diff --git "a/reddit_finance_43_250k_124.txt" "b/reddit_finance_43_250k_124.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_124.txt" @@ -0,0 +1,10000 @@ +In the past I have filtered out any setting where the sl is bigger than the tp. We should just regard settings like these as having "gotten lucky" with the price data it was tested on, right? Running something with a stop loss 4 times bigger than the take profit is insane, right? + +Or is it? + +I'm starting to wonder if I'm not looking at this right from the correct angle. As I said before, settings with a bigger sl and a tighter tp have consistently proven more effective on pretty much every back test I have ever ran. + +Have any of you here thought about this dilemma, or have experience running an algo with a sl that is far bigger than the tp? + +Has anyone read anything from the quant field that talks about this? +Not sure if this is the right place to post this, but: + +I can't say I have ever experienced a shopping problem before. I feel like it's more or less a boredom problem. Instead of reading or drawing or doing something constructive, I tend to head to Amazon and search for arbitrary crap I really don't need. + +Is there a way to curb this? I have always been sort of an impulse buyer, but lately ive been doing it more and more (especially at work when I have nothing to do). + +Anything financial I can do? Like restrict my account to a certain dollar amount a month to spend or... something? I don't have a ton of ideas and would like to hear someone's thoughts on this or maybe share what worked for them or a friend that was going through something similar. + +Edit: oh wow this really blew up. Thanks everyone for your suggestions. There's a lot of great advice in here that I will definitely try and follow. I've already registered for an account on YNAB, unsubscribed fro ma ton of store newsletters, and started an automatic transfer to my savings account after every paycheck. If the money isn't there, I cant spend it, right? +Genuinely curious as to how you separate your checking vs. saving accounts. + +When you get paid, how do you separate your checking vs savings deposits? + +I am still learning how to budget/separate these two things as I just graduated and have my first “real” job out of law school. Thank you! + +EDIT: I didn't intend to ask how much how much money is in your account but rather how to use the two for budgeting/investing purposes. Thank you for all your answers thus far! +[Link to BBC Live Feed](https://www.bbc.co.uk/news/live/uk-63591754) + +[Link to Autumn Statement](https://www.gov.uk/government/publications/autumn-statement-2022-documents/autumn-statement-2022-html#policy-decisions) + +#Summary + +- OBR Forecast for inflation 9.1% in 2022, and 7.5% in 2023. + +- Unemployment at 3.6% today, forecast to rise to 4.9% 2024. + +##Tax + +- The top rate of tax will be lowered from £150,000 to £125,140 + +- All personal tax thresholds frozen until 2028. + +- Dividend allowance cut to £1000 in 2023, then £500 in 2024. + +- CGT cut to £6k in 2023, then £3k in 2024. + +- Electric vehicles no longer exempt from 0-rated VED from April 2025. + +- Stamp duty cuts announced in mini budget will remain until March 2025. + +##Cost of Living Support + +- Energy price cap to remain at £2500 until April, then new cap of £3000 until March 2024. + +- Additional payments of £900 will be paid to those on means-tested benefits, £300 to pensioner households and £150 to people on disability benefits. + +- Social rent increases capped at 7% in 2023/24. + +- National minimum wage increased to £10.42/hour from April 2023. + +- Benefits to increase by inflation - 10.1%. + +- Pension credit to be increased by 10.1%. + +- Triple Lock to Remain. + +##Business Tax + +- VAT threshold frozen until March 2026. + +- Will implement reforms on taxes to big tech companies. + +##Windfall Tax + +- Energy industry will be hit with an expanded windfall tax of 35% up from 25% from 1 January until March 2028. + +- Introduce a temporary 45% levy on electricity generators. + +##Spending + +- NHS Budget protected and increased by £3.3b in each of the next two years. + +- In 2023 and 2024 the government will invest an extra £2.2bn in schools. + +- Government will proceed with a new nuclear power plant at Sizewell C. + +- Not cuts on any capital budgets. + +- Rail projects will go ahead as planned: the Northern Powerhouse rail, the HS2 and the East West Rail. + +- Overseas aid budget to remain at 0.5% (instead of the 0.7% target). + +####Note + +_Lets try and avoid getting this post locked, please remember Rules 8 - No market timing, and 9 - No politics._ +Two months ago, we did a survey on this sub, trying to collectively predict the price of Ether on April 11th. This is the original post with the results of the prediction: https://www.reddit.com/r/ethtrader/comments/7x3det/reddit_has_spoken_the_results_of_collective_price/ + +Yesterday, the day ended with the price being around 421 USD. It seems the collective prediction of the price failed. What do you think was the reason for that? A few commenters on the original thread were skeptical of the short timeline for the first prediction and only predicted the price for January 1st, 2019. Do you think this prediction could be more realistic, even though the first one failed? Or do you think we are just too biased to make a useful prediction? + +Anyway, at least today we started to move in the right direction! +Rookie investor here warning to other rookies. I inadvertently purchased warrants thinking that I was buying shares. The warrants were the same price as the shares, I just wasn’t able to tell the difference when I bought them on TD direct investing (WTS GRN )a number of months ago. A few days ago they expired and all of my now everything I invested has just gone and I’ve been told there is no way to retrieve my money. Warrants have an expiry dates unlike shares. I honestly had no idea what warrants were until a few days ago. Hopefully this will save someone making the same costly mistake I make + + +Long term 99.99% of penny stocks and 99.9999999999% of penny stocks recommended on this subreddit just go down. + +Bag holders try to prop them up, promising short squeezes or catalysts NEXTMONTH^(tm) , but 99% of the time, none of that happens. + +If you are in a penny stock and there's no big movement and no catalyst for a month, Get out. + +If you are thinking about getting in and they are just in phase one testing for the miracle drug. Don't buy, you'll have time. + +Penny stocks are for quick holds. Wait for the catalyst, buy a day before and ride the wave up or if nothing moves get rid of it quick, because if the catalyst comes up empty, you're going down. + +Good luck! +Seems like there are multiple weekly posts here by young adults saying that they're just turning 18 and their parents are tossing them out of the house. But reasons are rarely given. + +For those of you that have been in that situation (either parent or child), and it's now a few years in the past so no longer "heat of the moment" thinking, what were the reasons that caused the sudden get-the-heck-out problem? + +Just surprised at the sheer number of these posts, and can't believe that it's mostly parents just wanting to begin living a kid-free life. + +P.S. To make this also a PF discussion for the young adults out there too, then as a parent I'd suggest staying ahead of this get-out-now possibility by: + +---Helping out with some chores regularly around the house (without being nagged to do them) + +---Either working a decent amount of hours or going to school (college or trade), or both. + +---Not spending all your work $ on partying and/or clothes and/or a fancy car. Kick something back to the household once in a while if you're going to continue to live there longer term as an adult. + +---And IMO very important here --- sharing some life plans with your parents. Don't let them assume the worst, which would be that you have no plans for the future, plan on living there indefinitely, and that you'll just spend all your $ on parties and/or video games and/or sharp clothes and save none of it. 99% of us parents want to hear about your plans + dreams! + +---Finally, if you're in this get-out situation and there's no abuse involved, then sit down with your parents, implement some of the above items, and either negotiate a longer time to stay so that you can get your plan working (share it with them) or offer to start paying some rent. + +Edit: Above tips in PS are meant for young adults with a reasonably normal home life situation. It's been pointed out to me that I'm assuming most 18-ish year olds have reasonable parents, and that a decent bit of time this may not be the case. + +Edit 2: Wow, this thread really blew up, and with a huge variety of stories + opinions. While I haven't gone through every post, between what I've read here and a few PM's I've received there's a wide, wide spectrum of beliefs here. They vary on one end from, paraphrasing, (a) majority of parents out there are horrible and dump mentally on all around them including their kids, so zero of this is on the young adult (doesn't bode well for our society going forward if that's true), to on the other end (b) kids with their phones, video games, etc and general lack of social skills and motivation give parents good reasons to have them hit the road at 18 (also doesn't bode well for our society going forward if this general description of young adults holds true). + +Edit 3: Wow again. Woke up to Reddit gold and silver. Much appreciated! +I honestly don't need all these idiot questions like "how do I short LYV" showing up on [https://www.reddit.com/r/wallstreetbets/new/](https://www.reddit.com/r/wallstreetbets/new/) . + +My Saturdays and Sundays are free since I follow market hours. I volunteer my time to be enforcer. + +inb4 Positions or Ban. I'd propose all future posts arguing a position needs this. I will enforce since I'm basically refreshing new every minute. + + [https://imgur.com/a/GNvASTx](https://imgur.com/a/GNvASTx) + +&#x200B; +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/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) +Just as the title says, I was born into a poor family of 10 in rural southeast America. Like," sometimes we missed a few meals and went hungry" poor. I've (48F) just received a large amount to me ($1.1 million) of money in a completely legal way. It is sitting in my checking account and has been for the last 8 months. + +I have tried to research on my own as much as possible but I know absolutely nothing about money management or investing. It seems like the safest route would be to put the cash in a savings account and start an IRA. I've spoke with the financial advisor at my bank and he just seems to want me to invest in CD's or other investments at his bank. It seemed like very biased advice to me and I don't fully trust him honestly. + +I have lived pay check to pay check the last 20+ years and have no reason to have ever learned about investing. I know that's no excuse for being ignorant, but I just want to clarify my current position. + +* \-I do not have any money saved for retirement yet. +* \-My car is in good condition and completely paid for. +* \-I own a nice house in a great neighborhood and currently owe about $300K on it at 3.4 interest rate. It's one of the cheapest in the area. +* \-I have two children, one will be entering college soon and the other has 5 years until he graduates high school. I don't have a college savings account set up for either yet. +* \-My Husband is not employed and no longer able to work but does not have any medical expenses other than the general checkups. +* \-Our bills including utilities, mortgage, and living expenses in general total almost $3k a month. +* \- I am currently making about $35k a year but the outlook for my company is not good. I truly expect one more year there before I’m let go with no unemployment or severance coverage.  I will also lose affordable health insurance coverage for my entire family if this happens and I'm especially worried about these costs. + +What’s the smart move for me here financially? What would you do in my shoes? Any advice is so very appreciated.  + +&#x200B; + +ETA: Thank you all so much for the advice. It's literally life-changing for this random internet stranger and I appreciate it so much. Something so evident to most people but I never considered was the option to go back to get licensed in the field I'm currently working entry level in because I'm not certified. I couldn't afford the time or funds to go back to school previously, but I should be able to licensed in my state and earning around $75K-$95K in a little over 2 years with the help of some of the licensed folks I currently work with. + +&#x200B; + +&#x200B; +So...I have a situation since 2020 when my city and the surrounding towns got hit by a powerful earthquake. + + + + +Basically back in December 2020 I took a loan out from the bank to buy an apartment in this city. 20 days later the building was roughed up by the quake as the wave went across our apartment building. The apartment is done, the building lost all its resistance and is still pending demolishment. Nobody lives there anymore since the end of 2020. + + + + +Basically the government declared a disaster and said it will help in rebuilding all the damaged buildings/apartments. They asked EU for help and they sent the money. As per contract with the bank, I notified them of the building situation immediately and they offered me a loan moratorium for one year without the need to pay any of the bank claims for 2021 but they would increase the interest rate the year after and I would need to get more money to them in the end. + + + + +Forward to 2022 Ukraine war started and the only bank at that time that would give me a bank loan was Sberbank (because I run a small SME thus everybody else thought of me as a liability). Sberbank got taken over by a national bank. + + + + +Now I have to pay half the rate every month for the bank loan. Meanwhile, the rebuilding process is not going anywhere. The building is for now standing, threatening other buildings and people around her, government is doing nothing and the EU money that they got is either missing or stolen or they dont plan to rebuild anything. + + + + +As you can see now I'm paying for the loan of the apartment which is heavily damaged and unlivable in a building that is pending collapse. + + + + +I tried to talk to the bank to get out of the loan or settle on half the loan (I managed to gather half the money from savings and various donations) because I dont plan on paying for something I dont own and cant do anything with it like living inside the building. They said no, we want the complete amount. + + + + +Last I heard about the rebuilding is that it will take up to 10 years to rebuild and if they do, they will basically build it like a blank, with no installations in the apartment, no floors only concrete (if I am lucky), no heating pipes, electrical cables etc. which the building had at the time of the quake. Bonus was that the bank loan was taken out in national currency which will be transferred to euro beggining of 2023. As you can see it's a very tough and strange situation and I am stuck. + + + + +Care to offer any helpful advice or thought how I can get out of this situation? + + + + + + + + + + +P.S. I can't get any other bank loan because I'm an SME, and this was my one chance at getting an apartment for me and my family. +I had some really weird interaction with some shills the last days. I wanted to suggest bringing in GameStop social media people to either open a dedicated sub or take on mod positions in here but got downvoted to hell. After I talked to some people in private about this idea (because shills kept following me around and downvoting everything I typed). I realized this is much more feasible then I thought. It would require reaching out to GameStop itself, they will know best if that's something they wanna do, or if there are actual objections. I realize this will probably get downvoted in seconds, because shills have not given up on taking over moderation. And its clear how shills go full ham on this. They maybe wanted to feint a migration by big numbers, but that's not how any of this works, so there is that. + +Also that "lets vote with upvotes" is so disingenuous, because they know that they can just overload upvotes with bots, but I'm sure real people already know. + +I'm just gonna sit tight and let this wash over, They are fucking scared out of their minds, because of the exposure. I think mods should pin a post that this sub is overloaded with shills for the foreseeable future, just a heads up for people who get here. + +SothisismoreofatesttoseeifIgetdownvotedagaincheckmypinnedpostforaprimecollectionofshills. + +&#x200B; + +EDIT: I guess I'm not getting downvoted anymore, OR my idea was genuinely that bad LOL + +EDIT2: jsmart has an AMA as hes resigning as a mod, I think Ill stop engaging with this clusterfuck and step outside, this will sort itself out eventually. I would suggest that everyone, just follow individual people that you know you can trust. See you boys and girls + +and remember the DD is done, hedgies are fuk, BUY AND HOLD <3 + +EDIT3: The Gamestop mod thing was a suggestion to solve the mod drama situation. As I have seen how the mods dealt with all the shit and we are basically back to normal there is no need for a solution anymore. You can stop DMing me now its ok, I know it was a shitty idea. And no I'm not "spamming" GS with horrible ideas. Damn some people really get high by shitting on other people it seems. BTW I don't contemplate suicide, I'm fine thanks automod <3 +I have recently taken up a job (about 3 months ago) and have not yet been officially. It is a very small business and we have had major issues with accountants and have been unable to pass on hours yet to be officially sorted. + +I have been reassured that I actually have until October some time to file my taxes/income for this current financial year, but it makes me uneasy and I’m not certain how it works as this is my first job that I’ve needed to be worried about taxes. + +I am currently being bank transferred a small amount of money when I need it, but have not received a pay slip or and super yet. + +Can anyone tell me what i actually need to make certain of before the 30th? +[https://www.livewiremarkets.com/wires/aussie-house-prices-fall-for-the-second-month-in-a-row-and-the-pace-of-declines-is-accelerating-quickly](https://www.livewiremarkets.com/wires/aussie-house-prices-fall-for-the-second-month-in-a-row-and-the-pace-of-declines-is-accelerating-quickly) + +&#x200B; + +"In what should come as no surprise to regular readers of this column, Australian house prices have declined for the second month in a row in June--and the pace of losses is accelerating sharply. According to CoreLogic's market-leading daily hedonic index, dwelling values across the five largest cities fell by more than 0.8% in June following on from a 0.4% loss in May. " +EGOH Finance was founded by members of the HOGE community and is an extension of the HOGE ecosystem. EGOH is a BEP20 token that takes advantage of the Binance Smart Chain and bridges the gap between HOGE (ERC native) and low gas fees. + +EGOH isn’t like any other token out there. We are a community-oriented token built on the idea that we are all devs. + +- EGOH is a deflationary, autostaking token, that brings you the best of both worlds. Just by holding EGOH in your BSC wallet, you will receive HOGE free! + +- Every buy/sell of EGOH sends HOGE out to every holder; EGOH buys HOGE on BSC (thereby supporting HOGE price) + +- LP locked (https://www.team.finance/view-coin/0x147e81789bBDc9820Da35Cc613cf10c0B2D06399?name=EgohFinance.com&symbol=EGOH) - at first unlock, EGOH will list on HogeSwapBSC + + +&nbsp; + + +EGOH is completely integrated and built to support the growth of the HOGE ecosystem. At launch, 5% of the EGOH supply was sent to the + +HOGE BSC donation wallet. EGOH buy/sell transactions donate to the HOGE community through reflections and support HOGE price by buying HOGE BSC. + +Listed on CMC within 3 hours, CG within 3 days. Highly efficient and experienced team of developers. Team of developers will doxx - KYC with HOGE team and announce to community. + + +&nbsp; + + +**Tokenomics** + +- 5% HOGE reflections back to all holders + +- 2% Marketing Wallet + +- 2% LP + +- 1% Burn + +- Slippage: 11% + + +&nbsp; + + +**BSC Contracts** + +- EGOH Contract Addresses: 0x147e81789bbdc9820da35cc613cf10c0b2d06399 + +- Free Reflection Token HOGE: 0xa4fffc757e8c4f24e7b209c033c123d20983ad40 (HOGE BSC) + + +&nbsp; + + +**Important Links** + +- Website: https://EgohFinance.com + +- Twitter: https://twitter.com/egohfinance?s=21 + +- Instagram: https://www.instagram.com/egohfinance + +- Reddit: r/EgohFinance (https://www.reddit.com/r/EgohFinance/)/ + +- Telegram: https://t.me/EgohFinance + + +&nbsp; + + +**Important Notes** + +- Upcoming AMA with Whale Chat Talks Friday Dec 3rd at 7pm UTC / 2pm EST + +- Upcoming AMA with HogeFinance Community. Telegram - Wednesday 10am EST & Discord - Friday @ 12pm EST + +- EGOH Finance will be Whitelisted on HogeSwapBSC and Pancakeswap + +- We have several key partnerships for the future that will bring utility to this token and community + +- Liquidity will be created with HOGE/EGOH pairings and HOGE/BNB + +- We have Unique Everything from Website to Tokenomics, you name it. +Good afternoon personal finance, throwaway for privacy. +After 22 years at a very large corporation, my father who is in his late 50s was put on a performance improvement plan by his boss (this was about a month ago, frankly not due to performance in our opinion), and on Friday he was told his services would no longer be required. + + + +The situation is as follows, my dad is stationed at a project in PA. He is currently there by himself, I am living with the rest of my family outside the US and we need to decide how to move forward. My parents have no debt other than a mortgage they are almost finished paying off. He was making about 140k a year. We have about 6 months in savings and a house that can be sold in the US which is currently being rented out, but that was supposed to go toward retirement. (He also has a 401k etc). With my dad at home we would be spending about 6k per month (2 colleges etc). + + + +My father has a meeting tomorrow with HR, they told him on Friday that they could pay him until mid December and he could take the money and run, or he could continue working until the same date. This was sort of a casual offer made by his bosses. What kind of severance if any should he be expecting and should he take it, or keep working until the end date they provide? What should he say to HR?This was at will employment. + + + +Also, health insurance is an issue, it is provided by his employer. Could he negotiate the right to remain in his plan (which also covers me by the way, I´m 21 and have a preexisting condition) or does he have to opt into COBRA and later find another plan? + + + +Finally if anyone has any tips on how a man in his late 50s who has worked at the same place his entire life should go about finding another job this would be greatly appreciated. How long should his resume be, what should it contain? should he just fire away as many resumes as possible? etc. He made about 140k and worked in project controls. (engineer). He would probably be willing to work anywhere in the US and for half the money if the job was chill. + + +Any advice is good advice here. We have no idea how to go about this and I´m assuming it will take him a while to find another job. My dad works in the US to pay bills, but he hated his job and would love to come home. The job was life sucking and involved working weekends and until very late. However if he does this he can´t file for unemployment, and if it´s tough to find a job at his age in the US, it´s nearly impossible where we live. +If I´m in the wrong place or all over the place I apologize, let me know and I will edit/delete. If more info is needed I'll get it. + +Thank you all for your help, I'd love to come through for my dad on this one. + + +EDIT: Well this blew up. Thank you all for your advice and kind words. He has been informed of the success of the thread and was quite amused and happy about it. In fact, this is currently on the second page which is a personal best. + +As for all of those saying you should sue and/or should not sue: Legal action does not seem likely, in his opinion the PIP was not justified, and other factors played an important role, as well as the fact that after 22 years you sort of expect a little more than a PIP slapped in your face if you are having difficulties. However, right now the most sensible thing for him is going to be to dust himself off and look for another job. He will still be going to see a lawyer however, just in case. This will be mostly to make sure everything is in order with the offer HR gives him. + +One more thing, we knew from the beginning the PIP was the end. We all know those things are pretty much only used to fire employees. One Google search and that was pretty clear. Unfortunately my father is very professional. +*Title edit*: it’s not proof - but by staying quiet and posting AMC friendly content, Superstonk is essentially allowing the mainstream media to group GME and AMC together - not just to unsuspecting investors - but to regulators as well. + +I say this as respectfully and as politely as possible. + +There is only one company here that’s doing a turnaround that’s going to be remembered in the business world for decades. + +There’s only one company that has over 100% of the stock shorted. + +There’s only one company speaking with their actions and not their words. + +Invest in what you want, but this is a GME MOASS sub and the only discussions regarding AMC around here need to be pointing out that AMC is a distraction and strategic move by parties on the short side of GME in multiple ways. + + +There’s only one MOASS guys. There’s only ONE fucking MOASS. + + + +This is not financial advice. I just like +The stock and I love fellow apes so want to do my part to spread the awareness as the truth has been slowly quieted. + +Moderators need to also do a better job of following these rules themselves honestly as I’ve noticed one in particular continuing to post and talk about AMC here in a positive manner. + +Stop supporting AMC here at Superstonk. If you think AMC is not a play by those on the wrong side of GME, then kindly keep that to yourself or discuss that on another subreddit and while here, please respect that GME is the only MOASS and that apes here will do what they can to spread awareness about how ever since January AMC has been their biggest play and that they’ve been trying to suppress that information and make it more accepted. + + +——- + +*edit*: For those who say that everybody already knows this? No…. Not everybody knows this.. + +https://www.reddit.com/r/Superstonk/comments/o04xrt/amc_day_is_proof_theyre_trying_to_get_amc_and_gme/h1tb49k/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf&amp;context=3 +That's great! Does that opportunity pay a living wage? What about benefits? If the answer is yes, you're awesome! If the answer to either of those questions is no, however, well... you're part of the problem! + +And if that's the case, what does that mean? Oh, right! It means you're trawling a subreddit full of desperate people trying to honestly fight their way out of a bad situation, but with no intention of helping them. And you know what? That's awful. + +I'm getting more and more frustrated seeing recruiters on here saying they "can't find good people" or that they "just can't fill these positions that are open." + +💡Here are some bold ideas to help you recruit💡 + +Have you thought of paying twice the minimum wage? + +Have you thought of providing employer-sponsored healthcare with no or little cost to the employee? + +Have you thought about eliminating part-time positions in favor of full-time jobs with benefits? + +😱 WAIT WHAT'S THAT? YOU NEED MORE HELP JUST TO COMB THROUGH THE QUALIFIED APPLICANTS???😱 + +Don't blame generous unemployment for people not wanting to come back. Tell your owners to pay a living wage. Every single person on this page deserves it. + +Even you. +I see a lot that people compare the S&P's 7-8% return over 20 years is a better use of money than investing in real estate. I understand that RE is riskier and not as passive, but I feel that even basic RE investing is much more lucrative. + +&#x200B; + +If you simply get a conventional loan of 20% down on a 100k property, assuming the property appreciates at a conservative 2% each year, this would surpass your stock return alone (2,000/20k = 10%). Appreciation is treated as a compound interest just as an equities investment would so it would win out by a lot over a 20-30 year span. + +Cash flow and equity pay down, in my opinion, is just icing on the cake (sometimes a rather thick layer of icing). As we all know amortization works by gradually paying less interest and more principal as the loan matures so your ROI would only increase. Assuming a 1% cash flow and a 5% interest rate loan, you would be looking at a 17% ROI on investment in your first year alone. This isn't even looking into the tax benefits. + +Now I know people say RE is anything but passive, but I'm assuming the cash flow is after paying for a good property management company. + +&#x200B; + +I understand you could use the BRRRR method, hard money, etc. to increase ROI, but I wanted to use the most mainstream example I could think of. + +Even if someone didn't want to be involved in the property, wouldn't a NNN property be just as lucrative? + +With this argument in mind, what are people's rebuttals for why equities are better than RE investing over the long run + +( Other than a need for little to no work) ? +Ok, this is fairly simple. + +You may have seen a pinned post over at ‘bets’ sub talking crap about DRS and GME. + +DON’T FALL FOR IT. + +Aside from the fact it’s rattling cages and the mods are apparently throwing out bans as quickly as they can hand them out, any good faith arguments *may be seen by Reddit admin as BRIGADING.* + +Is this fair? No. Is it worth the risk of getting this sub getting shut down? Also , no. + +Be smart. Don’t give anyone ammo. Be like RC. + +🏴‍☠️ + + +Edit - FOR CLARITY, I am not suggesting you go over and get a ban for lols, quite the opposite in fact. 🤦‍♂️ +Is my math Wrong? + +Shares outstanding - 76.49m + +Insiders own - 13.75m + +Institutions - 21.74m + +Mutual Funds - 26.511m + +DRS Shares - 5.2m + + +That’s 67.2m owned out of 76.4m + +I think it’s fair to say DRS has doubled since October 31. So that brings us to 72.4m or 95% + +I know I’m not alone in owning 5x shares in my IRA for every share in my money market account. Which makes the argument we are well over 76m as the DD suggests a slam dunk. + +Keep DRSing…….shorts R fuqd +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! + +I'm really interested in Baja, some of the yields were looking better than most American cities before COVID. With cruises and airlines being hit I could see a major resurgence in BC. Anyone looking at Puerto Vallarta? or any resort towns. In 2008 prices went down in correlation to the USA sub-prime mess. I'd like to pick up a few units for personal use there. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +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! + +Amazon just announced that they will stop accepting Visa cards issued in UK. Stock is down about 5% this morning. I believe it is an overreaction for two reasons: 1. Amazon UK market is not a huge % of Visa’s revenue. 2. They are likely to come up to some agreement re: fees. + +I have an Amazon credit card issued by Chase. It is Visa. As far as I know it is the only Amazon specific credit card out there & I haven’t heard about it going away anytime soon. + +Now, I have V stock but it is about 2.5% of my total portfolio. So I am not very concerned & even considering buying more during this dip. Any opinions? I am open to being schooled :). + +EDIT: interesting that Mastercard is down 4%+ today as well. I would have though that this piece of news would send it higher. +There have been quite a few relationship posts recently so I thought I'd add to the ruckus over the weekend: has anyone used a matchmaking service before? I considered going straight to /r/relationship_advice but would prefer the fat-perspective on a premium service. + +I'm a HNWI but not a VHNWI, so the issue isn't as much being afraid about finding someone I can relate to, nor is it about avoiding someone solely interested in my money (there's plenty of bigger fish out there for those types) - it's more so about frustration with dating apps and making real-life connections amidst COVID. I would love to hear about your experiences here. I'm ~30 and in the American Midwest. +I want to know at what % of dip you decide to average down ? + +For ex : Let say I bought 5 hdfc bank stock at 1400. Now after a week it is at a 1500. In next week market turns red and hdfc bank is 3% or 5% down from ltp. Let say it is at 1450 so should I buy 5 more or i should only average down when it is below my first buying price i.e 1400 ? + +I hope you get my point what I am trying to ask. +Wrote this in a comment reply in another thread, and realized it deserved it’s own damn thread. + +As we can see from 2020/2019 NSCC Annual Financial Statements, “[O]pen positions for which a trade guaranty applied”: $183 billion ($143 billion)", yet as of Dec 31, 2020 the clearing fund only had $11.8 Billion ($5.5 Billion). The DTCC has allowed an untold number of failures to deliver to accumulate without instituting a forced buy-in. This same DTCC is now asking that they and the bad actors/criminals who are intentionally and continually failing to deliver without ever covering their naked shorts or failure to deliver, should be allowed to set up a system that legally allows them to indefinitely naked short and fail to deliver. The fact that the NSCC is even proposing this shows the fact that the SEC needs to step up and take immediate independent action of the DTCC in closing out of all naked short positions and all failures to deliver.” - SEC comment. https://www.sec.gov/comments/sr-nscc-2021-010/srnscc2021010-9410381-262943.pdf + +That figure of open positions for which a guarantee applies is now up to $185 billion as of last December. That is 185 billion worth of FTDs and naked shorts that have not been cleared, and continue to exist. https://www.dtcc.com/-/media/Files/Downloads/legal/financials/2021/NSCC-Annual-Financial-Statements-2021-and-2020.pdf + +The system is corrupt as fuck. The NSCC and DTC are complicit. Everyone is in on it. + + +Citadel Securities, the Market Maker got fined $180k in 2020, for not identifying 6.5 million trades as short sales between Sept 2014 and July 2015. That is over 26k short trades a day, a fucking day. They get a slap on the wrist of 180k half a decade later in Nov 2020. + +In July 21 an unidentified clearing house was fined 300k for short sale buy in failures, and failing to identify the trades as such to the participating brokers… + +In Nov 21 Merrill Lynch was fined 850k and 1.5m separately for short sale violations… + +Anyone that tells you that Market Makers and Clearing houses are playing by the rules is either a troll or a complete r e t a r d, potato. +Discuss. + +Fin + + +Edit: Thanks for the gold, kind stranger. + +Edit 2: Sadly NSCC 010 was passed and is now in effect. Here is a comment from the above link further illustrating the importance: + +“I would like to thank the Commission for delaying NSCC 010 and then instituting proceedings to consider disapproving of the proposed rule. What is NSCC 010, NSCC facilitates 1-day loans of securities from Counter Party A who has the security to Counterparty B who is going to fail to deliver the stock they sold naked. This would allow for Counterparty B to "cover" their naked short position for a day, preventing the naked short from becoming a failure to deliver while counterparty A gets an agreed amount of cash for their loan. Thereby resetting the cycle and allowing the naked short to indefinitely persist.” +The announcement of a dividend, today or sometime in the future, will likely be the beginning of a journey that will last *at least* 90-120 days, a period that could see MOASS occur at any time, or several foreshock MOASSes to occur before the main event. + +Here's a loose timeline of events to happen: + +### (Event 0) D-10: The Notification + +The exchange must be notified 10 days prior to any planned Dividend announcement. Has the Exchange been notified? What would happen when it is? Would certain inside players attempt to drive down the price? I know I would. + +### (Event 1) D-0: The Declaration + +The day of the public announcement/press release, is known as the Declaration Date. The Declaration happens at the end of a trading day. + +The Declaration Date will announce the dividend details (Cash/Shares/NFT), and, most importantly, the **Date of Record**, which will be the future date that will be used to determine which shareholders of the stock will receive a dividend. The trading day before the Date of Record, known as the **ex-Dividend Date**, is essentially the cutoff date for getting your hands on a dividend. + +**In order to ensure you receive a dividend, you MUST own stock at least ONE DAY BEFORE the ex-Dividend Date** (aka two business days before the Date of Record.) Remember, settlement takes two days. You need to accommodate for that. + +**There's some flexibility in how far out after the announcement the Date of Record is. I'm going to assume 10 days. This makes the ex-Dividend Date D+9.** + +### (Rollercoaster 1) D+1 thru D+9: Volatility + +In a normal circumstance, knowing that a purchased share will yield you cold-hard cash in short order, the price of a stock would typically rise in relation to the dividend value itself (and any speculative conclusions made from an earnings reports, etc., assuming they were announced together. + +In GME's circumstance, and assuming the dividend is an NFT, we... don't know what will happen. I personally have faith that retail sentiment alone will drive the price up to new record levels. There should be a **"oh my fuck, they were right!"-moment** amongst retail and traditional investors who had previously expressed doubt in GME. + +I would expect short-sellers to either increase their short positions or do absolutely nothing. They won't want to contribute to the rising price at this time. + +I would expect disinformation about the peak already coming and going at this time. Damage control by the Financial Industry will be in full-effect. + +### (Rollercoaster 2) D+1 thru D+9: Margin Calls, or Lack Thereof + +**Remember how Evergrande "made their payments" for the last 2 months? That will likely happen here.** Don't expect a rising price to trigger a Margin Call. + +Combined with the above, expect the lack of a Margin Call to be presented as *it having already happened* and the peak having already arrived and gone. This will be the tactic of the Financial Industry and Financial Media. + +It's going to be real hard to deny their claims that the peak came and went. It's your job to be strapped in and ready for the ride. + +### (Rollercoaster 3) D+1 thru D+9: The Legal Challenges + +This is a foregone conclusion. Someone will challenge that an NFT isn't a valid dividend, and will seek to offer cash in-kind. + +The Overstock verdict helps us in this regard, but there remains a risk that a legal challenge could accomplish two things before our ultimate victory: Halt trading in our stock; or delay payment of the dividend. Both may result in price momentum loss and/or a severe dip. + +This will be further represented as the end of MOASS. Anyone still holding stock at this point will be declared bag-holders and the pressure to sell will mount if you're not aware of this tactic. + +### (Event 2) D+10(?): The Date of Record + +Assuming legal challenges don't alter that date, the Date of Record is the finish line for those wishing to have an NFT. + +**If Margins are not Called by then, it is probable that price flatlines or even dips severely after this date.** The pressure to buy for the NFT will diminish (since you won't be eligible for it if you do) and the incentive to short will increase. + +The resultant price movement will be used as further evidence that MOASS is over. + +### (Event 3) D+10+30: Payment Date + +Stockholders should receive their dividends within days of ~~announcement~~ the Date of Record passing. In practice, they have ~30 days to dispense them. + +Price movement will continue to be suppressed due to Event 2 having passed. + +### (Event 4) D+10+31: The Refusal To Distribute Dividends + +As brokerages find themselves unable to distribute NFT dividends due to lack of supply vs. claims (thanks naked short selling and synthetics), they will ultimately stop distribution. After the typical ~30 day deadline for payment, they will notify GameStop that they cannot/will not distribute the dividend. + +This cannot be stressed enough: **The ownership of shares in brokerages is THE ULTIMATE CATALYST FOR MOASS.** None of this works without our apes holding shares in brokerage. MOASS only happens when someone is owed something they can't be given. (e, 3:19p EST): This isn't an encouragement not to DRS or to detract from it's importance, just a recognition that DRS means nothing unless DRS 100% + More in Brokerage exists. Also, DRS is a separate MOASS effort that doesn't affect Dividend MOASS.) + +CS holders will receive their dividends via whatever method GameStop has accommodated. And so will many brokerage apes (assuming the float isn't locked up by then.) + +It's you heroes who can't DRS who will be helping to make this happen. Not receiving a dividend doesn't make your shares worthless. To the contrary: It makes them the most valuable. + +(e, 3:34p EST): Legal Challenges will happen during this time by investors suing the DTCC and brokers for a) Not being able to deliver their dividends; and b) diluting the value of their shares via synethics. + +### (Event 5) D+10+32: The Filing To Change Exchanges + +With the refusal to distribute a dividend, GameStop will exercise the verbiage they placed into their corporate documents and declare their intention to leave the standard exchanges. + +This starts a 90-day clock. + +### (Rollercoaster 4) D+10+32 thru D+10+32+90: Liftoff + +If we survive the legal challenges and we HODL like the movie montage trained us to do, and Margin Calls continue not to happen, MOASS definitely happens during this 90-day period. + +Shorts are closed as brokerages prepare to give their holders real shares for the coming exodus. The price reaches obscenely-high levels for what it is. + +### (Event 6) D+10+32+91: Touchdown + +We've arrived on the Moon. Those who cashed out are sitting pretty with a windfall they didn't expect to have just 12 months ago. + +Our remaining GME shares have been converted into blockchain holdings. The share price plummets from its MOASS peak to an accurate reflection of the company's worth - a price several times higher than its quote as of this writing. + +MOASS is over. The proof-of-concept re: a new stock exchange has become reality. And other companies begin to follow suit. +[https://www.politico.com/news/2020/10/10/feds-may-target-googles-chrome-browser-for-breakup-428468](https://www.politico.com/news/2020/10/10/feds-may-target-googles-chrome-browser-for-breakup-428468) + +Google is really getting it from all angles: + +* House Antitrust complaints (focusing on search dominance and censorship) +* DOJ Investigation of advertising market +* DOJ Investigation of Search +* Whatever the State AGs are going to focus on + +I'm not sure a divestiture of Chrome, Doubleclick, or any of their web-based advertising ecosystem would have a meaningful impact on the company, but there are so many unknowns right now. +Well its been fund gambling with options but i want to be the house now. How can i use whats left in my account to utilize selling options to recover my loss? Any advices are really appreciated +I won't have time until next few days to post into my DD about wash trading, which I think it's incredibly relevent for the price we're seeing right now, so I will lay out the skeleton here: + +I propose the missing link to understanding how Citadel is manipulating the price of GME lately, is that they are manipulating the NBBO of GME directly. Quick reminder - the NBBO is the 'waveguide' / 'channel' that all GME trades are required to trade within (due to the Order Protection Rule), except for Odd lots (which can be better than the price). **The NBBO is formed from the best ROUND LOT bids and offers on given exchanges. Odd lots do not affect the NBBO - they are excluded from the calculation.** + +All you need to do to lower the Offer side of the NBBO, is to sell a Round lot, for less than anyone currently is - that's it. Once you keep dragging the Offer side of the NBBO down, this will lower the price too. + +**So what Citadel et al are doing with the left hand, is offering to sell round lots on the public exchange, for less than the current price. This lowers the 'Offer' side of the NBBO. With their right hand, Citadel place Odd lot buy orders in the dark pools / OTC, for slightly higher than what they are selling on the lit exchange - creating an arbitrage opportunity for other parties.** + +**What other parties see from this, is a 'round lot' for sale on the lit exchange for say $179.50, and they see plenty of Odd lot purchases in the dark pools for $180. If they buy the round lot, and then sell it piecewise on the dark pool into Odd lots - they make $50** (if it was 100 shares) + +**Then they do this again, except they go slightly lower price, and again, and again.** + +Crucially, by performing this action repeatedly BOTH sides are committing wash trading (which I should remind - the penalties are hardly severe, and my previous DD possibly implicated Citadel committing wash trading in China). The price difference, is the incentive for a 2nd party to commit wash trading and become complicit in the fraud. + +\[Edit: Note that the Odd lots aspect doesn't require dark pools / OTC. **Odd lots hide the buying pressure, dark pools hide the buyer & seller's identity**\] + +# What evidence would we expect to see? + +**We would see plenty of Odd lot trades in the dark pools / OTC, and they would be slightly higher priced:** + +[https://www.reddit.com/r/Superstonk/comments/n3y2vd/otc\_dark\_pool\_weekly\_data\_for\_329\_latest\_nms\_tier/](https://www.reddit.com/r/Superstonk/comments/n3y2vd/otc_dark_pool_weekly_data_for_329_latest_nms_tier/) + +[https://www.reddit.com/r/Superstonk/comments/mv5kbm/deep\_dive\_into\_dark\_pool\_trading\_how\_they\_might/](https://www.reddit.com/r/Superstonk/comments/mv5kbm/deep_dive_into_dark_pool_trading_how_they_might/) + +Here's the 10th June: FINRA ADF data (a place you can report your dark pool trades to) - 1.7m volume, average trade size 19 shares ( [https://www.reddit.com/r/Superstonk/comments/n9m342/finra\_adf\_today\_with\_the\_highest\_total\_volume\_of/](https://www.reddit.com/r/Superstonk/comments/n9m342/finra_adf_today_with_the_highest_total_volume_of/) ), and their known participants (Jane street, JP Morgan securities: [https://www.finra.org/filing-reporting/adf/participants](https://www.finra.org/filing-reporting/adf/participants) ), we can deduce they are likely involved. + +This ape found Odd lot trades outside the NBBO in dark pools: [https://www.reddit.com/r/Superstonk/comments/n7ahcl/found\_something\_funky\_on\_the\_dark\_pools/](https://www.reddit.com/r/Superstonk/comments/n7ahcl/found_something_funky_on_the_dark_pools/) \[Edit: Dave has commented to the OP of this linked post saying that the NBBO data the OP sourced was perhaps delayed and thus he doubted the conclusion. **However**, even with a delayed NBBO, a measured correlation between Odd lots and the NBBO would not be expected, assuming the price behaves approximately randomly. I.e. **The Autocorrelation of a uniform random process (this approximates short-term stock prices), very quickly drops off to zero**.\] + +Blackrock comments on the Odd lots proposal: [https://www.theice.com/publicdocs/BlackRock\_Odd\_Lot\_Proposal\_December\_3\_2019.pdf](https://www.theice.com/publicdocs/BlackRock_Odd_Lot_Proposal_December_3_2019.pdf) + +We thought months ago it was dark pools hiding the buys, but people such as Dave Lauer showed that this is not true, as all trades need to be reported to the tape. It is the Odd lots that provide the hiding of the buying pressure - they are the secret sauce. Many other apes have indeed found that the dark pools are FULL of GME Odd lots, and one ape even found that they were above the NBBO (although based on imperfect data). + +In summary, I will write this up properly, but it's super relevent today - so I let the skeleton outside :) +&#x200B; + +[Euro\/Usd 5min backtest result: ](https://preview.redd.it/a7rvzymrk9991.png?width=1366&format=png&auto=webp&s=e7effee84e0edff6e95d4d8f83a3ee16818b4411) + +Settings used: 15 point take profit, no stop loss, 0.9 sensitivity + +I can find similar results on usd/jpy + +What do you guys think of it? + +Code: + +&#x200B; + +\`\`\`// This source code is subject to the terms of the Mozilla Public License 2.0 at [https://mozilla.org/MPL/2.0/](https://mozilla.org/MPL/2.0/) + +// © RyoAsukae + +//@version=5 + +strategy(title = "Regression-Strat", shorttitle="Reg-Strat", overlay=true,initial\_capital = 1000, default\_qty\_value = 100, default\_qty\_type = strategy.percent\_of\_equity) + +src = close + +l1 = 25 + +l2 = 200 + +l3 = 600 + +lin1 = ta.linreg(close,l1,0) + +lin2 = ta.linreg(close,l2,0) + +lin3 = ta.linreg(close,l3,0) + +slope1 = (lin1 - lin1\[l1\])/l1 + +slope2 = (lin2 - lin2\[l2\])/l2 + +slope3 = (lin3 - lin3\[l3\])/l3 + +above = ta.crossover(close,lin1) and slope2 > 0 and slope2 > slope3 or ta.crossover(0,slope2) + +below = ta.crossover(lin1,close) and slope2 < 0 and slope2 < slope3 or ta.crossover(slope2,0) + +&#x200B; + +trueRange = na(high\[1\])? high-low : math.max(math.max(high - low, math.abs(high - close\[1\])), math.abs(low - close\[1\])) + +sensitivity = input(1.0,"Sensitivity") + +atr = trueRange/sensitivity + +short = below and ta.atr(10) >= atr + +long = above and ta.atr(10) >= atr + +p = input(50,"TP") + +l = input(50,"SL") + +Y = input(2021,"Year") + +M = input(1,"Month") + +D = input(1,"Day") + +date = time >= timestamp(syminfo.timezone,Y,M,D,0,0) + +strategy.entry("long",strategy.long, when = long and date) + +strategy.exit("exit","long",loss = l,profit = p) + +strategy.entry("short",strategy.short, when = short and date) + +strategy.exit("exit","short",loss = l,profit = p) \`\`\` +On this and other financial subs, the common trend for younger people is their desire to get rich...and as fast as possible. Many of us wealthy and successful people try our best to educate you...advise you of the steps you should take to create a solid base to build from....give you a game plan even. + +Wanted to ask you younger people....do you kids actually listen and follow through? I personally want to see you succeed in life, and it would help if every now and then, some of you post a thank you if our advice helped you make money or get ahead in life. We want to believe that we gave you invaluable information, and it would be nice of you to...you know...take a moment to let us know. + +Hope that's not too much to ask. Thanks! +So I YOLO’d Affirm ($AFRM) shares at the bottom when it cratered for some reason post-IPO and now my position has blown up to a pretty significant sum over $4 million now after an insane run since the summer. + +I’m planning to hold at least another year for LTCG since this is in a taxable account but have never held such a concentrated position in my life. + +it’s a decent percentage of my net worth and could “lock in” the higher range of chubby/low end fat (single, early 30s) here if I start selling but also wouldn’t be the end of the world if it corrected a little since I’m fairly confident that it will still be higher than where I bought by mid next year. + +Would you just leave it alone and not look at it for awhile or hedge in some way? + +Edit: sounds like buying puts is not a good idea because it resets the ltcg clock. +With so many people people fleeing the city, I was thinking of purchasing a studio / one bed as a long term investment as there has been a lot of inventory going on the market. Would keep it 5 years at least (or much more). + +Looking to spend 400-600k & would ideally want to make a super low ball offer (20-30 percent lower than list. Would look to rent it. + +Has anyone tried to purchase in NYC? Is pricing flex with everyone moving out? Also - imagine if may be hard to rent at first too... + +Just wanted to pick someone’s brain who may be doing this during Covid? +&#x200B; + +https://preview.redd.it/u4qj2f0rt4p81.png?width=730&format=png&auto=webp&s=1eb4f5e71b3b00b4b55d751043441848f6d78978 + +&#x200B; + +I don't own IHL, I don't care about the company. But I will do anything to keep the daily clear of these messages. So here to the best of my ability is a guide on how to exercise IHL options. As a first thing it would appear you will need to register for [Automic](https://www.automicgroup.com.au/) first to make things easy. And to be very clear, I have not done this process personally I cannot confirm if it is 100% correct and I am no expert or adviser this is purely a collection of online advice taken from other reddits so DYOR. + +Here is your backstory. IHL is issuing loyalty options. The options will be issued on 5pm AEDT March 25 2022. You get **one** free option for every **15 shares** you hold. These options have an exercise price of 35c each. The exercise price is the price at which you can elect to covert your options into shares. Therefore, for the options to be in the money the share price must be above 35c. On 31 March 2022 you will be alloted options. + +You have until 22 April 2022 to exercise these options or they expire worthless. Every time you exercise an option, you will get **one** fully paid ordinary share in IHL. For every **two** Loyalty options you exercise you will receive another bonus option called a piggy back option for free. These options have an exercise price of $1 and expire April 28, 2023. + +As an example if you have 150 shares: + +You take your 150 shares / 15 (1 option per 15 shares) = 10 loyalty options + +If you exercise 10 loyalty options you get 5 piggy back options (1 for every 2 loyalty exercised) + +&#x200B; + +https://preview.redd.it/cr4ylqb7w4p81.png?width=1355&format=png&auto=webp&s=d0af224e73dc069937b61fc33a1383499633493b + +If you don't want to make an automic account: + +* You may receive a letter which will mention how many options you have received and you just have to pay by BPAY to the Automic details on the letter. +* You may also receive an options exercise form with the allotment of options whereby filling out the form will enable you to exercise your options. A form MAY look like the one below from a previous IHL capital raise. +* If you are doing this through Automic I would suggest the following guide and adapting this for IHL. + +[https://www.reddit.com/r/ASX\_Bets/comments/pefab3/guide\_how\_to\_exercise\_lkebopt\_when\_it\_becomes/](https://www.reddit.com/r/ASX_Bets/comments/pefab3/guide_how_to_exercise_lkebopt_when_it_becomes/) + +I have summarised the steps in the above article below if you only need a refresher + +&#x200B; + +[IHL previous options form from 2020](https://preview.redd.it/wp7qyg1105p81.png?width=567&format=png&auto=webp&s=63d1b1fb38cad8e1a5b478418bc65d6d717c1279) + +&#x200B; + +If you have an automic account: + +This to my best ability will not describe HOW you exercise said options. + +1. Log on to [Automic](https://www.automicgroup.com.au/) and you should have your newly released IHL options in the account. IHLOPT22 +2. Click on "Documents and Statements" +3. Click on "Other Documents" and you find the document with all the payment details like above +4. Once you have received your unique letter opt for which payment type you want to you. Fill out the form. If you pay via Bpay you don't need to send the signed form back to them APPARENTLY, contact support to confirm or do it anyway I hold no responsibility for this. +5. Email Automic at the address "[hello@automic.com.au](mailto:hello@automic.com.au)" the form you filled out in step 2 along with a copy of your BPAY receipt. +6. Wait for confirmation by Automic and wait for the shares to come into your account. + +This is again just a summary of the following process: + +[https://www.reddit.com/r/ASX\_Bets/comments/pefab3/guide\_how\_to\_exercise\_lkebopt\_when\_it\_becomes/](https://www.reddit.com/r/ASX_Bets/comments/pefab3/guide_how_to_exercise_lkebopt_when_it_becomes/) + +Full disclaimer I never done this before, so I take ZERO liability if this goes wrong I havn't got a clue please keep the daily clear of this mess lmao + +So here are the links if you have any issues: + +* Your broker like commsec +* [IHL Appending 3B annoucement](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02501412-3A590171?access_token=83ff96335c2d45a094df02a206a39ff4) +* [IHL bonus options timetable](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02501241-3A590152?access_token=83ff96335c2d45a094df02a206a39ff4) +* [IHL original annoucement](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02500544-3A590011?access_token=83ff96335c2d45a094df02a206a39ff4) +* [Guide to exercising options](https://www.reddit.com/r/ASX_Bets/comments/pefab3/guide_how_to_exercise_lkebopt_when_it_becomes/) +* [If Everything goes wrong](https://www.lifeline.org.au/) +* [Automic signup](https://investor.automic.com.au/#/signup) +* [Automic Support](https://investor.automic.com.au/#/support) + +&#x200B; + +https://preview.redd.it/dvbmvz6y35p81.png?width=858&format=png&auto=webp&s=769385ae0edb35d0089a99f926696a33c7bed468 + +Definitions: + +\- Option: In the case of IHL loyalty options the holder can buy the underlying security at the stated strike price by the expiration date called the expiry. The holder has no obligation to buy the asset if they do not want to purchase the asset + +\- Exercise: The action of paying the strike price or the exercise price in this case. LKE options cost 35c to exercise and your profit is the difference between the strike price and the market price for shares + +\- Expiry: When your options expire and are no longer able to be exercised. Typically if the share price is below the strike price it is disadvantegous to exercise +Id love some advice from y’all about paying for my masters degree! + +I recently graduated with my bachelors, and I was thankful enough to graduate with no debt at all due to my parents helping me get through school. I was fortunate to land a position in Comm/ Digital Marketing for a company right after graduating, which I’ve been at for a couple months. The pay is pretty good for an entry level job, I’m on track for about 52-55k per year (hourly) with full benefits. + +I have about 2k left over at the end of each month after my bills are paid, so I’m stable right now. + +I have researched a lot, and I am very interested in a couple different online MBA/ M.S (Marketing) programs to become further educated in the field so i can advance in my career and set myself up for further success down the road. + +The question is: do I wait and save to pay for an online MBA/ M.S at a larger university? Or do I get the degree quicker and for less money at a smaller (still recognized and accredited) university? + +I want to avoid student loans entirely and maintain living debt free. some of my friends and family have been telling me to save up for a long time, or take out loans for a degree at a big name school because it will be a good ROI due to the alumni network and school name recognition, and some have said to get the cheaper degree because companies dont really care about the school name anymore as long as it is accredited. + +Im super confused on what to plan for/ consider. Any thoughts? +Hello all ! I know that in this group, we mostly concentrate on Equity investments. But I would like to know if any of us have invested in other avenues apart from Equity and debt. Did you succeed ? If not, then what happened ? +Been lurking here a long time, this is a great sub and I want to thank everyone for their questions and answers. If there is anything I can do to help someone else, please feel free to reply with a question. + +&#x200B; + +I was surprised at how many people came up to me at work when they found out I wasn't leaving for another job, curious about how I'm doing it, asking how did we come to that decision, telling me how miserable they are and wish they could do the same...I think I made more than a few converts today! + +&#x200B; + +(Of course there was plenty of "you're gonna be so bored" too...makes me sad to hear people think like that.) + +&#x200B; + +Edit: Some requests for details so here goes. Guesses below are wrong - not real estate or tech. and Im in the boston area not SF. (BTW i didnt count the house in my numbers, to me it doesnt help unless/until we sell). Went to med school, practiced for a while, got burnt out, got a job in pharma, turns out was pretty good at it. But grew to hate the corporate BS, the commute, and wanted to spend my time the way I want to spend it. We didnt live like paupers, but were relatively frugal and saved our asses off -- \~75% post-tax. Put every extra dollar towards the mortgage, the kids college funds , and retirement. We did not, and I cant emphasize this enough, worry at all about keeping up with the Joneses. We have the smallest house out of everyone we know, a normal kitchen with normal appliances, we buy our cars with cash and drive them into the ground, no summer home in the cape (I know this sounds crazy but a vacation home is like a standard thing around here). When i got a bonus, it all went to house or savings. + +&#x200B; + +I tracked our spending every month on a homemade spreadsheet, not to the penny, but the general categories. Didnt have a budget, per se, but I kept an eye on things, and like i said we werent big spenders anyway so didnt have a need to put controls on ourselves. + +Also tracked my investments monthly, and after some early attempts at "diversification" eventually wised up and put everything into S&P500 index funds (except for a small portion into a tax-free bond fund). Took advantage of everything my company offered: ESPP, 401K match, deferrred comp, etc. Eventually it reached a number i liked, and some events at work made me decide the time was right. +Got our second kid on the way and are fortunate enough to afford for my wife to continue to be a SAHM. Had to look for a bigger paying job to keep up with the costs of life. + +I don't know about you, but I'm burning the f\*\*k out. + +I'm not complaining as we are surviving.. it is manageable.. but I am trying my hardest to avoid burn out. After rent + paying off debt + kids, we have just enough left to eat and put little away. + +I find it so hard to push through because I cannot afford to lose my job or underperform. My family need me, and I cannot justify picking up a second job (already full-time) only to lose more time for my family.. but I feel as though I need to, to relive some financial stress. + +The main thing bothering me, is that I earn a fairly decent wage (not quite highest bracket), only to live like a complete bum. I never treat myself, everything goes to my wife & kid or into debt. + +Are there any support groups for this sort of thing? + +I would love to hear how you are feeling as I feel very alone. +Alright so, A few weeks back I posted about the shady situation I found myself in, as [Fidelity didn't have all of my GME shares available to vote](https://www.reddit.com/r/Superstonk/comments/uo3fcu/update2_fidelity_hasnt_found_where_10000_dlls/). + +I shared on SS and they were popular posts with lots of comments, a good chunk of which were along the lines of "*if youre on margin, you had it coming, you shoulda known better*". + +I trade options, some naked.... but that is not the point. My point was really, how can those shares be lent when YOUR OWN POSTS ON REDDIT and YOUR OWN CUSTOMER REPS constantly tell you they cannot lend those shares if you're not on a margin debit? + +That's all I wanted. Reconciliation - I wanted them to either admit they're rehypothecating my shit to oblivion, or that they make it clear to people they can still lend your shit even if you're not on margin debit. To those not trading naked options, having that explicitly detailed may deter them from trading on margin and just switching to a cash account. + +Well, I finally got a response from Fidelity after some back and forth via secure email, and they've updated their own fidelity subreddit on it. + +Fidelity's update has just been updated and pinned their fidelityinvestments subreddit. I wont link cause I think that will get this post removed. + +&#x200B; + +*" After a review of a customer’s question which focused on how shares could be loaned from a margin account in the absence of an open margin loan, we realized it was important to clarify that a margin loan, although the most common account activity that renders shares available to lend, is not the only account activity that results in Fidelity extending credit to a margin account customer to support the customer’s account activity. "* + +&#x200B; + + + +*"We are updating our securities lending table below to include these two scenarios that we had not identified at the time of the original posting.* + +***Updated Securities Lending Scenarios*** + +*Can Fidelity lend my securities?How much can Fidelity lend?Margin account with a loan/ debit balanceYesUp to 140% of the value of your loan when factoring in uncovered option requirements and/or short position mark to market in the loan calculationMargin account without a margin loanYes, if a net liability incurred due to: 1) Uncovered option positions 2) Short positions with adverse price movement1) N/A if no debit and either no uncovered options or short positions 2) Up to 140% of the value of your loan when factoring in uncovered option requirements and/or short position mark to market into the loan calculationCash account (no margin)NoN/A* + +*A natural next question you may ask is how can I tell if my shares are being lent out? Any extension of credit by Fidelity can result in your shares being available to lend. However, when Fidelity lends shares, Fidelity lends from the overall pool of shares available to lend. These loans are made without designating which specific customer’s shares were lent for a particular loan or have been lent at all. Our account-level records indicate merely which shares were available to lend, but not which specific account’s shares were lent."* +All those shares that were sold short after Apr15th could not vote BUT also have to be bought back! +If voting numbers are not over one bazillion, remember that. Fight the FUD. + +Go vote. + +I need more characters. I don’t have anything else to say really, but since I need more words I want to wish you all well. Stay safe during stressful times, take care of your health. Drink water, there’s not much of it on the moon, so enjoy the Earth variety. + +Mandatory: 🚀🚀🚀 +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! +Last fire survey I read, seemed like most folks had a target amount of 2M, which would throw off 60-80k / yr in income. + +Most of you are making a trade off to fatFIRE later, in order to have more spending power. My question is 'what does that buy you?' + +I mean, there are the obvious things. A bigger house, a nicer car, fancier vacations, private school, etc. I wonder though, it seems very easy to wind up buying more for more's sake, and has diminishing returns on wellbeing . It also feels like at a certain level it starts to isolate you from the middle class, into more 'exclusive' circles that are frankly, less fun to be around (I'm projecting, I admit). +None of my friends are fatFIRE'd. Being the odd one out (got around ~$10m liquid and no desire to work), they're all busy mon-fri with their jobs/responsibilities while I spend my days with nothing to do or people to hang out with. + +I know, this sounds like the epitome of first world problems, but well, it doesn't feel good to sit around doing nothing. I'm a homebody so I don't like traveling (so "no" to doing a bunch of solo traveling). I kinda want to find a consistent group of people who I can hang out with all the time, but where would I go looking for that? +[Shark Tank's Barbara Corcoran Loses Almost $400K in Phishing Scam](https://www.yahoo.com/entertainment/shark-tanks-barbara-corcoran-loses-020939317.html) +Since this has been discussed in the sub before, I figured I'd share: [IRS announces delay for implementation of $600 reporting threshold for third-party payment platforms’ Forms 1099-K | Internal Revenue Service](https://www.irs.gov/newsroom/irs-announces-delay-for-implementation-of-600-reporting-threshold-for-third-party-payment-platforms-forms-1099-k?fbclid=IwAR3vqmtD7B0xRY96zb--JK-rMhggBOzONoKrToucZRMGM1fEkfXUT3ScX9g) + +Indexes are being shorted +ETFs are being shorted +And GME is so dry, you don’t even have to scroll thru level 2 marketing to see large ask prices. + +Edit to add; more banks creating more liquidity. I think it 6 out of 7 of the major American banks(?) + +Edit again: crypto is NOT falling out of the sky, there was a simultaneous drop when I was writing this, I apologize for the confusion. + +Calm down. If you have a share you will make more money than you had before. Enjoy the ride. No matter what, the stock is currently undervalued. No matter what, you’ll make more than you’ve invested. Don’t let the FUD sow division in apes. The price is whatever apes hold til. There is no we. But if all apes hold tight, who knows what could happen, this isn’t called the MOASS for no reason. No one has ever done this before. Even Rensole said he could be 100% wrong. + +Relax, light up, sit back and enjoy the ride. Your life will change if you just sit tight and allow yourself to observe this moment in history. Don’t worry, be happy❤️ +May 26, 2020 at 6:10 a.m. PDT + +[U.S.-listed Chinese technology companies are lining up to sell stock in Hong Kong, seeking refuge from an environment that has become increasingly less hospitable.](https://www.washingtonpost.com/business/hong-kong-finance-has-a-security-blanket/2020/05/25/93de4a3c-9edb-11ea-be06-af5514ee0385_story.html) Nasdaq-traded **JD.com Inc. and NetEase Inc. are planning secondary listings in the city next month, following a trail blazed by Alibaba Group Holding Ltd. in November 2019 with $13B sales.** Optimism that more companies will join them drove shares of Hong Kong’s exchange operator up more than 6% on Monday. + +There’s every reason to expect these stock offerings to do well, and push Hong Kong back up the rankings of the world’s largest fundraising centers. + I have been reading articles about polkadot for the past month and Found [this article](https://www.coindesk.com/tech/2022/06/29/polkadot-chief-gavin-wood-announces-blockchain-governance-upgrade/). Polkadot has upgraded its decision-making process to be more inclusive and decentralized, The new version includes various tweaks to streamline governance processes so that many decisions can be made simultaneously and anyone is able to start a referendum at any time, and they can do this as many times as they wish since there are no explicit limits on the number of referenda which are open to vote on at any time. +Polkadot’s Governance version 2 (Gov2) will remove any preferential “first-class citizens” in terms of governance, and is set to launch on Kusama imminently, following a final professional audit of its code. Once Gov2 is tested on Kusama, a proposal will be made for the Polkadot network to vote on. +Let me know what you guys think about this article! +You invested in a stock with reasonable PE and a good balance sheet. What went wrong? What's the lesson? + +I bought REGN at $580 - and maybe it is a great company but I got scared by upcoming patent expirations and realized that pharmaceuticals are way outside my circle of competency. If you're not certain about a company you can freak out and sell when the price goes down. +You invested in a stock with reasonable PE and a good balance sheet. What went wrong? What's the lesson? + +I bought REGN at $580 - and maybe it is a great company but I got scared by upcoming patent expirations and realized that pharmaceuticals are way outside my circle of competency. If you're not certain about a company you can freak out and sell when the price goes down. +I currently have my 401K on 75% VFINX (Vanguard S&P 500 index fund) and 25% on HACAX (Harbor Capital Appreciation Fund Institutional Class). +Since the stock market is overvalued, should I place my funds on a stable fund? +Thanks +Don’t think this gets talked enough about on this sub but understanding psychology and how one thinks aswell as using mental model to understand businesses in various contexts is probably just as important as the valuation work itself. Many on here probably know of Charlie Mungers talk on psychology of human misjudgement. If not its [here](https://youtu.be/pqzcCfUglws). Its a great talk and everyone who invests should watch it. + +But another thinking improvement source which many probably don’t know of is [Farnam Street](https://fs.blog). Many of the articles are very closely aligned with Buffetts/Mungers thinking. + +Hope this helps out some of you in thinking better about investing! +How does everyone cope with trailing the indexes? + +I’m kind of tired of seeing my accounts lagging. I’m thinking of putting most of my accounts in index funds and investing in a small number of companies I have full conviction in. +So I guess welcome to meme economy or whatever but hear me out. So I was collecting BB stocks for the last 6 months for no other reason but "believing in the company". I was just buying little here and little there when I could. At this time I have around 550 shares with average price of 11.54 and I think I was around breaking even. I was not aiming at selling anything but giving what is going on with the price it got me thinking. I mean I made like 2.5k in few days for no other reason but reddit doing some market bs again. I don't understand any of it so I can't say with any degree of certainty what will happen in the near future. I think it will just fall to $10 soon and maybe I just need to dump the stock while I can. Someone can shed any light on what one would do in my situation? + +&#x200B; + +Update: Sold 48% of the stock at $18.91. Might be a big mistake but whatever. +Buying and selling underlying securities creates the market for IPOs and for compensating insiders. Does selling derivatives add economic value in a similar way, or is it more of a zero-sum game? Commodities derivatives allow companies to hedge prices for predictable margins which is valuable, but does the same need exist to hedge individual securities? +Disclaimer: Not gonna beg for money. I'm fine physically. +However, I just got in a car wreck this morning and now I'm walking into a dealership with an envelope containing $6,000. +That $25-$50/paycheck is worth every penny. + +Edit: +I know I would get a better deal from a private party sale. I just never bought a car from a dealer before so I figured I'd see what it was like. I didn't buy anything. +Instead I bought a 2004 Chevy 2500 diesel to replace the truck I wrecked. I picked this guy up for $4k title in hand just registered it and transferred my plates. Now just waiting on then insurance check to come in to refund my emergency fund. + +The actual research is way, way to long to post here. It's an 8-page document you can find [here](https://drive.google.com/file/d/1rqTxYRG1aWyfh8J6QZg_zL6Z7QIKtXJj/view?usp=sharing). + + + +# Mother of all TA for the Mother of All Squeezes + +# WHY GME WILL SQUEEZE MORE THAN ONCE + +Warning – no rocket emojis or wife’s boyfriend jokes here. The tendies we are about to suckle upon are above jokes. This is serious fucking tendies. Intergalactic fucking tendies. + +&#x200B; + +Just some hardcore TA to confirm your bias. There are charts and math. Sorry. But if you read the charts and can take your pants off to count to .05mm then you’ll find out that the shorters are fucking fucked fuckily. And there’s math to prove it. + +&#x200B; + +If you do read the linked TA/DD (which I know 98% of you won’t) I hope you can use it as a way to get ahead without having to spend the time I did to look all this up and learn it. + +&#x200B; + +I am not in finance and I’m not going to lie and said I spent 40 hours a week reading up on this for months. I’ve just done the homework and took the time to learn how the Wall Street chads talk. + https://www.youtube.com/watch?v=oCIo4MCO-_U + +&#x200B; + +Here is the summary: + +1. There will not be ***a*** GME squeeze. +2. There will be at least two. There could be more. I need some people less retarded than me to check my math on this. +3. Tomorrow I’ll buy GME calls – even deeply OTM. Weeklies could be fine. Go further ou if you don’t want the risk. EDIT: as u/StarSwitch taught me, ATM calls and calls closer to share price will cause MMs to cover it with shares. So calls up and down the call chain are muy bueno and shit. +4. All fucking hell may break loose on Thursday morning. The NYSE reports short position at market close on Wednesday. Some analysts are quietly saying that shorts could be 300-400% of the float now. +5. I’m already in on GME shares (over 1700) but I’ll buy more. (Positions at bottom of post) +6. EVERY SINGLE indicator shows massive upward momentum on GME. +7. GME momentum is going to create a massive upward feedback loop. The combination of options gamma squeeze, available float, and short interest makes it impossible for shorters to escape. +8. Normally, shorters deep underwater could hedge their losses by buying call options. +9. But buying call options decreases the float and the only tightens the squeeze. It’s like fighting against quicksand for the shorters. +10. This GME squeeze is going to be historic because of the compounding effect of options and short interest. +11. This could be bigger than the VW/Porsche infinity squeeze. But it’s completely different from VW – so don’t draw too many comparisons. +12. This squeeze could happen without Papa Cohen action but if Cohen does anything soon then GME is going to uncharted territory somewhere in another universe (forget the moon or some other place in this universe.) + +&#x200B; + +GME Position: + +[Fuck you Melvin](https://preview.redd.it/803jawkihdd61.png?width=1170&format=png&auto=webp&s=64d7edd5da0e7740fb666288b82ea500e82b356c) + + +EDIT: Sorry about the video link. Fixed it. + +Also: The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained herein constitutes a solicitation, recommendation, endorsement, or offer or any third party service provider to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. + + +EDIT 2: Today (25Jan) is proving the thesis in the paper. See you all in the next universe. +Eleven years ago, I was so green trading options. I made every mistake in the book. But the biggest mistake I made was leaving open positions while on a cruise, without having stops in place. There was a tsunami off the coast of Japan. Before I could get in front of a computer, the damage was done. Stocks sank like a rock. It took a while to recoup. +The stigma and punishment for price gouging has led to shortages, and a couple sellers on amazon selling for really high prices. + +If we normalized surge pricing, wouldn't that discourage hoarding and make all this go back to normal much more quickly? + +Or if not, what's a better way to discourage hoarding? + +Could there be a lending library where people give a roll today with a promise to receive two rolls in a week? +A month ago, I noticed a 3k Paypal charge that had just hit my checking account that morning. I called the bank to report this as fraudulent. It was still in a pending status at the time. I went to the branch later that day to close that account. (Seems like the charge was done from stolen account number/routing info.) They stated they couldn't stop the pending charge, and the account would close once the charge was complete. I had them provide me a print out of the account activity over the previous year before leaving. + +Upon reading through my statement, I noticed very small dollar charges that had happened through Paypal 4 months earlier. I decided these were minor and was not going to report. + +After a week went by with no information, I stopped into the Bank to get more information. I was still waiting on forms to sign in the mail. They decided they'd just print out the forms at the branch and just let me sign there. Upon doing so, I mentioned that I had seen a few charges from a few months earlier, that I was not interested in claiming. Instantly the banker urged me to claim them. The banker stated why not get all my money back. After him pushing me to do so, I added those small amounts to my claim. I signed the forms and left the bank. + +A week later I was sent a form stating that the bank decided they were not going to reimburse me for the 3k, because the charge happened over 60 days after the initial dollar charges were discovered on my account. They claim this rule was stated to me on the phone when I first called. (I still refute this). Also, a Bank Representative encouraged me to claim those older funds a mere week later, after not including them in my initial claim. (Shady much?) A week after receiving that letter, I was credited with the amount stolen back to my account. I had shortly there after received a letter stating that the bank had made a mistake when processing a check at the ATM and they are crediting my account for the difference. (the missing $3k) + +So now I have the money, even though they already sent me something stating they would not be able to reimburse me. Also the forms stating their mistakes, were not tied to any claim number, so I thought it was the banks way to reimburse me the money outside the claim. (foolishly thought someone existed there with a good heart??) + +Fast forward 2 weeks, and boom the money is removed from my account. I check my mail, and I received a letter that day posted a week earlier, stating again my charge fell outside the 60 day period so they denied the claim and would reclaim the refund. + +So now I'm pissed and I look into my other options. How could the Bank claim they told me the rule, yet also actively encourage me to claim the older smaller charges, that I had stated I was not interested in claiming. So I decide to call Paypal.... + +.... and I find out that the 3k Charge was stopped and actually **never completed**. Paypal never transferred the money from my account to the thief!!! Yet the money was still successfully withdrawn from my account!! + +So the thief doesn't have my money, Paypal doesn't have my money, or do I. The only party left is the **bank**!! + +My case is currently in appeal, and I have yet to drop that newly discovered bombshell on them.(Waiting on a phone call from their executive claims department). + +Do you think I have a good chance to get my money back? How can the bank legally keep my money that actually never should have left my account!? + + +**Edit 1** - The charge had not happened on my PayPal account. Someone stole my bank information and used it on their PayPal account. Sorry I was unclear in my original post. + +**Edit 2** - Another thing I wanted to clear up from my original post.. For all those saying why not report those smaller charges immediately!.. I did once I saw them! I just was hesitant too, because at the time I was just focused on getting the larger amount back. I didn't discover them until they printed out my yearly statements and I was able to comb through them. (I no longer could online due to account closure.) So I'm sorry to disappoint everyone who is yelling at me for sitting on them for 3 months. Bc that was not in the chain of events! Otherwise, I appreciate the solid advice I am getting here, and hope to have an update soon! + +- +- +**TLDR**: Noticed $3k Fraudlent Pending charge. Notified Bank. Closed Account due to account info stolen. Transferred available funds to new account. Bank claims wont reimburse me due to small $1 fraudulent charges more than 60 days prior to new charge(that I didn't see until after the $3k charge and reported within 24 hours). I end up calling Paypal, and they said the big $3k charge was stopped(not my Paypal account, but thiefs). Money was still withdrawn from bank account though. Bank has my unstolen money instead of me... +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. +This tip is so obvious, but I know so many people who don't follow it, even when they are complaining about being broke. + +When you eat out, order water to drink. I love this tip, because nobody thinks your doing it to be cheap, they think your doing it to be healthy. BONUS: It is a healthier choice. + +Drink water at home too. Prices aren't nearly as bad for a soft drink or glass of wine when you buy for home, but they are still a lot more than water. Invest in a filter of some type. I'm using a brita pitcher until I can install a filtration system. Shoot, depending on where you live you might be totally fine with tap water. + +I started doing this in college when I had to scrape by on minimal hours $100 a week via part time hours, plasma donations, and overage checks and still do it most of the time today (15 years later). Small, but easy habit to build and the savings add up pretty quickly. +Apes, this is going to be an extremely quick post. I'm sorry that it won't include anything super funny or anything too in-depth but this is extremely important and I had to get it out now. + +I am currently constructing a DD and would've put this message in that DD but this was too urgent and too important to wait (I will be posting that DD this weekend). Ok, so as many of you know, GME is currently fucking the shorts. You've probably noticed that my FTD cycle prediction model was correct again (every 35 calendar days or 21ish trading days). Though I fully believe that yesterday's price action was from the FTD cycle, today's price action got me thinking (and erect). Normally, we do not see a huge rise on the day after the FTD cycle day like we did today. So, what I'm thinking it either a. they threw in the towel or got margin called (.1% chance that's the case cuz it would've rocketed up), or b. they are trying to make a little frenzy right now so apes sell before earnings and the annual meeting. IMO they might be trying to get the price up a little so apes either take their money now or so they can do another one of those monster short attacks like we saw in March. + +I believe that they might be doing this because the annual meeting is likely to have a SHIT TON of good news (that nft shit is the first one and they haven't even confirmed it). My next DD talks, in part, about how GME is consolidating to earnings and that if there is a good announcement on earnings, which is likely, the squeeze could start. SO PLEASE REMEMBER, that even though the price is excellent today it could be the result of manipulation to try to get apes out before the real show starts. The dawn of war is upon us, retards. Be prepared for some fucked up shit. As always.... stay motherfucking strong, apes. + +Edit: anyone else think it's hilarious how much financial media is downplaying this? Really? It almost $100 in two days on no news and retail buying alone? I love how they won't even consider manipulation. + +THIS IS NOT FINANCIAL ADVICE, I AM NOT A FINANCIAL ADVISOR, I AM A FUCKING PRIMATE. +Speculation and possible FUD post. Please share your thoughts. + +Let’s say a bad acting large institution wants to de-peg tether. How could they do it? I think we all probably correctly assume Tether doesn’t have enough dollars or cash equivalents backing it. + +Big institution could buy or borrow 10 billion USDT. Sell it. Cause panic selling that turns into a death spiral? Is this possible? + +Let’s say the big institution successfully causes the panic selling. Then BTC falls to from $30k to $10k. Big institution buys 10 billion dollars of BTC (1 million BTC). Then they pump BTC to $100k. Now big institution has a 100 billion dollar BTC portfolio. 10 billion was flushed down the toilet. Another 10 billion invested. They made 80 billion in profit. (If they could even sell 1 million BTC) + +The charts for UST (Terra Luna’s stable coin) and USDT (Tether) are looking eerily similar. + +UST (Terra Luna former stable coin) 7 day market cap (initial drop \~ 22% in 6 hours) + +https://preview.redd.it/jf63cdhu1oz81.png?width=1170&format=png&auto=webp&s=b50005d4c18b89328f2f5172e3b077878e11d737 + +USDT (Tether) 7 day market cap (9% drop in a little over 3 days). Looks like multiple large sells may be staggered here. Institutional de-risking or the start of something nefarious? + +https://preview.redd.it/4eouopxw1oz81.jpg?width=1170&format=pjpg&auto=webp&s=a8efd2e33ca0cd623fafff8d4605868616098d5d + +It doesn’t appear USDT has ever had more than \~ 3% dip in market cap. We are currently triple (9%) that drop. + +https://preview.redd.it/fq4ce92z1oz81.jpg?width=1168&format=pjpg&auto=webp&s=924ef56992e0735b0a2492ce155ebd08dbe7d7a3 + +The price of USDT is also looking shakier than it has in the last year. You can see it still hasn't quite recovered to its normal level. + +1 year Tether price + +https://preview.redd.it/m6j7a9n12oz81.jpg?width=1170&format=pjpg&auto=webp&s=24db42d680cac49b7cfe7a87e5838c6f4161a533 + +30 day Tether price + +https://preview.redd.it/pkrq41r22oz81.jpg?width=1170&format=pjpg&auto=webp&s=23032aeb2846693e0ce982c6f3685d9f63277af2 + +Is this cause for real concern or just a blip? Is the same thing that happened to UST happening slowly to USDT? + +I’m just a regular moron so please poke holes in this because I can’t get it out of my head. + +Also if you haven’t seen this yet, watch it - Coffeezilla’s video \[Exposing Tether - Bitcoin's Biggest Secret\]([https://m.youtube.com/watch?v=-whuXHSL1Pg&feature=youtu.be](https://m.youtube.com/watch?v=-whuXHSL1Pg&feature=youtu.be)) +Edit I linked wrong chart at first: https://fred.stlouisfed.org/series/CIVPART + + +We are at 1970s levels of participation right now. I would think this would be more correlated to money supply if QE actually did it’s job of providing jobs. +How do FI people go about discussing this with partners? Do people look for partners who approach money in a similar way? Is anyone here dating/married to someone who is not responsible with money? + +I’m 26, net worth 270k, 115k salary with OT potential. My gf, on the other hand, is 24 and just graduated college after a long road. She is 110k in student loan debt with no real job prospects, and it drives my anxiety through the roof. It’s depressing to think that I might not want to continue a relationship over money, but it’s more than that… it’s comfort, security, and the feeling that I am not so dependent on work. I’m not sure how I should feel; I know I’ll be ok, and I know these discussions should be had with my SO, but how hard will it be to achieve FI as a couple with one person who does not take finances as seriously? +Title of the post pretty much sums up my question. + +&#x200B; + +Closing on my first rental Tuesday in Wisconsin. I'm super excited and feel like I have a good grasp on deal finding, strategizing, and calculating the financial costs. However, taxes and bookkeeping are a little unknown to me. My property management company composes a 1099-K for income statements each year - they also will invoice expenses through the owner portal when its an expense they incur. Is that simply it? Bring that to a tax professional and let them do their magic? + +&#x200B; + +What are you doing/using to track finances for yourself & what tax benefits are you utilizing to your advantage on your rentals? + +&#x200B; + +Thanks in advance! +Hi all! Per the conversation that was had the other day, I thought I'd come by and share both my experience as an EA and some wisdom on why we are a smart (if pricey) investment! + +A bit about me: I've been an EA for about 10 years now, ever since graduating college. I've also had Director-level titles and stints in charge of operations and program management, but Executive Assisting is my true passion - calling, if you will. My situation is a little different than your average EA, simply because I am hoping to fatFIRE in the future due to being extraordinarily lucky in the family I was adopted into. I graduated from a science policy based program at a top tier university, and while I originally thought being an assistant would be a stepping stone, I quickly realized that not only was I good at it, it could be a fantastic career all its own! At this point I'm working in the tech industry (software specifically), am the EA to the CEO, and earn $100k annually, on top of fabulous benefits and bonus potential. + +Trust me, I earn every penny of that. + +Things I handle for my boss include, but are not limited to - + +* All domestic and international travel, to include flights, hotels, car services, etc. Depending on the trip, I also arrange all meetings and make reservations at appropriate restaurants. I've even gone so far as to arrange to have room service delivered to his room prior to his arrival if he/she is going to get there after the kitchen closes. +* Schedule and calendar management - I'm the gatekeeper. Very little goes on my exec's calendar without me knowing about it or putting it there myself. This includes my execs! In most of my jobs I've been treated like a member of the Senior Leadership Team - the more I know the better able I am to prioritize what my exec is working on that day. I keep track of short and long term goals, "big picture" items, and then day to day priorities and accept/reject meetings because of that. +* Drafting memos, board slides, speeches, and emails. One of the first things I do when I'm working with a new executive is to go through their emails and read as much as I possibly can. This gives me two advantages: I start to learn the company on an intimate level, and I start to learn my bosses "language". I'm a chameleon who has to learn how to write in a way that it sounds like my boss, not me. This allows me to then manage the exec's inbox - triaging what's important, flagging what they need to put eyes on, and drafting responses as necessary. I also collect, draft, and/or provide all materials necessary for each meeting, ensuring they are prepared and confident ahead of time. +* Trusted confidant, idea sounding board. I am 100% loyal to my exec, and often refer to myself as "Switzerland" within the organization as a whole. Even if I feel like the company is going in a direction I don't agree with, or if decisions were made that I raise my eyebrow at, I ONLY ever raise these concerns with my exec. Then, regardless of the outcome, I stand by my bosses decision 110%. I am constantly exposed to highly confidential information, discretion is king. + +Above all else, my goal is to ensure that my executive is functioning at their absolute highest capacity. No one mired in administrative work and day to day fluff is able to do that. That's where I step in. I'm my exec's partner, confidant, sounding board, lunch valet, coffee getter, concierge, and sometimes punching bag all in one. If I travel with my exec, I carry with me at all times things that I know they need/might want during the course of the day at the conference or in their meetings. I'm one step ahead of them at all times laying out the red carpet and paving the way for them to smoothly go from one thing to the next without worrying about whether they'll find time to eat or if the dog walker has been by that day. My job description is 90% "other duties as assigned." + +In short, I'm the Machiavelli to your Prince. I'm the backbone that keeps it all together. I'm what they call a "Best In Class" EA and I'm here to answer any and all of your questions! +I've been learning about trading for 3-4 years now, and i've been noticing some 'phases' i'm going through in cycles. +-1st phase:some weeks/months i'm addicted about it and can't get enough about education, trading (feels like a drug) +-2nd phase:some weeks/months it's just a normal phase few hours a day, feels like a job +-3th phase:some weeks/months (mostly a week or 2)i just don't feel like doing anything not opening a chart.. + +Anyone else having these phases? +Now before you all call me stupid I'm fully aware that this might be a daft idea which is why I'm asking here. I'm inheriting about £100k at some point down the line. Over the past week I've watched a few hours of videos and introductions to Forex, and it seems that with an amount like mine there's potential to make a serious income. I'm not just gonna dive in head first and gamble it all away because I am completely inexperienced with this and I know how easy it would be to lose it all, so I'm asking for advice. If I dedicate myself do you think it'd be worthwhile to start Forex(ing)?, or would it just be a better and much safer way to keep this in say an ISA? + +If Forex is the way, does anyone have any general advice? Thanks:) +I love the fact the apes are going hard on the DRS train. This ride has been long and hard to swallow at times. I was the longtime lurker but eventually got a wrinkle and a buzz one night and decided to contribute to SuperStonk. Now this truly seems like a part of my life and I have extended family. I have recruited some friends and family to board the hype train until the rockets are ready to make moon trips. One thing I can say is the sub taught me and many others to be ZEN. Today I would like to thank all the wrinkles for sharing knowledge. We are better as a whole now and forever. Personally im done with stocks after this ride. +The corruption is unprecedented and the world deserves better. I hope with big dong Dave it will be possible. Much love. Power to the players🚀 +In RC we trust + +Edit abbreviated SuperStonk +Hi guys, my uncle is a self taught investment pro who spends lots of time on serious investing websites like Hot Copper and news.com.au. + +He just told me about this company called Emerge Gaming. + +They are involved in computer games or some shit, i don't know. They apparently have 889 million paying signed customers. + +The share price has unfairly taken a dip today, but he reckons it will certainly be $20.00 by a Christmas at some point in the future. + +He said i should buy the shares ASAP today in case they all run out in the rush before Christmas. Which makes sense coz my local Bunnings sold out of Christmas lights on Sunday, so i really don't want to miss this too. + +Games are the future, people like games, and it's kind of tech - so that's good, right? + +I figure i don't even need to tell my wife that I'm secretly betting the house on it because its such a sure thing. + +Get involved guys. + +Also; 🚀🚀🚀🚀 + +/s + +Edit: Based on a couple of DM's i just recieved from concerned people (thank you), i apparently need to add /s to the post. + Hi everyone, + +Uranium sector is in a growing global primary supply deficit while western secondary uranium supply from underfeeding in the enrichment has completely disappeared the last couple months! + +Here are a couple short term (12 months) price targets (source John Quakes99 on twitter): + +&#x200B; + +[source: John Quakes99 on twitter](https://preview.redd.it/6z46otio48191.png?width=679&format=png&auto=webp&s=66d12e24360b1a9a8d6861168bb9d432ff4676cc) + +the complete report: [https://www.morganstanley.com/im/publication/insights/articles/article\_thenuclearrevivalembracingacleanreliablesafesourceofenergy\_us.pdf](https://www.morganstanley.com/im/publication/insights/articles/article_thenuclearrevivalembracingacleanreliablesafesourceofenergy_us.pdf) + +&#x200B; + +[source: John Quakes99 on twitter](https://preview.redd.it/e9h99byp48191.png?width=815&format=png&auto=webp&s=e14a32200c4c04f49b72a4755cde51f481c06b82) + +[source: John Quakes99 on twitter](https://preview.redd.it/4f8idyqs48191.png?width=604&format=png&auto=webp&s=2bc569c0de7e7bd5cf5fbb6e3d6b363c73d75c8e) + +[source: John Quakes99 on twitter](https://preview.redd.it/yxrl4z6u48191.png?width=626&format=png&auto=webp&s=4fc6ebcdaf43adb4ee64bad6f5e1bdc8351bb422) + +[source: John Quakes99 on twitter](https://preview.redd.it/gfjte2xw48191.png?width=568&format=png&auto=webp&s=1fab07918249be748e89c092e67f159c5a60cd03) + +[source: John Quakes99 on twitter](https://preview.redd.it/ivh510bz48191.png?width=805&format=png&auto=webp&s=ef6449841ab9188ab8b87d8bd759568c5ea001f5) + +[source: John Quakes99 on twitter](https://preview.redd.it/l2isgmy158191.png?width=1016&format=png&auto=webp&s=56f865370110b35e6b04893e2bbf53c3ff3ffc5a) + +[source: John Quakes99 on twitter](https://preview.redd.it/uxwgzkj358191.png?width=811&format=png&auto=webp&s=872e5db20935c21ebda117a8e0a26d69dba530a1) + +[source: John Quakes99 on twitter](https://preview.redd.it/k2a6x7n558191.png?width=682&format=png&auto=webp&s=f83c6418de54f569f0ebfeca8a063acf5a0130de) + +Note: Global Atomic doesn't need an additional capital raise!! + +They will finance their project with: + +\- periodical management fees from the producing Zinc JV + +\- dividends starting early 2023 from the producing Zinc JV + +\- warrant in the money at the moment + +\- revenu from a future collaboration with Orano mill in Niger (start end 2023) + +\- loans with a bank consortium + +Cheers +Periodically I will see a competition listed for quants to develop and submit original strategies in an open competition, and typically, the reward offer is something like 10% of the profit generated from the strategy after a large institution has put it into production. Like this one: [https://www.businesswire.com/news/home/20180829005809/en/CloudQuant-Announces-Record-Year-Growth-new-Licensing](https://www.businesswire.com/news/home/20180829005809/en/CloudQuant-Announces-Record-Year-Growth-new-Licensing) + +I'm having trouble seeing why someone would take this offer, it just doesn't seem like enough incentive, versus just running the strategy quietly by myself. + +I realize that being under-capitalized is often an issue for traders, and that a 10% cut could be a really handsome profit in a short amount of time, but wouldn't it make more sense to shop the results around with some friends and family so I could dictate my own cut and get a better deal for myself? Or is the issue that most quants don't have the technical chops to harden and deploy the strategy to a live account? + +Also, I just don't see why a solo-quant would want to compete directly – and then share – with a big team of full-timers with a ton of collaboration and the best tools available. +A bit of background about myself. I'm a 27M, software engineer in a LCOL major city. The following is for reference but not the point of this post: + + NET WORTH: ~$255k + Cash: $30k + 401k (mostly Roth): $76k + Roth IRA: $57k + Brokerage: $50k + Crypto: $31k + HSA: $12k + + COMPENSATION: ~$140k/yr + Salary: $106k + Bonus: $10-12k + Company match: $8.5k + Side hustles: $10k-30k + + INVESTING: ~$45k/yr (Invested mostly in index funds) + Roth 401k: $26.5k/yr (max + backdoor) + Trad 401k: $8.5k/yr (company match) + Roth IRA: $6k/yr + HSA: $3.6k/yr + Brokerage/Crypto: Anything leftover + + DEBT: $0 + + EXPENSES: ~$42k/yr + Monthly expenses (bills/necessities): $1k-1.5k/mo + Monthly expenses (fun): $1.5k-2k/mo + +Here is my salary journey that I'll explain below: + + 2018: Graduated (bachelor's in computer science) + 2019: $70k TC + 2020: $100k TC (new job) + 2021: $105k TC + 2022: $128k TC (promotion) + +In 2019 a few months after graduating college I was pretty crappy at interviewing and ended up signing with a contracting company (but a salaried position) via a family friend for less than I could have been paid. This was at the time not a terribly great decision but later ended up becoming a blessing. My first assigned project (contracting into a fortune 100 company via this small contracting company) ended up being quite a high exposure project within this fortune 100 company. My "fortune 100" boss was actually a chief at the company and should usually have about 5 layers of management between himself and software engineers but chose to be hands on and working directly with contractor engineers. The working world took me by surprise being much more difficult than I had thought it would be in college. I adapted and worked very hard my first year. 11 months in I was approached by another department at this fortune 100 company saying they saw the work I was capable of and could really use me on their team. I did not have to interview and only had an HR screening call that asked what salary I was expecting. I used the "I expect to be paid market rate for embedded software engineers with my experience." I wasn't even a particularly talented embedded software engineer, but knew they were a higher paid division within the field. The next day I was presented with an offer that had $100k TC. I was absolutely shocked at how much they offered me with less than 1 year experience in a LCOL area, but put on a front and still told them that was a bit lower than I was expecting via call. The HR rep immediately told me they cannot budge a penny on this offer with my amount of experience. I asked if they would consider adding a signing bonus to which she replied she would ask and get back to me. They let me hang a full day until I got cold feet and realized I had no more bargaining power here and I wasn't going to let a possible few thousand dollar sign on bonus destroy a 40% raise. I accepted the offer that night. + +It has been almost 2 years to the day since I was hired in. I have worked very hard, but not necessarily extra hours, to learn as much as I possibly could. Almost every person on my team has changed during this 2 year period to me now being the 2nd longest tenured engineer on the team. I've wedged my way into a strong niche where I am a key piece of this team. I'm the only software engineer on my team, so I write ALL of our software needs from scratch. I haven't had any mentors or senior software engineers teaching me, I've been self learning as I go. Through learning and trial and error I've been able to fulfill every request that has ever been asked. I love the work I do and often requires less than 40 hours of work per week. I've been fully remote since my first day as well which I love. + +Last month I got my yearly 3% raise and bonus. A few weeks ago I was notified by my boss that I was given a special title that was not a promotion but basically increased the salary band for my position meaning any future raises and bonuses and promotions would bring more money but not affect me right now. This morning to my complete surprise I was pulled into a 1 on 1 meeting with my boss. I was presented with a real promotion (under the new "special title") that raised my TC by more than $20,000. I am absolutely shocked and didn't expect a promotion for over another year. When I'd asked my boss recently he said to expect a $3-5k salary increase on my eventual promotion. + +Over the past 7 years I've also been avid at finding and profiting via side hustles. I've posted in the past about a social media marketing company I started at the age of 21 and scaled to $400,000 a year within 2 years. It is too long of a story to include in this post, but essentially it was a volatile business and I heavily reinvested the entire period until it miraculously dissolved leaving me with $60,000 total banked when it was all said and done. Since then, I've found more automated side hustles that generate anywhere from $10k-30k per year. I generally don't even think of it or bank on it in terms of yearly compensation but I did include it in the numbers above. This extra money usually goes toward a new gaming pc, fun, or to a brokerage/crypto. I can't share too much about these side hustles because they are so obvious that if I give any hints they'll be exposed. Essentially I write code that automates income in various legal ways. + +Today I'm sitting around a $255,000 net worth at 27 in a LCOL area. I understand I am doing well but don't really feel like it often times. Especially seeing others in my field pulling in my net worth or more in a single year in a HCOL area. My ultimate goal is to retire by 40 with $1.5-2m. I'm not quite on track for that yet but I'm really trying my hardest. + +I'm just a mediocre guy. I've never had a crazy work ethic and often feel that luck has played a large role in where I am today. Has anyone had a journey similar to this? Do you think my FIRE timeline and dollar goal is realistic? +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. 