently experiencing a bear market rally, we have a much larger way down. As can be seen in a chart comparing the 2022 market in comparison to 2008 crash (and similar as well to 1974) I think it is safe to say that history might repeat itself. + +As the asset crunch hits this could cause a contraction in the monetary supply on its own and if you are betting for inflation then you must be aware of this. As volatility lowers on this bear market rally, and VVIX (volatility of volatility) goes to all time lows I believe we are approaching a perfect time to bet on volatility over the coming year as VIX was an amazing hedge in 2008, 2018, and 2020. + +As the chances for something breaking increase (I’m looking at you Credit Suisse), the odds of a stock market crash based on the current asset bubble seem to be high. I think that at least reducing exposure from market index funds would be the best move here. + +*Latent Inflation* + +In my latest writings to you I used different methods to prove that this inflation is much stickier than most individuals realize. I didn’t give an estimate for how much inflation we would see or what to expect and I believe it is only fair to give my estimations to you below. This is the theory of latent inflation as discussed by Jen Parsons in “The Dying of Money”. Basically, latent inflation is the “stored” inflation that the economy has due to continuous monetary supply increases. It is found by dividing the monetary supply by the real price value (basically PPI adjusted for the productivity increases of the economy) and then you subtract the current price values (PPI). For my monetary supply I used divisia’s M3 as provided by the center for financial stability as I believe this is one of the best ways of measuring our current monetary supply. I started my data in 2012 as I believe latent inflation was roughly at 0% starting in that year as we had a massive recession, and the economy was just beginning to recover. There are a few flaws with this assumption, I am assuming that all the pressure from previous M2 supply that had gotten stuck in the stock market and housing market was wiped out due to deflationary pressures provided by the massive amount of fraud scaring consumer confidence and causing the economy to deflate. Also, monetary supply has been increasing intensely since the mid-90s and then skyrocketed in 2008 until 2020 when it hit a new level of absurd. This could lead to estimates of latent inflation to the downside. I have since calculated it from there and I believe I have found a rough estimate. Latent inflation peaked in September of 2020 at around 60% (if you calculate with M2 it is roughly 75% and my commentary below would still apply) and is now near roughly 40%. + +What this means if our economy is not to increase the monetary supply, then we will eventually experience 60% of total inflation from September of 2020 forward, this does not mean that peak annual inflation will reach 60% (although it could increase greatly due to velocity inflation). My commentary on this number is that this is not an exact science, but it should give us a general idea of what to expect, it also does not account for declining economic production that we have seen recently which would cause an increase higher than this inflation. This also does not adjust for the fact that the Fed will actively try to crush monetary supply, and this will reduce the total inflation we experience. If the Fed crashes the economy but does not decrease the monetary supply, enough then we will begin inflating again as we did in the 1970s stagflation environment. Even though total inflation will be slightly lower than the 1970s, that was over 10 years of inflation, going into 1974 the latent index showed much less than the 100%+ that they experienced, but as the Fed made mistake after mistake the latent inflation increased over the decade. Implying, that we could experience much higher inflation based on how the Fed responds to things. This pushes further the Bond price bet that I had discussed previously. All signs point to prolonged inflation or epic Federal Reserve monetary contraction by QT and increasing bond yields to insane heights in either scenario. None of this includes the fact that we could experience a purely velocity inflation on top of this due to reopening completely, this is what was experienced in 1948 and the. Those inflations were not due to monetary increases, but they were due to velocity increases (therefore the great depression broke things, as the Federal reserve contracted to an inflation that was purely velocity oriented and would have most likely fixed itself on its own). I believe we are now beginning to experience a combination of the two. + + + +*Missing Variables and Questions on Latent Inflation* + +Now with all of this said, there are variables that I have no way of knowing when it comes to how the Federal Reserve will react to this inflation at this point. First, there will almost certainly be a recession and inflation will stop as QT and interest rates increase. The question is how long the Federal Reserve will allow a recession to go on which would determine inflation beyond the recession. The next thing is I also do not know how long it will take for the US to hit peak inflation, and how extreme the Federal Reserve will get to stop it. Because of this I cannot give you an exact guess of how much bonds will move up, and they could stop moving up based on what we saw in the 1970s where the bond market didn’t truly panic until 1976 and onward when inflation came right back. Also, many managers tend to operate on the bond market being a haven in time of stock market turbulence which is a guarantee, this could limit any bond shorts. + +*Commentary on the questions of latent inflation* + +Of course, I will not leave you to ponder those questions on your own. I have my own musings on the questions above. First, I think that bond yields aren’t at a top or anywhere particularly close. The Fed has not begun to pick up its aggressiveness and will have to hike into a recession as inflation becomes entrenched and accelerates. Again, this is almost an exact replica of what occurred in 1974 (I do not reference the 1970s because I am using the 70s as a template, I reference the 70s because the Fed is behaving the exact same way in a more extreme manner leading to similar, and more extreme, results). There will be a recession, guaranteed, and this will cause the bonds prices to increase at some point as inflation shows signs of initially abating. In 1974, the turn in inflation marked the bottom of the recession, and I expect something similar here. When the recession occurs, this will cause the market to expect inflationary measures to be taken by the Fed to prevent this. The market is correct in this assumption because the Fed has been far from aggressive and looks for ANY excuse to turn dovish (this is true of most global CBs as inflation is a drug that they will not kick). Take a scenario where CPI comes in .1% low and the Fed turns dovish saying they’ve won the battle (sound familiar). Because of the Feds behavior I would assume a quick reversal in monetary policy when a recession occurs. This would not give enough time for monetary supply or supply chain disruptions to recover from the initial inflation leading to another immediate spike in inflation just as we saw in the 1970s. There are no Volcker’s among us. + +**Protecting Against Inflation** + +This is a bear’s world and we’re just living in it. To that end you have 3 options to protect yourself against inflation and possible recession. They are as follows: sit out of the stock market out, stay in index funds as if nothing is going on (buy and hold), or invest actively. I will discuss my opinion on each. + +*Staying in the Market* + +If you stay in this market, you are going to get absolutely smoked in my opinion. If this turns into the 70s you will lose real value on your stock market performance over a 10 YEAR PERIOD (in the 1970s we saw a 28% gain from January of 1970 to December of 1979 and a total inflation during that period of 102% in CPI). That is an insane amount of compounding taken away from you and I highly suggest you avoid that. + +*Sitting out of the Stock Market (Real Estate Discussion and Investing in Yourself)* + +Let’s assume you sit out of the market completely, what options do you have? Real Estate is the first option, but although this is in fact a “real asset” it is experiencing direct inflation due to monetary increases directly from mortgage-backed securities driving mortgage rates down. So, what were to happen if mortgage rates to increase (hypothetically of course)? + +Due to the bubble in prices, we would most likely see these contract. Now the main argument is “but inventory is low”. Inventory is low because the government was directly inflating housing prices with money that was beyond housing production. With extremely high inventory in 2005 we saw a massive bubble that was popped by a 1.5% increase in mortgage rates (from 5% to 6.5%). In the past few months, we have seen an increase of 3.5% (from 2% to 5.5%). This is a total increase of over 100% and rapidly increasing with inflation. Eventually the inventory will fix itself and increase as rates increase, but it will be slow (as with energy production), but it will occur if rates stay high. In the short-term housing might stay steady but in the intermediate term there is a low chance that housing is a good bet as inventories correct for the lowered demand. + +For the most part the economy is indirectly inflated by causing debt to be cheaper, or by putting money in the hands of bond holders (banks) and letting it trickle down into the economy. The housing market is directly impacted by increases on debt rates AND directly impacted by the buying of mortgage-backed securities. Basically, look at the housing market as a direct bet on the mortgage market and consumer income. This is a George Soros quote from post 2008 explaining reflexivity in financial markets: + +“The simplest case (of reflexivity) is a real estate boom. The trend that precipitates it is that credit becomes cheaper and more easily available; the misconception is that the value of the collateral is independent of the availability of credit. As a matter of fact, the relationship between the availability of credit and the value of the collateral is reflexive. When credit becomes cheaper and more easily available, activity picks up and real estate values rise. There are fewer defaults, credit performance improves, and lending standards are relaxed. So, at the height of the boom, the amount of credit involved is at its maximum and a reversal precipitates forced liquidation, depressing real estate values.” + +Well, your argument might be that housing prices didn’t get murdered in the 1970s. If you look at the 1960s and 1970s you can clearly see that there was zero unrealistic run-up in housing prices in comparison to income prior to the inflationary booms and busts of the 1970s. This means that housing had no realistic reason to crash in the 1970s. + +If you look at the 1960s and 1970s you can clearly see that there was zero unrealistic run-up in housing prices (in comparison to income) prior to the inflationary booms and busts of the 1970s. This means that housing had no realistic reason to crash in the 1970s. The only bullish argument for housing is that it is an inelastic good and if inflation continues to ungodly heights it WILL gain in price if it is not stopped since it is a real asset, the demand for safety in housing will increase. These are both massive risks to bet on in my opinion and are both valid, I just see both as risky scenarios and are almost purely speculative due to the nature of housing. + +If you don’t stick with real estate, what other options do you have? You could sit in cash but then you obviously lose real value from inflation. You could bet on yourself and spend money improving yourself to become the best at what you do. This is suggested by Warren Buffett, and it is not a bad idea. Your intrinsic skills will always keep up with inflation and you can always find a job if you become the best at what you do. That doesn’t always guarantee employment, but there aren’t many downsides, except even doing that you might not be able to guarantee your wages keep up with inflation either. + +Actively *Investing in the Market* + +Good thing we have a vehicle that booms and busts to inflation and the contraction/inflation of monetary supply. And what is this vehicle? It is the stock market. You can easily identify the booms and busts of an inflationary cycle by identifying when money is being printed and when it’s being contracted. In times of inflationary monetary policy, the stock market tends to be the first the to boom, whereas during times of monetary contraction the stock market tends to be the first thing to fall. This semi predictable trait of booming and busting with the monetary policy allows you, the investor, to protect your money by trading on these swings. If you can value invest it’s even better! When the stock market contracts, and reflexivity takes place, it will lead to many valuable options for us as investors that get to pick and choose. If the Fed immediately turns around and starts inflating the economy again then guess what! You are in the perfect spot to ride that wave. Just remember you must identify that the economy has to show signs of being in an inflationary cycle such as the later 60s through early 80s and now. I would say the signs would be a Shiller P/E of above 20 or a high Buffett Indicator (adjusted for the natural FFR, a lower natural FFR means a higher Shiller P/E is allowable, it is your decision, use common sense) to basically identify if you are in a bubble, inflation above the natural rate (different every decade it is your decision), and a buildup of latent inflation. THIS ISN’T AN EXACT SCIENCE. You have to use common sense, anyone who tells you this will work every time is just plain wrong but using logic you can use these tools to decide if you are entering an inflationary cycle. + +This is how the inflationary story tends to play out: + +1. When the inflation begins to become too large at the first stage of the identified Inflationary cycle then you should ride the stock wave until the Fed begins taking action and you can easily capture the top (which has already occurred back in late 2021 and was fairly predictable all you had to do was wait for the Fed to act on the inevitable). +2. When the Fed acts the market will contract and inflation will, most likely, eventually (at least temporarily) stop. The preceding recession will ensure an asset crash due to the intense bubble ahead of time (most likely in all assets that were part of the bubble). +3. Eventually, as the Fed panics to the recession, you can sit back and let things play out (or if you’re bold, bet against the market) for the inflationary bubble crash. Usually, the bottom will occur when inflation has shown solid signs of peaking. Now from this point it becomes a little trickier because usually at a certain stage the bubble will be completely popped (you can usually identify this by the shiller P/E ratio or Buffett Indicator that shows a meaningful drop in valuations). If the bubble hasn’t popped, then expect continued inflation in whatever assets haven’t popped and another preceding stock crash. When everything has officially popped it is most likely safe to say that you can buy the bottom and ride out the rest of the inflation. + +*One more thing:* The only caveat to riding out the rest of the inflation is paying attention to the latent inflation. If it gets extremely negative that means the monetary supply has contracted too much and it will lead to a recession. + +If you did this in the 1970s you would have sold in late 1972/early 1973. You would have bought back in 1975 and you would have absolutely smoked the S&P 500 (and depending on your interpretation you could have sold in 1980 due to latent inflation decreasing so heavily but most likely would have missed the gains in 1982) By 1982 you would have smoked inflation and in 1980 you would have been briefly behind it. Similarly using these methods, it would have been ruthlessly obvious to sell in 2021 as all the metrics hit. I do not know what will happen nor do I expect this to repeat the same way. From a logical standpoint it makes sense to follow this path. Another year where this logic could have been possible to use was 1999, although it should have been heavily apparent based on valuations and Fed tightening alone even though inflation wasn’t extremely above the norm. + +The returns on this path could be heavily increased by following the value investing method which is notorious for surviving bear markets. Warren Buffett even wrote a letter regarding the super investors of Graham and Dodd that simply applied value investing to the 1960s and 1970s and was able to crush the market. These swings lead to volatility and opportunity to find great/cheap investments. + +I am sorry for the long read but I hope you enjoy! +intermediate at reading financial staements have done one or two dcfs + + + +1. where on a 10k is there YoY growth/numbers to look at? lets just use tesla + + +2. whart sort of financial satemetns should i look for from a ccompany like tesla that are NOT accounting statements? +Throwaway account for anonymity. + +I’ve recently discovered that my credit score is in the ballpark of 500 even though I’ve never owned a credit card in my life. I checked my credit report and discovered a plethora of negatives and unpaid accounts totaling to about $7000. All of the charges occurred when I was around 16-years-old so it would’ve been impossible for me to have made them. I asked my parents and they admitted to having made the charges and said that they would "make things right". That was 2 years ago. I did some research and discovered that even IF they paid the accounts off I’d still have a pretty shitty credit score. I’ve also talked to my brothers and they’ve reported having the same thing happen to them. My score has prevented me from securing a car, applying for housing to move out, and securing loans. My score is also not a reflection of my financial literacy and it sucks because I have great money management skills and have always paid my bills on time. I need advice on how to go forward with the situation. +Pretty wild situation just happened to me yesterday. I got a letter in the mail from my old 401k provider that I had a balance and needed to act on it -- thing is, I left that job 11 months ago and made sure to roll over the funds to my new provider almost immediately. Logged on and saw that I did have a fairly substantial balance and then traced it back to a 10/15 deposit labeled "Employer Match". + +I reached out to a couple people that still work at the company to see if they heard anything about mismanagement or faulty deposits and no one has. So my question here is, is that money rightfully mine, even if it was a mistake? Do they have any recourse to try and get it back if I withdraw and in the event that it shouldn't have been there? + +The funds have been sitting in my account for nearly a month now so I have to believe that if it was in-error they would have caught it by now, by still very confused why they would drop an Employer Match in an empty account. +**This is not financial nor investment advice. These are ideas and opinions for information purposes only.** + +*This post will read bottom to top. It's easier for people to refresh the page and see edits at the top* + +**Historical supports and resistances:** + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 156.5, 162.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256.5 + +**Edit 15 4:00PM:** + +Closing around 140.79, down 0.21%. Overall a sideways and pretty quite day. + +See you all tomorrow! I'm looking forward to the end of the week. + +**Edit 14 3:55PM:** + +TTM Squeeze at 15 minutes seems to indicator a pre squeeze consolidation. Note the red dots. + +https://preview.redd.it/359z8nc8xzs61.png?width=2193&format=png&auto=webp&s=cf8fa753584cbfb49b622764a241b5cffd1b03f3 + +**Edit 13 3:01PM:** + +Power hour stream. + +[https://www.youtube.com/watch?v=C-bDZzr0thU&ab\_channel=WardenElite](https://www.youtube.com/watch?v=C-bDZzr0thU&ab_channel=WardenElite) + +**Edit 12 1:59PM:** + +So far in my opinion, the play is going as expected. + +**Edit 11 12:51PM:** + +There is a strange amount of short Puts at the 100 strike. Could either be CSPs looking to buy in after a predicted crash to around 100, or could just be someone farming premiums. Hard to say for sure. + +**Edit 10 12:49PM:** + +**zzZZZ...** + +**Edit 9 11:17AM:** + +680 strike Calls were bought today, expiring around October/November. I'm thinking it could just be a way to deal with theta time decay. The further OTM Calls have issues with time, so if the strike date is placed further, it helps a lot, though at the expense of less leverage. + +https://preview.redd.it/9zz7fvdpjys61.png?width=2486&format=png&auto=webp&s=7b3bb3125402473c7a2318a2208788729d089b7e + +**Edit 8 11:15AM:** + +Bid ask spread getting tighter. We're trading tightly above VWAP. Volume <10k per minute candle. Expect a bit of sideways action for midday. + +**Edit 7 10:38AM:** + +Slight megaphone pattern followed by a pullback to the 140 support. + +https://preview.redd.it/ek701bzpcys61.png?width=2142&format=png&auto=webp&s=26ef6403472195c4e727ba0327778b6c11b4181c + +**Edit 6 10:26AM:** + +Wow. Rally to 145. Around 100k volume per minute candle. Somebody bought a ton. + +**Edit 5 10:08AM:** + +Couple Puts bought around 135 strike. Nothing major. + +https://preview.redd.it/gbmv4lce7ys61.png?width=2448&format=png&auto=webp&s=61810724252b212916123f0e0a0997debe362fbe + +**Edit 4 9:58AM:** + +Slight bounce around 132. + +Notice the slope of the stock and OBV has decreased. This is a bullish sign imo. + +https://preview.redd.it/feojy5zm5ys61.png?width=2141&format=png&auto=webp&s=80cbe94226c7ec9f991c1c34eeef8986d33af1d0 + +**Edit 3 9:37AM:** + +At this rate, we may even reach the 132.5 support. + +**Edit 2 9:31AM:** + +181k volume first minute candle on Webull. Another low volume day? + +**Edit 1 9:28AM:** + +Possible bounce around 9:50AM at 138 support. + +https://preview.redd.it/sm8xky970ys61.png?width=2136&format=png&auto=webp&s=f2019516ec72eaec4692c35bbbdd3180e2c2d7e9 + +# Begin Reading Here + +Gooooooood morning my space astronauts! + +So... McDonald's day is 4-15. + +https://preview.redd.it/1ijwg3frxxs61.png?width=680&format=png&auto=webp&s=e6c40751bd065daa9dc3da537e1b236b0dd4c566 + +Guess I won't mind waiting two days to, cough\*, celebrate McDonald's day. + +Anyways, I don't find it surprising that Sherman got the boot. The Activist Takeover is going just as planned. The transformation will take time. Those DTCC rules being fully implemented will also take time. But patience is often rewarded. + +Link to my stream: [https://www.youtube.com/watch?v=SuwCsyFbsLg&ab\_channel=WardenElite](https://www.youtube.com/watch?v=SuwCsyFbsLg&ab_channel=WardenElite) + +# Premarket Analysis + +Net sideways in the premarket. Nothing too interesting. + +https://preview.redd.it/6s0bof0gyxs61.png?width=2146&format=png&auto=webp&s=7baa08d04b00d73357771aececa201e56e26e902 + +Yesterday's volatility brought IV up a tad. Nothing too crazy though. + +https://preview.redd.it/u8ez9j98zxs61.png?width=2185&format=png&auto=webp&s=f9d0fe2b79436a2fc9c1f4e295e8e6cfeeb46fd6 +I just wanted to throw this out there in the middle of the outrage, in the hopes that someone can take it in and strategize, rather than be upset. Worked @ Merrill as an analyst from ** - **. + +I also like to keep it concise so follow along. This ain't a fucking Qanon fan fiction. + +Disclaimer: I own GME. This is not financial advice. This is just some dude chatting with his old buddies. + +--------------------------------------------------------- +1) **Robinhood, restrictions, suppression**: + +When you place an order through RH, Citadel or some other HFT front runs your trade and pockets the spread; However, the transaction is not complete. + +Enter: Clearing house. The clearing house is the intermediary between the counter-parties. Because they stand between sellers & buyers, they have very defined levels of risk, risk management and regulation to be in front of. The clearing house is who gives you the "title" for your shares, the folks who make it official. + +**What Likely Happened**: The risk department retard @ the clearing house, who does jack shit all year other than flag Stacy's trade so he can get some face time with her runs to the C-Suite frazzled; He has looked at option open interest expiring this week, has done the math and there simply isn't enough float for GME in anyway, shape or form; turns out WSB is printing out their stock certificates and burying them in the Mojave Desert. It's simply not enough. + +In addition, they got a Snapchat from SEC/OCC which said hey, if you fucking keep selling open positions, you're on your own; we ain't gonna help you. SEC is sneaky like that; they like sending messages through the backdoor, not the front because they used to be hedgies themselves. If you're not following, Front door is making a public statement while the backdoor is a threat sent to an intermediary who you and millions of investors don't even know exists. + +So, they call up the risk department at RH and tell em to stop fucking selling GME, there simply isn't enough float, the SEC told the clearing house they're on their own and who tf is gonna take the blame/liability if there's a "failure to deliver"? + +--------------------------- + +2) **Failure to Deliver**: + +Failure to deliver means that one of the counterparties (in this case, the firm who sold you the option, RH or the clearing house) has failed to deliver you a contractually obligated position, profit or certificate. Since there's no float and ITM calls get exercised by HFT bots at the end of the day, how in the fucking hell are they gonna deliver the option holders their contractually obligated merchandise if there is no merchandise to be delivered? There simply isn't enough for everyone. + +It has been on the FTD list for a month already. Thousands (or possibly hundreds of thousands) of failures to deliver = big risk + + +--------------------------- + +3) **Liability**: + +You must be asking so what? Fuck them; They should be the ones figuring it out and they gotta give me, the customer, the right to choose or whatever the fuck; That sounds great in a boomer fashion but it's not that simple. Robinhood is contractually obligated to deliver you those shares or positions. If they fail to, they become liable for any losses or profits that you may have endured and they will LOSE in court cause they FAILED to DELIVER. How many people have options on GME on RH? Half? Imagine if half of these fine RH customers were legally owed benefits and they were engaged in DDoS style lawsuits involving Robinhood or the clearing house. There would be no Robinhood left. There would likely be no clearing house left. + +Robinhood is also a shitshow of a company, so they likely didn't even have additional collateral to put up to the clearing house for normal share buying and selling on the meme tickers and since they bank with T-Mobile, they had to pull the plug. This lack of collateral from Robinhood is important to note because the "music" never stops, trading low float/volatile shares just becomes much more collateral heavy on the side of the broker. + +Hence: Bad Decision > Bankruptcy or worse (WSB finds Vlad's mom and becomes her boyfriend collectively) + + +I personally don't believe it was out of malice or a coordination for RH; there's definitely coordination all around, but occam's razor says this is not such an ordeal. + +--------------------------- + + +Couple of semi-related notes: + +-Fuck Billionaires. Parasites of modern society, simply existing to leech off every slurp of alpha and take up resources meant for billions of poor people. Something is needed. Whatever is needed to discourage hoarding of resources of this tiny fucking planet. + +-I very much doubt that Ken Griffin and Citadel (the HF) would engage in blatant market manipulation or coercion of Robinhood or other brokers to make a few bucks on Gamestop or AMC. They cleared over 6 billion net last year, so just logically, it seems pretty unlikely to risk it for this. It is also very unlikely that Citadel Securities would engage in illegal behavior for the profit of Citadel, simply because it's such a money maker. If you were an evil genius, would you let your money maker go to shit because you were getting squeezed on some short? + +-The media just wants clicks and engagement, so they will bring the worst people on, simply to pad their own bottom line. Don't get engaged. Don't give in to them. Be the captain of your own ship and fuck over wall-street however you please. + +-The restrictions on the others tickers is likely proactive, not reactive. + +- **TL;DR**: There's simply not enough float and the broker/clearing house will fail to deliver on a large scale if they keep letting new positions be opened, hence restrictions. + +- **What will happen now**:Based on my previous short squeezes, all this gamma has to go somewhere and since there's not enough float, I'm guessing up. + +edit (2/1/21): Thanks for all the awards. I exited on Fri open. Now GME is likely in a holding pattern to crush IV. Best of luck to everyone. +Hey fellow traders! I've been answering a lot of questions on walls from new traders recently, and I've been seeing them talked about regularly in the daily. It seems that walls get more attention than TA or fundamentals, and that prompted me to write this post so that those who are learning can get a better understanding. + +**What is a Sell/Buy Wall?** - Every exchange is simply a listing of bids and asks, called an order books, connecting buyers and sellers. There's really very little difference between Poloniex and Craigslist, in this regard. Suppose you went to Craigslist to buy or sell Ether. Unlike a couch, you don't care what shape the Ether is in, because every Ether is the same. On Craigslist, there would be a listing for those people who want to sell, and for those who want to buy. These are the buy/sell sides of the order book. Of course, since all Ether are the same, you would sort this Craigslist only by price, because it's assumed you want to buy the cheapest or sell to the highest bidder. There may be 2 Ether for $390.05, six Ether for 390.06, etc. If someone wants to sell for $400, they'll have to wait until people buy all the Ether that's cheaper before anyone buys their Ether. But suppose a lot of people want to sell for $400, or one person wants to sell a lot for $400. Either way, this would mean that no one will buy for a higher price than $400 until all of that $400 ETH is bought up. This is what we call a sell wall. + +**Depth Charts** - Depth charts simply create a visual representation of the order book. The X axis is price, and the Y axis is the number of tokens on the order book for that price or better. In our craigslist exchange, if there was 1 ETH and $390, and then one at $391, and then the next lowest order was 100 at $400, my depth chart would plot 1 on $390, 2 on $391 (1 at $391, plus the one at $390), and then 102 at $400 (100+1+1). That large number of Ether at 400 look like a wall. The next order for 2 Ether at $401 will not be sold until those 102 cheaper Ether are sold first. + +**What walls mean, and what they don't** - This is vital. Walls can give you information about the market, but you must always take them with a grain of salt. Walls can push the price, and are likely used to manipulate markets in some cases, particularly with lower market cap altcoins. Say I go up on our Craigslist exchange to sell an Ether. I wanted to sell it for $401, but I see that big old wall, and I think there's no way all of that is going to sell today, so instead, I set my price at $399. Other people will do that, too. This is how walls are used to manipulate markets. Selling 100 ether at a cheap price in order to buy Ether at a cheap price wouldn't make much sense, but if I can use that wall to encourage other people to sell cheaper, I don't have to sell any Ether myself. **However,** this sort of manipulation is very hard with a coin like Ether. There are too many exchanges with too much volume. I could hold the price down on GDAX, but when Polo, Kraken, Gemini, etc all rise above my sell well, my sell wall will get eaten in a second for arbitrage (someone will buy my wall just to sell it on the other exchanges for higher, and I'm hosed). Most of the time that you see a sell wall in ETH, it's not manipulation. So what is it? You have to remember that just as you can delete your sell orders and move them to a different price, so can the guy with 100 ETH, and that guy will do it. Walls are not fixed. Many of them are set in place by bots that can move them quicker than you ever could with your mouse and keyboard. Instead of setting them up at $400 as a fixed price, they may be at $5 over the current price, whatever that may be. If someone places a large order all at once, the wall will catch the price spike, and flip that back around to buy back in cheaper. The wall might also be set here to do the very arbitrage we were just talking about, set at a certain price based on the price on another exchange, in case the two exchanges diverge. If you assume that wall is fixed, you're going to lose money. Look at the charts. Do you see a lot of points where the price seems to hit a hard ceiling or floor? It happens, but rarely. Mostly, the charts look as though the price was fluctuating freely. That's because the walls people are always talking about are very rarely being touched. It's as though they don't exist. +Everyones saying its a Kangaroo market now. Us Americans have no experience with that shit so I come here for guidance. + +Teach me the ways of the Kangaroo so I can get some vegemite tendies! +Just days after Jack Dorsey's resignation as CEO of Twitter, Parag Agrawal is pushing for increased censorship on negative topics regarding certain US elites. With Dorsey - known to be an avid opponent of censorship on the platform - gone, Twitter seems to have gone into an entirely new direction. + +The topic is covered extensively on [Breaking Points](https://www.youtube.com/watch?v=VcUhYKEcZ-8), mentioning the suspension of the Nancy Pelosi Portfolio Tracker - which did nothing more than give an objective overview of Pelosi's trades - as well as accounts covering the Ghislaine Maxwell trials. + +What do you think will be the effect of this shift in company policy on the business? Will it kick off a decline in the platform's popularity as users move away from censorship or will it allow them to increase profits as it gets policy makers on their side? +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. + + +ARB have announced a private placement with US institutional investors, see link below: + +[https://www.londonstockexchange.com/news-article/ARB/private-placement/14829631](https://www.londonstockexchange.com/news-article/ARB/private-placement/14829631) + +For those that have been under a rock and may have missed my earlier posts, ARB made record revenues and PROFITS from last year and is forecasted to do even better in Q1 and Q2 of 2021. The important part to see in the RNS is this: "The net proceeds of the Private Placement will be used by the Company for working capital and general corporate purposes, including the expansion of the Company's mining capacity in Q1 and Q2 of 2021". For some context, their Petahash was around 645, they recently increased this to 700 with new leased machines, and now with this breaking news, they will be increasing their Petahash to 1075 by end of February and 1685 Petahash by end of Q2. For anyone who may not understand this, all you need to know is that this expansion is big!! I expect a small dip (due to this private placement(, but then also expect a steady rise (due to mining capacity being increased) as the weeks/months continue. + +For people saying, "why do people always post tickers that have shot up 400% in the last week?", well here is a ticker that has actually down (17%) the last week. All-time highs were 135p and now it is trading around 95p. This was mainly due to people taking profits after getting in around 70p and I suspect this private placement. The stock has now consolidated forming nice support around 90p. This could be a good time to get in now as I have a feeling the price won't get any lower. + +Disclaimer: I own shares (not saying how much) at 6p and I've been averaging up (15p and 30p) as the fundamentals/share price improves. + +Just to finish, I am not advising anyone to buy this stock. You have to do your own research. Just wanted to share (in my opinion) a really good stock that I am long-on. +I already have a Chase banking and savings account so I am leaning that way, but I always hear high praises about Fidelity as well. Any advice that might make the decision a little more clear is appreciated! +This is a commonly held belief at least on this subreddit if not in other corners of the forex world. Frankly I think it's ridiculous, I'm going to tell you why I think that, and this being the internet you can tell me where I am wrong. +The kernel of truth here is that if you have some secret formula you don't want to give that to everyone. That makes sense because you worked your butt off for this skill and you don't want to give it to everyone. Does this mean that you will never teach anyone anything? Does this now mean you can't even impart the basics and some tips and things to avoid? Of course not. Successful traders could impart some portion of their skill quite easily. + +So what would motivate a guru, educator, youtube personality? I can think of a few reasons form positive, to negative, and neutral. + +**Negatives:** + +Pure greed is top of this list. How much money do you want right now? How much would you be satisfied with right now? The dirty secret is that once you get there, it is extremely easy and common to move the goals. You suddenly want more, you have expensive tastes, or friends that you need to keep pace with. Google "lifestyle creep" if you want more info on that. +Here’s another one that lies in all our hearts: ego. You want to be praised, you want to be told you are so smart, you want people following your every word. Especially common with youtube types and less with 45 year old finance nerds vanity publishing books with Wiley. + +**Positives:** + +Let's say you have an amazing system but you have no capital. What's a person to do? Prop firm is one way, another is to sell a portion of your knowledge via books and videos to get cash. This could be a motivator. + +How bout this one, someone who changed their life and wants to help others do the same? What a concept huh? If you can’t imagine this person existing you are in a dark place my friend and I hope you can get out sometime. These people may be rare, but I will not say nonexistent. + +**Neutral:** + +I have a family member who has a doctorate in psychology, and wrote a book on the psychology of retiring. One of the main points of that book is that people who think they are going to retire and just watch TV, play golf, and day drink are in for a bad time. Depression is very common in these types and they usually just wither away and die. Human beings need a mission, we crave challenges, and we need a reason to get up in the morning. If you are a wildly successful trader with no job to go to and you trade an hour a day, you really need a job or hobby. Producing forex videos and content is an option. + +Last thought is that there really isn’t a secret to give away. I have listened to literally days of interviews with traders and there is a common theme that they talk about: the mechanics of trading is easy and the psychology and discipline is hard. That means the strategy we spend so much time worrying about is actually not that important. Go grab the damn trading rush macd strategy and only trade with that for a month. Maybe tweak it a bit and you will learn everything about it. I will bet that that strategy is good enough for you to retire in a few years. + +So how can you tell the motivations of some rando forex dude on the internet? You can’t. Some are downright frauds and some are just bored and trying to help. You can be super paranoid or you can buy your ticket and take your chances. But assuming no on successful will ever impart any wisdom is ridiculous. +***Apes. Apettes. Hear me out on this one...*** + +GME does not need exposure from Joe "bro science" Rogan or anyone else in MSM. (More potential for market manipulation accusations in my opinion.) + +Look at our top players DFV and Dr. Burry... They let the DD speak for itself. + +I've been laying low since January and I'll be damned if the male version of Gwenyth Paltrow is gonna fuck it up for me or anyone else. + +Just buy and HODL. Please and thank you. + +*EDIT: Thank you to whoever gave me the All-Seeing Award!* +The recent tech stock selloff threw a lot of people off guard. Just 3 months ago in November 2021, every growth investor looked like a genius. Then, suddenly many growth stocks went down more than 50%. This post( [https://www.reddit.com/r/wallstreetbets/comments/swwvyt/when\_the\_stocksmarket\_will\_crash/](https://www.reddit.com/r/wallstreetbets/comments/swwvyt/when_the_stocksmarket_will_crash/) ) is a good summary on the damage done to the individual high growth stocks. My portfolio also suffered quite a bit. The index portfolio went down 5% and my concentrated portfolio is down 20% from the peak. It’s unclear how much my startup investment portfolio dropped as it is illiquid. But relatively speaking, I believe my loss is pretty average among tech investors. My diamond-hand friends used to make fun of me for being too conservative i.e. no margin debt, paid off mortgages and an absurd amount of 60/40 balanced (\~$30m) portfolio. I had to tell them that I don’t want to take too much risk for the profits I don’t need. I made my life changing money and I intend to keep it that way no matter what happens. + +Overall, this selloff doesn’t really matter to me. My family’s expenses are fully covered by dividends from my index portfolio with quite a bit of margin of safety. I did see a few tech stocks become quite cheap and I wondered if it’s time to buy the dip. The stock picker in me wanted to go for it but after some careful thought, I decided I don’t have to be involved. My time and attention should be focused on what matters to me, i.e. startup investments, programming projects, family. Also, what do I really know about the stock market? This market can go down another 20-40% or it can rebound 20-40%. My knowledge in the tech sector doesn’t really translate to public equity. I will just be gambling if I try to time the market. I am not gonna lie. There’s a very strong urge for me to want to buy the dip because I want to be right and be the diamond hand. But there are times that I need to protect my money and my time from my ego. This is the definite moment to sit on my hands being an observer instead of a participant. + +I do see people get into trouble now by getting deeper and deeper into margin debt because they are so used to winning in the stock/crypto market in the past decade. But for people who have experienced the dotcom bubble, we all know the market can be brutal. For the same reason some stocks can fly to unthinkable highs, they can crash down to unthinkable lows. Your fundamental analysis or technical analysis or ability to predict the future doesn’t matter if the companies you invested in go bankrupt or lose most customers in a recession during a liquidity crisis. There’s so much uncertainty tomorrow. It’s okay to take some risks. But it’s never a good idea to sacrifice your financial security to get the dopamine highs of being right. + +This down market is a great time for me to reflect on what FatFire really means. To me, FatFire is not about being able to afford a luxurious lifestyle without working but about being able to focus on living a peaceful life without worrying about money. I spend way too much time thinking about money while I should really direct all this energy to more creative pursuits, time with friends and family and giving back to my community. The market volatility may impact my ability to make startup investments (if my concentrated portfolio goes down another 50+%), which is my supposed day job. But since my original motivation for making these investments is to put the excess capital into good use, this downtown could actually solve the excessive capital problem for me. If I can free up the time spent making these investments, it could open up other possibilities. I could travel more, program more, write more, think more, exercise more, catch up with friends more, etc. I don’t know what’s going to happen tomorrow but I am confident I will still have a lot of control of how I spend my time and we will have enough money to live on. If the stock market crashes further, I might no longer be a hectomillionaire but it’s just paper loss. It will not affect how I live my life. + +I know there are people out there who still have most of their net worth tied up in individual stocks or crypto. Barring special circumstances, my suggestion for these people is to take some chips off the table. If what’s tied up there is a life changing amount of money, diversify it into a balanced portfolio. Don’t sacrifice your financial independence for money you don’t need. Freedom is priceless. +This question is intended for medical professionals, though others are welcome to answer. + +&#x200B; + +Deciding when to order tests or interventions is usually a balance of symptoms/patient presentation, possible false positive diagnoses, risk from the test (if any - example would be radiation exposure), and cost. Imagine that the cost constraint was removed. Would you order any tests or interventions (healthcare programs) that most people don't receive? + +&#x200B; + +Stated another way, imagine you had to spend $25,000/year to try to detect and prevent high-impact diagnoses like late-stage cancer (show up with a small pain and find out you're going to be dead in a year) or heart disease (show up with heart pains) in yourself. Are there any tests or interventions you'd consider? + +&#x200B; + +Assume the patient doesn't have any symptoms or family history and already does the basics (regular exercise, non-smoker, no/light drinker, healthy BMI, check-ups), and is the US median age of 38. Basically, you're looking for early signs of problems while the patient is either completely asymptomatic or not presenting with anything noteworthy. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +edit: i wrote this post at like 3am when i was stressed afff and i did not realize how much attention this would get, i thought it was just gonna 8-9 upvotes and then buried. THANK YOU FOR THE AWARDS AND MOTIVATING COMMENTS i’m reading all of them right now + +First gen american, First gen college student, My entire family does not have a retirement fund or invest. + +I’ve been living in government housing for 13 years (21 soon) and the environment, the dull, flickering lights, the overdue bread and canned food combo is a mental killer. god I can’t wait until I get out of here and see the sunlight; living here feels like a time fog. + +College/school is super challenging for me considering I finished highschool with a 2.1 and i’m now pursuing Robotics Engineering of all degrees... (complaining but i still love it, i can literally spam about engineering until i die) + +Scrubbing moldy chicken off plates and cooking all day helps me buy stocks so, hopefully, i’ll never have to do it again + +It’s really hard looking at statistics of broken/poor families and the rate of success they have. but I am working on being the anomaly that goes from >99 percentile to at least top 10 percent + +Despite the rant/vent, I think LIFE IS DOABLE and it’s possible I can be well-off in my 40’s, I am actually very optimistic for the long term future even if my chances are slim, I’ve seen my family sit on the sidelines and say “this is fine” for too long, I don’t want to just be comfortable, I WANT TO BE HAPPY WITHOUT THE STRINGS OF FINANCE PULLING ME DOWN + +edit: I just woke up and didn’t expect this to get so many upvotes overnight (and i’ve never received awards before so this is pretty cool) so far i’ve seen a lot of nice comments thank you!! + +last night i barely slept because of stress but these comments will keep me through today THANK YOUU + +edit: I CANT READ EVERY COMMENT BC I GOTTA WORK BUT WHEN IM OFF WORK ILL READ EVERY COMMENT THANK YOU GUYS FOR THE SUPPORT AND UPLIFTING WORDS +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. +Hi, I am 28 years old, in graduate school and making ~15k/yr. I'm married, but my wife doesn't have an income. I just inherited ~275k and don't really know what to do with it. I've been reading and trying to get a better idea about how to invest it, but have a lot to learn. + +More or less what I am thinking now is we should put aside 6 months expenses and invest the rest of it. I had been looking into vanguard, but am open to whatever is the best option(s). Another question about vanguard is, are you able to set up monthly withdrawals on the interest? Our budget is pretty tight so if that was possible a little bit of additional income would make a huge difference. This would only be while I'm finishing grad school, but I'm not sure if this is a bad idea due to taxes or other reasons. I'm not entirely sure how a Roth IRA works or if I am even able to contribute to one due to the nature of my employment, I don't have a 401k or anything like that through my employment either. + +The only debt we have is student loans (between the two of us about $40k) and a car with less than $2500 left on it. I'm not sure if it would be in our best interest to pay these off and invest the rest or continue just making payments as we are. + +I'm open to any suggestions or advice on how to invest it, what the best way to do that is, etc. I am also looking to set up a meeting with a fiduciary advisor for a one time meeting while I'm setting all this up to make sure I'm doing everything correctly. I havent been able to find one yet, but I only started looking yesterday. +Hi guys! + +Need some help here. + +To my understanding, compound interest simply is interest gained on interest, in other words if a $100 gets $10 as interest in the first year, the second year I am going to have $10 interest on my original $100, and an extra dollar on my $10 earned in the first year. + +&#x200B; + +If I am getting this right, This means that I need to cash out my earnings from the first year, then reinvest the whole amount to be able to get the extra dollar in the second. + +Now, I hear about passive investing in index funds, leave it, keep adding to it and that it will grow based on this compounding interest concept, however I fail to understand how am I going to achieve this compound effect in the second year if I did not sell my position in the first year to cash out my gains + +The only compounding happening in the above example is my continued payments, but in reality, I am not gaining interest on my gains + +Am I messing something here, or how does it work +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! + +My dad is 72 and has never invested before. I recently found out he has a fairly large amount of money in his chequing account which doesn't make sense to keep there especially with the rising inflation we're seeing lately. He is okay with investing some of that money now and has given me the autonomy to decide where it goes. I'd like to take a portion of that money and set it aside as an emergency fund. The remaining money is money he won't need for at least 5 - 10 years. + +&#x200B; + +The remaining balance would either go into a low-cost all-in-one ETF such as XBAL/VBAL, XCNS/VCNS, or a Robo Advisor. He banks with BMO so if we were to go the Robo Advisor route, we'd be going with BMO's SmartFolio. BMO also recently introduced no commission ETFs and the all-in-one ETFs I'm thinking of are eligible for that. He took the Vanguard Investor Questionnaire and his results determined a 40 Equity/60 Bonds split would be good for him due to his age and investment time horizon. + +&#x200B; + +I'm leaning towards doing a lump sum investment into an all-in-one ETF, but the Robo Advisor sounds pretty good as well due to the simplicity, though the fees are much higher (almost x3 higher). He is on a fixed monthly income which consists of CPP, OAS, and GIS. He will not be making an monthly contributions. + +&#x200B; + +Just wanted to get your thoughts and see if this approach is a good idea or if anyone else has been in a similar situation. Thanks! +Most ppl do not think this unicorn exists in the market. Two days ago i was speaking with a former investment banker. Fast forward to the end of the convo: he shit himself when I told him about these parts. Then i told him it was Gamestop. He about died at the bar. Not kidding. He also stilllll doesnt understand crypto and was asking why noone regulated it (Bit and Theri are both regulated by sec). I asked him if they regulated him and his team in 08 or if regulation was just to make ppl think stuff was being watched. He laughed and said touche. Anyways. Merry Xmas. When the “smart money” realizes whats going on 🚀 cuz it is a layup when you look at the data 😂 + +Hedgies are fukd + +Edit: yes the small low interest covid loan from the french gov. Exists but is almost free money. + +He worked for a prime. B. Ohhhhhh Ayyyyy + +Edit 2: Cash, cash equivalents and marketable securities were $1.042 billion at the close of the third quarter + +https://investor.gamestop.com/news-releases/news-release-details/gamestop-reports-third-quarter-fiscal-year-2022-results +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. + +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! + +We've owned our land since the very start of covid. We paid $330k for 1 acre in Ipswich. Around 40minutes to the Brisbane CBD. The bank has since valued that block at now $770k. I'm not complaining, plenty of equity to use for a construction loan. + +It's the cost of building a house that has shocked me. A 320m2, 4 Bedroom acreage-style new build is set to cost us $650,000+ - The current plan has been to sit on the land and pay that down as fast as we can, it currently sits at $270,000 owing - meaning if we take the build on now, we're looking at a $920k mortgage. The neighbour's house has just sold for 1.1M, so I don't feel we're over-capitalising but I do worry that as the construction industry slows, the $650k we're being quoted now is going to drop substantially in the coming year or so. Or is the general consensus that this is the new norm? + +I am also feeling the pressure as our lending power is slowly being eaten away by rate rises. So if we don't pull the trigger now, we may not have the capacity to take on an additional $650k of debt. +I wasn't sure whether or not to flair this as housing or planning. However, next year I'll be 19 and due to some personal matters I'll be moving out with 3 of my close mates. We're all relatively responsible and by then we'd most likely be cumulatively earning \~150k per annum. We were planning on renting an $800 p/w house. Since I'm naïve, I feel like there'd be no issue in the matter. It'd be easily affordable, and there'd be zero downsides involved. It's just, I feel like it's too good to be true. Having "zero downsides involved", therefore I'd hope someone can pitch in 2 cents and enlighten me on matters to be careful about. So I guess my question is, what are legal/financial things I should take into account? I currently live with my mum and have no knowledge on housing. Would it not be as simple as paying $200 a week, buying groceries and the occasional electricity/water bill? + +### +First off, I understand no replies to this post will be financial advice. + + +My parents bought a house for 350k in 2005, it went up to 400k and then tanked (like everything else) to 290k. Right now it is appraised at 450k, and I think they should sell. Its their second home, and they spend maybe 20 weekends a year there. They would profit about 230k, and can hold that cash until the market goes down to buy 2-3 investment properties. Is this something you would advise your parents to do? + + +Just looking to see if I am thinking in the right direction. +Not taking your kids to the store with you can help save a little bit. Both on money and from beating yourself up due to financial inadequacy. + +Dollar Tree is our go-to place for a lot of necessities and sometimes even food. We've purchased bread, cereal, pasta, 24oz cans of sauce, juice, gallons of drinking water, and hygiene items there in the past. We're not big on name brands for most things so long as what we buy serves it's purpose. We were down to our last five dollars and we're low on food in the house. The little ones immediately lit up at the toys and games, wanting one thing each. Normally, I'd hoard coins and when I had 2 bucks, I'd reserve that for those Dollar Tree trips so we don't buy anything we don't need out of our regular pool of funds. Even when you're making a decent amount, you budget for frivolous items. My husband gently explained to them that we couldn't get them anything this time. We already had to buy toilet paper and were down to just apple juice, a pound of ground beef, and white rice at home and I forgot the coin bag. They had a melt-down that usually comes with being overtired. They cried all the way back to the toy aisle to put their toys back and cried all the way to the register. A lady felt bad and told them to pick their toys and she'd pay for them because seeing them cry broke her heart. I had to hide down an aisle to cry, myself. I made sure the babies said their thank yous and we did the walk of shame back to our car. + +Next time, either my husband or myself will go to the store to get *needs*. I'll leave them at home so they can rest, so they can play, so they can be occupied. So I don't have to feel defeated all the way home for not being able to get them *wants*. + +***Edit/Update:*** I honestly had no idea this was going to take off the way it did. Thank you all for the advice and kind words. To the person that gave me the gold, thank you! It's my first so I'm still in a bit of shock. <3 + +Budgeting, saving, and weighing needs vs wants is definitely something we're going to instill in our minions. I'd rather they have a healthy view and be prepared, than have to go through baptism by fire. The hubby and I are taking part of DOL workshops, VA workshops, and any vocational paths so we can be marketable and get better jobs asap! I'm seeing Behavioral Health to keep the depression at bay. Life takes no prisoners. >.>;;; +UPDATE: New FTDs and SI are available for early april. All figures have been updated and some text where relevant[.](https://preview.redd.it/8r7jsff0icw61.png?width=4500&format=png&auto=webp&s=65356fa29f7d2a67acf0ec97f17bbed432d74b07) + +In my recent post [The naked shorting scam in numbers](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/) I looked at options activity that could be used for mass naked short selling (Deep ITM calls and married put trades) and weird OTC trade data for GME in 2021. Since then I've taken another look at the ETF data to help complete the picture. + +**TLDR**: Short positions were shifted from GME to related ETFs after the Jan mini-squeeze. XRT and IWM were the ETFs of choice in Feb, in march dozens of ETFs have been used. As reported SI decreased in GME the ETF IWM had simultaneous increases in reported SI. Total value of reported SI (GME + ETFs) remains as high as ever at 27+ billion dollars owed. Hiding FTDs and SI in ETFs must be massive ball ache and does nothing to solve the short problem. + +*^(Note: this is not financial advice. I am not a cat. I gathered some data, made some figures and tried to understand them. Any number of my interpretations could be flawed and wrong. Do your own research, make your own mind up.)* + +# Introduction + +Back in Feb the apes felt cheated. Robinhood and other brokers blocked retail buy orders at the end of Jan 2021 and GME price crashed back down. The media claimed GME was over. Other subs and paper hands laughed at the 'bag holders' and I can't have been the only one to think maybe I was crazy to be hanging on. That was until the DD started to flow and we found shorts shifting their positions to ETFs. + +DD apes like u/ahh_soy started to find [massive short interest in GME containing ETFs](https://www.reddit.com/r/GME/comments/ljwo3v/serious_researchers_needed_now_i_think_i_know/). XRT was a main EFT of interest back in Feb. Here is a [Baron's article describing how ETFs can be used to short specific stocks](https://www.barrons.com/articles/synthetic-shorting-with-etfs-1488206009) and another [academic paper for further reading if interested](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2836518). + +With all the great DD work since then we now know that GME short positions are almost certainly being hidden in ETFs and using different types of options fuckery. I left out analysis of ETFs in the past because it can get complicated but a [recent post](https://www.reddit.com/r/Superstonk/comments/mvvmvp/time_to_expose_the_shell_game_ftds_can_be_reset/) by u/augrr inspired me to take another look. + +# ETF Fail to Delivers + +I selected GME and 19 ETFs containing GME. I chose to only look at the ETFs that contain the most GME shares and had large numbers of FTDs in 2021. + +&#x200B; + +[Total FTDs for GME and selected ETFs in 2021 with GME close price overlaid.](https://preview.redd.it/8r7jsff0icw61.png?width=4500&format=png&auto=webp&s=65356fa29f7d2a67acf0ec97f17bbed432d74b07) + +Notice in this plot that GME made up most of the total fails throughout Jan 2021. As price spiked during the Jan mini-squeeze GME FTDs decreased but FTDs in all ETFs spiked. + +Interestingly XRT and IWM had the most fails throughout Feb. After the apes learnt about XRT and IWM fails at the end of Feb FTD fails started to be spread across a multitude of other ETFs. If managing FTDs in GME was a pain in Jan imagine the poor fuckers who now need to keep a lid on FTDs across 20+ GME containing ETFs. + +Edit: Early April data now included. IWM again seeing the most fails of all the ETFs but FTDs continue to be seen across many of the other ETFs. + +&#x200B; + +[Total Value of FTD fails for GME and selected ETFs in 2021 with GME close price overlaid.](https://preview.redd.it/nb4p4mq2icw61.png?width=4500&format=png&auto=webp&s=0bfc03d39c23f228f289b972fbca0d555632591f) + +This plot is similar to the previous one but now looks at the total value of FTD fails in dollars. Here we see that even though GME FTDs were very low in March the total value of ETF fails was comparable with the total fails seen in early Jan. + +Could the massive spike in IWM fails at the end of Feb be what led to the price run up in early March?? + +&#x200B; + +[Total FTDs for GME and selected ETFs since Jan 2020 with GME close price overlaid.](https://preview.redd.it/01feidw6icw61.png?width=4500&format=png&auto=webp&s=71cbe0f0112fa2b72eccd32950334f5c98a8c1d7) + +Here we see the GME and ETF FTDs since Jan 2020. Because there has been such an exponential change in GME share price over the last year I'm using a log scale here. + +&#x200B; + +[Total FTDs for GME since Jan 2020 with GME close price overlaid.](https://preview.redd.it/fqkc18s9icw61.png?width=4500&format=png&auto=webp&s=a4bfa72910ed35de96684b6f16b7730adbaa3451) + +[Total FTDs for selected ETFs since Jan 2020 with GME close price overlaid.](https://preview.redd.it/8dbke22cicw61.png?width=4500&format=png&auto=webp&s=af50d6cc11489c5a41bc1d949005aafd2153fb30) + +These 2 plots are the same as before but just separating out GME and ETF fails to make some of the observations clearer. + +A few things of note: + +1. GME FTDs (light blue) emerge in 'clumps' with many fails over successive days +2. The time between GME FTD clumps can range from a few weeks to even a few months before exploding again (relatively few fails between May and Sept 2020) +3. Of the ETFs IWM has the most fails, occasionally reaching 8 million+ shares failed to deliver +4. IWM FTD spikes appear to follow spikes in GME FTDs. The exception being huge IWM FTD clumps in June 2020 despite there being not so many GME FTDs. +5. Fails across all GME containing ETFs have been consistently large throughout March even if GME FTDs were reported to be low. + +Edit: Some further observations. GME price seems to move with spikes in GME FTDs but also often with ETF FTDs. Look for example at big spikes in IWM FTDs and GME price movements in 2020 and at the end of Feb 2021. + +# ETF Reported Short Interest (SI) + +W can also look at reported short interest for the GME containing ETFs. The shorts are completely fucked if they let the true short position in GME be know. This is why they've gone to such lengths to make the GME short position appear so low. However they're unlikely to be able to manipulate the reported SI across all the GME containing ETFs as well. + +These plots take a look at reported SI for GME and the selected GME containing ETFs. + +&#x200B; + +[Reported SI as number of shares sold short for GME and selected ETFs.](https://preview.redd.it/xrmdwd1kicw61.png?width=4500&format=png&auto=webp&s=534ebe05a0257738b5dfd988346ac2d59474cb84) + +The total number of shares reported to be sold short for GME and ETFs remained fairly consistent throughout 2020. At the end of Jan 2021 GME SI was reported to drop significantly but at the exact same time we see an increase in the number of IWM shares sold short. + +Edit: With the new early April data we see even more short interest for IWM then in March. + +&#x200B; + +[Total value of reported SI for GME and selected ETFs.](https://preview.redd.it/9rh6wzplicw61.png?width=4500&format=png&auto=webp&s=956a1e158b5a6381b6492178f75a1b234f9c2b3f) + +With the shift of SI in GME to IWM the actual value of reported SI has not decreased in any meaningful way. Approx 27 billion dollars worth of shares are reported to be sold short for GME and the selected ETFs. + +Edit: With new early April data the total value of outstanding SI for GME and all ETFs is now greater than 30 billion dollars. + +# Bonus: Exponential price increases since RC declared his GME position on Aug 18th 2020 + +[Exponential price increases in GME since Ryan Cohen revealed his GME position.](https://preview.redd.it/ldlw7maf7bw61.png?width=3343&format=png&auto=webp&s=eadce2d1b1650baa6ac6175bc9d5ef716429be53) + +This plot isn't related to ETFs but I thought it was interesting enough to include. + +In the first half of 2020 GME share price remained pretty flat, even slowly decreasing in value. On Aug 18th 2020 Ryan Cohen revealed his GME share purchase. Since then GME share price has increased exponentially. Even with current prices and sideways trading we remain on this exponential trajectory. If this were to continue then prices would naturally reach the realm of a margin call. + +# ETFs with GME in April 2021 + +[ETFs containing GME. Total dollar value of GME and &#37; allocated to GME.](https://preview.redd.it/6z7iur95cbw61.png?width=5400&format=png&auto=webp&s=081c91738218e38a847aae0d08537b98321e3ed3) + +Not much to say about this plot but it contains info on all GME containing ETFs as of April 2021. Could be useful for other people to use when starting a DD. + +# Conclusion + +This data appears to show a shift of short positions from GME to related ETFs after the Jan mini-squeeze. XRT and IWM were used the most in Feb before the apes caught on. Did the shorts then switch to 20+ other ETFs to hide their fuckery again? This is definitely possible as the ETF FTDs seen in March were much larger than typical values in 2020. + +As well as FTDs being shifted we see evidence of SI being shifted from GME to ETFs. The main ETF used here appears to be IWM. Total remains as high as ever at 27+ billion dollars owed. + +The short fuckery being done with ETFs as well as [what we've seen using options trades](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/) paints a clear picture of manipulation on the short side. All of these efforts reek of desperation from the shorts as their only hope of escape is making apes scared or bored. But I ain't going anywhere. ***I like the stonk***. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Edit x: Hijacking my own post to give u/Get-It-Got's post on Sears the visibility it deserves: + +[https://www.reddit.com/r/Superstonk/comments/pgi6qm/talk\_of\_sears\_gme\_the\_hive\_mind/](https://www.reddit.com/r/Superstonk/comments/pgi6qm/talk_of_sears_gme_the_hive_mind/) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +So I was reading this: [https://www.reddit.com/r/Superstonk/comments/pganze/their\_goal\_is\_to\_never\_cover\_their\_short\_ever/](https://www.reddit.com/r/Superstonk/comments/pganze/their_goal_is_to_never_cover_their_short_ever/) + +&#x200B; + +And the interesting part was: + +&#x200B; + +https://preview.redd.it/8ym2pi3ik2l71.png?width=1033&format=png&auto=webp&s=db32fe8fce5114305469a87530bf8deb8be4d985 + +Thankfully there's a TA;DR + +[ And what if those perpetual short positions were all at risk on the 27th so they had to shut off the buy button because we were litterally one day away from MOASS? ](https://preview.redd.it/uoqu2z29k2l71.png?width=1062&format=png&auto=webp&s=b287aa9de4d89e3fb8253b7a8181706c9e102bb2) + +&#x200B; + +And then I saw this... + +&#x200B; + +https://preview.redd.it/bw1tvonpj2l71.png?width=1084&format=png&auto=webp&s=fb46bfbb2370e1ba7bd973b8526802195d330b0c + +So I looked over here: + +&#x200B; + +https://preview.redd.it/ua3seioyj2l71.png?width=1049&format=png&auto=webp&s=4df7ee78dbecd963942ebbde3e7f6d55c9acc37b + +And then I looked at January: + +&#x200B; + +https://preview.redd.it/o15rmzajj2l71.png?width=1376&format=png&auto=webp&s=94d4accec7c0e1e545879941fe10499d5153024c + +And now I'm wondering, did we ever really look at these in January? Why would a dead, delisted company go from 32k to 3million trades? + +&#x200B; + +For reference, GME traded 93 million that day. Maybe retail bought the shares? Unlikely. It took a very deliberate search for me to find the Blockbuster stock. And, it's *delisted*. + +https://preview.redd.it/1w94mp4fl2l71.png?width=643&format=png&auto=webp&s=1fbd66b83f72e47c7ba3c8142814e344271dc0ea + +&#x200B; + +Did we ever really look at Blockbuster in January? What other stocks had a spike in volume on the 27th? + +&#x200B; + +&#x200B; + +Edit1 thanks to u/Get-It-Got : + +Sears traded 300k on the 26th, 6.88 Million on the 27th + +Further reading: [https://www.reddit.com/r/Superstonk/comments/oyw840/something\_about\_sears/](https://www.reddit.com/r/Superstonk/comments/oyw840/something_about_sears/) + +https://preview.redd.it/t1wrll7vo2l71.png?width=1348&format=png&auto=webp&s=d2e67b9e5c0727fffaaf5c27f26ff23dfa41227d + +&#x200B; + +&#x200B; + +Edit 2: u/rabble_rabble311 + +Toys R Us was a mixed bag at the time: + +&#x200B; + +[https:\/\/www.fool.com\/investing\/2019\/07\/23\/toys-r-us-is-coming-back-and-yes-you-can-invest-in.aspx \(yes yes, Motly fool blah blah\)](https://preview.redd.it/ldz6a5m4r2l71.png?width=1217&format=png&auto=webp&s=8393a9d3fe5594680becb4eebe29a0fb208f53d0) + +Toys R Us -- Holy mother of god: + +Mac traded 17Million on the 26th + +&#x200B; + +https://preview.redd.it/fayustbrq2l71.png?width=1356&format=png&auto=webp&s=038dfa8e6eb6f855f8a3d83ca7a87121587afed7 + +Macys traded 37Million the 26th + +https://preview.redd.it/3zhj2ef0r2l71.png?width=1363&format=png&auto=webp&s=f4f1291248a723c34a27c3baf25c27544ff8ac63 + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +Edit 3 Borders: + +&#x200B; + +https://preview.redd.it/bj7yo0i0u2l71.png?width=1090&format=png&auto=webp&s=12745b428270996b47111b430ff69094a0b8ced6 + +BNED traded 800k on the 26th. Their price has moved a lot more, but focus here on the abnormal volume. It went from 800k avg per day, to 2.6million on the 27th. + +https://preview.redd.it/i35s7huwt2l71.png?width=1354&format=png&auto=webp&s=0b94f25a81ccefe4bd72ba9c1764e7e69f717be7 + +Edit 4 u/mcloudnl + +&#x200B; + +Tootsie Rolls + +https://preview.redd.it/mmxjpkmou2l71.png?width=1345&format=png&auto=webp&s=b2c550206ac5e27873af9fc9a4478ecceda1069d + +Edit 5 u/Get-It-Got : + +FIZZ, 700k avg, 2.6million volume on the 26th + +https://preview.redd.it/rfauoye0z2l71.png?width=1342&format=png&auto=webp&s=f45fff608a9b4db6bb1faa291c64fa5b2bbbe647 + +Edit 6: Blue Apron. Avg volume about 500k + +https://preview.redd.it/l9dh0g8yf4l71.png?width=1162&format=png&auto=webp&s=8127868d7aa83ec5b3ae5480ef01ad1605620d71 + +I couldn't find any interesting news for 25 Jan to 29 Jan either: + +&#x200B; + +https://preview.redd.it/ujtue4w3g4l71.png?width=844&format=png&auto=webp&s=bfe880ac57b4f58f336bffd5440c8e8ac044dde1 +I’ll be reading discussions and considering my investments then you’ll see lots of comments like “I’ve got a spare $100 to throw at something, shill me” and so I suddenly realise that a lot of what gets posted is from people with very little skin in the game. I know it’s all relative and I am not meaning to sound arrogant but just yeah sometimes it surprises me when I read so many queries about such small investment amounts because people talk and act like they are talking about much larger sums. +As the title says. I am broke, my partner and I have a combined income of less than 4k a month. Neither of us were able to attend college. We barely make enough money right now to put food on the table. We are on the brink of homelessness. I am a 1099 Contract Worker, and as winter starts to set it, work can get scarce, my fiancé makes around 1200/mo before taxes, but was laid off from her previous job 2 weeks ago, so she took the only job that could start her that day. I drive for work most days and usually drive up to an hour one way, which means I’m filling up my gas tank twice a week, That’s a $300 dollar expense just to make money, our rent is $700/mo. Amongst other things like basic utilities, groceries, etc. We usually only have around $50 combined after paying our rent at the end of the month, we have been without water for over a week, and our electricity will be shut off soon if we can’t make the 400 dollar payment this month, and to top it off my student loans start back up soon. What can I do to turn my life around? I’ll do anything at this point. I get being broke is part of the 20’s experience, but this is just insane. I’m generally very financially responsible and other than the very occasional discretional spending, almost all of our combined income goes to bills. + +Here’s a monthly breakdown + +Rent: $700 + +Utilities: ~$550 + +Car PMT: ~$190 + +Car Insurance: $132 + +Groceries: $100 + +CC Payment: $55 + +Auto Repair Loan: $122 + +Gas for 2 vehicles: $520 + +My average monthly income is just over 2.2k and hers is just shy of 1k. +Maybe not “hoping” but actively colluding, who knows. + +*One more day* was Kenny’s strategy during the 2008 crisis, and that strategy hasn’t evolved. Why would it? Taxpayer money is cheap. + +Let it drop beneath 80: Apes buy and DRS float. Let it rise beyond 150: Marge starts working the phones, towers begin to tremble. + +Their best bet is to try to make GME look like a never-ending, boring as hell waiting game. They are betting on people’s short attention span. + +If only that pesky DRS wasn’t a thing… + +*Edit 12h later: Ken Griffin, who lied under oath, explains his “one more day” strategy in [this video](https://youtu.be/B0iSJdzF5pw)* +Its fascinating to see how workers are quitting their jobs at a torrid pace but also that consumers are not being as confident. There could be a lag between the higher wages and the more recent porce increases causing these issues. + +Would not be surprised to see peak earnings in Q4 before lower confidence and higher prices really set into corporate earnings over the next year or so. + + + +https://www.cnbc.com/2021/11/12/consumer-sentiment-hits-10-year-low-while-workers-quit-jobs-in-record-numbers.html +I feel different this time… the simulation is lining up, the stars are aligning, so many hints and clues. I think this is it. THIS is the MOASS. This is when diamond hands be tested and forged. Seeing market halts every 15 minutes as we jump $1000s at a time up and down! + +This is the week our lives change FOREVER + +Or it’s just another week and I continue to buy and hold + +DO YOU UNDERSTAND HOW MANY ENDGAMES IVE BEEN THROUGH?!? I CAN DO THIS SHIT FOR ANOTHER 9 MONTHS + +IT COSTS ME NOTHING + +New apes, don’t be down if this isn’t the MOASS, I’ve lived through at least 8 pre fires for MOASS, I’m zen, I held, I bought + +I. + +Will. + +Win, + + +Will you? +Two months ago, I made this post about giving my kids $100 in crypto and asking them to choose three cryptos each. I was asked by many in the thread to post a monthly update. So, here are the results after two months: + +**M\*\* (9yrs old, boy): ETH, THETA, ADA.** + +[Gain 49&#37;](https://preview.redd.it/ldprnrcyz1n71.png?width=970&format=png&auto=webp&s=ca528f7151cac191469d3ba6c4584ebf69ce99a0) + +**A\*\* (7 yrs old, girl): ETH, AAVE, CRV.** + +[Gain 37&#37;](https://preview.redd.it/58i2cge002n71.png?width=958&format=png&auto=webp&s=45df9efcfacf2dc49bb681a213d5440ebc427788) + +&#x200B; + +**E\*\* (4 yrs old, girl): UNI, ENJ, CAKE.** + +[Gain 29&#37;](https://preview.redd.it/iiu70rvr02n71.png?width=957&format=png&auto=webp&s=b622ac9e4ebb5edaaf6233e352c1ad0c34e5644e) + +&#x200B; + +Original [Post from two months ago](https://www.reddit.com/r/CryptoCurrency/comments/ofzwd4/i_gave_my_kids_100_each_and_asked_them_to_pick/). (For some reason, it was locked, I never found out why). + + + +>I have three kids, M\*\*, A\*\* and E\*\*. I bought them each $100 worth of cryptos of their choice and will give them the entire investment when they turn 18. I let them make their choices based on whatever reasons they wanted. All I did was show them the top 100 list from [coinmarketcap](https://coinmarketcap.com/). +> +>These are their allocations and reasons for each decision: +> +>**M\*\* (9yrs old, boy): ETH, THETA, ADA.** He really loved the black diamond and thought the other two had nice aesthetic designs. +> +>**A\*\* (7 yrs old, girl): ETH, AAVE, CRV.** She also loved the black diamond, the AAVE has her favourite colour and starts with the same letter as her first name, CRV has a pretty rainbow. +> +>**E\*\* (4 yrs old, girl): UNI, ENJ, CAKE.** She loves unicorns and therefore, loves UNI. The ENJ logo has a very pretty E for her name. CAKE because she loves pancakes. +I feel like I'm taking crazy pills. Does anyone understand that if I told you there was a marketing firm with 125k ORGANIC users (no bots) that would signal boost any effort you made as a company, how much that firm would be worth? That kind of organic, authentic outreach? Billions. + +What about a firm with thousands of QA testers who will work to find AND report any and all bugs in as much detail as possible within seconds of release? How much is that worth? + +What about if you could get a diverse collection of customers to provide feedback on any new initiative you launch? A collection of customers even more motivated than you to see your product succeed and exist at its best potential? Pretty valuable no? + +All three of those firms exist as 1 entity EXCLUSIVELY for GameStop. A year and 2 billion dollars later I think it's pretty fucking clear that they aren't going anywhere. The ONLY reason you haven't seen any of the above is because GME is playing it close to the chest until they're ready. And because we're in such fcking sync with next to no communication needed, it means when the strike comes, it's going to be like LIGHTNING. + +Yet in all the analysis I've seen, NO ONE gives the above the consideration that it's due. You underestimate GME and it's shareholders at your own peril. YOU DO NO WANT TO BE SHORT THIS STOCK. +In neoclassical economics, the assumption of rationality and selfish behaviour and its role for the greater good is very clear. + +I believe in many aspects of neoclassical economics, but I do subscribe to its later stages where more attention was paid to market failures in the forms of externalities, information asymmetry etc. + +However, every time I explain to people why we need a kilometre charge on driving or a carbon tax on emissions I'm often met with "but this rests on the assumption that people are rational which isn't true". + +It is true that it assumes that and it is also true that people aren't completely rational, but I also do not buy that people are \*irrational\*. + +As Hebert Simon argues, humans are not irrational, but since the world is complex and we have limited capabilities of processing all information, we sometimes make choices that are not optimal. To make up for it we make institutions that help us make better choices. + +So yes, while people may not make a PhD level calculation in their mind every time they choose to drive a car or buy a product that pollutes, (which btw would be a simpler calculation for them if the external costs were included in the prices), they still make choices that don't render the theories useless. If not we would not have negative price elasticities in almost every industry. + +There are various ways in which people make choices about prices. For example with a car. Potential price increases in gas may not make you immediately make a change, but you might see that you have less money left over every month so you decide to find a way to save money. You may see that spending on gas has increased and will explore options to lower prices. You might look up online articles with advice. Someone might have created a calculation tool that allows you to see how much you could save if you switched to a more energy efficient or electric car. Someone might have written about how you can save money taking the train or biking. A friend might advice you with what they do, which can be a variety of choices. + +We may not be rational, but that does not render market failures and neoclassical economic theory useless, because we still do not pay to in order to work, get paid to receive products, and we still don't spend an entire pay-check on apples. + +Who has emphasised this idea? Is it another school of economics (behaviouralist)? Has someone spoken about this within the neoclassical school? + +Edit: Thanks to everyone for their inputs. I studied Economics but it was mostly focused on spatial and transport economics. I wanted to expand my views since most of what I’ve learned uses Microeconomics. Reading the book “Economics: the users guide” gave me some insight into other schools of economics and the history of the field. I found it convincing that it’s important to understand more facets of the field to be a better voter and to be a better Economist. +Here in the UK much of the workforce has been paid not to work for months, the GDP fell 20% in a month but so far we've yet to hear large numbers of stories about people suffering. + +My understanding is that its because the people who stopped working were in so called non essential industries and the GDP from gyms not being open will be felt much less than if farmers were furloughed. I'd still have expected price rises though. Why doesn't anything seemed to have happened yet? If the government was just to keep on like this what would be the effects? +Obligatory* If this is not the right place politely tell me to get lost. I did a brief search and only found stuff about not going public so I did indeed try. + +From my understanding companies go public for what I will describe as financial flexibility (more money/ shares to maneuver with) what reasons are there for a company, once it’s been established, not to simply buy back all the shares and go private again. +I don't know if this is reasonably answerable, but I thought I'd ask. + +There are plenty on both sides of the isle that thinks the banks should have went under instead of being given bailout money. What do the effects of that look like for the country and maybe even the world? +I’m trying to purchase an investment property through a private mortgage lender and our lender has been very frustrating to work with. We finally received our estimate sheet today and were mind blown to see $5,655 origination fee on 20% down payment in comparison to $2,175 origination fee on 25% down payment. Is our lender intentionally trying to get us to pay 25% down payment and not working in our best interests or is this normal? + +EDIT: I am working with a mortgage broker not a private lender as I inadvertently claimed here +Hey everyone, please be aware that the user u/skaleita is routinely spamming most crypto subreddits with realistic sounding headlines and articles. However, they ALL lead to the same parent site 'cryptoprice.co' + +This website is a malware gateway. My ISP provides a malware warning when opening the site, but many others may not. PLEASE be careful and do not click on these links. + +There are far too many scams/hacks going on in the cryptosphere right now and this seems very suspicious. + +Please upvote and share the news. + +Be careful out there! +Many advise not to tell anyone about newfound wealth. Unfortunately, it seems both friends and family heavily suspect I am wealthy. + +I think there are a few reasons: + +* The company which made me wealthy had a very high, very public value assigned to it. +* In the excitement of 2022 I let one parent know I might retire if things continue to go well and I suspect they told my siblings and other parent. +* I took a gap year from my career and traveled (which I am still on 1+ years later). + +From what I can tell, the cat's out of the bag. I deeply care about my relationship with these people and am committed to maintaining them over my lifetime. I almost feel like it would have been better to be upfront because right now everything is just rumors and suspicion. I worked very hard (combined with luck of course) to get to this point. I don't think I have anything to be ashamed of. + +So at this point, does it make sense to be straightforward with everyone? I am thinking of using visits during the US holidays as an opportunity to set the record straight. I am thinking of letting people know that my hard work has indeed paid off. I don't plan to get specific on the level of wealth (~$10m range at ~35y/o). + +Others who didn't or couldn't keep things quiet, how did you handle this type of situation? What went well? What went wrong? How did people react to you confirming their suspicions? + +Thanks in advance. +So I just left my local GameStop where I pre-ordered Zelda: Skyward Sword and Mario Party, and I was chatting with the cashier about the company. He mentioned something I thought was very important. He said that since Ryan Cohen has taken over, the employees have felt the effects. In the form of PTO. Employees now get PTO. Let that sink in. Ryan Cohen gave his workers PTO. Legend. + +Also as a side note, the store was running a promo, buy any shirt valued at 19.99 or more and get a $10 giftcard. Boom, new Link t-shirt. Love this company. + +Edit: I want to make sure that everyone understands what PTO is. It is paid time off. Apparently this is not as known to non-American apes. Also, I cannot confirm PTO policies for GameStop, I am only reporting what the staff at my local GameStop told me. + +Edit 2: also wanted to clear up for Europoors and others who don’t live in the USA, PTO is common for full-time non-retail jobs. My company for example has PTO, paid sick time, healthcare, 401k, etc. It is mostly retail workers who get the shit end of the stick. Anyone who works in retail can jump in and share their experience, as I have not been in retail for almost 20 years. +Per u/Rensole's morning news post, +"If people make agreements to take any action together this is market manipulation, and trust me, the governing bodies may not go after Citadel right now but they will come down on individuals. it's illegal, so if anyone wants to make an "agreement" on when to do something, it's permaban." + +Do your own research, make your own decisions, and be kind to one another. + +Back to my Crayola omelette. mmmmmmm...oon. +>Numerology is the pseudoscientific belief in a divine or mystical relationship between a number and one or more coinciding events. It is also the study of the numerical value of the letters in words, names, and ideas. It is often associated with the paranormal, alongside astrology and similar to divinatory arts. + +https://en.wikipedia.org/wiki/Numerology + +--- + +My dearest apes, + +~~This is going to be a short post~~. I'm pretty sure I'm going to get downvoted to hell, but I don't care. If that happens I'll just keep quiet for a while. I want to finally speak up about this because this meme has been going on for too long and it's starting to hurt the credibility of this sub because too many people take this shit way too serious. I want to make you all aware of the 741 numerology problem we have been cultivating here. + +#741 doesn't mean shit +We have yet to find a reasonable explanation that doesn't require 741 to be read backwards, converted to military time, read backwards again, subtracted 4 from 7, add 1, count the number of days since January 28 or whatever, converted to poop emojis and then converted to a vague US penal code or some shit. It's ridiculous. Let's end it. Ryan Cohen didn't communicate a secret clue by coincidentally tweeting twice at 7:41 on the shitter. + +Let's be honest, we have some of the best DD here. This sub has been a powerful, unique, crowdsourced effort in uncovering massive fraud in the financial markets that was previously unknown to retail investors. Institutions, regulators, the media are all scared of the knowledge we've been building and opensourcing here. No other public forum for retail investors has such a deep understanding of the manipulation that is happening in our financial markets. We're also invested in a company that's transforming, doing new things, attracting the most talented people in the industry. GameStop is solid and is going to do great innovative things. + +We don't need any of this 741 stuff. There is absolutely nothing of substance here. There hasn't ever been a credible explanation for it whatsoever, let's face it. + +[WATCH THIS VIDEO](https://youtu.be/wxC5by-Vvko) + +Now to prove my point, please watch this video and tell me if you want this community to look like this. The people in the video seem to be obsessed with a similar number, did you hear what it is? I don't know where the coincidence in this is but I'm smarter than that, and I'm pretty sure most of you are too. + +People here have been so afraid of shills infiltrating the community. But honestly, if I was a shill I wouldn't even try to infiltrate the community itself. Too hard, too much effort, too much risk of being discovered. But I would try to isolate the community by making that community look like fringe nutjob conspiracy theorists to the rest of the world. I think that's what they've been trying to do and it seems to be working. A large part of reddit thinks we're fucking loons and in my opinion it's largely because this 741 talk is taking attention away from the real substance. + +Stop trying to solve vague "clues" or hints from tweets. Please. + +Let's keep this community honest, empirical and fact-based, please. I don't like how we have been blurring the lines between actual DD, memes, "fun" and straight up retarded numerology. I just like the stock. Sorry to be a party-pooper, I'm just a serious fucking person, ok? + +💎👐🚀 +So all claims about the economy and the value of money going to s\*\*\* show the skew starting in 1971, with Nixon suspending the convertibility of USD to Gold ("temporarily"). + +I've read in various accounts of economical history that the US has really only been on the gold standard after 1933 for appearances only, but that Gold wasn't really limiting the Fed anymore in the creation of Fed Funds. + +&#x200B; + +My question is as follows and please ELI5 when you respond: + +1) Is this incorrect, has the fed been limited by Gold ratios between 1933-1971? Can you fully claim that the gold standard was still a thing during those years then? + +2) If the above is correct, why do all the metrics that places like wtfhapppenedin1971 show start getting skewed so heavily after 1971, why did none of the effects of the inconvertability of USD to Gold, have not been felt between 1933 and 1971? +If you look at the shares prices of all the major companies in US, the likes of Amazon, Tesla, Facebook, Microsoft etc., you will notice that almost all of them made a sudden rise after 2020, their prices at least doubled. + +But wasn't it more or less at the same time when the Fed printed a few trillion dollars as part of Covid package? + +So don't you think it's connected? The market was flashed with enormous amount of new money, investors didn't know what to do with it except invest it in reliable stocks, so we got this sudden price rise in the stock market in 2020 due to excessive demand, and now 3 years later it's coming back down again? Companies losing big portions of their value and return to their pre 2020 size? + +What do you think? Is it connected? +💎🤲 is all u gotta do.. ask yourself why would they tell u to sell?? Why would there be a huge influxes of new reddit accounts saying gme is dead why would u get pms saying they sold and gme is over ... + +BECAUSEE ITS WHAT THEY WANT YOU TO THINK +There was obvious short ladder attacks today again on amc and gme they would never ever take over a sub reddit if they were done with the stock or were out it makes no sense everything points towards that we 🦍still have the upperhand 💎🙏🙏 been short ladder attacking for 2 weeks now to get us to sell yet we just buy more and hold were literally touching them where it hurts + +JUST hold if there wasn’t anything worth holding they wouldn’t spent all this time and money on reddit bots shills peoole whoever the fuck also if u are down 70% WHY WOULD U SELL UNLESS ITS FOR YOUR FAMILY that needs money to pay for bills.. + +Holding isnt losing were fucking them cuz they want us to sell but we 🦍 likes stocks at low price so we buy more invest what u can afford to lose ... this battle has only just began people saying the hype is down lets get jt back up.. sorry if im 💎🤲💎🦍 Smoothbrain but if they’re trying so hard to get us to sell then theres a literal fucking under goldmine here on both amc and gme Bring back the hype we havent lost yet we never lost its us the poor people vs the system and HF fucks so lets fuck thEm up HOLD💎💎🤲🤲🦍🚀🌚🌚 they’re literally losing billions due to us 💎🤲🦍🦍🦍 stronk + +No financial advisor just annoyed fucktard 🦍💎🤲🤲🤲🤲💎💎💎💎💎🚀🚀🚀🚀 sorry if fhis id fucked im on some shit but fucking hold! +Play with money u can afford to lose aand fight against them we definitely have the upperhand letd show them were.not falling for some dumbasstricks +💎🚀🤲🤲🤲🤲💀💀🦍🦍🦍 im hodling. Till i die i will never sell for loss 💎🤲🚀🌚 im high af i hope rhis gives the sub a bit hmpf aslong as theres bots saying gme is dead gme is a goldmine! 