diff --git "a/reddit_finance_43_250k_84.txt" "b/reddit_finance_43_250k_84.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_84.txt" @@ -0,0 +1,10000 @@ + + + +Thank you for coming to my TED Talk. + +None of this is financial advice. +My friend found this investment group called ReLion Asset Management and he's already put $4000 into the "firm". They guarantee at least 1% every day and sure enough he's shown me the multiple deposits of $40 in his account. He also has successfully withdrawn and deposited the "returns" back into his personal account. Both times he attempted it, it was very straightforward and reasonable times to withdraw. Now that it's worked he of course is reinvesting his returns. + +Am I misunderstanding or is this company guaranteeing 365% returns every year? I'm a complete investment newbie so I might be misunderstanding, but is that not absolutely insane? I of course have googled the company and I'm not finding anything explicitly saying they're a scam but I'm also not sure how to legitimize them either. + +How can you definitively legitimize a financial institution or investment group anyways? + +He also sent me their verification documents which appears to be a badly photoshopped SEC filing, but again I don't know enough to recognize a legitimate or fake one. If someone tells me how, I can post the pictures. + +Edit: thanks for everyone's insight! I appreciate those who are actually trying to educate rather than pass judgment. It's clearly a scam simply due to the guaranteed high rate of return. I'll forward this on to my friend and we'll try to alert the appropriate authorities + +Edit2: my friend was very receptive to my feedback and is now reporting the scheme to the appropriate authorities and is attempting to pull out all his "investment". Fingers crossed +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. +- **For more focused and orderly discussion, please go to the [Serious] Daily Markets Discussion thread. You can find it by [clicking here](https://www.reddit.com/r/ethtrader/search?q=%5BSerious%5D+Daily+Markets+Discussion+thread&restrict_sr=on&sort=new&t=all) and choosing the top thread on the search page.** + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +Was watching a YouTube video where a guy says he mandated his employees to come in when a blizzard was occurring and people said he was being ridiculous because it was a fast food place and no one needed that service. And of course, people said this is why people are so lazy now and that they're "soft". This was after watching a video on amusement park ride mishaps and how often poor training and poor staff is responsible to which comments argued teens should not be in charge of such things...Which I agree but guess what? It's a minimum wage job in the sweltering heat with likely few benefits. + +So then I decided to actually calculate what someone working 40 hours a week at $7.25 would make monthly and it's a whopping $1160 BEFORE taxes. Even if you get $900 of that and somehow only pay $450 in rent and utilities, does anyone not see how insane that is? Kids aren't working these jobs because they can flip shoes for more than that a month. No adult can comfortably live and save on $7.25 an hour. We constantly think that fast food is only minimum wage but EMTs make around minimum wage with just B training in some places. CNAs make close to minimum wage. + +At this point, no one should be shocked people in minimum wage jobs don't put in 2 weeks notices and stuff like that. Even if you believe that only kids should be working to make that money, that's a damn insult to a kid. They could make at least $10/hr mowing grass, babysitting, etc. +I filed for bankruptcy on Friday. I guess [I'm near the start of the wave.](https://www.bnnbloomberg.ca/debt-professionals-brace-for-wave-of-insolvencies-as-virus-outbreak-hits-1.1408487) + +I made a lot of stupid mistakes with my finances. I never learned how to budget, it wasn't something my family did. + +I went from earning $30k/year to $62.5k/year (plus bonuses) in 7 years. What's a guy who makes over $60k a year doing subscribed to r/povertyfinance ? + +During the same time period my credit card limits increased a lot (Edit: Limits totaled up to over $35,000). My line of credit went from $5000, to $10,000 to $20,000 to $30,000. I spent money faster than it was coming in, and I didn't care because the next pay, or the tax return, or some imaginary future money was going to take care of the problem for me. My increased income kept pace with my increased debts and the monthly interest payments. In reality I had very little money, and always felt financially squeezed. + +I bought people Christmas gifts without concern about budget. Why try to come up with a special thoughtful reasonably priced gift when you can just spend more money? [I guess I went with the Michael Scott philosophy.](https://youtu.be/Z_EJY-qHjpM) + +I ordered from Skip The Dishes and Doordash constantly. I never tried to save money on groceries. I bought whatever new electronics I wanted. I got a bad deal on a car loan because my credit score was crap (utilization ratio was too high). + +I made some pretty weak attempts at paying off my debts. Shifted things around to a 0% introductory offer on a credit card. Tried the debt payment snowball method. Tried to get a debt consolidation loan from my largest creditor. Put half my tax refund dollars into lump sum debt payments. + +But I was an idiot and spent it all again anyway. + +And a couple years ago my income dropped by about $10,000 a year. And the bonuses stopped. + +All of a sudden on average I was making $833 less per month in salary, and I lost about $3000 per quarter in after tax bonuses. + +That's a lot of money when you're paying over $1000 a month in just debt service. + +My temporary layoff from work wasn't the straw that broke the camel's back. It was more like adding a lot of fuel to something that's already burning out of control. + +I figured bankruptcy was coming for a while. And Corona just sped up the process. + +I know I'm going to catch a lot of downvotes and hate for this. I know a lot of people will shame me for not taking responsibility for repaying my debts. + +But it was starting to have an effect on my health. I wasn't sleeping because I was worried about money. I filled up my voicemail on purpose so I couldn't get any more voicemails from debt collectors. + +I screwed up. + +Now that the paperwork is filed I honestly feel a lot better. I get a second chance. + +And the more I read about it why is it possible for the executives of Sears, and Toys R Us, and Remington and, Bear Stearns to make millions while their companies go bankrupt? Why do rich business owners treat bankruptcy like a tool, where they'll go bankrupt multiple times before hitting a good idea. Trump filed for corporate insolvency 4 times, and was still considered to be successful (I'm not here to argue about US politics, I'm Canadian and I don't care). + +[This video](https://youtu.be/Z-bGWIumK4o) came up in my YouTube suggested videos. I guess my google searches for bankruptcy and financial advice bled into the YouTube algorithm. This also made me feel better about my choice. + +So in the space of a day I went from feeling low, and feeling uncertain and nervous and scared to feeling refreshed. I feel like I'm looking at a new blank piece of paper. + +I won't make the same mistakes again. I'm using YNAB to track everything. No more credit cards. No more loans. Cash, or I can't have it. So - any tips from the redditors of r/povertyfinance on living within your means? + +If you got this far, thanks for letting me vent. + + +Edit: I was writing a response to a downvoted comment that now appears to be deleted, so I'll put my response here: + + +"I get your anger. I was of the same opinion for a long time, which is why I didn't like myself for a long time. I was outwardly successful, an organized leader, someone people came to for advice, someone people wanted to work with. + +But on the inside I was a guy who had been making poor financial and life decisions for a long time. On the inside I wasn't the same person I appeared to be on the outside. + +I don't feel good about making bad choices. But I am appreciative that there is a legal way out of it. + +Have you ever dried to dig a hole in dry sand? After every shovelful taken out more sand slides into the hole you left behind. Pick up extra shifts? Car needs $1200 in repairs. Have a good month and make a little extra money? Need new shoes for work because the last pair have holes in them now. + +Yes - completely my fault. I should have known better. But I didn't. + +I know better now, and will never be in the same situation again." + +Got sick of reading all the surface-level reports on Evergrande and their debt holders. So I've put together a bit of digging. It's rly hard to find in-depth info on this company. So pls if you find some more missing pls drop it in the comments. Hope you enjoy. Ive posted my highlights but this is a long-haul read. + +# What is Evergrande Group? Highlights + +The Evergrande Group is a Chinese holdings company best known for property development. The group sells apartments to upper and middle-income customers. The group has a diversified series of businesses that operate across eight different industries. The sheer size makes them China’s second-biggest developer and Evergrande alone accounts for 2% of China’s GDP + +Evergrande’s massive scale of operations has landed them 122nd on the Fortune 500 Global list.  Currently, the total assets of Evergrande Group have reached RMB 2.3 trillion (355.6 Billion USD), and the group has annual sales exceeded RMB 700 billion (108.25 Billion USD). This makes them 122nd largest in terms of revenue in the world. + +Evergrande is a significant portion of the Chinese Real Estate Sector, comprising 1.13% of the total market cap. + +**The Rise and Fall of China’s Real Estate** + +The Chinese Real Estate market has been unrivaled over the past decade, reaching new heights and delivering a breathtaking 98% Annualised average growth rate since 1997. + +The China property boom has been encouraged by fiscal policy and catalyzed by relaxed lending and ghost town constructions. + +https://preview.redd.it/j8ja05c7dfq71.png?width=831&format=png&auto=webp&s=2e57474aefaa7e804b88d4bcfb2dbce88a671539 + +We have seen developers borrowing billions creating [ghost towns](https://www.abc.net.au/news/2018-06-27/china-ghost-cities-show-growth-driven-by-debt/9912186) of apartments, supported by the bank’s constant lending and the government’s relaxed lending policies. + +China’s slowing economy amidst the COVID recession has pushed the crisis into the light as more and more borrowers defaulting on their loans. As a result of China’s ever-inflating [property bubble](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/chinese-banks-seen-withstanding-rising-household-defaults-58028071), there has been stricter ruling for property developers such as China’s Evergrande Group. Developers are now forced to rein in their oversized debt to more manageable levels + +This initiative is there to protect China’s property market, but with giants like Evergrande being pushed into the spotlight now, it may be a little too late. + +**What is Evergrande? Group Segments** + +* **Evergrande Real Estate** + +The Evergrande Group has been making headlines around the world following its astronomical debt crisis. This problem stems from the groups Real Estate subsidiary. + +With over 1,300 projects across China, Evergrande Real Estate is the key contributor to the Evergrande group. Their Real Estate arm is a forerunner in Chinese property providing housing for more than 12 million proprietors. + +**How does the Evergrande Real Estate Business Work?** + +Evergrande has an extensive history of financing and running its colossal expansion through debt, which in part lead to the rise and fall of the Evergrande empire. The group would snap up land all over China, often paying well above market price to secure land and finance its projects with debt. + +Evergrande had easy access to debt facilities from its extensive relationships with the state’s banks, including ownership in some of China’s banks. The group would also raise billions of dollars through bonds. Evergrande would then take deposits from potential buyers and begin constructing massive apartments. + +Evergrande sold a large number of its bonds to funds such as UBS and Blackrock. Through using the revenue from previous constructions the group would rapidly begin new projects and expansions, all funded through debt. This cycle continued for years as Evergrande build a massive empire build on debt. As long as new money kept coming in and the Chinese property bubble continued, Evergrande could continue to amass its projects. + +With the rising concern of China’s real estate bubble, the CCP *(Chinese Communist Party)* began regulating the sector heavily to avoid a burst. This eventually led to the fall of Evergrande’s projects. + +* **Evergrande New Energy Auto** + +China’s Evergrande New Energy Auto also comes under the Evergrande Group banner. This business is separated listed as China Evergrande New Energy Vehicle Group Ltd 0708:HKE. + +Evergrande New Energy Auto is an electric vehicle company that has designed 14 vehicle models, with nine so far available to the public under the Hengchi badge. The group has the ambitious goal of achieving an annual production and sales of 1 million vehicles by 2025 and 5 million by 2035 to become the world’s largest and strongest new energy automotive group. + +In reality, the group hasn’t sold a single car yet, meanwhile, tesla saw the production of over half a million vehicles in 2020. + +* **Evergrande Propety Services** + +Evergrande Property Services much like their Electric Vehicle arm is a separately listed entity under Evergrande Property Services Group Ltd or 6666:HKE. + +The Property Services Group manages a portfolio of clients across China including high-end residential, Theme Parks, Healthcare Complexes, Theme towns, Schools, office buildings, and commercial properties to which it provides property management services. + +* **HengTen Networks** + +Evergrande has a 37.55% stake in China’s listend HengTen Networks 0136:HKE. HengTen Networks Group itself is a diversified investment holding company. The group holds stakes across community services, trading of securities, provision of loan financing, and property investment. + +The reportable business segments of the company are Internet community and related businesses and Manufacture and sales of accessories. + +Early July saw Evergrande entered into an agreement to reduce its stake in HengTen Networks to 26.55% ownership. The 11% reduction will be sold to Tencent Holdings Ltd and an Unidentified entity. The timeframe of the agreement is unclear at this stage but will free up HKD $3.25 Billion (Around $418 Million USD) for Evergrande to facilitate debt settlement. + +As part of the agreement, Evergrande has agreed to provide a 5-year loan of HK$2.07 billion to HengTen to support its business development. + +* **Fangchebao: FCB Group** + +FCB Group establishes a whole channel trade and service platform of real estate and vehicles both online and offline. Or put simply they offer brokerage services for real estate and vehicles. The group has 21 million brokers and 43,000 offline stores attracting over 20 million clients. It is expected to reach an annual trade amount of RMB 2 trillion in 2021. + +Earlier this year in March, Evergrande unveiled plans to spin off FCB Group as part of a NASDAQ IPO. The group had secured 17 investors in Pre-IPO raising looking to secure a 10% stake in the real estate and automobile marketplace for HK$16.35 billion ($2.10 billion USD). This deal valued FCB Group at HK$163.5 Billion ($21 Billion USD) in Pre-IPO. + +* **FairyLand** + +Evergrande Fairyland develops and constructs a unique theme park that provides full-indoor, all-weather, and all-season services, and also develops “Ocean Flower Island” in Hainan, China, a cultural destination appealing to tourists around the world. + +* **Evergrande Health** + +Evergrande Health Group operates “Evergrande Healthy Land”, a health and wellness park, and retirement community with health insurance products. The group works with the Brigham and Women’s Hospital to manage Boao Evergrande International Hospital in Hainan. The hospital sits within the Hainan Healthy Land precinct. Evergrande Health is also planned and operated by the Evergrande Auto Group (00708.HK). + +* **Evergrande Spring** + +Evergrande also has a 49% ownership of Evergrande Spring a bottled water segment of the overall Evergrande Group. Evergrande Spring has also been discussing a Hong Kong-based IPO to help provide liquidity to Evergrande’s debt crisis. A potential IPO could raise several hundred million dollars and take place next year, although no further details are clear at this stage. + +**Evergrande Holdings** + +https://preview.redd.it/1jfqxa99dfq71.png?width=739&format=png&auto=webp&s=2fd0e6dd75fb86bf1156e180be2ce986f81ef21b + +**Evergrande Debt** + +**How Much Debt Does Evergrande Have?** The group’s total liabilities are estimated at 1.97 trillion Yuan ($305 Billion USD), and debt at 572 billion Yaun ($88.57Billion USD). + +Due to the diversified nature of Evergrande’s debts and liabilities, it is hard to account for all the group’s owings. The group also has a number of off-balance sheet debts. Best estimates as above put their total liabilities and debts at $393.57 Billion USD. + +The group’s interest liabilities are said to be **rising by around $28 million daily.** + +**Who Holds Evergrande’s Debt?** Evergrande’s Debt and liabilities are widely held by Chinese financial institutes, fund providers namely HSBC, UBS, and Blackrock, retail investors through bond investing, homebuyers who place a deposit on projects, and Evergrande’s construction partners including construction material and design contractors. + +**Chinese Debt Regulation: How Much Does Evergrande Have to Raise?** + +in 2020 Beijing introduced strict rules for the countries real estate developers, to help protect the sector from a real estate debt bubble. + +The rulings are known as the “Three Red line System” + +**What is the Three Red Line System?** The three red lines have been established to prevent a systemic crisis arising from inflated debt burdens carried by China’s biggest developers. The provisions are as follows: + +* A 70% ceiling on liabilities to assets, excluding advance proceeds from projects sold on contract, +* A 100% cap on net debt to equity, +* A cash to short-term borrowing ratio of at least one. + +https://preview.redd.it/sqppckabdfq71.png?width=951&format=png&auto=webp&s=0a50bcfba2d8c73f97db98e49d121098dd28e041 + +With Evergrande struggling to meet the new measures we saw the group offering properties at major discounts and rushing to take their other businesses public to provide liquidity to the group. + +**How Can Evergrande Service Their Debt?** + +Evergrande’s debt is nothing new, it’s been weighing on their business slowly growing for years. The group has been taking some initiatives to improve cash flow and reduce their debt. This can be broken down into three groups; + +1. **Selling businesses and Raising Capital** +2. **Issuing debt to maintain Cash-Flow** +3. **Selling Assets** + +* **Selling Businesses and Raising Capital** + +One of the biggest plans for Evergrande was improving Cashflow and building their balance sheet by selling off some of their businesses. We saw this with the listing of Evergrande Property Services and Evergrande New Energy Auto. + +However, Evergrande may have been too late to this strategy, with many listing plans announced just prior to the explosion of the debt crisis. With all stocks and bonds under the Evergrande brand being sold off at alarming rates, it seems a little too late to raise capital. The company was in plans of offloading its electric vehicle and property management services stakes. + +* **Issuing More Debt** + +We have also seen a massive issuance of Evergrande bonds in the past as the group began piling on more debt to build cash flow. In the section below (Evergrande Bond List) we can see the mountain of bonds the group has amassed which will eventually have to be paid back to investors. + +* **Selling Assets** + +The company’s access to freely available cash is also shrinking. We have seen bank accounts frozen and the sale of two of the company’s residential projects halted until mid-October. We have also seen the group selling developments at a steep loss, including talks of selling their head offices for just HK$10.5 billion, 33% less than what they purchased it for. + +All three methods of cash flow have been drying up amidst a massive liquidity crunch, leaving Evergrande even more exposed. + +**USD and Yuan: Evergrande Bond List** + +https://preview.redd.it/o5ts1lycdfq71.png?width=780&format=png&auto=webp&s=c1c9bbaad034b1de2c429e7406c21960747b4e98 + +Evergrande narrowly escaped defaulting on their Bond Coupon payments on September 23. But when we break down their mountain of bonds, this was just the beginning. Eventually, all bonds will have to be paid back at face value by Evergrande which will amount to a much larger sum than the $83.5 Million payment in September. + +Among these bonds, we can see just under USD$3.5 Billion due in the first half of 2022. Along the way, there is also a number of coupon payment due, all of which are to be made in USD. This becomes even more expensive with the falling Yaun. + +**Who are Evergrande’s bond holders?** + +https://preview.redd.it/618uzqdedfq71.png?width=787&format=png&auto=webp&s=b33eb3bbf867ebcdd4d3f8949a10350b962fdf89 + +**Evergrande Share Price** + +Seeing red is nothing new for the Evergrande share price which has been on a downwards bearish trajectory for the last four years. In July the Evergrande (3333.HK) share price collapsed, losing a massive 50%. + +>**In just six months Evergrande has managed to wipe away over $100 Billion USD in value from their stock price.** + +With investors seeing their holdings further cut in half over July, Evergrande's Market Capitalisation lost HKD$8.165 Billion over the month, ranging from HKD$16.33 Billion to HKD$8.165 Billion. + +We do see a sharp increase in Evergande's share price around September 23rd. The day many investors and creditors feared the company to default on $83.5 Million dollars in Coupon payments of US dollar-denominated bonds. The company managed to make the payment. This surprised shareholders who were largely expecting the group to default and pushed the price higher. + +It has since restarted its bearish slide as a mountain of debt obligations are still ahead of the company. + +**Who Ownes Evergrande?** + +https://preview.redd.it/ec9qc1rfdfq71.png?width=751&format=png&auto=webp&s=a030c1c3ac90031f2429e1256c90f6be63c0f159 + +We can see that Evergrande Group has maintained massive insider ownership at around 78%. Of this Ka Yan Hui (Xu Jiayin), Evergrande founder and Executive Chairman owns 76.98% of the company or 10,162,119,735 shares. + +Ka Yan Hui's position has landed him a spot on Forbes Billionaire list.  Forbes listed Xu as third on the list of the Richest Chinese Billionaires. Although Evergrande's mounting debt and the collapsing share price have seen his wealth slashed by tens of billions over the past five years. + +Chinese Estates Holdings Limited (HKE:0127) and CEO Chan Hoi-Wan are also significant holders of Evergrande with a 6.36% and 1.49% respectively. Chinese Estates Holdings is also in the property development and lending business. The group has rapidly been selling down shares and plans on [completely dumping](https://www.reuters.com/world/china/evergrandes-second-biggest-shareholder-plans-sell-entire-stake-2021-09-23/) its holdings. + +Chinese Estate's share price has also been bid down massively at high volumes as investors grow nervous of their massive stake. + +We can see fund providers Vanguard and Blackrock has exposure to Evergrande. This is through Funds such as [VAE](https://www.vanguard.com.au/personal/products/en/detail/8215/portfolio) (Vanguard FTSE Asia ex Japan Shares Index). VAE has 1440 holdings with Evergrande being the 601st largest holding accounting for 0.02945% of the fund. + +UBS, Blackrock, and HSBC were also accumulating the developer's bonds until relatively recently including when it was already clear the company was experiencing financial difficulties.  + +https://preview.redd.it/tr6sm4ngdfq71.png?width=780&format=png&auto=webp&s=06f6c7bf415cca43f0921cba694c5da638d9596f + +**Insider Selling: Evergrandes Executives Selling Down** + +As part of Chinese Estates dropping their holdings in Evergrande CEO Chan Hoi-Wan has been rapidly selling off shares since August. In just under a month Hoi-Wan has sold off HK$115.7 Million, with more selling likely on the way. + +>**"The directors are cautious and concerned about the recent development of China Evergrande Group including certain disclosure made by China Evergrande Group on its liquidity,"** +*Chinese Estates Holdings Limited* + +The Chinese Estates Holdings group has a massive reliance on Evergrande and bragged about their massive increase in Revenues and Profits thanks to dividends realized from their Evergrande holdings. 35.8% of the group's assets are listed shares and bonds in the failing Evergrande. + +The collapse of Evergrande may put Chinese Estates Holding under great financial stress. + +**"Chinese Estate's securities investments in China Evergrande including listed shares and bonds amounted to HK$13,414.2 million (2019: HK$20,012.0 million) or 35.8% (2019: 41.4%) of total assets."** + +**Is Evergrande too big to fail: Crash Imminent?** + +**When Will Evergrande Fail?** It's difficult to say when the company will default on payments and fail. With a massive USD$3.5 Billion in bonds due in the first half of 2022, it seems the default is imminent. The CCP is currently in talks with Evergrande and looking to head up the group's liquidation. + +**Who Will Be Impacted by Evergrande?** Evergrande has a large network of relationships that will be hit by the debt explosion. Depending on the details of the liquidation we may see Evergrande shareholders lose all their capital, Banks with Evergande on their balance sheet may see large impairments, Bondholders such as retail and funds like UBS and HSBC will lose value on their investments, and contactors of Evergrande may not be paid for their services. Perhaps the most heartbreaking and biggest impact will be the families of China who put down deposits with Evergrande who stand to lose a house and deposit for some time. + +**What will the fall of Evergrande look like?** There are three popular opinions for the events surrounding the downfall of Evergrande. + +1. **A Complete Fail of Evergrande- With No Government Bail Out** +2. **The Government Assists in the Slow Collapse and Liquidation** +3. **The Government Bails out Evergrande** + +**A Complete Fail of Evergrande- With No Government Bail Out** + +The complete failure of Evergrande would have massive repercussions for Evergrande's stakeholders and the Chinese financial system. With China's developers, all being heavily in debt investor confidence will ween from the property sector. We would see banks, investors, and funds shy away from developers creating a credit crunch for China's massive Real Estate sector. + +With the real estate sector accounting for 30% of China's GDP this would put a dampener on the Chinese economy. + +With the downfall of Evergrande, we will see defaults across their debts and liabilities leaving many contractors unpaid and banks across the country realizing impairments, again impacting the wider Chinese economy. + +An Evergrande explosion would also see 1.7 million Chinese families homeless with no deposits recovered. With growing concerns of this possibility, we have seen rioting and general unsettling throughout China. On the back of Hong Kong riots, further trouble across China will lead to widespread Chinese up evil. + +**Evergrande's Heicharchy of Debtors: Who will get paid? In Order** + +1. **Suppliers and Customers:** Supliers and contractors of Evergrande who have completed work for the group will likely be first to be paid along side the 1.7 Million customers that put up a deposit for housing. +2. **Banks and Wealth Management Investors:** State-Owned banks are among the biggest holders of Evergrandes debts. They will receive money after liabilities are paid out. Alongside wealth management investors who were promised low-risk mortgage based securities. +3. **Unsecured Debtors:** Many international and domestic funds and private investors hold Evergrande Bonds. These unsecured debtors will be paid out after all liabilties and secured debts. +4. **Shareholders:** Any remaining capital would be returned to shareholders + +**Summary/TLDR** + +Evergrande is Chinas most indebted and second-largest property developer. The group has leveraged itself heavily into China's property boom. But increased regulation has exposed their crippling debt and forced them to reduce their risk in line with China's Three Red Line policy. + +In trying to leverage down the company has been caught out defaulting on contactors and ruined investor's confidence. With investors rushing to sell Evergrande, the run on the group has caused a credit crunch which has Evergrande stuck with its crippling debt. + +With a complete failure of Evergrande likely imminent, this may have massive impacts on other interlinked indebted developers and state banks. Complete failure may end Chinas massive property boom, dampening the global economy and leading to social unrest. + +Congrats on making it to the bottom. Hopefully found some new info in here. This is the [highlights from the full report](https://prophet-invest.com/what-is-evergrande) here if you feel like reading any more + +Again it was rly hard to find info on the group. I think this was largely from the tidal wave of mainstream media posts that clog up google. +So I have been holding since January, I talk about Gamestop or the market in general pretty much every day and I even got her to watch the first half of the Big Short with me the other night and I think she was into it. She is a very smart person but doesn't know much about the markets and whenever I get to into it she just smiles and reels me in or rolls her eyes if we are around family. + +Anyways, we are laying in bed and she just asked me if I remember what I did last night. I stayed up a little later than usual working and didn't get to bed late and slept like a rock.... Or so I thought. She asked me if I remember rubbing my hands all over her face and yelling "Feel these diamond hands" at some godforsaken hour of the night. I have absolutely NO memory of this, don't remember any weird dreams, and can say with one hundred percent certainty I was fully unaware of what I was doing. She isn't the type of person to make this shit up and I am trying to come to terms with the apparent monster I have become. She said it went on for long enough that she was a little freaked out and I just kept shouting "Diamond Hands!" while in her words "smooshing her face". + +I am honestly so mortified with myself I am considering sleeping on the couch tonight, maybe then if I have another episode at least only the cat will catch these diamond hands. + +I am ashamed as a lover. I ashamed as a friend. But I proud as fuck as an ape. Clearly selling isn't even on the fucking table. + +&#x200B; + +EDIT: Sadly I am not trolling, I don't even know how this would be trolling. Also yeah maybe I am spending too much time with ya'll.... + + +Update: thank you all for the memes. You beautiful bastards kept me and my girl laughing all day. Still HODLing, maybe working on my sleep schedule, and fuck that ape fest nonsense that's stupid + + +PS. u/buttfarm69 can I get the flair, might as well get something stupid out of my equally stupid story +It has been more than two years since RC bought GME. He made his initial statement to the board. He took it over, turned it around. Same with this sub. The investors made their own decisions to invest in GME. It could have been for squeeze or for long term investment OR both. This sub has come a long way to the conclusion that it runs deeper than buying into the investment. MSN is not how this sub should be recognized. It should be known for how apes found out how corruption runs rampant in the so called “free market in the US” how MSM is part of them problem in spreading misinformation. IF RC DON’T SAY SHIT NEITHER DOES THIS SUB!! Let them find out through DD! That’s my two cents. + **Background**: We recently purchased a SFH right around the corner from the 2015-built townhome we currently live in. While the interest rates aren't great, which conventional wisdom suggests is a bad time to buy, we simply had to do so for family reasons. We put a significant amount down to bring the rate and payment to a comfortable level. Our current townhome is on a 30-year at 2.375%, and we are in an area where we can, by all accounts, rent at $700-1000 more than the full mortgage payment (P&I+Escrow) due each month (great schools, near lots of biotech and federal government). My wife and I make enough (and both have extremely stable jobs) that we could pay both mortgage payments, I guess, indefinitely, but not without serious discomfort - we chose the SFH we did because it was practical, definitely not a "dream house" stretch -- I only note this to point out that there is some financial safety in all of this, which is why I went down the path of keeping the townhome. We are in the DMV area. + +**Dilemma**: I have never rented before! I literally don't know my ass from my elbow in this space, but am a quick learn, and wanted to get some advice from you veterans. I am fiscally cautious by nature, so this is a big leap for me and a source of some anxiety, even despite the cushions in place (we still maintain $100K in savings) and I would appreciate any and all advice you are kind enough to throw my way (and bluntly so, if need be). I thought to jot down some areas of focus (though I am certain I'm missing a WHOLE lot): + +1. **Finding Tenants**: I am planning to utilize our RE agent to find tenants - my thought in doing so was that, even in what appears to be a hot market, I'd like to benefit from the vetting and other such things that the RE agent can provide. A weird aside, a colleague told me that false claims of discrimination can arise when one directly chooses renters -- but I don't know if that's true or how that would even come about -- and apparently using an agent as a proxy, eliminates this. To be explicitly clear, our only criteria for tenants is that they have stable income, are creditworthy, and present as if they will maintain the property well. I am not looking for the bleeding edge in rent, nor plan to keeping jacking the rent up, and would gladly forego a top-end rent for a nice family that wants to stay long-term. Curious as to thoughts here. +2. **Financial Setup**: I was thinking that it may make sense to create a separate bank account, seed it with some capital and then use that account solely for the receipt of income and expenses, and use a site like Stessa to just track everything, and even possibly use their online rent payment system. Then it occurred to me that maybe it makes sense to create an LLC and run this as a business, with everything piped through that company. Is the latter arrangement an unduly over-engineered one for a single rental? Are there pros and cons to setting things up one way or another? +3. **Property Management**: Since I will live so close by and since our townhome is relatively new, I thought about servicing the property myself. Is this unwise for any reason? I work from home so I have some flexibility to attend to emergencies, and the like. +4. **Maintenance**: I plan to have an inspector (the one we used for the new home since they were really thorough) do an "inspection" of my current home to look for any issues an problems that I may not be aware of, so I can address them before renting. As mentioned above, I will use a segregated account from which to service the property. +5. **Form of Rental Agreement**: Where is the best place to find the most landlord-friendly form of rental agreement? What provisions do you think are must have? Useful to have? +6. **Pets**: What are your thoughts on pets? We didn't have a pet and I personally felt a townhome with only a tiny backyard wasn't enough to properly house a pet of any meaningful size, and am worried that allowing pets will create more wear and tear on the property (mostly hard-wood floors, for example) than necessary. + +Is there anything else I should be doing, or thinking about? A sincere thanks to all of you for your insight and wisdom. I must admit (for a second time!) to being a bit nervous about the journey ahead but I do know that so many of you have done it with great success + +**EDIT**: Thanks to everyone who wrote, but to whom I have yet responded to. I had a busy day and night ahead of me, but I will be following up. Didn't post and run! +Citron research on twitter: + +>Congrats to Hindenburg for exposing what appears to be a total fraud with [$NKLA](https://twitter.com/search?q=%24NKLA&src=cashtag_click). Citron will cover half of all legal expenses. You can’t SLAPP the truth away. Explains why Milton sold at $10 this June [$NKLA](https://twitter.com/search?q=%24NKLA&src=cashtag_click) response warrants an SEC investigation to maintain integrity of EV mkt + +Trevor Milton was in full damage control mode yesterday, claiming he had worked for 14 hours writing a rebuttal to claims by Hindenburg which was to be published ahead of market open. Instead he published a statement by Nikola that they have retained legal council and intend to bring the actions of Hindenburg to the attention of SEC. + +Weak response from Nikola sent the share down in early trading but real pressure started to build up with the Citron tweet. I imagine large shareholders are re-evaluating their position. +As suggested on one of the threads starting a list to highlight stocks/segments not expected to recover. This would be stocks that were over inflated, have bad governance or have a huge impact from the virus. +Moving to a new job means I lose out on the pretty decent MI plan I have in my current job. Ergo, I'm on the look out for a MI plan for my father who is 60+, diabetic, heart patient with a surgery a few years back. + +I understand there are a lot of nitty gritties involved and seek suggestions from anyone here who might have gone thru the drill recently. My few requirements/preferences - minimal waiting time for pre existing conditions, no pre med check up, minimal co pay, coverage >=10L. While this may push up the premium a notch, I think I'll be okay with it. +Hey Everyone, + +I just wanted to talk a bit about Stellar. Call this is a shill post if you will, but I'm genuinely interested in this cryptocurrency and truly believe in the potential behind it. I really do encourage all types of discussion, so if you do not agree with some of the points I make, I'm definitely all ears. + +When it comes to Stellar, they have a number of a great things going for them. For starters, their payment system is honestly amazing. They can allow people, banks, or anyone, to make payments to anyone in the world(can be both fiat and crypto payments), within 2-5 seconds, for pretty much free (the fee is 0.00001 XLM lol). In this case, it's similar to Ripple, however Ripple stands for everything crypto is NOT supposed to be, while Stellar is the true counterpart (created by Jed Mccaleb) and is registered as a non-profit. They also do not hold any of the outstanding XLM for themselves, but rather will be distributing the lumens over the years to potential partners in order to encourage adoption. + +In addition to this payment system, one of Stellar's biggest selling points is it's asset exchange system. You can pay somebody in USD for example, but if you want them to receive in EUR, they will receive it EUR. This is where the potentially truly lies...instant cross asset exchanges. Starting off, Stellar will only be focusing on currencies, but imagine a world where you can instantly exchange any portion of your stock(yes any percentage, does not have to be a whole one) for, lets say, a French dollar. So, not only can you make instant payments, but you can turn this asset into any other asset along the way! Another point, which many might not know, is that you can ICO off Stellar! There have been a few to date, but I'm sure many more will be coming this year. + +Now that I've covered the basics of the tech behind it, I wanted to explore the adoption of Stellar a bit. Here is what they have going for them: + +1) IBM partnership for global payments which is focused towards bringing big banks on board + +2) Stellar itself is focusing on banking the unbanked in developing parts of the world, which is a HUGE market, as well as signing up remittance companies (currently remittance companies charge a very high fee, and they can get around this with Stellar) + +3) According to a recent interview with Jed Mccaleb they are working with partners to launch a global venmo...imagine having the power of something like at your disposal + +4) Partnered with Deloitte, one of the biggest accounting firms in the world + +5) Stripe - They have invested in Stellar, sit on the board, and will most likely add support for a lumen payment option + +6) FairX and SDEX, which is speculated to be a fiat to crypto exchange launching soon. + +Future seems bright! Thanks for the read everyone, appreciate it. +Newbie here. I've set aside savings of €4k & am eager to invest a portion of that sum. With stocks by & large in freefall at the minute due to the ongoing coronavirus pandemic, is it too soon to safely invest with the view to market recovery over the coming months? If not where should I be looking? +Hi Reader, + +My name is Blake and I’m an idiot. I am 28 years old, have $120k+ of debt with zero actual assets. + +Bam! That’s hard to actually admit. But I intend to fix this over the next few years and thought a blog might help me be accountable and to maybe help someone else in a similar situation find inspiration. + +Here is a breakdown. + +Car loan 10kRent to buy home contract (only way I could see of getting a home in my credit score situation.) $70k plus $100 per week in rent until it’s paid off.$39k in a debt consolidation agreement part ix. + +I am behind in payments on almost all of this – except the home. + +**EDIT**I was on 91k for the last 3 years and have just jumped into a job where**I am on $120k per year leaving me about 7k after tax a month. + +Pay +$7000. Child support -$1160. Rent to buy -$650. Debt part ix -$1015. Car loan -$360. My leftover amount covers bills, groceries and silly purchases. + +I am going to fix this so I am living below my means but not becoming a penny pinching sob story. + +Here is the plan. + +The next few months will be tough. + +Minimising my expenses. Pay the overdue accounts back up to date. Close any unnecessary bank accounts and only run 2 accounts (a transaction account and a savings account) All while saving 20% of my take home pay for the start of an emergency fund (I’ll be aiming for 3 months of take home pay for it so $21k)(this will also be a long term goal) + +Once I make it through the next few months I will reassess and create further goals. + +So join me on my journey to reverse my mistakes and feel free to get in contact to give me tips, share your stories or ideas. +What is your worst investment decision and what have you done to remedy your decision/behavior? + +I got caught up in marijuana stocks a few years ago, trading with reckless abandonment. I ended up bag holding a significant amount of Aphria for what seemed an eternity and recently panic sold it all damn well near the bottom. Combined with several other reckless moves I lost about $150,000 (which was a massive % of my portfolio) and tanked my TFSA contribution room among a ton of other stuff. + +I'm currently sitting on a few ETF's and am just banking my income in a savings account to buy a property and get out of the market entirely. It's a really tough lesson but I am fortunate enough to be breathing, happy and young enough to recover from the catastrophe. +Sorry, on mobile. I wasn’t sure where to post this so if there’s a more appropriate subreddit please let me know. + +My husband and I both work full time (he is salary, I am hourly) the bank has had my employee verification for weeks and is now telling me that despite them stating I am full time, my worked hours on my pay stubs do not reflect that (79.2 hours or 78 hours instead of 80) because I clock in and out it will vary and not always be at 80 but I am scheduled 40 hours each week and provided a signed letter from my manager stating that I am guaranteed to be scheduled 40 hours each week. + +We’re supposed to close on the house in a few weeks and now we could potentially be homeless if they won’t consider me full time. Is there anything I can do to further prove my status? + +The other reason the bank is not considering me full time is I have only been with this company a few months. I was with my old job 10 years and worked full time there but left due to having my pay cut after covid. I make more now than I did at my old job. +So I was in the shower, pondering life's mysteries and throwing out some comebacks to my school bullies 4 years too late, when I began to start thinking about the positive changes I've made financially. They saved my ass a couple of times, and so I wanted to share. + +I. The saving accounts. + +- Get a saving account with interest. Period. I use Discover for a cashback debit and a savings account. Shop around for one that best suits you. + +- Some people still don't know you can have more than one dedicated savings account. If you don't know, now you know. You can get creative with these hoes, too. I had one dedicated to 3x rent, utilities, and groceries. +I say have a minimum of 2x, but if you can add more, add more. + +- I had another one dedicated to emergencies. I have $4.5k in there. This covers car problems, anything my insurance doesn't cover, hotels, food... you get the idea. Much like everything else, your goal will and should depend on your financial situation. Again, add more if you can. Always. + +- If you can, have a "fun times" account. +I, at my core, am a materialistic motherfucker. I love watches, cars, clothes...everything. But, I refrain from living like one, because I've developed discipline over the years. However, I'm also in a position where I can throw in money into a more "flexible" account like this, so I do. This gets last priority. If I have any money left after R/U/G and my emergency account, then I'll throw it in this guy. + +II. The talk. + +*You* know *you.* And sometimes, you just have to get real with yourself. + +When I see that Lego set, I'm telling myself "you lazy motherfucker, you're not going to spend your time building that." + +And when I see that beautiful Solar G Shock that can be submerged for 17 years at 50000 meters, I think "but when's the last time you actually went outside?" + +Think things over. Find reviews. Imagine yourself using it. Then repeat the process. I sit on purchases for MONTHS sometimes before actually going through with the purchase. Sometimes, by the time I'm ready to buy whatever it is, there's a nice discount on it. Other times, they raise the price and I just repeat the process again. It happens. + +III. Eating out is your enemy. + +As I grow older, I find that most of that "fun time" money is going towards eating out. The money is fair game, so financially, it's fine. But mentally? Imagine the toll. Postmates and GrubHub are cancer. It's convienent. Too convienent. And the additional fees are outrageous. + +Do yourself a favour. Go to the grocery store more often. Buy shit you'll actually want to eat. Buy what you crave. Live a little. Remember, it's fun money. Not grocery money. +$20 of food from the store would have satisfied me more than  $20 of delivery fees from Postmates. + +And that's it. Budgeting can suck at first and can be hard depending on what your situation is. I just wanted to share some points and tips that might help the average guy out. + + + +EDIT: Firstly, thank you for the gold, stranger. + +Secondly, I wasn't expecting this to blow up, but I'm glad I was able to make some points that resonated with people! + +Also wanted to note that I'm an amateur when it comes to saving and budgeting. This post wasn't intended to go into the realm of investing, 401k, etc. Not to say you shouldn't! There's plenty of people that have recommended investing, and that have also given some tips on where to start. + +Thanks, y'all. +For any other apes with Fidelity, please read the rest of this post. *Not Financial Advice, I can’t even tie my shoes* I spoke with Josh from Fidelity, and he helped me DRS another 1125 shares of GME. He mentioned the rate of requests to Fidelity to DRS shares has dropped substantially, which is disappointing to me. We have such a great community, and taking the time to DRS shares is so helpful to locking up the float! + +More concerning to me, however, is that I have made every effort to ensure my GME shares are held in cash and NOT in margin. YMMV, but if you have a margin account with Fidelity with GME shares, you may want to double check they are held in cash and not margin. Specifically, I had made the request to make sure my shares were in cash and not converted back to margin the last time I DRS’d through Fidelity. This was several weeks ago. When I submitted my request earlier this evening, I was very alarmed when Josh said before I DRS your shares, I have to convert them from margin to cash. Despite multiple requests to Fidelity to make sure my GME shares are always held in cash, they had converted back to margin without my approval. + +Proof of this new DRS request will happen when the shares hit my existing Computershare account with 1110 shares, and I will then feed the DRSBOT with another 1125 shares. Cheers! + +Edit: Oh sweet apes, RIP inbox, thanks for the upvotes and awards. I briefly forgot how passionate each individual in r/superstonk can be - have a wonderful evening, and to the moon for GME!! + +Edit #2: For the European Apes, by pissed I meant angry, not drunk…that being said, I definitely was enjoying a glass of wine when I called Josh from Fidelity to DRS more of the float. Cheers everyone! +I know you most get questions like this all the time but I truly am starting to feel like my life is ending almost to the point of going crazy. I grew up in an orphanage and had a string of bad luck and abuse and laziness/depression on my part has left me at 25 with no job experience or any qualification. Recently I got a factory assembly line worker through an agency but they constantly hire people for a month or two then replace them so I am not banking on it lasting forever, it is currently 5pm to 2am Monday to Thursday, 36 hours a week at £10 an hour. My life has been pretty rough so to be honest I find myself being happy with this but I also want to improve my future but I don't know how. If I leave work and retrain I won't have had any money through my entire 20s as to get gcses, then access to uni course then degree would take me until I was atleast 30. + +I feel like I am rambling so my question is starting today, what should I be aiming for to have a job that pays 25k+ by the time I am 30. I would do any job, work any hours, risk my health etc. Sorry for not explaining myself right I just really need help, I don't expect or think I deserve a good paying job I just don't know what job to aim for and what I should be doing to get to that point. + +Also this is unrelated but something I have been looking into recently but I never knew I could afford a house. On minimum wage or if everything goes well with my current job I can make around 18 to 20 thousand a year, with a 4x mortage or 4.5x mortage i could get around £80000. The houses I see in Belfast for that price in my opinion look amazing and I would love to own one. What confuses me is I don't understand how that would be possible for me to get a mortage on a nice house with my wages and just my luck in life. Am I missing something important or could I realistically get a £80000 house by time im 28 on minimum or abit above wages, I can save around £4000 a year or more with ISA. + +Edit. Just seeing the response now I am at work but I will be reading all the advice after and I really appreciate the response I got and I hope you all have a great life and stay safe ❤ +I read that who your parents are and your zip code matter the most when it comes to life expectancy. + +I was wondering, with financial resources, what advice people may have to minimize chance of early death. I know diet, exercise, sleep, social connections all reduce risk of disease. How about car accidents? Suggested car types (I assume modern car with safety features) that one could just spend a more money to reduce risk of accident? + +Any recommended preventative health care habits / options? +Obviously this will range based on net worth but curious what you all spend your extra money on? + +Ie first class tickets all the time, premium seating at sporting events, etc. + +Would be helpful to know ballpark prices for these expenses and net worth if it’s pretty “unattainable” for most. Ie Flying private + +Edit: Extravagances, Baller, High Roller, etc +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! + + + +It’s the weekend so you know I’m bored and I start doing my digging. Citadel has a new trend I have found. They have bought shares in 7 companies this month and they all have the same trend!!!! They are all being SUED!!! Also 6 out of 7 were formed in 2020!!! Nothing strange about that huh. I need someone with more wrinkles than me to dig into this and see what ole Kenny boy been up too. Below is a list of the companies they have bought ownership shares of + +Forest Road Acquisitions Corp (2020) Bought 5/4/21 date reported 5/14/21 + +Gores Metropoulos II Inc (2020) Bought 5/4/21 date reported 5/14/21 + +Thoma Bravo Advantage (2020) Bought 5/4/21 date reported 5/14/21 + +Northern Star Investment Corp. II (2020) Bought 4/29/21 date reported 5/10/21 + +Marquee Raine Acquisition Corp. (2020) Bought 4/28/21 date reported 5/10/21 + +Ajax I (2020) Bought 4/29/21 date reported 5/10/21 + +Chardan Healthcare Acquisition 2 corp Bought 4/23/21 date reported 5/03/21 + +Just type in lawsuit after the name of each company listed and a few of them are even with the same law firm!!!! + +THIS IS JUST FROM MAY!!! I’m sure If I looked into the April purchase they are all companies made last year and currently being sued for “Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) Failing to conduct a fair process, and 2) whether the transaction is properly valued” + +Seems like it’s always something fishy around Kenny. + +TLDR - Citadel is buying into companies founded in 2020 and being sued. Nothing to see here lol these are smart investments for a company waist deep in shit!!!! + +Link to all their filings DIG IN!!!! [https://www.sec.gov/edgar/browse/?CIK=0001423053](https://www.sec.gov/edgar/browse/?CIK=0001423053) + +Tag all the wrinkled brains +If a government set all taxes to zero, would everybody actually be more wealthy? (Leaving aside the loss of government funded services for the time being) Would prices simply rise as people have more disposable income, undoing the benefits? Or would incomes decrease because people could settle for lower wages? + +What evidence is there on this topic? +Curious to hear how folks in similar situations decided on whether to have children. What questions you asked yourselves? what realizations you had after deciding yes/no? and how did it impact your fatFIRE journey. + +**Background:** SO and I both early 30's and been together 7 years. Gross TC \~$500-600K (400 me vs 200 her) with upside for both. NW \~$1.4M, Living in MCOL region. Both from middle class families. + +Friends are all starting to have kids.. and it's a common discussion between the two of us. Partner says she either wants two or none. + +We like kids, we live close to both parents (who would be wonderful grandparents) but we contemplate moving to another city/country one day. We worry about FOMO/loneliness with many friend groups having kids today, and the regret of missing what many claim to be the largest reward in life. We both played high level competitive sports growing up and built special bonds with our parents through these. A part of us feels we should give back and provide the same to our children. + +Alternatively - We know having kids would add challenges to career trajectories, and test our already busy (and sometimes high stress) lives. The largest opportunity cost would be for my partner to give up \~12 months and likely take a reduced role for a few years afterwards, and negatively impact fatFIRE timelines.. The next would be giving up level of freedom to travel and do many of the activities we love. + +We've had a lucky run so far, and wonder whether we risk such a major (and expensive) life change. +What's up fellas at Theta Gang. I made a tool called [FD Ranker](https://www.swaggystocks.com/dashboard/stocklabs/fd-ranker) that logs the average IV of some popular stocks. The tool is inclusive of almost 1,000 tickers now. + +**What is this tool good for** + +I often use the theta gang wheel strategy by selling cash secured puts close to at-the-money and I like to see where I can get some bang for my buck. A quick scan of the list will tell me what IV is looking like for certain stocks and when earnings is coming up and whether or not I want to do a weekly theta YOLO for earnings. You can sort by IV, stock price, or Earnings and filter by ticker. + +Here's some of the top tickers from this weekend. Instead of making a full list of tickers ranked by IV, I'll share some of the more common tickers mentioned. + +# High IV Tickers List + +\*Some of the market cap data is off, so always double check before entering any plays! + +|Ticker|Market Cap|Stock Price|IV (%)| +|:-|:-|:-|:-| +|GME - Gamestop|7.09B|$108.82|295%| +|SNDL - Sundial Grower|2.08B|$1.34|261%| +|SRNE - Sorrento|2.72B|$9.66|256%| +|MARA - Marathon|1.92B|$29.95|250%| +|RIOT - Riot Blockchain|2.94B|$44.50|227%| +|AMC - AMC|2.3B|$8.24|192%| +|WKHS - Workhorse|1.95B|$16.15|163%| +|CRON - Cronos|3.78B|$10.47|163%| +|CCIV - Churchill Capit...|6.4B|$30.80|161%| +|TLRY - Tilray Inc|4.18B|$23.99|153%| +|SOLO - Electrameccanic...|504M|$6.16|152%| +|HYLN - Hyliion|2.33B|$15.13|148%| +|FCEL - Fuelcell|5.46B|$17.00|144%| +|DGLY - Digital Ally|72.1M|$1.95|144%| +|FUBO - fuboTV Inc|2.39B|$34.91|143%| +|MSTR - Microstrategy|6.94B|$753.40|142%| +|NNDM - Nano Dimension|1.69B|$9.84|140%| +|PSTH - Pershing Square|5.88B|$29.39|137%| +|BLNK - Blink Charging|1.37B|$38.13|129%| +|RIG - Transocean Ltd|2.13B|$3.48|127%| +|SBE - Switchback|974M|$31.10|126%| +|APHA - Aphria Inc|5.65B|$17.80|124%| +|ARCT - Arcturus Therap...|1.29B|$51.79|124%| +|QS - QuantumScape|11.4B|$55.60|122%| +|CODX - Co-Diagnostics|390M|$13.92|118%| +|CLOV - Clover Health|4.14B|$9.41|115%| +|BBBY - Bed, Bath & Bey...|3.26B|$26.68|112%| +|JMIA - Jumia|3.94B|$43.45|112%| +|BB - BlackBerry Ltd|5.67B|$10.12|111%| +|APXT - Apex Technology...|459M|$12.82|110%| +|SFIX - Stitch Fix|4.8B|$76.06|110%| +|GRWG - GrowGeneration|1.68B|$45.78|109%| +|PLTR - Palantir|35.2B|$24.04|109%| +|OSTK - Overstock|2.87B|$66.92|108%| +|AI - C3.ai|0|$112.62|108%| +|XPEV - XPeng Inc|16.6B|$34.61|107%| +|NKLA - Nikola Corp|6.94B|$18.12|107%| +|PLUG - Plug Power|22.7B|$48.25|106%| +|NIO - NIO Inc|72.8B|$46.88|105%| +|ACB - Aurora Cannabis|2.08B|$10.54|105%| +|LAZR - Luminar Tech|5.94B|$27.10|105%| +|HUYA - HUYA Inc - ADR|6.21B|$26.88|103%| +|LMND - Lemonade|7.12B|$124.03|99%| +|SPCE - Virgin Galactic|8.73B|$37.77|98%| +|HOME - At Home Group|1.64B|$25.36|93%| +|CRSR - Corsair Gaming|3.3B|$36.13|91%| +|APPS - Digital Turbine|7.38B|$82.40|90%| +|GSX - Gsx Techedu|15B|$102.84|90%| +|DASH - DoorDash|0|$170.56|87%| +|CHWY - Chewy Inc|40.4B|$101.93|85%| +|CGC - Canopy Growth|12.3B|$32.54|84%| +|CCL - Carnival Corp|29.6B|$26.46|84%| +|FVRR - Fiverr|9.72B|$270.75|82%| +|PRPL - Purple|2.24B|$36.71|82%| +|COTY - Coty|5.88B|$7.68|82%| +|CLDR - Cloudera|5.05B|$16.16|80%| +|M - Macy\`s Inc|4.72B|$15.27|79%| +|X - United States S...|4.36B|$16.76|79%| +|CRSP - CRISPR Therapeu...|9.48B|$125.73|78%| +|UPWK - Upwork Inc|6.56B|$54.11|78%| +|ENPH - Enphase Energy ...|22.7B|$175.45|77%| +|GPS - Gap, Inc.|9.34B|$25.05|76%| +|CNK - Cinemark|2.65B|$22.93|75%| +|FSLY - Fastly Inc|7.53B|$73.11|75%| +|PENN - Penn National|18B|$116.34|75%| +|UAL - United Airlines|15.4B|$52.97|74%| +|NCLH - Norwegian Cruise|6.35B|$29.44|74%| +|MRNA - Moderna Inc|61.3B|$153.88|74%| +|ZM - Zoom Vide|107B|$368.38|73%| +|DKNG - DraftKings|24.1B|$61.00|72%| +|AAL - American Airlin...|13.4B|$20.92|72%| +|SAVE - Spirit Airlines...|3.51B|$35.94|72%| +|BIDU - Baidu|98.6B|$283.08|71%| +|SE - Sea Ltd|103B|$235.44|71%| +|TSLA - Tesla Inc|646B|$682.52|71%| +|RKT - Rocket Companies|2.52B|$21.86|70%| +|FROG - JFrog Ltd|4.93B|$53.62|70%| +|ABNB - Airbnb|124B|$209.60|69%| +|CREE - Cree, Inc.|12.6B|$113.20|69%| +|PTON - Peloton|31.8B|$120.17|68%| +|OXY - Occidental Petr...|24.8B|$26.53|68%| +|W - Wayfair|21.1B|$289.82|68%| +|BIG - Big Lots|2.36B|$63.51|68%| +|SNAP - Snap Inc|98B|$65.19|67%| +|SEDG - Solaredge Techn...|15.4B|$300.67|67%| +|NET - Cloudflare Inc|22.7B|$73.39|67%| +|LL - Lumber Liquidat...|717M|$25.21|66%| +|SNOW - Snowflake|73.8B|$259.76|65%| +|RH - RH|10B|$494.25|65%| +|ROKU - Roku Inc|50.2B|$392.59|65%| +|U - Unity Software|29.2B|$107.42|65%| +|CVNA - Carvana |13.3B|$285.48|64%| +|NOK - Nokia Corp|2.57B|$3.94|64%| +|ETSY - Etsy Inc|27.9B|$220.47|63%| +|CZR - Caesars Enterta...|15.7B|$92.82|63%| +|SMAR - Smartsheet|8.46B|$69.66|63%| +|PINS - Pinterest Inc|49.9B|$80.40|63%| +|PBR - Petroleo Brasil|16.7B|$7.88|63%| +|RCL - Royal Caribbean|20.9B|$93.61|62%| +|BYND - Beyond Mea|9.12B|$142.83|62%| +|IQ - iQIYI Inc|18.5B|$25.34|62%| +|VALE - Vale S.A.|89.3B|$16.97|62%| +|DOCU - DocuSign|42.3B|$226.54|62%| +|CRWD - Crowdstrike|40.7B|$213.76|61%| +|ARKK - ARK Investment|24.1B|$129.95|61%| +|LB - L Brands|15.2B|$54.64|61%| +|SQ - Square Inc|97.9B|$229.51|60%| +|DISH - Dish Network|16.6B|$31.57|60%| +|SPLK - Splunk Inc|23.1B|$143.84|59%| +|WORK - Slack Tech|20.5B|$41.13|59%| +|Z - Zillow Group|38.3B|$161.35|59%| +|FEYE - FireEye|4.4B|$19.36|58%| +|ARKG - ARK ETF|11.1B|$93.08|58%| +|TDOC - Teladoc Health|32B|$220.97|57%| +|MELI - MercadoLibre|81.6B|$1626.32|57%| +|LYFT - Lyft Inc|17.2B|$55.80|57%| +|TAN - Invesco Capital...|4.16B|$101.24|56%| +|SPOT - Spotify|55.7B|$308.47|56%| +|ZNGA - Zynga Inc|12B|$11.20|56%| +|DB - Deutsche Bank|25.3B|$12.36|56%| +|DDOG - Datadog|19.9B|$95.60|56%| +|EAT - Brinker Interna...|3.12B|$69.52|56%| +|YETI - YETI|6B|$69.17|56%| +|GM - General Motors|74B|$51.37|56%| +|TWTR - Twitter Inc|61.5B|$78.08|56%| +|UBER - Uber|91.4B|$51.82|56%| +|HAL - Halliburton Co....|19.4B|$21.89|55%| +|MGM - MGM Resorts|18.7B|$37.87|55%| +|JD - JD.com|146B|$93.55|55%| +|SHAK - Shake Shack|4.53B|$118.94|55%| +|TWLO - Twilio|55.1B|$393.67|55%| +|DBX - Dropbox|7.47B|$22.83|54%| +|WYNN - Wynn Resorts|14.2B|$132.26|54%| +|TTD - Trade Desk|34.4B|$807.31|54%| +|MU - Micron|102B|$91.89|54%| +|OKTA - Okta|31.7B|$260.82|52%| +|ESTC - Elastic|11.8B|$133.86|52%| +|PZZA - Papa John|2.97B|$90.42|52%| +|TEVA - Teva- Pharma.|11.7B|$10.81|51%| +|ZS - Zscaler Inc|27.5B|$203.49|51%| +|SHOP - Shopify Inc|154B|$1282.61|51%| +|ICLN - Clean Energy ETF|5.82B|$25.93|50%| +|CHGG - Chegg Inc|12.5B|$97.00|50%| +|DAL - Delta Air Lines|30.6B|$48.08|50%| +My whole life, I have wanted to save enough money to just sit at home and trade my savings; while earning enough to sustain a comfortable living. + +Does anyone out there actually do this? I have been pretty successful trading over the years with minimal effort and believe that if I really put time into it, I could do well. + +If there are people that just sit around and make enough trading on their own, with their own money... do you enjoy it? Is it everything you dreamed of? Or a nervous nightmare? + +What first steps did you/would you take? +Hi all, i want to study trading from the start, what books/platform/sites do you suggest to me? I saw that Murphy's book "Technical Analysis of the Financial Markets" is a must, can i start from it? +thanks in advice +Hi all, i want to study trading from the start, what books/platform/sites do you suggest to me? I saw that Murphy's book "Technical Analysis of the Financial Markets" is a must, can i start from it? +thanks in advice +Almost every post on this sub from people in their teens or their early twenties have two very different types of comments. One side saying they wish they started that early. Another saying that its dumb for them to chase dividends and should go for growth. Which is the best for a young investor? +Stock dividend ISO code is DVSE, Not SPLF + +[https://www.dtcc.com/-/media/Files/Downloads/issues/Corporate-Actions-Transformation/ISO\_20022\_EntAlloc\_UG.pdf](https://www.dtcc.com/-/media/Files/Downloads/issues/Corporate-Actions-Transformation/ISO_20022_EntAlloc_UG.pdf) + +Page 15 on that page is the code DVSE for a stock dividend. + +[https://www.dtcc.com/-/media/Files/Downloads/issues/Corporate-Actions-Transformation/2021/Corporate-Action-Announcements-Data-Dictionary-SR2021.xlsx](https://www.dtcc.com/-/media/Files/Downloads/issues/Corporate-Actions-Transformation/2021/Corporate-Action-Announcements-Data-Dictionary-SR2021.xlsx) + +Look at the tabs down the bottom once you have downloaded the xls file. + +Choose the events tab down the bottom and scroll to row 104. + +Read it. STOCK DIVIDEND. + +Not row 105 and 106, both of those are stock split, but not via dividend. + +Then also choose the tab down to bottom that says EVENT DESCRIPTIONS. + +Please read row 82,83 and 84 for Stock Dividend and Stock Split. + +They did this to avoid the bill fail tracking system perhaps. + +[https://www.reddit.com/r/Superstonk/comments/wfg2vj/i\_think\_i\_found\_why\_did\_the\_dtcc\_performed\_a/](https://www.reddit.com/r/Superstonk/comments/wfg2vj/i_think_i_found_why_did_the_dtcc_performed_a/) + +It should have been performed under the DVSE ISO code but was not due to this rule they are trying to avoid is my greatest understanding + +The forward stock split code of FC-02 can be used. + +Edit to include - [https://www.dtcc.com/-/media/Files/pdf/2013/3/22/0424-13.pdf](https://www.dtcc.com/-/media/Files/pdf/2013/3/22/0424-13.pdf) + +Not saying it is FRAUD, but if it walks like a duck, quacks like a duck, looks like a duck... + +Edit, And if anyone has ANY documents, where they can reference i am wrong, i will update this post to include said evidence. + +Edit post to remove the word split. Context is hard. Words hard. Apologies for any confusion + +Edit, change column to row. +The pandemic has shown that the most valuable members of society, delivery guys, medical services, cleaners, etc., are the lowest paid. So the notion that someone’s labor isn’t worth a [minimum Living](https://livingwage.mit.edu/metros/35620) wage is ludicrous to me, as their labor is **essential** for the functioning of society as a whole. **Is income tied to the value of Labor?** If not, how can we determine who gets what income? +Like, just now the Federal Reserve raised the rate by 0.5%. Now, I'm no economic illiterate (minored in Econ in college), but this is supposedly a lot, yet on its face doesn't seem like much. +I know this might seem really basic, but I thought I’d share my experience anyways. I’m a 22 y/o male and I just got my first dividend payment of $15.72! + +Even though $15 is like a mcdonalds meal, it feels like I didn’t do shit to earn it, so it feels really good. + +How much do you get from dividends per month or per year? Feel free to share if you’d like :D + +Edit: I didn’t know this was going to blow up like it did. Thanks to everyone for all your support/advice/praises/love!! +I've seen a lot of people thinking 30million per share is not possible and it's fucking pissing me off. Their argument is always the same: Not enough money, Fed will stop it, be realistic, blablabla. There is no valid point they can tell you. This is FUD. + +Here's what I think: You do you. Just don't regret selling too early. + +**Not everyone will sell at the same time**. I will just continue holding since I know such numbers in the millions are possible because of the infinite squeeze. More than 100% of the float shorted -> HF buys a share -> gets canceled against a naked short/synthetic share -> People diamond hand -> Infinity squeeze. It's as simple as that. +I'm hoping someone can explain this to me like I'm a toddler, because all the research I do seems to yield more questions than answers. + +[Investopedia](https://www.investopedia.com/articles/economics/08/japan-1990s-credit-crunch-liquidity-trap.asp) seems to explain it best, Japan's lost "decade" was caused by a combination of: + +* a bursting real estate bubble +* hiked interest rates +* Japan's central bank creating a credit crunch & liquidity trap + +But none of those things are unique to Japan. Why are America and other economies seemingly so able to bounce right back when these events occur, but Japan got stuck? + +Was it just the perfect storm of all these things happening at once? + +Are there cultural/consumer habits that fueled it? + +Was it due to some finer details of policies Japan's central bank practiced? + +Could something similar happen in other economies, particularly America's? +I'm a tow truck driver trying to escape my self imposed poverty. I just had a call to release a vehicle from the impound lot. The police had impounded it. This girl lives in her car. She had everything needed to release it, except photo ID. It was so painful, having been homeless myself, to tell her she couldn't take her car. I haven't felt that terrible in a very long time. Haven't had an internal struggle like that as long as I can remember. I just wanted to tell her to take it and lie about her not having photo id. I know what would happen though. It's against the law for me to release it without photo id. When the cops call up asking about the car and we released it, they'd find out. I'd likely be in serious trouble,maybe even with the law. There would go my towing career, immediate source of income, and likely my reputation as a tow truck driver. I ended up giving her extra time to look for an ID and just think on it. Eventually she remembered she had a photo of her driver's license and my manager approved that. It felt so good to give this crying girl some good news and send her home safely. I know how scary it is not knowing where you'll sleep at night, especially as the sun is going down and your plans failed. Someone in a less dire financial situation wouldn't have this level of stress. A $300+ towing bill and a hotel room rental wouldn't be the end of the world. For some of us ,it would. I just wanted to share this story and remind people of the importance of financial reserves. Like it or not, money is very important. As someone with very little motivation to earn and hoard money, I struggle with this often. + +Some general advice, from a tow truck driver: +Start getting ready for winter now. Get a AAA membership, Plus level or higher, but also assume that you WILL be waiting multiple hours for a ride/assistance/tow in the snow, cold, and darkness. There is a shortage of tow truck drivers, and we're overloaded. It's only going to get worse. You can't just throw the average person in a tow truck and send them out. It's going to be rough this winter. Get batteries and alternators checked before it gets cold. AutoZone will do it for free And warn you about any major problems. It doesn't hurt to keep extra cold weather clothes or even blankets and sleeping bags in the car. Battery bank to charge a phone in case the car electrical system dies(just happened today, couldn't even make a phone call). Keep the tank a little more full than usual. Never know when you need to take a massive detour and burn through a ton of fuel. Drive around in a snowy parking lot and practice driving on ice and such. There's a ton more, but I don't have time to list it all. Good tires. Anyway, hope everyone is ok, be safe, get ready for winter if you need to. + +Edit: More thoughts. +Thank you for the support. If I'm quite honest, I've been struggling very badly lately and it's just nice to see so much kindness. I don't care about points or things here but I just noticed all the wards and stuff and was caught off guard. I used to write on my own site all the time like this. I ended up deleting the entire site one day after a truly hateful comment from someone that knew a very scary amount of very private data about me. It was creepy and sad. I haven't written publicly anywhere else until I started getting on reddit. I miss writing. It helps me think and sort things out. Didn't expect it to impact others like this though. I plan on compiling a winter prep list for drivers in cold climates soon and will share it here, as recommended by a few people. I've been very sick lately and suspect I have Covid. My employer handled the situation very poorly, trying to force me to keep working. I blanked for a second while driving and almost crashed the tow truck. It took me flat out refusing to work in order to get ONE extra day off work. I'll be finding a new line of work as soon as I get my truck on the road. I plan to turn it into a service truck so I can still do decent meaningful work, but on more reasonable terms. Please be careful out there and don't let people take advantage of you unless you know the risks and rewards and deem it worthwhile to play along. I'm needing the limits of what I'll tolerate. Be safe. I'd rather not come out and tow your cars or remains of them. Cheers. +Hi everyone, my Wife used to work for a company that she recently resigned from. This company is known for being toxic and having a bad culture. This is a professional level job in IT Sales. She was working for 9 months then decided to quit to pursue a different position and the company she left Finance/Payroll department reached out and said she owes them 56k and to wire it to their company bank account. I checked the emails and the bank account is legit. I went to her payroll manager and added up all the gross pay from her 8 months of paychecks and that totals 56k gross pay. Is this even legal? What should we do here? We replied back and said that this request is a mistake. We have not agreed to any form of payment, so no slip ups there. Also they are asking us to send gross pay rather than net pay which is actually 45k, so this just doesn’t make sense. Any help here is appreciated! + +Edit: There is no repayment clause in the contract. No commission advancement. Just a clearly stated base pay with opportunity to earn on target earnings. Cookie cutter offer letter employment contract that you would see in any other fortune 500 firm. Read every word. +Hi guys, I invested on the peak of this fund and has been going down since then up to -17%. Is currently a big loss in my portfolio and while I understand that lately tech sector has been going down a lot, I am kind of worried that they will recover and how long may take. + +Update:Thank you for the advice guys. I am not willing to take loss, so I will keep long term. I just was kind of surprised of the -17% downturn as normally funds tend to be more stable. +Hoping to get an honest dose of perspective. + +\-Reached comfortable FI status \~3 years ago + +\-Have continued working at a remote job requires 10-15 hours of work a week + +\-Job is well-paid, low-effort, and provides low-cost healthcare - it is hard to justify quitting. However, I dislike aspects of it greatly. + +Appreciate any thoughts on this situation. Thank you! + +Edit 1: removed unnecessary info to make this shorter. + +\*\*Edit 2: This has all been super helpful and encouraging to hear the diverse range of perspectives, questions to consider, and thoughts. (\*\*I've documented the prompts many of your generously provided to analyze the situation further in a quarterly planning tool I use. I am certain working through this over the next 3 months will help with understanding better my motivations for early retirement vs. staying in paid work.) + +**Thank you!** +I would not be surprised if we dropped to double digits honestly. They want to make the price as low as possible to get algos and retail to sell before the recalls start coming in. It's as simple as that + +Not financial advice +So, I apparently owe the IRS $11,000, which came out of nowhere. I asked my tax preparer throughout the year if I would owe anything and he said - no - but as of yesterday I do. I always assumed I would owe after selling my 2-Family but he assured me that we had no cap gains. We didn't really prepare for this. We have the $11,000 but it would wipe out much of our "oh shit" reserve fund. + +Do I have options when it comes to paying this? Can I push it off? I am installing solar in May and I am looking to get back $15,000 on next year's return because of it. Any chance I can defer the $11,000 until next year? +So this has been really annoying me, seeing the amount of people say that "they lived through the mortgage rates of the 90's" blindly ignoring all of the other cost of living challenges that people now face. Following reasonably heated discussion with the in laws, I decided to calculate it. + +The maths is really simple, and probably over simplified, just like the people that claim that they lived through high interest rates. + +So: + +Average income (1990) - £20,488 + +Average tax (1990) - 20% (rounded) + +Average household income after tax (1990) - £16,538 + +Average household income spent on mortgage (1990) - 38% + +Average monthly household income spent on mortgage (1990) - £518 (I have seen this figure be higher through other places, higher payment = higher equivalent interest at the end of the maths, so it doesn't really matter) + +&#x200B; + +Now, calculating the ratio of income to house price for the 90's: + +Average house price - £57,726 + +Average house price to income ratio - 2.82 + +2022 Average house price to income ratio - 9.1 + +Meaning that the ratio is now \*3.22 times higher cost in 2022\* + +&#x200B; + +So what does that mean for a mortgage payment? + +&#x200B; + +Multiply the monthly mortgage payment of £518 by the 3.22 times higher cost, to give an equivalent monthly cost of £1,669 per month. + +&#x200B; + +Based on an 80% LTV mortgage - £57,726 x 0.8 = £46,180 Deposit. + +&#x200B; + +Finally plug the into the mortgage calculator in Google (search mortgage calculator), give it a 25 year term (BIG LOL), and fiddle the rate until the payment comes out as matching the monthly payment of £1,669 which is 43.37%. + +&#x200B; + +Yes some of the assumptions are quite generic, but i'm trying to put it all in ballpark real terms that can be used to directly combat the talking points used by those that simply do not understand the real world terms of the problem + +&#x200B; + +TLDR; Next time you speak with someone in the "we lived through the 90's" generation, maybe remind them that 15.4% on a 90s property with 90s income is an absolute fucking steal, and roughly 1/3 of what the equivalent cost is today, and ask them "but did you live through 43.4%"? +I have started browsing this sub recently and noticed a common thread. I see people who get into financial trouble or lose their job when their car breaks down and they cannot afford the repairs. I have been in the automotive repair business for 15 years and often try my best to help people who are financially stricken. I can offer free advice on how to make repairs yourself to get you back on the road. I regularly service and have in depth knowledge on vehicles of all makes and models (barring exotics). I can tell you how to replace timing belts, CV shafts, wheel bearings, diagnose misfire, ect. Unfortunately, my advice is U.S. centric since that is the market I am familiar with. If someone wants to attempt a repair themselves, I can walk them through the steps and tools required. I started off repairing vehicles for students at a nearby college campus in a Walmart parking lot so I am aquatinted with roadside repair work. + The western world has its fair share of corruption between political parties but its nowhere near as blatant and devastating as the corruption happening in places like Africa and central Asia. + +Interestingly, these are the same regions that are currently witnessing the fastest growth in crypto awareness and not only that, they’re actually putting crypto into good real world use. + +One of the major examples is how expats are sending money back to their families through crypto exchanges for fees equal to fractions of a cent instead of using institutions like Western Union that press MUCH higher fees which end up piling over the months. + +And that awareness and push for use cases is only growing more and more as some crypto organizations are starting to notice the potential in these regions. + +Organizations like BitDAO are even funding subdaos like AfricaDAO with tens of millions of dollars in order to boost crypto awareness in African regions and start giving them a sense of what self governance is. + +In the developed western world, many treat crypto as a commodity or side investment to make a quick buck. Meanwhile some countries actually treat crypto as a safe haven from government corruption and fraud. + +This is why many of us might still not take crypto as seriously as it should be taken. But the fact is, that the real utilities and use cases are being pushed in the developing world. +**\*\*\*\*\*\*\*\*\*\*I am not a financial advisor, this is not financial advice\*\*\*\*\*\*\*\*\*\*** + +Edit: forgot to mention that the exact same thing seems to be happening with AMC, which further makes me believe that this is orchestrated! + +# Introduction + +Apes, I've relapsed. Yup, I did it. I stayed away from it for so long, but I just couldn't kick the urge. Yes, I am doing another technical analysis on GME. I'm sorry, I'm an addict. + +https://preview.redd.it/xwqtkmohihy61.png?width=1328&format=png&auto=webp&s=5557040f9b7e2fda99e857c9d48cb094ce0db843 + +This was not meant to bash any TA people. I love your work and watch it daily. I am literally a technical trader as well. However, in my previous DDs, I've stated that I don't think TA applies to GME like it does other stocks because of how manipulated it is. As a technical trader, this hurt my soul and my penis. However, I think I worded it wrong. What I should've said was technical analysis alone should not be used on GME because it is manipulated (i.e. don't just trade on RSI, MACD, etc. consider other things). I believe that TA can be used to help emulate certain points. TA must always be taken with a grain of salt and I believe that it should be taken with approximately 7 (or 6.9) grains of salt with GME. This post will not be a general TA on GME because we all already know that most of the TA says it's ready for bull semen (bullish). Instead, this will be a TA on a very specific topic that goes along with my previous DD and helps us understand where we're at and where we're going: GME's consolidation triangles. + +The Bermuda triangle is a dark dangerous place. Many great men have died in it. It's dark and ominous. It gives no care to its victims, swallows them up, then looks for the next one. It's scary, violent......... and wet. It's engulfed more sailors than Moby Dick. Sometimes it has a strange odor. It's hairy in all the wrong places. I fucking hate it, it's a stupid, non-appreciative BITCH who constantly cheats on me, fucks the mailman, takes my money, and hogs her boyfriend all to herself so I don't get..... OH..... sorry about that apes...... it appears I've gotten ahead of myself and have gone on a rant. That was supposed to be a metaphor for the consolidation triangles that are currently cucking GME, but it turned into a metaphor about my wife and her vagina. OOPS. + +https://preview.redd.it/v9np7nnjihy61.png?width=512&format=png&auto=webp&s=fd6c69899689dd44c5c2ece2df479020861862e1 + +Ya know all those videos of Trump talking about politics at Mara-a-Lago weddings and everyone seems incredibly uncomfortable and it really feels like he crashed the wedding? That's me right now at this Chuck E. Cheese's telling all these soccer moms about how the stock market is built on rehypothecated shares which is why every time there's a liquidity crisis, it's 10x worse than it should be. + +Just wanted to give a quick shoutout to u/crikelz. This guy has literally been creating audio readings of my posts on his Soundcloud. I think that is awesome because I personally love watching YouTubers for DD at night when I don't feel like reading. I think that doing things like this is great because it makes our DDs more accessible on other mediums, which could help recruit more apes. + +This DD is going to discuss the triangles that keep forming for GME and will give some of my reasons as to why we are in this consolidation period and why it feels so weird. + +ENJOY. + +# GME Consolidation - Intro and Technicals + +GME is currently in a consolidation pattern. We all know this. A consolidation pattern is where the price remains relatively flat, stable, or nontrending on lower volume than when the stock is trending. + +https://preview.redd.it/bcgkk4plihy61.png?width=520&format=png&auto=webp&s=bc8cd1db144db423e64dc654882812c439b90957 + +As you can see, the stock stays within a certain range on lower volume then breaks out either up or down on higher volume. A consolidation pattern means either the market is unsure of where the stock will go or the market is intentionally staying away from the stock until something happens. Consolidation patterns usually break on catalysts because they create volume and give it a sentiment. Consolidation periods can break on technicals alone, but catalysts provide an easier and often stronger way for this to happen. + +**Indicators** + +Many people have been pointing out that GME's OBV is still through the roof despite the price being lower. When a stock is consolidating and OBV is going up, that is a sign that the stock will likely break out of the pattern on the upside because it means that positive volume is winning over negative volume in the consolidation period. Of course, a bad catalyst or influx of sell orders could completely reverse this. + +https://preview.redd.it/ghreh9moihy61.png?width=1076&format=png&auto=webp&s=7d6784f0e461d589c44aa7154c66256e434ef0d2 + +Above, I put the OBV on the day chart, which gives a picture of where we're at and the two charts below are the 30d and 90d charts just so you can see that GME's OBV isn't messed up or erroneously positive. These look much more normal considering the recent price action. However, when taken into context of GME's entire chart, OBV is still grossly positive even post-squeeze. So OBV is staying relatively flat during this consolidation but is still higher than the peak of the January squeeze? That's bullish. On top of this, we all know about the MACD, TTM Squeeze, RSI, etc. being set up to give us room for bullish runs. There's tons of information about that on this sub, so I won't add it here. + +https://preview.redd.it/8uceisjqihy61.png?width=844&format=png&auto=webp&s=4ee6706bc3a533fd61607a7cf41210e96a12e9e7 + +# "But Uncle Hank, Wen Stonk Brayk Cunsolidayshun?" + +The conclusion that you should arrive at from the above information is that 1. We are currently in a consolidation period, 2. Breakouts to the upside or downside happen when a consolidation is broken, and 3. The indicators suggest that we could be going to the upside. + +With that in mind, I'm going to discuss where I think we could be going based on these consolidation patterns. Most of you probably know that I made a DD where I laid out how the FTD Cycle, new rules changes, and OTC data explain everything about GME. I still stand by that theory and will be incorporating parts of it into this DD. That DD was "the why." This DD is "the how" as I will be looking at chart patterns to give us an indication of when we could breakout and a theory I have about why we are trading sideways for so long. + +The short answer to "when could we breakout?" is literally anytime. There could be a horny whale that comes in any time and breaks us out of this. Contrastingly, there could be an incel HF manager who breaks us out on the downward side (less likely IMO). Because of the sheer length of this consolidation pattern; however, I don't think either of those are likely. + +Ever since the end of the January squeeze, GME has consistently been forming triangles/wedges and has been breaking them on the upside; however, since after the big March 10th drop, GME has been forming triangles and, instead of breaking out on the up or down side, it slightly adjusts the pattern to allow it to continue consolidating. It seems that every time we hit the apex of the triangle, we go slightly above or below it but not so much that we break the pattern. Instead, we continue consolidating using new, but similar support and resistances from past levels. It is important to note that a consolidation period is broken when the price goes up and down rapidly in one direction. This is usually caused by a massive amount of volume. What has GME been missing these past few weeks? Massive price trends favoring one side and volume. Below, I have drawn some of the consolidation patterns, how they were broken and the new ones that formed. + +https://preview.redd.it/ggj5amxtihy61.png?width=1406&format=png&auto=webp&s=81855fb0c5fb048aba4d07de3ac75fa2a08ee484 + +Here are the triangles that we broke post-squeeze. As you can see, there's a consolidation on lower volume, and the trend is broken by high volume and a positive swing to the upside. + +https://preview.redd.it/dsl0eehvihy61.png?width=1368&format=png&auto=webp&s=57334d0c52c16c823cd2dadffbe154e73f974049 + +Here, we have the infamous "mother of all cup and handles." This pattern clearly formed; however, there was no massive volume spike nor massive price trend one way or another to confirm a breakout. Instead, it just consolidated and broke that trend. + +https://preview.redd.it/2xjpbc8xihy61.png?width=1990&format=png&auto=webp&s=2156e721cebeca40ab4a3c98cbd1e242f67a7e63 + +Here we had the triangle forming after that crazy March runup. You can argue that the price action was sufficient to have broken the trend. However, the volume clearly was not and the stock recovered the very next day and continued to consolidate. + +https://preview.redd.it/iwr2d1tyihy61.png?width=2048&format=png&auto=webp&s=8d72be210ea1e3d8d61df68e4f8aa28ee5138f14 + +Oh look another triangle being formed. Oh look another apex. Oh look it broke the pattern. Oh look volume was low. Oh look it kept consolidating. + +https://preview.redd.it/eeo3lz90jhy61.png?width=982&format=png&auto=webp&s=f7c0ca7cb5d5cd3c4dd779fc288b6a604f86bb79 + +After the May dump and earnings festivities, it seemed that we were again going into another triangle pattern. However, once it reached the apex, did it breakout? Nope, low volume, very minuscule price action. + +https://preview.redd.it/j014t684jhy61.png?width=1266&format=png&auto=webp&s=a08c2c3aad501b11e7efb7c11ad749004fc3b34a + +Here, we had the mother of all wedges. The mother of all wedges hit an apex in early May. Did it break the consolidation? No. There was no price or volume swing. Instead, it just continued consolidating in a new pattern. + +https://preview.redd.it/mo56v1b6jhy61.png?width=846&format=png&auto=webp&s=8dbd33a09b1beabd68d4d13fe5839013bbb9ae3b + +Next, the symmetrical triangle I kept seeing on this sub a week or so ago. It hit an apex and what did it do? It went down slightly but on absolutely no volume. Consolidation continues. + +I could plot a million more of these. The point is, GME keeps showing us consolidating patterns. Everytime you draw one and it nears the apex, it breaks the pattern but keeps consolidating because volume is low and price refuses to swing. You probably remember hearing on this sub "the apex is coming on X day" and nothing happening. Then someone else saying the same thing a week later. The people who have said these things are not wrong. They were right about the apexes happening; however, no breakout happened. + +So, what are the constants? GME is consolidating. It keeps forming triangles/wedges. Every time it hits the apex, it breaks the pattern and creates a new consolidation period. Volume keeps decreasing. OBV is staying neutral to positive. + +**So what does all this mean?** + +IMO there are a few possible meanings for where we are right now. I believe that someone is indeed forcing GME to trade this way. It could be either a whale who is trying to kick the can down the road while keeping the price up to maintain interest, it could be a HFT just trying to reap some quick profits (unlikely because of the low volume), or it could be a HF who is trying to kick the can down the road or is trading as a result of the FTD cycle. The low volume could be HFs suppressing volume through OTC trading (we have evidence of high OTC trading but no indication of what exactly is happening in it, so idk about this). + +The low volume is what stands out to me the most because it just doesn't make sense. Like I said, if boomers really thought this was 5x overvalued, they'd be shorting its tits off which would give it high volume to the negative side. Seriously, if you saw a stock that you thought was 5x overvalued, you'd be DUMPING shorts on it because free money, right? But contrastingly, apes and open-minded whales love it, so you'd still expect high volume on the buy side too. This makes me consider that the volume very well could be manipulated because, as I said, it just doesn't seem right for GME to be consistently trading at this disgustingly low volume. It also makes me think, however, that maybe all of Wallstreet knows about how bad this situation is already and is purposely trying to stay out of it. Finally, one last theory is that GME is almost impossible to borrow. I talked about the person who called Interactive Brokers last week and was told that GME's borrow rate is so low because it's extremely hard to borrow but there's no demand to borrow it. This, however, doesn't explain the lack of positive volume. It's hard to know which one of these is the case, but I will emphasize that it doesn't feel right to me in any way, shape, or form. + +https://preview.redd.it/dio1c1g8jhy61.png?width=1048&format=png&auto=webp&s=01d0f58b8e9a4f5c58ff859f0d84f76c7e11831e + +# Where we could be going + +As I told you before, GME is trading in a consolidation pattern. Every time it has the chance to break out of the pattern, it just keeps consolidating by forming a new pattern. This makes me believe that someone is orchestrating this on purpose (whether for good or for bad). + +There is a very real chance that this sideways trading and low volume continue for the next few weeks up until the annual meeting. That would look something like this: + +https://preview.redd.it/nutyk8pajhy61.png?width=1774&format=png&auto=webp&s=b883d86fafee9805a24c27a6f1cd01b4646074ea + +Note that the support could definitely fall to the $120 that we saw post earnings. I don't see a world where GME every goes below that point. This would form a wedge, which is still a consolidation. I would expect the annual meeting and earnings report to have some kind of bombshell but that's what I thought last time and it certainly didn't happen, so I'm not banking on it. + +Furthermore, there's a very real chance that we could trade sideways like this well into the summer. Many of you may remember that on my last DD, I discussed u/c-digs [DD](https://www.reddit.com/r/Superstonk/comments/mu9xed/why_were_still_trading_sideways_and_why_we_havent/) where he theorized that perhaps Wallstreet is trying to keep GME from mooning until all of these rules are passed so that their other assets are safe and they are not forced to pick up Citadel's shit. The OP said that the latest these rules could be passed is by the end of July (based on SEC reviewing dates). I'm going to go with mid-august just to be conservative. That would look something like this: + +https://preview.redd.it/qwagollcjhy61.png?width=2208&format=png&auto=webp&s=d3b6bf653e5d3f906c8c026579299cc69c8fbc83 + +Because this is such a bigger timeframe, it's much harder to accurately predict price movement, so this is just a rough sketch. If this were to happen, we'd keep forming triangles, keep breaking them, and keep consolidating. I also want to again point out that we could see it touch the $120 support again, which would create a wedge. Either way, it's still a consolidation. + +We could also see another jump due to the next FTD cycle happening, which is about 10 trading days away. The last one was not as high in price or volume as the others. Perhaps this was due to the consolidation pattern, perhaps it has to do with shorts running out of ammo, who knows. We could also see drops on May 14th and May 28th as these are settlement days where u/criand has noted in [his post that](https://www.reddit.com/r/Superstonk/comments/n792mf/all_shorts_must_cover_theyre_entering_the_danger/) the price tends to drop near the SI report dates (read that post if you haven't it's a masterpiece). + +https://preview.redd.it/vhwia9kfjhy61.png?width=2128&format=png&auto=webp&s=90434d096288c2eec28deb3851828219661bc3e4 + +Here is a bigger view with more FTD cycle dates (positive) and more settlement dates (negative). Those lines are extremely rough approximations. There are about two settlement dates per every 1 FTD cycle. I did not try to find the exact dates, so do not take this as fact, it's just an approximation: + +https://preview.redd.it/9qhvpychjhy61.png?width=2212&format=png&auto=webp&s=e901edea69a8164aee9c7c0ace73f91fff9352a4 + +REMEMBER, I could be completely wrong on all of these and at any time we could just hike up in price and volume (I hope that's the case). This is not what I think will happen. This is just an explanation of why it's happening and what it could look like if it continues. THIS IS NOT A PREDICTION BY ANY MEANS. + +**Reiterating that this is weird** + +Apes, it feels like something's coming and it's not my wife. The low volume but the relatively stable price makes no sense to me considering the context of GME. Whether a fund/institution is long or short, you'd expect wayyyyy more volume on one side or the other (if you're bullish on GME, you'd want to inject volume to start the squeeze. If you're bearish, you'd want to inject volume to get it going down rapidly, so you can profit). The low volume just doesn't make sense considering where the price is at and the context of the stock. + +We also haven't seen any news whatsoever lately, so perhaps we could get some soonish. Maybe that could serve as a catalyst (remember tho, GME reacts strangely to catalysts as I've long said). + +If in fact, a whale is waiting to pounce on GME (it is purposely sidelining itself), there is a chance that Citadel is bogged down so hard that they've given up at this point and the whale is just waiting for the rules to be implemented or for a newsworthy event to happen so they don't get charged with manipulation. Either way, I feel like something is coming, because this low volume yet relatively stable price makes absolutely no sense to me. On top of this, [u/infation](https://www.reddit.com/user/infation) recently pointed out in [this great DD](https://www.reddit.com/r/Superstonk/comments/n7c5ak/potential_evidence_shorts_are_fukt_and_have_not/) that GME orders are getting smaller and smaller (odd lots). Could this be an indication that shorts are running out of ammo? + +Perhaps HFs are indeed out of ammo. We are seeing smaller short attacks, lower volume, and smaller FTD cycle increases. Perhaps this indicates that they are truly out of ammo or have even been margin called already (remember Archegos got margin called a month before the crazy price action happened). Trade size getting smaller and smaller could be evidence. Either way, something does not make sense right now and something has to be coming (again not my wife). + +Moreover, IV is also disturbingly low. This means that options are getting cheaper and cheaper to buy. Could this be by design? Could someone be trying to consolidate price so options are cheaper and a gamma squeeze can happen easier for less? Perhaps but it's impossible to know. For reference, a normal IV is anywhere between 25%-60%, GME's was once at 600% and is now at about 130%, so it's still extremely high, but for GME, it's low. Remember, IV is the market's sentiment on where a stock may go (130% means a 130% change in either direction) based on options purchasing and some other factors. + +Additionally, the broader stock market seems drastically overheated. I've never been a 🌈🐻, but geez does it feel overbought to me right now. Below is a one-week chart of SPY. IMO, it has entered the danger zone (above the yellow line) and will correct soon. It is also overbought on the weekly chart for the first time since before Covid: + +https://preview.redd.it/2b6zyfbjjhy61.png?width=2218&format=png&auto=webp&s=1937485b44df6cf5cfa007993c22456b510ca320 + +The Market is priced like the recovery has already happened. This is propped up on loser regulations and lower interest rates, which will have to be tightened eventually! Remember, GME does the best during volatile market times (does GME create these volatile conditions or does it benefit from them? who knows!?). Are we gearing up for volatility because of this overbought market? I'm fairly certain of it. + +https://preview.redd.it/0j8gg1vkjhy61.png?width=1316&format=png&auto=webp&s=42dad879e2740b7e96722ee93006eeae22b7fe3f + +I used to trade NIO when it was in the 50-60s. I was shocked at how the stock would essentially do whatever SPX did but times 2. GME, on the other hand, will be down 8% for no reason or up 10% for no reason. Again, THIS IS NOT FUCKING NORMAL (see the section in my most recent post about FUD if you need Uncle Hank to head you a lullaby). NOTHING HAPPENING WITH GME IS FUCKING NORMAL RIGHT NOW. + +**DFV** + +Finally, apes, remember, DFV doubled down. The last time he did that was in mid-February during a consolidation. If you would've asked me, or most people, if they would've thought GME would go from $40-$350 in less than a month, I would've said you're crazy. However, I will never doubt DFV again. He has been on this for years now. He knows things we don't. He's in so deep. He could retire in luxury but is risking his entire net worth on a stock that has gone up and down by hundreds of percentage points in the past few months and is clearly being manipulated by powerful people who want to see it go down. Do you really think he's doing this just to "stick it to the man" or "make a statement?" FUCK NO. You don't do that with your net worth. What I'm just realizing about DFV is that this whole thing was never a gamble for him. He knew he made a good investment. Maybe he didn't know that the stock would squeeze up to $400+ but he sure as hell knew it was undervalued when he bought. He also knew it was undervalued at $40 in February, and he was correct. Considering how intelligent and thoughtful he is, I'd believe that he thinks 150ish was undervalued when he doubled down again because, again, you don't gamble with your entire net worth unless you are practically certain, and this main has been right too many times for me to doubt him this time. If DFV is in more than even and hodling more than ever, then I'll do the same because I REFUSE to doubt this man again. DFV, if by some miracle you're reading this, I love you in the most homosexual, non-platonic, disturbing, way possible. You can have my wife if you'd like. She's all yours. + +https://preview.redd.it/g2jq7gsmjhy61.png?width=1312&format=png&auto=webp&s=84d1fd645da13f5da0a57b2d986eec626256c653 + +**Conclusion** + +Per usual, stay strong, apes. + +**TL;DR** + +Since early March, GME has been in a consolidation pattern. Every time the consolidation reaches an apex, it doesn't start a new trend because volume is so low, it just starts another consolidation. This makes me think that someone (friend or foe) is purposely doing this. It could be a whale waiting for the new regulations, the annual meeting, or the perfect moment. It could be HF who is the victim of the FTD cycle. Either way, this low volume, makes zero sense to me! + +**\*\*\*\*\*\*\*\*\*\*I am not a financial advisor, this is not financial advice\*\*\*\*\*\*\*\*\*\*** +*DISCLAIMER: If you are a new investor I highly encourage starting off in your own back-yard. If you do decide to expand out of state than its crucial that you have folks on the ground that you trust with 1,000’s of dollars.* + +**The Initial Silo** + +Before you spend any serious time analyzing a market you need to understand what kind of investor you are; financially and emotionally. Are you risk averse? Limited capital? Looking for day one cash flow? Short term appreciation? + +Investment strategies and metrics can vary by region. If out of state and starting from from ground zero. Begin with choosing a region (i.e. mid-west, west coast, sunbelt, east coast) based on your investing style. Then narrow your search to metros, and then neighborhoods. + +Now on to research. + +## Important Demographics + +I break demos down into three categories. (1) Demand Drivers, (2) Economic Health, and (3) Supply & Demand. + +**Demand Drivers**. Insight into past & present growth.  + +* Population Growth (historical and current) +* Household Income Growth (historical and current) +* Job Growth (historical and current) +* Home Value Growth (historical) + +**Economic Health.** How costly, temperamental, and diverse the economy.  + +* Unemployment Rate +* Median Household Income +* Cost of Living +* Poverty Level +* Economic Diversity + +**Supply & Demand.** Insight to how competitive a market. Rising supply over demand = lower prices. + +* % Renter Occupied  +* Inventory +* Vacancy +* Under Construction Units (as % of inventory) +* Absorption +* Delivery + +Once you understand the supply side of the equation you can layer the demand numbers on top. Be sure to read up on local legislation and zoning to find/understand supply constraints. + +**Example of how supply effects rents:** + +Let’s say a metro has 750,000 households. 25% of the population are renters, or 187,500 renter households. 50% of the renter households live in multifamily units (93,750 units). Vacancy rate is 5%. So, there are 89,063 occupied multifamily units. AKA Demand = 89,063 rental units. (750,000\*.25 =187,500 ; 187,500\*.50 =93,750 ; 93,750\*.05 =89,063) + +&#x200B; + +||Year 1|Year 2|Year 3|Year 4|Year 5| +|:-|:-|:-|:-|:-|:-| +|Inventory Units|93,750|93,750|93,750|93,750|93,750| +|Vacant Units|4,688|2,016|\-736|\-3,571|\-6,491| +|Multifamily Renters|89,063|91,734|94,486|97,321|100,241| + +*No New Supply* + +How many units per year would need to be built to keep up with growth? + +With a population growth of 3%, developers would need to deliver 3,000 units per year to keep up with demand. Here’s what the forecasted supply would look like if 3,000 units were brought online per year. + +&#x200B; + +||Year 1|Year 2|Year 3|Year 4|Year 5| +|:-|:-|:-|:-|:-|:-| +|Inventory Units|93,750|96,750|99,750|102,750|105,750| +|Multifamily Renters|89,063|91,734|94,486|97,321|100,241| +|Vacant Units|4,688|5,016|5,264|5,429|5,509| +|Vacancy Rate|5.0%|5.2%|5.3%|5.3%|5.2%| + +*3,000 New Units Annually* + +## Applying these demographics + +You now understand what kind of investor you are, what region fits that style, and what demos to keep an eye on. It’s time to apply this knowledge. + +The first step is identifying the metro. Start by compiling a list of possible metros and use Neal Bawa’s rule of thumb guide to filter\*\*.