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[You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +I am holding and I am buying. They’ve had the weekend to decide what they’re going to do. If I was in their shoes, allowing a game squeeze to 1000 and knocking the price down because they think people will sell is not a bad move for them to make. + +Think about the hype of this subreddit, 1k is not a meme is the mindset of most people still. we are sitting at 320 AH, and the germans are going to have to do some work to get us higher in the pre market tomorrow. The goal is to close green EVERY SINGLE DAY THIS WEEK. It’s the way that GME gets squeezed. A realistic way is if we maintain hype. Billboards, planes flying fuck you robinhood. Remember that we are not actually organized. And tomorrow is the start of what I think is the most crucial day for GME. The swings will be wild, a lot of people have transitioned to fidelity and more and more are coming. We need the eurobros to hold for us. They will tire us, they will start to seed doubt into your mind. Do not let them. Hold strong, hold steady, the squeeze has not happened yet. + +Diamond. Fucking. Hands. + +EDIT: REMEMBER TO TURN OFF THE DELAY FOR FIDELITY. + +EDIT 2: i’m also not giving financial advice. + +EDIT 3: BEWARE THE BOTS AND THE ACCOUNTS PLANTING DOUBT. + +EDIT 4: To answer some questions -> Fidelity is an app that is currently unrestricted. Buy game at your own discretion, I firmly believe that shorts haven’t covered, and that the massive amounts of bots and MM is proof that they’re getting more worried by the day. We are winning. We have won small battles, big battles, overcame walls, and so long as everyone here does their fucking job, this WILL succeed. I believe in all of you. +I own a 4 unit apartment building, the top floor unit has been flushing towels, plastic, etc down the toilet, which has now resulted in a clog. Their only shower and toilet are now inoperable. + +I attempted to remedy the solution myself, but quickly found it to be much worse than I thought. The clog is specific to that unit, as none of the other units are having issues. + +I hired a plumber to come to fix the situation, but the tenants were incredibly rude to the plumbers, so they will not be coming back, every other plumber is our area (Bemidji, MN) is booked out several days to weeks, but I am not sure I want to hire them regardless as the first plumbers are very upset with me. + +The tenants were incredibly rude/aggressive to me, then stopped communicating with me. I then gave them notice via text and physical posting that they have 30 days to move (month to month lease). Also no response at this point. + + +My question is, do I need to make further efforts to unclog their drain as the apartment is now essentially uninhabitable, or am I okay if they are not communicating with me and are preventing the repairs. +# Introduction: + +Good morning/evening everyone. The poll is about to close out so I'll be doing the other stock reviews here soon based on the results, but anyways, Intel was one of the stocks requested in the comments by [hhh888hhhh](https://www.reddit.com/user/hhh888hhhh/), so let's take a look. + +Let's start by taking a look at the business model. + +# INTC - Intel Corp: + +It is one of the the world's largest and highest-valued semiconductor chip producers. Intel supplies microprocessors for computer system manufacturers, produces motherboard chipsets, network interface controllers, integrated circuits, flash memory, graphics chips, embedded processors and other devices related to communications and computing. + +Intel breaks itself down into the following segments: + +>**- Client Computing Group** – produces hardware used in desktop and notebook computers +> +>\- **Data Center Group** – produces hardware used in server, network, and storage platforms +> +>**- Internet of Things Group** – offers platforms designed for retail, transportation, industrial, buildings and home use +> +>\- **Non-Volatile Memory Solutions Group** – manufactures NAND flash memory and 3D XPoint, branded as Optane, products primarily used in solid-state drives. +> +>\- **Intel Security Group** – produces software, particularly security, and antivirus software. +> +>**- Programmable Solutions Group** – manufactures programmable semiconductors. +> +>The YoY growth of these segments can be found [here.](https://www.intc.com/segments) + +**Strengths:** + +>\- Intel’s core business has broad exposure to growing market segments, particularly: cloud, data, artificial intelligence and the Internet of Things. +> +>\- The company is successfully migrating from a PC-centric business to a data-centric business +> +>\- Intel stock is very cheap right now (P/E 8.9 November 2020), this could potentially lower the risk profile and boost rewards potential. +> +>\- They have been very strategic with their previous acquisitions. +> +>\- As we will see when we look at the financials, their books up to the start of 2020 are solid. + +**Risks:** + +>\- INTC is immersed in a semiconductor market that, while having stronger long-term growth potential, is highly cyclical. Big up years are followed by big down years. This is just the result of supply/demand cycles in the market. +> +>\- Intel is gradually losing market share to Advanced Micro Devices (NASDAQ:AMD), NVIDIA (NASDAQ: NVDA), and other competitors. (NOTE: AMD & NVIDIA will not be discussed here, this post is for INTC)\*\*\* +> +>\- Litigations. This is common for corporations this size. For intel it is mostly antitrust lawsuits. + +\*\*\*Interesting note about AMD in the next section. + +# Financial History: + +Something that was really interesting is, after going through a bit of Intel's 10K I got curious and checked out AMD as well. Right in the very beginning AMD has this as their disclaimer: + +>***Intel Corporation’s dominance of the microprocessor market and its aggressive business practices may limit our ability to compete effectively.*** +> +>Intel Corporation has been the market share leader for microprocessors for many years. Intel’s market share, margins and significant financial resources enable it to market its products aggressively, to target our customers and our channel partners with special incentives and to influence customers who do business with us. These aggressive activities have in the past and are likely in the future to result in lower unit sales and a lower average selling price for many of our products and adversely affect our margins and profitability. + +That really says a lot about the stength Intel Corp has in this market. Incase anyone is curious, [here is the source.](https://www.sec.gov/Archives/edgar/data/2488/000000248817000043/amd-12312016x10k.htm#sC2A00DC72E841F4EC97A655066A6893F) Risk Factors, page 13. + +Anyways let's look into the financials over the last 10 years. + +|Year|Revenue|EBITDA|Debt|Debt / Earning| +|:-|:-|:-|:-|:-| +|2011|$53,999|$23,571|$10,800|0.5| +|2013|$52,708|$20,323|$16,418|0.8| +|2015|$55,355|$22,713|$25,511|1.05| +|2017|$62,761|$26,179|$34,673|1.3| +|2019|$71,965|$32,861|$33,285|1.0| + +The revenue has increased an average of 3% YoY, the earnings has increase right along side this. Best has increased gradually, nearly x3 over the 10 years, but it is still only 1x the earnings. Very healthy, especially when we jump into this next section and talk about the cash flow. + +|Year|Cash Flow from Operations|Capital Expenditures|FCF/E Ratio| +|:-|:-|:-|:-| +|2011|20,960|10,764|15,370| +|2015|19,020|7,326|21,168| +|2019|33,145|16,213|17,697| + +Cash flow from operations has increased about 5% YoY over the decade, their CAPEX has increased by an average of 5% as well. $33 Billion in cash flow is pretty crazy, especially considering they still have half of that left over after Capital Expenditures. They have been using the excess cash flow to pay down some debt (\~750 Million in 2019), dividend out, and buy back shares. Over the decade the outstanding shares have decreased by 2% YoY from 5,256 to 4,417. + +What is crazy is that Intel is trading at about an 8x multiplier. Their P/E puts them in a nice range for this to be a very strong value play as well, especially considering they are already well established in a sector that is growing rapidly. + +# What are their plans for the future? + +Intel's intentions are to establish a lead in key technologies that are fundamentally changing computing and communications today and for tomorrow. + +Their priority areas for continued growth: + +* Cloud Services +* IoT (Internet of Things) +* Artificial Intelligence + * Intel is acquiring SigOpt to Scale AI Productivity (October 2020) +* 5G +* Intelligent Edge +* Autonomous Driving Technology + +How they intend to deploy their capital: + +* Investing into R&D to strengthen their competitive position. +* Strategically invest/acquire companies to stimulate data-centric growth. +* Return cash to shareholders through dividends and stock buybacks. + +# Current Dividend History: + +Intel Corp has only had 6 years of Continuous Dividend Growth at this time. + +NOTE: Current for November 2020 and very likely to change. + +|Current Annual Payout / Share|$1.32| +|:-|:-| +|Yield|2.81% (Based on $47.01 Price Nov 2020)| +|10 Yr Div Growth Rate|\-| +|3 Yr Div Growth Rate|7%| +|1 Yr Div Growth Rate|6.6%| +|Current EPS Payout Ratio|24.26%| + +From a dividend growth standpoint, the payout is very low, however their growth is extremely promising given the low payout of only 24.26%, and the fact that this company produces gobs of free cash flow. + +Let's project what the Annual Dividend Payout could be using a 7% constant growth rate. (NOTE: Just an estimate, not a guarantee of what could happen) + +|Year|2021|2022|2023|2024|2025| +|:-|:-|:-|:-|:-|:-| +|Payout|$1.41|$1.51|$1.61|$1.73|$1.85| + +# Closing Thoughts: + +At its current price, with the strong financials, and overall excellent business growth prospects, this stock would best be considered a really strong value play. The dividend is there and there is very strong potential for growth, however the payout is still a bit low. Now for a very long term hold, this could be an excellent entrance price, especially if they were to start increasing the dividend growth rate as they increased their cash flow. + +I hope everyone found this post interesting, please supplement this with your own research. There are always more risks that need to be considered, additionally it is always smart to **read opposing views, don't just read what will validate what you want to believe about a stock.** + +The poll ([It can be found here](https://www.reddit.com/r/dividends/comments/jxs9uy/which_of_the_following_would_you_like_to_see_a/?utm_source=share&utm_medium=web2x&context=3)) will be closing out soon, so the 2nd place and last place will have their reviews written as time allows. There were some requesting a review for Realty Income (O), it will be done likely after the other 2 or whenever, evaluating REITs is a bit of a different process due to their required 90% payouts. + +As always, thanks for reading, and have a good day/night! +hey everyone, posting this on behalf of a friend as he doesn't know what do and neither do i. my friend received one of those scam text messages that says something like "e-tag: our system detected that you still have a trip marked as payment unsuccessful. pay now to avoid fees" or something similar. he fell for the scam and clicked the link and paid some small amount of money. the next day he woke up to realise that his bank account had been drained of $2500 even though he paid the scam using only his debit card (the $2500 was in a different account). he disputed the transaction with commbank and gave a detailed explanation. commbank denied the dispute a few weeks later, citing "the transactions disputed have been completed via a trusted digital wallet registered to your device". how do we dispute the decision? what does he do now? +I genuinely wonder this. Before everyone thinks ok boomer or that I'm some value investor dumping my entire net worth into BABA I'm not. I'm asking on a theoretical level. + +In the past, valuations and fundamentals have mattered because the big institutions and the average retail investor thought they mattered. Even algos, which on some level were active at the onset of the 80's were programmed and directed to sell off stock when the valuation became too absurd. + +But when I look at the Rivians and Nikolas of the world I start to think maybe they're just a symptom of the larger mentality of the market, including institutions, including the algos that are programmed by humans that have normal human biases. + +Theoretically, if the larger consensus of the market.. from institutions to retail to the programmers making algos, was that only future potential growth mattered and nothing else, wouldn't that theoretically mean that only growth and hype stocks would have growth and interest forever? + +I mean on a purely theoretical level, if we reached a point where it was a consensus by the vast majority of investors from all levels and backgrounds was that speculation and growth wins the day, wouldn't the market reflect that? + +What I mean to say is the market can be a reflection of the risk appetite of the broad spectrum of humans investing and trading in it, and if that were to slowly shift would it be possible that value stocks or old blue chips are largely forgotten forever, or have a bad return versus hype/speculation/growth moving forward? + +If no one is a Warren Buffett anymore, why would Warren Buffett-esque stocks have any market beating returns? No one would invest in them (on a level compared to hype/speculation stocks). They'd just theoretically sit there at low valuations forever paying out dividends and what not, with their only real growth being from stock buy backs. + +Just a musing I had. +I just started investing in ETF in Feb 21. 35% VOO, 20% VXUS, 15% each ARKK ICLN NERD. +So far my performance was a disappointing -10%... is it just bad timing? bad year for investments in general? wrong ETF selection? any suggestion for a beginner? thanks!! +I’m curious, I wanna hear stories from usually sensible or conservative people who took a financial risk and how it went down. +I’m hoping there are some positive stories out there and this isn’t just going to be a depressing thread. + +What was it? + +Did it pay off? + +Would you do it again? + + +I’ll go first. +Myself, husband and another couple had a great idea to start a business together, the business never took off, friendship fell apart and I lost $20k. + +In hindsight I’m glad we bailed out when we did, because we could have just kept sinking money into this thing that might have succeeded until covid came along and destroyed the business anyway. But I miss my friends. + + +I want to emphasise that I’m hoping for usually conservative and sensible people to comment. + +Edit: formatting +Long term annualized return for SP500 with dividend reinvested from 1957 to 2019 is 10% before adjusting inflation and 6.3% after adjusting inflation. It can be 99% passive. + +For rental property investing, you need to do a lot of work, buy a good deal, have good tenants, responsible for maintenance and repair. For all this work the annualized return should be well above 10% for it to make sense. + +How much yearly return would you consider "good" for your rental property? +Per them, the 'Money in Excel' feature would help users import information from their accounts into the spreadsheet. It has been launched in the US as of now. It uses the Plaid plugin to connect to accounts. (Yes it would mean sharing login information in the template.) + +More info at: [https://www.livemint.com/technology/tech-news/microsoft-excel-s-new-feature-will-help-users-manage-their-finances-11592291632501.html](https://www.livemint.com/technology/tech-news/microsoft-excel-s-new-feature-will-help-users-manage-their-finances-11592291632501.html) +I know that – as supportive as this community is – we all love a bit of loss porn. Who knows, I might even feel better after I tell you about my holiday last week. + +I recently left the relative comfort of ThetaGang and its strategy-based approach to trading (you know the one – SELL options to degenerates) for a holiday in the sunshine over at WallStreetBets. I wouldn't usually vacation at such a brash destination but tickets were dirt cheap and for a journey to the moon, I couldn't say no! + +The brochure sure was so convincing. They explained all about the latest attraction – a ride called THE SHORT SQUEEZE – which sounded like a helluva thing. Especially for someone like me who loves rides. + +And the food? Well, there were all these massive green numbers that looked so tasty and ripe. I could see myself there, amongst all the happy people coming off the ride, chowing on all these juicy green numbers. Ahhh I'd be in heaven! + +But there was a small catch; I needed to get on the rocket pronto because tickets were selling out fast and it was about to lift off. There was no time to think! I threw caution to the wind and grabbed a few tickets for a total of about $4000 (a bargain for a trip to the moon!) and off we went. + +The next few days were... disappointing. + +At first, the rocket was doing well. I doubled my money. I felt great and really thought about getting off. But all the other passengers kept saying that we weren't even close yet. They sounded knowledgable and well-travelled. So I clung on. + +As we hit the peak, at around $400 (or something, I can't remember. It's all a blur) I put my earplugs in to drown out the sound of baying passengers and mooted to the flight attendant (a nice young chap called Trading 212) that we should have arrived by now and that I should like to get off with my luggage. He ignored me. It was like he couldn't hear. Or wasn't listening. Maybe he just didn't give a damn. + +Something felt strange and I started to panic. Shit. This ain't right. I hit the ejector button but nothing happened. I hit it again and again. NOTHING. + +By this point, other passengers on the WBS rocket were starting to panic. They were all moaning to one another about the same thing: their flight attendants (Robin Hood and his flight attendant friends) wouldn't stop the rocket or let them get off. It was genuinely confusing. We'd paid, hadn't we? Was our money no good here? Or was it too good here? Either way. It was clear that our money was not ours any more. + +And of course, the really troubling thing was that at the same time everyone was panicking, they were shouting, no, screaming at one another to hold on. "Stay on the rocket!!!" they were screaming at one another "this is the greatest journey in the history of journeys!!", "we'll never be able to go on this journey again!". "I LIKE THE STOCK", grimaced one teenager, glancing up from his phone with a look of sheer terror as it pinged with a WhatsApp notification from his granny that simply said, "your gramps would be proud that you're spending this inheritance on a trip around the world. Lots of love. Granny." + +But as they shouted I could see them fruitlessly smashing their fists into their ejector seat buttons too. It was fucking carnage. + +After days (I shit you not... DAYS) of this terrifying, head-bangingly anxious, stratospherically expensive journey, I finally managed to escape and leave the cauldron of misery behind. + +The cost? I'd wasted about 70% of my original stake. Not to mention the 100% gains I watched evaporate as I sat in that rocket. + +So. I say this. + +Never. Fucking. Ever. Again. + +TLDR: + +Cheap tickets to the moon? + +Never. Fucking. Ever. Again. +Hello. Investing noob here. So, If I am planning to purchase a house within the next 5 years, is it wise to invest in Index Funds (e.g. VTI + VXUS)? + +If not, do you have any recommendations on where to put my savings? I am wary of the possibility of large inflation rates within the coming years, as well as low interest rates for HYSAs. + +Appreciate your advice in advance. + +Edit: Thank you everyone for your replies. +Hello all. First off, thank you so much for your time. TLDR at the bottom. Secondly, I (28F) am probably in the worst financial shape I've ever been in. I'll try to keep it short and concise. I work in healthcare and *just* got a second job. I'm also in nursing school Monday-Friday, which cuts my hours *significantly*. My fiance (we're not married yet) also has two jobs, one he just started as well. Neither of us make a lot and combined we have roughly $3K a month, maybe a little less. We are *so* behind. + +We're able to make rent, and pay our electric bill (our only utility) but that's about it. I have $6K in credit card debt that I am 45 days late on a $500 payment. I took out a consolidation loan a while back (for other credit cards) and I'm past due on *that* payment. Past due on old car tags. I need new tail lights for my vehicle. New tires soon. Books for school. Scrubs and a stethoscope. We have *nothing* in savings (we both just started our second jobs and are working on it). Absolutely nothing. Not a dime. It seems like everytime we get ahead some payment goes through. Loan, phone, car insurance, car payment, credit card (his), this, that, the other, again and again....I can't get ahead while working *and* in school. My fiance is breaking his back in manual labor and we ARE working, we're just not smart with our money obviously and there's only so many hours I'm allowed to pick up with school. + +TL; DR: Personally I tie money to morality and my character as a person so I avoid looking at or dealing with it because being "bad with money" obviously means you're a *garbage* person. My big question is: We are *buried* in payments and it's taking all the money we accrue. Should I take out *another* consolidation loan and pay them all off? My credit score is in the upper 600s despite what's going on and my fiance is also in good standing. We were doing pretty good and I guess things just got away from us, plus I had to abruptly cut hours. All this has piled up *recently* and *so quickly*. I can pay off my credit card (and promptly CUT IT) and pay off some other debts....what's the smart move when you have nothing? + +Side Note: We have canceled almost *all* of our subscriptions, ones I had even forgotten I had. I do not get my nails done, hair done, go shopping. We don't go anywhere. We don't have kids, but we do own three rabbits. The only time I go "out" to eat is just quick fast food (but I understand that adds up). I want to be smart about this but I'm also panicking. Thank you so, so much. I know this was a book. +>It has been a [messy week for the stock market](https://www.cnn.com/2020/10/28/business/dow-stock-market-today/index.html). With only [four days to go until Election Day](https://www.cnn.com/2020/10/30/politics/what-matters-october-29/index.html), rising [Covid-19 infections](https://www.cnn.com/world/live-news/coronavirus-pandemic-10-30-20-intl/index.html) and uncertainty about further government stimulus to help the economy, there's plenty for investors to worry about. +> +>Stocks had their worst week since March, when the market tumbled under the first wave of coronavirus infections and lockdowns -- and one of their worst weeks of the year as a whole.All three major indexes also recorded the second straight month of losses.The Dow ([INDU](https://money.cnn.com/data/markets/dow/?source=story_quote_link)) fell 6.5% on the week while the S&P 500 ([SPX](https://money.cnn.com/data/markets/sandp/?source=story_quote_link)), the broadest measure of Wall Street, dropped 5.6%. Though we're not back in lockdown mode yet, some European [countries have tightened restrictions again](https://www.cnn.com/2020/10/29/europe/europe-coronavirus-local-national-lockdown-intl/index.html) to combat a second wave.The Dow closed down 0.6%, or 158 points, on Friday. It was also its worst month of the year since March.The S&P ended the day 1.2% lower.But the tech-heavy Nasdaq Composite ([COMP](https://money.cnn.com/data/markets/nasdaq/?source=story_quote_link)) fared the worst on Friday, as [tech stocks got clobbered](http://www.cnn.com/2020/10/30/investing/premarket-stocks-trading/index.html). Shares of Twitter, for example, closed [down more than 20%](https://www.cnn.com/2020/10/29/tech/twitter-earnings/index.html), following the company's earnings Thursday. Apple ([AAPL](https://money.cnn.com/quote/quote.html?symb=AAPL&source=story_quote_link)) and Amazon ([AMZN](https://money.cnn.com/quote/quote.html?symb=AMZN&source=story_quote_link)) [shares also tumbled](https://www.cnn.com/2020/10/29/tech/apple-fourth-quarter-earnings/index.html) after their[ earnings reports](https://www.cnn.com/2020/10/29/business/amazon-earnings/index.html).The Nasdaq finished down 2.5% on Friday, for a drop of 5.5% on the week. + +&#x200B; + +[https://www.cnn.com/2020/10/30/investing/dow-stock-market-today/index.html](https://www.cnn.com/2020/10/30/investing/dow-stock-market-today/index.html) +Tenants left the house 2 days ago. Yesterday we did a walkthrough with our PM and found out the washer and dryer were... not there... + +The evidence we have of possession is the purchase agreement and estoppel letter, but we don't even know the type of appliances. We don't want to waste time pursuing legal action. Can we report it as a loss/donation instead? + +There were other damages to the place, so the security deposit will not cover this loss. + + +Edit: possession also mentioned in the estoppel letter. +I'm an 18 year old male about to graduate high school. I currently make around $200 a week but when I graduate I'll be making about $500-$550 a week. +I need to know what I need to do to make sure I survive. I've never been on my own, I am kind of scared to live on my own and pay my own bills. My mom dropped this bomb on me today with only 23 more school days until graduation. What should be my first step and what are smart habits to get into. Literally any advice would help! Thank you + +Edit: Thank you to everyone who commented and who is being so kind and giving me great advice! + +For just a little bit of background, my mom is a wonderful woman who has always supported me. She stated that I was "ready" to move out and that I should want to. I have 3 other siblings (1 of which has Down Syndrome so she won't be moving out obviously) but the other 2 moved out when they were maybe 19 or 20. I am the youngest and I think maybe she's just ready for all of her children to be out and out of her hair. I've spoken with her and she says that her and my dad is okay with me staying until the end of June or so. Thank you so much everyone! + +Edit 2: Front page! Wow! Thank you so much for everyone's comments and thank you to everyone who PM'd me help, job offers, and personal advice! You guys are much appreciated and this is the best community ever!❤️ +GameStop NFT (both the words & design), GameStop Wallet, and GameStop Blockchain have all been filed by a separate entity called GME Entertainment LLC. + +https://preview.redd.it/it85rnesnrz81.jpg?width=2944&format=pjpg&auto=webp&s=b0fa10e04be10235cc02fce543d177d7a012b56a + +&#x200B; + +https://preview.redd.it/wwtksa1tnrz81.jpg?width=2948&format=pjpg&auto=webp&s=e147f28568fe208564efe812e26b68a6ab1597d9 + +&#x200B; + +https://preview.redd.it/e236ucotnrz81.jpg?width=2952&format=pjpg&auto=webp&s=bed1083c776058c4d00939512e19a1cc120ce819 + +&#x200B; + +https://preview.redd.it/qsgkk16unrz81.jpg?width=2952&format=pjpg&auto=webp&s=e8d38c73ee09da67944b5938f8aaff290b11a372 + +This community has long speculated a dividend of some sorts related to the NFT expansion and I wanted to share my thoughts on the matter in hopes of getting some constructive feedback going this weekend so I can have something to do other than play LoL... + +Ok, so we have 4 new filings under a different entity; Gamestop Inc. is what the company has traditionally used for other marks. Separating these "blockchain" related assets from the core company is likely the footprint for a future spinoff where GME shareholders get some type of an allocation in this new entity which I'll call **GMEE** for simplicity. + +I've seen some dialogue today regarding Overstock and I wanted to share my outlook - GameStop's dividend WILL NOT be like OSTKO, it will be better. In case you aren't familiar with the subject, here's a good post to get familiar with Overstock's digital dividend - [post](https://www.reddit.com/r/Superstonk/comments/oh69zg/overstocks_digital_dividend_story/?utm_source=share&utm_medium=web2x&context=3) + +Basically, shareholders of OSTK received 1 share of OSTKO for every 10 shares they held of OSTK ([Overstock Press Release](http://investors.overstock.com/news-releases/news-release-details/overstock-distributes-digital-dividend-shareholders-scheduled)). With total shares outstanding of 43,000,000 at the time for OSTK, the company issued roughly 4,000,000 OSTKO; OSTKO has no actual business activities, but GMEE does. + +For people on Twitter saying the Overstock squeeze was cut short or a cash payment was made which poured water on the fire, I ask you to back up the claims with facts, otherwise it's just FUD. Whether the intention of Patrick Byrne was to squeeze the shorts or to create awareness for his new tZero platform, the fact is the share price of OSTK went from $3 to $127 in a little over 5 months. + +[Mar 9 '20 - $3.41 per share](https://preview.redd.it/viirt73xnrz81.jpg?width=2816&format=pjpg&auto=webp&s=e44296e8234216de55478e63b6a456df5fe0392f) + +[Aug 17 '20 - $127.84 per share](https://preview.redd.it/tecof6yynrz81.jpg?width=2830&format=pjpg&auto=webp&s=e828f7c8e4a97f0d7b99d7b0517abf0e2284d63d) + +As for OSTKO, shareholders of OSTK received their digital dividend on May 20th, 2020, and the price of OSTKO went from around $15 to $100. + +https://preview.redd.it/0klxw682orz81.jpg?width=2830&format=pjpg&auto=webp&s=859934ac2168fede95c5e375cee542ecdd7b5cf7 + +The peak of OSTKO was also around August 17, 2020, similar to the peak of OSTK. + +Ok, now that you have an understanding of how both OSTK and OSTKO moved over time, it's also worth reading here to learn about how brokers allowed shareholders to trade their OSTKO even though Overstock did not permit this - [Seeking Alpha Article](https://seekingalpha.com/article/4349359-overstock-issues-digital-dividend-ostko-investors-are-selling) + +https://preview.redd.it/y1pwjj25orz81.jpg?width=612&format=pjpg&auto=webp&s=1218308dada4381d32ec4934855aebf4d0e04ad7 + +So getting back to GMEE, if a spin-off does happen and GME shareholders are rewarded with an allocation in the form of a tokenized security, I think the reality is that no one knows what is going to happen to synthetic shares, including GameStop. As the previous article stated, brokers basically did whatever the F they wanted. Draw your own conclusions... + +https://preview.redd.it/n9ufwor7orz81.jpg?width=670&format=pjpg&auto=webp&s=8c862ead25e5cb699bb4cda850fe0122ffe27f5a + +As a shareholder of GME, I try not to speculate, but I feel it is important to do the research and gain a better understanding of what could happen to my investment in the event of a stock-dividend, squeeze, spin-off, etc. One of the key differentiators between OSTKO and GMEE is that the latter is actually a player in the multi-billion dollar NFT industry; GMEE is a real business with real revenue and infinite potential. + +So while I believe ownership in GMEE through a tokenized security is a great way to squeeze GME shorts, it also seems like a great way to unlock value as there may be investors who want to purely invest in this business. And this brings up a good point, what is this NFT business worth? + +This is the one thing that has been on my mind for several weeks. If GMEE is spun out of GME, and let's say there are 76,000,000 share in GME, and you get 1 share of GMEE for every 10 shares of GME, what are those 7,600,000 GMEE tokens worth? + +Now one could just argue simple dilution, where GME shares are worth 10% less, but if the spin-off happened today (closing price of $98.39 on May 13, 2022), do you think GMEE is fairly valued at $750,000,000? Basically 1/10th of Friday's closing market cap. + +https://preview.redd.it/kk677nhaorz81.jpg?width=1680&format=pjpg&auto=webp&s=c0a014ff709228f3f5ea03fc3b3235c5fe51f8ef + +I would argue $750,000,000 is a very low number as OpenSea is valued at more than $13bn. So wut then? + +This is where it gets interesting, and this to me is the most important piece of the puzzle, of not only squeezing shorts but also presenting a strong case for GMEE token recipients to hold for a long time. Like any valuation exercise or real world investment, there is no right answer. Sometimes VCs are lucky and they come in early, and sometimes they come in too late (think [SoftBank and WeWork](https://www.bloomberg.com/news/articles/2021-10-20/wework-stock-we-will-softbank-ever-make-its-17-billion-back?sref=OwJcT4R5)). + +So the future of GMEE really hinges on this unknown, or InvestorX, and this is what I believe will be the greatest surprise that RC will be announcing in due time. InvestorX will be the one that makes an investment into GMEE that cements the valuation of the spin-off entity. For example, if Apple invested $1bn for a 20% stake in GMEE, then the company is worth $5bn, and right away those GMEE tokens you received at $750,000,000 would now be worth 6.67x more (ceteris paribus), without a squeeze and without other investors coming in. + +Ok, this is a good time to celebrate. I had several other thoughts I wanted to share but I think I'll save that for another time. + +https://preview.redd.it/aizsxafeorz81.jpg?width=2000&format=pjpg&auto=webp&s=57ee5f26252a3b53409d2c6115874b0b611ec37e +Hey beautiful apes, this is just starting here! We are a bunch of countries and millions and millions and millions of possible apes in the making. + +Trends here are powerful as shit. Just look at what one new reggaeton song does. You get all the busty latinas dancing like it’s an ape mating ritual. + +GME is more than a trend. It’s a well documented, DD intensive, mathematical movement! + +If GME doesn’t give you a hard on like watching a Latina doing “perreo” to a Bad Bunny song, i don’t know what else will. + +When we moon 🚀🚀🚀🌑🌑 (very soon) I will throw a dancehall perreo party and stream all the sexy latinas dancing to the beat of GME. + +The second party I will invite all the APEs to a private Island in Panama’s Pearl Islands Archipelagos in the pacific coast and go crazy!! (Im well known for throwing sick parties with the hotests girlss around!!). + +Remember, HOLD and VOTE! The floor ir $10milliom!! GME to the moon!! 🚀🚀🚀🚀🚀🚀🚀 + + + +Edit 1: missed my mexican friends 🇲🇽🇲🇽 +Edit 2: of course how am i gonna miss all my papis. 🇵🇷🇵🇷🇵🇷🇵🇷. +Edit 3: 🇩🇴🇩🇴 representing also! +Edit 4: 🇨🇺🇪🇨🇺🇾🇵🇾🇬🇹🇳🇮🇭🇳🇧🇴 + +Increidable to see apes in every country of Latin America and beyond! We strong and growing!! 🦍🦍 +I actually just really fucking believe in decentralization, **freedom of speech**, censorship resistance, and democracy. + +The charts, the price, talking with you all is a lot of fun for me. But: I care about these fundamental human rights more than the price of ethereum. I think Ethereum and other decentralized projects such as IPFS will help pave the way for censorship resistance in the future, and have already begin to. IPFS is not necessarily censorship resistant however there is research being done to make it moreso. The more attention directed towards this decentralized computing space the better. Ethereum and Bitcoin have played a huge role in helping move the needle. + +Countries like China and Turkey are using technology to oppress, torture, kill and censor their own people. **We need encryption and decentralization projects so we can fight back**. Ethereum isn't a 401k alternative, it and it's ecosystem of apps and similar projects **are all a big fuck you to human rights abusers like the Chinese Communist Party. + +also mandatory: + +# **[fuck](https://www.hrw.org/world-report/2021/country-chapters/china-and-tibet) the [chinese](https://www.nytimes.com/news-event/hong-kong-protests) communist [party](https://www.bbc.com/news/world-asia-china-55794071) and [those](https://www.smh.com.au/world/asia/break-their-roots-chinese-authorities-torture-rape-uighur-women-20210419-p57kez.html) who [enable](https://www.reuters.com/world/asia-pacific/taiwan-says-request-drop-word-country-preceded-biontech-vaccine-deal-collapse-2021-05-27/) and [support](https://www.cfr.org/backgrounder/media-censorship-china) it**. + +I would gladly sell all my ETH for $1 and give up my life to replace them-- the biggest threat to human civilization-- with a democratically elected government who truly represent the chinese people and their best interest. +An economic indicator that has predicted every major recession since the 1960s is sending another warning. + +It’s called the U.S. Treasury yield curve and, when inverted, is considered to be the most reliable indicator of an upcoming recession. As of July 2019, the curve has been inverted for an entire fiscal quarter. + + +Normally, long-term bonds yield higher interest rates than short-term bonds. If represented on a graph, this phenomenon would look like an upward slope. However, when the curve becomes inverted, short-term bonds yield higher interest rates than long-term bonds, which creates a downward slope when represented on a graph. + +The yield curve model was originally developed by Canadian economist Campbell Harvey while he was completing his dissertation. In the three recessions since his dissertation was published, including the 2008 financial crisis, the curve was inverted before each one. + +Harvey is “very confident” the current inverted curve could be indicative of another recession on the horizon. + + + + +https://globalnews.ca/news/5459969/financial-crisis-2008-recession-coming/ +I was thinking of making an automatic spreadsheet where one can easily compare with different metrics and make informed decisions easily. Only looking for major cities currently as long as data is available for other cities in required format, I will try to include them too. Will share it with the sub if the side project succeeds. +I'm a homeless man trying to get back on my feet after some personal choices and problems after covid lockdowns in 2020, but since then I've been recovering and I've been working as a janitor. I first opened my account when I got my first check from this job, so I have had my Wells Fargo checking account for almost 2 years now in good standing without any problems. + +Fast-forward and Well Fargo has suddenly closed by account without warning. I have my entire check direct deposited in the account and haven't ever had any overdrafts or any problems with transactions made with my card, so I was pissed off when I found out my card wouldn't work, I couldn't withdraw, and my account was closed when I visited a branch. + +After multiple phone calls due to unhelpful customer service, I get someone on the line who confirms my account was closed and told me it was based on a decision. I asked them what decision they said it was a "executive decision" made by the financing department and they were not able to give me any details. This sounds like something the rep made up but it may be Wells Fargo gave that bad reason for customer service to parrot. + +After asking more questions I found out my bank was not entirely closed yet, so I asked if I could go by a branch and just withdraw the money I had in my account, a measly $23 but I need it to keep my phone on. I was told that they couldn't allow that because "they were not permitted to" and when I asked to speak to someone else the rep refused and said they will disconnect the call. I asked him to get me someone else again, and he thanked me and hung up the phone. Class act. + +So what I want to know is, is there a corporate number I can call? Because the alternative to not being able to withdraw my money is to wait for the account to close, then afterwards wait to be mailed a check which I've been told can take between 2 to 3 weeks! + +**Is there a way to for me to get my money** ***out*** **of Wells Fargo** or am I just screwed and won't have a phone for 2 weeks? What's most frustrating is that I still don't know the real reason why my account was closed. +Any Americans working in EU? + +How do you save for retirement? I’m in Spain and not sure how long I’ll be here (to meet the 15 or 20 year requirement for the social security /pension payout.. or if that would be enough). A fair guess is that I will be here at least for 2-5 more years. + +My company does not offer a 401k or retirement plan. Per my research, I cannot contribute to my IRA or 401k in the US without having US-sourced income. + +Perhaps the best way is just to put the money in a healthy balance of stocks, bonds, & low-risk interest-bearing accounts (based on my age group)? .. I was looking for some sort of tax incentive retirement plan/ideas. + +Thanks in advance! Happy Tuesday to you all +I'm a total beginner, making small steps. + +I just finished reading The Little Book of Common Sense Investing, by John Bogle, and the main lesson of "focus on low cost index funds" is pretty clear to me. The book is easy to follow and easy to understand, no problems on this front. + +However, on chapter 15 ("The Exchange-Traded Fund (ETF)"), while not entirely dismissing ETFs ("But let me be clear. There is nothing wrong with investing in those indexed ETFs that track the broad stock market, just so long as you don’t trade them."), Bogle still recommends traditional index funds. + +In particular, this paragraph stood out to me: + +> What is more, investor cash flows into ETFs are exceptionally volatile, especially when compared to the relatively stable cash flows experienced by TIFs. During the 24 months from the stock market high in April 2007 to April 2009 (shortly after the low of the 50 percent market crash), TIFs experienced not a single month of negative flows. Flows into ETFs, however, were negative in 10 of the 24 months, ranging from inflows of $31 billion in December 2007 (near the market’s high) to outflows of $18 billion in February 2009, when stock prices hit bottom. Counterproductive investor behavior writ large. + +However, when looking online for information about index funds most of the time the results are for ETFs, so I'm a bit lost here. First question is really embarrassing: how can I invest directly in a index fund? A cursory look on Interactive Brokers or XTB shows only ETFs. Most talks I find online are about ETFs (for example, beginners like me asking about what ETFs they should invest in). If I want to follow the strategy of buying and holding "forever" are ETFs recommended? + +On another note, I saw the general statement that ETFs are more tax-efficient than traditional index funds, but I rarely saw data to back this up. While I don't think general statements like this can be always true, what merit does it have? + +If I understood correctly, I can trade index fund directly with whoever manages the fund, so there will always be someone that will buy if I want to get out? For ETFs there's the risk that I will want to sell, but no one will be there to buy? Is an ETF riskier? + +On a broader note, the book is focused on the US economy, how well do the principles described by Bogle apply to the EU economy? I looked briefly over the [EU Investing](https://www.bogleheads.org/wiki/EU_investing) page on bogleheads, but I'd like some opinions (and, eventually, reading recommendations). +I have recently began a job (government contracted) that pays roughly between 50-60K a year (Late, I know). I wasn’t taught or talked about investing ever in my life. It is now at my current job that some of my coworkers that I have became friends with have introduced me to investing. I’ve been doing some research and budgeting my income and came to the conclusion that I can invest 300 dollars a week. My current job offers insurance but if you already have insurance (which I do through another provider) that money will go into a 401K account, so I’m looking at roughly 600-700 dollars a month that’s going into my 401K that I’m not missing. The 401K account is a VTSAX fund. My question is how should I invest the 300 dollars a week? Here’s some of the stocks that I’ve been reading up on and watching YouTube videos on: VOO, VTI, SPHD, SCHD, MTUM, VYM. Your help and advice is greatly appreciated. Looking to just set and forget, long term, and hopefully be in a better spot financially in 10 years. +So I recently graduated from Babypips (woohoo I suppose), and I wanted to see if the community can point me in the direction of some good tips. Live trading sessions, thinking processes, and personal tips would really be awesome to highlight! +Right now, I have a friend using indicators and they're going really well. I would love to use some, but I don't have any idea which ones there are and reliable for MT4. Even before indicator use, I want to be able to have a stable trading strategy going into this. +I would love if some of you guys had any of these tips or tricks you would be willing to discuss with me! What works best for you for consistent income? Thanks Reddit! +I have owned my own business for 20 years and managed to save $11M in liquid assets plus another $1.5 in real estate investments. I just passed 60 and it's time to pull the trigger on an exit strategy. I could sell internally for about $10M or externally for an estimated $16M. If I sell internally, I would be paying it forward, but I would also need to finance the buyout. The next generation of leadership wants to try and part of me thinks they deserve a shot. So, less money and more long term risk for me. Friends, however, tell me I'm crazy, I need to sell to the highest bidder and move on, that if I leave $6M on the table I will regret it years from now.. So my question is this. Have you ever made a decision knowing that you would make significantly less money, or the opposite, made one based solely on money, and regretted it? +Sure, im happy to see us ripping through today, but this is not MOASS. MOASS starts when we start seeing a Comma in the price. Keep your cool. Enjoy the ride. But for any new apes, yes its exciting, no this isn't the big event. + +Love you all and Hodl. +I think beating the S&P500 on average is a given, or else why not just invest in the index. + +Apart from that though, what should a beginner aim for? It must be achievable, or else there is the risk of taking on risky investments to try to get there which will just hurt in the long-term. + +My initial thoughts are 15% target, but only making investments which I think will provide a 22% return (so a 7% margin of safety). + +My current portfolio is: + +30% BABA @219 +70% Cash + +BABA I’m hoping will give me a 30% return in the long term, though it seems like a rare opportunity that won’t come up often so I don’t want to wait around for something similar when I could be investing in great companies in the meantime. +With the market down significantly for the year, what are some examples of great companies that are values right now? Also please provide a reasoning why you think it’s at a good price to buy. +the week everyone has been waiting for here in Canada + +2/17 C-218 vote on the conservative party bill to legalize single game sports betting + +2/18 $SCR.T $TSCRF 1:10 reverse split + +2/19 C-13 reading for Liberal party sports betting bill. + +Currently watching the following stocks in anticipation of the legalization of single game sports betting + +The Score of course $SCR.TO|$TSCRF (US Ticker) + +$BETS.CN|$BLITF (US Ticker) + +$FANS.CN|$FUNFF (US Ticker) + +$BRAG.TO|$BRGGF (US Ticker) + +$LUCK.V + +$DKNG + +$PENN + +$PDYPY + +Any other companies anyone watching? Thoughts and ideas on the upcoming bill and this arena in general? /r/gamblingstocks is betting on the Bill C-13 passing on Friday Feb 19th + +Market is of course closed tomorrow making it an even tighter timeline + +GL +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I’ve started trading 5-6 years ago and I’ve always used price action and indicators. My friend started a year later and discovered ICT. I’m far more profitable than him yet he can’t stop telling me I’m wasting my time with indicators. I see it indi haters on twitter a lot as well +# $5k into CumRocket?? + +Am I fucking simple? Maybe but for a variety reasons not related to this great decision. You may have seen CumRocket around by now and dismissed it as "just another shitcoin" but I can assure you it's so much more than that. + +**Here is why I invested $5k and maybe you should too:** + +CumRocket is actually building out a really interesting product that aims to bring a fairer, privacy driven, decentralised and accessible platform for sex workers (only fans girls etc.) to post content and earn money from followers. All powered by $CUMMIES. + +Additionally they are bringing out a NSFW NFT platform which is a sector largely untouched by NFTs, even though it has so much potential! People already pay $100s to Camgirls and Only Fans girls so of course they will splash the cash to own an original NFT of their favourite girl. + +&#x200B; + +* Lead Dev is a doxxed female software engineer with a large TikTok following. +* 20+ member team that are actively working to build out the platform and ecosystem. +* Porn is a $90 billion a year industry that is as yet untapped by cryptocurrency. +* Successful 18+ CumRocket NFT drops have already taken place. +* 3.2k Holders in only 10 days at a **market cap of only $3 million** +* Listed on CoinMarketCap with CG coming soon, in process of being added to BlockFolio. +* The project is already forming partnerships with successful 18+ performers and can leverage their audiences to grow. +* CumRocket is deflationary with both token burns and redistribution. +* Currently in an accumulation phase **growing by hundreds of holders a day** at a value half of it's all time high. This is poised to explode soon. + +That is why I think this is a great buy. It is a $100 million project masquerading as a $3 million project, if the execution goes well this could absolutely soar. + +# 💦 CumRocket $CUMMIES Overview 💦 + +The brand new BSC token with huge plans, CumRocket has reached 3.2k HODL'ers already after 10 days of being released! With most of them being in the last 2 days and only a \~3 million marketcap... this project is gaining some serious momentum - just wait till they begin paid promotion! 😱 + +CumRocket has formed a team of around 20 members, including an artist, UI/UX Designer, marketers, community managers and multiple developers! They are serious about making this project work - the creator/developer is a **female software engineer who also is doxxed** with a following of 24k followers on TikTok (@TLDRFinance). The team are always active on telegram/discord, and keep everyone up to date with the progress of the project. + +🎉 Their main plans are to expand into the private paid 18+ content sector - think **"The OnlyFans of Crypto"**, only creators receive a larger cut! Creators will be able to upload their private content with fans able to pay in crypto, and tip in $CUMMIES! + +This is bullish for the $CUMMIES token because of a few reasons: + +✅ since their main wage doesn't depend on it, models are likely to hold it as an investment and watch it grow + +✅ models can earn passive income through the redistributive nature of the token, which has the ability to support sex workers more + +The platform is already a work in progress, with multiple UI mockups created and the aim of making it as accessible as possible (for creators who may be new to crypto, but see the benefits that paying/being paid in crypto gives) Here's an example of what the login page will look like [https://cumrocket.vercel.app/login](https://cumrocket.vercel.app/login) + +After this platform has been created, **an NFT marketplace will be added** as another section to the site, where creators can upload their BEST content as NFTs! Eventually, they would like to bring the tech in for NFT auctions too... + +💰 In the future, CumRocket would like to give dividends to holders and other incentives for holding a certain amount of $CUMMIES! + +Whilst this platform is in progress, they are raising funds for marketing/development costs aswell as creating awareness, through selling NFTs. + +CumRocket has already formed a partnership with degenerate.money to showcase their very own 18+ NFT collection called the 'CumRocket Babes' and 'Chad Cards' These exclusive collections began with animated anime, and now is moving into collaborations with real NSFW influencers! This allows them to form partnerships with these creators before the platform has even launched, so that when it is launched there will be a greater chance of more creators uploading content right away! + +CumRocket also provides the option to farm NFTs for liquidity providers! Check out their NFTs here: [https://degenerate.money/market/l/market.html?category=8](https://degenerate.money/market/l/market.html?category=8) + +# ⚔️ Tokenomics + +💎 5% tax on each transaction + +💎 2.5% gets redistributed to current holders in proportion to their holdings + +🔥 2.5% gets burned forever! + +😋 Just sit back, relax and watch your $CUMMIES automatically increase! + +# Links + +💦 Website: [https://cumrocketcrypto.com/](https://cumrocketcrypto.com/) + +💦 Telegram: [https://t.me/cumrocket](https://t.me/cumrocket) + +💦 Discord: [https://discord.com/invite/Tett4kJsKN](https://discord.com/invite/Tett4kJsKN) + +💦 TikTok: [https://vm.tiktok.com/ZMePKXKLW/](https://vm.tiktok.com/ZMePKXKLW/) + +💦 Twitter: [https://twitter.com/cumrocketcrypto](https://twitter.com/cumrocketcrypto) + +⚰️ Burned dev tokens: [https://bscscan.com/tx/0x218a6bf38ab8443e9e6c2d59c45432ceccffeba1ae9e36eb6296b7203496b4e9](https://bscscan.com/tx/0x218a6bf38ab8443e9e6c2d59c45432ceccffeba1ae9e36eb6296b7203496b4e9) + +🔒 LOCKED Liquidity: [https://dxsale.app/app/pages/dxlockview?id=531&add=0&type=lpdefi&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=531&add=0&type=lpdefi&chain=BSC) + +🥞 PancakeSwap (slippage 6%): [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x27ae27110350b98d564b9a3eed31baebc82d878d](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x27ae27110350b98d564b9a3eed31baebc82d878d) + +📜 BscScan: [https://bscscan.com/token/0x27ae27110350b98d564b9a3eed31baebc82d878d](https://bscscan.com/token/0x27ae27110350b98d564b9a3eed31baebc82d878d) + +📈 Chart: [https://poocoin.app/tokens/0x27Ae27110350B98d564b9A3eeD31bAeBc82d878d](https://poocoin.app/tokens/0x27Ae27110350B98d564b9A3eeD31bAeBc82d878d) + +Binance CumRocket: [https://t.me/BinanceRocketCUMMIES](https://t.me/BinanceRocketCUMMIES) +Hey Apes, I've written a couple posts about this. I'm an OG BeeTeeSea guy. A lot of what I saw back then is what I see now. People that stumbled across something they knew was going to be incredibly valuable in the future and they diamond handed and bought as much as they could. + +GME is another one of these opportunities which I never thought I would get again. I am a high XXXX ape soon to be a XXXXX ape thanks to dumb fucks dragging this out. + +It's never a good sign to count your eggs before they hatch, but when you see those eggs moving, I think it's time to get prepared. + +So what we've seen is a concentrated attack at this sub at the time of 450K puts expiring. If Citadel and co had control of the situation they wouldn't be attacking this sub because it wouldn't be worth their time or money. That isn't an algorithmic reaction, that is a human reaction. We have confirmation they need to us to sell. They lost those puts so they try and break our sub. If you would categorize this behavior as desperate, irrational and childish you would be correct. That is our adversary, just some children in big bodies that are losing. There is nothing special about them. *Imagine trading a world changing amount of money for ruin and rage.* + +So here you are in the right place at the right time, just like they were. So how do we avoid their mistakes. + +Soon, for many of you are going to have what many would reasonably categorize as more money than you could spend in a lifetime. It's important to remember, you absolutely can fuck it up like Kenny Mayo or whoever the fuck runs other no-name vampiric corporations that are involved in this mess. + +So here is the rule that those idiots didn't follow. **You do not risk what you have for what you don't need.** + +In the beginning, **the money will blind your judgement.** You need to **slow down and stay humble**. KSG and co didn't do this. They thought they were invincible. This is called hubris. If you look through history, the mighty have all fallen, from empires, corporations and individuals, they all lose it due to hubris. They think they will remain on top forever. + +Once you have it for awhile and done your splurging, which I urge you to skip, unlike myself. **Spending is subject to momentum, once you start, it is very, very hard to slow down.** You will start seeing where the true value in life is very quickly. **I highly recommend before you buy, see if you end up renting whatever it is regularly and frequently.** Want to buy a property with ocean view? Try seeing if you go to the same place 5 years in a row first and how excited you are when you get there. + +In my experience I have learned that the **most valuable things I have are my time, health, personal growth, my family and friends**. Money can help these things develop, but they really can't buy it. When you are out of time, good luck trading all the money in the world for it. + +So the question for me has become how do I spend my time since I don't have to work anymore, ever. + +**The formula for a fulfilling life is agency, mastery and purpose.** + +I focus on the trifecta, **diet, sleep and exercise**. This is the foundation of my health. I spare no expense here. This is trifecta is quite hard to spin up because they depend on each other as they power your will power and use your willpower. Exercise helps you sleep, so does diet, sleep helps you have the energy to exercise and the willpower to eat healthy. Once you get your self management to a point of excellence, the next stage to focus is on personal growth. Being healthy and having energy feels really fucking good. + +Now that I have more money than time, I have realized money can only help so much with skill growth. **Skill growth is really dependent on time.** You need 10K hours of focused practice to get to a world class level. Commitment to continually improving a skill is called mastery. Mastery doesn't top out you constantly can improve. It feels really good when you learn something difficult. + +Once you are committed to continually improving your skill. **You can now define your purpose. Your purpose is defined as something that helps more people than just yourself. Doing nice things for people that they can't do themselves and without seeking anything in return is the legit best feeling ever.** + +Let's kick back and Lol at diamond hands making 450K puts expiring worthless. +I've been an investor through two of the past recessions. I can't say if another one is looming, near, or not close at all. My ability to predict the market is as bad as anyone's. + +However, hearing all the fear and hype, and seeing the Great Flight to bonds and commodities and other instruments, it causes me to reflect on what I see happening now, vs. what I remember from the past. + +So, when real recessions were underway here's what I remember: + +1. People were not universally warning me to avoid stocks. If anything, bubble hype was so great that I was told I "couldn't lose" by investing in tech, or real estate, or whatever else was fashionable at the time. I remember one friend actually becoming angry when I suggested that real estate was as susceptible to market uncertainty as anything else. + +2. My company stopped giving out bonuses and raises, for years. People were laid off during successive waves of "restructuring". Recruiters called less often. Jobs were harder to find. Many of my friends had difficulty finding new work, or were out of jobs for months. There was a feeling of things "drying up". + +3. During the last recession, Europe became rather expensive to visit (1.47 EUR/USD in Dec 2008). In general, purchasing power felt like it was... less, though this could have just been psychological. + +In short, the recession environment made life feel like it was becoming more difficult. Whereas in the current climate, borrowing is still easy, interest rates are low, recruiters are calling, companies pay competitively, my friends are taking trips and vacations and spending their money. The only place I notice "recession" cropping up is in the news, over and over. + +I'm hopeful it stays there, but it makes me wonder how much of this is just fear levels reaching a fever pitch. Which could, I imagine, provoke the very thing everyone is afraid of, if the market depreciates assets too severely and everyone begins to panic. +u/iota_4 is the original person who posted this, thank you!!!!! +(Btw not financial advice yada yada yada, remember monkey TOGETHER strong 🙌🙌🙌💎💎💎🚀🚀🚀🦍) + +i have a message for all fellow apes: + +why aiming exorbitant high (let’s say for 200,000,000 USD) and having a floor at 10,000,000 USD is good..? + +in my opinion, it is necessary to aim that high, bc if not, more apes are going out early and the rocket could fall back.. + +so.. again, i hodl for not less than 10,000,000 USD a share and only selling AFTER the peak, no matter how long this will take. so it means, if the price will get above 10,000,000 USD (like up to around my real aim: 200,000,000 USD) and starting to fall back for, lets say, 20%, THEN i will sell. + +in this scenario i will sell my shares (each share!) in every case for not less than 8,000,000 USD FOR SURE! and this means not, that the rocket will fall back directly after i sold.. every ape has a different floor.. but my advise for myself is 10,000,000 USD as the MINIMUM floor.. for a life changing money for apes! + +to andromeda! . . ✦ 　　　　   　 　　　˚　　　　　　　　　　　　　　*　　　　　　   　　　　　　　　　　　　　　　.　　　　　　　　　　　　　　. 　　 　　　　　　　 ✦ 　　　　　　　　　　 　 ‍ ‍ ‍ ‍ 　　　　 　　　　　　　　　　　　,　　   　 .　　　　　　　　　　　　　.　　　ﾟ　  　　　.　　　　　　　　　　　☀️　　. ,　　　　　　　.　　　　　　    　　　　 　　　　　　　　　　　　　　　　　　  　　　　　　　　　　　　　　　　　　    　      　　　　　        　　　 　　　　　　　　　　. 　　　　　　　　　　.　　　　　　　　　　　　　. 　　　　　　　　　　　　　　　　       　   　　　　 　　　　　　　　　　　　　　　　       　   　　　　　　　　　　　　　　　　       　    ✦ 　   　　　,　　　　　　　　　　　    🚀 $gme　　　　 　　,　　　 ‍ ‍ ‍ ‍ 　 　　　　　　　　　　　　.　　　　　 　　 　　　.　　　　　　　　　　　　　 　           　　　　　　　　　　　　　　　　　　　˚　　　 　   　　　　,　　　　　　　　　　　       　    　　　　　　　　　　　　　　　　.　　　  　　    　　　　　 　　　　　.　　　　　　　　　　　　　.　　　　　　　　　　　　　　　* 　　   　　　　　 ✦ 　　　　　　　         　        　　　　 　　 　　　　　　　 　　　　　.　　　　　　　　　　　　　　　　　　.　　　　　    　　. 　 　　　　　.　　　　 🌑 　　　　　   　　　　　.　　　　　　　　　　　.　　　　　　　　　　   　 ˚　　　　　　　　　　　　　　　　　　　　　ﾟ　　　　　.　　　　　　　　　　　　　　　. 　　  　 🌎 ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ,　 　　　　　　　　　　　　　　* .　　　　　 　　　　　　　　　　　　　　.　　　　　　　　　　 ✦ 　　　　   　 　　　˚　　　　　　　　　　　　　　 *　　　　　　   　　　　　　　　　　　　　　　.　　　　　　　　　　　　　　 +Many posts on here are early-stage, with calculations of NW projections based on 7% annual returns, low spending etc. If you’ve been earning 7-figs for 10+ years, where are you now? Did you manage your own portfolio and use low-cost ETFs? Did your money double in the market every 7-years? +I was short many unhedged TSLA weekly puts with a strike price of 280 and panicked when I saw the price keep dropping and dropping at the open. When it hit 340 or so this morning I closed. Didn’t roll or consider taking assignment because of all the weakness it’s shown lately. + +Feeling stupid because the price settled down at around 1030 and instead of losing a few hundred, I lost several thousand on the trade. + +Lesson: don’t trade in the hour after the market opens. + +Is this the right lesson to learn from this? +[https://www.marketwatch.com/story/china-to-slash-tariffs-on-us-auto-imports-to-15-2018-12-11?link=sfmw\_tw](https://www.marketwatch.com/story/china-to-slash-tariffs-on-us-auto-imports-to-15-2018-12-11?link=sfmw_tw) +Without going into specific strategy details, I'm wondering how much success people are seeing with "simple" vs "complex" strategies. For the sake of argument, assume "complex" to mean rigorous mathematical analysis, AI/ML, etc., and "simple" to mean some combination of existing indicators, data and simple logic. +What the title says. + +I visited the sub for the second time since its inception and it's not changed aside from noticing some apes stooping to their level and arguing. You get nothing out of posting there, but they get exactly what they want: your reaction. + + +The sub is filled with trolls who argue in bad faith, using emotion as their only tool. Search through the whole sub, there's no counter-arguments on our DD, no theories with actual sourced data to back up the idea, only mockery. + + +Don't give them your time, it's genuinely not worth it. You're all better than this. + +As always, buy, hold, vote, and be excellent to eachother ❤️💎👐 +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I live in the US and my parents in Germany ask where to invest their money. I can't find an equivalent fund that tracks similar goals of [Vanguards VT](https://advisors.vanguard.com/investments/products/vt/vanguard-total-world-stock-etf) fund for Germany. I don't even know where to look? Any suggestions are welcomed. +Mortgage broker is asking if I want to take out 70% or 80% LTV on a cash out refi for my current primary residence. I plan to purchase a second property - a multi unit, and live in one of the units at some point. I could really use the extra 10% to do so and the rates are so low right now, it seems to make sense to borrow as much as possible and sink it into a 30-year mortgage on an income-producing property. + +However, I want to make sure I'm considering all the factors. From what I can tell, the dangers are 1) the value of my current property declines by more than 20%, leaving me underwater on the mortgage. This doesn't really worry me bc a) I don't think the value will drop that much and b) even if it did, I will be renting the place out to cover the mortgage. 2) My total monthly bills will be higher and if I can't rent the new property for as much as anticipated, I could have a hard time paying. I also don't anticipate this bc I'm going to be VERY specific / careful about this next purchase. + +Any other potential pitfalls that I may be missing? + +Thanks! + +EDIT: Thanks to everyone for the insightful comments! For our situation, the emergency fund is the biggest thing we need to make sure of, since properties require maintenance and... sh\*t happens. We will need to figure out how much to keep in reserve (I'm sure there's a formula for this somewhere). + +I'm going to do 80%. Here's why: + +1. DTI will still be solid to buy the next property +2. Rates are historically low - and as long as I make more than I'm paying in interest, I'm good. +3. As one commenter said, "Inflation is coming. If it is a fixed interest rate, it is better to be in a debt position than have deflating currency sitting around." -- I personally agree with this. +4. Current property is well located, easy to rent, and rents will likely increase +5. I plan to invest the money into a property that will both appreciate over time and produce monthly cash flow. + +The key to making this whole thing work is buying the right property next. No risk no reward... I just have to choose wisely! +Hey Gents, + +Figured I'd share my first interaction as a new proud owner of my 1st duplex. + +Funded & closed the deal on 1/7/2022 + +Get a call today from the agent that the upper unit tenant was trying to reach me. + +I call the tenant whom informed me the pipes are potentially frozen and the upstairs toilet is not filling with water in both the tank or bowl. + +Not here to complain, just thought I'd share my fairly comical headache after closing on my first property. + +Anyone else have a similar situation or issue after closing on a new property within the first 72 hours? +In addition to the obvious benefits of having more resources to deal with life, there are some obvious downsides, as well. A whole lot of vices, wasteful habits, and such can be more easily fed when you have more money to do so. It's like getting your first job as a kid and suddenly realizing you can afford all the ice cream you ever wanted, except a whole lot more dangerous. + +What are traps you've fallen into where maybe you started to indulge, and it became a problem? More importantly, how did you extract yourself, or otherwise limit the damage? What are strategies you use to keep your habits mentally, physically, and spiritually (not talking about religion, per se) healthy? +* I've been unable to buy more than $100 worth of shares with a cash balance of tens of thousands. +* I've been unable to sell shares I just bought, or submit a stop-sell on them to protect against losses. The same screen that refuses to let me sell even 1 share shows that I own over 1500 shares. +* I've been getting random UISYSIN0033 errors which seems to indicate a general system problem unrelated to my specific requests. +* And finally, sometimes their system is so unresponsive it takes 20 seconds to respond to a mouse click. + +This thing is a nightmare. What's the recommended trading platform for Canadians that won't break the bank? +BlackRock released their earnings report today, source: + +[https://s24.q4cdn.com/856567660/files/doc\_financials/2021/Q1/BLK-1Q21-Earnings-Release.pdf](https://s24.q4cdn.com/856567660/files/doc_financials/2021/Q1/BLK-1Q21-Earnings-Release.pdf) + +&#x200B; + +Assets under management Q1 2020: $6,466,668 million + +Assets under management Q1 2021: $9,007,411 million + +&#x200B; + +Revenue Q1 2020: $3,710 million + +Revenue Q1 2021: $4,398 million + +&#x200B; + +Attributable Net income Q1 2020: $806 million + +Attributable Net income Q1 2021: $1,199 million + +&#x200B; + +Obviously the last YoY quarter we had the march 2020 crash and valuations were not looking so good, this should be considered when comparing YoY AUM. +The cultural movement that 420x is based around brings the community together and provides us the strength to strive for greatness. Our cause is to work together as collective, united as one to bring global matters to the forefront of peoples attention, and create positive impacts across the globe for everyone. Our immediate goal is to unite a global community of likeminded individuals by establishing the 420x brand through partnerships with online and brick and mortar shops, dispensaries, influencers, charities and celebrities. + +&#x200B; + +We have a community devoted to our success because they understand 420x is not just another crypto currency but a defining moment between crypto and counterculture. We pride ourselves at being a part of a very lively community which also happens to be in the forefront of a rapidly growing industry. Our vision is to bridge the obvious gap and create the world’s first marijuana friendly cryptocurrency brand. + +&#x200B; + +We have an onslaught of AMAs in the coming days so tune in and get your moon bags ready! + +\- 5th May 16:20pm UTC - Community AMA + +\- 6th May at 5:00 PM UTC - AMA with a 30K telegram group + +\- 7th May at 19 UTC - AMA with a 15K telegram group + +\- 9th May 18:00 UTC - AMA with a 143K telegram group. + +&#x200B; + +What 420x has achieved in only 14 days! : + +EXCHANGE LISTING - Tiger Coin have announced they have been released on their exchange! ✅ + +Almost 20k holders ✅ + +Almost 10.5k telegram members that are super active ✅ + +Audit by Tech Rate [https://420xcoin.com/420x.pdf](https://420xcoin.com/420x.pdf) ✅ + +&#x200B; + +Our coin distribution is one of the best on the Binance Smart Chain, they have no whales that can dump harder than our liquidity. One of the healthiest charts for a new project. + +I got my moon bag! Are you ready to go high? + +&#x200B; + +💸 Insane Liquidity - 1.2M Right Now At Such a Low Market Cap + +❇️Contract : [https://bscscan.com/address/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a](https://bscscan.com/address/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a) + +(Audited by TechRate) + +🍰 Buy here on PancakeSwap : + +[https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xC4b790e1D5f0c3d8AA526F0A8098eD2A1ff0886a](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xC4b790e1D5f0c3d8AA526F0A8098eD2A1ff0886a) + +420x Official Links : + +Join Telegram and jump on the Voice Chat, Devs are awesome they are just like us Degen’s and always clear any questions! + +Telegram : [https://t.me/The\_Real\_420X](https://t.me/The_Real_420X) + +Website : [https://420xcoin.com/](https://420xcoin.com/) + +Twitter : [https://twitter.com/420xcoin](https://twitter.com/420xcoin) +Cineplex Inc. reached an agreement with lenders for relief on its financial covenants to the second quarter of 2021 after the movie theater chain saw revenue plummet due to capacity restrictions in cinemas. + +The Toronto-based company announced third quarter results that missed analysts’ expectations. Revenue declined 85 per cent, to $61 million from $418.4 million a year ago. Analysts were looking for $65.8 million. + +Key Insights + +-The company is trying to slow the rate at which it uses cash. It burned about $16.6 million in cash per month in 3Q and has been burning $15 million to $20 million a month since the onset of the pandemic. It’s taking advantage of government programs to subsidize employee wages and is looking to sell its head office to raise money. + +-The company had about $460 million ($350 million) outstanding under its credit facilities as of Sept. 30, according to a statement + +-Cineplex gradually reopened theaters over the summer at limited capacity, but had to temporarily shut them again in parts of Canada in October after a second wave of Covid-19 hit. Attendance at theaters fell 91 per cent. in the third quarter. + +-It will not reopen its locations in Toronto, Ottawa and Peel region anytime soon even if restrictions are relaxed due to concerns “from a financial perspective,” spokesperson Sarah Van Lange said earlier. + +Like other chains, Cineplex is being hurt by the delay of several big budget films. Last month, Metro-Goldwyn-Mayer pushed back the release of the James Bond flick ‘No Time To Die’ to April, sending shares down to a record low. + +Cineplex soared 32 per cent Monday after Pfizer Inc. said that its vaccine, developed with BioNTech SE, protects most people from COVID-19. The stock is down 81 per cent this year and was removed from the S&P/TSX Composite Index on Sept. 21. + +“Cineplex is a resilient organization and we remain confident in our financial position and business recovery plans, despite the tough industry and economic conditions,” Chief Executive Officer Ellis Jacob said in a statement. “Building on our response to the pandemic, we continued to focus on adapting our operations, significantly reducing expenses, and strengthening Cineplex’s financial position.” + +https://www.bnnbloomberg.ca/cineplex-gets-relief-from-lenders-as-revenue-falls-85-in-3q-1.1522029 +I know this has been plastered all over /r/investing and /r/stocks already but it only feels right to share it here too. TLDR: Hertz still has almost 250 million shares authorized (but not outstanding) and they want to sell them to raise $1 billion to fund their bankruptcy. + +I thought I had seen everything in this market but this just shows you that nothing is off the table. Before you buy HTZ, please realize that if you participate in this offering (if it even ends up being allowed, which is questionable), all you're doing is paying off HTZ debt and throwing money at Jeffries for underwriting it. + +On the flip side, given the current market conditions, it's not the worst idea and while IMO it's disgustingly predatory I can't say I blame HTZ for trying to take advantage of this market nonsense. If they do manage to convince a court to allow this, it actually does give equity holders a chance to get something which they certainly won't get if it just goes the pure bankruptcy route. I suppose if you just have blind faith that HTZ can come out of bankruptcy and be a better company then it makes sense to gamble on it, as long as you realize you're buying something for $4 a share that is literally worth zero. This is truly the greater fool theory in action. What a time to be alive lol + +I'm really curious to hear your opinions on this, especially younger people. + +Link: https://www.forbes.com/sites/christopherhelman/2020/06/12/bankrupt-hertz-seeks-permission-to-raise-1-billion-in-preposterous-new-stock-sale/#5ec31dce5483 + +EDIT: [It's approved!](https://www.marketwatch.com/story/judge-oks-stock-sale-for-bankrupt-hertz-report-2020-06-12) You can buy $1B of worthless equity now! Hooray! Thanks /u/newredditerman +But I'm very happy I actually have a four digit number in my savings now!!! + +I'm healthier as a result too, I only buy from the farmers market for my groceries and stay away from junk food! I only go into the city once a week for said farmers market, I walk to campus everyday and avoid using PTV and enjoy the stroll past the park and see cute dogs and enjoy nature + +Instead of loitering outside, I spend more time experimenting in the kitchen (I made a loaf of bread!!!), I read and write more, I've become more introspective and my cats bask in my more constant presence :) + +I know my username says NEET but I am working lol I just feel like a NEET since most times I feel a bit aimless haha but time is precious and I'm happy to be this productive and peaceful and also finally letting my wallet breathe! +What is Ultra Protocol? + +Ultra Protocol is an innovative blockchain-driven company seeking to redefine the standards of education, security and verification within decentralized finance. + +Recent AMA News + +[Click here to view the latest AMA](https://youtu.be/qvfDbMu8Ndk) + +Website Update + +* Visit [https://ultraprotocol.io/](https://ultraprotocol.io/) and check out our fresh new look +* Read our new [Whitepaper](https://drive.google.com/file/d/1DScZaxTSPW2AAXan_Rqu9El0wy41cvqV/view?usp=sharing) +* Explore our interactive [Roadmap](https://ultraprotocol.io/roadmap.html) +* Bring any questions to our [Help Center](https://help.ultraprotocol.io/en/) + +Upcoming Exchange Listings + +* CoinStore +* ProBit +* Bitmart + +A wallet listing with StarShip is also currently in the works. + +About UltraSafe Token + +* 8% Tax, of which: +* 4% to liquidity +* 4% redistributed to current holders +* Double-audited through [Certik](https://www.certik.org/projects/ultrasafe) and [Solidity Finance](https://solidity.finance/audits/UltraSafe/) + +Planned Products + +* Multi-chain Launchpad +* Dex +* Merch Store +* Multi-chain Wallet +* Ultra Pay +* NFT Marketplace + +A new partnership will be announced on Friday. +Hey all, I put together this quick sheet to run house purchase scenarios for my wife and I to work out what we can afford. Thought I'd share it here so you can give me advice on whether it's correct/accurate... Feel free to copy this into your own sheets/excel doc if it's any help to you. + +[https://docs.google.com/spreadsheets/d/1CuweznUCIfmNz3019yQHj6dg1Iokt5OqzeHqbme8Z-8/edit#gid=887672390](https://docs.google.com/spreadsheets/d/1CuweznUCIfmNz3019yQHj6dg1Iokt5OqzeHqbme8Z-8/edit#gid=887672390) + +It calculates stamp duty at 5.5% (which is what it is in Victoria, where we're shopping) + +It also allows for you to specific a loan amount as a % of the purch. price (LVR) + +Setting the Interest rate will also give you a monthly/weekly repayment figure (P&I). + +Hope this is helpful to some of you :) + +I TAKE NO RESPONSIBILITY FOR YOU USING THIS. PLEASE do you own diligence and don't rely on this tool alone. +Hello, all! + + [Zalesky's 25 Point Mantra](http://www.r-5.org/files/books/trading/schoolbooks/Douglas_E_Zalesky-The_25-point_Mantra-EN.pdf) + +First let me say that I keep getting comments asking more about the story, due to that I posted something on my personal page and that's the last I will say of it. Can we please keep the comments section related to trading, if you have any other questions, comments, or concerns about the entire journey there are other posts for that. Thanks! + +# Key Statistics + +I am providing ranges on some statistics as I am using different journaling software and I am still working through the kinks of providing consistent data. + +Account Net Worth: $64,969.68 + +Overnight Margin BP: $62,815.51 + +DayTrading BP: $170,835.27 + +Percent Profitable: 82% + +Ratio Avg. Win:Avg.Loss: 1.39-1.86 + +Weekly Profits From DayTrades: $606.76 + +Weekly Profits From Closed Swing Trades: $10,457.24 (Note: These gains are not included in my statistics nor are they part of the daytrading story, I wanted to include them so everyone can understand that I have left my job to be a trader, daytrading is a specific vehicle that I am tracking for this journey) + +# Monday + +I didn't do any day trading. A catalyst that I was waiting for on one of my swing trades was met so I spent the day monitoring this stock to make sure it was doing what I thought it was going to do. + +# Tuesday + +Win Rate: 67% + +P/L: $105.83 + +https://preview.redd.it/gyga5bd0ci271.png?width=1280&format=png&auto=webp&s=3d4e808a8bc5a72b0d7c3aa334e0a4dcf05d8059 + +# Wednesday + +Win Rate: 100% + +P/L: $16.16 + +https://preview.redd.it/5x5yuec3ci271.png?width=1282&format=png&auto=webp&s=875a7af9248b4d608dd560d19974e7c5d9fc7fa0 + +# Thursday + +Win Rate: 100% + +P/L: $99.58 + +https://preview.redd.it/y95u5ow6ci271.png?width=1276&format=png&auto=webp&s=e9796444deabcef5e9c07d31a920097c3aaf2362 + +# Friday + +Win Rate: 75% + +P/L: $385.18 + + +https://preview.redd.it/r1idxty9ci271.png?width=1281&format=png&auto=webp&s=5e984057a98a1aacb3daec9e14a76b4887e912fc + +# SPCE Swing Trade + +https://preview.redd.it/nsfewhslci271.png?width=901&format=png&auto=webp&s=aabeafe0afb64141f903512d27ec0435bdb00084 + +# Psychology + +Well, I'm a bit bummed out by this week to be completely honest. I quit my job right when the market started getting very difficult and choppy and this made me extremely hesitant to use more leverage out of fear of blowing up my account, so I stayed away from options and higher leverage trading. By the time I was able to convince myself that the market was just doing well this week, it was already too late. While I still made a decent amount of money, I wish I was able to understand that this was a very giving market earlier on. If so, I certainly would have traded it much more with more leverage. + +Aside from that, this week felt really good. It reminded me that the past few months have been me trying to make it in a poorly performing market and as a beginner daytrader this was extra mentally exhausting. This week served as a reminder that when the market is hot, my strategy could be quite profitable. I know not every week is going to be like this one and I don't expect to have continuous results such as these, but it is comforting to know that I was able to show a great deal of success in a profitable market. + +Finally, I was able to cash out one of my swing trades so the pressure of holding losing positions through the market chaos has eased as well and I have created a little more cushion for myself to take on a little bit more risk. That being said, as much as I know everyone wants to see me use more and more and see if this is possible, I would rather not blow up my account and then my entire journey comes to a close. So I still won't be ramping up my game all that much. Right now my mind is telling me that by Week 16 I should have had all the training I need to be ready to turn the heat up a decent amount more. Until then, I will up it a little bit but nothing crazy yet, so for everyone monitoring this story that wants to see me either make a fortune or lose it all quickly, I'm sorry but you will need to continue to practice some patience. + +When it comes to the psychology of losing trades, I think I have finally completely overcome that. Now when I lose money it means virtually nothing to me. Not in a completely degenerate I don't care kind of way but more in a I'm numb to this because it's part of the job kind of way. + +Hanging on to losing trades is still my biggest and worst mistake. Cutting my losers is something I find very difficult. Even when all the signs point to this is about to move against me, the hopium is just such a powerful drug and is something I am still working on. I have gotten much better at not cutting my winners early, although I still cut them early because that's part of my strategy, essentially to take profits when I see profits and move on to the next trade. I have gotten much better at implementing the last strategy I discussed where I will trade consolidation periods and in the case of a break out I will put the swing trader hat on. + +I have definitely solved the over trading problem. If you have been watching from the beginning of this story you know how much I was trading and how that was hurting me P/L wise. I am now at a point where I am still training but I am now seeking some profitability here. So the days of the 1 share test trades are behind us and I imagine my statistics from here on out should reflect my actual trades instead of a bunch of testing. This still happens from time to time while I am learning TradeStation and come across a feature I'm not familiar with, but it is nowhere near as prevalent as it once was. + +# Software + +I am no longer using TradingView due to my last post and the issues I discussed then. TradeStation is now my entire platform for scanning, charting, and trading. So far, I absolutely love it. There are a few things that I am not happy with but I can't expect to be 100% satisfied with any service I use. Some of these issues are likely fixable and I simply haven't had the time to dig through exactly how to correct the problems I'm having. + +As some of you may know I have danced around different journaling software and have decided to go with TradesViz. I can't even begin to express the level of customer service they have. I started a chat with them trying to figure out why their results were very different from my TradeStation results and the gentleman on the other end (PK) stayed with my on stream for nearly 3 hours troubleshooting. Not only that, but he updated their code to allow the TradeStation CSV file to be imported and to take it a step further I didn't like how the P/L wasn't reflected on the main page per trade and they went ahead and made that change as well. This will be the journaling software that I continue using for the foreseeable future and that being said I should be able to restart my daily updates at this point. + +When I first started using them, I absolutely loved the layout and the charts, not to mention they are a significant bargain compared to competitors. However, the data just wasn't lining up but as I mentioned before that was an issue between TradeStation and TradesViz that is now corrected. + +To summarize: + +TradeStation - Charting, screening, trading + +TradesViz - journaling + +At this point, I am not sure if more software will be needed or if this will be my setup for quite some time. + +# Strategy + +The strategy has not changed since the last post aside from max loss per day which I am increasing to $200 from $100. + +# Week 8 Trades (Again, excluding swing plays) + +&#x200B; + +https://preview.redd.it/ht0prgqbji271.png?width=1029&format=png&auto=webp&s=8ddb5865f897684316a9fb9700649b02a03f5797 + +https://preview.redd.it/ls6veuddji271.png?width=1025&format=png&auto=webp&s=bad68763c134c2e52326b1f948bd8e296139d4f5 + +# Charts and Statistics (Week 8) + +https://preview.redd.it/flzp9qfsgi271.png?width=1326&format=png&auto=webp&s=e226eada9a0acad245248a5f0f781db30cf925cf + +https://preview.redd.it/xnmjk8ougi271.png?width=1327&format=png&auto=webp&s=0ae2c034299172af9001fe1b8a065694ac236997 + +https://preview.redd.it/2d2dulixgi271.png?width=1245&format=png&auto=webp&s=6901063a49d3bb41336f449bd683bfe65a751282 + +https://preview.redd.it/73fgl72zgi271.png?width=1250&format=png&auto=webp&s=8a484a2390b59f2f6a95b11ccc7916671da563a5 + +https://preview.redd.it/u1kgmmb1hi271.png?width=1251&format=png&auto=webp&s=6a4d36f52a9718f1c7a45a4d1e63900f2194c522 + +https://preview.redd.it/vubi0835hi271.png?width=1259&format=png&auto=webp&s=50051f1bb6b21ee0a0df96af6dbe6830e4b19026 + +# Charts and Statistics Overall + +&#x200B; + +https://preview.redd.it/snh813wnhi271.png?width=1332&format=png&auto=webp&s=4dfdb6286177681fd53cacc8a8cc200861b4c833 + +https://preview.redd.it/zqj6o60rhi271.png?width=1333&format=png&auto=webp&s=200a4dc8d6e4fa8a856acf458201f064cba52dfd + +https://preview.redd.it/0hgoncd5ii271.png?width=382&format=png&auto=webp&s=2c4c3ac6351de9a7ce0854a78ce3a3f862a50df8 + +https://preview.redd.it/i56v4j6gii271.png?width=1251&format=png&auto=webp&s=48064ec7f5680e98e90f54a0274d38d7e6586bfd + +https://preview.redd.it/r60t8ushii271.png?width=1248&format=png&auto=webp&s=2fa0d92d5a10bdbb94e0079410d10c373455902d + +https://preview.redd.it/qbtvydpjii271.png?width=1238&format=png&auto=webp&s=31c008c6da71ac87403a023d69056897df453b10 + +https://preview.redd.it/ygufsqulii271.png?width=1228&format=png&auto=webp&s=58cdd32deef604e5702fcdeec39c8e6afca2a3d4 + +**TL;DR:** Things are definitely looking better after cashing out a longer position, I feel a weight lifted off of my shoulders. Having my software very close to completely setup and ready to go, I feel like I am headed in the right direction. I know this previous week was a hot week and I wish I traded it a whole lot more, but that's ok. I have no misconceptions that the market will always be this giving. +Hello, all! + + [Zalesky's 25 Point Mantra](http://www.r-5.org/files/books/trading/schoolbooks/Douglas_E_Zalesky-The_25-point_Mantra-EN.pdf) + +First let me say that I keep getting comments asking more about the story, due to that I posted something on my personal page and that's the last I will say of it. Can we please keep the comments section related to trading, if you have any other questions, comments, or concerns about the entire journey there are other posts for that. Thanks! + +# Key Statistics + +I am providing ranges on some statistics as I am using different journaling software and I am still working through the kinks of providing consistent data. + +Account Net Worth: $64,969.68 + +Overnight Margin BP: $62,815.51 + +DayTrading BP: $170,835.27 + +Percent Profitable: 82% + +Ratio Avg. Win:Avg.Loss: 1.39-1.86 + +Weekly Profits From DayTrades: $606.76 + +Weekly Profits From Closed Swing Trades: $10,457.24 (Note: These gains are not included in my statistics nor are they part of the daytrading story, I wanted to include them so everyone can understand that I have left my job to be a trader, daytrading is a specific vehicle that I am tracking for this journey) + +# Monday + +I didn't do any day trading. A catalyst that I was waiting for on one of my swing trades was met so I spent the day monitoring this stock to make sure it was doing what I thought it was going to do. + +# Tuesday + +Win Rate: 67% + +P/L: $105.83 + +https://preview.redd.it/gyga5bd0ci271.png?width=1280&format=png&auto=webp&s=3d4e808a8bc5a72b0d7c3aa334e0a4dcf05d8059 + +# Wednesday + +Win Rate: 100% + +P/L: $16.16 + +https://preview.redd.it/5x5yuec3ci271.png?width=1282&format=png&auto=webp&s=875a7af9248b4d608dd560d19974e7c5d9fc7fa0 + +# Thursday + +Win Rate: 100% + +P/L: $99.58 + +https://preview.redd.it/y95u5ow6ci271.png?width=1276&format=png&auto=webp&s=e9796444deabcef5e9c07d31a920097c3aaf2362 + +# Friday + +Win Rate: 75% + +P/L: $385.18 + + +https://preview.redd.it/r1idxty9ci271.png?width=1281&format=png&auto=webp&s=5e984057a98a1aacb3daec9e14a76b4887e912fc + +# SPCE Swing Trade + +https://preview.redd.it/nsfewhslci271.png?width=901&format=png&auto=webp&s=aabeafe0afb64141f903512d27ec0435bdb00084 + +# Psychology + +Well, I'm a bit bummed out by this week to be completely honest. I quit my job right when the market started getting very difficult and choppy and this made me extremely hesitant to use more leverage out of fear of blowing up my account, so I stayed away from options and higher leverage trading. By the time I was able to convince myself that the market was just doing well this week, it was already too late. While I still made a decent amount of money, I wish I was able to understand that this was a very giving market earlier on. If so, I certainly would have traded it much more with more leverage. + +Aside from that, this week felt really good. It reminded me that the past few months have been me trying to make it in a poorly performing market and as a beginner daytrader this was extra mentally exhausting. This week served as a reminder that when the market is hot, my strategy could be quite profitable. I know not every week is going to be like this one and I don't expect to have continuous results such as these, but it is comforting to know that I was able to show a great deal of success in a profitable market. + +Finally, I was able to cash out one of my swing trades so the pressure of holding losing positions through the market chaos has eased as well and I have created a little more cushion for myself to take on a little bit more risk. That being said, as much as I know everyone wants to see me use more and more and see if this is possible, I would rather not blow up my account and then my entire journey comes to a close. So I still won't be ramping up my game all that much. Right now my mind is telling me that by Week 16 I should have had all the training I need to be ready to turn the heat up a decent amount more. Until then, I will up it a little bit but nothing crazy yet, so for everyone monitoring this story that wants to see me either make a fortune or lose it all quickly, I'm sorry but you will need to continue to practice some patience. + +When it comes to the psychology of losing trades, I think I have finally completely overcome that. Now when I lose money it means virtually nothing to me. Not in a completely degenerate I don't care kind of way but more in a I'm numb to this because it's part of the job kind of way. + +Hanging on to losing trades is still my biggest and worst mistake. Cutting my losers is something I find very difficult. Even when all the signs point to this is about to move against me, the hopium is just such a powerful drug and is something I am still working on. I have gotten much better at not cutting my winners early, although I still cut them early because that's part of my strategy, essentially to take profits when I see profits and move on to the next trade. I have gotten much better at implementing the last strategy I discussed where I will trade consolidation periods and in the case of a break out I will put the swing trader hat on. + +I have definitely solved the over trading problem. If you have been watching from the beginning of this story you know how much I was trading and how that was hurting me P/L wise. I am now at a point where I am still training but I am now seeking some profitability here. So the days of the 1 share test trades are behind us and I imagine my statistics from here on out should reflect my actual trades instead of a bunch of testing. This still happens from time to time while I am learning TradeStation and come across a feature I'm not familiar with, but it is nowhere near as prevalent as it once was. + +# Software + +I am no longer using TradingView due to my last post and the issues I discussed then. TradeStation is now my entire platform for scanning, charting, and trading. So far, I absolutely love it. There are a few things that I am not happy with but I can't expect to be 100% satisfied with any service I use. Some of these issues are likely fixable and I simply haven't had the time to dig through exactly how to correct the problems I'm having. + +As some of you may know I have danced around different journaling software and have decided to go with TradesViz. I can't even begin to express the level of customer service they have. I started a chat with them trying to figure out why their results were very different from my TradeStation results and the gentleman on the other end (PK) stayed with my on stream for nearly 3 hours troubleshooting. Not only that, but he updated their code to allow the TradeStation CSV file to be imported and to take it a step further I didn't like how the P/L wasn't reflected on the main page per trade and they went ahead and made that change as well. This will be the journaling software that I continue using for the foreseeable future and that being said I should be able to restart my daily updates at this point. + +When I first started using them, I absolutely loved the layout and the charts, not to mention they are a significant bargain compared to competitors. However, the data just wasn't lining up but as I mentioned before that was an issue between TradeStation and TradesViz that is now corrected. + +To summarize: + +TradeStation - Charting, screening, trading + +TradesViz - journaling + +At this point, I am not sure if more software will be needed or if this will be my setup for quite some time. + +# Strategy + +The strategy has not changed since the last post aside from max loss per day which I am increasing to $200 from $100. + +# Week 8 Trades (Again, excluding swing plays) + +&#x200B; + +https://preview.redd.it/ht0prgqbji271.png?width=1029&format=png&auto=webp&s=8ddb5865f897684316a9fb9700649b02a03f5797 + +https://preview.redd.it/ls6veuddji271.png?width=1025&format=png&auto=webp&s=bad68763c134c2e52326b1f948bd8e296139d4f5 + +# Charts and Statistics (Week 8) + +https://preview.redd.it/flzp9qfsgi271.png?width=1326&format=png&auto=webp&s=e226eada9a0acad245248a5f0f781db30cf925cf + +https://preview.redd.it/xnmjk8ougi271.png?width=1327&format=png&auto=webp&s=0ae2c034299172af9001fe1b8a065694ac236997 + +https://preview.redd.it/2d2dulixgi271.png?width=1245&format=png&auto=webp&s=6901063a49d3bb41336f449bd683bfe65a751282 + +https://preview.redd.it/73fgl72zgi271.png?width=1250&format=png&auto=webp&s=8a484a2390b59f2f6a95b11ccc7916671da563a5 + +https://preview.redd.it/u1kgmmb1hi271.png?width=1251&format=png&auto=webp&s=6a4d36f52a9718f1c7a45a4d1e63900f2194c522 + +https://preview.redd.it/vubi0835hi271.png?width=1259&format=png&auto=webp&s=50051f1bb6b21ee0a0df96af6dbe6830e4b19026 + +# Charts and Statistics Overall + +&#x200B; + +https://preview.redd.it/snh813wnhi271.png?width=1332&format=png&auto=webp&s=4dfdb6286177681fd53cacc8a8cc200861b4c833 + +https://preview.redd.it/zqj6o60rhi271.png?width=1333&format=png&auto=webp&s=200a4dc8d6e4fa8a856acf458201f064cba52dfd + +https://preview.redd.it/0hgoncd5ii271.png?width=382&format=png&auto=webp&s=2c4c3ac6351de9a7ce0854a78ce3a3f862a50df8 + +https://preview.redd.it/i56v4j6gii271.png?width=1251&format=png&auto=webp&s=48064ec7f5680e98e90f54a0274d38d7e6586bfd + +https://preview.redd.it/r60t8ushii271.png?width=1248&format=png&auto=webp&s=2fa0d92d5a10bdbb94e0079410d10c373455902d + +https://preview.redd.it/qbtvydpjii271.png?width=1238&format=png&auto=webp&s=31c008c6da71ac87403a023d69056897df453b10 + +https://preview.redd.it/ygufsqulii271.png?width=1228&format=png&auto=webp&s=58cdd32deef604e5702fcdeec39c8e6afca2a3d4 + +**TL;DR:** Things are definitely looking better after cashing out a longer position, I feel a weight lifted off of my shoulders. Having my software very close to completely setup and ready to go, I feel like I am headed in the right direction. I know this previous week was a hot week and I wish I traded it a whole lot more, but that's ok. I have no misconceptions that the market will always be this giving. +I've been looking into the concept of FIRE now that I'm in my late 20s and have to say most success stories I hear/read are all the same and really disheartening. Almost every time the story is "born into rich or financially savvy family" or "I save a bunch from my high paying tech job after going to school for free at an awesome state school. And I lived with my parents. Now I'm a millionaire." + +I work in health care, getting beat up taking care of people everyday, after more thank 70k of student debt because I'm from a state with the most expensive colleges in the country. I'm just looking for FIRE stories of people who are reaching FIRE despite having student debt, being out of work due to covid, and or not in tech. Or maybe these are all signs I should just switch to the tech field. 