💎💎💎💎💎 we 🦍🦍🦍 strong 💪 together 💎🤲🤲🤲 +💎🤲 is all u gotta do.. ask yourself why would they tell u to sell?? Why would there be a huge influxes of new reddit accounts saying gme is dead why would u get pms saying they sold and gme is over ... + +BECAUSEE ITS WHAT THEY WANT YOU TO THINK +There was obvious short ladder attacks today again on amc and gme they would never ever take over a sub reddit if they were done with the stock or were out it makes no sense everything points towards that we 🦍still have the upperhand 💎🙏🙏 been short ladder attacking for 2 weeks now to get us to sell yet we just buy more and hold were literally touching them where it hurts + +JUST hold if there wasn’t anything worth holding they wouldn’t spent all this time and money on reddit bots shills peoole whoever the fuck also if u are down 70% WHY WOULD U SELL UNLESS ITS FOR YOUR FAMILY that needs money to pay for bills.. + +Holding isnt losing were fucking them cuz they want us to sell but we 🦍 likes stocks at low price so we buy more invest what u can afford to lose ... this battle has only just began people saying the hype is down lets get jt back up.. sorry if im 💎🤲💎🦍 Smoothbrain but if they’re trying so hard to get us to sell then theres a literal fucking under goldmine here on both amc and gme Bring back the hype we havent lost yet we never lost its us the poor people vs the system and HF fucks so lets fuck thEm up HOLD💎💎🤲🤲🦍🚀🌚🌚 they’re literally losing billions due to us 💎🤲🦍🦍🦍 stronk + +No financial advisor just annoyed fucktard 🦍💎🤲🤲🤲🤲💎💎💎💎💎🚀🚀🚀🚀 sorry if fhis id fucked im on some shit but fucking hold! +Play with money u can afford to lose aand fight against them we definitely have the upperhand letd show them were.not falling for some dumbasstricks +💎🚀🤲🤲🤲🤲💀💀🦍🦍🦍 im hodling. Till i die i will never sell for loss 💎🤲🚀🌚 im high af i hope rhis gives the sub a bit hmpf aslong as theres bots saying gme is dead gme is a goldmine! 💎💎💎💎💎 we 🦍🦍🦍 strong 💪 together 💎🤲🤲🤲 +TLDR: 200k to invest. 401k+IRA Maxed. Dividend Portfolio for Supplementing Income. + +Hello Reddit! Long time lurker, rarely post. +I turn to reddit for some suggestions. I am 36, married. Moving areas and sold our home - we are building at a new location. We have 1 year living expenses saved, down payment money for new house, cars are paid off. No carry forward high interest credit card debt. 401k and IRA's contributed to. These accounts are ETF / Mutual funds / Growth oriented and reinvested etc. + +I currently have 35k in a Taxable Brokerage account that is focused on higher paying Dividend stocks, The goal of this account is to grow and hopefully supplement and then replace a large portion of our income. + +We have 200k allocated for investments. I was thinking of allocating large portions into the following investments. + +Heavily weighted in - QYLD NUSI RYLD JEPI +With other investments into DOW VZ T MO PPL EPD Some REITS - O AGNC IRM + +Looking for any other suggestions or ideas on investment types / weightings etc. Thank you +Just breached the 50 dollars a month threshold. My dream is to hit 40k per year, but that’s a long ways down the road. + +Edit: what strategies are you taking to reach your goals? Stocks v etf’s, growth transitioning to income. Etc. +I've been researching real estate investing for several months now while I've been saving enough capital to get in the game. + +Everyone says don't invest in real estate if you'll hate being a landlord. I was chatting with my father in law who owns 5 SFH. He barely knows anything about real estate, doesn't know who his tenants are, and never has to do work on his properties. The reason for this is because he pays a property management company 10% of the rent to manage everything for him. + +I get that some people want to do it themselves and save that 10% but how have I never read about people doing this on here or on bigger pockets? It seems like this would be a popular route for people who want to be less involved + +Edit: thanks for the replies guys! It sounds like I want to be a "semi-passive" investor. Other key comments: I can probably fine a manager that charges less than 10%. Property management is more useful for out of state investing, but if your properties are within an hour, it's worth it to just do it yourself because it doesn't take much time anyway +As the title says. + +Am I wrong for wanting to only invest in shares due to the pure ease and convenience, and continue renting? This way I’m never tied down to a mortgage, while also receiving semi consistent dividends through my portfolio. Or is this stupid and I should be thinking about doing both? + +Thanks in advance. +Noob question - We all know DHFL is officially off the trading list since July. +I am one of the unfortunate folks who had some money invested in it. +I don’t see any updates/info in zerodha app about it being dropped from my portfolio. + +So is the money as good as gone?? +Also is there chance of getting any portion of the money back? +If not can it atleast be shown as a incurred loss in TDS/tax computation?? + +Thanks in advance. +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). +These funds are meant to be held for one day only. But if you want to fully take advantage of potential gains (let’s assume you’re making money on this trade) wouldn’t it be best to buy it at 3:58 pm the day before you want to sell it? +That way you can benefit from the larger gain in opening prices from the day before and not just from minimal SP movement if you were to buy at open? + +Edit: simply put when is the best time to buy these ETF’s? +I'm wondering what professional or social organizations have benefits for someone on the FatFire journey that continue to deliver meaningful purpose back to you once you've FatFired? It would be great to learn from others about groups they've joined that helped them network, find business opportunities, find a sense of belonging, and give back to their communities. + +Have you benefitted from joining something like the Freemasons or Knights of Columbus? Taking part in charities or your religious community? Toastmasters? I think back to the Dutch Golden Age where wealthy merchants were all part of charitable organizations that gave back to their communities but also served as a networking channel for strengthening one's business (many of the group portraits of this time are of people that led some sort of community group). + +I'm a 33/M, work in FAANGM equivalent with side ventures that bring in additional revenue, on the path to FatFire. As I continue to build wealth towards my goals, I've started to think more about planting the right seeds with the right communities so that when I retire, I'm not a miserly Scrooge McDuck, but have a network of like minded individuals who serve a purpose greater than furthering one's own wealth. During COVID, I moved from a HCOL city where I had an excellent alumni and professional network to a MCOL city where my network is far weaker but the city is growing fast. I want to become more integrated with my new community, meet other business leaders in the area, and be a part of something that gives back. Looking for any ideas that help further the FatFire journey and that will be a part of my life post RE! +I've been working two full time remote software development jobs for multiple years now and I am absolutely killing it with regard to income and savings. This is so great I can't believe more people aren't doing it. Two six figure jobs and the work is easy for me because I've been doing it for so long. Sure there are busy times but generally pretty manageable and I really don't work that hard. + +Sorry I just had to share this, my spouse is the only one who knows. +Just wondering because I could use some confirmation bias I’m not alone here. + +I haven’t bought any shares since last year. Can’t afford it. It hurt watching the price go to the $70’s again and not being able to buy more, but it was awesome seeing everyone else here go nuts. + +America is a complete dumpster right now. Gas is ridiculous, groceries are more than they’ve ever been, even basic hygiene like deodorant is like $5 a stick now. + +Who else is barely skirting by, but also has GME shared locked up? I’d be lying if I said selling my shares now wouldn’t help me out a ton. But then I’d be right back to where I started within a month or 2, minus the GME shares. + +GME is truly my last hope to ever live comfortably in this world. It’s providing me with enough motivation to get by on these shitty conditions. + +Edit: Since I’m seeing this pop up I should clarify. I am not “barely clinging” to my GME shares. I am NOT selling. I believe in this company. What I’m clinging to is my life as I know it. My debts plus the increasing cost of living are making it extremely difficult to stay afloat. +I have just finished paying off an installment loan. + +158$ biweekly is no longer being taken from me. + +I managed to save over 90$ in fees and interest by paying it off early. + +I did this by sending 20-15-30-40$ at a time on top of regular payments. + + +I had another one that finished in November. That one was 181$ biweekly. + + + +I've left to go. 2600$ at 76$ biweekly. 35% interest rate. + +I'm hoping to have that cleared soon. + + +Then it's on to the credit card debt. (2500) + + + +There is light at the end of the dark tunnel. + + +Feeling much lighter. +I am lurker of this sub and have seen TONS of posts related to Bitcoin or Cryptocurrency. People focused on looking for longer term investments are most likely not going to invest in Bitcoin or other currencies since they are widely believed to be a bubble. Can we have an automoderator direct these posts to either /r/bitcoin, /r/cryptocurrency, etc? + +I understand that investing is always changing, but until Bitcoin is widely accepted as a national currency, and not just a bubble or something to trade, can we try to put those posts in a different sub reddit? I respect other opinions but I'm curious to see if anyone agrees with me +There has been several posts now in r/gme_mexico regarding Mexico's number 1 broker GBM and we have noticed that when reached through social media regarding our voting rights, they always ask to email or call directly, the fucking last straw is that they are giving out different deadline dates to submit our requests for the control number in their replies. + +&#x200B; + +[After I asked them to please reply through the same channel since its public information I didnt get a response](https://preview.redd.it/3uv4nmn4jk271.jpg?width=414&format=pjpg&auto=webp&s=f0bd6cdb2491234ed6ae82a2aedbc19b2c7e0e10) + +&#x200B; + +# I would like to ask my fellow apes in helping avoid this divisive behavior and let our voices be heard as one + +These are their social media channels + +Twitter: [https://twitter.com/GBMplus](https://twitter.com/GBMplus) + +Official Facebook group page: [https://www.facebook.com/groups/gbmplusinvestorsclub](https://www.facebook.com/groups/gbmplusinvestorsclub) + +Official Facebook Page: [https://www.facebook.com/gbmplus/](https://www.facebook.com/gbmplus/) + +Email: [plus@gbm.com](mailto:plus@gbm.com) + +This is a suggested message: + +Solicito que GBM+ publique un comunicado oficial tan pronto sea posible en el que expliquen como votar en la asamblea de GME y en que fecha se van a emitir los numeros de control. Los dueños de estas acciones tienen el derecho a ejercer su voto. No estamos de acuerdo en enviar un correo individualmente ya que se nos ha estado ignorando por ese medio. + +*I request GBM+ to publish an official statement as soon as possible with an explanation on how to vote in the next GME shareholder meeting and when are we expected to receive our control numbers. The shareholders have the right to vote. We do not want to send an email individually since we have been ignored through this channel.* + +# Apes together strong!!!! + +Edit: shortened to fit twitter’s character limit + +@GBMplus Solicito q GBM+ publique un comunicado oficial pronto en el q expliquen cómo votar en la asamblea d #GME y en q fecha se van a emitir los números d control. Los dueños de GME tienen derecho a votar y exigimos se haga publica la información +Loom Network (loomx.io) has beta SDK that can be used to spawn side chains with dPOS which can be as decentralized as the creator of dapp wants. They already have an example dapp live (delegatecall.com) +HI. See the link to Criand's DD at the bottom of the text. A quick excerpt of what I read was a little eerie with the Fed having bailed out the banks in the 2019 fiasco ([https://www.reddit.com/r/Superstonk/comments/s7wai4/the\_reason\_there\_is\_a\_news\_blackout\_of\_the\_feds/](https://www.reddit.com/r/Superstonk/comments/s7wai4/the_reason_there_is_a_news_blackout_of_the_feds/)). + +*"It's not a fight against Melvin / Citadel / Point72.* ***It's a battle against the entire financial world****. There is even speculation from multiple people that the Fed is even being complicit right now in helping suppress GameStop.* ***Their whole game is at risk here."*** + +It has now been proven that the Fed is complicit in this malarkey. Please re-read in your spare time. And if you've not read it before, perhaps give a glance. + +Don't know about you, but that seems fucking creepy. Make of this what you will. I would love to discuss with any and all of you. + +[https://www.reddit.com/r/Superstonk/comments/o0scoy/the\_bigger\_short\_how\_2008\_is\_repeating\_at\_a\_much/](https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/) + + +*Welcome back and it feels good to be writing up posts again. I was asked to write up the recent relation between ETF's and the GME dip's we've been witnessing in the last several trading days.* ***I have included a TLDR for the crayon eating apes with an attention span of a 2-month-old dog. Also due to wsb guidelines, i am unable to mention these etf tickers due to their market cap. Please bear with me (not the 🐻🌈)*** + +Anyone questions? Feel free to DM and I'll respond in 10-15 working days (jk) + +Hedge Funds covering up $GME shorts through ETF cloaking + +*I would like to present a few common terminologies before starting this post which may aid in helping you apes comprehend this more clearly.* + +**Exchange-Traded Funds (ETF)-** An exchange-traded fund (ETF) is a type of security that tracks an index, sector, commodity, or another asset, but which can be purchased or sold on a stock exchange the same as a regular stock. An ETF can be structured to track anything from the price of an individual commodity to a large and diverse collection of securities. ETFs can even be structured to track specific investment strategies. You can consider them as a hybrid of mutual funds. + +**Short Selling-** Short selling is the process of selling shares that you don't own, but have instead borrowed, likely from a brokerage. Most people short sell shares for two reasons: + +1. They expect the share price to decline. Short-sellers hope to sell shares at a high price today and use the proceeds to buy back the borrowed shares at a lower price sometime in the future in a bid to profit. +2. They want to hedge or offset a position held in another security. For example, if you have sold a [put option](https://www.investopedia.com/terms/p/put.asp), an offsetting position would be to short sell the underlying security. + +**Authorized Participants -** An authorized participant is an organization that has the right to create and redeem shares of an exchange-traded fund (ETF). They provide a large portion of the liquidity in the ETF market by obtaining the underlying assets required to create the shares of an ETF. When there is a shortage of ETF shares in the market, authorized participants create more. Likewise, as ETF borrow costs increase, APs are less likely to borrow shares to hedge their position, and more likely to fail-to-deliver. + +In a typical transaction, the borrower of a stock posts collateral of 102% to 105% of the shares' value in cash, government securities or a bank letter of credit. If the ETF needs to sell the stock, it can recall it from the borrower. But if the borrower for any reason isn't able to deliver the shares, the ETF is repaid through the collateral instead, although that can have adverse tax consequences for the ETF. + +**$GME relationship: Let's look at the past trend of an ETF with GME** + +Now I'm not claiming today's red day was entirely due to etf's being shorted or their shares being lent out, but there is significant evidence that leads me to believe this may be one of the key factors. + +&#x200B; + +[Notice how the assets plummet suddenly after the first short squeeze?](https://preview.redd.it/ge6epulq4bn61.png?width=688&format=png&auto=webp&s=2b84a08585e0d2b57f4cab485d2ae0b466c42605) + +&#x200B; + +*By law, a fund can have no more than one-third of its total assets in securities on loan. Few ETFs or other funds ever reach that ceiling, and ETFs are considered to be more conservative lenders than other funds. Market makers are continually creating new ETF shares (by presenting the fund with a basket of securities represented in the ETF) and redeeming others (and getting the underlying securities in return), so the number of ETF shares outstanding fluctuates. Because the supply isn't fixed, there really is no impact on performance when an ETF is net short, industry participants say. The prices of ETF shares typically stay very close to the value of the underlying holdings.* + +***ETF shares borrowed today saw significant lending. Suspicious, isn't it?*** + +Credit to [u/hkzor](https://www.reddit.com/u/hkzor/) for providing these images: + +&#x200B; + +&#x200B; + +[ETF 1: 6.5M available last week to 4M today](https://preview.redd.it/0vkjixsk4bn61.png?width=387&format=png&auto=webp&s=4160a26d935c7e32ceb0947872a9be36b42417b1) + +&#x200B; + +&#x200B; + +[ETF 2: 1.3M available last week to 850k today](https://preview.redd.it/upqsjgpl4bn61.png?width=388&format=png&auto=webp&s=7c94b5ed3dd2b2426dacbcd5a9564bd226dc48e8) + +&#x200B; + +&#x200B; + +[ETF 3: 900k last week to 500k today](https://preview.redd.it/fxca18jm4bn61.png?width=434&format=png&auto=webp&s=9052e6bba2197671977783472dde2f9e14388f9f) + +Just taking into account **Three** ETF lendings, **you could see 3.35 Million shares were borrowed in today's trading session.** + +Short Sellers effectively manipulate pricing by borrowing shares in a company in order to sell them with downward pressure, coupling it with High-Frequency Machines being used, the price of a security can significantly drop in a rapid succession as we've been witnessing for the past few trading days. + +**The HF's have most likely synthetically shorted GME via ETF's to drive its price down since then**. They can also legally disguise their short position via synthetic longs, and there's concrete evidence that they have done this on the various articles posted before. + +**When coupled with synthetic longs via options, gives the appearance of shorts covering when they haven't, takes GME off the threshold security list when it shouldn't be**, and provides the ability to naked short GME again. This was the missing piece of how GME could actually be shorted without appearing so. This solves the NYSE threshold securities issue and the ability to drive GME down outside of buying a put. + +**Ultimately they have to cover these shorts sometime or another, if the ETF's recall their shares back that would mean an absolute fuckery of melvin and citadel, given they are still paying massive SI without the numbers actually showing up the threshold index**. + +The Link Between Failure to Delivers and ETF's + +ETF's are a growing force in financial markets and constitute almost 25% of US equity trading volume, therefore please keep in mind that not all shares shorted with specific ETF's are directly linked to GME. The one's I used as evidence is either because $GME is a major part of their portfolio or the ETF is retail orientated. + +**Failure To Deliver -** A condition where two investors agree to the purchase/sale of a security at a given price but the seller fails to deliver the security in a timely manner. + +&#x200B; + +[The daily volume of Failure to deliver traded in the past](https://preview.redd.it/h7263a5f4bn61.png?width=588&format=png&auto=webp&s=f7576c75223e5ddf8959093fafaea48d12586046) + +&#x200B; + +[ETF's being shorted in the past](https://preview.redd.it/kw9k81jg4bn61.png?width=801&format=png&auto=webp&s=976a2e44cdd6327ed13ee81021e913ae02c6ad0f) + +&#x200B; + +Comparing both charts depict how the recent increase in Failure to deliver has had a direct correlation with ETF volume being shorted. Point being? The finance industry has used ETF's as a way of covering up their Failure to deliver's way before $GME. + +**Authorized Participant Arbitrage Option: Operational Shorting** + +When faced with "excessive buying" pressure as we have witnessed with $GME, Authorized Participants and Market may sell shares as "Naked" and then locate or create the shares at a later time (up to T+6 for bona fide market making). However, delaying past T+3 results in a failure to deliver **but AP/Market Makers are allowed to fail past T+3 because they are "making markets" and have an additional three days to settle trades (a total of T+6). This choice of shorting can also lock in a profit if options are used to hedge their exposure but with less capital outlay.** I won't go too in-depth about options hedging in this post because I want to keep the topic on the point of ETF's. However, I see a lot of misconception regarding calls and delta hedging which leads to misinformation being spread. + +**TLDR** + +**Do NOT WORRY about the price decreasing, this is all synthetically created to kick down the eventual outcome down the road through lending ETF shares and recent data proves that**. **Over 3.5 million shares were lent out through etf's yesterday and their failure to deliver's are accumulating each and every day. It's like maxing your credit card to pay off the debt on your other credit card. Does it solve the issue? No. It only delays it and makes it worse. Secondly, there is no volume to back up the current dip and just goes on to show you how this is all synthetically created to spread FUD. People who cheer for GME being put on the Shortlist need to realise that has no significant impact as hedge funds have other ways or artificially decreasing the price.** + +**Can't stop, won't stop. Gamestop.🙌💎** + +As always, + +Lambos or Instant Noodles🚀🚗 +Title says it all really. + +I can see a 10x return being realistic eventually and that’s good enough for me. And I just love the technology and ethos so I’d be happy anyway. + +But sometimes late at night I can’t help think of the 100x or 1000x returns some early adopters got and feel a bit sad and jealous. +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! + +Original Post https://www.reddit.com/r/wallstreetbets/comments/gveon3/ive_lost_240k_on_luckin_coffee_all_my_life/ + +Different user as StopFapForever was not working IRL. Plus my flair now checks out. + +Listen fuckin idiots. I've holded LKNCY since it went from 48 to 2 at - 97%. + +I never fuckin sold and I'm still in balls deep. Luckly is back to 12-13 and slowly recovering. + +If I holded all my net worth for so long, YOU CAN FUCKIN HOLD A - 40% FOR A DAY OR EVEN A WEEK. + +Don't be pussy paper hand small dick. I'm again balls deep in BB since last monday (only 30k which is what I have). I'll never fuckin sell. + +Today I've putted 5k on GME just cause I fuckin love you and I'm with you all along. Just for the cause. I prefer to lose 5k on GME than spending them in videogames or shit like that. + +I'm in Europe and cant sleep and fuck my GF. Luckly her boyfriend is helping her out. I've been awake all night to check twitter, premarket, aoc steam on twitch. + +I'm with you all the way long. Ride or die. + +'' There will be a day when all of us will sell and make tendies into valhalla Elon Mars city. But NOT TODAY. Today we fuckin stand together and fight for whats right'' + +Fuck you Citron. Fuck you Melvin. Fuck you Etoro. Fuck you Hedge fund. + +We are coming from all over the world to fuck you. + +Keeo HOLD and GME BB TO THE FUCKIN GALAXY AND BEYOND 🚀🚀🚀🚀 +What time do you start? How many hours per day are active monitoring? Does working 1/2 days have an effect on overall returns? I am interested in setting up a routine to actively day trade for 3-4 hours per day, is this realistic? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +Compared to the traditional stock market, suppose someone wanted to diversify their excess savings in angel investing, would they get a higher return than something like mutual funds? + +I can see that there are sites like angel co and lets venture which allow people to become angel investors (provided they have a certain net worth). + +What do you guys think? +This was originally posted by u/ajudgycat, but he doesn't have the requirements to post here. But this information NEEDS to get out. So reposting here for him. + +\------- + +A couple days ago Boston Consulting Group sued GameStop for $30 Million over unpaid consulting fees and Ryan Cohen just fired off with a tweet. In some of the replies, eagle-eyed apes have been posted pages of LinkedIn screenshots of people who worked at or still works for both Shitadel and BCG. Whoa, sus, but what do you expect and if you come back to reddit, there are a bunch of posts already about the ties. + +I then started chatting with a buddy, who reminded me that BBBY also used BCG and wondered if something similar happened with Sears. This is when we started Googling BCG and failed/failing companies to see if there were any connections. They seem to have hired from the BCG pool. Anyone else want to help dig further beyond this very initial and unanalyzed attempt?? + + +**Sears:** + + +* [https://transformco.com/press-releases/pr/1959](https://transformco.com/press-releases/pr/1959) +* [https://www.bizjournals.com/chicago/news/2013/09/24/sears-canada-ceo-resigns.html](https://www.bizjournals.com/chicago/news/2013/09/24/sears-canada-ceo-resigns.html) + +**Toys R Us:** + + +* [https://www.case48.com/bcg-matrix/12847-Toys-R-Us](https://www.case48.com/bcg-matrix/12847-Toys-R-Us) + +**Circuit City:** + + +* [https://www.forbes.com/2005/06/20/0620automarketscan23.html?sh=1f07046b2c49](https://www.forbes.com/2005/06/20/0620automarketscan23.html?sh=1f07046b2c49) + +**JC Penney:** + + +* [https://chainstoreage.com/jc-penney-makes-key-hire](https://chainstoreage.com/jc-penney-makes-key-hire) +* [https://www.businesswire.com/news/home/20220111005582/en/JCPenney-Taps-New-Executives-to-Lead-Technology-and-Digital-Organizations](https://www.businesswire.com/news/home/20220111005582/en/JCPenney-Taps-New-Executives-to-Lead-Technology-and-Digital-Organizations) +I've been closely following crypto for about a year now. I waited so long for a good occasion to buy in, teaching myself about blockchain and cryptography. I invested 80% of my free time to read about the tech (online and from books), I've taught myself programming and worked my arse off to accumulate captial need for the push (I even took a sociology course to better understand how disinformation works). "*Never invest in a business you cannot understand*" - I was fascinated by crypto from the very first day I heard about it and today, after so much hard work, I can say not only I'm fascinated by blockchain but also understand how it works. + +Today I bought 10 BTC as a long term investment and despite all the negativity and FUD I'm very confident it will pay off in the future. I've never been so excited in my life. Stay strong handed! +After doing a plethora of research, I’m finding out that Ethereum might not be the best blockchain tech wise. Blockchains such as Cardano, Algorand, Cosmos etc all seem to have various advantages over Ethereum. + +These advantages include lower fees, speed, scalability, decentralization and already being proof of stake. (It’s debatable whether proof of stake is superior or proof of work but I won’t go into that). + +Other than being the most adopted smart contract platform and being “first to market,” is Ethereum actually technically better than most other Layer 1s out there? + +Don’t get me wrong I’m bullish on Ethereum, but I’m even more bullish on other Layer 1s. + +What are your thoughts on this? +How much should be in an emergency fund?? I know most people will answers 6 month expenses and that seems reasonable. Once you hit that goal do you leave the money in a savings account or invest it somewhere you have easy access to it? I’ve just hit the 10k mark for my emergency fund and feel like it’s a waste to just leave it in savings with no ROI. +Ok so I know it sounds crazy but hear me out. I currently work at a photo studio as a photographer 9-5 10$h 5dw which is like 375$ a week with tax. No commission, 4-8 clients a day. +My current job is a pretty low end photo studio but they do have contracts with schools and is consistent work. +I also do freelance work on the side and get payed much more per client as it is 100% mine, but clients are more sporratic and they pay more. BUT I don't have time because I spend too much time at the photo studio and when I come home I'm too tired to work on bigger projects. +Me and my mom have found a lot of people in the modeling/photography/videography industry and I have a LOT of opportunities I can pursue but I spend too much time at my job. +I have the confidence to be one of those instagram photographers/videographers that make a lot of money because I know I can create the same quality as them. +I Live with my parents and only pay car insurance plus gas which comes out to 300$ +I already have all the equipment I need to charge people big bucks. +I also want to eventually move out with my girlfriend but I know that's on the future. +At my job, I don't see myself moving up or getting a raise any time soon as the company is losing money . +I live in miami so I'm in a hotspot for photos and videos. +Should I quit my job? +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! + +Gamestop has made for some of the greatest entertainment in the investment space, where people have been further exposed to market dynamics and what actually goes on under the covers. We have seen hedge funds topple, war against “retail investors,” and overall market chaos. $GME is a classic example of trade the chart and trade momentum, don’t get caught up in the fundamentals. It is comical when the “analysts” of the world talk about how overvalued the meme stocks are. It’s a classic example of supply and demand, and the people are demanding another rally. + +Here, we look back at the last 5 earnings calls, how $GME performed the week before, the week after, and the two weeks totaled together. + +What is of significant interest is the runup to these earnings, with Gamestop stock sitting up over 30% since May 23. Despite the incredible runs $GME has had over the past two years, the stock has not, in this time period anyway, ever had as much momentum before earnings. It begs to ask the question: is the momentum out of steam, or are we going to see $GME back in the headlines? + +Analyzing the technicals, 23% of the float short and an RSI only at 57. Shorts should be deathly afraid to hold their positions going into next week with these statistics. + +**Looks like a whole bunch of you apes are going to be buying Teslas again.** + +&#x200B; + +https://preview.redd.it/t7dzrkenf0291.png?width=1080&format=png&auto=webp&s=fe9a9d65d2bdbc3ca857358d9edd48662702ece7 +hello, i should be in a position to buy a house in appx 5-7 years and i was wondering what you thought might be a good "shorter term" holding for that time frame. O? STAG? of just a HYSA? just looking for somewhere kinda safe to make some interest while its there. HYSA is super safe, might just do that if theres no more advisable option +Article: https://www.mercurynews.com/2019/09/16/carolyn-hax-embarrassed-husbands-retirement-dream/ + +I see myself facing a similar situation should I manage to retire early. My wife has no intentions of leaving the workforce and while aware of my plans to do so has not been all that supportive. Has anyone experienced this issue, or have managed to successfully bring their spouse on board with the idea of a one-sided early retirement? +I had a job interview today and got the job but oh goodness... the bullcrap that you have to say just to get hired is just so cringey. + +An important value in my life is to be authentic, honest and down to earth, but when money and jobs are involved I start talking and acting the way they want me to...and honestly it makes me so sick. + +Money makes me desperate and I don't like it. + +I want freedom. Freedom from the rat race. Freedom from the bullshit they make you spew. Freedom to be myself in this scary world. I want to make money on my own terms. + +Today I started a little business of basically buying stuff at ridiculously low prices and flipping them for profit, but even after only one day I realized how hard it is to make any sort of money doing this. It was discouraging and slightly depressing. I'm not afraid of the grind and realize I have to work HARD for my freedom, but man, after today I'm feeling pretty hopeless. + +So this is kinda all over the place but here's my question (s): + +(TLDR): How did you get started? What was your epiphany? What can you do as someone who is trying to escape the rat race and improve his/her finances? +This story begins when I was about 5 years old so bare with my limited information and the length of this. + +Sometime before 2007 my parents had to take out a second mortgage on the house. Then, in 2007 they declared bankruptcy. This basically gave them a whole new mortgage with different interest rates. My mom, until about a month ago, had no idea this was set up as a balloon payment. The bank is saying they began sending letters letting them know it had changed to a balloon payment back in 2017, but my mom says she never saw these letters. About a month ago the bank sent a letter explaining if they cannot make the one time payment of ~$110k by May 10th, then the house will be foreclosed. This would be absolutely impossible for them to pay. + +The bank is saying they have no home equity, as it was a balloon payment set up, so they can’t use that through a mortgage lender. My mom has been on disability for the past ~8 years, and my dad does under the table construction work. Both of their credit scores are insanely low. + +They are talking with a mortgage lender right now about their options, and my dad basically doesn’t exist on paperwork. They told my mom their only option is to get a co-signer for the house, and “the only thing that matters is they have a credit score above 620”. This is where a multitude of other problems come into play. + +My parents are asking my older brother (27m) and I (21F) to co-sign to “save the family”. Both of us have credit scores above what was suggested by the lender. Both of us are hesitant for obvious reasons. My brother flat out said no today. I had 4 missed calls and about 7 unread text messages as I am now the only way out of this in their eyes. + +I tried to explain to them that they probably would not accept me as a co-signer due to my age. This was taken as a “no” from me, and now they are disappointed in me too. They keep saying things to my brother and I that make us both feel very guilty. + +Neither of my parents finished college. They have less financial knowledge than I do, and that’s really saying something. I feel like my family is on the verge of falling apart because a bank put such a predatory loan on them. Balloon payments are normally reserved for commercial businesses, not already struggling families. + +I genuinely don’t know what my next steps are going to be. I’ve been researching everything that I can, but I feel out of my depth. Any advice? + +*UPDATE* I talked to my mom and explained that I will not be co-signing for various reasons, and that it would be best for them to sell and downsize. She responded with “K.” She then let me know they “will be needing boxes next time I get inventory in at my shop”.. as one user commented, let the emotional manipulation begin :) + +*UPDATE PT2* Dad just called to tell me his close friend is going to be co-signing. He wanted to apologize for any stress this could’ve caused my brother and I. I’m not sure if this will be the right or wrong decision in the long run, but things have at least settled down for the night. Thank you all for so many responses - really helped me process all this! +Holy fuck. I think my tits are gonna explode. I've been busy all day. Didn't have a chance to tune into earnings. But this. I've been waiting for this. Once GME started giving us the totals I KNEW this would happen. + +You guys ready for Cocaine Bear? Coming FEBRUARY to a theater near you. Let's see if they make it that long. +BEVO {BE-VO} is a community built NFT token with a goal to become the most prominent force in the NFT space on the Binance Smart Chain. Created by artists themselves, they want to be the first token to be back by physical art pieces. They are recruiting artists with small platforms to aid them in converting their physical art into Non-Fungible Tokens. A great idea coupled with an extremely dedicated and hard work developer team is a recipe for success as I am sure you all know, and it is clear that the team over at BEVO has these qualities in spades. + +Their art gallery aims to feature paintings, sculptures, photos and other various artworks in digital form. Each one of these art pieces will have a unique NFT attributed to it (they will all be minted on the BSC). Opening up the door to an easy, low fee way to trade any form of art, not only digital NFTs. + +The dedicated team over at BEVO has worked tirelessly over the last few months to bring the coin to pancake swap for the public to invest. Not sold on their dedication? BEVO was listed on CoinGecko just 23 hours after its initial release. Find BEVO on CoinGecko at: [https://www.coingecko.com/en/coins/bevo-digital-art-token](https://www.coingecko.com/en/coins/bevo-digital-art-token) + +Tokenomics + +☑️ Fixed Supply - 5,000,000,000 BEVO Tokens ☑️ Deflationary - 2% Transaction Burn to ensure appreciation of token over time. ☑️ Reflections - 2% of every transaction will be reflected to all token holders. ☑️ Marketing and Dev Fund - 2% of every transaction will be allocated for marketing and project funding. 🔒Liquidity Lock - 7 Year Liquidity Lock: 2% worth of every transaction will be locked away in DxLocker. Slippage: 8-9% + +✅ VERIFIED CONTRACT: [https://bscscan.com/address/0xc6Cb12df4520B7Bf83f64C79c585b8462e18B6Aa](https://bscscan.com/address/0x1e8673ad50df0b3b4ab96dd375dd5289ed084717) + +📄 TOKEN ADDRESS: [https://bscscan.com/token/0xc6Cb12df4520B7Bf83f64C79c585b8462e18B6Aa](https://bscscan.com/token/0x1e8673ad50df0b3b4ab96dd375dd5289ed084717) + +🥞 PANCAKESWAP: (Slippage 8%) LIVE NOW + +[https://exchange.pancakeswap.finance/#/swapoutputCurrency=0xc6cb12df4520b7bf83f64c79c585b8462e18b6aa](https://exchange.pancakeswap.finance/#/swapoutputCurrency=0xc6cb12df4520b7bf83f64c79c585b8462e18b6aa) + +🔒7-Year LP LOCK: [https://dxsale.app/app/pages/dxlockview?id=1839&add=0&type=lpdefi&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=1839&add=0&type=lpdefi&chain=BSC) + +🔒Exchange Listing LOCKER: [https://dxsale.app/app/pages/dxlockview?id=0&add=0x853765d61ae39c332Bd8269b0A0d78ab2f38bDa3&type=tokenlock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0x853765d61ae39c332Bd8269b0A0d78ab2f38bDa3&type=tokenlock&chain=BSC) + +🔒Manual Burn 2 LOCKER: [https://dxsale.app/app/pages/dxlockview?id=1&add=0x853765d61ae39c332Bd8269b0A0d78ab2f38bDa3&type=tokenlock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=1&add=0x853765d61ae39c332Bd8269b0A0d78ab2f38bDa3&type=tokenlock&chain=BSC) + +📌 Quick Links: + +Website: [https://bevodigital.art/](https://bevodigital.art/) + +Telegram: [https://t.me/joinchat/kk0jLLTvvdNjMDQx](https://t.me/joinchat/kk0jLLTvvdNjMDQx) + +Twitter: [https://twitter.com/bevotoken](https://twitter.com/bevotoken) + +Discord: [https://discord.gg/XPpG9FN5Ku](https://discord.gg/XPpG9FN5Ku) +Just to keep the numbers easy, let's say that you've been at this for awhile, and your portfolio is already at some nice, round, relatively large number, like $100,000 or $500,000. + +**What percentage cash do you keep set aside?** Forget about your emergency fund, your checking account buffer, stuff like that. I'm talking about money that is sitting in your brokerage account money market settlement fund. Money that could you invest immediately if you wanted to, but you don't because you're keeping it aside, waiting for something. And what is that something you're waiting for, before you pull the trigger? Is it: + +$1000 out of $100,000 = 1%? + +$5000 out of $250,000 = 2%? + +$25,000 out of $500,000 = 5%? + +**What's your number?** +In [this video](https://youtu.be/W4AIul7_9o8?t=309) warren buffet says the quote in the title. And I was wondering if anyone here has some intuition as to why a government bond (which is what he was discussing) would be more risky as time passes, and why would a stock be less risky? + +"Why alt should I buy" - everyone just names whatever they are holding + +The key is to ask WHY, ask for pros AND CONS. + +"It's got a great team" - that's not enough, how big is the team, what kind of credentials do they have, have they been involved in a scam coin before, and so on + +And remember you're still receiving a sales pitch. + +Linked to a Youtube video? it's often just another "crypto-expert" gushing over "how great" yet another coin is, because they've just bought it + +Even news from crypto "news" sites is rarely objective, at the bottom of practically every article is a disclaimer that they or the company that owns them has a holding in those coins + +Be skeptical. Once someone can give you a decent overview of a coin, do your own research from there, read the whitepaper and so on. + + + +Any chance I can get approved for a home around 350-400k in NC? Have 10k down ready but also have another $5k aside for emergencies and other things like fixing the house +I have a 760credit score. 27 years old. First time home buyer. Make around 70k a year +Want to see if I could be approved and if not what suggestions would you guys think +When i was younger i used to aim for financial independence and full retirement. This was when i hated my job with a vengeance. I also held the belief (which i still do) that the aim of life should be to try to be happy. Having read edward de bonos “The happiness purpose” i did manage to make myself happy most of the time (excellent book highly recommended) + +However more recently i have reached a point where i can work part time or take extended breaks from my job and thats great. Also i have started to enjoy my job more (more senior position, more autonomy, the feeling of control and freedom that comes with financial security). And thats created a strange feeling ive never had before where i actually like working sometimes (which took me by surprise). Although the feeling is arbitrary (what emotions arent) it gives me a sense of accomplishment, purpose and meaning. So my desire has shifted from wanting full retirement to semi retirement. + +All of this is great but it has left me with the thought that being happy is more complicated than i had previously thought. Its not enough to just be active, do exercise and spend time with friends and family. I feel like to be happy i need to also have that feeling of meaning. + +But how do you achieve meaning? Should i add in some altruism? Am i thinking too much? Does having too many options create stress and tension? Should humans be kept busy so they dont have time to think about this stupid stuff? Should i have some kids? (That would definitely keep me busy). Why does having children necessarily add meaning to your life? Are all these questions highlighting the problems with our Western hyper-individualistic culture? Do i need to get off my armchair? + +EDIT: i also wonder if all this is related to the peak of the pyramid in Maslow’s hierarchy of needs “self actualisation” that used to make me laugh in high school - like he couldn’t think of anything to put on top of his pyramid. + +EDIT 2 : the other thing which i wonder if this relates to is the idea of the malthusian principle (which actually relates to popultion growth but could work here) - no matter how much we have our emotional “thymic” baseline resets - we want more. You can see this is rich people - this article was interesting + +https://www.google.com/amp/s/amp.theguardian.com/commentisfree/2021/nov/22/therapist-super-rich-succession-billionaires +I see people charging money to use their template. This community has helped me so just thought I would give a little back. If someone wants use you are more than welcome. Make a copy and good luck investing + +https://docs.google.com/spreadsheets/d/1ym0rDLbPK0VGDXpYU1wVda-Vv4V-8PnSrVJEkXMRCfM/template/preview +Hi, I earn £1189 monthly full time salary. This is the net amount after NI, pension and Income Tax. I was wondering if I would be able to ever buy a house on this salary? I save between £600-750 of this every month. My breakdown is £200 rent live at home, £80 on travel, £80 discretion, £40 lunch, £19 medicine, £7 phone, £14 tv licence and £7 insurance. All are monthly amounts. By my calculations, I save about £7-9000 a year. + +Do I need to worry about increasing my salary for a mortgage? Like is there a minimum salary or is it always 4.5x whatever salary? I’m looking at buying a house for cheap (80-100000). I live in the northwest. I have about £10000 saved. Currently it’s out of reach but is it feasible in about 5 years time where I’d have 45-55000 deposit? I keep thinking the house prices will rise e meaning I will have to save even longer. I also don’t want to leave this job as it’s very stable. + +UPDATE: +Thank you for the comments which are a massive help! They have given me a lot to think about. Also thank you for the award and upvotes. !thanks everyone +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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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!! +Hello r/CryptoMoonShots Let’s talk about Fox Finance $FOX 🦊🦊🦊! + +Current Market Cap: **4754552** (08.04.21 10am GMT) + +**What is it?** + +$FOX finance is an auto-staking token on the Binance Smart Chain, which grants rewards for its holders. Each transaction (buy and sell) incurs a 12% transaction tax from which 6% goes to liquidity and 6% distributed to holders according to their stake. + +**Liquidity is locked** on a daily basis rolling for 4 years. + +1T daily burn for the first 50 days. Additional regular burn of liquidity to try and keep as close as possible to 10% circulating supply. The burn address is also a "HODLer" so it gets a share of the 6% tax based on its stake which is currently about 4% - but this will grow exponentially. +**Check the burn wallet on BSC scan:** 0xFAd8E46123D7b4e77496491769C167FF894d2ACB?a=0x0000000000000000000000000000000000000001 + +We are really starting to notice the momentum now, and the number of FOX wallets and numbers participating with our social media has really started to take off. **We currently have 9,757 holders and we have planned something special when we reach 10K!** + +**Our ERC-721 NFT contract is now deployed and fully functional on mainnet!** We are one of only a few projects on the BSC network to have achieved this. We have just teased a beta of our upcoming NFTs, which will start with HODL badges and other memorabilia - but we have paired up with some amazing 3D and AI artists - watch this space! Congratulations Roy (@waarismijnpost) for being the proud winner of our first public NFT! + +On April 5th, we hosted an AMA ("Ask me anything") on our Discord where the owner L1sak revealed his public identity and told us to expect **FOX FINANCE to be granted LLC public entity status** within days! After becoming increasingly disenfranchised with the current state of the cryptocurrency culture and with BSC in particular, his vision is to legitimize the space and offer holders a project that is legitimate, legal, trusted, open and offering lucrative investment opportunity whilst also giving back to the environment and the natural world. + +Our model incorporates a constant flow of **"FOX IN ACTION"** campaigns on our website foxfinance .io. Wallet-drop prizes are awarded for all holders who perform certain tasks like charitable giving, planting trees or using metal straws instead of one-use plastic. Our founder hopes in the medium-longer term to streamline these campaigns and integrate them into iOS and android App development to make this more accessible for the general public. #foxinaction + +**Check out our Twitter page today for a 25 Billion $FOX giveaway.** (foxfinancebsc) + +We have recently become integrated with Trust Wallet (logo showing) and have beta integration with Metamask (working more consistently on PC's at the moment). + +I'm a HOLDer since the start and have volunteered as a forum mod on Telegram, which I have to say has been a pleasure and it's one of the most buzzy and active telegram communities I have had the pleasure of joining. + +**Youtube video release today!!! (German Speakers) - Kryptowährung News - Alles zu Kryptos & Aktien - go and check it out!** + +Thanks [u/SION42x](https://www.reddit.com/u/SION42x/) for compiling below + +**SAFU?** + +Liquidity is locked: [https://deeplock.io/lock/0x3027AD7781700A03496613377152dBa78C38fa55](https://deeplock.io/lock/0x3027AD7781700A03496613377152dBa78C38fa55) + +This is no pump and dump. The owner did not take advantage of the ATH, and the admins are all HODLing with everyone else. We really want to see this coin grow and to fund our tech roadmap to make this a real project for change. + +**ROADMAP PLANS** 📈 + +Here’s what’s on the horizon: + +**NFTs** \- We have two different types of NFTs. One is a standard, mass-minted NFT that we hope to use for HODLers, airdrops etc. These have launched and are already being offered to FOX contest winners via our social media campaigns. These include fun things like FOX graphics and GIFs. The other type of NFT we want to start pushing very soon are more unique and include things like 3D printable FOX content, AI art, and more collectible style FOX merchandise. I'm really excited about this one! + +**Charity Matching and Escrow** \- This is important to us. It’s how we plan to get money to the organizations that need it for our mission. We’re working on escrow contracts and other possibilities for collecting FOX donations, possibly with matched by liquidity from NFT auctions. We are working with our legal team to get this approved and in place as soon as possible. These donations will go directly to charitable wildlife and environmental organizations, possibly through The Giving Block, a crypto donation provider. We have several community members who have already donated to WildlifeAidUK, World Wildlife Fund and Saveafox. At the moment, Binance Smartchain does not have the NFT auction infrastructure in place for the kinds of things we are looking to do. At the moment, they are closed markets. Bakeryswap and NFTKey are the biggest - but no open markets, no API's and no projects made to work on it for marketplace building. We are hoping to build a decentralized platform ourselves for NFT interaction, exchange and auction. + +**Admin Dashboard** \- Right now things like Airdrops and prize disbursements aren't easy on BSC. It's mostly done manually with wallet to wallet transfers or interactions through the contract done by someone with credentials. The goal here is for us to have a dApp that combines contracts and web3 code to make it easy to do mass airdrops, awards, NFTs, etc. + +Website: FOXFINANCE . IO + +Contract address: 0xFAd8E46123D7b4e77496491769C167FF894d2ACB + +Telegram: Foxfinancebsc + +Twitter: foxfinancebsc + +Discord: djEbkq2q + +bscscan: [https://bscscan.com/token/0xfad8e46123d7b4e77496491769c167ff894d2acb#balances](https://bscscan.com/token/0xfad8e46123d7b4e77496491769c167ff894d2acb#balances) + +How to Buy: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfad8e46123d7b4e77496491769c167ff894d2acb](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfad8e46123d7b4e77496491769c167ff894d2acb) (slippage 12-15%) + +Chart: [https://poocoin.app/tokens/0xfad8e46123d7b4e77496491769c167ff894d2acb](https://poocoin.app/tokens/0xfad8e46123d7b4e77496491769c167ff894d2acb) + +DYOR - this project was only released on March 16th and remains in an early stage of development. We have an organized and dedicated team working to consistently deliver on our roadmap promises, but it would be reasonable to expect higher market volatility at this early stage. We have applied for Coin Gecko and Coin Market Cap listing and have confirmed that our application is all in order - we are waiting on this and hope to hear some good news soon, but it is not a priority for us. We are keen to build the largest level of ground-level support, legitimacy and technical roadmap completion possible in order to make our listings an explosive force multiplier for FOX value growth! Please be aware that there are other tokens with a similar name listed - please be sure to use the correct contract address or direct link above. +I'm relatively new to investing in dividend companies, but I'm shifting upwards of half my portfolio in that direction. Does anyone else avoid certain companies because of what they sell? Doing so was much easier when I traded stocks more actively, since there are so many, but I'm looking to invest more passively (life is getting busier), including in companies with dividends; there are fewer dividend-yielding stocks, so it's harder to avoid those companies/industries without holding back my portfolio's growth. I'm torn on the ethics between making my own money (good) and giving power, however tiny, to a company I don't want to support (bad). For example, $MO (Altria Group) has a big dividend at 7.20%, but I really don't want to support the tobacco industry, even by purchasing just one share of stock. I've seen a lot of portfolios shared on this sub that include $MO. Am I the only one who struggles with this money vs. ethics issue? How do you all square that circle? +$KODI is the next generation of BNB auto-redistribution tokens. Not only will $KODI provide its holders the luxury of earning passive income (BNB) by simply holding KODIAK tokens, they’re bringing the first ever Entertainment Hub to the BSC network! + +🎙 **Entertainment Hub** + +The BETA launch will include a 24/7 Radio which will be bringing you everything entertainment such as podcasts, music, and much more! This will provide an eventual revenue stream that will directly benefit $KODI holders down the road. + +##Tokenomics Breakdown + +💰 **Max supply**: 100 billion + +💠 **Tax Fee**: 13% + +♻️ **BNB Redistribution**: 7% of all transactions have BNB auto-redistributed to $KODI holders. Auto-claimed every 60 minutes + +🔐 **LP Allocation**: 3% of all transactions go to liquidity pool + +💎 **Sell Fee**: 3% extra to all sells with 2% to the BNB dividend pool and 1% to LP + +🐳 **Anti whale/dump lock**: Sells are restricted to less than 0.1% of the total supply + +📱 **Marketing and Development**: 3% tax goes to a separate marketing BNB pool. A marketing wallet with 5% of the total supply will also collect BNB. + +🕹 **Sweep Widget**: the SweepWidget tool will be used to hold contests to give all TG members a fair chance at earning a spot on the presale. + + +##Token Launch + +📟 **DXSale Presale** 📟 + +**Details**: + +Thursday August 12th, 2021: 16:00 EST + +🔰 **Soft cap**: 300 BNB + +🔰 **Hard cap**: 450 BNB + +KODIAK is going to launch on DXSale Network using their new whitelist feature to help minimize the use of bots. This will help more dedicated members get into the presale and further ensure the projects success! + +KODIAK token is a place where all crypto enthusiasts bear-long! + +🔥 Come join the TG for your chance to earn a spot on the whitelisted presale! SweepWidget will be used for competitions to give all members a fair chance at earning their spot! Launches August 13th, 2021! + + +——-Additional Links———- + +🌐 **Website**: https://kodiaktoken.com + +📬 **Telegram**: https://t.me/kodiaktoken + +🐦 **Twitter**: https://twitter.com/KodiakToken?s=20 + +📸 **Instagram**: https://instagram.com/kodiaktoken?utm_medium=copy_link +Yesterday a delivery driver backed into my car and shattered the back window and destroyed the hatch to my 2016 Prius. We got all the information, filed a police report, but now the manager of the company doesn’t want to get insurance involved, they just want to “handle everything internally”. + +I definitely want insurance involved right? + +Edit: Thank you so much for the quick responses! After calling the companies insurance, apparently this is one of MANY times this has happened, the insurance agent said that the company is just trying to avoid premiums. We will be going through insurance as they said we can pick the shop and they will provide a rental car as well. +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. +Look, I'm just going to be blunt here. They're probably going to get the sub pulled. Reddit's rules are offensively easy to manipulate. Even the basic spam mitigation techniques implemented by the mods on Superstonk are comically easy to manipulate. I know this because I implement these things professionally, for businesses. + +Hedgies can launch an artificial brigading campaign and make it point back to Superstonk at any time they want. They have the accounts. They have the motivation. They are criminals. We know all of these things. + +They're counting on you focusing on the Internet. You don't need that either. From day 1, there has been only 1 things Apes could do to impact this situation. DRS. That's it. DRS. Everything else is noise. I won't try to speak for you. But I'm an investor who is incredibly excited about Gamestop and the future for that business. I know the best way I can support the company is by buying/doing business with them and direct registering my shares. + +If Superstonk disappears, you know what I'm gonna do? Keep buying and DRSing. I'll miss you crazy, goofy bastards. But I'm an INDIVIDUAL investor. I've chosen my path. + +Not financial advice. +This is a selfish post because I'd actually like some high level discussion instead of shallow discussion of fad stocks. + +So many of these posts are "Give me fish" when--if people are really serious about investing--posts should be "How do I fish?" related. + +For example, how much importance do you put on the P/E ratio? Does it differ by sector? Are there any instances where you'd disregard it? + +That's just a hypothetical, but it's the kind of discussion that I'd absolutely love to see on this sub. Not "Which stock to invest in?" or "What do I do with my X amount of money?" There's so much interesting content to think about and we seem to never touch upon any of it. + + +Let me know what you think of this portfolio that includes 12 stocks in 11 industries including banking & capital markets, oil & gas, information technology, aerospace & defense, tobacco, food & beverages, life insurance, communication equipment, software, and home improvement. + +The goal is to not only receive superior dividend payments and earn passive income, but also achieve short term and long-term gains in the underlying stocks that beat market gains. Passive income from dividend is more than $10k, and this is on top of $63K YTD gains achieved by this portfolio. YTD gains from the stocks of the portfolio is 23.72%, 6.14% better than the S&P500 YTD, and the average dividend yield of the portfolio is 3.03%, more than 2x the dividend yield of a SP500 index fund, without having to pay any management fees. + +Stocks include AFL, CSCO, GS, XOM, LMT, IBM, LOW, MCD, MSFT (compensates with 400% 5year gain, hard to keep up yield with those types of gains), PFE, PM, and PRU. I explain why I picked each of the stocks I picked in more detail. Reasoning behind my picks (much easier to talk about it than to type it out) provided in link below. + +[https://youtu.be/HEroXGgeu54](https://youtu.be/HEroXGgeu54) +(CNBC) Amazon reported better-than-expected third-quarter results after the bell on Thursday, including soaring profits and 37% revenue growth. + +The stock bounced around in extended trading after Amazon provided a wide guidance range for the fourth quarter. + +* **Earnings:** $12.37 vs $7.41 per share expected, according to analysts surveyed by Refinitiv +* **Revenue:** $96.15 billion vs $92.7 billion expected, according to analysts surveyed by Refinitiv + +Amazon said sales in the fourth quarter will be between $112 billion and $121 billion, which comes out to growth of 28% to 38% from a year earlier. Analysts were expecting revenue of $112.3 billion. + +The company forecast operating income of $1 billion to $4.5 billion, assuming about $4.0 billion of costs tied to COVID-19. That's a step up from the second quarter, when Amazon said it would spend more than $2 billion on coronavirus-related measures, including procuring personal protective equipment, enhanced cleaning of its facilities and wage increases. + +Amazon continues to be one of the biggest beneficiaries of the pandemic, as consumers flocked to the site for essential goods, groceries and household items. Amazon is expected to face even greater demand heading into the holiday season, with shoppers likely to do the bulk of their gift buying online instead of making trips to the store. + +"We're seeing more customers than ever shopping early for their holiday gifts, which is just one of the signs that this is going to be an unprecedented holiday season," Amazon CEO Jeff Bezos said in a statement. + +Bezos also touted Amazon's recent job creation and treatment of warehouse workers, which has been a subject of scrutiny in recent months. The Amazon CEO pointed to Amazon's $15 minimum wage and challenged other large employers to "make the jump to $15." + +Amazon is one of few companies that has continued to grow its headcount amid a broader economic downturn due to the coronavirus crisis. The company now counts more than 1.12 million full-time employees across the globe, an increase of 50% year over year. That figure doesn't include Amazon's network of contractors and temporary workers. + +Amazon's cloud-computing unit, Amazon Web Services, generated sales of $11.6 billion for the quarter, up 29% year over year and in line with analysts' estimates, according to FactSet. Operating income in the segment of $3.54 billion topped estimates of $3.45 billion. The segment was helped by millions of people working from home.   + +The company's "other" category, which is primarily comprised of its advertising business, saw revenue of $5.4 billion, up 51% year over year. Subscription services, which includes revenue from Prime memberships, climbed 33% year over year to $6.58 billion. + +Once again, third-party sales grew more than Amazon's first-party business. Third-party sales increased 55% year-over-year, while first-party sales grew 38% year-over-year. Sales fell 10% in Amazon's physical store unit, which includes Whole Foods Market. + +Amazon shares are up 74% this year, the best performance among the five most valuable U.S. tech companies. + +Three of those companies — Apple, Alphabet and Facebook — also reported quarterly results after the bell on Thursday and all exceeded analysts' estimates. + +Amazon will hold a call with investors to discuss its third-quarter results starting at 5:30 p.m. ET. + +[https://www.cnbc.com/2020/10/29/amazon-amzn-earnings-q3-2020.html](https://www.cnbc.com/2020/10/29/amazon-amzn-earnings-q3-2020.html) + +&#x200B; +*Jack Bogle. DCA VTI till you retire. Go with the 3-Fund. Just buy the S&P. You can’t beat the market consistently over 10 years. Etc...* + + +Times have changed. Funds like ARK exist and could be changing the game with a new approach. Guys like Chris Camillo have averaged over 60% annually 15+ years through social arb investing. + + +At what point do we consider that times may have changed enough for traditional methods to be challenged? + + +EDIT: Great discussion everyone... well aside from a few condescending geniuses who seem angry at the world. I hope you find peace. Anyway, I’m gonna yolo on MindMed for the foreseeable future and then diversify following Chris Camillo’s social arb style (see Dumb Money Live podcast or the book Laughing at Wall Street). Best of luck to all of you who plan on buying the index and retiring comfortably in your 60s. Nothing wrong with playing it safe. As for me, I’m gonna try my hand at taking on risk and being aggressive so I can retire before I’m 40 (30 now). ✌️ +After this week and seeing the massive presence of members of the sub, I’ve been keeping track of how many users are online. The peak of this was 197,000 but we’ve been averaging about 150,000 for about two days straight. Today, the number has slowly declined to about 80,000 about 15 minutes ago. All of a sudden it dropped to 24,000 at 11:20PM. It’s safe to say that most likely 100,000 accounts here are either bots or old accounts used by shills to maintain an online presence. + +In accordance with other posts regarding this matter, please be prepared for massive FUD and vote manipulation in the next few days/weeks. I’m prepared to sort by new to downvote and report any funny business but it seems that roughly 1/3 of this sub is compromised in some way. + +Apes, we’re almost there. Keep them diamond hands. + +Edit: people are commenting movie subs have gone down from 40,000 online to 8,000. WSB is down too. I’ve been taking notes of that sub as well and the last I checked (around 10:00PM EST) there was 115,000 online. It’s currently down to 36,000. + +Edit 2 (12:14AM EST): To give everyone a rough estimate, between this sub, WSB, amcstock, and GME, roughly 200,000 “users” went offline within 10 minutes of each other. + +Edit 3 (12:19 AM EST): we’re back up to over 40,000 online users. Amcstock is back up to 22,000. WSB back to 46,000. Roughly 45,000 “users” just logged back on in less than 5 minutes. + +Edit 4 (12:22 AM EST): in 3 minutes from my last edit, we just jumped to over 70,000 online users. + +Edit 5 (12:37AM EST): I’ll be keeping better statistics of the online activity of this sub and will try to make DD on it this week. If anyone would be willing to PM the exact number of online users at the top of every hour tonight until 8:00AM EST, that would be much appreciated. + +Edit 6 (12:41 AM EST): Amcstock just shot back up to 32,000 online + +Edit 7 (1:09AM EST): For those who suspect its Reddit-wide, I’ve been following the stocks and stockmarket subs for the last hour as well. Stockmarket has remained at 2,250 online and stocks has remained at 7,500 online for the last hour. I find it very suspicious that only the meme stocks are having intense fluctuations of online users in the last two hours. This sub has been subject to the most fluctuation by far with around 50,000 “users” coming back online within ten minutes of each other (time window from 12:14AM EST to 12:22AM EST). + +Edit 8 (7:25AM EST): I just want to thank the apes that commented and PMed me times and online user statistics while I was asleep. You all are the realest. I promise I’ll release my results this week with hour by hour information as well as the growth rate of the sub. + +Edit 9 (8:29AM EST): changed flair to possible DD. I think it fits the posts more so. +I recently started working as a meter reader and it has been pretty good apart from dogs and extreme weather. The pay is really good as well 27 an hour, I work what ever times I want and time goes by quickly. + +But i've recently just had an interview for 99 bikes for a part time sales position. I'm a really passionate cyclist which is why I applied. It would be nice work in a airconditioned building again and not be tired from walking at the end of the day. + +Only thing is the pay wouldn't be that good, level 1 retail award rate part time at 18 years old is like $16 an hour. You do get comissions though, could anyone give me an idea how I should factor that in? + +Do you think I should take that big of a pay cut for a job I think I would like more? It's risky because I might not end up liking it that much. + +I'm planning on going to uni this year and living at home with parents so money is mainly just for things like car/myki and entertainment. +More of a reminder really as I'm sure most of us already know this... + +If you understand the importance of having a diverse portfolio and not to react to short term changes (dependant on your goals), there is little point asking strangers on the internet what they think is good to buy or in basing your investing decisions on what people on here think of your portfolio. + +Just because several redditors think, for example, investing in a particular fund isn't the best idea, that's their opinion. If you act on their opinion, it suddenly starts going up and you miss out on it then it's your own fault for missing that opportunity. + +TL;DR Have confidence in your own choices. Don't take internet opinions as objective truth. They are merely opinions. +*It is interesting to listen to non commercial landlords, (they have one or a few rentals) They tell you this "horror" story of their tenant from Hell as if the world is coming to an end. How the tenant cheated them out of hundred of dollars, as if that was a big deal. Multiple unit landlords can't even relate to the passion of these guys. This is as common as paying the power or water bills. People lie, cheat, deceive, threaten to sue, destroy your assets. Don't landlord if that gets to you! We have 98% great tenants' so will you! But the bad ones are pathetic!* + +Feel free and vent! +Just like the title says, I looked at my phone and said I got a payment of $3000 and the note said “don’t spend it all on hookers”.... + +I will gladly not spend it all on hookers, but I am so confused as to who this person is and how I ended up with this money. I think it was an accident, probably typed in the wrong phone number on zelle. Now the question is, what can I do on my end? When I spoke to the bank associate over the phone they said that due to privacy laws they can’t see information on who sent it or how to get in contact with them. + +I don’t wanna go to jail for spending what’s not mine so it’s been sitting in my account for a few days now. But I don’t really want to have funds that’s not mine in my account so.... anyone have advice on what to do in this situation? + +Edit: + +No updates as of yet! (6/28/2020) +The money is still in my bank account.. +I called the bank and they’re telling me I could reverse it on my own but I was told that if I send it back right now it could get messy if the person who sent it find out later they sent it to the wrong place and requests it to be returned, meaning I’ll be out of my own money if they requested it to be returned. +Zelle tells me they can’t tell me any contact info of the sender either. +So I’m stuck here with this money until they realize their mistake. + +Edit 2 for anyone who is still following: +7/16/20 - nobody has claimed it yet, no contact from the bank, nothing. I am going to still keep it in there as BofA has a 180 day policy to request money back. + +Edit 3: 7/23/20 - my bank called me and they told me that the person who had sent it requested it back & asked for my permission to send it back. I agreed, since once again- it’s not my money. +Kind of relieved that this is finally resolved! But kind of annoyed that I had to make another checking account just to move my finances -___- +But hey I feel good. I feel like I did something good. +I’m feeling this way and wondering if others share the same view. The main reason being realising that the value of an apartment may not go up as much as a house. +They have tweeted to their millions of followers. It's not just us anymore everyone is watching. This is historic. Don't sell until high 4 figures and let's make this count + +IF MELVIN BECOMES BANKRUPT THEIR BROKER HAS TO COVER IF THEIR BROKER BECOMES BANKRUPT THEIR BANKS HAVE TO COVER -> SHORTS MUST REPAY IN THE END SHORTS CAN SEE OUR LIMITS. THEY PAY ROBINHOOD FOR EXACTLY THIS TYPE OF DATA!! BUY THE DIP IN THE AM AND SET A LIMIT ORDER FOR 6942.00!!!! + +Here is my DD: + +I like this stock! + +My gf likes this stock! + +Her bf likes this stock! + +we have decided to buy this stock, and hold it, thanks for your attention! + + +Edit: https://twitter.com/jarule/status/1354812123080138759 + +Ja Rule has spoken +This is a genuine question, I never understood the need for emergency fund that big. Can someone explain? I only hold a 1 month emergency fund. From my point of view, emergency fund should only be big enough to give me time to withdraw from S&S ISA if shit was to hit the fan or until I can get a new job if I somehow lost my job tomorrow. Given the current inflation, keeping that much cash, even in savings account is just steadily losing money, no? I know wiki says you shouldn't keep emergency funds in unpredictable ways but index funds are safe enough (your fund may go up an down a bit but not a great deal) + +What am I missing? +Yup, you read correctly. That’s a hundred milly. For each share. Please don’t come at me with how unrealistic that is, or ‘the govt will stop’ or there’s not that much money out there blah blah blah. + +I don’t care. I really just don’t give a shit about the shill/fud bullshit. I’m not telling you what to sell your shares at. I’m telling apes what I want. + +I’m anchoring my mind to a number. +A big number. For no other reason than this, in this one unforeseen, ‘infinite loss’ flight into the unknown? I’d hate to get off early and then see that it ends up being possible to take a massive chunk of cash home. This is a one off Black Swan. A fuck up by the greediest bastards on earth. They are wide open to an infinite loss situation. I have no fucking idea what will really happen. And that’s the thing. There is actually enough cash there. Maybe not for every share... that’s true. but then again, every share is not for sale or will be sold. + +Which is the crux of the issue. If GME is naked shorted past 100%? If the float gets locked? And Moass triggers? Then the system needs to buy everything that’s available. Which can’t happen. Cause some crazy fuckers won’t sell. At all. Ever. And so the system cannot close the positions. + +So...here’s me. I want 100 million. Why? Cause I like that number. I’ve liked it for a while now, plus the bizarreness of the situation tells me it’s possible. Yeah I know, not every share can be sold at blah blah blah. Saying it again, not ALL shares.... just a handful at the peak of the spike. And if I ever see 1 million per share I’m calling it proof of concept and it’ll make me more determined than ever. + +So. Saying it out loud. Here’s my Price Anchoring post. + +$100 million. + +Now one of you greedy fuckers please tell me it’s not enough 😁 + +See you on the moon. 💎👊🏼🦍 + +Edit- you lot blow me away. I threw this up to annoy the shills and here you all are updooting, awarding and commenting like crazy. Apes hooting and hollering and throwing bananas everywhere. Makes me smile. + +And the number of you who say I’m lowballing . +Like I should think bigger? Hmmm, Bigger... starts with a B. Umm, really? We gonna use Billions?? 😱 Well then, I really hope some of you get there. Go be the change you want to see in the world.😁 +Due to the large emphasis and growing potential of seaweed farming in India, there seems to be a great opportunity to invest in seaweed stocks. I was unable to find any such listed companies. Are there are listed companies on NSE/BSE that is into seaweed farming? And what are your thoughts on the future of seaweed farming in India and investment opportunities? +Hello, + +I know this is different for everybody but to me trading on personally important days like the day my grandfather died, my significant others or my birthday, day of a big exam or presentation at work, etc. carries more risk for emotional turmoil. So I always think twice about trading that day because I am trading for consistency and don't want to take the risk of doing something stupid hurting my account and the rest of the day just because "I needed to trade". + +The market will always be there (at least in the mid-term future) <3 + +I wish you all the best for today, as I will not be trading. See you tomorrow! +Plenty of talk the last 6 months about irrational exuberance, bubbles and the potential for a big crash. Lots of focus on the macro and predicting possible futures. It's not a bad mental exercise. Thinking through different events and the primary and secondary effects they could bring to bear. Occasionally these exercises yield undiscovered risks and rewards. + +***The problem is making specific predictions in a complex system.*** Complex systems like the economy, weather, international relations, and an ecosystem defy *reliable prediction*. All of these different systems contain cascades, feedback loops, and no shortage of unknown relationships and invisible variables. Dominoes that can break in any direction, grow, shrink, explode, implode or evaporate. + +NOAA suggests the 5 day forecast is accurate about 90% of the time. The 7 day, about 80% of the time. The 10 day? [It's a 50-50](https://scijinks.gov/forecast-reliability/). *10 days from now the best weather modeling in the world can't do better than you or I flipping a coin.* + +Here's the amazing part. That's just the weather! Weather is little more than physics at work. Most of the variables and heaps of historical data readily at hand, and ***physics is a hard science***. The rules really don't change. Gravity is the same yesterday, today, tomorrow. The speed of light, to the best of my knowledge, is constant. And fast. Really fast. + +So if a Meteorologist struggles to predict weather 10 days out - in a hard science, with lots of data and predictable constants - what chance do we have making predictions in a soft science system at least as complex, involving people? + +To my knowledge, none of us own a time stone or have Dr. Strange on speed dial. We can't peer into all the possible futures, much less figure out what probability any have of happening. + +How do we resolve this problem of when (or even whether) to buy when markets are daily breaking all-time highs? + +Make decisions based on the facts available for an individual concern. + +A great example hit me today when I was grocery shopping. Ground beef was on sale (really good sale too, half price). $2/lb. The last year I've rarely seen it less than $4/lb, and for a while during the worst of Covid it was $5 or $6. At least in my area, most meat prices were in line with this. I haven't eaten any steak in probably six months. I only buy meat on mark down. + +So did I sit and think about the macro trends regarding meat prices, and hem and haw over whether ground beef might be *even cheaper tomorrow*? No, I bought a pile, and now I have a bunch of frozen spaghetti sauce, taco meat, and some hamburger patties in the freezer. Along with a sink full of dishes. If I see ground beef even cheaper next week, I can always buy more. + +Similarly apples were on sale. This could be due to the seasonality, supply chains, or just some quirk regarding apples in my particular area. Maybe Argentina or Washington State had a great apple growing season. Who knows. Who cares? Apples are cheap and I like apples. Bags of apples were upwards of $5.50 for a while and now they're selling at $3, so I got a couple bags. + +I still thought about the different macro economics that might be bringing down meat prices (chicken and pork also had come down somewhat in price). Maybe meat-packing plants and supply chains are getting fully back in swing. Maybe they have some over-production from the supply crunch and have to move the product. Maybe it's just the right time of year. Meat and fruit are both very time sensitive. + +I didn't however, base my decision on some hypothesis about the macro environment. + +Businesses are no different. ***When you identify a really good bargain, the time to buy some is now***. There's no law against being a bit early and dollar-cost averaging all the way down. If it's a bargain but you think it probably has more room to drop, commit a piece of your available capital and wait. Price goes down, the bargain just got better - time to put more capital to work. Price shoots up right away, that's OK too. You own a piece and your bargain is paying off sooner rather than later. + +This isn't an excuse to rush your research or rely on a single metric and make a snap decision. It is a mindset to avoid trying to catch the very bottom price, which typically results in watching your bargain pass you by. + +The market might crash next week. Or next month. Or stocks could keep creeping upwards for another five years. There is just no telling, and it's a fool errand to try and forecast the economic weather a year out. +Hi guys! + +Very happy to have found this sub reddit. I have been a value investor for a few years now and I love it (love my returns \^\^). + +I love Sven's sheet, however I can't wrap my around around how to use (or what to specify in) the **terminal multiple** cell (for each type of scenario). + +Can anyone help me (1) understand what the terminal MULTIPLE is and (2) how one can arrive at a number to specify for each scenario (worst, normal, best case)? + +[Source](https://svencarlin.com/how-to-calculate-intrinsic-value-formula/) + +Thanks in advance! +What are some good sources for understanding specific industries as a whole? Any insight is welcome. + +Which ever industry you know best. I don’t want to effect the results by mentioning an example. + +What does it boil down too, what makes it move, what is it really about, what are the relevant metrics and why? +Hi. + +&#x200B; + +When looking into Alibaba, I came across this: [http://www.deepthroatipo.com/alibaba-december-quarter-2020-results-q3-fy2021/](http://www.deepthroatipo.com/alibaba-december-quarter-2020-results-q3-fy2021/): "This $5.7 Billion Valuation Gain, by my calculation, puts total Accounting Shenanigan (Asset Write-Ups) at more than $60 Billion, or roughly ¾ of the $88 Billion of Retained Earnings currently on the books accumulated since the IPO. " + +Does anyone know what he means by this? How can he from these last earnings get to a $60 billion asset write-ups since the IPO? +I’m pretty new to thetagang still and because I wanted to protect myself from too many unknowns, I’ve only ever been selling weeklies far OTM for anywhere between 5-10 dollars here and there. For fun, I looked at what happens when I zoom out half a year on these options… + +My jaw dropped from seeing how juicy the premiums were on selling long dated puts on AAPL. + +For example, let’s take January 20, 2023, 140 dollar strike + +I’m using IBKR and it shows that I would lock up roughly 2400 dollars of margin. + +In return, I get a whopping 4.70 premium as of this time. Nearly 500 dollars to make a bet that AAPL will close above 140 by January? I’d say that’s a very good bet. + +And if I do lose this bet and get assigned, I can also begin selling covered calls? Assuming AAPL doesn’t just continue to drop this seems like an incredibly good idea… + +Isn’t this too good to be true? Or am I missing something big here? +On January 8th, 2017 I made what at the time was the dumbest decision ever. I put all of my life savings into ether - just a few thousand dollars. I literally had maybe $40 left in my bank account at the time. + +I just got out of school and was working 2 jobs. 1 at Staples and 1 doing graphic design work for a furniture store. I discovered r/ethtrader somehow (I think a friend linked me) and after a week of pouring over everything I could find on reddit and online I was convinced that eth was the "next bitcoin". + +I told a friend of mine who told me it was a dumb idea (he was probably right). And that same friend later asked me if I thought $300 was still a good price. He ended up getting in at $450 or so. Today he is trading every shitcoin he comes across. + +So anyway - I really wanted to thank this community for everything. Without you guys I wouldn't be as lucky as I am today. I have no more debt and a healthy savings account that's all probably going into mutual funds. + +Why did I sell? After we broke the $300 wall I promised myself I would hold until I can sell for long term capital gains. That was today. I totally believe eth is going way higher - in fact it's up $50 since I sold, but I wanted to stand by my decision and not second guess. I hope eth flies past the moon and enters the next solar system for all you hloders. + +I know the internet is filled with stories and I have no way of proving any of this to you. But here is my account a few hours ago https://postimg.org/image/k2giseoln/ + +And now I'm drinking some whiskey and can't believe this is life. +>"The whole, or almost the whole public revenue, is in most countries employed in maintaining unproductive hands... **great fleets and armies, who in time of peace produce nothing**, and in time of war acquire nothing which can compensate the expence of maintaining them... themselves produce nothing, [and] are **all maintained by the produce of other men’s labour...