diff --git "a/reddit_finance_43_250k_88.txt" "b/reddit_finance_43_250k_88.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_88.txt" @@ -0,0 +1,10000 @@ +- 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! + +I've been trying to run rent comps, and I hate using [apartments.com](https://apartments.com). Their site is so slow I don't understand how anyone uses it. I've also tried using rentometer but their estimates seem pretty off and I don't want to pay for it. + +I've seen Estateza being posted, but I'm not sure how accurate this is. It seems like it could be better than rentometer, but it doesn't really have just a rent search tool so I can't find every property I'm searching. It is free though so that's nice. + +Any recommendations for alternatives?? +I have an internet business that’s always been doing quite well, but has now entered a period of hyper-growth. My team and I are handling day to day operations fine; the business itself is quite resilient. However, I’m now dealing with stuff that’s an absolute drag on my mental state: I’m suing a former high-ranking (C level) employee, I’m engaged in disputes with competitors, etc. Part of my business is in a highly-regulated space, so I’ve had to constantly engage in discussions with my lawyers and obtain their sign-off on pretty much anything I do, keep up to date with the latest regulations and case law, etc. I feel overwhelmed by everything that’s going on. How do those of you who are business owners, especially in regulated spaces, deal with it all? +[https://moneyweek.com/investments/stockmarkets/604997/federal-reserve-interest-rate-rise](https://moneyweek.com/investments/stockmarkets/604997/federal-reserve-interest-rate-rise) + +In an attempt to contain raging inflation, the Federal Reserve has raised US interest rates by 0.75 percentage points. And it’s going to keep on raising them till something breaks, says John Stepek. The **“Fed put”** is dead. Or at least, the stock market level at which the Federal Reserve, the US central bank, will intervene with the soothing balm of looser monetary policy, has been lowered substantially. That much is very very clear. If anyone had any doubts, yesterday’s monetary policy decision should have set them right. The Federal Reserve isn’t playing games anymore. Yesterday, the Federal Reserve raised interest rates by three quarters of a percentage point. It’s now targeting a Federal Funds rate of 1.5-1.75%. When you think about how unthinkable that would have been just a year ago, it’s staggering. Most investors were quaking at the notion of a quarter point rate rise.   +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! + +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. +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! + +I (late twenties) just sold my company and will receive around 11m USD for it. 1/3 in cash right away and 2/3 in RSUs over vesting over the next 4 years. I am based in Germany. Previously I had $500k with the majority invested in ETFs (80% MSCI World, 20% MSCI emerging markets). How should my changed situation change my portfolio? + +I could just keep doing what I am doing as I have big trust that the world economy will keep doing what it's been doing the last decades (grow 7% p.a. if the investment horizon is >15 years). But I am wondering if my changed situation should open new doors and possibilities which I should look into. + +I want to keep working another 4 years and then retire or go part-time to just focus on enjoying life and managing my investments. I feel like I don't need to take big risks ("why keep playing if you already won?") but I am also not risk-averse since I can handle some volatility since my costs won't go above $100k / year since I am a frugal person meaning if I keep a few hundred k in cash I can ride out bigger draw downs. + +TL;DR: My net worth 22x'ed. Should I change my investment strategy and do more than keep investing in broad market passive index funds? +I don't believe the 3 month e-fund advice holds water anymore. Especially for those in corporate jobs. Here's why: + +I was laid off in the beginning of January. The company offered a 1 month severance. Not that I had a choice- but I accepted their offer. + +I took a week off to feel bad about myself and mope- but got right back on the horse the very next week. Sending out LinkedIn messages to contacts, updating my resume, talking (on the phone!) to some former colleagues- putting out feelers. The 3rd week I started to steadily apply for jobs. At least 3 per day. I spent the time to tailor my resume and cover letter to each position. Many companies had unique screenings so it was different every time. A few even had me take logic tests online which took a good 30min to an hour each. I didn't get a single call back until week 5, which was just talking to HR reps. Week 6 I had 3 interviews with hiring managers. Now we are halfway into week 7, and I have meetings set up for week 8 with team members of a few different companies. If all goes well- MAYBE I get an offer by week 10 with a start date around week 12. And that's me getting lucky and having industry contacts pulling for me. And also being optimistic that these interviews will turn into offers. Not to mention the fact that I probably won't get paid until week 14 or 15 at the earliest. + +During this time I haven't seen a penny from unemployment or my previous company. My previous company has 90 days to pay me severance, and unemployment is pending until they have someone look at my severance package. All 40 of the folks laid off at the same time as me are in the same boat. + +I am very fortunate to have saved a large E-Fund because I had intuition that my company was underperforming and was very frugal over the last year. But I know a few of my ex-colleagues are in hot water. One of them has already had to sign up for door dash because he is worried about next month's mortgage payment. + + +TL;DR: Between covid, the slow hiring process of corporate jobs, and unemployment issues- you'd be lucky to start a job less than 3 months after getting laid off. Think carefully if that is enough of an e-fund for you. +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! + +Wall Street lobbyists are frantically trying to kill a federal rule that requires banks to follow the law & not commit egregious crimes that get them criminally convicted on felony charges. This is happening RIGHT NOW. + +[https://www.levernews.com/criminal-banks-want-to-have-their-cake-and-eat-it-too/](https://www.levernews.com/criminal-banks-want-to-have-their-cake-and-eat-it-too/) +I'm in my early 30's and having my first kid and want to make sure my wife and I are alive and able-bodied for as long as possible for my family as we age. Like most people, I've dealt with early deaths, incapacitations, etc. with my family and friends and it's awful and makes me wonder what I can do to avoid it. + +My current physical health is good and I keep a pretty balanced diet, regularly workout, no vices, etc. What else can I do to proactively manage my health with the resources I have? + +I've read just a bit about concierge doctors and executive physical exams. Would it make sense for me to find a facility that could do a comprehensive health check on us, perhaps at regular intervals? We're in the LA area if it matters. + +I'd appreciate any and all comments on the topic of longevity. Thanks! +So, this is a pretty personal post but whatever, reddit has been my family these past few months. + +I'm a fatFIREd woman in Canada going through a separation/divorce with a man who is a blue collar worker. + +I wasn't anywhere near fat when we married, but I did write up a marriage contract which he signed at a notary office prior to the wedding. + +Initially, I paid a lawyer to write the contract, but what the lawyer gave me had other people's names in it. He had just copy and pasted someone else's contract and tried to pass it off on me. When I pointed it out, he said too bad and kept my money which at that time was a lot of money to me ($1200) + +So I wrote my own contract which basically said: any businesses either of us individually owned would not be considered marital property. However, everything earned personally and purchased personally would be marital property. + +My husband refused to get a lawyer to go over the contract prior to signing, saying it was unnecessary (he worked in the court system at the time). I thought it would be fine, and since my experiences with lawyers up to then hadn't been great, well... that's why I was fine with it. + +So we were married for 15 years and my personal income grew(300,000+) and his stayed low (~30,000). We lived a middle class life, I worked from home and raised our child and his son from a prior relationship, while he worked outside of the home. I was the homemaker and the breadwinner the entire relationship. + +Our personal net worth is about 3,000,000 which will be split as marital property. + +My company is worth ~20,000,000 and his is worth ~50,000, which according to the contract we signed would be excluded from marital property. + +The problem is, my husband has notified me that he will be ignoring the contract and is expecting full division of all property plus spousal support. + +My question is this: + +Is there any point in me fighting to try to make this contract stick, or is it mostly hopeless due to the lack of council?My lawyer says we can try but it's going to be very expensive and there are no guarantees. + +I feel completely defeated and like I should just not bother to fight. That giving him half would just be the cheapest and easiest thing to do. However, it also feels so unfair to me.... I didn't live the life I wanted to live, because I was supporting his dreams and raising his kids during our marriage. In fact both of the kids, including his adult son, still live with me. + +Does anyone out there have any similar experience they can share? Is there any hope for me to save my company? +Comment on this post if you’ve bought the dip this week. + +If this post makes it into hot, then we can get a pretty good idea of how many shares we’ve accumulated this week. + +Imagine 20% of this sub has bought the dip. 140,000 diamond handed apes. At just 4 shares each we would have more than 500,000 more shares locked up THIS WEEK ALONE. + +Hedgies r fuk. +Macroeconomic chaos. +Inflation. +War and fear. +Stock market in shambles. +Liquidations due to overleverage. +CEX’s stopping withdrawals. +Coinbase hurting. +Blue chip NFT floor price valuations down 90% in some cases. + +We know the financial institutions are short, and we get to sit and watch them bleed. + +We know they are going to be fighting, every single day, just to stay alive, and all we have to do is: + +BUY HODL DRS GME + +ggme +I see so many people talk trash about California and how there is this mass exodus happening but is it really? + +Are people really moving out of the state in droves or it’s most a few here and there. + +We live on the east coast and have family in Southern California and romanticize the idea of moving there all the time. + +Now with WFH flex we can’t decide if we should move to a HCOL city or stay out in our MCOl but boring town. + +Thoughts? + +So, I’ve seen similar posts comparing these two but I haven’t seen any good explanation and I still don’t see the reason as to why the QQQ is a better investment. Yes, it is less risky, and yes, I understand the expense ratio is less. But is it really less than 3x gain for TQQQ? Last 5yrs TQQQ went up 1,320% while QQQ went up 220%… I’m not saying they won’t drop anytime soon, but let’s just say they both continue to go up for a while, why not buy and hold TQQQ instead?? +I recently got into economics and while studying the Solow model, the main conclusion I got is to maintain economic growth technological progress is required. As far as I know, this crisis has led to increasing technological advances. + +In so a question has been bothering me, after we reach steady-state, would the economic growth be higher because of accelerated technological progress? Or is my reasoning flawed? +If you have rent control in a country and they enact a property tax - will the market price of the property be different when rents are kept low from a property with no rent control? +What did Adam Smith mean when he said: "As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce" (Chapter VI, p. 60)? + +I am very new to economics and have seen this quote brought up frequently on the internet and it results in confusion for me. Was Smith opposed to landlords? +Or is this permanent? +[https://www.cnbc.com/amp/2022/09/14/chinas-inflation-is-far-lower-than-the-us-why-locals-still-feel-price-pressures.html](https://www.cnbc.com/amp/2022/09/14/chinas-inflation-is-far-lower-than-the-us-why-locals-still-feel-price-pressures.html) +What is the model that predicts the behavior of a company that repeatedly goes bankrupt and gets bailed out by new creditors or by government grants? Print money like mad as a federally contracted institution. Everything they teach in University about economics is a sad joke. Technological advancement can't even occur in half of the market place because there is collusion keeping new technology out of the market. The concept of a free market is a joke. It's a lie to tell people who don't realize that manipulation and control is the name of the game. +If you retired early, what were some of your surprises (positive or negative) that really affect you? (Not sure if this is the best sub for folks that have arrived, vs. those who are still trying to get there.) *Edit to expand the topic audience a bit:* and if you're contemplating post-retirement topics like this but aren't there yet, what do you worry about that others might help you think about? + +The post is intended to be a "here are some meta things to think about as you plan." The username is a new account, alluding to the dog that chases cars and is bewildered about what to do once it finally catches one. + +For me: + +* I knew I was unhappy working, but didn't realize how deeply. A couple months after retiring, I had the first really good solid sleep in years and woke up without the dread of the day. Huge freaking weight off. Probably should have changed jobs far sooner for something that I might have been happier working for longer... but the job ticked the boxes of "financially on track..." which felt valuable at the time. Health is improving, relationships are improving, et cetera... +* There are awkward conversations with peers and especially older workers about "So, what do you do?" Ummm… I volunteer a lot? "Oh, between jobs?" So far my main go-to is "I'm taking a couple years off and seeing how it goes, and doing some re-training to new interests." +* Some awkwardness with family. So far my siblings haven't directly expressed that they're mad about me getting out early, but I don't think they're happy looking ahead at working the next 15 years in comparison (or more.) +* A little over a year into retirement, I'm still having trouble shifting from "not enough" to "have enough" mentality. Unlike another recent poster with the "spend it if you've got it," I still have to stop myself from agonizing over tiny financial decisions to get on with the big ones. I'll spend 20 minutes to save $2 comparison shopping, or put off getting something I really need because "is it really worth $20?" Or spending on fees/taxes to do that portfolio re-balancing I know I really should be doing... I know this sounds more like a lean conversation, but I see lot of parallels with Buffett - drive an old car, live in a relatively simple house, but we do a lot of travelling and other activities. +https://www.cnbc.com/2019/03/15/active-fund-managers-trail-the-sp-500-for-the-ninth-year-in-a-row-in-triumph-for-indexing.html + +Active managers who claim that they would do better during periods of heightened volatility are going to have to find another argument. + +For the ninth consecutive year, the majority (64.49 percent) of large-cap funds lagged the S&P 500 last year. + +After 10 years, 85 percent of large cap funds underperformed the S&P 500, and after 15 years, nearly 92 percent are trailing the index. +There are arguments from accounting, like the one displayed in [this](https://www.youtube.com/watch?v=L9Pc23r_m6k) lecture, that the money multiplier is a myth and the money multiplier model "violates the rules of accounting that are an essential part of how banks operate." Rather, individual banks increase the money supply merely by extending credit "out of thin air." + +Are there accounting arguments that critique "credit creation theory" (i.e., the theory that commercial banks create money out of thin air and lend it out)? Are there accounting arguments for that the money multiplier is actually correct? +I have been buying quite aggressively since the start of the year until the present DCAying all the way till now. This includes some stocks I bought before they tumbled in price. Most stocks I have been buying primarily on my Roth IRA while I have been using Robinhood for those that I plan on using options (Wheels Strategy) to earn additional passive income. I have mostly been investing in companies with a long term horizon using primarily a free cash flow valuation but I have also been investing in undervalued companies suing financial ratios such as EV/EBIT, Magic Formula, low PEG stocks, and great balance sheet strength. + +My biggest holdings are: + +Alibaba (BABA) average price is about $130 making up about 10 - 12% of my overall portfolio. I having been buying lately but if it goes down sub $100 I might mostly likely start accumulating more. + +Meta (META) average price is about $200 and makes up about 7.50% of my overall portfolio. I have been actively buying this stock especially anything sub $200. + +Tencent (TCEHY) average cost is about $52.50 and makes up about 6.50% of my portfolio. I have been buying this stock. + +Stocks I have been buying recently: + +WBD (Biggest stock I am buying) - tremendous streaming and cable content. Spinoff and possible turnaround opportunity. + +FLWS (simple business selling various gifts, candy, and merchandise. Not much debt and growing revenues. Growth stock potential. + +STNE (Brazilian fin-tech facilitating digital transactions with socio-economic tailwinds favoring digitization of transactions. Has negative current earnings but has experienced explosive revenues and its earnings in the past has stabalized and gone in the green. I need to read more on this stock but Sven Carlin analyzed this stock this year. + +Stellantis (STLA) - the combination of Fiat and Chrysler. They are a cyclical play so expect lower price during a recession but they have a huge margin of safety. They are currently selling for $12.30 with cash per share at $17.66, book value at $20 and negative net debt. They have an EV/EBITDA of 0.97 and are offering an 8% dividend yield. + +Paramount (PARA) - Similar reasons as WBD but I am not buying as aggressively. I am mostly buying this stock in my Robinhood account to use the Wheels Options Strategy. PARAP (the preferred shares) are convertible. They are offering 14% yield. + +OESX (micro-cap industrial stock) with very low valuations, little to no debt, trading at 1x book value. They provide a lot of LED services to major clients and other lighting work. + +SWKS provides 5g capabilities by offering radio frequency devices to major players particularly Apple which allows for wireless communication. They seem to be in a good