\*\* + +**Metros:** + +1. Population Growth + 1. Large cities (i.e. LA/NYC) = 10% growth since 2000 + 2. Smaller cities (i.e. Phoenix, Orlando, Las Vegas, Columbus) = 20% growth since 2000 +2. Income + 1. 30% growth since 2000 +3. Median House/Condo Value + 1. 40% growth since 2000 +4. Crime + 1. Sub 500 on the [city-data](http://city-data.com/) crime index +5. Major Employers + 1. No one employer has greater than 20% market share + +Time to niche down to neighborhoods. + +**Neighborhood:** + +1. Household Income + 1. Between $36-$70K +2. Poverty Level + 1. Sub 20%.  +3. Unemployment Rate + 1. Not 2% greater than the metro rate. +4. Diversity + 1. No on race is 75% or more of an entire population + +## Path of Progress + +Next – identify the path of progress. This further solidify’s what neighborhoods are of the best quality and which neighborhoods you can expect to see growth. + +Use the Wendy’s Model. Wendy’s historically followed McDonalds in order to attract demand. Like Wendy's follow the national retailers. They will find and create demand. Let them do the dirty work for you.  + +The best tool for this is Google My Maps. You can search major retailers (i.e. Target, Whole Foods, Costco, OrangeTheory Fitness, etc.) and pin them to your map. Be sure to keep the pins to a minimum. Be selective. By adding too many tenants you will muddy the map — defeating the point. + +## Comps and KPI’s + +You now know what neighborhoods are good or bad and where growth is headed. Time to focus your attention on the real estate -- comparable’s and key performance indicators. + +Key performance indicators in real estate + +* Vacancy +* Cap rate +* Annual rent growth +* Absorption +* Delivery +* Market rent/unit +* Market sales price/unit + +## Rent Surveys & Sales Comps + +First, run rent surveys on each neighborhood you identified as “good”. There are a myriad of resources for this — craigslist, apartments.com, hotpads.com, etc. Build out these surveys in excel. Make sure your noting things like Class A vs. Class B and renovated vs run-down. + +Next, run comps using actual sales data and rents at time of sale. This will give you an average sales price, average rent rate, gross rent multiplier, and cap rate. Make sure date of sale is within a reasonable time frame (2 years). + +Use this info alongside your underwriting and you over time you will be able to clearly see good deals vs bad deals. + +**Done.** +Chart here: [https://www.cnbc.com/quotes/?symbol=.DJI](https://www.cnbc.com/quotes/?symbol=.DJI) + +Obviously, it can keep falling if coronavirus continues to spread, I get that. But I wonder if part of this isn't JUST the virus, although that was the major causative factor. I think people were generally thinking this market needed a bit of a correction, and the virus, while a major danger to markets in its own right, provided everyone an opportunity to unload all of their anxieties. + +We'll see how far down it goes. +Given the extreme climate events across the globe this past year (and the decades of climate change leading up to this year), how are people grappling with the concept of growth during an emergency? BC for example, given the destruction that occurred this year, how could anyone expect a government to balance a budget in the next decade? Extrapolate BC’s experience across the rest of the globe and throw in 3 million plus COVID deaths, how are we not in a perpetual state of disaster relief? And how does this not lead to a long term global recession? + +I know there is an argument that the world has, and always will be, in crisis and that we have always persevered, but the issues we face now (mainly climate change) feel a bit different than the past conflicts manufactured by political, ideological, or religious disagreement. + +I could go further with doom and gloom, and I know many will see this is an extreme stance, but I’m really looking for counter argument. What makes you optimistic about long term market growth? Do your investments feel ethical to you today, how about in 15 years? +Hi there, + +I started looking into private pension funds recently because I have \~400€ monthly that I'd like to contribute towards my long-term goals. + +My situation: + +* 25 year old, living in Germany, no debt +* Current "portfolio": + * 300€/mo into Vanguard FTSE All World Sparplan (Commerzbank) + * Contribution to employer pension plan (\~100€ from my net salary, with the employee contribution & tax savings it amounts to \~280€/mo)--> it goes to a 50/50 split of DACH & FTSE All World iShares ETF + * 6k€ cash for emergencies (still want to grow this, and I have room for it aside from the 400€ I planned above) + +Options I considered: + +* Increase the employee pension plan contribution + * PRO: Tax savings (but no more bonus from employer as that's maxed out) + * CON: Very inflexible (can't withdraw anything before 62y) +* Start a private pension plan + * PRO: Tax savings, more flexibility (can withdraw if really needed), more security (guaranteed payout), at the end they still invest in ETFs (10% bond, 30% euro stoxx 50, 20% EM, 40% msci world) + * CON: Fees that the plan would have that are calculated into my return, reduced visibility (more complicated plans - depending on the company) +* Increase the contribution to the ETF Sparplan + * PRO: Full flexibility, full visibility, lowest fees + * CON: Full taxes on cap. gains + +Currently I am leaning towards the **pension plan option**, but I'm curious **if you see any downsides to this** or are there any other points that you might have? +A Case story of Naked Shorting in GME + +TLDR: **Naked shorting appears prevalent in GME, and if true was likely aided by DTCC, whom by extension may have shut down the short squeeze on 1/28 because it would've caused a massive scandal had the squeeze happened**. + +I was doing some research on naked shorting in the context of GME which led me down a rabbit hole of pieces connecting with each other as it relates to GME. I was taking notes while reading and below are the results of my notes. This is still a hypothesis and theory but appears supported by numerous pieces of the puzzle, I could be wrong but personally the pieces seem clear to me now: + +One of the interesting things about GME and a big part of what triggered the short squeeze happening is the extraordinarily large short interest percentage reported by Finra to be 226%, and later in the range of 150% percent of total float. Another interesting factor is the extraordinarily high number of FTIDs ([https://wherearetheshares.com/](https://wherearetheshares.com/)). Both are strong indicators of the practice of naked short selling which in general is illegal. In addition there have been many indications that there are far more shares out there then should exist (there are many analysis and data points pointing to this but just one example: [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/)). Where do these shares come from? One potential explanation is synthetic long shares (created via a loophole described here [https://www.reddit.com/r/wallstreetbets/comments/leorks/evidence\_points\_to\_gme\_shorts\_not\_having\_covered/](https://www.reddit.com/r/wallstreetbets/comments/leorks/evidence_points_to_gme_shorts_not_having_covered/)) or counterfeit shares caused by naked shorting. + +I’m an entrepreneur, not a finance expert, so I started doing some more digging on naked short selling to educate myself more on the subject. I started with this [https://www.sec.gov/investor/pubs/regsho.htm](https://www.sec.gov/investor/pubs/regsho.htm). “Failures to deliver may result from either a short or a long sale. There may be legitimate reasons for a failure to deliver. For example, human or mechanical errors or processing delays can result from transferring securities in physical certificate rather than book-entry form, thus causing a failure to deliver on a long sale within the normal three-day settlement period. **A fail may also result from “naked” short selling**.” + +Interesting. We have a consistent and very high rate of FTIDs dating from 2020 and beyond, an indicator that the stock has potentially been naked shorted for a long time. + +According to former Chairman of the SEC Christopher Cox, “Abusive **naked short sales... can be used as a tool to drive down a company's stock price** to the detriment of all of its investors. The Commission is particularly concerned about **persistent failures to deliver in the market** for some securities that may be due to loopholes in the Commission's Regulation SHO, adopted just two years ago… Selling short without having stock available for delivery, and **intentionally failing to deliver stock within the standard three-day settlement period, is market manipulation that is clearly violative of the federal securities laws**… We are particularly concerned about the potential negative effect that **substantial and persistent fails to deliver may be having on the market in some securities.** Specifically, these fails to deliver can deprive shareholders of the benefits of ownership - voting, lending, and dividends from issuers. Moreover, **they can be indicative of abusive naked short selling, which could be used as a tool to drive down a company's stock price**. (Source:[ https://www.sec.gov/news/speech/2006/spch071206cc2.htm](https://www.sec.gov/news/speech/2006/spch071206cc2.htm)) + +In a different speech Mr Cox re-iterated that short selling helps prevent "irrational exuberance and bubbles. But **when someone fails to borrow and deliver the securities needed to make good on a short position, after failing even to determine that they can be borrowed, that is not contributing to an orderly market – it is undermining it.”** Mr Cox also “referred to "the serious problem of abusive naked short sales” as “**a tool to drive down a company's stock price**" and that the SEC is "concerned about the persistent failures to deliver in the market for some securities that may be due to **loopholes in Regulation SHO**" (which reminds me of this piece I wrote [https://www.reddit.com/r/wallstreetbets/comments/leorks/evidence\_points\_to\_gme\_shorts\_not\_having\_covered/](https://www.reddit.com/r/wallstreetbets/comments/leorks/evidence_points_to_gme_shorts_not_having_covered/)) (source for SEC Chairman’s words: [https://www.sec.gov/news/speech/2008/spch071808cc.htm](https://www.sec.gov/news/speech/2008/spch071808cc.htm)) + +As another datapoint, Robert J. Shapiro, former undersecretary of commerce for economic affairs has claimed that **naked short selling has cost investors $100 billion and driven 1,000 companies into the ground**. (Source: This was originally in a time magazine article from 2005 which was deleted[ https://time.com/time/magazine/article/0,9171,1126706-3,00.html](https://time.com/time/magazine/article/0,9171,1126706-3,00.html) but the statement still exists in record in an SEC Filing from 2008[ https://www.sec.gov/comments/s7-08-08/s70808-170.htm](https://www.sec.gov/comments/s7-08-08/s70808-170.htm)) + +I also read ‘**One complaint about naked shorting from targeted companies is that the practice dilutes a company's shares** for as long as unsettled short sales sit open on the books. This has been alleged to create "**phantom" or "counterfeit" shares**, sometimes going from trade to trade without connection to any physical shares, and **artificially depressing the share price’**”. Shortly after, I read that Matt Taibbi contended the use of naked shorting and counterfeit shares was the tactic used to help kill both Bear Sterns and Lehman Brothers. Taibbi said that the two firms got a "push" into extinction from "a flat-out counterfeiting scheme called naked short-selling". (Source: [https://www.rollingstone.com/feature/wall-streets-naked-swindle-194908/](https://www.rollingstone.com/feature/wall-streets-naked-swindle-194908/)) + +All these sources above seem to support the theory that GME stock was wildly naked shorted, which put funds in the risk of being badly short squeezed. If investing on the basis of the extraordinarily high short interest percentage, GME was a prime candidate for a short squeeze to happen -- potentially even an infinite short squeeze. On 1/26 Elon tweeted about Gamestop and that was the day the stock entered the mainstream for a lot of people and retail investors began to really pile on to the stock outside of WSB. The goal of this was to push the stock price up and trigger a short squeeze, the theorized losers would be the funds that naked shorted and would be stuck in the squeeze. + +On 1/28 Thursday when the stock had immense momentum from the moment pre-trading started (the stock shot up to 513 in pre-trading) and it looked like the squeeze was going to happen that day, the momentum was suddenly shut down when Robinhood (where many or potentially majority of retail investors were on) were shut off from the ability to buy GME stock and only allow selling, followed by several other brokers. Many believe this was a result of collusion and that this shut down allowed badly besieged hedge funds to close some positions while the public was shut out of buying (but funds were not.) When this happened people were upset at Robinhood suspecting it was a result of potential collusion between Robinhood and Citadel (which along with Point72 invested a lifeline of 2.5 billion to Melvin Capital, one of the short side funds, and is also responsible for something like 40% of Robinhoods entire revenue by buying their order books), but many also speculated collusion with DTCC itself. Now, personally speaking, its kind of crazy to think about DTCC being complicit in something like this. However, looking into the details of what happened, a skeptical part of me became suspicious. + +Apparently what triggered the shut down on trading GME on that day was DTCC sending a letter at 4 am to Robinhood requiring them to come up with 3 billion dollars ([https://fortune.com/2021/02/02/robinhood-gamestop-restricted-trading-meme-stocks-gme-amc-vlad-tenev-nscc/](https://fortune.com/2021/02/02/robinhood-gamestop-restricted-trading-meme-stocks-gme-amc-vlad-tenev-nscc/)) . So it sounds like it was essentially this DTCC letter that led to the shut down of the momentum on GME and the short squeeze happening. On that day, there were theories thrown out that DTCC was potentially complicit in the naked short selling of GME and intentionally did this to stem the massive blow back/scandal if an infinite short squeeze did happen. Assuming the price of share of the price rocketed to 1000 or beyond (which would be likely in the event of a short squeeze or infinite short squeeze), hedge funds would likely go bankrupt as financially speaking there would be no way they would be able to cover all their shorts, and presumably entities that lent the short side hedge fund the shares to short would be holding the bag. Worse, DTCC would be exposed for being complicit in this entire thing, I imagine it would be an incredible scandal to say the least. + +Then I read something that caught my eye… DTCC has had a history of being at the center and source of naked shorts. From an article dating back to 2007, “Depository Trust & Clearing Corp. is a little-known institution in the nation's stock markets with a seemingly straightforward job: It is the middleman that helps ensure delivery of shares to buyers and money to sellers. About 99% of the time, trades are completed without incident. But about 1% of the shares -- valued at about $2.5 billion on a given a day -- aren't delivered to the buyer within the requisite three days, for one reason or another. **These "failures to deliver" have put DTCC in the middle of a long-running fight over whether unscrupulous investors are driving down hundreds of small companies' share prices**.” (Source: [https://www.wsj.com/articles/SB118359867562957720](https://www.wsj.com/articles/SB118359867562957720)) + +Apparently the DTCC has been known to be allowing or complicit in this action for a very long time. According to Wall Street Journal “**There is no dispute that illegal naked shorting happens. The fight is over how prevalent the problem is -- and the extent to which DTCC is responsible**. Some companies with falling stock prices say it is rampant and blame DTCC as the keepers of the system where it happens. DTCC and others say it isn't widespread enough to be a major concern.” (Source: [https://www.wsj.com/articles/SB118359867562957720](https://www.wsj.com/articles/SB118359867562957720)). + +"It has been alleged in **tens or hundreds of lawsuit**s that the DTCC and its **Prime Broker owners have abused their monopoly position to create numerous techniques that allow for the creation of counterfeit shares through naked shorting** that facilitate stock manipulation by hedge funds. Law suits have been brought against Merrell. Lynch, Goldman Sachs, Morgan Stanley, JP Morgan, UBS, other market makers and also the DTCC. The Prime Brokers and DTCC have fought back ferociously against these lawsuits with great success and **have been largely successful in blocking attempts to gain access to their transaction data bases. The information that they do release is incomplete, self-serving and misleading**. (Source: [https://smithonstocks.com/part-3-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-prime-brokers-and-the-dtcc-have-a-troubling-monopoly-on-clearing-and-settling-stock-trades/](https://smithonstocks.com/part-3-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-prime-brokers-and-the-dtcc-have-a-troubling-monopoly-on-clearing-and-settling-stock-trades/)) + +As a thought experiment, lets say naked shorting is rampant in GME (many many indicators point to this) and lets say DTCC was ultimately responsible for allowing a wide scale naked shorting campaign on GME, wouldn’t it be in their best interest to make sure this doesn’t get out and blow up in their faces? Something to consider. Because had they not done what they did on 1/29 Thursday, many traders believe the squeeze would’ve happened that day. + +From the Wall Street Journal: “The Securities and Exchange Commission has viewed naked shorting as a serious enough matter to have made two separate efforts to restrict the practice. The latest move came last month, when the SEC further tightened the rules regarding when stock has to be delivered after a sale. But **some critics argue the SEC still hasn't done enough**… Some delivery failures linger for weeks or months. Until that failure is resolved, there are effectively additional shares of a company's stock rattling around the trading system in the form of the shares credited to the buyer's account, critics say. **This "phantom stock" can put downward pressure on a company's share price by increasing the supply… Critics contend DTCC has turned a blind eye to the naked-shorting problem.”** (source: [https://www.wsj.com/articles/SB118359867562957720](https://www.wsj.com/articles/SB118359867562957720)) + +From everything I’ve seen, as someone who has been an observer and a participant of this saga starting from 1/26, many things look very fishy and there are a lot of red flags people have documented. I personally hold the following hypothesis: + +* GME shorts engaged in rampant naked shorting which lead to the short interest of the stock being 221% and 150% at various times, and as late as 1/29 reported by S3 to be 122% [https://twitter.com/ihors3/status/1355246955874701314](https://twitter.com/ihors3/status/1355246955874701314) +* GME shorts potentially hid their positions via a loophole of generating synthetic longs ([https://www.reddit.com/r/wallstreetbets/comments/leorks/evidence\_points\_to\_gme\_shorts\_not\_having\_covered/](https://www.reddit.com/r/wallstreetbets/comments/leorks/evidence_points_to_gme_shorts_not_having_covered/)) and using those to “cover” their positions but not truly covering, which is illegal to cover using this particular method, and which has the effect of delaying the short needing to be closed, potentially betting on retail investors to lost interest and price to go back down before they truly close +* As a result of naked shorting a large amount of counterfeit shares are floating in the market leading to there being far more GME shares then the actual float +* The counterfeit shares can/have been used in [aggressive naked short attacks](https://www.reddit.com/r/wallstreetbets/comments/lf4vn3/yes_laddering_is_real_short_ladder_attack_is_just/) to further drive down the price of GME, which may have led to the precipitous price drop starting last Monday and which may have also been aided by if they were able to [artificially cover their shorts using synthetic long shares](https://www.reddit.com/r/wallstreetbets/comments/leorks/evidence_points_to_gme_shorts_not_having_covered) +* Due to the widespread naked shorting that all signs are pointing to, DTCC which has had history of being accused of turning a blind eye to naked shorts, may’ve turned a blind eye to the rampant naked shorting happening in GME +* There was potentially collusion on 1/29 to stop the short squeeze from happening whereby DTCC may be involved and may be implicated had the squeeze happened due to the position of naked shorts, it would have been an unbelievable scandal if exposed. + +With the GameStop hearings coming up on February 18th, I highly recommend you email and tweet the representatives involved in the hearing, as well as your own district representatives, and urge them to read into the factors presented in this post and **call the DTCC and Prime Brokers to the hearing**l. **They need to be questioned on why GME has so many counterfeit shares, failed to deliver, their complicity in naked shorting, and investigated for their role in the retail shut down of 1/28.** Below are 4 members of congress I recommend both tweeting and emailing + +Alexandria Ocasio-Cortez [https://twitter.com/AOC](https://twitter.com/AOC), email: [us@ocasiocortez.com](mailto:us@ocasiocortez.com) + +Al Green [https://twitter.com/repalgreentx](https://twitter.com/repalgreentx), email: [al.green@mail.house.gov](mailto:al.green@mail.house.gov) + +Maxine Waters [https://twitter.com/maxinewaters](https://twitter.com/maxinewaters), email: [maxine.waters@mail.house.gov](mailto:maxine.waters@mail.house.gov) + +Nancy Pelosi Email: [https://twitter.com/SpeakerPelosi](https://twitter.com/SpeakerPelosi) email: [sf.nancy@mail.house.gov](mailto:sf.nancy@mail.house.gov). + +And you can find other members of Financial Services Committee here to reach out to: [https://financialservices.house.gov/about/committee-membership.htm](https://financialservices.house.gov/about/committee-membership.htm) + +**Edit: Matt Taibbi's rolling stone article is highly relevant and good reading on this subject** [**https://www.rollingstone.com/feature/wall-streets-naked-swindle-194908/**](https://www.rollingstone.com/feature/wall-streets-naked-swindle-194908/)**, so many parallels that the signs are hard to miss. Even if you've read it before, recommend reading it again. Shows me that if the hypothesis posed is true, Prime brokers are likely complicit. Prime brokers also happen to own the DTCC. Here's an actual recent example where Prime Brokers are accused of coordinating naked shorting** [**https://www.securitiesfinancetimes.com/securitieslendingnews/industryarticle.php?article\_id=224548&navigationaction=home&page=1&newssection=industry**](https://www.securitiesfinancetimes.com/securitieslendingnews/industryarticle.php?article_id=224548&navigationaction=home&page=1&newssection=industry) + +**This brings up another interesting thought experiment a commenter brought up. On 1/28 when the price was 450+ and shorts were likely under 100, if we assume prime brokers allowed naked shorting in GME, then if the squeeze was about to happen or happening, if they margin called the shorts, they would go down as well as shorts would not be able to pay and brokers would be holding the bag. They have every incentive in this case to NOT margin call because doing so might also taken them down, instead the most logical option would be to make a backroom deal which is what I personally think mostly likely happened.** + +Also, a [compelling theory](https://www.reddit.com/r/Wallstreetbetsnew/comments/lglkwv/naked_shorting_in_gme_and_how_the_pieces_suddenly/gmsll2k/) put forth by someone on what the 800 dollar calls were for and how they could be used to cancel out naked shorts includes data/graphs, recommend giving it a read +Mom is 63.  She has worked at a large Fortune 500 company for 30+ years.  Plans to retire and start taking Social Security at age 65.  Her defined benefit pension will be approx $60k per year.  She has approx $400,000 in her 401k, ***but it's all invested in one stock (the company she works for).***  + +Dad is almost 67 and doesn't work anymore.  He worked a lot of odd jobs, ***never contributed to an IRA, has no 401k,*** and got laid off from his last job at age 62, so he started taking Social Security as early as possible (about $1,500 per month). No other source of income besides SS. He will get some money when my grandma passes away and her house is sold (but probably not even enough to pay off the current mortgage - see below.) + +Neither has any significant health problems, thankfully.  Unfortunately, they still owe about $250k on their mortgage with a ***maturity date of 2041***.  (My dad refinanced late in life to get rid of credit card debt. He's always been terrible with money.)  It is their only debt.  The mortgage is approx $2k per month, and their property taxes are relatively low. + +***I'm 35 with a stable job and good income & benefits.***  My only sibling is 38 but has a terrible employment history and no savings, definitely in no position to help me support my parents financially if that becomes necessary. + +# What steps, if any, should I take to plan for the next 15-25 years of my parents' lives, assuming they live that long? +https://www.cnbc.com/2020/12/20/mcconnell-says-congress-has-agreed-to-900-billion-coronavirus-stimulus-deal.html + +Negotiators have decided to provide stimulus checks worth $600 per person. The size of that benefit would be reduced for people who earned more than $75,000 the preceding year, similar to the last round of stimulus checks, according to two people who spoke on the condition of anonymity to share details of private deliberations. The stimulus checks would provide $600 per person, including adults and children, meaning a family of four would receive $2,400 up to a certain income. +Congress would also extend unemployment benefits of up to $300 per week, which could start as early as Dec. 27. +My wife if convicted that all our clothes need to be washed at 40c. She thinks she can tell the difference when they are only washed at 30c + +Does anyone know what the costs are currently for running a wash at 40 compared to 30? + +We have a 8day old as well as two other kids so are probably doing a wash a day at the minute (even with me wearing the same clothes on repeated days) + + +Hello, + +I just want to share with one company what I found. I found a few before and after a feew weeks I saw a post about them, so I want to share this one with you in advance. + +**Water Ways Technologies Inc. (WWT.V)** + +Company provides water irrigation solutions to agricultural producers in Israel and internationally. + +Why I invested into WWT: + +low amount of outstanding share: **89.59M** +low float: **36.15M** + +(Basic rule: more shares less probability of price grow /demand supply effect) + +Tradable company just since 2019. + +ATH: 0,26 (to be honest not interesting) + +They keep cca. 60% of stock inside of company. + +They generate profit - they have real product and real customers + +In last two months they released a few new about new contracts. + +Catalyst: I am not aware of anything in upcoming weeks. + +If you want to invest 100 and make milions, this is probably not that way. + +I just want to share my pick. + +600 @ 0,136 (Want to add up to 2k) + +I am not economist or financial professional, I would like to see your view on this company, as my knowledge is limited at this point. +They will become worthless in a few years. I understand some of the NFT projects but 99.9% of them are totally usuless and over-hyped. NFTs might be one of the biggest disappointments in the future. +I keep seeing people mentioning the cost of changing your name. The only costs come from replacing official documents (passport, driving licence etc). + +You can change your name simply by making a [written declaration](https://www.gov.uk/change-name-deed-poll/make-an-adult-deed-poll) and have it witnessed by two people. You can then show the document to your banks, your local Council (for council tax and electoral register), and anyone who issues you bills and voila. New name. + +You do *not* need a solicitor. You do not need to publish it with the Courts. Publishing it with the Courts will publish your address. +[Source.](https://www.livemint.com/politics/policy/india-will-waive-charges-on-interest-during-moratorium-report-11601702753729.html) As the title suggests, it is at proposal stage. What does the community think about this move? Report says that government will bear the interest cost. Can it still affect banking sector's earnings? +Edit: Clarifying. Lot of folks here are thinking that govt has proposed to waive off entire interest accumulated during the moratorium. Not true. As mentioned in post title, only the interest on interest accumulated during that period is proposed to be waived off. +I just like averaging up, averaging down and today is a beautiful day to add some extra moon tickets for me and my family with a big discount. I'm sure I'm not the only one who took advantage of it. Showing some Ape love and showing the SHF this Ape ain't leaving, as far that wasn't already obvious. + +To the moon Apes! + +EDIT: Thanks for all these signs that I'm not the only ape who did some groceries today. If I haven't reacted yet on your comment, this is for you. 🙌🙌🙌 see you at the moon Ape!! +I just like averaging up, averaging down and today is a beautiful day to add some extra moon tickets for me and my family with a big discount. I'm sure I'm not the only one who took advantage of it. Showing some Ape love and showing the SHF this Ape ain't leaving, as far that wasn't already obvious. + +To the moon Apes! + +EDIT: Thanks for all these signs that I'm not the only ape who did some groceries today. If I haven't reacted yet on your comment, this is for you. 🙌🙌🙌 see you at the moon Ape!! +Hey, + +I am looking into getting into some good ETF's. I essentially honestly just want to stick to 2-3 ETF's as a life time investment. So I am looking for something that has good growth and also pays dividends if its worth it. + +Anyone know of 2 good ETFs that I can just set and forget? I will be DCA into these every 2 weeks. + +So far I keep seeing VFV and XEQT +I did it guys! After struggling from paycheck to paycheck for my entire adult life, I have landed my first “big girl job”. Most entry level jobs in my field pay $45-50k/year. I took a chance and asked for $70k in the interview because I know how urgent their staffing need is, and we met roughly in the middle of what they were offering and what I asked. It is a Monday to Friday job, 8-5, good benefits. I’m so relieved beyond words. I make barely enough to pay my bills now, so this will change my life. I plan to stay in my cheap apartment for at least another 2 years so I can pay off debt and build some savings, but it’s finally here. +This is just a bit of a warning on buying coins that look great. I basically made a coin like the squid game coin as it looks great but I can only sell a very small amount at a time. + +&#x200B; + +[This is the token page on viperswap ](https://preview.redd.it/a0z3yqiv50281.png?width=1871&format=png&auto=webp&s=7914382e82bc3086477d70c5fe2bcd6160cded54) + +So if you head on over to a website called [https://tokenJenny.one](https://tokenJenny.one) then you are able to create your own tokens on the Harmony ONE network. It will cost a little ONE in gas to mint the crypto I used [https://cryptoroyale.one](https://cryptoroyale.one) to make some ROY sent it to MetaMask and then trade that for ONE in [https://viperswap.one](https://viperswap.one) Done now I have made my first crypto and I add it to ViperSwap so I can add liquidity. With this first crypto I added liquidity in ONE at a 1 to 1 basis then I used 0.01 or 0.001 ONE at a time to buy my crypto for roughly 100 transactions this ups the price a little and so I leave the coin and over about 2 weeks the market brings it up. I sell a little to recover all that had gone to gas and this crashes my crypto to a very low price. Next test is creating coins that add liquidity too each other here's a glimps at them all. + +&#x200B; + +[6 Different cryptos all given liquidity too each other and given value form the Liquidity in ONE or USDC \(two named KWP lol\)](https://preview.redd.it/xlsi41lf90281.png?width=1843&format=png&auto=webp&s=689c7ba22351bbc1b79de004631fd59c920951b2) + +&#x200B; + +[In doing this I have managed to add about 20 ONE into liquidity of ONE and my KWP coin and now can sell about 250 of KWP at a time, this is what happens when you do sell a little ](https://preview.redd.it/33sse754h0281.png?width=1877&format=png&auto=webp&s=5576fceb2d313db5c17b84520cfcdfe7a03d4333) + +&#x200B; + +As you can see I had a lot of fun creating all of these but none of them really did very well so I then thought well I need to start with a better liquidity ratio so I create notbitcoin I then add 0.0001 to 1 ONE and I buy a few transactions of 0.001 ONE getting less and less NBTC each turn, now I have a value better than I had before so I start to add liquidity from the coins I have made making sure to work out the math on the current values as close as can with a small amount and then bang I add Billions in my own cryptos which soar the Liquidity and the value of the new coin I have made. If I sell any of the coins that I have added this will drop the price dramatically due to me being the only owner. Plus I can only sell about 0.0002 at a time into ONE due to the low amount of liquidity in this coin and even that small sale would crash the value. + +&#x200B; + +Its crazy to think this is possible and this just shows you anyone can make crypto and make it look like it has a huge amount of value if I now make sure I buy a little every day and not sell for a few months next year this could be the next doge and will basically follow the market. I could start the trend the not crypto's instead of meme coins. Stay safe all hope this educates you that it really is too easy to make a crypto and just as easy to make one that looks amazing. Hope you all have a great weekend. + +&#x200B; + +EDIT: ok this is what I wake up to today + +&#x200B; + +[210 billion coins in exitance and 2 million value with half a billion in liquidity \(due to the price\) work out that market cap :0](https://preview.redd.it/kleo676ka4281.png?width=1869&format=png&auto=webp&s=9ea93ab15573e358cf4ca5bb5098cd3bf070faa3) + +&#x200B; + +&#x200B; + +[little update looks like one of the mystery buyers got cold feet lol it was up to 321 Million at its peak](https://preview.redd.it/ujwivnc547281.png?width=1901&format=png&auto=webp&s=e1516a6e2df8fad61bccc55d47e91641f32858ee) +I’ve maxed out my TFSA. Here’s what I know about the RRSP: +- It’s an investing account used to put money aside for retirement in a tax-deferred fashion. +- I don’t pay taxes on anything in it until I take it out. + +I feel like there are gaps in my knowledge. Can someone please explain to me the RRSP like I’m 5? + +- What’s this “employer matching” thing that everyone talks about? +- How is putting money in an RRSP tax deferred? By the time I put money in my RRSP, didn’t I already pay taxes on my income? I’m lost on this. +- What’s a deduction limit versus a contribution limit? +- How can an RRSP benefit me when buying my first home? +- When do people usually open an RRSP? + +EDIT: Thank you, everyone, for your answers and help, I will be reading them as soon as I can! +I was on /r/investing and came across a post about [Cool ETFs](https://www.reddit.com/r/investing/comments/kko8e7/cool_etfs/) but I noticed that for a lot of them I couldn't invest in them. So I thought I would make one for my European brethren and sistren. I will start with a few that caught my eye. + +&#x200B; + +iShares Global Clean Energy UCITS ETF (IQQH) + +First Trust Cloud Computing UCITS ETF Acc (SKYE) + +L&G ROBO Global Robotics and Automation UCITS ETF (ROBO) + +L&G Cyber Security UCITS ETF ( ISPY ) + +~~iShares Genomics Immunology and Healthcare ETF (IDNA)~~ ~~^(+Only on LSE)~~ + +Xtrackers Artificial Intelligence and Big Data UCITS ETF 1C ( XAIX )\* + +WisdomTree Artificial Intelligence UCITS ETF USD Acc (WTI2 )\* + +^(\*Haven't properly DD these 2 yet. That's why they are both on the list) + +&#x200B; + +You guys have anymore you would like to share that I have to check out? + +&#x200B; + +Edit: The IDNA on LSE is iShares MSCI North America UCITS ETF,not iShares Genomics Immunology and Healthcare ETF. Still one to check out if you have ways of buying it but not relevant for most Europeans + +Another thing people have been asking me is how I define cool or interesting. For me its ETFs from an industry or subsections of an industry that I have an interest in but more importantly that I think will continue to grow for the next 5-10 years. It should also be ETFs that I think most people are not looking at enough. +**Author of this article is Adam Cochran not me!** [HIS TWITTER](https://twitter.com/adamscochran) + +\- Evergande and other Chinese developers stocks dropping off a cliff in the HK morning session today. Here is what you need to know about why Chinese Real Estate may impact crypto and even US markets. + +\- Evergande ($3333.HK) is a major Chinese real estate developer, who through leveraged properties and issuing US denominated junk bonds, built up a real estate empire making it the second biggest in the country. + +\- Assets and equity boomed over the past decade, but net income struggled. The reason is debated, but it seems they were over leveraging properties that were getting very little actual revenue to grow their empire. + +\- This worked, right up until the pandemic really began to hurt the few commercial and tourism properties that were actually driving revenue for them. It's estimated that they've now managed to rack up more than $300B USD in debt. + +\- To put that in perspective $300B USD is the entire GDP of countries like Ireland, Denmark, Hong Kong or Portugal. And that is just the \*DEBT\* that Evergrande has. + + \- Currently rumors are swirling that Evergrande may not even have enough remaining capital to service the interest payments on their loans nevermind paying down their principals. + + \- Now, the real estate developer claims they are going to liquidate property to get 'operations back on track' But, those of us in the crypto market understands how liquidations work. + +\- If you are a liquidating because your collateral asset (real estate property) has sunk in value, and you have to sell that asset to pay back, then every time you sell it, the asset drops further. + +\- Evergrande is so large they will be in a race to the bottom as they'll be selling properties which will lower the average price of properties in the region, thus lowering their asset value and entering into a spiral. + +&#x200B; + +\- Evergrande currently owns a whopping 2% of all Chinese real estate and so this has lead Chinese issued bonds from nearly all real estate developers to sink + +https://preview.redd.it/kak3fn17cgn71.jpg?width=1275&format=pjpg&auto=webp&s=af36ab7a59da87e8a783db8accd9dfa50be32086 + +\- But Evergrande itself has been diving off a cliff all year and has reached a critical point + +&#x200B; + +https://preview.redd.it/xekh2l9dcgn71.jpg?width=1834&format=pjpg&auto=webp&s=8b8254592e240383c7c5f0a341384f8415ef9ebb + +\- Now creditors are unwilling to accept their bonds and demanding payments made and aggressive restructuring options are being reviewed. + +\- So why should you care? On September 15, 2008, Lehman Brothers collapsed dissolving $600B in US assets leading us to the worst market crash since the great depression. $600B in assets. + +\- **Right now, Evergrande has $200B\~ in assets, and $300B in unserviced debt. $500B total. So its entirely on the same level as the assets that Lehman Brothers had.** + +\- But, Lehman Brothers was a US bank broadly diversified across many industries. Evergrande is not. Evergrande is in one industry and only one industry. And its debt is held by banks across China, the US, Canada, UK, Australia and others. + +\- This also comes at a time when markets have been on an artificial, inflation driven, quantitative easing fueled run up like no other. So when the hammer does drop, it will drop hard. + +\- But, this will not only cause defaults on bonds, but it will mean billions of dollars unpaid to Chinese contractors and goods suppliers, and it will mean the largest ever bulk real estate liquidation ever if Evergrande goes under. + +\- That real estate collapse would mean the asset sheets of other real estate developers, banks and mortgage companies in China would all crumble. Remember the big empty houses in the US in 2008? That times 100x. + +\- **Then we have to remember that China owns 15% of all global debt, so what happens when they have an internal crisis? They are likely to start aggressively pursuing some of that external debt.** + +\- Which much of is likely with the same overseas banks and funds that own Evergrande bonds in the first lace. + +\- Now, there is a chance that the CCP step in and find a way to bail out or unwind Evergrande. With China's internal policies, it seems quite likely, although it will still likely be a pennies on the dollar bail out. + +\- But, if they don't then market conditions are primed for a god damn meltdown. **We're sitting on a powder keg of weak economic involvement and yet all time high stocks, huge inflation and disconnected markets.** + +\- **The question of a large correction is not a matter of if, it is a matter of when, and how bad. That correction could be soon, it could be years from now, but it will happen.** + +\- The longer it takes the worse it gets, but there are unique events that could make it far, far worse and the collapse of Evergrande is certainly one of them. + +\- These shockwaves would be felt in markets around the world.Either way Evergrande is a HUGE story that most Western media is entirely oblivious too. I hope they get to stay that way and never have a reason to learn their name. But there is a chance that we're currently staring down the barrel of the next financial meltdown. + +\- It all comes down to what the Chinese government will do, and if the Chinese real estate market actually has enough demand to keep these assets a float. But it's damn dicey. +A cryptocurrency wallet is basically a software that enables you to track, send and receive coins through the blockchain like a bank account. Every wallet has a public key and a private key, but we'll get back to this later. But first... + +# Why do you need a wallet? + +There's an old saying in Tennessee that says: **"Not your keys, not your coins."** What it actually means is that if you keep your cryptocurrencies on an exchange (such as Coinbase, Binance or Kraken), you don't actually own those coins, because you don't have the keys to the related wallet. You gain access to those wallets by logging into these exchanges, but your account can - theoretically - be deleted in the blink of an eye, or the exchange can get hacked, attacked, etc. And with it, your funds can disappear forever. If you want to learn more about this, make sure to look up Mt. Gox's hacking. It is an unfortunate event, but one that puts you on guard. + +So you already know that you need to own your keys in order to own your coins. **But what are these keys?** + +Your **public key** is what identifies your account on the network. Think of it as your email address, because when someone wants to send you cryptocurrency, they will send it to this address. + +Your **private key** is a string of 64 characters that can be generated from a 12-word seed phrase. It basically serves as the password of your account. It is used to sign transactions and to prove that you own the related public key. + +See, it's not that complicated, is it? + +# About wallet types + +There are 4 types of wallets that you should be using. Ideally, you can pick the one that fits your crypto habits the most. You should avoid using Web wallets. As always, if you can, please pick the safest wallet type in order to minimize the risk of losing your cryptos. + +**Hardware / Offline / Cold Wallet** \- an offline storage device (e.g. hard disk, USB stick). You might've heard the names Ledger or Trezor, these are the 2 biggest brands at the moment. The ledger supports over 1200 cryptocurrencies, while Trezor supports over a thousand. It is also the most secure way to store your cryptocurrencies. + +**Mobile Wallet** \- applications that are installable on your mobile phone. Beware that even though an app can hold crypto, it doesn't mean it is NOT custodial. (e.g. Coinbase has a mobile app, but it is custodial, meaning that they control your coins.) Exodus or Atomic mobile apps are recommended if you decide to create a mobile wallet. + +**Desktop Wallet** \- wallets that are installable on different desktops and are compatible with Windows, Mac, and Linux. Your keys are stored on your computer, and you can use this wallet even when you're offline. Note: Desktop wallets tend to be more advanced than mobile wallets, and usually come with more technically complicated features that can increase privacy or allow for more flexibility when it comes to signing transactions. + +**Paper wallet** \- a paper wallet is essentially a piece of paper including your public and private key, or a QR code (so that you can quickly scan them and add the keys to a software wallet to make a transaction). It's a really safe way to store your cryptos because your keys are not connected to any servers. The only way someone can steal your cryptos is if they steal this paper. + +# The Best Hardware Wallets + +**Ledger Nano (S and X)** \- The most popular hardware wallet brand in the world, currently sells 2 different sticks. The S is the cheaper alternative, but if you handle transactions between multiple cryptocurrencies frequently, the larger storage of the Nano X should be more convenient. The Nano X also has Bluetooth 5.0 support. You can read more about Ledgers on their website. + +Beware that **Ledger was targeted by a cyberattack that led to a data breach** in July 2020. A larger subset of detailed information has been leaked, approximately 272,000 detailed information such as postal address, last name, first name, and telephone number of our customers. However, not a single coin was stolen as hackers didn't gain access to private keys. Please keep this in mind when making your decision. + +**Trezor (One and Model T)** \- Trezor is the other popular hardware wallet brand. The Trezor One is the cheaper alternative ($59), while the Model T is more expensive but comes with extended functionality and additionally supports cryptocurrencies such as ADA, XMR, XTZ, etc. + +Despite the security of hardware devices themselves, **the weakest link is always the people using them.** If possible, avoid buying used hardware wallets, even though both Trezor and Ledger have security measures to avoid the attempt of installing malwares. + +# The Best Desktop Wallets + +**Exodus** \- a very user-friendly and easy to understand, reliable wallet. As of now, it is probably the most popular desktop wallet. Available on Windows, Mac and Linux as well. + +**Atomic** \- it is also a user-friendly and reliable wallet. Atomic supports 500+ assets and allows staking various cryptocurrencies. Available on Windows, Mac and Linux. + +Of course, there are several other reliable desktop wallets, but these two proved to be the most user-friendly and easy to use wallets so far. As always, please DYOR! + +**If you decide to go with a mobile wallet** (instead of a paper, hardware, or a desktop wallet), Exodus or Atomic are both available on iOS and Android. Please avoid installing 10+ crypto wallet applications on your phone, because you'll make it impossible to keep track of your keys and passwords eventually. + +Last piece of advice: always be cautious and double-check everything. Keep your devices malware-free, and don't click on anything suspicious (such as emails from "Binnance", crazy bonus links from "Coimbase", etc.) + +If you have any questions, feel free to let us know! +I had a really great year with my company (very large 50000+ employees), deployed 2 new initiatives and was a major part of my department's bi-annual audit. We got the best scores ever, and both my boss and his boss stated that it was in large part due to the information I was able to provide. + +My department is broken up into teams, and the team that I'm on consists of my boss and 4 others. I have the highest rank of the other team members, although some have been here longer than me. I am also the only woman on my team, and the highest ranking woman in the department. + +When the written annual review came up, my boss marked "exceptional" or "outstanding" for all of my categories. This week, we got our raises, and mine was very disappointing. With the scale being 0-4%, I got exactly 2%. In the past years here, I've never gotten lower than 2.5%, usually 3%, and I've never had a busier or more productive year than 2018. I honestly thought the past year was my best ever here, and that my raise would be at least 3%. + +In recent calls, my boss has made comments along the lines of how he has such a great team, and how everyone has exceeded their goals. I used to be a manager (at another company), so I understand the whole "pool of percentages" and that things have to be divided fairly (from the manager's perspective). However, I have always believed that each employee is an individual and should be evaluated as such. If everyone had an outstanding year, then everyone should receive and "outstanding" percentage increase. + +We do not work in the same office or even the same state. I call at least once a week (usually goes to VM), send weekly updates on progress, and email every day (about something or nothing), just to stay in touch. I’m pretty sure he’s going to use the remote aspect and lesser communication as part of the reason – however he is the one who consistently cancels our weekly calls and does not answer emails. + +He is going to call me later today to discuss. I know there is no way to change this now, but please help me calm down and determine the right things to say. + +Update: First, thank you to every single one of you for taking the time to respond. I have been reading through all of the posts and seriously appreciate your opinions. + +My boss called a little while ago. I told him I was surprised and disappointed in the increase amount, given the exceptional work “we” had done. He said that everyone on our team was given 2%, that the amount was set by our CIO and the only way to give anyone more would mean someone would get less. + +He also “reminded” me that I am the only one on our team (besides him) that gets a bonus. That comment has led me to believe that I in fact was given more than 2%, and he took my extra and divided it among the others on my team. Whatever. Today has been an eye-opener for me, for sure. + +I’ve updated LinkedIn and turned on recruitment. At my age and in my circumstances, changing jobs isn’t a picnic. It may all come to nothing, but who knows. + + +🚀💣 🔥**Yeetin out of orbit** 💰 💵 🚀 + +We are YeetToken, a community-driven project that focuses on transparency and community contribution. We are very active in voice chat and encourage curiosity. Recently we released our whitepaper regarding our first use-case, [YeetPixels](https://pdfhost.io/v/fngyMfWlu_YeetPixels_White_Paperpdf.pdf). +After community feedback, we've established an official YeetToken Donation Wallet to support marketing and design efforts. Every month, we will take a percentage and donate to a charity/cause of the community's choice. + +🔅INVEST WITH CONFIDENCE🔅 + +* Ownership Fully Renounced with Active Live Dev Chat! +* Community Teams with Leads in Each Department! +* Marketing and Budget for Promotions! +* Use-case Actually Involves the Community! + +🔅TOKENOMICS🔅 + +* 50% Pre-burn, 4% Back to LP, 2% Back to Holders, 1% Burn +* No Dev Wallets +* Use-Case Whitepaper, [YeetPixels](https://pdfhost.io/v/fngyMfWlu_YeetPixels_White_Paperpdf.pdf) +* 16K+ Holders +* 1.8 Million Market cap + +Always 600-1400+ online. +Socials:👨💬👩💬👧💬👦 +Telegram (5800+): [https://t.me/YeetTokenOfficial](https://t.me/YeetTokenOfficial) +[https://discord.gg/CEQEsE3c](https://discord.gg/CEQEsE3c) +[https://www.reddit.com/r/YeetTokenOfficial/](https://www.reddit.com/r/YeetTokenOfficial/) +[https://twitter.com/yeettoken\_hq](https://twitter.com/yeettoken_hq) +[https://www.instagram.com/yeettoken/](https://www.instagram.com/yeettoken/) + +**Website:** [**https://YeetToken.com**](https://yeettoken.com/) +**YeetToken Donation Wallet (ETH/BNB): 0xCcbbAB37F67d39A469b7c5ea89328449a3d07128** +**YeetToken: 0x7060d3f1cc70a07f4768560b9d9b692ac29244de make sure you’re using this address when buying** +So, let's try it - as a fair few people indicated they'd be keen, I'll be picking a random ASX stock that I've (*personally*, yes I'm aware it may have been posted here at some point in history) never seen discussed on this sub - and that I do NOT hold - to discuss per week. + +This is for us all to have a look at what it does, some of their financials, and in the end discuss whether or not we'd buy into it. + +As /u/Phishbaron put it, think of it as a sort of "group DD" in which we pool our 5 collective braincells together and evaluate the chosen company. + +The main purpose being to add some more variety in tickers to all the standard meme stocks we see pumped day in and day out, and hopefully discover some hidden gems - or at least, less stinky forms of dogshit. + +The only other criteria is that the share price has to be under $2. + +Let's give this a try boyos: + +# Random ASX Stonk of the Week - Week 1: + +**Company name:** Empired Ltd + +**Ticker:** EPD + +**Industry:** Information Technology + +**Headquarters:** Perth + +**Market cap:** $120m + +**Current share price:** $0.75 + +**P/E ratio:** 10.2 + +**1-year Performance:** \+111.27% + +**What they do, smoothbrain version:** nerds who charge ridiculous prices to do computer shit for companies & governments + +**What they say they do, wanky version:** *"We help you reimagine, transform and evolve for your best possible future, connected and enabled by technology."* 🍆👋 + +**What they do, actual version:** Empired are a Sydney-based B2B IT "integration services" company that help their clients "go digital" in a wholistic way, e.g: switching them over to cloud-based systems, improving digital security, putting in automation, and helping them convert to "agile" work approaches. + +Their revenue comes solely from Australia/NZ, and a big chunk of that is from contracts signed in Western Australia recently. + +**What looks good:** + +* Their last quarterly update was very impressive dollar-wise. While they only recorded a 7% increase in revenue, they managed to achieve a H1 Net profit after tax of $7.7m (up 284%) +* Operating cash flow of $17.5m, up 59.3% +* Good overall share price growth (100+%) for a company with a P/E ratio of just over 10 +* Have contracts with some big bois out there, including Rio Tinto, the government, etc. These are multi-year so provide over 50% of revenue as recurring +* Decided to pay a (small) dividend for the first time, and aiming for a bigger one moving forward +* Healthy debt to equity ratio (e.g, not much debt) +* Their report designs are slick & make something like Brainchip's look like they were made by a blind toddler whose Microsoft Office subscription is about to expire +* Their year on year financials are generally trending up YOY + +**What doesn't look good:** + +* Shitty name that I'm not sure how to pronounce. Is it "Empire-d" as in "Empired Strikes Back", or "Empi-red", as in the colour of my portfolio? +* JobKeeper played a role in pumping up their numbers +* Seems to be overly contract-dependent on several large clients for revenue... AVA flashbacks, anyone? +* Management only own about 10% of the shares on issue, not a particularly high percentage +* While their revenue is trending up YOY, it's not substantially so +* May be a beneficiary from the Covid-19 "everyone panic cause we need the tech to be able to go digital/work from home better" boom + +**Overall rating (strong buy/buy/hold/avoid):** think I would go with Buy + +**MarketIndex page:** [https://www.marketindex.com.au/asx/epd](https://www.marketindex.com.au/asx/epd) + +Feel free to add more DD/comments below. + +Would you buy this stonk? Why or why not? Feel free to vote in the poll. + +[View Poll](https://www.reddit.com/poll/ltbpmi) +Current status: + +Up 66.24% for a paper profit of $140,134 + +Current share price $3.31 + +Change over the last month $3,188 + +Current mood: [I’m once again asking you for $30m](https://imgur.com/XnMjfOW) + +After 8 months of sideways trading I’m convinced I may have accidentally joined a cult. So much hype that we’re the chosen few investors who know that Zantrene™ is going to change the cancer world and on r̶a̶p̶t̶u̶r̶e̶ buyout day we’ll all be s̶a̶v̶e̶d̶ rich. + +I kid, of course, as I’m still firmly bullish on RAC, but christ almighty is it frustrating seeing good news drop and the share price do sweet fuck all in response when other stocks go up 30% every time they release an update that one of the directors sneezed. + +Initially purchased 85,000 RAC on 15/01/21 and topped up thereafter for a total of $219k invested at an average buy price of $1.99. Holding until at least $20/share which will net a paper profit of $2m in tendies. + +**Please note it's a speculative bio-tech stock and may yet prove utterly useless, but here’s why I’m bullish** + +As a company RAC are executing a three pillar strategy over the next 24-36 months with a steady stream of trial results coming through over that time. They've made it blatantly clear the aim is to get picked up by big pharma at the end of their phase 2 trials and that they're looking for maximum shareholder value™ in the process, as the board are significant shareholders. + +RAC own the patent for a drug called Zantrene (formerly Bisantrene), which is a a [potent FTO (fat mass and obesity) inhibitor](https://www.cancer.gov/news-events/cancer-currents-blog/2020/leukemia-fto-inhibitor-bisantrene-brequinar). Preliminary preclinical, phase 1 and phase 2 trials have shown FTO inhibition to be the key to slowing the growth or killing cancer in up to 15% of patients across 27 different types of cancers. + +Only a handful of drugs are known to inhibit FTO, and RAC is both one of the [most potent and by miles the most advanced](https://imgur.com/a/YqJiuML) of any drug being explored in the space. [This](https://www.dailymail.co.uk/news/article-10063805/Hope-melanoma-kidney-cancer-patients-new-drug-trials-just-months-away.html) article in the world’s worst newspaper provides a pretty good overview of what Zantrene is capable of. + +RAC advised during their AGM presentation that the FTO market alone is worth US$120b a year, which is exciting news if you’re at the pointy end of the effectiveness and by far the closest to getting approved for production. + +RAC also dropped their heart safety pre-clinical data in November and the results are [good news](https://imgur.com/a/wtCA3eS) for cancer suffers. Typically when you receive treatment with anthracyclines (anti-cancer drugs) it fucks up your heart, more than half of patients end up with heart disease within 6 years of finishing treatment. When used in conjunction with Zantrene pre-clinical results have shown there’s no heart damage, and existing heart damage can even be reversed. RAC have stated this is a “multi-billion dollar addressable market" How sweet is that. + +There’s a few more strings in the bow, but the other bit that I’m excited about is the possible enhancements of Zantrene to make it more patient friendly and effective when used in conjunction with other anti-cancer drugs such as anti-PD1 inhibitors. Currently most cancer patients have to suffer a shitty two hour IV process when receiving treatment, which makes it difficult and more costly to administer. RAC are working on an oral formulation which would make this process simpler for cancer patients. + +Now the dense stuff, which shows how I do my DD for a stock and stay across everything that happens, even when all in. + +[RAC’s 11/21 AGM presentation](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02456039-2A1340653?access_token=83ff96335c2d45a094df02a206a39ff4) + +[Dr Tendies 11/21 chat with ASX Investor](https://www.youtube.com/watch?v=6TDP3SOkJzQ) + +[A slightly outdated rundown of RAC by an investment company](https://mfam.com.au/research/race-oncology-asx-rac/) + +[Nerds rejoice, a rundown on the science behind FTO](https://hotcopper.com.au/attachments/bisantrene-synthesis-fto-1-pdf.2950305/?filename=Bisantrene+Synthesis+-+FTO+1.pdf) + +For those of you who can’t read good, and want learn to do other stuff good too [here’s](https://www.youtube.com/watch?v=HKyfK5MDp_0) a video breakdown on FTO. + +**Or if you’d like some counterpoints** there’s some robust discussion [here](https://www.reddit.com/r/ASX_Bets/comments/r13fw4/rac_is_it_a_scam_dream/) and [here](https://www.reddit.com/r/ASX_Bets/comments/orxifu/race_oncology_asx_rac_politically_incorrect/), a dumpster fire of a Reddit thread which presents some counterarguments from oncology doctors it can be found [here](https://www.reddit.com/r/ASX/comments/lslrpf/rac_on_the_asx_why_is_this_flying_under_the_radar/) and another one here [here](https://www.reddit.com/r/ausstocks/comments/nhk9gh/race_oncology_excellent_video_to_break_down_the/). I’ve also noted what I identify to be the main risks [here](https://www.reddit.com/r/ASX_Bets/comments/pffbml/update_yolo_bet_219k_on_rac_199_106250_shares/hb4ky2h/). + +Please understand that this is a small cap biotech stock, meaning its share price is highly volatile, there’s no guarantees of success, and setbacks can and do occur along the way. I’ve YOLO’d into it because I have a high [risk appetite and risk tolerance](https://www.reddit.com/r/ASX_Bets/comments/n4i7dm/risk_appetite_vs_risk_tolerance/), but very few people share a similar investing strategy. + +Finally for those who want confirmation this stock will be a winner, [this](https://www.youtube.com/watch?v=yNj78UH8KQo&%3Bamp%3Bamp%3Bab_channel=maria) video is proof. + +**Once again it's a speculative bio-tech stock and may yet prove utterly useless**. + +Just imagine how angry your wife’s boyfriend would be if you lost your allowance investing in a bio-tech stock knowing that biotech stocks typically have a binary outcome. + +Also to pre-empt a couple of questions regarding the cap raise for $29m + +Are you buying into the share purchase plan announced at the AGM? + +Yes, I've purchased my full allotment of 10,000 shares for $30,000, expect to see that added to the tally in the next update. + +I thought you were already all in, why would you lie to us like that? + +It’s not my money +The struggle is real. I was buried under student loans and juggling them one at a time while dealing with unemployment during the recession. I got a lucky break that started me in an IT career. Then I got a job with a company that give me enough tuition reimbursement to get my degree one class at a time over 4 years. Today I just signed the paperwork for a job of my dreams. I never thought I would get here but to anyone out there struggling but working and improving themselves every day it will pay off eventually. + Update from Nasdaq Scandinavia: + +[https://view.news.eu.nasdaq.com/view?id=b200356852c002d85b6fda00e0f1a300f&lang=en](https://view.news.eu.nasdaq.com/view?id=b200356852c002d85b6fda00e0f1a300f&lang=en) + +Update on market event + +During the morning of Monday May 2, Nasdaq saw a sudden drop in key benchmark indexes on Nasdaq Stockholm, Nasdaq Helsinki and Nasdaq Copenhagen, as well as other major exchanges in Europe. The reason was a sell event by a market participant. + +After a review, Nasdaq has not seen any reason to cancel trades that were made during this event. + +\_\_\_\_\_\_\_ + +So, A BIG whale sold off more of less all major stocks in Scandinavia and Germany and that resulted in marketwide 8-10% drops. That has to be a lot of stocks that was offered for sale and sold quickly. +For context: I work 50+ hours a week so my pregnant wife can stay at home with our toddler. + +Money is tight, but one thing we always try to keep in a freezer is a frozen pizza. + +There have been so many times when I get off work and I'm tired, she's tired, neither of us have the energy to cook or shop. + +That ~$5 frozen pizza has prevented us from spending $15-$20 on takeout SO many times. + +I know it isn't the healthiest option, and may not be even the cheapest option, but some nights, it's a lifesaver. +So, I finally got my first paycheck yesterday. (I had to wait for my pay card which is why it came Monday instead of Friday.) It’s only about $71 because I only worked two days on it. I am terrified to spend it. I woke up this morning, and I’m hungry, and I know the logical thing to do is to go get some food, but I’m so scared. What if I spend the wrong amount? What if there’s an emergency, and I need it? + +My brain won’t shut off, so I just sit here and stare at it in my account and don’t do anything. Part of me wants to go out and buy the most lavish meal, but clearly that’s not responsible. The other part of me wants to buy $1 ramen. I have no idea how to budget. I have no idea what I’m doing here. Any and all advice is welcome! I’ve dropped a list of things I need down below, and if someone could help me decide what is priority and what can wait I would appreciate it. + +List of needs: +Food +Water (clean drinking water isn’t always available while homeless) +Shelter (hotel rooms are too expensive, but I may be able to find something on Airbnb) +Gym Membership (so I can have a shower when I have no place to stay) +Clothes (I need new clothes for work. I only have two outfits.) +Shoes (my tennis shoes have worn down to threads and I am now wearing my work flats everywhere and they are starting to look bad) + +That’s basically everything I can think of. If you’ve read this far, thanks for listening to me ramble. I’m just having a mini freak out. +>Many investors fear a substantial crash in the near future. As such, some banks are willing to lend money at negative rates, accepting a small loss rather than risking a bigger loss by lending money at higher rates which customers cannot meet. + +My question is basically about the above para of [this article about a Danish bank offering mortgages at 0.5% negative interest rate](https://www.businessinsider.in/A-Danish-bank-is-offering-mortgages-at-a-0-5-negative-interest-rate-meaning-it-is-basically-paying-people-to-borrow-money/articleshow/70603985.cms). Assuming there's economic slowdown and there'll be a crash in near future, how does offering money with negative interest rate decrease the risk? + +*I mean, with the negative rates, won't more people take out loans and hence there's a high chance of default*? *Is it the case that there will be less proportion of people defaulting due to low amount (to be returned) compared to high proportion of possible defaults due to high amount (to be returned at regular interest rate)?* If not, can anyone explain this? +previous good investments by SoftBank: + +SoftBank's $100 million investment in Alibaba mushroomed to almost $132 billion. + +Its $70 million stake in Yahoo Japan grew into an $8 billion holding. +I’ve been thinking about a rental strategy to retire in a 10 year frame. Would like to here everyone’s thoughts + +This is based of starting at year 1 of the plan with 10 rental properties but it’s just an example I know that’s not realistic unless you factored in at least another 10 years for accumulation. This is just an idea that I want to here thoughts on, But the example as follows. + +You have 10 properties all renting for 2k a month and your mortgage is 2k a month, so you are net even. That leaves you with a principle pay down of 24k a year per property all together 240000$ per year in equity (2000x12months=2400x10) now if you hold all properties for a 10 year frame at net even not taking into consideration any appreciation or rental growth. You’d be left with 2.4 million in equity year 10. (240000x10years=2.4mill) if you were then to sell 6 of those properties it would leave you 1,440,000. In cash before taxes. You would then use the 1.44 mill to pay of the remaining loans on the other 4 properties. Now netting you 8k a month in positive cash flow. Assuming those 4 properties net you 2k a month + +Summary- buy multiple properties net even wait 10 years for principle pay down equity, sell a majority to pay off a minority few to be debt free pure cashflow. +The purpose of this DD is to look at the outcome if there are many more votes cast at the shareholder meeting than GME shares that are issued and outstanding. I have a background in corporate and securities law, but this is not legal advice (for GME or for apes). Just a recording of one random apes research on a topic of this ape’s own interest. + +*The assumption for this DD is that there will be more votes cast or otherwise represented at the shareholder meeting than GME shares that are issued and outstanding. It that doesn’t happen, everything that follows it moot.* + +**My first question is how many votes are counted?** + +You can’t count more votes than the number of shares outstanding, but you also can’t discount shareholder’s legitimate right to vote. + +Here is an excerpt from a commentary by lawyers at Latham & Watkins, a prominent top tier corporate law firm ([https://www.lw.com/upload/pubContent/\_pdf/pub1878\_1.Commentary.Empty.Voting.pdf](https://www.lw.com/upload/pubContent/_pdf/pub1878_1.Commentary.Empty.Voting.pdf)) + +>Borrowed Shares and Over-Voting. A frequently occurring phenomenon is where the same share is voted twice. This is commonly the result of the vast increase in share lending that now permeates the equity markets. Developed in the context of short sales, the practice of share lending has mushroomed in recent years and frequently represents a significant source of income for investors and for brokers and other custodians. By custom and contract, the shares being lent are accompanied by full voting rights, so that the party borrowing the stock or its transferee can vote the shares which it holds on a record date. If, however, as frequently happens the lending party is a custodian which does not allocate the lent shares to and notify specific beneficial account holders, it is possible that both the lending beneficial owner and the borrower will vote the shares and over-voting will occur. Nor will over-voting be readily noticed if the total number of proxies cast by the custodian does not exceed its book position at the record date. +> +>Historically, where over-voting has resulted in a custodian voting more proxies than its record position on the record date, **the vote has been “corrected” by the inspector of elections to reduce the obvious over-vote**. More recently, the NYSE \[Greysweats Note: GME trades on the NYSE.\] has embarked on a compliance campaign with its member firms to insure more accurate record keeping of share lending and borrowing, including attribution to underlying beneficial holders, to eliminate over-voting. Whether the enforcement campaign will succeed and whether it will affect the practices of the many custodians that are not NYSE member firms remains to be seen. +> +>Even if over-voting is eliminated, the ability of market participants to “buy” votes by borrowing shares will not be affected. This, like so many of the problems surrounding shareholder democracy today, has not been invented by hedge funds. But it is increasingly being used by hedge funds to further their economic interests. Record date “capture” of the vote is relatively inexpensive because stock lending fees are modest and because once the record date has passed the borrower can return the shares to its lender. As a consequence, this source of “empty voting,” unless regulated, is likely to grow. + +Okay, so this means that the inspector of elections (judge of elections in the UK, scrutineer in Canada) will correct the vote in their official tallying of the votes cast at the meeting so that it doesn’t exceed the issued and outstanding shares. Who is the inspector of elections? These are companies that are hired by the issuer (in this case GME) to manage and certify votes cast at shareholder meetings. + +So let’s start to play this out. GME will know how many votes are cast, because their hired inspector of elections will tally all votes cast and will compare records of all shareholder votes cast with the share register of the company (remember, the largest shareholder on the share register will be Cede & Co., lots of diligence on that in this subreddit for you to understand registered ownership vs beneficial ownership). This is the most important takeaway. The Board will have hard evidence of fraudulent trading activity that has resulted in the creation and ownership of GME shares that were not properly issued by the company. + +**Will this impact the outcome of the vote?** + +This is a normal shareholder meeting with uncontested matters for approval. No, this will not impact the vote. I have no reason to believe all matters recommended for approval by the board will not be approved by a majority of the votes cast at the meeting. + +**Will this trigger the MOASS and get me tendies?** + +Not directly. Remember the commentary from Latham: historically, the vote is simply corrected. + +They note that the NYSE has stepped up compliance activities around this problem. GME is trading on the NYSE, so hard evidence of this (like a shareholder vote count) will be of interest to them. Realistically, the NYSE is not likely to take any actions that would force a margin call. Someone more familiar with NYSE rules around this might give better insight. + +**Okay, so how does this help?** + +Can the Board then do a share recall? To my knowledge, there isn’t a mechanism for that. On the books of GME, there are 70 million issued and outstanding shares. The creation of these additional shares is through the mess of DTCC/naked short selling exemptions for market makers and GME does not have authority to step in to directly recall its shares from Cede & Co. or otherwise in connection with that clearing and settlement system. + +Here’s what I would suggest if I were on the Board: Since the Board has hard evidence a minimum number of fraudulent shares that are outstanding, I would recommend GME issues a press release announcing the results of the shareholder meeting (which is a normal event to press release) and I would include a note that the inspector of elections was required to correct the vote because 75/80/100/etc. million votes were cast even though there are only 70 million shares are issued and outstanding. I would add that the company will take all actions the Board considers prudent to ensure the interests of its shareholders are protected and to maximize shareholder value. That’s the mic drop. No mention of a short squeeze, All facts, so there’s no liability associated with unproven claims. + +A press release like that confirms the shorts did not cover (common misconception propagated by the news). That would put the SEC and the NYSE on notice that this has happened without question (and it cannot be swept under the rug) and needs to be investigated and resolved immediately. That would put the lenders on notice that their hedgie with a significant short position is looking pretty terrifying for their bottom line (see Credit Suisse $5.5B loss relates to Archegos implosion) and might have them re-evaluate when the appropriate time is for a margin call to reduce their risk. This might also generate renewed retail interest (from non-ape retail investors who were believing the MSM narrative that the GME short squeeze issue ended in January), which would create increased pressure towards a squeeze. + +**This is also why each shareholder should vote all of their shares without exception.** + +TL;DR: Over-voting does not directly and immediately trigger a share recall or force shorts to cover. It does provide the company with information on the total votes cast, which it could use as evidence of massive naked shorting of its shares and consequently the fraudulent creation of millions of shares. The company may publicize this information, which would refute the narrative that all shorts covered and would put the SEC and the NYSE on notice that this has happened and needs to be investigated and resolved immediately. **Vote your shares.** +A well know online furniture store appears to be on the verge of collapse. Not mentioning it by name in case I fall foul of the mods. + +I have 2 orders paid for by credit card. As the title says, should I cancel my order while the business is still solvent? + +What protection does my credit card give me if it does go bust? +We know apes aren't fucking leaving. I'm not fucking leaving. We all know apes will never let go. + +That makes GME a very investable stock right now. Even with no MOASS or any future business prospects (lol) apes will be buying this stock forever. We've proven that we'll buy at any price and never let go of our shares. + +Imagine the scenes when even half the float shows up on the quarterly report🚀 + +Half the reason I DRS is to see some crazy shit. + + +TL:DR + +Apes will continue to lock the float. + +This is the easiest long term investment of your life. + +Let's lock the float and see some crazy shit🚀🚀🚀 + +Edit: decreasing float has also been shown with ortex data + +2nd Edit: this is not a post about if the squeeze is happening (it's fucking happening, look at utilization rate and decreasing float size) or the fundamentals (fucking jacked), I'm literally just saying the this fucking inevitable because apes will INFINITELY decrease (🔒) the float +Some people claim that the market is rational, even in short periods of time. That everything is correctly priced all of the time. + +Warren Buffett claims that the market is extremely irrational over short periods of time. + +For those that think the market is rational all the time - please explain why PayPal is down 26% in 1 day, just because it missed EPS by $0.01? +Did the value of the company magically changed overnight? + +P.S: please don't buy PayPal, it is still highly overvalued. +My partner and I (32 years old with one child) were really lucky to purchase a home in an “up and coming” area a few years ago. We’ve been paying on it pretty aggressively and its value has increased significantly. If we sold right now, we would likely be making a $200k profit on it. + +The way we see it, we have three options: + +Option A: Take the $200k and use it as our down payment on a more expensive home in our dream area. Property values have been steadily increasing in this area, but at a much more modest rate than our current area. + +Option B: Take the $200k and combine it with some of our savings to pay cash on a $250k condo in a nice area (not our dream spot, but also not terrible), allowing us to invest/save the majority of our income. Property values in the condos have been pretty flat over the last ten years. +*** With this option, we could either sell the condo down the road or rent it out and purchase a second home for ourselves. + +Option C: Hang on to our home and see what happens. We’d continue to build equity and our house could very well continue to appreciate in value. At the same time, we’d run the risk of missing our home’s peak sale price. + +What would you recommend? Is there another option we’re missing? I really appreciate any insight, thoughts, or perspectives you might have! +Let's make a change. Instead of helping people IN poverty, let's help them OUT of poverty. + +An idea I've been working through is a charity- or government-run non-profit rent-to-own small/tiny housing program. Get lower-income individuals and families into home ownership. Free up their income ...so it can be saved, or spent in other areas of the economy, or be used to build their own small businesses. + +Boost the middle-class, and the whole economy improves. Rental housing makes the rich richer and the banks richer, and they keep the poor poor. Take the profits out of low-cost housing and everyone will benefit in the long-run. Smaller units/tiny homes, shared common-areas, lower costs, and home ownership/equity, and a chance to lift ourselves out of the rental rut. Help the poor and you help everyone. +I think I know the answer to this question. I've seen many people point out that just because you can code, does not mean you can trade and it makes sense. There seems to be many software engineers here (myself included), who would like to earn some extra income but really don't have an edge as a trader. + +Those who have found some success, have you always felt like it was your trading that helped gain an edge? Or perhaps was it a really well built system, ability to iterate prototypes quick, brute forcing some sort of solution? etc. The reason I ask this is I recall an ama of a professional a few months/years back (unverified so I guess take it with a grain of salt) who said part of why they were successful was just how well built their system was. Not sure if they were saying because of speed and high frequency, or for other reasons. Anyways, as a (imo good) engineer, but no trading skills whatsoever, I would be curious to here if there is anyone who has any examples of this. +I just got an email from Chase stating that the credit card agreement was changing to include binding arbitration. I have until 8/10 to "opt out" of giving up my lawful right to petition a real court for actual redress. + +If you have a chase credit card, keep an eye out. + +**Final Update:** + +>Here's Chase Support mentioning accounts will not be closed + +>https://twitter.com/ChaseSupport/status/1135961244760977409 + +/u/gilliali + +**Final, Final update:** A chase employee has privately told me that they won't be closing accounts. This information comes anonymously. +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. +https://fred.stlouisfed.org/series/BAMLH0A0HYM2 + +I'm curious why specifically this graph is so often referenced. How do I interpret this graph? Is this graph just measuring volatility and saying there's a higher likelihood that tail outcomes occur, is it saying that options have moved towards a tail and thus are closer to being executed, or something else entirely? + +Thank you +First-time homebuyer here, trying to decide on mortgage details, and I'm having trouble determining how to weigh the two big mortgage choices while trying to consider investment money for an early retirement. With FIRE in mind, how do you decide between: + +--15-year term, with lower rate (4.99%), where we'll expect to pay ~$143k in interest over the life of the loan, but since our monthly payments will be higher we'll have less to stow away in accounts for FIRE + +vs + +--30-year term, with higher rate (5.75%), where we'll expect to pay a whopping $374k in interest over the life of the loan, but will be able to put more money, sooner, into investment accounts + +Any thoughts would be greatly appreciated -- thank you in advance! +I have been trying to sell options on SPY because it has the shortest term contracts I've seen, and I deluded myself into thinking that if I can afford to sell contracts on it, I'd be at an advantage since 100 shares is worth about $45-47k on a given day. + +I tried selling a single ATM put with a one day expiry, just before the news for Omicron hit, so I ate a massive loss on that one. I now tried selling ATM CCs, and of course things are now bouncing back. I'll make a little bit back from my loss on selling the put, but not nearly as much as if I just held the stock. + +I'm trying really hard to make risky plays to make a little bit of money. It's a bad mindset, but I'm trying to stay the course and tell myself that selling options is the way. + +Would I be smarter to rely on longer contracts right now, like weeklies? The reason I keep selling ATM is because I feel like SPY is trading sideways, when looking back, it seems more like it's swinging wildly. + +I'm mostly interested in reading opinions. I've taken risks and lost, and I'm trying to learn from it. + +(I've lost about $3k in a week, and I hate admitting that) + +\*Just a follow-up, I closed those calls then resold with a farther DTE OTM, lesson learned +[https://www.bloomberg.com/news/articles/2019-12-04/warren-is-drafting-u-s-legislation-to-reverse-mega-mergers?srnd=premium](https://www.bloomberg.com/news/articles/2019-12-04/warren-is-drafting-u-s-legislation-to-reverse-mega-mergers?srnd=premium) + +&#x200B; + + + +U.S. Senator Elizabeth Warren is drafting a bill that would call on regulators to retroactively review about two decades of “mega mergers” and ban such deals going forward. + +Warren’s staff recently circulated a proposal for sweeping anti-monopoly legislation, which would deliver on a presidential campaign promise to check the power of Big Tech and other industries. Although the Trump administration is currently exploring their own antitrust probes, the proposal is likely to face resistance from lawmakers. + + + +According to a draft of the bill reviewed by Bloomberg, the proposal would expand antitrust law beyond the so-called consumer welfare standard, an approach that has driven antitrust policy since the 1970s. Under the current framework, the federal government evaluates mergers primarily based on potential harm to consumers through higher prices or decreased quality. The new bill would direct the government to also consider the impact on entrepreneurs, innovation, privacy and workers. + +Warren’s bill, tentatively titled the Anti-Monopoly and Competition Restoration Act, would also ban non-compete and no-poaching agreements for workers and protect the rights of gig economy workers, such as drivers for [Uber Technologies Inc.](https://www.bloomberg.com/quote/UBER:US), to organize. + +A draft of Warren’s bill was included in an email Monday from Spencer Waller, the director of the Institute for Consumer Antitrust Studies at Loyola University Chicago. Waller urged fellow academics to sign a petition supporting it. He said Warren was working on the bill with Representative David Cicilline, the most prominent voice on antitrust issues in the House. Waller declined to comment on the email. + +Representatives for Cicilline and Warren declined to comment. The existence of the bill and Warren’s support of it were [reported earlier](https://www.theinformation.com/briefings/129fbf) this week by the technology publication the Information. + +In Washington, there is some support across the political spectrum for increased antitrust scrutiny of large technology companies. Warren positioned herself as a leader on the issue this year while campaigning on a plan to break up Big Tech. She has repeatedly called for unwinding [Facebook Inc.](https://www.bloomberg.com/quote/FB:US)’s acquisitions of WhatsApp and Instagram, along with Google’s purchase of YouTube and advertising platform DoubleClick. + + + +It’s not clear when a bill would be introduced or whether it would move forward in its current form. Cicilline has said he would not introduce antitrust legislation until he concludes an antitrust investigation for the House Judiciary Committee in early 2020. + + + +Amy Klobuchar, a Senator from Minnesota who’s also vying for the Democratic nomination, has pushed legislation covering similar ground. Klobuchar plans to introduce additional antitrust legislation soon, according to a person familiar with the matter who wasn’t authorized to discuss the plans and asked not to be identified. + +Any proposal would face significant hurdles to becoming law, and Warren’s version could be particularly problematic because it promotes the idea that antitrust enforcement is equivalent to being against big business, said Barak Orbach, a law professor at the University of Arizona who received a draft of the bill. “The way I read it is that Elizabeth Warren is trying to make a political statement in the course of her campaign,” Orbach said. “It’s likely to have negative effects on antitrust enforcement, so I just don’t see the upside other than for the campaign.” + +The bill proposes a ban on mergers where one company has annual revenue of more $40 billion, or where both companies have sales exceeding $15 billion, except under certain exceptions, such as when a company is in immediate danger of insolvency. That would seemingly put a freeze on many acquisitions for [Apple Inc.](https://www.bloomberg.com/quote/AAPL:US), [Alphabet Inc.](https://www.bloomberg.com/quote/GOOGL:US), Facebook, [Microsoft Corp.](https://www.bloomberg.com/quote/MSFT:US) and dozens of other companies. The bill would also place new limitations on smaller mergers. + +Chris Sagers, a law professor at Cleveland State University, said the proposal would serve as an effective check on corporate power. “I don’t think you’ll have new antitrust policy until Congress says the courts have incorrectly interpreted the statutes,” he said. “Someone has to do what Elizabeth Warren is doing.” +I have already direct registered XXX shares into Computershare from Fidelity. It was quite simple the first time, but things changed in one week. + +Agent: How can I help you? + +Me: I am looking to direct register another XXX of my GME shares into Computershare. + +Agent: Ok, I can definitely help you with that. I would like to ask, why are you doing this? + +Me: I want to have these shares directly registered to myself and not “street registered.” + +Agent: Just to let you know, these shares are registered to you in Fidelity. It’s no different than having them in Computershare. + +Me: I am confident moving them into Computershare. + +Agent: Ok, also, it is harder to sell your shares in Computershare. You will have to transfer them back to a brokerage to sell them. + +Me: Computershare has a limit and market sell option. I know this because I have done it. + +Agent: Ok, I will perform the transaction for you. + +Me: thank you. + +#APES, THIS IS THE WAY# + +Not financial advice. 🚀🚀🚀🚀 + +edit: I get it, unintentional Fidelity FUD. Apologies for that. I still have XXX on fidelity. BUT, at the very least, half-truth told by rep when said that Fidelity shares are still considered “registered in your name” similar to Computershare. Love ya apes. +Good day apes, + +I'm not the author of the following post. + +The OP - u/Appropriate_Ad_4093 \- can't post here due to karma requirements and since I found the post interesting - I'm helping with sharing his ( or her? ) work. + +Have a nice Sunday and enjoy your Halloween if you celebrate it 🎃🎃🎃. + +**-----------------------------------------------------------------------------------------------------------------------------------------------------** + +# Introduction + +There has been way too many posts where apes are coming out saying that a high floor is not possible. + +These posts are just stated as "fact" and are never backed by any well thought out arguments, reasoning, or critical thought. They should be taken as food for thought to question your own biases and understanding of the MOASS, or at the least just be ignored. + +However, due to how rampant they are, I want to once and for all, dispel these nonsensical posts. They usually come in one of these flavors: + +1. **Number is way too high, it is unrealistic** +2. **Market cap won't make sense** +3. **Who is going to pay?** +4. **Currency will become worthless** +5. **Government intervention\*** + +I will use this post to address these points. For this particular post, I will try to keep the explanations as simply as I possibly can. + +If there is enough traction, I will make a separate post that does a deep dive on this post's concepts using game theory, economic theory, etc. + +\**Before I get started, I will address the point about government intervention. I don't think this is relevant in our current discussion. There is no precedent, we don't know if they will even intervene or not, we don't know what form it will take, and we don't know when they will intervene (could be at $5k, $10k, $100k, $10m, $100m).This is similar to talking about a potential world event intervention like WWIII or an asteroid falling on the data servers containing FTD and short obligation data. Though government intervention is more likely than the latter two events, there really is nothing that we gain from discussing it, and everything will be based on speculation and emotional bias towards MOASS (optimism or pessimism). It is, ultimately, a red herring.* + +&#x200B; + +# 1. "Price is too high, it is unrealistic" + +This is probably the most common one I see, and they aren't based on any type of reasoning, critical thought, evidence, etc. They are purely from "feelings" because the numbers seem too big or unrealistic. If we assume that the premise of the infinity pool fueled MOASS is true based on the DD performed by many of the apes who came before us, we can outline a scenario: + +\- **The Premise** + +Let's say SHFs had FTD and short obligations hidden in their books away from the SEC and other regulatory bodies. Once it is shown that the majority of shares left in brokerage accounts are synthetic (either through an NFT dividend, the float being DRSed, or {insert your idea of MOASS trigger}), they are now legally obligated to purchase back those shares. + +\- **Infinity pool and MOASS** + +However, the majority of apes decided to keep a portion of their shares in the infinity pool. Assuming that the SHFs are legally obligated to buy 100 million shares, and apes are only willing to sell 80 million shares collectively, what stops apes from putting sell limit orders of $30m, $69m, or $100m? + +In normal market conditions where there is no legal obligation and no astronomical demand/supply imbalances, your sell limit order will never be met because other people will undercut you to sell their shares at what they perceive to be high prices. + +However in MOASS, even if we assume that every single ape undercuts you with lower priced orders, SHFs still have to buy *your* shares. + +We can even assume the worst case scenario and say that 99,999,999 out of the 100,000,000 shares were paperhanded by institutions and apes at $1k per share. The current price you see quoted is $1k. + +You are the only person left to sell their 1 share. What is stopping you from putting a sell limit order for $10m, $20m, or $100m? It will go on the order book and be met by the SHF to fulfill their legal obligation. + +\- **Different way to look at it: Billionaire trapped in a desert** + +The situation described above is just another formulation of a supply side shortage with astronomical demand, which means we can look at it in another way without considering it as an issue that arises solely in the stock market. Imagine that a billionaire is trapped in a desert with no way out. + +They are about to die from dehydration until you, a merchant, comes across them. You bought water bottles for $1.50 each at the previous city. The billionaire asks you for water. You ask for $100m for each water bottle. + +According to price anchorers, a water bottle being sold for $100m simply cannot happen because it is "too high" for the underlying value of the water bottle itself ($1.50) and that this is unrealistic. The billionaire simply cannot refuse, as they will die, and there are no other mechanics in place that stops you from selling to them at the $100m price point you asked for. + +There is nothing that stops this trade from actually happening in this scenario. No amount of price anchorers' "feelings" determines the outcome of this trade. + +Now imagine that there is a group of billionaires 100 million meters away from the nearest city. Once they reach the city, they are no longer at risk of dying of dehydration. With each water bottle, they can move 1 meter. + +For the first 50 million steps, they buy each water bottle for $2, then $4, then $10, and lastly $100. They then reach a group of 4 merchants who are also selling water. One says that they will sell 10 of them for $2000. + +One says they will sell 10 for $4000. Another says they will sell 10 for $10,000. The last merchant says they will sell 1 for $100m. The billionaires first buy 10 for $2000, then 10 for $4000, then 10 for $10,000. + +They look around, and there is no other water left except for the 1 water bottle for $100m. They are then obligated, by life and death, to buy that water bottle for $100m. + +As you can tell by now, why stop at $100m? You can literally ask for any amount. You can wait for people to go to jail. That is the point of the infinity pool and MOASS. We have the upper hand. + +As long as X ≥ Y, where X is the legally obligated demand of an asset and Y is the supply available, there will be a name-your-own-price scenario as mentioned above. + +&#x200B; + +# 2. Market Cap + +Market cap can temporarily increase to some ridiculous numbers. But again, there is nothing unusual about this. During the VW squeeze, they also became the most valuable company in the world for a short time, even though the company itself was most certainly not worth that much. + +The price will come down after the squeeze to reflect the company's valuation. In fact, selling a water bottle for $100m would theoretically make the water bottle industry be worth quadrillions x quadrillions x quadrillions of dollars, but it is ultimately meaningless. + +To say that a water bottle cannot be sold to a billionaire trapped in a desert for $100m because of the ridiculous valuation of the water bottle industry is nonsensical. + +All it is is a temporary arrangement where the buyer must meet the price of the seller due to an obligation (either legal obligation for SHFs or life/death obligation for a billionaire trapped in desert). + +# + +# 3. Who is going to pay? + +If a SHF becomes insolvent, the prime broker will be obligated to buy back. If they can't, then it will be the DTCC (its subsidiaries and members). + +If they ultimately can't, it may be up to the Feds to do so. They may decide to print a bunch of money or just have our names on the book with the amount of money we are owed. Who knows. The point is, it is not our problem to solve for them. + +# + +# 4. Currency becoming worthless + +Let's assume that they decide to print quadrillions of dollars for apes to pay for the MOASS. The common misconception here is that the point of the MOASS will be defeated as currency will become worthless. There are two points to address here: + +&#x200B; + +* **How commodity (including labor) prices will be affected** +* **How it will affect apes who gained the most from the MOASS** + +&#x200B; + +First, the money has to be in circulation for the currency to become devalued. If we had quadrillions of dollars sitting in our basement, untouched, literally nothing would happen. If the Fed just has our name and wealth on the books, nothing will happen. + +When those quadrillions start to enter circulation, that's when things become devalued as there will be an overwhelming bid to each commodity in each stage of the supply chain, that the price will increase naturally. + +How quickly will that newly printed money enter circulation and how quickly can/will the government take it out through monetary policy? Who knows. + +Hell, with that much money we do our own monetary policies by doing a controlled injection to the poor and middle class. But in the end, it doesn't matter to us apes. Read below. + +Price anchorers paint this doom and gloom picture of a currency that is completely worthless. They think that if the Fed were to print all this money, that we will be back in square 1 and defeat the entire purpose of the MOASS. + +They fail to realize that wealth is relative. Us apes will be the top 0.001% of the human population that is collectively astronomically richer than everybody else. The next richest group (billionaires) will have at most about a couple of trillion dollars. The majority will still only make about $80k a year on average. Humoring their scenario, even if everything were to increase 10,000x in price right away, apes would still have the buying power. In fact, we might be the only people with buying power aside from the current top 0.1%. + +We can still buy our house, car, charity, etc. Ultimately, we are not damaged by an out of control inflation if all the newly generated money comes directly to us. The average American (including paperhands) may suffer greatly in this scenario, but that is where we potentially come in to help. This is all assuming that every single share is sold for astronomical prices. Again, not really relevant as it is not our problem and it does not affect the diamond hands negatively. + +&#x200B; + +# Conclusion with TL;DR + +High price points are possible. + +There are no natural mechanics that stop apes from selling at high price points. Even if quadrillions of dollars were added, wealth is relative. Apes will not be the ones suffering. In fact, we may be the only ones with any purchasing power. Ultimately, it is not our problem to figure out the solution for these criminals. + +I want to conclude by saying that I am fallible and I am open to corrections and counter arguments. + +You may not agree with me, but please support your counter arguments with market mechanics, supply and demand, reasoning, logic, critical thought, etc. + +Please don't use "feelings" to defend your point. We could foster a good discussion on the topic when we are arguing with facts and logic, thus help our community knowledgebase grow. I will be editing the post as new, well thought out arguments are presented, either for or against. + +\-- + +**EDIT:** *I accidentally quoted the wrong person as* ***OP***. *Corrected with the right one now*. +I’ve joined this community some months ago and i have to admit it’s really heartbreaking to read some of your stories here. I’m full of anger and sadness knowing how one’s life savings can vanish in an instant because of astronomically expensive medical bills. I cannot fathom how some people still defend this disgusting, greedy corporate system that is slowly letting modest hardworking citizens die alone. + +The sole thought of not having public healthcare with all the medical ordeals i went through really makes me shiver and leaves me wondering if i would still be alive without it. + +This isn’t a very useful post, i admit. But i really felt the need to tell all of you currently struggling, that you have my utmost respect and admiration for trying to pull through all of this social and economic hell. + +There is always something out there for all of us. I sincerely wish you good luck, and i really hope that the clouds will disperse for all of you. +I'm in a finance class in college right now, and we are each paper trading $100,000. The student in the lead right now is up about 6%. (I feel confident I could beat this easily, but I want to do something a little more risky.) No effect on grade, but there is a prize at the end of the semester for whoever makes the most. The simulator allows us to trade options, which I'm fairly certain the rest of the class knows nothing about seeing as the lead right now is only up 6% overall. Give me some good plays! Mods, if this isn't allowed I'll happily take it down, just let me know. +Bit of a moral dilemma here. + +My fund manager called me a few months ago and suggested that I increase my risk profile by a few points (per a questionnaire I filled out). I agreed, signed some documents and was under the impression my portfolio had been rebalanced. + +As it turns out, they has an admin failure and did not rebalance. The result: my overall position was -£40k on what it would have been if it had been rebalanced per the instructions. + +I wonder what the collective wisdom is here? + +1. Throw toys out the pram. Make the company liable for the loss in gains. +2. Mistakes happen, for get it and build up some goodwill with the fund manager for the future. +Leave the politics out of this discussion, we're just talking about the impact on markets. + +The narrative yesterday was that stocks fell on fears of substantially higher capital gains tax on incomes over $1M annually. Certainly, that makes stocks a less attractive investment for high income investors because it hurts their risk/return profile. But, if they're selling stocks to move assets elsewhere, that creates an opportunity for the rest of us, right? + +After all, the expected future free cash flows of the underlying businesses haven't changed, right? So if valuations are unchanged, but prices are lower, that is a buying opportunity. Perhaps one could argue that the lower investment incentive (for high earners) could hurt the economy as a whole? And thus that mechanism is weighing on stocks and actually hurting business valuations? That's a little different narrative than the one we're hearing right now though. + +I realize a 1% drop is pretty trivial, but if the Biden plan moves forward and looks like it will pass (or does pass), we could see more price movement on the same fears. My theoretical question is, will that present a buying opportunity for everyone who WON'T be subject to the higher capital gains rate? +Here's a reasonable scenario for the next 12 months, being **very** conservative for Ethereum and **very** generous to Bitcoin. + +* 1st, (1-6 months) RSK doesn't suck completely. It actually gains a few dapps. It's ok. BTC gets some gains, ETH suffers a notch. +* 2nd, Bitcoin doesn't split, and a modest scaling solution passes (1-6 months). Bitcoin surges with the news, which trickles positively throughout crypto a bit, but seems to leave the Flippening behind. +* 3rd, Metropolis delayed until October, a modest increase in ETH relative to the news, but Bitcoin still firmly big papa. +* 4th, Lightening network and Raiden release around same time. Relationship between BTC and ETH unphased, but both chains benefit as a whole. +* 5th, Devcon 3 hits (Nov 1st). People are reminded of the what's actually happening in the crypto space, which was forgotten. + * a) No other blockchain has this much capital dedicated to development, and there appears to be no way to change that relationship for the foreseeable future. Not just the funds held by the Ethereum foundation (which essentially has immortalized it), but also by EAA, and several Dapps, which have also gain so much support they are now near-immortal in their ability to develop Ethereum and ETH out. RSK never had an ICO to push its core tech forward in any sizable way. It permanently locked as an Ethereum dependent. RSK doesn't have EEA, never will. And all other new blockchains would be lucky to reach the funds of a single ETH focused ICO. Essentially, Ethereum IS the innovation lead for the foreseeable future. + * b) Evidence at DevCon3, while PoS and Sharding are still in development, clearly, it will happen. Will it happen without flaws, probably not. Will those flaws create momentary controversy. Maybe. But as we've seen in the past, blockchains, especially Ethereum, live strong through them. **It will be fixed, if needed**. + * c) A realization that mining cartels can't stop PoS. They COULD try to create another Ethereum, but why would a developer community give a shit about it. People now see that PoS IS going to happen. As will sharding. And in time, it will be a success. There nothing that can top this, only match it, and matching it isn't enough to handle the network ETH has created. + * d) RSK flaws, which have been discussed for over year but seem to be easily forgotten, are further realized now that it's been around for awhile. In fact, putting Bitcoin on Ethereum (whether by relay or two way peg) actually has MUCH more functionality and a stronger set of applicable developer tools and network. As much as this is accepted, without sharding, very little will be done with it. RSK, as a novelty, is still around. +* 6th, Post Devcon 3, Ethereum flips Bitcoin (I actually think this will happen sooner, but remember this is a conservative scenario). +* 7th, Even with Lightening and Raiden, Bitcoin and Ethereum start suffering greater transaction lag and increase costs. A new civil war emerges in Bitcoin, how to scale *further*. Maybe even a PoS camp threatens to split given that casper is looking solid now and is a huge threat to PoW dominance. That said, Ethereum is suffering too, but the scaling solution is on the horizon. This is the time for the other coins to shine, maybe even a nice 6 month period, with the argument that the world needs all the chains to REALLY scale and diversify uses cases (Zcash as the prime example, which I suspect will be in the top five market caps by now). +* 8th, Casper finally hits (12 month mark). Ethereum, along with it's associated tokens, dominate 80% of the cryto space, total. Mainstream attention is here now. Casper PoS work well and allows a new level of scaling that's unmatch (although still not quite enough for the year following). Your grandma has heard of Ethereum, but still doesn't get it. Ethereum's public chain is scaling to a degree, but sharding is severely needed. Bitcoin remains locked in its new civil war, with no real solution in sight. RSK is mostly ignored. + +This is conservative guess for Ethereum, and generous guess for Bitcoin. I don't see the SEC doing anything serious. They seem to be of the philosophy to watch how it pays out more, and ETH this next 12 months, is too "in development". However, I feel confident what 5 a-d is likely on the money. Basically, if you buy ETH, store it for a year, your going to be a very very happy person. There's going to be a lot of FUD and FOMO over the year. But without question, ETH WILL BE ON TOP by a very large margin. The smart move, as it has been for the last two years, is play this long game. No other blockchain has this level of developer momentum. Not even close. Literally, the Ethereum Foundation, EAA, and several ETH-based ventures now have near-immortalized levels of funding. That WILL pay out fucking huge, even with all the bumps along the way. +My folks are worth $10m+ tangible assets around $2m. I have one older brother who unfortunately is a meth addict. Typically have nothing to do with folks finances but starting to be involved in estate planning. + +My original ask was that 100% of the cash was put into a trust or annuity that would pay my bro on a monthly basis. Ultimately it was a selfish ask, if he received a lump sum he may kill himself (OD) or burn through the cash and come after me. + +Folks agreed to putting his half in an annuity instead, and giving me my half in cash. + +This weekend my pops asked if I wanted to be the executor of the Will, or have a trustee do everything for us on tangibles. The problem is that he cannot split up his home and it would be stupid to sell it. Paid for in cash in a very up and coming area in wine country. Get the feeling it would haunt him in the afterlife if we sold it, and so he... gingerly asked what I would like to do. Told him I thought a trustee would be more appropriate but second guessing that. + +What I would like to do is manage the properties, and split the cash flow with my brother. Just unsure how you could do that in a fair manner, because my assumption is they would have to leave the home to me to make that happen. + +Is there a way to essentially protect my brothers share of the home while allowing me to manage the property? Idgaf about the money, it’s not mine, and we’re simply trying to grow this for our kids. Not too optimistic on the future of humanity and those tickets to Mars are probably gonna be spendy. + +Appreciate any input as I’m out of my element here. Not asking what’s in my personal financial best interest, just trying to understand my options to fairly split up tangible assets. I don’t want to sell their stuff. +**October 30 2021 - By Stan Szymanski** + +[**This past Tuesday I reported**](https://www.encouragingangels.org/new-blog/2021/10/26/a-tsunami-of-bankruptcy-is-coming-from-the-east-former-fitch-analyst-confirms-that-evergrande-bankruptcy-is-evident-no-proof-the-company-made-its-interest-payment-as-advertised-last-friday) **that Dr. Marco Metzler, former Fitch analyst and now of** [**DMSA**](http://www.dmsa-agentur.de/) **(Deutche Mrkt Screening Agentur GmbH) has announced that the past due interest payment on China Evergrande Group’s offshore international bonds that all of the western media reported as supposedly paid by Evergrande could not be confirmed. Today, he is stating that a second interest payment ($47.5 Million) allegedly made by Evergrande according to the western media last night has not been paid, once again contradicting mainstream media reports.