diff --git "a/reddit_finance_43_250k_85.txt" "b/reddit_finance_43_250k_85.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_85.txt" @@ -0,0 +1,10000 @@ +https://preview.redd.it/m3fyj1j52ya71.png?width=640&format=png&auto=webp&s=9084774ded6a7eed8652e23eaf8c34cbca9dbb92 + +Some facts that make this tweet stand out: + +Normally Gamestop tweets from the "Salesforce - Social Studio" + +The GMERICA tweet was sent from twitter web app, meaning it's someone that's not part of the salesforce, it's been often hypothesized that this could be RC himself. + +the GMERICA has a few theories around it. + +1. The usa has 330 million inhabitants, it could be that they're trying to say there are so many shares out there, or at minimum in the usa. +2. GME is currently hiring 49 people on USA military bases, so could perhaps link to that? +3. could be that GME has struck a deal with the military to be on more bases or something like that? +4. usa's motto has been "e pluribus unum" out of the many the one, showing unity, perhaps something to do with that? + +At the end of the day it's unknown what they meant with this, but it's fun to speculate regardless. + +Also as I've seen people speculate on their signature at the end of some tweets + +&#x200B; + +https://preview.redd.it/ou2pbuwg4ya71.png?width=960&format=png&auto=webp&s=b097dd564c882def05d117769a814acf21311119 + +# The SEC sent Wall Street a reminder: Companies cannot prohibit or impede employees from contacting the SEC or any other regulator about potential securities law violations. + +[https://www.forbes.com/sites/erikakelton/2021/07/12/secs-actions-against-guggenheim-securities-reassure-whistleblowers/?sh=3b4ffafb1163](https://www.forbes.com/sites/erikakelton/2021/07/12/secs-actions-against-guggenheim-securities-reassure-whistleblowers/?sh=3b4ffafb1163) + +&#x200B; + +&#x200B; + +https://preview.redd.it/ckgim02s4ya71.png?width=828&format=png&auto=webp&s=0f6330651fb07725e3a77488fa3248026364cd24 + +# Gme starting to get momentum + +[https://news.gamestop.com/news-releases/news-release-details/gamestop-expands-fulfillment-network-new-facility-york](https://news.gamestop.com/news-releases/news-release-details/gamestop-expands-fulfillment-network-new-facility-york) + +As Gme said in may "we got a new fulfilment center", less than a month and a half later it's up and running, just to get an idea this is something that usually takes months and doing it so fast... damn now that's impressive! + +&#x200B; + +https://preview.redd.it/q2ccgsju5ya71.png?width=828&format=png&auto=webp&s=526f57d4006994fce997cb034be805ef6466b500 + + + +# COVID-19, The CARES Act, and Undeniable Greed: The Story of How Wall Street Tried to Bankrupt Businesses with Money Meant to Save Businesses (GME Centric) + + u/Freadom6 wrote a DD [here](https://www.reddit.com/r/Superstonk/comments/oiwpxj/covid19_the_cares_act_and_undeniable_greed_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) on how multiple things may tie into each other, it's a good read so give it a once over ;) + +&#x200B; + +https://preview.redd.it/yxlwpgxx6ya71.png?width=977&format=png&auto=webp&s=c192a42faa8e37a9d2486235623781a21561a6c1 + +# Seems there is a pattern to be found + +[https://www.reddit.com/r/Superstonk/comments/oix58q/gme\_seems\_to\_mirror\_itself\_almost\_straight\_from/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/oix58q/gme_seems_to_mirror_itself_almost_straight_from/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +it seems that pwnwtfbbq has found some correlations between the movement that GME has had and is currently having. + +&#x200B; + +https://preview.redd.it/xgw7t1qp7ya71.png?width=640&format=png&auto=webp&s=ffe4603f5b7c8bb809bd6363b62cd8ac4e987268 + +Again the pictures look promising but we'll have to wait and see her Maths to know if it's true or not. + +&#x200B; + +# Banks earnings are this week + +&#x200B; + +https://preview.redd.it/k0il20dh7ya71.png?width=640&format=png&auto=webp&s=e671e0007853c271c3a2ad61644b39d86d9d5014 + +This week we'll see the banks post their earnings, along with the BLS and CPI data for june should be published today. + +&#x200B; + +https://preview.redd.it/tlfalim18ya71.png?width=640&format=png&auto=webp&s=50bd2bbacec4500024c581e2fd84df418eb16dfd + +# Peek-a-Boo + +[30 million shares are due](https://www.reddit.com/r/Superstonk/comments/oiemiu/peekaboo_i_see_30m_hidden_shorts_coming_due/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +&#x200B; + +https://preview.redd.it/37bmvy6f8ya71.png?width=554&format=png&auto=webp&s=98004650fadbcc29e5e088b90dcd3afb09e05766 + +# 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/q4inkegh8ya71.png?width=400&format=png&auto=webp&s=83c8c95d4d90ffcbf6692bd7a983bc419578f8d8 + + + +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) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +&#x200B; + +Also for the people who keep commenting "nothing new", congrats dude it's a roundup of the information I've seen for the past day, this is for people who may have busy lives and don't have the time to browse the sub all day every day, and making sure they also have the same information as we have. +This is supposed to be like a paper, a roundup, not a new DD +Welcome to the Daily Discussion [Moontalk] 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 free and relaxed than 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 inside 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. +- Important news worthy content is not permitted here and should be submitted as a separate post. + +*** + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +I've been searching on this subject for a while and all the answers I find seem like they've been copied and pasted straight from a textbook, and not offering anything more than "Supply and Demand". + +I work on programming and implementing databases, and I want to learn the inner working of pricing a stock, and how Nasdaq decide the price of a certain company. + +Do different financial institutes price the same stocks differently? Is the pricing centralized (As if one entity decides the price and everyone else like CNN Markets and Investopedia get the price from them)? + +Edit: Some comments referred to another post, which still didn't answer the question. + +Someone in that post phrased the question better than me (English isn't my mother tongue) so I'll just paste it here: + +>It looks like OP understands that the *mechanism* of how stocks change on the stock market, which is what you explained. They want to know (and I'm also interested) what organization implements this mechanism. Like, who "manages the auction"? Who "owns the house the auction is in"? How do these "managers" make money? Are they a government entity that pays its employees through taxes? Do they make some money off of each stock transaction? +> +>Do you have an idea or if you don't do you know where I might find more info on this? Thanks! + +&#x200B; + +[https://www.reddit.com/r/AskEconomics/comments/w563km/comment/ihugewb/?utm\_source=reddit&utm\_medium=web2x&context=3](https://www.reddit.com/r/AskEconomics/comments/w563km/comment/ihugewb/?utm_source=reddit&utm_medium=web2x&context=3) +DD creators in this sub have basically exposed the stock market as a completely fraudulent system. This shit is a literal multi-trillion dollar scam designed to keep rich people rich at the expense of the poor. And absolutely no. one. knows. It’s a CRIME that the only way people are able to become aware was from some subreddit with about 0.001% of the population in it. This has to stop and it has to stop now. +&#x200B; + +https://preview.redd.it/xsswlws4ol471.png?width=1600&format=png&auto=webp&s=558b04ade84e360e8b261b2920e4a1029234320b + +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/b55a4qk6ol471.png?width=680&format=png&auto=webp&s=2c8631147372ac92efd6b5bebe97fcbf6296828e + +# You get a reverse repo, you get one, everyone gets one! + +&#x200B; + +https://preview.redd.it/kwcoif2lol471.png?width=640&format=png&auto=webp&s=a0ed060a09ae96513d640e101c23393c145a163d + +Reverse repo's have hit a all time high again for the 5th day in a row? + +I remember reading there was a 500 B maximum or 80 B per participant max, but then again what is 4 trillion split among friends right? + +Also because there seems to be some misinformation regarding repo's lets check it real quick + +*In a macro example of RRPs, the Federal Reserve Bank (Fed) uses repos and RRPs in order to provide stability in lending markets through open market operations (OMO). The RRP transaction is used* ***less*** *often than a repo by the Fed, as a repo puts money into the banking system when it is short, whereas an RRP borrows money from the system when there is too much liquidity. The Fed conducts RRPs in order to maintain long-term monetary policy and ensure capital liquidity levels in the market.* + +Source: [https://www.investopedia.com/terms/r/reverserepurchaseagreement.asp](https://www.investopedia.com/terms/r/reverserepurchaseagreement.asp) + +A lot of people here seem to think that the fed is lending the hedgefunds money but this time its the other way around, the feds are the ones taking money and not lending it, but again seeing that it has a 0.0% award (no motivation for the others to participate) I believe they are "parking" money there because there is nothing out there that's a better spot. + +Seeing a lot of people (like big brain Dr. Michael Burrrrrry) believe there is a huge market crash coming, it may be one of the better places to park your money because even if the rest of the market goes bust, the government (fed) will still have most of your money, so the reverse repo could in theory be used as a hedge against a market crash. + +(or as I believe may be the problem, hedgefunds like Citadel going bust would cause a "contagion" effect once they go bust, resulting in an overall market crash) + +&#x200B; + +&#x200B; + +[thanks to u\/Shiba\_me\_timbers ](https://preview.redd.it/btg538upql471.png?width=855&format=png&auto=webp&s=31c37a5ae0d163bcfee15ef33c6aa6b5ba8afbf9) + +# New fair value for the stonk + +Morning star has released their new "fair value" estimation for the stock. + +it currently sits at 315.98 usd per share, meaning that by todays estimates of the stock (current price is 231.80) is heavily underpriced. + +But that dip yesterday... hmmm gme said they may offer 5 million more shares right ? and the float was 70.7 million shares + +**Addendum:** + +it seems that the ortex data picture was debunked so I've removed it, as we can not confirm this is indeed a share offering or not (the filing is worded in a way that they reserve the right to do so and this is very normal for any annual meeting docs, then we don't know if and when they will be offered) so the next segment will be crossed out as I no longer believe these parts to be correct + +~~Seems GME has added 3.57 million shares yesterday, meaning that today they can offer another 1.43 million shares, we get a massive dip and most likely see it rebound back to (at least) the minimum fair value.~~ + +And I'm currently still going through the filings from the annual shareholder meeting, but this would give them over a billion dollars extra bringing up their cash in hand to almost two billion usd. they could use that money for an extremely big variety of reasons, they can buy other companies, they can expand in certain areas they're not currently in or even pay for a special dividend + +filing that seems to be connected to this: [https://www.sec.gov/Archives/edgar/data/1326380/000119312521186802/d34311dex51.htm](https://www.sec.gov/Archives/edgar/data/1326380/000119312521186802/d34311dex51.htm) + +One thing that I also believe that may be an option as of right now but is extremely tinfoilling hard. + +Currently RC owns 12% and had a deal with the old board that he wouldn't buy more then 20%, perhaps with the new board in place his deal gets changed and he can buy more than the originally agreed 20%, or with the new share offering he can buy those and get up to the 20% mark and not be in breach of the contract. + +Again that last part is pure speculation on my end and have nothing to back that up with. + +&#x200B; + +https://preview.redd.it/9hnrxszksl471.png?width=600&format=png&auto=webp&s=dac32185118bf43ea270fe72c60424c5a2d004f0 + +our in house exponential floor guy u/JTH1 has been doing a chart for some time now and god damn it holds up... + +https://preview.redd.it/7blmqibrsl471.png?width=640&format=png&auto=webp&s=2637348278dd874bea3a6dc114c6effdca595577 + +in his own words: + +**06/10 UPDATE: Broke the log-floor by \~1% ( \~5% in linear price scale ). I'd say that's within the reasonable margin of error for an equation I eyeballed \~4 weeks ago,** + +he originally made this weeks ago and posted [here](https://www.reddit.com/r/Superstonk/comments/ng2uzn/exponentially_increasing_floor_confirmed/) on how the floor is linear and exponential and other smart brain talk but, seeing he eyeballed this motherfucker 4 weeks in advance within a <1% margin of error... he may be the most wrinkly log ape we have here. + +&#x200B; + +https://preview.redd.it/runh2auqtl471.png?width=860&format=png&auto=webp&s=bb2a62fb4300e7c9a96772b2e8a0ee153404e7e7 + +# Melvin loses more paper... again + +[https://www.ft.com/content/ca1090ba-c3aa-446c-8406-7ce0e01bb510](https://www.ft.com/content/ca1090ba-c3aa-446c-8406-7ce0e01bb510) + +Remember until they close out their positions all these losses you hear about are losses on paper alone. + +# + +# Looks like the SEC finally has a porn blocker + +[https://twitter.com/domocapital/status/1403071172141531138?s=27](https://twitter.com/domocapital/status/1403071172141531138?s=27) + +"At a Wall Street Journal conference earlier this week, Gensler said that the agency was looking at how an increasing proportion of trading occurs off exchanges, on platforms run by high-frequency traders." Now we know where Gary gets his DD: r/Superstonk + +Rememeber that 10Q filing ? + +[https://gamestop.gcs-web.com/node/18951/html](https://gamestop.gcs-web.com/node/18951/html) + +&#x200B; + +>On May 26, 2021, we received a request from the Staff of the SEC for the voluntary production of documents and information concerning a SEC investigation into the trading activity in our securities and the securities of other companies. We are in the process of reviewing the request and producing the requested documents and intend to cooperate fully with the SEC Staff regarding this matter. This inquiry is not expected to adversely impact us. + +&#x200B; + +&#x200B; + +https://preview.redd.it/0ovnjmrmul471.png?width=480&format=png&auto=webp&s=3367ab839ebf5b50ba5d72f358001f1bbb181b4f + +# Inflation is up once more + +[https://www.theguardian.com/business/live/2021/jun/10/markets-us-inflation-european-central-bank-meeting-ftse-sterling-covid-uk-economy-bt-altice-business-live](https://www.theguardian.com/business/live/2021/jun/10/markets-us-inflation-european-central-bank-meeting-ftse-sterling-covid-uk-economy-bt-altice-business-live) + +&#x200B; + +And remember everyone the weekend is upon us, go outside have some fun, there is no need to fight the trolls/shills here in the weekend ;) + +go and have some fun + +&#x200B; + +https://preview.redd.it/6prxhq2mvl471.png?width=554&format=png&auto=webp&s=c5a5fd40d4f3afbfec73b0fd314071129690adac + +# 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/z5pmcmgovl471.png?width=400&format=png&auto=webp&s=51f5c8819f388d55b47f218bada2e3890851b2be + +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) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +&#x200B; + +Edit: AnnulationGod's daily tracking of the volume + +https://preview.redd.it/soyiftgpwl471.png?width=4096&format=png&auto=webp&s=20670783d1265620d677c4034e2404bf33ced9cc + +Edit 2: + +Due to a mix up on my part earlier (i included an Ortex image which was debunked) there have been some posts about the amount of shares + +**Credits:** [u/karasuuchiha](https://www.reddit.com/u/karasuuchiha/) + +>Edit: I want to be clear the dip can be both the ETF Shorting and a Gamestop Offering, but 🦍s wouldn't find out until well later during a quarterly report or announcement if Gamestop sells any shares. +From an 🦍, the increase is from shares for the CEO and CFO, Shares sold from the offering won't be shown if any have been sold , atm we only know of Kenny doing the dip via ETFs and Mayo. +Extra Data: +The 71.9 (estimation so 71.8) Million shares is also in Gamestops 2021 Financial News Release +"On April 26, 2021, the Company announced it raised approximately $551.7 million in net proceeds through the issuance of 3.5 million shares of common stock under its “at-the-market” equity offering program, resulting in total shares outstanding of approximately 71.9 million." + +**Credits:** [u/hudnetj23](https://www.reddit.com/u/hudnetj23/) + +>The part about the offering seems wrong. I don't know how to raise awareness about this other than commenting. I wrote you a message fering. The shares outstanding was 74.2718 but they recently restricted 2.436M shares which I presume to be for the CEO, CFO and Board members. +Per Prospectus "The number of shares of our common stock to be outstanding immediately after this offering is based on 71,815,131 shares of our common stock outstanding as of June 1, 2021, including 2,435,881 shares of restricted common stock which are subject to forfeiture or our right of repurchase as of such date." +"Common stock to be outstanding: Up to 76,815,131 shares (as more fully described in the notes following this table), assuming sales of 5,000,000 shares of our common stock in this offering." +Source: sec.report and my bloomberg terminal. We won't know once the ATM offering is complete until they file with the SEC + +Thank you guys for giving feedback so fast and making sure we keep the info accurate + +Team work makes the dream work! Thank you! +Anyone read this? + +https://www.google.com/amp/s/www.forbes.com/sites/zackfriedman/2020/04/17/cancel-rent-mortgage-payments-coronavirus/amp/ + +I find the proposal a bit disturbing. Complete stop on rent payments and mortgages for primary residence for up to 1 year. Looks like landlords would eat the cost, but a fund would be set up where they CAN be reimbursed IF they agree to all sorts of terms. + +As someone who has been through government relief funds in regards to severe hurricane damage, it was a mess. Everyone competes for a limited pot of money, there is lack of oversight on how to fairly disperse funds, there were endless hoops to jump through and each step had to be repeated multiple times because they kept losing documents... etc. In the end, my family did receive some relief, but it was many years after the fact, and certainly didn’t come close to covering the cost of what was lost. In fact the final number they received was about half of what they were originally promised several years earlier. + +Overall, this would be very concerning for the rental industry. I am sure a lot of people couldn’t float the cost of their rental units for 6m-1y while waiting for reimbursement, if it came at all. I am guessing this won’t pass anyway, but definitely something to keep an eye on. +EDIT 1: As comments have pointed out below, logging in might make you more vulnerable to the issue depending on the cause. One alternative may be to call their automated system to determine the latest transactions on the account and if any unauthorized transfers have occurred. + +EDIT 2: Changed some language in the post below to be more consistent with the point in EDIT 1. From comments, it sounds like Chase believes the issue may be limited in the number of people affected, which I hope is the case. But I am also doubtful of how the issue is being portrayed as the Bloomberg article states that Chase said it "doesn’t know of any unauthorized transactions," which is definitely not accounting for the unauthorized transaction that occurred on my account at the exact same time as the login issue (they confirmed by phone that the timestamp of the transaction was during when I had the login issue). I would also like to know more information from Chase regarding how it determined the issue was resolved as it stated to Bloomberg. I hope they are not assuming that the issue is limited to just those who notice and report the issue and instead undertake a full investigation, as reported instances would likely be a subset of the people actually affected. Regardless of how widespread the issue (i.e. the number of accounts affected) it seemed the potential consequences to an individual could be severe, as it appeared to provide full access to another person's account, which could be how the funds were transferred from my account as well. As noted in comments, there are fraud protections so hopefully that will mitigate this (I am definitely relying on those protections to have my own funds restored). + +ORIGINAL POST: +I wanted to provide this warning if you bank with Chase about an issue that happened to me on a recent log in to their online system. On Wednesday afternoon/evening, I logged into the online banking system using my own account information and the Chase system instead logged me into an entirely different person's account, a person I have no knowledge of. When I logged out of the account, and logged in again using the same account info, I was then able to access my own account, only to find out an unauthorized transfer had occurred in the last 20 minutes. If it had only been an unauthorized transfer from my account, I would have assumed that my account information had been hacked or stolen. But that would not explain why Chase's system directed me to another person's account (granting access to their transactions, username, personal information etc) when I attempted to log into my own account using my account information. Within the past day, I have heard of another person having what sounds like a potentially similar issue. When I called Chase to resolve this issue, I found out that there was an internal memo about this issue and they were experiencing abnormally high call traffic which I would guess to be related. This is just a warning and heads up in case it could be affecting you as well. +**Foreword** + +Before I begin this post, (this was initially designed for reddit but will be posted on HC too). For those unaware of IHL, I made a public summary in November 2020 on both reddit and HC back when the SP was 11.5c. You can find this writeup here. + +[https://www.reddit.com/r/ASX\_Bets/comments/jz5jm8/asxihl\_incannex\_healthcare\_biotechmedicinal/](https://www.reddit.com/r/ASX_Bets/comments/jz5jm8/asxihl_incannex_healthcare_biotechmedicinal/) + +A more updated and comprehensive writeup was written by a friend of mine, who is a professional trader and in the stockbroking industry who posted this massive writeup January 2021. If you are new to the stock and haven't read up yet, **I strongly recommend you to sign up and read the article to catch up on everything before jumping into this post.** You can find it here. + +[https://tradingformillions.com/were-back-folks-why-incannex-healthcare-is-growing-into-the-next-billion-dollar-behemoth/](https://tradingformillions.com/were-back-folks-why-incannex-healthcare-is-growing-into-the-next-billion-dollar-behemoth/) + +As per the title of the post, there is a lot that has happened with IHL over the past few months. In particular, the BOD made an **absolute master-stroke** recently, and it is my opinion that IHL shall soon enough be dual listed on the NYSE/NASDAQ and shall be valued as a US company on US markets, which boast far higher valuations than ours on the little old ASX. Let's begin. + +**EAS Advisors LLC** + +IHL appointed EAS Advisors LLC to facilitate a US listing on a MAIN MARKET. Not the shitty OTC markets that barely have any impact on their ASX counterparts, but a main market like the NYSE or the NASDAQ. It is my opinion that it will likely be the NYSE for a number of reasons. + +You can read the full announcement here. + +[https://stocknessmonster.com/announcements/ihl.asx-3A561000/](https://stocknessmonster.com/announcements/ihl.asx-3A561000/) + +The Principal of EAS Advisors is none other than Eddie Sugar. Eddie is a prominent Jewish Banker based in New York City, who has an incredibly extensive network and is tasked by IHL with facilitating introductions to US banks and institutions, with the aim of dual listing IHL on a US Main Market (NYSE/NASDAQ) + +Prior to the founding of EAS, Eddie was the Managing Director of Jefferies & Co. in New York from 1999 until 2008, responsible for international equity sales and trading. + +Prior to Jefferies, Eddie worked as Managing Director for Marc Rich & Co. in Sydney, Australia and as a personal and private advisor to Solomon Lew and his associated companies out of Melbourne, Australia. + +Eddie and EAS are incentivized by IHL with **10M 20c options and 10M 25c options.** As of time of drafting, the SP of IHL is 22c, but I will be posting this on 17/02/2021. + +**Twiggy Forrest?** + +Eddie is notably famous for being the man to promote Fortescue Metals (ASX:FMG) over to the US in 2003. Eddie knew Twiggy Forrest from their time together at Anaconda, and when Twiggy and FMG seemed to be in a dire situation and required capital and interest from overseas when none locally would back a seemingly failed entrepreneur like himself, Eddie stepped up to deliver. He helped promote the story of FMG to US institutions and investors, and raised capital to clear the debt of FMG. We all know what has become of FMG and Twiggy Forrest today. But not many know about the critical role of Eddie Sugar in ensuring that became a reality. + +Eddie can boast the likes of Twiggy and other billionaires in his network, and it is completely warranted to say that for a small cap stock on the ASX, this is almost unheard of. There is no doubt that Eddie Sugar and his team at EAS Advisors wouldn't stake their stellar reputation on a company that didn't have the ability to go the distance. + +**US v. Australia** + +There is a stark difference in the way equities are valued on the ASX versus our American counterparts in the NYSE and NASDAQ. Valuations are immensely higher there, partially due to the market size being the largest in the world and partially due to the willingness to partake in risk compared to Australian investors. As explained earlier, Twiggy Forrest needed Eddie Sugar to provide capital from US investors when no one else in Australia would believe in him and FMG. Eddie and the US Investors in his network were more than happy to support Twiggy, taking on more risk than most would be willing to chew investing in what was at the time a speculative mining company in Western Australia on the brink of being crippled by debt and unable to raise capital to continue further. + +If IHL is successful at dual-listing on the NYSE or NASDAQ, I would consider them a US stock and they should be valued as such. IHL mainly engages in cannabinoid drug development, and also in psychedelics endeavours. Thus they should be considered to be both types of companies. IHL's peers in US markets are currently valued much higher than itself, and demonstrates the difference between US investor appetite and risk tolerance compared to Australians. + +Keep in mind that IHL is also the FIRST MOVER for psychedelics in Australia, EMD has now since made aspirations to engage in psychedelics clinical trials but IHL was the first and more advanced and has Dr Paul Liknaitzky on our medical team to advance the trials, a world class researcher and the current leading authority on psychedelics in Australia. + +The NYSE has four standards which only one has to be met. The standard IHL could meet is a 200M USD global market capitalization. In AUD, this would mean 257M. The share price would be there at 25c. Not very far away at all. It is also possible IHL can list on the NASDAQ, like its biotech peers IMM, GTG. + +**North American Peers** + +**I: Compass Pathways (NASDAQ:CMPS)** + +Compass Pathways is currently valued at $1.8B USD, and had highs of over $2B USD. Which would be $2.3B AUD. They are currently conducting a Phase 2B Clinical Trial using psilocybin therapy for depression across 21 sites in 10 different countries. + +**Compass has over 10 bagged since IPOing in September 2020.** + +[https://ir.compasspathways.com/static-files/542bb3a1-c0e6-4f1b-87fa-5fd4f2fb7a6d](https://ir.compasspathways.com/static-files/542bb3a1-c0e6-4f1b-87fa-5fd4f2fb7a6d) + +In relation, IHL has planned Australia's largest ever clinical trial of psilocybin therapy for anxiety in collaboration with Monash University. This would be a Phase 2 trial and whilst a ways off from recruiting and commencing, the similarities to Compass are obvious. + +**II: MindMed (MMEDF:OTCQB)** + +MindMed boasts a valuation of $900M USD, and had highs of $1.27B USD. This would be $1.16B AUD. The company is engaging in LSD assisted therapy for anxiety, and is currently in Phase 2A of clinical development. Furthermore, they have successfully completed a Pre-IND meeting with the FDA for this project. + +[https://mindmed.co/news/press-release/mindmed-announces-successful-completion-of-pre-ind-meeting-with-the-fda-for-project-lucy/](https://mindmed.co/news/press-release/mindmed-announces-successful-completion-of-pre-ind-meeting-with-the-fda-for-project-lucy/) + +IHL is engaging in a similar task with its psilocybin assisted therapy for anxiety, and will certainly seek out the FDA for a Pre-IND meeting just like MindMed when the time is right. IHL is actually about to meet with the FDA along with their consultants Camargo for a Pre-IND meeting regarding their drug IHL-675A for ARDS. A successful meeting with the FDA here would be immensely valuable to the future. + +**III: Cara Therapeutics (NASDAQ:CARA)** + +CARA is a clinical stage cannabinoid biotech company, which boasts a valuation of $1B USD. This would be $1.28B AUD. They have multiple clinical assets being developed, some in phase 2 and others in phase 3 human trials including post-surgery pain, itchiness and chronic kidney disease. + +IHL is similar in that they are targeting markets such as ARDS, Obstructive Sleep Apnea, Traumatic Brain Injury and Asthma with TAM over $1B each. The former three have no existing pharmacotherapy and therefore no drug related competition. This cannot be said for CARA. However, CARA is significantly more advanced being in Phase 2 and 3 human trials whilst IHL has completed the preclinical stages for ARDS and TBI, and is looking to progress to human trials. For OSA, IHL is currently recruiting for a Phase 2B human trial and looks to commence that imminently. + +**IV: GW Pharma (NASDAQ:GWPH)** + +GW Pharma was the leading company in the world for cannabinoid biotechs, creating the world's first legally approved cannabinoid medicine Epidiolex. **It was bought up by Jazz Pharmaceuticals for a total of $7.2B USD. This buyout had two huge ramifications for the industry.** + +Firstly, it created a valuation for a single cannabinoid based drug who had only engaged in a few years worth of sales. + +Secondly, it validated the idea that Big Pharma was interested in Cannabinoid based drugs, and that it was no longer just a pipe dream and **novel** CBD based drugs could indeed be considered worthy by Big Pharma. + +IHL is heading down this route with 4 different target markets and drugs unlike GW Pharma's one, with the addition of its psychedelics endeavours that add enormous amounts of value to the company. Whilst a very long ways off from GW Pharma and their achievements, it is obvious what IHL is attempting to do. US Investors understand this, and in my view far more than the ASX which loves the big banks and digging metal out of the ground. + +**Final Thoughts** + +IHL is developing a portfolio of clinical assets that appear appealing to Big Pharma. This thought is backed by the decision of IHL to create novel cannabinoid drugs in areas where there is no existing pharmacotherapy. However, with new advancements into the psychedelics sphere and the decision to engage further in markets such as Asthma IHL is expanding its horizons significantly. + +If IHL is successful at even one of their pursuits, it is obvious that there is another potential GW Pharma in the making here. + +**Even before commercialization possibilities, IHL is arguably an amalgamation of Cara Therapeutics, Compass Pathways and MindMed. All three boast roughly $1B USD market capitalizations. What does that make IHL theoretically worth? Currently sitting at a measly $230M AUD MC.** + +**Connect the Dots. IHL has assembled a world class team, with top tiers across all roles. Eddie Sugar was a master-stroke, and if dual-listing is successful there is no doubt that this stock is heading to $1 aka $1B+ AUD market capitalization and further beyond.** 🚀🚀🚀 +I am 100% DRS’d and constantly buying these beautiful dips to increase my position! + +It is incredible that GameStop included direct registration numbers in their last report and that’s the only thing Apes should be concerned with! + +Making that number as high as possible is the only thing that matters! + +This sub loves high scores and that is the only one that should have attention! + +MOASS is inevitable! It is only a matter of time and I have all the time in world. + +Buy the dip! Brick by brick! DRS 100%! Sit back and watch Hedgies get Fuk’d! + +Edit: Holy downvotes, someone doesn’t want this being seen! +So I'm not new to crypto and Blockchain technology. However I have not been paying super close attention to what's been going on. Does anyone have any clue why people are paying hundreds, and even thousands, if not hundreds of thousands of dollars for stupid little pictures (NFTs)? I understand that the pictures are "unique" as non-fungible tokens are well, non-fungible. I spent a few minutes on opensea and I just can't imagine paying $215 for an 8 bit viking with a stripe shirt. Valuable art usually has some type of historical value to it. I understand why Davinci pieces are expensive. Do people really believe that buying these NFTs means they're going to hold them and get rich off them later on? Because to me it looks like the only people getting rich are the ones getting away with selling them first off and leaving the bag with the buyers. +https://www.marketwatch.com/story/fitch-warns-of-possible-downgrade-to-us-aaa-credit-rating-if-shutdown-persists-2019-01-09 + +> “I think people are looking at the CBO (Congressional Budget Office) numbers. If people take the time to look at that you can see debt levels moving higher, you can see the interest burden in the U.S. government moving decidedly higher over the next decade,” James McCormack, Fitch’s global head of sovereign ratings told CNBC’s “Squawk Box Europe” Wednesday. He said analysts at Fitch want to see a fiscal adjustment to offset the borrowing burden. + +> At an event later in London, McCormack added, “If this shutdown continues to March 1 and the debt ceiling becomes a problem several months later, we may need to start thinking about the policy framework, the inability to pass a budget... and whether all of that is consistent with triple-A,” CNBC reported from the event. +The HSA can be triple tax advantaged if you use the funds eventually for medical expenses. Pre-tax contribution, tax-free growth, tax-free medical expenses. + +If after 65, you can use HSA for non-medical expenses, but will be taxed. So 1 out of 3 of the tax advantages is gone. + +I've seen common thinking to just let HSA grow with it's tax advantages, pay for medical expenses out of pocket now, but save those receipts for later. So you can get more out of the tax free growth. + +This seems bonkers to me. Who is saving and keeping track of medical receipts for 30+ years? +https://www.cnbc.com/2021/08/21/proposition-22-court-rules-california-ride-hailing-law-unconstitutional.html + +A California judge on Friday ruled that a 2020 ballot measure that exempted ride-share and food delivery drivers from a state labor law is unconstitutional as it infringed on the legislature’s power to set standards at the workplace. + +Proposition 22 is unconstitutional as “it limits the power of a future Legislature to define app-based drivers as workers subject to workers’ compensation law”, which makes the entire ballot measure “unenforceable���, Alameda County Superior Court Judge Frank Roesch wrote in the ruling. + +Gig economy companies including Uber, Lyft, Doordash and Instacart were pushing to keep drivers’ independent contractor status, albeit with additional benefits. + +The ballot measure was meant to cement app-based food delivery and ride-hail drivers’ status as independent contractors, not employees. + +Known as Proposition 22, it marked the culmination of years of legal and legislative wrangling over a business model that has introduced millions of people to the convenience of ordering food or a ride with the push of a button. +Hi! +Bit of a beginner question here since I'm not able to visualize this at all. + +There's a house on the market for around 600k (German city, outside the center) that I have an eye on. A friend bought something similar a couple of years ago at <1% interest rate fixed for 15 years or so. +I would be looking at a rate of about 4% at the moment I think. +If I were to compare what my friend is paying for her loan vs what I would pay now, what exactly would be different? Monthly rate, total interest, length of repayment, all of the above? +Is there a tool to calculate exactly what the differences are based on the interest rate? +Ultimately I want to know how much lower of a price I should be looking at. + +Also, if interest rates go back down is it normal to refinance and get a new loan at a lower rate? +Hi Fam, mass at work / peers always ask me why I don't buy my first home ? I simply said that I hate debt, hate being a slave for 30 years and my capital could be used towards something else better. I started talking about stonk's having around 6 figures worth and trying to aim FIRE with 7 figures by 45, they all saying it's risky... I said that losing your job and having a mortgage with kid's is more risky, there's no guarantee I will keep the house ⠀and kid's but my stonk's will be with me for life \*\*HODL\*\*. They all look at me like I'm some sort of retard, but then they go and congratulate a person using 20x leverage to buy a piece of box. Who's the autist ? +A lot of wishes and praise for a crash and mentions of an unproductive asset, but imagine saving 100k for a deposit, buying a house because renting is literally shit in this country, then it’s 100k less in two years. + +Is it really that hard to see why people don’t want their most expensive purchase in life to tumble in value? + +It’s getting really annoying seeing the “haha! Stoopid homeowners, I’m gonna buy ya house off you in 2 years time because you can’t afford the loan anymore!!! Yeah, baby! Bring on the crashes!!!!!”-posts. + +Anyway, downvote me into oblivion, just thought I’d share another opinion. + +*EDIT* A lot of replies saying “you own a house, so what if it’s worth 50% less in 10 years? You don’t lose anything unless you sell” + +All the people that bought before 2019, yeah, I get your point. They all got huge capital gains. They can stand a few bucks off their net worth. + +I’m just saying if you had to borrow 600k, when if you had waited for a year, and you only had to borrow 400k, making your 30 year mortgage a 15 year mortgage, that’s 15 years of unnecessary repayments that you could’ve had another kid with/seeing the world, spent on your life somehow, or whatever. + +That’s my point. +I’m a 30W in NY, planning on getting married later this year. Given the current economy and possible housing market crash, I am trying to determine what’s the best way to use my money in the next coming years. + +A little background: + +- 100K saved by the end of the year +- 70K in investments +- 115K in student loans + +Whichever option I choose, it will take me 3-5 years to build back that amount of money again. Especially since rent in New York is at least $3,400. + +At first, I figured the best thing to do would be paying off my student loans before getting married so there is less expenses for my fiancé and I to think about once married. + +With the recent stock market and potential housing market (no, I’m not automatically assuming it’ll crash, haha), I am wondering if I should switch my plan and focus on purchasing a 3-family investment property. + +My thoughts are, if I own a property and can rent out the other two units, that should cover the mortgage. Then I would be paying ~$800 student loan per month, rather than paying off my student loans and paying ~3K-4K/month. + +EDIT: Just to add a bit more info. I wouldn’t be purchasing the property right now. I would just hold onto the 100K and continue to save through 2023-2024 until I’m closer to the number I’d feel financially comfortable (~200K-250K). The reason I’m thinking about all of this now is due to the SL extension and potentially taking advantage of that before (if) interest starts to accrue. In other words, it’s use the money now or hold onto it for the property in 1-2 years. + +Any advice would be great. Thank you in advance! +Hey guys, I was just thinking about how Peter Lynch talks about boring businesses in one up on wall street. I feel like I currently don’t have a company in my portfolio that I would consider boring. To say it different, I don’t think I own a company which I could sufficiently describe to you in under a minute. Obviously there are such companies, but are there any great business from a valuation standpoint at the time? +Looking through balance sheets, we notice an item called deferred income tax. + +* If in the assets side, it means the business has overpaid taxes in the previous years. +* If in the liabilities side, it means the business has underpaid taxes in the following years. + +If it has overpaid taxes, I believe that it will get some tax reduction in the next fiscal year. + +**But why would a company overpay taxes considering the time value of money? Wouldn't it be better off investing in its projects or at least earning the riskfree rate in liquid securities? Why would it be giving the government "free money"?** + +I noticed Coca Cola has deferred income tax in the asset side and it never really made sense to me. +I've had a renter since Nov 2020, you can imagine that since then the increase an costs have been real, pool cleaning cost rise and my property taxes have me making maybe 50$ a month in profit after its all said and done and I raised the rent $50 Jan 2022. + +The good; he's a traveling construction PM who lives alone and is in the house maybe 50% of the year. The house is in the exact same shape I left it almost 2 years go. + +The bad; obviously I need to raise the rent. I think by at least $150 to get up to market rent+buffer for myself. + +Should I just hit him with the $150 incrase Jan of 2023 or keep creeping up to it. + +Thanks. +I'm new here and this is my first post. Just wanted to thank Theta Gang for introducing me to the wheel strategy on YouTube. I sold puts on MARA on May 10 at $28 for $1.75 premium. MARA proceeded to tank after Elon's comments and I got assigned. The next week I was trying to be patient before selling a two weeker and waited too long. May 24 I sold a 3 week CC at $29 for $1 premium which expired worthless. Then this week I sold $30 CC for $2 premium, my best week so far, which also expired worthless. So in total I made 475 on 2800 investment in the last six weeks, and I still have my shares. Looking forward to selling again Monday. Thanks again for introducing this to me. I'm just mad I didn't hear about it sooner. +So, as a topic of conversation, can any of you think of any reason as to why Michael Burry may have just deleted all of his [tweets](https://twitter.com/michaeljburry)? +As the title says, both my parents have retired from their jobs today. They will be getting significant lumpsums for the their pensions. There will be monthly stipends also (though this will be quite low). + +Now, we have enough savings, and I am salaried, so it's not going to be difficult managing monthly expenses. What I am struggling with is how to decide what to do with the lumpsums. Parents are thinking of investing in mutual funds. I think it's better to invest in real estate. A lot of businesses are coming up in our city, so I think it's a good time to acquire a commercial place and rent it out. Parents are not convinced. Also, I am not really a financial genius anyway. + +So, my question is - are there any financial planners (not sure if this a valid term) that can help us manage our finances? Somebody reliable, with an established practice? We live in Guwahati, if that helps. + +Made the same post in r/india also. Somebody told me to come here. + +Have a happy 2022, and thanks in advance! + + +EDIT: Thanks everyone for taking the time to write out all the suggestions and tips. You've definitely given me a lot to think about. +The title is succinct enough + +Tomorrow starts the last week of the Q4 for GameStop, AND the last day to use your gift cards. + +If we wanna see a really batshit crazy number of DRS'd shares next report, investors are asked to hasten their DRS process if they see it fit and they're willing to do so by their own volition. + +The attitude one must have here and in life is a proactive attitude, one has to make things happen. + +Without actions there can't be consequences, it's better to have a bad plan than not at all. + +&#x200B; + +C'mon, look mad and put your game face on - pun very much intended. + +Have a great Sunday guys, go outside and fling some shit, don't stay home all day + +&#x200B; + +Peace +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 recently interviewed for a new team build up, looking to hire new/recent grads. As background i run an operations team at an international investment bank with around 60 direct and indirect reports in three countries. + +1) Make your resume look professional - there are plenty of resources out there to get a template from. It is the first place people will get to see anything about you, so make it good. + +2) If you dont have a lot of work experience yet, spend more time on the education piece of your resume to show the leasons you have learnt. There is no need to try an convince me that mowing lawns on the weekend told you more about the job than your advanced finance course + +3) If there are parts of the job description you dont have experience in previously, find an online course, and tell the interviewer you have taken it. Something along the lines of "whilst i dont have a lot of experience with equities, i have just taken this course to help learn more". Shows you are able learn new things, and are proactive. + +4) Be prepared to talk about yourself for 5 - 10 minutes, working your way up your resume, hitting the important parts. If i interview two people, one who is able to carry some of the conversation and the other i feel like i am pulling teeth to get information from, i know which way i am going. + +5) Be prepared to ask questions, and prepared to respond to the answer. Too many people think it is enough to just ask the question, when what people want to see is the follow up of "yes, thats why i think my experience here is so good because XYZ" + +6) Have a very good answer for why you want the role, and interview for that role. I dont want to hire you into my position just so you can job search internally after the first week. + +Plenty of other things, but these are the first that came to mind. Feel free to ask any other questions you might have - 20 interviews in two days means i have a lot of examples +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Power is a funny thing. You only have it when you believe you have it. And those in power only retain it as long as everybody else believes they have it. + +Of course our enemies continue to have their hands on true levers of power across various agencies and institutions. But those levers, in this play, are fleeting. + +Those levers, however many times pulled, change nothing about the true foundational power dynamic from the very beginning of this sordid drama. + +That dynamic is that retail owns the shares its enemies need, and as long as retail refuses to sell those shares retail owns 100% of the power in the power sharing scheme. + +That’s why they’ve been so desperate to make you feel insignificant and utterly powerless over the last 16 months ape. It’s because they know the reverse is utterly true. They are utterly powerless as long as retail continues to diamond hand those synthetic shares they carelessly printed. They wrote a check they can’t cash. + +I think the recent fervor over our new member Pulte, who I welcome with open arms, is all about those built up, painful feelings of powerlessness and psychological impotence being allowed to be released at the idea that someone in a perceived position of power and influence is aligned with us and can finally exert some power in this situation. + +This is a psychological process called projection where we place that which we can’t or won’t see in ourselves onto the people or entities around us. + +But in this crucial period, the calm before the storm of Moass, it’s more important than ever to situate the power where it belongs, which is inside each and every one of us. + +You’ve been fighting the good fight for a long time now ape. You’ve been exposed to gaslighting and psychological manipulation on an unprecedented scale. You’ve taken the time to learn about the inner workings of Wall Street. You’ve withstood the taunts and ridicule of trolls, friends, and family. You’ve stayed a diamond handed warrior through it all. You’re powerful and I’m damn proud to stand by your side. +Curious to hear the many possibilities/ideas. Paying off debt is nice and provides a guaranteed return. Markets are still down considerably from their 2021 highs. +Hello, + +Where I live there is a big difference between £500 and £600 on the rental market. £500 gets you a small studio apartment, whereas £600 gets you a nice sized 1 bedroom flat,. + +I only earn £1,700 per month, so is it worth spending an extra £100 for a nicer standard of living in a bigger flat, or is it better for me to save that money and use it elsewhere? + +Thanks for your help. +TITS ARE JACKED!!! I get it. After several days in the doldrums price is moving up and to the right, but don't let the excitement make you forget that the most important thing to do is vote your shares. RC and Co need a hard count of just how much fuckery exists. When Voting remember: + +1. Only use a link provided by your broker or the link on $GME's website. +2. Do not share you control number with anyone. +3. By voting for all directors proposed including Sherman it ensures all of their shares stay tied up. For example if sherman is not voted to the board he could sell his million+ shares immediately which could hurt the chances of MOASS. + +Why is voting important....... + +If more shares vote than should exist or more shares vote than there should be in the float......GameStop would make an announcement that they are investigating counterfeit shares or announce they will be using some sort of recall mechanism to get a hard count. Just the announcement of either would like cause short lenders to recall shares immediately. Which would be the catalyst to end all catalysts. + +This of course is not investment or voting advice. I am not a financial advisor. I just like the stock. + + + +****** IF YOU HAVE SUCCESS VOTING OR GETTING YOUR CONTROL NUMBER PLEASE TAG ME OR DM ME TO UPDATE THE BELOW LIST************ + +BROKER INTEL ON VOTING AVAILABILITY: (If your broker has not provided you documents or a control number you can call to request the control number. Use this number only on GME's official website. Do not trust any other link). + +VANGUARD - + +FIDELITY - April 28th is being reported + +TDAMERITRADE - Rumor is this week, but several have reported being able to get their control number via calling. + +E-TRADE - This week + +WEBULL + +CHASE + +Merril Edge - + +RBC - One user tagged me saying they were told June 1 at the earliest. hoping someone else can confirm + +Schwab + +Robbin Hood - I re + +E-Toro - Unable to vote + +Wealth Simple - + +Interactive Brokers - Late April / Early May + +Questrade - Should be able to request control number on the corporate action page. + +Stash - +# This week 27.6 million GME shares were traded, this is 107.13% of the publicly tradable float * + +&#x200B; + +**Total volume traded this week: 27,632,309** + +GME volume per day: + +* Mon: 3,316,234 shares +* Tue: 4,150,803 shares +* Wed: 4,170,343 shares +* Thu: 10,034,940 shares +* Fri: 5,959,989 shares + +Source: Webull daily volume data. Yahoo Finance shows comparable volume numbers for the week = 27,622,171 shares traded + +&#x200B; + +**\*Publicly tradable float = 25,793,673 shares** + +Total Shares Outstanding minus institutional ownership, mutual funds, ETFs, insiders and most recent DRS share count provided by GameStop = 25,793,673 shares (source: computershared.net, and GameStop's most recent quarterly report) + +&#x200B; + +So who's selling? Not me, not us. That's for sure! This is unsustainable! + +&#x200B; + +*If you want to see more updates like these, you can follow me here on Reddit or on Twitter - Tendie Baron* +I just checked a ticket I bought two weeks ago at the newsagent and turns out it is a div 1 winner. They got me on the phone to headquarters and there is a two week waiting hold before the money will be deposited. + +&#x200B; + +Although I will seek financial advice, I just want to know what the general jist of my investment strategy should be? As a 24 year old, I have: + +$5k credit card debt + +$18k car loan debt + +$90k HECS debt. + +&#x200B; + +Not too worried about HECS, and I should pay off those outstanding debts ASAP, but I also do not own property. Do I spent all of it on a property, buy a more modest home and invest? yolo and travel the world? I have no idea what to do, but I know if I do the wrong thing I will blow this one in a lifetime headstart. + +&#x200B; + +Thanks guys. Can give mods proof + The stock-to-flow (S2F) model, which many have relied on over the years to predict the price of Bitcoin, is now pointing at the possibility of the second phase of the Bitcoin bull rally. + +By the end of 2021, according to the S2F model - Bitcoin is poised to surge to well over $100,000 -- a big boost from the current accumulation phase! + +NASA is also completing an accumulation phase and poised to go the distance as we prepare for a BOOST from our Live Whitepaper reveal, successful Dessert Finance 1st Audit and INCOMING CMC listing! + +Don’t take my word for it, give NASA Token’s Live Whitepaper a review and see for yourself: notion.so/NASA-Token-s-Live-Whitepaper-e36eaf6a194244479767bd188aa1271b.If you follow the link above you will find a REAL Whitepaper — a living comprehensive document that is transparent and honest as it investigates, details and evolves with the NASA organisation. + +Recently, the team at NASA also shared our 2 utility cases that are going to solidify our reputation as the Dependable Altcoin of the Future: + +NASA Auditing Service - The goal of the NASA Auditing Service is to expose scam projects, improve safety to investors and instill confidence in BSC projects. We have experienced auditors who will complete a Smart Contract Security Audit on other BSC projects with delivery in PDF format that includes errors/bugs we find and recommendations for improvement. The BIG win for NASA investors is that our profits from the NASA Seal of Approval will be invested back into NASA so holders are rewarded for loyalty and watch their investment continue to grow. We are excited to share that our first Smart Contract Security Audit is almost complete! + +NASA Rug Pull Relief Fund - There’s nothing worse than getting excited about a project or new token launch only to have your hard earned investment pulled unexpectedly by bad actors and left with nothing. At NASA, a portion of reflections from our marketing wallet will be used to give back to active NASA investors who have been rug pulled on other investments via an application process. + +Other progressive developments underway at NASA Mission Control include: an update on our first Smart Contract Security Audit client, our live whitepaper is almost complete, CMC listing incoming and 5 exchanges have been applied for! It’s a good thing the NASA team runs on HYPE cause we have no shortage of it! + +Please join us on Telegram on June 21 @ 12pm UTC for a live AMA voice chat update on our 1st Audit completion from Dessert Finance (who has previously completed Audit for Bonfire among others) as well as NEW campaign developments! + +Here at NASA we're focused on one thing and that’s to step foot on the moon AGAIN. The question is, will YOU join us or will you be on the outside looking UP 💫🚀 + +Become a Nastronaut today!👩‍🚀🚀👨‍🚀 + +🌐Website : nasatoken.net + +🥞Pancake Swap : exchange.pancakeswap.finance/#/swap?inputCurrency=0x70cf8d40a3d0f7bc88077ba7d103050d0001a653 + +📄Contract : 0x70CF8d40A3D0F7BC88077Ba7D103050d0001A653 + +🏛BSCscan : bscscan.com/address/0x70CF8d40A3D0F7BC88077Ba7D103050d0001A653 + +🗯Telegram : t.me/officialnasatoken + +💬Discord : discord.gg/4qhbm6MzpN + +📣Twitter : mobile.twitter.com/NASAtoken + +📷Instagram : instagram.com/nasatoken?utm\_medium=copy\_link +Looking for advice. My wife and I are both in our late twenties (no kids yet). I have been fortunate to have a great career so far with a relatively clear line of site to FatFire. + +While I don’t have a huge stack compared to most on here today (~$1mm NW), it’s all my wife and I have. We both come from lower income backgrounds / complicated family relationships. + +My assets are complicated. It’s not a lot stock sitting in a brokerage. I own some rental properties, some private investments through my employer, very complicated real estate investments through my Roth IRA, etc etc. + +Problem is, my wife is not overly financially literate. She works in a completely different industry and isn’t well versed on a lot of the investments and tax advantages strategies I have been involved with. + +I constantly have this fear of something bad happening to me and I can’t sleep at night knowing if I got hit by a bus tomorrow my wife would be completely lost — and worst, potentially lose out on a bunch of money just because she has no idea about it. + +Is there a program / app / something I can use to prepare a “road map” if I die? I know I can hire a lawyer and prepare documents and such but would prefer something a little less costly, but more officially than just putting a word doc together with instructions. + +Any help is appreciated. + +Edit: thanks all! This has been very helpful. +As a new member of this community, I'm wondering what other subreddits you all follow that are relevant/useful to this community? + +Hope this is helpful to others as well. +Hi all, I watch alot of YouTube and read blogs about personal fiance and personal development. I keep hearing the phrase "invest in yourself". + + How can you invest into yourself in meaningful way both financially and personally that have actually worked and are non-superficial? + +Edit: thank for all of the replies its great to hear from all of you lovely people, with things you have tried and what has worked for all of you, I love the sub and hopefully I'll be sharing my own journey in a few years for a similar post. +Hi all, + +I have had a rough 12 months, mental health issues and lost my job and my home (all due to family conflict). This is fortunately coming to an end. + +I was previously living with parents and had contributed over £100k to the house but it was not on my name. Parents have agreed to sell the house and give me back my money (via solicitors). + +I also have £150k in my bank account ready to use, but I am currently renting (£800/mo) and currently unemployed. I am looking for a job, but this may take time and I am unsure of when this will happen due to ongoing mental health issues (depression, etc). This is improving daily with the help of gym and eating healthier, but its a slow process for me. + +My question is this. I should have £250k in my account in a few months time but I may still have no income. I have considered buying a house for under £250k, but you don't get much (Midlands area). + +I want to get out of rent ASAP as I'm throwing money down the drain, but no one will lend to me without a job - and I cant seem to get a job, so I am stuck in a viscous cycle. + +My fiancee does work, she earns £20k PA, and should be able to borrow around £100k for a mortgage. I dont know if me being unemployed will affect our chances though. I would also like to be on the mortgage, especially after what happened above. We also have been having issues lately and I am not sure if its the wisest idea to buy a house together, if there is a chance we do not work out. We are both trying to make it work but we also both unhappy with each other due to the mess with family etc. This is another issue entirely, but if i can buy a house on my own, I would probably have less regrets - whether me and her work out or not. + +I have considered buying a small house (like 1/2 bed bungalow) in cash, just to get out of this cycle - but then its a case of putting all my eggs in one basket. Also considered a flat, but I dont like the idea of a lease - If I am spending this much money I want to own the land with no ground fees etc. + +Sorry if I seem delusional, I know its alot of money and it can be life changing for many and I have certainly worked very hard for it, but suffering from depression at the same time makes it difficult to know what to do next. + +What would you suggest? + +Thank you in advance + +&#x200B; + +EDIT: By midlands, i mean Leicestershire, and when I say theres not much for <£250k, i meant 3+ bed semi detached houses with a decent driveway and garden (maybe i am asking for too much). + +&#x200B; + +EDIT 2: I understand theres no rush, my concern is the landlord could decide to sell, kick me out etc at anytime and i would find it very difficult to find another rented property with no income. + +&#x200B; + +EDIT 3: Thanks to everyone for helping me understand its not the end of the world, I dont need to buy a house right now. I wont rush, I just wanted advice and all i want right now is stability in my life. I am considering moving abroad, for example Dubai. I'd need to find a job first though - but its a definately something I would love to do - a complete fresh start with lots of Vitamin D! +You don’t realize your own financial situation till life smacks you in the face and that happen to me today. To +Preface, I’m 17, I live with my family(lower middle class) in New York City. At school I decided to join a club about hedge funds, real estate, inquiry funds, and etc. Today we had a meeting on zoom, and everyone there was at least upper middle class. It’s just that I’ve lived my whole life thinking I was normal or that I had a good view of my position but it’s crazy how much wealthier these people are. They’re dads are business execs or wealthy realtors, my parents on the other hand are working class, my dad drives and my mother is a preschool teacher. I know it’s nobody’s fault for my economic situation, it just feels weird being the poorest in the room, like I’m hiding a dark secret. +Hi everyone, Bob here, + +**HOLY SHIT I THINK I MAY HAVE CRACKED THE CODE!!!! And by I, I of course mean the fuckin absolute truckload of DD and wrinkle brains that have contributed their DD to this saga. Thanks in advance to all the DD writers included in here, as well as the ones I failed to mention because they just aren’t top of mind at the time of writing.** + +**PS, get jacked, because this DD has been reviewed by some of the greatest wrinkly minds I know before posting, and I'l be keeping this one edited and fresh up to date as we learn more. Hope you learn something, and gain some wrinkles yourself - god knows we need ‘em.** + +Some of you may have been around long enough to remember my DD on u/criand’s and u/dentisttft’s DDs. [This dd looked at the combined theories of some OG apes that got me into my own DD dive. In it, I explored some different movers and theorized its a combination of things](https://www.reddit.com/r/Superstonk/comments/on3424/update_to_cycle_tracking_dd/?utm_source=share&utm_medium=web2x&context=3). I have had some offline conversations with some of the smartest fuckin ~~people~~ silverback DD-writing wrinkly ass apes on the planet and found some really interesting things I’d like to show you and get your thoughts on. The intention of this DD is to share the really TIT JACKING information I just uncovered and put together, with the help of all the apes mentioned here, which have been my guide either directly or indirectly through this learning process that is ~~Double Down~~ Due Diligence. + +# Foreward 0.0 + +First, I think it’s important to realize where this is coming from and who the fuck u/bobsmith808 is. Well, I’m just your average run of the mill no good crayon eating ape. I shit rainbows when the stonks go up and I shit bricks when the stonks go down, but when they go down, I rage buy more because *brick by brick* I will increase my position in this wonderful company with a bright fucking future, I call gamestop. + +Why? **Because I like the fuckin stock.** + +# Table of Contents for the DD + +I will be breaking this up into a couple posts because reddit is retarded - so retarded you cannot post over 40,000 characters per post. I guess they never anticipated the level of autism we could muster. 🤷🏽‍♂️. I hope you enjoy the first part of this series. + +In This chapter: + +* 1.0 - Recap on understanding the T+ cycles and how they work, along with some insight to market mechanics + +1. 1.1 - T+ Cycles & How They Work +2. 1.2 - Supplemental Liquidity Deposits +3. 1.3 - CBOE Futures Cycles +4. 1.4 - Key Terms + +[In Part Deux:](https://www.reddit.com/r/Superstonk/comments/s3nqu3/the_compendium_of_wrinkles_correlating_different/) + +* 2.0 - Notable Theories & Observations + +1. 2.1 - Leenixus SLD Theory +2. 2.2 - Gherkinit Futures Theory +3. 2.3 - Zinko83 Variance Swaps +4. 2.4 - Turdfurg23 Heartbeats +5. 2.5 - My Own Observations +6. 2.6 - Tying it All Together + +* [3.0 - Conclusions](https://www.reddit.com/r/Superstonk/comments/s3nqu3/the_compendium_of_wrinkles_correlating_different/) + +1. 3.1 - For The Wrinkles + 1. 3.1-🌈🐻 - Is Moass Inevitable? - An Exercise in Rationality + 2. 3.1-🚀🦧 - Is Moass Possible? And Could it Be Near? +2. 3.2 - For The Smoothest Among Us (Yes there’s a TADR) + +* [69.420 - Disclaimers & Sources](https://www.reddit.com/r/Superstonk/comments/s3nqu3/the_compendium_of_wrinkles_correlating_different/) + +# Recap On What We’ve Learned 1.0 + +# 1.1 - T+ Cycles & How They Work + +**So, What Are These T+x Cycles And Where Do They Come From?** + +I like cycles, and I like dates. Good thing for me, my most favorite stonk, GME, has both of these to play with. There has been and still seems to be a lot of confusion about the T+x cycles and what they mean, so I thought I'd start this out with a quick recap of what they are and how they work. + +When someone buys the stock, the market makers sells it to them at whatever the market value (**haha - internalization** *see advanced fuckery*). That marks **T** day (Transaction Day). + +# First, The Market Maker + +**First comes the market maker's time to locate the share they just sold.** + +Yes, you read that right: The Market Maker (**MM**) can sell a share they don't even have in their "inventory". A bit fuckey already, but let's roll with it. So on Friday, the market maker sold you a share (because apes fuckin **buy** and hold). They didn't have this share, and now have from the date of the sale (**T** for Transaction) plus 2 *trading* days (**+2**) or T+2 days to "locate" that share to settle up the trade. When they fail to locate those shares, we enter the Fail To Deliver (**FTD**). + +**Side note**: When the market maker sells you a share they don't have (BUY THE DIP!), and they fail to locate it (because there aren't any more to buy, bitches), it adds to the total shares they need to buy back. **They have been doing this for a very. long. time. Now.** + +**Who Is A Market Maker?** *Citadel, Virtu, GTS Securities \[*[sauce](https://www.nyse.com/markets/nyse/membership)*\]* + +# Second, The Authorized Participant + +**Authorized Participant Activity in regards to GME fuckery is all about ETFs, baskets and swaps. - check out XRT recently for a great example.** + +This applies to ETFs containing our favorite stonk. There is a theory floating around where an Authorized Participant (**AP**) can generate naked ETF shares that are used to then create phantom shares (more for them to buy back later) to suppress GME and then bundle that all up in a basket, ready for swaps.\[[sauce](https://www.etf.com/etf-education-center/etf-basics/what-is-the-creationredemption-mechanism?nopaging=1)\] Then viola, we have the quarterly swap cycles, *the most recent one, failing to deliver through possible internalization of the trades and the after hours run we saw just the other day* (credit [u/gherkinit](https://www.reddit.com/u/gherkinit/)) + +So when the AP creates the ETF trade and baskets it, they have from the day of the transaction (**T**) plus two trading days (**+2**) to **settle** the trade. *Then,* they have an additional two trading days (**+2**) or T+2 days to **locate** the shares traded in that ETF. [u/turdfurg23](https://www.reddit.com/u/turdfurg23/) has an awesome spreadsheet [here](https://docs.google.com/spreadsheets/d/1vhbn6HqmkhwHqtSj0CDNHeCNuNOp-hPcmfur0pZUuFs/edit?usp=sharing) that you can see to track GME's weight in several ETFs containing GME shares. Total time is **T+4** here for the **FTD** when it comes to ETF generated FTDs. + +**Who is an Authorized Participant?** banks usually... *also Citadel* + +[u\/keijikage brought to my attention that the rules changed in 2017 from T+3 to T+2, so the graph above is updated to illustrate the changes. Source1 | Source2 ](https://preview.redd.it/ah21o21yqlb81.png?width=922&format=png&auto=webp&s=648cb067351c66c5618d37eec70b7b998ece59d4) + +*Rules Follow:* + +[Oh, and if that isn’t enough to absorb - it looks like they are looking to move to a T+1 cycle](https://preview.redd.it/fdx8c8pzqlb81.png?width=1033&format=png&auto=webp&s=3163965993872dde2e0cc54478baee5af6b90f2e) + +# What is T+21? + +**There is no T+21** that I'm aware of (and have stopped tracking it for this reason). credit to [u/criand](https://www.reddit.com/u/criand/) for noticing the pattern in the first place and to [u/dentisttft](https://www.reddit.com/u/dentisttft/) for identifying the SLD periods ([see my previous DD on that](https://www.reddit.com/r/Superstonk/comments/o32geb/update_on_t21_cycles_and_dd_on_dd_by_ucriand_and/)) that conveniently coincide with the "T+21 cycle". + +Another theory was from [u/gafgarian](https://www.reddit.com/u/gafgarian/) that stipulated that it was linear T10/T12 cycles stacked (last day to cover being the day before - and you get 21. This makes some sense when you think about the AP rules above, but it does get complicated when you factor in Continuous Net Settlement. + +That said, I am still able to see a consistent cycle around another number... + +# Behold: T+35 (Rebranding to C+35) + +**C is for Calendar** + +>Rule 204 provides an extended period of time to close out certain failures to deliver. **Specifically, if a failure to deliver position results from the sale of a security that a person is** [**deemed to own**](https://www.law.cornell.edu/cfr/text/17/242.200) **and that such person intends to deliver as soon as all restrictions on delivery have been removed, the firm has up to 35 calendar days following the trade date to close out the failure to deliver position by purchasing securities of like kind and quantity.** Such additional time is warranted and does not undermine the goal of reducing failures to deliver because these are sales of owned securities that cannot be delivered by the settlement date due solely to processing delays outside the seller’s or broker-dealer’s control. Moreover, delivery is required to be made on such sales as soon as all restrictions on delivery have been removed and situations where a person is deemed to own a security are limited to those specified in Rule 200 of Regulation SHO. A common example of a deemed to own security that cannot be delivered by the settlement date is a security subject to the resale restrictions of Rule 144 under the Securities Act of 1933. + +**Some thoughts here** \- credit to u/keijikage + +>“hypothetically the synthetic forwards could be a type of these, so we would see new options being opened up afterwards” + +https://preview.redd.it/krpyl3ejrlb81.png?width=1200&format=png&auto=webp&s=6e44b989e0754200636ac75136d2c01b78575ec1 + +This means, once we see the FTD in the Finra data, they have 35 ***calendar days*** *(from the date of the FTD in the data)* **not trading days** (**C+35** ftw) to settle up and find the shares to close out the trade. + +**Adding for clarity:** [17 CFR § 242.204 - Close-out requirement. states](https://www.law.cornell.edu/cfr/text/17/242.204) + +https://preview.redd.it/br49sgbacwc81.png?width=1005&format=png&auto=webp&s=79fb455d3285cc89ba1cd78210e67578e188ab4d + +# 1.2 - Supplemental Liquidity Deposit & Its Effects + +Supplemental Liquidity Deposits (**SLD**) has been really nicely described by u/dentisttft (wherever he is) in a fun and informative [“liquid shits” DD](https://www.reddit.com/r/Superstonk/comments/njgs66/rc_tweet_analysis_part_2_dumb_and_dumber_turbolax/). Here’s the juicy part: + +**THE CURRENT SLD RULESET:** + +**Supplemental Liquid Deposits (NSCC Rule 4(a)) \[**[**https://www.dtcc.com/\~/media/Files/Downloads/legal/rules/nscc\_rules.pdf**](https://www.dtcc.com/~/media/Files/Downloads/legal/rules/nscc_rules.pdf)**\]** + +Rule 4(a) can be found on Page 60 of the PDF. + +**Summary:** A week before the monthly options expiration, a deposit amount is calculated for the 30 largest “members” of the NSCC (the financial companies involved in the NSCC). A couple of days before the monthly options expiration, the members need to deposit that amount to be held at the clearing corporation for 7 days. After 7 days, the deposit is returned to the member. + +**Details:** + +Here is the important terminology: + +* ***Monthly Expiration Date***\*:\* The Saturday where the monthly options expire. It’s the Saturday after the third Friday of the month. (Often people think of options expiring on Friday, but they technically expire on Saturday. You just can’t trade them after regular trading hours on Friday, so it’s essentially Friday). +* ***Options Expiration Activity Period***: It starts at the opening of business on the Friday before the Saturday Monthly Expiration Date and ends at close of business on the second Settlement Day after the start. So, essentially close of business on Tuesday. +* ***Special Activity Calculation Date***\*:\* The date where the amount needed for the deposit is calculated. There is no set date when this happens, the only requirement is that it has to be done no later than the fifth business day preceding the *Options Expiration Activity Period* (the Friday of the week before monthly expiration). +* ***Special Activity Prefund Deposit***\*:\* The name of the deposit that the member will have to make based on the Calculation Date. +* ***Special Activity Liquidity Call***\*:\* Between the monthly calculation dates, if the clearing corporation realizes the deposit isn’t big enough, they will require a larger deposit to be made within 2 business days of the call. The Liquidity Call deposit is then held for 90 days. (So if Melvin and Robinhood really did get liquidity called, they wouldn’t get that money back until April 28-30) + +So every month, a deposit is calculated a week before monthly expirations. The amount is promptly given to the financial institution (“member”). Rule 4(a) SEC 6 says, + +>*SEC. 6 Notice of Special Activity Liquidity Obligations and Payment of Special Activity Supplemental Deposits. Promptly after the Special Activity Calculation Date, the Corporation shall provide each Special Activity Liquidity Provider with the amount of its Special Activity Liquidity Obligation for that Options Expiration Activity Period.* ***Not later than the close of business on the second Business Day preceding the applicable Options Expiration Activity Period, a Special Activity Liquidity Provider shall make its Special Activity Supplemental Deposit to the Clearing Fund.*** + +The member needs to make the payment by close of business on the second Business Day preceding Options Expiration Activity Period. The Options Expiration Activity Period starts on opening of business on the Friday of monthly expirations, so this means they would need to make their payment by close of business on Wednesday of monthly expirations. + +Now we jump to Rule 4(a) SEC 2, looking at the definition of the *Special Activity Prefund Deposit*, + +>*“Special Activity Prefund Deposit” means a cash deposit of a Member to the Clearing Fund made by wire transfer to an account designated by the Corporation: a. that is in excess of the Required Fund Deposit of the Member; b. that the Member deposits to the Clearing Fund, not later than the time specified by the Corporation on the first Business Day of an Options Expiration Activity Period, if the Member anticipates that its Special Activity Peak Liquidity Exposure at any time during such Options Expiration Activity Period will be greater than the amount calculated by the Corporation pursuant to this Rule 4A; c.* ***that the Member undertakes to keep on deposit in the Clearing Fund for at least seven Business Days after the end of the applicable Options Expiration Activity Period***\*;and\*. that the Member designates as a “Special Activity Prefund Deposit” at the time of the deposit in a manner specified by the Corporation.\* + +* The deposit is held until 7 business days after the end of the *Options Expiration Activity Period*. +* The *Options Expiration Activity Period* ends on close of business Tuesday after monthly expiration. + +So essentially the deposit is held for 12 business days total. I’m assuming the calculation date for the next month comes shortly after the deposit is returned rather than waiting until 5 days before expiration. + +**Got it? So the timeline ends up being...** + +Calculation Date -> Prefund Deposit is made -> Options Expiration Activity Period -> Seven days of holding the Prefund Deposit -> Deposit is returned. + +**Knowing this, let’s pull out some crayons. This is the 4 hour chart.** + +https://preview.redd.it/djhj7d58tlb81.png?width=1594&format=png&auto=webp&s=717bec6a2d391e1ab97af99ad7cd32e2ba1b7032 + +* ORANGE: The monthly options expiration. +* GREEN: Payment day +* BLUE: “Special Activity Options Period” +* RED: Deposit holding period +* WHITE: The entire time frame where the deposit is not in the position of the member. + +# 1.3 - CBOE Futures Cycles + +These are dates for futures contracts, and a very important part of the GME saga (IMO) + +[These come later with u\/gherkinit's dd section](https://preview.redd.it/jvo7rhcjtlb81.png?width=715&format=png&auto=webp&s=bce8f4c9b497186b876cee077e626acf3c2fd7a1) + +# 1.4 - Key Terminology + +**sHF** + +Short Hedge Fund. The bad guys in this saga, and the ones that r fuk. + +**Doomp** + +**D**eep **O**ut **O**f the **M**oney **P**uts. Basically put options taht are so fuckin far out of the money (like at a .50 strike) it’s basically worthless. There’s been a few theories as to why these exist, but nothing’s been proven 100% + +**Max pain** + +Max pain, or the max pain price, is the strike price with the most open options contracts (i.e., puts and calls), and it is the price at which the stock would cause financial losses for the largest number of option holders at expiration. When the week ends, and options expire at or near the max pain price, options sellers make the most money possible. Options sellers are classically known as Market Makers. + +[**Delta Hedging**](https://www.investopedia.com/terms/d/deltahedging.asp) + +Delta hedging is an options trading strategy that aims to reduce, or hedge, the directional risk associated with price movements in the underlying asset. The approach uses options to offset the risk to either a single other option holding or an entire portfolio of holdings. The investor tries to reach a delta neutral state and not have a directional bias on the hedge. Essentially this means that if a market maker sells you a call, that call represents 100 shares of GME. Why GME? Because who the fuck cares about other stonks, amiright? Anyway, let’s say the delta value is .3 for the cal you bought. A market maker, knowing if the price moves against them (just up), they will lose money, they buy enough shares to hedge against that action, which makes them delta neutral. basically, a quick way to look at it is on a delta call with .3 delta, one would assume the MM seller of that call would have bought 30 shares to hold until the call is sold or exercised, just like a .5 delta call, the MM would have bought 50 shares for the same purpose. This works both ways, and with puts, it's the inverse hedging method. Buying puts causes the MM to sell shares to hedge, getting rid of those puts causes the MM to buy the shares back so they are good when the end of the trading day comes. Kinda makes you think about the way the price has been moving recently eh? big purchases of puts beginning of the day, edging the price down, and selling of those same puts EoD to edge the price back up... **manipulation methinks!** + +**Options Greeks** + +So, I did a whole writeup on [options which goes into detail on the greeks and some other things about options](https://www.reddit.com/r/Superstonk/comments/qviwdp/they_are_running_out_of_options_and_the_power_of/). Check it out. + +If you’re just here for the Greeks, here you go: + +**The Major Greeks** + +There *are* minor greeks for options trading, but let's just start with the major ones that are critical to understand if you want to trade options. They are: + +**edit**: couple updates here thanks to apes that caught these. + +* **Delta** + * This is the measure of change in an option's price, relative to the underlying asset. For example, if you have an option with .8 delta, and the price moves up $1, your option value will gain 80 cents per share. (we'll omit the potential changes in delta here for simplicity's sake.) Also, Delta is often used as a probability indicator for the option being in the money at the expiration date. .8 delta would be an 80% chance of being ITM at expiration. + * At The Money (ATM) Options are usually carrying a delta of .5, while In The Money (ITM) options are higher than .5 deltas and Out of The Money (OTM) options are having deltas of less than .5 +* **Gamma** + * This is the rate of change to the delta over time. Gamma values tend to be higher for ATM options and lower for deep ITM and OTM options. This is a constant, and you can think of it as an indicator of how volatile the price/value of the option will move relative to each point of movement of the underlying stock. + * For example, an option with a delta of .5 and a gamma of .08 will become an option with a delta of .58 after the price of the stock increases by 1 point. Conversely, if you have an option at the same strike with a delta of .5 and a gamma of .03, the delta will become .53 after the stock increases by 1 point... make sense? + * Note: Gamma is dynamic and moves with the market. It's usually highest for ATM strikes. credit to u/mublob. +* **Theta** + * This measures the rate of time decay on the value of the option in regards to its premium - or the price you pay for the right to buy the stock at the strike. This is always a negative number because it's how option writers make their money. As time passes, this is the rate that the option will automatically lose value. **This is why you do not want to diamond hand options!!!** What's more is, as the expiration date gets closer, the rate of decay (theta decay) increases, thereby accelerating the rate of the option losing value. +* **Vega** + * This measures the risk of changes in implied volatility. In ape, this is the estimation of future price action. Higher vega = higher risk of volatility, and you pay a higher premium for that option when you buy it. **This is where IV crush comes form.** + * Vega can increase or decrease without price changes of the underlying asset, due to changes in implied volatility. + * Vega can increase in reaction to quick moves in the underlying asset. + * Vega falls as the option gets closer to expiration. + +[**Internalization**](https://www.sec.gov/fast-answers/answersinternalizationhtm.html) + +When you place an order to buy or sell a stock, your broker has choices on where to execute your order. Instead of routing your order to a [market](https://www.sec.gov/answers/market.htm) or [market-makers](https://www.sec.gov/answers/mktmaker.htm) for execution, your broker may fill the order from the firm's own inventory. This is called "internalization." In this way, your broker's firm may make money on the "spread" – which is the difference between the purchase price and the sale price. + +This has the impact of your order to buy moar GME not affecting the price of the stock (imo) like it should. + +[More on internalization, dark pools and market equity quality](https://www.cfainstitute.org/-/media/documents/article/position-paper/dark-pools-internalization-equity-market-quality.ashx) + +Edit: Added links for Part 2 + +# Are you ready to learn more about our excellent fuckin wrinkly DD authors and how things seems to fit together? + +# [Check out Part 2](https://www.reddit.com/r/Superstonk/comments/s3nqu3/the_compendium_of_wrinkles_correlating_different/) +I can barely buy extra groceries at the end of the month let alone buying ''experiences'' which 98% of the time means some vacation, and yes even if you budget it will still cost you money. + +i'm just super peeved, already felt some FOMO/bit of envy yesterday about everyone at work going on vacation, and was trying to find any sort of tips on how to have fun without spending too much and of course every single piece of advice is just ''just go on vacation!!! experiences are what matter'' + +fuck. off + +&#x200B; + +edit: I was super salty when I made the post, and just to clarify - both me and my SO work full time in finance and I.T respectively, we had a shitty emergency two months ago + a bad investment and we ended up with zero savings, we live in southern EU and used to traveling at least 3x a year and having no savings to do so and realizing we have to postpone all travel for god knows how long was putting me in a jealous/ugly place but we realized it doesn't have to be that way :) We're gonna try to overnight stays and add some different local things until we can travel again in October, thank you to everyone who responded respectfully! +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Why do people install cooking surfaces with no ventilation? I thought it was a requirement to have ventilation over cooking surfaces, but I keep seeing places with either no ventilation, or ventilation that blows right back into the kitchen - what's the point of that? I wonder why someone would not just put a vent hood and vent it outside? See example. Do these people not cook? Do they not realize it smokes up the living area when you cook and don't have ventilation? + +I see a lot of these flat stove surfaces on cabinet tops with no range exhaust hood. Or a stove with a built in microwave with exhaust hood mounted over the stove, but the the exhaust doesn't go anywhere, just back into the room lol. + +Since I can't post a picture, here's an example , [https://www.redfin.com/FL/North-Miami/11930-N-Bayshore-Dr-33181/unit-1109/home/42863169](https://www.redfin.com/FL/North-Miami/11930-N-Bayshore-Dr-33181/unit-1109/home/42863169) +EDIT: *flew + +I live in San Jose, CA and I applied for a job in Denver, CO for a senior level position. They seemed excited about my background and after a call with the recruiter and hiring manager they wanted to fly me out ASAP for a panel interview at their office. They dropped close to $2k on my last minute flights, hotel and generous per diem. They even flew me business class. + +After the Friday interview (which I thought went really well), they said they would get back to me mid to late week the following week. I sent them an email that evening thanking them for their time and that I looked forward to hearing back from them. By end of day the **next** Friday I did not get a response. That Monday I sent an email to the recruiter to follow up and see where they were in the decision process and if they needed any additional information from me. No response. It will be **2 weeks** of radio silence tomorrow. Has this ever happened to anyone? Is this normal? Is this a major red flag if they do eventually get in touch with me and offer me the job? I just find it strange how eager they were to fly me out, contacting me everyday for week to arrange calls and trip details, seemingly nailing the interview and then nothing for 2 weeks despite me reaching out to follow up. + +EDIT 2: I’m not offended/mad/butthurt. Just never experienced this before in my years of going through hiring processes so I’m asking for other people’s experiences. My current job is with a large tech company and it took almost 2 months for my offer but my recruiter was responsive and set expectations. Please don’t be mad at me, guys. I didn’t mean to upset you. +So traditionally I think the [plucked out of air] figure was than an hour commute needed an extra £10,000 in salary for the hassle. + +Given everything that has happened, how much value do you put on a lack of commute? + + I went from a job with no commute to an hour (often two because trains are so crap) and after many months at home, I cannot face it again and about to swap to another job with no commute. + +How much value do you put on a commute? +Looking at the world people really don't care what goes on in the background. Our phones and trainers are made by exploited child workers. We buy en mass from unethical companies like Nestle, Shell etc. I know exactly how Amazon treats it workers yet I buy things from there every week. + +I hear it echoed on here quite often that x crypto is no good because it's too centralised. The reality is that most consumers don't really know what that means or why it's good or bad. Even if they do most people will still happily choose a cheaper product without caring about that too much. In an ideal world the decentralised cryptos would win but we need to face the fact that in the future some of the most popular cryptocurrencies will likely be centralised. +This post was originally posted on /r/UKPersonalFinance and received a lot of attention (https://www.reddit.com/r/UKPersonalFinance/comments/3djadw/today_barclays_put_me_in_200000_pounds_in_debt_by/) , but I am sharing here in hope of reaching a wider audience and getting some resolution to this because 72 hours after this happened I am still facing the same problem, with the same uncertainty. It's an unfortunate, and helpless, position I am in due to a "colossal f**k up" by Barclays PLC. + +**Update** +20/7/2015 9:28 My account is now back to normal :) ... http://imgur.com/g7DoS76 + +20/7/2015 15:40 Had a call from Barclay's. They confirmed this as a technical glitch and said they will put 150 pound into my account as an appology. + +Thank you to everyone on Reddit who helped to solve this. I really appreciate it <3 + +---------------------------------- + +This morning I checked my online banking. I'm with Barclays. Both my normal account and savings accounts were suddenly in a huge amount of debt : + +Normal account: -₤99995 + +Savings account: -₤99681 + +Screenshot of my online banking: http://imgur.com/XTH0OUQ + +Photo of balance slip from cash machine: http://imgur.com/VjUU6zT (sorry best image I could get, but can be seen) + +My account is a basic account. I can not have an overdraft. I have a Visa chip and pin, but it's a basic account. My savings account has a card, but I can only use it in Barclays. It's not a Visa. The bank wouldn't even allow my account to go into ₤10 debt, let alone ₤200k! + +I thought this was an online error. I thought maybe their site was acting up. I went to the cashpoint and was shocked when the cashpoint said I was nearly 100 grand in debt! + +At this point I went straight into the bank and asked them to check both accounts. The cashier confirmed they were both in debt by nearly 100k. But couldn't explain why. + +I sat with a Barclays advisor at the Halesowen Branch for over an hour whilst she tried to find out why so much money had been taken from my accounts. The advisor had to call the same numbers customers do ... which goes straight through to an Indian call centre. I was shocked that Barclay's own staff have to use the same call centres customers do. She confirmed they don't have direct numbers to UK call centres! + +The advisor was passed from pillar to post. She was cut off by one of the call centres because they didn't know how to deal with my account. So we had to start the whole process again! + +I was told that the transactions were "forced" on their system. I don't know what this means though. They said they were card transactions. Really ...for 100k each, even though one account is just a basic Barclays card? + +In the end the bank closed, and I have to go back in the morning. + +All my money is in those accounts. I rely on this money to feed my family! Because I'm in 100k debt in both accounts I can't access my money. I explained this to the advisor in Barclays but her line manager had went home so nothing could be done. + +I'm not even rich. I have Aspergers and I claim ESA as I'm mentally unfit to work. So why would they take 200k from me, and then deny me access to the little money I have? They had no issues escorting me off the premisis at closing time knowing I had no money to buy food because of their error! We have a 7 year old too and I explained I need this money to live. + +Ps. sorry about the grammar error in the title. + +**Updates** + +17/07/2015 9.00am: It's 9am, and over 24 hours since my account was place in debt. My account is still in debt! I was hoping that it would have returned to normal today :( Off to the bank in a moment to see if I can get this sorted. + +17/7/2015 10.00am: Just came back from the bank. I have to go back in 30 minutes. Nobody knows what's going on. The code on the transaction is a BLT (or BTL). They're currently trying to figure out what this code means because they don't even know. They can't tell where the money went either. The branch staff have been awesome though in trying to resolve this. Still no access to my money though :( + +17/7/2015 10:58am: Been back to the bank. They're currently sending emails to other colleagues higher up to see if they can take a look at it. At the moment I'm in limbo, and I'm still not allowed access to my money. Just sitting around now waiting for the bank manager to call me. It was pointless sitting around in the bank as he wasn't certain when they would respond. + +17/7/2015 11:41am: Contacted the Financial Ombudsman to see if they can sort this. Their response ... they can't really do anything. They will start the complaint, but the bank has 8 weeks to respond. + +I explained my situation, and I asked if this would be considered an exceptional case and asked if she could do anything to speed it up. She said she would email the bank regarding the complaint immediately to try speed things up. She admitted though, at this stage the FO is powerless. I have gone through with the complaint and got my reference number. + +My concern is it's now 1.25pm, and nobody has called. I've been to the bank so many times I feel worried that I'm just an annoyance to them now. There's nothing more they can do except wait. If this isn't sorted today then I'm left with nothing over the weekend :( My electric just ran out too! I hope to God they sort this today and not leave it until Monday! + +I have explained all of this to the people at the bank. They are sympathetic, but are unable to override anything to allow me access to my funds. + +17/7/2015 2:23pm: Barclays called. I can take out the £290 that's benefits. The other money that was in my account I am not allowed. I think by law they have to make the benefits available. My other money is still tied up. They still can't confirm what's going on, or what has gone wrong. This is not solved. Far from it. My account is still stuck in debt and I am not allowed to access any money that's not from benefits. So my savings are stuck. + +At least I have money over the weekend, that's something. + +17/7/2015 3:27: Got the benefits money. Was denied the rest of my cash. Nobody knows when it will be sorted, or what's happened. I will keep this updated when I hear something. I'm very interested to know how this happened. + +18/7/2015 9:45am: Bank still in debt. Looks like it will stay that way over the weekend. So much for them treating this as a matter of urgency ... + +19/7/2015 10:42: Bank still the same. Still no news to report. Didn't expect anything to happen on a Sunday anyway. + +My partner has tweeted this to Barclays if you want to retweet: https://twitter.com/sian_ellis89/status/622477622547730432/ [samples](http://edmtheory.com) + +Hello, all! + +Things have become a little complicated so this won't be the typical update but I still wanted to inform everyone on what is happening with my journey. + +# Platforms + +**TradingView** \- I am completely done with this program. I was in the middle of an active trade and had 3 tabs open. It logged me out in the middle of the trade because I had too many tabs open. Mind you, I am paying for their highest service which allows you to use multiple tabs. I ended up losing the trade as I scrambled to log back in before the trade was over. I sent them numerous messages complaining asking for my money back. I will let you all know how that conversation goes. Thankfully, it was a small leverage trade because I decided to size down while I continue to learn. + +**TradeStation** \- This is now where all of my trading takes place. I am still learning it so again, perfect timing for me to reduce leverage while I continue developing my strategy and learn how to properly operate the software. There are still several things I'm not a fan of with TradeStation, one being that I cannot begin trading until 8am and truthfully, I would love to have the ability to trade full pre-market. Another thing is I very much dislike their charting software. This very well could be due to a lack of setup, so for now I will continue playing with it and if I could get to a place I enjoy then I will likely stay with them. ToS is on my radar for my next broker if TradeStation doesn't work out. + +**TradesViz -** I will be using this as my new journaling software once I work some things out. The customer service is absolutely unbeatable. I opened up a chat window while I was on stream and the individual on the other end actually joined my stream and we had a huge conversation about the issues I was having with journaling software. Not only did they spend literal hours with me and answered questions for the stream, they also asked me to email them an excel file and edited their code to accept the files from my broker. Incredible experience, the software is fantastic, but the customer service is what made me really want to make the change. + +While I am fixing these changes I won't be posting my traditional updates with my stats and trade reviews. I expect to have everything setup and ready to go for next week, so you will likely begin seeing my updates again in the next 1-2 weeks. + +# Trades + +I lost money Week 6, I think around $250 however, a lot of this had to do with all of the program changes I explained above. So I scaled back my leverage and I will continue preparing to start fully daytrading again with statistics for you all. + +I'm sure you all saw what happened with SPCE and most of you know I was holding a losing position on that for quite some time. I closed half of my position yesterday for a $2500 which makes back all of my losses from learning to day trade and then some. + +I still have half of my position and I am using today to add to said position. + +I am still long on ACTC and have no intent on doing anything with that position for potentially years. + +The other long positions I am holding are very small leverage and speculative so not worth mentioning at this point. + +# Psychology + +I feel so much better than I have in a long time. I feel that the psychological battle is done and the fear that was preventing me from trading is all but gone. The biggest struggle left is just the psychology of following my rules, but those rules become so easy to bend as you watch the market change before your very eyes. I know the market pays you to be disciplined and this is something I obviously need to correct if I want to be a profitable trader. I firmly believe I am on the right path and the consistency I am showing will make me successful. + +# Strategy + +I decided to go back to low cap scalping again because of the incredible amount of money that could be made there. I was quickly reminded about the incredible amount of money that could be lost as well. + +I decided that protecting my capital is more important than increasing it right now so I will be sticking with the larger cap stocks as I continue my training. + +Here is the rough strategy right now: + +Max Daily Loss: $100 + +Risk/Reward: 1:1 minimum but I am typically looking for 1:2 entries, I will however shamelessly close positions early if I don't have the warm and fuzzies about my position. I know that technically reduces my r:r, however, the realized profits feel so much better than the potential of larger gains. + +Biggest mistake: It hasn't changed, I still cut my winners too early and hold my losers too long. Although, so far with Week 7 I have not fallen prey to this trap. + +Trading: So what am I actually trading? Well, like I said many large/megacap but I still look for midcap to trade. The main idea behind my strategy is I scalp consolidation periods looking for 0.10 gains. I follow a 1:1 r:r and I am willing to cut winners at 0.07 if I think it might move against me. + +As the consolidation period approaches the apex, I look to enter a trade on the correct side of the breakout with a relatively tight stop. If I am on the wrong side, I get stopped out. If I am on the right side, I don't scalp, but instead I switch to a more swing trading mentality and convert my stop to a trailing stop attempting to capture as many profits as I can. + +That's about it right now. + +I will continue trying this strategy and getting all the software functioning properly, once I have the software all functioning correctly then I will begin my normal updates again that include all of my statistics. Thanks everyone! +I moved my money out of a to-big-to-fail over a year ago and aside from my personal satisfaction with my local banker, I am unaware of this move having any effect. + + +Is there any evidence, factual or anecdotal, of this campaign accomplishing anything? + +EDIT: +My summary after watching this thread for 24 hours. + +* anecdotes are more common than facts. (I probably shouldn't be surprised.) +* Interesting observations from credit unions employees that deposits are increasing. I would like to know if this trend is for all forms of banking or just credit unions. +* customer deposits are not an important revenue stream for some banks and removing them is unlikely to change any unethical business practices there. +* A banks website, ATM's, customer support, and other conveniences are important. In some cases the most important reason for choosing a bank. +* Many people have positive or empowered feelings after moving banks. + + + + +Hey everyone, I need help not blowing a once in a lifetime opportunity. + +Through an unexpected event I will be receiving approximately 250-350k sometime this year. I recognize I'm incredibly fortunate to have this opportunity. I also recognize that If I play my cards right, I could set myself up for a prosperous life (monetarily speaking). + +DEMOGRAPHIC: +- 22y/o M +- Current salary of 60-70k/yr +- Currently living with my family, no debt, no rent, no dependants +- currently working on my TFSA investment portfolio (contributing an additional 1k/month and DCA down) +- Moderate risk tolerance +- Can commit to indefinite investing time frame + Living in BC + +MY GOAL: +As I dont need this money now and have a good income, I plan to use this $ to: invest all (or most) of the money wisely, attain assets, set myself up for a prosperous future. + +MY PLAN: +I've known these funds would be coming my way for a while. Over the last few months I've dedicated several hours a week to learning about finances in the quest to become more financially literate. + +I believe I have a good foundational knowledge of money now, and am excited to continue learning. + +My QUESTIONS: + +There are several investment strategies I've researched and am curious about, and would like to hear YOUR thoughts about how you would invest this money if you were in my position. + +- Buying vs renting a home +(I've heard interesting points from people on both sides(("house is a liability not an asset)) + + +- diversified and annualy re balanced ETF portfolio vs having a financial advisor handle stock portfolio + + +What would you do in my position? I'd love to hear your thoughts. + +*sub title was just to get more interaction* +# APOLLO MISSIONS + +[Apollo 1](https://www.reddit.com/r/Superstonk/comments/s24hxt/billionaire_boys_club_bbc_ep_16_part_1_the_apollo/) (Disclaimers here) + +[Apollo 2](https://www.reddit.com/r/Superstonk/comments/s252os/billionaire_boys_club_bbc_ep_16_part_2_the_apollo/) + +[Apollo 3](https://www.reddit.com/r/Superstonk/comments/s25i88/billionaire_boys_club_bbc_ep_16_part_3_the_apollo/) + +[Apollo 4](https://www.reddit.com/r/Superstonk/comments/s28x8z/billionaire_boys_club_bbc_ep_16_part_4_the_apollo/) + +[Apollo 5](https://www.reddit.com/r/Superstonk/comments/skiff2/billionaire_boys_club_bbc_ep_16_part_5_the_apollo/) + +[Apollo 6](https://www.reddit.com/r/Superstonk/comments/taib2v/billionaire_boys_club_bbc_ep_16_part_6_the_apollo/) + +\------------------------------------------------------------ + +**I was going to add more here Apes... but I think it's best to draw a quick conclusion now, and I will add more in more parts to come.