🤔 +EDIT 1: + +First of all, thank you to everyone who has awarded and commented on this post. Honestly, I thought that only 500-700ish people would read this, so the fact that it got this much traction is a surprise. + +Secondly, I just want to say that this is all speculation based on some research I did into the figures behind the DTCC. There are most likely things I've missed, misunderstood, or got wrong. If I did, then I apologize and want to state that I tried my best with the smooth brain I have to understand the situation and explain it with the information I found. + +Third, I think that based on the comments, the feeling that there's so much more going on underneath the surface that the MSM isn't talking about is something MANY people are feeling. All of this runs deeper than any one of us realizes. I mean, trying to read the DD u/atobitt has been pumping out... I feel like my findings are like finger paintings compared to his Sistine Chapel. But it's a communal effort. If I did contribute to the overall knowledge of this community, if I did uncover some hidden strings that are being pulled, then I'm happy. + +With that being said, I highly encourage you all to keep on digging. Yes, so much information is being tucked away and hidden from us. BUT the edges of the puzzle are there to find. The more people keep putting out DD for these amazing communities to read, mull over, and question, the better. + +So, lastly, thank you to all of the amazing people who have been pumping out DD since January. Thank you to all of you who will continue to put out DD. Thank you to all who comment on the DD and further the pool of knowledge. You have all enriched me, as I hope I have enriched you... and as I know that GME will enrich us. 🚀🚀🚀🚀🚀🚀🚀🚀 + +🦍���🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍 + +Apes strong together + +\--------- + +EDIT 2: + +One other tidbit I saw that I failed to mention because it was a bit off tangent was brought to mind by a comment made by u/Nileliketheriver + +This is my response: + +>This is my cynical answer. Legality doesn't matter if the rules aren't enforced. Take jaywalking. It's illegal and yet I've never gotten ticketed or stopped for it. So, even though it's against the law to jaywalk, I still do it. +> +>That's the thing with all of this. The people involved know the rules, but they also know the people who make the rules and enforce the rules. +> +>Take, for instance, Robert L. D. Colby. He's on the DTCC Board. He's also THE CHIEF LEGAL OFFICER FOR FINRA. +> +>The Financial Industry Regulatory Authority (**FINRA**) is an independent, nongovernmental organization that writes and enforces the rules governing registered brokers and broker-dealer firms in the United States. +> +>So, you have the head lawyer for FINRA on the Board of the DTCC. I think that says it all. + +From Robert Colby's bio + +>Robert L.D. Colby is the Chief Legal Officer of the Financial Industry Regulatory Authority (FINRA), which he joined in June 2012. In this capacity, he oversees FINRA’s corporate and regulatory General Counsel functions, as well as FINRA’s Advertising and Corporate Financing Departments, the Office of Hearing Officers and Dispute Resolution. +> +>Previously, Colby was a partner in the Washington, DC, office of Davis Polk & Wardwell LLP, where he advised on regulatory and compliance matters involving securities and derivatives for financial institutions, markets and clearing organizations. +> +>Before joining Davis Polk in 2009, Colby served for 17 years as Deputy Director of the Securities and Exchange Commission’s Division of Trading and Markets. In that role, he was responsible for the regulation of broker-dealers, securities markets and clearing organizations. Previously, for 11 years he was Chief Counsel of the Division and Chief of the Division’s Branch of Market Structure. + +\--------- + +EDIT 3: + +I just wanted to say something super obvious but that needs to be said. I don't believe that there are any good guys or bad guys in this scenario (except for retail). They're all bad. The only difference is that some will get us our tendies while others will try to take our tendies away. + +\--------- + +This is a follow-up to a DD I posted a few days ago. + +[https://www.reddit.com/r/Superstonk/comments/mmh9jq/why\_is\_the\_dtcc\_taking\_so\_long\_to\_act\_when\_moon/](https://www.reddit.com/r/Superstonk/comments/mmh9jq/why_is_the_dtcc_taking_so_long_to_act_when_moon/) + +Something has been nagging me about what I dug up, so I continued to dig and found some more interesting connections that paint a clear picture of what's going on behind the scenes in the DTCC, + +TL;DR + +There's a battle going on for control of the DTCC that is pitting the Citadel team against the JPM/BOA team. + +\--------- + +**RECAP PREVIOUS POST** + +As I wrote in my previous post, every 3 years the DTCC has a STOCK REALLOCATION. Based on the previous year's usage of DTCC resources, the MANDATORY PURCHASER PARTICIPANTS must purchase a proportionate amount of shares. These shares determine the voting power that will be used to elect the board during the yearly shareholder meeting. + +Just like politics, the more money you have, the more you can influence the outcome of the election, which means that you will have more influence over the direction and decisions of those in power. + +\--------- + +**PART 1: Board Leadership Changes** + +The last time the STOCK REALLOCATION occurred was 2018. This led me to look at the DTCC Board for 2018, 2019, and 2020. + +[**https://www.dtcc.com/annuals/2018/index.html#/leadership**](https://www.dtcc.com/annuals/2018/index.html#/leadership) + +[**https://www.dtcc.com/annuals/2019/leadership**](https://www.dtcc.com/annuals/2019/leadership) + +[**https://www.dtcc.com/about/leadership/board**](https://www.dtcc.com/about/leadership/board) + +Between 2018 and 2019, there was no change on the Board. It stayed exactly the same. During 2020, however, 3 members were replaced. + +**OLD MEMBERS:** + +\-Michael Herskovits (Morgan Stanley) + +\-Joseph A. Molluso (Virtu Financial/JP Morgan) + +\-Emily Portney (BNY Mellon) + +**NEW MEMBERS:** + +\-Debbie Cunningham (Federated Hermes - Largest Owner of shares is CITADEL) + +\-Craig Messinger (Virtu Americas - Same as Virtu Financial) + +\-Andrea Pfenning (BNY Mellon) + +\--------- + +**PART 2: Board Leadership Allegiances** + +Going further into the Board's bios, I found very specific connections between the members and a lot of the groups at play in the GME story. + +\-Robert L.D. Colby: FINRA CLO: 2012 - Present + +\-Shawn K. Feeney: Citi: 2013 - Present + +\-Claudine Gallagher: JP Morgan: 2002-2012, BNP Paribus + +\-David S. Goone: OCC, DTC, Intercontinental Exchange: 2015-Present, Singapore Mercantile Exchange (FUTURE DATE) + +\-Kieran Hanran: JP Morgan + +\-Lori Hricik: JP Morgan + +\-Pinar Kip: State street, PWC: 2006-2011, BOA: 2002-2005 + +\-Kathleen B. Lynch: UBS Americas, BOA/Merrill Lynch: 2012-2013 + +\-Raj Mahajan: Goldman Sachs + +\-Graeme McEnvoy: Morgan Stanley + +\-Joseph Noto: Barclays International: 2017 - Present, Citadel 2015-2017, JP Morgan: 2009-2015, Bear Sterns: 2003-2008 + +\-Ann N. Reese: Genesee & Wyoming Inc (Citadel has interests in this:[ https://www.insidermonkey.com/blog/heres-what-hedge-funds-think-about-genesee-wyoming-inc-gwr-739208/](https://www.insidermonkey.com/blog/heres-what-hedge-funds-think-about-genesee-wyoming-inc-gwr-739208/)) + +\-Paul Simpson: BOA + +\-Joseph Weinhoffer: Mitsubishi UFJ Securities (ties to Morgan Stanley), Morgan Stanley, Merrill Lynch and Bank of New York + +\-Debbie Cunningham: Federated Hermes, Inc.(**Citadel:** [**https://fintel.io/so/us/fii/citadel-advisors-llc**](https://fintel.io/so/us/fii/citadel-advisors-llc)**)** + +Craig Messinger: Virtu Americas, BNY Mellon + +Andrea Pfenning: BNY Mellon + +Looking at this list, you can see that the board consists of certain allegiances. Below is a VERY ROUGH guess of what it looks like. + +JP Morgan - 4 + +BOA - 3 + +Citadel - 3 + +Morgan Stanley - 2 + +BNY Mellon - 2 + +Virtu - 2 + +Goldman Sachs - 1 + +Citi - 1 + +State Street - 1 + +UBS - 1 + +\--------- + +**PART 3: Lost Influence/Gained Influence** + +During the Board changes from 2019-2020, JP Morgan and Morgan Stanley lost one member each who was a potential ally. At the same time, Citadel gained one member on the Board. + +Now, I'm trying to remember where I heard this... maybe it was during the second GME Hearing, but I think that Citadel was trying to become a bank but it failed. Oh wait... that happened. + +[https://dealbook.nytimes.com/2011/08/11/citadel-chief-gives-up-dream-for-investment-bank/](https://dealbook.nytimes.com/2011/08/11/citadel-chief-gives-up-dream-for-investment-bank/) + +Why was Citadel trying to become a bank? My guess is to gain more power/influence. + +Looking at the DTCC Board, it's clear that the BANKS are the ones in control. They have the greatest influence on the DTC, NSCC, ICE, FICC... I mean, it's just crazy how deep their tendrils go. + +Maybe that's why Citadel welcomed the break up of wall street banks. + +[https://www.thestreet.com/investing/stocks/citadel-s-griffin-welcomes-the-break-up-of-wall-street-banks-14112108](https://www.thestreet.com/investing/stocks/citadel-s-griffin-welcomes-the-break-up-of-wall-street-banks-14112108) + +[https://www.cnbc.com/2013/11/12/citadels-ken-griffin-would-break-up-big-banks.html](https://www.cnbc.com/2013/11/12/citadels-ken-griffin-would-break-up-big-banks.html) + +Since Citadel's tactic of becoming a bank to gain more DTCC influence failed, they tried to go about it in another method. Growing so big that they use as much of the DTCC resources as possible in order to gain more voting power install Board members who will favor them. I also have no doubt that they have deals with MPPs and VPPs (please read the first post for info on this) to help their cause. + +\--------- + +**PART 4: Who AGAINST Who?** + +Right now, there's an important war going on inside the DTCC, and the battleground is GME. So, who are the teams in this epic saga? + +According to this[ old post](https://www.reddit.com/r/GME/comments/mebjlr/why_did_the_dd_get_deleted/), one guess is that the teams are arranged like this: + +**TEAM GME (OR TEAM ROCKET, BECAUSE** u/KlausInTheHous **ASKED)** + +Retail, Vanguard, Morgan Stanley, Blackrock, Maverick Capital, Senvest, State Street, D.E Shaw + +**TEAM SUCK BALLS UNTIL YOU CHOKE** + +Melvin, SIG, UBS Group, Group One Trading, Jane Street Capital, Citadel, Citibank, Wolverine Trading, Maplelane Capital + +I'm adding Virtu Financia/America and Susquehanna to this group because of[ this post.](https://www.reddit.com/r/Superstonk/comments/mlf82b/the_missing_citadels_frenemies_pfof_michael/) + +\--------- + +**PART 5: BOA & JP Morgan Institutional Investors** + +When you dig into who has a vested interest in these two banks and compare it to PART 4's teams, something becomes illuminated. + +[BOA](https://finance.yahoo.com/quote/bac/holders/) + +&#x200B; + +https://preview.redd.it/lxgc8t2pqks61.png?width=638&format=png&auto=webp&s=dad4124bde3e6bb1202e78cfdebde6a7de4a31d3 + +[JP Morgan](https://finance.yahoo.com/quote/JPM/holders/) + +&#x200B; + +https://preview.redd.it/jwypeatpqks61.png?width=646&format=png&auto=webp&s=aa69cae43d39c575092ada129b38c69fe2ae0a74 + +I know that the last date was 12/30/2020, but I think that the info is still relevant to my point. + +[GME Institutional Holders](https://www.reddit.com/r/Superstonk/comments/moea4e/i_built_a_small_app_to_display_sec_institutional/) + +&#x200B; + +https://preview.redd.it/7wif4ecqqks61.png?width=625&format=png&auto=webp&s=8510d9d832d1652a5d8888d0506e9ff1ea664421 + +Vanguard, Blackrock, State Street, FMR, Morgan Stanley, Geode Capital... they're all on the GME rocket. And the one's shorting it: Melvin, SIG, UBS Group, Group One Trading, Jane Street Capital, Citadel, Citibank, Wolverine Trading, Maplelane Capital, Virtu Financial/America, and Susquehanna. + +The only group shorting GME with a long position is Susquehanna, and look at how much their position changed. + +\--------- + +**PART 6: Going Back To The (Drawing) Board** + +When you take part 5 into consideration, you can see that there is a HIGH likelihood that the DTCC Board is drawn up like this. + +**TEAM (ROCKET) GME** + +JP Morgan, BOA, Morgan Stanley, State Street, Goldman Sachs - 11 + +**TEAM SUCK BALLS UNTIL YOU CHOKE** + +Citadel, Virtu, Citi, UBS - 7 + +**TEAM UNKNOWN** + +BNY Mellon - 2 + +\--------- + +**PART 7: IT'S CONJECTIURE TIME!** + +So, why are all these DTC, FICC, NSCC, ICE, and OCC (There's an OCC Board member on the DTCC Board, that's the connection) rules and regulations passing right now? Why is there such a rush to get things done? + +My guess is that TEAM (ROCKET) GME is in control. They're pushing these new rules and regulations. BUT, TEAM SUCK BALLS UNTIL YOU CHOKE is trying to gain more power and influence in the DTCC. With all the dates I mentioned in my[ other post](https://www.reddit.com/r/Superstonk/comments/mmh9jq/why_is_the_dtcc_taking_so_long_to_act_when_moon/) coming up, things are getting down to the wire. + +It's clear that when you look at what's going on with the DTCC Board along with what's going on with GME, there are major forces at work behind the scenes that directly influence what will happen with us, the lowly retail investor. + +AND GME IS THE CATALYST THAT WILL SET THINGS OFF ONE WAY OR ANOTHER. + +\--------- + +**PART 8: PREDICTION TIME** + +So, the biggest question on everyone's mind is most likely, "Will rocket go BRRRR????" + +From the rules and regulations that are coming out, I'd say that team (ROCKET) GME is still in control. They want the rocket to go BRRRRR so that TEAM SUCK MY BALLS will go under and lose their ability to vote for the new DTCC Board and further increase their influence. + +\--------- + +**PART 9: BONUS TIME... Why JP Morgan Wants To Decimate Citadel & Have Control Of The DTCC... THIS IS EXTREME TIN FOIL HAT TERRITORY** + +This is random AND COMPLETE SPECULATION, but I didn't want to write another post. According to[ this post](https://www.reddit.com/r/Superstonk/comments/mo6i57/speculative_dddiscussion_who_will_ultimately_take/), there is some speculation that the NSCC might go bankrupt when GME moons. At first, that sounded wayyyy too far fetched... until I saw this rabbit trail of ideas. + +1.[ Paxos Has A Solution](https://www.paxos.com/what-lehman-brothers-gamestop-and-the-next-financial-crisis-have-in-common/) + +&#x200B; + +https://preview.redd.it/kta6b185rks61.png?width=589&format=png&auto=webp&s=ae3463eac741f317b0dffce4e659d0b4440912e0 + +&#x200B; + +https://preview.redd.it/lcj928u5rks61.png?width=583&format=png&auto=webp&s=74e80069746567dcd2e5b7632621652c356a8ff8 + +2.[ JP Morgan Is Pro-Blockchain](https://www.jpmorgan.com/solutions/cib/investment-banking/corporate-finance-advisory/blockchain) + +&#x200B; + +https://preview.redd.it/fgv9f5v7rks61.png?width=866&format=png&auto=webp&s=d36aa34cbd1cec0c52eb0c240af1b27b8439e3a3 + +3.[ JP Morgan Is Looking For Crypto Help](https://www.theblockcrypto.com/daily/82334/jpmorgan-digital-asset-custody-subcustody) + +&#x200B; + +https://preview.redd.it/f32mjyk8rks61.png?width=790&format=png&auto=webp&s=17eb49b95639d55ef344c157935b45914de519c7 + +4. [Paxos Wants To Replace The NSCC](https://www.paxos.com/what-lehman-brothers-gamestop-and-the-next-financial-crisis-have-in-common/) + +&#x200B; + +https://preview.redd.it/013lrm7irks61.png?width=549&format=png&auto=webp&s=d99fbb57e041f3057e21d27b315f4ed0631555df + +5. [Citadel Is Bearish On Blockchain](https://www.coindesk.com/citadel-ceo-ken-griffin-says-he-doesnt-know-how-to-think-about-bitcoin) + +&#x200B; + +https://preview.redd.it/zrtlbefwrks61.png?width=758&format=png&auto=webp&s=e82974560555988ebe1fbe0f0da34b8596ecbebb + +Maybe this is why JP Morgan wants to bankrupt Citadel. If JP Morgan can gain control of the DTCC, maybe they can push Paxos (or even their own blockchain) to replace a bankrupt NSCC? + +EDIT 4: + +u/iamjustinterestedinu made this comment + +&#x200B; + +>Couple of days ago, another OP found that Paxos firm, and Paxos is already in a trial with the SEC for limited stock tickers to achieve a T+0 performance hence near realtime settlement of a trade, thus no longer needing the existing (costly) intermediates. +> +>Trades on a blockchain will be less expensive, faster and cannot be manipulated as dark pools (settlement within a firm) can't exist no longer as these cannot be added to a blockchain without consent of the blockchain. +> +>(OTC trades might still exist imho because of the same reason those exist today, not influencing a market unnecessary, the total volume added to the blockchain to complete the day) + +&#x200B; + +EDIT 5: + +u/kn347 made this comment + +>Paxos actually already got a letter of no action from the SEC (meaning the SEC looked at the action Paxos applied to take and said they wouldn’t get fined for it) — [https://www.securities.io/paxos-application-for-no-action-letter-from-sec-a-success/](https://www.securities.io/paxos-application-for-no-action-letter-from-sec-a-success/) +> +>It was to perform the first blockchain based transaction completely free from the NSCC system, and they just did that with **Credit Suisse** and and Instinet **Nomura**, reported by CNBC a few days ago on April 6th: +> +>[https://www.cnbc.com/video/2021/04/06/paxos-completes-t-0-settlement-for-credit-suisse-and-instinet-nomura.html](https://www.cnbc.com/video/2021/04/06/paxos-completes-t-0-settlement-for-credit-suisse-and-instinet-nomura.html) +> +>Wonder what that transaction was.... on the blockchain and not through the regular NSCC system 🧐 + +&#x200B; + +EDIT 6: + +Found this article: [https://realinvestmentadvice.com/bye-bye-brokers-hello-blockchain-technology/](https://realinvestmentadvice.com/bye-bye-brokers-hello-blockchain-technology/) + +>To help you appreciate why intermediaries will try to block the economic benefits of tokenization, consider Ken Griffin. His equity trading firm, Citadel, handled about a quarter of all trading volume in U.S. equity markets last year. +> +>Per Bloomberg: “*The trading operation, which is separate from Griffin’s hedge fund business, generated $3.84 billion of revenue in just six months, more than the $3.26 billion for all of 2019, according to a presentation to investors. Net income was $2.36 billion in the first six months of 2020, compared with $982 million for the same period a year earlier*.” +> +>The enormous profits from Citadel’s equity trading operations are almost entirely risk-free! + +&#x200B; +I entered this sub about a month ago and listened to some of you guys with your trading IPO's and what your thoughts were + +Ive lost money on every single IPO that this sub has recommended + +On the other hand, on every other IPO that i have personally picked through my own strategy i have made money + +Just leaving this here because i really think r/pennystocks has no clue what they are talking about and everyone here is just guessing on stocks without doing any research whatsoever to back themselves up + +Edit: u/CaptainWeee is the only exception +Here we are. Right here and right now is exactly what RC meant in that first earnings call. + +If he thought it was gonna be a straight shot to the moon, he would have said "strap in" or something similar. But no, he said specifically to "buckle up" because there's no version of this that wasn't going to be a bumpy ride. For your own safety, buckle up buttercup. + +Starting to see people get thrown off and panic just makes me more excited. This drama has played out exactly as billed. I've got no regrets and neither should any of you. +Currently 31 in FAANG as a manager. + +&#x200B; + +TC with spouse: 650. Save about 300k every year. Currently have 3M. Fire number is 5M. Should easily hit that in the next few years. + +&#x200B; + +I want to quit at 40 or so. I am pursuing my pilots license. What can I do now to pick a job at 40 that will let me travel the world? +This is a quote from [this article](https://coinjournal.net/coinbase-co-founder-lack-incentives-may-become-major-issue-bitcoin-ethereum/). Reminds of posts on here saying that we (as ETH holders) have been funding ICOs too heavily. It has definitely made me reconsider investing in a few of the interesting ICOs I've seen lately. + +Another interesting quote from the article here: +>Ehrsam believes that the migration of blockchain developers to the ICO and commercial markets will become a serious issue in the upcoming months and years because, without proper economic incentives, core developers of blockchain projects will not be motivated to dedicate themselves to non-profitable development. Commenting specifically on Ethereum development, Ehrsam noted that in order for Ethereum developers to contribute to the main blockchain and become incentivized by doing so, developers need to finance themselves by holding Ether or joining the Ethereum Foundation. But, neither of those options can provide financial stability for developers whereas running ICOs for blockchain projects can lead to multi-million dollar profits. + + +Good morning Apes + +Expect fuckery. This is a CRAZY week on the options side. The hedgies absolutely cannot lose control of the price this week, they will use every trick and cheat that exists this week. + +I don’t think this is a week where anyone is worried about max pain. This is a week where hedgies just need the price as low as they can get it to avoid those call options going ITM. The delta hedging could start to form a terrifying gamma squeeze if these call options started getting ITM. + +That dark pool buy / open market sell trick. Yeah, they are going to keep doing that. They have too. They probably have dozens of tricks apes haven’t even noticed yet. They will all be in play this week. + +The options market is where to watch the fight this week. And it’s already growing. + +I made a post here [https://www.reddit.com/r/Superstonk/comments/mowgh9/faking\_a\_squeeze\_would\_backfire/](https://www.reddit.com/r/Superstonk/comments/mowgh9/faking_a_squeeze_would_backfire/) on Sunday, where I fortunately was tracking option numbers. + +We already see some major changes in the numbers + +On Sunday the numbers were + +200 5,197 calls + +250 4,232 calls + +300 4,986 calls + +350 2,379 calls + +400 4,858 calls + +500 6,645 calls + +600 5,273 calls + +800 33,300 calls + +This morning the numbers are + +200 7,738 calls (+2500) + +250 6,335 calls (+2100) + +300 6,974 calls (+2000) + +350 3,044 calls (+600) + +400 5,944 calls (+1100) + +500 8,333 calls (+1700) + +600 5,265 calls (not much change) + +800 40,208 calls (+7000) + +That’s an extra **17,000 call** contracts since Sunday on just those 8 strike prices. And if you look lower, starting at 150, there are at least 1,000 calls on every strike price up to 200, except 155 and 195. + +And remember when dealing with call contracts, each one represents 100 shares. So that is 1.7 million shares that are represented in those extra 17,000 call contracts. Those 8 strike prices currently represent almost 8.4 million shares that would need to be hedged by option sellers to remain delta neutral. + +So expect the price to do some crazy shit this week. The hedgies will be trying to tank the price as much as possible. If there truly are long whales in play (looking at the option chains it’s possible) they aren’t betting on a max pain week. Those options were placed to fly. + +No one is looking at max pain this week. The option chain this week is INSANE. This is not a normal options week. Next weeks highest call count is 4,757 at 800 (sigh, come on guys). The next highest is 1,198 at 300 then 1,124 at 200. + +I’m not saying play in contracts (if you don’t know how they work intimately, it’s best to avoid), I’m not saying YAY gamma squeeze. I’m not expecting anything until someone makes the hedgies play by the rules. I’m just saying that they are going to cheat like crazy this week, because they are looking at a terrifying option chain that could pre-launch this thing into margin call territory. + +None of this is financial advice, just an ape who likes looking at numbers. +The house I live in is owned by person A. Person A's income increased considerably the last financial year and with it, his due taxes. So this year, he asked me if I could pay the rent to Person B instead, renew the lease in Person B's name and give his PAN card for my own tax deduction purposes. Person B may or may not be blood related to Person A. I'm not sure. + +1. Is this still a legal way to reduce one's lax outlay? +2. The house is registered in Person A's name. Can the lease be made in Person B's name? +3. I do not gain any monetary benefit from this transaction. But Person A does. Could I attract any penalty if this is shady and goes to scrutiny? +4. I may not be asking the right questions - Any other info would be appreciated. +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) +Seems likely with the futures showing down more than 2% on the news of the build back better plan not having votes and omicron variant still gaining steam that today may be a good buying day. + +Anyone looking for specific buys today? My portfolio already has more positions than I'd really like so I'll mainly just be looking for sales on companies I already own. +Just thinking about this makes me smile. This sub deciphering RC's tweet and possible meaning has been a highlight for me this year. So many theories! One thing is sure though, RC lurks here, all the time. He's talking to us in our own ape language, something MSM and shills always fail to do. And what has he been saying lately? + +\- It takes money to **BUY** whiskey + +\- What to do, **HOLD** or HODL? + +\- **D**r. **R**uth **S**ex for dummies + +BUY. HOLD. DRS. It's all there. Then again you all know this already! +I just wanted to say thank you to this community and the support you all have shown me. +I was just a shitposter/lurker on SS for quite a long time, Didn't say a whole lot - same with twiter. + +On Twitter I was just a Ken Griffin parody account trolling around for fun. +I'm beyond speechless at the reception I've received from the community I've HODL'd with for so long + +Thank you SO much - I have lots of big plans, maybe even a ..game? :) + + +From the bottom of my heart, I truly believe that hedgies r indeed fuk - I can't say enough how incredible Gamestop's Blockchain team is, what a wonderful bunch of individuals that listen to the creators and the community + +&#x200B; + +WE ARE IN GOOD HANDS. + +Thanks Stonk + +&#x200B; + +\- Ordinary Adam +My thoughts are that this year will be a tough one for QQQ. Inflation is a real threat, and there is real concern with the feds, which has an inverse reaction to the ETF. We are looking at four times this year where interest rates will go up, which will negatively impact QQQ holders. + +As a long time QQQ holder and CC writer, I am looking to shelf it this year, and focus on other ETFs like XLF. I may still buy Leaps on Apple and MSFT, but my positions will be not more than 15% of my portfolio. Financials and Insurance are not sexy, but it may be the safe bet in 2022. + +Thoughts? + +Edit: Topic is more focused on CC writer, so PMCC strategy. Apologies for the confusion. +I will continue to buy QQQ and SPY shares into my long term investment account. +As the title says...This is the start of what we've all been waiting for as shareholder/owners of GME...the launch of the new marketplace...but there is still work to do. In my humble non-financial-advisory-opinion, direct registration of the float is still the greatest thing that can happen with GME...to put an end to the illegal market practices of some very short and very shitty Hedghogs out there. + +Until the world knows that ALL of the legal shares of our shared and beloved corporation are pulled back to the transfer agent (ComputerShare), and registered in the individual owners' names, the fuckery will continue, and I for one don't wish to see one more day of it than necessary. Criminals will be criminals, and they absolutely will not stop until they are forced to. The WAY hasn't changed. + +DRSing now, personally, gives me hope for the future of not just GME, and other shorted securities, but in the idea of free markets as a whole, and the abolition of blatant criminal activities by those who make the law, and supposedly hold the world up to those standards. + +♾💕🚀♾ +And what should buy pressure do? + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Every broker that handed out IOU’s opened themselves to 3x the risk. You could at least make them go buy them for realsies. + +The time to expose this shitshow is the greatest time to be alive. Expect crime. Don’t risk more than you can lose. DRS your shit for your shareholder rights. + +Edit: Maybe I’m forming wrinkles, but even if shares are not ‘bought’ by brokers, they still have to go out and balance their ledgers instead, which ultimately means going to remove shares from the DTCC. +Not sure how well known this tool is, but it's a tool on the money saving expert site that lets you compare, as a guide, what entering different job titles on your car insurance could cost you. + +Me as an example, I'm a tech consultant which is a very broad title - there are variations of the available list of job titles that would all fit as my 'job title' due to many aspects of my role. I could fit into IT consultant, project manager, management consultant, etc... And they carry different premiums for insurance purposes + +I'm sure there are many acceptable variations for your jobs as well. This tool can help you find the best one to use when signing up for car insurance - **as long as the job title you pick is actually truthful.** + +[https://www.moneysavingexpert.com/insurance/car-insurance-job-picker/](https://www.moneysavingexpert.com/insurance/car-insurance-job-picker/) +Is Twitter not a guaranteed 8-10% profit right now? + +Basically just like the title says. Now that Elon’s purchase of Twitter is official, we know that he is going to be paying out to shareholders $54.20 per share and Twitter is currently trading right around $50/share. Is it not guaranteed profit to just buy stock at or around $50/share and wait for your payout of roughly ~$4.20 per share at $54.20/share? + +Is it simply because we don’t yet know when the payout will take place? Because if it takes a year+ for example, then that makes sense because the returns aren’t as great the longer the buyout takes. + +Anyway just curious if I am missing something here. Thanks! +Back in february when the whole GME hype started, I saw a couple threads popping up that the Dogecoin comminity is planning to rise as well. It was too late for me to invest in GME as it already spiked, so I tried my luck with Doge and bought at 0.05€ for 50€. Not to be too risky with my first investment ever... 2 months later I cashed out (a bit too early) and made about 180€. So my total wallet was now €230, which I planned to invest in Doge again once the price dropped. + +Luckily the price stayed up and I realized that if I'd put my money back in Doge, I would only lose. Either the price stays up and I end up with less doge than I initially had or I buy when the price drops and end up with less € if it continues to drop. + +So I started looking for alternatives to invest my winnings. I searched for other "cheap" coins, that had a lot of potential to grow, by reading this subreddit and came across VET and ADA. I gained some confidence by profiting from the doge investment and deposited another €500 into my wallet. I put €300 into VET and 350€ into ADA. I might put the remaining €80 back into Doge. It's an unpredictable meme after all, so who knows what happens. + +I'm planning to create a more diverse portfolio if my current investment works somewhat out. Doge might not be the most popular among the altcoins in this sub, but it was a great starting point for me and made me interested in other crypto currencies. I also want to thank this community for being insightful, helpful and welcoming to crypto newbies. +In light of the news we are seeing where several banks are no longer permitting their credit cards being used for anything crypto related, here is a classic example of why they are doing it: + +>bitconnected1369redditor for 2 days [score hidden] an hour ago + +>I bought bitcoin at about 17k on its way up. Am I worried? No. I believe in the technology and I believe believers will be rewarded handsomely. I bought it on my credit card through Coinbase and had planned the repayments would be paid out of bitcoin profits. First payment due in a couple of weeks and I believe we will start to rise up before then. If we don’t, I can always sell a little bit of the crypto to make the minimum payment. + + +https://www.reddit.com/r/Bitcoin/comments/7v5ydz/daily_discussion_february_04_2018/dtrtlkh/ + +I hope that guy does not take too much of a hit, but this does remind me of when the SEC started with the PDT rule back in 2001. + +Everybody is going to hate it, but its going to save a lot of people from a lot of pain in the long run! + + +As the title says….A lot of transactions haven’t even started to settle and brokers are furiously looking for shares across the globe…trading is stopped until the dust settles and some squeaky wheels are wondering wen moon? + +Move your expectations out. If we don’t see some positive price action in several months then I’ll start asking questions but until then, this action should be exactly what was expected… + +SHFs are fighting for their lives, this is a giant Market Maker in a corner fighting with everything they have, remember they essentially have been given freedoms to naked short by the government, and people are expecting them to go out easily. + +Refocus your expectations and realize this isn’t going to be as easy as a split dividend. There will most likely need to be other plays, like an NFT dividend a spin off company, a major acquisition, locking up the float, etc…and most importantly a profitable company, and most likely all things together for a company like Citadel to be put out of its misery. + +So realize the battle may just be starting and recalibrate your expectations. + +Buy, HODL and, Register + +💎🙌🌚🚀🦍 +Have you heard of Max-D? No, nor had I. I searched for ‘naked short selling’ through EDGAR (SEC’s public database’ and amongst all of the filings, I stumbled upon their wonderful little company. + +What makes them so special? Why even bother with a post? Well, they were subjected to manipulative stock trading that was driving their share price into the ground, much like the attempt on GameStop. However, like overstock, this company fought back hard. The went public to expose the naked short selling with figures and number to prove just how bad it was. + +**Rather than a long TL;DR at the end, I’ll be posting recap summaries throughout. You should be able to follow the entire post reading these summaries… I hope. The whole thing is a good read, I promise!** + +*As always, if any information or interpretation is incorrect, help me correct it! I'm happy to edit accordingly!* + +# _______________________________________________________________________________ + +# Background – + +**June 14, 2018 – 19.09pm ET** + +&#x200B; + +*Max Sound Corporation (OTC:MAXD) and its Shareholders are being continuously victimized by Manipulative Trading Practices and Abusive Naked Short Selling orchestrated by Knight/Virtu (NITE), Cantor Fitzgerald (CANT), Canaccord Genuity (CSTI),* ***Citadel*** *(CDEL) and eTrade/G1 (ETRF) for the past three years with the objective to systematically lower the MAXD share price by selling billions of counterfeit shares that generate enormous free money for the market makers who have no intention of ever covering a short position. In fact, they have paid bashers that spew lies and libel wherever legitimate shareholders congregate.* + +*Yesterday the Company reported that it had engaged a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance related to substantial naked short selling of its stock.* + +*Max Sound has now registered complaints related to these activities with the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA).* ***The Company encourages MAXD investors and shareholders who believe they have been harmed, to file complaints as well. Remember, the value is being stolen from your investment, only because well-organized criminals are able to operate with absolute power, unmonitored inside the industry that handles, manages, trades and ultimately steals the total value of your asset.*** + +&#x200B; + +**This is a direct statement. The gigantic titanium swingers these mofos have. I guess I’m not surprised Citadel are in there. Though things continue to get REALLY interesting…** + +&#x200B; + +&#x200B; + +**June 14, 2018 – Earlier the same morning – 08.49 ET** + +*Max Sound Corporation has engaged a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance related to substantial short selling of its stock. Regulation SHO requires bona-fide market-making activities to include making purchases and sales in roughly comparable amounts.* + +So you’re being naked shorted right into the ground. You feel helpless and have nowhere to go. What do you do? You bring in the experts and that is exactly what they did. + +*The Securities and Exchange Commission has stated that bona-fide market-making DOES NOT include activity that is related to speculative selling strategies for investment purposes of the broker-dealer and is disproportionate to the usual market making patterns or practices of the broker-dealer in that security. Likewise, where a market maker posts continually at or near the best offer, but does not also post at or near the best bid, the market maker's activities do not qualify as bona-fide market making. Moreover, a market maker that continually executes short sales away from its posted quotes is not considered to be engaged in bona-fide market making* + +Ape talk – The SEC has stated market-making can’t be genuine if they’re ‘shorting away from its’ posted quotes’, missing bids from the buy side every now and then, whilst the sell side ALWAYS has something there, or diverts away from its’ regular market making patterns. (Sound familiar?) *This is my interpretation. My knowledge on market making is little, so if anyone can add a better easy explanation, I’ll be happy to add.* + +&#x200B; + +&#x200B; + +**So let’s take a break here and recap.** + +MAXD are a company that were fully aware that they were being shorted (also naked) into the ground. They hired some experts in the field to take a look into the trading and market making activities for compliance. What they found was…. + +&#x200B; + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Did they comply? + +&#x200B; + +*MAXD market makers have been monitored daily for compliance with Reg SHO and Fair Market-Making Requirements.* *Here is a trading analysis of MAXD.* + +*BuyVol = real buyers at offer.* + +*SellVol = real sellers at bid.* + +*ShortVolume = short sale trade identifiers for both EXEMPT (market makers)* + +*NON-EXEMPT (everyone else) shorts sales.* + +***The short selling as a percentage of daily trading volume in MAXD by your firm is abnormally high; the market-making math related thereto does not reconcile and is not at all compliant with Federal Securities Laws*****.** + +*As is common during these orchestrated short selling campaigns, bad actors with no real interest in MAXD’s success, or any small public company for that matter,* ***has consistently engaged in false accusations and libel on the Company’s stock chat boards in attempts to scare and demoralize MAXD’s legitimate shareholders****. It is noteworthy that as soon as Max Sound sent this report to the market makers perpetrating the naked short sales on the company, the bad actors disappeared at least for the time being..* + +&#x200B; + +**Acknowledging the shills, reporting the shills and then telling the shorts that they know. I’m beginning to love these people more and more.** + +**Recap – The experts took a peek behind the curtain and did the math on the market making activity. They concluded that there was absolutely no way that they could be complying with federal securities law. They also found shills in their message boards and compiled a report highlighting all of this. This forced the shorts to back off for a small while.** + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +# The data + +&#x200B; + +This is the thick of it. MAX-D just didn’t publicly state all of this was happening. They posted clear numbers detailing how and **WHO.** ***I’ll continue to quote their statement and break it down further. Buckle up.*** + +&#x200B; + +*We have analyzed the last year of daily short volume data and correlated it to recent market making activity in MAXD.* ***In 27 of the past 31 trading days, 87% of the time, the combined selling and short selling in MAXD has far exceeded the amount of buying (See NetNet column below).*** ***Market makers, by definition, are required to PROVIDE LIQUIDITY not extract or remove liquidity****. The math provided below demonstrates that instead of matching orders, market makers, Knight/Virtu, Cantor Fitzgerald, Canaccord Genuity, Citadel, eTrade/G1 are heavily shorting MAXD stock BOTH on the offer and on the bid, which by definition means they have a “speculative short selling strategy” running on MAXD. They are carrying net short positions overnight and continuing to claim the market maker’s exemption, which is in VIOLATION of the Fair Market Making Requirements of Regulation SHO.* ***We are able to mathematically prove this because there is not enough BuyVol (buy volume) to match the amount of selling and short selling. The chart below identifies the top 5 market makers, in MAXD for May 2018 (highlighted below) accounting for 2,257,870,595 shares of trading, or 88.22% of total trading volume in May.*** + +&#x200B; + +&#x200B; + +**Ape talk/Recap – There was lots and lots of short selling from many market makers. They continually claimed their exemption to naked short sell, which is a violation of regulation SHO. Better yet, they could mathematically prove it…** + +&#x200B; + +&#x200B; + +*Total Volume* *Name* + +*(Last Month)* + +*643,662,180* *Knight/Virtu,* + +*154,447,100* *Cantor Fitzgerald,* + +*203,762,081* *Canaccord Genuity,* + +***769,731,954*** ***Citadel, - These fuckers yet again*** + +*247,276,817* *Trade/G1* + +*Highlighting these Market Makers abusive activities in-concert with each other for just the one month of May, allows regulators, the SEC, FINRA, the U.S. Attorney as well as the media to easily identify the manipulative trading activity and counterfeiting of MAXD shares engaged in by their traders for the past year and well beyond. When overlaid for the entire year (back to June 1, 2017) the math is shocking. 8,117,878,650 total shares have been shorted representing in excess of 40% of MAXD’s total trading volume and it demonstrates that these market makers have knowingly participated in manipulative trading practices and counterfeiting of MAXD shares.* + +We provide the following data in this report: + +DAILY TOTAL SHARES SHORTED (volume and price), which includes all shares shorted even by exempt institutions such as market makers. + +FAILURES TO DELIVER (naked shorts). + +MARKET MAKER SHARE VOLUME (exposing exactly how many shares are being traded and the name of the market making firm traded through). + +MARKET MAKER DATA (showing whether or not a fair market is being made in each trading day). + +CUMULATIVE TOTAL SHARES SHORTED data showing large short positions and the volume weighted average price that a short squeeze will start. + +&#x200B; + +&#x200B; + +https://preview.redd.it/xlb7iptlo1571.png?width=568&format=png&auto=webp&s=4f83254f4d02b5f4996ab05191a6937bc1cc1b73 + +&#x200B; + +https://preview.redd.it/kdft08vmo1571.png?width=555&format=png&auto=webp&s=ec83f53d39b609f687ef86a37103320504121f3e + +&#x200B; + +**Recap – They proved mathematically that the game was rigged and that Kenny boy (Citadel) was the biggest culprit. The first image shows the potential squeeze value. The second image shows just how bad the market making activity was. Just look at that buy volume vs sell volume.** + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# The final comment + +&#x200B; + +*MAXD is making this report available to the investment world to create a substantial short squeeze opportunity with the goal to return to its shareholders the massive amount of equity stolen by unscrupulous market makers.* + +&#x200B; + +&#x200B; + +**They openly advocated for people to invest to start a short squeeze. There was no hidden riddle. It was there in black and white**. + +&#x200B; + +**TL;DR – MAX-D are a company that were being shorted into the ground. Market makers were using their liquidity exemptions to naked short, further driving the price. MAX-D brought in the experts and found the market making activity was fraudulent and in breach of Federal securities law, as it was mathematically impossible they were doing everything ‘by the book’.** + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Bonus round – Citadel and the inadvertent ‘mini bomb’ + +Let’s look at the chart. Citadel were the biggest shorts for the company? Looks like Kenny had to cover some of them other shorts positions. + +&#x200B; + +https://preview.redd.it/b2sv9zxto1571.png?width=672&format=png&auto=webp&s=7e5bf6e1aecffc9b61ab9dcad35a16d87246a691 +We have no savings and bad credit 475-550. We bring in about $72000 in total income. Our house was built in 1946 and needs a lot of repairs and upgrades in which we would have to add to the 6% interest loan and end up borrowing about $120,000 to pay probate $60000 (to the cousins) and major repairs like roof and windows and kitchen etc. our dilemma is weather or not we should take a loan like that, stay here, and continue paying the loan and work on credit. Or sell the house as-is and end up with about $130,000-$140,000 down on the next home that is move in ready for about $230,000-$260,000. Would we even be considered with bad credit. What are the best options, please. Also first time home buyers I’m 34 she’s 29. Thank you!! + Hey atobitt, if you can read this please take a look at this thesis in the link below. Thx and keep up your work! + +&#x200B; + +[ILF\_WP\_068.pdf (ilf-frankfurt.de)](https://www.ilf-frankfurt.de/fileadmin/_migrated/content_uploads/ILF_WP_068.pdf) + +&#x200B; + +i dont have time to read through it, i just found a pretty good overlook / scheme in the document: + +&#x200B; + +https://preview.redd.it/v99vzudvkou61.png?width=1008&format=png&auto=webp&s=345f60caf84ee2ba82c4d3b82774bfc66f9905fc +Hello, I'm still trying to work on my portfolio. + +I watched a video today on DRIP that blew my mind. It sounded to good to be true. + +If you took a etf like VDY and just kept investing in until you have enough for the dividends to keep buying itself, over time it will compound like double the amount because its growing and growing equity because it keeps buying itself. I did some math, if the share price is 45$ and you contribute maybe 10k a year, with drip on and a dividend percentage of 4.5% with a dividend yield growth percentage of 5% and a annual return of lets say only 5%, and no tax because its in a TFSA, over 30 years it would be millions of dollars. what am I missing here?? this sounds to good to be true... but doesnt this work? wouldnt this outperform everything? I mean idk how good VDY is, but any high dividend Canadian etf thats safe long term... What If I did like 50% VGRO and 50% VDY... + +Im just trying to figure this out I used this website... + + [Dividend Calculator | Dividend Reinvestment Calculator - TipRanks](https://www.tipranks.com/tools/dividend-calculator) +So been steadily putting into money into ETFS since last year. However is anyone afraid of continuing investing if a recession is coming? + +I have no idea if it really is coming.... I just dislike telling people to invest if I myself have only seen negative for the past few months +Over the last few decades working +in the industry I’ve seen some atrocious unethical behaviour. + +I’m hearing through the grape vine that consideration is being made by the government to clean up the industry to reduce unethical practices and create a sustainable housing market. + +Post your stories and tell me your thoughts. +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! + +We have our trimmed data set on computershared.net that’s pretty bang on for calculating the total. We have the estimates of who is drsing, how many (125k approx I believe) and the average (70 or 80* ish I think it was.) + +This game just got very fcking simple. Go make some money to bring your average up. Then make some more money to help cover for other apes who can’t. And bring every single one of these shares home. + +I’m so fcking excited. Long odds? Super powerful opponent? Super high inflation debuff to make gathering shares harder? Wouldn’t have it any other way. + +This is the gamers comfort zone right here. Let’s see how high I can bring my average by July 31. I dare you guys to try to get a higher personal score than me. Enough Reddit. Let’s go make some fcking money. We got some shares we need to bring home. + +This is gonna be fun. Let’s go lock down a float. +Could a substantial and relatively quick increase in interest rates help first-time or lower income homebuyers and the U.S. housing market overall from a buyer's perspective? What about sellers? + +I know there are many issues in the housing market, such as supply, N.I.M.B.Y., zoning politics, etc. But could higher interest rates actually aid in solving some problems like stopping corporations and hedge funds from parking their money in residential real estate? + +Asking for someone who tried to do the responsible thing and save a 20% down payment and missed the boat. +I listened to a podcast with Marohn and he makes some pretty bold claims. Hopefully, this isn't a straw man, but, to summarize: + +1) To be sustainable, suburbs must generate revenues in excess of costs. + +2) The cost structure of suburbs typically is subsidized upfront (e.g. federal government pays for the initial infrastructure) with long term liabilities/ cash outlays for the maintenance of said infrastructure. + +3) The nature of the timing of the cash flows of this arrangement can trick us into believing that revenues are in excess of costs, but in most cases they are not. + +4) From a historical perspective, he sees suburbs as a very new and radical experiment, and he notes that as a way of opening the door to the conclusion of his hypothesis: that in the medium term many (most?) suburbs will be bankrupted and likely abandoned. + +5) He goes so far as to claim the resemblance to a Ponzi scheme, nothing that without inflated property values generating inflated tax revenue via artificial scarcity, many suburbs would already be financially insolvent. + +I come from a background in accounting and finance. I understand in detail the difficulty of estimating long term liabilities related to infrastructure maintenance. However, some googling didn't really provide much more than anecdotal evidence to support his case. + +Finally, even if he is right that suburbs are financially unsound, bankruptcy doesn't necessarily follow. First, we may find that people really truly value suburban living and are willing to pay the premiums necessary to sustain it. In other words, you can't claim that expenses are greater than revenue if you don't know what people are willing to pay. Second, if the problem of unsustainable suburbs was created by initial infrastructure stimulus via the federal government, there is reason to believe that that unsustainability could be maintained via federal bailout. + +... + +If anyone can point me to some literature or a kind summary, I would be grateful. + +Thanks in advance, + +Edit: to include some sources. + https://www.volts.wtf/p/volts-podcast-charles-marohn-on-unsustainable#details + +He opens right at the top of the above podcast, start at the 3:00 minute mark. +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) + +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://i.imgur.com/HOpqtVo.jpg](https://i.imgur.com/HOpqtVo.jpg) \- the agreement I just received at log in. + +I assume they plan to cease activities soon, otherwise it makes no sense to charge more than IB itself. So, to unsubscribe: Settings/User Settings/Research Subscriptions/Third Party Services. + +Seen a few comments about this rumored $15 but it is official, maybe this helps someone. +[https://i.imgur.com/HOpqtVo.jpg](https://i.imgur.com/HOpqtVo.jpg) \- the agreement I just received at log in. + +I assume they plan to cease activities soon, otherwise it makes no sense to charge more than IB itself. So, to unsubscribe: Settings/User Settings/Research Subscriptions/Third Party Services. + +Seen a few comments about this rumored $15 but it is official, maybe this helps someone. +Should I sell my AT&T stock? I bought T stocks 3 yrs ago at 32.30 per share. It is currently 17.17 per share. Should I continue to hold the stock or sell it? I own around 200 shares. +Unfortunately, based on the recent news I think we should brace for another wave of red days. + +https://www.nbcnews.com/business/personal-finance/large-corporate-landlords-have-filed-10-000-eviction-actions-five-n1244711 + +I expect some popular REITs to take a hit. But remember, this also creates opportunity to buy in. I think we've weathered the storm well, so far. But new record cases and spikes in Europe are concerning. Evictions and unemployment aren't looking good either. + +What are your thoughts on the end of the year and beginning of 21? +Title says it all, looking to expand my investments, currently only in stock market, but all of 2020 I have been studying real estate. To be honest, kind of scared to start but I really am looking to into 2021. +I have been digging through all of the data from each SDR data repositories and found that I could obtain data from The DTCC, CME, Markit, REGIS-TR, and UnaVista. The only one I was unable to obtain data from was the ICE Trade Vault. So, we reached out to the CFTC who reports all SWAPS to see if we could find historical data. But apparently the CFTC changed the code to their service platform and will not be reporting any SWAPS at all in 2021. + +https://preview.redd.it/iexkgonr8qk71.png?width=1306&format=png&auto=webp&s=5ed5577794067fff91b3b98b52bdf70ce2408c53 + +Edit 1: Alright, so a lot of you suggested I put in a freedom of information Act request so I did... Here's what I wrote. The Dodd-Frank Act requires that the CFTC publish a report on trading, clearing, participants, and products in the Swaps market on a semi-annual and annual basis per (CEA Section 2(a)(14)). The CFTC had elected to publish a Swaps report on a weekly basis. Currently, in 2021 the CFTC has not published a semi-annual Swaps report and their most recent public data reporting was done on 11/20/2020. That data is 9 months old and outside of the range of which Dodd-Frank requires a semi-annual data report. I would like to inquire to receive a copy of the data in any format excel, word, powerpoint, PDF or any other format? + +&#x200B; + +https://preview.redd.it/1t9qubj6oqk71.png?width=577&format=png&auto=webp&s=63187055504a192017b16d61a916f070d0a72118 + +&#x200B; + +&#x200B; + +Edit 2: CFTC Tweet Today + +&#x200B; + +&#x200B; + +https://preview.redd.it/5humw4bnsrk71.png?width=896&format=png&auto=webp&s=c2f5f0556a746f1838bc6e513889f38ec799e5da + +&#x200B; + +Edit 3: ISDA & Markit: + +&#x200B; + +[ ](https://preview.redd.it/d9b6qep8gwk71.png?width=527&format=png&auto=webp&s=4474e635b9f9171f5771ae1cb0cd57c7b15d1822) + +&#x200B; + +Edit 4: The SEC and Security Based Swap Dealers: [https://www.sec.gov/page/key-dates-registration-security-based-swap-dealers-and-major-security-based-swap-participants](https://www.sec.gov/page/key-dates-registration-security-based-swap-dealers-and-major-security-based-swap-participants) + +&#x200B; + +Edit 5: Here is all the publicly reported Swap Data I can find. + +ICE Trade Vault: [https://www.icetradevault.com/tvus-ticker/#](https://www.icetradevault.com/tvus-ticker/#) + +CME Data Repository: [https://www.cmegroup.com/market-data/repository/data.html#equity](https://www.cmegroup.com/market-data/repository/data.html#equity) + +DTCC Data Repository: [https://rtdata.dtcc.com/gtr/tracker.do](https://rtdata.dtcc.com/gtr/tracker.do) + +IHS Markit Securities Lending: [https://ihsmarkit.com/products/securities-finance.html](https://ihsmarkit.com/products/securities-finance.html) + +UnaVista London Stock Exchange Historical Data: [https://www.lseg.com/markets-products-and-services/post-trade-services/unavista/unavista-solutions/regulatory-solutions/emir-reporting/trade-repository-public-data/historical-trade-repository-public-data](https://www.lseg.com/markets-products-and-services/post-trade-services/unavista/unavista-solutions/regulatory-solutions/emir-reporting/trade-repository-public-data/historical-trade-repository-public-data) + +REGIS-TR Data Repository European Union: [https://www.regis-tr.com/regis-tr/public-data/regis-tr-uk-ltd](https://www.regis-tr.com/regis-tr/public-data/regis-tr-uk-ltd) + +BIS International OTC Database: [https://stats.bis.org/statx/srs/table/d8](https://stats.bis.org/statx/srs/table/d8) + +&#x200B; + +Original request request and reply from CFTC: [https://www.cftc.gov/csl/21-18/download](https://www.cftc.gov/csl/21-18/download) + +&#x200B; + +Also the Securities Lending Times: [http://www.securitieslendingtimes.com/interviews/interview.php?interview\_id=109](http://www.securitieslendingtimes.com/interviews/interview.php?interview_id=109) + +&#x200B; + +Edit 6: The Best Total Return Swaps Video (sorry for the shit audio) [https://www.youtube.com/watch?v=R\_Av92C5F1s](https://www.youtube.com/watch?v=R_Av92C5F1s) + +&#x200B; + +&#x200B; +After seeing various posts and theories in this sub about GameStop's stock split / stock dividend, I started putting together the puzzle pieces of the past months and years, and well.... **I see a plan and I see MOASS in 2022!** + +*I took most of the content from other posts from this sub. So this post is the work of many and not just my own. I just gathered the information and put the puzzle pieces together. So your research and opinion may be part of this post (you can comment or write a DM if i missed something and I will give you credits). The croudsourcing on this sub is remarkable, not for nothing were we praised by Jon Stewart for this property.* + + Also, this post was first created in German and only quickly thrown into the translator, I hope the grammar does not suffer from it. + +# - GameStock stock split / stock dividend - + +[u\/cr420r](https://preview.redd.it/468na5tr6er81.png?width=529&format=png&auto=webp&s=55acc365ee06b9e6822e0ec94cbe772a57f1c35b) + +[https://news.gamestop.com/node/19686/html](https://news.gamestop.com/node/19686/html) (8k announcement) + +[*Here*](https://myaccountinghelp.org/stock-dividend-vs-stock-split/) *you can read again the difference between a "normal" stock split and a stock dividend like GameStop is issuing.* + +GameStop announced a stock split on 3/31, but it still has to be approved by shareholders at the annual meeting this summer. The number of shares GameStop could issue was previously 300 million meaning there was a cap on the total number of shares that will be increased from 300 million to 1 billion. GameStop had the option to issue 300 million shares at the time, but chose to issue only 76 million. (Of course, there are now far more shares in circulation due to naked shorting). + +The special thing about this, however, is that GameStop is issuing the new shares as a dividend, which is a kind of "reward" for the investors. Shortsellers or institutions that have lent their shares are not entitled to the dividend (lenders will take back their shares to be entitled to the dividend). You then get, for example, 7 new GameStop shares for every existing GameStop share you own in a 7 - 1 split. + +This also brings me directly to the next topic.... + +# - Tesla - + +Namely, Tesla - which was also plagued by short-selling at the time - did a similar stock split in 2020, they announced it in March and in August it was done after **shareholders voted "yes" at the annual meeting.** + +At the end of March 2020, Tesla was trading at about $100. When the vote was held 5 months later, the price was $290. Some short positions were probably closed because they feared the vote would be positive (speculation at the point). Then the vote took place and was approved. + +Shareholders had to own Tesla by August 21 to receive the dividend, and the share price reached $410. 10 days later, when the stock dividend was actually paid, the stock was trading at $442. + +**I think you know what I'm trying to say, don't you ? And remember the official short interest in Tesla at that time was only \~20% and not up to 226%.** + +[Yes, that is interesting!](https://preview.redd.it/eq0uabm8ebr81.png?width=697&format=png&auto=webp&s=79b306a9d9bc89f7c2e79dc15c2a9b79e48a27a5) + +But for the first time, let's rewind a bit to 2018, when Tesla was the most shorted stock on the market. ([Tesla Naked Shorting blog post](https://teslamotorsclub.com/tmc/threads/the-rolling-naked-tesla-short.15417/) from 2013 - see the similarities?). + +Namely, no less than Bryron from Loopring suggested 4 years ago on Elon's shortseller thread to do an Initial Coin Offering (ICO) to force Tesla shorts to close and the coins could then be used for e.g. Internet of Things (IOT) payments in the Tesla ecosystem. **Simulation confirmed.** (The point will be revisited later). + +Additionally, Ryan followed Elon on Twitter for a while before eventually just following GameStop. I imagine the conversation has continued over the last 4 years about this. Elon still hates shortsellers and so does Ryan! + +[Elon's OG Twitter Thread on Shortsellers](https://preview.redd.it/w8lnybyjebr81.png?width=594&format=png&auto=webp&s=54aff42e4e849997433b637a638919292755212e) + +[Answer Tweet von Byron Loopring](https://preview.redd.it/2sj96m8mebr81.png?width=590&format=png&auto=webp&s=89ca325434c30a989b957f07651c9b209a5b3368) + +Guess who was Head of Business at Loopring at the time? + +[Matt Finestone](https://www.linkedin.com/in/matthew-finestone-7bb8ba51/?trk=public_profile_browsemap&originalSubdomain=ca), the current head of the blockchain department at GameStop. + +[unforgettable support from Elon at the January sneeze](https://preview.redd.it/ulqa6bmsebr81.png?width=587&format=png&auto=webp&s=3f91c1acb5d9af46fbfab8ea33e4de7f3eb2e502) + +However, there is still a comparison to GameStop's announced stock dividend that needs to be looked at.... + +# - Overstock - + +Overstock and its founder Patrick Byrne were also victims of naked shorting. For example, [Byrne warned of the potential consequences of the scheme back in 2006](https://www.youtube.com/watch?v=nLnw2_q5iMk&ab_channel=whereAreTheShares). He also tried to get the attention on the problem and therefore he participated in many interviews and made videos around naked shorting: + +* [What is naked shorting? "The power of a theory is its ability to predict."](https://www.youtube.com/watch?v=BdBe5_8z53A&ab_channel=BigThink) +* [Video of Byrne discussing illegal naked shorts, criminal activity by Citadel, Amazon breaking up small businesses, and the ignorance of the SEC](https://www.youtube.com/watch?v=3XQXPiYDkcI&feature=youtu.be&ab_channel=ShortsDidNotClose) +* ["There is in place a system, an Al-Qaeda so to speak, a loosely organized group of people who are destroying small companies and looting the savings of America" ](https://www.reddit.com/r/Superstonk/comments/rypsfh/there_is_in_place_a_system_an_alqaeda_so_to_speak/) +* [Patrick Byrne calls Steve Cohen (Point72) the "Sith Lord" of short sellers](https://www.businessinsider.com/overstock-ceo-patrick-byrne-names-steve-cohen-and-mike-milken-as-sith-lords-2010-1) +* ["If you haven't DRS'd your shares, you do not own them"](https://www.reddit.com/r/Superstonk/comments/s1qrpm/overstock_ceo_if_you_havent_drsd_your_shares_you/) + +His battle against short sellers and the ["cellar boxing" plan of MMs and SHFs](https://www.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/) led Bryne pretty unsuccessfully for years, however he announced a digital dividend with Overstock to force the closing of short positions. + +[(Here's a great DD on that i used in this text from u/Minuteman\_Capital](https://www.reddit.com/r/Superstonk/comments/o6si8c/how_overstocks_squeeze_was_a_twopart_squiz_court/)[)](https://www.reddit.com/r/Superstonk/comments/o6si8c/how_overstocks_squeeze_was_a_twopart_squiz_court/) + +**What happened with Overstock?** + +Overstock issued digital shares. Because they are tied to a blockchain, they are unique and have intrinsic value that has no cash equivalent. DTCC wanted to get around this and told the brokers that a payment in lieu of a dividend was in order, and DTCC set the value. This was stopped by Overstock in court because DTCC was trying to be shady. That's why it looks like there were two squeezes at Overstock. The first one was stopped when DTCC said that payments in lieu of dividends were okay, and some brokers wanted to implement it that way first. + +[Overstock from the announcement of the digital dividend to the effective squeeze](https://preview.redd.it/lydm226mfbr81.png?width=1302&format=png&auto=webp&s=9784948175dbac15f4fde09c40c6844d6acfcd11) + +The hedgies were fucked and after an initial "fake squeeze" the real overstock squeeze increased by 17x, although the official short interest was much lower than GME today. The second squeeze occurred over the course of 4 months after the digital dividend was issued. + +**The details of the court case almost certainly set a legal precedent for GME to do the same.** *(For more information on the court process, see this great DD by* u/Region-Formal *explaining the details in easy to understand terms)* + +* [*https://www.reddit.com/r/Superstonk/comments/ptvq89/the\_overstock\_court\_ruling\_in\_utah\_yesterday/*](https://www.reddit.com/r/Superstonk/comments/ptvq89/the_overstock_court_ruling_in_utah_yesterday/) + +So Ryan Cohen bought into GameStop shortly after Overstock introduced the concept of ending naked shorting. + +* RC saw that a digital dividend had legal precedent +* RC saw that while the shorts were busted, the problem of naked shorts and fake stock was not fixed and the market was still a sham + +**So he's been tweaking a solution for almost 2-years....** + +Really every company realizes what eliminating fake shares from their inventory does. Naked shorting robs company investors of money in exchange for something that doesn't exist, and the company itself misses out on revenue for those shorted shares. So the company loses operating revenue and in most cases the company is driven out of business. + +# And that's how GameStop begins its journey to become a technology company and fuck the shorts in the process + +*(Credits to* u/antidecaf *for* [this Information](https://www.reddit.com/r/Superstonk/comments/tuj9j6/rc_fired_the_nuclear_warhead_and_no_one_is/)*)* + +I'm pretty sure Ryan Cohen is following suit, so GameStop will soon announce that the stock they issue via dividend will be delivered in the form of tokenized securities to the new GameStop wallet on the NFT marketplace. Given what they know, it would be irresponsible for GameStop's board to put new shares into DTCC's hands. + +* **The existing shares** (76 million) would remain where they currently are and can continue to be traded through a broker on the public exchanges +* **The new shares** that are issued can then be traded on GameStop's own marketplace via blockchain + +**So no broker can't pay out cash in lieu of a tokenized security. Shorts can't offer fake shares and then just resell them endlessly.** + +If you have your Stonks DRS and they are in your name, then you can easily get your tokenized shares from Computershare. + +If your shares are not in Computershare, then you may find that your broker is unlikely to deliver, as there are not enough tokenized shares to deliver every shareholder their entitlement. + +It is maybe not enough for a proof of Naked Shorting, but there are currently 76 million shares outstanding and about 14 million short sales reported on the stock exchange, these 14 million (not naked) short sales would be enough for Moass. Uncovered short sales, of which I think we have a lot, could perhaps not be proven, but would still have to be covered, currently they are uncovered and hidden from the stock exchanges. + +Shorts would have only two options left in this case: + +* They buy back all the fake shares from the brokers to fulfill their obligation to provide tokenized shares +* They try to buy tokenized shares for the short positions on their books. In both cases, it is a **forced purchase of GME** and a **trigger for MOASS** as it triggers an avalanche of short covering. Maintaining the short positions also costs the shorts a chunk of money.... + +The real problem for shorts would be now that there will not be tokenized shares to buy because all shareholders are entitled the divident, if a short cant deliver they must close, so at divident pay day, MOASS should already happened and the tokenized shares have served their purpose for starting the Rocket, their value will be what the market sets on them. + +All shares are real, they sold us fake ones, buy is buying them makes them real, the shorter is required to return the share if it cant deliver a divident, and a return of a share is identical to buying any share for sale. + +Say post moass, lets say 50% of retail held shares are at Computershare/ GameStop Wallet and 50% of retail held shares at at brokers, all are real. + +(*Excerpt from a* [*good and detailed explanatory DD*](https://www.reddit.com/r/Superstonk/comments/tuoeaz/the_coming_horrors_awaiting_shorts/)*, about the coming horrors that await the shorts. Credits to* u/raddoc22) + +Let's assume a SHF has a short position of 5 million GameStop shares (we know the number is much larger - the official short interest alone is 15 million shares, according to Ortex) + +**If you are short a stock, you are not entitled to a stock dividend, you actually have to pay for the dividend.** + +>If an investor is short a stock on the record date, he or she is not entitled to the dividend. Instead, the investor is responsible for paying the dividend, which he owes to the lender of the stock he is short and has borrowed. - Investopedia + +After a lets say 5 to 1 dividend, SHF is still short 5 million GME. But now they also have to deliver an additional 25 million shares, bringing the liability to 30 million shares. + +**Time for some smooth math:** + +A SHF has sold 5 million shares of GameStop at the market price of $165. If they had to close that position now at that price before the dividend, that's a cool $825 million they'd have to raise. But let's assume SHF can't or won't close the position before the dividend. So he's left with 5 million shares in the red after a 5-to-1 dividend. Now the SHF has a commitment of 30 million shares of which 25 million must be bought and delivered. + +The SHF could keep their short position of 5 million shares open, so by potentially having to buy 25 million shares (5 to 1 of their original position) at a price somewhere between $90.80 and $245.... + +90.80 x 25,000,000 = $2.27 billion + +245 x 25,000,000 = $6.125 billion. + +Ouch. Remember, this is just to keep their 5 million short positions open. If they want to close out their positions completely, they have to add the cost of another 5 million shares: + +Best case: $2.27 billion + (5,000,000 x 90.80)= $2.681 billion + +Worst case: $6.125 billion + (5,000,000 x 245) = $7.35 billion + +**Good thing the shorts were all closed in January 2021, right?** + +[german version of \\"i doubt it\\"](https://preview.redd.it/31xs55pfgbr81.png?width=392&format=png&auto=webp&s=40c2dd1e1677f4080b448377e3e2e187297ded68) + +That's exactly how Overstock did it, and they set an important precedent in lawsuits that they won. GameStop also has a clause that says they have to approve any payment in lieu of a dividend, and DTCC can't act on its own in this matter. + +The problem for the shorts will be that simply buying back the shares will not be enough if shorts do not have the shares available. + +Everyone who owns a share on the record date is entitled to a dividend. So to "fulfill the obligation" they would have to buy back the shares **BEFORE** the record date. Now if I'm interpreting this correctly, that means MOASS start **AND** ends before we receive our new shares. **So we finally have a plausible time frame for MOASS. Hedgies are fuck!** + +# But why do I believe GameStop is really issuing token shares ? + +*(Following Information is from this great* [*GME Exchange DD*](https://www.reddit.com/r/Superstonk/comments/tsd61i/gme_exchange_change_the_game_an_all_encompassing/) *by* u/bosshax) + +Because of this guy GameStop hired in Dec 2021: [**Kurt FUCKING Bierbower**](https://www.linkedin.com/in/kurtb1200/) 🍻 MORE BIERPOWER!!! 🍻 + +https://preview.redd.it/9p770ar4hbr81.png?width=736&format=png&auto=webp&s=596cfdccb533a33daa3a5885922658a1702903f8 + +Kurt is an **all-star blockchain executive** and the **head of GME Entertainment LLC**, the stealth Web3 startup created inside GameStop, which will likely see another spinoff in the future as Ryan Cohen likes spinoffs, see his letter to the BBBY board ( u/knutolee [spinoff theory](https://www.reddit.com/r/Superstonk/comments/tgw6qf/screening_the_ryan_cohen_playbook_the_systematic/) \- here we go again). Remember this is a long term play and nothing will happen overnight, the company still needs to grow and generate revenue from the Web3 division to make this process. + +Back to Kurt, who closed the deal between GameStop and IMX on behalf of GME Entertainment LLC. + +As already stated Kurt is a blockchain superstar - but he brings a very unique set of skills. **He brings something to GameStop that no one else has, or hasn't yet :-)** + +Kurt has experience with US regulated cryptocurrency and blockchain technology. He has also been heavily involved in deals with the largest FX brokers in the world, the largest cryptocurrency exchange in Japan, bitcoin mining, gaming platforms, NFT platforms, and stablecoins. + +He also comes from the institutional world (Big Money) and created a regulated dark pool cryptocurrency exchange. + +[There is a theory](https://www.reddit.com/r/Superstonk/comments/t7ghsf/gamestop_loopring_tokenized_peer_to_peer_stock/) that GameStop is working on building an **Alternate Trading System (ATS) exchange** based on ComputerShare with the GameStop wallet on the Loopring protocol. + +**So Kurt Bierbower is the head of GME Entertainment LLC, an all-star of blockchain banking, and the visionary who will make GameStop and our theories mainstream.** + +Imagine if your GameStop wallet held **your OWN digital assets**, including cash, NFTs, cryptos, and stocks. You could lend your assets and get paid interest. Brokers and banks make fat profits lending out your stocks and cash... in part... without your knowledge. Very soon you can do it yourself. **BE YOUR OWN BANK!** + +[Dreams become reality](https://preview.redd.it/9uz98ffohbr81.png?width=591&format=png&auto=webp&s=cb737ba6b3ed456d2f8fbd05564475c9073c76ff) + +An acquisition of Loopring is also still up in the air according to the rumor mill, and it's not through yet. Most won't see the great technology behind it until later, though Loopring has been pretty transparent all along about what they can do with their protocol. **A decentralized Binance and Robinhood.** + +# PG-13, do you OGs remember that? + +Back to the stock split and the issuance of the new shares. + +**It can't be said enough: best to DRS if you want the most coveted digital property in history delivered guaranteed.** + +The record date for this will be announced after the AGM vote in the summer, along with the exact split ratio. It's the date by which you have to have bought your shares to be eligible for the dividend. + +The lenders of shares (brokers) will recall their borrowed shares for the dividend and vote (for reasons). If there are shorts left before the dividend and it is a **7-4-1** split, my fingers are really tingling. **The OG DDs are coming true!** + +[cryptic split leak from July 2021](https://preview.redd.it/nsb9o8qxhbr81.png?width=588&format=png&auto=webp&s=e8caff4aa2db8660671230338702790ab3230053) + +[9-month old DD via stock split - credits to u\/BurnieSlander \(give this king a flair!\)](https://preview.redd.it/i7dk7tnzhbr81.png?width=734&format=png&auto=webp&s=e064a9130074e85050c3f8bb295a6d7daa400f55) + +Link to the OG PG-13 DD: [https://www.reddit.com/r/Superstonk/comments/onw3ie/pg13/](https://www.reddit.com/r/Superstonk/comments/onw3ie/pg13/) + +[We couldn't have a cooler chair man🪑! Love you Ryan!](https://preview.redd.it/133iwos7ibr81.png?width=797&format=png&auto=webp&s=64b5afb7a6337a8009c823064d18c79f165ceebb) + +I guess Ryan Cohen wouldn't be saying **"Buckle up!"** and the GameStop Twitter account wouldn't be tweeting **"oops \*moass\* my bad"** if they weren't really planning on helping us autistic people get to the moon.... + +[was deleted again shortly after publication](https://preview.redd.it/df2rghfoibr81.png?width=310&format=png&auto=webp&s=5fe1a70d23e42592bff17872b06e295933c955ba) + +We've all been following RC's tweets since January 2021. These are by far the most direct messages to us. After all, there has been a lot written about the art of war, and I won't pretend to have read it, but I know that one of the rules is **"attack your enemies only when victory is certain."** Most of what Ryan has said about shorts in the past was simply an emoji with a pair of shorts. Now, not only has he put it into words, but he's compared shorts to the Stormtroopers from Star Wars. But even better than that is that he called them the **DUMB Stormtroopers**. + +Ryan has the path of victory in mind and there is no stopping him. Otherwise, he wouldn't have challenged his enemies so blatantly. We will win this fight! It is a pleasure to board this rocket ship with you. See you soon on the moon🌙 🚀 👨🚀 + +(great theory on RC's acting and a comparison to Sun Tzu's tactical dispositions in The Art of War) + +* [https://www.reddit.com/r/Superstonk/comments/tb09z3/theory\_on\_why\_rc\_is\_acting\_and\_communicating\_more/](https://www.reddit.com/r/Superstonk/comments/tb09z3/theory_on_why_rc_is_acting_and_communicating_more/) + +[I love this picture!](https://preview.redd.it/r8unatgjibr81.png?width=519&format=png&auto=webp&s=53ab9ab2053f804b5651e394161e01e0d9811d21) + +I have also seen how some have wondered why Ryan Cohen didn't just partner with Overstock/ TZero to issue tokenized securities, since they specialize in them. + +However, the answer is now very obvious. TZero has just hired a new CEO. The man was a top executive at the NYSE and a board member of DTCC. TZero is centralized. Basically, the wolves are taking over the hen house. + +**Ryan Cohen and Loopring, as we know, are designed to be completely decentralized.** + +**Ryan knows the way, and this is the way.** + +# Well it's probably pretty crappy to be short at GME "trading is a tough game don't ya think?" + +[Founder of Point72 - Short in GME - after turning off the buy button at the January sneeze](https://preview.redd.it/f4vglba3jbr81.png?width=595&format=png&auto=webp&s=77fab951b1cb9e764ac10258dd568bcf3de7d520) + +I'm sure you all remember that video of Ken Griffin from 2008 talking about surviving another day, right? + +When RC basically told the Dump Stormtroopers with the stock dividend announcement, MOASS is coming this year whether you like it or not. + +**If you are in Kenny's or Steve\`s position, you have two choices now:** + +* Do I lose infinite money after the announcement for my infinite risk what I took by closing the short positions +* Do I lose infinite money later when I am forced to close my short position + +If your goal was to "fight to survive another day", would you give up right away, or would you do a bunch of shady things to push the price below the pain threshold so people don't have to buy in just yet? + +**Just remember that they want you to be frustrated, so they make decisions based on emotion, not logic.** + +**But With every trade there is a winner and a loser.... Thousands of 🦍 are about to become winners. LFG! WAGMI 🚀🚀🚀🚀** + +# Name a worse time to be a dumb Stormtrooper, I'll wait... + +https://preview.redd.it/d7tni0lkjbr81.png?width=702&format=png&auto=webp&s=fb1816e6feef0f57425032e616b89462781ed613 +Did anyone ever work in algotrading for a large investment institute? I wonder how they are doing things. + +Like, what data sources are they using, how are trading strategies tested, are they combining signals from many trading strategies, how are ongoing trades managed, how do they evaluate execution quality, etc. +Evening Apes, + +I think the NYSE testimony released prior to the hearing tomorrow just solidified what I've been thinking all along about RobinHood... + +**I believe RH and it's sister company RobinHood Securities are engaging in CFD (contract for difference) trading, and that the orders they send to Citadel are being used to dump sell orders on GME. CFD is when a broker (normally web-based trading platforms, FX contracts, or futures) is engaging in the buying and selling of shares that don't actually trade. I also believe RobinHood was shorting GME...** + +https://thetradingbible.com/brokers + +**In this scenario, RobinHood continuously sends order flow buy and sell orders to Citadel (I'm just using Citadel as a name, it could be any market maker). When a trader enters a buy order, that order is sent to the MM, and the price is set for the trade and the trader is given access to their shares at the current price. RobinHood has fulfilled their agreement to best-price, and the MM paid for the order, and the customer has access to their shares.** + +**But that doesn't mean that the MM actually went through with purchasing or selling those share orders yet. They paid for the order, but they only need to execute it "in a reasonable time".** + +https://financialservices.house.gov/uploadedfiles/hhrg-117-ba00-wstate-arnuks-20210317.pdf + +"2) They recently changed their PFOF method from one giving them a set payment per share +to one giving them a percentage of the spread instead. Think about this: A Robinhood +trader wants the spread in the stocks he/she is trading to be as narrow as possible. The +HFT market maker buying those orders benefit most when that spread is as wide as +possible. And now Robinhood benefits most when the spread is as wide as possible as +well! This is an amazing misalignment of interests. " + +"While PFOF is legal, we have long wondered how it possibly could be. How can a broker, +charged with the duty of getting its clients the best available prices, possibly do so by selling that +client’s orders to amazingly sophisticated HFT firms, who in turn will make billions of dollars +trading against these orders?" + +**Forex brokers and MMs are well-known to take inverse positions to retail trades. I think RobinHood was as well. CFD brokers have to delta hedge their actual holdings as their clients positions become profitable. As long as the clients are losing money, there is no reason to ever buy the securities, as the position is just going to lose money anyways. CFD brokers will only buy the security you own if that security starts becoming profitable and it will cost RobinHood more money to buy the share later. They are basically shorting your shares on their books.** + +"While retail brokers and market making firms, claim that price improvement (PI) accrues to +retail investor orders, such price improvement is a flawed calculation: +1) It is based off of a slower price feed (the SIP), +2) It does not take into account odd-lots, +3) And the NBBO reference price it uses is largely set by the very same HFT market makers +providing the “PI” in the off-exchange environment. " + +"When a few HFT market-makers buy up orders that account for as much as a third of the volume +– orders that tend to be less-informed, uncorrelated, and benign, so that they are not represented +on exchanges, what is left on those exchanges is that much more toxic and costly to trade with. +Market impact costs are higher, and spreads are wider as well. Two studies that confirm this are +the Babelfish study of transaction costs in “Meme Stocks”7 and an additional academic study, +that amazingly points out that when Robinhood experiences technology outages, spreads in the +general market become narrower. Wider spreads mean that retail investors receive worse prices, +even after accounting for PI, and all other investors see their costs increase as well." + +"It should surprise no one that investor orders do not dominate these races; HFT Market makers +do. Investors’ orders typically find themselves further back in the queue. As a result, investors +miss opportunities at buying cheaper stock, and when they do get filled they are subject to +outsized adverse selection. Despite this, brokers representing investors still route largely to these +exchanges for that rebate." + +**Once RobinHood sells your orders to Citadel, Citadel can buy or sell the needed shares on any exchange they want to, to get themselves the best spread on the price difference. WHEN YOU BUY SHARES ON ROBINHOOD, YOU ARE NOT AFFECTING THE ACTUAL MARKET ORDERS. Your shares that you are buying/selling get collected by Citadel, and they can then buy/sell as they see fit with those orders.** + +**Citadel can collect a large batch of buy orders, and then BUY those shares on a dark pool exchange that DOES NOT DRIVE UP THE ACTIVE MARKET PRICE. And they can also collect large sell orders into one large batch, and then SELL those shares on the ACTUAL MARKET WHICH ACTUALLY DOES DRIVE THE ACTIVE PRICE DOWN.** + +**That is why you can see huge dumps on days with the SSR active and no large selling volume. Citadel/MM are capable of keeping ALL of the buying pressure OFF of the open exchanges, while simultaneously loading up sell orders to dump at once ON the open exchanges.** + +"• In January 2021, a record 47.19% of US stock-market volume traded “off-exchange and +on February 9th we hit an all-time record of 50.47%, with retail representing 1/3rd of total +US ADV" + +**Over 50% of all trading activity is done off-exchange. And retail is 1/3 of the total daily volume. They can literally keep 100% of retail buy orders routed through these MM off of the open exchanges, to avoid YOUR buy orders from driving the price up in real-time.** + +"• Wholesalers are also “market makers on NYSE and NASDAQ,” and appear to be +adjusting the public market spreads in response to retail, thereby costing all investors +more money." + +"• Wholesalers are not a charity and trade against retail when it is profitable for them" + +**Here, he testifies that it is public knowledge to the exchanges that these MM both: take trades directly against retail traders, and directly manipulate the spread to their advantage.** + +"- Third, and finally, it must be conceded that the Securities and Exchange Commission (“SEC”) +already has sweeping authority to do much of what needs to be done in connection with the issues +in this hearing. The failure of the agency to appropriately respond to the most apparent deficiencies +is not due to a lack of legal authority but a multi-decade lack of courage and imagination to take +meaningful actions based on existing authorities" + +**At least he admits that the SEC knows what is going on and is choosing to actively ignore it.** + +https://sec.report/Document/0001699855-21-000006/ + +"Beginning on January 28, 2021, due to unprecedented market volatility and related portfolio margin demands imposed on RHS by the clearinghouse National Securities Clearing Corporation, RHS temporarily restricted or limited its customers’ purchase of certain securities, including GameStop Corp. and AMC Entertainment Holdings, Inc., on our platform (“Early 2021 Trading Restrictions”)." + +**RobinHood Securities says in its annual report that they shut down trading due to margin demands. That's because they are engaging in CFD practices and they/you NEVER OWNED YOUR GME SHARES DURING THE RUN-UP. The price exploded before they were able to delta hedge their naked CFD positions, and they got margin called for $3,000,000,000 to cover the shares they needed to buy.** + +TL;DR: + +You aren't buying shares off of the open market on RobinHood (or possibly on any mobile-only trading platform). Those buy orders are being routed to MMs to be purchased off-exchange so that it doesn't affect the active trading price. Your sell orders ARE sold on the active open market, so that it actively helps crash the price. + +RobinHood got margin called because they were naked shares due to engaging in Contract for Difference trading, where they don't buy the shares you pay for because they expect you to lose money anyways. They just pay you the difference in price if you make a profit once you sell your position. + +They got hit with a $3,000,000,000 margin call because they were short so many shares of AMC/GME that were supposed to be owned in your accounts, but that they hadn't bought on the market yet. + +Linked RobinHood Securities annual financial report, along with attached active lawsuits in the filing. It's a fun read if you have the time... Robinhood has shit for actual liquidity. Get out of that dumpster and get to a real broker. + +Edit: 40% of all RobinHood accounts held shares of GME during the run-up. If there were 13,000,000, accounts at the end of 2020, and 40% of the accounts only held one share, RobinHood would have been on the line for $2,511,000,000 at the height of the $483 share price. + +What was their original margin call again? +Would a lender ever be lenient on this factor? +I’ve got about 20k ready to put down towards a rental, a good credit score, and decent income. + +However I’ve got a spotty employment history and haven’t worked at the same place for 2 years. I keep hearing this as a requirement for lending, how true is that? +Hi everyone. + +So, I am newbie value investor and I've been listening to a podcast recently on the so-called value v growth arguments in which people have been declaring that value investing is now dead. I have been thinking about what Warren Buffett has said and I am trying to create an understanding in my head. + +I would really appreicate your wisdom and opinions on the below. + +\------ + +Warren Buffett speaks having a circle of competence. As I understand it, he means what would the basic economics of the business look like, and how the industry is likely to develop. + +Given the life cycle of any business, it is hard to say where a tech company (e.g., Amazon/Tesla) exists today in that cycle. [Please see this picture](https://cdn.corporatefinanceinstitute.com/assets/Industry-Life-Cycle.png). It's does not seem very obvious just how much more growth per year can be expected and/or the returns on capital thereafter. + +The market is prepared to attach a huge premium to buy these companies because the prevailing sentiment expects huge forward growth. It seems to me that Warren Buffet though is right. There is obviously no possibility of a margin of safety in the event that growth doesn't materialise quite as anticipated, and seems like you're guaranteed to overpay in any case. Also - a lot of these tech companies have enormous share buybacks which pushes the price metric higher-and-higher. + +You would end up with lousy returns in an otherwise great company which may well generate big earnings. As value investors, we ought to be mindful of Jean Marie Eveillard's admonition of 'avoiding the permanent impairment of capital'. + +That doesn't include the enormous hype associated with these companies (Cathy Wood etc...) and the momentum-driven sub-culture that exists in investing currently. + +\----- + +Is the above thesis correct? + +Thank you all in advance :) +Hi all, + +Q is probably asked all the time, but I am looking for a list of your favorite value investing, finance, or overall investing books to add to my cue. What should my next few reads be? + +&#x200B; + +1. [***The Intelligent Investor***](http://www.amazon.com/Intelligent-Investor-Definitive-Investing-Practical/dp/0060555661/ref=sr_1_1?s=books&ie=UTF8&qid=1324493602&sr=1-1) by Ben Graham +2. [***Security Analysis***](http://www.amazon.com/exec/obidos/ASIN/0070244960/o/qid=927996654/sr=2-1/002-9031537-2610604) by Ben Graham and David Dodd +3. [***Common Sense on Mutual Funds***](http://www.amazon.com/Common-Sense-Mutual-Funds-Anniversary/dp/0470138130/ref=sr_1_1?s=books&ie=UTF8&qid=1324493148&sr=1-1)  by John Bogle +4. [***Irrational Exuberance***](https://www.amazon.com/Irrational-Exuberance-Revised-Expanded-Third/dp/B08P3X5DWB/ref=sr_1_1?crid=1BLZO3UA1QDCM&dchild=1&keywords=irrational+exuberance+by+robert+shiller&qid=1627324125&s=books&sprefix=irrational+exu%2Cstripbooks%2C201&sr=1-1) by Robert Shiller +5. ***A Random Walk Down Wall St*** by Burton Malkiel +6. [***The Millionaire Nextdoor***](http://www.amazon.com/Millionaire-Next-Door-Thomas-Stanley/dp/0671015206) by Thomas J. Stanley +7. [***Risk Savvy: How to Make Good Decisions***](https://www.amazon.com/Risk-Savvy-Make-Good-Decisions/dp/0143127101/ref=sr_1_2?crid=CGZ4AIPYV2V0&dchild=1&keywords=gerd+gigerenzer&qid=1627323641&s=books&sprefix=gerd+gi%2Caps%2C203&sr=1-2) by Gerd Gigerenzer +33, married, no kids, live in the Bay Area. I work in tech and my wife and I make around $500k / combined (pre tax). + +NW: $750,000 in equities (bank, telco, F500, ETFs, etc.). We have a $600,000 mortgage on a property valued around $1.8M. + +My family (parents, brothers, uncles) is in the food packaging business and a competitor will be acquiring 49% of the business in the coming weeks. As a minor shareholder of the business I have the option of either (a) selling my shares to the acquirer and receiving a one time cash payment of about $2M or (b) rolling the equity into the go forward company (there will be a reorg done at the same time), which will subsequently be run by my brothers. + +I am not involved in the business but my brothers are good operators and have been involved for the last 15 years - I trust their vision and work ethic. My parents and uncles are cashing out and will not be involved in any material capacity. The business has been growing at 20-30% for the last 10 years and there is low risk that this does not continue. Their customer base is diverse and contracts are generally long term. I suspect that they will ultimately sell the entire business to this competitor in 5-10 years and, given the growth, at a much higher valuation. I think it’s reasonable that my shares could be worth $5-7M but of course there are a number of risks that could make this number much smaller. + +My wife and I dream about retiring in our mid-40s and taking on more interesting and impactful personal projects in our community, let’s say 10 years from now. We realize that this is a huge windfall gain either way. Our back of the napkin number is $10M. + +I’m wondering if anyone has any similar experience or advice with respect to my situation and specifically what I might consider in choosing either option? + + +Thank you 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) 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/wsNDGTf5QH) +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/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) +Soooo tl;dr my ex left me and our shared apartment and I'm finding myself paying for a 1 bedroom (so no roomies) that's more than 1/2 my monthly salary. + +I can't really move because 1. brokers' fees will null the cost 2. My ex was thrifty and this is actually a very affordable place in a good area with free parking. + +I have so much credit card debt ($18k) and my car is way out of my means despite not even being fancy ($250 a month for the payment, $215 in insurance.) + +After all my bills I have $440 a month. That's $340 for my gym (only $65 but totally necessary), gas (my car is pretty efficient, luckily), therapy bills, cat care, groceries, whatever isn't keeping lights on and roof over my head. + +I had a tag sale and got $312 and just threw it at the credit card debt without thinking and i'm still getting finance charges. What's the point?? Will I ever be free? + +Anyway, I can't make this month's rent. So I had to call my (fairly wealthy) parents and tell them the whole story- trying not to cry while describing the romantic failure while begging for $1000. I'm so lucky that they will help me but it's just so... humiliating. I'm 30! I have a decent job! What the fuck happened? + +EDIT\* I am looking into trading my car for something more practical NOW + +EDIT\* I am also taking an online course that will reduce my insurance by 10% + +EDIT\* I am looking into debt consolidation + +EDIT\* I can't go off my meds but my $250 appointments will soon be $60 appointments (and I will pay a lot less on prescription drugs which I didn't even mention) + +EDIT\* I don't spend $80/week on my cats... their cost is pretty fixed and I would be shaving off a few dollars by switching their food... I'm focusing on the big stuff \^\^\^ +What existing evidence and theories support the claim (or similar claims) that increasing the federal minimum wage gradually would substantially increase aggregate output in the US economy? +Yeah I know most people in here are interested in equity markets. I am also primarily interested in equities. But just for discussion I wanted to bring this up and see what people think... + +I was just listening to the Bigger Pockets podcast (a podcast for real estate investors) and everyone on there seemed so optimistic with little acknowledgement of the true situation we are in. I heard comments like: + +\- "Maybe we will see a small dip in prices over the summer" + +\- "I'm only seeing rents dropping 3-4% in my area and I don't think we'll see it go much lower for now" + +So banks are tightening lending requirements, we have mass unemployment (maybe 20% ?) , we have situations where you literally cannot evict non-paying tenants and by some counts I read we have 30% of US tenants not paying rent. I would be surprised if Airbnb hosts are getting even 10% of the bookings they were getting last year. + +Are real estate people out of touch with reality right now? I don't think enough people are preparing for the possibility that this goes on much past June. +So, from everything I’m seeing, I need to master the understanding of options, before I start trading them, right? + +It seems every questions answer is somewhere along the lines of, “if you don’t know, you shouldn’t be trading them”. + +So, at what point would that be and what questions are then ok to ask? +House didn't sell at auction, didn't meet the reserve. House sat on the market for two months. One or two buyers remained interested. Agent said it was about to sell and it would go to the best offer. We made a good offer. THEN agents says he will tell other parties our offer and suggests we can sit down together and have a "quiet auction". He's overtly playing the interested groups against each other to raise the price, EVEN THOUGH it already didn't sell at auction. + +This is poor form and he's telling fibs left right and centre but what can we do? Is there some rule against this? +so i made this throwaway since i don’t like talking numbers on my real account. + +i’ve been part of this sub for years now and obviously know the importance of diversification. however it doesn’t mean that i listened.. + +in the past couple years i was part of a successful IPO. until that point i was always completely undiversified not by choice but because of a lack of exit opportunity. after over a decade i got used to this way of life. + +then the ipo happened and suddenly i had access to it all and it was all worth more than i ever dreamed. not only that me and most of my coworkers had complete confidence we were still largely undervalued and barely sold any if at all. + +right up until it happened i was so sure i would sell a good chunk of it and at least secure my original fatfire goal number. things were a little rough during lockup and i started to get a little numb to the prices because my NW was fluctuating so much. in any given day it could swing from a couple hundred thousand to over 5m in either direction. but after lockup and realizing how far above and beyond i went i started to feel safe and also didn’t want to pay taxes. i even thought more and more about borrowing against my shares to keep fully invested. + +things went well for a while and towards the end of last year i was celebrating passing the 70m milestone with 100m if i continued working and completing my equity package. but still i had so much confidence in it growing that i held on. i sold a little bit but not a large percentage at all. i had complete confidence my current position would get me into the 9 figure territory. + +this was the time i decided to pull the trigger on fatfire still undiversified. i left in a way that i have an option to go back but at the moment i’m out and free and it has felt absolutely amazing. that is until i lost over 65% of everything in the recent market hit. i wasn’t even able to sell as it happened due to insider trading windows. watching my account drop nearly 50m has certainly been a painful lesson. honestly i’m not that broken up about it because i’m still over my goal but it’s starting to cut it close. and yet here i am still holding on and waiting for the recovery. also since it never hit my bank account it still kind of feels just fake in a way.. + +i wrote this after seeing some other posts about the recent losses. i was stupid and was so sure of myself and my company that i’m still being stupid and holding on. i looked at every post on here for years and thought i wouldn’t make those mistakes. now i’m writing this just to get my story out and maybe convince the next person who had this kind of confidence to be a little safer. and also maybe to make a few people who lost less than me feel a little better. as some other comments said on the other posts it works until it doesn’t.. +Above is the Tesla vol surface for options, blue line being the 1/20 expiration and red being 1/27 expiration. Now this may look normal at first until you realize earnings are on 1/25. Why is this important you ask? Well, typically options that interact with earnings will be priced with more volatility which is NOT the case with Tesla. This allows an opportunity to look into a long calendar spread where you buy a OTM put for the 1/27 expiration and sell the 1/20 of the same strike. This could effectively be delta hedged with calls or stock. (Yes I know this isn’t theta as it’s a net debit) +They know we’re not listening to MSM. They know we’ve endured their snide gaslighting attempts and blatant manipulation. They know our significant others’ and friends have busted our balls for 2 years to sell. And they know we know the value of what we hold and what’s at stake. Their Hail Mary is to make it so expensive to buy the other things we need in life that we “capitulate”. + +Well they can capitulate deez nutts. +This is the official $GME Megathread for r/Superstonk. 