** + +According the the [GMBH News Release](http://www.dmsa-agentur.de/download/20211029_DMSA_EVG_PM_en.pdf) dated today (10/29/21)…*’For the second time in a week, China Evergrande Group has apparently technically defaulted on interest payments to international investors*.’… and in the opening paragraph goes on to say…*’Should the Evergrande insolvency not only drag down China's real estate sector, but the entire economy of the country, we will see even bankruptcies of major international banks - such as HSBC, fears DMSA senior analyst Dr. Marco Metzler*.’… + +…’ *But there has been no official confirmation of any payment of that interest by the close of business at Hong Kong banks’…*continued Metzler. Besides Encouraging Angels, the only other known doubts that concur with Metzler appear in a recent report in the Financial Times Metzler says in the press release. In that document, Dr. Metzler goes on to state that no one replied to their inquiries as to an actual confirmation of the payments to creditors by Evergrande. + +*"Thus, the bankruptcy has apparently already technically occurred," analyzes Metzler.*  + +Evergrande tried to raise capital through the sale of assets. The environment for asset sales is abysmal. The company tried to sell some of its assets to [*Hopson Development Holdings*](https://www.cnbc.com/quotes/754-HK) which fell through*.* [*According to reports*](https://todayinthemarkets.com/2021/10/25/china-evergrande-shares-plunge-12-5-after-2-6-billion-asset-sale-falls-through/)*,* the deal would have been worth 20.04 billion Hong Kong dollars ($2.58 billion), according to filings. + +This is, of course horrible news for a company who has over $300 billion of debt. How much good would $2.6 billion from the failed Hopson deal done for Evergrande anyway? $2.6 Billion is less than 1% of Evergrande’s indebtedness. A drop in the bucket. Evergrande is indeed, bankrupt no matter what the mainstream brokers of financial information ‘report’. + +I have had friends basically say to me ‘If Evergrande defaults, so what? That doesn’t affect us’. In fact one friend sent me research from [Janney](https://www.janney.com/latest-articles-commentary/all-insights/insights/2021/09/22/is-evergrande-a-potential-contagion-risk) dated 9/22/21 that stated: …’*While the U.S. is not immune to disruptions in other parts of the world, we do not view the situation in China as a contagion risk that will derail the bull market*.’… + +What a difference 6 weeks can make. Dr. Metzler’s take on Evergrande is paradoxically opposed to the Janney position on the company as detailed in the press release from GmbH: ���*’Metzler considers it quite possible that Evergrande could drag China's entire real estate sector down with it. This could have serious implications for major international banks such as HSBC. According to their figures for the third quarter of 2021, Hong Kong's largest bank alone has extended loans totaling 19.6 billion U.S. dollars to Chinese real estate groups. Assuming a recovery rate of five percent in the event of an industry-wide wave of bankruptcies triggered by Evergrande, HSBC alone would have to write off around USD 18 billion.* + +*If one also considers the limited possibilities of international banks to access assets in China (see above), there is much more at stake for HSBC: the default of the entire portfolio of Chinese corporate loans. And that, after all, is worth around $196 billion. "Such immense lending to Chinese companies, without a guaranteed possibility of accessing collateral in China itself in the event of bankruptcy, is irresponsible in my view," says financial expert Metzler. With a return of five percent, HSBC would have to write off around 186 billion dollars in this case. That would correspond to almost the entire equity capital of the bank. And would probably lead immediately to its bankruptcy. This would make HSBC a victim of the Chinese financial virus, which would then spread rapidly throughout the international financial markets. "The Great Reset - the final meltdown of the current global financial system - has long since ceased to be a purely intellectual thought experiment," concludes Dr. Metzler.* + +Since the rest of the financial media is not telling the truth about the interest paying ability of Evergrande, and actually reporting that the company has made payments when they have in fact not, I am inclined to buy the narrative of Dr. Metzler who has correctly analyzed the situation and told the truth. + +*"The Great Reset - the final meltdown of the current global financial system - has long since ceased to be a purely intellectual thought experiment," concludes Dr. Metzler.* Indeed. ‘Concluding’ the financial system is just what Evergrande is apparently in the gestational stages of. + +Why should this matter to you? The ability of the American people to discern the truth of this situation and to act upon it in time to protect themselves and survive the coming financial reset is paramount. Obtaining sufficient amounts of food, water (& a way to purify), shelter, energy, security and if you have the resources -physical- precious metals will be the stuff that matters on the other side of the reestablishment of a new financial system. This is not financial advice-consult your financial advisor.  + +[https://www.encouragingangels.org/new-blog/2021/10/30/tfrmmc0cynrs7an2gbwxoktw4p1255](https://www.encouragingangels.org/new-blog/2021/10/30/tfrmmc0cynrs7an2gbwxoktw4p1255) +I'm just wondering how regular people on regular incomes afford sydney? + +I'm from a smaller city in aus and I genuinely don't understand how to people, earning regular incomes, afford to pay for a house and live in Sydney comfortably. + +Are people living pay check to pay check? + +I'm 30 years old and would love to live there, but it doesn't seem to make financial sense for me because my family isn't from there and can't get help and would live a pretty uninteresting lifestyle based o what I could afford + +Edit: so far no one has really been able to give a concrete answer eg I get paid x amount, y amount goes towards mortgage, leaving me to live off z amount and save so much per month +As the title says, a woman walked into Kay Jewelers, opened a Kay Jewelers credit card in my name, and immediately purchased a $6,000 bracelet. + +The facts: + - It happened in a state that I don't live in and haven't been to in over 6 months + - She apparently had a driver's license that had her picture and my name on it + - She knew my social security number and used that to open the card + - The store has a picture of this woman from their security cameras + +How I found out about it: + - Someone from the store called me 10 days ago and left a voicemail thanking me for the purchase. I tried to call back and they did not answer (obviously I should have tried hard to get in touch with them, but didn't think about it too much at the time as I get tons of spam calls all the time) + - The receipt of the purchase as well as the card finally get delivered to my house, letting me know the whole situation + +What I've done so far: + - I have called the store and finally got in touch with someone that told me they are incredibly sorry and that I will not be on the hook to pay off this card (not sure how much I believe that as I'm sure they've already sold my debt) + - I have tried to get in touch with the credit card company from Kay Jewelers to let them know it was not me that opened this or purchased the bracelet, will try again tomorrow as I believe it's past hours + - Called Equifax to try to place a fraud alert on my name and social and they tried to sell me some subscription program to prevent future fraud. When I told the lady that I would like to solve this first before I purchase anything else, she let me know that they did not have enough information to verify my identity so I will be calling Transunion, then Experian next if I have to + - I plan on filing a police report through my local police station tomorrow during the hours they are able to file the report + +Is there anything else that I am missing? I want to make sure that I am not going to have to pay for this purchase as well as make sure it doesn't happen again. + +Thanks in advance for all of the help. + + +Edit: Just realized that I have a Credit Karma account and they asked if the purchase was me this morning. I have disputed this as fraudulent and they have submitted the report to Transunion + + +Update 1 - Tuesday Morning: Got in touch with someone at Comenity bank (the bank that issues the credit cards for Kay Jewelers) and they were actually extremely helpful. They said that they would be opening a fraud investigation into this and not interest would be accrued in this time. Once this is confirmed fraud, they will let the credit bureau know and my credit score will go back up. I requested a physical letter stating that they've opened this report and she said they can send one to my address. +Hi all - + +With CPI week in view, now feels like a good time for a follow-up post to my original "How to hedge against inflation Michael Burry style" installment that I posted on [r/CanadianInvestor](https://www.reddit.com/r/CanadianInvestor) back in May. + +At that point, we were all waiting with interest to see how Burry would approach inflation from the investment perspective. People found the research that I documented in Part 1 useful so I thought I'd make a Part 2 that details his newer inflation plays from his Q2 2021 portfolio (a number of which are value investing plays). This time around there's an actual Canadian company in the mix! + +By my estimate, 28.4% of Scion's Q2 2021 portfolio is currently hedging against inflation. For the sake of transparency on how I got those estimates, I've posted the numbers [here](https://www.reddit.com/r/Burryology/comments/pkxr5s/michael_burry_scion_asset_management_q2_2021/). For those interested, I do a weekly post on like the one I just linked on [r/Burryology](https://www.reddit.com/r/Burryology) with the goal of keeping folks up-to-date on which of Scion's recent stocks are trading at or below their Q2 lowest price (i.e., stocks you could invest in now and be guaranteed to get in at a better price than Burry did). *Many* of these stocks are value plays.On the inflation front, here's my breakdown: + +# US 20+ year Treasury ETFs (7.6% of Scion's Q2 2021 portfolio) + +Burry's treasury instrument of choice is the 20+ year bond. This is a direct play on inflation where he's essentially concluding that the Fed will eventually need to raise interest rates which will lead to an increase in bond yields thereby causing their prices to fall. TLT is tied to the bond price itself. TBT is tied to the inverse of the yield (so when the yield falls, TBT goes up 2x that rate (in theory)).He has positions in both TLT and TBT (see below for descriptions). It should be noted that both of these positions first appeared in Scion's 13F in Q1 2021. It should also be noted that he reduced his TBT position and increased his TLT position in Q2 2021. His TLT position is the third largest position in his Q2 2021 portfolio (which, in my opinion, says something about which ETF he prefers). + +**Put Options on** [Ishares 20+ year treasury bond etf (TLT)](https://investopedia.com/articles/investing/031915/overview-tlt-etf.asp) **- 7.2% of current holdings** + +Probable Burry thesis: rising inflation over the mid- to long-term will lead to the need to increase interest rates, leading to increased yields and making these 20 year bonds less attractive. + +Some context: The U.S. Treasury announced plans to start issuing 20-year treasury bonds in January 2020. The benefits to 20 year treasury bonds are that they're relatively safe, their value could increase if interest rates drop, and they're relatively liquid. The cons are that they're over a 20 year period (meaning you lock in very low interest rates at which you get paid), inflation may occur over that 20 year period and lead to an increase in interest rates that you'll miss out on, and rising interest rates in general hurt the value of these bonds. + +**Call Options on** [Proshares trust ultrashort lehment 20+ year treas etf (TBT)](https://www.zacks.com/funds/etf/TBT/profile) **- 0.4% of holdings** + +Probable Burry thesis: this is the same 20+ year treasury bond mentioned above so the strategy is likely the same. The difference here is that it's a call on a 2x inverse bond ETF. + +Context: The ProShares UltraShort 20+ Year Treasury seeks daily investment results, before fees and expenses that correspond to two times the inverse of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index. (from Zacks article linked above). + +# Energy, Commodities, and Transport (11% of current holdings) + +Commodities are a fairly traditional inflation play. This [article](https://www.investopedia.com/articles/investing/020816/importance-commodity-pricing-understanding-inflation.asp) on investopedia gets into some of the details regarding the relationship between commodities and inflation. The challenge with each of these companies is determining whether the company is an explicit hedge against inflation or whether it’s a value investing play. + +[Ovintiv Inc.](https://www.prnewswire.com/news-releases/ovintiv-reports-second-quarter-2021-financial-and-operating-results-301342593.html) **(Pan Canadian Energy - Encana Corp.) (OVV) - 4.06% of current holdings** + +This is the 6th largest Scion position and the 2nd largest shares-only position (i.e., no options contracts). + +Probable Thesis: First, it's an oil & gas company (meaning the commodities checkbox is checked on this one). Second, it's arguably a riskier investment at the moment. They have very little cash on the balance sheet (enough for 1 day of operations). They are currently redirecting their cash flow towards paying down long-term debt which in itself is another positive for inflationary times (one group that does particularly well during inflation is debtors as the debt inflates itself away). + +**Scorpio Tankers** **(STNG), SunCoke Energy (SXC), and** **Golden Ocean Group Limited** **(GOGL) - 2.9%, 2.4%, and 1.7%** + +I grouped these positions together as they each clock in below 3% of the overall portfolio. Each of these was also an existing position that Burry added to in Q2 2021. + +***Scorpio Tankers and Golden Ocean Group*** + +These two are likely plays on ocean freight/transport inflation. Scorpio is tied to oil transport and is a proxy play on any boost to oil demand that occurs at the global level. Golden Ocean Group looks similar but tied specifically to dry bulk goods. + +***SunCoke Energy*** + +This is the one that I'm leaning more towards "value investing play" and less towards inflation (but I could be wrong). The arguments in favor of it being an inflation play are that it’s a commodity company (coal), it just recently started paying a dividend, and its been working towards deleveraging (at least that was the case earlier in the year). These are themes that you'll see in other investments such as CVS Health below. + +# Revenue Mammoths (9.8% of current holdings) + +The final group of companies are the revenue mammoths. They hail from the retail, grocery, and pharmacy sectors. All four of these organizations are in the top 31 companies in the world by revenue. They have some combination of pharmaceutical distribution and retail/grocery. They offer dividends with two of them being dividend aristocrats. + +**CVS Health (Call Options and Shares) - 4.7% of portfolio** + +Interestingly, CVS Health is the only stock where Burry is currently holding both shares and call options. They are the [7th largest company in the world by revenue](https://en.wikipedia.org/wiki/List_of_largest_companies_by_revenue) (hence the revenue mammoth term). The characteristics that make CVS an interesting potential inflation play are: + +* They have a large pharmaceutical distribution presence +* They have a large health insurance segment +* They have a sizeable retail store segment +* They froze their dividend in 2018 to pay down debt related to their Aetna acquisition + +What makes these intriguing characteristics from the inflation perspective? + +Healthcare and pharmaceuticals have consistently beaten inflation over the past several decades. Pharmaceutical drugs continue to trend up. CVS owns a pharmacy benefits manager which, as a business, is incentivized through proportional rebates to push pricier drugs where they can. + +From the retail perspective, their "front" stores are essentially baskets of goods which can pass on the costs of inflation to the consumer. + +Lastly, the most intriguing reason (in my opinion) is their current strategy to pay down long-term debt. Their stock price is arguably depressed due to the massive $69 billion acquisition of Aetna they made in 2018. They had been increasing dividends every year for almost 2 decades before this acquisition, at which point they froze the dividend and put the money towards their debt. They estimate that they'll hit their debt-to-capitalization ratio in Spring of next year (I personally think it will be summer or fall of next year). At that point, it is anticipated that they will resume dividend hikes and share buybacks as they've done historically. + +With CVS, you have a potential case where the 7th largest company in the world by revenue is undervalued due to a large amount of debt that they are slowly and steadily paying off in an advantageous inflationary environment with a predicted return to hiking their dividends in 2022 (and they appear to be largely inflation-proof). + +**The Opioid Twins: McKesson Corp. and Cardinal Health (Call Options only) - 2.9% of portfolio** + +Two more pharmaceutical revenue mammoths: McKesson clocks in at #12 on the largest companies by revenue list and is the largest pharmaceutical distributor in the United States. They also own a chain of 4000 pharmacy stores. Cardinal Health clocks in at 14th by revenue and is in the top 5 largest pharmaceutical distributors with McKesson. Both offer similar inflation characteristics to the ones listed for CVS Health with the difference being that CVS owns a health insurance plan on top of their pharmacy retail/PBM businesses. + +Another key difference between CVS Health and the duo of McKesson and Cardinal is that McKesson and Cardinal Health were penalized in July of 2021 for their role in the Opioid crisis. Cardinal Health [expects to pay $6.4 billion over 18 years](https://www.dispatch.com/story/business/2021/07/22/cardinal-health-pay-6-4-billion-part-opioid-settlement/8053626002/) for its share of a $26 billion opioid settlement. It's possible that this legislation is currently a drag on these two stocks. + +**Walmart (Call Options only) - 1% of portfolio** + +Walmart is an interesting case because, at first glance, it appears to make more sense as an inflation play than the rest of this mammoth revenue group. Walmart is the largest company on Earth by yearly revenue. They have a strong pharmaceutical presence like the other companies in this category though over half of their revenue is actually from their grocery segment. + +What makes them an interesting inflation play is that their stores are literally giant baskets of goods. They have a large breadth of products which allows them to keep the prices of various product categories lower than their competitors. They also own the basket that the goods live in (along with the land around the basket). Real Estate is a well-known inflation hedge. + +Thanks for reading. +So, I dunno, warning then ban? + +I mean, it's one thing if the price spells "boobs" or something. Otherwise it's just a delayed and slow ticker. + +And maybe enough with the 420 and 69 posts. They were sort of funny the first few hundred times. I mean, of you want to use them in your explanations, sure, but every time it shows up in the ticker? +EDIT: this is not a completely risk free play. Do your own DD. + +Now I know a lot of you guys are not die hard GameStop fans, and that’s fine.. because for this play you don’t need to be a believer in the Ryan Cohen transformation of the company, nor do you need to ride the Reddit wave of irrational buying pressure to stay afloat in the trade. I’m about to present to the ultimate, almost risk free arbitrage opportunity presented by the unprecedented IV we are seeing on this stock. + +What’s the play? + +CSP’s on the GME Jan21 ‘22, $1 puts. + +Now you’re going to need to be patient on this one, because you’ll need to time the IV spike when GME (eventually) crashes back down to planet earth. The contracts closed today at $0.17, but they traded for up to $0.30 a couple days ago when we saw that multi-circuit breaker dip. Inconveniently I missed the opportunity then because IBKR blocked the option chain (as we all know this happened across all brokers) but I’m confident there will be a second opportunity in the coming weeks. To make sure I don’t miss it, I have limit orders in from $0.25 - $0.3. + +I know there’s going to be some skepticism so I’ll going to address the common questions preemptively here: + +Q: What if GameStop goes bankrupt? + +A: Have a look at GameStops balance sheet. Even if the whole world locks down for the next 12 months GameStop has plenty of cash. You may argue that their business model fails in the future, but we’re at the start of a new console cycle and we’re going to see positive earnings for the next several quarters, so there’s no way the company trades down to bankruptcy levels during the timeframe of this play. Someone would literally have to go door to door and burn down every single GameStop location, and even then they have a thriving e-commerce platform that supports over a billion in annualized revenues. + +Q: OK OK GameStop isn’t going to go under in 12 months, but why would I tie up my cash for a year just for a measly 25-30% annualized return? + +A: You’re not going to have to hold this one for a year to get 80% of your premium banked. As soon as IV stabilizes, these contracts will return to $0.05. It doesn’t matter if GME settles at $50 or $8, IV is driving the contract price here, not the underlying share price. Don’t believe me? Have a look at the historical price of this option in the last month. The fundamentals of the company haven’t changed, this purely a result of the volatility we’re experiencing. + +Q: Okay but what about liquidity? + +A: These contracts are trading at a $0.01 spread right now - there is no issue of liquidity. You might ask, who the hell is trading these contracts? The answer is market makers hedging their Gamma/Vega exposure. Heck, there’s enough liquidity to effectively day trade these contracts right now. And, worst case scenario, liquidity dries up when the trading volume settles, and you are forced to sell for $0.10-0.15 instead of $0.05. You’ve still made money! + +This is an unprecedented opportunity to profit off an irrational volatility spike by betting on the solvency of a perfectly well capitalized company. If you have the patience to wait for it you will be walking away a winner no matter how this saga plays out + +TL;DR + +GME Jan21 ‘22, $1 puts (limit orders for $0.25-0.30) +I'm in my late 20s, just starting with my career, and expect to keep working for at least 20 years so cashflow is not my major goal right now. I'm looking to get into student rentals just because I've spent so much of my life in higher education and so I actually really get this niche. + +Basically, the "A" property class would be one or two bedroom condos close to campus in a major city. I would be losing maybe $200-$500 a month depending on what happens with interest rates and other factors as well. I wouldn't mind subsidizing such a property because I can afford to take the haircut right now and eventually the mortgage would be paid off. I'm confident I would be able to rent these condos to professional students such as med students, law students etc. + +The "B" property class that would cashflow would be a single family homes with 3-5 bedrooms in a college town of a 100K people. The homes themselves are nice enough in good neighborhood as they're close the campus but just dated. The tenant profile for this type of property would most likely be undergrads. + +If my goal is long term wealth creation through appreciation rather than cashflow right now, does it make sense to buy temporarily loss-making "A" properties over "B" properties that cashflow now? +There are a ton of posts on here by people wanting to increase their salary - some because that's what they aspire to, some because that's what they need to either get comfortable, or move to the next stage of their lives (property, kids, retirement plans etc). + +I do wonder, however, if some people don't always realise what that's going to involve. In almost all cases, a higher salary comes with more serious responsibilities, or other sacrifices of some sort - and I think it's important to recognise that it is a real tradeoff. I'm not suggesting it isn't worth it, but I worry a little when I see a ton of posts from people getting paid maybe £30K now, who see a clear path to, say, a Director role on £100K in 10 years as if that's a simple journey with happiness and satisfaction at the end of it. + +There's a reason why some jobs are paid more than others. In some cases it's a simple supply / demand timing thing - for example from my position of ignorance, it sounds like the salaries coders are getting paid right now is an accident of timing, with demand rising faster than people can adjust to put themselves in a position to supply those skills. + +Other trades, thought, to make the money you're giving something up. It seems an accepted fact that plumbers make a ton of money, for example - well, that's great, but it also seems to be a fact that it'll destroy your body in pretty quick time. + +Making it to the big director salaries also might be pictured as a great life, fat cat making six figures and living the high life. However, that also generally comes with pressures you can't imagine as a more junior person. I work in recruitment now, and see a good range of job roles and senior people, and I do think it's important to recognise what these roles entail. For a start, it's a hell of a lot easier to lose your job for reasons that were outside of your control the more senior you get. + +I've worked at (small company) MD level, and there are decisions to make there that are genuinely tough. If you really aspire to that kind of job and money, ask yourself if you're prepared to, for example, lay off people who've worked there for 20 years because even after training and performance reviews galore they can't do what you need them to, despite trying their hardest. Crying on their way out of the door. You're ruining people's lives - and that's not a criticism, it's what the job demands sometimes. I didn't want to do it any more - might be viewed as weak, but I don't care, I just didn't want the money that badly. + +Tl;dr - bigger money means a tougher job, mostly. Be sure you want the money badly enough to deal with the crap that comes with it. How much do you need ? +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! + +After paying rent, I have $25 to feed my 4 kids for 6 days. My cupboards and fridge/ freezer are bare. How can I stretch this small amount and keep their bellies full? Their ages are 4, 6, 7 and 12. I've reached out to a local foodbank and can hopefully have a box delivered Friday. I am up stressing on how and what I can feed them when they wake 😢 Any tips would be helpful. Thanks and have a great Thursday 😉 +Can anyone explain why there aren't more corporations owning single family homes? It seems like virtually every other source of a product or service is derived from a corporation. + +This article explains that private equity firms did invest heavily in SFH's during the crash, but purports that activity largely stopped with the rebound in prices. Is it just that SFH's are simply bad investments (i.e. overinflated prices for poor returns), or that individuals can tap loans for SFH's far more readily than corporations as a matter of government policy? If so, does it mean that individuals, in general, are poorly allocating their capital given a corporation wouldn't do the same given the opportunity? + + [https://www.dai](https://www.dailynews.com/2018/04/05/big-investment-firms-have-stopped-gobbling-up-california-homes/)[lynews.com/2018/04/05/big-investment-firms-have-stopped-gobbling-up-california-homes/](https://www.dailynews.com/2018/04/05/big-investment-firms-have-stopped-gobbling-up-california-homes/) + +Moreover, we all know of multiple strategies to find "good deals," such as BRRR, seek out bargains at auctions, seek out LCOL areas. The numbers that multiple posters report bear out that the returns are attractive. Why don't we ever find ourselves bidding against some corporate entity at those courthouse steps? +This is a carry over of my thoughts on an earlier post with a screenshot of someone discussing why they were tired from everything that has happened since they invested in GameStop. The person who posted the screenshot and many commenters were quick to call the OP shill and berate them. As someone who has been on the old sub since before last January, I find this and a lot of similar behavior in this sub quite disturbing. + +By attacking anyone with a dissenting opinion, we are playing right into the hands of those who want to divide us. When someone expresses concerns or doubts, we should address them respectfully and point them towards solid dd they can consult to reenergize themselves. In the event that the person is sincere, you have helped lift up a fellow ape in their time of need. In the event they are a shill, by providing kind and uplifting words for all to see, you not only stop their attempt to spread FUD but you turn the experience around into something positive for any ape with similar concerns to see. + +I have personally asked legitimate questions about real concerns I had only to be called a shill. It does not feel good. I know we can do better + + +Long story short, both my parents passed away when I was ten years old. I went to live with my grandparents and they were under the assumption my parents didn’t have any sort of life insurance policy. Fast forward 20 years. A few weeks ago I was searching for some unclaimed property for my wife and stumbled upon an unclaimed life insurance policy belonging to my father. I submitted all the required documentation to make the claim and I made a search through NAIC and they confirmed he had a policy as well. They also informed me the reason for non payment was due to: “Death Benefit Previously Paid.” + +I’m assuming my mother would have been the benefactor. Would the insurance company pay out the death benefit to her, possibly not knowing she had passed away as well? Since the payout was never deposited or dealt with is this how it ended up in unclaimed property? Are there any issues I should look out for due to the 20 years that has passed since he died? Any advice or firsthand experience dealing with this sorta thing? + +Any advice you guys can give will be greatly appreciated. Thanks in advance. + +*ETA* + +I spoke with an attorney and he contacted the State’s UCP division. Once they verify all of the documents I submitted they will fill us in on all the specifics regarding the payout. I forgot to mention it before but I have no idea what the total dollar amount of the payout will be. I’ll post more updates if I figure anything else out. + +Thanks for all the advice/knowledge you all shared. +The pandemic has brought my family closer together (some more than others) and in the last 6 months we've toyed around with buying a home in a new city where ideally 5 separate family members (and their families) would also buy. + +That means we're looking for 6 homes in total with some other criteria: + +1. flexible on location +2. Good schools +3. Job opportunities for all (mostly medical family so pretty easy) +4. Airport within 1hr drive +5. Winter < 4 mos (need to define this more) + +But 6 homes in an established neighborhood will take a lot of patience and time. So then I thought maybe new development? Are there other options we should be considering?! +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! + +Long time reader and thanks to the entire community for the amazing posts. New throwaway account because I am not sure where else to talk about this stuff. + +I am an early employee at a tech company with enough stock options for a NW between $12-16 million the day we go public. We have really operated on a shoe string mentality at the company to get us to this point and my salary will increase to the $300K a year range up from $140K. + +Our company brought in a few firms like JPM, RBC, Goldman Sachs to meet with employees about financial planning. I decided to go with GS because I felt really comfortable with them and they really asked a million questions and listened. + +I grew up lower/middle class and I am honestly just scared of losing the money. Any advice on how to deal with the sudden windfall and how can I just put out of my mind the fear of losing it all in some crazy market crash etc. The team at GS has laid out a real conservative plan that really addresses a lot of my fears... but it is really starting to consume my thoughts. +With the way they handled the share offering they showed their true colors and it is green crayons all the way baby. + +Let's recap what happened: + +Gamestop announced an update to their previously announced share offering to be 3,5M shares with a maximum of 1B dollars. This equates to about 285 dollars per share. With this announcement they made EVERYBODY think they were going to sell at a price level at least close to 285 dollars, which turned out to be a giant head fake that everyone fell for. + +Usually a share offering is considered unfavorable (at least in the short term) for existing shareholders because it dilutes the share pool and drops the price. Especially in a heavily shorted stock like GME it allowes shorts to potentially cover at lower prices to diminish squeeze potential. The upside being that the company raises capital which in turn should translate to increased stock value over time. + +BUT nothing about GME is usual and RC knows (I would love to give him all the credit but I'm sure his team helped plenty with this play) that the stock price is being manipulated to stay in a certain price channel. The shorts are using high frequency trading algorithms to suppress the price and aren't covering so by leaking out the shares over time RC is using their HFT algorithms against them. The price doesn't drop because it's artificial, shorts aren't covering because they assume it's only their synthetic shares being algo traded leaving all of the 3,5M shares to be gobbled up by apes. + +All of the upside of raising capital, none of the downsides of diluting the stock and allowing shorts to cover. Check mate. + +It's truly a masterful play and it showed two things. + +It showed GME is game. They showed that they are not just going to take it laying down to be messed around with by market manipulators like a play thing, they bite back. And I love it! + +It also showed generosity, trust and commitment towards apes. They could have EASILY held out and sold for the full 1B if they wanted to but instead they chose a way that fully fuk the shorts and empowers the apes at the cost of leaving $450M! on the table. + +All the tweets and subliminal messages showing support for apes was great and all but it was ultimatly just words. With this thing they put their money where their mouth is and gave up dollars to empower and support apes. That to me is the loudest a corporation can speak and it has me convinced without a shadow of a doubt that the entire Gamestop team is fully on the side if it's shareholders and in this battle with the apes. + +My tits are permajacked and I can't wait to see what else Gamestop has in store for us going forward (pun intended). +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) +$1000 account set up on Webull for an experiment. + +Taking disproportionate amounts of risk wheeling the crappiest stocks in the armpit of Wall Street. For the candidates see the link below. + +Currently short: + +CLNN $2.5 Sep 16 put, at $0.55 + +ENDP $0.5 Sep 16 put, at $0.2 + +[https://www.barchart.com/options/highest-implied-volatility?orderBy=strikePrice&orderDir=asc](https://www.barchart.com/options/highest-implied-volatility?orderBy=strikePrice&orderDir=asc) + +Need to add 5-6 more, for diversification, whatever that means in this context. + +I have never blown an account, and I have never made any outsized gains. This is an experiment on theta, and if options can be temporarily overpriced. It is not a suggestion or advice to buy or sell any stock or option. + +Will add screenshots with new or closed positions. + +Constraint: never take or add to this account, and never spend more than 30 minutes finding the options and entering the trades. + +Wish me fat theta, and cheers! +**EDIT: This happened on e-trade, not robinhood. Since apparently a lot of people aren't even bothering to finish reading past the first sentence of this post.** +I've been trading options on RH for a few months now with no issues. Finally moved my account over to etrade this week. + +My account has 4000 shares of RBLX, no other positions. Yesterday I sold covered calls, 20 contracts for $80 6/18 and 20 contracts for $95 6/18, and set a BTC at 50% profit. The 95C was closed successfully. + +Today I woke up with a margin call of $256,546.00. + +[Screenshot 1](https://i.imgur.com/xjMGsC4.png) + +[Screenshot 2](https://i.imgur.com/qneVfF3.png) + +Can someone please explain to me how this is possible?? Not sure how I can be margin called on a covered call, even with margin enabled. + +EDIT: The 80C were also BTC at profit, so the shares are my only position at the moment. It is still showing a margin call for whatever reason, still waiting to hear back. + +**[Update posted here.](https://www.reddit.com/r/thetagang/comments/nc8fwe/update_why_am_i_getting_margin_called_for_250k/)** +**EDIT: This happened on e-trade, not robinhood. Since apparently a lot of people aren't even bothering to finish reading past the first sentence of this post.** +I've been trading options on RH for a few months now with no issues. Finally moved my account over to etrade this week. + +My account has 4000 shares of RBLX, no other positions. Yesterday I sold covered calls, 20 contracts for $80 6/18 and 20 contracts for $95 6/18, and set a BTC at 50% profit. The 95C was closed successfully. + +Today I woke up with a margin call of $256,546.00. + +[Screenshot 1](https://i.imgur.com/xjMGsC4.png) + +[Screenshot 2](https://i.imgur.com/qneVfF3.png) + +Can someone please explain to me how this is possible?? Not sure how I can be margin called on a covered call, even with margin enabled. + +EDIT: The 80C were also BTC at profit, so the shares are my only position at the moment. It is still showing a margin call for whatever reason, still waiting to hear back. + +**[Update posted here.](https://www.reddit.com/r/thetagang/comments/nc8fwe/update_why_am_i_getting_margin_called_for_250k/)** +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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While I'm sure some of you find it ridiculous that I'm coming to Reddit seeking this advice from strangers, I was recommended to this sub for alternative perspectives. So, here I am. My NW roughly includes: + +* $5M - $6M investment portfolio +* $3M generation-skipping trust (GST) (this will not materialize until my mother passes) +* $600k primary home +* \~$500k other assets (company stock, cryptocurrency etc.) +* \-$400k mortgage debt + +A bit about me: I struck it big early on and am now primarily invested in the stock market and a few alternative investments (passive real estate, small tech angel investment). I am a relatively "simple man" who has driven the same car for 10 years, doesn't own a vacation home(s), and am not a member of a country club. And yes, I track my monthly expenses to ensure we're not going rogue and I like numbers—so it's fun to track the data! + +I am married with no kids (will have 2 in the next 5 years) and live in a MCOL city in the USA. + +Right now, I am at a crossroads: whether or not to continue participating in the corporate rat race. + +It might seem crazy to some of you that I even contemplate continuing to work given my NW but, at 32 years old, all of my peers and personal network have day jobs so I feel like I should, too. What would I do?! Also, I don’t want to raise children as a non-working father. I don’t want them to think that is normal. + +Although stressful, I tend to like my job and the benefits it provides (full health coverage for family, 100% remote now with the covid situation, and interesting product vertical). With this in mind, I am not sure I am in a position to exit. And by position, I mean I feel like I would have *so much* time to kill that I think I would feel uncomfortable with that amount of the freedom. I don't want to be the 30-something-year-old with a past career. Although I feel burnt out, I do not feel like all the boxes have been checked. + +So my question to anyone in my position now or previously: even though you were financially in a position to retire, did you continue to work? If so, why or why not? If you retired very young, what did you do with all of that time? + +Edit 1: yes I have hobbies! Just didn’t mention them here. + +Edit 2: average monthly expenses are $12k/mo +So, if you look at the Cohen/Icahn pic you clearly notice the Computerchair behind Icahn. If you look closer you can see the little table next to Ryan, but it is far too low for the computer chair, the chair generally doesn't fit the surroundings. Cohen has shown his eye for detail in previous tweets, that chair is there specifically to reference Computershare. + +Icahn Enterprises has $27 billion assets under management. Looking at his current 15 investments, his average investment size (excl. Icahn Enterprises) is $500 million, enough to DRS \~20 million shares. + + I would be pretty fucking terrified if I was shorting against these bosses. +Hi Reddit. +How do you organize your finances for the new year coming? + +Every year I tell myself that I’ll be different, but I always fail. I don’t know how to organize myself and I always struggling with money. +I earn almost 10k per month but I don’t know how to manage it. + +Can you please share some ideas of how you do it? What works for you? + +Thanks :) +Link to my thread from six months ago +https://www.reddit.com/r/financialindependence/comments/7eo4wi/38msingle_crossed_2_million_today/ + +Long story short, I have had this job for over a decade out of grad school. Pay is solid, hours are great and I didn't hate the work, but my heart has been out of it for awhile. As I approached FIRE in recent years, I allowed myself to travel up to eight times a year. Did zero travel before then, my singular focus was FIRE. I absolutely fell in love with southeast Asia, Thailand in particular. Rich culture, dirt cheap cost of living, cheap airfare to the rest of the region. A close friend saw all my photos that I posted and decided to go herself, fell in love with it too and joined a non-profit that helps to teach English and hospitality and computer job skills to former prostitutes. They offered me a volunteer job and sponsored my work visa application, which was approved by the Thai consulate last Monday. I sat on my resignation letter for the rest if the week since my boss just returned from vacation and I didnt want to drop it on him right when he returns. + +They will provide me a studio flat in Bangkok to live in with their other expat volunteers. My work visa is valid for a year. I am expected to teach and work four days a week and my three day weekends are free for me to explore. Food will be dirt cheap, street food is everywhere in central Bangkok and one to two bucks USD at most. My health insurance there looks to be reasonable, as well. + +I have been putting off FIRE for a few years due to my parents being uninsured immigrants with no retirement savings, I have always planned on helping them retire comfortably. They are now reaching Medicare and Social Security age so the numbers make sense for me to FIRE safely. They have no idea of my net worth, nor does anyone else other than my little sister who has to know as executor of my will. + +All I need to do now is tie up my affairs stateside, study conversational Thai and order a one way ticket. My long term plans are to stick out the entire year no matter what, come home, buy and convert a used Sprinter van and spend the year after that boondocking through Alaska, Canada and the lower 48. We shall see. + +[edit] I never even considered travelling abroad until I began watching Anthony Bourdain's first show, A Cook's Tour, over 15 years ago. My mind was already made up to do this long before he died yesterday, sure. But it makes me all the more sure of what I am doing. I look forward to my trips to Vietnam, his first love. Round trip airfare from Bangkok to Saigon or Hanoi on AirAsia or Jetstar or Nok Air is as low as 50 bucks USD, IIRC. Cheap to Cambodia, Myanmar, Singapore, Malaysia and Indonesia too. I can't wait. + +[edit 2 ] I'm an ethnically Chinese American. Have lived in the south all my life, so I do have a southern accent. Can speak Mandarin and Spanish. Fun fact - I have learned people are very wary of tourists from China due to their track record of poor behavior. In Dublin, Zurich, Doha, Miami and LA, I have had amusing interactions with hotel staff who expressed relief I am an American instead of from China. + +[edit 3] The guy that originally got me interested in Thailand is Mark Weins on YouTube. I can't link his channel directly because I am on my phone - I urge you to add him and watch his videos. His enthusiasm is innocent and his reactions are borderline corny, but it is highly entertaining and informative. +Hi everyone, + +I'm a producer for the TV show, SBS Insight. We're working on an episode about Inheritance - I'm curious to know people's perspectives on this topic. + +**- Are you expecting NOT to receive much of an inheritance?** Perhaps your family isn't well off, or are planning to spend all their money? + +Or the opposite... + +**- Are you expecting to receive a large inheritance?** How does this affect your outlook on life and the choices you make? + +And **have you thought about your own legacy and what inheritance you'll be leaving?** + +If you're interested in having a chat (and potentially speaking on TV), free to message me or leave a comment! Happy to answer any queries. + +Thanks so much for reading - have a lovely day. +Hey all! I've always been extremely diligent with making sure my credit was good; made payments on time, number of cards, amount of debt, etc. I've had over an 800 credit score with all 3 bureaus for 10+ years. Never had an issue. Due to a clerical error (on my part), I missed a mortgage payment (it was on autopay), but never noticed it, and payments went through fine for the next two months. All of the sudden, my credit score nose dives from 817 to 643 overnight, and I call up the bank to figure out what happened. They tell me that I missed a payment, and each months auto payments were paying for the last months bill. They say that they have sent me multiple notices (by email, I still don't know where, I don't see them), and I filed a credit dispute with the bank based on the facts given. I also got my payments current. On one hand, I plan to pay off the mortgage in full by the end of the year, but I hate having my credit not be the immaculate score I used to be proud of. + +Is there anything I can do to get my score corrected? I don't know if reaching out to the credit bureaus will even help. Or if not, how long will it take my score to go back to "excellent"? +For many years, we have been locked into the "work/save/invest" ethos. It has worked to the tune of $2.6mm in investments with an annual spend of $85k. I am mid 40s while she is late 30s. + +In an interesting twist of fate, I find myself unable to hit the stop button on the career that helped build our war chest. I do not particularly love it and I am more than a little surprised that I cannot walk away. Granted, there is some underlying fear but I cannot identify it. More than anything it could be the social aspect of the job (and the free car & expense account?). Travel, reading, painting, hiking, sporting events, daily exercise and volunteering all hold great appeal for us so there would not be a lack of things to occupy our hours. + +Further, in order to make our spending more predictable, we recently scaled down in our LCOL area to a 1900 sq ft townhome from our 5000 sq ft mcmansion. We have no kids so, mostly, we had a lot of wasted space. That being said, it was wonderful to host parties and family over holidays. I severely miss the comfort of movie nights in our theater room & the ability to welcome friends (while maintaining room to breathe). I know -- 1st world problems to be sure. + +Given my inability to accept the "RE" piece of FIRE, I am considering a few more years of toil in exchange for long term comfort of a larger home. Spend will obviously jump to 100k or so and the wildcard of travel can always be reigned in (it's around 20k of our 85k spend now). If we were not in the snowbelt then retooling our housing (again) likely would not matter -- we are and it does, more than I ever imagined. + +We welcome all opinions on how you would handle this. "Am I crazy for going in reverse?" may be the actual question here. Thanks for giving this a read. +34M, HCOL HENRY here. + +A Bank of America private bank survey of 1,000 millennials (aged 21 to 42) with $3M+ in investible assets has been making the rounds on the financial reporting outlets (Bloomberg, Fortune, MarketWatch, etc.). The survey was performed in May/June but the reporting has come out in the last couple months. Key points: + +* They (we?) hold on average 25% of their investible assets in stocks (compared to 55% for those aged 43+) +* 29% rated crypto/NFTs as a top investment opportunity, the highest ranking (28% for real estate, 12% for U.S. stocks, 15% for international/emerging market stocks) +* Over half have invested in NFTs +* They allocate an average of 15% of their portfolios to crypto/NFTs (I really wonder if this means a year ago the allocation was much higher and it has since shrunk), compared with 2% for older generations + +I'm certainly not typical of the survey takers: I bought a small amount across a basket of currencies (\`1% investible assets) 18 months ago, it's down 50%, and I couldn't care less about predicting whether or when it might rebound. The 25% investible assets in stocks figure was shocking to me -- far more than 25% of my investible assets are in stocks. Seems like the perfect way to stay the course while others are spooked by the end of perhaps the longest stock market expansion (and certainly the largest in absolute value created) in history. Are other millennials on the path to FatFIRE surprised by this survey? + +[MarketWatch article](https://www.marketwatch.com/story/rich-millennials-say-this-is-the-best-long-term-investment-11665490355) + +EDIT: comments so far are reinforcing my suspicion that most of the millennials here don't actually believe crypto/NFTs are a better investment opportunity than real estate or stocks 🤣 + +Second edit: I'm quite curious now where they sourced these survey-takers. In the 35-39 age bracket alone there are 200,000+ individuals with $4M+ net worth (22.3M individuals ages 35-39 in the US and 1% net worth for that age bracket from the Federal Reserve Survey of Consumer Finances is $4,034,486), so this 1,000-person sample wouldn't even be 0.5% of that group, let alone the 21-42 age range. +&#x200B; + +https://preview.redd.it/p7ax6xdjpm171.png?width=1600&format=png&auto=webp&s=5d6b0f796524fd55169b33472a462480f1de6a7f + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/nadlij5lpm171.png?width=680&format=png&auto=webp&s=0ffb49b8064b6339dac769268dc4fabbadd47e47 + +Ok lets start off with a couple of obligatory things: + +1st because Ryan Cohen likes southpark this seems fitting + +&#x200B; + +[vote or die - p diddy](https://reddit.com/link/nm3v69/video/hzbrz554qm171/player) + +# Be sure to vote! + +Fellow mod u/nauaf101 made a good thread surrounding how to vote, what banks do what etc. + +be sure to check it out [here](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/) + +&#x200B; + +Second our in house super big brain u/atobitt has written the banana opus be sure to give it a read + +[Citadel has no clothes](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/) + +[The EVERYTHING Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) + +[House of cards part one](https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/) + +[House of cards part two](https://www.reddit.com/r/Superstonk/comments/nlwaxv/house_of_cards_part_2/) + +[House of cards part three](https://www.reddit.com/r/Superstonk/comments/nlwqyv/house_of_cards_part_3/) + +I've not personally had the chance to read the latest two parts but I do know these have been fact checked by u/dlauer and Dr T and it seems they check out! + +So this will make for an interesting read today! + +&#x200B; + +https://preview.redd.it/kh7m19bdrm171.png?width=960&format=png&auto=webp&s=130380e04f5dd28716058e233b881ad69901ded7 + +# They closed them in January? then how do you lose.... ooooooh + +In a recent Reuters article we can read that the short sellers have lost $754 million on Tuesday alone + +[https://www.reuters.com/technology/gamestop-amc-short-sellers-lost-754-mln-after-tuesdays-rally-ortex-2021-05-26/](https://www.reuters.com/technology/gamestop-amc-short-sellers-lost-754-mln-after-tuesdays-rally-ortex-2021-05-26/) + +I keep hearing about they supposedly closed their position, we see strange behavior with the stock (FTD cycles) deep money options accumulating beyond the float, glitches showing up which we hypothesise may be shares which may be the number of shares which almost become FTD + +This is far from over imo + +[Volume glitches](https://www.reddit.com/r/Superstonk/comments/nliz0i/volume_glitches_surrounding_t21_dates_finra_rule/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +But seeing we had some good days I need to remind everyone of my favorite leather bound book series + +&#x200B; + +https://preview.redd.it/gq8qomabtm171.png?width=460&format=png&auto=webp&s=cadb7774a0a19d6eaf4ce317b99a20c702f70941 + +it's not over till it's over, so until then expect everything can happen, the only thing we can know for sure is that the stock can go up, go down but one thing we know for a fact the line will go from left to to right. + +But until its over, all we have to do is wait and hodl. + +&#x200B; + +https://preview.redd.it/48lool9tum171.png?width=586&format=png&auto=webp&s=8e5fa530ccac6a54329e701cbce92fa0fc97a81d + +Let me do make it clear this is a cool thing that Ortex is reporting this but ortex also says gme only has a SI% of 17% (which would mean that for them to lose that much in the past 3 days the price would need to be 2k+) so take it with a grain of salt. all I know is that my college math professor would fail them.. hard. + +&#x200B; + +[after yesterday r\/superstonk waiting for the opening bell](https://reddit.com/link/nm3v69/video/ceg3gqo4sm171/player) + +# Reverse Repo... Again? + +&#x200B; + +https://preview.redd.it/1mfirg4pum171.png?width=1440&format=png&auto=webp&s=043b003683e9ec674bdfdf6e66db9e151a29ffe4 + +Ok this one is something that makes me scratch my smooth brain quite a bit, the repo's are being used like... alot, and they keep increasing every day I remember somewhere last week or so these numbers where in the 300 now they're at 450 for yesterday. + +let me explain with some links + +[https://www.reddit.com/r/DDintoGME/comments/nkmoi9/response\_to\_the\_post\_about\_the\_reverse\_repo\_limit/gze53hp/](https://www.reddit.com/r/DDintoGME/comments/nkmoi9/response_to_the_post_about_the_reverse_repo_limit/gze53hp/) + +u/Carb0n12 was a kind enough ape that went through all participants and listed them for us in the above link. + +then u/Believer109 made a thread [here](https://www.reddit.com/r/GME/comments/nljwua/a_user_on_ddintogme_has_discovered_that_54_out_of/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) but I'll quote his post here for ease of reading. + + All credit to /u/Carb0n12 and /u/BlindAsBalls for this post which is buried + in a good DD about the FED's Reverse Repo process. + + What does this mean??? + + Well, it means that there are 58 total institutions participating in the SOMA. + There is a hard limit on the value of the SOMA ($7.3T), + but an individual institutional limit of $80B each. + Last night we hit $433B total and we know that there were 54 + Reverse Repos (again, out of 58 eligible institutions). + + It is very very likely that one of the bigger banks or players + on that list will hit their $80B limit very soon, + perhaps as soon as this week or even today, + meaning they would be forced to margin call HFs for the difference. + + Not financial advice. + All credit to the users who did the due diligence, + just trying to bring attention to this. + It's huge. + +Thanks for researching this guys, it seems that this in and of itself is... bad (for the economy) but it's not like we're facing hyperinflation or another crashing housing crisis right? + +Welp... fuck + +u/Sh0w3n made a thread [here](https://www.reddit.com/r/Superstonk/comments/nljmgp/hello_the_big_short_hello_michael_burry_over_21/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +And take a wild fucking guess... Over 2.1 million mortgages are ''seriously delinquent'' (have not paid for more than 90 days) and in total 8.2 million mortgages are "behind" so we will most likely be facing another 2008... again, but seeing what we can now see (and know) of the stock market this will be a 2.0 and worse. + +&#x200B; + +https://preview.redd.it/13762xpsvm171.png?width=600&format=png&auto=webp&s=af08c9c336bc46bc61e73942b7f6e9559d3f6bd4 + +# He did what!? + +Ok first of all let me boilerplate this, I thought it was hilariously fucked up, but here is the thing, we can't do that kind of shit here, we are a stock board and even though we may have some juvenile or crude humor from time to time, this is where we have to draw the line. + +Because if we don't what's next? someone taking a crap on their bosses desk? or worse. + +I'm just saying it's all fun and games, but that stuff we gotta keep off of here. + +&#x200B; + +&#x200B; + +https://preview.redd.it/9pru2uugwm171.png?width=500&format=png&auto=webp&s=27435aefb42f375d947337187be03d61961a0853 + +Ok so some last stuff before I go today, here are a couple of links which I believe might be interesting for you guys! + +[https://www.reddit.com/r/Superstonk/comments/nlr9n7/one\_of\_our\_own\_apes\_called\_this\_run\_up\_a\_week\_ago/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/nlr9n7/one_of_our_own_apes_called_this_run_up_a_week_ago/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[https://www.reddit.com/r/Superstonk/comments/nfodjb/there\_was\_never\_a\_wedge\_wyckoff\_accumulation/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/nfodjb/there_was_never_a_wedge_wyckoff_accumulation/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[https://www.reddit.com/r/wallstreetbets/comments/nlmlev/daym\_it\_feels\_good\_to\_be\_a\_gme\_hodler\_in\_times/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/wallstreetbets/comments/nlmlev/daym_it_feels_good_to_be_a_gme_hodler_in_times/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +&#x200B; + +https://preview.redd.it/fudmlucuwm171.png?width=554&format=png&auto=webp&s=c725b84568142f991da3b03d397182aefffdfd49 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/pdonx5vwwm171.png?width=400&format=png&auto=webp&s=b98ff9e8d9507bfc692528c22fcea8fd200974ba + +emember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +&#x200B; + +Edit: + +Our Swedish apes can now votehttps://www.reddit.com/r/Superstonk/comments/nm39ni/breaking\_the\_swedish\_broker\_avanza\_will\_finally/ + +Edit 2:Cramer flipped.... again + +[https://www.youtube.com/watch?v=o8dhFQKHRsk&ab\_channel=CNBCTelevision](https://www.youtube.com/watch?v=o8dhFQKHRsk&ab_channel=CNBCTelevision) + +not sure what to make of this 🤷‍♂️ + +Edit 3 + +# ETORO WILL LET YOU VOTE! + +[https://www.reddit.com/r/Superstonk/comments/nm78os/etoro\_vote\_to\_be\_announced\_tomorrow/gzmwjoh/?context=3](https://www.reddit.com/r/Superstonk/comments/nm78os/etoro_vote_to_be_announced_tomorrow/gzmwjoh/?context=3) + +More news to come on this, also I can not personally verify this Email so.. grain of salt and all that. + +Edit 4 + +House financial committee hearing, 27th noon + +[https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=407756](https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=407756) +$3/day is $1095/year; $91.25 a month. What could you do with an extra $100 a month? + +The rule is simple. I save three dollars a day. Somewhere, Somehow. At first this was as easy as not buying a coffee in the morning. Or not stopping for fast food on the way home. Now it is paying debt early, moving money around, more complex financial transactions. But, sometimes, it is still as easy as not buying coffee. + +The point is, the dollar amount made me THINK about how I handled money. It gave me a simple way to introduce myself to the idea of money as a future commodity. Pick your own amount. Pick your own way. But if you have trouble getting past the mental hurdle of digging out of debt and gaining financial independence. This trick may just help you. +**This is not financial nor investment advice. These are ideas and opinions for information purposes only.** + +*This post will read bottom to top. It's easier for people to refresh the page and see edits at the top* + +**Historical supports and resistances:** + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 156.5, 162.5, 172, 176.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256.5 + +[https://reddit-stream.com/comments/mlbjk9/](https://reddit-stream.com/comments/mlbjk9/) + +&#x200B; + +**Edit 21 4:01PM:** + +Ending the day around 184.40, down 1.36%. Overall a good day for the bullish. IV crush continuing and setting up the ideal conditions for a gamma squeeze. + +https://preview.redd.it/lpprvk960mr61.png?width=2164&format=png&auto=webp&s=f74e861bb2054e03a84808673b93c157363b9f8e + +**Edit 20 3:00PM:** + +I'm back on my power hour stream, you know where to find me. Will keep updating this doc. + +**Edit 19 2:44PM:** + +183.5 support if we cross the current level. + +**Edit 18 1:58PM:** + +https://preview.redd.it/0k0ussk8elr61.png?width=505&format=png&auto=webp&s=0f8685c26c30c4f00aa2d23b66d2e8bb1d54228a + +**Edit 17 1:36PM:** + +Small pullback on pretty low volume. Nothing too interesting. + +https://preview.redd.it/47lq8h96alr61.png?width=2148&format=png&auto=webp&s=a692f648f75d8f8ad1187bb7144b70353f6f4846 + +**Edit 16 1:30PM:** + +Basically due to the lack of fundamental catalysts, we are waiting patiently for forces behind the scenes to move the stock price. It's always eerily quiet during periods like right now. + +Forget options chain, forget TA, what's coming soon is a chain of business maneuvers that can push the price. So whether that be a share recall, a change in leadership, big business changes are underway. Eventually we'll likely walk out of the eye of the storm, and get flung into the sky and catch a rocket to the moon :D + +**Edit 15 1:28PM:** + +Sorry little crayon typo in edit 12. I drew the first circle on the wrong day, fixed it now! + +**Edit 14 1:22PM:** + +By eye of the storm, we were hit in January, turbulence in Feb, and now late March and early April seems to be the eye. It's always oddly quiet in the eye. + +My take on those 330 and 340 strike Put walls is perhaps those are post squeeze bets. You basically want to buy to open Puts during the lowest IV trading period so later you can sell to close during a high IV nosedive. + +**Edit 13 1:12PM:** + +Today might be the eye of the storm. + +**Edit 12 12:47PM:** + +Most likely will have to wait till power hour for any major movements. I'm expecting some action either Thursday or Friday, will be colliding horizontally with a major resistance line. + +https://preview.redd.it/k2wo790n8lr61.png?width=2137&format=png&auto=webp&s=4128ab1e91599c3c048166f85209c658e8fe03ed + +**Edit 11 12:27PM:** + +Great post from u/bobbychow305 about Webull lending. I would recommend you guys turn of lending by following the info in his post! + +[https://www.reddit.com/r/Superstonk/comments/ml293a/webull\_lending\_shares\_program\_is\_set\_as\_default/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/ml293a/webull_lending_shares_program_is_set_as_default/?utm_medium=android_app&utm_source=share) + +**Edit 10 11:48AM:** + +Sideways, low volume, excuse the boring price action! + +https://preview.redd.it/5s6bvdbwqkr61.png?width=2143&format=png&auto=webp&s=2f9f50f3cb05b421f89de83376b00ed80cbffed0 + +**Edit 9 11:07AM:** + +Double top as expected. We should consolidate around VWAP. + +https://preview.redd.it/2o2jemvljkr61.png?width=2138&format=png&auto=webp&s=eb5398457285ebaa197191fbcc8f1547c62de207 + +**Edit 8 10:49AM:** + +We bounced off the resistance, possibly a bull flag followed by a double top. + +https://preview.redd.it/46zq2d4dgkr61.png?width=2141&format=png&auto=webp&s=2413d623a8d71b037660d5434f02f4214127ac52 + +**Edit 7 10:33AM:** + +Edit 2 resistance tested. + +**Edit 6 10:31AM:** + +Nothing crazy on optionsonar. <100k orders mostly on OTM Puts. + +[Data courtesy of https:\/\/www.optionsonar.com\/unusual-option-activity\/GME\/latest-trades](https://preview.redd.it/qmd5amv1dkr61.png?width=2483&format=png&auto=webp&s=1f3fad35c51931560fe645b253739f881af5dae5) + +**Edit 5 10:21AM:** + +Volume still extremely low, expect mostly sideways action today. + +https://preview.redd.it/x3wxu3g9bkr61.png?width=2138&format=png&auto=webp&s=ade46076e29c0a065b5447fc2f4f78aa707555e5 + +**Edit 4 10:07AM:** + +Descending channel with breakout to the upside. Nothing too interesting in options right now. + +https://preview.redd.it/o2g9zkpr8kr61.png?width=2139&format=png&auto=webp&s=8d0c16ea967bb4099be169c8a29b3b95d96b4d75 + +**Edit 3 9:41AM:** + +Extremely low volume, 280k first minute candle. It's like the eye of the storm. Nothing too interesting happening right now. + +**Edit 2 9:33AM:** + +Possible resistance we might test later in the day. **This is not a prediction, just a possibility.** + +https://preview.redd.it/df5l38tq2kr61.png?width=2126&format=png&auto=webp&s=c5c03e786326ccae0a0e07231318812a945a3d1e + +**Edit 1 9:29AM:** + +Added 186 support. Likely mini selloff touching 186 first minute candle, then small bounce. + +# Begin reading here + +https://preview.redd.it/qo6z5rztzjr61.png?width=1200&format=png&auto=webp&s=bc95223155be0a0b57565e9a0474039a065f5259 + +Gooooood morning my fellow apes! + +Seems Michael Burry deleted his Twitter huh? Seems he actually knew what he was talking about! + +I sense a storm is coming. I hope you all went to Wendy's and got yourselves a nice meal, because this is gonna be a long car trip down a windy road before we reach our destination. + +A quick reminder that I will be dual posting here and streaming on [https://youtu.be/MI7WIo25eF0](https://youtu.be/MI7WIo25eF0). + +# Premarket analysis + +Broader market down pre-market. Gap down with fade up for GameStop. + +https://preview.redd.it/tsmbj55i0kr61.png?width=2144&format=png&auto=webp&s=4d51fcb91d452c89c94664bbcd5676b531e9c7ca + +**Socials** + +Discord [https://discord.gg/GmRYtEW](https://discord.gg/GmRYtEWS) | Twitter [https://twitter.com/warden\_elite](https://twitter.com/warden_elite) +I miss being an entrepreneur, and have been considering leaving my well paying tech job to give it a shot. + +I've got enough of a safety net to spend 6-12 working on something without any changes to my lifestyle, and I've got enough relationships in the industry that I can hopefully jump back in should I want to. + +But going from a full salary + benefits to nothing at all is nerve wracking, and I don't have any friends who have done something similar. Has anyone made a bet this big on themselves before? +I normally wouldn’t expect fud from my wife. I told her, “these apes are my real life friends”. Seriously though, the people on this sub are incredible and delight me everyday. Yeah I’m on my phone a lot but I’ve learned more these past six months than probably the past six years. Hopefully one day some of you will be my “real life” friends because we do have a lot in common. 🚀🚀🚀🚀🚀💎🙌🏼 +> The bank posted profit of $4.01 billion, or 40 cents a share, compared with the 46 cent estimate of analysts surveyed by Refinitiv. Revenue of $22.8 billion essentially matched expectations, and trading results exceeded expectations by more than $500 million.  + +The bank also set aside an additional $3.6 billion for potential bad loans, a reflection of the darkening economic outlook. Its total provision for credit losses rose to $4.76 billion, from $941 million the previous quarter. + +[https://www.cnbc.com/2020/04/15/bank-of-america-bac-earnings-q1-2020.html](https://www.cnbc.com/2020/04/15/bank-of-america-bac-earnings-q1-2020.html) +From **[Wall Street Journal](https://www.wsj.com/articles/do-ride-sharing-customers-sit-in-front-11556480113)**: + +> Uber and Lyft each provide substantial discounts and incentives to riders, which subsidize the cost of trips and encourage usage. But they don’t account for these amounts in their sales numbers. Instead they categorize them as marketing expenses. That inflates reported gross profits and distorts common analyses of the companies’ unit economics. +> +> This distortion is possible because both companies inexplicably assert that their customers are not the passengers but the drivers... + +And instead, passengers are called "end-users". These definitions allow them to adjust their sales: + +> In 2018 Lyft included $338.4 million of rider incentives and refunds in “marketing expenses.” Had it been treated as ordinary sales discounts, reported revenue would have been some 16% lower than the $2.16 billion disclosed. The same year Uber reported that $1.4 billion in “sales and marketing” was for consumer discounts, promotions and refunds. If treated as ordinary sales discounts, sales would have been 12% lower than the $11.27 billion reported. + +You can see **[Uber's S-1 filing](https://www.sec.gov/Archives/edgar/data/1543151/000119312519103850/d647752ds1.htm)** to the SEC calls passengers end-users: + +> End-users access the Platform for free and the Company has no performance obligation to end-users. As a result, end-users are not the Company’s customers. + +Uber says there, "Drivers are our customers". +At some point I'm going to start investing in real estate - whether that be 6 months from now or sooner, I really wanted to understand the numbers behind what makes RE a powerful investing tool and how it affects my bottom line over 30 years. + +I know there are already online tools and pre-created spreadsheets but I thought one of the best ways to learn about real estate investing on a deeper level was to create this myself. Not only would it force me to learn formulas and the math behind RE, but is also something I can use in the future. + +I'm fairly satisfied with how it looks at the moment, but I thought I would post it on Reddit and see what some of you thought - maybe I'm missing something numbers-wise or maybe my analysis is wrong in some area. + +I filled in an example property to illustrate what the sheet does/keeps track of. + +I created 3 base sheets: + +1. Property Analysis +2. Growth Projections +3. Mortgage Amortization + +[https://imgur.com/a/0GbWyX1](https://imgur.com/a/0GbWyX1) + +**Property Analysis** + +This sets the pace for the rest of the sheets. After filling in the address, you have 4 main boxes that you assign values to before continuing. The estimated purchase price, estimated reno expense, ARV (after reno value), and lastly a checkbox to select whether you're leveraging or buying outright with cash. + +Once the first 4 boxes are filled under "Assets", mortgage information (if applicable) should be filled. Standard loan information such as interest rate, NP (number of periods, dropdown select from 30-year to 15-year), and date initiated are adjustable here. + +The next area in this sheet and the last is "Expenses" - this is pretty self-explanatory. Insert estimated taxes, insurance, HOA, etc. I have some side notes here for personal reference/reminders. + +Once these boxes are filled in the rest of the workbook comes together and presents an analysis on the property that you're prospecting. + +**Growth Projections** + +This will use my state-wide average housing market growth rate and rental market growth rate, I have these set specifically for the area I'm looking in but they can be changed easily to accommodate any location. + +There's an automated 35-Year snapshot that takes into account compound interest and estimates how your investment could affect your net worth (assuming steady/conservative growth) in 5, 15, and 35-year time slots. + +**Mortgage Amortization** + +This is just a basic amortization schedule that automatically creates itself based on the "Property Analysis" spreadsheet. Before buying the home, this gives a closely accurate payment schedule for the period of the loan. This is factored into the Net Worth section of the "Growth Projections" sheet. + +I definitely feel more confident about investing in real estate after building something like this - I may change up the formatting of "Property Analysis" so it makes more sense especially in terms of scaling, but overall I'm pleased with what I have so far. + +Just thought I would post it here and get some feedback, I'm definitely open to suggestions. + +\---------------------- + +Upon request, I've made a shareable link for the spreadsheet! + +[https://docs.google.com/spreadsheets/d/1tGdk-LrSZnVja3CnIjf5FezCdIUrb-2J16-4SWwF5ys/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1tGdk-LrSZnVja3CnIjf5FezCdIUrb-2J16-4SWwF5ys/edit?usp=sharing) + +It's recommended that you make a copy of this sheet (File>Make a Copy) and keep for your own personal edits. + +I've made some adjustments here based on your advice - such as a "variable savings" button that uses the saving rates u/ogprichard mentions in his post. I've also included closing costs here with a variable you can change. There were some other fixes I made including some minor details with the expense formula and accurate period allocation for both 30-year and 15-year within the 35-year snapshot sheet. Happy number crunching! +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) +Well good, because you are. + +You didn't let mistakes and moments of ignorance or hardship in life keep you in a bad position. You're all actively working to pull yourself out of a hole--however big or small--and improve your situation. Don't let anyone minimize your success or progress; every victory counts & I'm proud of y'all. + +Edit: Thanks for the silver kind stranger! +I see a lot of people in the daily thread who got a little blindsided today. I myself have been spinning my wheels the past couple weeks due to a couple unlucky plays (SPY $306/307 CCS that I opened at overbought), and lack of risk management. + +On top of that, those of you who still frequent wsb may have been feeling extra FOMO after seeing the gains from those who bought cruise/airline/non-covid-stock calls. + +*So I figured it's time we remind ourselves why we're here.* + +Unlike a wsb-er, we will not see wild 1000% gains. But at the same time, if you're doing this right, **you will not see -100% account losses.** It's very likely that the same people posting gains today could be posting losses next week. + +And if you're spreading out your risk properly, on top of making calculated plays, your gains will outpace your losses in the good times, as well as offset/minimize your losses in the bad times. + +**If you have CC's** that are now likely expiring ITM and you're mad that you missed out on profit, don't be. Instead be glad that you made a profit. And if you opened a play *above your cost basis*, which is key, then you definitely made a profit. Congrats! There's always money to be made, so don't sweat missed profit (even if you missed $1000 on DAL and $500 on DKNG like me.) + +**If you have CCS's** that are now either ITM, or in danger of being breached, you got some options. You could try to roll the spread out for a profit, or you could open up an opposing PCS (thus making a tall iron condor) to recoup potential losses. Eating the loss is not recommended, but hey, we've all panic sold a losing spread before. + +\- Also, hopefully you're keeping your risk at **5% of your account or lower** per play, keeping close to delta neutral, and this is something that doesn't get enough mention: **diversifying plays across sectors/industry's/psychological-stock-groupings.** + +\- If you opened a bunch of CCS's on airline companies, well you likely got clapped this week. And if you're considering opening spreads on companies like PTON, ZM, and NFLX, well you should think about how they move in relation to each other. Hint: they're all COVID stocks, meaning they may move similarly. + +**If you have PCS's** most likely you made a profit today, congrats. Not much else to say, but read below about *unconsciously* rolling winning trades for more premium, it's applicable here too. + +**If you have CSP's** well you also probably made money. BUT, don't just keep rolling up your strike's/expirations. It's important to **think** about whether you even want that company at that new price. Maybe you like UAL at $26, but not at $36. Well that's okay, move on. Especially because (despite the past 2 weeks) stocks tend to revert to their mean. Meaning eventually UAL *may* come back to earth, or at least back off a little. And if you rolled your CSP up today to collect more premium, hoping UAL levels off or rises more, well there's also the possibility of being caught by the pullback **at a price you don't even like.** + +In conclusion, if you've been playing theta-gang right, **you will live to fight another day.** This is a long-term game, especially if you're younger, like myself. I constantly need to remind myself of that. Will I likely remember/be affected by a 1 month stretch where I spun my wheels in 10 years time? **No.** So chill out a little, ride the waves, and keep collecting that sweet sweet premium. +I rented my house out to a realtor who wrote the lease for herself. Now I’m having trouble collecting rent. She put a nominal late fee and is doing terrible job communicating with me. I have another mutual friend I met that said she’ll manage the property for me but told me to phrase it as a consultant. Is it a bad idea for me to bring her on to help me with this? Is it time to evict my tenant if she’s over 15 days late? +It recently occurred to me that in WSB, it’s against the rules to post about penny stocks, so not a lot of you follow the price action. + +I'm a day trader and my trading strategy focuses entirely on penny stocks that are owned by hedge funds known to manipulate the market. Most stocks I invest in are all complete garbage, but I look for pump and dumps, obvious manipulation patterns, and anticipate runners based on near-identical charts of multiple companies. + +I haven’t paid much attention to any of the stocks on my main watchlist since January, because I went all-in on GME. What I did notice though, is that my watchlist has been red, since early February. There are some green days in there and many days that trade sideways, so it didn’t feel like they were completely tanking, but they're definitely all tanking. + +Last night I decided to actually to take a deeper look into the charts. They all started going down at the same time in early February with no real spikes, just bleeding. They all follow a similar trend as well. + +Below are most of the stocks (YTD charts) I’ve invested in, in the past year. And let me make this clear because this is an important detail — **I didn’t just select certain stocks that look similar on my watchlist. These are literally all the stocks on my watchlists, besides GME, AMC, NOK, and BB. I’m not picking and choosing the ones that look similar to make strengthen a claim.** + +&#x200B; + +https://preview.redd.it/v9y6um8amhu61.jpg?width=1125&format=pjpg&auto=webp&s=8be7ac66943a40a42ca332f638cc1ff7ac428588 + +\[[Here is an album if you'd like to take a closer look](https://imgur.com/a/mAr9aDP)\] + +If investment banks and hedge funds didn’t report record quarters and the market hasn’t held at record highs, I could possibly believe there might be a rational explanation for dozens of stocks, some in completely different sectors, to trend downward for months in similar patterns. But that simply is not true. + +I spend hours looking at charts every day. I am very familiar with the trend line for every single one of the stocks in my watchlist; if you were to print out a 1-year chart of every one of these stocks, without labeling them, I’m pretty confident that I could tell you the company associated with every chart. So I assure you, the trends are not normal. + +Here’s my theory: The mass sell-off is definitely not going towards covering the shorts, instead it's paying for interest, pump and dumps, and the capital needed to purchase the blocks of shares they’d sell off to drive down the price. They were able to get away with it because people don’t tend to follow a bunch of garbage stocks, and since penny stocks are known to be extremely volatile, it doesn't raise any eyebrows when one tanks 30-50% in a short timespan, or even in a single day. And media outlets don’t really look into penny stocks too much.  + +Also, this is entirely speculation, but I’ve also noticed that when penny stocks cool down they will trade sideways for weeks. Understandable if there’s low volume, but sometimes there are days when the volume will randomly be extremely high, but the price remains stagnant and there’s no news whatsoever to explain the high volume. It seems like an algorithm keeps the price bouncing back and forth, propping it up. But they aren’t bouncing back and forth, they’re just bleeding. HFs may have run out of money to prop up the stocks, so that’s why they’re sinking. Again, this is speculation, I don’t know what really goes on behind the curtain. + +TL;DR: My watchlist is full of stocks that HFs manipulate and there have mass sell-offs of every single one since February, even though we’re experiencing record highs in the market for months. +Financed a 2018 Hyundai Elantra with 60k miles in 2020 at ~10% through capital 1. Owed 9k on it bought it for 13k. Been paying $229 per month on it + +Unfortunately that car was recently stolen. I racked up credit card debt after being unemployed or underemployed for most of 2021 so my credit took a major hit with my transunion & equifax dropping to 550. Been working hard this year to pay that off & my transunion & equifax are at 654 now then this happens. Don’t have any savings as a result. + +Need a car to get to work & live life. Used car prices are trash. Now I could afford a ~$500 payment on a nice used car with low miles. Carvana prequalified me with 0 down at ~18%. Capital 1 wouldn’t approve me. Not sure what to do. Need a car asap if my current one can’t be located in good condition. + +EDIT: Car was recovered with damage 2 blocks from my house. Bumper cracked, windows smashed, steering column broken. A Kia was stolen as well & they hit mine with it when they dumped them. + +Also, I do have insurance, full coverage. Carmax offered me 10k for it last week so I’m assuming insurance would’ve payed it off had it not been recovered or if they declare it totaled. I live in Atlanta not Milwaukee & i am well aware of the KIA boys. +I read they extended the Eviction Moratorium in Los Angeles until August of 2023. + +I have no properties in the state (thank God), but I keep read about Mom and Pop landlords who are nearly going broke from paying multiple mortgages. Some have had no rental income on certain properties for over two years. + +I really have no idea how these people are surviving. It's a such a broken system, because there are A LOT of fraudsters who are milking this and living for free, while a Mom and Pop landlord could end going broke and on the street with their entire family. + +I'm honestly surprised that an army of Mom and Pop landlords have not united to file a class action lawsuit in that city. +hello, + +&#x200B; + +if you were in your late 20s what skill set or investment did you make that help you grow your wealth and assets? trying to know what others have done in the past that help so i can learn and do the same +im 40 and ive been living with roommates or renting from friends who own houses for my entire life. ive also never made more than 38k. + +i have to move in a few months and im starting to look around and holy shit. the shittiest of shitty, 500sqft, run down, no windows, shag carpeted, probably have mold, studio apartments that used to be sex motels in small town WA are going for $1,500 a month. $2,500-3k is normal. i have a pt job that pays about $900 a month right now and im looking for something full time but even most of those pay 2000-2,500 a month at best. + +really, how the hell do people do it? the math just doesnt make sense to me. how is living like that sustainable for even a short amount of time. + +I got in a reddit argument awhile ago about gentrification and rent prices because the person saw no correlation between being priced out and rising homlesness. well buddy.. im about to be living out of my car. + +&#x200B; + +EDIT: theres been a lot of "just make more money" advice going on and yall just need to stop. i worked full time until last september when my entire dept was laid off due to the pandemic. at that full time job i made around 33k. ive worked full time since my late twenties in not generally lucrative but personally fulfilling fields. im currently working part time until i find something better. none of that has anything to do with my post. i have no desire to be rich. i want to do meaningful work and survive and ive been lucky enough that until now ive mostly rented for way under market. that doesnt have anything to do with my post either. please for the sake of argument just assume that i am an intelligent and hard working individual. the point of my post is that most non tech jobs in this area range from around 30k to around 60k. as i look around it seems that housing in this area is fairly inaccessable unless you are making upwards of 70k-100k, both in the city and in more rural areas. how do people who work at resturants, grocery stores, teachers and construction workers live? the math just doesnt add up. +Yesterday there was a big thread about this, but very few of the answers actually tried to answer the question seriously. + +I believe there are three ways companies strike it big: + +1) **They invent (or seriously flesh out) and market a new technology**. Think Edison's light bulb. This is the most risky type of investments. Most inventions turn out to be either impossible to create at the time (Theranos, HDSN - if we talk publicly traded), impractical to produce at scale (many "in 5 years" technologies that you see in the media) or fail to find consumers (did you know Sears had an online service that offered social media, search engine and an online shop in the late 80s?). Even those that actually scale those three obstacles may not really strike it big and become a niche product (Segway). So extremely risky. The sectore with where most of the invention of new technologies is going on is pharmacology, biotech and material sciences. + +2) **They bring a niche or luxury product/service to the masses**. Think Ford's cars. This is a bit less risky as we are not talking about a possible Theranos/HDSN style failure. It may still fail to scale the production or reach a market though. I think currently there are a lot of ventures that are bringing processes that used to be the domain of big companies to tiny companies. Think Salesforce, Square or Shopify. + +3) **Make an existing service/product much more efficient than any of the competitors**. Think Walmart or South West Airlines. This is even less risky than the previous two - the product or service exists, and is highly marketable, you "only" have to be able to implement your more efficient strategy. A lot of the cloud-using companies are like this because they can scale their customers much more easily - Zoom Video for instance, MongoDB, Okta etc. + +So here's the deal, I'm going to play with open cards and post a portfolio that will strike it big in the next decade. Laugh at me if you want to, but better yet, give it five years and laugh at me then: + +New Tech stock: + +GH, FLXN, VRTX, OMER, PCRX, HXL, FMC - extremely risky, expect these to go belly up + +Luxury for the masses and/or more efficient than competitors (it's a bit arguable): + +MELI, MSFT, AMZN, SHOP, CRM, SQ, AYX, PYPL, TTD, ZM, MDB, OKTA, ZS, TWLO (MSFT and AMZN are here because they provide the cloud for the rest of them) - very risky - I don't think they go bankrupt as easily, but pricing is high and they may not turn out to be the winners the market is expecting them to be. + +Needless to say - I own most of these. +Ive been trading for over 30 years and my only reason for this post is to save lives. + +If youre a new trader.... please understand you can lose everything in a heartbeat. Dont double down, even if ur down big. Sit on ur hands. Buying more into a vicious decline is how traders lose it all. + +If youve already lost it all.... everything will be ok. Right now u may feel like the world is ending, but it is not. Believe it or not, one day you will have this money back and more. You will feel like absolute shit for awhile but u will be ok. + +If you feel despair/suicidal.... stop, breathe, talk to someone, realize ur not alone. What ur going through is not unique, most new traders lose it all when starting. Don’t beat yourself up, most of us have been where u are. You will be ok and u will rise again. +You do NOT need $25K to day trade. If this was the case, most newbie traders would not be trading. Research the PDT rule OR trade using a cash account. I keep reading in the comments "you need 25K to day trade" This is not a true blanket statement and It's confusing a lot of new traders. +I'm 24 and recently bought a 2b unit in Perth and I have a pretty good feeling that a lot of my friends may ask some invasive questions about it when I move in. + +I'm not sure what it's like in other generations but I've noticed a lot of people my age seem to have no issue with asking how much their friends earn etc. I personally never ask as I firstly don't care and secondly wouldn't want to put someone in an awkward position. + +How do you feel about this? How do you approach it? +Was your first property and investment property or a first home? + +Has anyone bought their first investment property outside of their current state? + +I dont own a home and I've been looking into purchasing an investment property. I'm getting a lot of backlash from realtors telling me its a bad decision. + +I currently have a stable rent situation and I know my landlord personally. +Even though I have $300\-$400K savings and a decent job, my best times was sharing a house with 5 other roommates and 2 of them were on welfare. 1 of them was a student and the other 2 were working minimum wage jobs. + +Every other Friday, we would all go out, find the cheapest bar, order a drink or 2 and have great times. + +At work, there are some colleagues that want to eat out at fancy restaurants every other day for lunch, and I'm thinking to myself, "dammit Joe, I'm trying to save money here!" They are talking about renovation their nice house or getting a new car which I don't have one. Thus, I usually get quiet about those subjects. + +Anyone else like this? +Headline says it all. +I rest my case. +See you on the moon🙌💎 + +TLDR: 10mil is statistically unlikely. True. But so is a beta of -30. +10 Mil is the floor. +Always has been. +Always will be. + +Edit: Thanks for all those awards kind apes. +As a user mentioned this squeeze depends on how diamond handed 🙌💎 ALL apes are. + +„Fate loves irony“- Elon Musk + +As more apes manifest the 10.000.000 Floor the more of a self fulfilling prophecy this becomes. +The power of manifestion is real. +Happy 4/20 to everyone 🍁 +Obligatory rockets 🚀🚀🚀🔥🔥 +There’s a post in the meltdown sub with screenshots of an ape harassing a chat service rep about the DTCC and the split situation. + +The people working that chat are *service* reps. They are literally on the lowest rung of the corporate ladder. They know fuck all about what’s going on. Most of them just got licenses. + +What you’re doing is the financial equivalent of walking into a McDonald’s with a video camera and grilling the cashier about corporate suspect farming practices. + +The only thing you’re accomplishing is making yourself look stupid. + +Edit: well, fantastic. I just got linked over to the fact that now *my* post is the top post in that garbage sub, so I’ve effectively given more cannon fodder to the exact people I didn’t want to. I think from now on, if I come across any of their garbage in /r/all, I’m going to just ignore it. The overwhelming majority of us know what we are doing and where we are headed. Just remember to be kind and focus on who’s really at fault here. +Total opinion here, but given the appearance of a bunch of posts saying to hold onto cash for a “big drop” post splividend, I felt obligated to post. RC recently tweeted about dingleberries, and I believe that was signaling SHFs are barely hanging on. This upcoming week is crucial! The splividend occurring is causing lenders to hold onto shares and making GME VERY hard to short this week. This week is a critical week to apply buy pressure and we could see good upwards movement. Possibly enough to trigger margin calls of the hedgefunds and MOASS. I believe the FUD campaign is currently to convince apes to not buy this week and hold onto cash reserves for a “dip” post splividend. The entire purpose is because they can’t easily suppress the price when no one is lending shares, THIS WEEK! Huge amounts of buying this week could end this! Let’s fucking go apes! Power to the players! Tomorrow we liftoff! Buy, hold, DRS! +In the year 1990, the HDI (Human Development Index) in Ireland was .764, while the USA’s was 0.860; in 2020 the HDI for Ireland is 0.942, while the USA is lower at .920. + +Did policies in the US or Ireland lead to Ireland overtaking the US in HDI, or did something in the US occur policy-wise that led to a decrease in growth relative to Ireland’s HDI index? + +*Source comes from the UN’s yearly Human Development Reports. +Pretty much exactly what the title says. I know Apes are thinking "well they will just shorts it back to $150 once it reaches $350, and it will be the endgame all over again". + +Putting on my tin foul cap but I believe they are deliberately creating this repetitive cycle of running it to 350 and crashing it back to 150 to make Apes say "well fuck it if it's going to keep doing this, I might as well day trade". + +DFV never sold, he could have had legendary realized gains but the fucking legend never day traded GME and QUADRUPLED down, fucking legend. + +Me personally, I will not let shorts tempt me to get off the rocket to make puny gains just to get left behind once the rocket takes off. + +Not financial advise, just sharing my thoughts and my personal strategy. + +Edit: + +Wow lots of people calling me a shill, saying FUD, telling me to fuck off so here's an update to those saying that "Noone thinks like that you are a shill implanting FUD". + +If I'm being honest, I've been poor my whole life so when I see a trend showing I could have made thousands of dollars by day trading it looks tempting because the poor side of me is telling me "oh look at all the money you could have made". + +But I'm saying despite feeling like that, I've come to realize how stupid it would be to miss the rocket launch into retirement by pinching profits. + +I have had Apes reach out to me and tell me they felt the same way and that the post helped them also realize how dumb it would be. + +Just being honest about how I feel and trying to help other Apes realize the same. + +Is that fair? Or should I still fuck off? +Salary 60k, just hit 50k in savings. The total amount I am making right now-taking into account what I would be paying for individual health care and losing in HSA and 401k match should I quit- is $68,400. + +I am working as a B2B marketer at a fortune 5 company, and for someone a year and a half out of college it’s pretty much a “dream job.” 4 weeks PTO, okay benefits, company 401k match, work from home Fridays. Nothing compared to the tales my friends at agencies have of being treated like dirt for 27k a year. + +Despite this, as I am sure many here will relate, I am feeling burned out. A combination of a 40 minute commute, occasional HIGH stress days as work, and the feeling of “wait, for the rest of my life I am supposed to request my personal time through a sheet online?” have me feeling like I want to run. + +I have a wedding photography business on the side that I have been growing pretty rapidly while working. As a catch-22, it’s definitely part of the burnout issue as I am shooting 3-4 times a week and the other nights is editing, website development, emails, etc. + +I have 7 weddings booked next year at 1,700 (net after paying a second shooter and expected equipment replacements) and I think I may want to quit my job next June if I can book 25. + +25 weddings would put me at $42,500, plus another ~34,000 if I work half the year at my current job. + +I would raise prices along with my experience and marketing after that aiming to make ~70k a year. I am fully understanding that it is unlikely I would ever surpass my earning potential at corporate , but I guess my main question is has anyone made the jump to a lower paying job that affords you some of what you are looking to do in retirement anyways (booked a wedding in Costa Rica that they fly me to, woo!) Or am I a big dumb idiot who should just suck it up? + + + +Totally optional reading: I love to travel, a huge bonus for me would be the destination weddings I could book. + +My long term boyfriend has a successful landscape/interior design business that I could help with on the business side if I had the time. + +I also have never had an issue filling my time with money saving (love to dumpster dive for food, don't have the time now) or making (would probably find some contracting for the winter months) hobbies. So the downtime in Minnesota winters would be an additional opportunity to make some money or build something new out. + + +EDIT: THANK YOU ALL for your responses. I have read each one (2 or 3 times) and appreciate all of the firsthand advice, calculations, harsher comments, and especially the DM's from others willing to help. Amazed that so many were willing to take time to help me think through things from all angles. + +For now I have raised my prices and I will see if that kills my inquiries, and if it does I will be happy with booking up to 15 for next year at the lower price, outsourcing the editing so I have some free time, and staying at my job. Gave my boss a little gift card for being so great and said no to a shoot next week so I can have a night off...and I won't touch lightroom either! + +I've got 4611 shares of TSLA and some LEAPS and sold some leap puts as well. Set aside the LEAPS for a second. I have roughly $5 million in shares and then another ~$500k in LEAPS. + +I'm looking at selling the 2000 strike Jan 2023 covered call with a premium of about ~$59 on my entire portfolio. + +So I'd get 46 x $5,900 = $271k. + +My "worst" case scenario is my TSLA shares get called away and I make $9.5m in TSLA shares and another ~$1m+ on my TSLA calls. *(edit: As other commentators have pointed out, the stock could also tank 50%+ or more and I'd be down a few million as well)* + +In the best case scenario, TSLA continues to trade higher but falls short of $2000 by January 2023. + +The last time TSLA split the stock ran up 80%. Yes, the market cap was lower, but TSLA has 4 factories now instead of 2 and is generating substantially more profit as well. Perhaps I'm crazy for thinking it, but I do see a scenario where TSLA goes to $2000+ by January (fed can't tighten or raise rates as much as they have telegraphed for fear of recession). + +I'm about as big of a TSLA bull there is and believe the company will be far larger than $2000 a share over the next 5 - 10 years so I don't want my shares to be called away, but there was a similar situation in early 2021 I could have sold covered calls on TSLA when it was $800 on my entire portfolio with a similar targetted share increase and made ~$400k and I didn't do it. Then three months later TSLA hit lows of $550. That one move would have helped me add a bunch of shares to my stack. + +Basically, I need some non TSLA bulls to share what they think I should do. With the exception of 2020 when TSLA went up 700%, the stock now always seems to run up to a new ATH and then give up some gains and get a dip. + +*Mar 30th Morning Update: I'm still reading all of the replies. Thanks for the diversity of opinions.