** + +\------------------------------------------------------------- + +And Here's the Problem for the Popcorn Apes... + +**George Sherman and Co**... were the Apollo Plants in Gamestop... + +Ryan Cohen has since Rooted them out and begun turning the company around. + +BUT... + +**Adam Aron and Co**... are the Apollo Plants in POPCORN COMPANY and they are **STILL IN PLAY!** + +\---------------------------------------------------------- + +So while there may be naked shorts in Popcorn... + +There may be **POTENTIAL** for a fundamental turnaround... + +And MAYBE the Private Equity Vulture Funds won't want to dismantle it... + +**They still have a man on the inside.** + +(And massive amounts of debt surprise... surprise) + +Apollo are still going to get their pound of flesh... + +And while you think you are placing your trust in this guy... + +&#x200B; + +https://preview.redd.it/hy2e3x8fm9b81.png?width=760&format=png&auto=webp&s=b2b49bc7d98a848db8f31fd9701fa301407e8f9f + +# You ACTUALLY need to DECIDE if you TRUST this guy... + +&#x200B; + +[Marc Rowan CEO of Apollo Global Managment](https://preview.redd.it/lt0nl09jm9b81.png?width=757&format=png&auto=webp&s=34a09605db5e358d547c133e83849e00606ee76a) + +&#x200B; + +# OR... these Guys + +&#x200B; + +[ Leon Black Ex-CEO of Apollo, Michael Milken the Man that Pulls the Strings and their Good Buddy Steve Cohen... yup... Point 72 ](https://preview.redd.it/tfbyugxnm9b81.png?width=751&format=png&auto=webp&s=c5708bfd63983e6d5ad8559b8a6977fe48058056) + +# OR THESE GUYS!!! + +&#x200B; + +[Michael Milken and Ken Griffin](https://preview.redd.it/0ki4nrg0n9b81.png?width=1024&format=png&auto=webp&s=7b2283c02c7ae01d7f9ca666d75f92bfe6ad6abd) + +\--------------------------------------------------------------------------------------------------------------------------- + +You see... you think you are **betting against the Shorts**... when in actual fact... **they have an inside man within the company**! + +Do you think when push comes to shove and all his **Wall Street buddies** are putting pressure on him that Adam Aron will just stand up to them for the sake of **Popcorn Apes?** + +**Ryan Cohen KNEW this IMO**... that's why he got rid of them all before setting about to build a fundamentally better company! + +\--------------------------------------------------------------------------------------------------------------------------- + +# AND HERE'S THE KICKER... + +**Apollo actually tried to BUY both Gamestop and Popcorn!!!** + +Yup... the plan was well underway by the time we saw the mini-sneeze... + +Not only that... but in the Case of Popcorn... **Apollo actually OWNS their debt**... **and Tried to get them to File for Bankruptcy...????????????** + +**ARE YOU TELLING ME... THAT THEY HADN'T PLANNED TO TAKEOVER POPCORN?** + +Source: [NYPost](https://nypost.com/2020/12/11/apollo-circling-amc-as-chain-scrambles-to-stay-afloat-sources/) + +They did seem to be a little less far along in their plans with Gamestop... and the buyout were merely rumors that caused a spike in the stock. + +Source: [CNBC](https://www.cnbc.com/2019/01/04/gamestop-shares-surge-12percent-on-report-it-could-announce-a-buyer-soon.html) + +But they had their **inside man** in there... Naked Shorting was rampant, and the company was in debt... + +Standard **Private Equity Playbook for Hostile Takeovers** in both cases!! + +**TELL ME THIS SHIT DOESN'T MAKE SENSE???** + +\-------------------------------------------------------------------------------------------------------------------------------------- + +&#x200B; + +https://preview.redd.it/hwkd042qw9b81.png?width=1400&format=png&auto=webp&s=a3da440d48f63f7536b414252bba8c77ff3a7eac + +\-------------------------------------------------------------------------------------------------------------------------------------- + +Ok... I'm going to call it here for this round of Apollo missions. + +I have pages and pages of more research on this, but I want to take the time to properly vet shit and look into things more. + +I do think there will be more to follow as there is literally tons of this shit... And this is just GME and Popcorn!!! + +\-------------------------------------------------------------------------------------------------------------------------------------- + +FUCKING PUPPY BREAK!!!! + +Aww.... he's so TINY! Who's a Tiny Puppy?? + +https://preview.redd.it/55qqbqm7y9b81.png?width=1000&format=png&auto=webp&s=cd0621ff02e331239ffac552c72f0d8875702397 + +\-------------------------------------------------------------------------------------------------------------------------------------- + +TLDR... + +Following Milkens Example of Corporate raiding by using Junk Bonds to put Companies under Financial Pressure and make them cheap for takeover... + +Apollo Global Management (Largely a Spinoff of Drexel, Milkens Company) along with many other Private Equity Companies have mastered the Corporate Raiding Strategy and brought it into modern times. + +**This includes... PLANTING SENIOR MANAGEMENT at companies that are ripe for takeovers...** + +**Getting their Hedgefund buddies and Market Makers to Short the Shit out of the Stocks** + +**Leveraging the Companies up under Massive Debt** + +**And then taking control and deciding the best way to make a profit from the carnage** + +This is a process where companies like Apollo Global, Blackstone and KKR make BILLIONS AND BILLIONS and nobody bats an eye! + +\-------------------------------------------------------------------------------------------------------------------------------------- + +AGAIN... this is not an ATTACK on POPCORN... + +This is MERELY presenting facts and adding a little speculation. + +If you disagree with me... feel free to tell me logically where I went wrong? + +**THEY TRIED TO DO THIS TO GAMESTOP TOO!** + +If you believe in POPCORN - **GET ADAM ARON TO ADDRESS THIS... COMMIT TO SOMETHING** + +He's frequently on the Youtuber Influencer shit right? Ask him the question? + +Ask him where his loyalties lie? + +**Ask him... why is PERSONAL Consulting Company is CURRENTLY in Partnership with APOLLO MANAGEMENT... who OWN THE DEBT of Popcorn... TRIED to get POPCORN to go Bankrupt... AND have close ties to those who have short Positions???** + +# DEMAND ACCOUNTABILITY JUST LIKE RYAN COHEN DID! + +READ HIS LETTER TO THE BOARD -->> [HERE](https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.pdf) + +You guys CAN make this fucking work... but don't just buy into the shit that he has your back. Right now, **IN MY OPINION**, you are in a precarious situation. + +&#x200B; + +\-------------------------------------------------------------------------------------------------------------------------------------- + +BBC NAVIGATION + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) **IS THIS THE FINAL BOSS?** + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) **The Inner Circle** + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) **THE BIG BOYS** + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) **Recess is over... You didn't think BILL GATES was involved did you?** + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) **The Foundational Strategy** + +[BBC Part 6](https://www.reddit.com/r/Superstonk/comments/oa8ynd/billionaire_boys_club_bbc_part_6_smile_for_the/) **SMILE FOR THE CAMERA KENNY...** + +[BBC Part 7](https://www.reddit.com/r/Superstonk/comments/oox1sn/the_billionaire_boys_club_bbc_episode_7_what_daf/) **What DAF fuck is this???** + +[BBC Part 8](https://www.reddit.com/r/Superstonk/comments/ope0w3/billionaire_boys_club_bbc_episode_7_the_chips_are/) **The chips are stacked against us... ALWAYS HAVE BEEN.** + +[BBC Part 9](https://www.reddit.com/r/Superstonk/comments/opp09p/billionaire_boys_club_bbc_episode_errr_9_steve/) **Steve Cohen... So HOT right now...** + +[BBC Part 10](https://www.reddit.com/r/Superstonk/comments/p1ofgr/billionaire_boys_club_bbc_episode_10_allinclusive/) **All-Inclusive Vacation of a Lifetime... to the CAYMANS! -- PART 1** + +[BBC Part 10.2](https://www.reddit.com/r/Superstonk/comments/p3a79x/billionaire_boys_club_bbc_ep_102_cayman_island/) **Cayman Island Getaway - How to hide money from the FBI + Brazilgate!** + +[BBC Part 11](https://www.reddit.com/r/Superstonk/comments/p7nl7y/billionaire_boys_clib_episode_11_bbc_billionaire/) **BILLIONAIRE BANK LOANS - Buy Borrow Die** + +[BBC Part 12](https://www.reddit.com/r/Superstonk/comments/pcp37f/billionaire_boys_club_part_12_bbc_please_prove_me/) **Kenny's WARCHEST - SPECIALIZED PURPOSE ENTITY (SPE) + Leverage** + +[BBC Part 13.1](https://www.reddit.com/r/Superstonk/comments/pv9yon/billionaire_boys_club_bbc_episode_13_part_1_do/) **Do you Swear to tell the truth, the whole truth and nothing but the truth?** + +[BBC Part 13.2](https://www.reddit.com/r/Superstonk/comments/pvr3gg/billionaire_boys_club_bbc_episode_13_part_2_the/) **Steve Cohen's TRUE form revealed** + +[BBC Part 13.3](https://www.reddit.com/r/Superstonk/comments/px80o7/vlad_lied_too_is_this_proof_and_proof_that/) **Vlad Lied too - Proof that Citadel Knew** + +[BBC Part 14](https://www.reddit.com/r/Superstonk/comments/qicm2m/billionaire_boys_club_bbc_ep_14_pop_quiz_whats/) **POP QUIZ - What's Safer than a Bank?** + +[BBC Part 15](https://www.reddit.com/r/Superstonk/comments/rfgriy/billionaire_boys_club_bbc_ep_14_the_deregulation/) **The Regulation Agenda** + +[BBC Part 16.1](https://www.reddit.com/r/Superstonk/comments/s24hxt/billionaire_boys_club_bbc_ep_16_part_1_the_apollo/) **The Apollo Missions** + +\----------------------------------------------------------------------------------------------------------------------------------------- + +**Shameless PLUG:** Follow me on **TWITTER** for more GME fun:[ https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) + +\----------------------------------------------------------------------------------------------------------------------------------------- + +Apes... if you feel this is as big as I think it is... **please share it.** +I went to checkout at the grocery store and only got a few things. Bread, pasta sauce , and guacamole. I thought I had around 20$ in my account so I thought I could afford it (it was around 12$ and my food stamps don't come in until Oct 1st). I normally go to self checkout but it was packed and the line with this cute girl at the register was the shortest. When I went to put my debit card in it said not authorized, so I asked to take the pasta sauce out and it still said not authorized. I was getting embarrased at this point and she asked if I wanted to try another card. I tried a different bank card but it said the same thing. I just said I would come by another time and I couldn't even look at her. I've been trying almost the whole year in interviews and can't get hired anywhere despite having a CS degree and work experience. My credit card is maxed out and thats another stressor. I was thinking about looking for a loan to pay off my credit card so I can drive for uber again. My credit score tanked in the last couple of months from the 600s to the 500s because I haven't paid my credit card in the last couple of months. +Figured maybe the sub also wanted to know what that drop was about. + +So here we go.Don't worry it's not all text, I've included pictures! + +But.. I'm a bit lazy and tired so I just Copy pasted what I said on discord: + +The drop:Yeah.. that was fun eh. almost 150 one moment, 130something the next. + +This was Sponsored by Intermarket Sweep Orders (ISO) (find best (read: \*\*lowest\*\*) price possible): + +>**Intermarket sweep orders** (**ISO**) is a type of [stock market order](https://en.wikipedia.org/wiki/Order_(exchange)) that sweeps several different market centers and scoop up as many [shares](https://en.wikipedia.org/wiki/Shares) as possible from them all.[\[1\]](https://en.wikipedia.org/wiki/Intermarket_sweep_order#cite_note-1) These work against the order-protection rule under [regulation NMS](https://en.wikipedia.org/wiki/Regulation_NMS). + +How do I know this?Well.. the trades came by in the order book with Condition F, which is Intermarket Sweep Order. + +&#x200B; + +https://preview.redd.it/p2vgjl1zflb91.png?width=544&format=png&auto=webp&s=1c475385040b19b85babd849969eba86e25090b5 + +Pages filled with it. + +https://preview.redd.it/2lzy88mlflb91.png?width=809&format=png&auto=webp&s=db6e5acf0c7316f6bee703f6d96abbe226f106c1 + +The big drop a few days ago.. same thing.The Flash crash years ago, with a book about it? Same thing. Intermarket Sweep Orders. + +Now, ISO's are pretty common, don't get me wrong.From what I saw in the order book the cause was multiple ISO's directly after eachother constantly going for lower prices.Since it's all about NBBO changes basically. Enough downwards pressure changes NBBO to lower, and exchanges adjust to that. lower NBBO means lower price.ISO sweeps up shares at best possible (read lowest) price and there she goes. + +&#x200B; + +Now, fancy pictures. + +I Made a signal charts, because why not! + +Picture 1: the Drop. + +https://preview.redd.it/a63t6qikglb91.png?width=1865&format=png&auto=webp&s=fa2583fbf2af98571045409df6601de221c954a8 + +Picture 2: the drop, extended horizontally. All the blue icons are for "400 - keep it sideways". if you look you can see it actually does go sideways! + +https://preview.redd.it/wpl35r0lglb91.png?width=1858&format=png&auto=webp&s=12f4f7160e7237843e22f113766c98b0b88aef8d + +Picture 3: an inflection point! but it wasn't allowed to go up, hence the red dot saying "1000 - don't let it run!" + +And guess what: it went down again, ISO's right?! + +https://preview.redd.it/3bgr2gxlglb91.png?width=826&format=png&auto=webp&s=05f06f94d0ed2fb51930abf606aa9c387e0f2bf2 + +Picture 4: at the end of the drop you can see white icons. These are "900 - Trade and float freely", signaling the drop is done and normal trading can resume. + +https://preview.redd.it/414t4jsmglb91.png?width=1878&format=png&auto=webp&s=c813ccf96c7e8dc86023095f00b9e17c075b9958 + +If you look you can also see red downwards arrows which are "300 - Down." indicating the price must go lower. + +Enjoy the pictures, legend is on the right. + +If you want the whole chart, u/mlebjerg will post his daily!Edit: Daily post is online! [https://www.reddit.com/r/Superstonk/comments/vz6mvs/market\_maker\_signals\_today\_20220714\_chart\_link\_in/](https://www.reddit.com/r/Superstonk/comments/vz6mvs/market_maker_signals_today_20220714_chart_link_in/)Check it out, their chart is Interactive! (unlike my pictures) + +\[Edit\]Seeing a few comments asking about the MM Signals, so here is some more reading:[The Market Maker Signal post](https://www.reddit.com/r/Superstonk/comments/u7iox3/it_is_time_to_talk_about_market_maker_signals_i/) by [u/mlebjerg](https://www.reddit.com/u/mlebjerg/). He did a great job going into details there and I expanded on it with my own data and ways in my own study: [Market Maker Signals Study on GME - Breaking Down Charts and Trades into Milliseconds.](https://www.reddit.com/r/Superstonk/comments/ufmm9o/market_maker_signals_study_on_gme_breaking_down/) + +&#x200B; + +Now, theories here about the why can be anything at this point.Critical margin line, upcoming splividend, them just showing control? + +Honestly, I don't care which one it is. I just look for weird things and this is one of them. + +Personally, I find this a very interesting display of 'MM signals'.Yeah yeah.,, I know the controversy around it, yet here we are. Looks like on that part it's exactly what they are supposed to do. + +&#x200B; + +Anyway, hope you enjoyed this tiny bit of information. + +Moass soon, peace. +How much support is there for single payer healthcare among economists? + +"In the 90s when Taiwan was trying to achieve universal coverage, they called on some of the top health economists in the world, Tsung-Mei Cheng and Uwe Reinhardt, and they recommended single payer as the most efficient way to go. They made the transition relatively quick, and they’ve successfully covered everyone quite cheaply with no long wait lists and total freedom to choose your doctor. Single payer is evidence based policy." ~ derangeddollop + + +We are proud to announce that our token MOONFIRE just launched on Pancakeswap. We will keep you updated and announce further information on our telegram channel. After reaching an increddible Marketcap of 1MM the price came down again to 200,000 Marketcap again. + +Join the Moonfire. HODL with us, sky is the limit! Hodlers will be rewarded while paper handed sellers will get rekt! The burn rate reduces the longer we join each other near the fire. In the following weeks we will be concentrating on marketing and growing our community. We will hold events on social media and engade with our followers in contests. Further down the line we are looking to find suitable influencers and partners to promote our token and the community behind it as well as getting the token listed on Coingecko and CoinMarketcap. + +This Token is made because we were sick of coins, where the majority of tokens is held by only 10 wallets. We will burn 20% of all Tokens in the beginning. 10% total supply will be held by the devs and 5% will be held by a marketing wallet. + +Total supply - 15.000.000.000 + +On every transaction 3 things will happen, tokens will be reflected to all holders (your token count increases), tokens are held back in the contract to provide LP automatically and a certain amount of tokens will be burned. + +The contract will be renounced after the Moonfire launch was successful. + +\*\*Main Features:\*\* + +✅ Automatic LP + +✅ Watch your stack grow indefinitely by the power of reflection. + +✅ Anti Whale fair launch + +\*\*Anti Whale:\*\* + +Max amount per wallet: 300.000.000 (2%) + +Max transaction size: 100.000.000 + +\*\*Rewards for Hodling:\*\* + +Proof of liquidity burn: [https://bscscan.com/tx/0xa72e5be4290164becc7d66804284fda15305dc53bee4fe82e44cb9fa3892107c](https://bscscan.com/tx/0xa72e5be4290164becc7d66804284fda15305dc53bee4fe82e44cb9fa3892107c) + +Proof of liquidity lock: [https://dxsale.app/app/pages/dxlockview?id=0&add=0x014F764015764D20090d81c617456455bd0C3E25&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0x014F764015764D20090d81c617456455bd0C3E25&type=lplock&chain=BSC) + +For more information take look at our website [https://MoonfireToken.xyz](https://moonfiretoken.xyz/) +also make sure to join our community on telegram [https://t.me/MoonFire\_official](https://t.me/MoonFire_official) +#**v2.5 now released - see inside sheet for details.** + +Hi all, + +I'm a big believer in community resources and receiving feedback to make them better and better for everyone, so after a year of work I'm releasing my automated Google Sheet to track your *entire* Networth live and month to month. I'm a *massive* Google Sheets geek. + +Link - https://docs.google.com/spreadsheets/d/1tRJzUsKBNE_JoSTiMLT0-V5zk3cwGW3lpnpboot0IGI/edit?usp=sharing + +After following AusFireBugs template I felt it didn't capture enough and that there was so much opportunity for automation, and so I made a template that makes it easy for you. + +Features: + +- Captures all parts of your financial position (property, Stocks, ETF’s, Dividends, Super etc.) + + +- Live ETF/Dividend/Crypto prices + +- The cool stuff: Automatically optimizes when & what ETF’s to buy, sends you an email when it’s purchase day and puts an entry in your Google Calender. The logic is the same as https://investcalc.github.io/ but built directly into the sheet. + +- Automatically copies your entire financial position when you save your monthly progress. This is great for watching your networth grow! + +- Emails you each month showing you how each of your assets/total NW have progressed. + +- Automatic budget that feeds into your ETF purchases & automates your monthly bank transfers. + +- Helps you keep track of all your Savings Rates giving you a sense of progression + +- Keeps track of all returns from Stocks/Dividends helping you see what’s working + +- Keeps track of your Side income & Super growth. + +- And a whole bunch of other features, *give the sheet a look to see!* + +Essentially this sheet only requires you to update a few values each month and will automatically keep track of the rest through a variety of formulas and scripts that run behind the scenes. I’ve used this sheet myself for quite a while, but the Property section is new so there might be a few bugs there. Feel free to audit the scripts yourself with Tools -> Script Editor. + +Upcoming features: + + - Weekly/2-week Pay support + + - Pocketbook parsing through CSV to help planned vs actual with budgetting + + - Leveraged investments + + - Tracking for partners + + - Better mortgage/investment optimization + + - Better debt management + + - Better Tax support + +**This Sheet took a long while to put together, so please consider sending me a small donation (even to cover Coffee!) via the donation link in the sheet. Thanks!** + +Disclaimer: This was made as a hobby and has not taken your unique circumstances into account. You should consider seeking independent legal, financial, taxation or other advice to check how information & outputs from this sheet relates to your unique circumstances. + +Please help me improve this sheet and give me feedback! I’d love to make this a better resource for all so let me know what you think. Feel free to share with others! +I officially FatFIRE’d 6 months ago and thought I’d share some thoughts. Of course, AMA about this too. + +*Finances* + +It’s definitely been a bit scary “retiring" into a bear market, but it also tests your intestinal fortitude. + +This year, my total net worth has taken a 15% hit (to date) and, obviously, I’m not earning any more FAT income from working, which tends to blunt the effects of market cycles. + +I can’t say it’s caused me any real concern, however. In fact, I’ve been waiting to invest a final tranche of cash into equities ($3 million) and plan to do that when most of my metrics are hit (e.g., S&P below 3,500, VIX over 40, Apple below 125, TSLA below 200, 2% dividend yield on the S&P, 10 year above 3.25%, which has, obviously, occurred already). Other than that, I’ve been living off of dividends and just watching annual expenses to confirm we are within our planned annual budget (i.e., our spend is about $350K annually, although it’s expected to go down a bit when my early-20s daughters begin to support themselves). + +After-tax, net passive income is between $400K and $450K, currently, so there���s a buffer. + +One problem with our financial situation is we moved to a new home in a new state during the last 6 months, which has caused us to incur moving expenses (about $20K) and we are now furnishing and remodeling our new place and have incurred remodel expenses (about $50K so far, but expect to spend at least $500K over the next 12-18 months). That’s obviously not part of our annual burn and I’ve set aside extra money to pay for it so it doesn’t cause stress, but that brings me to … stress. + +Moving itself and remodeling are big stressors, so add that on top of the stressor that is a “bear market” and then add all of that on top of the stress accompanied by being newly-RE in general and you get a "stress-sundae.” + +All that said, I still feel fucking great, which is to say that despite all the “stressors," we are financially healthy and we really don’t feel nearly as stressed as we’d thought (or what I’d have expected) at this stage of the current cycle. I have moments where I worry, of course, but 95% of the time I am a cool cucumber, at least when it comes to finances (as long as we stay within our budget). + +*Life* + +My typical days often involve something "new.” Sometimes it’s as simple as a new park, new hiking trail, or new restaurant, other times its new experiences (e.g., meeting new people, music, museums, exploring the region). And, while I’ve allowed myself a few sedentary days to just chill or, more recently, indulge in some CNBC-porn as the markets tank, I’m mostly doing something new every day as I am not a very sedentary person. + +Since we moved here, for example, we’ve gone on an impromptu camping trip (3 nights) and bought another boat (i.e., a power boat whereas we have a sailboat abroad) and explored lots of new places (overnight) on land and on the water in this region. I’ve tried yoga (not really a fan, but still feels good, and may try again), gardening (which is kind of fun, but I am a novice and not terribly interested in learning about it), and fixing stuff around the house (always frustrating, but intrinsically rewarding), but I don’t put pressure on myself to do stuff and just let days unfold naturally. + +Perhaps one reason we’ve not been bored is the move/remodel itself, but also the seemingly constant stream of family and friends we’ve had visit. I looked at my calendar the other day, and it’s been virtually non-stop visitors since we’ve gotten here (i.e., we had visitors within a week of physically moving). And, during the times when we have not had visitors, we’ve gone out of town (i.e., camping, boating, or to concerts). + +What’s more, I’ve been preparing for an extended sailing trip overseas where we will be living on our sailboat for at least 6 months, and am looking forward to this upcoming adventure. So, to be fair, I have lots going on and lots to look forward to … that’s important because my philosophy of happiness is, to quote/paraphrase someone else, “somewhere to live, someone to love, something to do, and something to look forward to.” + +On a more mundane day-to-day level, I typically sleep in (usually between 9 and 10 am) … followed by wherever the day takes me … and then stay up late (usually enjoying a movie or show with my family). I’ve also gained a small amount of weight (about 5-6 lbs), partially because I’ve been enjoying so many new bars and restaurants and stopped obsessing about weighing myself every day … besides, I’m still in excellent shape, just not as skinny as before (I can barely tell) and don’t really care about a few lbs (but, of course, will not blithely let this trend continue). + +One thing that’s changed is I don’t automatically get up and shower. I actually hang out in the clothes I slept in (usually swim trunks and a t-shirt) and tool around before getting to showering daily … weird detail, I guess, but it’s part of just letting the day unfold as opposed to being in a routine. + +*Activities* + +Despite covering this above, I wanted to have a separate discussion about it. + +As I said, I’m not bored and, frankly, the days seem to fly by … I also do not miss work. In fact, I’ve done a couple of consulting jobs during this time and found them to be boring and unfulfilling. + +I’ve not, however, done some of the things I’d contemplated or enjoyed some of the things I’d thought I’d enjoy. Like yoga, as mentioned above, is just not terribly exciting for me … and while I thought I’d enjoy reading novels a bit for pleasure, it hasn’t occurred. I do continue to read online and find topics that stimulate my brain, but I’ve always done that. + +I’ve read others’ accounts of enjoying the first 6 months and then being bored. So far, at least, I see no signs of that occurring … it’s actually hard for me to spend time writing this as I’d rather go do something, but the process of doing this is, I think, mentally rewarding. + +Oh, I nearly forget. One thing I do now that’s different is I use my lack of time constraints to go out of my way to help people when given the opportunity. For example, I’ve helped return some property that was stolen (i.e., a church’s gay-pride flag that was stolen; I saw it by the side of the road and returned it to the church); picked up an older man who was walking with a gas can (he wasn’t hitching but clearly needed help); delivered mail (i.e., an Amazon package was left at my house and I delivered it to the correct house, which was weirdly a ways away!), etc … where I might have previously been in too much of a hurry or otherwise too burdened to help, I now use my extra time to stop whatever I am doing and offer my assistance to neighbors or strangers. + +*Love* + +I spend most of every day around my wife, who also RE’d. We’ve had a wonderful time together and are as in love as we’ve ever been … she’s my trusted companion and partner and our relationship is strong. I wouldn’t want to do this without her and think she’s an integral part of my happiness. So don’t misjudge this section for its brevity, however, since I think having a loving partner on board with your plans is essential. + +Anyway, I figure that’s enough of an update for posterity and/or to get the conversation started. Maybe no one will care, but at least I’ll have this to look back on and, of course, maybe my insights can help someone here. +So I found it somehow funny... I am an immigrant from a poor country and recently finished my studies here in Canada. I was struggling in the past few months to land a job and also doing food delivery to pay the bills. I have been through intense job interviews recently, which didn't give me time to hustle with delivery apps. It actually paid off and today I started my first day at my new job that pays a little above 150k per year but my credit cards are all maxed out and I haven't had a breakfast yet. I did some delivery yesterday but its money haven't arrived to my account yet, but I'm hopeful that it might arrive later on today...Couldn't focus on my orientation meeting at all due to hunger haha... hopefully, I don't need to go over the hell I have been through in the past few months but it really humbled me! + +&#x200B; + +Edit: + +Thank you everyone for all your positive comments!! I'm glad that even in the loneliest and darkest times, there are kind people out there who uplift you with their words!! My payment didn't go through yet but I found a pasta pack in the pantry out of nowhere that will keep me fine until tomorrow. I think the payment will go through today evening or tomorrow morning for sure. Also, thanks for your suggestions, I read all your comments but find it a bit hard to reply cause I'm still on the job :) The position is remote and I work from my room so there is no free food unfortunately but that's fine for now. +Gamestop's NFT Marketplace will be available before the end of the next trading week (before Saturday 5th of March), and I'll take a ban from the subreddit if it doesn't happen since I'm 100% convinced. + +Today GME moved another 2.000.000 IMX coins, if you add up the 1.700.000 they moved last week or whenever, it's 3.700.000. When they announced the GME x IMX thing, they showed some milestones, the last one said that, if achieved, GME would move a total on 3.7M IMX coins 48h before the Marketplace goes live. + +I barely remember what I ate today so probably all of this is wrong, NFA. + +Edit: I wasn't aware of the mods opinion on this until some of you pointed it out. If I'm wrong, I'll donate £100 to JuegaTerapia (juegaterapia.org), it's a spanish organization that provides therapy through gaming (and more stuff like chemo, etc.) to kids with cancer or terminal ilnesses. + +Edit2: F in the chat. [Post](https://www.reddit.com/r/Superstonk/comments/t6pcvd/an_ape_always_pays_its_debts_gg/?utm_medium=android_app&utm_source=share) +Backstory - I just started a new job making $45,000 a year which is huge for me since I was making $11.50/hr!!! (Single mom with two kids and live in a state with low cost of living) I am budgeting my finances for when I get my first paycheck and after the bills are paid, I’m literally going to have the same amount leftover each month as my old job. WTF. I guess the difference is I can finally afford to live in a rent house but I will be paying about $350/mo for daycare, and paying for healthcare now. I just can’t figure out how people buy expensive clothes or afford car payments, vacations, etc... + +It makes me kind of rethink this opportunity....I was working from home and while the pay sucked ass, I was off in time to pick up my son from school and had a lot of time to run errands and take them to the park and stuff. Idk, I’m just kind of discouraged right now. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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I wrote one up for myself and even with 2 luxury vacations a year (business class, 5 star hotel), weekly cleaning service, shopping, eating out, and beauty services, I’m still under 100k a year. This is assuming a paid off home and property taxes/maintenance under 20k a year. + “After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There’s a problem, though: They are dancing in a room in which the clocks have no hands.” + +\- Warren Buffett, Chairman’s Letter to Shareholders of Berkshire Hathaway (February 28, 2001) +For me, I remember very clearly the first time the concept was introduced into my head. It was 1995 and I was 16 year old kid down on his luck and wondering where I was going to go with my life. I went to see the movie “Seven” and during that movie there is a moment where the profile of the killer is being described. One of the things they knew of the killer was that he must be “Independently Wealthy”. + +Independently Wealthy. + +For the rest of the movie I couldn’t stop thinking about that term. To have enough money to do… whatever you want all day. To have enough money you didn’t have to work. To have freedom. + +That was a turning point in my thinking and knowing I had a goal to achieve. My decisions since then have been influenced by that idea, with the goal of being “Independently Wealthy”. 23 years later I still remember sitting in that theatre and rolling it over and over in my head for the rest of the show, and really my entire life since then. + +When was your turning point? +*EDIT: Thank you for the gold, kind stranger!* + +Disclaimer: I do not own XRP. These observations are my own and do not provide a single ounce of certainty behind XRP's price movements or decisions that may be made by Coinbase. I've tried to be sure these observations are factual but I may have missed key information.Take these observations for what they're worth: 0 XRP. + +In case you're curious, GDAX's Framework is here: +https://www.gdax.com/static/digital-asset-framework-2017-11.pdf + +**Notable quotes from the Framework, re: a possible XRP listing:** + +>**Decentralization** +>>The network is public, decentralized, and enables trustless consensus. + +**Status:** XRP is not decentralized, it is *distributed* and consensus is achieved, partly, through running a Validator server. Maybe you're thinking anyone can run a Validator. And that's true, you can. But will Ripple or the Banks be using your Validator? Well, here's what Ripple's website says as of today: + +>At present, Ripple (the company) cannot recommend any validators aside from the 5 core validators run by Ripple + +Well that doesn't sound very decentralized... Surely there's a catch? + +Yes, indeed there is, and it lies in the difference between the public XRP Ledger and RippleNet, which leads us to this next observation: + +>**Token Utility** +>>There is utility from obtaining, holding, participating, or spending the token. The team identifies a clear and compelling reason for the native digital asset to exist i.e. the main purpose is not fundraising. + +**Status:** Something that the Ripple company does not make abundantly clear on their website, but that you can find through your own research, is that the XRP token which is publicly traded on exchanges (the XRP you might own right now) is not in fact the same currency being used by all of the big bank announcements we've seen for Ripple. *That* currency is the stuff of RippleNet, and you do not have access to purchase or trade it. It's built on the same technology, sure, but as of today you can't get into that market, and while you certainly *could* sell your XRP to banks they have no reason to buy it because it is not what they use. + +Lastly: + +>**Team Ownership** +>>The ownership stake retained by the team is a minority stake. There should be a lock-up period and +reasonable vesting schedule to ensure the team is economically incentivized to improve the network +into the future. + +**Status:** The majority of XRP is not in circulation. As of this writing, there are 38.7 billion XRP in circulation, out of the total which sits slightly under 100 billion. By far, the current largest holder of XRP is the team itself, with tens of billions of XRP. But, at least they have locked the XRP up in vesting periods. + +Well, just thought those were some things worth considering. Remember, I have no idea whether Coinbase is going to list XRP. I wouldn't be surprised if they do, and I wouldn't be surprised if they don't. This is crypto, anything can happen. Good luck out there! + + +(Edited to fix words and removed some stuff that doesn't matter) + +The problem with me is I am able to somewhat decide when to enter the particular industry /stock but I get stuck when I decide to take exit . Sometimes it is the greed of getting more and more profit on that stock, sometimes it is like the industry to which stock belongs has a lot of future scope . These things put me in dilemma and I ain't able to decide what are the factors one should consider while taking an exit from a particular stock and when should the alarm be triggered to indicate that hey you need to exit now . +IM SO HAPPYYYYYYYY!!!!! I have 7,500 dollars saved up with 500 in my checking account after so long. I FINALLY FEEL FREEE!!! I feel like I am above water for once and okay. i’ve been working to get to this point for so long, and I am finally here. + +I only get paid 850 every 2 weeks after 401k and health care contributions, so it was really hard to do this. (also my tax refund helped me too) +Parts for those that can't see it : + +Peter Baum’s company in New York, Baum-Essex, uses factories in China and Southeast Asia to make umbrellas for Costco, cotton bags for Walmart and ceramics for Bed Bath & Beyond. Six months ago, he was paying about $2,500 to ship a 40-foot container to California. + +“We just paid $6700,” he said. “This is the highest freight rate that I have seen in 45 years in the business.” + +In early September, he waited 90 days to secure space on a ship for a container of wicker chairs and tables. + +Another U.S. importer, Highline United, which imports women’s shoes from China and Hong Kong for brands like Ash, Isaac Mizrahi, is paying more than five times its usual price for shipping. + +“It’s a classic supply and demand issue,’’ said Kim Bradley, the chief operating officer of the company, which is based in Dedham, Mass. + +‘I’ve Never Seen Anything Like This’: Chaos Strikes Global Shipping https://www.nytimes.com/2021/03/06/business/global-shipping.html + +I have DAC + DSX + CTRM + SINO + +Others I looked at: ZIM + GNK + SB + INSW + TOPS + SHIP + SBLK + +Podcast someone on here recommended . Around min 50 + +https://open.spotify.com/episode/41HEFJQiMSeKCzCTRBpITJ?si=ypUcXV9yRz6XhekHp7iJ_Q&utm_source=copy-link +I am a 34 year old single male. + +When I was 29 I told myself I wanted to have $1mm by 35. As of today, I was able to hit my goal while still 34! Haven't felt this excited for a while. My dream of FIRE is starting to feel real. + + +I hadn't really thought about the idea of retiring early until I was 28 or 29. Back then I thought I could do it once I hit 1mm, which was insane looking back because I am in an ultra HCOL area and I've since decided I want kids. But still, even if the long-term goal has shifted, I'm really really proud of myself for getting here. I've long imagined how 7 digits would look on my Personal Capital net worth screen. Well, it's a bit surreal. + + +I'd like to say I'm a smart investor, or that I started a successful business, or even that I'm a tech bro. But now, I just bounced around consulting and corporate jobs in NYC since I was 21. Nothing exciting. + + +Also, since the below includes a lot of privileged scenarios (good school, good job, etc.) I want to preface to say I am an immigrant and was dirt poor growing up. I certainly have my parents to thank for putting me in a position to be here by instilling a sense of hard work and respect for education when I was younger. So, thank you mom and dad! + + +Here are some lessons I've learned over the course of the last 15 years. Not all are applicable to everyone at every stage of life. Some will maybe piss people off. Many are cynical. Sorry in advance. + + +* __Go to a good school if you can__, even if it will cost you more on loans. It will open so many doors career-wise, not only at the start, but for decades after. + +* __Get a marketable degree__. I was picking between psychology and economics and I went with the more practical one even if I was less interested in it. I treated college as a resume builder, not as a place to take only interesting courses. I regret parts of this now. But it was a cynical, practical view that I appreciate now, looking back, especially because I knew nothing about FIRE at the time and could have easily made a mistake here. I've had plenty of time to pursue personal interests outside of school, so I don’t regret it too much. +- I also want to qualify the above by saying that I work with plenty of people who have gotten amazing high paying jobs from less prestigious schools and with less practical majors (e.g., philosophy). But they are rarer, and it took a lot more luck and hustle to get here for them. By all means it is possible, and probably brings a greater sense of accomplishment with it. It wasn’t the path I took though, so I cannot speak to it. +- __Follow the money, within reason__. I've learned this lesson the hard way a few times, but luckily ended up getting back on track by the time I was 31. I turned down the highest paying job out there out of school to become a consultant instead because I liked it better (which still paid great). I stuck around for several years but I got burnt out by the hours and I took a lower paying job I thought I'd like. Well it turned out to be boring and I got paid less. Wasn't thinking about money at the time. Switched jobs again and worked at a start up, didn't get paid great. Was interesting but ultimately less interesting than consulting ever was. I realized the folly of my ways and decided to forget following my half-assed dreams and just make money instead. I went to work for a big company in NYC where I've been on the fast track based on my performance and have a lot of stability even though the place can drive me crazy with bureaucracy sometimes. But I'm at peace with it. My goal is to FIRE, not to change the world in corporate America or to find my inner soul in a cubicle. It has made me a lot more resilient when things don’t go great at work, since I know I am working toward a real tangible goal. For me, I realized that a high paying job will always feel like work, and that following your passion is something you can do when you're retired at 40. Don't mix the two up. I know this is cynical and a lot of people will disagree, but it's just my personal view. Look, I know LAWYERS who are passionate about LAW. Good for them. That's not me. My passions are guitar and psychology and sports. So it was either passion or money, but not both. I finally stopped pussyfooting around and I picked money. And I feel a lot more at peace with life. +- __Learn to budget__, learn to spend selectively. This one is easier for me because I do not have expensive tastes, but I did force myself to stay on a strict budget, manually recording every purchase for an entire year when I was 32 just to get a sense of where the leaks in my spending were. It was eye-opening. I suggest everyone try it at least once. Honestly though, the fast track to becoming wealthy is income, not spending. No matter how much you save, it will always be easier to get to your goals by making more. So from that perspective, while I practice frugality, I am under no false pretenses that it was my frugality that got me here. +- __Find the right partner__. My girlfriend (who I plan on marrying) is also frugal and okay with my plan to FIRE. It’s a weird passion…many people don’t understand. This was something I actively considered when dating people. Would they be okay with my dream? Would they judge me? Would they resent me? Would they use me? The person I plan to spend the rest of my life with is someone who happens to pass all those tests, which is a great feeling. Not everyone I’ve ever dated would have felt the same. I am blessed, but I also took a proactive approach in finding someone who I thought would be a good fit in that regard. It didn’t just happen by going on dates and hoping for the best. +- __Stay invested__. The economic boom since 2009 has been tremendous for building my net worth. I am very fortunate in that regard. I don’t expect the world to always be that rosy, so I invest more conservatively than many here. But it’s what helps me sleep at night. Regardless of your allocation, staying invested is likely the best way to not fall behind and to turbo charge your FIRE goals over the longer run. + +Sorry for the word vomit. Hopefully a bit of this was interesting or helpful for someone out there. Thank you for reading and for letting me share my excitement with you all! +https://www.theage.com.au/politics/federal/crunch-meeting-rba-faces-test-on-another-large-rate-rise-20221003-p5bmqq.html + +**"Big Rate Hikes Raising the risk of Recession: Economists"** + +> AMP Capital chief economist Shane Oliver said if the Reserve Bank moved rates in line with financial market expectations, the economy would tumble into recession. + + +So what'll it be? 50 basis points and raise the risk of recession? Or 25 basis points and live with hyper-inflation? Interesting choice...for me the answer is clear...75 basis points and send a message! +"Seeing BCG is worse than finding the slender man in the back of your family portrait. For a public school system, this is like finding the grim reaper at your front door. And he's not selling cookies." - Peter Greene, Little Rock Arkansas English Teacher, 2015 + +**TL;dr - Apes I am floored. All the big players are here and they're all in cahoots with BCG's Corporate Education plan, "America's Education System at a Crossroads: New Research and Insights on Business-Educator Partnerships in PreK-12 Education." Who hired the overpriced consultants?: Bill Gates, The Walton Family, Jeffrey Yass, Betsy Devos, Mitt Romney, Benjamin Netanyahu, Jeb Bush, and many many new names to dive into.** + +&#x200B; + +https://preview.redd.it/3pln2r8v75s81.png?width=777&format=png&auto=webp&s=84617b356a6a5100c2eee46dd85e3f6d008872b9 + +**I think RC might be taking on "The Big Three", the world's three largest strategy** **consulting firms** **because they are nepotic and inter-connected at an elite level:** + +* **McKinsey & Company** +* **Boston Consulting Group** +* **Bain & Company** + +&#x200B; + +https://preview.redd.it/ph72ksuoa5s81.png?width=1734&format=png&auto=webp&s=74dd986961d3e7714b951cca6b8f57d9d84312fc + + **THE YASS NETWORK IN ACTION** + +Late last year, at a Renaissance Charter Stetson Middle School event, the **Gates Foundation** reappeared in Philly, not to announce that the New Media Technology charter school it founded with the Black Alliance for Educational Options (BAEO) was being managed by a criminal, but to promise $100,000 and possibly more to help Mayor Nutter and the SRC start the Philadelphia Great Schools Compact. A new accountability program and signed deal between traditional and charter schools, the compact establishes an Office of Charter Schools and promotes, thanks to the newly formed Philadelphia School Partnership, a parochial school agenda. Philadelphia School Partnership is a fund raising, school assessment group that seeks to convert low-performing schools into corporate factories and religious institutions. + +**Both the Gates and BCG plans for Philly are right on target with the Philadelphia School Partnership’s corporate/voucher plot.** + +The Philadelphia School Partnership’s (PSP) corporatist/voucher/charter connections run deep. One PSP board member, **Janine Yass**, founded the Boys’ Latin School in 2007, where lawmaker Anthony Williams’ former staffer and BAEO member Dawn Chavous is now secretary of its board. Along with Kevin Chavous (DFER/BAEO leader and cousin to Dawn), Chris Whittle (formerly of Edison Schools), and Jeanne Allen (past Corbett adviser), **Janine Yass sits on the board of directors for the Center for Education Reform (CER)**, a pro-choice group launched in D.C. in 1993. In fact, Yass’ love affair with CER goes back to at least 2006, when she, past Bush Secretary of Education Rod Paige, New York City Schools Chancellor Joel Klein, Sallie Mae founder Al Lord, then-Indiana Republican state senator Teresa Lubbers, and others were celebrated for anti-public school accomplishments. + +**Janine is married to Susquehanna International Group’s Jeff Yass, a big funder of anti-public school groups across the country.** Along with Jeff’s partner Arthur Dantchik, Janine Yass donated $1,000 to Dan Harvell’s unsuccessful 2006 run for the GOP primary in House District 7, South Carolina. Blogger Gervais S. Bridges has found that, in this race, 86% of Harvell’s campaign funding came from out-of-state voucher supporters. Americans for Limited Government’s Howard Rich, who currently sits with Jeff Yass on the Cato Institute’s board, also tossed $1,000 to Harvell’s voucher campaign. + +source: [In the City of Corporate Love and Beyond: The Boston Consulting Group, Gates, and the Filthy Rich – Common Errant (btownerrant.com)](http://btownerrant.com/2012/05/18/in-the-city-of-corporate-love-and-beyond-the-boston-consulting-group-gates-and-the-filthy-rich/) + +https://preview.redd.it/wn02lgv3d5s81.png?width=1225&format=png&auto=webp&s=9bb3df82388b5369eb6a7a6e8eca966de2d6a558 + +**BCG’S SISTER CITES: THE CORPORATE SCHOOL PLAN FOR CLEVELAND AND PHILLY** + +This month, Cleveland’s Mayor Frank Jackson is attempting to persuade the Ohio state legislature to buy into a corporate school transformation plan that BCG and others have been setting in motion since 2009. + +**In Cleveland, BCG has utilized the same slash-and-burn tactics as in Philly.** + +To set up the kill, BCG’s 2009 Cleveland plan (PDF ), which also included “reports” on school turnarounds from Education First and theme schools from the Council of the Great City Schools, doesn’t detail cost-saving strategies. + +**BCG AT THE PEARLY GATES** + +In Illinois, BCG sold itself to the **Gates Foundation**, Joyce Foundation, Education First, and several sell-out leaders to help launch Advance Illinois. On the Advance Illinois board, BCG’s senior partner and managing director Marin Gjaja joined former Illinois governor Jim Edgar and State Farm’s Edward B. Rust, Jr., the former chair of the Business Roundtable’s Education Initiative and a McGraw-Hill board member, who has been on the public schools’ enemy list for years. In January 2012, just months after Advance Illinois aided in Stand for Children’s legislative buyout by spreading reform propaganda, BCG’s Shalini Unnikrishnan addressed the Illinois Joint Interim Task Force on Accountable Schools concerning the Illinois school report card, alongside Advance Illinois’ Robin Steans, daughter of Harrison Steans, the chairman of the executive committee at Financial Investments Corporation who sat on Mayor Daly’s charter school-expanding Renaissance School Fund board. BCG revamped the Illinois school report card in 2011 by organizing 60 state-wide focus groups, but this wasn’t the firm’s first Illinois rodeo. In fact, in 2005, as CEO Arne Duncan applauded, the Gates Foundation paid BCG and the American Institutes for Research $2.3 million to devise a managing “portfolio” for the Chicago Public Schools. + +**Gates rehired BCG to write the proposal (PDF) for North Carolina’s Race to the Top bid**, after he bankrolled the firm’s 2007 North Carolina District and School Transformation plan. + +**In 2009, in order to win a $100 million Gates grant to set up an anti-teacher plan in Florida, Hillsborough County Schools hired, with Gates Foundation money, BCG to do focus groups**, survey teachers and administrators, and write up the grant proposal. For community engagement meetings in February and May 2010, besides BCG and Gates representatives, several members of the United Way were on hand, too, as they are in Philly. Hillsborough won the Gates Foundation Empowering Effective Teachers Grant, and the Hillsborough County Teachers Association willingly signed on. + +**BCG won the gig to develop the “teacher effectiveness” system for Hillsborough, too.** BCG and Gates have been involved in “boosting teacher effectiveness” in Prince George’s County Public Schools in Maryland and “improving student outcomes” in the Los Angeles Unified School District. + +**According to currently available tax records, since 2008 Gates has paid BCG $35.5 million.** + +&#x200B; + +https://preview.redd.it/sigq4ftke5s81.png?width=1450&format=png&auto=webp&s=c00185da642a244b101df5b180f997eab63c5d75 + +**Boston Consulting Group: Another Dark Horseman** + +Word went out today that immediately after Arkansas decided to make Little Rock Schools non-public, the **Walton family** called a "focus group" meeting "in conjunction with the Boston Consulting Group. This is worse than finding the slender man in the back of your family portrait. For a public school system, this is finding the grim reaper at your front door. And he's not selling cookies. + +The Boston Consulting Group is often referred to as " management consulting group." That's not entirely accurate. BCG is one of The Big Three consulting groups-- the other two are McKinsey and Bain. People love working there, and the people who work there are recruited heavily from the very toppest universities. These are the guys that Fortune 500 companies call for help making money. Forbes lists them as America's 112th largest private company. Gutting and stripping school districts does not even require a tenth of their power or attention. They are officially scary. + +source: [CURMUDGUCATION: Boston Consulting Group: Another Dark Horseman](https://curmudgucation.blogspot.com/2015/01/boston-consulting-group-another-dark.html?m=1) + +&#x200B; + +https://preview.redd.it/1lta1ysxe5s81.png?width=1103&format=png&auto=webp&s=85ba08024047e6a5c0aabca9deffdc66204766ab + +source: [Walton Foundation sets meeting in Little Rock schools - Arkansas Times (arktimes.com)](https://arktimes.com/arkansas-blog/2015/01/31/walton-foundation-sets-meeting-in-little-rock-schools) + +**Diane Ravitch,** a former school reform advocate who now deplores the takeover of American education by the billionaire reformers, [has written on her popular blog in the past](http://dianeravitch.net/2012/12/03/beware-the-boston-consulting-group/) about the arrival of **Boston Consulting Group** in other school districts. It can be expected to  recommend privatized schools, as it has done in Memphis and Philadelphia. Ravitch wrote: + +**Wherever the Boston Consulting Group goes, certain outcomes are predictable:** + +**1. It will recommend closing public schools.** + +**2. It will recommend opening privately managed charter schools.** + +**3. Most of the schools closed will be in African-American neighborhoods.** + +**4. Most of the teachers laid off will be African American.** + +**5. The Boston Consulting Group will get a fee that is outrageous in comparison to the work they do in writing a report (the report is everywhere the same, just change the name of the city).** + +&#x200B; + +# There is something fundamentally antidemocratic about relinquishing control of the public education policy agenda to private foundations run by society’s wealthiest people. + +&#x200B; + +“Children and animals must be protected at all costs”. I think RC's team is digging up these disgusting discoveries as well. + +https://preview.redd.it/ggm6d6c9e5s81.png?width=902&format=png&auto=webp&s=acd841312460c43d14cea5d442c6a2c7d305330c +https://www.hawaiinewsnow.com/2020/01/19/multiple-honolulu-police-officers-injured-shooting-near-diamond-head/ + +Scary things I don’t want to deal with as a landlord, for 2000 Alex. +I saw [this article](https://gamerant.com/gamestop-black-friday-leak-customer-info-data-breach/) on a gaming console sub and half the comments were lambasting GameStop and half the comments seemed like apes defending GameStop. + +I read the article and was confused and read several more and saw that their sources cited were REDDIT AND TWITTER COMMENTS. + +Well that's FUDDY as hell already. + +I searched on this sub to try to find more information but there was nothing. + +So I made [this post](https://www.reddit.com/r/Superstonk/comments/z632hd/saw_this_trending_in_a_console_sub_claiming_the/) and was downvoted pretty much to oblivion but one comment (which was deleted but idk why) linked to a Twitter user who [had messaged GameStop directly about the issue](https://twitter.com/kyl0z3n/status/1596590021515292672?s=46&t=6kfaM8NRWxsSDHqdRNwOWw). As you can see it was simply randomized test data created by GameStop, NOT real information and the "leak" was simply a glitch that exposed it to the users. The issue was resolved within a day and it makes sense they didn't make an announcement because it wasn't a big issue and there were no damages. + +Now, there are many comments on Twitter and various subs talking about this and reposting very FUDDY articles. Many of the comments are saying VERY similar things that don't make sense. For instance, a Twitter user claims that they saw their friend's credit card information pop up. Like....how tf? The chances of someone you know popping up would be insanely slim, and if it was just their credit card how would you ever think to verify that it's your friends???? I guess MAYBE if it had their name or address attached but it all seems fishy. + +At any rate, after looking through this a bit it seems like a concentrated effort to put out unverified and unsubstantiated claims to allege some kind of large data breach or that your data is unsafe with GameStop when this is obviously not the case. It's FUD through and through and highly sus they're popping up everywhere all of a sudden saying the same things. It seems like someone wants to sow fear into using the GameStop website. + +This makes sense because GameStop is moving into becoming an e-commerce powerhouse. Shorters who want GameStop to fail would want customers to be afraid of giving their data and buying through GameStop. + +I have never had issues with the website and have been impressed at the quality of service I've received when purchasing items through it after RC's turnaround. + +Anyways, wanted to give everyone a heads up. + +Buy, Hodl, DRS, NFA, etc. etc. + +EDIT: I wanna add that it's sus as hell that the author's of those articles NEVER REACHED OUT TO GAMESTOP DIRECTLY FOR COMMENT. Even a regard like me knows that's basic journalism yeesh. They literally pumped out articles based on random social media comments. +>KEY POINTS + +> - Silicon-Valley start-up trading app said it was experienced an outage on Monday. + +> - The technical problems come amid the market’s attempt at a rebound from the worst week for stocks since the financial crisis fueled by investor panic surrounding the fast-spreading coronavirus. + +> - “We are experiencing a system-wide outage. We are working to resolve this issue as soon as possible,” the company said in a message to clients on Monday. + +[CNBC](https://www.cnbc.com/2020/03/02/robinhood-says-its-experiencing-a-system-wide-outage-as-markets-rebound-in-heavy-volume-monday.html) +So I seen a ton of posts of people who make 60-75k per year day trading and they did that for 3+ years but they also have a job. My question if they are consistent with that why don’t they double their accounts so they could make $120-150k per year instead so they could fully quit? I understand that relying on daytrading as a income could make you more emotional but if you do have some spare money to maybe pay enough bills for a year then why do they continue to work and daytrade? + For a lot of people, everything went downhill because of the bear market. A lot of paperhands gave up when the $20k support of BTC broke. A lot of founders filed for bankruptcy, so-called "hacks" happened, rug pulls, and a lot more chaos. It’s funny how you can even make a documentary because of all the things that went down this year. Anyways, as the title goes, other than DCA, staking stablecoins is my go-to. My fiat for DCA is now MOSTLY invested in stablecoins. + +Yes, It has LOTS of risks but it depends on what DeFi platform you are using, and the coins you are staking. It depends on your risk tolerance and how you will lessen it. + +There are a lot of ways to reduce risks. Examples are: + +\- Spreading your coins to mitigate risk + +\- Researching the tokenomics, + +\- Project TVL and profitability + +\- Ensuring that it is legal and audited, and so on. + +Most people keep a part of their crypto portfolios in stablecoins during a bear market. It doesn't hurt to earn some APY during a market downturn. It’s better to stake stablecoins than let your money sit in a bank. It’s like using it as a savings account anyways. Also, sometimes the higher APY the higher the risk is not applicable to certain platforms. Zunami has an average of 24% APY and Everything is fine. Obviously, those who have 100% APY are a scam. Staking is a great way to grow your cryptocurrency holdings with little effort. + +You don't need to rebalance funds between pools or reinvest profits. I don't know how to properly use the other platforms yet so it's a good thing that the protocol does all of this for you which is great if you're starting. A lot of people here believe that stablecoin staking isn't as secure as banking as far as I'm aware. It could be true, but if we want to change, we must take a risk. I’m not aggressively risky enough not to have emergency funds in my savings account though. + + +Are there any platforms you can recommend? +Hello good people, + +I'm here full of shame asking for your help. Please be gentle, you don't need to put me down even more than I already am. + +For the past year I have been kicking myself for letting this happen but now it's too late and I want to fix this situation. + +&#x200B; + +I'm a live in nanny and I can't leave the current job because my employers are helping me to get my green card. + +Also, reason why I have a lower income than most live in nannies out there (in my area). I just need a hand on to make a budget or a schedule, + +Weekly take home is $650. + +Monthly bills: + +Sprint: $107 (iPhone forever thing, paying phone and bill together) (never again) + +car Insurance: $90 + +Debt amount, interest rate, minimum payment and due date: + +\#1 $143.18 - 20.04% - $16.68 - 12 + +~~\#2 $293.39 - 20.11% - $ 43.19 - 9~~ Paid off on Aug 26th + +\#3 $476.46 - 20.11% - $53.11 - 16 + +\#4 $1,048.53 - 20.11% - $120.50 - 5 + +\#5 $1,081.55 - 0% - $40.63 - 24 + +\#6 $2,970.21 - 23.24% - $35 - 16 + +\#7 $8,562.28 - 22.24% - $350 - 13 + +\#8 $9,098.48 - 13.19% - $228.53 - 1 + +\#9 $10,068.22 - 17.86% - $506.32 - 16 + +&#x200B; + +Absofu--ing ridiculous? Yes. How did I get here? I'm not sure, school, credit cards, trips. + +Am I now learning how to manage my money? Yes. + +I don't need to pay rent or gas, all I need is a small stipend for groceries for myself and my priority is to pay this off, so I'm ready for it. I can do it and I will do it. Thank you all. +Hi people of UKPF, + +To keep this short and to the point - I don't tick any of the boxes for requiring a TV License: + +\- I don't watch any live TV on my TV + +\- I don't download or watch any BBC programmes on demand, including BBC Iplayer + +I have a TV on which I use Netflix, Youtube, Amazon Prime video and I'm a heavy gamer so that's what I tend to do when I'm at home. + +I have even filled out the no TV License required form. Yet I keep getting letters from them claiming investigations etc. I just received one today with the first line in block red saying; "Be prepared for this investigation to lead to prosecution." + +Do I have any legal options here or do I just file away these letters and don't let the attending "officer" into my house? + +Any suggestions will be welcome! - Thanks in advance! +Congratulations on your first good ol' fashioned wsb rug pull. The future autists among you will experience many of them and keep a special memory of each. + +Many of you won't be accustomed to this and are wondering "what am I supposed to do until trading opens tomorrow"? + +You post your loss porn is what. We've all been there. It's a badge of honor. + +Remember the post a few days back about a dog getting surgery with GME gains? Today is when you post about how GME killed your dog. + +Shit, after the Luckin Coffee debacle, it was like a canine apocalypse in here. + +Anyways, just wanted to officially welcome our newly minted members. Not subscribers, members. +After hearing many many bears saying that various levels would likely provide resistance to the rally, after considering myself to sell a portion of my portfolio after the rally went beyond 2,900, the S&P 500 is now positive for the year, even excluding dividends. + +A 5% rally from here would take it to all time highs. + +EDIT: This is only PRICE return, total return would also include the almost 1% in dividends received/accrued for 2020. +I am still not sold on the idea of a neo bank and the value they bring when compared to traditional banks we currently deal with. + +I mainly see three of them making a lot of buzz in my friend circle these days: + +1. Jupiter +2. Fi +3. NiyoX + +Does anyone already bank with any of the above neo banking service? How is your experience? Is it worth it? Pros/cons? +Hey all. So two years ago I shared my budgeting spreadsheet for the first time and to this day I still get messaged daily about it. I first made this spreadsheet to help myself understand how to budget- I've always been terrible at so I made a spreadsheet that broke it down into something manageable. + +It looks like [This](https://imgur.com/a/DYbe3AO) + +I grew up very poor and had NO sense of what or even HOW to start budgeting. I was taught that money would disappear if I didn't use it, so I just USED it. Even now I still feel anxiety about money and can spend recklessly if I'm not careful. Another problem I face is that I have ADHD, so impulse control can be hard, and it can also be hard to keep track of every purchase and focus on a bunch of aspects of a budget. + +# What's new this year? + +It's been simplified! the calculations are more robust so the sheet is a bit simpler. I also changed the way that credit card info is tracked and removed the areas I didn't use. The entire spreadsheet has been rebuilt from scratch- allowing for better google sheets functions to be used. + +This spreadsheet is made so you only focus on **ONE** number. + +&#x200B; + +I had three goals in mind when I first made this sheet: + +1. That it be easy to use +2. That it focuses on a daily budget that would support me long term +3. That it be a good starting place for someone who has never budgeted or saved before + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +So how does it work? + +Instead of a spreadsheet that set up long term goals and showed you how much you were saving each month, I decided to make one that focused on one thing: Daily spendable. + +That way I could focus on just having ONE number to look at. I wouldn't be distracted by how much I had saved. it wouldn't focus on long term goals that are hard to visualize. Instead you only have to remember ONE number. + +The daily sendable gives you a limit on how much you can spend DAILY and still have enough to put into your savings and pay bills. Now In my real life, I've set this up so that I DONT see my savings at all, They get deducted from my paycheck each month and I don't see them unless an emergency pops up. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +The main budget is divided into three core areas: + +* Income: You use this to fill in your income and choose to have a monthly, weekly, or bi-weekly pay cycle. If you are a worker who is tipped it includes an area where you can add tips, my suggestion is put in your minimum average income from tips- So for example, if you usually make 100 from tips a week, even if you get extra, try to program your budget around the 100 minimum average. +* Expenses: There you can add your expenses. Utilities are bills that are for electricity, heat, phone, internet, or water. Bills are important expenses that you can't miss and are integral to living. Finally, expenses are other things you need to allocate money for- whether it be gas, lunch expenses, transportation- etc. Within your expenses there are TWO areas to which you need to pay attention:-Credit Card Summary this is new to 2020, use the tab below to fill out your information for your credit card payments. The tab will allow you to see how much you're paying and how quickly you can pay them off.. Once you have filled it out, your budget will adjust accordingly. +* Budget summary: Finally the most important part of this sheet is the budget summary- Here you will see just how much you can spend. This money is shown in three ways, the lump monthly sum, a weekly amount, or a daily amount. As long as you don't go over that number, you will have enough money for the rest of your budget. It will also feature a breakdown of what your budget it, where your money is going, and what your income VS spending is! + +# [Here is a link to the spreadsheet](https://docs.google.com/spreadsheets/d/11ZbyvolI53eggIe-pp7QQYXx71nKckJSzXGg0oRu-0s/copy#gid=0) + +The sheet includes three charts: + +* A bar graph as a simple visual tool to see if you are spending more than you are saving +* A pie chart to see where your money is distributed +* A bar graph so you can see what your credit card balance is and where you're at with each one! + +I don't work well with a lot of budgets because I have issues imagining the big picture. By giving myself a daily/weekly/monthly budget I can make sure that on any given day I haven't spent more than I'm allowed to- and if I do I can see where I'm borrowing from or where that money is supposed to come from. + +^(NOTE: All Images in the spreadsheet are from vecteezy) + +&#x200B; + +# FAQ + +* Can I import it to excel? +\- No. It will break. I specifically made this for google sheets so people could use it for free without having to buy anything. +* Why don't you just use x/y/z? +\- I'm glad these have worked for you in the past! For me- this worked really well and helps me stay on track! I've managed to save over 4k in two years! that's the most money I've ever had in my savings! +* Do you really have adhd? Why does that even matter? +\- I do have adhd and it matters to me! people with ADHD have difficulty focusing on things like the long term effects of a budget! We're wired to focus on the here and now- so it can be really hard to plan ahead. That why i tried to make a spreadsheet that worked with my quirks- instead of trying to change myself to fit some goal. +* Why don't you just save? its so easy... +\- easy for you. Financial literacy is important. VERY important. the habits we learn nd the psychological effects f poverty can make it almost impossible for a person with no knowledge of budgeting to save. I have a compulsive fear of not having enough money to eat- i also have a habit of hiding food to help calm this intrinsic fear due to PTSD. These are direct and tangible effects of poverty in my life- among other things. It serves no purpose to just say "why don't you just..." + +&#x200B; +We keep getting asked questions on this when it's mentioned in a thread so to save everyone asking (and me typing it out) here you go. + +\- You will need to apply for a US account, ID check will most likely be unnecessary as you would have been ID recently. + +\- W8-BEN forms, this will be somewhat automated. You will still need to digitally sign these. + +**Cash** + +You will have a USD cash account, you get money into this by transferring from your AUD account. The bid/ask spread (FX rate) will be 0.60%. This compares to STAKES which is \~1% and most banks at 0.50%. and others that are higher Your cash can sit in that USD account and you can move it between as much as you like. You can't transfer directly to this account. + +**Brokerage** + +We will charge $9.50 USD per trade. **Flat-rate.** Still none of this commission business or percentage fees. We'd compare this to the banks, but you know, there's no comparison at all -- they're VERY expensive. We've saved investors over $20m in fees on ASX investing\^ alone and hope to do the same with US trading. STAKE and the likes offer free brokerage but unfortunately, we're not in a position to offer that, yet, and we're lower on the exchange rate anyway... so depending on your investment it might end up similar. + +**When** + +We will be launching US trading before Christmas, with beta testing happening in a month or so, with a select few clients. A new [iOS and Android app](https://imgur.com/a/cboHElk) (WIP!) is planned for a similar period. More international markets to be added in the future. + +**Can I move US stocks to SelfWealth?** + +Yep! We'll release more details closer to launch but it's not as straight forward (for us) as moving your HIN around or moving CHESS sponsored holdings. + +Anything we've missed? Happy to add more points as the questions come in. + +FYI this is the most detailed information on US trading on SelfWealth, anywhere... + +*\^ Compared to if they had have used a particular yellow and black competitor. No, the Tigers aren't a broker.* +This seems relevant with the weekend discussion of broker shares. + +Dr Trimbath said, and wrote in her book : + +"As long as your shares are registered with the company, the fate of your shares are with the company. + +As long as your shares are with a broker the fate of your shares are with your broker." + +From Naked Short and Greedy and she also reiterated it during her DRS Origin Story on Twitter Live Space last year + +Free audio download of DRS Origin Story +https://stpadvisors.com/other-stuff + +Notes from DRS Origin Story +https://www.reddit.com/r/Superstonk/comments/pqxes6/if_you_missed_dr_ts_drs_origin_story_tonight_i/ + +Link to purchase Naked Short and Greedy Wallstreets Failure to Deliver +https://spiramus.com/naked-short-and-greedy +On CNBC, the hosts and the interviewees kept circling back to how retail investors are in over our heads. As if we're all so dumb that we don't realize these stocks can go down just like they can go up. Motherfu\*\*er, have you even been through this subreddit? We know exactly what the risks are. + +This is the sub where people post graphs from March showing themselves 1000X'ing on Puts and then losing it all right back. We get it more than you do CNBC. We know there is risk. Stop acting like you need to hold our hands and protect us. That's bullshit. None of you actually care, you're just upset that retail is absolutely killing it while your shitty portfolio is selling off. + +What exactly are we risking anyways? Most people on WSB are young with maybe a few $10K's in the bank. We are the exact people who should be taking risks. $10K invested in the stock market even over the next 30 years isn't gonna change your life. These guys are flying around in private jets telling you to save for retirement so that you won't get kicked out of your shitty apartment at 65 years old. + +This is a moment in history where billions of dollars have flowed from the rich to the poor. Where it'll end up, who knows, but I guarantee that we'd rather play the game and take the loss if it happens than sit on the sidelines and play it safe. The truth is that if you want to make it in this world, you have to take big ass risks. The downside is usually overstated. + +So yeah, fuck off CNBC analysts and stop telling us you're worried we'll get hurt. That's not your real worry. Your worry is that we're exposing how rigged the system really is. +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 want to create an FD of 20L and was looking at options. Since rates are pretty low for most banks, I was surprised to see Paytm offer 7% for a year, backed by IndusInd. + +Whats the catch? How safe is it? +The [post on the front page](https://www.reddit.com/r/Superstonk/comments/nxu0y3/i_was_not_prepared_for_fox_news_to_drop_the_mic/) linking to a story at Fox Business that rails against big money is an interesting read, and on the very thin surface is getting apes to think "They're finally listening!". To an extent they are, but not in the way that you're hoping. And it's not a political hit piece this time. + +If you look toward the top of the piece and just to the left of the by-line you will see the first clue: "OPINION". It's how MSM more or less disowns the content. + +Why, then, would they allow content that is so incendiary about big money if they are also tightly tangled with it? More money, of course. As we are "the product" in the ubiquitous cliche, they are driving traffic to their site and it's well known that apes are ever hungry for confirmation bias. Clicks are valuable. Impressions are valuable. + +Also consider the end of the article where it discloses *why* she wrote the article: "Carol Roth is a former investment banker, entrepreneur, and author of the forthcoming book "The War on Small Business" (Broadside Books, June 29, 2021)". Ms. Roth appears to be on a promotional tour and a firecracker of an article like this that is released Friday night like how bad news or bad employees are released on a Friday. + +If anyone would like to go down the rabbit hole of why GameStop is in the headline but only AMC is mentioned in the article, be my guest. Outside of that, this is just another greed-driven article written about a greed-driven market. + +The article still raises some eyebrows otherwise, but just understand the motivations behind the why and when. +Hi, fellow investors + +i want to share some concerns about my portfolio which, i believe, can be applied to your portfolios as well + +https://preview.redd.it/rjbejq8jc9i91.png?width=1190&format=png&auto=webp&s=bc0e742120458cb798385c7dbf42cc93e84ccd66 + +My portfolio has yield around 3.3% which is good enough and it's pretty diversified, but you can see that top 5 high yielders make almost 40% of annual dividends (out of 28 companies) + +Point is: if something happens to those 5 stocks, my yield could drop significantly. + +If you assume that investing in ETFs like SCHD protects you from this, you might be wrong + +In SCHD top 5 holdings give around 25% of total yield. Of course it not as much as in my portfolio, but still pretty high. + +https://preview.redd.it/it4qx1y4d9i91.png?width=1173&format=png&auto=webp&s=c092616282f1cc3209f29aad3f40340096dcdb27 + +I guess that you can't build high yield portfolio without concentration in several high yield stocks. + +How do you guys solve this problem? Is this problem at all? +I will state some reasons why I think DOLE should trade at a minimum of $20/ share right now. It currently trades at $13.8. + +The new company formed after the combination of Total Produce and DOLE will be the largest fresh produce company by revenue. + +1. **DOLE PLC ($9.0 BN)** +2. GREENYARD ($5.2 BN) +3. FRESH DEL MONTE ($4.2 BN) + +These companies are completely recession proof and can only suffer with short term raw material price increases, as they can't rise prices at the same rate. + +In Dole's case, the vertically integrated business model allows them to prevent some of these issues. + +DOLE owns 16 vessels and more than 160 facilities around the world. + +This is an industry with many barriers of entry, which makes it very difficult for new competitors to increase their respective market share. + +Companies such as these historically trade at 15x earnings. However, DOLE trades at just 9-10x earnings given the current EPS estimate of $1.39 for 2021. + +I believe a company of DOLE's quality should be trading between 14 and 18 times earnings. + +Here are a few estimates of what I believe should be Dole's price per share today: + +**PESSIMISTIC**: EPS=$1.25 + +$1.25\*15= $18.75 + +**EXPECTED**: EPS=$1.39 + +$1.39\*15= $20.85 + +**OPTIMISTIC**: EPS=$1.55 + +$1.55\*15= $23.25 + +Official earnings will be released December 3rd. Once official financials are released DOLE will start to become attractive to additional retail & institutional investors. Index inclusion can also be a factor. +YouTube video at [https://youtu.be/afW963Ng9uQ](https://youtu.be/afW963Ng9uQ) + +FB is very undervalued for sure at only 18 times forward earnings + +Facebook/Instragram/Whatsapp are still cash cows despite the slow growth rate + +1 out of 3 people in the world already using their app so its difficult to find new users + +FB is spending about 1/3 to half of their cash to invest and grow their metaverse segment which their success is unknown + +but given the low valuations we are basically getting the MetaVerse business for Free! + +FB has tons of cash in their balance sheet to do sharebuy backs and this will improve their earnings per share in the future + +Be happy for the 40% crash from peak + +Be greedy when others are fearful + +Good luck and Take care + +Master Leong YouTube Daily Stock Market Insights + +&#x200B; + +&#x200B; + +&#x200B; +YouTube video at [https://youtu.be/afW963Ng9uQ](https://youtu.be/afW963Ng9uQ) + +FB is very undervalued for sure at only 18 times forward earnings + +Facebook/Instragram/Whatsapp are still cash cows despite the slow growth rate + +1 out of 3 people in the world already using their app so its difficult to find new users + +FB is spending about 1/3 to half of their cash to invest and grow their metaverse segment which their success is unknown + +but given the low valuations we are basically getting the MetaVerse business for Free! + +FB has tons of cash in their balance sheet to do sharebuy backs and this will improve their earnings per share in the future + +Be happy for the 40% crash from peak + +Be greedy when others are fearful + +Good luck and Take care + +Master Leong YouTube Daily Stock Market Insights + +&#x200B; + +&#x200B; + +&#x200B; + [https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart](https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart) + + +You guys think this will continue or fizzle out? Also do you guys see this helping TSLA if gas prices slowly increase. +(apologies for the inflammatory title) + +I am living the dream. \~3M net worth, \~700k / yr W2 earnings in a tech company. + +We tried avoiding lifestyle inflation for a long time, but after a while it becomes impossible given my goal of maximizing my earnings during this time. E.g., I was in market to buy a chair and desk for WFH. The old me (aspiring for regular FI, not Fat FI) would have done a ton of research, ordered a few items, tried and returned the ones I didn't like to find the best "ROI" items. Now, with kids at home and a demanding (+high paying) job, I prefer to just go to [wirecutter.com](https://wirecutter.com) and order their top recommended item regardless of the price. The amount of time I would have spent researching and agonizing over the best ROI item is not worth it anymore. I did the same recently with a blender, a coffee machine, a kid's bike ... and the list goes on. + +This change in mindset happened only recently when I realized that the time I would have spent on research/trials for lower priced items would be better (with higher ROI) spent with either my family or at my job. + +The effect is that my expenses have gone up. Whereas, earlier, I would have ordered a shitty walmart bike for my kid, now I order woom (or whatever top tier is available). + +This. Is. Lifestyle Inflation. In. Action. + +Not sure how to avoid it, and not sure if it is worth avoiding. + +How are you all handling this? Am I missing something? +Pretty much every thread that's made on here discussing 'housing affordability' seems to ignore the fact that apartments even exist as a viable option for something to buy. + +The line spouted on here a lot is that it's "selfish" to deprive people of their own house... + +I'd argue it's "selfish" of people who are single/living alone to expect to be entitled to a multi-bedroom, freestanding house all to themselves given how disproportionally destructive that is to the environment, and a waste of space/land that a family could make much better use of. + +If we want a growing economy, which requires a growing population, then it's simply *physically impossible* for every single person to be able to own a detached house. + +More effort should be put into lobbying the government to enforce *better building standards on new apartment blocks/better insurance for apartment buyers in case of defects/stringent requirements on larger & more liveable sizes of apartments* for developers. + +Not trying to come up with ridiculous stimulus-fuelled schemes to make detached houses "more affordable" that just end up inflating the prices of them for everyone in the end. + +Single people: why are most of you "apartment snobs"? + +Note: I don't have kids & am currently renting an apartment with my partner, there's nothing wrong with it. + + +I read another user's [post](https://www.reddit.com/r/Superstonk/comments/nm7bj9/does_anyone_else_feelcrazy/) a while back, in which he asked if anyone else felt like they were going crazy being caught up in the GME saga. My response is as follows. + +&#x200B; + +I feel like I've been here once before. + +&#x200B; + +I was poking around investing forums in early December of 2019. In doing so, I happened upon a subreddit called [r/Coronavirus](https://www.reddit.com/r/Coronavirus/). At the time, it had subscribers in the low tens of thousands. The posts were terrifying. Scattered reports of a novel Coronavirus emerging from somewhere in the Hubei province. Worried doctors sharing concerns over a cigarette break, questioning their government's official case counts. I watched cellphone footage of a person being escorted into the back of a van by officials in hazmat suits. I watched an apartment door being welded shut from the outside. + +I didn't want to believe any of it at first. I thought, "if this threat is as serious as it seems, surely the media would be talking about it!?" Nonetheless, I forced myself to consider the possibility of it being true. The implications were too significant to be dismissed. + +Members of the subreddit were expressing fear for the well-being of their friends and family, and for themselves. Users were discussing the implications for society and the economy, and sharing their plans on how to best prepare. They were stocking up on water and ammo, and preparing bug-out bags like the apocalypse was upon us. I did my prep as well; I bought N95 masks, hand sanitizer, multi-vitamins, food, toilet paper (lol). I kept what little wealth I had out of equities, as I expected panic to take hold when news broke. *And what do you know, we witnessed panicked stockpiling of those exact goods, as well as the biggest flash crash in recent history.* + +I felt like I was living in a dream. I was trying to act normal at work, and would casually probe to see if coworkers had heard anything. When I was stocking up at the local pharmacy, an employee there hesitantly approached me and my cart of fallout shelter inventory. She brought up topic of Coronavirus, and we both eagerly divulged to each other what we had been seeing online. We shared relief that finally SOMEONE was aware of what was going on, and disbelief at the obliviousness of everyone around us. The conversation ended with an exchange of "goodluck" and "yea, you too." + +I told friends and family what I had seen online, and that I believed we were in the initial stages of a pandemic. All I received in return was strange looks or amused grins. That is, until the headlines started rolling in. Once main stream media picked up the story, my friends and family came to understand what I had been warning them about all along, and they realized that I had been ahead of the game(stop). + +&#x200B; + +*The moral of this story, is that if you exercise an appropriate level of skepticism, being open to receiving uncomfortable truths from unconventional sources does not make you insane. It means you are willing to challenge your own preconceived notions.* + +&#x200B; + +I am taking what I learned through my experience of Covid and applying it to my current experience of GME. Much like the users in [r/Coronavirus](https://www.reddit.com/r/Coronavirus/) tipped me off to Covid, you Apes have provided me with crucial information that has put me in a position to benefit from one hell of a short squeeze, and hedge against a potential crash. + +&#x200B; + +**For those of you who are experiencing thoughts like "this is too good to be true" or "I must be crazy," just know that there are Apes like me thinking "oh weird, its happening again."** + +&#x200B; + +I appreciate the hell out of you Apes. The memes are great. And I really like the stock. +Hear me out. It’s not any one person’s fault. But housing has become relatively unaffordable for the working class. Real estate has become a store of value in a way it shouldn’t partially due to the incentives in place resulting from our monetary policy. In the 80s, you could make double digit returns in a savings account. Now, savings accounts are negative real yield and significantly so. Again, this is not the fault of real estate investors. They’re just playing the game with the rules presented. + +I’m a small business owner with ~30 employees, and I see their struggles. My workers are not minimum wage, either. As I’ve been investing my money I’m frequently tempted to buy a rental as part of a diversified strategy, and I’ve done it before. + +But if I become a landlord, I “have” to directly participate in the inflationary market that makes housing less and less affordable for the working class. I don’t like that. + +Equities are less directly a problem because it’s less of a zero sum. Everyone can participate. But everyone “needs” housing. + +So, my chosen investments have been equities and Bitcoin. I’m not here to “orange pill” anyone. I just see these as open systems that don’t necessarily promote wealth inequality like real estate seems to. + +Can someone show me how I’m wrong from a moral standpoint assuming I care about the wealth of the working class? I’m still tempted to add rentals to my strategy. It just feels wrongish atm. + +Open to contrary perspectives. + + +EDIT: Ok. So, for the first time, I understand what "RIP my Inbox" means. One small clarification. I am using the context of investment. So, the idea of charging less than cost is more like charity to me. That's fine! But, that's not what I'm talking about. I'll show you the napkin math. Median per capita income in my area is about 38k. Small (sub 1000 sqft) SFHs or condo in the same area start at $350k. With a 20% down payment, Cost comes in right about 1600 per month. This is right about 50% of GROSS income for a person here without any profit built in. Just pretty ugly. Now, a person can get help, they can buy with a partner or a family member, etc. I understand. But, the starting place is pretty ugly. So, it feels wrong to participate in that. If you're a median family of two it works okish until you add a child. +This week has been brutal. I've lost ALL my gains this week, now in a loss on my investment. I was too greedy not to take profits on my coins when it hit ATH. + +It's important to know when to sell, It makes riding this craziness out so much easier. + +Buy when literally nobody gives a shit about this shit. +Sell when your friends who never expressed an interest before reach out to you about crypto. +Curious to know how people here spend their money and what's considered important to each one. My fixed monthly expenses (adjusted for 1 person) are around 1300 EUR in Germany, I'm 26M + +Rent: 600 +Groceries: 200 +Takeaway/Delivery: 150 +Gym: 50 +Subscriptions (Netflix, Prime, Spotify, Cloud, Password): 100 +HEalthcare: 70 (Haircut, Massage) +Miscellaneous (amazon purchases): 130 +All the current posts about a certain bored billionaire and how he's damaging crypto. So what? Who cares? + +Crypto has got to be able to withstand anything governments, society, the media or rich troublemakers can throw at it. No point getting upset about it... These sort of tests are essential. + +Crypto's resilience should be tested - both technically and philosophically. Let them throw mud, criticise or even lie. If crypto can't take it, it has no future. + +The good news is, we've been testing it pretty brutally for 12 years, and it's still standing. +&#x200B; + +[ ](https://preview.redd.it/jp8i666bjcb71.png?width=1600&format=png&auto=webp&s=61c196afde5060a46ea2321f0131232ff484eb79) + +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/lo08m2zcjcb71.png?width=680&format=png&auto=webp&s=77d2b3c28f3402341e306e787da67be5733d93b5 + +The reverse repo's for the day + +&#x200B; + +https://preview.redd.it/7b8xuvhsjcb71.png?width=700&format=png&auto=webp&s=a36207e794a2fa2ecbf45229fd223fb6660ecd0d + +&#x200B; + +https://preview.redd.it/8nbk941vjcb71.png?width=960&format=png&auto=webp&s=c315c75e99225abbde48c698db81113c6ec1593d + +At the same time they are trying to store money for safety at the fed, banks are down at minimum 40%, it's not a pure indicator of a incoming crash but its weird to see, especially with the huge inflation stuff going on, banks should be making profit hand over fist right now but they're down around 40%?Call me jacques yves Cousteau, because I think this is fishy 🤔 + +But... also weren't they also saying they had a great earnings year? + +Que the music + +[https://www.reddit.com/r/Superstonk/comments/okjs13/bank\_of\_america\_why\_todays\_earning\_release\_was/](https://www.reddit.com/r/Superstonk/comments/okjs13/bank_of_america_why_todays_earning_release_was/) + +and another one + +[https://www.reddit.com/r/Superstonk/comments/ok5sop/dr\_stonklove\_or\_how\_i\_learned\_to\_stop\_worrying/](https://www.reddit.com/r/Superstonk/comments/ok5sop/dr_stonklove_or_how_i_learned_to_stop_worrying/) + +&#x200B; + +&#x200B; + +https://preview.redd.it/vap99wdekcb71.png?width=592&format=png&auto=webp&s=70dd3d6ec802137bb0154bcba8777e8c3393abc4 + +# NEW RULES + +So yesterday we had a couple of new rules passed, namely: + +SR-FICC-2021-006 + +SR-NSCC-2021-008 + +SR-DTC-2021-013 + +u/llamaste-to-you did a small writeup on this [here](https://www.reddit.com/r/Superstonk/comments/ojm5ao/new_dtc_rule_srdtc2021013_notice_of_filing_and/), with the links to the filings as well. + +&#x200B; + +[credit to u\/vestro ](https://preview.redd.it/r4hwanlklcb71.png?width=898&format=png&auto=webp&s=7f94e9f3fb880ca7b5a80e101e90e7bf40cae6c5) + +**GameStop's new Senior Vice President Finance Jeremy Martin (former CFO @ Amazon UK): "Looking for finance leaders, FinTech and BI’s to help build a commercial finance organisation in a scrappy, disruptive environment."