industry. + +Fl - Perhaps one of the best retail rebound stocks that pays a good 6% dividend. + +PayPAL - Decent valuations and a known company. Much cheaper than some of their more hyped up counterparts I.E Stripe, Affirm, et al. + +INTC - It's problems are already priced for a discount. + +MU - just starting to add a position. It is basically an oligopoly. + +ZIM - One of the biggest shipping companies in the world with strong tailwinds and industry consolidation. Morningstar estimates it might be about 35% undervalued and is offering a 25% dividend yield. + +VALE - A major Brazilian oil ore producer which is an industry that seems to be relatively undervalued with good dividends (BHP, Rio Tinto.) From a valuation perspective I would go with VALE which morningstar also believes it to be 30% undervalued and is offering a 15% dividend (special dividend I believe). + +SPG - One of the most undervalued REITS with a bit of turnaround potential. I have bought a lot during 2020 but started to accumulate more with the recent pullbacks sub $100. + +Some stocks I am eying on: + +X + +BIG + +FINV + +HEAR + +YUMC + +GOOGLE + +NTDOY + +Any other stock you are buying or eying on? +GET YOUR CHICKEN TENDIES!! + + +Launched successfully on May 20th, 2021 12:00 EST. 3 Million MC reached within 20 minutes and currently OVER 10 Million MC in under 24 hours. Strong and very involved community that are in it for the long run. + +TendieSwap, and it’s utility token Chicken $TENDIE Is the first crewed mission to revolutionize the betting industry 🚀 + + +$TENDIE TOKEN ADDRESS : 0x9853A30C69474BeD37595F9B149ad634b5c323d9 + +🔥Our Initial Dex Offering for $TENDIE took place on PANCAKESWAP. +🔥The protocol provided $150k in liquidity that was locked with DxSale +🔥This was a pseudo fair launch and the developers got zero allocations of coin. All the wallets are transparent. They make money if the protocol is successful only so they make money if everyone makes money. +$375K was raised for Pre-Sale at $0.15. Max allocation was $2k to prevent whales and they have a lock up! + +What is TendieSwap? + +Besides providing our own DEX, staking and farming protocol, TendieSwap is focused on revolutionizing the BETTING industry. + +TendieSwap is a non-custodial prediction protocol that enables users to earn unlimited rewards on high-yield prediction markets. TENDIE ($TENDIE) is the utility token of the TendieSwap ecosystem and is based on the BEP-20 token standard. + +TendieSwap Predictions: A tool which enables you to make money based on where you think certain coins are headed price-wise. So for example if you think BNB is going to be higher from current oracle locked price in 5 Minutes then you can bet this and make money off your theory. + +TendieSwap Lottery: Spend TENDIE's to buy tickets, contributing to the lottery pot. Win prizes if 2, 3, or 4 of your ticket numbers match the winning numbers and their exact order! + +DAO: The entire protocol will be run by the community through our DAO. The system will be based on tokens held and will take in votes for all decisions on the protocol. + +TendieSwap is the new GOAT of Prediction Markets. We will offer an Automated Market Making algorithm that enables users to create automated prediction markets with integrated options & pricing calculation. Later down the road, users will be able to set up their own bets and get others to take the other side. REAL DECENTRALIZED BETTING ENABLED! + +$TENDIE to the moon! + +ROADMAP +Coming Soon After Launch: +🛫Bridge to MATIC +🛫 Prediction (currently on testnet) +🛫 Audit coming within first month + +Coming Later This Year: +🚀 Initial Tendie Offerings (ITOs) +🚀 Tendie NFTs (in development) +🚀 Advanced burning mechanisms (contracts to be deployed to testnet) +🚀 BEP20 wrapper tokens for token and staking processes on BSC (in development) +🚀 UI overhaul + +Future Plans: +🛰 Lending and Borrowing Platform +🛰 Expanded Prediction Market capabilities +🛰 Expanded ITOs, giving users more options for how they want to launch their project + +Socials: +🐣Twitter: Tendie_Swap +🐥Insta: Tendie.Swap +🐔Telegram & Medium: tendieswap +Disclaimer: $TENDIE is a high risk coin. Invest with care and always do your own research. +Hi everyone, + +I am a 35yo software engineer/manager working in tech. Through high W2 compensation and frugal living I have a liquid net worth of $3M (no crypto or TSLA, it's all in diversified index funds) plus an extra illiquid \~$2-3M from a pre-IPO tech startup I worked at in the past (this could still totally go to $0, so I'm not counting on it). I have $0 debt. + +I have never owned real estate in my life and always happily rented, which allowed me to just focus on my job and relocate multiple times to be close to work. + +I am thinking of quitting my job, since I've been working extremely hard for more than a decade, and pursue some part-time activity that would give me more time to live my life (currently working 60+ hours a week). + +An activity that always fascinated me is real estate, actively owning rental properties specifically. My dad has been doing it for a long time in his retirement with decent success, while just working a few hours a week (in a completely different country though, I am in the US). However, I am a complete newbie and my knowledge is nearly zero. I have read a couple books and am familiar with the 1% rule etc., but that's it. + +Do you think it would be insane for me to start dabbling into rentals in this crazy market? A few people I reached out to told me that at my level of assets it is typically not worth to start an amateur adventure in real estate, and that I should just continue doing what I'm doing and this will get me to $10M later in life, which would allow me to live off my index funds dividends. + +What is the opinion of this sub? + +Thanks +1. Cut losses early +2. Move to breakeven +3. Partial close to cover +4. Let winners run + +IMO, this is trading, and ignorance of these principles will increase your risk and reduce your reward +I finished high school level Economics and learned about benefits and drawbacks of privatization. I was impressed about the pros (I learnt plenty examples on this), but I was not persuaded about the cons. + +Can you give any real life examples of drawbacks of privatization and, if possible, what have the policymakers done so far to limit them? +As an investor in US equities I have been frustrated by the rule changes that prohibit the purchasing of US ETFs that do not have KID. One way around this is to reassign as a professional investor with your broker but there are barriers to this and you lose some benefits and protections from being a retail client. + +The decision to ban ETFs under the EU's PRIIPs legislation doesn't make a lot of sense. ETFs have historically been one of the safest ways to invest money - forex markets, CFD's and spread betting are all riskier but they are not prohibited by the EU or the UK Government. + +Indeed one of the major uses of US ETFs is that it can be used to reduce risk by taking a position in many companies through one single product. This often suits retail investors because many of us are not forensic accountants and betting on sectors rather than individual stocks can be less risky. + +Brexit may have presented an opportunity to get this legislation changed. I am thinking about getting together a generic letter which copied by anyone who has been affected by this regulation and sent on to their MPs. Is that something we could work on and promote collectively through this sub-reddit? + +I see four things which are necessary. + +1. A well written letter explaining the benefits of the ETFs and the detrimental impact the PRIIPs legislation has had on retail investors. This would ask the MPs to raise the issue in Parliament through a written or oral question. + +2. A list of MP contact details that everyone could quickly access to send this letter to - this would include politicians at the Scottish, Welsh and Northern Ireland devolved parliaments. + +3. The creation of a UK government petition with 10,000 signatures to get a government response. + +4. A Twitter account controlled by a member(s) of this board which would tweet and promote our cause. + +Grateful for any thoughts. +Hi All, + +Today I encountered a really scary bug. I checked my portfolio on Hargreaves Lansdown and saw that it had lost 50% of its value overnight. + +Upon closer inspection it seems all my U.S stocks show close to 99% loss. Every single one of them. The amount also doesn't make sense at all. + +For example I have one share of Shopify (SHOP) and instead of my account showing £896 (share price is 1229 dollars), my account shows £12.29 (98% loss). + +Has this happened to anyone else? +A lot of us folks lost money when YouKnowWho took a u turn on his support for bitcoin after cashing in on some of the investment himself and in Tesla. + +We all in crypto so we should know, but in case you don't know what is happening Crypto, the All Rounder made a good video explaining what's going on: [https://youtu.be/emmLRR9bHcE](https://youtu.be/emmLRR9bHcE) + +\_\_\_\_\_ + +We proudly present to you a token which signifies the opposite of giving up on its supporters. + +Relaunched after spotting a mistake on the code, the devs could have easily cheated and ran away with money like YouKnowWho would do, but instead they chose to return the coins and strengthened the faith in its investors. + +This token is poised to fly and soar higher with huge and loyal community support. So join us in the movement! + +Tokenomics : +0.1% max buy/sell +10% tax total (to holders and LP) +40% initial burn (almost 50% burn as of now!) +5% dev marketing wallet +5% community wallet +$2M+ Marketcap +100+ Holders + +✅ Verified contract 0xd83cec69ed9d8044597a793445c86a5e763b0e3d + +📲 Telegram: [https://t.me/StopElon\_BSC](https://t.me/StopElon_BSC) + +🌐 Website: [https://www.stopelon.space](https://www.stopelon.space/) + +📈 Chart: [https://charts.bogged.finance/?token=0xd83cec69ed9d8044597a793445c86a5e763b0e3d](https://charts.bogged.finance/?token=0xd83cec69ed9d8044597a793445c86a5e763b0e3d) + +🥞 Buy (v2, slippage 12%, 0,1% max) : [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd83cec69ed9d8044597a793445c86a5e763b0e3d](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd83cec69ed9d8044597a793445c86a5e763b0e3d) + +We will rise and show him that he needs to be stopped +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +I started investing at the end of April this year, and learned about dividend investing soon after. And now with almost $3,000 invested I passed my goal of $100 a year. Even though its only a little over 8 bucks a month, im still very excited by this, and didnt think id get here so quickly. With all of my holding on DRIP plus weekly investments im hoping I can reach $150 by the end of the year, and $300 by the end of next year. Anyone else reach any personal goals recently? +I started investing at the end of April this year, and learned about dividend investing soon after. And now with almost $3,000 invested I passed my goal of $100 a year. Even though its only a little over 8 bucks a month, im still very excited by this, and didnt think id get here so quickly. With all of my holding on DRIP plus weekly investments im hoping I can reach $150 by the end of the year, and $300 by the end of next year. Anyone else reach any personal goals recently? +So with many companies normalising working from home, jobs that offer working from home is a lot more common now. Currently I WFH 4/5 days a week, looks like i will be getting an offer at another firm that is less flexible on the working from home part, not sure how much I should push for it to be worth 2 hours commute each day. What amount more would make it worth it to starting going in the office again? +In light of the long weekend that just passed, I'm wondering if anybody has considered (or tried) switching from a 5-day working week to a 4-day working week? Would many employers even allow you to cut your hours and keep your salary pro-rata? + +A 4-3 split between workday/weekend seems so much more generous than 5-2 in terms of work-life balance. A 4-day working week also supposedly leads to better productivity (and I know personally I feel much happier at work when I feel more productive). And with the way that progressive taxation works, the pay you'd be missing out on is the pay that is taxed at the highest rate for your income (in other words, even though you're cutting 20% of your full-time working hours, your take-home pay would be cut by <20%). + +Obviously whether or not this is a good decision would depend on personal circumstances; but in my case I've saved up plenty of money, work in an industry where >80% of my usual salary would still cover my financial needs, have worked for over a decade now and am happy with my career progression (I'd guess that working less than your co-workers may make it more difficult to land promotions), and if it isn't working out you could always switch back to regular full-time work. + +Very curious to hear other peoples thoughts and experiences with this. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! +I cant stop looking at my CC account showing a balance of $0.00! Paying it off was incredibly difficult and stressful. Many times I felt like it would never go away until I got it below a 1,000 dollar balance. Thats when it felt like the end was finally near. As a result of paying it down my credit score soared from low 600s to standing at 756. + +I paid 300 dollars a month on it, plus tax refunds each year. That extra money can now be saved and used to improve my quality of life dramatically. + +If you are in high CC debt. Just bear down and keep chipping away at it. It will feel hopeless at times but as the debt shrinks the payments start taking bigger and bigger bites out of that balance. It takes patience and grit and alot of discipline. But it is completely worth it! +**Question:** + +For people that are on/above their higher end FAT FIRE numbers, how do you structure your existence? Is the administration of living across multiple countries and keeping yourself tax efficient worth it? What countries do you reside in and how does it impact life, esp if you have kids? It is isolating? Are there people that do this for you? Currently looking at some combination of Portugal/US/Canada/Australasia/UK + +\[deleted personal details as less interested in my situation than what other people are doing\] +Hello all...I am a 26 year old currently working for a state agency making roughly 50k a year. As the title says, my dad just passed away and left me, the only person on the will, with $250k and our 5 bedroom home in the north east area (property taxes are out of control). Now that i crawled out from under my blankets and stopped hysterically crying for the past month, I dont even know where to begin with all of this. I am already maxing out my 403b roth account and I'm fully paid off with my car and college. I feel like $250k sitting in a savings account is a waste. What should i do first? How do i maximize this opportunity. My dad worked too hard to set me up, for me to waste this. side note: using a throw away account so no one knows who i am. +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! +**BACKGROUND** + +**Introduction**: This post is part of an early-retirement series. Biennial updates will be made around June 1 (near retirement anniversary) and January 1 (end of year finances). As these posts have become increasingly popular based on the number of views and comments, and as my desire to spend nearly an entire day on reddit has significantly waned, my responses might be limited. I’ll try my best to stick around for a bit, but please check comments and posts from previous posts to find answers to potential questions. I genuinely appreciate all of the positive comments, even though I might no longer take the time to say so individually. I apologize if I don’t remember you individually. The usernames and stories run together. Please remind me of a discussion we had or provide a link if it’s relevant to something you want to know. + +**Model**: I wish to maintain a portfolio that began in June 2017 at $1,025,772. My maximum withdrawal rate is 3% of each year’s starting balance, provided that the portfolio remains above $1M. My maximum spending rate is the maximum withdrawal plus income earned outside of employment for the sake of income. Should the portfolio drop below $1M, I will lock back into a maximum $2500/mo ($30k/yr) guardrail withdrawal until the market recovers. I realize that this is not the holy Trinity method, but consider these three factors that give us flexibility: a 3% withdrawal rate is below the 100% historically safe mark of 3.2% for fifty-year portfolio survival, the extended bull market has peaked us more than 20% above our $1M target (meaning that $36k annually is actually a 3% withdrawal rate if restarting from the peak); and our actual withdrawal rate is much less than 3% due to earning additional income and an unexpected $30k windfall in 2018 (placing our actual withdrawal rate well below 1%). The budgeted withdrawal amount for 2019 is $2638/mo or $31,656/yr. In 2017, it was $2564/mo ($2676/mo adjusted for inflation). In 2018, it was $2773/mo ($2834/mo adjusted for inflation). + +**Career**: I am a former retail pharmacist who hated both his job and profession for the following reasons: unacceptable amounts of stress, lack of civility from the general public, capitalism gone amok, fundamental disagreement with the overuse of pharmacotherapy as an answer for underlying health issues, and a severe opiate crisis that few have yet to appreciate. I attended college for eight years to earn a bachelors (1997-2001) and a doctorate (2001-2005) before joining the workforce for nearly twelve years (2005-2017, entirely with CVS). $150k in education costs were covered by academic scholarships ($25k), employment during college ($20k), prior savings from high school employment ($5k), revenue from an eBay business while in college ($10k), and massive help from my parents ($90k). My salary plus compensation went from $115k in 2005 to $150k in 2017. Our savings rate was about 70% on average. + +**Finances**: I retired at the age of 38 on June 6, 2017, the day before the twentieth anniversary of my high school graduation. I am married with no kids and generated over 95% of the family income while employed. We live in LCOL rural TN. Our asset allocation is approximately 60% VTSAX (total US stock market) / 20% VFWAX (total INTL stock market) / 20% VWLUX (US municipal bonds). We also hold roughly $400k in house, land, and belongings not included in the portfolio. My spending model places no dependence upon possible future employment (outside pharmacy?), social security ($10k/yr?), inheritance ($500k?), house equity (reverse mortgage with no heirs?), universal health care (probable?), or universal basic income (possible?). The final balance will be left to charities and worthy causes. + + +**YEAR TWO RECAP** + +**Spending**: Living expenses for the year came to $39,954. This is $7,353 over the targeted amount of $32,601. Our spending was 22.6% over budget for the year and 18.8% over since retirement. We generated $13,263 of income this year mainly from my wife wanting to work part time (not for money). Our investment withdrawal was $26,691 this year, thus our pro-rated, annually-adjusted withdrawal rate was 2.37% for the year, and 0.81% since retirement. Without the additional income stream, our