* +Are property taxes regressive or progressive? + +The argument that they are progressive is that they tax homeowners more than those that do not own homes. + +However, there are two counter arguments to this. The first is that homeowners will, at least, partially increase rent in accordance with the property tax. + +The second argument is that a flat property tax in effect is a flat tax and therefore will be a relatively higher burden for those homeowners that have less income. + +I have read conflicting papers about this subject. So I’m looking forward to hearing more about this topic! +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! + +The town is around 5,200 population. It has declined slightly in the past 10 years. There are 2 properties that are selling right next to each other that are duplexes. When looking at small towns, what should I be looking at? +Too often, someone will say that Warren buys and never sells. Most recently, it was said by a respected Bloomberg journalist Erik +Schatzker in his interview with Chamath below. (Link below) Not to pile on this journalist, I hear it on a weekly basis from CNBC to Timbuktu. Anyone know why that is? + +['All Things Chamath': Palihapitiya Outlines His Vision](https://www.bloomberg.com/news/videos/2021-02-12/-all-things-chamath-palihapitiya-outlines-his-vision-video) + + +Examples of Warren selling stocks: + +Warren sells GS: +[Warren Buffett traded Goldman Sachs for gold in Berkshire Hathaway’s newly revealed portfolio](https://fortune.com/2020/08/14/warren-buffett-goldman-sachs-gold-berkshire-hathaway-portfolio-occidental-stock-wells-fargo-jp-morgan-kroger/) + +Warren sells airlines: +[Warren Buffett says Berkshire sold all its airline stocks because of the coronavirus](https://www.cnbc.com/2020/05/02/warren-buffett-says-berkshire-sold-its-entire-position-in-airlines-because-of-the-coronavirus.html) + +Warrens sells IBM: +[Warren Buffett buys a drugmaker and dumps IBM](https://money.cnn.com/2018/02/14/news/companies/warren-buffett-teva-ibm-apple/index.html) + +EDIT: + +Thanks to everyone who commented. A user just shared this link where Buffet himself is heard talking about the issue via the following quote “We don’t hold stocks forever”: + +[Buffett: We don’t hold stocks forever](https://www.cnbc.com/video/2017/02/27/buffett-we-dont-hold-stocks-forever.html) +I was thinking of giving the tenants $100 off this upcoming month. Most of my tenants are not in a good financial position and are blue collar workers. I know that $100 isn't much, but it would probably do something to help at this time. I'm sure some might be struggling and if they can't work due to the coronavirus, that would make their lives tough. + +Is there much good side or bad side of something like this? I want to be a good landlord, but also need to still be smart about the whole thing. +Hi everyone, + +I think I finally found the place to ask this question! + +For the following scenario, consider this as a non-isa account: + +When I buy shares (or options) and sell them shortly thereafter (a few days), I am a trader. It means £1,000 tax allowance. + +When I buy shares, hold them for a while (a few years) and then sell them, it is considered capital gains. It means £12,300 tax allowance. + +1) What is the time limit to consider one or the other? + +2)If I have a number of shares, I continually buy, and eventually sell some of them, with my total number of shares increasing in time. How do I discriminate which sales are trading income and which are capital gain income? FIFO, LIFO? + +Thanks! +Today there was another [post](https://www.reddit.com/r/eupersonalfinance/comments/i5vxsw/should_i_include_the_emergency_fund_when/) asking if an emergency fund should be included in the asset allocation and it popped another question in my mind, how much do you usually save in order to consider the emergency fund secure enough, as most information on the internet is based out of the US, which has a social security structure which is very different compared to the EU. + +I live in Germany with a fairly stable job and contract, in case of contract termination the government also secures a fair portion of the salary as unemployment support. Currently, I am aiming for 1 year of fundamental expenses in my emergency fund but would love to hear other opinions. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /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) +With a string of large ASX 300 companies profiting from JobKeeper, should they be forced to pay the money back? + +[https://www.abc.net.au/news/2021-03-22/how-jobkeeper-turned-into-profit-maker-ian-verrender/100020236](https://www.abc.net.au/news/2021-03-22/how-jobkeeper-turned-into-profit-maker-ian-verrender/100020236) +EDIT: Floundering around kicked up something in the system because we received mail today from <drum roll> National Recovery Solutions. A debt collector connected to Dept. of Ed. defaulted student loan 1-800-621-3115. Thank you all. +DD is enrolling in loan rehabilitation. She has to make 9 monthly payments and then will be in good standing. +Written by Acceptable-Dish5279, published on DD into GME. Give this guy some upvotes….. original author, I figured an account with higher karma Would be able to spread the word easier which is why I borrowed it, don’t forget to give this ape his credit + + +First off, everybody make your own decision with your own investment… + +“Misinformation CAMPAIGN RIGHT NOW. + +I made a post earlier and with discussion with people i realized that my post was not clear and was missing information with all the discussion i decided to make a more complete one, i hope you enjoy it! + +what DRS is ( it's like a physical certificate but not physical! ) + +[https://www.sec.gov/fast-answers/answersbookentryhtm.html](https://www.sec.gov/fast-answers/answersbookentryhtm.html) + +[https://www.investopedia.com/terms/b/bookentrysecurities.asp](https://www.investopedia.com/terms/b/bookentrysecurities.asp) + +Hi everyone! I want to start this DD that with some research and even the confirmation of DR.T from tonight talk on twitter, i can confirm that shareholder discussing of a broker change all together is not collusion since we are all already shareholder, just to make everything clear. + +First of all i want to bring my point of view here , i will not assume anything, in this post we will take the most conservative view to review our option with Computershare and our transfer and look how and why it's a good idea too but also mentioning a theory of mine that link everything together. + +*TLDR at the end :)* + +**CYBERATTACK THE FORUM IS UNDER A SIEGE!** + +What i am talking about, well you all saw the FUD when it happen, it's pretty obvious but what about the timeframe that we are under attack? + +* When the stock goes up , we have misinformation to make people play with option and sell their option worthless. +* When the stock goes down, we have FUD to make people sell their share. +* When we have no up or down but sideways, we can see those big headline in media that the squeeze is done and there will me no more, BUT WAIT there's a catch too! + +I realised after seeing many post that people in the subs were noticing too many Computershare post, but what's wrong with it right? Let me start with couple of screenshot took on the most popular subs of GME within 5 minute. + +The screenshot down here are from holder not SHILLS , i double checked! But with a lots of research i found a couple of account talking about infinity pool and DRS 20% of their share and funny enough , looking into their historic they seemed to be shills . But why shills want us to DRS ?? They don't but they know we will so my assumption and pure speculation is that it's to make us think that sending 20% is enough or even 40% could be enough. Those screenshot just demonstrate that the narrative did reached holder and impacted their thinking about DRS as only an infinity pool where we need to send a small portion of our share. + +&#x200B; + +[Not a shill , it's a regular holder](https://preview.redd.it/dpgqvdz24eo71.png?width=877&format=png&auto=webp&s=d976e8b21ca79f4b2c226e5cd831f1b14a3eb0d4) + +What in this screenshot is obvious to you? + +&#x200B; + +[again a regular holder that take for granted the float](https://preview.redd.it/b5fq3pp44eo71.png?width=656&format=png&auto=webp&s=6070b65553a41670d62249fc0691d1594ec65466) + +What about this one? + +There's a correlation between both and it's the fact that we send only a portion of our share and not the majority of it. + +So what? I will first show you my view on it and then do the math for you so we can agree on the portion we need to send to have a real impact on our favorite stock.( Remember it's not collusion since we are all already shareholder, it's in our right to discuss this just like when we did when we transferred RB to Fidelity) + +The tactics in war ,when you know the inevitable is going to happen , your only way out is to divide ( we know all what i'm talking about here) and and the second thing to do is to spread misinformation in the community to make it straight up assumption from all their member. The misinformation might be the % of share we send. As far as i'm concern the historical squeeze happen because company DRS their share not a fraction of it but all of it. Keeping you from DRS 90% or even 100% of your share is pure misinformation from my perspective. + +We need to stop taking from granted that we own the float many time and take action in consideration that we might not. + +We all take for granted that we own 6-7-8-9 times the float name it some even say 10 times! But the reality is , we don't know and no survey or information at our disposition right now can confirm this by any mean. + +So let's say we own 6-7-8-9 times the float, it is fair to say if we DRS 20%-30% or even 40% or our share, we are good to go right? But remember any of those number have any evidence whatsoever! + +So to be rational in any situation where we have a lack of information is to take all possibility , review them all, and make sure to considerate ALL OF THEM , not only 1 or 2. Here i am going to do the math for yall so we can review EACH POSSIBILITY without omit any. + +We need just a little bit of information before we start speculation! + +* First , not all GME holder will DRS their share , some country straight up can't , some other country have the possibility but the fee are too high for low share holder counts, an other problem is that retiring account if you remove your share from it because you can't DRS from it you will straight up be charged taxes and some people simply can't afford it, we also have to take in consideration all the people that don't use reddit and are not aware of DRS and probably many other factor that i can't even think about. +* We can assume from the SI reported in JAN that the float could be 300M share let's say up to 600M if they kept shorting it. But for the math i will take the most conservative data which is 226% SI so 300M share floating around +* i came to the conclusion that around 55% to 70% of the holder at best can DRS their share so when the math down is referring to 55%(HOLDER) , this is what i will refer to, i take 55% because it's the most conservative number. +* But wait this is not it, there's 1 more thing to take in consideration before we proceed, NOT 100% OF OUR SHARE WILL BE DRS, we will all conserve a proportion of our share in a broker for the most part! So it's fair assume that most people will DRS from my own research so far, something between 20%-50% of their share. I did a lot of research on all forum and this seems to be the narrative pushed on the forum( You start seeing me coming???????) + +The math below will only take the most conservative number to make sure our view is center on the worst case scenario and not the best one since the worst is also a possibility. + +***1rst POSSIBILITY, we own 1 x time the float.*** + +worst case If we own 1 time the float which is 56M share and we DRS 20% of our share we would have 11,2M share in our name. But only 55%(HOLDER) will DRS so we drop down to 6,16M share + +best case If we own 1 time the float which is 56M share and we DRS 50% of our share we would have 28M share in our name. But only 55%(HOLDER) will DRS so we drop to 15,4M share + +***2nd POSSIBILITY, we own 1.5x time the float.*** + +worst case If we own 1.5 time the float which is 84M share and we DRS 20% of our share we would have 16.8M share in our name. But only 55%(HOLDER) will DRS so we drop down to 9,24M share + +best case if we own 1.5 time the float which is 84M share and we DRS 50% of our share we would have 42M share in our name . but only 55%(HOLDER) will DRS so we drop down to 23.1M share + +***3rd POSSIBILITY, we own 2x time the float.*** + +worst case if we own 2 time the float which is 112M share and we DRS 20% of our share we would have 22,4M share in our name. But only 55%(HOLDER) will DRS so we drop down to 12,32M share + +best case if we own 2 time the float which is 112M share and we DRS 50% of our share we would have 56M share in our name. but only 55%(HOLDER) will DRS so we drop down to 30,8M share + +***4th POSSIBILITY, we own 2.5x time the float.*** + +worst case if we own 2.5 time the float which is 140M share and we DRS 20% of our share we would have 28M share in our name. but only 55%(HOLDER) will DRS so we drop down to 15.4M share + +best case if we own 2,5 time the float which is 140M share and we DRS 50% of our share we would have 70M share in our name. but only 55%(HOLDER) will DRS so we drop down to 38.5M share + +* I will take a pause there , i think i made my point from here, thinking that 20-50% of our share DRS is enough is already saying that those 4 possibility are not realistic ( but they are....). In reality to make those 4 possibility in our favor to squeeze, we would need to send not less 90% of our share. So just like the meme anything below 50M is FUD, i will create the anything below 90% share DRS is indeed misinformation to the shareholder. +* If we own 1.5 time the float it doesn't mean no squeeze guys just to be clear , there's plenty of room for a massive squeeze like the MOASS, we could sell 30% of our share and still be ok to infinity. They still need to buy-back all the synthetic + the exceeding of the float that we own. + +Now can you see why it's in the best interest of MM and SHF to push the narrative of the infinity pool and sending 20-50% of our share to registration is probably misinformation? Because there's a possibility that we own between 1 time to 6 time the float and in all those possibility, we will never squeeze if we send only 20-50% of our share. To be proactive i will take the most bearish view and assume we have 1.1 time the float so on my behalf i will send 90% of my share to make sure if it's the case we will still squeeze. The blessing of the freedom to chose how many share we DRS! + +**BLUE PILL OR RED PILL?** + +Let's think about the moment SHF or even MM have not enough collateral and they collapse. I keep seeing post like the 350$ is the point where they collapse , HOW DO YOU KNOW? really i want to know, show me your evidence for fuck sake? In reality their breakpoint might be 2000$ and we will never know it until we reach it. + +So assuming a market crash will indeed cause the squeeze is on my opinion totally wrong. There's only 2 options to me that are realistic for the squeeze to happen. + +1. RC recall share for any reason like NFT dividend, switch to on blockchain broker instead of DTCC holding the share or who know what he got in his sleeve. I'm sure he have something but i don't know what and i don't know when maybe soon maybe not! +2. We DRS the float , case close. +3. I know there's other possibility but i discard them as very unlikely to be honest with you. + +Which rational scenario do you prefer the most? I honestly think that DRS 90% of our share is not that hard... We would stop talking about it in 1month at best right if indeed we own at least 1.2 time the float? They can still borrow at that point phantom share and prevent the squeeze but this will show the criminal side of their game in literally plain sight. It's like requesting all share certificate and we are still seeing share trading on the market , from this point theses criminal are completely fucked. The redemption of the justice! + +**THE ILLUSION OF THE CHOICE.** + +I see many of you telling me hey but when the squeeze happen, it will be hard to sell with Computershare and i rather sell with my broker. This is all illusion , you take for granted liquidity in the market, you take for granted that when you will want to sell your share there will be a buyer. At millions per share, there might be absolutely no liquidity with broker or Computershare , it doesn't matter , it won't work how you want it to work. At this point Computershare of broker doesn't matters. + +It's an illusion that you have that liquidity with GME is forever and ever. Let me tell you when the recall will start. There will be not even FOMO simply because share won't be accessible. The only entities that will buy will be the SHF or MM that are short on the stock so your fear of DRS should down from here. + +Not just that but remember in the squeeze the price will probably still be wrong and the only way of selling at our price point will be to wait a long time before it reach our price point. At example 1M per share with Computershare it might take month and it won't drop down from 1M to 20$ in a week , o hell no!!!! So even if it takes a day to sell because of too many people trying to sell , the broker will have the same problem. + +**CONCLUSION AND TLDR** + +I take a conservative approach to the DRS. And with basic math show that 20-50% share DRS won't be enough in many possibility regarding the float that we might own which is very different from the float of share floating in the market. The 20-50% is probably number pushed by MM and SHF to make sure we don't DRS enough share. They create problems that don't even exist and make you doubt that 90% of your share in Computershare is a good idea. + + I like feedback on this post i make correction when i'm wrong or insinuate something i don't want to. I just want everybody to be on the same page.” +Link to my thread from six months ago +https://www.reddit.com/r/financialindependence/comments/7eo4wi/38msingle_crossed_2_million_today/ + +Long story short, I have had this job for over a decade out of grad school. Pay is solid, hours are great and I didn't hate the work, but my heart has been out of it for awhile. As I approached FIRE in recent years, I allowed myself to travel up to eight times a year. Did zero travel before then, my singular focus was FIRE. I absolutely fell in love with southeast Asia, Thailand in particular. Rich culture, dirt cheap cost of living, cheap airfare to the rest of the region. A close friend saw all my photos that I posted and decided to go herself, fell in love with it too and joined a non-profit that helps to teach English and hospitality and computer job skills to former prostitutes. They offered me a volunteer job and sponsored my work visa application, which was approved by the Thai consulate last Monday. I sat on my resignation letter for the rest if the week since my boss just returned from vacation and I didnt want to drop it on him right when he returns. + +They will provide me a studio flat in Bangkok to live in with their other expat volunteers. My work visa is valid for a year. I am expected to teach and work four days a week and my three day weekends are free for me to explore. Food will be dirt cheap, street food is everywhere in central Bangkok and one to two bucks USD at most. My health insurance there looks to be reasonable, as well. + +I have been putting off FIRE for a few years due to my parents being uninsured immigrants with no retirement savings, I have always planned on helping them retire comfortably. They are now reaching Medicare and Social Security age so the numbers make sense for me to FIRE safely. They have no idea of my net worth, nor does anyone else other than my little sister who has to know as executor of my will. + +All I need to do now is tie up my affairs stateside, study conversational Thai and order a one way ticket. My long term plans are to stick out the entire year no matter what, come home, buy and convert a used Sprinter van and spend the year after that boondocking through Alaska, Canada and the lower 48. We shall see. + +[edit] I never even considered travelling abroad until I began watching Anthony Bourdain's first show, A Cook's Tour, over 15 years ago. My mind was already made up to do this long before he died yesterday, sure. But it makes me all the more sure of what I am doing. I look forward to my trips to Vietnam, his first love. Round trip airfare from Bangkok to Saigon or Hanoi on AirAsia or Jetstar or Nok Air is as low as 50 bucks USD, IIRC. Cheap to Cambodia, Myanmar, Singapore, Malaysia and Indonesia too. I can't wait. + +[edit 2 ] I'm an ethnically Chinese American. Have lived in the south all my life, so I do have a southern accent. Can speak Mandarin and Spanish. Fun fact - I have learned people are very wary of tourists from China due to their track record of poor behavior. In Dublin, Zurich, Doha, Miami and LA, I have had amusing interactions with hotel staff who expressed relief I am an American instead of from China. + +[edit 3] The guy that originally got me interested in Thailand is Mark Weins on YouTube. I can't link his channel directly because I am on my phone - I urge you to add him and watch his videos. His enthusiasm is innocent and his reactions are borderline corny, but it is highly entertaining and informative. +I was interviewing a guy for a role in our IT department the other day, alongside the HR lady. On his CV he had 20 years experience working in IT, then 10 years as a day trader (successful enough to earn a comfortable wage). + +He answered the technical questions excellently, but struggled with giving recent examples in the behaviour questions (such as team working, communication etc) for obvious reasons. he could only give examples from his past career. + +As a hobbyist trader myself I was willing to cut him some slack, but the HR lady saw him as someone who had been out of a "proper" job for a decade. Her reasoning was that "sitting in only in underwear clicking away at a computer" is not a proper job. I suppose that's technical correct but. + +I wasn't quite sure how to defend day trading, as technically one doesn't go into an office, one doesn't work as part of a team, and one doesn't need to communicate with customers/stakeholders. +A huge token of thanks to /u/solidfact4 for bringing this to my attention. + +The government has introduced a *5% TDS* on all LRS transactions exceeding a sum total of Rs. 7 lakhs in a year. This is applicable for all remittances under LRS made from April 2020. Including maintenance of family/friends and college fees. + +[Capitalmind explains.](https://www.capitalmind.in/2020/02/budget-2020-tax-at-source-for-foreign-tour-packages-lrs-transfers-and-ecommerce-vendors/) + +In light of the above, I now have to fundamentally recalibrate my investment strategy. This government has decided that they want to throw everyone to the dogs when the recession hits. + +Compliance will be a PITA for any FX dealer, because now they will have to check if their customer has remitted 7 lakhs or more across one or more institutions. I'm sure the customer is responsible for all declarations. But even so it means you are sending 5% less out of the country and then claiming it back in taxes. + +Now, given my precondition that you have to invest a pretty large chunk of money *every year* for foreign remittances to be worth it (in my case it was over 10lpa), the 5% adds up to a LOT of money that you have to claim a tax credit for in your annual returns. This has made tax compliance way more complicated than it needs to be. + +The new budget says that the TDS is 5% on PAN-quoted transactions and 10% on PAN non-quoted transactions, but the irony is that capital account transactions (such as offshore investments) require you to quote PAN, and the bank actually stringently checks the transaction before approving the transfer. I've had remittances rejected before because of this, requiring me to correct the remittance form and declaration in the past. They even have to check if the LRS limit has been reached. + +I suppose the only viable option now is to invest in Motilal's upcoming/new SP500 Index Fund, subject to expense ratio data. + +This government is just completely out of its mind. My dad also sends money abroad for a relative's college tuition and the TDS just makes it extremely expensive to do so. I am sure you're aware that in countries that don't subsidise education for foreigners, the cost of living and tuition fees can approach thirty lakhs or more annually. +What do you do when the life of your pet--a dog that has saved your life, protected and comforted you through every hardship--needs $6,000 worth of care? She's older, but is still incredibly puppy-like. Goes on 3 mile long walks, and still wants more. Loves to play. Loves scratches. Just the test to see if she needed surgery and was healthy enough to go through with it cost $1400. The surgery could cost $4,000. How do you look at your dog and say, I can't help you? Everyone I vented to in person said I'm an idiot (a fact I have never denied). But what if it was their dog and you're standing there at the vet and they just tell you...not give you the option...that to save your dog this is what you need to do? + +My daughter and I had a fun little "NOctober". No spending...reduced food budget...stay at home to save gas. We saved a ton of money that was going to go toward Christmas. We were looking forward to going out to eat this month. And now we can't. I talked to my daughter, and she said it's worth it. We are both coming up with plans to get the money. Selling stuff, creating etsy accounts, no interest credit cards, etc. She doesn't want me to get a second job, because I'm already not home much. We both agree that we want to move forward with the treatment. She's a wonderful kid. And I can't tell anyone, because they will all just yell at me for approving it. + +The reason why this is so tough is because obviously, if it were my child, I wouldn't care at all, right? You do what you have to do. But because it's an animal, I feel, like, guilty? for it? No one can convince me at this point to not get her the surgery. I just needed to vent about that low you get when you think you finally have some money in the bank and things are looking up...and then boom. The florr drops beneath you. Thanks for letting me vent. I love this community. + +&#x200B; + +EDIT: I really appreciate everyone good wishes, empathetic sentiments, and straight honesty. Is it stupid....probably. Can my heart do anything else...no, not given the very specific circumstances of her health. I want to make clarify something. My daughter is not living in poverty or going without. We are not in danger of living out of our car. I've been teaching her financial responsibility, so even if I had the money to buy her a brand new car on her 16th birthday I wouldn't. The $6000 bucks I spend on this would not have gone to give her a blowout Christmas or birthday or shopping spree. It would have gone into a savings account. Would $6000 in savings be awesome? Absolutely. But it's not like now my child will have kleenex boxes for shoes or have to set a trash can on fire to stay warm. We have always been very frugal even when we don't have ot be, and I had a serious long conversation with her about our options yesterday. She said there's no question we should do this. Jsyk. I wouldn't sacrifice my kid's well being. (Although I know some folks will still think I am) Ultimately, it's not going to fully bankrupt us. It was more a statement about saving for fun, and then finding out you saved for an emergency. + +EDIT EDIT: To everyone offering me help, bless you all. But please save that money for your own holidays or give to groups that help. I did not come here for handouts, just to kvetch. So, thank you for listening! You have all really restored my faith in people and the internet. +I had this exchange with my buyer's agent seeking a multi family. Some time later, I reflected on it with my friend and he said it happened to him with all three properties he has bought. Are realtors really going to mess with you like that? I was thinking next time I purchase, if my buyer's agent tells me this, I'm going to ask a friend to anonymously call the seller's realtor, perhaps expressing interest in the property, to confirm if any offers have come in yet. When and where I bought was not a hot market by any means. +I marked this as humor, because there is no flair for "horror" or "nightmare tenant". + +Below I linked to a listing of a rental property in Colorado Springs, CO that has all the hallmarks of a confluence of shitty property management, hands off land-lording, and a horrible tenant. + +[Watch the video tour on this listing...](https://www.redfin.com/CO/Colorado-Springs/4525-Churchill-Ct-80906/home/34515765?utm_medium=share&utm_source=web_share&utm_campaign=copy&fbclid=IwAR20EVWzncmVHJEkSBfV2XpXBA1bpuS-5hsX2w-W1645WdpEHI9jxsz7xrE) +Alright, I kept waiting for someone else to post about this and it hasn’t happened yet so here I am, posting about it. + +https://preview.redd.it/z94oj78a67u81.png?width=1244&format=png&auto=webp&s=cd750e5684c0303297c3b18a64f0c7c4f724c3e1 + +There is a sentence on the first page of the 10-K that is basically a standard sentence that all 10-Ks have now, but it is so informative and a great reference for point, and also a great point of comparison to other stocks. Once you understand what it’s telling you, it’ll jack your tits. Here’s the sentence: + +>The aggregate market value of the voting and non-voting common stock held by non-affiliates of the registrant as of July 30, 2021 was approximately $12.0 billion, based upon the closing market price of $161.12 per share of Class A Common Stock on the New York Stock Exchange. (For purposes of this calculation all of the registrant's directors and officers are deemed affiliates of the registrant.) + +Let’s break that down. + +**Voting and non-voting common stock:** Final edit: this is actually referring solely to the class of stock (such as preferred stock, or Class A and Class B stock) and is a generic inclusion in the 10-K statement. GameStop does not have a non-voting class of stock, so this whole 10-K statement would be referring to the same class of shares we own. The non-voting aspect assigned in a proxy (like with Vanguard, as mentioned in my original statement for this section) is different than what's in this 10-K statement. Going to strikethrough rather than delete my original comment for this section for transparency. End of final edit. + +*~~adding an edit here - non-voting stock can refer to a different class of stock (such as preferred stock) that does not offer voting rights, but GME doesn't have any class of stock issued other than the common shares we all own which do offer voting rights. End of edit.~~* ~~non-voting stock is stock that you’ve loaned out, so you no longer have voting rights. If you loan your shares and they are short-sold, the person who has purchased those shares now has the voting rights instead of you. Think Vanguard in the recent pre-proxy statement - they have 5M shares but don’t have voting rights. Those 5M non-voting shares would be included in the total in this statement, and because someone else now holds the voting rights in another account, they would then be included again as another 5M shares with voting rights.~~ *~~Second edit here: there are a lot of comments calling this point I make about lenders holding "non-voting" stock incorrect because they say that non-voting stock only refers to other classes of stock that don't give voting rights, and therefore everything else I wrote must be incorrect, but I'd like to point out that the main takeaway and most important part of this post is~~* ***~~not~~*** *~~about non-voting stock but rather about the "non-affiliate" component of the above statement. Also, if the holders like Vanguard, who have filed 13 G statements with the SEC to show their holdings but 0 voting rights don't count as non-voting stock, what happens to them in this scenario? Are they just no longer included as holders? Or are they still included as holders but just under the "voting stock" category and therefore it doesn't change the rest of what's below? But as I said, that's not the important part of this post, focus on the "non-affiliate" part. End of second edit.~~* + +**Non-affiliates:** anyone who isn’t an insider + +**Why use July 30, 2021:** The end of the second fiscal quarter, which is what all companies use as a reference point in these statements + +So basically this is saying that the value of the float shares (i.e. non-insider shares) they have on record as being owned on July 30, 2021 was $12.0B based on a closing price of $161.12. If you divide $12.0B by $161.12, you get about 74.48M shares… but… the actual size of the float on that date was about 65.17M shares. That means that 114.28% of the float was *officially* owned at that time. + +https://preview.redd.it/8ackilij67u81.png?width=1244&format=png&auto=webp&s=72c30f25d4a31d77dfd7f4b6fe73db4f1cfedd62 + +Well well well… didn’t that get more interesting all of a sudden! + +“No, this isn’t interesting, we already know more of the float is owned than should be, and besides, this is just another bullshit number because the actual number of shares owned is way higher than that” Ok fine, yes, I agree with all of that. That’s why this post isn’t over yet. + +I’m going to use a bit of a silly analogy here but hopefully it can help illustrate where I’m going with this post so please come along on this tangent with me. If you’ve got a pretty good understanding of why counterfeit shares (AKA naked shorts) would easily exceed this number, you can skip past the weird monopoly game. + +# Monopoly, but make it weird + +Let’s say you’re playing monopoly, and the bank holds all the properties. You can buy properties directly from the bank until they run out of properties, at which point you can then only purchase them from other players who are willing to sell their properties. + +https://preview.redd.it/0yia6a7t67u81.png?width=1176&format=png&auto=webp&s=48033f7aed95a92c962462431150ca59d836db36 + +Now this player, we’ll call him Mark, says “hey Tom, I need some Monopoly money, let me borrow Park Place and sell it to Suzy, but don’t worry I’ll buy it back later and return it to you. I’ll write up a contract with the bank so you know I’m good for it.” Mark is short selling monopoly properties. At this point, we could say that Park Place has two rightful owners, Tom and Suzy, but currently only Suzy gets to collect the money when someone lands on her space. + +But what if someone decided to make this game of monopoly way more complicated and there are now way too many players, instead of buying directly from the bank or a player you now have to make all of your purchases through an intermediary (a broker) and you’re blind to what other players own and who you’re buying from. + +[I’m actually a little surprised I found a picture for this.](https://preview.redd.it/btf2p89y67u81.png?width=1246&format=png&auto=webp&s=f70bbdfda9075623f28910dc1700cff8913681b7) + +The bank doesn’t get involved unless there are no players who can be traded with to buy or sell properties, or someone wants to write up a binding contract. + +Mark, our property short seller from earlier, gets crafty and prints a whole bunch of fake copies of Park Place and starts selling them. + +https://preview.redd.it/onaf6rr477u81.png?width=1244&format=png&auto=webp&s=8bb7322b4a7b4a8a3f895ddefe7f107681c836a7 + +Mark makes a shit ton of monopoly bucks on something that cost him nothing. It’s only a problem for Mark if someone lands on the space and now all of the owners of those fake copies are expecting to get paid rent. If Mark gets the money to the intermediary (the broker) to cover the payment to each owner, then no one needs to know what he’s done. The bank doesn’t know about any Park Place owners other than Tom and Suzy, since the others all received counterfeits that the bank doesn’t know about. + +# End scene. + +Alright, I hope I didn’t lose you too much during that fever dream of an explanation. Basically, the monopoly properties are shares of stock, Mark is a short seller, Tom is the lender, Suzy bought the shorted share, the properties that the monopoly bank knows about (Tom and Suzy’s) are the shares included in the 10-K statement, and the players holding counterfeit properties are the people who bought naked shorted shares, AKA counterfeit shares, and they are not included in the 10-K statement. + +**Important note:** this is my understanding of how the data works in these 10-K statements and I would appreciate it if anyone can help confirm or deny that the counterfeits are not included in that 10-K statement. Or confirm where the values originate from - the transfer agent? The DTCC? I couldn’t find this info. + +Anyway, back to why we care about this statement. GameStop has confirmed that on July 30, 2021 there were \~74.48M float shares owned out of a possible \~65.17M float shares, or in other words, there were 9.31M shares more (officially) than there should have been. + +If only we knew what the financial media, with their access to premium data that they use so they can feel smarter than everyone else, was reporting as short interest back then… oh wait, we do: + +[This is for August 16, 2021.](https://preview.redd.it/w3xkwrye77u81.png?width=1240&format=png&auto=webp&s=66c9d33eeb3fb8ec82f68484a78ae77444b3c6f0) + +Based on his reported 10.67% SI of float, he’s using a float size of 63.17M shares. He also posted the data on July 20, 2021 which said 7.87M shares shorted (which he reports as 13.54% short interest of the float, meaning he’s working with a float of 58.12M). [Archive link for the Aug 16 tweet](https://web.archive.org/web/20220414020728/https://twitter.com/ihors3/status/1427338168412614659?s=21&t=mnlswCotXi_KAsQ-sKoOQg) and [archive link for the Jul 20 tweet](https://web.archive.org/web/20220414021059/https://twitter.com/ihors3/status/1417567467199770625?s=21&t=mnlswCotXi_KAsQ-sKoOQg). Just in case 🙃 + +Alright, so his definition of float size has changed by about 5M shares in just under a month. Between July 20 2021 and August 16 2021, there were 0 insider transactions. Literally zero. There were also zero SEC filings from GME to indicate any changes to the number of shares outstanding during that time. So why the fuck did his float size change by 5M shares? And I’m not even talking about the S3 SI which for some reason includes the shorted number of shares in both the numerator and the denominator of the equation. I don’t have an answer to why his float size changed so drastically, I just wanted to point out how ridiculous it is. + +So based on his little chart and his tweets, the “official” number of shares shorted at the time was around 7.5M. We now know that according to GameStop’s records, at that time the number of excess shares was \~9.31M. How can you have more excess shares than shorted shares? Because mandated short selling reporting is all but useless and the number of shares shorted by financial media is bullshit, basically. + +Guess that fancy S3 data isn’t so great after all… I wonder… who uses that S3 data? + +[But obviously, we’re the “dumb money” 🙄](https://preview.redd.it/rv94w3wn77u81.png?width=972&format=png&auto=webp&s=788d80c3bca78e4ebf7a9509bd6df88590008339) + +So if ever someone is trying to refute the GME short thesis because “Bloomberg says \_\_\_\_” or “but nasdaq says \_\_\_\_”, you can point to GameStop’s 10-K and show them that their expensive data is garbage. + +“But maybe it’s GameStop’s data that’s bad.” Yes, that’s a good point, maybe it is. So let’s do a quick check of some other stocks. + +TSLA’s 10-K indicates 77.25M shares owned in excess of their official float on June 30, 2021 (TSLA’s official float was \~719M)… S3 data says just over 40M shares shorted at that time, so once again it’s way under the reality. ([Archive link to July 1 2021 tweet with chart](https://web.archive.org/web/20220415184602/https://twitter.com/ihors3/status/1410711807984087042?s=20&t=1qNV7e2Q6DRciwZukEG14g)) + +The 10-K for 🍿 says 1.5M shares owned in excess of the official float on June 30, 2021, and S3 says 89.96M shares shorted (🍿’s official float was \~511M). [Archive link to July 1 tweet with chart](https://web.archive.org/web/20220415185504/https://twitter.com/ihors3/status/1410710310118256643?s=20&t=1qNV7e2Q6DRciwZukEG14g). + +Wait… what? That 🍿 one is… backwards? Yes, it is. Now seems like a good time to explain that when a hedge fund is short selling, if there’s no one there to buy the share then market makers will just pick up the buy-side of that trade. If you think back to our monopoly game, it would be like the bank buying the property that Mark borrowed from Tom, cause it turned out Suzy didn’t want to buy it. A high number of reported shares shorted does not necessarily mean that there’s squeeze pressure if there’s just not enough buy pressure. + +Interestingly, that 🍿 squeeze that ran it up to the $50+ mark started in late May and then started dropping back down in early July, right after the record date used for the non-affiliate ownership values likely made it so that the non-affiliate share ownership value increased a substantial amount right before that snapshot date that gave us a mear 0.3% excess 🍿 float shares owned. Maybe that’s a coincidence, maybe not. + +[🍿 OBV rises shortly before the June 30th ownership snapshot would be taken for the 10-K. It is currently a little lower than it was on June 30th.](https://preview.redd.it/cx21othw77u81.png?width=1246&format=png&auto=webp&s=4b7f720d733a4bdd1aecd648c29fb9292d53ea14) + +After taking a look at the recent 10-Ks for TSLA and 🍿, I started to get curious about the historical ownership values. I also threw in a few FAANG stocks out of curiosity. + +[These values are not all based on the same date because not all companies have the same fiscal quarter calendars, but this is at the end of fiscal Q2 for each stock for each of the stated years on the left.](https://preview.redd.it/rilalq8287u81.png?width=1246&format=png&auto=webp&s=7c7caa193bd73a236eff28dae23f1007f735a700) + +Interestingly, TSLA, which has been undergoing a slow squeeze since late 2019, has seen a gradual increase in the excess number of shares they’ve been reporting on their 10-Ks. This is an interesting point of comparison because the non-affiliate ownership of TSLA at the end of June 2019 at 3.6% excess (in other words, 103.6% of the float was owned), and heading into just under 5% a year later, was already building enough buy pressure to ignite a slow squeeze. TSLA’s Q2 ends at the end of June, and the slow squeeze started around early December of 2019. Even if we assume that they had already reached that 5% in early December when their slow squeeze started (but I suspect it happened later based on their chart), that’s still only about ⅓ of the pressure GME had at the end of July 2021. + +If the squeeze had really squoze in January 2021, why is the official excess float ownership still so high in July 2021? And just for fun, here’s a look at GME’s OBV since then to see whether that buy pressure has increased or decreased… + +[GME OBV is even higher now than during the January sneeze.](https://preview.redd.it/yg9kzn4d87u81.png?width=1242&format=png&auto=webp&s=65f4826e1da1aeeaa4d5f9f1f25d55dec3437923) + +[GME OBV has also increased since that July 30th ownership snapshot from the 10-K.](https://preview.redd.it/da4qbtxi87u81.png?width=1232&format=png&auto=webp&s=875f25d0f4f77a098ae2616d671d82d5492a0f56) + +&#x200B; + +**TL;DR:** hedgies are well and truly fucked. Even by “official” data before you consider all of the counterfeit shares fuckery, the retail ownership of GME is astronomical. + +&#x200B; + +**Method:** for anyone interested in checking out other stocks to compare to this data, I used the non-affiliate ownership statements from the 10Ks, used total outstanding share counts from either 10Qs or proxies, depending on what was a closer date to the non-affiliate statement, and insider ownership from the proxies which I then added to or subtracted from (depending on timing) all of the share volume changes in the insider transactions found on fintel. I did my best to be as accurate as possible but the dates for the various data points didn’t always line up perfectly. Happy to share my Google sheet with anyone who wants to poke around in it. + +&#x200B; + +**Additional point of interest:** if even the officially reported non-affiliate ownership is already above the actual float, how will that play out for a GME stock split as dividend? Do they have to bring ownership levels back down to the “correct” level? I don't have an answer here, maybe something that someone else can shed some light on. + +As a comparison, TSLA announced their 5 for 1 split in the form of a stock dividend on August 11, 2020, and the actual split occurred on August 31, 2020. On June 30, 2020 there were 7.0M excess shares, at just under 5% excess of the float, and ihors3 tweeted that there were 14.76M shorted shares that day ([archive link](https://web.archive.org/web/20220418013247/https://twitter.com/ihors3/status/1278066253207425025?s=21&t=JxJhN4FhvOpa8V_F3SdjAg)). Here’s a chart in case you’re curious as to what the price action looked like after that. + +[Note that I’ve adjusted the closing price to what it would look like if there had not been a split.](https://preview.redd.it/vxxxrcdn87u81.png?width=1244&format=png&auto=webp&s=2ab05b5145d8e4f307399f54de1e80955fe28c06) + +Edit: There has been a few comments mentioning that the 5M difference in float size between ihors' July 20 tweet and August 16 tweet are because of the 5M additional shares issued, and yes that's most likely the case, but GameStop released the 8K announcing those 5M shares had been sold on June 22, almost a month before the July 20 tweet, and this data is being used by some pretty big sources so you would think they would be a little more up to date. Also, even after he's finally included those 5M shares in his August 16 tweet, his float size is still off by 2M shares which is pretty significant in an already small float. +UPDATE: +I appreciate everyone’s replies! Honestly I didn’t expect to get so many people’s opinion. Ultimately, after reading through all the comments, it’s a wiser decision to keep my current vehicle and really drive it into the ground. I care more about my financial health than I do what I’m driving, so no leasing (oh my God that was a hornets nest of an option lmao!) or buying for me just yet. Thank you all for your comments! + + + + +——— + + + + +Hey guys! + +So I’m looking to get a new truck. I’m a plumber and I need a truck for my day to day work and life. I currently have a 2001 Silverado that’s falling apart, and it’s definitely time to get a new (to me) truck. + +Right now I’m looking at a 2012 Toyota Tacoma. Roughly 75k Miles. Great condition, and they are asking 17,500 for it. One thing that surprised me is how well used trucks hold their value! + +Anyway, I’m full time and can afford the payments on it and be in a healthy financial place (which is important to me). The payment is probably going to be in the 300-325 range. My parents and others have been telling me to lease a new truck, at roughly the same price, and then buy it later. + +Their argument boils down to that I’ll be in a better financial place is 3-5 years (raises, get my journeymen license, etc) and that I’ll know what the truck has been through. So leasing and then buying may work for me. + +Am I wrong to think buying is better for me? I make roughly 1200-1300 a month right now, which isn’t much. But I still believe buying is better for me, and trucks unfortunately aren’t the cheapest vehicle you can get! + +Thoughts? +So my parents claimed me as dependent on their taxes so that they could get the benefits. The problem is, I pay for my rent and I take out my own loans for college because they don't help me out at all. I think this might be causing me issues getting money from the FAFSA as well, because the government thinks my parents pay for over half of my income, when in reality they don't. +What should I do in this situation? + +Edit: took out a sentence at the end because hella confusing + +Edit: I live in my own apartment, not with my parents. I pay my own rent and utilities and healthcare bills. I pay and take loans out in my own name when needed to pay for tuition for college. And no, I am not lying about any of this. +Thank you everyone for the advice! I'll go ahead and try to talk to my parents again considering they pay nothing towards any of my living or college expenses. + +Also, I'm a chick. +Hi, + +Have made a throwaway to ask this question because I will go into a lot of detail about my finances and don't want to do that on my main account. Been meaning to make this post for ages but haven't found the time, so bank holiday spare time has convinced me to finally do it. This has turned into a fucking massive post so who knows if anyone will take the time to read it all, but thank you if you do. + +I'm a 37 year old currently living in Bristol and working remotely as a software developer. My take home pay in my bank is currently £2720 per month, after 4% towards my workplace pension and student loan payments, but I am in debt, and really struggling to sort my life out and get started saving for a deposit on a house and getting myself sorted after a divorce in 2020 that has completely threw me off track :/ I have some bonuses coming soon which will hopefully get rid of a decent % of the debt, but won't clear all of it. I feel like my lifestyle just sucks and i'm really struggling to live alone after so long in a marriage. I will detail my budget below, please be kind as i'm trying to sort things out, there is money left, but it seems to just vanish on takeaways and extra spending when I have my daughter, that kind of thing :( + +My Budget + +Bills (£1052)Rent : £431, Utilities: £95 + £40, Phone contract (expires in August) : £43, Shopping and spends: £400, Car insurance: £43 + +Debt (£573)Car loan: £152, Bank charges: £18, Monzo charges: £12, Capital One: £122, Livelend loan: £145.99, Virgin Credit Card: £68.63, Halifax account: £25, Flex: £30 + +Savings (£210)Xmas: £50, Daughter visits: £50, Fuel: £70, MOT/Servicing : £40 + +Other (£545)Prescription: £10, Swimming lessons: £30, Football subs: £12, 1Password: £3.67, Spotify: £9.99, Netflix: £9.99, Child Maintenance: £470 + +Total out : £2356.59, Total in: £2720 + +So currently my total debt amounts are as follows: + +Capital one: £2518, Virgin: £3597, Flex: £259, Livelend: £1665, Car loan: £5397, Barclays Overdraft: £1200, Monzo Overdraft: £400, Halifax Overdraft: £136, Student Loan: £5200ish (plan 2) + +Total: £15172 (Not including student loan) + +So my budget says that there is money left over after all my bills and some savings, but I never seem to end up with money in my account at the end of the month. I am living in Bristol to be closer to my daughter who lives in Newquay with her mum, I see her at school holidays and the odd weekend through the month, I think the maintenance payment looks a little large but i'm happy with it and its not much over the CSA calculator, my ex also gets a percentage of any bonuses as well after tax and was all sorted in a court order last year when we did the clean break thing for divorce.I am paid every 4 weeks, so the £400 grocery and spends is £100 per week, which I thought would be enough when I made the budget but I seem to have massive issues with buying takeaways, going out for lunches and dinners, going on nights out and stuff like that, even though I know fine well it doesn't align with what I want from life and is holding me back massively :( + +There is some hope in the future as i am due to get a lot of random bits of money soon so this is why I wanted to make this post and make sure I didn't squander the opportunity to sort shit out and be in the same spot this time next year. I have a referral fee of £2000 coming next month, I also have an £11875 bonus coming in June (with another £11875 coming June next year, which was a retention bonus for me to stay for another 2 years) and because I am paid every 4 weeks I get one payday every year which is mine to spend how I please (pay bills 12 times a year and get paid 13 times), so July 30th will have another £2250 (£2720 - £470) to help out again, there is also the chance of a company wide bonus in June but we are yet to hear about that, could be tiny, could be a decent amount. Its been really hard for me to figure out any sort of solid final numbers for how much of those bonuses will be left after tax/ni/pension/student loan and money to my ex, but I estimate it to be between £7k-£10k in my pocket to clear down debt with. I would quite like to go on a little city break with my daughter to Barcelona as well as she's learning spanish and I haven't been on a holiday in fucking years, seriously need a break. + +My immediate priorities are to clear the credit cards, which would free up £190 per month, and then if theres enough money also clear the Livelend loan to free up another £145, and that would total up to £7780 taken off of my debt and an extra £335 per month 'spare' money. + +After that though I am still left with such a large amount of debt so it is so disheartening to know that I still wouldnt be in a position to even START saving for a house deposit for another year or so. It all feels very fucking hopeless and I feel like this is having an affect on how I spend money, like I just have a whats the fucking point attitude to it all. My housemates are currently both looking at buying houses as well so there is every chance that my house situation falls apart and I am left looking for somewhere new to live, which would obv cost a lot in deposits and first months rent....so maybe some of my money coming soon would be best used as a small emergency fund for that? + +I feel like I am doing some things right, I am paying into my workplace pension, I have budgeted for things to save for like xmas and having extra money to spend when I have my daughter, which I do dip into sometimes but also generally top back up the following month, but my spending habits, and the fact that I can't ever be arsed to cook and just fall back onto takeaway so often. I feel i'm still really struggling with living on my own and not being in a partnership to try and sort these things out as a team. I was in the army from like 19 and then moved in with my ex when I was 25, at 37 years old this is effectively the first time i've ever had to adult alone without having my mum n dad, the army or my ex to sort shit out for me and its seems so fucking hard being single. + +My number one priorities are to clear my debt (might just let the car loan roll on) and start saving up for my own house, but with the size of a deposit I would need that seems like an entirely new mountain in the distance that I don't want to even think about right now :( + +I play poker in my spare time and have around £1k in my poker account, and also have a tiny amount of money coming in from twitch and some sponsorships/deals I have so I do have a little extra income but at the moment its not something I can withdraw from, trying to build up to a point where I can do though, I say this because I don't have time to get a second job really to make anymore money. + +I'd just really like some advice on how to get out of this fucking hole i'm in and start building properly for the future. I know I waste so much money but I cannot for the life of me stop doing it, I have 2 accounts, one for bills and one for spending money, and I try to only spend my weekly £100 but it just never works out for me and I always dip into my bills account as I know there is that extra money left, I can never seem to leave it alone. I feel like I am running out of time and i'll get to old age to live in poverty and not be able to help out my daughter with things like weddings and big car bills that she might not be able to deal with. Like, I earn a decent fucking wage and want to be the parent that my parents have never been, able to help out when really needed. + +I'm really sorry if this is just a massive first world problems thread with my income and bonuses coming, but even though they will help clear down a lot of it, it's not going to clear the balance sheet entirely and my attitude towards money and spending is just fucking horrendously bad, I'd really like some help and advice because it all feels so very hopeless at the moment with everything just costing more and more and my housemates looking to move out soon :( + +EDIT: I also don't have first time buyer status anymore, we bought a house like 2 years before we divorced and sold it last year, with early repayment fees and money going back to parents for the deposit we didnt come out with much each, my chunk actually cleared another fucking credit card which was good, but yeah no 1st time buyer benefits for me anymore :/ +EDIT2: Formatting went weird so tidied that up, I pay £12 per month to my football team that I play for, £3 per week for the referee basically. I do not spend £121 on that!! :D +I have been experiencing some of the hardest days of my life and wanted to reinforce that conventional FIRE planning does not do a great job of considering the challenges of old age and a child’s role in helping their parents. My fathers expenses have more than doubled since my mother died. He has a degenerative disease and has to pay for people to come to his house to help with things like making food and getting dressed. My FIRE budget certainly would not cover these kinds of expenses. In our area, its impossible to find reliable home aids who would be covered under Medicaid after he runs out of money (which will happen this year). So his only other option would be a nursing home. Until he is vaccinated, that is not an option. My family lives in a small home and we have lived a frugal lifestyle. I have no where to put him in my own home and he wouldn’t want to move here anyway. My expenses have also increased as I travel often to see my father and help in any way I can. For those who already live a conservative lifestyle, don’t fall into the trap of planning a retirement budget of 80-100% of your pre-retirement expenses. I am adjusting my approach and setting 150% as my new target. This is causing me to have to completely rewrite my plans. Most elderly people are not going for a walk in the park one day and dead the next. The process can be ugly, time consuming, and expensive. That mini-retirement I was planning may be spent as a caregiver for a parent. If you successfully apply the FIRE principles, people will know it and will come to you for help. Even if they don’t ask, you may feel compelled. Maybe not a parent, but someone close that you care about. Are you prepared for this? (I wasn't) +What's your general strategy and rule of thumb on portfolio allocation (real estate, stocks, crypto), tax strategy, and growing wealth. What's your typical income, tax rate, and what's your most strategic driver in reducing tax liability. +I've been out of school for nearly a decade and am getting nowhere working random jobs. I need a more stable situation with benefits and what not so I've decided to go back to school. I've already made a FAFSA account and am waiting to be approved in the next 1-3 days. I'd like to focus solely on school if possible. + +What kind of options are available for me? How often do colleges expect payments? +I get super depressed reading other financial subreddits because those people usually always have money. I have a lot of debt, mostly student loans, and am currently unemployed. Reading about side gigs and how to get stuff for cheap at the store makes me feel more in control of my situation than reading posts asking how best to save on a 75k income...so, thank you. +Shopify valuation can not be justified any way I see it. Can someone explain their valuation? + +I mean, how can it possibly be worth 90billion at the moment? They have quarterly sale of 470M, with a net loss of 31 million on that 470M. Their last quarter was 505million, with a mere 0.77million in net profit. + +The only possible path to its justification is their growth story. Let's take a look at it, + + +If we extrapolate the 470m of their most recent quarter into annualized revenue of 1.88Billion, **even if we assume 45% annualized compounded revenue growth no matter what for the next 9 years** (which is virtually impossible even in the rosiest of projection given the generation defining iPhone/smartphone era could not maintain that kind of growth for that long), **that would come out to 53billion in annualized sales, currently net margins are NEGATIVE, but they are in growth mode so I'll forgive that but let's assign a very generous 10% net profit (minus all expenses) for this feebased type of service, that's still only 5.3billion in profit, the CURRENT market cap is 90Billion - 17P/E at today's price** + +So to conclude, ***IF* shopify can somehow maintain 45% annualized compounded growth no matter what for 9 straight years, which will 28x their current sale volume & be more incredible than the iPhone growth era AND still somehow manage a 10% net profit margin at the end, it'll be valued at 17 P/E of today's market capitalization, in exchange for 9 years of waiting even if perfection is being executed**. I mean that's just messed up, all that low probability risk and the reward of it paying off if such low probability events align is 17P/E if you buy at today's price. WTF? + +If you have the money, will you pay 90billion in cash today for a business that's less than 2 billion in sales(not profit), still losing money, but growing? +I want to hear your guys opinion I’m in at .20 we had a ton of volume last week. The IoniX looks good better than Tesla’s power wall. But all we got was a spec list so maybe there is more news this, could take off or drop back with no news. + I have acko insurance for my current (quite old) car just because they were offering very cheap rates. But I don't have any actual experience with them regarding claims and such. + +I booked a new car recently and acko is literally half the price of what the dealership is offering, so I was wondering if I should go with Acko... + +Do any of you guys have any claims etc experience with Acko and would you recommend it for a new car? + +Also, what is return to invoice add-on? Will it pay me the full invoice amount even if IDV is lesser than the invoice amount? + +Is engine cover add-on worth it? + + +Thanks +As the title states, it just doesn't make sense to me. If the dollar collapsed, am I supposed to buy milk with swiss francs? For the average investor of moderate financial means, buying a few ounces of gold is all that's possible. If you had millions, I can see buying a bunch as you could utilize it realistically. I just picture the economy in shambles and here I am with my one ounce bar of gold having no clue what to do with it except sell for more "useless paper" - Help me see the light on this +Today my favorite stock went +$50 in a matter of hours, off of no news, and then descended back down -$42 in a matter of hours. I don't feel like you're protecting me as a retail investor, Mr. Gensler. Is this normal behavior in the stock market? I'm sure millions of retain investors would LOVE to hear how this type of action is possible. + + +edit:https://twitter.com/GaryGensler?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor + +Why don't we ask him, after all, didn't he say he wants to hear from us? Well boy Gary, we wanna talk, NOW. + +edit 2: Fun fact, go to Gary's Twitter and look at replies, not a lot of interacting with retail investors. In fact, I scrolled for a bit and didn't find ANY. Lot of hot air from what I'm gathering. + +edit 3: Wanted to plug, "The Daily Stonk", for those who don't know its back. Check out /u/Odd-Ad-900 for TDS posts daily :) + +edit 4: To those saying it doesn't matter and he wont do anything blah blah blah...… That's not the point. Do you realize we are only here now because we've been vocal and shared LOUD AND PROUD when fucked up stuff happens? Sure there's other things that are important happening right now, but we can't just let a dip like that go. Its fuckery. + +edit 5: DRS. DRS. DRS. DRS. DRS. DRS. Love you all. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +For as long as I can remember, my family has eaten out 75% of meals. My mother is the only mother I've ever known who is a certifiably terrible cook (my dad refuses to eat any fruits or vegetables or anything with spices other than S+P, so that doesn't help). Throughout college, I worked full time while going to school full time and spent most of my money pursuing the same habits, getting Wendy's or Taco Bell 4-5 times a week. I've never really learned to cook and when I think about it psychologically I realize I definitely turn to Fast food as a comfort and really enjoy the feeling of "being out" at a restaurant or something. I'm really unhappy if I manage to not eat out for a week or so and feel miserable. + +Now I'm older, 30, and I make around $200k a year. But my habits have still not matured. It's not fast food, but I still go to fast casual restaurants and fancy places 7-10 times a week, often paying for my GF. I checked my Mint.com records recently and found I was spending upwards of $1500/month on this, which I realize is ridiculous. I need to change and just feel a little overwhelmed with how to do so. Is this a case for therapy or is there something simpler I can do in the meantime? + +EDIT: whoa, this blew up. Thanks everyone for the great advice. I was an inaugural member of Blue Apron years ago and was frustrated with their selection a lot of the time. Too much cod. Yuck. Anyway a lot of it went to waste anyway as I'd just ignore my Blue Apron food to eat out anyway. Anyway I got rid of that a few years ago. I think the suggestions to do things gradually and without the use of a food service are good and I'm gonna try those. + +I agree with those of you who suggested it is not hard to cook. I should have been clearer in the OP - I can cook fine, I just don't ever desire to cook at home. I genuinely prefer fast food and fine dining (curiously I sometimes prefer fast food). Just thought I'd try and get some ideas from folks I respect (this forum) on how to change that. I can probably "afford" it but I just don't want to. I would prefer to spend what an average person does and just save the rest. + +Edit 2: since everyone was asking, I work in a big law firm. Also I thought I'd give an update - I made a bunch of breakfast burritos to eat over the next two weeks instead of my usual latte and muffin out, and cooked enough chili for leftovers for the rest of the week. One day at a time. +Look, if I was a big boss at a brokerage firm and my interests align with being on the good side of GME retail shareholders, I'd absolutely want my officers to entertain questions from my prospective clients. + +By being hosted in an AMA, Computershare made a big statement saying, "Hey, we are open to entertain your questions, because we know you will like our answers enough that you will do business with us!" + +Isn't that how basic good marketing works? You let your prospective clients examine your business because you know your business is good enough to handle it. And the mere fact that they openly admitted to some issues and how they are addressing it gives me even more confidence that I took the leap to do business with them by DRSing my shares. + +I've taken the steps to become an absolutely true owner of the hottest company in the world right now. Are you ready to take the plunge? +I'm in Los Angeles, CA, USA. + +* Are there any financial incentives or coronavirus-specific gov't programs encouraging me to do this? +* For tax purposes, is this a "gift" I'm giving the worker which I can deduct? Or instead, would it be a "loss" against my rental income which I can deduce +* What's the best way to find a frontline worker who needs the help? + +Thanks +I’m holding to see how high this fucker flies and that’s all I’m doing. Not gonna turn on someone (who has been nothing but helpful and gifting us his time) just because we don’t see eye to eye on this particular situation. Get fucked +Aside from solar panels, driving an electric car, and having a charging station at our house... What are some other ways to reduce our cost of living long term? +The stock has been around for years. Independent aircraft leasing company. Up from $3 to $38 in one day. The CFO just released a statement saying the company has no idea what is going on with the stock price. + +30 million shares traded. 1.55M shares outstanding. Average daily volume 140k. LOL. Any thoughts? + +https://www.globenewswire.com/news-release/2020/12/28/2150981/0/en/AeroCentury-Corp-Comments-on-Unusual-Market-Activity.html + +- Revolutionary Way in Earning Passive Income +- 2000 BNB SOLD on PRESALE within seconds 💵 +- BulleX is officially launching July 12, 6PM EST [10 PM UTC] 📢 +- Hyper-Deflationary Buy-back Token That Automatically Rewards Holders With BNB 💰 +- Hold Bullex in Your Wallet and Watch as BNB Gets Distributed Amongst All Holders 🤑 +- Bullex Contract Buys Back Any Sells. You Will Never See 2 Sells At Once! 📈 + +🌒 About + +Whats the difference between Bullex and any other fork? Not your ordinary fork, BNB Reflection + BuyBack Contract. Team has added sophisticated functions that assist the proper execution of the contract. Presenting solution to over-exploited BuyBack functionality. The rewards contract will always have funds regardless of volume (Non-Reliant on volume). This was achieved by adding new dApps supporting the reward contract. Along with other resources, rewards contract will be funded with the BNB raised in the presale. BullexTM is also developing Bullex Pad, a platform where smart contracts can be launched, deployed and hold pre-sales. This comes with a full internal KYC system to attempt to resolve the current issues within the BSC Community, ensuring that any and all tokens launched on the Bullex Pad will be fully Rug-Proof and legitimate ventures. How does this benefit Bullex holders? Every token launched on the Bullex Pad will be charged a fee. The fee is a percentage of the supply of the token which is then airdropped to Bullex holders. According to how many Bullex tokens one holds, he/she will be entitled to a certain amount of airdropped tokens. This will all be for the Rewards Contract - BulleX is revolutionizing the way we earn passive income. + +🌓 Launch Time + +- BulleX is officially launching July 12, 6PM EST [10 PM UTC]. +- Countdown TIMER on website LIVE. +- Contract Address and Tokens released a day before launch. +- Audit hopefully released before launch: depends on Techrate + Hashex. + +🌔 Tokenomics + +- Team 7% (WHICH WILL BE LOCKED), +- Partnerships 5% +- Private Presale 9% +- Public Presale 30.3% +- Liquidity 46.7% RATES +- Private Presale: 322,580 BLX per BNB +- Public Presale: 303,000 BLX per BNB +- PancakeSwap Price: 286,666 BLX per BNB TAXES (16%) +- 10% BNB rewards +- 4% Buy-Back +- 2% Liquidity + +🌕 Features + +1. BNB Rewards Redistributed - 10% of each transaction is distributed amongst all Bullex holders in BNB. If you hold a minimum of 10,000 Bullex, you are rewarded with BNB. + +2. Auto Distribution - 30 minutes - Bullex holders get BNB automatically rewarded to their address every 30 minutes. No need to claim, no need to request. It just appears in your wallet. + +3. Buy-Back - Every sell transaction is bought up by the contract to the extent of up to 10 BNB at once. Depending on the volume, Bullex tokens are bought back every time anyone sells Bullex. + +4. Liquidity Pool Lock - The Liquidity Pool pair is created after the public pre-sale and locked. 80% of the pre-sale is assigned to the LP Pair. 2% of each transaction is also sent to the LP. This stabilizes the price of Bullex. + +5. Anti-Bot & Anti-Dump - The contract stops bots from manipulating the buy-back feature by restricting and blacklisting the wallet after 2 consecutive sells within the same block or within a set time. + +6. Community Driven - A marketing wallet is setup to ensure Bullex is constantly being promoted on all Social Media Platforms. The community is given the power to vote for any and all transactions from this wallet. + +7. Rewards Pool - BNB Rewards redistribution relies heavily on volume, trading and transactions. This means that if volume was to ever be depleted and run down, the rewards/redistribution will begin to dry up. Bullex is ensuring that the rewards continue to flow through a 'Rewards Pool'. An added tax that gets stored away in a Contract and is able to fund the Rewards Contract (Redistribution) when volume is generally low.This ensures that BNB Rewards always remain constant and projections are as accurate as possible.This contract will also be used in correlation with the Ad Revenue Share prospect. + +🌖 How To Buy? + +1. Download the Metamask app and setup your wallet. +2. Purchase BNB on BSC (Binance Smart Chain). +3. Open Browser (settings bar on the left) and navigate to PancakeSwap. +4. Click select a currency and enter the contract address. +5. Before swapping, click on the wheel icon and set slippage to 16%. +6. Enter the amount of Bullex you would like to buy and hit swap. +7. Confirm the transaction in your wallet. Hold Bullex for BNB rewards. + +🌗 For more information please view contact details below ⬇️ + +- Website: https://bullextoken.com/ +- Telegram: https://t.me/bullextoken +- Twitter: https://twitter.com/bullextoken +- Instagram: https://www.instagram.com/bullextoken/ + +🌘 BulleX +>[The Wedbush analyst Dan Ives has now announced in a study that according to his estimates 650,000 Cybertrucks have already been pre-ordered – even though the production start is scheduled for the end of 2021 at the earliest. The large number of pre-orders is not unusual for the e-car manufacturer, and many pre-orders were also received for the Tesla Model 3. The analyst from Wedbush Securities adds that Tesla should deliver 175,000 to 200,000 cybertrucks in its first full year of delivery, i.e. 2022, in order to sufficiently satisfy the demand.](https://gryffintrading.com/2020/07/03/wedbush-analyst-teslas-cybertruck-is-said-to-have-already-received-650000-pre-orders/) + +Honestly Tesla just keeps coming out with good news, and Battery Day is now scheduled for september with probably even more good news. I Regret buying puts pretty hard tbh +Sven Carlin said that you are better at investing internationally than in USA. Something like there are more likely mispricing and fewer institutional investors. + +I invest in Hong Kong, which is notoriously famous for having serious mispricings, approx. 60% of retail investors, large amounts of scams, and high volatility. Also, valuations in Hong Kong seem much lower than in mainland China at the moment. + +Also, I invest in Canadian, Slovenian, and Serbian stocks. Valuations in Canada are much lower than in the US, but apart from banks, miners and REITs there are few other options in Canada. There are only a few stocks in Slovenia and Serbia. + +For me, the advantage of investing in Canada, Hong Kong, and Serbia is that unfortunately, my country doesn't have a double taxation treaty with the United States. + +What international markets are you targeting and why? +Majority of my holdings are VTI. I’m planning to put even more into VTI during this dip, but I’m wondering if anyone sees VTI crashing in the future or it is less likely as VTI is considered a quite safe ETF in the long run. My average is at $215.82. +Long time lurker - rarely a poster. + +I’m in my early 30’s and come from a poverty background. Dented cans, financial anxiety, instability like many of you. I am a first gen American, first generation college grad, and a first in family graduate school graduate. + +Today I checked my retirement portfolio and finally eclipsed $101,000 in savings and investments for my retirement. I know it’s not a million, yet, but I have diligently saved for 10 years and can’t really celebrate this with anyone in my family without making them feel bad, so I had to celebrate it here! + +I started saving at 22 and have done so every week since. Nobody in my family has the luxury of retirement, or even a safety net to fall on. I am proud of where I came from and hopeful about where I am going. + + +Free Advice: + +If you’re starting out working, even if you think you can’t afford to save, OPEN A ROTH IRA, or something else. You can adjust to the missing $125.00 a paycheck if you forget you have it. Chances are you have done with less before and in the long run, it will pay off. +Doge coin creator Billy Markus is officially a holder of Elon Musks newest favourite coin Inspiration4 the commemorative token of the latest Space X mission! + +Feel free to check his bep20 wallet via his website! + +https://t.me/inspiration4_bsc + +TG : Inspiration4_bsc + +✅200K Mcap - still very early + +✅Elon Musk just keeps on tweeting about Inspiration4 going to the moon! + +✅He will be tweeting about them for the rest of history! (Elon tweets, we get rich) + +✅ CG Applied + +✅ CMC Applied + +🐳Whales are watching + +👁Lots of eyes on project + +💰Buy now or regret later + +Inspiration4 Token is the world’s first fair launched De-Fi Token to commemorate Inspiration4.The token will be commanded by a community of Inspiration4 fans.It will be commemorating the historic event for Spacex, rocket science & cryptocurrency. + + +https://twitter.com/elonmusk/status/1440159176685088774?s=20 + +https://twitter.com/elonmusk/status/1439366880310046721?s=20 + +https://twitter.com/SpaceX/status/1439365668952940545?s=20 + +https://twitter.com/SpaceX/status/1438981920252055555?s=20 + +0xed52d233416903fa721066d59819b08ef00fe4b0 + +https://www.dextools.io/app/bsc/pair-explorer/0x4b8bff6494f9abef108413862ead305b1ae3a34e +There's been an influx of successes and high returns posted in this recent market, and whenever I look at these posts, I tend to get upset about missing these opportunities. My heart sinks whenever I see another post about how someone retired early due to an early TSLA stock or how they paid off their mortgage because of BTC or AMZN or whatever. I want to desperately have an opportunity like that. + +I've been mildly interested in investing for a while, but I'm a poor 19-year-old university student so I have pretty much no stable income and a severe lack of knowledge in investing. I want to invest now because of these posts, but I know I reasonably shouldn't because I'd be investing with my emotions, I only have around $5,000 in my bank account and no stable income is coming in. + +How do I handle this FOMO and this jealousy? + +EDIT: Thanks for all the responses guys. I didn't expect the post to resonate with a lot of people or get a ton of comments, so thank you. + +I've read a few of the top comments, and they gave me some much needed perspective on my situation. My jealously has subsided somewhat after reading the top comments and having some time to myself. I hope other people can use some of the advice given on this post to help them with their own feelings of jealousy and FOMO. + +I'll be reading each and every comment carefully at a later point in time (I have university exams atm) but again, thanks for all the advice. I really do appreciate it. +Just noticed this today when logging in. Here's an article in WSJ: + +https://www.wsj.com/articles/vanguard-ratchets-up-index-fund-price-battle-1542636000 + +and from their website: + +https://investornews.vanguard/our-index-funds-changed-investing-forever-now-were-making-them-even-better/ +I have been lurking a lot in here for the past few months (with a couple posts) to try and figure out my financial situation. As I read more and more, I find myself disgusted with how you guys treat people with student loan debt above the average (which is like 30k now). + +My story is probably similar to a lot of the loan carriers, so I will share an abbreviated version of it: + +It is 2006. I am entering my senior year of high school, and my Dad and Mom are both working, doing well. Combined, they are probably making about 250-300k. They, along with the rest of pre-recession America, are telling me college is the way to middle class, and that they have saved up enough for me to go almost anywhere that's not Ivy League. I chose a University that costs about 26k a year. + +Fast forward a bit. It's 2009. My Dad has lost his business, and is now using my college savings to keep everything afloat. I am about to enter my Junior year of college, and my parents tell me I will have to take loans out to continue. I have suffered two years in engineering already, and do not wish to quit. I continue on. + +It's 2011. I graduate, and although I have a job lined up, many of my friends didn't. America is now telling us "college is worthless lol" and the grim realization hits us that the ENTIRE economy has changed. I cannot move home because I decided to keep my sanity instead of my money, and at this point my Dad was an abusive alcoholic and my Mother was extremely depressed. + +I do not share this out of pity. I have about 62k of loans and am making 75k, so I will be paying them off within a few years. But god dahmit, there are people worse off and I feel for them, because I chose a career that makes money simply because it's what I enjoyed most. I got lucky. If I enjoyed something that didn't pay as much, I would be in a much worse situation. + +If we want to have serious conversations about this, we cannot expect every 17-18 year old to have the financial knowledge of accountants. Most of the progenitors of college students also have extremely lacking financial knowledge, which is why you hear of this in the first place. Most 18 year olds are thinking about beer and having sex (well, I still think about that a lot), not about retirement, 401ks, healthcare, etc. You can think it's wrong all you want, but that is reality. + +So I ask of you, please get off your high horse. None of us are rich, and most of us will never be. We are all in this rat race together. Instead of saying "screw you I got mine", be more accepting of the fact that people are actually making an effort to pay their debt, and will speak highly of this sub. Thank you. + + +Just wanted to say the HumanityDAO team were super thrilled when Vitalik tweeted about them and applied to join HumanityDAO, so much so they decided to "rig" the votes for him. + +The first 100 registered humans in HumanityDAO get a large percentage of the tokens that allow for governance. Unfortunately Vitalik was the 136th person to join. + +HumanityDAO came up with a good plan though. They've kicked out 40 members who applied in front of Vitalik so he can squeeze right in the first 100. Look for their announcement soon stating Vitalik was among the first 100 of their "decentralized" system where the founders kick out lots of members to suck up to the ETH ELITE. + +Their twitter and discord have the confused members trying to figure out why they were kicked, and HumanityDAO founders just say, oops, apply again. But Etherscan shows that it was the founders doing the kicking. + +You cant spell decentralized without elitism and marketing. Congrats on being in the top 100 Vitalik! + +&#x200B; + +&#x200B; + +EDIT: Proof is here: + +This is the one devs ethereum account.[https://etherscan.io/address/0xa0dc2f2f6fd98d9c7254f929db233f149741c432](https://etherscan.io/address/0xa0dc2f2f6fd98d9c7254f929db233f149741c432) + +Proof its his account, he is #1 on the Humans list and tweeted the address. + +[https://humanitydao.org/humans](https://humanitydao.org/humans) + +&#x200B; + +All of his recent transactions are just kicking out users that are in front of Vitalik. Here is an example: (click on "Click to see more" and then "DecodeInput Data". It will say he VotedNo on Proposal/User ID #89. + +[https://etherscan.io/tx/0xfc01bc52bf8cfabadfd1a037c8c4b39761fcc9a88aa2c1d20af26e62bc982e31](https://etherscan.io/tx/0xfc01bc52bf8cfabadfd1a037c8c4b39761fcc9a88aa2c1d20af26e62bc982e31) + +&#x200B; + +If you look at his most recent transactions, most are him kicking out people from the 130 and under group to get Vitalik in the top spot. He stopped as soon as people started trying to figure out why they were removed so close to being accepted in as no other users voted against them, just the devs kicking them out quietly. Conveniently Vitalik should squeeze into #99 or #100 spot, the lucky guy he is. Devs even said in discord they couldnt identify who voted someone out and to just reapply and they would give the ppl they kicked a boost to get in through at a lower ranking. + +They were hands off in voting until Vitalik signed up, then they switched to rigging it in his favor to try to milk the exposure. + +&#x200B; + +&#x200B; + +EDIT2: So Today they will spin it and we will all move on but the truth is the truth. HumanityDAO had a rigged distribution. + +1. They tweeted and shared their project on reddit to invite in everyone in the cryptospace in a fake display of open distribution. +2. They only planned on letting in ethereum celebritys or people they viewed as "useful" into the top 100. People the founder kicked out last minute were told they would be fast track added to get them to not dig into it. That they are human but just not human enough to be top 100. +3. In their discord they encouraged people to buy their token the HUM as an additional way to prove humanness and show you are vested in the project knowing that in the end they would veto last minute and their veto power outweighs any votes you have. +4. After they were called out on it they tweeted and deleted tweets saying people were trolling them. +5. Then they made a tweet on their HumanityDAO twitter to run a quick vote where the "community decides" if they should focus on only letting in people in the crypto industry.[https://twitter.com/HumanityDAO/status/1128569437819293696](https://twitter.com/HumanityDAO/status/1128569437819293696) +6. After 1 hour they declare the vote finished saying they will focus on letting in crypto users to retroactively say their decision was what the community wanted. Its a bizarre discussion since everyone is either in crypto or a fan of UBI but they are creating this narrative that "non crypto users" were trying to trick their way in.[https://twitter.com/HumanityDAO/status/1128581447101497344](https://twitter.com/HumanityDAO/status/1128581447101497344) +7. Read rich's actual words:[https://twitter.com/richmcateer/status/1128593251269611521](https://twitter.com/richmcateer/status/1128593251269611521)The people the Founders kicked out were just "lucky" to have found their project after their mock marketing release. They werent meant to join or get distribution. They got kicked and had their ethereum they staked to join taken because they werent viewed as part of the community. +8. In the discord rich says "We arent sure who veto'd who", you can literally view it on the blockchain. I have, it was them kicking people out. +9. Now they will say it was a mistake for them to get involved in voting (their involvement was just voting up their friends and kick voting any "unlucky" early participants even though at this point it doesnt matter, they finished their plan of rigging The 100. +10. Theyll blame the community to some extend and then just market/PR their way beyond this. + +They will want everyone to forget but the truth is the first 100 positions were rigged, they view you as "lucky" to even be involved in their project, they will keep repeating it wasnt rigged 'for Vitalik', they just happened to only veto kick ppl who applied before him and then encourage those people to rejoin. If it wasnt for Vitalik, it was for their friends as rich posted on twitter it made more sense to them to pick and choose:[https://twitter.com/richmcateer/status/1128593251269611521](https://twitter.com/richmcateer/status/1128593251269611521) + +If thats the case they should have opened explaining this to people and not pretend the beginning was in any way a fair distribution. I'm mad that this is how projects operate, their launches are fake/rigged. + +&#x200B; + +If you wanted only certain people you should have just done a closed launch, no one would have objected, its just insulting to have to watch all this pretending/marketing so you can later claim a fair launch/distribution. Its even more insulting they are going to say they were worried some of their first 100 would dump their coins, wouldnt that just distribute the coins more? Personally I was very interested in the project, I was excited to be an early member, I even bought HUM and participated in the community. But to them I'm just some lucky SOB who wants to scam his way into their $1/mo UBI. I dont want your coins, I dont want to be apart of your project. + +&#x200B; + +If theyll openly rig distribution, I wonder what else theyll rig? + +I wonder if I even posted this if anyone would have noticed. What really set me off was when a user asked why they were kicked, they said they didnt know, and I pulled it up on etherscan and it was them. But we're the unwashed masses who are easily fooled. I Just wanted at least this info to be known so it can be looked back upon when they later claim how fair their launch went. + +&#x200B; + +EDIT3: + +Removing number 3, while the Devs did continue voting after they said the would stop, some people are saying they had to Vote to fix a glitch. I will stick to the main points that are unchanged to avoid people latching on to that. I cant comment because my reddit account is so new. + +One last addition, to the people telling me that this is a conspiracy theory: + +When they first saw this thread the first thing they did was delete tweets/discord posts, then create a twitter poll on @HumanityDAO asking if they should approve "Humans" or "Crypto community". 1hr into the 24hr poll they declared "Crypto commuity" the winner and stated "It makes more sense to me to inspire builders with a shared goal than to distribute to a lucky crowd" then stated the focus of HumanityDAO changed, " Okay, the Schelling point has changed. ". Thats odd behavior in response to people asking them to address this post. + +&#x200B; + +People still asked them to address the post, all the people who were kicked. Then they said they'd address it, then changed their mind stating they didn't need to because that their actions "werent that bad" and then they deleted that tweet. Then they said HumanityDAO is just a game, play how you wish. + +&#x200B; + +I didnt like that they encouraged people to pay to apply, buy HUM to stake, told them to vote/participate burning ETH, told them that the deciding factor would be left to the community to decide their humanness and then throw down the deciding vote to veto them after the community decided not to kick. Then when they asked what happened, told to apply again. A lot of those people were active on twitter and in the discord regularly chatting with the devs. You can find them on twitter and in the discord still confused and complaining, dozens of them. + +&#x200B; + +I could go on all day but no real point. I just cant wait to see if they just admit to what happened so everyone can move on or if they continue with their pattern of odd behavior. + +&#x200B; + +FINAL UPDATE: +Here are the relevant tweets about the devs kicking out the 40-50 people who applied in the top 100. They didnt know them personally so the were booted and told to reapply (which gave them a lower share of voting rights). The actual reason, if it was to get Vitalik placed or to get their friends placed in the top 100 is debatable. Here is the final confirmation that they did the booting. + [https://imgur.com/a/tf84Ncp](https://imgur.com/a/tf84Ncp) + +&#x200B; + +MOST RELEVANT TWEET: +[https://i.imgur.com/W9UGWqZ.png](https://i.imgur.com/W9UGWqZ.png) + +&#x200B; + +I merely wanted to point out the early distribution was being manipulated I just wasnt 100% sure why and I'm still not. + +&#x200B; + +Thank you for reading and allowing my post to be here. I apologize for the formatting and the walls of text. +The bad news: there is no house on the property! 😂😂😂 it was condemned and then demolished in 2013. Lesson learned: don’t go off old pics on realtor/zillow + +The good news: the lot is absolutely beautiful, very secluded 1.4 acres in the middle of town with a creek running through the edge of property and I don’t have to pay to demolish the old house! + +This is already off to the most exciting business venture I’ve undertaken. Now to figure out what to do with the land. Lots of possibilities +Before you spend another day hosting your shill hedge fund buddies to come on the air and demonize r/wallstreetbets I hope you read this. + +Your contempt for the retail investor (your audience) is palpable and if you don’t get it together, you’ll lose an entire new generation of investors. + +I keep thinking about these funds that are short GME like your boys at Melvin Capital / your coverage of this subreddit and I’m getting madder and madder. + +These funds can manipulate the market via your network and if they screw up big because they don’t even know the basics of portfolio risk 101 and using position sizing, they just get a bailout from their billionaire friends at Citadel. Then they have the nerve to turn us into public enemy #1 just because we believe in an underdog company getting a second chance. + +We don’t have billionaires to bail us out when we mess up our portfolio risk and a position goes against us. We can’t go on TV and make attempts to manipulate millions to take our side of the trade. If we mess up as bad as they did, we’re wiped out, have to start from scratch and are back to giving handjobs behind the dumpster at Wendy’s. + +Seriously. Motherfuck these people. I sincerely hope they suffer. __We want to see the loss porn.__ +https://www.washingtonpost.com/news/the-switch/wp/2018/03/18/facebook-may-have-violated-ftc-privacy-deal-say-former-federal-officials-triggering-risk-of-massive-fines/?utm_term=.4f207c85d2f5 + +>Vladeck, now a professor at Georgetown Law, said violations of the consent decree could carry a penalty of $40,000 per violation, meaning that if news reports that the data of 50 million people were shared proves true, the company’s possible exposure runs into the trillions of dollars. + +Obviously, a fine of over a trillion dollars is extremely unlikely, but the fact that that is even a possibility or a though on the table is nuts. Regardless, this should hit Facebook quite hard, not only from a fine perspective, but also from the perspective of trust from advertisers and users as well. +Fortunately I have the chance to put $100 into dividends per week (5,200/year) + and an additional one time $20,000 of savings I have saved. +I wouldn't be new to investing per say just the dividend aspect of it. + +I'm seeking advice on the following - + +How much should I diversify my portfolio in different industries? +How long should I spend on simply checking into my portfolio to see how its doing? +What would be the most consistent stocks that have thrown out dividends, quarterly, monthly or yearly under a yield of 5%? + +Sorry for all the questions. Any answers to any of them will be greatly appreciated, thanks! +Hot off the press today: You can find Citadel Securities (Europe) accounts up to December '21 here. [https://find-and-update.company-information.service.gov.uk/company/05462867/filing-history](https://find-and-update.company-information.service.gov.uk/company/05462867/filing-history) + +I've spent some time digesting - but it's massive changes from their last filing and I will try and post as I unpick things. + +Mainly though - IMO and not financial advice - I am a regarded Ape only, but I think that Citadel Europe was the cause of + +&#x200B; + +https://preview.redd.it/tnto0nszdkq91.png?width=1506&format=png&auto=webp&s=b78b901123973869e0b2e3d9454765dd0f6664de + +Why? + +These charges were filed against Citadel Securities (Europe) in August and September from various lenders, shortly after Kenny G took a personal interest - and therefore provided his personal credit rating shield + +&#x200B; + +https://preview.redd.it/8ijjtbl3ekq91.png?width=1896&format=png&auto=webp&s=0b64cb30cbfbe718db61c1f49726ffb8eae9abbe + +Now the super spicy part from the latest accounts: + +&#x200B; + +https://preview.redd.it/gg0a9qj4ekq91.png?width=1384&format=png&auto=webp&s=fdd9144ec1a9222543f1ce147ed645112c69af70 + +Don't see it yet? + +"Enhance - Enhance" + +&#x200B; + +https://preview.redd.it/zyu2j9o5ekq91.png?width=1752&format=png&auto=webp&s=0a87beb02c43d1bb89a1e30a9df88fffecf20795 + +A $700m increase on money due to be paid out, but not yet paid. + +And looky looky + +&#x200B; + +https://preview.redd.it/9fajrfs6ekq91.png?width=900&format=png&auto=webp&s=f251795b8b1ba3e99c9a9700f1837ee86ad17337 + +$658m due to Custodians: + +&#x200B; + +https://preview.redd.it/h6o8sos7ekq91.png?width=1332&format=png&auto=webp&s=c3ea24acec381f835bac4437bdf9f3095fc13e7b + +AKA the big boys + +But it's not an issue right - a nothing burger because they're still solvent right? + +Well, not really in my very limited knowledge opinion. Because this $600m+ was due - as in collector knocking at the door due - within 3 months of the end of '21. + +&#x200B; + +https://preview.redd.it/6b0klym8ekq91.png?width=884&format=png&auto=webp&s=5ad459957e5556533ef3ea35139c573f772e32cf + +Whereas the assets that balance this liability are exactly that assets - that need to be sold. The company only reported $48m of 'high-quality liquidity' i.e. you can cash it in straight away and get the reported value for it: + +&#x200B; + +https://preview.redd.it/4gp7nxj9ekq91.png?width=854&format=png&auto=webp&s=50973c61219212309e1bef41e01d6b2019f8088d + +So they had a bill for $600m+. And had access to only $48m. Which means they either have to sell off assets below the reported value or get a payday loan. + +So why not sell off assets? + +Because they only generated $48m of income in the first place, well down on the previous year: + +&#x200B; + +https://preview.redd.it/190i2fmaekq91.png?width=1804&format=png&auto=webp&s=76754301b422ba7cf6c76d5e41198a9bad6955e4 + +And $48m income is reliant on them reporting a gain $119m on the $1.7b of assets they reported *at fair value.* + +So if they had to firesale lets say 40% of the assets they held to pay $600m+ due within 3 months - what discount would be applied to the fair value? + +\-10% - would mean a reported loss of income of -$120m + +\-20% - would mean a reported loss of income of -$290m + +\-40% - would mean a reported loss of income of -$660m + +The company only has $300m equity - including the 'fair value' measurement of assets. + +&#x200B; + +https://preview.redd.it/dn3qroibekq91.png?width=1828&format=png&auto=webp&s=056b806e00860bff7ca22638d25d2b4bf28021f0 + +So they couldn't pay the bill - IMO - without liquidating the whole company - or getting loans. + +EDIT: Missed a few words and typos. + +&#x200B; + +EDIT 2: Woah - Citadel restructured **CITADEL SECURITIES FINANCE (UK) LIMITED** during 2021 as well - so that it became the owner/main investor and loaner to all of its Asian/Eastern business units. Interestingly they gained a bunch of charges after Kenny G took control: + +&#x200B; + +https://preview.redd.it/l5a6rxm8ukq91.png?width=1862&format=png&auto=webp&s=422bb09e9c0d1f1d7dfaa15ddc3dc7b758ac584f + +And lo and behold - let's see how much cash they had owing to Brokers - within 1 month!!! + +&#x200B; + +https://preview.redd.it/0un2k0kdukq91.png?width=654&format=png&auto=webp&s=6bebb12020f8aaca5851ba8ef7b87756cd62ac3f + +One point four BILLION dollars. + +$600m of this is balanced by brokers owing them - so $800m net. And they have $218m cash. + +So only $582 of the $1.6b financial assets they own would need to be liquidated / 36% of their assets - in order to pay cash due within 1 month - unless they used a loan or came up with some deal. + +Link here for accounts: [https://find-and-update.company-information.service.gov.uk/company/11966286/filing-history](https://find-and-update.company-information.service.gov.uk/company/11966286/filing-history) + +&#x200B; + +They're running out of cash all over the place and trying to extend payment terms to counter it. + +&#x200B; + +EDIT 3: Thanks for all the comments and wanted to quickly jump on the chat about swaps that is cropping up. These statements are only for the UK based companies and do not reflect the US ones, other than you can see how much dividend has been paid out, or fees or similar. + +The swaps are reported in these reports - and aside from them being able to use crime to hide things - are pretty clean. In fact Citadel Securities (Europe) pretty much stopped completely a massive interest rate swap contract play, valued around $1.3b, they were using the year before. I expect if we ever got reporting like this in the US, it would be a very different situation. + +&#x200B; + +EDIT 4: God damn it. I forgot about this: + +&#x200B; + +https://preview.redd.it/1t7xeqyehlq91.png?width=1450&format=png&auto=webp&s=9670fa573fb9495cd82161a9c1726ff9954701b5 + +$1.2bn is approximately the debt due to brokers and custodians for Citadel Europe and Citadel Eastern (short hand names) less cash that they had on hand. And it closed in January 2022 - right when they had to pay up... +Every year it seems that there's article after article about Millennials and Gen Z graduating with massive amounts of debt and delaying their entry into the housing market, or not buying houses at all/continuously renting due to low paying jobs/college debt. As the baby boomers start to pass away, the housing supply would theoretically increase and if things continue the way they are for Millennials/Gen Z, the demand for purchasing houses would drop. Wouldn't this result in a massive decrease in price for future housing stock? +There appears to be a growing consensus that global supply chains are too vulnerable to the kind of shocks covid introduced, reason being that efficiency has been prioritized over resilience. + +We are now experiencing compounding shortages and inflation with no obvious end in sight. The standard of living expected by citizens in the wealthy world looks set to decline until supply chains are fully restored. + +But isnt this inevitable? Corporations will generally choose short term profits over longer term issues like how they might adapt in the rare instance that severe disruptions last for long periods. + +How could countries incentivize more local production without breaking trade rules? How could Trade wars be avoided if countries want to get their supply chains out of China? + +I understand food and pharmaceuticals.....but what kind of Consumer goods should be manufactured in America? (or whatever wealthy country that imports more than exports) +**METHODOLOGY** + +If we were to establish how many shares are traded across the market each day through odd lot orders and combine this data with the known retail daily buy/sell order ratios, we could predict with a certain level of accuracy the accumulation of GME shares held among retail, given retail overwhelmingly trades in odd lots and institutions trade in round lots. + +**SEC DATA** + +[The SEC publishes very detailed trade data for each quarter](https://www.sec.gov/opa/data/market-structure/market-structure-data-security-and-exchange) This has a wealth of information that can be used for many purposes in future DD's. + +**ODD LOTS** + +This data includes a column for daily 'TradesForOddLots' and 'OddLotVol('000)' + +From the SEC README: + +· TradesForOddLots = Trades: Count of trades from order-based exchanges. + +· TradeVolForOddLots('000) = TradeVol('000): Sum of trade volume from order-based exchanges. + +The daily average share count per odd lot can be calculated by dividing the Odd lot volume by the odd lot trades. + +[SEC Data shows the average share count per odd lot order to be 16 shares +-4 (trimmed ave) from Jan 2021 through Q3 2022](https://docs.google.com/spreadsheets/d/e/2PACX-1vTwztu4PEglwKkS7EVY_uY7Lbl8kcLdATGwt3Ff_hHukIkazYgATFOVhXL0OcxdjjgwQhxUvy1k5ho-/pubchart?oid=1911097850&format=interactive) + +This is interesting on a couple of counts IMO. First, It is surprisingly consistent even during big price swings. Second, I would have expected to see a significant jump after the Splitivind on July 22nd 2022. But there is hardly a move. I have written to the SEC to try to understand why the split did nothing to the odd lot share count...Update to follow if i get a response. + +Retail is known to be responsible for the majority of Odd Lot Trades. Institutions deal in larger round lots. [The rise of the retail odd lot phenomena is detailed nicely in this condescending post showcasing what institutions can do about it!](https://www.cowen.com/insights/retail-trading-whats-going-on-what-may-change-and-what-can-institutional-traders-do-about-it/) + +**FIDELITY** + +The SEC data is great but what is missing is how many of these odd lot trades are buys and how many are sells. + +Luckily for us, our good friends over at Fidelity ~~are~~ were publishing their retail orders for the top 30 tickers on their platform. [For some unknown reason they moved this information behind an account wall on Sept 15th 2022.](https://digital.fidelity.com/prgw/digital/research/src/details/orders) So you would need to log in to your fidelity account to see it now. + +But fear not! in another strike of luck, the folks over at [Way Back Time Machine](https://web.archive.org/web/20220000000000*/https://eresearch.fidelity.com/eresearch/gotoBL/fidelityTopOrders.jhtml) have a detailed, [albeit a little incomplete historical dataset of this data post sneeze](https://docs.google.com/spreadsheets/d/e/2PACX-1vTwztu4PEglwKkS7EVY_uY7Lbl8kcLdATGwt3Ff_hHukIkazYgATFOVhXL0OcxdjjgwQhxUvy1k5ho-/pubchart?oid=1746944991&format=interactive) (log scale). Unfortunately the Wayback time machine no longer can access the data. Obfuscation by design... + +**~~MARGE~~** **MERGE** + +By merging the SEC average shares per odd lot, with the fidelity Buys/Sell lots for GME, we can infer the share accumulation among Fidelity customers for GME over time. If we go a step further and presume the actions of Fidelity retail investors are aligned with the actions of the broader retail markets, we can apply the Fidelity share accumulation ratio across the market as a whole. + +In short, what Fidelity retail does, so does APE-X, Interape-ive Brokers, Robbinghood and other PFOF 'customers'. Which is Buy and Hold and DRS. + +[This data is interesting IMO because it shows the unwavering buying pressure and hunger for GME shares among retail regardless of price action](https://docs.google.com/spreadsheets/d/e/2PACX-1vTwztu4PEglwKkS7EVY_uY7Lbl8kcLdATGwt3Ff_hHukIkazYgATFOVhXL0OcxdjjgwQhxUvy1k5ho-/pubchart?oid=1362997260&format=interactive). + +When the price goes up Apes buy! When the price goes down Apes buy! When the price stays flat Apes buy! WTF. I guess retail just likes the stock. + +**MIND BLOWN** + +>!Get yourself some mayo and tissues for this next chart!