** + +&#x200B; + +https://preview.redd.it/87cpunrslcb71.png?width=1195&format=png&auto=webp&s=c3b1ade7ec94a6a38b0bf51bc16147ec58f12d06 + +# Down the Delta neutral. + +[https://www.reddit.com/r/Superstonk/comments/ok4chd/special\_edition\_down\_under\_the\_delta\_neutral/](https://www.reddit.com/r/Superstonk/comments/ok4chd/special_edition_down_under_the_delta_neutral/) + +a DD on how the current Gamma and delta indicators are looking, I'm too smooth brained to understand it all, but I hope this helps someone form another wrinkle. + +&#x200B; + +https://preview.redd.it/xydh3976mcb71.png?width=500&format=png&auto=webp&s=d41bc3fbb08838d8937110f2e2cce10c1de2c9da + +# A castle of glass + +[https://www.reddit.com/r/Superstonk/comments/ok2e0b/a\_castle\_of\_glass\_game\_on\_anon/](https://www.reddit.com/r/Superstonk/comments/ok2e0b/a_castle_of_glass_game_on_anon/) + +I have no clue on how to give a synopsis for this one, it's well written it looks great but we need more eyes on it, lets try to help the theory forward, poke some holes in it (if possible) and peer review it and see if we can help making this great DD even better. + +&#x200B; + +https://preview.redd.it/p4nfd1eimcb71.png?width=640&format=png&auto=webp&s=d94a9fd534b843cd70f13077ba6aff5badc40af7 + +# Sugar we're going down down + +&#x200B; + +https://preview.redd.it/fpky8mtlmcb71.png?width=960&format=png&auto=webp&s=64574530b1fa844ed9f262222117122488aa9b36 + +credit to u/MunnaBigDicc for bringing this forward, it seems that the volume of GME may be lower now and still go down, but guess who is getting the shaft? you'd be right the ETFS! + +it seems (by the looks of things) that the etfs are getting wash traded heavily(wash trading is High frequency trading, or Short ladder attacks) + +As Papa rc's papa would say "buckle up" it can become a bumpy ride ;) + +&#x200B; + +https://preview.redd.it/yoi994s8ncb71.png?width=554&format=png&auto=webp&s=260127a718d6f804193b28d7d902b281fca92a8c + +# 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/hrsq726bncb71.png?width=400&format=png&auto=webp&s=05ef8941de058556f75cc5350d554c053a609899 + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +&#x200B; + +Edit: +as u/sweljb pointed out I unfortunately misinterpreted certain information regarding the FICC, I've copied his comment here: + + +>[u/rensole](https://www.reddit.com/u/rensole/) you need a correction about your FICC bank earnings in this post mate. +> +>That tweet by zero hedge is specific to the FICC fixed income and credit department of all those banks. In actuality those banks have all beaten earnings expectations. Earnings overall are not down 40%. +> +>The FICC decrease isn’t a crash either. It’s indicative of banks tightening credit - likely at the direction of the federal reserve to stave off inflation and excessive liquidity in the market. Also bevause they know the near zero interest rates will be revisited by year’s end. Borrowing rates for banks will increase in an attempt to tighten the M1 monetary supply. I think we should be careful about the information we spread. OP of that zero hedge post yesterday was spreading false information. + +&#x200B; +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 🚀🚀🚀🔥🔥 +I don’t get why there is so much hate against Afterpay and it’s for people who can’t afford/ poor people and etc. + +I use Afterpay for my most of my large purchases and it doesn’t cost me any extra, I always pay within the 4-5 fortnight. It helps me with my cash flow and I can put a fixed sum into my savings every week and cut back on future discretionary spending to make the repayments. The way I see it, the money is better in savings and investments since Afterpay doesn’t charge any interest (unless late). +Hey all, + +As Ive progressed in my career Ive found the guidance "dont tell them your salary when negotiating" becomes less and less true. Wanted to see if anyone else has had this experience and/or if you disclose yours during or prior to negotiation. + +In my case, I am in a Low to Mid COLA and sitting at 175 + 45 bonus. I'm a younger guy especially for my title and of course do my Glassdoor research before accepting any interview (i.e. is the salary for the position in the range I am looking to move for). My guess is that my age and location are contributing to the lower ball offers. + +Keeping in line with the conventional guidance above, I don't mention my salary until we are at the negotiation table. Often this means waiting for their initial offer which, for the past 3 opportunities has been significantly lower than my current comp. Once I get the first # I end up telling them my current range and either they attempt to match it or say that their range isnt as high as my current. I'm wondering how others have faced this (admittedly champagne) problem. + +Last thing I'll note here - ive seen initial offers climb by more than 50k when Ive mention my current comp. Just a reminder to everyone out there that you gotta try and get yours when you're sitting across the HR table. + +&#x200B; + +&#x200B; + +EDIT: + + +Really interesting conversation, thanks all. + +A few key takeaways here: + +* Most people recommend asking for the salary range right off the bat. Be aware of the anchoring effect & taking that # a bit higher cant hurt if it's within reason. +\*obviously doing so without sounding like a d\*\*k bag +* Surprisingly (at least to me) most people think Glassdoor and Payscale are B.S. +\* I dont work in the silicon valley or IB area so I really wonder if this is true across the board. Personally Ive used Glassdoor as an initial measuring stick when screening calls. +* Comp breakdown is super important - Base ≠ Stock ≠ Bonus etc. +\* I tend to anchor to Base myself then say something like "I'm looking for a 200k base + incentives." Might be worth reevaluating this talk track +* For me, Ive fought relocation for the past 5 years or so. North Carolina is a wonderful place to live and I dont ever mind flying (even every week) but I'm just not up for relocating to a NYC, Boston, CA, etc. IMHO my life style here is >>>> than a 300k salary in any of those places. Perhaps this means Ive hit a temporary ceiling but I know a lot of VP+ titles that do the remote thing. +* More important than salary is, of course, gaining value from your work, career growth, personal growth, people that you work with etc. But that has nothing to do with negotiating haha + +Thanks everyone for the thoughts, guidance, and conv. Look at us having a ball while WFH! +$HODL has just released the HODL Wheel of Fortune. Multiply your tokens with a chance to 5x! + +&#x200B; + +$HODL is a revolutionary passive income platform - You EARN FREE BNB every day by simply holding $HODL in your wallet + +&#x200B; + +💰HODL investors are earning FREE $BNB every day 💰 + +&#x200B; + +$HODL launched with a functioning and secure Dapp! This team over-delivers on their promises. 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Massive moves inbound. Staggering presence with articles in Yahoo Finance and Business Insider. Constantly upgrading features from an active dev team. +Attached is a clip form trending on twitter. Over a year ago many here speculated about an NFT market place, and GameStop basically leaving wall st and creating their own financial ecosystem. Well look what we have now, a GameStop crypto wallet that blows metamask inside out, native level 1 swaps powered by 0x, native level 2 WITH swaps powered by loopring, immediate access to loopring's browser crypto dex with level 2 nft minting, should see IMX bridge up on the agenda. + + +We've got a share dividend on the horizon. + + +The actual GameStop NFT marketplace launch before the end of the current quarter. + + +The broad market is in flames like many speculated. + + +All of our wildest wet GME dreams are coming true. We were right, we've been right the whole time. + + + + +https://preview.redd.it/9us2z6o0hb191.png?width=382&format=png&auto=webp&s=24def5fc484074faed1383cee2df106da8043dbc +Just got out of homelessness, and I'm scared that I'm going back. + +I have a wife and baby. I'm in a somewhat stable job as a Website Developer on £25k. We're now in a rental, but I'm ending up with no money a few days after payday due to bills and my IVA. I'm being very smart with my money already. I just would like to know if there are good side hustles with little effort for that extra £20+ a week? + +It can't take too much time, because my job takes up 7-7 every day including travel (comes to 40 hours actual working), and weekends are developing our rental (it had nothing; no kitchen machines, torn carpets, etc). The rental is classed as a housing association, so similar to social housing. I'm getting fed up of having no lunches at work. + +Edit: More precise on the hours and housing +[https://www.foxbusiness.com/markets/trump-orders-federal-retirement-money-invested-in-chinese-equities-to-be-pulled?fbclid=IwAR0j0wjfzVGCmfM6HrQgfJHh9YIL1eTWXpFT52c4KE-q7\_wJYIRItmOtjgA](https://www.foxbusiness.com/markets/trump-orders-federal-retirement-money-invested-in-chinese-equities-to-be-pulled?fbclid=IwAR0j0wjfzVGCmfM6HrQgfJHh9YIL1eTWXpFT52c4KE-q7_wJYIRItmOtjgA) + +"[President Trump](https://www.foxbusiness.com/category/white-house) is moving to cut investment ties between U.S. federal [retirement funds](https://www.foxbusiness.com/category/rethinking-retirement) and Chinese equities, FOX Business has learned in a move that is tied to the handling of [COVID 19.](https://www.foxbusiness.com/category/coronavirus) + +In the first letter written Monday, obtained exclusively by FOX Business, national security adviser Robert O’Brien and National Economic Council Chair [Larry Kudlow ](https://www.foxbusiness.com/category/larry-kudlow)write to U.S. Labor Secretary Eugene Scalia stating that the White House does not want the Thrift Savings Plan, which is a federal employee retirement fund, to have money invested in Chinese equities." +There are a LOT of posts with a LOT of comments bashing people and dedicated mods that were at the meeting right now. Are these shills? Are you a shill? Am I a shill? Who knows. But I do know that we need to be nice to one another and not cause a divide. That is what they want. + +I also, please, need a lot of you to check your reaction to female attendees at the meeting, because there seems to be a lot of hate against women - the way their voice sounded, what they are wearing, questioning whether one in particular is actually a lawyer because she got excited at a price bump. This is not Superstonk behavior, its WSB behavior. And this is NOT WSB. + +BE NICE TO ONE ANOTHER. Clearly Ryan Cohen ended it on a good note by saying buckle up so none of this is as big a deal as you think. + +Thank you for coming to my Ted Talk. + +EDIT: I think the fact that this is blowing up just shows that we are all good people who genuinely want the best for others. In the same way we should question but not condemn people for how they did or didn't behave at the meeting, this post is to serve as a questioning and not condemnation of people who got ahead of themselves in their criticisms of such. Let's forgive and move on (unless you are a shill, then fuck you) + +merp, OUT! *\*mic drop\* \*fog machine\* \*explosions\** +# Pre-DD Message: + +Hello you beautiful apes! Before I get into this DD I just wanted to say that I am so proud of everyone for holding against these wall street crooks. We're finally starting to see some change happen and more and more people are starting to catch on to how fucked of a position the hedgies are really in right now, and it genuinely makes me happy that we've come from just some stupid retail investors looking for a quick buck to an educated mastermind of apes who scour the sub for DD and knowledge. With all that said, let's get into the DD! + +&#x200B; + +# The Good Stuff: + +As I myself was scouring this sub for info I had come across an interesting [post](https://www.reddit.com/r/Superstonk/comments/nlu3wb/coincidental_link_in_decreasing_parties_for/?utm_source=share&utm_medium=web2x&context=3) by [u/qwert4the1](https://www.reddit.com/user/qwert4the1/) (show them some love!) who had found a connection between the price surges in GME and the amount of counterparties within the reverse repo agreements. Specifically, they had mentioned that on days when there was a significant price increase compared to the norm (today, May 26th, would be a good example), the amount of counterparties who were accepted in the reverse repo agreements the day of or the day after had *decreased*. Now, why is this incredibly important if this connection holds true and how can it point to some interesting conclusions? To understand that, we have to understand the main prerequisite to these repo reverse agreements, which is according to the Fed FAQ page: + +[An 80 billion max per counterparty, hm?](https://preview.redd.it/pv3jripp9k171.png?width=465&format=png&auto=webp&s=9f6e860076f899e8ad04354d7b02514dad450106) + +We also have to understand that in these overnight reverse repo agreements, the Desk (The Open Market Trading Desk the Fed uses for these transactions) sells treasury securities that it holds in the System Open Market Account (SOMA) to these eligible counterparties. What that means is that the aggregate counterparty amount of treasury securities that can be lended overnight is limited by the amount that is held in SOMA. As of May 19th, here are these amounts: + +[Take note of the 4 TRILLION that it has in Treasury Notes and Bonds.](https://preview.redd.it/1lp15o74dk171.png?width=962&format=png&auto=webp&s=6fce3b40c66599b746de3b854f70768facf85ea3) + +So in other words, there are 2 limitations to take note of for overnight RRP agreements: + +1. 80 billion max per counterparty +2. 4 trillion held in SOMA + +Why are these limitations important to take note of? Well, because the logical conclusion to draw is that the Fed uses these limitations to some extent in order determine whether they should accept or reject a counterparty in the agreement. This leads into why I feel the connection between the counterparties and the price surges in GME are important, because in my mind there's only a couple of explanations as to why the amount of counterparties in the ON RRP agreement would *decrease* as the price in GME *surges*: + +1. The aggregate amount treasury securities lent to the counterparties in these agreements are reaching an uncomfortable amount so they are choosing their counterparties more carefully. +2. Marge is calling some of the counterparties that could potentially have the treasury bonds be used as collateral for short positions in some certain stocks ( perhaps GME? ;) )and are forcefully liquidating them, thus they don't need to be part of the agreement. Side note: (If some of the counterparties are banks, then the hedge funds that banks are potentially lending these treasury bonds/notes to for collateral could be margin called and forcefully liquidated, thus the bank having no reason to ask for the bonds does not take part in the agreement.) +3. A mix of the two + +# Conclusion: + +Here's why I think we might be seeing both *forced liquidations* as well as *more selectivity from the Desk* in lending treasury securities, given that the connection between the counterparties and price surges in GME is correct: + +* The 1st point alone wouldn't be enough of a reason to necessarily be more selective in choosing counterparties, as the current amount being lent (450 billion as of today) is about less than a quarter of the amount of the treasury notes/bonds in SOMA, and there are more than FOURTY counterparties as of the latest agreement. +* If there are forceful liquidations happening among the counterparties(which are most likely banks), it serves as a threefold hit: + +1. Less counterparties would be needed in these agreements, lowering the counterparty amount but raising the average amount of treasury bonds/notes lent per counterparty. +2. With the average amount lent per existing counterparty increasing, the Fed has to take more into account what the counterparties are using these treasury bonds/notes for. +3. If most of the existing counterparties are banks, who lend these treasury bonds/notes to hedge funds for collateral in a short position, and they learn the banks they have lent to beforehand but not anymore (from hedgies being forcefully liquidated) are being connected to margin calls and forced liquidations, the Fed would be less inclined to lend these bonds/notes to the banks currently in the agreement as time goes on as it would become more risky to do so. + +* These three points working in tandem with each other would lead to the Fed having a strong enough reason to be more selective to counterparties in future agreements, while also serving as a explanation for liquidations being a partial cause to the decrease in the amount of counterparties as as result of a GME price surge. + +# Sources: + +[FAQs: Overnight Reverse Repurchase Agreement Operational Exercise - FEDERAL RESERVE BANK of NEW YORK (newyorkfed.org)](https://www.newyorkfed.org/markets/rrp_faq) + +[Repo and Reverse Repo Agreements - FEDERAL RESERVE BANK of NEW YORK (newyorkfed.org)](https://www.newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements) + +[Repo and Reverse Repo Operations - Federal Reserve Bank of New York (newyorkfed.org)](https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000) + +[System Open Market Account Holdings of Domestic Securities - FEDERAL RESERVE BANK of NEW YORK (newyorkfed.org)](https://www.newyorkfed.org/markets/soma-holdings) + +As always, thank you for reading my DDs you guys. I will try to hang in the comments for edits as well if anything. :) + +Edit: 1.8k likes!! Holy mackerel thank you guys I appreciate your support very much. 🤠🙏 + +Edit 2: WOW you guys are blowing this post out of the water! Thanks for 7k likes everybody! :) + +Edit 3: I would like to point out some amazing counterpoints to this DD in the comments, as I feel it is always important to address both sides of the argument. No DD is perfect(mine certainly isn't) so I would like to thank you guys for bringing these points up: + +1. Why use bonds/notes as collateral when they can just use cash when it comes to short positions in stocks? + +2. If the Fed has been more selective in ON RRP agreements, wouldn't it be showing in their acceptance rate (which has always been 100%) + +3. Correlation does not equal causation, the GME price surge doesn't necessarily have to 100% be connected to a decrease in the counterparties. + +I'll admit, I don't have much of a rebuttal to these as they are solid points, and I appreciate you guys bringing it up because it helps me keep more things in mind to create stronger, more effective DD in the future. + +Edit 4: A fellow ape in the comments gave a link to the list of eligible counterparties for RRP agreements: + +https://www.newyorkfed.org/markets/rrp_counterparties + +Most if not all of these counterparties are banks, so it lends credence to the idea that banks would be lending these treasury bonds to hedgefunds, as well as the banks themselves needing bonds as well (since there is a lot of cash but not collateral in the bonds market at the moment) +How does increasing interest rates tame inflation? I was also intrigued by hearing this: The federal reserve is trying to decrease demand without tipping over the economy. + + +Disclaimer: All data shown here is publicly available and can be downloaded and evaluated with the scripts I provide. Please read my previous posts for this. I do not claim the correctness of the data and the source code, everyone is invited to review, repeat and improve the analysis. + +**GME is a highly volatile stock:** + +As a measure of volatile, the one minute candles between 03/13/2022 and 04/13/2022 were evaluated. For this purpose, the standard deviation of the percentage change per minute was calculated and compared with all Russel 1000 tickers. + +Std. of the percentual candle = standard deviation( (close - open)/open ) + +The following graph shows the results against the market cap. + +&#x200B; + +https://preview.redd.it/sj3mus6a59u81.jpg?width=2156&format=pjpg&auto=webp&s=a8244edb12bf05d9ab9e31a26001412bc0ae8dcd + +**The volatility is driven by trading volume:** + +The volatility can be driven by various factors, but if you take a look at the trading volume, it quickly becomes clear that it plays a decisive role. + +As a measure of trading volume, the number of shares traded per minute is multiplied by the opening price and normalized to the market cap. + +mean percentage volume dollar = mean( volume \* open ) / market cap + +&#x200B; + +https://preview.redd.it/r2dojuzc59u81.jpg?width=2182&format=pjpg&auto=webp&s=a0f41953fa0555209e5c806eba52f9f8d6208169 + +**Can retail generate this volume?** + +**Short answer: No** + +Long answer: Retail would have to keep selling each other shares to generate 0.42% of the market cap per minute. To generate such a high trading volume per minute you need both the financial resources and the infrastructure. Retail would quickly run out of money just because of the transaction fees and the spread, not to mention that trading algorithms with the necessary performance and infrastructure are needed. + +In addition, retail is clearly a value investor at GME, which is clear from the published DRS figures, for example. In addition, the published data from fidelity show that retail buys both dip and rip. As the following graph illustrates. Data from the wayback archive was analyzed. Each point represents a saved status since 01.01.2021. + +&#x200B; + +https://preview.redd.it/gw3qthge59u81.jpg?width=873&format=pjpg&auto=webp&s=a276a10431cd9b224492b35a9463c7dcf2a01fff + +**Conclusion: MM, HF, Banks are driving the volume and thereby the volatility. They manipulate the price.** + +**How is the price manipulated?** + +It is not possible for Retail to provide direct evidence of manipulation as Retail does not have access to the necessary data. The process is not transparent. Therefore, retail has to rely on indirect indicators. An indirect indicator is the correlation between occurring gaps in one minute candles and the outstanding shares. The following graph illustrates this relationship for all Russel 1000 tickers. + +&#x200B; + +https://preview.redd.it/8u4gvqtg59u81.jpg?width=2098&format=pjpg&auto=webp&s=e1450c790675d3d102d0130c49708c75705b141e + +The proportion of gaps in one minute candles is obviously much too small for the outstanding shares. Note the log scale. Here one can conclude that GME is traded as if it had approx. 10x outstanding shares. + +Put simply: If we did not know the outstanding shares and someone gave us this graph and the proportion of gaps for GME, where would we place GME? + +**Challenge for Artificial Intelligence Experts:** + +1. load trading data from all Russel 1000 tickers. + +2. train AI on 500 randomly selected tickers (exclusive GME) to estimate the outstanding shares based on the trade data. + +3. calculate the accuracy of the model on the remaining 500 tickers (excl. GME) + +4. determine the outstanding shares for GME + +5. repeat the procedure to test the robustness of the model + +**Conclusion: MM, HF, banks create artificial liquidity by their market power in a legeal or illegal way (retail has no/little possibility to check it). The statistical analysis of GME clearly shows the deviations compared to other Russel 1000 tickers and proves that only MM, HF, banks have enough financial means and infrastructure to implement this. This manipulation is created by the artificial increase of the outstanding shares by a factor of approx. 10x. SHORTS DID NOT COVER.** +Hey UKPF, just looking to hear from long term single folk? + +Do you feel that you have paid a price financially for the fact you are single? Do you have advice for other singletons about finances, getting a property and general future proofing your finances? +Hi all, + +I’m cashing my LINK out, I’ve been an almost day 1 investor at ~$.13 in 2017. The cash out isn’t *lambo* but that isn’t a realistic goal. + +Just wanted to stop and say something that isn’t said enough in this space; **pigs get fed and hogs get slaughtered** it’s ok to take profit, set stop losses and have goals. I wish I had this thinking earlier. + +This crypto is allowing me to partner on a house build with my dad, don’t just let it sit on your computer life’s short. +There is no way he's not, but you know what is even more exciting for GME shareholders? That he has been able to keep restraint from talking about what is in the works. Cohen knows what they're launching needs to be PERFECT as it will be a target by SHFs on launch of the new platform. + +This is what excites me, the level of detail, cutting edge products, and time the Gamestop team will be putting into this project to make it ABSOLUTELY PERFECT ON LAUNCH is incredibly exciting to me as a shareholder of the company. + +RC and Gamestop's team, take all the time you need, I'm happy to wait and ride through dips and peaks because the price doesn't matter and I know what's coming will be huge. +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? +https://www.cnbc.com/2022/03/21/powell-says-inflation-is-much-too-high-and-the-fed-will-take-necessary-steps-to-address.html + +>Federal Reserve Chairman Jerome Powell on Monday vowed tough action on inflation, which he said jeopardizes an otherwise strong economic recovery. + +>“The labor market is very strong, and inflation is much too high,” the central bank leader said in prepared remarks for the National Association for Business Economics. + +>The speech comes less than a week after the Fed raised interest rates for the first time in more than three years in an attempt to battle inflation that is running at its highest level in 40 years. + +>Reiterating a position the Federal Open Market Committee made in its post-meeting statement, Powell said interest rate hikes would continue until inflation is under control. He said the increases could be even higher if necessary than the quarter-percentage-point move approved last Wednesday. + +>“We will take the necessary steps to ensure a return to price stability,” he said. “In particular, if we conclude that it is appropriate to move more aggressively by raising the federal funds rate by more than 25 basis points at a meeting or meetings, we will do so. And if we determine that we need to tighten beyond common measures of neutral and into a more restrictive stance, we will do that as well.” + +... + +>As he has before, Powell ascribed much of the pressures coming from pandemic-specific factors, in particular escalated demand for goods over services that supply could not meet. He conceded that Fed officials and many economists “widely underestimated” how long those pressured would last. + +>While those aggravating factors have persisted, the Fed and Congress provided more than $10 trillion in fiscal and monetary stimulus. Powell said he continues to believe that inflation will drift back to the Fed’s target, but it’s time for the historically easy policies to end. + +>“It continues to seem likely that hoped-for supply-side healing will come over time as the world ultimately settles into some new normal, but the timing and scope of that relief are highly uncertain,” said Powell, whose official title now is chairman pro tempore as he waits Senate confirmation to a second term. “In the meantime, as we set policy, we will be looking to actual progress on these issues and not assuming significant near-term supply-side relief.” + +>Powell also addressed the Russian invasion of Ukraine, saying it is adding to supply chain and inflation pressures. Under normal circumstances, the Fed generally would look through those types of events and not alter policy. However, with the outcome unclear, he said policymakers have to be wary of the situation. + +>“In normal times, when employment and inflation are close to our objectives, monetary policy would look through a brief burst of inflation associated with commodity price shocks,” he said. “However, the risk is rising that an extended period of high inflation could push longer-term expectations uncomfortably higher, which underscores the need for the Committee to move expeditiously as I have described.” + +>Powell had indicated last week that the FOMC also is prepared to begin running off some of the nearly $9 trillion in assets on its balance sheet. He noted that the process cold begin as soon as May, but no firm decision has been made. +Econometricians of Reddit, what is your take on machine learning and deep learning? Considering econometric methods rely primarily on regression, for which many properties are known (consistency, unbiasedness, sampling distribution, etc), will machine learning methods ever have a place in econometrics, despite not knowing the properties of said estimators? Or am I mistaken in saying that machine learning methods are not used? If so, how are they used and how are they used in an interpretable fashion? +So I just went to my local store (to show off my new GameStop shirt) to buy some shit for my kid. The manager was chatty and very helpful. 🚀 in our chat I ask. Been busy lately? “Yeah its always really steady here” After a few more questions (heavy interrogation) he says....... dun dun dun.... “But I’m super excited because MY BOSS said he can’t tell me YET what’s happening....but it’s gonna be HUGE!!! And I’m really excited!!!”😝..... +At this point my tits became super fucking jacked and I passed the fuck out.... so here I am texting this shit from the floor of my favorite local GameStop....Cuz I COULDNT WAIT TO JACK YOUR TITTIES TOO!!! 🚀🚀🚀 + + +It’s coming.........💎🙌🦍🚀🚀🚀 💎HOLD + +Edit: I love you all! Ok Most of you!! Thank you for all the love and all the awesome conversation!! You are the best of the best and I love being a part of this group!! Can’t even keep up with it all and I have a family here somewhere? I better go hang with them now 🚀🚀🚀💎🙌💎🚀🚀🚀 + +Edit 2. Wow massive shill attack? I see all you losers who make your stupid ass comments and try to spread the hate or FUD with name calling and stupid comments I get the notifications on my phone but by the time I try to respond Some AWESOME MOD has already deleted your ass ... must suck to be such a hateful loser! Right!?!? Let the apes be hyped or move the fuck along if you don’t like it cool but don’t try to go get yourself confused for a shill now 🚀🚀🚀 + +Edit 3 wow some angry people about us being happy here!! Sorry for the angry response but wow this is insane I finally learned about the fun block feature Reddit has Some lamb sauce devil dude is really a prick and got me going. Don’t care if you don’t like us being hyped or think we’re acting like 12 yrs old. I’m having fun and I’m hyped and I’m happy to share my happy with all of you and I am honored by all the POSITIVE responses and the true 🦍❤️ +Even though my tits are insanely jacked at this point, the NFT marketplace will get announced when it's ready, not when apes want it to. By creating expectations for Q3 earnings report, you are setting people up for disappointment when the hedge fuks inevitably tank the price during AHs/premarket on that day. Let's just keep focusing on Buy&Hodl&DRS. Q3 earnings report will be positive, therefore the price is likely to dip. + +Chill out folks, stay zen. Trust in RC. Assume fuckery during hype dates. Can't get disappointed if you didn't have expectations in the first place. +**TL;DR: Margin calls weren't waived for SHFs in January 2021. The only thing that was waived was a special additional charge (the ECP charge). SHFs are still at risk of getting margin called. Peterffy's fear of a domino bankruptcy had GME's price continued to increase, the continuous attacks on GME from MSM, the consistent price suppression on the stock, etc., are all further supporting indicators to the fact.** + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +SHFs Can & Will Get Margin Called + +§0: Preface + +§1: Analysis of the Congressional Report & NSCC Rules + +§2: Additional Findings From Congressional Report + +§3: Supporting Factors + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +**§0: Preface** + +There was a pretty strong FUD campaign over a week ago trying to convince Apes that SHFs will never get margin called. At first, I didn't think this post was entirely necessary, but after seeing a significant amount of Apes continue to inadvertently parrot the misinformation, genuinely believing that margin calls were waived for SHFs and that SHFs will never get [margin called](https://imgur.com/a/RKHRec0), a DD post clearing up this misconception is in order. + +For zen Apes, these FUD campaigns were futile to begin with, because nothing can shake them from diamond handing GME. + +https://i.redd.it/5z0777pfgq991.gif + +As for newer Apes, or Apes that might've simply gotten caught off guard by the FUD campaign, this post will bring clarity to the reality of the situation. + +Firstly, I want to point out that these types of misinformation sprees are pretty common. Once every few months you'll have some big FUD campaign try to convince Apes that MOASS is over. + +In August, 2021, there was the "CFTC stopped MOASS" FUD, which Criand and I [had to clear up](https://www.reddit.com/r/Superstonk/comments/pfklqo/i_want_to_shut_down_any_fud_before_it_arises_from/) the confusion and explain that this wasn't the case. + +In April this year, we had the "NSCC-003 will prevent MOASS" FUD, which I [addressed](https://www.reddit.com/r/Superstonk/comments/u8ov3g/srnscc2022003_this_proposal_will_not_prevent/), and explained that this wasn't going to stop MOASS. + +And in between all of those FUD campaigns, you had smaller pieces of misinformation being spread, such as the timeline for the implementation of the Consolidated Audit Trail System (CATS), and the implications of said implementation, which I [addressed last year](https://www.reddit.com/r/Superstonk/comments/pj57nj/consolidated_audit_trail_system_cats_officially/). + +But, for the most part, these "MOASS is cancelled" FUD campaigns tend to happen periodically, so maybe a few months from now there will be another one. Whatever excuse anyone tries to come up with as to why "SHFs can't be beaten", etc., just remember that we have a plethora of DD that demonstrates the opposite is the case, so any post that tries to end with something along the lines of "MOASS is cancelled" or "SHFs are too powerful for Apes to stop", needs to be treated like someone just claimed they created a perpetual motion machine which would violate Newton's 2nd law of thermodynamics. In other words, there's likely misinformation being spread, and those posts need to be taken with heavy scrutiny. + +With that out of the way, let's get into the Congressional Report that has been referred to as "proof that margin calls were waived for SHFs". + +**§1: Analysis of the Congressional Report & NSCC Rules** + +[The U.S House Committee on Financial Services "Game Stopped" Report](https://financialservices.house.gov/uploadedfiles/6.22_hfsc_gs.report_hmsmeetbp.irm.nlrf.pdf) + +I went ahead and read the entire 138 page Congressional Report. For good measure, I also re-read the [SEC Report](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) on GME from last year, in addition to other regulatory documents to ensure I had the facts straight; hence, that FUD campaign that was pushed hard over a week ago doesn't work on me. + +Let's start with how margin calculations work. + +Clearing/regulatory agencies generally have core requirements for members when it comes to putting up margin. These are normally what we talk about in this sub when we talk about a SHF getting margin called. If a firm's liabilities exceed the margin they have available, they get a margin call (i.e. firm's margin requirements > margin ⇒ firm gets margin called). + +Here's how margin requirements are generally assessed: + +"The total margin requirement for an account is composed of two parts: (a) the Net Asset Value calculation or mark- to market component, which is the cost to liquidate a position at current market prices; and, (b) the risk component, which provides a cushion to cover two-day market risk,"- pg. 52 of the [OCC Framework for Financial Market Infrastructures](https://www.theocc.com/getmedia/4664dece-7172-42a5-8f55-5982f358b696/pfmi-disclosures.pdf;). + +These core margin requirements come primarily from: + +(1) mark-to-market charges. + +(2) Value-at-risk charges. + +Mark-to-market charge: assesses unrealized losses associated with a firm's positions. + +Value-at-risk charge: assesses volatility and risk associated with a firm's positions. + +Again, this is what I talk about when I talk about a SHF getting margin called, and virtually all Apes on this sub also mean when they discuss SHFs getting margin called, whether or not they understand the terminology with margin reqs. + +Well, on top of these "core" margin requirements, there can be additional requirements added \[which you can find out about in the DTCC's "[National Securities Clearing Corporation Rules & Procedures](https://www.dtcc.com/-/media/Files/Downloads/legal/rules/nscc_rules.pdf)"\], such as the backtesting charge, MLA charge, and intraday charges (on top of the regular charges), such as intraday mark-to-market charges. These charges don't get waived when implemented, and the NSCC can lower the threshold required for implementation to accelerate the collection of these charges if the NSCC deems it necessary to mitigate their risk. + +And finally, on top of all this, the NSCC has, what the SEC Report as well as the Congressional Report describe as a **special additional charge**, the Excessive Capital Premium charge. + +Excess Capital Premium Charge (ECP): This special additional charge gets assessed when a member firm’s “core” margin requirement \[i.e. the mark-to-market or Value-at-Risk margin requirement\] exceeds its excess net capital. It's a penalty applied to incentivize firms to maintain an adequate capital cushion. + +There's another special additional charge, which is the Bank Holiday Charge. + +Bank Holiday Charge: Special additional charge when equities market is open for trading but there's a Fed observed holiday and banks are closed. The special additional charge is to cover any potential exposure that the holiday could cause to them. + +The Bank Holiday Charge doesn't apply to us, so we only need to focus on the ECP charge. + +Special additional charges can get waived. Core margin requirements cannot. + +If the special additional ECP charge gets imposed, it gets considered as a collateral requirement, which is why you read that the DTCC waived $9.7 billion of collateral deposit requirements on January 28, 2021. Because this Excess Capital Premium charge was the only thing that got waived. + +Page 101 of the Congressional Report: + +"Six member firms were assessed an Excess Capital Premium charge that morning, aggregating approximately $9.7 billion. According to NSCC rules, each firm would have been required to pay these **Excess Capital Premium charges** as part of its daily clearing fund requirements by 10 a.m." + +What's the point of these excess capital premium charges? + +According to page 10 of the Congressional Report, they're used to incentivize firms to maintain an adequate capital cushion, and they help deter firms from accumulating excessive risk. + +For example, this is like if you rent an apartment, and the landlord said "in addition to the security deposits you've given us, we also want to add a special additional charge to encourage you to make all your payments on time. This special charge might increase exponentially depending on how risky we consider you to be." Whether or not this special charge were to get waived, your "core" deposit requirements need to still get fulfilled regardless. + +Firms commonly don't even calculate ECP charges (e.g. TDA & Charles Schwab don't model for ECP charges—see page 99), and Robinhood was one of those firms. + +On page 20, we see that Robinhood's Head of Data Science said the ECP charge was a "black box" to him. + +On page 52, we see that "Robinhood calculated that of the $1.3 billion Value-at-Risk charge, approximately $850 million was attributable to αmc and approximately $250 million was attributable to GME." However, Robinhood didn't calculate the ECP charge. + +We can find further confirmation that RH was neither aware of the special additional ECP charge, nor the fact that the NSCC put them on Enhanced Surveillance (the info wasn't relayed to them). + +Page 20, paragraphs 2& 4: + +"The NSCC assessed a $3.7 billion collateral charge to Robinhood on January 28, 2021, based on the risk in Robinhood’s uncleared portfolio relative to the company’s capitalization. This charge, which ultimately prompted Robinhood’s trading restrictions, had several components. The two largest components were the Value-at-Risk charge, which totaled $1.3 billion, and the Excess Capital Premium charge, which totaled $2.2 billion. During interviews with Committee staff, Robinhood officials confirmed that the company was only modeling for its potential Value-at-Risk charge for the week of January 25, 2021. In other words, Robinhood had no visibility into the possibility of, much less the precise level of, Excess Premium Capital charges that it could be required to pay during the Meme Stock Market Event." + +[RH Executives Discussing the NSCC ECP Charges \[page 35\]](https://preview.redd.it/cql0g8zigq991.png?width=529&format=png&auto=webp&s=047a5053deb770ca3e6b176306d7566e4b67f499) + +The ECP charge, being a special additional charge, is also calculated uniquely. If we return to page 10 of the Congressional Report, we'll find that "Excess Capital Premium charges rise exponentially the less capitalized a broker is relative to how risky its uncleared portfolio is." + +So, this is a special additional charge which can rise exponentially depending on how risky the firm is considered by the NSCC, so it's no wonder why this special charge has gotten waived many times in the past, because we again see on pages 10 and 11 that the Committee's investigation revealed that the NSCC has regularly waived ECP charges in the two years before the "Meme Stock Market Event, and that "the NSCC often waives these charges" (pg. 11). + +Also, again in page 104: "The NSCC regularly waives Excess Capital Premium charges on its member firms and, in particular, for certain member firms that tend to be repeat offenders in attracting this charge." + +This isn't new. These ECP charges are just there to disincentivize firms from becoming engaged in too-risky behavior, but ultimately the ECP charges get waived, which ends up being more of a moral hazard instead. Regardless, the ECP charge was always a special additional charge, NOT a "core" margin requirement. I, myself, never even considered an ECP charge when I was thinking of SHFs getting margin called. + +The only thing that got waived was the ECP charge, which was the special additional charge. The "core" margin requirements were upheld. + +Page 61: + +"According to DTCC officials, Gretchen Howard \[RH COO\] also asked the DTCC if Robinhood could negotiate its Value-at-Risk charge down to a lower amount, which DTCC officials refused." + +Robinhood was actually very pushy with the DTCC to get the "core" margin requirements reduced, but the DTCC didn't budge. + +Page 69: + +"Robinhood requested a reduction in its Value-at-Risk charge for that day. DTCC officials indicated that a reduction in the Value-at-Risk charge was not available." \[...\] "Robinhood again requesting a reduction of its Value-at-Risk charge for the day. DTCC officials once again indicated to Robinhood that a **reduction in the Value-at-Risk charge was neither available nor permitted by the publicly available NSCC rules**." + +So, no, Robinhood could not get the "core" margin requirements waived. The only thing that got waived was the special additional charge, the ECP charge, which means nothing, because that was just an extra charge on top of the pre-existing "core" margin reqs. We can also see on page 97 that this wasn't the first time Robinhood's ECP charge got waived. + +"The DTCC also waived the Excess Capital Premium charge Robinhood received in March 2020,"-pg. 97. + +Waivers/modifications of ECP charges are more common in periods of acute volatility (e.g. the coronavirus crash of 2020). + +[pg. 105 of the Congressional Report](https://preview.redd.it/z2acq7lkgq991.png?width=629&format=png&auto=webp&s=1d36a3a8501301c7c20353896592895a45d5ffbf) + +I will repeat again, the ECP charge is not a "core" margin requirement, but a special additional charge. + +Page 107 further elaborates on the reason this special additional charge is given: + +**"As NSCC officials explained to Committee staff, part of the purpose of the Excess Capital Premium charge is to encourage member firms to maintain reasonable excess capital buffers. In other words, by maintaining an excess capital buffer, individual firms will avoid the application of the Excess Capital Premium charge as a penalty."** + +Also, note page 69: + +"The consequences when a broker-dealer defaults can be severe for the firm, its customers, other clearing firm members, and the stock market." + +Had the ECP charge not gotten waive, it still wouldn't have made a difference. It didn't matter. The only firm that would've defaulted would've been Robinhood, and that would've been bad for ALL customers of Robinhood at the time. We didn't really know about DRS back then, so we all used broker-dealers. The majority of us (myself included) used Robinhood, so them not defaulting back then actually wasn't actually so bad, especially if they had IOUs instead of shares (which I'm most certain they did and still do). + +So, here's what I see happening in the future right before short positions start closing and MOASS initiates: + +GME passes critical margin levels. We have periods of extreme volatility in the market, several halts, but GME is still too high to the point where margin calls are being made (mark-to-market & Value-at-Risk margin reqs not being fulfilled). The DTCC will waive the special additional charge, the ECP charge, like last time, but the "core" margin requirements are still upheld, like they've always been. SHFs cannot meet the "core" margin requirements, and default, undergoing liquidation process, similarly to the Lehman Brothers in September, 2008. DTCC computers kick in and start buying all the shares (you know the rest). + +I hope this helps Apes reading this understand that what took place was not margin calls being waived, but a special additional charge. + +**§2: Additional Findings From Congressional Report** + +There were other things I discovered in the Congressional Report that I felt like sharing here as well. + +In pages 26-28 of the Congressional Report, they briefly discuss how Elon Musk's tweet spiked volume in GME after he tweeted "Gamestonk!!" on January 26, 2021. + +[pg. 28 of the Congressional Report](https://preview.redd.it/7n8nwb2mgq991.png?width=719&format=png&auto=webp&s=887fdebe14cfa095d6b95e6011befac813811334) + +This is hard proof that billionaires and wealthy public figures showing support DO have a big influence on GME. SHFs likely noticed this and tried to shut down support from these public figures on GME after they regained control of the stock on February 2021, as I described in my DD [Are Billionaires (or Wealthy Public Figures) Being Threatened Away From Publicly Supporting GME?](https://www.reddit.com/r/Superstonk/comments/u4jwqy/are_billionaires_or_wealthy_public_figures_being/?utm_source=share&utm_medium=web2x&context=3). + +People like Cuban or Musk openly showing support to GME are a catalyst, as well as a risk to SHFs' short positions, which is most likely why they called Pulte to try to convince him to stay away from GME, telling him ominous things like "just looking out for you." + +It also perturbs me that there were major campaigns against Pulte (et al.) for no reason, too many Apes attacking him or being hostile towards him in this sub, trying to run him off even though he did absolutely nothing against the Ape community whatsoever. No offense, but it's like some people here are either too ignorant to understand that it's a good thing for a massive public figure with millions of followers to spread awareness on GME (as long as they are treating the community with respect, and not hurting the community in any way), or most of those people attacking Pulte were planted there to try to discourage him, or anyone with public influence, from supporting GME. + +Dr. Trimbath was another that this happened to. It's almost like anyone with a name and public influence gets pushed away and discouraged from helping the community: + +https://preview.redd.it/xlronblngq991.png?width=437&format=png&auto=webp&s=d94eaf1ebde877f8a3f66097a02ae150f4abf9a4 + +Maybe she got hostile DM's from fake Apes from SuperStonk, but I digress. + +There was another piece of unrelated news I have from the Congressional Report. + +Page 131: + +Proposed legislation H.R. 4619, to amend the Securities Exchange Act of 1934 to prohibit trading ahead by market makers, and for other purposes: + +Summary: "This bill would statutorily prohibit market makers from “trading ahead”; require the CEO of each market maker to annually certify that the CEO has performed reasonable due diligence during the reporting period to ensure the market maker has not traded ahead; and would impose personal liability on any associated person of a market maker who knowingly and willfully trades ahead, directs another associated person to 132 trade ahead, or is personally unjustly enriched by trading ahead. The bill requires the SEC to issue rules carrying out the legislation within 90 days." + +I'd consider this to be a good piece of news to come out of the Congressional Report. Even though this proposed legislation wouldn't be a catalyst for MOASS, it's a step in the right direction for market fairness. + +**§3: Supporting Factors** + +Going back to my main point of how SHFs can & will get margin called, there are many other factors in addition to the Congressional Report that indicate they are most definitely still slated to be margin called. + +For one, if SHFs were never capable of getting margin called, Melvin and Archegos would've never blown up. As a matter of fact, the Lehman Brothers, MF Global, Bear Stearns, etc., would've never needed to get liquidated to begin with. I mean, the DTCC completely waiving the "core" margin requirements would've lessened the extent of the 2008 crash, so why not do it? Because that's not how it works. Again, page 69 of the Congressional Report states that waiving the "core" margin requirements is not even permitted by the publicly available NSCC rules. + +IBKR Chair Thomas Peterffy stated in an interview after the January 2021 run up that he was afraid of a massive wave of bankruptcies (a domino bankruptcy) had GME's price continued to climb. + +https://reddit.com/link/vrwfjt/video/h51kmflugq991/player + +Also, keep in mind that he indicates at the end that the short squeeze didn't even happen, which corroborates the SEC Report stating that the January 2021 run up was due to FOMO and not a short/gamma squeeze. Shorts didn't close, and SHFs are still very much capable of getting margin called, which is why MSM has been consistently trying to get Apes to sell GME. Even today, they are very hard with their FUD campaigns on social media, the news, etc. They want you to think it's over and sell, because they need you to sell as soon as possible. They can't hold down the price indefinitely, especially when they're trapped in a price suppression quandary. + +I've discussed this in §1 of my [Burning Cash](https://www.reddit.com/r/Superstonk/comments/v0zrni/burning_cash/?utm_source=share&utm_medium=web2x&context=3) DD: + +"Do note that as time goes on, SHFs' margin decreases. This is because they continue to burn cash every week that goes by. Cost to borrow, their various ways of price suppression, can-kicking, increased liabilities, loss of funds from client withdrawals, etc., all costs them a significant amount of money every week. Keeping the price suppressed for this long is unsustainable and constrains their options. It's fun for us because SHFs give us a free 99.9999% discount on GameStop shares, and they have to pay for it all, but for them, it's pure agony. + +So, it's safe to say that since their margins have been decreasing, their critical margin levels (where they'd get margin called) would, consequently, decrease as well. This is visibly seen on GME's chart." + +Here's a graph illustrating their price suppression quandary: + +https://preview.redd.it/6aa3d02qgq991.png?width=1440&format=png&auto=webp&s=67e3f71b4584bc9506984f3c88593f7ff0eab319 + +This is a general model I created, which isn't exactly precise, but you get the idea. Any price movement passing critical margin levels (the red line), puts SHFs in a very stressed spot. They'd feel a lot of volatility and pressure here with their portfolios, and would be at high risk of getting margin called. Right now, even though passing critical margin levels would technically take GME passing $190 or so, I'd go for a solid conservative estimate and say that I'm almost certain that SHFs would get margin called at $250, as that would take into account any leeway SHFs might find in securing any additional collateral, whether from credit lines or elsewhere. In other words, it would be fair play at $190 right now, they could get margin called, but they'd definitely get margin called at $250 at this time. + +The "core" margin requirements are still on the table, regardless of the special additional ECP charge. SHFs are losing margin (they're burning through their cash trying keep the price down), and so, over time, they will need GME to continue dropping to survive. + +However, we also have the critical float lock level, which we'd reach if GME goes below $40. If you've noticed why SHFs have never taken GME to $40 for over a year, it's because times are much more different than before. Since June 2021, GameStop has over $1 billion cash on hand as well as virtually no debt. This is a company that cannot be cellar boxed; it's literally impossible for GameStop to go bankrupt. GME can't even hit pre-January 2021 numbers, because at that point, GameStop technically would have enough cash on hand to buy back the rest of the float themselves and kickstart MOASS. RC could do the same at that point. We also don't know what other big names might seize the opportunity to come in and help lock the float as well within the critical float lock level. + +Furthermore, DRS rates from Apes would increase exponentially. We have a solid DRS rate right now with the price at $120. At a price of sub-$40, I'd expect DRS rates to 3x, if not 4x, because of the extremely attractive price it'd be at, which would bring a lot more investors as well as capital. If GME were to be at sub-$40 right now, we'd lock the float within a few months (if it doesn't already get locked by GameStop or RC by then). + +Ergo, the walls are closing in on them. As critical margin levels get lower and lower, the price needs to keep dropping, but they can't have it drop to the critical float lock level, lest they accelerate their demise. If SHFs were never capable of getting margin called, why not stop wasting money suppressing the price for a bit and let natural price discovery take GME to, say, $5,000? That way, the float will never get locked because it's too expensive for Apes to lock, and SHFs never have to close their positions anyway, because they'll never get margin called. So, they can continue hiding their losses via swaps, keep their balance sheets nice and clean, and call it a win...right? Wrong. Because SHFs have always been at risk of getting margin called and liquidated. If they ever get to the point where their "core" margin requirements cannot be fulfilled, they will get liquidated. It doesn't matter whether the special additional charge (ECP charge) gets waived. They're still obligated to fulfill their "core" margin requirements, lest they end up like Lehman in 2008. + +\---------------------------------------------------------------------------------------------------------------------------------------- + +Additional Citations: + +DTCC, *National Securities Clearing Corporation Rules & Procedures*. 30 June 2022, [https://www.dtcc.com/\~/media/Files/Downloads/legal/rules/nscc\_rules.pdf](https://www.dtcc.com/~/media/Files/Downloads/legal/rules/nscc_rules.pdf). + +OCC. *The Options Clearing Corporation Disclosure Framework for Financial Market Infrastructures*. 11 Apr. 2022, [https://www.theocc.com/getmedia/4664dece-7172-42a5-8f55-5982f358b696/pfmi-disclosures.pdf](https://www.theocc.com/getmedia/4664dece-7172-42a5-8f55-5982f358b696/pfmi-disclosures.pdf). + +Sec.gov. 2021. *Staff Report on Equity and Options Market Structure Conditions in Early 2021*, 14 Oct. 2021, [https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) + +U.S House Committee on Financial Services, *GAME STOPPED: How the Meme Stock Market Event Exposed Troubling Business Practices, Inadequate Risk Management, and the Need for Regulatory and Legislative Reform*, (June 24, 2022), [https://financialservices.house.gov/uploadedfiles/6.22\_hfsc\_gs.report\_hmsmeetbp.irm.nlrf.pdf](https://financialservices.house.gov/uploadedfiles/6.22_hfsc_gs.report_hmsmeetbp.irm.nlrf.pdf) + +\------------------------------------------------------------------------------------------------------------------------------------------------ +Hello /r/IndiaInvestments, + +I'm making this post as an update to the post I made this past Monday. [Link](https://www.reddit.com/r/IndiaInvestments/comments/vwd7qr/i_got_a_call_from_hdfc_bank_saying_theyd_reduce/) to the previous post. + +As I mention in my previous post, I got a call from an HDFC bank rep (who turned out to be from ICICI Lombard later on -- so she technically LIED to me) about 'personal accident/loan protection bundle' for lowered interest rate *quid pro quo* deal. + +So, I got the personal loan money disbursed in my account at 10.99% as promised by the HDFC loan sales agent (as promised). I then called the ICICI Lombard helpline and requested to cancel my policy and they generated a 'service request number' for my cancellation request. + +The tentative timeline given by the ICICI Lombard folks was about 10 business days, but I'm hoping it gets processed sooner so I'm not forced to claim a chargeback on my CC through which I paid the premium. + +Just wanted to give you folks an update. Thanks for all those who gave me a heads up about IRDAI's 15-day 'free-look' period. + +Also, another question I had was about the refund amount. Will I get the complete amount back (including GST and stamp duty) or will ICICI Lombard deduct the aforementioned from my paid premium? + +Grateful to this wonderful community. Cheers! +Following is from [a Twitter thread](https://twitter.com/aditya_kondawar/status/1357600035379183616?s=08): + +> Hearing a few Upstox reviews stating that Upstox has sold long term portfolio holdings in portfolio without consent - Scary! + +[Upstox notification screenshot](https://twitter.com/aditya_kondawar/status/1357625230194188288?s=08) - from the same Twitter thread + +[Another one](https://twitter.com/rohits_bn/status/1357604185919938565?s=19) + +As one of the tweets in the comment of the thread says, one of the possible explanations is [short delivery](https://zerodha.com/z-connect/queries/stock-and-fo-queries/consequences-of-short-delivery-nse-bse) + +Another [comment suggesting](https://twitter.com/pankyhaunts/status/1357636962161623040?s=19) that in such cases the amount credited should with a penalty: +> In this case the amount credited should be with 20%of penalty. It happens once with me i bought HEG and it went for UC after that but i received my money after 3 days with 20% extra and when i enquired it was found thst tge seller has to pay it to buyer if he fails to deliver + +Seems like the extreme volatility and volume of the budget day rally has resulted into this. But surely, not getting delivery of your stocks is something which would make me very uncomfortable. + +Anyone faced this issue or got notifications from Upstox? + +Also, how common is this issue with brokers? Any guidance/learning from folks on this sub from their past experience (if any)? +Hey (This is more of a personal question but nothing speaks against it in the rules) + +I'm in my third semester studying economics in the University of Mexico and I am at a point were I don't know what I should do with my life. I am interested in a variety of topics (I am an avid philosophy reader and would have honestly loved to study literature) even in economics, where I like some of the aspects of marxist economics, but econometrics sounds super fun and so do behavioral economics. Even mainstream at times, my first micro course was super fun. + +I have strong ethical and philosophical beliefs and notions but when it comes to economics I just don't agree with anything, the more I read about any branch I just feel the same, value theories and everything really is just invented out of thin air. I understand that this is a science now with how society works, but this is an explanation as to why I really don't have a problem with most branches, even though I find some more ethical than others. + +I know you lot are Americans and since the US won the Cold War Marxism is like a symbol of the worst thing ever and mainstream econ has become the, well, mainstream, so I don't want to argue or debate about that. + +My plan of life used to be like graduate and get a PhD in the US, maybe focusing on econometrics or something I would find passion for later in my bachelor's. I do want to make contributions to the field as well. However I do feel like heterodox economics are worth looking at and working in. + +I guess my question is, what should I do? Is it possible for me to develop theories in more than one field? Should I just wait until I am more advanced into the degree to think about this? +I am 33 years old, my wife is 30, and we have a two-year-old. I’m an investor with 48 properties and over seven figures in stocks. + +I’ve recently really started to appreciate my wealth. I live in Ohio, so there is a reasonably cheap cost of living. + +What top jobs did you hire out that made your life easier (maid, nanny, driver, etc.)? + + +As silly as it sounds, the stress of coming home and our house is chaotic, toys everywhere etc make we want to higher someone just to put everything back at night, is that like a cleaner, organizer, maid? + +I really appreciate any help you can provide. +In the value investing realm, Joel Greenblatt is a very well known name. + +He has a way to screen stocks by metrics of "cheap" and "good". + +- The measurement of "cheap" is ebit/price to get earnings yield. + +- The measurement of "good" is how much earnings they make from the amount of capital they deploy. Formula is ebit/(net current assets excluding cash + net fixed assets) + +Then he gives 2 metrics equal weighting. For example let say of 100 stocks he screens, the most profitable company is ranked 1 for "good", but earnings yield is the lowest because the price is expensive, so it's ranked 100 for "cheap". Then the total score is 101. + +So the highest ranked stock means it has the highest COMBINATION of rankings on both "good" and "cheap". Basically if you buy blindly using that screener you are bound to end up with a decent stock. + +And if you use that screen to filter doen to about 30 stocks and buy them all, you end up with an index of value stocks, and that index returns about 20% per year. + +Has anyone tried this approach? The rationale is very simple and sensible. +Equity options Aug. expiration is tomorrow and this cycle was probably the worst since March 2020. I thought I'd just write to let people know if you got beaten up this month, it's not necessarily because you are a bad trader. We had explosive realized volatility all over the place and shrinking IV. It's a perfect storm for terrible losses. +Just kidding. They're not. But what in the actual fuck is going on with the mods and this sub right now? Any posts are getting taken down under rule 2. + +Yet u/blowtestmebaby can spam the shit out of the sub every few minutes with BS posts that are downvoted into oblivion? Something seriously fucked up right now. We have an 8+ million community right now and there's nothing getting through the mods/auto-mods except for a sparing few posts. + +What in the actual fuck. Whether you think GME or AMC are garbage or not, this is NOT WSB. + +Edit: also funny how this is the first post in the last few hours that I've attempted to post (of many) that didn't get filtered out by the auto mod. And see title. 🤔 + +Edit 2: looks like u/blowtestmebaby either got banned or posts removed (finally). Not sure how it got through automod in the first place. But either way, quality posts are being rejected and it's fucked up. Just a heads up for people to be skeptical what you're seeing out of this sub. Do your own DD and don't be influenced by "bots". Buy/sell/hold whatever YOU want, when YOU want. + +[](https://i.imgur.com/WuDs8AL.jpg) +I never feel like I'm saving enough. + +I make about 60k per year at my regular job and that basically gets eaten up by bills (mortgage, car insurance, gas, utilities, food, etc). Then I also work a second job almost everyday that makes me an additional 2k/month. + +I save and invest the 2000 per month from my second job, but is this good enough? And at what cost? I never have any free time and I feel like I'm wasting my life. + +I am 30 years old, fwiw. +How much are you all saving and at what age? + +I just feel like by the time the mortgage and bills are paid, there simply isn't enough left over. +If you haven't been paying attention, there's been some interesting developments in RC's other investment: BBBY. Over the past week, BBBY went from about $11 up to $30 and now dropping back to $12 (AH today). What's going on? + +[Buckle Up all around](https://preview.redd.it/sdu4j0ocfji91.png?width=2398&format=png&auto=webp&s=6b4210e75b2b96676110235e616e405ea2ae7a75) + +**What if RC just played 69-D Chess turning the tables on Citadel and SusQ with a reverse Uno?** + +Two days ago (Aug 16), we saw that [Citadel and Susquehanna are big shareholders in BBBY](https://www.reddit.com/r/Superstonk/comments/wpwppp/citadel_and_susquehanna_are_big_shareholders_in/). Citadel and Susquehanna *went net long* on BBBY probably because RC was heavily invested in BBBY when it had over 100% short interest which is *very deep* into Short Squeeze territory. + +**The short positions were never closed** \-- the shorters (e.g., Kenny, Citadel and SusQ) used swaps to shift the short risks to people who were supposed to get *wrecked* when BBBY squeezed. Kenny, Citadel, and SusQ *set up bag holders to fail*. Probably teacher **pensions** ([Ken takes ZERO accountability again. Puts all the blame on retail investors for bringing down Melvin and stealing the pension funds of teachers!](https://www.reddit.com/r/Superstonk/comments/ut71as/ken_takes_zero_accountability_again_puts_all_the/) and [MOASS Confirmed by Ken Griffin](https://www.reddit.com/r/Superstonk/comments/v26rya/moass_confirmed_by_ken_griffin/) and [OCC Filing of Advance Notice Expanding Non-Bank Liquidity Facility Program \[to destroy pensions\]](https://www.reddit.com/r/Superstonk/comments/w7zy4c/occ_filing_of_advance_notice_expanding_nonbank/)). + +MSM and Wall St have been attacking Ryan Cohen for his BBBY position. Interestingly, we find out today that [RC sells his position making some fat cash](https://www.sec.gov/Archives/edgar/data/0000886158/000092189522002496/sc13da313351002_08182022.htm) ([SuperStonk](https://www.reddit.com/r/Superstonk/comments/wrtqb4/rc_officially_sold_towel_stock_sensing_big_buy/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)). Now, RC can't be blamed for a BBBY short squeeze. BBBY hasn't squeezed yet and *he's out.* + +On this news, BBBY stock tanks down to $12 AH. Remember who just went long? **Citadel and Susquehanna** \-- their long positions just took a nosedive off a cliff. + +**Now what?** + +Remember those bag holders Citadel and Susquehanna aimed to wreck with swaps? Swaps work both ways. **They just got a huge windfall in profits!** Citadel and Susquehanna need to pay up and close those swaps that were supposed to wreck the bag holders. The targeted bag holders just got a lesson in understanding who they're trading with before signing on the dotted line. + +**TADR: Citadel and Susquehanna just got wrecked** + +* RC just played 69-D Chess making bank off BBBY *before* it squeezes. (Remember how Burry gets visited by the FBI and audited by the IRS? RC probably would like to avoid some of that.) +* Citadel and Susquehanna went *net long* BBBY two days ago (Aug 16) so they were primed and ready to profit off a squeeze where they would pin the blame onto RC *who's now out*. Their long positions just nosedived off a cliff. **Guess who needs liquidity now???** (Hint: [Citadel Bonds rated one step above Junk status Baa3. Can’t make this shit up.](https://www.reddit.com/r/Superstonk/comments/wqtvie/citadel_bonds_rated_one_step_above_junk_status/)**)** +* Citadel and Susquehanna set up bag holders (think *pension funds*) for the BBBY squeeze. Except with this drop, the swaps are handing the bag holders fat loads of cash *from the people who tried to screw them*. +* The short interest is still out there. The shorts never closed. Assuming the targeted bag holders get smart real quick, they'll get paid out leaving Citadel and Susquehanna to be net short again to take the fall when BBBY squeezes.  +* RC, being out of BBBY, can't be the scapegoat for the eventual BBBY squeeze. + +Obviously, Citadel and Susquehanna now just lost a ton of money which makes it real hard for them to keep their GME short game in play. + +EDIT: Add link to [rc officially sold towel stock.. sensing big buy order coming, 🚀](https://www.reddit.com/r/Superstonk/comments/wrtqb4/rc_officially_sold_towel_stock_sensing_big_buy/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +EDIT 2: "**The short positions were never closed."** The BBBY squeeze is not yet squoze. + +Buckle up! 💎🙌 + +EDIT 3: Emphasize teacher pensions with links. + +EDIT 4: [Financial Times: Ken Griffin’s Citadel Securities borrows $600mn as trading revenues surge](https://www.ft.com/content/f3206b39-0cd9-4956-8a87-f5b2f85025ea) courtesy of u/Longjumping_College's comment Citadel needing liquidity + +EDIT 5: [RC Sold 2 days ago (Aug 16 and 17), price crashed yesterday (Aug 18)... After hours. It's all smoke and mirrors](https://www.reddit.com/r/Superstonk/comments/ws58at/some_clarity_rc_sold_2_days_ago_price_crashed/). And BBBY's CFO sale has been planned since April ([Guess who else sold this week? The CFO Gustavo Arnal. PLOT TWIST he decided this in April](https://www.reddit.com/r/BBBY/comments/ws26r2/guess_who_else_sold_this_week_the_cfo_gustavo/) and [Something big is brewing](https://www.reddit.com/r/BBBY/comments/ws0mzy/something_big_is_brewing/)). + +**Timeline:** RC bought in March and gets in with BBBY. Just as how GME sold shares during the peak SLR periods, BBBY's CFO learns from RC and plans a sale in April for the peak *earlier this week*. + +**This has all been** ***expected***. The dump occurred *after* RC sold based on MSM which now paints MSM as the manipulator. To top it off, this all seems like *magic* to anyone at BBBY which is great for building **trust** between RC and BBBY. **Lots of money just flowed** ***out*** **of Citadel and Susquehanna** \-- both heavily short on RC's main investment, GME, and in need of liquidity. +I really don't want to sound like some corporate shill, but I want to share this because it has helped me tremendously with my food budget. If this is against any rules, please take down. + +I started using the app called Mealime in September and it has changed my life. It is a free app, I get it through iOS. You pick meals that you're interested in making for the week and it creates a grocery list for you. Then when you are ready to cook it gives you step by step instructions. It also has an option for picking meals together that use up the same ingredients, so you aren't letting anything perishable go to waste. The meals are using mostly fresh produce and they have the option to change preferences based off of allergies and foods you dislike. + +Before mealime I would have a really hard time grocery shopping. I didn't know how to shop for meals. Instead I would just get random stuff that I thought maybe could feed me throughout the week. Usually this was sweet potatoes and frozen chicken breasts. I would end up not getting enough food and eat out, spending through my food budget, getting depressed, and not feeling healthy. + +Since using mealime, I'm gotten my food budget for the week down to a science. I have favorite meals that I will use consistently, and sometimes i'll feel spontaneous and try something new. The meals sizes you can choose are 2 servings to 6 servings. I'm a single person so I do the 2. Sometimes I will cook for both me and my boyfriend or I will take leftovers for lunch the next day to work. I've noticed how much healthier I've felt, I actually like what I'm eating, I'm enjoying cooking, and I've saved so much money because mealime is forcing me to plan out my meals throughout the week. Usually I'll chose 3 meals for the week, then get a couple things I can make quick on days I'm not super hungry/short on time (Potatoes, quick soups, rice). + + +Not sure if it would work super well for families, but for a single person like me it's been a lifesaver. +Hi all: + +Just wondering what are some theories behind what is best to begin my real estate investing journey? I have enough to begin investing in a property but what is the best type to begin with? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +An increase in interest rates from say, 2% to 4%, is a 100% increase in the amount of interest that needs to be paid. And with people buying houses at very high prices (coupled with paltry wage growth) I just don't see how all the debt can be serviced. Thoughts? +Throwaway account - I was lucky enough to be a part of a recent IPO. Due to AMT, I will have a $1m+ tax bill due in April 2021 that I can’t pay because my shares won’t be liquid until later this year due to the lockup period. (yes I know I should’ve planned for this but due to some special circumstances the tax bill came out much higher than planned) + +What should I do? I was considering either trying to proactively set up a payment plan with the IRS (I think they charge 3% interest, but I’ve heard that this can be a massive pain to do and involves a lot of paperwork) or just file for an extension until October 2021 and then pay the tax bill before October with interest. + +Any advice? I have a CPA and have already asked for his advice but wanted to get some other ideas to make sure I’m not missing anything. + +EDIT: Thanks for all the responses so far! To answer a major question that has come up, I've already looked into a securities backed line of credit but can't do it yet because the lockup agreement prohibits pledging my shares. + +And also of course I trust my CPA to file an extension - he actually recommended filing an extension and paying before October instead of doing a payment plan. This seemed crazy to me, which is why I wanted to get a second opinion from random strangers on the internet :) +A week before the flash crash he made about $1.2 million in 2 days. And exactly on that day when the flash crash happened he made $9.5 million. Later he shut his system and after 30 minutes the crash triggered. +I always rolled my eyes at these types of posts on WSB because they seem pretty self indulgent, but then I realised that some of you might actually find my story helpful or edifying in some way, even if I am just a lucky retard. So here goes (this is long, so thank you if you make it to the end): + +How I went from $5k to $65k, back to $10k, then to $120k, back to $70k and finally hit $200k in 5 years, starting at age 18, and why none of it really matters - + +As requested, here are my best and worse trades: + +Best: +$65k profit on ESK +$25k profit on SZL +$35k profit on SZL again +$30ishk profit on Z1P +$20k profit on OPY +$30k total profit on BBOZ/BBUS/GEAR +$10k profit on 9SP + +Worst: +$50k loss bagholding Z1P, OPY and SZL after earnings +$12k loss on BBOZ + +My story: + +I moved out of home when I was 18 and went to the city of Melbourne to live in a shitty share house because I thought I was gonna do something big with my life. At the time I was running this retarded charity but I really thought I was doing something others weren’t and making proper moves. That whole venture inevitably failed and I realised two things: +1. If you want to have a real impact in this world you need either money or power, but likely both. +2. Living independently is expensive and I’m a fucking retard for thinking I could make a living out of giving other people money. + +So, I worked out the figure I would need to actually make some kind of real impactful change in my life and others and it came out at around 200k. The details don’t really matter but the point is I had a very strong motivation. I wasn’t just chasing money for the sake of saying I had money. I had a plan for it. To cut a long story short, I saved up my first $5k working about 6 different jobs (mostly pizza/delivery driving jobs, night jobs like bar work, shelf stacking and I also worked at flight centre during the day) and with my part time wage at flight centre I marched into Westpac and demanded they give me a mortgage. No, seriously, in my first interview with a mortgage broker he basically told me it was idiotic to ask for a mortgage on a part time wage but I quite literally didn’t take no for an answer and told him to stick all the figures into their little home loan calculator and the figure came out at $45k as what I could borrow. So with the $45k mortgage and using my $5k as a 10% deposit I bought a $50k block of land (3 acres) near Halls Gap. The mortgage on it was about $250 a month, so I rented the land out to a beekeeper for a year, and to a farmer to use as a paddock for the second year, charging $300 a month. After 2 years I sold the land for $102k without real estate agent fees or anything. Just did it myself online and paid a solicitor to draw up contracts etc. That pretty much brings us to 2018 and I’m thinking “what next?” After endless hours of research I decided to split the money up. $25k to the stock market, $15k to my new “business venture”, $5k on advertising for the book I had written during the two years I had the land (it’s a fiction novel and completely unrelated) and $5k to spend on furthering my own education and inventory (short courses, a business camp at Melbourne uni and equipment for making videos and writing etc). The business venture was buying up vending machines/atms and flipping them or sometimes just riding the income. Most I just left where they were but I had 1 installed in a pub in the country town my mum had moved to and 1 put in a hairdressers in the south of Melbourne. At the peak of this venture I had about 7 atms/vending machines around Vic. +Now, for what you’re all probably here for - the stock market. +I pretty much wasted the whole of 2019 just investing in really safe boring shit that pretty much offered very little in terms of capital gains. I also didn’t give it enough attention because I was so focused on other things (was at uni during this whole time too) and some life stuff happened that set me back a bit (moved back home with my mum and couldn’t work for a little while). And this is where, honestly, the factor of sheer blind retarded luck comes in - I decided in January of this year to just take all my money out because i couldn’t give it my full attention. I wasn’t on any forums, or reading the news so I had no idea about Corona. Then the market started to crash, and suddenly I realised all my money needed to be pooled back into the market. I had already sold a good amount of my machines and quickly listed the rest on gumtree etc. Most sold pretty much straight away and I threw the money I had (around $65k) on different shares (some banks, APT, and web/flt thinking I was timing the bottom). Then it dropped even more, and I panicked. Went online, found ausstocks, WSB, etc. Decided BBOZ was a wise investment, and lost even more as the market did a 180. Essentially at my worst point I was at a measly $10k. I was devastated. All that hard work and strategy and whatever for nothing. Then, I wrote down some rules. + +My rules/tips: + +1. First and foremost, you need to find a way of trading/investing that works for you. For me, contra-swing trading was the most successful, but that’s really just a fancy way of saying I trolled asxbets looking for rockets I liked and leveraged myself to the tits on them using CommSec’s T+2. The downsides to this were the times where I would be holding something that’s getting pummelled and I’d have to sell instead of being able to hold. The upsides were that when I was really sure about a stock or an idea, I could use $250k worth of leverage when I only had $125k in my account, and could take way better advantage of the returns. This can be risky so you do need to be careful, for example I seriously don’t advise using all your leverage on a hyped up penny stock, but without this I wouldn’t have had anywhere near the type of returns I’ve had over the last year especially. +2. Be humble or risk being humbled. Any time I started wanking to my own reflection cause I’d made $400 in 2 minutes whilst people slaved away at their 9-5s for a quarter of that, i would immediately be put in my place by the market. It’s nonsense talk and the market will always be happy to bring you crashing back down to earth. +3. Contextualise yourself, constantly. The overall market matters just as much as your individual ticker. We have just come out of one of the best bull runs in my human existence, if not the best. I knew the early losses didn’t matter cause eventually the crashing would stop and the other side would be glorious, BUT I was extremely lucky not to completely run out of money before that happened. Currently, we are seeing a BNPL craze (probably a bubble) but it’s an absolute cash cow (just don’t get too attached cause it can fall out it’s ass at any minute). +4. Set consistent goals and reward yourself each time you hit them. It can be draining as fuck, so run yourself a bath when you hit your next mark or do something else gay to chill the fuck out. I didn’t too this till it was too late and found myself having fucked panic attacks in the middle of Coles. +5. Adversity is your friend, not your enemy. There can be some amazing lessons buried beneath the pain of failure or loss. You just have to look. Also, amazing, life changing luck often has a funny way of disguising itself as terrible, shit luck. +6. Be patient. There won’t be a rocket every other night. +7. Develop your own internal price meter for tickers and the market. What’s it worth? If you know, then you can say if it’s undervalued or overvalued. Buy when it’s under and sell when it’s over. You won’t always be right, but more often than not you will and you’ll beat the market to it. +8. Look for reasons to be wrong, not ones to be right. Confirmation bias is a massive thing. Learn about it, and when you find yourself posting on reddit at 1am saying “what do we think boiz, is NZS going to the moon tomorrow?? 🚀🚀😈😈” then you probably shouldn’t have put your money in it. +9. There are other investments outside of the market. I owned land, atms, wrote a book and I also invested in myself. Diversify, be creative. +10. Finally, follow your rules. Sometimes you’ll want to break them, but don’t. You wrote them down for a reason. + +There are also some fundamental rules in the market which I think are important to acknowledge and I’ve never seen them be wrong, such as: + +1. Supply and demand is king. It just is. It’s the whole point of the market, so don’t ignore it. +2. “Buy the rumour, sell the news” - every time you think it’s gonna be different this time, this time it’s gonna exceed expectations, and it does, but it doesn’t matter. If a stock has any kind of hype or run up leading to rumoured news or announcements or earnings, it’s been priced in. + +3. Speaking of, “priced in” - I like to think of the market as a very efficient, evolving beast, that thrives on hype and crumbles on uncertainty. That’s all to say that, 50% of the time, it’s priced in all the time. + +4. Market open and market close could literally be their own independent markets - in my early days I’d buy a stock only to sell it at open in a panic for a -5% loss, only to see it zoom to +4% by afternoon. Generally, you want to buy before close and sell at open (that’s if it’s a gainer. If it’s a loser, never sell at open). + +5. On busy stocks (lots of volume), don’t place at market orders. They take forever and you’ll lose money. Consistently refresh and chose an at limit price. + +6. Don’t panic. Even swing/day trading something, do your best to limit emotion. My best trade (ESK), I was originally facing a $20k loss, but I used all my remaining leverage and doubled down. The next morning it had doubled in price. Think to yourself “what would a millionaire do right now?” And do it. + +7. Tell FOMO to fuck off. Who gives a fuck, really, if you missed out. You can’t get every single gain on the market, but if you’re a FOMO retard you’ll likely get every single loss. I bought APT at $8.90 and sold it the next day for $600 profit so I could buy more BBOZ. Every now and then I calculate how much that APT holding would be worth now, last time I checked it was around $340k. But I also know that I learned from APT FOMO, and still profited hugely on the BNPL craze because I identified the fact that I wasn’t alone in that FOMO and people would start looking at the other BNPL stocks eventually, which allowed me to get in early. + +8. Hype is good but don’t just blindly jump on rockets. Decide for yourself (DYOR). I bought ESK because I genuinely believed it was undervalued. I thought fair value was around $1.80 at time of announcement, and it reached $3 or something. Straight after, ATH rocketed up, but I left it alone cause it was a shit announcement and I knew it was just ESK FOMO. + +But honestly, above all else, you should look after yourself. I didn’t, and it affected my health both mentally and physically. Your body needs care and affection, and you need to like being in your own skin and around the people you are around. If you find yourself sitting at a family dinner completely zoned out because you’re picturing Z1P going to Mars, then maybe it’s time to take a break. And just like on the days where you reward yourself for smashing a target, you need to care for yourself when you feel like a worthless piece of shit cause you lost $30k on ATH. + +But, here’s why none of this matters: + +The truth is you’re probably not gonna be able to replicate it. Majority of my gains this year were due to the following factors that I’ve been able to identify: +1. Biggest bull run in history didn’t hurt +2. Evolution of social trading +3. Good timing and luck + +I’m also young and don’t have any real responsibilities. Many of you probably have a completely different risk appetite so a lot of my advice is probably moot to you anyway. Chances are I also have no fucking idea what I’m talking about. I don’t have a degree in finance or commerce. I don’t know how to read charts or play options. + +Anyway, I hope some of this was helpful to some of you in some way. This was really just meant to be a love letter to all of you, so hopefully it didn’t come off too much as a love letter to my own stiff dick. + +Good luck! +Ever wanted to see how it would look if someone bought ALL the dips? Here's your chance! + +&#x200B; + +EverBoom is a reflectionary buyback token that rewards its holders and buys on every sale as long as the bot is funded. BNBs from the unlocked portion of the presale will be directly deposited into the bot to eat sells. + +&#x200B; + +We have experienced based devs, marketing funds, presale that was sold out within minutes, all the ingredients are there to make this fly! + +&#x200B; + +And the best news? You’re early! We're launching in 3 hours! + +&#x200B; + +Tokenomics: + +💲 1,000,000,000,000,000 Total Supply + +💹 2% reflection to all holders + +💰 3% to the marketing wallet + +🐳 6% to the buyback whale + +🔒 70% Liquidity Lock on DxSale + +✅ 30% From the presale goes to the Buyback Bot to eat sells! + +&#x200B; + +Liquidity will be locked via Dxsale + +&#x200B; + +There's 3 members on the team, all of them trusted and experienced. One of them involved in several projects before this, that all exploded. + +&#x200B; + +Website: [https://www.everboombsc.com/](https://www.everboombsc.com/) + +&#x200B; + +Telegram: [https://t.me/EverBoomBSC](https://t.me/EverBoomBSC) + +&#x200B; + +BSCScan: [https://bscscan.com/token/0xB082Fd9E341ED77bd70a802f7734faf98D325b92](https://bscscan.com/token/0xB082Fd9E341ED77bd70a802f7734faf98D325b92) +On March 22, RC purchased 100k GME shares. This gave him a total of 9,101,000 shares. +Now we’ll come back to this later. On June 9, 2021 Gamestop released a [424B5 Prospectus](https://www.sec.gov/Archives/edgar/data/1326380/000119312521186796/d192873d424b5.htm) for their 5 million share offering. In section 16, there is an interesting paragraph. + +*If a depository for a series of securities is at any time unwilling, unable or ineligible to continue as depository and a successor depository is not appointed by us within 90 days, we will issue individual securities of such series in exchange for the global security representing such series of securities. In addition, we may, at any time and in our sole discretion, subject to any limitations described in the applicable prospectus supplement relating to such securities, determine not to have any securities of such series represented by one or more global securities and, in such event, will issue individual securities of such series in exchange for the global security or securities representing such series of securities.* + +Gamestop announced a splividend and it was executed on July 18th (although delivered on 21st). + +Now remember that 90 days limit for removing shares from the DTCC? 90 days from July 18th is October 16th, 2022. + +Now let’s go back to the number of shares RC has : 9 1 0 1 0 0 0 If we flip the number 9101 upside down. + +It reads a date, + +#10 / 16 + +I believe this is the day the blockchain stock exchange will be unveiled. LFG +It’s by Bharatpe but the messaging keep pushing ‘Powered by Bharatpe’ almost as if they want to use BharatPe’s name but liability are separate entirely. + +12% fixed return seems brilliant in theory, can just park any excessive money there including FD amount etc. But I’m not able to reconcile the risk with this one. On one hand, it is effective p2p, taken from us and through NBFCs, going to peers in the network, but is my money going to a specific peer(if they default, is all my money gone?), or is my money going to a collective pool from where 1000 different peers are borrowing money? If 10 default, the pool collectively see a loss and that too, mostly will be covered since the peers are given loans at a higher rate: 15-27% or something like that? + +Current investment limit is 10lac, to be expanded to 50lac. I did 100k today but can do a couple of more lacs but not able to get over the supposed risk. At the other hand, savings bank at 5-6% is so annoying! +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! + +\-Trident offers a fast & secure decentralized platform for all crypto transactions. + +\-We offer a simple and easy to use by design. 