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It's a home for family. + +I am deciding between buying land and constructing a house in a fast developing tier 3 town, or an apartment in a tier 2 city. Same investment in both cases. + +How do I find out the average land appreciation over the past 5 years for e.g.? Also, what are some indicators of a tier 3 town about to hit fast paced growth? One good sign is the town getting a PVR multiplex in a year! + +Any tips that might help me make a decision would be welcome! +➕I live in Ireland and there are 2 big factors which destroy the benefits of investing into an ETF. +➕I’m 18 and would love to invest in VUSA for 40 years but I realize that it will not be worth it due to tax. +➕In Ireland there is a flat exit tax rate of 41% on ETF’s (even if you hold for a long time). This is only the case with ETF’s and not individual stocks. +➕There is also an 8 year “deemed disposal” rule which means that if you hold an ETF for 8 years you must pay taxes on an gains made it that time (even if you don’t sell. You still have to calculate the gains and pay the taxes). +This means that if I was to hold VUSA for 40 years I would pay 41% on all my gains every 8 years. (This ruins the power of compound interest). +➕So I have come up with an equivalent plan but am still unsure if it is the correct approach: +I can create my own Pie of individual stocks just like an ETF (maybe only 30-50 stocks) and expose myself to all sectors and hopefully match the S&P 500’s returns (hopefully). And now I avoid the 8 year deemed disposal rule because this is technically not an ETF but my own pie. +➕And secondly to avoid the 41% exit tax in 40 years I could move to a country with low Capital gains tax and sell my stocks there to avoid paying almost half of the gains. +I want to know if this approach is a terrible idea or if it just might work over a long period of time. +Here's a screenshot of my trading results since January 1st of this year to today (August 25th) from my Tradovate account: + + +&#x200B; + +[$19,561.59 Net Profit, Started With $30,000](https://preview.redd.it/97i650t3orj91.png?width=444&format=png&auto=webp&s=74e81318f7fc79c48efe8fc6d8292bfe76d407d2) + +I started getting interested in trading back in 2018 and I worked REALLY hard trying to learn it. I tried all sorts of trading styles and instruments. Stocks, options, forex, futures. I tried all the indicators and styles. Tried day trading and swing trading and all of that. + +I lost a TON of money. I don't know how much exactly, but I'd estimate I lost about $60,000 in "market tuition" trying to learn how to trade. + +This year in 2022 has been my first consistently good year. I started with $30,000 and I'm up to $49,561 representing an over 65% gain on my account. + +And the style / strategy that finally got me to a level of comfort and reliability in my trading has been **seasonality** and **spread trading** in the futures market. + +About a year and a half ago I came across a book totally by chance on Kindle called *"Commodity Spread Trading -- Take Advantage of Seasonality: Volume 1"* by David Carli. + +In the book he mentioned a series of resources that I'd never heard of before. + +* MRCI (dot com) +* SeasonAlgo (dot com) +* Spreadcharts (dot com) << I use mainly the other two and rarely use this one + +And he showed how to analyze seasonality and also how to analyze spread trades on commodities. + +So let me show you some examples of how this works. + + +**SEASONALITY ON OUTRIGHT FUTURES (NOT A SPREAD)** + +The first thing I do is check MRCI every day. When you go to this website it looks like it was built it in 1997. It's super cheap (like $40ish a month or something) and as far as I can tell they do ZERO marketing. + +But apparently they're like the go-to resource for seasonality traders. And I can see why because it's the best resource I've ever found for this stuff. + +So when you get on there, you'll see a list like this for the current month and the following month: + +&#x200B; + +https://preview.redd.it/0pl5s2keqrj91.png?width=129&format=png&auto=webp&s=db66ae5622de99dc61bf9e1d167527dca6789a44 + +For outright futures (meaning not a spread) you would click "Seasonal Trades." + +When you do you'll be presented with a list like the following: + +&#x200B; + +https://preview.redd.it/8ie6liumqrj91.png?width=778&format=png&auto=webp&s=4545215e8e098186fb1ab83bceae48b588f24160 + +So what you're looking at is the signal on the left hand side like "Buy December Gold GCZ2). Then you see an entry date (8/11) and an exit date (9/1). And a win % (87%) and some more stats. + +What this is basically saying is that -- over the last 15 years -- if you had bought December Gold futures between the dates of 8/11 and 9/1 you would have profited 87% of the time with an average $2,720 profit (per contract). + +**I use this to find high probability trades, but I always do another layer of basic technical analysis to see which trades I want to get into.** + +So for example I DID NOT take that gold trade for the following reason... + + +&#x200B; + +[Gold Was \\"Over Bought\\" on MACD so I did not buy](https://preview.redd.it/yvl0478grrj91.png?width=1461&format=png&auto=webp&s=6323493593111bc14c8fbe1ccd846886ccd05747) + +When I see a buy signal, I go and check the chart. And IDEALLY I want to see that the MACD is actually over-sold on a 1 day and also over-sold on a 4 hour basis. + +When I checked gold, I saw that the MACD was actually over-bought and changing momentum to the down-side so I did not do that trade. + +This basic, simple rule either qualifies the trade or disqualifies the trade for me. If it's a short-signal, then I'd want to see the inverse (over-bought). + +**But recently Crude Oil qualified for me.** + +MRCI recommended to buy May 2023 Crude Oil between August 16th and August 29th. + +Here's the 15 year track record of that trade: + +&#x200B; + +https://preview.redd.it/vdarlxc5srj91.png?width=783&format=png&auto=webp&s=bbd77456538d0dea6fc0cf37a616c0e70333864d + +I went and checked the chart and it lined up with my very basic rule for these trades -- MACD was over-sold and Crude Oil seemed to be sitting at a level of support. + +&#x200B; + +https://preview.redd.it/big3m3lesrj91.png?width=1461&format=png&auto=webp&s=7fb3b79608cf305826137c57719334a6e31d4704 + +I bought 1 contract and recently sold it for **+$3,360 profit.** I sold it before the seasonal trade window was finished and I could have made more, because it's gone up even more since then, but I thought the big immediate push up was great and wanted to book profit. + +*So that's how I trade the OUTRIGHT futures -- but I also do spread trading.* + +**SEASONALITY ON FUTURES SPREADS** + +So also on MRCI you have "Seasonal Spreads" -- + +&#x200B; + +https://preview.redd.it/xf7a1vmzsrj91.png?width=118&format=png&auto=webp&s=d936e29c245817792708da90a32038a08a99e1b9 + +And when you click on it it's a similar setup as the outrights -- it shows you a table like this: + +&#x200B; + +https://preview.redd.it/zsx19ka5trj91.png?width=783&format=png&auto=webp&s=8244152be045bf69e93c5801d107eb89ce70d00b + +Spread trading is where you basically simultaneously BUY one contract and SHORT another at the same time. + +And rather than betting "directionally" you're actually moreover betting on a mean reversion. + +So I qualify which trade to take based on a different approach, but it's also pretty simple. + +So take #5576 for example -- Buy July 2023 Lean Hogs and Sell February 2023 Lean Hogs. + +This is usually where I go over to SeasonAlgo and build out that chart. + +Here's what it looks like.... + +&#x200B; + +https://preview.redd.it/rqo5ddmttrj91.png?width=992&format=png&auto=webp&s=83743a48e9adeb549b2f9e319930f6e0ac246d3a + +You see on the top left there I've inputted the contracts (HEN23-HEG23) and the time frame "Enter on 8/08 and exit on 11/12) and it's a "buy" meaning I am BUYING the HEN23 contract and SELLING the HEG23 contract. + +If I flipped the order of those contracts around, it would be the exact same trade, I'd just be "selling" the spread. + +Similar to how BUYING EUR/USD is the same as SHORTING USD/EUR. It's the same trade. + +It builds out the chart for me as follows: + +&#x200B; + +https://preview.redd.it/5ivy7gmaurj91.png?width=1863&format=png&auto=webp&s=cb9b0cea37821d066eafb490359bd39ec10e7dcf + +The black line is the current contract spread. The red line is that same spread over the last 5 years. The blue line is that same spread over the last 15 years. + +The horizontal green line is the entry and the horizontal red line is the exit. + +The first thing I look for is -- is the current spread AT or BELOW the 5 year and 15 year historical spreads? + +In this case you can see that the black line started out considerably lower in price than the 5 and 15 year average. + +I like that -- it means historically I'm getting the spread for cheap. And as you can see the spread moved way up right after I bought it. + +The next thing I like to look at is "Continuation" and I'll show you what that looks like... + +&#x200B; + +https://preview.redd.it/eoxmtylxurj91.png?width=1822&format=png&auto=webp&s=12d1346d860e46d994e9cf9cfbdb5b323c9658cf + +Here is this spread over the last 30 years. You can see that + +And this is what these spreads do (any spread) the just go UP and DOWN in fixed ranges and that's it. That's how they act. + +SO -- **I would NOT take this trade if the spread was in the middle or TOP of that range I've highlighted there.** + +**BUT -- because the spread is at the lower end of that range (since 2015) I did initiate the trade.** + +So far this spread is up **+$1,140**. + +And the great thing about futures spreads is that most brokers automatically recognize them as LESS risky. So they will REDUCE your margin requirements by up to 80%. So you can do these trades with less money than it takes to do the outright futures spreads, which usually require higher margin rates. + +**Okay! Hope you guys liked that. I enjoy sharing what's working for me and this seasonal trading strategy on futures has worked remarkably well.** +I work full time without the opportunity for overtime at $18 an hour. I have to pay >$800 a month in just daycare. Along with a $305 car payment so those are my necessities. I still live at home but I have a 1 year old son and cant stay at home forever but there's literally no way I could afford to move out with this current pay rate. + +I want to pick up a side job for nights/ weekends, but I have my son 2 weeks out of the month so I can't really swing that except on the 2 weeks I don't have him. + +Any advice? I know doordash..etc exist but I drive 500+ miles a week in my personal car for work already so it's really not a smart option + +Edit: so I'm only a month into my current job maybe that's a good point to put out there. I work at a good company and I love my job. It's just starting at 18 and hopefully can go up significantly + +Edit 2: my job pays for my gas +[Going, Going, Gone: What's Driving Australia's Property Frenzy?](https://www.abc.net.au/4corners/australia-property-market-investigation/13606018) + +***Going, Going, Gone: What’s driving Australia’s property frenzy*** + +*“I just don't believe how much prices have jumped.   These prices are far exceeding what I think is a fair and reasonable market price.”  Buyer’s agent, Sydney* + +Across Australia, property prices are going through the roof, pushing the total value of residential real estate to a staggering nine trillion dollars. + +*“It is definitely the hottest market I’ve ever seen with the low supply, the lower interest rates and the cost of borrowing, money being so cheap.” Real estate agent, Brisbane* + +When the pandemic hit in 2020, there were fears the property market would collapse.   Instead, house prices have risen at the fastest pace in at least three decades.  + +*“We thought it would stop for a pandemic, but it hasn’t.  I think it's gone against all the experts and predictors out there; it just keeps going.”   Auctioneer, Melbourne*  + +City prices are eye watering, and the phenomenon is spreading.   As people seize the chance to work from home, a stampede of buyers has sparked a property buying frenzy in regional Australia as well. + +*“Properties in Tasmania are literally selling within around about 48 hours.   I'd say that for every property that we sell, we could probably sell it 10 times over.”  Real estate agent* + +On paper, it’s made many homeowners across Australia millionaires.  In reality, it’s seen buyers mortgaged to the hilt, while others are priced out altogether. + +*“The great Australian dream has been about home ownership.  It's now become a lot of people's nightmare.”   Housing policy expert* + +On Monday, Four Corners tracks the property price boom that’s fuelling risky and irrational behaviour and investigates what is driving it. + +*“People are buying property sight unseen from another state. People are waiving their rights to finance…they're not doing building inspections…there's a lot of people taking a lot of risk.”  Buyer’s agent, Tasmania* + +For many people, the housing market has become unaffordable and it’s creating a generational divide.  Home ownership among those under the age of 45 has plunged to levels not seen since the 1950s. + +*“For my generation it means a lot less home ownership. I feel it's very unfair.”  Sydney home hunter* + +There’s a sense of despair and disillusionment from many who have worked and saved, only to see their dream slip out of sight. + +*“I did everything right. I did everything that every politician has ever told us to do... The situation's left me feeling completely defeated.”  Nurse, Tasmania* + +As the divide between the haves and have nots grows, housing experts warn there will be consequences. + +*“Housing has become, rather than a place of security where you raise a family, something that you seek to create wealth from and speculate on. So, that is a really big shift over the last 40 years.   And it's one that I don't think will serve the future well.”   Housing expert* + +&#x200B; + +&#x200B; + +&#x200B; + +\*\*Apologies if posted already. + +EDIT: NEW LINK + +[https://www.abc.net.au/4corners/four-corners--what%E2%80%99s-driving-australia%E2%80%99s-real-estate-frenzy/13612062](https://www.abc.net.au/4corners/four-corners--what%E2%80%99s-driving-australia%E2%80%99s-real-estate-frenzy/13612062) +Fellow shareholders, + +I have a couple bummers. + +The first bummer is that I have withdrawn my case from the Court of Chancery. I did that because I overlooked a technicality; namely, that I didn't affirm my initial demand for inspection to be true under penalty of perjury under the laws of the United States. As a result my case won't go forward. + +The following is what specifies it—  + + (3) “Under oath” includes statements the declarant affirms to be true under penalty of perjury under the laws of the United States or any state. + +https://delcode.delaware.gov/title8/c001/sc07/#220 + +See, I forgot to affirm the facts in my demand to be true and sign my name at the bottom (they really like that part).  + +They also claim I lack credible basis to inspect the stockholder ledger. Now, I am really not sure, after reading Section 220 over and over and over, that inspecting the stockholder ledger requires a litigant to provide a credible basis for wrongdoing, etc. Instead, the language directs that the stockholder provide a PROPER PURPOSE for inspecting the ledger, and places the burden of proof on the company to demonstrate that the stockholder's purpose for inspection is improper. That can be for future legal warriors to hash out further. + +The second bummer is that I am stepping back from pursuing this course of action. Certain conditions that obtained which gave me the liberty to engage in this time-consuming work (figuring shit out, writing shit, mailing shit, getting shit notarized, getting shit served, etc.) are no longer obtaining, and I will be having to donate larger amounts of my time to non-GME-related activities. In addition, having dismissed my suit hampers me from pursuing it in the future. + +I realize that this is disappointing to many, including myself. My desire is to be NOT the ape who gets the farthest with this. To that end, I have been as transparent about this process as I can be, and I will provide all advice and assistance I can to anybody who carries on this effort.  + +If I were to transport my consciousness into another person's body and proceed, my next step would be to submit a signed, notarized Demand for Inspection that addresses the deficiencies identified by the good GameStop lawyers. The below text of the Defendant's Response to Plaintiff's Motion to Expedite would help with that. + +None of this changes my bullishness on the stock; in fact I'm up to [404 registered](https://imgur.com/a/I6Sfs4v). + +Onward and upward. This will be the last time I bother with the Disclaimer, unless I get into some other deep shit. + +*Disclaimer: My name is JASON FUCKING WATER FALL. I'm not subject to an NDA or any kind of equivalent gag order regarding issues within GME's milieu. I haven't received information indicating an unreconciled number of ballots or votes cast in GameStop's 6/9 shareholder election exceeded the number of outstanding shares. I haven't received information indicating GameStop has been legally prevented from taking action projected to cause a systemic market event. I haven't received information indicating that the number of shares held by beneficial GameStop shareholders exceeds the number of outstanding shares. Epstein didn't kill himself and I won't either. I once touched Owen Hart's sweaty bicep as he walked out with Jim Neidhart at a house show. I have never met or knowingly spoken to Ryan Cohen, Matt Furlong, Michael Recupero, Mark Robinson, Tess Halbrooks, Greg Marose, Deep Fucking Value, Ken Griffin, Vlad Tenev, Steven Cohen, Maxine Waters, Elon Musk, Amber Ruffin, PFTCommenter, or Ariana Grande.* + + +__________________ + + +Text of Defendant GameStop Corp.'s Response to Plaintiff's Motion to Expedite + +IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE + +JASON FUCKING WATER FALL, + +Plaintiff, + +v. + +GAMESTOP CORP. + +Defendant. + +) +) +) +) +) +) +) + +C.A. No. 2021-0993 SEM + +DEFENDANT GAMESTOP CORP.’S RESPONSE TO PLAINTIFF JASON FUCKING WATER FALL'S MOTION TO EXPEDITE + +Defendant GameStop Corp. (“GameStop”) hereby responds to Plaintiff JASON FUCKING WATER FALL's ("WATER FALL") Motion to Expedite. GameStop does not oppose the Motion; Section 220 actions are typically handled on a fast track. WATER FALL has not replied to GameStop’s inquiry about a trial date; Game Stop suggests March or April 2022. + +In ordering a schedule, however, the Court should be cognizant of the fact that the entire premise of WATER FALL's Complaint is erroneous, and thus that this action may, and should, be disposed of promptly. Moreover, as a threshold problem, WATER FALL has not complied with the form-and-manner requirements of Section 220. In response to the Motion to Expedite, GameStop states the following: + +1. On November 18, 2021, WATER FALL filed his Verified Complaint pursuant to 8 Del. C. § 220 (Trans. ID 67155614), along with an accompanying Motion to Expedite (Trans. ID 67108558). GameStop acknowledges that by their nature, actions under Section 220 are summary proceedings. See 8 Del. C. § 220(c) (the Court may “summarily order to corporation to permit the stockholder to inspect [various corporate books and records].”). Therefore, GameStop does not oppose WATER FALL's Motion to Expedite, given that Section 220 expressly authorizes the Court to address books-and-records actions in a summary fashion, and also given the Court’s custom of handling Section 220 actions promptly. Indeed, GameStop proposes a trial of this action, if trial is necessary, in March or April 2022. + +2. It is important, however, to consider the deficiencies from which WATER FALL's claim suffers. His demand letter (Compl., Ex. A) was not a statutorily defined “written demand under oath,” because he did not manually sign it. Although the demand letter contains a notary seal, the notary elected to notarize a typed name and address, rather than a manual signature. The form-and-manner requirements of Section 220, which the Court always construes strictly, therefore appear not to have been satisfied. GameStop will ask the Court to address that statutory prerequisite in due course. + +3. Setting that issue aside, GameStop maintains that WATER FALL's claims are without merit, because he has not alleged a proper purpose to warrant inspection of GameStop’s corporate books and records. 8 Del. C. § 220(c)(3) (a plaintiff “stockholder shall first establish that . . . [t]he inspection such stockholder seeks is for a proper purpose.”). In his Verified Complaint, WATER FALL takes issue with a Form 8-K that GameStop filed with the Securities and Exchange Commission on June 9, 2021, in which GameStop announced the results of the submission of certain matters to a vote of its stockholders at its annual stockholder meeting. Compl. ¶¶ 5-6. He alleges that there was an error in the “collection, tabulation, reconciliation, and reporting” of the results of the stockholder vote, which “mean[s] that the results were likely manually adjusted by a person,” thus “point[ing] to the possibility of mismanagement, wrongdoing, or waste.” Compl. ¶¶ 18, 20. + +4. WATER FALL's underlying Section 220 demand letter sheds additional light on his allegations. The demand letter refers to a one-share disparity between the number of shares that the Form 8-K reported as having been present at the stockholder meeting in person or by proxy relative to the nomination of Lawrence Cheng to the Board (55,541,280) and the number of shares present at the meeting relative to the nominations of the other director candidates and relative to the two management proposals that were submitted to the stockholders (55,541,279 for each). Compl., Ex. A. + +5. The entire premise of WATER FALL's Verified Complaint is mistaken. There was no error in the count and there was no manual or other adjustment of the results of the stockholder vote. Rather, the one-vote discrepancy resulted solely from the manner in which the Inspector of Elections treated votes by  fractional shares before expressing the vote totals in whole numbers. To be specific, the Inspector of Elections added up the votes for and against, the abstentions, and the broker non-votes for each director nominee and for both management proposals, and then deleted any resulting fractional shares from the totals, to generate, and to report, whole number counts. He selected that approach in preference to rounding fractionalshare counts up or down. To take one example, 44,967,065.7384 shares voted in favor of George E. Sherman as a director nominee. The Inspector of Elections could have rounded that number up to 44,967,066. But the Inspector chose instead to remove the 0.7384 fractional shares appearing after the decimal point and to report the vote as 44,967,065. Given that a quorum was obviously present and that none of the votes were at all close, the Inspector of Elections concluded that it was not necessary to include the fractional shares appearing after the decimal points in the reported results. + +6. By sheer coincidence, the elimination of fractional shares appearing after the decimal points reduced the vote total for director nominee Lawrence Cheng by 1.0375 votes. In contrast, and also by coincidence, such elimination of fractional shares reduced the vote totals for the other director nominees and for the two management proposals by either 2.0374 or 2.0375 votes. That one-vote difference in the reduction in the vote counts, caused solely by the elimination of such fractional shares in each instance, explains the one-share discrepancy upon which WATER FALL's Verified Complaint is based. Because Mr. Cheng’s count was reduced by one vote fewer than the reduction in all of the other counts, his total share count was reported as being one vote greater than the share count for the other directors and for the management proposals. + +7. As set forth in GameStop’s Answer and Affirmative Defenses (Trans. ID 67166514), the above explanation addresses any alleged inconsistencies in the results reported in the Form 8-K. The results as reported in the Form 8-K were materially accurate and were based upon the methodology utilized by the Inspector of Elections. There was no manual alteration of the results. There was no mismanagement, wrongdoing, or waste, and there is no credible basis to believe that there was. Therefore, WATER FALL's Verified Complaint does not allege a proper purpose for which he seeks to inspect GameStop’s corporate books and records. + +8. That said, GameStop does not oppose WATER FALL's Motion to Expedite. The likely absence of any factual disputes may make this action appropriate for resolution by summary judgment, such that trial would not be needed. As stated above, GameStop requests that the Court set a trial date, if trial is needed, for March or April 2022. If a trial does go forward, it might be most efficiently handled on a paper record. +I got diagnosed with Bipolar last year at 27. + +I was always very entrepreneurial, maybe it was the hypo-mania that gave me unique ideas and energy to work on projects. + +Just wondering if anyone else here has some sort of mental illness and still overcame it and made a shit ton of money? :P +30yr F. I put myself through nursing school (my second degree), both paid for in cash and have been a Nurse for two years now. I have barely six figures in savings (large majority in retirement). Ive never had any debt and my goal is to be financially independent by 35. Its really just an arbitrary number at this point but Ill explain. + +Paying cash for both degrees was because I never even saw loans as an option I would accept. And I worked my fucking ass off to do it. I live off of $24k a year and the rest is in investments. In May of this year I quit my full time critical care, HIGH STRESS but high paying job. I landed a part time position at my previous employer but took a massive pay cut to do it. But still make more than enough. + +This year has destroyed me. Emotionally and mentally. Im just so fucking done. My plan was to just "tough it out" at the hospital for a few more years (the high stress job I quit) because the money was good. But your girl is tired! Ive worked so hard to put myself in the situation that Im in. Being able to tell the job I hate to fuck off because I can was the most powerful feeling in the world. + +Now, Im living a much more manageable lifestyle (stress wise) but the money will not get me to FIRE by 35. Part of me thinks that I deserve to lay low right now, I earned it. The other part of me hates myself because Im just being a princess and not wanting to bust my ass anymore. But isnt that what FIRE is all about as well? + +Ive seen some seriously fucked up shit in the hospital. And every time I did it would make me want to quit even more. Not because I couldnt "handle" it but because I knew I didnt need the money so why was I even working a job I fucking hate when Im not even guaranteed tomorrow. + +I seriously thought nursing would help my FIRE but now I just want to live my life how I want NOW. And not in however long it takes me to get there. + +Please help... +So this is my situation, I started to look at money in a different way, no waste, just return, I see my friends going to the sea, I can't because don't see a gain, they go to the disco, I can't because of the same motivation, I almost booked a flight for a city, than I decided that was a waste of money right now because of the Corona virus and my money wouldn't been invested in the best way. I ask myself, an I obsessed with finance and savings? Is it too much for me? Sometimes I feel depressed because I'm at home while the others are partying and having fun. +**Spread sheet contains:** + +REITs separated by sector. Sectors include: retail (O), industrial (STAG, DRE, PLD), specialty (ACC, IIPR), cell tower (AMT, CCI, SBAC), self storage (EXR, PSA, CUBE, NSA), and diversified (WPC). + +Extensive financials for 14 of the most popular REITs. All financial information has been pulled from yahoo finance as of 3/11/22 and each REITs 2021 4th quarter financial releases. + +Backtesting was done both with and without DRIP. + +Winners were picked based on the following: financial stability, dividend increases as well as ability to support dividend increases, how REIT compares to others in its sector as well as how the sector compares overall to other REITS, likelihood of price appreciation/growth. + +**Overall, what I found was:** + +As you probably expected, O is the best overall value. + +STAG was the best in the industrial sector, which is a stable and growing sector due to increasing e-commerce. + +AMT and CCI tied for cell towers, although I tend to think both are overbought and favor CCI myself. + +EXR was the best in the self storage sector, although the overall dividend in this sector is lower than other sectors. Furthermore this sector is threatened by an economic downturn (people buying less and getting rid of / selling extra things). + +IIPR was the best specialty REIT in a growing (excuse the pun) sector, and is protected by a large regulatory MOAT and stabilized by long lease terms. + +Link to spreadsheet: [https://docs.google.com/spreadsheets/d/e/2PACX-1vSk-bWJcKG3a6K0hfHeNtTvlvIJLN-\_XK3tQPnDZn2MAQ1oRcVyWXR5q0xxlNmihBHWfha1YPl59XEG/pubhtml](https://docs.google.com/spreadsheets/d/e/2PACX-1vSk-bWJcKG3a6K0hfHeNtTvlvIJLN-_XK3tQPnDZn2MAQ1oRcVyWXR5q0xxlNmihBHWfha1YPl59XEG/pubhtml) + +&#x200B; + +Feedback welcome! + +&#x200B; + +Edit: spelling, readability, and link + The same way SafeMoon popularized the redistribution to holders feature we see being used today by almost all defi tokens… EverRise has a chance to do the same with their proprietary automatic buyback feature and pave the way for other tokens to implement this feature… + +The way is works is a 6% transaction fee is stored in the contract and used to buyback coins through pancake automatically. The transaction is triggered after ever sell…. With this brilliant coding, you will never see 2 sells in a row! WOW + +&#x200B; + +Why should you invest in Everrise? + +EverRise token holders are not only benefited through static rewards but also by the Buy-Back process of the contract. As part of Buy-Back process, contract takes care of buying back some of the tokens and burn them whenever a sell happens. In a nutshell, 98% of the time, you will not see 2 sell transactions at any time and there will never be three sell transactions continuously at any time. + +&#x200B; + +Whitepaper: [https://www.everrisecoin.com/wp-content/uploads/2021/06/EverRise-Pitch-Deck-1.pdf](https://www.everrisecoin.com/wp-content/uploads/2021/06/EverRise-Pitch-Deck-1.pdf) + +Telegram: [https://t.me/everriseofficial](https://t.me/everriseofficial) + +Website: [https://www.everrisecoin.com/](https://www.everrisecoin.com/) +A friendly reminder since I haven’t seen it posted here in a while. + +Turn off SMS 2FA and set up something like Authy. + +You’re probably thinking “I’m small time, won’t happen to me.” And I thought the same as well until last night my phone provider blocked an attempt at a Simswap. + +Take the 10-15 minutes to protect yourself. It really doesn’t take that long to set up. + +Stay safe friends. +Your bank may be able to offer a forbearance plan if the shutdown continues and impacts your ability to make payments. + +I work at a major servicer; we are already fielding calls from federal employees, flagging the loan as potentially impacted, and we are going to help if the shutdown becomes prolonged *IF* customers ask. + +This is a scenario where we cannot identify an impacted population without input from the customer. If you don't have the funds and you aren't getting paid, you should call and tell them you are potentially impacted. +Hello wise souls of fat fire. Long time lurker here. + +I am looking for some life / career advice. + +I've been the CEO/founder of a deep tech / AI startup in IoT for the past 5 years and I am looking to transition out. The burnout is real. + +I know myself enough to know that if I take time off with no job I will sink into depression. Also not at fatfire yet. Currently I am looking for something to fill the void and recharge. Ideally something lower stress with good working hours. Interested in anything that is not IoT or a startup. + +Background: Mid 30s, married, 3 kids. Current NW $2.5M, partner makes $300K, and we have a side hustle that brings in around $200K annually. Have been taking a paycut at startup making $125K and looking to double that in new role. + +My background and experience is somewhat broad - some finance, R&D, software development, data science. MS in Electrical Engineering, top 3 MBA program. + +Has anyone else been in this position? Any advice on what roles I should be looking for? + +Could use any advice as confidence right now is at an all time low. + +Edited to say I am specifically looking for suggestions on roles to minimize stress and maximize pay for someone who has a broad technical background. +As the title says...This is the start of what we've all been waiting for as shareholder/owners of GME...the launch of the new marketplace...but there is still work to do. In my humble non-financial-advisory-opinion, direct registration of the float is still the greatest thing that can happen with GME...to put an end to the illegal market practices of some very short and very shitty Hedghogs out there. + +Until the world knows that ALL of the legal shares of our shared and beloved corporation are pulled back to the transfer agent (ComputerShare), and registered in the individual owners' names, the fuckery will continue, and I for one don't wish to see one more day of it than necessary. Criminals will be criminals, and they absolutely will not stop until they are forced to. The WAY hasn't changed. + +DRSing now, personally, gives me hope for the future of not just GME, and other shorted securities, but in the idea of free markets as a whole, and the abolition of blatant criminal activities by those who make the law, and supposedly hold the world up to those standards. + +♾💕🚀♾ +When you start a new job, especially your first job, spend some time studying your paycheck. They can look complicated because they are full of abbreviations, but it's worth your time to make sure everything is correct and you understand exactly how your money is being divvied up. + +You will see tax deductions, as well as possibly other deductions before and after tax. If you have signed up for some automatic deductions (such as money for your flexible spending account (FSA), personal contributions to your retirement account, or voluntary buy-up plans for your health insurance) make sure the amount withdrawn is what you expected. + +If you get a raise, check and make sure that the correct amount is written on your next paycheck. (I speak from experience, as someone who spotted an error that would have cost me $600 per year if I hadn't checked.) + +If something isn't adding up, ask your employer. People make mistakes, and they will correct it for you. +This is a summation of accumulated core techniques that grew my accounts parabolically. I hate seeing people get torpedoed by the markets and here's a toast you folks see less broker bombing runs on your accounts. + +&#x200B; + +[My trading den](https://preview.redd.it/c13bk2m7li771.jpg?width=3648&format=pjpg&auto=webp&s=0834cfaa479b935ad6e37a7265f7db11abc3f638) + +Okay. Let's commence with a clear statement that I am no self-proclaimed trading guru nor am I selling trading products nor advice. Trading is my hobby and a sideline that complements my legal practice and business ventures. + +I started my forex journey early 2000. Brokers at a company called Performance Foreign Exchange handled my funds and promptly blew my account. Moved to another company CIC Asia and their managers imploded my account again. Really vexing. So I started learning everything I could to manually manage my own account. Would you believe I started with that yellow book Dummies Guide to Forex Trading? + +Then I discovered [ForexFactory.com](https://ForexFactory.com) , [BabyPips.com](https://BabyPips.com) and a lot of crappy youtubers. I started making money. I also started losing money. But I made more money than I lost. Anyone who tells you trading is gambling is partially correct. You're betting on the economy and that the economy agrees with all your lines and squiggles. Just remember that the economy is a mean bitch and can slap all your scribbles so you need godly risk management. + +&#x200B; + +https://preview.redd.it/xuenzw6nqk771.jpg?width=1127&format=pjpg&auto=webp&s=67849d82c8b3492fe92f6100cd45f43f7aa69d2d + +By 2016 I pretty much hurdled growth pains. Things got even better when I discovered Ctrader that year. I abandoned Metatrader which felt like a clunky Fiat next to the Lambo that Ctrader was. + +By end of 2019 I decided to abandon most forex pairs except majors. I moved on to trading indices, oil and metals almost exclusively. Here's why: indices move very fast. When you get into the momentum of a move, you hit take profit almost within minutes. Positions on FX can take hours or days to close in reasonable profit. When I do US30 or Nasdaq or JP225 Nikkei, I often hit 100 points in less time to brew a coffee. This allows me to jump in at the next retrace. Again. + +And Again. + +And Again. + +That's a lot of profit. Seriously, I can successfully win several trades in a day just doing this. + +2020 came and the COVID pandemic killed most of my brick and mortar businesses. I was partner/investor at an SEO company, a restaurant chain, a travel agency and a hotel. They all went under. Badly. But not trading. Trading works whether the economy goes up and down. So I sustained myself through lockdowns by trading on a daily basis. That kept me afloat and liquid. + +&#x200B; + +https://preview.redd.it/i74u6lgoqk771.jpg?width=1116&format=pjpg&auto=webp&s=c7c3d378cfba68c22705c7d533997466a0b63d27 + +All around me I saw folks spiral into bankruptcy and despair. So I tried to help the best way I can by sharing several of my forecasts on my [tradingview account.](https://www.tradingview.com/u/soaringtothestars/) I swing trade using wave analysis and price structure for long term profits; that's what I post on Tradingview and my telegram channel. But I also scalp like a demon and like closing out multiple positions in a single day so I can withdraw quickly. + +**Here's how I scalp and the rules I follow** + +1. First find yourself a broker with awesome spreads. I trade on ICMarkets and FXPro for that reason. +2. Trade only indices. Indices like Nasdaq, US30 and DE30 often have one long term trajectory: UP. That means if you want to maximize your win probabilities, you don't short the market. You long it. Even if you incur temporary drawdown from market crashes arising from Godzilla attacking the capitol, you will still see recovery. + +**Let's Start** + +https://preview.redd.it/rm62869wqk771.jpg?width=1146&format=pjpg&auto=webp&s=2bf8c5bcc22d8309924bbf918f7c7d381993b436 + +1. Start by marking up support and resistance on the Daily Chart and Hourly chart. Just three levels above and below current market price is great. This will let you see potential points of market reversal. I personally will not open a trade within 200 points of a daily S/R line nor 100 points near an hourly S/R line. I prefer to wait for price action at those zones. Either reversal or penetration. Yep. Most of you like penetration. :) **Rayner Teo** is one of the top FX youtubers and he consistently talks about *area of value*. Stray outside the area of value and your positions will be lost. Think of the S/R zones as confining you within area. The 200 pips buffer zone where you stop trading prior to S/R zones ensures you keep within areas of liquidity. Be wary of trading breakouts. Institutions know that stop losses are sprinkled around these areas and waiting to stop you out. A lot of content on this here: [Rayner Teo - YouTube](https://www.youtube.com/user/tradingwithrayner) +2. Once the charts are marked up, I throw on a 200 EMA and 21 EMA on the charts. I look at the big picture on H1 then I drop to M15 where I take my entries. For swing trading, consult the Daily Chart for trajectory and drop to the 4H chart. **Arty** is perhaps the funniest teacher with an impeccable knack for price action trading using moving averages. He endorses the 200, 50 and 21 period EMAs to provide ICBM-level guidance. Key to his instruction is trading in the direction of the master trend only *except on sure reversals*. I agree. For years, I move with the flow of the 200 or even 400 EMA. The 50 EMA isn't so important as weak trends penetrate this EMA. You however know your direction is strong when price bounces fiercely off the 13 or 21 EMA. Check out Arty's channel: [The Moving Average - YouTube](https://www.youtube.com/channel/UCYFQzaZyTUzY-Tiytyv3HhA) . There are no long winded bits of self-promotion here, he goes straight to the trading measures and counter measures. Now being the generous soul, he went further and released two free Tradingview indicators that in my opinion are worth more than most courses sold out there: [UK100GBP 7147.0 ▲ +0.45% TMA (tradingview.com)](https://www.tradingview.com/v/bekRVj2I/) +3. Ramble aside, if the price is above the 200 EMA, I will look only for buys. If below 200, I look only for sells. +4. I will then wait for a pullback of price to the 21 EMA because trading at the tip of a bullish or bearish impulse is a dumb way to incur drawdown. If price doesn't pull back all that way, the least you can do is await a pullback to the 38.2% or 61.8% fibonacci retracement. If the retracement levels align with market structure, that's even better confluence. I took a course from **TransparentFX** back 2019 and this Italian author is perhaps the best on Tradingview. His core method is the ICI Strategy- known also as the Impulse Correction Impulse. Always wait for an impulse on the daily or one hour chart. Don't trade just yet. Bide your time for the correction which should be at least to the 38.2% fibonacci. For GBP pairs, it's often the 61% or 76% fib. Once the retrace is complete, he asserts checking the MACD going over zero for long positions and below zero for shorts. I find that this works most of the time however it gets me in late. The better option is to consult the RSI breaching the neutrality level of 50. This is something I did far back as 2015 and something Arty also asserts. Nick of Tradingview publishes multiple forecasts on Tradingview that don't cost a cent. Check em here [Trader transparent-fx — Trading Ideas & Charts — TradingView](https://www.tradingview.com/u/transparent-fx/) +5. Pause right there. Opening a position at the pullback is part of the formula. You need more confirmation because sometimes the pullback goes wayyyyy below the pullback and sometimes does an utter reversal. What I then do is monitor the RSI during the pullback at the trading timeframe. Assuming I want to BUY at the pullback to the 21 EMA or the fib retracement. Obviously RSI will be below 50 during the pullback. I then bide my time until RSI goes above 50 after the pullback. This tells me that buyers are taking control and the pullback was just temporary. That's when I enter the market order. The RSI trick is superior to Nick's endorsement of MACD. +6. For indices, I set my take profit at the last hourly swing high or I execute a partial volume close of 70% at 100 points and let the rest run with a trail stop that has an 80 point tail. Indices tend to move 100 to 800 points before the next retrace so the latter is my favored method. If trading FX pairs, I set take profit no more than 6 to 10 pips. That doesn't sound like a lot, but it adds up. It's safer to jump in and out the market than to aspire for 1000 pips and get stopped out when China invades USA in a blitzkrieg. +7. Stop loss is set at hourly market structure OR on the bottom of the engulfing impulse candle that rejected the pullback zone. +8. And that leads me to engulfing impulse candles. They're often your best bet for entry. When you see large candles that reject a pullback zone, wait for that candle to close then take a market order at the close of that candle. Price should continue on in that direction. Your SL can be the length of that candle. Your TP can be 1.5 to 2x the length of that candle. **Arty calls this big ass candles**. I always referred to them as momentum candles and they're your ammo to safer trading. +9. Anal for extra confirmation? Sometimes I look at the stochastic RSI. I would open a BUY if there was a recent cross-over from an oversold condition. Vice versa for shorts. This isn't so important though as the stochs tend to remain stretched in extended situations. +10. **Special sauce:** Order Blocks. This deserves an altogether separate walkthrough but if you master order blocks, you trade with the Institutions. There's nothing safer than that. There's a great primer here [How To Find And Use ICT Order Blocks In Your Trading - PriceActionNinja.com](https://www.priceactionninja.com/trading-ict-order-blocks/) and here [How to Spot Central Banks Orders and Trade Forex Order Blocks (the5ers.com)](https://the5ers.com/forex-order-blocks/) . In simplest terms, an order block is the accumulation of massive shorts and longs by Banks and Institutions which drive the price up or down. It's easy to recognize these.... look for periods of consolidation then a spike of five to eight candles of **the same color**. When this happens, you know that market makers are moving the markets. *How does knowing this help you?* When you see 5 to 8 candles of the same color, you know the price will return to its initiating point . This return is necessary because liquidity must be captured by the hedge funds. Sometimes the return is simply a very long wick (also called a wick trick). Sometimes it's a full return. When you see an order block, don't trade. Wait. Then open a position at the exact area where the spike occurred. Happens all the time regardless of time frame that the order block is observed. Master order blocks and you won't be one of the sad folks who open a position at the tip of a huge spike and then gets stopped out when price reverses hundreds of pips. Understand that because of the fractal nature of markets, order blocks can be discovered on the Daily, 4h, 1h and even 5m charts. Find them and you know price MUST return the the genesis of these spikes. They're perfect entries for trading. +11. **Final silver bullet:** Commitment of Traders Reports. The COT is published here [Commitments of Traders | CFTC](https://www.cftc.gov/MarketReports/CommitmentsofTraders/index.htm) and while most will not be able to make sense of the data, some folks simplify the reports on TradingView. Having the latest COT report tells you where market movers are going long and short. If you know for instance that 7k longs were added to EURUSD and 3k shorts were closed, EURUSD will go bullish for a few weeks. These big players wield extraordinary market moving power unlike us retail traders. Trade on the same vein. Less guess work for you. A fella I know publishes simplified reports on Instagram of all places: [Commitments of Traders Reports (@cot\_report) • Instagram photos and videos](https://www.instagram.com/cot_report/) + +That's the entire arsenal. **I'm not a financial advisor, a trading expert, nor signal provider.** I'm like the rest of you- a fella eking out from multiple streams of income to get by during these trying times. Times are tough and it's great that we put out our best practices. These are all the best things I picked up from various mentors, paid or otherwise. Let these guide you. +Have you guys thought about this yet? + +One month ago we got this: [GAMESTOP: RISE OF THE PLAYERS](https://www.youtube.com/watch?v=xeT6_kMi8Po) + +Next week we have this: [Gaming Wall Street | Official Trailer | HBO Max](https://www.youtube.com/watch?v=ViEKPjkjEWI) + +Additionally we have whatever [Dave Lauer is hyping and releasing](https://twitter.com/dlauer/status/1497244339562586139) + +BTW do you know who [Elon Musk is, because 75.1 million people on twitter do](https://twitter.com/elonmusk/status/1497340315832832002) + +Oh yeah and one more thing: [The Legendary Jon Stewart talking GME on Apple TV](https://twitter.com/jonstewart/status/1492204167053692932?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1492204167053692932%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.shacknews.com%2Farticle%2F128808%2Fthe-problem-with-jon-stewart-is-doing-a-gamestop-gme-episode) + +Do you see where I'm going with this and how much publicity this story is getting again? This is all happening simultaneously with a DOJ investigation too. Earnings szn is right around the corner and with all this hype I'm really struggling to contain my tits. Get hyped everyone we're so close +So just a warning: unpopular opinion of the day (but it's just that, an opinion)... I don't think that getting married in today's world is worth it, with the huge rise in the average costs of weddings (apparently £30k+) and ever increasing divorce rates (apparently 42%). I don't see how being married changes your life enough to warrant this amount of financial burden, particularly for young couples today who are struggling to save to buy a home. I understand why past generations did this, as sex before marriage and living together before marriage were culturally inappropriate, but (unless you're religious) that's not the world we live in today. When you wake up the day after getting married, what in your life has really changed, apart from a massive bill to pay and a significant risk of losing a lot of your assets if you ever break up. + +&#x200B; + +So two key points here: + +**1) The cost of the wedding** + +Spending £30,000 on one day seems absurd. Even if you went cheaper and spent half or even a third of that, even £10,000 on essentially a party that's over in a day just doesn't seem worth it. + +I know of quite a few couples who have put all of their savings (that have taken them years to build) into their wedding and then had to continue to rent/live with parents for many years whilst building back up their savings to buy a house. And with property prices increasing dramatically, the actual cost of delaying getting on the ladder because of a wedding can be more than the cost of the wedding itself! + +&#x200B; + +**2) The risk/cost of divorce** + +As Bill Burr says, if you were jumping out of a plane and the guy handing you the parachute said "there's a 42% chance this parachute won't open" would you still jump? + +I've been with my partner for over 10 years, we own our home, have a healthy household income, and we plan to stay together for as long as possible. But we're also realistic in the knowledge that life is long and situations and people can change and this may not always be the way, despite how strongly we feel now. We'd hate to think that if we ever broke up that we'd have to hand over a lot of our money to divorce lawyers and make a painful situation even worse. And for me personally (as I have a lot more assets than she does) I'm worried about losing half of my assets if we ever broke up - in fact, she could meet someone else, leave me, break my heart, and take half of my assets. Why would I (or anyone) agree to this? + +&#x200B; + +So, am I missing something? Why do so many people in today's world still choose to take on this massive financial burden? Are there significant financial (or other) benefits of getting married that I'm not considering? + +I really don't mean to sound negative, and again this is just one guy's opinion. I'm eager to hear others' views and am staying open minded! In fact, given the societal pressures to get married, I'd love to be convinced to do so! +UPDATE: New AMA by BSCdaily: + +https://mobile.twitter.com/bsc_daily/status/1374710420699639816 + +Hi all, + +As I am really convinced of this project, I would like to share this opportunity I believe in and help others get into it (which will also help me, haha). I'm not here to launch a coordinated shill attack or to promise you'll be on the moon in two weeks, I just like to share an opportunity I found myself. + +To be honest: two weeks ago I decided to invest in BOG, so I do have a bit of a bias. I genuinely think this project has a lot of potential and despite I already went x2.5 I can't see myself selling in the coming months. I have been a bit in the Telegram, but left as I couldn't focus on my regular job anymore with addicting stuff like crypto Telegrams. + +Here's why I think it is a great opportunity: + +* Project started a few weeks ago, and already delivered the first features + * Charts - enables charts on Binance Smart Chain + * BOG RNG - enables RNG on Binance Smart Chain +* 2nd april will be the launch date of the third feature already + * This will be limit orders for BSC, where currency $BOG needs to be used to pay for fees +* After this feature, they will introduce stoploss orders on BSC per the roadmap. + * To add some colour to the value in this feature: + * You could buy whatever BSC memecoin you want (and there are enough of those). After purchase you could put in an stoploss order on the BOG website, which will automatically (without you being alert) sell your SAFEPIKACHU after the price drops to a predetermined amount. *This would prevent you from being pumped and dumped on.* + * Link: [https://bogtools.io/limit-orders/](https://bogtools.io/limit-orders/) +* Marketing hasn't started, but we already rose from below $1 to stabilizing on $6 despite the crypto blood bath of the past few days + * Link to Coinmarketcap graph: [https://coinmarketcap.com/currencies/bogged-finance/](https://coinmarketcap.com/currencies/bogged-finance/) +* Number of holders is gradually increasing (from 3000 1,5 week ago to 5000+ now) +* Great staking rewards (I already realized 30% of the BOG I staked as a return) +* Marketcap is **$14.5m** so really low, wouldn't be surprised if we surpass the $100m in the coming weeks as more features will be delivered (but no guarantee of course) + * This would be an x7 +* Marketing is about to start (I believe CryptosRUS will feature the project this week) +* BSC project so transaction fees won't cost you a kidney +* The name doesn't start with SAFE or an animal + +Buying is a bit of a hassle (and involved a custom token on pancakeswap), best explanation can be found on the website. On the other hand: this is a barrier that hopefully will be lifted the coming weeks and ensures that currently the project is only for early birds. + +[https://bogtools.io/token/how-to-buy/](https://bogtools.io/token/how-to-buy/) + +Happy to share, have a great day. +DAI Cracked the top 100 coins on CMC. How long till it overtakes Tether as the top pegged currency? I'm unnaturally excited about this. + +[View Poll](https://www.reddit.com/poll/9n8gbe) +This is extra "bonus" money, I already have a sizable portion in long term buy/hold where i'm normally wheeling on ~1.2m margin or secured by cash depending on what's going on. + +Risk exposure is medium on this, with a goal of doubling it in a year. Let's say Dec1 2022. + +If I pick your strategy and it gets >50% in a year I will straight up send you 1% of the profits. + +edit: spelling is hard on mobile + +Apologies for not picking a strategy yet... was sick all day Sunday and have been reviewing today. +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! +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! +Put in offers for several places now and have apparently come up just short each time. Each time the place has sold for less than what I would have offered had I known what the other offers are. I'm not willing to just blindly offer potentially $20k over what I think a place is worth, simply because I don't know what the other offers are, but as a result, I end up just missing out. + +I have asked explicitly "what are the other offers?" and "what would the vendor sell it to me right now for?". Immediately I'm met with vague, evasive answers or uncomfortable mumbling about not being able to give specific details, etc., etc. + +My question is: why the hell can't the real estate agents answer these questions? + +Additionally, why do I have to wait until a particular day "when all the offers are in" to find out if my offer is good or not? Why can't I just make an offer and get an answer straight away? I feel like this whole process is a complete joke. + +One last thing, does anyone know of a way that I can bypass the REA and go straight to the vendor? I feel like that might solve some of my problems. + +Any help or input would be greatly appreciated. Thank you. +The hedge funds have always manipulated. They have been the alphas, and are beyond arrogant, and that will be their downfall. + +[There is no free market. Cramer is not your friend with proof. This will change your entire outlook.](https://m.youtube.com/watch?v=QFfjX8dW-QQ) + +Full video breakdown. We’ve all seen clips, but this is the whole thing. How it really works. “The stock market has nothing to do with the stocks...It’s just fiction and fiction and fiction...and then get it on CNBC...” + +All of RH orders are satisfied by Citadel. Citadel connects to the exchanges, but RH customers never do. Citadel leant Melvin 2B to pay margin for 400 days @ $300 price. If GME jumps to $1200 that is cut to 100 days. This is why the freedom of supply and demand has been cut to 1 share for gamestop. Citadel can’t let the price rise or Melvin will run out of funds to pay margin too soon. RH has to bow to Citadel’s every whim because they have no connection to any actual exchange. The market is not free. + +The GME shorts are bleeding short fees. + +tell everyone about this video. Spread it. The world must know. + +[more GME breakdown](https://mobile.twitter.com/biancoresearch/status/1355265967463542785?prefetchtimestamp=1611998056472) + +Edit: + +“@dlterrie + +Replying to @KralcTrebor +and @RobinhoodApp + + +Easy to get lost in the minutia. The core issue is that the shorts were not prevented from trading when retail was. This rigs the system in their favor.” +While we will never know what exact data this man has access to, Mark has been quiet basically since February when he cheered most retail investors on. He is speaking up right now for a reason. The MOASS is starting and the kitchen is about to get really hot really soon.. if you can’t handle it SHF’s I suggest you get out and duck and cover immediately. +I'm 27 years old. Savings account at local bank pays 0.0001% interest rate(or some shit). + +Why am I keeping thousands of dollars JUST SITTING? I just pulled a Michael Saylor and converted the entire thing to bitcoin. Somehow I feel a little bit of relief knowing that my money is 100% safe from identity theft or my physical wallet being stolen. + +Just sold my 401K of $4,000 into BTC. Over an entire 1 year period, that 401K only grew $1000. Bitcoin more than doubled that. + +I don't even care that some older folks I know thought it was stupid. I am young enough that even if this all goes to zero, I can still pay my bills, and have plenty of time to catch up to build retirement fund. + +Fuck it. I'm all in. + +Literally. +EDIT: Now down over 1000, the second worst drop ever +No I'm not some doomesdayer and I realize interest rates are only partly why the drop happened. Most likely another correction relax +Been lurking here a long time, this is a great sub and I want to thank everyone for their questions and answers. If there is anything I can do to help someone else, please feel free to reply with a question. + +&#x200B; + +I was surprised at how many people came up to me at work when they found out I wasn't leaving for another job, curious about how I'm doing it, asking how did we come to that decision, telling me how miserable they are and wish they could do the same...I think I made more than a few converts today! + +&#x200B; + +(Of course there was plenty of "you're gonna be so bored" too...makes me sad to hear people think like that.) + +&#x200B; + +Edit: Some requests for details so here goes. Guesses below are wrong - not real estate or tech. and Im in the boston area not SF. (BTW i didnt count the house in my numbers, to me it doesnt help unless/until we sell). Went to med school, practiced for a while, got burnt out, got a job in pharma, turns out was pretty good at it. But grew to hate the corporate BS, the commute, and wanted to spend my time the way I want to spend it. We didnt live like paupers, but were relatively frugal and saved our asses off -- \~75% post-tax. Put every extra dollar towards the mortgage, the kids college funds , and retirement. We did not, and I cant emphasize this enough, worry at all about keeping up with the Joneses. We have the smallest house out of everyone we know, a normal kitchen with normal appliances, we buy our cars with cash and drive them into the ground, no summer home in the cape (I know this sounds crazy but a vacation home is like a standard thing around here). When i got a bonus, it all went to house or savings. + +&#x200B; + +I tracked our spending every month on a homemade spreadsheet, not to the penny, but the general categories. Didnt have a budget, per se, but I kept an eye on things, and like i said we werent big spenders anyway so didnt have a need to put controls on ourselves. + +Also tracked my investments monthly, and after some early attempts at "diversification" eventually wised up and put everything into S&P500 index funds (except for a small portion into a tax-free bond fund). Took advantage of everything my company offered: ESPP, 401K match, deferrred comp, etc. Eventually it reached a number i liked, and some events at work made me decide the time was right. +&#x200B; + +[Banner submission by: u\/Shubaobao](https://preview.redd.it/5ji23uu43fw61.png?width=4000&format=png&auto=webp&s=f22029c5ba4804dd1b80088de7641a6bbde84794) + +# Good Morning Superstonk!! + +Happy Saturday!! 🤙 + +Did y'all think this cat was gonna sleep on the weekend?! + +Go watch the [Dr. T AMA if you haven't yet!](https://youtu.be/fGVY2Kco8ng) + +[Transcription Now Available!](https://www.reddit.com/r/Superstonk/comments/n1vubv/stonky_news_special_report_dr_susanne_trimbath/?utm_source=share&utm_medium=web2x&context=3) + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# Important Update regarding SEC posts re: Market Manipulation and Organizing + +So the reason for this Saturday Morning Post is an important one. There is a lot of confusion around the sub (and other subs... and twitter...) about [what constitutes market manipulation](https://www.reddit.com/r/Superstonk/comments/n22g01/breakdown_of_legalese_to_speak_part_5_market/?utm_source=share&utm_medium=web2x&context=3). I, myself have been confused on the legalities and nuances of these terms "manipulation" and "organization". + +Which is why I think it's important that you hear from your mod team (which includes several experienced in Law) what we have consulted and found to be **accurate information. THIS DOES NOT CONSTITUTE LEGAL ADVICE FROM OR FOR ANYONE!** + +Yesterday the sub feed was flooded with SEC related hashtag posts which were deemed to be repetitive and clogging the feed, so the mod team did remove several duplicate posts for Spam. This was not a direct endorsement nor denial of the post content, just trying to keep the sub clean from topical bottlenecks while we consult as a team and decide a course of action. Remember this whole thing is extremely fluid and your mods are having to adapt by the minute to keep this rocket steered in the right direction! This is a full time job and we really appreciate your patience! 💖 + +[Spoiler alert: It's totally legal!](https://preview.redd.it/l5fdky37uew61.jpg?width=740&format=pjpg&auto=webp&s=278a1b4161335148aaa5396a7f924d4c941fe701) + +I encourage you to read [this post](https://www.reddit.com/r/GME/comments/mexeyi/we_are_not_manipulating_the_market_a_judges_take/?utm_source=share&utm_medium=web2x&context=3) by u/vbache who is a Judge and Euro-ape. This particular quote is of note, and directly applies to the topic at hand: + +***"I think the ‘we are in this together’-aspect of the situation needs to be reiterated and enforced in order to increase the likelihood of a near infinite squeeze, which would in turn allow each and every one of us to reach their respective goals.*** + +*And it is imho legal for us to do so. To qualify a behavior as market manipulation under EU law a set of specific criteria needs to be met and I suspect, similar principles to be applicable in common law countries. In broad strokes there at least needs to be a dominant position on the market in question of the actor(s), either individually or collectively and secondly, these actor(s) need to take coordinated action to restrict supply in order to achieve predetermined price targets.* + +*The individuals on this sub do not hold a dominant position in this sense. Even if we collectively own (multiples of) the float of GME, we do not act as such a collective. The key to define a market manipulating collective is that the individuals participating in the collective can be forced to adhere to the collective's decisions (enforcement mechanism). We do not have an enforcement mechanism since being called a paperhand is not a strong deterrent. Each and every one of us is free to exit our positions at whatever price point we individually deem appropriate." -* u/vbache + +&#x200B; + +**So the TL;DR for that is: WITHOUT AN ENFORCEMENT MECHANISM, THERE IS NO MANIPULATION**! + +Enforcement is the *key* to a manipulation case. Do we make paper hands actually pay some sort of penance for selling? **NO**. Do we have an agreed upon floor price that we all must adhere to? Umm..... :gestures broadly at literally everyone debating possible floor price: + +&#x200B; + +Market manipulation is doing something to inflate or deflate the price of a stock. THESE are the ESTABLISHED GROUNDS for charging someone with market manipulation. And do you know how many times that's happened? Like [5](https://www.reddit.com/r/Superstonk/comments/n22g01/breakdown_of_legalese_to_speak_part_5_market/?utm_source=share&utm_medium=web2x&context=3) times. And they were all people in the industry. + +&#x200B; + +There's no case for market manipulation in this subreddit, or even in the GME Saga as a whole. + +&#x200B; + +Well, I lied. Hedgies are doing plenty. + +&#x200B; + +So when you see people referring to "we" or "us", *they aren't doing anything wrong.* This is a community, right? Everyone here isn't just a figment of your imagination right? **(right?!?)** + +&#x200B; + +[We are all friends here](https://preview.redd.it/gty4wzmgdfw61.jpg?width=800&format=pjpg&auto=webp&s=ac40d392ec1eb7c5b9338c66db4b82c938bd75f8) + +# We are a community. And no one can stop us from liking and discussing a stock. That's what they want you to think. + +What's the difference between our sub and the idea dinners the rich have been attending for decades? *The expense report*. Do you remember when American Politicians used insider information about the pandemic to profit off of the resulting crash? **APES REMEMBER.** Don't let FUD stop you from bonding with your fellow ape. This is actually essential to our journey. Get in here and love each other. It's Woodstonk 2021 up in here✌💖🌼☮ + +*A comment from our* *~~General~~* *Queen,* u/RedChessQueen99\*:\* + +*" Any use of the words "we" or "us" is not evidence of manipulation. We are not the ones manipulating the market. The use of words that suggest we are a group only references this community of people, who are individuals investing in the same stock, but as individual retail investors. This community is not a place to organize or manipulate markets and it never will be. It is a place for sharing publicly-available information and analyzing/studying that information as a community in a way that benefits everyone fairly and safely. "* + +# And while we're talking about a movement... + +Do you know what Dr. T recommended we do as a next step in our course of action? + +[**Contact the NASAA.**](https://www.reddit.com/r/Superstonk/comments/n1rgr2/please_read_and_take_action_dr_t_suggested/?utm_source=share&utm_medium=web2x&context=3) + +Do you think Dr. Susanne Trimbath, PhD Economist, Former Manager for the DTC, Former "Plumber of Wall Street".... the author of [the book that is starting this serious public conversation](https://spiramus.com/naked-short-and-greedy), would tell the people that are finally supporting her and listening to her... *after 30 years of being ignored partially just because she's a f\*ckin woman*... do you think she would tell us to do something that would hurt us or that would stop progress? NO. + +[Trust Dr. T. She's OG Ape](https://preview.redd.it/gtmexcl3ifw61.jpg?width=711&format=pjpg&auto=webp&s=dae17c0c3a864fa435661cff06b4a72a1534b3cf) + +**No it's not illegal to petition the government to pay attention to illegal activity. You don't have to own any stocks to belong to** r/Superstonk\*\*. Or to be a part of a\*\* [**civil movement**](https://www.nytimes.com/2020/06/18/technology/social-media-protests.html) **to expose Wall Street Corruption. You are free to participate (or not) as you please. There are no requirements in this sub except that you behave according to our rules.** + +You know what's also totally not illegal and a right for everyone? *To contact your representatives whose decision making effects your life.* We live in a democracy. It did not suddenly become illegal to decide to contact your representatives because you have been made aware of illegal activity on reddit. There is nothing criminal about democracy. 💪 + +Speaking of democracy, I will add that part of the reason for such a tight control on the situation with the SEC posts were the hashtags. There were several FUD posts popping up on Twitter that associated the SEC movement hashtag on the same posts as violent and inciteful hashtags. Homie don't play that. Not in my sub. That's why you saw a few posts about the topic, and the rest were deleted. We nip that in the bud 'round here. + +**But I strongly urge you to keep a lookout for FUD aimed at leeching off of the positivity found here. A potentially positive message can easily be tainted by FUD spreaders grifting off the popularity. Be vigilant and always report anything that looks sus.** + +Please be aware that this is an achilles heel to the popularity of this sub and its content- our greatness can be turned to a weakness if we aren't vigilant in our defenses. You think I'm playing? I've been posting in these subs since January and I've seen first hand the psyops battle being played on this battlefield. From bots to paid shills to upvote trickery... This isn't nuts, it's *history*. + +And with that, I want to leave you with a sort of hybrid quote from Dr. T, with my own perspective: + +# It's hard to know you're reading history when you're the one writing it. + +✌💖🚀💎🐈 + +&#x200B; + +[Know your rights](https://preview.redd.it/041esclfofw61.jpg?width=549&format=pjpg&auto=webp&s=8085774d8a8d1014c2caadb6c0d3025e4daf4d14) + +P.S.- Contact your brokers if you haven't received your Control Number yet for proxy voting. And follow the instructions to vote provided by your broker! Happy Saturday! 🚀🚀🚀🚀🚀🚀🚀 +GameStop said the NFT marketplace launch will be announced in a 10K or 10Q report. + +I think that’s why we’ve seen such extreme shorting today and the last few months really. + +I know not many are hyping an NFT dividend anymore, but it’s still entirely possible still. Right? + +Either way, MOASS is inevitable and no one is fucking leaving until the financial terrorists are in jail and we see the biggest wealth transfer in history, except the opposite way this time. + +It’s time to take it ALL back. +Hello, I want to build a small high dividend portfolio for the next 3 years, to cover some bills that will build up during my college time. I plan to use 1.000€. I thought about getting a dividend yield of at least 8%. Is it worth to go maybe even higher with the yield or is it to risky?. I don‘t really care if the stocks don‘t go up but don‘t wanna loose money on them going down a lot. I‘m open for any feedback and stock recommendations. +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! + +See details here: + +https://status.kraken.com/incidents/nswthr1lyx72 + +Further announcements will be made via other fora (twitter.com/krakensupport / twitter.com/krakenfx / bitcointalk / blog.kraken.com / e-mail). + +Thanks for bearing with us during this extended downtime we've had for the upgrade. +Stocks in mainland China plummeted about 9% on Monday morning as they returned to trade following an extended holiday amid an ongoing coronavirus outbreak. + +The Shenzhen component plunged 9.03% in the opening minutes while the Shenzhen composite fell 8.882%. The Shanghai composite dropped 8.6%, according to Reuters. + +In Japan, the Nikkei 225 dropped 1.59%. The Topix index also declined 1.25%. South Korea’s Kospi also shed 1.46%. + +Meanwhile, shares in Australia tumbled as well, with the S&P/ASX 200 dropping 1.69%. +Overall, the MSCI Asia ex-Japan index traded 1.39% lower. + +Investors will be bracing for the return of trade for mainland Chinese stocks at 9:30 a.m. HK/SIN on Monday, following an extended holiday amid an ongoing virus outbreak that has taken more than 300 lives in the country so far. + +The People’s Bank of China announced Sunday that it will inject 1.2 trillion yuan (approx. $173 billion) worth of liquidity into the markets via open market reverse repo operations. The Chinese central bank said the overall liquidity in the system would be 900 billion yuan (approx. $130 billion) more as compared to the same period last year. + +“While this will be the largest single-day addition since 2004, it implies a mere net injection of RMB150bn as commercial banks are scheduled to repay RMB1.05tn of funds on Monday,” strategists at Singapore’s DBS Group Research wrote in a note. “The authority may need to inject more cash in the rest of the week via reverse repo and/or medium-term lending facility to soothe market nerves.” + +https://www.cnbc.com/2020/02/03/asia-markets-china-markets-coronavirus-caixin-manufacturing-pmi-in-focus.html +I’m a future real estate investor looking to gain as much knowledge as possible about all aspects of buying and owning multi family properties and how to be successful at finding great opportunities. Thank you!! +We need to clarify some terminology. People get up in arms if someone (including ComputerShare) says this is a stock split and not a dividend. They are right. This IS a stock split first and foremost. It cannot be a dividend because a dividend would be a taxable event. That is why it needs to be processed as a stock split. So before you hit the downvote button, let me clarify a few things first. + +THIS IS A STOCK SPLIT VIA A DIVIDEND. NOT A DIVIDEND ITSELF. YOU ARE NOT GETTING EXTRA FREE DIVIDEND SHARES. YOUR GETTING 3 ADDITIONAL SHARES FOR EVERY SHARE OWNED AND SINCE THE UNDERLYING PRICE WAS DIVIDED, IT AMOUNTS TO A STOCK SPLIT. + +So, then why did GameStop include the word 'via dividend'? Because they wanted to make sure that the stock split happens for ONLY legitimate shares in the float. Unlike a regular stock split which would just multiply ALL shares including any phantom shares. This is a very important distinction!! + +&#x200B; + +**So what happened in ComputerShare?** + +\- ComputerShare has ONLY legitimate shares and they performed a stock split as per GameStops instructions. That's it! If asked they will say we did a stock split. Edit- to clarify they actually added three additional shares from GameStop directly for each share owned so it’s not like your original share owned was split. But, since the underlying price got divided, it amounts to a split. + +**So what happened in Brokerages?** + +\- They entered correctly in the system entry words like "Dividend" or "Distribution" or "stock split". All that is correct. However, they being part of the corrupt system have recorded it correctly but it's more than likely there weren't enough actual shares left so most likely, NO ACTUAL shares were delivered to them. DTCC gave them IOUs and they have given you the stock split VIA a dividend in your brokerage account but as always it's still an IOU. They multiplied it for any phantom shares as well. (Which I believe exist) + +&#x200B; + +**So what happened in Germany?** + +\- They did a regular stock split. Realized their mistake, Switched it to a Dividend (again wrong) because this would be a taxable event. They will now revert back to stock split...but noted that Shares need to be delivered (unlike the US system of IOUs) for this to be a stock split VIA a dividend (as per GameStop's instructions) + +&#x200B; + +**CONCLUSION** + +\-ComputerShare has done the correct thing. DON'T be outraged if you hear ComputerShare say "This is a Stock Split NOT a dividend". A dividend would be a taxable event. So, they are correct! It is a Stock Split but key word being, VIA a dividend. Which means only legitimate shares get the stock split. All shares in ComputerShare are legitimate so they don't have to say Dividend which is a taxable event. + +\-Brokerages as usual have given you IOUs but processed it correctly in the system. However, ALL shares owned by retail (including phantom shares have gotten multiplied). This is the part that is absolute wrong what the brokerages have done. They need to either recall shares back from the shorting hedge funds, get real shares from the DTCC or purchase shares from the market, so each Stock split (via) dividend is legitimate. Of course, they won't do that and just choose to give you an IOU instead. If you want to make the IOUs real...the ONLY solution for a retailer like myself is to DRS those shares to ComputerShare. They obviously don't want you to do that. Rather they would like you to get fed up and sell. But, that is NOT going to happen. + +So educate yourself on the terms and don't react unreasonably if someone (including ComputerShare) says this is a STOCK SPLIT. + +EDIT - since this is gaining a bit of traction. I just want to say that every share you own is real no matter where you bought it. it IS real. However, only way I personally can ensure it is real is by putting it in my name and DRS’ing. That is what I CHOOSE to do with my investment in this company that I love. I will continue buying, hodling, DRS’ing, supporting the stores and the marketplace, and I as a delighted customer and investor can’t wait for the immutable integration and to see the volume passing through the marketplace. + +As a side note - it will be interesting to see what the FTD data will be in the coming months. + +Edit 2 - I didn’t mean to imply ComputerShare cannot do dividends. They can do it as well. Not what my post was talking about. For those confused that why would dividends be taxable until you sell - You are correct it’s not taxable only in the sense that these dividend shares are coming as three additional shares for every share owned and because the underlying price is divided, it amounts to a stock split via dividend. So, not taxable until you sell. A traditional stock dividend share WOULD be taxable if these were BONUS shares AND the underlying price were not to be divided. So this doesn’t apply to us. That is why this is not a dividend in the traditional sense. It is a stock split VIA a dividend and the only reason to do this way is GameStop wanted to ensure that only shares in the legitimate float get the additional three shares. +Everyone has seen what Shiba Inu has managed to achieve as part of the $50B+ meme coin market sector, now Shiba Cash is here to provide an opportunity for new investors on Binance Smart Chain. + +It has just been announced in the TG and on Twitter that it will be officially listed on HotBit exchange, with an AMA first followed by live trading later today! + +**WHAT IS SHIBA CASH?** + +ShibaCash is a community token that has amassed 19k+ holders in only a few weeks. It is 100 percent safe and unruggable - liquidity has been burnt forever, contract ownership is renounced, and it was fair launched with no dev or team tokens, and it has passed a full security audit by Tech Rate! + + +It has hyper deflationary tokenomics with a 10% tax on all transactions, with 5% instant rewards to holders and 5% added to growing the liquidity pool. + +It started with 500 T initial tokens and 65% burnt on launch, currently there are less than 154 T circulating tokens and it is continuously burning with every transaction! + +It has already been listed on CMC and CG and now securing it's first exchange listing it looks like it is really going to take off. + +There are future plans to develop the ecosystem with a new staking rewards token, swag store, NFT platform and charity donations! + +You can find all the news in their official Telegram [https://t.me/ShibaCash](https://t.me/ShibaCash) and Twitter [https://twitter.com/Shiba\_Cash](https://twitter.com/Shiba_Cash) + +🌏 Website: [https://www.shibacashtoken.com/](https://www.shibacashtoken.com/) + +&#x200B; + +**WHERE TO BUY** + +SYMBOL: $SHIBACASH + +Buy on Pancake Swap + +Contract: 0x7e4e3ba4675c39ff2863073e171b0a2e93a592e0 +I have a question surrounding the $1500 wage subsidy. My employer is saying we are to continue working full time and will only receive the $1500 wage subsidy, we earn more than this usually. + +This does not seem correct to me? +I don't know if it's been like this for a while but the cost to weight ratio is way off between a big burrito and a normal burrito. Only 9% more burrito for 52% more cost. + +[Side by side](https://i.imgur.com/xowszE7.jpg) +[Big Burrito Weight](https://i.imgur.com/JDdZYWB.jpg) +[Normal Burrito Weight](https://i.imgur.com/Y7rT7OB.jpg) + + + +Item | Cost | Cost Diff | Weight | Weight Diff +---|---|----|----|---- +Big Breakfast Burrito | $13.70 | 152% | 384 | 109% +Normal Breakfast Burrito| $9.00 | | 352 | + Friends, + +In case you forgot, I feel like we have to talk about this. More and more posts and comments start to emerge about Thomas Peterffy, CEO of Interactive Brokers being "a good guy". + +Let me remind you, in January: + +&#x200B; + +1. Disabled buying GME on Interactive Brokers +2. Interctive Brokers is **used globally by dozens of retail brokerages** as "prime brokers" (you could see this with all the voting problems as well. IB popped up many times as the main culprit behind the scenes why apes couldn't vote) +3. The moment he stopped buy orders **half the world blacked out**. All the brokerages that use IB as middleman had to stop as well. I'd wager that combined this effect caused more damage than Vladboy from Bulgaria. RobinHood is US only, whereas IB covers the whole world. +4. Went on CNBC and said: "**I'll allow buy orders when GME hits $17 again**". 1 day later **the uploaded CNBC clip had this part removed**. + +Check out the video in this tweet, its only two minutes long. The way he laughs makes my blood boil. +start at 0:20 if you are impatient. + +[https://twitter.com/bullinvestpr/status/1354887834252017669?s=21](https://twitter.com/bullinvestpr/status/1354887834252017669?s=21) + +Even though Citadel might be the bogeyman behind the scenes, this shitsack of a CEO is as much part of the problem as they are. + +**They did a magnificent job of damage control**. All the hate and anger is directed towards the Boy from Bulgaria. But **Interactive Brokers was among the first ones to limit buy orders** in the so called "meme stocks" **in january.** + +Don't let the forum slide, and **don't believe his lies**. He wants to save his ass, thats all there is to him, but given his actions in january he wouldn't piss on you if you were on fire. +Is there anything in particular to be aware of or you wish you knew before you invested in a "bigger" complex? + +Anything to look out for that someone who has only invested in smaller properties should be aware of? + +Biggest I have is 8 units but currently looking at a 38 unit +” It’s tough to get out of bed to do roadwork at 5am when you’ve been sleeping in silk pajamas” -Marvin Hagler + +I find a lot of people here focusing on luxury and maximizing life enjoyment after FATFIRE'ing (nothing wrong with this). But I'm curious what people are doing to continually build their mental and physical toughness / resiliency as they age. + +For me, it's going to be challenging myself physically via MMA cage-fighting. Hoping to get my BJJ black belt eventually and continue to work on technical boxing (no sparring). Also attempting the 7 Summits Challenge and Clipper Around the World Race within these next 10 years. + +What things do you guys have in mind? + +My worst fear is that the money is going to make me soft and fat. And before I know it my brain and body have rusted out because I was too busy indulging my gluttonous whims. Essentially I always want to stay committed to the "5am roadwork" as that's what brought me to the FATFIRE dance in the first place. + +Edit: I started boxing in my late teens and sparred when I was in my early to mid 20s at places like Gleason's; moved away from hard sparring (boxing and muay thai) as I got older so now I just hit pads for striking; I live roll BJJ 1-2x a week which is not enough for black belt but I plan to do it for another 20 years + +Edit: Based on the comments, I can tell a lot of you have never experienced the absolute diabolical joy and thrill of hitting someone square in the face or strangling them in a triangle choke ... 10/10 would recommend. + +* Edit: Alright you guys have talked some sense into me: no Everest, rolling not worth the orthopedic injuries, definitely no shots to the head at any time, try hiking, try cycling, and most importantly force myself to meditate more +* And I learned don't be poor and try to do the ironman from u/sarahwlee +Dear CryptoMoonshots Lovers, + +Normally, I won't post about "shitcoins" with a chance that it can rug people on CMS. However, recently i found a promising enjoyable community that are representing Fortune Cookie. The devs are continually in contact with the holders or in this case members. While the ownership is fully renounced and liquidity is locked for your safety, the project is rug proof! + +Now, let’s get into what makes this coin exciting! + +💎 Fortune Cookie! 💎 + +🥠 What is Fortune Cookie? + +Fortune Cookie is quite simple: A lottery token where you can earn just by trading! 10% is taxed on every transaction and added to the fortune pot. For every 50 transactions, one holder gets the entire fortune pot. + +Conditions: You must be a holder who has at least 2% of the pots value, one lucky holder will be selected! Will your cookie bring you fortune? + +🥠 Tokenomics: + +* 10% to the Fortune Pot – which is won by a random holder every 50 transactions! +* 5% back to Liquidity +* 3% to the Marketing Wallet – for 24/7 marketing! +* 2% Burnt to hell +* Max Per Transaction: 5B Tokens (0.5%) – so no whales! +* Max Per Wallet: 20B Tokens (2%) – so no whales! + +💻 Contract Address: 0xca94698f5a683939700ea611d6ada30cae632a9d + +💻 BSCScan: [https://bscscan.com/token/0xca94698f5a683939700ea611d6ada30cae632a9d](https://bscscan.com/token/0xca94698f5a683939700ea611d6ada30cae632a9d) + +💻 Telegram Group: [http://t.me/FortuneCookieV2](http://t.me/FortuneCookieV2) + +💻 Website: Join The Telegram For The Link! + +Join the community! The telegram is getting more exciting every day, the developers recently added a lottery bot, you can type/lottery and it will update you on the state of the lottery! Big marketing plans are in the works, with influencers etc! CoinGecko, CMC and Blockfolio listings have been applied for. + +Once again, ownership has been fully renounced and the liquidity pool is entirely locked! + +🔥 ALL LIQUIDITY POOL BURNT 🔥 OWNERSHIP RENOUNCED + +For any other questions or information, such as the Official Fortune Cookie website, please visit the Official Fortune Cookie Telegram group! + + +Sauce:[https://www.bloomberg.com/news/articles/2020-12-24/china-launches-probe-into-alibaba-over-monopoly-allegations](https://www.bloomberg.com/news/articles/2020-12-24/china-launches-probe-into-alibaba-over-monopoly-allegations) + +My guess as a Chinese, only my thought not investment advice: typical fighting among "nobles", won't affect a lot, probably after a month everything will be fine, Alibaba won't get any kind of real punishment, only to decide the ones who get more cake under the table. Good chance to make decent money. + +To create a professional system and provide them the best work environment, education, personal upgrades plus development. +To ensure freelancers have the free access to over thousands of projects, vacancies, testing system with self directive functions and a teaching class from the global leading academic. +this system major on financial protection for all participants, as a result of this, all system activities use a the AgileSC based on blockchain tech. Visit [homepage ](https://umka.city/) +I was inspired by the other family-oriented thread! + +I’m 28F with no kids, but my fiancé and I are hoping to have kids in the next 2 years. I’m trying to estimate what having kids will cost over the next ten years. We plan on 3-4 ideally so I imagine the spending will add up. + +My mother will come live with us, so **I didn’t include childcare.** Feel free to include it for yourself. We do both prefer to keep working. + +However, activities are likely to be super important to us and we plan to spend what sounds like a lot to me (maybe not to some of you!). + +The below are what we are considering, and I’m interested in hearing what others do, whether my costs are reasonable (HCOL), and how much your hobbies cost. + +**Edit:** got some initial feedback so I’m making some adjustments to the below numbers (initially came to 10k/kid - this is for the first 10 years fyi!) + +* Season passes for skiing (we live close enough to day trip) $1000 pp/year +* Music lessons $2000 pp/year +* Sports (3-5 different sports) $3000 pp/year +* Camps $6000 pp/year +* Museum / zoo memberships / other cultural activities $1000 pp/year +* Vacations $2000 pp/year + +So total is $15k/year per kid. + +I imagine these costs go up after middle school, so I’m especially curious for feedback from people with younger kids and/or from larger families! + +Please share your own breakdowns as well! +Long post ahead, but I encourage you to read the whole thing. *(This is a re-post and an updated version of a GME DD that reached the front page of WSB and many requested it to be pinned. I am re-posting for visibility and because I believe the message should be shared, particularly at this junction in time. If you've seen this post before, I would appreciate an upvote for visibility)* + +TLDR: **Data points strongly point to Hedge Funds using tricks to appear as if they covered their shorts when they haven't truly covered, specifically an illegal method/loophole to "cover" their shorts with synthetic long shares generated from the use of options**. Full details below. + +There’s an insightful piece on [TradeSmithDaily](https://tradesmithdaily.com/investing-strategies/the-drop-in-gamestop-short-interest-could-be-real-or-deceptive-market-manipulation/) that identifies two ways for both short interest and price to fall quickly. + +The first scenario is from retail investors not holding the line and panic selling, driving the price down further, releasing into the market more of the float and enabling shorts to cover/buy back shares at progressively lower levels. + +\*\* + +From TradeSmithDaily: + +Plummeting short interest along with a plummeting GME share price, in other words, could indicate that the Reddit army is headed for the hills, and the longs were selling early, giving the shorts a means to cover, as the longs got out… Important to note that if the long holders of GME shares did not break ranks and sell en masse, it would have been impossible for the share price to fall and hedge fund short interest to fall at the same time. because, without a critical mass of long-side holders selling into the market, the hedge funds covering their shorts would have nobody to buy from as they covered (bought back) their short positions. + +\*\* + +The second scenario is where hedge fund short interest in GME didn’t really dissipate but instead they played a trick to make it seem like it did, demoralizing the retail side and further “breaking the squeeze.” + +\*\* + +From TradeSmithDaily: + +The way the hedge funds could have done this — made it appear as if they covered their shorts, even when they really didn’t — involves trickery in the options market. + +The tactics involved are not a secret. In fact, the Securities and Exchange Commission (SEC) knows all about such tactics, and published a “risk alert” memo on the topic in August 2013. + +The SEC memo is titled “Strengthening Practices for Preventing and Detecting Illegal Options Trading Used to Reset Reg SHO Close-out Obligations.” You can [read it here via the SEC website](https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf). + +The memo contains a dozen pages of highly technical language, but here’s a quick rundown: + +* If short sellers are facing a squeeze because shares are hard to buy, or scrutiny for holding an illegal short position, they can create an appearance of having closed their short position through the use of deceptive options trades. +* A hedge fund that is short a stock can write call options on a stock — meaning they are now “short” the call options, having sold the call options to someone else (typically a market maker) — and simultaneously buy shares against the call options. +* The shares bought against the call options could be “synthetic” longs — meaning they are not part of the original share float of the stock — as sold to the hedge fund by the market maker that takes the other side of the options trade. +* This works because, if a market maker buys options from an options writer, the market maker has legal privileges to do a version of “naked shorting” as part of their hedging function. This is necessary, under the current rules and the current system, for market makers to protect themselves when facilitating options trades. +* As a result of the above transaction, the hedge fund that sold short calls was able to buy synthetic long shares against the calls. (A synthetic share is one that has a long on one side and a short on the other but wasn’t part of the original float.) The synthetic long shares are the other side of the naked shorts, legally initiated by the market maker, so the market maker can hedge. +* The hedge fund that bought the shares can now report that they have “bought back” their short position via buying long shares — except they actually haven’t! The synthetic shares they bought are canceled out against the short call positions they initiated, a necessity of the maneuver by way of the market maker’s hedging of the call position they bought from the hedge fund. + +It gets very complicated, very fast. But the gist is that **hedge funds can use tricks to make it look like they’ve covered their shorts — even if they haven’t truly covered, and can’t, for lack of available float — by way of exploiting loopholes** that exist due to an interplay of reporting rule delays, market maker naked shorting exceptions, and legal practices of synthetic share creation (new longs and shorts made from thin air) relating to market-making. + +Below is a section of the SEC memo (from page 8) that gets to the heart of it: + +***“Trader A may enter a buy-write transaction, consisting of selling deep-in-the-money calls and buying shares of stock against the call sale. By doing so, Trader A appears to have purchased shares to meet the broker-dealer’s close-out obligation for the fail to deliver that resulted from the reverse conversion. In practice, however, the circumstances suggest that Trader A has no intention of delivering shares, and is instead re-establishing or extending a fail position.*****”** + +\*\* + +In short (no pun intended) these tricks “help hedge funds maintain short positions that, legally speaking, they weren’t supposed to have because the shares were never properly located”. Which triggers alarm bells when we consider the extraordinarily high amount of FTIDs/Failed to Deliver Shares ([https://wherearetheshares.com/](https://wherearetheshares.com/)) and Michael Burry’s (now deleted tweet viewable here [https://web.archive.org/web/20210130030954/https://twitter.com/michaeljburry?lang=en](https://web.archive.org/web/20210130030954/https://twitter.com/michaeljburry?lang=en)) about how when he called back shares he lent out, brokers took weeks to actually find them with the implication they could not be located. + +These factors lend credence to the idea that shorts weren’t really covered but were given the impression of being covered with trickery using options, in order to “cover” short positions they shouldn’t have had to begin with because shares were never properly located. To summarize, it is the act of prolonging an illegal short position with the use of synthetic shares generated through via a loophole that is the issue at hand. + +If this is true, and there are signs that it is, this would allow short side funds to prolong their short positions indefinitely. This inspires a thought experiment, **if funds are able to prolong their short positions with this method, wouldn't it make more financial sense for them to prolong their shorts rather than truly cover and close out their shorts at a -500% to -5000% loss** when prices were at 300-400 last week (when they supposedly closed out a majority/large amount of short positions)? The saying for stocks goes "its only a loss when you sell." The version for shorts would be "its only a loss if you close out your short positions." + +Another factor to consider is there are well reasoned posts [here](https://www.reddit.com/r/wallstreetbets/comments/ledjwa/how_there_is_no_mathematical_way_shorts_were/) and [here](https://pastebin.com/AuhuKJu4) (now a pastebin, originally a popular post from a reddit user) that present the argument that, mathematically speaking, shorts could not have afforded to truly cover the majority of their positions. Based on this logic, if shorts could not have afforded to truly cover most of their positions, it may have made the most sense for shorts to only cover their most underwater positions and prolong the majority of remainder shorts positions with the help of synthetic longs. The end goal being to wait for retail interest and stock price to go back down before truly closing all their positions (though FTID/phantom shares caused by the synthetic longs may be another complication for shorts to close their positions.) + +In addition, one point that may be relevant to explore is if a large amount of short positions were indeed truly covered, there would theoretically be immensely strong buy pressure to drive the price of the stock up. Instead, during this past week when shorts supposedly covered, price of the stock somehow went into a free fall. Why? Something to think about. + +I would be remiss to mention that another data point that may be of significance is that an entity recently purchased 43 million dollars worth of 800 dollar call options to expire in March ([screenshot from a WSB post](https://preview.redd.it/b21gob6z5ze61.png?width=1788&format=png&auto=webp&s=615555f4e98da988c49a89ea5991d6c7063ff7a9)). In practical terms what this purchase may seem to indicate is that whoever made the purchase believes there's a chance and risk the price of the stock could shoot past 800 by March, which would also suggest that they believe a squeeze is still possible and are hedging for it. If you happen to believe this entity is a hedge fund then you may draw your own inferences from that as to what that could mean. + +In considering the potential use of synthetic longs by shorts to prolong their positions we must also consider the possibility that shorts may no longer be under as much pressure as they were before to cover. What can retail investors do in that case? Two thoughts come to mind. + +**A) One recourse retail investors could have would be to encourage GME to issue a reverse stock split as it forces borrowers to return shares back to their holders, which in theory would put the naked short sellers in a compromised position. If you care about forcing the issue, you can follow the instructions** [**here**](https://www.reddit.com/r/wallstreetbets/comments/lcpwh0/how_gme_can_still_be_a_great_play/gm2tsnw/) + +**B) Another recourse would be to bring the matter to the SEC's attention for investigation, which you can do at** [**https://www.sec.gov/tcr**](https://www.sec.gov/tcr) + +Sidenote: On the subject of synthetic long shares, another instance where they came into the story recently was when S3 Partners released it's GME short interest % calculations last week, from a short interest from on 122% on 1/28 Thursday to 113% on 1/29 Friday) to 55% on 1/31 Sunday, which many found to be suspicious. Later it was discovered that number of 55% was calculated using the same data set that yielded 113% short interest percentage, but with the significant difference of including synthetic long shares into the short float equation, which is against standard practice but which S3 abruptly decided on Sunday to make their new main metric of SI%. Many questioned the logic and timing of this decision. One consequence of this decision was that the media picked up on the "new" short interest percentage of 55% and spread it as a new narrative during market open on the morning of 2/1 Monday. Whether this influenced subsequent buy/sell behavior, and if so to what degree, is something to consider. + +If you think of GME as a battle between short side funds and retail investors (there are likely other players involved but for the purposes of this analysis we'll focus on these two), information plays a major role and there is an information asymmetry on the retail investor's side. For example, hedge funds know the positions they're in and can share data with each other whereas retail investors are in the dark about many important data points. An example of an information asymmetry on the retail investor's side is the unavailability and general inaccessibility of true real-time short interest percentage. A lot of retail investors are waiting for the short interest report on February 9th to help inform them of their next moves, but while this report is a data point, the data in the report will still be two weeks old. With that said, examples of what investors have available for estimating the immediate short term interest are things like short interest borrow rate and calculated inferences from other data points. + +There's an oft repeated adage on WSB that retail investors can stay "retarded" longer than funds can stay solvent. The "paper hand" sell off earlier this week in part appears to contradict that statement. To explore it from a different perspective, if you consider the possibility that short side funds are taking a long term play (on their short positions by extending them with synthetic long shares), then so far it would seem that funds can stay solvent longer than paper hands can stay patient (case in point being the retail sell-off when the price started dropping.) + +At least one lesson that could be draw from this is that the better retail investors understand how hedge funds think and operate, the better it will benefit them in navigating this situation intelligently. An analysis of events of the the past week leads me to believe hedge funds deployed at least three tactics from the Art of War: + +* **"Deceiving and confusing the enemy is a more effective path to victory than openly fighting with them."