annually-adjusted withdrawal rate would have been 3.68% for the year, and 3.56% since retirement. + +**Investments**: The portfolio went from $1,025,772 (year zero) to $1,146,164 (year one) to $1,138,092 (year two). This is a 0.99% decrease for the year, but a 10.95% increase from the start. Dividends included, VTSAX (60% AA) went up 1.48% this year; VFWAX (20% AA) went down 6.18% this year; VWLUX (20% AA) went up 6.58% this year. Overall, investments went up 0.97% this year. + +**Reflections**: A wild year for the market, but everything seems to be going as planned. We entered year two of early retirement at $1.146M on 6/1, peaked at $1.199M on 9/20, bottomed at $1.008M on 12/24, peaked again at $1.202M on 5/3, and finished back down at $1.138M. I can’t say that I ever gave serious thought to converting stocks to a more stable form of investment, but it did often cross my mind. Sure, I wish I had temporarily jumped out near the market peak, but I’m also glad I didn’t jump out in 2008/2010/2011/2015 when dart throwing monkeys were howling just as loud as ever. I don’t know how this imbecilic and unnecessary trade war nonsense is going to work itself out, but Wall Street definitely views it as imbecilic and entirely unnecessary. What I view as entirely unnecessary is the existence of a representative democracy that allows imbeciles to have an equal say with intellectuals. What I view as intriguing is the thought of wearing an infinity gauntlet, but that’s another story for another day. On the other hand (literally), this whole process doesn’t work without imbeciles, so maybe everyone can stay and report to rehabilitation camps instead. + +**Experiences**: I consider these to be the highlights of my second year in early retirement: ran over 2000 miles, broke three hours in a marathon for the third and fourth time (third one is my current PR at 2:48:30, fourth one was on the toughest road course in the southeast at 2:57:56 which is the course record by over 36 minutes), lowered my half-marathon PR (from 1:25:04 to 1:21:06 in October, then 1:19:57 in February, then 1:19:43 in April which was enough to win the state championship), set a personal record in the 1500m swim (finally getting under 2:00/100yd pace with the help of a wetsuit), took my first solo vacation in many years (went to New Orleans for a day and was bored to tears), played disc golf for the first time in over thirty years (better at this than normal golf), continued to write in my daily journal every single day since retirement without exception (focusing on weird dreams), took up the occasional evisceration of intellectually handicapped people who say stupid things in local facebook groups (no shortage of idiots in this part of the country), tackled all of my CE requirements (including 15 hours of article examinations in 45 minutes – broken system), became a certified volunteer ESL teacher for a semester with a nonprofit program (teaching intermediate level classes in English), volunteered in a voter registration drive at a small library branch (no one showed up), volunteered as a 1:30 pacer in a charity half marathon (always great to offer comedic relief when running at a pace that most people can only dream of), squandered hundreds of hours playing PS4 games (Final Fantasy XII: Zodiac Age, Final Fantasy XV, Dragon Quest XI, Ni No Kuni 2, Spider-Man, Fallout 4, Dragon Age: Inquisition, GTA V, and Persona 5 – I didn’t care much for Red Dead Redemption 2 or God of War – there were others that were quicker plays), increased my count to 650+ movies on TSPDT 1000 (including 430+ of the top 500), collected some more vintage sports cards (pictures of men with moustaches), completed and self-published my sci-fi novella (Remember I Was Vapour), interviewed for and dealt with the fallout from five media articles (more on this below), participated in an apparently abandoned 60-second doc on financial independence (not sure why it was ditched), participated in an apparently abandoned financial pharmacist podcast (perhaps I spent too much time degrading the profession instead of talking about the topic of the show – early retirement, if I recall the topic correctly), applied for and turned down a non-retail pharmacy job offer (applied on a whim and got an offer fifteen minutes later, plus a bad commute and onset of panic), helped my parents do repairs (roof, gutters, tractor, etc.), built a new mailbox (for UPS packages and such), did a lot of litter pickup (before this trendy but wonderful trashtag thing started), made preliminary but detailed itineraries for several future vacations (Japan #2, Japan #3, Denmark/Sweden/Norway, California #2, Portugal/Spain/Morocco, Uganda/Tanzania, Australia/NZ, Egypt/Greece, Finland/Russia, UK, Latin America, SE Asia), dealt with the brief emotional impact of having my best friend from ninth grade commit suicide (I’m fine, but seriously, don’t ask), and celebrated my 40th birthday by doing a blitzkrieg of stuff that I loved growing up. + +**Media**: I was featured in two NYT articles, two Business Insider articles, and one Big Think article. I even created a blog for the sole purpose of getting some amazon click-thru revenue from those NYT articles. Three of my real-life friends saw the first NYT article (style section) without me mentioning it to anyone I know. However those articles failed to include a proper link to my blog because some idiotic web designer didn’t know what the hell he/she was doing. You would not believe the amount of incompetence and the explanations I was getting from that end. Sorry, I don’t feel like reliving it in detail. They eventually fixed their mess, but it was far too late to make a difference for traffic flow. Still, this didn’t stop a legion of people from stalking me on strava and facebook. I had to politely turn away most of the people who wanted to meet up, but I made time for most fellow marathoners, pharmacists, and redditors. Hopefully my fifteen minutes have passed. I might shut down the blog because I don’t really do anything with it. I refused pictures, and I’m glad I did since they successfully made the participants look like total douchebags. And coming from me, that’s saying something. + +**Routine**: Comparing my daily habits in year two compared to pre-retirement, I increased my swimming (currently on hiatus), weightlifting (on hiatus), volunteering (on hiatus), hiking (several treks), movie watching, puzzle solving, family time, housework, yardwork, cooking, kayaking, stargazing, socializing, painting, bowling, videogame playing, reading (20-30 books), writing, studying astronomy, napping, and watching television (Game of Thrones, Arrested Development [new seasons], Cosmos [fifth time], Parts Unknown). Things I failed to make much progress on were learning to play an instrument (lack of talent and interest), improving my Spanish and Japanese (other than ESL class – and I pushed the second three-week Japan vacation back again to 2021), being able to bench press my body weight (tough hill to climb, and running takes all of my energy), helping fight the opiate epidemic in online discussions (dealing with imbecilic addicts who know nothing beyond anecdotes, personal attacks, and fallacious logic is wearisome), reducing internet time (tough to turn away when a particular group is responsible for the moral and intellectual erosion of the country), and deconverting religious adherents (taking a long break). + +**Upcoming**: What lies ahead in year three? I plan on running 3000+ miles and participating in a few more races before leaving competition (including a return to the 10-miler that I placed 50th in four years ago, now with hopes of an overall victory and a nearly certain 40+ category victory). I hope to help a friend of mine earn his first sub-three marathon and subsequently accompany him to Boston in 2020 as my final competitive race, but that’s mostly up to him. I would like to break five minutes for the mile (probably will not happen) and 2:45 for the marathon (should be in the bag on the next attempt). I have indefinitely postponed plans for a triathlon due to a total lack of interest in competitive cycling and swimming (and a lack of preparedness by the guy I was going to participate with). A two week trip to Alaska/Washington/Victoria including an overnight backpack in Denali is coming up very soon. Perhaps there will be another trip somewhere in the spring. I’d like to expand the novella to a novel or convert it to a movie script. I’d like to hit 700 on TSPDT 1000. I’d like to bowl a 600 three-game series. I’d like to solve Rubik’s cube in less than one minute. I’d like to expand my understanding of relativity and quantum theories. I need to find some new things to do because it kinda feels like I’m running out of ideas. I need to get out of the house more. I need to worry about volunteering less and focus more on doing things for myself. I need to worry less in general, but I also want to continue making small improvements to the world. I want to enjoy life. I want to do whatever the fuck I want. And I shall. Right after I finish answering some idiotic questions. +Did anyone else find todays rally worrisome? I mean, I know bear market rallies can be big, but a rally like this off the tails of potential liquidity issues at a major international financial institution? I have a feeling tomorrow might be a blood bath in the other direction. What is everyone’s thoughts? +Think about it. If FTX had millions of GME shares on the books backing their token 1:1, why weren't they listed as an insider on SEC documents? Even if they only had a few hundred thousand shares, they would still show up on a Bloomberg terminal as a major shareholder. Yet in two years, we've never seen them listed once. Is it possible that maybe all the Brazilian puts or the synthetic shares created using DOOMPS and options (or other methods) were how they "backed" GME on FTX? If the locates were tokenized shares on a crypto exchange, whats stopping them from creating fake shares via options or some other method and using those as backing for the token which then let SHF use the tokens as locates. + +Basically, TL;DR, I wonder if they created the synthetic shares for FTX to use as their backing for the GME token (and not being forced to report these positions), and then SHF used the token to short the stock endlessly as they now had a "legit" locate. I'm sure swaps play a role here but I've no idea how. +Don't have kids until you have a good paying job and at least a year's worth of expenses in cash savings. + +No matter how long it takes. + +(Please don't be offended by this. People often say this is eugenics or people targeting poor people etc, but the honest unbiased truth is that having children while struggling yourself almost always guarantees that not only you, but your child will continue to be poor. Instead focus your time, energy, and resources on building a secure and financially solid life for yourself) +Looks like this is after effect of luckin coffee, many of China based companies listed in US exchange gets their result audited by Chinese auditors but US watchdogs can't see their books. + +Ref: [https://www.bloomberg.com/news/articles/2020-05-20/senate-passes-bill-to-delist-chinese-companies-from-exchanges?utm\_medium=social&utm\_campaign=socialflow-organic&utm\_source=twitter&utm\_content=tv&cmpid%3D=socialflow-twitter-tv](https://www.bloomberg.com/news/articles/2020-05-20/senate-passes-bill-to-delist-chinese-companies-from-exchanges?utm_medium=social&utm_campaign=socialflow-organic&utm_source=twitter&utm_content=tv&cmpid%3D=socialflow-twitter-tv) +&#x200B; + +***Pidilite is the largest adhesive manufacturing company in India. The company started its operations in the year 1959, with its most popular adhesive brand named Fevicol and since then it has established its presence in 80+ countries across the world***. + +* The company’s shares have 52 weeks high of INR 1709 and have a total market capitalization of INR 644 billion which makes it a Large-Cap company. +* ***The company now manufactures adhesives, sealants, pigments, Industrial resins, construction and Paint chemicals etc. It currently has a portfolio of 500+ products.*** +* Pidilite Industries have a total of 23+ manufacturing plants in India and a solid market presence of over 6 decades. The company has expanded into 18 international and 9 domestic subsidiaries and has established 8 R&D centres. +* The company owns some well know brands like Fevicol, M-seal, Dr Fixit, WD 40 etc which has a strong awareness in both consumer and industrial segments. The focus of the company is on-brand premiumization and Innovation. +* ***Some of their brands like M-seal has 70% market share in the plumbing segment and Dr Fixit has achieved 98% top of the mind awareness among consumers.*** +* Pidilite’s market dominance is also near-monopolistic in Fevicol and M seal brands which contribute to a major portion of the revenue + +***I have evaluated the company on 10 fundamental categories and each has been given a rating out of 5 stars. From this, I have arrived at a combined stock rating for the company.*** + +***This is the summary of the analysis. For details check the source link.*** + +***Source:*** [***Pidilite Shares Fundamental Analysis and Future Outlook***](https://billiondollarvaluation.com/pidilite-shares-fundamental-analysis-and-future-outlook/) + +Some insights for the coming years from management discussion & analysis (MD&A) and con calls are as follows. + +* ***The COVID-19 outbreak will have a negative impact on sales across the countries. Exports will also see a significant decline. The demand for industrial adhesives will recover only after manufacturing companies start operating at their full capacity.*** +* Pidilite will also benefit from the fall in the crude oil price as it constitutes a major portion of raw material cost. The actual impact will only be seen after the factories start operating. +* ***Pidilite acquired a stake of $30 million in HomeLane due to evolving market dynamics and innovation. The company has an interest in interior design space and wants to be part of the changing landscape due to technology.*** +* Tile adhesives are doing good with the category sales growing at a fast rate. The product is witnessing higher market acceptance with consumers increasingly switching from cement to tile adhesives. + +The company shows promising growth opportunities once the temporary disruption due to COVID-19 clears. + +***Therefore Pidilite seems to be a fundamentally good stock for investment over a long term horizon.*** +🔒79 Years Locked Liquidity, 100% RugProof +👥Team is Fully Doxed - LinkedIn Profiles, Live AMA On YouTube +✅Ownership is Renounced - Proof ON Telegram + +Addax Dapp Platform Development + +Design [In Progress] +We are currently working on a mock up example of the DApp. We will aim to make the DApp as user friendly as possible in addition to aesthetically pleasing. + +Front end +The graphical user interface (GUI) is the front-end where the users can interact with the back end. + +Live Charts +A service which allows you to track the real time value of every other tokens built on the BSC network (BEP20 Tokens On PCS). + +Limit Orders and Stop-Losses +A “LIMIT” order allows you to set your own price to buy or sell. If the market reaches your limit price, your order will be executed. However, if the market does not reach your limit price, your order will not be executed. +A trading tool designed to limit the maximum loss of a trade by automatically liquidating assets once the market price reaches a specified value. + +Sniper +A trading tool that places a buy order which will automatically execute when liquidity is added to the PancakeSwap. + +Swap Tokens +An exchange platform that facilitates the trading of cryptocurrencies for other assets. + +What is Addax? +Addax is a charity token that will donate towards global initiatives which tackle real world problems such as climate change, famine, public healthcare, poverty, children in need, education, gender inequality, marine conservation and wildlife conservation through every transaction. It will be the first charity token to support multiple international charities in addition to being the first charity token used as a payment option for goods and services. + +BSCScan Link: https://bscscan.com/token/0xce666d0e507c5f2afe0671ee29a99cfa97954c48 +Token Distribution: +TOTAL TOKEN SUPPLY: 500,000,000 | 100% +PRESALE LISTING: 250,000,000 ADX | 50% +PANCAKE SWAP LISTING: 210,000,000 ADX | 41% +MARKETING: 14,000,000 ADX | 2.8% Unlocked +TEAM: 21,000,000 ADX | 4.2% Locked 6 Months +DXSALE & PANCAKE SWAP FEES: 5,000,000 ADX | 1% + +Team Token LOCKED Proof: +https://dxsale.app/app/pages/dxlockview?id=0&add=0x6AAcdA0733c7E405489D3544f8Eaa4D0f8A6B92E&type=tokenlock&chain=BSC + +Transaction Fees: +3% Of every transaction is converted to BNB and sent to the selected international Charities +2% Of every transaction is converted to BNB and used for Marketing and for the Team +2% Of every transaction is Redistributed between Holders of the Token +2 % Of every transaction is Burned +Total Transaction Fee: 9% + +Telegram: https://t.me/AddaxToken +Website: https://addaxtoken.com/ +WhitePaper: https://docs.google.com/presentation/d/1PNaM1QmeBJ5NqXfrkXzC8jPDFRH8iDC-kG1586VYhB4/edit#slide=id.p +PancakeSwap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xce666d0e507c5f2afe0671ee29a99cfa97954c48 +I've mentioned previously that I don't like to look too far ahead, so this deals with 2022 only. +I talked about how I expected prices to rise into the Chinese New Year in [other posts](https://www.reddit.com/r/ASX_Bets/comments/oz28m2/comment/h7zyjnu/?utm_source=share&utm_medium=web2x&context=3), which I'm now thinking could draw out longer. During the last run, the lithium carbonate spot price stayed at US$19k/t or higher for 2.5 years. + +It's easiest to do this as a rebuttal to the most pessimistic lithium analyst: Morgan Stanley. +Here's their report: + +https://preview.redd.it/8gsmvk96fxv71.jpg?width=1073&format=pjpg&auto=webp&s=b6f4fc9d868a975b35bae654f7ec6cb13dbdb3d4 + +MS don't include annual overall battery grade lithium carbonate equivalent (LCE) demand totals.They are: + +* **2020:** \~300,000 tonnes +* **2021:** \~460,000 tonnes (MS's 53% increase estimate) +* **2022:** \~566,000 tonnes (MS's 23% increase estimate) + +In 2021, the market has moved into a suspected 10-20k tonne undersupply. +Using the lower end of that range to be conservative, and adding it to the 2022 MS forecast of 106,000 additional tonnes of demand, I get: +10,000 + 106,000 tonnes = 116,000 of unmet LCE demand in 2022. + +MS identifies the following sources of notable supply: + +* Kwinana (Tianqi & IGO @ Greenbushes) +* Ngungaju (PLS plant 2) +* Wodgina (MIN & Albemarle) +* Atacama (SQM) + +They seem to be lumping the Greenbushes tailings retreatment plant (TRP) into the Kwinana category, so I'm going to increase their 22ktpa supply forecast to 34ktpa (assume 10% failure rate). This accounts for the TRP being introduced to the market as either spodumene or lithium hydroxide. + +There are 2 glaring omissions for Albemarle: Silver Peak & La Negra. Last year, Albemarle stated they were bringing on 40ktpa of LCE in 2022. That was revised downwards in their most recent [earnings call](https://www.fool.com/earnings/call-transcripts/2021/08/05/albemarle-alb-q2-2021-earnings-call-transcript/): + +>**Joel Jackson (BMO Capital Markets analyst)** +I think you talked about maybe gaining about 30,000 tonnes LCE volume for next year