** Those unproductive hands... may consume so great a share of their whole revenue, and thereby oblige so great a number to encroach upon their capitals, **upon the funds destined for the maintenance of productive labour**, that all the frugality and good conduct of individuals may not be able to compensate the waste and degradation of produce occasioned by this violent and forced encroachment." + +[Adam Smith, The Wealth of Nations - Book II - part III. "Of the Accumulation of Capital, or of Productive and Unproductive Labour"](http://www.bartleby.com/10/203.html) +[BOOM](http://www.cnbc.com/2018/06/06/shorts-against-teslas-stock-lose-more-than-1-billion.html) + +How come this wasn't posted with all the other Tesla news here we get every day? How much did y'all lose? + +> Tesla bears have lost nearly $5 billion in mark-to-market losses since 2016, S3's head of predictive analytics Ihor Dusaniwsky told CNBC. + +Ouch. + +Refer [here](https://www.servicesaustralia.gov.au/individuals/services/centrelink/jobseeker-payment) and [here](https://www.servicesaustralia.gov.au/individuals/subjects/affected-coronavirus-covid-19). + +Further, you don't need to provide medical evidence if you claim Sickness Allowance. You may be exempt from [mutual obligation or participation requirements.](https://www.servicesaustralia.gov.au/individuals/subjects/job-seekers-coronavirus-covid-19) If you are isolated or quarantined you can contact Centrelink via phone. There are also Major Personal Crisis Exemptions. +17 male. $25k saved. + +Hey guys, 25k saved here and I’m wondering where to allocate (I work a lot). I rarely ever spend money and have 1500 in VOO in a Roth IRA. What other investments should I make into my Roth IRA to max it out this year? Also what other investments can I make? (I will not invest in crypto so do not comment that lol) thanks! +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + +To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! +Good friends of /ETFs, chiming in as someone rather new to investing; I'm curious if there are any strategies for ETFs portfolio mixes that have the potential for 5 to 10 year growth or dividend payout potential. + +Pardon if this seems like an amateur question. Earnestly looking for ways to put my money to work for me. + + +Thanks for the thoughtful replies in advance! +40 yo just starting to set aside some retirement $$$. I have 401K accounts with my previous employers that I’d like to move to a traditional Roth that I opened with JP Morgan. I want to do 80% ETFs and 20% individual stocks. + +Depending on how the market is going and when I get my cheques from my previous plans it should be roughly $60,000. Considering I have 25 years of working left how would you advice me on investing strategies when it comes to ETFs? I plan on contributing $500 a month into this account. + +What would be the ideal contributions for the different funds to different classes?i.e. kind of assets, US vs international, sector e.t.c. +I thought we were done with the four hundreds. I was wrong. + +I thought after hanging out at 600 for so long we were going to pop up. I was wrong about that too. + +But I did figure out that if you take Deep Eddy grapefruit whiskey and mix it with just a splash of Margarita along with some ice water and lime juice, that your wife can get really drunk on your anniversary and you tend not to worry about anything in the world. + +[https://i.imgur.com/SxQskgq.jpg](https://i.imgur.com/SxQskgq.jpg) + +In fact we got so wasted at the hotel that she was [doing headstands](https://youtu.be/dQw4w9WgXcQ) in the hallway. Swear to God it was amazing. + +But seriously though. If you can't stomach the swing get off the porch. I mean it. You better at least have a few Hobbies and do some exercise if you want to learn how to avoid checking the price every 5 Seconds. Or obsessing about it when you do. If you can't explain 1400 then don't try to explain 400. Both of my hunches were wrong... Days like this isn't when I panic sell, it's when I Panic Buy. So much uncertainty isn't healthy. But boy it can make for incredible Investments. I got to avoid spending money I don't have on days like this. So I won't. Got to learn lessons in both directions. + +I'll be around today check in on the moderator Que. If people are getting out of hand with the suicide nonsense then please ping me directly. + +I've got a little project I'm working on outside but I will be around. I'm building a table that has a 36 inch stainless steel grill & a stainless steel griddle. I had to repair both of those units from the trash to get them functional again. Basically got most of this stuff for free. The most expensive part was the 2 by 12 treated lumber on top and bottom. Today I'm taking an old door off of my wife's folks house from the last house they were alive in and using it to close up the front. It's a big heavy door that opens vertically. I'm using hydraulic struts to lift assist the door kind of like the back tailgate of a caravan. The door will hide all of those propane bottles and it will fold up into a table nice and easy. Think of this as a way for me to make fajitas and then have the table fold up to let people prep their plates. It's heavy as hell too. The legs are 6 by 6 posts and the frame is 4 x 4 posts. Oh and I got the old barn metal for free. + +[https://i.imgur.com/qcdKPjf.jpg](https://i.imgur.com/qcdKPjf.jpg) + +[https://i.imgur.com/VWfU2UE.jpg](https://i.imgur.com/VWfU2UE.jpg) + + +Anyway. Cheers to everyone here and keep your head up. This is some incredibly weird stuff with the entire Market behaving this way. Don't believe it we'll stay this way for very long. Big huge Hammer reversal at some point. And then we can start the bull market. It might be fall or winter. But it's going to happen when you least expect it that's for sure. + +I want the price to stay at a decent level for developers to continue their craft. No one eats for free. I don't see anything slowing down with developers anytime soon so that's my favorite metric of all. Just go look at all the jobs at Consensys and Coinbase right now. Stop what you're doing and go look at that list of jobs. That alone will put a smile on your face and let you realize that we are really in a very big dip right now. It's okay. Just let it ride. Of course that's my hunch and I've been wrong before. So just do you. + +Cheers and big hugs from Kansas City. +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! + +So I had a customer who really wanted 0% financing on his vehicle. The thing is we didn't have 0% financing offers on the vehicle he wanted. He however did have good credit and and got 2.99% APR. But he said he'd only buy from us if we could offer him 0% + +He had a discount on his vehicle of about $3,000 so I emailed a loan officer I work with alot (who had offered him the 2.99%) and I asked her if we wrote their bank a check for $3,000 would they let us buy the rate down to 0%. + +Long story short the bank said yes, because well $3,000 was more interest (not by a lot, but it was still more) then they would have made at 2.99% and they got all their profit up front. + +So we took the $3,000 discount away from the customer, he financed his car at 0% and ended up with a slightly higher payment and walked away feeling like he just won the lottery. + +My customer made the critical mistake of getting so hung up, on one little detail he negotiated himself into a worse deal. Now at the end of the day, my customer is only going end up paying about $200 more then he would have...but still. + +Also I did point out to the customer he was in fact paying MORE for the car at 0% then at 2.99% but he said it didn't matter cause of all the interest he'd save...he didn't get it, I sold a car, life goes on. + +Fyi + +Dude wasnt a muslim lol +I am looking for purchasing my first home, a duplex for house hacking. I have only heard success stories in this sub and podcasts I listen to. I would like to hear contrary experiences people have had. My dad keeps reminding me that this is a high risk business and a single issue (roof, AC, driveway) could unexpectedly cost me $10k, vacancies, tenant damages. He owns 6 rentals himself. He has personal friends that were forced for foreclose on many rental properties due to similar issues, especially the ones that leveraged debt across many properties. +&#x200B; + +https://preview.redd.it/ygqnz9bqyli71.jpg?width=700&format=pjpg&auto=webp&s=9d4e79e9eb8e295671ce966b2584333e71029fd1 + +*This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out* [How Do I Buy A Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/) + +# The Business + +&#x200B; + +https://preview.redd.it/7cj0u1nuyli71.png?width=1800&format=png&auto=webp&s=72e6a65b1d019a86a2d63edfcd29515d78fbb44b + +Slater & Gordon is a law firm founded in Melbourne, VIC in 1935. It today stands as one of the largest Australian consumer law firms, with 63 offices around the country. They specialize in personal injury, insurance, commercial, employment, and class action litigation. They are perhaps best known for their “No Win – No Fee” approach, which makes them easy to access by people at all levels. + +In 2007 they listed on the ASX and were one of the first law firms in the world to go public. Since listing, they grew quickly, aggressively acquiring smaller independent firms all over the country. In 2012, their sights expanded to outside the country, launching acquisitions in the UK for a number of years. + +These days, the 53% controlling interest of Slater is a holding company in Ireland, who are themselves owned by Anchorage Capital Group, a New York based investment firm. + +# The Checklist + +* Net Profit: negative 4 of last 10 years (4 of last 5 in fact). Bad ❌ +* Outstanding Shares: lmao. Bad ❌ +* Revenue, Profit, & Equity: dramatic drop L5Y. Bad ❌ +* Insider Ownership: 0% director interest w/ no buying LY. Bad ❌ +* Debt / Equity: 67% w/ Current Ratio of 2.5x. Good ✅ +* ROE: 1.7% Avg L10Y w/ -(1.0)% FY20. Bad ❌ +* Dividend: No dividends paid since FY15. Bad ❌ +* BPS $1.20 (0.6x P/B) w/ NTA $1.20 (0.6x P/NTA). Good ✅ +* 10Y Avg: SPS $2.62 (0.3x P/S), EPS -(2.0)cents (#N/A P/E). Bad ❌ +* Growth: -(26.5)% Avg Revenue Growth L5Y w/ +3.4% FY20. Bad ❌ + +**Fair Value: $1.25\*** + +**Target Buy: #N/A** + +^(\*Fair value is based off of the historical 10 year averages. However, I must note that this is not an indication of their current or future valuation by any measure. Furthermore, the average EPS over the same period is negative, so no target buy can be estimated.) + +# The Knife + +[marketindex.com.au](https://preview.redd.it/v9p2oj0nzli71.png?width=943&format=png&auto=webp&s=1038e1124403bd72fd9fd46e47157e5cc7acb860) + +I think the SGH chart is about as near as you can get to a stock flatlining. SGH was a stock that rose to such heights as to be included the exclusive ASX 100 list, considered to be amongst the 100 largest public companies in Australia. Now, SGH is not even included in the All Ordinaries. It is not even ranked within the first 1000 public companies by market cap. + +These days it’s not unusual for open market days to come and go without any trades taking place. Recently the CFO was announced to be resigning; this is just prior to the annual report coming out. Surely a movement would take place as the market reacts? Nope. + +Because of a 1:100 reverse stock split in 2017, the numbers on the chart above don’t lie. The current price as of close of Friday (20th Aug 2021) of 70cents, would in fact be 7cents had the split not occurred. This means that baghodlers who purchased at SGH’s all time high of $7.15 in April of 2015 would be down **\*\*\* 99.9% \*\*\*** on their investment today. + +# The Diagnosis + +The Short Answer: They got stung with a bad acquisition. + +&#x200B; + +https://preview.redd.it/fi7kxvvq5mi71.png?width=1000&format=png&auto=webp&s=dd34c0af4c66c547a8b10ed843ad03c5f1ee63f3 + +The Long Answer: Shortly after acquiring the professional services division of Quindell in the UK, media reports surfaced regarding investigations into how Quindell had represented their figures for the previous two years. SGH’s management in 2015 made a horrendous mistake when they acquired the division. It seemed that they had not done their due diligence properly on what ended up being a lemon of an investment—a billion-dollar lemon at that. + +Perhaps more importantly, when the writing was on the wall as red flags started to pop up and sirens were blaring everywhere, SGH’s management doubled down on their decision claiming they had done all their due diligence properly, there were no issues at all, and the figures were fine. + +&#x200B; + +https://preview.redd.it/4adj7wic0mi71.png?width=1000&format=png&auto=webp&s=d96537e68516827fa7dd136d49d7fec38ff0fa16 + +Except they weren’t; it was an issue—a very big issue. To add salt to the wound for investors, SGH had conducted a massive capital raise in order to fund the acquisition. To put this in some perspective, SGH’s market cap was roughly $2b when they decided to acquire Quindell for $1.2b. Just a year prior, SGH’s market cap had only just hit $1b. So for some, their valuation had outrun their fundamentals at that point already. Either way, this was an enormous acquisition for them. + +How could SGH have gotten it so wrong? Surely a bunch of smart lawyers couldn't have gotten it so wrong? + +There is an interesting phenomenon that educated professionals in other disciplines tend to be bad investors. Perhaps their advanced degrees lend them to be overconfident in their own abilities. As Benjamin Graham wrote, “The investor’s chief problem—even his worst enemy—is likely to be himself." It’s the peculiar problem in investing that sometimes a little bit of effort and knowledge is worse than none at all. Trying to get fancy with investment decisions can be fraught with risk, when simply putting one’s money into an ETF would have borne out better in the long run. + +Whatever the case may be, I would venture a guess that the dozens of lawyers at SGH at the time, whom had poured over the figures for Quindell and decided to go ahead with the acquisition, might be living example of what Graham was talking about. Maybe they should have just bought some VDHG with that $1.2b instead. 😺 + +# The Outlook + +SGH launched lawsuits since the deal to try to recoup some of the money that they lost, but... + +&#x200B; + +https://preview.redd.it/gw4wovy91mi71.png?width=1400&format=png&auto=webp&s=e450cc78df3389aeda50656ea74198b38eff56d7 + +After years of litigation, a judgement was achieved finally in 2019 pertaining to the allegations against Quindell (who had renamed themselves Watchstone at that point). SGH won only a symbolic victory. Their A$1.2b blunder that turned into a £637m lawsuit claim was reduced to a A$40m settlement, of which SGH expected to receive no money in payment. If anything, the courts more or less reaffirmed that SGH should have done their research a tad better. + +&#x200B; + +[The cases are real, the people are real, and the rulings are final!](https://preview.redd.it/863ypoif1mi71.png?width=800&format=png&auto=webp&s=ceb05d229e8e68aca5408acb31fa2b080614b765) + +Though, that’s was small comfort to the shareholders holding the bag on this one. Indeed, the fallout from SGH's mistake wasn’t the end of their woes. Shareholders had launched their own class action suit... against them. Ironically enough, the shareholders employed the services of Slater’s main competitor, Maurice Blackburn. That class-action is due to go to court in November of this year. SGH might be on the hook for even more money they don’t have. 😸 + +# The Verdict + +Just a mistake, it’s still good, it’s still good!? The underlying business is solid, right? Well… I have bad news… + +&#x200B; + +https://preview.redd.it/ghnnszk02mi71.png?width=1070&format=png&auto=webp&s=f2cc8cb2066539e8781716a4c62ee69e0b1f12a0 + +Looking at the 10-year historical figures, it’s hard to really know where to start. For one, the business seems to have utterly fallen apart since the 2015 fiasco. SGH did post impressive top line revenue in FY16, but it was marred by heavy net losses. Those losses continued until a brief respite in FY19 before posting another loss in FY20. + +They did show profitability in their 1H21 report, so perhaps there are some signs of a turnaround. But there’s a bit more to this stonk than simple revenue and profit figures… + +When the value of the Quindell acquisition was rerated, it dropped SGH’s equity by over 80% almost overnight. Problem was, more than what was left was actually just intangible assets, which eventually got stripped off the books. This left SGH with their equity almost $250m in the red in FY17. + +That instigated SGH’s lenders to force them into a recapitalization. This ended up being a 1:100 reverse stock split which dropped their current shares from 347.2m to 3.5million shares. Then in conjunction with that, a massively dilutive recapitalization which involved issuing another 66m odd shares. These were given directly to SGH’s lenders. At the end of the day, the entire shareholder registry previous to the changes were left with only a 5% stake of the company. + +On top of all this, SGH had to come back to the bleeding shareholders and lenders to run another massive capital raise in FY20, which doubled the share count again. Doing the math all the way back prior to the initial $1b raise to acquire the Quindell services division, the original 200m shares in FY14 account for about 1% of the current outstanding shares. + +&#x200B; + +https://preview.redd.it/5j3dg86a2mi71.png?width=1000&format=png&auto=webp&s=afd91b8b2f66e2ec35a028ff4f8ca1e2e7f7049b + +Capital raises seemed to be in vogue for the company throughout their history, with multiple raises done before and after the 2015 disaster. It would seem that SGH don’t have the best track record for making decisions for the benefit of their shareholders. Furthermore, they appear to be hopeless with investment decisions. Perhaps it’s no surprise then that it appears that none of the current directors own any shares directly. That's one investment decision maybe they got right. + +Even if their revenue and profit levels had not dived and the business was hypothetically pumpin’, I’d be inclined to give a wide berth to this stonk in virtue of their history on share quantity movements alone. As it is, this stonk is a dog from just about every angle anyway. The only people who seem to have come off better during the whole saga is the lawyers who've had a field day in court “cleaning up” the mess. + +# The Target + +I think I can say without question that there is no objective basis to establish any consistent fair price or target price at this stage. SGH would need to demonstrate 2-3 years of responsible capital management, with no further significant changes in the share count for me to have any confidence in putting a number on their value. + +I would also go as far to say that I’d personally need to see directors buy shares in a significant way to solidify the impression that they have changed their ways and have skin in the game now too. And with the last capital raise having occurred at the end of 2019, and directors holding onto none themselves, those things don’t seem likely to happen anytime soon. + +The only positive one might draw is that SGH's current share price is well below their net tangible book value. Perhaps someone with a lot of risk tolerance would want to take a punt? However, if there were another dilutive capital raise or a massive net profit loss in future, it would bite into that equity. The $1.20 on paper book value right now is worthless as a bearing for any future investor. The market might have it right, with the current share price floating just a bit over half of that value. + +# The TL;DR + +Slater and Gordon are one of the largest Australian consumer law firms. Listed in 2007 on the ASX, they were also one of the first firms in the world to go public. After a meteoric rise, fuelled by aggressive acquisitions, they met their match when they bought a $1.2b lemon of a company in the UK. + +The management of the time doubling and tripling down on their decision-making didn’t help matters; shareholders lost confidence. Fundamentally, the company from an investment perspective was destroyed. A massive capital raise had been required to fund the acquisition, and once the dust settled, Slater was trading with negative equity and forced into a recapitalization. + +The sorted history on this company says enough that one would have to probably be a bit insane to invest in them now. The total shareholder registry prior to the UK acquisition now represents only about 1% of the current shares. And the pain might not be over, as the previous shareholders are due to go to court in Nov in a class action against Slater for their mismanagement. + +This may be the worst former ASX200 company still on the exchange today, in terms of overall investment performance. + +*As always, thanks for attending my ted talk and fuck off if you think this is advice.* 🚀🚀🚀 + +*I'd love to hear other's opinion on SGH and whether there is potential here that I am not seeing. Also, suggest other dogshit stocks that are/were on the ASX 200 index, and I might put them on the watchlist for a DD in future editions of this series.* + +*On Deck Next Fortnight: SXL* + +*Currently on the Watchlist (no particular order): DCG, CGF, URW, IPL, Z1P, SXL, RFG, DCG, AZJ, FLT, QAN.* + +[Previous Editions of Catching the Knife](https://www.reddit.com/user/Nevelo/comments/sfc7gi/catching_the_knife_series/) +Wasn’t sure how to phrase this. I read online about so many strategies to save taxes such as setting up a corporation, paying your kids a salary, paying parents and having them gift money back to you, etc. But, never had an accountant recommend any strategies. Just file your taxes and see you next year. EVERY accountant seems to be like this regardless of marketing speak about being your “partner”. Is there a different kind of professional that can help? Or have I just had bad luck? + +FYI I pay someone about $4k for preparing personal taxes for me and wife that include single family rentals in multiple states and multiple K1s. +These are just a few of my favorites currently — open to thoughts or discussion! I've been focusing mostly on long-term steady growth, consistent dividend payouts, and anything with a decent annual yield is a bonus. + +**Healthcare** + +PFE + +JNJ + + +**Tech** + +AAPL + +MSFT + + +**Telecommunication Services** + +CMCSA + +**Energy** + +XOM + + +**Materials** + +PKG + + +**Financial** + +JPM + +COF + + +**Real Estate** + +O + +AGM + + +**Consumer Discretionary** + +SBUX + +TGT + +HD + +TXRH + + +**Consumer Staples** + +WMT + + +**Industrial** + +WM + +MMM + + +**Utilities** + +AWK + +Edit: Formatting +Someone explain to me why I don’t just go with a 50% mix of SCHD and DGRO for my dividend growth account. I see so many people doing an elaborate mix of stocks. Div yield would be about 2.88% for this portfolio, easy to manage, well diversified, low beta and likely have good growth over the next 10-20 years. I’m honestly asking because I don’t know. Not saying this is superior or anything. Thanks! +Currently work at 'A' in FANG - have been there over 5 years. Have watched my RSU's appreciate nicely - originally getting them at $600 and now AMZN stock price is ~3250. + +As such, I feel I am kind of over exposed to AMZN. We have 20% (200k of 1mil assets) in AMZN stock. I'll continue to get ~30k more every 6 months in stock (more actually with an expected upcoming promotion) + +I feel I am a bit over-exposed especially since I work at AMZN as well. On the other hand, I feel like AMZN is in an excellent position in this pandemic. + +Do you think I should liquidate my position a bit? Maybe just sell all upcoming RSUs vesting and put them in index ETFs? I'm torn on this. The 75% of my portfolio is in mostly Index ETFs + cash. + +Thanks +[https://www.investing.com/economic-calendar/initial-jobless-claims-294](https://www.investing.com/economic-calendar/initial-jobless-claims-294) + +Forecast initially started around 500K, was adjusted to 750K, then 1M, and finally 1.6M late yesterday. Even with all those adjustments the estimates were doubled. Yikes. + +**Edit:** [Official Release Doc](https://www.dol.gov/ui/data.pdf) +Thoughts on Quant MFs? + +Their MFs are doing very good. But then, why the AUM is low ? Is it because they are more aggressive & people are wary that future returns may not follow the past results? + +They seem to do exceptionally well. TER is okay / good. What am I missing here? + +||3Y Returns|TER|AUM (in Cr)| + +|Quant Flexi Cap|37.2%|0.58|640| + +|Quant Tax|39.9%|0.57|1943| + +|Quant Absolute Growth|30.8%|0.56|681| +As a disclaimer, I have not actually tested anything regarding sentiment analysis. I have a little background in it, done some work with Twitter posts but that was in a different domain from stock trading. Basically making this post to learn from others' experiences and whether this is a route worth going down/if its worth the time investment. Has anyone found an edge in doing sentiment analysis? If so, could you possibly share any relevant details? TIA! +**Join the Telegram for 24/7 support & daily AMAs -** [**https://t.me/TacoCatCrew**](https://t.me/TacoCatCrew) + +**Ask the devs any questions you might have! - They encourage the transparency.** + +\--------------------- + +**When you think of the Binance Smart Chain what comes to mind?** + +When I think of BSC, the first things that pop into my head are moonshots, Ponzi schemes, and rug pulls... The one thing I haven't seen pop up yet is a legitimate business with real world products and mainstream media implementation. What **TacoCat** aims to achieve, is not only the moonshot aspect we all dream of and love, but it wants to revolutionize the way the mainstream media & investors view cryptocurrency as a whole. Whether you like it or not, times are changing and we are evolving technologically. Not only that, but it seems as if time is speeding up exponentially, and whether or not you attribute that to epigenetic evolution, or just a thing we all consciously feel, it's what's happening. What I'm trying to say is, you can either get on board, adapt with the changing markets, and learn along the way... OR... you can do what's comfortable, stay close minded, and be a sheep to the changes that are happening in the world. + +Elon Musk showed us that WE THE PEOPLE decided what has value. We saw GME first, DOGE second, and now **TacoCat**. Let these words marinate into your noggin as you either hop on board the metaphoric train, or sit back and watch as the train leaves the station. + +\--------------------- + +**Recap from the last post** : One of the devs has connections with some of the biggest names in the entertainment & business world. From what I understand, they aim to catapult this coin to DOGE levels in regards to mainstream attention, and that's not something that's every been done before in the crypto world with a brand to back it up. Understanding & grasping just how early on we are in this constantly evolving crypto space is the first step in realizing the potential this project has. The devs are the most genuine & transparent people of any project I've been a part of and I have unwavering confidence in their ability to take this project to otherworldly levels. + +This is fucking amazing & I encourage you to hop board now... Otherwise you'll be kicking yourself in the ass when your wife shows up on date night wearing **TacoCat** panties. + +**The investors mentioned above will be on the upcoming SatoshiStreetBets AMA currently in the works.** + +\--------------------- + +**🚀** **TacoCat** **🚀** + +\--------------------- + +**BUY HERE! -** [**PancakeSwap**](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB) + +\--------------------- + +**😺** [**Twitter**](https://twitter.com/tacocatcrew) + +**🌮** [**Telegram**](https://t.me/TacoCatCrew) + +**😺** [**Discord**](https://discord.gg/kwPG4edB) + +**🌮** [**Website Tacocat.Life**](https://tacocat.life/) + +**---------------------** + +Achievements in first 48 Hours + +\--------------------- + +* **PASSED** **~~5,000~~** **10,000 holders** +* **INSANE liquity stabilized at 20%-30%** +* **Listed on BogSwap &** [**Bogged.Finance**](https://bogged.finance/) +* **Successful Fair Launch - No presale so No snake whales** +* **Marketcap of** **~~$5 Million~~** **$20,000,000 just breached** + +\--------------------- + +**🌮 Community - Growing Quickly Come Join Us Cool Cats and Kittens in the** [Telegram](https://t.me/TacoCatCrew) **&** [Discord](https://discord.gg/XPQhnbwe) **Groups😺** + +\--------------------- + +**Taconomics? Like a Cat's 9 Lives there will be 9 % fees on Transaction** + +8% to liquidity pool + +1% to holders + +1,000,000,000,000 total tokens + +The wallets are SO evenly distributed : [**https://bscscan.com/token/0xa8fcee78b782ef97380326e90df80d72f025f020**](https://bscscan.com/token/0xa8fcee78b782ef97380326e90df80d72f025f020) + +**IMPORTANT - Good Liquidity is imperative to stable growth and control. It prevents whales from being able to manipulate the price & promises a safer investment long term.** + +\--------------------- + +**Locked Liquidity** + +**50% of Liquidity LOCKED for 6 months:** [**https://bscscan.com/tx/0xd714bb4f8a53993cf9581cb56d6e0726e281db252efaf80f9347702cfc990814**](https://bscscan.com/tx/0xd714bb4f8a53993cf9581cb56d6e0726e281db252efaf80f9347702cfc990814) + +**Remaining 50% of Liquidity LOCKED for 12 months:** [**https://bscscan.com/tx/0xb6ed6506d363a151d7e11add586f0e97e83732b3e11258a9a612ccbaf7737257**](https://bscscan.com/tx/0xb6ed6506d363a151d7e11add586f0e97e83732b3e11258a9a612ccbaf7737257) + +**🔥 100% LP tokens burned. 60% of all supply burned.🔥** + +**❗️ Just hit all time high with $2 million in liquidity ❗️** + +**---------------------** + +**✅ TOKEN ADDRESS: 0xA8fcEe78B782eF97380326E90DF80D72f025f020** + +**💵 Purchase on Pancake Swap:** [**https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB**](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB) + +**♻️ 8% fee AUTOMATICALLY GOES BACK INTO LIQUIDITY** + +**💎 1% fee AUTOMATICALLY GETS DISTRIBUTED BACK TO HOLDERS** + +**🔮 Contract Address 🔮**[**https://bscscan.com/token/0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66**](https://bscscan.com/token/0xA8fcEe78B782eF97380326E90DF80D72f025f020) + +**👌🏻 Ownership Renounced 👌🏻** +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: 1,048,576 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) +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) +Here's an idea. Let's all YOLO into GEAR and fucking offset our BBOZ losses. Shits going up since apparently a bat flu can't stop a money printer and unlimited QE = unlimited stonk market gains. + +Who's with me? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Ok, so after careful consideration - i've made some crazy moves in my portfolio today that i would like to disclose. I might regret these decisions, but, i will explain below the reasoning and my plans moving forward. Its a shame really that it has come to this and im still not so sure if it was the smartest move. Time will tell. + +I am up 150% on another investment (PSC)I am down a hefty amount on IVZ (had over $100K invested)(but luckily the gains on PSC have kept me afloat from the losses here) + +I decided to double down on PSC for the meantime and transferred all funds into it as i do still expect upside from that investment with a few upcoming catalysts (who knows, i may get double anal - but hoping it works out for the better). + +I plan to come back to IVZ when i think the time is right. + +What happened to IVZ? Theres a few reasons: + +(1) I think we may see sub 10c really soon with support broken and in a downtrend with no exciting upcoming catalysts other than seismic results (which we already got a brief look at) + +Drilling is going to cost \~$30M , and even if we farm in , we still need to raise 67% of the drilling cost ourselves (capital raise).This is going to see even more pressure on the SP. I wonder at what price will we raise if we're currently struggling to hold 10c ? What a shame considering the last raise at 11c was such a success and the SP never even dropped back to the raise price. It goes to show how angry shareholders are with the company. + +(2) The farm-in offer that we received significantly de-valued IVZ. That's the reason i believe for the further decline in the SP.  + +Cluff effectively bought 25% of the company for $10M. IVZ was previously valued at $100M , so that doesnt make any sense. (p.s they didnt buy part of the company, they bought part of the project, but IVZ doesnt have any other projects) - without this project IVZ would be valued at $0. + +Scott said the following: + +"Invictus is pleased to enter into the option agreement with Cluff Energy Africa and work towards formalising our relationship in the Cabora Bassa joint venture over the coming months." + +ie; hes excited and happy about this deal - the announcement didnt say "we have received this offer and will evaluate it etc" - it sounded like he really wants to go ahead with it after re-reading his commentary on the second page.  + +IMPORTANT: For those that say this is just an optional offer (true) and the company had to announce it in the way they did (Not True).IVZ never disclosed the details of the old farm in offer that was cancelled - it was just disclosed that they were reviewing it behind the scenes.PSC has received 7 offers for funding / Take over and the company has not released any of that information (ie; they dont need to disclose the info it seems - just need to disclose the fact that offers have been received). + +It further shows the MD appears to be happy with it, for whatever reason. + +I think holding now (in relation to the short term) is a gamble on whether you think we will get a new better farm-in offer , which will significantly boost the SP. But if that doesn't happen, i cant possibly see the SP going back to previous levels (IN THE SHORT TERM), because the deal de-valued IVZ and the MD accepted that valuation. + +I dont have high hopes for getting a better farm-in offer. See below what Scott said about the Cluff deal: + +"We look forward to CEA completing their capital raise activities and participating in the exciting basin opening 2 well drilling campaign including drilling the world class Muzarabani-1 well in the first half of next year." + +That doesnt sound like he's expecting another deal, does it?But yeah, that is the gamble here. If a new farm in offer is received, the SP will rocket and anyone who sold will be regretting it.Otherwise, i think i've made the right choice for the meantime. + +There is still approx 5 months left for drilling (assuming no further delays). But its always good to factor in a few months for delays. So lets say 7 months (+2 month delay) for drilling. From now until then, there will be a CR and a boring period of time where the SP may be stagnant. (hopefully great opportunities to enter / top up / avg down etc). + +Its the time/opportunity cost here that is the main reason for moving my funds. (a shame, because ive been holding for about a year now)HOWEVER, when the time comes, the game plan still exists. It doesnt really matter about the crappy farm in deal. They will still be drilling an elephant size, possibly the last, onshore basin in the world. Any success with the drill will see IVZ sky rocket. I definitely want to be apart of that ride/opportunity, so i will definitely be re-entering when i think the time is right. Lets not forget that there will be some exciting announcements in the lead up to the drill also, such as the final seismic results, PSA, and so on. I hope i dont miss out, because ill be really upset if i do - i still have faith for the future, but right now, the MD f'd up (or wants to let his mates in for cheap) and my money can be working better for me elsewhere in the short term. I emailed Scott with my concerns and feedback a few days back and i didnt receive any response (in the past he replied to me really quickly - to be fair hes probably overwhelmed and getting bombarded with messages, but anyway).  + +I will be watching closely - there has been massive volume over the last few days. While yes, massive dumping - but there have been people picking up those millions of shares. Which is good news - i would love to see broker data if anyone has access. Definitely some games being played (there was a 1.5m selling order placed and removed earlier in the day) - it could be a accumulation strategy by big holders. Ive been investing long enough to know that when "they" (yes "they" - the boogey men) want a stock to move, they'll make it move. ie; when the time is right, they will pump, make no mistake about that. That's why i am certain when the time is right IVZ will pump and anyone in the red now will be in the green and kicking themselves for not buying more at these cheaper levels. + +TLDR: temporarily out mainly due to opportunity cost (re-invested elsewhere where i believe i will see quicker upside). I plan to re-enter IVZ when i think the time is right. I will definitely be back in prior to drill, and plan to freecarry into the drill if the opportunity arises. Interested to see where the SP will be come CR time. + +Note: Please dont let my choices affect your investment decisions. We're all human and make errors - nobody is right all the time and its impossible to time entry / exit. We win some, we lose some. + +&#x200B; + +PART 2 / UPDATE - READ IT HERE: [https://www.reddit.com/r/ASX\_Bets/comments/rgjkft/comment/holy4yf/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/rgjkft/comment/holy4yf/?utm_source=share&utm_medium=web2x&context=3) +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: 524288 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) +The Target shopping app has a secret feature that makes it the best for online shopping. Unlike on the website, there is no minimum purchase for free shipping for RedCard holders. It's free to get a Redcard(no fees like Prime) and anyone can get one. There are two types - a debit card and a credit card but both give 5% off for all purchases. + +The free no-minimum shipping is a crazy good deal. In my experience it's usually about 2-3 days to arrive and the prices are generally the same as store prices. + +So, when you're too broke to get to the store and really need a new toothbrush or a bag of rice, Target will take 5% off and ship it to your house for free. + +We've all seen the posts of various office buildings with their lights on at odd hours of the night these last 2 days. Now what is the significance of these you might ask? I'm hoping to share some of my thoughts in an effort to connect (more significant) dots for some more wrinkley-brained apes than me. + +I've worked in the NYC Finance scene for well over a decade and can provide insights on how that scene (and buildings) generally operate. + +If needed I can provide proof to the mods, but its not like anything I'm sharing here is earth-shattering intel; just logical things laid out for consumption. Happy to provide any additional thoughts and clarifications as needed over private message or in the comments. + +1. **Thoughts on the "Random" Work Hours**: I live in NYC and can tell you that office lights on at night are nothing new. The strange part is that most modern offices have occupancy sensors tied to timers and motion detectors that turn off the lights.... so if nobody is there, they should be generally turned off in an effort to go-green. While working nights and weekends isn't anything new in banking, working those nights and weekends *in the middle of a pandemic is,* as most people work from home which brings me to my next point. +2. **COVID Pandemic Work from Home Implications:** We're in the middle of a worldwide pandemic, most employees have been working from home for well over a year now. Some banks like JPMorgan have started getting groups of specific employees back in the office to ensure productivity - think Sales and Trading employees vs. Marketing folk. [Sample source](https://www.businessinsider.com/jpmorgan-traders-to-return-to-office-september-nyc-2020-9). These people tend to be in the office during trading hours, i.e. Monday-Friday when markets are open and clients and counter-parties are taking their calls. +3. **Location of Lights in the Buildings:** While I know this might sound like a stretch I think its important enough to mention, having worked in various NYC high-rises that are home to financial companies, the top floors are reserved for C-suite executives, boardrooms (like the one we saw in Margin Call), or general conference spaces that host a lot of meeting rooms. + 1. This shows me personally these aren't just lowly interns fucking around out of boredom on a weekend night, these are the "senior" folk. + 2. Communal meeting spaces would be off-limits to most people given social distancing requirements; unless of course these are the CxO level people who can pull rank. +4. **Relevance of Google Maps Data:** While the lights on themselves wouldn't be suspicious (just horrible for the environment), combining these data points with the fact that Google Maps shows high levels of "busy-ness" shows these trends are outside the norm. + 1. I posted this separately, but here's the [status of Google Maps as of 7PM EST on Sunday (April 18th)](https://imgur.com/a/i2mpROf) for Citadel in Chicago, JPMorgan in NYC, and Bank of America in NYC. + 2. I can tell you most people are not wanting to be in the office on a Sunday night away from their families unless absolutely necessary. + 3. Also, if this was a regular meeting for general operations, it could be done over Zoom vs. having people in-person which it has been how these companies operated over the last few months. +5. **Several Buildings Showcasing Similar Activity Across the Globe:** And I will end on my final point - I honestly have lost count how many various cities from Chicago, to London, to Frankfurt, to Amsterdam have been mentioned on this forum. Having all these offices "light up" during the same weekend, around the same time are not a coincidence. + 1. Counter Theory: Unless of course these are the cleaning crews coordinating internationally to mess with us. This is not likely as most people aren't back in the offices, and cleaning crews don't usually work on weekends, just Monday-Friday when most people are there (why pay for a cleaning crew for empty office space when most people are working at home?). + +**TL;DR: Seems like a shit-storm is brewing and everyone is getting their ducks in a row. Weekend work and nights aren't anything new in the finance and banking world, doing so in the middle of a pandemic when most people are working from home is.** + +**I'll leave you with this: One example of a similar thing happened over the weekend in 2008 when JPMorgan acquired Bear Stearns. This happened over the course of a weekend between March 15-16th in 2008 and the story is well worth a read (**[**source**](https://www.history.com/this-day-in-history/bear-stearns-sold-to-j-p-morgan-chase)**).** + +\---------------------------------------------------- + +EDIT #1: There have been several great comments below that I thought would be worth while to mention here as a continuation of the original post. + +u/alanism and a few others pointed out the reason these meetings might have been done in person is some conversations need to be done live where there is no chance of it being leaked or recorded. In a "Zoom" video conferencing world, you can't control who is recording you on the other end with their iPhone below the view of the camera. + +u/arikah mentioned that most crypto tanked hard, all at the same time, just prior to the discovery of these office buildings being busy. I believe where was a post showing Citadel's offices already being "lit up" prior to the decline happening but I can't find it right now. All these meeting could be related to the SEC rumored to be bringing allegations against some Financial Institutions for money laundering. + +u/beach_2_beach pulled out a great quote that summarized my final statement around JPMorgan taking over Bear Stearns over a weekend in March 2008. I still recommend you follow the link above and read the full story as its a great read! + +>***On Sunday evening, March 16, Bear’s board of directors agreed to sell the firm to J.P. Morgan Chase for $2 per share—a 93 percent discount from Bear’s closing stock price on Friday. (Subsequent negotiations pushed the final price up to $10 per share.) The Fed lent J.P. Morgan Chase up to $30 billion to make the purchase.*** +I’ve been selling TSLA CC’s for a few months now. My “strategy” has basically been to sell CC’s early in the week (Monday or Tuesday) that expire the Friday of the following week. I set a strike price of roughly 7.5% higher than the current price. + +I used to be able to sell these for roughly $700 or higher. Now these same calls seem to be going for *much* cheaper. Around $300 or so. + +Anyone know why this is or a good way to track option prices / premiums for X amount of days out and a strike price of Y% over market? +So, we are not even close to done with crazy news yet. Tomorrow, at the "Tokens Summit", there is even more Ethereum news! One that has garnered a ton of attention is the statement by William Mougayer, that a "big traditional company with millions of users" will be issuing an Ethereum-based token **on the public chain**. See [this](https://np.reddit.com/r/ethtrader/comments/6c5y0d/ethereal_summit_william_mougayer_big_company/) thread for other details. + +**So, speculation? What do we think it is?** + +Also, note, we're still not done with conference, even after the Token Summit. [China is next, just in a couple of weeks!!!](https://twitter.com/cnLedger/status/867404328067137536) + + +Apologises if this is a bit vague, but why do governments and organisations place such emphasis on constant growth? Is it inherent to capitalism to require constant growth? Could Capitalism hypothetically reach a state of equilibrium as a means of preventing financial crises? +https://www.nytimes.com/2015/12/23/opinion/bernie-sanders-to-rein-in-wall-street-fix-the-fed.amp.html + +So in this article, Sanders details a few policies to fix the Fed and how it operates. The main two things I want to know about are + +“As a rule, the Fed should not raise interest rates until unemployment is lower than 4 percent. “ + +Isn’t the job of the Central Bank to control inflation? Wouldn’t this have a bad impact on the Fed’s ability to do its job? + +“Board positions should instead include representatives from all walks of life — including labor, consumers, homeowners, urban residents, farmers and small businesses.” + +Don’t we want people knowledgeable in economics to be in control here? + + +What impacts are these two policies likely to have? +So I was having a frank conversation with my boss about the rising costs of a lot of things. I mentioned something along the lines of "I barely have money left for food and other things." + +She thought I was lying so asked me to break down my expenses, which I did. Rent. Health Insurance. Car Payment. Credit card and other personal loans. Phone and Internet bills. Water and Sewage. Electricity. After all that, I end up with about $150-200 left per paycheck (I get paid monthly). She said that's "more than enough" to buy food and other things. + +Sure, for food, maybe. My last month's costs for food and other daily necessities were about $250 (single person cooking mostly at home). And that was with me being frugal so I was still $50 over what I could afford. I'm still working on buying cheap and eating healthy at the same time. Worse is I heard that food costs will increase again next month. So what about savings? Or extra money for emergencies? Or even just small luxuries like shopping? I told her that if I spent all of my money on food then I won't have all of that. That's when she told me, "people usually budget for that." + +But, with what money? Or is my way of thinking wrong? Do I really have to budget more? + +Edit: Thanks everyone. I'm (or was) pretty close to my boss and we always talked about everything (being the only two women in the office). So, to be honest, I didn't think too much of it until some of the comments mentioned how my boss didn't need to know my financial information. And in hindsight it was a stupid move to share everything. I've been looking for a new job close to a year but unfortunately the work opportunities in my area are dim and, even if there are other jobs, they pay basically the same. I'll probably have to move to a bigger city to find a better paying job but that's another honest discussion with myself for that commitment. Either way, for now, I'll stop sharing my personal info to my boss as much as I can and continue my lowkey job search. + +Edit 2: Thank you all again for the helpful comments. I now understand that it was an idiotic move to share my finances with my boss. Some have asked about my credit card/personal loans. Shamefully these bills are from when I was jobless for nearly two years due to the pandemic. I quickly went through my savings and used my credit cards to pay for rent and other stuff to survive. No I didn't have family to rely on which really sucked. The personal loans were also money I had borrowed from friends and other people. So now that I got a job, majority of my income goes to paying back these debts. I work in hospitality and get paid $2200 a month. I will definitely look harder to finding a new job. +Last January I invested $1200 in Bitcoin and HODL'd like a beast. One year later I checked my balance and now I'm at $340. + +AMA! As a crypto-god with a proven track record I feel I am now qualified to give advice to this community. +**If you're looking through this subreddit just know I feel for you... Constantly looking for the next moonshot while trying to dodge rug pools & sketchy developers. Search no more!** + +**🌮 Join the community for 24/7 support! -** [**Telegram**](https://t.me/TacoCatCrew) + +**🌮 Website :** [**Tacocat.finance**](https://Tacocat.finance) + +TacoCat is a community driven moonshot that caters to both serious & meme investors. The liquidity taconomics of the coin provide INSANE stability when it comes to dumps, which basically means whales can't manipulate the price. It's the first of it's kind in that aspect and has every chance to thrive just as much as the last hype driven coin. We're breaking into a revolutionary time period where the people get to decide what they purchase is truly worth, and it's a beautiful thing. + +**The TacoCat community & Devs are available to answer all your questions & FUD.** + +\--------------------- + +**🌮 Marketing?😺** + +Tacocat has a dedicated experienced marketing team in place pre launch. + +Marketing Roadmap: + +1. Brand Establishment on Socials: Twitter/ TikTok/ Telegram +2. Early Partnerships - Aim for [bogged.finance](https://bogged.finance/) listing +3. Community Competitions +4. TacoCat Tequila Commission + +**🌮 Tacocat Tequila?😺** + +Shortly after establishment the community will decide on a tequila blend / distillery. A custom batch will be ordered with unique branding and delivered straight to your front door! + +**🌮 Community - Antiwhale attitude😺** + +This token is the love child of a group of likeminded individuals who love Cats, Tequila, Tacos and BSC tokens with organic growth. The initial liquidity was made up from community donations (My donation was 0.042069 BNB). The launch was a FairLaunch with no presale + +\--------------------- + +## 9% Transaction fee + +**8% of all TacoCat transactions is put back into our Food Vault, which is locked inside of PancakeSwap LP, feeding the homeless, hitchhiking cats along the ride. 1% Returned to holders as a small way to say thank you. Auto-liquidity will ensure high and stable fuel levels.** + +\--------------------- + +## Locked Liquidity + +**50% of Liquidity LOCKED for 6 months:** [**https://bscscan.com/tx/0xd714bb4f8a53993cf9581cb56d6e0726e281db252efaf80f9347702cfc990814**](https://bscscan.com/tx/0xd714bb4f8a53993cf9581cb56d6e0726e281db252efaf80f9347702cfc990814) + +**Remaining 50% of Liquidity LOCKED for 12 months:** [**https://bscscan.com/tx/0xb6ed6506d363a151d7e11add586f0e97e83732b3e11258a9a612ccbaf7737257**](https://bscscan.com/tx/0xb6ed6506d363a151d7e11add586f0e97e83732b3e11258a9a612ccbaf7737257) + +\--------------------- + +## ✅ TOKEN ADDRESS: 0xA8fcEe78B782eF97380326E90DF80D72f025f020 + +💵 Purchase on Pancake Swap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB) + +♻️ 8% fee AUTOMATICALLY GOES BACK INTO LIQUIDITY + +💎 1% fee AUTOMATICALLY GETS DISTRIBUTED BACK TO HOLDERS + +🔮 Contract Address 🔮[https://bscscan.com/token/0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66](https://bscscan.com/token/0xA8fcEe78B782eF97380326E90DF80D72f025f020) + +👌🏻 Ownership Renounced 👌🏻 + +\--------------------- + +[**Buy PCS ( set slippage to 9)**](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB) + +[**Trade on Bogged.Finance**](https://bogged.finance/trade?token=0xA8fcEe78B782eF97380326E90DF80D72f025f020) + +[**Chart**](https://charts.bogged.finance/?token=0xA8fcEe78B782eF97380326E90DF80D72f025f020) **📊** + +**Links:** + +**🌮** [**Telegram**](https://t.me/TacoCatCrew) + +**😺** [**Twitter**](https://twitter.com/tacocatcrew) + +**🌮** [**Website Tacocat.finance**](https://tacocat.finance/) + +**😺**[**Discord**](https://discord.gg/kwPG4edB) + +🚗 Roadmap 🚗 + +## Q2 2021 + +* **Core Development** +* **Launch** +* **Website** +* **Marketing (In Progress)** +* **Visit distilleries and incorporate partnership** +* **BogCharts listing and ads** + +## Q3 2021 + +* **CoinGecko and CoinMarketCap listing** +* **Taco Tuesday ZOOM Banquets** +* **Tasting and finalization** +* **Marketing campaign begins for Taco Cat Tequila** + +## Q4 2021 + +* **Bottles of TacoCat Tequila will be airdropped** +* **Get more lit than a recovering cat in Catnip Anonymous** +* **Chuck a taco at a dog, then apologise profusely when he starts chasing us** +* **Befriend dog** +* **Betray dog** +Hello Everyone! + +Ape help ape. + +Howdy all! I've been immensely happy for the good reception this has been getting, and for all the people helping in their needs. I'm just so happy for that. Now just like I always ask, is everyone holding up okay? Still very much turbulence in the world right now, as well as personally for some. Alot of people have been having things rough. It's okay to take a breather! Maybe do a little yoga, in, out! Ahhhhh! + +After weeks of DRS transfers out the wazoo, and brokers continuing to be in a rock and a hard place concerning the Splividend, the price continues to rise slowly but surely. Most woke up to find a halt on Monday, followed by some pretty sideways price action. While some have expected the price action to be more extreme, I think the halt shows that hedge funds are still very short, and will need to cover very soon. As the Splividend continues to reveal itself to the brokers and people continue to DRS their newly received shares, spirits stay high. The following weeks will be interesting, I will be watching very closely! + +Now on to the fun stuff. Anyone need food or essentials? Please reach out to the community and speak up! No shame. Many here can help make sure that you and your loved ones are good. There is no reason anyone should be without. Ive seen so many comments of people in tough times, it just absolutely pains me to see this. I don't know how to even do this. I'm sure we can find a way in keeping this responsible and anonymous. Anonymous is the word, no one is asking for anyone to be doxed here. + +No one should be without. We're all family here. Even if this helps a few people then it's worth it. + +If you need help, if you're struggling, please ask. We are all a community, and there's no shame in seeking support if you need it. Also you don't need to be in the same area, hopefully you can find someone/people to help! If you just need to vent that's fine too. + +Just wanna go over a few ground rules for this post. Feeling frustrated and tired here IS okay, but spreading FUD is not. A little leeway will be given but outright \*\*saying you sold\*\* (true or not) is not the best to post and \*\*WILL be considered FUD.\*\* No fud please. Basically not spreading of fud and not talking of selling and you'll be good. Also helping out is absolutely okay, and welcomed, but I think the line has to be drawn at posting things like official charity links and gofundmes, at least here in the comments. Also remember that while this is an online community, we are all individual investors. But also remember that needing help is okay and you're not alone. + +As for the critics, not everyone who's struggling is over leveraged. Alot can change in a year or even just a few months, and you just never know what people are truly going through. Also many people who have no idea what's happening with GME currently are feeling the effects of the state of the economy right now. A little compassion never hurts 😄. + +Cheers everyone 🍻, and hope everyone has an awesome weekend 😊. + +Use your gut and ape help ape! WAGMI. And remember, Power to the Players 🥢! DRS! 🦍❤️ + +Stay cool! Love everyone. +[this is the article which i got the claim for](https://m.dw.com/en/japan-work-life-balance/a-57989053) + +What is the consensus of lowering the working days to only four days? Do economists agree or disagree woth this policy? Should this policy be replicated in other parts of the world? +Hey guys, +Posted on here last week about taxes and a 2nd home. Spoke with my accountant and wanted to update in case anyone else is in my situation. + +I am a NYer. Have been in FL for 3 months. Going to buy a beach house and stay here till next fall. Afterwards I will rent it out. Want the house bc: (i) it’s near my business partner and working together in person will help new products be successful (ii) it’s close to my aging parents and my less fortunate siblings could use to visit, (iii) my kids aren’t going back to school till next fall, (iv) will be a nice place to retire eventually. + +Accountant says: +- Claim residency in FL and eliminate a large portion of income tax. $500,000+ income this year. I was worried about an audit, but if I’m legit in FL all year, I’ll have no problem. +- Next year treat it as a rental. 27.5 yr straight line depreciation on cost of house, most major improvements. Furniture, fixtures, and appliances can be depreciated much faster. +- was planning on cash offer, but he suggested mortgage as rates are low and interest on rental can be deducted. Only the IRS’ passive loss rule will push out deductions a year or two. They won’t let you deduct passive (rental) expenses on active (from my company) revenues. +- fun fact: it’s still a “cash offer” if you pay for half with a mortgage, you just can’t back out if it doesn’t appraise for what you expect. + +Going to proceed with an offer. Have a great day! +https://www.bloomberg.com/news/articles/2019-05-09/young-real-estate-flippers-get-their-first-taste-of-losing + +Is this an early warning market signal or a sign that amateurs are being oversold on rewards and undersold risks? +Okay, before you kill me for the title I know not all of you hate them. Shit, half of you seem to be one. + + +I grew up in the mid west and my dad was a realtor. Didn’t know it at the time but he’s a pretty damn good one! He moves about 12-15 million in volume every year. I moved out to California and while I’m still training as an athlete I’m working on my license. Now I haven’t been in a brokers office yet nor sold anything as I’m waiting for an exam slot. So I haven’t seen the work culture first hand. But I noticed a huge trend saying that real estate agents are scum and need to be kicked out. Is it true that most are lazy? I know from watching my dad that being a realtor isn’t what the Instagram stories show, so how can anyone be lazy in this job and actually make 100k+ a year? + + +As someone who’s main goals in real estate is to build relationships with people and own my own rentals, what can I do be ahead of these realtors who everyone talks about? From talks with my father I know I’m looking at about 40-50 hours of work every week for a couple of years. I just don’t want to be one of the shit heads in real estate everybody hates. + + +Also what was your guys experience, if any, from working with a realtor? What did they drop the ball on? + + +Love this sub, i feel like every time I’m on it I am gaining new knowledge. Thank you!! +What would you do in our situation? 30y couple. + +Bought an apartment last year in eastern european country and locked in a low rate. Monthly payment is about $600 for a building made in 1980. + +Made some renovations that were needed and we are paying an additional $350 per month, getting to around $950/month. So everything costed so far $150k with 15% down payment. + +We regret our decision, especially me. I think we rushed and we are paying quite a lot for nothing. + +This is an old building with central heating from the city, so we are depending on that, the rooms are quite small, the shared hallways inside the building look old and need renovations. Turns out neighbours are mostly gone or rented and there’s not much community around. I can count on my fingers the kids in this building and not many in the area also. We do not have a dedicated parking spot. I can hear the neighbours tv if it’s quiet, especially in winter. + +A rent at $950/month would be something really nice, with heated floor, underground parking, new building but maybe in a not that great area. + +I just come to realise I do not care about the area so much. It’s nice, safe and close to center, but we are working from home. She is ok with the area and likes it. + +Now regarding our finances, we are bringing in about $6k after taxes together in the house. We both come from poor families and work as software engineers. We are quite frugal and save at least $3,5k/month. I’m mentioning this because we are thinking on eating up our mistake and paying the property, but it will still take years. + +Still, I’m not happy with this place, I think we are paying a lot for area, but this will benefit us after 10 years maybe. Until then, we can’t leave the house in the evening with the car, because at return it will take 20 mins to find a parking spot. Central heating is old and every winter we stay stressed that we’ll be without it, since it has a reputation of breaking down a lot. + +She agrees with me, but also doesn’t mind staying here. + +I just want to work on my personal projects, stay confortably and travel for the next 5 years and have a kid later. She is in the same boat about this plan. + +I do not mind paying even a lower rent at about $700 and live comfortably while putting aside our money. Both of us are not even sure if we want to remain in this country. + +At the current rates I’m not even sure if we’ll be able to take our money back, but we are willing to sell at a loss. + +What would you do? +On March 22, RC purchased 100k GME shares. This gave him a total of 9,101,000 shares. +Now we’ll come back to this later. On June 9, 2021 Gamestop released a [424B5 Prospectus](https://www.sec.gov/Archives/edgar/data/1326380/000119312521186796/d192873d424b5.htm) for their 5 million share offering. In section 16, there is an interesting paragraph. + +*If a depository for a series of securities is at any time unwilling, unable or ineligible to continue as depository and a successor depository is not appointed by us within 90 days, we will issue individual securities of such series in exchange for the global security representing such series of securities. In addition, we may, at any time and in our sole discretion, subject to any limitations described in the applicable prospectus supplement relating to such securities, determine not to have any securities of such series represented by one or more global securities and, in such event, will issue individual securities of such series in exchange for the global security or securities representing such series of securities.* + +Gamestop announced a splividend and it was executed on July 18th (although delivered on 21st). + +Now remember that 90 days limit for removing shares from the DTCC? 90 days from July 18th is October 16th, 2022. + +Now let’s go back to the number of shares RC has : 9 1 0 1 0 0 0 If we flip the number 9101 upside down. + +It reads a date, + +#10 / 16 + +I believe this is the day the blockchain stock exchange will be unveiled. LFG +Today I nearly fell for quite a clever gumtree scam which I’m sure has fooled many people and want to raise awareness so others can avoid it. I consider myself quite diligent and “scam-proof” but this one very nearly got me which is worrying for those who may not have such an eye for scams. + +Essentially, I listed an item for £300 on gumtree. Very quickly I get a reply via WhatsApp asking me about the item, I provide a description of the condition etc and they say they would like to buy it. The WhatsApp profile had a picture of a women in her 40s and nothing really looked suspicious so I played along. She then asked if Gumtree do deliveries, which I replied they do not to which she posted a screenshot of the Parcel2Go partnership with gumtree and that she will arrange through here. She then sends me a link which looked something like the below: + +gumtree-uk.24pays-onlain.xyz/cash307855 + +She also sent me a screenshot which said that she had payed for the item and is awaiting confirmation. When I click on the link, it says “Receive Funds” and then asks to put your bank details in. I must say the link had my actual advert with the exact pictures of my item, my name and price etc it looked very similar to my gumtree ad. Fortunately, I realised that the link was not original and quickly told her where to stick it. Another red flag for me was the lack of negotiating in the price, without even coming to see it. + +I hope that this story helps someone to become more aware and vigilant when it comes to gumtree scams. They seem way too common. Stick to face to face transactions and cash only or bank transfer (not PayPal). +Hello guys, + +I see a lot of posts here either of new traders or non-profitable traders. Some people here even believe trading is gambling and it is impossible to be constantly profitable. I have been trading forex for a few years now and I have fallen into every trap you could imagine: Overtrading, too many indicators, no backtesting, anger trades, etc.. burned a few accounts and finally managed to be constantly profitable on a large period of time. That is why I decided to make a very quick guide on how I think everyone can achieve profitability. + +High-probability trading is a very simple concept: Only take trades when stars align. I'd recommend focusing on a very few setups that have proven to be profitable, and to not trade if the setup isn't perfect. If you think there is a slight chance you could lose a trade, then do not take it. The most important rule is to have 100% confidence in your trades, so you are not disappointed when you lose one because you know you followed your guidances. + +I am a full-time trader. I mostly look at the 5-minutes, 15-minutes, and 1-hour charts, and I watch all major currency pairs 10 hours a day. You'd assume I take a lot of trades because so many setups form each day, well I do not. I take 2 to 3 trades a week for a duration of 1 to 4 hours per trade. But because these trades are more likely to be profitable, I have a good monthly return. + +Now we all have our own strategy and I'm not here to review yours. Just think of how you could make your strategy a high-probability one. If you take a trade at each trading session and you have less than 65% of winning rate, then you can certainly improve your guidances. Here are the two most important rules you must follow: + +\- Always trade with the trend on all your timeframes, and at least a higher one. If I take a trade on the 5-minutes, 15-minutes and 1-hour charts, I want to make sure I'm with the 5-minutes, 15-minutes, 1-hour and 4-hour trends. A 200-periods exponential moving average on each timeframe should do the trick to ensure that. + +\- Confluence. This is for me the most profitable rule of trading. Confluence is when you have two or more levels coming together and therefore making a confluence point. For example, if you are trading the retest of a bullish trendline on the 1-hour chart, a confluence point could be where the price: retests the 1-hour bull trendline, breaks the 15-minutes bear trendline, retests the 1-hour 50-period EMA, breaks the 15-minutes 50-period EMA with a bullish marubozu candlestick, with an RSI bullish divergence at an oversold level, and a retest of a support. Now this would be a crazy setup, but even when a few stars align in a confluence point the trade is high-probability. + + + +Thank you for reading. +Relatively new to investing however I have a finance background and some money set aside I'm comfortable to lose in the process of learning option trading. + +&#x200B; + +I'm not sure if I'm just missing something, but is it possible to trade option contracts in the UK? It seems to be the most common elsewhere but here it's only CFD's / Spread Betting. Is there any UK brokers that allow calls/puts? +Hey, it's me, another fucking guy who hasn't done enough of his own research to merit any sort of self-respectable opinion on how to put money away. I make sure to put some money away for savings aside from this £100, but with that said, what do I do? Put it into one fund such as Vanguard 60%, or diversify and split it down into 3-4 spots, being that we only have £100 to work with. + +Thanks for your time, and I understand if you want to simply tell me to fuck off. +#BOFA DEEZ NUTS + +Big thanks to all the approved users who kept this joke under wraps in [the original thread](https://old.reddit.com/r/wallstreetbets/comments/od2085/bofa_initiates_legal_proceedings_against_wsb_and/) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* 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! +The FED has lowered rates for 40 years.... + +For 40 years corporations issued new DEBT and paid off old DEBT. Investment banks became rich over this time. The Investment Bankers were paid huge bonus's for years to do this. And now... everyone has debt... + +USA has $30 trillion at the Federal Level + +China $7-8 trillion. + +See as rates went down... nobody anywhere actually paid off any debt - they just issued new debt - to pay the old debt - + +And what really drives me nuts is... my cucumbers are up more than 50% this year. The FED talks like a .25bps rise will actually hurt us? + +Let me tell you something - the consumers and people have been dealing with crazy high inflation for a while now - but the FED can't handle a .25% raise... + +The economy will work thru a rate raise - its the FED who can't - + +[Rates went down for 40 years...](https://preview.redd.it/lt7hvz3ckqn81.png?width=1732&format=png&auto=webp&s=e1146caf2bcdb715e72e086a3a67947a68ae5590) + +Once the FED raises this entire fake money scheme comes to an end... I wrote about it last week and how T owes $150bn or so in debt... The DD is below and goes in to the debt problem in more detail in my typical smooth brain edit... + +[https://www.reddit.com/r/Superstonk/comments/t98ws3/usa\_has\_a\_corporate\_debt\_problem\_which\_is\_a/](https://www.reddit.com/r/Superstonk/comments/t98ws3/usa_has_a_corporate_debt_problem_which_is_a/) + +Any rich Billionaire sitting in a $100 million mansion probably sold a tone of shit somewhere that they don't want to cover/close - heck they closed down the LME Nickel trade for a week and nobody even caressssss.... + +So all of this DEBT has piled up around the world and thats the DEBT super cycle that all the DD writers talk about... Thats the fixed income bubble thats gonna pop.... All of that money is going to be transferred to GME - because GME is the first to get paid when everything goes belly up - + +Over the last year - Financial Firms and Market Makers kept shorting GME - even as much as 75% short in a day - last week - in fact, they are shorting it as much as ever. People all around the world, have not stopped buying. + +APES... are registering the shares in their own name - They even have a public count that shows how they are doing. And Ken and Friends kept shorting... The people who oversee Ken and CO - let them keep shorting - And now the debt is due - + +But if the fed doesn't raise today - they can essentially can kick another month... and your gas and food will go up more - and you'll spend less on wants - and your economy will crash - but... those billionaires will get to keep their mansions... + +spread the word... + +**Citizens get beat the f### in every cost - recently they passed the rising gas cost on to us - the FED cant raise rates .25% is all the confirmation I need that this market is being propped up - more on that below.** + +[**https://www.reddit.com/r/Superstonk/comments/tdamv6/the\_fed\_pump\_is\_not\_working\_anymore\_quantitative/**](https://www.reddit.com/r/Superstonk/comments/tdamv6/the_fed_pump_is_not_working_anymore_quantitative/) + +Yesterday Saudi's mentioned working with the Chinese in oil sales... I think this is a warning to the FED - tighten up your slop show or we cant take $$$$ in the future.... + +GME is just $6bn... GME isn't jack sh7t... they have trillions and trillions of dollars in debt - someone needs to get paid - and someone is going to be forced to sell... + +Because GME is a short position it gets closed first - before anyone else is paid - it makes it very SR - + +tagging for speculation - I dont have time to proof read for semantics - DRS your shares before they screw you 2. Theres no way they have enough. Thanks APES!!! + +MOASS incoming... + +Hopefully we destroy this unlimited balance sheet crap once and for all + +Also bonus RC tweet idea - he is actually confirming that the GOV is cracking down on short sellers??? I guess it could be inferred both ways - oh Ryan... why you always gotta do us like that lol + **Bep20 - Bep20 LIVE AND COMPLETELY UNLOCKED, 7500 TOKENS READY TO BE TRADED ON FIBSWAP DEX** + +👉🏻 Telegram: [t.me/FibSwapOfficial](https://t.me/FibSwapOfficial) + +FibSWAP DEx ($FIBO) are delivering revolutionary technology that will allow everyone to trade multiple cryptocurrencies across multiple blockchains - in 1 swap! And its LIVE now!! + +FibSWAP DEx is the first in the world to provide this technology! + +FibSWAP DEX 👉🏻 dex.fibswap.io + +What is FibSwap? + +The FibSwap DEX is an Interoperable Multi-chain Bridge System (IMBS) DEX which utilizes the FibSwap Smart Algorithm. + +This creates a bridge to swap tokens from one chain to another in one seamless, instant transaction + +$FIBO, is the governance token of FibSwap DEX, all fees and internal accounting will be in $FIBO tokens - reflections of 4% are paid on ALL SWAPS to holders! + +✅BRAND NEW UI (user interface) + +✅BEP20 <=> BEP20 + +✅BNB <=> ETH + +✅BNB <=> FIBO + +✅NEW blockchains added monthly + +👉🏻 Linktree: linktr.ee/Fibswap + +👉🏻 DEx: dex.fibswap.io + +👉🏻FibSwap DEx Exchange: [https://dex.fibswap.io/](https://dex.fibswap.io/) + +🔥 $FIBO Token Information 🔥 + +🌌 Name: FibSwap DEx + +🌌 Symbol: $FIBO + +🌌 Blockchain : BEP20 + +💯 Total Supply : 10,000,000,000 (10B) + +🔥 1st Burn completed 500M (5%) + +💎 8% Transaction fee 👇🏻 + +💎 4% Redistributed to holders + +💵 3% Automatic LP + +👩‍👧‍👦 1% Children Charity: +Hey all.... just a friendly reminder that the market is still full of fuckery and that when you sell your shares to move onto a different financial reality, use limit orders and limit orders only. + +It would be a shame to wait as long as we have for MOASS and for your shares to sell at a price below what you find acceptable. And if you don't think that the market will try to fuck you over and take your shares for an amount far, far, FAR less than that... well, you haven't been paying attention. + +Be safe, limit orders only. You set the price and nobody else. +Married couple with 1 kid, combined net worth of $1.6M. Annual income $500K combined evenly split. We are in our mid 30s (34, 37) + +We have 1 kid and will have probably 1 or 2 more. We live in a HCOL area, plan on sending our kids to public schools. We will likely buy a house around $700K to $1M in the far future for a good middle/high school district in the burbs. + +We save about 50% of income, our biggest expense is food - and we love to travel. But otherwise we are not big spenders! Having come from low income families - we both have good work ethic and savings habit, and are grateful for the life we are able to have today. + +Our biggest drive to make more money is probably financial insecurity and not because we want or buy anything luxurious. We visit Michelin star restaurants and stay in nice hotels once or twice a year, that’s the extent of our expenses and they total <$10K/year. + +The thing we want the most is TIME - time with ourselves, kids and families. But both of our jobs are stressful (we work in tech) and we are both counting down the days until we retire, though we probably won’t be able to until working for another decade or so. Our pay is probably either maxed out or it’s gonna be very hard to accelerate further. + +I realize we are very fortunate, but I keep thinking maybe there is another way to live life that doesn’t involve frantically spending the majority of our times in an office. + +QUESTION: should I attempt to start my own business, or should one of us work at a lower pay but less stressful job just to give us some breathing room and flexibility? How can we make sure our life isn’t as frantic despite making a lot money? I am worried time will fly by and our kid will be grown and we would regret not doing the things we wanted because we cared and focused too much on work. We are too tired on the weekend to do anything fun. + +Do I have grass is greener on the other side syndrome, or should I really think about maybe reevaluating my life for lesser pay but more time and freedom? + +EDIT: I am so grateful for the conversations this post has generated. Based on the feedback, I am immediately getting a biweekly cleaning maid and will attempt to adjust my work schedule so I can leave work early. I will also take more vacations even when I’m not going anywhere. + +It’s good to be reminded that I have the power to change my own life. If I have the time, I will also start working on a side business or a consulting opportunity (but first step - get the baby to sleep through the night.) + +I am also comforted by the fact that we are not alone. Many families are struggling to think through the same trade-offs. So thank you, everyone! + +Our house cleaner comes every week for 200 for a pretty large house + +Landscaper isn’t overly comprehensive, but probably does 4-6k of work a year on our property. + +Never knew the right number and feel like I’m just guessing every year. Curious what others on here give for people who regularly do work on their homes and properties +Anything getting a rise from your emotions to take action is FUD. A trending hashtag on twitter won't make them act the way you want. They haven't done anything for months. Do you seriously think they don't know what's going on already?? + +Buy. Hodl. Vote. That's all you need to do +Hi all, curious on people's thoughts here. Here is my (32 y/o M) situation: + +&#x200B; + +1. technical founder + board member of a unicorn +2. already participated in secondary sales to the tune of \~$15M +3. company on track to go public in the next 2-3 years (best case scenario, but i do believe it) +4. still have plenty of equity left in the company (\~$100M+) + +obviously #2 above has been life changing for me and is causing me to re-evaluate some things. notably, i'm not super happy in my current role. we are so big and the problems that i have to deal with are not the problems i like to solve. I have always thought i should stick around for IPO for the "win" of it, but every day I wake up and dread my job, it starts to feel less worth it. + +&#x200B; + +Some things that stick out to me: + +1. as a would be board member of a public company, i think there is a lot of legal, financial, and social scrutiny that would come with going public that i'm not sure i really want. (i'm not sure what this really entails though – **would love feedback here**) +2. i feel that the company will be successful regardless of if i stick around or not, so not super worried about financial upside (could always try to sell my shares on the secondary market as well) +3. my biggest reasons for staying are for personal achievement/"purpose" and out of respect for my co-founders / early employees. + +&#x200B; + +The regular response I see on this sub is "3+ years to make $100M? tough it out", but when i fully believe that i'll get most of that money regardless, and those 2-3 years could have drastic impacts on my mental health, it doesn't seem so easy. I also have a lot of concerns about increased exposure due to being a board member of a public company. I would like to maintain a fairly private lifestyle. +National Australia Bank CEO Ross McEwan is encouraging customers struggling under the weight of higher interest repayments to reach out early to ask for help and not suffer in silence, as proactive engagement is likely to reduce the chances of loan defaults and foreclosures. + +“The earlier you put your hand up, the earlier and better we can help,” Mr McEwan said in a message to home buyers and business borrowers. + +NAB would “step in and help as much as we can” if customers were up front and honest in explaining their circumstances if they are struggling to make repayments by looking to apply special hardship procedures. But the chances of resolving stresses fall when customers procrastinate. + +“When customers get into difficulty, just please pick up the phone ... If we can talk to them very early on the solution is usually there,” he told an event in Melbourne. + +“What tends to happen is embarrassment sets in and people don’t pick up the phone, and it’s not until they have got the final letter that they will respond. That’s pretty well down the track.” + +The warning came as Standard & Poor’s said Australian prime mortgage arrears had hit a post-financial crisis low in the first quarter of 2022 but are expected to increase in the months ahead. + +S&P Global Ratings said in a report on the performance of residential mortgage-backed securities on Tuesday that the worst-performing suburbs for loans in arrears were Maddington (WA), Dolls Point (NSW), Byford (WA), Hackham (SA), Bankstown (NSW), Barkly (QLD), Ballidu (WA), Broadmeadows (VIC), Katoomba (NSW) and Castlereagh (NSW). + +“Some borrowers will struggle with the combined effect of higher mortgage repayments and inflationary pressures,” the agency said. “This is likely to push up arrears ... in the second half of 2022 as borrowers work to reprioritise spending commitments to absorb higher, non-discretionary expenses.” + +Pain and anguish +Mr McEwan said to any borrowers who felt challenged: “All we can say is ‘please pick up the phone’. + +“There will be pain and anguish for people as interest rates go up after 11 years of coming down, and we have got high inflation hitting the basket every time we go to the supermarket or the petrol station. + +“So, there is impact [from lifting rates]. But in a way we have to deal with that to get interest rates back to a more normalised level. I think there is a good resilience in the economy.” + +Mr McEwan said NAB, like other banks, had not reduced customer repayments when interest rates fell unless customers asked it to, meaning 70 per cent of borrowers were ahead on repayments. + +He also pointed to savings buffers of $250 billion built up over the pandemic as buttressing bad debts. “The customer in the bank we are assessing as being in pretty good shape,” he said. + +But Reserve Bank of Australia deputy governor Michele Bullock said in a speech on Tuesday that while households in aggregate are resilient to at least some rise in interest rates, “highly indebted households are especially vulnerable in the event of a loss of real income through higher inflation, particularly if combined with rising interest rates, and a decrease in housing prices”. + +“Recent borrowers are more vulnerable than earlier cohorts as they are more likely to have borrowed at high DTIs [debt-to-income levels], have had their serviceability assessed at lower interest rates (albeit with larger interest rate buffers) and have had less time to accumulate equity and liquidity buffers,” she said. + +Mr McEwan said on Wednesday: “There is always a tail who will be in difficulties. I accept that is a reality.” + +https://www.afr.com/companies/financial-services/if-you-can-t-repay-please-pick-up-the-phone-nab-s-ross-mcewan-20220720-p5b37y +📈 BABY ARABIA 📈 + +&#x200B; + +**BREAKING NEWS**🚀 + +BABY ARABIA fair launched with only word of mouth, ORGANIC 3k telegram members at launch! More than 1k users on VoiceChat while Fair Launching! + + +✅ LP IS LOCKED + +✅ Contract Verified + +✅ TG SHILLS HARD + +✅ POOCOIN BANNER INCOMING + +✅ Coinsniper PROMO TRENDING SOON + +✅ INFLUENCER CONNECTIONS ALREADY + +&#x200B; + +💰**PEGGED BTC REWARDS** **10% ! We have given thousands in BITCOIN!** + +💎**TOKENOMICS** 💎 + +✅Buy: 5% BTCB Rewards, 5% Marketing/buyback 5% Liquidity Pool + +✅Sell: 10% BTCB Rewards, 5% Marketing/buyback, 5% Liquidity Pool,Rewards, incentives for buyers and holders! 👀 + +🔥**PROMOS ON THE WAY** + +✅ CMS #1 24 hours📊 + +✅ DEXTOOLS TRENDING SOON + +✅ CG & CMC IMMINENT + +✅ POOCOIN BANNER COMING + +✅ INFLUENCER PUSH + +✅ Website launch + +✅ Global admin and moderator team (Europe, Asia, North America, Australia) + +&#x200B; + +🔥 **PROMO IS LIT** 🔥 + +SO MUCH MORE TO COME + +🪙 **AMAZING TOKENOMICS** 🪙 + +SAFU. We all hold, we all moon! + +DON’T MISS THIS MOONSHOT 🚀🌙 + +Active Telegram, safe and honest community. HOT DEVS! + +**This is about HOLDING, GAINS AND COMMUNITY !** + +**Contract**: 🧾 + +0x37F8e8d0CBd0b0959887424c13a01a7E73A19DA5 + +&#x200B; + +&#x200B; + +**Telegram**:📱 [https://t.me/BabyArabia](https://t.me/BabyArabia) + +**Website**: 🌐 + +[https://www.babyarabia.tech/](https://www.babyarabia.tech/) + +**Twitter**: 🐦 + +[https://twitter.com/babyarabia1?s=21](https://twitter.com/babyarabia1?s=21) +Hey guys + +I wanted to move my portfolio from DEGIRO to IB to enjoy higher protection (EUR 100K) and sleep better at night, but I can't stand this f\*cking platform. Everything is clunky, too complicated, horrible looking and slow. Getting to support takes ages. I truly, truly hate it. DEGIRO looks like a flawless cool thing comparing to the idiotic IB. + +My question - is there anyone else, credible, that me as EU citizen can open account with, that gives me higher protection than EUR 20K DEGIRO? +There is one question I see repeated over and over on this forum: Is Day Trading gambling? + +Here’s your answer: + +I am a professional Day Trader. Not saying that to brag, it’s just what I do for a living. + +What is a professional Day Trader? Someone who is consistently profitable month after month. A career, not a hobby. Income that is depended on to pay the mortgage, put food on the table, college tuition. + +Having this job means I also interact with many other professional Day Traders. Some better than me, some worse, but all make a living doing it. + +So no, it’s not gambling. It’s not luck. + +You know what is gambling? Playing meme stocks, thinking you can predict tops or bottoms, going with your “gut” - if you’re doing that you might as well go to the casino. + +But real Day Trading? If it were luck than those of us that do it to pay the bills and have been for years, would be screwed. + +EDIT: the constant negative comments from trolls is exactly why successful Day Traders stay away from these forums. There is only one reason to troll a post about Day Trading for a living - you tried it and failed. Over the past year I’ve seen more and more actual Day Traders leave this forum and you’re left with a bunch of disgruntled posters. It’s unfortunate because the people looking for real help will no longer be able to find it here. +Hey guys I wanted to share my story in hopes that some of you defend will learn from my mistakes. Also for those of you who are experiencing something similar, I want you to know you can make it. So without further ado, here is my story (proof). + +https://ibb.co/3r1pNVX + +For every gains porn post someone out there is on the other end with a loss. I can still remember when the GME runup began. I was so sure it would blow over in a day, and I picked up 10k in 3 month out puts just as GME crested 40 dollars. I remember as it skyrocketed I even found myself up on my position as the I/V grew. But I wanted more and I was so sure it would be back to 4 dollars in a month or two. Lesson one, don't get too smart, and don't fight the market. + +Well, a few months rolled by and the expiration on my options was getting close, they had slashed in value down to a third and even though GME had fallen, they weren't worth what I paid for them. I could have cut my losses and been out about 5k. But this is where I made my second mistake. Trading options on emotion. I couldn't believe my puts were priced correctly so I rolled them out a few more months, and aggressively. My position was now 50k instead of 10k. I couldn't let go of my ego and take the loss. + +Well, as fate would have it, a few days later GME would rip back up into the 200s. My freshly rolled position, started collapsing, and fast. I remember sitting at work every day, constantly pulling out my phone and staring at the GME ticker, waiting for any drop, hoping to be saved. But, my salvation never came, and my position got worse and worse. Enter my third mistake, doubling down. At this point I was desperate. I wanted, needed, to make my money back, so I averaged down, and averaged down again. My position was now worth just over 100k. + +With each passing day, my position ticked down in value. I remember one day so vividly as I saw my losses pile up into the 80k range I noticed sharp pain in my chest. It had been getting harder and harder every day, and the extreme stress was taking a toll on my body. I held on for a few more days, but the pain was getting worse, and I was literally shaking (tm), from the stress. Finally I called it. I closed my position down a total of just over 100k. It was one of the hardest things I've ever done. + +As pathetic as this sounds, I remember actually crying several times thinking about what an idiot I was. When you lose that kind of money, and for me this wasn't play money, it takes you to a dark place. I remember ringing in my head over and over, what was I thinking, how could I make such a mistake. It was one of my lowest points ever, and it felt like I would never feel normal again, anyone who has been in my shoes knows what I'm talking about. + +Well, it's been 7 months sense then and I will never touch an option again. I know now that I have a gambling problem and I can't put myself in that kind of position. It has been hard, to come to terms with losing something I spent many years of my life building, but I have made it through. To anyone who is where I was, right now, I know how it feels, and I promise you the age old adage, time heals all wounds is true, it does get easier. + +Anyway, thanks to anyone who read all the way through, I hope I can somebody out there learns from my mistakes, or at the very least cracks a smile laughing at my misfortune. I wouldn't be who I am now without my experience, so cheers you beautiful bastards. +The paper "Analytic solutions for optimal statistical arbitrage trading" authored by William K. Bertram derives analytic formulae for statistical arbitrage trading where the security price is modelled to follow an Ornstein-Uhlehnbeck process. By framing it in this way Bertram derives expression for the mean and variance of the trade length and the return, doing this creates an exact analytic solution for the case of maximising the expected return. Using this paper as a framework I explored the spread between two futures contracts modelled in the same fashion, I'll be skipping large amounts of the maths involved as the paper has in-depth proofs that will explain much better than I ever could. + +&#x200B; + +The paper starts with modelling the price of a traded security pt as, + +&#x200B; + +https://preview.redd.it/qup6qe36f9861.png?width=337&format=png&auto=webp&s=a6b323c933e5af17c04594146ca1980b35bf86b4 + +Where alpha > 0, eta > 0 and Wt is a Weiner process. Entry and Exit levels are then defined by a and m (enter a trade when Xt = a, exit the trade when Xt = m). A complete trade cycle is the time taken for the process to transition from a to m back to a again. Using the first passage of time, the expected trade length and variance can be estimated, then the return per unit time and the variance per unit time of the strategy can be formulated as a function of entry and exit levels and transaction costs, c. + +&#x200B; + +Bringing all this together an analytic formula for the expected return and variance for the strategy can be obtained, then optimal strategies for maximising expected return or maximising sharpe ratio can also be defined. + +&#x200B; + +The best part about this paper is once you've found alpha and eta (the author uses linear regression to obtain them), you can use that to obtain optimal entry and exit levels for your strategy as a function of transaction costs while maximising expected return or maximising a sharpe ratio. + +&#x200B; + +I decided to use this model and play around with calendar spreads for energy futures using approx 4 months of data taken in 10minute intervals. a sample of the spread looks like this: + +&#x200B; + +https://preview.redd.it/jro5u5b8f9861.png?width=420&format=png&auto=webp&s=2a7041dc64addfb5f027b42a48193fc35a94a6b6 + +using the formulae in the paper, I was able to create a curve for my optimal entry threshold vs. transaction costs, noting as transaction costs increase so does the entry threshold (i.e. the more it costs to trade the larger the deviation has to be to enter a trade): + +&#x200B; + +https://preview.redd.it/7t4c46gbf9861.png?width=442&format=png&auto=webp&s=15355b2aea8c249aff0d45150bad25e8ab8bdf5a + +Then the alpha is very simple, enter a trade when Xt <= a, exit when Xt >= m, I ran backtests for varying transaction costs and optimal trade entry thresholds, displaying results below: + +&#x200B; + +https://preview.redd.it/z7aqb9ecf9861.png?width=771&format=png&auto=webp&s=233cb26574e89725fa92c5524c923f0e43b6229f + +Summary table: + +https://preview.redd.it/moy4erpdf9861.png?width=661&format=png&auto=webp&s=fdd0e9228838c0363d065948c589d56ab4ce0619 + +as expected, as transaction costs increase total return (and sharpe ratio) decrease: + +&#x200B; + +https://preview.redd.it/mw69bsuef9861.png?width=422&format=png&auto=webp&s=1aa5e107a26a3e52048a648e2430d3af6d4abebe + +While I think the returns here are likely too slim to be able to actually trade live with it was an interesting exercise and could definitely have applicable use on other products on larger time periods (e.g. daily data vs. high frequency data). It's always interesting to see what sort of new ideas and alpha you can pull out of research papers. Best of luck to you all! +#TL;DR (at the top this time) + +With the specific wording used by The SEC in their recent FOIA response, they may as well have just confirmed that the raw vote count in June was greater than the number of shares outstanding and that the DOJ is actively investigating naked shorting on GameStop and pursuing criminal prosecution. Buckle up, Fucklehead. + +#Predicting the SEC's FOIA Response... + +Good morning, apes! Three weeks ago, I wrote [this DD](https://www.reddit.com/r/Superstonk/comments/qx62z0/reading_between_the_lines_what_can_we_learn_from/) examining the verbiage of the initial response the SEC sent back to /u/automatedcharterer's FOIA request for the raw vote count from GameStop's annual shareholder meeting in June. In the DD, I proposed that several logical conclusions can be drawn from the similarities in wording of the SEC's response and the wording of their own written FOIA policy: + +1. Gamestop handed over the raw vote data to the SEC as part of their regulatory investigation, the SEC found evidence of criminal wrongdoing and handed the investigation over to the DOJ who currently maintains the record as a material piece of evidence in that investigation. +2. Whomever they're investigating—probably Kenny—has not been informed of the existence of this evidence. +3. The raw vote total would only be material evidence in a criminal case if it is greater than the total number of shares outstanding, which would prove that illegal naked shorting occurred on Gamestop. +4. If we accept that the vote total in JUNE was greater than the number of shares outstanding, it also effectively confirms that we own the float and then some and that shorts hadn't closed their positions at that point. + +I highly suggest reading the whole post to follow my train of logic and see for yourself just how closely what they wrote in the FOIA response letter matches their written policy. + +Most importantly, I outlined the following criterion to judge whether the conclusions I had drawn in the post were accurate and predicted how they would need to respond to confirm them: + +> If /u/automatedcharterer + receives a response "indicating that **the Office of FOIA Services was unable to locate or identify any responsive records"**, we know they used an exclusion which would basically prove this entire thesis. + + +#...And Getting it Right Almost Word-for-Word + +Well, yesterday was the day I'm pretty sure only I and /u/automatedcharterer had been anxiously awaiting. [The SEC's final response on the FOIA request is in.](https://www.reddit.com/r/Superstonk/comments/rcrrr5/sec_foia_response_to_the_question_of_the_raw_vote/) And well, I won't say I didn't tell you so (emphasis mine): + +>This letter is in response to your request, dated October 18, 2021 and received in this office on October 19, 2021, for any information about the actual shareholder vote count that was released in the June 9, 2021 8-K report for Gamestop. Any investigation into the total submitted votes in the months around that time. Based on the information you provided in your letter, we conducted a thorough search of the SEC’s various systems of records and consulted with SEC staff, but **did not locate or identify any information responsive to your request.