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Earn wallet rewards and subscriptions. + +Tokenomics: + +🔐4% liquidity lock + +💵3% tax wallet + +🔄3% redistribution + +• Discord: [https://discord.gg/FTs6nxrcSj](https://discord.gg/FTs6nxrcSj) + +• Telegram: [https://t.me/Token\_Trident](https://t.me/Token_Trident) + +• Twitter: [https://twitter.com/Trident\_Token](https://twitter.com/Trident_Token) + +• Reddit: [https://www.reddit.com/r/Trident\_Token/](https://www.reddit.com/r/Trident_Token/) + +•Website: [https://www.tridenttoken.com/](https://www.tridenttoken.com/) + +Contract Address: 0xdd9d737e55028021827d36433db75f575db5459 +Our farther tom who art in commsec, hollowd be thy autist. Thy r/ASX_Bets come, our tenddies come on our portfolio as in our DDs. Give us our daily tepid foot milk. Forgive our penny stock yolos and forgive those who fomo at peak . And lead us not into a pump and dump, but deliver us from a market crash. +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! + +Hi All, + +Now that the we are just 7 days away from the shareholder's meeting scheduled for 6/9 I wanted to share some thoughts on what we can possibly expect from the meeting itself. + +Gamestop confirmed the meeting for 6/9 at 11am EST and will conclude at 11:15 EST. Dont expect any big announcements during the meeting especially since its only 15 minutes. What usually happens in these meetings is the company will announce the PRELIMINARY results to the proxy vote. They wont announce the vote count because it simply wont be finalized yet by then (more to come on that later) they will know which items passed the vote and what didnt and thats pretty much all they will tell us. After announcing prelim results of the vote I would expect Sherman to have a few closing comments maybe hype up the earnings later that day but thats pretty much it. Remember the meeting is only 15 minutes. Link to announcement below + + +https://investor.gamestop.com/news-releases/news-release-details/gamestop-announces-first-quarter-fiscal-2021-earnings-release + + +So your probably thinking what about the vote count and when will we get those juicy numbers? Well I looked back at last year's meeting and what they did was 4 business days AFTER the meeting Gamestop filed a form 8-K with the SEC disclosing the finalized voting numbers which I linked below. I also took a screen shot of the most relevant part which is Gamestop announcing over 42 million votes tallied for a total of 66.4% voter turnout. So this is the filing we will all be waiting for and we know this year voter turnout will be much closer to 100% with votes counts potentially reaching the 100s of millions. And for that very reason we will probably see a delay longer than 4 business days for when final voter results are released. + +https://news.gamestop.com/static-files/349495b7-542f-4501-921c-320746dabbba + + +https://imgur.com/G0cczeE + + + +So now that we know not to expect the vote count at the shareholders meeting and that it will likely by delayed by at least 4 business days expect Citadel and friends to take advantage of this. They know our tits are jacked and that we are beyond hyped to get the voting results so they could use this delay to launch another major short attack. If the numbers are as bad as we are speculating then this is likely their last chance to shake as many paper hands as they can before Ryan Cohen drops the potential nuclear bomb that is the voting results. + +In short (TLDR) Dont expect voting results at the meeting or any big announcements for that matter. Final vote counts last year took 4 business days to release this year could be the same. Buy, Hold, Vote. + +EDIT: u/warheadhs pointed out that the 8-K is due 4 business days after the meeting so it wont be later than that. Still expect hedgefund fookery + +EDIT 2: u/humanslime shared a great table showing all the voting results from past years and wanted to include https://i.imgur.com/liOka98.png + +EDIT 3: u/greysweatseveryday made a good point that gamestop will know the final results at the meeting because the votes would have already been counted. I agree with this but when looking at last year where the election was a contested one and very close for that matter the actual vote numbers weren't shared at the meeting. Whatever Gamestop ends up doing this year dont be disappointed if vote numbers aren't shared until the 8-K filing + +EDIT 4: Some of you in the comments pointed out that Wes in the AMA today mentioned that share counts can easily be fudged or swept under the rug if they exceed existing share amount. Dont pin your hopes on exuberant vote counts if thats the case! + +EDIT 5: A lot of you have been asking what about other announcements like new CEO, NFT, crypto div, ect. These can literally be announced at anytime. While its possible they might have a something extra to announce at the share holders meeting I would think it's more likely we get something at the earnings call instead later hat day at 5pm EST. Remember Gamestop has been making most of their recent announcements either before or after market close and earnings call is after hours. IF NO ANNOUNCEMENTS ARE MADE THEN WE JUST SIMPLY CONTINUE TO BUY AND HOLD SIMPLE AS THAT. +By comfortable, I don't mean having net positive cash flow in your first year or something, although that could be one's interpretation of "comfortable," which I'm not putting down. + +I'm talking about when you finally felt like you succeeded in real estate investing. That feeling when you're, like, "You know what? All of those hours of research, learning, networking, landlording, rehabbing, etc., is paying off and was worth every second." + +I know this will vary based on location, so I was just wondering +Found an extremely helpful resource in my reddit feed today. This is released by a state university for those who are laid off during this pandemic. I thought I'd share it here for the greater good. +Here is the link to their webpage: [https://www.csueastbay.edu/ocpd/](https://www.csueastbay.edu/ocpd/) + +Hope it is helpful for those who are looking out! +My brother signed on at "Lolmart", and his initial pay was $12.20/hr. Without notice they came to him a few weeks later and told him they had adjusted his pay down to $9.50. They didn't give him a reason for this adjustment. + +This is problematic because he quit his second jon (paying $10/hr) because he had this ~$12/hr job. Now they are forcing him to take a paycut for no reason. + +What can be done in a situation like this? + +Edit: Formating. Also: I guess this practice is entirely legal. It just *seems* fucked up to me. He can't quit, as he has a family to feed and bills to pay. We will look into contacting the department of labor to see about recourse. We will also look here for more suggestions! Thanks, guys! +I changed employers in November. Previously I was employed on a somewhat salary basis (hours worked were verified but you received the same amount biweekly unless you worked OT). I noticed last week that they haven’t stopped sending me biweekly paychecks. Obviously I love getting free money so I’m tempted to see how long it goes on for, however; do they have recourse over taking it back from me whether through taxes or otherwise? Basically, should I let them know or continue getting free cash? PS: this is an enormous, multi-billion dollar company who has hugely benefited from the pandemic, so morally I don’t feel bad. + +Edit: Of course my first big Reddit post would be about money problems, lawl. Thank you everyone for the advice. I’ve reached out to HR and am awaiting their reply. I’ll update. Also have another r/personalfinance thread about to go up so if you know much about car loans head on over there and help a stranger out (again). +# + +[Credit to u\/bluestar4u for the meme](https://preview.redd.it/ufchoh4nylv71.jpg?width=677&format=pjpg&auto=webp&s=6e0f9bbf64523fe907a10d3d79a01b4fc07411b1) + +\--------------------------------------------------------------------------------------------------- + +# Archived Versions + +Dave Lauer Twitter Space + + +[https://www.youtube.com/watch?v=UBCz6W7WGN0](https://www.youtube.com/watch?v=UBCz6W7WGN0) + + +Official Youtube Channel + + +[https://www.youtube.com/watch?v=0EIpcCdBK-U&t=3300s](https://www.youtube.com/watch?v=0EIpcCdBK-U&t=3300s) + +Thank you u/RestartingMyLife0918 for providing the link! + +\--------------------------------------------------------------------------------------------------- + +# Watch Live Here + +[https://www.youtube.com/watch?v=0EIpcCdBK-U](https://www.youtube.com/watch?v=0EIpcCdBK-U) + +Dave Lauer is also hosting a twitter space discussing this lawsuit live. Please dont forget to keep a muted tab open for the official stream to show our numbers if you would like to listen to the hearing with commentary. + +[https://twitter.com/dlauer/status/1452291952221773824?s=21](https://twitter.com/dlauer/status/1452291952221773824?s=21) + +\--------------------------------------------------------------------------------------------------- + +# Learn More Here + +As Citadel Securities argues that they not only execute the majority of retail orders but also REPRESENT the interests of retail traders they are currently suing the SEC for the approval of IEX's new D-Limit order type. + +[https://www.sec.gov/rules/sro/iex/2020/34-89686.pdf](https://www.sec.gov/rules/sro/iex/2020/34-89686.pdf) + +This was designed to bring more transparency to lit markets and protect individual investors from predatory arbitrage. Dave created a fantastic thread a week ago explaining all of this. Please check it out. + +[https://www.reddit.com/r/Superstonk/comments/qaqv7z/citadels\_lawsuit\_against\_the\_sec\_over\_iexs\_dlimit/](https://www.reddit.com/r/Superstonk/comments/qaqv7z/citadels_lawsuit_against_the_sec_over_iexs_dlimit/) + +More information from IEX + +[https://iextrading.com/docs/IEX%20D-Limit%20Overview.pdf](https://iextrading.com/docs/IEX%20D-Limit%20Overview.pdf) + +Articles discussing the lawsuit + +[https://www.wsj.com/articles/citadel-securities-sues-sec-for-approving-new-stock-order-type-11602889484](https://www.wsj.com/articles/citadel-securities-sues-sec-for-approving-new-stock-order-type-11602889484) + +[https://www.reuters.com/article/us-citadel-securities-sec-iex-group-laws-idUSKBN27201E](https://www.reuters.com/article/us-citadel-securities-sec-iex-group-laws-idUSKBN27201E) + +[https://www.cnn.com/2021/02/04/investing/wall-street-robinhood-citadel-iex/index.html](https://www.cnn.com/2021/02/04/investing/wall-street-robinhood-citadel-iex/index.html) + +\--------------------------------------------------------------------------------------------------- + +# Looking for the DRS post that was stickied earlier? Find it here: + +# [https://www.reddit.com/r/Superstonk/comments/ptvaka/when\_you\_wish\_upon\_a\_star\_a\_complete\_guide\_to/](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) +I recently interviewed for a new team build up, looking to hire new/recent grads. As background i run an operations team at an international investment bank with around 60 direct and indirect reports in three countries. + +1) Make your resume look professional - there are plenty of resources out there to get a template from. It is the first place people will get to see anything about you, so make it good. + +2) If you dont have a lot of work experience yet, spend more time on the education piece of your resume to show the leasons you have learnt. There is no need to try an convince me that mowing lawns on the weekend told you more about the job than your advanced finance course + +3) If there are parts of the job description you dont have experience in previously, find an online course, and tell the interviewer you have taken it. Something along the lines of "whilst i dont have a lot of experience with equities, i have just taken this course to help learn more". Shows you are able learn new things, and are proactive. + +4) Be prepared to talk about yourself for 5 - 10 minutes, working your way up your resume, hitting the important parts. If i interview two people, one who is able to carry some of the conversation and the other i feel like i am pulling teeth to get information from, i know which way i am going. + +5) Be prepared to ask questions, and prepared to respond to the answer. Too many people think it is enough to just ask the question, when what people want to see is the follow up of "yes, thats why i think my experience here is so good because XYZ" + +6) Have a very good answer for why you want the role, and interview for that role. I dont want to hire you into my position just so you can job search internally after the first week. + +Plenty of other things, but these are the first that came to mind. Feel free to ask any other questions you might have - 20 interviews in two days means i have a lot of examples +I recently interviewed for a new team build up, looking to hire new/recent grads. As background i run an operations team at an international investment bank with around 60 direct and indirect reports in three countries. + +1) Make your resume look professional - there are plenty of resources out there to get a template from. It is the first place people will get to see anything about you, so make it good. + +2) If you dont have a lot of work experience yet, spend more time on the education piece of your resume to show the leasons you have learnt. There is no need to try an convince me that mowing lawns on the weekend told you more about the job than your advanced finance course + +3) If there are parts of the job description you dont have experience in previously, find an online course, and tell the interviewer you have taken it. Something along the lines of "whilst i dont have a lot of experience with equities, i have just taken this course to help learn more". Shows you are able learn new things, and are proactive. + +4) Be prepared to talk about yourself for 5 - 10 minutes, working your way up your resume, hitting the important parts. If i interview two people, one who is able to carry some of the conversation and the other i feel like i am pulling teeth to get information from, i know which way i am going. + +5) Be prepared to ask questions, and prepared to respond to the answer. Too many people think it is enough to just ask the question, when what people want to see is the follow up of "yes, thats why i think my experience here is so good because XYZ" + +6) Have a very good answer for why you want the role, and interview for that role. I dont want to hire you into my position just so you can job search internally after the first week. + +Plenty of other things, but these are the first that came to mind. Feel free to ask any other questions you might have - 20 interviews in two days means i have a lot of examples +What was the process like? What was the emotional side like? What was the cost? + +Did you fatFIRE first before going into it? Or did you decide to go this route so you could keep working? Or was it an option after all other options were exhausted? + +Which countries/locations did you consider? And what were the trade offs you considered? + +I saw some discussion on the legality already, but curious to hear more. I’ve heard and know someone who went to Ukraine, I heard India is now shutdown, but some were advising me on doing it within the US. Why is that? + +How many children did you end up having, how many via surrogacy, IVF and yourself/your partner? How did you decide on it? + +This post is asking how, not why and if. Moral judgement in line of “this is so wrong” is decidedly not welcomed. +Great things will happen to you. Not because you’ve earned it. It’s not because you’ve suffered or because you’ve been a good person. I’m not talking about Karma, that’s a different energy. + +Great things will happen to you because you BELIEVE that they can happen. This is the key. + +This is your manifest destiny, and it WILL happen. + +The universe doesn’t care if you deserve it or not. It’s not keeping score, saving your turn. There isn’t a point system to life. I think Karma is a wonderful concept, but it means nothing unless you believe that you deserve great things – happiness, love, fulfillment, and, yes, even great wealth. + +We have many ANTS (automatic negative thoughts) that we need to overcome and crush daily. Think of your mind as a computer program, and for years now, it’s been running this background program that keeps telling you that great things don’t happen to you. So, you ride that wave. You vibe on that feeling day in and day out, and you become that. Well, fuck that. + +Change your program. Reprogram your automatic thoughts. Make them positive. Go find a mirror. Look at yourself and say, “You beautiful bastard. You deserve great things. You do. When GME moons, I’m going to take great care of you. I’m going to care for your mental and physical health. I’m going to develop positive habits. I will exercise and eat well. I’m going to live a long, long life, wading in the tides of an endless summer. I will be happy, kind, and free, and I will spread kindness wherever I go. Because I deserve it. I believe that I deserve great things.” + +That’s your vibe! Build that dream in your mind, let your subconscious understand that this is who you are. Einstein talked about this. He likened it to how ENERGY works, permeating, interacting with similar energies. Look at it in whatever way that makes you comfortable, but the point is, you will attract the things you believe you deserve. It’s energy. Choose yours wisely. + +So what do you do? As far as I’m concerned, you have 3 jobs. +1) Buy +2) Hodl +3) Hodl some more + +Do you sell at 1,000? No. +10,000? No, what the fuck. No. +100,000? No, and you know why? Because you’re retarded. +1,000,000? Fuck no. You know why? Because you’re downright autistic. You’re a shit-slinging ape. + +So, when do you sell? Simple. You ride the MOASS, let it peak, and you sell on the way down. Don’t overthink it. It’s simple. In order to get there, you need to hodl. Then you need to hodl some more, then you need to calm down and hodl a little more. + +Say it with me: I deserve great things. Say it throughout the day. Say it while you’re eating crayons. Say it while you’re washing your wife’s boyfriend’s scooter. Say it while you’re playing Mario Kart. Say it while you’re weed whacking (masturbating while high on pot). Say it all the time. + +Remember, apes, this is your manifest destiny. You deserve great things. Believe it. + +Hodl and love, +A fellow ape. + +IMPORTANT EDIT: A few apes have pointed out that we don't need to wait for the MOASS to start taking care of ourselves. That's very true, and thanks for pointing that out! Start today and the MOASS will seem all the more possible. + +The whole intention behind my post is to prepare you for life-changing money. The only way to do that is to program yourself into ACCEPTING IT and BELIEVING that you deserve it. "I deserve this money. Great things can and will happen in my life." Say it ALOUD and say it often. Before you know it, it'll become part of your background programming. Very soon, you'll believe it. Make it your mantra. Say it over and over again. +Got a modest amount sat in a UK savings account. Since the IR got slashed I'm considering taking it out. My SIPP is sat in the LifeStrategy® 100% Equity Fund and it's gained +34% (5k) since I invested in the covid crash. Thinking of buying more but the fund has probably plateaued in the medium term although I'm sure I can easily beat the 0.5% that banks are offering. + +Am I any better off buying through Trade 212 or Vanguard? + +Thoughts? +So I haven't been on this subreddit long, but but a common theme I have seen is people doing stuff like saving to buy a house in 3-5 years and wondering if they should put their down payment into the S&P during those 3-5 years so they can get 8% to 10% interest. Another (and the one that inspired me to actulay wtrite this) is someone complaining that the S&P is basicly the same as where it was in July of 2021 and wondering why there hasent been a 8% to 10% profit over that time. + +Year on year data for the S&P is aviable in several places, but just to pick one reference, let use [https://www.macrotrends.net/2526/sp-500-historical-annual-returns](https://www.macrotrends.net/2526/sp-500-historical-annual-returns) Lets copy/paste the table here ..... + +|Year|Return| +|:-|:-| +|2022|\-8.10%| +|2021|26.89%| +|2020|16.26%| +|2019|28.88%| +|2018|\-6.24%| +|2017|19.42%| +|2016|9.54%| +|2015|\-0.73%| +|2014|11.39%| +|2013|29.60%| +|2012|13.41%| +|2011|0.00%| +|2010|12.78%| +|2009|23.45%| +|2008|\-38.49%| +|2007|3.53%| +|2006|13.62%| +|2005|3.00%| +|2004|8.99%| +|2003|26.38%| +|2002|\-23.37%| +|2001|\-13.04%| +|2000|\-10.14%| +|1999|19.53%| +|1998|26.67%| +|1997|31.01%| +|1996|20.26%| +|1995|34.11%| +|1994|\-1.54%| +|1993|7.06%| +|1992|4.46%| +|1991|26.31%| +|1990|\-6.56%| +|1989|27.25%| +|1988|12.40%| +|1987|2.03%| +|1986|14.62%| +|1985|26.33%| +|1984|1.40%| +|1983|17.27%| +|1982|14.76%| +|1981|\-9.73%| +|1980|25.77%| +|1979|12.31%| +|1978|1.06%| +|1977|\-11.50%| +|1976|19.15%| +|1975|31.55%| +|1974|\-29.72%| +|1973|\-17.37%| +|1972|15.63%| +|1971|10.79%| +|1970|0.10%| +|1969|\-11.36%| +|1968|7.66%| +|1967|20.09%| +|1966|\-13.09%| +|1965|9.06%| +|1964|12.97%| +|1963|18.89%| +|1962|\-11.81%| +|1961|23.13%| +|1960|\-2.97%| +|1959|8.48%| +|1958|38.06%| +|1957|\-14.31%| +|1956|2.62%| +|1955|26.40%| +|1954|45.02%| +|1953|\-6.62%| +|1952|11.78%| +|1951|16.46%| +|1950|21.78%| +|1949|10.26%| +|1948|\-0.65%| +|1947|0.00%| +|1946|\-11.87%| +|1945|30.72%| +|1944|13.80%| +|1943|19.45%| +|1942|12.43%| +|1941|\-17.86%| +|1940|\-15.29%| +|1939|\-5.45%| +|1938|25.21%| +|1937|\-38.59%| +|1936|27.92%| +|1935|41.37%| +|1934|\-5.94%| +|1933|46.59%| +|1932|\-15.15%| +|1931|\-47.07%| +|1930|\-28.48%| +|1929|\-11.91%| +|1928|37.88%| + +Years where the return was less than 8% : 1929 1930 1931 1932 1934 1937 1939 1940 1941 1946 1947 1948 1953 1956 1957 1960 1962 1966 1968 1969 1970 1973 1974 1977 1978 1981 1984 1987 1990 1992 1993 1994 2000 2001 2002 2005 2007 2008 2011 2015 2018 2022 + +Years where the return was more than 10% : 1928 1933 1935 1936 1937 1942 1943 1944 1945 1949 1950 1951 1952 1954 1955 1958 1961 1963 1964 1967 1971 1972 1975 1976 1979 1980 1982 1983 1985 1986 1988 1989 1991 1995 1996 1997 1997 1998 1999 2003 2006 2009 2010 2012 2013 2014 2017 2019 2020 2021 + +Years where the return was exactly 8% to 10% : 1959 1965 2004 2016 + +When parsed this way, its fairly straightforward to see that when you add up all of the times it was under 8% and put that together with all the times it was over 10% that it balances out to 8%-10%. However, actually getting the 8% to 10% is a rare occurrence, happening only four times over the past century. + +Four! + +This is one of those counter intuitive things about stats. Kind of like how if a medical test is 99% accurate and your test is positive that does not mean you have a 99% chance of having the condition. Or like how it can be the case that for women medicine A is better than medicine B and for men medicine A is better than medicine B but together for the population as a whole medicine B is better than medicine A. Its just "common sense" that if an average is 8% to 10% then that should mean that 8% to 10% is the most common happening. But it does not work that way. + +I know I am shouting into the void here. No matter what I say or do it is not going to stop the flow of people thinking that the S&P is a sure bet to return 8% to 10%. But I just had to say something to get it out of my system. +**EDIT: PLEASE STOP ASKING ME FOR DAY-TRADING TIPS. LEARN BY DOING.** + +I'm in the US. I day-trade cryptocurrencies and have made tens of thousands of orders across many pairs and exchanges (and have made substantially more than I would have by just "hodl xd", even with short-term penalty added, thank you very much). Uncle Sam wants his pie. Okay, fine. I know exactly how much I've made by simply tallying the deposits and withdrawals from by bank to my fiat gateways, and I'm willing to be taxed on that, but... + +The IRS expects me to report every single transaction on a form *with each interval gain and loss step reported in USD*. Every single one of my tens of thousands of orders and partial trades, most of which having no actual valuation or realization in USD, yet somehow I'm expected to calculate the imaginary USD gain/loss of each when BTC/USD fluctuates by whole percents every other minute on the reference fiat exchange (GDAX, say). No matter what painstaking diligence is paid to reporting the notional USD gain/loss for every alt pair and perpetual swap trade by cross-referencing those irrelevant data points, **I will inevitably end up with a totally fictional sequence of numbers that deviates significantly from my known, actual USD gain from what hit my fucking bank and what is presently on my exchange accounts.** This especially when transaction and trading and funding fees are taken into account, as well as the nightmare of slippage and partial fills. + +Also Bittrex completely wiped out my trade history, and everyone else's from what I hear, but my deposits/withdrawals are still there and that should really be all that matters (but not to the IRS apparently). I also had a stint on poswallet.com, same situation. + +Now here's the mind-melting part: I use BitMEX. I've made most of my gains from there. (Yes, I know that US customers are ostensibly disallowed by BitMEX from using BitMEX, but we all know this is lip service, and it is not illegal in itself by US law to violate a site's T&S, plus at any rate I could establish a non-US business entity if need be, and honestly BitMEX rocks so hard I'd be willing to renounce citizenship and *move* to keep using it). The [IRS virtual currency guidance](https://www.irs.gov/pub/irs-drop/n-14-21.pdf) defines cryptocurrency as "property" and seems to concern itself with "exchange of virtual currency for other property", which is taxable. Okay, but is a perpetual swap or futures contract taxable? How is it possible to calculate the "cost basis" of a BitMEX position, where posted margin can arbitrarily and dynamically scale? No actual buying or selling of bitcoin occurs on BitMEX, so how is it taxable? How is it reportable? How? + +How the fuck do I even report any kind of short position on [Form 8949](https://www.irs.gov/pub/irs-pdf/f8949.pdf)? This would apply to Poloniex and Bitfinex as well. + +The IRS stipulates different (and highly favorable) tax rules for conventional futures trading, such as the 60/40 rule, where as I understand it 60 percent of futures gains are considered long-term and 40 percent are considered short-term, as marked-to-market. Would this apply to BitMEX futures as well? And how about when, at the end, you withdraw your bitcoin from there and it becomes "property" again to sell for fiat? + +Even if I went to a tax attorney or CPA, as I intend to do, would they know more than me what with the terribly incomplete guidance the IRS has given about all this? Nevermind the logistical insanity of the step-by-step fictional USD conversion process. And forget about bitcoin.tax; they don't handle BitMEX or any kind of serious trading activity. + +I've made a lot of money. I'm fine with being taxed fairly on my net gain. But the IRS has not adequately addressed the problems I have described in their guidance. What the hell do I do? +I am 42, single, and thinking about RE as I’m financially ready. Have noticed that most of the posts around RE are from married people. Just wondering if there’s anybody who is single and a little bit older like me that has retired early, or even knows someone who has. What is it like in general, and also in the dating world, as a single early retiree? I currently have a job that’s fairly high status and I’ve noticed that helps with dating (I’m divorced but with no kids), and I wonder what it would be like to tell someone I’m retired early. I would still do investing so I could say I was an investor, but I don’t think it’s quite the same. I also wonder if retiring early when single puts you more at risk of depression etc. + +Would like to add that I don’t like being single and struggle pretty hard with loneliness. Getting a dog helped but I would like to be married, have kids, etc. I think if I RE’d I’d move closer to family which might help. + +Would love everyone’s thoughts! +Hi all, + +I would like to hear your opinion on this ETF strategy for my father. A bit of background on him: through his work he was able to accumulate savings approx. of €3M, and he is now 65+ y.o. + +However, he never had time to increase his financial knowledge and his savings were followed by a financial advisor, which never brought home great results (we are talking about an average of 1% / year from 1995). A bit of fault is also on my father, as he would run away the second something goes wrong - and I am aware is not a great strategy. + +I have studies in the past year about ETFs and I apply this knowledge for my savings as well, and I believe the most simple ones could work for him. + +However, given its strong risk adversity, I would do something that many of you may consider very conservative. So here we go... + +**Strategic objectives**: + +1. Ensure his lifestyle for his remaining years +2. Follow a buy&hold strategy to bring results in the very long term for the next generations + +**Capital allocation**: + +**1.2M on CC (Cash)**: this big capital, associated with his pension, would ensure approx. from 12k/month (10 years of life expectancy) to 7k/month (30 years of life expectancy). + +I am aware that someone might say that this is a crazy sum to keep in cash but the main purpose would be for my father to feel safe for the rest of his life - whatever happens to the remaining sum + +**1.5M on ETF**: 80% MSCI Developed Markets, 20% MSCI Emerging Markets. Simple as that. Main reason to not use a MSCI ACWII (Dev+Eme) is due the lower liquidity of the ETF in the stock exchanges in Europe. + +Rebalancing once per year to go keep 80-20 percentage. + +Given the historical returns of ETFs, this sum could one day provide wealth to the next generations, given that nobody touches it. + +**0.3M as Emergency fund**: either for great investment opportunities or for any issue it might happen. + +**Any issue you can see with this strategy, given the objectives?** + +&#x200B; + +\*EDIT\* + +I have seen great advices below here, so thanks to everyone. Two takeaway I would probably add now are: + +\- Does not make sense to consider the emergency fund as separate from cash + +\- A good chunk of cash could be invested in fixed income bonds, maybe inflation linked and pan european +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. +For all the recessions they caused. For all the jobs and homes people have lost. For all the people that can't pay for college because minimum wage has stagnated while wall street gets rich. For all the retail traders they left holding the bag. For all the times they got bailed out with our tax money while we got nothing. + +&#x200B; + +GME isn't about greed. It's about taking back what's ours, what we've already paid for. Obligatory 🚀🚀🚀🚀 + +Edit: full disclosure I’m 25K in + +Hijacking my own post for visibility. Do not worry about trade halts, they are normal. Status here: https://www.nyse.com/trade-halt-current + +Why price drops: https://www.reddit.com/r/wallstreetbets/comments/l6ziii/read_this_if_your_scared_we_will_go_up_again/ +Before I start. Having done some DD I have nothing against this company **long** term but they have some real challenges ahead with a lot of risk, and the potential for further share dilution (on top of the already outstanding 200 million options and performance bonuses) is very real. The peak we witnessed in the midst of delays to there B2B app launching, while having practically zero revenue and bleeding money was absurd. + +Also remember rule 5 nothing on the sub should be taken as financial advice don’t go blaming others for your bad decisions. This post is intended as entertainment and a wake the fuck up to those [posting and up-voting conspiracy theories](https://www.reddit.com/r/ASX_Bets/comments/o2hwwy/yall_forgot_theres_games_being_played_the/). + +If you can’t be bother going any further. Here is the post TLDR- Credit u/toolman2019 + +&#x200B; + +[TLDR](https://preview.redd.it/9pj599osf5671.jpg?width=583&format=pjpg&auto=webp&s=3060a0279d8c7c48c69ebe9fa26dddf8cc0ea488) + +Gather round children and hear the tail of DW8, its a story of greed, ignorance and false prophets. It all begins in the Summer of 2021, the world had just awoken to the sound of retarded apes tearing down US hedge funds and making fists full of cash along the way. Closer to home some local reddit users neuron fired and they went in search of our very own ASX\_bets. Wallets open, minds clouded, a great migration was at hand, resulting in the perfect storm. + +![img](t33f7dfzf5671 " +") + +[The uptick is on Feb 15th to the day baby!!](https://preview.redd.it/at52he91g5671.png?width=539&format=png&auto=webp&s=2a66f4ded9f25015708e25b954376db1aa864a28) + +# The DD? + +Waiter: Here is your DD Sir. + +https://preview.redd.it/mifif038g5671.png?width=474&format=png&auto=webp&s=c48dc1883f9fe9a1cb5aab4a4f213de09f8bc2f9 + +ASX\_bets: There is more holes in this than there is cheese. + +Waiter: Exactly Sir. + +Waiter: Would you like to try the Tacos instead Sir. + +ASX\_bets: Ok. + +https://preview.redd.it/mzy8xt3ag5671.png?width=716&format=png&auto=webp&s=e2cbdf8cf8132ef147e4c25b002769100f3f6b0d + +# The Catalyst + +Now DW8 had been around ASX\_bets long before WSB went off the rails but its growth had remained in the bounds of reality up until this point. But just as our migration story was under way a double punch was thrown and DW8 ignited all engines. + +Feb 15 (Monday): + +\- DW8 Announcement - WINEDEPOT partners with Vivino + +\- [DW8 and why you should own it. Hits the streets](https://www.reddit.com/r/ASX_Bets/comments/lk4r65/dw8_and_why_you_should_own_it/) + +\- Probably some ball tickling going on over at HC too but I couldn’t be bothered checking. + +Our local DD started out with the usual don’t listen to me warnings, to which we can give the OP credit. But within the TLDR can be found true gems of insight. + +\> This is a fast growing company with proven management, at a currently undervalued sp, set to moon in March and never come down. Get in while you can so you can finally buy a lambo or feed your kids for once. + +The share price has now been on a steady climb for a week now before we get some much overdue DD :P. + +Feb 20 (Saturday): + +\- [The DW8 write up](https://www.reddit.com/r/ASX_Bets/comments/lnwuhw/dw8_the_write_up/?utm_source=share&utm_medium=web2x&context=3) + +Credit to the OP as he is bullish but at least remains realistic. However one can assume some stopped reading the sentence once they get to the bit with the target price. + +\> I would not be surpised at all if we are trading in the 20-25c range by the end of the year once the growth becomes exponential. + +The share price proceeds to jump from 5.8c on 7c on the coming Monday. + +Feb 22 (Monday): + +[DW8 Coward Gains - Hope you read my DD over the weekend!](https://www.reddit.com/r/ASX_Bets/comments/lpgssp/dw8_coward_gains_hope_you_read_my_dd_over_the/) + +The trend of DD and cowards gain continue at a steady pace and the share price marches on. Collective madness is in full swing suddenly a company losing money with \~700K in **REVEUNUE** in the previous quarter is worth around $400 million by April 9th. + +&#x200B; + +https://preview.redd.it/bpqzth1cg5671.png?width=627&format=png&auto=webp&s=b1acf2a0870827aef19a93561797569326c568a9 + +There were many posts that followed but here is just a few to let you feel the atmosphere. + +March 9: + +[DW8 - 10C Party! Hope you got your tickets!](https://www.reddit.com/r/ASX_Bets/comments/m0vh3d/dw8_10c_party_hope_you_got_your_tickets/) + +[DW8 - The Write Up 2](https://www.reddit.com/r/ASX_Bets/comments/m1387e/dw8_the_write_up_2/) + +March 26: + +[I'll be one of many today I suppose – DW8](https://www.reddit.com/r/ASX_Bets/comments/mdhw9x/ill_be_one_of_many_today_i_suppose_dw8/) + +April 1: + +[DW8 Yolo - $115k > $415k. Join the (r)evolution!](https://www.reddit.com/r/ASX_Bets/comments/mhp4gd/dw8_yolo_115k_415k_join_the_revolution/) + +# The Pied Piper + +Now with every good story there has to be a villain, and I believe the DW8 story is no exception. I’m going to call someone out for proof and if I’m wrong I’ll willingly accept a ban as punishment if the mods decide it necessary. Either way I think proof is needed. + +In between every gains or DD post there are thousands of comments, and a user who seems solely put on this earth to comment about DW8 in the dailys and posts is our musical friend u/EquivalentTone365. Every single reddit comment they have made appears to be around DW8 and our friend appears to be somewhat of a high roller. Filling wide eyed onlookers with pride and joy, as they encourage them to join along. + +&#x200B; + +https://preview.redd.it/wi9r7wqfg5671.png?width=722&format=png&auto=webp&s=e622a378312b2b155587d4d5ea45ec45888dac5d + +&#x200B; + +https://preview.redd.it/3srasmqgg5671.png?width=606&format=png&auto=webp&s=ae5ffbaa7f4a51acec00f2a9747eff26745bd6b2 + +&#x200B; + +https://preview.redd.it/iy4grzrhg5671.png?width=603&format=png&auto=webp&s=8b7bc411284b57f6f7132316185ab86330899bea + +So with 5.6 million shares even at a buy in of 3c which our musical friend claims to already have exceeded, we can assume a total cost of $168,000, and quite possibly one of our biggest resident holders. There is just one problem with that. Before the Pied Piper joined us at ASX\_bets they visited r/fiaustralia, and as you will see appears to have not the financial means. + +&#x200B; + +https://preview.redd.it/l0q2o3jig5671.png?width=697&format=png&auto=webp&s=8a9bbbf765bb3d4f56e949ccada2fc55943ee78f + +https://preview.redd.it/sejbr0pjg5671.png?width=666&format=png&auto=webp&s=b494e8888ddd6df48cc1a165e191f00007e05925 + +# It ends with a whimper not a bang + +At least for now. It seem unfortunately neither the Pied Piper or our prolific gains poster took profits. And some have taken to conspiracy theories rather than accept the obvious. DW8s time may come but that time is not yet. Good luck to all bag holders you may still get your jet. +Am i being too extreme, or is this blatant market manipulation ? +Robin Hood, TD, and I'm sure many others are stopping people from purchasing $GME / $AMC, among others... + +Hedge funds, and the real people with money were able to play with the market all night, and now that the poors are ready to play they are left on an island. + +I threw money i didn't really care for into buying some $BB And $NOK - It was a small fraction, and was literally dedicated fun money. I didn't join the GME or AMC wagon. + +They are showing us the game is rigged... if you are poor, you aren't meant to win. + +I am sure a bunch of you will say "the kkds at wsb should have known the risks".. but it's still a very fucked up situation, looking in. +Per CNBC, the CPI rose 7.5% YoY in January, more than the expected 7.2% which marks the highest level since 1982. + + [https://www.cnbc.com/2022/02/10/january-2022-cpi-inflation-rises-7point5percent-over-the-past-year-even-more-than-expected.html](https://www.cnbc.com/2022/02/10/january-2022-cpi-inflation-rises-7point5percent-over-the-past-year-even-more-than-expected.html) + +The biggest driver was fuel oil which rose by 9.5% in January or 46.5% YoY. +>*Short sale restriction is a rule that came out in 2010 and it's also referred as the alternate uptick rule, which means that* ***you can only short a stock on an uptick***\*. This is kind of an unusual thing when you first think about it. It restricts the ability to short a stock as it's dropping down.\* + +&#x200B; + +To pretend naked shorting doesn't exist at this point IS MORE of a conspiracy. MSM is the one wearing tin foil hats if they are turning a blind eye. It may not be the way they did it in 2008, but it's still being done through swaps and etfs. And it's blatant. + +&#x200B; + +Shareholder meeting and earnings on deck and the price triggers SSR. Hilarious. + +&#x200B; + +&#x200B; + +\*Edit. They listed 10,000 shares at 87.7% borrow fee to totally debunk this post. See guys, everything is okay. There are shares to short and it isn't 90% borrow fee, its 87.7%! Those superstonk fellers are just trouble makers and conspiracy theorist. Nothing to see here. + +&#x200B; + +https://preview.redd.it/asvr8zs72u291.jpg?width=1081&format=pjpg&auto=webp&s=018d9cbf1ced4b005d12bf1f8043401c97af7bc0 + +&#x200B; +>*Short sale restriction is a rule that came out in 2010 and it's also referred as the alternate uptick rule, which means that* ***you can only short a stock on an uptick***\*. This is kind of an unusual thing when you first think about it. It restricts the ability to short a stock as it's dropping down.\* + +&#x200B; + +To pretend naked shorting doesn't exist at this point IS MORE of a conspiracy. MSM is the one wearing tin foil hats if they are turning a blind eye. It may not be the way they did it in 2008, but it's still being done through swaps and etfs. And it's blatant. + +&#x200B; + +Shareholder meeting and earnings on deck and the price triggers SSR. Hilarious. + +&#x200B; + +&#x200B; + +\*Edit. They listed 10,000 shares at 87.7% borrow fee to totally debunk this post. See guys, everything is okay. There are shares to short and it isn't 90% borrow fee, its 87.7%! Those superstonk fellers are just trouble makers and conspiracy theorist. Nothing to see here. + +&#x200B; + +https://preview.redd.it/asvr8zs72u291.jpg?width=1081&format=pjpg&auto=webp&s=018d9cbf1ced4b005d12bf1f8043401c97af7bc0 + +&#x200B; +If you are working as a freelancers how you guys are saving taxes? + +Some deductions I researched about: + +80C - 1,50,000 + +80GG - 60,000 + +80D - Health insurance +Hey everyone, I’m really having a difficult time getting my finances in order. Back in January my fiancée (21F) and I (21M) moved into our first apartment. Ever since then we have been struggling to get money to save and even pay our bills. We both work full time and both make over minimum wage where we live. Honestly I don’t really know how else to say this so I’m just going to say it how it is. She comes from a wealthier family and sometimes has trouble with spending habits. This is something that we have both discussed and it’s something that she agrees is an issue. Right now we are both in debt (she used my credit card without my knowledge for a while and also promised she would pay me back whenever she did ask me to use it, which didn’t happen, and now I feel really cornered with my finances. I’ve been trying to pay the debt off for months but we struggle to even get enough for our monthly bills. Aside from that we don’t even have much food either and I don’t eat much as a result. I’m just really struggling with this right now because I want us to be able to start saving money and be able to afford things and starts saving and investing but with the debt and the money issues we are facing it just feels kind of impossible right now. Any advice is welcome. + +IMPORTANT NOTE: +The apartment we live in is well within our budget, we didn’t choose to live somewhere really fancy. +I keep reading post after post about how tenants and landlords are getting equal relief in this situation. + +* Rent strikes are popping up, demanding **rent forgiveness** (or simply not paying). +* Banks are now offering **mortgage deferral**, meaning that the interest will continue to accrue (in many cases), but payments can be **delayed** for a period of time. + +The huge difference is that **landlords will still owe the bank all of the money + extra interest**. + +**The key difference is:** + +* **Forgiveness = you never have to pay** +* **Deferral = you still have to pay, just later** + +Even if rent is deferred, the likelihood of payments coming in on the original terms is very low. Landlords are getting the very short end of the stick on this. + +Moreover, landlords are responsible for repairs. What happens when the AC unit quits this month? No rent paid, who covers the cost to repair/replace that? + +What about taxes/insurance? Those are on the landlord as well, except in commercial NNN leases. +Has anybody gone with the strategy of paying down the mortgage balance on their rentals so that you can just enjoy the straight cash flow and not have to worry about anything else. + +I understand that the key to wealth in real estate is leverage but at what point do you plan to stop acquiring debt? Or does everybody just plan to be in debt until they die? It seems that most people just constantly refinance to build their portfolio bigger and bigger, constantly adding on new debt. + +I’m thinking about paying off a few of my rentals and just letting the extra payments help snowball to pay all of them off entirely. + +Just curious to hear about others who have done this and how it went for you. +Guys, this is the moment we have been waiting for - Bitcoin has finally decoupled from the stock market! + +While the stock market has been pumping for five days straight, Bitcoin completely ignores it and continues to dump further down. + +I've waited for this moment since 2017 and it has finally arrived! We did it, congratz to everyone who HODLed long enough to witness this historic moment. No more price movement following the stock market, from now on we just dump no matter what, what a blessing to be part of this community and the crypto space! God bless us all. +I’ve got a massive urge to buy an awesome camera+lens for £1.2k. It’s on sale somewhere for £200 less than elsewhere due to a price mistake (I think). Second hand, it’s selling for more than that. For the past 6 months I’ve gotten into photography using cheap old film cameras but would love a decent digital camera. Sleeping on these urges for a few days has helped in the past but it’s not working here. + +I’m earning £21k take home pay after rent. Have £10k in emergency fund and £6k in current account. Recently had to pay £3k on private medical treatment. I have no real plan to buy a house or car anytime soon. My phone and laptop are both ancient and will likely need replacing at some point in the next year: £1.5k. Plus I’m looking to start going on holidays again soon (I’d probably want a decent camera for these anyway). + +Should I buy the damn camera? + +How have you all handled these urges in the past? + +Edit: the website have updated their price mistake back up to £1.4k. Oh well. Looks like I could get it for £1.2k second hand but less of a no-brainer. +Timing in Market > Timing the Market + +This is absolutely the reason why people shouldn’t panic over a 10% drop we corrected 25% in September still managed to hit another ATH next month and we will do it again now. + +Congratulations we were able to secure ETH under $4000 again. +For the sake of this post, I'll consider anyone earning > 15lpa (pre-tax) as HNI. + +I just want to get a taste of what insurance you guys have as I have been in that income group for quite some time but being the idiot that I am, I haven't taken up any insurance yet. + +I've compared so many policies and had so many sales pitch calls... + +For health insurance, apart from govt providers, the ones that stood out to me were Max Health, HDFC (approached by ET Money for this), and Amex ICICI Lombard (10l+10l+10kopd benefit @15k) + +I'm doing this excercise basically to have an idea which ones the most trusted. + +Edit: sorry guys for wrongly mentioning HNI in the title. Basically I just wanted to mean anyone earning more than 15lpa. + +And after seeing all your replies here on HNI, I think that HDFC relationship manager of mine surely bullshitted me when trying to offer me the Infinia cc. +I was reading about HUFs and how they can help in saving taxes. +Does it make sense for a salaried individual like me? +Should one create a separate entity and transfer their assets like stocks or real estate to HUFs name to save on rental income and dividends tax, etc? +Can someone throw more light on what more benifits can someone get with HUFs +Those of us that have been here since the days of the original wall street wagering sub have been told thousands of times by shills and meltdowners that the shorts had covered and that our evidence wasn't conclusive. We all knew that the shorts hadn't closed; there was a huge preponderance of evidence they hadn't (going all the way back to the bots pushing silver on the original general stock sub, married puts, shorted ETFs, reporting rules changed, 3/10 drop with premature "news" articles, dark pools, and so many more I can't even remember). But there was always a tiny bit of room for the doubters to try to sow FUD. + +Now that it's confirmed that Computershare received the splividends and gave them to DTCC and that it's been confirmed by Fidelity and some others that brokers were told to process a normal split and were not given the shares, there is no more room for doubt. + +We postulated that there were far too many synthetic shares in existence for the shorts to have closed. If we were wrong, there would be no issue processing the splividend. The *only* possible reason DTCC couldn't pass them on to us would be if there weren't enough to go around, thus proving our hypothesis. + +Now that this is known and the DRS numbers keep ticking inexorably higher, the writing is on the wall. It's now a matter of when, not if, the hedgies and prime brokers will have to face the music for all this. + +In Dan Carlin's Hardcore History podcasts, he describes occasions where WW1 and WW2 had been decided and won, but wouldn't end for several months after. This is where we are. We've won, we just have to see it through until the end. There's no stopping us now. + +Edit: Another huge piece of evidence for me was the warehouse fire. I understand the reasoning for why we didn't dwell on it, but as a firefighter in a district with several warehouses that are a million+ sqft. in size, fire protection systems are not at all easily disabled. The sprinklers all function individually. *Especially* one with such sensitive contents. +Things are starting to look better and better for Ultra, with several exciting things in the pipeline. First of all, there seems to be a massive marketing campaign underway - it will include multiple Mainstream Media publications, more billboards, ads marketing (Facebook), plane banners, tiktok influencers, crypto youtube influencers and more. This marketing push will coincide very well with the overall crypto market looking bullish once again. + +&#x200B; + +On another note - the LLC is almost complete, meaning that UltraSafe's dev team is close to being an official legal entity, making it possible for them to get listed on multiple large Centralized Exchanges (they're already listed on 1, LBank). + +&#x200B; + +Website V3 is almost complete and it will most likely be released next week! According to the devs, it will be one of the best looking websites in the cryptosphere, with loads of beautiful animations. + +&#x200B; + +The team is doxxed and the coin lives up to its name of being ultra safe, it's been audited twice, by Solidity and CertiK, with the later claiming that it's even safer than Safemoon! In the previous AMA, the devs claimed that there will be a 3rd audit coming out soon, making the coin even safer! + +&#x200B; + +Check out the website here: [https://ultrasafe.finance/](https://ultrasafe.finance/) + +Join our awesome, hyped community: [https://t.me/UltraSafeOfficial](https://t.me/UltraSafeOfficial) +I've been homeless, a combination of real homeless, and crashing on couches homeless, for about two years, in that time my drivers license expired, and my birth certificate and social security card were stolen (along with other stuff). I have court fees related to my car which is now gone, and my license even if valid is suspended. I just got a job and am looking to get myself together, but all this bureaucracy, I don't even know where to start. It seems like to get any ID you have to already have ID. I feel stuck in a hole I can't get out of. + +Edit: Thanks for the help guys. I ordered my birth certificate and will get my social security card when I can. I'm staying at a friends for now. I'm in NY if that helps. It really means a lot that there are people out there willing to help and give advice. +As the title says, my parents are old (68 and 67) have zero savings, don’t own property, and are living paycheque to paycheque. They work low-wage jobs and every dollar goes into bills. Super has been cleared out long ago. To make matters worse they’re divorced, so they can’t even share bills. My mum also looks after my disabled sister (31) full time while working. + +The situation is unsustainable with their age and not being able to work forever. I earn a decent salary, but not enough to split 4 ways, and am also trying to save as much as I can to escape the poverty I grew up in. Can I do anything to look after them other than sending money to cover bills? +I'm hoping to be a first time home buyer within the next year or so, I've been waiting a while already, and I imagine the way things are going it has to crash at some point soon but a lot of people seem to think it won't. I'd love to hear different perspectives on this issue. Of course the fear is that you buy an expensive property and then the market immediately crashes whiiich would absolutely suck lol. +Good morning friends, + +(This is a crosspost from /r/legaladvice) + +I'm not sure how I want to tackle this and am not sure if this is a settlement from a class action that I never knew existed. Long story short we attempted fighting this years ago and there was never any budging from WF. We gaslighted ourselves into thinking we missed a payment somewhere and were just perpetually behind. + +The snowball that came from this repossession is interesting and includes some significant losses and hardships. [Here is the front and back of the letter they sent](https://imgur.com/a/Tv1Z0x6). + +I'm not sure if I should accept this payment as being enough or if I should continue to push back now that they've finally admitted fault. Also, the letter and check are both addressed to us as a single entity, despite both of us being equally affected. + +I've never been in a situation where I've considered pursuing further legal recourse, so I'm not sure if I have a worthwhile play or if I even have a play at all. + +I have not cashed the check and don't really need it right now so I have some time to mull things over. + +What would be some reasonable advice? + +Thanks! +**Note:** This is not financial advice, just sharing some research I have done on some shares I own. I have included links and charts – please verify yourself, if you have an interest to look into any of this information in more detail. Also, I am an Ape who does dates – I don’t live by them, but they are certainly something that keeps me going. And even if they don’t turn out, the long game of BUY and HODL will win in the end. + +&#x200B; + +# 0. Preface + +Yesterday I saw a post on another sub by u/JaboniThxDad that piqued my interest. As background reading, you may want to go into his posting history and check that out. His TL;DR in that DD is as follows: + +*T+21 exists. I believe it gets reset at the completion of every ATM offering. Our next has been moved up to July 22nd and it lands right as I believe we're going to be sitting on the edge of space as a result of a July 14th spike.* + +However, one point that troubled me was why January 13th came to be ‘Day Zero’ for the theory. This was certainly when the share price started to go parabolic, but GME had already been squeezing since last summer. So I decided look further back into the past, and what I found was both surprising AND tit-jacking. + +&#x200B; + +# 1. The Long Squeeze + +Most of us Apes, including myself, got into this trade in late January. However there were others (not just DFV) that had already seen their investment in GME stock pay off quite nicely, even before the “sneeze”. If you look at the 1-year chart, can see that the increase in share price started in mid-August: + +&#x200B; + +[GME share price in the last 12 months](https://preview.redd.it/psbq9m7yvra71.jpg?width=698&format=pjpg&auto=webp&s=ba39c60fe8ddb8300fbbbb755c1e5c384c44d306) + +So what happened in mid-August? Of course that was when the whole narrative surrounding GME changed, when Ryan Cohen decided to acquire a stake in the company. This news came out in the media at the end of that month, as the actual filing with the SEC by RC Ventures was on August 28th. However as you can see in that SEC filing, the actual share purchase took place a few days before that, on August 18th: + +[https://www.sec.gov/Archives/edgar/data/1326380/000101359420000670/rc13d-082820.htm](https://www.sec.gov/Archives/edgar/data/1326380/000101359420000670/rc13d-082820.htm) + +I am going to use this as my ‘Day Zero’ for this DD, as what I have found points to this act being the first of the hidden T+35 dates that I mentioned. But before that, let’s look at a more familiar cycle which I think also started due to RC Ventures taking a stake in GameStop… + +&#x200B; + +# 2. The Standard T+21 Cycle + +There has been a lot of discussion about this cycle, so I first want to see how accurate it has been as a predictor for upward movements in the share price. There is some conjecture as to when this cycle began, but as I am using August 18th as ‘Day Zero’, let’s see what the impact has been on the share price since then. I have calculated the price movement by the end of the 5th trading day after the T+21 date, as I feel this better shows the impact on the short term share price than just on that particular date: + +&#x200B; + +[5 day impact of the T+21 cycle](https://preview.redd.it/nwjlpp82wra71.jpg?width=460&format=pjpg&auto=webp&s=ccd46f1bb3006184a49c8814f1d9eb49da59adab) + +As you can see, the “old” T+21 theory had a slow start but has had an impressive track record since then. To summarise: + +* Since ‘Day Zero’, T+21 has provided positive momentum on 8 out of 11 occasions (72% success) +* If including only November onwards, those numbers are 8 out 9 (89% success) +* Of course the most recent T+21 date, on June 24th and its aftermath, did not keep with the pattern + +&#x200B; + +# 3. Hidden T+35s: RC Ventures and ATM Offerings + +What I found is that there appears to be some other T+35 which also have a positive impact on the share price.. These are the following three categories + +* Category A: RC Ventures share acquisitions + 35 Calendar Days +* Category B1: Announcements of Early Redemptions of Senior Notes + 35 Calendar Days +* Category B2: Completions of Early Redemptions of Senior Notes + 35 Calendar Days +* Category C1: ATM Announcements + 35 Calendar Days +* Category C2: ATM Completions + 35 Calendar Days + +In categorical and chronological order, the specific events I am referring to are as follows: + +***Category A*** + +RC Ventures purchases 5,800,000 shares on August 18th: + +[https://www.sec.gov/Archives/edgar/data/1326380/000101359420000670/rc13d-082820.htm](https://www.sec.gov/Archives/edgar/data/1326380/000101359420000670/rc13d-082820.htm) + +RC Ventures increases its holding to 6,215,326 shares on August 28th: + +[https://www.sec.gov/Archives/edgar/data/1326380/000101359420000673/rc13da1-083120.htm](https://www.sec.gov/Archives/edgar/data/1326380/000101359420000673/rc13da1-083120.htm) + +RC Ventures increases its holding to 6,500,000 shares on November 16th: + +[https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.htm](https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.htm) + +RC Ventures increases its holding to 9,001,000 shares on December 17th: + +[https://www.sec.gov/Archives/edgar/data/1326380/000119380520001571/e620151\_sc13da-gamestop.htm](https://www.sec.gov/Archives/edgar/data/1326380/000119380520001571/e620151_sc13da-gamestop.htm) + +***Category B*** + +Early Redemption worth $125 million, announced on November 10th and completed on December 11th: + +[https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes) + +Early Redemption worth $216.4 million, announced on April 13th and completed on April 30th: + +[https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0) + +***Category C*** + +ATM offering of 3.5 million shares, announced on April 5th and completed on 26th April: + +[https://news.gamestop.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program](https://news.gamestop.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program) + +ATM offering of 5.0 million shares, announced on June 9th and completed on 22nd June: + +[https://investor.gamestop.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program-0](https://investor.gamestop.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program-0) + +Let’s see how these T+35 events perform, in the 5 trading days from each T+35 date: + +&#x200B; + +[5 day impact of the \\"Hidden\\" T+35s](https://preview.redd.it/ynn20duqwra71.jpg?width=535&format=pjpg&auto=webp&s=d0e205d889727a00af8439d1800a56516cf75816) + +As you can see, these T+35 dates had a marked impact on the share price: + +* Since ‘Day Zero’, 9 out of 10 occasions have provided double digit percentage gains (90%% success) +* Only one such date failed to provide very positive momentum for the stock +* The next two T+35 dates are coming up, on 14th July and 28th July, as a result of the most recent ATM offerings + +&#x200B; + +# 4. Aren’t These Just Random Dates Within The T+21 Cycle? + +Good question, as that is what I was wondering myself i.e. whether I am incorrectly attributing cause and effect. However, what I found was in fact this: + +* In most cases, the T+35+5 days periods were happening a few days *before* the T+21 dates i.e. if anything, T+21 was building on gains that the T+35s had already provided +* The start of the T+21 cycle falls smack bang in the middle of the initial two dates in August when RC Ventures first bought GME shares +* I conjecture the SHFs saw Papa Cohen’s move as a threat to their plan, and started heavily shorting the stock at that time, thereby falling into the T+21 cycle from August 24th onwards +* 24th June is one of the few T+21 dates that are not surrounded by some T+35s, hence possibly why the SHFs were able to prevent this days from being a green candle + +&#x200B; + +# 5. Some Additional Confirmation – Movie Stock + +I know that some of you Apes feel this other stock should not even come into the frame, but I happen to believe they have been heavily shorted as well. So I was thinking that if the above theory is correct, similar actions and announcements made by the movie company could also have corresponding price "Hidden" T+35 upticks on that stock as well. Here is firstly what the T+21 price action on that stock has looked like (note that as it is being manipulated in the same way, the T+21 dates have actually been the same as for GME): + +&#x200B; + +[5 day impact of the T+21s on the movie stock](https://preview.redd.it/j8r92616xra71.jpg?width=465&format=pjpg&auto=webp&s=dca6368ba3d1dfd33edccfc8fa074669921ba385) + +And here some similar actions taken by the movie company to GameStop - note that I cannot paste links, as they contain the name of the stock: + +***Category A*** + +* $100 million in debt funding received from Mudrick Capital, announced on 11th December and completed on 15th January +* $230.5 million funded through sales of stock to Mudrick Capital, announced and completed on 1st June + +***Category C*** + +* ATM offering of 164.7 million shares, announced on 25th January and completed on 27th January +* ATM offering of 43 million shares, announced on 27th April and completed on 13th May +* ATM offering of 11.55 million shares, announced and completed on 3rd June + +As before, here are the effects these news annoucements have had on the stock price: + +&#x200B; + +[5 day impact of \\"Hidden\\" T+35s on the movie stock](https://preview.redd.it/gpwridghxra71.jpg?width=531&format=pjpg&auto=webp&s=658a53ea9b238eb9e3e9b1359c2a5a2974b3a309) + +As you can see, again very positive impacts on the share price 35 calendar days after each was announced. In particular, the huge Gamma Squeeze the movie stock enjoyed in late May / early June was when a number of these T+35s and T+21s were all grouped together at the same time… + +&#x200B; + +# 6. What Next? + +It appears to me that these T+35s are in many cases feeding into the T+21s, rather than the other way round. And as u/JaboniThxDad said in his DD, that the timing of many of them is very interesting... For both GameStop and the movie stock, in fact. As you can see, we have some huge dates coming up for GME in the next couple of weeks: + +* T+35 for the announcement of the 5.0 million shares ATM offering on July 14th +* T+35 for the completion of the 5.0 million shares ATM offering on July 28th +* These are sandwiching the next T+21 on July 26th + +This is precisely the kind of grouping we saw in January and May, and also the conditions the movie stock had before it Gamma Squeezed in early June. So I would not be surprised if things become even more fun as we head into the second half of July! Of course if not, then I just keep BUYING and HODLING...same as I have for months now. + +&#x200B; + +**TL;DR:** RC Ventures getting into GME in the first place, early redemptions of senior notes, and the two ATM offerings all appear to have created their own "Hidden" T+35s. These also appear to be more reliable and have a bigger impact on upward momentum of the share price than the standard T+21 cycle dates. In many cases, they have preceded the T+21 cycles dates, and the most impactful have been when T+21s and the "Hidden" T+35s have been grouped together (further confirmed by the movie stock having the same trends). The next such grouping of various T+35s and T+21st are coming on July 14th, July 26th and July 28th, so we could have some very positive price action soon... +Has anyone noticed the dynamic of r/CanadianInvestor to have had a dramatic shift? + +I guess it should come to no surprise as having a group of 90.4k members there will be more investment ideas shared etc. But what I have noticed is that ever since the start of this year there have been much more empathizes on quick/easy money. + +Let me explain, Earlier this year (january/february) and even through the crash, the main posts would be centered around value investing such as with numerous set and forget etfs, VEQT, RIOCAN, SUNCOR, AC (Lots of AC), and #justbuyvgro. + +However I've noticed a massive change especially these past couple of months (august-now) with the emphasis being on easy money/ new innovative technologies/ smaller companies. Specifically, DOC,MMED, MTRX, LSPD, CTS, etc. + +Is this a product of the times, with these new companies gaining massive traction, or would one say that this could categorize a new way of investing all together? + +I'd be happy to hear what you all think of this! +Power is a funny thing. You only have it when you believe you have it. And those in power only retain it as long as everybody else believes they have it. + +Of course our enemies continue to have their hands on true levers of power across various agencies and institutions. But those levers, in this play, are fleeting. + +Those levers, however many times pulled, change nothing about the true foundational power dynamic from the very beginning of this sordid drama. + +That dynamic is that retail owns the shares its enemies need, and as long as retail refuses to sell those shares retail owns 100% of the power in the power sharing scheme. + +That’s why they’ve been so desperate to make you feel insignificant and utterly powerless over the last 16 months ape. It’s because they know the reverse is utterly true. They are utterly powerless as long as retail continues to diamond hand those synthetic shares they carelessly printed. They wrote a check they can’t cash. + +I think the recent fervor over our new member Pulte, who I welcome with open arms, is all about those built up, painful feelings of powerlessness and psychological impotence being allowed to be released at the idea that someone in a perceived position of power and influence is aligned with us and can finally exert some power in this situation. + +This is a psychological process called projection where we place that which we can’t or won’t see in ourselves onto the people or entities around us. + +But in this crucial period, the calm before the storm of Moass, it’s more important than ever to situate the power where it belongs, which is inside each and every one of us. + +You’ve been fighting the good fight for a long time now ape. You’ve been exposed to gaslighting and psychological manipulation on an unprecedented scale. You’ve taken the time to learn about the inner workings of Wall Street. You’ve withstood the taunts and ridicule of trolls, friends, and family. You’ve stayed a diamond handed warrior through it all. You’re powerful and I’m damn proud to stand by your side. +We keep getting asked questions on this when it's mentioned in a thread so to save everyone asking (and me typing it out) here you go. + +\- You will need to apply for a US account, ID check will most likely be unnecessary as you would have been ID recently. + +\- W8-BEN forms, this will be somewhat automated. You will still need to digitally sign these. + +**Cash** + +You will have a USD cash account, you get money into this by transferring from your AUD account. The bid/ask spread (FX rate) will be 0.60%. This compares to STAKES which is \~1% and most banks at 0.50%. and others that are higher Your cash can sit in that USD account and you can move it between as much as you like. You can't transfer directly to this account. + +**Brokerage** + +We will charge $9.50 USD per trade. **Flat-rate.** Still none of this commission business or percentage fees. We'd compare this to the banks, but you know, there's no comparison at all -- they're VERY expensive. We've saved investors over $20m in fees on ASX investing\^ alone and hope to do the same with US trading. STAKE and the likes offer free brokerage but unfortunately, we're not in a position to offer that, yet, and we're lower on the exchange rate anyway... so depending on your investment it might end up similar. + +**When** + +We will be launching US trading before Christmas, with beta testing happening in a month or so, with a select few clients. A new [iOS and Android app](https://imgur.com/a/cboHElk) (WIP!) is planned for a similar period. More international markets to be added in the future. + +**Can I move US stocks to SelfWealth?** + +Yep! We'll release more details closer to launch but it's not as straight forward (for us) as moving your HIN around or moving CHESS sponsored holdings. + +Anything we've missed? Happy to add more points as the questions come in. + +FYI this is the most detailed information on US trading on SelfWealth, anywhere... + +*\^ Compared to if they had have used a particular yellow and black competitor. No, the Tigers aren't a broker.* +I have always worked a low paid job earning only about the equivalent of $25k a year. I found out about trading CFDs 4 years ago and thought great this looks easy. In my first year I blew an account worth $10k. Next few years I lost $25k. Last year I tried trading US stocks and indices and lost about $20k. + +I then discovered the holy grail, the slow stochastic indicator and the relative vigor index. I used these tool to claw back the money I lost and made $15k profit. I got excited and quit my job. + +Then I found out that these indicators dont work when markets are trending or parabolic. So i lost $45K in 3 months. + +Ive maxed out my credit card, I have a personal loan to pay off and no job. Oh btw I also got scammed $10k by a phony lawyer in 2014. I never went to College, I am a unskilled worker. I wasted 4 years of my life, ive never had a girlfriend, I live with my parents and have no car. Im 26 years old with no friends or social life. + +My father was poor, his father was poor, i will also be poor. +https://www.bloomberg.com/news/articles/2020-06-30/a-case-for-turning-empty-malls-into-housing + +Developers are turning a wide swath of the 41-year-old shopping center into Avalon Alderwood Place, a 300-unit apartment complex with underground parking. The project won’t completely erase the shopping side of the development: Commercial tenants will still take up 90,000 square feet of retail. But when the new Alderwood reopens, which developers expect will happen by 2022, the focus will have shifted dramatically. One of the mall’s anchor department stores, Sears, shut down last year; in a sense, the apartment complex will be the new anchor. +I read that when you 'take distributions' from your 401k, it just gets taxed as regular income. Considering in inflation, too -- what's the real benefit of maxing out 401k beyond employer matching, then? + +I have the opportunity to max it out at 12%, but doing that would take me forever to buy a house in California, versus just doing 401k at 4%. Most of the advice on here is to max out your 401k, but taking all things into consideration it doesn't look like such a good idea. +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! + +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) +Hi all, I'm considering investing in Alibaba based on the amazing business model, high growth, cheap valuation, and high ROE. However, I'm concerned about the ethical implications of investing in a company that does business in a country as totalitarian as China and which is definitely in bed with the Communist Party. What do all of you think of Baba and companies in China from an ethical standpoint? I care far more about my ability to sleep at night then missing out on a deal, but I'd hate to miss a good opportunity being overly scrupulous and seeing ghosts where there aren't any. Any thoughts would be greatly appreciate!! +We, individual investors, are too busy to deeply assess different companies 24/7. That’s why I , personally, focus on only one sector. I chose the easiest sector out there, Consumer Defensive. Why Consumer Defensive? Because, I think, it’s the least impacted by the various macroenvironment factors, such as economic cycles and technological advances. To me, not losing money is more important than making big gains. I think this goes in-line with Buffett’s two rules of money (“Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1."). So, I avoid technology, no matter how tempting their growth prospects might be. Many great companies fell because of advances in technology, e.g., Polaroid, Kodak, Xerox, Netscape, Nokia, and Blackberry. Technologies are disrupted too often. When I buy a company, I intend to keep it forever to reap the benefits of the eighth wonder, compounding. That’s less probable with technology companies, in my opinion. So, who would invest in technology, then? Venture capitalists and professional investors, who are involved in investing, 24/7. Not me! I’m just a simple individual investor. I like companies, whose products or services people buy very often today, and are likely to still buy after 20 years. Those products/services should be least impacted by technological advances. That’s why I avoid technology. What about you? Do you avoid investing in technology? +Listen and hear me out before you unleash the downvote army on me. + +&#x200B; + +I am a Grocery Team Lead at Target, and I honestly take my job extremely seriously, as much as I hate it. Upon seeing Amazons earnings and what they expect in the future, I am seeing exactly the same in the brick and mortal level, which impacts the e-commerce side of our business due to products constantly being out of stock (OOS) and not just on a regional basis but a global basis. The things I have been experiencing and witnessing are lining up with what Amazon is going through, product is simply not coming in. Workers are quitting in levels I've not seen possibly ever. I hear it's the same just about everywhere else outside of target through vendors. Things are much more dire than I think most of us outside of this forum realize. + +If Goliaths in the industry such as Amazon are also being greatly impacted by the same situations we are realizing here at TGT, I can't help but imagine these problems are within just about every sector in our country and in the world. I believe we are witnessing the largest pump and dump in the history of pump and dumps currently with $SPY hitting record highs off of bleak economic and fundamental data pouring in from the most recent quarter. Algos are clearly only programmed to care about the EPS, and QE rather than the underlying fundamentals of market mechanics, and supply and demand. But that's a fight for another day. + +Apes, I firmly believe we're closer than we have ever been to an utter fucking economic catastrophe, that sorry for beating a dead horse here, will make the 2008 crisis look like a fucking fairy tale. + +Everyone in my social circle, whether it be from work or family or friends, as well as their social circles, is experiencing extreme distress, all directly from the economy and the current situation we all find ourselves in. Keep yourself hydrated, take breaks from all the crazy shit happening, and above all else, please take care of yourself. You are going to need it. It's already happening my friends they're just hiding it till they cannot. As history has shown time and time again they will lie till the very fucking end and even when its the end they will lie and say it is not. I cannot stress enough how dire this is. I am downright terrified by what I have been going through lately. + +Never in my 10 years of customer service have I ever experienced such distress on the job, not even through the lockdowns in the start of the COVID-19 pandemic, where people were panic buying on a level that amounted to apocalyptic scenes and feelings of the absolute end of life itself. The common folk is waking up all around you and the system is failing because of it. It's completely outside of GME but this also is directly related to it. We as the common folk are fucking rising up and this shit is about to collapse. Brace yourself, or as a wise man once said, BUCKLE UP. Love one another, we're all in this fight together whether they realize it or not. + +We cannot fail....or else they will take it all. + +&#x200B; + +Sincerely yours + +u/letthebandplay777 +Hey reddit, take it easy on me I've suffered from P.T.S.D. and depression/anxiety for about 8 years + +I have no college education, but I did go back and recieve my H.I.S.E.T/G.E.D. + +I have been working on and off construction gigs in Montana for the last few years. Its not a great fit, my employers love me because I work really hard, but I never make more than $20 an hour. The work is hard on me, I'm a skinny guy who is not very healthy, everything hurts at the end of the day. + +I want to start making money but I am overwhelmed. I've never been good with finance and feel like I am running out of time. + +I think about college but I always hear horror stories of debt and useless degree's. + +I am pretty good with computers. I spend most of my free time gaming. It is sort of a passion. I just don't see how someone like me could make something in the gaming industry work. + +Any suggestions on how to get back on track and stop working myself to death for a paycheck to paycheck depressionfest? + +Edit: Thanks for all of the ideas, you guys made my Sunday much better. I have a lot to consider. I'll come back later and check again. I need to get ready for the work week. +:) + +Edit2: I only expected a few people to see this, I'm sorry I can't reply to you all. But I really appreciate you guys taking the time out of your day to give me advice. + +Update: Some of you have sent me some seriously amazing responses, great advice and even job offers. + +Some of you are asking about my P.T.S.D. I was not in the military. It was caused from something else. I keep erasing and re-writing these next lines because I feel like I should have to defend the reason I have P.T.S.D. The fact is. It sucks. You re-live something over and over playing it out in your head. I understood it at the time, I knew what it was. But I thought I could just splash water on my face get over it.. I fought it for years. Maybe if I was brave enough to ask for help, instead of trying to deny that there was something wrong with me, These last few years could have been different. All I'm saying is that I came here for advice and got a ton of it. So the one thing I might be able to give back is that if you think something is wrong, you should seek help not shelter. + +Update 2: "Learn to code!" I hear you guys, I am on it. Python installed Pycharm installed and I taking Udemy courses. + +This thread will serve as a tool over the next week/s something I can really search through and hopefully find a path that I can follow. + +Much love reddit. Thanks for your support! +I was a basically a child back when the market took the big hit. But thinking about it today, I was wondering where did people actually live during this recession? + +You would think that the foreclosures on peoples’ owner/occupy would force people to rent, but if they didn’t have jobs, then I guess they couldn’t pay for the rent? Were all these people just moving back in with family or roommates? + +I guess knowledge is power and knowing what the fallout of a crashed RE market actually looked like could be useful information. +Changed jobs a few months ago with a raise to 110k (poverty in AusFinance sphere, i know!). Although I’m happy with the raise, it got me thinking at what salary is enough? + +Curious to see at what salary is everyone happy to step back from the rat race and cruise? +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. +https://www.reddit.com/r/investing/comments/1bbbgh/if_you_were_to_buy_a_stock_today_to_hold_for_20/ + +I saved this thread and looked back to see winners and losers. Some interesting picks here, GOOG, AAPL, along with some "safer" picks. Towards the bottom a few folks suggest TSLA, and at the very bottom, back in 2013, with -3 votes, someone suggests buying Bitcoin! + +So... which stocks are you holding for 9, 10 years? + + +>Oh my god! GME is down to $150! It's down to $100! It's down to 30 cents! The hedgies are going to cover all their shorts at that 30cent price point! It's over! + +Wrong. + +No one is selling at these prices. Sure, maybe a few scared folk who don't know any better. Maybe they trigger a few stop losses. Maybe some margins get called. But it's not enough. Say it with me: + +*PRICE DOESN'T MATTER* + +>WHAT?! + +You heard me. 30cent GME? No problem. + +They don't need a low price, they need your shares. If 10 people sell at 30c cents, and that's the only market activity, it's a "30 cent stock" but Melvin only netted ten shares. They are still fucked. *They aren't buying 50 million shares at 30c, nor $100, nor $300, and that's their problem.* It's an availability issue. Sometimes it's ALSO a price issue (too high for them) but primarily it's the availability. + +All the activity driving down the listed share price are *illegal ladder attacks* (not that legality should be expected at this point, these folk are crooks). Those aren't actual sales though, it's just shares trading hands from hedgie to hedgie. They aren't gobbling up value. These people don't admit defeat, they are neither smart nor humble, they are crooks. They need 50 million+ shares. They need over 100% of the float to sell to them (that 50% float you hear about is accounting shennaigans, ignore it, they are still exposed). *You can NOT close that many positions sniping a few shaky handed noobs.* We aren't talking about a few shares they need to buy, we're talking about fucking ALL OF THEM. + +I'll explain that in a second, but first let me repeat: + +*PRICE DOESN'T MATTER* + +So let's say you want to buy 50 million shares, let's look at what shares are being asked for in my hypothetical example market: + +**# of Shares - Price** + +x 20 - $0.30c + +x 80 - $5 + +x 400 - $20 + +x 600 - $40 + +x 900 - $60 + +x 2,000 - $100 + +x 5,000 - $150 + +x 10,000 - $200 + +x 30,000 - $300 + +x 50,000 - $400 + +x 150,000 - $500 + +x 1 mil - $1,000 + +x 15 mil - $5,000 + +x 30 mil - $69,420 + +Get it? There are only a few people willing to sell at those low prices. By the time you've bought a quarter million shares (0.5% of what you need to buy) you're back up to the sustained highs. And these are just exaggerations to make a point. *A stock price only reflects current trade values, not availability at those prices*. If the hedgies are trading their shares back and forth to each other to drive down the price and they have ladder attacked down to a Nickel, that doesn't mean anyone's shares are only worth pocket change, that just means that that is what things are trading at in the moment. There's no volume to buy up at those costs. No one can force you to sell at a Nickel. + +Get it? + +*PRICE DOESN'T MATTER* + +They need our shares, not a low price. The price does not reflect whether we are 'winning' or not. Their financial reserves indicate that, but there isn't a ticker for that. But be sure, every day the inevitable closes in. Sell out of fear if you like, but you'll just miss out in the end. People like me, as we shore up more funds, snipe these low prices, stealing away shares the hedgies use to ladder and taking shares away from shaky hands and putting them into steady ones. + +This isn't financial advice, I just want to make sure people on this sub have the knowledge to not make fools of themselves in casual conversation. +I'll be brief. + +I replied to u/Criand 2 days ago about a ticker that I discovered some weeks back. +My little comment BLEW up and I started getting awards. + +Damn near every award has been anonymous. + +They never stopped. I'm a sharp guy but I'm not sure where to go with this info. So I wanted to let someone smarter know that someone else smarter seems to want this to be seen. That is what I'll do. + +Here's my comment' + +https://www.reddit.com/r/Superstonk/comments/pfa4jx/delisted_stocks_spiking_in_january_with_gme_wut/hb31dit?utm_medium=android_app&utm_source=share&context=3 + +Please help in anyway you can. + +Late edit: All of Stonk and half of Twitter is flipping rocks looking for OTC crumbs. I'm extremely proud of you Apes. +I am 31F, have two children 5 months and 2.5 years. My beautiful husband devastatingly passed away suddenly, fairly recently.In the moments where I'm not overwhelmed by the heartache, I feel waves of terror regarding my financial situation. It's not completely dire but I am just not sure of my best way forward, so here I am, seeking your advice. I am based in Aus and currently on paid maternity leave until January 22. + +My husband had no life insurance, he'd recently changed superannuation and hadn't yet opted in. + +I earn $1600 per fortnightMortgage $1500 per month (mortgage total is 350k)I will receive $50k (husband superannuation)My community organised a GoFundMe campaign and I will receive around 70k + +I want to use the money to set us up a little bit better and help with financial security. I have wondered if I should invest some long term. Open to all ideas. + +Please learn from us and get the life insurance! + + +EDIT: Once life calms down, I plan on seeing a professional. In the meantime, I thought it may be helpful just to get some perspectives/ideas. +Edit on title - ...even though I didnt have a \*margin debit\* + +So after 2 fucking weeks of waiting without getting a call back and calling every day for an answer to my question about why I'm [missing shares for my proxy vote](https://www.reddit.com/r/Superstonk/comments/uevrvs/update_fidelity_hasnt_found_where_10000_dlls/), I finally spoke with someone who EXPLICITLY told me this: + +&#x200B; + +"I just heard back from the proxy team and they said those were lent because you have a margin account... they said they can lend your shares because you have a margin account, regardless of whether you had a margin debit or not" + +I just said, you know what, if thats the answer - I'm happy, but only if you can provide that to me in writing, because I can probably compile over a dozen references where fidelity reps have repeatedly said this is not the case, only if youre on the share lending program or if you have a margin debit. + +&#x200B; + +They even have a post with that written in BOLD, and on a fucking table. As soon as I get that in writing, I'm gonna post that shit all over and make it clear to everyone that fidelity is lying to their faces. + +To be clear, I have a margin account because I benefit from trading options - mostly i sell calls and puts on other securities... but if that comes at the expense of having my shares lent, then they can go suck a dick, I'm transferring the rest of my GME out to computershare and the rest of my positions to an options trading broker. + +&#x200B; + +https://preview.redd.it/1dgmax87a2z81.png?width=703&format=png&auto=webp&s=180b8fb94b6078e900d4fb89fb4daa88c0aea308 +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? +So to make a long story short, a week and a half ago I packed a small bag while my violently abusive gf was at work, not knowing where I was going, completely broke, and having no support to lean on. It has not been easy since then. I've slept in a very very unsafe shelter a couple nights, and when it wasn't freezing I slept either on a park bench or on the side of the train tracks. + +So I spent the last however many days putting in job app after job app after job app. Had an interview at Target this morning and they JUST called me back to start training in a couple days!!!!!!!!!!!!!!!!! + +My next step is getting the right clothes to wear because I don't have the colors I'm required to wear there. + +I've had people suggest to go down to Home Depot before they open and sometimes contractors will give out a days work, but I've tried that three times recently and it didn't work, and I'm not sure if it'd prudent to use the time and energy to try that again. Should I?? + +I've had people suggest standing on the corner with a sign asking for help. Does this actually work?? Is it illegal?? The last thing I want is to be arrested for doing something that I didn't know was wrong. + +Any other brain storm ideas like that I'm willing to try. Really willing to try anything and everything so throw them at me! + +Ahhhhhhhhhhh the light at the end of the tunnel might finally be showing up!!!!!!! +>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? +I just want to thank all the mods and contributors and Dr. Trimbath for an amazing interview. You could see Dr. Trimbath's relief at finding some allies and "being believed" -- when Atobitt mentioned there are 250,000 apes gathering their pitchforks like she'd always wanted, she looked like she was about to cry! + +Whoever helped with the YT channel and chyrons, that shit was on point. Tremendous work all-around, everybody! + +u/Atobitt: THEM NUMBERS ARE FUCKING *INSANE*, DUDE!!! Looking forward to House of Cards II, holy fucking shit +SFHs have this week circled on their calendar for the last year as a potential risk and natural period for high expectations from retail. So think to yourself if you knew there will be a lot of buzz and activity around this date, wouldn't you do everything in your power whether legal or not, to make these next few weeks as bad as possible. + +They want to make people say screw it, I guess nothing is going to happen. They can't afford another run-up from FOMO and are desperate to have this not start to follow the same pattern as last year. They still have to close their position from last year, but don't think they haven't been scheming on how to achieve for the last year. + +This changes nothing Gamestop is transforming and the potential for this company is massive. Buy hold and DRS and things will play out. All they are doing is kicking the can down the road, its they will have to cover and close their positions at some point. + +I do think a catalyst will hit at some point that will send us to the moon but don't expect it to happen on the anniversary of the last one, it's just too obvious. +Retired a while back and as I ended up selling less than $170,000 of stock in 2018 (cost basis is 55%), my taxable income was under the $75,000 threshold for single taxpayers. As a result, and I'm getting a full $1,200 stimulus check. + +Yes, my stock portfolio value has fallen many hundreds of times this amount, I suspect I'll be paying this back in the form of increased capital gains taxes down the road, and when working I regularly paid 6-figure annual tax bills. + +I hate to look a gift horse in the mouth, but a single retiree with a multi-million dollar portfolio who can safely spend $170,000/year should be the last person getting a $1200 stimulus check from the government. Heck, if my spending was $100,000/year (more than manageable as I own my housing outright), I wouldn't be paying any income taxes at all (given the $50,000 - 0% capital gains limit) and would still receive the check. + + +I live and invest in a small town in Canada. In the past I was able to find buildings that need a lot of cosmetic repairs and fix them up and rent them and I was quite successful at it; 10-15% CAP rates after renovations. Ever since covid I can’t seem to find anything worth my time everything is overpriced. There are buildings that I was looking at 2 years ago that are now selling at 100%+ over what they sold for in 2019. + +I am analysis at least 1-3 properties per week, but so far nothing seems to make financial sense. I am putting most of my savings in the stock market now as I don’t see the point of taking on a 1-4% CAP rate when I can get 8% in an index fund. I get that the RIO will be much more, but I don’t like using RIO as a measurement of return. + +I guess what I am asking is how are you finding buildings worth your time, effort and investment ? +I’m in Sydney, just went for a haircut at the barber I’ve been going to for 4 years. He’s the best for the type of hair he cuts located in the city. Even during covid when restrictions he was packed. + +You can’t book to see him and takes around 3 hours waiting to get your turn. + +I walked in today on a Saturday and there were still people but didn’t have to wait at all. + +Second thing I’ve noticed is invoices are taking a little longer to be paid with various excuses. I work as a contractor and have noticed delays in getting paid which has never been an issue. I contract for three separate companies/entities and issue happening with all three. + +Anything you’ve noticed? +I mainly created this thread because of so many users coming here and saying bitcoin is old and outdated. These users are very misinformed. They've been fed misinformation by people that are profiting from spreading misinformation. + +**Just read the bold text if this thread is too long for you.** The bold text is the summarized version and it contains all of most important information within this long wall of this text. I did this for users who don't like to read long posts. I know it's still long. + +**If you'r a bitcoin veteran and you already know a lot about bitcoin:** Skip straight to the two bold paragraphs second from the bottom. They contain information about most of bitcoin's recent developments and second layer protocols. + +**Bitcoin is just a protocol. It was released in 2009** + +**TCP/IP are just protocols that were released in 1972. You could call them the backbone of the internet. Look at how long it took us to get to the internet that we have today, where TCP/IP is the backbone.** + +[**Click here to read a bit about TCP/IP and blockchain technology.**](https://hbr.org/2017/01/the-truth-about-blockchain) + +HTTP is just a protocol that was released in 1991. You could call it the backbone of the world wide web. + +SMTP is just a protocol that was released in 1982. And IMAP is just a protocol that was released in 1986. You could call these protocols the backbone of email. Many people used to say that email was useless and nobody would ever use it. + +TCP/IP was actually developed by cypherpunks just like bitcoin, PGP, and many other great protocols and technologies. In fact, two cypherpunks by the names of Hal and Len actually lived near each other and both helped develop TCP/IP. And they are also two of the three most likely candidates for being Satoshi. But that's not important. + +People used to say computers and the internet was a useless waste too. Computers do use far more electricity than bitcoin mining. So perhaps they were right after all. + +We are in the early majority. Bitcoin hasn't had it's Windows 95 moment yet, and I'll explain that statement below. + +**Do you remember back in 1990 when everyone had heard of the internet but you didn't know anyone who used it? This is much like bitcoin right now, and even less people use the lightning network. Both are still in beta. February 1991 is when AOL for DOS was released. AOL for DOS made the internet fairly easy for everyone to use. But you still probably didn't know anyone who used it, and you probably didn't use it yourself. The internet didn't start getting popular until Windows 95 came out and most people still didn't use it for more years.** + +**I can't wait to see where bitcoin is in a 12 years where it will be 23 years old. It was 1995 back when TCP/IP was 23 years old.** + +[**Click here to watch/listen to some news clips talking about the internet and email back in 1995 when TCP/IP was 23 years old.**](https://www.youtube.com/watch?v=95-yZ-31j9A) This was also the same year that Windows 95 was released. + +**Bitcoin has the potential to be the backbone of the financial system.** And that's what people like the rocket scientist Michael Saylor are betting on. Michael Saylor is the same MIT graduate that predicted the mobile wave. + +I want to inform you all that **I am not a bitcoin maximalist.** And my favorite cryptocurrency is actually an altcoin. I know you're shocked to hear that. But bitcoin holders please fear not, because **I still see bitcoin as the safest bet. And I also see bitcoin as the only protocol that has the potential to be the backbone of the financial system.** If this happened, then companies and countries would be using on-chain payments to settle large payments. There could be bitcoin backed currencies (like gold backed currencies of the past) and even bitcoin banks. **Hal Finney predicted there would be bitcoin banks in the future all the way back in 2010** Most people would be using second layer payment protocols to send bitcoin in milliseconds and costing almost no fees. And these **second layer protocols like the lightning network take a negligible amount of electricity to operate. Bitcoin can scale to handle as much demand as the world can create because of it's second layer protocols.** + +Satoshi didn't create bitcoin to get rich. **He created bitcoin to allow online payments to be sent directly from one person to another without requiring trust or permission of anyone else.** Over 99% of altcoins were created to enrich their founders and over 99% of them have no future. None of them are as secure, as decentralized, or launched as fairly as bitcoin. **Bitcoin has the most users, largest infrastructure, no premine, no developer fund/tax, no leader, longest track record, is the most secure, is the most decentralized, and bitcoins circulated freely for 18 months before ever having any monetary value which can never even be replicated by an altcoin because the genie is out of the bottle now.** And unlike the founders of every altcoin, Satoshi never cashed out. The issuance schedule and maximum supply of bitcoin are both clearly defined and will never change. Bitcoin development is decentralized and anyone can contribute because Satoshi published bitcoin under the MIT license so that it's open source and anyone is free to do anything with the source code. Bitcoin protocol rule changes are also decentralized because they require nodes to come to consensus.** All of this is why bitcoin is so vastly different than altcoins. + +Cryptocurrency is full of scammers/grifters, ignorance, and people that actually believe the lies because they've been sucked into altcoin cults. Gamblers use altcoins for trading/gambling to increase their bitcoin stack [or even their ETH stack if they don't understand bitcoin and cryptocurrency,](http://www.youtube.com/watch?v=T89gsJ2MsG8&t=47m24s) and they aren't aware that Gary Gensler, the current Chair of the SEC, just said that "a lot of crypto tokens, I won't call them cryptocurrencies for this moment, are indeed non-compliant securities" this week. And nobody told them that the SEC disregarded previous claims made by Bill Hinman, former director of the SEC’s Division of Corporation Finance, who suggested that offers and sales of ETH are not securities transactions. But enough about that. + +Gambling on altcoins can be very profitable during a bull run because the altcoin market is basically a short term casino where you actually have a good chance of winning. It's a relatively easy way to increase your bitcoin stack. + +**If you properly handle your private keys, then your bitcoin can't be stolen or seized and nobody can stop you from sending it to anyone else.** + +**Any protocol rule change that doesn't make any previously invalid blocks now valid is called a soft fork.** This would be a miner upgrade and is easier to accomplish, we can give the mining nodes a chance to upgrade, bip9 can be used, or the nodes can just run compatible software. + +**All protocol rule changes must be agreed upon by fully validating bitcoin nodes.** Even if the mining nodes don't agree, if the full nodes come to consensus and make a rule change, people will continue to mine as long as it's profitable to mine, so the miners have to deal with it or piss off and other people will mine. The mining difficulty will adjust every 2016 blocks regardless. So when it comes down to it, only the users who run fully validating bitcoin nodes are in charge of bitcoin. + +**Fully validating bitcoin nodes must come to consensus on any rule change that makes any previously invalid blocks now valid, and that's called a hard fork.** This would be a pretty big upgrade, and it would be difficult to pull off with bitcoin because it's decentralized. And that's a good thing. + +**There is a maximum supply of 21 million bitcoin**, and that will never change. Satoshi designed the protocol so that **miners solve a block every 10 minutes on average**. The block reward started at 50 BTC. **The block reward gets divided by 2 every 210,000 blocks** (4 years if the hashrate remained constant), which we call the block reward halving. The block reward is currently 6.25 bitcoin and the next block reward halving will happen around April 2024. And then the block reward will be 3.125 bitcoin. **The mining difficulty adjustments every 2016 blocks** which is approximately 2 weeks. So if it's profitable for people to mine, then hardware gets turned on and the mining difficulty increases. But if the price of bitcoin lowers so that some hardware is unprofitable to run, then it gets turned off and the mining difficulty decreases. And as the block reward gets divided by 2 every 210 thousand blocks, the **transaction fees will continue to incentivize miners to secure the network even when the block reward is minuscule.** + +Many users here like to repeat that the last bitcoin wont be mined until 2140. And while it is true that the last satoshi will not be mined until 2140. It is also true that **approximately 97% of bitcoins will be mined by 2032**, and the block reward will just be 0.78125 BTC at that time. But if bitcoin is worth, for example, a million dollars, then the block reward alone in 2032 would be worth more than the current block reward + transaction fees at this time. That's not even accounting for all of the transaction fees that the miners will also be collecting from the transactions that they include in blocks. + +Bitcoin is constantly being developed. **Bitcoin also has second layer protocols that are constantly being developed and they don't require any consensus.** So anyone can just create second layer protocols for bitcoin and nobody needs to agree on anything. It's up to the users of bitcoin if they want to use various second layer protocols that maximize the user experience. **One of bitcoin's second layer payment protocols is called the lightning network. It's still in beta but it already allows an unlimited amount of users to send and receive bitcoin transactions in milliseconds for extremely minuscule fees.** + +[**Bitfinex**](https://www.bitfinex.com/), [**Okcoin**](https://www.okcoin.com/), and [**Strike by Zap**](https://beta.strike.me/faq) have already integrated the lightning network so that people can deposit and withdraw bitcoin using it and [**Kraken**](https://www.kraken.com/) **will be integrating the lightning network later this year.** Kraken even has a US banking charter and [**Kraken Bank**](https://www.kraken.com/en-us/bank) plans to offer most typical banking services later this year. + +**For newbies wanting to try out the lightning network:** I only recommend you to use [**Muun**](https://muun.com/) wallet or [**Phoenix**](https://phoenix.acinq.co/) wallet. They're both user friendly and they allow users to send and receive on-chain transactions or lightning transactions, all from the same wallet. [**BlueWallet**](https://bluewallet.io/) is also a great choice but it's more advanced than Muun and Phoenix. + +**For US residents only:** Consider trying out [**Strike**](https://beta.strike.me/faq) by Zap. It has no fees and it allows Americans to use cash in their bank account to buy bitcoin and have it be sent anywhere in milliseconds using the lightning network. Or they can send a lightning payment and receive cash in their bank. So Americans can use Strike app to fund lightning integrated exchanges with bitcoin instantly, to fund their lightning channels with satoshis, or to make instant bitcoin lightning payments, and all without any fees. I believe that Strike is also capable of sending and receiving on-chain bitcoin payments + +**Bitcoin has second layer protocols like the lightning network and statechains. The lightning network allows an unlimited amount of users to sent and receive bitcoin in milliseconds for almost no fees, and uses minuscule electricity. Bitcoin also has a second layer protocol called statechains that allow non-custodial off chain transfers which bypass paying transaction fees and waiting for confirmations. And statechains can also be turned directly into lightning channels at will. So statechains allow users to open and close lightning channels without performing any on-chain transactions, without paying a transaction fee, and without waiting for a confirmation.** + +**Bitcoin is also switching to schnorr signatures and activating taproot this year which will improve privacy, security, and efficiency. This will also lower the operating costs of running a node and the transaction fees for exchanges by an expected 30% and it will also allow us to use many more second layer protocols that have been developed. This will also allow us to create massive multi-signature transactions that are substantially smaller in size, and will even allow users to aggregate all the multiple signatures of a transaction into one (multiple signers can produce a joint public key and then jointly sign with a single signature). Shnorr signatures and taproot will also allow us to use the coinswap protocol which is pretty self explanatory, the musig2 protocol which will allow aggregating public keys and signatures, new discreet log contracts which increases privacy and scalability minimizes the trust required in the oracle which provides external data for the contract, and point time locked contracts which will improve the privacy of bitcoin payments using the lightning network. Trustless cross chain atomic swaps should also be available towards the end of this year. Schnorr signatures also makes multi-signature and single-signature transactions indistinguishable on the blockchain so an observer will not even be able to tell if a multi-signature transaction or a trustless cross chain atomic swap has happened by viewing the blockchain. NFTs can also be done on bitcoin and that's where they were done first back in 2012. There's also various sidechains in development, including liquid network. There's the RGB protocol which will allow smart contracts to be done using bitcoin on the lightning network. And much more.** + +**Money (not fiat currency) always evolves in four stages** (this is from the *what is money?* section of *The Nature and Creation of Money* chapter of a college course on *Principles of Macroeconomics*). **Bitcoin is currently going through the second stage of the evolution of money, which is a store of value.** The next stage is a widely used medium of exchange. Bitcoin may evolve into the third stage in 5 years, in 7 years, in 12 years, or **bitcoin may never evolve passed the second stage**. The final stage of the evolution of money is a unit of account. Bitcoin is also currently going through price discovery. **Bitcoin's true value needs to be found before it will ever be a widely used medium of exchange The lightning network also to be adopted by the users, merchants, and exchanges before it's even possible for bitcoin to evolve into a widely used medium of exchange.** +10 shares of SCHD would bring in about $6 in dividends, but 4 shares of chevron, would give you $13 in annual dividends. Which one would y’all prefer for someone starting out but wants to put atleast $600 in a dividend stock or etf.. which ones better for lifetime or retirement. Thanks in advance +I’m on mobile - made a throwaway account in case any family has Reddit as we want to keep this a secret for the time being. My mom will be receiving a lump sum in ~60 days, tax free. We’ve been lower class our entire lives, always needing government assistance. Just so you get the idea of how clueless I am lol. I’m the most responsible/educated out of her children (so she says) — so she wants me to help her manage things and ensure she doesn’t squander it. + +A couple goals she’s thrown out: +- Pay off her car: 1-1.5k left +- Work towards her lifelong dream of owning a food truck (many of her jobs have been in the food industry) +- invest in stocks (she feels this will help her obtain more money for the future) + +Some info on her: +- Late 40s +- Working minimum wage job (though she intends to look for something $15 & up now) +- Located by the Great Lakes/Midwest, USA +- Low COL state/city +- No insurance of any kind +- No savings +- No bank account (cash app card only) +- Her credit is TERRIBLE!! She has numerous collections accounts and before now could not worry about them. + + +Do y’all have any advice for us? Do you think it’s smart to manage 10-15K on our own or should we enlist some help? +I have a bachelor’s, working on my graduate degree. But my degrees are in humanities, so I don’t want to mess up her only chance of being stable for once in her life. + If you think this is better suited for another sub do let me know! Thanks in advance y’all! +I make great money on one income (USA, ~200k) and despite being in what I perceive to be a top income bracket I’m unable to find housing in my budget. Houses in my area go for around 800+. Will house prices ever come back to reality or do I need to give up on this area and move? How do I plan around this uncertainty? +Okay so that is somewhat wrong I understand the economics of gold, in so far that It is used as a hedge against Inflation. + +What i don't get is why? Gold is a resource, with very few actual uses. Jewelry and Electronics the major ones. So demand for gold as a product is relatively stable. The Economic aspect of gold is what confuses me. + +The price for gold at the moment is not driven by consumer demand but rather by economic stockpiling, here is what confuses me, Stockpiling gold makes sence if you have a gold standard denomination, but almost nobody does. In the event of a complete global Economic meltdown gold really does nothing for you.. so why do companies/governments stockpile gold? + +essentially if the world was to collapse you wont swap a gold bar for a cow, because you cant eat a gold bar and its value is only implied by market forces. + +tl/dr economic meltdownL: nobody has money to buy gold and no actual need for gold why would they swap you for it.. why buy gold? +Baidu, Bilibili, Baozun, Foresight Autonomous, GSX Techedu, GW Pharma, JDcom, Jumia Tech, NIO Inc., NIU Tech, Pinduoduo, Qudian, Teva Pharma, Talend, Tencent Music, Trivago, Taiwan Semi (TSM). + +I believe there are more as well but, 212 has been shit about informing people +**TL;DR:** Apes can get tendies. No doomsday for world economy. Ook ook. 