with the different expansion ramping on. Kemerton 2 has delayed a few months maybe you've been pushing it a little more tolling now this year. Is it about 30,000 tonnes still the right number for next year? +> +>**Eric Norris (Albemarle President)** +So, Joel, I mean, I think it's -- you have to break it down. First of all, I don't think we've said 30,000 tonnes. We've talked about ramp rates on plants. So the Kemerton plant with a start-up in the early part of next year, there is a three-month delay to the second unit.We've talked about getting to full run-rate capacity by the end of the second year in that facility. Similarly, in carbonate, you'd see a phenomenon that is somewhat like that. I would say our run rate for carbonate by the end of '22 will probably be at the 30,000 run-rate basis at the end of the year, that ramps. It's a little bit different, ramping brine versus spodumene because Brian is obviously a harvested material versus a fixed input.But that roughly should -- between those two should be able to calculate sort of our guidance. The change would be a slight delay at Kemerton. And then a year-on-year growth that we can achieve in tolling. And that's going to be it's harder for us to predict now because it's a function of what's available in the market for us to toll with. +> +>**Kent Masters (Albemarle Chief Executive Officer)** +Yes. It's also a function of how fast we ramp up, right, so how well commissioning goes. And then there's -- when you'll commission, you'll be able to make products, but at lower rates, and that will ramp up over time, and it's how well we do in that ramp curve. And it's hard to speculate on that. + +Tolling refers to the practice of supplying product to rivals (balancing under/overproduction between them). It's murky, but the gist seems to be "expect up to 30ktpa of LCE some time in 2022". + +With regard to the recently announced [Wodgina restart](https://clients3.weblink.com.au/pdf/MIN/02440344.pdf), I've spoken previously about [qualification periods](https://www.reddit.com/r/ASX_Bets/comments/qd3h5c/comment/hhkmtre/?utm_source=share&utm_medium=web2x&context=3). That *should* prevent Wodgina product from impacting the market in 2022. However, that qualification period won't be necessary if they sell spodumene on the market. The MIN/ALB joint venture hasn't clarified anything yet, and their strategy will probably define the lithium supply/demand balance for 2022. + +As LCE facilities don't run at full capacity, a 10% penalty will be applied to all of these sources of new supply for 2022: + +* 17,000tpa by H1 2022 (PLS Ngungaju) +* 34,000tpa by H1 2022 (Greenbushes TRP (IGO/Tianqi/ALB) +* 27,000tpa by H2 2022 (La Negra & Silver Peak Albemarle projects) +* 40,000tpa by H2 2022 (SQM) +* 30,000tpa by Q3 2022 (Wodgina) **\[unlikely sale of spodumene product\]** +* 00,000tpa by Q4 2022 (CXO commissioning) +* 00,000tpa by Q4 2022 (AGY commissioning/qualification) +* 00,000tpa by Q4 2022 (Lithium Americas commissioning/qualification) +* 00,000tpa by Q4 2022 (PLS construction of 100ktpa expansion) + +So 17 + 34 + 27 + 40 = 118,000 tonnes of optimistically predicted supply coming online to satisfy a conservative 116,000 gap. + +Morgan Stanley originally predicted H2 2022 Chinese spot prices at US$8k/t. They've now moved to US$13k/t in this latest assessment. Their thesis rests solely on the Wodgina decision, IMO. Regardless, Kemerton can't come online properly before Q3 2022. Throughout the year, demand will come in chunks, but when is uncertain. +Though I originally somewhat agreed with MS's argument of prices calming from Q2 2022, I think it's doubtful now. I don't see any huge downward pressure between March and June '22, unless a big player has been stockpiling behind the scenes, which is unlikely. + +Morgan Stanley's forecast of US$19,500/t for the current quarter has been swept aside. Prices are broadly hovering at about US$30k/t: + +[Chinese lithium carbonate spot prices over 2+ weeks \(RMB\/t\)](https://preview.redd.it/j3txtkijxnx71.jpg?width=1839&format=pjpg&auto=webp&s=57992c11c3bf1e5b5fab6b3f97f2cbaf58eb8ef3) + +I suggest that anyone with serious investments in lithium should be watching [these prices](http://tsl.100ppi.com/), rather than using reporting agencies on a two week delay. Sharp movements can happen in days. + +If prices do retreat, it may have serious consequences for stocks that are operating at outrageous PEs (relative to the mining sector). I'll adjust my peer comparison table PEs when I see softness. +For hard rock producers, I believe moving up the [chain](https://www.reddit.com/r/ASX_Bets/comments/qclw98/comment/hhh0tx3/?utm_source=share&utm_medium=web2x&context=3) to midstream or downstream processing, [as PLS have done](http://www.pilbaraminerals.com.au/site/PDF/10a8e50d-e409-4c8e-912e-77c57fa63fef/PilbaraMineralsFinalisesAgreementsforPOSCODSJV), is critical to counter potential pricing weakness. The brines should be more resilient. + +There's been valid criticism on here that some/many lithium specs have run too hard, which I agree with in theory, but don't necessarily expect that they'll show much weakness this year without a catalyst. +In general, I'm against blanket statements like 'lithium has peaked'. Stagnating/retreating prices should adversely affect most stocks, but I think well chosen specs should still bloom in an environment where spot prices are above US$20k/t. Of course, the market is sentiment driven, and events like Evergrande could have a notable impact. + +**Why I think MIN & ALB won't sell spodumene:** +Albermarle control 60% of the MARBL JV, so selling Wodgina spodumene on the market at US$1500/t would see them make no more than about US$150mill pa. +They plan to have 125ktpa of LCE capacity by the end of 2022. A decline of US$1500/t in the LCE price would erase the entirety of their net profit from the spodumene. +And if Wodgina spod were to bring the market into slight oversupply in 2022, it would result in a larger LCE drop than US$1500/t. They'd be mad to do it. + +**Edit:** updated lithium carbonate spot prices +EDIT 2: BBBY hit threshold on 8/16. BUCKLE TF UP! + +EDIT: WATCH THIS INTERVIEW W DR TRIMBATH AKA QUEEN KONG [https://www.youtube.com/watch?v=0lGD-ZnXvEc](https://www.youtube.com/watch?v=0lGD-ZnXvEc) + +Sup crayon munchers? My Mom just let me out of the basement for my daily hour of screen time, so let’s get to it. + +**TLDR:** You have 34 days to DRS your shit + +**Ryan’s Warning:** + +https://preview.redd.it/bqa28pucr6h91.png?width=889&format=png&auto=webp&s=09ae7c40bc318031b45fdd0326a35e111022b523 + +https://preview.redd.it/vu3nclikr6h91.png?width=881&format=png&auto=webp&s=df00697b944e5ddbc3a16002dfb838fbabbfee75 + +He’s not leaving much up to the imagination here. If you want to put an end to the Wall St manipulation then YOU are the share recall. If you want to make sure your moon tickets are safe, then DRS! + +I wrote a silly anecdote on my other post about how I thought of the timing of these upcoming events, but the mouth breathers took it out of context, so I’m gonna just stick to the point here. + +&#x200B; + +**Why is 34 important? 2 things:** + +1. Ethereum’s merge is scheduled to complete in 35 days +2. T+35 trade settlement + +“*But Jango, all those cycles never work out!”* Not so fast young Ape. I’m gonna take you back 84 years ago when you were still pissing the bed & suckling from your momma’s teet. + +On 12/8/2020 GME entered the Reg-SHO threshold list. 35 days later the stock opened at $20.44 and rocketed up 90% to a high of $38.6 on 144,501,700 volume (2x shares outstanding). The stock continued to rise exponentially until Wall St made the biggest mistake in history by removing the buy button. + +&#x200B; + +**Ok hold on, what’s Reg-SHO?** + +It’s what keeps Hedgies up at night. Per Investopedia: [https://www.investopedia.com/terms/r/regsho.asp](https://www.investopedia.com/terms/r/regsho.asp) + +Now here’s the requirements on closing shorts. Our favorite Pomeranian u/Criand colored this for us many moons ago. + +&#x200B; + +https://preview.redd.it/ta9lrmgqr6h91.png?width=975&format=png&auto=webp&s=b7dd793dc519e763c49efbea4dc3e31fe536bde0 + +There’s a ton of good research on Reg-SHO and its shortcomings by Dr. Trimbath, and I agree that like most of our financial system it is shit. It has several settlement dates listed but AFAIK if the shorts ask “pwetty pweez can I haz some more time?” they are able to extend out to T+35. Longer it takes, the more I buy. Which leads us to the ticking time bomb, & RC’s ace in the hole: BBBY. + +&#x200B; + +**BBBY IS ABOUT TO HIT REG-SHO** + +As we all know by now, at least some of the short position against GME is in a basket of brick & mortar co’s, including BBBY, leading RC to buy-in and profit off of MOASS without selling his GME shares. Using the most current FTD data for July (Someone buy the SEC some fucking coffee so we can get this faster), I calculated an average FTD rate of 4.03% daily volume. + +&#x200B; + +https://preview.redd.it/1lzw8u6tr6h91.png?width=791&format=png&auto=webp&s=e8e815f1d935ebf0f27117571dae8d825124ac52 + +In the past 5 days, BBBY has traded entire shares outstanding almost 5X. If we apply a 4% fail rate to daily volume, this easily clears the benchmark of .5% FTD of total shares to qualify for Reg-SHO. + +&#x200B; + +[\\"Those are as good as shares sir, they're IOU's!\\"](https://preview.redd.it/svgpcrjur6h91.png?width=866&format=png&auto=webp&s=946b349c56f07836dd330b42908c42882b1efe04) + +If BBBY follows the same path as GME, we should see a huge move up on September 15th. What happens after is uncharted territory, cuz ya know CRIME.. + +*But Jango, this is a GME sub, wut have to do with us?* + +Have you been living under a rock? OUR CHAIRMAN bought 9.8% of the company @ $15.34/ share, has a metric shit ton of calls, and he just kicked the CEO to the curb. He brought on a whole new Board of Directors who are giving forward guidance by the end of month (BABY spin off?). Over 100% of the float is shorted (sound familiar?) Oh and the media is giving it the “Forget GameStop” treatment too: [https://finance.yahoo.com/news/bed-bath-beyond-dumpster-fire-out-of-business-181505056.html](https://finance.yahoo.com/news/bed-bath-beyond-dumpster-fire-out-of-business-181505056.html) + +&#x200B; + +[How much coke you think this guy does in a day?](https://preview.redd.it/59q8yjkyr6h91.png?width=972&format=png&auto=webp&s=f75df35fb0e46079129181856405c14f791a8fcd) + +&#x200B; + +[seriously, how much coke?](https://preview.redd.it/xowyso91s6h91.png?width=953&format=png&auto=webp&s=23e6678764063c113cad82d216b82e10eab2e92e) + +&#x200B; + +In summary, I think BBBY is a huge part of RC’s master plan but this alone isn’t enough to trigger MOASS. Think of BBBY short settlement as Gohan lending his strength to Goku (GME) to drop the Spirit Bomb on Wall St cucks. I am in no way shape or form encouraging buying this over GME, I think this is already set in motion. GME is the only MOASS. Now what else did I say is happening September 15th? + +&#x200B; + +**THE ETHEREUM MERGE** + +IMO this is the biggest catalyst we’ve had since the discovery of DRS. Ethereum is the backbone of the alternative financial system, the Fed Killer if you will. GameStop has been waiting on this and has positioned itself to be the go-to Marketplace that will be home to ALL Intellectual Property. Games, Movies, Music, Art, Podcasts, and potentially tokenized securities. + +The Merge is the transition from Proof of Work (crazy energy cost like C eye A buttcoin) to Proof of Stake. In the smoothest of summaries this means: + +1. Cheaper to use +2. Faster +3. More Secure +4. 99.9% more environment friendly +5. Staking rewards +6. No mining-sell pressure + +This is a massive transition that has been many years in the making. With everyone in the world besides us hoping GameStop will fail, it only makes sense they would wait for its blockchain to be fully functional and upgraded before releasing. + +Here’s more info concerning the merge: [https://ethereum.org/en/upgrades/merge/](https://ethereum.org/en/upgrades/merge/) + +&#x200B; + +**Will this be enough to ignite MOASS?** + +It damn well could be. If I’ve learned anything from this saga its: + +1. Don’t fuck with gamers +2. Ryan Cohen most definitely does not have a small wee wee +3. Ask what you can do for your company + +I believe the full launch of the marketplace will surpass even the highest of our expectations, and it’s very likely that it will be paired with something Wall St isn’t expecting. Tokenized stock exchange, spin off of GMErica, take your pick of theories.. Here’s one of my favorite DD’s from u/sharkbaitlol about the potential [https://www.reddit.com/r/Superstonk/comments/pe37k7/the\_gme\_warpath/](https://www.reddit.com/r/Superstonk/comments/pe37k7/the_gme_warpath/) + +&#x200B; + +**Conclusion** + +I believe RC has lit the beacon for MOASS and gave the final warning to DRS. If you haven’t seen enough evidence of fuckery to DRS at least part of your position by now, then idk what to tell you. I am not calling for MOASS to happen specifically on this day, but I believe these are 2 potentially huge catalysts and I sure as hell wouldn't want my shares in slimy ass street name when it goes down. The music is stopping and Wall Street is about to be left holding the biggest bag of odorous excrement ever assembled in the history of capitalism. People will be looking for answers when Wall St blows everything up again. Are you ready to show them the way? + +PS: You should check out what happened on 9/15/2008. Rhymes w Semen Brothers. +Most of us are in crypto so we can make money and someday live off passive Income. Apart from that have a comfortable life without worrying about money . + +Gazing at charts the entire day defeats the purpose . In the long run Crypto is going up at least BTC and eth are. Buy a coin you believe in , stake it and let it grow and take profits when you need it. + +The goal is to stop working for money and do things you like , stop looking at charts and checking your portfolio and go do something else and let your money grow. + +There is no point in checking charts all day unless you are trading . Traders go ahead , but holders just keep putting money , stake it and let it ride. +If there's one thing this pandemic has taught us, is that we cannot always rely on our salaries or business incomes forever. When an economic crisis hits, everyone feels the pain. That's where one's emergency fund comes in to play. + +While a lot of websites have basic information on the need and use of an emergency fund, I'm unable to find any resources that can lay out a basic composition that should be followed in order to build such a fund in reference to Indian markets. + +Generally, with an emergency fund the key requirement is liquidity. If your fund is able to beat inflation, that's an added bonus. + +My questions are + +* 3 months, 6 months or 1 year, what kind of expenses should you cover? +* Liquid funds are often recommended for an EF. Are liquid funds really safe? If not, what's the alternative? +* What should be a general composition to be followed when building your EF? i.e., % of FDs/RDs, Mutual Funds, Gold/Silver and cash? +* Also, how to maintain such an isolated fund and avoid mixing up with your active investments? +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 ultimate goal of Hedgies was Gamestop going under so that they could maximize profits, so they were holding their shorts tight, even not realizing massive profits, with eyes on the ultimate goal. + + +And on the opposite side are the longs, that (mostly) just wanted to make some quick money off a yolo play, and saw one of the biggest shit shows of the last couple of years unfold before their eyes. I believe most of them didn't expect it to develop as it is developing now, and didnt initially plan on holding GME for so long. Well, I, personally, like the stock, and do now. + + +And let's be 100% real, Hedgies have the ultimate skin in the game. It's absolute victory or absolute defeat now. If they fail, it's bankruptcy and possibly jail time. They're fighting for their lives, so no one is surprised they'd try every trick - legal or not - in the book to win. + + +But they're not going to win. I like the stock, lots of others like the stock, so much so that there's not a whole lot of stock left. But they're trying, and they'll keep trying to drive this ship to the ground as long as they stand. So now, Hedgies, if you're reading this, look at me. You're the one going to the ground now. + +I maximize my profits when this ship goes to the moon, and it only goes to the moon when you stop driving the price down, when you're forced to cover. So the thing you were hoping would happen to GME, I'm waiting for it to happen to you. + +Don't go into the stock market without clothes, someone is going to want a piece of your $ASS. +So, first of all, this is just speculation but it fits so well... + +&#x200B; + +Today we had a nice run to 105$ without much of a resistance. + +But then the price was smashed back down violently. + +As it turns out, IBKR had a warning message up that said: + +>HK and Chicago based clients were unable to trade. + +I witnessed it but deleted the screenshot when I saw that [u/Hot\_Dog\_Dudeson](https://www.reddit.com/user/Hot_Dog_Dudeson/) beat me to posting it. :) + +[https://www.reddit.com/r/Superstonk/comments/sd7rkl/something\_is\_fishy/](https://www.reddit.com/r/Superstonk/comments/sd7rkl/something_is_fishy/) + +The run up was just within the few minutes when Chicago trading was blocked and the smash down was triggered the minute trading was back up. + +&#x200B; + +Now, remember when the SEC posted this tweet? + +>The SEC can suspend trading in a security if it demonstrates that the action is in the public interest and necessary to protect investors. Find out more about trading suspensions. + +[https://twitter.com/Chicago\_SEC/status/1485712768451895307](https://twitter.com/Chicago_SEC/status/1485712768451895307) + +Does somebody know a guy from Chicago who may be responsible for keeping the price down? + +Just a coincidence I guess. + +&#x200B; + +But then there's this statement today where gamestop was explicitly named again. + +[https://www.sec.gov/news/statement/gensler-january2021-market-volatility-012622](https://www.sec.gov/news/statement/gensler-january2021-market-volatility-012622) + +And somehow there was another SEC tweet yesterday, regarding liquidations... + +[https://twitter.com/Chicago\_SEC/status/1485992119533776904](https://twitter.com/Chicago_SEC/status/1485992119533776904) + +&#x200B; + +There's just too many coincidences right now. + +Guys, I think we're very close. + +**Buckle the fuck up.