** + +As you can see, their response matches almost exactly what I said we would need to see in order to confirm the conclusions drawn in my last DD. My tits have never been more jacked. But just in case what you've seen so far isn't enough to convince you, I went ahead and did a search for the phrase "locate or identify" in all of the SEC's FOIA documentation and it appears ONLY ONCE, in the same section where it describes the only circumstances in which it consults with the DOJ before releasing information. + +*On a personal note, after the research I put in on my last post, I thought the case was extremely compelling that the SEC has already done everything they can and is no longer involved in the investigation now that it's moved to DOJ. I think all the evidence points to that at this point and their final FOIA response here is basically confirmation of that. So maybe cut Gary Gensler a little slack. I understand wanting someone to blame in all of this, but I think directing that at GG or anyone in the SEC is totally misguided here. At every step of the way since taking the chairmanship, his statements have been extremely pro-retail. I suggest if you're stuck on the idea that he's one of the bad guys in all of this, you take a step back and be willing to challenge your assumptions and see the bigger picture: There is a 0% chance that he would have indicated that he handed this over to DOJ if/when he did, and he would have no power of his own to do anything past that point. His current silence on the issue is much more likely to be a positive for us than a negative.* + +**Edit: As multiple users have pointed out, Bloomberg put out a release shortly after I posted this about a DOJ probe into predatory shorting. In other news, I do not work for Bloomberg.** +A more fundamental/mindset post. + +I’ve had about four solid plays that turned to losses because 200-300% was not enough. I reasoned to hold because I believed there was reason for the plays to run further. Given my budget and being relatively new to actually finding winners that weren’t money punts, I should’ve known better. + +I’m glad to learn from it. Holding those plays for a few weeks, I shouldve known to sell them with only a week out and my budgeting..still sucks though. + +It’s been haunting me every day for the past 2 months. + +Just so this isn’t just a cry post + +Notes for the future: +- Less than two weeks till exp decay is gross af +- Reallocating to better plays/odds/profit margins(vs the existing play looking forward) with the returns of existing plays is almost always preferred +- the goal is to grow, not explode + +Any other advice? +Sorry if this is too vague, I have a decent grasp of valuation at this point but I’d let to hone my technical capabilities with some formal guide. Thanks in advance. +Before I get started, I need to get some things out of the way: + +* I have been holding since January. +* I have averaged down **and** averaged up since January. +* I do not believe it is possible for the shorts to have closed their positions. +* I have DRS'd all of my GME that isn't tied in my Roth IRA (if someone can verify this can be done without tax penalties, I will do it). +* All of my current and future purchases are and will be through ComputerShare. +* I have accumulated X,XXX shares. +* This isn't my first rodeo and I have been trading stocks for decades. +* I have a Ph.D in mechanical engineering. + +I say all that upfront because there is a dangerous tendency to scream shill and FUD anytime something goes against the grain here. I want you to know I am on your side, we are all in this together, and together we are going to witness a short squeeze like the world has never seen and will never see again. This post might ruffle some feathers, but it is necessary. + +I have been seeing some really bad math surrounding the number of ComputerShare accounts and we need to be realistic if we want to succeed. First, it really looks like the Mod11 theory of ComputerShare accounts is real. This means the last digit of the account is a check digit and must be truncated. Because we are using a base-10 number system, that means removing a digit has the same outcome as dividing the number by ten. If we come across an account that is 516XXX, that means we are *probably* at about 51,600 accounts. + +Now, this isn't set in stone. We don't have the ability to peel back the curtain and see what ComputerShare has done historically or what it is doing now. It's possible ComputerShare created all account numbers sequentially when they first started and transitioned to Mod11 when it became clear apes were coming in droves and we weren't going away. We simply don't know and we can only make estimates. But it's important to know **the odds of new accounts not being Mod11 is really, really low**. For any random account number, an ape has a 10% chance of verifying with Mod11 and see the last digit match. Any two apes have a (10%)\^2 = 1% chance of both seeing matching digits. If you can randomly sample 10 apes and all of them have the matching Mod11 digit, there is only a 0.00000001% chance it isn't Mod11. Just browsing the comments I can definitely find more than 10 apes who have verified the calculation works for them. + +Maybe there's self-selction bias that is skewing our numbers. Maybe apes are much more likely to report they saw a positive hit than a negative one. I don't buy it. In fact, there is a strong incentive to report a negative hit because it is evidence against Mod11 being used. You know what? I've seen accounts who claim the calculation didn't work for them. So now I am forced to reconcile the sea of positive hits with the handful of negative hits while assuming the negative hits all did the math correctly (a poor assumption in my opinion). It doesn't matter what number it *feels* like we should be at. We have strong evidence to the contrary and we need to be realistic. + +I get it. Finding out we're 1/10 of the way we hoped to be really sucks. When I saw this at first it was a gut punch because I started adding up the rate of registration and it was going to take months to DRS all of the available shares. But then I got up, brushed myself off, and reminded myself **apes aren't selling**, we're making positive progress, and if we continue the work **we will win**. It doesn't matter if this is going to take longer than we hoped. The DRS strategy is real, it's working, we'll get there, and then we'll all be eating gold-plated bananas. + +The next piece of bad math I keep seeing is about exponential growth of account numbers. I can't in good conscience say that is what I am seeing when I look at this graph: + +[I don't see exponential growth here. It looks linear.](https://preview.redd.it/hwyosnlm1ps71.jpg?width=720&format=pjpg&auto=webp&s=bbec06aef57f746cfc8d947587b659934af29251) + +As an engineer, I *expected* to see exponential growth because DRS'ing would catch on, go viral, and the flood gates would open. *But we aren't seeing that right now*. Why? I'm not entirely sure, but my theory is the brokers are either dragging their feet on DRS applications on purpose (I'm looking at you TD Ameritrade) or they only have so much man power to devote to the effort and the capacity is currently saturated (I'm guessing this is what is going on with Fidelity). Think of it this way, if Fidelity can only process 2k DRS applications per day, but they are getting exponentially more demands per day, the output is going to look linear even if the input is exponential. I have a hard time squaring this with the quick turnaround reported by Fidelity apes, but I digress. I don't know what's going on here and we need more eyes and brains on this to figure it out. + +Apes. We're better than this. We *need* to be better than this. We're fighting against firms who hire an army of people who know their stuff when it comes to math and data analysis. The strength we have over them is our numbers. We can get hundreds of thousands of eyes on the data and research like wildfire. We can also pool talent from a lot of diverse fields and do it in minutes instead of weeks. I am not saying any of this to get you down, because you shouldn't be. In fact, you should be hyped like I am **because we know what we need to do and we're doing it.** We will win. + +Victory might just take longer than we first thought. +I'm interested in storing and managing my own historical stock dataset to avoid having to pay subscription fees to Polygon. I was planning on buying some xTB external hard drive and using Alpaca MarketStore as the frontend for accessing the data. I'd then backfill the drive with Polygon's historical data. Here are some questions I've been having: + +1. What's your infrastructure like for storing/managing the dataset? +2. What frequency of data do you store? (Tick, 1sec, 1min, 1day, etc.) +3. Do you store raw data or adjusted (for splits, dividends, etc.) data? +4. How do you deal with stock splits, dividends, other price adjustments? +5. What's the byte size range for the frequency of data you store? (Ex. 1day of tick data is 1-5MB) +Hello! + +I am a 26 yo with 20k in credit card debt, 30k student loans, 4K left to pay off on my car and no savings. I need advice/help. + +In my early 20’s I had to put a portion of my college cost on my credit card (7k). From there I have continued to make financially irresponsible decisions. Saving nothing and not planning for my future. I am ready to change my behaviors and mentality to become financially secure with the goal of being set up for travel/kids/family. + +I make 47k salary and just picked up a second job at a restaurant where I average $300/week (working 15 hours). + +I contribute 4% to 401k and $20/pay check to HSA. + +Of my 20k in credit cards - 8k is on an open account and the remaining amount is on credit cards that have been closed to due delinquency. This is my first question. I assume I should first focus on the 8k and then pay off the closed accounts as well? + +My credit card is 16% APR, car is 1.5% and student loans 4%. Credit score is 620 + +I need to have an emergency fund too. Is $1000 enough for now do I can focus on debt? + +I’ve created a budget and have started using mint daily to track spending. I’ve canceled all monthly subscriptions and I am in therapy to handle some emotional aspects of this (along with other things of course :) + +It looks like I should have an additional $1400/month (at least) to throw at debt. + +I feel embarrassed and overwhelmed. My friends are much more responsible and I have given off the impression that I’m doing ok but I’m not. But I’m ready to commit and make changes. + +Any constructive criticism of advice is welcomed!! Thanks for even reading + +EDIT/UPDATE: thank you so much to anyone that commented!! Based on feedback here is my current plan: +1. Save 2000k emergency fund. Target - end of September 2021 +2. Pay off open credit card ($8k). Potentially pay down and do zero % transfer to different credit card. Target - April 2022 +3. Pay off closed accounts: $500 in full, 2k in full and then call credit card company for last $10k with hopes of settling for “paid in full”. Not sure how likely this is but I will try. Target- September 2022 +4. Pay off car since it will be basically done by this point (scheduled to finish October 2022) +6. Build up emergency fund, Save for long term and *begin investing +5. Start focusing on student loans + +*if I can invest and earn more than 4% return I will use this to help pay off student loans. +I used to do Big Brothers Big Sisters and want to give back to the kid I used to hang out with. My financial position has changed over the last 5 years due to my business and I want to give back in a smart way. I know I can just pay the tuition bills directly, but I would prefer to save on taxes while doing it so then I can potentially gift more. + +I have read about custodial 529 plans, and also about implications with FAFSA. The kid I would be giving the money to will definitely receive a lot of financial aid. I do not want to jeopardize his funding. + +Any general suggestions or things to read on the subject? +Hey! Financial wellness check! I value the hell out of the opinions of this sub. You all helped me escape debt. How am I doing now? + +I’m in the 15% tax bracket. I am 24 and unmarried. make about $35,000 gross. I have zero debt. + +My traditional 401k is sitting at $7,500, and I contribute 5% into it to get the additional 5% employer match. + +I just started my Roth IRA. It’s at $1,000, and I have set up contributions so that it’s maxed out! $5,500 per year! + +I contribute $70 monthly to my HSA. (I’ll look into investing this next year) + +I have health insurance, dental, vision, life, Im good on insurance I think. + +I contribute $100 per month to my general savings account at my bank. This account is at about $4,000, I consider it my emergency fund. + +I have $1,000 in $20s in my safe at home for extremely liquid, small emergencies. + +My living expenses are low, and at the end of the month, after all my saving and discretionary spending and living costs, I usually have $200-$350 left. + +Any recommendations? Praises? Reprisals? Ya’ll are the shit. Tell me how I’m doing. +Now that AT&T & Warner Bros split ways is AT&T a good time to buy at $19? Dividend at 5.6% with 140 Billion market cap. + +I’m thinking now that they can get away from entertainment and focus on their core business they’ll continue to expand their 5G and fiber connections. I feel they’re hitting their bottom and it could be an attractive time to invest. + +Thoughts? +Hi guys, + +Relatively new to crypto world, been in it since late July. Wondering what kind of setup you guys have? I've had one 1080p monitor this whole time, bought a new 4k one and will use both...not sure what to look at though. + +For the time being all I do is look at Bittrex, read relevant subreddits about crypto, read coindesk and other websites/articles I find about what's going on, a few telegram groups, recently joined slack (Doesn't seem useful), coinmarketcap or worldcoinindex for quick scouting of random coins. + +I have felt for a while now this is not sufficient, as I get news late and price action is already happening by the time I'm aware... + +What are your guys news sources, any web apps etc to make like a 'news suite' from multiple sources, what is your setup like? Best place to get the news first? + +I've also signed up to tradingview and coinigy but don't understand charts properly yet, also was wondering with coinigy, why is it good to be able to trade across lots of different exchanges at the same time? + + +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. +Ok-grab your tinfoil hats and have a seat. Here’s what I think RC is doing this week, and why we’re ramping up so quickly. +RC wants MOASS to happen-not only for us, but for GameStop’s marketplace. If you haven’t checked out u/atobitt latest DD on options and the $150 wall to breakthrough-I don’t know how you’re reading this first-but take a look at it. It makes COMPLETE sense business-wise for GME. + +If u/atobitt is right, if we pass $150 this week, we take a shot for the moon. I think RC knows this, the MMs know this, CNBC knows this-boomers and fomoers do not. + +In RC’s eyes GameStop releases their marketplace this week, how do we get positive press on this knowing all GameStop press is negative no matter what in MSM? + +FORCE the MSM to spin the blame away from shady shfs and towards the easiest possible reason-the marketplace. + +RC can trigger MOASS with consistent buying pressure like he did on Tuesday, forcing the price up over $150, igniting the gamma whatnots and everything u/atobitt described. When MSM really looks at why, they CAN’T ignore the marketplace release the same week. It’s sitting there right in front of them. + +They can’t blame the shf-tHeY cLoSeD tHeIr ShOrTs last year, remember? So, apes couldn’t have done it. GME will be all over the news with the squeeze again, and boomers and fomo buyers will start deep diving in what exactly this GameStop Marketplace could be and why it would drive the stock price up in the 1000s of %. MASSIVE EXPOSURE. + +MSM and shf are playing checkers-some even chess-but RC is playing some long lost hybrid version of 5D chess taught to dinosaurs by aliens millions of years ago while building pyramids and cutting down massive trees. + +EDIT: Thank you for the awards apes! Long time lurker and DRS hodler here. It took me a year of reading and researching but I have gained a wrinkle or two. I’m not a technical guy or mathematician by any means, but I am a successful business strategist. GameStop is in one of the most unique positions in history as far as their potential, their market, their outlook, and their massively devoted following (ook ook). I spend a lot of time imagining what i would do in their position, and thought I’d finally spitball one of theories off my fellow apes. Glad you all enjoyed it! +You ever just sell all but 1 share of a company incase they do an SPP and you can get them at a discount? Even if it becomes completely worthless cause 1 share wouldn't even cover most brokerage fees but you could still get it at a 20% discount and sell them instantly for more tendies, rinse and repeat. I'm gonna start dropping $500 parcels and sell but 1 off straight away and wait for the tendies to roll in. +&#x200B; + +https://preview.redd.it/i16dknd0fjb71.png?width=1600&format=png&auto=webp&s=0aae62c884f9872d26e2b8ae5d6e8344611a3f36 + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/gqvt0z82fjb71.png?width=680&format=png&auto=webp&s=d6fa5c9a9d6d0d044a6a7afe0556a5f2d8fe5b55 + +The reverse repo's for the day + +&#x200B; + +https://preview.redd.it/sivde6y7fjb71.png?width=640&format=png&auto=webp&s=b9a1d0230c67b685babfc6247b290c6dbf34193b + +69, Noice + +# Netflix + +&#x200B; + +[credit to u\/Square-Translator-44](https://preview.redd.it/i7pcglkcfjb71.png?width=828&format=png&auto=webp&s=68ca33ad119507d5b58dbda3ca1cfd4671c65d54) + +&#x200B; + +Netflix hires one person for/from a game development studio... so that's why GME is down according to them. + +Just imagine what they'll report once they figure out that gme poached top Amazon workers, it may be the reason gme is stable now... sarcasm btw + +for the new apes on the scene this kind of stuff is fairly typical for mainstream media, Gme does good and goes down, no news + +Another company even breathes, OH THIS IS WHY GME IS DOWN, without any correlation between companies. + +&#x200B; + +https://preview.redd.it/89uvfe9igjb71.png?width=640&format=png&auto=webp&s=949bfd030b265ea01e9f8cd27795320487fb446a + +# Blackrocks insane earnings + +As some of you (most likely all of you) know, blackrock is one of the biggest players on the block, they're also the guys who are backing Gamestop and Toys R us (yes TRU is still alive and kicking, but their stock is not publicly traded and blackrock is backing them both). + +Personal theory of mine, GME will eat up TRU and also offer toys but that's for another writeup. + +Now they had an insane earnings report and another ape did a write up on their earnings: + +[https://www.reddit.com/r/Superstonk/comments/ol7w67/blackrock\_earnings\_insane\_results\_breakdown/](https://www.reddit.com/r/Superstonk/comments/ol7w67/blackrock_earnings_insane_results_breakdown/) + +[TMNT ON NES](https://preview.redd.it/6kjnpfhpgjb71.png?width=640&format=png&auto=webp&s=7515307acfdb65702bf4c14e32dfff31688f4af0) + +# Vanguard added 366k shares of GME to their ETFs! + +u/Turdfurg23 Has written a small piece on how Vanguard has added 366k shares of gme to their ETFS, you can check it out [here](https://www.reddit.com/r/Superstonk/comments/okz7jx/vanguard_added_366k_shares_of_gme_to_their_etfs/) + +# FTD's + +thanks to u/Maximito, he has gathered the FTD data of GME + +https://preview.redd.it/gf3y7kguhjb71.png?width=735&format=png&auto=webp&s=1642cb6baf55df431254b1185f671384d6b455bf + +Now it would be interesting to start looking at ETF's and the stock itself, as we all know they've been using ETFS more than just the stock itself, so it would be interesting to see those get combined, and see how many are actually failed to deliver + +https://i.redd.it/kbjfc1qvljb71.gif + +# Cashgrab + +Now lets talk about the latest cashgrab, most of the people involved with this will most likely try to chew me out or not be happy about me saying this but HOLY FUCK my expectations were low, but god damn... + +(Also for the people who are tagged in the post, I'm not sure if they are involved or just being tagged so it gets more exposure) + +Alright lets talk about it : + +&#x200B; + +https://preview.redd.it/rahtcvvrijb71.png?width=320&format=png&auto=webp&s=6f413a82df45192398cf4864f73be246be04b91a + +Jesus Christ, tell me you're trying to profit off of a movement without telling me you're a grifter. + +These guys are charging from 200 ish bucks to a 1000 bucks TO GO TO A CASINO + +&#x200B; + +https://preview.redd.it/kd4lfb92jjb71.png?width=320&format=png&auto=webp&s=e29389ea8be7ba7dfea800754d2206e8e4a44a86 + +When confronted you'll get greeted with "BUT APES NEED A HOLIDAY" "WHY NOT SPEND IT WITH APES" "BUT ITS FOR THE APES" + +I got one for you guys, a couple of things actually. + +1. the squeeze has not happened therefore its dishonest to say it's about vacation, it's about exploiting your userbase to get more cash +2. If you think this is about GME/AMC/ANY STOCK, it's bullshit this is a cashgrab, cash apes could better spend on ANY stock they like +3. Be sure to hit that Superchat to pay 1000 bucks to spend 2 minutes with a guy who streams... + +&#x200B; + +But yeah, the squeeze has not happened yet, we are currently in the middle of everything and you're setting up a "festival" ? Victory has not been achieved, wtf is there to celibrate? by all means Plan some apefest stuff once it has happened, people have had their tendies. + +This is using your "status" to exploit people. + +This is also the easiest way to get to "Dox" people. + +But in case you think it's just me, let me bring you some more tea. + +&#x200B; + +https://preview.redd.it/dds9hfjakjb71.png?width=1080&format=png&auto=webp&s=dac6519f4b2dc32bf5d43966cdf4dd7261294771 + +&#x200B; + +https://preview.redd.it/yavdvobikjb71.png?width=960&format=png&auto=webp&s=4e720050e6a0a08c692dd68aae6823a37f503e7f + +&#x200B; + +https://preview.redd.it/hr9m61dkkjb71.png?width=960&format=png&auto=webp&s=672974bd0dcd9145da2885053c48b7fd55483327 + +So before you get some BS on "YoU'Re JuSt MaD BeCaUsE iT's AMC" nah you idiot, I'm mad that you're trying to exploit people, and guess what? so does most of your user base. + +&#x200B; + +https://i.redd.it/g4kjd66aljb71.gif + +You want to party? awesome go have fun, I'd honestly advise people to go out on the weekend, have fun and relax. But if someone wants you to pay to hang out with them... big no no. + +&#x200B; + +On that final note, it's friday, it can either be the best day of our lives, or just a regular friday like our buddy Mac loves to say, but it will be interesting nonetheless! especially with all those juicy options on the board today 😉 + +&#x200B; + +https://preview.redd.it/mxxu01obmjb71.png?width=554&format=png&auto=webp&s=287b55e2c3a380931d2e58a12c3090bf72ccfae4 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +**ALSO DONT TRY TO EXPLOIT YOUR FANBASE, THIS WOULD ALSO BE EXCELLENT!** + +&#x200B; + +https://preview.redd.it/jfp29ozgmjb71.png?width=400&format=png&auto=webp&s=860b7f53b7ff5122b439d01f65d207b36a7cc3bb + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) +Per u/Rensole's morning news post, +"If people make agreements to take any action together this is market manipulation, and trust me, the governing bodies may not go after Citadel right now but they will come down on individuals. it's illegal, so if anyone wants to make an "agreement" on when to do something, it's permaban." + +Do your own research, make your own decisions, and be kind to one another. + +Back to my Crayola omelette. mmmmmmm...oon. +I posted this five years ago: https://www.reddit.com/r/investing/comments/yn9oy/my_financial_advisor_ignored_my_request_to_invest/?st=JD6MWPZL&sh=cf56827a + +(Sorry for the crap link—I’m on mobile and don’t know all the mobile tricks that make links not reprehensible) + +I’m posting because I have received a few PMs in the past asking me for an update. I haven’t received any in awhile but I thought I’d provide an update in case anyone remembers or might be interested. + +I found an attorney who took the suit about four years ago. Attorneys settled out of court with Wells Fargo for about 90k. One third went to attorneys fees, I think another third to taxes, and the remainder helped me settle after moving for grad school and take care of some car stuff. Whatever I netted was quickly exhausted. + +I’m disgruntled still because the lawsuit was not fair compensation. And for what it’s worth, what I had originally invested was about the amount of student loans I have right now. + +Edit: thanks for all of your feedback, insight, and humor. I appreciate it all, especially the kindness and respect of everyone’s responses (and being more specific, thanks for not calling me a complete idiot for my naïveté and lack of education in this field). +I'm a tipped employee who takes home my main source of income on a daily basis, which can make it hard to budget correctly. It's easy to spend money when you constantly have a little cash in your wallet. Recently, I decided to crack down, and actually came up with a system that has worked spectacularly. I have very minimal expenses and make a decent living, but I'm still shocked and proud of myself that I managed to save nearly $1500 in less than a month following this method. This plan might not work as well for those who take home a bi-weekly paycheck, but as someone who has lived off tips for over 10 years, it has worked amazingly. I think of it as a mashup as the envelope formula and gamifying your money. + +I set a goal of putting away $55 every day from my tips, even on days I don't work. [I set up an excel chart to track this.](http://imgur.com/LajGLXD) I used a basic knowledge of the program to set up formulas tracking my goal, the actual amount saved, and how "on track," i was based off how much money i decided to save for the day. + +The part that really gamified it for me was color coding the 'on track' column to either show red or green based on whether or not I was on par for my goal. It actually became fun to know how much money I needed to put away every day to see the little box turn green, and even more fun to know when I was well over my goal. For some reason, this color coded excel chart helped me save money quicker than anything I've ever tried before, and I'm looking forward to continue using this method and seeing how much I can potentially save. + +Edit: Since so many people have been asking, I thought I'd include a little idea of what my monthly budget looks like. + +*Rent: $500 + +*Phone: $100 + +*Electric: $75 + +*Car Insurance/Gas : $100 + +*Groceries: $300 + +*Debt: $0 + +*Everything Else: $200-$400 (Netflix, Home Supplies, Eating out, Personal Care, etc.) + +*Total Monthly Budget: $1,275 - $1,475 + +*Total Needed Net Income to add $1,650 into Savings Plan: $2,925 - $3,125 + + + + +So recently I’ve seen that the dollar is becoming less and less valued and 7-8 in 10 years will be around 5 how can I protect my money from this? Not including the stock market because that’s where my extra money goes I mean saving +Please feel free to share your tips. + +So far mine are : + +1. I work from home most of the time. So I only keep the heating on in my home office (5 bed makes no sense to hear the entire house ) during the day. I use an electrical heater. My electric bill is minimal because I have solar panels installed. + + +2. Very careful now with my weekly shopping at Aldi. So now spend an average of £50 pw for the 2 of us. +I make 3500k a month after taxes. + +1540$ goes to rent starting April 1st (No, it’s not a joke lol) + +I have 0$ in savings + +I have 9k in car debt and only debt I have + +I move out of my parents March 6th, so I have 2 paychecks before I move out that I can save and 2 before I owe rent. + +For the past 6 months of working and living at home, I bought nice clothes (not designer, brookes brothers, Cole Han, the sort) food, and stuff for when I move out(pots/pans/furniture) so I don’t need to buy anything except a couch and accent chairs. + +I love eating out but know it’s killing my finances. + +The majority of my money went to my car (I put 7k$) on it, my car insurance and cell phone bill, and what I mentioned above. + +Basically I don’t need anything for my apartment. + +What should my monthly budget be or what would you suggest? I want to save and not eat out as much. (Only with. Girlfriend who we both agreed to slit the check since I always bought and always offered to) + +Thanks everyone +Y’all, I need your input. I’m a few days away of accepting an offer that’s going to triple my current income. I want to steward this sudden increase well, and I want to pick your brains on what I could do. + +For the sake of argument, please consider these things. Married with two kids under 4 years old. Don’t have a 401/Roth (don’t know how to get one either yet). We have about 5 months worth of expenses saved and about 2 month worth of food stocked up. No other savings. No debt. We have a secured credit card to build credit (since I have none as a former immigrant). No college funds. We just moved into a rental. We own our vehicle. + +To make it easy to explain and understand, could we talk in percentages or terms like “3 months of expenses” - simply because I don’t know my actual annual income yet, just that it’ll be at least 3x higher. I’ll be going into the 70-90k range. + +Where do I go from here? What do I start next? What after that? +30s M married with no kids (yet). ~5m NW and >1m annual income in UHCOL area. Worked hard and got lucky to get to where I am now, and have all the trimmings of a good life (nice house, cars, clothes, no money stress). Life isn’t perfect: work is stressful and even all the $ in the world cannot buy perfect health for me and my family. But generally things are pretty good and It’s important not to lose perspective on just how lucky I am to be in this position. + +Yet my problem with fatFIRE is the waiting for years of savings and compounding to get me to my fire target (~25m). Sometimes it feels like the movie Click where I just want to hit fast forward 10-15 years to get the destination where I’ll feel like I truly have control over my life without money dictating where I live and how I spend 10+ hours a day. But I also know don’t want my life (especially what should be some of my best years) to pass me by. + +High class problems to have, but it’s been tough to buy in to fatFIRE and deal with the work grind and save a lot while also living for the moment and being present. Curious how others have dealt with this. +So I don’t know about the rest of you, but this past year I’ve watched a ton of my friends flip into work from home forever jobs. And while they might have to run out to a meeting once in a while in person, they’ve realized most of their job doesn’t require an office to be done. Some of them have also realized, if you’re self-employed, depending on where you are, you may be able to write off your mortgage or rent on taxes. + +As someone who used to work in recruiting, a business riddled with corporate overlords sucking the blood out of their employees for little more than basic administration, I’m quite used to explaining to people that their current bosses aren’t treating them right and that they deserve more. + +Which they do, since they’re the ones actually doing the work. So while we never stop talking about automation replacing labor, how about automation replacing my once bloated recruiting department and the bosses skimming the margins off the top? + +**Work Quest** is a company cut in the mold of traditional business killers like **Fiverr** and **Upwork.** By bringing freelancing to your fingertips, these companies have put developed countries to be on track to have **more freelancers than full-time workers** ***in potentially less than ten years.*** + +And while of course those massive international companies in Fiverr and Upwork are dominating the market, it’s not hard to imagine how utilizing the trustless ledger of the blockchain will become essential as we scale their operations up, with both companies and freelancers looking toward the platforms that take the least of their money. + +Now check this out, search for some competitors. **Argon, which is at a $55M circulating cap, is out there, but they’re on BSC**. For Ethereum, no one’s really stepped up. Ethlance got a lot of attention but then disappeared. Bounty0x is still alive at a $2M cap, but just hasn’t found a way to get any traction in its four years of existence. + +You could try to blame the market but when Argon is clearly picking up so much speed and MATIC is available to handle gas fee concerns, the onus falls on the dev and marketing teams. + +And that’s where Work Quest separates itself. **Their public team and advisors are loaded with experience both in DeFi and traditional finance** and this is certainly not their first business or project. The presentation on the website is top-notch cemented by this [promotional video](https://www.youtube.com/watch?v=Ii2e9lu2KuI). + +If you had any doubt that Work Quest is for real, that should be right out the window by now. Beyond a steady hand at the wheel, they’re already forward thinking, developing expansions to their platform such as **P2P insurance and a retirement savings plan**. These are ingenious solutions to the potential fallout of a freelancer-based society and shows how quickly this team can get attention and gain traction. + +But really, no one does a better job of presenting themselves than Work Quest, a company that understands how to grow this business and take advantage of a market looking for answers after they’ve been working from home for so long. Just scroll down their [frontpage](https://workquest.co/), and make sure you catch the partners and road map at the end, it’s quite impressive. + +So how early are you on this one? Well, they released the token for public sale… **today**. Like just now. So yeah, if you wanna cash in on this token that **just listed at a sub $1M cap**, I’d probably just go pick some up right now. Link below: + +&#x200B; + +Website - [https://workquest.co/](https://workquest.co/) + +Uniswap - [https://app.uniswap.org/#/swap?outputCurrency=0x06677dc4fe12d3ba3c7ccfd0df8cd45e4d4095bf](https://app.uniswap.org/#/swap?outputCurrency=0x06677dc4fe12d3ba3c7ccfd0df8cd45e4d4095bf) + +Dextools - [https://www.dextools.io/app/uniswap/pair-explorer/0xf1fe852fca1b5a869ef1fe06a2799e1f38b70b84](https://www.dextools.io/app/uniswap/pair-explorer/0xf1fe852fca1b5a869ef1fe06a2799e1f38b70b84) + +Medium - [https://workquest.medium.com/](https://workquest.medium.com/) +(reposting bc Automod instantly deleted it, this is my 3rd time trying lmao idk why it keeps deleting. I'm deleting the article links this time to test. Maybe that's why..) + +Hello beautiful Apes! + +Sooo I heard ppl are saying Kenny moving to NYC. I doubt it because they're about to become insolvent due to their naked shorting bullshit. But hey let's check it out anyway. + +Says he's moving to 425 Park Ave. And was waiting for it to be completed before moving in. + +\-------------------------------------------- + +**"The Citadel founder’s 13,900-square-foot office floor will otherwise be awesome. The 47th floor office — roughly 680 feet in the air — has 38-foot-tall windows overlooking most of the city and Central Park.** + +**His two companies, Citadel Securities and the Citadel hedge fund, have also rented the 46th floor along with 14 others on over half the 670,080-square-foot tower."** + +\-------------------------------------------- + +**"Citadel will occupy 16 floors, including a three-story diagrid floor which contains a mezzanine on the 14th floor (with 20-foot-high ceilings overlooking the 12th floor trading area)."** + +\-------------------------------------------- + +**"The anchor tenant is billion Ken Griffin’s Citadel Enterprises hedge fund, which has leased 331,800 square feet of the 670,000 square-foot tower. Citadel will occupy 16 floors, including a three-story diagrid floor and corresponding mezzanine, as well as the penthouse office floor. "** + +\-------------------------------------------- + +Okay so let's check out 425 Park Ave!! + +As of 6/29/2021 + +[https://www.425parkave.com/media/img/availability/425\_Park-Stack-2021.06.29.pdf](https://www.425parkave.com/media/img/availability/425_Park-Stack-2021.06.29.pdf) + +The top 2 floors are still leased. + +I wonder if some ape were to call them on Monday to find out if a vacancy has opened up recently, that would be interesting to see. + +But I posted all the above because I wanted to get some eyes on the fact that this building has cameras 24/7 live feed in multiple angles and the articles tell us which specific floors are theirs. + +[https://www.425parkave.com/building/](https://www.425parkave.com/building/) + +Go to "Construction Cameras" + +Live Feed. + +Construction cam 4k lite shows the top 2 floors. + +There's so many angles and ARCHIVED FOOTAGE!!! I'm sure apes will have fun with this. + +If they're actually moving in, we should see 3MD movers shortly. +Hey everyone, + +&#x200B; + +I am a 20 year old university student who does not have any expenses yet since i live at home, i not an experienced investor and have invested about 5k so far into ETFs like VFV. I was wondering if i should start investing in other things like REIT or anything. I was looking at stuff that could help me reinvest dividends but obviously not a company that will go under due to high yield. + +&#x200B; + +I appreciate all you and your help! +Did you know that 10 years ago, Mastercard's dividend yield was just as high as it is today (0.5 percent)? Nevertheless, investors who have not sold their shares since then have a yield on cost of over 7.5 percent today (!), which shows once again that dividend increases are more important for long-term investors than the initial yield. +I'm so frustrated I'm literally in tears at this point. I've had a lease with two of my girlfriends for the past year and there's been a lot of struggles but overall everyone has gotten along until the end. I manage all of our payments to our landlord but several times my one roommate has been a real pain to get rent money from. Her parents just put money in her account and she transfers it to me so I never understood why she put up such a fuss to pay rent. We use CashApp and at the end of the month they transfer rent money to me and I send it to our landlord. We moved out at the end of April since our lease is up starting the beginning of May so both my roommates have sent in the last month rent to me and since moved back home. However my one roommate did a charge back or some sort of claim with her bank and CashApp has since taken all of her rent money out of my account no questions asked and now I'm $600 short for rent and my landlord has been breathing down my neck and I'm not sure what to do. I have attempted to explain the situation to my landlord but he's been horrible to deal with and since I'm the only one who has ever sent him rent money all he says is I have to send him $600 by the end of the week or we're not getting back our deposit at all. I've tried to contact her but it appears I've been blocked on all platforms by her. I'm not sure what to do at this point as I only currently work part time with school so it would take me weeks to make that amount to cover what we're still owed. I've recovered from my mental breakdown enough to write this out now I literally don't know what to do at this point should I try to contact CashApp again or try going to small claims court or something? + +&#x200B; + +Edit: Two people reached out and asked for pictures of me in exchange for rent money, please don't message me with something like that :( +Your state is probably next. + +How is this going to work? + + [https://www.kansas.com/news/politics-government/article241290866.html](https://www.kansas.com/news/politics-government/article241290866.html) +Seriously. I walked into my state's job center and asked if they knew about any training opportunities. They told me about a program that pays for tuition, fees, and supplies for the entire RN nursing program (ASN). This grant is also for training for LPN, EMT/Paramedic, radiology tech, phlebotomist, CNA, and some other medical professions. + + +All I had to do was be poor as fuck(200% of poverty level, I'm way below that), have a GED/HS diploma and be unemployed. I filled out the application and just got an email today saying I was accepted. + +**You guys should check at your local job centers and see what they offer. It was easy.** + +This seems like a good way out of the minimum wage dead end jobs. + +Edit: Wow! Thanks for the gold kind stranger! :D +*Hey apes! 😊 Im getting a handful of comments that only really apply if you only read the title. If you care enough to comment please read the whole post first so you don’t assume this is about me trying to force him to do something, leaving just because we don’t agree on something, etc. That’s not what’s happening here. GME really just highlighted the incompatibility issues we already had. I do pretty much have all the advice I need though as I didn’t expect this getting quite as many views or comments. Really appreciate you all :).* + +And no it’s not just because he won’t buy the stock. To me it’s symbolic of not only a lack of not listening to anything I’ve told him over the past 5 months but also a total unwillingness to pick up the phone he’s already on quite often and read something about it. Like it just really gets under my skin in this way I can not describe. + +And before anyone tells me I can’t make him do something he doesn’t want to do and don’t let this ruin my relationships and stuff.. it just feels like this is outlining a lot of differences between us and his lack of trust in what’s right in front of him. Meanwhile he believes anything he reads on Google and wants to eat out every other night and throw money at random shit. + +Recently I’ve started asking why he won’t at least read up on it and so far he sort of just blows the question off all together and chalks it up to nothing more than a gamble. I get that but wouldn’t you at least consider something your SO is so passionate about? + +Edit: I’m probably just never going to bring it up again as someone suggested and take this as a sign of larger differences. Work on my exit plan.. for this relationship. 🥺 + +2nd edit: Hey thanks to everyone for your responses. I am reading each one and I really appreciate the clarity. And to those of you who pointed out respecting him and his wishes not to be involved in it, I know you’re right on about that too. Like I said I think this just brought a couple other things to the surface that I think I already knew in my gut. Not sure why I ran to Reddit to talk about it other than to get some feedback (and I’m a little embarrassed for doing so tbh) but I do appreciate it all. + +Btw we live together but no conjoining of finances. Not that serious, about a year. I think I know what I need to do here - we each deserve more like minded partners probably. Thanks again. + +Last edit: You people never cease to amaze me with your kindness. Still reading all these. Thank you. Ape strong and I’ll seeya on the 🌝. +I get paid biweekly (924.25) and work 40 hrs a week. I recently got paid for 80 hrs of normal work and 80 hrs of overtime (2075.82). It was someone's mistake working on the payroll. Once they realized their mistake, I was paid 0.00 for the next paycheck and 498.60 for the next. A total of 2574.42 for the 3 paychecks. + +I would normally make 2772.75 for 3 paychecks. So this is a difference of 198.33 due to having more taxes taken out of the large amount I was accidentally paid. I've been trying to figure out what to do about it. I would like to be paid the 198.33 but the lady I talked to said the taxes have been paid and there's nothing she can do. + +I've been trying to get this resolved. The people managing my paycheck accused me of intentionally doing this and that I tried to hide the mistake. I notified my boss the day I was paid and we couldn't get in touch with the payroll people for a week. So I don't know if there's nothing that can be done or if they just don't want to do anything. + +Should I just let this go? Or do I file it when I do my taxes? + +Edit: Thanks so much everyone! This is my first job/ the first time I will be filing taxes so I just wasn't clear on everything. As long as I'll get it back at the end I'm okay with waiting. I now realize that I was paid the same and taxed differently and there's nothing payroll can do now to fix this. + +Edit 2: wow thank you all so much for your input! I'm surprised this got so much attention for such a small issue. I will worry about the 198 when I file my taxes! Also I will read everyone's comments tonight and reply to them. + +Edit 3: okay so while I was at work I spoke to a lady briefly and she just kept telling me there wasn't anything they could do to fix the problem and the money was already sent away from the initial pay check. My boss was calling me at the same time so I told her I had to go. I haven't gotten the chance to call her back today. I just got an email saying my case number has been closed! (They gave me a case number when I reported a problem) I feel like they're trying to hide something. Not exactly my issue but I'm sure they have messed up bigger things in the past and they don't want me to draw attention? I'm okay with just letting all of it go. But it's ridiculous that they closed my case without me getting a chance to talk +I(27) have health insurance cover from my employer but planing on taking my own one. Have shortlisted it to HDFC ERGO Optima Restore. Needed some suggestions regarding the following: + +1. What is an ideal base cover amount to be taken considering future inflation factors? Was thinking 15L/20L since their Super top up has a 20L limit. Also any idea about the current premium rates for this range? + +2. Should Super top-up be taken along with base itself? Is there any downside to taking it later on? If it's later, then when possibly is a good time to consider it? + +3. Since HDFC super top-up is a low amount, is also considering taking it from another company. Any downside other than it being a later reimbursement/extra steps to be done? +Converted an Abandoned Building Into a Community Event Center, Office and Food Truck Park in Austin, TX + +https://imgur.com/gallery/D15hm5h + +**UPDATE: Lots of you were asking about our numbers...I wrote about the details of the deal here: https://www.openhouseaustin.co/blog/openhouserenovation +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! +A post the other day talked about how ferrari’s and lambos are a pain to drive on pothole and speed bump riddled roads, but they get the most bang for the buck in the entertainment category. Wondering if anyone owns other nice cars that are maybe a little more forgiving of US roads and what your experience has been. +Looks like Germany wasn't the only one who got fucked over eh? + +I'm seeing posts and comments across here that we got fuckin duped! If you believe that your securities have been mishandled and have some evidence backing that I'm sure your provincial rep might want to hear about it. this is NFA, nor do I condone brigading. this post is just a simple contact list of representatives across Canada that you can direct your concerns to. If, you feel obliged to do so. + +Edit 2: First I would like to thank everyone for not letting this die in new. A great comment below states to CC your MP's in an email if you are escalating things. Exposure, Exposure, Exposure. If some of these reports are true, its fraud and is very serious and I would hope an investigation would commence. Good luck to you all - Let the maple syrup flow. + +Edit: I would also like to add the contact information of the IIROC - Investment Industry Regulatory Organization of Canada. Many provincial inquiries may just land you here. I would like to add that going over the head of your provincial reps is a lot quieter... exposure is a good thing and maybe, just maybe one of these provincial reps is a bloodhound. you never know. + +IIROC + +Email: [InvestorInquiries@iiroc.ca](mailto:investorinquiries@iiroc.ca) + +Toll-free (Canada/US): 1 877-442-4322 + +Toll-free (outside Canada/US): 800-5555-2323 + +&#x200B; + +Here are the contacts sorted by province. Remember to be RESPECTFUL! + +**Alberta**: Stan Magidson, Chair and Chief Executive Officer + +Alberta Securities Commission + +Suite 600, 250–5 Street SW + +Calgary, Alberta T2P 0R4 + +Tel: (403) 297-6454 + +Tel 2: 1-877-355-0585 + +Fax: (403) 297-6156 + +Web: [https://www.albertasecurities.com](https://www.albertasecurities.com/) + +Inquiries: [Inquiries@asc.ca](mailto:Inquiries@asc.ca) + +**BC**: Brenda Leong, Chair and Chief Executive Officer + +British Columbia Securities Commission + +P.O. Box 10142, Pacific Centre + +Vancouver, BC V7Y 1L2 + +Tel: (604) 899-6500 + +Tel 2: 1-800-373-6393 + +Fax: (604) 899-6506 + +Web: [www.bcsc.bc.ca](http://www.bcsc.bc.ca/) + +Inquiries: [inquiries@bcsc.bc.ca](mailto:inquiries@bcsc.bc.ca) + +**Manitoba**: David Cheop, Chair and Chief Executive Officer + +The Manitoba Securities Commission + +500-400 St. Mary Avenue + +Winnipeg, MB R3C 4K5 + +Tel: (204) 945-2548 + +Fax: (204) 945-0330 + +Web: [https://www.mbsecurities.ca](https://www.mbsecurities.ca/) + +Inquiries: [securities@gov.mb.ca](mailto:securities@gov.mb.ca) + +**New Brunswick**: Financial and Consumer Services CommissionKevin Hoyt, Chief Executive Officer + +Financial and Consumer Services Commission + +85 Charlotte Street, Suite 300 + +Saint John, NB E2L 2J2 + +Tel: (506) 658-3060 + +Fax: (506) 658-3059 + +Web: [http://www.fcnb.ca](http://www.fcnb.ca/) + +Inquiries: [info@fcnb.ca](mailto:info@fcnb.ca) + +**Newfoundland and Labrador**: (No single contact) + +Newfoundland and Labrador + +Office of the Superintendent of Securities Service Newfoundland and Labrador + +Service Newfoundland & Labrador + +St. John's, NL A1B 4J6 + +Tel: (709) 729-4189 + +Fax: (709) 729-6187 + +Web: [http://www.servicenl.gov.nl.ca/securities/index.html](http://www.servicenl.gov.nl.ca/securities/index.html) + +**NWT**: Matthew F. Yap, Superintendent of Securities + +Northwest Territories + +Office of the Superintendent of Securities + +Department of Justice Government of Northwest Territories + +Yellowknife, NT X1A 2L9 + +Tel: (867) 767-9305 + +Fax: (867) 873-0243 + +Web: [https://www.justice.gov.nt.ca/en/](https://www.justice.gov.nt.ca/en/) divisions/legal-registries-division/ securities-office/ + +**Nova Scotia**: Nova Scotia Securities CommissionPaul Radford, Chair + +Nova Scotia Securities Commission + +Suite 400, 5251 Duke Street + +Halifax, Nova Scotia B3J 1P3 + +Tel: (902) 424-7768 + +Fax: (902) 424-4625 + +Web: [http://nssc.novascotia.ca/](http://nssc.novascotia.ca/) + +**Nunavut**: (no contact) + +Office of the Superintendent of Securities Nunavut + +1st Floor, Brown Building + +Iqaluit, NU X0A 0H0 + +Tel: (867) 975-6590 + +Tel 2: (867) 975-6594 + +Web: [http://nunavutlegalregistries.ca/sr\_index\_en.shtml](http://nunavutlegalregistries.ca/sr_index_en.shtml) + +**Ontario**: Ontario Securities CommissionD. Grant Vingoe, Chief Executive Officer + +Ontario Securities Commission + +20 Queen Street West + +Toronto, ON M5H 3S8 + +Tel: (416) 593-8314 + +Tel 2: 1-877-785-1555 + +Fax: (416) 593-8122 + +Web: [www.osc.gov.on.ca](http://www.osc.gov.on.ca/) + +Inquiries: [Inquiries@osc.gov.on.ca](mailto:Inquiries@osc.gov.on.ca) + +**PEI**: The Office of the Superintendent SecuritiesSteve Dowling, Director + +The Office of the Superintendent Securities + +Consumer, Corporate and Insurance Services Division Office of the Attorney General + +Charlottetown, PE C1A 7N8 + +Tel: (902) 368-4569 + +Fax: (902) 368-5283 + +Web: [www.gov.pe.ca/securities](http://www.gov.pe.ca/securities) + +**Québec**: Autorité des marchés financiersLouis Morisset, President and Chief Executive Officer + +Autorité des marchés financiers + +800, Square Victoria, 22e étage + +Montréal, QC H4Z 1G3 + +Tel: (514) 395-0337 + +Tel 2: 1-877-525-0337 + +**Saskatchewan**: Financial and Consumer Affairs Authority of SaskatchewanRoger Sobotkiewicz, Chair and CEO + +Financial and Consumer Affairs Authority of Saskatchewan + +6th Floor 1919 Saskatchewan Drive + +Regina, SK S4P 3V7 + +Tel: (306) 787-5645 + +Fax: (306) 787-5899 + +Web: [http://www.fcaa.gov.sk.ca](http://www.fcaa.gov.sk.ca/) + +**Yukon**: Office of the Yukon Superintendent of SecuritiesFred Pretorius, Superintendent of Securities + +Office of the Yukon Superintendent of Securities + +307 Black Street, 1st Floor, + +Whitehorse, Yukon Y1A 2N1 + +Tel: (867) 667-5466 + +Tel 2: 1-800-661-0408 + +Fax: (867) 393-6251 + +Web: [https://yukon.ca/en/doing-business/securities](https://yukon.ca/en/doing-business/securities) +&#x200B; + +|REIT UK Index|Daily price movement as of LSE close today (4:30pm UK).|Performance, trailing 5 days| +|:-|:-|:-| +|FTSE NAREIT UK Index|\-5.89%|\-16.31%| + +&#x200B; + +|*Commercial REITs*|Daily price movement as of LSE close today (4:30pm UK).|Performance, trailing 5 days| +|:-|:-|:-| +|Segro|\-6.05%|\-17.50%| +|Land Securities Group|\-6.21%|\-17.70%| +|Warehouse REIT|\-8.41%|\-24.31%| + +(1) + +|*Specialist REITS*|Daily price movement as of LSE close today (4:30pm UK).|Performance, trailing 5 days| +|:-|:-|:-| +|Supermarket Income|\-5.63%|\-14.74%| +|Impact Healthcare|\-5.94%|\-19.24%| +|Residential Secure Income|\-4.96%|\-17.61%| + +Such huge and swift declines in many of these REIT share prices were last seen in the global financial crisis of 2008 and the 2020 market crash. + +These significant drops in share price follow concern among investors about the UK property market - in particular, concerns about rapid rate hikes (2). + +This afternoon, the 2 year gilt yield has risen to 4.61%. The GBP/USD exchange rate is 1.07 as of 4pm today, down from 1.17 just 1 month ago. + +A number of mortgage providers have restricted access to mortgage products due to interest rate volatility (3). + +A number of the largest mortgage providers have today revealed increases in their rates, with the 2 year fixed Nationwide BS mortgage having a rate of 5.59%. (4) + +What are your views on the UK property market at this time? + +&#x200B; + +Sources + +* ^(1 - Google Finance - there may be discrepancies/changes in prices due to market data delays.) +* ^(2 -) [^(https://www.theguardian.com/business/2022/sep/26/pound-sterling-uk-interest-rates-bank-of-england)](https://www.theguardian.com/business/2022/sep/26/pound-sterling-uk-interest-rates-bank-of-england) +* ^(3 -) [^(https://www.bbc.co.uk/news/business-63041679)](https://www.bbc.co.uk/news/business-63041679) +* ^(4-) [^(https://www.financialreporter.co.uk/nationwide-increases-fixed-rates-by-between-90-120bps.html)](https://www.financialreporter.co.uk/nationwide-increases-fixed-rates-by-between-90-120bps.html) +**Looking at long-term real house prices and population growth trends in the UK, USA, and Amsterdam.** + +\-- + +In my last post on the housing market, I wrote that: + +>“This post will, hopefully, conclude our discussion of the housing market.” + +However, it seems like my research on this topic has struck a nerve. Some of your private responses to me included counterpoints like: + +* I should stick to valuing businesses because I *clearly* don’t understand real estate. +* The US real estate bubble is isolated. It is not a global bubble, and conditions are entirely different to ‘08. +* Population growth and limited supply ensure prices only go up in the long term. +* If prices go down and you continue to hold, *the ‘Bill-Gates-esque’ uber-rich* will buy up all the land and prices will recover and surpass previous levels. + +Out of these counterpoints, there are two main ideas I wanted to extract and explore: + +1. What have house prices done across the world over the very long term? +2. What is the relationship between population growth and real house price growth? + +\-- + +#### A Long-Run Look At Real House Prices Across The World + +It is an invariably accepted belief that house prices always rise and always will as long as you have a long enough horizon. But is this true? Or, are we like the frog in a pot of boiling water? Are we falling victim to recent extrapolation bias? + +I have plotted the three longest-running real house price indexes I could find for the USA, UK, and Amsterdam. I have also plotted the long-run median index level for each. + +[The United States Real House Price Index (1890-2021)](https://docs.google.com/spreadsheets/u/1/d/e/2PACX-1vQsyJqHUwIudImfR3OFNj2Cl8afevgv2IkBqJZEXwIFjrt3DENoT06tDp9OvNasVfFaAPWlVSjUnVSg/pubchart?oid=430732677&format=interactive) + +Data Source: [Robert Shiller’s Online Data](http://www.econ.yale.edu/~shiller/data.htm). + +There are a few things that you’ll notice about real house prices in the US: + +1. Before WW1 and WW2, prices were trending sideways. Then, from the onset of WW1, prices declined by \~30%. +2. After WW2, prices climbed rapidly again. Real prices rose \~55% between 1943 and 1948. +3. Prices went sideways for half a century from 1948 to 1998, with some boom and bust cycles at the onset of the 70s, 80s and 90s. +4. The 2008 housing bubble stands out like a sore thumb. I have covered that boom/bust in detail on my site and in my book. It is interesting to note that the prices declined until they almost reached the long-term median level. +5. Since mid-2012, prices have been inflating at a similar pace and magnitude as they did in the lead up to the ‘08 bubble. There has been a noticeable spike in 2020/21. + +[The United Kingdom Real House Price Index (1844-2021)](https://docs.google.com/spreadsheets/u/1/d/e/2PACX-1vQsyJqHUwIudImfR3OFNj2Cl8afevgv2IkBqJZEXwIFjrt3DENoT06tDp9OvNasVfFaAPWlVSjUnVSg/pubchart?oid=556380828&format=interactive) + +Data Source: [Bank of England Research Datasets - A Millennium of Macroeconomic Data - House Price Index](https://www.bankofengland.co.uk/statistics/research-datasets). + +There are a few things you’ll notice about real house prices in the UK: + +1. Similarly to the US, before WW1 and WW2, prices were trending sideways. Then, from the onset of WW1, prices declined by \~58%. +2. After WW2, prices climbed rapidly again. Real prices more than doubled (\~105%) between 1943 and 1948. +3. Since then, real house prices have increased exponentially. Real prices doubled over the half-century from 1948 to 1998. And, in the 22 years since, they have more than doubled again - rising by 139%. +4. We can see similar boom/bust cycles as the US at the onset of the 70s, 80s and 90s. +5. However, in contrast to the US, the 2008 financial crisis did not have as pronounced an effect on real prices. But, like the US, real prices are now back above their 2007/8 highs. + +[Amsterdam Real House Price Index (1619-2021)](https://docs.google.com/spreadsheets/u/1/d/e/2PACX-1vQsyJqHUwIudImfR3OFNj2Cl8afevgv2IkBqJZEXwIFjrt3DENoT06tDp9OvNasVfFaAPWlVSjUnVSg/pubchart?oid=650414045&format=interactive) + +Data Source: [Korevaar, M., Eichholtz, P., & Francke, M. (2021), Dure Huizen Maar Geen Zeepbel in Amsterdam. Economisch Statistische Berichten 106 (4793), 32-34](https://sites.google.com/view/matthijskorevaar/data?authuser=0). + +This data is the longest-term house price data I’ve been able to find. It has echoes of the Herengracht Index but is extended and updated. + +There are a few things you’ll notice about real house prices in Amsterdam: + +1. Prices rose dramatically in line with the Dutch Tulip bubble (1634-1637). +2. They rose even more dramatically during the Mississippi and South Sea Company manias in the 1720s. +3. In the 1790s, the French Revolutionary Wars (the French captured the Austrian Netherlands and the Dutch Republic) led to a dramatic real house price collapse. It took roughly 80 years for prices to recover to their previous level. +4. As with the US and UK, WW1 and WW2 saw prices decline. They continued to decline until 1986, with boom/bust cycles in the 60s and 80s. +5. Since then, prices have exploded. From 1986 to 2008, they were up more than 4.5x. And finally, from their 2013 lows, they have almost doubled (\~81%). + +If you bought housing there in 1619 and sold it in 1986, your real capital gain would have been essentially zero. Amsterdam was a fast-rising global power in the early 1600s. The Dutch Guilder became the global reserve currency in about 1640 and maintained that position until about 1720. You would have been through 370 years of economic booms and busts, losses and victories, and prosperity and productivity growth. But, for 370 years worth of holding, your real capital gain would have been zero. *However, in the 35 years since, you would have realised a 559% real capital gain (!?).* + +***Takeaways on Long-Term Real House Prices*** + +These three datasets give us a cumulative 710 years worth of house price data to analyse. Drawing together similarities, we can see that: + +1. Real house prices have followed a boom/bust cycle that follows the short and long-term credit cycles. Shorter-term declines have followed shorter-term booms. Longer-term declines have followed Longer-term booms. +2. Globally, something changed in the latter part of the 20th century (around 1990). Long-term norms for real prices have been thrown out the window. We have real house prices that are totally unlike anything in recorded history. I have previously covered in detail why I believe the Basel Accords, biased and flawed bank asset risk-weighting metrics, the proliferation of ever cheapening credit, and the switching of the pricing feedback mechanism from negative to positive have driven this. + +\-- + +#### The Relationship Between Population Growth & Real House Prices + +To analyse the relationship between population growth and real house prices, I sourced population data for the US, UK and Amsterdam. I divided the data up into 10-year buckets (some years don’t have population data) and looked at the growth in real house prices vs the increase in population over that time to test a correlation between them. + +***Correlations Between Real House Price Growth & Population Growth*** + +See the spreadsheet and data [here](https://docs.google.com/spreadsheets/u/1/d/e/2PACX-1vRkCHMQRAIY8BqxDbExNPwnH0JdfoCi_6oeylM9Wj5WK1kcG22qSIkDQWNrKkp1t8bpRaQ75wbIvoIp/pubhtml#). + +* United States: *r = -0.478, (p = 0.01)* +* United Kingdom: *r = -0.060, (p = 0.73)* +* Amsterdam: *r = -0.001, (p = 0.99)* + +I failed to demonstrate a correlation between population growth and real house price growth for the UK and Amsterdam. + +I have evidence of a negative correlation between population growth and real house price growth in the US (!?). + +These results fly entirely in the face of prevailing sentiment and suggest that there is, in fact, almost no relationship between population growth and real house price growth over the long term. + +So, what are the answers to the questions I set out at the start: + +***What have house prices done across the world over the very long term?*** + +The answer to this is that they have risen and fallen in line with the credit cycle and significant political upheaval but have essentially remained flat. The explosive appreciation in real house prices over the last 25 years is entirely out of the ordinary. + +***What is the relationship between population growth and real house price growth?*** + +We failed to show any positive correlation between population growth and real house price growth. Moreover, in the US, there is evidence that it is the opposite. + +\-- + +#### Data & Spreadsheets: + +See the data and spreadsheet [here](https://docs.google.com/spreadsheets/u/1/d/e/2PACX-1vRkCHMQRAIY8BqxDbExNPwnH0JdfoCi_6oeylM9Wj5WK1kcG22qSIkDQWNrKkp1t8bpRaQ75wbIvoIp/pubhtml#). + +Copy the data and spreadsheet [here](https://docs.google.com/spreadsheets/u/1/d/1Fs2cP2lhUyonErtiMRgGOtRycDSYVYzfxEhv811ij-k/copy#gid=1669226225). +Alright, I'm ready for the regular r/cc massive downvote, let's go. + +Everywhere I see "you should diversify", "don't gamble all in one coin", et caetera. + +The thing is, whatever coin you pick (if it's not just a hypecoin); the token is still in its infancy stage on the market; and will mostly follow blindly granddaddy bitcoin footsteps in his charts. + +In ten another years, yeah, we might see charts going their own ways, but as for now, diversification won't do much for you. In the cryptosphere that is. You may aswell get someting that offers you some sort of stacking rewards while you're at it, if you're in for the long haul, with a project you believe in. + +Now if you tell me that you got some stocks on the side; a pile of cash or precious metals, THAT is diversification, and doesn't follow the same old chart. + +Making it 50/50 between two cryptos, or more, won't save you in the bear. + +That's all I have to say for today. Bring on your guns, I am ready! + +Have a nice day, in all cases :) +I spoke with fellow apes who have only DRS'd a handful of shares. If your're committed to going long on a solid company with strong technicals, why sit on the sidelines and watch shorts manipulate your future? They won't play by the rules. The SEC has already turned a blind eye. We already bought the float by mid summer (see voting results). That hasn't stopped Mayo boy & gang from naked short selling. If your shares aren't registered they have been internalized and have done nothing to the price. The MOASS likely won't occur until after the January 2022 puts expire (my opinion). + +Do what you feel is best for you and yours. But if you believe DRS is the way, get off the bench and get into the game. + +*This is Not Financial Advice, just common sense* +A couple years back I cosigned on a car for someone that I thought was dependable as a way to help them out. While we were close friends at the time, we now have not spoken in over a year. Today I got a hit on my credit for delinquency on their account and it hit pretty hard. + +What are my options to get out of this situation? + + +Edit: thank you everyone for the advice. I agree that this needs to be something everyone can learn from, just wish I wasn't the one who made this mistake upfront haha. + +As an update I reached out to the other party and requested the car be refinanced. They seemed open to it, but we will see how the bank feels. +Phone held up to his ear, in a gargled voice I hear “Hold on Buddy” + +Smoking one for him now writing this and can’t help but think… + +Thanks Dad + +I’ve been here since November, I was holding a bit for him… those shares never get sold. I gotcha X holders, in fact, my dad “Has you covered” as he would say… + +Edit: Grammar +Big news! Excited to see where this goes—great opportunity for Youtubers. Expect to hear more about BAT this month. +https://brave.com/referral-program/ +I’m just curious about it. ^I’m ^definitely ^not ^the ^IRS. + +But, honestly.. how stressful was it? If you were like me and just got into crypto earlier this year. You probably made a lot of transactions. + +Buying *a* then changing it to *b* then changing that *b* into *c* and *d* then selling the *c* for a 10% loss and selling the *d* for a 69% profit. + +Like how tf am I supposed to calculate that?!? + +There’s definitely a need for a simpler way to fill taxes on crypto. + +^disclaimer: ^I’m ^definitely ^not ^the ^IRS ^;) +This post probably will get down vote to oblivion but fk it, I can't be the only one feel like this. + +I've been with GME since October last year and seeing how the og of this play versus now is kind of scary to say the least. + +I wasn't as early as DFV or Cohen but I got in because I make bet based on people and after literally watching every RC's interview and reading every article I went all in. The group that was into GME back then was much smaller so that's why it caught Wallstreet off guard. The current state is way fking different. + +Everything we do is being monitored, we're in the light they're in the dark. It's great that we share knowledge about the market and how crooked these hedges are but remember to always double check, just because someone do a DD doesn't mean they are correct (I don't care who they are). A lot of you who so impatient is because you TRULY did not understand this play and just following blindly. I will list out couple of things that help me and could possibly help you take your mind off of this obsession (it's more healthy for your brain this way, at least imho) + +1. Understand the person in charge of this company and ask yourself, if all the info out there of this person is true. Can I trust him with my money, if your answer is yes then leave your money with him and go on with your life. + +2. Think of the money you invested in GME is gone, it is no longer your money. If you open a business, the cost of opening a business is gone and you can't take it back so you either follow or fold (take the L if you can't handle it) + +3. Any specific subreddit is an echo chamber, everyone love the good old confirmation bias. Because we get bored of shit easily since we're living in a instant gratification, we want excitement every day. Control this and you can 100% 💎🤲 this to infinity when it squeeze. (So don't look for confirmation bias) + +4. Worshipping people, you putting that person in control of your decision. If this is your life saving or the money you care so much then why? The one who runs GME is Ryan Cohen, not reddit mods. So stop worshipping people. + +5. Last one, as much as we all want this play to be our retirement play because you hate your job. Treat this like it isn't, treat it like an investment and not a lottery ticket. Treat it like the squeeze isn't a play but the company's future is so fking bright that it is a no brainer. We know the gaming industry better than these cartridges calling boomers (who the fk use that word anymore). Soon they will cave and be the late investors, be happy you're early. + +The only thing everyone need to do right now is vote if their broker allow them to vote. Live your fking life like nothing going to change. Don't let your impatient fk with your money because it will, especially you're going to invest in the future. People lose money in the market mostly because of either impatient or gambling. I know this isn't a typical DD of the stock, but more of a DD of you as an 🦍💎🤲 + +TLDR: live your life like nothing going to change and 💎🤲🥜🚀🚀🚀🚀🚀🌙 + + +Edit: did not expect this to receive this much love! Thought nobody gonna see this since people hate hearing the truth (glad I'm not the only one!) Have a great day apes and thanks for the awards! Love you guys, just don't want you guys to lose sleep over shit you didn't have to (at least that's how much I trust in RC) +Let me preface this by saying that if you put 1000$ into bitcoin back when it was first released, you are probably very rich today. But let's not let that distract from the fact that it makes you somebody who wired 1000$ to an anonymous person on the internet, in exchange for some magic beans. + +These days you're probably stupid not to have money invested in crypto, but just keep in mind that it's almost entirely based on speculation, and a lot of your success is based on pure luck. **Everybody is a genius investor in a bull market**. The people you see posting here acting like seasoned investing gurus, are more often than not people who just happened to get lucky a few times. Have fun with your Baron Rothschild memes, acting like every person who invests in crypto is going to become a millionaire. + +This is not the first time in history when a generation of young people have jumped on a wild speculation train and gotten rich. During the height of the dotcom bubble, people had the exact same attitudes. "25% returns in a year? Those are scrub numbers. Anything less than 100% is unacceptable!" We all know how that ride ended, and this ride shall too come to an end. Whether it ends in a major bust, or it becomes a mainstream financial tool dominated by Wall Street, this ride will come to an end. Enjoy the great returns while you can. + + +As most of you know, home buying in America right now is an actual shit show. And yet my wife and her family have all but forced me into buying a home in this market. Not that I don't want the house, but I'm the only one who sees the bubble we are in. + +I was THIS close to being forced to sell my shares to help cover the down payment, but I went full ape and instead sold my dignity. Told them all my money is tied up, illiquid, in investments. + +My wife and her parents are practically paying the full cost of the down payment and are reasonably pretty pissed and disappointed in me, but I felt like I would have been giving up the fight. Of course, paying them back will be easy after MOASS so I'm not worried about that particularly. Feel like shit now though. + +I know times are tough for alot of us, not just me, but I wanted to vent and share the struggle that alot of us may be going through. + +Hang in there everyone! 💎✊️🦍 + +EDIT: Holy moly guys! This kinda blew up. I was expecting like 5 comments and for my post to fade in 15 minutes. + +I really appreciate all the kind words and positivity! + +DIP or RIP, I'm fired up for Monday! +Very little known, but a highly effective way to increase your profit margins and save on taxes + +Most people believe that you have to sell an investment property before you buy the replacement property. But you can sell the investment AFTER buying the replacement(s).....legally and guaranteeing all tax benefits. + +I've done it many times and have been able to do very well using this technique. I encourage all investors to research this option, and consult a competent 1031 exchange specialist to help you. + +Good luck +Are the returns worth it over stocks, which are the most part completely passive. +I really want to get into RE but are the returns that attractive to learn the craft and dedicate a few hours of week to managing property? +I hope to make 3k a month net one day. +One last thing, are some states just terrible for RE or does every state have its own attractive RE? +Thanks everyone! +I got feedback from some of you guys for a sticky listing fake daytrading groups or programs. I know there are websites out there which review some of these programs but if anyone has anything else to add or even personal experiences, feel free to do so below. This may get indexed on google and help other traders as well. If it starts getting too crazy we will just lock the post. +Disclaimer: this isn't a serious problem but I'm curious how others handle themselves. + +For those of you that have eclipsed a solid financial position at an early age (I just hit $1M at 34), what do you do to stay focused on work to ensure you reach that $5M-$10M point later in life, when your daily portfolio swings far eclipse what you might make in a week or month? + +I know I need to keep working to maintain the lifestyle I want over the next 10 years and that good opportunities in my line of work are not as common as people think, but I still find it difficult not to obsess over my success. + +I imagine this is heavily influenced by your upbringing - I did not grow up wealthy, so this idea of total financial freedom is relatively new to me. Because I earned this myself I feel compelled to check things constantly (as if it's going to disappear someday). +I work in automotive lending for a major automotive lender. With increased technology, credit swipes, credit boosts, authorized user credit, and just straight fraud, FICOs are starting to become unreliable. Below is an example of what I’m referring to: + +Yesterday I had two separate applications that stood out. + +Customer A: credit had a perfect paid auto, 3-4 perfect paid credit cards, 1 perfect paid installment loan and a student loan that had 1 payment over 30 days past due, the rest were perfect. + +Customer B: had 15 credit cards, most had at least 2-5 over 30 days past due, a prior bankruptcy, a prior auto loss, a couple installment loans paid slow and they were currently 6 months past due on their mortgage. + +Customer A: 389 FICO + +Customer B: 708 FICO + +Both were trying to get a similar style car around 30k, it was affordable for both. One got approved the other did not. The 389 FICO was approved, 708 rejected. + +Customer A’s FICO was so low because in their specific circumstance their student loan counted 24 times. As a lender and someone with student loans myself I understand that most likely they just missed 1 total payment. + +I bring this up to make a point to stop worrying about what your FICO number is, and instead worry about what makes up your credit. Pay your major credit first: autos/mortgages. If you’re going to be late on something, do it on something not detrimental to your finances (like a low interest student loan). Have individual credit, don’t rely on parents/partners credit cards to boost your score, we see it and know you do it, and don’t try to cheat the system. There are tons of people like me who look at credit all day every day, we know what to look for and generally can play the game better than most. + +I say all this with the caveat that some banks have not gone away from using the FICO as an end all be all. It’s still important for determining rate tiers. However most are starting to learn the tricks. I would not be surprised if in the coming years a FICO score becomes irrelevant. So instead of trying to inflate your score, just work on paying the important things on time every time. + +Edit: I appreciate all the hype from the post and the golds/silver. I’ve tried responding to the majority of comments requesting more information or clarity from my standpoint. If I missed you feel free to let me know and I’ll help explain to the best of my ability. +[Their previous 13F-HR filing from Feb.](https://www.sec.gov/Archives/edgar/data/102909/000110465921021334/xslForm13F_X01/infotable.xml) + +[https://preview.redd.it/gsntjmrfc3z61.png?width=2557&format=png&auto=webp&s=7cc3b7da20b1dd2d5fc8e7c92da13c241cdf9f9c](https://preview.redd.it/gsntjmrfc3z61.png?width=2557&format=png&auto=webp&s=7cc3b7da20b1dd2d5fc8e7c92da13c241cdf9f9c) + +[Current 13F-HR from report that came out a few minutes ago.](https://www.sec.gov/Archives/edgar/data/102909/000110465921066511/xslForm13F_X01/infotable.xml) + +[https://preview.redd.it/kv5g99nqc3z61.png?width=2557&format=png&auto=webp&s=5117b8f643c8d55e3a51aa5575357321d7554ac9](https://preview.redd.it/kv5g99nqc3z61.png?width=2557&format=png&auto=webp&s=5117b8f643c8d55e3a51aa5575357321d7554ac9) + +Vanguard fucks. + +Edit: ~~They bought those shares between 1st January and March 31. Which means they are also bullish as fuck even with GME being at highest levels during that time frame.~~ + +Edit2: Some people have said that ETF weighing is responsible for the increased shares. I am not too knowledgeable about that matter so I cannot comment too much. However, the fact (unless they misreported) is that VANGUARD GROUP INC owns more GME shares than the previous filing. Would love some more wrinkled brain to shed some light into this. +I have six days left until payday, and for the first time ever, I still have $43 left in my account after bills, and I think I'll actually be able to get by until payday without touching it. I don't have much leftover after bills, but originally the little bit I did have leftover was going straight into snacks or fast food because I was either too tired or didn't have time to cook real meals, even when there was food in the house. Admittedly, that's part of how I found myself with so much credit card debt. I have started making huge meals when I can/do cook, enough to set aside at least two portions (one for my partner, one for myself) to heat up later when we get hungry instead of going out to buy something quick and easy. This, along with a budget, has seriously helped me. I definitely don't think a budget can fix everyone's problems, but for me, it has worked wonders, mostly because I grew up a very reckless spender--much like my father--which is how I found myself in this position in the first place. + +Roughly 40% of my monthly bills are minimum payments on various credit lines, and the payments I have left to make on our car. While I could say the credit cards I have maxed out were due to being between jobs, they really weren't. I wasn't responsible with them, and would be in a much better position financially if I had just never had them to begin with. My parents never really taught me anything about finances and I have found out the hard way how difficult it is to climb out of a hole you've already dug yourself into. I didn't *need* the cards at the time, I just *wanted* them, and their minimum payments have nearly doubled my bills as a result. I've definitely reevaluated my financial situation and my credit cards. Once they are payed off I'm never putting myself in this position again. I currently keep them at home in a drawer, untouched. I don't have the numbers memorized, and I never touch shopping apps anymore so I don't risk the temptation to use them for online spending. + +I have money leftover after bills (thankfully), I just really needed to reevaluate my spending habits with that leftover money. I am working very hard to keep any extra set aside so I can start shoveling it into credit cards one by one and get them payed off so I can remove their minimums from my monthly expenses. One credit line has a minimum of $80/mo currently (it will go down to $45/mo in 2-3 months) and my other two credit cards each have a minimum of $25/mo. That's over $100 just in credit card debt that I'm paying monthly. + +We have seven payments left on our car. Six actually, we made a payment yesterday(YAY!). My share is $150/mo. That's another bill I can make disappear in six months or less. If we get a tax return we are planning on fixing the car's radiator (we've been putting it off as long as we can because it's a $300 fix) and then putting as much as we can back into paying off the car so we no longer have the payments hanging over our heads and can officially *own* it! I have also found a phone plan I'll be switching to soon that will bring my monthly bill down from $36 paid monthly (\~$440/yr) to $180 paid annually ($15/mo). + +My goal is to have my debt paid off by summertime. I have a new job lined up to start then. This job has been offered to both myself and my partner and at minimum, we will be making $6k/mo combined, 2 weeks working Mon-Fri, 2 weeks off. Even though I know we'll be in a great financial position then, I'd still like to start with a clean slate, everything paid off, no debt leftover so I can start saving/contributing to retirement accounts at a young age--I'm 19, he's 20. I plan to pay off my credit lines/debts in the meantime one by one in this order: + +\-CC #1 $300 balance, monthly minimum $25 (impacts credit score, 26% APR)-CC #2 $300 balance, monthly minimum $25 (impacts credit score 26% APR)-CC #3 $815 balance, monthly minimum $80, then eventually $45 (does not impact credit score, 0% APR) EDIT: I guess it DOES impact my credit score, things changed since I first opened the account, but I still have 0% APR thankfully!-Car $975 my share ($1,950 total) (does not impact credit score, 0% APR) + +I'll put more into the car than my share once my other stuff is payed off, as my partner put more money down in the beginning than I did, so in the end it will even out, and I don't mind putting more in on my end anyways, I just want the bill gone. + +It's been a lot of learning these last few months, most of it just understanding the value of money, and wrapping my head around concepts I was never taught growing up--saving, budgeting, not spending recklessly. I don't have much free income after bills to begin with, mostly due to my prior stupidity over the years. I make roughly $900/mo, and my bills average out to around $750, sometimes more if the car needs maintenance, food stamps don't cover groceries, etc. I definitely make enough though to work on putting myself in a better position, especially when it comes to clearing up debt. + +I guess I just wanted to share, I'm super excited that for once in my life I finally feel on top of my finances, have a budget, a plan, and still have money in my bank account before payday. First priority right now is *keeping* it there. I wish I had learned better spending habits earlier in life so I wouldn't have put myself in this position, but I'm just happy to be finally getting on top of it at least. + +EDIT: Wow, didn't expect this to blow up! 10/10 the community in this subreddit is super wholesome and helpful, it's absolutely fantastic to see so many people taking time to give advice and show support! + [https://ir.amd.com/news-events/press-releases/detail/977/amd-to-acquire-xilinx-creating-the-industrys-high?sf239269550=1](https://ir.amd.com/news-events/press-releases/detail/977/amd-to-acquire-xilinx-creating-the-industrys-high?sf239269550=1) + +&#x200B; + +**Additional Transaction Details** +Under the terms of the agreement, Xilinx stockholders will receive a fixed exchange ratio of 1.7234 shares of AMD common stock for each share of Xilinx common stock they hold at the closing of the transaction. Based on the exchange ratio, this represents approximately $143 per share of Xilinx common stock2. Post-closing, current AMD stockholders will own approximately 74 percent of the combined company on a fully diluted basis, while Xilinx stockholders will own approximately 26 percent. The transaction is intended to qualify as a tax-free reorganization for U.S. federal income tax purposes. +Hello All + +**CANADA! -eh! (FYI)** + +I have been fortunate in business that I will be exiting the company that I am with, with approx 10mm of liquid cash and 5mm in real estate. + +Both my wife (43F) and I (48m) are looking to fatFIRE and live off 4% of the generated income with a view that we want to put our networth into trust so that future generations can benefit from it. + +From reading this Sub it would appear that 4% is enough (on average) to allow the NW to grow, without eating it away, and if invested smartly will allow, should allow growth of the NW endowment over time. + +We have one young child, and that qty will not change, so for the foreseeable future, the trust would have a chance to grow in size, if we stick to our budget. + +However if she had 2 or 3 kids and they have a couple of kids, this nest egg could get burnt up within a generation or two. + +**What rules have you put in place around the disbursement of money from trusts to ensure your trust survives as long as possible?** + +I am thinking higher ed tuition/vocational training is paid for. and maybe a stipend whilst studying. + +x amount towards the deposit on their first house. + +A stipend for the birth of child. + +Where i get stuck is - + +Maybe a yearly allowance that gets divided by the number of dependents and linage, so if i have 2 grandkids and 1 reproduces likes rabbits they only get 50% share of the allowance pot divided amongst that linage, verses the other grandkid that only has 1 or 2 kids etc later in life? + +Is there a resource that you have come across that list various options for these questions? + +I feel like I am navigating something that other people have already done before? +Once all (or most) shares are directly registered, the DTCC will have no shares to settle trades, and all trades that are not settled (naked shorts) will fail to deliver, and must be closed by (potentially forced) buy-backs. + +Furthermore, no market makers can hide behind “a reasonable belief that they will be able to locate shares” (can’t remember the exact wording, but it’s essentially what they use to justify their naked shorting), and can no longer sell any shares short without first borrowing actual shares, which will be impossible when all market participants struggle to locate shares to settle trades that are already executed. + +Like any short squeeze in history, MOASS will be triggered as soon as short sellers **begin** to realize it is *inevitable* and *imminent*, and they start a panicked dash for the exit. They all know that the last one out is the biggest loser. And trust me, at these levels of shorting, EVERY. SINGLE. SHARE. leaving the DTCC will be felt, and short sellers, brokers and the DTCC are already starting to notice the trend. They are already shivering in their pants, and praying desperately to all imaginable gods that ComputerShare and DRS will not gain any more traction among the apes. It’s their doom. + +They have gotten away with so much fuckery for so long, but they can’t escape not having *any* real shares left. This would require fuckery so obvious and severe that they would face criminal charges. They would have to blatantly and openly ignore countless laws and regulations, to the extent where the SEC couldn’t just stand by and watch even if they wanted to. + +## Hedgies R fuk. + +## Buy, hold, register! + +##💎🙌🏼🚀🌙 + + +——— + +This post represents my personal opinion. Based on this, I sincerely believe DRS is our best bet, and **strongly urge every ape to register as many shares as possible.