🚀 🚀 🚀 + +**Who pays the apes?** + +Let’s take a look at the chain of failures. Short hedgies go broke trying to pay the apes with shares. Their positions are transferred to their creditors, the big banks. What happens when they don’t have enough money? They go to the lender of last resort, in this case, the Federal Reserve. Here’s a video on it: + +[https://www.youtube.com/watch?v=Tb4Dkf5puJg](https://www.youtube.com/watch?v=Tb4Dkf5puJg) + +The last time this happened was in 2008, when among others, AIG latched onto the Federal tit for a massive bailout and later paid hundreds of millions in bonuses to the very department that triggered the bailout. Seriously, this happened: [https://en.wikipedia.org/wiki/AIG\_bonus\_payments\_controversy](https://en.wikipedia.org/wiki/AIG_bonus_payments_controversy) + +If any of you XX or higher shareholders out there are holding past $218 million in payouts as a symbolic gesture, just remember, you deserve it more than AIG. Anyone who says otherwise can go play leapfrog with unicorns. + +**How much will the Fed need to print?** + +According to this DD on Geometric Mean: [https://www.reddit.com/r/GME/comments/m9td6w/estimations\_for\_the\_total\_payout\_of\_gme\_based\_on/](https://www.reddit.com/r/GME/comments/m9td6w/estimations_for_the_total_payout_of_gme_based_on/) + +Around 5 trillion dollars at the $20 million a share range, averaged out for paper hands along the way. Assuming that 20% of the ownership is outside of America, that leaves 4 trillion going into the domestic economy. But wait! Taxes. 2 trillion goes to apes, 2 trillion goes to the treasury. If I was the ruling party, 2 trillion dollars with no strings attached to advance my party’s interests would be pretty sweet, another reason why doing nothing is the best approach. The budgetary spending for 2020 was 4.79 trillion dollars. This windfall would be worth around 41.8% of their budget. Imagine if the government was an average person, 41.8% of what they spend for the year is a small jackpot but not life changing. It is definitely not enough to be considered hyperinflation. Assuming that 80% of this subreddit is American shareholders, this works out to be 240,000 shareholders / 331 million people = 0.0725% of the population. Spreading the payout around such a small group of people will not have a huge effect on the consumer price index or put a lot of pressure on demand, unless you are considering fringe categories like Lambos and McLarens. + +**Won’t all this money ruin the economy?** + +**NO!** According to the Fed data gathered by Forbes, the top 1% of Americans have a combined net worth of 34.2 trillion dollars: [https://www.forbes.com/sites/tommybeer/2020/10/08/top-1-of-us-households-hold-15-times-more-wealth-than-bottom-50-combined/?sh=5b0c5c835179](https://www.forbes.com/sites/tommybeer/2020/10/08/top-1-of-us-households-hold-15-times-more-wealth-than-bottom-50-combined/?sh=5b0c5c835179) + +The top 1% own 43% of the world’s wealth, totaling over 173.3 trillion dollars in 2019: [https://inequality.org/facts/global-inequality/](https://inequality.org/facts/global-inequality/) + +With the geometric mean, the top 1% of wealth in America will increase by 5.8%. On a global scale, 3 trillion dollars after taxes is a 1.7% increase. The payout will register a small blip, and those who paper hand early may not even make the cut for the top 1%. What does this conclude? Fears of an ape payout causing hyperinflation is FUD. The payout causing global hyperinflation or massive distortion of the world’s wealth is FUD. Don’t hold for a number that seems big to you. Hold for a number that seems big to THEM. Even if the number of diamond hands doubles or triples, 9 trillion dollars after taxes is a small ripple in the global supply of wealth. Let’s hope some of you apes will know how to create a positive butterfly effect with your tendies. + +&#x200B; + +Edit: u/Allohn pointed out this DD here has a more correct Apeish number of 60 trillion: + +[https://www.reddit.com/r/Superstonk/comments/mmt8rh/geometric\_mean\_exponential\_increase\_and\_gme\_price/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/mmt8rh/geometric_mean_exponential_increase_and_gme_price/?utm_medium=android_app&utm_source=share) + +How does that change the overall picture? 25 trillion taxes, 25 trillion to apes, 10 trillion abroad. Net impact of 35 trillion. 20.2% increase in the top 1% of worldwide wealth with ultimate diamond hands. Still not enough to pay off the national debt of 28 trillion and counting. Seeing as how M2 is no longer counted, and the true number of shares to be paid out is unknown, I wonder if they can sweep this much money under the rug. Only one way to find out! + +&#x200B; +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 am doing around 30k/month in SIP but have around 2 lacs which I can invest lumpsum. I was planning to invest it in 4 parts, 50k each for next 4 months, but I'm questioning my move seeing the story of "Indian market should correct in sync of world market sometimes soon" and "its been a long time sideways, now its time to go up." + + +I know people will tell things like time in the market is better than timing the market etc etc.. But I still regret not having enough money to dump when nifty was 7k in between covid. + + +I know the pros and cons of timing the market. I know market may never come down and I might miss a bull run. I'm just asking what you guys are planning to do with your money. Waiting for any correction, or simply going with regular investment. +I have about 18% of my portfolio in ARKK, and bought at wrong time. Should I continue to hold or dump? I have a long-term investment horizon but watching my portfolio dump down in value has been challenging. Thanks. +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 all, I'm really hoping someone has either experienced this before or knows what we can do because this is getting out of control. + +FYI: apparently Microsoft has a deal with Visa where even if your card number changes, Visa will allow Microsoft to charge the old number and the charges will still go through. + +Two months ago, we noticed a fraudulent charge to Microsoft on our Visa card made that day. My husband called in immediately and Capital One refunded us, cancelled the card, and sent a new one. +A week later, before we even got the new card, there was another charge to Microsoft. He called in again and we then learned that as long as someone/Microsoft has the original card number, Visa will continue to allow charges. They cancelled the card on its way and issued a new number. +A couple of weeks later, a few days after receiving the card, we had another fraudulent charge to Microsoft. At this point Capital One got a rep from Microsoft on a 3 way call but she said that since all the purchases were made without being signed into an account, she couldn't tell who made them (despite us having the Microsoft receipt numbers - we're able to access them through the Cap One app and can even see what was purchased). Microsoft was unable to help so we froze that card for 1 month and continued to use mine, in hopes that the scammer would realize our card is no good and move on. +Well, I guess the month is over because we just received another Microsoft charge. + +Cap One says we're unable to block purchases from them since Visa has an agreement. They've hastily refunded all charges but this is ridiculous - this will be the 4th charge. We have no kids and haven't been near family in months, so the card must have gotten skimmed. + +Do we have any recourse other than either freezing the card for a longer period of time or just cancelling the account? This is my husband's longest standing credit line, and we don't really want to close an account but calling every week has already gotten old. If the scammer waited a month then charged the card, would freezing it for 3 months or more even do anything? + +Edit: the first charge was for a Turtle Beach headset purchased through the Microsoft Store. I assume this had to be shipped somewhere but Microsoft still said they could not locate who made the purchase. The second charge was for a digital copy of COD: Cold War, made on the Xbox store. This last charge was for a month of Game Pass Ultimate. This is the first subscription charge. Cap One can apparently only block names and specific dollar amounts, but all three of these charges come from different Microsoft entities and all have different names and dollar amounts. They cannot block "Microsoft" as a whole. We have changed our Microsoft passwords and removed all cards today, but these charges are not on our either of accounts so someone must have the full cc number rather than just using one of our accounts to make purchases. + +Cap One has stated numerous times that we cannot opt out of this feature and the only solution is to keep calling in and reporting fraud whenever it happens. This has been said from both the regular Fraud department and from their Escalations team. We've permanently frozen the card and will most likely cancel unless Visa comes back to us with something in the next couple of days (but they probably won't). +As the title says the programming part of the equation is not an issue for me but I am struggling to find indicators or strategies that will give back consistent returns. + +I tried implementing the most popular strategies and indicators from trading view but the gains were disappointing and when the market went sideways I was losing money. + +Any tips or pointers, courses or books I could read on the subject? This sub has an amazing community btw. Thanks! +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + 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! + +Hey there, I hope this is okay to post here. So I recently received a raise from 18.22 to around 24.45, I work 40 hours a week and currently take around 1,090 biweekly after taxes. My current rent is $1100+ about $100 range utilities. I also spend about $300-400 on groceries a month, excluding my cat which is about $80 +-90 a month at max including insurance. Thankfully, I am finically secure with a 24k savings should anything happen, but my account has never been over drafted or under like $2-3k before next pay period. I have financial anxiety as well as dyscalculia, so I worry if I can spent rent on my own. (I’m in a 2br and the amount they charge is asinine.) A lot of places won’t consider me despite having no issue paying rent on time and having stable savings, so I may pay for a guarantor. Could someone assist me please in seeing if I can afford like a $1.5K max appt myself? How much would I need monthly to make that work with other things? Also, my savings account is with Ally, is there is there something better I should be doing with my savings to invest? + + +Note: I get around $350 assistance monthly so it helps mostly for food. (Not SNAP, couldn’t apply.) +What are your plays for the week? What you buying and selling? What were your best plays? + +Remember this is a community to learn. + +**Downvotes are discouraged** + +**Sort by New to find the best daily play** + +Add 🚀🚀🚀 if you serious +Literally don’t know shit about investing, just joined to learn l, got this itch to learn everything. Just want to know how everyone learned what they know, like the methods they went through. +I'm still quite new value investing and all, but do any of you old timers ever get overwhelmed by everything and just go "Screw it! I'm just gonna put everything into SPY? +Read an [article](https://www.valueresearchonline.com/stories/48774/there-have-been-no-defaults-in-our-debt-fund-holdings/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+vro%2Fmain+%28Value+Research+Online%29) on value research about ICICI debt management. + +>ICICI Prudential has a solid track record of more than two decades in managing debt investments. Over the last 22 years, there have been no defaults, nor has there been any delay in interest payments in our debt-fund holdings. We successfully navigated the credit space as we were one of the early movers having instituted an in-house independent risk-management team entrusted with overseeing credit-evaluation and approval processes. This team is independent of the investment team. The decision to onboard a credit is taken after detailed due diligence and in accordance with our Debt Investment Policy. + +>Furthermore, our fixed-income schemes did not have any exposure to names which have been under stress over the past two years. Our focus is on client selection, keeping away from concentration risk, using our own due diligence instead of relying only on credit rating as the selection tool, managing liquidity risk and not chasing yield-to-maturity. All these factors have helped our credit-risk fund to deliver a positive investment experience. + + +I generally prefer IDFC debt funds myself since they seem to have high quality holdings in mostly all their different funds. But big bank backed AMCs like ICICI generally seem to have much riskier bonds in their holdings which give them higher returns. + +So I was wondering what exactly are the reasons why people suggest debt funds backed by big banks ? + + +Edit: The comments I saw in the past regarding the funds backed by banks might have been few and far between and might not have reflected the general opinion. Sorry. + +The comments on this post have apparently mutated into a risk vs reward discussion. +Hello, the reason I'm opening this discussion is that for a while I've been thinking about building forex/stock trading automation system(something like a bot but in a more sophisticated way). I have a decent python experience with over 1 year of hands-on deep learning and general purpose projects so it is valid to say I'm quite experienced with tensorflow 2.x, keras, numpy, pandas, matplotlib and most of standard python libraries. I'm currently learning c++ for performance needs that cannot be met with python alone. I've been intending to use my background to create a trading system I have not thought of specifics but my general overview of a problem solution might be to create a combination of deep learning models and maybe some reinforcement learning techniques as well(which something I'm currently learning). The question is do you think of a criteria to get best outcomes in terms of prediction accuracy and be able to deliver something that might turn profitable at some point? I have not started working on the project yet but when I read about the topic in kaggle and general machine learning forums, the idea of forex bots/ auto-trading systems is sometimes met with skepticism: some argue it's nearly impossible to create something useful and some others claim that they were successful to create deep learning models (my best guess is RNN/LSTM architectures) with variable accuracy(60-90%). I don't think experimentation will hurt, I mean I can start working something out and figure out the best results for myself but I thought it's a good idea to ask for guidance from those who have similar/better background/experience as/than myself as well as others who might have tried already and hear the feedback first. What do you think? +I know ETH is very likely (if not obviously) going to increase long term, but I feel like a bit of a dunce ivesting so much at the ATH. Granted I know its unpredictable and better to invest when you can rather than wait, but as a first time inestor I wonder if theres something I missed? Appreciate any and all comments +Just filled bankruptcy at the age of 24. I have no career, a shitty job(waiter) and no friends. I also cry 3-4 times a week because how shitty my life is(I’m a man). I remember a woman asking me out on a date and I ghosted because I couldn’t afford to take her out. My car I have to return soon(included in bankruptcy) and I basically have 300$ to my name. I’ve been on my anxiety medication because the price was to expensive( 100$ a month). So I’m not right in the head right now. I don’t know what to do. I’m tired of it. I have no fight left anymore. +Good Morning Y’all. **This was meant to be part 5 of Intro to GME 103: Reg Sho rules.*** but due to recent circumstances I decided to fast track this DD. + +**TLDR: The split dividend, Reg Sho settlement rules and the glitches prove the shorts never closed. GameStop is still massively shorted** + +https://imgur.com/gallery/fq9WAxh + + +**I. Reg Sho recap** + +A. The only way to close a short share is for a long term holder to sale their shares. Otherwise institutional investors are playing hot potato with the short share. + +B. Reg Sho 203(b)(2)(ii) allows an exception of allowing up to 35 trade days for shares to settle, instead of the usual T+2, before they are marked as fails to delivers. + +C. Reg Sho 204 has a close out requirement for fail to delivers. The close out depends on whether the sale was marked a) long, b) short, or c) deemed to own. + + +**II. July 22, 2022 stock split dividend** + +A. For the stock split GameStop delivered shares to DTC to issue as dividend. The DTC issued the shares to brokers it had registered as owning GameStop shares. The brokers which often use internalization to keep shares on their books then delivered the shares to stockholders. + +B. **So what mechanism did the brokers who were internalizing trades use to balance their books?** + +July 6, 2022 the stock split was announced. There was a furry of shares traded between July 7, 2022 and July 22, 2022. Enough time and shares traded that investors could accumulate stock by July 22, 2022 to be considered “deemed to own” when the stock dividend was issued and their sales could qualify as long sales. Thus only requiring a portion of pre-split shares when the outstanding shares were 76 million. + +So on July 22, 2022 the brokers shorted the stock split dividend to provide the dividend to all their customers. As they prepared before hand they were able to report the stock dividend as a “long sale” for purpose of Reg Sho. 35 trade days after July 22, 2022 is September 12, 2022. The shares needed to settle by September 12, 2022 or be marked as FTDs. + +No shares of GameStop failed to deliver on September 12, 2022. No shares of XRT failed to deliver on September 12, 2022. It is extremely unusual that not a single share failed to deliver on those dates. The brokers covered, by buying an equity or finding borrowable shares, to prevent a fail to deliver. The reported volume of GME on September 12, 2022 was 6,175,200, so the shares were not bought. This means the brokers found a counter party to short the shares to them. + +C. **So, how were the shares covered?** + +September 12, 2022 was the day 2025 equity and ETP leaps (long dated expiration options) were added. So the new leaps could have been bought by the broker to cover before the sale became a fail to deliver, leaving the short open. But honestly any call options would be enough to cover the fail to deliver. + +This causes two reactions: + +1. With the calls the broker has bought they have hedged the position so the short remains open and their customers keep their dividend shares. They do not need to exercise the calls, it could be a synthetic long. + +2. The options market maker now holds a short as well since they maybe asked to deliver on the contract. The sale of the contract was a “long sale” as most market makers keep many shares/calls at their disposal to hedge. + + +Now the options market maker has up to 35 days to cover or risk failing to deliver. They may cover by borrowing shares to enter into a short position, which does not have to be reported, or buy shares. 35 trading days from September 12, 2022 is October 31, 2022. + +On October 27, 2022 Ortex reported a [massive spike in shares borrowed](https://twitter.com/ortex/status/1585716589919277056?s=46&t=4nq3fFOY1CMqVzYLpxykuQ), shares borrowed for GME were 115.52 million by the end of the day. Someone borrowed over [115 million](https://www.reddit.com/r/Superstonk/comments/yfnkal/what_happened_yesterday_1027_is_just_cohencidence/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) to cover a short to prevent a FTD. Ortex eventually made a statement that the trading desk that gave them the information erroneously reported it and it was a [glitch that it was viewable](https://www.reddit.com/r/Superstonk/comments/yor0gy/the_borrowed_shares_we_saw_from_ortex_are_real/?utm_source=share&utm_medium=ios_app&utm_name=iossmf). 🤡 + +Apes have made many theories on the origin of these shares. The one I find most compelling is that it was used to cover a FTD for [another trade](https://www.reddit.com/r/Superstonk/comments/yf8ulq/the_4_main_reasons_that_a_stock_may_be_borrowed/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) as in this case the trade occurred July 22, 2022. But who actually traded over 115 million shares. One ape makes a compelling case that it was a prime-broker using [synthetic prime brokerage accounts](https://www.reddit.com/r/Superstonk/comments/ypqcku/synthetic_prime_brokerages_ortex_borrows_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf). + +None the less on October 31, 2022 GME price went “parabolic” as previously reported the day prior. 24 million shares traded that day. + +On December 2, 2022 GME “glitched” and reported a [459 million volume close](https://www.reddit.com/r/Superstonk/comments/zbaq9j/was_hesitant_to_post_this_cuz_its_basically_a/?utm_source=share&utm_medium=ios_app&utm_name=iossmf). That’s almost 4 times the amount of 115 million. This means 115 million pre-split shares borrowed finally settled on C+35 (deemed to own) plus T+2 (market makers have an additional T+3) from October 27, 2022. + +**C. What about the 24 million shares from October 31, 2022?** + +There’s six possibilities: +1. On C+35 (December 5, 2022) from October 31, 2022 we see a run of up to 96 million shares. +2. On C+35 plus up to T+3 (December 8, 2022) a market maker covers and we see a run of up to 96 million shares. +3. Potato is passed around again and is bought in on T+35 December 20. +4. Potato gets passed around again until T+70. February 10, 2023. +5. Further share borrowing. +6. A combination of the 5 above to distribute the 96 million shares at a time when the volume is very dry. + +Edit 1 to update T+70 date for correct year. + +Edit 2 to make clear that the 555 million (459 million + 96 million) shares shorted are the lowest estimate of shorted shares in existence. + +This information likely came from one or two trading desks (if different sources for each glitch). We don’t know the exact number of shorts that other prime brokers may hold as they didn’t accidentally provide the numbers to a third party. +I don't understand the phycology of people, yesterday and today we had countless posts about squid game, everyone super worried with good reason because a scam is a scam and those responsable should me pointed out. + +But after the Shiba frenzy there has been this project called AnubisDao on ETH, it was a cute dog page that they promised it would have the mechanics of OlympusDAO. It had several famous devs involved and they managed to collect 13000 ETH or $60million aprox, they rugged everyone taking all the funds out of the contract. And now inside that team they are pointing fingers between each other and no one knows where the funds are. This happened 3-2 days ago. + +What surprises me is that this was a rug where famous devs have been involved and no one is talking about. "DYOR" "you should put your money on people that has been proved right before" "trust on respetable people, not on randoms" etc etc...in this case it has also been proven wrong, and 30 times the amount of SquidDao have been stolen. + +Crypto is a dangerous space, random projects that tells you in your face that you cannot sell your funds (basically telling you I'm gonna steal from you), or others that seem like a good bet but they fk you up anyways. + +Stay safu. +I ran into some issues with Revolut more than 2 months ago. They suspended my accout temporarely, and didn't give me any clue why. After barely being able to get in touch with the crappy costumer support trought the in app chat(every other features where disabled, the app directly sent me to the support chat section). In my first attempt to talk with them, every time I had a question I got a response from different person and it wasn't a straightforward one, all the answears where vague, and they didn't have a clue about the timeframe period in which they'll be able to give me some proper info about my account, and why was suspended. It passed over 2 months now, and still didn't solve the issue. After I sent them a message that I will do all that stays in my power to make them lose as much new costumers as they can, only by raising awerness about they're good for nothing services and virtually no support at all. They sent me a message in chat, that says they disolved my contract with revolut and they will give me a 60 days after I got this message, to access all my funds that I have so I can transfer them to my other account. I WAS THRILLED. + +I taught "Perfect, finnally I can get my money back", but no, it wasn't so, I tried to log in to the app so I can transfer the funds, but no success, it still sent me to the chat section where I had to open yet again a new chat with a bot, and wait for another day, and write several messages 'till I got in touch with a support team member. He sent me a vague message saying sorry, and that he will put me in touch with somebody who can actually help me. And that's all. I'm still waithing for them to grant me the accees and respond to my messages. +Greetings Everyone. + +I have been looking for lockers in various banks. So far I have visited 4 banks, Pune: + +1. ICICI +2. KOTAK +3. INDUSIND +4. HDFC + +To my surprise everyone is kind of forcing me to either open FD or take some kind of ULIP plan to avail discount. Otherwise on a flat rate lockers are priced at 5000 to 10000 + GST per year. + +ICICI wants me to make 25k fd + a ULIP plan of undisclosed amount and 5.5k small locker. These guys were least interested as a bank to get me on board despite having a bank account. + +Indusind, where I have an account, wants me to either put 10L fd or 2L min balance account to avail free locker. Other wise 1L min bal to avail 50% discount. + +Kotak 20k Fd + flat rate of 3k per year, small locker. This one sounded most reasonable of all. But availablity after 2 months. + +HDFC has most simple terms. No discount thing, just have 25k fd and flat rate. + + +I would like to hear some suggestions and experiences from the group. Also what is so special about ULIP plans that banks are always behind my ass to sell it to me. They managed to sell it to my wife saying it's the best investment instrument, better than MFs bla bla bla. Because of the way they are selling it I have stayed away from ULIP plans. + + + + +**Update 8/10/21:** + +Few more banks visited, and finally going ahead with Canara Bank. It needs min balance of 1000 rs and just 20k fd. Locker is 2000+gst. This is the cheapest I found so far. Surprised to find so easy and straightforward bank folks and process. + +About other banks... + +Axis: 75k minimum balance or 3L FD. 4200 locker charge. + +Idbi: some plan where they want me to invest 50k every year for next 10 years. + +Federal Bank: 50k min balance and some fds and investments, confusing as hell. + +SBI: Not kidding, I visited 4 branches. 2 out of them don't host lockers and 2 were on lunch time. Lunch times were different at both places. I guess the memes are true about them. + +Yes Bank: Worst of all. Expected. 25L, yes 25lakhs, minimum balance account or bunch of asshead investments close to 15 lakhs over 5 to 7 years along with fd and stuff. Basically it was confusing and predatory at the same time. + + +Thank you everyone for wonderful suggestions. Hope this post helps others in future. +I'm looking at a rental house listing that doesn't allow German Shepherd, Doberman, Chow, Rottweiler, Akita, American Staffordshire Terrier, Pit Bull, Presa Canario, Great Dane, or Wolf Hybrid dogs because of the insurance policy. + +Is this evidence based policy? Have those breeds actually been shown to be significantly more dangerous? + +If these breeds of dog aren't actually more dangerous, then are the insurance companies acting irrationally? Would it be more profitable to allow them? +Hi Guys + +what careers can i get into with an econ degree and i graduate in 2022?? + +I was mostly told I can become an economist in a business or in the government but that sounds very limiting . Some people said you can be a data analyst but it only seems companies look for people with an IT or CS degree for data analyst jobs + +What careers can i go into and what are you doing with you Econ degree? +#TLDR: JP Morgan statement seems sus, strong possibility of a fake squeeze over the Christmas period. + +So I’m guessing the majority of you have seen the CNBC statement from JP Morgan regarding a short squeeze towards year end into January. + +Here it is: https://www.reddit.com/r/Superstonk/comments/rim08q/just_on_cnbc_by_jpmorgan/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf + + +Seems bullish right? Well, how about we just remember who’s mouth this has come out of. + +Do you really think they’d just announce that after the whole shit storm that we’ve seen for the past 11 months? All the money spent on propaganda, for them to just throw it all away like that? + +I speculate that this is all part of the master plan. The plan that they think is foolproof, the plan that would work on anyone. + +#EXCEPT US + +Christmas is the most expensive time of the year. Everyone needs money and they know a lot of us (individuals who like the stock) have the majority, if not all of our money invested. What better time to fake a squeeze right? Try to shake the desperate ones off at levels around 1k for example. + +The fake squeeze has been predicted by alot of people for a while now as it doesn’t seem logical not to do it. Why just let it squeeze without trying a fake one? + +While everyone is with their families over the Christmas period, why not let GameStop run a little to get you excited? You’re on the edge of being rich and your family are there begging you to sell. Some people would cave. BUT NOT US. + +#They will try everything. Stay zen. HODL TILL PHONE NUMBERS. HEDGIES R FUK. + +Not financial advice. + +Update: Since this post has gained traction, I’d like to emphasise that 1k is a random guess, could be 400 could be 500, I don’t know. Just stating this as there’s lots of posts about it hitting 1k and coming back down. I am not a time traveller lol. Also there could be no fake squeeze. This post is pure speculation (see flair) +My mother passed away on 11/21. She had been sick for quite awhile. My wife and I just found out we were expecting and my mother was so excited, as were we. Understandably, we had to take several days off to mourn this loss. Neither my job (small company) or hers (large hospital but she’s classed as PRN) provide any type of bereavement leave so now we’re two paychecks behind and I have no idea how we come out of this and still be able to have a Christmas. + +As if losing my mother wasn’t enough, this shitty society kicks lower class families while they’re down. I mean what do you even do at this point? +Hi All - Sorry if the title sounds asking, I wanted to get right to the point to get the attention of my target audience and not waste anyone else's time. + +I am looking to get some(or a lot of) motivation and learnings in RE Investing and hoping all the W2 earners making progress towards the dream of FI can help me. + +I know you all have limited time so I really appreciate you paying it forward and I hope I can be helpful by sharing the synthesis of all my learnings in the very near future. + +Just to break it down, looking for simple answers to the two questions below :) + +1. What is your cash flow income per month right now? Gross rental income - expenses(Principal, Interest + Insurance + taxes + Utilities + Vacancy + Property Management + Capex + Maintenance Repairs) + +2. How long did it take for you to get here? :) + +3. At what passive income, would you be in a position to quit your full-time job (if you wanted to)and still maintain your lifestyle? :) + +Just to give an example to make your life easier, your answer could be as simple as + +*1) $3.7k per month* + +*2) 3 years* + +*3) $8k per month* + +Hope you all are having a great memorial day! :) +*UAE + IoT* +So remember how the UAE announced that apart of their Smart City initiative, they passed a law that every government transaction will occur on the blockchain by 2020. (Consensys being a strategic advisor... making the prospect of Ethereum-flavored blockchain more likely) + +*UAE + Consensys* +Dec 2016 - UAE had a [Blockchain hackathon](http://blockchainvirtualgovhack.com), which was sponsored by Consensys, Microsoft, along with others... + +*Ethereum + IoT + Tesla* +Jan 2017 - Announced that 1st prize went to [Project Oaken](https://www.projectoaken.com) combining IoT hardware + Tesla smart car software to "pay tolls" automatically using Ethereum smart contracts... + +*UAE + Tesla* +Feb 13, 2017 - Dubai's RTA (Road and Transport Authority) announced they were purchasing 200 Teslas (with autonomous driving) for their taxi fleet, as part of their Dubai Smart Autonomous Mobility Strategy of having 25% of total journeys using self-driving vehicles by 2030. + +So there's been a lot of speculation on Elon Musk joining EEA, thx to all the commotion riled up by Time Traveler. So I gathered all the breadcrumbs for you guys. Ill let you connect the dots... + +(also blockchain is literally the only futuristic venture Elon does not currently have a stake in.. hmmmm??)... + +Sources: +https://www.ethnews.com/ethereum-wins-big-at-dubai-blockchain-hackathon +https://www.ethnews.com/project-oaken-puts-a-tesla-on-the-blockchain +I have a dual-income house with two young kids in daycare; time is a precious commodity these days. I don't want to spend time shopping, food prep, toy tidying, laundry, dinner cleanup, etc. + +Most people I know in a similar situation either have a nanny, or else a stay at home parent, who focuses on the household work. However, we really like our daycare, and neither of us is ready to take a break from our careers. + +What we tried so far is hiring a "mother's helper", someone to come 4-7:30, who does laundry and other house chores until the kids come home, then helps with dinner, then eats with us, and finally helps with kitchen cleanup. This worked okay-ish. The problem is, it takes away from family time a bit, because there is an extra person there. I guess we could ask them to hide while we eat together, but it feels weird too for other reasons. Haven't tried it that way. But if they don't stay for dinner, then we don't get help with the post-dinner cleanup. + +Is anyone else in a similar situation? How have you arranged help? Or, any other tips for automating busy-work? +Total noob here, and I must confess also totally blinded by monetary needs. + +A little background first. Currently working in one of those shiitty soul-sucking 9-5 jobs for a pay of measly 15k a month, while watching people doing less than me getting twice as much, just makes me wanna give up. Covid wasn't really kind for me, and currently I'm finding it hard to make end meet with what I earn, also have a family to feed. Have somehow managed to save up a few bucks over working for 3 years, and afraid I'll start depleting it soon. + +I'm definitely missing a lot in my (very conservative) calculations, but I was wondering if I were to engage in intraday practice with a capital of about 50k, gaining on average 1% RoI per day for a month, that should net me a month's equivalent of salary ? I'll still be in the same financial stress, but I least I could save a bit of my soul by resigning. + +---- + +I've begun researching since a week. Here's how I plan to trade : + +* Select about 10 stocks with respectable per day volume trade. +* Buy those daily, ofcourse, with stop-loss set at negative 0.5%. +* Hold if they rise, ofcourse, till 1% gain. +* After and if they've already gained 1%, sell them if they ever drop by 0.5%. (I've come across a term 'trailing stop-loss', and guessing this is what it means.) + +---- + +#####Here's my other unorganised thoughts : + +* Sometimes some stocks should be going beyond 1% gains. +* Even if I make a 100% red trades, per day whole month. I stand to lose 7.5k worth of capital + trading charges + losses for orders not executing on time for whatever reason. A hefty amount, but what I'm willing to risk. +* Optimistically, the above should minimise my losses and help me towards crossing that 1% barrier. +* I do have my wits and fully trust them. Actually it's only my wits that I have. I'm fully committed to make this work, whatever it takes. +* What trading platform would give the most reliable intraday trading experience. Thinking of going with Zerodha, even though this sub generally disagrees with using Z for this kind of operation. Chose Z only because this sub doesn't seem to have a favorite for intraday activities. +* Had a few more things on my mind, but can't recollect them right now. +* Oh yeah, and I'm using Varsity to educate myself better, plan on cleaning up my entire twitter/youtube feed and refilling it with just investment/finance related contents. As a means to immerse myself. +* Will be going all-in not before I get a good grasp on technical analysis, will be trading with low 2-5k capital meanwhile. With the first objective to not lose it all, and second objective to realise 1% goal for 2 months straight before I start pumping in more cash up till 50k *~~hopefully and possibly beyond~~*. + +I'm here for a second opinion. Looking for stuff I overlooked. + +Tl;dr : Title ! + +TIA + +----- + +###Update 1 : + +So, this post was flagged by automod and wasn't visible on the sub when I posted. Probably a real mod approved it later (thanks!). Which is why I wasn't here checking up the comments, came here just now to repost this and just to see that I've already been well advised. I'll be going through the comments in few hours after I get back home. Thank you to everyone that participated. + +On a glance, I've saw a comment I'll like to address : I've already considered that fact that if it were so easy, everyone would be doing it. Therefore, this argument doesn't really change anything in my thought process. Should've made this comment under the list of my unorganised thoughts. + +And to another comment that goes something like : 90% people lose money in intraday : Well what's stopping me from belonging in the other 10% ? That's what I actually came here to know. + +Will be reading the rest of the comments in details in some time. Thankyou once again. +Sorry for the dumb question, but I'm unable to find any sort of explanation for the usual "out of thin air" answer that holds up to any scrutiny. The only type of bank I'm aware that can do this is Central Bank (by willing an account with some amount into existence) and they can do it infinite amount of times as they cannot go bankrupt (as opposed to commercial banks). So how do the commercial banks also create money out of thin air other than in the end that money being created by CB or increasing their capital through magic (ie rise in market price of shares in their ownership). +I am currently living with my parents whom I pay a rent to. + +The rent is about £300 a month. I'm looking at £80k-£90k properties which would mean £300 or so per month to a bank if I were to mortgage as well. + +Should I buy a property right now or should I wait? + +The way I see it, my options are: + +1. Save up. + +2. Buy a house and live in it. + +3. Buy a house and let it out until I get kicked out of my parents house. + +Which options would make the most sense? + +My main concern with option #1 is I can't buy a house for the same amount of money 6 years later. + +My main concern with option #2 is that it may cost a lot in terms of property maintenance. + +My main concern with option #3 is that the rental income may not cover property maintenance costs. I don't really care whether the rental income covers the mortgage or not though. +I have seen some great advice on tax strategies on this sub! But I didn't know if somebody created a sub specifically for this topic. + +OR if reddit is not the best place to discuss, where would you recommend? + +I really enjoy reading about Tax Strategies. I am in the USA and it is interesting what high earners have done. + + +EDIT: After seeing that there is no good sub by your replies... I created a sub: r/AdvancedTaxStrategies +Financial Times reports: [China tells citizens to stockpile food as "Covid controls are tightened"](https://www.ft.com/content/f3f0414f-97a2-4c5a-8a7d-da9e0e91d892). + +Saw this just now on belgian national media. So I went on to look for other news outlets, and lo and behold FT is reporting the same thing. + +Anyone know the latest news on Evergrande? Weren't they supposed to enter formal default this week? + +Something big is brewing guys. Hold on to your tits. + + +Edit: Guys don't focus on the Covid part, it's just part of the title. Pay attention to the fact that the government wants its citizens to stockpile food. Pretty scary if you ask me. +Hi OzFinance... + +My question is, + +**How many people here would have a kid or more kids if their finances were better?** + +\*\*I believe more couples are planning to delay having kids if not potentially not having kids due to current economic situations. As we all know population growth is what every Government want's for a future growing economy but right now population is decreasing and we can see this happening globally "I wonder why"... I honestly believe that some incentive handout will occur in the near future for example "Baby Maker Handout" make a kid and you will receive a "$10,000" bonus. Just thoughts... +If you and your SHF buddies were short GME to an *absurd* degree and you've illegally coordinated with them to suppress the price (and continue to) while being at the center of SEC and possibly DOJ investigations, you'd want the chart to look the way it does since early June. + +You and your buddies might have learned that the tricks you've employed for over a decade don't work on GME anymore. No more stop-loss hunting, no more spoofing, and no more bullshit news stories about GME being a dying brick and mortar store. + +Your only hope is to slowly, painstakingly, and continously short GME with the last bit of breathing room GMEs 5 million share offering gave you and your buddies. You might make a little money in the process, but what's a few million barely profitable shorts compared to the hundreds of millions of shares that will eventually need to be bought back. + +This will be the last chance to get the price as low as possible in the most organic-looking way possible before GME reveals its crypto plans - you and your buddies death knell. + +However, your approach doesn't solve the biggest issue you've had all along...the lower the price is, the more that individual investors will buy-in. + +edit: +u/fiery_chicken_parm has a great point in one of the comments + +"If I held a bunch of GME shorts right now, I'd be terrified of tanking the price. I'd also be terrified of a spike. Both of these scenarios can trigger FOMO buying." +I've been living in Germany for two years and I'm at the end of my master degree in information systems + management. During my studies I've been working part time in the IT department of a big manufacturing company for a year and a half, however once graduated I would like to start my career in consulting as I think it can offer better growth opportunities. Yesterday I had an interview for a data analytics consultant position in a Big4 and I was told that the gross salary would be about 48K, while from what I was able to understand a large company would pay about 10K more for a similar position. The job seems very interesting and I have no doubt that it offers excellent development opportunities (according to the contract you can also take courses and do certifications paid by the company for 4 weeks a year), but I wonder if this difference in salary is not too much and if starting in consulting under these conditions can really be a good decision in the long run. +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. +So long story short, due to the pandemic cancelling my plans of going to Japan for the Olympics this year, I have roughly l +an extra £1000 which I have saved up (it's a little bit more than that but I put the rest into my savings). + +Now I could do the standard things of putting it all into savings or treating myself to a few nice things, but instead I've decided I want to invest it. In my budgeting plan it is risk free money for me as I had originally planned to put it towards a holiday which I don't intend to go on anymore. With my savings interest at 0.01% as well, putting it into savings will just be dead money. + +The issue is, I am literally so confused as to how stocks and shares work. I've been buying and selling cryptocurrencies for a few years so I'm used to that side of things but it's more just how to actually be able to buy stocks. + +From what I understand I need a stocks and shares ISA. How do I open this? Would I be able to open it if I'm still a university student? Is £1000 enough to open an account? + +From there, I've heard you then may need someone to actually manage your shares. Is this really necessary? I've seen some banks literally just work like a standard ISA but then let you "risk" your money to varying degrees. + +It's just these basic initial steps that are confusing me as the information online is so convoluted. I just need someone to explain the process simply to me. + +Thank you! + + +Edit: thanks for all the help! I kinda went to sleep just after I posted this and was shocked to see how many people had replied! +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. +I was reading [this news article](https://www.5paisa.com/blog/reduction-in-number-of-weekly-bank-nifty-contracts). I know that there are weekly options and monthly options. But I don't understand where did this number 7 come from. 5Paisa page has tried to explain it by listing the options from December to February but I didn't understand the rationale behind choosing that time period. Could anyone please explain? +Basically the title. The biggest concern for retail investors is: what if the system doesn't play fair during MOASS? I often hear an argument that if the government interferes during MOASS, then the entire world will lose faith in American markets and this will lead to bigger problems for the status quo. My counter-argument here would be that no system will enforce rules and laws that lead to its own destruction. Moreover, the current people at the top are scums of the highest order. They will not shy away from sinking the ship if they can no longer be the captain of the ship. By the time good people take the reins of SEC, DTC, DOJ, etc. it might already be too late. + +Let me start with some assumptions: + +1) Paperhands have taken their profits and this has caused a few SHFs to go under. + +2) Shady retail brokers have gone under. Retail investors at these brokers have received some tiny insurance money in exchange for their priceless assets, which they should have ideally DRSed. + +3) All remaining entities on the short side of the bet (large SHFs, large brokers, Market Makers, Prime Brokers, Clearing Houses, DTC etc.) have been liquidated, but there isn't enough money in the pot to buy back all counterfeit shares. + +Let's say the government steps in and forcibly buys back all DTC shares (legit or counterfeit) at 100k per share. I am using 100k because 100k * 100M = 10 trillion, which seems like a number that would cause a lot of social unrest. + +It is obvious that GameStop would leave DTC after this. There will only be two kinds of shares remaining: + +(1) DRSed shares at ComputerShare (owned primarily by retail and company insiders); and + +(2) DTC shares that are fully owned by the government. + + +What happens next? + +**The price of DRSed GME shares will shoot up by at least 10x** + + +Why? Because the stock would then be seen as a *store of value* play. + +If there's one thing wealthy people don't like is when government uses its overreach to assign a value to an asset and forces a sale on it. They fear that their wealth will be taken away arbitrarily, so they will want to invest in an asset which can no longer be fucked with. Having lost faith in DTC, they will be looking for decentralized exchanges, for instance. + +If you think that the above scenario is too extreme and is not possible, then I have some bad news for you. The US government used Executive Order 6102 to seize almost all gold from its citizens back in 1933 during The Great Depression. See the wiki page for more details: https://en.wikipedia.org/wiki/Executive_Order_6102 + + +Coming back to GME, if the government interferes with MOASS, then it is pretty much a guarantee that there will be a huge demand to buy all remaining DTC shares through ComputerShare, and this will drive up the price insanely. The proceeds of these DTC -> CS sales will go to the US government, which they will use to soften the blow from the forced buyback that they did earlier. The primary buyers of the remaining shares at ComputerShare will be semi-rich apes (whose DTC shares were force sold) and some rich fucks who have a lot of money sitting around. It would be near impossible for a FOMO retail investor to join the party simply because they will be priced out. As soon as DTC shares get exhausted, GameStop will move the stock to a decentralized exchange that they own. + +**Moral of the story** +No matter what happens in the future, your DRSed shares are not only safer than DTC shares, they might actually be more valuable. + + +---------- +My choice of using the number 100k per share is guaranteed to annoy many of you. I stand by it because I don't like counting on the government to do the right thing. I was initially thinking of using 10k per share, but then was like - America's reputation as a "free market" is definitely worth at least 10 trillion. + +Also Mods, can I please have the flair "Wet Blanket Ape"? Lately I have been getting called a shill for my negative posts, so wearing this flair should ease some tensions. Also, I strongly believe that the sub needs some cautious optimism to keep expectations in check. + +Edit 1: someone questioned me why I don't fully believe in MOASS. I currently place a >99% faith in MOASS. I am leaving a tiny gap just to be open to new information. We have popcorn apes who fully believe that their stock is gonna MOASS, while we know that it's a trap. I don't wanna be like a popcorn ape. +I see people saying to "do your DD" (due diligence) about stocks all the time, but I never see anyone say much about how they do theirs. + +What do you do to research your stocks? + +What are your criteria for a good investment? + +Do you have any links to guides about this that you would consider definitive? +How long does it take for you to get a credit score after getting a credit card? + +I just got a credit card today but I can't use cred since I don't have a credit score. I'm wondering how long it takes for a credit score to show up + +The main reason is that I want to pay my credit card bill with cred and was wondering when it would generate? +I listen to several REI podcasts and recently heard someone call them out saying that the reason they are peddling their podcasts, master classes, books, and whatever else, is because they actually haven't been able to build much wealth through REI. It got me thinking. + +Has REI been successful for you? Has it simply been a small additional income to continue living your life comfortably, or has it actually been a huge income that's increased your life to a life of luxury? +I am already down don’t keep kicking me down. + +Anyway I learned from my mistakes and will ensure it never happens again by hedging and position sizing. + +I have a very small account left now and was wondering if trading options that expire at the end of December was a a good idea instead of day trading. + +Let’s say I buy 1 x PLTR at the strike money call +Option for Expiry in December and sell it after it rises few dollars in a week or two. + +I was thinking about day trading shares but it seems as I would have to constantly guess short term price action which is harder then swing trading. + +How would theta affect me if I plan to hold ATM strike only for a week or two and sell them after as soon as price moves in my direction. + +Thank you for taking time to respond and let me know if this strategy is okay or not. I don’t plan to trade more then 1 or 2 calls per ticker at a time and diversify between different sectors/tickers. + +The goal of buying options is to tie up less equity at any given time. +i realize this is my own bias, don't think I'm a prophet or anything, but all my friends/fam are saying they are going to party/travel/indulge when all this is over. Wouldn't it be smart to invest in like booze companies right now? Or travel/entertainment etc... Obviously no one knows for sure but seems like a smart move. +Hi all, so im coming on here to see if i can get as much help/advice as possible. I want to get my finances straightened up and get on a budget plan. Im currently making $70k in my sales job. I own a home i purchased in 2019 for $256k in central california. My home is currently valued at $410k. I have 23k in my 401k account with my employer. I take home $2k bi weekly. Both my credit cards are also maxed out. I was never taught about finance nor did a lot of learning myself. + +List of expenses/bills + +Mortgage: Monthly $1,657 @ 3.25% interest +Security Camera: $61/month +Credit card #1: $500 limit @ 9% interest +Credit card #2: $500 limit at @7% interest +Solar: $72/month +Personal loan #1: Balance $6,906 @ $290/month +Personal loan #2: Balance $5,685 @ $174/month +Car payment: Balance $9,286 @ $247/month +Phone bill: $195/month +Car insurance: $130/month +Gas: $60/week + +Total: $2,994 a month. + +I want help on how to better attack my bills and get out of this hole. Im hoping someone can help me lead the way to success and change my mentality. Any help will be much appreciated thank you. +BitGay is the first BSC-based donation platform that benefits LGBT charities. It spiked up to a market cap of a few million shortly after release, but has since cooled off significantly so is a great entry point. At only a $300k market cap, there is a LOT of room to grow while supporting a great cause. Liquidity is locked and smart contract passed an external audit. + +BitGay has just completed their second donation that was sent to the Transgender Legal Defense & Education Fund whose mission is to end discrimination and achieve equality for transgender people: twitter.com/TLDEF/status/1390403741648556036 + +🤲 $10,000 donation To LA LGBT Center + +🎀 $12,000 donation To Transgender Legal Defense & Education Fund + +🤝 Official partnership with LA LGBT center and interview for their magazine in process + +Token info: 💵 Low market cap $1M + +👥 3,000 holders + +🔥 Weekly burns! + +📈 Blockfolio listing + +✅ CMC and Coingecko listing soon + +🎁 5% Token redistribution, 5% to liquidity + +🔷 Passed TechRate security audit: twitter.com/bitgaycrypto/status/1388143769879449600?s=21 + +🔒 Rug safe 100%. Liquidity locked for 100 years: https://dxsale.app/app/pages/dxlockview?id=0&add=0x6D8c7feBDc4ab670b62346D9c0407F4e637bF195&type=lplock&chain=BSC + +🦄 $22,000 donated so far and more to come! https://etherscan.io/tx/0x2be2f3ac911b31d655e7847e0008404d1333544fdb07fbea82ae5edb78e393b1 + +💳 Contract address: 0x98fc5b3a39d712fa5a826df4f9c47bb6c0f6f8a9 + +🔸 BSC Scan https://bscscan.com/address/0x98fc5B3a39D712Fa5a826Df4F9c47Bb6c0F6F8a9 + +🌎 WEBSITE http://bitgay.org + +📱 TELEGRAM https://t.me/bitgayofficial + +🎤 Discord https://discord.gg/Fx88nUVc + +💬 Reddit https://www.reddit.com/r/BitGay/ + +🛒 Buy (11-12% Slippage) https://v1exchange.pancakeswap.finance/#/swap?inputCurrency=0x98fc5B3a39D712Fa5a826Df4F9c47Bb6c0F6F8a9 +Hi everyone - huge bitcoin supporter here. I spend a lot of my time debating over in the other subreddit with BCH supporters because I believe BCH is a poor idea that is eventually going to lead to centralization, which Bitcoin can never succumb to. + +Over the past year, as bitcoin has become mainstream, we have all witnessed the price skyrocket and have all, in my opinion, become blinded by it. Bitcoin's has a MAJOR issue right now. Simply, day by day, wallets that have less than the minimum amount of satoshi/byte fee that will get a confirm in them are essentially useless/worthless. Also, any form of commerce for bitcoin is essentially impractical now. I was absolutely alarmed when in an interview, Jimmy Song was forced to answer what he would use as "currency" if he had to use it for an online transaction, and he said "Visa". I immediately realized just how absurd and hard headed the bitcoin community has become in this blocksize debate. People would rather push others wanting to purchase things online with Visa than to improve bitcoin immediately. My main issue with the current state of affairs in bitcoin is that we have lots of people offering us promises, but no immediately solutions. LN has been talked about for years now. So, what are we supposed to do... sit around and HOPE LN is immediately adopted when it comes out and everyone starts using it for low/no fees? I think.... no I KNOW one day it will be adopted, basically making all other cryptos obsolete. However, how far off is this? 1, 2, 3, 4 years? Nobody knows. But in the immediate/short future, what is the bitcoin community supposed to do? Sit around and pretend that $10 fees to make a simple transaction are OK? What happens if other cryptos decide to fill in that vacuum while we sat around waiting for LN, which by the way is not guaranteed to fix this fee issue. Even with LN, most smart people agree that at some point Bitcoin HAS to increase the blocksize. On LN, you still have to be opening/closing channels, plus people are always going to want to use the main blockchain to do transactions for maximum security. + +I think it's time the community backs a blocksize increase. We KNOW it has to happen at some point, so why not now? Bitcoin is in a very desperate place. Don't be fooled by this massive price spike. We have to make some serious decisions about what we are gonna do now to fix this. Sit around and wait for LN, or do the inevitable now, and increase the blocksize to 2mb. I'm officially putting my vote in for an immediate blocksize increase to 2mb. + +Discuss and please keep it civil. +This isnt some place where we pick stocks to squeeze it never was that and can never be that, GME is a BLUE MOON EVENT in the stock market, so fuck off with these posts about “yeeeooooooo guuuaays whats the next squeeze boyyyys” because fuck off its not happening. WSB is magical but its not fucking magical. + +I love everyone joining WSB, the more autists we have the more chance for diamond DD, but stfu we historically lose money here GUH! + +Oh and if youre new to stocks consider learning at least fucking something about it before posting here holy fuck go watch a youtube video its so damn easy. +Thats like trying to fucking post on bodybuilding.com without ever going to the gym you autist. + + +Tldr: if ur a new account please use the fucking search bar and dont ask for advice this is a goddamn Wendy’s not a “decentralized hedge fund” + +Edit: Gatekeeping is for pussies and we all deserve a cut of the action, just telling you that not all DD you will see here plays out like this. Many are actually losing bets that we have all paid wallstreet tuition to. + +The true art of wallstreet bets is filtering out the bad DD and hindsight is 20/20 + +Double Edit for the super autists: + + Lets avoid having a commie witch hunt on this sub please. Reddit has this amazing feature of clicking on the fucking dudes profile where u can see if we are autistic or hedge fund + +Triple Edit for the hedgecommie accuser trolls: if this bitch GME hits $2k, then I turn $1000 to 5.2 million cocksuckers and you bet im posting that gain porn. +32/ Married/ No kids. + +Current net worth is about $4.5 million. About $2.3m equity for owning two houses in HCOL (one fully paid off, the other one still has mortgage ). Live in one of them and rent the other one out -monthly rent/inflow is 6000. $1.6m investments and $600K in 401K and Roth IRA. Our household annual income is \~$800K and we have been saving 80% of our income over the past few years and put that into different investments. So our AUM will likely be above $5m by the end of this year. + +Planning to have kids soon so likely spending will be much higher. Also doing some research to start a company to do some side hustles which could hopefully help reduce taxes legally. + +My current spending is about $6000-7000 per month ($3500 mortgage, $300 in utilities/phone/internet, $1000 groceries, 300-400 $restaurants and $800-1500 in others) + +Usually what's the trigger point for you to think you are ready to fatFIRE? Any advice to me? Am I too concentrated in Real Estate? +Given inflation is on the rise, what are the best ETFs / Sectors to invest in for the short-term (6-12mo)? The talking heads stay to stay away from Tech / Growth. Are there sectors like Energy, Materials, or even Consumer Discretionary that will benefit from rising prices? +I originally posted this in the stocks subreddit but apparently this subreddit is a more suitable place to ask this question: + +I am currently looking to diversify my portfolio (96% MSCI all-world ETF 4% gold) and I am considering adding either ARKK or QQQ to represent around 16% of my portfolio. + +I looked at the holdings and the expense ratios but I was wondering what reddit's opinion is on deciding between these 2. +Arkk seems very risky in comparison; not only because of the 10% Tesla exposure. + +History has shown active funds underperform the index but then again; past performance does not guarantee future results. + +Thoughts? +https://www.cnbc.com/2020/07/09/weekly-jobless-claims.html + +Weekly jobless claims totaled 1.314 million, compared with the Dow Jones estimate of 1.39 million. + +The total was a decline of 99,000 from a week ago. + +Continuing claims fell to 18.06 million, a drop of 698,000. +Looking for smarter people than me. I subscribe to a newsletter that recommends dividend stocks for retirement. From reddit, found a site called [www.trackyourdividends.com](https://www.trackyourdividends.com), it allows you to create different portfolios and see what the current dividend income is and future value as well. + +If I go back through the newsletters' recommendations and pull the last 40 recommendations (removing any sell recommendations), then take my current retirement balance (\~$636k) and divvy it up between the 40 stocks (using todays prices), then use the future value to show me dividend income in 15 years (when I want to retire, well, when I CAN retire), it says I'd have $254k in annual dividend income. Trying to figure out if this is accurate or not. The 40 stocks are: + +WBA,NFG,UNM,GILD,T,MO,EPD,HBI,MMP,MCY,HRB,FRT,SUN,ABBV + +VZ,EIX,LAZ,NHI,OKE,MPLX,OGE,BEN,CAH,MTB,MSM,BTI,ORI,PM + +O,ADM,GPC,OZK,WEYS,PII,FL,IBM,SKT,UPS,CVX + +Looking for folks to poke holes in this, outside of having everything in only 40 stocks. I've played with having portions in SCHD or VTI but the numbers always come out much smaller. + +Thanks for your time. +$ATVI was trading at 64$ and yesterday on the news of $MSFT offer had a nice pop to $90+ before settling at around $82. $ATVI is trading down at $80-81 range. + +I am struggling to see why should one not buy $ATVI at this price with the MSFT offer price at $95 with 15-20% upside from here- regardless of the intrinsic value. + +Granted there are significant regulatory hurdles to go through - it will take time but what's the risk besides that? Arguably, it may even be available at a better price considering the bearish market we are in and the way stocks are trading? +I followed the steps of this video --> [https://www.youtube.com/watch?v=fd\_emLLzJnk&t=30s&ab\_channel=LearntoInvest-InvestorsGrow](https://www.youtube.com/watch?v=fd_emLLzJnk&t=30s&ab_channel=LearntoInvest-InvestorsGrow) + +&#x200B; + +My DCF Google Sheet --> [https://docs.google.com/spreadsheets/d/1q41YhXoloNWEDSnuGX-oDfJrb8RaqDHth4D8Y5LvjSY/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1q41YhXoloNWEDSnuGX-oDfJrb8RaqDHth4D8Y5LvjSY/edit?usp=sharing) + +&#x200B; + +&#x200B; + +Note numbers are in milions, used 10k and Yahoo Finance data. + +&#x200B; + +I think it might be due using too conservative net margin, FCF/Net income and revenue growth ratios? + +I think It's valuing like 5.8 P/E which is crazy, but considering my conservative estimates forecast a 22 milion in FCF drop, well makes a bit more sense. + +If someone could take a look, please. I don't know accountability and I'm a bit dumb. + +&#x200B; + +Thanks! + +&#x200B; + +PD: I'm playing modifying net income margin to 29% expected, and 89% FCF/Net income to 89%, and revenue growth for 2024 and 2025 at 15%. Still, values me the stock at 48 $. Wtf + +EDIT : I didn't calculate Terminal Value properly, not applying the perpetual growth. Now give value near 60 usd. If using more optimistic numbers, can easily climb to 98 usd, but this doesnt make much sense to me. I'll keep training and doing these, but as some said, too many assumptions. for deciding to buy or not, I'd rather look trend of revenues FCF, income and healthy balance sheet and then learn the business and try to figure out if it can sustain this growth, what company expects, new business opportinitoes or risks. And the consider valuation through multiples vs past. +And more importantly, what advice do you have for those of us here in our later 20s / early 30s and are high level IC / lower level people manager level? +So over at r/abrathatfits. We a while back I asked them about where I could find bra sizes that wasn't +45 bucks per bra. And they sent me over to https://lingerieoutletstore.co.uk/ + +I've ordered three times from them and the bras are great good quality and they hold up, my last order I got 5 bras for around 70 bucks. + +They do take a very long time to get to the US but they are worth waiting for at that price. (I do suggest playing a little more for the shipping. Cause that last order took a little over a month) +TL;DR: Owned Nissan Altima 5+ years, 100k+ miles... TCO: $0.39/mile + +I paid off my car loan in November 2017 and decided to see what the actual cost of the car was over the 5+ years that I've owned the vehicle. This was my first big purchase after starting my first job after college. I am an engineer and lived in a very low COL area when I purchased the car, yet gas was very expensive (rural upstate NY). [Here are some pictures to help you understand my explanation.](https://imgur.com/a/9Eo2T) + +**[EDIT]** if you look at the graph and chart linked above, you see that I have a KBB resale value of $9000 (as of 1/26/18) that I factor in to the equation. This is subtracted from the total amount spent and then divided by the total miles to get the TCO/mile + +**2013 Nissan Altima 2.5SL** +Purchased in Burlington, VT but registered in NY + +**Purchase Price & Financing** +Purchase price of the car was $24,349.82 after all of the applicable fees were added to the sticker price. I was very nervous having never bought a car before and was a little nervous negotiating, so I didn't do a very good job of getting the price down. (*Having bought a car with my wife in 2017, I was much more informed and negotiated a better trade-in value of her old car*) I put $4000 down after saving up for several months. Still living on a college student's budget but making engineering money allowed me to have a lot of expendable income that I stowed away to purchase the car. I had minimal credit, so I was given a 4.99% interest rate if I financed the car for 5 years through Nissan. *[EDIT: Payment was $384/mo for 60 months with some months paying extra]* + +* Purchase Price: $24,349.82 (after tax/tag/title/etc) +* Down Payment: $4,000 +* Interest Rate: 4.99% +* Loan Terms: 60 months +* Total Paid: $26,984.30 +* Interest Paid: $2,634.48 + + +**Gas** +Starting day one, I kept a Field Notes Traveling Salesman edition notebook in my center console and logged the date, mileage, $/gal and amount of gas every time that I filled up. Looking back on the graph, you really can see inflection points during some of my major life events (job changes, extended vacations, etc). + +* Total gas used: 4114.286 gal +* Total cost: $10,149.57 +* Avg $/gal: $2.50 +* Avg mpg: 26.2 + + +**Maintenance, Insurance, etc** +I have tried to be very strict with my preventative maintenance on the car so that I can drive it for a loooooong time. I have gotten oil changes every ~6000 miles (full synthetic) and tire rotations on a similar interval. I have had to buy 2 new sets of tires over the 108,000 miles in 5+ years which have included free rotation, balance and nail repair (shout out Discount Tire!). General consumables, I have replaced myself including brake pads, air filters, cabin air filters, broken interior door handle, wiper blades. + +I have had 2 minor non-warranty repairs done on the car over 5 years which were paid for out of pocket.They were: A/C fan clutch & related parts ($1205) and dent on the driver F & R doors from being backed in to ($1318). Having only 1 mechanical failure after 108,000 miles is pretty impressive. + +* Number of oil changes: 19 +* Oil change cost: $1086.90 +* General parts: $334.51 +* Repair - non-warranty: $2522.33 +* Tires: $1254.42 +* Insurance: $7319.71 +* Registration/Inspections: $1144.75 + + +Overall, the Total Cost of Ownership comes out to $42,301.44 (see [graphs](https://imgur.com/a/9Eo2T) for specifics) at time of writing with the odometer reading 108,657. This comes out to a **TCO/mile of $0.39**, which it significantly less than the IRS standard rate. I am happy with my purchase as it has been a very reliable car, **HOWEVER** I do not think that I will purchase a brand new car next time that I am in the market for a vehicle. + +Let me know what you think about my breakdown and my financial decision to buy a new car as a 22yr old individual. + +I've been a long time HODL'r, and by long time i mean two years, so not actually that long. I had a conversation with a friend last night, also a computer science major, and I reached a few conclusions that have led me to empty about 3/4 my position. + +1. I don't believe that the real utility of this technology is going to be realized as quickly as the new "dumb money" expects to make 10X. What I mean is that, while I am 100% on board with the tech and ideology, the new money that has flooded the market could care less. In my opinion, we have entered a period detached from fundamentals, where gains are derived from rampant speculation. There is obviously always speculation involved with markets, but it used to be speculation by people who at least understood the fundamental technology they were investing in. + +2. I think crypto at large is now driven almost entirely by market speculation rather than fundamentals. There are coins in the top 10 that don't even have a working product, which is mind-boggling to me. Obviously ETH is more legitimate, but I'd be fooling myself if I thought that ETH didn't inherit at least some of that rampant speculation. + +3. Before crypto gets where I want it to be, there will be push-back from nation states. I believe this tech has the ability to change the way human beings create and interact with markets all over the world, but that will come as a threat to the current system which will work to hinder mass adoption. Casual investors will be deterred. + +Anyways, I'm sure there are holes in my arguments, which I would be more than willing to hear about. I'm not an economist, I just got really lucky by investing in this shit early. I'm holding onto 25% because I believe in the tech, and I sprinkled about 10K over random shitcoins because it's pure gambling with house money. +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. +At least those people whose opinions you value. + +Vaguely coherent gift rant: My sister just sent me a gift idea for my grandma. It's a personalized fingerprint necklace. But the thing costs $110... Far beyond my budget. But it started me thinking about my Grandma, and gift giving. + + I think this goes for any Grandma, but she has lived a long time already, and I think she's experienced all that the material world can give her. But yet I feel like most people spend a lot of money on gifts for their grandma. I'm just spit-balling, but I am guessing grandmas don't *really* care about getting new stuff. They enjoy the time spent, the photos, the memories etc. + +Even for my parents, I feel like a weird obligation to spend more money on their gifts than say, my sister's gift. But after thinking about it a bit, it makes no sense. There is nothing they could want that they can't get already, so why should I over-extend myself to give them a gift that I deem 'expensive enough'. So don't try to live up to this fictitious expectation that you've set in your head as an acceptable amount to spend on someone's gift. + +People you cherish and love should not give a shit how much you spent on their gifts, and if someone turns up their nose at your inexpensive gift, then that's a good indicator they are a shitty person. +So I first want to start by saying up until a week ago I’ve been a really stupid ape. Like absolutely retarded. I have taken all my savings and constantly yakked it at DRS & sadly Yolo options. + +Idk why but I never truly found the DD that gave me that “ah ha” moment. I quite literally gambled over a million dollars of taxable income on $GME out of blind faith. + +But ngl things have gone a little south. Those yolos paid off big in March netting me over a Milly but I didn’t want to believe that it was finished so I held and of course got eaten up by none other than a T+69 day drought of doom. + +Finally after that I really started digging in to what the hell all the DD about 69 was. Aside from some great sex education I came across a very basic thesis. Every 69 days $GME shorts in one way or another are forced to cover. + +And wouldn’t you know it aligned pretty damn smooth. + +Don’t believe me? Look at the chart your self. And obviously it’s important to note when the 69 starts. So why don’t we just go to the most obvious point the day right before the rip. + +Aug 19 - Price hits low range of $38 before the following days running for to $55 + +Then 69 days after the low on Aug 19th 21 you see Oct 27th + +Oct 27th - Price hits low range of $43 before going to mid $50’s again the next week then mid 60’s Nov 22. + +Now here’s where I was confused… 69 days after Oct 27 is Jan 4th. But no run? Why not? Theory must be busted right? Well idk but what I do know is that marked the first day of a new trading year for $gme. So maybe it reset? We see the price plummet from the mid $60’s price or (x4 pre split of $240) all the way down to $19.53 ($78.12) on WHAT DAY? + +You guessed it T+69 on March 14!! Then we bust nuts to right around 50 a share or ($200) two weeks later. + +So maybe they got to skip a cycle? Idk but check it out.. another 69 days after the 3/14 date you get May 22 where we run 30%+ the next week. + +What next folks!?! T+69 of May 22 is JULY 30! Or next active trading day Aug 1. + +My tits are jacked and regardless of any DD I’m buying holding and drsing. But I thought this was lit. + +Also what’s 420 days prior to March 14th 22? Oh yeah the start of the original MOASS. LFG + +Update; I probably should have put “since mid 21” as the 69 didn’t really come in until after. And also as I think of it it’s not T+69 as it’s not trading days it’s just total days. +https://preview.redd.it/tuxse98n5y791.png?width=1051&format=png&auto=webp&s=3d2fbadae870d81e7115085b9fc7820475372608 + +I have seen a few polar opinions on Starbucks but I struggle to understand why, I read on here that "It's just a coffee shop" which is far from the truth. In this post I want to go over some thoughts on Starbucks, take a look at the financials and key metrics and get opinions on whether you think it is a good purchase at its current price. + +**Overview** + +For starters, globally Starbucks has more than 32,000 stores, but these stores are not the only source of revenue that Starbucks has. It also has canned beverages, merchandise and beans that it sells in retail outlets and online across the world. Lets also not forget the [over $1 Billion](https://www.businessinsider.com/starbucks-says-over-1-billion-is-sitting-on-cards-2022-5?r=US&IR=T) that are currently sat on customer gift cards, which [Starbucks is taking advantage](https://thehustle.co/starbucks-gift-cards-financing-borrowing/) of by using it's customers as creditors. + +In the UK and across Europe you can walk into any shop, be it a small shop on the corner of a street or a huge retail outlet, and find some kind of Starbucks product that is for sale. The brand is huge, globally known and still has room to expand, with the [management expecting to have 55,000](https://www.nasdaq.com/articles/starbucks-is-set-to-soar-on-reopening-and-expansion-plans-2021-04-02) stores globally by 2030. + +**Financials and Metrics** + +**Revenue** + +looking at the revenue of Starbucks you can see consistent growth, the only slight wobble was a result of the various lockdowns across the word as a result of the pandemic. + +[Revenue Growth Chart](https://preview.redd.it/t2potouj6y791.png?width=1650&format=png&auto=webp&s=ab1b0774c8f7aa93227703a28dfcb249df1da179) + +[Revenue Growth](https://preview.redd.it/399f0zov6y791.png?width=2564&format=png&auto=webp&s=c2247107f0f60a58814b3474fc48554427be7417) + +If we take a look at earnings per share, we can also see consistent growth, growing from **1.38** in 2014 to **3.56** in 2021. + +[Earnings per share](https://preview.redd.it/3b5w0fp67y791.png?width=2591&format=png&auto=webp&s=d4d308e49b4a281bb2c462d499c3cb3dc88c1877) + +**Dividends** + +Dividend metrics look good with a decent dividend, solid pay out ratio and room for growth. There is also a solid history of dividends being paid out, although not consistent growth, still consistent dividend payments made over the last 30 years. + +|Metric|Value| +|:-|:-| +|**Dividend Yield**|2.62%| +|**Payout Ratio**|0.50| +|**Dividend Per Share**|$1.92| + +&#x200B; + +[Dividend History](https://preview.redd.it/bbrfgpol8y791.png?width=2477&format=png&auto=webp&s=982a0708fe2360dd53a5b8ede61e9a75ee021fd8) + +**Debt & Cashflow** + +Starbucks has a current TTM net debt of **$ 17.15 b** and a free operating cashflow of **$ 4.52 b.** Starbucks has manageable levels of debt and a healthy cashflow that is more than capable of sustaining a dividend. + +|Metric|Value| +|:-|:-| +|Debt / Assets| **1.30** | +|Current Ratio| **0.83** | +|Free Cash Flow Per Share| **3.14**| + +**Price** + +Starbucks' price has dropped significantly and it could be an interesting time to start dollar cost averaging into it. It's current price is at **$78.11** and is down form an all time high of **$125.97.** + +&#x200B; + +[Starbucks price](https://preview.redd.it/yuzty93nay791.png?width=1310&format=png&auto=webp&s=3f3de3ea78bd951d8558315544057c030a3c373d) + +Overall I am seriously contemplating dollar cost averaging in to STBX, what are other peoples thoughts on it? + +Metrics, charts & Data from [**Heydividends**](https://heydividends.com) **& Google.** +*TL;DR: Once we are rich we should organize and change the world together, we have already started doing so over at* r/Apephilanthropy *where we will share charity DD, coordinate donations, and potentially also create our very own ideal organization/NGO and fix the worlds problems, together! Come join us!* + +\--------------------------------------------------------------------------------------------------- + +**How to change the world in four simple steps:** + +1. Hodl GME +2. Get squeeze tendies +3. Organize +4. Change the world for the better! + +Title says it all, together we could do so much good with our combined tendies after the squeeze! We would be an unstoppable philanthropic horde of apes the likes of which the world has never seen! + +# Just imagine: + +* World hunger, eradicated +* Amazon rainforest, saved +* Wildlife at the brink of extinction? Not on our watch! +* Stop climate change? Check +* Veteran homelessnes? "You get a house, you get a house, everyone gets a house!" +* etc! + +# The possibilites are endless once we are rich! + +We are already a community dreaming about this and much more over at r/Apephilanthropy, come check us out if you too want to join us in changing the world (**after the squeeze**). + +The plan is to share charity DD so that we don't donate to shills and scammers, coordinate donations (imagine 200 000 apes donating 10 000$ each to any organization!), share charity porn (the best kind) and some have even dabbled with the idea of creating our very own NGO and buy an Airbus for apes to just fly around the world and fix stuff; extreme makeover/queer eye style, just with world problems! + +I have already started dreaming of a better world. Together apes can do great things! As another user once said: + +>Be a better 1% + +Much love, u/A_scandinavian + +&#x200B; + +[Our logo by u\/electriceasel](https://preview.redd.it/vy1x8wpxywx61.png?width=398&format=png&auto=webp&s=3469c1a9011d08885c1c155f5982f61f8db10b62) + +\------------------------------------------------------------------------------------------------ + +Edit: Moved the TL:DR to the top +Edit/Update: Thank you for the love and awards!!! I have posted a question about this to Dr. Timbrath’s AMA, [here](https://www.reddit.com/r/Superstonk/comments/mzknu6/official_ama_dr_susanne_trimbath_phd_thursday/gw7acv0?utm_source=share&utm_medium=web2x&context=3), if anyone else is interested on her opinion of this. + +Apes, our primate community has gone through a lot in the last 4 months. We’ve been called names, lied to, and manipulated through the same PsyOps techniques typically used on extremist groups. Throughout everything you beautiful people have remained stubborn and hyper-rational while never losing your love of crayons, and I have never been more proud to be an ape. Therefore, before we completely undress GME time and sales data, I would like to dedicate this research to: + +# Shills. Thank you shills everywhere, for making this research possible. + +You’ve made sure I stay good and motivated (pissed off) by harassing my online friends, name-calling good people for no reason, and attacking my computer with malware after every stats-based post I’ve made public. (I may an idiot, but after the third time this happened, I was fairly sure it wasn’t random bad luck.) Thanks for the 100s of subscriptions to random-ass pron sites, much appreciated. You’ve also provided LITERALLY the best peer-review system I’ve ever experienced. Never has someone caught my tiny mistakes SO quickly- your hard work and diligence has enabled me to very quickly correct and refine my research, drastically improving the quality of the final product. **THANKS**. + +NOW, time to strip **time and sales** data down to nothing but binary code and statistics. All methods, raw datasets, and completed analyses can be found here: [Materials, Methods, and Madness](https://www.reddit.com/user/G_KG/comments/mwckki/detecting_monkey_business_materials_and_methods/). Briefly: I have created a spreadsheet analysis that runs on only one source of data, **time and sales**, exported from Fidelity Active Trader Pro. The spreadsheet reports whether each trade had a POSITIVE or NEGATIVE effect on the price, and thus designates the trade a “**BUY**” or a “**SELL**.” Many trades have no effect on the price: these shares have been included in the total counts but not towards any buy or sell total. This is an imperfect method to calculating total buy and sell volume, but as you will see, correlates well to overall price movement of the stock and therefore provides a **statistically significant buy:sell ratio that we can use**. The opening and closing prices are summed, and if the overall price movement does not match the net buy/sell pressure, the spreadsheed tells you **IN REALLY BIG LETTERS.** The spreadsheet also flags **trades priced outside the bid-ask range**, with a special check for prices that are **crazy** high (to catch odd price spikes as I did in [my first rant with statistics](https://www.reddit.com/r/Superstonk/comments/mvzj1f/price_anomalies_are_real_spreadsheet_analysis/) here). I also have it check for “odd lots“ from options-based exchanges- if a trade comes from a **bid** or **ask** exchange that specializes in options only, it should really be **100 shares traded or a multiple (1 options contract = 100 shares)**. I’ve relaxed the tolerance a bit, and the check is only for **things that are non-divisible by 10** originating from an options-based trade. + +[fidelity loves acronyms](https://preview.redd.it/mfxrzw5idvv61.png?width=248&format=png&auto=webp&s=00273ee93764d1245e198aa32048dca8bd2c2619) + +First, let me show you some “controls;” aka super “boring” stocks that we are assuming are **NOT** manipulated and therefore do **NOT** have artificial price movement: their price movement is natural and expected based on buy and sell volumes. And the most boring stock prize goes to.... + +[Nokia of course!!](https://preview.redd.it/l3asexnldvv61.png?width=1092&format=png&auto=webp&s=3f91e2414449f35170a991454bb641dc5ff8334f) + +This is the “summary sheet” that gets printed with all the nifty info. This is what “normal” looks like- more buy volume than sell volume detected matches with the closing price going up. Pathetically small number of trades were flagged as unusual, all having to do with odd lots being traded by options exchanges. Looks good. Next control, the SPY- + +[wait what](https://preview.redd.it/kra2b9dsdvv61.png?width=1127&format=png&auto=webp&s=8c018ac8a92ff1b2f5c712043a1563072f7fe95d) + +Everything looks great, happy spreadsheet, except for four really weird trades I totally did not expect to find. Here's the full mind-fuck analysis on this data: + +[color-coded fuckery!](https://preview.redd.it/4ggf4tb1evv61.png?width=1960&format=png&auto=webp&s=f7b624928360652e0d3931742c8d277264d9df50) + +The "main offenders" are listed at the bottom- Options and dark pools. This is my surprised face. Let's look at those crazy prices up close: + +[some ETF action](https://preview.redd.it/ybdxyphjevv61.png?width=774&format=png&auto=webp&s=7ee75133cfce6484723a94858c43258815346a7a) + +[dark pools and options](https://preview.redd.it/6pticp4mevv61.png?width=777&format=png&auto=webp&s=388a01573b0735b7e291afed6d3dee41d9baee12) + +[dark pool party](https://preview.redd.it/1grnfzdoevv61.png?width=777&format=png&auto=webp&s=3668ecf3b347eeab6406ea494d165655b7d3cfca) + +[Can I please have shares for $20 under the going price?? I said please.](https://preview.redd.it/cq0xp3cqevv61.png?width=786&format=png&auto=webp&s=b78aa58f3d8a5144cac028d4723b883c21375e6d) + +Except for those crazy trades, pretty normal. Here's another SPY, this time from 4/26: + +[happy spreadsheet!](https://preview.redd.it/6y1mpi9zevv61.png?width=1127&format=png&auto=webp&s=1a79efed30fed6127f34bfd7b9ac3d18fa2072ae) + +No wacky trades on this day for the SPY. How about one more control analysis: + +https://preview.redd.it/r78vp364fvv61.png?width=1127&format=png&auto=webp&s=de13233086dafd1e43d545783604a89579aca061 + +Overall, more shares detected were sold than bought, and the price for the day went down. Lovely! Now, on to the main event. Let's plug and chug some GME! We start with 4/12. Why? Because I was pissed that day. + +[I ate a lot of crayons later that night](https://preview.redd.it/1vyo6cyefvv61.png?width=1037&format=png&auto=webp&s=f66625bceaeadd317c8b79528d5958a9e621990c) + +So I was very interested in looking at this dataset. Lo and behold.... + +[more surprise face](https://preview.redd.it/916ot1cmfvv61.png?width=1127&format=png&auto=webp&s=858129070b215598da23a57a784c56cc96f1484b) + +My beautiful spreadsheet telling me exactly what my eyes saw that day. There were more shares bought than sold, yet somehow the price drops $17. Queue mind-fuck: + +https://preview.redd.it/ivmrjsh3gvv61.png?width=2024&format=png&auto=webp&s=e31fd587bc5474035ab029a9cf825e3625a29ccb + +EDGX and dark pool buddies. But of course. These high numbers make me giggle, which offsets some of the freshly pissed-off I am at this concentrated fuckery. I know your brains are tender, but how about one last GME analysis- 4/21 because dyslexia: + +[omfg?](https://preview.redd.it/kn9d95nlgvv61.png?width=1127&format=png&auto=webp&s=f7d0f2c14c49886035922cc7388704858676fef2) + +Well $28 outside the bid-ask range seems..... excessive? That's like if some dude said "I'll sell this thing for $158," everyone agrees, and then somehow he gets $186. Why doesn't my life work like that? Let's see all of these crazy trades up close: + +https://preview.redd.it/sb3ee192hvv61.png?width=778&format=png&auto=webp&s=7827df5d1a3a34bf556762b6d0d3b1ffa63ad606 + +[nothing to see here?](https://preview.redd.it/5on6gfv2hvv61.png?width=776&format=png&auto=webp&s=178400aad26bf5189a509760e8947da9e7bdd544) + +That's all I've got for today. But now that I've got my spreadsheets all set up, I think I will continue to post revealing statistics until GME blasts off to the moon. Seems like a good way to pass the time?? 😈 + +# TLDR: Either the matrix is glitching out or there's some really fucky shit going on.🚀🚀🚀 + +Selling puts on my computer's CPU. +It's been a while since our last AMA, alas do not worry - we've been working hard behind scenes to get a pipeline of AMAs ready for you all! + +First off the bat is **Robert Shapiro**, who will be hosted by the amazing [Lucy Komisar](https://www.thekomisarscoop.com/) (and no, he's not the Robert Shapiro who defended O.J. Simpson). + +The AMA will be hosted on our non-monetised [YouTube channel](https://www.youtube.com/channel/UCJ-mn_GXx-MZeL8KiNx-_IA) as per usual on the **18th August @ 4:30pm EST** + +[https://www.youtube.com/channel/UCJ-mn\_GXx-MZeL8KiNx-\_IA](https://www.youtube.com/channel/UCJ-mn_GXx-MZeL8KiNx-_IA) + +# Robert Shapiro's Background + +&#x200B; + +>Robert Shapiro was Bill Clinton’s Undersecretary of Commerce. He would later be senior economic advisor to Vice President Al Gore and Senator John Kerry in their presidential campaigns. So, very establishment. In 2001, he started Sonecon, an economic policy consultancy that advises corporate executives, government officials and non-profit organizations. +> +>Not long after lawyer Wes Christian started looking into naked short-selling scams in 2002, he contacted Robert Shapiro. He thought, “If I could convince him that this was real, he could influence a lot of people, including SEC commissioners. And he was deeply embedded in the Democratic Party and would be able to influence a lot of senators and congressmen.” +> +>Shapiro was quite skeptical. He told me, “It seemed to me if it had the kind of impact they were describing that this would have not have gone unnoticed, and I would know about it, and there would be a lot written about it, and that wasn’t the case.” Christian gave him boxes of documents. +> +>After more than six months of looking into the matter, Shapiro came to agree. He found huge numbers of shares sold short that far exceeded the available shares to borrow or would have made the shares to borrow so expensive as to economically preclude it, and yet there was outstanding short interest, (shares sold short and not yet delivered), equal to 60 to 100 percent of some outstanding shares, the “public float,” which are the shares available for buying, selling, and borrowing. +> +>He told Christian that “500 million to 1 billion dollars in shares are sold but not delivered every day between all exchanges. This is systemic,” he said, “and involves thousands of companies.” +> +>Shapiro said that “massive fraud” was represented by the large fails in ex-clearing, moving buys and sells without going through the DTCC. +> +>Beginning in 2003, he started talking to officials of the SEC about this. After RegSHO was adopted in 2004, allegedly to stop naked shorting, he told them “You’ve got loopholes anybody could drive a Mack truck through. This will not work.’ They said, ‘We don’t disagree, but we’re afraid a stricter rule would destabilize the market through short squeezes’ +> +>In 2009, he testified before the SEC. He started to describe the role of naked short selling in the chaotic way companies collapsed in 2008. He was in the middle of this and his microphone was shut off. +> +>Robert Shapiro has continued to analyze and write about the effects of naked short selling , most recently for Washington Monthly in an analysis of GameStop. +> +>\- Written by Lucy Komisar + +# Ask Away + +With all that being said, please post any questions you may have below, the theme of the AMA will very much follow the legal side of things given Robert's experience and will focus on what the SEC could/should be doing etc... Saying that, please feel free to ask anything! + +**Edit:** Don't be afraid to comment, fearing that it'll get lost in the many comments already on the post - I go through every single one and collate them all - so ask away! +This is the definition of Securities and Commodities Fraud according to the Law + +Whoever knowingly executes, or attempts to execute, a scheme or artifice— +(1) to defraud any person in connection with any commodity for future delivery, or any option on a commodity for future delivery, or any security of an issuer with a class of securities registered under section 12 of the Securities Exchange Act of 1934 (15 U.S.C. 78l) or that is required to file reports under section 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78o(d)); or +(2) to obtain, by means of false or fraudulent pretenses, representations, or promises, any money or property in connection with the purchase or sale of any commodity for future delivery, or any option on a commodity for future delivery, or any security of an issuer with a class of securities registered under section 12 of the Securities Exchange Act of 1934 (15 U.S.C. 78l) or that is required to file reports under section 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78o(d)); +shall be fined under this title, or imprisoned not more than 25 years, or both. + +The DTCC meets the criteria under section 15 U.S. 78 of the Securities exchange Act That they are required to file reports. + +Under section (2) it states that it is fraud to obtain by fraudulent pretenses property in connection with any security of an issuer. So if the DTCC received shares from GameStop for a dividend, issued a split instead, and did not return those shares, it is SECURITIES FRAUD. + +We know that GameStop issued shares to Computershare for a Dividend, and Computershare sent those shares to the DTCC. + +We know that the DTCC did not issue the Dividend and ordered a Forward Split. The shares that the DTCC received from GameStop were obtained fraudulently because they pencil whooped the paperwork and did not issue a dividend. + +What we don’t know is what happened to those shares. We need this information to determine if the DTCC committed securities fraud. If those shares were not returned to Computershare then the DTCC could have their license suspended or revoked under the regulation statute. +Below is my simple explanation as to what I believe is happening based on the revelation that GME Entertainment owns the GME Wallet and is a subsidiary of GME. None of this is new info, but rather an attempt to explain in as clear of terms as I possibly can to get you jacked. + +The Goal: Force short sellers to close position by going into market to buy shares. + +Problem so far: Shorts, using the current system, are capable of creating synthetic collateral and kicking the can – creating as many shares as necessary and not effecting market price. + +Conventional Solution: Use a stock dividend and only issue exact number of shares. —> This failed. + +New Solution: Issue an asset that the current system cannot handle, thus foiling the short sellers ability to create synthetic collateral. + +That Asset: NFT – using blockchain technology create 1:1 asset that cannot be synthetically duplicated. + +How to get Asset: Start a company that has its own digital wallet, blockchain website, and has created a marketplace to deploy an NFT asset (blockchain company); + +Legal Execution: Have a seasoned company spin off the blockchain company, issuing the blockchain companies shares as NFTs to each share holder of the seasoned company. Legal benefit too – no need to register as this transaction avoids registration with SEC - no sale or offer as shareholders of seasoned company are getting ownership of two assets for the price of one. + +Effect: Every seasoned company shareholder is due an NFT and will become a share holder of two companies - any short seller would need to provide the NFT to the shareholder – the NFT cannot be synthetically duplicated – the only way for the short seller to get the NFT is to actually hold the seasoned company share. + +Result: Share price of seasoned company will sky rocket as short sellers will be racing to close their positions to obtain the NFT to provide to the shareholder. Again the NFT is the ownership certificate for the blockchain company and must be provided to its owner. + +&#x200B; + +ADDITIONAL THOUGHTS: + +* Holding your shares in your name via DRS is vital as the rush to close positions will likely cause cascade of broker bankruptcies – like we are witnessing with FTX - when a broker, company, etc. goes into bankruptcy their assets get frozen and many creditors are left with pennies on dollar if anything. +* Our chairman is encouraging DRS not only to squeeze the fuck out of the shorts but also to protect us from the inevitable cascade of bankruptcies that will wipe out people’s holdings. +* DRS your shares - protect yourself and protect your company. + +&#x200B; + +\+Neither legal nor financial advice. +I forget which podcast I was listening to, but someone said if you had the option to spend $300k in real estate you are better off with three, $100k properties as opposed to one $300k property. The theory behind it was that with 3 properties you can collect $1000 monthly each ($3000 overall) but from the single $300k property you are likely to only get $2500. + +Also, from my research it seems houses really stray away from the 1% rule at the 250k and above mark. Seems to just get worse too from there on, as in a $700k house would probably rent for roughly $4000, almost 50%. + +So my question is, how are people cash flowing on these expensive SFH? I cannot comprehend how a $500k home would cash flow unless you are BRRRR it to get a phenomenal deal or you are buying it cash. + +Are these people simply banking on appreciation and hoping to break even? + +Would a 500k quadplex not rent out for more than a 500k SFH? + +Assuming you are going with the conventional 20% down, using a PM, etc, I don't see how anyone cash flows on $300k homes and above. + +Look forward to hearing all your thoughts. +LunaDoge is a fork of MoonRat and SafeMoon. Both projects have been audited by CertiK, assuring users that there is no backdoor in the code for the team to scam its investors. $LOGE is currently in it’s infancy and is only available on PancakeSwap🥞. + +&#x200B; + +Website: + +[https://lunadoge.finance/](https://lunadoge.finance/) + +&#x200B; + +Why does this token have Moon potential? + +&#x200B; + +✅ Buyback and Token Burn + +· Recent DAO proposal approved by holders + +· 50% of liquidity pool will be unlocked May 28th + +· Half of this will be locked again for 3 months + +· Half of this will be used to BUY BACK LOGE tokens + +&#x200B; + +✅ Hold and Earn + +· Every transaction incurs a 10% fee: + +· 5% distributed to hodlers + +· 5% permanently added to LP (currently $350k) + +&#x200B; + +✅ Liquidity Locked + +· Team tokens (24% of total supply) locked using third party provider DXSALE + +· 15% for 6 months, 5% for 3 months; 4.7% for 14 days which will be re-locked again + +&#x200B; + +✅ Bi-weekly Token Burn + +· Every second week the team will burn 1% of total $LOGE supply from their own tokens · This coincides with team token re-locks. + +&#x200B; + +✅ DAO Voting + + · Project is community driven + +· Proposals made by and voted on by holders + +&#x200B; + +✅ What’s in the Pipeline? + +· CMC listing + +· Cross-chain integration + +· Token farming + +· Partnership rollout + +· Community growth + +&#x200B; + +&#x200B; + +Take the plunge and join the LunaDoge community today! Or wait until after the buyback and burn and finally have an anxiety free investment where you only need to worry about marketing execution and helping in building the brand. + +&#x200B; + +I’ll see you on the moon good sirs! 