** + +&#x200B; + +Edit: I suck at formatting + +&#x200B; + +Edit2: + +Just to clear that up for the new readers: + +I'm not talking about the whole trading day. +It's about the first run-up to 105$ in the morning. +Everything afterwards is the usual fuckery I guess. + +When I first applied for this job I was offered $12 an hour, well I got my first pay check and it says regular wage $11. I know this isn't a big difference and it's just a part time job but Is this something I should talk to HR about? + +Edit- Thank you to everybody who commented, I went in and talked to HR services about it. I did not have any proof that I was offered $12 with me but since I work over night that is the starting wage. They apologized for the error and fixed it to the correct amount. +..is not "are you lending out my shares?" + +Because they're technically not. Technically, the brokers or the central depository own the shares, not you. So when you ask this question, they can truthfully (well...) answer No. Because you don't have any 'my shares'. + +So what we should be asking is: + +"Are you in any capacity engaged in using as collateral, lending or pledging the shares that I have bought the beneficial rights for?" + +This way they can't snake around the question. They are obligated to answer truthfully, especially in writing. +Let's frame those questions smarter from now on. + +DRS is the only way. This post should probably have been made months ago. + +D.R. your goddamn S. + +Edit: Since this blew up, I would like to point out two things: first off, this was in no way meant as a distraction from DRS. If you haven't directly registered yet, you know what to do. Gogogo! + +Second, with credits to the following comments by u/mollila and u/ThrowRA_scentsitive, it appears that even this rephrased question could also be dodged because shares are considered *fungible*, that is, exchangeable like a dollar bill and not unique. So there isn't really any "your shares" or my shares anywhere - *unless you direct register in your own name*, of course. + +https://www.reddit.com/r/Superstonk/comments/r6dd07/comment/hmt7uco/ + +https://www.reddit.com/r/Superstonk/comments/r6dd07/comment/hmsyc1m/ + +Edit 2: it appears the whole stonk market is a game of hot potato, but now the apes are keeping the potatoes and writing their names on them. Brokers are terrified because some day, they're gonna be all out of potatoes to pass around as real shares +I changed careers in October making $1 more an hour. I miss my old friends so bad and I was worried I made a mistake. + + +I got a $3 raise and cried at the news. It's an extra $500 a month. This is life changing + + + +More info: I left my job of five years to a less stressful position where I make more money. I work retail +https://twitter.com/reutersbiz/status/978281316516024320?s=21 + +https://www.cnbc.com/2018/03/26/ftc-confirms-facebook-data-breach-investigation.html + +> "The FTC takes very seriously recent press reports raising substantial concerns about the privacy practices of Facebook. Today, the FTC is confirming that it has an open non-public investigation into these practices," the agency said in a statement. + +> The FTC declined to confirm last week that it was investigating Facebook and whether it violated a consent decree the tech company signed with the agency in 2011. + +> The consent decree required that Facebook notify users and receive explicit permission before sharing personal data beyond their specified privacy settings. + +> A violation of the consent decree could carry a penalty of $40,000 per violation. + + +>Following NVIDIA’s positive first fiscal report, green stocks have hit an all-time time high of $361 per share. A few days back,[ *NVIDIA reported its first-quarter earnings*](https://www.hardwaretimes.com/nvidia-posts-a-solid-q1-as-data-center-revenue-grows-by-80-yoy-to-1-billion-gaming-by-27/), satiating both investors as well as industry analysts. NVIDIA’s overall revenue grew by 39% YoY, bolstered by a strong data-center business and a healthy gaming market. Both markets saw notable gains, but the former was the highlight with a massive growth of 80% YoY, crossing the $1B mark for the first time. + +[https://www.hardwaretimes.com/nvidia-shares-reach-all-time-high-as-notebooks-account-for-30-revenue/](https://www.hardwaretimes.com/nvidia-shares-reach-all-time-high-as-notebooks-account-for-30-revenue/) +Y’all so good about multiple alerts per day on the way down, where you at on the way up? Fuck you Vlad! You greasy bitch. + + +Edit: I currently have 0.2 shares on RH. Once they IPO, I’m out. + +Edit 2: Thursday 4/15/21 8:42 AM FINALLY A NOTIFICATION *”GME is down 4.9%”* +I know a lot of people will say that "It is crazy to take a pay cut for a remote job, you are taking on their costs working from home", but hear me out. + +A few years ago I joined Large Company which gave me the biggest raise of my career over my previous job. The first year was rough, the boss I had was horrible and their Covid policy was whack (was exposed many times and they never let employees know). However, after that first year I was able to join another team working mostly remote (go in to the office once every 2 months). + +During this time I bought a house an hour away since the remote work seemed to be there to stay. Life has been much easier, cost of living is lower for me where I am now, and I am in a great place financially (only my home loan, no other debts). + +However, in the last few months the attitude of the company and managers has shifted to requiring employees to start returning to the office. While I am still remote, it is literally months before I know I will have to return, and drive an hour or more each way. I don't hate my job, I actually love my team and the work (while sometimes boring) keeps me busy. + +Enter Small Company offering a job that is local (office is 10 minute drive) and promises indefinite fully remote work. I was contacted by a hiring person at Small Company and after a few rounds of interviews, I have been given an offer of about 6% less than I currently make and a 3% hiring bonus. On one hand it will suck to lose that 6%, but on the other I am already living well within my means and having a guarantee of remote work seems really enticing. + +I did negotiate the offer and that is about as good as they can go. + +Is this insane? Is taking a pay cut for remote work guarantee dumb? + +Edit: I ACCEPTED THE OFFER! +Thanks everyone for the comments, even the opposing opinions with valid concerns. It is always a little scary changing jobs, but this change feels like it is for the best. You can't put a price on happiness, and I know working remote makes me happy, so even if there was a small change in income it is insignificant in the grand scheme of things. +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! + +What is your worst investment decision and what have you done to remedy your decision/behavior? + +I got caught up in marijuana stocks a few years ago, trading with reckless abandonment. I ended up bag holding a significant amount of Aphria for what seemed an eternity and recently panic sold it all damn well near the bottom. Combined with several other reckless moves I lost about $150,000 (which was a massive % of my portfolio) and tanked my TFSA contribution room among a ton of other stuff. + +I'm currently sitting on a few ETF's and am just banking my income in a savings account to buy a property and get out of the market entirely. It's a really tough lesson but I am fortunate enough to be breathing, happy and young enough to recover from the catastrophe. +Think about it. If FTX had millions of GME shares on the books backing their token 1:1, why weren't they listed as an insider on SEC documents? Even if they only had a few hundred thousand shares, they would still show up on a Bloomberg terminal as a major shareholder. Yet in two years, we've never seen them listed once. Is it possible that maybe all the Brazilian puts or the synthetic shares created using DOOMPS and options (or other methods) were how they "backed" GME on FTX? If the locates were tokenized shares on a crypto exchange, whats stopping them from creating fake shares via options or some other method and using those as backing for the token which then let SHF use the tokens as locates. + +Basically, TL;DR, I wonder if they created the synthetic shares for FTX to use as their backing for the GME token (and not being forced to report these positions), and then SHF used the token to short the stock endlessly as they now had a "legit" locate. I'm sure swaps play a role here but I've no idea how. +AS MANY OF YOU KNOW THERE ARE CONTRACTS THAT EXPIRE TODAY AT **$115. THE HEDGE FUNDS WILL DO EVERYTHING THEY CAN TO TRY TO DRIVE THE STOCK DOWN TO THAT PRICE TO SAVE THEIR ASSES.** + +How are they going to do that because some of you retards still dont know? They are going to trade the stock in low volumes at rapid speeds to **MAKE IT SEEM LIKE THE STOCK IS LOSING VALUE**. BUT IT IS NOT LOSING VALUE. The volumes that the hedgefunds are trading at are a .000X% of gamestops overall volume. They want you to be scared and sell your stock so that they will win. DO NOT FUCKING SELL DO NOT LET THE HEDGES WIN. HOLD WE WILL MAKE HISTORY. HOLD AND WE WILL WIN. DO NOT SELL YOUR FUCKING SHARES. AND BUY THE DIP. + +(THIS IS NOT FINANCIAL ADVICE, DO YOUR OWN RESEARCH, I JUST LIKE THE STOCK) + +Edit - for those of you asking what you should do: don’t spend money you can’t afford to lose. +Let’s say you earn a bunch of money right before or during a stock market crash. Market hits bottom in the next 12 months. What’s the best place to park that money while the market recovers? + +I suppose I would like to hear about two options: + +Best place for ROI during years of recovery + +Best place for safety against possible continued decline. + +Edit: Wow did not expect such a turnout! Thank you all for your responses +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Just noticing inventory levels while Christmas shopping. A few observations. + +The Bay - the store is packed to the brim. Literally no more space for inventory. +Home Depot - shipping containers in the parking lot monitored by camera. Assuming full of inventory. +Wal-Mart - same as above. +Best Buy - tvs, monitors, a ton of other boxes stacked up all over the store. +Indigo - product literally falling off displays because there’s no more room for anything. + +Anyone else noticing this? I get why companies over bought, and bought early, and are now facing higher inventory levels when comparing to sales. +I’ve heard a lot of figures on this. Some say it adds 30% of the value of the pool, I’ve heard some say it adds 50% of the pools value and I’ve heard some say it actually detracts value. + +I talking about a quality in-ground pool. +Edit 2: Damn at least 1K downvotes. Bots, are you there? + + +My friends after all of this, there is absolutely 0 reason to sell at 600 dollars a share when everyone is telling you sell sell sell the media says it! or some other apes (fake bots) are selling already! + +NO, we are to make hundreds of thousands or millions a share. The DD shows it and we have outplayed them in their own game! + +Also, MOASS may reach 1000 then drop down to 500. You will watch it drop down to 500 slooooowwwwly enough so that you panic and panic and panic and give them enough cheap shares to cover. + +Edit: 1000 is just an example. I mean it might go up then drop down by 50% or so to scare you in thinking it's over. DO NOT SELL because it is going back up its a trick!!! + +&#x200B; + +As a disclaimer... this is not financial advice.... hate to say this but I must. + +However this is advice from someone who has been Determined, Patient, and Smart enough to beat the media, the bots, the naked shorting, the lies and the corrupt system along EVERY SINGLE ONE OF YOU APES! + +btw, this 3 min video of Andy Lee gives us an idea of how MOASS will be like if it does not end up a Long Straight line Up: + +[https://www.youtube.com/watch?v=mVDGU-iFLIU&t=97s&ab\_channel=AndyLee](https://www.youtube.com/watch?v=mVDGU-iFLIU&t=97s&ab_channel=AndyLee) + +Posted this to Super Stonk and AMC, No F%@$ ups Ladies and Gentlemen! +I get that PMI is an expense that you have to pay for a while. The conventional wisdom is to save more money so you can put 20% down and avoid PMI. + +But, if you take the extra 5 years to save 20% vs 10% down payment, you’d be paying rent which would be at least $1,000/month which you can’t get back. That’s at least $60k in rent you’d spend to save how much in PMI over that same period? + +Why is the convention wisdom to throw away over $1,000/month to rent in order to save $100/month in PMI? + +Edit: thanks for all the posts. Some really great comments. A few things I should have been more specific about as I should have been clearer on what I think the general advice is: + +1) Putting 10% down should be minimum as many posters pointed out that 2008 sucked hard, and we’ve had abnormal house appreciation since then. + +2) An emergency fund is critical when you rent, it’s 100x more important when you buy. + +3) Credit score is so important and impacts mortgage rate and PMI. + +4) keep PITI to 30% or less than your income + +A few other comments: + +This post was focused on the assumption that the person is currently renting and does not live at home. + +There is a break even point with renting to save vs paying PMI, depending on how long you need to rent to save up to 20% down payment. A poster nailed it their analysis so thank you. + +Also, this is not a rent vs buy post, so please keep it on topic. +Costs 10 bucks a dose to make, and we could sell for the government's suggested 35 and corner the entire market. Secure massive trade deals and force out the guys now selling at $1000/ dose? + +We buy up their factories for pennies on the dollar, corner the entire US market. Use the tidy (yet reasonable) profits to open up other factories selling medicine at profitable rates that decimate the Big guys. Short their shares on the way down. + +Step 3- Profit. And we fuck the guys that have been fucking sick people. It'll make ya feel all warm and fuzzy inside. + + +EDIT- Many, *many* people have mentioned Cuban's new company. If Cuban was totally on this, there wouldn't still be $1000 insulin out there. And his company (and factory) have yet to come fully online, so there's that. As I understand it, he's basically a reseller. We'd be the source. +As we look to the future what are your thoughts of basing your investment on a place that will have no water issues? Places like SoCal are amazing at a distant but water is drying up. Have any of you had this thought that places near large bodies of fresh water are a good investment? +One of these will be the anchor to my portfolio. I always hear a lot of, "Just invest in the S&P 500 if you want to yield what the market yields,"which would be VOO, but then I see a ton of VTI or VT recommendations on here. + +Do any of you have the time to give me some pros and cons or your personal opinions? 34 years old and hoping to retire by 60. Making 102k salary right now, 20% saved via 401k and Roth IRA. About 68k saved right now. I don't know if any of that matters, but I figured I'd offer some context. + +Thanks for your time. +So, I'm not an economist. Don't even have a college education. So these are just my uneducated shower thoughts, but I'm really curious why I don't hear anyone suggesting something like this or what it is that I'm missing and don't understand about the topic. + + +The most common criticism I hear about capitalism is that it leads to income inequality. That seems like the big evil that everyone gets upset about. The rich accumulate wealth and keep it for themselves, leaving everyone else fighting over scraps and living in relative squalor. A lot of the people that I hear complain about this, who typically are also not economists, clamor for revolution and abandoning capitalism entirely. Which seems kind of drastic. + + +So, my question is: if the problem is income inequality, why don't we just regulate it to keep it under control? Like, let's say it is a feature of capitalism (I'm not sure if that's actually accurate or not). The way I understand it, monopolies are also a feature of capitalism, with businesses naturally gravitating towards monopolies. We fixed this issue by making monopolies illegal and using the government to break them up (arguably we're not doing a great job at continuing to do that, but that's how I understand the solution to work). It seems to me that it would be relatively simple to do a similar thing for income inequality. The way I see it, it would only take 3 components. + + +1. **Minimum Income:** This could be in the way of a minimum wage (which we already have) or a universal basic income. Since I'm counting minimum wage, this step is already completed. Nothing really needs done (at least in the USA and I'm assuming most of the rest of the industrial world). +2. **Maximum Income:** This is the controversial part, but necessary if the goal is to limit income inequality. We just....limit the inequality. Set a maximum income and anything you make over that amount goes 100% to the government to benefit society as a whole. I could see allowing some loopholes, such as reinvesting your profits back into your company rather than keeping them for your own paycheck. That doesn't really count as income, and could be used not just to grow your business but also just to improve the lives of your workers. Give everyone a pay raise. Or another loophole could be tax exempt donations to charities, allowing you to choose how your money is spent but it still goes to society rather than in your own pocket. I'm not sure if these loopholes are good ones or not, but the point is that I could see there being some wiggle room. +3. **Use Average Income as a Standard:** The big problem with the minimum wage model currently used by the US is that it is arbitrary. We just set a dollar amount and then update it when we feel it is necessary, and we have failed to keep it updated in line with economic growth. At least, that's the way I understand it, I could be wrong. What if instead, we set both the minimum income and the maximum income as a percentage of the average citizen income. Every so often (once per year? five years? I don't know) we figure out what the average citizen's income is. Then we update both the minimum income and maximum income according to whatever set ratio we've decided they should be. Something like half the average income as the minimum and 10x the average income as the maximum (just pulling numbers out of my butt, I'm sure there's some economic principals and actual math that could be used to figure out what's optimal). + + +By having both a minimum and maximum income, we fix the amount of inequality we're comfortable with and that we consider healthy to have. By basing them both off of the average income, the system adapts to economic change so that we all benefit from economic growth. I'm sure that I'm oversimplifying things and there's a reason I've never heard anyone suggest such a system before....I just don't know what that reason might be. + + +Also, side question: Would this still be capitalism? A friend I shared this idea with didn't think it would be any more, but I'm not sure why setting a maximum income would suddenly make it not capitalism. +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). +[Bloomberg article](https://www.bloomberg.com//news/articles/2019-01-15/missing-data-add-to-questions-on-u-s-consumers-during-shutdown?srnd=markets-vp) + +tl;dr - The December retail-sales report won’t be released as scheduled Wednesday while the Commerce Department remains closed. Failure to reopen soon also would delay last month’s personal income and spending data, due by Jan. 31. The delay in government-issued economic releases “introduces a greater degree of uncertainty, which typically isn’t good,” said Jim Paulsen, chief investment strategist at Leuthold Weeden Capital Management LLC . “It does create some real risk of misinterpretation” as people try to compensate with other, sometimes partial, sources of information, like a retail CEO’s comments. +It has been reported that Wells Fargo is planning a massive layoff. Cutting up to 25% of its workforce, starting as soon as this coming Tuesday. Price of Wells Fargo shares have also hit lows not seen since 2009. The upcoming structuring might be what Wells Fargo needs in order to bounce back from its current lows. + +Although Wells Fargo is probably one of the worst managed banks, other banks are also in similar situations. It is rumored that Bank of America is intentionally holding off their mass layoff until 2021. + +Sources: + +[https://www.wraltechwire.com/2020/10/27/wells-fargo-workers-report-layoffs-underway-50000-jobs-at-risk-news-site-says/](https://www.wraltechwire.com/2020/10/27/wells-fargo-workers-report-layoffs-underway-50000-jobs-at-risk-news-site-says/) + +[https://investorplace.com/2020/10/wells-fargo-layoffs-what-to-know/](https://investorplace.com/2020/10/wells-fargo-layoffs-what-to-know/) + +[https://finance.yahoo.com/news/wells-fargo-shares-plunge-investors-210538894.html?](https://finance.yahoo.com/news/wells-fargo-shares-plunge-investors-210538894.