** (And [Gensler said I could do just that](https://www.marketwatch.com/story/sec-chair-gensler-defends-reddit-gamestop-investors-right-to-smash-short-sellers-11631718972)) + +——— + +Edit per request to include this explanation: + +ComputerShare has a “list” of shares and who owns them. Currently, most of them are owned by Cede & co. To transfer your share to CS, an entry must be changed in CS’ book, from Cede to you. And to do that, an actual share must be located and delivered, meaning that Cede must reduce their ownership count by one, and thus take that ownership from someone, your broker. + +Once people start to request transferring shares from brokers that have no actual shares left in Cede’s books (even though they should), the clearing house (DTC) must locate the share somewhere else, meaning they need to force delivery to the broker of any unsettled trade. This causes an immense pressure on DTC, market makers, prime brokers, anyone with obligations to deliver shares they don’t have. + +Once DTC deems it unlikely that a participant will be able to deliver shares that have failed to deliver, they will start force-closing the short positions of that participant corresponding to their unsettled trades (naked shorts). + +——— + +Edit 2: + +If you want to know more about how to transfer to ComputerShare to register your shares, check out [this post](https://www.reddit.com/r/Superstonk/comments/pmsq3u/transferring_shares_to_computershare_a_stepbystep/). + +——— + +Edit 3: + +For international apes, check out [this post](https://www.reddit.com/r/Superstonk/comments/pmu19h/international_apes_can_transfer_shares_to/). +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. +A first flat not for 100% living there but for own convenience, immobilizing or securing available money and use as basis point. I have the impression we are on the brink on something huge, with a massive drop in value of anything speculative, and a new era where mobility will be key. European RE is overpriced, rentability up to inexistant and risk is high to be stuck in property which loses money. What do you think? If so where in Europe would you still be confident to buy? + **🚀🚀🚀🐶 Welcome to $BabyGolden 🐶🚀🚀🚀 FAIR LAUNCH!** + +**$BabyGolden is the newest deflationary meme token designed and released with the purpose of shaking up the decentralised crypto market space. $BabyGolden is a community driven, decentralised meme token that handsomely rewards its holders with the use of it’s unique and innovative rewards system.** + +**$BabyGolden allows investors to earn passive income simply by holding being rewarded with $BabyGolden.** + +**The $BabyGolden team dedicate their lives to support well deserving dog charities around the world! And with your help we can do that. We can make the difference! Join our movement!** + +**Great features:** + + **10% slippage tax on buys and sells:** + + **2% Reflection/Redistribution Tokens to All Holders** + + **8% Added to Liquidity Pool to Maintain Stability in Coin.** +**Coinsniper and Coingecko already applied for and are coming soon!** + +**!! LOW MARKET CAP !!** + +**💬 Community Driven** + +**🔥 Liquidity Burn** + +**✅ Safe for bscheck** + +**🐶Tokenomic🐶** + +**Supply : 1 000 000 000 000 000** + +**🔥50% : BURN address** + +**♻️47% : PCS Liquidity** + +**🏦3% : DEV wallet (marketing)** + +**🌍Website: https://www.babygolden.club** + +**💬Telegram: https://t.me/babygolden\_bsc** + +**✉️ Twitter: https://twitter.com/BabygoldenBsc** +The irrelevance of dividends arguments tend to devolve into both sides talking past each other. My point here is NOT to argue in favour of them necessarily (I’ll give links to better explainers than I), but IS to try to define some key points: + +The irrelevance of dividends idea says: + +- it argues yield doesn’t correlate with total return + +- dividends ARE important to returns, they should NOT be excluded from a portfolio + +- friction (trading costs, taxes, etc) is the only difference between a dividend and selling the same % of a holding + +- dividends do NOT cause positive returns (any positive correlation is explained by other causes, sometimes common causes, sometimes not common causes) + +- stock picking due to dividends alone has historically not resulted in excess returns (positive yes, above the index no) + +- stock picking due to dividends and other factors (size, value, profitability, investment) can be matched by similar portfolios with the same factors but without the dividend screen (ignoring dividends NOT excluding dividends) + +- short-term, in Canada, selling to self-create a “distribution” has better tax implications than dividends, long term it does not have a better tax implication + +- “dividend” investors make just as many, but sometimes different, behaviour mistakes than other investors because “intuition” is a poor guide when investing (see last link fir more on this) + +- this is important because 80% of US stocks don’t pay dividends + +This [blog post](https://www.google.ca/amp/s/rationalreminder.ca/blog/2019/9/17/the-irrelevance-of-dividends-still-a-non-starter%3fformat=amp) + + + +[This analysis](https://www.cfainstitute.org/en/membership/professional-development/refresher-readings/analysis-dividends-share-repurchases) + +[This paper](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2876373) + +And [one more](https://www.advisorperspectives.com/articles/2015/12/15/why-dividend-paying-stocks-are-riskier-than-you-think#page-4) that links to Buffett’s explanation on why BRK does not pay a dividend + +Edit - summary: if you don’t screen for dividend yield and don’t make yield your starting place for choosing an investment, but do consider dividends when researching stocks/ETFs, you AGREE with the irrelevance of dividends +Update: Will keep my 2 remaining wheels(45 DTE .3 delta) $MSFT and $F cash secured and won't use leverage at all, thank you all for your responses, I will break even, it will take some more time but I'll play it safe. I was Greedy, Misunderstood this video and paid the price https://www.tastytrade.com/shows/best-practices/episodes/calculating-portfolio-leverage-07-18-2016 + +Hi Thetagang, + +I believe I panicked this Monday when I saw my sold NVDA / AAPL / MSFT PUTs deep in red (was supposed to wheel with margin, terrible idea), I was clearly overleveraged (10% away of a margin call, 3.5x notional leverage), timed the bottom perfectly and bought back most of my puts to stay at an appropriate margin level in the case of another 10% + drop right when it was rebounding (probably I bought back more than I should). + +Now looks like everything was not as bad as it seemed and is going back up, I'm having mixed thoughts about how to proceed: + +1. Use margin to start selling weekly PUTs and go back in to the positions I sold hoping to participate in the rebound, keep wheeling with margin (2.5x notional max - reach break even faster / more risk). + +2. Stay at or near cash only while wheeling (1.25x notional max - reach break even slower / less risk) . + +3. Accept that the stock market is not for me and cash out, put that money in a 10% PY fixed Certificate of Deposit (non US). + +I have some cash coming at the end of the month that should allow me to weather a 25% drop in these equities (can hold a 15% drop ATM), but I'm not sure if I am safe or exagerating stuff. + +Frankly I'm tired of the stock market and don't feel like looking at news / charts anytime soon, I'm fairly new here(1Y), I started using leverage around October, I've lost(realized) 25% of my account this month (10k), my portfolio is about 30% of my retirement money, won't be needing it soon but losing it will definitely hurt, no debt around. + +What would you do in my position? + +Thanks for your opinion guys, don't bash me too much please + +Edit: details +Hi friends,In your estimation what is the best ethereum wallet rn?I'm looking to take my eth off a couple of exchanges - as everyone should imo.. + +Ideally looking for wallets with all the necessary features (Displays NFT's, atomic swaps, something that doesn't break all the time like Metamask) + +Cheerio! + + +**EDIT:** Ty for all the great recommendations. From all the suggestions in the comments I ended up choosing [Liquality.io](https://Liquality.io). The UX felt superior and it has all the features that I was looking for. The Loopring wallet didn't quite make it for me. +#BOFA DEEZ NUTS + +Big thanks to all the approved users who kept this joke under wraps in [the original thread](https://old.reddit.com/r/wallstreetbets/comments/od2085/bofa_initiates_legal_proceedings_against_wsb_and/) +**Here is the DD to support that Short Interest (SI) and Failures to Deliver (FTDs) are still high, and are just being hidden through manipulative derivative strategies.** GameStop is the investment opportunity of a lifetime - both for the coming squeeze and for it's long term potential. + +&#x200B; + +>Part 1. It was consumer sentiment that started the 'sneeze squeeze' last January - *not* hedge funds covering. +> +>Part 2: Short positions were *not closed*. Short interest (SI) was reduced, failures to deliver (FTDs) were hidden, and price suppression was achieved - through manipulative derivative strategies. +> +>Part 3. MOASS - The 'Squeeze has not been Squoze' - a Bullish Thesis. + +# + +# Part 1: It was consumer sentiment that started the 'Sneeze Squeeze' last January: + +[Link to the SEC Report](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) + +GameStop had a reported short interest of over 200 million shares by FINRA report in October 2020, and a reported 220% short interest ratio during the January 2021 'sneeze squeeze' (as per Robinhood court documents). Consumer sentiment had picked up on a potential turn-around for GameStop, and there was raising awareness through social media of the potential for a short squeeze. Investor demand for $GME increased, resulting in rapid price appreciation. Market participants short $GME attempted to start covering their positions, further driving the price up. $GME would hit an all time high of $483.00 on January 28, 2001, only to decline once Brokers shut off the opportunity for retail investors to buy $GME. The Securities and Exchange Commission would investigate this as a follow up to the Congressional hearings into this matter, and produce a report that indicated it was consumer sentiment - not shorts covering - that started the squeeze. + +**SEC GME REPORT: The Securities and Exchange Commission Report: Shorts didn't cover:** **\[Full credit to (** [**u/WhatCanIMakeToday/**](https://www.reddit.com/user/WhatCanIMakeToday/) **for the charts and comments for this section\].** + +https://preview.redd.it/l08ypggt4qp81.png?width=960&format=png&auto=webp&s=fbddbfa80161632d53ccffe108dbfc90a96e10c7 + +The Shorts tried to cover starting Jan 22. But then the price kept going up as they did. This early short covering led to several "Oh Shit" moments. Ultimately, investors realized what was going on and piled in (FOMO). Notice the SHORTS BASICALLY STOPPED COVERING on Jan 27! They tried a couple more times Feb 2 and Feb 5. Both of those resulted in the price going up so they stopped. Look at the overall buy volume during those times. The pink short seller buy volume is puny compared to the overall blue color for overall buy volume. + +https://preview.redd.it/i9d3r2nv4qp81.png?width=1740&format=png&auto=webp&s=d64f422f55ec22db789260e027b944034945da1d + +https://preview.redd.it/aenj8mrx4qp81.png?width=1770&format=png&auto=webp&s=aebba8534ff8ff1ed06dfaf8f08c2c6cd8f5ec73 + +***This is why the SEC concluded that it was investors bullish on GME ("positive sentiment") that caused GME price to go up rather than "buying-to-cover"****.* + +# Estimating short positions closed Jan 19th to Feb 5th: + +A great post from [u/dubaicurious](https://www.reddit.com/user/dubaicurious/) estimating 29 million total shares covered during the period January 19th to February 5th. It is also important to note, and what many fail to remember, is that this number (click to reveal)>!needs to be offset against the new internalized short positions that were being created!< during this same time frame: + +[https://www.reddit.com/r/Superstonk/comments/qbgp98/i\_counted\_the\_pixels\_on\_figure\_6\_on\_the\_sec/](https://www.reddit.com/r/Superstonk/comments/qbgp98/i_counted_the_pixels_on_figure_6_on_the_sec/) + +Internalized short positions: + +In a quote from this interview with Interactive Brokers' CEO Thomas Peterffy discussing the brokerages preventing buying but allowing selling of GME on January 28th (which exposed a systemic risk in our markets): + +"If the call options (150 million) had been exercised ***the shorts would have had to deliver 270 million shares***, while only 50 million shares existed." + +[https://www.youtube.com/watch?v=Yq4jdShG\_PU](https://www.youtube.com/watch?v=Yq4jdShG_PU) + +See other DD related to internalizing of shares in the DD library: [https://fliphtml5.com/bookcase/kosyg](https://fliphtml5.com/bookcase/kosyg) + +# + +# Part 2: Short positions were not closed. Short interest (SI) was reduced, failures to deliver (FTDs) were hidden, and price suppression was achieved - through manipulative derivative strategies. + +**The options scam (derivative manipulation):** + +This is an excerpt from an article by Lucy Komisar, Investigative journalist and Winner of Gerald Loeb Award, the major US prize for financial journalism: How the GameStop Hustle Worked, June 22, 2021. + +Read the full article here: [https://prospect.org/power/how-the-gamestop-hustle-worked/](https://prospect.org/power/how-the-gamestop-hustle-worked/) + +*Excerpts addressing SI & FTDs:* + +Under SEC rules, shares of companies that fail to deliver in the previous five trading days are put on a “[threshold list](https://www.nyse.com/regulation/threshold-securities).” GameStop’s first date on this list was September 22, 2020. + +Shares failed in massive numbers in the following months, leading to GameStop being put on the threshold list for 39 days between December 8 and February 3, with hundreds of millions of shares failing to deliver. + +https://preview.redd.it/ja9gxuul5qp81.png?width=1050&format=png&auto=webp&s=1435ec5947ad7a838b33ea2c2c201dac089dbee0 + +How could GME be on the list for so long? Regulators have the authority to find out which brokers failed to deliver, facilitating naked shorts. But the DTCC has historically beaten back attempts to reveal naked short selling culprits, or even to tag “borrowed” shares (called the *hard borrow*) so they can’t be “located” more than once. I’ve written previously about how DTCC [pulled back](https://prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/) on backing a centralized database that would prevent the same shares from being used for multiple short sales. + +“There is no lawful way for a stock to be on the threshold list for months,” said John Welborn, who teaches economics at Dartmouth. “The only explanation is regulatory apathy, or worse.” Because compliant regulators choose not to track shorts, traders can engage in mischief. + +An obvious sign of market manipulation is massive *short interest*, the number of shares that have been sold short but not yet covered. + +[u/rainforest11](https://www.reddit.com/u/rainforest11/) of Superstonk explained that FINRA reported short interest at 226 percent of total float at the height of the GME frenzy in January. This means that more than twice as many shares as exist in reality had been sold short at one point. As late as January 28, it was reported by S3, a market data company, to be 122 percent. + +It’s important to note that only the SEC and the DTCC can get the trading documents that would show proof of any fraudulent scheme. But the Superstonk users, through publicly available data, detected patterns that make a strong case at least to investigate the matter. + +New put option contracts after the end of January represented more than 300 percent of shares outstanding, more than 200 million shares. “Melvin Capital, which lost 50 percent of its value, had 6 million shares in puts,” said [u/broccaaa](https://www.reddit.com/u/broccaaa/). This massive spike suggests that short positions have been hidden using “phantom shares” and “strategic fail-to-delivers.” + +# Table below: " Put options open interest spiked to enough contracts to cover 300% of outstanding shares at the exact time that reported Short Interest (SI) and Failures to Deliver (FTDs) decreased". + +https://preview.redd.it/efalu1yn5qp81.png?width=1050&format=png&auto=webp&s=f229071b190fc649bc7ab38bc1a0410d0dc6d630 + +As [u/broccaaa](https://www.reddit.com/u/broccaaa/) says, “This spike coincides perfectly with the drop in reported short interest and FTDs.” He sees it as “the most damning evidence of massive manipulation.” + +The options scam can also reset the clock on fails to deliver. Remember that short sellers have two days to locate a stock to prevent an FTD; market makers and other authorized participants may have up to six days. The SEC [explained a trading strategy](https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf) known as “buy-write” in a 2013 paper. As [Investopedia explains](https://www.investopedia.com/terms/b/buy-write.asp), ***“A buy-write is an options trading strategy where an investor buys a security, usually a stock, with options available on it and simultaneously writes (sells) a call option on that security.” This recycling of positions shows as a new transaction, so the short sale timer is reset. And the trader may never deliver the shares, because he can roll over the trades and do the deal over and over.*** + +GME short positions could also be hidden in exchange-traded funds (ETFs), a basket of stocks similar to a mutual fund. [u/broccaaa](https://www.reddit.com/u/broccaaa/)’s research shows that fails to deliver migrated from GME to ETFs in January 2021. The total value of reported short interest (GME + ETFs) remained as high as ever, at over $27 billion owed. + +# Ongoing manipulation: + +Subsequent to the above option manipulation having been identified by [u/broccaaa](https://www.reddit.com/u/broccaaa/), there is plenty of other DD posts that identify and support that ***a variety of derivative strategies - in conjunction with other illegal, unethical, unfair, deceptive, abusive, and anticompetitive business practices - continue to be used to manipulate $GME.*** + +[https://www.reddit.com/r/Superstonk/comments/s3n4pw/the\_compendium\_of\_wrinkles\_correlating\_different/](https://www.reddit.com/r/Superstonk/comments/s3n4pw/the_compendium_of_wrinkles_correlating_different/) + +[https://www.reddit.com/r/Superstonk/comments/pb22oj/the\_puzzle\_pieces\_of\_quarterly\_movements\_equity/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/?utm_source=share&utm_medium=web2x&context=3) + +This is a great Fail to Deliver (FTD) post to read or revisit: [https://www.reddit.com/r/Superstonk/comments/qdp9c6/the\_everything\_fails\_to\_deliver\_dd\_part\_2\_lets/](https://www.reddit.com/r/Superstonk/comments/qdp9c6/the_everything_fails_to_deliver_dd_part_2_lets/) + +***Estimating Retail Share Ownership***\*\*:\*\* Excludes Institutional, Insider or other types of ownership). + +* [https://i.redd.it/zwtz4i3c65h71.png](https://i.redd.it/zwtz4i3c65h71.png) +* [https://www.reddit.com/r/Superstonk/comments/t78n39/fresh\_google\_consumer\_surveying\_suggests\_830mm/](https://www.reddit.com/r/Superstonk/comments/t78n39/fresh_google_consumer_surveying_suggests_830mm/) + +***Media manipulation***: Ask yourself, why has the media been so intent on communicating the shorts have covered and that GameStop is a poor investment choice – for 14 months straight!? Why are they so concerned to advertise and advise against this company? [https://upsidechronicles.com/2021/09/05/how-wall-street-short-sellers-are-trying-to-control-the-gamestop-narrative/](https://upsidechronicles.com/2021/09/05/how-wall-street-short-sellers-are-trying-to-control-the-gamestop-narrative/) + +***Wall Street veteran*** Charles Gradante calls out naked shorting of GameStop and the subversive strategies used by hedge funds: (listen from 3 min 30 sec) [https://www.youtube.com/watch?v=OChaTm0To1U](https://www.youtube.com/watch?v=OChaTm0To1U) + +***Reddit DD Library***: [https://fliphtml5.com/bookcase/kosyg](https://fliphtml5.com/bookcase/kosyg) + +# Short Interest (SI) reporting is now calculated differently: + +**Also important to note is that the way Short Interest (SI) is calculated has been changed. Today's reported SI can now no longer exceed 100%:** + +Traditional formula = Shorts / float + +New S3 Formula = Shorts / (shorts+float) + +The S3 methodology ***assumes no naked shorting***,. The implication in their calculation is that every short share has located a borrow. They believe that simply because it's illegal, naked shorting cannot be happening. + +[https://s3partners.com/notesonfloat.html](https://s3partners.com/notesonfloat.html) + +***Evidence of FINRA data now showing historical short interest as significantly higher now than was previously reported.*** **Chart credit to** [u/DecentralizeCosmos](https://www.reddit.com/u/DecentralizeCosmos/) + +https://preview.redd.it/qa4s5q5u5qp81.png?width=640&format=png&auto=webp&s=83b6924ccc41908e630d401bdb775890d11683f1 + +# Short Interest (SI) reporting: + +Regulation SHO is a set of rules that governs short sale practices.  Regulation SHO established “locate” and “close-out” requirements, which requires Broker-Dealers (BD) to mark all orders to sell stock as “[long,](https://www.investopedia.com/terms/l/long.asp)” “[short](https://www.investopedia.com/terms/s/short.asp),” or “short-exempt.” + +A sale order can be marked “long” only if two conditions are met. First, a seller must be deemed to own the security, which occurs only to the extent that it has a net long position in the security. Second, the BD must either (a) have possession or control of the security to be delivered, or (b) reasonably expect that the security will be in its physical possession or control no later than the settlement date of the transaction. + +# Unfortunately, some BD continue to ignore or mismark their short trades so they are not captured as FTDs. This is a common occurrence that can be verified by reviewing the FINRA fines administered over the last several years. + +Market Makers (MM) like Citadel have to accept all buys and sells, and get a pass on many naked short selling rules. However, they have also been cited for misreporting short positions. For example, on November 13, 2020, FINRA, the traders’ self-regulator, fined Citadel Securities $180,000 for failing to mark 6.5 million equity trades as short sales between September 14, 2015, and July 21, 2016. + +It is important to note that the FINRA fines are generally extremely nominal relative to the profit made by these ‘reporting oversights’; and many refer to these nominal fines as just ‘The Cost of Doing Business’. Retail investors are advocating for change to the fines to make them more of a deterrence and would like to see the fines administered equal to, at a minimum, the profit made from these behaviours. Additional fines and the threat of jail time or revocation of the ability to legally short sell would provide an even greater deterrent. + +&#x200B; + +# Part 3. MOASS - The 'Squeeze has not been Squoze' - a Bullish Thesis: + +https://preview.redd.it/sm3wdo9x5qp81.png?width=750&format=png&auto=webp&s=7d4c3a1ea05dbfbad1b2e753d19cce2e7b16bf1b + +GameStop has approximately 76 million shares issued, yet had approximately 220% of it’s tradeable float outstanding in January 2021 (FINRA short interest as declared in Robinhood court documents). The rule of thumb is that short interest as a percentage of float above 10% is pretty high and above 20% is extremely high. High short interest like this affirms that counterfeit shares have been created and exist illegally. DD supports that the short interest has been manipulated and hidden through derivative strategies such as options, swaps, leaps and futures; and that the true short interest could now realistically be sitting higher than 300%. Plus, DD illustrates how market participants are manipulating and attempting to control the price of GME through continued shorting, high frequency trading, controlling the media narrative, internalized trades, and other manipulative trading strategies. \[Note: *None* of this DD has been debunked, and much of it is evidenced by previously documented official complaints to the SEC, along with reports from the SEC, citing similar strategies used in the past against other companies.\] + +GameStop’s business’ fundamentals have improved dramatically with net sales of $6.011 billion for fiscal year 2021, an 18% increase compared to $5.090 billion for fiscal year 2020. They have expanded their product catalog to include a broader set of consumer electronics, PC gaming equipment and refurbished hardware; made significant and long-term investments in the Company’s fulfillment network, systems and teams; and have established new offices in Seattle Washington and Boston Massachusetts, which are technology hub talent markets. + +Since the ‘Sneeze Squeeze’, Gamestop has attracted [hundreds of talented executives](https://gmedd.com/transformation/gamestop-bags-chewy-vp-of-engineering/) from thriving tech companies like Chewie and Amazon. They now have a balance sheet of around $1.27 billion in cash with virtually no debt, and with Ryan Cohen as the new Chairman and a new technology focused board of directors, GameStop now has a unified leadership fully committed to two long term goals: ‘Delighting Customers & Delivering Value for Stockholders’. + +GameStop is the largest video game retailer worldwide; They have undergone a radical strategic transformation, expanding their business model to compete and thrive in an era of mobile gaming and digital downloads, and have been busy reinventing themselves as a major ecommerce player. To date, GameStop has announced partnerships with Loopring and Immutable X, and GameStop's NFT Marketplace has been announced for launch by the end of Q2 2022. + +The Marketplace will be powered by Loopring L2. GameStop, in partnership with Loopring, has the opportunity to cement itself at the forefront of this new paradigm and become the destination for global digital economies. Immutable X is the back end of GameStop's marketplace, helping create NFTs and to bring onboard hundreds or thousands of game studios using their $100 million joint fund to build on the new technology platform ([https://www.youtube.com/watch?v=fne4XMhtVf4&t=235s](https://www.youtube.com/watch?v=fne4XMhtVf4&t=235s)). This partnership outlines a 2 year milestone objective of $1.5 billion and $3.0 billion in combined primary sales and secondary market sales transactions within 24 months of launch. + +Gamestop already has the footprint of 4,816 stores in 14 countries, and over 55 million PowerUp reward members. As it moves forward with its ecommerce and NFT marketplace the potential for this company rivals market giants like Amazon, Apple, and Meta (Facebook, Instagram etc). GameStop has a huge advantage over startup tech-companies as it enters the ecommerce metaverse, ‘quietly making their actions speak louder than words’. GameStop is not an ordinary stock, nor is it a failing brick-and-mortar retail chain like Wall Street previously thought. It is a very well financed, established growth company, with grand plans in the foreseeable future. + +The current price of $GME is demonstrably manipulated and significantly undervalued. \[This is a [*current intrinsic value analysis*](https://www.linkedin.com/pulse/gamestop-ordinary-stock-nor-failing-brick-and-mortar-retail-michal). Note: There are several methods for valuing a company, and analyst values will vary.\] *Simply put - the price of $GME is wrong* \- and will continue to be wrong until the manipulation of the stock is eradicated and the short positions are *closed* \- not just *covered*. As short positions are forced to buy and close out their positions at the market 'ask' price, and in the event that retail owns the float and investors hold out on the sale of their shares we could have not just a ‘Short Squeeze' - but the 'Mother of all Short Squeezes' (MOASS). + +&#x200B; + +***Edit addendum:*** + +*GameStop NFT Marketplace DD and assumptions:* [https://www.reddit.com/r/Superstonk/comments/skrm0s/nft\_market\_dd\_update/](https://www.reddit.com/r/Superstonk/comments/skrm0s/nft_market_dd_update/) + +[https://www.reddit.com/r/loopringorg/comments/tsiycm/gamestops\_nft\_marketplace\_is\_the\_gateway\_to/](https://www.reddit.com/r/loopringorg/comments/tsiycm/gamestops_nft_marketplace_is_the_gateway_to/) + +&#x200B; + +\--------------------------------- + +**Reddit Library of Due Diligence, Art Books, and Periodicals**: [https://fliphtml5.com/bookcase/kosyg](https://fliphtml5.com/bookcase/kosyg) + +GameStop’s e-commerce NFT Marketplace; NFTS and Blockchain + +GameStop’s transformation, fundamentals, and prospects + +How Hedge Funds bet against you using 13F and derivatives + +Darkpools, Payment for order flow (PFOF) & Internalizing trades + +Naked short selling (illegal, but rampant in our financial markets) + +Direct Registration of Shares (DRS) - Removing shares from the DTCC and preventing the manipulation + +The GME MOASS & Infinity squeeze theology + +ETFs, FTDs (Fail to Deliver) and Short Interest + +The derivatives market and how 2008 is repeating itself + +Shareholder proposals + +The Federal Reserve and their recent 11.23 trillion dollar bail out of banks and their derivatives exposure + +Ask Me Anything (AMA) Videos and transcripts with industry professionals + +&#x200B; + +***Other References:*** + +Gaming Wall Street producer interview about the market manipulation and criminal activity surrounding GameStop: [https://youtu.be/zZMKpcn4FSk](https://youtu.be/zZMKpcn4FSk) | [https://gamingwallstreet.org](https://gamingwallstreet.org) + +How People \[Wall Street\] Cheat The Stock Market | The Problem With Jon Stewart Podcast | [https://www.youtube.com/playlist?list=PL4RaSiGWHbPJVulK10l-KfH4woDEBorCJ](https://www.youtube.com/playlist?list=PL4RaSiGWHbPJVulK10l-KfH4woDEBorCJ) + +&#x200B; + +Market reform advocacy led by you, for you [https://www.urvin.finance/advocacy](https://www.urvin.finance/advocacy) + +&#x200B; + + Opinions and illustrations only. Not advice. Always conduct your own DD and make an informed decision that is right for you. + +DISCLAIMER \*\* Information contained in this post has been compiled from sources believed to be reliable. No representations or warranty, express or implied, is made by as to it’s accuracy, completeness or correctness. All opinions, estimates, and comments contained in this post are subject to change without notice and are provided in good faith but without legal responsibility. This is not financial advice, and neither I, nor any other person, accepts any liability whatsoever for any direct or consequential loss arising from any use of this post or the information contained herein.\*\* + +&#x200B; + +*Edit 3-30 in progress: Updating Part 3, adding commentary on GameStop Marketplace information with details on Loopring and Immutable X partnership.* + +&#x200B; + +>***Call for support. Please comment or link any posts that highlight:*** +> +>(i) the current estimated *tradeable* float: \[Issued shares, Diluted Issued Shares less - 'Insider holdings, ETFs, Funds, Directly Registered Shares (DRS)\] +> +>(ii) Gamestop analytic comparisons and assumptions: Looking for analytics for *Retail and Ecommerce* considerations and competitive comparisons and projections \[Current GME - Price/Sales: 2.15 | Price/Book Value: 8.48 | Price/Tangible Book Value: 8.54 | Price/Cash:10.63 | Price/Working Capital: 10.92\] + +&#x200B; +https://certik.org/projects/hogefinance + +HOGE is about to moonshot, all the naysayers and people who thought it was a rug pull will be buying as soon as the audit is complete. To the moon 🚀🌕 + +Once HOGE is audited it will start to spread like wildfire, there is only 30,000+ wallet holders so far. Plenty of room for exponential growth. + +You can buy HOGE through Uniswap or WhiteBIT. Tutorial on the HOGE.finance website + +UPDATE: Security rating now 93, exceeding the previous rating of 86, Which is higher than Pancake Swap! +I have to admit, I am disappointed in today's GME stock price. People have been hyping this for a while now, and it seemed like everything was aligning. Heck, there was even [positive press](https://www.benzinga.com/trading-ideas/long-ideas/21/08/22745579/why-gamestop-stock-looks-ready-to-break-out ) on GME for once. + +So, I had high hopes for today, and setup my plan accordingly: + +I put in buy orders for GME at $200, $180 and $160. + +So far the price has only dropped to $214, and it is already rebounding. What? How could things go so wrong? Are the SHF even trying any more? I mean come on. I want to buy a bit more stock, but I dont have infinite money like them, and have to try to get the most I can for my dollar. I used to be able to count on them dropping the price by at least 20% in a day.... but now they barely move the needle. They are cutting into my long term profit, and this is not acceptable. +I built a Neural Network model (using Python and TensorFlow) for forecasting stock prices in 2016 and used the algorithm in my hedge fund in 2017. I made a [video](https://youtu.be/w1xXI4-l1D8) which provides a step-by-step walk through for how to create, train, and evaluate the model for the the purpose of generating buy and sell signals for financial securities. + +The methodology should be very useful for anyone looking to build something like this. + +This example utilizes a four layer neural network for trading volatility ETPs but can be easily modified to include other securities and metrics as predictor inputs. +Think about it. They did not do this lightly. They have had LOADS of time to prepare for this. And even IF they are "overwhelmed" in some way, they have plenty of ways to get through that. + +Furthermore, we are a LOT smaller group than some of you seem to think. We are not going to crush their server or flood them with things they can't sift through to reach the actual good stuff. And even if we could, they can solve that problem, its not that big a challenge compared to a lot of the other things they are doing. *And even IF they can't solve it, they can at some point tell us to please not do it, and we'd stop. Its that simple.* + +The worst thing we can do is DISCOURAGE people who have something to contribute to GameStop's new thing (marketplace, whatever...) by spreading this kind of FUD. + +I myself am a creative person. I have some things that I have created, and I have ideas for things that might belong in whatever this NFT thing they're doing is. And yet, *I* felt discouraged by this FUD. I felt, surely what I create can't be of any real value to them. That wrong idea was directly supported by this subreddit's front page. These posts on our front page discouraged me. + +I'm going to muster the confidence to actually fill out the form and submit it. Eventually. But this message NEEDS to be heard here. Yall are doing harm with this FUD. + +For those who are considering and haven't decided, or even have: you will not harm anything. Your meme is valid. Your weird quirky idea is valid. Your writing is valid. Your sound bite is valid. Your animated image is valid. All of these things are valid! Especially the ones they actually listed! + +If you agree, spread this message. I don't care if *this* post gets upvoted, but the message does need to be spread. + +Edit: https://nft.gamestop.com/ +with the outbreak of Covid19, the premier of my province in Ontario Canada just announced that if you cant afford rent due to Covid19 you cant get evicted. Who is going to foot the bill? Any Canadian landlords worried? any solutions? +Nayib Bukeke has been catching flak from all sides as many have questioned his decisions to buy Bitcoin. He recently bought the dip. + +[However as the dip dipped, he has changed his profile picture. ](https://preview.redd.it/goninpvicdd81.jpg?width=1400&format=pjpg&auto=webp&s=5dac20d1b67f6706d4bc173e3858a6e6e7c043c8) + +Atleast he is owning it. Though some will say its not his money, its his country's money, but a lot of El Salvador's economy now depends on Bitcoin - from volcano mining, and now their bitcoin bonds that are going to be issued for raising funds after El Salvador showed the finger to IMF. + +Some people take hard and painful decisions in these times, that can cause pain to family and friends. Its worth remembering that money is not everything. + +If you have lost an obscene amount of unrealised gains, its best to make peace with it than to keep beating yourself up over it. + +Edit: LOL so many people embarrassing themselves and crying in comments. Looks like after this crash, a sense of humor is out of their budget + +Edit 2: The hot takes here from a lot of trolls coming in from other subs like r/technology are ridiculous. Let El Salvador/Bukele do what he wants to do, give him the time to decide if the experiment has failed or not. If it fails, so be it. I mean thousands of government policies have failed. + +He isnt buying BTC to get rich over night. Its a long term policy decision for him. While you claim he is wasting tax payer money, he is actually putting his reputation on the chopping block here, which is more than anything you can claim. If his economy collapses, its gonna be him on the opposite end of a coup or worse. That country is no stranger to presidents being overthrown in violence. + +All the big brains here concerned about El Salvador's economy imploding all of a sudden, where were all of you 3 years ago when the nation was just the same, warn torn and filled with cartels? You didnt care then when the past presidents over ran the country with gang violence? Oh yeah, you didnt even know the country existed. Now that they are trying something new with BTC, it suddenly hurts your feelings so much. + +El Salvador have already started mining BTC from volcano energy that was being wasted, it represents a completely new income stream in a country that mainly depends only on tourism and remittances. Many reports already suggest the locals are able to save middle men fees by using BTC, while kicking out predators like Western Union. +He has kicked IMF out, American media will do everything to portray him in a bad light and all you will parrot what you read in the media. +Where were you guys when US Fed doubled the supply of USD in 1 year, printing relentlessly while other countries that depended on USD had no way to print any USD and had to bear the brunt of rampant inflation as they were hopelessly tied to USD? Of course, you never bothered to find out the reality of whats going on in other countries that used USD, while the Fed inflated it away. +Now that he is trying something new to pivot away from BTC, and its not even been a year into a long term project, but you are ready to pass your judgements. + +Just a standard bunch of hypocrites. Nothing to see +Just about everywhere train trips are more expensive than equivalent air travel. They're often more expensive than bus companies too. Now non time sensitive freight companies prefer to move goods from a to b in this order: Shipping>Trains>Trucks>Planes. Theoretically trains are a more energy efficient method of transporting. So the question is. Why are they almost always more expensive than flying for passenger transport? Curious to know why. +&#x200B; + +\- Mathematically impossible they covered + +\- Previous SEC Chair put pressure to look into it + +\- Impossible for this to resolve even in the darkest room + +\- Current new SEC Chair confirmed to be a go getter with integrity + +\- Company auditing the vote is a great company + +\- Short can’t cover unless you sell or company goes bankrupt +Just my personal strategy going forward. It was fine when friends and family made fun of me, but now - at these gains - HODLers are going to become targets. Just a quick reminder to be careful out there. +I'm buying renter's insurance for the first time because my new building requires it. I'm trying to be a responsible shopper by getting a few quotes, comparing them, and then reading the contract before I agree to it. This is how I've always been taught to make big decisions like this. + +But apparently that's not how the rental insurance world works. I've talked to three companies now (State Farm, Allstate, and Geico), and they've all told me they will not send me the contract before I make payment. I called the DC Department of Insurance, Securities, and Banking, and bafflingly, this is a perfectly legal practice. + +I spoke to an understanding man at Geico who explained that, at least for them, they were reselling the insurance of one of their partners, and they are contractually obligated not to release the contract before someone purchases insurance. He told me this is standard practice in the renter's insurance world and that no company wanted their contracts (called an HO-4) released prior to payment. He sent me an example of what an HO-4 typically looked like that he found online ([here](https://www.uuinsurance.com/z_Agent_PDF_Forms/Policy%20Jackets/HO4%20Renters.pdf)), but couldn't find the contract I would actually be agreeing to (Assurant's March 2017 rental contract). + +So here are my questions, from most to least pressing: + +* Does anyone have a copy of Assurant's March 2017 Renter's Insurance contract for the District of Columbia? +* Is there a good source online for me to find more of these contracts? +* Does anyone know if State Farm and Allstate are similarly resellers of insurance? +* If they are resellers, do you know who they would source a DC rental policy from? +* How can I get copies of these contracts before I agree to them? +* Why does this business work this way? +If I understand correctly the economic calculation problem essentially says that a central planner will be unable to allocate resources efficiently because he doesn’t have enough information to do so. While this was a major problem in the past for centrally planned states would it still be a major problem for a centrally planned state today given the massive advances in computing and the internet? Massive amounts of information could be sent to the central planner and vice versa allowing him to hypothetical make the economic calculation problem a non issue. +This study says it has: +https://www.nber.org/papers/w22945 + +But then the fred median personal income seems to disagree: +https://fred.stlouisfed.org/series/MEPAINUSA672N + +And there is a whole CPI vs IPD debate that I don't understand. +Thanks is someone can help me make sense of all this. +https://sec.report/Document/0001193125-20-236699/ + +>We have entered into an equity distribution agreement, or the equity distribution agreement, with Goldman Sachs & Co. LLC, BofA Securities, Inc., Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, SG Americas Securities, LLC, Wells Fargo Securities, LLC and BNP Paribas Securities Corp., as our sales agents, under which we may offer and sell from time to time our common stock having an aggregate offering price of up to $5,000,000,000. The sales agents may act as agents on our behalf or purchase shares of our common stock as principal. + +>Our common stock is traded on the Nasdaq Global Select Market under the symbol “TSLA.” The last reported sale price of our common stock on August 31, 2020, as reported on the Nasdaq Global Select Market, was $498.32 per share. + +>Sales, if any, of common stock under the equity distribution agreement may be made in ordinary brokers’ transactions, to or through a market maker, on or through the Nasdaq Global Select Market or any other market venue where the securities may be traded, in the over-the-counter market, in privately negotiated transactions, in block trades, in transactions that are deemed to be “at the market offerings” as defined in Rule 415 under the Securities Act or through a combination of any such methods of sale. The sales agents may also sell our common stock by any other method permitted by law. +We will designate the maximum amount of common stock to be sold through the sales agents on a daily basis or otherwise as we and the sales agents agree and the minimum price per share at which such common stock may be sold. Subject to the terms and conditions of the equity distribution agreement, the sales agents will use their reasonable efforts consistent with their normal sales and trading practices to sell on our behalf all of the designated shares of common stock. We may instruct the sales agents not to sell any common stock if the sales cannot be effected at or above the price designated by us in any such instruction. We or any sales agent, with respect to itself only, may suspend the offering of our common stock by notifying the other party. + +>We will pay each sales agent a commission of up to 0.5% of the gross sales price per share of common stock sold through such agent under the equity distribution agreement. We have also agreed to reimburse the sales agents for certain of their expenses. In connection with the sale of the shares of common stock on our behalf, each of the sales agents may be deemed to be an “underwriter” within the meaning of the Securities Act of 1933, as amended, or the Securities Act, and the compensation paid to each of the sales agents may be deemed to be underwriting commissions or discounts. See “Plan of Distribution.” + +>Settlement of any sales of common stock will occur on the second business day following the date on which such sales were made (or such earlier day as is industry practice for regular-way +trading). + +>There is no arrangement for funds to be received in an escrow, trust or similar arrangement. Sales of our common stock as contemplated in this prospectus supplement will be settled through the facilities of The Depository Trust Company or by such other means as we and the sales agents may agree. +Would love to hear any words of advice from the veteran wheelers out there who’ve had success with the strategy and sticking to it throughout. Is it common for risk profiles to change? Moving away from individual high IV stocks, to high IV ETFs like TQQQ, then ultimately are wheeling spy/russell? Thanks in advance. +I mostly sell CSP & naked (margin) puts, then wheel if assigned. Have been watching BBBY run up like crazy. once I saw WSB talk mirror GME keywords, I decided we're close to the end of the pump. + +#1 8/17 9:31AM: Sold 10X 8/19 $45 Calls (Naked) for $2500 (YOLO). +#2 Panicked a bit (this was my mistake) as it kept going up. +#3 8/17 9:33AM: Sold 10X 8/19 $20 Puts for $1333 (OUCH). +#4 Looks like I'm gonna get assigned, puts are killing me. Decide to sell more $45 Calls for next week: +#5 8/18 9:33AM: Sold 10X 8/26 $45 Calls for $1070 +#6 8/18 3:36PM: Sold 10X 8/26 $45 Calls for $620 + + +Looking at the AH, looks like I'm going to be assigned 1,000 shares @ $20. So ~$10K loss on that put, but all together I sold about $5,500 of options, so my cost basis is $14.5. + + +Depending on action tomorrow, I'm planning on selling weekly $14/$15 calls and hoping they get called away sooner or later. + + +Also I had TERRIBLE sleep yesterday, literally had a nightmare where BBBY tanked and people were making fun of me for my trades.. Not worth it, but a learning experience. +I’ve finally made it to FIRE and no longer need to be a pretty boy and display my flair. Friday is my last day at the office. I know you guys like detailed breakdowns of net worth growth and the like, but I don’t really have that. For whatever reason, I always just overwrote my spreadsheets from my last quarterly update. I guess I wasn’t all that concerned with the trajectory, only the final number. But I’m willing to share what I do have, both how I got here and where I’m going. + +(Unless otherwise noted, all numbers below are combined for my wife and I, despite me writing in the first person. She’s cool with that, I checked. We hold only a stock/bond portfolio and have no other investments.) + +Here’s what I can tell you. I had $700k at the start of 2017 with a minimum FIRE goal of $900k ($36k/yr at 4%WR), which I would’ve hit my savings and a 0% return for 2017 and 2018. Considering that the next bear market was imminent at that time (just like now if you listen to the pundits), I made a plan to work those two years before re-evaluating. As I’m sure you’re aware, 2017 market returns were big (20+% US, 27%+ Int’l), and I hit $1MM in early 2018. This bounced around some as 2018 was fairly volatile, and I lost my second comma at the end of 2018. They’ve since bounced back and I currently have about $1.1MM. We picked our retirement date of 4/19/19 back in October 2018. It’s Good Friday, and it will most definitely be a good friday. + +I’m 42 years old and have never made 6 figures. In fact, I never even broke $50k/yr until age 38. My wife is 41, and she has never made 6 figures either, but generally always out-earned me (except for two absolutely glorious months back in 2017). We have no kids, but that was decided well before we even knew FIRE was a thing. I work as a non-CPA accountant (A/R) and I always pay attention to the mundane details and put the decimal point in the right place. She works for a major hotel chain and knows a lot about TPS reports. We have always lived in HCOL areas, first in Chicago (2001-2009) and then in Silicon Valley (2010 - present). As such, our real talent is living a good life while not spending much money. The last few years, we’ve spent right around $45k/yr, which I feel is pretty damn good for around here. Many of my coworkers spend that amount on housing alone. + +We keep our costs down in lots of practical ways. I’ve been a full time bike commuter for 5 years. We cook nearly every meal at home, eating out less than once a month, and even then it’s usually pho or something pretty cheap. We split one car, a 15 year old VW. We have the cheapest apartment of anyone I’ve ever met, currently at a high water mark of $1700/mo. It’s definitely a bit old and rundown, but it fits our needs and the neighbors are nice. We still live a very similar lifestyle to when we first met in our early 20s and had little money and I still rock my same Swingline stapler. + +We weren’t always great at saving a bunch of money, but we worked up to it. When starting our first jobs, we each (independently) started contributing around 15% to our 401ks. And then we increased that percentage with each raise. But sometime in 2013, I stumbled upon MMM and was instantly hooked. I accepted those face punches graciously and we really kicked our savings up a couple of notches from then on. This also coincided with our peak earning years and a booming stock market, and suddenly early retirement seemed so much more accessible instead of some far off dream. + +About our only discretionary spending that moves the needle is on travel. We have always loved to travel together. We both currently work for companies in the travel industry, so we get a lot of company help. This was the best part about work the last few years. Just over this time, we took trips to Paris, Hawaii, Jamaica, Tahoe, and Vietnam that were at least partially subsidized by our employers. We even squeezed a few full priced trips in there too. Now, we are turning our travel up to 11 by going full nomad and plan to travel indefinitely without a home base. + +I'm not planning a static withdrawal rate. Instead I will use a variable withdrawal rate, with planned cutbacks when returns are negative (knocking us below our starting point) with the option to increase after years with big gains. My base spending estimate is $36k/yr which is about 3.25% of my current portfolio, but again, that will fluctuate. I will probably try to keep it under $36k/yr until weathering my first recession. The idea is that we can live a reasonably similar lifestyle but at different price points based on whether we’re sticking to cheaper countries or more expensive ones. As such, cutting back should not be painful like a case of the Mondays, it will just involve moving slower and/or staying in cheaper places longer. + +In general, I do not know how long we will travel or how much we’ll enjoy it. I think it’ll be great, which is why we’re doing it, but it’s hard to know until it actually happens. If we were to call it quits after only a few years, it’s entirely possible that one or both of us would need to work part time selling magazine subscriptions door to door (beats working at Intertrode) if we decide to move back to the US permanently. I hope it doesn’t come to that though. Ideally we slow travel for decades using a fairly low WR, cutting spending as needed, and our portfolio grows. This would allow more flexibility to increase spending as we age, whether that’s while still traveling or settling back in the US. I imagine travel in my 60s will require more comfort that travel in my 40s, so I’m trying to plan for that. + +As it stands, I am not planning to carry health insurance while traveling, instead opting to just pay cash as needed like the locals do. I have a couple of months before we get on a plane, so I will research options further, but from what I’ve found so far, it’s not going to be worth it. When returning to the US to visit friends and family, I will buy a temporary high deductible catastrophic plan though. Obviously I cannot be in the US even for any period of time without insurance. (Hey USA, what’s happening? If you could go ahead and work on getting us up to developed world standards while we’re out galavanting around the world, that would be great. Mmmmkay?) + +I hold a lazy portfolio consisting of all index funds. Total AA is 40/30/30 US/Int’l/Bonds. I have decided against using a bond tent. Originally, I thought about starting at 60/40 stock/bond and shifting this to 80/20 over 5 or 10 years. Instead, I just decided to go with 70/30 and stick with it. The backtest results are similar, and this fits better with my general [KISS](https://en.wikipedia.org/wiki/KISS_principle) investing plan. + +I do the vast majority of my posting on this sub while at work when I don’t have meetings with the Bobs, so I’m not expecting to continue contributing at my current rate. I don’t plan to disappear entirely, but will likely shift from resident genius know-it-all to focusing more on the post-FIRE aspect. :) + +That’s about all I can think of. Got questions? Fire away and I’ll do my best to answer them. + +TL;DR FIRE’ing at age 42 with about $1.1M for two people with a plan to spend ~$36k/yr (variable) while traveling the world indefinitely. Never made 6 figures or even really close, just figured out how to enjoy life without spending much money and invested consistently over time. Office Space is one of the best movies ever made. +Hello community, + +Most books / posts I've read recommend the US S&P500 index fund (or its close equivalent VOO) and that makes me wonder, could any other countries potentially challenge America's position in the long-term? I am thinking the answer is no because: + +* Military might from the US Navy/Army and geography - it is almost impossible to launch an invasion against the American continent +* Big-tech dominance in FAANG; financial services dominance in bulge bracket banks; consumer goods e.g. JNJ, KO + +I simply cannot imagine Europe, China, or other markets over-taking the US in the long term - Europe due to it geo-political risks; China due to its own political risks; India, and Africa due to climate change. +Hello, + +M28 from southern Europe working in Germany since 6 months ago (probation period already done) for a major electricity generation company in the country and worldwide (renewables). + +I net around 3.3k monthly (same as my F28 gf, working in the same industry and company). + +We just moved together to pay 1.6k monthly for an apartment + water + electricity costs (no gas for heating). Let’s say it is approx. 900 euros/each monthly. + +We are considering leasing an EV to commute to the office (30km between cities). The cost of the lease + insurances is 150 euros/month/each, which is pretty similar to what it would cost to have a monthly train ticket between both cities (excluding any further German government aid like the 9 euro/ticket). We have an option to charge the car for free at the office. + +After all our expenses, holiday budget, etc, including the car, we are able to invest around 1k each (in my case, VWCE). + +I am not super smart in terms of economy and recessions. Do you identify any red flag on my approach that you would think deserved attention in this (possibly) upcoming recession? +Should I chill with the investments and accumulate cash? No-go the car? Is my industry giving me more job security than others? + +Thanks for you feedback :) +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! +For those who don't own a plane personally but fly private, what does it cost you? Jet or prop plane? I don't hate flying commercially but have flown private and the ease is incredible. I've flown as a guest on NetJets and Wheels Up but don't have the relationship with the member to ask them directly what they pay. +Hi there, + +I'm in the position where I'm considering moving from up North (currently on £32k per year) to London, where the jobs I'm looking at offer approximately £45k per year. + +I'm wanting to know roughly how these two stack up against eachother - given the higher cost of living in London, should I expect my quality of life/savings to be similar to those that I already have? + +Appreciate this is a very broad question, but I'm having difficulty quantifying the whether my finances will actually be that much different! +I've seen Biden's proposal of taxing all capital gains as income for anyone making over $1M everywhere, but I can't seem to find whether this is progressive in any way or not. Has anyone else been able to determine how they are proposing to implement this? + +From all the language I've seen it appears to be binary and just triggered by $1M taxable income but that seems a bit ridiculous. +Working from home today and procrastinating, so I thought I'd share my experience with Monzo and Starling. After largely lurking this subreddit for a number of years now, inevitably every "which is the best bank account" type thread recommends either Monzo or Starling repeatedly. So I decided to give them both a go and see what would happen. + + +**Me:** + +* Male, early 30s + +* Live in Manchester + +* Income £35k + +* Travel a fair bit + +* No credit cards (spending done on debits) + +* Renting, no mortgage + +* Not much in way of savings (6 months ago anyway - the flowchart changed that!) + +**Aims:** + +* To never have to deal with Natwest's god-awful customer service again + +* To get better rates when spending abroad + +* To get into the "habit" of **saving** (wrote "spending" originally, lol) + +* Manage money a bit better and realise spending £250 on kebabs a month is a bit wasteful (figure only slightly exaggerated) + +I kept my salary being paid into Natwest during these six months, but switched a couple of direct debits each to Starling and Monzo (Spotify, Netflix etc. Switched energy direct debit to Monzo) + +**Month 1:** + +Open the 2 accounts. Both couldn't be easier. Impressed by the lack of faff with both of them. + +Debit cards arrive - both, in my opinion, look great. The Monzo pink one still gets lots of "What the bloody hell is that" in my mum's Cheshire village. + +The apps are just something else. Straight away I can tell how it's going to help me get into the "saving habit" - just with the visibility of what's being spent. Really like Monzo's kind of monthly "predictor" on whether the money will last based on how you're spending, plus any bills setup. + +**Month 2:** + +Start setting up some of the additional features. I do the "change jar" in Monzo, that rounds up spending and puts the extra pennies in a pot. Open an ISA savings pot on Monzo and 2 regular savings pots on Starling for a couple of trips. + +Both banks show a notification saying I'm eligible for an overdraft. Don't really trust myself with these, so I decline. Find out in the Monzo settings you can turn off lending offers, so it doesn't appear again (does with Starling). + +Slightly overdo it with restricting myself on spending - and read a timely post on here that basically says "remember to enjoy yourself/don't get addicted to saving". Managed to put away £500 that month in savings though! + +**Month 3:** + +Birthday month. Granny and Grandad still send me £20 cheques each. Legends. Although, thought this might scupper my plans for Starling/Monzo. Found out you can deposit cheques with both through the post. Both take about 5 days to credit - that was cool. +Go away for my birthday to Morocco. Spending on both cards is not a problem - but wanting to go to Bazaars and attempt to ride a Camel requires cash, so Starling performs best here with its unlimited withdrawal fees. + +I upped my company pension contributions after checking the flowchart and realising a) my pension had a fee of 0.4%, which was great and b) I've definitely got a bit more extra cash lying around after checking my spending. The plan is working! + +Manage to put away £250 in savings. + +**Month 4:** + +Monzo starts telling me I can switch energy providers and get £50 off. Yes please? Check my current bill and it's due to come up that month - not sure if that was a coincidence. Go through their tool and find a slightly better rate on Octopus Energy, but the £50 also sweetens it. Popped that straight into the Cash ISA pot. Had another trip abroad to France, Starling worked without a problem once again. +Managed to save £300 again in savings pots. Monzo change pot is now up to £42(!), which I move to the ISA. + +**Month 5:** + +First bit of a problem for both banks. Some Starling payments start getting rejected on the card, and some transfers to friends don't go through. Checked the balance and was all OK - checked Twitter and seemed to be a problem on their end. (Thought they had a forum but looks like they closed it in 2018? Monzo still has theirs, which is pretty useful although sometimes a bit negative). + +Monzo tells me that I can get paid a day early by switching my salary to them. Think it's just a bit of a gimmick tbh. They also had the fuck up with their PIN storage this month, iirc. Didn't affect me, changed PIN anyway. + +£300 saved again. Kebab spending slashed by 90%. Waistline ever so slightly receding. + + +**Month 6:** + +This was the game changer. Monzo updated its app and came out with a salary sorter feature. It says once your salary comes in, it automatically moves money into pots, and then those pots pay your bills. Can also put money straight into ISA (haven't yet until I'm more comfortable with what I've got end of the month). + +Haven't had salary paid in yet (still Natwest, but going to change) but did setup the bill pots, and I've watched Netflix and the energy bill go out of those pots automatically. + +Had another issue with payments going out on Starling - read it might have been to do with new SCA laws, but my payments where chip n pin. Bit frustrating. + +Also put away a bit of money to take the savings up to £1500 + pension contributions. Pretty chuffed. + +6 months in and with that new feature its convinced me to use Monzo as my main account and Starling as my backup. + +**What I learned:** + +* These apps can definitely help you control spending easier than other ones I've seen. + +* Monzo has definitely got me into a savings mentality. Moving the bill stuff automatically and showing what I've got left is great. Used to faff around with this at uni with a separate bills account etc. - this does it all in one place. + +* Starling is the king (queen?) of spending abroad. A bit shakey at times though. + +* Not had to use either customer support properly, so can't comment there. + +* Kebabs aren't all that great. + +* UKPF says to keep more than one account open "just in case" so I intend to. + +I've now switched my salary to get paid into Monzo and can finally close my Natwest account. True to form, that's taken 2 weeks so far, lol. + +Hope this helps someone - a big thank you to this community for all of the financial advice you've given over the last year of lurking. Feels great to finally feel like I'm getting a grip with my finances and be a bit more organised with my money. + +**TL;DR:** Using Monzo as my full bank account after their latest update. Keeping Starling as additional backup/full overseas spending. Finally closing my nightmare with Natwest. Saving money regularly for the first time in...ever? UKPF is awesome. + +**EDIT**: Well, this blew up. Thank you for the gold whoever that was! I also appreciate both the kind words and the enthusiasm for kebabs. I knew I loved this subreddit for a reason. +I am putting together my investment portfolio for 2018 and made a complete summary of the current Top 100. Interestingly, I noticed that all coins can be categorized into 12 markets. Which markets do you think will play the biggest role in the coming year? + +Here is a complete overview of all coins in an excel sheet including name, a full description, market, TPS, risk profile, time since launch (negative numbers mean that they are launching that many months in the future) and market cap. You can also sort by all of these fields of course. Coins written in bold are the strongest contenders within their market either due to having the best technology or having a small market cap and still excellent technology and potential. https://docs.google.com/spreadsheets/d/1s8PHcNvvjuy848q18py_CGcu8elRGQAUIf86EYh4QZo/edit#gid=0 + +The 12 markets are + +1. Currency 13 coins +2. Platform 25 coins +3. Ecosystem 9 coins +4. Privacy 9 coins +6. Currency Exchange Tool 8 coins +7. Gaming & Gambling 4 coins +5. Misc 15 coins +8. Social Network 4 coins +9. Fee Token 3 coins +10. Decentralized Data Storage 4 coins +11. Cloud Computing 2 coins +12. Stable Coin 3 coins + +Before we look at the individual markets, we need to take a look of the overall market and its biggest issue, scalability, first: + +Cryptocurrencies aim to be a decentralized currency that can be used worldwide. Their goal is to replace dollar, Euro, Yen, all FIAT currencies globally. The coin that will achieve that will be worth several trillion dollars. + +Bitcoin can only process 7 transactions per second (TPS) currently. In order to replace all FIAT, it would need to perform at least at VISA levels, which usually processes around 3,000 TPS, up to 25,000 TPS during peak times and a maximum of 64,000 TPS. That means that this cryptocurrency would need to be able to perform at least several thousand TPS. However, a ground breaking technology should not look at current technology to set a goal for its use, i.e. estimating the number of emails sent in 1990 based on the number of faxes sent wasn’t a good estimate. + +For that reason, 10,000 TPS is the absolute baseline for a cryptocurrency that wants to replace FIAT. This brings me to IOTA, which wants to connect all 80 billion IoT devices that are expected to exist by 2025, which constantly communicate with each other, possibly creating 80 billion or more transactions per second. This is the benchmark that cryptocurrencies should be aiming for. Currently, 8 billion devices are connected to the Internet. + +With its Lightning network recently launched, Bitcoin is realistically looking at 50,000 possible TPS soon. Other notable cryptocurrencies besides IOTA and Bitcoin are Nano with 7,000 TPS already tested, Dash with several billion TPS possible with Masternodes, Neo, LISK and RHOC with 100,000 TPS by 2020, Ripple with 50,000 TPS, Ethereum with 10,000 TPS with Sharding. + +However, it needs to be said that scalability usually goes at the cost of decentralization and security. So, it needs to be seen, which of these technologies can prove themselves decentralized while maintaining high TPS. + +Without further ado, here are the coins of the first market. Each market is sorted by market cap. + +##Market 1 - Currency: + +1. Bitcoin: +1st generation blockchain with currently bad scalability, though the implementation of the Lightning Network looks promising and could alleviate most scalability and high energy use concerns. +2. Ripple: +Centralized currency that might become very successful due to tight involvement with banks and cross-border payments for financial institutions; banks and companies like Western Union and Moneygram (who they are currently working with) as customers customers. However, it seems they are aiming for more decentralization now.https://ripple.com/dev-blog/decentralization-strategy-update/. Has high TPS due to Proof of Correctness algorithm. +3. Bitcoin Cash: +Bitcoin fork with the difference of having an 8 times bigger block size, making it 8 times more scalable than Bitcoin currently. Further block size increases are planned. Only significant difference is bigger block size while big blocks lead to further problems that don't seem to do well beyond a few thousand TPS. Opponents to a block size argue that increasing the block size limit is unimaginative, offers only temporary relief, and damages decentralization by increasing costs of participation. In order to preserve decentralization, system requirements to participate should be kept low. To understand this, consider an extreme example: very big blocks (1GB+) would require data center level resources to validate the blockchain. This would preclude all but the wealthiest individuals from participating.Community seems more open than Bitcoin's though. +4. Litecoin : +Little brother of Bitcoin. Bitcoin fork with different mining algorithm but not much else.Copies everything that Bitcoin does pretty much. Lack of real innovation. +2. Dash: Dash (Digital Cash) is a fork of Bitcoin and focuses on user ease. It has very fast transactions within seconds, low fees and uses Proof of Service from Masternodes for consensus. They are currently building a system called Evolution which will allow users to send money using usernames and merchants will find it easy to integrate Dash using the API. You could say Dash is trying to be a PayPal of cryptocurrencies. Currently, cryptocurrencies must choose between decentralization, speed, scalability and can pick only 2. With Masternodes, Dash picked speed and scalability at some cost of decentralization, since with Masternodes the voting power is shifted towards Masternodes, which are run by Dash users who own the most Dash. +5. IOTA: +3rd generation blockchain called Tangle, which has a high scalability, no fees and instant transactions. IOTA aims to be the connective layer between all 80 billion IOT devices that are expected to be connected to the Internet in 2025, possibly creating 80 billion transactions per second or 800 billion TPS, who knows. However, it needs to be seen if the Tangle can keep up with this scalability and iron out its security issues that have not yet been completely resolved. +6. Nano: +3rd generation blockchain called Block Lattice with high scalability, no fees and instant transactions. Unlike IOTA, Nano only wants to be a payment processor and nothing else, for now at least. With Nano, every user has their own blockchain and has to perform a small amount of computing for each transaction, which makes Nano perform at 300 TPS with no problems and 7,000 TPS have also been tested successfully. Very promising 3rd gen technology and strong focus on only being the fastest currency without trying to be everything. +9. Decred: +As mining operations have grown, Bitcoin’s decision-making process has become more centralized, with the largest mining companies holding large amounts of power over the Bitcoin improvement process. Decred focuses heavily on decentralization with their PoW Pos hybrid governance system to become what Bitcoin was set out to be. They will soon implement the Lightning Network to scale up. While there do not seem to be more differences to Bitcoin besides the novel hybrid consensus algorithm, which Ethereum, Aeternity and Bitcoin Atom are also implementing, the welcoming and positive Decred community and professoinal team add another level of potential to the coin. +14. Bitcoin Atom: +Atomic Swaps and hybrid consenus. This looks like the only Bitcoin clone that actually is looking to innovate next to Bitcoin Cash. +15. Dogecoin: +Litecoin fork, fantastic community, though lagging behind a bit in technology. +16. Bitcoin Gold: +A bit better security than bitcoin through ASIC resistant algorithm, but that's it. Not that interesting. +17. Digibyte: +Digibyte's PoS blockchain is spread over a 100,000+ servers, phones, computers, and nodes across the globe, aiming for the ultimate level of decentralization. DigiByte’s adoption over the past four years has been slow. The DigiByte website offers a lot of great marketing copy and buzzwords. However, there’s not much technical information about what they have planned for the future. You could say Digibyte is like Bitcoin, but with shorter blocktimes and a multi-algorithm. However, that's not really a difference big enough to truly set themselves apart from Bitcoin, since these technologies could be implemented by any blockchain without much difficulty. Their decentralization is probably their strongest asset, however, this also change quickly if the currency takes off and big miners decide to go into Digibyte. +19. Bitcoin Diamond +Asic resistant Bitcoin and Copycat + +##Market 2 - Platform +Most of the cryptos here have smart contracts and allow dapps (Decentralized apps) to be build on their platform and to use their token as an exchange of value between dapp services. + +1. Ethereum: +2nd generation blockchain that allows the use of smart contracts. Bad scalability currently, though this concern could be alleviated by the soon to be implemented Lightning Network aka the Raiden Network, Plasma and its Sharding concept. +2. EOS: +Promising technology that wants to be able do everything, from smart contracts like Ethereum, scalability similar to Nano with 1000 tx/second + near instant transactions and zero fees, to also wanting to be a platform for dapps. However, EOS doesn't have a product yet and everything is just promises still. There are lots of red flags, e.g. having dumped $500 million Ether over the last 2 months and possibly bought back EOS to increase the size of their ICO, which has been going on for over a year and has raised several billion dollars. All in all, their market cap is way too high for that and not even having a product. However, Mainnet release is in 1 month, which could change everything. +3. Cardano: +Similar to Ethereum/EOS, however, only promises made with no delivery yet, highly overrated right now. Interesting concept though. Market cap way too high for not even having a product. Somewhat promising technology. +4. VeChain: +Singapore-based project that’s building a business enterprise platform and inventory tracking system. Examples are verifying genuine luxury goods and food supply chains. Has one of the strongest communities in the crypto world. Most hyped token of all, with merit though. +5. Neo: +Neo is a platform, similar to Eth, but more extensive, allowing dapps and smart contracts, but with a different smart contract gas system, consensus mechanism (PoS vs. dBfT), governance model, fixed vs unfixed supply, expensive contracts vs nearly free contracts, different ideologies for real world adoption. There are currently only 9 nodes, each of which are being run by a company/entity hand selected by the NEO council (most of which are located in china) and are under contract. This means that although the locations of the nodes may differ, ultimately the neo council can bring them down due to their legal contracts. In fact this has been done in the past when the neo council was moving 50 million neo that had been locked up. Also dbft (or neo's implmentation of it) has failed underload causing network outages during major icos. The first step in decentralization is that the NEO Counsel will select trusted nodes (Universities, business partners, etc.) and slowly become less centralized that way. The final step in decentralization will be allowing NEO holders to vote for new nodes, similar to a DPoS system (ARK/EOS/LISK). NEO has a regulation/government friendly ideology. Finally they are trying to work under/with the Chinese government in regards to regulations. If for some reason they wanted it shut down, they could just shut it down. +8. Stellar:PoS system, similar goals as Ripple, but more of a platform than only a currency. 80% of Stellar are owned by Stellar.org still, making the currency centralized. +18. Ethereum classic: +Original Ethereum that decided not to fork after a hack. The Ethereum that we know is its fork. Uninteresing, because it has a lot of less resources than Ethereum now and a lot less community support. +11. Ziliqa: +Zilliqa is building a new way of sharding. 2400 tpx already tested, 10,000 tps soon possible by being linearly scalable with the number of nodes. That means, the more nodes, the faster the network gets. They are looking at implementing privacy as well. +6. QTUM: +Enables Smart contracts on the Bitcoin blockchain. Useful. +7. Icon: +Korean ethereum. Decentralized application platform that's building communities in partnership with banks, insurance providers, hospitals, and universities. Focused on ID verification and payments. +8. LISK: +Lisk's difference to other BaaS is that side chains are independent to the main chain and have to have their own nodes. Similar to neo whole allows dapps to deploy their blockchain to. Like most cryptocurrencies, Lisk is currently somewhat centralized with a small group of members owning more than 50% of the delegated positions. Lisk plans to change the consensus algorithm for that reason in the near future. +9. Rchain: +Similar to Ethereum with smart contract, though much more scalable at an expected 40,000 TPS and possible 100,000 TPS. Not launched yet. No product launched yet, though promising technology. Not overvalued, probably at the right price right now. +10. ARDR: Similar to Lisk. Ardor is a public blockchain platform that will allow people to utilize the blockchain technology of Nxt through the use of child chains. A child chain, which is a ‘light’ blockchain that can be customized to a certain extent, is designed to allow easy self-deploy for your own blockchain. Nxt claims that users will "not need to worry" about security, as that part is now handled by the main chain (Ardor). This is the chief innovation of Ardor. Ardor was evolved from NXT by the same company. NEM started as a NXT clone. +11. Ontology: Similar to Neo. Interesting coin +12. Bytom: Bytom is an interactive protocol of multiple byte assets. Heterogeneous byte-assets (indigenous digital currency, digital assets) that operate in different forms on the Bytom Blockchain and atomic assets (warrants, securities, dividends, bonds, intelligence information, forecasting information and other information that exist in the physical world) can be registered, exchanged, gambled and engaged in other more complicated and contract-based interoperations via Bytom. +13. Nxt: Similar to Lisk +10. Aeternity: +We’ve seen recently, that it’s difficult to scale the execution of smart contracts on the blockchain. Crypto Kitties is a great example. Something as simple as creating and trading unique assets on Ethereum bogged the network down when transaction volume soared. Ethereum and Zilliqa address this problem with Sharding. Aeternity focuses on increasing the scalability of smart contracts and dapps by moving smart contracts off-chain. Instead of running on the blockchain, smart contracts on Aeternity run in private state channels between the parties involved in the contracts. State channels are lines of communication between parties in a smart contract. They don’t touch the blockchain unless they need to for adjudication or transfer of value. Because they’re off-chain, state channel contracts can operate much more efficiently. An important aspect of smart contract and dapp development is access to outside data sources. This could mean checking the weather in London, score of a football game, or price of gold. Oracles provide access to data hosted outside the blockchain. In many blockchain projects, oracles represent a security risk and potential point of failure, since they tend to be singular, centralized data streams. Aeternity proposes decentralizing oracles with their oracle machine. Doing so would make outside data immutable and unchangeable once it reaches Aeternity’s blockchain. Aeternity’s network runs on on a hybrid of proof of work and proof of stake. Founded by a long-time crypto-enthusiast and early colleague of Vitalik Buterin, Yanislav Malahov. Promising concept though not product yet +14. Stratis: Different to LISK, Stratis will allow businesses and organizations to create their own blockchain according to their own needs, but secured on the parent Stratis chain. Stratis’s simple interface will allow organizations to quickly and easily deploy and/or test blockchain functionality of the Ethereum, BitShares, BitCoin, Lisk and Stratis environements. +15. Status: +Status provides access to all of Ethereum’s decentralized applications (dapps) through an app on your smartphone. It opens the door to mass adoption of Ethereum dapps by targeting the fastest growing computer segment in the world – smartphone users. +16. Ark: Fork of Lisk that focuses on a smaller feature set. Ark wallets can only vote for one delegate at a time which forces delegates to compete against each other and makes cartel formations incredibly hard, if not impossible. +17. Neblio: Similar to Neo, but at a 30x smaller market cap. +18. NEM: Is similar to Neo. However, it has no marketing team, very high market cap for little clarilty what they do. +19. Bancor: Bancor is a Decentralized Liquidity Network that allows you to hold any Ethereum token and convert it to any other token in the network, with no counter party, at an automatically calculated price, using a simple web wallet. +20. Dragonchain: +The Purpose of DragonChain is to help companies quickly and easily incorporate blockchain into their business applications. Many companies might be interested in making this transition because of the benefits associated with serving clients over a blockchain – increased efficiency and security for transactions, a reduction of costs from eliminating potential fraud and scams, etc. +7. Skycoin: +Transactions with zero fees that take apparently two seconds, unlimited transaction rate, no need for miners and block rewards, low power usage, all of the usual cryptocurrency technical vulnerabilities fixed, a consensus mechanism superior to anything that exists, resistant to all conceivable threats (government censorship, community infighting, cyber/nuclear/conventional warfare, etc). Skycoin has their own consensus algorithm known as Obelisk written and published academically by an early developer of Ethereum. Obelisk is a non-energy intensive consensus algorithm based on a concept called ‘web of trust dynamics’ which is completely different to PoW, PoS, and their derivatives. Skywire, the flagship application of Skycoin, has the ambitious goal of decentralizing the internet at the hardware level and is about to begin the testnet in April. However, this is just one of the many facets of the Skycoin ecosystem. Skywire will not only provide decentralized bandwidth but also storage and computation, completing the holy trinity of commodities essential for the new internet. Skycion a smear campaign launched against it, though they seem legit and reliable. Thus, they are probably undervalued. + +##Market 3 - Ecosystem +The 3rd market with 11 coins is comprised of ecosystem coins, which aim to strengthen the ease of use within the crypto space through decentralized exchanges, open standards for apps and more + +1. Nebulas: +Similar to how Google indexes webpages Nebulas will index blockchain projects, smart contracts & data using the Nebulas rank algorithm that sifts & sorts the data. Developers rewarded NAS to develop & deploy on NAS chain. Nebulas calls this developer incentive protocol – basically rewards are issued based on how often dapp/contract etc. is used, the more the better the rewards and Proof of devotion. Works like DPoS except the best, most economically incentivised developers (Bookkeeppers) get the forging spots. Ensuring brains stay with the project (Cross between PoI & PoS). 