<. + +What do we get when we apply the odd lot Fidelity share accumulation to the broader market data provided via the SEC and how does that grow in context of the entire GME pre-split float of 58.19M shares? + +[We get to see the entire fuking float being accumulated over and over and over and over and over](https://docs.google.com/spreadsheets/d/e/2PACX-1vTwztu4PEglwKkS7EVY_uY7Lbl8kcLdATGwt3Ff_hHukIkazYgATFOVhXL0OcxdjjgwQhxUvy1k5ho-/pubchart?oid=1433058966&format=interactive)! + +The purple diamonds in the chart are the published DRS numbers from Gamestop. As of last quarter, 6.35% of the shown accumulated retail shares were DRS'd. This is trending upwards. Pull your finger out and put it in a purple circle FFS. + +The data also shows retail through odd lot share accumulation has been consistently doubling the entire float every 4 months, now above 540% since the January 2021 sneeze. + +Let that sink in.... + +**TRUST ME BRO** + +[Here is a link to the published google drive data used in this post.](https://docs.google.com/spreadsheets/d/1NQDHEySi6XQL7oQhg_1epJici7cZmByduy7DO-fdeuo/edit?usp=sharing) Use it as you see fit. DRS mo-fo's. + +**TL:DRS** + +SEC Odd Lot raw data crossed with Fidelity customer order data indicates the entire GME float continues to be bought outright by retail through the DTCC every 4 months, showing 540% as of September '22. + +As of June 30th 2022, 6% of GME retail shares purchased post sneeze were DRS'd. + +SEC Odd lot data shows a negligible increase in the average daily share count per odd lot order after the Splitivind. This does not look correct and the SEC has been asked to clarify. + +**WALLSTREET IS FUK'D** + +EDIT: Post has stalled. Now beginning a decline in upvotes. Removed from my profile. Downgraded to ‘Speculation’ from ‘DD’ confirmation bias. Close to the end the shorts may be…. +Curious how long it took people to reach milestones? +It took me a long time to hit $1M. +1 year to hit $2M. +9 months for $3M. +10 months to hit $4M. +5 months to hit $5M. + +I think I’ve just been lucky with stock picks but wondering if this kind of rapid growth is common after a certain point? Wondering how long it took people to go from $5M go $10M? +I’m stumped as to how one can even begin to afford homes valued at $4mn in areas such as Bondi. What type of job does one need to be doing to be able to afford one of these houses? Even if I’m hypothetically making $300k, I still can’t afford these houses! + +Just an aspirational 25 year old seeking some advice. +THE TITLE SAYS IT ALL. + +GAMESTOP LOVES YOU. +THEY WANT TO SUPPORT YOU. +THEY WANT YOU TO DRS. +WITHIN 1 WEEK THEY HAVE A SUPPORT LINE SET UP. + +This is direct communication from GAMESTOP TO DRS YOUR FUCKING SHIT + +UP UNTIL MID 2021, YOU COULD BUY DRS SHARES FROM GAMESTOP.COM DIRECTLY, TILL GARRY TOLD THEM TO STOP. NOW IT JUST LINKS TO COMPUTERSHARE.COM + +ANYONE SAYING NOT TO DRS IS FUD. + +DRS IS THE WAY + +Downvote me shills, I know you’re working overtime. + +DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS +DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS + +edit: here’s a link https://www.reddit.com/r/Superstonk/comments/r9buii/you_can_now_call_computershare_internationally/ + +“We have set up a dedicated number to field GameStop enquiries: + 800 3823 3823. This is free to phone from a landline in the following countries” +After spending a fair amount of time scrolling through this feed It seems like many of people here are big salary earners in tech, engineering or other high paying fields. + + Ive read countless posts of 20 somethings with 6 figure investment accounts (which is awesome btw) however Im curious to know where all the "normal earning" FIRE folks are? Im taking about those people in the 30-60k range. + +Im currently making roughly 50k a year & saving about 15-18k a year but after seeing other people's huge savings rates I feel pretty small potatoes lol. + +We can still fire I suppose..... but its a longer, harder, & leaner grind for us common folk lol. Lets hear about your lower middle/middle class fire journeys. + +What do you do? & How far along are you on your Fire journey? +With the influx of new traders we're going to see I figured I'd explain some of the basics for you. + +Positions: + +420 Spy C 4/17. This is a call. A call means you call bullshit on a stock and think it will crash. Use this if you think A stock is overvalued or will crash soon. 4/17 is the expiration date meaning this is how long you have to hold and make money. The closer it gets to the date the more money you can make. + +420 Spy P 4/17. This is a put. Think about it as putting your money where your mouth is. If you are putting faith in a company going up you buy puts to the price you think they're going up to. The easiest way to remember this is P= Profits. Buy them when stocks are going to go up. The same expiration date information applies to puts. + +DD= Don't Do it. This where users argue against what they believe is going to happen to strengthen their arguments. Anything you read in a dd should be taken as false it is strictly a thought experiment. + +Finally, let's talk about IV this is Instant Value. The higher the IV the more likely your position is to make money. The higher the IV the cheaper options are. This is when you want to buy them. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +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! + +Our fellow redditor u/-Stego- has created this extremely useful extension for Google Chrome that deserves attention. Because it's a free tool, I'm hoping this post doesn't break the subreddit rules. + +[KoalaData](https://chrome.google.com/webstore/detail/koaladata/hlmlbjneliokncgbophonbofnikfimja?authuser=1) adds text to Domain.com.au to shows the price history for rental and purchase listings. Saves a lot of time digging around the web, creating spreadsheets or archiving pages to try and track price changes, or compare the listing price to the sold price. + +The more information in the market, the easier it is to negotiate, and the less likely it is that buyers and renters get ripped off. +As per the title. + +Quantitative Easing is when central banks purchase assets from financial institutions, notable bonds. It was started in 2001 by the Bank of Japan. Most central banks of the world, notable the Federal Reserve, BoE and ECB started doing QE in 2008. + +The Federal Reserve bought around $600 billion of assets, bonds which also included mortgage-backed securities. By 2014, it held around $4 trillion assets. + +It's well known that the Feds balance sheet now stands at +$7 trillion. Despite all this new money created, how has it not caused inflation? + +QE works by central banks buying assets from the secondary market, which means they buy assets from banks, pension funds, etc. The Federal Reserve does this by crediting the bank reserves of commercial banks at the Federal Reserve with the new money. + +Could that be the reason why QE doesn't instantly cause inflation? + +Compared to actual 'monetary financing' which countries like Argentina and Zimbabwe have done which has caused hyperinflation for them. Monetary financing is different to QE because instead of the central bank buying up assets in order to lower borrowing costs in the economy. Monetary financing is when the central bank directly funds the government. + +When you look at the data of bank reserves for commercial banks at the Federal Reserve, you can see that despite [the large increase in the bank reserves](https://fred.stlouisfed.org/series/TOTRESNS). They is not much of a decrease, which means that the commercial banks are not withdrawing those funds from their accounts at the Fed. + +Bank Reserves make up the monetary base, and the monetary base intersects with the money supply but [they are two distinct different things.](https://en.m.wikipedia.org/wiki/Monetary_base) + +Which makes me return to my theory that because the new money created doesn't enter the economy or money supply immediately as in the case with monetary financing. It's the reason why QE doesn't cause hyperinflation. + +I would like to hear your thoughts on this theory and perhaps an answer to the question? + +Thanks. + + +An article that talks about monetary financing: +https://www.economicsobservatory.com/monetary-financing-it-happening-and-what-are-dangers +Tl;dr - Sharing a copy of my [Budget tracking system](https://github.com/sammitjain/budget-tracker) which uses Google Sheets + Google Forms. Sheets keeps track, runs the backend and shows me a Dashboard, and Forms lets me fill in the sheet in a much more user friendly manner. The form sits on my phone as a homescreen shortcut, so it's much more intuitive than opening up a spreadsheet to fill in my expenses. + +Sample images + +* [Google Form Mobile UX for Expense Tracking](https://imgur.com/a/r2oLZnJ) +* [Dashboard on Sheets](https://imgur.com/a/xLKyXMd) +* [Expenses](https://imgur.com/a/ydfxXPl) and [Income](https://imgur.com/a/cryO9OY) sheets +* [Credit Cards](https://imgur.com/a/gyJPXhU) + +Background: + +Almost a year ago on this sub, I had briefly discussed how I manage to track my expenses ([comment#1](https://www.reddit.com/r/IndiaInvestments/comments/pphbgp/comment/hd3y1zr/?utm_source=share&utm_medium=web2x&context=3) and [comment#2](https://www.reddit.com/r/IndiaInvestments/comments/pphbgp/comment/hd8olrp/?utm_source=share&utm_medium=web2x&context=3)). While there is absolutely nothing that is special about this, and many more sophisticated (and polished) solutions exist, I think those comments resonated with a lot of you who reached out for the template. + +So here it is for those of you who wanted to try it. I have my own reasons for sticking to this system for a good couple of years. Every other 3rd party solution/app that I've tried has 2 issues generally + +* Questions around privacy and security of my data +* Lacks customization for some very specific needs + +While I haven't experimented with too many apps (yes, some apps process data locally, and yes some apps have more features than you can count) I personally don't think I'll get the kind of customization I'm looking for. Still open to suggestions on this. + +**Pros of this system:** + +* Highly customizable (add your own categories and sheets for anything you'd like to track - Credit Cards, Big-ticket expenses, Renovation Projects, etc) + * I've gone as far as using it as a diary to note down important stuff sometimes (just enter it as an expense with a 0 amount) which may be too sensitive for my whatsApp chat with myself +* Reasonable level of privacy and security (Your data is only in your Google Drive and nowhere else) +* Pain-free process of filling up expenses via Google Form on phone (much more convenient than sitting with a PC populating a spreadsheet manually) +* Learning how to work with spreadsheets. + +**Cons of this system:** + +* Takes some time to get your own system in place, reach a place where you can track everything you need to. (Hopefully my template can be a starting point) +* Even filling up a form for every expense feels too cumbersome at times. Especially for expenses that happen frequently at regular intervals (I have a partial solution for this). But this is a big disadvantage compared to apps that automatically pick up expenses +* Learning how to work with spreadsheets. + +*This template had been long pending, and I was finally able to share it. Would be happy to get some feedback/suggestions on how to do this even better. Also feel free to message if the sheet doesn't work as expected - I'm no spreadsheet wizard so I'm sure there are issues/edge cases which I haven't encountered yet.* +>If cannabis is legalized for recreational use, the country - which has a population of more than 83million - could become the biggest cannabis market in the world. +> +>**180-page document lays out coalition's legislative priorities for next four years**  +> +>**Contained within it is a pledge to legalize cannabis to be sold in licensed shops** + +[**https://www.dailymail.co.uk/news/article-10238617/Germany-legalise-CANNABIS-countrys-new-coalition-leaders-announce.html**](https://www.dailymail.co.uk/news/article-10238617/Germany-legalise-CANNABIS-countrys-new-coalition-leaders-announce.html) + +What are you thoughts on North American companies with cannabis trade to Germany already in place for medical marijuana, like TLRY? Are they going to up the demand a little more as they legalize, or potentially block them out in favor of German-owned growhouses? +Over the last 5 years or so of my life I've seemed powerless as I've descended headfirst into terrible habits. Crippling anxiety, Isolation, nutritional deficiencies, alcohol problems all compounding to create a lost soul who could not claw himself out on his own. The rabbit hole ended up being bottomless, but the bottom eventually fell out. + +This has resulted in me somehow going full circle. It's gotten so bad that it's snapped me into action. I cannot keep living like the way that I am. Im going to end up either dead, or at the very least severely ill, and financially ruined forever. What started out as stupid minutiae (moderate anxiety and lack of structure) has developed into a nightmare that now rules my life. Theres an aspirant and driven person behind all of this nonsense. I want to get back on the horse. + +Im hoping these writeups can inspire people who are/were like me. A slave to impulse whereby everyday is a struggle to stay on top of obligations. Theres hope for us. + +# 30K to doing OK... by FiscalGenius Month 1 + +I'm a 26 year old from Yorkshire. As I'm writing this I've exhausted every single avenue that I have for credit. For the last few days ive been paying for stuff at LIDL with a huge carrier bag of 1p and 2ps. My monthly income is around £700 a month currently (self employed) which barely covers rent. Bankruptcy is certainly on the table but I'm going to try and forget about that and just start working hard and see what happens over the next few months. + +My work is self-employed. I make media online. This means that realistically if I up my hours I should be able to drastically increase my income. I barely clock in any hours a week because of reasons unknown. I have severe anhedonia which I struggle with daily. Ive quit the drink etc living as healthy as possible to try to combat this but I still get no motivation to do anything and nothing is pleasurable. Im constantly stressed and anxious. I dont know what relaxation or contentment means anymore... + +# Finances + +This is what my finances are looking like as of May 2021 + +**Assets** +Current Account 1: (£2049) +Current account 2: £0.23 + + +**Credits** +Amex: 6337.16 +Paypal credit: 4499.16 +Loan 1: 793.23 +Loan 2: 1394.88 +Loan 3: 4500 +electric bill: 177.03 +internet bill: 180 +water bill: 331.08 +council tax: 112.84 +Bailiff council tax: 1300 +HMRC: \~7500 +rent arrears: 610 +Defaulted bank account: 1105.35 +University fee (year I dropped out): 4935 +Student loans: 47294.67 +**Debt without student loan: £33,776** +**Debt with student loan: £81,070** + +# My plan of attack + +The next year of my life is going to be focused on Fitness, diet, and building up a business. I am currently normal weight obese (AKA Skinnyfat) where Im a normal weight but high bodyfat and completely sedentary. That in conjunction with a terrible diet has no doubt contributed to my depression. + +As previously mentioned I'm going to try and forget about bankruptcy etc and just work as hard as I can until I either gain a foothold on my finances or have to declare bankruptcy. I will be speaking with a debt advisor soon (Im going to apply for the breathing space scheme which offers 2 months freedom from creditors). Now heres the fun part. My aim is to start a new youtube channel over the course of a year which will become my primary income source. + +A big chunk of my income is from YouTube but my channels are performing very bad due to my depression. Therefore, I want to pivot into a new niche by starting a channel about 'self-improvement' or at least my experience to maybe inspire others who arent doing too good mentally. I'll be posting the stats and general sentiments of starting a youtube channel from scratch with the analytics and money earned, sponsorship opportunities etc, subscribers earned etc. I have thought of a very good niche idea so I think I can make it work. Provided I turn my life around. + +I will be graphing my earnings overtime when I get a good dataset of a few months. The goal is to hit £0 net worth. If I have to go bankrupt I'll document that process instead. If anyone wants to provide advice and such It'd be much appreciated + +# GOALS + +Each month I'll set some general goals that I can reflect on in the next monthly post. The aim is to gauge if I'm staying on track or not. My goals for month 1 are: + +* Create video 1 for the New youtube channel +* Walk 1 hour everyday +* Increase earnings from approx £700 a month to £1000 a month (shouldnt be too hard) +* Work on average 3 hours a day. (sounds pathetic but I currently clock almost 0) +* Track work using POMODORO Technique. (this will allow me to accurately track how much concentrated work I put into my business as well as having optimal breaks) + +And thats it. Increase work, increase health. Stay grounded in reality with a lot of time outdoors. + +I hope these monthly writeups are allowed here. Perhaps itll be interesting to see the perspective of someone who has hit rock bottom. Month 2 will be posted on the 25th of June. I'll be including info about my debt advice for my situation when I contact professional debt advice. (and yes the username is ironic lol) +I noticed more and more people over the years in the UK wanting to acquire many properties to rent out. I can’t really wrap my head around it. There’s a unique obsession that I can’t really explain. These are just average everyday people too. + +Interested to know why? + +Mods please let me know if this post breaches any rules. +I got a job! I’ve been unemployed for about a month and half and have been living off of my savings until I finally got a call back and finished my training! Happy new Year! + +Edit: Thanks for all the comments! Didn’t realize this post would get attention lol and also thanks for the award! +All small saving scheme including PPF and Sukanya rates have been slashed. + + +[Bad News! PPF, NSC, SCSS, other Post Office Schemes interest rate slashed by up to 1.4%; Check details](https://www.financialexpress.com/money/small-savings-scheme-interest-rate-cut-check-post-office-savings-scheme-2020/1915223/) +Hypothetical: if every country saw a 5% inflation rate, wouldn't that just even out? I understand that inflation rates varies wildly from country to country right now - and that countries whom are doing better have lower inflation - but could it be possible to look at inflationrate instead? Like if everyones down 5%, it wouldn't affect import/export - except for the usual global supply and demand. +Per title, I won the $5,000 prize and could obviously use the cash. I provided two pictures below. The ONLY fine print on the entire mailer is in one of the pictures I included. Can they really get away with not handing me $5,000 if they don't attach strings in the fine print? Or did they attach strings and I didn't realize it? + +[Mailer Pictures](http://imgur.com/a/Zlpt6) +My wife and I work in the same industry in Melbourne and earn good money with our combined incomes being ~$310k and we have a ~$850k mortgage. + +Our two children are in a good public primary school but the nearby public secondary schools have very low academic ratings. + +We are considering private schools for our kids from high school but the $35k/year each is a significant hurdle when looking at our budget and, with our incomes, we can’t figure out how people can actually afford to send kids to private schools? Looking at the costs, at $70k/year for two kids (after tax) the first ~$120k of one of our salaries would go purely to school fees before mortgage and cost of living is factored in. + +From people’s experience, are private school fees typically paid via: +- grandparent contributions/payment, +- using equity to increase mortgages by $300k-$400k which is held in an offset account and drawn down on each year, or +- budgeting in a manner that the parent’s incomes can accomodate the payment each year? +> I created a new profile to remain anonymous. + +> I recently learned I am a beneficiary in my grandmother's will. The total amount may end up being around 100k, but at this point it is unknown. The thing is, I'm unsure of who I should share this information as well as the money with. My father has already passed away, which made me, not my mother, the next in line as a beneficiary. I am currently using loans and my work income to pay for my way through college, so this money would be very helpful in minimizing the debt i would have by the time i finish. + +> As background financial info of my family: + +> + +> - My mother does not have a lot of money and could use some financial help fixing her car and possibly other things. + +> - My step father is in the same situation, but would have less need for financial help + +> - My sister (who is not a beneficiary) is also in college and accumulating a few thousand each year in loan debt. +> +> Ultimately, i feel undeserving of the money, and i don't know what to do. I feel like I should help my sister and mother out, but I dont know what is appropriate. I think I would be happy if I could fix any car or house problems my mother has as well as make it so my sister doesn't need to take out school loans. +> Would it be better in a retirement account that i pretend isn't there? +> +> Can you please help me /r/personalfinance ? +> Thank you in advance for any advice you can give. +>edit:formatting +>edit2: I am reading through all of the comments now, but i wanted to thank you all for taking the time to respond. This subreddit is wonderful for getting out most everything on the table for you to consider. I would like to respond more, but I prefer to not give out any more identifying details. +Money and families don't mix well in my opinion. It seems that distributing may make the most sense for my conscience, but that may also water down what I see as a great opportunity for us all. I'll have to think about this slme more. +Thank you again everyone! I appreciate the help very much. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! +i am tired of ppl that are usaully either married to money or use daddies money, tell me "mAKe cOfFee at home" or sell extra crap on ebay etc, this stuff wont do a dang thing untill your main job pays well. i am tired of ppl trying to tell me different. being frugal helps but wont turn your finances around +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 a large shift for UK telecoms, Erickson, Samsung, Nokia, and Qualcomm. These companies will have until 2027 to remove and replace all 5g transmission equipment. + +Likely it could trigger more trade tensions between China and the west going into the election. + +This will benefit revenue growth for the above companies for a long time. +Seriously, it crossed my mind "if it goes to 1k and I know it's going to drop I can get more shares". Then I thought this is what they want. + +Buy, hold, not financial advice. + +Peace and love! + +Edit: A few people are commenting a fake squeeze could kill them. It certainly could! I'm not saying will or won't happen 💁 +My parents asked me out of curiosity, how much I paid for tax and it was around 45K because this includes both tax and HECS. They tried to lecture me about investment properties (residential and commercial) and how to write off the interest paid, and many other ways to reduce tax. You can say that the difference between my parents and me is that while they worry about how to reduce tax, I figure out ways to increase my income. Their advice was unsolicited but I was wondering if I was being hard-headed and want to know what other people's view was on this topic? + +I'm personally not a fan of accruing debt to make more money and I don't want to put in more effort into my assets than to log in to a brokerage account, click a few buttons, purchase my asset, set and forget, rinse and repeat. I have better things to do with my life than to worry about minimising how much I pay in tax. As some people on AusFinance and FIAustralia put it, paying more tax is a privilege for those who earn a lot. + +My parents have owned multiple properties valued at over a million dollars, operated their own businesses and found many ways to pay less/minimal taxes, and they're trying to teach me their ways, I get it. However, they're also the people who had so much debt, during the '08 crisis, they lost all of their businesses, lost all of their houses, got buried by their debt and went bankrupt. They've also lost about 100K in stocks and tells me that my money isn't safe, the same people who lost millions doing IPs and commercial properties... Being a child growing up in such a household, filled with domestic violence and parents riddled with mental health conditions, traumatised is an understatement. The life lesson I learned here from a young age was to not get into debt, being too invested in money will destroy my life and just enjoy doing what you do and the money will just follow (if you do what you love then you will want to do more of it and if you're paid to do it then the byproduct is more money). +Hi everyone, + +I'm a producer for the TV show, SBS Insight. We're working on an episode about Inheritance - I'm curious to know people's perspectives on this topic. + +**- Are you expecting NOT to receive much of an inheritance?** Perhaps your family isn't well off, or are planning to spend all their money? + +Or the opposite... + +**- Are you expecting to receive a large inheritance?** How does this affect your outlook on life and the choices you make? + +And **have you thought about your own legacy and what inheritance you'll be leaving?** + +If you're interested in having a chat (and potentially speaking on TV), free to message me or leave a comment! Happy to answer any queries. + +Thanks so much for reading - have a lovely day. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I am in my 50's and have worked in 5 different companies of all sizes. mostly law firms. + +I also had a small business at some point. Reached fatfire (9m liquid) in January and quit. + +after Fire , I had lot of things to ponder. one of them is my own mindset and why it drove me to spend all these years trying to escape the treadmill. many of my friends are still working. + +According to my limited observation throughout my career, majority of people in the society who chase "fat money" are chasing so that they can enjoy the luxuries that the money provides. They are not looking to get out of the race and nor are they looking for the freedom that money provides. + +There is only a minority of people like us in these FIRE forums who are chasing it for the freedom it provides. Not everyone is trying to escape the treadmill. many don't like to be on the treadmill but its not like they hate it and are constantly thinking about it. At least they are not as desperate as us who are in the FIRE community. They are not spending years trying to get out and therefore there must be a reason why they are not aiming for FIRE. maybe ....just maybe, they are ok with the rat race ! + +Are the few who are desperate to escape the treadmill , misfits in a work culture designed for the majority ? +I feel this is the highest quality sub and am always looking for more feedback from those who know more than me. Is this something we’ve done before in these parts? +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 :) +Why is this so damn difficult? 10/15 multi-family listings I reviewed this morning failed to include rental income information of any type. + +* Great photos: Check +* Utility costs: Check +* General expenses: Check +* Unit breakdown: Check +* Taxes: Check +* HVAC info: Check +* Entirely too high asking price: Check +* Rent Roll: NOPE + +Why must is be like this? +Take r/CryptoMoonShots for example. This one of the Top-Posts. I censorded the coins so ppl don't get sucked in. + +https://preview.redd.it/ovpfg9o1tgw61.png?width=1116&format=png&auto=webp&s=eccabd50708ffec7a95c88c5a420349874277ac0 + +950 Upvotes and a shitload of awards. Was on the frontpage. The comments? Literally everyone is saying it's a shitcoin. So why is it awarded that much? **Bots.** There is so much to make in this market if you are a scammer, that buying bots and letting them guild and upvote your post is worth it. + +Also the flair: Everyone can post that "solid fundamentals" flair. Even better: There are only 4 flairs of which 2 are "solid fundamentals" so if you don't tag your coin yourself as shitcoin it's basically automatically a coin with "solid fundamentals". The sub is inherrent trash. + +**Stay the fuckt out of Moonshot subreddits/Discordservers. Don't believe a word you read there. You WILL get scammed otherwise.** +With the many ETH dapps heading into live versions on ETH main chain the attention by the media is inevitable. I can already see the headlines coming once a few dapps go viral. "Ethereum - The New Bitcoin" or Ethereum - The Smarter Bitcoin". With the ETH Futures and ETF on the way and Coinbase about to add some ERC-20 tokens (both confirmed). There's a mountain of attention heading Ethereum's way. What will you do when ETH hits $10,000? +"If GME hits $73,000,000 by next century I will cut off my left nut" + +No one gives a fuck, just do the thing. Stop flooding the subreddit with garbage. You are not original, cool or funny. I REALLY don't get why people upvote these. Comments are fine but these posts only drown out other good content here. + +Inb4 a billion downvotes so might as well turn off replies to inbox +Last year I enlisted the help of a financial advisor who works on behalf a large wealth management company to invest some money for me. + +I transferred £20k for 19-20 tax year in March, and a further £20k early April in order to utilise my allowance. + +We discussed the potential returns as the stock market was down due to COVID. I said I want to invest it all in medium to high risk investments, in order to maximise my potential returns. Unfortunately my financial advisor appears to be having a few issues in his private life, I have received a few letters informing me of this and saying he will be in touch shortly to catch up regarding the investments, I’ve finally got hold of him and wondering what to say as I have received the annual statement and only the first payment was invested as we agreed, but the second is in the account as “cash”. The initial money that has been invested in up 25%, whereas the cash has remained the same as my initial payment. + +This is not what we agreed and paid a 5% set up fee for, not to mention the £500 annual fee. + +I feel like I have not received the service I was sold. My initial payment has increased by 25% so I would expect the same considering there was only 1-2 weeks between the two payments. + +I just wondered where I stand, does this count an “mis-selling” as I have not received the service I paid for? I am due to speak to the financial advisor this week, they may have a good reason as to why they have done this, but I have my doubts. + +Any help or information on how to go about structuring my complaint would be greatly appreciated. +At the beginning of the pandemic, I lost my job. I was unemployed for awhile and with no unemployment checks coming in for literal months, I drained a lot of my savings trying to stay afloat. (Those checks did eventually come in, but a mass majority of them went towards paying off debt that I had accumulated to afford the cost of living in the meantime.) + +I job hunted for five months before accepting a position that paid less than my pre-pandemic job(s) did and have been struggling to financially survive this past year in between health issues, my car breaking down and having to buy a new one and paying for some significant repairs to my fiancé’s car as well. We also bought a house right at the start of the pandemic (not knowing how brutal it was all going to be, we had been house hunting for a year prior) and so home repairs were huge hits to the budget as well. In the past month alone, we’ve had to take out a home improvement loan due to finding mold that needs treating and repairing our ceiling from some recent significant water damage. + +I don’t regret taking the job that I did because I absolutely love it and the people that I work for are incredible, but I have had to pick up a lot of side gigs to make ends meet. It’s been tough to be a full time student and working 50+ hours per week just to survive. The pressure has been real. + +Well, after I knew that the contract for my current job would be ending, I started the job hunt again and have been on the hunt for another five or six months now. But I finally got a job offer starting next month that is increasing my income by about 50%. I am over the moon!!! I won’t have to work side gigs to pay bills anymore and paying off our debt and increasing our savings again will again be possible. I am hugely relieved! +Day one ape here. Seems like there’s been a lot of controversy on Superstonk again with Gherkin getting banned(?) and also issue with some Mods. + +I just want to say to my fellow apes and future moon friends. + +All we have to do is BUY, DRS, HODL. + +Everything else is filler. +TA is filler that continues to show us the price isn’t real. +DD is really really good filler that sheds light on the market we’re invested in. + +Superstonk drama isn’t real. +No amount of mods that have sold out and caused drama, or TA analysts that have taken advantage of people, or DD writers that step down… + +No amount of any of that useless filler, is going to stop me from BUY, DRS, HODL. + +This is a long bumpy ride. +Zen up. +Essel Infra NCD of 616 Cr valued at just 92 Cr by Franklin AMC has defaulted. + +As per the article in Business Standard, "The NCDs issued by Essel Infraprojects are backed by a pledge of listed shares of Zee Entertainment, Dish TV, unlisted shares of Essel Infraprojects, personal guarantee of Essel group chairman Subhash Chandra and corporate guarantee." Therefore value of pledge assets is more than NCD. + +https://www.business-standard.com/article/markets/franklin-mf-sees-rs-616-cr-default-from-essel-infra-in-four-schemes-120052300526_1.html + +In my opinion, Franklin should recover all the 616 Cr from Essel Infra even if they have to get Subhash Chandra Rajya Sabha Member Salary. If they are failed to do so, I think Franklin is in cahoots with debt bond companies and getting kickbacks. + +What are your opinion +I was curious what disposal method fidelity was using for my transactions so I asked the robot assistant if fidelity uses first in first out method for shares, which means the first shares of a stock you owned are the ones that it sells, which doesn't necessarily end up with you paying the lowest amount of taxes which is, to me, about the only thing someone would care about with this sort of deal. + +So what I did was switched to a new algorithm they have, called tax sensitive, which figures out what share or shares you would have to sell in order to have the lowest hit on your taxes owed. I'm not a big trader but I do rebalance my asset allocation a few times a year. + +It's under accounts and trade, update accounts and features, and the cost basis option on the left will guide you to all the choices you have. + +EDIT: IF on PC its under account features, brokerage and trading, then cost basis. +There is a lot of financial advice about how to increase your income, how to make your spending more efficient, how to invest, how to mitigate taxes, etc. But it seems most bloggers and even most forum discussions underplay probably the most important step of all - finding a partner who is: + +- intelligent +- financially responsible +- has similar spending/saving goals to you +- is willing to communicate about finances +- can learn from you about things that you're good at +- can teach you things that he or she is good at + +If you think of life as a game, improving your own investing acumen might be +30% skill points...but finding a great partner would be +100% skill points. + +This is not to say - I shouldn't have to even mention this but I will anyway because it's reddit - that you should marry for money, or that financial intelligence is more important than love, empathy, etc. Simply that all things being equal (e.g. you can pick from partners who are all decently attractive, nice people with compatibilities), the importance of financial compatibility is often underplayed. + +Agree/disagree? +I’m looking to share a project with yourselves that I’ve been a part of since day 1. For a bit of background here, SHEESH has been started as a joke’ by a social media influencer Aaron Doh. As it quickly gained significantly more traction than expected, Aaron decided to turn it into a serious project assembling a team of +20 to work on every possible area ranging from Admins/Mods, Dev, Design, Strategy & Promotion. + +Dev: Aaron Doh - Followers: TikTok 5.7M, YouTube 400k, Twitter 300k, Instagram 500k + +https://www.tiktok.com/@aarondoh + +Before I go on to expand on why this genuinely is the next big thing, as well as the potential risks & downsides I will obviously advise everyone to DYOR - feel free to join the Telegram (2k) to ask questions about the project as we have an extremely welcoming community - https://t.me/sheeshtokenchat + +The dev is a big influencer, with his entire senior team being publicly doxxed on the SHEESH whitepaper: https://sheeshtoken.com/whitepaper.pdf - I think it’s pretty clear the odds of him risking his whole public career which he spent 6 years building to scam a few random people on the internet, or even pump & dump his fans is simply not there. The project has genuine long-term potential which Aaron is intending to use his social media reach to promote with the first official influencer having been onboarded: + +Spice King - Followers: TikTok 12M, YouTube 230k, Instagram 113k + +https://www.tiktok.com/@spicekingcam + +https://direct.me/spicekingcam + +This brings us onto both further marketing plans as well as roadmap for the project. SHEESH Token will be used for: + + 1. It will be a link between the gaming world – both competitive/entertainment and crypto. This will include competitions and tournaments, with the first Rocket League tournament last Friday having been a huge success + 2. It will be used as an influencer community engagement token – think giveaways, merchandise sales, fan engagement, NFTs, etc +Due to SHEESH being strongly intertwined with the world of influencers the medium-term marketing strategy is mainly driven through social media partnerships. Aaron is currently in talks with multiple influencers, both content creators as well as influencers specifically in the crypto space. + +Aside from marketing what is currently being worked on is redesign of the website & branding. The team has recently deployed a number of graphic designers to ensure everything looks & runs more slick than it does already. CoinMarketCap & CoinGecko have both been submitted with CMC requiring some minor changes while CG is expected to be finalized anytime soon! + +I’m not going to blindly shill you this project, considering I clearly have money in it and it’s in my best interest for you to join in. Here are potential ‘risks’ or what would have to happen for this to not be a success: + + 1. If the ‘Real Use Case’ will not be successfully implemented, hence ‘non-trading’ related traffic will not use the token and it can only grow off hype (ie. Like Safemoon or Doge). + 2. Aaron & the team not being able to generate enough hype/marketing through their network of influencers and partnership deals. +Assessing the likelihood of either of those failing is on you as the investor, so again I urge you to DYOR before throwing in any money. Also please don’t invest anything you don’t afford to lose. + +….now onto the fun stuff. + +HOW TO BUY: + +Never follow any Pancake links of random Redditors! + +Go on the website https://sheeshtoken.com/ and follow their official links there! There is also a quick guide on how to buy. + +LINKS: + +Ø Contract: https://bscscan.com/token/0x7e5d52c3335c91af0da392bea4bb9e43f2aba62c + +Ø Telegram: https://t.me/sheeshtokenchat + +Ø Discord: https://discord.gg/Ssq8MdwQ2w + +Ø Token Twitter: https://twitter.com/SheeshToken + +Ø Token Website: https://www.sheeshtoken.com/ + +Ø Roadmap: https://i.imgur.com/Rm0bTIs.png + +Ø White paper: https://sheeshtoken.com/sheesh.pdf + +Ø Bogged chart: https://charts.bogged.finance/?token=0x7E5d52C3335C91Af0da392BEa4BB9e43F2AbA62C + +Ø Liquidity locked: https://unicrypt.network/amm/pancake/pair/0x83f4c453b766a97E9467D6376B2419a47B082958 + +Ø Subreddit: /r/SheeshToken/ + +Ø Twitch: https://www.twitch.tv/sheeshtoken?sr=a + +I feel super confident about this project and I hope you like it too. What convinced me to buy was low market cap and that he has loads of followers on Twitter, TikTok and YouTube. Talks are on going with a number of crypto influencers to come on board soon, and then the sky is the limit. Don't miss out, this is the best opportunity to get into a massive project early. There is an AMA today with Aaron live on Twitch at 4pm Central Time, and a huge rebranding of the website, logo and updated whitepaper being released very soon! +This post is to get us started in understanding and eventually influencing the proposed rule to place restrictions on DTCC governance. Just a nice walkthrough of what's the rule, why is it a big thing, etc. + +My previous posts on this: + +**The DTCC fighting external governance 2012-2016:** Superstonk/comments/wmhz6q/i\_started\_digging\_into\_the\_new\_dtcc\_loses\_its/?utm\_source=share&utm\_medium=web2x&context=3 + +**Hester Peirce fighting this rule right now:** Superstonk/comments/wmi4f6/hester\_peirce\_is\_mad\_about\_the\_new\_dtcc\_loses\_its/?utm\_source=share&utm\_medium=web2x&context=3 + +# TLDR + + On August 8th the SEC proposed a new rule, *"Clearing Agency Governance and Conflicts of Interest"*. This rule would force a majority of the DTCC's board to be independent and not have conflicts of interest with the corporation. Among other things it would empower us to find conflicts of interest in DTCC board members and report them to the authorities. These are good things. Curtailing the DTCC's "do whatever the fuck I want" status is a good thing. BUT, it does not go far enough. So, we can do two things: (1) we can show up in the comments and provide thousands of well-written arguments against what the DTCC wants, and (2) we can push for the rule to be strengthened. The core mission here is stop the DTCC from getting what it wants; the core mission is to make them feel our influence. \*We are here, and you don't get to do whatever you want any longer.\* + +The rule is long and complicated but we can ELIA it and then distill talking points for easy commenting. This post is the first in a series about the new DTCC rule that ratchets back its self-regulatory ability and will culminate in a post with everything you need to comment well on this rule. + +That said, this rule is big and has a lot of things in it. If we work together (apes together strong, after all), we can do a lot more. + +It is time to earn some wrinkles, my dudes. + +# What is this rule, anyway? + +The rule is called Clearing Agency Governance and Conflicts of Interest. The proposal caused a bit of a stir at first: + +https://preview.redd.it/60v3kkwexfj91.png?width=1080&format=png&auto=webp&s=1da0b34eb4218318e952046dc088f7149c089cba + +And it appears to be happening because of what happened to us: + +https://preview.redd.it/sy9q5tfbyfj91.png?width=722&format=png&auto=webp&s=fb6636f00c849a4dc04b72b4116f28be1862bcdd + +Here is the SEC's TLDR: + +https://preview.redd.it/04ye6ek5wfj91.png?width=899&format=png&auto=webp&s=954d10579f38c783f60dd5a1130d28b61868b43a + +What is a registered clearing agency, you ask? Here they are: + +&#x200B; + +https://preview.redd.it/5q9iak743gj91.png?width=615&format=png&auto=webp&s=719629c9c200b1bb1e13176ad4a0248f2c36911b + +TLDR FACT SHEET (2 pages): [https://www.sec.gov/files/34-95431-fact-sheet\_0.pdf](https://www.sec.gov/files/34-95431-fact-sheet_0.pdf) + +PRESS RELEASE: [https://www.sec.gov/news/press-release/2022-138](https://www.sec.gov/news/press-release/2022-138) + +RULE TEXT (174 pages): [https://www.sec.gov/rules/proposed/2022/34-95431.pdf](https://www.sec.gov/rules/proposed/2022/34-95431.pdf) + +&#x200B; + +This rule is a beast, so we will go through it one piece at a time. I have it printed: + +[LFG](https://preview.redd.it/ai64s4yzxfj91.png?width=582&format=png&auto=webp&s=26d6cb02d1b3e0f8fce5c894f31d1146ffd0e6d2) + +&#x200B; + +# What does this rule do, anyway? + +The rule says "you can't just put whoever you want on the board any more", and has a lot of changes to the way the organization is governed. + +The big ticket item is requiring the board to be majority independent. The other big thing is the "no more conflicts of interest" angle... we will have to figure out how many board members of the DTCC *currently* have conflicts of interest to see who would get immediately cut if this rule passes as-is. + +For any ape who wants to see which board members will get cut by this rule, here's the list... [https://www.dtcc.com/about/leadership/board](https://www.dtcc.com/about/leadership/board) + +A minimum of 34% will have to be independent, so that potentially means a lot of those people would be gone. Who will it be? Who will we report for conflicts of interest? + +&#x200B; + +**The Main Points** + +The first point seems desirable but may have a loophole in it: the majority on the board must be independent (yay!) unless... something to do with the voting rights and the shareholders of the DTCC. I don't know what these "participants" mean, so let's jot that term down for later. + +[Is a broker a participant? That doesn't seem right. Independent majority seems right.](https://preview.redd.it/vhf3qwd00gj91.png?width=793&format=png&auto=webp&s=94d8eab7e4098d92fe809cba6bebe06b9cd7b98b) + +&#x200B; + +Next, we have requirements for who gets to nominate people for the board. This seems like something we will want input about. + +[Who gets to decide who governs the DTCC?](https://preview.redd.it/85zisjih0gj91.png?width=808&format=png&auto=webp&s=0e089f85c6086d1a4773370b513402f7b48e6bcd) + +&#x200B; + +The third part of the rule is about the 'risk management committee', which must be the part that is completely fucking failing with rampant FTDs and apocalyptic systemic risk. Very relevant to GameStop. + +[What should this committee do? How should the DTCC manage its risk? I'll bet Trimbath has a few ideas.](https://preview.redd.it/0yx6ge9p0gj91.png?width=814&format=png&auto=webp&s=fe27faceb1a320081b95423de31506240c34de85) + +&#x200B; + +Fourth, we see requirements about identifying, mitigating, eliminating, and documenting conflicts of interest. There is a 100% chance the DTCC will want to write these themselves, so let's not let them do that. + +[You don't get to decide if you have a conflict of interest bro](https://preview.redd.it/eme08ghf1gj91.png?width=814&format=png&auto=webp&s=98eddb2a6f5d23b5023fc624ae52c155bf8a16f8) + +&#x200B; + +Fifth, we see policies and procedures that require directors to report potential conflicts of interest "promptly". This is a place we can insert ourselves into the process: we are good at looking up board members and finding conflicts of interest. We will want a process through which we can use our DD to burn away conflicts of interest when they inevitably arise. + +[\\"Promptly\\" is a lawyer word... the DTCC will probably want that out. ](https://preview.redd.it/lr8kooen1gj91.png?width=797&format=png&auto=webp&s=0a27f3d9752b1ea6ffb79c25bd24bb606b1ce359) + +&#x200B; + +Sixth, we have something I don't understand yet - "providers for critical services". Let's jot that down for later. Is this Citadel? + +[So many policies and procedures. Necessary but insufficient!](https://preview.redd.it/41nacm0y1gj91.png?width=776&format=png&auto=webp&s=4f66c61208dc3fc0b3f92bd08fef9452660e40af) + +&#x200B; + +And finally, we have a requirement to solicit, consider, and document the DTCC's "consideration of the views" it receives about its governance and operations. I would want a public record of problems, and I hope "other relevant stakeholders" includes "everyone who uses the markets that are at the DTCC's mercy". So let's jot that down, and see if that is what this means. If it isn't in the rule, we should put it there. + +[Are the people who get fucked by the DTCC \\"stakeholders\\"? If not... why the fuck not?!](https://preview.redd.it/313660q32gj91.png?width=776&format=png&auto=webp&s=a3cc780034286f1aae0caaddb40cc631aeefd8b7) + +# + +# The Actual Introduction + +Can you believe we aren't even at the introduction yet? LOL + +I'll save you wading through all the jibber-jabber about how great this rule is, because we have our own priorities. The first big point is, I think, when they start talking about the existing rules governing clearing agencies: + +*"...the Commission adopted a series of clearing agency governance requirements. In 2012, the Commission adopted a general governance rule for all registered clearing agencies (that are not covered clearing agencies) under Rule 17Ad-22(d). In 2016, the Commission adopted a governance rule under Rule 17Ad-22(e) as part of its heightened standards for covered clearing agencies, defined as a registered clearing agency that provides the services of a central counterparty or central securities depository.* ***The Commission took a broad, principles-based approach in the design of both rules, and emphasized that governance remains an area of continued consideration and interest, with the goal of establishing an evolving regulatory framework for clearing agencies.****"* + +Focus on the bold part. Translated, this means "we were super vague and didn't do much at the time, but we said we'd work on it some more later on", aka "we let the clearing agencies reduce these rules to jack and shit and kicked the regulatory can down the road". + +I covered some of these rule comment shenanigans in a previous post Superstonk/comments/wmhz6q/i\_started\_digging\_into\_the\_new\_dtcc\_loses\_its/?utm\_source=share&utm\_medium=web2x&context=3 + +...and this is referenced again near the end of the intro, on pg 10: + +[page 10](https://preview.redd.it/xy4gbrvs3gj91.png?width=804&format=png&auto=webp&s=4a9c12e90ec203deb64b4ba0119eb2f48142fcc5) + +Back in 2016, the SEC passed the first set of rules setting out standards for clearing agencies. The clearing agencies, of course, were all up in those comments arguing strongly to weaken the rule. They succeeded, and the standards and rules governing them were watered down. This is what is meant by "broad and principles-based": the rules were made vague and non-binding. The SEC says it intends this time to be different. Now we have more concrete rules. OK, let's push. We'll see ... and make sure things are strengthened rather than diluted. + +The next important thing comes just after: + +*"...the rules are designed to take a* ***multi-layered approach*** *to governance in that one rule alone would not necessarily capture and address an issue relating to governance; each of the different rules proposed today would provide one additional mitigation layer to help ensure that registered clearing agencies are designed, managed, and operated under a robust governance framework to protect investors and the public interest and help promote the prompt and accurate clearance and settlement of securities transactions."* + +Critically: + +https://preview.redd.it/3gj1ldii4gj91.png?width=834&format=png&auto=webp&s=b515265bc9a6b34795957c075584c027224cff43 + +This phrasing, to me, seems important for one reason: it is a place for lobbyists to insert themselves in the process. They can argue that the *other* "mitigation layers" (parts of the rule) do the job just fine, but *this one* (whatever they want to remove) is unnecessary. Each layer is good "by itself", right? + +&#x200B; + +# The Upshot + +The DTCC and other clearing agencies are facing increased governance and independent oversight. They will fight it to keep things the way they are. We can support this rule, enhance it, and push back in a very public way. The next post I write will probably be in the "Know Your Opponent" style. We know what the big boys said last time they were threatened with regulation, and we know what Hester Peirce is saying now. Examining those lines of attack will help us frame our own arguments to support and change this rule. + +Keeping educating yourself, keep reading, stay mad, stay motivated. I'll be making other posts as we go. This will take time... but then, all the best things do. Showing up and doing something the DTCC really feels will be an important step forward. A good brick. +Looking for like minded individuals with a similar style of trading to bounce ideas off consistently. + +Come up with plans, tickers to follow, learn, vent, review trades, trade the same names etc + +I have been trading for about six months. I'm starting to make some strides here and there but am far from where I want to be. + +At the moment I check what's moving in the morning and come up with levels that I like and go from there. Besides that I follow a handful of tickers that may turn into long term holds. I'd like to start trading a revolving door of the same names and less bouncing around. + +Feel free to DM me. + +All levels welcome. + +&#x200B; + +EDIT: I have gotten an overwhelming response from this post. And messages about what meme stocks to buy tmrw. Too much for me to sift through in this moment. I'm going to take some time over the weekend to figure things out. I'll keep you posted. +You know sometimes you just randomly scroll on posts in this sub. A lot of people in these comments are so angry, why? + +Someone didn't share analysis or enough data that convinces you they're worth your precious time, why should you be a weiner? You could just ignore the freaking post or remind them it's against the rules to post charts without substance or analysis that opens up discussion or whatever the case may be. + +Lots of salty traders here man. I understand we deal with money and losing it induces a lot of feelings, just as well as making it pumps your brain with ecstasy but this sub isn't a place to take out your frustrations. This isn't your mom's basement where you say who gets to come in or go. + +Please, like the other gentleman posted yesterday, we need more quality in this sub and that goes for anyone. + +Regards! +Upon death, the current tax rate is 50% on joint-filers on anything over 23 million (approx). On my 25th million dollars I would be taxed at say 40% when I earn it leaving 600,000 to add to my estate. Then at death I would then be taxed 50% (300,000) leaving 300,000 to pass on to my children. In other words all efforts past the sheltered amount of 23mm are effectively only going to benefit your family by only about 30%. My question (assuming the above understanding is accurate) is first, how do you all navigate and plan for this future certainty, and second is there really any incentive to continue after hitting that amount of 23MM (which Im sure will change as time goes on-and probably not for our benefit)? +[Disclaimer: I have no idea what I am doing. I like graphs that go up. I like the stock. Not a fincal adiviser. Don't even know how to spell it. Ape since Jan '21 @ 420. Usually I do shitty memes — be gentle with me.](https://i.redd.it/e5esoaj1l3q81.gif) + +I was just looking at the OBV (On-Balance Volume indicator) for my beloved GME. I noticed that after a long, quite flat line, it has grown of late. + +[Up we go.](https://preview.redd.it/k32a23kdh3q81.png?width=426&format=png&auto=webp&s=3436cc7800aa196e07c31183904e3a8597d99e15) + +But everything is relative, so I zoomed out: + +[Zoomin' to pre-Jan '21 Sneeze](https://preview.redd.it/pmum7oaoh3q81.png?width=695&format=png&auto=webp&s=b878fac4c110756dacba9cc01ad2711de592f36a) + +Let's zoom out even more: + +[Steady 2o17-2o2o. Explosion in Jan 21, then steady again.](https://preview.redd.it/tar1y7f3i3q81.png?width=769&format=png&auto=webp&s=0d1d4198e9ccd41a1e69d23b4cd1db90239b0852) + +⚠️ Turns out, the OBV not only high again, it is at its highest ever. 1.429B was the previous height, on June 9th 2o21. As of the last trading day we are now at a new height at 1.456B. ⚠️ + +## What is On-Balance Volume (OBV)? + +According to Investopedia, on-balance volume (OBV) is + +>a technical trading [momentum](https://www.investopedia.com/terms/m/momentum.asp) indicator that uses [volume](https://www.investopedia.com/terms/v/volume.asp) flow to predict changes in stock price. Joseph Granville first developed the OBV metric in the 1963 book *Granville's New Key to Stock Market Profits*.1 +> +>Granville believed that volume was the key force behind markets and designed OBV to project when major moves in the markets would occur based on volume changes. In his book, he described the predictions generated by OBV as "a spring being wound tightly." He believed that when volume increases sharply without a significant change in the stock's price, the price will eventually jump upward or fall downward. + +# Anything else that has gone up of late? + +Yeah - the [borrow rate](https://iborrowdesk.com/report/GME) for shares: + +[It was hovering around 1&#37;, and now it is at over 26&#37;. Source: iborrowdesk](https://preview.redd.it/2kornpjsj3q81.png?width=1087&format=png&auto=webp&s=be653382d5becbf72d0193d475442a3ee4c3d06a) + +MACD is positive again: + +[MacD up - might lead to more buying](https://preview.redd.it/3idorvsgk3q81.png?width=1195&format=png&auto=webp&s=9c76a0e9ad1495a748bf5cf3ea7e36fc3f309e1b) + +>MACD triggers technical signals when it crosses above (to buy) or below (to sell) its signal line. +> +>The speed of crossovers is also taken as a signal of a market is overbought or oversold. +> +>MACD helps investors understand whether the bullish or bearish movement in the price is strengthening or weakening. ([Investopedia](https://www.investopedia.com/terms/m/macd.asp)) + +Oh, lest not forget the price action of late: + +&#x200B; + +[More than 2x in what, 2 weeks.](https://preview.redd.it/2lldw9byl3q81.png?width=539&format=png&auto=webp&s=6c067ad76d23d6ef3b225a14adff2fa7a49ca0c0) + +And of course the volume hasn't been too shabby. Some days the first minutes had a higher volume than some previous days had. + +[Volume is spiking yet again](https://preview.redd.it/opg5d7pwm3q81.png?width=487&format=png&auto=webp&s=9146b41c5327e5a60f39edd9f8c2baaaf58896c5) + +tl;dr: Graphs lookin' good. *To the moon and beyond.* +For anyone interested. Rumors are flying around this Halloween morning that another GME short squeeze is in play. Yahoo Finance has been pumping this up which makes it very odd and I personally think it's a rug pull. I don't believe anything those clowns (Yahoo Finance) have to say on any day of the week so today is no different. Sell your puts or sell your calls, there's theta to be had. + +edit for clarity: Clowns = Yahoo Finance + +https://preview.redd.it/1bcr7jo775x91.png?width=901&format=png&auto=webp&s=bd213f6449b7722faaa9663d025dac6a03d67043 +The two available to me right now are political surveys (hardly anyone picks up) and taking calls for SBA, which is mostly listening and transferring. For a second job, it’s pretty sweet. The hours vary, some go as late as 11, cst, but it’s sign up for it then work it, not assigned shifts. + +Hope it helps! + +Edit- gotta have a pc and internet. + +Edit - I’m locked out for some reason, I can’t answer questions?!? Maybe dm me? +**Bottom Line: Current Marketcap - $40m, Current Price - $0.042 per million** + +Hello, r/CryptoMoonshots! I’m so excited to make this post today, it’s been an amazing week for FOX Finance and I hope some of you had the chance to get bags early on or when we were in our slump a couple weeks back. We’ve had the opportunity to do our first Charity NFT auction in the last week, minting a unique piece of FOX history and sending contributions to SaveAFox.org. + +A quick note about me: My name is Steve, and I’m an IT executive, hobbyist crypto dev, and have been involved with crypto since the early days of BTC (2012, you can check my post history). As a Fox HODLer I became an admin after 5 days and have been working with our founder, Vojtech Pour, on the development of the FOX platform and growth of our token. + +## Let’s talk about FOX 🦊: + +FOX is a deflationary, self-staking token built on the Binance Smart Chain. Yes, we realize there are a lot of those these days, but each one is different and for the most part accomplishes different goals. So here’s the stats on FOX: with every FOX transaction (purchase, sale, transfer), 6% of the transaction is sent to liquidity and locked over a rolling 48 month window. Another 6% is distributed to all token holders based on their total stake in the FOX Token. Included in this automatic staking mechanism is the Burn Wallet which is an inaccessible, out-of-circulation address. As the burn wallet receives more, it grows in stake and therefore receives a larger share of each transaction. Coupled with a 1T Token Burn each of the first 50 days, this presents a powerful and exponential burn mechanic to ensure both stability and growth of FOX over time. + +After the first 50 days, we will assess the FOX mechanics and determine if further burn is required. However, we also have a secondary burn mechanism in effect, with a goal to consistently keep liquidity at 10% of circulating supply. Any unlocked liquidity above that 10% will also be burned. These principles accomplish a number of key goals: + +1. Reduces day-to-day volatility of the FOX Token’s value +2. Provide a mechanism to award FOX holders simply by having FOX in their wallet +3. Creates financial conditions for exponential growth over time +4. Prevents mistreatment of funds through liquidity locking +5. Ensures increased usage of the FOX token, whether by users or by Fox Finance itself, benefits our investors + +Our goal is to create an ecosystem and community of awareness focused on wildlife conservation through our advocacy platform FOXES IN ACTION. + +Since inception, FOXES IN ACTION have performed multiple advocacy campaigns, rewarding the community for tasks such as planting trees and reducing plastic waste through reusable straws. We’ve virtually adopted several foxes through the World Wildlife Fund and provided other financial donations to worldwide wildlife organizations. + +There are many ways you could categorize the FOX Token, but we prefer to think of it as both a Community and Charity Token. We seek to use our token’s economic power to build greater communities of awareness on the Binance Smart Chain, and to make an impact in the world environment through donations, action, and new and emerging blockchain technologies. + +## On the Subject of Rugs 💰: + +Liquidity is locked: [DeepLock deposits](https://deeplock.io/lock/0x3027AD7781700A03496613377152dBa78C38fa55) + +There have been multiple opportunities for Vojtech (Fox Founder) to pull out funds, but he has steadfastly maintained and proven that Fox is not that kind of project. We want to provide full transparency into our accounts which you can check out on BSCScan using these addresses: + +* FOX Token Contract +0xFAd8E46123D7b4e77496491769C167FF894d2ACB +* FOXNFT Contract +0x55c5ac62262aa1810598e1953578ece74c2857ef +* Marketing Wallet +0x84a7672ba74a5a2712a070ea7cfd0c3c4ffda73b +* Dev Wallet +0xc12faf701d05af1cfabdefc770c3b3c7b59eae10 +* Burn Address +0x0000000000000000000000000000000000000001 +* Liquidity Pool +0x3027ad7781700a03496613377152dba78c38fa55 + +## Roadmap! 📈 : + +Obviously we’ve had a number of CEX’s banging at our door asking if we want to list. The admin team is working hard to ensure that our choice is not simply throwing money at the market trying to get listed wherever we can. We’re actively working on the decision process for our first CEX, and for now our price shows that PancakeSwap and 1Inch are definitely doing the job for us and our investors. But getting listed does not a roadmap make. Let’s look at the projects we have on the horizon: + +**Merchandise Marketplace**: Fox Finance is working with AAA Graphic Designers, Game Artists, and 3D designers to bring amazing, cute, and fun merchandise to the market. This merchandise will primarily take on the form of Non Fungible Tokens (NFTs), digital merchandise minted under Fox’s official ERC721-compliant contract FOXNFT. The Fox Marketplace will be a web3 enabled site hosted on foxfinance.io, and will accept FOX for art, gaming, 3D models, and more. + +**Foxes In Action**: We firmly believe in change through action. We run continuous Foxes In Action events, prompting our community and hopeful FOX holders to perform acts of activism or awareness for the environment. These tasks include things like cleaning up trash, planting trees, using metal straws to reduce plastic waste, and more. For performing these tasks, eligible entries are rewarded in FOX tokens as a way to give back to our community for positive action towards our mission. + +**Trustless Donation Pipeline**: Ultimately, the true value of FOX will come in the form of financial assistance to charities that are working diligently to save our world, usually with only fiat as a payment option. Our goal is to funnel funds from our various events and products as well as stake growth on charity holdings in a completely decentralized manner to charity organizations. This will be accomplished through a series of contracts and partnerships, working with organizations that operate in the blockchain and charities themselves to increase crypto adoption. The Trustless Donation Pipeline is an achievable goal thanks to the power of smart contracts, and will ensure that all charity contributions are trackable from earning to donation on the blockchain without human intervention or fear of misuse. + +**FoxDAO**: The hallmark of a decentralized organization is that even its ongoing decisions are decentralized. To that end, Fox Finance seeks to develop FoxDAO, a Decentralized Autonomous Organization. This set of contracts and dApps will allow us to divest completely from the FOX contract, and utilize voting by stake to make decisions regarding the FOX network. These decisions can include any changeable parameters of the FOX Token Contract, and will ensure a strong decentralized practice based on holder commitment to the platform. + +## Token Info! 💵: + +**Website**: https://foxfinance.io (new site and whitepaper launching tonight) + +**Contract address**: 0xFAd8E46123D7b4e77496491769C167FF894d2ACB + +**Telegram**: https://t.me/foxfinancebsc (>6000 members!) + +**Twitter**: https://twitter.com/foxfinancebsc #FOXINACTION + +**Discord**: https://discord.gg/9XZNnTnhqp + +**bscscan**: https://bscscan.com/token/0xfad8e46123d7b4e77496491769c167ff894d2acb#balances + +**How to Buy**: Pancake - https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfad8e46123d7b4e77496491769c167ff894d2acb (slippage 12-15%) + +1Inch - https://app.1inch.io/#/56/swap/BNB/FOX + +**Chart**: https://charts.bogged.finance/?token=0xfad8e46123d7b4e77496491769c167ff894d2acb + +## Quick Note: +Also, as always, Do Your Own Research. This post is not financial advice, but us wanting to share our token progress and movement with you. Obviously as an admin I’m biased, but I’m also a holder just like many others in our community. It’s an amazing group, with an amazing team, and I think we have an even more amazing future. + +Stay foxy! +https://support.zerodha.com/category/trading-and-markets/trading-faqs/articles/yes-bank-shares-lock-in + +This seems to fly in the face of common sense. WTAF is going on? +This all started when a bunch of us crypto veteran friends were tired of all the influencer and paid ads bullshit and wanted to give back to the community that support us. So we decided to make Cupcake Coin - a community driven project that gives back DIRECTLY to the community - no bullshit advertising or marketing, just straight up rewards. + +So here it is. We done the math. +​ +​**WE'RE GIVING AWAY ROLEX, TESLA AND A LAMBO!!!** + +As always DYOR & NFA + +​ +MARKETCAP GOALS + GIVEAWAY ITEMS + +~~💖500k MC - win: GAMING CHAIR, COOKING MIXER~~ **CLAIMED** + +❤️750k MC - win: 3 x NINTENDO SWITCH + +🧡??? MC - win: 3 x OCULUS VR HEADSET + +💛??? MC - win: $1,000 Gift Card + +💚??? MC - win: PLAYSTATION 5 + +💙??? MC - win: SAMSUNG PHONE + +💜??? MC - win: MACBOOK AIR + +🤎??? MC - win: 5x's $1,000 Gift Card + +💖??? MC - win: SAMSUNG ODYSSEY G9 49" CURVED + +❤️10 mil MC - win: VESPA + +🧡??? MC - win: HIGH END GAMING PC + +💛??? MC - win: DIAMOND INFINITY BAND + +💚??? MC - win: 50 PEOPLE TO WIN 50 TV'S + +💙??? MC - win: 50 PEOPLE TO WIN 50 IPHONES + +💜??? MC - win: ROLEX WATCH + +🤎??? MC - win: TESLA + +💖??? MC - win: LAMBO + +❤️500 mil MC - win: $750,000 in CAKE + +​ + +HOW CAN YOU WIN ALL THESE FANCY PRIZES❓❓❓ + +TO ENTER: https://cupcakecoin.io/giveaway/ + +​ + +All you have to do is: 💰 + +📌 Purchase 1MILLION $CUPCAKE or more in a single transaction. + +📌Every purchase of 1Million $CUPCAKE or more is an automatic entry ticket for all giveaways.🔑 + +📌If you sell any $CUPCAKE you are DISQUALIFIED from all giveaways.💀 + +📌You can purchase as many times as you like. Selling or transferring out of your wallet just 1 single $CUPCAKE will disqualify you. + +📌Contest entries do not expire until we reach 500mil MC + + +How are we going to give this stuff away?? + +👉🏽We need your help!! Tell ALL YOUR FRIENDS!! + +👉🏽SHILL, Like, Repost, Upvote EVERYTHING about $CUPCAKE + +👉🏽Do your part and you will be closer to winning COOL SHIT!!! + +​ + +​ + +​ + +$CUPCAKE is an Automated 🥞 $CAKE rewarding Token! By holding 200,000 Tokens you receive a part of the 7% Reward from the Tax + +​ + +🧁The Icing on Top🧁 + +Marketing is in Progress (CMC & CG Applied) + +Partnered with Shibance + +AMA's are getting Booked as i write this down! + +Cupcake Smash Game (Like CandyCrush) with Weekly winnings of the Top 3 Highscorers in $CAKE + +​ + +🧁The Ingredients🧁 + +Total Supply: 100,000,000,000 + +Team/Partner: Allocation (8%) + +Tokens for Pancake Listing 92,000,000,000 (92%) + +Liquidity Locked: 100% - Unlock period: 1 Year + +​ + +🧁Tokenomics🧁 + +15% Tax + +7% CAKE is redistributed to holders + +3% goes to the Mixture in the form of Liquidity + +5% Cake is allocated to the shop's buy back / marketing wallet + +​ + +🧁$CUPCAKE is a 🥞 CAKE reflection token BUY HODL EARN + +Community Driven! + +NFA&DYOR + +​ + +Follow, Like, Comment on our Socials! + +Giveaway: https://cupcakecoin.io/giveaway/ + +TG: https://t.me/cupcakecoin_io 🇬🇧 + +TG: https://t.me/CupcakeCoinCN 🇨🇳 + +TG: https://t.me/cupcakecoinJP 🇯🇵 + +TG: https://t.me/CUPCAKECOININ 🇲🇨 + +Website: https://cupcakecoin.io/ + +Game: https://play.cupcakecoin.io/ + +​ + +Contract = 0x5d74b0f8c474f96e093c70b507452399573cff73 +https://www.cnbc.com/2022/10/06/biden-to-pardon-all-prior-federal-offenses-of-simple-marijuana-possession-.html + +> - President Joe Biden pardoned all prior federal offenses of simple marijuana possession. +- The pardons also apply to anyone in the District of Columbia convicted of simple possession of marijuana. +- Biden has also instructed Secretary of Health and Human Services Xavier Becerra and Attorney General Merrick Garland to begin reviewing how marijuana is classified under federal drug laws. + +Following are ETFs reacting to the news: + +MSOS just spiked up 35% + +YOLO is up 23% + +THCX is up 18% + +Some individual stocks seeing a huge gain too are: VFF (+18%), TLRY (+24%) +Fed my family of 4, with plenty leftover. I (badly) estimate £0.90 per head + +&#x200B; + +Quick edit for accuracy. + +&#x200B; + +Mince beef (Ground beef for my American cousins): £1.55 500g - Aldi + +Buns: £1 for 8 (Could have got cheaper on offer) - Warburtons + +Cheese: £1.79 400g - Aldi + +Tomato: 6 for £0.60 - Aldi + +Mushrooms: 6 for £0.26 - Loose from Saisburys + +Little Gem lettuce: £0.60 - Sainsburys + +&#x200B; + +Caveats: My kids are young, I did use butter to toast the buns, I am also terrible at maths. + +Edit: I eyeballed the mince to mushroom ratio. It isn't based on weight. +The directive that was received from Gamestop. I then explained about the clarification from Gamestop on how it SHOULD have been handled, and that they were supposed to put in new shares that were received from the DTCC, which of course, were never received. The supervisor said they expect to have some additional info next week and will communicate when it's clear on there end, but that Fidelity will process it properly in order to comply with Gamestop's splivvy specifics. + +I recorded the entire call, and made them aware that I was recording immediately after I was told I'm also on a recorded line. No objections came from their end so I have the call if it is ever needed and if they accidentally "lose" their recording of the call. + +Both people I spoke to were helpful and reasonable, and agreed there seems to be a firestorm brewing that will hopefully get cleared up quickly. + +I also offered to send them the clarification that RC sent, but they said it's unecessary because they have to wait for orders from their bosses on next steps. + +I'll send another update if I learn anything new but for now, I can confirm that Fidelity employees were told to implement it as a 4-1 split, no divvy shares, and that this order came directly from Gamestop. + +Also, not sure if Education is the right flair here, but don't know what really fits better than that. + +Good luck to all apes!! +Over the last month or so I have been working with /u/hooper356 and /u/PM_ME_NUDES_KITTENS who have previously posted analysis of Gamestop’s NFT related infrastructure: + +\- [https://www.reddit.com/r/Superstonk/comments/qmo9uq/new\_nft\_subdomains\_on\_nftgstopsandboxcom/](https://www.reddit.com/r/Superstonk/comments/qmo9uq/new_nft_subdomains_on_nftgstopsandboxcom/) + +\- [https://www.reddit.com/r/Superstonk/comments/p2rnqn/a\_review\_of\_gamestop\_subdomains/](https://www.reddit.com/r/Superstonk/comments/p2rnqn/a_review_of_gamestop_subdomains/) + +I work as a Penetration Tester, specialising in Open Source Intelligence (OSINT). I’ve created my own unreleased domain reconnaissance tool that helps to identify hostnames that may be missed by other popular tools, while also collecting data that can highlight other avenues for information discovery. + +In this post I’ll be furthering /u/hooper356 and /u/PM_ME_NUDES_KITTENS's work, providing a brief summary of information I've found relating to Gamestop’s NFT hostnames. I'll also touch on the Loopring related question - “**Does the gstop-sandbox.com domain definitely belong to Gamestop?"**. + +Gamestop has many domains, most of which do not contain content relating to NFT infrastructure and will therefore not be included below. The following Gamestop domains will be included: + +* gamestop.com +* gstop-preprod.com +* gstop-sandbox.com + +Three other '\*gstop-\*.com' domains have also not been included due to lack of NFT related content. + +**NFT Hostnames** + +The tables below show all 'nft' hostnames discovered on the domains: + +[gamestop.com](https://preview.redd.it/8j7c2hfksy081.png?width=941&format=png&auto=webp&s=dc495ed2207dbba10b32b654e32146c7ada03b8a) + +[gstop-preprod.com](https://preview.redd.it/yv875r2lsy081.png?width=941&format=png&auto=webp&s=39caccbc96a04a99c90e4ad6deccd853b8e5a9ec) + +[gstop-sandbox.com](https://preview.redd.it/reintgvlsy081.png?width=941&format=png&auto=webp&s=175611c5ff8344309700ca71c324679bc307bdd1) + +The tables show a number of hostnames discovered within the last month: + +* cf.nft.gamestop.com +* api.nft.gamestop.com +* internal.nft.gamestop.com +* api.nft.gstop-sandbox.com +* cf.nft.gstop-sandbox.com +* cf-api.nft.gstop-sandbox.com +* cf-internal.nft.gstop-sandbox.com +* internal.nft.gstop-sandbox.com + +The latest of which, found on 16th November, do not currently have resolvable IP addresses: + +* api.nft.gamestop.com +* internal.nft.gamestop.com + +It should come as no surprise that this is a project that is actively being worked on and changes to the infrastructure are observed often. 'CF' likely refers to CloudFlare or CloudFront. + +**SSL Certificates** + +The disclosure of hostnames via publicly available certificate records can be extremely useful for a number of reasons: + +* Discovering uncommon, unique subdomains +* Disclosing related infrastructure found on other domains +* Timestamped records of when hostnames first appeared in the public domain + +The latest (unique) NFT related record pulled via [https://crt.sh/?Identity=gamestop.com&output=json](https://crt.sh/?Identity=gamestop.com&output=json) can be seen below: + +`{ "issuer_ca_id": 62148, "issuer_name": "C=US, O=DigiCert Inc, OU=www.digicert.com, CN=GeoTrust RSA CA 2018", "common_name": "www.gamestop.com", "name_value": "api.nft.gamestop.com, dam.gamestop.com, gamestop.com, internal.nft.gamestop.com, link.gamestop.com, login.gamestop.com, m.gamestop.com, mobileapi.gamestop.com, nft.gamestop.com, perf-dev.gamestop.com, perf.gamestop.com, perf-stg.gamestop.com, www-1.gamestop.com, www-2.gamestop.com, www.gamestop.com", "id": 5622175669, "entry_timestamp": "2021-11-16T22:55:51.336", "not_before": "2021-11-16T00:00:00", "not_after": "2022-04-18T23:59:59", "serial_number": "07ae6fc6365e208457fc474492bf45f1" }` + +Link: [https://crt.sh/?id=5622175669](https://crt.sh/?id=5622175669) + +Other records show clear links between the **gamestop.com** and **gstop-sandbox.com** domains dating back to 2019: + +`{ "issuer_ca_id": 9324, "issuer_name": "C=US, O=Amazon, OU=Server CA 1B, CN=Amazon", "common_name": "maintenancepage.gstop-sandbox.com", "name_value": "sandbox.login.gamestop.com, sandbox.m.gamestop.com, sandbox.sso.gamestop.com, sandbox.www.gamestop.com", "id": 2220419865, "entry_timestamp": "2019-12-19T20:18:19.905", "not_before": "2019-12-19T00:00:00", "not_after": "2021-01-19T12:00:00", "serial_number": "0d6b61dbeaabe233c28d9a3cebe0e65d" }` + +Link: [https://crt.sh/?id=2220419865](https://crt.sh/?id=2220419865) + +Of each hostname found via SSL certificate records, the table below shows the first time each hostname occured on [crt.sh](https://crt.sh): + +https://preview.redd.it/hfivbd9isy081.png?width=370&format=png&auto=webp&s=bafceaee584dac05b0c056dcb000a63470ad58ba + +Based on this data, I believe the gstop-preprod.com was used at the start of the project before development work was migrated to the gstop-sandbox.com domain. + +**Canonical Data** + +This section represents all data that has been found in the CNAME field of a DNS record. + +Definition: *"A Canonical Name or CNAME record is a type of DNS record that maps an alias name to a true or canonical domain name."* + +The table below shows all NFT hostnames with CNAME records: + +[CNAME Records](https://preview.redd.it/ly2fyfw9y3181.png?width=672&format=png&auto=webp&s=861ae670377e6832c42d9d71bde9c3ae82cc549d) + +`$ host` `nft.gstop-preprod.com` + +`nft.gstop-preprod.com` `is an alias for` `d3elt88n1ov7cg.cloudfront.net``.` + +Browsing directly to '[http://nft.gstop-preprod.com](http://nft.gstop-preprod.com)' will lead you to a 403 ERROR page. The HTTP 403 error code translates to 'Forbidden'. However, if you browse directly to the CNAME record address '[http://d3elt88n1ov7cg.cloudfront.net](http://d3elt88n1ov7cg.cloudfront.net/)' you will find a nice easter egg: + +[To The Moon Meme GIF by Shibetoshi Nakamoto](https://i.redd.it/bk6v2cxesy081.gif) + +**Gamestop x Loopring domain (****gstop-sandbox.com****)** + +**Question**: Does the gstop-sandbox.com domain definitely belong to Gamestop? + +**Answer**: Beyond reasonable doubt, **Yes**. While conventional methods (WHOIS records) for confirmation aren't available to us in this instance due to privacy restrictions, there are too many similarities and connections across the domains for any reasonable argument to suggest otherwise. + +This includes: + +* Subdomain naming conventions +* Content overlaps +* Shared SSL certificates +* CNAME records connecting gamestop.com to gstop-\*.com domains +* Similar IP address ranges (Class C range differences) across domains + +I have provided some examples of this above which I hope is enough to ease any minds that were still unsure. I could create a separate post re-enforcing all of the evidence, but I honestly don't think it's necessary. For anyone with a technical background the publicly facing infrastructure tells the whole story that is in no way hidden from us. + +**Conclusion/TLDR** + +* New NFT hostnames are appearing week by week with 8 new hostnames found in November. +* gstop-sandbox.com belongs to Gamestop, along with three other \*gstop-\*.com domains. +* nft-gstop-preprod.com domain shows 'To The Moon' GIF easter egg. + +*EDIT: Added missing CNAME record table* +For education purposes - share what works for you in day trading? Set of rules and tricks and let’s compare + +- how many years are you in trading/how many of the are profitable +- stocks(what price range)/etf/forex/crypto/futures +- what part of the day are you trading +- what indicators do you use +- what’s your sweet risk to reward ratio +- what’s your entry/exit signal +- type of stop loss +- does and donts +- news/updates resources tv/twitter/stocktwits/yt +- other useful rules +Hey guys! I have an account with coinbase for 3 years that they locked me out with no reason. I have made tickets, attempted contact via Twitter and Facebook. But it seems they are only answering through here. However I need karma to post on their page, otherwise it just gets deleted. Can you guys help me get some karma so I can bring my concern to r/coinbase + +I have three cases open; +03049257 +03169165 +03083311 + +Please guys, I need to get access to that 600 to buy Christmas presents. Thanks!! +Another long time lurker on this thread and haven't seen too many posts about eBay as an option of making a bit of cash on the side. Everyone knows about eBay and it's highly likely everyone on this thread has used it at some point in the past ; however my recent success (and how easy it's been) is something I thought I'd share. + +For years I've sold on eBay, since around 2012 I think. I've now had around £7500 worth of sales when I go into my Seller Dashboard. This has been through selling things I've 'had' to sell e.g. old phones, furniture, consoles etc but during the boredom of furlough during the summer, just before I was asked back into the office - I started to do a full clean out of my room. There's absolutely loads of possessions I had, mainly clothes, that I no longer used/wore I've sold, and that I am now consistently selling that I thought had very little value, and which I assume others do too, and I've ended up pocketing a nice bit of cash doing this. + +It was around about June 2020 that I basically raided through all my clothes and underneath my bed and been very decisive about what I want to keep/sell - things I no longer liked, didn't fit etc.. Throw nothing away! I've realised there's always a buyer out there no matter how 'bad' you think a t-shirt is whether in terms of either fashion / colour / cosmetic condition. + +Since the success of all my old clothes, I've now started buying clothes to re-sell. I buy them on Vinted and sell them on eBay. Vinted is a dedicated app for buying and selling clothes, however there seems to be a lot of people on there selling branded clothes for next to nothing. I bought 3 x Jack Wills items (desirable brand on eBay) for £1 each. All from the same buyer, shipping was 0.99p with Hermes. I've sold 1 of them items for £12.50 and another one of the items for £8.95. Another success story with Vinted/eBay was buying some Ralph Lauren Joggers for £3.10 and selling them for £25! + +A lot of the time it's the listing that sells it. A few good tips I can offer for eBay listings are: + +\- good lighting in photos, that are straight / symmetrical with surroundings, hang items up instead of laying down on floor + +\- wash clothes/iron clothes if needed, this can make a huge difference + +\- keep phone completely still when taking photos (sounds so obvious but the amount of blurry listings I see is incredible) + +\- Product Title following the format of : 'Brand - Gender - Item - Size - Condition - RRP if necessary' e.g. 'Polo Ralph Lauren Men's Joggers Size L - Great Condition - RRP £85' + +\- Buy it Now on eBay as the buying format works well for me. If things are struggling to sell after 3 weeks or a month I will send them to auction + +\- offer 'FREE' postage but build in the cost of posting the item, into your item price as buyers then feel as though part of the product/service they are buying is 'free' + +\- offering Royal Mail 1st Class, with 0.00 postage cost on your listing also qualifies you for the 'FAST and FREE' badge. Similar to the Prime badge but for eBay - another thing buyers desire + +\- an alternative courier to use is Hermes, they have drop off shops all over the UK, they are cheaper than Royal Mail and all of their services are fully tracked too. You can also get a further 20% off their services through Unidays if you are a student or know someone with access to this + +There are loads more tips and bits of advice I could offer in terms of eBay - online sales is actually what I do as my job too which obviously helps and I did a business/marketing course at Uni too - but I don't want to make this post too long. + +I can only apologise if all of this may seem obvious to any readers but I was surprised that some of my friends (all in their 20's) had never even listed an item on eBay. It's actually really easy to use once you get the hang of it and understanding the fees associated. + +Hope this has been an interesting read and/or helpful and can hopefully encourage you to start selling online! + +Matt :) +I was furious when I found out after the fact as I don't consider a ford crossover a luxury car. My wife who was listed as the driver may have signed something at the location however I was was the purchaser. I would be happy with a reduced amount but they will not work with me. + +This isn't the first time I've felt giddy seeing all my dividends coming in, but it certainly won't be the last. + +The last 3 months have been incredible, each bringing me a solid $145-170. It's not much, but it feels huge. + +Seeing the total income, and realizing it's potential, just fills me with ever-growing joy and excitement. I went from no passive income to nearly $200/month guaranteed in just under a full year. If this isn't success and a brick towards a golden road, i don't know what is! + +What was your moment of realization, that time when you truly saw dividends being your path? + +Edit: Thanks for the awards! Can't believe this post got not only my first one, but second one ever as well! Just wow lol +This is a popular technique by HFs, to slowly let a stock fade intraday. + +Crymer explains it pretty well, since he is a slimy HF and told us those neat tricks: https://youtu.be/gyaPf6qXLa8&t=55s + +They are ON PURPOSE creating a negative feel towards the stock, now we all see the 3 to 1 buy ratio on Fidelity, other brokers most likely look the same so you know us Apes are panic buying the dip. I personally today wired another batch of cash in, due next week. Because these prices are a gods gift. Thanks again Hedgehogs for the discount. I'll make sure those shares never see the eye of the open market again! + +The price now is FAKE and it is costing them money to drive it down, BUY THE DIP AND KEEP HODLING. SOON MAY THE TENDIEMAN COME TO SEND OUR ROCKET INTO THE SUN. +[https://www.dtcc.com/legal/issue-eligibility](https://www.dtcc.com/legal/issue-eligibility) + +has anyone seen the new \*UPDATED\* form posted by the DTCC? + +FINAL EDIT!!!!: I think we might be wrong on this one. I’m sorry to kill the hype but I am thinking that this has less to do with GME. I’m not 100% sure tho, I would really like to hear from some of the credentialed big brains like u/atobitt and u/rensole. Again I am an ape just like you guys just wanted to get exposure on something that I saw as possibly huge. +&#x200B; + +A, B, and C seem to be detailing how to basically confirm ownership of a share, and charging a bunch of money until they provide it. PLEASE CAN YOU GUYS TAG BIG BRAIN APES TO HELP!!!! + +EDIT: (A) the DTC Crediting Participant hereby agrees that, if the Certificates are not received by DTC’s Underwriting Department by 4:00 p.m. ET on the Closing Date, DTC may debit the Account of the DTC Crediting Participant to the full extent of the Certificates not so received, + +\- Key word here "may" so still discretion is able to be used and if this debit creates a short position, + +\- If the lender doesn't have the shares DTC may charge the settlement account of the DTC Crediting Participant 130% of the current market value + +\-we charge you 130%, I assume this covers the share, and a little on top to account for some squeeze of the securities represented by such Certificates until they are received by DTC. + +\- You pay a little if they're late a day, if you didn't send anything, we keep hammering you Nothing herein shall affect DTC’s ability to reverse the distribution of the Issue in the event that the Certificates are not received by DTC’s Underwriting Department on the Closing Date; + +UPDATE: this might only apply to physical shares. Somebody related this to a recent sus event involving physical shares. I’ll update if I find out more. + +&#x200B; + +Here is an explanation by one of our fellow apes u/Repulsive_Impact_651 + +" it looks like the DTC issued an emergency rider back on march 12th, which is basically just another term for saying this is effective immediately until told otherwise.. that if a share cannot be accounted for, you now have a form you can fill out and you can state why it wasn't accounted for, using one of the couple of legitimate reasons the emergency rider suggests.. basically inability by dtc to accept it, or courier services or down, etc... the rider says if you legitimately qualify under one of these excuses, then if fill out this form and explain you wont be subject to the 130% short charge on the market value of the failure to deliver you created, since that inhererntly created a naked short position. so basically the DTC is again basically showing they are preparing for a shit storm of FTD's about to come through their system, and it looks like this form in particular is just one of their house chores in preparing for whats about to happen once dtc 2021-005 is implemented. this is dtc way of saying for any of the good guys we want to make sure you arent hurt by our new rule changes https://www.dtcc.com/-/media/Files/pdf/2020/3/13/13099-20.pdf " + +&#x200B; + +TL;DR + +" if they dont have the share, they are charge 130%(if its related to a short position) of the value of the share every friday at 4pm EST. If they can't validate they have the share they have to pay up big, imagine 130% of 200 every friday times 1 billion for example. So they will most likely be a massive buying frenzy of GME to account for their shares and ya.....MOASS. this is big " + +EDIT:I am a physics major. Can a financially literate and big brain ape please help me confirm my bias that this is saying what I am understanding it explicitly, and clearly stating? + +EDIT2:May be some things wrong here I am saying. Need someone to interpret it please. I don't know why they would release this if it wasn't directly correlated with the counterfeit share situation with GME + +EDIT3:Looks like this form was updated today from 2014. Not new. Either way, I believe they updated it in order to use it. + +EDIT4:APES I AM BEING TOLD THIS HAS NOTHING TO DO WITH SHARES OR GME PLEASE I MIGHT DELETE THIS POST. DO NOT BECOME OVER HYPED + +https://www.reddit.com/r/Superstonk/comments/mlss34/additional_information_for_new_letter_of/?utm_source=share&utm_medium=ios_app&utm_name=iossmf —Here’s a great post about this +When I opened my investment dashboard today was surprised to see near zero loss in my portfolio , when checked it was due to 6 dynamic bond funds which I hold and all of them had a sharp rise in their NAV yesterday. + +I checked some liquid funds like Axis Liquid fund , it has also risen sharply yesterday. + +One more fund i hold ICICI Prudential Bond has increased its NAV by 3.27% yesterday. + +Is it because of RBI pumping 30k Crores for bond markets? +Ok I'll start with the quick overview of what's happened. + +Back in 2015-2016 whilst I was still in college I applied to become a sole trader as I wanted to do part time painting and decorating during the time of education to earn some money to keep me afloat. + +The company never became a reality and I foolishly just completely forgot about it thinking no different. I got a zero hour contract working for a fitness equipment company for a few years whilst in college instead. I had moved houses multiple times around this period as well. + +So fast forward to 2020 and I get a self assessment form through the post. I thought nothing of it as I've never been worked as a self employed person. then I get a £100 fine through the post... + +I call them up and they tell me I need to do a self assessment for 2016 - 2017 and the others they can write off. I submit the form even though I haven't been working self employed then a week later I get a £600 fine for late submission... + +I'm feeling a bit lost about what to do with this, I've been told I need to submit a form to try justify my situation? But I have no clue what to put in this letter... + +Any help from someone who has been in this situation would be highly appreciated. + +Thank you all. +I’m going to college next year and don’t really expect to get too far ahead by working for 6-8 months beforehand. I do however have some really great scholarships and I’m going to a state school so I should be out with minimal debt. + +That being said. How much should I dedicate towards saving a month? My starting pay is $12 hr and I with be working 15-20hrs a week (as I am still in highschool). + +I have no bills, no car, and I don’t need a car for the next few years. +People often say at age 18 I shouldn’t look at dividends at all and focus on growth. I look at funds such as QYLD, that offers an 11% yield, and compare it to something like the S&P 500, which historically returns an average of 7% and wonder why people would choose the 7% over 11%. Obviously there’s the 0.6% expense ratio, and also having to pay income tax on the dividends but it still seems like they would both return around the same, if not QYLD returning more. There has to be something I’m missing. +Im not sure if this applies in the world of stock trading but I would like to know what was the factor or combining factors that made things click in your mind. If you dont mind sharing, what was the thing or things that you were struggling with and how did you solve those issues? +So I have been holding since January, I talk about Gamestop or the market in general pretty much every day and I even got her to watch the first half of the Big Short with me the other night and I think she was into it. She is a very smart person but doesn't know much about the markets and whenever I get to into it she just smiles and reels me in or rolls her eyes if we are around family. + +Anyways, we are laying in bed and she just asked me if I remember what I did last night. I stayed up a little later than usual working and didn't get to bed late and slept like a rock.... Or so I thought. She asked me if I remember rubbing my hands all over her face and yelling "Feel these diamond hands" at some godforsaken hour of the night. I have absolutely NO memory of this, don't remember any weird dreams, and can say with one hundred percent certainty I was fully unaware of what I was doing. She isn't the type of person to make this shit up and I am trying to come to terms with the apparent monster I have become. She said it went on for long enough that she was a little freaked out and I just kept shouting "Diamond Hands!" while in her words "smooshing her face". + +I am honestly so mortified with myself I am considering sleeping on the couch tonight, maybe then if I have another episode at least only the cat will catch these diamond hands. + +I am ashamed as a lover. I ashamed as a friend. But I proud as fuck as an ape. Clearly selling isn't even on the fucking table. + +&#x200B; + +EDIT: Sadly I am not trolling, I don't even know how this would be trolling. Also yeah maybe I am spending too much time with ya'll.... + + +Update: thank you all for the memes. You beautiful bastards kept me and my girl laughing all day. Still HODLing, maybe working on my sleep schedule, and fuck that ape fest nonsense that's stupid + + +PS. u/buttfarm69 can I get the flair, might as well get something stupid out of my equally stupid story +I am the 2nd engineer hired by a tech startup and thus have a really nice stock option. Our potential is huge and I believe our product is good. However in a startup I constantly go from being depressed and having anxiety about our future to being very optimistic. + +What red flags are big enough red flags for me to give up on the startup and walk away? I'm having trouble knowing if we are just hitting the expected walls associated with a growing startup, or if these wall are huge red flags and I need to just move on. +Would like to know if you continue investing or hold. What are key elements to look for and look out for and finally what do big value investor say during these times +Hi, I'm not certain if this fits the context of this subreddit, but there seems nowhere else to ask. + +I got a large sum of money thats about to hit my bank account, proceeds from the sale of cryptocurrency. Everything is legal, I was in early and have documentation to prove it. + +Am I to expect a call from the bank for an event like this? Will I have to explain where the money is coming from/etc...? I got less than 100k in the bank currently and used to make about that much per year but recently became unemployed. + +I've been renting all my life and am planning to buy a properly with some of the money. Will I need to wait a bit until the bank goes through the motions and says its fine for me to use, or could I buy something literally next week? I already have a place in mind. + +I understand the questions must seem very elementary to people here, but I am quite anxious about this. + +&#x200B; + +Edit: I'm in Canada, I do understand the tax implications and I am fine with those. +Most homes in established suburbs are being sold above $2m! +Box Hill homes with 300m2 of land going for $1.2m! +Houses in Asquith which is a 45min train ride away from CBD are being sold above $1.7m! + +My wife and I earn good money but still can't get a big enough loan to secure a property. + +I feel like the millenials are so screwed. We have no chance to live a comfortable life in this city anymore. + +End of rant. +Hi Friends, + +NAB is halted today after semi annual release. I have a few questions if you could answer them sincerely as you would planning for your wife and her bfs futures. + +Dividends are down to 0.30 cps + +1. What is the Purpose/underlying meaning of the Capital raising with new shares + +2. Can we expect similar from the other Banks + +3. Is it worth a buy on Friday with the new shares? + + +The intricacies of what is happening intrigued me and I would like a in depth explanation if anyone can be fucked. + + + +3. +Hey guys like the title says I want to sell maybe one or two covered calls tomorrow and was looking for some input. + +I bought a few hundred shares of a stock last March with a cost basis of $2.12 and it’s now sitting at $46 a share which I think is over priced. Usually I would sell but I’m about a month away from being able to pay long term capital gains and have decided to hold until at least then. While I’m waiting I’m thinking of selling some far OTM calls around 60ish expiring end of March, here’s my reasoning + +Cost basis - $2.12 +Share price - $46 +Strike price - $60 3/26 exp +Premium collected - about $325 per contract + +Worst case scenario it goes above $60 and I keep premium and sell for $60 a share (I would be ok selling for 60) + +Best case scenario it expires worthless I keep +premium + +Did I get this right or are there some holes in my plan? I would love feedback good or bad + +Thanks! +My GF had one speeding ticket last year. It made her insurance rate go up by $29/month for 3 years. This means that a single speeding ticket cost $1,044 MORE than the fine itself. + +I never intentionally speed, but I had no idea that the cost of a single ticket could be so high. If more people were aware of this, there would be much less speeding and people could avoid these needless extra costs. +Whichever way I look at it, liquid fund returns are practically in the gutter and near what the post tax returns of a FD are (3.66% PA pre-tax against a post tax return of 3.2% PA on an FD assuming you're in the 30% tax bracket). + +With the 50k withdrawal limit they aren't as "liquid" as a bank account either. In these times due to black marketing and what not that's what one dose of Remdesivir costs. + +Yet on platforms like Kuvera and even on TV channels and elsewhere a lot of recommendations say to put a chunk of one's wealth in a liquid fund. + +What reason still exists to be invested in one and why are they still suggested to investors? Is it simply just a hedge against the riskier aspects of one's portfolio? Why not use arbitrage for the hedge if that's all this is good for. Isn't the risk of their fully hedged portfolio even lower than a liquid fund? + +EDIT: This calculation from the wiki: [https://indiainvestments.gitbook.io/content/faqs/misc/where-can-i-park-money-for-a-few-days-a-few-months-or-a-few-years#debt-mutual-funds](https://indiainvestments.gitbook.io/content/faqs/misc/where-can-i-park-money-for-a-few-days-a-few-months-or-a-few-years#debt-mutual-funds) clearly shows that at the current interest rates of 5.1% and 3.9%, even with indexation over 3 years you get less returns from a liquid fund. +My husband and I bought a rental property a little over a month ago, and we fully admit we got in too early and are in a bit over our heads. + + +We bought the triplex for 78k in a c class area in indiana. Each unit rents for 480, and with fixes could be brought up to the 500-600 range. We inherited three tenants. One tenant is great. Paid rent on time and hasn't been an issue. However, one tenant hasn't paid rent, has been a nightmare to deal with (yelling, cussing us out, threatening to sue for a fall) and we are processing an eviction. Another one paid rent on time, but constantly asks every 2-3 days for fixes that aren't a priority (asking for bathroom to be redone, for us to plant shrubs) as it has a lot of deferred maintenance. We would give the second tenant a 30 day notice after the first one vacates if we keep it. (All on month to month Leases) + +We realize that we probably overpaid considering the needed fixes on the property (electrical, furnace, some plumbing, bathrooms, gutters and downspouts) and have swiftly decided that this particular property might not be a fit for us, and that real estate might also not be for us. + +We're trying to decide whether to stick with it or just cut our losses and move on, and to be honest we are leaning that direction. + +The house appraised for 80K, but obviously needs work. We would probably plan to sell as-is. + +How would you consider pricing it to cut our losses as a very expense lesson learned? We were thinking price at 70k and hope for 60? We put 20% down so we'd lose our equity but would be worth it to not deal with it anymore. + +Thoughts on the best course of action with limited losses? +In my home Australian state of Victoria, a state which privatised its electricity assets in the late 1990s, electricity providers have profit margins of [around 17%.](https://grattan.edu.au/wp-content/uploads/2017/03/Price-shock-is-the-retail-market-failing-consumers.pdf) + +Another example from down under is our public transportation. Our metropolitan train system is run by Metro, a joint venture, in which MTR holds 60% of the stake. Metro is paid over [1B dollars in subsidies to run the network, and made a profit of over 40 million dollars after tax in 2015.](https://www.theage.com.au/national/victoria/melbournes-billiondollar-rail-system-sells-passengers-short-20150325-1m7jze.html) + +Our tram system was also franchised at the same time as the train system, and KDR Victoria, another joint venture, this time between the French transport operator Keolis, and the Australian-based engineering firm Downer. Keolis is the senior partner in this venture, with a 51% stake. [They've made a 78 million dollar profit so far.](https://www.theage.com.au/opinion/the-real-cost-of-our-metro-public-transport-system-20170131-gu2b4j.html) + +Wouldn't it be better to take public transportation into government hands and use millions of dollars in profit a year to improve services rather then ship it all overseas? + +Someone will probably say that non-government operators are more efficient, but the simple fact is that in these 2 franchises, the senior partners are both government owned. Keolis is 70% owned by the French government, and MTR is 76% owned by the Hong Kong government. Any efficiency improvements which have materialised as a result of these franchises are attributable to governments, not to the private sector. + +[I see economists promote privatisation and deregulation all the time as a way to lower prices for consumers and increase customer satisfaction](https://theconversation.com/why-touted-public-transport-savings-from-competitive-tendering-are-too-high-78527), yet when it comes to natural monopolies, those supposed benefits always fail to materialise. So is there really a real argument against government ownership of natural monopolies? + +Believe me when I say I'm not soapboxing here. I'm just providing some examples, and would readily change my mind if someone gives me a good answer. +Cuba’s government has clearly managed their country well to be able to survive intact for decades despite sanctions and a repressed economy. What specifically did they do to grant the country its longevity and political influence decades after it made the usually ill-fated switch to socialism? +Posting for visibility. +#CREDIT: u/KitrosReddit + +Alright, ya fucks, I'm gonna get straight to the point. + +If GameStop hits 800 before 2/26 we will trigger the Mother of All Short Squeezes + +As we learned from the last spike to 483, it was not the shorts squeezing. As Melvin admitted in the Congressional Hearing that they did not cover and the spike was from gamma. + +If you do not know, this "gamma squeeze" occurs because of call options. As the prices surges, Market Makers are forced to write more calls and buy shares before they even become available, surging the price higher. + +So, now because we have fallen all the way back down to $40, we have a catapult cocked down as far as it can go, ready to be launched. + +#There are millions, and millions, and millions of shares written in those call options all the fucking way up to 800. These shares are not only buried in the 2/26 calls, but also every single date after this as well. So many fucking shares. + +*If we can get to 800 and all these calls become in the money the Market Makers will have to scramble to buy millions and millions of shares that will surge the price up.* + +The craziest part is that this does not even take into account the shorts covering. So, as the Mother of All Gamma Squeezes squozes, sending the price into the thousands, the shorts will then also be skyrocketing the price at infinitely higher prices. + +If you did not read my last dd here about GME short interest being 400%, we learned that u/thabat ran an AI-generated model of GME’s stock price, which predicts a squeeze target of an extreme $130k a share. + +Now, while I then believed this to be a completely outlandish number, I now believe to have realized that this gamma squeeze that will occur if we hit 800, is what it predicted. + +To reiterate: + +I believe that the AI-Model of GameStop's share price, which predicts $130k a share, is predicting this because it believes that we will hit 800 before 2/26, therefore causing the Mother of All Gamma Squeezes. Which will then trigger the infinity short squeeze which sends us to $100k+. + +Many others are also starting to realize this as well, check out this post on r/stocks + +https://www.reddit.com/r/stocks/comments/lrrcdk/gme_gamma_squeeze_part_two/?utm_source=share&utm_medium=mweb + +While this is not financial advice, it is in my opinion that we need to do our best in holding and buying in order to get the stock price above $800 before Friday. This AI believes we fucking did it, lets prove the future right. + +#Important but not financial advice: Even if we don't make it, that dosen't mean it will fail. Eventually shorts must cover. That's something most of you should already know by now. Patience. + + +💎🙌🏻🚀 +The price of basic necessities like food and gas keeps going up while wages stay the same. How long will it be before a large percentage of the population simply can't afford to eat? + +My whole life inflation has gone up every year but it's never felt this bad. So many people I know have to have side hustles in addition to regular full-time jobs in order to make it in today's world. Meanwhile the expression, "the rich get richer and the poor get poorer" has never been more true. + +I'm honestly curious where this will end. +But then August comes, the price is now $50,000,000. Your finger gets itchy. "What if this is the peak?" You think. You press "sell" on half of your portfolio and you're immediately filled with regret. You feel like after a one night stand with someone horrible, you feel used. Dirty even. You cry in the shower because you know you've been ripped off. Apes call you a paperhanded bitch. + +Now it's september the price of a GME share is the same as a small countries GDP. You sell your last 5 shares and become the first billionaire of your village or town. Apes call you a paperhanded bitch... Again. + +It's now December. GME is trading for entire nations! You wish you'd held out for Japan, but now it's owned by the Ape Weeabo Consortium. 