** I personally believe the press release from Melvin Capital on 1/27 about closing their short positions was an example of this, they wanted us to believe their short positions were closed thus ending justification for the short squeeze. +* **"If you know your enemies and know yourself, you will not be imperiled in a hundred battles."** Hedge funds knew the weakness of the retail side was the lack of cohesion and leadership (by nature the lack of leadership was a disadvantage for any leader to the movement may be accused of manipulating retail buyers and scapegoated) and they knew that if the price drops low enough many retail buyers will panic sell, so all they needed to do was attempt to drive the price down via whatever methods at their disposal whether thats through spreading misinformation, calculated and continuous shorting, short ladder attacks (read [this](https://www.reddit.com/r/wallstreetbets/comments/lf4vn3/yes_laddering_is_real_short_ladder_attack_is_just/) and [this](https://www.reddit.com/r/wallstreetbets/comments/lb8hjc/datadriven_dd_i_analyzed_265000_rows_of_sec_short/) for an explanation on how 'counterfeit shares', which are a form of synthetic shares created from naked shorts, can be used to ladder attack the stock price, which would support the thesis of large amounts of counterfeit shares currently being in play) and other potential methods. +* **"If his forces are united, separate them"** aka divide and conquer. Upon driving "weak-hands" to sell-off, this divides the retail buying group and creates bears out of some "paper hands", who then spread their views and further the divide. Another example is the fake news/manipulation around Silver in the last two week and the very real possibility of bots sent into this sub to push a message and sow division. + +I will leave you with that, and a reminder to do your own research, for as investors we do not have all the information available, and the most we can do is intelligently speculate with as much data and logic as we can gather. I wrote this post because I spotted some inconsistencies within the GME stock that in my opinion, once brought to awareness, would either be irresponsible or willfully ignorant to not examine further. If you agree with the ideas explored in this post, feel free to share with whomever you'd like, and thank you for your part in raising awareness. + +*To provide context for the timeline of events described in this post, this post was originally written on Thursday 2/4/21 and updated on Sunday 2/7/21.* + +*For liability purposes, everything in this post is simply a thought experiment, and no part of what is written constitutes as financial advice.* + +**If you'd like to learn more on subject of synthetic shares or counterfeit shares (a counterfeit share is a type synthetic share), as well as red flags found by the community and how these shares could be currently misused in the context of GME, I highly recommend you give these posts a read**: + +[https://www.reddit.com/r/wallstreetbets/comments/ldjbg1/analysis\_on\_why\_hedge\_funds\_didnt\_reposition\_last/](https://www.reddit.com/r/wallstreetbets/comments/ldjbg1/analysis_on_why_hedge_funds_didnt_reposition_last/) + +[https://www.reddit.com/r/wallstreetbets/comments/lalucf/i\_suspect\_the\_hedgies\_are\_illegally\_covering/](https://www.reddit.com/r/wallstreetbets/comments/lalucf/i_suspect_the_hedgies_are_illegally_covering/) + +[https://www.reddit.com/r/wallstreetbets/comments/l97ykd/the\_real\_reason\_wall\_street\_is\_terrified\_of\_the/](https://www.reddit.com/r/wallstreetbets/comments/l97ykd/the_real_reason_wall_street_is_terrified_of_the/) + +[https://www.reddit.com/r/wallstreetbets/comments/lanf94/gme\_is\_a\_time\_bomb\_and\_its\_highlighting\_a\_severe/](https://www.reddit.com/r/wallstreetbets/comments/lanf94/gme_is_a_time_bomb_and_its_highlighting_a_severe/) + +[https://www.reddit.com/r/wallstreetbets/comments/le235t/gme_institutions_hold_177_of_float_why_the/](https://www.reddit.com/r/wallstreetbets/comments/le235t/gme_institutions_hold_177_of_float_why_the/) + +[https://www.reddit.com/r/wallstreetbets/comments/lb8hjc/datadriven_dd_i_analyzed_265000_rows_of_sec_short/](https://www.reddit.com/r/wallstreetbets/comments/lb8hjc/datadriven_dd_i_analyzed_265000_rows_of_sec_short/) + +[https://www.reddit.com/r/wallstreetbets/comments/l9z88h/evidence\_of\_massive\_naked\_short\_selling\_fraud\_in/](https://www.reddit.com/r/wallstreetbets/comments/l9z88h/evidence_of_massive_naked_short_selling_fraud_in/) + +[https://www.reddit.com/r/wallstreetbets/comments/lag1d3/why\_gme\_short\_interest\_appears\_to\_have\_fallen/](https://www.reddit.com/r/wallstreetbets/comments/lag1d3/why_gme_short_interest_appears_to_have_fallen/) + +[https://www.reddit.com/r/wallstreetbets/comments/l9rk78/sec\_doj\_60\_minutes\_public\_data\_suggests\_massive/](https://www.reddit.com/r/wallstreetbets/comments/l9rk78/sec_doj_60_minutes_public_data_suggests_massive/) +I’m new to the wheel, and I’m looking to see how it has worked out for everyone. Can we post profits/loss from the last year using thetagang strategies? +Recent announcements: + +#[GameStop Releases First Quarter 2021 Financial Results](https://investor.gamestop.com/news-releases/news-release-details/gamestop-releases-first-quarter-2021-financial-results) + +[GameStop Announces Appointments of Chief Executive Officer and Chief Financial Officer](https://investor.gamestop.com/news-releases/news-release-details/gamestop-announces-appointments-chief-executive-officer-and) + +#[8-K](https://investor.gamestop.com/node/18941/html) + +#[8-K](https://investor.gamestop.com/node/18946/html) + +#[10-Q](https://investor.gamestop.com/node/18951/html) + +#[8-K](https://investor.gamestop.com/node/18956/html) + +--- + +#HOW TO LISTEN IN ON THE GAMESTOP WEBCAST: + +#[WATCH ON GAMESTOP'S OFFICIAL YT CHANNEL](https://youtu.be/g2eBhTtxeu4) + +***or*** + +#Visit https://investor.gamestop.com/home + +#Click "Listen to Webcast" + +#HIGHLY LIKELY TO FILL UP BEFORE 5PM +So idk if anyone here watches minute by minute but wtf is happening? Peak $520 drops to $410? Pretty sure thats not normal even for cryptos. Man does it make me sweat a little... +*First time posting here, I apologize in advance if this is not the right place for this post.* + +**TLDR**: I've been struggling to find an appropriate financial planner (advisor? coach?) and I'm feeling so overwhelmed and frustrated by the process in general. I feel like I'm too in-between, don't have a specific goal at present, and there isn't a readily accessible professional option to help me with my finances, but I very badly want professional help. + +. + +I do not have a portfolio. I'm not seeking bankruptcy or buying / selling a home, or any of the other specific categories it asks for every time I try to use one of the "find a financial planner near me" things online. I don't own enough assets to qualify for the local places I've looked into (they require a portfolio of at least $1M, lol). I've tried a robo-planner and did not like the experience. I don't know if the debt consolidation options I've considered are scams; I don't know if I can consolidate my various types of debt. + +Details: + +I'm a cash poor 37yo medical professional (RN supervisor), currently in grad school. On paper my salary is great; in real life, I live paycheck to paycheck. I have a lot of debt I'd like to sort out (federal and private student loans, some credit card debt, money I borrowed against a life insurance policy). I can't make any headway on my debt and the interest is consuming me. + +I don't really have any assets to speak of: I don't own a home (have in the past), the stocks I have are very meager at this point (like, $1k or less, probably). I am divorced, I do not have any dependents and no one claims me as a dependent. I lease a vehicle. + +I do have a newly opened 401k, but I have no idea how any of it works or what's in there. I keep a spreadsheet of my fixed expenses, pay my bills on time, and live within my means. I have virtually nothing in savings. My credit is dropping and I was recently denied for an $8k private loan at several institutions (FAFSA does not cover summer classes, apparently). + +I just don't even know where to start. The DIY guides I've read just confuse me more and don't resonate. I work crazy long hours and am always too pressed for time to really sort my shit out, but frankly I don't know what I'm doing. + +I want to talk this through with a real live, trustworthy person, to whom I am not related. My financial situation is a major stressor in my life. Every attempt to hire someone / pay for these kinds of services ends in a dead end because I don't meet the criteria. + +Is there some kind of professional planner I could hire to help me? + +How do I find that person? + +Is it reasonable to pay $2k for these services? (because that seems really expensive to me and I don't have $2k, but that's about the best option I've found). + +Does professional help exist for someone in my situation? + +**Any help would be so appreciated. Thank you for even reading this anxiety-laden cry for help.** + +......... + +**(1.9.2021) UPDATE:** Thank you so much for the award, and for all the support and help. I'm blown away by your kind, understanding, and knowledgeable replies. This sub is amazing, wow! + +I've gotten so many great resources here, and I feel really empowered to take control of my money and get out of debt. I think I have a plan at this point to help redirect me towards a better way of managing this. + +My plan of action = + +1. low interest balance transfer or personal loan to consolidate my debt (Sofi hopefully) +2. analyze my actual spending habits vs. fixed costs (bills, rent, groceries) and budget more closely to avoid unnecessary spending (The YNAB app seems great for this) +3. educate myself and stop hiding from this (analyze my debt, read the statements and update my spreadsheet with more data + use the educational materials / resources to just learn more about finances in general) +4. contribute to my emergency fund on a regular schedule +5. consider part-time covid vaccine work to throw some extra money at my debt and savings + +I have been so intimidated by this for so very long. I finally feel ready to face things, and I owe this to everyone here. Really, I cannot thank you guys enough!! I'm sure you will hear more from me as I start tackling my list, and I think hanging out around this sub is just a great way to keep learning and to get ideas. THANK YOU ALL TIMES A MILLION! +1. President of the NYSE literally said that DARK POOLS break the relationship of supply and demand by fucking with price discovery so much + +2. The fact that FTDs even exist when high frequency trading has become a standard practice is fucking obviously a loophole that is exploiting an archaic tool for a bygone age of paper stocks. FTDs should not exist in 2022 and only serve to perpetuate further deliberate exploitation of equity markets. + +3. Hard locates should be the only option and the transactions should be T+0 with a traceable ledger of the entire transaction history. If I sell (or entitle) the same 1 share to 1,000 separate people, I have effectively diluted the stock by artificially increasing the amount of shareholders and created increased systemic risk in the event of settlement volatility. + +4. The fact that the DTC/ DTCC/ Cede and Co. doesn’t serialize individual stock to establish a traceable transaction history is absolutely ridiculous and is the very first thing I would do if I was trying to create a nefarious system that relied on the obfuscation of share ownership. + +5. The fact that institutions in this country can fucking steal money from equity markets by deliberately breaking rules and get fined an amount of money that’s less than what they made from stealing is a fucking incentive problem. If I get fined 10$ for every $1,000,000 I steal then it’s just a cost of doing business. If you don’t change the incentive structure or ban institutions from operating after x amount of fines then NOTHING WILL CHANGE. + +6. The fact that RETAIL is not allowed to have access to the CFTC Swap Data because of a fucking bullshit “3 yEaR nO rEpOrTiNg LettEr” is obviously just a way to hide the real short interest. + +7. The fact CITADEL is allowed to facilitate trades while GME is halted is broken. + +8. The fact that SPOOFING is so prevalent and nothing is done about it is fucking broken. + +9. The fact that market makers have a “bonafide privilege” to create liquidity is broken and another way to dilute the value of a stock by artificially increasing the supply. + +10. The fact that ETF shares can be created out of thin air is fucking broken and another way to dilute the value of a stock by artificially increasing the supply. + +11. And yes PAYMENT FOR ORDER FLOW is obviously fucking broken. Institutions are literally paying for inside information and then have the audacity to internalize those orders and FUCKING FRONT RUN THEM. WTF. +… + +These are the things that I wish u/dlauer would address *as well* (maybe he can’t for legal fears or is taking this one at a time) but I’m so sick and tired of these fucking narrow ass conversations like there’s maybe 2 systemic problems. There’s so many fucking things broken and these are just the few off the top of my head. It’s for this reason why I’m not holding GME anymore to just flip some profit off a short squeeze. + +I’m holding GME cause this is the one time that I know we caught these fucking parasites with their pants down. I’ll work until the day I die and use GME stock as my fucking savings account just to stick it to these privileged ass elite billionaire fucks. + +GME is our Guillotine. +Nice, GME is up 12% thus far today. We love to see it, but I don't really care. + +We can't get hyped for a 12% increase when we all know it is going to be shorted down again. + +Furthermore, we shouldn't get hyped until we see 400% in one day. Let's be pragmatic, all the crazy shit we held through in Jan 21' and when it went to $360 again. + +I open tradingview, see GME up 20%, and move on. See GME down 20%, and move on. + +&#x200B; + +Buy, HODL, DRS + +I eat crayons, so that excites me more than GME price going up 12% + +Enjoy the process everyone +As the title says my car's a/c just went out. It will cost $785 to repair. My car is a 2009 honda civic with 107,000 miles on it. I thought I could get another 100,000- 150,000 miles with it which would have been great because my car is completely paid off. + +I make $1000 a month; I am a 20 year old female and still live with my dad. The only thing I pay for is my food/gas/ and my dad's and I $150 cable bill a month. My college is paid for in scholarships. My dad still pays for my car insurance, health insurance, and phone bill as long as I stay college and make above a 3.0. He is pretty well off, and can afford this. However, he is not willing to pay for my car repair- he is the one that bought it for me and it is my responsibility to take care of repairs. + +Would it be a smarter financial decision for mye to trade my car in (no one is gonna buy it in this heat with a broken a/c) at a dealership and get a used car, maybe a 2012 or 2013 or should I bight the bullet and pay the $785 in repairs so that I can keep not having a car payment. + +I have $3,000 dollars in my savings account that I have been saving over the past year. I've been planning to use this for a rainy day, to help me out after I graduate until I find a job, or for supplies needed for nursing school next spring. I am worried if I now have a car payment plus my cable bill and only making $1000 each month I won't have enough money to keep saving, which is important to me. Any advice is appreciated. Also I should put this in here some where but I have a good credit score, it's 759 (I got my first credit card last August). + +Lastly, the car I drive right now is not in my name so I am assuming there will be extra fees associated with that if I buy a different car. + +Thank you for your advice. + + + +**Edit:** +Thank you everyone for your advice I have read all the comments. Honestly I think I was just thinking short term instead of long term because the idea of spending 1/3 of the money I have saved this year freaked me out. Tomorrow after work I am going to get a couple quotes on it and talk to my moms boyfriend, his best friend owns a repair shop. Thanks again guys, this subreddit was awesome; I'll definitely be back for more advice at some point. You people are great. :D + +**Edit 2:** +So I was telling my mom about my problems on the phone last night and she says her boyfriend's best friend owns his own mechanic shop and I'm here right now having them look at it to get an opinion from someone I can trust. Thanks for the continued comments and messages from people trying to make sure I don't get ripped off. + + +**Edit 3:** +So it turns out it wasn't my whole compressor that was broken. The only part of my compressor that was broken was a part called an AC relay. My mechanic took out my old one and replaced it with a Toyota Corolla AC relay which is thicker snd supposed to last much longer. + +Secondly I definitely have a freon leak because I only had a third of a pound of freon in my car and I'm supposed to have a full pound in it. So he put more freon in it and put dye in it so that when it runs out again in a couple weeks he can go back and see where the leak is and repair it. He charged me $200 which is much better than I thought it would be so I am relieved. I guess I'll see the total though when I figure out how much my mechanic is going to charge based on where the leak in my AC is. +I need to admit this to someone or else I think it will drown me. + +I have about £15,000 worth of debt. I have no savings. + +I make good money (£50k+-ish). There is no reason for me to have this debt. + +A good portion of it came when I got divorce. But I have added to it over time. + +The shame of it is killing me. I can't tell anyone. My partner knows I have debt (he also has debt) but I haven't told anyone else and I'm not sure he knows the full extent of it. There will be a bit of reprieve when I move in with my partner and my cost of living reduces by about £400 per month I can put towards paying it down. But that isn't until July. + +I am ashamed of my "fair" credit score. I am ashamed I've worked hard my entire adult life and I'm still here. No savings. No house deposit. I owned a house with my ex but any profit from that was little and it went to servicing debts (he ran up debt without telling me and I was in such a rush to get the divorce over with I just split it with him). + +But I can't blame it all on him. I did some of it too. I just feel like such a failure and every time I try to tackle it I make things worse I think. + +And with inflation and house prices I feel like I'll never get out. + +Can anyone share with me if they've been in this situation, what they did about it, and if they came out the other side? And, somewhat more importantly, how did you cope with the mental wellness side of it? +Wild Ride is a community driven token that just got listed on coingecko! Next is CoinMarketCap! + +&#x200B; + +Devs have some longterm and shortterm plans!. + +Longterm - adverising platform that will be the first of its kind providing tools for safe and efficient work for both promoters and advertisers. Litepaper is coming out today! + +$WILD will be gently embedded into the internal architecture of the entire system providing token holders with stable growth which will ensure acceptance in the blockchain world. + +&#x200B; + +Shortterm - We just got listed on coingecko! [https://www.coingecko.com/en/coins/wild-ride](https://www.coingecko.com/en/coins/wild-ride) Massive promossions will come out in several hours, including Alexandrus video! Up next crypto with 240k subs is coming. Soon there will be AMA on multiple tg channels. We are arranging new promotions every day. + +&#x200B; + +Liquidity locked, ownership rennounced, smart contract audited by Techrate, 60% burned. We are wild, but safe. + +CA: 0x4f0E7A273c7FF13062Fa581bEe4Ffabdae94328f + +&#x200B; + +You can read more information about us here [https://www.wildride.club/](https://www.wildride.club/) + +Telegram: [https://t.me/WildRideBSC](https://t.me/WildRideBSC) +As the title states, my mom died unexpectedly. She was a single mother and Im her only child. All this has been very rough for me and Im trying to get by. Im not very close with her family as she was distant from them. I remember her telling me she had a life insurance policy but idk who it was with or for how much? Expenses are piling up and i want to know what I can do moving forward to locate it/confirm that it exists. +So I was at the bank simply depositing some cash into my account. It wasn’t much either just a pitiful check from my dead end job. They made small talk with me and were friendly. The bank teller randomly asks me if I were interested in taking out a small loan to purchase a car or something. They asked me for my credit score and once I told them my horrible score their entire demeanor changed with me. They were no longer talkative with me and I could sense that they wanted me to leave as soon as possible. They specially told me “we don’t accept scores that low for any loans. Sorry”. They started looking at me as if I were a criminal and as if I had murdered someone. They gave me cold and judgmental stares and I immediately left because I couldn’t take it anymore. It’s insane how just being poor makes people view me differently. +Social media is usually crawling with bad arguments for why people think ETH is overvalued. Often people try to reply with good counter arguments, but it's not always easy to summarize these things into a few sentences. I thought I'd collect all of it in one place and condense them as best I could. + +---- + +**EEA Hype** + +Argument: People bought because they assumed brand name companies would use Ethereum public chain, an assumption which has not been substantiated. + +Counter-Argument: Remarks in May of 2018 by EEA have suggested that enterprises are seeing the need to eventually connect their private chains to the Ethereum mainnet. This is then reflected in the new EEA roadmap that shows how they plan to shift enterprise usage to the public chain over time. People's expectations for enterprises using Ethereum are not baseless. They're just too early. + +Counter-Counter-Argument: Being too early is not much different from being wrong. + +Counter-counter-counter-Argument: Wait till when the EEA's efforts start to bear fruit. Enterprises will connect to the public chain because private chains are useless on their own (i.e. they're just inefficient databases). + +---- + +**ICO Shitfest** + +Argument: ETH only usage was as a reserve currency for ICO shitcoin asset bubble speculation. + +Counter-Argument: It's likely that this use case attracts significantly less ETH buying than during the ICO mania, but it's not accurate to say that *legitimate* projects can't use Ethereum for fundraising or token distributions without being a shitcoin. ETH use case as a reserve currency still remains, even while the shitcoin situation has died. Presales for real projects with real use cases (e.g. Gods Unchained) are ongoing as we speak *without* selling yet another useless ERC20 token (they sell playable digital cards that also have some collector value). + +---- + +**Flippening** + +Argument: ETH's rally was fuelled by the flippening narrative. 2018 has shot that to hell. + +Counter-Argument: BTC dominance is based on the Lindy effect, market size and lots of successful memes. When fundamentals start to matter, even a little, it will become very difficult for BTC to maintain top spot. Even without fundamentals, ETH will eventually be seen as having similar Lindy effect, similar market size and (one hopes) a few good memes. + +Counter-Counter-Argument: XRP could ruin the flippening by holding on to #2. Other incumbents too (e.g. EOS). + +Counter-Counter--Counter-Argument: If XRP or EOS are worth more than ETH in five years, then everything we thought we knew about the value of decentralization was wrong. + +---- + +**Selloffs** + +Argument: SEC activity against ICOs create bad news and selloffs (e.g. refunds, fines and exit scams). + +Counter-Arguments: As of Sept there was only 3,858,659 ETH still held by ICOs (see Bitmex research report). All these projects that have already sold enough to have massive runways. Any SEC challenge by can be taken to court and delayed for years. Refunds are also a joke for most of these, since refunds can only be given to those who provide passport info and proof they still control the original wallet where the original tokens are still present and were never traded. Refunds are also optional. And fines are TINY (a few hundred thousand compared the tens of millions these projects have in ETH). Only the bad headlines are legit concern. But just how much impact can bad journalism have on price? + +---- + +**Delays** + +Argument: Staking delayed (i.e. Casper FFG). Constantinople delayed (i.e. issuance reduction). + +Counter-Argument: Sad indeed, but these delays are a normal part of software engineering. They don't imply that the project is doomed or that its capabilities will be diminished. What it does mean is that supply is higher and demand is lower right now. So price is effected. But this is not a great argument for why ETH is overvalued. It's a (partial) explanation for why there's been more sell pressure than buy pressure in the last few months. + +---- + +**Users** + +Argument: No one uses Ethereum. + +Counter-argument: If you limit usage to daily transactions of dapps, then yes, it's very low. But by that metric, you would have to say that no one used the internet until the mid 2000s when people started using ecommerce transaction regularly. The real metric for the web turned out to be *page views*, not credit card transactions. So why are we so fixated with transactions now? We should be looking at Infura metrics, which ***has over 6 billion requests per day***!! Saying that no one is using Ethereum is bullshit. It's time to recognize that people who look-up information on the Ethereum network are users too, just like people who load a webpage are considered users of the internet. + +Counter-counter-argument: When people discuss users, they are generally talking about people using applications that they can profit off of. Hence, the use of daily transactions as a main metric. + +Counter-counter-counter argument: To say that you can only monetize users that produce a daily transaction is to completely ignore the last 20 years of internet business models. Google did not get to 110 billion in annual revenue by requiring its users to make transactions! How can people forget about the cornucopia of monetization models that already exist, let alone those that are being invented specifically for blockchain? There are lots of ways to monetize users without having them make transactions. For example, Gods Unchained gets players hooked by offering a *free-to-play* AAA game. No transactions required. It's only when the player wants something more that they need to make a transaction (e.g. the same as the freemium model we see elsewhere on the internet). The same goes with subscription services, that would not require transactions, but still use the benefits and security of the Ethereum blockchain. The point is that there's more ways to monetize a user than just taking a small fee out of user transactions. Fees might work well for exchanges and marketplaces, but the internet has shown us that there's so many more ways to do things online. + +---- + +**Scaling** + +Argument: It doesn't scale. + +Counter-Argument: Doesn't scale *yet*. L2 solutions are rolling out. Serenity is coming to a testnet near you in 2019. + +---- + +**Usability** + +Argument: Dapp UX is horrible. + +Counter-argument: UX is legitimately horrible. But it's been receiving more visibility this year which has led to good progress on multiple technical solutions. Having more designers on the teams is also helping. + +---- + +**Barriers to Entry** + +Argument: High barriers to entry. + +Counter-argument: This is a challenge for all crypto. It's also a challenge for any new technology. That's why you have waves of users that range from the early adopters and the late adopters. The very earliest adopters were gamblers, hackers and finance types. They were already comfortable jumping through hoops and dealing with complexity. The next cohort will probably be those tens of millions of PC gamers who are already comfortable with figuring out new tech and dealing with confusing software. After them, it'll be a more general audience. Finally, maybe in 5-10 years, your grandma might become a user (i.e. the late adopters). + +---- + +**Fees** + +Argument: Fees will drop. Since the main use of ETH is to pay for fees, there will be less need for ETH. + +Counter-Argument: Fees in nominal prices will drop, but the amount of fee usage will increase dramatically. With Serenity, you'll see a large multiplication of network capacity. The amount of ETH being spent on fees will go up considerably even as the amount each user is spending per transaction goes down. + +---- + +**Economic Abstraction** + +Argument: ETH will have no value because users will pay for transactions in something other than Ether. + +Counter-Argument: This has been possible on the Bitcoin network and every other PoW chain for a long time and yet no one does it because it's not rational. Paying in anything other than the native token adds friction, cost and is a UX nightmare. If it made sense, people would have been doing it with Bitcoin. Even if we assume that in the future people will go against reason and want to do it anyways, the upgrades coming to Ethereum will make it impossible (e.g. paying fees in ETH is getting inshrined at the protocol level and most of the fees are going to be burned, reducing inflation and increasing the role of ETH as a store of value). + +---- + +**Store of value** + +Argument: ETH is not a store of value. + +Counter-Argument: Inflation is going down to near 0 in two years while staking ETH will significantly reduce the circulating supply on the market. Meanwhile, decentralized financial applications are gaining tractions which promotes the use of ETH as money. All of this strongly supports ETH as a store of value. + +---- + +**On Demand** + +Argument: People will just buy ETH on demand. + +Counter-Argument: Buying ETH on an exchange and then withdrawing it to your wallet every single time you need to buy something or make a transaction is not rational. Doing thousands of small ETH buys & withdrawals adds more friction and is more costly than doing a single ETH buy & withdrawal. It can also be a UX nightmare. If people are using Ethereum frequently, in most cases it's easier to just hold a balance in their wallet. Just like they hold fiat money in their wallet for regular use. + +---- + +Alright. I think I've addressed what I consider to be the weaker arguments. Here's the only argument that I think is worth debating, because it's the only one that asks questions we don't have answers to yet. + +**Usage** + +Argument: While ETH has multiple real use cases and the network sees billions of daily requests and hundreds of millions in economic activity, the total aggregate usage might turn out to be not enough to justify a really high valuation. How much fundraising do you need? If only a billion dollars is raised per year through ETH, will that be enough? If a hundred thousand users check their favourite dapps every day (e.g. the equivalent of page views, not transactions), is the ETH they initially bought and used going to be enough? How often do these users "top-off" their accounts? How often do they buy more ETH? How much are they buying every month to meet their needs? Are they doing several small transactions or a few large ones? Is that enough? Is the use of stablecoins eating into the use of ETH as a reserve currency? Do people think of their ETH wallets as savings or investments? + +These are all the questions that I think about regularly. I don't have answers to them because it's still too early. I don't think we can know until after a whole bunch of high quality projects have built up reasonable user bases. Then if those bases don't provide the numbers required to keep buy pressure on ETH, well, then we'll have our answer. +Would the price of bonds go up? Is this where you would put your investment? LS20? + +Is there anything on the Vanguard platform that would go up in value if the market did crash? + +Thanks for your advice. +Although the poor performance of the market has made it unappealing to invest right now wouldn't it be the best time to invest since everything is so cheap? Plenty of wealthy people have made a profit investing during recessions because they can purchase financially stable and profitable stocks for a fraction of the price. I understand "bottom fishing" or buying stocks at a resistance or maybe lowest to make a profit may not be the route to go. But, in this market everything is in red and even though the present seems bleak there is sure to be a reversal of these trends at some point. +Call 1-800-829-1040. + +Press 1 for English. + +Press 2. + +Press 1. + +Press 3. + +Press 2. + +Now you'll be prompted to enter your SSN or EIN. Enter it. Press 1 to confirm, then press 1 to confirm again. + +At this point a computer will begin talking, prompting you to press buttons for certain options. Don't do anything – eventually the computer will stop talking and you will be queued in line to speak with an actual human being! + +*However*, if there are too many people queued in line, the computer will tell you they are too busy and will hang up. I personally called once a day 4 days in a row, it wasn't until the 4th attempt that I actually got through and was placed in the queue. + +Also the phone number is only available 7am–7pm local time, Monday–Friday. + +Edit: People are advising caution in the comments not to call a phone number posted on Reddit and provide your SSN, and rightfully so. In my initial post, I should've included a link to the official webpage on [IRS.gov](https://www.irs.gov/help/telephone-assistance) so users can verify themselves the phone number is correct. + +Also fun fact about the IRS phone number! The numbers 829 spell "tax" on the keypad. And the number 1040 is the personal income tax form people are required to fill out. Even the spawns of Satan at the IRS have a fun sense of humor sometimes. +Short term pain for guaranteed gain is better than the risk that the MM just stop making a market on lit exchanges and suppress the price. We just read the report - the DTCC will stop at nothing to keep a lid on this. + +My company, that I own a piece of, will do phenomenally well. As EPS increases, and perhaps dividends are reinstated, the desire to own shares will increase. It’s inevitable that there will be bag holders and I refuse to have my shares where my only protection is SIPC. +So, in typical ape fashion I have loved the memes clowning this batshit shill company and their lame attempt against our beloved. + +In their vain attempt to ridicule and demoralise investors with a frivolous lawsuit, they unknowingly put their neck on the block. + +Since RCs tweet, I've seen memes, yes, but also the digging has begun. + +Imagine 125 THOUSAND activist investors running their own form of discovery on these futtbucks for GameStop's legal team. + +SupoorStonk is now out here doing what it does best, and has always set to from the start. Active, crowdsourced, passionate due diligence. + +Fuck me sideways! I love this company and I love all you apes. Let's dig some hedgie graves! + +Cheers! +Hey all, my girlfriend has a friend from out of state that wants to invest in real estate with her using creative/home owner financing. They've been talking a few months about it, and they now have a closing date. My girlfriend is very new to real estate and seems to be in over her head in some of this and is trusting her friend to take the lead. + +A little about the house, it needs repairs and improvements (I'm estimating $10,000), is $110,000, 0% APR and $600/month. Rent is looking to be anywhere between $1,000-$1,400, after taxes and home owner fees, it looks like it could be $100-300 of rent profit after expenses a month. + +Her friend isn't putting anything down into the house payment, but my girlfriend will put down $20,000. Her friend and her family plan to do the majority of the work the house needs and will pay out of pocket via the cost repairs and labor to pay my girlfriend back for her share of $10,000. + +The business arrangement is a little unclear, but my girlfriend will own a larger stake in the house, and will be revisited as her friend pays things down. + +This math doesn't make sense to me, there isn't a good ROI year over year, and there's a ton of risk on my girlfriend. Plus, if her friend is paying into things, I feel that should be a business expense, as her friend and her family's time and work is valuable, and could be used as leverage when it comes to sell the house. + +Her friend's plan isn't to sell the house, but to use a balloon loan to buy another property to do the same thing. + +I don't know, this feels like a way for her friend to play real estate investor without putting any skin in the game. It sounds like her money is going to be locked up for years with little ROI in the short term, if any. + +Am I way of basis on this? Or is this pretty typical? I'm coming from traditional bank loans and lawyer process, so owner financing seems foreign to me. I'm just worried about my girlfriend being a first time investor and new on this subject and I'm afraid her friend is selling her a bill of goods. + +Edit: for phone typos. +Woke up this morning and went to check on my Reddit Avatars to make sure they made it through the night ok without me but Trust wallet is showing that I owe 16 billion in USDT. + +Is this some sort of glitch? + +Who would I even pay this to if I had the money? + +Any advice on what to do would be greatly appreciated, this is just very confusing and I don't know about the rest of you but I don't have that kind of cash just lying around. + +&#x200B; + +https://preview.redd.it/rn1mqgs6wiq91.jpg?width=1284&format=pjpg&auto=webp&s=ea6fac78b038613a934bf61d52d258acc82e317d + +Things I've already tried + +* turned it off and on again +* tried sending the negative USDT to another wallet +* cried for an hour in the corner +* prayed to Satoshi for guidance +* called Trust wallet customer support (they said I have to pay them or they are sending the FBI) + +somebody please help me. +&#x200B; + +https://preview.redd.it/yshvup6fol471.jpg?width=700&format=pjpg&auto=webp&s=ef203a92b728e1f82925aa21171a49181709ab9f + +*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/e2urz53iol471.png?width=1600&format=png&auto=webp&s=ed3178b3817c49c694c9473ae1c7faeca3197efe + +Nuix is an Australian technology company that was founded in 2000. From its founding, Nuix has focused on developing software that would allow searching large quantities of unstructured data. Nuix sport themselves as leaders in “finding truth in a digital world”. + +Their software is said to have been used by over 1000 customers (many of which were government agencies) across in 79 countries. Nuix technology could be roughly described as software for digital forensic investigation. For example, Nuix assisted in analyzing the 2.6terabytes (11.5million documents) of leaked data in the Panama Papers. + +Like a story out of the old tech boom in America, Nuix started with only 2 developers. Since then, it has grown to over 400 employees with offices worldwide. It was listed on the ASX in December of 2020, with an initial value of $1.8billion, almost immediately being included as one of the largest 200 Australian public companies. + +# The Checklist + +* Net Profit: positive last 3 years. Good ✅ +* Outstanding Shares: not enough history. Neutral ⚪ +* Revenue, Profit, & Equity: growing quickly L3Y. Good ✅ +* Insider Ownership: 30.7% w/ one on market purchase @$5.01 Good ✅ +* Debt / Equity: 5.8% w/ Current Ratio of 1.7x. Good ✅ +* ROE: 8.3% Avg L10Y w/ 12.1% FY20. Neutral ⚪ +* Dividend: No Dividend Declared. Neutral ⚪ +* BPS 82.8c (3.3x P/B) w/ NTA 21c (12.9x P/NTA). Bad ❌ +* L3Y Avg: SPS 45.1c (6x P/S), EPS 3.9c (69x P/E). Bad ❌ +* Growth: +24.4% Avg Revenue Growth L10Y w/ 26% FY20. Good ✅ + +**Fair Value: 62cents\^** + +**Target Buy: 45cents\^** + +^(\^Based on averages from 2017-2020. More relevant FY21 valuation can be found in The Target section below.) + +# The Knife + +&#x200B; + +https://preview.redd.it/56a46st6pl471.png?width=968&format=png&auto=webp&s=fef6b3cd3ccb210847793ef5b61dc127beabecf5 + +Nuix was listed on the exchange only 6 months ago. The IPO opened at $5.31 per share, but by the end of the same day, it closed at $8.01 a share. Within the very first day of trading, NXL had gained +50% and the company was already valued at 2.5 billion. In 7 weeks, Nuix had nearly gained another 50% on its value, more than double the IPO price, reaching $11.85 on Jan 22, 2021 and boasting a market cap of 3.7billion at its high. + +In that short time, Nuix was already set to take its place as one of the 200 largest companies in Australia. However, by the time it was announced that it would be included on the ASX 200 index rebalance in mid-March, Nuix had already crashed back to the IPO price. + +That was only the start of it's decline. Only 3 months later, at close of today 11th June 2021 at $2.65, those who bought in at Nuix’s all time high would have lost 77% of the value of their investment. Even those who participated in the IPO would be down nearly 50% of their investment. + +I would be hard pressed to find another stock that was an ASX200 dogshit stock before it was even listed on the ASX200 officially. + +# The Diagnosis + +The Short Answer: The FY21 outlook has had to be revised down, leading to a significant rerate of the stock. + +The Long Answer: There are some serious questions of integrity that extend further that just forecast downgrades. Digging a bit deeper, we find a string of events that may lead to the ultimate downfall of this once promising IPO. + +**First Sign of Trouble** + +The 1H21 results heralded the fall. The share price fell 32% on the announcement. The results were disappointing to many, whom had likely expected growth in line with the IPO reports of roughly 20-30%. Instead, they were received with a flat half year result. In fact, revenue was down 4% from 1H20. + +A couple weeks later, they posted a market announcement titled, “*Nuix Responds to Market Commentary*.” In it they stated: + +>“Nuix re-affirmed its FY21 IPO prospectus forecasts when it released its 1H FY21 results on 26 February 2021. This guidance is based on its internal procedure including an in-depth analysis by the management team and its sales channel of current orders and sales pipeline.” + +&#x200B; + +[What could possibly go wrong?](https://preview.redd.it/7fo1ld85rl471.png?width=723&format=png&auto=webp&s=103b39e005b5e04642d39f0f1f6c79f16d083344) + +The market were apparently willing to give Nuix the benefit of the doubt too, but cautiously. The share price hovered in around the original IPO opening price for the next month. + +But then... + +**Downgrades** + +https://preview.redd.it/xzh1qmp7rl471.png?width=1353&format=png&auto=webp&s=561a82c517b4bebf5a413a76f1832a027a223a5a + +Only a month and a half later, Nuix posted another announcement regarding the FY21 forecasts. In it they revised their revenue, contract value, and EBITDA forecasts. + +Revenue was expected to take a knock of at least -4.5%. Contract values had been revised down potentially at much as -15%. Somehow despite all that Nuix seem to maintain that their EBITDA would grow (if only slightly), giving a forecast *higher* than what was given in the half year report. The top end of their EBITDA advice was $66.6m (can I just ask who would want to use that number in an estimate???). + +Needless to say, the market wasn't impressed. + +And then... + +https://preview.redd.it/5gv10a4arl471.png?width=1303&format=png&auto=webp&s=8b3e320768eec65906b9e34f6b9c8cfa62e48e1a + +The very next month they downgraded their position even further than before. + +Instead of expecting to see $193.5m in revenue as in the original 1H21 forecast, Nuix were now expecting it could be as low as $173m (-10%). Instead of $199.6m in annualized contract value, it was expected to be as low as $165m (-17%). A far cry from the previous market sentiment gunning for CAGR of +20-30%. EBITDA unchanged from the previous update, and despite all the rest, still somehow would be higher than FY20? + +**More Problems Brewing** + +Worse than the downgrades, was loss of trust. After stating their outlook in the 1H21 report, and then strongly reaffirming that again weeks later. They did a full reverse course in very little time at all. On top of that, they got their revision wrong? The second downgrade would have surely shaken the markets confidence in the management's competence too. + +This leads me to a perhaps more problematic thorn in their side. Nuix has been in a lawsuit with former CEO Eddie Sheehy. He had led Nuix for more than 10 years, and is credited largely for building the company to what it is today. During Sheehy tenure he was granted 453k options in the company, should it float on the public market. + +&#x200B; + +[Watch 22million shares disappear!](https://preview.redd.it/ejag4e2frl471.png?width=800&format=png&auto=webp&s=bb7ecc2b2ffe37fa47313cb8452d6455aa188348) + +Nuix claimed the options didn’t exist, as they expired 2012. But later acknowledged in a settlement that indeed Sheehy was entitled to them. However, then they have claimed that they are only worth 453k shares, which would leave Sheehy as the only person who was not included in a previous 50:1 split. Should Sheehy win on that front too, those options are worth 22.6million shares in the company. + +The problem is two-fold: + +* First of all, there is a question on whether the IPO properly reflected the value of those shares in its reports. This could mean a not insignificant dilution in the shareholding. The implications of this could also extend to any shareholder class action lawsuits that are now brewing. +* Secondly, those missing shares are a direct cost to the bottom line because Sheehy could claim loss of opportunity damages in his suit. He was prevented from selling the shares when they were at a higher price. Essentially, the difference in the value of the shares now from what they were at their all time high. At this stage, with the share having dived, those damages alone could cost Nuix over $200m. + +# The Outlook + +With downgrades of negative growth on the horizon, share price falling almost 80%, a former CEO suing for 265million worth of shares/damages, and potential shareholder class actions brewing over the seeming lack of transparency in the IPO. How could things look any worse for Nuix? + +Well, I have bad news... + +&#x200B; + +https://preview.redd.it/wifw3czjrl471.png?width=1537&format=png&auto=webp&s=0bb9f6d23739e4a8fc87b7a8757cb1b5a0e0a8e3 + +Recently, it was reported that the AFP is investigating potential issues revolving around the sale of options by Nuix's (now former) chairman. The options were cashed out for $80million just prior to the IPO. So slap that on to the heap of troubles, eh? The whole board might well get cleaned out when all is said and done. + +# The Verdict + +You know, it’s a real shame. Nuix at its core seems like a properly good Australian tech company. They have developed some pretty neat software that seems like it could be quite useful in the future. We are in an era where data is plentiful, and so using that data is all about being able to sort, search, and decipher it. Nuix had a great future providing an advanced software tool to facilitate that, and as such seemed to be on a trajectory to perform quite well for themselves. + +But with all these mounting lawsuits, investigations, and ultimately, possible damages. What will become of them? According to Nuix's FY20 report, they made about $25million in net profit after tax. So, my question is, where exactly are they going to find the cash to cover all of these potential costs? The grand total might end up being more than double their annual revenue. + +Somehow, I think the outlook is likely to get revised down again heavily. + +&#x200B; + +[If you could just go ahead and forget those forecasts, that would be great.](https://preview.redd.it/pjd0n9slrl471.png?width=734&format=png&auto=webp&s=f816c124539b49f7c53368fbe364c42e212c7dd7) + +How hard would it have been for Nuix to state the 22.6million shares on its books in the IPO and issue those shares to its former long-standing CEO? Surely he had earned the handsome windfall? Would it have made any real material difference in the value of the stock and company? I think not. + +Perhaps Nuix would have still lost ground a bit after the 1H21 results showed some headwinds, but more forthright advice about the outlook at that point would have maintained trust amongst its shareholders, and I think in the long term they could have shown their value and growth potential. After all, 2020 wasn’t exactly a normal year. + +Instead, Nuix is in a position now where the market seriously questions the integrity of the management. Does the market think going forward that they have shareholder interests in mind? The shenanigans Nuix appear to have played with Sheehy surely engender a sense of caution that they don't have anyone’s best interests in mind but their own. + +# The Target + +But if you are foolhardy enough to try to catch this knife, let’s try to look then only at the figures for a moment, and try to determine a reasonable entry price. The averages are not useful for a company that has grown as much as they have in the past few years, so I’ll concentrate my focus only on the FY21 forecasted amounts. + +&#x200B; + +[\*FY21 from latest forecast advise. NPAT estimated using FY20 &#37; ratio to EBITDA.](https://preview.redd.it/65bwy18qrl471.png?width=525&format=png&auto=webp&s=38c6b5146f8334d906ca649a155231be14f599d4) + +Working from these figures, we can estimate the following fundamentals: + +* SPS 55.8cents +* EPS 7.8cents +* BPS 82.8cents + +However, I am hesitant to use the book value in this case. I understand Tech companies typically hold less tangible assets, but under the circumstances I think it is perhaps more appropriate to stick with the conservative figure. This is especially relevant to any valuation, given that nearly three quarters of Nuix's equity is intangible (\~200m). Therefore, that leaves us with: + +* NTA 21cents + +Using the SPS and EPS, along with the NTA, we can arrive at the following prices: + +**Fair Value (FY21) – 86cents\*\*** + +**Target Price (FY21) – 64cents\*\*** + +\*\*It is very important to note that results of the lawsuits and investigations could heavily influence these values. As such, *any* entry price into NXL until all of those things are resolved is fundamentally flawed. + +# The TL;DR + +Nuix’s rise and fall on the ASX can only be described as meteoric. It may well end in a catastrophic explosion when the valuation hits the hard realities of its current circumstances. A company with a 20-year pedigree in digital forensic investigations, and having been used in some of the highest profile financial crime stories of the last decade, they have perhaps been caught up in their own story. + +After an exceptional IPO launch, Nuix rocketed. Since then, their repeated downgrading of FY21 forecasts has shaken the market's confidence in them. Furthermore, Nuix has come under intense scrutiny for its handling of a former long standing CEO’s options, potentially worth tens of millions of shares, and hundreds of millions of dollars. On top of that, their former chairman is now being investigated by the AFP. And there appears to be a shareholder class action on the horizon. + +One thing I have learnt in my analysis of this company and others is that management integrity is paramount. As we have seen with AMP, bad management can be very costly, even to the biggest and most established of companies. Once reputation is lost, it’s extremely difficult to regain. If you cannot trust management, how exactly do you value a company? And furthermore, how exactly do you expect to benefit from their actions, if they show themselves to be willing to operate without any integrity towards their shareholders at such a fundamental level? + +Perhaps Nuix have been wrongly characterized, and this whole sad episode will blow over in time. But at this point, there are a lot of burning questions to be answered. Personally, I would not touch Nuix at any price. + +*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 NXL* *and whether there is potential here that I am not seeing. Also, suggest other dogshit stocks that are/were on the ASX 200 index, and I might put them on the watchlist for a DD in future editions of this series.* + +*Currently on the Watchlist (rough order): TPG, RBL, CGF, URW, IPL, SXL, RFG, ASB* + +*Previous Editions of Catching the Knife:* + +1. [The Second Australian Company (AGL)](https://www.reddit.com/r/ASX_Bets/comments/ms53c0/catching_the_knife_the_second_australian_company/) +2. [The Daigou Milk Company (A2M)](https://www.reddit.com/r/ASX_Bets/comments/mxf4xu/catching_the_knife_the_daigou_milk_company_a2m/) +3. [The Largest Australian Energy Company (ORG)](https://www.reddit.com/r/ASX_Bets/comments/n1va2b/catching_the_knife_the_largest_australian_energy/) +4. [Amazon’s Bogan Australian Cousin (KGN)](https://www.reddit.com/r/ASX_Bets/comments/n7cpxk/catching_the_knife_amazons_bogan_australian/) +5. [Putting the Autistic Individual in AI (APX)](https://www.reddit.com/r/ASX_Bets/comments/ncm2on/catching_the_knife_putting_the_autistic/) +6. [The Australian Telecom Company (TLS)](https://www.reddit.com/r/ASX_Bets/comments/ni771f/catching_the_knife_the_australian_telecom_company/) +7. [The Company Formerly Known as an Insurance Co (AMP)](https://www.reddit.com/r/ASX_Bets/comments/nmvp0v/catching_the_knife_the_company_formerly_known_as/) +8. [The Largest Australian Salmon Farmer (TGR)](https://www.reddit.com/r/ASX_Bets/comments/ns2qb5/catching_the_knife_the_largest_australian_salmon/) +Hey fucko’s, with all the rocket ships lately I am seeing a fair few comments regarding ‘*what do I do with my earnings?’, 'I held too long and now my profit is gone / I sold too quickly and I’m a tard’* or words to that effect. + +Obviously, the correct answer with tendies is **coke and whores**. + +**ALWAYS**. + +However, there are some other less correct, less fun but maybe a lil more smartish answers to these questions. + +So I though it might be a decent idea to get a discussion going regarding your personal strategies. All the usual caveats apply (not financial advice, DYOR, make your own mistakes etc…) + +Personally, I have a 3 fold play. Meaning, I have 70% of my portfolio in the boring, long term shit that you see mentioned on the other sub that shall not be named. That’s play 1. + +Play 2 is growth stocks. DYOR etc, grab one of your two (*presumably, ladies grab the equivalent*) testicles and make a decision. This is about 20% of my portfolio, usually 4-6 stonks. + +Stick with your choice for your pre-determined hold time then sell and put into Play 1. Obviously this can change depending on what happens to the stonk. + +Rinse – repeat. + +Play 3, which I suspect is the main one for all the autists that lurk here, rocket ships, bangers and yolo’ing. + +Importantly (boringly), this is only 10% of the funds. I have a couple of ways to go about this once I have found my horse. Finding your own horse is your problem. + +Step 1 – Buy. + +Step 2 – set a % goal for gains and stick to it. + +Step 3 – Set a % loss and stick to it. + +Step 4 – **Once I hit the % goal (remember we are talking about rockets so its usually well over 50%) then I do one of 3 things.** + +\- If it’s a pump and dump I sell everything. Gone and get ready to by CGT penetrated. That’s life. + +\- If it’s a stonk I am very confident about then I sell 50% of my total book in $$ and let the other 50% ride. FYI doing this means I set my original % goal high, like high high. CGT will happen but again, that’s life. + +\- If it’s a stonk I am sort of confident about I sell out my original investment in $$ value then let the profits ride. The advantage to doing this is, if you choose your rocket ships well, you end up with a portfolio of smaller stocks that you bought for essentially nothing, just what you paid in CGT. + +Plus you significantly reduce remaining CGT until you sell the remaining profits. + +Depending on the play, I have found over the years these 3 work pretty well. You just need to know your stonk and know which play suits. If you cant watch the market all day while your doing this, you can set prices for buy/sell or a trailing stop loss if you know how, but I usually find its better to save these ones for times I can watch them, for the vibe. + +FYI this is for straight up stonk purchasing only, nothing else. + +I know plenty of you Autists have your own concepts so go for it in the comments, more info is good for noobs and its always nice to have a decent legit discussion. + +&#x200B; + +**TLDR**: Coke and Whores is the only answer to the tendies question. +Guys, I just want to post this humble brag and encourage all the noobs out there that anything is possible if you put your mind to it! + +I started out buying OMG and ANT (before it became NEO) back in 2017. Those were the days! The summer of 2017 was popping and thanks to my gains, I went from eating ramen straight out of the pack to using boiled water to soften the noodles. Before my 2017 gains, my wife's boyfriend gained a lot of respect for me, and he even called me "brah" one day as he was picking up my wife for a hot date. Man, I was on top of the world! + +Fast forward to 2018, all my gains was gone. Poof. Overnight, I was back to eating ramen straight out of the pack. I couldn't even afford the flavored ramen, just plain dry ramen with a generic label. No brand names for me. My wife's boyfriend went back to calling me Skid Mark instead of Regular Mark, and he never said "brah" to me ever again. I was a loser. + +The bear market was rough. The crypto winter seemed like it would never end. But I was diamond hands! I hodled my coins and waited patiently. Then, it happened! The crypto winter was over and the bulls were back! Life handed me a second chance! My wife's boyfriend is back to calling me Regular Mark, and I think he's gonna call me "brah" again one day. I can't believe how lucky I am! + +To celebrate, I bought a pack of hot dogs and put hot dog slices in my ramen! I still buy the non-flavored ramen cuz I want to save up and one day own a whole Satoshi. But I believe in my dream! And now my ramen tastes like boiled hot dog water, and I'm happier than I've ever been! + +Just remember, if you believe in yourself and you hodl, you can achieve anything! +I’m in a pretty good mood today, but can’t really share why with anybody IRL, so I figured I’d share here. + +For some background, I've been a regular reader of /r/financialindependence since I was a Junior in high school. Originally, I was just curious about finances and the stock market in general, but over time began to realize that the idea of becoming financially independent appealed to me. Thus, I resolved to devote myself wholeheartedly to that end once I got a job. That ended up being pretty quick, as I decided later that year to enlist in the Air Force for personal reasons. After graduating High School, I quickly left for basic training, and from there began to put into practice what I had learned. + +There were some rough patches here and there, but a little over two years later I hit my very first personal milestone: [$50,000 in net worth.]( https://imgur.com/7iKNBIf) On top of that, I have a fairly nice car, a great credit score, and, thanks to my military benefits, my future college degree all but paid for. It might seem cliché to say it was all thanks to a forum on the internet, but honestly, it’s the truth. Without r/FI, I never would’ve known to save any of my money (much less >50%), wouldn’t have known to start building my credit early on, would’ve likely bought a car I could barely afford with an outrageous interest rate loan, and probably wouldn’t have realized anything was wrong until reality slapped me in the face 10 years down the line. I can say all that with relative certainty because I’ve been watching many of my peers make those exact mistakes over these past two years, blowing every paycheck down to the last penny. + +I realize I’m still young, and have a long way to go, both in life and in my journey to FI, but I just wanted to thank all of you here who contribute your thoughts, research, and experience to this subreddit. If there is anything I’ve learned thus far, its that I still have a whole helluva lot of learning to do and mistakes to make, but by hitting my milestone I feel like I’ve at least proven to myself that I can do it if I stick with my plan. +Netflix reported 208 million global subscribers as of the end of the first quarter, missing its own prediction for 210 million. + + +The streaming giant did beat financial targets, though with earnings per share of $3.75 coming in well ahead of Wall Street analysts’ expectations. Revenue of $7.16 billion also topped the Street. + + +The subscriber shortfall, which caused the stock to drop more than 10% in after-hours trading, was blamed on issues related to the coronavirus. Simply put, the pandemic gaveth, but also taketh away. “We believe paid membership growth slowed due to the big Covid-19 pull forward in 2020 and a lighter content slate in the first half of this year, due to Covid-19 production delays,” the company said in its quarterly letter to shareholders. “We continue to anticipate a strong second half with the return of new seasons of some of our biggest hits and an exciting film lineup.” + + +Net cash from operations surged to $777 million in the quarter from $260 million and free cash flow of $692 million was up from $162 million. Netflix confirmed a key metric — that it’s on track to free cash flow break even this year and doesn’t need outside financing anymore to fund day-to-day business. That was a milestone affirmed in the company’s January report, and only reaffirmed the bull thesis as the entire entertainment business continues its shift to streaming. + +&nbsp; + +Continues here - https://deadline.com/2021/04/netflix-misses-q1-subscriber-targets-first-quarter-2021-covid-19-streaming-1234739802/ +i have a few friends who absolutely despise donald trump and have been all cash since 2017 and continue to double down that they made the right choice because the BIG ONE is coming. +My wife and I are looking to buy a home in a MCOL area in the southeast US. We recently put an offer in on a home we would love, but we were beaten out when someone else matched our offer and also offered to not inspect the home at all. We had already offered to do an as is inspection. We were given the option to match their offer of no inspection, but we declined as we are just not comfortable spending a half million dollars on a house without inspecting it at all. We offered more money instead but they are prioritizing speed. Our realtor says skipping the inspection is becoming more and more common. Should we reevaluate and consider skipping the inspection in the future? Right now I just can’t imagine doing that. + +Edit: thanks everyone for the validation, good to know we made the right call +I’m really happy I’m a 21 year old college drop out when I got the opportunity to work for a molding company. I’m making 17.50/ hour working 40 hours a week I’m finally able to pay my bills and have some money left over + +Edit:Wow I didn’t expect to get some silver! Thank you so much 😁😁 +In high school, I worked for a local JC Penney store. The store is often valued by corporate based on both sales and the number of credit card applications received. As an employee I was always heavily pressed on getting applications. Eventually the store wasn’t receiving enough applications and a manager decided to have some of the younger employees (including myself) who were over 18 to apply for a credit card knowing we would get denied. Now I have a hard inquiry on my credit due to this. Are employers allowed to do this? + +EDIT: To those saying I could have said no, I did say no. I was informed that “you’ll be declined anyway.” Not understanding the way credit works I did it thinking there would be no consequences. It wasn’t until I got a better understanding of credit that I understood the effect it actually had. Especially for those who have no outstanding credit. +&#x200B; + +https://preview.redd.it/5m0fsmwhghl81.jpg?width=700&format=pjpg&auto=webp&s=bc0a60c83a47c89115f04c566d556715c996df1d + +*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/oaro6pbkghl81.png?width=1000&format=png&auto=webp&s=143137cbd42f30e5f0f7da94884369cc45dbb1b6 + +Codan is an Australian manufacturer of metal detection and communications equipment. Founded in 1959 by a group of uni friends and going on now with 70 years in the industry, Codan might well be the oldest 'technology' stock on the ASX. Initially known as EILCO (Electronics, Instrument, and Lighting Co.), they launched the business selling high frequency radios that worked in the outback of Australia. + +Over the years, Codan branched out into circuit boards, satellite transceivers, digital radios, and signal management equipment. In 2003 they listed on the ASX and by 2006 were establishing themselves in the Military technology sector with HF radio communications equipment and later metal detection with acquisition of Minelab in 2008. + +These days Codan is likely best known for their metal detectors, which were a very large portion of their revenue stream for the last few years. Their detectors are sold broadly into recreational, prospecting, and military markets. However, with a couple of big communications company acquisitions (Domo Tactical and Zetron), Codan are re-establishing their roots in the communications technology industry. + +[FY21 Annual Report](https://preview.redd.it/9r7pec3lghl81.png?width=2500&format=png&auto=webp&s=cce5d19b6a5124e632a31301ddfa5d7a02c42b42) + +Today, Codan operations span the globe, with manufacturing facilities not only in Australia, but in America, UK, Europe, Canada, and Malaysia with sales offices also in Sinapore, UAE, Bazil, and Mexico. But perhaps more impressively, they sell into about 150 countries around the world, representing about 75% of the existing countries today. For artisanal prospectors in Africa, beach combers in Australia, and the poor grunt looking for landmines outside his forward operations Military base, Codan and their Minelab brand are well known. + +# The Checklist + +* Net Profit: positive 10 of last 10 years. Good ✅ +* Outstanding Shares: stable L10Y. Good ✅ +* Revenue, Profit, & Equity: all trending up since 2014. Good ✅ +* Insider Ownership: 45.9% w/ on market buying, one big sale (prev. CEO). Good ✅ +* Debt / Equity: 27.9% w/ Current Ratio of 1.6x. Good ✅ +* ROE: 23.9% Avg L10Y w/ 32.4% FY21. Good ✅ +* Dividend: 1.6% 10Y Avg Yield w/ 3.7% FY21. Neutral ⚪ +* BPS $1.83 (4x P/B) w/ NTA 51.3cents (14.2x P/NTA). Bad ❌ +* 10Y Avg: SPS $1.30 (5.6x P/S), EPS 37.7cents (31.4x P/E). Bad ❌ +* Growth: +15.1% Avg Revenue Growth L10Y w/ 25.6% FY21. Good ✅ + +**Fair Value: $3.27** + +**Target Buy: $2.79** + +Very solid company overall. Not many companies can tick so many boxes like this, particularly not the sort that would be considered falling knives. The only thing seemingly wrong with the company is that it appears to be over priced to its historical figures. Though that isn’t necessarily uncommon amongst companies that are growing relatively quickly. + +There is one slight point of concern, it is that the previous CEO sold a large clip of his shares mid last year (and 2019). I weighted that particular factor overall as a positive given the heavy insider ownership and the fact that other directors bought quite heavily more recently (260k worth between 3 of them). Indeed, huge ownership is still maintained by a couple of the original founders’ families. + +# The Knife + +[marketindex.com.au](https://preview.redd.it/j23jkbjsghl81.png?width=1812&format=png&auto=webp&s=8abf75700b16f57c737fc5b7713ba06bafabfbee) + +CDA had one hell of a run coming off the lows in March of 2020. And to be fair, it doesn’t appear to have been simply because of the 2020 tech fad either. Just prior to the crash, they had more than doubled their early 2019 price, and had rocketed nearly 8x off their low of 51 cents in 2016. + +Though, the run up to early 2020 paled in comparison to the 2nd stage of the rocket going from a low of $3.90 in March of that year to an all time high of $19.43 in May of 2021. For a good few weeks CDA flirted with cracking $20. Their all-time high price represented almost a 400% gain on the March 2020 low, and 3700% gain on their lows from just 5 years prior. Not bad. + +But like Icarus, CDA’s time at those heights came abruptly to an end. By the end of 2021, CDA’s share price had nearly fallen by half. At the close of trading on 4th of March 2022 @ $7.29, only 2-years on, they are worth less than they were just prior to the crash in 2020 and are down over 62% from their all time high. + +# The Diagnosis + +The Short Answer: Tech stocks r fuk. + +The Long Answer: CDA well and truly outran its fundamentals. + +&#x200B; + +[CDA vs XJO vs XTX](https://preview.redd.it/rqp64x3ughl81.png?width=1817&format=png&auto=webp&s=9a65992cf567038b26f893bef090183c69569066) + +Even compared to the newly created ASX All Technology index (XTX), CDA went ballistic in 2020. The ASX 200 (XJO) by comparison looks like it’s flatlining. CDA was in some kind of isolated bubble of market sentiment euphoria, with so many tailwinds at its back coming out of the March 2020. It had a few stellar years prior to the crash in 2020, and with the massive market shift into tech and growth stocks afterwards, there was nothing that could really pull it back to reality. + +&#x200B; + +[Shocking!](https://preview.redd.it/58d6nsv2ihl81.png?width=1200&format=png&auto=webp&s=edac58bcfc508b188d84d538ff9a38e2b4c7ba8a) + +But the reality was that the fundamentals just didn’t support a share price of $20. At that level, even using their record FY21 figures, CDA was trading at a P/S of 8x+ and P/E of 36x+. Even their EV/EBITDA was 22x+. Sounds about right for FAANG I suppose, but let’s remember we are talking about a company that does 400m odd in revenue and is listed on the ASX here. 😺 + +# The Outlook + +What ultimately appears to have been the prick that popped the bubble was this bloke. + +&#x200B; + +[Donald McGurk](https://preview.redd.it/1dceymb2hhl81.png?width=1400&format=png&auto=webp&s=facf55ecdf3cdd9e137527d648b381183b3adf8a) + +Their long serving CEO, Donald McGurk, announced his retirement at the time of the FY21 report. After 10 years of hard work building the company to its heights, he was stepping away. The market was not happy about that fact, shedding about $3 off the share price almost immediately. CDA then entered into the long and brutal sell-off that may have left bagholders wondering if the previously $3.5b market cap company might lose its unicorn status. + +I cannot vouch for the efficacy of Mr. McGurk, but I would observe that he shepherded the company through, what was at the time feared to be, an existential crisis in 2013 and 2014. At that time CDA saw its sales revenue cut in half and its profits gutted when Chinese manufacturers flooded the market with knock off copies of CDA's metal detectors. + +Since then, Mr. McGurk managed to quadruple the revenue and restore the profitability of the business well past it’s previous highs. + +&#x200B; + +[Good luck, son!](https://preview.redd.it/vszirzb4ihl81.png?width=1400&format=png&auto=webp&s=eefe3cfc0485cca04c72c29316eb13c5caaee3d0) + +But now with him departing, the market was not so confident that the extremely high valuations given to CDA were appropriate. Taking the position is Alf Ianniello, previously CEO of Detmold Group, a privately owned Australian package manufacturing company based in SA. Unfortunately for bagholders, a more detailed review of his performance is opaque, with no annual reports available. However, one thing is for sure, the new guy has some big shoes to fill. + +&#x200B; + +[You love to see it.](https://preview.redd.it/a5lvsvd8hhl81.png?width=1000&format=png&auto=webp&s=f52e16e910d15d1e9a8393268cac530142f89d24) + +No knock against Mr. Ianniello. As the 1H22 report highlights, his resume includes 20 years of MD/CEO experience, and is a qualified electronics engineer. Though, it must be awful awkward to be heralded into the new role with the collapse of the company’s share price. + +# The Verdict + +To be honest, I’ve struggled to find any other major fault to the company that could have otherwise exacerbated the sell-off. + +&#x200B; + +https://preview.redd.it/bfmj69rchhl81.png?width=1362&format=png&auto=webp&s=d7895c252ec0a10bc0facbfaec3f090bab8abe95 + +Going off their historical 10 year figured, one sees a company coming back strong from their setbacks in 2014, and with profit margins that are excellent to boot. Their return on equity last year was over 30%. And until picking up the two new communication companies, CDA were debt free (not including lease liabilities) for years. + +As per the checklist, this company checks so many qualitative boxes too that the only thing one would really want to be concerned about is getting a good entry price. + +**A Second Look** + +Indeed, it’s somewhat of a head scratcher why the market sentiment would shift so brutally. It seems harsher than being purely about the personality at the helm. It also doesn't seem to coincide with the major tech sell off in the USA, which might lead one to think it was due to interest rates talks. Looking at 1H22, it wouldn't appear to be a problem with the two acquisitions either, as they are tracking ahead of their initial guidance. On top of that the revenue and earnings levels would seem to indicate that CDA are setting up for another record year in FY22. + +There is one point of concern, however. + +&#x200B; + +https://preview.redd.it/ezrhfh2chhl81.png?width=1364&format=png&auto=webp&s=d63735c3dbf1f9f6f9dec8a296080a17f4d3de02 + +Looking at their cashflows for the last 10 years, one can see that FY21 there was a substantial -$70m overall change to their net cash/debt position. Not surprising given they loaded up on debt and drew down on heir bank balances in order to facilitate the roughly $160m needed to fund buying DTC and Zetron. + +This wasn’t helped by a $39m odd thrown at bagholders in dividends at the same time too. + +Furthermore, looking at 1H22 figures, it is a serious point of concern that despite the positive headline net profits, the actual operational cashflow is negative. While it isn’t unusual or particularly concerning for a company to have net outflows in a single half or even year, net negative operating cashflow can be quite serious if endured for much longer. That is the core of the business upon which everything else rests. Even Z1P reckons they have positive operating cashflow. + +[From 1H22 interim report](https://preview.redd.it/rewfjufehhl81.png?width=2000&format=png&auto=webp&s=6cf5c705d8cc8c775b2b0b47edbce0aad2e3d42b) + +CDA were certainly conscious of that fact, devoting a section of the report to explaining the situation. They reference major investments in additional inventories throughout the year, bring the total to just over $85m in inventory on the balance sheet as of 1H22. Though even putting aside that additional $19m cost, operating cashflow is basically break even. It seems to me there’s more at play here than just inventory, though it is not altogether clear to me that it can be chalked up to a single underlying issue. As such, it’s hard to say whether this development is merely temporary or not. + +**Future Yield?** + +Perhaps the market is concerned about the future of the dividend stream, which have been growing every year up to this point. One could reasonably expect them to be slashed in order to support the now $58.5m in long term debt (not including leases). Any prudent management team would have to be thinking long and hard about doubling down on fat dividends when the operating cash flow is anaemic. + +CDA has about $10m in cash on their balance sheet as of 31st of Dec, and an additional $65m due in receivables. The buffer to have the luxury to post another \~$15-20m operational loss is thin. The result in the short term would likely be racking up even more debt. It remains to be seen if the new guy at the helm has the finesse to navigate the business through this bottleneck in cashflows, during what may be one of the more unpredictable business climates in recent times. Longer term troubles with this situation could be problematic to say the least. + +# The Target + +This brings us to the final question: What are CDA worth now? + +&#x200B; + +https://preview.redd.it/p7r75xkghhl81.png?width=1000&format=png&auto=webp&s=b33348b64676329844de69a3875c908d161d6d3a + +Looking at the 1H22 figures, and the weighting between halves of previous 5 years, I think the estimate for this one is relatively simple. CDA has been quite consistent in delivering relatively even results each half, so doubling up on their 1st half for 2022 results seems reasonable. + +Indeed, this might prove a bit conservative, as they tend to have a knack for finishing a tad stronger in the 2nd half, and management have indicated that there were a few 1-off integration costs associated with the new acquisitions that should improve their overall profit margins (and which might explain the cashflow issue). + +Working off the above per share figures, we can get the following fair and target prices: + +**Fair Price (FY22) - $6.36** + +**Target Buy (FY22) - $4.50** + +Observing that this is still a short way below the current share prices, there might be reason to believe that CDA will continue their downtrend. Though, as solid as the underlying business is, I wouldn’t be surprised that there is a certain amount of share price premium priced in, and as such may assist in keeping the share price a bit buoyant over these levels. + +That being said, should the company continue to show weakness with cashflows and the market starts to lose faith in the new CEO, I could definitely see the share declining harshly. The trouble with that sort of development is that on a qualitative level, the old figures must be discounted. If CDA were pushed into to a capital raise to repair their balance sheet at a low in their share price cycle, it would be undoubtably be highly dilutive. So as stellar as the past performance is, I would personally tread carefully until the FY22 report can confirm one way or the other. + +# The TL;DR + +Founded in 1959 out of Adelaide, SA by a group of uni friends, Codan (known then as EILCO) started their journey making high frequency radios. Over the years, CDA expanded the company footprint in other communications technology as well as metal detection, and it now serves customers in over 150 countries in the world, and holds facilities spanning 5 continents. Furthermore, in the last 15 or so years, they’ve been a key supplier for the military sector. + +CDA’s performance on the markets since listing in 2005 was relatively subdued. It was only the 2-3 years that have seen their share price almost go parabolic. However, the fundamentals just couldn’t keep up with the valuations, and with the retiring of their decade-long serving gun of a CEO, it seems that the market no long rates Codan. + +The decline is a bit of a head scratcher really, given that the company in almost every respect seems quite solid. However, there some pressing questions pertaining to their immediate prospects. Two big acquisitions at the end of FY21 have saddled them with about $60m in debt, and yet their operational cashflows in 1H22 have dipped into the negative. This, heading into a period of extreme economic uncertainty. While CDA could be a great Aussie technology/manufacturing stock to hold (at the right price), there might be more risk here than what is otherwise apparent when looking at their history. + +*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 CDA 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: NOU* + +*Currently on the Watchlist (no particular order): CGF, FLT, QAN, CWN, OML, CIM, CTT, BSL, ANN, ABC, NUF, WOR.* + +[*Previous Editions of Catching the Knife*](https://www.reddit.com/user/Nevelo/comments/sfc7gi/catching_the_knife_series/) +&#x200B; + +https://preview.redd.it/5m0fsmwhghl81.jpg?width=700&format=pjpg&auto=webp&s=bc0a60c83a47c89115f04c566d556715c996df1d + +*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/oaro6pbkghl81.png?width=1000&format=png&auto=webp&s=143137cbd42f30e5f0f7da94884369cc45dbb1b6 + +Codan is an Australian manufacturer of metal detection and communications equipment. Founded in 1959 by a group of uni friends and going on now with 70 years in the industry, Codan might well be the oldest 'technology' stock on the ASX. Initially known as EILCO (Electronics, Instrument, and Lighting Co.), they launched the business selling high frequency radios that worked in the outback of Australia. + +Over the years, Codan branched out into circuit boards, satellite transceivers, digital radios, and signal management equipment. In 2003 they listed on the ASX and by 2006 were establishing themselves in the Military technology sector with HF radio communications equipment and later metal detection with acquisition of Minelab in 2008. + +These days Codan is likely best known for their metal detectors, which were a very large portion of their revenue stream for the last few years. Their detectors are sold broadly into recreational, prospecting, and military markets. However, with a couple of big communications company acquisitions (Domo Tactical and Zetron), Codan are re-establishing their roots in the communications technology industry. + +[FY21 Annual Report](https://preview.redd.it/9r7pec3lghl81.png?width=2500&format=png&auto=webp&s=cce5d19b6a5124e632a31301ddfa5d7a02c42b42) + +Today, Codan operations span the globe, with manufacturing facilities not only in Australia, but in America, UK, Europe, Canada, and Malaysia with sales offices also in Sinapore, UAE, Bazil, and Mexico. But perhaps more impressively, they sell into about 150 countries around the world, representing about 75% of the existing countries today. For artisanal prospectors in Africa, beach combers in Australia, and the poor grunt looking for landmines outside his forward operations Military base, Codan and their Minelab brand are well known. + +# The Checklist + +* Net Profit: positive 10 of last 10 years. Good ✅ +* Outstanding Shares: stable L10Y. Good ✅ +* Revenue, Profit, & Equity: all trending up since 2014. Good ✅ +* Insider Ownership: 45.9% w/ on market buying, one big sale (prev. CEO). Good ✅ +* Debt / Equity: 27.9% w/ Current Ratio of 1.6x. Good ✅ +* ROE: 23.9% Avg L10Y w/ 32.4% FY21. Good ✅ +* Dividend: 1.6% 10Y Avg Yield w/ 3.7% FY21. Neutral ⚪ +* BPS $1.83 (4x P/B) w/ NTA 51.3cents (14.2x P/NTA). Bad ❌ +* 10Y Avg: SPS $1.30 (5.6x P/S), EPS 37.7cents (31.4x P/E). Bad ❌ +* Growth: +15.1% Avg Revenue Growth L10Y w/ 25.6% FY21. Good ✅ + +**Fair Value: $3.27** + +**Target Buy: $2.79** + +Very solid company overall. Not many companies can tick so many boxes like this, particularly not the sort that would be considered falling knives. The only thing seemingly wrong with the company is that it appears to be over priced to its historical figures. Though that isn’t necessarily uncommon amongst companies that are growing relatively quickly. + +There is one slight point of concern, it is that the previous CEO sold a large clip of his shares mid last year (and 2019). I weighted that particular factor overall as a positive given the heavy insider ownership and the fact that other directors bought quite heavily more recently (260k worth between 3 of them). Indeed, huge ownership is still maintained by a couple of the original founders’ families. + +# The Knife + +[marketindex.com.au](https://preview.redd.it/j23jkbjsghl81.png?width=1812&format=png&auto=webp&s=8abf75700b16f57c737fc5b7713ba06bafabfbee) + +CDA had one hell of a run coming off the lows in March of 2020. And to be fair, it doesn’t appear to have been simply because of the 2020 tech fad either. Just prior to the crash, they had more than doubled their early 2019 price, and had rocketed nearly 8x off their low of 51 cents in 2016. + +Though, the run up to early 2020 paled in comparison to the 2nd stage of the rocket going from a low of $3.90 in March of that year to an all time high of $19.43 in May of 2021. For a good few weeks CDA flirted with cracking $20. Their all-time high price represented almost a 400% gain on the March 2020 low, and 3700% gain on their lows from just 5 years prior. Not bad. + +But like Icarus, CDA’s time at those heights came abruptly to an end. By the end of 2021, CDA’s share price had nearly fallen by half. At the close of trading on 4th of March 2022 @ $7.29, only 2-years on, they are worth less than they were just prior to the crash in 2020 and are down over 62% from their all time high. + +# The Diagnosis + +The Short Answer: Tech stocks r fuk. + +The Long Answer: CDA well and truly outran its fundamentals. + +&#x200B; + +[CDA vs XJO vs XTX](https://preview.redd.it/rqp64x3ughl81.png?width=1817&format=png&auto=webp&s=9a65992cf567038b26f893bef090183c69569066) + +Even compared to the newly created ASX All Technology index (XTX), CDA went ballistic in 2020. The ASX 200 (XJO) by comparison looks like it’s flatlining. CDA was in some kind of isolated bubble of market sentiment euphoria, with so many tailwinds at its back coming out of the March 2020. It had a few stellar years prior to the crash in 2020, and with the massive market shift into tech and growth stocks afterwards, there was nothing that could really pull it back to reality. + +&#x200B; + +[Shocking!](https://preview.redd.it/58d6nsv2ihl81.png?width=1200&format=png&auto=webp&s=edac58bcfc508b188d84d538ff9a38e2b4c7ba8a) + +But the reality was that the fundamentals just didn’t support a share price of $20. At that level, even using their record FY21 figures, CDA was trading at a P/S of 8x+ and P/E of 36x+. Even their EV/EBITDA was 22x+. Sounds about right for FAANG I suppose, but let’s remember we are talking about a company that does 400m odd in revenue and is listed on the ASX here. 😺 + +# The Outlook + +What ultimately appears to have been the prick that popped the bubble was this bloke. + +&#x200B; + +[Donald McGurk](https://preview.redd.it/1dceymb2hhl81.png?width=1400&format=png&auto=webp&s=facf55ecdf3cdd9e137527d648b381183b3adf8a) + +Their long serving CEO, Donald McGurk, announced his retirement at the time of the FY21 report. After 10 years of hard work building the company to its heights, he was stepping away. The market was not happy about that fact, shedding about $3 off the share price almost immediately. CDA then entered into the long and brutal sell-off that may have left bagholders wondering if the previously $3.5b market cap company might lose its unicorn status. + +I cannot vouch for the efficacy of Mr. McGurk, but I would observe that he shepherded the company through, what was at the time feared to be, an existential crisis in 2013 and 2014. At that time CDA saw its sales revenue cut in half and its profits gutted when Chinese manufacturers flooded the market with knock off copies of CDA's metal detectors. + +Since then, Mr. McGurk managed to quadruple the revenue and restore the profitability of the business well past it’s previous highs. + +&#x200B; + +[Good luck, son!](https://preview.redd.it/vszirzb4ihl81.png?width=1400&format=png&auto=webp&s=eefe3cfc0485cca04c72c29316eb13c5caaee3d0) + +But now with him departing, the market was not so confident that the extremely high valuations given to CDA were appropriate. Taking the position is Alf Ianniello, previously CEO of Detmold Group, a privately owned Australian package manufacturing company based in SA. Unfortunately for bagholders, a more detailed review of his performance is opaque, with no annual reports available. However, one thing is for sure, the new guy has some big shoes to fill. + +&#x200B; + +[You love to see it.](https://preview.redd.it/a5lvsvd8hhl81.png?width=1000&format=png&auto=webp&s=f52e16e910d15d1e9a8393268cac530142f89d24) + +No knock against Mr. Ianniello. As the 1H22 report highlights, his resume includes 20 years of MD/CEO experience, and is a qualified electronics engineer. Though, it must be awful awkward to be heralded into the new role with the collapse of the company’s share price. + +# The Verdict + +To be honest, I’ve struggled to find any other major fault to the company that could have otherwise exacerbated the sell-off. + +&#x200B; + +https://preview.redd.it/bfmj69rchhl81.png?width=1362&format=png&auto=webp&s=d7895c252ec0a10bc0facbfaec3f090bab8abe95 + +Going off their historical 10 year figured, one sees a company coming back strong from their setbacks in 2014, and with profit margins that are excellent to boot. Their return on equity last year was over 30%. And until picking up the two new communication companies, CDA were debt free (not including lease liabilities) for years. + +As per the checklist, this company checks so many qualitative boxes too that the only thing one would really want to be concerned about is getting a good entry price. + +**A Second Look** + +Indeed, it’s somewhat of a head scratcher why the market sentiment would shift so brutally. It seems harsher than being purely about the personality at the helm. It also doesn't seem to coincide with the major tech sell off in the USA, which might lead one to think it was due to interest rates talks. Looking at 1H22, it wouldn't appear to be a problem with the two acquisitions either, as they are tracking ahead of their initial guidance. On top of that the revenue and earnings levels would seem to indicate that CDA are setting up for another record year in FY22. + +There is one point of concern, however. + +&#x200B; + +https://preview.redd.it/ezrhfh2chhl81.png?width=1364&format=png&auto=webp&s=d63735c3dbf1f9f6f9dec8a296080a17f4d3de02 + +Looking at their cashflows for the last 10 years, one can see that FY21 there was a substantial -$70m overall change to their net cash/debt position. Not surprising given they loaded up on debt and drew down on heir bank balances in order to facilitate the roughly $160m needed to fund buying DTC and Zetron. + +This wasn’t helped by a $39m odd thrown at bagholders in dividends at the same time too. + +Furthermore, looking at 1H22 figures, it is a serious point of concern that despite the positive headline net profits, the actual operational cashflow is negative. While it isn’t unusual or particularly concerning for a company to have net outflows in a single half or even year, net negative operating cashflow can be quite serious if endured for much longer. That is the core of the business upon which everything else rests. Even Z1P reckons they have positive operating cashflow. + +[From 1H22 interim report](https://preview.redd.it/rewfjufehhl81.png?width=2000&format=png&auto=webp&s=6cf5c705d8cc8c775b2b0b47edbce0aad2e3d42b) + +CDA were certainly conscious of that fact, devoting a section of the report to explaining the situation. They reference major investments in additional inventories throughout the year, bring the total to just over $85m in inventory on the balance sheet as of 1H22. Though even putting aside that additional $19m cost, operating cashflow is basically break even. It seems to me there’s more at play here than just inventory, though it is not altogether clear to me that it can be chalked up to a single underlying issue. As such, it’s hard to say whether this development is merely temporary or not. + +**Future Yield?** + +Perhaps the market is concerned about the future of the dividend stream, which have been growing every year up to this point. One could reasonably expect them to be slashed in order to support the now $58.5m in long term debt (not including leases). Any prudent management team would have to be thinking long and hard about doubling down on fat dividends when the operating cash flow is anaemic. + +CDA has about $10m in cash on their balance sheet as of 31st of Dec, and an additional $65m due in receivables. The buffer to have the luxury to post another \~$15-20m operational loss is thin. The result in the short term would likely be racking up even more debt. It remains to be seen if the new guy at the helm has the finesse to navigate the business through this bottleneck in cashflows, during what may be one of the more unpredictable business climates in recent times. Longer term troubles with this situation could be problematic to say the least. + +# The Target + +This brings us to the final question: What are CDA worth now? + +&#x200B; + +https://preview.redd.it/p7r75xkghhl81.png?width=1000&format=png&auto=webp&s=b33348b64676329844de69a3875c908d161d6d3a + +Looking at the 1H22 figures, and the weighting between halves of previous 5 years, I think the estimate for this one is relatively simple. CDA has been quite consistent in delivering relatively even results each half, so doubling up on their 1st half for 2022 results seems reasonable. + +Indeed, this might prove a bit conservative, as they tend to have a knack for finishing a tad stronger in the 2nd half, and management have indicated that there were a few 1-off integration costs associated with the new acquisitions that should improve their overall profit margins (and which might explain the cashflow issue). + +Working off the above per share figures, we can get the following fair and target prices: + +**Fair Price (FY22) - $6.36** + +**Target Buy (FY22) - $4.50** + +Observing that this is still a short way below the current share prices, there might be reason to believe that CDA will continue their downtrend. Though, as solid as the underlying business is, I wouldn’t be surprised that there is a certain amount of share price premium priced in, and as such may assist in keeping the share price a bit buoyant over these levels. + +That being said, should the company continue to show weakness with cashflows and the market starts to lose faith in the new CEO, I could definitely see the share declining harshly. The trouble with that sort of development is that on a qualitative level, the old figures must be discounted. If CDA were pushed into to a capital raise to repair their balance sheet at a low in their share price cycle, it would be undoubtably be highly dilutive. So as stellar as the past performance is, I would personally tread carefully until the FY22 report can confirm one way or the other. + +# The TL;DR + +Founded in 1959 out of Adelaide, SA by a group of uni friends, Codan (known then as EILCO) started their journey making high frequency radios. Over the years, CDA expanded the company footprint in other communications technology as well as metal detection, and it now serves customers in over 150 countries in the world, and holds facilities spanning 5 continents. Furthermore, in the last 15 or so years, they’ve been a key supplier for the military sector. + +CDA’s performance on the markets since listing in 2005 was relatively subdued. It was only the 2-3 years that have seen their share price almost go parabolic. However, the fundamentals just couldn’t keep up with the valuations, and with the retiring of their decade-long serving gun of a CEO, it seems that the market no long rates Codan. + +The decline is a bit of a head scratcher really, given that the company in almost every respect seems quite solid. However, there some pressing questions pertaining to their immediate prospects. Two big acquisitions at the end of FY21 have saddled them with about $60m in debt, and yet their operational cashflows in 1H22 have dipped into the negative. This, heading into a period of extreme economic uncertainty. While CDA could be a great Aussie technology/manufacturing stock to hold (at the right price), there might be more risk here than what is otherwise apparent when looking at their history. + +*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 CDA 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: NOU* + +*Currently on the Watchlist (no particular order): CGF, FLT, QAN, CWN, OML, CIM, CTT, BSL, ANN, ABC, NUF, WOR.* + +[*Previous Editions of Catching the Knife*](https://www.reddit.com/user/Nevelo/comments/sfc7gi/catching_the_knife_series/) +For myself \[a while back\] - it was buying myself a new pullup bar thinking yeah i will definitely use this alllllllllllllllllll the time - jokes it's still in the box... +I'm in my 50's and expect to reach my FIRE date in the next year or so. I love to travel and look forward to having more fun in my life after a long dreary public-sector career. The problem is that most people never reach independence and are slaves to their jobs, debts, and other commitments. Because of that asking a friend or even family to take an open-end trip somewhere or do much of anything I might enjoy is out of the question. How do people connect with other financially independent people who are looking to enjoy what they've achieved? +1 almost all the time people are predicting the next crash + +2 know what your investing in~preferably a company you know and use that is steadily showing an increase in cash flow ~ a solid company then how the market moves shouldn’t matter. The price of the stock shouldn’t even matter. You own a part of a great company. + +3 use the power of DCA ( dollar cost averaging) with this strategy you buy consistently every week - month - or day. This will minimize the effect of volatility on your portfolio. + +4 DIVIDENDS. often good established companies will pay you a portion of their profits. By reinvesting these you can grow your share count. Using ETFs like SCHD or JEPI create cash flow in your portfolio quarterly and monthly. When +The market begins to fall you are all ready accumulating more shares at discount prices. These newly acquired shares will also pay you dividends creating a snowball effect. + +5 if you can add more than your dca purchases then save it as a cash or bond position In your portfolio. This will allow you to go on a spending spree when the market crashes to buy more of your shares you picked out in (see “2”). + +6 recent US history 1973+ has shown that during market turn downs the fed will try and create an artificial floor under the market. You can benefit from this buy purchasing gold and silver or mining companies. This always works as an inflation play. Ray Dalio suggest to keep ~7% in precious metals. Another inflation play would be commodities such as oil or oil companies or lumber etc…. + +7 I do not suggest buying or using these. OPTIONS. You can sell calls or buy puts when expecting crashes. If I had to chose one I would sell COVERED calls and re buy them when the stock drops for a lower premium and reinvest the difference. With put options I think the risk is greater. I won’t go into detail here on what options are. + +Thanks for reading and as always happy investing let’s meet our goals. +Hello everyone! I'm a big supporter of the Bingus Project and have been on it since its birth on April 2nd. And today, on this day of dips, it is no different, Bingus presses on. There's so much to update you on since our last reddit post. + +1. HotBit Lists Bingus - After a rocky start trading is open for trading, meaning people who are not so experienced with BSC, DeFi and ever said “WTF is a pancakeswap” can now easily buy. Next week we will be having an AMA with HotBit as well along with their other promos. We have shaken so many unfriendly whales and are holding incredibly strong. + +2. Yesterday we had a TG AMA flip with our new partner, DOGIRA, which was insanely fun. We will have some big news to announce with them in the coming weeks. + +3. We openly discussed our long-term platform plans. They have not been fully published yet but I spoiled some incoming roadmap stuff in today’s AMA. :). Come ask in the telegram if you're curious. We are going to be much more than a charity coin. + +4. Another exchange incoming, confirmed trading life Friday. 