2,400 TPS+, DAG used to solve the inter-transaction dependencies in the PEE (Parallel Execution Environment) feature, first crypto Wallet that supports the Lightening Network. +2. Waves: +Decentralized exchange and crowdfunding platform. Let’s companies and projects to issue and manage their own digital coin tokens to raise money. +3. Salt: +Leveraging blockchain assets to secure cash loands. Plans to offer cash loans in traditional currencies, backed by your cryptocurrency assets. Allows lenders worldwide to skip credit checks for easier access to affordable loans. +4. CHAINLINK: ChainLink is a decentralized oracle service, the first of its kind. Oracles are defined as an ‘agent’ that finds and verifies real-world occurrences and submits this information to a blockchain to be used in smart contracts.With ChainLink, smart contract users can use the network’s oracles to retrieve data from off-chain application program interfaces (APIs), data pools, and other resources and integrate them into the blockchain and smart contracts. Basically, ChainLink takes information that is external to blockchain applications and puts it on-chain. The difference to Aeternity is that Chainlink deploys the smart contracts on the Ethereum blockchain while Aeternity has its own chain. +6. WTC: Combines blockchain with IoT to create a management system for supply chains Interesting +7. Ethos unifyies all cryptos. Ethos is building a multi-cryptocurrency phone wallet. The team is also building an investment diversification tool and a social network +6. Komodo: +The Komodo blockchain platform uses Komodo’s open-source cryptocurrency for doing transparent, anonymous, private, and fungible transactions. They are then made ultra-secure using Bitcoin’s blockchain via a Delayed Proof of Work (dPoW) protocol and decentralized crowdfunding (ICO) platform to remove middlemen from project funding. Offers services for startups to create and manage their own Blockchains. +9. Aion: Today, there are hundreds of blockchains. In the coming years, with widespread adoption by mainstream business and government, these will be thousands or millions. Blockchains don’t talk to each other at all right now, they are like the PCs of the 1980s. The Aion network is able to support custom blockchain architectures while still allowing for cross-chain interoperability by enabling users to exchange data between any Aion-compliant blockchains by making use of an interchain framework that allows for messages to be relayed between blockchains in a completely trust-free manner. +13. Tenx: +Raised 80 million, offers cryptocurrency-linked credit cards that let you spend virtual money in real life. Developing a series of payment platforms to make spending cryptocurrency easier. + +##Market 4 - Privacy +The 4th market are privacy coins. As you might know, Bitcoin is not anonymous. If the IRS or any other party asks an exchange who is the identity behind a specific Bitcoin address, they know who you are and can track back almost all of the Bitcoin transactions you have ever made and all your account balances. Privacy coins aim to prevent exactly that through address fungability, which changes addresses constantly, IP obfuscation and more. There are 2 types of privacy coins, one with completely privacy and one with optional privacy. Optional Privacy coins like Dash and Nav have the advantage of more user friendliness over completely privacy coins such as Monero and Enigma. + +1. Monero: Currently most popular privacy coin, though with a very high market cap. Since their privacy is all on chain, all prior transactions would be deanonymized if their protocol is ever cracked. This requires a quantum computing attack though. PIVX is better in that regard. +3. Zcash: +A decentralized and open-source cryptocurrency that hide the sender, recipient, and value of transactions. Offers users the option to make transactions public later for auditing. Decent privacy coin, though no default privacy +4. Verge: +Calls itself privacy coin without providing private transactions, multiple problems over the last weeks has a toxic community, and way too much hype for what they have. +5. Bytecoin: +First privacy-focused cryptocurrency with anonymous transactions. Bytecoin’s code was later adapted to create Monero, the more well-known anonymous cryptocurrency. Has several scam accusations, 80% pre-mine, bad devs, bad tech +6. Bitcoin Private: +A merge fork of Bitcoin and Zclassic with Zclassic being a fork of Zcash with the difference of a lack of a founders fee required to mine a valid block. This promotes a fair distribution, preventing centralized coin ownership and control. Bitcoin private offers the optional ability to keep the sender, receiver, and amount private in a given transaction. However, this is already offered by several good privacy coins (Monero, PIVX) and Bitcoin private doesn't offer much more beyond this. +7. PIVX: As a fork of Dash, PIVX uses an advanced implementation of the Zerocoin protocol to provide it’s privacy. This is a form of zeroknowledge proofs, which allow users to spend ‘Zerocoins’ that have no link back to them. Unlike Zcash u have denominations in PIVX, so they can’t track users by their payment amount being equal to the amount of ‘minted’ coins, because everyone uses the same denominations. PIVX is also implementing Bulletproofs, just like Monero, and this will take care of arguably the biggest weakness of zeroknowledge protocols: the trusted setup. +8. Zcoin: PoW cryptocurrency. Private financial transactions, enabled by the Zerocoin Protocol. Zcoin is the first full implementation of the Zerocoin Protocol, which allows users to have complete privacy via Zero-Knowledge cryptographic proofs. +9. Enigma: +Monero is to Bitcoin what enigma is to Ethereum. Enigma is for making the data used in smart contracts private. More of a platform for dapps than a currency like Monero. Very promising. +10. Navcoin: +Like bitcoin but with added privacy and pos and 1,170 tps, but only because of very short 30 second block times. Though, privacy is optional, but aims to be more user friendly than Monero. However, doesn't really decide if it wants to be a privacy coin or not. Same as Zcash.Strong technology, non-shady team. + + + +##Market 5 - Currency Exchange Tool +Due to the sheer number of different cryptocurrencies, exchanging one currency for the other it still cumbersome. Further, merchants don’t want to deal with overcluttered options of accepting cryptocurrencies. This is where exchange tool like Req come in, which allow easy and simple exchange of currencies. + +1. Cryptonex: Fiat and currency exchange between various blockchain services, similar to REQ. +2. QASH: Qash is used to fuel its liquid platform which will be an exchange that will distribute their liquidity pool. Its product, the Worldbook is a multi-exchange order book that matches crypto to crypto, and crypto to fiat and the reverse across all currencies. E.g., someone is selling Bitcoin is USD on exchange1 not owned by Quoine and someone is buying Bitcoin in EURO on exchange 2 not owned by Quoine. They turned it on to test it a few months ago for an hour or so and their exchange was the top exchange in the world by 4x volume for the day because all Worldbook trades ran through it. Binance wants BNB to be used on their one exchange. Qash wants their QASH token embedded in all of their partners. +3. Kyber: network Exchange between cryptocurrencies, similar to REQ. Features automatic coin conversions for payments. Also offers payment tools for developers and a cryptocurrency wallet. +4. Achain: Building a boundless blockchain world like Req . +5. Centrality: Centrality is a decentralized market place for dapps that are all connected together on a blockchain-powered system. Centrality aims to allow businesses to work together using blockchain technology. With Centrality, startups can collaborate through shared acquisition of customers, data, merchants, and content. That shared acquisition occurs across the Centrality blockchain, which hosts a number of decentralized apps called Scenes. Companies can use CENTRA tokens to purchase Scenes for their app, then leverage the power of the Centrality ecosystem to quickly scale. Some of Centrality's top dapps are, Skoot, a travel experience marketplace that consists of a virtual companion designed for free independent travelers and inbound visitors, Belong, a marketplace and an employee engagement platform that seems at helping business provide rewards for employees, Merge, a smart travel app that acts as a time management system, Ushare, a transports application that works across rental cars, public transport, taxi services, electric bikes and more. All of these dapps are able to communicate with each other and exchange data through Centrality. +6. Bitshares: Exchange between cryptocurrencies. Noteworthy are the 1.5 second average block times and throughput potential of 100,000 transactions per second with currently 2,400 TPS having been proven. However, Bitshares had several Scam accusations in the past. +5. Loopring: A protocol that will enable higher liquidity between exchanges and personal wallets by pooling all orders sent to its network and fill these orders through the order books of multiple exchanges. When using Loopring, traders never have to deposit funds into an exchange to begin trading. Even with decentralized exchanges like Ether Delta, IDex, or Bitshares, you’d have to deposit your funds onto the platform, usually via an Ethereum smart contract. But with Loopring, funds always remain in user wallets and are never locked by orders. This gives you complete autonomy over your funds while trading, allowing you to cancel, trim, or increase an order before it is executed. +8. ZRX: Open standard for dapps. Open, permissionless protocol allowing for ERC20 tokens to be traded on the Ethereum blockchain. In 0x protocol, orders are transported off-chain, massively reducing gas costs and eliminating blockchain bloat. Relayers help broadcast orders and collect a fee each time they facilitate a trade. Anyone can build a relayer. + +##Market 6 - Gaming +With an industry size of $108B worldwide, Gaming is one of the largest markets in the world. For sure, cryptocurrencies will want to have a share of that pie. + +1. Storm: Mobile game currency on a platform with 9 million players. +2. Fun: A platform for casino operators to host trustless, provably-fair gambling through the use of smart contracts, as well as creating their own implementation of state channels for scalability. +4. Electroneum: Mobile game currency They have lots of technical problems, such as several 51% attacks +5. Wax: Marketplace to trade in-game items + +##Market 7 - Misc +There are various markets being tapped right now. They are all summed up under misc. + +1. OMG: +Omise is designed to enable financial services for people without bank accounts. It works worldwide and with both traditional money and cryptocurrencies. +2. Power ledger: +Australian blockchain-based cryptocurrency and energy trading platform that allows for decentralized selling and buying of renewable energy. Unique market and rather untapped market in the crypto space. +3. Populous: +Populous is a platform that connects business owners and invoice buyers without middlemen. Furthermore, it is a peer-to-peer (P2P) platform that uses blockchain to provide small and medium-sized enterprises (SMEs) a more efficient way to participate in invoice financing. Businesses can sell their outstanding invoices at a discount to quickly free up some cash. Invoice sellers get cash flow to fund their business and invoice buyers earn interest. +4. Monacoin: +The first Japanese cryptocurrency. Focused on micro-transactions and based on a popular internet meme of a type-written cat. This makes it similar to Dogecoin. Very niche, tiny market. +5. Revain: +Legitimizing reviews via the blockchain. Interesting concept, though market not as big. +3. Augur: Platform to forecast and make wagers on the outcome of real-world events (AKA decentralized predictions). Uses predictions for a “wisdom of the crowd” search engine. Not launched yet. +6. Substratum: +Revolutionzing hosting industry via per request billing as a decentralized internet hosting system. Uses a global network of private computers to create the free and open internet of the future. Participants earn cryptocurrency. Interesting concept. +7. Veritaseum: +Is supposed to be a peer to peer gateway, though it looks like very much like a scam. +8. TRON: +Tronix is looking to capitalize on ownership of internet data to content creators. However, they plagiarized their white paper, which is a no go. They apologized, so it needs to be seen how they will conduct themselves in the future. Extremely high market cap for not having a product, nor proof of concept. +9. Syscoin: +A cryptocurrency with a decentralized marketplace that lets people buy and sell products directly without third parties. Trying to remove middlemen like eBay and Amazon. +10. Hshare: +Most likely scam because of no code changes, most likely pump and dump scheme, dead community. +11. BAT: +An Ethereum-based token that can be exchanged between content creators, users, and advertisers. Decentralized ad-network that pays based on engagement and attention. +12. Dent: +Decentralizeed exchange of mobile data, enabling mobile data to be marketed, purchased or distributed, so that users can quickly buy or sell data from any user to another one. +13. Ncash: +End to end encrypted Identification system for retailers to better serve their customers . +14. Factom +Secure record-keeping system that allows companies to store their data directly on the Blockchain. The goal is to make records more transparent and trustworthy . + +##Market 8 - Social network +Web 2.0 is still going strong and Web 3.0 is not going to ignore it. There are several gaming tokens already out there and a few with decent traction already, such as Steem, which is Reddit with voting through money is a very interesting one. + +1. Mithril: +As users create content via social media, they will be rewarded for their contribution, the better the contribution, the more they will earn +2. Steem: +Like Reddit, but voting with money. Already launched product and Alexa rank 1,000 Thumbs up. +3. Rdd: Reddcoin makes the process of sending and receiving money fun and rewarding for everyone. Reddcoin is dedicated to one thing – tipping on social networks as a way to bring cryptocurrency awareness and experience to the general public. +12. Kin: +Token for the platform Kik. Kik has a massive user base of 400 million people. Replacing paying with FIAT with paying with KIN might get this token to mass adoption very quickly. + +##Market 9 - Fee token +Popular exchanges realized that they can make a few billion dollars more by launching their own token. Owning these tokens gives you a reduction of trading fees. Very handy and BNB (Binance Coin) has been one of the most resilient tokens, which have withstood most market drops over the last weeks and was among the very few coins that could show growth. + +1. BNB: Fee token for Binance +2. Gas: Not a Fee token for an exchange, but it is a dividend paid out on Neo and a currency that can be used to purchase services for dapps. +3. Kucoin: Fee token for Kucoin + +##Market 10 - Decentralized Data Storage +Currently, data storage happens with large companies or data centers that are prone to failure or losing data. Decentralized data storage makes loss of data almost impossible by distributing your files to numerous clients that hold tiny pieces of your data. Remember Torrents? Torrents use a peer-to-peer network. It is similar to that. Many users maintain copies of the same file, when someone wants a copy of that file, they send a request to the peer-to-peer network., users who have the file, known as seeds, send fragments of the file to the requester. The requester receives many fragments from many different seeds, and the torrent software recompiles these fragments to form the original file. + +1. Gbyte: +Byteball data is stored and ordered using directed acyclic graph (DAG) rather than blockchain. This allows all users to secure each other's data by referencing earlier data units created by other users, and also removes scalability limits common for blockchains, such as blocksize issue. +2. Siacoin: +Siacoin is decentralized storage platform. Distributes encrypted files to thousands of private users who get paid for renting out their disk space. Anybody with siacoins can rent storage from hosts on Sia. This is accomplish via "smart" storage contracts stored on the Sia blockchain. The smart contract provides a payment to the host only after the host has kept the file for a given amount of time. If the host loses the file, the host does not get paid. +3. Maidsafecoin: MaidSafe stands for Massive Array of Internet Disks, Secure Access for Everyone.Instead of working with data centers and servers that are common today and are vulnerable to data theft and monitoring, You can think of SAFE as a crowd-sourced internet. It’s an autonomous network that automatically sets prices and distributes data and rents out hard drive disk space with a Blockchain-based storage solutions.When you upload a file to the network, such as a photo, it will be broken into pieces, hashed, and encrypted. Then, redundant copies of the data are created as well so that if someone storing your file turns off their computer, you will still have access to your data. And don’t worry, even with pieces of your data on other people’s computers, they won’t be able to read them. You can earn MadeSafeCoins by participating in storing data pieces from the network on your computer and thus earning a Proof of Resource. +4. Storj: Storj aims to become a cloud storage platform that can’t be censored or monitored, or have downtime. Your files are encrypted, shredded into little pieces called 'shards', and stored in a decentralized network of computers around the globe. No one but you has a complete copy of your file, not even in an encrypted form. + +##Market 11 - Cloud computing +Obviously, renting computing power, one of the biggest emerging markets as of recent years, e.g. AWS and Digital Ocean, is also a service, which can be bought and managed via the blockchain. + +1. Golem: Allows easy use of Supercomputer in exchange for tokens. People worldwide can rent out their computers to the network and get paid for that service with Golem tokens. +2. Elf: Allows easy use of Cloud computing in exchange for tokens. + +##Market 12 - Stablecoin +Last but not least, there are 2 stablecoins that have established themselves within the market. A stable coin is a coin that wants to be independent of the volatility of the crypto markets. This has worked out pretty well for Maker and DGD, accomplished through a carefully diversified currency fund and backing each token by 1g or real gold respectively. DO NOT CONFUSE DGD AND MAKER with their STABLE COINS DGX and DAI. DGD and MAKER are volatile, because they are the companies of DGX and DAI. DGX and DAI are the stable coins. + +1. DGD: Platform of the Stablecoin DGX. Every DGX coin is backed by 1g of gold and make use proof of asset consensus. +2. Maker: Platform of the Stablecoin DAI that doesn't vary much in price through widespread and smart diversification of assets. +3. USDT: is no cryptocurrency really, but a replacement for dollar for trading After months of asking for proof of dollar backing, still no response from Tether. + +_________________________________________ +EDIT: Added a risk factor from 0 to 10. Significant scandals, mishaps, shady practices, questionable technology, increase the risk factor. Not having a product yet automatically means a risk factor of 6. Strong adoption and thus strong scrutiny or positive community lower the risk factor. + +EDIT2: Added a subjective potential factor from 0 to 10, where its overall potential and a small or big market cap is factored in. Bitcoin with lots of potential only gets a 9, because of its massive market cap, because if Bitcoin goes 10x, smaller coins go 100x. +New crypto exchanges can’t be trusted because they might be stealing your money and buying their own fake tokens with it which makes it really sketchy. They can manipulate the price and make more whenever they want. This allows them to use these fake tokens as collateral and print money out of thin air. + +Also, exchange tokens/coins aren't really worth anything and you should stick with the more established cryptos like BTC and ETH. These are dangerous times and people should be careful not to throw their money away on sketchy coins or tokens. + +The best thing to do is hold your own keys and use decentralized exchanges (Uniswap). Another option is to use an old, reliable centralized exchanges (Kraken) or platforms (Haru Invest) that doesn't have its own token and doesn’t practice . This means they aren't involved in any sketchy business practices. + +For wallets, if you have one, hopefully you have a Ledger or a Trezor or something similar. + +As always, DYOR and focus on the long term. Be smart and avoid exchange tokens. People should be careful and educate themselves about this stuff. +Hey guys, + +First of all, I know for a fact that a lot of you won’t agree with this, and that’s fine. I don’t claim this is the undisputed truth, because I know that a lot of people actually do trade for a living. And if you **truly** do, I have great admiration for you. + +I started trading pretty much exactly a year ago. Late September 2020. I had an old coworker who was in IML, and his posts on social media stuck interest in me. I didn’t join IML, but I started researching trading. Fast forward to December 2020 I remember being at a family gathering for the holidays, and feeling like all I wanted to do was trade, or get better at trading. I noticed I started to feel like a horse chasing a carrot on a stick, or a better analogy would be a mouse trying to get the cheese in a mouse trap. I ignored this feeling and kept learning, kept trading. In April 2021, I was still losing. I started backtesting heavily with algorithmic strategies after discovering NNFX. A couple months later, that still didn’t work for me because I couldn’t control my emotions. So then I started listening to Mark Douglas’ audiobooks on trading psychology and I still couldn’t manage to make a consistent profit over the long term. I play music, and I have a group of good friends who I just jam with once a week. I noticed that even with my best friends, doing what I loved, ALL I wanted to do was get better at trading. My vocal performance started to slide, and I couldn’t sing like I did before because I was so inside my head. + +Trading put me in such a deep, dark, obsessive and depressing hole. I totally understand that it’s ME and not trading. But maybe trading isn’t for me. I didn’t lose that much money as I kept going back and forth between small live accounts and demo accounts, but what I lost was my soul. Over the past 3 weeks I’ve been a lot more indifferent about trading, and it’s done me a lot of good. I feel like myself again. I think I’m finally going to have to throw in the towel. As much as it hurts to say, because I put everything I had into it, and wanted it to work out so badly. I’m still going to be investing in stocks, long term. But forex is brutal, and I know a lot of you are dealing with this same thing. But for me personally, I think it’s more worth it to get a decent paying trade job, put some money in an index fund, and maybe try some other forms of investment in the future. I have a goal of owning rental properties. I’ll probably still check in on here from time to time, but I’m most likely done with forex. + +I wish you all the best of luck, and thanks for reading. + +Sincerely, u/emopatriot +*eta some stuff at bottom of post* + +So I'm sitting in this hospital bed just waiting for the labor to progress. The reason I'm writing here, even though it's unfortunate I have to think about this at this time, is because I'm currently in a different state (united states citizen) from where I live/am employed- so I'm pretty sure my insurance isn't going to cover jack for this whole ordeal. I'm worried about just how much this bill will be. I've already told the doctor that if it is safe to do so I would like to leave asap (after the baby is delivered of course) to prevent further charges. I'm still considering not getting an epidural to save that cost as well, although mentally I'd much rather not feel any more pain with this nightmare. + + +I won't know just how much I'm facing for a while, but I'm sure its safe to assume we're looking at a lot, possibly 10k+? That's just a guess though. I wouldn't be shocked if it was well more, considering what US hospitals charge for everything. + + +I also have never planned a funeral. ...we were thinking cremation, and I'm sure the funeral home can give us a quote when the time comes. No seperate ceremony or anything. I hope it isn't too steep. + + +So, I guess I'm just wondering if anyone has any helpful advice with regards to saving a bit of money on these types of things and/or the best way to manage what will surely be quite the financial burden most effectively? Me and my husband are both employed, and I will definitely try to pick up as many shifts as possible extra (RN). My husband is a bit more limited since he's a professor/musician and where we live isn't the most happenin' place for him to pick up some decent gigs for extra cash. We have a mortgage and 3 kids at home so obviously those things are still a factor. + + +I'm just so lost... I guess I'm just hoping for some sort of guidance with this type of thing. Anything. I never thought I'd be in this position...and everything feels so crazy. I guess this is the only thing I might find answers for in this whole mess, and I sure would appreciate any advice. Thanks in advance for your time. + +** So while I was in labor, it obviously became much more painful and I just could not keep up with my replies. I was reading though, and I want everyone to know that I did read every single reply and I went back to the post to catch any replies that do not show up in my inbox. I will respond here. I'm not sure I can reply to everyone individually, as so many of you reached out- and I can't express enough thanks for that. +- many of you also have unfortunately had similar experiences and I'm so, so sorry for your loss. And thank you for allowing your experience to help another. + +**I did end up getting the epidural for thos who were concerned. I am still in the hospital, and the doctor will probably see me later this morning (I couldn't sleep much, It's 3:45am currently). + +**I put someone in charge of calling funeral homes, as so many of you had great suggestions with that and finding a place that could offer an at cost (and some places, free or close to it). Unfortunately/Apparently in this area only 2 places even accept stillborn babies, and 1 was about 2k before the urn and they told us you HAVE to buy at least some certain type of urn. Many of you have said that is not true, but this person did not argue with them, she just gathered the info. The other isn't much better, but apparently I don't have much choice either. I will call them tomorrow as I can manage a more stern demeanor when inquiring about specific things/dealing with ruthless upselling. + +**a kind redditor (and another looked up some more generalized info) who works in insurance actually extended a helping hand and is offering me some more personalized (without personal info) guidance, which is so nice and will hopefully lend some answers while we get to figuring out the nitty gritty of it all. + +**I've had a few troll messages, and if you are one please know that I'm an adult who knows when and how to ignore- luckily it doesn't get to me but I do hope you reconsider your actions when messaging others as they may not be as stable/prepared for such a thing, especially when dealing with profound tragedy. + +*I'm quite tired atm, so I will update again later. Thank you all for your help, suggestions, condolences, etc. Much love to you all. +A few days ago I proposed this idea to randomly buy in and hold until it gets to your desired percentage profit. + + It got downvoted to the ground, but I still coded it. + +[Here it is](https://pastebin.com/pB6kHxSm) + +Its sloppy because it's been tweaked a lot over time. + +It trades on Coinbase Pro + +Play with variables between lines 112 and 119. Feel free to ask questions +Looks like Robinhood couldn't handle the heat for more than 1 day into their 3 day AMA and deleted their AMA. They just removed their post after ignoring all questions that didn't ask about a crypto wallet, and even then, they refused to give a date as to when they would release a wallet. It's so weird that they would make an AMA if they weren't ready to answer the tough questions. All it did was further confirm that using their exchange is a terrible idea, especially after the GME fiasco + +Stay far far away from Robinhood and remember: not your keys, not your Crypto. + +[Here's a screenshot](http://imgur.com/a/nV7prcp) +So I grew up on Rice and Beans (and tortillas - Mexican parents and hella poor). + +I know that everyone on this sub recommends rice and beans all the time, so I thought I’d offer some ways to jazz the flavor for pennies, and make your life easier for cheap and save time too. Maybe common sense for some, but others may not know it. + + +Rice: + +Get a rice cooker! Make your life easy! Walmart sells $5-$10 ones that last for years. They are small, and you don’t even need a kitchen, just an outlet to make rice and other foods in it. You don’t need the fancy Asian ones that can turn into terminators. My little $8 one Lasted me through college and years beyond. The optimal rice to water ratio is for every cup of rice, 1.5 cups of water. Perfect rice in rice cooker every time. + +Flavor: +Add salt! +Add some garlic powder! +Add some kind of oil/fat! (Helps with the texture too) Butter for extra tastiness. + +Sometimes a dash of bouillon powder adds a Little flavor kick a la spanish rice. + +Don’t be afraid to throw cheap frozen or canned veggies (sometimes proteins) in for a quick and super easy way to cram your veggies in. (They will steam cook with no extra effort on your part just add a tiny dash more of water). + +Do the above for easy and better than plain rice! + +If you want to go a little asian flair, if you can get your hands on some Furikake (flavoring) powder of some kind, or even some cheap seaweed from the Asian supermarket, wrap your plain rice in it for a dash of cheap cheap flavor to help satisfy the hunger. + +———— + +Beans! + +While I am partial to black beans myself, white beans, kidney beans, even lentils could all benefit from the following. + +A la rice cooker, invest in those cheap and small slow cookers that Walmart sells around the holidays for $10, or find one at a thrift shop. Beans are just easier that way. Or a pressure cooker, or whatever works to save you the extra labor. + +Flavor: + +Take as much (metric fuck ton) onion as you can. Chop it up into bits. Then take a frying pan, or if you decided to just make it in a soup pot, into the soup pot with some oil (or lard if you want a nice kick of flavor). Grill up 3/4 of those those onions and then add the water and beans into your pot, or the grilled onions into the pressure/slow cooker. Add salt, and either fried or powder garlic to taste. If you want a wee kick feel free to add some crushed heat pepper of some kind (use those packets in your drawers people). Let those babies simmer simmer simmer! + +(For my friends who do eat pork, don’t be afraid to throw in the cheapest cuts of pork you can find - tails, knuckles, feet, bones etc. the meat will cook beautifully and the beans will soak up the flavor wonderfully - if you don’t eat pork, or can’t afford it... skip this) + +(If you have a can of tomato, feel free to add that in for a nice flavor profile change towards a chili - But not necessary) + +About 5 min before the beans are done, add the last bit of your onions and let it cook in for the last dash of flavor. + +Enjoy. Drink up the broth (especially if made with bones). Serve the broth over your rice. If you’ve got leftover beans, mash them up and fry them. + +Spread the beans on toast like hummus and sprinkle with cheese if you have it. Toasted this is the best (mollete) + +If you’ve got tortillas refried bean tacos. + +Good beans are delicious on any carb at hand. And the proteins keep you full. + +——- + + +I know there are lots of ways to spice this up further, but honestly onions, garlic and salt, and some kind of fat/oil are enough pantry staples to make even the simplest ingredient taste like a feast to a hungry belly. + +If you then have a little Siracha or hoard other flavor packets or fresh tomato or whatever even better. But sometimes you don’t, and you make do with the simple. + +I hope this helped at least one person to avoid bland rice and beans. + +I grew up eating rice and beans pretty much every single day for years and years and years, and never got sick of them. + +Tweak with what you’ve got too + +Edit: I kept it pretty simple and generic because sometimes some people can’t/don’t have access to a large pantry of spices. But def creep the comments for more tasty ideas :) +>According to the The Shiller price-to-earnings (P/E) ratio is a P/E ratio based on the average inflation-adjusted earnings from the previous 10 years. Over 150 years of history, the Shiller P/E ratio for the S&P 500 has a mean (average) of 16.8 and a median of 15.8. Right now, the Shiller S&P ratio for the S&P 500 is 34.5 -- more than double its historic average. [Source](https://www.fool.com/amp/investing/2021/01/18/the-stock-markets-telltale-crash-signal-is-back/) + + +&nbsp; + +>When looking back, there have only been five times in history where the S&P 500 has maintained a move above a P/E of 30: + + +&nbsp; + +**1929:** After the Black Tuesday crash, the iconic Dow Jones Industrial Average (DJINDICES:^DJI) went on to lose approximately 89% of its value. + +&nbsp; + +**1997-2000:** Before the dot-com bubble burst, the Shiller P/E ratio for the S&P 500 hit an all-time high of 44.2. Nearly half the value of the S&P 500 was wiped away after the dot-com bubble burst, with the Nasdaq Composite (NASDAQINDEX:^IXIC) hit even harder. +Q3 + +&nbsp; + +**2018:** Throughout much of the third quarter of 2018, the Shiller P/E ratio sat above 30. This was followed by a fourth quarter swoon that saw the S&P 500 lose as much as 19.8%. + +&nbsp; + +**Q4 2019/Q1 2020:** Prior to the coronavirus crash in the first quarter of 2020, the Shiller P/E ratio had, again, crossed above 30. The S&P 500 lost 34% in 33 calendar days during the COVID-19 chaos of February and March. + +&nbsp; + +**Q3 2020-Current:** To be determined. + +&nbsp; + + +>Historically, when the Shiller P/E ratio for the S&P 500 gets above 30, bad things happen. +Sorry if my thoughts seem a bit jumbled, I'm writing this as I think of things. + +Title doesn't begin to begin to explain the situation but here it goes: My grandparents like many people of their era purchase their house and my great grandparents house for $5 and a song back in the mid 1900s. They've paid off and maintained both houses pretty well and have been using one as a rental property for quite some time now. Fast forward to present day and my grandfather passes away in January and my Grandmother's health has taken a downward turn. I currently manage their rental property from out of state and pretty much all of the major financial dealings at this point. My grandmother has told me that she wouldn't mind transferring the properties into my name (joint ownership) if it would lower the tax bill once she passes. My questions are as follows + +&#x200B; + +1) Would it be beneficial to her estate planning to have both homes deeded for joint ownership? would that lower the taxes I would pay for once she passes? Would it be better (tax & investment wise if I started an LLC and asked her to transfer ownership to that? + +2) What do I do with the properties once she passes? I have a bunch of ideas here and I know it all depends on the deal but I wanted to get some real feedback from those more experienced than I with the following ideas: 1.Purchasing a row home in Washington, DC (where I live) and convert them into condos which I would then sell 2. Purchase a portfolio with larger cashflow potential ( more doors, higher end or multi-family) 3. bite the bullet, sell and plow all the money into a REIT. + +A little about me: + +Early 30s who works for the government making over $100,000 annually. low pressure job that is 50% remote so I have alot of time to dedicate towards investing and research. I would like to take this windfall, invest it and down the road whatever I end up with equal or exceed my current annual salary. ( Sorry if I am all over the place I just have so many ideas and I am trying to narrow down to a solid few good ones) + +&#x200B; + +Any and ALL advice is welcome! I am fairly new to real estate investing and am eager to hear about any resources anybody has out there that they are willing to share. +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? +I am thinking about buying a fourplex with an FHA loan and plan on living in one of the units for at least the first year while renting out the rest of the three units. This will be my first loan ever so I am a bit confused about the whole loan process in general. After that first mandatory year that I must live at the fourplex, I want to buy another fourplex or single-family house that I would need an additional loan for. How do people start out with these loans and then move on to having multiple loans like this, is it as simple as just having enough money for another 20% or so down payment for another property? Thank you in advance for any advice/comments and I will reply as quick as I can if I have any more questions, the reddit community is the best! +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 /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/ywAGqfUAQE). +**Update: The new members-only flair is now live. As a reminder, this is being done on a trial basis, and mods may take measures to limit the number of "Verified Members Only" posts. Please contact us via modmail if you wish to verify. Thresholds for US residents are $150K / year income or $1M in assets. We are also considering ways to verify based on formal and informal expertise. Thank you.** + +Based on feedback from several of our members, the mods are looking to trial out an optional 'Verified Members Only' post flair. When this flair is used, all comments posted by non-verified members would be removed by the auto-moderator. + +This approach is used by several other subreddits for a range of reasons, but generally it reduces the total number of comments while (hopefully) amplifying more relevant comments. This can be particularly valuable when discussing a sensitive topic which might otherwise draw judgment or harassment. Given the usual civil discourse in this sub and the value our members get from a wide range of opinions, we would hope for this flair to be used sparingly. + +We do expect that this may lead to a surge in interest in verification, and we will work through those requests as received. Most members opt to send in account screenshots - with names, account numbers and any other identifying information removed - via a private imgur link. However, we are willing to discuss other options as requested. + +This trial is tentatively scheduled to start on Monday, November 9th, and may ended or paused as needed. In the mean time, I would encourage our members to submit questions and feedback, either for or against this concept. You can do so by leaving comments on this post or via modmail. + +Thank you. + +**EDIT: For those inquiring, member flair for those on the path to FatFIRE starts at $150K in income or $1M in assets. That is not meant to define a threshold for FatFIRE itself - we do not have a set limit - however, these are the minimums needed to have your account verified at present. As mentioned, we are also open to discussing alternative proof on a case-by-case basis.** + +**EDIT 2: We are also looking for options on how to create a path to verification for those who have relevant expertise (formal or informal) but not necessarily a high level of wealth or income, and for those who do not want to share their financial details. We will be discussing this idea among the mods (and potentially among the already-verified users) but please let us know if you have suggestions.** + +**EDIT 3: For non-US members we will scale the income / assets by comparing median income from your country to the US. So if your country's median income is 75% of the US then you only need 75% of the income / assets. There will be an undisclosed minimum for international verifications, though again you can talk to us to discuss your own specific situation.** + +**Also, the intention is for 'Verified Members Only' threads to make up perhaps 5 - 10% of total posts, and we will look at methods to enforce this if necessary. This should be the exception, not the rule.** + +**Bottom line - I know some of you have serious concerns about this approach, and there is a reason why we are doing this as a trial before we fully commit.** +In the coming months and years, we all expect that Bitcoin will grow a great deal in value. One of the things that I think is standing it the way of its success is something that is only talked about rarely; how ridiculously awkward it is to describe the price of a relatively inexpensive item (say $10) in terms of a decimal in Bitcoin + +At current prices that $10 would be 0.00117647 BTC. Even worse that *looking* at that number is trying to verbalize it. Once Bitcoin hit $100, I think that the convention was ill-suited for everyday transactions due to it being the very definition of cumbersome to describe a price in BTC. + +For years I've argued that if we could just move the decimal to the right 8 decimal places, we could permanently do away with the confusion of 'Milibits" and leading zeros altogether. I'm not even going to get into the other HUGE issue of people's reluctance to invest thousands of dollars in something only to have shavings of that something rather than (at least) a unit of that thing. + +At this time Bitcoin needs an overhaul. This is what I propose: + +The decimal moves 8 places to the right, right now. That's it. The end. Now, look how nice and easy it is to work with pure Satoshi; + +When buying something *very* inexpensive such as a $1 candybar, you would describe the item for sale in Kilo-Satoshi (thousands of Satoshi), or 'kiloSat', or 'kSat', or possibly even 'kS'. + +So instead of listing a $1 candy bar as 0.00012000 BTC... which is unreadable and unsayable. You would instead list the item as... ready for this? "12 kS" (Twelve kilo-Sat when spoken out loud). "Yeah, the grocery store has a sale on candy bars. Three for 30 kS". + +The system I propose works equally well for very expensive items: + +At the current Bitcoin price, a brand-new, top of the line Mac-Book Pro ($2399.00) would be listed under this new convention as: 28,000 kS. A 2018 Honda Accord ($23,570)? Easy... that's 277,000,000 kS, or when spoken: "Two-Hundred and Seventy-Seven Million Kilo-Sat". Or if you prefer: 2.8 BTC. + +Another reason this naming convention is valuable, is because relative value is introduced as well. + +And should the bitcoin price rise, rise, and rise... then we will one day drop down to individual units of Satoshi in order to buy things like candy bars. Then it might be 3 candy bars for 50 Sat. + +Now, I understand that this is *never* going to happen to the software itself. This proposal is for the wallets of tomorrow to include this convention as a way of simplifying and making more accessible and attractive the use of this thing we all love. + +I welcome feedback. +**FINANCES**: I’m going to phone it in this year with the update. Check prior contributions to see more history if you don’t know what this is about. Spending “budget” was $43,866 (based on 2% of net worth at EOY 2020). Actual spending was $47,384 but with $11,133 passive income (stimulus checks and ebay sales), withdrawal was only $36,251. Our estimated net worth went from $1,333,772 (year zero) to $1,471,164 (year one) to $1,488,092 (year two) to $2,010,995 (year three) to $2,534,758 (current). Huge bump in year three was from being pre-gifted an inheritance worth $200k. Huge bump in year four was from the massive explosion in local real estate prices and strong stock performance – both are up 30% this year. I’m basically 50/50 in VTSAX and real estate at the moment. I plan to make some moves into bonds and commodities to help mitigate asteroid risk. + +**YEAR FOUR**: I stayed at home a lot over the past year due to the pandemic and followed politics closely. Wife and I have been volunteering with the Cornell University nest watch and bird feeder watch programs. I got back into running but not racing (except helping to pace friends on their own races). I do about 90 miles per week @ 7:15/mi, staying tired but pain free. I cycled for a little bit but grew tired of it. I spend more time with my wife just sitting and talking on the porch while we watch the birds. Most of my non-fiction reading has been on natural selection (Darwin, Dawkins, Coyne, Gould, etc.) and quantum mechanics (Susskind, Friedman, Feynman, Einstein, etc.) My fiction reading has been heavy on classic sci-fi (Asimov, Verne, Herbert, Heinlein, etc.) I’ve spent a lot of time collecting vintage Nintendo stuff, especially Nintendo Power magazines (I’m searching for my last one – the newsstand variant of issue 152 if you have it!). As for gaming, Diablo II, Persona 5 Strikers, and Ghost of Tsushima took most of my time. I watched the new Cosmos season and re-watched the Marx Brothers filmography recently. I made my first ever trip to the ER due to a kidney stone (thought I was dying). Our dog had to be put down. She was the closest thing I’ll ever have to a child. + +**YEAR FIVE**: I want to do less internet. I still want to learn to swim and move to triathlon. I want to volunteer more, listen to my multi-channel hi-res audio more, and make better use of my Criterion Channel subscription. We’re definitely making up for lost traveling. Second trip to Hawaii combined with third trip to Japan should be as soon as Japan will let us in. I’ll be picking up a Ford Transit Connect XL van (or something similar) soon for some cross-country driving, including a long-delayed three week trip thru California. I’d like to pick up some more acreage further out in the middle of nowhere and build an off-the-grid cabin with solar because the noise is starting to pick up with everyone moving to Middle TN. Just something simple to have as a getaway. I also see heavier philanthropy in the future if the market wants to stay this irrational. And yes, whatever the fuck I want. Ha ha. Okay, bye. +1. Describe how good you are through grades, mental agility, confidence, awards, or school/education? +2. How long have you been profitable using your algo? +I was checking my investments every couple hours like I usually do until I notice no data on one of my securities (PLI:TSX Prometic Life Sciences Inc.) + +I bought 1500 shares a while back when it was $0.03 cents. From then it slowly decreased to $0.01. I am invested in much larger stocks but this was just a “if it spikes” investment. It only costed me $45. I was gonna hold it for however long even if it meant I just lost the entire investment ($45). + +On July 5th, I check numerous websites and apps to find that PLI:TSX rose to $20.00 a share. Instantly I have a mini heart attack and flip out that a $45 dollar investment just turned into $30,000. + +1500 x 20 = $30,000 + +I check my bank and investment portfolio and find a portfolio value of $30,000. At this point, I couldn’t believe it as it was my first major investment. + +AND IT ALL CHANGES HERE... + +I do some research to find that the company preformed a reverse split to raise the share price. This reverse split was at a 1/1000 ratio. My 1500 shares that I owned became 1.5 shares at the new share price of $20. I refresh my bank account and investment portfolio to see that the stock value was only $30. + +I want to hear your interesting investment stories! Comment them below!! +* *Note*: This is primarily for the business owners in the sub. Though there's no way to limit responders +* *Note*: I realize that lots of lives were lost in the last year. This post doesn't minimize that. However, life goes on even in war. Fortunes are made (and lost), kids are born even as others die. +* *Note*: I've tried to avoid the minefield of the political response to the pandemic. It's often detrimental to most discourse. + +I came across a story a week ago about successes people had in the past year but were afraid to share IRL primarily because it's a little weird to dance in the streets during a pandemic. But, life continued and I'm curious to the impact of COVID (virus, response, markets etc.) on fatties, especially those that run a business. + +I run a construction business in the midwest. At the onset of COVID, I gave in to the panic as uncertainty loomed. Permit inspections stopped, stay at home order brought uncertainty. We applied for PPP (didn't get it), EIDL (didn't), then PPP came through. By May, there was clarity in the air and Jay Powell's monetary cannon had turned real-estate from a potential 2008-disaster-redux into a crazy boom. + +A year later, and we've had the best year in business. Can't complete projects before they get multiple bids. And the only price I've had to pay is lingering embarrassment. To me, reaching FatFI meant being able to weather any financial storm, yet at the first sign of one, I gave in to panic. Year 2 is starting equally strong, we really could use a break but it's quite gauche to complain about things being too good. + +What I've learned in all this, its hard to be truly FI when you have the livelihoods of other people in your hands. And this means that winding down operations (or sale) is now on the table as part of the Retire Early equation. + +That's quite a bit longer than I had planned to write. Curious about what others have experienced. +You damn dirty Silverback Apes. I had to work my ass off today. In the last 24 hours, I've identified 83.5 THOUSAND DRS'd shares. + +Just to give you an idea of how crazy today was, look at how it stands out from the last 30 days. + +[DRS Shares added to Portfolios by Day](https://preview.redd.it/akhooskx4iu71.png?width=1600&format=png&auto=webp&s=9d934b7b8519ebeb3f8d139a8dcd63585983fa98) + +But it's not really like there were that many more posts to Reddit than usual. + +[DRS Reddit posts by Day](https://preview.redd.it/9rb4ccv45iu71.png?width=1600&format=png&auto=webp&s=49b8445fd63f3d00b0139c678e774ee847eb756a) + +# So what does this mean? The goddamned silverbacks have jumped in the pool. + +We've seen anecdotal evidence that some brokers were sandbagging GME whales... + +# Want some more proof? + +Here is the distribution of X, XX, XXX, XXXX, and XXXXX Apes: + +[Ape Distribution as of today, 10\/19\/21](https://preview.redd.it/m8aa2mtr4iu71.png?width=1600&format=png&auto=webp&s=93cd1a360ff683c1e927d7ee4f465099c25cb826) + +But look at this shit, this is just 10 days ago: + +[Ape Distribution as of 10\/9\/21](https://preview.redd.it/boctcfcu5iu71.png?width=1600&format=png&auto=webp&s=18f1ae41a2b778c88762f1d37448d9af101612e4) + +Do you see what I see? The proportion of X to XX has changed quite a bit. My guess (and I think I'm right), is that a lot of our silverbacks opened CS accounts with a purchase and probably shared it to Reddit. Then as their broker transfers come through, my software will actually MOVE those records from X to XX. + +Can I quantify this? Well, if I spent some time writing code, yeah... but I don't want to do that. + +I do log when this happens, and lately I've been getting PAGES of this in the logs + +[ComputerShare Account compilation program output sample](https://preview.redd.it/1wxvyy1j6iu71.png?width=609&format=png&auto=webp&s=d73d8c634dcf57af4d9e99dac721467cf93f823d) + +&#x200B; + +But the REAL evidence is the crazy jump in Standard Deviation in the last 24 hours. + +Yesterday, std dev was 430. Today 730. 🤯 + +&#x200B; + +Anyway - the data is flowing out to [computershared.net](https://www.computershared.net/) now. + +# Enjoy! + +BUY HODL DRS + +&#x200B; + +EDIT 1: Just a reminder that this is not DRSbot. DRSbot is the work of other very talented and intrepid apes. See here for more information about this project: [https://www.reddit.com/user/jonpro03/comments/q7o6ra/drs\_infographics\_faqs/](https://www.reddit.com/user/jonpro03/comments/q7o6ra/drs_infographics_faqs/) +Just read a post about how the NFT marketplace will help companies like Nike and Rolex provide proven authentication for the products that they sell. IMO this thought process will eventually trickle down to everything that isn't a consumable good. + +Consumers will start to demand and be willing to pay a premium for all sorts of things knowing that if they ever decided to part with them, there will be a safe and secure way to sell these products and not have to worry about scams on sites like eBay or Amazon. + +Amazon will essentially be left for consumable goods like paper products. I know when I'm done with my toilet paper, no one needs to NFT that... + +Amazon will lose out on many sales as the brands of the products they carry will have to move to this new, high demand marketplace for authenticated products. +https://www.theinformation.com/articles/uber-in-talks-to-lead-170-million-lime-investment-at-lower-valuation + +> Uber is in talks to lead a $170 million financing in scooter rental firm Lime, whose business has dropped sharply amid the coronavirus pandemic, executives at the startup told investors last week. The potential deal would value Lime on paper at $510 million, after the proposed cash infusion, a 79% drop from its previous valuation. +> +> Uber already owns a minority stake in Lime, but the deal would significantly increase its share. As part of the proposed deal, Uber would transfer to Lime the bike and scooter business that the ride-hailing company purchased in 2018, called Jump. Uber would get the option to buy Lime between 2022 and 2024 at a specific price, and in the meantime Uber would feature Lime scooters more prominently in the Uber app. +Happy New Years. I turned my 100K into 87K returns this year, mostly swing trading, spreads, and some long-term LEAPs (covered calls) that I eventually sold. TSLA, SE, and CRWD probably were my best returns. I also made a lot of mistakes or left money on table as first year. I felt I did well managing/leveraging covered calls, got better at it because I typically buy .65 and .75 Delta and sale between .10 and .15 Delta (depending on bullish or my underline Delta position). I do have a long-term LEAP in AMZN 2023 that I'll eventually sale soon in 2021, just because of the size. I opened my RH and TOS accounts in May. This is my first year as a trader mostly just invested into 401K, Vanguard, etc. I would say I am not very good at day trading (shaky, weak hands but understanding charts better) and want to avoid that temptation as much as possible. I also have not traded NKLA, PLTR, NIO, or any other high IV stock. + +Going into new year 2021, I may change my philosophy slightly in terms of transitioning to 75-90% LEAPS and covered calls, so I built a worksheet with potentially returns. I feel going to LEAPS allows less managing of trades since I work and it's just more time-consuming, although I like to research and read a lot of twitter feeds and charts after hours. + +LEAP Spreadsheet:[https://docs.google.com/spreadsheets/d/1Ujf2u\_hrcx6ZPehhg558\_GfxUQhpN3cXGqBQnjII6OU/edit#gid=291469](https://docs.google.com/spreadsheets/d/1Ujf2u_hrcx6ZPehhg558_GfxUQhpN3cXGqBQnjII6OU/edit#gid=291469) + +Attached is QQQ at 25% IV with annual 12% annual return and SE at 56% IV at 25% (as an example stock) annual return with a scheduled 3 year LEAP to Dec 2023, stocks at moment only go to JAN 2023 but in comparison wanted to look at QQQ/SE at 3 years. Leveraging LEAPS allows my so-called stock buying power to be around 500K to 1mil in positions depending on IV. + +This is a worksheet that's basic enough, inputs are annual return rate and sale of covered calls ratio of return. I understand IV can change down the road for a particular stock however QQQ seems to always run about 25% historically. + +I do have a decent paying job, so I can take a somewhat of hit on downside or risk. My 2021 and continue yearly goal is to take part of my monthly salary and probably buy 1 LEAP every quarter. Also reinvest premium $$$ and turn those into swings or buy new LEAPs as well. + +1. Is it best to invest ALL into QQQ or mix it up a bit? If so what LEAPs would you consider or sectors? +2. Or is it best to continue do what I am doing, which is mostly swing trading with weekly/monthly spreads/diagonals. +3. Weekly covered calls are worth more however a bit more time-consuming. Would consider changing some to both weekly/monthly or even bi-weeklies. +4. If my underline is at 65% delta, typically generate a 8%-10% sale of weekly Delta. If higher that 70% generally 10% to 12% depending on bullish or not. I learned the hard-way not to be at 30% delta for gains plus of weekly Gamma. Also understanding IV and how that plays into weekly CC. +5. The biggest risk of course is having 3 years of negative returns (think 2000-2003) on LEAPs especially buying 200K worth. However using the spreadsheet, allows me to eek out small gains with covered weeklies. +6. If plan to go towards more LEAPs what percentage would that be on 200K, maybe 75% or 150K in LEAPS or slightly more? +7. Is it best to buy something at 75% Delta or 65% which in turn might allow a few more contracts? +8. Any flaws in my worksheet and calculations? +9. Biggest situation is TAXES: Long-term LEAPS should be at Capital Gains 15% while short-term gains will be taxed at my bracket of 24% and 32%. I am thinking the Long-Term LEAP will be taxed at 15% while the weekly premiums on the LEAP is short term gains. + +Thanks in advance.Paul + + +Backstory: Girlfriend and I lived together for several years, and bought our first home this past June. We didn’t need to buy any of the expensive purchases that someone moving out would (fridge, washer, dryer, tv, couch, etc.) and our house was relatively ready to go (new-ish house, no reno’s NEEDED but a few wanted). + +Before buying a house we were saving around $800 a week or more while paying rent. Since moving in: we have been constantly spending money on random items that improve our life or our home that we would have gone without before as we were trying to save for a home and have a good bank record. + +These purchases include things like: Wall-Art, New Tap for kitchen, new vacuum, new downlights, additional powerpoints, landscaping in backyard, generic tools for house maintenance, new desk, tv wall mounting, rugs, spot-cleaners, going out for dinners/drinks, outdoor furniture, floating shelves and soon to be air conditioning in master bedroom/solar panels etc. + +Almost none of the above feels like a waste of money to me, and a lot of it improves our house value or day-to-day living but I do miss seeing our bank account increase a lot, rather than a little. Did anybody else go through this post-purchase spending splurge? How long did it last? Do you put it down to not having a “goal”? +[**Nasdaq has proposed new rules to make it more difficult for some Chinese firms to list on its stock exchange.**](https://www.msn.com/en-xl/money/topstories/nasdaq-to-tighten-rules-amid-concerns-over-chinese-firms/ar-BB14hoY0) + +Its proposals would mean companies from certain nations would have to raise at least $25m ( or a quarter of their post-listing valuation to list. + +Tougher accounting rules will also apply for listings, which are called Initial Public Offerings. + +The risks to US investors are heightened when a company’s business is principally administered in a jurisdiction that has secrecy laws, blocking statutes, national security laws or other laws or regulations restricting access to information by regulators of US-listed companies in such jurisdiction,” Nasdaq said. + +Furthermore, Donald Trump said he was looking at Chinese companies that are listed on American stock exchanges but do not follow US accounting rules. + +&#x200B; +I planned on buying via loan. My agent told me I lost to a cash buyer who offered 15k less than me. I’m pretty mad but also curious + +1) How common is it for cash buyers to offer less? + +2) Does this mean to beat them that I should offer even higher? + +EDIT** Cash BUYER IN THE TITLE POST +I have \~£390k // 28.5 years left on my mortgage which I used to purchase my flat for £530k about 18 months ago. Unfortunately, in the time since then the building in which my flat resides has failed its EWS1 inspection, and millions of pounds of remedial work may be required on the building to remove cladding, balconies and insulation in order to make it mortgageable again. + +My natural instinct on the mortgage so far has been to overpay as much as I can, as regardless of the current "value" of the flat, I still owe the bank that money. However, I am also slightly concerned about pouring money into what is essentially a black hole when the possibility of selling the flat (and therefore reclaiming the money) is probably out the window for at least the next two years. There is also the worry that I may be asked to pay thousands of pounds towards the remedial work, although I already have a significant emergency fund which I believe would cover this. + +A further complication is that the fixed term on my mortgage expires in November, and although I believe I will be allowed to remortgage with the same provider on the same product without EWS1 certification, this also appears to be unclear. I don't want to ask my bank because I don't want to tell them the property is currently unmortgageable. + +Should I continue to overpay the mortgage, or would I be better saving/investing the potential overpayment elsewhere? +This NIO stock really seems like an amazing investment right now, but should I: + +1. Wait a couple days and see if expectations cool before buying? +2. Place an order and just buy immediately on Monday? + +I haven’t done much trading and I just don’t know what is good practice. I’m sure the price will skyrocket after NIO day +As the market looks to break new ATH’s today, I think that’s always a great moment to take stock. BTC has finally shattered through 60k, XRP has somehow added $40B to their market cap this past week even though they’re the hot dog of crypto, and DOGE is about to worth more than a dime. + +BSC in particular has seen a major influx of transactions and a huge infusion of capital into the system with BNB touching $600 from the sub-$300 it was just over a week ago. While I’m personally sitting pretty, which I hope the rest of you that have been around this bull run are as well, the question does start to creep in. + +**What is my exit strategy?** + +How will I actually realize my gains? What is my target number? Do I have any real strategy at all or am I just making this up as I go? + +If you’re lacking the answers to these questions, you might start wondering if all these new traders coming in, while not getting the same delicious price points you did, might find a way to flip the script on you. After all, new tools are developing everyday. Are you properly equipped to handle the new market? + +Whether you’re an old trader looking to keep your edge or a new trader clawing your way into the market, you’re in luck. **Bogged Tools is introducing limit sells today at 9pm UTC, an unbelievably missing feature for BSC, which will provide traders the ability to manage their exits.** + +That’s right, if you’re glued to your station desperately checking the price of a token because you’re looking to squeeze 5% more out of it before dumping on the market, wait no longer. Just set the limit sell and go off on your merry way, whether it be researching the next token to maximize your earning potential, or just to finally go get something to eat. + +And while Bogged Charts have been out for a while (not that long, but even a week is eternity on BSC) they’ve **never looked this good.** While Classic is still available for those of us nostalgic for the days when BSC was young, the new Bogged Charts, **released just yesterday,** clearly presents liquidity, states what % of the token is actually backed by liquidity (absolutely vital information, even if it’s often ignored) and finds liquidity pools for you stating the value of each LP token. + +If you’ve ever owned LP tokens, then you know just how much of an annoyance it can be finding the value of your LP tokens, so having this all in one place is extremely helpful. It’s clear the devs at BogTools understand what traders need to have the best chance of succeeding without wasting their time. \*\*\*\* + +**By compiling all of this into one easy hub which also allows for limit sells and, coming soon, stop losses, it’s easy to see Bogged Finance creating the ecosystem necessary for BSC to become more sophisticated than just a collection of animal coins.** + +With $BOG at a **$15M market cap** currently, there should be no reason this can’t move and establish itself as the dominant charting and trading tool in the market. After all, **PooCoin hit a $30M market cap** ***last night***\*.\* This is without having any sophisticated tools in development, a name that, while Bogged is a meme, could be seen as disrespectful to the space if they truly have long-term aspirations, and a fraction of the liquidity that Bogged has. + +Seriously, **PooCoin has a liquidity of $600k currently at a $23M market cap while Bogged has liquidity at $8M with a $17M market cap.** PooCoin could be obliterated by a couple of sales, while for Bogged, it simply cannot be done. + +This means less price volatility, so condolences to my swingie boiz out there, but in terms of actual sustainability and price projection, it couldn’t be clearer that this is where you should be. But, if you wanna set some limit sells tonight to play with the volatility of PooCoin, might not be a bad move. **I’d just make sure to get some Bogged first before people get wind of who’s really winning this competition, and before everyone sees how much they need limit sells and stop losses.** + +Because when this market turns around and we’re seeing all the scary bears out, you’ll be wondering why you didn’t sell the top, and worse, how you didn’t stop the losses as they were coming. In other words, start making a plan with Bogged, before all you find is yourself getting Bogged. The great forces that surround crypto deem this to be the only way. + +Website - [bogged.finance/](https://bogged.finance/) + +Telegram - [t.me/bogtools](https://t.me/bogtools) + +Bog Chart - [charts.bogged.finance/?token=0xd7b729ef857aa773f47d37088a1181bb3fbf0099](https://charts.bogged.finance/?token=0xd7b729ef857aa773f47d37088a1181bb3fbf0099) + +Pancakeswap - [exchange.pancakeswap.finance/#/swap?outputCurrency=0xd7b729ef857aa773f47d37088a1181bb3fbf0099&inputCurrency=BNB](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd7b729ef857aa773f47d37088a1181bb3fbf0099&inputCurrency=BNB) +*All the links necessary are provided in the end of post.* + +Hey fellow crypto maniacs this is Martin back again with another post. As I promised here is the **UPDATE** post about **$SYA.** In the previous post I mentioned why I think this project is really interesting and why I think its the next 1Billion dollar token. Now I am posting about the crazy numbers and milestones this awesome project achieved in such a short period of time. + +**$SYA LAUNCH** + +How would you define the perfect launch? I would say and I bet many of you will agree on this, if you didnt get rugpuled in the first hour you can call it success. $SYA hit **15 million USD** marketcap in a few minutes guys!!!. The current marketcap is 21 million USD (the charts are showing wrong number, twice as much because they didnt count the 50% burn). So much people were buying that in few hours we hit **10K wallets.** Now there is over **15K wallets.** If you compare **$SYA** to SafeMoon or Hoge Finance (I was pretty early in both of them) you will notice that the start is way better. The difference is huge. While SafeMoon had "shity" website with really bad designed logo ( I bet you probably dont even remember that one) the **$SYA** has working product **$SYA Radar** and website with all the info, huge **FAQ page** with alot of answers. Interactive Whitepaper no other project has, and they even added page with **VIDEO TUTORIAL** how to claim tokens via **$SYA Radar**. The project is getting hundred of new wallets every hour which is insane. Which project had similar start? NONE + +**This Friday, $SYA will be donating $350k to a charitable organization in an effort to improve the world. This is $SYA CHERRY FRIDAY and we are making difference. Majority of the community has voted on "NO HUNGER"** + +There are many "charity" tokens created everyday. They claim to give money on Pandas, Lamas, Papas to everyone :D. In the end they manage to give only couple of hundred dollars...maybe thousands even when they have crazy taxing numbers and huge marketcaps. **$SYA** is not like that. **$SYA** is all about the building products but still community voted they want to give 1% from all transactions to charities and help to make difference in world. And the amount of money is actually **CRAZY HIGH 350thousand of US dollars.** No more hungry people in the world anymore? + + **Transparent/DOXXED Team** + +[Check out @lamine](https://flooz.link/lamine) [https://www.instagram.com/lamine23/](https://www.instagram.com/lamine23/) + +[Check out @dalendesign](https://flooz.link/dalendesign) [https://www.instagram.com/dalendesign](https://www.instagram.com/dalendesign) + +Both have FinTech Experience & Recognition ([Forbes 30u30](https://www.forbes.com/pictures/mfg45jmhh/lamine-cheloufi-26-gar/?sh=62c9022b26c9)) and are the leading designers, marketers and engineers behind N26, Cookies, Klarna and other banks. All decisions have been voted on by the community and are transparently shared in the [Public database](https://www.notion.so/Public-database-67d08aac5ffa49b289deb1e59c2623d1). + +Also, blockchain-devs, Nasdaq It-guy and a pr-guy. + + **INFLUENCER ALREADY ON BOARD.** No, not the kind of paid shit youtuber that does everything for a thousand bucks. I mean **REAL** Influencer with over **1 million followers!** + +**What is the $SYA goal?** + +**$SYA** wants to make CRYPTO accessible for masses. If you bought any tokens recently you know the drill. Register on exchange, deposit real money, buy BNBs...create MetaMask or Trustwallet. Transfer BNBs, go to Pancake ......you need to make like "zillion" of steps to actually obtain the token. Well $SYA wants to change that. They want to get rid of the **CHAOS in CRYPTO. The $SYA Radar is the core part of the solution.** The devs want to make it into **WALLET** similar to MetaMask or Trustwallet but fully reworked to make it as easy as possible with all details about BURN and price changes, holders info and transaction history and even more crazy stuff (visit [$SYA](https://flooz.link/sya) website for more info) + +**If you get through the post I want to THANK YOU for your time :D stay safe and take care mates!** + +**LINKS:** + +[Webiste](https://flooz.link/sya) + +[Interactive Whitepaper](https://www.notion.so/SYA-Interactive-White-paper-347d91767166432987eaebd619f5c7f2) + +[Charts](https://charts.bogged.finance/?token=0x83A86adf1a7c56e77d36d585B808052e0a2aAD0e) + +[BSCscan for Contract](https://bscscan.com/token/0x83A86adf1a7c56e77d36d585B808052e0a2aAD0e#balances) + +[Telegram](https://t.me/SYA_HQ) + +[Twitter](https://twitter.com/sya_protocol) + +[Instagram](https://www.instagram.com/syaprotocol/) +Sorry for the noob question, but instead of setting a take profit, why not set a trailing stop? Won't you get all the risk management while allowing winners to run? + +Edit: Thanks for all the feedback guys! Lots of very good points, and learned A LOT from this one post as a new "trader". +This is a question Tim Ferriss asks when learning new skills. What are your thoughts on this? Additionally if you only had 1 hour every day to trade/learn forex, what would you spend it doing? +Hello UKPF, hopefully you can help. + +I work for a government owned company in a role I enjoy. The company is employing more people to work in the same role as myself. The job advert is word for word my job description, experience and title...except for £10k more than what me and my current colleagues are earning. + +We’ve all applied (to see what would happen) and have subsequently been rejected. At first, we were told we’d “answered a question incorrectly”. When challenged, HR confirmed it was actually because we are already in this role. + +When I queried why I wasn’t receiving equal pay for equal work, HR acknowledged that there are some pay disparities company wide that they are looking into, “but there is no timescale to resolve this”. + +I feel undervalued and frustrated. Do you have any advice outside of continuing to escalate with HR? Many thanks for reading. +>GameStop was going out of business and we have proof the stock was naked shorted with Finra stating a figure ~230%. It’s obvious that big institutions tried to maximize profits by betting, with A LOT of over leveraging, that GameStop would go bankrupt. + +>During the Jan-Feb run up we had mass collusion amongst clearing houses and brokerages cutting off buying with conflicting testimonies as to why; one live on air from Thomas Petterfy saying if GME went above $1,000 it would become a contagion event. + +>Almost exactly when the reported short interest dropped we had extremely sus options chain activity with an extreme amount of way OTM puts and ITM calls; a specific type of behavior that could be deployed to successfully hide short interest. + +>We’ve had quite a substantial amount of DTCC and NSCC regulatory filings passed in such a relatively short amount of time. + +>We’ve had mainstream media relentlessly post extremely biased and negative rhetoric in the face of very positive news for GameStop Corp. + +>There’s been heavy acceleration in collateral types with almost daily records in reverse repurchase agreements and massive sell offs in crypto. + +>Various ETFs that contain GME were heavily shorted along with the entire Russell 2000. + +>Glitches upon glitches upon glitches unique to GME. + +These are just the examples I can think of off the top of my head. To me, it’s quite clear that large institutions who were and still are short on GME didn’t cover. It’s obvious because if they did, the cascade effect would have caused a contagion event as postulated by multiple sources and that hasn’t happened. From a game theoretical standpoint, the incentive for shorts in a massively losing position is to never cover and prolong the process so as to evade either losing big or complete liquidation. So why would you think that the ~230% short interest was successfully covered? + +Keep in mind, this isn’t even factoring in other macro-economical hypotheses of market wide problems which affect GME indirectly or all the evidence of buying pressure being suppressed. I mean for Christ sake, the president of the NYSE admitted that dark pools exclude ~70% of all investors and fucks with price discovery by breaking the relationship between supply and demand. Idk man, something something, if it quacks like a duck.. +I don't think you need much foreplay before we dive in. + +&#x200B; + +All data was taken from the FINRA OTC Transparency Website + +[https://otctransparency.finra.org/otctransparency/OtcIssueData](https://otctransparency.finra.org/otctransparency/OtcIssueData) + +Here's a summary table for the data. + +# 69 Week OTC Trading Totals (September 28, 2020 - January 21, 2022) + +[69 Week OTC Summary](https://preview.redd.it/kw057v42mnh81.png?width=1509&format=png&auto=webp&s=c6d73fe997398cd863e0967fc5f9d900e22b53dd) + +**Citadel** leads the way with **711.5 million shares** and made **10.439 million trades**. They've traded 39.9% of our precious shares and accounted for **29.7%** of all GME OTC trades. + +**Virtu** has been reverberating across the sub over the past few days, which was part of my inspiration for this post. They have traded 557.4 million shares and made 8.4 million trades. They accounted for 31.26% of the shares traded OTC and made 24.01% of all GME OTC trades. + +**G1 Execution** is third on the list, having traded 206.1 million shares and made 3.59 million trades. They accounted for over 11.56% of all shares traded and 10.21% of all GME OTC trades. + +**Jane Street** and **Two Sigma** both traded over 63 million shares. Two Sigma made a lot more trades 2.62 million, while Jane Street made 1.58 million trades. + +**Wolverine** was very active in the GME OTC marketplace until the week of 3/8/2021 when they mysteriously fell off the OTC landscape. Based on their 13F, they sold all of their shares and dipped. Perhaps they are smarter than we made them out to be... + +**Robinhood** made the third most OTC trades at **6.47 million trades** with **6.49 million shares**, despite first entering the GME OTC in **January 2021** (no previous OTC trades September 2020 - December 2020). Not only did they come arrive to the OTC late, they proceeded to Cook Their January and February books as late as August 2021. + +1. [RH January OTC Book Cooking](https://www.reddit.com/r/Superstonk/comments/p4w9hq/january_gme_otc_trades_increased_by_32_last_week/) +2. [RH February OTC Book Cooking](https://www.reddit.com/r/Superstonk/comments/pbhj00/the_crooks_keep_cookin_like_nobody_is_lookin/) + +But it likely wasn't enough to keep this rocket on the ground once all the apes realized how fraudulent they truly are and migrated away. + +They were losing control of the cycles in June and August 2021 (see peak in shares/trade in August) + +Apes are DRSing, they're losing their grip, RH's market share for trades had dropped to below 13-17%... from high's of 28% over the week of 1/25/21, 24.22% on 2/22/21, and 25.77% on 3/8/21. + +In comes Drivewealth, LLC in October 2021. They have traded 233,043 shares 233,043 times, for a shares/trade of exactly 1.00. + +# Point72 and Fidelity sponsoring Drivewealth + +[ Interesting timing for this influx of funding and joining the OTC marketplace ](https://preview.redd.it/kzsnb63tkph81.png?width=930&format=png&auto=webp&s=e9717ac2c470441cadcea3ed3b1317bcbd520c69) + +&#x200B; + +# Let's step back and take a look at the Weekly Trends. + +# 69 Week GME OTC Shares + +[A lot of action in October 2020, which was second only to the January and February 2021 run-ups.](https://preview.redd.it/tz0yiu9dpnh81.png?width=3179&format=png&auto=webp&s=ca85050a092eaa0e96203f60d0be2d1861cfbd7e) + +# 69 Week Weekly OTC Trades + +[The spring is getting tighter...](https://preview.redd.it/obdu7c8fdph81.png?width=2791&format=png&auto=webp&s=22a42fd33d5b6c1ef7a29106f0b067c0d0005a2d) + +&#x200B; + +# GME OTC Weekly Shares/Trade + +[GME has been under 50 shares\/trade in 47 of the past 48 weeks](https://preview.redd.it/ki16gyf7unh81.png?width=3123&format=png&auto=webp&s=412544ab6a0d1db760685eb9d56f28ff51dc35d1) + +&#x200B; + +GME has been **under 50 shares/trade** in 47 of the past 48 weeks. + +The only time it wasn't was the week of 8/23, where we had a $67 range in the share price, but still managed to end the week down $42.57. + +In fact, the shares/trade OTC has been **under 20.00** in 3 of the past 23 weeks... + +1. Week of 8/16, just before the run-up the following week. +2. Week of 10/4, right when Drivewealth LLC started trading GME OTC. +3. Week of 11/29, only 27% of weekly volume was routed OTC, and we finished +$31.61 on the week. + +# How does that compare to other stocks? + +[Seems Idiosyncratic to me](https://preview.redd.it/zplcz5yzjoh81.png?width=2016&format=png&auto=webp&s=3e3a27f088c41cc33631f002d25fcb8a918f059d) + +# Okay, so that's a lot of data about OTC Trading, but why does it even matter? + +I'd like to take you back to Dave Lauer's AMA with u/jsmar18 on **Cinco de Mayo 2021**. + +Here is a link to the AMA Summary: [https://www.reddit.com/r/Superstonk/comments/n7295i/david\_lauer\_ama\_transcript\_summary\_22/](https://www.reddit.com/r/Superstonk/comments/n7295i/david_lauer_ama_transcript_summary_22/) + +Here's a link to the video: + +[https://youtu.be/AYct0XX0uTU?t=2943](https://youtu.be/AYct0XX0uTU?t=2943) + +Dave and u/jsmar18 start talking about PFOF at around the 45:50 mark and continue talking about OTC through **55:00.** + +Well worth a 10 minute listen! + +I linked to the 49:03 minute mark where he begins talking about Citadel and Virtu, Dark Pools vs. Internalizers. + +&#x200B; + +**OTC** = Internalizers + +**ATS** = Dark Pools + +&#x200B; + +# From Dave Lauer's AMA in May 2021: + +https://preview.redd.it/atg5dsh7qnh81.png?width=3840&format=png&auto=webp&s=6e17028b2568dc7929b541f2012b1614baed99bf + +89% OTC in November 2020 vs 87% OTC in March 2021 + +So of the volume **traded off-exchange**, **87%** is being internalized to the **OTC** participants, Citadel, Virtu, G1 Execution, Robinhood, Drivewealth, Jane Street, Two Sigma, etc. + +&#x200B; + +As he said during his AMA: + +* "What I wanted to show was even though nothing has changed much in terms of where the trading is taking place, even a little less OTC but that's probably just normal statistical noise. +* What *has changed* is **who's trading** on the OTC market." + +&#x200B; + +&#x200B; + +# Who is Trading OTC? Citadel > Virtu > G1 Execution + +[Virtu started increasing their OTC trading in February 2021, taking some of the market share from Citadel](https://preview.redd.it/cpfdakl6xnh81.png?width=3835&format=png&auto=webp&s=6c2d83f3e42ec7c2467cb81f0ba1f4d84933f07b) + +Again from the [AMA transcript:](https://www.reddit.com/r/Superstonk/comments/n7295i/david_lauer_ama_transcript_summary_22/) + +* Dave Lauer + * "**So in November (2020), it was predominantly Citadel with a little Virtu and an even little more G1X** + * **This is market share, you can see that accounts for almost 85% of all OTC trading, and the rest is a bunch of smaller internalizers** + * And then it peaked for Citadel in January + * But what we've seen since then is actually **Citadel’s** market share in GME has dropped significantly and so has **G1X**, and **Virtu has really taken over** + * At the same time, the average trade size that's being executed OTC has *plummeted*. + * **This was honestly really astonishing to me.** + * I guess this is probably the Robinhood effect or the retail effect. + * But you can see in December, the average trade size for Citadel was relatively high, it was around 350 shares and for Virtu it was around 200, and a little over 250 overall. + * **And since then in January, I mean, these, these** ***dropped to under like 40 shares average trade size***\*\*.\*\* That was really shocking to me. + * Part of that has been the price increase, absolutely. + * But at the same time like an average trade size of **40 shares is extremely small.** I don't know what to make of it necessarily but I thought it was an interesting sort of data point to highlight. I just wanted to show that." + +# + +# If Dave is astonished, it must be noteworthy. + +&#x200B; + +Well let's take a peek at the Monthly OTC trends since he pointed this out and compare it to the Entire OTC (including GME) for these OTC participants: + +[Not getting any closer to the OTC average as we move forward...](https://preview.redd.it/ekrd143q6oh81.png?width=2016&format=png&auto=webp&s=15d4fe5c100e5a4a1f0c334ce3e524f81d71ee7d) + +&#x200B; + +And here's the data table. + +[GME shares\/trade has been under 40 in every month since January 2021, yet the OTC shares\/trade for these participants, which includes GME, has never been below 250...](https://preview.redd.it/zzmint757oh81.png?width=453&format=png&auto=webp&s=a600dd9eaa43188838c631160bd412528b5ee0e3) + +# Putting it all together: + +[OTC shares traded have decreased, yet OTC trades have increased, causing the GME shares\/trade to \\"plummet\\", as Dave said](https://preview.redd.it/tsj6nwsccoh81.png?width=2710&format=png&auto=webp&s=5a72f125cc1d11f98fab7c8d998a93fbd6c5c633) + +&#x200B; + +# Back to the Summary data table: + +https://preview.redd.it/90ewxfxiyoh81.png?width=1509&format=png&auto=webp&s=98922ddc5a2e87080730e93e80af08adc4d170c7 + +&#x200B; + +&#x200B; + +**Appendix:** + +The Data (all from FINRA OTC Transparency website) + +[Part 1](https://preview.redd.it/4jj1vte9doh81.png?width=2493&format=png&auto=webp&s=5207a0bd9c9367afc40f651f38fa9798c6d5758a) + +[Part 2](https://preview.redd.it/d6wijev2eoh81.png?width=2495&format=png&auto=webp&s=3837c484251a659acf445e82900eb17978289578) + +# The High Frequency Traders + +https://preview.redd.it/gma5lys44ph81.png?width=1448&format=png&auto=webp&s=5fc620393f66c7a71aa761a7fe9f86c9674f3f55 + +&#x200B; + +# 52 Week Data + +[52 Week Data](https://preview.redd.it/k7c87cgj3ph81.png?width=632&format=png&auto=webp&s=26b16cebccdccf5ec5f18abc9d31d12d2b0da06b) + +&#x200B; + +# TLDR: + +* These MFers traded over 4.450 billion GME shares over the past 69 weeks. +* Over 47% of that (2.093 billion) was off-exchange (OTC or ATS). +* Over 85% of that (1.783 billion) was internalized and traded OTC by these financial criminals listed above. +* If Virtu's house is falling down, hopefully it brings the rest of the house with it. +* RC has been HODLing the announcement for a special occasion. + +&#x200B; + +If you made it this far, here's a little more data to dive into: + +[The OTC Conspiracy](https://www.reddit.com/r/Superstonk/comments/oejtty/the_otc_conspiracy_gme_idiosyncrasies_and_the/) + +My Last Post - [52 Week Data Dive](https://www.reddit.com/r/Superstonk/comments/s7d7po/36_billion_gme_shares_were_traded_over_the_past/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&utm_term=link) + +Buy, HODL, DRS, and Buckle Up! +With all this FUD I sometimes forget. I doubt a little. + +Been looking at Steemit for example. Maybe buy some Steem? + +So I spend some hours looking around, thinking, researching, comparing etc. + +I just cant do it. ETH is just to valuable to me. There isnt anything like it, not even close. Its crypto 2.0 + +My crypto holdings are 99%+ ETH. Rest is mostly BTC for practical purposes. + +Aint selling my ETH. Period. +I have been running a small (3-4 employee) home renovation company in Austin Texas for the last several years and used it as a stepping stone to getting into real estate investing. The market is insane here and competition from house flippers tough. + +I have good credit, good income, and low loans but still it seems that to buy in town anywhere, you’re looking at 300k+ for a fixer upper. I’m not against this but I was curious what the major setbacks would be from just attempting to build a small 2 bedroom home myself, or potentially even a duplex. I have an engineering degree, my brother is an architect, and I’ve gotten a decent bit of experience from running my company. + +Any advice would be greatly appreciated. +For a little bit of context, I'm a Data Scientist by trade so I'm all about the power of data and the possibilities that machine learning (and then AI) can present. I am very experienced in building python ML models for finance e.g debt forecasting, so it has not been much of a stretch to migrate over to a trading ML model. + +I've been day-trading at a high level for around 2 years now, using an established indicator structure I found worked well on trading view as well as a few 'gut-feel' punts. Over the 2 years I've grown my portfolio from around 11K to around 100K, which is great, but could have been into the millions had I not closed some crazy opportunistic positions prematurely (notably GBPvUSD circa April '20). I use mixed out leverage (300:1), as in addition to these funds I have other cash reserves and previously worked as an intra-day gas storage trader so qualify for 'professional privileges'. + +Onto the model itself; it ran for one day on Friday and had returns of 5% which was incredibly positive. I'm going to leave it hooked up to the OANDA API for a month, with looping trades every 5 minutes and backtest efficacy after this. + +MACHINE LEARNING strategy; + +For ML strategy, I used an ensemble approach, with underlying layers of random forest, neural network, xgboost, sentiment analysis, clustering and k-nearest neighbour. I run the code on a perpetual loop to identify criteria which match the buy/sell parameters and then the bot makes the update appropriately through the API. + +The primary input datapoints are indicators (Fibonacci retracement for support levels, RSI, EMA, MACD, stochastic oscillator, Bollinger bands), plus historic prices, movement over time etc. It is an ensemble build with layers of random forest, neural network, xgboost, sentiment analysis, clustering and k-nearest neighbour. + +First step is to understanding the correlations and relationships between variances in these indicators (different time period, combined with other indicators), to establish somewhat of a correlation relationship between indicators and stock price movement within 5 time periods (1, 5, 15, 30, 1hr , day). Then draw out most efficacious indicator combinations for buy/sell conditions and tag on ML iterative improvement capability, as well as ongoing outputs of ‘best setup’ running profit. The first output so to speak is regression analysis of indicators vs % movement in stock price within x time. In this way you could classify this is a regression model approach overall. + +I plan to use a 5% trailing stop clause for risk mitigation and ultimately hope to be able to clear £5K per day and just allow the bot to run and do its thing. + +Side note:- the best time to trade is immediately following american markets opening at 3.00pm. Here you will find extreme swings, volatility and the opportunity to grab £20K in under 30s. + +Hope this goes some way to inspire others that it can be done with hard work, educating yourself and self-discipline around goals and outcomes. I plan to retire at 40 and am on track for that currently. + +&#x200B; + +[Trading212 funds last 2 years](https://preview.redd.it/cnxjdn0mksl81.png?width=1248&format=png&auto=webp&s=9acf1d2c56c11bc3bda2c9fa851560c80d35f83d) +I have a bowl containing 100 loose strings. We randomly pick two ends from the bowl and tie them together, continuing until there are no ends left to tie. What are the expected number loops when we finish? + +P.S. let me know in the comments if you'd like me to post more brain teasers / probability questions like this. I have a huge stack of them from old quant trading interviews! + +**\[SOLUTION\] - Spoiler Alert!** + +Congratulations to everyone who got the correct answer:1 + 1/3 + 1/5 + 1/7 + ... + 1/199, which is approx 3.28 loops + +This problem has recursion written all over it - how can we turn a problem about k strings into a problem about (k-1) strings. See the below whiteboard write up with commentary (which is the same approach used by [thebush007](https://www.reddit.com/user/thebush007/)) + +https://preview.redd.it/pl8wobprwuv51.jpg?width=2957&format=pjpg&auto=webp&s=7a726e2cdaf0c5912b33b424030b052c848db413 + +**Commentary:** Let E\_k denote the expected number of loops obtained with k strings. We start by picking one end. The next end we pick will be the same string with probability 1/(2k-1) and another string with probability (2k-2)/(2k-1). In the first case we obtain 1 loop and are left with (k-1) remaining strings that need to be tied. In the second case we obtain no loops and also left with (k-1) remaining strings. +I'm not a large whale, just a small guy who got lucky. I jumped into GME in October after reading all the DD I could (thank you DFV, Rod on twitter and many others!). I got serious with my positions in November 2020 and have now developed a condition known only as 'diamond-hands.' + +I've crossed out the shares / position-identifying attributes. + +Just know that in THIS account alone, I've got $1M+ riding on GME. + +PS. I have almost the same amount invested via retirement / 401k so holding for a decade doesn't scare me. Kenny boy, does it scare you? + +&#x200B; + +&#x200B; + +https://preview.redd.it/o6kl1d8818z61.png?width=630&format=png&auto=webp&s=f7098168080b7e7b57722b58d0e2ecadfc799a14 +NASA: Not Another Shit Altcoin | Huge Partnership Announced | Rug Pull Relief Fund in Full Swing | 250K MC Hidden Gem - Moonshot Potential + +We bet you didn’t see this cumming 🤭. NASA Token has just teamed up with CUMROCKET to create for them their very own, exclusive Not Another Shit Altcoin NFT. Our NFT’s bring something unique to the table, an angle not yet explored in crypto. + +Both parties involved stand to gain from the partnership, with one possessing an NFT that can be sold to raise funds for development or marketing purposes and NASA benefiting from the additional exposure leading to more partnerships and opportunities for us in the future. + +But we’re not done there. NFT’s are just ONE of our many potential use cases for NASA. In addition to this, we’ve had a number of nastronauts apply for the Rug Pull Relief Fund and we’re pleased to announce that we have approved several applicants with many more to come on the horizon. + +&#x200B; + +Our NASA Auditing Service project has been progressing nicely, we’re on the cusp of revealing the report of our first audited token which again will only make NASA more valuable in the eyes of the general investor. + +Other developments underway at NASA Mission Control include: our own dedicated app where users can review their tokenomics accumulation, CMC listing, countless exchanges applied for with many approved, partnerships with multiple respected crypto influencers in progress and much much more! + +NASA has survived many dips and crashes over its very short lifespan all the while many around us have crumbled. This is a testament to our team's relentless perseverance as well as our community of dedicated, resilient holders. Our time is long overdue, soon the world will recognize that NASA is Not Another Shit Altcoin. + +&#x200B; + +Become a Nastronaut today!👩‍🚀🚀👨‍🚀 + +🌐Website : [https://www.nasatoken.net](https://www.nasatoken.net) + +🥞Pancake Swap : [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x70cf8d40a3d0f7bc88077ba7d103050d0001a653](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x70cf8d40a3d0f7bc88077ba7d103050d0001a653) + +📄Contract : 0x70CF8d40A3D0F7BC88077Ba7D103050d0001A653 + +🏛️BSCscan : [https://bscscan.com/address/0x70CF8d40A3D0F7BC88077Ba7D103050d0001A653](https://bscscan.com/address/0x70CF8d40A3D0F7BC88077Ba7D103050d0001A653) + +🗯Telegram : [https://t.me/officialnasatoken](https://t.me/officialnasatoken) + +💬Discord : [https://discord.gg/4qhbm6MzpN](https://discord.gg/4qhbm6MzpN) + +📣Twitter : [https://mobile.twitter.com/NASAtoken](https://mobile.twitter.com/NASAtoken) + +📷Instagram : [https://instagram.com/nasatoken?utm\_medium=copy\_link](https://instagram.com/nasatoken?utm_medium=copy_link) +I've been around WSB now for about 5 years, mostly as a lurker. I eventually created a reddit account but even then took a while to actually join the sub rather than just lurk. So I was here for a good number of the "fun" moments of the last few years. The box spreads that "literally can't go tits up". Everyone piling on puts on snapchat. Good 'ol Su Bae. The great paper trading competition of 2019. The ousting of "he who shall not be named" (the automod removed my post for mentioning his name). Etcetera, etcetera... But this will be my first post. + +Over the last week and especially the last 24 hours, I've seen a LOT of comments in the pinned threads lamenting the fact that WSB is forever changed and that it's time for another paper trading competition. I want to speak to that for a moment and if the mods would be so kind as to keep this post up I'd be very grateful. + +First of all, yes, WSB has changed, but that's a *good thing.* You know who else doesn't want change? The hedge funds, and Wall Street. The whole point of this thing that is happening IS CHANGE. The fact that the world is standing to attention right now says something about this is real and that is much more important than being able to remove some noobs because their IQ is too high. + +Even worse than the comments calling for noobs to be eliminated, I've seen many commenters dissing people who can only afford small amounts of shares or even fractional shares. So now WSB is elitist and you have to be wealthy to join and have fun in the markets? NO! That's the entire point of this place and GME and this week is that the market SHOULD NOT BE FOR THE ELITE ONLY. + +**Have 5mil and want to invest? Great! Have $5 and want to invest. Great!