6 apes with 4.2 shares between them. With your .02 shares you can only afford Iceland. Fucking Iceland man, middle of nowhere fire country with zero Wendy's. + + + +You cry in your 6th lambo knowing that if you'd held you would have been able to afford the western hemisphere. + + +Don't be the ape with regrets. + + +TL;DR: Japan is the new floor. + + +Reposted and updated from my original on GME. + +Edit: Love yoy all! Some awesome comments! +I recently bought some $ARKK, $ARKF and $LRNZ. I am wondering if there is a good overlap tool out there for ETFs? + +I want to see if I can get more into the AI, Tech, and Deep Learning space, but I don't want to buy what I already have. +Hi. I graduated from uni in May!! I was working 3 jobs when I was in school so I thought I could keep that mentality but the (career-related) jobs I’m working now require more mentally and physically and I’m starting to feel BURNT OUT quick. I’ve been toying with the idea of going down to two but I can’t, because the one I would quit is the only one that gives me insurance. + +I recently quit one of my jobs (RIP to the big money :/) but started a new one 20+ days ago. However, I have YET to make any money even though I have spent $300 on pre-employment expenses!!! So I’m getting a little nervous about my finances. Not only that, the job is not an hourly pay job. As a mental health counselor, I get paid by billable hours. If clients don’t show up for therapy, I don’t get paid :/ + +And with Christmas, and then a graduation trip my parent’s bought for me and then my birthday right after, I’m gonna spend tooooo much money these next few months. +I’m freaking out about my finances. + +I’m paying for a lot. In total, I probably spend about 2k a month and usually make about 3k a month. But as I mentioned, I haven’t started making any income from this new job and it will not bring me *steady* income so I probably need to work even more at one of my other jobs than I am now to account for that🤦🏾‍♀️ I’m overworked. I’m overwhelmed. And maybe I’m in over my head. But okay, here are my expenses. + +Rent $985. +Electricity, water, and sewage (est. $150) +Internet ($55) +Phone $80-85. +Car insurance $1,056 for 6 months (next payment due in February). +Loan $174 +Kindle $9.99 I NEED +Netflix $8.99 I *don’t* need but my little sister uses it so I’d feel bad not having it🙈 +Food (usually $600+) but obviously that needs to change 😬 + + +I can’t really think of anything to not have. I work from home so I need internet. Sure, I could save $9 without Netflix but that’ll only save me $100 a year. I’ve thought about not getting my car insurance renewed. I’m working mostly from home these days so for the time being, maybe I don’t it. Otherwise, it just seems like I need to work more even though I’m working 50-60+ hours a week. + +Edit: food is for me and my boyfriend. Still expensive +A few weeks ago I stayed in a beach house vacation rental in South Carolina and noticed it was on the market for sale. I’m now in Florida (near the beach) visiting my parents and noticed at least 2 short term rental homes for sale in their neighborhood (50% of the homes on the market in this neighborhood). Is this a wider trend? If so, why are these short term rental owners selling now? +"Inflation; That's the price we pay for those government benefits everybody thought were free." + +How much truth is there to this? Did the government know this was going to happen? +This may be our most ambitious crossover event... + +[ Dr. Susanne Trimbath AMA Transcription. Summaries, supporting materials, punctuation and memes brought to you by u\/Bye\_Triangle, u\/Luridess, u\/Leaglese & u\/Cuttingwater\_](https://preview.redd.it/c3zziltwmbw61.jpg?width=1432&format=pjpg&auto=webp&s=557fd27d4f535f9214ce7ff6b10c05900b0d53dc) + +**I'm Brick and I do news, I come to you with SPECIAL REPORT** + +[u\/Bye\_Triangle](https://preview.redd.it/o1raj2noqbw61.jpg?width=1200&format=pjpg&auto=webp&s=c6a2d48257078b6c63e9d741c931090e6de6bd18) + +**First off, I would like to say a massive THANK YOU to Dr. T. It was out of the kindness of her heart and her passion for justice that she decided to come to speak with us,** ***for free,*** **I might add. Dr. T is a busy woman, so it is an honor that she spent even an hour of her time with us. I for one, am really hoping that we get the opportunity to speak with her again because that was probably our most insightful AMA yet!** +**The following is the transcribed conversation between** u/atobitt **and Dr.T, accompanying it are summaries that break down the sections into more digestible pieces.** [**The video of the stream is also available on the r/superstonk official youtube channel if you cannot read.**](https://www.youtube.com/watch?v=fGVY2Kco8ng&ab_channel=Superstonk) **Thank you for being such behaved Apes while Dr.T was here, you are amazing. 💎💙** + +**\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_** + +**INTRODUCTION** + +[ Kenny G trying to short our AMA less than 2 minutes in. 😂 credit: u\/stellarEVH ](https://preview.redd.it/mnvgpiiymbw61.jpg?width=936&format=pjpg&auto=webp&s=2c686294c302e62a45916e6940b2a968fb822c58) + +* Atobitt: + * Thank you everyone for joining us, this is our first r/Superstonk live AMA. AMA stands for Ask Me Anything + * I’m here today with Dr. Susanne Trimbath, the author of several books, including what we’ll be covering today, [Naked, Short and Greedy: Wallstreet’s Failure to Deliver](https://www.amazon.ca/Naked-Short-Greedy-Streets-Failure/dp/1910151343) + * **May I call you Dr. T?** +* Dr. T: + * Yes, please. +* Atobitt: + * Great. How are you doing? Are you ready for this? +* Dr. T: + * Yes, I’m all set. I’m very excited. +* Atobitt: + * I feel like we are going to finally get this out. Finally get this in front of people that, honestly, keep asking “What’s going on?” and you’re here to provide answers. + * Would you go ahead and walk through a brief intro of your background and expertise? +* Dr. T: + * Pretty much all my career has been in finance. I knew from an early age I wanted to study money, basically, and how money works. + * I’ve worked with insurance companies, federal reserve banks, stock exchanges, clearing, settlement - that was my career through the time that I went to grad school in 1994 which is when I left the DTC in New York. + * Did my PhD in economics at New York University and then went to the Milken Institute (Santa Monica, CA) where I did Capital Markets research for a couple of years before going out on my own. I then did independent research in finance and economics since 2003. + * I do want to say that I’ve probably *forgotten* more than what most people will ever know about back-office operations and all the post-trade stuff. + * I also worked in Russia to help them build trade clearing settlement systems when they shifted from communism to capitalism. + * My expertise is post-trade, not trading or trading operations. + * But there are a lot of other people with more expertise who can answer questions about hedge funds, dark pools, trading strategies, that kind of thing. That’s not what I really know most about. I’ve taken an investment class in college, so I know enough about it. **My expertise mostly lies in everything that happens backstage at Wall Street.** + +**TL:DR 🦍 Summary:** Dr. T has experience across a wide spectrum of the financial markets, including knowledge globally. More specifically, her expertise lies in everything + +that happens “backstage at Wall Street”. + +* Link to Dr. T’s Full Bio: [https://www.gminsight.com/bio-susanne-trimbath](https://www.gminsight.com/bio-susanne-trimbath) + +**\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_** + +**HOUSE OF CARDS / THE EVERYTHING SHORT** + +* Atobitt: + * And that’s what’s so incredible about having you on here because a lot of people are just trying to figure out and get a look inside the DTC. + * We’ve been talking and posting about what’s going on, but having you here to actually help us explain that and to dive into the follow-up to [House of Cards](https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/?utm_source=share&utm_medium=web2x&context=3), which you generously spent time reviewing, as well as [The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/?utm_source=share&utm_medium=web2x&context=3). + * **A lot of people want to know, just high-level: How close were we? Are we trying to shout the same message?** +* Dr. T + * HoC is a lot more of what I know + * Everything Short - there’s a lot of stuff in there that I’m not as experienced with. I offered you some comments on that, but I don’t think I can be as helpful there. + * On HoC, some things you caught on to. + * For example: + * DTC rule changes about not allowing issuers to say “I don’t want to be in the depository”. + * Most people would have missed that because that really came about as a result of one issuer telling their shareholders to pull their certificates out of the system + * So rather than leaving their shares with their broker, to get them registered in their own name. + * That had been done on a small scale before. + * But for this issuer, a lot of people/investors were organized, and pretty much everything came out. + * At that point, the DTC said issuers can’t request this. + * Now, an individual can still ask to have their shares registered in their name. + * Gamestop has a direct stock purchase program where you can buy your shares directly from them, I think the minimum purchase is $25 for a one-time buy. + * So you can still do it, but finding that example in HoC showed me: + * **you’ve done a lot of background research;** + * **you came up with a lot of things people missed** + * There were a few problems with HoC in there. + * The big problem for me is when you said Cede & Co is a company. + * In fact, Cede & Co is a **nominee name**. Think of a Trustee/Custodian relationship. + * All banks/brokers have a nominee name they use for securities registration. + * Any shares registered with a nominee name signals to the issuer that those stocks are not held for the company, that they’re actually held for someone else. + * Trivia about Cede & Co. name origin: + * short form of **‘Central depository’** + * They started out as a department at the NYSE + * And when they needed to get a nominee name to hold securities for trade settlement, they used Cede & Co. +* Atobitt: + * Thank you for clearing that up and for the compliment. + * I heard some theories from others but your version is like hearing the Gospel because it’s coming from a credible source. +* Dr. T: + * Yes, “Central” because that’s where all of the NYSE members could deposit shares/certificates there + * And Cede & Co would hold it for them so they could use it for trade settlement because in the late 1960s there was a paperwork crisis on Wall Street. + * They couldn’t get shares transferred or re-registered from one name to the next when you sold securities, in time for the two-week settlement cycle. + * So imagine as you’re trying to go from T+5, T+3, T+2, how difficult it became. + +**TL:DR 🦍 Summary:** + +* Cede & Co is a nominee name, banks and brokers have custodians they use for securities registration, any shares registered with a nominee signals the stocks are being held for someone else. +* Cede & co came about owing to a paper crisis as trades increased, and they became the nominee to hold a majority of securities. + +**\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_** + +**THE BIG ISSUES** + +* Atobitt + * I know you’ve drilled in a couple of really big points in your book about your personal feedback on some T+10 settlements + * Our main focus: + * There are these shares that are just kind of floating around, being borrowed and being lent and lent again. It creates this problem where nobody knows exactly what is going on or who owns what. + * We just know there are more shares out there than the company originally issued + * **In a perfect world, how would a naked short sale be held in account/ kept accountable? How would that go in a perfect world?** +* Dr. T: + * **In a perfect world there would be no naked short selling. PERIOD.** That’s really an exception. In most Market Maker underwriting agreements, there’s a little clause where the issuer agrees that the underwriter in the remarking agents can in fact sometimes sell more shares than they actually have in order to keep the market flowing, in order to meet demand. + * In a perfect world, if I was an issuer I wouldn’t agree to that + * **In a typical short sell situation:** + * The retail customer puts in an order to short sell the stock. + * The broker finds somewhere to borrow it so they can make delivery. + * They either pre-borrow or borrow at least within 2 days of executing the trade. + * Borrowed shares are then delivered to the buyer, who then gets all the rights, including dividends and voting rights +* Atobitt: + * So the rights are being transferred right along with the shares that are being borrowed and that shares may be borrowed multiple times, correct? +* Dr. T: + * It can, it’s not supposed to be, but it certainly can be. Because the buyer often doesn’t know they are getting a borrowed share-- right? + * There was a time, in the 70s, when broker friends, of mine would tell me they would not accept borrowed shares at settlement, because of the chance that they were borrowing a borrowed share. Basically, they would not be the buyer in a short sale. + * This is where it starts to get into the ‘not-so-perfect world’ +* Atobitt: + * The perfect segue! +* Dr. T: + * In a not-so-perfect world… the short seller, even one who borrows, may or may not “mark the trade”. I say “mark the trade” that's old school. You actually used to have a piece of paper, you would write short on that piece of paper and say “I’m sell 100 shares of something-or-other +* Atobitt: + * Are there the short sale indicators that we are seeing on FINRA reports? Ex - “Failure to mark as short sale..” +* Dr. T: + * Yeah, yeah, it used to be that you’d actually write it on paper and now it's electronic, so there is something in there. So, If the short seller knew that buyers would not accept borrowed shares, they might in fact *“forget”* to mark it short*,* right? + * So there is no record of a short sell anywhere, not at the exchange level, and certainly not… there is no indication to the buyer that they are going to be receiving borrowed shares. +* Atobitt: + * Really quick, there, so I can understand; That is, in essence, a way for them to say “Okay, The system wouldn’t typically allow for someone to take a share that’s marked as short or marked as borrowed, and by excluding that, it doesn’t give the indicator and allows it to go through the system.“ +* Dr. T: + * Right… the buyer is the one who wouldn’t allow it. It’s not that the system doesn’t allow it. +* Atobitt: + * But the buyer doesn’t know the difference? +* Dr. T: + * The buyer doesn’t know the difference. But, at the brokerage level, broker to broker, \[the short sellers\] know when they put that trade together, that they are selling short. If they don’t turn on the indicator, that's where the violations come in. Especially, post Regsho, in the ‘04 period. That became a MAJOR issue, because the number of shares circulating was so much greater than the short sales. + + * So that’s one problem that occurs, the other one is that; you mark the sale short and you ***pinky-promise*** that you’re gonna deliver the shares… but then you... “Forgot” to borrow them, Didn’t borrow them, thought you could get them but then you couldn't get them, and maybe someone promised they’d lend them to you and then at the last moment they didn’t. + + * So that's another problem that occurs, right? Even if you marked it short, you may or may not be able to get the borrowed shares to deliver. + +**TL:DR 🦍 Summary:** + +* **In a perfect world, there'd be no naked short selling.** +* In underwriting agreements, **MM or agents can sell** ***more*** **shares than they have** to **meet market demand**. When a share is borrowed, the rights of the share borrowed are also distributed with it +* Brokers can know whether something purchased is borrowed if it is marked, but often **direct buyers (retail) don’t know that they are buying short, borrowed shares.** +* There have been m**any cases of violations of brokers 'forgetting' to mark shares as short** just so they can open the short position, even if this later has a high likelihood of becoming FTD because shares without this designation are more likely to be bought by brokers. + +**\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_** + +**BYRNE AND OVERSTOCK** + +* Atobitt: + * So on that point, I think it's a great time to segue into-- You spent a lot of time in your book, talking about Patrick Byrne and Overstock. +* Dr. T: + * Yeah +* Atobitt: + * I think it speaks volumes… you were using words that I think were *very* generous, like “accidentally” or “*may not* have”, or “we left out something that we should have covered by sorry we forgot” + * Would you mind giving us an overview of what happened with Patrick and Overstock? +* Dr. T: + * Yeah, so that was really interesting… Patrick was very active, this crusader-- self-declared crusader against naked short selling. + * So there is this group called the **North American Securities Administrators Association (**[**NASAA**](https://www.nasaa.org/)**).** Every state has a securities admin, someone who takes care of the rules in their organization. + * Well, I may get some dates and names wrong.. + * This whole thing was coming out, companies and investors were complaining at the state level regarding Naked Short Selling, stock loans, and all that. + * They called a panel discussion in Washington DC at the end of 2005. I was one of the people on that panel. + * I didn’t know Patrick at the time but knew that there were people like him, investors and CEOs of companies, in the audience. I stunned them by presenting a report from the Securities Transfer Association that indicated that **of the 285 proxy vote cases examined** (votes at corporate annual meetings of shareholders), **all 285 have over-votes** + * **Over-vote is when there are more votes than shares available** + * And this happened in all cases, sometimes by a large amount + * To be clear, the problem is a little better now, **only 85% of the test cases** had over-votes but it’s far from fixed. + * So, they were really shocked… + * I put out a challenge to all the CEO’s in the audience, and I said: After this seminar **buy 10k shares of your own company** and at that time, three days later the broker is going to take money out of your account and will tell you that you have your shares. + * But go ask them if you actually received your shares. Now, if **you or I went to a retail broker and asked that question, they would say “yes, it’s right here in your account”** + * But if you’re a purchasing power or a corporate CEO, you have tighter connections and they will really dig into it to make sure. + * Eventually, **his broker confirmed to him that he did not get the shares** and that multiple attempts to purchase the shares to replace what he didn’t get failed. **There were simply not shares available to meet his purchase.** +* Atobitt: + * You’re talking $50 million worth of shares +* Dr. T: + * They’re happy to keep his money, but t**hey knew they didn’t have the shares for him.** + * But **it took him two months**, as CEO of the company that he’s trying to buy shares from, took him **two months** to get his shares + * It’s a prime example of how **retail brokers don’t know what’s going backstage**. Retail brokers know what’s going on in front of them, on the record, but not what’s going on backstage behind the scenes. + * This got a lot of attention. + * Bob Drummond from Bloomberg Magazine wrote a multi-page article called [**The Proxy Voting Charade**](https://web.archive.org/web/20060421085925/http://www.rgm.com/articles/FalseProxies.pdf)**,** which was inspired by his attendance at that meeting in 2005 where I was a panelist, where there are people voting as shareholders in matters of corporate governance which are so important, and yet their votes aren’t counted because there are too many votes coming in +* Atobitt: + * Exactly and we’re actually dealing with that right now with Gamestop - dealing with the proxy voting and Gamestop + * And tying that back in there, we had a volume chart - before we got into the peak here before the run-up we were having upwards of 180 million shares traded per day + * 197 million was the peak there - we’re talking about circulating the same stock four times +* Dr. T: + * In one day, their entire capital - so that number of shares outstanding, that’s their capital statement, that’s on their balance sheet, that’s what they report to the Secretary of State in the state where they’re incorporated about what their capitalization is like + * And in 1 day… that’s crazy +* Atobitt + * That’s incredible, a really good point. + +**TL:DR 🦍 Summary:** + +* This problem of naked shorting, and by extension, overvoting is not restricted to GME at all, in fact, it appears to be a major issue industry-wide. +* Even the CEO of the company Overstock, purchasing their own stock, couldn't have their broker find the actual shares purchased, it took 2 months before they did. +* The fact GME traded nearly 4x its float in 1 day is insane. + +**\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_** + +**ETG LAWSUIT AND NAKED SHORTS** + +* Atobitt: + * And just a couple of other points on top of that: + * That wasn’t the only lawsuit that we’re talking about here as well + * In addition to Patrick, in 2006 lawsuits were filed against 11 prime brokers for allegedly doing the same thing, and according to your book, they were conspiring to do this. +* Dr. T: + * ETG filed a lawsuit think it was settled out of court + * I don’t think there’s any public information about the resolution + * This is a really important point though because we want to talk about 65 million shares that the company issued and yet 180-210 million shares outstanding + * ETG’s complaint: + * their financial model was for shorting a particular stock included the fact that the shares were borrowed and would eventually have to close the short and replace them + * if the prime brokers were giving their funds/trade orders to a group, and that group is not borrowing the shares to deliver, then that ruins their financial model +* Atobitt + * Can you segue from this into the Triumvirate Trouble, because I feel like that’s kind of what you’re touching on here? + * So it’s not just the naked short selling, but we have these other additional factors - can you please elaborate on that? +* Dr. T + * **the triumvirate of trouble is:** + * **shorts (naked or otherwise);** + * **FTDs; and** + * **loans** + * even shorts covered by a borrowed share will increase the number of shares in circulation + * While that share is out on loan, there are actually two people claiming ownership, but only one person owns it and the other “kind of" owns it, like they have a marker and then eventually the shares will be delivered back to them and they’ll have their ownership right” + * **So even a short covered by a loan is a problem** + * And when you throw in fails to deliver, which means that long or short, you just don’t show up at settlement with shares, all of those add to the increase in “the Denominator” + * I don’t want to get too “math-y” on you but I noticed some highly educated and technical persons in your audience: so the denominator in the financial ratios is shares outstanding + * ½ is bigger than ⅓ + * So as you increase the denominator you decrease the values + * That just throws all the financial ratios out the window +* Atobitt + * High level - are the incentives for these companies to Fail to Deliver instead of just covering their shorts like they’re supposed to? +* Dr. T: + * that's a trade type question, but what I can say is up until recently there was no penalty for FTD + * It was only recently that the NSCC and others have started to put in penalties: there is flat fee penalty, per dollar penalty, daily interest penalties + * There was a paper done in the early 2000s by a researcher at the SEC that talked about **strategic fails to deliver**, i.e. they give me money and I give you nothing and I pay a little fee to whomever I failed to deliver to, in the meantime, I have your money so, for two months, Patrick’s broker had use of his money that they could use freely do to as they wish for their own benefit and interest - free available capital + * this is incentive enough, having the cash of someone else, it's only a little fine you have to pay and they can earn enough to make the cash back and more so that it's worthwhile to pay the fine + +**TL:DR 🦍 Summary:** + +* ETG filed a lawsuit that was settled outside of Court to keep things hush-hush, but it was based on their shares outstanding vastly exceeding their float. +* You will likely never hear publicly about successful cases if settled. +* Penalties have only recently been introduced for FTDs. +* What's the incentive for them? Money. It's always money. +* Before, they would take someone's cash via FTDs, to then make more cash and only get a slap on the wrist for doing so. + +**\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_** + +**DTC COMPLAINT PROCESS** + +* Atobitt + * Let’s segway into DTC oversight incompetence and their involvement + * What did the DTC do when complaints were received? + * Can you walk through how that management info system kept track of these issues? +* Dr. T + * I worked in troubleshooting in DTC, dealt with all the operational-- everything that didn’t balance in operations + * We’d send something to a transfer agent to have it re-registered in Cede & Co’s name, from Merryl Lynch or whatever, and a month later it hasn’t come back yet + * So that item appears on a list for the supervisors in the morning + * There’s a similar activity in the vault - for example, they get a break list every morning, and it says “this is what is on the shelf and this is what we’re supposed to have" + * In other words, this is what the system says is on the shelf vs this is what we’re supposed to have, and we need to figure out why there is a different settlement amount between the two numbers. + * The only one who doesn’t get this list is money, because on the money side if you don’t deliver your money by 4 pm someone’s on the phone calling you to get your money in, so that’s a whole different issue. + * In this scenario, we’re just talking about shares on the lists + * So those lists, and I know from my work in troubleshooting those lists… Those lists are sorted by VALUE. + * So we have aged fails, aged transfers, and they always come out by value and you always hit the big value items first + * u/StonkU2 **and I spoke about this as well: as the brokers continue to short, or naked short a stock, they continue selling more than buying to push the price down, and as they push the price down they can in fact keep dropping that item further down on the priority list for investigation at the DTCC because now it has a lower value** + +**TL:DR 🦍 Summary:** + +* DTC has a list of issues to rectify sorted by value alone. +* By driving the price down, the short seller not only drives the price to the ground and makes money, but because investigations are dealt with on a value basis by the DTC, the further the price goes down, so does the priority level of the issue, in the DTC’s books. +* *\* Editor’s note: Mind-blowing.* + +**\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_** + +**NAKED SHORT ENDGAME** + +* Atobitt + * So, you’re intentionally lowering and reducing the priority of a stock. +* Dr. T + * And I think a related question came up in the AMA that I read. + * I can’t remember who it was from but it was along the lines of “what happens when the company goes out” right? + * So the End Game in naked shorting is that you **deny the issuer access to capital by pushing down the stock price**, so the only way they can raise capital was if they come out and issue new stock, so now you’re getting bigger and bigger shares of equity for less and less money + * So if your stock price is up that’s when you want to issue more equity because you’re getting the interest and capital +* Atobitt + * Gamestop is taking advantage of that right now too -market price is high, it’s a good time to make some cash +* Dr. T: + * That’s the time to do it because if they need capital if they want to raise capital, that’s the way to do it + * By pushing the stock price down they are denying the issuer access to capital if the capital is really important -for example if you don’t have money to expand your business, buy new equipment, capital purchases, eventually, they can drive the company out of business + * Once they do that, then all of the fails, shorts, loans-- everything is erased because the stock’s declared worthless + * Technically, if you can’t get a share transferred, re-registered from one name to another for two years then the DTC can declare the stock worthless + * At that point, they just archive the records and shred the certificates + * One of the AMA questions that came up is related to this - **there’s so much damage done,** not just to the investors-- of course the investors suffer +* Atobitt + * Would you say about 7500 companies have been put in a coffin because of activity like this? +* Dr T: + * It’s hard to say. +* Atobitt: + * I just remember something similar to that in the book + * It’s just mind-blowing that this is that systematic. +* Dr. T: + * There are companies that get started, fail, and go out of business. That does happen, so DTC has a procedure to do this + * But the idea of it - it’s just very official + * If you can’t make a transfer in two years, it’s worthless, your broker shreds the certificates, and then that’s the end game for that asset grab in particular. + +**TL:DR 🦍 Summary:** + +* Driving a stock price down restricts the availability of capital, which in turn assists in running the company out of existence as they can't issue to generate capital. +* The ultimate goal of naked short sellers is to make the company worthless, at that point, every action they’ve taken to manipulate the stock price and hinder the DTC investigating disappears into shredders and archives. BRRRR. + +**\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_** + +**FTD’S, BANKS, SEC EXAMINERS** + +* Atobitt + * Yeah… I mean that story to me, about having the option, in audit, and all these internal controls, where do you have the incentive/opportunity to cheat the system? *that is a red flag* on top of some of these points that you have. + * In 2008 the banks that were the source of these FTDs began to see their *own* shares FTD and so to protect them the SEC stepped in **and stopped short sales against these securities but JUST the securities of those banks**. +* Dr. T + * Exactly, and that was the ?? went to congress and said they’re “Help me help me they’re shorting my company now!” but, they’re the perpetrators! +* Atobitt + * It just sounds way too familiar with what happened with Robinhood not too long ago. +* Dr. T + * And then on the other side of that coin is that, and I do need to mention this, in Europe and Asia when they stopped naked short selling they stopped it in *all* the stocks it wasn’t just the banks in the US they only protected the banks. + * That’s a really big red flag, why stop it just for the banks when they were the ones causing most of it? + +**TL:DR 🦍 Summary:** + +* Evidence and history have shown that the SEC will step in to help the FTDs of the *banks*, but they historically will **not** help other stocks such as GME. +* The evidence is that the SEC prevented naked short selling of the **bank** stocks and **no one else’s**; whereas in Europe and Asia they protected *all* stocks from naked short selling. + +**\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_** + +* Atobitt +* And so when a lot of these SEC examiners would come over to the DTC, people that are behind the scenes and outside of this we have this impression that these people are being parented. Like mom and dad are making sure the kids aren’t breaking the law, but when they would come and see you, generally the first question out of their mouth was? +* Dr. T + * What does DTC do? +* Atobitt + * What does the DTC even do? And when you mention another point in here “it is easier to pass a FINRA exam in order to become a broker than it is to get your *barber’s license*.” +* Dr. T + * In most states, yeah. Yeah. +* Atobitt + * That is just *mind-blowing* to me. +* Dr. T + * It’s not that difficult to do. A lot of times a lot of people will get hired and trained on the job *whilst* they are passing their series 7 license. + * So it’s not, look they just have to know some fundamentals there are things like a certified financial analyst right, CFAs (*Atobitt agrees*) right because that’s an official designation beyond I understand the mechanics of stock trading, it’s I know something about financial analysis behind it. +* Atobitt + * And to that point you were, I think you said 73% of the exam was basically them telling people which stocks to invest in as opposed to what the process of this is, it was like advising almost in that exam. +* Dr. T + * Yeah and that FINRA exam there’s, you can see some of the questions and sample questions, you know it’s pretty ‘accessible’ +* Atobitt + * \*sigh\* unreal. So to kind of group this in, I feel this is a good time to bring this in, what we’ve done is taken a list of questions that were pertinent to this conversation and I’ve grouped them into about 20 relevant questions like FTDs or regulation or compliance and oversight and as we’re having this conversation I’m trickling these questions in. + * And then afterward when we post the follow up which will be posted after this these people will be able to see these questions and shout those people out but we had a lot of questions on this with the regulation and I think a lot of people don’t know that these people are SROs, Self Regulatory Organisations and they don’t fall under the realm of things like the Dodd-Frank and some other regulatory acts + * So, it is just overwhelming the things you have put in your book to address this, like the triumvirate of trouble but how this is allowed to be this pervasive and the system actually *allows these people to* fail to deliver which is something, as you mentioned, we need to raise the pitchforks about. + +[u\/mortz232 Pitchfork Army is here ](https://preview.redd.it/5mg0z9k4qbw61.jpg?width=1156&format=pjpg&auto=webp&s=6f8bbe7bd0b7b19f1f4ef17dc1e796a86bde5d62) + +**TL:DR 🦍 Summary:** + +* Historically SEC examiners would approach the DTC and just ask, what do you do? (these are supposed to be professional examiners keeping brokers in check) +* Dr. T then clarifies a lot of these people (brokers) ‘learn on the fly’ and the qualifications they hold are less difficult to obtain than *a barber’s license in most states* +* The fundamental understanding of brokers is therefore suspect + +**\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_** + +**COMMUNITY QUESTIONS** + +* Dr. T + * Yeah, the pitchfork moment you have to find that point where you say enough is enough and I really need to do something. + * Um, there was a question from, I just need to go back (*go for it! Ato*) + * I don’t really speak emoji \*laughs\* Is it auto-bit? Right? I don’t know how to pronounce your handle I’m sorry +* Atobitt + * You’re not the first! It’s fine! +* Dr. T + * u/HappySheeple3 asked the question what can you do? I had a similar question from Rower like what can we do and so I need to go back and it was [**NASAA.org**](https://www.nasaa.org/) + * They put together that, a panel discussion in Washington where you know a lot of conversations took place like Overstock and NYSE was there and they had to admit some of the things they did on the proxy **so** [**NASAA.org**](https://www.nasaa.org/) **they have a button at the top of their homepage that says contact your state securities administrator right, so they are the people who are the most interested in the complaints you have about corporate governance, and what’s happening to the company in the state where you are so I did want to mention that** + * And then just on the voting itself what do you do? Like you said right now GME is in proxy season? And then there’s the story about Overstock in the book as well like what happened at their annual meeting when they got more votes in and they knew for a fact that members of Patricks’ family did not receive their proxies and so were unable to vote + * There’s a guy/website inspectors-of-election.com +* Atobitt + * We’ll link this down below +* Dr. T + * Yeah, you can, the company has to do this, the investors don’t, the company hires an inspector of elections, so like Carl Hagberg, For example, who will actually go in and try to figure out like what if you get, in my view and this is Carls’ view as well and he is much more experienced on that side of the business than I am, if you’re an issuer and you got more votes in than you have shares outstanding you should **not accept** those elections results, you should stop and get this thing straightened out + * This will help to reveal evidence if there *is* naked shorting, FTDs can be revealed like that is, there are few things that bubble up there is a lot about FTD and naked shorting that you will never find about public information. +* Atobitt + * *Intentionally* I’m arguing, intentionally too +* Dr. T + * Yes, and even *issuers* have a hard time finding out exactly what is going on with *their own stock,* this is a **long-term** problem. But there a few things which bubble up and one of them is during the annual meeting when it comes to voting + * Now after we raised this issue in 2005 there was Broadbridge, who processes a lot of this electronically, put in a service to the brokers, they can pay that if they report more shares to be voted, **THAN** they have held at DTC, then Broadbridge will tell them to ‘fix it’ *before* they tell the issuer + * And that is probably how 15% of the overvotes down, right, so they went from 100% of the test cases (Leaglese edit: being over-voted) to only 85% of the test cases, because Broadbridge will tell DTC, of the 1,000,000 million shares, 100,000 are held by Goldman, Merryl etc. So Broadbridge goes to Goldman and says you have 100,000, who does the vote go to? + * Goldman then says we have 200,000 or 150,000, Broadbridge will say sorry, you only have 100,000 so you need to fix this. Goldman then has a system where they have retail investors, within their accounts that they have more shares than actually existed. +* Atobitt + * Gamestop is bouncing between 100-200%, institutional ownership is over 100% +* Dr. T + * A really important point is the institutions have to get up in arms about this, proxy voting charade, Bloomberg magazine has a lot of details about how anybody wants to understand that issue in more detail + +**TL:DR 🦍 Summary:** + +* Actionable steps that could be taken include, visiting [https://www.nasaa.org/](https://www.nasaa.org/) and contacting their local securities administrator as *they* will pay attention, as her friend Patrick did. These are the people that want to know about this stuff. +* Dr. T’s position is that overvoting is a huge problem, and it is ***not*** solely confined to stocks such as GME. In fact, even now 85% of stocks are over-voted and that’s because of the influence of a company who deals in trying to fix it, before, 100% of stocks in 200+ test cases were regularly overvoted. +* Where a stock is over-voted, this provides *proof* the stock is naked short sold and/or has a high number of FTDs. A problem prevalent throughout the industry. + +**\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_** + +**AUDIOBOOK - NAKED, SHORT, AND GREEDY** + +* Atobitt + * By the way, you have a huge demand for an audiobook right now too. Maybe we can talk a bit more about that offline? +* Dr. T + * So, I just wanted to say I have talked with the publisher and he is in London so he is, in contact with the Royal National Institute for the Blind, and that’s not an audible book, for commercial purposes, but we are trying to make it available for those who are sight-impaired +* Atobitt + * You heard it here first, so got that in the works, that is incredible, that is excellent + * Would you mind if we went ahead and transitioned into looking at the evidence? So we’re trying to lay out the groundwork of what has happened here we have these shares that are just rehypothecated to oblivion. + * We have the DTC that is not really… doing a whole lot to kind of, or any sort of agency that is in charge of, they’re more incentivized to keep the problem going and we’re trying to blow the lid off of it but looking at the evidence going forward I am going to be writing a lot of the stuff we talk about here in HOC 2. + * You mentioned a bunch of stuff in the book about a bunch of these numbers that I’d like to go over at a high level and we can discuss what the implications of some of those might be. + +**TL:DR 🦍 Summary:** + +* Dr. T and Atobitt think it is a great idea to make this information available to apes who are sight-impaired, and the mods of r/Superstonk think so too. +* Ato prepares to dig into the evidence to support the position. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +See part two here (too many characters for one post): + +Part two includes: + +\-**THE EVIDENCE** + +\- **GET OUT OF JAIL FREE** + +\- **PUTTING THE** ***FAIL*** **IN FAILURE TO DELIVER** + +\- **NEW RULES, AND HOW WE MAKE A DIFFERENCE** +\- **HOW THE EURO-APES SAVE THE DAY** + +\- **FOR NOW, IT’S GOODBYE** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ +EDIT: u/Tyrant-Tyra has graciously done an excellent [audio recording](https://youtu.be/rxcjnqdThsg) of this post if you would prefer it read aloud! + +I want to preface that this research was only possible because of the prior DD's from our wrinkle-brained geniuses who figured out the FTD cycle. These are some of the apes who deserve your appreciation: [u/Criand](https://www.reddit.com/u/Criand/) \-- [u/HomeDepotHank69](https://www.reddit.com/u/HomeDepotHank69/) \-- u/Gafgarian \-- [u/1mag1n3\_cgh](https://www.reddit.com/u/1mag1n3_cgh/) \--- [u/Secure-Ad1612](https://www.reddit.com/u/Secure-Ad1612/) \-- [u/Leenixus](https://www.reddit.com/u/Leenixus/) \-- [u/INERTIAAAAAAA](https://www.reddit.com/u/INERTIAAAAAAA/) \-- [u/Suspicious-Singer243](https://www.reddit.com/u/Suspicious-Singer243/) \-- [u/ihatedmyboss](https://www.reddit.com/u/ihatedmyboss/) + +In other words, I stand on the shoulders of giants. Now on with the show, and please remember: + +https://preview.redd.it/e5i39i8xec171.jpg?width=1828&format=pjpg&auto=webp&s=eb0d973e368a19539aeb2b2bdc8e7975c4910577 + +# I shit you not, I did this google search to see if there are any macro-societal patterns that relate to 21 and 35 day cycles and this is the first search result that appeared: + +[WHAT THE FUCK](https://preview.redd.it/anqb3blv0b171.png?width=708&format=png&auto=webp&s=13f893ca8355fecb2c6a1d01833c8546139a2e5f) + +# A couple things to unpack here: + +# 1. + +The menstrual cycle specifically mentions 21 and 35 days! COHENcidence?! I THINK NOT! + +&#x200B; + +[https:\/\/www.mayoclinic.org\/healthy-lifestyle\/womens-health\/in-depth\/menstrual-cycle\/art-20047186](https://preview.redd.it/0jva3zit3b171.png?width=473&format=png&auto=webp&s=4b1ce6e1c64f22a243a266874350ece8b4f45243) + +THEORY: THE FTDs ARE OVULATING. + +Or maybe it's Kenny him(her?)self who is ovulating? Either way, this could POSSIBLY mean that the squeeze could be two to seven days. + +OR the other prevailing theory I have is that the MOASS timeline is equivalent to a pregnancy and it will be a gradual upward rise over 9 months and it crowns sometime in the 3rd trimester (that's a word, right? idk I've never had a baby before lol). + +From this logic, I have two questions. First, IS Ken pregnant? If yes, WHEN did Ken get pregnant (need wrinkle brains to help me with the insemination date)? And third, what will that baby look like? My theory is that the birth will be bad for Ken and good for us. That explains why Ken keeps trying to push the baby back inside. + +&#x200B; + +[How Ken feels every cycle](https://preview.redd.it/qbmcei8unc171.png?width=300&format=png&auto=webp&s=1460c4ae24e69e96c03bb540756b23986680366b) + +# Running with this logic, here is what I think the baby will look like: + +[mothafuckin' yes please](https://preview.redd.it/5iviai107c171.jpg?width=1649&format=pjpg&auto=webp&s=0b211250d2a5deab70b0f3c4a417145e85dc8fe2) + +# 2. + +[http:\/\/www.bbc.com\/earth\/story\/20150420-why-do-women-have-periods](https://preview.redd.it/x7tc26154b171.png?width=603&format=png&auto=webp&s=04f3ee995103a7bbba1be8a28badb88101abd425) + +Because of this information, we can safely conclude that Kenny is either: + +1. A human +2. A primate +3. An elephant +4. A shrew +5. A bat + +We can also safely cross off primate/monkey/ape because I think we'd be able to tell if Kenny was one of us. And I read somewhere that elephants don't like mayonnaise. And he is too ugly to be a cute little shrew. So that leaves **human** or **bat**. More on this in a bit... + +# 3. + +[http:\/\/www.bbc.com\/earth\/story\/20150420-why-do-women-have-periods](https://preview.redd.it/5neat96inb171.png?width=512&format=png&auto=webp&s=06a1e2315e62de631505db815667fa2dd8efea3e) + +DISCLAIMER: I am not a MATHEMAGICIAN. + +Because we can safely assume that Kenny complains a lot, we can accurately guestimate that his flow is at the upper end with 90mL. And as of my writing this, today's big green dildo volume so far is 11,338,832 shares. + +11,338,832 shares divided by 90mL equals 125,987.0237 shares per mL. + +That equates to **125.9870237 shares per Liter of mensuration fluid**. More on this in a bit... + +# 4. + +https://preview.redd.it/anqb3blv0b171.png?width=708&format=png&auto=webp&s=13f893ca8355fecb2c6a1d01833c8546139a2e5f + +Bringing it back to the first image. The top result is from the [MAYO CLINIC](https://www.mayoclinic.org/healthy-lifestyle/womens-health/in-depth/menstrual-cycle/art-20047186). MAYO?! Another COHENcidence?! I THINK NOT! + +It seems to me that Mayo has slowly been turning against Kenny. Oh how rich is that...his beloved mayonnaise, the [mayo he won't share with others](https://www.reddit.com/r/Superstonk/comments/n8tvrx/my_friend_had_dinner_with_kenny_g/), is GIVING US THE BREADCRUMBS to his demise! Not only that, but MAYO is comprised of mostly eggs and oil! What happens in an ovulation cycle? The eggs get YEETED from the uterus. + +https://preview.redd.it/bfr2021vjh171.jpg?width=1052&format=pjpg&auto=webp&s=3ffdab315eb9e2d1353fdbca83ae086603706440 + +I CANNOT CONFIRM THIS NEXT PART DUE TO ONLY HAVING CIRCUMSTANTIAL EVIDENCE... + +But I am positing that Ken's yeeted eggs are being used to make his mayo. And it looks like he's running out of eggs. Which means he's running out of his precious mayo. Less eggs equals less mayo and then the cycle gets worse and worse. Which means we are pushing Ken further and further into the corner of desperation. What the fuck is gonna happen when Kenny **RUNS OUT OF MAYO**?! + +[BOOM](https://preview.redd.it/y5aeja6mmc171.jpg?width=500&format=pjpg&auto=webp&s=a8f5975d5639f4cd288d9fb3a9347284dcf35f7c) + +# SIDENOTE: We should totally make this and everyone can buy it except Ken muhahahaha + +[EuroApes can dip their France Fries in this!](https://preview.redd.it/4bimr4dwoc171.png?width=860&format=png&auto=webp&s=563793b5c3999fd912ed18b9d1b78a5ca100b22c) + +# 5. TYING EVERYTHING TOGETHER; THE THEORY OF THE MENSTRUATING TRIANGLE OF CARDS - PARTS 1 thru 69. + +There are some possible conclusions that I have drawn up, but I am open for more interpretations. After all, the power of this group comes from our ability to crowdsource and crowdverify! So please feel free to chime in so together we can find the \~TRUTH\~. + +# a. Kenny is actually a human woman (loosely) + +and the FTD's are actually her ovulation cycle. The bigger the flow, the greener we go (looks like Kenny's bleeding hard right now). I'm not a big fan of this theory because that would mean that Ken pulled a Mulan and I don't think he's cool or badass enough to do that. So moving on... + +# b. Kenny is a man with EXTREME MOMMY ISSUES. + +Oh NOW we're cooking! I'm talking "Homelander sucking on teet" level mommy issues. KENNY might not be the one ovulating, but *maybe* he has a weird **obsession** with menstruation and he is synced up with someone in particular? + +[Kenny: \\"ooohhh yea baby, breast milk mmmmm all for me gulp gulp ahhhh\\"](https://preview.redd.it/ivi225h32b171.png?width=1400&format=png&auto=webp&s=99c1ec57879aff1dfce02af33dbbfe523794ccf1) + +In college, I lived with 2 female roommates for a year and I'm pretty sure my moods synced up with their cycles at some point, so this theory is not out of the question. Right now I have no definitive evidence towards the identity of this unknown human female. Is it his ex-wife? Or mother? An old flame? I don't know, so I would love the group to help me discover this missing link. + +# c. Kenny is a vampire. + +You fucking read that correctly. + +Before I dive into this theory in full, I need to bring [this article](https://www.bloomberg.com/news/articles/2020-01-20/citadel-securities-agrees-to-97-million-settlement-in-china) to your attention. + +[Headline of the article](https://preview.redd.it/zrcmwyilrc171.png?width=677&format=png&auto=webp&s=f059c7b5f0303a0c1c33c9f9fbf3438c9668b322) + +Snippet of Article: "Citadel Securities LLC agreed to pay a 670 million-yuan ($97 million) settlement for alleged trading irregularities during the 2015 market rout in China." + +So we know for sure that Kenny has been doing business in China for a while. And we know he's been fucking up more than just the American markets with his shady business dealings and China fined him for it. + +Now, remember when we learned that Kenny is either human or a bat (see Point 2). Well if we run with the "he's a bat" theory and also couple in the fact that he's a blood sucking leech (the hedgies killed Toys r Us and many other companies), then I think we can safely conclude that it's entirely possible he's also a vampire. + +This would also explain the fascination with the menstruation cycle. Sorry to gross you out, but what if this was also his *feeding schedule* 🤮? Vampires need blood from somewhere, right? It all fucking connects. + +But wait, there's more! We've got Kenny is a bat, and China doesn't like Kenny. Kenny doesn't seem like a person who takes a spanking without spanking back. Which leads me to this: + +Wasn't there some huge worldwide event that happened because of a bat and was related to China? Hmmmm I can't put my finger on it. OH WAIT! + +[https:\/\/www.nytimes.com\/2020\/01\/08\/health\/china-pneumonia-outbreak-virus.html](https://preview.redd.it/gk95xmtctc171.png?width=621&format=png&auto=webp&s=67e07eff6de420e95120b77fde08c29cbc86bf5f) + +Looks sus to me. Where the fuck was Ken in January 2020? Well I'm not exactly sure, but I know where he WASN'T. + +[Washington Post: Trump signs ‘phase one’ of trade deal with China as House moves on impeachment](https://youtu.be/3eUXZ_LLhfo?t=1711) + +This is a video of then President Trump signing the phase one trade deal with China. Ken was one of the individuals who was thanked during the ceremony. But he wasn't there when Trump called his name. Trump even remarked, "Where the hell is he--he's trying to hide some of his money...where the hell is Ken?" + +So if Ken wasn't where he was supposed to be, then where WAS he? + +# 6. THE WILDLY INCONCLUSIVE CONCLUSION: + +Ken was in China concocting the Coronavirus. Because China hit him with the fines, he wanted payback. So he created COVID-19 in a lab and injected himself and then fucked some bats while he was in his bat form. I feel bad for those bats because they probs thought it was going to be a long-term relationship, but they got played and ghosted by Kenny. Obviously this had to start in 2019, but we know for sure he wasn't with Trump on January 15, 2020. So we can't rule out that he WASN'T in CHINA when it all went down, ya feel? + +I don't know if he planned for it to become a whole worldwide pandemic, but that doesn't absolve him. Or maybe he did it all knowingly. Who knows?! Either way, his plan for world domination failed and now we are hitting back with a vengeance just like [this watermelon to the face](https://youtu.be/8cfeTZNcA3g?t=18): + +[BOOM! RIGHT IN THE KISSER!](https://i.redd.it/3va17kzk9c171.gif) + +# 7. ONE LAST CONNECTION... + +...and it's a fucking doozy. Remember how Citadel's fine to China was 670 million yuan? + +And then remember that 125.9870237 shares per Liter of menstrual fluid? + +If we divide 670,000,000 by 125.9870237, we get 5,318,008. + +# Press play to blow your mind. + +[BOOM](https://reddit.com/link/nllceu/video/2pjbxutpch171/player) + +# It all fucking fits. It's Kenny's obsessions: the bat, the woman, and the mayo...my God, what have I uncovered?!... + +[the new book by CS Lewis](https://preview.redd.it/strutcueeh171.jpg?width=262&format=pjpg&auto=webp&s=22db93fd6852d19b10cfcb4d233848b6ca7c582a) + +# IN SUMMARY: + +[the overall evidence is damning. also this venn diagram makes no sense out of context lmao](https://preview.redd.it/myzyx4tyah171.jpg?width=1094&format=pjpg&auto=webp&s=0d004404467e233b2209a936042878e1adb718be) + +I know you feel like a wet tampon right with all the info you've absorbed. Trust me, I feel it too. Between this discovery, GME pushing 250, and the ass banana, I haven't been able to sleep soundly. This is the biggest case I've ever worked on and it's my journalistic duty (lol) to bring you the hard hitting scoop. Where we go from here is up to the community to decide. + +The obvious plan of action is to find his weaknesses and exploit them. His crux could be his mother like in the Halloween movie series. Or maybe it's the mayonnaise and we would need to contact Hellman's. Or maybe it's the vampire, which we would need sunlight or some steaks right to his heart... + +https://preview.redd.it/whg6n5hgfh171.png?width=800&format=png&auto=webp&s=f0cdec32abb7227462e58ce568cd61cda43aee0c + +That's all I have for now. I need to get some rest. I look forward to seeing what answers you guys come up with. Thank you for coming to my TEDxTalk and please watch this [youtube video](https://www.youtube.com/watch?v=dQw4w9WgXcQ) for supplemental information. +[https://i.postimg.cc/ZqPMmZQC/ally.jpg](https://i.postimg.cc/ZqPMmZQC/ally.jpg) + +Just got this in an email and thought I'd share. They'd been waiving them automatically during the pandemic but have now made the change permanent. +My friends and I are in our late twenties and most of us have started looking at property as a result. + +I just got onto the market - a 1980s double brick apartment roughly 30 minutes from Sydney CBD. + +When my friends heard about my purchase, I received some hesitant congratulations from my friends. I asked about this and got told that many did not understand why I chose an apartment when I could squeeze in a 2 bed townhouse 15 minutes further out on the train line or a house in another state. Maybe even a small house over an hour out from the city centre if I got lucky. + +Maybe its because I myself grew up in apartments but I just don't get this mentality. I spent a substantial part of my life living in Singapore - where apartments were much smaller and, generally speaking, built with worse materials. Here, the older apartments are comparatively good value - sound proof, well insulated, solidly built and most have great floor plans. In terms of the finance side of things, if a building is 30-40 years old, it would already have fully depreciated - which means you wouldn't be overpaying for the novelty factor. Ongoing costs are also likely to be low and, if you buy within a 6 to 10 unit block, you end up with quite a bit of land. Yes, I know the price is still expensive but so is everything else in the Australian market. If anything, because of how quickly freestanding house prices are rising, I would actually say apartments are currently undervalued. + +For those of you who want a house - if you want to start a big family, I see where you are coming from. But if you are a DINK couple or even a single FHB (like a lot of people here are)...is buying a house in an unsafe area on the fringe of the city really better? Is buying one place and renting another that much more profitable (because, let's be honest, its definitely less emotionally satisfying)? Are you really going to move cities and leave friends and family behind so that you can live in a house? I've even got friends who refuse to buy anything but a house...so they are now renting in perpetuity...all of this is just a bit perplexing to me... + +Again, maybe because of how I grew up but I really don't see the downsides of apartment-living for the average kid-less person. Yes, obviously a house in the exact same street would give more returns and would give you a better lifestyle overall. However, when you can't afford that, is it really worthwhile to make all these sacrifices just so you can say you own a house? + +\[NB: When I say apartment, I mean older apartments - not your opal tower apartments. The latter I agree is a stupid choice\]. + Introducing Karen coin. I mean everyone knows a Karen, don’t they? + +&#x200B; + +Karen has become a widespread meme referencing a specific type of middle-class white woman, who exhibits behaviours that stem from privilege. Like the meme, this token is becoming extremely popular. + +&#x200B; + +\-Ownership has been renounced + +\-Liquidity is locked + +\-Lower entry/exit fees + +\-Rewards for holding + +\- The most dynamic marketing schedules the crypto space has ever seen + +&#x200B; + +Karen Coin is the cleanest, most transparent, community-based cryptocurrency in history! What’s not to love? + +&#x200B; + +Meme Tokens alone represent a 20B dollar industry! Karen Coin has seen the potential in meme coins from the beginning and have noticed security and safety issues are very prominent, which is an area where we see opportunity. + +&#x200B; + +They are now launching - Karen Approved! A place where coins will come to list their projects and have their chance to show off their legitimacy to the world. + +&#x200B; + +They will be listing coins at all stages of their lifecycle at both pre-sale and launched. They will provide clarity for investors looking to make safer investments and point out those that are risky and not as risky. + +&#x200B; + +As of today, they will begin accepting project ideas for ICO listings. They will only accept up to 100 applications after which they will then provide exposure to their audiences and bring a collective of crypto lovers together from other communities to vote on project ideas for launch. + +&#x200B; + +On top of this, they will be offering audits on the winning coins to allow for more transparency for investors at the very earliest stages. These audits will only be paid in Karen Coin. + +&#x200B; + +To list your coin for an ICO please refer to this sign-up form and submit your project idea -[https://www.karencointoken.com/ico-sign-up](https://www.karencointoken.com/ico-sign-up) + +TG - [https://t.me/karencointothemoon](https://t.me/karencointothemoon) +# 💣The token that's been designed to EXPLODE💣 + +Parabolic Token has been carefully designed to achieve a single purpose – GOING PARABOLIC! Super addictive game and tokenomics will benefit the coin and consistently take it to new heights. Game will be released in November, so don’t miss your chance to get in early! + +📝Whitelist competition is filling up, 1000s of entries. HURRY! + +**👇** *Link to enter Whitelist competition***👇** + +**gleam.io/R21PW/parabolic-dxsale-whitelist-competition** + +# 🔥 Tokenomics 🔥 + +Tokenomics have been perfectly designed to ensure there is constant buy pressure and high volume. Low taxes enable users to swing trade without being punished with enormous taxes. + +* **Initial Total Supply 1,000,000,000,000** +* Initial Game Liquidity (Locked) 200,000,000,000 +* Dxsale Whitelisted Presale 631,890,600,000 +* Private Presale 168,109,400,000 + +🔥 **3% Buy Back** Unlike most other coins that simply buy back tokens and send them to a dead wallet, team will buy back the tokens and automatically pair them with multiple liquidity pairs. This will increase the floor price of the coin and generate a higher transaction volume to keep the liquidity pools level. Team will pair liquidity in 8 different pairs BNB, BTC, ETH, BUSD, USDC, USDT, DOGE, CAKE. + +🔥 **3% Deflationary Burn** Most other coins simply burn tokens by sending them to a dead address, team burns tokens by completely removing them from supply. This constantly decreases the liquidity to market cap ratio and therefore increases the individual price of each token. Team fully expects this tokenomics to remove at least 20% of the supply from existence within 24 hours of launch. + +🔥 **3% Auto-Liquidity** Nothing says a healthy token like having a ton of liquidity! Having a large amount of liquidity increases the stability of coin and reduces the impact of any sells on the chart. Reducing the impact of sells is vital to keeping a chart moving upwards. + +🔥 **3% Game Development** This percentage of all transactions will be used to fund the development of the game. The moment that game is paid for and released, team will update this tokenomics to a 3% reflection that rewards the holders of the coin. Team expects to update this tokenomics at some point in November. + +# 🚀 When does it launch? 🚀 + +Presale goes live on the 30th of September 2021 at 23:00 UTC. More details can be found on [presale](https://www.parabolictoken.com/presale.html) page. **Here also you can find Whitelist competition, which is up and running right now!!! Filling up pretty fast as well!!!** + +# 💳 How To Buy? 💳 + +Parabolic has not launched yet. Details of how to but will be found on this [page](https://www.parabolictoken.com/how-to-buy.html) as soon as the coin is live on [PancakeSwap](https://pancakeswap.finance/). + +# ☎️ Contact ☎️ + +🌎[Website](https://www.parabolictoken.com/index.html) | 💬[Telegram](https://t.me/ParabolicToken) +For over a year, I have asked GME to moon so that I can stop waking up to an alarm clock at 2:45 in the morning. I yearn for the day that I can turn it off. Is today the day? I seriously can't with my emotions right now. Absolutely trying to keep them in check and handle expectations, but with RC buying more stock, with the beta of the NFT marketplace website out (astronaut by the way on the front of the website), I am just... I can't. To be able to support my family, to be able to finally be done this bullshit... I am so fucking excited. Had to get this off my chest. I love you guys so much. The ONLY depressing thing is that I just couldn't afford more than 70 shares. They are all DRS'd tho and fore that I am grateful. Much Love!!! +I'm new to REI, and I've decided to put together a spreadsheet to help me evaluation various properties. I'm *kinda* confident that I didn't screw anything up, but I'd love you guy's feedback on it: is it wrong? Is there anything missing ? Is it ugly? (I probably already know the answer to this one) + +You can find a link [here](https://drive.google.com/file/d/1R0wi2htTKPjSrMkQNtIYXWXfJ9NB8Wdo/view). You *could* just view it in Google Drive, but it's easier if you download it and view it in Excel. +It has been more than two years since RC bought GME. He made his initial statement to the board. He took it over, turned it around. Same with this sub. The investors made their own decisions to invest in GME. It could have been for squeeze or for long term investment OR both. This sub has come a long way to the conclusion that it runs deeper than buying into the investment. MSN is not how this sub should be recognized. It should be known for how apes found out how corruption runs rampant in the so called “free market in the US” how MSM is part of them problem in spreading misinformation. IF RC DON’T SAY SHIT NEITHER DOES THIS SUB!! Let them find out through DD! That’s my two cents. +Hi everyone, + +My mom was given 2-6 months to live after her fight with breast cancer took a very bad turn. She's closing up her business which provided health insurance and paid her $1000 a week. + +She'll have no insurance or income in a week or two. Without saying too much she's under the age of retirement, has less than $2000 in her bank account, and is single in NJ. What options does she have for government assistance? + +EDIT: I'm shocked at how quickly this blew up with information and I'm so thankful. + +-Will definitely be reaching out to hospice social worker about options. + +-Unfortunately, all of her life insurance is term with no cash value. + +-Her business and assets are essentially worthless since they either make no money or she owes more on them then they're worth + +EDIT 2: This really supplied so much more information than I could have imagined and again just want to say thank you. There's simply too many posts and comments and questions to respond to, but I am reading them all. +I’m curious why many talking heads you see on news or other sources are not predicting at lease home values returning to 2019 prices somewhat quickly. + +Maybe I’m wrong but we have seen rates go up and they are currently almost double what they where in 2019. Plus we are seeing more rental units being built and ready to come online soon. We are projected to have more layoffs. Currently we have some of the highest rates of young people living at home with parents. More company’s are demanding workings back in the office and no longer allowing work from home full time. And the average home is way higher then the average wage. All this would make me believe that since home prices shot up with record low interest rates and many people moving out of cities to lower cost of living areas these rents should reverse just as fast as they set in. So i would think in a maximum of a 2 year time should see homes go back to the 2019 price ranges. Could someone explain why this reasoning would be wrong. + +It’s hard to get my head around how people are listing dumpster fire homes still for half a million. +So I was listening to an interview with Howard Marks & Joel Greenblatt, called "Is It Different This Time?" (google it if you haven't, its fantastic) and one of Joel's talking points about the euphoria we've reached in the stock markets is that: + +* He took the 100 least profitable companies in 2019 (pre-covid) +* As of early 2021 all 100 companies have posted a 100% return + * (Share price at end of 2019 - Share price End of January 2021) / (Share price at end of 2019) + +I thought that statement was bonkers, so I took a list of NYSE + NASDAQ companies \~ 6500, excluded SPACs/warrants and anything that through an error in google sheets (lazy I know), which left around 5000 equities. + +&#x200B; + +* Of the 5,000 equities, Over 3,130 have posted a >100% return from their 52 week low +* Of the 5,000 equities, Over 500 have posted a >500% return from their 52 week low + +So I try to rationalize these as buying opportunities as a result from COVID but when I filter the 5,000 equities to only include companies w/ a TTM EPS of <0, I am left with 2,500\*\*.\*\* + +**2,500 unprofitable publicly traded companies.** + +So 2,500, or \~50% of the total universe of equities on NYSE + NASDAQ, over a 12 month window, have not been profitable (as defined by TTM EPS <0). + +What blows my mind is of these 2,500 "unprofitable companies" : + +# 1,795 have had a >100% return from their 52 week low + +# 500 of the have had a >50% return YTD + +WTF? + +* 50% of all publicly traded NASDAQ/NYSE companies are not profitable + * Filter 1 = only list equities where TTM EPS <0 + * Result = 2500 +* Yet 35% have posted a 100% return from their 52 week low + * Filter 1 = only list equities where TTM EPS <0 + * Filter 2 = Filter 1 + only list equities where ((current price - 52weeklow)/52weeklow) > 100% ) + * Result = 1795 +* And 10% have had a **2021 YEAR TO DATE RETURN OF > 50%** + * Filter 1 = only list equities where TTM EPS <0 + * Filter 2 = Filter 1 + only list equities where ( (currentprice - price on 1/1/21) / price on 1/1/21 ) > 50%) + * Result = 500 + +&#x200B; + +I mean guys, do this yourself if you don't believe me - it's literally 5 GOOGLEFINANCE functions a bunch of pivot tables in excel. + +What I dont have is a relative basis for comparison, e.g if these numbers are normal in a pre-covid environment, e.g. 5 years ago, 10 years ago, etc. + +I mean I love a good rally, and i'm definitely in some risky small caps but when I see companies like SOUTHWEST AIRLINES posting negative quarter-over-quarter earnings, **yet its trading back at pre-pandemic levels** I have come to one of two conclusions: + +&#x200B; + +1. **My math is wrong and I am in a moron** +2. There will be a "major correction" in 2021 + +I would love to get feedback from the community at large, especially from the contrarians and old timers. Also, if one were to "capitalize on a major correction in the next 12 months" what would you recommend? Buy VIX? + +&#x200B; + +Thanks reddit. + 🚀🚀 ElonTech (ETCH)🚀 🚀 + +A true 1000x goal expected in 2021! 10% Burning tokens and promotions to blast us to this every month. + +ElonTech ($ETCH) is a Community-Driven token! No rugs or whale dumps!✈ + +First Tech Valley Token on Binance Smart Chain and performing perfectly since day one. Our goal is to reach 1 dollar. And this is how: + +\- Within 28 days from 0.000001 to 0.00004 + +\- Claimed no. 1 trending on CMC + +\- Frequent burns🔥 + +\--Promotions and Transparency + +\-First silicon valley token and paving the way for more projects like ours. + +Already gained Mainstream Media attention and to bring popular Cryptocurrency Concepts into one, easy to understand Project. + +📝Token Information : + +◼Name : ElonTech + +◼Symbol : $ETCH + +◼Blockchain: BEP20 + +◼Total Supply : 34,979,803,438,049.375 + +◼Holders: 7000+ + +📝What is $ETCH.? + +✅Community-Powered + +✅Developing Tech Valley + +✅Target to reach $1 by 2021 + +✅Secure and Safe + +📝Our Values : + +✅Transparency + +✅Community + +✅Trust + +✅Dedicated to 1000x! + +📝CEX Listing and Audit soon + +📝Successful IDO and Presales + +📝Contract Address : 0xC66c8b40E9712708d0b4F27c9775Dc934B65F0d9 + +◼Website: elontech.finance + +◼Twitter: twitter.com/ETCHToken/ + +◼Telegram Group: t.me/ETCHToken/ + +◼Proof of its progress: + +Poocoin chat : 0xc66c8b40e9712708d0b4f27c9775dc934b65f0d9 + +Come, Join the Mission. 🚀 + +\- Buy using MetaMask or trust through Pancakeswap or Bogged Finance using the below links. Make sure to use one of the below links + +Bogged Finance: + +bogged.finance/swap?token=0xC66c8b40E9712708d0b4F27c9775Dc934B65F0d9 + +Pancakeswap: + +exchange.pancakeswap.finance/#/swap?inputCurrency=0xC66c8b40E9712708d0b4F27c9775Dc934B65F0d9 + +Contact Address: + +0xc66c8b40e9712708d0b4f27c9775dc934b65f0d9 +&#x200B; + +https://preview.redd.it/n1fmh51o50471.png?width=1600&format=png&auto=webp&s=2ddc19921e67aec17363bd79e36b8bab3d49ae37 + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +https://preview.redd.it/3kljlpxp50471.png?width=680&format=png&auto=webp&s=c9e30be6231a5c6e5c448c80a5e2e7ed3727ce10 + +# Happy Birthday u/deepfuckingvalue!!! + +&#x200B; + +https://preview.redd.it/zpn5qrjbe0471.png?width=674&format=png&auto=webp&s=52238546149eb873d4e44644d8cd0c5db4883318 + +Happy birthday buddy, I hope people won't spam the sub with these messages and keep it all in one single thread somewhere + +&#x200B; + +# Direct from the source! Eric Cerny, Head of Investor Relations + +originally screenshot posted by u/Lancerevo012 + +&#x200B; + +https://preview.redd.it/zvp3vq7460471.png?width=640&format=png&auto=webp&s=b027517262a0fa4430a841b9dcf8340291b28b48 + +**“SEC filing with the final results of voting...within four business days of the meeting date”** + +Just so people are aware you won't hear about the Vote count ON THE DAY itself, it will be a few days. + +&#x200B; + +https://preview.redd.it/kia93ama60471.png?width=960&format=png&auto=webp&s=4332d87c4029c7678962b1233476411b20259352 + +Also another thing we do need to keep in mind is that even though we'll be getting the numbers we have heard from previous AMA guests that they can do everything they can to make it look like it isn't as bad as it is, I know because suddenly my Bank couldn't let me vote because there was an "error" with uploading all the people in the database for american voting and would be resolved the 18th. + +So I have a gut feeling that we will have millions of users all around the world who will be fed some form of BS why they can't vote, and GME won't know about it. + +&#x200B; + +# Update on GME short Data + +The following Data is from [https://twitter.com/Annihil4tionGod](https://twitter.com/Annihil4tionGod) he's great with data and I'm very thankful for him being so kind to provide this to us. + +&#x200B; + +https://preview.redd.it/7fz5sh6k70471.png?width=4096&format=png&auto=webp&s=b924ab9a87f454ca6edb8d657ea541e81bfe1f13 + +I can finally provide an update on GME Short data. Compared with my earlier work this contains the information provided by: [http://regsho.finra.org/regsho-May.html](https://t.co/6BwhxUpWP6?amp=1) and new: [https://cboe.com/us/equities/market\_statistics/short\_sale/?mkt=byx…](https://t.co/k9fRZmaL0O?amp=1) Still not accurate because data is not available, but more accurate then before. [\#GME](https://twitter.com/hashtag/GME?src=hashtag_click) [\#Superstonk](https://twitter.com/hashtag/Superstonk?src=hashtag_click) + +[@rensole](https://twitter.com/rensole) [@RedChessQueen99](https://twitter.com/RedChessQueen99) + +[http://fintel.io](https://t.co/pCTwICFshn?amp=1): "If the short sale volume increases as a percentage of the total volume, then that suggests a bearish sentiment \[...\]. If short sale volume decreases as a percentage of total volume, then that suggests a bullish sentiment." + +\----- + +Dear fellow investors, I took me some time to produce all these charts, but its finally done! Heureka! I can give you an insight on "How to trick retails with data" - based on the data published by [https://fintel.io/ss/us/gme](https://t.co/l9FCWviIol?amp=1) for GME. 1/5 + +&#x200B; + +https://preview.redd.it/ayg0432080471.png?width=4096&format=png&auto=webp&s=d0868dac55b96962351708100bc329cc8cfea33a + +As you can see below - I got another results for the Short Volume Ratio. But how is this possible? The next picture will tell you why. 2/5 + +&#x200B; + +https://preview.redd.it/8sxo42z280471.png?width=4096&format=png&auto=webp&s=bcbcf9fbdc594ac70d0484e54064c1b3ded6be23 + +Instead of calculating the Short Volume Ratio = Reported Shorts in Data you use / ( Reported Volume in Data you use / 100 ) - [@fintel\_io](https://twitter.com/fintel_io) decided to use: Reported Shorts in Data you use / ( Total Daily Volume / 100 ) Perhaps just a mistake, fixed that for you - oh SVR is high. 3/5 + +&#x200B; + +https://preview.redd.it/o81uu6u780471.png?width=4096&format=png&auto=webp&s=feb5caa7090e9d19a86b594e6411c283a80f1b79 + +The Following Charts shows my Calculation on Short Volume Ratio (based on Data from RegSho and CBOE) - [@fintel\_io](https://twitter.com/fintel_io) s calculation in orange while the grey line is the SVR i fixxed for [http://fintel.io](https://t.co/pCTwICFshn?amp=1) No need to thank me. 4/5 + +&#x200B; + +https://preview.redd.it/qn81b10c80471.png?width=4096&format=png&auto=webp&s=37c5646667c955c949aebcf08ce45fcd5d25071b + +Last but not least a short comparison of [http://fintel.io](https://t.co/pCTwICFshn?amp=1) and me. - And to conclute the results short📷: The Short Volume Ratio is way higher then [http://fintel.io](https://t.co/pCTwICFshn?amp=1) is reporting what could mislead investors. 5/5 + +&#x200B; + +https://preview.redd.it/xw17p0af80471.png?width=1649&format=png&auto=webp&s=824198d321e261d0aca233a75961467dafcc921d + +\---------------------------------- + +I've copied his screenshots and his comments verbatim, as it's either ok to use all of it or none of it 😉 + +So Judging by this I AM BULLISH MY BOYS! + +the fact that an institution like Finra and Fintel are able to blatantly manipulate their numbers in such a way and still be able to get corrected by a couple of smooth brained apes is amazing in my book and not in a good way, which also wraps up nicely into my next point. + +&#x200B; + +https://preview.redd.it/b8nrrptk90471.png?width=680&format=png&auto=webp&s=4f2c7e047610176963ad51671406c0407428cecc + +# Fintel knows it did a fucky wucky + +u/dlauer did a thread on it [here](https://www.reddit.com/r/Superstonk/comments/nuidlk/finra_regulatory_notice_2119_new_short_sale/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +&#x200B; + +https://preview.redd.it/mq13nwqy90471.png?width=960&format=png&auto=webp&s=96603904e010bbd97d4cf33bc59f9562b66f9a6c + +# Largest Reverse Repo of all time.. + +&#x200B; + +https://reddit.com/link/nv0kes/video/iglbpp0ca0471/player + +# Wes Cristion's interview from yesterday + +"The FCC has fined a bunch of them ... for pre-programing computers to say a hard to borrow stock is easy to borrow" - Wes Christian + +So... + +https://preview.redd.it/ofpbwxukb0471.png?width=1191&format=png&auto=webp&s=67e9d71d8a2c4317c644888fafce90c1b993de0a + +This 1% has been bullshit all this time? it's almost like... oh I don't know, the "dumb money" was right all along? + +&#x200B; + +[go get m boys](https://preview.redd.it/0q38n8crb0471.png?width=960&format=png&auto=webp&s=3e72b9dbdae78f1534d7bf22223966adb0b2d7c4) + +# The Russel 1000 + +You've most likely been hearing a lot of this in the past week, and just like me you have no clue what the difference is/was with the russel 1000 and 2000, what it means and how it works. + +Thank god for smarter apes like u/Region-Formal for making awesome threads like this one [here](https://www.reddit.com/r/Superstonk/comments/nu91kx/russell_1000_many_poorly_researched_or_purely/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +he goes over the facts of what the difference is, what it can mean for the stock price what it can mean when it moves and everything you should know about the topic. + +&#x200B; + +The exponential floor + +Thanks to u/JTH1 for making this + +https://preview.redd.it/k7n3buznc0471.png?width=640&format=png&auto=webp&s=93897e3fc787e45e3bbbda7ea3cfbfc04d33c766 + +&#x200B; + +https://preview.redd.it/xteqz4lfc0471.png?width=888&format=png&auto=webp&s=fd2cc78937356c12bb42265ab1064349ac79b20a + +# How GameStop is using it's 10k to fight back against targeted naked short selling. + +Written by our very own lovely u/luridess in her thread [here](https://www.reddit.com/r/Superstonk/comments/nuksk8/sec_legalese_to_ape_speak_final_chapter_how/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +It's written so well that it would be a disservice to do a TLDR, just go check her thread. + +&#x200B; + +https://preview.redd.it/ooj2h59hd0471.png?width=554&format=png&auto=webp&s=615213948440b3c5ae8ba3a05d2950843efd8b43 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/bdkfrtcjd0471.png?width=400&format=png&auto=webp&s=94878e83002b367b62eed75e2165aff981c95048 + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +**Countdown to the Annual shareholder meeting 1 days to go, and only 2 trading days, LETSGOOO! LFG** + +&#x200B; + +[Majora's Short](https://preview.redd.it/uokqs8nnd0471.png?width=1280&format=png&auto=webp&s=ceb45e4b3dbe26a2907283a8361f064d5ac974c3) +STATUS: Majority of questions have been answered. If yours got missed, please feel free to post it again. + +**Introduction** + +All, + +Based on the rapid increase in popularity and price of bitcoin and other crypto currencies (particularly over the past year), I expect that lots of people have questions about how crypto currency will impact their taxes. This thread attempts to address several common issues. I'm posting similar versions of it here, in several major crypto subs, and eventually in the weekly "tax help" threads r/personalfinance runs. + +I'd like to thank the /r/personalfinance mod team and the /r/tax community for their help with this thread and especially for reading earlier versions and offering several valuable suggestions/corrections. + +**This thread is NOT an endorsement of crypto currency as an investing strategy**. There is a time and a place to debate the appropriateness of crypto as part of a diversified portfolio - but that time is not now and that place is not here. If you are interested in the general consensus of this sub on investing, I would urge you to consult [the wiki](https://www.reddit.com/r/personalfinance/wiki/index#wiki_investing) while keeping in mind the [general flowchart](https://i.imgur.com/lSoUQr2.png) outlining basic steps to get your finances in order. + +Finally, please note that this thread attempts to provide information about your tax obligations as defined by United States law (and interpreted by the IRS under the direction of the Treasury Department). I understand that a certain portion of the crypto community tends to view crypto as "tax free" due to the (actual and perceived) difficulty for the IRS to "know" about the transactions involved. I **will not** discuss unlawfully concealing crypto gains here nor will I suggest illegal tax avoidance activities. +___ +**The Basics** + +This section is best for people that don't understand much about taxes. It covers some very basic tax principles. It also assumes that all you did during the year was buy/sell a single crypto currency. + +Fundamentally, the IRS treats crypto not as money, but as an asset (investment). While there are a few specific "twists" when it comes to crypto, when in doubt replace the word "crypto" with the word "stock" and you will get a pretty good idea how you should report and pay tax on crypto. + +The first thing you should know is that the majority of this discussion applies to the taxes you are currently working on (2017 taxes). The tax bill that just passed applies to 2018 taxes (with a few very tiny exceptions), which most people will file in early 2019. + +In general, you don't have to report or pay taxes on crypto currency holdings until you "cash out" all or part of your holdings. For now, I'm going to assume that you cash out by selling them for USD; however, other forms of cashing out will be covered later. + +When you sell crypto, you report the difference between your basis (purchase price) and proceeds (sale price) on Schedule D. Your purchase price is commonly referred to as your basis; while the two terms don't mean exactly the same thing, they are pretty close to one another (in particular, there are ~~three~~ two ways to calculate your basis - ~~your average cost~~, a first-in, first-out method, and a "specific identification" method. See more about these [here](https://www.bogleheads.org/wiki/Cost_basis_methods#Changing_methods) and [here](https://investor.vanguard.com/taxes/cost-basis/methods)). **EDIT** - you may not use average cost method with crypto - [see here](https://www.irs.gov/publications/p551#en_US_201612_publink1000256905). If you sell at a gain, this gain increases your tax liability; if you sell at a loss, this loss decreases your tax liability (in most cases). If you sell multiple times during the year, *you report each transaction separately* (bad news if you trade often) but get to lump all your gains/losses together when determining how the trades impact your income. + +One important thing to remember is that there are two different types of gains/losses from investments - short term gains (if you held an asset for one year or less) and long term gains (over one year; i.e. one year and one day). Short term gains are taxed at your marginal income rate (basically, just like if you had earned that money at a job) while long term gains are taxed at lower rates. + +For most people, long term capital gains are taxed at 15%. However, if you are in the 10% or 15% tax bracket, congrats - your gains (up to the maximum amount of "unused space" in your bracket) are tax free! If you are in the 25%, 28%, 33%, or 35% bracket, long term gains are taxed at 15%. If you are in the 39.6% bracket, long term gains are taxed at 20%. Additionally, there is an "extra" 3.8% tax that applies to gains for those above $200,000/$250,000 (single/married). The exact computation of this tax is a little complicated, but if you are close to the $200,000 level, just know that it exists. + +Finally, you should know that I'm assuming that you should treat your crypto gains/losses as investment gains/losses. I'm sure some people will try and argue that they are really "day traders" of crypto and trade as a full time job. While this is possible, the vast majority of people don't qualify for this status and you should really think several times before deciding you want to try that approach on the IRS. +___ +**"Cashing Out" - Trading Crypto for Goods/Services** + +I realize that not everyone that "cashes out" of crypto does so by selling it for USD. In fact, I understand that some in the crypto community view the necessity of cashing out itself as [a type of myth](https://imgur.com/gE8hDnY). In this section, I discuss what happens if you trade your crypto for basically anything that isn't cash (minor sidenote - see next section for a special discussion on trading crypto for crypto; i.e. buying altcoins with crypto). + +The IRS views trading crypto for something of value as a type of bartering that must be included in income. From the IRS's perspective, it doesn't matter if you sold crypto for cash and bought a car with that cash or if you just traded crypto directly for the car - in both cases, the IRS views you as having sold your crypto. This approach isn't unique to crypto - it works the same way if you trade stock for something. + +This means that if you do trade your crypto for "stuff", you have to report every exchange as a sale of your crypto and calculate the gain/loss on that sale, just as if you had sold the crypto for cash. + +Finally, there is one important exception to this rule. If you give your crypto away to charity (one recognized by the IRS; like a 501(c)(3) organization), the IRS doesn't make you report/pay any capital gains on the transaction. Additionally, you still get to deduct the value of your donation on the date it was made. Now, from a "selfish" point of view, you will always end up with more money if you sell the crypto, pay the tax, and keep the rest. But, if you are going to make a donation anyway, especially a large one, giving crypto where you have a big unrealized/untaxed gain is a very efficient way of doing so. +___ +**"Alt Coins" - Buying Crypto with Crypto** + +The previous section discusses what happens when you trade crypto for stuff. However, one thing that surprises many people is that trading crypto for crypto is also a taxable event, just like trading crypto for a car. Whether you agree with this position or not, it makes a lot of sense once you realize that the IRS doesn't view crypto as money, but instead as an asset. So to the IRS, trading bitcoin for ripple isn't like trading dollars for euros, but it is instead like trading shares of Apple stock for shares of Tesla stock. + +Practically, what this means is that if you trade one crypto for another crypto (say BTC for XRP just to illustrate the point), the IRS views you as doing the following: + +* Selling for cash the amount of BTC you actually traded for XRP. +* Owing capital gains/losses on the BTC based on its selling price (the fair market value at the moment of the exchange) and your purchase price (basis). +* Buying a new investment (XRP) with a cost basis equal to the amount the BTC was worth when you exchanged them. + +This means that if you "time" your trade wrong and the value of XRP goes down after you make the exchange, you still owe tax on your BTC gain even though you subsequently lost money. The one good piece of news in this is that when/if you sell your XRP (or change it back to BTC), you will get a capital loss for the value that XRP dropped. + +There is one final point worth discussing in this section - the so called "like kind exchange" rules (aka section 1031 exchange). At a high level, these rules say that you can "swap" property with someone else without having to pay taxes on the exchange as long as you get property in return that is "like kind". Typically, these rules are used in real estate transactions. However, they can also apply to other types of transactions as well. + +While the idea is simple (and makes it sound like crypto for crypto should qualify), the exact rules/details of this exception are very fact specific. Most experts (including myself, but certainly not calling myself an expert) believe that a crypto for crypto swap **is not** a like kind exchange. The recently passed tax bill also explicitly clarifies this issue - starting in 2018, only real estate qualifies for like kind exchange treatment. So, basically, the vast majority of evidence suggests that you can't use this "loophole" for 2017; however, there is a small minority view/some small amount of belief that this treatment would work for 2017 taxes and it is worth noting that I'm unaware of any court cases directly testing this approach. +___ +**Dealing with "Forks"** + +Perhaps another unpleasant surprise for crypto holders is that "forks" to create a new crypto also very likely generate a taxable event. The IRS has long (since at least the 1960s) held that "found" money is a taxable event. This approach has been litigated in court and courts have consistently upheld this position; it even has its own cool nerdy tax name - the "treasure trove" doctrine. + +Practically, what this means is that if you owned BTC and it "forked" to create BCH, then the fair market value of the BCH you received is considered a "treasure trove" that must be reported as income (ordinary income - no capital gain rates). This is true whether or not you sold your BCH; if you got BCH from a fork, that is a taxable event (note - I'll continue using BTC forking to BCH in this section as an example, but the logic applies to all forks). + +While everything I've discussed up to this point is pretty clearly established tax law, forks are really where things get messy with taxes. Thus, the remainder of this section contains more speculation than elsewhere in this post - the truth is that while the idea is simple (fork = free money = taxable), the details are messy and other kinds of tax treatment might apply to forks. + +One basic practical problem with forks is that the new currency doesn't necessarily start trading immediately. Thus, you may have received BCH before there was a clear price or market for it. Basically, you owe tax on the value of BCH when you received it, but it isn't completely clear what that value was. There are several ways you can handle this; I'll list them in order from most accurate to least accurate (but note that this is just my personal view and there is ongoing disagreement on this issue with little/no authoritative guidance). + +* Use a futures market to determine the value of the BCH - if reliable sources published realistic estimates of what BCH will trade for in the future once trading begins, use this estimate as the value of your BCH. Pros/cons - futures markets are, in theory, pretty accurate. However, if they are volatile/subject to manipulation, they may provide an incorrect estimate of the true value of BCH. It would suck to use the first futures value published only to have that value plummet shortly thereafter, leaving you to pay ordinary income tax but only have an unrealized capital loss. + +* Wait until an exchange starts trading BCH; use the actual ("spot" price) as the value. Pros/cons - spot prices certainly reflect what you could have sold BCH for; however, it is possible that the true value of the coin was higher/lower when you received it as compared to when it started trading on the exchange. Thus this method seems less accurate to me than a futures based approach, but it is still certainly fairly reasonable. + +* Assume that the value is $0. This is my least preferred option, but there is still a case to be made for it. If you receive something that you didn't want, can't access, can't sell, and might fail, does it have any value? I believe the answer is yes (maybe not value it perfectly, but value it somewhat accurately), but if you honestly think the answer is no, then the correct tax answer would be to report $0 in income from the fork. The IRS would be most likely to disagree with this approach, especially since it results in the least amount of income reported for the current year (and the most favorable rates going forward). Accordingly, if you go this route, make extra sure you understand what it entails. + +Note, once you've decided what to report as taxable income, this amount also becomes your cost basis in the new crypto (BCH). Thus, when you ultimately sell your BCH (or trade it for something else as described above), you calculate your gain/loss based on what you included in taxable income from the fork. + +Finally, there is one more approach to dealing with forks worth mentioning. A fork "feels" a lot like a dividend - because you held BTC, you get BCH. In a stock world, if I get a cash dividend because I own the stock, that money **is not** treated as a "treasure trove" and subject to ordinary income rates - in most cases, it is a qualified dividend and subject to capital gain rates; in some cases, some types of stock dividends are completely non taxable. [This article](https://www.forbes.com/sites/greatspeculations/2017/08/04/how-to-report-bitcoin-cash-and-avoid-irs-trouble/2/#6af873a0a1d2) discusses this idea in slightly more detail and generally concludes that forks should not be treated as a dividend. Still, I would note that I'm unaware of any court cases directly testing this theory. + +Ultimately, this post is supposed to be practical, so let me make sure to leave you with two key thoughts about the taxation of forks. First, I believe that the majority of evidence suggests that forks should be treated as a "treasure trove" and reported as ordinary income based on their value at creation and that this is certainly the "safest" option. Second, out of everything discussed in this post, I also believe that the correct taxation of forks is the murkiest and most "up for debate" area. If you are interested in a more detailed discussion of forks, see [this thread](https://np.reddit.com/r/tax/comments/7p1kw6/draft_discussion_of_crypto_currency_and_taxes_for/) for a previous version of this post discussing it at even more length and the comments for a discussion of this with the r/tax community. +___ +**Mining Crypto** + +Successfully mining crypto coins is a taxable event. Depending on the amount of effort you put into mining, it is either considered a hobby or a self-employment (business) activity. The IRS provides the following list of questions to help decide the correct classification: + +* The manner in which the taxpayer carries on the activity. +* The expertise of the taxpayer or his advisors. +* The time and effort expended by the taxpayer in carrying on the activity. +* Expectation that assets used in activity may appreciate in value. +* The success of the taxpayer in carrying on other similar or dissimilar activities. +* The taxpayer’s history of income or losses with respect to the activity. +* The amount of occasional profits, if any, which are earned. + +If this still sounds complicated, that's because the distinction is subject to some amount of interpretation. As a rule of thumb, randomly mining crypto on an old computer is probably a hobby; mining full time on a custom rig is probably a business. + +In either event, you must include in income the fair market value of any coins you successfully mine. These are ordinary income and your basis in these coins is their fair market value on the date they were mined. If your mining is a hobby, they go on line 21 (other income) and any expenses directly associated with mining go on schedule A (miscellaneous subject to 2% of AGI limitation). If your mining is a business, income and expenses go on schedule C. + +Both approaches have pros and cons - hobby income isn't subject to the 15.3% self-employment tax, only normal income tax, but you get fewer deductions against your income and the deductions you get are less valuable. Business income has more deductions available, but you have to pay payroll (self-employment) tax of about 15.3% in addition to normal income tax. +___ +**What if I didn't keep good records? Do I really have to report every transaction?** + +One nice thing about the IRS treating crypto as an asset is that we can look at how the IRS treats people that "day trade" stock and often don't keep great records/have lots of transactions. While you need to be as accurate as possible, it is ok to estimate a little bit if you don't have exact records (especially concerning your cost basis). You need to put in some effort (research historical prices, etc...) and be reasonable, but the IRS would much rather you do a little bit of reasonable estimation as opposed to just not reporting anything. Sure, they might decide to audit you/disagree with some specifics, but you earn yourself a lot of credit if you can show that you honestly did the best you reasonably could and are making efforts to improve going forward. + +However, concerning reporting every transaction - yes, sorry, it is clear that you have to do this, even if you made hundreds or thousands of them. Stock traders have had to go through this for many decades, and there is absolutely no reason to believe that the IRS would accept anything less from the crypto community. If you have the records or have any reasonable way of obtaining records/estimating them, you must report every transaction. +___ +**What if I don't trust you?** + +Well, first let me say that I can't believe you made it all the way down here to this section. Thanks for giving me an honest hearing. I would strongly encourage you to go read other well-written, honest guides. I'll link to some I like (both more technical IRS type guides and more crypto community driven guides). While a certain portion of the crypto community seems to view one of the benefits of crypto as avoiding all government regulation (including taxes), I've been pleasantly surprised to find that many crypto forums contain well reasoned, accurate tax guides. While I may not agree with 100% of their conclusions, that likely reflects true uncertainty around tax law that is fundamentally complex rather than an attempt on either end to help individuals unlawfully avoid taxes. + +*IRS guides* + +* [IRS Notice 2014-21 on crypto currency](https://www.irs.gov/pub/irs-drop/n-14-21.pdf) +* [IRS Publication 550 - Investments](https://www.irs.gov/publications/p550) +* [IRS Topic 409 - capital gains/losses](https://www.irs.gov/taxtopics/tc409) +* [IRS Topic 420 - bartering income](https://www.irs.gov/taxtopics/tc420) +* [IRS guide to taxable income](https://www.irs.gov/businesses/small-businesses-self-employed/what-is-taxable-and-nontaxable-income) +* [Non-IRS treasure trove discussion 1](https://www.law.cornell.edu/cfr/text/26/1.61-14) and [2](https://en.wikipedia.org/wiki/Cesarini_v._United_States) + +*Non-IRS guides* + +* [Coinbase statement](https://support.coinbase.com/customer/en/portal/articles/1496488-taxes-faq?b_id=13521) +* [CoinDesk's Tax Guides](https://www.coindesk.com/?s=tax) +* [Forbes Discussion](https://www.forbes.com/sites/greatspeculations/2018/01/03/what-you-should-know-about-taxation-of-cryptocurrencies/#670860cf1346) +* [Cryptocurrency facts](http://cryptocurrencyfacts.com/2017/12/30/the-tax-rules-for-crypto-in-the-u-s-simplified/) +* [Turbo Tax Discussion](https://turbotax.intuit.com/tax-tips/tax-payments/tax-tips-for-bitcoin-and-virtual-currency/L1ZOgU00q) +* [Investopedia Discussion](https://www.investopedia.com/articles/investing/040515/are-there-taxes-bitcoins.asp) +I recently returned to study in frontal classes after more than a year in Zoom. And I noticed something that was not there before, everyone! around me is talking about stocks and crypto. Its not only happening in the uni, this subject runs in my family, my little sister talks about it, or even when I grabbing a beer I hear here and there people talk about it. Don't get me wrong I am not against it, tbh I don't really know what to think about it. + +SO what do you think about it? Is it a good or bad thing for the market? I'm pretty newbie so it would be nice to hear your opinion. +Hello, I'm new to this sub, please be kind to me! You're welcome to discuss from your own viewpoint so that I can broaden my own viewpoint as well. Sometimes I may express investment misconception and you can of course point this out too (I insisted). + +I adopted Value Investing as my method of making money a few years ago, buying cheap good stocks at bargain price. I started from the usual low P/E low P/BV high %Yield strategies. Then "good" means a company with at least a thin moat (and well known) while generate satisfactory earning growth and having a healthy balance sheet. + +Now, as I tried to find those stocks I ended up almost nothing on my shopping list. For example, I went to scan the several developed markets for such kind. Those stocks that passed my filter are like cyclical commodities stocks with temporary high profits and the other are in a position of decline (commonly known as sunset business) with extremely bad fundamentals and no moat at all. What a waste of time. + +At this point, I start to believe that everything are priced in and the market is efficient in itself. I have made several observations, + +1. Thinking about stocks as limited resources while there are flux of new investors every year (especially in 2020-21) coming to find good stocks (and hold on for dear life) like me, and of course many of them are much advanced than myself such as using an advance algorithm, having much higher IQ/EQ, have exclusive access to several research papers, can perform scuttlebutt research perfectly etc. Eventually, there are those who get in first at lower valuation and start to fill up to a much higher valuation of such a stock, which may lead to a perfectly priced issue. +2. There's also main players in the market which are institutions and they are armed with best of the best researchers/analysts with the most advanced algorithm (I imagine a computer listen over the Fed's chair Powell speak and using its AI algorithm based on trillions of data points to predict the interest rate sentiment or an algorithm that gets the financial result immediately after its released and funnelled through its DCF algorithm and revalue such a company present value within few seconds). +3. We are no longer living in Graham and Doddsville or Peter Lynch era where there are boring companies at good priced. As Internet connects everything and everyone together, information reaches every investor very quickly when it is released and you can do most of your research at home without going over to the library/company like in the 70's or 80's. +4. The use of DCF model: Although it did not accurately predict the future price but in my opinion, it reduces the chance of being wrong (I don't know by what magnitude, as it can be from 98% to 50% or just 98% to 97%!). The DCF model itself are widely used by several investors, its result shows present value which is an equivalent to intrinsic value in which I assumed that for a good stock like NVIDIA or Tesla, for instance, have no gap or the difference between average DCF values (made by their investors) and its actual price, as those who finds its PV lower than current price will keep buying. +5. Other high-risk-high-return low valuation stocks are classified as gambling. + +One example I can point out for these observations above is an industry with high return but no moat, those who get in early take large return and eventually new entrants appear, leading to intense price competition and thus shrinking margin. Imagine this situation happens with Value Investing. + +What's your take? +How has, for lack of better term, family planning lifestyle creep affected your financial stability post-FIRE? + +I’m in my early 30s and considering the sale of my business which would allow me a 2% SWR at my current lifestyle. + +My wife and I do not have children but we plan to in the near future. While I’m not concerned that we could modify our lifestyle to accommodate for the extra child expenses, I would rather not. :-) + +I’m not looking for advice on my situation - this is not one of those posts. I’m interested in what changed for you when you decided to expand your family after FIRE. +It's blatant karma whoring because they know the only way it's getting there is to get a ton of upvotes. More to that though, some pure shit gets to the top just on that aim alone. I can imagine someone scrolling through their front page and rolling their eyes at YET ANOTHER "hey r/all!" post. If it were me, I'd be put off by these weirdo cultists who keep vying for my attention. + +If something is good, it will get there organically. Jumping up and down and screaming to be put there isn't a good look. Just chill. I know in times where we're waiting for news it gets a little boring, but we should be careful about the sub "advertising" itself by crying out for attention because we don't have RC Twitter posts to spam or whatever. + + + +TL;DR - things should get to r/all organically and on their own merit, not by appeal of people trying to flashmob their own post to get it there. + +EDIT: Because I'm bored of hearing the same joke - yes. I'm more than happy for this to be the first post to go. I don't care about karma. +That quote is from [this article](https://www.abc.net.au/news/2022-04-06/superannuation-savings-retirement-quality-aged-care-budget/100967828) from the ABC, and was wondering if that's most people's experience. My preservation age is 60 but getting access to my super five years earlier would make a huge difference to me. If the article's line is accurate, are the government in the wrong to have increased the preservation age? +I was unfortunately apart of some management meetings recently where potential for layoffs were discussed. Department heads need to start looking for a few staffers to potentially cut and all that. + +One individual said something to the effect of “I know ABC individuals max out their 401ks, so they’re in a good financial situation, they can afford to lose their job”. I was so taken by surprise by that statement...was curious if anyone else has been a part of discussions like this, and if it’s widespread? +[See FAQ here](https://help.zillowrentalmanager.com/hc/en-us/articles/360040589753/) + +Beginning on March 2, listing properties in Alabama, Georgia, Mississippi and Texas with Zillow Rental Manager will cost $9.99 per week while that property is actively listed for rent. Each account’s first listing is free +I’m about to close on my first duplex. I plan to live in one of the units and rent out the other. I’m trying my to walk through all the things I may not be thinking of during this process if I choose to openly tell a tenant that I live in the other side. Thoughts? +I was given a heads up about this by my cousin, who is a private broker and investment consultant, and then got a message straight to my brokerage account. + +Below is the quoted message from TD Ameritrade/Scottrade. They stay as nonpartisan as possible, given the spectrum of their clientele, so we should all probably take heed when they are taking a stand on a specific piece of legislation: + +"Dear Valued Client,  + +TD Ameritrade believes it's important to stand on the side of our clients. We have reviewed the Senate Tax Cuts and Jobs Act, which was released last week. Section 13533 of the Senate Bill imposes a single cost basis methodology for investors, "first in, first out" ("FIFO"), on all sales of securities (except mutual funds).  + +For the average investor, this means possibly being required to pay the highest capital gains taxes where a stock has appreciated over time.  + +On behalf of our approximately 11 million client accounts, we strongly oppose this provision. We believe it will harm individual investors by eliminating their freedom to decide when to take losses or gains on their investments, potentially resulting in an increased tax burden.  + +An Example  + +Suppose you hold a significant amount of a company's stock, accumulated over a 20-year career. You're now retired, and you want to sell some company stock to diversify your portfolio. Assume the purchases over time range from $5 per share up to $90 per share, but the stock now is trading at $50.  + +If you sell at $50, rather than being able to take losses on the stock purchased above $50, the Senate Bill could require you to pay capital gains taxes on the appreciation of the stock from $5 to $50. That is, even if you have experienced sizeable paper losses on the purchases above $50, the Senate Bill might force you to pay taxes calculated on the largest gains possible.  + +We don't think that's fair. We feel the Senate should stand up on behalf of individual investors and reject imposing a FIFO cost basis requirement on sales of securities.  + +What Can You Do? + + + +If you are concerned about these changes, we encourage you to contact your congressional representatives today and make your voice heard. We have created a site so that individual investors like you can stay informed and easily reach out to your government representatives on issues that matter to you. You'll find a summary of current issues there, along with template letters to help get you started.  + +TD Ameritrade believes in providing our clients with a voice on issues that stand to impact their ability to confidently save, invest, and plan for the future. We are on the frontlines, communicating your interests to those who can influence policy and bring about change.  + +By coming together, we can have a more meaningful impact. Please join the conversation." +The market is going up, up, up. and hopefully many of you were able to make money during this latest bull rush. + +Let's start with what you *shouldn't* do right now - **don't try to pick tops**. You might be thinking that the market is going to take a break for a bit and it is time to get ahead of the drop and short SPY. Whenever you have the urge to do something like this just ask yourself this question - + +"*Is this strategy based on anything other than my gut feeling?*" If the answer is **No**. Then **Don't Do It!.** Pretty simple. If you cannot find any technical (or even fundamental) reason to think the market is going down, than you need to wait for technical confirmation. What would that be? SPY below 401.50 would be the first technical breakdown. Do not short the market until you see that upward trendline breached. + +Now it is possible that your portfolio is overly bullish right now. While Day Trades are generally in cash at the end of the day, many Day Traders also Swing Trade, and given the current market conditions you might be holding quite a few bullish positions (for most of you I am guessing - straight Calls). So what *should* you do? You could *hedge* your portfolio. You are not looking for a long-term hedge here, and you certainly don't want a 1:1 hedge on your positions either. However, VXX Calls are not a bad option (pun intended). Why? Because the rate of decay in VXX has slowed dramatically - meaning even if you are wrong and SPY continues to rise, VXX is not going to drop in equal proportion. However, in a market this strong it will take a fear-inducing catalyst (e.g. interest rates) to reverse it. You could even grab some LEAP VXX calls and sell weekly premium against them to cover the cost if you wanted. + +*What else should you be doing?* ***Be Flexible*** + +To begin with, if you are not familiar with using option spreads to day trade, you need to be. The more tools you have to work with, the more successful you will be at this. For example, on Friday I wanted to trade AMZN early on, but after the initial jump up it wasn't clear which direction AMZN was going. So instead of buying the stock or calls, I used 0DTE Call Debit Spreads. I did one 3340/3345 for a $1 debit and 3320/3325 for $1.50 debit. The moment each went through, I put in an order to sell those spreads for $3 and $4.00 - which would be a 200% and 166% profit on each. Since they were 0DTE I was able to get those credits on both when AMZN took off later in the day. Would have calls been more profitable? Yes, but CDS reduced my risk and freed up capital. + +I noticed throughout the day that AAPL was stronger than SPY. Even when SPY declined on the 5-minute chart, AAPL either stabilized or went up. About an hour before the close I was able to get AAPL 132 0DTE calls for .20, which I then sold for .65 about 45 minutes later - a 225% profit. These are called **Lotto** plays, and are best done on Friday's, about hour or two before close. + +There are a number of strong tech stocks that I was able to do OTM Bullish Put Spreads on, with expirations 2-3 weeks from now - each spread getting a 25% credit. Because these spreads have the short strike below at least 2 major areas of support, there is a higher than 75% chance of them being successful. + +Finally, throughout the day I traded stocks like DASH, FUBO, GPS, AAPL, ATNF, etc. Notice I said, *throughout the day*, meaning not just the first hour. Those stocks all had strength against SPY, so even if the market were to reverse or pause, I knew those stocks would remain strong. + +Overall, I used *Call Debit Spreads, Bullish Put Spreads, Straight Calls* and *Long Stock* to take advantage of a very bullish day, I also took some VXX Calls to balance out some of my overnight bullish spreads. I waited for about 30 minutes before I even made my first trade, and finished the day with a closed trade record of 13 winners, 2 misses and 1 scratch. + +You need to be **flexible**, every situation is unique and if all you know is buying and short selling than you are handcuffing yourself. + +You don't *need* to be in cash at the end of every day just because that is what they say Day Traders should do - that's garbage. If a stock has a good D1 chart with significant support levels, and there is an opportunity to continue taking gains, there is no reason not to hold that stock or spread for the short term. + +You don't *need* to make most of your trades in the first hour. *Gap and Go* is a fine strategy but it is not the only one. Most of my best trades actually come well into the trading day, particularly since I have a sense of where the market is going and which stocks are strong/weak relative to that market. + +For those of you who are new Day Traders, try this on Monday ***if the market is up again*** (note: these are just suggestions, not financial advice, I am not a financial advisor, etc..etc..): + +1) Don't trade in the first hour + +2) Find 3-5 stocks that are strong relative to SPY - this means that when SPY goes down, these stocks continue to go up or remain flat. And when SPY goes up, these stocks go up even more in proportion. + +3) Have the 3 & 8 EMA on your charts, and set the charts to 1M and 5M. + +4) After first hour, watch these stocks - wait for them to pull back (the 8 is above the 3 on the 5M) + +5) The moment the 3 crosses the 8 on the 5 minute chart (for those of you who like riskier trades, you can use the 1M), buy the stock - *make sure it is still strong relative to SPY*. + +6) Sell when you see the 8 cross back over the 3 (if you are on the 5M you make want to take profit before the cross happens and you see a downward trend occurring). + +***Also -*** On stocks priced over $100 that are up over 5% on the day, do an ATM Call Debit Spread where the debit you are paying is less than half the distance in strikes (*so if you are doing a 125/130 CDS, there is $5 between the strikes meaning you want to pay a debit less than $2.50*). Set your sell order the moment it goes through to take 10-15% profit (*on Monday's that is the best movement you can expect on CDS'). So if you paid $1.20 for a spread, put in an order to close it for around $1.35 credit.* + +Hopefully these two suggestions alone will help show you different ways to take advantage of a bullish day. + +Good luck this week! +Hi all, + +Apologies for the throwaway account but I have to keep this as anonymous as possible. I am a foreigner with an EU passport, married to an EU citizen. I would love some help with what to do next. + +My husband earns very well and pays all the bills. Incredibly though, we live paycheck to paycheck because, to make a long story short, my husband is financially irresponsible/illiterate - he has a bankruptcy behind him and is generally just bad with money. He is open about how he spends his money though - I have looked and there is no unjustified or strange expense, it's just that somehow the money always has to go to some sort of emergency like car repairs, taxes, etc. He is a freelancer and there is always some ridiculous amount of money he has to pay for taxes and he is always unprepared and runs out of money. He has no savings whatsoever. This is terrifying to me, of course, so I've decided to do something about it. + +After my child was born, I have gone back to work in the hopes that I can save some money for them. I have been working since 2020 and I do not earn well, but everything that I earn, I do get to keep. I don't need to pay any bills. I go to work every day so that my child will have some savings at some point in the future and I do NOT want my husband to know about this. I am scared to death that he will spend it somehow. My husband knows I have some money put away because he is a freelancer, his tax situation is a mess and eventually I am going to have to pay my share of the taxes, which I don't pay directly because I work for a non-EU institution. He does not know how much I have saved as I have managed to keep my finances private. We do not share bank accounts. + +Here's where it gets tricky. I have two bank accounts in my name only: one where I get my salary, and one where I keep the money I don't spend. Recently, the bank from the second bank account (DKB) has been insistently asking me to update my personal info. As this bank account precedes my marriage in 2017, they still have me in there as single. My questions are: + +1. Once I update my personal info with this bank as "married", is the bank required to share this information with anyone, like the Finanzamt? I am on the verge of just withdrawing the money and physically keeping it at home to avoid the bank/my husband/the authorities finding out about it. +2. I do have something like 20k stored there. Other than income tax, am I required to pay any other taxes on that and am I required to declare this money as savings of any kind? +3. I would love to invest this money somehow and would be happy with any suggestions as to how to go about doing that. + +Thank you to anyone that is able to offer some help. Please do know that you would also be helping me to sleep better every night. + +&#x200B; + +Edit to add: we are in Germany! +What would be the advice you'd give someone in this position? + +I'm currently in a pretty temporary living situation, and am looking to buy a house by myself in the next 3-12 months. + +Ideally I'd love to be completed and moved in somewhere by the start of summer 23. + +I currently have a deposit sitting in a monzo savings pot gaining some interest, but with the news on the budget as it was. I'm concerned about my ongoing affordability given the wage erosion from the weakening pound and inflation. + +My strategy at the moment is +- Continue saving into SS ISA/SIPP as normal +- Build a larger emergency fund, just in case +- Start looking at houses around Xmas/new year time and look to buy ASAP, somewhere ideally chain free +- Go for a 5 year fix mortgage as and when I find a house +- Buy something smaller and less extravagant than maybe what I would have truly wanted. But given the cost of living/energy/likely interest rises. Probably wise. + +Is there anything else specifically you would do, or importantly, not do in order to protect the savings I have and put my best foot forward onto the property ladder? + +Thanks all +Just look at the facts. + + +- We know hedge funds are controlling a lot of media and can push narratives whenever and however they want. +- [The post](https://www.reddit.com/r/wallstreetbets/comments/nrl0ym/short_sellers_lose_almost_5_billion_in_one_day/) gained a lot of traction on Reddit (Posted on r/WSB which is definitely compromised) + +From first sight, it's a positive one. We have won a bit, hooray, wow $5B etc., of course, it'll get upvoted (and hedgies know that that's why it's sophisticated manipulation when the post itself looks harmless and positive, but in reality, it's to give you a thought) + +It's into forcing you to think $5B is a lot of money for them. (They've made much more shorting the same stocks from January to February....) + +This has been pushed by the media for a week straight. Whenever meme stocks go up, they've been pushing this, again and again, talking about retail winning with their excited presenters and shorts losing a lot of money. + +Their idea is to keep pushing this narrative whenever meme stocks go up, and eventually, when GME squeeze happens, to force you into thinking that it's much more than the previous time, it sure is a lot of money. + +No. Bleed them dry. Hold. + +TL:DR **Media sucks, $5B are pennies for hedgies, celebrate when they lose at least $200B a day, don't fall for over excited news presenters** +GET YOUR CHICKEN TENDIES!! + + +Launched successfully on May 20th, 2021 12:00 EST. 3 Million MC reached within 20 minutes and currently OVER 10 Million MC in under 24 hours. Strong and very involved community that are in it for the long run. + +TendieSwap, and it’s utility token Chicken $TENDIE Is the first crewed mission to revolutionize the betting industry 🚀 + + +$TENDIE TOKEN ADDRESS : 0x9853A30C69474BeD37595F9B149ad634b5c323d9 + +🔥Our Initial Dex Offering for $TENDIE took place on PANCAKESWAP. +🔥The protocol provided $150k in liquidity that was locked with DxSale +🔥This was a pseudo fair launch and the developers got zero allocations of coin. All the wallets are transparent. They make money if the protocol is successful only so they make money if everyone makes money. +$375K was raised for Pre-Sale at $0.15. Max allocation was $2k to prevent whales and they have a lock up! + +What is TendieSwap? + +Besides providing our own DEX, staking and farming protocol, TendieSwap is focused on revolutionizing the BETTING industry. + +TendieSwap is a non-custodial prediction protocol that enables users to earn unlimited rewards on high-yield prediction markets. TENDIE ($TENDIE) is the utility token of the TendieSwap ecosystem and is based on the BEP-20 token standard. + +TendieSwap Predictions: A tool which enables you to make money based on where you think certain coins are headed price-wise. So for example if you think BNB is going to be higher from current oracle locked price in 5 Minutes then you can bet this and make money off your theory. + +TendieSwap Lottery: Spend TENDIE's to buy tickets, contributing to the lottery pot. Win prizes if 2, 3, or 4 of your ticket numbers match the winning numbers and their exact order! + +DAO: The entire protocol will be run by the community through our DAO. The system will be based on tokens held and will take in votes for all decisions on the protocol. + +TendieSwap is the new GOAT of Prediction Markets. We will offer an Automated Market Making algorithm that enables users to create automated prediction markets with integrated options & pricing calculation. Later down the road, users will be able to set up their own bets and get others to take the other side. REAL DECENTRALIZED BETTING ENABLED! + +$TENDIE to the moon! + +ROADMAP +Coming Soon After Launch: +🛫Bridge to MATIC +🛫 Prediction (currently on testnet) +🛫 Audit coming within first month + +Coming Later This Year: +🚀 Initial Tendie Offerings (ITOs) +🚀 Tendie NFTs (in development) +🚀 Advanced burning mechanisms (contracts to be deployed to testnet) +🚀 BEP20 wrapper tokens for token and staking processes on BSC (in development) +🚀 UI overhaul + +Future Plans: +🛰 Lending and Borrowing Platform +🛰 Expanded Prediction Market capabilities +🛰 Expanded ITOs, giving users more options for how they want to launch their project + +Socials: +🐣Twitter: Tendie_Swap +🐥Insta: Tendie.Swap +🐔Telegram & Medium: tendieswap +Disclaimer: $TENDIE is a high risk coin. Invest with care and always do your own research. +I just want to know, to set some realistic expectations , how much you can aim for.. monthly, yearly . How much capital is needed. Who's richest in your circle trading forex( don't need personal info) just numbers, either you or your friend.. + +I know it shouldn't matter.. but it's just out of curiosity. + +Like i sometimes think i will be able to get funded with FTMO and build my account up to 600k and i will get monthly payouts consistently.. even if i do like 5% monthly.. I'll be getting around 25k which is huge for me.. is it possible? Or am I daydreaming? And i even think i will one day have 4-5 million dollars in my personal account ( maybe I generate all that money from business) and daytrade with all that capital. Do any of you guys do that?. Give me some numbers +The US house and senate have passed the stimulus package, and once it gets signed into law, if you are about to collect unemployment, you will now be receiving $600 more per week for four months than your approved state unemployment. + +So for example, if you are getting $300 per week, you will now be getting $900 per week. Again, this will last four months. + +Please remember that unemployment is taxable income. You will need to report it on your 2020 taxes. The money you are receiving is untaxed. Make sure to plan for next year and try to put a little bit of money aside to compensate for the amount you will have to pay on it in 2021. +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 daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +I have a job interview coming up for a senior analyst role at Macquarie. I've asked about salary range and they told me it should cover my salary expectations (which I put $100k base + bonus). I'm on $119k now in a state government analyst role so it's a bit of a backwards step in that regard. + +Does anyone else here work at Mac and can share what the salaries/bonuses are like and what I should be negotiating for? I remember earning $75k base + $10k bonus there back in 2018 as a senior associate. + +I'm worried I'll be earning less doing more stressful work. But I feel my brain rotting away in public sector. + +EDIT: Thank you for all the advice and sharing experiences. I've decided to pull out of the interview. I'm just going to look for something more challenging/higher pay within government. +I’m 23 just put more money in my Roth for the first time in 2022. I did the math if immediately maxed out it and if it grew 8% I would net an 1500 dollars this year. + +Like that’s cool and all but somehow that feels disappointing. Like I’ve been doing this for 3 years now and I can only guess I’ll get 1,000 dollars out of it. + +So my question is when did you starting looking at your retirement accounts and realizing that it’s really picking up momentum? When did it feel like you were reaping the benefits of compounding interest? + +I have faith in the process but it’s kinda depressing to think about. I could deposits 6k and see it again in 40 years? Is that really what I want? + +Idk I’m doing it anyways but is there any tips someone could give me to get over this mental hurdle? Idk part of the problem might be I’m investing really strong on a small income. I’m a student who gets support from my parents so I can still invest about half of what I make a year (about 12k). +Hedge Fund Melvin Capital Posts First-Quarter Decline of 49%2021-04-09 19:52:34.566 GMT + +By Hema Parmar(Bloomberg) -- Gabe Plotkin’s Melvin Capital Management, the hedge fund that lost billions of dollars in part by shorting GameStop Corp. shares, **ended the first quarter down 49%.** Melvin slid 7% last month, according to people with knowledge of the matter, after gaining almost 22% in February. In January, the fund dropped 53% on GameStop and other short bets. A spokesman for the firm declined to comment. + With a NFT Marketplace for Adult Creators and soon an Only Fans Platform? CumRocket is nowhere near where it should be. Get a look at this Elon Musk himself sent a tweet about CumRocket. + +twitter.com/elonmusk/status/1401096409428934659 + +Also not to mention CumRocket got mentioned on NewGeek + +newsweek.com/what-cumrocket-cryptocurrency-elon-musk-tweet-1597576?amp=1 + +Overall you see the amount of traction CumRocket has in the BSC Space, and why its going to hit 1 billion dollar market cap. 18+ NFTs are a great use case for NFTs, it doesn't matter if the NFT will definitely appreciate in value in future because most buyers will buy them to support their favourite girl (or guy). The value doesn't have to be in the NFTs ability to appreciate in value but instead that they hold value to the buyer themselves. + +18+ NFTs can be coded in really interesting ways, for example to always provide the original creator a small % of every sale of an NFT after the original sale and CumRocket is going to explore all of these possibilities to provide an amazing platform for models to build their 18+ business on. + +CumRocket already has deals with lots of 18+ models to produce NFTs and in fact quite a few have already been sold. Don't believe me? Check the CumRocket telegram, loads of the CumRocket Models hang out in there. (Don't be weird about it though) + +So Load your bags, or don’t and cry. + +⚔ 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: cumrocketcrypto.com/ + +💦 Telegram: t.me/cumrocket + +💦 Discord: discord.com/invite/Tett4kJsKN + +💦 TikTok: vm.tiktok.com/ZMePKXKLW/ + +💦 Twitter: twitter.com/cumrocketcrypto + +⚰ Burned dev tokens: bscscan.com/tx/0x218a6bf38ab8443e9e6c2d59c45432ceccffeba1ae9e36eb6296b7203496b4e9 + +🔒 LOCKED Liquidity: dxsale.app/app/pages/dxlockview?id=531&add=0&type=lpdefi&chain=BSC + +🥞 PancakeSwap (slippage 6%): exchange.pancakeswap.finance/#/swap?outputCurrency=0x27ae27110350b98d564b9a3eed31baebc82d878d + +📜 BscScan: bscscan.com/token/0x27ae27110350b98d564b9a3eed31baebc82d878d + +📈 Poocoin Chart: 0x27Ae27110350B98d564b9A3eeD31bAeBc82d878d +I’ve been practicing this for 4 months now, grinding through different market conditions, slowly scaling up, and I reached a point where I can consistently make ~$1k/day (on roughly $30k BO), selling PCS, CCS, condors, flies, etc. + +I’ve been on a winning streak for over two weeks now, but I’m staying humble and careful. + +I know this deviates from everyone’s favorite sell 30-45DFE 30-delta puts and wheel and it’s probably way above most folks’ risk appetite, but a lot of people are demonstrably capable of doing this consistently, and I’d like to learn from experiences of others. + +Anyone else doing daily 0DTE SPX here? +**Why will Casper FFG like be a tailwind for ETH price (expected to be deployed in Fall 2018)?** + +Here are 4 factors I believe to be significant (ordered by importance): + +1) *It helps prove full-Proof of Stake could work.* Right now, PoS is an implementation risk for Ethereum, but if hybrid PoS-PoW works, it shows that Ethereum's full value proposition of becoming an energy-efficient blockchain may be possible. So far, all has gone well with on test net. This will create additional hype behind Ethereum as a successful project with even more potential. It will also reduce Ethereum's reliance upon mining pools, and the risks that come with them. + +2) *Mining rewards / supply inflation will plummet.* Issuance is expected to drop by 80%, dramatically reducing ETH inflation. It is also possible that burned fees could result in supply deflation, but I wouldn't expect this early on. It also reduces the risk of a 51% PoW attack (which even now is unlikely for ETH). + +3) *ETH becomes an income producing asset.* ETH will generate between 2% and 8% income for validators / stakers. Right now, it looks like they are targeting 5%. This income will come from fees, and if necessary, from modest inflation. Staking pools will soon be in place to allow for staking with any amount, and it's likely big companies (like exchanges and other TBD custodians) may make the staking process very easy for users after some time. + +4) *Provable lockup of supply.* About 10% of ETH supply is expected to be staked at the start. Those ETH must stay locked up for the duration of a staking period (a period of several months). This could reduce market liquidity and help drive up the price. It may also spur a round of buying by individuals and institutions who want to get to the minimum staking amount (1500 ETH at the start). + +*Bonus Factor:* Also, at around the same time, we are likely to see many different types of Plasma implementations as L2, thus adding much needed scaling to the system. I expect this will increase the volume of tokenized assets on Ethereum and overall bring more activity / usability to the Ethereum ecosystem (thus boosting developer and user adoption, and further entrenching network effects). + +From where I sit, things are looking pretty good, as an ETH-investor and an Ethereum ecosystem fan. Excited to be here and a part of this community during these eventful times! +January bag holder here. We used to talk about this more in the other subs and I felt like it was common knowledge. I’m not smart enough to have research this myself but I looked it up again because there seems to be a lot of shit talking and confusion. + +Ryan Cohen and RC Ventures entered into a Standstill Agreement on January 10, 2021 that has a long list of provisions that essentially prohibits him from speaking out directly. + +Specifically, he is not allowed to influence voting or board votes and another long list of activities until about March 1, 2022. + + +[https://www.sec.gov/Archives/edgar/data/1326380/000119380521000031/e620202_ex99-1.htm](https://www.sec.gov/Archives/edgar/data/1326380/000119380521000031/e620202_ex99-1.htm) + +So for everyone wondering why things are quiet, this is why. + +Here’s the deal. + +This week sucked. Next week is uncertain. The DTC/other colluders rules we’ve been waiting for don’t appear to have made a difference in hedge fund fuckery. We took a beating. + +I bought my first share at $350. I held to $38. + +I want tendies. But I’m not fucking leaving over this. Never. I’m out when the share price looks big for Kenny and his pals, not when it looks big to me. That’s the only way I’m selling. + +And you know what? I trust Ryan Cohen. I know he has a plan. I know he will do right by us. + +He isn’t talking to us because he can’t. But he is communicating. And it’s going to be fine. Better than fine. It’s going to be fucking glorious. Life altering. + +It’s coming. Changing corrupt financial systems and taking down evil villains ain’t easy. That’s why super hero’s have movies about them. Shits hard. + +It’s Friday. Go fuck off. Have a tasty beverage. Get some sun on your face this weekend. Get laid if there is someone who will enthusiastically consent to fucking you. Or just willingly consent. + +Tomorrow is a new week. NFT week. Could be nothing. Could be everything. Everything is coming. + +In the meantime, dream your dreams about what you’re going to do with your tendies. + +I’m fixing this fucking planet I love so much. Apes are going to find a solution for climate change. I’m going to be a part of that movement. I’m making my plans. + +You do you. There’s lots of broken shit in this fucked up system. + +Come back Monday ready to hype. + +TL;DR: Papa Cohen can’t say anything publicly until around March 1, 2022. + +Wen moon? Soon moon. + + +Edit to add: because I am spelling everything out….remember, Kenny and his buddies aren’t going down easily or we’d all be rich by now. + +Everything needs to be above board so that GameStop and RC don’t get sued. I’m sure they will get sued but the goal is to not have anything substantive behind it. + +He also has to watch what he says to the SEC doesn’t get him for market manipulation. He has to watch his mouth to protect us and protect our tendies. + +Elon has gotten in trouble for this. And RC is smarter than Elon so he is walking a finer line. + + +Second edit: some of you seem to think the Standstill Agreement ends after he became 🪑👨. It does not and if it’s amended or changed it would be filed with the SEC. + +The Standstill Agreement protects GameStop from a hostile takeover. Hostile takeovers of corporate boards are a whole other post. This is a not so hostile takeover. + +Other chairman and CEOs can speak out because they didn’t buy shares to join a company. They don’t have Standstill agreements. +I'm interested in hearing about the journey some FatFIRE folks have had as a sales rep on a largely commission-based earning structure. Given the possibility of drastic changes in income it can be difficult to map out long-term savings goals - more of a "max out the moment" type of thing. + +For sellers in this community - what was your journey of base // OTE over the years? +I work in the financial services sector and have access to the borrow rate of prime brokers. + +Without mentioning any company names, the GME borrow rate has stayed around 3-5% for months (this is independent of the retail borrow rate) and in the past few days has risen approx 1% a day + +Yesterday was approx 6.5% +Today (25/5/22) is 7.48% + +26/5/22 is 9.2% (popcorn is 1.6% and bedbath is 0.8%) + +Availability of shares had a notional value and now it says LIMITED borrow. + +Will keep a close eye and update daily if anything changes. + +The walls are closing in. + +Wenmoon = moonsoon +Apestrongtogether + +Edit: updated borrow rate and added 2 others for comparison. +I feel like all I ever see is $T being shilled on this sub for their high (debt funded) dividend, but VZ gets no love. Much healthier balance sheet by all metrics, and a great dividend. Actually make money and with how poorly AT&T consistently performs, definitely have potential to grow even more. Better product as well, not holding useless, money-burning companies. + +Personally I’ve been loading up for the last 4 months. Thoughts? +Disclaimer: I am an ape who just learned how to form complete sentences. Please provide any counter evidence to the following theory. + +There's a lot out there that the 49% loss on Melvin seems sus in regards to timing and the seemingly "too good news" especially with the way things have been going. Several OPs suggest that this could be a distraction or a setup for a fake squeeze soon. Both are entirely plausible and I am currently attempting to scour additional records to see if something was swept under the rug and not picked up by MSM. + +In the mean time, I have another plausible theory. Anybody notice that the SEC rewarded 2.5M to a whistleblower Friday which corresponds to the release of this terribly embarrassing information. If you look on the SEC website, there is an interesting excerpt from the press release. + +“The whistleblower in this matter provided key evidence that supported charges related to a breach of **fiduciary duties owed to investors**,” + +Fiduciary duties means legal duty to act in the best interest of investors, including reporting significant losses. + +Additionally, there was **more than one** individual who were awarded on Friday. If you look on the SEC website, you will actually see 2 documents with sequential file numbers but with **identical wording** and heavy redactions. We saw the 2.5M award but the other individual was awarded 30% of an undisclosed amount. + +[https://www.sec.gov/rules/other/2021/34-91525.pdf](https://www.sec.gov/rules/other/2021/34-91525.pdf) + +[https://www.sec.gov/rules/other/2021/34-91520.pdf](https://www.sec.gov/rules/other/2021/34-91520.pdf) + +Additionally, this series of awards are related to fraud towards **RETAIL INVESTORS SPECIFICALLY** (taken from the first document) + +"Claimant provided new, detailed and firsthand information that significantly contributed to the Commission’s ongoing investigation, including critical documents. Claimant also provided continuing assistance to Commission staff, which helped the Commission shut down an ongoing **offering fraud preying on retail investors**. There also have been no collections to date." + +It is entirely possible that Melvin was planning on not reporting this loss and the whistleblowers forced their hand. Crazy theory, but not out of the realm of possibility. + +I will continue to scour the records for anything else. + +Edit 1: So ill add in a few good counterpoints from the comments. These whistle-blower may have more to do with the $227M Ponzi scheme whose orchestrater was arrested on Monday of last week, not related to Melvin. Also It definitely makes sense that an whistle-blower award would not be paid out on the same day as typically these are paid out at the end of an investigation. Always appreciate some help loosening my tin foil hat. + +Edit 2: Added disclaimer at top. +Would appreciate it if anyone could give any advice based on the information below, and I know already most of the answers will be "Yes it is stupid!", but bare with me. + +**Age:** 28 +**Total Savings**: £85000 (including £50000 in Premium Bonds) +**Living Situation:** My family home (pay £200 p/m for utility bills) +**Income:** Earned £85000 (£59000 take home) in salary since April +**Occupation:** Self-Employed (so it is hard to forecast my actual earnings for this financial year) and means I am at risk of earning nothing if business goes badly. +**Miles Per Year:** 6000 + +I want a Ford Mustang (dream car), especially given it might be my only chance to own one whilst I am single. + +I was initially saving for a big house deposit. But now I am planning to continue living and saving whilst living at my Dad's house for the next 2-3 years. My mum has recently passed away and he wants to downsize, so I want to help him with this process and keep him company. + +Owning a Mustang would cost me about £1600 more per year to run for maintenance, car tax, insurance and petrol. After 5 years it will probably depreciate by £8000-£10000 based on my annual mileage. + +With my mum passing away, I am really looking for anything that will make me feel more excited about life - it is going to be a difficult couple of years. I've also never really treated myself to anything before, having always been a relatively frugal spender. But is that a good or dangerous reason to spend so much on a car? + +Ultimately, I know it is reckless but at the same time I feel like it is just what I need right now even just for a couple of years. +Edit: sorry guys, i just lost all my money thst i made in the month… super sad! + +Hey day traders! + + + +I just wanted to do a follow up on my trading, a couple of weeks ago i posted about how my trading was going, I'm now 2 months green, i added a goal of 10k for the month of June, i already hit my goal, so that's good. Really thinking about making this my day job, i think i still need 2-3 more months to see if this is going to work out, need to pay a few of my debt to be in a better position to quit my job. + +&#x200B; + +https://preview.redd.it/09e5brm3e3871.png?width=903&format=png&auto=webp&s=a2d9e048924bd5dedec7767df6e69424f7d780a2 + +I've been "trading" for almost 2 years, pandemic was a good opportunity to get more serious about it, It took me 2 years to get to this point, its not a race, trading is a journey. it will take time. + +I never really blew my account, got negative a few times in my margin but i got out of the whole. never paper traded, i personally think that is a waste of time just because there is no really emotions with paper trading and you will not know if you can handle the stress of seeing that you are losing money, but for a lot of people its fine and worked for them. + +[So Far so good!](https://www.reddit.com/r/Daytrading/comments/nviv7t/so_far_so_good/?utm_source=share&utm_medium=web2x&context=3) last post + +I had a bunch of PM's about how i trade and what i use, I'm going to post a few pics and things that i actually use to trade. English is not my first language by the way. + +Here is picture of how i have my monitors [Setup](https://imgur.com/a/2IX526D) my main monitor has the main TOS screen and i have SPY, QQQ, SMH and /ES in that screen, is super important for me to see how the market is doing before i enter a trade, always have these on one monitor. On the 2nd and 3rd monitor its just stocks, you can detach the chart from the main screen by clicking the 3 lines below the onDemand button, hit detach and you can get just a chart, then you just make 4-6 small charts and fit them in your monitor, please make sure to save your layout for next time. + +A day before, i looked for a specific setup, like today i will have TSLA on watch for tomorrow, hoping it breaks out, really want this to get volume and pass 695 and the 700, round numbers are psychological numbers, if it breaks we can see 724, 50% in the Fibonacci. we will see tomorrow, but these are the types of plays that i look for a day before and then have them in my screen ready to play them, i also add alerts so if it breaks out, TOS will let me know and i can take the play. + +[TSLA](https://preview.redd.it/ajm9eau493871.png?width=1853&format=png&auto=webp&s=d583aa1c2218ef96935c037fc57a547d640fd7b0) + +**Time Frames**: i always look for trade in a 6 months 4 hours time frame, for intraday i like the 3 minute one for looking for setups and its the same setup i always look for, here is an example of the trade that i normally take, i draw my lines (red one) if it breaks you get in, now in this one is tricky, if you see closely, it broke out, pulled back, scared the longs and then pushed. + +**Drawing:** Super important to start drawing in your charts, start adding resistance and supports, add Vwap, pivot, previous day highs, previous day lows, EMA's 9,20,50. you can google how to add these, super easy. then follow the stock and see if its hitting your limits and try to maybe tweak it a little if you are off. + +The other one i like and the only thing i use is my [Volume indicator](https://youtu.be/l7JIXig608E), here is a video on how to add it. + +also the different time [frame buttons](https://youtu.be/uA8sdjutGqk), here is the video to add it. + +&#x200B; + +[COIN](https://preview.redd.it/wve3icf0b3871.png?width=1855&format=png&auto=webp&s=6d5b8913660504d08e1e62bb7f16d833d8e1a6c9) + +Anyways, that's what i have for now and no im not going to sell you a course or try to get you in a pay channel... + +I'm here to help, PM if you have any questions or whatever!! + +&#x200B; + +Stay safe and no FOMO!! +I did a [quick google search](https://www.google.com/search?q=fatfire+reddit+best+house+features) for this and didn't see any existing threads. + +What are some favorite features that your upscale houses have, that a normal house does not? + +Giant home gym? Infinity pool? Beautiful finishes? A special garage for your boat and RV? Something that you wouldn't expect? Let us know! +The thing is, all of my sales last year were out of state. I live in Ohio. I was under the impression that I wasn't required to collect on this. I plan to call the department of taxation when their office opens on Monday, but would like to be as informed as possible. Does anyone know why this would be happening and whether it can be appealed? + + + +Edit: This is definitely not what I would have guessed would be my most popular post. Theres a lot of good advice though and I appreciate it. I did file and report my sales in my tax return. This is most likely how Ohio Tax Dpt. knew to bill me, however I only had one sale to someone in Ohio and that one was returned. Because of this I didn't think I needed to file a $0 return which seems to have been my mistake. + +I'm a Jan 21 ape. I've been here for a lot. Remember how GME climbed everytime DFV spoke during the hearing? I do. That shit was epic. I bought more when he doubled down. I bought again when he said "farewell." Its been a ride. + +I nabbed my first shares around $310. I just wanted to be here for it. Then they smacked it down to $38 and I did the smartest thing I've ever done in my life. I loaded up as much as I could. I scrambled for money every way possible and impressed myself at how much money I was able to scrounge up in a panicked fury. Humble numbers for most, but impressive for me. + +I've since gotten a new job and my position has grown to a number I'm content with. The money I have in this is more than I've ever seen in my life. + +Which brings me to my point. What I have in this is not inconsequential to me. In fact, it would make a huge difference in my life. That being said, if it were to all disappear, nothing would change for me. I've always been broke. I graduated in 08 to a freshly incinerated economy, worked minimum wage, climbed my way up to something decent but only a homeless man would deem successful. I'm thankful for what I have, but I'm nothing to be jealous of. If I lose my investment, life just goes on as it always has. + +I believe most of us are in a similar position. We are just cogs in a machine waiting for one chance to have a life worth talking about. I'm amazed at how fervently GME's investors have stuck with this at every price point. If you are reading this you've probably bought throughout this entire journey, much like myself. + +That is why GME's investors will win. They invest with dedication, frivolously, throwing caution to the wind, and in spite of everything telling you that you are wrong. You've bought at $400, $38, and everywhere in between. No other stock has had this dedication. No other stock has had this relentless buying, voting, and most importantly, DRSing. + +If you lost your ass on this, would it sting? You bet. Would you like to touch the money you have invested? Of course. But you wont. I know you wont. I've day dreamed about what I could do with my investment but the thought of actually selling gets a no from me, dawg. Everytime. I'm not alone. Either I walk away a made man, or I'm not leaving. There is no alternative. + +Too much spoken of a year ago has come to pass. Look at where we are now. We were talking about a crash while the market was making still making ATH. We spoke of NFTs before we saw the job listings. Gamestop crowd sourced us for new ideas which they actually implemented. A forum on the internet has collectively unmasked a mountain of fraud and manipulation. We all contributed in some way even if all you did was upvote something to help it garner more attention. + +Anyways. + +Look. I've got nothing to lose, and I'm in it to win it. Do you know me? I think you do. +1. Energy leader Chevron (NYSE:CVX) +2. Chemical and materials giant Dow (NYSE:DOW) +3. Information Technology group International Business Machines (NYSE:IBM) +4. The largest U.S. bank by assets JPMorgan Chase (NYSE:JPM) +5. Pharma group Merck (NYSE:MRK) +6. Multinational manufacturing conglomerate 3M (NYSE:MMM) +7. Global pharmacy retailer Walgreens Boots Alliance (NASDAQ:WBA) +8. Networking technology leader Cisco Systems (NASDAQ:CSCO), +9. Non-alcoholic beverage group Coca-Cola (NYSE:KO), and +10. Verizon Communications (NYSE:VZ), which is leading the 5G rollout efforts as one of the largest communication technology companies worldwide + +Source: https://www.investing.com/analysis/2-etfs-for-dow-dividend-dogs-looking-for-passive-income-in-2021-200548827 +I've been my definition of fatFire for over 2 decades (retired at 50, now 74). I found this subreddit a few months ago and find it mostly interesting and even 'enjoyable'. But I find myself bothered by the apparent definition of fatFire being some multiple millions of dollars divided by some number between 25 and 33. To me, it seems more appropriate to look at the equivalent of annual wage levels and pick a level as representative of fatFire. From Investopedia: + + **2020 Average Annual Wages** + +**GroupAvg. Wages** + +Top 0.1% of Earners $3,212,486 + +Top 1% of Earners $823,763 + +Top 5% of Earners $342,987 + +Top 10% of Earners $173,176 + +If my annual spending in fatFire is in the top 10% of average annual wages, it seems to me that annual spending greater than 9 of 10 persons income fits a definition of fatFire. I've always been above the top 5% category but below the top 1% (most of the time) and top 5% certainly feels like it should be a definition of fatFire. Top 5% spending/annual income for a retired person ... a level higher than 95% of the population (USA). + +I'm bring this up because the discussions I see don't reflect my (and others I know) real experiences in generating post retirement income. Pensions and social security are solid six figure annual numbers. Non working minority interests in family lifestyle businesses (not really salable) are solid six figure annual numbers (for decades). Long term illiquid real estate participations as well (not salable until gp liquidates someday). And frankly with good tax planning and IRAs/Roths, tax rates can be ridiculously low (my Federal tax rate in 2017-2019 was low single digits excluding earnings in entities like IRAs etc. + +I happen to have enough traditional savings to meet some of the 25 multiple criteria but really doesn't matter since spending while considerable always is less than 'income'. For me knowing that pensions and social security were coming someday plus some other stuff, I spent down some savings in the early years knowing there would be backfill from pensions and SS and other stuff. I did some short term trading in the early years with a small amount of money (months of holding not day trading) and it created additional surpluses. And these surpluses got spent. + +My point is that a picture of 'x' millions 80% in VTSAX + 20% bonds divided by 25 as the way to describe fatFire seems limiting. There are other ways to look at a lifetime of retired spending at the top 5% wage level that some people could consider and this different look might get them real retirement a decade or more earlier. A 'guaranteed' income target rather than a wealth target might be better in talking about our time as fatFire. + +&#x200B; + +Am I wrong? What do long term folks on this subreddit think is fatFire? Why would fatFire be greater than top 5% annual wage equivalent? + +I'm curious because I'd like to see a community similar to my definition but I don't think I can really contribute or maintain interest if the cutoff is top 1% or top .1%. +I heard, somewhere, that a main difference between liberal and conservatives is that the former believes that it's spending power that drives the market, so you want a majority of the population to be buying, and the latter believes that innovation drives the market, that is you want to give it to "innovators." So I guess the idea is that being able to spend drives innovation? And the opposite idea is that a smaller group of people are better at innovating things that are of any significant value? I'm aware that economists agree that tax cuts increase spending, but is there any information as to whether it is better to make sure the majority of the population is spending the most? I hope this makes sense. I did my best. To be open about my bias, I really want to know if any of my convictions about quickly and vastly increasing spending for social safety nets or if I need to think and vote differently about this. +It seems that DRSing has hit a brick wall around 90k Computershare accounts. + +Coincidentally, the number of Computershare accounts aligns very closely with the number of members of the more recent sub: the jungle. The mods of the jungle stopped accepting new members because they detected a sharp rise of suspicious activity from new accounts around 90k members. + +I believe that most people that subbed the jungle came from here. If we subtract those 93k jungle members to the 697k members of this sub we get 600k accounts. + +So we have 93k jungle members who are most likely in Superstonk as well and around 90k CS accounts. Are the other 600k accounts bots and shills? + +If not, why is DRSing stalling when Computershare account numbers are 97% of the number of jungle members? +🎥xxxNifty | 🔞The Adult NFT Platform + +👉What is xxxNifty? + +XXXnifty is an NFT (Non-Fungible Token) Platform focused on adult content. + +They are changing the way fans interact with their favorite Adult Content Creators. Through NFT’s we allow Adult Content Creators to sell unique collectible videos/photos. + +Imagine owning one-of-a-Kind content in the form of an NFT from your FAVORITE content creator. They are creating a completely new way to interact with your favorite adult performer. + +Win a free NFT contest is currently LIVE on the Official XXXnifty Twitter: XXXNifty 🚀🚀 + +The XXXNifty team is going to be on the Jessa Rhoades & Cali Carter’s Podcast on June 7th. 👀 🚀 2m+ following +Professor Crypto video is soon to be released 🚀🚀🚀🚀 + +New NFT dropping today! 6/1 featuring artist Chokobanana 👀 🚀 + +Dev Doxxed ✅ + +Website v1 refresh in the works (tentative date 6/14) ✅ + +Amazing Community ✅ + + +$NSFW Available for purchase on PancakeSwap v2 + +👉Do you want to release an NFT with them? + +They are currently accepting submissions from adult entertainers on their website + +👉Who are the people who are part of the NFTs? + +Now they have Adult Content Creators like : Cali Carter, Jessa Rhoads, Chokobanana, Bonni Good, Devan , Gem Stoned , Haley Girl , Heauxslayer, Kyla Says Meow, Lacey Martin, PolyAnnie, QueenSkydive, Sinn Sage, Sn3JDargll35. + +Total Redistribution Rate: + +10% + +5% to go towards LP Providers (airdropped every two weeks) + +2% to existing holders + +2% to be burned + +1% to Marketing + +🚀If you want to know more about the Website and Contract you will find the information here: + +[https://www.xxxnifty.com/](https://www.xxxnifty.com/) + +📈0x9DAAa05946e486ADd2c81e0d32D936866B8449D9 + +📱Telegram Official Channel: [https://t.me/xxxnifty](https://t.me/xxxnifty) +Currently people have more money in the bank due to less money going out. People are bored, stuck in front of their computers and stocks only ever go up, right?... + +Ah, we can go outside again. Let's go on holiday, the pub, buy a new car to go to places...etc +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://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: 2048 days +Reference price: **$2.87** + +[Data will be sourced from CoinGecko](https://www.coingecko.com/en/coins/cardano) + +**FILTERING CRITERIA: 1w, USD, Linear Chart, Close Chart** + +Winning results will be based on the price **at 12 pm PDT on September 6th.** Results of the prediction will be revealed **between 11:59 AM PDT and 11:59 PM PDT the day after the prediction date.** + +[View Poll](https://www.reddit.com/poll/pdk1aj) +Yesterday for one of my posts, I got a reply that S&P 500 and NIFTY 50 have a very low correlation. I checked the wiki page of the forum which says the same. This was contrary to what I read. + +[https://economictimes.indiatimes.com/markets/stocks/news/in-the-past-15-years-nifty-has-moved-in-tandem-with-sp-500-heres-why/articleshow/48667534.cms?from=mdr](https://economictimes.indiatimes.com/markets/stocks/news/in-the-past-15-years-nifty-has-moved-in-tandem-with-sp-500-heres-why/articleshow/48667534.cms?from=mdr) + +[https://www.moneycontrol.com/news/business/markets/daily-voice-correlation-between-india-and-us-markets-is-about-70-80-naveen-kulkarni-5820541.html](https://www.moneycontrol.com/news/business/markets/daily-voice-correlation-between-india-and-us-markets-is-about-70-80-naveen-kulkarni-5820541.html) + +So I did some data analysis of my own. I have taken data from [in.investing.com](https://in.investing.com) and the indices are total return indices. And correlation was calculated by Excel formula between the returns. + +My suspicion was low correlation was seen when daily returns are considered. Sure enough, I got a correlation of 0.11. If I consider weekly returns I got a correlation of 0.55 and for monthly returns 0.66. I did not check yearly returns as data would be less but I guess it will be even more along the lines of the money control article. + +My suspicion of low correlation is mainly due to the performance graphs look almost the same. As a communications graduate who has to study a lot of probability, I know that can be deceiving and hence had to do this analysis. + +Conclusions + +1. The correlation is low for daily returns. +2. It starts increasing as the duration increases. Makes sense as daily returns are mostly noise and rolling averages smoothen and give a better picture even in the analysis of a single index. +3. It is still not >0.95 correlation but I suspect over the long term we can see a correlation of 0.8. +4. In this era of globalization, the indices should show more correlation as information is instantly available. +5. The S&P500 should still provide some hedge against local changes in the Indian market. It is just that in the 2000s we did not have any local event making us move differently. +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) +Apologies if this isn't the best place to ask this question. I originally posted it in r/personalfinance and it went about as well as you'd expect. I thought you all might have some perspective to share. + +My wife and I are both 35, one kid with another on the way; we live in a very LCOL area. She's been working her way up the ladder and recently accepted an executive position with around $800,000 total compensation and is on track for the C suite once her boss retires. + +I have a business I started in my 20's that's worth maybe $1M on the balance sheet. I take about $100,000 annually. It's respectable, and I feel like it could grow, but it's a slog and is contributing less and less to our family's NW and cash as time goes on and my wife earns more. It's hard to motivate myself to work late hours or deal with whatever fresh hell my employees come up with when my wife is bringing in bonuses equivalent to my annual draw. + +My question is, in situations where you're being out-earned so significantly by your partner how do you decide to stop working? In the event that you do stop working, what exactly do you do with yourself? I would certainly love to spend more time with our kids, but I'm only 35 and don't exactly want to "retire" into the life of being an executive's husband. + +Part of me feels like I could sell my current business and start a new one, but again the motivation is just so low when I feel like we have so much income already coming in. Anyone else ever find themselves in this sort of position? +I come from generations of poverty. Many of my cousins have been to prison, or live in trailers in the same dead-end town we grew up in. No one has a steady job, or a career to speak of. My mom did the best she could as a single parent, always working two or three jobs. I was never given any advice on how to plan for a life, career, college, etc. and so I took some classes but still don't have a degree (in my thirties), neither does my husband. We make an OK living, probably lower-middle class income, but we are still struggling at times. +Our kid is five, what do I need to do to NOW to help him become the first person in our family get a college degree? Seems like everyone else is successful by this point in our lives and we're still struggling. I don't want him to have to struggle so hard just to get by... + + +Edit: Getting a lot of comments along the lines of 'don't have a kid if you can't afford it.' Just to clarify, we can afford it just fine. We don't have 8 kids, we have one. my question is in regards to "how can i help my child get out of the lower class? middle and upper class people have access to lots of information and resources that i didn't growing up - what are those things? what are the basics i need to start teaching him now?" + + +Edit2:wow, this is getting some attention! here's a little more details: + +*we've since moved away from the dead-end town in a bigger city, so no sleazy family influences to deal with + +*we picked our current location based on the best public school system in the area, but it's still only rated about a 5/10 + +*we're good on the basic-basic daily needs, we have a budget, but just can't ever get ahead on getting an emergency fund together + +*financial situation is mostly due to me not having a college degree, and my husband finally got his GED last week (hooray!) + + + +Edit3: holy cow! i'm making my way through comments slowly, lots of great stuff in here. thanks for all the kind words and encouragement! + + + +Edit4: OK almost 900 comments, I am so overwhelmed, lots of encouragement. Gonna take a break for a few hours and keep reading later, today's Library Day (open late on Mondays)! Much Reddit love 🖤🖤🖤 + + + +Edit 5: OK guys, I've tried to keep up, but checking out for now! Lots of people have suggested going back to school myself, and it looks like I may be able to sign up for some summer courses. Thanks for all the awesome stories of moms and dads who did make a better life for their families through sacrifice and hard work. It's good to know it was worth the effort and was a good lesson too. Lots to think about, and a big list to put together! +Hello. So my situation is that I have a pretty stable job but also a big mortgage. + +I have 3 to 6 months' cash on hand and with a stretch am able to put $2k per month in shares. + +I really want a thing. If I tell you what it is, you will mock me. It costs $14k. + +How do you decide when to splurge. To get it would mean saving for 7 months and not investing. I kinda feel like it's irresponsible but also, what if I get hit by a truck in a year. + +How do you decide when to splurge? + +Edit. Outdoor LED sauna. SO NICE. I can't even keep my own secrets 😂 +Not a total noob in investing, but I have always looked at dividends as a bonus. + +Let me explain, and feel free to change my mind, I'm here to learn. + +I moderately study a stock before investing. Dividend is not the first thing I look at. I am your typical hold a stock for some time, till I make some money and sell in time. + +Reinvest the profit and If I could get the dividends during my predefined profit and loss margins I am happy. But I wont hold a stock just for the sake of earning dividends. + +Now, reading the entire post by u/Firstclass30, +I want to understand what I am missing out on. + +EDIT: +Thank you, everyone for explaining. +I think it will be beneficial to let you know, + +Consider: +Capital: 5K$ , +Share price: 10$ , +Dividend Yield: 6% , +Expected Increase of Stock Price: 2% annually. , +Years to invest: 30 , + +1. My portfolio size in 5K$ +2. Compounding and reinvesting at 6%, will bring me to 50K in 30 years. +3. If I stop reinvesting my dividend at 30 year mark, I will earn about 2795 $ a year in dividend income. +4. My initial investment of 5K$ may (optimistically) be 4 times at 20K$ with the stock price increase and additional shares purchased. + +I may be able to increase my portfolio size, but let's consider I can't. + +The above 4 points are not very attractive for me or I would guess it wont be attractive for any investor with a portfolio size of 10K$ and below. + +Any more suggestions after the edited information? What am I missing? +Again, here to learn, thanks for teaching. +Hi Guys, + +I was reading the book "Rich Day poor Dad" and I was wondering if the strategy still works in 2022. correct me if I'm wrong; from what I'm reading they are using debt to pay no taxes while keeping all the assists and from properties appreciations they get a bigger debt and repeat. I create an example below to help me better off to help me ask some questions. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Made up example:** + +House cost: 100k + +Down payment: 20K + +Loan: 80K + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +House generates : $500 per month + +% paid back on loan: $200 per month + +\---------------------------- + +Cash flow : $300 per month $3600 per year + +Depreciation write off per year $5000 per year + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Questions** + +1) From the above example does that mean I don't have to pay taxes on the $3600? + +2)What is the percentage of depreciation per year for housing? Is the % for all kinds of properties? + +3) In the book what they did next was using appreciation from the house to borrow more debt, but my question is would the bank lane you more money if you didn't paid the last payment? even if your properties net income got higher? + +4)Why does a property depreciate and appreciate at the same time? +I'll make this pretty quick, I'm 24 and I had been making $10 an hour for the past year and my wife has been making $13. We're doing okay paying our bills but didn't have much to save. I just accepted an offer 45k a year at the same org (I love where I work), and I'm wondering what to do when our emergency fund is saved up. We do not have an emergency fund that can sustain us for 3 months, so that is our top priority. + +We've lived well below our means, even while I got paid $10/hr and she got paid $13/hr. We are working off our student loans and have 33k left. My question is, once that emergency fund is saved should we aggressively pay off our debt until it's paid off and then save for a house? OR save for a home and pay off debt less aggressively at the same time? +I’ve been slowly pouring money into the market over the course of 6 months with the intention of never selling, since I don’t really understand the concept of profit booking unless you’re actively trading or rebalancing every week/month. + +My goal was to 10x my money by 2030 which I already thought was over ambitious since the rally of Covid will eventually die down and stocks without proper fundamentals will fall hard. And I’m basically buying at ATHs. + +I was recently told that 10x is a stupid goal and I should be aiming at 100x in 10 years because India is now in the growth phase and despite precorona being the longest bull market, it won’t die down. That itself seemed a noob statement to me, but I did get to wondering. Is 10x as a long term goal not ambitious? Are there any stocks that will definitely go higher than 10x over that course, even if they don’t reach 100x? + +Logically, there have to be since even HDFC bank which seems like a super conservative and safe stock 10xed over the past 10 years. Then there’s MRF. + +So, what are your Uber long term plays? I say 10 years since that’s my shortest long term timeline +With the stock market still in the volatile territory and unemployment rates soaring due to the ongoing COVID-19 situation, are you expecting to see a lot of foreclosures in the upcoming few months?? +A year has passed, which means it’s time for another annual update. + +If you missed my previous posts, they can be found below: + +https://www.reddit.com/r/financialindependence/comments/emwhuo/27_black_female_raised_in_hood_just_crossed_100k/ + +https://www.reddit.com/r/financialindependence/comments/n4tbll/you_may_snatch_my_job_from_under_my_feet_but/ + +Let me start with my numbers: + +401k: $203k // Ind. Brok: $182k // Roth IRA: $31k // Checking: $20k // RSUs: $2k + +NET WORTH = $438k + +Overall 2021 growth was $169k, which was a 63% increase YoY. I invested $113k total. + +Here’s how long it took to reach each $100k: + +$0k - $100k: 36 months + +$100k - $200k: 13 months + +$200k - $300k: 7 months + +$300k - $400k: 8 months + +As a reminder, I’m 29, I work in marketing, earned $187k total comp in 2021 ($150k base, 37k bonus), split expenses 50/50 with my partner and don’t have/want kids. + +Reflections +* FIRE Journey - I’m in what some call “the boring middle,” but it doesn’t feel boring or slow. If you factor in the power of compound interest and my contributions I’m technically 75% of the way to financial independence! As I near the end of this journey, it feels bittersweet. From being obsessed after discovering FIRE to having contributions on autopilot, it feels like I’m approaching my senior year of college all over again. I’m nervous, excited and impatient all at once. I understand the importance of cherishing these last few years as my life may look different after I hit FI (reduced hours, more travel, more writing/other hobbies). I’ve also been drawn to stories of people who write about their life post-FI. Maybe this is a sign for me to create a post-FI blog 😉 + +* Career - My current job is very low-stress and to many, it may sound fun. However, I feel like I’m hitting a ceiling in terms of growth opportunities and have been applying to other roles (specifically remote). The company treats and pays me well, but that’s not enough to keep me. Once I reach a point of mastering my responsibilities, I get bored. That’s when I know it’s time to look for another job. I figure if I’m roughly 3 years away from being fully FI, I might as well try to earn and learn as much as I can these last few years in this industry + +* Love - My partner and I are still going strong. We’ve been talking about marriage lately and playing around with the idea of getting engaged in 2023. His NW is nearly identical to mine so if we were to combine finances our NW would be ~$850k. Whenever we get married, we will likely have a small, intimate wedding (20 people max) and spend lavishly on the honeymoon + +* Family - After nearly 2 years (Thanks, COVID), I visited my parents for Christmas 2021. It was rough seeing the conditions of the neighborhood I grew up in. Everything is falling apart (houses and people) and my mother is drinking alcohol more than ever. I feel helpless. My mother and I don’t have the best relationship (it’s definitely improved over the years), but it still hurts to see her this way. I want to help her, but she has to be ready for change at her own time. After chatting with her a bit, she’s definitely not ready to seek help. As for my father, his health is deteriorating as well. The good thing is they both have pensions and should be okay in retirement. I just wish they took better care of themselves and moved to a safer environment + +* Mental Health - My happiness has been pretty steady. I don’t feel deprived. However, I’m itching to travel more (especially internationally). Hitting 50% FI has given me a sense of calm and freedom. So much so, I feel like I already won the game. I’ve been thinking about what I want to do when I reach 100% FI (some of which I’m already doing) and it’s been fun researching the possibilities + +* Physical Health - I cycle indoors 3-4x per week for an hour, lift weights 2x per week and eat well. During warmer months I go for long walks outdoors. My body feels fantastic. After witnessing the declining health of my parents (early 50s), I’m even more passionate about maintaining healthy habits. Financial independence is no fun if you’re sick or in pain all the time + +* Future - I don’t have specific financial goals except to continue what I’m doing. Within the next few years, I’d like to think more about what I want to transition to once I hit FI. Right now, my FIRE range is between $1.25M-$2.5M individually. I spend between $30k-$35k annually. For some reason, my partner wants us to aim for $10M ($5M each), but I’m not interested since I can’t imagine what we’d spend it on. I mean certainly travel, but with compound interest on top of that I can’t envision us spending it all in our lifetime. This will require more discussion before we get engaged, but would love to know how other couples reached a mutually desired FIRE number/range + +Until next time… +Well, lending your workforce to an entity and gaining money in return. Sounds like proof of work? It pretty much is. Bonus points if you can check your exchange of choice on your phone and do the occasional trade or stake during your work time. + +Personally looking at it that way helped me quite a bit, instead of loathing going to work I now see it as a necessity to be able to invest more into crypto and reach financial freedom one day. + +Cheers to those reading this at work. +Hey all, + +I'm graduating this December and have recently accepted a job offer for a company making 73k. I know 4 others that have also accepted an offer all for the same amount. + +I just recently found out from someone who already works there that there was a company wide inflation raise of 10% + +Today I heard from two students who were just offered positions for 80k + +What's my best course of action for something like this? + +Edit: + +Found this on their website + +> XXX will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. " + +Edit 2: + +All of us are graduating at the same time, from the same school, with the same degree +Dear Apes, + +&#x200B; + +I know I am not the only one to see that something changed drastically with the media this past week. + +While being brutally ignored, falsely reported on, accused and shoved into a drawer named "retail TRADERS" and then attacked with major FUD on all forums, suddenly the tides seem to shift and we really need to figure out why to be a step ahead of our enemies. + +&#x200B; + +Lets start from the absolute bottom. Have you ever heard of News Corp? Sounds like a generic name for the evil cyberpunk corporation owning every medium of information in the far distant future - or simply the shitty, generic name for the biggest media corporation in the English speaking countries. + +https://preview.redd.it/s3otl58jzv371.jpg?width=400&format=pjpg&auto=webp&s=7f4dd7d8db3e63003c9b1a71089187771f299942 + +What you see above is just what they owned a couple years ago but do you know what they own now? Motherfucking Dow Jones & Company, who also own the Wall Street Journal, MarketWatch, Barrons and Financial News. + +So the same company that shows you some nice movies that you watch with your kids at night is the same company that tells your grandparents immigrants are destroying your country and the same company that tells young Wall Street guys who to blame for their bad quarter. + +&#x200B; + +Now that we got that established, we need to carefully examine what their game plan is. I am sure you guys have seen this video and if not, please watch it for further education: [https://www.youtube.com/watch?v=\_fHfgU8oMSo](https://www.youtube.com/watch?v=_fHfgU8oMSo) + +&#x200B; + +See, they are not stupid. Well, they could very well be but they do have influence we mere mortals don't have. And influence is just one of those tools that makes your whole life a lot easier, so who cares how smart you are? + +&#x200B; + +Im getting off track. + +&#x200B; + +SO the MSM has a goal and an agenda they are trying to portrait on us and that has changed rapidly. See for yourself: + +&#x200B; + +WSJ earlier this year: + +[https://www.wsj.com/articles/gamestop-investors-who-bet-bigand-lost-big-11613385002?mod=searchresults\_pos15&page=3](https://www.wsj.com/articles/gamestop-investors-who-bet-bigand-lost-big-11613385002?mod=searchresults_pos15&page=3) + +[https://www.wsj.com/articles/how-redditors-find-the-next-gamestop-stock-11613644201?mod=searchresults\_pos6&page=3](https://www.wsj.com/articles/how-redditors-find-the-next-gamestop-stock-11613644201?mod=searchresults_pos6&page=3) + +[https://www.wsj.com/articles/on-youtube-gamestop-hearing-just-another-pumping-opportunity-11613746504?mod=searchresults\_pos13&page=2](https://www.wsj.com/articles/on-youtube-gamestop-hearing-just-another-pumping-opportunity-11613746504?mod=searchresults_pos13&page=2) + +WSJ now: + +[https://www.wsj.com/articles/gamestops-most-loyal-shareholders-are-in-it-for-the-long-haul-not-the-memes-11622971801?mod=searchresults\_pos6&page=1](https://www.wsj.com/articles/gamestops-most-loyal-shareholders-are-in-it-for-the-long-haul-not-the-memes-11622971801?mod=searchresults_pos6&page=1) + +&#x200B; + +Fox News earlier this year (I felt dirty visiting their website but everything for you guys, right?) + +[https://www.foxnews.com/politics/toomey-warns-gamestop-trading-bubble-case-sec-involvement](https://www.foxnews.com/politics/toomey-warns-gamestop-trading-bubble-case-sec-involvement): + +[https://www.foxnews.com/opinion/gamestop-finance-elites-populists-sean-davis](https://www.foxnews.com/opinion/gamestop-finance-elites-populists-sean-davis) + +&#x200B; + +Fox News now: + +[https://twitter.com/cvpayne/status/1401572404854468613](https://twitter.com/cvpayne/status/1401572404854468613) + +&#x200B; + +CNBC/Interactive Brokers then: + +[https://www.cnbc.com/2021/01/28/interactive-brokers-restricted-gamestop-trading-to-protect-the-market-says-chairman-peterffy.html](https://www.cnbc.com/2021/01/28/interactive-brokers-restricted-gamestop-trading-to-protect-the-market-says-chairman-peterffy.html) + +&#x200B; + +CNBC/Interactive Brokers now: + +[https://www.reddit.com/r/Superstonk/comments/nufmzc/ibkr\_chairman\_thomas\_peterffy\_warns\_tempted\_short/](https://www.reddit.com/r/Superstonk/comments/nufmzc/ibkr_chairman_thomas_peterffy_warns_tempted_short/) + +&#x200B; + +&#x200B; + +I want to be clear. I don't tell you what to think. I don't even know what to think to myself. The only thing I know for sure besides BUY, HODL, WAIT is that if we side with MSM when they report correctly while ignoring/distrusting them on other times, that gives them INFLUENCE over us which is their only power. So why would they change their narrative now? and don't come with the "oh the money must not have been enough" or "look, they are starting to see the light" or "looks like their owners are bankrupt". NO, NO, NO. They are in on it and we need to figure out what they gain from reporting the news like that. + +&#x200B; + +Look, im just an Europoor ape over here who likes to make memes. But I also don't like being bullshitted at. If someone I know does something disgusting and does not apologise, no, its just part of who they are, you can bet your ass when they are nice is because they use you/want or need something from you instead of their personality having changed. + +&#x200B; + +Stay save out there and quick side note, don't forget to enable 2FA for your accounts! + +Cheers +Grocery store worker ape and X shareholder reporting in. I work with meat every day, and seeing prices rise over the last few weeks has me shook. Here's just a sampling of what things cost now. + +1 pound package of Oscar Mayer Bacon. Was $6.99 merely 3 weeks ago. As of today is $9.49 + +Filet Mignon. Out of most people's price ranges anyway, but our older, more monied clientele bought quite a bit of it. 1 month ago was $17.99-19.99/lb. As of 3 weeks ago it is now $27.99/lb. + +Chuck roast. $5.99/lb last week. $8.99/lb today. + +Sirloin tip steak. Ah yes the lowly sirloin tip steak, about as bargain as a bargain cut gets. The store I work is next to the campus of a state.university, so the tip steak is a great way for broke college kids to get a piece of beef. Yesterday tip steak was $5.99/lb Today? $10.49/lb. Almost doubled in price. + +Pretty soon much of the population will be priced out of EATING. + +Inflation, stagnant wages, imminent economic collapse. The DD is clear. GME is THE hedge. I buy what I can. I HODL what i have. Not financial advice, not a financial advisor. I've been hit by a car on 4 separate occasions so clearly I am stupid. +Planning on purchasing a duplex as my first real estate property. My goal is to generate cash flow and build equity. + +&#x200B; + +I am looking at duplexes around $250K, and hoping to collect $1,250 in monthly rent, per unit. I have enough saved up for 20% down payment. + +&#x200B; + +I'm debating between the two different options, since I do not mind the apartment I'm currently living in : + +* **Option 1**: Renting out 1 unit and moves in to the other unit. +* **Option 2**: Renting out both units and stays in my current apartment ($850 per month) + +&#x200B; + +I'm not sure on which one is the best option in the long run. For option 1, would pay a lower down payment of 20% and a cheaper interest rate. Where in option 2, I would have to pay 25% in down payment and slight higher interest rate. Since the duplex would be considered an investment property not primary residency if both units are rented out. + +&#x200B; + +However, the second option would allows me to collect $2,500 in rent each month, from the two units. I would only have to pay $950 for the apartment, which would gives me $1,650 of positive cash flow. Where if I move in to the duplex, I could only collect $400 ($1,250-$850) per month. + +&#x200B; + +Since I am flexible on where to live, should I go with Option 2 to maximize my profit? This there anything I didn't account for? Any tips and/or advises would be appreciated! +I deposited a sum of money this past Wednesday. I asked the bank teller to write down the account balance on the deposit receipt. I don’t keep what I would consider to be an exorbitant amount of money in that account but it does have about 6 months worth of living expenses and all of my standard checking and savings accounts are with this institution. + +Later that evening, I received a message request on Facebook from the bank teller asking for money. It was a long story about how he was trying to marry his fiancé and a bunch of other nonsense. + +I didn’t respond and tried to forget about it, but It’s been bothering me for the past two days. I know it’s inappropriate, but if it were just that, I could get over it. + +Does this person have access to my accounts? Should I be moving my assets? This feels like a breach of trust between me and the financial institution. I’m a way, I feel like my privacy has been violated. + [https://www.marketwatch.com/story/trump-to-sign-executive-order-suspending-h-1bs-other-visas-2020-06-22?mod=home-page](https://www.marketwatch.com/story/trump-to-sign-executive-order-suspending-h-1bs-other-visas-2020-06-22?mod=home-page) + +This may impact the Tech sector industry drastically in the future. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I am reading posts on reddit and other sites where ppl claim they have managed to get a 5 year fix for 2.5% last week. How? I can only see 5 year fixes starting at 4.8%. +Stage 1: People refer to a large, sudden, and unexplainable drop in price as a 'correction', anyone referring to it as a crash gets shunned. + +Stage 2: People start responding to any question with 'just don't look at the charts all the time' and get offended when people want to talk about crypto on a crypto subreddit. + +Stage 3: Some people start using the word crash without being downvoted while others are confident that it will be going back up soon. + +Stage 4: People are now confident that it will definitely be going lower and will always go lower, the crypto dream is dead and so is the stock market. Everything is ruined. Other times the market has gone down get referenced constantly. The phrase 'crypto winter' starts being repeated frequently. + +Stage 5: EVERY question gets answered with 'we don't know shit about fuck'. Some people start commenting 'go outside and touch grass' to every post no matter the context. + +Final Boss Stage: The suicide hotline number gets posted. +We need to hold our government accountable for knowing what is about to happen and saving their money. If any politician sells before crash the need to be removed in my opinion. If they will not hold our governing agencies accountable but still use information to keep their money they should be indicated with the manipulators and sent to jail. + +Edit: someone said a guy posted about politicians and a site that tracks their selling. If this is real time data or close to real time I think we need that post pinned to top of board daily + +Edit: the more eyes on potential signs of fuckery the better off we are. +I will start with one. GTT FR (french company). GTT is a global monopoly with royalty income streams coming from LNG storage in LNG carriers. All Lng carrier ship builders have to pay 5% of their topline to GTT. Moat is that no one else has the track record and tech to minimize Lng loss during transportation. +Hello Value Investors! + +&#x200B; + +I am sure many of you had to deal, at least one, with someone arguing that actively picking stocks is a losing game. Their most favourite argument is that nearly 90% of actively managed investment funds fail to beat the market and therefore there is no way the average Joe can do better. + +There are many reasons why actively managed funds fail to outperform the market. Some of them are not even designed for that purpose (i.e. Hedge Funds) but they are still included in the count. + +Funds make money by charging investors a percentage of assets under management and their investing decisions can be heavily influenced by their clients. You can be the world’s best fund manager who owns a personal portfolio that has been outperforming the market over the last 40 years but if your clients call you in droves and tell you “either put my money in Tesla or I pull my money out of your fund”, there is a strong chance you will end up chasing the hype and accepting your fate as client satisfaction is more important than beating the market. You know, fund managers who are willing to stick to their strategy and predictions to the point of suffering an investor revolt are a rare thing (e.g. Michael Burry before the beginning of the financial crisis of 2007–2008). + +Anyway let's assume the above-mentioned percentage not only includes actively managed funds but rather every single active investor out there. What's the lesson to be learned here? One out of every 10 active investors does beat the market and you know exactly who they are and how they do it. + +In this respect, I find "The Superinvestors of Graham-and-Doddsville" enlightening. A lot of active investors don't fail to beat the market because they lack of knowledge or skills, they fail because they lack of discipline and emotional control. To use an analogy, we all know that we have to eat healthy and exercise in order to live a better and longer life, but nonetheless many of us are too lazy to do something about it. + +The most reliable and effective way to consistently beat the market is purchasing something worth x for less than x by a certain amount (the so-called margin of safety) and hold it for the very long-run (unless something negatively and permanently impacts the original thesis). And it is mind-boggling how, despite the endless evidence in favour of (modern) value investing, it is completely disregarded by the majority of investors. + +According to the discouraging stats, you have got about a one in ten chance of being the one who beats the market but your actual chances are significatively higher than that. In fact, if you are a value investor and pay attention to how those around you actively pick stocks, you will notice that the majority of investors love to chase the hype and are willing to pay any price for the stock that made their neighbours rich: you could really be the "one out of every ten investors" who actually beats the market. + +&#x200B; + +I hope I have not bored you with this monologue. Feel free to comment with anything that can help a novice value investor stay the course! +**Only adult NFT marketplace that accepts the native token as a form of payment.** + +As many of you know, a lot of projects on BSC space these days have a very basic mindset. Release a token, hype it up. If it takes off, start putting together a team and thinking of a use case. This has happened with the biggest names in the BSC space and keeps happening. This generally leads to pumps and dumps and most people leave at a loss. We don’t want any of that at xxxNifty. + +With OnlyFans moving away from adult content and Visa and MasterCard cracking down on adult site payments portals, now is the perfect time to get on board. + +xxxNifty has a different mindset. NFT marketplace was ready and functioning for nearly a month before the release of the token. The marketing budget hasn’t been blown on billboards in Vegas and TikTokers, but rather on porn conventions to get adult content creators on board and to get xxxNifty name out there. Whilst other similar projects release promises of a marketplace, we already sell NFT's. + +With Brand ambassadors in numbers: + +* Cali Carter (297K+ Twitter followers/192K+ OnlyFans likes/76M+ Pornhub Views) +* Adreena Winters (174K+ Twitter followers/30k+ Instagram followers/20M+ Pornhub views) +* Sabrina Night (49K+ Twitter followers/84k+ Instagram followers/8M+ Pornhub views) +* Ginger Lei (5.8K+ Twitter followers/110K+ Chaturbate followers/1.1K+ OnlyFans likes) +* QueenSkydive (800+ Facebook followers/1.9K+ Instagram followers/11.5K+ OnlyFans likes) +* Dee Siren (122K+ Twitter followers/10.5K+ Instagram followers/56M+ Pornhub views) +* Poly Annie (5.2K Chaturbate followers/1.6K Instagram followers/9.3K+ OnlyFans likes) + +Upcoming events and marketing: + +* Announcing NiftyLive! A platform where you can watch your favorite performers game naked, do ASMR, JOI, and other popular video types, with no restrictions from the platform about it being "mature content". NSFW will be used for tipping, paying and subscribing! +* YouTube Livestream Interview with Stormy Daniels on 7/5. +* Jessa Rhodes & Cali Carter’s Podcast to be released on June 25th. They have a combined social media following of over 2M. Our lead dev Alex will be present on the podcast and they will be talking about Cali Carters NFT drop, xxxNifty, NFTs, and crypto in general. +* eXXXotica EXPO 2021, in-person convention. Brought to you by CHATURBATE, MYFREECAM and CAM4. The team will be attending Exxxotica Miami, and New Jersey. +* Discussions with CEX providers LBank and Biki for listing on their exchanges + + 🧑‍🤝‍🧑 **Holders:** 16,362 + +💴 **Market Cap:** 2,833,395 $ + +💧 **Liquidity Pool:** 304,637.55 $ (10.75%) + +💰 **Circulating Supply:** 39,653,134,613 (57.65%) + +🔥 **Total Burn:** 29,130,426,945 (42.35%) + +🔥 **Manual Burn:** 28,217,019,082 (41.02%) + +🔥 **Reflection Burn:** 913,407,863 (1.33%) + +🚀If you want to know more about the Website and Contract you will find the information here: + +[https://www.xxxnifty.com/](https://www.xxxnifty.com/) + +📈0x9DAAa05946e486ADd2c81e0d32D936866B8449D9 + +📱Telegram Official Channel: [https://t.me/xxxnifty](https://t.me/xxxnifty) +It makes no financial sense for me to share legitimate strategies. + +There are might other reasons rather than financial: be popular in some area, share ideas, create community, etc. + +But I think in most cases it's cheating. + +What do you think? +My partner and I already have a PPOR and weren’t actively looking. We went to an open inspection a couple of weeks ago, coffees in hand for something to do on a weekend. Was a few interested parties present at the inspection but not super busy as has been in the past. + +House was nice, got talking to the agent and he verbally gave us a price guide for the place which we didn’t think was unreasonable but not an amount we would pay - especially since houses have been selling for upper end or more of these agent price guides. + +We went home that night, enjoyed a few alcoholic beverages between the two of us, were in a good mood. Decided to randomly put in a low ball offer 5% lower than the bottom of the price guide. + +Agent called us to play the game a couple of times ‘we have other offers, do you want to increase your offer?’ Etc. we didn’t budge an inch including our terms on a long settlement (since we didn’t really plan this, we needed time to organise). + +Ended up signing and buying a house unexpectedly. We need to rush to sell our current house but I thought I’d share our story. + +Edit: details of the purchase for those asking + +- 550sqm +- 3.5 bed, 2 bath, double garage, structurally sound, move in ready +- Kitchen, bathroom, outdoor entertaining area all renovated in last 3-5 years +- 20-25 min drive to CBD (Adelaide) +- 5 min walk to beach +- 5 min walk to train +- Popular school zoning + +5% under guide might not be a low ball but based on our observations over the last couple of years houses like this sell for 10% or more over price guide, not 5% under. + +And yes we will be selling our current PPOR. + +Edit 2:yes we are fortunate enough to be looking at houses like this, ironically this is mainly because we have benefited from increased value of our current PPOR. The reason is upgrading to support a small family in the future. +I am 17 years old and have worked the same casual job since 2017 so I am eligible for the JobKeeper allowance because my work has completely shutdown due to coronavirus. + +I usually work about 7-12 hours a week only, meaning I earn about $150-$250 per week. + +The JobKeeper payment will give me $750 a week for doing nothing and it will already have a back payment of 6 or so weeks by the time I receive it. I will receive about $4500 for doing nothing, even though I would not have earned anywhere near this if I had been working. + +This does not make sense to me at all, would I be liable to pay any of this money back to the government in the future if they realise I am profiting so heavily from it? + +Just doesn’t seem right to me that I would earn so much more than pretty much anyone my age who still has a job, even though I realise they are trying to stimulate the economy. +Thoughts on this? That is 2 huge financial institutions relying on 1 cloud provider. Although the infrastructure as a service is the best with AWS, I just get worried about 1 provider carrying that much responsibility for most US citizens 401ks and IRAs. [Fidelity_AWS](https://www.waterstechnology.com/buy-side-technology/7947681/goodbye-data-centers-hello-cloud-fidelitys-asset-management-arm-goes-all-in-on-aws) +Just bought 3 shares of VTI and 1 of QQQ. I plan on doing this every first of the month with my VA money. I do have a TSP(Thrift Savings Plan) but wanted something new. I am thinking I should do a ROTH IRA from my salary as well. + +Anyways thanks everyone for the wealth of information. It helped me formulate a small plan and get on track. +I really have nowhere to put this or anyone to tell but I've been crying, freaking out, and going crazy! I got hired at a school for the evenings and **just** accepted the position for a second job at Starbucks **back to back**! I'm scared about failing both after being laid off in March and having my confidence destroyed by so many job rejections but I'm so freaking happy! Things are finally starting to align and I feel like I'm going to burst!!!! + +Edit: Thank you all so much for the love and support. I ended up having a happy cry on the way to the laundromat! Words can never express just how happy, relieved, and loved I feel in this moment and this feeling will always be special to me!! Thank you all again!!! And I hope everyone has a great day!!! : ) +I'm a 30 year old man who owns 50% of a startup valued at $25-30m. + +Looking good has always been important to me, but truth be told I'm likely a pretty average or above average in that regard. I'm somehow fit and tall, my face is about average, but with no one feature that would stand out in a good or bad way. + +I'm willing to spend money (or time) on things that would improve my looks, from doing simple things all the way to plastic surgery, I'm all good with that. I've seen many women that were able to greatly improve their image, but for some reason don't see a clear way as a man to upgrade the way I look... hope I'm wrong. + +What are the key things a man could do to improve the looks, when nothing is holding him back? +Today is the day that I have planned to wire funds to escrow so we can close by Friday. I am thinking scammers must have intercepted the email of someone involved in the transaction, as they sent the fake wiring instructions on the same day I planned to send the wire. Here is the email I sent to my agent. Remember, always call to verify wiring instructions before sending money to escrow. In this case they called me first, but if they didn't I would probably be out 130k. + + \------------------------------------------------------------------------------------------------------- + +Hi (realtor), + +Just wanted to make you aware, this morning when I was on the phone with .... title to verify the wiring instructions, we realized that someone had sent fake wiring instructions that appeared to be from ... title to my email. I have been working with their IT team to identify the issue, but it appears that someone involved in our transaction has had their email compromised / hacked. What happened was this: + + \- Someone claiming to be me, sent an email from ... (not my email address but looks similar) and requested wiring instructions + +\- (title company) then sent the wiring instructions to the fake email, and once the scammers received the wiring instructions they modified the account numbers, and removed the verbiage about calling to verify the numbers + +\- they then sent the fake/ modified wiring instructions from another fake email account, ...@....com (an email looks similar my escrow contact) to my email, in the hopes that I would transfer the funds into the fraudulent account. + +\- Luckily, we realized the numbers were incorrect when they called me this morning. They sent the correct wiring instructions and I verified the numbers + +\- I will be making the wire transfer at noon today to the correct account + +I would recommend changing out any email passwords and possibly do a virus scan on your computer. I am going to do the same on my computer.  + +Best Regards,... + +\--------------------------------------------------------------------------------------------------------------------- +My wife and I recently started one and we put in a little from each paycheck. Whenever we do something fun, such as a small date night or a mini (for now) vacation, we don't feel guilty about spending the money anymore. It's honestly an amazing feeling and I recommend it to all. +My husband and I made it to the 1M mark a few months ago. We updated our net worth yesterday and we are already at 1.15 M. It seems really fast. How long did it take for you to get from 1M to 2M. Our income is around 200,000 a year but we only have 50 to 60,000 worth of expenses a year. +According to a compounding calculator I just tried, someone who starts with $0 at age 25 and adds 10k a year until age 60 to an investment account with a yearly average ROI of 5% will end up with just shy of a million at age 60. 5% is a fairly conservative estimated yearly return. + +But according to this net worth by age calculator, only 20% of people in their 60's in the US are millionaires in terms of net worth. https://dqydj.com/net-worth-by-age-calculator-united-states/ + +**I'm certainly not saying that everyone is in a position to add 10k per year to an investment account**, but I'd have thought that more than 20% of the population would be in a position to do that. **Plus this is a net worth calculator that counts home equity, meaning home value is included in the estimate for home owners** + +So what's going on here? Are more people living paycheck to paycheck than I realize? Are people just really not that good at saving much? + + +**EDIT:** here are some more conservative numbers. If you start at age 30 (rather than 25) and save 5k per year, with a fairly conservative estimate of 5% returns per year which arguably accounts for a few % of inflation each year, you'd have 350k by age 60 and 634k by age 70, which according to the calculator linked above is a lot closer to the median percentile (60-70 percentile in this case) + +**EDIT 2:** For any latecomers to this thread, some people have preferred numbers like investing 1k a year for 35 years at 10% return from age 30 to 65. This would put someone right at the 52 percentile and yield them around 300k by age 65 (or closer to 500k by age 70). So this seems to be about what the average person has pulled off. Others have brought up lots of practical reasons for why even this is an achievement +Fucking pumped just thinking about it. The squeeze is going to be days, if not weeks, of highs and lows. I don't think there will ever be anything like it again, enjoy every moment. It may be the most alive you feel for the rest of your life. It is definitely going to be surreal. + +At least we will have millions/billions of dollars to comfort ourselves with once it's over. Don't forget to help those in need if everything collapses afterwards. Be better than the greedy fucks the world has now. Enjoy your weekend apes! +The price stabilises... the volume drops... you know what that means: breakout incoming. + +[Bogged.Finance](https://bogged.finance/) is the home of Limit Orders, Stop Losses and the most popular charts for Binance Smart Chain. + +[Bogged.Finance](https://bogged.finance/) is clever, it doesn't try to start a new swap platform, but instead is leveraging the liquidity from pancakeswap & apeswap. Meaning that all pancakeswap & apeswap tokens are supported for Limit Buys/Sells, this also means you can actually place a limit buy and it will **actually** go through as soon as the token hits that price. + +Here's what BOG has launched now: + +✔️ The most popular charting platform on BSC. +✔️ The only platform with working Limit Orders and Stop Losses +✔️ A BSC Sniper for $BOG holders. +✔️ A Swap Platform that automatically routes your order through the Best DEX. + +Here's what's coming the next few days. + +**🚀 BOGChartsV3:** A huge update to BOGChartsv2 that will cement BOG as the leader on BSC. Massive unbeatable features that will make you switch from any other platform to BOG -- Guaranteed! +🚀 **Matic Bridge & Tools Launch:** Bringing everything from BOG on BSC to the newest chain, including a token bridge so your tokens are even more valuable. +🚀 **BOGPriceBot:** The best price bot for telegram on BSC +🚀 **Scheduled DCA buys / sells:** Allowing you to autobuy tokens over time. +🚀 **Sniper Updates** and more! + +Secret updates coming shortly: +🔥 Partnership with a top BSC news site. +🔥 Rug Checker +🔥 More secret updates to be revealed soon + +Marketing launching: +💥 $30k Influencer Marketing starting TOMORROW +💥 Huge Partnerships coming shortly +💥 BOGChartsV3 Launching with a huge marketing push in 2 weeks. +💥 $BOG IS BACK, BABY. 💥 + +Want more long term news? +💎 [Bogged.Finance](https://bogged.finance/) Pro Mode +💎 BOGScheduler Oracle for developers smart contracts +💎 More Chains & DEX Support +💎 BOGDex. + +**Important Links** + +🌐Website: [https://bogged.finance/](https://bogged.finance/) & [https://bogtools.io/](https://bogtools.io/) + +📱Telegram Group Chat: [https://t.me/bogtools](https://t.me/bogtools) + +🐦Twitter: [https://twitter.com/bogtools](https://twitter.com/bogtools) + +Buy on BOGSwap: [https://bogged.finance/swap](https://bogged.finance/swap) + +📄 Contract: 0x**b09**fe1613fe03e7361319d2a43edc17422f36**b09** +What mistakes have you made in your REI career? + +How would you have done it differently knowing what you know now and how far did it set you back? + +Edit: Thanks for the award! It’s actually my first ever :) +I found this gem of a blogpost( circa. 2011) from Prof TV Rao, who has made a detailed account on how his property was illegally registered and everything which happened subsequently. He has posted many updated in the comments section upto 2019. Its a long read, but nothing compared to the lengths to which the Prof has gone to get his property back. + +I would make this blog mandatory reading for anyone who is planning to invest in real estate. We always hear anecdotal stories of how so and so had a tough time dealing with the system . For the first time in years, I am finding a detailed post which goes into great depth on what all can go wrong with RE. + + [T.V. Rao Blogs: Corruption and Land Grabbing (tvraoblogs.blogspot.com)](http://tvraoblogs.blogspot.com/2011/08/corruption-and-land-grabbing.html) +My 19 year old son started talking to me about GME at the begining of March. I orginally loaned him $5K on the basis that we'd split the winnings and if we lost it all he was in the hole for the 5k....Slick parenting huh? + +But then i read everything, every bit of DD and counter DD, did lots of my own research, argued with myself, basically stopped doing any work for 2 weeks while i studied. (I havent really started working again either) + +Then once i was clear of doubt, i Yolo'd everything i had saved for the last 15 years into it. The thought of untold riches is great but the excitement, the ape solidarity, the memes, everything about these subs & movement makes the investment worthwhile for me. I'm part of something that will change the world for the better, OUR great reset on ape terms. The one real chance i get to stick it to the man. Yea i'm Jacked to the tits alright! + +BUT!!! There was doubt buried at the back of my mind that started to and would keep naggingaway at me, and i couldnt figure out what it was, its been driving me crazy for weeks. But finally i figured it out. And once i did i'm now totally at peace. And its really simple. And its something i've come to realise apes are conditoned to believe. + +NOTHING REALLY GREAT LIKE THIS EVER HAPPENS TO ME + +And thats it. Simple. Now i see it all doubt has gone. I suspect many people will be suffering from this conditioned behaviour. Hopefully this post will help you get past it like me. + +💎🙌🍦🐸🚀🚀🚀🍌🍌🍌 +* Anything connected to electric vehicles or clean energy has gone ballistic in the past few months. S&P Kensho Electric Fund has grown 5 fold and the most obvious tesla 8 fold becoming the 5th largest company in the US. +* Increase inflow of new investors: Active **investor** accounts rose by a record 10.4 million in **2020**, according to the data from the country's two main depositories. Retail ownership in more than 1,500 companies listed on the National Stock Exchange of India jumped to 9 percent in the third quarter of **2020**, the highest since March 2018. +* Stocks in fashionable areas such as electric cars and solar power have soared, something similar to adding .com in the end during the dot com bubble. +* Buffet Indicator: The Buffett Indicator is the ratio of total the United States stock market valuation to GDP. As of June 3, 2021, that is **currently 84% (or about 2.7 standard deviations) above the historical average, suggesting that the market is Strongly Overvalued**. These are historical, all-time highs. However, with interest rates at historic lows, there is reason to suspect that "this time is different" may hold true. +* “This order of asset price inflation in the context of the estimated 8 percent contraction in GDP in 2020-21 poses the risk of a bubble,” the RBI said. +* Earnings per share (EPS) for 90% of the S&P 500 companies increased by 46% year on year (YOY), rather than the expected 20%. 68% outperformed the consensus by one standard deviation. + +Contrary: + +* Learning from the 1929 crash, the government knows to never spike interest rates when the economy is on the rough. Quite the contrary, the Fed now actively lowers interest rates during recessions in order to promote business lending and growth! + +There can be few more points that prove it might not be a bubble on comparing it with the historical market crash. + +Should we start selling in anticipation of a crash? + +1. Stock prices are statistically proven to be **RANDOM.** +2. It’s **IMPOSSIBLE** to time the market (I am not smart enough to do so, I call it impossible). +3. Being optimistic OR pessimistic about the market hurt us equally. **Inaction is the best action.** +4. Stocks will always go up faster than the descent in the future, even history shows that. + +Open for thoughts. +I am fed up with Coindesk's propaganda/shills/lies articles... **But, I can choose not to read them** + +Fine. + +But now I am again dissapointed with you and the way you envision cryptospace: + +**I am not saying you should only accept crypto for payments of your tickets but that you don't even offer the option to pay in crypto es embarrassing for a conference of this size and an organizer of your size.** + + +If the minimum wage becomes $15 an hour for someone working in fast food with no higher education, what about some one who is already making $15/hr with a college degrees taking on an entry level job in their field that does require a degree or those who are making just above them like $17 or even $20? Wouldn’t they want their wages to be increased too to make it fair, which in turn would increase all of the rest of the wages through like a domino effect? +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Edit: Yes, I actually know why. What I don't know is what the employer thinks they are accomplishing, whether it works and, if it does, how are they getting away with it and whether they think that *we* don't know. + +In other jurisdictions in the world there are employment laws that prohibit an employer from telling you to keep your salary information secret. + +Do you discuss your salary information with people inside or outside your organisation? Why or why not? +I know Arthur Laffer wasn't really an economist, that "trickle down economics" is really "voodoo economics," and that the "Laffer curve" wasn't original to Arthur Laffer. + +Nevertheless, it seems reasonable to suppose that a government would get little or no revenue from a 0% or 100% taxation rate. There must be a sweet spot somewhere in between where tax revenue is optimal. Do economists know where the sweet spot lies? +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! + +Computershare is the only thing that matters at this stage. GameStop basically told us themselves, they posted a scoreboard on their 10q. This is the closest they can legally get to releasing a "DRS YOUR SHARES YOU DUMB CUNTS" press release. + +We’ve been here a year+ and we’ve found the answer. Now is not the time to experiment. What else is even worth posting? Overly technical and probably incorrect DD that winds its way around to telling you to buy options? + +We've had some great DD but at this stage I feel like it primarily serves as an excellent signal to SHF of what they should hype/disappoint us with next. We don't need to know anything else right now, save it for after MOASS. Make every god damn post a purple circle for all I care. Stop giving them ammo to fuck with us. + +Who gives a fuck if you’re bored, anything that increases the odds of people DRSing is something that needs to be prioritized - this shit is not a game. + +No one will see them if they’re in a separate thread or if we relegate them to the weekends (laughable), it defeats the purpose. We're going too slow with DRS as it is. They will buy up Reddit shares and start shutting down DRS posts, we don't have time for this shit. It's already happening. + +**Anything that isn’t Computershare/DRS is a distraction right now.