2x the volume of HotBit. + +6. New GORGEOUS website was launched on Sunday, a BNB-BINGUS staking announced and coming to that website, built by our friends and partners BogTools. + +5. Finally, unlike the rest of the market we are holding strong in this dip. We have jumped from 10k holders to 15k+ in 2 days. + +6. Emmy Nominated Rocky Kanaka released a youtube video last Friday and gave away $10,000 provided by Bingus. Also, the lead of power, Michael Rainey Jr is posting about us on Instagram right now. Just insane. + +If you’re looking for a safe harbor in rough seas, Bingus is here and ready to shelter you. + +Website with all relevant links inside: + +https://bingus.io/ +So I just got my B.A. & had a job interview today doing something I’d love, but the catch is that the pay is really bad. It’s in Georgia, and actually the average for my field, it’s about $23,900 a year. I am trying to figure out how to transition from college life with my parents helping me, to being completely independent. + +I’m trying to make a budget and basically need to know if that salary is do-able in Georgia. But there are so many blocks that I don’t even know where to start. I know the type of insurance they offer (health, dental, & vision) but I don’t know how much it’ll be. I don’t understand if taxes come from that pay, or if they come out after I’ve put money into the 401k (they match what I put in up to 6%). I want to make a budget but there are just so many things I have to try to figure out but don’t know how things work and I need help knowing where to start. + +My biggest issue is trying to navigate figuring out taxes and insurance. Rent, groceries, phone bill etc I can figure out pretty well, but I’m lost on everything else. +I have been served lots of ads on Facebook, and sometimes it is so tempting to just order something because of the "huge" discount, but then I remind myself that unless I really need something, my savings is 100% if I don't make that purchase. Also, be careful with those 0% financing deals. I saw that Tonal (smart home gym) priced their product at $2,750 for a normal purchase, but if you want 36 months financing at 0%, the price is $5,000+. So yeah, not really 0%. Even at the normal price, these "buy now pay later" purchases add up and can throw your budget out of whack. Please don't borrow money you don't have to buy things you don't REALLY need. Only buy fun things with money budgeted specifically for fun. + +So far, I have spent $30 on clothing this year, and stopped being a shopping addict. I find that you just need to find something that resonates with you to stop clicking that "Place Order" button. For me, it's trying to reduce the amount of waste and plastic being thrown into the environment. + +Happy Friday and smart shopping! +This is more of a philosophical question toward life. There is saying that goes " do what you love and you will never work a day in your life". + +So I guess my question to those that have "made it" financially speaking is how did you get there? + +Did you start a business? + +Get a high paying job ? + +Make wise investments? + +Were you passionate about what you were doing, or was it all just a means to an end? +Okay, so if i got that right, If supply increases, but the market's size stays the same, prices are supposed to go down. If someone undercuts your prices, You should experience a drop in demand for what you sell, and a Drop in demand means drop in prices. + +Here is the question: Due to how digital stuff works, online piracy of video games basically creates *INFINITE* supply, for a selling cost of *ZERO.* Absolute. Nothing. + +So if the video game industry exists in a market, where there is Infinite supply of what they sell, with their prices undercut to the highest possible degree... + +Why are video games still so expensive? How didn't the entire industry implode in to nothingness due to an ecnomonical collapse of the market for video games? +My (economics undergrad) roommate (biology/psychology undergrad) believes that medical advancement should be our country's number one priority and that our government should take steps to speed up this advancement as much as possible. + +We had a discussion today about socialized vs free market medical care and he suggested that we should socialize the development of medical technology because this would allow medical advancement to move as quickly as possible. The scenario he described was as follows: "it's better for 10 scientists to work under one lab developing a cure for cancer vs two separate competing labs because then they can collaborate and find the cure faster." After suggesting to him that they would not work as hard under the conditions of a monopoly, he suggested that the government itself would just incentivize the scientists to invest as much or more effort as they would under competition. Notably, he also seemed to hold the notion that motivation of researchers by prestige and the greater good is not negligible (large amount of utility derived from sources other than money). + +How can I explain to him that, if a maximum rate of development is desired, competition should be encouraged as much as possible? Also, is my elementary outlook of economics ignorant to anything here? + +Let me know if I need to elaborate on anything but I'd also just like to hear some perspectives. +I've read David Rothshild's tweet about the role that prediction markets can play in our society: https://twitter.com/DavMicRot/status/1298113322701684737 + +Do you agree? Do you think there's value to these markets? +I am 14 and thus very uninformed about the benefits and costs of capitalism and economics. However Iam invested in politics and would like to become more knowledgeable in these subjects. What are some recourses where I can learn what I need to know fast and simply? Thanks! +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! + +Basically as title says, brought the house in Dec 2019, 2 years later realize I should've done 30 year for extra savings/ investments. Wondering if I should refinance to a 30 year term but fear I'll have to pay 10K$? just to do this. My wife and I are planning to probably upgrade house in \~4-5 years so not sure if we should just stick with the 15 year or go ahead and refinance + +Details: Took out a 304K$ loan @ 3% 15 years from Chase. Currently 272K$ left + +&#x200B; + +Edit: Thanks didn't expect so much helpful advice! I think we'll just wait it out but maybe see what's the "cost" is, if it's <2K$ then I may take it. Would like to invest in more index funds +Hello everyone + +Since were all from EU i believe that the same laws apply for organic food production. Do you believe that organic food is healthier than conventional food? + +I know that for organic food there are stricter laws, but organic food doesnt prohibit the usage of poisons in general. Its just more limited usage of less selected ones. + +I buy only organic now but it does cost a fair amount more, than if id buy normal food. + +Do you believe i should be just buying normal food? +Hi I'm a 20 year old and new to the investment Forte. Most financial advice available online is for USA citizens and they keep suggesting a Roth IRA. What is a Roth IRA and what is its Indian equivalent and risks involved. +While I agree that past performance is an important factor, I cannot wrap my head around the philosophy of this subreddit. +On the one hand side they preach you to not use past performance to measure future performance. +Yet 99% of the top comments are *time in the market beats timing the market* +Well this is all fun and games but that is completely based on past performance of (mostly) the S&P 500. + +Same with things as *buy the dip* when an index drops 0.001% and people pretend that everything is on a big sale. + +I would not care about it that much if it was not condradicted so often. + +We will all learn some very important lessons along the way and one of the most important one will be to adapt to new rules and new trends that differ from the past. +# + +basically starting from scratch due to unforeseen circumstances and I just can't wrap my head around getting out of this hole. No job, no skills. I just need some inspiratiin coming from someone at their lowest point.. + +It is 2022, so I would imagine a lot of people at my age would have over 100k due to working for a decade now, have other opportunity of making money from online, have matches from employer and are living frugally. +Well if you think that, sell your shares. I hope you do, because then they will have real shares to cover with and they will block the buy button again so you can't join the FIESTA. Hear me out u fcking retard, Just hold, I see people in the comments trying to predict what will happen after GME earning date. Well, This is what gonna happen... THE MOASS. Maybe the day after, maybe the week after, or maybe we will have to hold for another 10 years. If you are here for a short term gain, then you are alone. Don't ever forget, This is not for only gains, we fight together so there is no other GME in the future. + +ApesStrongTogether +The original and official TIKI Token with 10% BNB Redistribution 💰 + +HOLD $TIKI, EARN BNB. + +TIKI is the biggest BNB reflection token and the only one with auto-claim feature. Every hour, your BNB rewards are being automatically sent to your wallet. No need to claim, no need to keep track on time to claim and no need to connect to any website or dashboard. Just earn BNB while you sleep and check your dashboard whenever you like to see real-time statistics of your Tiki tokens and BNB earnings. + +⚔️ Features ⚔️ + +* 10% Redistribution in BNB +* Auto-paid : You hold and receive BNB every 60 minutes +* 5% Liquidity pool +* Anti-whale : 0.1% max sell and +3% extra sell fee + +SAFU + +✅ Audited by HASHEX +✅ Liquidity locked 6 months +✅ Marketing wallet (5%) for expansion (decided by community) +✅ 5 DAYS OLD - 28M MCAP - 9K+Holders + +Contract: 0x9b76D1B12Ff738c113200EB043350022EBf12Ff0 Slippage 16\~17% (buy) + +🥞 Buy: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x9b76D1B12Ff738c113200EB043350022EBf12Ff0](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x9b76D1B12Ff738c113200EB043350022EBf12Ff0) + +📄 Whitepaper : [https://www.notion.so/TIKI-Whitepaper-ae4b1469a64341fbbf07eceb6563bb16](https://www.notion.so/TIKI-Whitepaper-ae4b1469a64341fbbf07eceb6563bb16) + +🌎 Website : [https://www.tikitoken.finance/](https://www.tikitoken.finance/) + +🐦 Twitter : [https://twitter.com/realtikitoken](https://twitter.com/realtikitoken) + +🔥 Telegram : u/tikicommunity + +💬 Discord: [https://discord.gg/vEyHEN6v](https://discord.gg/vEyHEN6v) +It confuses me where that 3% annual growth comes from. Those of us with index funds are banking on it continuing indefinitely, but how can that be possible? Nothing in the universe keeps growing indefinitely. + +Does the economy keep growing because it still has people and commodities in agrarian or village societies which it commodifies and brings into the global market? Or is it that technology is still making human labor more productive? A mixture of these? Will the market ever stop growing? +Do the majority of economists agree or disagree with Andrew Yang's proposal of Universal Basic Income? I have zero background in economics but his proposal of $1K/month to all seems like a solid suggestion (I say that as somebody who doesn't receive any government subsidies and disagrees with raising the minimum wage). +Most economists believe that creative destruction is a good thing. I mean does anyone miss VHS tapes? + +But maybe the pace of destruction like what we’re seeing in today’s pandemic or back in 2008/2009 is too cataclysmic and therefore bailouts are better than bankruptcies. + +What say you? Where is the line between preventing disaster and creating a stagnant sclerotic economy lacking nimbleness? +Hi, + +So I've (22 yr old) been wanting to open an Roth IRA and was planning to open a target retirement 2060 fund with Vanguard. Given the state of the market, should I wait a few months or just open it and ride out this drop in the market? I'm planning on putting in the initial $1,000 minimum first and then $100-200/month. + +Edit: 22 yr old, turning 23 in March though +>On Aug. 30, the state’s Senate Appropriations Committee cleared [Assembly Bill 5](https://legiscan.com/CA/text/AB5/id/2050952), moving it a crucial step closer to becoming state law. It is now widely expected the bill, known as AB5, will pass a full Senate vote before the legislative session ends Sept. 13 and be signed by governor Gavin Newsom. The bill would likely force many gig companies to reclassify their independent contractors as employees, pulling the very foundation of the gig economy out from under it. + +Well posted this and gained zero traction in /r/stocks wondering if I can get some better input here. I don't feel like Uber Lyft and Grubhub stock priced in this being legislated into law yet. + +[https://qz.com/1703897/californias-ab5-will-rewrite-the-rules-of-the-gig-economy/](https://qz.com/1703897/californias-ab5-will-rewrite-the-rules-of-the-gig-economy/) + +[How exposed are gig companies to AB5?](https://www.theatlas.com/charts/OffkCowSV) +On the 2nd and 3rd of this month my card was used for 8 transactions that were not me. I noticed on the 4th and immediately called and reported the fraud. + +Then I got a letter on Monday saying that they found no evidence of fraud and I'm liable for the charges. So I called them back and they said a chip was used and there's no way to fool the chip (which I know we know is bullshit). + +So far I've filed a complaint with the CFPB and am going to file a police report on Monday. I have cell phone location history but Capital One didn't seem to give a shit about that (although I did include it in the CFPB complaint). I also was moving on the 2nd so I have a receipt for how much time I spent with the movers I used. + +Not really sure how to proceed but really don't want to have to pay hundreds of bucks that I didn't spent. Any tips on next steps? + +EDIT: + +Wow I went to sleep and this blew up. This was my last ditch effort to get some feedback, thank you all for commenting. + +Some requests for info that was missing: + +The card was in my possession the whole time, the charges were local, it was a credit card. The total on all the charges is 658.57. + +Look, I know it sounds fishy but I didn't make the charges. + +EDIT 2: Again seriously thank you for the comments. Really was expecting five or six replies. + +Two popular things that have come up are the movers could have taken it and do I have someone living with me. Movers were only there the first day and the majority of charges happened the second day. Girlfriend lives with me, but was also with me the entire time both days. +UPDATE: Yesterday was a great day for Kilimanjaro! + +**The lottery pot was stacked and gave away $11750 USD worth of KILI tokens!** + +You can check it yourself on bscscan on the following link: [https://bscscan.com/tx/0x699a7ad78927d5e5a2d310d0e4870decb59f98b31dc61eafff726d54494f884c](https://bscscan.com/tx/0x699a7ad78927d5e5a2d310d0e4870decb59f98b31dc61eafff726d54494f884c) + +*\*Note: The price that you see now in bscscan may be different (higher or lower than $11750) because of KILI's price variation* + +&#x200B; + +Also, huge milestones were accomplished: + +\- 800k market cap to 1.5M market cap + +\- 600 holders to 840 holders + +KILI has an amazing community, and devs are really active: [https://t.me/kilimanjaro\_community](https://t.me/kilimanjaro_community) + +🔒**RUG PROOF** + +* [Audit by Solidity Shield](https://kilimanjaro.finance/documentation/audit.pdf) +* [Liquidity Locked by Unicrypt](https://unicrypt.network/amm/pancake/pair/0x6d38bc32c9bc4b3193f13ee03cee739a3edd3aea) +* [Dev and Marketing tokens locked by team.finance](https://team.finance/view-coin/0x865d0c78d08BD6e5f0db6BCbF36d3F8EB4ad48F8?name=KilimanjaroToken&symbol=KILI) + +💵 **BUY ON PANCAKESWAP** [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8) + +Lottery token that applies a 5% tax to each transaction. + +2.5% is automatically burned - 2.5% goes into the lottery pool + +Cool winner selection process. Get more info and look at their awesome website [http://kilimanjaro.finance](http://kilimanjaro.finance/) +I recently lost my partner unexpectedly to an undiagnosed disease. He read Ausfinance daily and would share posts/information with me regularly. Since his passing, I find myself here almost every day, trying to learn new things or find answers to finance questions. Apart from trying to adapt to this new crappy life, I’ve had to navigate other things myself - one of which is making finance-related decisions while grieving. So I thought I would share information that I hope you, or your loved one, will find helpful one day. + +For context - my partner and I were both on Australian visas, in our 30s, lived together but never married, no kids or family in Australia so this post may be more relevant for foreign residents living/working in Australia. Money and finances were openly discussed in our relationship, so we both knew about each other’s assets and liabilities. + +**Finance and money matters** +I made a list of financial institutions to notify and started contacting them about a week after he passed away. When doing this, I had to be mentally and emotionally prepared to repeat “I’m calling to let you know that my spouse/partner recently passed away” over and over again. I became very protective of my partner’s estate, so I did all of this myself. However if you do not feel strong enough for this task, get someone you trust to support you. If someone else is involved in this process, make sure that you are always in the loop with everything - especially if you are the sole/primary beneficiary of your partner’s estate. + +Some financial institutions wanted me to physically mail them paperwork and documents. Don’t hesitate to pick up the phone and ask if you can send them via email instead, especially during a COVID lockdown. They may still say no, but from my experience, the institutions I’ve dealt with were quite understanding and compassionate. + +With regards to tax, I engaged a tax accountant to help me file my partner’s tax return. I’m glad I did because I would not have been able to do it myself. If your person passes away after 30 June, remember that you’ll have to file their final tax return in the following year too. + +When my partner was still alive, we both agreed that if we inherited a substantial amount of money, we wouldn’t tell anyone except each other. I made the decision not to tell anyone in our families/social circle about how much my partner’s estate is worth to prevent dodgy relatives/friends from crawling out of their holes haha. When I’m asked about it, I just say “I prefer not to share, but I am very proud of what he has accomplished.” In short, look after yourself first. + +**Compassionate/bereavement leave** +I think it is standard for most employers to offer two to three days of compassionate/bereavement leave. Obviously, I was in no state to return to work so soon after losing my life partner. My work encouraged me to access my sick leave so that I could take more time off. I took over a month off from work and went back to work on part-time basis for the first two weeks, with my sick leave covering the remaining hours that I am supposed to work. If you need more than two to three days to process your loss, consider speaking to your GP and see if they are comfortable writing you a medical certificate on mental health grounds. + +**Funeral planning** +My partner and I didn’t lead a frugal life, but he still used a rubber band for a wallet (haha) so I kept this in mind when planning his funeral. I was upfront with the funeral director about my budget, especially since my partner only wanted a funeral to allow his friends/family to process their grief. I was lucky to find an affordable and helpful funeral service on my first meeting, but don’t hesitate to shop around. When attending meetings, bring a trusted friend/family member who can help you navigate the decision-making process especially if it involves deciding on things that have a massive price difference. For my partner’s funeral, I selected the cheapest of everything except when it came to the funeral location. I chose to pay an additional $200 to hold his funeral at a beautiful location because the chapel that was included within the cost looked like a drive-thru wedding chapel (not that there’s anything wrong with that!). As a foreign resident I didn’t realise pre-paid funerals were a thing, so maybe that’s something some people might want to consider. His funeral ended up costing me around $8,500 which was below my budget of $10,000. + +**Grant of representation** +At the time of my partner’s death, he and I had a combined income of under $200K, couple of grand in investments and we didn't own property. Combine that with being in our 30s, a will was something that we did not think about. Because my partner passed away intestate, I applied for Letters of Administration (LoA) so that I could legally administer his estate. I submitted the application myself and was granted LoA, but it was an emotionally exhausting process. If his family had decided to contest my application, it would have lengthened the process and made me feel worse. Being granted LoA also meant that I did not always have to prove our relationship to financial institutions, which can be another level of emotional exhaustion. Going through this process alone may not be for everyone, so don’t hesitate to seek professional help. + +**Staying organised** +So this one is not really finance-related…but it’s more about keeping on top of all the paperwork while you are not in the best state of mind. + +*Physical paperwork* +I have a designated space in our home to keep the paperwork and stationery. For me, having this space is not just about keeping things organised - it helps put me in the right headspace when I need to manage his estate. I bought sticky notes, sharpies, pens, labels/label makers, document sleeves, expansion files and binders. It doesn’t get easier seeing the word ‘deceased’ next to my partner’s name so I had to take constant breaks while sorting out his paperwork. Don’t feel like you need to rush through it all at once. + +*Note-keeping* +I keep records of all phone calls/tasks for each financial institution so that I know if I have to follow up or need to action something. The records also came in handy when I didn’t hear back from a financial institution for two months because they lost my email. Whenever my partner’s account was finalised and closed with an institution, I marked it as such so that I know I never have to do anything else with it. + +I also have a list on my phone titled ‘Nope’. Things that aren’t urgent go to this list. I tick things off this list whenever I feel like keeping busy, yet want to do something easy. + +**Accept genuine help, but also set boundaries** +The people around me genuinely wanted to help, but they didn’t know how. I often got the “let me know if you need anything” spiel (FYI, this can be really difficult for someone in grief to respond to). Some of the things I asked for were: + +* Send chocolates or fruit basket to my home instead flowers +* Donate to my partner’s preferred charities instead of bringing gifts to the funeral +* Specific foods that I wanted to eat while grieving and low on energy +* When I didn’t know what I wanted, I would say “I don’t know what I want or need now. If you wish to gift something, I’m happy to accept a gift card that I can use another day.” +* A colleague asked if I would like a Gofundme page set up to help me pay rent/bills. I said that I didn't need it, but would happily accept other gifts. She gave me a huge huggable teddy bear, which I thought was quite cute! + +Your grief is yours only, so don’t be afraid to tell people how you wish to be supported. There were also people who weren’t particularly helpful and wanted to trap me in my grief. I drew my boundaries and chose not to speak to them until I want to (if ever, haha). + +**Helpful links about finance and widowhood** +One of my first self-care activities after my partner passed away was to read about the financial impacts of widowhood and what widows can do to ensure their financial well-being in the long-term. Here are some of the articles that I thought was helpful: + +* [Moneysmart - Losing your partner](https://moneysmart.gov.au/losing-your-partner) +* [The Finances of Widowhood checklist](https://olui2.fs.ml.com/Publish/Content/application/pdf/GWMOL/ME-widowhood-after-checklist.pdf). The information is U.S. focused, but it gives you a general idea of how to prepare. +* [Widowhood: The loss couples rarely plan for — and should](https://www.merrilledge.com/article/widowhood-financial-planning-for-unexpected). Same as above. +* [Financial planning in widowhood: What will you do if it happens to you?](https://www.pwlcapital.com/financial-planning-in-widowhood/) An article written by a Canadian, but again, gives you a general idea. + +Sorry for the long post and if some of them weren’t finance-related, but I hope this will be of help to you or your loved one in the future. If you have been down this road before and have other advice/tips (including advice relevant to Australian citizens), I’d love to read them. Thank you. +I’m a student who wants to learn about stocks and daily trading to get some money that I need for my college tuition. +I want to learn as fast as I can, and then I will trade in a simulator until I feel comfortable to trade with real money. +Any suggestions about how to start my journey? Books? YouTube channel maybe? +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!! +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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Granted, Insurance would be less glamorous than investing in funds or stocks, is there still any reason to get something like an LIC insurance if wealth building is your goal ? +As you all head into fatfire and for those of you that create a trust for your kids, how many of you built in the requirement for your kids to have a prenup required in your kids marriage for them to access the trust? I am trying to protect the trust from my kid's divorcing spouse which is a no brainer to me. The reason not to do it is because now your kid has to bring up the issue of a prenup in their relationship and that is a little unfair to put the burden on them. Any advice is appreciated. I thought fatfire was just about the RE but the fat creates other issues! +Hello [/r/financialindependence](https://www.reddit.com/r/financialindependence)! I've been lurking this subreddit for about a year and i'm proud to say that i've saved $10,000 at the age of 24! I started really saving at the start of this year. I know it is not actually much money, but it is my first step and it took a few months to get here. I'm eyeing $20,000 now as my next goal and I think I will be easier to hit the next target due to a change in lifestyle! I feel so much better now, not only because I have the buffer but because I never get to the point where my checking account is at $0 anymore. Not too long ago I remember being unable to afford to buy water from a vending machine at work because I had no money even though I was being paid well. + +At the start of the year (not a new years resolution, it just worked out that way haha) I decided to stop being broke. Since I started college I always thought of myself as frugal since I never made super large purchases or bought expensive cloths or anything like that. What i've realized is that I enjoy food. A lot. Which is strange how much I spent on food since I am skinny. I went out to eat every other day, I bought expensive food just because I thought the cheaper food wouldn't be as good, I bought too much food and wasted some. I ate at work every day for breakfast and lunch, etc. I stopped eating a work, started making my own meals at home and eating breakfast before I went to work, and I also stopped eating out almost all together. I also plan how I shop more, buying the cheaper options when I can and buying things in bulk as much as is reasonable. + +I also had (actually still have, trying to stop) shopping-while-bored syndrome, and while I would never buy anything very expensive I would always be in thrift shops buying small things that I did not need. Thrift shopping was my hobby. I've tried to stop doing that by taking up other hobbies that can fill my time when I am bored and that do not bleed money. I've taken up running , and i've also taken up fishing which is very low cost for a lot of fun. I want to learn how to clean and eat the fish as well, which would provide even more value. + +Seeing the money grow is really very motivating, and i'm looking for ways to make it grow faster. I've thought of a number of ideas and finally acted on one just this weekend. I've been running for a while and decided to try dog running. A women in my neighborhood let me run her dog, she and the dog were pleased. I did not charge money for it, but I know she is willing to pay money for a regular service which is exciting. + +I wouldn't have made any of these transitions had I not been reading this subreddit. I have new goals for myself and can now see myself being someone who can FI instead of someone who sees work as a requirement and can't afford water out of a vending machine. + +Thank you! + + +EDIT: Oh wow this got big. Thank you all for your suggestions an encouragement! +To start this off, I am trying to start my own business, and if that fails I will start another. I know that I will be wealthy one day, but in case that fails, I want to be able to be comfortable. + +I always hear from adults "I wish I had been smart and invested my money when I was your age" + +Well here I am, maybe not smart, but I want to invest so I got that going for me. + +I have been trading on the stock market for about a year now and while I will keep some other money for play on the market I have about $700 CAD in the stock market. + +I am looking for what to buy into that will be worth it in the long run (20 years or so). + +ETFs, companies, index funds, etc. And maybe a plan, should I take a small portion of every paycheck I get and invest it into these companies? or just put it into a savings account? + +Any advice is appreciated (Unless you say invest in GME, I don't want to talk about that) + +Thanks in advance. + Just closed this personal acquisition in Chicago neighborhood of Edgewater/Rogers Park. I bought it off the MLS for $425,000 with a $12,500 closing credit = $412,500 net using the 5% down Home Possible Program. It was listed $455,000 and I got it 3 days after hitting market it said owner motivated in agent only section which was odd and they actually took a low ball! Wooo! This is the cheapest legal 4 unit in that area last two years. On appraisal they used all 2 and 3 unit buildings as couldn't find any comps around purchase price (appraisers for some reason always make appraisal come back at purchase price). + +All four units are 2br's I estimate my top two units will rent $1050-1100 each (mild renovations) and the rehabbed bottom two units $1200-1250 each. Bringing gross rents to $4500-4700. This will bring my ARV to around $600k. I plan to at some point turn this into a BRRR but since I plan to live there for a while may just hold it with current mortgage while living free for next 5 years or so. It also heavily depends where interest rates are. My mortgage is 4.25% with lender paid PMI. + +My rehab budget is $52,000. Scope of work: Adding in unit laundry to all 4 units. Bottom two units doing new gutted kitchens/bathrooms, paint, new stainless-steel appliances. The top two units are in ok shape and I plan to just do new paint, re-glaze the tubs/sink, put in nice wall tiles on kitchen/bath backdrops doing work myself to save money. + +Photos..... Back to the 60's :) + +[https://assets0.biggerpockets.com/uploads/uploaded\_images/normal\_1560526542-genMid.10367576\_1\_0\_\_1\_.jpg](https://assets0.biggerpockets.com/uploads/uploaded_images/normal_1560526542-genMid.10367576_1_0__1_.jpg) + +[https://assets0.biggerpockets.com/uploads/uploaded\_images/normal\_1560526563-genMid.10367576\_7\_0\_\_1\_.jpg](https://assets0.biggerpockets.com/uploads/uploaded_images/normal_1560526563-genMid.10367576_7_0__1_.jpg) + +Happy investing reddit! +For those who reached C-Suite positions by growing up all the way from an individual contributor or middle management, did you hire personal coaches for Navigating office politics, dressing/attire, public speaking or any personality improvement tips? Want to know if their are services or coaches around who help polishing rough edges and see what flaws we don’t see in ourselves. If yes, what has been your experience? Any specific service or coach you’d recommend? How much did it cost? +**What’s up fellow smooth-brained Apes.** OG, day one Superstonk member here dropping my first DD. My brain is pretty smooth when it comes to financial matters, but I’ve grown a few wrinkles over the past 84 years of Hodling my favorite stonk. And I love horror movies. This inspired me to write a spooky DD focusing on the horrors awaiting anyone smooth-brained enough to remain short GameStop. + +**TL:DR-** Shorts are already living a nightmare. But it's about to get a whole lot worse. + +**How did we get here?** + +**IT FOLLOWS:** + +Greedy hedge funds and market makers took turns screwing retail investors and companies like GameStop, over and over again, and for decades they’ve gotten away with it. + +But then they fucked GameStop and didn’t realize they were about to be cursed by an unholy alliance of Ryan Cohen, devoted fans of the company, and autistic art of war tactics like buying and holding the stock, no matter the price. + +Then one day, they woke up, and noticed a strange group of dead-eyed, diamond-handed, retail investors slowly walking towards them. Inch by inch, they moved closer, never deterred, never sleeping, never slowing. They tried to shut off the buy button and managed to get far away from us for a bit…but we just kept walking, until one day, we showed right back up. + +Anyone still short GameStop has been living through a never-ending nightmare. They’ve been constantly pursued by an un-killable beast. + +Retail investors buying and holding the stock relentlessly for more than a year are now the equivalent of the supernatural force from the awesome horror movie, IT FOLLOWS. + +Guess they shouldn’t have fucked us right? + +**What Just Happened:** + +In case you’ve been sleeping underneath a rock, a van by the river, or tripping balls since last week, something incredible happened on Thursday March 31st. GameStop announced some tasty plans. + +**From the Gamestop 8k:** + +*"On March 31, 2022, GameStop Corp. (the “Company” or “GameStop”) announced its plan to request stockholder approval at the upcoming 2022 Annual Meeting of Stockholders (the “Annual Meeting”) for an increase in the number of authorized shares of Class A common stock from 300,000,000 to 1,000,000,000 through an amendment to the Company’s Third Amended and Restated Certificate of Incorporation (the “Charter Amendment”)."* + +And… + +*“in order to implement a stock split of the Company’s Class A common stock in the form of a stock dividend and provide flexibility for future corporate needs. GameStop also intends to request stockholder approval at the Annual Meeting for a new incentive plan (the “2022 Equity Plan”) to support future compensatory equity issuances.* + +**So, GameStop wants to issue a stock dividend. And they want to increase the number of authorized shares up to 1,000,000,000.** + +How is a stock dividend different than a stock split? What are the implications for share price? What happens to you if you are short a stock that issues a share dividend? + +**Stock Split:** + +No new shares are issued from shares held in authorized reserve. Existing shares in the market are diluted by the split ratio (2 to 1, 3 to 1, etc.) + +Because no new shares are authorized, there is no need to document a split as a journal entry by the company performing the split. + +Anyone short the stock during a split has their share obligation multiplied by the dilution ratio: + +Generic Cuck Hedge Fund pre-split is short 5,000,000 shares of GameStop. + +After a 5 to 1 split, Generic Cuck Hedge Fund is now short 25,000,000 shares of GameStop. + +But the share price is also diluted 5 to 1, so their short position obligation is unchanged from a liability stand point. + +**Share Dividend:** + +New shares are issued by the company from shares held in authorized reserve. Existing holders that qualify (by certain dates, which we will examine below), will be awarded additional shares as a reward by the company. + +Because new shares are issued and awarded to holders, the company must create a journal entry. Let’s revisit our favorite fictional hedge fund again… + +Generic Cuck Hedge Fund pre dividend is short 5,000,000 shares of GameStop. Anyone short a stock is not entitled to a share dividend… + +**From Investopedia:** + +*"If an investor is short a stock on the record date, they are not entitled to the dividend. In fact, the investor is instead responsible for paying the dividend owed to the lender of the shorted stock that they borrowed."* + +After a 5 to 1 share dividend, Generic Cuck Hedge Fund is still short 5,000,000 shares of Gamestop. But now they have to also deliver an additional 25,000,000 shares, for a total liability of 30,000,000 shares. + +Uh Oh. + +From Investor.gov ([https://www.investor.gov/introduction-investing/investing-basics/glossary/ex-dividend-dates](https://www.investor.gov/introduction-investing/investing-basics/glossary/ex-dividend-dates)) + +*"Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).* + +*If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares."* + +**Smooth-Brained Math Time:** + +Generic Cuck Hedge Fund is short 5,000,000 shares of GameStop at the market price of $165. + +If they had to close this position right now at that price pre-dividend, that’s a cool $825,000,000. But Let’s say Generic Cuck Hedge Fund can’t or won’t close before the stock dividend. Generic Cuck Hedge Fund stays short 5,000,000 shares after a 5 for 1 share dividend (I know, I know, it’s going to be 7 for 1, but just stick with me). + +Now Generic Cuck Hedge Fund’s obligation is 30,000,000 shares…25,000,000 of which must be bought and delivered. + +Best Case Scenario for Generic Cuck Hedge Fund: The share price dilutes 5 to 1 and they can purchase 25,000,000 shares for roughly $33 a share…which is a cool $825,000,000, just to keep their position open. + +But here’s where things get very very very interesting…what if the stonk price isn’t diluted…but instead is exploding upwards leading up to the dividend being paid? + +Is there another stock example available? + +Oh yeah…Tesla. + +Credit to u/Money-Maker111 and Sam and Samgungraven for providing this data in a separate post you should totally check out: [https://www.reddit.com/r/Superstonk/comments/tuct86/write\_on\_dis\_with\_yorr\_crayons/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/tuct86/write_on_dis_with_yorr_crayons/?utm_medium=android_app&utm_source=share) + +Tesla, another heavily shorted company (but we all know not in the same stratosphere as GME), issued a 5-1 stock dividend in 2020. + +According to the data in the post above: Tesla rose from a 52-week low of $350 pre dividend announcement to $500. + +On the Date of Record for receipt of the dividend, the share price was $2,050. + +After the Stock dividend hit and shares were diluted 5 to 1, the share price was trading at $442. + +Post 5-1 stock dividend the stock then rose back up to $1200. + +**….. Let’s see what could happen to Generic Cuck Hedge Fund if they are smooth brained enough to not close before the dividend, assuming GME followed a similar pattern.** + +For this, let’s just assume GME did the same 5-1 stock dividend. + +GME 52 week low: $77.58 + +GME rises at the same ratio as Tesla from the 52-week low as of the date of record for receipt…GME share prices would be approximately $454 per share (5.85 x the 52-week low of $77.58). + +After dividend issued (5-1): 454/5 = $90.80 per share. + +Then shares rise at the same rate post dividend (2.7x)…90.80 x 2.7 = $245 per share. + +SO…. Generic Cuck Hedge Fund can close their 5,000,000 shares short position for a total of $825,000,000 of stock, bought in the market. + +Or + +They can keep their short position of 5,000,000 open by potentially having to buy 25,000,000 shares (5 to 1 their original position) at a price somewhere between $90.80 and $245… + +90.80 x 25,000,000 = 2.27 billion dollars + +245 x 25,000,000 = 6.125 billion dollars + +Ouch. + +Remember, that is just to keep their 5,000,000 short positions open. If they want to completely close, tack on the cost of another 5,000,000 shares: + +Best case: 2.27 billion + (5,000,000 x 90.80)= 2.681 billion dollars + +Worst Case: 6.125 billion + (5,000,000 x 245) = 7.35 billion dollars + +Also, these prices are obviously way underselling reality. + +Good luck buying 5,000,000 shares of GameStop and not causing the price to shoot through the stratosphere in the process. But it's just too difficult to accurately model for the purposes of this example. + +**Good thing the shorts all closed in January 2021 right??** + +But…what if you were as dumb as a storm trooper and you “accidentally” naked shorted GameStop hundreds of millions of times? + +Nobody could be that dumb right? + +Right? + +Screw it, just for fun, let’s imagine there are 100,000,000 shares short that need to be closed in total (but we all know there’s a very strong possibility there are way way more than that). + +And let’s just imagine they want to close out all positions before the share dividend… Best case outcome (for shorts) = 100,000,000 x (90.80 per share) = More than 9 billion dollars. + +Worst case outcome (for shorts) = 100,000,000 x (245 per share) = 24.55 billion dollars. + +Remember, this is the cheaper option (closing before the dividend). + +Yikes! + +RIP Dumbass. + +# Let’s Play a Game + +**SAW:** + +A short hedge fund, a market maker, and a large broker lending shares wake up in a dark, dungeon like room. + +“Let’s play a game” RC speaking as Jig-Saw over a loud speaker. "In 90 minutes, the room explodes and you all die.” + +“How do we get out alive?” asks the large broker lending shares short. + +“You can recall your shares immediately and walk out,” says RC. + +“Great. Done.” The broker recalls their shares and gets the hell out of there. + +“But how do we get out alive??” Shout the market maker and short hedge fund. + +“You don’t," says RC, while flipping them the bird via security camera. + +Let’s be clear, Ryan Cohen just activated a countdown timer to oblivion. Remember that saying…”all short sellers are future buyers?”, well, RC just made sure that no matter what route they choose, shorts are buying the stock back. And he’s giving them a brutal, bloody choice to make. + +Close now if you can and maybe live to see another day (this is the saw equivalent of chopping your own legs off and trying to escape). + +Or… Stay in the room until it explodes (this is the dividend date). + +Now that we have a rough timeline (shareholder meeting I believe is set for June 2nd per ComputerShare information). + +I suspect by mid-summer the dividend would be issued. So shorts have about 3 months to figure out what they’re going to do. Or do they? + +**Total (share) Recall:** + +(I know this is a stretch and not actually a horror movie...but it's too good) + +Brokers lend shares for borrowing fees all the time. + +But one day, they wake up with violent memories of Mars…in fact it’s a bunch of Ape’s revolting in space. And then, their dreams start to become reality when Ryan Cohen and GameStop drop their bombshell 8k on March 31st. + +Here’s a fun fact. + +Brokers lending shares GameStop are entitled to dividend shares. + +For retail investors, shares issued as a dividend are tax free until the investor sells the shares. Cash dividends on the other hand are taxable events up front. Brokers that own shares utilize a huge tax benefit when receiving dividends known as DRD (Dividends Received Deduction). This is a massive tax write off on the order of many tens to hundreds of millions of dollars depending on how many shares are owed and the value of those shares. + +But…if shares are lent out to shorts on the ex-date, the subsequent dividend is not eligible for DRD, creating a large avoidable tax liability for brokers lending shares. *(Any wrinkle brained Apes with more experience in tax law please feel free to chime in and add context or correct me if I am mistaken on this).* + +Now that the stock dividend has been announced, brokers have considerable downside risk for keeping their shares on loan. + +I strongly suspect that sometime between Monday and the shareholder meeting in June, there’s going to be a massive (total) share recall by most brokers lending shares. + +Huh…that sounds sort of like an event that could force many many millions of short positions to close. + +Interesting. + +**What I Think Happens:** + +I think the three most relevant parties at risk between now and dividend ex date are: + +1)Brokers lending shares + +2)Hedge funds borrowing shares + +3)Market makers or hedge funds naked shorting the stock (probably with positions too large too close and survive). + +Brokers lending shares have every right and incentive to call back their shares. That’s highly likely to happen in large numbers, forcing the hands of funds borrowing those shares to short GameStop. + +Anyone borrowing shares that’s “fortunate” enough to not have their shares recalled by a broker and that has a short obligation small enough to survive closing…is absolutely going to close. + +Once shares begin being recalled or someone begins closing significant positions, it’s going to ignite an incredible amount of upwards pressure on the stock price. + +Once the chain of recalls and closures ignites, it’s going to be nearly impossible to contain. + +But I suspect some market makers (Citadel) will not close their positions pre-dividend. Instead, they’ll pray to be saved by a miracle that isn’t coming. And then they’ll be devoured and liquidated. + +The Tesla data isn’t a perfect comparison for many reasons, but it’s the best recent example I know of that demonstrates how incredibly bullish a stock dividend is for holders, and how brutal it is for short positions. + +I believe that there are hundreds of millions of naked short positions, and that short interest is astronomically higher than what is listed. There has been so much incredible DD written about this that I don’t feel the need to dive into it for the purposes of this post. + +So, if we are correct, and short interest is many times greater than Tesla’s short interest at the time of their dividend, I think much more violent upwards moves are almost certain (and much higher prices than I listed above). + +I think a Tesla like squeeze undersells even our worst case price action scenario. + +None of this is financial advice of course. I just like the stonk. + +But I do advise you to buckle the fuck up. + +&#x200B; + +**Update:** + +**Thanks so much for the engagement and support of the original post. I wanted to create an update that addresses some common questions and expands upon ideas in the original post.** + +&#x200B; + +**No One Gets Out Alive (Except Brokers lending shares)** + +Fidelity moves into a dingy transitional apartment in a rundown section of Cleveland, and immediately things go awry. Sure, the rent is cheap (great borrow fees for lending shares), but there are these god damn ghosts that keep stalking poor Fidelity throughout the house. And the landlord (market maker) seems like he’s hiding something nefarious. + +So, Fidelity asks for their security deposit back (their shares) and unlike in the movie…doesn’t ever go back in that building again (I won’t spoil what happens for those who haven’t seen it). Meanwhile our old friends Market Maker and Generic Cuck Hedge Fund (GCHF), are brutally murdered by ghosts. Oh shucks, that’s too bad. + +I’ve received a ton of great comments asking what happens if brokers don’t recall their shares or suggesting that there will be widespread collusion to not do so. + +There have also been some interesting prisoner’s dilemma references. Let’s unpack this a bit more. + +First, let’s talk about a prisoner’s dilemma. + +&#x200B; + +**Per Investopedia again:** + +&#x200B; + +*KEY TAKEAWAYS* + +*• A prisoner's dilemma describes a situation where, according to game theory, two players acting selfishly will ultimately result in a suboptimal choice for both.* + +*• The prisoner’s dilemma also shows us that mere cooperation is not always in one’s best interests.* + +*• A classic example of the prisoner’s dilemma in the real world is encountered when two competitors are battling it out in the marketplace.* + +*• In business, understanding the structure of certain decisions as prisoner's dilemmas can result in more favorable outcomes.* + +*• This setup allows one to balance both competition and cooperation for mutual benefit.* + +&#x200B; + +So, do we have a true prisoner’s dilemma scenario between the three most important parties at risk now that a share dividend is happening? + +Party 1: Market Maker, copiously naked shorting the stock for a long time and originally at much cheaper share price levels. + +Party 2: GCHF (short hedge fund), borrowing shares from brokers for interest fees to short GameStop, also presumably originally at much cheaper share price levels. + +Party 3: Broker lending shares for fees to make extra cash. (We are assuming the broker in this scenario is net long on GME, hence they are lending real shares they own). + +&#x200B; + +When RC started his “game” in the saw scenario above, he set the stakes (the room explodes in 90 minutes = ex-dividend date). + +It becomes clear right away that one of the 3 parties involved in the game (the broker who is long GME), has every incentive to bail as fast as possible. That’s the beauty of RC and the board’s plan to crush shorts with a share dividend. + +A broker’s ultimate goal is to make money, accumulate assets, and gain market share. + +When they are issued a large share dividend (a bunch of new shares of GameStop or a spinoff from within the company), they are gaining valuable assets. But those assets become a substantial tax liability if their shares are on loan by the ex-date (they do not qualify for the DRD tax savings). + +&#x200B; + +**If we personify a broker, the scenario looks like this once the announcement was made:** + +I could keep lending my shares, get wrapped up in a giant mess of a short squeeze, and be on the hook for substantial tax liability. + +The only upside for me is to keep collecting borrow fees (which in the grand scheme of things are a very small positive financial win for me). + +&#x200B; + +Or: + +&#x200B; + +I can recall my shares before the dividend ex-date. I get a fat tax deduction, I have no skin in the bloody game that’s about to unfold, and I get to watch competitors hang by the rope I sold them. Sounds perfect to me! + +I started digging around for evidence that supports my theory that the weak link (and biggest liability facing shorts) are brokers lending shares being highly likely to recall them very soon. + +&#x200B; + +**Check this out:** + +&#x200B; + +**JACOB R. THORNOCK: The Effects of Dividend Taxation on Short Selling** + +&#x200B; + +*“Using a proprietary dataset of short lending fees and quantities, I* ***find evidence that the supply of shortable shares decreases and lending fees increase around the dividend record date. Moreover, I find greater increases in lending fees and decreases in loan supply for lenders that are sensitive to dividend taxation. The loan fee increase and loan supply decrease are consistent with a tax-induced shift in the loan supply curve.”*** + +*(If anyone has access to the full paper hit me up and I will dive into it more deeply.)* + +But the premise is straight forward and tit jacking. + +Supply of shortable shares decreases around dividend record date. This is because lenders sensitive to dividend taxation want to qualify for DRD. + +&#x200B; + +**From Investopedia again:** + +&#x200B; + +***When the Broker Wants to Sell Loaned Shares*** + +*If the firm is unwilling to continue to lend shares to the short seller, it can require them to close their position.* ***The brokerage firm has the right to call any short seller to return the shares at any point. In this case, the short seller will have to return the shares to the brokerage firm by purchasing them on the market, regardless of whether they end up incurring a loss or a profit based on the current market share price.*** + +*If you are the one whose shares are being lent out by your broker to a short seller, your part in the short sale transaction will have no effect on your ability to sell the shares. During the short sale, your shares are the ones currently being designated as lent out by the brokerage firm, but the broker essentially owes you shares. When you want to sell the shares, the broker is required to replace your shares so you may sell them on the market.* + +&#x200B; + +Oh boy. + +So, let’s put it back together for the smoothest of smooth among us. + +Brokers lending shares have the right to call any short seller borrowing their shares at any time. The short seller will have to return the shares by purchasing them on the market. + +Brokers historically do recall shares when dividends are announced, this decreases shortable share supply, because brokers are highly motivated to qualify for DRD. + +&#x200B; + +**Let’s take it a step further…** + +&#x200B; + +Remember, this is just talking about dividends in general, which are often small cash rewards. Even a small dividend motivates shares to be recalled. + +A multiple share dividend like GameStop is proposing is a substantial dividend (cash value wise) relative to most. + +Let’s say GameStop issues 5 shares as a reward for every 1 share. + +That’s easily greater than $100 in value, for every share a broker owns. You know what would suck? Having to pay taxes on hundreds of millions of dollars in dividends (if you owed millions of shares), instead of being able to deduct all of it. + +Sounds like great motivation to call back shares before the ex-date. + +I am 1000% sure that RC and the GameStop must realize this as well. It’s a brilliant strategy move, to create a large incentive for brokers to sabotage your true enemies for profit. + +&#x200B; + +**US:** + +A timid class-A share of GameStop wanders into a creepy fun house that sits upon a pier in coastal California. Inside, there are mirrors, hundreds, and hundreds of mirrors. Our poor share is so lost and scared, wandering around in the dim halls, staring at its own reflection a thousand times over…thousands of fake shares. + +The timid little share approaches a mirror and sees its own reflection…but something is off. The mirror share smiles differently. Then, suddenly, it reaches out through the mirror and chokes the shit out of the timid little share. + +Cut to black. + +&#x200B; + +So, GameStop is issuing a share dividend. In the original post I touched on how that’s very different than a stock split. + +As a reminder: + +\-A stock split divides existing shares into pieces. + +\-No new shares are issued. Share value dilutes by the division ratio (2 to 1, 3 to 1, etc.). + +\-Because no new shares are issued, anyone short the stock during a split has an unchanged liability (from a cash standpoint). + +\-The company approving a split does not need to account for this with a journal entry. + +&#x200B; + +Vs. + +&#x200B; + +\-A stock dividend does nothing to existing shares. No shares are divided. + +\-New shares are issued from reserve shares. Shares tend to be diluted in value but the dynamics of price dilution are much more complicated (and bullish). + +\-The company approving a share dividend must account for this with a journal entry. + +&#x200B; + +**Ok great, new shares, got it. But how do we know which shares are real? What if they all look real (like the fun house)?** + +&#x200B; + +From my understanding we have a few things working in our favor. + +First of all, GameStop is issuing the shares, which are then distributed. There is no role for a market maker in this process. These shares never hit the open market before distribution (remember market makers are the ones who can legally naked short…for LIQUIDITY!). + +But let’s get spicier. + +What if GameStop issued shares that look a little different than their original Class A stock? What if these shares smiled creepily and could choke the shit out you (like in our US funhouse of mirrors). + +Remember from the original post, I referenced something from Investopedia: + +*"Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company* ***or in a subsidiary being spun off****."* + +Hmmm… + +Has there been any solid evidence that GameStop could be planning a subsidiary spinoff from within the company? + +Yes. + +GameStop Entertainment. + +I think it’s highly possible that the share dividend will be new shares for GameStop Entertainment as a subsidiary. + +It would be pretty difficult to create phantom shares for something that up until the actual distribution and implementation of the share dividend…never existed on the open market. + +**To be clear, I believe the share dividend crushes shorts regardless of if it’s for regular GameStop stock or for a spinoff.** + +&#x200B; + +**But imagine if it is a spinoff…** + +&#x200B; + +And suddenly, shorts now have to purchase potentially hundreds of millions of shares of this new spinoff, many of which will not be for sale (Diamond handing holders). + +&#x200B; + +Well…that sounds like a squeeze play to me. + +&#x200B; + +What if we get two squeezes simultaneously? GameStop class A stock and GameStop Entertainment stock… + +&#x200B; + +Hmmm. + +&#x200B; + +Well that would suck if you were short the stock. The shorts must be so relieved they closed all their positions back in January 2021 right? + +&#x200B; + +**What about tokenized stock and blockchain?** + +&#x200B; + +I still believe this is the future of markets writ-large. It’s possible that GameStop goes this route right away, but I am skeptical it’s the first play they make. + +&#x200B; + +There are significant technical and mass adoption hurdles to clear to deploy a fully tokenized block chain stock market…and I just don’t think we’re at that moment in time…yet. + +&#x200B; + +There are some other downsides in the short-term. Even though Overstock won their case, it created significant legal drama, expense, and if they had lost, it could have derailed their entire plan. + +&#x200B; + +I don’t think GameStop needs to issue an NFT dividend to start this catastrophic chain of events (for shorts). + +&#x200B; + +But… + +&#x200B; + +What if the shorts were crushed once by the GameStop share dividend (or twice simultaneously via the spinoff stock). + +&#x200B; + +And then, in the near-mid-term future, they are crushed again when GameStop tokenizes their stock and deploys a fully blockchain backed market place, removes their stock from the DTCC, and completely unseats standard markets as the place of choice to buy and sell securities. + +&#x200B; + +This is pure speculation on my part, but it could be a possible future arrow in the quiver. + +&#x200B; + +**Tesla Related Thoughts:** + +There have been a number of great questions and thoughts about the numbers in my original post, how accurate is it to compare our situation to Tesla, and how accurate are my prices. + +The Tesla example is far from perfect to model what GameStop’s squeeze will look like. To be honest, I don’t think anyone can truly know for sure, this is an absolute black swan event. + +The only real purpose of using a Tesla like dividend and squeeze scenario is to create a simplistic model that clearly demonstrates that even under the best-case scenario for shorts, they are about to be wrecked. + +That being said, I fully believe that we are looking at a much more volatile (and expensive) squeeze play. + +&#x200B; + +**This is because:** + +\-Short interest for GameStop is higher (as was published and verified by the SEC in their “report”. Unless you believe shorts closed (they didn’t…), then we have every reason to believe this is true and working in our favor. + +\-Tesla has devoted fans, but there was not an autistic army of Apes buying and holding it at any price, and removing shares from the DTCC (via DRS). + +\-GameStop’s tradable float is tiny. + +&#x200B; + +**So…how high can prices go?** + +I have no idea. + +But there’s no good reason to believe that prices like phone numbers are not possible (or even highly probable). + +&#x200B; + +***“Your numbers are unrealistic, there’s no way that generic cuck hedge fund (GCHF) could even find 5 million shares to close immediately at $165 without significant price escalation…”*** + +Yep! + +Totally agree. That’s what is so incredible for us. Good luck finding millions of shares to buy (for affordable prices) when a huge chunk of the float is locked up already and Apes aren’t selling. + +&#x200B; + +**Wrapping Things up:** + +Thanks again for the awesome engagement around the original post. Let's keep the discussion going and if you think we're onto something juicy here, share it with friends, family, and the world. + +As always, if you have something you think compliments what I've written, please let me know, and I'll try to address it. Or if you think I'm way off on something, let me know. I don't care about being right up front, I just want to help elevate the most promising ideas so that everyone can benefit. + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; +Hello, + +I am just sharing the summary of some dividend paying stocks in the industrial sector. I think all of them are close to the buying range. MMM looks cheap although their growth has slowed down. I have started to invest from 2017 so not an expert. Still learning. Please do your own research. + +|Ticker|CAT|MMM|EMR|HON|UNP|NSC|DE| +|:-|:-|:-|:-|:-|:-|:-|:-| +|C. YIELD|1.99%|4.08%|2.28%|2.01%|2.11%|2.03%|1.25%| +|PE|20.58|14.6|19.46|24.23|21.27|19.75|19.56| +|PAYOUT RATIO|41%|59.6%|44.4%|48.76%|44.82%|40.03%|24.29%| +|DIV. GROWTH YRS|28|63|63|12|17|20|2| +|CAGR 5 YRS|7.59%|5.38%|1.37%|7.03%|14.87%|14.19%|11.03%| +|DOWN FROM 52 WEEKS HIGH|\-9.64%|\-29.42%|\-14.82%|\-17.75%|\-19.7%|\-18.23%|\-19.2%| +|YOY REV GROWTH|22.5%|7.2%|10.81%|5.17%|17.39%|16.47%|14.89%| +|BUY ALERT|HOLD|STRONG BUY|WATCH|HOLD|HOLD|WATCH|WATCH| +[https://www.youtube.com/watch?v=j7imfdyi-C4&ab\_channel=CNBCTelevision](https://www.youtube.com/watch?v=j7imfdyi-C4&ab_channel=CNBCTelevision) + +I rarely watch or listen to Bloomberg or CNBC, but I found this is so hilarious. They sometimes can be helpful, but it is more like entertainment for me and it reminds me to have my own ideas and thoroughly scrutinize it. +I recently built a stock research tool that's specifically designed for long term investors ([https://www.oakheartcapital.com/](https://www.oakheartcapital.com/)). + +As a long term investor, I find the most time consuming and tedious part to be compiling financial data from SEC filings. The problem is that stock brokerage or 3rd party research sites (i.e. yahoo finance) only provide limited financial history (5 years of annual results and 5 quarters of quarterly results). However, that amount of data is often not enough for long term investing, and manually compiling SEC filings takes a lot of time. + +There are paid solutions that do this, but they cost thousands of dollars/year. As a result, they are cost prohibitive unless you have a few million dollars to invest. Most retail investors, including myself, can't rationally justify that cost. + +Last but not least, current research tools available really focus on short term stock performance. How much did the stock price change in the last hour? Why did it move in this way? While useful for traders, almost all of that information is noise for long term investors. The single biggest challenge for long term public market investors is holding onto great companies through volatility. Consuming the noise everyday makes this job much harder. + +In short, I want a stock research platform that helps me understand company fundamentals and track important updates without being inundated with short term noise. I couldn’t find any existing solutions out there so I decided to build my own. + +With Oakheart Capital, this is my first stab at solving this problem. With it, you will get: + +* Up to 30 years of consolidated financial statements, cleaned and normalized across companies. All financials converted to USD. +* Calculation of key valuation metrics over time. +* Links to SEC filings for subsequent deep dives +* Easy to use stock screener that can filter by sector, industry, key financial metrics and growth. + +I also made some unconventional design choices to help eliminate noise: + +* The default price chart starts from the stock IPO date. This is a low cost way to remind myself to focus on the long term, not daily price movements. +* There is a stock news section, but it is filtered to eliminate low quality articles that drive clicks without adding value (most of them are ones that regurgitate stock price movements or perform technical stock analysis). + +The tool is free to try and no credit card required! The free plan gives you ~~3~~ 5 years of annual and ~~12~~ 20 quarterly results. Most free data providers give 5 years of annual and 5 quarters of quarterly results. Pro plan is priced at $20/month, and will give you up to 30 years and ability to export data to excel. + +If you are someone that’s actively pursuing a long term investing, please try it out! Would love to hear your feedback. + +Thanks! + +**UPDATE 9/2/2021:** Lots of great feedback and interaction from the community since yesterday. Already have a big list of ideas to prioritize in my to-do's. There were 2 constructive feedback that stood out to me the most: + +1. The free tier's data is lacking. 3 years is simply not compelling enough to overcome the switching cost. This is a fair criticism considering other features of the site is still in need of development. I have since extended this to the 5 years and 20 quarters of results. This is now substantially more than any other major provider's free tier offering (i.e. Yahoo/Google Finance, Morningstar, Zacks etc.) and an incredible resource. To access the quarterly results, simply create an account. +2. There are people that were interested in trying the pro version, but wanted a risk free way of doing it. Again, totally valid point. This was always my intention, but I should have made it more explicit on the site. If you do purchase the pro version and find it not helpful within 30 days, I'll give you a full refund, no questions asked. I'll also be implementing a free trial period in the coming days so you will only be billed starting the next billing cycle. + +Lots of exciting work ahead. If you are interested in following along, please sign up for the newsletter or create account. Your feedback is invaluable to shape the future of the platform. Thanks again for the support. +Using data pulled from [maximum pain dot com](http://maximum-pain.com/options/GME) on today's option chain, there were: + +36,316 calls that expired OTM with strike prices from $107 to $170 + +24,025 calls that expired OTM with strike prices from $172.50 to $250 + +That's 60,341 calls that went kaput with prices that might have seemed reasonable if you chose to follow the options push around here when GME's price was riding between \~ $170 and $240 in September, October, and November. Hell, even December, too, if you went shorter term. + +Another 26,053 calls expired OTM with strike prices from $260 to $480 (GME's highest historical price). + +Another 90,338 calls expired OTM with strike prices from $490 to $950, just for the record. + +Meanwhile, if you bought shares either directly through Computershare or a broker and then DRS'd them, nothing expired. You have real shares, in your name, that no one can touch, and since the price is wrong and you're not going to sell them until you can name your price, how much you bought them for is essentially irrelevant. Their value is tied to the idiosyncratic risk of GameStop, and therefore at this point, priceless. + +They are going to throw every kind of fuckery at us possible to try to stop MOASS from happening. Diamond Hands isn't about holding through dips, it's about being immune to the total and complete asshattery that the entire system is going to try to drop on us to shake loose shares from those who cannot stomach it. This includes screwing with the options chain, draining money from people via premiums, stopping you from buying real shares, and instead counting on you gambling on the idea of turning a little money into a lot of shares. + +Here's a better idea - let's all turn our little shares, no matter how many you have - X holders to XXXX holders - into a LOT of fucking money. Let's lock the float and END the fuckery. + +Buy. HODL. DRS. Shop Gamestop. +Hello everyone + +Degiro trader account lets you borrow money at 1.25% p.a. if you provide your stocks, or in my case my ETF,as security. + +If i invest into FTSE All World and only take credit on 50% of my holdings, is there something bad that can happen? Even if the market crashes 50% i still have enough security to not sell my stocks. + +Assuming the historical return of 7% stays the same, why would i not pay 1.25% to leverage my investing? + +The only reason i can think of, is degiro being able to lend my ETF, which they currently cant, since im on custody profile. + +Thank you for answering +I'm trying to help my father select the best investment for his retirement: I'd greatly appreciate if you could tell me what you think of my solution. + +So here's the situation: he's 70 and lives in Italy, has just stopped working, owns his house and has a bank account with 350k€. He receives a pension, but it does not cover all his expenses: on average an additional 1k€/month should be sufficient for the following years. + +The idea is to invest his money in ETF funds and then to withdraw annually an amount of maximum 14k€ (which equals the 4% of 350k€, following the trinity study) to cover the additional expenses. + +I've selected 3 ETF funds which give exposure to just 25% of the total asset to the stock market, this is my idea of investment: + +* 5% cash +* 25% iShares Core Euro Corporate Bond UCITS ETF (Acc) (IE00BF11F565) +* 45% iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) (IE00BDBRDM35) +* 25% iShares MSCI World EUR Hedged UCITS ETF (Acc) (IE00B441G979) + +I've selected all hedged funds to have extra protection for the annual withdraw. + +What do you think? Thank you very much! +Source: Latest OECD Report + +The report shows that on average, Australian households have debt that is 211.01% of their household incomes. + +“Houshold debt is defined as all liabilities of households (including non-profit institutions serving households) that require payments of interest or principal by households to the creditors at a fixed dates in the future.” + +So if I do my maths right, if the average Australian couple makes about $90k each (180k total), then they would have more than 360k in debt? To me that sounds normal. But to then be told that 211% is the highest percentage of all countries makes me wonder, where did we as a country go wrong? + +Questions to discuss: +- Assuming most of that debt is a mortgage, does this mean it’s too easy to get a loan? Potential GFC repeat but just for Australia? +- Is income growth in Australia becoming stagnant? Or simply not keeping up with living expenses? +- The percentage is based on net income. So could this imply that Australia’s tax rates are too high? +- We might be the highest, but is it even something to worry about? If it is, what should be done about it? + +Edit: Australia is NOT the highest. Instead it is the 5th highest with Denmark being the actual highest at 254.58%. Link https://data.oecd.org/hha/household-debt.htm +Hi everyone! 5 Months ago I started an apprenticeship in accounting after finishing year 11. I work 36.5 hours a week, with one day at college for study towards my AAT level 2 qualification. + +I am currently on a salary for £12,000 a year, so £1,000 a month (£950 after pension and national insurance contributions) and I am putting £700 per month into a stocks and shares ISA in the S&P 500. I still live with my parents so I don't currently have any expenses to pay which is a bonus. + +I want to at some point have enough saved / invested to be able to afford a deposit for a mortgage, however at my current rate of pay, that won't be for a while Does anyone have any advice on how to be able to afford a mortgage sooner (like savings schemes or something) or just any general advice? I want to move out ASAP however I dont want to rent anywhere as it doesn't seem like a long term solution. Any advice appreciated. Thank you :) + +Edit - I'm currently taking driving lessons, got them as a christmas present as my birthday was in december, plan on taking my test within the next few months :) +I live in a low income area. Where I live, it is seen as normal to drop out of high school. It is also normal to have kids young. I watched how that screwed up some of my friends’ lives and I decided that I don’t want that for myself. I want a life beyond being a high school dropout with 2 kids on welfare by age 20. I just don’t want to become another statistic. +Link: [https://monzo.com/flex/](https://monzo.com/flex/) + +This feels really scummy, especially from a bank, and screams desperation to make money. Monzo seems to be struggling at the moment, so it's unsurprising, but it's sad that this new payment model has become a norm with such an easy way to access it. +Hello ladies and gentlemen, + +I know this might not be the right sub for it, but i’ve been a member here for some time (with another account) and got some good advice so i’m sure someone will be able to help. + +So as the title suggests I have a property for sale for about 8 months now. We’ve gotten some enquiries/viewings however no real offers on the table. At the moment the property is advertised with two agents. + +Now, the main issue that hinders sale demand is that clients are not able to get mortgages on that specific block as (from what I’ve told) banks have already given too many on that particular one and are not willing to give out more. I’ve cross checked this information with a few people in the market and all have said the same. + +The property itself is located very central, next to a train station and is in very high demand for professionals and students who want to rent. + +I would not mind holding on to it however I need the money for something else. The property does not have a mortgage on it currently. + +Can anyone think of any creative way to sell it? + +Thank you in advance +Well, I can't only post when times are good. Just wanted to write a quick update because people have been asking for FI people to post their statuses during all this and perhaps this will be therapeutic. It definitely sucks to lose that much (in a month!). And it will continue to suck as/if the market goes down. Here's what I've done to slow the bleeding: + +* Moved to a low cost of living country. + +* Lowered my ~~monthly~~ yearly burn rate to 1.2% of my CURRENT (after crash) portfolio. This is necessities and a little teeny tiny tiny bit of recreation/restaurant. Will get better at cooking and most things I like to do cost little money. +* Will continue to live here and keep this withdrawal rate until that withdrawal rate reaches 1% (or in other words until the markets recover 20% (beyond my withdrawals). Then, I'll raise my withdrawals to 2% which will effectively double my current conservative budget. +* Could be months, could be years. I'm young, single and flexible as fuck, so I'd be silly to not take advantage of those things to protect my future self's retirement. +* My pre-FI career is a bit distant after taking a couple years off, but I'm going to seek out some projects if I can get them as people get back to work so that I'm further reducing withdrawals, ideally to zero and, if I'm lucky enough, buy more equities as the markets are depressed. + +&#x200B; + +***"To be free, you must be flexible."*** +\-Nobody 2020 (but thought it sounded good) + +EDIT: Meant 1.2% per year (divided and spent monthly) lollll +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."** +First week back at work after 3 weeks holiday. I fucking hate my job 🤬. + +I've only been here a short time, and it's kinda fucked, kinda working - but a whole lotta fun; and it makes working the job more tolerable just so I can throw cash into random bullshit here and feel a part of a community that may, with some luck, get me the fuck out of that hellhole. + +Love you cunts and cuntettes, and love your koalas and koala wannabes. May your all find the rockets you are searching for, so that you may finally be taken to a place full of lambos and tendies. + +So yeah... Thanks ❤️❤️❤️ + +Edit: spelling and fuck off I'm not a robot I'm showing emotion you Muppet +Bought a 3 unit for $135,000 that rents out for $2400/month, I see this year's dwelling coverage at $650,000. + +I understand that replacement cost shouldn't necessarily be the same as market cost, but if you're renting out a property how much dwelling coverage do you aim for? To me I'm thinking I should look for about the cost of the property since "replacing it" means buying a similar property with similar rents. +I had a search through this sub and couldn't find an answer, so I hope this post is allowed. + +For a bit of backstory, my partner and I have completely separate finances but have a joint account that we both put the same amount in which covers rent, bills, food etc. This is put in 50/50. Now that I'm pregnant we're looking into how best to split/deal with finances when I'm on maternity. + +From my workplace, maternity pay works at around: + +-2 months full pay + +-4 months half pay + statutory maternity pay + +-3 months at statutory maternity pay + +-3 months at nothing + +For the first 6 months I know things will be okay, it's just from 6 months onwards that will be a challenge. Ideally, I'd like to take the full year but completely aware that this might not be possible. From my perspective I think the best way to move forward would be for both of us to save money up until my maternity leave starts and then from 6months I would then have access to this money and be on a salary so to speak? (This would then cover my portion of rent, bills etc. and then have money for myself). + +Or the other option would be both of us putting our salaries into the joint account, but as we do have such separate finances I think this would be a huge adjustment for us and I'm not sure if doing this when we're about to have a huge life change is the right time to do this. + +I'm really intrigued to know how others have manoeuvred maternity leave and finances! + +Edit: thank you everybody for your comments and sharing your experiences. I will most likely lose my job if I attempt to respond to anymore but I have tried to read as many as possible. + +The most common responses that I got where: + +1) My boyfriend take on all of the bills/cover my shortfall whilst on maternity. + +2) Put both of our salaries into a joint account which will cover all bills and both spend from the account. + +3) Similar to 2 but put both salaries into a joint account but allocate discretionary money into separate accounts so we both have money for ourselves (guilt free!) + +I’m heavily leaning towards option 3! But I really do appreciate everybody’s help with this ☺️ +So, I have been seeing more of these posts lately: + +* "I am attempting to find companies that pay at different months in order to get monthly dividends" +* "What companies provide monthly dividends" +* "These companies pay me on dates X and Y, so as a result I get a dividend every month" + +I wish to emphasize: this is not the way to invest. What happens if the following happens?: + +* Company X changes their dividend date? +* Company X drops their dividend entirely (example: Disney) + +Why send all this time trying to make a portfolio that pays you monthly, when in 1-2 years one company might mess up your whole plan? + +Learn to prioritize your dividends, and work around getting something once every 2-3 months. + +There's a lot of things to keep in mind for an investor when it comes to a company. However, 3 things should be above your dividend payment: + +* Company growth - Is the company going to grow its stock value and price? +* Company debt - Is it manageable? +* Dividend growth - Does the dividend grow well, is it relatively stable? (MSFT, AAPL, STAG, are all examples of this) + +Furthermore, chasing companies that pay monthly is not the best practice either. If the company has lost 30% of its value the past 5 years *inside one of the biggest bull markets in history.* Then chances are it is not a good buy. + +Just tired of the wrong advice getting to new investors. I don't want to see new people burned long term because of dividend high. +The price is fake, and it always has been. Our persistence has exceeded what hedgefunds likely anticipated, though this past month is the greatest test to the patience of GME holders. Hedgefunds have two options: + +* Drive GameStop to the point of bankruptcy. + +Well they've BEEN trying that, and I feel they are trying to do the impossible given the dream-team formation of Ryan Cohen, Matt Furlong, and the rest of the experienced executives that left their LONG-TERM JOBS OF Amazon, Apple, and more. What do you think Ryan Cohen could've said to them to convince them? Whatever it was, it must've been fucking striking, as the upper-position staff is compensated in shares. Do you think they give a fuck that the stock is dropping? They likely would've quit already if they cared. Even *they* know the price is fake. + + +The second option: + + +* Truly close their short positions. + + +Though it is very difficult to accurately provide a numerical value behind the YEARS of manipulation on GameStop and its friends tied up its basket, it has been theorized that it would take big money to settle it for good. The problem is that this amount (likely costing multiple billions of dollars) would likely require a bailout of sorts from the US government to avoid wide-spread default/insolvencies of big banks. Could be today, next month, next year, next decade, it just depends on their overall financial stability which would likely be offset by continuing to kick the can down the road. + + +The second possibility has the greatest chance of coming to fruition if we continue to buy, hold, and DRS shares of a company that is staffing people who: + + +>**Roles and responsibilities** +> +>· Build apps for iOS, Android +> +>· Work with **bleeding edge blockchain technology**  +> +>· ... +> +>· Deliver **innovative and highly scalable customer-facing** mobile products and features, used by **millions of GameStop customers.** +> +>... +> +>· Thrive in an ambiguous environment, be resourceful, and make tradeoffs to **deliver customer impact.** +> +>· Exhibit a **bias for action**, constantly looking for ways to **improve the customer experience.** + +&#x200B; + +*Taken from:* + + [*https://careers.gamestop.com/us/en/job/Req-133898/IOS-Engineer-Blockchain-Team-US-Fully-Remote*](https://careers.gamestop.com/us/en/job/Req-133898/IOS-Engineer-Blockchain-Team-US-Fully-Remote)*!* + +*(Automod pls dont kill me)* + + +The position details then mention: + + +>**You will love it because** +> +>· You will build and share products that are **making an impact on the world** +> +>· You will collaborate with **other brilliant minds** +> +>**· You will be rewarded and recognized for your high-caliber work** + +Which, to me, highlights all you need to know: + + +# "You will be rewarded and recognized for your high-caliber work" + + +This extends to us shareholders, as it is not easy to filter through the MSM and decipher fact from fiction. It's not initially easy to hold when the price goes down, though it appears that shareholder confidence has increased as people are becoming more informed of the bullshit market we have in front of us. + + +This is not easy. This is work. And we will be rewarded for it. + + + +Godspeed 🚀 +i took out a $10k loan at 18 years old. i then refinanced that loan at 21 and thought “since i’m refinancing, why not tack an extra $10k on?” + +i was an absolute idiot, but really got my shit together at 25; got my license, bought a car with my savings, only had $8k to go on my loan. + +then i was in a bad car accident. i didn’t know what to do. i was 1,000km from home in a rural town with no accommodation. i ended up refinancing my loan because i had no idea what it would cost to repair my car. i immediately put the excess funds back into my personal loan. + +finally, the pandemic hit. i was surviving on account overdraws and maxed out my loan again. + +i’ve currently got a balance of -$15,500 and a variable interest rate of 12.99%. i pay an average of $550 per month + an additional $200 - $400 where i can. + +does anyone have any advice about how i can get out of this loan quicker? the interest is destroying me. are there any alternatives i should be considering? + +edit: just want to say thank you to everyone for being so kind and understanding. i’m extremely embarrassed about my financial situation, so i appreciate your helpful advice. +I m trading for 2 years now , i didn't see results yet,if someone make living from it just lemme know in the comments,i just want to know if it even possible,i don't want to waste more time studying +They are setting up the next level of FUD, too bad they don't try as hard to make it look legit... You can EASILY edit pages in your browser to make them look super legit, but that doesn't help if Apes are on high alert and call out the posts. Also, most posts have questionable OPs... + +Mods previously said they will BAN any Gain Porn during MOASS. So anything you will see immediately BEFORE or DURING the squeeze is 99% fake, atleast that is how I will treat it. + +Just sort these kind of posts out with the Up-/Downvote system, and report them. + +Media will be fabricating some BS stories to make it seem like people are selling, my bet would be they will do it in a time where the stock is dropping. This would certainly make sense given their nature, but we could also be seeing posts like that in times where stock is just a straight rocket, in which case would make them look pretty dumb, we've seen this before Lol + +This is all speculation, but I'd rather be prepared and wrong, than not be prepared and get played with. These Hedgies are so transparent with their FUD you have to admire it. Screams Desperation. + +Buy hodl - VOTE +GameStop said the NFT marketplace launch will be announced in a 10K or 10Q report. + +I think that’s why we’ve seen such extreme shorting today and the last few months really. + +I know not many are hyping an NFT dividend anymore, but it’s still entirely possible still. Right? + +Either way, MOASS is inevitable and no one is fucking leaving until the financial terrorists are in jail and we see the biggest wealth transfer in history, except the opposite way this time. + +It’s time to take it ALL back. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +This is like if Tesla listed the first flying car for sale on their website and the media doesn’t say a single word about it. Then it only gets mentioned when 🍿 CEO says he wants to partner up with Tesla and give free popcorn and water for all Tesla/🍿 stockholders while he sells more shares. + +They were all over that Spider-Man NFT bullshit and papa Cohen just dropped a fucking NFT Marketplace but 🦗 🦗 🦗 from all news outlets. + +I know this isn’t anything new but it’s still frustrating as hell. And I get that there hasn’t been an “official” announcement yet but I’m sure MSM will still find a way to distract and try to get people to “fOrGeT GAmESToP, bUy SiLvEr iNsTeAd aNd sToP aSkInG qUeStIoNs!” + +Fuck you Kenny, I’m never selling. + +Edit: I think I need to add some context because there is a lot of negativity going on. I thought all of us apes had the same distaste for MSM from all that we witnessed this past year alone. Do you really think just because it’s still a “rumor” that they haven’t reported on it? Because of what? Journalistic integrity? 😂 Or is the more obvious orders from up top and Mayo boy to not report on any positive news for GameStop? As I even stated in my original post, I know that there isn’t an official announcement yet but yet Benzinga nonchalantly tweets about the NFT Marketplace only when mentioned with 🍿. Here is the link you filthy apes + +https://twitter.com/benzinga/status/1475891041647661070?s=21 + +Again, fuck you Mayo boy. Never selling! +I have both WS invest and trade, and in the former I have a growth portfolio where over 20% invested in international equities and around the same percentage in US equities (VTI). + +In my trade, VEQT is among the stocks with higher investment (\~8%) but I keep seeing comments on how in a long run XEQT would turn out better mainly because of the US exposure. + +Given my situation, is it worth putting all my VEQT money into XEQT? +A year ago Ryan was tweeting really cryptically. I believe it was because he was trying to tell us "yes the MOASS is coming" but it was impossible for him to say directly. However as the MOASS approaches, he has begun to be a lot more straightforward. Here are the two main things I think he's trying to say, in case you weren't paying attention: + +&#x200B; + +# Power to the people + +&#x200B; + +[I believe this is his biggest tweet so far](https://preview.redd.it/75ijicz7s8891.png?width=595&format=png&auto=webp&s=f38d05ea3fb559a4f26519f3e07255910834915a) + +This whole thing isn't about just a stock squeeze. It's a financial revolution, it's class warfare, and Ryan is serious about it. He has referenced injustice and inequality coming from politicians and also corporate elite/wall street. Seeing when he uses the phrase "Power to the Players" makes me think it is a way to say "power to the people". By the way, he tweeted this at the exact same time as GameStop submitted their filing allowing for additional shares (and therefore making split dividend possible): + +&#x200B; + +https://preview.redd.it/pjyukksp09891.png?width=600&format=png&auto=webp&s=81b9d7c38dae7eccb057fac1415359db6cfb42f4 + +He also talks a lot about monetary policy and the people managing money. Ryan knows the current financial system is in almost every way possible, fixed to the elite class' benefit. + +&#x200B; + +https://preview.redd.it/dmmv6ltv69891.png?width=598&format=png&auto=webp&s=e788d81146091d5831cdc0e6d4c4c6163fa9071b + +Just as I was writing this post, he tweeted about Wall Street, and it's not subtle. Wall Street is basically just a cost to society that brings nothing good in return. + +&#x200B; + +https://preview.redd.it/yh6tit5jx8891.png?width=593&format=png&auto=webp&s=4d06c3c9ecda0b363b5eaa8922ea77466aac4fd8 + +It's a huge problem that needs fixing. This is where GMERICA and loopring come in. GME isn't just the MOASS stock and the largest redistribution of wealth in history, the company itself is probably also helping build the new financial system. There is no concrete proof for this, but there might be a reason why GME is partnering with loopring, an organization that wants to re-architecture the financial system and make people to go bankless. The MOASS might be the start of the transition from one financial system to the next. A fairer system that works for the people. + +Once we get done with this we can go on to fix society and bring a better tomorrow. Which brings me to the second point. + +# Work + +RC has tweeted many times about work recently. He has also talked in interviews about how much he works and obsess about what he does, to the point of saying he has OCD. + +&#x200B; + +https://preview.redd.it/m5842uq829891.png?width=598&format=png&auto=webp&s=8377fd92d692567d8d094624204622b022af24f0 + +He is saying that he's working on bringing the change we need. But it's also advice for us as the newly "rich class",e just can't be like the old rich class. We have to do what we can to help other people and society, we can't be parasites like they have shown to be. And he knows we'll be different because we've lived as regular, non-top-1% people already, and know what it's like. We need to work on making our society work for the people. Speaking of which: + +&#x200B; + +https://preview.redd.it/r8jj75kk39891.png?width=598&format=png&auto=webp&s=8147944484b87e26e21949f4ccae155899a93579 + +Ryan isn't talking about the CPP here since it (obviously) goes against the principles he has shown. He is making an example of the amazing accomplishments people can achieve when they work towards infrastructure that works for the people. Fast, efficient public transport that is a real contrast to North America's car-centric city planning. Instead of looking only after ourselves post MOASS, we need to change things for the better for **everyone**. + +# Conclusion (and TL:DR) + +Ryan knows the MOASS is coming and he's telling us why he is working on this. This is much more than a get-rich quick gimmick. There is too much power inequality and it's holding us back as a society. He wants to change that and bring Power to the People. It is then our responsibility to to work towards a better future. +This week our house was hit by lightning during a thunderstorm. We lost every piece of electronics, most of our appliances, and much of our lighting, and internal wiring. I have home owners insurance with a $1500 deductible, but while they drag their feet I have been starting to restore my house. Between a new garage door opener/installation, electricians/electrical work, and starting to replace appliances and electronics, I have already spent around $5000 out of pocket. I will get some of that refunded once my insurance claim is processed, but if I did not have the money to start the repairs/replacement I am not sure what my family would have done. I can not put into words how stressful this has been for my family (we have 2 young kids), but knowing money is not an issue thanks to my emergency fund, that has allowed us to sleep at night. + +Edit, just to save myself some PMs; +Every device was on a very good APC Surge Strip. I also have my local Power Companies Surge protection (which I found out that does not cover lightning strikes). I have a home server on a CyberPower CP1500 UPS, that was destroyed as well. Both the Fire Marshall and Electricians that came to my house said there nothing you do can prevent against a lightning strike. 50,000 volts going through your house is a little more than a surge. As far as the surge strips protection, you have to register them before the "incident" which I did not, so no coverage. + +Every Surge Strip in my house looks like this: + +http://imgur.com/a/JfvOW +I feel like people manage to do this even when they're not particularly well off. +I also wonder if I could do it as I'd fancy the project. + +Do they include the money for the work as part of the mortgage? How does it work? Does it cost extra in fees or interest? +Thanks +Hey all, I put together this quick sheet to run house purchase scenarios for my wife and I to work out what we can afford. Thought I'd share it here so you can give me advice on whether it's correct/accurate... Feel free to copy this into your own sheets/excel doc if it's any help to you. + +[https://docs.google.com/spreadsheets/d/1CuweznUCIfmNz3019yQHj6dg1Iokt5OqzeHqbme8Z-8/edit#gid=887672390](https://docs.google.com/spreadsheets/d/1CuweznUCIfmNz3019yQHj6dg1Iokt5OqzeHqbme8Z-8/edit#gid=887672390) + +It calculates stamp duty at 5.5% (which is what it is in Victoria, where we're shopping) + +It also allows for you to specific a loan amount as a % of the purch. price (LVR) + +Setting the Interest rate will also give you a monthly/weekly repayment figure (P&I). + +Hope this is helpful to some of you :) + +I TAKE NO RESPONSIBILITY FOR YOU USING THIS. PLEASE do you own diligence and don't rely on this tool alone. +I’m 24 and a little over $100k NW with no debt - I’ve been asking myself this question for a while and I constantly tell myself the one thing money can’t buy is youth & time. Eventually when I’m older I’ll wish I did more in my 20s if I lived full frugal mode. That’s what I tell myself - Am I right by thinking this or is it subjective? Can any older Redditors give some wise knowledge or outside perspectives? + +I don’t mean ultra expensive hobbies like heliskiing or yachting. I skydive, scuba dive, expedition mountaineering and ice climb. My cheaper hobbies involve hiking, paddle boarding and kite boarding. Short of expedition mountaineering, I do all of these on a very routine basis. I travel a lot as well but try to save money rather than staying at the St.Regis and instead try to find a comfortable middle ground. Looking back, I could have easily doubled my NW if I didn’t do any of that and chose to compound it instead. I have a fear of not having enough when I’m in my 40s but I also have a fear of wasting my youth and time not ‘living’. I feel like this is the epitome of a first world problem to have. +Despite sell articles popping up on MSM, Alabama Retirement Systems thinks GME is a strong play. + +[Retirement Systems of Alabama Takes a $14.14 million position in GameStop](https://etfdailynews.com/news/retirement-systems-of-alabama-takes-14-14-million-position-in-gamestop-corp-nysegme/) + +Let's go Apes! +A credit default swap is " a financial contract whereby a buyer of corporate or sovereign debt in the form of bonds attempts to eliminate possible loss arising from default by the issuer of the bonds. This is achieved by the issuer of the bonds insuring the buyer’s potential losses as part of the agreement. " + +Essentially, it is insurance for the creditor in the case of default from a debtor. + +A creditor can get into these credit default swaps contracts, where a creditor pays a fixed amount to another party (the insurer) and when/if the debtor to the creditor defaults the insurer will step in to make the creditor whole. + +Now, people have known about Evergrande and their liquidity issues for about a year. Investors (Debtors) would have purchased these credit default swap contracts for Evergrande. + +Now, apparently this week is full of holidays for China - so TOMORROW, when a good chunk of China is back to work AND when China is expected make an announcement as to whether or not they will SAVE Evergrande or let it default, THEN we will find out how the markets truly respond to this catastrophe. + +**What would be the effect of the credit default swaps on the rest of the financial markets?** Obviously, we don't know who the insurers are, but I'd imagine that that insurer is probably issuing securities out of its pooled credit default payments. Like all insurance companies.FYI, Credit Default Swaps are what really hurt AIG during the 2008 housing crisis. + +Side note: Everyone is expecting China to step in and save Evergrande or somehow at least prevent contagion effects throughout the chinese markets. + +Thoughts? +With RC invested in both GME & BBBY, it's highly likely these two heavily shorted companies are going to squeeze. The answer to the question "Wen moon?" has always been "Tomorrow". *Until, today*. + +**1. GME and BBBY are going to squeeze together** + +Why together? Why not one squeezing before the other? Because any ape making ridiculous tendies off of one squeeze is going to roll over millions into the next squeeze. If BBBY squeezes first, that means billions will roll into GME squeezing far beyond Uranus. If GME squeezes first, that means billions will roll into BBBY. *Nobody* at the SEC, FINRA, CFTC, and Wall St wants to have that happen. (They simply can't afford it!) The only way to keep one squeeze from feeding another is to have them **squeeze together**. + +**2. BBBY Squeezes by Jan 20, 2023** + +This one is pretty easy and clear. [Ryan Cohen bought his BBBY shares and call options back in early March 2022](https://www.reuters.com/business/retail-consumer/gamestop-chairman-takes-stake-bed-bath-beyond-pushes-change-wsj-2022-03-07/). From [today's SEC Form 144 filings](https://www.sec.gov/corpfin/form-144-email): + +[RC's Call Options are dated 01\/20\/23 with strikes at $60, $75, and $80](https://preview.redd.it/1s2go6jufci91.png?width=2674&format=png&auto=webp&s=0d2b09b62aa1c0ee07f59ee162ac1827b3ec81cf) + +According to thinkBack in ToS, we can see the $60 Calls priced around $3.55, the $75 Calls priced around $2.57, and the $80 Calls priced around $2.20. + +[ToS thinkBack to look up historical BBBY Options prices](https://preview.redd.it/g05x17izgci91.png?width=4636&format=png&auto=webp&s=13dff60eb891634077f496b6b64b27e983826af7) + +This means BBBY needs to exceed \~$82 by Jan 20, 2023 for the top strike of those options to be ITM and profitable. If BBBY doesn't moon by Jan 20, 2023, then RC loses up to **$5.2M** (=11,257 x $355 + 444 x $257 + 5,000 x 220) on his Call options. I'm betting RC knows what he's betting on. + +Also, as a GME insider, RC can't freely trade GME so MOASS is just paper money to him. In his other hand, RC is *free to trade BBBY* because RC turned down a board seat at BBBY opting to put independent directors into position instead. Remaining *outside* the company gives RC the freedom to sell his BBBY shares and options when BBBY squeezes. + +You might also notice from the thinkBack screenshot that the only far out options available to RC in March were the Aug 2022, Jan 2023 and Jan 2024 options. RC *specifically bought* the Jan 2023 options because he *knew* the squeeze wouldn't occur after that. (Otherwise, he'd need to have bought the Jan 2024 options.) Also, RC avoided any shorter time frames on or before Aug 2022. **RC timed his options position to coincide with a squeeze occurring between Aug 2022 and Jan 2023.