** + +WSB endlessly attacks CNBC, etc for not being able to see that GME is NOT about WSB or the fundamentals of these companies, or about making money. But it's about something much bigger. And those people who are crying out for all the noobs here to be banned are no better than the entrenched elite like Stephen Weiss who yesterday called this whole thing a "load of crap". + +We all saw the open letter pinned earlier this week and the responses to it. We all lived through last year. And for the first time in a VERY long time, I feel like the world is coming together to unite rather than to divide and it feels f'ing GOOD. + +Let the moment stand for a bit. I promise you that eventually people will forget about this and we will all start attacking each other again and most of the noobs on WSB will never set foot in this place again. + +But for now, for today, for this weekend, and maybe a while more, let's be excellent to one another and not decide the worth of someone over how long they've had a reddit account or how much money is in their bank account. + +So to all the noobs: + +Welcome! Hope you enjoy your stay. It gets a little weird around here, so it would save you a lot of time if you just gave up and went mad now. + + +Edit: getting a lot of flack for no emojis so I'd just like to add 📈🦍 💪 +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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Is this the only factor keeping US Equities market up? Or is it because of the insane amount of money US is putting into the system? +I was asked to share this here as well. OP was in r/CRedit [https://www.reddit.com/r/CRedit/comments/k6ll9b/bankruptcy\_dropped\_and\_my\_credit\_score\_hit\_over/](https://www.reddit.com/r/CRedit/comments/k6ll9b/bankruptcy_dropped_and_my_credit_score_hit_over/) + +Back after the 2008 recession was in full swing, it caught up with my job driving a truck locally delivering building supplies (remember the housing market crash...yeah..). So I ended up filing bankruptcy (Chapter 7). I kept my furniture debt and my house. My credit score actually went up when I filed due to the debt dropping off. It went from the upper 500s to the lower 600s (So bankruptcy doesn't always ruin the score). Keeping the house and furniture was a big help in getting my credit building right away. We dumped around $24k in credit card debt. I had canceled cards long before this trying to get out of debt, but the recession messed up everything with my job hours going from overtime to part-time over several months. + +After the bankruptcy, I stayed away from credit cards for a couple of years following the Dave Ramsey mindset. However, on a long road trip our debit cards were both compromised and canceled without us knowing until we were halfway through while trying to buy some food in a drive-thru. We had enough cash to pay for the food and get the gas we needed to finish the trip to her parent's house. From there we took care of things, but I realized we needed a credit card for situations like this. I have four kids, and if my wife is on her own I can't have her stranded without anything if this repeated. So we got some cards. We started down the same path of maxing them out ($500 limits), but after a short while, we had enough. I was not going to be controlled by credit cards. + +Together, 10 years from our bankruptcy, we now have over $142k in credit card limits, and we pay 0 in interest. We report \~1% usage depending on what clears just before the statement date (use cards for everything we can). We use credit card rewards and avg over $1k a year in cashback. My score climbed to the lower to mid 700s over the last few years, and last month when the bankruptcy dropped my Fico 9 Equifax hit 810. My Transunion Fico 9 is 790. Those are the only two I can get for free (only FICO 9's). We just refinanced the house @ 2.125% for 10yr. We should be completely debt-free within 4-5 years if we do right. God is good! + +I don't have many places to share this, so I wanted to share it here for those who might be in a similar mess. You can come back and be stronger! + +\*All scores are considered FICO. + +\*\*For reference: I'm 36, and was 26 when I filed bankruptcy. Household income went from the mid 40s to the lower 90s over the last 10 years. My wife no longer works a public job, and homeschools (before Covid hit). I have around $10k in savings and $50k in my 401k. Been married 15 years (to the same wonderful lady!). + +\*\*\*For those that want to know the change in scores: + +According to Citi where I monitor my Equifax FICO 9: Aug - 739 | Sept - 739 | Oct - 810 + +My Barclay card is Transunion FICO 9 I believe: Aug - 738 | Sept - 735 | Oct - 784 + +[Experian.com](https://experian.com/) FICO 8: Aug - 719 | Sept - 758 | Oct - 765 + +Score 9 has more impact by it dropping I think. Also, Experian dropped it in September, and the other two in Oct looks like. Nov 10 was the 10yr mark. So it did drop some early. + +*UPDATE: Thank you all for your time and comments. I didn’t realize this would hit as much interest as it did. I really appreciate it. The rewards as well. Made me feel really good. + +*UPDATE2: I decided to add up this years rewards, and we hit over $1700 primarily utilizing 5% amazon card, 5% Walmart card, and the 2.5% alliant card. I had few others I used for part of the year, but this is my normal setup going forward. +The saying "history doesn't repeat itself but it sure rhymes" has been iconic whenever it comes to investing. This, however, will be the almost exact cause to the 2008 housing crises, but maybe play out a bit differently. Its called "Rent-backed Securities"(RBS). + +Let's start from RBS's inception. Back in 2013 there was a new "hot" investment strategy that was created by Blackstone Group (BX) that would purchase a single-family home backed by its formula of how likely the house would rent out for and create what can be considered a "good cashflow" buy. These rental properties are then bundled from 100 to thousands of rental properties within a single RBS and would be sold as the total asset value, immediately returning the initial invested cash value to buy more rental properties to bundle and sell again... Sound familiar right? + +Blackstone realized that they would need to create a second company which would then manage these rental properties to ensure that their investment continues and investors stay happy with their returns, which Blackstone named "invitation homes" (we will get back to this and why its important later). Since Blackstone's initial investment, there are now over 30+ competitors whose sole purpose has been doing just that. + +Since 2013 many proponents of RBS's say that it is a great idea to bring back the housing economy and in a strong way by supplying the demand of foreclosed homes while landing a win for yield craving investors desiring predictable cashflow. + +Fast forward to today, we are seeing a dramatic increase in these investments with what we can call "free money" at 0% interest rates causing the housing boom right now. So much so that "1 in 7 homes bought this year have been purchased by wall street, 1 in 5 starter homes this year have been purchased by wall street, and for apartments 1 in 2 are owned by private equity" - [Link here](https://survivingtomorrow.org/1-in-7-homes-sold-last-year-was-purchased-by-wall-street-71e6356dea29) of more stats. + +So why should we care? This is after all large corporations owning the assets this time right? There is no way that its going to be as bad as a family that cannot afford their mortgage... + +Well here is the thing, let's take "invitation homes". Lets say hypothetically, they stop enticing investors, and their RBS's are no longer paying out worthwhile yields, which could be a result of a multitude of poor management decisions like forgoing inspections, ignoring critical issues in housing expenses to fix, overpaying for the houses themselves or anything that hurts the bottom line of increasing cashflow and lowers the chances of having a tenant in the home. Invitation homes would have no choice but to declare bankruptcy. What this means for those living in the houses would be that they are immediately evicted. You could have paid your monthly rent on time, every time but it wouldn't matter, you're out. In Invitation Homes case this would be a little north of 76,000 homes or 191,000+ people on the streets, homeless, with the snap of a finger (average household being at 2.52 per home). Keep in mind this is 1 of 30+ companies. + +I can't tell you when this will happen, but what I can say is that once it does, people will say that it was unexpected, out of the blue, etc. I am not telling you what to buy or sell, but rather to look for the signs of cracking. Once inevitable the likely signs will be looking for news stories of Single-home management companies, or I-buyers, looking to avoid bankruptcy. + +Also I have to mention to not take this as financial advice. If you want to learn more, feel free to google anything mentioned above and continue to go in further, there are a ton of things I didn't talk about. +In general, what proportion of the return from real estate is rent and what proportion is property value appreciation? I've been told you definitely can't beat the market without both. Is it about half and half in most cases? +**RED ALERT: The Senate is about to vote on a bill that could kill crypto** + +This is a red alert. A provision that’s so [poorly](https://www.techdirt.com/articles/20210802/17045447294/bidens-infrastructure-bill-shouldnt-undermine-cryptocurrency-infrastructure-process.shtml) written it could crush the cryptocurrency ecosystem and dramatically expand US government [surveillance](https://www.eff.org/deeplinks/2021/08/cryptocurrency-surveillance-provision-buried-infrastructure-bill-disaster-digital) has been added to the must-pass bipartisan infrastructure package at the last minute. Fortunately, Senators Wyden, Toomey, and Lummis have introduced an amendment that would fix the language and clarify that the expansion of the definition of a “broker” doesn’t apply to open source software developers or validators like miners or stakers. + +**Call your Senators right now at 517-200-9518. We'll connect you to their offices and guide you through the process.** + +**When a staff member answers, tell them:** + +**“Hi, I’m calling to ask that you support Senator Wyden, Toomey, and Lummis's amendment to the cryptocurrency provision of the infrastructure bill (H.R. 3684) . This amendment will ensure that the provision does not dramatically expand financial surveillance, harm innovation, or undermine human rights. Policies that impact basic freedom and the future of the Internet should be debated carefully and should never be attached to must-pass bills. Thank you.”** +I am 34 and going forward, I think I can realistically afford $100 a week to put into stocks. My expenses are going to be going up substantially as I’m going to be paying for daycare in Sept. + +So I have been trying to develop a group of low risk “base stocks” which pay dividends. I plan on holding for life and allowing the dividends paid to supplement my investing going forward. + +I have a little over $21k in my brokerage and dividends already pay me an average of $18.61 per week, which i reinvest. + +Once I hit $100k or so in my investment account, I intend to make some more risky plays, as it won’t be such a struggle to get money into the market (as my dividends will be paying out approx $100/week). + +Anyone else doing similar? +When picking individual stocks, we have certain info we look out for + +Such as revenue growth, profit growth, share dilution, balance sheet, free cash flow, management, products, branding, etc. + +What about ETFs? + +Do you have a step-by-step guide when doing Due Diligence for a specific ETF? + +I know ETFs like $VTI or $SPY is a no-brainer. I guess I'm talking about ETFs like ARK or a niched sector/industry. + +I would love to hear your thoughts. +For me anyway. I've had £20,000 in there for two years. I haven't won anything in 5 months now. + +Over 2 years I've won £150 in total. According to the premium bonds prize calculator, I should on average have won around £250-£300 with that amount (depending on luck of course). + +I'm thinking of pulling the plug and heading over to Marcus, which would actually make me money each month with another £20K top up in it (around £18.50 a month, every month) at 0.60%. + +My brother has had premium bonds now for around 10 years, and made £75-£100 a month, almost every single month in 2020, on only £15K. Literally the cheques were flying through the door. + +He opted for cheques in the post for those 10 years and now has opted for the online bank transfer since NS&I said they were stopping cheques, and as a result he's gone from winning every single month without fail to never winning at all (nothing for 6 months now). + +Has anyone else recently gave up and quit premium bonds? Is it even worth hanging on anymore since the chances to win have gone down? + +I'm also interested in the Vanguard ISA. But absolutely need a run down on how it works before investing my £20K in there. I've heard the interest rates are at around 11% at the moment, depending on your portfolio assets. If anyone is familiar with it and can give me a run down (ELI5) that would be really appreciated. +Hi all! + +&#x200B; + +I have been reading/participating in this sub for years. My mindset has changed as a result of what I have learned from this sub. + +&#x200B; + +This past six months has brought quite a few....challenges. I was let go from a job that I moved from home for (after only a few months, no warning.) + +&#x200B; + +About a month ago, I was involved in a traumatic accident and needed urgent surgery in a different country. + +&#x200B; + +Right now, my city is on fire (LA) and over 250,000 have had to evacuate. + +&#x200B; + +What am I trying to say? Shit happens that you can't predict or control. Yes, it is great to keep the lessons you learn here alive. It is INCREDIBLY important to be insured (although I am learning that many of the people forced to evacuate were refused home insurance due to risk...). But shit happens, and when it does, you need to take care of yourself, reevaluate, and rebuild. + +&#x200B; + +I am not asking for pity/sympathy. I feel lucky and grateful to be in as good as condition as I am given the situation. There are many people in far worse conditions right now, who have much more to lose. + +&#x200B; + +Instead, I am just asking you to show yourself and others compassion. If major incidents or emergencies happen, breathe, and reevaluate. Life will probably not go according to your plans, but that is your opportunity to just breathe and reassess. + +&#x200B; + +I hope you are doing well and in good health. Please be kind to yourself and others. +Apes, last year 77% voted and DRS was not a thing. Why isn't it hyped more since the vorting probably started the investigation. So we need to vote again and get this going! + +This time it is going to be much easier and many europeans who drsd can vote too! + +I couldn't vote last time and it was a 77%. So let's do our job together and finish them. + +Hope you have a great day! + +DRS VOTE HODL + +&#x200B; + +Edit: IT was 77% let's get it higher this time! [https://www.reddit.com/r/Superstonk/comments/nwcz5a/gamestop\_annual\_shareholder\_voting\_historical/](https://www.reddit.com/r/Superstonk/comments/nwcz5a/gamestop_annual_shareholder_voting_historical/) + +[https://fintel.io/doc/sec-gamestop-corp-1326380-8k-2021-june-09-18787-709](https://fintel.io/doc/sec-gamestop-corp-1326380-8k-2021-june-09-18787-709) +Hey everyone, I work as a type of software engineer for a massive evil corporation. Toward the beginning of the year I invested roughly $15k into ETH over the period of a month or two. I made some bad trades here and there, but all in all I am looking okay right now at 738 ETH. I did a lot of number crunching and believe that I have the means to sustain myself indefinitely if I continue to invest intelligently and also start a home cryptocurrency mining operation. I ordered some mining gear and put in 3 months notice to my manager. Even if my plans fail, I should be able to sustain myself for years before I need to work again. Worse case scenario I just take a long vacation. + + +Anyways, I just thought that other's might find this inspiring. Feel free to share your own stories. +**TA;DR:** Recent filings from State Street, BlackRock, Vanguard, Goldman Sachs and Susquehanna show that institutional ownership has increased from 39% to 45% of float. This is the first increase since May 2021. Susquehanna’s filing today was clever. + +**TA;DR End** + +Here are the current top 18 Institutional Holders (RC Ventures is considered Institutional and Insider in Bloomberg): + +https://preview.redd.it/sbt6ng37kwh81.png?width=975&format=png&auto=webp&s=957c35a4a9476e64a8f51ec68c182e952ebdaea6 + +Note the increases from BlackRock, State Street, Geode and Goldman Sachs. Although the ‘File Date’ says 12/31/21, these were filed with the SEC recently. For example, we were notified on February 1 that the following [SC 13G/A](https://investor.gamestop.com/sec-filings/sec-filing/sc-13ga/0000834237-22-004089) Form was filed by BlackRock: + +[https://investor.gamestop.com/static-files/0aa4ae53-8b36-4dd0-8e3c-95d5588d9fd2](https://investor.gamestop.com/static-files/0aa4ae53-8b36-4dd0-8e3c-95d5588d9fd2) + +In the BlackRock filing: “December 31, 2021 - Date of Event Which Requires Filing of this Statement” and “Sole power to dispose or to direct the disposition of 5,194,518.” Based on BlackRock’s previous filings, we could see they increased their holdings by 473,900 shares. Same goes for State Street, Geode and Goldman Sachs filings. + +Ignoring Susquehanna for the moment, Institutional Ownership increased from 39% to 39.85% (of float) since December. + +[Current Institutional Ownership of Float = .3985 X 63,738,478 = 25,399,783](https://preview.redd.it/ajs7un1mkwh81.png?width=668&format=png&auto=webp&s=218e5b061a37390f35a79ee495bb818d10e80056) + +Current Institutional Ownership of Float = .3985 X 63,738,478 = 25,399,783 + +In my December post, Institutional Ownership was at 39.03% of float or 24,877,128 + +[https://www.reddit.com/r/Superstonk/comments/sb20kk/nobodys\_selling\_update\_on\_institutional\_ownership/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/sb20kk/nobodys_selling_update_on_institutional_ownership/?utm_source=share&utm_medium=web2x&context=3) + +The Susquehanna filing today was clever. Reminded me of the Brazilian puts trick, but I don’t need to email Bloomberg for this one. In case you missed it, here’s the filing that came out today: + +[https://investor.gamestop.com/static-files/4f28d343-9df9-4268-8524-9fc4fe35f466](https://investor.gamestop.com/static-files/4f28d343-9df9-4268-8524-9fc4fe35f466) + +This was a joint filing for Susquehanna Investment Group, Susquehanna Fundamental Investments, LLC, Susquehanna Securities, LLC and G1 Execution Services, LLC. In aggregate, these four entities reported that they beneficially own 3,056,239 shares or 4% of GameStop. As some folks were quick to point out, the box for Item 5 was checked indicating that the purpose of the filing was to notify that they no longer own 5% of the GME. Hence, the assumption was that Susquehanna dumped about a million shares. While that’s true, Susquehanna has not had 5% ownership since Q4 2020. Same goes for Dimensional Fund Advisors, Senvest and Maverick Capital, which also just filed recently. + +Here's position size sorted by largest to smallest for Q4 2020: + +[ Q4 2020 sorted largest to smallest for position size](https://preview.redd.it/h461tvg4lwh81.png?width=973&format=png&auto=webp&s=70d8558bf70e8b8c5e64243568122343f749ebd6) + +Note that Susquehanna (SIG Holdings LLC), Dimensional Fund Advisors, Senvest and Maverick sold most of their shares by Q1 2021. This is the reason why they are filing – they no longer own 5%. + +Note above that SIG Holding LLC (Susquehanna *International* Group LLP) owned over 4.4M shares in Q4 2020. This represented over 5% of GME. There is no Susquehanna *Investment* Group, Susquehanna Securities, LLC or G1 Execution Services, LLC in Bloomberg, period. These are the entities mentioned in today's filings. However, there is Susquehanna Fundamental Investments, but they have had minimal ownership. + +https://preview.redd.it/m0eo3k6hlwh81.png?width=975&format=png&auto=webp&s=81183491fab17bdec183d45835bbb3053cb1be2b + +Note above that Susquehanna Fundamental Investments owns 7,200 shares as of Q1 2022 and that this matches up with today’s filing that states “Sole Voting Power 7,200” under the Susquehanna Fundamental Investments, LLC portion. + +The “big dog” in the Susquehanna filing today is Susquehanna Securities, LLC with “Sole Voting Power 3,027,687.” But again, Susquehanna Securities, LLC is not listed in Bloomberg, ever. Only SIG Holdings, LLC and Susquehanna Fundamental Investments are and they currently own 84,739 and 7,200 shares, respectively. However, SIG Holdings did own +4.4M shares (>5%) in Q4 2020. + +I believe the purpose of the joint filing was to try and hide the fact that Susquehanna acquired an additional 2,964,300 shares (3,056,239 – 84,739 – 7,200) since dumping their shares between Q4 2020 and Q1 2021? Why else would the 13d-1 form state that the purpose of the filing was notify that they no longer owned 5%? Only SIG Holdings, LLC ever owned more than 5%. + +Regardless of whether I’m right or wrong, I have never accounted for Susquehanna owning these additional shares (2,964,300). Neither has Bloomberg. The first picture in this post above lists top Institutional Holders. Susquehanna and affiliates are not listed. Furthermore, the 39.85% float ownership by Institutions (2nd picture in this post) does not include these shares. When the shares are included, the **Institutional Ownership increases to 45% or to 28,364,083 shares.** + +Why is this important? Because this represents the first meaningful increase in Institutional Ownership since the big drop in May 2021. Recall, Institutional Ownership was over 100% since at least 2010 to May 2021. + +[Institutional Ownership &#37; of Float](https://preview.redd.it/ovyk4mpbmwh81.png?width=974&format=png&auto=webp&s=b22b148a56f9f7894fff8c194e7da293c8e0cd3b) + +**TA;DR:** Recent filings from State Street, BlackRock, Vanguard, Goldman Sachs and Susquehanna show that institutional ownership has increased from 39% to 45% of float. This is the first increase since May 2021. Susquehanna’s filing today was clever. + +&#x200B; + +EDIT 1: Just noticed that Susquehanna's Calls exceed Puts in their latest Bloomberg filing. + +&#x200B; + +https://preview.redd.it/r9ml0ipufxh81.png?width=1895&format=png&auto=webp&s=09146693e6803ae156790f6c71c70c72c966d05f +**TA;DR:** Recent filings from State Street, BlackRock, Vanguard, Goldman Sachs and Susquehanna show that institutional ownership has increased from 39% to 45% of float. This is the first increase since May 2021. Susquehanna’s filing today was clever. + +**TA;DR End** + +Here are the current top 18 Institutional Holders (RC Ventures is considered Institutional and Insider in Bloomberg): + +https://preview.redd.it/sbt6ng37kwh81.png?width=975&format=png&auto=webp&s=957c35a4a9476e64a8f51ec68c182e952ebdaea6 + +Note the increases from BlackRock, State Street, Geode and Goldman Sachs. Although the ‘File Date’ says 12/31/21, these were filed with the SEC recently. For example, we were notified on February 1 that the following [SC 13G/A](https://investor.gamestop.com/sec-filings/sec-filing/sc-13ga/0000834237-22-004089) Form was filed by BlackRock: + +[https://investor.gamestop.com/static-files/0aa4ae53-8b36-4dd0-8e3c-95d5588d9fd2](https://investor.gamestop.com/static-files/0aa4ae53-8b36-4dd0-8e3c-95d5588d9fd2) + +In the BlackRock filing: “December 31, 2021 - Date of Event Which Requires Filing of this Statement” and “Sole power to dispose or to direct the disposition of 5,194,518.” Based on BlackRock’s previous filings, we could see they increased their holdings by 473,900 shares. Same goes for State Street, Geode and Goldman Sachs filings. + +Ignoring Susquehanna for the moment, Institutional Ownership increased from 39% to 39.85% (of float) since December. + +[Current Institutional Ownership of Float = .3985 X 63,738,478 = 25,399,783](https://preview.redd.it/ajs7un1mkwh81.png?width=668&format=png&auto=webp&s=218e5b061a37390f35a79ee495bb818d10e80056) + +Current Institutional Ownership of Float = .3985 X 63,738,478 = 25,399,783 + +In my December post, Institutional Ownership was at 39.03% of float or 24,877,128 + +[https://www.reddit.com/r/Superstonk/comments/sb20kk/nobodys\_selling\_update\_on\_institutional\_ownership/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/sb20kk/nobodys_selling_update_on_institutional_ownership/?utm_source=share&utm_medium=web2x&context=3) + +The Susquehanna filing today was clever. Reminded me of the Brazilian puts trick, but I don’t need to email Bloomberg for this one. In case you missed it, here’s the filing that came out today: + +[https://investor.gamestop.com/static-files/4f28d343-9df9-4268-8524-9fc4fe35f466](https://investor.gamestop.com/static-files/4f28d343-9df9-4268-8524-9fc4fe35f466) + +This was a joint filing for Susquehanna Investment Group, Susquehanna Fundamental Investments, LLC, Susquehanna Securities, LLC and G1 Execution Services, LLC. In aggregate, these four entities reported that they beneficially own 3,056,239 shares or 4% of GameStop. As some folks were quick to point out, the box for Item 5 was checked indicating that the purpose of the filing was to notify that they no longer own 5% of the GME. Hence, the assumption was that Susquehanna dumped about a million shares. While that’s true, Susquehanna has not had 5% ownership since Q4 2020. Same goes for Dimensional Fund Advisors, Senvest and Maverick Capital, which also just filed recently. + +Here's position size sorted by largest to smallest for Q4 2020: + +[ Q4 2020 sorted largest to smallest for position size](https://preview.redd.it/h461tvg4lwh81.png?width=973&format=png&auto=webp&s=70d8558bf70e8b8c5e64243568122343f749ebd6) + +Note that Susquehanna (SIG Holdings LLC), Dimensional Fund Advisors, Senvest and Maverick sold most of their shares by Q1 2021. This is the reason why they are filing – they no longer own 5%. + +Note above that SIG Holding LLC (Susquehanna *International* Group LLP) owned over 4.4M shares in Q4 2020. This represented over 5% of GME. There is no Susquehanna *Investment* Group, Susquehanna Securities, LLC or G1 Execution Services, LLC in Bloomberg, period. These are the entities mentioned in today's filings. However, there is Susquehanna Fundamental Investments, but they have had minimal ownership. + +https://preview.redd.it/m0eo3k6hlwh81.png?width=975&format=png&auto=webp&s=81183491fab17bdec183d45835bbb3053cb1be2b + +Note above that Susquehanna Fundamental Investments owns 7,200 shares as of Q1 2022 and that this matches up with today’s filing that states “Sole Voting Power 7,200” under the Susquehanna Fundamental Investments, LLC portion. + +The “big dog” in the Susquehanna filing today is Susquehanna Securities, LLC with “Sole Voting Power 3,027,687.” But again, Susquehanna Securities, LLC is not listed in Bloomberg, ever. Only SIG Holdings, LLC and Susquehanna Fundamental Investments are and they currently own 84,739 and 7,200 shares, respectively. However, SIG Holdings did own +4.4M shares (>5%) in Q4 2020. + +I believe the purpose of the joint filing was to try and hide the fact that Susquehanna acquired an additional 2,964,300 shares (3,056,239 – 84,739 – 7,200) since dumping their shares between Q4 2020 and Q1 2021? Why else would the 13d-1 form state that the purpose of the filing was notify that they no longer owned 5%? Only SIG Holdings, LLC ever owned more than 5%. + +Regardless of whether I’m right or wrong, I have never accounted for Susquehanna owning these additional shares (2,964,300). Neither has Bloomberg. The first picture in this post above lists top Institutional Holders. Susquehanna and affiliates are not listed. Furthermore, the 39.85% float ownership by Institutions (2nd picture in this post) does not include these shares. When the shares are included, the **Institutional Ownership increases to 45% or to 28,364,083 shares.** + +Why is this important? Because this represents the first meaningful increase in Institutional Ownership since the big drop in May 2021. Recall, Institutional Ownership was over 100% since at least 2010 to May 2021. + +[Institutional Ownership &#37; of Float](https://preview.redd.it/ovyk4mpbmwh81.png?width=974&format=png&auto=webp&s=b22b148a56f9f7894fff8c194e7da293c8e0cd3b) + +**TA;DR:** Recent filings from State Street, BlackRock, Vanguard, Goldman Sachs and Susquehanna show that institutional ownership has increased from 39% to 45% of float. This is the first increase since May 2021. Susquehanna’s filing today was clever. + +&#x200B; + +EDIT 1: Just noticed that Susquehanna's Calls exceed Puts in their latest Bloomberg filing. + +&#x200B; + +https://preview.redd.it/r9ml0ipufxh81.png?width=1895&format=png&auto=webp&s=09146693e6803ae156790f6c71c70c72c966d05f +I've had an idea to go out and do Deliveroo driving with my girlfriend. It seems to me to be a good way of making some money and still spending time together. + +We both have a combined income of around £65k so it's not out of absolute economic necessity but feel it would help ease the cost of living crisis and maybe help me get clear my credit card debts / build up an emergency fund quicker. + +Really interested to hear if anyone is doing something similar and what they have found to be the pros and cons of it all. +I was furloughed back in May and have been unemployed ever since. I've lived with various family a lot over the past few years, so I was able to save a lot by not paying rent. Those savings sure go fast with rent to pay, though. The extra $200 a month is going to help what little savings I have left stretch that much further while I keep looking for work and scrounge up enough gig work to hopefully help the savings stretch more. + +I went to the grocery store yesterday and it was the first time in three months I've been able to grocery shop without being stressed about the ensuing credit card bill the entire time. 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You Can Call or Text HUP.LIFE NOW With Any Questions! 417-487-4887 + +Tokenomics + +2% of every transaction BURNED TO OBLIVION + +2% of every transaction DONATED TO CHARITIES + +2% of every transaction REWARDED TO HOLDERS + +2% of every transaction LOCKED TO LIQUIDITY + +Useful links + +💬 Telegram: [https://t.me/HupDotLife](https://t.me/HupDotLife) + +🐦 Twitter: [https://twitter.com/hupdotlife](https://twitter.com/hupdotlife) + +🌎 Website : [https://www.hup.life/](https://www.hup.life/) +Is there any argument for the above? I was doing my research on overnight funds, and I was wondering why one shouldn't put their money in overnight funds right now, most banks are offering interest rates around 4-6% right now on FDs whereas Overnight Funds also give nearly the same interest rates with the added advantage of liquidity. Am I missing something here? I am still in the process of learning, still 21. So, any advice would be great, thank you! +With over 50% of the float locked and counting, GME has to be way up there in terms of individual retail investor ownership via DRS. It got me thinking, this has to be some kind of record right? + +I'll update this post should I get a response. I think it would be pretty cool if GME held that record. Think of the coverage GME would get... +High School Senior here that’s deciding on a college. + +I was lucky enough to land a full ride at Indiana University’s Kelley school of business. However I recently received admission to my dream school (Georgetown McDonough). + +The one drawback is that it will be expensive. According to my Excel calculations, i’ll have to take out about $98,260 in loans (mostly private). Parents will co-sign and have good credit so the rate shouldn’t be terrible but still is a pretty staggering number. + +I’m looking to go into high finance or consulting post-grad which I thinks makes it stomach-able but wanted to get other opinions. + +From talking to others currently in the scholarship program at IU, with diligent saving and internships i should come out positive 40/50k if i choose IU. I just visited and didn’t really like the campus or students but still want to make a prudent decision. Thanks + +Parents are saying GT for the simple fact that i would always regret not taking the chance if I chose IU + +EDIT: What im really struggling with would be the Long term value of a GT degree vs IU. There’s not anyone I know working in ESP (Elite Service Providers) that can comment on the worlds of Finance, Big Law, etc. Does pedigree actually matter that much? I’m confident i’ll succeed in either option though. + +Not a fan of hypotheticals but I’m hearing from Wharton and Columbia on tuesday and I would be in a similar position in terms of cost (maybe slightly less debt). Would love thoughts on this as well. + +EDIT 2: Ended up committing to Indiana +Just looking for some good media. I noticed there is a bunch of stuff on YouTube but the quality is a little all over the place. + +Anyone know any regular posters that know what they are doing? Or podcasts with great guests? + +Topics include Quant finance and algorithmic trading +Hi, I am currently in the process of buying my first property and I am learning the process and found that I made some mistakes/lost money. This is just and avenue to educate people to really understand when they are buying + +1. I used a mortgage broker instead of a direct lender: my credit score is good and I would have just gone straight to a lender instead I went to a broker that charged almost 5k for broker fee. + +2. Buyer compensation for the property I'm buying was 2% and my agent said she can't work for less than 3%. She charged me 0.5% and I negotiated for 0.25%. I wouldn't have done that. I would have told her if she doesn't accept the 2%, then I will go look for another agent to represent me. + + + + +I am still in the process and I will try to reduce all other mistakes moving forward and I will update as time goes on + +05/01 +Update: Title search came back and the deed owner is who we are buying it from but there is some form of easement on the land. I would love to get a survey and I want to know if I should shop for a surveyor myself or talk to the lender? +Looking like a pretty good quarter from Aritzia again! Inventory levels are eye opening, but they seem to be executing and have a rationale for it so I guess I can live it it for now. There's always warehouse sales right? + + +**Q2 Revenue** + +* Average Estimate - $454.61M + +* Actual Revenue - $525.5M + + +**Q2 Revenue Breakdown** + +* Retail - $351.63M + +* eCommerce - $173.89M + +* $525.5M (Q2 2023) vs $350.1M (Q2 2022) + +* USA sales makes up 50.1% of net revenue at $263.2m, increase of 79.8% from Q2 2022. + + +**Q2 EPS** + +* EPS estimate - $0.33 + +* Actual EPS - $0.40 (unadjusted), $0.44 (adjusted) + + +**Other** + +* SGA costs increased 59.8% vs Q2 2022 ($147.2m vs $92.1m), 28% of net revenue. + +* Gross profit margin down to 41.9% (Q2 2023) vs 44.6% (Q2 2022) + +* Cash/Cash equivalents at $65.4m (Q2 2023) vs $131.8m (Q2 2022) + +* Inventory at $455.1M Q2 2023 (!) up 150% vs Q2 2022, $181.9m. + +* Re: Inventory - *This season's inventory was planned at an 83% increase from the extremely low levels last year in order to meet sales targets. Inventory was booked earlier in order to mitigate the risk of supply chain disruptions. On top of that as an extra precautionary measure, the Company pulled forward the purchase of selective product for Spring. The Company is comfortable with its inventory position to meet client demand and for the season, expects normalized markdowns to be no greater than pre-pandemic levels.* +I have $160k I want to invest, I want an aggressive monthly dividend payout, any recommendations? What is your top picks or your portfolio looking like? +Has any of you making passive income with RE? Or been able to retire with RE. How did u succeed? +Its my dream but Id have to work for a lot of years to be able to buy a property, rent it and pay taxes, furniture, other possible issues with the property. It feels like u lose more money than u make. I only have 10k in my bank account so im a beginner. How can I start and how did YOU start +🎗Mission: It's been made clear the new industries and opportunites that have arose around cannabis. Although many areas around the world are capatilizing on this financially, others are being pushed to their mental capacity having to continuously be locked away, scrutinized, and belittled for their unlawful convicitons. The project aims to entirely amplify the organizations currently in place causing the biggest impact. + +🎗The first project we have decided to support by the "last prisoner project" is the calling upon President Biden to deliver bold action and immediate relief by granting clemency to the thousands burdened by federal cannabis-related convictions. Read on for a clear plan to effectuate this, with ample precedence in past Administrations and a tight connection to President Biden’s stated policy goals. + +👁 Check out the plan: https://static1.squarespace.com/static/6036cd385bb23f02d19f48d6/t/6040126fc7f3402e9750658d/1614811760899/LPP+Federal+Clemency+Campaign.pdf + +💨 Tokenomics: +💰 1,000,000,000,000,000 Tokens Made +🔥 50% (500,000,000,000,000) Burned + +🚨TOKEN TRANSACTION FEES +- 3% Charity Wallet +- 3% Back to holders +- 3% Burn rate +- 1% Marketing Wallet +🔥 Lp burned +🖋Ownership renounced + +⛓Links⛓ + +🖥 Site: https://safeweed.money/ + +✉️ Telegram: https://t.me/safeweedcommunity + +⚙️ Contract: https://bscscan.com/token/0xaea07e822419b604a105401a20b846d832854b07 +Which one is it? Are we treating the market like a casino or are we treating it like a long-term investment vehicle for wealth creation? Can’t have it both ways yet the dishonest financial media paints it that way. Buffet buys and holds stocks. Does he treat the market like a casino? You know people are snakes when they accuse you of contradictory things. +I feel different this time… the simulation is lining up, the stars are aligning, so many hints and clues. I think this is it. THIS is the MOASS. This is when diamond hands be tested and forged. Seeing market halts every 15 minutes as we jump $1000s at a time up and down! + +This is the week our lives change FOREVER + +Or it’s just another week and I continue to buy and hold + +DO YOU UNDERSTAND HOW MANY ENDGAMES IVE BEEN THROUGH?!? I CAN DO THIS SHIT FOR ANOTHER 9 MONTHS + +IT COSTS ME NOTHING + +New apes, don’t be down if this isn’t the MOASS, I’ve lived through at least 8 pre fires for MOASS, I’m zen, I held, I bought + +I. + +Will. + +Win, + + +Will you? +I am a bit surprised by often it is said that you will not be able to make money after being out of work for several years. Therefore you should aim for a 2-3% withdrawal rate instead of 4%. + +But even if you aim for 4% or even a riskier 5%, I can't imagine it would be so hard to get back into the job market if the market crashes or something happens. It might not be as well paying as the job you had before, but with technical skills and the ability to learn, would really an employer say no? + +If they did, could you not do a gig job, drive uber, work for Amazon, etc? Or start a company mowing lawns? + +For me, it seems like people here are stuck in boring jobs for years because they want to feel 100% secure, but the fact is that you can never be 100% secure no matter how much money you have. You can get cancer, get in an accident, etc. As time goes by, the changes get higher and higher for something to happen. + +Therefore, it seems safer to retire earlier with a higher withdrawal rate to enjoy life now, than to work longer and risk something happening to your health or life. +ALL Knowledge and advice is welcomed! Im eager to get involved but dont know where to start:/ +I live in texas for those familiar with the market here +I dont have real estate background or experience. Eager to change that so I can stop being scared and just jump into it! +Hi all, + +I had a discussion with a few friends about purchasing real estate for AirBnB use, and one of the topics that came up was buying a lot of land (near state parks, rivers, lakes, etc. anything with scenic attractions) and converting it into a low-maintenance AirBnB. + +For example, setting up yurts and igloos for a unique camping experience, or creating tiny homes on the lot for people who want a cheaper but unique AirBnB experience. We're hoping to make it attractive by buying a lot near lakes or state parks. For reference, we're in upstate NY, where there's a lot of the aforementioned. + +We considered not putting in electricity or water, or just building a central facility where campers/guests can shower, use the bathroom, etc. + +Has anyone had any experience purchasing lots and creating low-maintenance rentals? What would we need to consider when it comes to something like this? + +Thanks. +> “Boards of U.S. university endowments would be prudent to divest from People’s Republic of China firms’ stocks in the likely outcome that enhanced listing standards lead to a wholesale de-listing of PRC firms from U.S. exchanges by the end of next year,” Keith Krach, undersecretary for economic growth, energy and the environment, wrote in the letter addressed to the board of directors of American universities and colleges, and viewed by Bloomberg. + +From: +https://www.bloomberg.com/news/articles/2020-08-18/state-department-urges-colleges-to-divest-from-chinese-companies + +This is going to be true for most institutional investors and certainly retail investors. If you own stock in Chinese companies, you should sell now. +Ok by now i am pretty well versed with the best practices of the theta gang strategy: play the wheel, CSP, sell CC and go for 30 - 45 DTE etc. + +While it is no doubt safe and effective, it is also very unexciting. Most of the time you are sitting there waiting for theta decay to do its job. How do you stop yourself from being influenced by all the noise around you and maintain discipline? +After taking a huge risk and accepting a “foot in the door” position at the end of 2019 at an hourly wage lower than I’d received in almost 8 years, I’ve finally managed to secure an offer for a promotion within the company that comes with a 57% raise. I am beside myself, I actually audibly gasped when I read the offer letter. The craziest part being, I’m getting a higher salary than I requested. I know that means I could have asked for much higher but that’s fine I’ll position myself for a large raise next year. I really worked myself to the bone to get noticed by the right people to make this happen, I feel like I can take a breath now. This is definitely a stepping stone for me but I can’t tell you how much my heart and mind needed the boost. + +Edit: Oh my goodness THANK YOU ALL this is the most kind hearted, supportive community. Hugs for everyone 🤗 +&#x200B; + +[Banner submission by u\/Tian1913](https://preview.redd.it/bmwsox5fbey61.png?width=1920&format=png&auto=webp&s=63724fd72993e3c5f969d5013107cd611f9db325) + +# Good Morning Superstonk!!! + +[**Don't forget to submit your question for tomorrow's Carl Hagberg AMA!**](https://www.reddit.com/r/Superstonk/comments/n8qq8v/official_ama_carl_hagberg_retail_shareholder/?utm_source=share&utm_medium=web2x&context=3) + +[**And take a minute to scroll through our meme competition and (up)vote on your favorite!**](https://www.reddit.com/r/Superstonk/comments/n919hi/superstonk_daily_giveaway_meme_contest_limited/?utm_source=share&utm_medium=web2x&context=3) + +# [HYPEHYPEHYPEHYPEHYPEHYPEHYPE](https://www.reddit.com/r/Superstonk/comments/n9x3qw/documentary_update_its_all_about_the_apes/?utm_source=share&utm_medium=web2x&context=3) + +[ ](https://www.reddit.com/r/Superstonk/comments/n919hi/superstonk_daily_giveaway_meme_contest_limited/?utm_source=share&utm_medium=web2x&context=3)\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# DTCC Liquidity Test (again) + +[**So the DTCC is having a liquidity test this Thursday May 13th.**](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-002.pdf) + +[What the hell is a liquidity test anyway?](https://www.dtcc.com/~/media/Files/Downloads/Clearing-Services/FICC/CCLF-Annual-Test-Reference-Doc.pdf) + +Well... This doesn't effect anything in the market in real time, it is merely a computer simulation test meant to test the liquidity of the market. But liquidity tests do require... liquidity. So you might need to sell a few things to rack up those liquid assets..... + +&#x200B; + +# Massive Sell of in DOW, NASDAQ, S&P 500, and C0ins + +[Maybe margin came calling and they're getting ready to cover? 🤷‍♀️](https://preview.redd.it/hqo0mkmmeey61.jpg?width=1071&format=pjpg&auto=webp&s=1512457d5cba4ea6fcedbd17de8042b7342b4651) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# The SEC awards 2 new whistleblowers with rewards totaling $22 Million + +[The first whistleblower received an award of $18 million, while the second whistleblower received a $4 million award.](https://www.sec.gov/news/press-release/2021-81)  The larger award was in recognition of the fact that, among other things, the first whistleblower was the initial source of the investigation while the second whistleblower submitted information much later after the investigation was already underway.         + +“This case demonstrates once again the value of the whistleblower program in helping to protect investors, and the Commission’s continued commitment to rewarding individuals who provide high-quality tips,” said Emily Pasquinelli, Acting Chief of the SEC’s Office of the Whistleblower.  “The reporting of credible information by these whistleblowers and their subsequent cooperation with the staff’s investigation allowed the Commission to better understand complex transactions related to the matters under investigation.” + +$18 MILLION IS A LOT OF FRICKIN DOUGH FOR WHISTLEBLOWING. THEY HAD CENTRAL INFO TO THE INVESTIGATION. THAT'S A BIG ASS RAT! 🐀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Bringing attention to the OBV once again - there has not been any significant selling since FEBRUARY. On-Balance Volume (OBV) indicates (in SPITE of the price action) that the trend has been on BUYING for the last 3 months. Good job, apes. + +https://preview.redd.it/gs08fxjqaey61.png?width=960&format=png&auto=webp&s=4852489b7e9205f42438c83b6d8f7e1266e8b46f + +[**Link to original post**](https://www.reddit.com/r/Superstonk/comments/n97znu/bringing_attention_to_the_obv_once_again_there/?utm_source=share&utm_medium=web2x&context=3) + +[**Here's a post by our very own mod u/Cuttingwater\_**](https://www.reddit.com/r/GME/comments/mb18u2/definitive_proof_that_gmes_price_has_been/?utm_source=share&utm_medium=web2x&context=3) **that explains OBV way better than my smooth brained ass could.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +## [DTCC RECEIVES SEC APPROVAL TO PROVIDE SECURITY-BASED SWAP DATA REPORTING SERVICES IN THE U.S.](https://www.dtcc.com/news/2021/may/10/dtcc-receives-sec-approval-to-provide-security-based-swap-data-reporting-services) + +https://preview.redd.it/3zdvy325bey61.png?width=1006&format=png&auto=webp&s=a2ca424b3994c6fdf815ebbfac740566041fc5e6 + +What the heck that means according to Dave Lauer, after a post claiming this would put an end to rehypothecation: + +So unfortunately I don't think this is saying what you think it's saying. Now to be fair, I haven't had time to review in-depth. Couple of things: + +1. Any broker that facilitates trading **already** has to be registered, with FINRA. +2. The Consolidated Audit Trail is the system that will be collecting trading data and will be used for forensic examinations for market manipulation. This system has been under development for almost 10 years, and is finally being rolled out, starting last year. +3. This filing appears to be focused on security-based swaps, not the equities market. That's more focused on what happened with Archegos than what is happening with trading in the equities market. I don't believe anything here is directly related to the equities market, except insomuch as it's focused on security-based swaps. -[u/dlauer](https://www.reddit.com/r/Superstonk/comments/n9abxf/i_dont_know_how_this_is_not_being_talked_about/gxmsr3h?utm_source=share&utm_medium=web2x&context=3) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Doritos for the Class (spicy) + +[Will she go up or down?](https://preview.redd.it/vhovvgnpfey61.png?width=1242&format=png&auto=webp&s=87c0da4d2ef0612562729e8ca3b8bd2430296b0c) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 👀 New Mod-Only Post Flairs 👀 + +After an influx of requests for tighter moderation in the sub and much deliberation amongst the mod team, we decided it would be best to instead of removing questionable/unverified/contended posts, we would instead create some Mod-only use post flairs that we can assign when posts have been determined to be unverified, or totally debunked. + +So we decided that removing some posts was too much, and instead made a mod-only flair + +# ⚠Inconclusive⚠ + +so we can mark posts that seem suspect, inconclusive, or are potential FUD. OP can then revise their post with accurate info to have flair updated. Additionally, you apes can still see the post, and it's very transparent in what we are considering to be suspicious or potential FUD without removing it. You can then discuss for or against a flair change in the comments; + +We also added the + +# 🚨Debunked🚨 + +flair to the mod-only flair lineup. Please note, we will still remove posts that blatantly break rules; but this way we can manage in a transparent way whether to be cautious or not with posts. + +&#x200B; + +[Stupid is as stupid does](https://preview.redd.it/8irtwr9maey61.jpg?width=758&format=pjpg&auto=webp&s=afe80c1078d68010371c01ddcc5e6e92bca5f4e8) + +On that note, I made an error in yesterday's post, [which I corrected as soon as I saw dave lauer's explanation on the matter](https://www.reddit.com/r/Superstonk/comments/n9326x/sro_filings/?utm_source=share&utm_medium=web2x&context=3). We are all human and we all make mistakes. I want to stress the fact that if OP gets marked with the inconclusive flair and they bring verifiable data to back it up, the flair can be changed by mods. And note that while not exclusive to DD and education posts, that's the majority of what we had in mind when creating these flairs. + +We're all just a bunch of smooth brained apes tryin' to get a couple wrinkles here. ✌ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +https://preview.redd.it/at66y7lz8ey61.png?width=1000&format=png&auto=webp&s=8f702fa8d6d4208dbd097c273e9f4df1f0ee7232 + +# Don't forget tomorrow's AMA with Carl Hagberg at 4pm Eastern on Superstonk Live YouTube Channel! + +# [There is still time to submit your questions!](https://www.reddit.com/r/Superstonk/comments/n8qq8v/official_ama_carl_hagberg_retail_shareholder/?utm_source=share&utm_medium=web2x&context=3) + +**This is an AMA you do NOT want to miss!!** + +All this time since January, we have been searching for answers, slowly peeling away the shit onion to expose more shit layers when we read DD like House of Cards. Screaming into the void, wondering where tf the SEC is. Or the White House is. Why isn't anyone doing anything to make this right. + +I know we don't talk dates or catalysts around here. But I need apes to understand how game changing it will be when everyone exercises their right to vote. And Carl is coming to help us understand that. **The importance of this AMA cannot be overstated.** + +# THIS IS HOW WE EXPOSE THE MARKET FUCKERY IN A WAY THEY CAN'T DENY!! + +[Don't forget to drop !apevote! in the comments for your voted flair!](https://preview.redd.it/xdt4dutcaey61.png?width=660&format=png&auto=webp&s=25d39e794030c22804f1bce3fdab6032e18e43e8) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 📢📦Don't Forget about the International Giveaway Contest!📢📦 + +3 lucky apes outside the USA will receive a Gamestop Limited Edition Bananya Cat, complete with red headband! + +[YOU CAN HAZ CAT](https://preview.redd.it/zct0m3zeaey61.png?width=1300&format=png&auto=webp&s=2a36138eaf109061f75e4c31c09c43591a0044c2) + +# 💎🙌🚀SHOW ME THE MEMES!! 👀 + +**I want you to show me your best GME meme**!!! The 3 most upvoted memes from international apes will be declared GOAT and will finally be able to fill the little spoon void that your spouse left when they found out about your GME yolo. **I will ship it to ANYWHERE THE USPS SHIPS TO OUTSIDE THE USA!!** Free of cost, no rules to enter, just show me your best, funniest, most classic memes about the GME saga!! + +I don't care if they're video or image, just as long as they are OC and they don't break any sub rules. + +**This contest will run through Friday, May 14th at 3pm Eastern, at which time comments will be locked! Upvoting will continue through the weekend. Winners will be announced in the Superstonk Daily on Monday, May 17, 2021 and winners will be contacted via personal message for shipping information.** + +Again, there is no shipping cost or anything to the winners! And tbh, if I end up being able to order more that the 3 plushies, I will give more away to top winners, so stay tuned!! + +**I love this community of apes!! Y'all are like family and you all deserve a hug from a cute lil cat 😻🐈💖💖💖** + +*Plushies will not be shipped anywhere in the USA! The plushy is available online at* [*Gamestop.com*](https://gamestop.com/) + +*to USApes.* + +# [LINK TO THE MEME CONTEST IS LIVE NOW!!!!! LET THE MEMES BEGIN!!!! 🚀🚀🚀🚀🚀🚀🚀🚀🚀](https://www.reddit.com/r/Superstonk/comments/n919hi/superstonk_daily_giveaway_meme_contest_limited/?utm_source=share&utm_medium=web2x&context=3) + +# Memes are not considered to be entered into the competition until they are posted in the giveaway thread (regardless of being posted on the main page.) + +*Addressing some FUD I've seen: Obviously by participating in this contest, you are willing to give an address for the prize to be shipped. There are many ways to safely get a package without giving your address. But I can't even afford to go visit my family out of state, I promise I won't show up in Germany or some shit unless it's post MOASS and I'm tryna buy a castle. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +https://preview.redd.it/1vvvcd9n9ey61.png?width=554&format=png&auto=webp&s=42279d73dd14a1c68ef18989e4a9f79a7a82fc4c + +**Be excellent to each other!!!** + +Be friendly, help others! + +We are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes.** + +**This helps us weed out the shills really fast, because if everyone is helpful, the ones who aren't stand out.** + +Remember the fundamentals of this company. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can. + +[BTFD](https://preview.redd.it/1lyjcl48cey61.jpg?width=914&format=pjpg&auto=webp&s=5e7017955c0c7e138dfdd11a20d1008bc9a4b183) + +**Reddit down, wot do?** + +Mods have carefully considered what to do during a reddit blackout and advise the following - IF REDDIT GOES DOWN AT A PIVOTAL MOMENT go to [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/) 's Twitter or [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) 's Twitter (below) to look for additional instructions on where to muster (these are the most active twitter accounts on the mod team at this time!). And check in on SuperStonk's YouTube Channel for an Emergency Broadcast, if necessary. + +[https://mobile.twitter.com/redchessqueen99](https://mobile.twitter.com/redchessqueen99) + +[https://mobile.twitter.com/pinkcatsonacid](https://mobile.twitter.com/pinkcatsonacid) + +[SuperStonk. YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +# 🚨 ... AND VOTE!!! 🚨 + +**Don't forget to comment with !apevote! for your vote flair!!✅** + +&#x200B; + +[Here is a Complete Compilation Documenting the Existence of Every Market Manipulation Tactic Used by Hedge Funds in this GameStop Saga](https://www.reddit.com/r/Superstonk/comments/n8mizw/here_is_a_complete_compilation_documenting_the/) +Unpopular opinion: Tracking Kenny's movements and posting any time he moves is extremely unsettling and creepy and will make us look bad in the future. We are already winning, we do not need to be invasive to prove our point. Please stop. + +Repeated the title so that my post doesn't get deleted by the automod. + +&#x200B; + +Edit: [The result of posting this lol](https://i.imgur.com/8eZd3Te.png) + +Edit 2: [who did this lmao](https://i.imgur.com/5sQqgfO.png) +As per title. Although a bit of background first: + +I'm in my mid-twenty, i have worked in sales for 5 years as a sole trader make a cut of what I sold and I loved that, so I always saw that working structure as the best for me. + +I am now working in professional services (to keep it vague). 4 months into my new job and I am done. Don't get me wrong, I think most people my age would be very happy to be where I am (not bragging but also don't wanna be ungrateful). However, I don't like having a boss, I don't like being told what to do and I don't want to have a base salary as I don't feel pushed to do my best. + +I find working with others quite dull as I have my own rhythm and I like to do things my way. + +During the pandemic, i started studying cryptocurrencies and stocks and got in love with it. I invested a couple of K that i had saved for an eventual holiday and started following everything closely. At the same time, i started reading about trading strategies and TA. + +I just want to make the switch, focus all my energy and attention on this (day trading). I am just looking for your success stories to inspire me and provide me with some sort of a roadmap to understand what steps other successful traders have taken before switching to trading full time. + +Thank you to anyone who will take the time to reply. + +&#x200B; + +&#x200B; +If you saw my previous post [here](https://www.reddit.com/r/povertyfinance/comments/rddczo/i_was_supposed_to_get_paid_3k_from_a_client_today/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) you’ll know that I was having a small mental breakdown last week because my client who was supposed to pay me 3k, told me they could only pay $150. + +Per the advice of this community and my IRL support system, I sent them a firm email, letting them know the position they put me in and that they would be penalized with late fees moving forward. + +Well lo and behold, it worked! My client paid the remaining balance in full today, and I am going to be able to pull my bank account out of the negative and pay my bills with money left over for January. + +I’m seriously so happy I could cry. A day ago I was trying to find a personal loan (that wasn’t ridiculously predatory….one I found wanted me to pay 7K for a 2k loan wtf) and now I will be able to rest easy. +I currently have a Axis Bank Savings account and applied for Axis Forex Card to manage initial days expenses. Right now I have no idea how to send my tuition fees, which a single transfer around INR 22,00,000 to my university. I'm planning to open a bank account there. So far from what I researched, Barclays is good for receiving International funds. My parents have to send around INR 80,000 per month to my UK bank account for my expenses there. I dont feel comfortable with my parents transferring a lot of money at a time for my expenses as i am not so good with budgeting . so i prefer them to send me every month. After digging little deeper, there are so many hidden charges, and I can loose upto 5k easily of my monthly expenses for bank charges and god knows how much will i loose when i transfer my fees to university. so please someone guide me how to send and what accounts to have for + +1. sending my 22,00,000 INR fee to university one time +2. transferring around 80,000 INR per month to my personal account in UK +---99.9th percentile of wealth is around $43,207,732+ + +—-99.5th percentile of wealth is $17,557,208+ + +—-99th percentile of wealth is $11,099,616+ + +—-90th percentile of wealth is $1,219,126+ + +—-and 50th percentile of wealth is $121,411+. + +This is estimated net worth for US households in 2020. + +https://dqydj.com/average-median-top-net-worth-percentiles/ + +My initial thought on this: It’s surprising to me, and sobering too, that half the households in the US have a net worth of less than $121K. + +Edit: Oops; can't edit title. It's for 2020, not 2021. +35M, NW $23m. I’ve scaled a medical transport company from a simple private pay set up, to a full service ambulance company with dozens of hospital & insurance contracts. + +I hated every minute except the Income. I fell into the industry from a family member & learned to scale it while operating it. + +This being said, I’ll net a solid amount in a few weeks. I’ve already invested in all sorts of real estate, some Angel investments in start ups, etc. I’m a high anxiety/can’t sit still type person & I don’t want to “retire” and fall into depression (I will, I’ve taken time off before and it led to depression, meds, therapy and other negatives). + +My question is what type of company should I start next? I have an itch to start a Saas company, but I want to tackle a real world problem, then implement a Saas solution. Preferably B2B. + +Edit: you guys have been awesome. I’m grateful for the array of responses. I’ll say this, whatever I do next; this sub is a fantastic resource & most of the folks on here are genuinely helpful. Appreciate it & I’ll keep my journey up by being more active & not just lurking. + +My first thought after all of the feedback is to probably start to advise/consult anyone that wants to break into the space. It can be rewarding & I can give some pointers on how not to make it as miserable as it was for me to scale! + +Grateful. +I’ve seen a lot of discussion happening over how all these hedgies are going to be able to buy back all the shares they have shorted. So let’s break this down to simple terms if we can. ELIA + +(Please interject any criticism you may have of this explanation and I’ll do my best to edit, I am a smooth brained ape and could use some help to clarify this even for myself from some wrinkled apes. This is an explanation of how I’m viewing the scenario) + +First, it is important to realize that once the hedge funds are MARGIN CALLED, they are no longer in control of the situation. All buyback is handed over to their clearing houses that handle balancing the books to cover all their losses. The HFs that are short will have to buy back all the shorted stocks they have done, until the correct amount of shares in circulation are really on the market. + +Let’s break this down as a formula. (I’m not going to assume any SI% or use real numbers in this because enough DD has been done on it to begin with) + +A (the amount of shares that are currently in circulation held by instituations, insiders, and retail and all other entities, along with all shorted stocks, including the naked shorted shares) -(subtracted by) B (the number of shares that should be in existence) = C (the number of shares that will have to be bought back to rectify the number to what it should be) + +A-B=C + +The hedge funds will have to purchase an amount of C shares to clear their debt. And their clearing house will do that for them. They are not able to do anything crafty and turn 1 purchased share into purchasing 10. They have to purchase 1:1 what they owe. + +A key to business is that for every buyer, there needs to be a seller. They have to buy back what is on the market for sale. If there are none, then they just keep raising the price until there are some put up. If retail investors (I’m not going to assume the amount that retail currently owns) do own more than what the float is AND collectively choose not to sell to the hedge funds, does this mean that retail sets the price? + +Well no. Anyone saying that they have to buy back all of our shares is not accurate. They have to purchase the amount of shares necessary to get back to the original amount. But the more shares held and not sold during this going up will make the price increase with less “stops” along the way. We also have to account for the fact that the amount of shares held now will not be the same as during the MOASS. People will be jumping on board as this is going up, including institutions. If they choose to sell their shares to get immediate tendies, this will count toward the balance of shares owed by the evil hedge funds. + +Does this mean that some 🦍 will be bag holders? + +No, rest assured you will have an opportunity to get your tendies apes. Some key things to remember about this are as follows: + +1. Their continuous purchasing of the stock will make this price go up continuously as well. The upward pressure on this thing will cause jumps in prices of which the stock market has never seen. + +2. If the SI is anywhere close to what some of the DD is mentioning (could be 200%, could be goddamn 5000%. We don’t know because they’ve been able to hide it with deep ITM calls) then this is going to take a looooooooooooonnnnnnnngggg time to unravel. They will be buying back shares multiple times over. This is not going to be reconciled in a matter of hours. You will have time to get to your moon that you choose. + +3. FULL DISCLOSURE, I’m putting an edit here to clear up any misunderstandings about the price drop. When the purchasing is done, and they’ve finally balanced the books, this is STILL going to take a while to come back down to earth. The price of the stock will hover for quite a while and it will not plummet from 10,000,000 to 100 in seconds. Do not be afraid that you won’t win this. You will get tendies. As long as there is buying pressure, you will be able to sell. Remember though that to sell your stock, your broker needs to have a buyer at a certain price. A seller always needs a buyer as pointed out below by u/MrFrozenMan So if there are no buyers, you may have to wait on option 4. + +4. Even with the purchase price currently, you will get tendies. This announcement of what they’re going to do at the annual shareholders meeting is excellent news. Ryan Cohen is going to transform this company into a powerhouse. It will be unstoppable, especially with the support of newly minted millionaire 🦍. The fact that they are paying top level people by profit the company makes gives them incentive and motivation to kick this into overdrive. (Something the previous board lacked) + +TL;DR: Dear apes, keep HODLing. Keep the faith. Prepare for this MOASS that is about to take place. Prepare an exit plan, prepare for life changing money. Prepare, prepare, prepare. + +Personally, I’m holding to $10,000,000. See you retards on the moon + +💎🙌🏼🚀🚀🚀🚀🚀🚀 + +This is not financial advice, do what you feel. This is just to give reassurance. I’m smooth brained. Don’t listen to me or look to me for guidance. + +Edit 1: One quick edit to start. This goes for all HFs too. Not just Citadel. As pointed out by u/TheRecycledMale +Each one will be going through this same process if they shorted GME. Remember too, all their other short positions will be exposed and if they’re going bankrupt, those will have to be covered as well. + +Edit 2: I’m going to try to reply to all I can, but this has already gotten bigger than I expected. I’m currently at work and I have to do at least A LITTLE today. + +SO CALLING ALL 🦍 +Any questions please jump in and help me out. This is why we are a COMMUNITY! To discuss and educate each other! Much appreciated! + +Edit 3: from u/roseeon_ +There will be trading halts on the way up for such large increases. This is not a time to worry! This is a safeguard that is in place for the stock market to hopefully regulate prices on normal stocks when things get crazy. This however....will be crazy....and is not normal...so expect multiple upon multiple halts with prices as the increase rapidly. Just sit back and know that 🦍 🦍🦍got your back and are holding just like you! +https://www.vanityfair.com/news/2019/08/how-elon-musk-gambled-tesla-to-save-solarcity + +If you’re not familiar with Bethany McLean, she wrote “the smartest guys in the room” which covered Enron and has written extensively on the 2008 financial crisis. + +**edit: McLean! Not McClean (autocorrect)** + +Update: Hi Tesla legal/PR team! Working overtime I see. +There have been a few post about high salary careers where people are passionate and about high stress low salary jobs. I wanted to start the discussion about careers that don't require schooling with high salaries. + +I am 27M with no higher education (finished highschool) I worked right out of highschool and over the last 9 years I managed to work my way up from manufacturing operator, mid-level management, scientist and now a process engineer. If I get my bonus this year I will be on 115k salary. + +I know this isn't conventional and is strange to have been able to work as a scientist and engineer with no school but I worked hard and got very lucky. +I originally posted this [here](https://www.reddit.com/r/CryptoCurrency/comments/7qwhrr/bitconnect_is_shutting_down_its_lending_and/dssqthw/), and it was suggested that I make a separate text post for it. + +This started as a list of ponzi schemes only, but I've also found some pyramid schemes, (and quite a few that I think are both), so I've added them here as well. The ponzi and pyramid schemes currently around (that I'm aware of) are: + +1. BCC Cash (note that this is different from Bitcoin Cash) +* BCHconnect +* Billion Bit Club +* Binary Coin +* Bit Sequence +* BitAI +* Bitchamps +* Bitclub/clubcoin +* Bitcoin Ascension (pyramid scheme) +* Bitconnect X +* Bitether +* Bitfinite +* Bitfintech +* Bitglare Coin +* Btchash +* Btc-Rush +* Btcwait +* Chrysos +* Coinrium +* Cointeum +* Coinspace +* Dascoin +* Ecomcash +* Eigencoin +* ETHconnect +* Etherbanking +* Exacoin +* Falcon Coin +* Farstcoin +* Ficoin +* Firstcoin +* Forzacoin +* Futurecoin +* FUU Coin +* Gold Reward Token +* Goldgate +* Hedgeconnect +* Hextracoin +* Home Block Coin +* HotCrypto +* Hydrocoin +* Ibiscoin +* iCenter +* Ideacoin +* iFan +* Iotaconnect +* Knox Coin +* Legendcoin +* Lendconnect +* Lendera +* Libra Coin +* Liteconnect +* Loancoin +* Martcoin +* Moneroconnect +* Monetize Coin +* Monyx +* Neoconnect +* Numiv +* Oalend Coin +* Onecoin +* Pagarex +* Purpose/DUBI +* Regalcoin +* Rothscoin +* Secular Coin +* SFICoin +* Steneum +* Stepium (pyramid scheme) +* Swisscoin (pyramid scheme) +* Tenocoin +* TEX Coin +* Thorn Coin +* Ucoin Cash +* Unix Coin +* USI Tech +* WCI +* Western Coin +* XRPconnect + +Defunct ponzi schemes: + +1. Ambis +* Bitcoinly +* Bitconnect +* Bithaul +* Bitlake +* Bitpetite +* Bitsupreme +* Btcbox.cc +* Chain.Group +* Coinreum +* Control Finance +* Cryptodouble +* Davor +* Ethtrade +* Laser Online +* LoopX +* Mavro +* Mecoin +* Metizer +* Microhash +* Paycoin +* Plexcoin +* Thunderbit +* Vixice +* Vone + +Note that the above coins/services are only ones that I think are very likely to be ponzi/pyramid schemes (it's difficult to be 100% sure). There are many other scams out there, but I haven't included them here because many of them are controversial, so deciding with great certainty if some are scams would be much more difficult, and because making this post is already a lot of work. + +**I had a list of people here who were promoting some of the above scams on Youtube, but I've decided to remove it at least temporarily as some users suggested. For now, I'll work on adding to the above lists, then in the next few days I'll probably (at least partially) restore what I've removed along with additions that people posted in this thread. If you really want to see the list of youtubers I had here, send me a PM.** And for those who have sent me a PM that I haven't responded to yet, be patient, I'm taking a break now and I still have messages that I haven't had time to read yet. + +I'd also like to make a special shout out to coinmarketcap.com for advertising Bitconnect and possibly other coins listed above, and I'd like to thank the following Redditors for contributing to these lists: + +/u/808hunna, /u/AceDoja, /u/AllForTheGains, /u/Antranik, /u/arse_nal666, /u/BamboozleVictim, /u/Batman_MD, /u/bluebachcrypto, /u/Calmersky, /u/DemarcoFC, /u/DestroyerOfShitcoins, /u/dvxvdsbsf, /u/EClarkee, /u/Furples, /u/gtfobitches, /u/GuessParryGod, /u/Huuuui, /u/iambinksy, /u/infinityplus0ne, /u/jckwho, /u/Kl4n, /u/KnifeOfPi2, /u/lailide, /u/laminatorius, /u/LordGriffiths, /u/Miqote_Menstruation, /u/mscohe01, /u/normal_rc, /u/nudeinmylivingroom, /u/omegaape, /u/presstab, /u/ptikok, /u/RatToken, /u/Randall_Maller, /u/ripbum, /u/ScroogeMcDuckyPants, /u/Seriously2much, /u/shilch, /u/Sitchu, /u/skotua, /u/slinky_wizard, /u/sToRmRaDe, /u/TheMinero, /u/TheSuspiria, /u/theyork2000, /u/Timbuk220, /u/Too_Trill_To_Fail, /u/tuankiet65, /u/white_knight3, /u/zamli + +More contributions are also welcome! Also, thanks a lot for the tips & gold! + +P.S. Somebody actually got a [Bitconnect tattoo](https://i.imgur.com/O7MbEZc.jpg)! +Hype check 1-2, 1-2.. + +The shill brigade is out in full force tonight. Drop a rhyme if you’re ignoring the FUD and buying more of our favorite stock tomorrow morning. I’ll start us off.. + +I’m a 4 x ape, Been here since the sneeze. And I ain’t fucking leaving! So Ken, suck DEEZ! + +Edit: do any of you retards actually read the posts?? + +Edit #2: insane amount of traffic to my shit post. Humbled and exhausted from upvoting responses. None of the above should be taken as financial advice, but here’s some life advice - Do not believe the mainstream media, they are full of 💩, we’re vibin hard in here 🦍🚀🌘 + +Edit #3: bought 3 more shares today. Was going to buy 2 but I promised one of you I’d buy one for him/her. Can’t remember who though, so if you see this edit and DM I’ll transfer it over to your poor ass +I think this is the right subreddit. As the title says; all the money is in the form of a cashiers check. He got an email from the buyer saying he sent the extra money as an act of trust and will send additional emails on how to send the rest of the money back. + +Im not sure if the buyer just made a mistake and is trying to cover his tracks because he is too ashamed to admit he made a mistake, or if there is something suspicious going on. + +I told my roommate to wait a minute to deposit it to try to find some advice. Not really sure what to do, any advice? + +Edit: thank you for all the speedy replies! + +Edit 2: its a scam, i understand now lol, thank you. My roommate did not mail the camera and he did not try to cash the check. +Don't be doxxing citron or anyone else. That's bad ju-ju and the Tendieman won't come to visit you if you do. + +[Soon may the Tendieman come](https://www.reddit.com/r/wallstreetbets/comments/l0dfrp/the_tendieman_lyrics_and_video_by_uquigonshin/) +This is not Financial Advice! + +You might’ve seen several posts explaining why keeping your coins in a wallet is the best way to hodl. This is true, if you have a significant amounts of a particular coin because then you will be able to cover the expenses of transfer fees which vary from coin to coin. + +But with the rise of newcomers, not everyone can afford to buy large numbers of coins. And while you might be tempted to take your coins off an exchange, think about the amount you will spend for fees. For example the average fees for moving out ETH is 0.02 ETH (~$35) sometimes this is the amount most people have. Similar example can be applied to other coins as well. + +Another point is that exchanges are not un-secure anymore. They will store coins with high security measures. And you should enable things like 2FA to keep your account even more secure. So don’t worry about your coins being in danger. + +If someone has any other suggestions please let us know. + +Edit: Tips from comments: + +1. From u/ACShreds - Gemini offers 10 free withdrawals per month so if you do want to withdraw coins, try buying from that platform although the fees are a little high compared to other platforms. + +2. From u/thegooddocgonzo - Although exchanges aren’t fully safe, many big and reputable one like Coinbase and Binance will do everything to keep your coins safe because they don’t want any bad reputation. The user also notes that Binance was hacked in 2019 and Binance made sure that no customer was impacted. Stay cautious of smaller and unknown exchanges. + +Edit 2: The withdrawal fee which I stated for ETH (0.02) was for the exchange I primarily use which is WazirX. I’m sorry for not mentioning the said exchange and for those asking where I got that figure here is your answer. +The problems that we’ve always faced are becoming way more apparent and much more of a pressing issues it feels to me. Inflation is at a all time high, housing market is soaring, gas prices are high. This is all concerning as I myself is starting to see its affects. I’m currently looking for a property to buy but I can’t even get a seller to consider a offer. A FHA loan is nowhere near competitive. So I just want to see what are everyone else thoughts that’s been goin on? +Lots of countries opt to have a currency peg. Could anyone tell me of the benefits of using an intermediary currency rather than using the peg (dollar, Euro, whatever) outright? + +Beyond having country specific banknotes/coinage and corrupt politicians being able to steal or to circumvent sanctions, I can't think of real reasons not to have full substitution. +Millenials are the first generation to have a worse standard of living than their parents. + +But still boomers are criticizing us for investing in crypto. They don't understand that Crypto is the only hope that left for most of us. +🚀 **MINIDOGE UPDATE** 🚀 + +💎 MINICRUSH DROPPING NEXT WEEK 💎 + +✨ DOGEX-IN DEVELOPMENT ✨ + +🔐 BTOK ADS-LIVE, RUNNING FOR 30 DAYS + +🏎🏁 NASCAR PARTNERSHIP-CONFIRMED with SPENCER BOYD + +**MINIGAMES (MiniDoge Crush)** + +**⁃ MiniDoge Crush scheduled to rollout NEXT WEEK** + +⁃ Plays exactly like Candy Crush ($6billion market) + + ⁃ Free to play, in app purchase for iOS & Android + + ⁃ Design includes MiniDoge & Pye figures + + ⁃ Part of In app purchase fees add to BNB Reward Pool for MiniDoge Holders to claim + +**MINIPETS** + + ⁃ Open world gaming + + ⁃ Can purchase houses, land, accessories, etc. + + ⁃ Updated design for softer/more colorful feel + + ⁃ Seasonal Events + + ⁃ Over 300 in game side quests + + ⁃ New animal patches release as the game progresses (can be common to limited edition) + + ⁃ Can create multiple pets, each with different attributes/experience levels + + ⁃ Daily/Weekly/Monthly NFT challenges to earn rare NFTs + + ⁃ Earn Easter Egg NFTs (mystery NFTs that can be traded for real life items like concert tickets, tablets, phones, Tesla/cars, items of value) + + ⁃ In game market to sell NFTs + +**IMAGINABLE** + + ⁃ NFT social persona Marketplace. + + ⁃ Build your online persona (can be autonomous, or build from another profile like Elon.) + + ⁃ Social decentralize network like Facebook + + ⁃ Use persona for gaming/social media to gain additional value + + ⁃ Sell persona and gain 15% royalties + + +MiniDoge was created by DevTeamSix. They are a fully doxxed team who have shown their faces and business address. This is a multimillionaire team of highly experienced developers, entrepreneurs, and marketers with decades of experience. They launched minidoge and filled a 5,000 BNB hard cap in 15 minutes ($1.5M USD). The next day, the price mooned again. This may be the last chance to get in. + +Tired of getting in too late on projects? Let’s face it; most projects being shilled here are posted by people who have already bought in early looking to dump. + +The crypto market has been underwhelming lately, and many projects have gone to the grave. CreamPYE is one of the few projects still holding strong, and the team behind it has launched a new sister-project called MiniDOGE. + +Join the NEWEST addition to the DOGE 🐾 family! MiniDoge is the first ever AutoBoost token. HODL and Earn Tokens with MiniDOGE aka Ms Celebrity Doge! MiniPet Adventure App on the Roadmap Q3🚀 MiniDoge is bringing the crypto world to the gaming world. + +AutoBoost Tokenomics (better than Everrise) MiniDOGE is the worlds first ever crypto with an adjusting buyback feature for sells of MiniDOGE token. You Sell, We Buy! + +MiniDOGE is built for the holders to win. 12% buy fees and 18% sell fee (extra 5% more reflection to holders). This is made to reward long holders, to discourage people looking for a pump & dump. 16% tokens burned + +More info here: + +Contract: 0xba07eed3d09055d60caef2bdfca1c05792f2dfad + +Website: https://minidoge.finance + +Telegram: https://t.me/MiniDOGEToken + +Twitter: https://twitter.com/minidogetoken/status/1411344252894732288?s=21 +Hello everyone. I've been semi-involved in crypto since BTC was sub $10, however I was quite young then and never managed to keep much (sadly). I told parents to invest at $80. Then $100. Then again during the subsequent crashes. Argh! + +Anyways, I'm finishing up my second year of college at a very good (top 10) public university in the US, however have received an offer to transfer to my dream school (a top 10 school overall in the US) for the final two years of my undergraduate education. + +The catch? My state school is under $25,000 for everything per year, and the other institution is near $70,000. + +I do have a sizable college fund left from some passed relatives, and I could theoretically afford the $70,000, however it will all but deplete the fund. I have very little interest in graduate school, and I do believe transferring will serve to better my after school prospects, I might have a better plan. + +I would like to invest $50,000-$100,000 into the crypto market, and stay at my state university. My education will still be great, albeit slightly less fun/prestigious. I am willing to lose it, moon or nothing. I'm not even being facetious when I say YOLO. + +I'm thinking of doing the following (if investing a full $100K) + +- $30,000 BTC +- $20,000 LTC +- $20,000 ETH +- $10,000 XMR +- $10,000 divided between FCT, NEO, GAS, perhaps GNT. +- $10,000 various altcoins (gambling for all intents and purposes) + +I would store most everything on paper/hardware wallets and HODL. + + +Am I stupid? Is this a smart split? Anything I'm missing? All feedback is appreciated, and I hope I look back fondly on this post in 2 years. + + + + + +Hey, thanks for checking this out. If you have any thoughts or feedback I'd love to hear it, especially about my process, I'm still pretty new to this. I've got 3 sections, thoughts on the company, personal thoughts on using the product and financial forecasts. + +\------ + +**The broader company in general:** + +**Positives** + +Owner, operator and founder Daniel Ek seems really cool and thoughtful and has a strong vision for the business to become the home of all audio online for the whole world. + +Decent, though not excellent, gross margins which seem stable over time. + +Strong growth in users and subscribers which has a feedback effect, with more subs they can afford more content which draws more subs. + +Room to maybe 3-4x in number of subscribers before they cap out. + +Room to expand the content offerings into audiobooks and podcasts which might draw in more people. + +Network effect where creators and listeners all want to be on the platform where the others are. + +Positive free cash flow. + +Gali talking about potential 5-10x growth if they nail everything, grow to 1bn+ users and monetise them wall. + +In the past 4 years the user numbers have tripled. + +Advertising revenue may pick up when the economy picks up. + +Their AI can detect changes in consumer demand very rapidly and adapt to it which could be really powerful. + +Streaming Ad Insertion for podcasts sounds like a slick way to get more ad revenue into podcasts which at the moment is surprisingly low. + +Recently signed some top talent to exclusive deals. + +&#x200B; + +**Negatives** + +Break even profitability, though this is explicable with them being in growth mode. + +Competition from Apple music and others, in general I worry about Netflix not having any kind of moat and I wonder if Spotify has the same danger. It doesn't sound that hard to make a slick podcast platform and start selling ads on it, though to compete globally is hard. + +Stock price has just been rerated and hype is growing meaning a lot of growth is priced in. + +Falling monetisation per premium user, I am now on a family plan which is cheaper, for example. How low will this fall as they expand into the developing world? + +Weird Swedish laws about discounting net profits due to employee stock comp. + +Based in Sweden which is a regulatory environment I don’t understand. + +Expenses, SG&A and RnD seem to be growing. + +Revenue growth has been declining, though this is related to the ad-pocalypse, it may also be related to an underlying weakness in attracting high paying premium customers. + +Keeping top talent is expensive and will be a long term concern for them. + +\------ + +**Personal experience with the platform:** + +**Positives** + +My personal experience with the platform has been amazing. I love the depth of music, I love the unlimited, I love the speed control on podcasts. + +The AI generated playlists are great and I listen to them a lot. + +I like that I can download stuff locally to consume offline. + +I am hyped about the idea of them rolling in audiobooks, that will add a lot more value to something I am already very happy with. There may even be room to raise the rates, I would probably pay more for it, not sure how much. + +I cannot imagine wanting to cancel Spotify. + +&#x200B; + +**Negatives** + +The search function is very poor. + +The Song Radios are a bit hit and miss. + +The downloading and syncing can be a bit tedious. + +The social features are extremely bad and the fact they are never updated makes me worry about the tech side of the company. + +In general the experience of using the home screen is poor. + +\-------- + +**Company at maturity estimates:** + +Currently there are 299m users of which 138m are premium, which is 46%, and 161m are free tier, which is 54%. + +Sub income is $1.75bn, meaning $12 per quarter, $48 per year average per user. + +Ad income is $131m, though this is lowball because of the Rona-adpocalypse, which is $0.81 per quarter or $3.24 per year average per user. + +&#x200B; + +Here’s some scenarios for where the company might be in 10 years: + +**Golden goose**: 1.5bn users of which 50% are premium, ad sales increase significantly, income per sub stays constant. Sub income of 750m subs x $48 yields $36bn. Ad revenue of $5 per year x 750m free users yields $3.75bn for a total of $39.75bn. + +**Global expansion with low financial yield outside the premium markets**: 1.5bn users of which 35% are premium, ad sales per user drop slightly, income per sub drops slightly. 525m subs x $40 yields $21bn, Ad revenue of $2.5 per year x 975m users yields $2.43bn for a total of $23.43bn. + +**Solid expansion with margins maintained**: 900m users of which 50% are premium, ad sales improve. 450m x $48 = $21.6bn from subs, 450m x $5 = $2.25bn from ads for $23.85bn. + +**Limited room for growth with strong competition emerging**: 500m users of which 50% are premium, ad sales improve. 250m x $48 = $12bn subs, 250m x $5 = $1.25bn for $12.25bn. + +&#x200B; + +So it looks to me like the revenue at maturity might be $12-$40bn. They did talk in the conference call about ad revenue growing significantly, for example $50bn is spend on radio ads per year, so maybe I’m heavily underestimating there. However even if they could capture and additional $3-$10bn from this that only makes the range $15-50bn of revenue. + +Next question is how to value the company from this. It looks like 25% gross margins are stable. Operating margins are all over the place recently and there are large fixed costs to running a global scale business which requires new tech for many phones and devices etc. + +Assuming a maturity net profit margin of 5% and assuming the goal of the investment is to earn 5% per year then the value of the company is about the same as the revenue. So it feels like all the growth is already priced in. If it’s valued on price/sales of more like 2-3x at maturity then there is room for it’s value to increase but without better net margins the yield will still be low. + +With a current market cap of $48bn applying a 5% discount rate for 10 years I'd ideally want a maturity company value of >$80bn which is maybe a bit of a stretch? The chance of them getting above that level feels a little challenging unless I'm missing some major pieces of the puzzle. + +I’d really love to hear other people’s opinions on how to value it because I’m struggling to make a strong case here. I know I tend to be a bit miserly with my valuations. + +Edit: Thanks for the input everyone. This is my final thought on it. To make $40bn in revenue they'd need a billion users, each one being monetised for $40 a year which sounds ridiculous to me. So yeah I think almost all the potential growth is priced in at this point. I appreciate all the help. +With over 50% of the float locked and counting, GME has to be way up there in terms of individual retail investor ownership via DRS. It got me thinking, this has to be some kind of record right? + +I'll update this post should I get a response. I think it would be pretty cool if GME held that record. Think of the coverage GME would get... +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 /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). +Sorry if ignorant, but ive never bought property before and looking to start. I've been looking in the greater Philly area for homes and due to covid pm everything in the burbs seems priced in or due for correction if rates go up a fraction of a percent. + +A mentor/friend of mine told me if I am looking to get into flipping and renting, I should target high crime areas because of how well they cash flow and because those areas appreciate greatly if gentrified. Wondering if anyone could give some advice or provide another opinion and weigh in on the risks +H&R has had some very positive updates since my last write up. This will be a catch up on H&R's near term catalysts, and why H&R maintains my top pick in today's market. There are some significant adjustments coming soon May 12th (earnings release), which I outline below. + +&#x200B; + +**Net Asset Value Increase Announced Coming** + +&#x200B; + +H&R has announced (Read their recent news released, linked at the bottom of this page) they have appraised their Residential and Industrial divisions in Q1. This is a very big announcement. They have announced "significant" increases are to be expected to the valuation of these assets. The key word they used is significant. Industrial and Residential make up 45% of investment properties as of December 31st (Q4), so any adjustment here will have a material impact. + +&#x200B; + +These adjustments were not expected by the overall market, so it will be a nice upside surprise. The reason for the sudden evaluation change is simple. In 2021, Primaris was planning to be spun off. During this time, all malls were appraised, and Residential and Industrial were left not appraised. This is simply due to time constraints. Only a percentage of all properties are appraised every year, and the Malls were done in 2021. Since the write downs in the 2020 pandemic, the valuation of Residential and Industrial have not been corrected upward. Yet, these were some of the hottest properties that increased in value the most during the pandemic. Hence, the "significant" increase in valuation of these properties will be released in the Q1 report, on May 12th. Get ready... + +&#x200B; + +What is "significant". This is the question. I do not see a 1-4% increase as significant. A 5%+ increase would be. The Q4 disclosed CAP rates for Residential USA is 4.34%, Industrial USA 6.79%, and Industrial Canada 5.13%. H&R REIT has very high quality properties. Residential properties on average are only 6.6 Years old, located in the HOTTEST sunbelt markets (Miami, Dallas, California, New York, etc) and have been raising rents materially fast (Residential is all in the USA currently, and do not have the same rent controls as in Canada). So considering how fast residential has been raising rental rates through the pandemic, and the demand, we know these will be adjusted significantly. In the Q4 earnings calls, there was a brief discussion with analysts regarding Residential CAP rates. Philip Mentioned that CAP Rates are "well into the 3's, not the 4's". There was some adjustment to asset values in 2021, but that was simply due to occupancy lease ups, not appraisals. At the end of Q1, this is the significant change in NAV we want to see. An adjustment from 4.34% to, lets say, 3.8% on residential, will be "significant". Residential is 32% of H&R's assets, and at a valuation of 3.5B and CAP rate of 4.34%. If we reduce the CAP rate into a 3.8% CAP rate, we are looking at a valuation increase of around 12% on 3.5B of properties = 3.92B. On residential alone, that's 420M, or about $1.50/unit increase. Now, I highly doubt we will hit an average 3.8% CAP rate on residential (but it is entirely possible, and it can easily be argued the properties are worth that), but you can see how a small change in CAP rate will incur a massive NAV gain. Industrial is a smaller portion of property values at 13% of assets, but will see a significant increase in value there as well. This leaves me to believe the NAV increase from the announced CAP rate adjustment will be in the $1-$2 NAV per unit range. + +&#x200B; + +That is not all for NAV. H&R REIT has purchased in Q1 9.7M units at an approximate 30% discount (this discount will be larger as the NAV is adjusted in Q1). That is a 38M increase in value, or approximately 15 cents per unit in Q1 alone (this keeps rising as buybacks are occurring every day). Add in retained FFO of around 50% at 4.3C per month = an additional 16 cents, for a whopping increase in NAV of a low $1.30 to over $2.00 in Q1 alone. I do not believe the market has been expecting this, or this is priced into the REIT. H&R to report $18.50 to $19.50 NAV is very possible, but if we are on the ultra conservative side, $18.70 to $19.00, with $20.00 NAV being on the very high end, depending on what these CAP rates come in at. Either way, all the news is good here, and none of this is priced into the REIT, in my opinion. + +&#x200B; + +**Unit Buybacks & Asset Sales** + +&#x200B; + +Although already mentioned, buybacks have been very aggressive, purchasing 173,000 units per day at an average cost around $13 ($2,249,000 per day). Over $140,000,000 has been purchased and cancelled year to date so far. This is excellent use of capital. This is at least a 30% instant return on investment. However, it should be noted that this is also very expensive. H&R has approved 28,000,000 units for repurchasing, which had doubled their original NCIB of 14,000,000. H&R would not have doubled their NCIB early, unless they expected to fully utilize their first NCIB, and begin utilizing their 2nd. At an average $14/unit (because I do believe H&R will rise pretty soon) is nearly a $400,000,000 budget. H&R has the capital funding to support this (nearly 1.1B in liquidity), but they will not simply drain their cash and dip into their LOC to fund this. H&R's strategy is to be a streamlined Residential and Industrial REIT, and sell off its Office (except some properties to develop into residential), and sell off the Retail, at opportunistic times. That time is now with a guaranteed 30% ROI through buybacks. In the annual letter to unitholders, the next initiative is to sell Retail. It is my belief, this is going to happen very soon. In Q1, H&R paid off almost $100M in property mortgages as stated in their annual filing. This would align nicely with paying off retail mortgages prior to an anticipated sale. The sale of Retail properties would go to fund continued buybacks. I do expect to hear about Retail property asset sales in Q2, Q3 at the latest. H&R has high quality assets. The assets they are selling have long WALT (Retail 8.5, Office 9.3), and are investment grade office or grocery anchored retail. These properties are in very high demand, and will likely fetch OVER stated NAV, resulting in further NAV increases not included in the NAV adjustments above. + +&#x200B; + +**Distribution Increase** + +&#x200B; + +Not discussed, but the picture has been painted, is the coming distribution increase for H&R REIT. H&R has made it clear their payout ratio target is 45% to 55%. We will know better at the end of Q1 what the current payout ratio is since the PMZ spin off, but its widely expected we are sitting closer to 45% than 55% today. With Buybacks continuing at full tilt, the payout ratio continues to lower everyday, and SPNOI continues to increase. This will mean that a rise in distribution is very likely, and that rise in distribution will support the unit price recovery. As buybacks are happening, it would not make sense to raise the distribution until either the unit price has recovered, or H&R is nearing the exhaustion of the NCIB. After all, the goal is to buy back as many units as cheap as possible to give unitholders the largest return on each purchase, and the distribution increase will only act as a further catalyst in raising the unit's trading price. We should expect the distribution increase to coincide just before the buybacks end. This is not a bad thing. It will help solidify the gains. + +&#x200B; + +**Conclusion TLDR** + +&#x200B; + +What you are seeing before your eyes is the H&R transformation plan, being executed as described by management. They have been hitting it on every aspect, and the most important thing in real estate is Quality. Quality location, quality assets, and quality tenants. NAV is about to get an unexpected boost through asset sales, buybacks, and most importantly, CAP rate compression. H&R is about to have one of its best reporting quarters ever, and as outlined above, there is much more to come. + +&#x200B; + +**Sources:** + +Recent News Release - [https://www.newswire.ca/news-releases/h-amp-r-announces-increase-to-normal-course-issuer-bid-anticipated-fair-value-increases-of-assets-date-of-first-quarter-2022-earnings-release-conference-call-and-webcast-and-declares-april-2022-distribution-871236518.html](https://www.newswire.ca/news-releases/h-amp-r-announces-increase-to-normal-course-issuer-bid-anticipated-fair-value-increases-of-assets-date-of-first-quarter-2022-earnings-release-conference-call-and-webcast-and-declares-april-2022-distribution-871236518.html) + +Annual Information Form (SEDAR) + +&#x200B; + +Q4 Annual Report (H&R's website) + +&#x200B; + +Q4 Investor Presentation - [https://www.hr-reit.com/wp-content/uploads/2022/03/HR-Investor-Presentation-Q4-2021-Final.pdf](https://www.hr-reit.com/wp-content/uploads/2022/03/HR-Investor-Presentation-Q4-2021-Final.pdf) + +&#x200B; + +**Disclosure** + +&#x200B; + +FFO Payout Ratio will need to be adjusted based on any Retail asset sales coming up. COVID continues to be a wild card for all REITs. This is not investment advice. Do your own Due Diligence. I hold H&R Long, but unrelated to my investment thesis, I plan on selling a portion of my holdings to fund some cash demanding expenses coming up, and to reduce my personal leverage, but will continue to hold a material amount of H&R. The exact FFO per unit H&R is generating without Primaris since the spin off will be revealed in the Q1 report, and give us a better understanding of H&R's FFO multiples, payout ratios, and other projections going forward. +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. +This is a cautionary tale. I decided to focus almost exclusively on selling options during 2020 to see how it went. I’d say it was a worthwhile experiment, but for many reasons it showed me that active trading like this is a poor use of time and resources. + +___ + +UPDATE Dec 22: currently at $280k in my account, mostly from selling CSP on ABNB at the right times and riding volatility and volume on it. So that gets me closer to $150k in gains for the year, with about $32k in total commissions and fees, so net ~$120k. + +I also forgot to mention that I took a $37k @ 0% interest cash advance on a credit card to juice my buying power, so that means my ROI is even sweeter, at around $120k on $210k, or 57%. Not so bad after all. + + +—— + +Canuck here, so no RH equivalent for free trades. + +I use questrade and have been meaning to switch to interactive brokers for months, but kept telling myself “I can’t take a break for even a week, I’ll miss out”. + +Well after looking more carefully at my October statement, I’m mad at myself and ready to miss out for a week while things get transferred over. + +My gains would have been far more impressive but I fomo’d into a pltr trade 2 weeks ago and lost $24k (I ask for neither pity nor scorn), and I’ve had a few massive losers since July, missing any one of which would have had my account an extra $100k higher. + +___ + +Edit to add account value for context: + +I started the year with about $95k in the account and deposited about $150k over the year, for $245k in contributions (the majority of that was added in June/July after big losses). + +I’ve withdrawn $80k, paid $30k in fees, and have $210k in the account as of today. +So that’s around $75k of gains before fees. + +Fees (as of November) were 40% of gains. That’s appalling. +Return before fees of 30% is pretty good, but net of fees is barely more than 18%. Also kind of appalling, considering all of the work and stress. + +Had I just held my goddamn tech leaps I’d be up 200-400% for the year, easily. +I’d say that pursuing theta and wheeling was a mistake for me. + +If even just one of the massive losses I took hadn’t happened (between $60k-115k each on zs, MSFT, dkng, pltr) then things turn around significantly and maybe it would have been worthwhile. +If you are glued to the charts and stressing over todays dip... relax your tits. Experienced apes warned you yesterday to expect this. Old news. + +Just keep in mind: + +1) GameStops Board has a fiduciary duty to their shareholders. They have a legal obligation to make sure any decision they make benefits their shareholders... + +2) The CEO got hired-on and given stock allotment at a price in the $200's. He isn't going to watch his salary depreciate by 40% for nothing. + +So... don't fret too much if they are being silent right now. They think that it is legally their best course of action. Otherwise GameStop would be facing the mother of all lawsuits after this is over... + +So. What is GameStop actually doing? + +In my opinion... they are building their own blockchain stock exchange. + +They aren't just worried about NFT dividends. They aren't worried about shorts covering on the open market. + +They have set the stage to take their ball and go home. + +They posted in their release during the 5mil share sale that they could take their shares to another depository if they feel it was needed. + +https://sec.report/Document/0001193125-21-186796/#supprom192873_21 + +*"If a depository for a series of securities is at any time unwilling, unable or ineligible to continue as depository and a successor depository is not appointed by us within 90 days, we will issue individual securities of such series in exchange for the global security representing such series of securities. In addition, we may, at any time and in our sole discretion, subject to any limitations described in the applicable prospectus supplement relating to such securities, determine not to have any securities of such series represented by one or more global securities and, in such event, will issue individual securities of such series in exchange for the global security or securities representing such series of securities."