🚀🚀🚀 + +&#x200B; + +—————————-Additional Info———————————— + +&#x200B; + +📱Contract: 0xb99172949554e6c10c28c880ec0306d2a9d5c753 + +&#x200B; + +📈Poo Chart:: poocoin.app/tokens/0xb99172949554e6c10c28c880ec0306d2a9d5c753 + +&#x200B; + +🥞PancakeSwap: (11-13% slippage might be necessary) [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xb99172949554e6c10c28c880ec0306d2a9d5c753](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xb99172949554e6c10c28c880ec0306d2a9d5c753) + +&#x200B; + +🔓LP locked: [https://bscscan.com/tx/0x3888dc9bfe1e0976d019480c58583bafdd7a2a7e551c487732042491f218bd7f](https://bscscan.com/tx/0x3888dc9bfe1e0976d019480c58583bafdd7a2a7e551c487732042491f218bd7f) + +&#x200B; + +🔓Team tokens locked - [https://bscscan.com/token/0xb99172949554e6c10c28c880ec0306d2a9d5c753?a=0x2d045410f002a95efcee67759a92518fa3fce677](https://bscscan.com/token/0xb99172949554e6c10c28c880ec0306d2a9d5c753?a=0x2d045410f002a95efcee67759a92518fa3fce677) + +&#x200B; + +🔓Ownership renounced: [https://bscscan.com/tx/0xf54e7d14f2d431ad4e24afdb459ff13f7530bb8d8e84dd672843a705c1f02e5e](https://bscscan.com/tx/0xf54e7d14f2d431ad4e24afdb459ff13f7530bb8d8e84dd672843a705c1f02e5e) +Shiba Inu is on Coinbase. WHY?!!? There are so many other projects - ERGO, NANO, LUNA, FLOW, etc etc etc that are solid projects with huge potential and Coinbase is thinking.... NAH, give me the one with 1 QUADRILLION coins because it has a puppy dog on it. All these actual world changing coins sitting in limbo waiting for the masses to turn eyes to it, and Coinbase is playing games, helping people throw their money away. Does Coinbase even share their selection process and why they choose the coins that they do? Because the fact that Doge and Shiba Inu exist on Coinbase before dozens of other real projects is truly disheartening. +Anyone knows why? I have 1000 at 3.75 and wondering whether I should sell or keep. Market depth is heavily filled with buyers. + +Edut: I sold 300 shares and kept rest of them intact. +Reference: [https://www.moneycontrol.com/news/business/economy/breaking-epfo-interest-rate-fixed-at-8-1-for-2021-22-lowest-in-over-one-decade-8224051.html](https://www.moneycontrol.com/news/business/economy/breaking-epfo-interest-rate-fixed-at-8-1-for-2021-22-lowest-in-over-one-decade-8224051.html) + +Quoting important data from the above article: + +>"The interest rate was fixed based on the earnings. It's a difficult year. Other than earnings from debt, we managed to get some corpus from ETF sale before the Ukraine war, which gave use some cushion. The corpus has gone up 13 percent but the interest income is up only 8 percent," said KE Raghunathan, another CBT member. +> +>Raghunathan said the EPFO has a surplus of around Rs 45o crore after paying at a rate of 8.1 percent per year. "It is important to have safety of investments than high return on investment," he said. +> +>The EPFO invests 85 percent of its annual accruals in debt instruments including government securities and bonds and 15 percent in equity through ETFs. The earnings from both debt and equity are used to calculate the interest payment. +> +>The EPFO has liquidated Rs 12,785 crore worth equity investments in exchange-traded funds (ETFs) and will use capital gains of around 5,529 crore from it for FY22 EPF interest payout. + +One strange thing about EPFO is that interest rate for current FY is decided in the last month(March) of current FY. There is no way one can plan his/her EPFO returns in advance. +If you haven't read this article then you haven't read the only hard truth written about Ethereum during this dip: + +https://www.nytimes.com/reuters/2017/06/14/business/14reuters-fintech-payments-circle.html + +Circle is moving to Ethereum to provide services to exchange international currencies without charging fees. And it isn't outside the realm of Machiavellian possibility for Goldman Sachs to have its pet politicians submit an anti-crypto bill they know will never pass or be enforced, just to drive down the price of crypto as over-leveraged weak hands panic sell in response. Goldman Sachs then buys up the Ethereum at a discount and maximizes their investment in the coming ICOs and then has its politicians shelve the bill. + +And for the last time, Trump will not enforce crypto regulations even if Congress passes a law. He will just deprioritize the enforcement just like Obama did to a thousand laws he didn't like. Don't believe the fake news about him getting impeached or prosecuted, he's here to stay, and the only reason you'd have to worry is if both him and Pence die mysteriously. By the time the state gets around to being willing to regulate crypto, it will be unable to. It will just be too late and would require an enforcement event on the scale of forcibly removing millions of immigrants from the country. It might sound good to some people, but it will never happen. +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! + + The aim of AB 1771 is to discourage real estate speculation. It creates a new capital gains tax on homes held less than seven years. 25% if under three years, and dropping 5% a year thereafter. + +Won't this just keep more properties off the market even longer? + +Source: [https://rentalhousingjournal.com/watch-out-investors-california-is-at-it-again/?utm\_source=Master+Investor%2FOwner%2FProp+Mngr%2FSocial&utm\_campaign=d05e5c5c89-EMAIL\_CAMPAIGN\_2022\_03\_30\_01\_52&utm\_medium=email&utm\_term=0\_1df36dfca7-d05e5c5c89-165585129](https://rentalhousingjournal.com/watch-out-investors-california-is-at-it-again/?utm_source=Master+Investor%2FOwner%2FProp+Mngr%2FSocial&utm_campaign=d05e5c5c89-EMAIL_CAMPAIGN_2022_03_30_01_52&utm_medium=email&utm_term=0_1df36dfca7-d05e5c5c89-165585129) +So new employer offers 401k matching. “100 percent matching up to 6 percent of your CONTRIBUTIONS (not salary). + +Can you elaborate which is better? I would think 6 percent of salary is way better if you plan to max out, but correct me if I’m wrong. + +For example, 100k salary, + +Up to 6% of your SALARY - +0.06 * $100,000= $6000 free money + +Up to 6 percent of your CONTRIBUTIONS - +0.06 * $19,500= $1,170 free money +I've been sharing this link due to the tax information, although it appears it's now been updated to include the below details. Spicyyy. + + + +GameStop Guidance for International Stockholders with Split-Related Questions + +GameStop has notified its transfer agent and the Depository Trust Company (“DTC”) that some of our valued stockholders in international geographies are still trying to determine if they have received the proper stock dividend associated with the Company’s recent 4-for-1 stock split. Please note GameStop has already distributed the shares of common stock required for the stock dividend to its transfer agent, which has confirmed it subsequently distributed the appropriate number of shares of common stock to DTC for allocation to brokerage firms and other participants. We recommend that stockholders using a brokerage firm contact that firm with needs or questions. Stockholders may want to make their brokerage firm aware if they recently moved shares to the Company’s direct registered list, as we have been informed this move could impact a firm’s distribution of shares. + +As always, we appreciate your investment and enthusiasm. Although we are not able to engage with individual brokerage firms, we are monitoring this situation and will keep you informed of any relevant updates we obtain through our transfer agent or DTC. +The truly greedy ones during MOASS will be the folks who hold a relatively high number of shares and sell all of them at a relatively low price to lock-in their fortune at the expense of the squeeze. + +I'm not a FA and this isn't advice, but my opinion is price targets should be set based on selling ONE share, not what you could sell your whole portfolio for. If you want 50M total, selling 50 shares at 1M is not the way to go. + +People that do that are just as bad as Kenny, willing to throw this entire community under the bus for personal gain. Not true ape behavior. +The Collectible team is quite proud to announce that our coin will be officially launching tonight at 21:00 UTC. + +This has been quite a remarkable journey and we are extremely grateful for our team and our community. + +Our team is building the World’s first asset based NFT Platform. + +Collectible is the exclusive NFT + Physical Item online platform out there. It’s one of a kind. Just like its items. + +With different unannounced drops happening every week ranging from sport memorabilia to long century old art brought back to life through our NFT creating process making it relevant again. + +Native Collectible Token (COLLT) 👌 + +Improve your platform experience and expand the possibilities by owning Collectible token. + +• ✅Access to exclusive sales & auctions. + +• ✅ Bidding on all sales & auctions. + +• ✅ Boost listings and create more exposure. + +• ✅ Discounts on platform commission. + +• ✅ Increased royalties on sold Non Fungible Tokens + +👀 Collectible Token (COLLT): 👀 + +🛎 PancakeSwap launch date: TONIGHT! Monday, May 17th 21:00 UTC/5:00 PM EST + +Join for more info: + +🔥🔥Join our Telegram group for more information 🔥🔥 + +Important links: + +Website (http://www.collectible.global/) + +Telegram (https://t.me/collectibleofficial) + +Reddit (https://www.reddit.com/r/collectibleofficial/) +💭 What is $MBUD ? + +$MBUD or MOONBUD is a charity token on the Binance Smart Chain, it has a 5% transaction fee, 2% goes to the charity wallet, 2% is redistributed amongst HODLers and 1% is burned forever, making the token deflationary. Ownership of the contract has been renounced. Liquidity has been locked for a year. + +&#x200B; + +&#x200B; + +🌕 MILESTONES + +The token succesfuly launched a couple of weeks ago on pancake swap. The launch was amazing, price held and rose beautifully and the first day was full of important achievements. Right now the token is aiming for the 7,000 holder barrier, mcap is around $3M. MBUD has already amassed $140,000, prepared for being donated to Dog's Trust, the largest dog charity in the UK. + +&#x200B; + +&#x200B; + +Solidity Finance Audit: + +[https://solidity.finance/audits/Moonbud/](https://solidity.finance/audits/Moonbud/) + +&#x200B; + +Donation Approaching - The Developer will PERSONALLY visit Dog's Trust office and will donate the money from the charity wallet, the whole process will be recorded. + +My Opinion: I made a post about this token before already. Working closely with the dev team the whole time now and I couldn't be more happy about doing this, I see a very bright future for this project. Holding and willing to help a lot of dogs, this is much more than money, this project actually means something. + +&#x200B; + +&#x200B; + +LINKS: + +💎 BUY: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) (USE V1) + +🌐 WEBSITE: [https://www.moonbud.space/](https://www.moonbud.space/) +Well carrying on from my previous threads (link below) I bring to you the finale... + +https://www.reddit.com/r/AusFinance/comments/xfkohm/update_property_negotiation/?utm_medium=android_app&utm_source=share + +The agent called me yesterday to ask if my price and offer were still valid and if I'm still interested as she believes she has the developer over the line for around about my price. I said yes my offer is valid but not a cent more.... + +Today she has called to congratulate me. They accepted. + +I'd like to thank you for all of your support! Genuinely could not have gotten through this, my first property negotiation, without the help of every single one of you who contributed to my threads. + +Today is a good day! Here's to the little guy, the underdog, the consumer, the winner. Cheers errbody! +&#x200B; + +[We need wrinkled brains on this one](https://preview.redd.it/rda9il7j9cy71.jpg?width=1200&format=pjpg&auto=webp&s=454d3972b0f5b43734a5604cd0d29d772d986078) + +I just came across this picture on twitter, and it is quite amazing. + +In the end, something happened on the 5th.... we might see something happening within this week, as the number of calls/puts come to light. It might not be relative to GME, but since the last surge was on 1/27..... + +I hope someone with more data can help bring more wrinkles to this matter, as I don't have a way to go check where all the options were open. /u/gherkinit is called onboard also to try to shine some light on this. + +Edit 1: Thank you everybody for the upvotes and awards. Gherk is out today, so I hope tomorrow or after he can share some pickle light into this chart. + Robinhood shares hit a new low this week that pushed the company’s market capitalization below the value of its cash on hand. + +The brokerage app, once a darling of the tech industry, has slumped to roughly $7 per share — an 80% decline since its July debut price of $38. + +Read the full article: [https://nypost.com/2022/06/16/robinhood-stock-plummets-now-worth-less-than-cash-on-hand/](https://nypost.com/2022/06/16/robinhood-stock-plummets-now-worth-less-than-cash-on-hand/) + +**Robinhood’s (HOOD) market cap ($6 billion) is now lower than its cash on hand of $6.19 billion reported during its recent earnings release.** + +**Do you think this implies it's undervalued and a good buy?** +Here is a rant that nobody cares about, but it's good enough to read, I'll even give you a TLDR now. + +TLDR: We are this way, because it's the only way we are allowed to be, as retail traders. + +Now that that's out of the way, lets look at it from a normie traders point of view. + +&#x200B; + +1. **Pattern Day Trading:** Why does it exist? To protect us? From what? Do you ask for a W2 for everyone literally walking into a casino to see if they are capable of losing what they are risking? No, they are free to spend as they please. Funny, I thought that's what a free market was for too? +2. **Market Makers:** You want us to literally just stop, leave, and use a casino? Use DraftKings and that sort of platform, ok. Now what, how do you make your money off of "dumb money" when it's gone? You need us, we need you. +3. **\*WHY\* is a collective of people on Reddit such a danger?:** For the sake of arguing, before this happened, there were 800,000 of us just being collectively dumb together. LETS JUST SAY, combined, we had 1 billion dollars between 800,000 people. That's scary? You lost 2.7b in the first wave of short losses, then asked for help for another 3b. Do you know what that means? THAT MEANS, that hedge funds, as a collective, is the problem, NOT REDDIT. +4. **When we got together, it was a crime, when you got together, it was not a problem?** How can we be "investors" in a rigged game, literally, please explain it. We HAVE TO GAMBLE to make money, because those are YOUR RULES. +5. **Trading is passive income, not a job:** Yeah, it's a passive way to kill time for 95% of us, make a little side money, couple grand here or there, sometimes get lucky and make 10k. This is a lot for regular people, it's literally NOTHING to you, but debt payment and vacation funds for us. +6. **We are Degenerates and Dumb Money:** If a large group of dumb people cost you money is a problem...then why is a large group of smart people (you market makers and hedge funds) that manipulate costs to take dumb moneys money away, allowed? + +Anyways, there is a list 3 miles long. + +GameStop isn't about GameStop, it's a beacon of reason, it could have been any stock, Citron just picked the target and we used it. + +Good Luck Diamond Handing gents. Think about it this way. No matter what happens, **THEY HAVE LOST MORE MONEY THIS MONTH**, than what average day traders have collectively made in 5 years. Let that sink in. + +Edit: This blew up, appreciate all the support! + +I recently saw this video, it's 10 minutes long, but the ***first 3 are incredibly important!*** +***Jim Cramer*** exposes what illegal activities hedge funds and short sellers do to manipulate the market. [https://www.youtube.com/watch?v=VMuEis3byY4&t=2s](https://www.youtube.com/watch?v=VMuEis3byY4&t=2s) . They literally take advantage of the SEC not knowing what they do. + +Hold strong brothers +http://www.forbes.com/sites/perianneboring/2014/05/09/secs-investor-warning-on-bitcoin-could-stifle-innovation/ + +> On April 21, 2014 bitcoin got its first lobbyists, however a competitor hired them. DC lobbying firm, Peck Madigan Jones, registered not one, but five of their employees to lobby Congress on “bitcoin” and “virtual currencies.” The client they are registered for is MasterCard, a transaction competitor to bitcoin. + +I was thinking about this recently, and typically the really basic questions I hear are like "how fast can you make $X?" "If I give you $100k, what would you be able to make?" "Can you manage my portfolio for free?" It's hard to answer these without clarifying several key concepts like risk, account size, and what's in it for me, so I think they are typically bad questions. + +What are some of these questions you get? It can be family, friends, or strangers online, or just something you read somewhere. +https://www.motortrend.com/news/tesla-general-motors-ford-shares-analysis-car-wars/ + +>Tesla has held about 70 percent of the EV market share in recent years. That is forecast to drop to a mere 11 percent over the next four years, says John Murphy, the Bank of America analyst behind the annual Car Wars report that looks at the auto industry and predicts which companies are on a winning path and which are not. + +>Musk's apparent idea that the supposedly unsophisticated auto industry didn't know how to manufacture came back to bite him when he learned firsthand how hard it is to make cars, learned that those legacy techniques work, and was forced to adopt them. "That was a big miss on his part," Murphy says. + +I have said before that I won't touch Tesla stock either way, because underestimating has proven a mistake, even in the face of obvious headwinds... but other manufacturers are releasing _135 EV models_ over the coming years, so something is going to stick. We've already seen demand exceeding supply for the F150 and Mach E. + +>"He is launching new product at a slower rate, he does not have a full product portfolio, so there is a huge opportunity for other competitors to shoot the gap and catch up," + +Tesla does not have a real SUV, they have hatchbacks. There is a huge market miss there. They don't have a truck, and that is a _huge_ moneymaker for auto manufacturers. They don't have anything compact or "cheap." + +It's important to note after all of this that the share of cars being EV is increasing, so even with falling market share expect their production to increase. But I don't think it's going to be 90% of the market as some Tesla bulls predict. + +Tesla's EV market share in Europe declined from 31% in 2019 to 13% in 2020. Last month it was 10% market share. A declining share can happen. +Was curious to get a sense of how much cash people keep on the sidelines, specifically in their portfolio, not counting savings/checking accounts. Weather it's to deploy in drawdowns like this, or to keep in case of a major crash, are you fully invested at all times, or do you keep some dry powder around? + +With my current set up, I keep 10% of my TFSA in cash, fully invest the RRSP when I make contributions, and keep my CAD/USD margin accounts at like 90% cash. In total, I probably have around 15-20% sitting in cash currently in my investing accounts. I have been using the cash in my Margin account to buy Puts which has been working out great. + +I know this is traditionally a little high, but I feel comfortable with this amount for now (considering how much I have invested for my age), and will deploy almost all of it into the market if this becomes a severe drawdown (25-30% +). + +So as a percentage, how much cash do you hold in your portfolios? +As mentioned previously, 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 - for us 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. + +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. + +So, without further smug explanations: + +\_\_\_\_\_\_\_\_\_\_\_ + +# Random ASX Stonk of the Week - Week 4: + +**Company name:** XRF Scientific + +**Ticker:** XRF + +**Industry:** Industrials/Technology + +**Headquarters:** Perth + +**Market cap:** $38m + +**Current share price:** $0.28 + +**P/E ratio:** 10 + +**1-year Performance:** \+83.87% + +**What they do, smoothbrain version:** provide glow in the dark liquid to speccy miners to help see whether the hole they're standing next to is worthless or not + +**What they say they do, wanky version:** "XRF’s products help customers to improve product quality and performance, increase productivity and yield and reduce downtime and waste." 🍆👋 + +**What they do, actual version:** This one may be fairly dear to the heart of many posters on this sub given how many of us gamble on dodgy miners to find out whether their shitty mines are actually worth a damn. + +**XRF** is a Perth-based business whose key focus is on a mix of chemicals, equipment and processes used to assess the quality of mineral samples provided (mostly) by mining companies. + +Their tech is actually quite cool, in which a miner provides them a sample drilled from their mine, which XRF then take and harden into a mould in the shape of a glass disc, then use their machine called a "spectrometer" to analyse its contents. That at least *sounds* fucking smart, so bonus points there. They also sell proprietary equipment that carries out these processes to clients themselves. + +They're Aussie-based, but have a mix of offices and distributors across most of the world, and their business seems to scale well hand in hand with the mining industry in general. This is due to not only the consumable/chemical side of their business growing, but an increase in sales of their physical analytical machines as well. + +**What looks good:** + +* Experienced management team with a decent amount of insider buying and hardly any insider selling; their management own nearly 30% of the SOI shows faith in the company +* Minimal amount of debt, and very healthy financially both P/B and cashflow wise for a smallcap company +* P/E of 10-ish is very strong for a profitable smallcap as well +* The debt they do have was mostly used to buy around half a million $ worth of physical platinum metal, which added to their existing stockpile of metals such as rhodium which continue to increase in value; quite a rare thing for a company like this to have a decent chunk of assets which gain rather than decrease in value +* Earnings after tax from their most recent report up 47% on the same period the previous year +* Profitability has trended up consistently every year for the past 4 years +* They pay a pretty damn substantial dividend for a company so small, just under 5% yield while still increasing profits decently YOY + +**What doesn't look good:** + +* They were a beneficiary of "government subsidies" (likely JobKeeper) which accounted for about an extra $700k of their revenue +* Sentiment is on a downward trend for their share price over the past 3 months; this does not pass the "sentiment test filter" I usually apply before buying, and would be looking for the trend to reverse before actually clicking the Buy button +* While profits go up year on year, they never really "rocket", implying this will never be a "bagger" in the foreseeable future unless something drastic changes +* Whenever I see a smallcap paying a hefty dividend, I always wonder "why"? Reinvest that shit in more growth, boyos. + +**Overall rating (strong buy/buy/hold/avoid):** I, personally, am intrigued enough by this company that - even though I don't own it - it has been placed on my watch list as a potential buy. I like that it is mining-adjacent but not attached to any specific metal, so hopefully not as as subject to price fluctuations in individual commodities. + +Their tech is quite innovative for an ASX company, and although the government payments are always a red flag, they still made enough extra profit YOY when deducting those subsidies to show decent growth. + +They remind me of a potential mini-version of one of my favourite larger stocks, **Codan (CDA)** which has done *very* well for me for the duration I've been holding it due to servicing the mining industry without actually mining themselves. If you're bullish on the mining sector in general, but not wanting to commit to an single metal, it could be an interesting way to hedge your bets assuming you have faith in their future growth. + +This is probably a BUY for me personally, but I don't need multi-baggers to be happy *personally*; would be keen to hear reasons as why people would be against it, as I'm sure there are several. + +**MarketIndex page:** [https://www.marketindex.com.au/asx/xrf](https://www.marketindex.com.au/asx/xrf) + +Feel free to add more DD/comments below. + +**Would you buy this stonk? Why or why not? Feel free to vote in the poll.** + +Link to previous Stonks of the Week: + +[https://www.reddit.com/r/ASX\_Bets/comments/m3tllz/random\_stonk\_of\_the\_week\_gale\_pacific\_gap/](https://www.reddit.com/r/ASX_Bets/comments/m3tllz/random_stonk_of_the_week_gale_pacific_gap/)[https://www.reddit.com/r/ASX\_Bets/comments/lyojgx/random\_stonk\_of\_the\_week\_mcgrath\_mea/](https://www.reddit.com/r/ASX_Bets/comments/lyojgx/random_stonk_of_the_week_mcgrath_mea/)[https://www.reddit.com/r/ASX\_Bets/comments/ltbpmi/random\_stonk\_of\_the\_week\_empired\_epd/](https://www.reddit.com/r/ASX_Bets/comments/ltbpmi/random_stonk_of_the_week_empired_epd/) + +[View Poll](https://www.reddit.com/poll/m91bon) +As someone on the FatFIRE journey, I’m interested in slowing down the pace the closer I get to the end of my 40s in a few years. I’d like to do minimal conventional work, but I’ve often through of serving on boards where available. Are there any recommendations how to make the move from a mid-senior corporate W-2 role to board roles on smaller companies (I’m not looking or qualified for roles at companies like a P&G or XOM). As a frame of reference, I report to someone who is on my companies executive leadership team. I don’t plan on sticking around in hopes of wrestling my way into the C-suite (there’s 40 people in line for a few positions). Thank you for any recommendations. +They were at $350 before their pandemic dip, so they have gone up nearly 60% from where they were before the pandemic, even more so from the bottom of their pandemic dip. + +I understand demand has likely gone up, and more people are streaming with nothing to else do but did they gain 60% more subscribers in that time frame? Unless I'm missing something, how do they make any money from people watching Netflix more if they were already a subscriber, they don't have ads. + +I understand markets are forward thinking or whatever, but there are so many streaming services now which own the rights to popular shows that Netflix currently has but likely will lose once the contracts run out. + +What announcement or numbers do they need to report next week to justify this drastic jump? +I find it odd that one of the criticisms of Keynesianism is that it led to the high unemployment and high inflation of the 70s in America and failed to recover the economy efficiently. Of course, the 70s were a tumultuous time for the American economy, but that was largely because of the oil crisis and policy responses which made things worse (combating a negative supply shock with high interest rates). + +Now, I will concur that a shortcoming of Keynesian economic policies leading up to the 70s was it's unawareness of monetary policy- the rigid interest rates ignored inflation and other economic trends. However, it's unfair to blame the economic crises on this aspect (especially as the fed started increasing nominal interest rates from the early 70s). + +Taking these factors into account, it only seems fair that Keynesian economics be exonerated against its stagflation-causing accusations. So why is it still criticized for it? Is there any merit to the criticisms? Are there factors that I'm failing to see? +Hey guys I wanted to share my story in hopes that some of you defend will learn from my mistakes. Also for those of you who are experiencing something similar, I want you to know you can make it. So without further ado, here is my story (proof). + +https://ibb.co/3r1pNVX + +For every gains porn post someone out there is on the other end with a loss. I can still remember when the GME runup began. I was so sure it would blow over in a day, and I picked up 10k in 3 month out puts just as GME crested 40 dollars. I remember as it skyrocketed I even found myself up on my position as the I/V grew. But I wanted more and I was so sure it would be back to 4 dollars in a month or two. Lesson one, don't get too smart, and don't fight the market. + +Well, a few months rolled by and the expiration on my options was getting close, they had slashed in value down to a third and even though GME had fallen, they weren't worth what I paid for them. I could have cut my losses and been out about 5k. But this is where I made my second mistake. Trading options on emotion. I couldn't believe my puts were priced correctly so I rolled them out a few more months, and aggressively. My position was now 50k instead of 10k. I couldn't let go of my ego and take the loss. + +Well, as fate would have it, a few days later GME would rip back up into the 200s. My freshly rolled position, started collapsing, and fast. I remember sitting at work every day, constantly pulling out my phone and staring at the GME ticker, waiting for any drop, hoping to be saved. But, my salvation never came, and my position got worse and worse. Enter my third mistake, doubling down. At this point I was desperate. I wanted, needed, to make my money back, so I averaged down, and averaged down again. My position was now worth just over 100k. + +With each passing day, my position ticked down in value. I remember one day so vividly as I saw my losses pile up into the 80k range I noticed sharp pain in my chest. It had been getting harder and harder every day, and the extreme stress was taking a toll on my body. I held on for a few more days, but the pain was getting worse, and I was literally shaking (tm), from the stress. Finally I called it. I closed my position down a total of just over 100k. It was one of the hardest things I've ever done. + +As pathetic as this sounds, I remember actually crying several times thinking about what an idiot I was. When you lose that kind of money, and for me this wasn't play money, it takes you to a dark place. I remember ringing in my head over and over, what was I thinking, how could I make such a mistake. It was one of my lowest points ever, and it felt like I would never feel normal again, anyone who has been in my shoes knows what I'm talking about. + +Well, it's been 7 months sense then and I will never touch an option again. I know now that I have a gambling problem and I can't put myself in that kind of position. It has been hard, to come to terms with losing something I spent many years of my life building, but I have made it through. To anyone who is where I was, right now, I know how it feels, and I promise you the age old adage, time heals all wounds is true, it does get easier. + +Anyway, thanks to anyone who read all the way through, I hope I can somebody out there learns from my mistakes, or at the very least cracks a smile laughing at my misfortune. I wouldn't be who I am now without my experience, so cheers you beautiful bastards. +I'm a business analyst with almost 2 years of experience, and just got offered 55k EUR gross in Luxembourg. It's definitely better than my current job in Eastern Europe, however is this salary good for the local job market in Luxembourg? From what I could research it seems average or below average, I want to know so maybe when I'm there I can look for a big raise or change to a different company in 1 year or so. +Just a quick vent to people who may actually understand. + +My daughter was invited to a sleepover. She NEVER invites friends to our house. I told the other mom it was fine and she gave me the address. Its a giant house in an amazing area and backs up to a beautiful lake. My daughter told me it was the best day of her life. She mentioned the huge house, the huge lake, and their arcade room. + +I 100% know its silly to compare, but its hard living in the "poor area" knowing my kid hides how small our house is from her friends. My husband shrugged it off and doesn't seem to feel the strong emotions. He's content. I just wish we could give our kids that kind of life. + +Edit- this has already become more popular than I was expecting. I think the bit about my husband came off wrong. He is amazing. I love him dearly. I just dont want to vent to him if he doesn't feel the same way. I dont want to bring him down. Him and I are both proud of the house... it just really caught me offgaurd when my daughter explained why she doesn't invite kids over. I immediately felt like somehow I wasnt enough. I couldnt keep up with the other families. I love my house and all of our memories here. Hell, I'm happy I even have a HOUSE! I'm not unhappy here, just venting the tough feelings after an unexpected conversation with my kid. + +I love that she had such a great time. I'll gladly let her go back. I won't let her know that the comment about my house upset me. + +Edit 2- thanks for the gold!! +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%) +Bed Bath sold the Christmas Tree Shops in 2020... + +https://preview.redd.it/49hdelu91fm81.png?width=372&amp;format=png&amp;auto=webp&amp;s=c7fd442b9bac76e50696ab4432df79cce4f2fb43 + +[Mark Tritton, Nov 12th 2020](https://preview.redd.it/ou41x68l1fm81.png?width=967&amp;format=png&amp;auto=webp&amp;s=a5aa8f5bd3d60acc58fe43bd970c0e2693df36be) + +[Expensive Consultants...](https://preview.redd.it/nnwpri33xem81.png?width=378&amp;format=png&amp;auto=webp&amp;s=0735308fb6490fbee01490bad67c191f825f7c20) + +[What is it ya do here?](https://preview.redd.it/uh57yxisyem81.png?width=431&amp;format=png&amp;auto=webp&amp;s=5777fd600ef026aaaf354cd41e39b3f5cbb6e1e4) + +So, I was thinking to myself... did anybody look up the consultants... + +And, I think that the CEO "Mark Tritton" is the consultant... Because I think that hes there to help shorts... and thats why hes so expensive... + +BBBY didn't hire anybody that I can see... but The Christmas Tree Shop did. + +[https:\/\/www.consulting.us\/news\/7306\/how-consultants-helped-christmas-tree-shops-with-its-it-carve-out](https://preview.redd.it/pxpejwwpzem81.png?width=765&amp;format=png&amp;auto=webp&amp;s=91efb90bb3ad219a547e22b5faf455253240e523) + +[https://www.columbusconsulting.com/category/team/](https://www.columbusconsulting.com/category/team/) + 80PCT Of this post was removed. -no idea why or how - + + +https://www.reddit.com/r/Superstonk/comments/taoea7/my_post_was_removed_uploading_for_visibility_im/ +TL:DR - Got rich. Got covid. Now chronically ill with long covid. + +**The story:** + +It was almost exactly a year ago, I remember it like yesterday; ETH was crossing 1k again for the first time in 3 years. Years of hard work had finally paid off and I'd made it. There was lots to celebrate about, yet I wasn't out celebrating. I was in my bed with a positive covid test. No matter, I was strong. I'd be able to handle it. A fit 35 year old male that trains muay thai and HIIT workouts multiple times a week. I would have been vaccinated had it existed at the time, but statistically I would be fine anyways. Unfortunately I was wrong. + +The illness ended up being mild-moderate, with flu like symptoms for 5-7 days. So I decided to go back to exercise quickly, to prove to myself I could do it. 2 weeks later I woke up hardly being able to breathe. The chest pains were abysmal. I was short of breathe, coughing, fatigued, and in a lot of pain. + +Fast forward to a year later and I have been battling this post-viral illness with no end in sight. Granted I have gotten somewhat better. I can breathe OK again but symptoms persist. I cannot exercise (long walks are fine), I am often tired, and the chest pains are endless. It feels like something is moving around inside me, these rotating symptoms. I have many doctor friends, and have consulted many specialists. There is no treatments currently available for long covid. I consider myself semi-disabled. + +**The finances:** + +I'm sitting on a low 8 figure position at the moment. I have good advisors around me, and I have a plan to manage the portfolio properly.. But the truth is I don't want anything besides my health back. Granted, I wasn't materialistic before this, and my lifestyle costs maybe 60k a year. That being said I have thought about a number of things I could do with the money; + +\- *Communal philanthropy:* maybe helping people in my community during these tough times will bring me some purpose and happiness. + +\- *Buying a nice auto:* I've been looking at a Porsche Macan, although I've never cared for cars. I currently drive a 7 year old mid-tier car and it's the best. + +\- *Upgrading my living:* I've in a rent controlled apartment for the past 10 years and I haven't cared for lifestyle. I would only really do this for dating and confidence purposes. + +\- *Dating on seeking arrangement:* This may seem wild, but it's a solution i've considered because my confidence to regular date has been totally destroyed by my current health. I have not done this yet. Before my illness I dated enough and had many profound relationships, and now lifelong friendships. + +\- *Health retreat:* I've been recommended by doctor friends to go on a health and wellness retreat to detach for a while. Maybe this makes sense. + +\- *Find world class medical care:* I was thinking about going to the mayo clinic, but I've heard stories about other long haulers who have gone and the results have been disappointing. + +\- *Therapy:* I am in therapy for this now, and have a good therapist. Maybe I need a second one. + +**Looking forward:** + +These days I spend my time yield farming, and the money continues to roll in. Otherwise I go for walks, listening to podcasts, and live a fairly solitude life, taking it very easy in hopes of getting healthy again. There is a chance I do get better as the weeks and months go by, there are many recovery stories. But there is also a chance I end up with CFS like symptoms for the long term. I don't think I have the energy to pursue a family now, maybe in a few years. + +What would you do to feel better? What things could help with my happiness? I appreciate all your help and advice. Thank you. +I am starting to not believe the former fed president's narrative that this was just to control treasuries exchange rates (saying that the goal was only to get them down from the 5 to 10 percent range). They are currently around 2 percent, and there was another 49 billion dollar infusion this morning... Are American banks not liquid? Why is it difficult to find more information on this? +I don't mean to start a shit-storm and please feel free to refer to and comment on Reagan, Bush 1,Clinton, Bush 2's policies as well. I am sincerely curious to learn the difference. + +Thank you and I apologize in advance if I've stirred and negativity. +I live and work in the Western Suburbs of [Sydney](https://en.wikipedia.org/wiki/Sydney), [New South Wales](https://en.wikipedia.org/wiki/New_South_Wales), [Australia](https://en.wikipedia.org/wiki/Australia). I commute to work by bus and train 7 days a week, and I am aware that my public transport costs are highly subsidised. + +Before you straight-up dismiss free public transport as a terrible idea, do note that Australian cities already have some of the lowest [Farebox recovery ratios](https://en.wikipedia.org/wiki/Farebox_recovery_ratio) in the whole world. Sydney makes a 73% loss on its public transport system. + +So if Sydney's public transport system is already making a massive loss, would it be worthwhile to enact [free public transport](https://en.wikipedia.org/wiki/Free_public_transport)?: + +* If Sydney (or more accurately, the State of New South Wales) does enact [free public transport](https://en.wikipedia.org/wiki/Free_public_transport), it would be the largest city with free public transport, and the next largest city with free public transport would be [Prague](https://en.wikipedia.org/wiki/Prague), which has 1/4 of Sydney's population. Therefore, is free public transport only feasible for small cities? +* Every day I commute, I take the [T1](https://en.wikipedia.org/wiki/North_Shore,_Northern_%26_Western_Line) and [T8](https://en.wikipedia.org/wiki/Airport_%26_South_Line) lines. On every T8 train and some T1 trains is a ticket checker - and every day, they catch a fare evader on the T8 (fare evasion seems to be less common on T1). Would ticket checkers be a major expenditure for public transport networks? +* [Australia's population growth rate is higher than the world average](http://theconversation.com/three-charts-on-australias-population-shift-and-the-big-city-squeeze-75544). Therefore, Sydney and other Australian cities are expanding their public transport networks to keep up with population growth. Is free public transport only feasible in non-expanding public transport networks? +* Since Sydney's public transport network is already heavily subsidised, would there be much benefit to making public transport free of charge? +The sentiment that indexes like the S&P 500 will return 7% per year over the long run seems to be very wide spread, but at the same time a common investment advise is past returns are not necessarily indicative of future returns. + +It doesn’t seem to be taken for granted that other countries overall stock markets (like Japan) will even return positive in the long run. + +What about the U.S. economy makes it so that this sentiment continues? Is it safe to say that the trend will continue for the foreseeable future? +This may sound like an odd idea but I was thinking that whomever feels as if they understand a sector at a deep level, you can describe various things about that sector as if you were talking to a 10 year old. The hope is that people can expand their circle of competence by reading the description of a scholarly individual of that certain sector while also sharing information on their ‘best’ sector. + +For example: “My sector is [blank], this sector generates revenue by doing [this], this company does particularly well in [this] economy, etc. +I have $1.2 million available on margin. Thinking of buying 20000 shares of GME at $25.88 and immediately selling 10/28 or 11/4 $26 CCs and pocketing 9%. Is this a dumb thing to do? What’s the downside here? +[https://www.smh.com.au/national/house-now-super-later-life-is-too-short-to-delay-purchase-20220516-p5alpr.html](https://www.smh.com.au/national/house-now-super-later-life-is-too-short-to-delay-purchase-20220516-p5alpr.html) + +This seems like terrible financial advice to me, and we should be asking why the SMH are publishing opinions from randoms who are not financial or economic professionals about hugely important policy topics like this. + +What are your thoughts? +Per title, if you had spare dollars to allocate to just one Canadian FI to hold for the medium to long term,, which would it be? + +18 months ago my answer would have been TD, but TD has become more expensive since then. + +Looking forward to thoughts and discussion. +Yo guys, +Some 20-30 posts with hairy ape legs and beaches supposed to show zen attitudes, not giving a fuck about hedgie shenanigans. Couple this with a fair amount of posts, to the point that RC bought far OTM BBBY calls for Jan 2023. This subtly shifting narrative from jacked tatas, being excited for GME Marketplace, and getting justice, to just being fully passive spectator with a nice drink. I have no problem with apes chilling out, and weve seen relaxed posts for over a year now. But the concerted effort this weekend hits differently. + + +Last year this time, all hands were on deck. How-to guides on how to truncate exit at dips, how-to guides for post-moass tendies, get your lawyers and shit, very creative phase with music, video, hype. This energy brought thousands of people here. Now, i see hairy legs being content. If i wanted to see that, maybe i would go to subreddits for new mothers. + + +Dont get me wrong, i have no beef with zen. But this shit about the entire SS now being about zen, ill pass. Jacked > zen. Thanks. +The question is why are you not DCAing into them during this dip? I only see the need increasing as our society progresses to 4k gaming, AR/VR, robotics, machine learning/ quantum computing/ AI, autonomous driving, etc. What is the actual downside if your time horizon is 10+ years? I just don't see how our society can progress without this industry significantly growing. Some would even say semiconductors are the new oil since they are now in virtually everything. What am I missing? +Ok here's the question: if you could only pick one ETF to hold your entire portfolio in and make regular contributions monthly and you had to hold it for 25 years. What would it be? +The question is why are you not DCAing into them during this dip? I only see the need increasing as our society progresses to 4k gaming, AR/VR, robotics, machine learning/ quantum computing/ AI, autonomous driving, etc. What is the actual downside if your time horizon is 10+ years? I just don't see how our society can progress without this industry significantly growing. Some would even say semiconductors are the new oil since they are now in virtually everything. What am I missing? +I was shocked when my friend told me they pay around $10,000 per year in body corporate fees for their single bedroom apartment. The place has two giant pools, multiple gyms and many elevators so I guess this makes sense… but apart from those obvious things are there any other unexpected/hidden costs to look out for? +LIKE THIS SO HE SEES + +WE APPRECIATE YOUR SUPPORT! + +But why not join the fight? + +Nows a great entry point and someone like you getting behind this will sure to have a positive impact just by your name alone. Including the fact that you also have the cash to make a huge influence and move the needle!!! + +This could lead to several billionaires getting involved (financially) and uniting with the people leading to the destruction of these HF MFers. + +Let us apes 🦍 come together over this rocket 🚀 and secure a safe flight for all. + +May the tendies be with you ! + +POS: 279 shares + +Edit: thanks for the awards but go buy $GME it’s on discount (not financial advice) +**1) These people came from the top companies in the world:** + +* [Full GMEdd.com list of hires](https://onedrive.live.com/View.aspx?resid=D645EE2EDB0B6!2167&authkey=!AMFLvwFiMuIKSHI) +* Companies include: Amazon, Apple, Google, Microsoft, Facebook, Chewy, Zulily, Walmart, Zappos, Intel, Disney, PayPal, Target, and the list goes on... + +&#x200B; + +* **2) They signed on KNOWING:** + * They were not going to get paid nearly as high a percentage in cash as at the career position they were leaving + * And that their compensation would be heavily weighted in GME shares **THAT HAVE TO VEST** + +&#x200B; + +* **3) And they are furiously buying up THOUSANDS and THOUSANDS of shares:** + * With their own fucking cash from their already lower % cash paychecks + * Which they started doing the very second the required quiet period after Q4 earnings release ended + +&#x200B; + +# CONCLUSION: + +# THEY ALL FUCKING KNOW WHAT RYAN COHEN HAS COMING + +# THEY ALL WANT IN ** RIGHT NOW ** WHILE THE PRICE IS BELOW ASTRONOMICAL + +# THIS IS WHAT YOU CALL, BULLISH AS FUCK + +... + +**Oh, and RC himself bought 100,000 fucking shares on top of his already 9 MILLION total, like the glorious mad chairman he is.** + +... + +CHEERS, YA FILTHY FUCKING BADASS, DRS'ing APES! + +\-E2 + +# EDIT: + +**Don't miss these outstanding comments!** + +* u/NotBerger: + * [**https://www.reddit.com/r/Superstonk/comments/tnxybp/comment/i240cio/**](https://www.reddit.com/r/Superstonk/comments/tnxybp/comment/i240cio/) + +https://preview.redd.it/1y54sa20dlp81.png?width=1350&format=png&auto=webp&s=8c0c7bf2d6967f8cdd72586783133ea7606362a1 + +* u/a_hopeless_rmntic: + * [**https://www.reddit.com/r/Superstonk/comments/tnxybp/comment/i23zrd6/**](https://www.reddit.com/r/Superstonk/comments/tnxybp/comment/i23zrd6/?utm_source=share&utm_medium=web2x&context=3) + +https://preview.redd.it/udy7h4vcjlp81.png?width=1008&format=png&auto=webp&s=986815bb87228dbcc876c13b9c1d027765b54c67 + +*Edit: Thanks for the Snek award, Mr. Chairman! :)* +Ok Reddit I need advice. + +It’s embarrassing but I have 160k in student loan debt. All of that is federal loans so they are low interest rates already so not worth refinancing. I am 27 and just need some advice on what to do because I feel helpless. I make 70k right now and live in the DC area so rent is pretty high. I have other bills to pay and shits tight with the $1k a month i’m forking over in loans alone. What to do and is my life hopeless now? +There have been very few cases where I've seen someone teaching some skill or profession, that is also recognized as extremely good at the skill they are teaching. But for me it's difficult to justify that in trading. What are the most common reasons, in you opinion, for someone that is exceptionally good at trading to teach others that profession instead of concentrating all their efforts in doing actual trading. +Recently gotten interested in trading and online money. I’ve been reading through multiple subreddits to learn how to effectively partake in online money handling. Any invaluable information you could give even small. I’m posting this for an info dump so feel free to put it all. +Or is this only reserved for the few traders who are actually successful? Apparently most traders fail to beat the market consistently... + +&#x200B; + +How much money would I NEED to start with to make significant enough gains? +How do I overcome such thing? A little background about my self I’ve been doing what I love the most which is trading. I’ve been doing good and being profitable but when I started to get a following, Started getting opportunities from other people of me managing their portfolio and I get a % cut. It is really a great thing to do since I’m scaling up how much money I could potentially make, even though it’s possible for me to do it but I pussy out and I always try to avoid opportunities like that even though it will be a game changer for me.. seems like I have a pressure on me when I take my trades now. Before I had a following or all of these opportunities, I was doing really well and consistent. + +Seems like I have a fear of leveling up my own trading career and at the same time have a fear of disappointing the people following me + +It’s like I always avoid or pass when there’s big opportunities coming in for me to take a next bigger step in my trading journey, + +TLDR: +When a bigger opportunity comes in, I don’t take it and want to stay in my bubble. Always telling myself that “I’m not ready” even knowing damn well I am. Any advices on this? +Idk why but for some reason SS won’t let me directly post my screenshots. If anyone knows why that is I would love to know. 🤷🏼‍♂️ +Never had any issues posting here before and I’ve been around for a hot minute. One of the first 5k members of SS + +[https://imgur.com/a/Oyibemc](https://imgur.com/a/Oyibemc) +You can find the actual sale price for any property here with a whole lot of useful filters https://www.valuergeneral.nsw.gov.au/services/sales-enquiry.htm +I +t only includes actual completed settlements so it will exclude very recent sales depending on what buyer/seller agreed. + +Figured more people should see this after the sold price post yesterday. You don’t have to rely on domain etc +I'm 27M, I live in a HCOL city (Seattle), my current salary is \~350k, NW is \~1.1 million. My bf and I don't plan to have kids. He's a teacher and doesn't earn as much so if we want fatfire, it'll have to come from my career. + +My current job is great. I love the work on my team, the people are wonderful, the WLB is great, it's growing my expertise in a desirable and transferable domain, and it's low-stress. I'm genuinely interested in what I work on on this team, the work is almost like a fun hobby. It's in a niche domain that I am positive I wouldn't get to work on at another company, at least not in the same way. Within the industry, this team is the leading one in this domain. + +The only thing I'm not happy with is the compensation. My datapoints show that I could be making 450 to 500k. + +I can't negotiate or get a counter-offer at my current company, a promotion to the next level isn't likely anytime soon, so I either have to suck it up or leave. + +Given that I'm already making 350k, is an additional 100-150k that important? After taxes, it'd come out to an additional 63k to 94k per year. I don't plan to have kids so I don't care about leaving an inheritance. At a new job, there's no guarantee as to whether I'd like the team culture or the WLB. + +At the same time though, I'm 27 and that money can compound. I still get stressed out about going to restaurants with my bf because I feel like I should be saving money instead. I also have a single mom I'll be financially helping out in the future. Additionally, I'm starting to feel underpaid and am starting to feel resentment building up. + +What would you do in this situation? I'm torn. Thank you in advance. + +&#x200B; + +Edit: Thank you for all the feedback! I really appreciate it. You all have made me realize a few things: + +1) Money will compound now better than ever, so even 2-3 years of that salary difference would end being way more after 15 years of it compounding. + +2) I have the privilege of taking as long as I need for the job search to find a great fit + +3) I care about money more than I thought I did and I don't care about WLB as much as I will in 10 years + +With that said, my next steps will be preparing for interviews and interviewing around until I find a great fit. I'll keep y'all updated with what happens! +Once again... Robinhood seems to have issues no real brokers should ever have. They halted trading on Doge today due to another high latency issue in another critical moment of trading. These guys have such a shady past that taking them seriously as a trading platform is just laughable. The MOASS will happen. It absolutely will... Can you honestly believe Robinhood will honor their basic function as a broker to buy/sell during the squeeze without any issues? If you even slightly paused at that question, you have proven that they cannot be trusted. If you even have to justify their past "outages" as some kind of a legit technical issue... Ask yourself if you've ever heard that from a real broker. + +Get. Out. Of. Robinhood. + +Get your peace of mind now!!! + +Solidify your future NOW! Transfers take no time at all. There are no excuses! My post isn't new and you need to afford this decision. + +You've been warned! And I want to see all of you apes on the moon! This is not financial advice. Do what you want. +Hi all, + +I just graduated from university in the U.S. as an international student on an F1 Visa. I've been offered a position to work for a US company remotely. In my interview process, I made it clear that I plan to return to my home country in the E.U. this summer and stay there long-term. My boss (and CEO of the company) said that was fine and that it shouldn't be an issue at all. + +&#x200B; + +Since I'm still currently negotiating my salary, I haven't gotten into any of the details of how this will actually work legally. I want to do some research on how I can best work this out before asking my boss about it. + +&#x200B; + +My understanding of my current options are: + +1. Go back to my home country, register as an LLC and work for the US company that way, meaning I'd be taxed under my home country. +2. Apply for OPT and work for the company as an actual employee but from my home country. I think this way I would be taxed under the US. + +&#x200B; + +Income taxes for the range I'd be paid would be about 45% in my home country, and only 22%-24% in the US, so I'd much rather be taxed under the US if possible. + +&#x200B; + +I'm very confused as to how to go about all this and what the best options are. If anyone has any experience with this or any advice, I'd greatly appreciate it. + +&#x200B; + +Thanks! + +&#x200B; + +TL;DR: What's the best way to go about working for a US company from abroad as an international student who just graduated from a US university. + +&#x200B; + +Edit: I'm from Portugal +Remember when the bull was strong and unstoppable, most people around me wanted to buy BTC. Most of them said and hoped that if BTC was still 30K I would have bought a shit ton of it. + +Those mates of mine now still do not buy and are hoping for it to dip to 10k or less. I told them that it is very unlikely. Not impossible but very unlikely. They still held strong and didn't want to buy till it dips more and I believe they won't even if it does. + +There is a saying and it goes something like this: + +**"If you cannot love (buy) me (crypto) on a discount, you don't deserve me when I bull"** +Crowd Control turned up to strict. + +**Do not PM a mod** if your post / comment doesn't go through. It is either because your content was flagged as spam, or your account is too new / has too little karma. + +As always, no stocks under $1B market cap, no crypto, no SPACs, don't spam, don't shill your merch / referral / wsb fansite / onlyfans, don't get overly political, and of course, prepare to make some tendies. +**\*\*\*\*\*\*\*\*\*\*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\*\*\*\*\*\*\*\*\*\*** +In my opinion, everyone should have a dash cam. It can potentially save you thousands of dollars if you get into an accident. It doesn't matter if you're a good driver, because guess what? Other people aren't. And you're driving within inches and feet of those people every day, especially in the city. + +One of my friends just got into an accident when another car ran a stop sign (along with speeding) and t-boned her on a country road. Guess what? The guy is pointing the finger at her and there were no other people around so no witness'. I have never been in that situation before so I don't know what's going to happen, I'm assuming she'll be going to court over this. If she had a dash cam, it would be an easy win for her. + +You can find a cheap dash cam on Amazon for sub $100. The really nice ones are around $300 or so, still pretty cheap for what it does. The one I have is around $150, HD recording, starts automatically when the car turns on. Records in a 90 minute loop. + +So if you don't have a dash cam in your vehicle, I HIGHLY recommend you invest in one ASAP. + +/r/roadcam + +/r/dashcam + +**EDIT:** Man, this blew up overnight. I'll try and go through my inbox and respond. Been getting a lot of questions on how dash cams work and how to "wire" them. There is no "wiring" needed, you don't need to be a mechanic to do this. I know absolutely nothing about cars. **All you do is take it out of the box, attach the camera to the mount that comes with it. Put the mount (suction cup) to your wind shield. Plug it into the lighter charger and you're done. It's really that simple. When you turn on the car it will start recording automatically. You don't need to touch it. It records on a 90 minute loop and stores 18 five minute videos on a SD card that comes with it. What if it gets stolen? Well, I live in a safe area so I never have to worry about that. If I lived in the city I would definitely take it off and store it in the glove box or out of sight somewhere** + +The dash cam that I have is the **KD Links x1**. So everything that I said is specific to that camera. I'd post the link here but people would probably get upset and accuse me of trying to make money. So just go to Amazon and look it up. It's a great camera and awesome customer service. +Hi everyone, Bob here, + +This is going to be part 2 of the series where we check out how things are lining up. I really feel like our wrinkles are coming together nicely with the DD we are independently doing, and arriving at very similar conclusions. In this chapter, We will be reviewing some choice DD and making some really neat connections. + +https://preview.redd.it/39nrny3r9mb81.jpg?width=500&format=pjpg&auto=webp&s=c08fc380d92ef16c0cadfb584169ad23e47e9c59 + +**PS, get jacked, because this DD has been reviewed by some of the greatest wrinkly minds I know of before posting. Hope you learn something, and gain some wrinkles yourself - god knows we need ‘em.** + +# Table of Contents + +I will be breaking this up into a couple posts because reddit is retarded - so retarded you cannot post over 40,000 characters per post. I guess they never anticipated the level of autism we could muster. 🤷🏽‍♂️. I hope you enjoy the first part of this series. + +# [Looking for Part 1? Go Here!](https://www.reddit.com/r/Superstonk/comments/s3n4pw/the_compendium_of_wrinkles_correlating_different/) + +[Chapter 1](https://www.reddit.com/r/Superstonk/comments/s3n4pw/the_compendium_of_wrinkles_correlating_different/): + +* [1.0 - Recap on understanding the T+ cycles and how they work, along with some insight to market mechanics](https://www.reddit.com/r/Superstonk/comments/s3n4pw/the_compendium_of_wrinkles_correlating_different/) + +1. [1.1 - T+ Cycles & How They Work](https://www.reddit.com/r/Superstonk/comments/s3n4pw/the_compendium_of_wrinkles_correlating_different/) +2. [1.2 - Supplemental Liquidity Deposits](https://www.reddit.com/r/Superstonk/comments/s3n4pw/the_compendium_of_wrinkles_correlating_different/) +3. [1.3 - CBOE Futures Cycles](https://www.reddit.com/r/Superstonk/comments/s3n4pw/the_compendium_of_wrinkles_correlating_different/) +4. [1.4 - Key Terms](https://www.reddit.com/r/Superstonk/comments/s3n4pw/the_compendium_of_wrinkles_correlating_different/) + +In This Chapter: + +* 2.0 - Notable Theories & Observations + +1. 2.1 - Leenixus SLD Theory +2. 2.2 - Gherkinit Futures Theory +3. 2.3 - Zinko83 Variance Swaps +4. 2.4 - Turdfurg23 Heartbeats +5. 2.5 - My Own Observations +6. 2.6 - Tying it All Together + +* 3.0 - Conclusions + +1. 3.1 - For The Wrinkles + 1. 3.1-🌈🐻 - Is Moass Inevitable? - An Exercise in Rationality + 2. 3.1-🚀🦧 - Is Moass Possible? And Could it Be Near? +2. 3.2 - For The Smoothest Among Us (Yes there’s a TADR) + +* 69.420 - Disclaimers & Sources + +# Theories 2.0 + +To do them justice, I’ve asked each DD author to contribute to this section however they saw fit. I ~~highly encourage~~ **demand** that you take some time to read, updoot, and understand these DDs I will be linking in this section. They are great reads and worth your time. + +# 2.1 - Leenixus SLD Theory + +**Source DD:** [February 22 - The next GME option clearing cycle & GME bull run](https://www.reddit.com/r/Superstonk/comments/s0i4bu/february_22_the_next_gme_option_clearing_cycle/) + +From u/Leenixus + +[ This image is the summary because unconfirmedly i believe that's when the previous month's expired options are cleared](https://preview.redd.it/3j1nq2of7mb81.png?width=625&format=png&auto=webp&s=f809e63341f75f25eeb06b1689f8b33efbc3270f) + +**More Detail on the Theory & Example from the DD** + +**GME Example** + +In this example, you’re seeing the day on which the GME dong appears. The progression is Feb 24, May 25 and Aug 23. + +[u\/leenixus SLD cycles](https://preview.redd.it/k350jqam7mb81.png?width=2449&format=png&auto=webp&s=b87f5ec97c5e460a5762e85203990690130294ae) + +*Legend:* + +1. Dotted Green Line: **NSCC SLD Deposit Period Opens** +2. Bright Fat Green Line: **3'rd Friday of the Month / SLD Deposit Deadline** +3. Second Bright Fat Green Line: **Tuesday next Week** +4. Thin Pale Green Line: 6'th and last to final day of CNS/Netting +5. Red Line: Last day of option netting & return of remaining SLD to banks. +6. Yellow Line: **Futures Roll Date** +7. Dotted Yellow Line: **Futures Expiry** + +You’ll notice that as I previously said that the month where GME moons is ALWAYS the month before the futures roll month (First Yellow Line = Roll Date) and that it’s almost **always the Tuesday after the 3’rd Friday of every month every 90 days.** + +**Some extra information here,** any time between the date that futures will be rolled forward & futures expiry in the next month, GME takes a dump. Incidentally, this is also ALWAYS when GME earnings are scheduled. Make your own conclusion as to why this happens, i have mine. + +# 2.2 - Gherkinit Futures Theory + +**Source DD:**[ Moass Trilogy: Book 1](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/),[ Book 2](https://www.reddit.com/r/Superstonk/comments/qxbzim/moass_the_trilogy_book_two/), and[ Book 3](https://www.reddit.com/r/Superstonk/comments/qzcag6/moass_the_trilogy_book_three/) + +From u/gherkinit + +So the plan for this DD is as follows: + +* The events leading up to and causing the gamma ramp/volatility squeeze that occurred in January. +* Tie together the ETF, FTD, Options and Futures cyclical movement that drives GME price action +* Lay out my futures cycle theory and explain the price movements on GME to date +* Explain why January's run did not cause the expected short squeeze on GME +* Take a look forward, using the same unavoidable market mechanics, to determine where SHFs, MMs, and ETFs are most exposed. +* Present a case for retail to in fact be the catalyst for MOASS +* Discuss the how and why , this is possible. +* Dispel the misinformation regarding options and present multiple ways they can be used effectively by those with the requisite knowledge. + +I will attempt to make an evidence backed case for each of my conclusions and try to tie all of this together in a way people can digest and understand. + +**The Pieces of the Puzzle:** + +* **Section 1:** **Futures Roll Dates** + * \*\*The Roll:\*\*This is marked by an increase of volume and price into the roll date, followed by a drop immediately afterwards. (Feb-Mar and Jun - Jul) + * \*\*The Fail:\*\*This is marked by a sharp spike in volume several days prior to the roll date then a decline in volume and volatility until a window of activity appears (anomaly) T+35 days after the roll date. (these T+35 dates also lined up with spikes in SEC FTD reports) +* **Section 2: ETF Exposure** + * We were fairly confident at this point in our research that ETFs represented a significant part of the short exposure on GME. +* **Section 3: The FTD pileup** + * Since the futures fail patterns have a unique outcome that causes this anomaly window what exactly drives that anomaly in the areas in between the ETF exposure dates and the the subsequent futures roll. +* **Section 4: January IS absolutely unique!** + * One day a year in January the highest amount of open interest and thus gamma exposure in the options chain occurs…GME LEAPS and ETF LEAPS expire simultaneously + +These dates and windows (futures) track almost every single move on GME since September of 2020. If it didn't happen on one of these dates/windows then it happened within their respective settlement periods (T+2/3) + +[u\/gherkinit futures theory in a nutshell](https://preview.redd.it/9olayl3w7mb81.png?width=2396&format=png&auto=webp&s=047c86d3b1d3d93572f0d2adbe2830f403be98a7) + +# 2.3 - Zinko83 Variance Swaps + +**Source DD:** [Volatility, Variance, Dispersion, Oh my!](https://www.reddit.com/r/Superstonk/comments/qmtt6q/volatility_variance_dispersion_oh_my/) + +From: u/zinko83 + +First thing is first, what is a variance swap? In simple terms it is a bet on volatility. The seller is going to receive a fixed payment called the "fair variance strike as vol" which is a fancy way of saying annualized implied volatility over a period of time (usually 30,60,90 days). The volatility strike is going to be calculated and agreed upon inception, that is going to be the fixed payment that the seller receives upon maturity. The opposite side of the trade is the buyer, the buyer is going to receive "realized variance" payment on maturity, meaning that it is going to get paid based on the volatility realized during the agreed upon period. + +Here is an illustration showing the "vanilla" variance trade. Note the word "vanilla" not all trades are done this way: + +[u\/zinko83 Variance Swaps](https://preview.redd.it/6817bwe08mb81.jpg?width=892&format=pjpg&auto=webp&s=a602253bafdfd2ac6325d5c131a1f81c0cdf6f61) + +Variance swaps, or volatility based swaps in general, seem to play a key role in this trade. Considering Citadel's entrenchment with it, it's easy to see to me anyway, how he was cocky enough to take on Melvin's position. Thinking he could hedge it away, internalizing all the risk and profiting off of dispersion trading and systematic variance shorting until everyone got bored and they could get out cheap. + +The problem is growing for them, people have held and bought more, making the risk that got/gets internalized much heavier to carry, meaning they have to release that risk back into the market sometime causing unwanted and unmanageable tail risk to hedge away which can in turn make the problem worse (see a couple months ago). **DRS is having an effect simply because it basically marks registered shares as insider shares thus removing them circulation making delta hedging (which is daily on replicating portfolios) much harder and more costly.** + +# 2.4 - Turdfurg23 Heart Beat + +**Source DD:** [Gamestop and The Market Heartbeat](https://www.reddit.com/r/Superstonk/comments/rl6yg8/gamestop_and_the_market_heartbeat) + +From: u/turdfurg23 + +The two biggest ETF providers and lenders are Blackrock and Vanguard. Throughout most of the year over leveraged funds and short hedge funds have direct access to large numbers of shares in these ETFs. Blackrock and Vanguard are happy to collect the fee's associated with lending shares and their sponsors get a nice paycheck. Now to the interesting part in the data where I noticed high volume cycles. For example Vanguard (The biggest holder of GME) has predictable high volume cycles called "wash trades" Wall Streets dirty little secret you can read about on Bloomberg. It's an abuse of the ETF system structure to wash high volume through ETFs to avoid taxes. While they are doing this Blackrock and Vanguard are largely not lending shares and tell over leveraged and short hedge funds to go elsewhere for their shares. These cycles happen on a quarterly basis December, March, June, September. + +[https://www.bloomberg.com/graphics/2019-etf-tax-dodge-lets-investors-save-big/](https://www.bloomberg.com/graphics/2019-etf-tax-dodge-lets-investors-save-big/) + +[u\/turdfurg Heartbeat Wash Sales](https://preview.redd.it/cfbpx4h38mb81.png?width=2610&format=png&auto=webp&s=57eed0712a0a35c5ed50a93a62cda6c728ce0fc6) + +# 2.5 - My Own Observations + +**Let’s look at options first, because it has me the most jacked!** + +Some of you might remember a [recent DD update on a DD update on a DD update](https://www.reddit.com/r/Superstonk/comments/rw4769/dd_reposting_for_visibility_update_to/) I did for my series of research. Something that’s really *really* been bothering me about my data is the [offset for the C35 options tracking data](https://www.reddit.com/r/GME/comments/o352a4/update_on_t21_cycles_and_dd_on_dd_by_ucriand_and/), seen here: + +[Something Seems off...](https://preview.redd.it/5df7got58mb81.png?width=1291&format=png&auto=webp&s=cdb9ff4d1033329094656b0f5518d9c96f74977e) + +Then I had some conversations with some of the other wrinkles, and after u/gherkinit was kind enough to waste some time on my smooth brain discussing the finer details on how ETF FTDs are created, and the timelines around them (which you’re all experts on now) - if not, go fucking read the first section of this DD… it finally clicked: I was missing the settlement period for the options. The **T+2** that happens before the **C+35** FTD period. So, I ran back to my hole, and did some frantic calculations on the keyboard, and … HOLY SHIT, just look at this beautiful chart it created when i simply (and correctly) updated the C35 Options calculator to T+2+C35: + +[It's all coming together!](https://preview.redd.it/xz7zrt578mb81.png?width=1236&format=png&auto=webp&s=849823013c98c242367028380b5c9d7b0e0aea74) + +**Also in Crayon** + +[The Colors! Nice when thing match up!](https://preview.redd.it/rocqrdl88mb81.png?width=2478&format=png&auto=webp&s=72dc23304d510d772dd0090bb6eb636fb018e3ff) + +Yes, HOLY shit… I was right all along, but was too fuckin smooth to calculate the dates right. Sorry folks, but now we know… + +https://preview.redd.it/ff6a3cqd8mb81.png?width=860&format=png&auto=webp&s=4d06a95e18f605db3d5ac4fd5fd81697dc0f5673 + +But there were still questions. We know what is happening, but **WHY** does the expiration for these abusive looking options OI correlate so fuckin’ well to the green johnsons we all know and love and yearn for. **WHY** does it work this way? + +u/zinko83 **has entered the chat.** + +Go read and fully understand [that wrinkly DD](https://www.reddit.com/r/Superstonk/comments/qmtt6q/volatility_variance_dispersion_oh_my/). Or at least understand this: He pointed out a correlation in the data he was looking at with swaps that DIRECTLY correlates to the spikes i'm seeing as well. When the large OI is removed (swaps dropped), we see our johnsons at C35 from those dates. Because they are exposed and likely running these hedges that zinko talks about *naked.* So when this is dropped, they are exposed, naked, and afraid. + +# 2.6 - Tying It All Together + +**To Recap:** + +So, we’ve reviewed multiple theories by some of the communities greatest DD writers (myself excluded) of our time. Here’s the interesting part: + +**We seem to have come to similar conclusions from multiple different angles.** + +**Lets see…** + +We have multiple DD authors writing about dates for different reasons. Some think it is related to SLDs, some think variance swaps play a role c35 after they fall off, others have observed heartbeats to evade taxes. What’s more, is one big brain motherfucker worked together with a lot of wrinkly apes to find several pieces of the puzzle that all fit nicely together. Shit, the only thing I’ve really contributed to this whole thing is collecting data, and drawing wild ass correlations. + +**Confused and need a hot crayon injection? Look no further:** + +[Observation of Multiple DDs coming together](https://preview.redd.it/cu93ealf8mb81.png?width=3258&format=png&auto=webp&s=23fac31b4435676daf2646230d3c1a5dae6ebb61) + +**Also,** u/zinko83 **noticed that we get spikes C35 after the swaps fall off** + +[More basis matching dates and spikes](https://preview.redd.it/n50xx1yg8mb81.png?width=1272&format=png&auto=webp&s=8b301afda0ce022091be783232742cff51bbe813) + +**Oh, and don’t forget to check for tax evasion all along the way. (**u/turdfurg23**)** + +[All ETF Heartbeats](https://preview.redd.it/igep9w7k8mb81.png?width=3190&format=png&auto=webp&s=7e92715b7414d1e0cc3114f8fabfe667a905ea1c) + +**Edit:** Final thoughts here: I cannot believe I forgot to mention /u/leavemeanon's where are the shares series. This is a master series DD that explains how ETFs play a critical role in this saga. + +* [WHERE ARE THE SHARES (Part 1) Resurrected](https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip_uleavemeanon_where_are_the_shares_part_1/) +* [WHERE ARE THE SHARES (Part 2) Resurrected](https://www.reddit.com/r/Superstonk/comments/nt8qzj/rip_uleavemeanon_where_are_the_shares_part_2/) +* [WHERE ARE THE SHARES (Part 3) Resurrected](https://www.reddit.com/r/Superstonk/comments/nt8t9n/rip_uleavemeanon_where_are_the_shares_part_3/) + +**An interesting excerpt on the puts that are about to expire from the part 2 - go read it!**: + +>[**GME options data**](https://www.barchart.com/stocks/quotes/GME/options) is.. well, just go look at it. +> +>I’ve been watching it for a while and I can tell you - there are far more expiration dates (potential contracts) right now than there were 3 weeks ago. The suspicious dates, however, are **7/16** and **1/21/22**. +> +>The open interest (OI, total number of contracts yet to be settled) for puts expiring on those two dates is over 650,000. Multiples of other dates. +> +>Even weirder, almost 350k of that OI is at $0.50 and $1.00 strike prices. Those strikes prices **don’t even exist** on any other dates. +> +>*So what can this mean?* +> +>Who tf knows. It is really weird, I’ll say. I mean, can those puts even *be* relevant at $0.50?… + +# Conclusions 3.0 + +# 3.1 - For The Wrinkles + +# 3.1-🌈🐻 - Is Moass Inevitable? - An Exercise in Rationality. + +In our review on this DD, one really wrinkly ape that I respect the hell out of wanted to point out some possibilities that could result of netting off the exposure through Continuous Net Settlement (**CNS**). Remember when reading, that CNS applies to FTDs, both in GME and GME containing ETFs. + +I’m choosing to add this section because its important to stay rational in all this. If you are here for the usual rockets I post in my DD **(I AM BULLISH AF),** you’ll find that section/recap after the wall of text below. + +🌈🐻🌈🐻 ***Anti-Moass Bear Thesis Warning - May Unjack Titties*** 🌈🐻🌈🐻 + +***Here’s what they had to say:*** + +[A solid run down of Net Settlement actions with examples of share movements.](http://brokerage101.com/ssettle.html) + +The nuts and bolts of how the volume matters and the CNS impacts can be summed up with a few key points: + +1. **Continuous means continuous.** There is no method of preventing it from happening and there is not method of making it happen. It is an automated system that runs in premarket, consolidating and netting all transactions in after hours, and in aftermarket, consolidating and netting the day's transactions. +2. **It is a First in, First out system**. Meaning that obligations created yesterday are cleared today and today's obligations are automatically rolled to tomorrow. +3. **It is based on an individual brokerage firm (not fund, investment bank, etc)**. Meaning it does NOT take into consideration WHO buys or WHO sells, only that there was a buy or a sell. +4. **It is based on the net trading from the reporting brokerage**. Meaning CNS also does not care how many buys or how many sells, it ONLY cares about the net positive or negative. +5. **Its purpose is to match transactions to shares**, so it is only in practice when there are not shares to be matched in one direction or the other. When obligations at brokerages exist, CNS is responsible for auto-netting, clearing, OR rolling the shares forward. The point is netting to a zero obligation. + +***What does this look like?*** + +**Day 1:** Imagine you and your friend just became the two big brokers in the market. It is your first day trading for your clients. Congrats. At the end of the day, through all of the transactions you orchestrated, according to your tape, you, as a net seller, have a "long" position of 500 shares. Your friend, though, was unable to secure his shares as easily, as a net buyer, he has a "short" position of 1000 shares. In this small world where you two are the only brokers in the game, your net ends with a -500 balance. This balance now rolls over to the next market day. You have 500 potential FTDs, floating on your books as broker. Not to worry though, you still have one more day before they are truly FTDs (**T+2** remember)! + +**So, day 2**. Volume surges but you net even for the day... FUCK. CNS ONLY deals in netting out the imbalance. Your friend still needs his 500 shares and now you have 500 FTDs legit reported at the T+2 cycle date. You are a brokerage firm. NSCC doesn't know who among your clients are not delivering the shares for netting but YOU do. NSCC doesn't care, but YOU do. Why? Because in the end, according to REG SHO, the broker has responsibility for the delivery of the FTD NOT the client, because you have more to lose..... so....... what is the fix here? + +Well there are TWO consolidation cycles a day. You, completely legally, encourage after hours volume surges. More volume comes into brokerage, especially after hours, more shares are available to net. Premarket consolidation and netting occurs and the roles have reversed. You are sitting on 500 shares long, 500 immediately clear your FTDs. + +**But what happens if there are not enough shares?** You just push volume as much as possible. Positive or negative netting is still netting in one direction or the other and the CNS is "First in, First out" so the volume of tomorrow will clear the FTDs of two days ago and create new FTDs to be dealt with two days from now. + +*You might be thinking that CNS sounds an awful lot like an FTD rollover machine? And you are 100% accurate in every way.* + +*Here is the hard truth. The system is built to be a fortress of checks and balances. Stable rigid gears and weighted levies holding back the potential flood of silt and loss. The most important reality of why the CNS matters in this is because, in a speculative market driven by the pressure of undelivered shares, the fact that a completely automatic, non-custodial, and purposeful cog of that machinery is built to automatically roll over the very thing causing that pressure, should be a very telling truth.* + +**Edit: at request, my thoughts on the bear thesis.** + +I thought I'd add somewhere here with my thoughts on the above bear thesis. It is based on the idea that the sHF can "uncoil the spring" and deleverage over time through CNS, and they are 100% correct. This is absolutely possible, but it will take an *inordinate* amount of time to do this, especially with apes buying more shares every day. Buying more shares that don't exist trigger MMs to naked short sell those shares to diamond handed apes (see part 1 for more explanation of this). This effectively *increases the actual SI on GME*, and I believe this to be happening since January at least - possibly before that. I'd like to see some DD or do some myself to estimate this effect using the volume data and short flows on a daily basis. Anyway, I digress: + +Even *If* it were completely possible to deleverage over time, the fact that CNS requires liquidity and DRS creates illiquidity makes this bear thesis very **VERY** hard to believe being the future of GME. Maybe it's just my bullish bias, but... + +# 👆🏽👆🏽If you ask me, the dude that wrote that could use a little hopium + +https://preview.redd.it/o01oazd5amb81.jpg?width=600&format=pjpg&auto=webp&s=22b07ebd123340dfd9c1df35cca728b75b7a7e44 + +# 3.1-🚀🦧 - Is Moass Possible? And Could it Be Near? + +***🚀🚀🚀🚀 Bullish AF Observations. Warning: May Jack Tits 🚀🚀🚀🚀*** + +**It looks to me, through all my research and analysis of the DD, and data that we have a lot of things happening here (go figure).** + +I think the game was identified by u/gafgarian (now a 🌈🐻, but we still love him) way back when when he posted his [epic FTD cycle DD](https://drive.google.com/file/d/13_17tz94egE1eurlWvkrGFKQDqU54Dfx/view?usp=sharing) (warning - drive link), then the big sneeze happened. This is (I think) when they got into variance swaps heavy ( u/zinko83 ), and the exposure in the cycles identified by u/gherkinit were really exacerbated. Now we find ourselves in a heavily illiquid stock, that is probably still sitting at well over 100% SI (I can elaborate on this if you’d like - ask me), and we have literally nowhere to go but up from here. What’s more, is if you check out DFV’s original thesis, a lot of that which he discusses has already come to fruition. And I think GME has already blown out some of those expectations. What's more you ask? GmeDD’s new report is bullish AF from a fundamentals perspective. BTW, u/deepfuckingvalue, if you’re here watching this all unfold, **what the fuck dude, go enjoy yourself - you’ve earned it!** But seriously, I’m curious what your analysis might be on the stock these days. **My bet would be bullish ;).** + +# 3.2 - For The Smoothest Among Us <3 + +I thought it’d be nice to part with a little TADR. First, let's take a hit of that sweet nectar we call hopium. + +**If we look at the combined chart, You can see the following:** + +https://preview.redd.it/2wbvv01n8mb81.png?width=1199&format=png&auto=webp&s=a73e86afb13a0c65c7d59d17698c91f3155dd926 + +Edit: Lots of apes asking for a TADR: + +**THIS IS THE TADR** + +The best DD writers (in my humble opinion) as of late are all converging on patterns that pretty much line up with each other. Maybe it’s futures driving the price action, Maybe it’s variance swaps? Maybe it’s simply a liquidity squeeze, and observed when money is temporarily taken away during the SLD periods? Maybe it’s all of the above. You be the judge. Personally, IDGAF who’s theory is right, as this raggtag group of apes have uncovered so much fuckin fuckery in our financial system, particularly on GME, it’s amazing to behold. Even more amazing is the fact that these guys came from different angles and all arrived at the same conclusion: + +https://preview.redd.it/x33jnmfo8mb81.png?width=960&format=png&auto=webp&s=99712915899401da02a29fc6f5d1a93c19d60ee7 + +Credit to u/Bosse19 + +**What’s this mean? What does the future hold?** + +https://preview.redd.it/mqdrixrp8mb81.png?width=552&format=png&auto=webp&s=92a97e023c14994b6cab9d0741b0fa646f35ab90 + +# Closing & Disclaimers 69.420 + +Thanks to all the contributors of this DD, and thanks for all you do for the community. I am really glad I found you all, and you welcomed me into the fold. I’ve learned so fuckin much from each and every one of you, and cannot thank you enough. There really is a wealth of information here in the ape community, so don’t be shy - reach out and form a wrinkle or two! + +Oh, and u/yelyah2, don't think I forgot you - I just need more granular data to add [your theory](https://www.reddit.com/r/Superstonk/comments/rxtqpg/gme_delta_neutral_update_hedgies_r_fd/) to this. To quote u/zinko83: + +>I'd bet my next paycheck that those sensitivity spikes you are observing would correlate nicely to where Zinko sees the swaps drop off. + +But joke's on you, I don't get paychecks... + +**TO THE MOON!** + +**Disclaimer**: + +1. **DRS:** I like DRS’d shares because they are supposed to help curb fuckery. [I even built a DRS tracker](https://docs.google.com/spreadsheets/d/1p3GoDy4Lg8cwjKMR3fVxCh5B547mwn8iY04AOdKu1g4/edit?usp=sharing) that I probably should update sometime. Who does this shit if they don’t like DRS? +2. **Options**: I like options, but they are risky AF - please understand the risk and mechanics of options before considering them as a way to leverage your position. u/leenixus is currently writing up some DD series on options if you’re interested in learning about them. [Here’s the first in the series](https://www.reddit.com/r/Superstonk/comments/s29jhd/option_basics_what_are_options_vol_1/?utm_source=share&utm_medium=web2x&context=3). +3. **NFA Bitches:** Nothing of what I say or present in reddit form or elsewhere is financial advice. Quite the opposite actually - It’s just the slightly coherent ramblings of an autistic ape who eats so many crayons they shit rainbows regularly. +4. **BULLISH AF ON GME** + +**Sources:** + +[MM](https://www.investopedia.com/terms/m/marketmaker.asp) | [AP](https://www.investopedia.com/terms/a/authorizedparticipant.asp) | [RegSho and Locate Reqs](https://www.sec.gov/investor/pubs/regsho.htm) | [FTD](https://www.investopedia.com/terms/f/failuretodeliver.asp) | [Settlement](https://www.investopedia.com/terms/s/settlementdate.asp) | [AP Agreement](https://www.sec.gov/Archives/edgar/data/1748425/000119312520270276/d98712dex99h3.htm) |[CNS](https://www.dtcc.com/clearing-services/equities-clearing-services/cns) | [Swaps](https://thelawdictionary.org/basket-swap/#:~:text=A%20CREDIT%20DERIVATIVE%20contract%20that,buyer%20with%20a%20credit%20HEDGE) + +**Backup:** [On my Drive under the DD Folder](https://docs.google.com/document/d/1QfvN4mRza4VpJF745foy0LuAeV6sTc25YEjTRrynGFs/edit?usp=sharing) + +**PS**: Please let me know if anything is inaccurate here, I will update for accuracy - just don't be a tool about the way you present the information, and please provide sources. + +# [Link to part 1](https://www.reddit.com/r/Superstonk/comments/s3n4pw/the_compendium_of_wrinkles_correlating_different/) +Spending a lot of time at home in this pandemic, and have been trying to make more home more... zen... and more luxurious. + +What homeware products have you really come to appreciate? Expensive body washes? Table and bath linen? Fresh flowers every few days? Expensive indoor plants. + +Sorry, not sure if this is a FAT topic, just want to up my home comfort. Thanks! +New York (CNN Business) Bitcoin and similar cryptocurrencies have gone increasingly mainstream, but Tuesday's announcement that Venmo is adding crypto support just put crypto access in the palm of everyone's hand. + +Venmo, which is owned by PayPal (PYPL), said its more than 70 million customers can buy bitcoin [and other coins] for as little as $1. + +Cryptocurrency can often feel confusing and inaccessible to newbies, so Venmo will offer in-app guides and videos to help answer commonly asked questions and share information about the world of crypto. + +The payment company hopes that this new initiative "demystifies some of the common questions and misconceptions that consumers may have," Darrell Esch, senior vice president and general manager at Venmo, said in a statement. + +More than 30% of Venmo customers have already started purchasing cryptocurrency or equities, according to the payments company. And 20% of those customers started doing so during the pandemic. + +Last week, crypto enthusiasm soared as trading platform Coinbase went public at a valuation of $86 billion... Cryptocurrency backers have spent years insisting that bitcoin and other digital coins could revolutionize the world of finance. That hasn't happened yet, but Venmo's announcement is another example of how crypto is creeping ever closer toward mainstream acceptance. + +Venmo is joining a list of other companies that recently began recognizing or accepting cryptocurrencies. Tesla has started accepting bitcoin payments for its cars and now holds some of the digital currency on its balance sheet. Payment processors including Mastercard (MA), and Visa (V) are trying to streamline crypto payments on their networks. Goldman Sachs will reportedly soon offer its private wealth management clients avenues to invest in bitcoin and other digital currencies. And Morgan Stanley announced that it will offer its wealthy clients access to bitcoin funds. + +https://www.cnn.com/2021/04/20/investing/venmo-cryptocurrency/index.html +I am usually situated in Dublin, Ireland but also open to invest in other EU markets: Netherlands, Germany, etc. I really want to create an investment strategy for myself where I try to invest into multiple residential properties over the next 10-15 yrs. I want to inform myself more about this topic by learning how to eg. request multiple mortgages, what market indicators can I best look at when investing, etc. Can someone help me with how I can best inform myself to start creating this investment strategy. Are there certain resources I can look at, are there people I should network with? How do I get the ball rolling? +RC Ventures has Filed a Form 144. This does not mean he has sold. This only means RC Ventures now has the right to sell within 90 days. **THIS IS FUCKING BULLISH!!!** + +Under rule 144, more than 1% of total outstanding shares or the average of the previous four-week trading volume can be sold at a time **AFTER** the disclosure. + +Key note here: This filing takes place before a sale. This does not indicate he has sold beds and does not force him to sell either, it just gives him the option to sell a large stake within 90 days. + +IMO this is a huge indicator that RC believes beds (and in unison because of swaps and stuff, GME) is going to explode in the next 90 days! + +Don't let the FUD get you, IMO this is a good indicator that RC likes what's coming. + +https://preview.redd.it/nyw7ba7q4ci91.png?width=949&format=png&auto=webp&s=640efb773509ea00db36fc447bb853fecac28428 + +EDIT: Adding the following image to show the actual SEC filing and what it says. + +[Highlighted the section about \\"potential sale\\".](https://preview.redd.it/2dmimmt18ci91.png?width=1055&format=png&auto=webp&s=ee6715e61459248a382cc624e1e1e18080b38332) + +EDIT 2: Looks like I got this one wrong. Did some TA and don't like the looks of BBBY in the near term. Too many gaps down low and dropping through support levels. + +EDIT 3: Did RC pay off debt for BBBY with the short swing rule? Need some wrinklies. BBBY filing this morning saying they reached an agreement with RC was interesting and positive. + +EDIT 4: this here is some solid speculation on what happened this week - [69-D Chess](https://www.reddit.com/r/Superstonk/comments/wrvoo5/gme_and_bbby_rc_turning_tables_in_69d_chess/) + +As always.. + +See you space cowboy! 🚀 +Hi guys. I've been a subscriber and lurker here for over 5 years and one of my favorite things to read are the "how you got to where you are" stories. I told myself that once I hit $300k, I'd tell the first \~5 years of my FIRE story. I hate lack of transparency and ambiguity, so I'll try to be as open as I can. I tried to include everything that I would want to know if I was reading someone else's post. Feel free to ask me any questions. + +**There is a TLDR at the bottom of this post. You probably want to read that first to see if you're interested before investing your time in conquering this wall of text.** + +**Also, you can skip the wall of text below about my childhood/college/relationship stuff if you're just interested in the "numbers". I just wanted to include this background to provide context and credibility.** + +* **Age:** Current age is 26. Discovered FIRE via MMM in October 2012 at the age of 19. It blew my mind. +* **Childhood:** I come from a rural, solidly middle-class background. I owe all my success with my academics, career, and finances to my parents. My dad is a mechanic and my mom is a nurse. Both are very frugal and they passed that down to me. They are natural savers and maxxed out their 401(k)s and IRAs every year on their modest incomes. We never had the "nicest" things growing up, but they gave me an amazing childhood. They also valued "experiences" more than "things", so we would grow up going on trips to Washington DC, NYC, Philadelphia, San Francisco, etc. instead of buying me the latest video game console or Abercromie clothes. They also pushed upon me the value of education. They had high academic expectations for me and I was always at the top of the class because of it. #thanksmomanddad +* **College Years:** I received a bachelors in business from a top public in-state university. I was in-state, so it was already a great value, but I was also very fortunate to receive a full-ride academic scholarship from the university. In high school I was valedictorian. I also had good test scores and very good extracurriculars. My parents saved about $20k for me to go to college in a 529 plan. They gave $10k of that to my sister since she didn't receive any scholarships and gave me the other $10k as a college graduation gift. This is the only "windfall" that I've ever received (other than my scholarships). I also received another \~$1,000 a year from a couple other small scholarships that I won. Those scholarships obviously covered my tuition and books, but I still worked a few jobs in college to pay for living expenses and save the extra. My last 3 years of college I was an RA for campus housing. The way this worked was that I lived in the dorm with freshman students as a student leader and in return I got my dorm housing and meal plan paid for. Since I already had a full scholarship, I essentially got to "bank" this money (roughly $4k a semester) for 8 semesters. Starting my 2nd year of college I also got a job working 10 hours per week at a local law office making $10 per hour. I did this job for about 2 years. After my 2nd year I got a summer internship working for a local Fortune 500 company making $19 per hour. I worked this job all summer and then convinced them to let me stay on part time working 20 hours per week for my entire 3rd year of college. So my 3rd year of college I worked as an RA in student housing (very little "work"), at the law firm 10 hours per week, at the Fortune 500 20 hours per week, and took a full course load (\~15 credits). This was the first time in my life that I really started making money and was getting addicted to making money and saving money. At the end of my 3rd year of college I left my corporate internship and got a different summer internship at a different local Fortune 500 company making $29 per hour. I quit working at the law office around this time, but was still an RA. I worked this internship all summer and at the end of the summer I received a full-time job offer to work for this company once I graduated the next May. I really liked this company and this industry so I accepted the offer. I also convinced them to let me stay on part-time working 30 hours per week while I finished my last year of college. My senior year I was only working this internship and my RA job while taking a full course load. This only worked because I would work from \~7am-1pm every day because I scheduled my classes so that they were all in the afternoon. Because of all these jobs and the scholarships, I graduated with no student debt and was able to save \~$60k after my other expenses. I maxed out my Roth IRA my last 3 years of college and also put some extra money in a taxable account. The rest I saved in cash. I didn't graduate with a perfect GPA, but it was still above a 3.50. +* **Relationship:** The most important part of my life is my SO. We went to high school together and college together. We've been dating for 9 years. She is (now) very frugal and a great saver. She comes from a low-income household and received a few grants and scholarships every year, which paid for most of her college. The other half was paid from her working a co-op ($16/hr), summer internship ($18/hr), and part-time job on campus ($8/hr). She graduated with no debt, an engineering degree, and $20k saved up. We've lived together for the past 4 years (splitting rent!) and are getting married in a couple months. Since this is a financial subreddit, I'll just go ahead and tell you that our wedding will cost $9k-11k. All of the numbers below about my budget/income/savings do not include her numbers. We split everything 50/50 even though my income is a little higher. She is dead-set on the path to FIRE (after a couple years of brainwashing ;D) and she has a similar budget. She just crossed over the $100k net worth milestone last week, so together we're right at $400k net worth. +* **Income:** I graduated college at age 22. First full-time job was making $55k. Now I make $82k at age 26. I'm a typical "financial analyst/project manager" for a Fortune 500. It's a pretty low-stress, 40 hour per week job, with 10-20% travel to support clients. If I had never negotiated twice for more money, I'd be at \~$68k right now instead of $82k. I'm still at the same company that I started at and not necessarily looking to change anytime soon. I really love my team, boss, work-life balance, and the work that I do. I also live less than 1 mile from my office, so I walk to work everyday. +* **Home:** We live in a lower-cost-of-living city in the south (not the crazy HCOL areas like NYC or SF). Our rent for the first two years out of college was $1,500 per month ($750 each) for a 1-bedroom apartment in the nicest area of the city (and walkable to my office). About 1.5 years ago we bought a 435 square-foot, 1-bedroom condo in the nicest part of the city for \~$125k. We did this as a way to maximize the efficiency of our monthly budget, not necessarily as a long-term investment. We plan on living here for at least the next 5 years (we want to have kids in our early 30s), then keep it as an investment property. After living here for 1.5 years we absolutely love it. It seems "too good to be true". +* **Monthly Budget:** $821 + * Mortgage/Property Taxes/HOA/Home Owners Insurance: $361 (my half) + * Utilities: $50 (my half) + * Phone: $24 (Republic Wireless 1 gb plan) + * Internet: $25 (Google Fiber, my half) + * Food/Dining/Groceries: $100 (my half. Since it has been a common question, take a look at my replies to several comments below to see a deeper explanation on how we only spend $200/month for 2 people. TLDR: Shop at Aldi and Kroger, always buy generic, eat out less than once per month, cook every meal, and bring lunches to work everyday). + * Car Insurance: $61 (2004 Scion xB with 180k miles that I bought for $4k in 2015. This will go up because I want to start paying for umbrella insurance soon...) + * Gas: $0 (I walk to work, rarely drive, and when I do, its normally for my job and I get my miles reimbursed). + * Vacation: $100 (carries over if we don't use it) + * Fun Money: $100 (my catch-all category if it doesn't fit in a category above: video games, concerts, movies, Amazon Prime, Netflix, extra vacation money if we go over, etc.) +* **Debt:** Our only debt is our $98k mortgage. +* **Net Worth:** $300k + * I have 11k in cash in an Ally savings account, $251k in index funds with Vanguard ($124k in my 401k, $54k in my Roth IRA, and $73k in my taxable account), $38k in home equity. + * Here's the Mint breakdown: [https://imgur.com/bFV0gEx](https://imgur.com/bFV0gEx) + * Here's a Mint graph of my net worth over time (going back to my 2nd year of college when I first learned about the concept of FIRE from MMM): [https://imgur.com/GvsF7vM](https://imgur.com/GvsF7vM). + * Age 20: $1k + * Age 21: $20k + * Age 22: $61k + * Age 23: $84k + * Age 24: $161k + * Age 25: $213k + * Age 26: $300k +* **Savings Rate:** My savings rate has been between 70-85% pretty much every year since college. I don't have an ultra-high income, but I do have pretty ultra-low expenses. My SO's savings rate is around 50-65% because her income is a little lower and expenses are a tad higher. +* **FIRE Goal:** $1.5-2.0 million. Right now our expenses are very low, but we expect them to rise in 5 years when we have kids and move into a larger house in a good school district. We hope to hit this amount by age 35-40, but we'll just have to wait and see what happens. +* **Post-FIRE Aspirations:** I've always dreamed of being a high school US History teacher. I'd like to at least try it once to see how I like it. Since I'm FIRE I could easily quit If I don't like it. I've also always dreamed of being some kind of not-for-profit financial adviser for the "Average Joe" American. More of a "financial coach" where I could help people everyday with the basics (budgeting, index investing, etc.). Never sell any products. Just share my story and try to inspire people to make positive change. And most of all, I want to be a great dad. One of the biggest drivers of our FIRE goal is to be very close to FIRE by the time we have kids in our early-mid 30s. I just want to be a part of my child's life every step of the way and just be "there" the way my parents were for me. And of course I have a ton of "bucket list" items that I'd love to try out (thru-hike the Appalachian Trail, thru-hike the John Muir Trail, thru-hike the Vermont Long Trail, summit Kilimanjaro, build a camper-van and road trip to all the National Parks again, etc.). +* **My Advantages:** Amazing parents who taught me the importance of education, frugality, and having a good head on my shoulders; a frugal & fulfilling childhood that showed me what's most important in life; being born in the U-S-of-A baby!; a full academic scholarship to college; a SO who shares my values and aggressive FIRE goals; the 2013-2019 bull market; supportive friends; learning about FIRE at such a young age; and many, many more things. +* **General Habits Worth Mentioning:** + * I've maxxed out my 401(k), Roth IRA, and HSA every year since starting work, plus invested the excess in a taxable account. + * I've never invested in bitcoin or anything like that, just boring old Vanguard index funds. Vanguard is showing my personal rate of return since 2013 as exactly 10.0%, which is only slightly better than the S&P 500 during that time. + * We love to travel. We go on 3-5 trips per year to National Parks, European cities, etc. that we fund via "credit card travel hacking" courtesy of /r/churning. + * Unlike a lot of people on this sub, we've introduced the idea of FIRE to most of our close friends. Our parents, siblings, and close family also know our FIRE goals, but we set clear boundaries. My family is very understanding (my parents are basically FIRE-ing next year at age 53). Her family still thinks we're a little crazy. We're pretty open about our journey and try to help others if they are interested. Because of this, our 10-20 closest friends are all into FIRE as well. We hang out with friends 2-3 nights per week, but instead of "going out for drinks" (we don't drink alcohol anyways...) we go over to each other's homes for home-cooked dinners, board games, and video games. I say this because we have a good social network, but don't have to spend a ton. Having a like-minded SO and like-minded friends have been two of the most important contributors to my happiness and high savings rate. + * Saving this much and maintaining a 70%+ savings rate hasn't been "hard" for me. I don't have to try very hard to accomplish these goals - it's just who I am. I'm a natural saver. Saving EXCITES me. I don't feel like I make any sacrifices in my life to meet these goals. I buy everything that I want...I just find that I don't "want" a lot of the typical things that other people "want" (luxury cars, eating out, 5-star hotels, brand-name clothes, $30k wedding, huge home, etc.).......And the best part is that I can't believe that I found a SO who is arguably more frugal that I am. + +EDITS: 1) Added a little more explanation in the budget section about spendng $200/month on food for 2 people since that has been a recurring question. 