** + +**3. BBBY Squeezes in the next 3 months** + +Yesterday (Aug 16, 2022), [RC filed a Form 144 with the SEC](https://www.sec.gov/corpfin/form-144-email) indicating RC Ventures will **potentially sell** its BBBY holdings beginning yesterday (08/16/22): + +[Form 144 \[pg 1\] RC Ventures potentially selling BBBY beginning 8\/16\/2022](https://preview.redd.it/kzko8jxfkci91.png?width=2956&format=png&auto=webp&s=94e01f07c6d558a1674e862e21043d69997603d6) + +[Form 144 \[pg 2\] RC Ventures potentially selling BBBY beginning 8\/16\/2022](https://preview.redd.it/oa1l8n1lkci91.png?width=2960&format=png&auto=webp&s=b6817af4859f66fc4703bb1b059c7a38983d4bf6) + +The interesting thing about a Form 144 is that, according to [investor.gov](https://www.investor.gov/introduction-investing/investing-basics/glossary/form-144), Form 144 must be filed with the SEC when the amount **to be sold** during any three-month period exceeds 5,000 shares or $50k. + +https://preview.redd.it/mazq7m58lci91.png?width=1424&format=png&auto=webp&s=36ec103116617e475031f54f1d3c738f93efaf10 + +This Form 144 filing sets a 3 month clock indicating that RC Ventures has a [bona fide](https://en.wikipedia.org/wiki/Good_faith) good faith intention to sell his BBBY position. The only reason to do so is if RC expects BBBY to squeeze in the next 3 months. + +**4. OCC is in dire need of money in the middle of Sept** + +Per my [prior DD](https://www.reddit.com/r/Superstonk/comments/wesue0/wen_moass_soon_heres_an_interesting_timeline_of/) based on work with u/Freadom6, the OCC freaked out and filed proposals with the SEC begging for money from pensions and insurance companies which, if approved, would be a bailout available to the OCC as early as **Sept 18, 2022**. Sept 18, 2022 is just 1 month into the 3 month window RC Ventures just opened up to sell their BBBY position! + +# TADR + +RC expects BBBY squeeze in the next 3 months (by Nov 16, 2022) based on the Form 144 filing by RC Ventures. This window of time is within the Aug 2022 to Jan 2023 window for RC's Call Options to print 💶. + +BBBY and GME will squeeze together because nobody in government and Wall St would dare let the profits from one squeeze roll into the next. Plus, one bailout is much easier than two. + +⏲🔥🚀🌝⛢ + +**Flair**: Some DD mixed with speculation. This one feels more speculative connecting dots than pure DD. Feel free to tell me if I should change the flair to DD, Possible DD or whatever fits best. + +EDIT: Reflaired to Possible DD upon request. ;-) u/einfachman + +EDIT 2: See also this [2022: Year of the MOASS](https://www.reddit.com/r/Superstonk/comments/uf8pm6/2022_year_of_the_moass_8_reasons_why_soon/?utm_source=share&utm_medium=web2x&context=3) DD from u/einfachman 4 months ago expecting MOASS sometime this year. + +EDIT 3: Here's what ToS says about RC's options positions. RC's $5.2M (*approx*) options position have generally been underwater (except for a short time late March), *until 8/16* the day RC filed Form 144. With the fun squeeze expectations over the next 3 months, RC is in prime position to close his position for a HUGE profit. + +[RC's Options P\/L: Mostly negative as of 8\/15 \(except for late March\), until 8\/16](https://preview.redd.it/zolopf2vfdi91.png?width=4656&format=png&auto=webp&s=76461b0f2f1778a4ec426d42177dfaddba817324) + +[RC's Calls are now profitable as of 8\/16](https://preview.redd.it/x9ovfme2gdi91.png?width=4662&format=png&auto=webp&s=f7c2b08ec09c1040429d92ee855906d9a9feaaf8) + +Here's RC's P/L mapped out (ToS Risk Profile with simulated trades corresponding to his call options): + +https://preview.redd.it/hfuatm12idi91.png?width=4652&format=png&auto=webp&s=753d2797372452c46c753a409315f079691f1847 + +As you can see from the P/L graph, on expiration (light blue line) RC's options expire worthless if BBBY is below $60. Above about $65, RC's options start printing. Above $80, all of RC's options make bank for RC Ventures. + +As of today (pink/purple line), RC's options just turned profitable. + +EDIT 4: I keep seeing comments about how RC can file Form 144 every 3 months to keep his options open and/or that Form 144 doesn't mean he will sell. According to [investor.gov](https://www.investor.gov/introduction-investing/investing-basics/glossary/form-144) (screenshot above), Form 144 must be filed with the SEC when the amount **to be sold** during any three-month period exceeds 5,000 shares or $50k *and* the person filing must have a [bona fide](https://en.wikipedia.org/wiki/Good_faith) good faith intention to sell. You shouldn't file Form 144 if you don't intend to sell. By filing Form 144, RC Ventures is notifying the SEC of their intention to sell. + +EDIT 5: Apes shouldn't need to file Form 144 which is for company affiliates to notify the SEC. Unless you're an affiliate (e.g., by owning 10% or more of a company's stock), you don't need to file it. +This is more of a cautionary tale than anything else. I was out to dinner last night when I received an email from PayPal, in Spanish. I assumed it was a phishing attempt until I saw that it actually came from @paypal.com + +I put the email through Google translate and it churned out perfect English (no misspellings) and informed me that my request to transfer $500.00 from my bank account to my PayPal balance was processing and that the funds would be available on Monday. When I went to log in to my account, my password didn't work so I reset it and I did indeed see the -500.00 transfer in my account, so the email was legit. + +PayPal was closed when this happened but I called my bank to alert them of the fraud. + +I called PayPal this morning and when I went to log in to my account again, they'd changed my password *again* overnight. I went through and changed all my passwords everywhere and PayPal sent me a secure reset password thing and locked down my account. + +Turns out, someone gained access to my email and sat on my PayPal account for a month and tried to slip this in on the sly. PayPal said that they send the email in Spanish because most people will assume that it is spam and not realize it's a legitimate PayPal email. Once the money is available, they transfer it to their own account. She said I was fortunate to catch it before it got to that point because they're able to cancel the transaction. Super creepy knowing someone was watching all my Uber transactions for a month. + +Anyway, I had never heard of this particular scam so I hope my story helps someone else! If you see an email from PayPal in Spanish or another language, double-triple check it! + +IBeam is an authentication and maintenance tool used for the Interactive Brokers Client Portal Web API Gateway. It is directed at IBKR users. + +You can find IBeam on GitHub: + +[https://github.com/Voyz/ibeam](https://github.com/Voyz/ibeam) + +Features: + +* **Facilitates continuous headless run of the Gateway.** +* **No physical display required** \- virtual display buffer can be used instead. +* **No interaction from the user required** \- automated injection of IBKR credentials into the authentication page used by the Gateway. +* **TLS certificate support** \- you can provide your own certificates. +* **Containerised using Docker** \- it's a plug and play image, although IBeam can be used as standalone too. + +# Example + +Instead of starting the Gateway manually and authenticating using the webpage, run: + +`docker run --env IBEAM_ACCOUNT=your_account123 --env IBEAM_PASSWORD=your_password123 -p 5000:5000 voyz/ibeam` + +That's it, you'll now be able to communicate with the Gateway. + +`curl -X GET "https://localhost:5000/v1/api/one/user" -k` + +I’m looking for someone who would like to do some code review on it (it’s relatively small), and there's a few areas of further development that could be addressed, so if you’d feel like helping out - drop me a message. + +Hope you guys find it useful 😊 +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. +for most of the past 15 years, i've lived in the downstairs unit of my landlord's house with her living upstairs. with our respective dogs, we've kinda become our own little family. three years ago she bought a second home in the san juan islands and now alternates homes each year. shortly after leaving for the islands last month, she emailed and offered to sell me half this house. i'd be responsible for a mortgage of \~ $225k, plus taxes, half utilities and repairs in my downstairs space. she would then leave me her half in her will. she said that there's not much benefit for her to do so but is offering it as a favor to me if i'm interested. + +home ownership has never been a priority for me and have always been content renting- especially here. it's a lovely home (< 25yrs old) with a 5-star view in a semi-rural area in the mountains outside anchorage alaska. although i'd eventually like to live further north, i wouldn't complain spending the rest of my life in this house. i don't like the thought of a large % of my net worth to be tied up in something. i also really enjoy my lifestyle- much of my income is derived from trading and am able to cover my monthly expenses by working part-time. i can work as much or as little as i need or want at that job. i have a lot of flexibility and free time, and that's about all i've ever wanted in my adult life. i keep my expenses low so that i can get by on a minimal income. i don't want to go back to work full time to be able to afford to buy half of this house. in fact, i don't ever want to work full-time again for the rest of my life. as a result, my first reaction was that i was not interested in buying half the house. at the same time, i'm open to the possibility that i have a blind spot and am being a supreme idiot for not jumping on this opportunity. am i? + +relevant info: + +me: 47 y/o, single, dog dad; no debt, credit score of around 750 (2011 bankruptcy just dropped from my record last month), currently paying $800/month in rent (a total steal for where i live), make $27/hr working 15-25 hours a week at my job, income from trading is variable (if i were living off of trading income only, i could probably consistently cover my monthly expenses without the part time job. i'm definitely not getting rich from trading anytime soon but have become capable in the 3 years i've been doing it); current total liquid assets of > $60k, no retirement account; and am about as content as i could imagine being. + +edit: this has already gotten more comments than i expected- and thank you for them. got chores to take care of before the falling snow gets too deep so will be a few hours before i can respond to comments. thank you. +Hey guys, + +**by now we have all seen the headlines, Melvin Capital supposedly closes Q1 with a 49% loss:** + +&#x200B; + +https://preview.redd.it/bn8x1n751ds61.png?width=741&format=png&auto=webp&s=7897c2e26252b3063d85d9836e53b77c02bf1a52 + +Of course, whether that's true or not remains to be seen, but I have just spent half an hour inputting stock price changes into Melvin's portfolio, and **if it's true, IT'S REAL BAD.** + +Apart from being **a fraudulent short seller**, Mr. Melvin is actually a pretty shrewd investor. + +For the period ending 31 DEC, he reported to the SEC a **Portfolio Value of $22,639,690,000** across 77 positions, opening 5 new ones, and closing 36 positions. Mister Melvin sold a lot of profitable calls and stock at the start of this and previous quarter (at first glance), so it's also likely he is sitting on a sizeable cash reserve. But that's not the crux of this analysis. + +&#x200B; + +**In this report for 31 DEC 2020, Mr. Melvin reports holding $19,787,325,000 LONG in the following stocks:** + +&#x200B; + +[ Great bet on AVIS, Mr Melvin! I will spend it wisely. ](https://preview.redd.it/gw82szhk1ds61.png?width=1237&format=png&auto=webp&s=a25a7ea04fe8a552c635a94bb72cd0afed0404e4) + +[ ANF sure turned out to be a shrewd pick, huh?! Good going Gabe! ](https://preview.redd.it/6ybn0a4l1ds61.png?width=1123&format=png&auto=webp&s=3ab77b2b11dd94d40ac1aaac2ace149488336135) + +[ Gabe with the X-ray vision on XRAY! ](https://preview.redd.it/6tlgnmll1ds61.png?width=1122&format=png&auto=webp&s=9b1c23a56c939ff22ca4062ed3144d65727cd818) + +# Let's zoom the total in: + +&#x200B; + +https://preview.redd.it/8yv5tg431ds61.png?width=511&format=png&auto=webp&s=a3577b71407bc9372c9e863677c81a83ef8b0534 + +# Mr. Plotkin posted a 7.62%, or $1.507bn profit in his LONG holdings between the 31 DEC report, and 31 March 2021! + +# Well done Mr. Plotkin! Thank you for making sure you have enough liquidity to pay any liabilities that may come up in the future! + +&#x200B; + +**49% of Mr. Plotkin's LONG portfolio would be:** + +# $10,434,209,633! + +A $10.43bn loss, guys! + +**A $10.43bn loss, so far, Gabe.** + +&#x200B; + +\---------- + +**Find more long-read DDs in my profile, I now research and write about GME full-time thanks to the kindness of the apes!** +I got a promotion at work. I went from waiting tables, to being a trainer while serving, to now being a key holding assistant manager. The hours suck and I have a lot of things about my new position don’t enjoy, such as working 50+ hours a week and being on a rotating schedule. But I get $16 an hour. That’s huge to me. Ever since I graduated college in 2010, I’ve struggled and not even made it paycheck to paycheck. +I’ve been in this new position for almost two months. I have a little over $2,000 in my daily account that I’m using to pay my bills and my debts. Most importantly, I have my first emergency fund with $550. It’s worth all the hard work I’m putting in to make myself stable, for the first time ever. +Also, what have you learned that massively helped you achieve your goals? + + + +Thank you. + +Quick edit. HOLY SH*T. Thanks for all the comments and upvotes, I’m going to go through all of them and give them a good read and reply. Hopefully some other people learned some stuff too that will help them because I did. Thank you! +Hi all, I am posting on behalf of my mom. I recently started talking to her about her finances and retirement savings. She makes an effort and has been contributing but is not financially savvy, so we've been digging into her documents. + +Her 401k statements correctly reflect her elected deferral of 15% of her salary going into her 401k since she started her job 9.5 years ago. + +What I didn't see was her matching - per her contract they are supposed to match up to 6% at 100% (so contributing 6% of her salary). Her pay stubs DO show 401k match of an appropriate amount in the employer contribution section, the money just isn't in the 401k account. + +I asked Mom about that and she managed to dredge out a decade-old email from the person who handled their HR back then. She emailed them a few months into the job saying she'd gotten her first quarterly 401k statement and it didn't show her retirement matching. The HR rep replied to the email saying that the matching wouldn't be shown on her retirement account statement, and as long as she sees it on her pay stub then she can rest assured she's receiving it, and the HR rep went on in this email to give her the advice to not read too much into her statements, that 401ks are set-it-and-forget-it and to let them worry about the math.. + +While I wish she had dug into it more, she was a recent immigrant to the U.S. without much knowledge of the system and her English wasn't great, so she basically trusted the HR rep and didn't worry about it. + +Anyway, I had her check with her HR folks NOW, who initially brushed it off saying it's in the same 401k account and should be shown on her statements. After some confusing back and forth I had her send them a copy of her statement and that it doesn't reflect the matching contribution. Upon seeing the actual statement they realized something was wrong and confirmed that indeed they have NOT been contributing the matching to the 401k account. They have told us they are still looking into the details of how that happened and "whether there is anything we can do about it after the fact." They have started the contributions now (I confirmed the that employer matching contributions appear in the account for June) but the question is - what about the last 10 years? + +Based on her annual salaries for the time she's worked here, 6% is almost $40k outright. However, if the funds had been invested they likely would've grown quite a bit beyond that. + +Obviously I'm hoping they'll have a fair and reasonable solution, but I wanted a take from you all: what would be reasonable to expect? Is there a particular outcome we should ask for? +Hello members of /r/algotrading ! + +In an effort to expand the algotrading wiki, we are reaching out to the community and asking for post, thread, and even comment series nominations that you feel belong in the new "Hall of Fame!" + +**What belongs in the hall of fame?** Any post you STRONGLY feel contributed to this community and significantly contributed to your development as an algo trader. + +**What doesn't belong?** Algo trading 101 type posts, basic info, getting started posts.. etc.. And obviously people who are going to suggest their own posts may not get much consideration. + +So now's your time to give back to the authors who helped you on this sub. Dig through your bookmarks and let us know the content you felt was truly quality work! + +Cheers! +First, for those who don’t know me, I’m the guy that comments and cheers on 98%+ of purple ring posts. I’m xxxx all in GME, 100% DRS. I’m on here many hours a day every single day. I love encouraging and helping others. 🦍💕🦍. If you have questions or concerns, please comment or PM me and I will have, or find, the answer for you. Every single reply to this will get a response. + +#The rate of new CS accounts over time is dropping. + +34,000 in October + +15,000 in November + +17,000 in December + +10,000 in January + +**7-8000 pace in February (6500 month-to-date)** + +My biggest worry about DRS numbers is that once all apes who are going to DRS, do so, the CS account high score will completely stop growing (except for apes still acquiring multiple accounts), and then our DRS total will only increase by the amount of shares existing DRS apes are adding. Then, instead of our numbers growing by 3-4M per month, they will only grow by maybe 500k per month (educated guess). At this reduced rate, it would take several years to lock the float! + +#This is why these 3 things are CRITICAL!! : + +1. The **word about DRS** and GME fundamentals needs to be spread to the masses **outside of Reddit**. If every ape would just try to reach 1 other person and Tweet or comment about DRS outside of Reddit every day, the float would be locked in no time! Twitter, FB, Stocktwits, etc. EVERY APE should do this now!!! I’m tech challenged. I do it, so anybody can. + +2. Apes with money tied up in **other investments could convert those to GME and DRS**. Consider trading in your “other investment” now. It’s the perfect time before the markets tank. Even IF both squeeze, only GME has a turnaround plan that can launch MOASS. +This could also include taking the tax hit if you can or DRSing your IRA. **Tried-and-true new IRA DRS link :** https://www.reddit.com/r/Superstonk/comments/scpxs9/another_path_to_drsira_with_no_taxable/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf + +3. Apes with shares in brokers that will not DRS, such as **Etoro and T212 : think about selling and re-buying elsewhere!!** They don’t have the shares anyway, so selling and re-buying hurts nothing! Please don’t trust your millions to a broker that won’t DRS! Seriously, go read their TOS. Also, see link at the bottom of this post. + +Great comment from u/mia6ix : +“Shorts aren’t closing positions voluntarily, for one thing. Their whole plan was to never close, and they sure aren’t doing it at $100 or even $50/share. For another thing, shares held in eToro aren’t even traded on the real market. Their TOS makes that clear. Apes who “own” shares at these so-called brokers that won’t allow them to DRS are stuck with a position that probably isn’t even real, and will likely be force-liquidated at the first hint of MOASS. If all those apes dumped these crappy brokers and re-bought shares on the open market AND DRSed them, we’d have the float locked and some real buying pressure, finally.” + +More detail about how I know #1-3 are so critical : + +There is nowhere near 700,000 of us on Superstonk and other GME subs. The vast majority of ‘accounts’ are shills, bots, apes with multiple accounts, and dead accounts. I think it would be generous to say there are even 250,000 apes here. + +On the subject of the number of CS accounts … yes, the high score account number being 1265xx means there are 126,500 account NUMBERS. However, there are many apes with 2 or more CS account numbers. I’ve spoken to many apes that have 3-6 different account numbers! This is exactly why roid_rage_smurf (DRSBOT guy) has added the new CSX feature. PLEASE support this! **Simply go back to your original CS post and comment:** + **!DRSBOT:CSx!** +where x is the number of different CS account numbers you have. +**Important: do this even if you only have 1 account or even if you posted long ago.** Otherwise no data is entered for you and if mostly apes with multiple accounts report, it will skew the CSX data higher/DRS total lower. Help spread the word. You can see in the comments section of each purple circle post whether someone has yet to report CSX number. + +After collecting data from the first **1554** apes that submitted a CSX number, the number of accounts per ape is 1.34. This reduces the 126,500 CS accounts based off of the high score to actually 94,402 “unique-ape-CS accounts”. (Maff=126,500/1.34) +This is why BOT and CS.net numbers were so far off from GameStop’s earnings release number of 5.2M on October 30!! + +#94,402 x 159.95 = 15.1M shares DRS’d. + +This is the current number of accounts per high score 126,500 adjusted/divided by 1.34 because of apes with more than one account, multiplied by DRSBOT average shares per ape: + +Next, all too often I see posts using ~33M as the float, but I’m convinced that is wishful thinking. Existing shares of ~75M minus insider shares of ~12M = 63M shares that probably need to be DRS’d. Do you really think hedgies can’t use NON-DRS shares (institutional, mutual fund, and ETF) to continue their manipulation?!? So, even IF there are actually 250,000 apes on Reddit or that know about DRS, the average number of shares per ape would need to be 252 to lock the 63M. Obviously this will take a much longer time to accomplish. Even if we DRS 4M shares every month from October 31 2021 forward, it would take us until January 2023 to DRS the 63M shares. + +**Etoro screwing an ape:** https://www.reddit.com/r/Superstonk/comments/sutu2v/those_fckrs_closed_all_my_positions_etoro/?utm_source=share&amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;utm_name=iossmf + +**From Fidelity TOS:** +“#10. Modification and Termination +"I agree that Fidelity may modify, change, or discontinue the Services in whole or in part, at any time, which may cause me to lose any notes that I have stored in the Services. I agree that Fidelity may immediately terminate its provision of the Services to me if I breach this Agreement, if I have jeopardized the proper and efficient operation of the Services, or if I engage in activity which is contrary to Fidelity's policies. Any unauthorized use of the Services, whatsoever, shall result in automatic termination of this Agreement. +**Fidelity may revise, modify or amend this Agreement at any time without notice. I understand I should check this Agreement regularly."** + +**One of my Twitter scripts:** https://twitter.com/millertime1216a/status/1495553243014905856?s=21 +**Classic from u/Criand about DRS causing MOASS**: https://www.reddit.com/r/Superstonk/comments/pps2yj/direct_registering_shares_drs_is_the_moass_key/?utm_source=share&amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;utm_name=iossmf + +This post is meant to be purely motivational and encouraging. I think if and when GameStop releases the CS numbers as of January 29 in their March earnings release, we will be lucky to be at 16M. Don’t wait for that number. **Get to WORK** and spread the word about DRS to the masses outside of Reddit NOW!!! and DRS your max! I don’t trust any broker now. I certainly won’t trust them not to screw us over during MOASS and/or when they’re facing insolvency. Read your broker’s TOS. Would you put $50M in a bank account in your neighbor’s name? Then why would you leave your GME in the DTCC’s name?! I don’t say this to scare anyone, I say this because I love you and want you to get your tendies. + +#Changing the world is what’s at stake!! + +**BE THE CHANGE!!** + +For newer apes, please check out computershared.net by u/jonpro03. + +#TLDR: DRS your max! Spread the word. +#LOCK THE FLOAT!!! + +🦍💕🦍 + +#Edit: Does anyone know why this same post is being deleted on the other sub? +Hi everyone, I am a first generation immigrant to this great country. Moved here at the age of 25 and now 39, own a tech consulting business(revenue $10m). We are a fast Growing company which can easily hit 15-25m next year, we did 5m last year. But due to the nature of the business, it requires cash to scale it further. + +Personally beyond this company, my net worth is around $4m primarily passive real estate investing and retirement accounts. + +I am fairly confused on what should be my next step. + +History: before starting this firm, I used to work for a fairly successful consulting firm which did $35m in revenue when I was working there and they had multiple acquisition offers which they didn't take at that time and later struggled with the business for 8 years before selling at a way lower valuation. + +Obviously I don't want to repeat the same mistakes. I think I can grow this business beyond $25m in revenue but I am having self doubts plus i am a lil tired. Recently few pe firms and one of our competitors have reached out to buy us out. I have not even started the process coz I know if they make a very compelling offer I may become greedy(come from a middle class family and haven't seen any this kind of wealth ever) + +Another reason is, few of the folks I know have suggested that selling at revenue less than 25-30m for a very fast growing company is easier and its based on revenue multiple of 2.5 to 3 coz ebidta is not that great coz of high growth and pe firms understand that. If you grow to 50m or more buyers become less and they require way more due diligence. + +Other thought is, I raise some money to keep myself secure and get a m&a ceo which can take this ship to the next level. + +Anyways, I think I blabbered whatever came to my mind. If anyone has gone through this journey can help me that will be great. +Hi! The question is serious. I am a "trader" interested in algotrading and investing more of his time into this domain. I understand pretty good the financial markets, but my only results are from a portfolio management perspective. I know that this industry is harsh as f\*ck and the only constant is "change". (plus the concept of a minus sum game in short term discourage me). + +I am seeking some advice or opinions from people with experience if my time (6h+ per day) would be spent better in other domains or in algotrading. (I want to take this business seriously). + +So far, I met people with over 10 years of experience (both winning and losing years) that discouraged me, and people with a maximum of 2 years in this domain that have over 70% annual return (only in bull market), that encourage me. + +I seek to make money and behave around algotrading like a business. + +Thanks for your advice! +I'm a big fan of Kurzgesagt and love their animation style and the various topics they cover – most about space and the universe. But they occasionally creep into other topics they want to share ideas on, and that's what they did here. As I was watching and they were talking about how most folks work to at least 65, and the average life expectancy in the US is only 79 – it reminded me more and more why I'm working so hard for FIRE by 40-45. None of us are promised tomorrow, and I don't want the "freedom years" I do have to be riddled with old-age-related ill-health. + +Give it a watch. What do y'all think? I feel like it might be a good starter course on explaining FIRE, even though it doesn't talk about FIRE in the slightest. + +https://www.youtube.com/watch?v=JXeJANDKwDc +Here to make everyone feel better about their situation. + +I'm not rich - nor am I in the top 10 percent of income earners. I had some cash mostly left behind by my wonderful grandparents and my own money as well. Got greedy when I was up 20k in March and bought more. Learned a valuable lesson. + +When you watch your portfolio drop past 50 percent it has an affect on you. I'm at the stage where I've accepted that this was meant to happen as a learning experience but it also solidified my determination for long term savings. + +Ultimately it's a good thing because I would have spent the money on bullshit had I sold my gains before the crash. I'm now taking a 10 year view on this technology. I hope to god that I'll not need any of it in the near to mid future - that's the only thing I worry about on occasion but at the same time I've always worried about retirement and having nothing in the bank when I'm too old. + +See you guys on the other side. +Seems like ICLN is the most popular on this sub, but YTD it’s only up 4.3% which is performing far worse than PBW or QCLN who have YTD returns of 26.6% and 21.15%, respectively +Most of my money isn’t invested yet because I think prices will fall. Otherwise „time in market beats timing in market „. What is your strategy at the moment +The other 20% divided among individual large-cap tech stocks (AAPL, META), some fintech (AFRM), some digital advertising (TTD), 3% in ARKs (I know 😬) and some Global X sector ETFs. +I have checked out all my stocks on Hotcopper, I have looked at what all the twitter douchebags have said, I am sitting on ASX_Bets sorting by new and hitting refresh every 5 minutes. In the background The Big Short is playing on repeat. Wallstreet bets has no more links for me to read. + +Come Monday I will have a total of $200 to invest, this is not enough to buy even the minimum amount of a new stock but maybe I can top up some of my existing stock. + +I fantasize about going back in time to 2011 and taking out a loan to invest in Bitcoin and Tesla. + +I am still not tempted to look at Ausfinance but in an hour or so who knows what depths I will reach. + +Save me. + Insane amount of buying , all the way into the close on all kinds of deep ootm strikes + +&#x200B; + +Made for great day trades. They are now six feet under +Were all traders here. You've read all the books, taken multiple courses on the topic and still struggle with doing the easy things. How have you guys overcome this? + +Below is a list of easy yet sometimes the most difficult to perform day-in and day-out. + +1. Develop trade plan +2. Stick to trade plan +3. Set stop loss every order +4. Understanding position size +5. Risk management +I have heard all large yachts cost about 2x the price in maintenance over a long period of time. If i retired into a trawler for a decade at 50, I would need 3m for the boat maintenance etc before standard retirement funds. Anyone have experience with this? How much do yachts cost to maintain? + + +Assuming I recoup 5-700k from it a decade later, I’m tenuously assuming a yacht is gonna cost me roughly 300k a year +https://finance.yahoo.com/news/netflix-users-dont-really-care-whether-content-is-original-co-ceo-says-121745211.html + +Despite a coronavirus shutdown this year that temporarily halted most TV production, Netflix plans to release even more originals in 2021 than in 2020 — which would mark the latest achievement for a company’s whose massive investment in original content inspires both envy and ridicule. + +Last year, Netflix spent $15 billion on content, which put its investment even with ViacomCBS (VIAC) but behind Comcast (CMCSA) at $15.4 billion and Disney (DIS), which shelled out $27.8 billion — according to data compiled by Variety. The streaming giant will up its spend this year to $17.3 billion, most of which will go toward original content, said BMO Capital Markets analyst Dan Salmon in January. + +Netflix added nearly 26 million subscribers over the first six months of this year, bringing its total subscribers worldwide to about 193 million. By comparison, Disney Plus had 60.5 million subscribers worldwide as of Aug. 3 — though the platform has operated for a far shorter time, having launched last November. + +Thanks for the awards. +I finally have dental insurance for the first time in my life. I have always been a 2x a day brusher but definitely a slacker when it came to flossing. Low and behold I got quite a few cavities between my teeth that were all totally avoidable had I flossed. Thank god I have dental insurance and can finally get these taken care of. + +TLDR: BRUSH AND FLOSS EVERY DAY. IT CAN SAVE YOU THOUSANDS OF DOLLARS AND YEARS OF DISCOMFORT +Ever since GameStop dropped their 10k announcing Immutable (IMX) and their partnership with NFT Games/assets I've been trying to figure out where Loopring fits in. + +What if... GameStop really *is* shooting for the moon? + +What if... They're actually going to **re-design the entire financial system with a new peer-to-peer decentralized stock market, based on transfer agent assets on a block chain ledger.** + +We've heard about this theorized for many months... a kind of tokenized stock... but the pieces didn't really quite fit together and it seemed too bold, too brazen, too unlikely, like maybe indeed we were dreaming... But I will argue today that this is NOT a dream but rather a totally realistic and ambitious plan which is very soon going to be revealed. + +&#x200B; + +[Immutable is GameStops primary NFT Gaming solution and connection to Games\/Game Studios](https://preview.redd.it/m3vfnyff8ll81.png?width=1921&format=png&auto=webp&s=4127c15026cea03809ffb4869c9a132b5212f4fa) + +Immutable can't be the cornerstone of GameStop Technology if they're launching an Alpha Marketplace with so called L2 NFTS before the IMX integration is even ready. So who is this cornerstone partner? + +https://preview.redd.it/0wy6k4vw8ll81.png?width=1617&format=png&auto=webp&s=cfdfaae35618aab1a654f3a33b4c793b64442220 + +It's been hinted before that Loopring has developed a new L2 NFT, basically called a counter-factual NFT. The concept is it's free to mint until it's sold or transferred. Might Loopring be this partner? + +After the IMX announcement, Daniel ex-CEO and Founder, confirmed his excitement still for Loopring and what's to come. + +https://preview.redd.it/vw3u4xry8ll81.png?width=1170&format=png&auto=webp&s=49800e0cf7ba2e5bf94fe1d76c83b7b3f23294a9 + +The original premise of Loopring Technology was to enable ANYONE to create a decentralized exchange where *anything* could be traded. + +Tokenized Stock is actually not a new concept, however it's current implementation is totally convoluted and the token doesn't really represent a stock per-se, and still requires settlement in traditional finance, so it's still rife with fraud and solves no problems. + +&#x200B; + +https://preview.redd.it/hvvx2t29bll81.png?width=711&format=png&auto=webp&s=5a0ec54dc31e9a95fa9e801492ad00656aa4491c + +However imagine that a company's stock is registered at a Transfer Agent (like Computer Share) with an enhanced blockchain ledger. + +Now imagine if you had the technology to enable a stockholder to trade their stock to a buyer DIRECTLY, PEER TO PEER! + +**No** middle man- **no** broker, **no** commissions, **no** payment for order flow, **no** market maker, **no** internalizer, **no** DTCC settlement fraud, **no** FTDs, pure instant exchange of settlement. Impossible to counterfeit. + +&#x200B; + +https://preview.redd.it/oovcekzmcll81.png?width=1601&format=png&auto=webp&s=414fea778212c0e24e0117e30f79ed37d049df2e + +Loopring is a technology that enables you to build your own Decentralized Exchange. Matt Finestone is a finance guy (ex-bond trader). He didn't come to Gamestop for the gaming- he came for de-fi, for finance, for the future of the markets. + +**Economic Significance of Peer to Peer De-Fi Stock Exchange** + +Imagine you want to sell your stock for $100. + +In Traditional Finance your broker gets a commission, the exchange gets a rebate or the internalizer pays for your order. You are paying for this service. + +In De-Fi Peer to Peer you can trade your stock for $100 and get a better price. Period. No middle men. + +**Shareholders would prefer to trade peer to peer because:** + +1, Instant settlement +2, They know they are getting the best price3, They know trading peer to peer will reduce naked shorting, which reduces their stock value + +**Companies would prefer to trade peer to peer because:** + +1, They can better understand who their investors are +2, There are no risks of over voting or governance concerns +3, Their stock is safe from naked shorting and abusive manipulative practices which lowers stock value + +ComputerShare is the transfer agent for MANY companies. Once they integrate with GameStop Exchange you can buy and sell a vast array of stocks. + +**A few hurdles:** + +1, Computershare is not a broker or bank, so there would need to be some other kind of support to enable you to CASH FUND the GameStop exchange (possibly with a USD crypto token like USDC), this is why FIAT ONRAMP and FIAT OFF RAMP are important. Your transaction would settle instantly and the Transfer Agent would move the stock to your Transfer Agent Account instantly. That account ledger would likely be an enhanced blockchain based ledger. + +2, We're now dealing with securities and that will have regulations but how can regulators like SEC dislike a system where a stockholder can trade directly to another stockholder within the NBBO? This would be very hard to block as it's clearly in the interests of all investors. + +**Implications:** + +1, A Stock Exchange would be a gold standard for describing the value of Loopring technology. After a Stock Exchange you could imagine all kinds of real life practical exchanges- like real estate, music, other property. + +2, It's very unlikely GameStop would just use Loopring and make their entire protocol worth a huge valuation if they did not have a stake or did not control Loopring. This is why the retirement of Daniel Wang, CEO/Founder of Loopring, makes sense. Daniel has very likely agreed to some kind of merger or acquisition where GameStop is now taking over the development and protocol (led by Matt Finestone). As they grow the protocol it will be a win-win for Gamestop and Loopring. + +This is why we have not heard of any agreement, announcement or partnership about GameStop and Immutable even though the supposed GameStop Marketplace Alpha is launching before the IMX integration (and we have heard about *that* agreement). The thing cooking with Loopring is bigger... a lot bigger. + +**This is why DRS and Computershare are so important**... Moving your assets to the Transfer Agent level will enable an entirely new peer-to-peer market to be created. A market without manipulation, without naked short selling, without huge block trading and dark pools. We're talking a completely **simplified** market structure powered by trustless systems where you can **do no evil.** + +Do you remember this: + +[With Daniel retired and Matt taking over the development team \(speculated\) and by GameStop buying Loopring Technologies \(not this is not the token, this is the LLC\), then it isn't really a Chinese operation is it. In fact Daniel always insisted Loopring was not Chinese. I think we're in for a merger or acquisition.](https://preview.redd.it/rbxsc1ov2ml81.png?width=1024&format=png&auto=webp&s=5be3c1b22275056825c8fd2a15e6d45ad24dd228) + +&#x200B; + +[The Same Asset... GME](https://preview.redd.it/pjb1i9by2ml81.png?width=607&format=png&auto=webp&s=9496915dbe9e4fb507e8721a0d5ae9552ebc82eb) + +&#x200B; + +[\\"Naked\\"... Hmm](https://preview.redd.it/i5g3pj023ml81.png?width=1506&format=png&auto=webp&s=ef9581499b4e43557a92b326a49f37d24ef0f6b3) + +&#x200B; + +https://preview.redd.it/kyzs9dd63ml81.png?width=960&format=png&auto=webp&s=72462007dd4af677203f0c52c55ef2577dd804bc + +**Roadmap and Liquidity** + +One huge problem with any market or exchange is liquidity. Gamestops Stock Exchange would have this same challenge. In crypto we have Automated Market Makers where the community can pledge assets/stake and computer systems create markets. I expect we see a similar solution here. + +Looprings Ordering technology also allows for factors more of liquidity than traditional order book mechanisms. This is their secret proprietary secret sauce and no doubt Gamestop wants to own it or at least have a stake in it. + +What I expect is that if you are within the Transfer Agent ecosystem then you can decide to trade your assets on Traditional Finance (sell or buy) OR you can go to the GameStop marketplace with your order. The GameStop marketplace order would be instantly settled and the price would always be better because the only cost is the protocol fee to the exchange (which is LRC). + +We're about to see the birth of a peer to peer market where you have complete control over the things you own. + +Loopring also recently described their roadmap for a DAO and Insurance Fund, and Daniel has previously stated, after his retirement, he's a huge LRC holder still. It's very likely that the LRC tokenomics were ensured into any Gamestop agreement and holders of the token will share in protocol fees driven by it's use. GameStop likely could have acquired a significant portion of tokens via the company treasury owned and controlled by insiders. It's very unlikely Loopring would continue to talk about a DAO if the future roadmap of Loopring would not exist and the token would cease to be- therefore I think we're more likely seeing a kind of merger where Loopring LLC equity holders receive some GME shares, and GME receive equity in Loopring. + +**TLDR:** + +The vision is BIG and BOLD. GameStop isn't just planning to launch an NFT Marketplace. They're planning to do something much, much bigger. They're going to launch the worlds first peer to peer decentralized stock market. With assets existing on the transfer agent level (computer share) you will be able to sell peer to peer without any middle man at a better price than going to any other exchange. They're going to completely eliminate the rot and complexity of the financial system by simplifying it. + +Once they develop a GameStop Exchange of securities it isn't a far step for that very same exchange to also trade crypto assets: tokens, currencies, NFTs. It's not far fetched that GameStop enables a wallet with FIAT ON and OFF ramp. Before long GameStop is a de-centralized peer to peer non-custodian exchange for crypto AND securities- completely simplifying the entire financial markets in a universal and borderless way- all secured with real assets on a blockchain transfer agent level. WOW! You really don't need a bank, you don't need a broker, you only need your Gamestop Wallet. + +**Parting thoughts on the community....** Every week we seem to hear from another community 'hero' about how we're going to the moon because #marketmechancis and #reasons but 100% of all those theories are wrong, or just lucky, and can't be consistently relied upon. + +This whole story was always about GameStop, the company, and how they were going to transform and innovate. They are now transforming on 3 huge pivots simultaneously: ecommerce/brick and mortar, entertainment & esports and web3 technologies. Each of these new businesses can be worth tens of billions when they demonstrate growth, scale and revenue. + +I believe in GameStop, do you? +So after years of reading and mucking around and following internet strategies, trying all of the styles of trading and whatnot I finally went live today. + +I started with 250AUD, had a quick look at ctrader and I will be risking 1.72% per trade at this stage which is perfectly in line with my plan. + +I am fully prepared to lose it all, and knowing how the universe works my first live trade will probably be a loss lol. + +This subreddit has provided so much info and talking points / discussions and I probably wouldn't be doing this today if not for r/Forex. + +So cheers to you all, here's to hopefully not losing all of it straight away! + +EDIT: I should've clarified, I already have a trading plan in place, I don't need to be told what I should and shouldn't be doing. I appreciate the intention but it's misplaced. +A while back, I discovered a trading community that looked like a straight up scam, just like many. I didn’t give it much thought at first, but then I started to watch the posts made by the members of this community and I began seeing things that made no sense to me: people posting trades with 20:1, 50:1 and even 100:1 reward to risk ratios. All of them claimed to have learned from this community, and since there were a ton of them, it was getting less and less likely that they were all part of the same group of scammers. + +Curiosity got the best of me and I joined. What did I have to lose? At worse I lose a bit of money to the subscription, but at best I’ll become a millionaire in a few months! + +The course provided went over the hot stuff of the moment: liquidity zones, order blocks, manipulation and “smart money” concepts. You’ve heard this before, but I wasn’t phased by it much at all. You can actually be profitable trading these things, because they are nothing more than a rephrase of supply/demand and support and resistance - both of which can give you an edge if you know what you’re doing. + +I don’t like people who teach this stuff because it is misleading, as it makes you believe you know how institutions trade, when in reality you have no clue. But as long as you’re making people profitable, I take no issue with you. + +What I take issue with is another thing that scared the shit out of me about this community. It’s something I have never seen before and I know for certain that, once this becomes more known, more educators will start doing the same, and so many people will fall for it. They call them **case studies**. Let me explain how this works. + +You join my community. You go through the course content, you study it and you wait until you’re confident about what you’ve learned. + +Once you are confident, instead of backtesting, I will advice you to do a case study on a market that you like. A case study is a reverse backtest: **you look for a successful trade FIRST, and you find a reason for entry AFTER you see how it plays out**. + +I will ask you to curve fit this case study as much as you can: you will do so by going down to lower timeframes, looking for ideal points to place your stop loss - which is always going to be near the very top or bottom of the move you caught with the benefit of hindsight. You will 100% find a way to fool yourself that you would have placed your stop there - maybe there is an order block inside the larger order block, maybe there is structure. It’s so easy to justify anything when you know what’s going to happen. + +This will make sense to you. I will explain to you that this exercises serves to teach you how to actually trade these setups in the live market. + +Of course, you do the same with your target. The end result is a monumental trade with an insanely tight stop loss and a huge reward ratio. + +What are you going to do after you complete your first case study? Well, you are probably as hard as a rock in your pants, and chances are you are going to go to your social media and post a screenshot of the trade you just “took”. Someone will see it, not knowing it was taken with the benefit of hindsight and curve fitted to obscene levels, and will join the community. + +Rinse and repeat. Congratulations - you have just created a cult that will generate income for you and save you a ton in advertising expenses. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +https://www.marketwatch.com/story/investors-have-51-trillion-hiding-out-in-the-shares-of-five-companies-which-will-be-tested-this-week-2020-04-27 + +Apple, Amazon, Microsoft, Alphabet and Facebook are about to report earnings. Investors’ expectations are high. More important than the earnings will be what the companies say about the future. I will be carefully listening to the conference calls. It is important for investors to remember that CEOs are highly incentivized to keep their stock prices high. +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! + +All of this is bananas. This FTX scandal roof blowing off has so much to it. This post is about the token, and how it is counterfeiting and clearly criminal. + +WE HAVE BEEN ROBBED. Also, it’s ANOTHER inside job. I’ve enjoyed the ride, and all of you apes, but I’m fucking angry. There is more proof of The Wall Street Mob Organized Crime Ring collected here, and predicted here, than ever assembled on any scandal in real time. All that DD. They are pieces of the puzzle. A picture is emerging. Time to connect the pieces if we can. + +If this gets swept under the rug, maybe it’s time to question whether RC needs retail investors to get loud so he can get active. I don’t know. All I know is if I’m Chairman and someone is counterfeiting my stock, I’m going apeshit, screaming fraud. Maybe something we don’t know about is holding him back. The level of criminality is astounding. A devoted community of smart morons might need to rise up. A community beyond any one’s control. +tldr: The annual 401k contribution limit does NOT include employer matched contributions. + +The annual 401k contribution limit in 2020 is $19,500. I had always thought Employee contributions plus Employer Contributions had to be less than $19,500. This is incorrect. The $19,500 limit is just on Employee Contributions. The 401k limit for Employee contributions plus Employer contributions is $57,000 in 2020. + + Some simple math to help understand. + +Salary: $100,000 + +Employer Match: Dollar for Dollar Up to 10% + +I only opted my 401k for 10% of my paycheck because $10,000 employee + $10,000 employer > $19,500. In actuality, I could have opted in 19.5% of my paycheck. I wasted 9.5% of pre-tax dollars by thinking I had already hit my limit for the year. Hopefully some of you can learn from my mistake. +EDIT: Wow, this got *way* more attention than I expected it to. To everyone who has congratulated us, sincerely, thank you. But there's been a good bit of negativity because, and I recognize this, the home we're buying is unique and has unique costs. We wanted an older home and we knew that there would be unexpected expenses going into this, which we prepared for. This is also part of why we went with a lower down payment; so that we had more money left over for required maintenance. + +I think that [this comment](https://www.reddit.com/r/personalfinance/comments/po7d9z/buying_a_house_costs_more_than_just_a_down_payment/hcvfylq/) really got to the heart of what I wanted to express so I wanted to feature it here: + +> Looks like people are picking the story apart. They're missing the point. The cost of purchasing a house is a lot higher than just the down payment and there's a lot of unexpected things that can come up. It doesn't matter if your brother is a roofer or you have a friend who is a building inspector etc etc. There will always be things that your insurance, your hoa, or your survival require getting fixed. + +For everyone who paid 1.2k down for their VA / FHA loan and has had absolutely no maintenance issues, there's someone who put 20% down to buy a newish home and had to eat $20k in unexpected repairs within the first 3 months. Basically...buying a house *can easily* cost more than just your down payment, and you should be prepared for it to, and be pleasantly surprised when it doesn't. + +---- + + +I'm sure most of this is known to many here, but my wife and I are about to close on our first house and I thought I would write up some of the process and costs here (mostly to solidify it in my head, tbh). + +We offered 305K on an asking price of 299K on a home in a small rural village in Vermont. + +Initial deposit / earnest money - $2000 (goes towards closing) + +Upon our offer being accepted, we needed to put down a deposit to show we had "skin in the game"; basically to keep us honest. It would have been refundable if we pulled out of the sale for a "valid" reason, which included things like failure to obtain funding / homeowner's insurance, or just finding the house wasn't to our liking after getting inspectors in. This deposit ultimately went towards closing costs. + +Buyer’s Inspection - ~~$1200~~ $906 + +We bought an old house (built 1870) so there was no chance of us waiving the inspection / contingency period. We basically had two weeks to get a bunch of people in to look at the place and tell us all of the awful maintenance nightmares waiting for us in the home. Fortunately, ours was pretty good. They built them pretty solid back then. + +The home’s water comes from a private well, and we wanted to test it for contaminants before we agreed. We also suspected lead paint on the home’s exterior so we wanted to make sure if there was lead, it wasn’t leaching into the water. + +EDIT: So many people were yelling at me about the inspection I looked back and realized three things: + + - I had the initial amount wrong; I was charged $1106, not $1200. + - The inspection also included the well water test (plus an inspection of the well / wellhouse and the attached 1200 sq ft barn), I listed it here separately + - They based the inspection cost on google imagery which included a standing structure which was no longer there and charged me an extra $200 for that. When we got there and he realized they charged me for a structure which wasn't there, they refunded that. + +So the actual cost here was + +Inspection - $781 + +Well Water Test - $125 + + +Septic Inspection - $450 + +We had a dedicated septic inspector come over to take a look, because the septic is old (from the mid ‘80s) and in a weird spot, with a couple of large trees nearby. We wanted to make sure it was in working order and that it would be replaceable and that it wasn’t damaged by tree roots. + +Lead Paint Test - $400 + +We also had a painter come by to check to see if the exterior paint is lead-based. We probably could have done this ourselves but he took multiple samples and I trust his results - seemed worth it for something which could be serious. + +Total cost to this point - $4175 + +At this point, we’d spent over 2k on inspectors, and a LOT of time communicating with and coordinating their visits with the seller, plus agonizing a bit over the results of the inspections. Don’t count this out - it was several days worth of time overall where I struggled to focus on anything else. This is mostly money which would have been lost if at this point we decided to pull out. (if we weren’t able to afford / didn’t want to do the needed repairs which were brought to light by the inspections, then you could also consider this money spent as a small up front cost to keep our money later on.) + +Anyway, we decided to go ahead with it because we love the house and have the time and money to spend working on it, and it seemed worth it because we plan to live there for at least 20 years. We are both 30. + +Homeowner’s Insurance - $1400/yr (first year up front at closing) + +The next item was homeowner’s insurance. I contacted an agent and got some *really* good quotes (~$700 /yr). Then they went to go see the place and went running. The home has an attached barn and the roof is a bit rusty; they wouldn’t insure it unless + + - We could get in a contractor to give us an assessment on it; whether it needs to be replaced or just some paint + - The assessment suggested all it needed was paint + - We could get the paint done before the winter + +Right now roofing contractors in our area are SWAMPED. I called three different ones and none of them could even get to us to give us an assessment in time for closing. So, we backtracked a bit and contacted the agent currently insuring the home. She was able to help us, but the insurance costs twice as much as before ($1400) and they also stipulated that the barn roof be painted (just painted, though) and that the home’s exterior itself be painted in the first year of residence. + +Homeowner’s came down to the wire; I started just after we got our initial disclosures and it wasn’t until just before labor day that I got this hammered out. Don’t put this off. + +Barn Roof Paint - $4800 + +So, cue up the painters. I got three quotes and went with the middle one to repaint. Plus, he just seemed like a nice guy. I live in a rural area which doesn't have a lot of shysters so I’m apt to go with my gut on people. + +Exterior paint - ~$10,000 + +I haven’t gotten any official quotes yet. I’m going to get one from the guy painting the barn roof and a couple more after that, but he gave me an “estimate” and he ballparked around 10k. + +Closing costs: $13,683 + +Down Payment: $9,150 (yes yes, very low, I know.) + +Cash to Close: $22,833 + + +Closing costs include 1/yr payment of insurance premium up front, taxes, title lawyer, yadda yadda. Even with a very low down payment, we still owe more than double that up front to pay for closing, and that’s once again not including the inspections and the requirements from our homeowners. In total, our full cost to get to this point in the process is + +Total Cost - $27,008 + +Total Cost including currently known required work - $41,808 + +There's some other work in our peripherals; the kitchen sink needs replacing, the bathroom floor needs replacing as well, and some other smaller things, which we estimate will add another 5-7k of cost. I suspect that in the long run, the sky's the limit in terms of cost. ;) + +And this isn’t even including incidental things like: + + - Buying new / more furniture for a larger space (we desperately need a new bed - $1500 alone) + - Buying a lawn mower / snow blower / snow rake / chainsaw / other tools + - heating oil costs (~3-4k a year where we live) + - paying for cleaners for our old apt (~$400) + - Renting a uhaul for a couple of days (~$250) + - Increased payment due to property tax re-assessment (rather high where we live) + - And any number of things I haven’t even thought of yet. + +Anyway, the whole point of this post is that many times in the past several years I’ve thought to myself, “hm, I have enough money for a down payment on a house! I should buy one!” and had I tried before we were in a more confident financial position, it definitely would have ended in tears and anxiety. + +I hope someone finds this ramble helpful! +> https://seekingalpha.com/article/4349297-uber-announces-much-diminished-tam +> +> +> UBER’s CEO Dara Khosrowshahi once sold UBER as the next Amazon, promising that “cars are to us what books are to Amazon.” Link here. Khosrowshahi, who was Barry Diller’s top salesman for a decade, pitched the taxi-hailing app, repackaged as “rideshare”, as simply the first step on a journey to global domination. UBER would enter and dominate “food delivery, freight, autonomous vehicles, and even buses and bikes”. Later, he added flying cars. By 2023, Khosrowshahi continued, UBER could run the entire transportation network for a city! As recently as UBER's latest 10-K, filed in February, UBER characterized its Freight business as "revolutionizing" the freight industry. And now they are simply going to shut it down? None of these promises have ever happened, of course, and with this week's forced retrenchment, likely never will. +> +> Severe and unsustainable cash losses have forced UBER to ratchet back its strategic ambitions; to raise another $1.0BN of junk bonds at a steep 7.5%, and reduce on-the-books headcount by at least 25%. UBER will likely cut its "non-core" businesses, including freight, autonomous vehicles, flying cars, artificial intelligence, and job matching. These businesses, together, were the secret sauce that was to turn a simple and old-fashioned taxi-hailing app into the next big thing, rivaling Amazon in the scope and reach of its operations. These promises were what drew investors as big as Texas Pacific Group and Softbank in at valuations north of $70BN and even promised to approach $100BN - for a business that, in the here and now, is only able to generate revenues of $14BN, with growth slowing sharply, while margins remain massively negative, and billions of cash losses pile up - and that best case was pre-COVID! +> +> Now, UBER faces a sharply diminished TAM, or total addressable market, as it gives up its ambitions to expand beyond taxi-hailing and food delivery, and major American and international corporations in various industries, including technology, media, real estate, airlines, hotels, and entertainment destinations all prepare us for a world of sharply diminished transportation needs. Where workers will shift to permanently working from home; where international travel will be diminished for years; where even domestic destination travel will face diminished capacity and utilization. +> +> None of this has yet sunk into the minds of equity market investors. +> +> THESIS +> +> Diminution of Total Addressable Market. Uber is likely abandoning its ambitions to be a leader and create a revenue generating business in nearly every area besides its core taxi-hail and food delivery business. These early-non-core businesses, while inchoate and pre-revenue, gave investors hope that UBER was not just an old-fashioned transportation company making use of the latest technology - smartphone apps - but an actual technology company, with the same opportunity for horizontal expansion as Amazon. This hope was among the reasons why a negative cash burn of several billion dollars for a seemingly mundane business could turn into a $59 BN valuation. That hope is gone. +> +> For its remaining core business, taxi-hail, the world has changed: +> +> Negative Secular Changes to UBER’s Core Business +> +> First, we start with the massive secular change we are witnessing in the American workplace. Then, we move on to the lengthy and even semi-permanent changes to restaurants and travel. +> +> We are witnessing a generational acceleration in work-from-home, in which commuting to and from work is facing the biggest and fastest change in its history. Companies such as Google, Square, and Twitter are preparing for a future in which employees may work remotely – forever. Others such as Facebook, JP Morgan, Citibank, American Express and Microsoft have taken steps in this direction. Employees who commuted to these workplace jobs were often customers of UBER. Many of these customers and their "rideshare" business won’t come back. Here is a sampling of recent headlines that will negatively impact UBER - for at least several quarters in some cases, permanently in others: +> +> First, Twitter. This one is permanent: +> +> +> +> Next, we have Square, also offering permanence: +> +> +> +> Now, we turn to Facebook, who for now, is only planning until the end of the year: +> +> +> +> Now we will shift to the banks, which are not only continuing work from home, but also seeking semi-permanent shifts away from urban centers, another hit to UBER's business: +> +> +> +> Citi is but one example; the list goes on and on, and is only growing by the day. +> +> Next, we have buy in to work from home from the media, who indicate that working from home is the right thing to do: +> +> +> +> And the NY Times weighs in on the nascent trend: +> +> +> +> +> +> +> +> We also have consultancies now adding their voices to the chorus of work from home: +> +> Surveys also indicate there is a new and growing movement for work-from-home accommodations. Global Workplace Analytics, a leading authority on integrated work at home strategies, recently published a report in which they forecast that as much as 25-30% of the workforce will be working from home by the end of 2021. See the full report here: +> +> Work-at-Home After Covid-19-Our Forecast - Global Workplace Analytics +> +> These are the thought leaders. We are witnessing a tsunami of potentially permanently lost taxi-hail business for these former commuters. While some of the headlines may say only through 2020, these arrangements are likely to be made permanent in many cases. +> +> And now, the rest of the ride-share customer universe: the restaurant, travel and leisure industry have been decimated, with full year 2020 volumes estimated to be down anywhere from nearly 20% (fast food) to 40% (hotels) to more than 50% (airlines and certain destination-based entertainment.) +> +> Obviously, none of these industries by themselves comprise UBER's exact customer base, but taken collectively, they are representative of what has happened to the total addressable market: it is severely impaired. +> +> Selected Peer Group Performance 2020 +> +> Throughout the latest strategy retreat, 25% work force reduction, revenue collapse, junk debt capital raise, and multi-billion dollar cash burn, one thing stands out: UBER’s high flying stock, which has surged this week along with the NASDAQ market to a new high for the year of $59 billion, now up 16% on the year. Stated another way, stock buyers have treated COVID-19 and its catastrophic impact on UBER’s revenues and margins as a net positive catalyst. This stands in stark contrast to the many other companies operating in and round UBER’s universe, including hotels, airlines, lodging, office space, and even other “unicorns". +> +> We highlight the 2020 changes in valuation of numerous companies that derive revenues from similar underlying strategic drivers as UBER: commuting to work, commuting to airports, commuting to leisure activities, commuting to restaurants and bars, and commuting to vacation. We lay out the year to date equity returns, followed by consensus changes to 2020 forecast revenues. Every data point indicates UBER’s valuation change is completely inconsistent with its related peer group. +> +> First, we frame UBER’s equity valuation change year to date, along with the consensus expectation for 2020 Revenues, and list how they have changed, showing the January 1, 2020 consensus estimate, followed by the current 2020 consensus estimate. +> +> As you can see, UBER is up 16% year to date, while its 2020E Revenue expectations have been reduced by 29%. +> +> +> +> Then, we turn to the various comparably impacted industries, as described above. We start with Airlines, as airports are a primary source and destination of UBER customers, and note the average hit to airline valuation has been 66%, while the average expected hit to revenues in 2020 has been 56%. +> +> +> +> Next, we look at Hotels, a common destination and origin for UBER customers, where you can see the average hotel has taken a 39% valuation hit, while the expected revenue decline is 40%. +> +> +> +> Office REITS, which we also use as a proxy of demand for commuting to work, have seen an average 42% decline in valuation, with only a 5% hit to revenues. Here, the financial forecasts are out of sync with the change in valuation. Even the out years look similar. Expect the numbers to come down, significantly. +> +> +> +> Restaurants are a large and fractured group, and we chose McDonalds as simply a directional indicator: +> +> +> +> And finally, the still-private “unicorns”, who bear much structural similarity to UBER, particularly AirBnB which also was forced to fire 25% of its work force, and to reduce its strategic scope to “core” operations while giving up on growth opportunities. Here, you will see that AirBnB recently took a 52.6% hit to its private market valuation since 2019, and WeWork took a 60% hit to its December 2019 valuation (which was itself an 84% hit to its January 2019 valuation). AirBnB’s CEO also wrote a letter that sounds nearly identical to UBER’s CEO “I’m-sorry-but-you’re-fired, our business is collapsing” letter. +> +> +> +> The overall context should be clear: UBER's entire ecosystem has experienced a volume and valuation collapse compared to UBER's year to date double digit stock price growth. This stock price growth is inconsistent with the underlying data. +> +> We specifically concede that none of these companies are perfect comparables, but all derive revenues from a similar ecosystem: the home-work-travel-leisure nexus, and their customers must be transported somehow to their offices, their hotels, their airports, and their leisure AirBnB vacations. Together, they paint a picture: UBER’s equity price has largely ignored the reality of a collapsed ecosystem, and is the only related equity that not only has not collapsed, but is actually UP double digits on the year. +> +> Will UBER’s business come back? Absolutely, some of it will come back. The travel/airline/hotel transport nexus actually has the highest probability of coming back, but the longest lead time. These won’t see even a near-full recovery for several years, in line with forecasts for hotel and airlines revenue. The most at risk revenue is actually related to work commuting: many employers are in the process of shifting to permanent work-from-home arrangements. UBER will never recover this revenue. Much of the work commute revenue IS NEVER COMING BACK. Thus, UBER's TAM has shrunk. +> +> UBER's Core, or The Remaining Businesses +> +> What do the taxi-hail, or Rides, and Eats businesses really look like on a stand-alone basis? What are they worth? +> +> UBER shows a separate revenue and "adjusted" EBITDA figure for each of its remaining core businesses. +> +> Here is a snapshot of historical revenue breakdown: +> +> As you can see, the Rides business represents 72% of total revenues, and its growth has flat-lined near zero. Now, this included 2 weeks post-COVID shutdown, so we can assume it may have been able to reach a positive low single digit growth number. Eats grew at a low double digit number, and represents around 19% of total revenue. +> +> EBITDA is not as straightforward, as many adjustments and exclusions are made. What we know with certainty is that the consolidated business produced negative $2.468 billion of EBITDA for the last 12 months. As for segments, UBER shows a positive $2.460 billion of Rides EBITDA, but that excludes more than $4.0 billion of stock-based compensation, and it also excludes more than $2.5 billion of un-allocated corporate overhead. See worksheet below: +> +> +> +> The exclusions are of such a magnitude as to render the supposed $2.46 billion of EBITDA to be nearly meaningless. Could they have generated this without paying out $4.0 billion in stock compensation? Did the $2.5 billion spent on general and administrative, and R&D have any impact on the Rides business? Of course it did. These numbers can no more be excluded than any business can disown its business expenses! +> +> So we have a 11-year old business whose top line growth has settled in around a low single digit number that currently loses $2.5 billion a year in consolidated EBITDA. Should they cut $1.0 billion of costs, that is helpful, but the enterprise would still be losing more than $1.0 billion on an adjusted-EBITDA basis. The Eats business loses money and remains hyper-competitive. It is likely to continue to lose money for the foreseeable future. +> +> So where could UBER's EBITDA number go? This is difficult to say. UBER is hoping to break even on an adjusted-EBITDA basis sometime next year. While I am doubtful that will happen, even it it did, we would have a low growth business in a highly competitive market that at some point in the future could grow that break-even EBITDA into a billion or a few billion of EBITDA. What is that worth? We can look at a range, but unless growth suddenly shoots back into the 20% range or higher, its hard to see a slow growing EBITDA in such a simple business with no barriers to entry commanding a double digit EBITDA valuation multiple. Let's call the midpoint 10x. So 10x 2022E or 2023E EBITDA of $1.0 or $2.0 billion is $10 - $20 billion of enterprise value. And remember, that while UBER can shut down much of its non-core growth/upside assets, it can not simply get rid of its $9BN debt pile, including the recently raised $1.0 billion of junk debt that pays a steep 7.5% coupon. +> +> If we generously ignore the Eats losses, assume net debt in 2 years will be maybe $4 - $6 billion, and the share count remains the same (which is overly conservative), then we are left with the following valuation, which indicates an equity value that ranges from $2 to $11: +> +> $ billions +> Valuation 2022E 2023E +> Adjusted Company EBITDA $1.0 $2.0 +> Multiple Enterprise Value +> 8.0x $8.0 $16.0 +> 9.0x $9.0 $18.0 +> 10.0x $10.0 $20.0 +> 11.0x $11.0 $22.0 +> 12.0x $12.0 $24.0 +> Less: +> Net Debt ($4.0) ($4.0) +> Equity Value +> 8.0x $4.0 $12.0 +> 9.0x $5.0 $14.0 +> 10.0x $6.0 $16.0 +> 11.0x $7.0 $18.0 +> 12.0x $8.0 $20.0 +> Shares Outstanding (billions) 1.734 +> Equity Value per Share +> 8.0x $2.31 $6.92 +> 9.0x $2.88 $8.07 +> 10.0x $3.46 $9.23 +> 11.0x $4.04 $10.38 +> 12.0x $4.61 $11.53 +> (Note, these multiples are very high for a time period that is at least 2 years into the future.) +> +> Conclusion +> +> The market is wrongly ascribing a $59 billion equity valuation for a Company that is collapsing its workforce, reigning in its growth ambitions, and signaling much diminished growth in the future, while it bleeds down cash to the tune of more than $5BN a year. It is faced with a nearly insurmountable $9 Billion junk debt pile. +> +> With this week's announcements of strategy retrenchment and narrowing of its business opportunity, UBER is potentially worth $2.31 to $11.63 per share, compared to its current $34.48 price. +> +> Disclosure: I am/we are short UBER. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. +> +I posited [this question](https://www.reddit.com/r/financialindependence/comments/37or0y/are_any_of_you_planning_on_working_no_stress_fun/) on this subreddit 5+ years ago, and seeing that it's grown in activity, I'm curious to hear some novel responses. + +After a strenuous career working your way towards financial independence, do any of you have or plan to have a *fun, no stress* job after you achieve FI, to remain productive in a familiar sense or socialize with people? + +During high school, I worked at a movie theater along with 2 (regularly retired) older gentlemen who lived comfortably, but worked at the movie theater a few days a week to talk to people, see free movies, and generally keep themselves entertained and sane. + +Are any of you planning on doing the same? + +**Edit:** A day later, it's been great to read over you guys' aspirations. Wherever you are in the FIRE process best of luck: enjoy working at a pizza parlor, teaching little league, or reading a good book in your hammock with a cold mimosa. +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! + +Can someone explain how this fund has been performing so nicely ( returns of around 9%) last year inspite of putting 80-90% in debt/bonds ? I understand that 10-20% is in equities and REITs but still finding it difficult to understand how it can give such returns while being majorly in debt and money markets. +My employer is offering an RRSP matching plan up to $6k, it seems like free money. Are there any cons of contribution for the sake of RRSP matching? Thanks! +I'm newly enlisted in the military and I was just approved for a 20k auto loan with a 7.74 interest rate (which seems kind of high to me). It's my first time ever financing anything, I always paid with cash before. My credit is OK but I'm trying to get it into the high 700s before buying a house. I currently live in a barracks so my expenses are low. I plan on serving 8 years. I was hoping that by financing I would be able to bring my score higher. Is this a good idea or should I just stick to no car note? + +EDIT: This is my first time financing anything and I never got taught money management in school so please don't yell at me for sounding financially illiterate, I'm learning as I go. + +EDIT 2: Thanks for all the advice. I found a car more in my price range that's only $134/mo, which I think is way more manageable. +#Hedgies' Thesis + +I bet that they thought if they dropped the price from $250 in Nov 2021 down to $77 in March 2022 that we'd sell. Hell no, we bought the dip. Big time. + +I bet that they thought if they let the price go to $180 in April 2022 at the quadruple top resistance that we would trade the top and sell. Hell no, we bot the top, and then bought it all the way down to $80 again (I know I did). + +You guys may think every ape here may just be different from your average trader, that we are fomo'ing hard and have diamond hands. And that's absolutely true. But let me tell you why that is. + +#Apes are like DayWalkers. Blood of Half Investors - Half Fomoers. All their Strengths, none of their weaknesses. + +Our buys are backed by hundreds of fantastic DD. Great theses, great evidence. We also love the first dip. The second dip, the third dip, and all the way down to the infinity-ith dip. But look at what happens to, say, crypto investors. Look at their subs, and look at their price. They have a breaking point. Everyone has a breaking point. Why is it that apes don't have a breaking point? Let me tell you. + +**It's DRS and Computershare.** First, Computershare validates all of our theses each quarter, that apes never sell. That's like the anchor for everyone's red portfolio on the red days. But I think second, and most importantly, **that it's because it's so darn slow to sell and rebuy DRS'd shares. And that's a great thing.** + +I know there are apes here who thought about trading the tips. You thought, what if it goes back down and I could make a small bit? You thought about it, but you couldn't bring yourself to do it. That's because somewhere in the back of your mind, you knew it was extremely risky. If you sold on Computershare, although the sale is immediate, it would take somewhere around 2-5 days to get the money from CS to your bank account (or even longer if you're opting for a snail-mail check). And then if you wanted to rebuy, you'd have to get that money back into a broker. Which would take another 2-5 business days. And then you'd have to DRS again, which would take ANOTHER 2-5 business days. + +**To make 1 single full trade cycle, out to cash, back into GME, it could take you an entire month. That is why we never sell DRS'd shares. Which brings me to my next big point.** + +#The Infinity Pool is Real + +If we take the understanding of the previous points of why we never sold DRS'd shares pre-MOASS, then it would absolutely also apply also to *during MOASS*. + +When the price climbs to $500, you could think about selling some and trading. But you won't. Because although it could drop to $100 the next day, it could also rocket back up to $1000. This could all happen within the blink of an eye. And then it could hit $5000 and beyond. **You would NEVER be able to "rebuy cheap" during a real squeeze. Never. Because it would take 1 month to go from GME->cash->GME, and you'd be done as soon as you hit that sell button.** + +I think there's a really good chance that, even the greediest, most selfish-of-apes, will never sell all, or even most of their shares. Because nobody truly knows what the floor or ceiling is. It hits $50k, would you sell most of your shares then? Hell no, because if it goes up to $xxx,xxx, then you are a paper-handed clown ape, and you could never forgive yourself. If it goes to $500,000, would you sell most of your shares then? Absolutely not, because even if you are holding 10 shares and would have $5mm to your name, what if it goes up to $x,xxx,xxx per share? You could've waited just a little longer, and instead of having to sell most shares, you could sell 1 and still be exponentially wealthier. And what if it goes to $xx,xxx,xxx? Omg, if you sold 7 shares by then, and only have 3 left, would you sell the rest then? What if it goes up to $xxx,xxx,xxx? You'd look like a peasant. Even if you decided to liquidate most at 9 digits, $100,000,000 is still much lower than $741,000,000 by comparison. + +The greedier you are, the less likely you are to ever let go any shares. Because during MOASS, if it goes to $900, it is extremely likely to squeeze to $5000, and if it gets there, it's extremely likely to squeeze to 5 digits, and so on. Apes will probably never sell a majority of their shares, because of how unprecedented this situation is. + +This situation is forging diamond hands at level we have never seen. And I don't believe there is anything the hedgies can do to change the course. The interns should read this post, and report to their captains that victory for the apes is inevitable. + +It's so hilarious that they are trying to drag it out and create uncertainty and fear, **because actually that uncertainty of when MOASS will happen, and how high it can go, and the inability to rebuy, has formed the Infinity Pool.** + +Cheers, my diamond-handed apes 🥂. May we have a great and wonderful trip to Uranus and beyond 🚀. +Yo Yo Yo waddup Apes!, Boner here...again, Coming at you with yet another OBV update post. Lets dive right into it shall we?🚀 + +&#x200B; + +[HODL THE LINE](https://preview.redd.it/we26nphx9h671.jpg?width=828&format=pjpg&auto=webp&s=d562f5b6c646597d7a94a0174ac13a610a273da1) + +So after many many requests I have made the post everyones been asking to see... + +Here is an overlay of the OBV and the GME chart! + +Let's take a gander at it and talk about what we're seeing! + +&#x200B; + +[180 day chart for GME\/ 180 day OBV overlay](https://preview.redd.it/yutnkl2bah671.jpg?width=828&format=pjpg&auto=webp&s=25ef9bebbc2952ea3f2321a3ec1f3b7124cbc623) + +What you have laid your eyes on is the 180 day chart for GME, The purple line you're looking at is the 180 day OBV (On balance volume) line. Now as you can see here the price of GME has fluctuated up and down drastically... or has it? Well from what the OBV tells me is that the price in theory should not have gone down at all.... according to the OBV the price has only gone up because of positive buying volume and or stayed stagnant sideways due to Diamond Hands. This tells us no one is selling and the Apes are HODLing their shares with there rock solid diamond hands. The hedge funds are manipulating the price to break lower on our chart; (more on this later). On the hedge funds charts the price of GME could be exponentially higher than what we see. Obviously this is speculation but something fishy is going on here.... + +&#x200B; + +"How could hedge funds keep the price of GME down if there is mostly positive buying volume?" + +&#x200B; + +[Vlad the stock impaler](https://preview.redd.it/52ig8y1nbh671.jpg?width=828&format=pjpg&auto=webp&s=700db55a05898ee4e8d69ca1f0d253481e7d0a3d) + +As I have said in my previous post... + +Thats because there is actually buying pressure outweighing the selling pressure or coming damn near close to being even!  + +\-There are many great DDs out there explaining how hedgies use ETFs to short gamestop. In my opinion I believe the OBV is indicating that YOU, the Diamond Handed apes are HODLING your shares and buying more that the OBV is staying up do to holding and buying pressure, and it proves that the price is indeed WRONG!  + +Hedgies are shorting gamestop through ETFs/ Dark Pools to artificially deflate the price, this keeps the price of GME down temporarily until they stop, once they stop shorting ETFs, GME begins uptrending because of buying pressure. Therebare no more shares available to short in Gamestop so they resort to shorting ETFs like Xrt which is a big one. this does not effect the volume on GME because the hedgies are shorting ETFs, not GME directly, therefore the price of GME deflates but the OBV is showing otherwise. This is only a temporary fix for the hedgies. They are FUK either way. + +This leads me to believe the price is 100% WRONG! Hedgies are trying to get Apes to paper hand and sell. And Apes are proving that it takes nothing to HOLD, and costs them everything to kick the can down the road. + +If you would like to learn more about the OBV and how it works please feel free to visit my original post + +[https://www.reddit.com/r/Superstonk/comments/o0fxnk/obv\_does\_not\_lie\_gme\_at\_217\_obv\_still\_rising\_the/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/o0fxnk/obv_does_not_lie_gme_at_217_obv_still_rising_the/?utm_source=share&utm_medium=web2x&context=3) + +I hope this helps any questions you may have! + +Thank you all for taking the time to read and hope it helped! + +&#x200B; + +[Remember DIAMOND F\*CKING HANDS](https://preview.redd.it/56bcsq9tch671.jpg?width=828&format=pjpg&auto=webp&s=1d990b8238e9f29d3416ed57b121de54281d8205) + +📈As for me, I like the stock📈 + +🐻Hedies R Fuk🐻 + +🚀🦍See you on the moon Apes 🦍 🚀 + +\-Boner out✌️ + +(If i missed something or if anyone has info to add please leave it in the comments or DM me and i can add it)   + +❌Obligatory: \*not financial advice\*❌ +My (24 F) husband (25 M) and I are totally debt free! We just paid off our last loan, and it feels AMAZING! We went from having around $35K in debt when we first got together (between car, student, and personal loans) to being completely debt free in under three years. + +I am extremely grateful to be in a position where we could do so, and now I feel like we can move on to focusing on other goals, like saving for retirement since we have a good rainy day fund already. + +When I first moved out on my own at 18, I thought I would live in debt forever. I can’t believe I am where I am now. There is always a way out! +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 🙌🏽 +We all wish we had more ETH. Whether you have 1 or 1000...just a few more would be nice. Just remember...you have more ETH than almost anyone on the planet. It's early. You're in. And you'll get more over the next month and years. Best fortune to all. Stay kind and focused and enjoy the ride. +I reached out to John Petrofsky, Director and Assistant General Counsel @ DTCC and he sent me this message: + +*"Thank you for your inquiry.* + +*There was a* ***technical formatting issue*** *with the filing.  It will be refiled shortly and then reposted.*  ***In substance it will remain the same.****"* + +This is good news!! assuming they didn't change anything without our knowledge. Its probably best that we compare each version of the document to make sure. Shoutout to u/cisconate for archiving a copy of the old DTC-2021-005 [here.](https://pastebin.com/adT3ZUZ0) + +**EDIT: Shameless plug. In lieu of awards please consider donating to the SOLACE FOR STEPHANIE FOUNDATION, helping families dealing with the nightmare that is cancer. Every penny helps!** [**https://www.solaceforstephanie.org/make-a-donation/**](https://www.solaceforstephanie.org/make-a-donation/)(mods if this breaks the rules I'll remove it but I'm just trying to help a cause I love) + +EDIT 2: I removed the email for legal purposes. Mods, feel free to contact me if you want verification + +EDIT 3: I sent a follow-up email 4/13 @ 9pm asking when should we expect to see 005 refiled. He replied 4/14 at 930am EST: + +"It will likely be refiled within a week or two." + +Again, these emails can be verified through mods if they reach out. Screenshots of emails will not be posted for legal purposes +Whenever we see an event that takes a small toll on the entire marketing always remind my friends not to put all their cash right into the market. If you bought the first 5% down in March 2020 (as many did) you still had a long way down before it came back up. Smart investors know what they’re going to do *before* an event takes place. How much you add in and at what stages if up to your risk tolerance, goals, specific securities or funds you’re watching etc… I personally made a few small purchases today, but if the markets did the same thing every day for 2 weeks I’d still have residual cash to add in. +Hi, please forgive my ignorance on the topic. I just accepted a new job and it is my first career that offers a 401k with company match. + +It is written “XYZ Company matches your contributions with $.50 for every $1 you contribute, up to 8%. You are 100% vested in your company match after three years of service.” + +Can someone please eli5? What does this mean, and should I invest more than 8%? I really don’t have any idea what a 401k is besides that it’s a retirement account. + +Thank you in advance for answering my very childish question…hah! +So to be very frank with you all, ever since I've started trading 6 years ago (when I was 24), I've managed to accumulate losses of $100K. I used to be a swing trader, trading mostly biotech. I turned 50K into $150K and then pretty much lost it all on a company which went bust. + +Then a few years, I decided to start with options trading. Initially having a few lucky hits, with options I lost another 50K. + +In 2020 I decided to give it another try. I definitely learned more about technical analysis, managing risk, quick scalps, cashing profits to the bank ASAP, etc. I did a $10K options account challenge and within 4 months I made $100K on scalps with monthly/weekly options. I then got a bit greedy recently and kept $50K in my account, and blew that $50K on some stupid weeklies. I'm still left with $50K profit for the year from the initial $10K deposit, but yeah recently I decided just to cool down a bit + +My problem though is controlling the more with the emotional aspect. Should I stick back to the $10K strategy? Or just take a break from trading in general? +I talk to people and try to show them reasons to dump money into it and they just shrug it off and say " there is no possible way" or " it already happened in Jan" . Its insane to me that people are just blind to this. i tell them i sold my truck to buy more GME because i believe in Gamestop and the Moass and i get the most retarded look. Whatever. Yolo 💎🤲🏽 +Have a great weekend apes +Edit: i bought a 2003 toyota echo for 500$ to get me to work lol +This will be my 5th home (I currently own in 3 states and am in escrow on a home in a 4th). + +Looking to pay all cash. Columbus, OH keeps coming up. Thoughts on neighborhoods or suburbs to target? +As stated in the title, I’m a 19 year old male, wanting to trade on forex full time. I’m aware that trading on forex is very difficult and takes lots of skill, knowledge, patience, etc. I by no means see this as a get rich quick scheme. Trading on forex interests me as I in a sense can be my own boss instead of working the traditional 9-5 for someone else. I create this post asking for any tips and advice on how to get where I want to be with trading on forex. I’ve started the free course on babypips and look to complete that before moving onto a demo account. And once I feel comfortable with the demo account, I may slowly ease my way into trading. Any tips/advice. + +Thank guys +I wanted to create this post, just to prevent abuse and to clarify a few things. Mostly the essentials for your safety, feel free to ask about other topics in the comments. + +1) NEVER EVER share the 12-word recovery phrase you received at the creation of your wallet. In all honesty, you should probably not keep a digital copy around, but find (or buy) some piece of metal and keep your 12-word recovery phrase (also called a "seed phrase") on there. You ONLY ever want to use those 12 words if you are 100% sure that you want to restore the wallet on a new device. When in doubt, NEVER even type out these words, don't copy/paste them, just keep them non-digital. + + +2) On the flip side, if you want someone to send you anything (coins, tokens, NFT's), you should give them you wallet address. If you look at your GameStop Wallet it should have a number at the top that starts with 0x... and then a little button you can use to copy it. That is your public wallet address, it almost functions like a username. + + +3) Understand that the Ethereum blockchain, and by extension the Loopring L2 is NOT anonymous, but pseudononymous. What does this mean in practice? As long as nobody knows who owns the wallet with your 0x.. address, you can't be linked to your transactions/funds. However, as soon as you (for example) post your wallet address to reddit, EVERYBODY can at that point link your username to your 0x.. wallet address. Add to that the infinite searchability of the blockchain, meaning that every transaction ever is permanently stored and can be recalled as long as the blockchain exists. This means that, if for whatever reason you can be linked to your 0x... address, everyone can at that point instantly find out all of the transactions you ever performed, AND get a very clear understanding of the collection of coins/tokens/NFT's you hold. Even posting a secondary 0x address and transferring between this address and your primary 0x address doesn't help, as the blockchain would clearly show that these two wallets are owned by the same person (due to the number of transactions between them). + + +4) Your coins/tokens/NFT's don't line 'inside' your wallet, they live 'on the blockchain'. Think of your wallet as a way to 'access' them, or as a way to interact with the coins/tokens/NFT's stored on the blockchain for this specific wallet address (another reason why tip 1 is so important). This implies that you should be fairly careful about connecting your Gamestop wallet to any service. What do I mean? When you visit specific websites, you can allow these websites to 'interact' with your wallet app in order to be able to use the DAPP (Decentralized-App) with your wallet. I suspect the Gamestop marketplace will function in that way, but since you are on the ethereum blockchain, your can technically interact with every ethereum dapp. If this is all too much, remember this: whenever any website asks to 'connect' to your wallet (mostly because your wallet app shows a pop-up you can confirm), think really hard if you actually want this. + + +5) This one will be the scariest, but is maybe one of the most important ones. Expect that the device you have the wallet on WILL be under some kind of digital attack eventually. There are loads of malware floating around, tracking devices that interact with crypto related services/websites. What you should watch out for: +- Never click ANY link you don't 100% trust using the device that has your wallet, it's easy to obtain relative control of your device in this way. +- Always doublecheck if you copy-paste 0x addresses if the pasted address is correct. Malware that detects and changes 0x addresses when pasting them is sadly very common, and if you're not extremely careful, you will encounter it eventually. +- Consider using a hardware wallet to setup your Gamestop wallet. Yes, this would involve you setting up a new wallet with the hardware device (e.g., a trezor or a ledger), but after that anyone wanting to interact with your wallet NEEDS access to your hardware device (as long as you don't restore the wallet to a software wallet using the 12 word recovery phrase, see tip 1). + +I hope that these basic safety tips can prevent some people newer to this crypto world from being scammed or losing funds. Keep these in mind, and you'll be absolutely fine! Final tip, DRS your shares!!! +Yesterday, the Wormhole bridge one of Solana's biggest bridges lost $320m in a hack. Within hours, a trading desk Jump Capital agreed to replenish the entire amount so that the liquidations calamity is avoided. The loss of the peg due to the hack could have sent the network into cascading liquidations arising out of leveraged positions. In stepped a VC to save the day. + +[Lost $320m? Thats fine.. we got you covered. ](https://preview.redd.it/adhsxhuefqf81.jpg?width=1172&format=pjpg&auto=webp&s=7ed759f03c763a7cfd07d8bb35a03cff7aa3921d) + +The fact that VCs are ready to cover these kind of losses shows that the entire Solana "ecosystem" is just one big sham propped up by these same VCs. They dont want their baby to die just yet. Apparently Jump Capital owns a significant stake in Wormhole and is ready to sink such a huge amount to cover losses. + +In Solana, the top 1.34% of addresses owns 99% of the circulating supply. Most of the supply was sold to early VCs and insiders at a massive discount to retail. Insiders and bad actors like Chamath have publicly joked about using Solana as a vehicle to play their pumps and dumps out, leaving retail to hold the bags when the sham unfolds. + +VCs dont just sink in $300m to save the day, unless they have already taken out 50x that amount - that is what Solana has enabled them to do already. + +So a buncha SOL Shills be like hurr durr even ehtirium had hacks and was saved by fork. Well the DAO hack was solved by cryptography solutions (forking), not by VCs stepping into save the day. If you think both are the same, you clearly understand NOTHING about crypto whatsoever. The DAO hack and the hard fork took over a month to assess, propose solutions and resolve. It wasnt an overnight fix, like what solana is known for. + + +When Solana goes down - over night fix. + +When bridge hacked? - overnight fix. + +How long will Solana depend on overnight fixes to bail the network out? + +Edit: The mental gymnastics of SOlshills is just incredible. They have clearly consumed all the kool aid in the world to be supportive of this kind of institution manipulation. Yes, other projects also have VCs, and Eth projects have also been hacked. Yet none of the ETH projects have been bailed out in this manner by VCs and institutions. I have been extremely critical of ETH too. There is virtually a hack a day on Eth due to poor code or implementation or bugs, but none of the ETH project hacks have been "replenished" by institutions. If an ETH projects gets hacked and people lose money, well you are shit out of luck. As evidenced by hundreds of hacks and scams before. + +The first major Solana hack, and less than 24 hours later the institutions propping up solana claim they are bailing everyone out. If this is not the least bit suspicious to you, then you are just being slow boiled alive. + +Solana itself is a long term pump and dump that is devoid of any decentralisation and fundamentals except a bunch of whales propping it up. The tokenomics of every single Solana "ecosystem" project is puke worthy - from Serum to Raydium, Bonfida, Saber etc all have massive supply in the hands of a few, an incredibly high FDV and a low float and funny unlock mechanisms - perfect conditions for institutions to keep dumping on hapless retail investors like the ones supporting Solana in the comments here who dont understand anything about crypto or finance. +Honestly, £20k per year, control over where you invest and you can take the money out when you need and it's tax free. This is such a good deal isn't it? Where's the catch? +I'll start by giving some background on my current job. I have a unique job in a small company of about 150 people. I live two states away from the main office and basically work remotely. I get to make my own schedule for the most part and can take off days whenever I want as long as I can finish the work before the month is over. However, for the majority of the month, I travel to various client sites and I'd say my average mileage each month is about 1,500 miles. I am one of two employees in my entire state so I'm basically isolated and alone all month. I had moved from the main office a year ago where I had friends and more office/ less field work which was amazing. Some of these sites are really unsafe and I've been witness to many bad incidents that have left me pretty traumatized. So I've been doing this job for almost 3 years and I'm just feeling done. There's no real way to move up in the company and get out of the trenches without moving back to the main office, which I don't want to move from my current state. I had planned on quitting without any back up job in November as well, though im not sure if I would have followed through. I've always had a job, starting at age 16. + +So I started looking for work and 5 months later I get a job interview, a month later (this past Monday), I recieved an email seeing if im still interested in the position. I say "yes". The new job is a lateral move though. They barely wanted to match my salary I'm making now ($23/hr) which is just above entry level for a college graduate wth my degree. I would get one extra week of paid vacation but I would be doing 9-5 and driving about 45min-1hr commute one way. There wouldn't be flexibility and I would be in a small kiosk but, I would have coworkers to talk to and people to do things with. I don't think there's much growth though within this job as there's only 30 people in the company. Im not entirely thrilled about it either. I don't know why but I just don't seem to have excitement for the new job. I tried to request a month to give to my old employer but the new one needs me now. + +Problem: + +I gave my two weeks notice yesterday and my current company panicked. Most of the time, people give at least a months notice due to the nature of the job and training so im kind of cutting them short. The VP of the company called me and wanted to know why I was so unhappy, I told him, he asked why I didn't tell him i was looking? I've always been told never shoot yourself in the foot before you know you have a job lined up. He asked about the new job and i told him about it, that its linear, that im not all that thrilled, I just can't do this job anymore. + +So he countered by saying, if I stay and give them more time, he will help me find a new job that's probably going to be a step up instead of linear. He said he would help review my resume, write me a letter of recommendation, and use his contacts to find me a good job. If I stay longer. + +I know he's true to his word on this because I've personally seen two of our employees be hired out to our clients through the VP so i know he's not just talking smoke here. + +But now im conflicted. Do I stay and do a job that I hate for just a little bit longer (amount if time unknown) if it means I have a chance at getting a real better job? Or do I go to the new company, burn the old bridge, and see what happens? + +Im in a dual income marriage with only a cat, so if this blows up in my face one way or another, we would be fine for over 10 months. My partner is supportive of whatever I decide as well. I've talked to my parents and they both agree this is a hard decision. + +Im leaning more towards staying though, because I know this company, I know the VP well, I think he can really help me. I just don't want to do this work anymore which I'd have to. Neither of these jobs are my dream job. + +So good people at PF, what should I do? + +Thank you for reading. + +Edit: Hi everyone! Thank you for all your comments! It seems to be a consensus to stay and see if my VP can help me. Im at work now so my responses are slow. Im continuing to read through the comments and I'll respond where I can. Thank you all for your encouragement and insight. I'll be trying to get a written confirmation from him and tell the new company about my counter offer. You're all the best. Thank you! + +Edit: linear-> lateral +Since I’ve seen so much arm chairing about the PR to move EIP-999 to Accepted status made by u/5chdn and so much false information about what happened, I feel like this breakdown is necessary. + +First, Afri was at the Ethereum Magicians governance meetup in Berlin and was told, confusingly that if the Core Devs didn’t reject/object to the EIP in the ETH Core Devs meeting after it was discussed, he can submit a pull request to have the status updates to ‘Accepted’. This obviously isn’t true because it’s more complicated than that (requires it to be on the agenda AND voted on with the outcome being to move it to ‘Accepted’ state). Since it wasn’t voted on and can’t be on the agenda to do so without clear community consensus, whoever said that was mistaken or confused or confused Afri. + +Second, the Pull Request has to be merged by an Editor (not him) for the status to be updated. An editor (u/souptacular) saw it, and said (paraphrasing) “Hey Afri based on the April Core Devs meeting, you can’t do this for controversial EIPs, it has to be voted on by the Core Devs before changing the status to Accepted, and it wasn’t even on the agenda because philosophically controversial EIPs that lack community support can’t be added to the agenda for the vote until community support is clear.” Afri apologized for his mistake and asked that the PR be closed. + +This conversation wasn’t private. It was public as it took place in the Ethereum/AllCoreDev gitter chat which anyone can view. + +Also, I would kindly ask people not to be a dick to one of the most important contributors to Ethereum. Afri and ParityTech single handedly kept Ethereum afloat when it was being spam attacked to no end during DevCon 2. The dude is all about Ethereum and one of the best all around people we have in the community. +Interested in hearing other's experiences. I just bought a used vehicle at a large Ford dealership yesterday. My father bought a used car at a Toyota dealership recently, and had the same experience. + +Despite my best efforts, they would not budge on the vehicle price. The salesman kept referencing "internet pricing", saying it's already listed at their best price. Now, the price had dropped by $1,000 from when I first saw it last week, but they would not move from that price yesterday. He said the dealership is part of a no-haggle network of dealerships, though it isn't advertised as such. It's been 10 years since I bought a car, so maybe the landscape is changing, but to me, everything is negotiable. I was able to negotiate on my trade-in, and get a deal I was happy with, but I was genuinely surprised they wouldn't budge on the vehicle price. + +Is "no haggle" or "internet price" just the way dealerships do business now? + +Edit to Add: + +Lots of good posts here, seems like there isn't much haggling in the Used car industry anymore. To add some clarity, I had been searching for months, waiting for the right deal for the vehicle I wanted. My out the door price was below the KBB, the dealer is also going to buff out some minor scratches, and they filled the tank (30 gallons). I still got a good deal, I was just surprised that they wouldn't go any lower on the price. In my past experience, there was always room to go down a little bit. +I ask because the people I ask say they have more than that in savings, and I know I have more than that in savings (much more), So I am wondering if Americans are really as bad at saving as the internet says they are. I live way below my means but still live with my parents, My father is upper class and he has a ton more than $1000 in savings, so I am wondering if it is really true that Americans can't save like the internet says, not to say there is anything wrong with the people who don't have that is savings, just wondering why. +I'm considering reading this book but I'm reluctant due to the controversial chapter on climate change, so my questions ostensibly consist of are the practicalities of geoengineering over carbon capping preferable from an empirical standpoint. What are your thoughts on the chapter and a book as a whole? +●○●○●○●○●○●○●○● + +I made a post about various criminal market manipulation strategies before, and there is a strong possibility this is the latest prominent example of "Spoofing". See image 1 in the linked post below, for more details about what this is: + +https://www.reddit.com/r/Superstonk/comments/tek62r/fuckery_learn_it_spot_it_report_it_also_see_my/ + +If you want to take some action, then simply copy the letter below (change the name to your real one, of course!): + +●○●○●○●○●○●○●○● + +Dear Sir/Madam, + +I am a retail investor and hold shares of a company listed on the New York Stock Exchange named GameStop, Inc. (ticker: GME). It is my belief that GME stock underwent criminal market manipulation, potentially by multiple financial institutions, meaning that I and other shareholders of GameStop are victims of crime. The specific details are as follows: + +**Date:** 8th April 2022 + +**Type of Manipulation:** +Spoofing + +**Laws and Regulations Transgressed:** +Sections 9(a)(2) and 10(b) of the Exchange Act of 1934 and Section 17(a) of the Securities Act of 1933. + +**Potential Evidence:** +https://www.reddit.com/r/Superstonk/comments/tzcmkk/hey_chicago_exchange_wut_doin_this_is_what_was/ + +There is not a great deal of additional corroborating evidence I can provide for my assertion at this time. Unfortunately, the financial services industry has been structured in such an opaque way that retail investors, such as myself, have access to the least amount of market data. However it is hoped that the **{{{ SEC / DoJ / FBI / FTC --> Keep one and delete the others }}}**, being a well-funded government body with expertise in this area, can procure more potential evidence. + +I would therefore appreciate it if you could look into my complaint, in order to protect the rights of retail investors and uphold the aforementioned Laws and Regulations. + +Kind regards, + +**u/Region-Formal** + +●○●○●○●○●○●○●○● + +Next click on each of these links below, add your personal details, and paste the letter above in the relevant section. I have indicated the approximate time you will need to do this: + +**SEC - Securities & Exchange Commission (7 minutes):** + +[https://www.sec.gov/tcr](https://www.sec.gov/tcr) + +**DoJ - Department of Justice (1 minute):** + +[https://www.justice.gov/doj/webform/your-message-department-justice](https://www.justice.gov/doj/webform/your-message-department-justice) + +**FBI - Federal Bureau of Investigation (2 minutes):** + +[https://tips.fbi.gov/](https://tips.fbi.gov/) + +**FTC - Federal Trade Commission (2 minutes):** + +[https://reportfraud.ftc.gov/](https://reportfraud.ftc.gov/) + +●○●○●○●○●○●○●○● + +I know there are many skeptical Apes, who would quite simply ask: "Why bother?" My answer to that question is: Because if enough retail investors file complaints about the same act of crime, eventually they will have no choice but to look into it. And as that former SEC Branch Chief Lisa Braganca has tweeted many times, need to make these complaints in their format, if we want to get them to listen. + +Also note that this is one instance where it is absolutely fine to act en masse, in a group, using our potential volume of filings. There can be no accusations of collusion, because writing complaints to government bodies has no effect on the stonk itself. So if you have a few spare minutes and care enough about this, hope you can also file some complaints using the copy-and-paste template above (the SEC one could even get you a Whistleblower reward! 