** + +Edit: + +Offering arguments/rebuttals for what I'm seeing a lot instead of replying to everyone. + +&#x200B; + +* DRS posts drown out good DD. New people coming to the sub are more likely to join us if there is engaging DD/conversation, not just purple circles. + * I agree that DD is very important. It's what got us here and what will convince new people that aren't familiar with the situation to join our ranks. At the end of the day though, DRS is simply more important and we need to keep our priorities straight. If people want to find DD, we should move that to a different section of the sub, not the Computershare posts. Most of the DD at the top of the feed these days is either too technical or speculative to fact check and they rarely produce any actionable information. DRS posts spread awareness of the solution and they give very little for SHFs to manipulate us with. Even if they only increase the amount of direct registering by 1%, that's worth it and more important than any other information right now IMO. +* The sub is not as engaging with just purple circles. + * I agree with this but I would encourage everyone to ask themselves why they're here in the first place. Are you here to have fun? Are you here to goof around with your internet friends? Great, nothing wrong with that, but that's not why I'm here and I'm sure it's not why many others are here. I am here to get rich and take money from the assholes that are, quite literally IMO, ruining our society. This saga has real world implications that I don't think are fully appreciated sometimes. We have an opportunity to do something historic, to positively affect many, many, people. Engagement is important, but when you consider the fact that the only weapon they have is distraction, it becomes a double edged sword that we shouldn't take chances with at this juncture. Our focus should be singular. Locking the float is the only thing we can do to affect any real change, and we should devote as much of our time and energy as a sub to it as we can. +* DRS posts are just karma whores, I'm sick of seeing them. + * Idk what to tell you if the benefits of DRS exposure are outweighed by someone getting internet points in your mind. Who gives a single fuck about karma given the context of the situation? I'll happily exchange karma for DRS awareness. Maybe not a great rebuttal but I don't really understand this argument I guess. + + +ARB have announced a private placement with US institutional investors, see link below: + +[https://www.londonstockexchange.com/news-article/ARB/private-placement/14829631](https://www.londonstockexchange.com/news-article/ARB/private-placement/14829631) + +For those that have been under a rock and may have missed my earlier posts, ARB made record revenues and PROFITS from last year and is forecasted to do even better in Q1 and Q2 of 2021. The important part to see in the RNS is this: "The net proceeds of the Private Placement will be used by the Company for working capital and general corporate purposes, including the expansion of the Company's mining capacity in Q1 and Q2 of 2021". For some context, their Petahash was around 645, they recently increased this to 700 with new leased machines, and now with this breaking news, they will be increasing their Petahash to 1075 by end of February and 1685 Petahash by end of Q2. For anyone who may not understand this, all you need to know is that this expansion is big!! I expect a small dip (due to this private placement(, but then also expect a steady rise (due to mining capacity being increased) as the weeks/months continue. + +For people saying, "why do people always post tickers that have shot up 400% in the last week?", well here is a ticker that has actually down (17%) the last week. All-time highs were 135p and now it is trading around 95p. This was mainly due to people taking profits after getting in around 70p and I suspect this private placement. The stock has now consolidated forming nice support around 90p. This could be a good time to get in now as I have a feeling the price won't get any lower. + +Disclaimer: I own shares (not saying how much) at 6p and I've been averaging up (15p and 30p) as the fundamentals/share price improves. + +Just to finish, I am not advising anyone to buy this stock. You have to do your own research. Just wanted to share (in my opinion) a really good stock that I am long-on. +And how has that impacted your (obese?) FI journey + +Similar examples of mine are: + +1: Found laundry services that pick up, deliver, and even press and starch your undies (for surprisingly reasonable rates). + +fatFIRE relevance: Time savings + +2: Started using a personal stylist/shopper a few years ago. We have 2 sessions a year. Costs about $200 each time and we select a few attires to buy. I’m (proudly) from a blue-collar background and it helps me fit comfortably into client meetings where the dress code is less Carhatt-chic. + +fatFIRE relevance: Professional growth (and client expectations) + +Edit: Can’t change title, but something you discovered later in your financial life is **very** welcome. +My land lord is selling his home. He wants to retire. He told me he plans to put the home on the market in April but if I was interested to let him know and I'd get first dibs. I told him I was and he told me to talk to a realtor and see if they can get me in contact with a lender. + +So far I have no realtor but got a pre approval going on. I been pre approved for his range of asking $160k-$170k (pre-approved for 160). I also had the home inspected. Major issues were the dryer vent needs to be fixed, water heater will need replacing soon and I will need to get the septic serviced. Roof had some shingles missing and Hvac was replaced in 2018. + +Homes in my area ( South East Georgia) for the same Sq ft can go for $150k-$190k. I know the market is hot and others are telling me compared to what is listed its a pretty good deal. I'm comfortable with putting 10% down and so far have a 4.6% interest rate. I'm sure he knows the home will sell quick if he puts it on the market but he also will be shelling out money to do so instead of just selling it to me. + + +My inspector gave me his wifes info. I looked her up she been in real estate for 18 yrs. I'm thinking of giving her a call but not knowledgeable on what exactly realtors do besides show homes which I don't need to be shown one. + + +What are my next steps besides wait on my pre-approval application to send me more minor steps to complete? How do I negotiate to getting some credit for the repairs the home will need in the near future? Or should I just bite the bullet hire an realtor and pay a little extra. + + +Thank you for any help. +Firstly: this is my first attempt at doing any amount of digging into anything, but this is something I just learned today and felt was important to share. + +Way back in 1987, Alan Greenspan (chairman of the Fed at the time) had the worst stock market crash since the Great Depression on his hands. His solution? Repurchase agreements (indirect quantitative easing), lowering the federal funds rate,and having the Fed purchase a shit ton of treasury bonds (driving their prices up and padding the banks’ pockets). + +Dr. Wikipedia knows a whole lot more than me, so please take a read for yourself: + +https://en.wikipedia.org/wiki/Greenspan_put + +The importance of this, aside from making the problem (temporarily) go away, was that I set a precedent; sleazy financial institutions could count on drastic action by the Fed to fix their fuck ups. + + In addition, all the extra ammo that was printed, loaned, or otherwise created was used up to compound the problem. Don’t believe me? Here’s a pretty graph and a particularly juicy bit from the Wikipedia I linked above: + +https://imgur.com/a/AmsHSCA + + “The Fed also acted to avert further market declines associated with the savings and loan crisis, the Gulf War and the Mexican crisis. However, the collapse of Long Term Capital Management in 1998, which coincided with the 1997 Asian Financial Crisis, led to such a dramatic expansion of the Greenspan Put that it created the Dot-com bubble. After the collapse of the internet bubble, Greenspan amended the tools of the Greenspan Put to focus on buying mortgage-backed securities, as a method of more directly stimulating house price inflation, until that market collapsed in the Global Financial Crisis and Greenspan retired” + +Yes, you read that right, this dick gets to come out with a bullshit financial policy, watch it fail like 4 times, and then retire. Some time around the dot com bubble people should have realized that shit wasn’t working right (they probably did). + +I’ll be honest with you guys, I was in it for the money last year in January. The things I’ve learned since, though… I won’t settle for anything less than the dismantling of this disgusting corrupt network of book cookers and embezzlers + +**TL;DR:** + +This shit is worse than I originally thought. The financial fuckery and can kicking has been going on for 40+ years right under everyone’s noses. +Today my favorite stock went +$50 in a matter of hours, off of no news, and then descended back down -$42 in a matter of hours. I don't feel like you're protecting me as a retail investor, Mr. Gensler. Is this normal behavior in the stock market? I'm sure millions of retain investors would LOVE to hear how this type of action is possible. + + +edit:https://twitter.com/GaryGensler?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor + +Why don't we ask him, after all, didn't he say he wants to hear from us? Well boy Gary, we wanna talk, NOW. + +edit 2: Fun fact, go to Gary's Twitter and look at replies, not a lot of interacting with retail investors. In fact, I scrolled for a bit and didn't find ANY. Lot of hot air from what I'm gathering. + +edit 3: Wanted to plug, "The Daily Stonk", for those who don't know its back. Check out /u/Odd-Ad-900 for TDS posts daily :) + +edit 4: To those saying it doesn't matter and he wont do anything blah blah blah...… That's not the point. Do you realize we are only here now because we've been vocal and shared LOUD AND PROUD when fucked up stuff happens? Sure there's other things that are important happening right now, but we can't just let a dip like that go. Its fuckery. + +edit 5: DRS. DRS. DRS. DRS. DRS. DRS. Love you all. +We won't stop. We can't stop. This is GameStop. Stop playing the role that the shills want you to play. + +Stop saying we are losing motivation. None of us are. If anything, we keep gaining motivation every day that the MOASS doesn't happen. It gives us times to get our ape paychecks and buy more stocks. + +The MOASS can happen today, next week or even in a few months. Who knows. But what I do know is that it will happen. It's only a matter of time. + + + + +EDIT #1 + +As I said, NOBODY lost motivation. Read the comments to see clearly. The shills are the ones trying to say differently. + +Non of this is financial advice. I sniff red crayons. + + + +EDIT #2 + +Look at all the reinforcement from the apes here!! It doesn't stop! +We won't stop. We can't stop. This is GameStop. Stop playing the role that the shills want you to play. + +Stop saying we are losing motivation. None of us are. If anything, we keep gaining motivation every day that the MOASS doesn't happen. It gives us times to get our ape paychecks and buy more stocks. + +The MOASS can happen today, next week or even in a few months. Who knows. But what I do know is that it will happen. It's only a matter of time. + + + + +EDIT #1 + +As I said, NOBODY lost motivation. Read the comments to see clearly. The shills are the ones trying to say differently. + +Non of this is financial advice. I sniff red crayons. + + + +EDIT #2 + +Look at all the reinforcement from the apes here!! It doesn't stop! +You know who puts out shitty statements like that? Corporate types. You know who is trying to get these subs broken up and divide the communities? Corporate types. + +Nothing else matters to me but that one statement. The fact that they go out and lie to people who have the ability to immediately (within 24 hours) verify or falsify such statements says it all. + +I don't care about who said what and any potential reasons behind the removal of either of them become completely meaningless by trying to "get ahead of the story" and spinning a narrative. + +You know who does that as well? Main stream media, politicians and corporate types. These folks are so set in their fucking ways, they honestly believe that these communities simply believe the first thing they read and ignore any and all retractions, edits, corrections or statements coming after. Like we are some sort of audience for main stream media garbage to be hoodwinked with clickbait. + +Yeah, sure, we'll cheer good news but if the good news get disproven, the good news gets discarded for any further consideration. + +Same for bad news. If bad news is proven, it's incorporated into our outlook, sentiment and stance. + +**EDIT1** + +I got a reply to asking about this issue from one of the remaining mods and while I am sure precious few will come back to this thread and read the edit, I'd like to stick to my guns here and point out the following: + +There might have been a case of peer pressure leading to both mods stepping down "voluntarily". I still do not appreciate the initial message and maintain it was a lie, albeit mostly by omission - leaving out that yes they stepped down, but it was due to immense pressure, rather than their actual wanting to. + +But given that they cleaned house (or people stepped back) **and** I got an actual reply to a message puts things right for me for now. + +**/EDIT1** + +**EDIT2** + +A new statement released by the founder of /r/GME supports the assumption that the original mods were indeed pressured into leaving by rogue mods on the team as you can read up on here: https://www.reddit.com/r/GME/comments/mnuvlz/bearbipolars_statement/ + +This is some actual transparency and I am glad that we got it. + +**/EDIT2** + +I just like the stock and I really, truly hate people and companies you think they can lie and just get away with it forever. Not here, not with these communities. Not with everyone. + +HFs are fucked. The DD is right. + +Buy the dips and hold. +Fee free to include reasons why such as salary, work environment, sense of fulfilment etc. + +A lot of people on this sub seem discontent with their current careers so would be great to see who is actually enjoying theirs! +NotSafeMoon is an anti-shitcoin. It's a shit-seeking destroyer with a powerful use-case. It's safe, NotSafemoon. + +NotSafeMoon is developed by Ryan Dunn who has revealed his personal information and renounced ownership shortly before the initial presale. He created the token after noticing flaws in Moon coin code forks that enables contributions from the liquidity pool for other moon coins (from taxes on transactions) to be skimmed into developer wallets... And after performing an audit on several popular coins, noticed this was occurring several times a day at a rate of over $750,000. + +NotSafeMoon has a moon-coin analytics dashboard that connects directly to your wallet and monitors all your coins in one spot providing analytics built on top of the features of the already running twitter price prediction bot. + +The bot is able to look into liquidity pool balances, and produce a warning of an incoming dump and token devaluation minutes before it occurs! The idea is similar to bogged where the more tokens you hold, the more features you'll unlock in the dashboard. + +Currently at 3.2M market cap and growing - Liquidity Locked 20 Years - Ownership Renounced + +8% Tax on all Transactions 2% Directly to Burn Wallet 6% Distributed to All Holders + +Check out the AMA [here](https://www.youtube.com/channel/UCrBZjNyERNWPYtZGm6sXJTA) that should answer most questions + +Check out the amazing Twitter bot [here](https://twitter.com/NotSafeMoon) to see the utility of this project in action! + +[Buy on Pancakeswap](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x337e35Ed5B38D5C7Ec9F8d7cF78fe7F43d7DEC6F) 8-9% Slippage + +[Whitepaper](https://notsafemoon.com/public/docs/whitepaper/whitepaper.html) which is definitely worth a read + +[Contract address](https://bscscan.com/address/0x337e35Ed5B38D5C7Ec9F8d7cF78fe7F43d7DEC6F): 0x337e35Ed5B38D5C7Ec9F8d7cF78fe7F43d7DEC6F + +[Website](https://notsafemoon.com/): [https://notsafemoon.com/](https://notsafemoon.com/) + +[Dashboard Beta](https://notsafemoon.com/public/dashboard/dashboard.html) so you can see it in action for yourself before first major release. View reflection gains, liquidity pool reserve balances, fee and reward exclusion data, "moon" dev token and LP token balances, estimated time until a tokens liquidity dump.... too much to list + +[Telegram](https://t.me/NotSafeMoonOfficial): NotSafeMoonOfficial (800 members) +Just a random question. I think quantitative trading and statistical finance is cool but there’s no way in hell I’d want to be at a trading desk at a firm. I’d be fine working as a data scientist elsewhere and just doing this for fun on the side. Any of you guys do algo trading as a hobby? +I was doing some casual Zillow browsing today for multifamily properties (it's my form of entertainment). Today's market of interest was Salt Lake City. + +Literally every single multifamily property was priced at points rents that did not even cover the PITI -- who the hell are buying these places? + +First one I click on: [https://www.zillow.com/homedetails/149-S-Jeremy-St-Salt-Lake-City-UT-84104/12735982\_zpid/](https://www.zillow.com/homedetails/149-S-Jeremy-St-Salt-Lake-City-UT-84104/12735982_zpid/) +Price - 520k +Total Rental Income - 2.1k + +&#x200B; + +Second one I click on: [https://www.zillow.com/homedetails/149-S-Jeremy-St-Salt-Lake-City-UT-84104/12735982\_zpid/](https://www.zillow.com/homedetails/149-S-Jeremy-St-Salt-Lake-City-UT-84104/12735982_zpid/) +Price - 400k +Total Rental Income - 1.8k + +&#x200B; + +How do you afford to lose money every month and then have to worry about vacancy, repairs, property management, etc. I understand more-so for SFH since at lease it has inherent value. +Long time lurkers first time poster. I've had goals of FIRE for some time now but no idea how to get there. I was recommended this subreddit some time ago and have really learned a lot from you all posting. + +Weather it's the discussions about a certain topic or the flat out introduction to investing 101 all of you have provided great insight into this world for me. + +Because of your advice I've done the following, cut my daily expenses maxed my savings, boosted my credit score. I now have a nice HELOC loan that will be more than enough to cover my bases for real estate investing. I'm looking at deals every day and talking with other people in this world. +You might wonder why Coin Bureau doesn't play adds on their channel. + +How incredibly egalitarian of them, right? + +Wrong. + +Coin Bureau is owned by a company called V3 Digital based out of London. Guess what V3 Digital is? Yep, a marketing firm that tries to maximize traffic for their clients. + +From their website: + +" Your digital marketing strategy is incomplete without content marketing, which is why getting it right is always imperative. Our marketing experts are capable of tailoring content so that it engages your target audience at every stage of their journey. " + +" Growing your followers on social networks will help you increase word of mouth and referrals. We provide social media marketing services that enable you to reach relevant people, increase your following, make connections and drive organic traffic to your website with high success." + +&#x200B; + +Basically, the Coin Bureau channel is designed and curated to manipulate and influence your opinions on crypto for either clients of V3 digital or V3 digital itself. Essentially Coin Bureau is paid to shill the highest bidder. They want you buying their shitty hoodies and t-shirts while they cram misinformation and their agenda down your throat. + +&#x200B; + +**TL;DR: Do not trust coin bureau. Guy is a paid actor who has zero technical knowledge. Coin Bureau is owned BY V3 digital, a marketing firm out of London that shills for the highest bidder. It is an untrustworthy source of information. Know you're being manipulated. Their "mistakes" are not mistakes at all. Rather highly focused and targeted marketing with the intent to manipulate your crypto decisions.** + +edit0: +link to v3 digital: https://v3.digital/ + +link to Coin Burea ToS: https://www.coinbureau.com/terms-of-service/ + +"Coin Bureau is a brand of V3 Digital" + +edit1: from /u/CrazyAsparagus below in comments + +Guy is not the founder or creator of coinbureau. Nic Puckrin, a former investment banker from Goldman Sach's is. + +Proof: + +> "Nic Puckrin is founder of UK-based cryptocurrency news and education site Coin Bureau. He previously worked in investment banking at Goldman Sachs in London." +https://venturebeat.com/2018/07/22/coinbases-big-week/ + +> "Nic is the founder of Coin Bureau and is an Ex-Goldman Sachs Banker." +https://unhashed.com/author/nic-puckrin/ + +Guy majored in English and is literally an actor who even acted in other roles and not someone with previous investment or technical experience. Read: https://www.coinbureau.com/who-is-guy/. At least they are honest about him being an actor. + +**None of this is inherently bad.** What's bad is you have No. Idea. How. They. Make. Money. + +Remember: if you aren't paying for it, YOU ARE THE PRODUCT. +🦔💨Based and Sonic-Pilled: GETTING RICH HAS NEVER BEEN EASIER 👍 💰 😭 + +Wanna go fast? 🏃‍♂️ Make way for the new shitcoin on the block: Harrypotterobamasonic10inu (Ticker:BITCOIN) You’re essentially guaranteed to make it with this low marketcap GEM 💎 💎 💎 With our marketing campaign kicking into full swing, this madlad of coin is about to make a splash 💦 in the deFi community! Be sure to check out our twitter and discord for regular updates. + +💻 PHASE 2 SOON: MARKETING, TWITTER, YOUTUBE, COINGECKO, CMC... MORE. + +AUTO DISTRIBUTION 5% - Every transaction auto-distributes 5% to the community, giving back to all the WIZARDS & WITCHES. + +AUTO LIQUIDITY - 5% of every transaction is transformed into liquidity providing greater financial capacity. + +ANTI-WHALE ANTI-BOT - Your $BITCOINS will be protected with our anti-cheat technology. + +Current Market cap 5 M + +—————————————— + +⚙️ TOKENOMICS + +💵10% Tax on every transaction + +🔥 60% BURNED + +🔒 Liquidity LOCKED + +✔ WHITEPAPER + +⛔ NO Dev Wallet + +🧑‍🤝‍🧑 100% Community Driven! + +👕 COOL MERCH + +😂 MEMES + +—————————————— + +Telegram - t.me /HarryPotterObamaSonic10Inu + +Contract: 0x4c769928971548eb71a3392eaf66bedc8bef4b80 + +🟢 Website: harrypotterobamasonic10inu.net + +🟢 thepeoplesbitcoin.net + +🟢 CHART 📈 poocoin.app/tokens/0x4c769928971548eb71a3392eaf66bedc8bef4b80 + +DISCORD: discord.gg/ZvGkNV3p + +“Yer a shitcoin Harry.” +Lots of posts on here about best fat splurges / toys ... generally these are very male focussed. + +(Inspired by mothers day coming up) I'm wondering what are the best things you've bought for yourselves (or for your other half) that are more female focussed. +TL;DR is really just the title. + +&#x200B; + +After the report has finally come out, I believe that the delay has \*not\* been due to Gensler and his team being slow. I think that Citadel & Co attempted to stop, delay and change the report as much as possible, very probably by bombarding the SEC with litigation and legal threats. As a result, the report's verbiage is extraordinarily cautious, it avoids clear statements and in particular, it avoids name calling (and rather states that "one firm" guaranteed for RH, etc.). The SEC has a bunch of highly qualified legal experts themselves who certainly vetted every damn word of this report – we should keep that in mind. + +&#x200B; + +And considering that background, I'm now more than ever convinced that the "GG does nothing" is cheap FUD. I for one am really excited at how "explicit" and confrontative the report still ended up being, in spite of every last comma probably having been fought over for weeks. +In the past year my expenditures have massively increased, so I tightened my finances and I am budgeting a lot more better. One thing is that I have set myself a £500 monthly allowance for food, going out and anything I would spend on myself, and I am regularly spending more than that a month recently. I am checking my finances and I am not wasting money, and while there can be extra cost it is usually like £10-20 extra here and there, just general life stuff. I am in this weird state where I feel I cannot control my spending, even though I have mathematical proof that I am doing it. + +So my question is how do you accept this, how do you work your way through? Is this economic situation going to last for 1 year+? I think my other issue is that a year ago my job was a great one, I had enough money to live well and have £2-300 after every month and now that shrank to £100, which is not a lot. I love my job, I do not want to change it, but I am just lost here, I do not know what to do. + +Sorry if this is more of a rant with a wee question at the end, I am just really frustrated that how fast life changed in the past year financially, out of my control. +After months of trying to find a place to live and just 8 days shy of being evicted we finally found a 1 bedroom apartment! It's not the 2 bedroom we were shooting for but it's pretty big so I'm going to convert the living room into the kids bedroom for when they're here and I have a cool fort idea I think they'll love. +To top it all off, after months of pure stress and hell and working 60+ hours a week, I just got a job offer for the first stepping stone in my dream career! +Life is finally starting to look up for me! +The federal reserve has increased interest rates by 75 basis points, the biggest move since 1994. The dollar has gained, and stocks have pared some gains as of posting, although still remaining positive for the day. + +In the new statement, the Fed has removed the statement that household spending and business spending has remained strong, as well as its forecast that inflation will return to the 2% target while maintaining a strong labor market. + +Officials also significantly cut their outlook for 2022 economic growth, now anticipating just a 1.7% gain in GDP, down from 2.8% from March. +My dear friend is stressed. + +He recently finished building a home and decided to sell it on completion (to move in with his new gf). He sold the new house at auction. Unconditional. Deposit was paid. + +Ever since the contract was signed that weekend, the buyers have clearly got cold feet. Mentioning that they paid too much. And I think they are spooked by interest rate news. + +Basically, they are combing over the property trying to find a reason to cancel the contract. + +At the moment they are claiming the rainwater tank is too close to the fence line in breach of council rules. + +And as such they are claiming grounds for cancelling. + +Does anyone know if this is legitimate grounds for cancellation. + +I thought buying at auction means it is unconditional? + +My friend was happy to move the tank but the conveyancer has insisted not to touch the property now without amendment because the contract is signed and final. + +I don’t think the buyer wants it fixed. They just want to get out. +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) +My sons cell phone started dying. The charging port got to the point where it only worked sometimes. Further, that phone was 3 generations old. Almost to the point where we wouldn’t have gotten much for trading it in. As a result we had to rush in to get it replaced before it got to the point where I would have had to basically pay full price for another phone, which is not an option for my finances. As it was, I had to dip into my emergency fund for this. He needs a phone. He takes public transportation to school and pay phones are a thing of the past. + +Good thing is that we got an excellent deal. T-Mobile bought out our carrier, Sprint. As they’re trying to migrate Sprint customers to their plans, they were giving out free iPhones to sprint customers who made the switch if they had qualifying trade ins. My sons phone just made it. His was the oldest generation they’d take for a trade in for this deal. However, as we had to make the switch now to get it for him, I also had to trade in my phone. I could have held on to it, but the deal would have been gone and eventually my phone would also need to be replaced down the road. We were responsible for the taxes on both phones, so, $150 blown. + +Then came cases for both phones. I would rather get good cases then pay each month for cell insurance. Good cases have always worked fine and they’re cheaper then insurance long term. My son is a teen boy who plays basketball with his cell in his back pocket, but as his case it always built like a tank his phones are always pristine by the time we trade them in. We usually do knock off Otter Box cases from Amazon for him. But As I didn’t trust him enough to make it two days for Prime delivery, we bought cases in the mall. $65 for his alone. So, now I blew over $200 in a single day. + +Add in another $10 for public transportation to and from the mall for both of us, and then another $30 to eat at the mall as transferring data in the store took longer then expected. Now I’ve blown nearly $300 in a day. + +Finally, as icing on the cake, my ex called to complain my daughter had nothing that fit her for the summer. She had a growth spurt recently. I had to do some summer clothes shopping for her. He’s paying half, but can’t for a couple of weeks. Another $170 blown. Thankfully next winters cloths were already purchased. I bought those a couple sizes too large at the end of winter via clearance sales. I was hoping she’d make it through the summer with last years and then I could buy the following years summer stuff via clearance this year at the end of summer but it was a no go. Still managed to hit some Memorial Day sales at least so there’s that. + +So, $400, nearly $500 in a weekend. I need to find better ways to do all this. I had the money, and I’ll be able to pay rent today no problem, with money to spare, but still, this weekend wiped out everything I saved this month. I’m sure next month something will happen too. It always does, and it winds up feeling like no progress is made. I always wind up with the money somehow, and I’m never in debt, but I’m stuck. +Melvin Capital previously showed a 6,000,000 put position on GameStop. On the 13F filing they released today, this position is nowhere to be found. + +**Does that mean Melvin covered!?** + +#NO. + +All this means is that they requested confidential treatment on all their put positions **AGAIN**. + +You can see they did this with their previous filing, Melvin chose to redact [large put positions](https://www.sec.gov/Archives/edgar/data/1628110/000090571821000618/xslForm13F_X01/infotable.xml) from their previous 13F filing by requesting confidential treatment on them. + +Well the SEC denied their confidential treatment request, and they were forced to amend their 13F filing with these put positions NEARLY 2 MONTHS AFTER THE ORIGINAL FILING. All they did was kick the can down the road, and the SEC works about as fast as the DMV so it took them 2 months to deny their request. + +Now Melvin has done the exact same thing with this filing, they have simply redacted all their put positions from this 13F filing, requested confidential treatment from the SEC on all these positions, and will wait another 2 months before they finally have to amend them again. + + +From their previous filing, read the blue print: + +https://www.sec.gov/Archives/edgar/data/1628110/000090571821000618/xslForm13F_X01/primary_doc.xml + +> "THIS FILING LISTS SECURITIES HOLDINGS REPORTED ON THE FORM 13F FILED ON FEBRUARY 16, 2021, PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND FOR WHICH CERTAIN HOLDINGS WERE VOLUNTARILY WITHDRAWN FROM THE CONFIDENTIAL TREATMENT REQUEST." + +edit: **A lot of folks are saying put positions don't really matter. This is mostly true, however, on the flip-side there are a lot of apes who think Melvin may have closed their positions because of this - and the point of this post is to prove they didn't. Their puts very well could have expired, BUT it's certainly not a coincidence that ALL of their put positions mysteriously disappeared at the same time. I'm 90% certain they filed for confidential treatment again.** + + +TL;DR + +MELVIN DID NOT COVER THEIR SHORTS. THEY ARE HIDING THEIR PUTS FROM THE PUBLIC. + +BUY. HODL. VOTE. +I bought a brand new house by myself using a VA loan back in September 2020 with a 2.5% fixed. I asked my gf to move in with me the following March 2021. My housing payment is $1300 including the mortgage, escrow, & HOA. I charge her $600 in rent and we split all utilities halfway evenly (water, electric, internet). I haven’t had to do any major maintenance since it’s a new house besides changing out HVAC air filters every few months. + +We plan to get married eventually and she has even said we can do a pre-nup. She’s a very understanding and mature woman. + +My question is should I factor in her rent contribution when I decide to sell my house and we go to buy a house together in the future? I mean as in proportionally give her a share of whatever profit I make off the house sale. Would this be fair since she contributes to me paying my house? + +Edit: After reading everything I’ve decided against it. Just wanted to get input and see if doing it made sense and gave my gf a fair share. What’s mine is mine and what’s hers is hers. She’s be paying rent whether she lived with me or not and I’d be paying my mortgage with or without her. Thanks for the inputs everybody! +The latest addition to the Shiba family has arrived. Baby Shiba Inu, is so cute, he makes your heart melt and want to take him home. Just launched into the bsc realm 1 day ago and is mooning since then. Dev and other team members have been in the voice chat all day long doing regular AMAs and listening to the community's suggestions. + +Poocoin ads and trustwallet logo are already live. A few influencer shills have taken place so far and a lot more is in the works. The team just got positive news in regards to fast-tracking the CG submission, which will be followed by CMC very soon. This token has achieved things that would normally take weeks in just 24 hours and doesn't seem to be slowing down! + +The branding is done really well and has enormous potential, merchandise looks dope as well, all profits of which will directly go to the Shiba Rescue Charity organization. + +There is a 11% tax per transaction: 6% of which will be added to the liquidity pool, 2% will be redistributed to all holders (including the burn address, increasing the value of the token over time) and the remaining 3% will go to the giveaway wallet which will be used to reward holders! + +There are anti-whale features in place, including a 10 trillion (1%) maximum transaction cap and 30 trillion (3%) maximum wallet cap. + +Liquidity is locked and ownership renounced. + +📱https://t.me/babyshibatoken + +🌎 https://babyshibatoken.com + +📄 0xaecf6d1aff214fef70042740054f0f6d0caa98ab +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! + +# [The Big Short’s Michael Burry Explains Why Index Funds Are Like Subprime CDOs](https://www.bloomberg.com/news/articles/2019-09-04/michael-burry-explains-why-index-funds-are-like-subprime-cdos) + +Every so often someone would post here some article or column about how the fact that "everyone is moving into index investing and how that would kill the market", as there would be no untapped value stocks and no opportunity for growth . There would be long discussions why this was or was not the case that would drag for days. Do you guys remember that? + +I think this whole Wall Streets Bets and Gamespot brouhaha kinda of settled this discussion, at least for the time being. It seems that the market is nowhere near being "overtaken" by Index Funds and passive investors, quite the contrary in fact. What do you guys think? +I feel like Reddit might have changed their algorithm. Superstonk and other GME subs are 50% of my reddit screen time and they used to be 25%-50% of my feed. Today I went through over 100 posts before seeing my first Superstonk post. WTF? + +They just added that shitty "suggested posts" feature so I know they just completed a major update. Now it's obvious I'm seeing less GME. Watdoin? + +Did someone pay Reddit to hide Superstonk? I'm going to believe this is what happened. Never going to sell!!! + +BUY, HODL, DRS, 💎🦍🖐🚀🚀🚀 +Nothing more, nothing less. + +I've watched, re-watched parts and had a think. + +It was fun, it was light hearted, it was Ryan reaching out in the most direct way and giving us the head nod. + +&#x200B; + +We don't expect ground breaking stuff, it would be destructive to everything he built. Its a chess game remember - its about positioning & patience. + +Great interview, gives context to questions and theories without revealing anything major. + +He was clearly tactful with his responses and the questioning and answers were all backwards looking. + +&#x200B; + +Enjoy the man the myth and the legend, saying he dislikes shorts and loves our dark humor while confirming the work we put in here is service to the company. + +&#x200B; + +Tits jacked, DRS ya shit & HODL to the moon with me while we shit post memes against behemoth institutions. + +Oh, and ken lied under oath + DTCC committed securities fraud. + +&#x200B; + +Peace. + +&#x200B; + +&#x200B; + +Edit: Cough... holy shit this kind a blew up, love all you banana stuffers. +REMOVE ALL GODDAMN STOP LOSSES + +YOU NEW APES ESPECIALLY, REMOVE THAT SHIT + +CRYPTOBROS DONT EVEN THINK ABOUT IT + +OLD APES YOU ALREADY KNOW + +REMOVE ALL GODD DAMN STOP LOSSES WE DONT NEED THAT WHERE WE'RE GOING BECAUSE THERE WILL BE NO LOSSES WITH GME, ONLY GAINS + +SO TAKE THAT STOP LOSS SHIT AND SHOVE IT THE SSME PLACE THAT UNFORTUNATE BANANA GOT SHOVED + +*REMOVE YOUR STOP LOSSES* + +Edit 1: DONT GODDAMN DAY TRADE EITHER YOU MUPPET. YOU TAKE YOUR SHARES SIT IN THE BACK CORNER AND LEAVE THEM THERE AS YOU SHOVE CRAYON AFTER CRAYON UP YOUR NOSE UNTIL YOU PEE AND POOP RAINBOWS YOU SMOOTH BRAINED GLUE SNIFFING ASS FOOL + +Edit 2: Not financial advice + +Edit 3: thank you all for the awards and all round positive comments! Love this community and everyone in it!! + +Edit 4: adding this piece because it seems there's a LOT of new apes (welcome) or just some apes who aren't familiar (it's okay I'm smooth as hell - 100% sure my mum dropped me as a kid a few too many times) that aren't aware of what a stop loss is or how it happens - basically it's a limit sell order that YOU PUT IN at a price that is auto executed IF the price of the share drops to that amount to "prevent further losses". Hedgies can see our stop loss amounts on their end so if it lines up they can hit all those stop losses by shorting the stock to that price and send the price crashing...SO IF YOU RETARDED SHIT NUGGETS HAVE NEVER EVEN LOOKED OR STROKED THAT SELL BUTTON BEFORE YOU'RE SAFE +The newly created **Roundhill MEME ETF** was recently addd to the NYSE Threshold Securities list just **nine days** after it launched. + +This gives us a very unique once-in-a-lifetime chance to look at how Short Volume actually reflects short sales and naked shorts. + +**TLDR:** Naked Shorts in an ETF that contains GME. + +Below is the daily listing of Short and Long volume for the ETF. Check it out! + +&#x200B; + +[All ten days of this ETF trading ... in Dark Pools](https://preview.redd.it/ohyqoka450781.jpg?width=1802&format=pjpg&auto=webp&s=1031883ba9fea9f230b4d0e502236115bb39486a) + +It launched on Dec 8th and on its first day had a whopping **91% short volume**. 71,043 shares were sold short that day, and with a mere 6,452 shares sold as long transactions. + +THEY SHORTED THE SNOT OUT OF IT ON DAY ONE. + +Two days later (T+2) the ETF had its first FTDs and these were in excess of 1,000 which is the limit for the ETF which only has a mere 200,000 shares at launch. + +Dec 13th, the ETF is day 1 of being above the Threshold Security limit. + +Dec 17th, the ETF is day 5 of being above the Threshold Security limit and is added to the official list. + +Note the daily % Short Volume numbers. Above 50% every day except one and looking at the most recent data for the 20th and 21st, there is a net increase in shares short so it doesn’t appear they are clearing their FTD's yet. + +The next piece of the puzzle to complete our view and understanding of the relationship between Short Volume, FTD’s and the accumulation of naked shorts, will be the release of the official FTD list, which is published only twice a month. We will be able to see if the numbers of actual FTD’s match up with what we have calculated as **Min. Calculated Shares Short.** (i.e. Short Vol minus Long Vol) + +With no prior history, there is no case for a 'bank' of shares that could have been used. + +There have been lots of people out there who rolled their eyes and brushed off the idea that Short Volume means anything. In fact they often cite the case that high Short Volume is in fact *bullish*! + +That is not correct, because it doesn’t account for the balancing trade in that initial short transaction. Short vol *up to* 50% could, *could*, represent long interest. Short *can* also be entirely naked short volume. Those short sales need a long to get the MM's back to net neutral. + +This ETF is a perfect little snapshot debunking that misconception, because we have the entire history of this ETF right here with a little bow on top. + +**Quick Example of Short Volumes** + +**Day 1**, 5 apes buy shares from a broker and the broker doesn’t have the shares. It’s a new ETF. The broker naked shorts five shares, gives each ape a share and the apes go away happy. Five transactions for the day, all short, that’s 100% Short Volume on day 1. Yes, it was all long volume, bc the apes were buying. But that isn’t where this ends. The broker themselves have a deficit of 5 shares they need to deliver to those apes. + +**Day 2**, the Broker puts in an order for 5 shares in the open market, at one penny less per share than they bought them. A long transaction. Five apes sell them 5 shares. The Broker makes a penny profit on each share. The total Short Volume for the day is zero, it’s all Long Volume, and the Broker delivers the shares they owed to the apes. All good. + +If you look at only Day 1, you would think 100% Short Volume could actually represent long bullish interest by these apes, but you cannot look at it in isolation. If you look at both days together, you’ve got 5 short volume and 5 long volume, 50% Short Volume total for the two days. That’s the limit, 50%, that entirely Long transactions can be represented as. + +If on Day 2, we had only **4** apes sell shares to the Broker, then they still owe one share which they will fail to deliver to one of the apes who they shorted it to in the first place. Five short transactions, four long transactions, Short Volume is now *above 50%*, at **55%**, one ape has an IOU and the MM has one FTD. + +Looking at the MEME ETF, we see some apes are not gonna get their shares for Christmas. Nothing but IOU's in their stockings. + +**Wut mean?** + +Short Volumes over 50% for long periods of time indicate an accumulation of naked short selling. + +For the MEME ETF, oh yeah, high average Short Volumes certainly did represent naked shorts. + +Even the SEC themselves acknowledged **protracted** short volumes in excess of 50% “*contradicts the expected natural result of a properly functioning marketplace*.” + +**Ok, so … where are all the short shares from the Short Volume imbalance?** + +They are piling up in the Obligation Warehouse, *en masse*. We’ll look more in the OW soon, as best we can bc we are literally NOT allowed to know what’s in there. Can say this, it does *appear* that the path to get shares into it is through a Dark Pool. I suspect that DRS, especially shares bought through the NYSE or IEX, (not sure about transfers yet) are a huge problem for hedges bc they can’t internalize them or make them disappear forever in the OW. + +I can’t wait to see the next FTD report on our newest little meme ETF. We're gonna see just how bad it really is. :) + +Buy. Hold. DRS. Now, more than ever. + +**Sources** + +[https://chartexchange.com/symbol/nyse-meme/stats/](https://chartexchange.com/symbol/nyse-meme/stats/)(Search MEME and Stats tab) + +If you want to dig deeper into the official SEC investigation on Short Volume on XRT: [SEC REPORT](https://www.sec.gov/comments/s7-16-15/s71615-60.pdf) +Hi, so my parents want to add me to their mortgage.I myself is looking to get a mortgage in 4 years time. What are the implications. Their concern is that should something happen to them I would loose the house. + +Edit: I live with my parents but they are just concerned about the bank taking the house and living me homeless. I suggested we see a financial adviser because am not sure what the implications are for me. +Hi, I recently found out somebody applied for a loan in my name and also got access to my account to transfer said money out of my bank account. The loan was £19k and my overdraft was £5k and that's empty too, so now I have less than no money and a loan in my name which isn't mine, they also applied for a second loan in my name which was rejected. The account is a British account with a sort code and account and I passed these details on to Action Fraud. Somehow Natwest didn't think this was unusual account activity. + + +I have rang up Natwest today and reported the loan fraud and cancelled my debit and credit card and also filed a report on Action Fraud. +The transactions happened over the course of last week, and there are sort codes and account numbers associated with each transaction. +I can't buy CIFSA(?) protection for now because I literally have no money but that's my next step. + + +The main things I want to know are: + +* Am I liable for any of the loan payment? + +* Will get any of my money back at all? + +* Is there anything else I can do in the meantime while I wait for my new cards to arrive? + +* Has anybody on here been victim of anything similar so I have an idea of time frames or the general experience + + +Thanks. +My wife and I make about $200k combined and have $140k available (proceeds from selling our last house) for a down payment without dipping into any other savings. We have no outstanding debt of any kind. + +By our math we can afford a house up to about $650k and even $700k if it's PERFECT (no renovations or major work of any kind in the first 5-10 years). + +We're looking for outside people to confirm to us we're not crazy. Obviously the lender has said, sure you can afford more than that even! But we take that with a big grain of salt. + +Thoughts? Are we right on the rough numbers here? +Not sure how many of you are already aware of this, but I was booking flights the other day for 4x adults on one of our favourite budget airlines (rhymes with LionHair). +Anyway on the choice for ticket you can add a certain level of "extras" I'm going to say - priority boarding, luggage allowance and all of the sorts of things. + +I figured I'd try two ways of booking. One with them added on at the point where you choose the flight, and one where you say no extras and add them on at the checkout and well yeah... Turns out adding them on at the checkout was actually ~£90 cheaper. Links to an Imgur album of two photos I took are [here](http://imgur.com/a/RKQOw8H). + +Like I say, not sure how many of you know it but you can see flight numbers are the same, times are too. Hope this saves at least someone some money. +I'm curious if anyone in this community is considering a geographic move due to covid-19. + +I live in the Bay Area, and a main reason is because of the amenities the city has to offer. But I'm worried the food, bar, and entertainment scene I love will take years to recover. Coupled with work from home options, staying in the Bay is making a little less sense. + +Some ideas that cross my mind: + +* Buy in a top public school district. We have little kids + +* Move somewhere with more space + +* Relocate to a beach or mountain town and live full time in my own private dream vacation + +* Don't move. Career opportunities will still be most prevalent in cities like SF. (This is the most likely, but I'm curious to push my thinking) + +Anyone else having similar thoughts? +It's been falling since it started trading in 2020. I already invested a bit when it was 5 dollars before AEP thinking it would go up. Its 0.67 now, went up 10% today. Prolly cause today is the last day to sign up for this for awhile. +Because of system errors they lost a ton of sales during the AEP and did not make nearly as much as they predicted. Health insurance side and Medicare had issues with software. +Then wouldn’t it make sense that they didn’t roll out by the 9th like they have in the past? And with this Monday being the third week of September the same week that Lehman brothers collapsed due to the credit default swaps everything would line up perfectly for a moass event this coming week. Plus next week is quad witching and ridiculous open interest on spy puts. +Here's a little more info about my situation for more context: + +I'm 35 and I currently have a TFSA with Desjardins of about 45 000 that don't earn me any interests. For the last few years, I've been saving this money because I was always on the edge of buying a house, but giving the recent explosion of the real estate in my area, I have no idea when and if it's ever going to happen anymore. + +I also have a RRSP with 'Fonds FTQ' of about 22 000, and another RRSP with my job of 11 000. + +I have about 30 000 of cotisation room left for TFSA. + +I'm single and live alone (not by choice, buy I don't expect this to change soon), and I make about 75 000 a year before taxes. I also just opened a TFSA account in WealthSimpleTrade but there's nothing in it yet, as I'm not sure where to start. + +I also work for a private company, so I won't have a pension fund when I retire. + +What would be the best thing to do with this money (and future money), if I want to invest it long term, but keeping the possibility of using it IN CASE something in my life changes and I suddenly have an opportunity to buy a house? + +Please don't be too hard with me as I'm really new to all of this. Any advice will be greatly appreciated. + +&#x200B; + +EDIT: + +I didn't expect this post to be so downvoted. I sincerely apologize if it wasn't the right place for it. + +&#x200B; + +EDIT 2: + +My first award! Thank you kind stranger! :D + +Also, thank you all for taking the time to write your thoughts, I'll try to make good use of all your advice! +I didn’t think I’d have to make part for so soon, but here it is. After receiving only 2/3’s of dividends yesterday, I’m now short 1/3 of the dividend today. WHAT THE HELL IBKR. +1. TAKE CARE OF YOUR DAMN MARGIN- when hedgies started collapsing the price, a lot of y’all had your positions closed right out from under you due to sudden margin calls that gave little time to react. Make sure your positions have not been bought with with borrowed money. Deposit whatever you need NOW. + +2. REMOVE STOP LOSSES- this does not need any more explanation after last January. + +3. GET THE HELL OUT OF ROBINHOOD- this does not need explanation after last January. Everybody saw what they did. + +4. IF BROKERS KILL THE BUY BUTTON AGAIN, DO NOT SELL. - Lot of people who fomo’ed during the run up probably had no idea about the plans RC had for GameStop or who RC even was, and simply thought this was just a huge pump and dump. They just saw CNBC saying one day GameStop was skyrocketing and jumped on, then shit their pants when the price fell. Well, we’ve had a whole year to research and analyze all about GameStop’s turnaround. GameStop’s market cap should be WAY higher than what it is right now, based on current sales. This is NOT a pump and dump. This is NOT a meme stock. This is an opportunity to get in early on the next company giant. The company will be worth a lot more in the coming years. + +5. DRS- hedgies can’t mess with your position if it’s locked up where they can’t touch it. + +That’s pretty much it. It will be interesting to see how it will go down if another run up happens, considering what we learned from last January. Lot of folks left robinhood and drs’ed and steeled their nerves and diamonded their hands for up and down movement. Hedgies pulled every dirty trick in the book last January to save themselves, and they will do it again. It won’t work this time though. We already know what they’ll do, so HODL. This stock is, at worst, a long term hold. At best, an opportunity to make millions. It’s a win-win as long as you don’t sell. Do not let them close your position or scare you into selling like last time. +Wrote my algos in python, all working good. Wanted to optimize some parameters by running backtests. ETA of 20 days on my home server. Man, I don't wanna invest in more servers/workstations, and learning C/C++ again would be a bitch, especially on how convoluted my strategies already are, what do? + +Friend recommended Cython. Did the minimal changes required and compiled. New ETA 2 days!!! Holy moly! + +Once I become a millionaire, I'm gonna donate a whole bunch to the project, amazing work, I'd recommend it to anyone that needs their python code to run faster. +Hi everyone, this is my first time posting to Reddit so apologies in advance for any novice errors. + +I grew up low-income and was very fortunate to have graduated college through the aid of scholarships, grants, and loans (I’m a first-gen grad, fwiw). I landed a pretty decent job after graduating and have been helping my parents and sibling with expenses since. + +My brother is off to school this fall and I’d always planned to help pay for his tuition, but I’m not sure if the right thing is to tell him up front, or have him believe he’s liable for school payments and have him take out *subsidized loans* (this is important because they are 0% interest loans while he’s in school), and make a bulk payment once he’s graduated. I ask because I think there’s a personal finance/ownership lesson to be learned here, especially since he’s kind of always leaning on me, but I don’t want him to feel stressed while he’s in school. I should note that any discretionary expenses or emergencies I will 100% cover and he knows this—I’m purely talking about taking out loans for tuition. I suppose there’s also a secondary effect that taking out loans would give me more time to save $ (don’t have a ton saved right now), but the question really is about whether or not I should tell him my plans. + +TL;DR: I know what it’s like to navigate college under the extreme pressure of worrying about paying for tuition and don’t want him to go through the same. But, at the same time, I’m not sure if I’d be taking away an opportunity for him to be self-sufficient and learn about finances now if I front-load this info. + +Would appreciate any thoughts, and thanks in advance. + +******Update: wow, thanks everyone for all of these comments...I woke up this morning stunned by how supportive you all are. Truly in shock!!! I completely agree about not making my brother work 40 hours a week, and to be clear, that was never the plan. I will keep reading your comments and come back with an update when he’s received all of his financial aid and we know exactly what the gap is. Thank you all again!!!.****** + +Also, fwiw, I’m his sister, not his brother ;) +I've made about 500k in capital gains in the last 2 weeks and I have put all of it into another position. Do I need to pay quarterly taxes on these gains or can I wait until April next year? I thought I would just be taxed on my net profit at the end of the year but now I hear that if you make a lot of money that you have to pay tax quarterly. This is the first time i've ever made this amount of money. + +Edit: https://imgur.com/a/qz4DLAw +Unless you were hiding under a rock or vacationing in Shanghai, you know about what happened with Terra / Luna this week. + +If you don't understand what happened, here's is a [podcast](https://youtu.be/Og2vLA1XFyI) that describes what happened. + +(Essentially an "algorithmic" stablecoin blew up; causing significant downward pressure on the entire crypto ecosystem and a bunch of speculators to lose a ton of money. If you want to understand more, just visit the Terra subreddit, r/terraluna, and you'll see the carnage. I have to warn you though, some of the posts are incredibly sad.) + +For those of you who became FatFires because of crypto, this should serve as a wake-up call that it is not a question of if, but when that Tether will blow up. And when that happens your ability to stay Fat is severely at risk. + +While an algorithmic "stablecoin" behaves somewhat differently to other "stablecoins," they share one thing in common. A Peter Pan level of belief that the stablecoin will continue to be worth a dollar and will continue to do so in perpetuity. However when a crisis of confidence forms, the risk of that stablecoin imploding is extremely high; causing a crash in the crypto market. Given the size of Tether, its impact on the crypto ecosystem would be severe, to say the least. + +It is very likely that all of this is happening because of the significant leverage in crypto markets combined with interest rates rising. + +While people would argue that pegs have been saved before. Those pegs held when liquidity was at significantly high levels with the cost of debt historically low during one of the largest asset bubbles of all time. However, as liquidity is removed from the system, it'll become harder and harder to maintain pegs. At some point it has to crash. It's just gravity and math. + +(The same goes for those of you using PALs for additional leverage. Powell said this week that we'll see at least another two rate hikes of 50 basis points each. But we should expect even more given their desire to keep wages and inflation in check). + +So be careful out there. It is easy to think that you have won the game and that you're invincible because you hit the lottery on your speculations. But that can all turn in an instant; as Terra / Luna showed us this week. + +Best wishes and good luck. +Is anyone else seeing crazy amounts of hate directed at owners of rental properties in their local markets? I live in Spokane where the real estate has gone even more insane than most of the rest of the country. We have recently made the national lists for highest rental price increases, home price increases, numbers of bidders to purchase homes and shortest time on market. + +The complaints (commonly seen on r/spokane....here's just one recent thread: [https://www.reddit.com/r/Spokane/comments/p1o29n/investors\_buying\_up\_single\_family\_homes\_leaving/](https://www.reddit.com/r/Spokane/comments/p1o29n/investors_buying_up_single_family_homes_leaving/)) cover these topics: 1) Locals can't afford to live here anymore (rent or buy starter homes). 2) Corporations and "rich" people with high paying jobs and home equity from the coasts (Seattle/California) are ruining Spokane by driving up prices. 3) "Something" should be done to stop the tyranny of real estate investing (both mom/pop and larger corporations). "Something" like removing tax incentives, ban on out of state ownership, regulation, rent control. + +I grew up with my parents owning rental properties and literally never heard anything negative during all those years suggesting it was somehow immoral to be a landlord. However, now it does seem that investment is playing a big part in driving up prices, with all-cash offers, etc. that locals can't match. + +I'm sure there are plenty of folks here who are straight dollar/cents focused and not at all concerned what others think about them so long as their activities are legal. I do understand that position. But I think of myself as both doing something good for me AND for my tenants: We own two single family homes and have accepted tenants who were not qualified in terms of credit scores or income but needed a break. I've done 12 month prorated security deposits to get a needy tenant into a home with just first month's rent. I have no intention of ever bringing our units to "market rate" at the expense of the current tenants, so long as they take good care of the home. + +Yet, I'm still wondering if the net "harm" of owning these two homes outweighs the "good". Is anyone else struggling with this unexpected aspect of real estate investing? + +&#x200B; + +Edit: In case others wonder why this thread was locked here's my exchange with the Mods: + +[**r/realestateinvesting**](https://www.reddit.com/r/realestateinvesting/)**Why was my thread unacceptable?** +[**expand all**](https://www.reddit.com/message/messages/?embedded=true#)[**collapse all**](https://www.reddit.com/message/messages/?embedded=true#) + +\[–\]to [/r/realestateinvesting](https://www.reddit.com/r/realestateinvesting) sent 54 minutes ago + +I read all the rules and don't see how my thread was unacceptable? + +[https://www.reddit.com/r/realestateinvesting/comments/p1xm1f/hate\_directed\_at\_real\_estate\_investors\_landlords/?sort=new](https://www.reddit.com/r/realestateinvesting/comments/p1xm1f/hate_directed_at_real_estate_investors_landlords/?sort=new) + +&#x200B; + +\[–\]**subreddit message via** [**/r/realestateinvesting**](https://www.reddit.com/r/realestateinvesting)**\[**[**M**](https://www.reddit.com/r/realestateinvesting/about/moderators)**\]** **sent** **51 minutes ago** + +The subject matter of your post has been posted numerous times before, and you posting about it, is not adding anything new to the conversation, so your post was locked by a moderator. + +\[–\]to [/r/realestateinvesting](https://www.reddit.com/r/realestateinvesting) sent 42 minutes ago + +Ok. Your sub. However, it's not an easy topic to search due to lack of tangible keywords. Can you point me to the most recent thread? + +&#x200B; + +\[–\]**subreddit message via** [**/r/realestateinvesting**](https://www.reddit.com/r/realestateinvesting)**\[**[**M**](https://www.reddit.com/r/realestateinvesting/about/moderators)**\]** **sent** **32 minutes ago** + +[https://www.reddit.com/r/realestateinvesting/comments/ovinek/as\_a\_tenant\_who\_owes\_back\_rent\_around\_8000\_the/](https://www.reddit.com/r/realestateinvesting/comments/ovinek/as_a_tenant_who_owes_back_rent_around_8000_the/) + +[https://www.reddit.com/r/realestateinvesting/comments/mbn2nk/are\_you\_guys\_hated\_in\_your\_community\_at\_all/](https://www.reddit.com/r/realestateinvesting/comments/mbn2nk/are_you_guys_hated_in_your_community_at_all/) + +[https://www.reddit.com/r/realestateinvesting/comments/p1xm1f/hate\_directed\_at\_real\_estate\_investors\_landlords/](https://www.reddit.com/r/realestateinvesting/comments/p1xm1f/hate_directed_at_real_estate_investors_landlords/) + +[https://www.reddit.com/r/realestateinvesting/comments/ojmpaa/key\_takeaways\_from\_managing\_our\_40unit\_portfolio/](https://www.reddit.com/r/realestateinvesting/comments/ojmpaa/key_takeaways_from_managing_our_40unit_portfolio/) + +[https://www.reddit.com/r/realestateinvesting/comments/og0sgm/done\_with\_real\_estateon\_reddit/](https://www.reddit.com/r/realestateinvesting/comments/og0sgm/done_with_real_estateon_reddit/) + +&#x200B; + +\[–\]to [/r/realestateinvesting](https://www.reddit.com/r/realestateinvesting) sent 9 minutes ago + +Thanks. One of those is my thread and only one of the others I'd consider closely related (from 5 months ago). But again, your Sub. +Curious as to what people have on their shopping list for stocks and corresponding buy prices: + +GPN- sub 130 + +Visa- Sub 200 + +FIS - Sub 110 + +Adobe - Sub 440 + +Su - Sub 25 + +Enb - sub 39 + +PBA - sub 29 + + +**Introduction:** + +If you missed the Archaegos blow-up in the first few months of 2021 then you are going to want to buckle up to see how disconnected this stock price is from the value of the business. Please let me know what your thoughts are and if there is anything I missed. + +TLDR: This company is undervalued, but has a lot of debt on the balance sheet. They are planning on a big merger which may justify buying into the company at these levels. + +*Disclaimer: I do not currently own a position in this company, but I am looking to build out a position ahead of the merger.* + +If you want to view the post with the pictures embedded you can look at my substack post [here](https://joshsinvestmentideas.substack.com/p/discovery-value-trap-or-undervalued). + +**DISCA/DISCB/DISCK - Discovery:** + +“We are a global media company that provides content across multiple distribution platforms, including linear platforms such as pay-television ("pay-TV"), free-to-air, and broadcast television, authenticated GO applications, digital distribution arrangements, content licensing arrangements, and direct-to-consumer ("DTC") subscription products. As one of the world’s largest pay-TV programmers, we provide original and purchased content and live events to approximately 3.7 billion cumulative subscribers and viewers worldwide through networks that we wholly or partially own. As of September 30, 2021, we had 20 million total paid DTC subscribers. We distribute customized content in the U.S. and over 220 other countries and territories in nearly 50 languages. We have an extensive library of content and own most rights to our content and footage, which enables us to leverage our library to quickly launch brands and services into new markets and on new platforms. Our content can be re-edited and updated in a cost-effective manner to provide topical versions of subject matter that can be utilized around the world on a variety of platforms.” [Q3 10Q Filing](https://s27.q4cdn.com/187472364/files/doc_financials/2021/q3/DISCA-2021.9.30-10Q-Filed-copy.pdf) + +Discovery owns a lot of its own content and replays them on its own channels. This is going to be huge for Discovery’s new move into the direct-to-consumer space under their service named **Discovery+.** Also, they currently have an upcoming merger deal that they will hopefully close in the middle of 2022. This deal will merge Discovery inc. with Warner Brothers media. I will touch on this later in more detail, but just know that there is a lot of content that they have already on the sideline that is sought after by viewers. + +Below is a list of the channels owned by Discovery: + +[US Networks Screenshot](https://imgur.com/a/VU79f0m) + +[International Networks Screenshot](https://imgur.com/a/q5b8xHu) + +**Discovery breaks itself down into the following segments:** + +* **USA Networks and International Networks each have the following categories** + * **Advertising -** “Advertising revenue is dependent upon a number of factors, including the stage of development of television markets, the number of subscribers to our channels, viewership demographics, the popularity of our content, our ability to sell commercial time over a group of channels, market demand, the mix in sales of commercial time between the upfront and scatter markets, and economic conditions.” [- Q3 10Q Page 36](https://s27.q4cdn.com/187472364/files/doc_financials/2021/q3/DISCA-2021.9.30-10Q-Filed-copy.pdf) + * **Distribution - “**Distribution revenue consists principally of fees from affiliates for distributing our linear networks, supplemented by revenue earned from subscription video on-demand content licensing and DTC subscription services.” [- Q3 10Q Page 36](https://s27.q4cdn.com/187472364/files/doc_financials/2021/q3/DISCA-2021.9.30-10Q-Filed-copy.pdf) + * **Other -** This is miscellaneous revenue related to the specific networks. + +*Note: There were revenue increases, but this is also due to acquisitions made by Discovery Inc. rather than only the core business. While the acquisitions strengthen the core business now I just wanted to note that in case you see some odd revenue upticks such as 2018 when Scripps was acquired.* + +*Below you can see how the revenues have grown since 2013:* + +[Revenue Screentshot](https://imgur.com/a/5hjdKn4) + +**Financials:** + +* Total Revenue TTM as of Q3 2021: $11.89B +* Profit Margin has been floating between \~12% - 15% + +[Profit Margin Screenshot](https://imgur.com/a/5T2mtyf) + +* Current P/E: \~15 + * DISCA: \~15 + * DISCB: \~20 + * DISCK: \~14 +* EV/EBITDA: \~3.53 +* Current Cash as of Q3 2021: $3.116B +* Total Debt as of Q3 2021: $14.785B + +**Industry** + +* One trend that has been noticeable especially over the last few years is the move from cable TV to the online subscription model(See Chart 1 below). Discovery just launched their subscription service, Discovery+, at the beginning of the year they have been able to amass 20M subscribers. The large majority of its revenue and advertising are still being brought in from the traditional cable tv market, but that is why they have launched their own DTC subscription service. Fortune Business Insights released a report where they expect the “Video streaming market” to reach an $842.93B valuation with a 12% CAGR. This is up from the $342.44B market size in 2019 ([Link](https://www.globenewswire.com/news-release/2021/11/12/2333147/0/en/Worldwide-Video-Streaming-Market-Industry-is-Expected-to-Reach-USD-842-93-Billion-by-2027-at-a-CAGR-of-12-0-from-2021.html)). They are going to be competing with companies/services like Netflix, Disney+, FuboTV, Roku, Amazon Prime, Apple TV, and Peacock. + * Now this industry growth is huge and CEO David Zaslav expects Discovery to gain some market share, especially with the upcoming merger with WarnerMedia. Zaslav stated that “We think it could be \[up to\] 400 million homes over the long term” when speaking about the expected subscribers. + +[*Chart 1: Cable TV forecast through 2028 from Grand View Research*](https://www.grandviewresearch.com/industry-analysis/pay-television-tv-market) + +**Merger with WarnerMedia:** + +* In the first half of 2021 Discovery and Warnermedia announced an exciting opportunity to merge their brands to create a new entity. This deal was an absolute steal because AT&T is essentially spinning this off at a loss and Discovery will have access to a huge lot of movies and shows with large brands. Below you can see the mixture of Discovery brands and Warnermedia brands that are going to be combined under this merger. One item to note is the large number of sports channels that are owned by both companies since there will likely be an offering for live streaming the games or events through the DTC platforms rather than just traditional cable tv channels. One of the great things about Discovery’s TV shows is that they do not cost as much as the high-budget WarnerMedia items because of the way that “live” tv is produced versus scripted TV shows. Also, since these TV shows have already been produced and paid for via the original advertising, both platforms now have the opportunity to sell these brands for a “second” time without needing to incur any more charges besides the cost of maintaining the platforms. While Netflix has been trying to create their own TV show brands they still license a large portion of their current offering which is why this HBO and Discovery merger is such a big move. One of the great parts of merging the companies is that the subscribers likely won’t cannibalize each other due to the difference in content. We will likely see an offering similar to Disney+, Hulu, and ESPN where there are combined packages, but also separate offerings in case you only want one product. As of Q3 2021, **Discovery currently reported that they have 20 million subscribers(**[**link**](https://variety.com/2021/tv/news/discovery-q3-2021-earnings-warnermedia-streaming-david-zaslav-1235103627/)**) and AT&T reported that HBO and HBO max have 69.4 million subscribers(**[**link**](https://variety.com/2021/digital/news/hbo-max-q3-2021-subscribers-att-warnermedia-earnings-1235094282/)**).** + +[Combined Channels and Series Screenshot](https://imgur.com/a/wkfvuKi) + +* **Financials of the Merger** + * The first item to note is how the actual deal will work for the shareholders and Discovery & AT&T’s portion of the deal. Discovery will own 29% of the new company while AT&T will own 71% of the new company. Also, DISCA, DISCB, and DISCK will be merged into one set of shares which is why I will be buying the C shares and using the C shares valuation for my numbers. These trade at a discount due to the lack of voting rights. + +[Spinoff Screenshot](https://imgur.com/a/CTcT0a0) + +* Now the economics of the deal have been spelled out and shown via the presentation made in the middle of the year ([link](https://s27.q4cdn.com/187472364/files/doc_presentations/2021/ATT-Discovery-WM-05172021-FINAL.pdf)). The merger is expected to have \~$52B of revenue and \~$14B of expected EBITDA in 2023(Slide 10). Along with this revenue expectation they are targeting $15B+ of direct-to-consumer revenues in 2023. They expect to have around \~4.5x to \~5x leverage compared to their expected EBITDA. Zaslav recently mentioned that he expects the debt leverage to be around 4.5x ([link](https://variety.com/2021/tv/news/david-zaslav-warner-bros-discovery-zaslav-kevin-mayer-1235103664/)). + +[Expected Revenue Screenshot](https://imgur.com/a/zuZ8bFr) + +* Lastly, the sum of parts valuation presented by The Popular Investor Channel ([link to the explanation](https://youtu.be/4qyFRi51BY4?t=1164)). There are multiple ways to come up with a sum of parts for this evaluation, but I wanted to use Rob’s video so that new investors can follow along rather than needing to spell it all out here(.....aka I am being lazy). I recreated his sheet on the DCF worksheet if you would like to go in and make your own edits. I think his calculation looks like the correct estimate, but I think the multiple should be 11 while the net debt/EBITDA ratio can be a little higher (This is to be more conservative). I will leave it the same on the sheet so you can see the comparison, but you can clearly see there is a lot of upside on this. You can also use terminal multiples to come to a conclusion if you would rather take a “simpler” approach. + +[Sum of Parts Screenshot from The Popular Investor Channel](https://imgur.com/a/fJfLSzY) + +**Strengths:** + +1. Brand Name and reputation - + 1. Discovery Inc. has a ton of household names for both the channels/production they own and the actual shows that they produce. “Discovery networks are also among the most-watched networks on TV. For traditional TV ratings during the most recent quarter (Q1 2021), Discovery held four of the top 15 primetime networks among its key demo of women 25-54 (TLC ranked #1.” ([Link](https://corporate.discovery.com/discovery-newsroom/discovery-networks-claim-top-rankings-in-2021-beta-research-brand-identity-study/)) +2. Subscriber Growth + 1. They have reached 20 million subscribers on just the Discovery+ platform in 3 quarters since it just launched at the beginning of this year. The ad spend has slowed down due to the upcoming merger and they plan to package HBO Max and Discovery+ into an offering for both platforms. + +**Risks:** + +1. Current Leverage position + 1. Their total debt as of Q3 2021 is $14.785B and their TTM FCF as of Q3 2021 is $2.082B. While the management team has a good track record of lowering debt quickly it is still an important item to note because of the risk this poses to the business model. If you would like to see the makeup of their current debt you can look on pages 18 & 19 of their [Q3 2021 10Q](https://s27.q4cdn.com/187472364/files/doc_financials/2021/q3/DISCA-2021.9.30-10Q-Filed-copy.pdf) for a better explanation of their debt. This is a big risk to the business if there was any substantial downturn in the US economy since they would likely not be able to keep up with their debt payments. This should be factored in with your margin of safety because of the large debt component. The merger will also have a good amount of leverage, but we are focusing on just Discovery so I did not want to include it on the risks just yet. Once the merger is approved we will add in the new debt here. + +[Debt Screenshot](https://imgur.com/a/Si2vr7a) + +1. Merger not being completed or being stopped by regulators + 1. Discovery has a lot of content for viewers, but it is likely not enough to get substantial gains on the subscriber growth front of their business. David Zaslav knows that they need to be operating at scale and see that the merger will allow them to do just that. While there are agreed-upon penalty payments depending on who terminates the merger, if it were announced that the merger did not go through we will likely see a short-term decline in stock price. This market has been very reactionary and from the most recent earnings call it sounds like this company has the green light so far. + +**Discounted Free Cashflow Model** + +If you would like to see my worksheet the link is [here](https://docs.google.com/spreadsheets/d/1XyElNFu4BY9mg_EbU52NGzYCaOw5B0jBtFkOpXMygLI/edit?usp=sharing). + +[DCF Screenshot](https://imgur.com/a/OZiYVLG) + +**What are their plans for the future?** + +1. Merge with WarnerMedia and grow out their Discovery+ platform along with HBOMax to give customers value. +2. Decrease leverage from an estimated 5x leverage going into the merge to 3x leverage. + +**Closing Thoughts:** + +There is a lot of risk in respect to the current debt on their balance sheet and the incoming leverage if the merger is approved. The management team has proven that they are aware of the effects of leverage and want to pay it down, but if there is a substantial downturn in the economy it will hurt Discovery the higher their leverage. The opportunity with WarnerMedia is going to be huge if they are able to merge the company’s costs and employees. If/When the merger goes through they will have a lot of the top-performing channels and the top-performing tv and movie series. I currently like this company and plan on adding around the $25-$26 level for DISCK. +Do you think too many people are holding cash thinking they will pounce on the next big dip hoping it’ll be like 2020? + +As such, there won’t be a big dip, because as soon as a value stock dips, it’s being mitigated by cash holders propping it back up? + +2020 was unique, and the regret of missing out is driving people to be overly prepared in 2021. People are thinking they’re clever, but when too many are thinking/hoping for the same thing, are you really being clever? +I'm doing a some initial research into Corsair, but I'm struggling a little. Other than brand name, do they have a moat? I'm not seeing anything else and I'm not convinced the brand is strong enough. +I noticed a trend with insiders they usually buy after a bad quarterly report that causes a massive decline in their stock price. Usually, when there's a 20% price drop due to a bad quarterly report, that's when they will buy. Do you guys see this as a bullish sign? Or are they just trying to convince investors? Most of the time, that's when I dig deep by reading their financials, industry condition, and their earnings call. If everything else is acceptable for me and if their purchases are over $200k I place a position too. What do you guys think? +I see a lot of discussion on here about spending on children, trusts, inheritance, etc. I would like to give some of my opinions, and some stuff I've learned through my own experiences. Hope it helps. + +**One** + +Have a family identity. Typically 'old money' families have a set of values. For example the Rothschilds have: Concordia, Integritas, Industria. Or Harmony, Integrity, Industry. These family values shape the way the family views the world, and the way they run their internal institutions. For example, the unity phrase has to be considered in business transactions. In many well to do families, owning a large family business can be a source of conflict as minds collide. Referring back to the 'unity' aspect of the family values the family avoids these type of structures where family members can be put into a position to disagree. +You can decide how you want your family values set, up but put these on words somewhere and refer back to them. + + +**Two** + +Empower the rising generation. The next generation should be aware of the financial picture, have a good value of money, and be able to manage their own independent portfolio. A good way to do this is to plan out some type of learning path where the rising generation can learn step by step. By the time they are adults, they should have a solid financial background. + +Examples of learning pathways are something like: + +* Give them allowances, if they want something from the store let them use their own money. + +* Setting them up with bank accounts + +* Allow them to purchase bonds or investments from their parents as a learning experience. Pay them +unrealistically high interest rates so they can value from a young age how their money can grow on their own. Ie lets say they want a really expensive widget from the store. Well, ask them how much they have in their account, ask them how much they earn per week from allowance, offer them a chance to invest the amount they have now, and you will buy the item in a month. This will teach delayed gratification, and walk them through making a financial decision. + +* Purchase stocks of companies that make products they use. Ie your kid loves nike shoes, ask them if they think nike would be a good investment. Buy them a few shares, and show them the progress. The goal is to make it interesting (stocks of products they use are interesting, ETFs can be introduced later). + +* Off load them assets by offering management responsibility in syndication deals or finders fees. Buying a new investment property? If they are in high school and know some math, show them how to calculate cap rates. Tell them if they find a suitable property and you end up buying it, you will pay them a 1% finders fee or something. + +This is just an example, but step by step it builds up to full financial acumen. + + +**Three** + +Centralization, and decentralization. Centralize infrastructure and expenses, decentralize risk. Centralization examples include: hiring personal assistants for the whole family to save time on doing things, insurance policies (health, auto, home, business etc) managed for the whole family, shared vacation homes. +In terms of decentralization, each family member should have a minimum portfolio that they can live off of to mitigate risk if something happens to centralized trusts or corps. +Have a central family bank that is controlled by the managing generation. Use grants from this organization to develop family capital. That can mean investing, but also investing into the human capital, or social capital of the family. + + + + +**Four** + +Management is a calling, ownership is mandatory. Everyone invests, everyone is financially literate. But don't force their hand into Entrepreneurship; its not for everyone. There are three important circles: Family, Management, Owners. Think of a ven diagram with three circles. + + + + + +**Five** + +Most well to do people ignore other types of family capital. There's more than just the money, that's why I started with the family value system. There is human capital (talent of the family members), social capital (connections the family has), financial capital. +You need to create balance sheets of all of them, and empower all family members and include them on the balance sheets. + + + + + +**Six** + +Don't secretly resent wealth transfer or wealth creation. Remember, the family is hair, but the money is skin. Without the money, there is nothing for the family to stand on. Your money allows your family to be secure, and to have the power to change the world. + + + + + +**Seven** + +Get the money as far down the line as securely as possible. There are many methods to do this, generation skipping trusts used to be great until the rules changed. Now the rules favor dynasty trusts, especially in states that have abolished rules against perpetuities. Offshore trusts are useful. Keep the assets out of probate, out of the courts, and out of creditors hands. +Sleeveless to sleeveless in three generations is real. But your goal is to get the money as far down the line securely. If the wealth can be transferred beyond three generations, it is much more secure. The reason is that the family has had time to build up social capital, centralize operations, and decentralize risk. If the family lost everything at this point the social capital built up alone, along with the human capital would likely be enough to make back the money. There are various studies that show the richest families before regime changes often continued to be rich after massive wealth transfer events (ie seizure). +Additionally, farther down the line there will be a stronger family history, and family values. The stored knowledge and connections can be used to prepare the rising generation to make the money back. +For example (love him or hate him I don't care this isn't about politics its about money, I will learn from anyone) Donald Trump. Donald Trump's father started offloading assets to Donald when he was young. If you separate management shares, and ownership shares you can divide these two across generations (ie dividend shares owned in trust by rising generation to build their income, management shares owned by family elders). Trump most likely isn't the best businessman, but he was able to teach the same family values to his kids, allowing them to continue to do business. Trumps father started his business using his inheritance, meaning the family is on their 5th generation. The earlier you offload assets, the more likely they are to stay out of the courts and probate. + + + + + + +**Eight** + +Compounding is everything, start it early. Ie all of the family members can chip in for a down-payment on a rental property as soon as a child is born (lets say 25 year mortgage), by the time they graduate university there would be a nearly payed off rental property. The same concept would be done with ETFs as well, but the point is to get max time in the market. + + + + + +**Nine** + +Analyze different perspectives that might arise from members of the family feeling not included. For example, there are some heirs that wish they didn't have the money, or resent wealth all together. Others that keep it a secret from the rising generation, others that donate it all away. Understand how each of these viewpoints are the result of feeling not included in the family. Its your job to make everyone feel included, represented and valued. + + + + +**Ten** + +Create and enshrine family history. Create physical locations that the family meets at throughout the year. Share stories, and memories. Let the rising generation learn from the previous generation. Create systems to store and manage family archives. If all else fails, the family archives, social capital, and talent will serve as the ultimate backup plan to make the money back again. +The first quarter results are declared abysmal, yet the stock goes higher and higher up? Someone please help me make sense out of this. I am paralyzed after hitting all my stop losses, looking at a year for break even with my average return rate, but I haven't been able to do a single trade because it has broken my sense of what is reality. Ashok Leyland, PVR, ruined me. +I assume those of you on this sub are investing, not gambling. I also assume that y'all care about risk. If so, please read on. + +I feel like several times a day I see a "portfolio" advice post for "portfolios" that is 100% tech. IMO, these portfolios will perform poorly and have extreme amounts of risk. In a loose sense, portfolios seek to balance many different equities to achieve an optimal risk/reward. This is done through diversification. If you're 100% tech (especially if it's only US tech) you have little to no diversification. If you want extreme risk, you're better off trading individual stock, options or even FOREX. + +**Why:** There is a reasonable chance of a tech correction + +* Tech has all the hallmarks of another bubble tech + * Many people are buying now only because yesterday's price was lower + * Fundamentals are making less and less sense + * It's happened before + +&#x200B; + +* The tech boom makes sense (I've pointed this out many times on this sub) + * COVID propelled personal savings to all-time highs and money needed a home. [https://fred.stlouisfed.org/series/PSAVERT](https://fred.stlouisfed.org/series/PSAVERT) + * High Yield Savings and Bonds are unattractive at current rates + * Equities are the best option, but tech is better. It's the sector least impacted by COVID. + * QE is propelling equities (it's also scaring people that inflation will be high) + +&#x200B; + +* The eventual bust also makes sense + * The world comes back to normal + * Beaten down sectors will return to pre-COVID levels, at the expense of tech + * Savings will reduce + * Rates will eventually increase; Bonds, Savings Acct and Fin Sector will look more favorable. + * All this puts pressure on tech and the FED will not intervene. They only care about credit markets. + +**Import case study** (thanks r/investing) + +* Cisco system was the highest valued company in 2000, today's it barely in the top 30. For example, if you bought 100 shares of Cisco in July 2000 it would have cost you \~$7000, by July 2001 100 shares was worth \~$2000. Even scarier, if you held for 20 years, 100 shares are worth \~$4000 today. You're still in the hole, big time! + * This is a great example, as many over-valued tech companies, Tesla, Apple, etc... Will not go bankrupt, but they might be smaller. + +**Will all this actually happen?:** Maybe, maybe not. I just wanted to show y'all that it's not unreasonable. Hence you must diversify to minimize downside risk. + +**What to do** : + +* Take a profit on some of the tech and diversify! +* You can do this simply with some VTI and VXUS. +* You can do this more complexly with non-tech cyclicals, fin sector, some REITs, internal funds. +* Don't stop tech buying. If you believe in tech, keep buying! Just do so in a sensible way. Don't put all your money on black and cross your fingers. That's gambling and you're smart; you're buying ETFs cause you don't wanna gamble! + +Even the pros love tech, but they're not 100% tech: [https://wallethub.com/edu/hedge-fund-stocks/38113/](https://wallethub.com/edu/hedge-fund-stocks/38113/) + +I'm long tech, buy it frequently and it makes up \~15-20% of my portfolio. + +**Edit**: Nice example, I looked at what happened right before the last tech crash: + +* A 50-50 portfolio of Tech and SPY dominates Tech or Spy on it's own +* This backtest assumes that tech will bust soon and decrease dramatically; probably not realistic. +* Play with the dates as you wish. However, even if you bought tech at the exact right time, i.e. Mid-1999, you'll see returns of the 50-50 mix is still good (though less than tech only), but with significant less variance. Also, don't forget tech ETFs can have hefty expense ratios which eat at CAGR. + +[https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=2000&firstMonth=8&endYear=2020&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&showYield=false&reinvestDividends=true&portfolioNames=true&portfolioName1=Tech+Mutual+Fund&portfolioName2=SP+500&portfolioName3=Mix&symbol1=FSPTX&allocation1\_1=100&allocation1\_3=50&symbol2=SPY&allocation2\_2=100&allocation2\_3=50](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=2000&firstMonth=8&endYear=2020&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&showYield=false&reinvestDividends=true&portfolioNames=true&portfolioName1=Tech+Mutual+Fund&portfolioName2=SP+500&portfolioName3=Mix&symbol1=FSPTX&allocation1_1=100&allocation1_3=50&symbol2=SPY&allocation2_2=100&allocation2_3=50) + +&#x200B; +Listen, I know everyone on this sub loves ethereum, but am I the only one who finds it strange that I haven't really heard much about Vitalik constantly selling? He premined ethereum, and gave himself/the dev team close to 12M ethereum. Here is the wallet [link](https://etherscan.io/address/0xde0b295669a9fd93d5f28d9ec85e40f4cb697bae) and evidence of the wallet being funded with 12M eth 2547 days ago. + +https://preview.redd.it/8ilydapzlpe91.png?width=1087&format=png&auto=webp&s=84183870f726b82864aff56bbb89276e37f629d1 + +Lets show you guys an example of the wallet dumping eth. On May 17th 2021, the wallet transferred 35k eth to another wallet. + +[This is the transaction](https://preview.redd.it/ud3nmme1mpe91.png?width=1308&format=png&auto=webp&s=edc035389f0e5b964e37335bebee52f613318ac6) + +&#x200B; + +Lets have a guess what the wallet does next? Anyone want to guess? Yep, straight out to kraken to use you guys as his exit liquidity. + +https://preview.redd.it/7uh4yo84mpe91.png?width=1301&format=png&auto=webp&s=34a45097c9f350e8e60332df8f2c8381202b5643 + +The next dump gets even better. November 11,2021 the ethdev waller transfers 20K ether out to the same wallet, which then again transfers it to Kraken where they dump it. + +https://preview.redd.it/ej58eg76mpe91.png?width=1297&format=png&auto=webp&s=b573a5b07658ff9686933ede168cd54ebe4160a1 + +https://preview.redd.it/8a2txow7mpe91.png?width=1298&format=png&auto=webp&s=b59e02b01314e72e88858d266586179f921c2e8b + +Now this is where things get interesting. Guess what day the bull market ended? Nov 8,2021. + +https://preview.redd.it/akhmf7l9mpe91.png?width=1126&format=png&auto=webp&s=9d6f005ec99876a9442343746331e149a84279d1 + +I do hold eth and like it, but I think its fair to give eth the same criticism as we would all give to other shitcoins if the owners or VCs sell this much. Its up to you guys to decide if he timed the market to perfection, or he created the eth top and used you guys as exit liquidity. I think its pretty obvious. +I recently graduated college in December with very little debt and in Late May I will be starting a job making around 95k a year. In the meantime i’ve been living with my parents but once I start my job I was considering moving into an apartment. Rent in my area is around $1500-$1800 a month for a 1 bedroom and if I find a roommate for a 2 bedroom it would be around $1200 a month. However if I stay with my parents for some time, the money I would’ve used for rent could be used on a down payment to buy my own home. Also I plan on purchasing a new car in the next few months which is another expense that I need to account for + +The cons of living with my parents include being subject to their rules, a weakened sex life and social life, weakened mental health, being treated like a child and more worries that I wouldn’t have had otherwise +The cons of living in an apartment include rent and fees, potentially having a bad roommate experience , potentially choosing a bad apartment, and simply a bigger overall opportunity cost + +I grew up not being a very social person and I’ve noticed that being home makes me even less social, while being away and surrounded by more outgoing people (like my potential roommate) allows me to branch out more and have fun. + +If you were in my shoes as a young professional looking to make the most of these years, what do you think the best decision would be financially and mentally. +# TL;DR + +* **My hypothesis is that the last 6 trading days (July 9th - July 16th) were almost** ***THE SAME*** **as May 5th - May 12th, which was the setup that was the very beginning of the last bullish movement** +* The price is being very, very, very heavily manipulated, like wtf.... +* Buy & hodl, so hot right now + +# Intro + +I am pretty sure that my post will be buried under high-school drama shit and other forum sliding stuff but I'm going to give it a shot anyway. + +So I've been playing around with some numbers in Google Spreadsheets trying to investigate the 60D cycle theory based on how similar the drops and consecutive days were after **March 15th** and **June 10th** (these days were nearly identical and the following days showed pretty much the same dynamics indicating that we're in the same pattern). My initial hypothesis was pretty much the same as the guy/girl that claimed to *broke the shorting algo* (I would link it here but apparently r/Superstonk automod now blocks links to other GME-related subreddits - why on earth would someone add a rule like this!?) although with all due respect I think it was a massive overstatement and I'd rather stay humble in terms of evaluating my research. + +The 60-day cycle hypothesis was holding water for some time but recently it started to fall apart more and more. I was about to drop this topic and move on... + +[The 60D pattern hypothesis started off very nicely but started to fall apart recently. \(Blue candles: trading days after June 10th, Gray candles: trading days after March 15th.\)](https://preview.redd.it/3mkfd1op60c71.png?width=1079&format=png&auto=webp&s=d462cec012db02e87b9add8400b04ca2d050c081) + +...but then I noticed something else and I was like "**b\*\*ch, no way..."** + +&#x200B; + +https://preview.redd.it/4cr0kjqr60c71.png?width=1363&format=png&auto=webp&s=1c74011b631b5c807fdfae2a66a3fb456175d9d3 + +# My methodology + +Yeah so I am not really smart, my statistical skills were never high and on top of that they are now very rusty as I grew old so I am sticking to simple things. For the 60D cycle hypothesis I've been comparing and tracking changes in 8 basic values for each day + +* Open price +* High price +* Low price +* Close price +* Volume +* Amplitude (difference between high price and low price ) +* Daily % change +* Intraday change (difference between close price and open price) + +For each of these values I've been checking [Pearson correlation coefficient](https://en.wikipedia.org/wiki/Pearson_correlation_coefficient) which is like the most basic and primitive statistical tool ever. It's like a stone and I am like a primate that throws it here and there (but well, my hypothesis is pretty simple so I used simple tools.) + +On top of that I've been making simple charts presenting how these values were changing over the days to better see the dynamics. + +# Similarities between May 5-12 and July 9-16 + +The mentioned values for 6 trading days of May 5-12 and July 9-16 look like this: + +&#x200B; + +https://preview.redd.it/nidpa7cy60c71.png?width=884&format=png&auto=webp&s=b7b30553493e9035b21ced7690a07ca4acba3dd7 + +https://preview.redd.it/qmj0b63z60c71.png?width=887&format=png&auto=webp&s=988d515c81ed9892943b18fa40c7ecd22476235a + +And the Pearson coefficient for each of the measured values for these periods looked like this: + +|Value|Pearson coefficient| +|:-|:-| +|Open price|**0.95**| +|High price|**0.85**| +|Low price|**0.96**| +|Close price|**0.91**| +|Volume|**0.85**| +|Amplitude|**0.87**| +|% Change|0.69| +|Intraday change|**0.85**| + +For the apes that don't know how to interpret values of Pearson, [here is some article about that](https://support.minitab.com/en-us/minitab-express/1/help-and-how-to/modeling-statistics/regression/how-to/correlation/interpret-the-results/) but in general, Pearson can range from -1 to 1. + +* \-1 means there is perfect negative correlation (A rises exactly as B falls) +* 0 means there is absolutely no correlation whatsoever between A and B +* 1 means there is perfect positive correlation (A rises and falls exactly as B) + +**So what we have here for May 5-12 and July 9-16 is a very strong correlation of 0.85+ for literally every key value except daily percent change!** + +But screw the numbers amirite? [They are for the suits](https://youtu.be/PQBubLv49fk?t=56). Let's take some colorful crayons and draw some lines (Red: July 9-16, Blue: May 5-12) + +https://preview.redd.it/oreofjo170c71.png?width=1199&format=png&auto=webp&s=4033a5e0dae1e0a4dc5a893762815d74e8afeadd + +https://preview.redd.it/7qr2cpc270c71.png?width=1202&format=png&auto=webp&s=a6b461a598d47b5210db2f065b35b95a00d78a5b + +So the changes in price is strikingly similar, it's just 20-30$ higher for July's pattern compared to May. **But look at the volume and amplitude!** They are nearly identical even in terms of absolute values. I don't know about you, I know that we've seen weird things since January but as for me personally, it blew my mind 🤯 + +# OK, now what? + +Well you know what happened after May 5-12? Our sweet, sweet stocky-stock started its wild run to the land of 300$ + +&#x200B; + +https://preview.redd.it/4deydv1470c71.png?width=1256&format=png&auto=webp&s=065ef14c3b18d3160dd54a2b27ae1f948824f61b + +Now let me be perfectly clear, I am not claiming that the rocket takes off on Monday. A lot of other indicators are telling so (MACD, RSI especially out of those that I somewhat understand) but we also still don't know the exact limits of the SHF fuckery. + +Regardless of that, holy moly! I am excited for the upcoming week even more that I have been for the couple of previous ones. BRING IT ON! 🚀 🌝 💎 🙌 + +Disclaimer #1: **This is not a financial advice, I am like seriously stupid and there is a huge chance that my research is worthless** + +Disclaimer #2: My username has nothing to do with the movie stock, I don't care about it (except when I compare it's movement to GME) and these are just three random words I used for creating this account 2 years ago + +Disclaimer #3: English is not my first language so sorry for mistakes. + +\### + +**Annotation: I am reposting my own post that is currently in** ***Hot*** **on another GME-related subreddit since originally Superstonk's automod was removing it due to linking DD from another subreddit as a reference. Let me express my personal opinion that this rule for automod is nonsensical and harmful. Apes would like to share knowledge, not divide it!** +Update to annotation: apparently it was not the mods\` decision to introduce this rule but reddit admins as I was told in multiple comments. +http://www.wsj.com/articles/white-house-says-tax-on-mexican-imports-could-pay-for-border-wall-1485463326 + +To be passed off onto U.S. consumers, as all sales taxes are. If it happens, I can't expect any net positive results to the overall American economy. Thoughts? +To start, I really don't talk finances with people. Once in a while I do add my thoughts on a convo. + +The idea that you can live comfortably without over consuming, by saving/investing, by creating additional income and deferring some gratification has put people in to a state of shock. + + +Does anyone else run in to this? + +Edit: Looks like it's worth clarifying, these interactions stem from friends/family divulging their financial hardships, not proactively offering advice or telling them how they should spend their $. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Follow the golden rule. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +Thank you in advance for your participation. Enjoy! + +&#x200B; + +https://preview.redd.it/1gx0525isjq81.png?width=1144&format=png&auto=webp&s=0cc141c871664dbdbe40436815bc7ec45511fa67 + +[Fortune - BlackRock](https://fortune.com/2022/03/30/blackrock-president-kapito-entitled-generation-seatbelts-high-inflation-spain-us-germany-scarcity/) + +&#x200B; + +&#x200B; + +https://preview.redd.it/yosi5rymsjq81.png?width=981&format=png&auto=webp&s=6e8eed9a5435b50d0c26db2c1b79df9165273e6a + +[Marketwatch - BlackRock](https://www.marketwatch.com/story/inflation-has-lessons-for-a-very-entitled-generation-says-blackrock-co-founder-11648637024) + +&#x200B; + +&#x200B; + +https://preview.redd.it/gpni013ssjq81.png?width=769&format=png&auto=webp&s=3cab2044168989e55983703673faef0bcdb673fb + +[New York Post - BlackRock](https://nypost.com/2022/03/30/millennials-are-entitled-generation-blackrock-president/) + +&#x200B; + +&#x200B; + +https://preview.redd.it/isxdcz3xsjq81.png?width=779&format=png&auto=webp&s=80d076eaf318bd006dcab4877b63ada02e3ab832 + +[The Street - BlackRock](https://www.thestreet.com/personal-finance/blackrock-president-warning-entitled-youngsters) + +&#x200B; + +&#x200B; + +If I type much more than this, it will be flagged because of sub and reddit rules; anything I have to say about this fucker will get me banned. + +&#x200B; + +&#x200B; + +https://preview.redd.it/txqltgq2vjq81.png?width=319&format=png&auto=webp&s=f067667a1cb90e86e6f4c8d71903b86359490c74 +I’m not knowledgeable enough to predict a crash, but sooo many people are saying things are overvalued and we’re in a stock bubble that I’m convinced I should prepare for a crash to happen in the next 6 months. Do you all agree? + +Is the basic idea to sell and hold cash before a crash and buy back in after? I have a lot of cannabis and renewable energy stocks; perhaps hold onto those and sell some total stock market index funds I have? Is there any other strategy besides selling and holding cash to prepare for a crash? Perhaps I should just hold since I’m young? + +What should my parents do as they’re nearing retirement? They have some Tesla and bitcoin but also tons in total stock market index funds. They’ve told me it’s hard to earn much from bonds with interest rates low. Is there a better option for them than to just sell and hope 2020 doesn’t boom? + + +This is something we should all be considering right? Thanks in advance for any tips on this topic. +There’s a post in the meltdown sub with screenshots of an ape harassing a chat service rep about the DTCC and the split situation. + +The people working that chat are *service* reps. They are literally on the lowest rung of the corporate ladder. They know fuck all about what’s going on. Most of them just got licenses. + +What you’re doing is the financial equivalent of walking into a McDonald’s with a video camera and grilling the cashier about corporate suspect farming practices. + +The only thing you’re accomplishing is making yourself look stupid. + +Edit: well, fantastic. I just got linked over to the fact that now *my* post is the top post in that garbage sub, so I’ve effectively given more cannon fodder to the exact people I didn’t want to. I think from now on, if I come across any of their garbage in /r/all, I’m going to just ignore it. The overwhelming majority of us know what we are doing and where we are headed. Just remember to be kind and focus on who’s really at fault here. +The council incorrectly claimed I owed them around £6000 and dispatched bailiffs to my business to collect this sum in February. This surprised me because I had been paying the council tax on time for more than 5 years. We hadn't received any letters about it, so we were taken aback. I called the council multiple times and spoke and waited on hold for hours, and they refused to tell me what or why I owed them this amount. + +I paid a solicitor to contact the council on my behalf, and they finally responded with the details, revealing that they actually owe me around around £10,000 as they’d been overcharging me, which I have email proof from the council confirming this. + +The problem is that the council claims they can only send me £5500 of the total £10,000 because £4500 was the cost of hiring the bailiffs, which they hired in error. This cannot be a reasonable position for the council to take; they have so far ignored my emails since April when I requested the full amount. + +What are my options now to obtain the full amount from them? +&#x200B; + +https://preview.redd.it/gdw7w2hi1ya71.png?width=1600&format=png&auto=webp&s=6e62c8fb5522a28d6e914e9acb8582a8eb604b2a + + Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/lkau7p3k1ya71.png?width=680&format=png&auto=webp&s=a4074a6f3b02816953c5bdee20f85efd9c90c741 + +Reverse Repos + +&#x200B; + +https://preview.redd.it/vbtjmlam1ya71.png?width=1333&format=png&auto=webp&s=aa07892785ae6bfb5e31113eb5b612a7c1bdc3d0 + +AAAAAAND the bonds market seems like they're going to shit as well, may be a good thing to start looking into as well + +&#x200B; + +https://preview.redd.it/l5lfry9s6ya71.png?width=640&format=png&auto=webp&s=28764fcb758c7aaf0ac05ecd59b8ab8b61420130 + +Alright let's start with the one thing that's been doing the rounds here + +&#x200B; +