2) Added a section on my post-FIRE aspirations since that was another question that people kept asking. + +**TLDR: Hit $300k net worth at age 26. Frugal, middle-class upbringing. Got a full scholarship to top in-state university. Worked 2-3 jobs every week while attending college to pay for living expenses and saved the rest. Got degree in business. Graduated with no debt and $60k saved up. Parents gave me $10k as a graduation gift. Made $55k/year at my first full-time job after college. 4 years later I currently make $82k at the same company. My monthly budget is \~$820/month. I have been dating my SO for 9 years, living with her for 4 years, and I'm getting married to her in a couple months. She's dead-set on the FIRE path as well. #blessed** +⚠️ 18+ NSFW 🔞 + +(D0xxed Owner) will do a full audit within the next week! Huge Marketing budget +$HGS is a deflationary token operating on the BSC. It rewards hodlers with passive earning using burn and static reflection mechanisms on each transaction. + +The $HGS token will be powering the adult dating app and will be used as a tool to interact with it. This includes subscriptions, tipping, texting and much more. Hot Girl Summer will be used as a place to privately talk and video chat, as well as arrange meetings with other people. To differentiate from other dating apps, Hot Girl Summer is built on top of blockchain to ensure absolute privacy. Whether it is a casual hook-up or a long term relationship, our one-of-a-kind app will ensure the best sexting experience possible. You will also be able to privately message and interact with our exclusive creators. + +Get ready for your summer adventure! +Huge announcements to come!! +$HGS will be available for purchase on DXSALE with a hard cap of 25 BNB and a maximum contribution of 0.5 BNB per person. After the presale is completed, we will launch on pancakeswap with the same price to make it fair for those who missed the presale. $HGS is mainly a community driven project, so the ownership of the contract will be renounced after launch on pancakeswap. To guarantee safety and security, all of the initial dev tokens will be burned, the liquidity will be locked forever and a full techrate audit will follow shortly after release. + +There will be a 10% tax on each transaction and will distribute as follows: + +4% added to liquidity + +2% redistributed to holders + +2% burned + + 3% to marketing wallet + +Ownership will be renounced + + Liquidity will be locked for 2 years + + ANTI Bot Function in source code to Prevent bots + + +We will never sell any tokens from the marketing wallet before consulting with the community and holding polls in our official telegram group. You will decide when and how we spend those resources. + + +Tokenomics + +Total supply: 1000000000000000 + +Presale: 25000000000000 HGS + +Presale rate: 1000000000000 HGS per BNB + +Listing rate: 1000000000000 HGS per BNB + +Telegram: https://t.me/hotgirlsummerbsc + +Twitter: https://twitter.com/hgs_bsc?s=09 + +Instagram: https://instagram.com/hgs_bsc?utm_medium=copy_link + +Website: https://hotgirlsummerapp.com +https://preview.redd.it/soxak4xpt8i71.jpg?width=638&format=pjpg&auto=webp&s=d7eab7ef04365c7201feb47a42f645f19dd2a6b9 + +Seriously, why in this day and age does ASX have to mail out paper holding statements? + +What an absolute waste of time, money and resources... There's this thing called email ASX! + +They contain personal information that I feel warrants disposing of them securely, instead of just dumping them unopened in a bin (or saving them for backup lockdown TP). + +Does this piss off anyone else?? +If you are poor in America and need a job you are essentially instructed to act like you don’t need one in job interviews. Why do you want to work for this company is a bullshit question if you’re on the bottom wrung financially. I want to work because I presume that you pay money. +[https://finance.yahoo.com/news/bitcoin-drops-133248611.html](https://finance.yahoo.com/news/bitcoin-drops-133248611.html) + +Bitcoin drops below $20,000 + +Over the weekend, bitcoin dropped below a key psychological level for buyer support, and so far has not been able to get back above it. The bitcoin ([BTC-USD](https://finance.yahoo.com/quote/BTC-USD?p=BTC-USD&.tsrc=fin-srch)) price fell below $20,000 on Saturday and is trading at $19,379 on Sunday morning, a loss of 29.36% over the past week. It briefly slipped below $18,000 on Saturday afternoon, but the price so far has rallied 1.18% over the past 24 hours. Ether ([ETH-USD](https://finance.yahoo.com/quote/ETH-USD?p=ETH-USD&.tsrc=fin-srch)), which is more intertwined with crypto’s DeFi segment that has lately wrecked havoc on the risk management strategies of significant industry players, is trading at $1,039 per coin, a loss of almost 29% in the last week. On Saturday, its price dipped below $900 before bouncing back. Crypto’s total market capitalization has dropped by almost $300 billion since last [Friday’s hot inflation data](https://finance.yahoo.com/news/may-inflation-data-june-10-2022-212834308.html), from $1.19 trillion to $891.4 billion as of Sunday morning, according to Coinmarketcap. +Good Morning, Afternoon or Evening Apes! + +Happy Tuesday. Hope you are all had a fantastic weekend relaxing and taking it easy. + +**AN INTRODUCTION** + +First of all – an introduction. I will need to be vague about certain parts but will endeavour to introduce myself best I can. I have worked as a journalist in media at all levels from local newspapers & TV stations – all the way to the national & international stage. I have travelled around the world and reported on every major news event you could imagine. I have also won numerous international awards around the world for my work. + +I am more than happy to verify my identity to mods of r/Superstonk to help give this post a little more authority and meaning. In fact I would encourage someone from the mod team to reach out because I don't want to be labelled as a fake. + +**WHY ARE YOU MAKING THIS POST?** + +I wanted to put together some thoughts and share with you those thoughts. These include thoughts about the work being done here, the level of research & quality. I also wanted to dive a little deeper into why you are seeing the media act the way they are, and why this story is not the front page of every newspaper or lead story on every TV network on the planet. I want this to be a bit of a different DD - a "cultural DD" rather than a technical DD , so I can try and explain what is happening in the media at the moment, and how we got here. + +**FIRST OF ALL – CONGRATULATIONS** + +Firstly – I want to congratulate the research and DD writers on this sub. + +Without a doubt – the quality of DD, research and investigative journalism that is on display here is unlike any I have seen in my career. + +If the system wasn’t corrupt to its core – some of you would be, in my opinion, in line for some of the most prestigious awards and accolades for investigative journalism (more on that latter) + +Once again, I will reiterate. The kind of DD & in-depth analysis that we are seeing in documents like House of Cards is some of the most well thought out, researched and important information I have ever seen. If you knew the stories I have been involved in, you would understand the weight of this statement. + +**What is being discussed here on this sub is the most important thing in the world right now.** We have stumbled across the largest criminal racket on the planet, in history. It affects every single person, and the criminality and corruption is something that has stolen trillons of dollars from billions of people around the world. For the first time in history, a think tank with different sets of skills, talents and abilities saw the data and worked out what was going on – and they did it in public, not behind the closed doors of some board room or towering sky scrapper. All the research and information are right here for everyone to see. More importantly - the DD is peer reviewed. There is a healthy debate, and many times things are debunked. This is incredibly healthy. + +**IT’S JUST ONE BIG CLUB** + +Media concentration is one of the biggest crimes that has happened to humanity. If you are old enough to remember, it wasn’t that long ago that there was thousands of newspapers, TV stations and radio stations around the country that were independent. They were run by local families or often were set up by a wealthy individual. You use to know the family who was running the local TV station - you would see them at church, or at the supermarket. + +Over time that independence has died. Almost everything you read, watch and listen to is now controlled by only a handful of companies. This includes both factual programming such as news, but also entertainment such as movies and TV Shows. + +Some of the main players are + +* News Corp +* WarnerMedia / AT&T +* ABC Disney +* ViacomCBS +* NBC Universal +* New York Times Company +* Sinclair Broadcasting Group + +These companies have controlling interest in a lot of what the world reads and watches not only in the United States – but around the world. + +Many times these companies will also take a 33% or greater stake in a foreign media company to have a footprint in additional markets / countries as well. There is also affiliate deals that happen – so there are a few local news companies that own hundreds of “local” TV Stations – but in essence they are still run by a corporation. + +An example of this was Sinclair – who owns hundreds of local TV stations sent a “Must Run”. Must Run’s are things that are mandated to be reported on or played in the local TV network. In my experience they are rare, but they do happen. You can see what a “must run” looks like in this clip below + +[https://www.youtube.com/watch?v=\_fHfgU8oMSo](https://www.youtube.com/watch?v=_fHfgU8oMSo) + +Many of the companies you get your information from are also multi layered in their ownership. + +Take for example the website MarketWatch. They are owned by the company “Dow Jones & Company” – who is then owned by News Corp – who is owned by Rupert Murdoch. Of course NewsCorp then owns Wall Street Journal, Fox Business, Fox News…. + +It’s all the same owner. + +And TRUST me when I tell you this – the owners of all these media conglomerates all have each other’s phone number, and do talk to each other and have lunch more often than you might realize. + +&#x200B; + +[The Mouse owns the world](https://preview.redd.it/2057xwo5qza71.jpg?width=2500&format=pjpg&auto=webp&s=da4ddd7295e0de871780325340c3c1ece51be8a1) + +&#x200B; + +**THE GREAT DUMBING DOWN OF AMERICA AND THE WORLD** + +One of the great (and many crimes) that has happened in the United States in the last 50 to 60 years has been what I call “The Great Dumbing Down of America” + +In my opinion, there has been a very strong effort to keep people uninformed about what is happening to them and their life, while at the same time also slowly reducing the attention span of the average adult. + +I can’t even begin to tell you how many times important stories have gone to waste because they couldn’t be explained in under 1 minute 30 for a TV news piece. How the FUCK do you try and explain to the entire world something like MOASS or how billionaire hedge funds have been using peoples pensions and savings to gamble on insane investment products and hiding illegal behavior – the simple answer is you cant. + +A perfect example of how this dumbing down of America can be seen in one of my brothers. I have tried so hard to sit down and show him the evidence and ask him to read things like “House of Cards” or other important documents from this subreddit. + +**Do you know what his response was?** + +**“Is there a TikTok length video that can explain this?”** + +That’s where we are right now. We don’t have an adult population capable of dissecting large amounts of complex data or information, and with the invention of Instagram, TikTok etc – the attention span is getting worse, and worse. It’s not just the population – about 85% of the journalists I work with can’t digest or understand the data I have shown them with regards to the GameStop saga. How do you think the public can be informed when the people that are meant to inform us cant even understand whats going on? + +That’s how these mother fuckers get away with it. Because they KNOW the population including journalists are now at a point where they a) don’t have the comprehension skills to deal with it and b) don’t have the attention span to even TRY and comprehend it. + +It’s the greatest crime that has happened to this country. Not only has the comprehension levels gone to an insanely low levels, but they are actively pricing out many young people from a decent college education – and in my opinion College has started to become a large group think exercise, and not the free thinking place it use to be. This has eroded skills like critical thinking to a dangerously low level. + +And a final note on the Great Dumbing Down – I believe that we have all seen in the last 60 years an insane level of dictatorship level propaganda that has led the majority of the population to believe they live in the greatest country on earth. + +Because of this red white and blue, flag flying brainwashing – we have led the greater public to simply believe they are living the best life they possible can. When in truth America has severe and epidemic proportioned problems with third world issues such as basic workers rights (such as annual leave and maternity leave), healthcare, education, violent crime, infant and child mortality, high level government and business corruption – and a host of everything else. + +I love the United States – and I do believe it’s an awesome country – but we HAVE to start seeing the problems we have that has been caused by corrupt businesses and politicians, and understand other countries figured out how to deal with these issues’ decades ago. We have to start rejecting the propaganda that this is the BEST, number 1 country on the planet, We must start understanding that tens of millions of adults and children are living below the poverty line, and are being left behind. The great lie comes through all forms of media – the movie industry, the nightly news. It is designed to lull you into a sense of “you are doing fine, no need to be any better”. We must strive to be better. We must demand a better level of leadership in this country to make the country better on such basic issues such as letting people take a piss while they are working (I'm looking at you Jeff Bezos) + +I really like this clip from the TV show "newsroom" that kind of explains what I am thinking. +[https://youtu.be/bIpKfw17-yY](https://youtu.be/bIpKfw17-yY) + + +**DO YOU REALISE HOW LUCKY YOU ARE? THE CULT-ISH MINDSET** + +Many of these organisations indoctrinate their staff by having a cult like attitude to the branding of the company they work for – and the name they represent. It is not lost on new staff on the history of some of these organisations – and the people that came before them. They might show them old, famous news reels from major world events. Vietnam War, Desert Storm etc. They might show them the notebooks of old reporters that came before them. + +The idea is to make people realize how lucky they are to be sitting on that desk, in that newsroom. That they are special – and loyalty is demanded of them. **Don't ask questions, don't go against the grain, just do your job.** + +**STAFF – A TWO TIER SYSTEM** + +Please note – the information here is regarding large national newsrooms, and not your local newsroom. + +These organisations are run with a top down, fear-based style of leadership. + +The leader of a news organisation will be the head honcho, and many times will be the person calling the shots on how news is covered, and what news is covered. Below them are a number of “lieutenants” – these could be “Vice President of *insert flashy title* here. The point is – that these organisations are run HEAVILY top down. As a journalist, many times you are simply told this is the story you are covering, now go cover it. + +Now as far as staff go – there are two levels of players. + +The first level are the seniors. These are people that have been with the company or industry for decades – and they are compensated well for towing the line and doing their job. Many of these salaries are low to mid six figures for background staff and management – and then on air staff going from the high 6 figures, and into the 7 figures. + +They live a comfortable life, nice big homes, lots of travel with work, and outside work as well. Why would you ever open your mouth and fuck that up? They don’t. They have a great life and its just best to keep being the cog in the machine that makes it work. + +Then there are the second level – juniors that are out of college. They are paid okay amounts for a first job but live in constant fear. They live long hours, but are promised that if they work hard, they will get paid more – get to travel – get to do bigger and better things. + +For both of these tiers of staff – why would they fuck anything up? They are both living their own dream – and they want to continue working in these prestigious institutions, getting paid huge salaries and living comfortable lives. No one wants to step out on a limb anymore for stories, they just like getting shit from a press release and taking everything as face value. + +Nepotism is also a huge issue in the industry. It is very much an oddity if you manage to land a job within one of these major organisations without knowing someone on the inside. The amount of people who are nieces, nephews, sons, daughters, friends is disgusting. Many times the jobs you see advertised on the career page are done out because rules state they must be advertised externally – they already know who they are employing for many of the roles. + +**TWITTER IS DESTROYING THIS COUNTRY** + +In my humble opinon - the art & science of good journalism died when Twitter became a major platform for newsrooms. Where there use to be a really big push to take it easy, take thing slow to make sure we get the numbers / figures/ facts correct - modern day journalists are SO quick to tweet something out - even if it is speculation. Many of the journalists I have worked with a) Thrive of being a "Blue Ticker" - it gives them purpose and meaning, and B) Get dopamine hits from how many likes / retweets they get from their tweet. + +This is also why we have seen a HEAVY increase in the last few years of what I call "Activist Journalists". People that tweet things to get reactions because they crave the attention. I think we all know one ass clown that craves attention in the financial world more than most - that clown Cramer. + + +I have had some journalists sit down with me, and spend a ridiculous amount of time coming up with snarky ways to say something - they get their thesaurus app out to find words that are longer to sound smarter. It's pretty fucking pathetic. Many of them REALLY get off on being popular on Twitter. + +&#x200B; + +**RELATIONSHIPS** + +First - a picture. + +[\\"Journalist\\" Andrew Ross-Sorkin with Shitadel Leader Kenneth](https://preview.redd.it/yhr9dhlcnza71.jpg?width=719&format=pjpg&auto=webp&s=65ff83899461b7e08987bcb3e0d1e3616b535b7d) + +Many time people go into this industry with good intentions - but the system gets ahold of them and changes them into someone they never thought they could be. + + +You can see the relationships between some people who call themselves journalists, and the likes of Ken Griffen easily if you notice the signs to look for. First of all the body language in this picture above to me says they are much closer than just a Billionaire investor & journalist. + + +Secondly, many times you will notice the ONLY person on a tv network that always has the exclusives with a certain person is the same person. Look at during the January fuckery how many times Andrew Ross-Sorkin was the guy saying "I am hearing Melvin Capital has closed their positions" "I am hearing Citadel is stronger then ever" + + +Its because these people usually have the dudes phone number and are getting texts directly from them. And just like the twitter thing - instead of being a good journalist and asking for proof, or checking another source, they just believe it blindly because they want to a) Help their powerful friend and B) Be the big hero and be first. It's a two way relationship - they both get something out of it. +[https://www.cnbc.com/video/2018/07/23/hedge-fund-billionaire-ken-griffin-markets-bitcoin-real-estate.html](https://www.cnbc.com/video/2018/07/23/hedge-fund-billionaire-ken-griffin-markets-bitcoin-real-estate.html) + +[https://www.cnbc.com/video/2021/02/19/citadel-ceo-ken-griffin-i-dont-see-aeconomic-underpinninga-of-cryptocurrencies.html](https://www.cnbc.com/video/2021/02/19/citadel-ceo-ken-griffin-i-dont-see-aeconomic-underpinninga-of-cryptocurrencies.html) + +He even admits in this clip that he took a phone call from Gabe Plotkin and just went on his word that he closed out of GME completely. + +[**https://www.youtube.com/watch?v=1HYBo5teFTU**](https://www.youtube.com/watch?v=1HYBo5teFTU) + +I tell you one thing - I would fucking LOVE to get Andrew & Gabe under oath and have legal discovery on what was said between them during January, I think it would be very telling of the true situation we are in today. + + +Any journalist worth half their salt would have asked for additional proof before going on air to say "Yup, they closed their position yesterday" - I smell bullshit. + +**I HAVE NO IDEA WHAT I AM DOING** + +[When Payday?](https://preview.redd.it/9mi5uy32tza71.png?width=455&format=png&auto=webp&s=12b1674d7865397ed9df717f7649e8f999df83f5) + +Another major problem in this industry is we are hiring people with no life or work experience at all. They come into these organisations, told they are God's gift to the world - and told to start doing journalism. They have no understanding of how the real world works, or how real working class people live or survive. + +I cant go into names, but I had a discussion with a person years ago with knowledge of the industry about how many financial journalists actually understand what the fuck is happening - and they said many of them don't understand anything past the basics. + + +**This is why this sub has impressed me so much - You're looking at data, graphs, charts and SEC filings in a way no journalist has.** + +These people are meant to be financial journalists, and many of these people couldn't read a chart or SEC filing to save their life. I cant read charts or candles - and I will be the first to admit that. And I would NEVER get on a soapbox and pretend I knew what was happening from XYZ chart. But many of these people do... when in reality they are just getting their information from either a press release, or the very people who have vested interest in a story being portrayed a certain way. + +&#x200B; + +**CONCLUSION** + +I feel like I am dragging on a bit - and I am talking like a crazy person, but I don't really know what else to say. + + +I really just wanted this group to know that the level of research - and the level of peer reviewed research is some of the best I have ever seen. The media don't understand it, they don't get it. Maybe they will after MOASS - but I don't think they will. + + +I have personally put everything into this basket - I have looked at all the information on hand as a journalist, and as an investor - and I continue coming back to the only conclusion there is. + + +I don't want this to turn into an AMA - but if you have any questions, please just submit a comment below. + + +MOASS soon. Have faith! +I am 37 years old, have an income of 94k a year where I've been employed for 2.5 years. Bought a house during the pandemic worth $530k of which I pay $3000 per month. I took out a personal long of $75k to give as a down payment. + +There were several reasons why I did this... + +* I could never save enough money because I have 3 children and my wife does not work.She is not planning to anytime soon, and I like my kids to be involved in team sports and extra curricular activities, which oh man, it's costly! +* I was already paying $3000 in rent, in Washington state, where things got expensive fast.Quality of life was bad, so we've decided to by somewhere else. +* Neither my wife or myself have people in our lives willing to give us start up money for a home. + +My wife and I drive older cars in which we don't pay a monthly installment on. On student debts, I have 75k worth. I don't have to pay anything now because of the pandemic, but that will end soon. + +On credit card debt, I have about 10k. But I have two other credit cards which I owe only abut $100 each. + +My questions are... + +1 - How do I start to think outside of the everyday struggle of paying bills and staying afloat? I contribute to my 401k but not by very much. + +2 - Is it wise to use the 0% apr offers from the other cards (which I do get) to pay off the credit car with 10k in debt? + +3 - Would it be a good time to seek professional help from a financial advisor? I can follow directions pretty well, but just need the counsel of someone who has seen people get out of this loop. + +4 - If you've been there, what steps did you initially take to get out of this situation? + +5 - According to the local market, my home has been valued at more than $600k. Should I refinance given the house to try to lower the mortgage? + +My ultimate goal is to have some money put away ($20k), not owe credit card debt and hopefully not be so stressed out about taking a trip with my family. Please provide me with some guidance and direction, as I feel overwhelmed and don't know where to start. + +EDIT: To everyone that has responded or commented to my questions, a big thank you. I had a very tough conversation with my wife yesterday. I’m still processing all the points of view I was exposed to here. But this morning I started cutting down on superfluous costs and writing budgets with my wife. We’re talking about selling the house, but we’re trying to find a way for us to keep it. Mainly by her getting a job asap. If that doesn’t work, then yes, we’ll definitely sell. Again, a big thanks and sorry that I haven’t responded to some of your super thoughtful comments. I am after all overwhelmed, but grateful there are total strangers who for a moment, put yourselves in another’s shoes and try to give out your best to them. +This poll is meant only for the holders and long-term traders who sold everything, or nearly everything below $150 (this year). I'm genuinely curious about your circumstances, and your reasoning behind this move. + +So if you aren't a day trader and sold almost all your ETH below $150 during this bear market, please pick the option below that best describes your circumstances and thinking - why did you sell and how much did you have left in ETH compared to your income level and wealth? + +[View Poll](https://www.reddit.com/poll/a400q7) +I know it's weird, people advising you to not use Zerodha for MF purposes. + +But, I really like the platform. + +I am seeing people fed up of the NAV allocation date, I have faced this issue only once, i.e on Feb 1, when the system went live and I had got the nav of Feb 2. + +I raised a ticket for the same and got a reply within 1 hr, stating what was the cause behind it. + +Infact, the order placing time is fixed at 1:30 PM for equity and every time, it has gotten through without no hiccups. + +Been using coin from the past 3 years and never faced a single issue till now. + +Execution is simple and Redemption is even more simple. + +Plus, stocks and MFs are at a single place. + +Only drawback, if you think it is, units in demat form, for which cdsl acknowledges your allocation every next working day. + + +Edit. + +**Disclaimer - This is not a paid thread.** + +If you feel like it is, I have discovered a new thing about myself. +I feel like **$350 at close** is the absolute endgame for hedgies. True, don't place your faith in any dates or numbers however, over the course of the past 5 months, we've got more and more data and are now able to notice certain patterns and trends. Right around the ballpark of $350 (could be $348 or $352 - give or take a few) is where we see a crazy amount of resistance from shorters. Forget about peaking at a really high number for an hour, we are more concerned **at closing at a really high number - above $350.** Margin calls take place after trading hours. Most hedgies have 2-5 days to meet margin requirements and if they fail to do so, it's absolutely game over and they start buying back in, the dominos start to fall and put an unimaginable amount of pressure on Shitadel and other giant hedgies to stay alive. Let's take a look at some dates. + +#Reminder: We've never closed above $350 + +1/27 - $347 at close ($380 peak) + +1/28 - $193 at close ($483 peak) + +1/29 - $325 at close ($413 peak) + +3/10 - $265 at close ($348 peak) + +6/8 - $300 at close ($344 peak) + +It's not a coincidence they absolutely start shitting their pants above $350 and shorting it with everything they have. The only difference between today and Jan/March peaks are the repo agreements which gives hedgies access to fast cash to meet margin requirements (in other words, they are on life support right now unlike back in Jan/March when they didn't need it). The difference for us are the steadily rising support levels. It's not any easily manipulatable gamma spike with paperhands selling early anymore. There's a solid support line for us to keep their shorts from sending us back down to $40 again. In March, the effectiveness of their shorts weakened from tanking the price from 90% to just 50%. Today, it was a sub 20% drop. Their shorts are becoming less and less effective as the price continues trending upwards on utterly miniscule volume. Tick tock hedgies. Sooner or later we'll close above $350. + +Once again, don't place any hope on certain dates or numbers as we've already seen too many come and go, however closing above $350 is just too interesting to ignore. It might be your final chance to buy in. + +#tl;dr: HEDGIES R FUKT +Per Bloomberg data, Musk’s 9.2 per cent Twitter stake would make him the largest shareholder in the company. Notably it’s more than quadruple the 2.25 per cent position of founder Jack Dorsey. At pixel time, Twitter’s stock is up 25 per cent in pre-market trading to $49.09. + +[https://www.ft.com/content/29b9c884-02d7-4d1c-a4ab-c862242fa76e](https://www.ft.com/content/29b9c884-02d7-4d1c-a4ab-c862242fa76e) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /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) +Hi all, + +How do you keep hope in the face of relentless, exponential rising costs of living in the UK? + +It feels like life in the UK is becoming harder and harder as the costs keep going up. I feel absolutely hopeless in terms of achieving any reasonable aspirations. +I am dancing right now. This will mean a couple hundred more a month which means that I can actually afford to put a decent amount in savings, pay some debt, and afford Christmas gifts! Just wanted to share my good news with a sub I've been lurking on for a while and who have helped me get through life struggling financially. + +Edit: it's actually not OT, I should have been clearer. I get full time benefits but I only work 32 hours a week so this extra 8 just brings me up to 40 so definitely managable! Thank you everyone for your concern though! +I think this post is mostly for people are quite serious about turning trading into a fulltime income and the mentality that will keep you on the path to success. I think people very often overcomplicate the path to excellence in trading when I think the root principals are quite simple. I might ramble on a bit but I really think this could be valuable for someone who really wants to become a trader. + +So to get started I should explain how Kobe Bryant is involved in this sort of cross-analogy. Kobe Bryant as most people know was a 5 time champion in the NBA and considered to be one of the all time greats of basketball right along with Michael Jordan. What is so special about Kobe is what he accomplished in his career off of a pretty basic mentality that was executed at the maximum consistently. If you watch interviews and learn how he approached becoming so elite, the answer wouldn't surprise most people. He at the minimum would take 2000 shots a day. Not just going to the 3 point line and shooting, he knew exactly which shots would give him an edge on the court and which situations would grant him the opportunity. The compounding effects of shooting 2000 shots on top of his practice as well would make it feel like second nature. Kobe was in love with the process, and that's what launched him to his greatness. + +Now to bring this back to trading, not everyone has to be Kobe Bryant. Everyone has heard the statistic that 95% of day traders lose, but honestly that statistic should give you hope. You only have to make it to the top 5% of traders to turn this into a quite generous salary that is scalable. And like I mentioned at the beginning, this is a more simple process than you think. The hard part is being consistent and staying in the game long enough. To tie it back to how I am profitable, I have hours and hours of time watching level 2 price action, to the point where I believe that I could trade with only a level 2 chart decently well (But I won't cause that's just dumb). The biggest problem that I ran into as a beginner was not knowing what I don't know. It's hard to study hard when you don't know what to study and you just feel lost. So lets break it down, Traders rely on volatility to make money, so they need high volume, high liquidity movement. All you need to be doing is watching the stocks that everyone is watching. If you are a beginner, take very small size, watch stocks that are moving with above average volume (Any basic scanner or chatroom will tell you which names are moving), and just start trading them. The key here is literally just to trade as much as you can. I record most of my trading day so that I can go back and watch important moves that I lost on or won on. If you are trading every day, journaling, watching your trades back, and just actively trying to get better then become a profitable trader is just inevitable at that point once you start compounding time. On days that it feels like you are getting worse or you just feel frustrated, just remember that progress isn't linear and if you remain consistent, results will come. + +Now lets talk about how to find your "shots". Like I mentioned earlier, Kobe wasn't just shooting 2000 random shots, he already had lots of experience in games and scrimmages to know which shots, that if he mastered would be undefendable. If you watched Kobe at all, you would know that he basically mastered the jump shot and could hit it from literally anywhere. So now how do we find the moves or patterns to learn? On the most basic level, if you are trading long, then you are looking for moves that go up. Finding a pattern is a more natural process than you would think. If you are making theory about where the price is going to go along with backing them up with trades, then naturally you are going to start to recognize patterns. People have different technical strategies and how they execute, but all strategies all really fall under the same categories. Either you are trading continuation, or you are trading reversal. Just figure out what time frame you want to trade on and what type of asset you want to trade (I'm a smallcap trader personally). Once you recognize a pattern, then you really have to start to go back and analyze the moves, figure out what signals mean the trade is working, and what signals mean you should be getting out or reducing your risk. Unfortunately I, along with most people, will learn the boundaries of our strategies by losing over and over again (Which is why you should be trading small and earning your size). But once you figure out and really flesh out your strategy, then it is only a matter of trading it over and over. On trades that I lost particularly too much on, or very large outlier trades, I will use the thinkorswim ondemand feature to trade those moves over and over again so they become like second nature when it comes to executing them again in a live market. This is also partially why I lean towards scalping, because short moves will happen a lot more often than longer term trades so I can get a lot more experience a lot quicker. + +So to wrap this up, just understand that the key to this game is repetitions. I truly believe that trading is performance sport just like basketball and using Kobe Bryant's philosophy can help you simplify the process. Imagine if you total 2000+ hours trading, journaling, and watching recordings. In my opinion you would have to be doing something extremely wrong if you aren't a profitable trader by then. I have literally spent over 2000 hours on pretty shitty video games, so there really isn't any excuse if you want to make it. + +&#x200B; + +And for the love of god humble yourself and use small size until you can prove consistency over a long period. You can't stay in the game if you blow up your account. +I think I’m going to close my position in FB tomorrow and I’m not sure which dividend stock I should put it into? It’s about 5k. I was thinking one of the following I’m already in. $PEP $O $AAPL $ABBV $MCD $ MRK What do you guys think? +We are a team of 10 people, who are committed to education, empowerment and helping those who need and want it! + +The star of our show is our RADIO NIGEL, available for all to listen to on Apple Podcast and Spotify. We talk to developers, auditors and other projects that are up and coming or have been around and have shown their success over time. We ask the hard questions that most people will not, and our listeners and guests appreciate the refreshing take on things! + +Our next educational expansion is on our YouTube platform with “Nigels Know“ for those who are just starting out in crypto. + +We promote crypto education with an anti-scam community driven by our safe token called $Nigels. +We will help you recognize great projects versus scams in the BSC sphere. + +Our group has been KYC verified by InterFi. We host two daily AMA’s on Telegram so you can hear from our team and know we are the real deal! Join us on TG: NigelsForNigels t.me/nigelsfornigels ; on our website: www.Nigels.io ; on Reddit: www.reddit.com/r/NigelsBSC ; on Twitter: twitter.com/nigelsbsc +Seeing a lot of chatter all of a sudden. Must be a hive mind thing. I've been ringing this bell literally for months, and I want to clear the air. + +**Here's the deal ... Sears started to squeeze along with GameStop back in January. It wasn't the only one. I suspect that's because, like GameStop, Sears and many others are massively shorted and in probably all the same ways. This is evident in the short volume, SEC FTD reports, and price action in late January/early February.** + +The difference between the Sears and GameStop is that this has been going on with GameStop for years, whereas this has been going on with Sears (and others) for decades. Pretty much since the advent of electronic trading in the 70s, when shorts no longer needed to physically borrow shares, but could instead just locate. + +Everyone keeps talking about the fundamentals of Sears. Bankrupt. About to be dissolved. Nothing of value. Forget dying brick and mortar ... Sears is a dead brick and mortar. Any of this sound familiar? + +So sure, Sears is a shell. But none of that matters. All that matters is the stock market is (suppose to be) a game of balanced ledgers. And if shorts must close, I suspect Sears shares will do something spectacular. + +I've asked this several times over the past couple of months in comments and posts ... but I'll ask it again. If Sears is a dead company and doesn't matter, who is working so hard to consistently short it (check out that borrow fee rate!)? + +https://preview.redd.it/8mslv7c8g3l71.png?width=1224&format=png&auto=webp&s=16db866c721a8ecd71aaad6c820b9326fbbe742d + +[Yesterday's action ... that's about $150K in short volume ... who is bothering with this, and why?](https://preview.redd.it/3pztc3s8g3l71.png?width=1028&format=png&auto=webp&s=53876e588197e8b59a1fb6ab7588eff61542487e) + +Here are a couple (okay, more than a couple) of links with more of my thoughts about the situation surrounding Sears, the GME connection, and what I think is really going on with this market. Sorry for this post to being all links, but I've spent hundreds of hours and tens of thousands of words on this topic over the past few months, much of which has never really been seen. Shillbots like me. Strike that. They love me. I sometimes wish I could see all my down votes as a single number. I often feel like I must be the most controversial poster on Reddit, all because of $GME. + +You may have already seen some of these. If so, keep digging. I've organized these to tell the story as I've watched it unfold. I hope you like red pills and going down rabbit holes: + +[https://www.reddit.com/r/Superstonk/comments/pfb50u/scared\_of\_the\_everything\_squeeze\_just\_turn\_off/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/pfb50u/scared_of_the_everything_squeeze_just_turn_off/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/oyw840/something\_about\_sears/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/oyw840/something_about_sears/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/ndaad2/dd\_saturday\_special\_robinhood\_citadel\_options\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ndaad2/dd_saturday_special_robinhood_citadel_options_and/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/ndfn0t/dd\_saturday\_special\_robinhood\_citadel\_options\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ndfn0t/dd_saturday_special_robinhood_citadel_options_and/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/nwozc6/gamestop\_and\_its\_connection\_to\_843\_short\_interest/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nwozc6/gamestop_and_its_connection_to_843_short_interest/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/perwpj/ryan\_cohen\_eddie\_lampert\_patrick\_byrne\_dan/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/perwpj/ryan_cohen_eddie_lampert_patrick_byrne_dan/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/nvfwtd/is\_rsuperstonk\_stealth\_deleting\_content\_mods\_know/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nvfwtd/is_rsuperstonk_stealth_deleting_content_mods_know/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/o6ebh0/i\_have\_been\_closely\_monitoring\_robinhoods/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/o6ebh0/i_have_been_closely_monitoring_robinhoods/?utm_source=share&utm_medium=web2x&context=3) + +[https://bit.ly/3mX7l5q](https://bit.ly/3mX7l5q) + +[https://www.reddit.com/r/Superstonk/comments/nll8qr/this\_is\_what\_panicked\_shortcovering\_looks\_like/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nll8qr/this_is_what_panicked_shortcovering_looks_like/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/oz0aw5/paging\_ftds\_you\_have\_a\_call\_at\_the\_front\_desk/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/oz0aw5/paging_ftds_you_have_a_call_at_the_front_desk/?utm_source=share&utm_medium=web2x&context=3) + +**Edit #1: I'm not the only ape on the case. This post is worth a look:** [https://www.reddit.com/r/Superstonk/comments/pgt7kz/okay\_this\_could\_be\_literally\_nothing\_but\_i\_found/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/pgt7kz/okay_this_could_be_literally_nothing_but_i_found/?utm_source=share&utm_medium=web2x&context=3) + +Edit #2: Changed "zero sum" to "balanced ledgers." +An example that comes to mind is car loans. I think many personal finance gurus would say that having a car loan is stupid, but the way I look at it, why would I pay cash for a car when I can borrow at near 0% and invest the cash? A follow-up would be buying a used car for cash. Sure, you save some money upfront, but unless you do it right, you'll end up spending the same in repairs and upkeep. + +What other things are good when you're starting out, but don't make sense once your NW exceeds $1MM? +My dad died a while back of brain cancer and I just learned my mother will soon die of brain cancer as well. We don't know how much time my mom has but she can still talk. I know little about money but have a 20 year old sister and 15 year old brother and I will be withdrawing from college to take care of my family now. I'm terrified I will mess everything up by forgetting to pay a bill or not knowing how to save for my brother's college. We aren't in debt, but I don't know what to do with our house or anything. I don't even know what I don't know and I'm freaking out. Also, I can't stop crying. Please help me, guys... What do I do? + + +Update: I am really humbled by your guy's kindness to me, a stranger. Thank you so much for your helpful advice. +Yes, Nayib Bukele has just announced that El Salvador just bought an aditional 410 Bitcoins, for a total of 15,000,000 USD. + +&#x200B; + +[Nayib Bukele Tweet.](https://preview.redd.it/k1n842gqb4d81.png?width=742&format=png&auto=webp&s=c561b4fe99afe4235ea1712c0c0afe9a9f00f7e0) + +When you have an actual country (El Salvador) buying the dips, that's a saying on what's to come. We might be watching on of the richest countries of the world on the upcoming years under construction, and maybe one of the smartest financial moves that a country has ever made. + +Price is changing but Bitcoin fundamentals are strong, and hasn't changed, keep stacking those sats if you can. I have a strong conviction on Bitcoin for the future, this is only getting started. +A few months ago, when the markets were going up, people mentioning that maybe after 10 years of bull market a bear market might become more likely, they were shut up and being told the usual stuff, time in the market beats timing the market, there is no reason to think there will be a downturn, etc. etc. + +Now that stocks are down 10-15% literally everybody seems to be convinced that there will be a 2008-like recession. Why? It could just be like in 2011 or 2016, when we went down around 15-20% max and then up. Why doesn't anyone seem to even consider this scenario that is at least as likely? + +In reality, the sub really reacts like a typical emotional investor. When the market is up, everybody's convinced it will go up, when it's down, everybody's convinced it will go down. It was the same thing in the smaller dips during the year, people were also being convinced we were heading towards a recession for a few days—except it was more short-lived. + +Honestly, we have no idea if the market will be 20% up or 20% down in a few months. Nobody can predict that. So why don't people try to consider all scenarios? +Summary of my position: +26 years old. I lost my job last August due to massive company restructuring as a result of the pandemic, Internal Sales Rep on £24k. Managed to get a new job a couple of months later, £22.5k, it’s mostly admin (filling in excel spreadsheets, testing systems etc.) but the company is booming and the team I’m in is looking to grow, so I feel like there’s room to climb if I stay. My savings are £3.5k in a help to buy scheme which I put £200 in every month. I also have £575 on eToro which is a trading app. + +I have a 2018 Vauxhall Corsa “limited edition” that I bought new with Hire Purchase. I put down a cash deposit back in 2018 and pay £195 every month until March 2022, when I fully own the car. Everyone is mentioning how excited I must be to upgrade to a BMW / Merc / Range Rover when I’ve finished paying my car off. I’ve had people comment negatively about my car and how it’s a chavvy car / how I just meet 16 year olds in the McDonald’s car park. I’ve even had people comment on the car without knowing in mine, taking the piss out of it when I’ve parked it in the pub car park etc. It seems to be EXPECTED that I’ll take out a PCP for a new car and trade in my Corsa. + +I’m puzzled by this, surely it makes more sense for me to just keep my existing car, as in March 2022 I’ll have an extra £195 every month? Is there some reason that I don’t know about that means I should get a new car? +# I bring to your attention Okinami with all the community speculations. + +**What are the interesting news around $OKINAMI?** + +The transactions of this contract here are going to ETH Genesis Wallet and Shiba Inu. Currently all the community now, including me are thinking that the same dev behind $OKINAMI is Ryoshi – founder of the top# 20 CMC original Shiba Inu and one of the ETH founders. + +As the whitepaper is still missing the community expects it quite soon where possibly all cards can be revealed. + +**How does this speculation can affect me? How can I benefit out of it?** + +If we can consider the gossip as true, having the fact that this token with a very basic website can pump that hard can reach and hold a marketcap of 10 million comparing with with Shiba Inu marketcap of 6 billion you can start to wonder if there is a huge possibility here. + +**Connect with the telegram community to stay up to date with the news. Please, search for it manually on telegram:** + +@ okinamiportal + +[https://kanagawanami.com](https://kanagawanami.com/) + +**Contract address:** + +0x1C4853Ec0d55e420002c5eFaBc7Ed8e0bA7A4121 + +**Direct buy link:** + +[https://app.uniswap.org/#/swap?outputCurrency=0x1C4853Ec0d55e420002c5eFaBc7Ed8e0bA7A4121&chain=mainnet](https://app.uniswap.org/#/swap?outputCurrency=0x1C4853Ec0d55e420002c5eFaBc7Ed8e0bA7A4121&chain=mainnet) + +**Dextools chart link:** + +[https://www.dextools.io/app/ether/pair-explorer/0x5ad7452ceafdaeb0936507d5bb5890964ef56bd3](https://www.dextools.io/app/ether/pair-explorer/0x5ad7452ceafdaeb0936507d5bb5890964ef56bd3) + +**They are listed on CMC and CG! Check the links below:** + +[https://coinmarketcap.com/currencies/kanagawa-nami/](https://coinmarketcap.com/currencies/kanagawa-nami/) + +[https://www.coingecko.com/en/coins/kanagawa-nami](https://www.coingecko.com/en/coins/kanagawa-nami) + +**Explore the community channels to be up to date!** + +Okinami project’s team has provided a wide variety of social platforms to engage and interact with the community and learn about the upcoming events, listings and announcements. You can also contact the team on their social platforms to ask questions about the project. + +**Website:** [https://kanagawanami.com](https://kanagawanami.com/) + +**Telegram:** @ okinamiportal + +**Twitter:** [https://twitter.com/okinamitoken](https://twitter.com/okinamitoken) + +**Reddit:** [https://www.reddit.com/r/Okinami\_Token/](https://www.reddit.com/r/Okinami_Token/) +Hong Kong (CNN Business) China has decided it's time to loosen its purse strings and pump money into the economy in a bid to stave off threats to the recovery. + +The People's Bank of China on Monday said it would cut the reserve requirement ratio for most banks by half a percentage point, starting December 15. That move, which reduces the amount of money that banks have to keep in reserve, will unleash some 1.2 trillion yuan ($188 billion) for business and household loans. +The decision — the second cut to that ratio this year — came on the same day China's Politburo signaled that it may take more aggressive actions to protect the economy in 2022. The Chinese Communist Party's leadership team, chaired by President Xi Jinping, said in a statement that "ensuring stability" would be a top priority in the coming year. +They basically said they are going on a intense probe of 11 companies and various current and ex executives tied to those companies who have been involved in corporate fraud (please correct me on figures if I’m wrong) This is what we wanted !! They said they were going after individuals no matter their level of privilege. They also said their probe will increase as the pandemic fades out. Also mentioned was the force multiplier with charges hmm + +Any other thoughts ? I’m sure I missed a bunch of details + +• The link to the video is here https://www.justice.gov/live (DEAD) + +• Backup YT link https://youtu.be/HZwLrlzRYho (WORKING) (glad it was saved because the above link has been nuked) + + + + >> Great write up by /u/thelookertoo +- “This DOJ announcement needs to be mandatory viewing for all apes in it’s entirety. Don’t just skim it. + +It’s the top post reply on this thread and a must read ! thanks again /u/thelookertoo + +https://reddit.com/r/Superstonk/comments/t5x60n/_/hz7tuza/?context=1 + +Edit: posting /u/thelookertoo ‘s post here: + +“”This DOJ announcement needs to be mandatory viewing for all apes in it’s entirety. Don’t just skim it. + +Here’s a few of my take aways for those that don’t want to watch or need a reason to: + +There was a long introduction which includes a resume highlighting convictions in terrorist attacks. Weird for an announcement on DOJ financial investigations….but not. They are directly tying corporate fraud to terrorism in my opinion. + +They make it CLEAR that they are not going to settle for fines. They’ve bolstered their teams and finances to go for the throat. A.G. Garland actually makes it clear that normally spending the time and effort on theses investigations isn’t cost effective so fines are the normal recourse. He says this is not an option in these current investigations. + +A.G. Garland makes it clear that they are not just going after the corporations. They want individuals, no matter how high up they are. He says this numerous times. + +A.G. Garland states that in order for any company to receive any form of “cooperators” status in an investigation, they MUST provide all information regarding the wrong doings of EVERYONE involved, regardless of their status in that organization. Essentially hand cuffing any company thinking about using a scapegoat strategy. “We’ll just tell them that A and B did this and get a lighter sentence as a cooperating corporation “. Well, guess what. If the DOJ has any information that C and D (well let’s make this more interesting… K and G) were involved, all cooperating deals are now redundant. It’s actually a huge chess play for the DOJ because they hold the ball here. Fck around and find out type of thing. + +A.G. Garland ties financial crime to national security interests. + +How does this all tie directly into GME (as if not already blatantly obvious). They are going after KG not just Citadel, as well as any other CEO and CFO etc and they aren’t looking at fines. They’re looking at criminal convictions. PREFECT! + +So, is this a big announcement on a day that GameStop is releasing Babylon’s Fall followed by Ryan’s Rescue Hero’s? Damn right it is. + +Thanks for posting this video OP!!! +🍁🦍”” + +Transcript of the speech : https://www.justice.gov/opa/speech/attorney-general-merrick-b-garland-delivers-remarks-aba-institute-white-collar-crime +My W2s say everything is fine and dandy but I logged onto the SS website and it says I've paid $0 into it for the last year. + + +He has done this to my two other coworkers too. What can I do? + + +EDIT: i should have more clearly said for the year of 2018. My 2019 is still pending, for a separate reason where he fucked me over again. My coworker said this happened to him personally twice. And he had to call the SS office and have it corrected with his paystubs. Boss feigned ignorance all the while. + + +EDIT #2: Yes guys I am already getting a new job + + +EDIT #3: I will definitely post an update should anything ever come of this. I imagine any sort of federal investigation is going to take time, especially considering the pandemic. But good news or not, I'll update down the road. +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! + +*8/2 Update: The War against Financial Terror ensues. The total has ballooned to now $533 Billion. This is over half a Trillion dollars siphoned over 15 trading days. HKD, with 51 employees, no financials available, IPO’d out of nowhere around the same time of the splividend. One of the underwriters of the IPO is “Loop Capital Markets” which has shown itself in several DDs with ties to* ***Citadel.*** Notable GameStop bear Anthony Chukumbra was and still may employeed with Loop Capital. *The* *corporate office for Loop Capital and Citadel are a 4 minute WALK from one another in Chicago.* + +&#x200B; + +I have reason to believe that this arbitrary chinese ticker is being utilized, among other tickers in the ETF, and using certain rule waivers due to the IPO process (allowed for trading on the NYSE), is being exploited to account for margin specifically to delay or cheat/steal MOASS. It might be absorbing all of the $GME-specific FTD "settlements," which can be closed out by buying like-kind 'risk' securities. Well, how about a fifth-of-a-trillion dollars worth? This junk, new ticker is now (with perfect timing as we discover dividend shares weren't distributed) one of the highest market cap companies in the world? + +# It is within my opinion that this is Apes' MOASS money, now sitting in a brand new chinese ticker. Who was even buying? Who are the investors? + +Nobody thought to remove the buy button on something that jumped orders of magnitude higher than Jan 28th, 2021? Nobody intervened? No long-duration halts? Nothing to see here? + +&#x200B; + +https://preview.redd.it/m873k7fvj7f91.png?width=1170&format=png&auto=webp&s=515ae50344ba3494c2689cc7d936740d0535318d + +&#x200B; + +https://preview.redd.it/fer8wfkxj7f91.png?width=619&format=png&auto=webp&s=8e7baa4dfbd5c55fba295356c92f103445dce58a + +The timing (as sync'd with the failed dividend distribution by brokers), GME's unexplained volume suppression during the entirety of the splividend process, and all of a sudden a new chinese-connected entity becomes one of the highest market cap companies on the planet - I'd say there is a connection here. + +&#x200B; + +**Edit:** There could be others, but these tickers share the mysterious timing of trading patterns: + +1. [HKD](https://finance.yahoo.com/quote/HKD/news?p=HKD) \- Jumped from $1 Billion to $477 Billion market cap only within this span (this new junk company overcame Facebook in market cap, on $2m in monthly revenues, with no products, in only fifteen trading days?) +2. [AMTD](https://finance.yahoo.com/quote/AMTD?p=AMTD&.tsrc=fin-srch) \- Jumped from $2 Billion to $16.7 Billion market cap only within this span +3. [PGY](https://finance.yahoo.com/quote/PGY?p=PGY&ncid=yahooproperties_peoplealso_km0o32z3jzm) \- Jumped from $2.5 Billion to $20 Billion market cap only within this span +4. [QRTEB](https://finance.yahoo.com/quote/QRTEB?p=QRTEB&.tsrc=fin-srch) \- Jumped from $0.7 Billion to $4.6 Billion market cap only within this span +5. [LTRPB](https://finance.yahoo.com/quote/LTRPB?p=LTRPB&.tsrc=fin-srch) \- Jumped from $0.05 Billion to $.40 Billion market cap only within this span + +(the sum of these jumped from $6 Billion to $519 Billion over about fourteen trading days. That's a quick jump, of less than 1 GameStop worth to 48 GameStops worth, for arbitrary tickers on no major news. Imagine the real sum combined with those still yet to be identified.) + +&#x200B; + +# Thinking about $GME FTDs again + +&#x200B; + +The HKD IPO date of July 15th is the 1st day of the second half FTD window. Highly suspect, since we only have FTD data for $GME up to July 14th. In digging further into the SEC's RegSHO at [https://www.sec.gov/investor/pubs/regsho.htm](https://www.sec.gov/investor/pubs/regsho.htm), Rule 204 states: + +&#x200B; + +[Brokers, dealers, funds, and market makers can 'close out' $GME-specific Failures-to-Deliver \(FTDs\) by buying pretty much anything they want and that they can self-argue as being similar. This could be argued to be able to sell or buy ANYTHING to close an FTD.](https://preview.redd.it/omdv9jpxu8f91.png?width=771&format=png&auto=webp&s=d3db692b19906bd4e2a41b4d3d53cba5e432dc16) + +It doesn't look like they have to do anything else with the new security that they purchased in order to close a $GME FTD. Couldn't they just let what they bought sit idly forever on their books? And what if they pump and then dump this asset? What if they sell this new security at a profit? Do you think they would ever go back to accounting for the FTD closure of which it was spawned? So then, couldn't they make quick pump and dump profits from these FTD-closure-driven purchases, and keep growing without ever keeping their books clean. This, quite literally, is Pandora's box. + +So the paper trail would be like: they start with a $GME short sale that completed a false price-suppression transaction against the stock, they purposefully don't deliver the shares (who would?), this triggers a failure to deliver and therefore an FTD balance increase, then to 'close' the FTD they then buy something like $HKD and other new tickers (maybe also getting in a little bit of insider trading if you know what I mean by telling their friends that they're about to buy it, so they can try to own it first), then now-satisfied $GME FTD thereby lowering the FTD balance. By this point they'd have the $GME short still, no more FTD, and a new security that they can probably get away with calling an equity. They could cook their own books with circles of these, create a bunch of fake pump and dumps to ride profits, never actually keep any of the long positions if they don't want to (and if they do, just stuff it away for good measure for a few years in a swap that lacks transparency), and nobody audit-wise would know what they were looking at and how it actually relates to their other liabilities. The $GME short-transaction never officially goes away. It'll just remain there as a 'sell' transaction that occurred in the past. Never being rebought. + +The SEC clearly enables all of this. *There doesn't need to be naked shorting. This here is the 'naked' shorting, all backed by SEC vague language systemically built in to allow multiple interpretations. This is SEC-enabled shorting cycle. Perhaps the SEC really is the Short-Seller Enrichment Commission. Is this the cause of HKD's rise? It could very well be.* Or, the HKD case here could also be a forced pump and dump to balance out growing margin on their short positions that are on their books and which haven't yet resulted in an FTD. Or combinations of these. + +&#x200B; + +[The theory of everything solved?](https://i.redd.it/ycof6znm29f91.gif) + +&#x200B; + +&#x200B; + +* **More Research Needed** + +&#x200B; + +&#x200B; + +My personal statement on this: + +>*So there I was this weekend, certified Alpha, single-handedly taking on an army of a thousand shills mixed with beta Apes who didn't know whose side they were on. I faced death threats, humiliation attempts, harassment, hate, and other miscellaneous threats, because I was trying to bring light to FTDs which were rising. Now: Ask Yourself Why. The saying in the Fleet was, "you know your time-to-target is near zero when you are taking the most flak."* +> +>*Don't question my loyalty to Apes ever again. Instead, start calling the SEC and DOJ. This is activity unlike anything I have witnessed in the market since '08/'09.* +> +>*BUY $GME. DRS. HOLD. CALMLY, RESPECTABLY, PROFESSIONALLY, AND WITH CONFIDENCE.* + +&#x200B; + +# TLDR: 8/2 Update: As GameStop shareholders were supposed to be in receipt of Dividend shares, and as GameStop's trading volume remained substantially suppressed, these seven tickers alone jumped from only $6B to $519 Billion. This is over half a Trillion dollars arbitrarily and overnight, with a brand-new IPO (chinese $HKD) making up the bulk. $GME FTD discussion above reveals a possible solution to 'the theory of everything.' + +# Wut doin, Ken? Pumping these to buy another day on margin? "Settling" $GME FTDs? Or stealing half a Trillion USD in Apes' MOASS money through hong kong? +TLDR: Overstock has proved that issuance of a digital dividend is easy and requires no action to be taken by shareholders. If GameStop issues a digi-dend similar to Overstock, it's game over for SHF's. + +&#x200B; + +There has been some speculation that RC's [PG-13 tweet](https://twitter.com/ryancohen/status/1417315406272864258) is a reference to [pg. 13 of the GME prospectus](https://www.reddit.com/r/Superstonk/comments/onthet/pg13_of_the_gamestop_prospectus/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), and that perhaps GME is lining up for a stock split. + +&#x200B; + +I don't think so. I think it's better than that. Why? Because page 13 of the prospectus talks specifically about UNITS- not stock splits. + +&#x200B; + +[https:\/\/www.ig.com\/uk\/investments\/support\/glossary-investment-terms\/unit-definition](https://preview.redd.it/x20ar577gbc71.png?width=3312&format=png&auto=webp&s=1c6277711d57d977d00c5a8609ef410d88dac391) + +&#x200B; + +I think GameStop is going to execute an even better version of what Overstock did with its [blockchain based dividend](https://www.overstock.com/dividend): + +&#x200B; + +***"The Overstock.com, Inc. ("Overstock") Board of Directors approved the declaration of the dividend in the form of shares of Digital Voting Series A-1 Preferred Stock"*** + +&#x200B; + +Did you catch that? **Digital Voting Series A-1 Preferred Stock.** + +Which means it acts like regular stock, but it also is attached to a blockchain. + +Issuing a dividend in this way solves the problem of how to get the dividend into people's hands- **the stock is automatically disbursed through your broker AND shows up on the blockchain**. With the "Series A-1 method", GameStop avoids having to figure out how to issue a token or NFT in a way that people are actually able to access and claim ownership of it. + +Since a Series-A1 dividend acts like a regular stock dividend, it simply shows up in your brokerage account, with zero work required on our part (just the way we like it). + +&#x200B; + +**At the same time, the number of dividends issued shows up on the blockchain. Boom. The true share count is revealed.** + +&#x200B; + +If GameStop issues one dividend per share of regular stock, and your number of dividend shares isn't exactly equal to your regular shares, you know something is up, and you tell your broker to figure it the fuck out, which they are obligated to do. + +This is just a theory of course, but it's a theory with precedent- Overstock has already paved the way and proved it's possible. + +Can't help but love the poetic justice playing out- GameStop is *Overstock*ed, and might be taking a page out of the Overstock playbook to put a stop to the game once and for all. + +Gently jacking my titties. + +&#x200B; + +EDIT: Linking u/Minuteman_Capital's excellent [DD that provides a deeper dive into the Overstock](https://www.reddit.com/r/Superstonk/comments/o6si8c/how_overstocks_squeeze_was_a_twopart_squiz_court/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) situation. It's really interesting and tit-jacking to see that this has been done before. Overstock has helped set the legal precedents that provide a solid foundation for a GME launch. +So despite being an Australian with no intention to live in the US, I have a US passport from my parents both being Americans. Apparently Uncle Sam's long arms stretch to Australia, and I'm meant to be filing taxes in the US. + +The only issue is that the US tax forms seem to be some of the most fiendishly complex instructions ever created, and I'm terrified I'm going to mess up the filing and end up being raided by Seal Team Six for owing taxes, even though I pay my Australian taxes every year. + +Have any other US citizens in Ausfinance gone through this process and can offer advice? + +Single, no kids, and don't own any property, my annual income is around AU$120,000 if that changes things +There is an inverse relationship between money and youth: the younger you are, the more impact money has on shaping your happiness / life. But that's somewhat misleading. What is really impactful is the abundant amount of social opportunities due to youth. + +* At 18, an ideal life would be leaving the parents' house, traveling, learning, and self-improving by doing lots of different things with different people and going with the "flow." Success is highly correlated to social success. + +* At 30, those "same" steps are now a baseline expectation and growth isn't exponential. Growth becomes linear and regrets become exponential, as dwelling in your 30s about yours 20s becomes an ambition death sentence for a stagnant life. + +This brings me to my main point: how do you balance lean fire (saving lots of money) versus finding social opportunities (that tend to cost more money to keep up)? + +I believe I messed up. I have retired early but I removed the social factor in consideration. In fact, it becomes a lot easier to save lots of money if I don't care about appealing to other people. But I do and so I just avoided something with drastic opportunity costs. + +To save money, I just ignored social expectations. I lived with my parents (still do, almost 30 years old), slept on the floor (it was more on wasting money, every mattress I bought sucked after 6 months), and mindlessly focused on working. + +I look back at the years and the only highlights are job related or money related. I have never been hugged, kissed, or loved. I have never had someone call me just to hang out (people call me because they want something from me). By ignoring the seduction of social opportunities, I have never experienced lived life. + +What would you do in my situation? How do you improve your own social interactions while saving for retirement? +Most of us use either a full brokerage service from a bank or a discount brokerage. +But what about the big market players who actively invest? and Institutes? +the way we invest and mutual fund invest is similar. Mutual fund hardly make 2-3 times their capital during their life span. + + +if i get 100k, will i be millionaire with same approach? + + +DUMb question I know. +Hey guys, + +It’s dat boi, wattup. + +I stole the idea from another user a while ago to do this, and thank God BF69 paid attention and got both of us involved. I contacted GameStop’s SMRT team about a month ago, another user did all of the legwork to get in touch with T4T. + +This is an amazing show of teamwork and good will. I’m definitely going to donate. You should too. It’s a good thing. Do good things :) + +Edit: before I get carried away my contacting GameStop was my sole involvement and pretty much ended there because of my workload with school and work… really, these guys did a fuck ton of work to put this together. +So last weekend my life suddenly became that hypothetical: "What would you do if you suddenly were handed $10,000?" when my great uncle (still alive and kicking) gave me, my siblings, and my aunt each $10,000 cash in an envelope (best envelope I've ever received!) because, "I'd rather take care of you guys while I'm alive than in my will." Cool. + +But now I'm in a situation where I don't really know what to do with it! My hubs and I are very stable financially at the moment. Our only debt is my husband's student loans which are less than $9,000. Yes we could pay that off technically, but that seems like a boring way to spend a gift and the loans are paused now and helping his credit score so.... Eh. We also have our 6 months of expenses in savings, we have a fairly robust vacation fund left over from our honey moon, and we're moving soon so we're avoiding buying things we don't truly need. I'm thinking about using $1,000 of it for fun stuff (hubs' birthday is coming up, maybe doing couples massage, expensive dinner, that sort of thing that we usually can't afford), and need help deciding where to put/invest the rest. + +For background, we both have ROTH IRAs, I have a 401K, we have a Vanguard account currently growing our future house down payment, and I have a Stash account. These are all viable options, but they just seem like boring ways to use this money. I need some people to hype them up for me. + +Let me know your thoughts! Thanks! +This is the official $GME Megathread for r/Superstonk. 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Basically, Beta NFT concepts, in a real world setting. + + + +We all know NFTs are faaar more than Monkey JPEGs. We also know that blockchain, NFTS, & Brick&Mortar are beginning to intertwine. Digital and Real World are becoming blurred together. We are still in it's infancy as to what is possible... + + +**...And I want this space to be the GUINEA APE to any Real Life NFT ideas Gamestop may want to beta test. Let's Get Weird.** + +***Potential Ideas:*** + +NFT Barcade + +Interactive Art Gallery + +...Or whatever weird/new/beta concepts Gamestop would like to try. + + + +**About the Space:** + + + +[Layout Diagram](https://i.imgur.com/JTtlgIA.jpg) + +* The space is approx 5,500 SQFT. It's quite literally a blank canvas. Open concept. +* It's located on a second floor. Has multiple entry/exit points and ADA elevator access. +* Located in the Heart of Downtown on "Main" Street. Heavy Foot traffic. +* Minnesota Location. A college town (3 colleges). +* Building has multiple other retail stores including a high-end bar/pizzeria, gym, and other retails stores. +* GameStop would have the entirety of the second floor to themselves! + + +Not sure who to contact in regards to Gamestop, but if anyone has any further info/connections, should shoot me a PM. Also, any Architects, Interior designers, or RE Lawyers... that could help in anyway in regards to brining this to fruition, would be amazing. + + +*HODL. +DRS. +FUK YOU KENNY, PAY ME.* + + +EDIT: +https://twitter.com/gold_flake222/status/1541641240831213570?s=21&t=VqnYtsbG8NCJOI4N7oJ9Tw + +You guys know what to do 👆 +It occurred to me that the concept of writing covered calls to "lower cost basis" is just psychological trickery. When you write a CC, you net some premium. That premium, however, is completely fungible. Cash is cash. Cash does not carry a memory of where it came from (except for tax purposes). You could just as soon say "I sold CCs on AAPL to lower my cost basis on my MSFT shares." The reason people don't say that is because of narrow framing bias, where they view individual positions or tickers as separately existing atomistic entities segregated from their portfolio as a whole. + +In fact, let me be bolder. You can even say... + +"I got a raise at work in order to lower my coast basis on MSFT shares" + +"I sold my Tesla to lower my cost basis on TSLA shares" + +"I won a scratch off lotto ticket to lower my cost basis on GME shares" + +...and it would make just as much sense (tax implications notwithstanding). *Money is money.* + +Which is to say you aren't lowering your cost basis at all. You're just generating income. If you placed a bet on a coin flip, lost once and then won twice, would you claim that you won three times? Every time you enter a play, you CHOOSE to enter that play, specifically. The choice to long stocks/LEAPS and the choice to write CCs against stocks/LEAPS are fundamentally two different choices. + +Why do I bring this up? Because I think the way people relate to CCs is fundamentally dangerous. People feel that once they enter a position they are somehow obliged to at least break even before they're allowed to exit it. But this simply isn't true. Every play has an opportunity cost. Ignoring that may make you feel better, but it won't actually maximize profits. + +And of course the same is true of CSPs. +I am 18 and i was previously homeless in november, due to personal issues. I was only on the streets for 2 weeks, whilst i applied for an overdraft of 500 and got a job. I am a private candidate student aswell and have to pay for everything myself. I was almost unable to pay for my ucas applications to go to uni in september, until a friend lent me ￡26, so you can understand how bad it was and how that would have ruined my life. If i wasnt studying i was working. This was 8-10 hours depending on my shift and bus times. I was on a 0 hour contract and was released in january. I am with multiple agencies, but non have jobs available. I was even told i would start work again this week tuesday and to call on monday to schedule my training day. When i called they told me all the spots had been filled, even though i spoke to them on the phone on friday and confirmed my position. + +I was relying on this entirely and have to pay rent on friday or i will be kicked out. I get payed around ￡300 from uc on the 11th. I need to pay ￡240 for rent and dont have any of it. Ive just ran out of instant noodles and plan to water fast until im back on my feet, which ive done plently of time safely. Ive been in far worse situations, but i feel like im heading back to where i was at my lowest in Novemeber and it is just traumatic to even contemplate. Im grateful for the experience, but thought i had escaped that life for good. + +My natwest bank closed my account last week for absolutely no reason and i went into the branch and they confiscated my card. If i wanted to get out the ￡43.99 i had left it would take 60 days to process. I have a lloyds account which is where i got the overdraft, so already -500 and cant borrow anymore. I was so desperate and applied for payday loans, but was rejected by them all. Although im now thankful, as after further research, i understand it would have destroyed my credit file for years if not permanently. I need advice on where i would go to borrow this amount of money by friday evening, until im payed next month. Ive been trying to stay calm, but honestly my heart has been beating out of my chest for days. I just want to feel secure again. This whole pandemic has already cost me even more money, due to being out of work. As i will have to pay late fess for my exams, since i dont have the money to enter yet. +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. +Overheard a conversation in the office on Friday morning a couple of cubicles up. A coworker, probably in her late 40’s, asking another coworker about the same age, how to transfer all her stock to bonds on the 401k website. The second coworker then describes click by click how to do it, while also getting rather angry at her (as a friend) for not doing it earlier as she had done. + +“YOU HAVE TO GET OUT OF STOCKS NOW” she almost yelled. + +I couldn’t believe what I was hearing. The market at that point was down around 20%? And here this person was about to eliminate a substantial amount of what could potentially be her life’s savings. And her friend presumably had already done the same. + +The more I thought about it, the more depressing it got. I realized they could have possibly done the same thing a number of times in the past. Each time they could have exited the downturn with much less than they’d started with. If they were still in stocks at this point, they must buy back into stocks at some point after the carnage. And all this essentially represents how they understand the markets, and how they believe one should invest. And it made me realize how scared someone like that must be about their investments and retirement, to think that at any time, the markets could tank and you simply just loose years of savings because of it, nothing you can do about it. + +Anyways, for a bit I attributed this to them simply not being that bright. But I began to think, what if I didn’t have groups like these? What if I didn’t have smarter people crunching the numbers, running the projections, doing unbiased research (hopefully lol), that I so easily get to benefit from? What if the only access I had to financial advise was through some shady financial advisor company or some relative? I could have been like them. + +Anyways, just thought I’d share. One of those moments that just blow you away and make you incredibly grateful at the same time. +Lately I’ve been seeing lots of posts and pages on Twitter from “dividend investors” who, over time, build their yearly dividend payouts to tens of thousands of dollars. While not inherently better or worse in terms of growing a nest-egg, I feel like psychologically, that type of feedback loop – seeing dividends paid/shares DRIP every quarter – would suit my sensibility, but I don’t know how to begin. + +Hypothetically, if you wanted to begin a dividend stock portfolio with $10k in cash, how would you go about it? Would you let it grow in a TFSA or RRSP, and why? Is there anything you recommend I read or listen to that touches on the theory and practice of dividend investing? + +For the record, all my current investments are in growth ETFs, but again I find myself attracted to dividend stocks for at least a portion of my portfolio. I lack the knowledge and experience to get started. +&#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 +Theories I have + +1. Access to sea trade +2. Less influence from prior communist forces +3. Less threat from various invading (large) tribes of Asia +4. Cultural advantages in the West, earlier enlightenment period + +Maybe some or all of the above play a major factor but I can't help but consider this also + +* The East should be on the path of land trade routes +* The Byzantine empire was richer than the Western Roman empire + +What is the main reason the west is richer than the East? I'd guess greater capacity for ocean trade or less threat of invasion. +&#x200B; + +https://preview.redd.it/pweknxznb8171.png?width=1600&format=png&auto=webp&s=46062698236d9e03945e61290c4aaebfdbaa873b + +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/imbcjk6qb8171.png?width=680&format=png&auto=webp&s=50aa8b19aad14004e5cb9e29fbe47802b64d6660 + +# Shoutout to u/pinkcatsonacid + +So the AMA yesterday had some technical difficulties, which in and of themselves suck to have. But I have to say I'm extremely proud of how my fellow mod handled the situation, as far as I know Pink had not done an AMA before but if you told me she did I would have believed you. + +She handled it with grace and once Lucy couldn't reconnect she acted fast and well, stepping up and going on with the show like a true champ. + +Seriously, kudo's for your work Pink 👏👏👏 + +A further write-up of the AMA can be found [here](https://www.reddit.com/r/Superstonk/comments/nke7sp/post_ama_dd_lucy_komisar_ama_powerpoint_and/) + +&#x200B; + +https://preview.redd.it/idys9hptf8171.png?width=600&format=png&auto=webp&s=3f0683dbe9be4a67e8fc07748e94652f62cd7568 + +# RC Tweet + +Steve floats to the top? + +[https://twitter.com/ryancohen/status/1397047791889879041?s=20](https://twitter.com/ryancohen/status/1397047791889879041?s=20) + +I know this is from "American Dad" and the kids name is Steve, he seems to be floating up. + +Can be a shitpost or can be a message that has something to do with the float. + +What's funny to know about this scene is (from memory) steve was a terrible swimmer and had Claus stuck in his swimming shorts to do the work, so could also be a reference to someone working behind the scenes? + +Again could be a lot could be nothing. + +**Addendum:** u/ChemicalFist found out something interesting, there is an investing term called "underwater" + +[https://www.investopedia.com/terms/u/underwater.asp](https://www.investopedia.com/terms/u/underwater.asp) + +&#x200B; + +https://preview.redd.it/biqdvptvp8171.png?width=960&format=png&auto=webp&s=59baff6bff93cf6fcb8fd99d3478c420d92339fd + +hmmmmmm interesting! + +&#x200B; + +https://preview.redd.it/hvc3s9pqd8171.png?width=700&format=png&auto=webp&s=dc86e43cefd12b1484611ca50990145994b1ceff + +# When in doubt, zoom out + +&#x200B; + +https://preview.redd.it/uaskll7le8171.png?width=960&format=png&auto=webp&s=c6c4c5f09fe93f8437b4be60075ab2651a282d7c + +It's been on a two week rise, even if the "daily" profit was gone by a flash, look at the chart it's still ok. + +Slow and steady my friends, slow and steady. + +We've been saying this for a long long time, the Moass is like Gandalf, it will come when it is meant to, just hodl, chill out and see what happens. + +This was never meant for a quick buck, or whatever, re-view Deepfuckingvalue's videos where he talks about diamond handing, look at Mark Cuban's ama on wsb. + +This was never going to be easy or fast, so sit your monkey ass back, share a banana with a friend and have some laughs. Because we are still waiting on the annual shareholders meeting. + +If after the shareholders meeting they see that there is an extremely high amount over votinging they won't take action that exact day, they'll go through their legal channels and it may be a few weeks before we hear about it (trust me they want/need to do everything above board) this is because they can file lawsuits against the bad actors and get "damages" paid. + +But that's all speculation, all I'm trying to say is learn to be zen, it will come when it comes. + +&#x200B; + +&#x200B; + +https://preview.redd.it/buzmqhrdg8171.png?width=640&format=png&auto=webp&s=d58dc32b49e594027ab7b207dbb35e26ecbbbf44 + +# Crypto SUUUUUUUUUBS + +Ok guys real talk here for a sec, we have had some cryptobro's along our side for quite some time now, people actively posted on my thread yesterday saying they were here from jan/feb ish but never posted, so this is awesome to have more people aware of all of this. + +The one thing that isn't cool however, is going on THEIR subs and saying they should get into GME/AMC/ANYTHING + +Imagine how you would react if someone came in here trying to push Bitcoin/Etherium/Dogecoin ? You'd get upset right? so please understand that if they want to post about GME they'll come here, but we should in no way brigade their subs + +&#x200B; + +https://preview.redd.it/5x888rwph8171.png?width=640&format=png&auto=webp&s=503c253a8e7816ea1f387fc2ec3534da27915089 + +# Italian bank collapses on exposure to Greensill and GFG + +[https://www.ft.com/content/c02a6e97-5505-4d4a-933f-a0e934ca6eda](https://www.ft.com/content/c02a6e97-5505-4d4a-933f-a0e934ca6eda) + +there is a thread about it right [here](https://www.reddit.com/r/Superstonk/comments/nk3ddb/italian_bank_collapses_on_exposure_to_greensill/gzamro3?utm_source=share&utm_medium=web2x&context=3) + +Be sure to give it a read ;) + +&#x200B; + +https://preview.redd.it/glflhpk5i8171.jpg?width=512&format=pjpg&auto=webp&s=2a8d315254e1a3173bfa5dcb29da3ab1ff533a94 + +# Sen Elizabeth Waren: wants to bar congress from trading individual stocks + +[https://www.businessinsider.com/elizabeth-warren-ban-congress-trading-stocks-investing-tom-malinowski-nhofe-2021-5?international=true&r=US&IR=T](https://www.businessinsider.com/elizabeth-warren-ban-congress-trading-stocks-investing-tom-malinowski-nhofe-2021-5?international=true&r=US&IR=T) + +&#x200B; + +TL:DR Congress abuses their knowledge of stocks (like with the covid crash) and profits and outperforms the market, if this moves forward they wont be able to do that anymore. + +Nice to see some people actually making waves. + +&#x200B; + +https://preview.redd.it/3nuz7qmwi8171.png?width=1600&format=png&auto=webp&s=e36636a3e11ab200b8301cc8d0fb4ad1d8908f9c + +# Bitcoin wallet ? + +According to [THIS](https://www.reddit.com/r/Superstonk/comments/nkde38/bitcoin_address_activity_appear_to_mirror_gme/) post, there seems to be a bitcoin wallet moving at against GME, now I'm not wrinkle brained enough to understand this, but I hope I can bring this to the attention of smarter apes here who could be willing to help and research this OP, and maybe find some more stuff out. + +&#x200B; + +&#x200B; + +https://preview.redd.it/n13zn4k4k8171.png?width=640&format=png&auto=webp&s=3cd0bea93696315fadb950b5682064f8b2be2a12 + +# Gamestop New Filing + +[https://gamestop.gcs-web.com/node/18896/html](https://gamestop.gcs-web.com/node/18896/html) + +Gamestop just released their "Form SD" or "Special Disclosure" on **Conflict Minerals Disclosure and Report.**Be sure to give it a read and a once over + +&#x200B; + +https://preview.redd.it/hq54qcmej8171.png?width=554&format=png&auto=webp&s=125db23967823382afaafcf3f2545fd8c3da921e + +# 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/1gslsm4hj8171.png?width=400&format=png&auto=webp&s=cfdfaa1e23aebb523c314887ced099b533bef9fa + +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) + +&#x200B; + +And yes this is not being posted through Automod, Automod does not let me edit my posts after they have been posted (I'm currently looking into it if it's at all possible to do, because if new news comes out during the day it is important to add in here, then I want to add it in, instead of making 30 posts a day).If someone smart could perhaps help me with the automod posting and editing of posting please let me know in a comment! +Extract from Freetrades most recent (2020) financial statement which I'm referring to: https://imgur.com/a/ORPP0Xi + +Was looking into a new ISA provider going into the new ISA year and Freetrade was quite high up on the list due to their low monthly fixed fee (would be looking to invest a fair amount where % amount would greatly outweigh fixed fee), nice interface and the site having the ETFs I would purchase. + +Treat my ISA as a set and forget and wouldn't touch it for 15/20+ years is the plan but was concerned when I read the companies financial statement especially the going concern, if my understanding is correct, going concern is the accounting policy which outlines if a company is able to trade going forward and more so specifically for the next financial year. + +The company did raise £8.2m in 2021 in their latest round of Crowdfunding but am i being paranoid? The extract from PWC doesn't mince its words, Freetrade is FCA regulated so funds upto £85k would be protected but this has put me off Freetrade a little. +This is a $3.4 Billion NPV0 Mine, 250 year resource, fully financed, significantly de-risked and the board see fit to recommend a takeover valuing it at $267 Million. + +We have a WhatsApp and Telegram group, and over 50 of us have emailed all key stakeholders. + +If you can help, or you hold shares, please get in touch! + +It's a long shot, but we will fight this to the end. +I officially FatFIRE’d 6 months ago and thought I’d share some thoughts. Of course, AMA about this too. + +*Finances* + +It’s definitely been a bit scary “retiring" into a bear market, but it also tests your intestinal fortitude. + +This year, my total net worth has taken a 15% hit (to date) and, obviously, I’m not earning any more FAT income from working, which tends to blunt the effects of market cycles. + +I can’t say it’s caused me any real concern, however. In fact, I’ve been waiting to invest a final tranche of cash into equities ($3 million) and plan to do that when most of my metrics are hit (e.g., S&P below 3,500, VIX over 40, Apple below 125, TSLA below 200, 2% dividend yield on the S&P, 10 year above 3.25%, which has, obviously, occurred already). Other than that, I’ve been living off of dividends and just watching annual expenses to confirm we are within our planned annual budget (i.e., our spend is about $350K annually, although it’s expected to go down a bit when my early-20s daughters begin to support themselves). + +After-tax, net passive income is between $400K and $450K, currently, so there’s a buffer. + +One problem with our financial situation is we moved to a new home in a new state during the last 6 months, which has caused us to incur moving expenses (about $20K) and we are now furnishing and remodeling our new place and have incurred remodel expenses (about $50K so far, but expect to spend at least $500K over the next 12-18 months). That’s obviously not part of our annual burn and I’ve set aside extra money to pay for it so it doesn’t cause stress, but that brings me to … stress. + +Moving itself and remodeling are big stressors, so add that on top of the stressor that is a “bear market” and then add all of that on top of the stress accompanied by being newly-RE in general and you get a "stress-sundae.” + +All that said, I still feel fucking great, which is to say that despite all the “stressors," we are financially healthy and we really don’t feel nearly as stressed as we’d thought (or what I’d have expected) at this stage of the current cycle. I have moments where I worry, of course, but 95% of the time I am a cool cucumber, at least when it comes to finances (as long as we stay within our budget). + +*Life* + +My typical days often involve something "new.” Sometimes it’s as simple as a new park, new hiking trail, or new restaurant, other times its new experiences (e.g., meeting new people, music, museums, exploring the region). And, while I’ve allowed myself a few sedentary days to just chill or, more recently, indulge in some CNBC-porn as the markets tank, I’m mostly doing something new every day as I am not a very sedentary person. + +Since we moved here, for example, we’ve gone on an impromptu camping trip (3 nights) and bought another boat (i.e., a power boat whereas we have a sailboat abroad) and explored lots of new places (overnight) on land and on the water in this region. I’ve tried yoga (not really a fan, but still feels good, and may try again), gardening (which is kind of fun, but I am a novice and not terribly interested in learning about it), and fixing stuff around the house (always frustrating, but intrinsically rewarding), but I don’t put pressure on myself to do stuff and just let days unfold naturally. + +Perhaps one reason we’ve not been bored is the move/remodel itself, but also the seemingly constant stream of family and friends we’ve had visit. I looked at my calendar the other day, and it’s been virtually non-stop visitors since we’ve gotten here (i.e., we had visitors within a week of physically moving). And, during the times when we have not had visitors, we’ve gone out of town (i.e., camping, boating, or to concerts). + +What’s more, I’ve been preparing for an extended sailing trip overseas where we will be living on our sailboat for at least 6 months, and am looking forward to this upcoming adventure. So, to be fair, I have lots going on and lots to look forward to … that’s important because my philosophy of happiness is, to quote/paraphrase someone else, “somewhere to live, someone to love, something to do, and something to look forward to.” + +On a more mundane day-to-day level, I typically sleep in (usually between 9 and 10 am) … followed by wherever the day takes me … and then stay up late (usually enjoying a movie or show with my family). I’ve also gained a small amount of weight (about 5-6 lbs), partially because I’ve been enjoying so many new bars and restaurants and stopped obsessing about weighing myself every day … besides, I’m still in excellent shape, just not as skinny as before (I can barely tell) and don’t really care about a few lbs (but, of course, will not blithely let this trend continue). + +One thing that’s changed is I don’t automatically get up and shower. I actually hang out in the clothes I slept in (usually swim trunks and a t-shirt) and tool around before getting to showering daily … weird detail, I guess, but it’s part of just letting the day unfold as opposed to being in a routine. + +*Activities* + +Despite covering this above, I wanted to have a separate discussion about it. + +As I said, I’m not bored and, frankly, the days seem to fly by … I also do not miss work. In fact, I’ve done a couple of consulting jobs during this time and found them to be boring and unfulfilling. + +I’ve not, however, done some of the things I’d contemplated or enjoyed some of the things I’d thought I’d enjoy. Like yoga, as mentioned above, is just not terribly exciting for me … and while I thought I’d enjoy reading novels a bit for pleasure, it hasn’t occurred. I do continue to read online and find topics that stimulate my brain, but I’ve always done that. + +I’ve read others’ accounts of enjoying the first 6 months and then being bored. So far, at least, I see no signs of that occurring … it’s actually hard for me to spend time writing this as I’d rather go do something, but the process of doing this is, I think, mentally rewarding. + +Oh, I nearly forget. One thing I do now that’s different is I use my lack of time constraints to go out of my way to help people when given the opportunity. For example, I’ve helped return some property that was stolen (i.e., a church’s gay-pride flag that was stolen; I saw it by the side of the road and returned it to the church); picked up an older man who was walking with a gas can (he wasn’t hitching but clearly needed help); delivered mail (i.e., an Amazon package was left at my house and I delivered it to the correct house, which was weirdly a ways away!), etc … where I might have previously been in too much of a hurry or otherwise too burdened to help, I now use my extra time to stop whatever I am doing and offer my assistance to neighbors or strangers. + +*Love* + +I spend most of every day around my wife, who also RE’d. We’ve had a wonderful time together and are as in love as we’ve ever been … she’s my trusted companion and partner and our relationship is strong. I wouldn’t want to do this without her and think she’s an integral part of my happiness. So don’t misjudge this section for its brevity, however, since I think having a loving partner on board with your plans is essential. + +Anyway, I figure that’s enough of an update for posterity and/or to get the conversation started. Maybe no one will care, but at least I’ll have this to look back on and, of course, maybe my insights can help someone here. +[**Vitalik Buterin's statement to TechCrunch:**](https://techcrunch-com.cdn.ampproject.org/c/s/techcrunch.com/2018/01/15/vitalik-buterin-fenbushi-capital-exit/amp/) + +"2017 really has been the year where hype in crypto, including financial hype and social hype in general has far exceeded the reality of what existing blockchain systems can offer. There is a lot of attention, and a lot of eager expectation, but as far as reality goes the practical usability of blockchains has in some cases even regressed due to rising transaction fees. + +I expect 2018, at least within the Ethereum space that I’m best able to speak about, will be the year of action. **It will be the year where all of the ideas around scalability, Plasma, proof-of-stake, and privacy that we have painstakingly worked on and refined over the last four years are finally going to turn into real, live working code** that you can play around in a highly mature form in some cases on testnets, and in some key cases even on the public mainnet. **Everyone in the Ethereum space recognizes that the world is watching, and we are ready to deliver.