😄) + +●○●○●○●○●○●○●○● +Happy weekend Apes! + +&#x200B; + +First, go enjoy your weekend. Family, friends, just taking a few hours to yourself... whatever. Go unwind for a day. The Stonk will be here when you get back. + +&#x200B; + +So. To start, you will need to read my post from 3 months ago, where I lay out what I believed was happening to the options chain at the time: + +[https://www.reddit.com/r/Superstonk/comments/tptw6d/theyve\_staggered\_their\_option\_tricks\_need\_eyes\_on/](https://www.reddit.com/r/Superstonk/comments/tptw6d/theyve_staggered_their_option_tricks_need_eyes_on/) + +&#x200B; + +Back in March, I said that the May chain was setting up to rug pull us under $90: [https://imgur.com/g1aZ2OC](https://imgur.com/g1aZ2OC) + +&#x200B; + +"We locked them into the rolling cycle by keeping it above $40 last year... I think this time they are setting it up to try and keep their rolling price under $90. + +The threshold list needs a stock to have over 0.5% of its outstanding shares fail to deliver (for five days) to qualify to be added to the list. For GME, that is around \~381,000... + +There are 3,639 Open Put contracts at the $90 strike for 20 May 2022, or 363,390 shares worth of contracts. + +I'm not entirely sure that the numbers being that close is a Cohencidence..." + +&#x200B; + +Remember that number apes... 363,000 - 381,000.... + +&#x200B; + +And what happened in May, right before my contract date? + +&#x200B; + +[https://www.reddit.com/r/Superstonk/comments/umtfxv/remember\_when\_i\_told\_you\_last\_month\_this\_was/](https://www.reddit.com/r/Superstonk/comments/umtfxv/remember_when_i_told_you_last_month_this_was/) + +&#x200B; + +It tanked to just under $90 for those Puts to hit ITM... + +&#x200B; + +NOW... + +&#x200B; + +We FINALLY got the end of May FTD report from the SEC... And what does it show for May? + +&#x200B; + +[https://imgur.com/9SZwpUW](https://imgur.com/9SZwpUW) + +&#x200B; + +On May 16, There were exactly 374,889 FTDs on the book... and you only have 5 days to clear them before they hit the Threshold Securities List... + +&#x200B; + +And what was 5 days? May 20th... the contract date of our $90 rugpull worth 363,300 shares in Put options. + +&#x200B; + +On May 11, we closed at $81: [https://imgur.com/EukhNt4](https://imgur.com/EukhNt4) + +T+2 trading days is Friday, May 13th... and on May 16, we see that 374,000 FTD hit the books (almost the exact number of shares of those 363,000 worth of Puts). + +&#x200B; + +That ain't a Cohencidence. I'm way past believing this is all random. + +&#x200B; + +\------- + +&#x200B; + +Fast-forward to the end of the May report... and GME is now sitting at 744,847 shares FTD on May 31, 2022. That is a full 1% of GME shares that failed to deliver, on one day. + +I've checked every date of the NYSE Threshold list, and GME was never added to it... so, supposedly, \~400,000 shares were found and delivered, somewhere between May 27 and June 3. + +(We have to stay over 381,000 outstanding FTDs for 5 days to hit the threshold list. On May 27, there were 523,000 FTDs, so the clock starts on the 27. On the 31st, it blows up to 744,850 FTDs. So they only had until June 3rd to find \~400,000 shares to keep GME off the threshold list.) + +&#x200B; + +I've been telling y'all since the $40 days... we aren't fighting the NYSE... we are fighting the CBOE (options exchange). The CBOE is located in Chicago, and Citadel Advisors only deals in options (ok, ok... like 5% is held in shares... 95% only in options for the semantics). + +&#x200B; + +\------ + +&#x200B; + +On to current day. 7/15/22 is piling up with Puts between the $100-$120 mark. The Put/Call Ratio is still Neutral, at 0.85... but I'm beginning to feel inclined to believe that is simply more due to bullish fomo Call buyers, than the Put activity. There are \~1,300,000 shares up for grabs if the price drops under $100 by the 15th. There are \~500,000 up for grabs at $120 alone. + +&#x200B; + +We don't know what the real-time FTD data looks like, and I highly doubt we get the first half of June on time, so whether they still need these 500,000+ shares is still up for debate (well, I mean technically of course they need them, I'm speaking specifically to needing them to satisfy FTD numbers). + +&#x200B; + +Don't be surprised if we get attacked under $120 in the first half of July, and then see it immediately run back up. Remember, US options can get exercised at any time... it doesn't need to be the actual week of the options expiration. + +I highly doubt we get sub-$100... but you do need to realize there are \~750,000 shares up for grabs on those Put contracts. If they feel desperate enough... \*OR IF THEY SEE ENOUGH Stop Losses\* lined up to start retail accounts auto-selling into a price cliff... THEY WILL DO IT. + +&#x200B; + +I currently believe they are going to hit us sub $120 for at least a day in early July, and that they are going to see how many people are finally in the green and willing to sell to see if they can get it to the $100 mark. I don't think they have the funds (or the balls) to do it themselves; I think they are willing to pay to tank it to $120, and then just hope the market is set-up to slide down to $100 on its own. + +&#x200B; + +\------ + +&#x200B; + +But there it is. FTD proof of them attacking the options chain at the exact timing I thought they would, for the exact amount of shares I thought they would, with the effects being noted in real-time daily delivery numbers on the SEC report. + +&#x200B; + +I've never once labeled a post as DD. I've used the Discussion label all the way back to when Pixel was stealing my research from Other Sub and reposting it to karma farm the apes in the early days. + +&#x200B; + +This one I'm labeling as DD. I've spent over a year watching these feeds and it's worked out to the dollar, to the day, enough times that I'm not "discussing" this anymore. It's happening. And apes need to understand it. +Hi Everyone, + +I consolidated my portfolio this year and I have hundreds of transactions. I was looking for a tool/script which can convert the statements by CAMS and KFintech or Kuvera to the CSV format accepted by the ITR tool. + +I am happy to write/improve existing tool for everyone as I don't want to manually input 300+ txns + +ITR tool accepts the CSV in the following format. + + + Share/Unit acquired(1a),ISIN Code(2),Name of the Share/Unit(3),No. of Shares/Units(4),Sale-price per Share/Unit(5),Full Value of Consideration(Total Sale Value)(6) = 4 *5,Cost of acquisition without indexation(7),Cost of acquisition(8),If the long term capital asset was acquired before 01.02.2018(9),Fair Market Value per share/unit as on 31st January 2018(10),Total Fair Market Value of capital asset as per section 55(2)(ac)(11) = 4 * 10,Expenditure wholly and exclusively in connection with transfer(12),Total deductions(13) = 7 + 12,Balance(14) = 6 - 13 +Disclaimer: In no means this is a brag post. Just wanted to share it with you folks. This sub has helped me a lot. + +Hi Folks, + +This is a throwaway account. I'm a longtime lurker, and frequent poster in this sub. + +At 25 years and 7 months, today my net worth just crossed 1 Crore in INR. I haven't told anyone about it, so wanted to share it with you folks. Will probably tell my GF about it sooner rather than later. + +Needless to say, I feel incredibly blessed. I feel most of our life is based on fortune and dumb luck. And, it's truly by blessings of my parents that I feel I was able to achieve this milestone. + +Company stock had been skyrocketing for years now, specifically since I joined. Moving to a dollar/euro based country has certainly helped. We're living in golden era of technological revolution. Let's make the most of it. + +80&#37; of my worth is in equity. Indian MFs, US MFs and Company RSUs. Rest is cash waiting to be deployed in market downturns. I buy each month. Don't do SIP. I feel buying yourself forces you to evaluate your choices a little and do some kind of optimization. For eg., if I invest in 4 MFs, I will buy more in the one which is farthest from it's ATH. + +I am strongly considering retiring early. FIRE is the term used for it. 30 is the age I've set for myself. At 30, I will evaluate if I have enough to leave the rat race, and start doing something meaningful. Something I care about. Something with 0 stress. I hope the gods keep bestowing their warmth upon me. + +Wish you all good fortune. +They are all identical, weather its APHA, HEXO, WEED, ACB etc. +And its not just the monthly patterns. The day to day is the same as well. + +What is going on here? Is this normal when companies are in the same industry? All of these companies have very different financials yet trade absolutely the same day to day. +Recently arrived at (or near) my FATFire goal. To be honest, I never really had a number, but have recently sold my company bringing me up to \~$7M after taxes, which seems like enough. This event got me thinking about asset protection. + +I've been recommended by a friend to put a large chunk of that into an LLC and buy a single rental property (or do some sort of minimal business) in the LLC's name as a way to shelter those funds from any sort of future personal liability that may come up. I imagine I can then invest the majority of it into ETFs on behalf of the LLC as I normally would. + +What are the pros and cons of doing something like that? Does it really shelter your assets? Are there tax consequences if you want to use that money someday in the future since you'd be taking it out of the LLC? +I'm a little concerned about my career progression, now that I WFH for the last 12 months, I feel invisible. Anyone have any ideas on how I can get the leadership team and my boss to notice me? + +&#x200B; + +Edit: Forgot to add this detail, I work for a telco company and everyone works from home. +To not think about money will help remove greed, fear, moving stop loss, moving take profit, soo many great things will happen. + +I’m trying my best to just apply the trade set up and that’s it. Very hard to do but I believe once you get to that mindset it would be pretty awesome. +I just wanted to make a post of some the trades I'm going to look at getting into early next week. If you want to take some inspiration from this then great or if you want to call me an idiot since you think my analysis is all wrong then please feel free to do that as well. Don't consider these signals they're just my ideas and make sure to do your own analysis if you're looking to jump in. + +Before jumping in keep in mind that with the Coronavirus looking like it's going to resurge many traders have moved away from the riskier assets and have gone back to the safe haven currencies. This suggests that we can continue to see an increase in strength of the USD and JPY. + +**CADJPY (Short)** + +Chart: [https://www.tradingview.com/chart/CADJPY/OxCEnfAk-CADJPY-Short-after-Hitting-618-Retrace/](https://www.tradingview.com/chart/CADJPY/OxCEnfAk-CADJPY-Short-after-Hitting-618-Retrace/) + +Explanation: We can see that the trend is currently Bearish and using the Fibonacci Retracement Tool we can clearly see that price went up to hit the .618 line where it then bounced from. Once price bounces from the trend line it would be a good idea to take a sell on that with a TP at around 77.87 which would yield us a solid 100 pips with a 2.5:1 Risk to Reward. + +**GBPNZD (Short)** + +Chart: [https://www.tradingview.com/chart/GBPNZD/lRODNFFl-GBPNZD-Trend-Line-Break-Suggests-a-Short/](https://www.tradingview.com/chart/GBPNZD/lRODNFFl-GBPNZD-Trend-Line-Break-Suggests-a-Short/) + +Explanation: There's a lot going on with this pair and there are a lot places where you can get tripped up and stopped out if you're not careful. It looks like GBPNZD broke out of both a major (Purple) and a minor (Black) channel. GBPNZD had respected the major channel since about mid April and it looks like it broke through it not too long ago and it had just retested it. GBPNZD had followed the minor channel for a couple days before falling through during Friday's New York Session. It looks like GBPNZD is in a new channel (Dark Blue) which it has been following and respecting since around May 15th. It recently bounced off the the top of the channel which suggests it'll continue to go bearish and I'll be looking for it to hit the bottom of the channel in order to get around 250 Pips with a 2.5:1 Risk to Reward. Sorry that the chart looks like a mess with all the trend lines. + +**AUDJPY (Short)** + +Chart: [https://www.tradingview.com/chart/AUDJPY/DenqQHkU-AUDJPY-Channel-Gives-Shorting-Opportunities/](https://www.tradingview.com/chart/AUDJPY/DenqQHkU-AUDJPY-Channel-Gives-Shorting-Opportunities/) + +Explanation: We can see that a Head and Shoulder pattern had formed not too long ago which suggests that this market has shifted from a Bullish market to a Bearish market. We're also in a channel which price is respecting and we can see price is currently heading to the top of the channel at which point we can see that a M pattern will be forming meaning we could ride price down 186 pips at 3:1 Risk to Reward if we get confirmation of a bounce. + +**USDJPY (Long)** + +Chart: [https://www.tradingview.com/chart/USDJPY/ONy2b1bn-USDJPY-Gartley-Pattern-Forming-Currently-on-D-Leg/](https://www.tradingview.com/chart/USDJPY/ONy2b1bn-USDJPY-Gartley-Pattern-Forming-Currently-on-D-Leg/) + +Unlike the other three trades I probably won't be looking to get into this trade since I would have to hold it for a couple weeks in order to get a couple hundred pips which seems good but I don't like holding trades that long. If you don't mind holding a trade for a couple weeks then this trade might be just for you. + +Explanation: It looks like we got a pretty solid Gartley pattern forming in which the A, B, and C leg all fit the conditions so I'm expecting the D leg to follow the conditions and complete the Gartley pattern. You could definitely go long now and ride the D leg up to around 110.4 area after which we would get a completed Gartley pattern and then we could expect price to go Bearish. All the Retracement measurements are marked on the chart if you want to take a look at it. + +Hope you might have found some value especially if you're a new trader. I hope you have a great weekend and Trading Week next week! + +Update: Since so many people have seemed to like this and people seem to want me to do more I'll turn this into a weekly thing where I'll release 3-5 trading ideas every Saturday morning at around 7-8am EST. Keep an eye out next Saturday for some more trading ideas and thanks for all the support. +My first job coming out of the Army in 1972 was selling a new condo. Condos were new in the US then. + +I researched the heck out if them. After six months of seven days a week work I sold 18 of them the other salesman sold two. I got paid nothing because the bank appraiser said they were not worth what I sold them for. I pointed out that 18 comps was far more than enough to support the prices---to no avail. + +At some point in the 21st century, financing had become impossible at many condos because of a half dozen or more disqualifying criteria: + +\* too many units owned by one person + +\* too many units occupied by renters + +\* too many units delinquent on HOA dues + +\* any lawsuits alleging the premises are unfit for habitation + +\* etc. + +Many condos cannot be financed ever as a result. Forget about them. + +When Champlain Towers South pancaked down killing almost all inhabitants, we got another reason: if the structure is taller than 2 or 3 stories, you need to get a structural engineer to approve the building before you buy. And you simply cannot afford that expense when you are just buying one unit. Forget about it. + +FL is now likely to pass a law essentially using the same criteria that requires inspections and sinking fund and maintenance requirements. Buildings 3 stories or taller would have to be periodically inspected. Recommended repairs would be mandatory. HOA fees would have to be high enough to accumulate funds for repairs and replacements. + +All if that will increase the cost of buying and operating such buildings significantly and increase the uncertainty of owning them. I believe I also read recently that some lenders and insurers decided to redline taller buildings. + +Would this rule out the most attractive, well-located buildings? Yes. Do I need to change my recommendation because of that? No. Tall buildings have extreme risks that shorter buildings do not. Furthermore, they tend to have lesser appreciation rewards than detached homes. Not a close call. +Kevin O Leary just lied in front of the Senate, with the whole world watching. + +Here is his testimony under oath where he said this to the question "Why did FTX fail": https://twitter.com/Benzinga/status/1603076399593844736 + +Lets get this straight - he said FTX didnt fail because of fraud, laundering user deposits into personal accounts or into their own hedge fund to make risky trades, bought expensive condos with customer deposits and just ran the most incompetent bucketshop ever possible etc, but because "Binance put FTX out of business" + +In stark contrast, the main bankruptcy professional and new FTX CEO John Ray told the House yesterday that FTX collapse was the result of old fashioned fraud. He was asked if Binance caused this, he flatly said NO. + +In the testimony to House, he was asked by Rep Gonzalez (at time 2:43:30), + +> Rep Gonzalez: One of the things in Mr. Bankman-fried's testimony that has leaked, that wasn't submitted, is he spends time talking about Binance and how Binance created a run on the bank, suggesting that, had that not occurred, FTX was solvent and would have been just fine. Prior to that episode -- is it your belief that FTX was solvent? + +> Mr. John Ray: NO + + +You can listen to the testimony here and forward to the time mentioned above. https://www.youtube.com/watch?v=1ObdFaUL7nc&t=9795s + +Also this entire testimony of John Ray pretty much outlines how SBF was running a fraudulent shop for months. John who has now assumed control of FTX and is in an authoritative position to tell us what went wrong at FTX quite simply states the whole enterprise was a fraud. The DoJ, SEC and CFTC have already filed charges against SBF, but here we have Kevin O'Leary telling the Senate that SBF is innocent but its Binance put FTX out of business. + +Whats really dangerous is that Kevin knows this is not true, yet goes onto Senate to state lies under oath. He has worked his entire career in finance. He knows that John Ray has the best knowledge to put together what happened at FTX. He knows investigations of multiple agencies have put the blame on SBF. Yet he goes and tries to whitewash SBF's crimes. + +Kevin O'Leary is a conman, who last week even said he would continue to do business with SBF. This week SBF got arrested, yet Kevin is still lying to the Senate. He got paid $15 M to be a shill for SBF. Its a shameful joke that he was even called up to testify in this issue. Its like inviting Ted Bundy's spokesperson to the Senate so that he can whitewash his crimes. Such actions dont make Ted Bundy or SBF look any better, but it just diminishes the respect of the Senate as an institution. + +This guy deserves to be in the same cell as SBF. Every penny paid by SBF to this fraudster must be clawed back to make FTX depositors whole. +&#x200B; + +Hello everybody + +I have some investments in gold and I am wondering what everybody knows and thinks around this subject. I know that there a some advocates and opponents for it and I would like to have some idea's exchange with you guys. Here is everything that I researched around it and my findings around the subject. + +If you want to invest in gold, you should read this: [https://www.bloomberg.com/opinion/articles/2020-04-01/gold-is-losing-its-luster-for-the-world-s-central-banks](https://www.bloomberg.com/opinion/articles/2020-04-01/gold-is-losing-its-luster-for-the-world-s-central-banks) + +I would only buy gold when the price of it is not to inflated like it is now. Central banks are still the biggest player on the gold market and it is really important what their decisions are. Looking at the article and other news we notice that most CB are stopping their spending sprees on gold and are even considering selling some of their reserve, which could potentially lower the price of gold. Now these are speculations as any other and we should really look at the actions of the CB and the market's reaction. + +That said, I believe that gold is: + +\- not a perfect hedge on the long-term inflation ( 30 to 50 years) and surely not for short- to medium-term inflation + +\- a valuable asset when uncertainty in the market is increased + +\- a good asset to diversify your portfolio. + +Why do I think this? For a number of reasons: + +1. There are a lot of factors in play that determine the price of gold. Meaning that the correlation between the value of the dollar and gold is most of the time hard to measure and it depends heavily on the decisions of the Fed an other financial institutions. See this article for further discussion: [https://inflationdata.com/articles/2019/07/10/gold-price-relationship-inflation/](https://inflationdata.com/articles/2019/07/10/gold-price-relationship-inflation/) +2. If we look at the history of gold, we can see why people invest in gold and can learn when "similar" scenario's might happen. We see that people invest in gold when there is a lot of uncertainty in the market. Here is a good overview of the history of gold even though I do not really agree with everything he says: [https://inflationdata.com/Inflation/Inflation\_Rate/Gold\_Inflation.asp](https://inflationdata.com/Inflation/Inflation_Rate/Gold_Inflation.asp) +3. Gold has a low correlations with most other assets which makes it a safe heaven for most investment you make. + +*History is not a reflection of the future so we need to be careful to extrapolate the history to the future.* *meaning: look at other factors that might influence the market than the one you observe through history.* + +&#x200B; + +Next I would like to discuss possible impact factors for the direction of the gold market. I will divide this in supply and demand side to give the conversation more structure. + +**supply side possible factors:** + +Given the fact that most mines are going to be more expensive because of the increasing extraction costs. This will put pressure on the supply side of the market for the next 20 years. The pressure will push the market more to the recycled gold. But before players switch from extraction method the price of gold needs to be high enough before investments are considered. + +But there are few caveats in this reasoning: + +First of all there is the possibility that we will discover new methods and reserves of gold to extract gold more easily. This will lower the price of gold. + +Secondly most gold is not used in productions and is therefore not consumed but hoarded: [https://www.sunshineprofits.com/gold-silver/dictionary/gold-production-cost/](https://www.sunshineprofits.com/gold-silver/dictionary/gold-production-cost/) . Which means that the supply side is not only from firms who extract gold but also people who hold gold. This is a big difference from other commodities where the supply side only consist of the firms who extract it. + +Three important aspect to look for in the supply side of gold: + +1. new extraction methods and reserves for gold +2. investments in recycled gold +3. actions of Central banks who hold a lot of gold + +**demand side possible factors:** + +A lot of upcoming markets will want to strengthen their financial system by purchasing gold to create more certainty in their market. This is what China, Russia and other countries are trying to do. The price of gold will thus depend on the policies of those countries. Trying to find the strategies of those policies will give you more insight in the way that the gold price behaves. Secondly from history we can deduct that when there is a lot of uncertainty in the market the gold price will surge see: [https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart](https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart) . Thirdly gold is a material often used in production for its attributes: [https://education.jlab.org/itselemental/ele079.html](https://education.jlab.org/itselemental/ele079.html) This mean that the demand of gold is also depended on those markets. + +Three important aspect to look for in the demand side of gold: + +1. actions of Central banks who want to create more security in the market +2. when uncertainty hits, the price of gold will follow +3. markets where gold is used for manufacturing and new application for gold in manufacturing + +on the side note: Some people might think that the price of gold is manipulated by the governments. There is no evidence for this but I cannot exclude this. It is though very unlikely because gold is a very liquid asset which means it is difficult to "manipulate" like some investors think: [https://www.sunshineprofits.com/gold-silver/dictionary/gold-manipulation/](https://www.sunshineprofits.com/gold-silver/dictionary/gold-manipulation/) + +give this a like and leave your idea's/opinions in the thread. + +&#x200B; + +Thanks for reading this +Limit for singles is increasing from $3,650 (2022) to $3,850 (2023) + +Limit for married couples is increasing from $7,300 (2022) to $7,750 (2023) + +[Source](https://www.accountingtoday.com/news/irs-raises-hsa-limits-for-2023-amid-soaring-inflation) + +IRA and 401(k) limits I’m sure will increase notably YoY as well when the IRS releases comms later this year in Q4. +Does anyone have a standard notice they can share with me? I try to avoid going down the eviction road at all costs. Last option before that is cash for keys. Do you physically post a move out notice after multiple unanswered emails, calls or texts? Just curious how everyone goes about it. I try to be understanding but it turns into them being a month or two behind. +My employer has a fairly standard 3% match (50% up to 6% of pay). A couple of years ago, they announced that they are changing how that gets contributed. Instead of matching contributions on each paycheck, they hold all the money for the year and deposit the match in January. I thought it was pretty lame at the time, since I lose out on all the gains over the year, but didn't complain too much about it. + +Now, however, I just recieved an email from our HR department that the company has decided NOT to do a matching contribution for 2020. Is this allowed? I have contributed my 6% expecting a 50% match for the majority of the year. Are they allowed to just cancel this? + +For context, my company is publicly traded and a recognizable brand name, roughly 9,000 employees. +This and the many Christmas to come it will just be me alone and I cannot be happier. + +I just put my Christmas decorations up. It may just be fairy lights and some tinsel on my houseplant but I feel well chuffed. + +I may not be able to afford a tree or much else but I'm happy. Here's to no more homeless in 2020 or ever again. + +Like many, my employer furloughed about 75% of its staff due to Corona in April. My boss informed me that the company is (in his words) restructuring and if I return to work my salary would be X amount, which is about 45% less than what it was. However, I can receive about 7% commission of online sales that I assist with. I would basically be doing my old job, plus my assisting with online chat. + +I guess I am wondering if anyone has been in this situation or can give me advice on what I should do? Is this a good offer or should I run for the hills? + +EDIT: I don’t feel comfortable disclosing too much information about my job. + +Salary was, $40,000. Would now be $22,0000 plus commission. (These are not the true numbers. I gave these figures for anonymity. The current pay would just meet legal range for salary. I apologize for the confusion) + +Average sale could be $800-$5000 + + +There are other associates on site who’s actual job is sales so I’m not sure how often I would have a sale. + +Also, I am currently on unemployment and have been since being furloughed. +I trully enjoy reading this sub because there's interesting questions and points of view regarding option strategies,risk..etc. Most of the people here seem to take things serious and not make outrageous claims regarding stocks, unless they have done their research.. I see posts of people claiming they got banned on wsb, unfortunately, nothing we could do, imagine posting there tho??now, dont let those low Q uality posts get spammed here.. just saying... +Obviously, this is a personal question that varies a lot by situation / preference, but I’m wondering generally how much the FatFIRE crowd decided was an appropriate amount to spend on a wedding. + +For context, I’m late 20s / in NYC / in finance and am on the way to FatFIRE. I’m the first in my close friend group to have proposed, so I don’t have a lot of data points. That said, a few people in somewhat similar circles that have spent in the lower six figures, which is a bit of an unnerving amount to think about. I know that’s not a “normal” amount but am trying to get a feel for what is — any datapoints would be greatly appreciated. +https://m.youtube.com/watch?v=HKKMGVcURRU&t=0s + +Context: The city of San Francisco is a complete shitshow. Largely contributed by the increase in demand from the new tech workers entering the market but exasperated by local cities abstaining from new development, property prices have dramatically increased year-over-year for the last decade. To make matters more complicated, the city enacted strict rent control measures in 1979 that have since constrained 75% of the rental stock. As tech workers enter the market without the proper housing to supply them, the value of these rent-controlled properties have skyrocketed in value (seen as a potential appreciation and often being purchased for a low cap rate). In addition, during this time the city of San Francisco allowed landlords to pass the cost of their mortgage onto their tenants. As a result, landlords complied with city ordinances and increased rents. + +However, tenants couldn’t afford these rent increases. Now the city is trying to save face. New regulations would force private companies to openly display the finances of their investments for future potential rent increases. + +It’s an interesting time for the real estate industry in the Bay Area. There’s a confusion with high rental prices: many are blaming the suppliers of housing instead of the lack of supply for housing. It’s also concerning that a city’s solution would involve forcing the disclosure of personal information to the public. As a native of the area, it’s sad seeing such a beautiful place who’s potential is so apparent fall apart by negligent public policies. +Nice, GME is up 12% thus far today. We love to see it, but I don't really care. + +We can't get hyped for a 12% increase when we all know it is going to be shorted down again. + +Furthermore, we shouldn't get hyped until we see 400% in one day. Let's be pragmatic, all the crazy shit we held through in Jan 21' and when it went to $360 again. + +I open tradingview, see GME up 20%, and move on. See GME down 20%, and move on. + +&#x200B; + +Buy, HODL, DRS + +I eat crayons, so that excites me more than GME price going up 12% + +Enjoy the process everyone +Nice, GME is up 12% thus far today. We love to see it, but I don't really care. + +We can't get hyped for a 12% increase when we all know it is going to be shorted down again. + +Furthermore, we shouldn't get hyped until we see 400% in one day. Let's be pragmatic, all the crazy shit we held through in Jan 21' and when it went to $360 again. + +I open tradingview, see GME up 20%, and move on. See GME down 20%, and move on. + +&#x200B; + +Buy, HODL, DRS + +I eat crayons, so that excites me more than GME price going up 12% + +Enjoy the process everyone +If I were to go into the field of economics would it be possible to approach it in a way that isn't completely influenced and oriented to capitalism? It seems like a fait accompli that trained economists become capitalists, and that seems to me like it could cause flaws in the overall quality of literature it produces. Is there a field of economics dedicated to examining how it is and isn't influenced by the status quo structure of the economy? +Hey cunts. Im going to try and explain some factors that have affected the market and how that applies to current outlook and whats occurring. I believe most of this relates to self fulfilling prophecy, feel free to contribute all denial, hopium, copium and HC thoughts below. + +&#x200B; + +**Firstly, what is a self fulfilling prophecy?** + +**Definition:** *A false definition of a situation evoking a new behaviour which makes the originally false conception come true.* \- + +The concept of self fulfilling prophecies operates in a cycle which begins with our beliefs. Beliefs influence our actions and eventually cause a narrative to impact others beliefs which cause actions that reinforce that original belief making that belief become a reality. + +&#x200B; + +&#x200B; + +[I know some cunt is going to ask for a picture](https://preview.redd.it/he7qmmm7yiy81.png?width=551&format=png&auto=webp&s=5eb595bcc9ae4bda2f3f51f4401edf2a6233b67e) + +**So how the fuck does this apply to markets?** + +Well, we need to go back a bit, because you all lack attention spans lets take it back to march 2020. + +We know what happened here. Money was poured into the market crash buying fear and the market bounced. But the thing was governments continued to stimulate with MMT to fuel growth out of the covid mayhem. central banks around the world maintained low cash rates and continued to support markets. This created the perfect conditions for wild speculation and false economic growth. + +within the euphoria, narratives occurred on what would happen, some bearish, some bullish but while debt was cheap and markets had upside all your stocks whatever they were were fuelled by wall street narrative. As an example heres how the inflation narrative played out. + +**Inflation narrative** + +**The belief:** The printing of money and too much money in the system causes inflation, commodities do well in inflationary environments This caused an influence for money to move into commodity futures resulting in a move back upwards. + +**The influence:** + +Wall street pushed this ideology hard, stating a super cycle was coming + +**The actions** + +We shouted that inflation was going to be a huge problem which caused more people to hedge in commodities futures. taking out margin loans to trade them. Im sure the bigger trading houses had mass influence on curbing supply by trading them. Commodities were moving up which caused inflation. + +You can see how this works. It causes herd mentality as the narrative plays out. basically finiancialisation and hedging has caused wild speculation which lead to its own inflation. When really this was a combination of panic by countries to secure supply, trading house speculation, hedging and supply chain issues which lead to inflation becoming a self fulfilling prophecy. + +When the nickel saga occurred that sent a wave of caution to people. The markets have since become more illiquid and are now more representative of actual trade compared to speculation. from what i can tell the secretive trading houses were struggling and had to make arrangements for their margin calls mainly due to being on the wrong sides of trades like russian oil. anyway + +**So how does this relate to whats happening now dick head?** + +Well, everyone in markets is looking for returns on capital, savings interest rates are low which causes people to look for alternatives for return due to their money being eaten away by inflation. + +This caused risk tolerance to be low due to market euphoria. but it also caused people to over leverage themselves when things were over valued. taking out margin loans by places like robinhood. + +You can sign up to FINRA free of charge [here](https://ycharts.com/indicators/finra_margin_debt) and view on a chart how much margin was entering the markets taking advantage of the climate. + +The US peaked on margin loans at almost 1 trillion dollars in august of 2021. since then Margin loans have been significantly decreasing. Heres the [Link](https://www.finra.org/investors/learn-to-invest/advanced-investing/margin-statistics) + +&#x200B; + +[You seeing a correlation here. I CBF overlaying the sp500 but you get it right](https://preview.redd.it/556uem6majy81.png?width=890&format=png&auto=webp&s=50923ba0f201f645a50080b3874672a253964a69) + +&#x200B; + +**Why do margin loans matter?** + +Margin loans have a major correlation to indices which has a large correlation to liquidity, when margin peaks the market is at a high. and when it declines returns reduce sometimes a lot. + +&#x200B; + +[you get it yet.](https://preview.redd.it/l2jn7bxxajy81.png?width=890&format=png&auto=webp&s=ebbc0462c86e5e8794f017f5648d3c7e8b7c9152) + +**A quick reality check here for some.** + +How many of you bought into a trade with some grandiose idea LKE was worth a 1 billion dollars even though its not even close to being in production. well that was never sustainable. it is all narrative. somewhat could be a self fulfilling prophecy due to trend traders utilising TA and having control of the float. The only reason any of this shit hit so high is because of low interest rates, market speculation and increased risk tolerance while the fed had everyones backs, This doesn't just apply to LKE, it applies to any other bullshit lifestyle co pushing a narrative to keep you holding shares to decrease liquidity which makes it move better for traders taking advantage, + +Don't get me wrong some ideas in the spec space are great. but what ive seen run over the past 2 years is nothing short of fucking retarded. + +**So what the new self fulfilling prophecy?** + +Well QE is great for markets and your specs, it creates risk on environments and some good economic outcomes whilst also fuelling your lifestyle companies new directors beach house. QT is the opposite and this where the bears get to have their day. + +&#x200B; + +[Lets go over this one more time](https://preview.redd.it/he7qmmm7yiy81.png?width=551&format=png&auto=webp&s=5eb595bcc9ae4bda2f3f51f4401edf2a6233b67e) + +The fed and RBA are trying to curb inflation which looks transitory believe it or not by destroying demand. Without debt being in a place where theres reward the market is extremely overvalued. thats the belief most have on wall street now. + +**The belief is** A recession is coming. + +That influences how people handle there money, they deleverage markets, they sell their investment properties which curbs the supply issue which leads to a decrease in valuations. + +The initial belief of recession causes a recession due to peoples actions. Its herd mentality. But largest wealth holders have major control here, they have the opportunity to still sell high but others still have to buy high for risk, that risk reward ratio looks fucked at those levels as recession is coming. + +others having that belief causes more to fall into the herd mentality which reinforces those actions. leading to a sell off. Anyone taking risk with margin looks fucked here, because they can go completely broke by not covering. + +**Whats the result of this self fulfilling prohecy?** Its recession. simple as that. because everyone believes it they will act in away that will cause it. + +This will destroy the lifestyle companies if it continues. which is great. there not needed. but how far does the term lifestyle company go. It reaches a lot of the overvalued tech who utilise markets to pay employees. They all got jobs they shouldn't have gotten due to conditions that should have never been created since 2008. + +Whats coming is an illiquid market in a high risk environment due to the feds agenda. A stronger USD kills commodities. it also forces countries with a lot of debt to begin selling at marginal cost just to cover that debt. or alternatively they stimulate and point money causing further inflation . + +We are pretty fucking lucky here compared to 3rd world who may starve due to the actions of financialisation. so when i hear you all bitching about losing 10k you can go fuck yourself. people starve because of the capitalism of world markets and greed.i say don't buy their margin. Let them go fucking bust. + +**Wheres the good news in this** + +The good news is The RBA cant raise that far without causing bankruptcy on the lower socioeconomic and middle class. + +The Fed wont get far in their hiking cycle and i do believe we will see lower cash rates in the future which will cause spikes in commodities sooner rather than later. pending we don't end up in a world war. which kind of looks likely. so opportunity will present itself so you can capitalise on the system once again. + +I have more to say but fuck it ill happily reply to ya comments if need be. + +For some more resources and thoughts heres peter schiff who basically describes these circumstances years ago [https://www.youtube.com/watch?v=0WhDs7-MXKc&t=1520s](https://www.youtube.com/watch?v=0WhDs7-MXKc&t=1520s) I dont subscribe to the end times to be honest but its going to get pretty fucking messy here. + +I also think [https://www.youtube.com/watch?v=NZxBwRKz8EE&t=358s](https://www.youtube.com/watch?v=NZxBwRKz8EE&t=358s) viktor shvets has some great outlooks for the future. + +TLDR: margin controls your markets and its deleveraging +Whats up gang. + +&#x200B; + +It's time we had another sub debate on the shit show that is going on around us. Global markets are choppy, the bears are in full chub, interest rates are flying up, CPI, cost of living, fuel blah blah... + +The R word is getting thrown around, but what does that actually mean and how does that translate to our beloved stonks? + +The purpose of this post is to gather up all our demented ramblings into one place, have a debate on whats going down and hopefully provide a wrinkle or two for the smoother brained amongst us... + +&#x200B; + +**THE TOPIC: Are we heading for a recession?** + +&#x200B; + +**Yes or No, Why or Why Not?** +The Japanese Yen which is the third largest fiat currency took a shit. + +https://i.imgur.com/flpH6aR.jpg + + The BoJ yield curve control policy, controls the shape of the Japanese yield curve by pinning short-term rates and the 10-year Japanese government bond yield to .25%, + +https://i.imgur.com/VRKKLX7.jpg + +its origin purpose was to achieve its 2% inflation target in a stable manner. That peg broke a couple days ago. + +https://i.imgur.com/TCvCa6C.jpg + +Which means Japan has to print more money to keep buying the bonds to keep it pegged to .25% if not they face losing billions. + +https://i.imgur.com/QRGVSVb.jpg + +Which further devalues the Yen. Which they already have. + +https://i.imgur.com/H4ZnAQO.jpg + +Add this to another massive systemic risk because Japan is the LARGEST holder of US treasuries. Which means US Fed Reserve would have to bail them out too! Buckle the fuck up, turbulence will go past 10g. + +https://imgur.com/a/BveMsME + +Edit: u/lulu1168 posted information supporting this post from 50 days ago, about BoJ and receiving money from the Feds regarding what I just explained due to them being the largest foreign US treasury holder. + +https://www.reddit.com/r/Superstonk/comments/ucmda2/a_missing_piece_of_the_puzzle/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +Hi everybody, + +30-40 years old, 1 child, Europe. + +I own a small business: an online professional training company. Revenue in the 2-3m range, earnings around 1m, 15 employees. I owe it through a holding and I'm the only owner. + + +*I'm (really) wondering if I should sell or not.* The market value of the company would be around 10m + + +**Pros:**   + +* My business is fragile: if I lost some public certifications, it will slash my revenue by 70%. If it happens, I would feel like the dumbest fool not to have sold when the value was high. +* My goal in launching the business was (fat)firing. I could do this now by selling it. +* I would get 40-50 hours of free time per week +* 10M conservatively invested at 5% would get me 500k of personal revenue **per year for life** (or 350k after taxes). Which is, for me, an insane amount of money. It would mean true financial freedom for me. + +**Cons:**  + +* What exactly would I do with my free time? I like operating my business and making it grow is fun. I don't want to start from scratch again. +* I fear I may have a depression episode after selling, not knowing how to be useful anymore. +* I like the people I work with and it would feel like I'm abandoning them. +* Maybe I don't need 10M in cash? If all goes as excepted in 2/3 years I will have 2/3m in cash thanks to the dividends of the company, which is 100k / year after tax at 5%. + +&#x200B; + +What do you think? How to make such a decision? What are your experiences with that situation? + +&#x200B; + +PS : excuse my bad English, I'm a non-native speaker +Taxes are about $1500, and they owe another $6k in back taxes. The house itself is a bargain, in an oversaturated market, and an obvious diamond - even with a gut remodel. + +Would it be better to wait and see if it goes into foreclosure, or just lowball them? I've never owed money, so I'm clueless to what happens when you get behind on your taxes. +Hello Everyone, + + +I've noticed something fairly recently that has been kinda bothering me. Being on biggerpockets and seeing how many people who truly have ZERO clue as to what they are talking about, then passing that info off as if they are experts. + +I'm kinda done with reading biggerpockets as a whole. It seems like a lot of amateurs and mom and pops who stick there 2 cents into anything they possibly can. It's a good place to start out for some initial things but man, I've never seen people need this much correcting. + + +A good example. New wholesaler asks questions regarding holding costs, closing costs, and rehab cost. A bunch of people start throwing opinions in. Who might I add have NEVER wholesaled a property and it isn't until the 3rd or 4th page where another wholesaler steps in and gives legit info. You have to many of the small time investors with large ego's giving what is in essence unsolicited advice/opinion. + +I've seen both very new fix and flippers and people who dont even do rehabs try telling a new wholesaler it's his/her problem to add up expenses that are not even the wholesalers responsibility.... + + +To put it lightly, I wouldnt take advice from someone in there 60's only making 4k a month from real estate using buy and hold methods. Nothing wrong with it but people need to stay in there own damn lane. + +I want anyone who reads this and is going into wholesaling to know this. + +1. If your customer tries to dictate how much you make or how you conduct business....end the deal with them and find someone worthwhile. + +2. HOLDING AND CLOSING COSTS ARE NOT YOUR RESPONSIBILTY IT IS THE END BUYERS!!! + +3. Structure how you are going to do EMD payments on your terms....not others. + +4. Do not take advice from people who have never done a single deal and armchair quarterback. + +5. Rehab costs are not your problem. Give a rough estimate with a very simple formula of looks×price per sqft to make an easy transaction. You dont need to be specific. You are not a GC or the person doing the rehabbing...that is there due dilligance to figure out their own true cost. + +6. It is not your job to make sure the end buyers profit margins are correct and hand hold them. If they cant figure it out for themselves, they are not worth your time. They are there to get the property from you and get it assigned to them. Use a simple formula and move on. + + +Sorry for this rant guys, I love the page on here and reccomend this more than biggerpockets. Seems like people here are more level headed and receptive. + +Thanks! +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). +Built for anyone, from spreadsheet newbies to experts! Two years ago, I shared with the community a [free FIRE spreadsheet](https://www.reddit.com/r/financialindependence/comments/ejkuw8/i_made_an_advanced_budgetincomenet_worthfire/), and since then, I’ve received a lot of requests to share a public version of my dark-mode [personal spreadsheet](https://www.reddit.com/r/financialindependence/comments/pff9qz/aug_2021_monthly_overview_2_years_into_my_job/). In response, I re-vamped the public spreadsheet to include a better [dashboard](https://i0.wp.com/bloomingfinances.com/wp-content/uploads/2022/01/Capture1.png?w=1120&ssl=1), simpler inputs, more analysis and features, and packaged it in a better color scheme. I like it better than my personal spreadsheet now, so I might switch over, too :) + +&#x200B; + +See how it looks filled out with fake data: [https://docs.google.com/spreadsheets/d/1kWHnihgmOHy6ZQ9K2oGWZ1lsiqCoP-UWo0Kj\_YG4g1M/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1kWHnihgmOHy6ZQ9K2oGWZ1lsiqCoP-UWo0Kj_YG4g1M/edit?usp=sharing) + +Pick up your own copy here: [https://docs.google.com/spreadsheets/d/1SB7cCd\_Rk9HHEtjDYb\_mGKYBR-68Y-Dqe1IuPMHQg\_E/copy](https://docs.google.com/spreadsheets/d/1SB7cCd_Rk9HHEtjDYb_mGKYBR-68Y-Dqe1IuPMHQg_E/copy) + +&#x200B; + +This spreadsheet can be used by those just starting and those far along. It will enable you to do things such as budget, track your income, determine your savings rate, project your safe withdrawal rate, view how much of your debt payments go towards principal, quantify your CoastFI numbers, calculate unrealized gains, determine proximity to goals and how you might need to adjust, quickly view metrics such as NW breakdown, asset allocation, and FI %, easily compare net income to expenses, show progress to each NW milestone, etc. + +Grey background means editable, black background means not editable. + +I recommend using the Fake Data Sheet as a reference alongside the instructions. This subreddit doesn't allow images within posts, so I'll link to images within the instructions as best as I can to make it easier to follow along. + +# Initial Setup + +First, if you’d like to start the spreadsheet on a date other than 1/1/2022, then adjust the cell at the top-left of the [*Net Worth* tab (cell *A5*)](https://i1.wp.com/bloomingfinances.com/wp-content/uploads/2022/01/image-17.png?resize=300%2C260&ssl=1). The Fake Data Spreadsheet starts on 1/1/2021, for example. + +In the *Dashboard* tab, your FIRE number is calculated as your yearly expenses divided by your withdrawal rate. If you have a FIRE number in mind that differs from that, input your FIRE number into [*Dashboard* cell *B8*](https://i0.wp.com/bloomingfinances.com/wp-content/uploads/2022/01/image-18.png?w=370&ssl=1). + +Next, in the *Net Worth* tab, if you had any balance in an account prior to the starting month of the spreadsheet, unhide [row 4 and in cells {B4 through K4} (B4:K4)](https://i2.wp.com/bloomingfinances.com/wp-content/uploads/2022/01/image-19.png?resize=768%2C382&ssl=1), enter the previous month’s account balances. Please refer to the [Fake Data spreadsheet](https://docs.google.com/spreadsheets/d/1kWHnihgmOHy6ZQ9K2oGWZ1lsiqCoP-UWo0Kj_YG4g1M/edit?usp=sharing) (comments located in *Net Worth* tab cells *C4* and *J4*) for a visual. Hide *row 4* once complete. + +This concludes the initial setup. Now let’s get into how to regularly use each tab. + +# Net Worth Tab Instructions + +[*Columns B:K*](https://i2.wp.com/bloomingfinances.com/wp-content/uploads/2022/01/image-20.png?resize=1536%2C235&ssl=1) are where you input each account’s end-of-month balance. *Columns* *L:T* are where you input contributions (Ctb), withdrawals, and debt payments (interest and principal) which occurred in that month. In *column AE*, input savings rate goals for each month. [All other columns](https://i0.wp.com/bloomingfinances.com/wp-content/uploads/2022/01/image-21.png?resize=1536%2C213&ssl=1) in this sheet will auto-calculate various metrics for you. If any columns are irrelevant to you, hide them or rename them. + +**Notes**: *Row 2* will show a sparkline (chart) of each column, and *row 3* will return the current month’s value. The *Asset Value* and *Asset Debt* columns are relevant to secured loans such as mortgages, while *Other Debt* is applicable to unsecured loans such as student loans or credit card debt. Month 1 of *Monthly Delta* will show a value of 0, and months 1 and 2 of *Delta %* will show a value of 0%. Deltas reflect the difference between the current and previous month. *SW Monthly* and *SW Yearly* will show how much you can safely withdraw based on your SWR given your portfolio value today. The *Gains* columns (*AL:AR*) are cumulative and do not subtract interest from monthly loan payments, nor do they include asset value gains. + +# In Tab + +At the end of the month, fill out [grey columns](https://i1.wp.com/bloomingfinances.com/wp-content/uploads/2022/01/image-22.png?resize=1536%2C438&ssl=1) using your paystubs, and feel free to use the ‘Other Income’ column to include anything outside of your regular job’s income such as gifts, reimbursements, tax refunds, stimulus checks, etc. *Row 3* will auto-calculate the current year’s summary of each column. If any columns are irrelevant to you, hide them or rename them. + +# Out Tab + +Input your [monthly budget](https://i0.wp.com/bloomingfinances.com/wp-content/uploads/2022/01/image-23.png?resize=1536%2C464&ssl=1) into *column B* for each month. The budgeted value will turn red if exceeded by spending. In *columns D:E*, input monthly expenses as they occur or at the end of each month. *Row 2* returns a running 6-month average, *row 3* returns a sparkline (chart), and *row 4* returns the current month’s spending. If any columns are irrelevant to you, hide them or rename them. + +# SWR Tab + +Input your date of birth in *F2* (so the spreadsheet can calculate your age, or just put your age in *C2*), input your preferred withdrawal rate in *H2*, input your desired retirement age in *J2*, input your stock and bond allocation in *K2:L2*, input your expectations for future average stock and bond growth in *M2:N2*. LeanFIRE is calculated as 80% of FIRE goal, and FatFIRE as 2x FIRE goal. If your Lean/Fat numbers differ from this valuation, alter cells *O2* and *Q2*. + +With *row 2*’s grey cells filled out, you can [read the tables](https://i0.wp.com/bloomingfinances.com/wp-content/uploads/2022/01/image-24.png?resize=1536%2C629&ssl=1). (Sorry to anyone who is red-green colorblind. All tables can be adjusted via conditional formatting!) + +The **table on the left**, using your annual contributions, current NW, withdrawal rate, current age, portfolio growth (*B4:J4*; 6% through 10%), and retirement age (*A5:A50*; age 24 through 69), will return your projected annual withdrawal. + +There are **three tables on the right**. The **first**, titled *Proximity to Coast to Desired NW at Desired Age*, will display how close you are to being able to coast to your LeanFIRE, FIRE, or FatFIRE goals if you were to stop contributing today and coast until the age on the left. If the % is over 100%, you’ve already achieved the desired NW at the age on the left if you stop contributing today. + +The **second table**, titled *Monthly Contributions to Reach Goal*, will show how much you need to contribute towards your NW monthly to reach each NW goal at the age on the left. If the number is negative, you could withdraw that amount each month starting today and still reach that goal. If it is green, you are already contributing that amount monthly. If it is mauve, it is higher than your monthly contributions. + +The **third table** on the far right, *Portfolio Value Needed to Coast Today*, will show what your portfolio value would have to be today in order to coast to each NW goal at each age. + +All tables on the SWR sheet update themselves automatically. Feel free to manually input a number into cell *G2* (annual contributions) if you don’t have 2021 filled out in the *Net Worth* tab. + +# Dashboard Tab + +When the *Net Worth*, *In*, *Out*, and *SWR* tabs are filled out, the dashboard [comes to life](https://i0.wp.com/bloomingfinances.com/wp-content/uploads/2022/01/Capture1.png?w=1120&ssl=1). + +In the top **left**, you’ll find the current date and a link back to this post. Below are a few handy metrics such as projected portfolio returns and your CoastFI number. You can change the “65” in cell *A9* to any age. Cells *A14:A15* calculate annual savings based on 2021, but you can adjust the year if you have prior data in the Net Worth tab, or adjust the year to 2022 if you don’t. The two tables below will show proximity to various NW goals based on total NW and based on just investments. + +The charts in the **middle** of the dashboard show, from left to right and top to bottom, a stacked bar graph of assets and debts by dollar amount, a stacked area chart to display the % each asset takes up of your total NW, your FI % over the months, a comparison of your net income and expenses, and a comparison of your savings rate and savings rate goal with a trendline. + +The table on the **right** calculates, based on your SWR and current NW, which expenses you can cover, and which you can’t yet, and how much in additional investments you’d need to cover the latter. These expense names were copied from the *Out* tab, so if you altered the *Out* tab, copy and transpose the renamed column headers into the dashboard cells *L3:L25*. The *M column* uses an annualized 6-month average, so if any of the expenses are irregular (e.g., annual expenses), you may want to manually adjust the *M column* to reflect their yearly costs. + +# Extras + +I’ve also thrown in an [amortization schedule](https://i1.wp.com/bloomingfinances.com/wp-content/uploads/2022/01/image-25.png?resize=1536%2C598&ssl=1) (designed for a 30-year mortgage but adjustable to fit your needs, be it a car loan or student loan, etc.). At the top, you can input your loan’s terms. On the right half of the spreadsheet, you can see what happens to the loan’s interest and length if you pay extra in a given month. At the very end of the spreadsheet is a free math section for taking notes or doing random calculations. + +Comments, critiques, and requests for help are welcome! + +&#x200B; + +Edit: I answer some FAQs in [this comment](https://www.reddit.com/r/financialindependence/comments/rwq9qw/comment/hre1c50/?utm_source=share&utm_medium=web2x&context=3). +I always see the guy who post high IV stocks, where tf he go? I always use that list to help me find stocks to do csp and cc's for. Its better than any website I can find. But if anyone has a website that does that please tell me. +Looks like Roth Conversions and Mega Backdoor could be going away, use impact to the FIRE community... + +--- + +House Democrats proposed a slew of changes to retirement accounts for the rich on Monday, part of a re-structuring of the tax code tied to a $3.5 trillion budget plan. + +Taken together, Democrats’ reforms aim to erode the use of retirement accounts as a perceived tax shelter for the wealthy and instead promote them as a way for low- and middle-income Americans to build a nest egg instead. + +Most of the changes would start in 2022. + +Wealthy individuals with retirement accounts exceeding $10 million would be prohibited from contributing extra savings and would have a new required minimum distribution each year, according to an outline of tax legislation unveiled Monday by the House Ways and Means Committee. +watch now +VIDEO03:23 +House Democrats propose corporate tax rate of 26.5% + +The bill would also repeal so-called Roth conversions in individual retirement accounts and 401(k)-type plans for those making more than $400,000 a year. It would also prevent savers from using the so-called “mega backdoor Roth” strategy, regardless of income level. + +Further, the legislation would prohibit individual retirement accounts from holding investments that require buyers to be accredited investors, a status generally reserved for wealthy investors. + +The proposals are part of a broader theme of raising taxes on those who earn more than $400,000 a year to help pay for education, climate, paid-leave, childcare and other measures while also making the tax code more equitable. + +They also follow Democrats’ outcry following a recent ProPublica report that Peter Thiel, a PayPal co-founder, owns a Roth IRA that had grown to $5 billion in 2019, up from less than $2,000 in 1999. + +“IRAs were designed to provide retirement security to middle-class families, not allow the super wealthy to avoid paying taxes,” Sen. Ron Wyden, D-Ore., chair of the Senate Finance Committee, said in July after a data release showing growth of “mega” IRAs. + +Democrats have narrow margins within which to pass a bill, which they aim to do with a simple majority via a budget reconciliation maneuver. + +Republicans remain staunchly opposed. Rep. Kevin Brady, R-Texas, and ranking member of the Ways and Means Committee, framed the spending as the “greatest expansion of the welfare state in our lifetimes” during a Thursday hearing, saying that it “wastes hard-earned tax dollars.” +Contribution limits + +Current law lets taxpayers make IRA contributions regardless of account size. + +However, the legislation would prohibit individuals from making more contributions to a Roth IRA or traditional IRA if the total value of their combined IRA and defined-contribution plan exceeds $10 million. (A defined-contribution plan is a 401(k) plan or other similar workplace savings plan.) + +The policy’s purpose would be “to avoid subsidizing retirement savings once account balances reach very high levels,” according to a proposal outline. + +That limit would apply to single taxpayers with more than $400,000 of taxable income. The threshold would be $450,000 for married taxpayers filing jointly and $425,000 for heads of household. +RMDs for “mega” IRAs + +Individuals whose combined traditional IRA, Roth IRA and defined-contribution retirement accounts exceed $10 million at year’s end would have to withdraw at least 50% of the excess the following year. + +Those with account totals exceeding $20 million must pull from Roth IRAs and 401(k) plans first. + +These new required minimum distributions for mega IRAs would only be required for savers whose taxable income exceeds the same thresholds identified above for the contribution limits. +Backdoor Roth + +There are income limits to contribute to Roth IRAs. In 2021, single taxpayers can’t add money to such accounts if their income exceeds $140,000. + +But current law allows for “backdoor” contributions to Roth IRAs. That can be achieved by converting a traditional IRA or Roth 401(k) account, which don’t carry income limits. (There are income limits that determine whether contributions to traditional IRAs are tax-deductible or not.) + +Savers pay tax on the conversions, but their future investment growth and retirement distributions are tax-free. + +The legislation would end the backdoor Roth IRA strategy by eliminating Roth conversions for both IRAs and workplace plans like 401(k) plans. + +The policy would apply at the same income thresholds listed above. It would count for distributions, transfers and contributions made in taxable years beginning after Dec. 31, 2031. +Mega backdoor Roth + +The so-called “mega backdoor Roth” strategy uses a similar principle to the backdoor Roth. + +The strategy lets high earners save up to $58,000 in a 401(k) plan — more than the traditional $19,500 contribution limit — using a type of after-tax 401(k) bucket. Savers then convert that savings to a Roth account, once again yielding the benefit of tax-free investment growth. + +Democrats’ legislation would end the mega-backdoor Roth by prohibiting all after-tax contributions in workplace plans and prohibiting after-tax IRA contributions from being converted to a Roth account. + +This policy would apply for everyone, regardless of income level. +Accredited investors + +Democrats’ legislation would disallow IRA investments that require the owner to have a minimum level of assets or income, or to have completed a minimum level of education or obtained a specific license or credential. + +This would apply, for example, to accredited investors seeking to buy a private investment. + +IRAs with these investments would lose their IRA status — meaning they’d lose their tax benefits. + +These rules would apply starting in 2022, but there’d be a two-year transition period for IRAs already holding these investments. +Our father Autist Michael Burry (Burry if you read that don't be offended, we mean it as a term of endearment. You are our hero). Has called the next crisis. He posted a book on twitter that I will link here. I have just finished reading the book: The dying of money. Here I will attempt to summarise why he says the end is nigh. + +I read the book so you didn't have to. + +&#x200B; + +Unfortunately I need to first explain some simple economics: but here goes... Most of you already know many of this stuff...you can skip a bit ahead. This first bit is for all the new retards we have recruited. + +&#x200B; + +In order to stimulate the economy, America, and other governments, by way of their Central banks ‘print money’. They do this by buying their own governments bonds in the open market. They sometimes, as during the COVID crisis, buy corporate debt too. They actually, literally, ‘buy’ this money with money they ‘digitally print’. That money comes from nowhere. (They add a liability and an asset to their balance sheet and boom- printed money). + +Their intention is to stimulate the economy by reducing interest rates. When you buy a bond, you push it’s price up, which then decreases it’s yield – if that relationship confuses you, here is an example. A 1-year bond is trading in the market at 98$ (this bond has a par value of 100$), so you can buy the bond at 98$ wait a year and receive 100$. A nice 2/98 = 2%\~ yield. + +Below, fed buys bonds, yields go lower. + +&#x200B; + +[Yields fall as government buys bonds.](https://preview.redd.it/k5c2gmio6ej61.png?width=554&format=png&auto=webp&s=f2519e2a3c5964b329dda0de9e05d03316876656) + +If interest rates go down, businesses borrow more money to invest, and jobs are created because investments create jobs. But, if an economy is running at 2% interest rates then even investments yielding a meagre 2.5% would be invested in, because they can earn the difference \~0.5%... + +**Why doesn’t the printing of money, by way of decreasing interest rates, cause inflation immediately?** Well, actually, it does. It creates inflation immediately in stock prices. The ‘printed’ money doesn’t go to your average citizen, it goes to corporations who sell their debt to the Central Bank. It goes to big investors who sell their government bonds back to the Central Bank because they can earn more in stocks this way. They are clever, they know a stock yielding even a stable 3% will earn them more than the current bond which only yields 2%. + +&#x200B; + +&#x200B; + +[Stonks go up when fed prints. Relationship is dumb simple.](https://preview.redd.it/xvtnb39w6ej61.png?width=553&format=png&auto=webp&s=093073729951c00917ffd9a974cb5974ba76c39b) + +&#x200B; + +# START READING HERE SMART AUTISTS!!!!!!!!! + +**When does printing become a problem?** + +The central bank looks at food prices, general household items, petrol prices, housing and other goods that the average you and me purchase almost every week. Bundle these together and call them CPI (Consumer price index) – inflation. Inflation in **certain** goods. + +Now let’s imagine a scenario. You have 100 people in an economy. 2 people are stinking rich and the rest get by fine but don’t have much extra to invest or save each month. They use their savings to purchase mediocre goods, a new bicycle, or a new TV. Why would they invest that extra $100, it’s too little a sum to have any affect, even in the long run, on their lives. + +Now we look at the rich, they already have the TV, the car, a wife and a girlfriend and maybe a few houses. Where does their extra savings go? Straight into stocks. And maybe a new car every so often. Fine-dining and other sorts of things which **are not in the CPI (consumer price index)** basket. + +&#x200B; + +**WATCH THIS:** + +Mr Central banker comes along and prints an extra $1000. Give this money to the Rich man what will he do? He already has the car; he already has the houses. He will invest it straight into the market. Bam! Stock market inflation, stock market goes up. This is what has been happening since 2008 (you will see a graph further below that displays this process). + +The extra 1000$ does not affect the CPI basket…The rich man is not going to suddenly eat twice as much or buy 10 more TV’s. The “stimulus” money from the Central bank inflates only the stock market. + +Give this 1000$ to the poor-normal man, what will he do? He may treat his wife to dinner, buy his kid a bicycle that he couldn’t afford. Fill up his truck. Pay his rent. It is not that he is wrong to do this, this is most likely his best option. A meagre 1000$ in the stock market will have no effect on his life, even in the long term. + +The point here, is that Central Bank ‘Printing’ does cause inflation, it causes inflation immediately in the stock market- because that’s where the money goes. Only when that money ‘spills’ into public hands (Think stimulus checks) does inflation in the ‘CPI’ sense of the word, unveil itself. + +**Inflation becomes a problem.** + +Inflation becomes a problem when it isn’t accompanied by its good friend economic growth. Inflation, has an interesting effect of raising bond yields. Investors don’t want 2% bond yield if inflation is at 3%. So, they simple do this- they don’t buy bonds. What happens when someone doesn’t want to buy your house? You lower the price. No one is buying bonds? Bond prices go lower, and therefore yields rise. – Remember if no one buys the bond the prices go from 98$ to 95$ (supply demand). At the end of the bond’s life, you get 100$, so the yield rises as the price falls. + +**The inflation problem occurs** when the average man got his hands on some of that sweet government money. The poor man was able to effect CPI because he will actually purchase goods in the CPI basket. Give every poor man in America 1000$ they will go out and buy from a limited supply of goods. A limited supply of goods, supply demand and prices rise. Inflation – CPI. + +&#x200B; + +**What do we do?** + +There are basically only two outcomes to this scenario: + +1. If inflation in CPI, caused by the average American’s stimulus check, opening of the economy, increasing oil and commodity prices, gathers momentum, it will finally unleash the latent inflation potential of America. Everyone who holds dollars, or dollar denominated debt – meaning every single country. Will pay for America’s inflationary sins. Fortunately, poorer countries who are indebted to America should actually benefit from this. + +Under this scenario inflation will need to increase by this much (look at red line in graph): + +&#x200B; + +&#x200B; + +[The red gap is the inflationary potential- The inflation that has not yet been realised but it does exist and needs to be realised eventually](https://preview.redd.it/zp2yb1r57ej61.png?width=463&format=png&auto=webp&s=3ab58d80429b169749c0d3b868007983fb5889f5) + +You can see that in 2008 the Central government began its shenanigans. In a stable economy, money supply should increase sort of in line with GDP. As you can see above money supply has increased far more than that. That gap, indicated by the red line, is inflationary potential. It now basically just sits in stocks. + +Under this scenario, by my calculations, money supply needs to come back down to real GDP. The Central Bank won’t do this. They won’t tighten. That would hurt too much. But the naturally forces of inflation will do it for them. And prices in the economy will inflate to catch up with the money supply. + +2) Scenario 2: A highly probable outcome: Japanification. + +Japan has been doing QE for a much longer time than America. The reason why they haven’t blown up in an atomic bomb of inflation is because this money never reached the hands of the middle class or the poor. So that inflation couldn’t occur in CPI. + +However, inflation did occur everywhere where the rich were. As it was them who had more access to this money. + +America’s Central Bank could, by way of printing even more money, buy more bonds and push down yields. They could let inflation run for a little while and hope it doesn’t gain momentum. If inflation gains real momentum, which it could because they are giving money to the middle and lower classes, then they cannot follow Japans lead. If inflation remains muted and low. The real issues of wealth inequality will only persist and worsen. + +&#x200B; + +It is not to say that the managers of these governments are inherently sinister in their motives to conduct QE, which disproportionately benefits the rich. It may just be the only way they know. And by human nature people would rather be instantly gratified, leaving future generations to pay for inflationary sins. + +&#x200B; + +**What happens in scenario 1 summary:** + +Inflation goes out of control (CPI inflation, stock inflation has already had its turn). Yields rise, Central Bank get’s spooked and tries to raise rates a little. Economy tanks due to raised rates. 6 months later or maybe a year later and the currency has found equilibrium by depreciating around 70% relative to the price of real goods- not relative to the price of other currencies. Or the currency has found equilibrium because they removed that money from the system-highly unlikely. + +Stocks fall because yields rose. And everyone has the next best opportunity to invest into the stock market. + +&#x200B; + +**What happens in scenario 2 summary:** + +Inflation rises a bit due to stimulus checks. Central bank remains unconvinced that inflation will gain momentum. If inflation does not gain momentum the Central Bank will continue to print until they see GDP growth. Stocks go up but until the wealth gap is too extreme and a revolution takes place. This could take 10 years or 100 years. + +&#x200B; + +&#x200B; + +[Inflation only becomes a problem when the poor get to buy normal goods that exist in the CPI.](https://preview.redd.it/soxtt7dm7ej61.png?width=602&format=png&auto=webp&s=247b3ccb7cb0c36c3a51064517ae66099b86ab80) + +&#x200B; + +TL:DR - You don't deserve to benefit in this crash. It is a well known secret that the real autists on this forum can read, and read well. + +&#x200B; + +One more thing- Warren Buffett, and Michael Burry, both filed their 13-F recently. They are holding a LOT of inflation hedged stocks. Telecommunications, real estate, consumer goods. + +&#x200B; + +[https://recision.files.wordpress.com/2010/12/jens-parsson-dying-of-money-24.pdf](https://recision.files.wordpress.com/2010/12/jens-parsson-dying-of-money-24.pdf) The book he posted. Read it, it's bloody enlightening. May even cure your autism. + +I see you dudes like this post, I'll write more here [https://cookiesforbrainscd1.substack.com/0237b307](https://cookiesforbrainscd1.substack.com/0237b307) +I am relatively new to having a substantial amount of discretionary funds, and I find myself wanting to treat my friends more. This usually just involves paying for some shared expenses in full (e.g. meals out, ride-sharing, Airbnb, etc.). I think part of this is because I don't know what else to spend my money on, and I want them to enjoy the experience without worrying about the expense. And, of course, it does feels good to do something nice for the people I care about. + +However, I'm worried that this might start to feel patronizing or uncomfortable for my friends. I don't want this generosity to come across as showing off my wealth. Trying to balance this is always on my mind. + +So I'm curious, what was your most generous act with your friends (non-family members)? And how did you do it in a way that was not obnoxious or patronizing? Or maybe it was? +Hello Guys!! + +As the market is down by 10-15% today. +As trading comes with its own risk nearly $740M got liquidated in 24 hours. + +In the past 24 hours , 200k traders were liquidated. + + +* BTC : $255M +* ETH: $187M +* LTC: $23M +* SOL: $23M +* DOT: $21M +* XRP: $18M +* DOGE: $16M +* ADA: $11M + +This dip might cause huge loss to the bulls. If you were one of them I am sorry for your loss. Keep your hopes high and be careful with your next step. +If you are new to the crypto it is best to avoid trading and buy & hodl the coin. + + +#Update: Now its $874M in 24 hours + +Edit: + +Exchange Liquidation + +* Binance: 328M +* Okex: 204M +* FTX: 141M +* Bybit: 68M +* Huobi: 43M +* Deribit: 39M +* Bitmex: 36M + + +Source: coinglass +There are a variety of programs in the bill to support small businesses (under 500 employees), but by far the most generous one is the Paycheck Protection Program. The PPP can cover 2 months of your payroll and a little more. + +It's structured as a SBA loan through banks, but it turns in to a grant so long as you use the money for payroll, health insurance premiums, office rent/mortgage. + +Details here: + +https://www.sba.gov/funding-programs/loans/paycheck-protection-program + +This is a good summary: + +https://www.uschamber.com/sites/default/files/023595_comm_corona_virus_smallbiz_loan_final.pdf + +Stephen Nelson is doing good work on this at the link below. (He's the same CPA who was the first to spell out the new pass-through tax law a couple years ago.) + +https://evergreensmallbusiness.com + +The $350 billion for these programs is not enough to go around, so you must act quickly. + +I don't know of any bank that has an application ready. But US Bank does have a sign-up list, so I recommend signing up there so at least you are early in line at one bank. + +https://apply.usbank.com/applications/business/InquiryForm + +This would be a good place for us to share insights on the program, and especially on banks that have applications ready to go. + +UPDATE: + +Folks, it seems optimal to apply for the EIDL ASAP, because there's a free $10K available that's forgivable. + +The application is up, at the top of the page at sba.gov. Only $10 billion is allocated for this, whereas $350 billion for the PPP. So the EIDL money is going to run out FAST. Apply today. + +The $10K grant from the EIDL cannot count for the same uses as the PPP. So at worst, it's a wash. But you can get the $10K in your bank account relatively quickly, while the PPP process may take weeks. + +PPP is still the bigger forgivable sum, with up to $10M forgivable vs. $10K with the EIDL. (And note that EIDL amounts over $10K are not forgivable). + +TLDR: Apply for the $10K EIDL grant ASAP today, and get in line for the PPP as soon as you can. + +UPDATE 2: + +There's now an official page with a link to the PPP application form here: + +https://home.treasury.gov/policy-issues/top-priorities/cares-act/assistance-for-small-businesses +It seemed to be a highly popular platform having boatloads of users. To me, it looked like a success and I would be happy to kill Trump to create a widely-used platform like that. +Why did it decide to shut down? Was it losing money that bad? + +--------------- +December 16, 2020, 12:01 AM EST Corrected December 16, 2020, 4:29 PM EST +relates to A Crowdsourced Quant Fund Fizzles in Era of Democratized Trading +PHOTOGRAPHER: ILLUSTRATION BY PETE SHARP + +In an Italian town about 120 miles northeast of Rome, Emiliano Fraticelli spends half his day teaching computer science at a local high school and the other half pursuing a dream he once considered lost to him forever: quantitative trading. He creates computer algorithms that scour market data and make trades based on those patterns. + +That’s the kind of thing typically done by professionals working for hedge funds, with sophisticated computers and data feeds at their disposal. Fraticelli, 34, who still lives in his hometown in Teramo, Abruzzo, nestled between mountain ranges and the Adriatic Sea, decided he couldn’t leave his elderly parents to pursue an investing career. “I wanted to have some exposure to this quant world, but I wanted it to be remote,” he says. Then he discovered Quantopian, a Boston-based startup with a free online platform for developing and testing algorithmic strategies. + +Quantopian, backed by hedge fund billionaire Steve Cohen and venture capital firm Andreessen Horowitz, was trying to crowdsource great investing ideas. (Bloomberg LP, which owns Bloomberg Businessweek, is an investor in Andreessen Horowitz.) It gave Fraticelli and 300,000 other users a way to try their hand at computerized trading. Those whose programs survived a meticulous screening could have them included in a hedge fund Quantopian ran, and get a cut of their strategies’ profits. The website also hosted contests that gave cash to the top performers. Fraticelli says he won a few thousand dollars. + +But now he and his fellow Quantopian users are hunting for an alternative to keep their ambitions alive. In late October, the company announced it was shutting down. A few weeks later, Quantopian Chief Executive Officer John Fawcett announced that he, his co-founder, and other employees were going to work at the retail brokerage Robinhood Markets Inc. + +To some pros, the end of Quantopian was inevitable. Could amateurs really figure out anything they couldn’t? Even high-priced hedge fund managers are struggling to outwit the market these days. “If you needed surgery done in a hospital next week, would you let someone who’s just read books on medicine do it?” asks Mathew Burkitt, a veteran trader and quant who shut his own hedge fund four years ago. + +Quantopian’s bet was that this kind of elitism might give it a competitive edge. By offering everyone on the internet free access to data, tutorials, and tools, it sought to beat the army of Ivy League Ph.D.s by picking the best quant strategies from the world’s untapped geniuses. It was the wisdom of the crowds, applied to the nerdiest corner of Wall Street—radical, sure, but a logical extension of a burgeoning gig economy and a tech revolution that was opening up access to ever-deeper market data. + +The startup, which was launched in 2011, also tried to make money by selling an enterprise version of its online platform to financial firms. But that never really took off, and it was mainly banking on its hedge fund to succeed, according to people familiar with the matter who spoke on the condition of anonymity. The firm had about $50 million in venture funding, according to Crunchbase. Cohen himself committed as much as $250 million to be managed by the firm. + +The fund stopped trading at the start of 2020. In an interview with the Boston Business Journal, Fawcett said the fund had underperformed. He didn’t respond to messages seeking comment. A spokesperson for Robinhood says he and the team from Quantopian will help enhance the information resources available to its customers. + +There’s an irony to Quantopian’s people moving to Robinhood. That company’s commission-free trading app has become a phenomenon that’s pulled young retail investors into a booming bull market. One take on Quantopian’s failure is that it’s a lesson in humility for novices hoping to go toe-to-toe with professional traders. + +Another is that running a successful hedge fund is much more than amassing trading ideas. Quants perform sophisticated analysis on huge amounts of data to find potentially lasting patterns, and then have to turn those insights into workable trading strategies. Quantopian gave users the tools to hunt for patterns—like the relationship between a stock’s social media mentions and its performance. The next step was putting them together in a profitable way, and that proved difficult. + +The platform allowed its users to try almost any strategy. This led to more than 12 million so-called backtests on the platform, in which hypothetical strategies were run against historical data to see if they’d work. But the fund was limited to using a subset of strategies that fit with its particular investing style. Also, many of the users’ strategies were not scalable, meaning that not much money could be invested in them, according to a person familiar with the matter. + +Karl Rogers, the founder of hedge fund consulting firm ACE Capital Investments, learned quant trading himself on Quantopian. But he says there just wasn’t enough skill out there for the fund to take advantage of. They were “getting people who just want to learn trading signals or people who don’t do this on a full-time basis and they’re competing with people who do this on a full-time basis,” he says. + +“To find positive returns that beat the market and to have to find it in a very specific way makes the problem even harder,” says Jared Broad, founder of rival platform QuantConnect, which makes money by selling its product to financial institutions and running a marketplace where users can offer their algo strategies to anyone who wants to buy them. Crowdsourcing also lives on at other platforms. Numerai, which rewards its users with its own cryptocurrency token, probably comes the closest to Quantopian’s vision. + +Professional investors can’t gloat too much, because hedge funds in general are hurting. They’ve lagged the S&P 500 by 62 percentage points over five years, Hedge Fund Research data show. And quant investing in general is full of pitfalls. One is that backtesting can unearth a lot of random signals that don’t have anything to do with why a stock went up or down—they might appear to have predicted moves in the past but won’t in the future. As the availability of data makes it easier to try out hypothetical strategies, investors tend to pick up more of this noise. In a 2016 paper, four Quantopian employees found that the more backtesting a quant did, the bigger the gap between the reported results and the real-world returns. + +All quant investors are racing against a market in which the best strategies quickly become open secrets. The democratization of technology and data makes it easier for people to get started in quant investing, says David Khabie-Zeitoune, chief executive officer at GSA Capital, a $4 billion quant hedge fund. “But against that you have a stronger force, which is that there are so many people trying to do this,” he says. “It has never been as ferociously competitive in quant markets.” + +James Veitch, a 20-year-old computer science student, hopes to one day join the competition, and he will have Quantopian to thank. The intern at hedge fund Balyasny Asset Management says he first learned to code by editing other people’s work on Quantopian and ran more than 30,000 backtests over four years. Already, he has mastered the ageless rule of hedge funds: Asked about some of his successful trading ideas, he declined to elaborate. Amateurs can crowdsource. Pros keep it to themselves. +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! + +They are all the same: "Is so and so legit?" or "Is trading as easy as this instagram guru says?" + +The answer is simple: they are marketers, not traders.. you will likely just be sold something. That's how they make money. Any decent trader isn't putting time into growing instragram followers and selling signals. + +I've added a few keywords to the automod config to help filter these out going forward because a lot of n00bs don't bother reading stickied posts or the sidebar. +[https://www.cnbc.com/2018/09/04/amazon-hits-1-trillion-in-market-value.html](https://www.cnbc.com/2018/09/04/amazon-hits-1-trillion-in-market-value.html) +I just wanted to see if how things went today is usual. It's been about 15 years since I actually bought a car myself and did the talking. + +I turn up to the dealer. Decide on a brand new car. I have cash. Ask for their best offer if I'm paying cash (can pay today). I was told to tell them how much I have to spend then they will tell me their lowest price. They won't tell me this until I tell them how much I have to spend. + +Decide on the alternate used car. Email the sales person later to say what's the best offer on that one. The reply was " the price on it is $x" which was the same as the sticker but I should let them know how much I can spend. + +Is buying a car now based on the buyers offer? I feel like I wasted my time there because they wouldn't just name a price. + +Edit... am female and had my kids because it's school holidays. +As the title stated, I'm currently a second year medical student. I had to pay my way through college without any family assistance, which meant that I had to take out student loans from the government. I entered college in fall 2004. During my junior year I decided to go into medicine after two 2.0 semesters, because of course. I switched degrees and doubled majored to boost my GPA, which required me to take a 5th year of classes. During one of my senior years I was financially broke (despite working two minimum wage PT jobs) and mistakenly took out a private "Tuition Answer" loan from Sallie Mae for $15,900. My credit score was low 500's and my grandmother had to cosign (she was the only one in my family that was willing and the only one with a good enough credit score). She passed away exactly one month after I received the loan. I graduated in spring 2009 with two degrees. + +Anywho, after college I worked for two years ($10/hr) before going to grad school to get my Master's degree, starting in fall 2011 (literally had 1 cent in my bank account after applying). I took out a Grad Plus loan during my first year. The second year I paid tuition mostly through a small inheritance that my father left me (he passed during my first year of grad school), but that money dried up as soon as I was done with grad school in September 2013. I moved back home and did research for another year (making only $17/hr). I made payments to my loans before and after grad school as best as I could, but didn't make a dent whatsoever. I consolidated my government loans at one point, but I'm not sure when (I believe it was before grad school). +I started med school in July 2014, having to take out federal loans and more Grad Plus loans to survive. I had to briefly step away during my spring 2016 semester to address some family issues, and because of that am retaking my second year (although I'm academically fine). + +Last week I started getting call from Navient. Apparently I have to start making payments on my Tuition Answer loan and I am already two months behind. They had been sending letters to my grandmother's old house, but not mine... which was kinda pointless as my address was updated in the system and my grandmother has been deceased for 8.5 years now. I told them I was in school, but apparently I had maxed out on monthly in-school deferments. I also only have one month left on forbearance (which I mistakenly liberally used right after college). This loan was originally $15,900... but it has had a 10% variable interest and the total balance is now $29,919.66, almost double the original amount. My payments will have to be $291.06 monthly. + +Here are all of my loans: + + + + +Loan | Disbursement Date--Original Principal | Interest Rate/Type | Current Balance | Unpaid Principal/Interest +-----|-------------------------------------|--------------------|---------------|------------------------- +1-01 DL Consolidated-Subsidized | 7/6/10--$10,156.35 | 5.5%/Fixed | $10,902.14 | $10,841.74/$60.40 +1-02 DL Consolidated-Unubsidized | 7/6/10--$17,943.31 | 5.5%/Fixed | $24,770.28 | $21,446.96/$3,323.32 +1-03 Direct Loan - Subsidized | 8/28/11--$8,500.00 | 6.8%/Fixed | $8,549.06 | $8,500.00/$49.06 +1-04 Direct Loan - Unsubsidized | 8/28/11--$12,000.00 | 6.8%/Fixed | $16,494.23 | $13,855.41/ $2,638.82 +1-05 Direct Grad PLUS | 8/28/11--$40,000.00 | 7.9%/Fixed | $57,627.38 | $47,228.41/ $10,398.97 +1-08 Direct Grad PLUS | 08/25/2014--$10,520.00 | 7.21%/Fixed | $12,099.35 | $10,520.00/ $1,579.35 +1-09 Direct Grad PLUS | 11/05/2014-- $1,361.00 | 7.21%/Fixed | $1,563.86 | $1,361.00/ $202.86 +1-12 Direct Grad PLUS | 11/04/2015-- $7,359.00 | 6.84%/Fixed | $7,897.83 | $7,359.00/ $538.83 +1-06 Direct Loan - Unsubsidized | 07/21/2014-- $20,500.00 | 6.21%/Fixed | $23,211.65 | $20,500.00/ $2,711.65 +1-07 Direct Loan - Unsubsidized | 07/21/2014-- $20,000.00 | 6.21%/Fixed | $22,645.48 | $20,000.00/ $2,645.48 +1-10 Direct Loan - Unsubsidized | 08/12/2015-- $20,500.00 | 5.840%/Fixed | $21,830.77 | $20,500.00/ $1,330.77 +1-11 Direct Loan - Unsubsidized | 08/12/2015-- $18,634.00 | 5.840%/Fixed | $19,858.70 | $18,634.00/ $1,224.70 +1-13 Direct Loan - Unsubsidized | 07/26/2016-- $10,000.00 | 5.310%/Fixed | $10,183.18 | $10,000.00/$183.18 +1-14 Direct Loan - Unsubsidized | 07/26/2016-- $10,250.00 | 5.310%/Fixed | $10,437.74 | $10,250.00/$187.74 +1-15 Direct Grad PLUS | 08/10/2016-- $9,478.00 | 6.310%/Fixed | $9,659.75 | $9,659.75/$181.75 +COL11A Endowment Loan (through undergraduate school) | $5,306.50 | 5.00% | $2,870.64 | $3,097.88 (payoff amount) +Tuition Answer (Private Loan -Sallie Mae) | 02/07/2008-- $15,900.00 | 10.0%/Variable (Interest Rate Reduction, Disqualified) | $29,919.66 | $29,258.79/ $631.71/$29.16 (late fee) + +Total Balance: $290,521.70. + +I have 2.5 years left of medical school, so even more loans will have to be taken out. My credit score is in the high 600's/low 700's. I have desperately applied for scholarships but to no avail (I'm hoping for my 4th year I will be granted a scholarship that will erase all of my medical school loans in return for 5 years of practicing rural medicine). +I don't think that I can make these additional payments in addition to my present living expenses (rent, phone, study materials, food, etc.). On top of all of this, I'm quite certain that my mother took out Parent Plus loans during my freshman year of college that she has never made payments on. + +So yeah... I now am being told I have to make payments on one loan while living off of other loans. I'm looking to be around $450,000 (rough estimate) in debt upon graduating medical school in May 2019. I'm desperately fearful of what lies ahead. I'm in my early 30's and doubt that I will be able to have any financial security or be able to start a family within the next 20 years. + +I have no idea what to do, both handling the current situation and the future situation. Please help. + +I’m sitting here looking at a YouTube video on retirement like I sometimes do and realized something. The needs to save for retirement and college savings are very important. Logic stats to start saving for retirement early in our 20s to allow compound interest to grow it to over a million by age 65. Once we have kids we generally have 18 years to simultaneously save for both our retirement and their future college expenses. Instead of our parents savings both of these expense, why don’t the grandparents in their retirement start a retirement fund (a custodial brokerage account and then an Roth IRA once they start making income) for their grandchildren when they are born or at least prior to age 10. A fund that holds 15k for 55 years at 8% amassed over $1m to the child. That child could go throughout life never having to save for their retirement or saving very little if they want more than $1m. Their parents would only have to save for the kids college fund. It’s so much cheaper to save for college than retirement. Here’s where things get fun. This child who has their retirement funded by their grandparents has to save for their children’s college and then can utilize all of their would be retirement savings to enjoy life. This would probably make house savings easier also. + +TLDR: If grandparents placed $15k into a custodial brokerage account (then a Roth when kids starts making income) for their grandchildren, that child would have $1m at retirement without ever saving. +This 100% community-driven project is nearly 1 month old. I'm convinced this is your chance for insane profits. Let me start with some beautiful stats: + +1. 120k+ holders +2. 35Mill MC +3. 25k+ members in their Telegram group +4. 30k+ Twitter followers, millions of Tweet impressions