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAFNtmA81gk_y4o4UeIJb28wATDmLIg-jOnG8MlG_9cEl7s9VuhAdgxYeL9h8v08zLrxVbWRP4Kmt9KjkiBMmGaxeh5_VsU1JdVG9uz5KdtxK4NO3u1kWAXH9Jeke6eFfzviw5ND0VUyJ_l72M-vt86tG026z6n9Nlcw7XT9mWNFL) +I know they say 3-6 months of expenses but if my current paycheck orals up to $3400 every month + +6 times that = $20400 + +That seems like a lot of money to just be sitting in a Hysa and doing nothing + +Is that right? +Are recessions just an inevitable aspect of capitalism? If so, economically speaking, wouldn’t it make sense to have programs in place to help those affected significantly affected? +Even when compared to its neighbors. Is it similar to Ireland where their GDP is somehow inflated by foreign investment or are they simply more productive? +In this series, I will attempt to walk the reader through the exercise of building a (nearly) from –scratch trading bot that attempts a grid trading strategy. This is purely something I’m doing for educational purposes and for fun; I am not selling anything nor trying to get you to subscribe to anything. + +So first, what is a grid trading strategy? + +Picture in your head the chart for some stock or crypto coin or whatever for a typical trading day. Likely, that chart is going to zig-zag up and down quite a bit, but assuming there’s no big news or a huge market move, the stock should end up not too far from where it opened. However, during the trading day, it may have zig-zagged several points above and below its average price for the day. What if we could capture some profit from those zig-zags? +Let’s say our stock is currently trading at 100. Our strategy would be to issue two simultaneous orders: +1. An order to BUY at $95, and +2. An order to SELL at $105. +At some point, the stock is going to zig down from 100, hopefully reaching 95, filling our buy order. Then later, hopefully the stock will zag back up, above 100, and all the way to 105, filling our sell order. We pocket an easy $10 profit on the pair of orders. Simple, right? + +Now this is the point where even if you’re inexperienced to markets or trading, you should be thinking to yourself, “yeah, but what’s the catch?” And rest assured, we’ll get to that. But in the meantime, let’s get started on coding up a bot that will try this strategy out in its simplest form. + +Why this strategy? Three reasons: +1. It's one of the few strategies that we can get rolling without having to wait for "signals" to gather to try and advise us as to the future behavior of the market, so that simplifies our lives quite a bit. +2. It doesn't rely on speed at all, so we don't have to worry about competition from participants with better or faster systems than us. +3. A lot of people think of this on their own but don't have the means to really test it out. For instance, just in the past month: + +https://old.reddit.com/r/algotrading/comments/g81aqw/python_script_that_buys_in_at_random_intervals/ + +https://old.reddit.com/r/algotrading/comments/g6uo29/if_you_cant_predict_the_future_based_on_the_past/ + +Typically a full grid trading implementation will actually place several buy and several sell orders (hence the "grid"), but to keep things simple, we'll just stick to one buy and one sell at a time. + +I will be coding in C# because that’s what I work in at my day job, and I’m comfortable in it. Syntactically it should be close enough for Java folks to easily read, but I’ll try and keep things simple enough that everyone who codes can follow. + +As I’m an old school OO programmer, I start with defining my business objects. + +Order. Should be self explanatory. + + public class Order + { + public Order() + { + OrderCreateTime = DateTime.Now; + } + + public string OrderId { get; set; } + public string PublicHandlerId { get; set; } + public DateTime OrderCreateTime { get; set; } + public string Side { get; set; } + public decimal Price { get; set; } + public decimal OrderQty { get; set; } + public decimal CumQty { get; set; } + + public decimal Notional + { + get + { + return CumQty * AvgPx; + } + } + + public decimal LeavesQty + { + get + { + return OrderQty - CumQty; + } + } + public decimal AvgPx { get; set; } + } + +OrderPair. As we’ll be sending two matching orders at a time, this class holds both a BuyOrder and a SellOrder, and some more information about the pair. + + public class OrderPair + { + public OrderPair(DateTime createTime, string pairId) + { + PairCreateTime = createTime; + PairStatus = PairStatuses.Working; + PairId = pairId; + } + + public string PairId { get; set; } + public int Width { get; set; } + public PairStatuses PairStatus { get; set; } + public DateTime PairCreateTime { get; set; } + + public Orders.Order Buy { get; set; } + public Orders.Order Sell { get; set; } + } + + +We’ll define a set of statuses that the pair could have in a separate Enum. + + public enum PairStatuses + { + Working, + Completed, + NothingDone, + } + +That's all for a very basic part 1, but we have plenty to cover. For Part 2, we'll talk about storing and playing back market data. Then in later parts we’ll get into creating a backtesting framework, simulating an exchange, and creating an additional layer that will automatically cycle through multiple backtest parameters. Hope it’s fun and informative. + +Link to Part 2: https://old.reddit.com/r/algotrading/comments/gj56o2/lets_build_a_grid_trading_bot_part_2_market_data/ +Several of my coworkers use apps or services that allow them to receive their paycheck early. (i.e. Get paid on the 29th of the month instead of the 31st) They are always gushing to me about how nice they are but I feel like I'm missing something? The apps don't shorten your pay period, they just shift the dates? So if you get paid every two weeks you're still getting paid every two weeks, it's just a different two week period than the rest of your coworkers? What is the virtue of these apps then? +I understand this is slightly political. + +But if I were to take the idea that rich have more student debt than poor people at face value, what financial benefits are there to paying extra interest over time? +I am only 20 and still at uni so i have no idea what’s a good salary really. + +Bit lots of people say a teacher’s salary isn’t very good. + +All of the following is according to google and teacher I know. So please correct me if your experience is different. + +But you start on £25,714 in your first year (after just 1 year of training), often moving up the pay scale each year which puts you on £36,961 after 6 years of being a teacher. + +That’s if you take on no extra responsibilities or look for a promotion to senior leadership etc. + +Am i missing something? + +Thanks everyone! +Article link: https://finance.yahoo.com/news/amazon-earnings-162246834.html + +$AMZN is currently up 18% in AH. + +Amazon (AMZN) reported fourth quarter results on Thursday and announced it will raise its Prime membership fee to $139 per year from $119 in the U.S. The stock is soaring in after-hours. + +These are the top- and bottom-line results for Amazon's fourth quarter. + +Earnings per share: $27.75 + +Revenue: $137.4 billion + +This is the third time since the launch of Amazon Prime that the e-commerce giant raises prices for its yearly delivery service in the U.S. It hiked fees in 2014 and 2018 by $20 each time. The announced price change will go into effect for new members on February 18th. Existing members will see the fees upon their renewal date after March 25. + +The company's net income nearly doubled last quarter compared to the same period the previous year, in large part because of the company's investment in EV startup Rivian (RIVN). Amazon reported $14.3 billion in net income for Q4, compared to $7.2 billion during the last three months of 2020. + +"Fourth quarter 2021 net income includes a pre-tax valuation gain of $11.8 billion included in non-operating income from our common stock investment in Rivian Automotive, Inc., which completed an initial public offering in November," said the company's earnings statement. + +Net sales increased 9% to $137.4 billion in the fourth quarter, compared with $125.6 billion in the same period last year. + +Amazon's Web Services unit brought in $17.78 billion in revenue for the quarter, compared to expectations of $17.23 billion. + +The company's 1st quarter revenue forecast is for $112 billion-$117 billion. The Street was expecting guidance of $120 billion. + +“As expected over the holidays, we saw higher costs driven by labor supply shortages and inflationary pressures, and these issues persisted into the first quarter due to Omicron. Despite these short-term challenges, we continue to feel optimistic and excited about the business as we emerge from the pandemic," "Andy Jassy, Amazon CEO said in the company's earnings release. + +Disclosure: I have long positions in $AMZN. + +What's very noteworthy is that they also booked an **$11.8B pre-tax gain from their stake in Rivian**: https://www.reuters.com/business/media-telecom/amazon-hikes-prime-membership-fees-us-2022-02-03/, which accounted for more than *80%* of their quarterly profit +Y’all so good about multiple alerts per day on the way down, where you at on the way up? Fuck you Vlad! You greasy bitch. + + +Edit: I currently have 0.2 shares on RH. Once they IPO, I’m out. + +Edit 2: Thursday 4/15/21 8:42 AM FINALLY A NOTIFICATION *”GME is down 4.9%”* +On 27 November 2018, the Australian Parliament has concluded a detailed report with detailed proposal including classify games including loot boxes as gambling. [1] + +After repeated delayed release and confirmed under-performance of EA's latest releases Star Wars: Battlefront II and Battlefield V, compounded with increasing likelihood of complete lootbox bans, which accounts for $1.3 bn of EA's annual earning, will be facing complete bans similar to what it has faced in Belgium. Should the ongoing regulations pass worldwide, including proposed regulations in the US senate, EA will be facing approximately $0.8 bn losses in earnings. [2] + +Other game publishers relying heavily on micro-transactions have also been impacted by the possibility of a rolling regulation or possible suspension. + + + + + +[1] Australian Parliament report - https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Environment_and_Communications/Gamingmicro-transactions/Report/c01 + +[2] https://www.forbes.com/sites/erikkain/2017/11/28/ea-shares-plummet-after-star-wars-battlefront-ii-loot-box-fiasco/#76eea28f6f37 +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! + +**TLDR: the SEC may have exposed themselves to lawsuits from Gamestop or its investors by publishing a biased youtube video that denigrates specific securities** + +Gloves off apes. + +For much of this saga, the SEC has failed in their mandate to protect investors, despite the huge volume of evidence of market manipulation and structural market problems that has been available to them. (Consider Gary Gensler declaring that 95% of retail orders not going to lit exchanges and thus having no impact whatsoever on price discovery, then doing absolutely nothing to remedy that situation.) + +However, they have now gone further. The SEC has now clearly shown that they stand with SHFs and will gladly **actively help them** by sharing their talking points, this time using your tax dollars to fund misinformation which harms your investment. + +(For anyone that hasn't seen it yet, I'm referring to this video that the SEC just published on their official youtube channel, in which they mock meme stock investors [https://youtu.be/av3k\_lcGm9g](https://youtu.be/av3k_lcGm9g) ) + +In doing this they may have broken laws and/or the regulations that govern them. + +In particular, here is a definition of defamation: + +"*Any* *intentional* *false* *communication,* *either* *written* *or* *spoken,* *that* *harms* *a* *person's* *reputation;* *decreases* *the* *respect,* *regard,* *or* *confidence* *in* *which* *a* *person* *is* *held;* *or* *induces* *disparaging,* *hostile,* *or* *disagreeable* *opinions* *or* *feelings* *against* *a* *person." (*[*https://www.investor.gov/introduction-investing/investing-basics/glossary/market-manipulation*](https://www.investor.gov/introduction-investing/investing-basics/glossary/market-manipulation)*)* + +And here is the SEC definition of market manipulation: + +"*Market manipulation is when someone artificially affects the supply or demand for a security (for example, causing stock prices to rise or to fall dramatically).* + +*Market manipulation may involve techniques including:* + +* *Spreading false or misleading information about a company;* +* *Engaging in a series of transactions to make a security appear more actively traded; and* +* *Rigging quotes, prices, or trades to make it look like there is more or less demand for a security than is the case." (*[***https://legal-dictionary.thefreedictionary.com/defamation***](https://legal-dictionary.thefreedictionary.com/defamation)***)*** + +Personally I have always objected to the use of the term "meme stock" to describe $GME, as it carries the implication that the company does not represent a solid, serious investment . The term has the potential to sway the opinion of the general public about particular securities - traditional investors are often risk averse, and would be far less likely to invest in a stock that is described as a "meme" than one described as a value investment play in a stock that is heavily shorted and engaging in a rapid turnaround, driven by a highly capable new management team. This is why the term was pushed by Kenny's MSM mouth-pieces early on. I think $GME shareholders should have strongly pushed back on the use of this term any time it was used. + +To me, the use of the term "meme stock" by the SEC in their 14 October 2021 report (and various media apperances by Gary Gensler) was already highly unacceptable. They are a public body and should not endorse or demean specific investments. + +I like to point out the absurdity of this by making a comparison. Imagine if you heard the MSM defining a new term that inherently contains ridicule for the company and its shareholders, for *any other* investment type. For example, imagine if they coined the term "smog stocks" or "pollution stocks" for oil and gas companies. Do you think this would be considered acceptable for use in public media? And do you think you would ever hear the chairman of the SEC use the term in media appearances, or in official SEC reports? Personally, I highly doubt it. But this is precisely what happens with $GME, constantly. + +They have now gone a step further, and published a video on their official youtube channel which openly mocks "meme stock" investors, complete with an insulting portrayal of the "meme stock" investor ("you can do research, hur durr?", getting hit by a fucking pie no less.....) + +Again, imagine if they made such a parody video about oil and gas stocks - maybe with a cartoonishly evil monopoly man counting his stacks of money while oil is spraying everywhere from a pipe leak, catching alight, black smoke billowing....something like that...? The outrage and lawsuits that would surely follow... + +Some matters that might warrant further discussion: + +* Would the appropriate case be defamation, market manipulation, breach of the regulations that govern the conduct of the SEC, or something else? +* Should Gamestop take this legal action? They certainly have the cash on hand to hire a top team of lawyers. If this was the best route, the shareholder base would need to apply some pressure for the management team to take this course of action (maybe there would even be a way to ask them about this during the annual general meeting?) +* Should shareholders take this legal action themselves? There would probably be some people that would be interested in contributing to a fund to take legal advice about this +* Although spreading such misinformation very likely causes damages to Gamestop and shareholders (by way of negatively impacting the share price of $GME, which affects Gamestop's ability to raise capital and the value of shareholders' investments), this might be hard to conclusively prove or quantify. However, a court order for the SEC to remove the youtube video and publish a statement retracting their use of the term "meme stock" would be a very worthy goal too + +*Disclaimer: this post is not financial or legal advice, nor am I a financial or legal adviser* + +**EDIT:** just thought I'd add my thoughts on one comment that was made by a few apes when I posted this in another sub, which was essentially "but they do not specifically mention Gamestop in the video". That is true, but the SEC have previously defined the term "meme stock", in their official report of 14 October 2021, about the sneeze: + +*"GameStop Corp (“GameStop” or “GME”) and multiple other stocks experienced a dramatic increase in their share price in January 2021 as bullish sentiments of individual investors filled social media. As the companies’ share prices skyrocketed to new highs, increased attention followed, and their shares became known as “meme stocks.” Then, as the end of January approached, several retail broker-dealers temporarily prohibited certain activity in some of these stocks and options. This report of the staff of the Securities and Exchange Commission (“SEC” or “Commission”) primarily examines the January 2021 trading activity in GME, the most famous of meme stocks against the backdrop of contemporaneous trading activity in other meme stocks. Because the media attention surrounding the meme stock episode raised several questions about market structure, this report will begin with an overview of U.S. equity and options market structure and explain how individual investors’ orders are typically handled."* + +It is very clear that the SEC include GME when they use the term "meme stock", and I think most casual observers of this issue would also think of GME when they hear the term. +Hi! I have been learning to calculate DCF by watching at this YT channel called Learn to Invest. I have noticed that the required rate can make a huge impact on the fair value you get. For example 11.30 to 7.5. + +My question is, do you use WACC or put something like 7.5 for your DFC? + +I was doing today the model for AAPL and with a rate of 11.30 is a buy at 88, but with a rate of 7.5, its a 140 buy. +[https://www.youtube.com/watch?v=j7imfdyi-C4&ab\_channel=CNBCTelevision](https://www.youtube.com/watch?v=j7imfdyi-C4&ab_channel=CNBCTelevision) + +I rarely watch or listen to Bloomberg or CNBC, but I found this is so hilarious. They sometimes can be helpful, but it is more like entertainment for me and it reminds me to have my own ideas and thoroughly scrutinize it. +**Personally, I think that NVIDIA is a great company that generates value for the metaverse issue since they are specialists in graphics cards / chips to make that reality possible, but how do I know if it is not overrated right now? That is, what I would have to measure to know if it is overvalued today, to know if it is a good purchase option today.