**" + +*Note:* ***emphasis*** *added by me.* +The market breathes in and out. Just like a person. Bitcoin has been on a marathon journey upwards and has put much pressure on everything. Ethereum is a mild asthmatic right now... + +But if you think about all the red in alts just consider than many of them either didn't exist before Ethereum or are valued much higher than they would have been if Bitcoin blockchain based. Just my take on everything. More ERC20 experiments, More Better. People are building tokens on the Ethereum network and taking profits out of massive ICO's. + +This too shall pass. I've been saying for a while to not expect new ATH for a while. Just like ETH being held under $20 for a year (regardless of reasons)I see now the same $100 window forming that may lasts for months. + +#PRICE IS NOT OUR ONLY NEWS + + I see ETH is actually GROWING exponentially in projects and lab testing, development growth, transaction counts, Nodes, NEWS, Conferences, Meetups, and integration services that will make ETH the highway for all blockchains. + +Everything in Crypto moves 10x faster than reality. It's so hard when you are in here or in your Slack/Telegram/Discord/Github groups to step back and look at this *thing* that has been created for what it is; a tectonic crypto earthquake of innovation. We look at every nuance with a microscope or a meme instead of looking at the forest. + +*there's a lot of shit going on right now that is highly competitive and secret* + +don't think for a second these huge institutions are somehow benevolent and transparent to helping your portfolio gain value. Quite the opposite. I think we're going to see ferocious and abrupt competition for your dollar both in and out of crypto in 2018. Whether it's a token or just switching to a more ETH friendly neighborhood bank....a mom and pop shop, or Amazon. + +*The Mania is going to start Soon* ^tm + + +Anyway...I gotta run to the lunchroom for breakfast duty here at School. yes...It's Donut Day (Wednesdays and Fridays) + +https://imgur.com/gallery/wL7l1 + +**Cheers and Big Hugs from Kansas City.** + +Hello you money making savages! + +I hope everyone is doing well in these volatile times. I wanted to see if there are any current or past employed algotraders on here that could shine some light on what an average day looks like? Any reposes to the below would be super interesting & appreciated :) + +\- What data do you generate/work with? Price, news, earnings, social data, search data? + +\- What languages and libraries do you use? Python, matplotlib, pandas, numpy, scikit-learn? + +\- What are the steps in data processing? Aggregating price data across stocks? Pre-processsing text based data for topic modeling? + +\- What are the outputs you deliver? Back tested trading algorithm? Analysis of potential investments based on research? + +\- Typical meetings, timelines, deadlines? + +Thank you and all the best, + +&#x200B; + +N + + +***Latest News / Upcoming Events:*** + +**✅** CG/CMC + +**✅** Highly Undervalued With Low Market Cap + +**✅** Take Profit & Stop Loss (Limit Orders) Coming Soon + +**✅** ERC-20 & BEP-20 Bridge Coming Soon + +**There are not many diamonds in the rough like WindSwap - don’t miss out.** + +⭐️Join Over 10K+ Members - [**https://t.me/windswapmembers**](https://t.me/windswapmembers) **⭐️** + +***Accomplishments in the last 2 weeks:*** + +**✅ LIVE DEX (Proven Use Case)** + +**✅ CMC / CG / Blockfolio** + +⭐️Consistent Dev Updates & Community: [**https://t.me/windswapmembers**](https://t.me/windswapmembers) **⭐️** + +WindSwap since the beginning has been impressive but wow is it gaining momentum. WindSwap has met huge milestones over the 2 weeks alone with Coin Market Cap, Coin Gecko, Staking, but the best is yet to come. In the pipeline they have announced the following: + +🔥 Token Rug Checker + +🔥 Smart Put/Call Limit Orders + +🔥 ERC-20 & BEP-20 Bridge + +Take a look at the chart for yourself, it is looking very good! The Telegram group has just hit 10k members and is growing rapidly. + +**🌐** Site: [https://windswap.finance/](https://windswap.finance/) + +✅ Telegram: [https://t.me/windswap](https://t.me/windswapmembers) + +📈 Chart: [https://app.windswap.finance/#/chart](https://app.windswap.finance/#/chart) + +🧾 Litepaper: [https://windswap.finance/whitepaper/litepaper.pdf](https://windswap.finance/whitepaper/litepaper.pdf) + +💰 Coin Market Cap: [https://coinmarketcap.com/en/currencies/windswap/](https://coinmarketcap.com/en/currencies/windswap/) + +🥞 Coingecko: [https://www.coingecko.com/en/coins/windswap](https://www.coingecko.com/en/coins/windswap) +Curious if anyone has ventured into investing in Japan. What has piqued my interest is the current exchange rate is near all time highs (meaning strong purchasing power for the dollar). + + +Based on my limited research, it seems like cap rates are higher in general in Japan because houses generally depreciate similar to cars. However, the land remains valuable. + + + +Is this a great opportunity to scoop up some cash flowing properties at a discount? +My wife and I recently decided to sell our home for a premium due to the craziness of the housing market. We are profiting a substantial sum, and wanted to invest with a 1-3 year timeframe (our housing is sorted out and are stable everywhere else) given that timeframe would ETF be the best option? I do have a dividend fund set up on a ROTH, however was inquiring here because the 200k is meant to be a down payment on another home. + +We understand there are no guarantees with stock market however we are willing to invest this amount (and we will not allow it to go under 150k) and was curious if ETF was the right approach. + +Thank you in advance! +**Just as an example, if you have:** + +- a $5,000 balance on a credit card + +- with a 20% interest rate, then + +- paying JUST the minimum (let's say 3% of the balance, which is $150 for the first payment), + +- **it would take 183 months (that's 14 YEARS) to pay off the card, and you'd pay $5,601.51 in interest alone.** + +*This is because the Minimum Payment goes downs as the Balance goes down.* THIS IS WHAT THE BANKS ARE HOPING YOU WILL DO!! + +So after making the first payment of $150, your next minimum payment is $148, then $146 in Month 3, etc. + +**BUT, if you just keep a constant payment of $150, you'll pay off the card in 48 months and spend $2,164 in interest.** + +**This will shave over 11 years off the time it takes to repay the card, and save you $3,437.51 in interest.** + +*Paying even a small amount over the minimum payment each month goes a long way.* + +More examples: + +Paying $175/month ($25 extra) cuts your payments down to 39 months and saves you $3,914.51 in interest. + +Paying $200/month ($50 extra) cuts your payments down to 32 months and saves you $4,226.51 in interest. + +**I know you hear this time and again here in PF, but paying the Minimum Payments is a Lifetime Debt Sentence.** + +*And paying extra each month gives you an emotional "win" that will help you keep moving forward.* + + +**____________________________________________________________________________________** + +**EDIT #1:** +**Of course, in a perfect world, no one would carry a balance on their credit cards, and would only use them to get Cash Back Rewards and Travel Points and Airline Miles and a date with Olivia Munn**, but this post is geared towards people who are facing high balances already, and to show them that you CAN make serious progress by implementing one or two good strategies. + +**EDIT #2:** +Wow, I definitely did not think this post would [Jennifer] Garner any attention. (Get it?! She's a shill for Capital One's Venture Card! **"WHAT'S IN YOUR WALLET?"** Nevermind.) + +**EDIT #3:** +Thanks to everyone who upvoted, and especially to those who responded. Someone sent me a screenshot that this was on the Reddit Front Page last night, which I definitely didn't see coming since there isn't a video of a cat singing "You've Got a Friend In Me" to a baby sloth anywhere in this thread. But seriously, [this will brighten your day](https://www.reddit.com/r/videos/comments/5pv7tj/dad_and_4yearold_daughter_duet_youve_got_a_friend/). + +**I can't emphasize enough (and I know it's stickied right below this post), how important it is to read +["How to Handle $"](https://www.reddit.com/r/personalfinance/wiki/commontopics)** + +**95% of what the average person needs to know is right there on that page.** +And while a lot of it seems like common knowledge (as dozens of you have pointed out), for some people who were never guided properly in how to handle their financial life - it just isn't. +In my opinion, just like Personal Relationships, Personal Finance is a very complex issue that often has rather simple solutions - you just have to see them, and then make the effort. +*Let's try to keep supporting each other - and reserve judgment whenever we can*. ***You don't know what other people are going through***, and comments like, "u r all dumb I pay my cards every month and if u don't u need a brain transplant" aren't helping anyone. + +This is only one of MANY strategies that can be used to tackle debt, and it is only an example. In order to draw up the example, I had to pick some numbers, such as the balance, the APR, and the minimum payment %. This example is actually not nearly as heinous as many Credit Cards out there, which have minimum payments that are much lower than 3%, and all but trap you in a cycle of paying *just enough* to keep you card right near the limit. + +In those examples 14 years looks like no time at all. + +Here are the Online Calculators I used to find these numbers: + +[Minimum Payment Calculator](http://www.creditcards.com/calculators/minimum-payment.php) + +[Snowball Calculator](http://www.whatsthecost.com/snowball.aspx) + +I encourage you to plug in your numbers and see how they change based on different payments. +Too many times I see people trying to make the perfect DCF model to value a company. DCF models have their place and are great supplements, but understand finding true value takes wisdom and business smarts. Not superiors excel or math skills. + +We live in an era where much innovation is driven by STEM focused fields, so its easy to always be looking for the "optimized" way of doing something. Business focused investing is not that. The reason why humans still run businesses instead of computers is because of incomplete information. Business decisions are a simple concept, you invest capital to create a return, but extremely hard to master. Its not a math equation, it requires business smarts. + +Being able to read an annual report and pick apart a company's BS and evaluate their management probably gives you more of an idea about the business than crazy quant models. Quants make money on inefficiencies in capital markets, not business skills. They valuate companies on factor based AI models, but rarely can even tell you anything about management or what a company does. + +Valuation is art, it takes skill that can take a lifetime to master. Its not a hard skill like programming. I encourage everyone to estimate a business' ability to create greater future cash flows on their management and business model before opening excel to verify your thesis. +I thought about how to structure this for a bit and whether to do separate DD on companies like LKE, LRS, POS and RAC for example, or to just point out flaws that the majority have in common which I consider red flags. I decided to go with just one post and explain why I personally don’t like the companies in general as I think the DD would start to get repetitive for quite a few reasons, the first is I don’t understand all the different mining grade/details which I have explained a few times and is why I generally stay away from mining stocks in general, as it takes me much longer to analyse the numbers than say retail. Also, the DD would have common traits which ill mention below and if I’m not going to break down each company individually then what’s the point, but lastly my analysis and DD shouldn’t affect your opinion to buy/sell a stock, because presumably you’ve done the research and understood the company. + +Ultimately a lot of these companies come down to what are the chances they achieve what they say they will achieve and is it in a realistic timeframe? Of course, there’s companies out there which will achieve their goals and make it rich then get acquired by a large miner, but there’s also plenty which don’t. So, figuring it out is where the skill comes into it, but rather than break all that down and pretend I understand each company back to front lets just do some basic issues. + +Cashflow- + Okay let’s start with the most obvious one, but what I consider one of the most important and it’s the fact in general they all bleed cash pretty fast. I’m sure there’s exceptions to every point here, but I’m talking in general and not about 1 specific company. But to prove a point and cherry pick let’s use LRS because they put out their quarterly recently, a lot of people on here were quick to notice cash is going down fast and a cap raise will likely be needed as production at one of their 1000 mining sites isn’t going to start soon. Just as an example, lets compare this to LKE and POS who have much more cash and in terms of bleeding are not doing it across 500 mines and they have a very concentrated portfolio. Even though POS just announced a cap raise its more likely to be beneficial to shareholders as the capitals not getting spread so thin. + +Pump/dump- +Okay this one is the easiest to do on reddit and happened everywhere during the retail investing boom end of last year/start of this year. We had companies like fish guts getting pump and dumped, we had trickle organising a pump and dump (for a speccy miner LUL), 88e, 9sp, MTB, VML (Yes, I know some of you hold it, but it went up 100% in a month and is since down 39%), PLL last year…okay the list goes on and on. My point is not that all speccy mining stonks are bad, but that majority of them are so small that one hint of great results and the stock becomes easy to pump on social media and people flock to it presuming someone with influence pumps it. To cherry pick an example lets look at MEG, /u/Calculated-Punt posted a DD explaining the pros and cons on the 22nd of June, within 2 days the stock was up 50% on a spike of volume along with mass comments about it in the daily for the 2 days. It has since come all the way back down to where it started, and even though he may not have intended to pump it this shows how quick people will buy something based on someone else’s DD and pump/dumps are an easy way to lose money. + +Management- This is probably the 2nd most important but one that never gets mentioned somehow, managements previous successes matter a lot, because it at least creates some track record and by default gives them a couple extra bonus points. POS CEO Peter Harold for example was a co-founder of Panoramic resources which the company started at 10cents a share and got up to $4 at their peak during the GFC funnily enough, he has a podcast episode with Marcus Today if anyone is interested in listening to him. The stock has since come crashing back down to 18cents and fell off a cliff if you look at their chart all time. Now he is the main one I know of due to the podcast, but if you want to learn about your CEO a google check is usually enough and it only takes 10 minutes, and you can find out a lot of info usually. + +Lack of debt- +There is a reason the majority of these companies don’t use debt and they more or less don’t have much choice. If the company gets bogged down in debt early on before any sign of production appears then that’s a lot of capital, they now need to put away for interest (which is going to be quite high) and long term it is not good for the company. The issue here is similar to the cashflow issue which is how many cap raises should you expect? A company is going to burn money in a speculative stage we all know that but maintaining a decent share price is important to investors. So, do you take advantage of a pump like so many do? Do you hold out until earnings, or do you do what LKE did and use options, so investors think its some dream deal, when it’s the same essentially. + +Timeframe- +This is one which should be considered highly with any speccy stock and is a minor reason for why I just avoid them in general. The timeframe the company gives for when production should be started is important, a simple yet funny experiment is graphing a bunch of speccy miners and look at the historical pump and dumps and see what was going on. For LKE, LRS, 88e they have all been around for several years and have seen the share price rise on hopes and then fall back down. Now ultimately some are going to succeed and not crash back down which is why we haven’t heard of them. But understanding when management expect production and quickly scanning through a few annual reports can be of a big help to see if this has remained consistent. + +The odds are low hence you need to buy more to get the rocket- It is certainly possible to just buy 1 or 2 speccy mining stocks and they be the ones who hit production and rocket, but usually you need to choose quite a few because predicting which one will rocket next is almost impossible unless you have a great understanding of the companies or are great with understanding the numbers. Also, if you put all your eggs in one basket the opportunity cost is insane if you are wrong, whereas if you pick a few and one rockets then all of a sudden it becomes worth it which we have seen quite a few times from people posting their portfolios. + +To understand the companies is not that easy- +I have said it a few times already in this post, but I don’t understand speccy mining numbers in terms of grading/production needed to make the company realistically profitable and successful. Now if you have a Geology degree this is probably the easy part for you, or if you have dedicated your time to it, but I don’t look at these companies or have much interest in commodities, so I don’t understand them. That’s why basically all of these points come from a fundamental level, because as I mentioned at the start it comes down to if the company can achieve what they set out to do, and I am in no position to say whether I think its realistic or if the quality is good enough or blah blah…Circle of competence essentially. + +Get rich quick- + A lot of these companies offer a way to essentially get rich quick if everything goes well and the share price follows, which is great in theory but why not just do this with boomer stonks? PME, GNC, CSL, APT, FMG and so on, you could have had great returns from these companies, especially FMG who has done great from the commodity boom. The risk is much less, and the reward is lower, but you don’t need to find many of these kinds of companies very often to become rich overtime. Now if you are just gambling then that’s different and then Goodluck, especially if you have some expertise in the field! + +Okay okay, yes, I have just bashed the shit out of speccy mining stocks so let’s look at from someone else’s perspective and why they might be good. If you are happy with a high amount of risk then they are a choice, but so are options for large caps. Also, I understand it’s much more interesting to watch a stock go up 10-20% in a week than 1-3%, especially if you are holding the company that rocketing, so if you have a high-risk tolerance and a solid understand of speccy miners then it’s a choice. But once again I don’t see how the majority of our sub can have a great understanding and not just be involved in pump and dumps, 88e for example. + +Is this post Bias, 100%, yes. I don’t like them and as such the negatives to me stick out a lot more and its hard to come up with positives except for the occasional company that rockets due to achieving their goals. This post is not designed for you to hate speccy stonks, but rather to hopefully consider these fundamentals a bit more next time you look at buying them and not just listen to the next mining DD. Because even though the person may believe in the stock it doesn’t mean the share price is justified and it may be a long term hold not some short-term boom expected. + +This is all my personal opinion and I’m sure there’s quite a few of you out there who understand the numbers behind grading/production needed and the timeframes who can provide multiple counter examples as with anything stock related. But next time you see a DD on a speccy mining stock or any DD check for the negatives because there’s so many out there that don’t highlight the negatives and paint a blatantly bias picture, more so even than this post. Compare /u/Nevelo or /u/Calculated-Punt DD’s which highlight the negatives in some detail and are of high quality to…well I’m not going to shit on anyone directly but other posts where there’s no to very little mention of negatives. + + +No idea what to flair this so ill leave it up to the mods +First some background. + +My son(40m) has Asperger's Syndrome, because of our lack of understand or diagnoses earlier in his life, he was unable to finish school or get the skills and help necessary to have a job or really even function well. At this point in his life, I am told that he will most likely never have a job/family, will be lucky to even have friends. His mother and I have always taken care of him and his needs, but we divorced in 2008 and have since retired. Since his mother and I were both "blue" collar workers, we don't have a whole lot of money. + +But because of the assistance of some great doctors advice and them helping get us connected with the right people, we were able to get him properly diagnosed and took the suggestion of applying for disability for him. He has been on disability for about 4 years and we have saved nearly every dollar to try and make up for the past. He lives with me and we have enough money to do okay, but I won't live forever and his mother get's less money than I do and has some health issues that would make it very difficult for him to live with her. + +Now, he's not incapable of taking care of himself, his major issues is his ability to deal with any kind of social interaction. Even writing an email causes noticeable anxiety in him. But with online stores and ordering and bill paying and such, I think he could live on his own with some reasonable discomfort and anxiety at times. + +He gets about $9k a year from disability. We've managed to save about $45k by adding some of our money and saving nearly all of his disability. He has a PA ABLE account to save money in, but we just opened that this year and it will take time to get the money into the account (limits $15k a year). I mention that because, when we die he will qualify for SSI and that with his disability should be livable with his minor needs and the ABLE account allows him to save money without it counting against SSI. This is the best we can do, life insurance for me(lifetime smoker and 70) or his mother(disabled now, rheumatoid arthritis, cancer survivor) is just too expensive and we need to being saving for our own funeral requirements so as not to burden him or his two sisters. We have no more money to add and I need half the money he gets to cover his expenses. + +He's never had a vacation, a girlfriend, has no friends and we have no money or property to leave him. Ultimately I would love to be able to give him something like a normal life. At least the ability to enjoy what little things he can, without having to live in abject poverty his whole life. I know he will qualify for things like food stamps and public housing, but housing won't help since living in an apartment building(all that's available anywhere even near here) would be torture to him. the sounds and having to deal with all those people just to get in and out. Or shared laundry facilities, kids, and the smells. Even seriously considering buying a house and taking a mortgage this late in life and squeezing our finances even further if it will help his future comfort/sanity. He lives a life I wouldn't even call a life and couldn't have survived myself. + +&#x200B; + +Goals: + +Get him as much money as I can before his mother and I die. + +Get him the ability to live as comfortably for his needs as possible. + +Get his some measure of disposable income to enjoy what little he can. + +Make it sustainable for his lifetime. + +&#x200B; + +Average U.S death age is 78 right now, my parents lived to be 81 and 93. So baring accident or illness, I think I can make 78 or more as I'm in fairly good health. He would get about another $9k from SSI if he qualifies and gets the full amount. But $18k a year, with his needs and being single is definitely not a lot. I would like to find a way that I can either skip counting on SSI for him in the future and get him to maybe $25k a year with enough increase over time for inflation. Or count on that SSI and find a way to make as much as I can each year on the money before I put it into the ABLE account. I am not well educated and I know of "higher" finance, so if anyone has more suggestions, I'm all ears. + +&#x200B; + +Thanks for all that read through and made it this far. And a further thanks to any and all that comment to help me get even a little closer to the goals I have set. + +&#x200B; + +Edit: + + First off, I want to thank all of you for your information and comments. I was expecting maybe a few replies and some sources for me to look into later, but what I didn't expect was all the support and personal experiences. Maybe I am just becoming cynical in my old age. But I really appreciate it, thank you. + + Second, for more information, I live in eastern Pennsylvania. I have already applied for basically everything I could find/think of for him for government services. Unfortunately he doesn't qualify for most as he lives with me and together our income is too high, or because he wasn't diagnosed before the age of 26(I think it is). + + As for his sisters, I am leaving it up to them for how much they want to help him. He is my kid and the youngest, I don't want them to be burdened by him and resent or mistreat him for anything. And it's been my experience that family will take you more for granted than anyone. They are 10 years and 2 years older than he is. The oldest helped babysit the younger kids and such when growing up and I think even that was a little much for us to put on her. The oldest, right after having her first child, had to have her gallbladder removed and scarring and complications for just having birth left her with health issues for nearly two decades afterward. She would be able to work some, then have to go to John's Hopkins and have drainage tubes put in and such. So she is just now, in the last 10 years of so been able to get her life on track. So while I believe she will help her brother with his life going forward(if she can), she doesn't have much in the way of resources, other than time, to commit to it. And the other sister, I guess from having been raised with a sibling that needed more attention/leeway doesn't have a good relationship with her brother. Neither want to even interact with each other. + + As for my son, he does fairly well at taking care of himself. He has some difficulty with laundry and cooking, but other than that he does just fine. For the cooking, he just doesn't know what to eat. He's not like some on with ASD that will only eat one thing until they burn themselves out, just that he doesn't seem to feel cravings for anything. It seems more important to him that he has a meal when he's hungry and it's not something he specifically doesn't like. And the laundry is mostly just because he gets distracted and forgets that the buzzer went off. So he ends up with wrinkled clothes and instead of taking a few hours, it takes all day. Which if it's just him is fine, I figure if he does it, even if it's slow, at least he does it. As for things like bill paying or looking things up online and ordering them, he is vastly better at it than I am. He helps me find stuff online all the time and to get it at the best price. He can setup appointments for himself too, online is best, but he can call and get a dentist appointment. It's just really anxiety inducing for him. + + My biggest worry for him taking care of himself isn't the day to day stuff, it's the times he would have to call and spend 2 hours on the phone getting a cable bill corrected. I've seen him anxious for a doctors appointment 2 months before the date, or pacing for 20 minutes because I asked him to write out a question online for me. Sometimes even getting up in the middle of it to put his thoughts in order. But taking care of the basics, he is fine with. + + And last, but not least, him working. My son looks completely normal, when he's with me or his family, he mostly acts pretty normal. So people often just treat him that way when in public, taking awhile to realize that he's not looking them in the eye or sometimes even at them. Or keeps moving away from them or doesn't say anything but short answers when directly asked. Because of that, we've had a lot of trouble when he was younger interacting with people when out. He would lose it sometimes, or disappear and we'd find him sitting in the car. After all these years, he doesn't just run away anymore, but if I stay and talk to someone too long, it has it's effects on him. Everything from sweating and fidgeting to physical illness. And while I would like him to get a GED, even if it's "just encase". or get a simple job, I am worried on the toll it would take. And even if I could say for certain it would work out for him and he'd be more independent and confidant, it took almost 6 years of trial and error and advice and interactions to get him on disability. Doctors appointments, interviews, records finding and gathering, trips to social security and more independent doctors and reviews and then, finally, a judge to put all his future on. If he loses that and there isn't someone serious and passionate as well as having a LOT of time to put into it. I can't see him getting it again. And I don't want my son to be another mental health victim on the street or getting arrested and put in jail. I've seen it too much and America seems to be getting worse for mental health, rather than better. + + As for all who have spoken so kindly about me, I appreciate the sentiment and well wishes and wish you well in return. +Well, friends, a little over 7 years on the beautiful rollercoaster of crypto, I finally cashed out all my btc and eth because it's enough to pay off my house + capital gains taxes. I'll be back and rooting for crypto to continue growing and growing, but this was a milestone that I had set for myself and promised my wife if I ever got to this point, I'd pull the trigger. I've never broken a promise and never intend to, so I had to do it. + +Great luck to all and hopefully I'll be back in the game sooner than later! Crypto is the future and I know I'm missing out by what I've done, but I'm letting my heart win out over my brain this once to fulfill a lifetime goal. + +For anyone curious, I'm just some avg 39 yr old dude in Salt Lake City, UT, USA. Nothing special about me, just lucky and patient. 🙂 + +I wish you all luck on your journey to the moon and beyond, friends!!! +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +I'm at the point where I have a bot I'd like to deploy. I'm not sure if it's better to put it on a web server like Azure or AWS, or just get a laptop that can run it all day. Does anybody have any thoughts? +Hello all. + +I am the first in my family to seek financial freedom sadly. By 23 I had achieved $250k in a combination of stocks, 401(k), Roth, and other investment ventures. I also have no debt. + +I am not an only child though it seems I will be responsible for my separated parents when they age. They are amazing people though they have no savings or retirement at all and I have no clue where to start. +They are both in their mid-fifties. + +My partner and I do not have children, we do want to start trying soon and also save for their future. + +What should I do to make sure I am preparing for my mother and father’s future as well? + +Thank you all :) +Let's talk numbers - + +Rental yield is around 3-4% in most places. Given the annual maintenance expenses, let's call it 3% + +Home loan rates hover around 7.5% right now conservatively assuming. + +80c is usually full for most people so you save additional 70k max on tax (30% of 2L). + +Now, if I want to buy an apartment worth 50L, and get a loan of 45L at 7.5% for 10 years, then total interest I would have to pay is 19L. Interest rates will float throughout but sake of simplicity of calculation I am ignoring that. + +Now lets see what I earn, 30% of 19L is 5.7L saved in taxes. Rent at 3% is 1.5L per year and for sake of keeping calculations simple, if that is the constant rental rate, then total rent in 10 years is 15L. So total 20L meaning the earnings cancel out the interest paid to bank. + +Now the biggest question, Depreciation. How does it work for apartments. Apartments get old. Not much modifications can be done. A 10 year old apartment wouldn't sell for much. If there is an old apartment and a new apartment in same locality, the new apartment will most likely attract higher rental rate. And if I plan to sell a 10-15 year old apartment, what will I get, 70L, 80L? + +Would the CAGR justify not putting this money into say, PPF or Index funds or ELSS? +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. + The title says it all. This is huge because it takes money to buy you know what. + +That means we will probably get this NFT market place by the end of 2022. + +&#x200B; + +[Here is the agreement](https://preview.redd.it/5ruh22d5kmf81.png?width=962&format=png&auto=webp&s=723add8dee56d9ecde68576314d6231f6c997caf) + +&#x200B; + +&#x200B; + +[And here is the Milestone they talk about.](https://preview.redd.it/tsaq6ut7kmf81.png?width=940&format=png&auto=webp&s=d5e656ab5338a582ee00d122859f19c404522add) + +It's also clearly stated that they will work with Loopring guys ! + +I really hope that this will make some noise and that it will bring a LOT of people in. + +Edit: typo +Baby London - Over 100% up in the last 3 days, perfect entry time! + +Join the family now! + +Twitter international trending marketing campaign, Times Square billboard, 10 influencer posts, Huge Marketing campaign + +What is coming in the next days: + +* 50 influencer posts on Twitter +* Top 3 coinsniper trending (3 days straight minimum) +* Coingecko 5000% increase +*CMC Top listing +* Top 5 crypto moonshots +* AMA in my investor group + feature +* International YouTubers +* Features in crypto telegram groups + +Utility development: +🚀Creating a KYC-like vetted poocoin platform where ad revenue will be used to buy back and burn baby London to increase the price +🚀 NFT minting utility and marketplace being built. +🚀Huge international marketing +🚀Gameification on the platform being built with daily competitions and prize pools + +Reliability: Doxxed Developers, 7% Eth passive income rewards for holding the token! + + +$BabyLondon believes a lack of integrity and honesty has almost destroyed the BSC ecosystem with scam projects. We are going to change that! We believe all dev teams should be doxxed and available on live cam 24/7 to ensure investors can feel safe from scams. + +What are our Tokenomics ? + +✅10% Ethereum Rewards + +✅ 5% Marketing + +✅ 3% Liquidity + +Why invest in BabyLondon? + +Baby London pioneering integrity and transparency in the BSC ecosystem. Auto claim Ethereum rewards on each transaction in appreciation of the amazing Ethereum London Hard Fork upgrade. Fully Doxxed devs live on webcam 24/7. Building a charting and scam project/dev advisory platform. CG, CMC, Dextools, Coin Telegraph, Yahoo! Finance still to come! + +BabyLondon Information: + +🖥 Website - + +https://www.londonfork.baby/ + +📄Contract Address - + +0x3dE0a68721BC846E950438071F6AFc1faA42EF3E + +☎️ Telegram - + +https://t.me/babylondonbsc + +☎️ Telegram China - + +https://t.me/babylondoncn + +Twitter - + +https://twitter.com/BabyLondonbsc +People who shill will try to be aggressive\*/divisive in their approach, while apes will try to respectfully argue the points raised. (\*in this context I mean aggressive as in pushy and weirdly oriented towards chaotic and negative outcomes) + +Apes should use this opportunity to be on your best behavior, cause shills will without a doubt use his post to cause a divide, remember to [learn the tactics shills use](https://preview.redd.it/8yz1vusxqlt61.png?width=1169&format=png&auto=webp&s=5c2b96d2ae38e008e788b06f77508df45c795e93) and it will make it even more obvious. + +Also the mod team seems to be acutely aware of the tactics and I think they try to strategically lure them out with baits like these. + +Edit: I've seen rensoles update and honestly if I was a shill I would start spamming rensole with nonsensical accusations to bring his moral down. + +Rensole if you are reading this: Every ape with half a braincell understands the concerns you have raised and is happy you addressed this, I wouldn't put it past these shitstains to keep spamming you with bullshit accusations and weird fucked up shit like they did with pixel. Your work is valued and everyone who dismisses the work you have done, because you raised the topic of an exit strategy should take a deep breath and really try to understand the point you tried to make. + +Blindly screaming "TEN MILLION FUCKING FLOOR" will not make it happen. But you know what would GREATLY increase the chances? If everyone crafted a exit strategy around his/her personal floor (mine hasn't changed in light of rensoles post and so shouldn't yours if you made one, because its his opinion and why would his opinion change YOUR PERSONAL LIFECIRCUMSTANCES. Remember you can adjust your plan on the fly, but have it written down somewhere). + +Because when shit hits the fan (and oh boy I think it will) your brain will most likely short circuit and the plan you thought up in your mind will be gone in the wind. Wouldn't it be helpful to have a sheet of paper where you go through different possibilities of how the MOASS could play out and have a game plan to stick to? Because I know I have one right beside me. Its enough to just calculate through your profits with different possibilities. There is enough DD which will help you craft an exit strategy. + +I already made it very clear in another post I made. I will keep half my shares and just not sell them for at least a year, because my life circumstances allow me to do that. I have enough stability in my life and I'm content with what I have. Remember to be excellent to each other apes <3 +With all the market turmoil as of late, I figure there might be a lot of people out there who are curious about the industry but don't know where to look for information. Happy to answer any questions about anything: recruiting process, work/life balance, culture, pay, etc. + +Before you ask any new questions, **take a look at** [**the AMA I did last year**](https://www.reddit.com/r/algotrading/comments/az8azn/ive_worked_at_a_top_hftmm_prop_trading_firm_for/) where I give quite a lot of information. If your question is fairly basic, like "what do you do from day to day" or "what do you think about passive investing" or "what's starting pay at a prop shop", chances are you'll find the answer in that thread. + +No promises that I'll answer all the questions this time. As you might expect, work is very busy these days, so I'll pop in and out over the course of weeks and answer things whenever I have time. Preference given to college students who are interested in the industry. + +This is my porn account, so don't dig in its history for information about either who I am or where I work. You can feel free to dig around in it for porn and crude jokes though. + +Also, because I got a lot of DMs last time about this -- no, I won't look into joining your up-and-coming trading firm. Please stop asking. +Absolutely loving the continued efforts to sort out the shady tactics of these financial criminals. I feel like we've come such a long way over the past few months. Let's keep it up! + +Last time we spoke about the OTC, [Robinhood had increased the GME January OTC trades by over 32%](https://www.reddit.com/r/Superstonk/comments/p4w9hq/january_gme_otc_trades_increased_by_32_last_week/). + +Well after I posted, they further increased these January OTC trades. These were supposedly updated on "8/12" but as my post was on 8/15, it seems like that date is somewhat arbitrary. + +Before (from my last post): + +https://preview.redd.it/5kxtowrtpij71.png?width=1065&format=png&auto=webp&s=9b486970b19b7bcacf8ba4f986873b56a04af5af + +After + +[ An increase in 2,006 shares and 1,978 trades on 1\/4\/21](https://preview.redd.it/txti25m3pij71.png?width=1236&format=png&auto=webp&s=412cb8becb6659418789be0acd841aaace2fe9bf) + +Those increases in the scheme of the monthly data are meaningless. However, the fact that they're still increasing their January trades (7 months later) after already updating the data the week prior speaks to how insane the trading was during January and February and how fucked they truly are. + +From the [FINRA OTC website](https://otctransparency.finra.org/otctransparency/OtcIssueData): + +[Now updated 8\/12](https://preview.redd.it/oz30zaretjj71.png?width=896&format=png&auto=webp&s=2fa0f6564bfa2869a2c9f6155ebac9814aba0498) + +# It turns out they weren't done with their Book Cookin'... + +I present February OTC data - last updated by Robinhood Securities on **8/19/2021** + +[Comparison of Old OTC data and New OTC data. A modest 6.57&#37; increase in total OTC trades. However, Robinhood increased their OTC trades by 70.49&#37;!](https://preview.redd.it/n1y5sm5drij71.png?width=1237&format=png&auto=webp&s=6e45599bc9a94ad8b909ec795b2ad47b45d28b66) + +Robinhood increased their February OTC trades by 70.49% on 8/19! + +&#x200B; + +https://preview.redd.it/57r5tw6wlij71.png?width=1004&format=png&auto=webp&s=7c0205dda451378a76740fdacd7588d77f1edfb7 + +Here's a screenshot from my previous DD [The OTC Conspiracy](https://www.reddit.com/r/Superstonk/comments/myf505/probably_the_last_dd_youll_ever_need_to_read_the/) from 4/25: + +https://preview.redd.it/yyuw0pbkuij71.png?width=695&format=png&auto=webp&s=6910d088c45a23d1ddff0be46bfb32d0baf7f2f6 + +Here's another image from my post on 4/25: + +[Why didn't they previously report any of their OTC activity from January? Why do they keep changing their February OTC data?](https://preview.redd.it/9ywgg5rtvij71.png?width=671&format=png&auto=webp&s=4cd832d99257f86b29d34d05cefa74b01f0f4115) + +# Let's take a closer look: + +I **hate** updating my spreadsheets to reflect their OTC changes 6 months after the data is published. + +I **hate** that FINRA and the SEC are enabling this bullshit. + +And I **hate** Robinhood and Vlad, cuz Fuck Them. + +https://preview.redd.it/nuebmq6qfjj71.png?width=1752&format=png&auto=webp&s=c5d64bef404dafdd9f86e3d32b0a00898047bdc1 + +# So here's a Master Table to summarize their OTC involvement to date: + +[They've made 5.976 million trades with 6 million GME shares to their 'clients' in the OTC](https://preview.redd.it/20otdsa7fjj71.png?width=998&format=png&auto=webp&s=49c4d8adb2ab5ef85b3ff69d982319b717655a7c) + +Highlighted in the S/T column are the weeks where total shares = total trades or were within 1 share of total trades. OTC manipulation at its finest. + +Highlighted in the 2nd to last column are weeks were GME accounted for more than 4% of their total OTC trades (pretty much every week from late February through April). + +The far right column is GME's OTC rank in # of OTC trades. As you can see, GME was in the Top 5 of OTC traded stocks 11 of 13 weeks from 1/19 through 4/12 (DFV options week). The only weeks it was not in the top 5 was 2/8 and 2/15, before the second run-up. + +Their recent OTC rank (from 6/28 on) reflects the change from NMS Tier 2 to NMS Tier 1. + +&#x200B; + +Here's the OTC data for the **Week of 2/1/21**, showing RH's recent update / contribution. + +[Previously reported OTC trades for this week were 0, now 364,015 trades, updated 8\/17.](https://preview.redd.it/evfc7pcxtij71.png?width=1012&format=png&auto=webp&s=0655d961feeafcd3df2fe137ded991ab62c23d86) + +And here's another one from the Week of 2/15. + +[Previously reported 14,907 trades, now 45,525. Updated 8\/16.](https://preview.redd.it/a2rp7xtqojj71.png?width=1016&format=png&auto=webp&s=3559b1e43ce84e86e117ad6c70d5b5fc8ea79959) + +And don't forget 2/22! + +[Previously reported 755,424 trades, now 767,770. Updated 8\/17.](https://preview.redd.it/0nmlbpp6pjj71.png?width=896&format=png&auto=webp&s=c1ee142484d0d84ae4518c121b245d6aaa456c6a) + +# I decided to look a little closer at the 2/22 data, since the run-up yesterday felt a lot like that run-up on 2/24. + +[During the week of 2\/22, RH accounted for 0.62&#37; of the weekly share volume, but 24.22&#37; of weekly trades. GME was 17.37&#37; of their total OTC activity for that week!](https://preview.redd.it/z65hfqbeijj71.png?width=1185&format=png&auto=webp&s=edb369f5ff3397434f697be463499c5f03181fc2) + +During the week of 2/22, RH accounted for 0.62% of the weekly share volume (red line), but **24.22%** (red line) of the **weekly trades**. GME was **17.37%** (red line) of their total OTC activity for that week! + +GME was only **0.70% of the total shares** for these OTC participants, but **5.52% of total weekly OTC trades**. High frequency trading? + +GME was the Top traded OTC stock that week (by trades) and every single OTC participant (except Wolverine and LEK) had GME trades accounting for **>1% of their total OTC trades**. + +The shares/trade for GME on the OTC was **38.39**, while the shares/trade for the Total OTC (including GME), was **303.66**. + +&#x200B; + +During the week of 3/8 (remember that big dip we saw on 3/10? Pepperidge Farms remembers...), RH was the top OTC participant with another 764,285 trades. They were responsible for 1.00% of the weekly shares, but 25.81% of the weekly trades. GME made up 19.89% of the total OTC shares and **20.93% of their total OTC trades that week**. + +GME was only **0.50% of the total shares** for these OTC participants, but **6.15% of the total weekly OTC trades**. High frequency trading again? + +GME was the Top traded OTC stock that week (by trades) and every single participant (except HRT) had GME trades accounting for **>1% of their total OTC trades**. + +The shares/trade for GME on the OTC was **25.84**, while the shares/trade for the Total OTC (including GME) was **319.45**. + +# I'll leave you with a few more tables for the true data donkeys! + +I bolded all the participants each week who had %Trades GME >1% (last column). + +**5/24 (moderate fuckery)** vs 5/31 (slightly less fuckery) + +[5\/24 - GME is 5.68&#37; of RH's OTC trades, 5.56&#37; of RH's OTC shares](https://preview.redd.it/vvkpibozpjj71.png?width=1438&format=png&auto=webp&s=a0d37f0e6949d67f709960bfd4d0de069325d298) + +**5/24** \- GME was **2.28%** of the total OTC trades and was the #2 OTC traded stock. However, GME was only 0.20% of the total OTC shares traded, which is reflected in the low shares/trade for GME **32.14**, vs the OTC (including GME) **357.97**. 10 of 10 had %Trades GME >1%, including **5.68%** for **RH**, 5.32% for **Drivewealth**, and 7.25% for NFS. + +**5/31** \- GME was 1.24% of the total OTC trades and #7 OTC traded stock. Shares/trade for GME was **28.93** vs. **323.11** for the entire OTC (including GME). 8 of 10 had %Trades GME >1%. + +&#x200B; + +**6/7 (major fuckery after earnings)** vs 6/14 (less fuckery) + +[826,774 weekly OTC trades during the week of earnings.](https://preview.redd.it/aul5rfkqqjj71.png?width=1434&format=png&auto=webp&s=6d4a5a6ca96e9abbd345e0919755ca4e3b2b2bd7) + +6/7 - GME was 1.96% of the total OTC trades and was #5 OTC traded stock. GME was only 0.20% of total OTC shares traded, which is reflected in the low shares/trade for GME **33.95** vs the OTC (including GME) **328.60**. 10 of 11 had **%Trades GME** **>1%** (all but HRT). + +6/14 - GME was 0.92% of Total OTC trades and was #11 OTC traded stock. GME was 0.09% of total OTC shares traded. Shares/trade for GME was **30.49** vs **323.11** for the OTC (including GME). 4 of 10 had %Trades GME >1%. + +&#x200B; + +And last, but not least, that random volume spike during the week of 8/2 at least partially caused by De Minimis Firms, and not any of our beloved OTC participants. + +[Shares\/trade for GME during the week of 7\/26 was 20.49 - an All-time low](https://preview.redd.it/tgvz6s5irjj71.png?width=1433&format=png&auto=webp&s=bb5dccc2ad474e63b04c7dce767e318e99da8484) + +&#x200B; + +&#x200B; + +[Here's a diesel OTC summary table, updated to the best of my ability with the latest RH adjustments. I apeishly made a new measurement to detect extremes in volume \(shares\) or trades by just multiplying them together. Good for detecting crime. I used a GME float of 58.06 million so the shills can't shill.](https://preview.redd.it/xjbltt0xkkj71.png?width=1465&format=png&auto=webp&s=9762374e101f08f998469598af85a59673ce1bf5) + +&#x200B; + +And just so I'm not only picking on Robinhood, Drivewealth Institutional, who first entered the GME OTC frenzy in April, is owned by Point72 (15% ownership) and Steve Cohen. + +&#x200B; + +I could keep going, but I can imagine I lost a lot of you in the details and that seems like a good stopping point for now. + +Join me next time on, "Crooks Cookin' the Books", featuring Robinhood and their OTC clients, the manipulative MM giants. + +No cell, no sell. + +Buy, HODL, and Buckle Up! + +&#x200B; + +# TLDR + +* Robinhood continues to "adjust" their OTC data from January and February. +* [My last post showed a 32% increase in GME January OTC trades](https://www.reddit.com/r/Superstonk/comments/p4w9hq/january_gme_otc_trades_increased_by_32_last_week/). +* This post shows that they continued to "update" their January data on the FINRA OTC website. +* Last week, they increased their February GME OTC trades by 70.49%. +* RH is responsible for up to **25% of the weekly OTC trades**, but **less than 1% of the weekly OTC shares.** +* Are they involved in high-frequency trading? Why do they only trade in 1.0000 shares/trade? +* Weeks the highest OTC trading (2/22, 3/8, 6/7) were weeks where we saw major dips (2/25, 3/10, 6/10). + +&#x200B; + +[Quite the increase in GME OTC trades over the past 11 months, wouldntcha say?](https://preview.redd.it/toduglchfkj71.png?width=807&format=png&auto=webp&s=ac7a59a31dde66ed36c8446f70a49ada7bebd013) + +&#x200B; + +Edit 1 - added a little more discussion to the data tables above + +Edit 2 - TLDR, Monthly table, Total OTC weekly table +Multiple people have received a notice at the bottom of their October statement. These accounts are scheduled to be converted to Core Checking in January 2018. + +If you don't want to pay fees for a checking account or want a savings account that actually pays interest instead of charging fees, you can check the wiki for a list of the most frequently recommended banking institutions on /r/personalfinance: + +https://www.reddit.com/r/personalfinance/wiki/banks_and_credit_unions +With many developments in the sector, this month's been quite eventful thus far. We've seen a massive influx of new buyers into the crypto-sphere. Initially money is usually put into BTC and diversified outwards when people realize that there are other coins with potential. + +That being said... The next 30-45 days will be quite exciting for Ethereum. The second largest coin in terms of market cap. Why? + +**1)** In just over A DAY, thats right... ONE DAY... +$ETH will undergo a hard-fork (not one that results in two different coins), in order to give the already innovative technology, a BOOST. This upgrade, only makes what is already good, even better... by implementing Ethereum Improvement Proposals (EIPs). The last upgrade was over a year ago which saw the price of $ETH go up some hundreds of percent (%), leading up to and after it. It is to be noted that moving up that much and fast was easier at that time because of how low the price and market cap were. This upgrade has been highly anticipated for some time and is a step in the right direction (UP). Price will more than likely be bullish, despite some fools saying that it is "already priced in". + +Metropolis Byzantium Countdown : https://fork.codetract.io/ +Read more about the Upgrade : https://blog.ethereum.org/ +-------------------------------------------------------- +**2)** October, 20th +For those of you who don't know Ethereum is the largest blockchain consortium on the planet. It is backed by some of the biggest names you may think of (ie. Microsoft, Intel, FUCK JP MORGAN, Toyota, MasterCard, etc.)... they've added several corporate members to the Ethereum Enterprise Alliance over the course of this year, and will continue to do so as interest for this technology is only rising. Everything anything EEA related happens price has historically gone bullish. +On Oct, 20th the EEA is holding a meet-up in New York City. Where the "EEA will give a brief update on the status of the organization and then four EEA members will share demos of products available based on EEA technology" (EEA MeetUp and Demos). +This could be another potential bull case for Ethereum in the near term. + +EEA MeetUp registration : https://www.meetup.com/New-York-Smart-Contracts-Meetup/events/243867896/ +-------------------------------------------------------- +**3)** From Nov 1st - 4th +Ethereum will be having its annual Developers Conference, formally known as DevCon III. It is being held in Cancun, Mexico. This is a conference exclusive to Ethereum, and Ethereum only. It is where literally every single important person who's helped with the development and maintenance of ETH will be. They will discuss a bunch of cool stuff, and potentially open gates to new technological possibilities. +Similar to the Metropolis Upgrade, this is something that has historically proven bullish for ETH. It gets people amped up when some of the smartest brains behind Ethereum meet up and bond. Tickets are expensive and have been sold out for some time (from what I understand). This will be an exciting start to November. + +Ethereum DevCon III website : https://ethereumfoundation.org/devcon3/ +-------------------------------------------------------- +**4)** Mid/Late November +Bitcoin will undergo a hard-fork (one where two coins are created from one). Truthfully don't know much about this and don't care to. There's a ton of controversy around it, but generally people believe that since there is two coins arising from one the sentiment for BTC around that time will be relatively bearish. +Investors and traders would probably diversify into safer "drama-less" coins around that time (ie. ETH and LTC). +But like I said, I don't know much about this and would hope ETH benefits from this. + +A better explanation on possible scenarios for Bitcoin in November (I saved this image a while ago, it is not mine and was made by a fellow reddit user) : https://imgur.com/a/608To + +--------------------------------------------------------------------------------------------------------------------- +This is why I have money invested in Ethereum, and why I believe it will run up in monetary value for the next few weeks/months. I'm just so excited guys lol. + +**EDIT:** **Apparently $ETH is also Technically bullish : https://imgur.com/a/iIb34** +Credit : https://twitter.com/CarpeNoctom/status/919280763245400065 + + + +**There are plenty of new traders that just threw money into other coins and don't realize the potential ETH has. Please read this. I appreciate any feedback** + +*Up vote and Comment* ~ *Spread Love and Positivity* + +My twitter <3 : https://twitter.com/CryptooKid?lang=en + + + +Hello all. Long time reader, first time poster, 45, £60k/y, 22 years mortgage left. + +Normally, I don't try to time to market, and I stick money in low cost index tracker funds monthly. Having said that though... + +Back in February, I sold most of my holdings (because I foresaw the pandemic effects were going to be large). +I didn't spot the bottom of the March dip though (because I can't time markets), and don't know if I'd have got back in then even if I had. +Since then, I've been holding a fair chunk of cash, waiting for the right time to get back in, and would like the thoughts on the experienced investors here. +My best assumptions/guesses are: + +1. The UK economy will be hit further by Covid, and unemployment will increase. +2. But so will everywhere else. +3. Inflation won't be a huge problem for a while +4. Brexit will not go well for us (*) +5. The GBP will weaken further. +6. I will not lose my job or house or get ill. + +Of course, there are a bunch of huge variables coming up soon: + + * Trump election + * Brexit deal negotiations + * Covid vaccine + * Coronavirus mutation + * Random stuff - China, Russia, etc. + + +Primarily, I'd like to keep my current capital safe (not lose any). +Secondarily, I'd like to avoid missing out on what I think will be a coming slowdown. +Thirdly, Obviously, if I can make some money, that'd be great. + +The safest option right now feels like buying a load of Vanguard FTSE World Tracker back, but if it's going to get cheaper over the next few months (which I think it will), (markets will drop 15%, but the GBP only weakens a further 10%?) holding on to cash to buy cheaper is probably the right thing. + +What are your thoughts on my assumptions, and what's likely to happen over the next few months and years, and therefore what the best thing to do is? + + +(*) I hope this doesn't count as political - I don't want to start any political debate here. +In case you missed the original post, check it out here: + +https://www.reddit.com/r/personalfinance/comments/77u8c8/us_i_was_in_a_car_accident_yesterday_and_the/ + +tl;dr: Success! The vehicle was (before the accident) worth more than I owed on it so Progressive paid off my loan and then wrote me a check for the leftover amount. Now I have a decent down payment for my next vehicle. *The way it should have been all along.* + +First off, I want to thank everyone that left constructive comments. You all rock and I hope it comes back to you ten-fold. I had never been in a situation like this and so I was left stranded without the tools for survival. I took every bit of your advice and used it successfully to hold my insurance company to its purpose. I couldn't have done it without you. + +I'm not going to stop there -- to the trolls and jerks that were there just to stir the pot -- thank you too. You helped me the most, I think. You made me question myself. I know I'm not a fool and you put me up to proving it. We can all learn a valuable lesson from this. Here's why: + +I signed up for an automobile insurance policy that ended up being something completely different from what I assumed it was. I've had continuous insurance for the last 18 years, been through a couple of accidents, and have never had a problem with collecting on any of it. + +This time was different, though. This time, the policy I purchased was a "Stated Value" policy instead of an "Actual Cash Value" policy. (I suggest you check yours!) Unfortunately for me, the 'stated value' of my vehicle ended up being $1. Sure enough, it said it right on the declarations page. I went back looked at the document I e-signed -- there it was again: $1. + +How could I have missed this? Surely if I read my paperwork like I was supposed to, like I was being lectured, I would have caught and questioned why my policy was good for just $1. + +So I contacted my agent. He dodged every attempt at being held accountable. He said the final policy was signed online and so he wasn't responsible. "I became my own agent at that point" is what he told me. Funny, I thought, because I didn't receive any commission for signing myself up. *He* did. He was still my agent, it was his quote that I signed, and he collected the commission on it, so I persisted in holding him accountable because when he accepted the commission, he accepted responsibility for my policy. + +Then I went back at Progressive and changed adjusters because the original person I had was uncooperative. I laid my case out for her with reasonable requests for information regarding my policy. It took some time but she was able to pull the documents and the phone calls from when I signed up. Like I said, yep, there was my e-signature. I just didn't feel right about it though. No way would I have approved this. + +So I went back to my agent. I asked him why the hell he would have quoted me a 'stated value' policy. Once he realized I knew what I was talking about and had some ammo to work with, he changed his tune. "Uh, I don't know, stated value is the next item down in the list box. Maybe I clicked it accident." Of course I asked him if that was true then the mistake had to be two-fold because where did he get a value of $1 from? "Must be default. I really don't know," he said. + +I still wasn't satisfied. I didn't like being berated by the few commenters on my last post who basically told me that I was a fool for not reading before I signed it. *Alright*, I thought, *let me sign up for another policy and see if I make the same mistake again.* + +So I did it. I used a VIN from a previous, yet similar vehicle and used the online quote tool. I answered all of the questions just as I normally would. I chose my coverage, I listed my accidents, and picked my discounts. I got to the very end where it stated my choices and asked for my signature. I looked back over it *just in case*. What was I missing? I didn't see anywhere I could choose 'Actual Cash Value' or 'Stated Value'. The page I was signing didn't use any of those terms at all either. + +So I picked up the phone and called Progressive. I spoke to a representative and asked where I choose whether I want a 'stated value' policy. She said, "You don't. We choose based on your answers." Ahhhhh ha. Okay. So I hung up with her, hopped back online, and started a live chat with Progressive. I asked the same thing. See below: + +https://i.imgur.com/3m00FyC.jpg + +Got it. I had proof. **Nowhere** was I able to choose or know beforehand what I was getting. I called the adjuster and asked her to write some notes in my file and that I would provide proof if they needed it. + +They ended up reviewing all of my phone calls and other communications "to make certain I didn't specifically request $1 of coverage," as if that was even a question. Within a few days they went from offering me $1 to actually paying off the loan and writing me check for the leftover amount of the value of the vehicle. + +So, again, thank you to everyone who responded to my last post. Please, go look at your policies and make sure everything is on point. Something like that can fly under the radar forever until you need it...and then it's too late. The other takeaway -- contracts aren't always what they seem, nothing is written in stone, and *everything* is negotiable. You may have to fight, but if you're right and you know it, persistence is key. +6 months ago, I made [THIS](https://www.reddit.com/r/realestateinvesting/comments/9hq9k4/did_i_do_the_right_thing/) post about a house that I flipped and received low-ball offers on. + +&#x200B; + +tl;dr: Purchased for $235k, put in $30k, listed for $270k. After a few weeks of no action, received several offers of $260-$265k. The market in my area had slowed down considerably in the fall. I decided to take a chance and do a short term rental on the house and put it back on the market in the spring hoping for more action. + +&#x200B; + +I rented it for 6 months at $1,600/month + utilities. Obviously not a great return for the amount I was into it, but enough to cover expenses for those 6 months and make a small profit. + +&#x200B; + +Tenant moved out March 10 and I had it fixed up, cleaned, and staged (something I didn't do in the fall) for March 20. Open house was March 24 and offer presentation was tonight. + +&#x200B; + +Happy to report that we received 5 offers and I accepted a cash, no contingency offer for $320k closing in 30 days. So my bet paid off!!! I learned SOO much from this experience, most notably, don't overpay for a property just because you are desperate to get into the game. Second thing I learned is that staging makes a HUGE difference for a small house. + +&#x200B; + +Now, I'm going to sit and wait for my next chance to pounce on another good deal!! +Even billionaire investors are caught out like retail bears. + +Back on May 12: + +https://www.cnbc.com/2020/05/12/risk-reward-for-stocks-is-maybe-as-bad-as-ive-seen-it-stanley-druckenmiller-says.html + +>Legendary investor Stanley Druckenmiller says he doesn't like the way the market is set up + +>Hedge fund manager Stanley Druckenmiller told the Economic Club of New York on Tuesday that, "the risk-reward for equity is maybe as bad as I've seen it in my career," Druckemiller said, according to the organization's Twitter account. + +>The hedge fund manager also said he thought the market was overreacting to news of progress on antiviral drugs, such as Gilead's remdesivir. "I don't see why anybody would change their behavior because there's a viral drug out there," he said, according the club. +This seems relevant with the weekend discussion of broker shares. + +Dr Trimbath said, and wrote in her book : + +"As long as your shares are registered with the company, the fate of your shares are with the company. + +As long as your shares are with a broker the fate of your shares are with your broker." + +From Naked Short and Greedy and she also reiterated it during her DRS Origin Story on Twitter Live Space last year + +Free audio download of DRS Origin Story +https://stpadvisors.com/other-stuff + +Notes from DRS Origin Story +https://www.reddit.com/r/Superstonk/comments/pqxes6/if_you_missed_dr_ts_drs_origin_story_tonight_i/ + +Link to purchase Naked Short and Greedy Wallstreets Failure to Deliver +https://spiramus.com/naked-short-and-greedy +As of this past Friday I am now earning dividend every month; it’s only 3.50 a month but you have to start somewhere. I started this year and so far in 4 months have grown my account only to 1k. I’m putting in 200 a month and hoping to start putting in 1k a month within the next few years… have to pay off some debt first and finish school. +EDIT: THANK YOU to everyone for sharing your thoughts on the matter. I really appreciate it! I probably won’t be checking in this account or thread much anymore but for what it’s worth, this internet stranger appreciates you if you’ve commented and shared your ideas. Have a safe and fruitful rest of 2021 ! 👌 + + +Hello all - + +Some people I know in life are aware of my Reddit account, so I want to avoid anyone knowing about my financial status — hence the throwaway. Now that is out of the way, as the title says, I’m moving from CA to WA and would like to avoid an extensive audit during next year’s tax season as to when/where/why/how I moved this year. + +I have not officially moved yet, but my 30 days has been submitted and will be moving up next month. The capital gains have not been triggered yet, as the stock has not been sold either. + +First question: I was wondering if there were any steps I could take now to start submitting to the CA state tax board to provide proof of my legal and permanent move out of California. Or will I just have to wait until next year tax season and keep an extremely detailed record of everything? + +Second question: assuming the large amount subject to short term capital gains is from stock trading, is the date of sale tracked with IP to confirm I was in WA? There is a chance I need to sell during my exodus, so I might not physically be in WA at the time of sale. Or is it not that specific? + +As long as I am registered appropriately in WA with new DL, voting reg, proof of residency, local bank etc, insurance records etc, will that be enough proof? + +Thanks so much to anyone who has gone through this before! +[https://www.theverge.com/2019/3/11/18259580/tesla-price-hike-stores-reversal](https://www.theverge.com/2019/3/11/18259580/tesla-price-hike-stores-reversal) +\*\*PRESALE COMPLETED AND LIVE ON PANCAKESWAP!\*\* + +Telegram: [https://t.me/apetokenofficial](https://t.me/apetokenofficial](https://t.me/apetokenofficial)) + +ApeToken: Ape Token is a friction-less, yield-generating contract which is designed to be used for staking and betting in eSports via our home brew app currently in development. + +You will be able to use our coin to bet on any competitive eSport. + +A community driven coin with Static Rewards for holders. + +Tokenomics: 10% Tax: 5% burnt, 4% distributed to holders, 1% marketing wallet. + +Created by ApeStudios.net . An experienced and highly skilled team. + +The eSports Betting App: How does it tie in with the eSports Betting App? All bets within the eSports betting app will be with Ape Token. Meaning an ever increasing market cap due to constant trades with the Ape Token. + +All bets will incur a small fee, accumulating in the marketing wallet & distributed to holders. The community aspect coupled with the utility of the eSports betting App will mean the Ape Token will have long-term and short-term gains in value. Holders will have big incentives to hold due to the tokenomics and the additional airdrops via the betting app token accumulation. + +&#x200B; + +A coin that rewards holders. You gain more APET through every single trade due to inbuilt 10% tax. You will also gain more APET once the app is live due to people buying into APET and the transaction fees for every bet being paid into the marketing wallet. Which is later distributed to all APET holders. + +&#x200B; + +Website: [https://apetoken.net](https://apetoken.net](https://apetoken.net/)) + +&#x200B; + +Twitter: twitter.com/ape\\\_token + +&#x200B; + +Telegram: [https://t.me/apetokenofficial](https://t.me/apetokenofficial](https://t.me/apetokenofficial)) + +&#x200B; + +Developers: [https://ApeStudios.net](https://ApeStudios.net](https://apestudios.net/)) (creator of the token and apps) + +&#x200B; + +Address: 0x196dc2421af765c2673fc6093fb1374b28064270 + +&#x200B; + +PanCakeSwap: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x196dC2421AF765c2673FC6093fb1374b28064270](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x196dC2421AF765c2673FC6093fb1374b28064270) + +&#x200B; + +Charts poocoin: 0x196dc2421af765c2673fc6093fb1374b28064270 +Currently have about 10 k to work with and I pay no rent so no need to worry about that . Is there any books / videos I should watch and which ? Any tips that you would of liked to hear when first trying out ? + +Please feel free to drop any information I’ll be reading it all + +Edit : I’m from Ireland and I’m pretty sure you don’t need 25k to start , I’ve a friend who does it and he told me he started off with 7k +This is a summary of what we have discovered: + +🍌 + +Citadel adds a new branch to hide certain holdings (Ashler) + +Obtains a large portion of Freddie Mac (percent not known) + +Some insane shit goes down in January with their books + +Major drama and defaults happen, all connected to Citadel + +New rules are passed by the govt in record time because Citadel is way too connected to the housing market/ commercial properties + +May 10 - We get the "wind-down plan" + +Members from Freddie Mac bail the same day + +May 11 = Freddie Mac (listed under Ashler) filings released + +**AND NOW IT’S GETTING UGLLLY!!!  (stay with us here.. its deep, and connected globally🌎🌍🌏)** + +References + +2020 ADV Form – Citadel Advisors LLC + +[148826.pdf (sec.gov)](https://reports.adviserinfo.sec.gov/reports/ADV/148826/PDF/148826.pdf) + +2015 ADV Form – Citadel Advisors LLC (for comparison) + +[158862.pdf (sec.gov)](https://reports.adviserinfo.sec.gov/reports/ADV/158862/PDF/158862.pdf) + +Freddie Mac May 11 Report + +[FEDERAL HOME LOAN MORTGAGE CORP - ABS-15G/A - - FILE 18 OF 18 - May 11, 2021 (fintel.io)](https://fintel.io/doc/sec-federal-home-loan-mortgage-corp-1026214-abs15ga-2021-may-11-18758-401) + +Ashler Capital + +[Ashler Capital Llc - Portfolio Holdings (13F, 13G) (fintel.io)](https://fintel.io/i/ashler-capital) + +[https://www.citadel.com/investment-strategies/ashler-capital/](https://www.citadel.com/investment-strategies/ashler-capital/) + +Madison + +[https://www.mdcp.com](https://www.mdcp.com/) + +GME Timeline + +[https://gmetimeline.com/](https://gmetimeline.com/) + +From Citadel Advisor LLC’s recent ADV Filing: + +CITADEL ADVISORS LLC + +Complete this form truthfully. False statements or omissions may result in denial of your application, revocation of your registration, or criminal prosecution.  + +QUESTION: + +What is the total number of offices, other than your principal office and place of business, at which you conduct investment advisory business as of the end of your most recently completed fiscal year? + +ANSWER: 19 + +CITADEL ADVISORS LLC (CRD# 148826/SEC#: 801-70860) + +**Alternate Names: ASHLER CAPITAL LLC (RELYING ADVISER),** CITADEL ADVISORS II LLC (RELYING ADVISER),CITADEL ADVISORS LLC,CITADEL ASIA LIMITED (F/K/A CITADEL (HONG KONG) LIMITED) (RELYING ADVISER),CITADEL EUROPE LLP (RELYING ADVISER),CITADEL HOLDINGS I LP (RELYING ADVISER),CITADEL INVESTMENT CONSULTING (SHENZHEN) COMPANY LIMITED (RELYING ADVISER),CITADEL STRUCTURED FINANCE ADVISORY LLC (RELYING ADVISER) + +Citadel’s US State Jurisdictions (States where they have legal obligations) + +California  - 1/15/2021 + +Connecticut – 1/15/2021 + +Illinois – 1/15/2021 + +Minnesota – 12/31/2020 + +Ohio – 3/31/2021 + +Texas – 1/15/2021 + +A few stats on Citadel Advisors LLC per their 2020 ADV Form filing with the SEC: + +Year-End: December + +Corporate Jurisdiction – Delaware + +States with Jurisdiction – CA, CT, IL, MN, OH, TX + +2375 total employees + +1112 perform investment advisory functions + +56 registered representatives of broker- dealer + +41% of clients are NON-US persons + +17 pooled investment vehicles totalingL $244,269,595,218 + +&#x200B; + +NOW;🐳 + +Here’s a complete breakdown of Citadel Advisors 2020 ADV Form– including each of their 22 Hedgefunds – the Partners, Bankers, Auditors, Bookkeepers, Oversees Actors.  What a picture it paints. (an interesting note is main books are kept china) + +[https://drive.google.com/file/d/1rKHitLtuXgjEkuzEefa7ViFVvAjEpci1/view?usp=sharing](https://drive.google.com/file/d/1rKHitLtuXgjEkuzEefa7ViFVvAjEpci1/view?usp=sharing) + +List of Banks and Institutions affiliated as custodians with Citadel Advisors LLC + +[https://drive.google.com/file/d/1MI3IOFjivmmts7s1CA598PBidrb818rz/view?usp=sharing](https://drive.google.com/file/d/1MI3IOFjivmmts7s1CA598PBidrb818rz/view?usp=sharing) + +This shows all the alternate names for Citadel. Everything under Freddie Mac is listed under Ashler. + +[https://adviserinfo.sec.gov/firm/summary/148826](https://adviserinfo.sec.gov/firm/summary/148826) + +On March 10th, 2021, the SR-NSCC-2021-003 Rule change request was filed. This was to require more regular position confirmations and clarity. + + On March 24th, the DTCC officially eliminated month-end reporting and changed this to daily. + +By April 6th, DTCC-2021-005 went into effect, which prevented shares from being used as collateral within the market, multiple times. Tightening up these loopholes makes it harder for naked shorting to have its place in the market.  + +On April 16th, the DTC-2021-006 Rule change was requested, preventing more shares of a company to be traded than exist, which is still in review. + +On top of all these laws and regulations rolling out, GameStop also has a proxy voting for the shareholder meeting currently taking place. It is expected that GameStop will receive more votes than shares accounted for, showing over selling within the market. These voters can only vote if you own shares in the company, and a number is provided by brokers to individuals. See Wes’ AMA if you need to know more on this topic. + +**Every name on a 257-page ADV doc that is affiliated with Citadel Advisors LLC has made the news lately showing heavy losses, extreme stress, or is doing weird sh\*t (BofA/ JP Morgan).   That same document shows 19 umbrella companies connected to Citadel. They are worldwide and the implosion proves to be nasty AF.  Blackrock has been buying shares (not calls) like crazy. The same shares that Citadel has heavy shorts and puts in. Blackrock has been buying up housing. Blackrock has been buying shares in everything Citadel is short on. Citadel bought a crapload of bank assets on 08 before everything exploded.** + +[https://docoh.com/filing/1456739/0001806691-20-000010/DA](https://docoh.com/filing/1456739/0001806691-20-000010/DA) + +Section 5 Bottom right of the page shows them all. 7.7 billion dollars worth. + +These are all sales. Everybody that's buying them is getting f\*cked but it shows how bad they're looking for money by selling off this much in assets. + +All purchased 2008-01-01 + +[https://www.marketwatch.com/story/the-trump-administration-may-privatize-fannie-mae-and-freddie-mac-and-it-could-disrupt-the-nations-housing-finance-system-11606208076](https://www.marketwatch.com/story/the-trump-administration-may-privatize-fannie-mae-and-freddie-mac-and-it-could-disrupt-the-nations-housing-finance-system-11606208076) + +Madison Dearborn and Ashler Capital have the same website images. Yes, you read that right! Compare the images…..both are under Citadel, which also has the same images on their site. + +[https://www.citadel.com/investment-strategies/ashler-capital/](https://www.citadel.com/investment-strategies/ashler-capital/) + +[https://www.mdcp.com](https://www.mdcp.com/) + +A 41% increase before they blew up and were liquidated. + +[https://www.google.com/search?client=firefox-b-d&q=NUVEEN+FUND+LIQUIDATED](https://www.google.com/search?client=firefox-b-d&q=NUVEEN+FUND+LIQUIDATED) + +[https://fintel.io/so/us/ino/nuveen-asset-management-llc](https://fintel.io/so/us/ino/nuveen-asset-management-llc) + +**So... Madison Dearborn, Ashler, and Citadel (and others) are all essentially the same company, or at least connected through bank accounts.   Madison is buying up assets after Kenny's group of shorters f\*cked those companies into the ground.   We now know that this is 2008 2.0 but this time, with commercial properties.  Ashler = Freddie Mac.  BofA is now connected to Citadel after permanently closing a ton of branches.** + +005 rule shows up and Bitcoin tanks. ([coinmarketcap.com](http://coinmarketcap.com/)) + +[https://mf.freddiemac.com/about/our-leaders.html#koontzModal](https://mf.freddiemac.com/about/our-leaders.html#koontzModal) + +TLDR: Citadel go DUURRRR. GME go BRRRR.For more please, It is strongly recommended that you continue to do research, as this information is so broad to try and cover, and understand. Knowledge and transparency is highly encouraged🦍🦍🦍🦍❤️🍌🚀 + +Also, the support of chat on stream and background help was extremely helpful. Thank you everyone who contributed. Hours of work were spent digging into this information with several brains. Especially that spreadsheet which is available for view. Thanks you, and cheers🍌 + +Authors: u/Broad_Grapefruit u/Bloodhound1144 u/gmorgan99 + +edit 1: please no stupid questions, this is a lot.. also, if the sheet links are not allowing you access, thats being worked on right now. Its simply the 257 page paper broken down into 4 sheets. + +edit 2: links should be guud :) + +Edit 3: thank you for the luv n support. For some reason this cannot get posted into gme sub... a bit weird, and VERY sus + +Edit4: 005 did go into effect immediately but was removed for formatting. This is expected to go back into place and be once again, effective immediately +This used to be NSCC-2021-010 that would implement the SFT Clearing Service. It got delayed 9 months and was then removed and resubmitted as NSCC-2022-003. This is the one i was waiting for to pass to tell us they were close to being ready to let the MOASS happen. It would limit or prevent the rest of the market from tanking when the hedge funds started defaulting because it would let them use the NSCC as a go between for loans from other members. If they defaulted the other party would not have to worry they won't get their money and the NSCC would be able to sell off the loaned securities in a controlled manner to keep the stock from crashing. If it was just a loan between the shorter and the loaner the shorter would dump everything at once and fuck the market. There is no listed date for when it will go into effect so it's possible it will go into effect right away but don't be surprised if it's in a month or so instead. + +EDIT: People are asking if this is bad for us because they can get loans to hold off margin calls. The SHF could always get loans without this rule but this rule would make the NSCC a middleman if they used this service. The NSCC would then hold their collateral and if they default then they could slowly sell off the stocks to not cause a crash in those stocks. Whereas in a normal loan with just the SHF and the person loaning them the money the SHF is likely to quickly sell off their stocks if they defaulted and cause it to crash and screw other people holding it. So this would limit that and likely be one of the key rules the Government would want to be in effect before they let things play out. + +Here is a link: [https://www.sec.gov/rules/sro/nscc/2022/34-95011.pdf](https://www.sec.gov/rules/sro/nscc/2022/34-95011.pdf) + +STAY STRONG APES! UNITED WE GET RICH DIVIDED WE FALL! +This is a throw away account, for privacy reasons. *\[edit: I'm going to keep this account after all\]* + +I (49F) sold my business two years ago and have more money than I know what to do with (\~20 million). I barely graduated from high school, was born and raised in a small shitty working class city on the Canadian prairies. Currently living a middle class lifestyle in the GTA, in a bad marriage with older (12&22 kids). + +After selling the business I had so many big ideas of how I was going to enjoy the free time and wealth that I worked so hard for. However, I find myself stuck, almost paralyzed. My husband knows I have done well, but I don't think he has any idea how well (we are separated but still living together, it's complicated) . My friends and family are working class people. How do you take your friends/family on luxury vacations when they are struggling to make ends meet? Do I just go alone? + +Anyway, I've wasted two years of my life sitting around waiting for something to happen when I could do pretty much anything I wanted to do. I'm chained because my husband uses our youngest to control me/keep me from being able to travel or move out of our suburban neighborhood. Staying in our family home has been the best situation up to now. I've gone to counseling to help get through this, but sometimes I think they don't take me seriously because I look like a regular person, am not "educated" etc. I currently drive a 05 honda haha, I can be frugal to a fault... but if I'm going to spend money on a car, it will be big money! + +I think maybe a Life Coach who works with HNW individuals might be a good idea, but maybe I'll have the same problem where they don't take me seriously. I'm here looking for advice? Suggestions? Referrals? I don't want to waste my money, but I don't want to die having never spent any of the money either. +Hello. Does anyone have any good tips on resources on how to judge different p/e ratios across different industries and on the value-growth axis? For example, what is an acceptable p/e when one looks at a growth company? How high can it be and still be a good buy from a value perspective? + +Example, I am looking in to Salesforce, and i believe it could be a decent buy, but p/e is at around 53-54.. +Hard to make this a non-baity title, but I'm a beginner at M&A situations. + +Microsoft announced that it will buy Activision for $95 per share or $68.7b in an all cash transaction. + +There are about 0.781b shares outstanding. + +0.781b \* $95 = $74.2b + +I can't seem to find anything about that discrepancy. Is it caused by Microsoft already owning shares worth $5.5b or is there anything else on the balance sheet going into this calculation that I'm not aware of? +Berkshire has purchased $9.2 billion of Verizon stock over the last 9 months, at an average price of $59. Today VZ trades below $57, giving us an opportunity to follow Berkshire into one of its largest common stock investments at a price below what Berkshire paid + +Verizon appears to be a much safer and higher yielding investment than Berkshire itself, with prices where they are. The dividend yield alone is higher than Berkshire's operating earnings yield. Verizon is an example of a stock whose interest rate has NOT collapsed: + +https://www.reddit.com/r/brkb/comments/mr2jcp/verizon_a_company_whose_market_value_is_affected/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +I believe Berkshire is fully and optimistically priced right now. Here are my thoughts + +**Justification #1:** As a first approximation, Berkshire's operating earnings yield is well below 4%, lower than I've ever seen it. As Buffett explicitly stated at the Annual Meeting, the Q1 2021 earnings were no higher than Q1 2020 would have been without COVID. Berkshire's "interest rate" has recently collapsed-- price way up, earnings almost flat + +**Justification #2:** Berkshire is fully valued according to a recent and fairly optimistic expert estimate of intrinsic value (Morningstar): + +https://www.reddit.com/r/brkb/comments/m80e6e/greg_warren_morningstar_berkshire_shows_stronger/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +**Justification #3:** Nobody agrees fully with the (book value)+(insurance float) price predictor, but historically, stretching back for decades, it has been a losing proposition to buy above BV+FL. Today BV+FL is $257, and the P/(BV+FL) ratio is 1.13, an extreme high. The last time this happened was in 2014, and you can see what happened then: + +https://www.reddit.com/r/brkb/comments/mhf7i0/berkshire_hathaways_market_price_follows_the_sum/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +**Justification #4:** Berkshire was rapidly tapering its buybacks at $250, far below the current market price of $290. This is a dead giveaway that we are fully valued or overvalued. Berkshire's average buyback price is well below the highest price paid, probably around $210. The buybacks likely target an average price (just like when Berkshire was buying AAPL -- Berkshire bought many shares far above $35 but never made a purchase that would raise the average above $35). Here is the Q1 2021 buyback table, where you can see the tapering: + +https://www.reddit.com/r/brkb/comments/n2h588/berkshire_q1_2021_buyback_price_table_these/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +I've probably got about almost 10 Amazon alerts since Black Friday. About hey come check out our crazy deals. And each time I go into the app and go to my list of things I'll get in the future. And none of those prices have dropped at all. So get out of here with all that malarkey Amazon, you're lying lol. +I don’t really get why it’s going down? I’m not panicking since it’s one of my longterm investments, but I want to understand and learn why this is happening. Is this a good moment to buy? Or should I switch to a different ETF focused on clean energy? +Something that has crossed my mind lately as I've seen news of inflation and rising interest rates impacts on 'everyday Aussies' is however with the the people they are interviewing they seem to have a lot of bits and pieces in the background, multiple vehicles, wearing jewellery, flash looking furniture, appliances throughout the home/kitchen, hair and nails did, designer pets, etc, etc. + +Even with people I talk with in person they'll bemoan the price of everything yet next thing be showing off a new PS5 game/accessory, wearing some new clothes, telling me how much they like the liquor they have been drinking lately or hyping say a new phone or electronic device. + +I don't begrudge people having nice things but it seems off if they are otherwise complaining about economic circumstances. + +Am I wrong in believing this or is their evidence to back this up? What's everyone here think? + + +I recently stumbled upon this project a few days ago and was wondering why it was so undervalued. Since I joined I've been a part of their Telegram group and its such a fun and lively community of Apes! This is seriously a very undervalued project. Let me explain to you why! + +I've had a hard time deciding to invest in Safemoon due to the recent audit that came out saying they had some safety issues within their protocol that could be exploited by the team member if they ever have a change of mind. I can't willingly put my money somewhere it could be taken away from me if someone has a change of mind. This is why $GreatApe is such a relief, because it is a decentralized protocol and there is no owner or team. There are volunteers in the community putting crazy hours on this (I swear they must not be getting any sleep!) to build out the project and the community. + +This is the safest place I've ever seen because there was no ownership on the contract. Ever! This was made possible through a unique launch method where the contract was sent some BNB and then after that a community member launched it. It wasn't launched by the contract creator! + +To make things even better, the code used on here is developed specifically for BSC unlike any other protocol out there that is using an outdated version of the RFI and Safemoon codes which have glaring issues as was seen in several audits. The code on $GreatApe was re-written from the ground up by Morpheus, the same dev that Invented, the code that Safemoon copied. Its quiet a hilarious narrative! They say imitation is the sincerest form of flattery, I wouldn't be surprised if Safemoon tried to copy Morhpeus' code again haha! + +Since they've launched 10 days ago the community took over and just awhile ago they completed their first Airdrop to aid another community that got rugged. Really cool efforts from the community and literally anyone can make a change in here! Just need to join the Telegram and talk to the community. So cool I've never felt like I was part of a team until now. + +Anyways guys, just please check it out you don't want to miss this opportunity. I promise you won't regret it! + +Tokenomics: + +Total supply: 100,000,000,000 + +Week 1 - 7.5% liquidity | 2.5% RFI tax Week 2 - 5% liquidity | 2.5% RFI tax Forever - 2.5% liquidity | 2.5% RFI tax + +20% of Supply burned forever creating a deflationary supply acting as a Blackhole (No we did not send these tokens to Vitalik's address) + +Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x7f4a15f5cf12e1650f090fb7bc7b0f240f1bde98](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x7f4a15f5cf12e1650f090fb7bc7b0f240f1bde98) + +Set Slippage to 9%. + +Audit by [u/BScchecker](https://www.reddit.com/user/BScchecker) Passed: [https://t.me/bscChecker/305](https://t.me/bscChecker/305) + +Contract: 0x7f4a15f5cf12e1650f090fb7bc7b0f240f1bde98 + +Proof of burn: [https://bscscan.com/token/0x7f4a15f5cf12e1650f090fb7bc7b0f240f1bde98?a=0x000000000000000000000000000000000000dead](https://bscscan.com/token/0x7f4a15f5cf12e1650f090fb7bc7b0f240f1bde98?a=0x000000000000000000000000000000000000dead) + +Site: [https://greatape.cc/](https://greatape.cc/) + +Follow: [https://twitter.com/GreatApeCrypto](https://twitter.com/GreatApeCrypto) + +Telegram: [https://t.me/Great\_Ape\_Official](https://t.me/Great_Ape_Official) + +Instagram: [https://www.instagram.com/p/CPKAvDLDmFO/?utm\_medium=copy\_link](https://www.instagram.com/p/CPKAvDLDmFO/?utm_medium=copy_link) + +Tik-Tok: [https://vm.tiktok.com/ZMenWuAvb/](https://vm.tiktok.com/ZMenWuAvb/) + +Medium: [https://greatapecrypto.medium.com/](https://greatapecrypto.medium.com/) +Because there is no barriers to being a trader. Want to start trading? Sure! Find a random broker and deposit minimum 10 dollars to start trading forex, stocks, options and futures. + +Want to be a doctor? 7 years of med school minimum. +Want to be a dentist? 4 years of dentistry school. +Want to be a lawyer? Pass the bar exam. +Want to be an engineer of any sorts? Get an engineering degree in 3-4 years. +Want to be a blue collar worker? At least go for an apprenticeship for 6-12 months minimum. + +Why do 90% of traders fail? Because there is no barrier to entry and all the shitheads think they are gonna make it like they did on their 100000% ROI demo account. + +Stop dreaming and put in effort and you might have a chance at not getting margin called. +It was suggested in the r/homeimprovement forum that I share my post here.  + + +I provided the links to repository lists in PA in the post (more specifically a link to a Google doc with the links).  + + +Some other tips I'll add for cheap homes and living: + + +Freddie Mac and Fannie Mae sells foreclosure. You can view their inventory at homesteps.com and homepath.com. they have houses all over the country. Cheapest one I've seen is $1,000.  + + +Another hack: TrueDream Properties finances parcels of land (mostly out west). I have NOT bought land from them BUT they have a lot of positive reviews.  + + +Typically the land costs $99/month. Some of it is off grid as well.  + + +Once you own the land you can get a cheap camper or RV and stack money to build a home when the land is paid off. I've found decent campers listed for under $1,000 where I'm at. This is a great option for individuals or couples especially.  + + +Also: people give away free mobile homes. If you know how to move them cheap and can get a small piece of land cheap, you got yourself a property.  + + +There are trailer courts that will move your trailer for free but you have to pay lot rent.  + + +Every state has some type of tax sale. I am familiar with Pennsylvania.  + + +If you're in a different state, call your tax bureau and ask about their process.  + +Here's my original post with updates: + +So I bought my house and garage for $705.25 in August (my state has repository lists and all properties are $705.25 and mobile homes without land are about $400). I was not allowed inside the property before buying it, and it was "AS IS," but I was able to find out utilities were on within the past year before buying it. The garage is detached. + + +The homeowner died in 2016 and the house was unoccupied and packed to the brim with stuff. + +Cleaning it out has been overwhelming albeit interesting. The house was so packed that it needed cleaned out just to walk through all of the rooms. + +I haven't paid anyone to do work. My income is currently below the poverty line, so this hasn't been just a rut and gut, but a rut and gut on a $250-$300 a month budget. + +I thought it'd be fun to share because it was done on a very small budget by only me. Maybe this can help inspire some other folks who, like me, meet the definition of being in poverty or are financially struggling and don't see themselves ever being able to own a home. The point is that, even though I have been working on this since August, progress is coming and I can finally see the light. I project it'll take another 30-60 days. + +Now I got SUPER LUCKY with this purchase. I didnt see the inside of the house or garage. The garage was packed with all kinds of tools, most of which worked. There was new gutters, soffit, and siding in the garage rafters. There is a ton of reclaimed wood in the garage and attic. + +This saved me a TON of money on materials AND tools. There is likely enough reclaimed wood to re-do most of the house's flooring. + +I also was blessed because the hot water tank AND furnace work and the ducting was recently completed by the previous owner. ALL of the appliances worked. There was a washer, dryer, fridge, stove, microwave and beer fridge. + +PLUMBING + +I was lucky because I had some of the plumbing stuff already. I did a few surveys for Amazon gift cards last summer and scored about $250 in gift cards. Amazon has great deals on fittings. + +Example: I paid $43 on Amazon for 10 fittings that would have cost over $100 at Home Depot. Amazon AND eBay also sell generic and brand name Sharkbites a lot cheaper than Home Depot (if you buy 10 packs, they're roughly 50% cheaper than Home Depot). + +Home Depot offers a bulk discount if you buy 10 or more CPVC/PVC pipes, meaning I could get 100 feet of 1/2" and 3/4" in PVC and CPVC for under $100. If I end up with extra, I can get store credit. + +&#x200B; + +LUMBER: + +Home Depot has a 70% off lumber rack. Sometimes the wood is great, other times it's shit. I cleaned out their discount pile one day. Ended up paying a little under $80 for 8 support beams and a bunch of 2x4s and other lumber that was perfect to re-do the floors. I have enough left over to reframe other areas of the house and add additional support beams in the basement, plus build an exterior door. + +TOOLS: + +Harbor Freight has been AWESOME. I get 20% and 25% off one item coupons weekly, plus coupons for free items. I split up the purchases to maximize savings, but they typically do that for customers without having to ask. I've ended up getting free tape measures, tarps, rags, and flashlights. Plus they have special coupons for tools (for ex: $20 for a saw) that are better than the 20% off coupon. I did need a reciprocating and circular saw, and got them at 25% off and a free taper measure and tarp. + +FLOORING: + +I was on [HomeDepot.com](https://HomeDepot.com) and noticed ceramic tile was $0.24/sq foot (retail was $0.82 I think). For whatever reason when I was in the store the same tile was on sale for $0.52/sq foot. I ordered 18 cases for $64 online and got 252 sq ft work of new tile. It was enough to do the kitchen and bathrooms. + +ELECTRICAL: + +I have 8 fixtures I bought brand new a year ago on [HomeDepot.com](https://HomeDepot.com) for $44 (final clearance).Outlets and single pole light switches are A LOT cheaper on eBay and Amazon than Home Depot.I'm not certain of the extent of the electrical work, but I know a few outlets and switches need replaced and 2 light fixtures need replaced. Electrical wire isn't cheaper online. + +&#x200B; + +What still needs done: + +Some electrical work (unsure of materials, but should be under $150) + +Flooring for several rooms (there's over 1,000 sq ft worth of old toungue and groove flooring in the garage and attic. I'm likely going to sand it down and install it, but I may want to do carpet in certain areas). + +Porch and front steps need redone. + +OSB board still needs put down in the kitchen (still need 2 sheets)