* + + +IMO: **They are talking about *their* depository.** + + + + +We have had employees talking about changing the entire financial system: + + + +Apes, we aren't just investing in a retail store. We're possibly investing in the next, and first, US-based blockchain stock exchange... + + +What if the SEC meetings in May weren't to discuss GME's stock, but to discuss the regulations on opening a new exchange? + + +What if the 5mil stock offering wasn't to fund new expansion, but instead, to fund that new stock exchange? + + +What if all the recent DTCC rules haven't been implemented simply to limit short liability... what if it's to limit the exposure to a share extraction? + + +What if RC went to the SEC and said "Stop this shit from happening, or I'm taking every share of my company off the exchange"... and THAT's why all these rules have been fast-tracked onto the books?... + + +What if we are the first investors in the only US-based blockchain-supported stock exchange? + + +What if GameStop really does change finance forever... + +**Edit:** + +u/clawesome just posted this awesome detective work: + +https://old.reddit.com/r/Superstonk/comments/otdhum/the_ethereum_address_ive_been_following_with_the/ + +It shows an ETH address that he has been following, that has had deposits made in the same amounts as the shares that GME has recently issued. + +This is actually not unheard of, either. A company owns the Nasdaq Exchange (Nasdaq Inc) that has itself listed on the Nasdaq (Ticker: NDAQ). + +**Edit edit**: + +Fellow Ape pointed out tZero. I agree it makes infinitely more sense to join an existing blockchain platform than to create one. I can not edit the title or I'd include this... + +Either way... I don't think GME is going to be listed on it's current exchange much longer... + +**Edit edit edit**: + +GameStop just listed an absolute shit ton of corporate job positions on their website... Including multiple Data Scientists etc... +Hi all, this might be long, idk yet. Any input is extremely appreciated. + +I will be moving to the UK (from Turkey and I'm a Turkish citizen) to work as a doctor in the NHS in a couple of months, hopefully. I don't want to bore you all with the details. I really don't mind if you correct me at anything, I'm trying to adopt to a whole new culture & country so it is quite possible for me to make mistakes. + +I am not sure of all the details yet but I need some serious financial advice. + +I will be working as a junior doctor in the NHS, still looking for jobs but considering my level and possible work-load, I assume I will earn around £2-2.5k after tax per month, maybe close to £2.7k if I have the energy to do extra shifts. Sorry I am so used to calculating my salary monthly, I think I need to get used to mentioning it before tax and annually, this is how it is in the UK right? + +I will be in England, not sure about the city yet but it will not be important for my questions. My goal is to just adapt the new culture, try to fit in and become a citizen of the UK but in the first years I will be on a working visa. + +I have saved up around £15k in 2 years while working as a doctor in Turkey. It may not be much but considering I was earning around £1-1.2k and I have already spent around £5k to the exams and travels, you can understand how important this money is for me. I literally didn't spend on anything unnecessary in the last 2 years to start my new life in the UK. + +I want to move this money to the UK. I don't know what's the best way to do that. I have already paid taxes in Turkey so you can understand that I don't want to pay them again in the UK. Should I just shove it in my suitcase as cash and declare it at the customs and then deposit it in a bank in the UK? To be honest, I don't know if I can just walk into a bank and deposit it as a cash to my bank account (I could do this in Turkey, no questions asked)? Should I accept the bank transfer fees and transfer it digitally as soon as I open a bank account in the UK? Should I use money transferring websites (I used transferwise with ease before)? + +&#x200B; + +My next question is, I want to buy a house in the long run in the UK and I don't like taking risks with my money. I will be renting initially but as soon as I find the city that I like, I will consider buying. What's my best option to do with the money that I have already saved? I hope to be able to add to that regularly as soon as I get settled. I was thinking of sparing £5k for emergencies but where should I save it, what type of account am I talking about? What should I do with the remaining £10k? + +&#x200B; + +Other question is about pensions. I have read that NHS offers a decent pension. Is it possible to contribute extra to that? Do you recommend it or should I do something else if I have any money left? + +&#x200B; + +Other related financial information, I will need to withdraw around £4-5k in 5-6 years for some personal matter. + +&#x200B; + +I knew how to spend my money so far but this is something new and I am really open to any suggestions, even as simple as "don't use bank x, their iOS app is not good". I have been very interested in my payslips, my bank contracts, my pension contributions, taxes etc. and I gained quite a knowledge on those in Turkey. I am not trying to brag or anything but I feel really sorry that all that knowledge will be useless now and I will somehow lose all my savings (or not be able it use them well). + +Money is not the priority in my life, I just want to have some help in the beginning. + +Edit: Is there a source that I can have a look to understand about different bank accounts and simple economic terms of the UK? + +Edit 2: I can’t thank you all enough. UK has the best community on reddit for sure. All your replies and messages mean a lot to me. I am glad with my decision and I hope that I can also help you if our paths cross in the future, just ask every doctor from now on if they are the one asking for a financial advice on reddit :) Jokes aside, thank you and have a great day! +Why does it feel like every time I place a trade the price reverses? I never rush into trades, I patiently wait for the price action to confirm my position and make sure each trade ticks all my boxes and yet as soon as I place the trade, the price reverses and I get stopped out. How can this be the case so often? Am I getting in too late? Or do I need to set my stops further away? +any advice would be great really, so here is my situation, i started trading live like 3 months ago and I have been in a great streak, i have just lost money even though I did back testing on my strategy and used it on a demo for more than 3 months. I'm getting really frustrated and i feel like i can't do trading any more, I'm a bit worried that if I keep going i could simply enter into a depression state. + +i have los lt a lot of money since I was 17 cuz is when i started, a few years back i started to getting it but now I feel like a piece of shit honestly. I'm 24 right and idk if I took the right decision. + +if I should stop, for how long should I? + + i could be explain more of my situation but i don't want to bother with too much text. thanks in advance for any help! +Hey guys, I’ve been watching a lot of videos lately and done research, and google says, that most candle stick pattern need a couple to a few days to form . +Also the guy in the Video explained everything really well and I understood everything until I realised that his timeframe was over a few of days or even couple weeks. +I was like great..But what if I want to day trade? +I know indicators help you out as well, but I just wrote down all those patterns only to realise that they’ll only benefit me in swing trading...? +Am i missing something? +First I want to say that in DayTrading and in Crypto, SL orders are essential because of the short length of the trades and the volatility involved. + +However, in Swing Trading, Stop Losses are not the only way to manage your risk. + +Diversification and position management, in my opinion, are better ways to manage risk in a medium term trading portfolio such as a swing trading one. + +For example, I never open a trade with more than 2% of my portfolio. That means if the trade I opened declines (purely hypothetically) by -50%, the loss on my total portfolio would be -1% and there are chances all my other open positions will make up for that loss (unless the market is in the middle of a big correction or, worse, a crash) + +This is only a way to do it, there are many others. + +Now, let's see why from a technical point of view I don't use SL orders. + +I trade Oversold/Overbought levels and their breakouts, so a "perfect" trade for me looks like this: + +[ticker:ENR](https://preview.redd.it/e2uju4zh2f571.png?width=1024&format=png&auto=webp&s=391dd81d8d388ea54d31c19fe53d8ec002860928) + +From the picture above, I look to buy the oversold breakout (green circles) and I look to sell the reaching of the overbought level (red circles). + +I don't care too much of the noise in between as I backtested this setup extensively. + +Now, not all trade are the same, of course, otherwise I would be rich already :-) However is important, and actually is very, very important, to manage losing trades as well as the winning ones. + +Let's a have a look to a trade that didn't go as "planned", or to say it better (because once you open a trade you never know what it will do in the short term), didn't shoot up to Overbought straight away: + +&#x200B; + +[ticker:ENR](https://preview.redd.it/12h6qe1b3f571.png?width=755&format=png&auto=webp&s=694f966a0d2fca6682f2a152a2dca1ae9059a894) + +In this case, I would have traded exactly the way I always trade, however you can notice how, after buying the stock (green circle) the price first goes up, then comes down (yes - stocks go up and down, not only up!) and after around 2 months my trade would have been in the red, so I would have been losing. + +If I had a Stop Loss somewhere below the previous Swing Low, I would have been stopped out, and the trade would have been closed. + +But pay attention, my trade would have been closed somewhere near the worst possible point that I could close it, because not long after that, the stock price starts to reverse again and shoot up until it finally reaches the Overbought status. + +That's where I look to sell. And in this case I would still have made a profit. A small one, but better than having been stopped out at a loss. + +And that's why I say that I don't care too much about the noise in between, because I know that the best bet I have is waiting patiently (this trade would have lasted 3/4 months) for the level that I wanted to sell when I first opened the trade. + +Thoughts? + +Note. DO NOT do this with crypto or Daytrading, 1min chart, scalping etc.!! +I'm curious about the target date fund strategy. Should the people who have their funds in the 2025 target date fund be nervous? Shouldn't these returns for the last few years (up until the target date) be relatively flat? I know this is because the secondary bond market is down, along with equities. + +I'm wondering if a better (similar) strategy would be to just invest in some kind of broad market ETF (VOO), and then rebalance the portfolio manually, buying physical bonds and holding them until maturity. +It doesn't matter that the market will crash. This isn't a choice anymore, they can only kick the can down the road for so long. This is hurting the average person severely, there is already a lot of uproar. This isn't getting better, they have to act. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +While everybody is talking about a goofy, irrelevant streamer destroying a silly tile game, legislation is being passed that’s gonna deprive Apes of banana 🍌. Get your head back in the game apes. So you got a dividend coming, job finished? Jobs not finished. Get back on BCG, expose them. + +Not to mention this distraction comes when there is finally proof that the RRP we have been watching all this time has been used by the FED to bail out the hedgies. + +Reporters are black listed from reporting who exactly the hedgfunds are that the fed is bailing out. So much more important things than a silly tile game. It’s the weekend, get back to work Apes. +My dad was terminated this morning from a job he has been at for 20+ years. This termination was justified as he got in 2 accidents in 1 year which warrants termination. My parents aren't financially smart aka why my dad is 73 and working full time. He still needs money to survive and I'm not sure who would be willing to hire someone at his age? Any advice or suggestions? Any resources that would be of help? He is a veteran in the state of Massachusetts. Thank you all in advance. I'm not sure how to help or where to turn and I feel scared and alone. Thank you in advance. + +Edit: I am so overwhelmed with all the advice and support. I'm trying to read and respond to every comment. Thank you all so much. You are all a light during this dark time. Thank you. + +Second edit: I didn't expect this to blow up. This is the most social interaction I've had in years 😂😂. I am compiling a list of questions to sit down and ask them as well as advice and job suggestions you all have given me. Thank you all very much! I wish you all health and happiness. +that’s twice in a week that we’ve these kind of threads. It’s FUD. These highly upvoted, award given, ‘i developed stage 4 lung cancer but at least im Hodling..”, posts are trying to paperhand you. they want you to think it’s okay to sell. + +stop disclosing your financial situation, simple as that. as a fellow retail investor, i’m riding this shit to the muthafuckin MOON baby 🙌🏽 +Good afternoon r/dividends, + +This post is designed to serve as a reminder that we here on the subreddit do not permit the discussion of securities with a market cap under $1 billion USD. This rule is (and has been) located on the subreddit sidebar, under Rule 9. The exact phrasing is: + + **9.Abuse of the community** + +We do not allow: + +* Utilizing the community as test subjects for market research +* Taking advantage of any community member +* Conducting so-called "social experiments" or "pranks" on community members +* Karmawhoring +* Using the subreddit as a recruiting platform +* Testing a product or service on the community or any of its members +* Potential market manipulation by the creation of dedicated posts & comments on companies currently trading with a market cap under $1 billion USD. + +Please note. Even if the security does not trade in USD, this rule still applies. The post will be removed if the security's USD equivalent market cap or AUM is less than $1 billion. + +**Why is this post being made?** + +In the last week, I have seen and removed over a dozen posts made about these minor companies. We do not have this rule because we want you to only invest in large companies. There are quite a few small cap companies which have made excellent returns. That is not the issue. The issue is the potential for market manipulation. In the United States (where Reddit is based), investment media journalists are not allowed to make buy/sell recommendations on live tv if the stock is under a certain market cap. This is because these shows get hundreds of thousands, or millions of eyeballs. This subreddit is no different. I make public [the viewing statistics](https://www.reddit.com/r/dividends/wiki/statsfornerds/monthlytraffic) for this community. Last month, about 190,000 unique users viewed the subreddit. If we each had an average of $10,000 in our portfolios, then you are looking at approximately $1.9 billion in assets. That amount of money directed at individual small-cap stocks could cause dramatic swings in price and volume. + +I built a filter for Automoderator that automatically removes any post in violation of this rule. It has been running for some time. However, it is not perfect. I am making this post to help the average user of the subreddit be more aware and to report any post they see in violation of this rule. I do not know about you, but I do not want to be dragged in front of a congressional committee for market manipulation. + +Thank you for participating in r/dividends, + +u/Firstclass30 +It's my first week of letting my algo run, and I have been worried about leaving it work, especially overnight. I had some bugs that cropped up on the first couple days of trading, but I believe they're fixed now, and were bugs that never would've showed up outside of realtime trading. Should I take the risk, and let my program trade overnight and hope for the best? Will this fear always sit in the back of my head? + +I'm not trading with a huge amount of money, but I hate losing money when it's to something that shouldn't have happened. In the event that my program shuts down, I'm left with an open position that has to be manually closed, hence the air of caution. +Some of the top posts on this sub are people saying their algo took them from X figures to X+2 figures in a year, which sounds unbelievable. + +Is this a ridiculous outlier? The same way your stock could technically go up several hundrted % at any given moment but that doesn't mean it's even remotely likely. + +I'm tempted to study maths/statistics/coding more if this is all a legit sub and people aren't making/exagerrating this stuff. +[I had to delete and repost this, because I accidently broke a rule the first time. Kind of difficult to discuss because of brigading rules, but I'll try...] + +A screenshot in the Loopring sub caught my attention. u/jetsetrichie was pleading with a mod of another *unnamed* sub, to allow conversation of their currency. + +As Loopring started taking off, all communication of it was banned, and there was really no great explanation that I could find. My expertise is mostly in stocks, so I don't follow CC subs. But apparently it hasn't happened there before, even when other, less superior currencies started surging in the past. So yeah, seemed quite strange to them too. + +It really reminded me of how and why we all made our way to Superstonk months ago. + +I know we've all been through it, but it still feels so bizarre. +So, I’m just one person in the stock market, so my perspective and knowledge is limited to my own, so pardon please. I’m trying to wrap my head around the current situation with the fed and the interest rate hikes and deleveraging events etc. + +So…we have high inflation rate, which is are supposedly suppose to be temporary because of supply chain issues. But the source of these supply chain issues don’t appear to look resolved anytime soon, so the inflation rate has stayed consistently hot for a couple of months and looks like it will for the for the forseable future. So the fed is raising rates, which has caused the stock market bubble to burst, but barely tame inflation, as to tame inflation yoi have to raise rates above the rate of inflation. + + +So now we’re in a situation where, if the minimal rate hikes don’t curve inflation, they’ll have to raise them much higher, which will crash the economy. Or the FED will ignore this, and inflation will continue to run hot, causing significant dollar devaluation. + +And the fed is hoping that this becomes resolved via supply chain issues that don’t look like they’re going to end anytime soon? +I keep hearing about the “tight labor market”. Number of people voluntarily quitting has gone up while unemployment % has gone down. + +How many of you have done this? + +Has anyone moved from office/retail to construction, trucking or other employment that’s desperate for workers? +Wish me luck, I’m betting against TSLA. Just sold a Apr 1st 835,845 call spread. Win/loss $350/$650. Yeah, it’s peanuts, but that’s what you do when you bet against the Elon. + +Reasoning? Stupid P/E, and increasing competition. Tesla already cut the price on some models, and there are more alternatives coming. That Audi e-Tron looks awesome. + +UPDATE 1: Okay, I admit my "DD" is lame. This is a low-risk/low-reward, short-term trade, so I phoned it in. I'm a premium seller, and I don't know how to do research. + +UPDATE 2: To all you permabulls out there: If this trade wins, I'm keeping the profits. If it loses, I'll donate 2x the loss to charity, and I promise to never go against Papa Elon again. + +UPDATE 3: Closed trade for 75% of max profit. Skill is good, but luck is awesome! +[https://www.cnbc.com/2022/07/08/elon-musk-notifies-twitter-he-is-terminating-deal.html](https://www.cnbc.com/2022/07/08/elon-musk-notifies-twitter-he-is-terminating-deal.html) + +Billionaire Elon Musk wants to end his deal to buy [Twitter](https://www.cnbc.com/quotes/TWTR), according to a [letter](https://www.sec.gov/Archives/edgar/data/1418091/000110465922078413/tm2220599d1_ex99-p.htm) sent by a lawyer on his behalf to the company’s chief legal officer Friday. + +In the letter, disclosed in a Securities and Exchange Commission filing, Skadden Arps attorney Mike Ringler charged that “Twitter has not complied with its contractual obligations.” +Hey all, + +Putting together a longlist of TSX small caps to keep an eye on in 2021 with the end game being a 10-15 stock list of the ones to watch (under 5$) - CDN Small Cap Disruptors ETF if you will. Hers the ones I have: + +Loop Insights Inc + +Bitfarms Ltd + + Fire & Flower Holdings Corp. + + Numinus Wellness Inc + + Dynacert Inc + +Good Natured Products Inc + + Hpq Silicon Resources Inc + + Hive Blockchain Technologies Inc + + Jack Nathan Medical Corp + + Greenlane Renewables Inc + + Mind Medicine Inc + + Converge Technology Solutions Corp + + Score Media and Gaming Inc + + Cloudmd Software & Services Inc + +Feel free to roast the list or throw in your pics. +# [The Big Short’s Michael Burry Explains Why Index Funds Are Like Subprime CDOs](https://www.bloomberg.com/news/articles/2019-09-04/michael-burry-explains-why-index-funds-are-like-subprime-cdos) + +Every so often someone would post here some article or column about how the fact that "everyone is moving into index investing and how that would kill the market", as there would be no untapped value stocks and no opportunity for growth . There would be long discussions why this was or was not the case that would drag for days. Do you guys remember that? + +I think this whole Wall Streets Bets and Gamespot brouhaha kinda of settled this discussion, at least for the time being. It seems that the market is nowhere near being "overtaken" by Index Funds and passive investors, quite the contrary in fact. What do you guys think? +## Preface + +Over the past year I’ve spent countless hours outside my career and familial responsibilities independently researching and writing as part of ongoing effort to debunk the portrayal of Retail Investors by news outlets as bad-faith, reckless market participants through a fact-based understanding of how the collapse of Greensill and then Archegos Capital groups were related events triggered by a short squeeze in the bond market that left Credit Suisse holding a [€1.5 billion bag](https://www.cdsdeterminationscommittees.org/documents/2021/01/emea-dc-issue-2020120201-europcar-mobility-group-s-a-final-list-11-january-2021.pdf/) - a narrative that remains unreported by financial reporters to this day. + +Until recently part of my [overarching theory](https://www.reddit.com/r/Superstonk/comments/qib1my/gamestop_and_hr_4618_short_sale_transparency_and) involved Archegos utilizing a Convertible Bond Arbitrage strategy referred to as Chinese Hedging by investing in tranches of Greensill-issued, Credit Suisse-syndicated loans with the goal of profiting off the demise of companies during bankruptcy auctions. The financial instruments employed by Archegos allowed them to avoid cross-broker margining, obtain obscene leverage and led me to believe Credit Suisse silently cultivated a [Credit Insurance Bubble](https://www.reddit.com/r/Superstonk/comments/pk08rq/clos_reverse_repos_and_gamestop) through the operation of a “[shadow CLO market](https://www.reddit.com/r/Superstonk/comments/q12t4g/credit_suisse_greensill_archegos_evergrande_and)” that only became visible once the Archegos assets were liquidated and publicly repriced via SOFR. + +Then I decided to read *[Structured Credit Products: Credit Derivatives and Synthetic Securitisation, 2nd Edition | Wiley](https://www.wiley.com/en-us/Structured+Credit+Products%3A+Credit+Derivatives+and+Synthetic+Securitisation%2C+2nd+Edition-p-9781118177136)* during a few vacation days last week and some important realizations dawned on me: +1. It was *Capital Structure Arbitrage*, not Convertible Bond Arbitrage, that Bill Hwang practiced through the use of Total Return Swaps (as suggested by earlier [reports](https://www.wsj.com/articles/what-is-a-total-return-swap-and-how-did-archegos-capital-use-it-11617125839) and the Credit Suisse [legal review](https://www.credit-suisse.com/media/assets/corporate/docs/about-us/investor-relations/financial-disclosures/results/csg-special-committee-bod-report-archegos.pdf) of Archegos) +2. A financial derivative exists called a **Credit Linked Note (CLN)** that is similar but different from a Collateralized Loan Obligation in that it is more open-ended and specifically known to be used by those seeking to profit from the bankruptcy of companies + +Once these key learnings began falling into place I started recognizing some overlaps between my research and that of another author whose findings I felt were correct but parallel to my own until now - u/Criand. + +## The Criand Connection + +Criand has not only written about a derivative-driven [Speculative Bubble](https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much) reminiscent of 2008 but also on the topic of “Meme Stock” baskets following [Futures Roll Periods](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity). Which is why, when I came across the following excerpt from a chapter on Capital Structure Arbitrage in the structured finance book, I was pretty “excited”: + +> “An example of such a trade opportunity arose in the last quarter of 2009. Equity levels worldwide had risen since their lows of March that year, and as expected credit spreads had also tightened during this period... We observe that the CDS price has fallen back down to its level at the time just before the Lehman collapse in September 2008, whereas the equity index had still to recover to that level. This suggested that equities still had further upside, relative to credit spreads. **A potential trade would therefore be to acquire an exposure to the equity index, perhaps via an exchange-traded future, and buy protection on this same basket via a CDS basket trade**.” - [Structured Credit Products: Credit Derivatives and Synthetic Securitisation, 2nd Edition | Wiley - Chapter 5](https://www.wiley.com/en-us/Structured+Credit+Products%3A+Credit+Derivatives+and+Synthetic+Securitisation%2C+2nd+Edition-p-9781118177136) + +Wow, amazing, I thought. Here is a hypothetical trade related to Total Return Swaps involving a time period overlapping with the last financial crisis and the trading of both futures and CDS baskets 🤯 + +The second part of *The Criand Connection* involves the author’s recent discussion around [Variance Swaps](https://www.reddit.com/r/Superstonk/comments/qvtmxm/clearing_up_some_things_about_options_and_how_it) and the purpose they’ve been serving. Until now my writing merely brushed up against Variance Swap theory through reference of [OTC Options](https://www.investopedia.com/terms/o/otcoptions.asp) in a pre Superstonk-approved post titled “Shake Your Market Maker” that was my best attempt at: +1. Explaining the OTM put options from July 16th, 2021 +2. Making sense of u/nayboyer’s OTC research and +3. Rationalizing Robinhood’s weird July 28th, 2021 [announcement](https://www.foxbusiness.com/markets/robinhood-ipo-twist-business-model) that they were considering becoming a “standalone market maker.” + +Then I stumbled across this explanation of Variance Swaps and voila, another a-ha moment: + +> “**Variance swaps have become popular risk recycling tools among dealers whose large structured products businesses leave them short correlation.** Dealers can buy back correlation from hedge funds via dispersion trades, in which **hedge funds take a short variance swap on an index, while buying variance swaps on the constituent single stocks.**” [Risk.net](https://www.risk.net/definition/variance-swap) + +This is also 🤯 to me because not only have GameStop and other “Meme Stocks” certainly left dealers of structured products short correlation throughout 2021 but ETFs like XRT have been heavily [shorted](https://www.reddit.com/r/Superstonk/comments/q3858o/spdr_sp_retail_etf_ticker_xrt_gamestop_gme/) throughout the year as well. + +Which is a natural segue to the second major part of this post: the root cause of this whole mess. + +## Credit Linked Notes + +These notes represent a critical puzzle piece missing from my research - a “smoking gun” of sorts - and have been right under my nose the whole time. + +I was totally unfamiliar with the complexities and uses associated with structured notes prior to reading a subsection from the Capital Structure Arbitrage chapter of the structured finance book on ***Enhancing Portfolio Returns*** that says: + +> “Asset managers can derive premium income by trading credit exposures in the form of derivatives issued with synthetic structured notes. The multi-tranching aspect of structured products enables specific credit exposures (credit spreads and outright default), and their expectations, to be sold to specific areas of demand. By using structured notes such as credit-linked notes (CLNs), tied to the assets in the reference pool of the portfolio manager, the trading of credit exposures is crystallised as added yield on the asset manager's fixed income portfolio. In this way, the portfolio manager has enabled other market participants to gain an exposure to the credit risk of a pool of assets, but not to any other aspects of the portfolio, and without the need to hold the physical assets themselves.” - [Structured Credit Products: Credit Derivatives and Synthetic Securitisation, 2nd Edition | Wiley - Chapter 5](https://www.wiley.com/en-us/Structured+Credit+Products%3A+Credit+Derivatives+and+Synthetic+Securitisation%2C+2nd+Edition-p-9781118177136) + +That resonated with me because I had semi-recently read about Credit Suisse investing heavily in Greensill notes: + +> “…the insurer providing protection against defaults on loans Greensill Capital arranged decided not to renew its coverage, effectively yanking away an important safety net for investors in its notes. And **Credit Suisse Group AG, which ran funds full of those Greensill notes**, decided it was so uncertain of their value that it had to freeze all four of the portfolios, making it impossible for clients to immediately get their money out.” - [Bloomberg - September 8th, 2021](https://www.bloomberg.com/news/features/2021-09-08/why-did-greensill-collapse-the-simple-problem-behind-the-financial-empire) + +And unwittingly referenced the notes in a post of my own [here](https://www.reddit.com/r/Superstonk/comments/p9rlwv/gamestop_lay_back_enjoy_the_show) while quoting an excerpt from the British Parliament hearing on Greensill that I suspected tied Archegos to Greensill that stated: + +> ”**Greensill issued secured commercial paper via a Special Purpose Vehicle (SPV) registered in Luxembourg**. The FCA provides a definition of an SPV as a legal entity explicitly established for the purpose of securitising assets. **Greensill packaged up individual invoices into notes that were purchased by Greensill’s investor base. Some of these assets were purchased by outside investors, for example a fund managed by Credit Suisse**. Others were bought by Greensill Bank, a bank owned by the Greensill Group which was domiciled in Germany. Greensill’s reliance on investor funding made it vulnerable to a contraction in the supply of such funding.” +[U.K. Parliament, #17 - July 20, 2021](https://publications.parliament.uk/pa/cm5802/cmselect/cmtreasy/151/15105.htm#_idTextAnchor011) + +Which, again, resulted in another 🤯 moment when I came across a [legal brief](https://www.mayerbrown.com/-/media/files/perspectives-events/events/2020/10/reverse-inquiries-workshop--issuing-credit-linked-notes.pdf) published on October 13th, 2020 by the law firm *Mayer | Brown* that: +1. Specifies Credit Linked Notes are issued by Special Purpose Vehicles +2. Makes reference to Hertz, the Vatican and “Gambling on the failure of others” - a sad but truthful tale regarding the usage of donation money by a Cardinal investing in notes covered by the FT [here](https://www.ft.com/content/f966e8b4-945a-45d0-8391-a305b3d8f7f5) + +Reminding me of the fact Apollo Global Management just made a whopping ~~$1.5bil~~ $375mil [windfall](https://www.bloomberg.com/news/articles/2021-11-17/hertz-selling-1-5-billion-junk-bond-for-preffered-stock-buyback) on Hertz and were also publicly [interested](https://mobile.reuters.com/article/amp/idUSKBN2B4233) in Greensill’s assets earlier in the year. Also seems worth noting that many banks had SPV programs with ties to Greensill… which might help explain the generally negative sentiment by many on Wall Street towards former “Meme Stocks” like GameStop. + +For these reasons, I’m surprised more people aren’t eagerly awaiting the report on Greensill by Credit Suisse that was supposed to be published in early October but was unfortunately [delayed](https://www.bloomberg.com/news/articles/2021-10-11/credit-suisse-to-delay-publishing-findings-from-greensill-report) considering: + +> “CLNs are a form of credit derivative. They are also, in all their forms, bond instruments for which **an investor pays cash** upfront, in order to receive a periodic coupon and, **on maturity or termination**, all or part of its initial purchase price back. That makes CLNs virtually identical to cash bonds. The key difference is that the return on the CLN is explicitly linked to the credit performance of the reference security or reference entity.” - [Structured Credit Products: Credit Derivatives and Synthetic Securitisation, 2nd Edition | Wiley - Chapter 3](https://www.wiley.com/en-us/Structured+Credit+Products%3A+Credit+Derivatives+and+Synthetic+Securitisation%2C+2nd+Edition-p-9781118177136) + +Perhaps there will be notes maturing in January 2022 that will need to be paid for in cash given the fact Archegos preferred non-cancellable bullet swaps with a 24mo tenor? Why else would the Variance Swaps be needed? + +## Conclusion + +After many months of research I’ve come to the independent conclusions that: +1. Criand has been correct with regard to a significant number of topics +2. Archegos seems to have been gambling on the failure of others by investing in Greensill-issued CLNs arranged by Credit Suisse +3. Structured Finance explains a lot and needs to come first - ahead of Retail Investors - in the “Meme Stock Blame Game” + +🐸 🍦 + +— + +Shoutouts to u/No-Intention1744 for broaching the topic of structured notes on April 23rd, 2021 in their post [here](https://www.reddit.com/r/Superstonk/comments/mwl3ru/the_shit_tickets_in_your_portfolio/) and all the incredible DD authors involved in the Variance Swap conversations: u/zinko83, u/gherkinit, u/Leenixus, u/Turdfurg23 and u/MauerAstronaut + +— + +Just a Retail Investor, not a financial advisor +Initially found on the Lehman brothers Wikipedia Page: + + +https://en.m.wikipedia.org/wiki/Lehman_Brothers + +> What followed [The Lehman Brothers Collapse] was what many have called the "perfect storm" of economic distress factors and eventually a $700bn bailout package (Troubled Asset Relief Program) prepared by Henry Paulson, Secretary of the Treasury, and approved by Congress. The Dow eventually closed at a new six-year low of 7,552.29 on November 20, followed by a further drop to 6626 by March of the next year. + + +Fun Fact: Henry Paulson was the CEO of Goldman Sachs before becoming Treasury Secretary. + +**TARP Basics:** + +> The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector that was passed by Congress and signed into law by President George Bush. It was a component of the government's measures in 2009 to address the subprime mortgage crisis. + +> The TARP originally authorized expenditures of $700 billion. The Emergency Economic Stabilization Act of 2008 created the TARP. The Dodd–Frank Wall Street Reform and Consumer Protection Act, signed into law in 2010, reduced the amount authorized to $475 billion. By October 11, 2012, the Congressional Budget Office (CBO) stated that total disbursements would be $431 billion, and estimated the total cost, including grants for mortgage programs that have not yet been made, would be $24 billion.[1] + +> On December 19, 2014, the U.S. Treasury sold its remaining holdings of Ally Financial, essentially ending the program. + +**Source & More on TARP:** + +https://en.m.wikipedia.org/wiki/Troubled_Asset_Relief_Program + +I think this needs to be something that we look into more in depth. I know I’ll be looking into it. It could be very beneficial to understand what the SHFs next moves could be. We know all about GameStop and the markets but I think we could add a little more knowledge about our enemies. + +“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.” -Sun Tzu + +Edit: formatting +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! + +Apple's earning is up 18% from a year ago, but the stock price is up 100% from a year ago. Can someone shed some insights why that is (possibly)? It would seem fine if it's just 35% up, but 100%, that's like ... crazy. Consider that it's a blue-chip company and all. +I have 3YOE working at Infosys and I will be going to US for higher education for few years. Im not sure for how long the PF money keeps getting interest after unemployment. Ive read at some place that it stops after 2 months of unemployment and in another place I read it as 36 months. So which one is it? Also since PF withdrawn within 5 years attracts taxes so is it advisable to withdraw it now or should I wait 2 years? And is this all applicable for Infosys PF Trust or it has some different rules? +For background, I'm from a family where we would genuinely count ourselves lucky to have a retail or cleaning job - I've had both and was very proud of them. None of my siblings have ever had a job and my parents became unemployed around the 90s, so I never saw them work. I am constantly extremely anxious about money and savings and terrified of somehow losing it or finding out there's a massive loan I have to pay that I don't know about. Nobody at my current job seems to have this relationship with cash and I don't understand it. +I am an attorney at a large law firm with about 5 years of experience, so my salary is $345K and I receive year-end bonuses upwards of $100K. The money is great, but I'm ready to leave. I was initially planning to go in-house as an attorney with a company and take a modest pay cut in return for a better work/life balance. However, as I've been thinking about it more, I've realized that it's not necessarily the amount of work that I hate, its that I hate the work itself and that I'm a highly-compensated paper pusher. + +Recently I've been thinking more seriously about quitting law altogether and buying a small business. I don't have any other skills, so I would likely buy a simple business that I could learn to run without extensive formal training, e.g. residential cleaning, laundromat, landscaping, car wash, etc. There are still so many factors I need to consider before making such a decision, but before I go any further down this route, I figured I would post here to see whether I'm making a glaring mistake by even thinking about it. +Excuse the rant... however over the past several days I’ve seen multiple posts regarding is this particular stock a buy, or what sector should I invest in. DAYTRADING IS NOT INVESTING! We scan and monitor volatility for quick gains in a matter of minutes or at most maybe 3-4 hours. We do not HOLD positions, we do not gamble, we get in and out. PLEEEEASE stop with the investing posts in this subs! +Dear Reddit, + +I come to you all in personal finance looking for advice. I'm in a very difficult situation and have no idea how to proceed financially. I gave birth to (2) beautiful twins March 13th, and a week ago Sunday I lost my husband in a horrific car accident. He was driving at night and fell asleep (he was commuting 2.5hr each way for a business deal he had in works for his company but wanted to see us every day) and ran into a guard rail or through it, as I've been told, but died upon impact and was pronounced dead at the scene and unable to be revived. + +My husband was the bread winner in the family (35F, and 41M). He just started a new job almost 3 months ago and does not receive any benefits from his company. + +His ex wife is the beneficiary on some financial accounts he has (he was in the process of changing this with the twins being born, not knowing that I wouldn't automatically receive it if something would happen but did not get it done) + +Financial situation right now; I'm on MAT but do not receive enough income to support everything. Here is the breakdown of the expenses: + +Mortgage: $972 +Car Payments: $428.xx + $615.xx (the $600 payment is DH vehicle which payment will be gone within the next month or so after insurance looks after everything) +Food: $550-$600 +Baby Expenses: $1,000-$1,200 +Utilities: $600 +Car Insurance: $391.xx for both + +Of course there's a few things outside of this, but this is the base. DH has no life insurance etc and as I mentioned before some of his accounts has his ex wife as the beneficiary. This month I am short $1,700 from covering all base costs - at the end of the month, I can take the month to move in with my sister and her husband until I get things sorted and list the house to downsize. Any ideas what I can do to help find that $1,700 through husbands accounts etc? I have no idea where to begin. My parents have both passed away, my sister and her husband had a baby not long ago and are financially tight and my husbands family is distant and grieving so I don't want to trouble them. + +Thank you in advance for any help. + +UPDATE! THANK YOU SO MUCH EVERYONE FOR THE HELP! HERE IS EVERY TOPIC TO UPDATE: + +IN LAWS: They refuse to help but it is strictly in the will for them not to receive any custody whatsoever in the event they challenge it, as it is against his wishes. A lawyer said this could be used in court if needed. + +CAR PAYMENTS: Insurance company paid DH loan in full. The dealership I bought my Tahoe is letting me trade it in and receive roughly $4,200 back in equity AND they're going to donate a brand new Equinox to myself and the girls! (I worked for the auto group that owns the dealership, so this was their way of helping when I wanted to trade in for used) it will take a couple of weeks to process everything but I should have a check for $4,200 by the end of May! + +FINANCIAL SHORTAGE: My bank found an insurance claim they could process, which will take a week or so or more for $1,000. My sisters in laws offered $350, and now I'm just $350 short! + +BENEFICIARY: The ex wife agreed to transfer everything into my name but she wants a small cut (sucks, isn't fair... but at least she's willing) she just wants the lawyer fees covered to transfer everything and $1,500 as "goodwill" as she called it. + +This is all I have for an update now, THANK YOU TO ALL THE USERS WHO HAVE HELPED! +This is in response to the many criticisms of this sub becoming a circle jerk with no practical advice to get people out of poverty. + +Disclaimer: I’m still not financially stable enough to find r/PersonalFinance helpful. I still have a mountain of student loan debt that doesn’t seem to be doing anywhere. And I still don’t make much above the average American income. But, I’m no longer impoverished. I no longer have to chose between food and gas. I own a house and have a new-ish (10 years old instead of 20 years old) reliable car. + +Getting diagnosed with ADHD in 2017 when I was 27 was the real turning point for me. My entire adult life, I could see the top of the mountain, but not the paths to get there. Medication, cognitive behavior therapy and lifestyle modifications helped me clear away the clouds and see the necessary steps to get me where I am now. Everyone’s case is so different and I can neither diagnose nor give you a ton of career advice, but if you’d like to know more about my personal experience I’m happy to elaborate. + +EDIT: I had a hunch that there might be folks out there who would benefit from this conversation. I think there's a lot of ADHD folks represented on reddit compared to the general public. Maybe the format appeals to our brains? A lot of us aren't diagnosed though. Despite what the media says about ADHD, experts believe it is actually grossly underdiagnosed, especially demographics outside of young, white boys. So I had a thought if reddit appeals to ADHDrs and most of us aren't diagnosed, those that aren't diagnosed are probably struggling financially. I thought a little anecdotal PSA here couldn't hurt. Good luck to those of you out there pursuing this. +It seems like market is way overpriced and getting into bidding wars with other investors. Also, there’s not much inventory, at least in my area. I’m just waiting for more inventory to be listed so I have something to buy! +#BOFA DEEZ NUTS + +Big thanks to all the approved users who kept this joke under wraps in [the original thread](https://old.reddit.com/r/wallstreetbets/comments/od2085/bofa_initiates_legal_proceedings_against_wsb_and/) +Earlier today I got an award for a comment mentioning DRS, with the following message: + +"Enjoy the gold, love Tendies for iOS." + +Suddenly everyone mentioning DRS is getting gold as well. + +&#x200B; + +[Message attached to the anonymous gold awards.](https://preview.redd.it/xabpy0vzqmv71.png?width=1390&format=png&auto=webp&s=5445338ab823ecc2f033abb3809a13e6ed30f211) + +Clicking on the link leads to their landing page for the app Tendies.@f. + +&#x200B; + +[the iOS highlighted link leads here.](https://preview.redd.it/3srsusq3rmv71.png?width=1880&format=png&auto=webp&s=39c3bdca8a744c574cd66ce67b58d07285a86a69) + +&#x200B; + +I decided to look into who is spending thousands of dollars on gold, and why they're featuring an account made in 2007 with a single post in it's history as the OP in the cringy, shitty memes in their screenshots. + +This led me to the company Panda Squad, Inc., who seems to have no other apps out, [despite being a tech company since 2017.](https://www.bloomberg.com/profile/company/1626407D:US) (source: Bloomberg). It's based out of an apartment complex in San Francisco as well. + +[Developer info for the app.](https://preview.redd.it/rwmkikwfrmv71.png?width=896&format=png&auto=webp&s=78a5dd7c66cbabf5974d05cf47b5d009a1ee85d3) + +The listed domain, Panda.@f, is not even active anymore and may even be available, yet another red flag. + +&#x200B; + +[Trying to visit the domain listed on the App Store and on Bloomberg, where did it go?](https://preview.redd.it/eq1gd7hprmv71.png?width=1062&format=png&auto=webp&s=bd81546a04761c1371cfe43f49941a36f73dabb1) + +&#x200B; + +I don't have an iPhone and don't want to risk downloading their app anyway, but they want permissions to integrate to your reddit account via their app and who knows what else. + +[Just the basic permissions requested from the landing page, their privacy and data policy doesn't show up anywhere.](https://preview.redd.it/gyuveou8smv71.png?width=386&format=png&auto=webp&s=4400bed5ce9f82e191d813aa29b879cc79ee231f) + +As much as I wish this was some cool hype from someone on our side, it's nothing more than a shit marketing campaign and waste of money by some shady app developer, backed by god-knows-who and trying to get some kind of information from apes. + +Be safe out there y'all. + +Apes together strong 💜🦍💜🚀 +I’m 24 years old and I recently moved into an apartment that cost me $1,175 monthly. My income is only 50k at the moment. I was living with my family prior, while I do love my family…living with them made me more depressed & suicidal. That said rent will always be an expense. The question is should I downsize from my 1 bedroom apartment to a shared apartment with other adults? I prefer to be alone but I would be saving a few hundred dollars if I downsized. The caveat is I would have to pay for furniture storage. What do you think? +Basically my mom is going to get married to a guy that no one in the family trusts. We all think that he is trying to get access to her 401k if she decides to leave him. + +So my question is what can we do to help her protect her 401k? I was thinking of something with changing beneficiaries or something but I’m not real familiar with 401k rules. + +Edit: thank y’all everyone for the responses. I will be talking to her about a prenuptial agreement. +I have no children yet but I always hear from others that once you have children (or are planning to have them soon), you need to get a bigger house, bigger car (SUV) etc. Do you really have to? + +If I have a 2BR apartment and have a regular sedan, will I be compelled to trade up? I only plan to have 2 kids max, ideally only 1-2 years apart. Do young kids even need their own rooms? I can see it being an issue once they're 7 yrs and older and want their own space. + +I grew up overseas where small spaces were the norm and not everyone had cars, so I'm curious what it's like to raise children here in Aus. + +What has been your experience? +>Chinese President Xi Jinping took to the virtual Davos stage to address Fed Chairman Jerome Powell with this message: **Please don’t lift interest rates.** +> +>“If major economies slam on the brakes or take a U-turn in their monetary policies, there would be serious negative spillovers. They would present challenges to global economic and financial stability, and developing countries would bear the brunt of it,” said Xi, according to a transcript of his remarks on Monday. +> +>Of the major central banks, the Fed is expected to be the most aggressive, with financial markets now pricing in four rate hikes, and the U.S. central bank is concurrently expected to start reducing the size of its nearly $9 trillion balance sheet. Yields on the benchmark 10-year Treasury [TMUBMUSD10Y](https://www.marketwatch.com/investing/bond/TMUBMUSD10Y?countryCode=BX&mod=MW_story_quote), on Tuesday reached the highest level since January 2020. +> +>Traditionally, Fed officials brush off concerns about how their policies impact other economies, saying they can only make monetary policy for the U.S. economy. +> +>Xi has reason to be nervous about Fed tightening. +> +>Despite [tariffs that were started by President Donald Trump](https://www.marketwatch.com/story/u-s-manufacturers-blame-trump-era-tariffs-for-inflations-rise-11622387247?mod=article_inline) and [continued under President Joe Biden](https://www.marketwatch.com/story/biden-may-tone-down-war-of-words-with-china-but-trump-tariffs-not-going-away-soon-11605132400?mod=article_inline), Americans are still aggressively buying Chinese products. Through November, China was the No. 1 source of imported goods at $463 billion, topping Mexico at $350 billion and Canada at $324 billion. +> +>Craig Bothan, chief “China+” economist at Pantheon Macroeconomics, pointed out that export growth has helped China compensate for weaker domestic growth and propped up its manufacturing sector. +> +>China’s economy continues to slow, falling to a 4% growth rate year-on-year in the fourth quarter from 4.9%. On Monday, the People’s Bank of China cut two policy rates by 10 basis points. + +Original article: [https://www.marketwatch.com/story/xi-jinping-warns-fed-against-hiking-interest-rates-11642502735](https://www.marketwatch.com/story/xi-jinping-warns-fed-against-hiking-interest-rates-11642502735) +I have around 100k to invest. Ideally I would like a passive income with a relatively high yield. + +Should I invest them all in dividend stocks or also pick some growth ones? + +Any suggestions on what to invest in would be great. + +I have had a look at a few high yield stocks such as $IRM, $AGNC, $XOM however I'm hesitant to even put a small percentage of my portfolio into such stocks looking at the falling share prices over time. + +To me a yield of 3-4% is almost not worth it. If were to go with 3-6% yields I'd invest in $ABBV, $O, $GSK, $MMM, $T, $TD, $ADM with a few others. + +Also to me does n't seem like a great time to invest with fairly high risk of corrections and an overvalued market. Should I wait for a correction? Time to buy was March but missed that.... + +Any advice would be appreciated. Thanks +Many are not aware but **GameStop Entertainment LLC** is their stealth tech startup within GameStop Corp headed by Kurt Bierbower (and Matt Finestone). He's a crypto industry all-star. + +[Read about him here.](https://gmedd.com/blockchain/gamestop-poaches-executive-from-industry-leading-crypto-exchange-as-vp-of-business-development/) + +We learned about this from the GameStop and Immutable (IMX) license agreement: + +https://preview.redd.it/jsexasypdom81.png?width=1960&format=png&auto=webp&s=6bdc0f56cbffb5a2cf01b4e4b645c375dfba8689 + +In the past 1 year + GameStop has been hiring talented tech engineers and in almost all the cases the job is 'Remote'. Not necessarily odd for the tech industry, but notable, as most other corporate jobs are at their Grapevine HQ. + +https://preview.redd.it/afux7v4zdom81.png?width=2012&format=png&auto=webp&s=5bd88110ec850691c9dcaa2613fa2f720298db01 + +In Ryan Cohens letter to Bed Bath and Beyond board (BBBY) he describes how a spin off of their chain "Baby" could unlock shareholder value. + +https://preview.redd.it/2jcr7u6zeom81.png?width=2466&format=png&auto=webp&s=db857aed97fecd64851dfb183f68c20e43202622 + +So, Ryan bought BBBY already with an exit strategy plan of possibly spinning off a segment of their business. It's conceivable he has a similar plan or strategy for Gamestop. + +Do we remember this rumor: + +https://preview.redd.it/sr4waf3deom81.png?width=1024&format=png&auto=webp&s=d912f205ba28f538c47d1ce418915f18b49ac20b + +What I propose is that GME Entertainment LLC is doing a merger with Loopring Technologies to create a new Web 3 company. + +The new company is still wholly owned by GameStop Corp but could be "spun out" into it's own separate and publicly traded entity. This spin off is ready to go since the company already has it's future CEO, Kurt, and the entire team are all working remote in a kind of virtual organization. + +This would leave GameStop Corp for retail, eCommerce and eSports and GameStop Entertainment, a Web3 Technology company. + +Shareholders of GameStop would get equal proportional ownership in the new company. + +This does a few HUGE things: + +1, It would unlock huge shareholder value within Gamestop +2, It would force a massive short covering +3, It's totally legal, totally regulated and undisputable by SEC +4, It doesn't require any fancy NFT dividends or anything gimmicky + +Ryan Cohen would look like a genius, you would end up with shares in both companies, shorts would get completely destroyed. + +**TLDR:** +GameStop Entertainment LLC is the Web3/Blockchain tech startup within GameStop Corp and it's the subsidiary company that has the licensing agreement with Immutable (IMX). + +I propose that GameStop is the process of concluding a merger with Loopring Technologies to create a complete Web3 company. + +That Web3 company can then be completely spun out of GameStop corp into it's own publicly traded entity. + +This process would absolutely destroy the shorts and all shareholders of GME would get equally proportional shares in the new company. + +Ryan Cohen gave us a bit of a hint at his BBBY strategy by suggesting they should do the same with their retail banner "Baby". I think the same strategy for GameStop is totally genius. + +**UPDATE 1:** +I see some people raising a couple comments about de-centralization and the **Loopring Dao**. What seems to not be well understood is that a crypto token, like LRC, is not ownership/equity, which is why it is not considered a security. Loopring has an equity partent company, an LLC, just the same as any other corporate structure, and it's original investors and insiders own the equity there. Immutable X for example just raised $200M in their equity for a valuation of $2.5B, that had nothing to do with the token. The equity company owns the patents, they own the technology like the Relayer, the Exchange, the Wallets and such and the employees work for that company. The token entitles you to a share of protocol fees. You can read about it here: [https://medium.loopring.io/lrc-tokenomics-v2-1e6fd99e9e9c](https://medium.loopring.io/lrc-tokenomics-v2-1e6fd99e9e9c) + +In my proposal Gamestop is acquiring a stake in the parent company of Loopring. I am quite confident that Daniel and Matt Finestone wanted to keep the tokenomics of Loopring valid- so nothing is changing with the token (LRC). Daniel has said he still owns a lot of the token. Loopring Protocol would still be open source and the token can still form a DAO which will govern various aspects of the organization, mostly about the fees charges on the protocol. Gamestop still has power via their equity position. The protocol could very well be named GameStop Protocol after this change and GameStop can allow other companies to build on this protocol- the whole thing still remains decentralized! +Hi all, just wanted to give a little extra insight on a common little metric that I've been seeing thrown around too loosely around various investing subreddits. Thought this would be useful for all your DD efforts. + +ROE (Return on Equity) aka Net Income / Average Shareholders' Equity + +People love throwing out ROE numbers to get you to love whatever they are pitching, but you should be automatically suspicious of ROE as a headliner number. + +ROE can be written another way: ROE = ROA x Financial Leverage. + +ROA is an **operating** metric. + +Financial Leverage is a **capital structure** metric. + +So ROE is a blended metric of both: operations and capital structure. + +This is significant because when you are comparing two competitors and think that one with a higher ROE is a better value play that may be a mistake. + +Those two hypothetical companies may have the same exact ROA but company A may just have borrowed heavily, which will jack up ROE. No change in business model, operations, efficiency, etc, just a simple increase in debt will make your ROE go up, even if you just sit on the cash and don't use it. + +Remember, debt is risky for equity holders, no guarantee that a company will use it for productive projects. This risk is further compounded in a near zero rate environment. + +ROA is a more relevant metric if you are commenting on the core business model. + +At best, ROE without context is a distraction. At worst, it can be downright misleading. + +Happy Investing! + +&#x200B; + +btw this wouldn't apply to bank stocks +Imagine a swimming pool filled to the brim with water. You start taking cupfuls of water out. At first, and for quite some time, there’s no noticeable difference. And even when you do see a difference you could still go swimming in there, it remains a functional pool. But with enough scoops you’ll reach the concrete at the bottom. + +It’s the same deal with the massive long positions the shorts have. They’ve been able to recur to them for months, selling off small percentages as they go. Obviously the Fed has given them a huge assist by propping up markets, creating the massive bull run we’ve been on since the start of Covid and thus giving them much more bang for their buck. + +But we all know, whether our portfolios are small or massive, that you can’t keep liquidating portions of positions forever. + +They don’t have infinite money, it just seems that way sometimes because we don’t get to see the swimming pool, we only have the peripheral information of certain stocks and crypto going down huge over the last few weeks. + +And if somebody wants to come in and bail them out the same thing will happen to all of their money and positions thats happening to those short GME now. +After 80 trades it is 70% profitable, 12 profit factor and 7% drawdown. + +I tested it with BTCUSD starting with $1000 and trading 1 contract at a time. And it made 5000% profit. Is it any good? Are these numbers close to what I could expect in the real world? +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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Baylson. Federal prosecutors said Capps, who worked for 23 years for the Malvern-based investment giant, more than tripled his income for 2013 at customers’ expense, with help from his brother-in-law and other accomplices. +> +> ... Capps was indicted by a federal grand jury in December, charged with drawing checks on Vanguard accounts between 2012 and 2014 using his employees’ stolen passwords. +I've owned rentals for about 4 years. I just rented a new construction townhome in a class B+ community to a family that has two emotional support animals (small dogs). We advertise as pet friendly and we charge a VERY small deposit and monthly fee. They got their support letter the day they signed the lease so we are not charging anything. I visited the property a few days after move-in to fix a small item. The have dog pee pads on the floor with urine everywhere. The floor is sheet vinyl. I sent them a letter yesterday advising the this is causing a health and property damage issue. No response yet. What would be your next move? For context: PA. I own 4 rental properties total. They have been here less than a week. +I think EPF suits my needs currently so I don't really want to discuss it's merit. Just wanted to know if any newly or recently employed people are going for VPF. Also, for the more experienced folks, how has been your experience dealing with EPFO for withdrawals? +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! +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? +Good afternoon dear community + +&#x200B; + +I live in Germany and work for an American company that grants employees its shares as compensation. According to the insider trading policy, as an employee I am not allowed to sell and buy shares at any time. I can only do so at certain time slots (a few weeks after the publication of the previous quarter's results). + +&#x200B; + +During the past year, I invested in the iShares Core MSCI World UCITS ETF. However, I recently got the idea to check if the shares of the company where I work are included in this ETF and it turned out that they are. In other words, I am breaking the law. + +&#x200B; + +I have two questions: + +1. How serious do you think this violation is? On the one hand we are talking about one tenth of a percent of an index, on the other hand we are talking about US equities and an American company and as far as I know everything is very regulated here and the sanctions may be severe. + +&#x200B; + +2. Are there any universal resources where I can check whether a company's shares are included in an index? For example iShares provides a list of companies where I can search by name. Whereas Vanguard does not allow me to filter by company name (for example here + + 1188 pages with included companies [https://www.vanguardinvestor.co.uk/investments/vanguard-global-value-factor-ucits-etf-usd-accumulating/portfolio-data](https://www.vanguardinvestor.co.uk/investments/vanguard-global-value-factor-ucits-etf-usd-accumulating/portfolio-data)). + +&#x200B; + +Thanks in advance for the answer! +I currently am interested in investing into ETFs but I want to know your guys' opinion on what would be a decent etf. Are monthly dividend etfs worth it ? Anything would help. This is for long term as well, i use TDameritrade as my broker. +Instead of developing excess confidence trading through an extended bull market and overextending by chasing returns, I've learned the importance of risk management while my portfolio is still a fraction of my earnings potential. + +I developed a strategy and got the chance to see forward performance in a 'once in a lifetime correction' instead of relying on backtesting. I got screwed when I FOMO'ed and deviated from said strategy. And I'm happy for the learning experience. + +edit: 'once in a lifetime' was supposed to be tongue in cheek +Been trading on lower timeframes and noticed I was losing more than I was winning until I switched to higher time frames like the 15-minute or even the 1-hour.. it's also so much less stressful too. + + +Just wanted to share this just in case if someone was going through the same thing. Definitely look at higher time frames if you're not as profitable as you'd like to be.. it can really help. +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! + +&nbsp; + +Even though the market has been down, **SafeGem** is now surging on **CoinMarketCap** and is one of the **Top Gainers in the market** 🔥. SafeGem has made significant progress behind the scenes. The staff has been working around the clock to meet all of the deadlines. **The developers are nearing completion of the NFT contract, which will be used in the partner site. The team is pushing for the Blockfolio listing, Techrate Audit and marketing plan which is in progress right now. They're also in talks with a few exchanges about listing SafeGem. A sneak peek of SafeGem's native wallet, "SafeGem Wallet," was released this week and more updates on that will be following soon.** + +&nbsp; + +**The project's goal is to create an NFT platform that will allow users to digitally certify and passport valuable stones and jewels.** Blockchain is, without a doubt, the safest place on the internet and What is a better use for that than authenticating highly valued goods? They will employ blockchain technology to offer digital certifications and passports to gem manufacturers and dealers, replacing traditional paper certification. **SafeGem will have an NFT partner site where jewellers may develop unique NFTs that are specific to the precious stones they are selling. +To help their services, a mobile application will be built, and their consumers will be able to use it to verify the legitimacy of NFT certifications.** + +&nbsp; + +- $10m MarketCap +- 33,000 holders +- Listed at CMC, CG, Stocktwits and other major coin-listing sites +- Complete Website and Logo Redesign +- Ongoing marketing plan with social media influencers + +&nbsp; + +Here's how you can join the community + +&nbsp; + +- Website: safegem.finance/ +- CoinMarketCap: coinmarketcap.com/currencies/safegem-finance/ +- CoinGecko: coingecko.com/en/coins/safegem +- Stocktwits: stocktwits.com/symbol/GEMS.X +- Reddit: r/SafeGemFinance +- Contract: 0xdfdec49462f7d3c3b0a48e729f77a0645cdfa7c0 +- Chart: charts.bogged.finance/?token=0xdfdec49462f7d3c3b0a48e729f77a0645cdfa7c0 +- Medium: safegemfinance.medium.com/ + +&nbsp; +&nbsp; + +Even though the market has been down, **SafeGem** is now surging on **CoinMarketCap** and is one of the **Top Gainers in the market** 🔥. SafeGem has made significant progress behind the scenes. The staff has been working around the clock to meet all of the deadlines. **The developers are nearing completion of the NFT contract, which will be used in the partner site. The team is pushing for the Blockfolio listing, Techrate Audit and marketing plan which is in progress right now. They're also in talks with a few exchanges about listing SafeGem. A sneak peek of SafeGem's native wallet, "SafeGem Wallet," was released this week and more updates on that will be following soon.** + +&nbsp; + +**The project's goal is to create an NFT platform that will allow users to digitally certify and passport valuable stones and jewels.** Blockchain is, without a doubt, the safest place on the internet and What is a better use for that than authenticating highly valued goods? They will employ blockchain technology to offer digital certifications and passports to gem manufacturers and dealers, replacing traditional paper certification. **SafeGem will have an NFT partner site where jewellers may develop unique NFTs that are specific to the precious stones they are selling. +To help their services, a mobile application will be built, and their consumers will be able to use it to verify the legitimacy of NFT certifications.** + +&nbsp; + +- $10m MarketCap +- 33,000 holders +- Listed at CMC, CG, Stocktwits and other major coin-listing sites +- Complete Website and Logo Redesign +- Ongoing marketing plan with social media influencers + +&nbsp; + +Here's how you can join the community + +&nbsp; + +- Website: safegem.finance/ +- CoinMarketCap: coinmarketcap.com/currencies/safegem-finance/ +- CoinGecko: coingecko.com/en/coins/safegem +- Stocktwits: stocktwits.com/symbol/GEMS.X +- Reddit: r/SafeGemFinance +- Contract: 0xdfdec49462f7d3c3b0a48e729f77a0645cdfa7c0 +- Chart: charts.bogged.finance/?token=0xdfdec49462f7d3c3b0a48e729f77a0645cdfa7c0 +- Medium: safegemfinance.medium.com/ + +&nbsp; +so I got a car accident 3 weeks ago, so my insurane company sent me to enterprise to get my rental. Yesterday, I returned my car, and the agent told me it is on good conditiom, and returned mt safety deposit. Today, enterprise called me that is hail damage on the rental, and they want me pay for it, so what should i do? I told them to send me any pictures, but they didnt know, is there i need to do, should i pay for the damage? +The airline industry has survived the pandemic. Has the business travel industry been permanently changed? Is the quantity of flights taken for either business or pleasure going to be permanently diminished because of new trends of online services? +Thoughts? +Just looking for a more recent book on the fundamentals of value investing. I really need to improve my skills in this area as an investor. + +Any help is appreciated :) +Hi, + +I believe I might be having an attitude problem, but the fact is... I don't really care about the work I do. I am working in a commercial assistant role but don't care about getting everything perfect. "Maximizing entitlement" and "cost control" are a few of the main buzzwords, but I genuinely don't care much about them. Sure, I still want to be employed and get the money for work, but I am not really interested in working harder trying to improve the profit, maximizing value, minimizing cost... As long as I get paid, as long as we as a branch can chug along (so I can continue to get paid and I could avoid getting asked any questions from the senior managers and the directors), I am not really bothered by the inefficiencies. + +While I am not a Marxist and I believe in Capitalism, I just don't want to inconvenience myself and make myself work harder just some owner would be able to buy another mansion or another sports car. I wouldn't say I am jealous of them, but I just don't find them important enough to do more than just a minimum not to get fired. + +Every week that passes I just tell myself that: "cool. 6 more weeks left until my next Annual Leave". Every month that passes and I get paid, I just do my monthly budgets and calculate that I will need 5 more years until I can FIRE and just go do my own thing. + +Is my attitude of "doing the minimum just not to get fired while counting days/weeks/months until the holiday/FIRE" normal amongst the general working population, or is it just me just being a lazy POS? + +This attitude has increased significantly after I have made a decision to seek to FIRE. Did something similar, thinking that "all of this is temporary, so I don't feel like I have to prove anything to anybody" occur to you as well? +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. + +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've just been checking my pension and thinking about investing more into it. The more I look into it I realise how pitiful this amount is for my age! + +* I've had a lot of jobs - 14 different jobs to be exact! +* I've been working since I was 15 - cash in hand pub work £5 per hour +* Then minimum wage hospitality/retail work from 18-23 - while at uni/a few years after. I think mandatory work-place-pensions came into place during this time but I didn't keep an eye on it. I have no idea what I or my employer was paying in. +* Then I started just above minimum wage office work. Again no idea about my pension, I know I had them but I didn't note what I or my employer was contributing. +* It's only been this year that I've gone from earing 25k to 35k. I pay 5% and my employer pays 3%. + +Because I've had a lot of jobs, I've made sure to keep all the documents from my previous pensions and have transferred all of my contributions into my current employer's pension provider (Nest) because I read somewhere that if you don't use them, you get charged fees for the money being "managed". + +Now that they're all transferred, I can see how shit it is! What can I do? I'm very certain I don't have any other pensions I don't know about. + +All of my old pensions has just a few hundred in them except one which was with Scottish Widows which somehow after working there for only **9 months on £22k**, I managed to save **£1395.71** in just 9 months?! How was I able to earn that in 9 months but only £6.6k in 16 years?! + +What can I do to increase this? I don't have a lot of money to play with, I already have a few savings pots of things I'm saving up for and I'm aware the squeeze of the cost of living at the moment. +I am 48 year old Engineer from Bayarea. Migrated to USA in 1998. My skills are highly sought after and makes good salary. + +Lost ton of money in dot com crash and developed phobia to stock investment. Invested in rental properties. With booming Bayarea market, I am on track to comfortable FIRE. Primary home is paid off. Have enough in savings to cover both kids college. Except for 401k I dont have any stocks/bonds. +401k is invested in agressive growth funds. +Net assets around 3 million in properties, rental income of 5000, salary for me and spouse around 400k per year. + +I dont have any financial advisor. We came from modest family in India, and live a rather frugal life. + +Recently, my company became public, and suddenly I have close to 6 million in stocks(2 million vested). A past organization from 3 years back is also in process of going ipo, with similar potential. I expect to have vested stocks worth between 6 to 8 million by Jan, and if the markets hold steady, close to 12million by 2021 end. I would love to diversify and maximize the returns. + +I tried to find a financial advisor from banks like Chase and Bofa. These guys are all recommending life-insurance policies or pointing me to packaged high-fee funds. From their discussion, I felt most of them are really low level employees with almost no understanding about financial instruments and more like commissioned agents similar to carsales men. + +How can I find a financial advisor who can give me good personalized advise? I am happy pay for quality advise. Is my networth too low that these guys are not interested in people like me? +Original Post https://www.reddit.com/r/wallstreetbets/comments/gveon3/ive_lost_240k_on_luckin_coffee_all_my_life/ + +Different user as StopFapForever was not working IRL. Plus my flair now checks out. + +Listen fuckin idiots. I've holded LKNCY since it went from 48 to 2 at - 97%. + +I never fuckin sold and I'm still in balls deep. Luckly is back to 12-13 and slowly recovering. + +If I holded all my net worth for so long, YOU CAN FUCKIN HOLD A - 40% FOR A DAY OR EVEN A WEEK. + +Don't be pussy paper hand small dick. I'm again balls deep in BB since last monday (only 30k which is what I have). I'll never fuckin sell. + +Today I've putted 5k on GME just cause I fuckin love you and I'm with you all along. Just for the cause. I prefer to lose 5k on GME than spending them in videogames or shit like that. + +I'm in Europe and cant sleep and fuck my GF. Luckly her boyfriend is helping her out. I've been awake all night to check twitter, premarket, aoc steam on twitch. + +I'm with you all the way long. Ride or die. + +'' There will be a day when all of us will sell and make tendies into valhalla Elon Mars city. But NOT TODAY. Today we fuckin stand together and fight for whats right'' + +Fuck you Citron. Fuck you Melvin. Fuck you Etoro. Fuck you Hedge fund. + +We are coming from all over the world to fuck you. + +Keeo HOLD and GME BB TO THE FUCKIN GALAXY AND BEYOND 🚀🚀🚀🚀 +*Edit: 9:44 am EST: Mod wrote: "Seems like you've missed that institutions loan out their shares," proceeds to add inst, etf, and mf shares in front of me, and then changes my flair to 'debunked' without reason.* + +*Edit: 3:30 pm EST: After I then engaged with the community to show that 'Shares on loan' (sitting at 86.2M and which I already tallied) is a current sum and already encapsulates those inst, etf, and mf who did loan out their shares, the flair was changed to 'inconclusive.' But what's 'inconclusive'? What's still not conclusive about this?* + +*Look: This is not rocket surgery, and it doesn't change the script to keep buying, DRS'ing and holding. It simply explains why most of the volume is being routed off exchange, and why short volume represents the only selling volume. It's just simple addition; it shows that short-sellers are \*already\* trapped, and that now it's known that any shares trading at the $26 level may be short-lived. This very well may be the cheapest opportunities, right now, to buy more and accelerate DRS. The rational question is: who in their right mind would continue short-selling here, further giving away shares at these prices? They're beyond-beyond-beyond intergalactically stupid; I am extremely happy to step in and buy droves of these shares at these price discounts.* + +*The point is: short sellers, upon a scramble, cannot fit a large square peg \[86.2M shares already loaned out\] through a small round hole \[representing the current-trading float that's only 67.7M wide\]. I'll leave what will happen \[to the GME price when they soon try\] to your imagination.* + +*IMHO: get your shares here to DRS while you still can at these cheap prices, while the clown-faced short-sellers are just handing them away while hedge funds \[like in 2008\] are again chanting, "let's crash the economy."* + +*Happy Halloween, clowns! Weeeeeee! Eeeeeeee!* + +# + +&#x200B; + +# Current GME Share Ownership: 67.7M unaccounted for + +https://preview.redd.it/x06izwj38au91.png?width=309&format=png&auto=webp&s=285b614f234dc15fd0197173151a2769c22f9195 + +# Shares on Loan: 86.2M + +https://preview.redd.it/ryje4bx28au91.png?width=2560&format=png&auto=webp&s=7699c26950e3f1234d798f1335240ce41a6019f1 + +# + +# Right now, 18.5 Million more shares than what are freely traded in the float are loaned out. This means the float is technically already locked. Porsche used similar analysis in their October 2008 disclosure of share ownership, which led to the Volkswagen squeeze: + +&#x200B; + +&#x200B; + +[As you can see, from the Porsche letter on 26OCT2008, they performed a similar analysis which led to the Volkswagen squeeze. They were able to justify a 'locked float' using derivatives holdings as well. In today's GME situation, the float is locked without looking at derivatives. But, what if we went a step further and included derivatives as well?](https://preview.redd.it/d2420v6k1au91.png?width=1239&format=png&auto=webp&s=12bfa2eb04d4876e8fabee45f273123f4525c2af) + +# We can go even further and include derivatives holdings if we want to. Let's look at what happens to our locked float when we do so: + +&#x200B; + +[Assuming $GME goes to a reasonable $40, 56.6M shares are due \(for exercise\). In this case, the float becomes 'already-locked' further by 75.1M shares](https://preview.redd.it/csl46u6l6au91.png?width=1084&format=png&auto=webp&s=3cc7d30249f5091299d73f8e38c268553a15df8a) + +&#x200B; + +[Assuming $GME goes to a reasonable $60, 238M shares are due \(for exercise\). In this case, the float becomes 'already-locked' further by 256.5M shares. Then, even if all 86.2M shares on loan are returned, the float is still locked by 219.5M shares. And in this case, 457M shares would be owned in circulation out of only 304.5M outstanding \(1.5x\).](https://preview.redd.it/lp4q4tzl6au91.png?width=1087&format=png&auto=webp&s=8b55dab760c40aea6028c2dc1216b4acf3e6b7ee) + +&#x200B; + +[Assuming $GME goes to a reasonable $97.5, 691M shares are due \(for exercise\). In this case, the float becomes already-locked further by 709.5M shares. Then, even if all 86.2M shares on loan are returned, the float is still locked by 672.5M shares. And in this case, 910M shares would be owned in circulation out of only 304.5M outstanding \(3x\).](https://preview.redd.it/rbh2wknm6au91.png?width=1092&format=png&auto=webp&s=f8bba47784725d5c34d30a740b71926ec0720fed) + +&#x200B; + +# TLDR (In addition to buy more $GME. Hold. DRS.): + +GME's float is already technically locked, which explains the off-exchange-only order routing at this time. Short-sellers have no way out, and the shares on loan greatly exceed what is freely available. + +The float is technically already locked by over 18.5M shares, since shares on loan (86.2M) greatly exceeds the shares unaccounted for (67.7M). When we include derivatives in the totals, like how Porsche disclosed Volkswagen ownership in 2008 (as shown), then when $GME price goes to $40, the float is locked further by 75.1M shares. + +*When we assume a reasonable share price of $60, the float is then locked by 256.5M shares. Even if ALL of the shares on loan are returned, 457M shares would be accounted for, including derivatives, which is 1.5x the shares issued and outstanding.* + +*When we assume a more-reasonable share price of $97.50, the float is then locked by 709.5M shares. Even if ALL of the shares on loan are returned, 910M shares would be accounted for, including derivatives, which is 3x the shares issued and outstanding, and close to the total authorized shares.* + +Note: This analysis does not even consider any new ownership, new DRS transfers, nor any new positions due to a rally. Evidence shows \[from the GameStop report\] that anywhere from 6-7x in exogenous, new demand is induced upon a rally. Therefore, any price runup would make the locked float calculations a thing of the past. Instead, it is shown that the number of shares owned *will not just be* an order of magnitude more than the amount of shares issued and outstanding; **in** **a routine rally, the amount of shares owned will clearly push above the 1 Billion shares \*authorized\* (even though 0.7 Billion of which were never issued).** +I’ve been mostly happily employed in a field that really suits me for 19 years. I make 50k. I get to go outside, do interesting projects and have light supervision. But the budget has been increasingly tightened. I can’t hire and retain adequate staff and most importantly I have regularly worked 50 hours and occasionally 80+. Work demands are weirdly flexible. Go home at 3? No problem. Something breaks- 24 hour shift, mandatory. Lots of weekends. But doing things I like. + +Yesterday I gave notice to my employer. 30 days notice but I have 6 months of vacation in the bank. So I might work 5 more days total. My real estate portfolio cash flows enough to cover my expenses and my partner makes a whole lot more than me making my w2 income pretty meaningless. That 1099 income probably won’t continue too much longer, but it doesn’t need to. She is a top producing agent, but I really don’t think fat city can continue forever. She is tracking for 10mm in sales this year. I am heavily involved in her business and more help should easily cover my salary by boosting sales. + +It really boils down to time. I don’t want to have the job with fixed obligations. My job had the lowest return on time. + +Age lower 40s + +Annual household spend: 60k + +Minimum spend: 35k + +Public Pension at 65: 20k annually + +Social security: unknown bonus + +Kids: 3 + +College funds: as loaded as I want them to be. + +401k: zero (partner has significant 401) + +IRA: nearly zero + +Real estate portfolio: 1.7 million equity, shared. +(Roughly 50% leverage on 3 million in houses) + +Rental Cash flow: 60k + +Cash: 200k (used as a house flip fund) + +Home equity- not really relevant. + +other investments: 10k crypto, 10k brokerage, some beanie babies and 1 gold coin. + + + +It isn’t really traditional. I know some of you would argue it isn’t ‘real’ retirement if I still manage rentals. But I don’t care. + +I’ll flip an occasional house for the next 5 years and make my withdrawal rate zero. I’ll actually contribute to retirement accounts now and build a more traditional portfolio since the pension is not an option. If the market holds we will probably start divesting property and lean into index funds more. If not we will weather one more cycle. + +How will I spend my time: +Spend 20 hours a week plus with kids and partner plus … + +September: move into new house, prep old house for rental. +October: 6 day raft trip, Vegas trip, start kitchen remodel, kids’ first hunting trip. +November: 12 day Mexico vacation, finish flip #1 (mostly contractors) +December-January flip house #2 +Jan-March. Ski 2x a week +March-June coach soccer, kayak, fish. Find flip #3. +Summer 2022: raft, run, backpack, climb. Find a fall flip. + + + +Short term outdoor goals: climb pingora, 10 day backpacking trip, fill freezer with elk, back in marathon shape. +