** + +***(I understand that a single company cannot develop the metaverse by itself).*** +I wanted to know what's your opinion on companies where the founder/ceo is the majority stakeholder and owns a vast amount of the stock? +While it seems to me it's quite rare in the US for companies above a certain mkt cap, in my local country stock exchange, there's a lot of companies like this. +A major disadvantage I see is that if the person dies, everything comes to an end. A bit dark, but true... +Another disadvantage I see is that he can basically do anything he wants with the company. +An advantage is that most of the times that person's wealth is tied to the company. So he/she has a good incentive for the company to flourish. +So, this post is in response to u/HomeDepotHank69 ‘s request for DD into correlation between stock price movements. + +**TL/DR:** + +1. Two different scientific methods showing that there is similarity and correlation between certain meme stocks and that this increased since Jan. +2. A machine learning method asked to put stonk data into clusters based on their patterns over the last half year put the meme stonks GME, AMC, KOSS, and others together regardless of which bit of price data you choose to look at. Look at the pictures! +3. Before Jan 2020, meme stocks (as a group) were not particularly correlated with each other, after Jan they were very well correlated with each other. (In fact before Jan AMC and GME were negatively correlated, after Jan they were very closely correlated). +4. On average, a control basket of boomer stocks have not changed in their correlation to each other. The basket of meme stonks have changed (after Jan 2021) to become highly correlated with each other (to a high statistical significance). + +Pearson R2 (r-squared) is a quick n dirty way to do the comparison between stonks, so I also wanted to put the data into an ML algorithm that would look for clusters in it, and see if that algorithm, knowing nothing about the situation other than the stock price and volume info, would group the stocks the same way we might by eye. + +**Question 1: Would a machine learning algorithm cluster the stocks into meme and boomer? As in, what general patterns exist in these stock movements?** + +**Question 2: Are meme stocks significantly correlated with each other? Are they correlated more than a control set of boomer stocks?** + +Bag of meme stocks as suggested by u/HomeDepotHank69: GME, AMC, KOSS, NAKD, NOKK, BBBY, VIX + +Control bag of boomer stocks: AMZN, CVS, GSK, RDS-B, WEN, GM, IBM. These were selected semi-randomly to try and come from different areas of the economy. And I added Wendy’s just cos. And I think I picked general motors randomly, but maybe I was primed by GME’s ticker. + +See picture below: normalising the daily high price to the highest price over the year to date, boomer stocks are dotted lines, meme stocks solid lines, they look different to me. + +&#x200B; + +[This is the high price, after normalisation to the higher price seen in the last year to date. I don't wanna lead you apes, but I would say that the boomer stocks \(dashed\) look different to the meme stocks \(non-dashed\). But that is not scientific enough!](https://preview.redd.it/glxb4bjuk9371.png?width=815&format=png&auto=webp&s=c3260c91c53b7919792481bd61364514a87c72fb) + +Next picture: after the normalisation described in the methods section below to remove the general background movement of the stock market. I did not expect KOSS to be that similar. Maybe Hank did. The numbers in this plot are large due to the normalisation, but we don't care about the exact numbers we care about the patterns here. This graph shows us that GME and its friends are doing something really fucking odd this year to date! + +[Normalised as described to remove the NASDAC background](https://preview.redd.it/g85bn2a6l9371.png?width=832&format=png&auto=webp&s=84af213daa4b5c9857416b8691766e128f283a2b) + +**Question 1. Are meme stocks similar to each other? Would they be clustered together?** + +We get very similar results for the 5 dimensions of the data (high price, low price, open price, close price , adjusted close price and volume). Low and high prices results showed the largest effect. The algorithm doesn’t have a great time clustering over the entire time period, but we see something interesting when we split the data into June-Dec 2020 (before) and Jan-June 2021. I think low price is the most interesting so I will use this as an example. All the data from here on is the Low price of the day, although similar things were seen with the other prices. + +How to 'read' these pictures, the grey lines are the stocks over the time period, the red line is what the algorithm thinks is the middle of this cluster of stocks (sort of like a corrected average). The data is normalised for the algorithm, so the y axis is a relative price, the days are days since the start of the time period (6 june 2020 (before) or 1st Jan 2021 (after)). + +**Before (in 2020):** + +[Stonks behaving normally. Note AMC and GME are in different clusters. Cluster 1 is stocks that go down, cluster 2 is stocks that go up. This is for the June 2020 to Dec 2020](https://preview.redd.it/hfgwsop9m9371.png?width=539&format=png&auto=webp&s=2bd45d3443dcd41e46fbd395ee4a4b2aee8dfeac) + +The best answer is **2** clusters: + +Cluster 1: \['AMC', 'NAKD', 'NOKK', 'VIX', 'CVS', 'GSK', 'RDS', 'WEN', 'IBM'\] + +Cluster 2: \['GME', 'KOSS', 'BBBY', 'AMZN', 'GM'\] + +**After (2021):** + +The two measures gave the best answer 2 clusters and four clusters. + +The two cluster answer: + +[Meme stonks in cluster 1, boomer stocks in cluster 2, roughly. \(y axis is mislabelled sorry, these are low prices\). This is Jan 2021-June 2021](https://preview.redd.it/05djchs4n9371.png?width=539&format=png&auto=webp&s=fcc287bcdf9b010c49df232ecaa990412e486c58) + +*2 clusters (best on one measure)* + +Cluster 1: \['GME', 'AMC', 'KOSS', 'NAKD', 'BBBY', 'GM'\] + +Cluster 2: \['NOKK', 'VIX', 'AMZN', 'CVS', 'GSK', 'RDS', WEN, IBM\] + +The 4 cluster answer + +*4 clusters (best on another measure)* + +&#x200B; + +[Cluster 1. Some meme stocks and GM, peak around Jan, cluster 4, GME and AMC, doing their squeeze thing? Cluster 2 and 3, normal stocks doing normal things. \(Again mislabelled y axis, sorry, is defo low prices\). Jan 2021- June 2021](https://preview.redd.it/o1jdl6vcn9371.png?width=802&format=png&auto=webp&s=720b780ca6a28d6db78c354b6f3eff8c9fc59ad3) + +**Cluster 1: \['KOSS', 'NAKD', 'BBBY', 'GM'\]** + +Cluster 2: \['VIX', 'AMZN', 'GSK', 'RDS'\] + +Cluster 3: \['NOKK', 'CVS', 'WEN', 'IBM'\] + +**Cluster 4: \['GME', 'AMC'\]** + +I got the same general pattern on the high price as well. AMC GME KOSS BBBY tend to be clustered together. + +**Look at cluster 4's graph, isn't it pretty? And after the normalisation and all that shit (removing market background), we see that GME and AMC are higher than they were in Jan. Maybe they got a way to run?** + +**Conclusion 1:** + +There is something similar in the meme stock price movement that causes the algorithm to put them together and this is seen across the 5 data dimensions (high price, low price etc). Looking at the four cluster answer, we see there are two different meme stock behaviors, the Jan price increase then settle for KOSS NAKD BBBY and GM (GM is following GME possibly cos of fat fingers, see later), whilst our meme stonks AMC and GME are increasing from Jan til now... + +**Question 2.** + +**Is there a statistically significant correlation between the price action of meme stocks?** + +Significance: how this works: + +The Pearson R2 measure (R2, should be R2 but I don't know how to superscript) is a measure of how correlated the stocks are. An R2 of +1 means an exact positive correlation (e.g. $GME goes up when $MEH goes up), an R2 of -1 means an exact negative correlation ($GME goes down when $MEH goes up), and R2 of 0 means no correlation (i.e. the two stonks are unrelated). It's not the best method to do this comparison, but it's the one we got! + +The p value is a measure of significance, if it is over 0.05 then the results are considered not statistically significant at all. The **smaller** the p value is, the **more significant**. (In more statistical language, a small p value relates to a small chance that the result seen is due to random fluctuations and not a relationship between the stonks). A p value under 0.0001 is highly significant. Where I’ve put p << 0.0001 I saw some TINY numbers, like a p values in the 1x10\^{-20} region. You need to have significant results for your results to mean anything. (Any stats geeks in da house? Yes, we could discuss the difference between statistical significance and scientific significance, here, but we didn't. soz). + +If we have a **large R2** there is **a correlation,** if it is backed up by **a small p number** it is a **significant correlation** and therefore we believe it is not a spurious correlation (i.e. bullshit). + +We use IBM as our archetypal boomer stock as no one ever got fired for buying IBM! + +OK so looking at GME’s price movement against other stonks before 2021: + +**Looking at the R2 on low and high prices BEFORE (June - Dec 2020):** + +**MEME to MEME** + +GME to AMC : R2 = -0.73, p \~<<0.0001 (Negative CORRELATION! Very significant) (p value is 1X10\^(-25)!) + +GME to KOSS : R2 = 0.55 , p <<0.0001 (middling correlation, Very significant) + +**MEME to Boomer** + +GME to IBM : R2 = -0.7, p << 0.0001 (neg correlation, very significant) + +**BOOMER to BOOMER** + +IBM to GSK – R2 = 0.94, p << 0.0001 (high correlation, highly significant + +**Fat fingered test** + +GME-GM – R2 = 0.79. p << 0.0001 (high correlation, highly significant) + +&#x200B; + +**Looking at the R2 on low and high prices AFTER (Jan-Jun 2021):** + +**MEME to MEME** + +GME to AMC : R2 = 0.83, p << 0.0001 (positive CORRELATION! Significant) + +GME to KOSS : R2 = 0.77 , p << 0.0001 (positive CORRELATION, very significant) + +**MEME to Boomer** + +GME to IBM : R2 = 0.47, p << 0.0001 (positive CORRELATION, significant) + +**BOOMER to BOOMER** + +IBM to GSK : R2 = 0.62, p << 0.0001 (mid correlation, highly significant + +**Fat fingered test** + +GME to GM : R2 = 0.72. p << 0.0001 (high correlation, highly significant) + +**With a p value of p << 0.0001, GME is correlated with AMC (before and after, although switches direction), KOSS (before and after), NOKK (after), BBBY (before and after).** + +*Fat fingers*: Humorously, there is a correlation between GME and GM, obviously people are buying the wrong ticker, so I guess my ‘random’ choice of GM was actually not that random, as I made the same mistake! N.B. GME-GM’s correlation is the outlier in the boomer stock basket, but I left it in anyway. + +**So what have we found?** + +**After January the meme stocks (GME, AMC, KOSS, BBBY) became positively correlated if they weren’t and the positive correlation increased.** So these stocks started to move together and only GME and KOSS were moving together before. The IBM-GSK comparison shows two different boomer stocks from the control group, they come from different industries (GSK was affected more by covid than IBM) and we see a standard sort of movement, they’re both positively correlated and generally following the wider economy. + +And here’s the data for all (average used is the median, error is standard error, 42 pairwise comparisons). + +Average R2 of meme stock before : **-0.42 (+/- 0.09)** + +Average R2 of meme stock after : **0.32 (+/- 0.05)** + +Average R2 of boomer stock before : **0.34 (+/- 0.08)** + +Average R2 of boomer stock after : **0.25 (+/- 0.05)** + +Difference in meme stocks: **+ 0.74**, this is a huge change. + +Difference in boomer stocks: **-0.11,** this is small, (but is it actually significantly different from no change?) + +So from this and the graphs we can see before both boomer stocks were on average not particularly correlated with each other. On average, meme stocks were weakly anti-correlated. But after, meme stocks on average move to be more positively correlated. + +Another hypothesis test! Yay! My favourite thing! + +**Are these populations significantly different?** i.e. is the change of the r2 of these stonks before and after significant. (geek note, we use the mann whitney u test here, and I used the Hedges effect size test (thought you’d like that!)). + +**For the meme stocks:** + +**Yes!** **The correlation after is GREATER with a p-value of 0.0079 (so statistically significant) and an effect size of 0.7 (a medium sized effect).** So the average change in correlation between the meme stocks is a (statistically) significant increase. + +**For the boomer stocks:** + +**No!** The correlation after is LESS with a p-value of 0.54 (so NOT statistically significant) and an effect size of 0.1 (no real effect). **So no real correlation either way**, I,e, the relationship between the boomer stocks hasn’t changed over the last year to date (cos the change I found is small above enough that it could be random noise). So the average change in correlation between the boomer stocks is (statistically) insignificant. + +**So what’s the point?** + +**The meme stocks have become significantly more correlated since January, and our control basket of boomer stocks have not.** I will not speculate as to why this is the case. Again, Hank asked on here for this information, so I presume he has an idea. **At the very least, it is nice to know that the similarity in the price action that everyone keeps posting is statistically significant**. I only looked at daily data (where do you get the 5 minute data?) and I expect that the GME AMC correlations on this timescale would be fun to look at, and perhaps something of a smoking gun. + +Final point, correlation does not imply causation. Although I've not made any comments as to why these correlations exist. All we've got here is two different scientific methods showing that there is similarity and correlation between certain meme stocks and that this increased since Jan. + +The end unless you want to know the details: + +**Methods:** + +*Data pre-processing:* + +We want to look at the patterns in the data and relative change rather than overall price movement, so we normalise the data to try and compare the datasets. + +Data was taken a year to date from yesterday (6/3) and all stocks were normalised to the first day, so that the first day normalised prices was 100. The NASDEC ($IXIC) was also normalised the same way to the same day. To remove the background effect of the stock market’s general movements, each dataseries was then divided by the normalised IXIC (day for day), and then renormalized back to 100 at the start of the data. The numbers get huge for GME due to it’s huge price movement. + +*Time horizon:* + +The data for the whole year to date was compared but more interesting results were seen if we split the data into pre and post January 1st. Data was daily price data, including, high, low, open, close, adjusted close and volume). + +*Correlation tests:* + +After normalisation, datasets were tested for how correlated they were using the Pearson R2 measure and corresponding p-value using SKlearn. + +*Clustering!* + +We want to find similar patterns in the stock movements without assuming a. that we would see exact changes at the exact same time point and b, that the changes will be the same size. We cope with assumption a by using dynamic time warping distance metric (and b was the reason we did some of that normalisation). We use a machine learning clustering algorithm that can work with time-series data and compare the stonks using this dynamic time warping stuff. We test from 1 cluster up to 7 clusters using standard methods to determine which cluster is the best (inertia+elbow method and silhouette score), then we look at the clusters and see which stocks were put where. + +(see [https://github.com/tslearn-team/tslearn](https://github.com/tslearn-team/tslearn) [https://towardsdatascience.com/how-to-apply-k-means-clustering-to-time-series-data-28d04a8f7da3](https://towardsdatascience.com/how-to-apply-k-means-clustering-to-time-series-data-28d04a8f7da3)) + +We do all this with each of the data dimensions (i.e. high, low, open, close, adjusted close and volume) and also with ALL OF THEM. And get pretty much the same results, btw, only LOW data is covered in this write up. + +**Appendix:** + +Comparing GME, AMC +Before: Pearson r: -0.73 and p-value: 1.1e-25 +After: Pearson r: 0.83 and p-value: 7.6e-27 + +Comparing GME, KOSS +Before: Pearson r: 0.55 and p-value: 2.8e-13 +After: Pearson r: 0.77 and p-value: 1.1e-21 + +Comparing GME, NAKD +Before: Pearson r: -0.68 and p-value: 3.2e-21 +After: Pearson r: 0.043 and p-value: 0.66 + +Comparing GME, NOKK +Before: Pearson r: -0.87 and p-value: 1e-47 +After: Pearson r: 0.39 and p-value: 3.9e-05 + +Comparing GME, BBBY +Before: Pearson r: 0.8 and p-value: 1.9e-34 +After: Pearson r: 0.53 and p-value: 7.3e-09 + +Comparing GME, VIX +Before: Pearson r: -0.42 and p-value: 1.5e-07 +After: Pearson r: -0.3 and p-value: 0.0022 + +Comparing IBM, AMZN +Before r: 0.25 and p-value: 0.0024 +After Pearson r: 0.15 and p-value: 0.12 + + +Comparing IBM, CVS +Before r: 0.75 and p-value: 4.8e-28 +After Pearson r: 0.83 and p-value: 6.9e-28 +Comparing IBM, GSK +Before r: 0.94 and p-value: 5.8e-72 +After Pearson r: 0.62 and p-value: 2.4e-12 +Comparing IBM, RDS +Before r: 0.64 and p-value: 3.1e-18 +After Pearson r: 0.16 and p-value: 0.11 +Comparing IBM, WEN +Before r: 0.82 and p-value: 1.2e-36 +After Pearson r: 0.85 and p-value: 5.8e-30 +Comparing IBM, GMBefore r: -0.6 and p-value: 9.9e-16 +After Pearson r: 0.39 and p-value: 4.6e-05 + +If people want, I can run the code to do this for the whole set of measurables and write it out to a .csv file? + +Final disclaimer: I know fuck all about finance, but I know about data science and stats! Yay stats! +Maybe some wrinkled ape can answer this. + +I don't look at options, mostly because I'm not in my area of expertise. But if I understand correctly, options are a bet: a bet that in a certain day, the stock has a predetermined price. If I'm right, I can get the stocks or sell the option, if I'm wrong I lose my money. + +So, if the chief of NYSE admit that the price for meme stock may not properly reflect the demand, so basically "the price is manipulated", what about all those calls that fell short by a few dollars? Isn't there any legal ramification for a class action against the NYSE or the market makers by whoever bought calls that were OTM in the last months? + +Still, that's not my situation, I always bought stocks and only stocks, and this is not an advice or whatever. I'm just curious: is it possible, or is it something that only an ambulance chaser would attempt? + +Sorry if I made some mistake. English is not my first language. +Pawn shops are set up to give low risk small loans to people at the bottom strata of society. You give me an item as collateral, I give you money according to that item and your buyback record with us, after you get paid you buy your item back with a fee added on so we make a profit. This gives you money when you need it and lowers the risk of the loan to you for us with the collateral you offer, making it feasible to give you the loan in the first place. Easy. If you don't pay I keep the item and you don't need to return the money. So a very low risk of spiraling debt. We also directly buy things too - you have all seen pawn stars, it's fiction but accurate enough. + +Naturally I encounter a lot of people at the bottom of society, both from the underclass and from the working class. People confide in me about their financial situations because I can potentially give them money. I see both good and bad financial decisions being made everyday. I learn lessons on money almost everyday from it, both from people's bad and good decisions. I figure I would share some of those lessons. + +1. People selling out their long term assets for short term assets. I see a lot of people effectively selling their gold for pints of beer. Pawning their laptop they need for work to go on a night out. This is abdication the benefits and security you get from the long term assets for the sake of quick transient pleasure. + +Do the opposite. Sell your short term assets for long term assets. + +2. People overerestimating their ability to pay back loans. One thing I always tell my clients is "Don't think about what you need, think about what you want to pay back, because its going to be coming out of your next paycheck." Usually they opt for a smaller more manageable loan when I say this. People have it in their head somewhere that within the next month they are going to magically come into lots more money than they actually are. That they are going to stumble onto some great idea that's going to make them a lot of money or they are going to live like an ascetic for a whole month to free up more cash. 99% of the time this isn't true. People have innacurate ideas about themselves and their ability to make money most of the time and they end up losing their items because of it. + +Have a sober assessment of your own earning capacity when planning your finances. + +3. Some people treat loans like a source of income rather than a subtraction of next month's income. It is true that debt can be used like a tool but it's a tool that most people just aren't skilful enough to use safely in my experience. + +Be super careful when considering using debt to pay for something. If in doubt, go without. + +4. Many people I work with simply do not account for future expenses. This means they never put money aside for them, never build emergency funds, never hedge or insure against disaster. Because of this, pawning and selling their items is a last resort. Some expenses are truly unpredictable but for the most part it's not difficult to anticipate most expenses coming your way. + +Good anticipation of expenses allows you foreplanning. This allows you to find ways to reduce those expenses or put money aside to pay them. This is like paying off future debts before they even become debts. Which is really the cheapest way to pay off debts. + +5. A reliable predictor I have of people not buying their items back is whether they have an alcohol or drug addiction. These addictions enslave the person and take hold of their finances, compelling them to sell out their long term assets for a quick fix. (See lesson one). Selling the family silver for booze is unfortunately something too common. At my shop we offer a self banning option in order to help them stop their habits, but it goes to show that addictive habits are not conductive to good financial decision making. + +Sort out your addictive traits however you can. + +6. I once had a guy beg me for money for a mobile he was selling because he didn't have money to buy food. After I paid him his son demanded he buy a scooter that was on the shop floor. He gave a few protests but gave in and dished out £60 for the scooter. The next day he came in saying thst his son fell off it once and didnt want it any more. We don't don't refunds but out of courtesy we bought it back from him for £40. He effectively just gave us £20. He does things like that often because his son demands it. Similarly I see people falling into the temptation of selling their young daughters bracelet because their "friend" has demanded that they go out for a drink (or drugs) and has suggested that the bracelet could pay for it. + +Seriously guys, watch the company you keep. Just because someone is "fun to be around" or makes you feel less lonely, doesn't mean they are good for you. And make sure you can say no to your kids so that they don't bully you into spending. + +7. People don't really know the value of their stuff. If they underestimate it, they lose value when they sell it too cheap, if they overestimate it, they move forward with false sense of security thay only reveals itself when times get tough. I once had a girl come to me with a 2.4g 9ct gold ring with a tiny 0.2 carat diamonds in it. The thing can maybe be sold for £80-100 on a very good day, so I offered her £45. (After tax and the warranty we would have been making around £15 on it at that price) she proceeded to snatch the ring and storm out declaring that she paid £2500 for it. I don't know who she bought from but this lady was ripped off big time because she didn't have enough knowledge on what she was buying and she also fell into the trap of believing that what you pay for something is what it's worth. +What an item is worth is in the resale value not in what you pay for it. I could pay £12,000 for a paper clip, it doesn't mean the paper clip is worth £12,000. +Be sure you check the resale price of everything so you don't accidentally think you are richer than you are. + +8. People don't realise how fast their technology depreciates in value. I had a guy get really mad at me because I offered him £10 for a Samsung phone he purchased for £350 back in 2014. The truth is I didn't even want to offer him that, I was doing it as a courtesy because he had a good buyback record. I had to explain to him that a phone that is 7 years old is seriously outdated and that every new model brought out reduces the value of the older ones. + +Very rarely can technology can hold its value. Retro gaming is one of the few places it can. Very old consoles can make their way into this category and remain there as the supply goes down and the nostalgia driven demand racks up. But most technology will simply become an elaborate paperweight over time. If you are investing in technology, you are betting that the hardware is going to produce something of value for you before it becomes outdated and loses it's market value. + +The flipside to this is that second hand electronics are often a great purchase decision relative to brand new. + +9. Be wary of collectibles and antiques. Unless you really understand the collectors market it is probably a really bad bet to invest in them. The amount of people I have to disappoint when they come in with "collectible coins" or ornaments from their grandmother's house that they believed were going to raise in value across time is sad. There are a lot of ads aimed at older people selling some commemorative something or other that are just predatory in my opinion. +Very few things actually appreciate in value across time. Most things peddled as collectible are just brick a brack and over time just become old brick a brack. + +Edit: I'll put an extra lesson in for free because I just remembered it. + +10. Getting older and getting richer are two very different things. One of the saddest things I see is older people coming into the shop asking for small loans on jewelry etc to pay for their essentials, and maybe to get their grandkids a gift. It breaks my heart to see it. Literally we are the last place they can come to to get something nice for their grandkids. + +Don't presume that you will just naturally get richer as you get older. Time passing has the capability to both destroy your wealth as well as build it depending on how well you strategise and put things in place for yourself day by day, week by week, year by year. Having some long term plans helps steer your course better towards the positive and prevents the wealth you build from eroding and collapsing. You don't want to be living paycheck to paycheck through into your old age. +The company sold 15.2 million pounds of food last year, equivalent to 61.0 million 4-ounce patties, the weight of the Beyond Burger sold in supermarkets. That puts the company's current market capitalization at the equivalent of $143 per Beyond Burger patty sold last year. + +Analysts on average expect Beyond Meat's revenue to surge 152% this year to $221 million, according to Refinitiv. Conservatively assuming no price increases, it would be on track to sell 153 million patties in 2019, making its current stock market value equivalent to $57 per 4-ounce patty sold in 2019. + +More +https://www.reuters.com/article/us-usa-stocks-beyond-meat-idUSKCN1TQ2JD +The company sold 15.2 million pounds of food last year, equivalent to 61.0 million 4-ounce patties, the weight of the Beyond Burger sold in supermarkets. That puts the company's current market capitalization at the equivalent of $143 per Beyond Burger patty sold last year. + +Analysts on average expect Beyond Meat's revenue to surge 152% this year to $221 million, according to Refinitiv. Conservatively assuming no price increases, it would be on track to sell 153 million patties in 2019, making its current stock market value equivalent to $57 per 4-ounce patty sold in 2019. + +More +https://www.reuters.com/article/us-usa-stocks-beyond-meat-idUSKCN1TQ2JD +https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-americans-own-a-record-89percent-of-all-us-stocks.html + +The wealthiest 10% of Americans now own 89% of all U.S. stocks, a record high that highlights the stock market’s role in increasing wealth inequality. The top 1% gained over $6.5 trillion in corporate equities and mutual fund wealth during the Covid-19 pandemic, while the bottom 90% added $1.2 trillion, according to the latest data from the Federal Reserve. The share of corporate equities and mutual funds owned by the top 10% reached the record high in the second quarter, while the bottom 90% of Americans held about 11% of stocks, down from 12% before the pandemic. The stock market, which has nearly doubled since the March 2020 drop and is up nearly 40% since January 2020, was the main source of wealth creation in America during the pandemic — as well as the main driver of inequality. The total wealth of the top 1% now tops 32%, a record, according to the Fed data. Nearly 70% of their wealth gains over the past year and a half — one of the fastest wealth booms in recent history — came from stocks. + + +“The top 1% own a lot of stock, the rest of us own a little,” said Steven Rosenthal, senior fellow, Urban-Brookings Tax Policy Center. The growing concentration of wealth comes despite millions of new investors coming into the stock market for the first time during the pandemic, leading to what many have labeled “the democratization” of stocks. Robinhood added more than 10 million new accounts over the past two years and now has more than 22 million — many of them held by younger, first-time investors. Yet while the market may be owned more broadly, the gains and wealth it creates are not being more widely distributed. Rosenthal said that while the army of new investors may be numerous, they are also still small, with the average account size at Robinhood at about $4,500. When markets rise, they will have far smaller dollar gains than wealthier investors with hundreds of thousands or even millions in stock holdings. + + +“Many of the younger investors also bought in at higher prices, compared to bigger investors who have been in the market for years and see larger gains,” Rosenthal said. What’s more, many of the new investors have more of a trading mentality — buying and selling stocks rapidly, with leverage, in hopes of quick gains. While the strategy can create big winners, others may see lower returns than those of investors who simply buy and hold for the long term. The top 10% saw the value of their stocks gain 43% between January 2020 and June of 2021, according to the Fed. The bottom 90% saw stock wealth rise at a lower rate — 33%. “They might account for a larger share of trading activity, but that’s different from ownership and wealth,” Rosenthal said. +It was rough seeing my stocks which have gone up 90% in the past year be down 4% at one point but I survived. + +I have nerves of steel and am great investor. +Hello, + +I am a single human based in Germany, who is originally from another EU country (Portugal). + +I have saved little bit over 100K euros over the last decade (not sure if this is a decent amount \[?\]) but due to corona I was recently laid off, so I am currently receiving unemployment $. This break has propelled me into the inevitable question: how can I put my money to work for me and retire as early as possible? + +I am curious to know from those of you who might be in a similar mindspace/savings, how have you chosen to make your money work for you as of 2021? + What goals have you set for yourself? + +I am not knowledgeable at all when it comes to investing and I would like to understand what are as of 2021 the most reliable and up to date online sources one can possibly access. + +Thank you! +I have checked 10 tokens which were promoted on r/CryptoMoonShots more than 20 days ago, 8 out of 10 crashed more than 80% until now. + +As example, take look at this token called "Slothi": Crashed 90% from all time high +On r/CryptoMoonShots it was promoted as "100% no scam" and "very serious project", "audited" and received more than 1500 upvotes by the community. + +Do not buy any of these tokens, they bring no innovation, are mostly named after dogs and are mostly scam. +The federal reserve has increased interest rates by 75 basis points, the biggest move since 1994. The dollar has gained, and stocks have pared some gains as of posting, although still remaining positive for the day. + +In the new statement, the Fed has removed the statement that household spending and business spending has remained strong, as well as its forecast that inflation will return to the 2% target while maintaining a strong labor market. + +Officials also significantly cut their outlook for 2022 economic growth, now anticipating just a 1.7% gain in GDP, down from 2.8% from March. +Currently I am full time employed, however I haven't worked since my diagnosis in November 2020 - I'd been considering a return to work recently however scans show my cancer has begun to grow again after chemotherapy so I put it on hold while things were up in the air again. + +Over the last 12 months I've completely drained my savings so I'm left with no income besides the £152 weekly personal independence payment that I am eligible for due to my condition, I can return to work on a phased return at any point once I give my work notice that I'd like to return. + +Luckily as of now my symptoms are somewhat minor so I can still be independent, but I'd really like to cross some items off the bucket list before it becomes a struggle to do so (travel, dining etc.). + +I am considering taking out a small loan for ~10k for upcoming holiday plans under the assumption that I'll be able to work soon and earn enough to pay it off, of course with how unpredictable the progression of my condition may be, something may happen to leave me incapable of working to pay it off. In the case of my death, who would the debt then fall under? I am unmarried with a partner, and we have gone from renting to living with her parents since it's been more sustainable after I've stopped working. + +Also (entirely out of curiosity) what is to stop a person with terminal illness from taking out a large unsecured loan for up to 50k? Could I theoretically do such a thing and then die without the responsibility of the debt falling on my relatives? Or would a loan of that size require a co-sign +I had a big shock earlier; I checked my student loan balance for the first time in years and I've only reduced the debt by £100 in 7 years even though I've been paying at least £100 a month for the last 5 years and £150 a month for the last year. + +I know the debt gets written off after 30 years and it's more of a graduate tax etc, but it's still really depressing knowing that after 7 years I've hardly touched the debt because of the interest. It seems cruel that SLC have 4.5% interest rate when interest has been at rock bottom for years. + +The biggest kick in the teeth is, yes I wouldn't be able to do my job without a degree, but I earn considerably less than all of my friends who did not go to uni. + +Does anyone have a time machine? I'd do lots of things differently! + +Edit: Wow, I didn’t expect this to blow up like it has: thanks for the award. Too many of us are feeling let down by the system. +**EDIT: My maths is slightly off, I added a random $2 somewhere, probably a typo, and carried the error on. I also didn't subtract my initial $1000 from the total sale to calculate actual capital gains, but this was kind of on purpose to demonstrate the concept without getting too bogged down with heaps of numbers. Someone with keen eyes and a wrinklier brain than mine pointed this out to me but the overall concept and lesson still stands. This is most definitely why you should consult with a real accounant not a random internet guy** + +As promised, a follow-up to my comment on the daily thread which I did while I was in the shower with my dick out. So here's a basic guide to tax and how CGT will affect you. This is aimed at noobs, I feel like most people in this Sub will know this and will have neat tips to add, but I'm seeing the same comment about "Ï'm not gonna sell or I'll lose 50%" and I feel the need to clarify, as your friendly (maybe, maybe not) government rep. + +First of all, **Marginal tax rates**. In Australia we pay income tax in various brackets, and our income is taxed depending on which bracket we fall under. + +Here are the marginal tax brackets from the current financial year: + +0 – $18,200 (Nil tax) + +$18,201 – $45,000 (19 cents for each $1 over $18,200) + +$45,001 – $120,000 ($5,092 plus 32.5 cents for each $1 over $45,000) + +$120,001 – $180,000 ($29,467 plus 37 cents for each $1 over $120,000) + +$180,001 and over ($51,667 plus 45 cents for each $1 over $180,000) + +There seems to be a common misconception here, that capital gains are automatically taxed at 50%. This is not true. Though capital gains tax sounds like a separate thing, it's actually just the same as income tax. Think about it this way, a capital gain is an income from your investments. It's like you're a small business owner (whose business is trading stonks) and your return on investing in stocks (or buying/ selling property) is your income, anything you lost because you bought into some speccy miner at ATH counts as Capital loss. + +The difference is, and this is probably why people think CGT is so scary, at your work, your income tax is subtracted before you get it in your account so you don't even worry about it and if they take too much, they refund it. Capital gains are not taxed before hitting your bank and as such you need to treat it as though you're a small business owner and at tax time you'll need to keep money aside to pay tax on the income you made. + +Let's take a real world example. Billy buys VUL at $0.045 because he saw someone pumping it on a Reddit sub. Billy buys $1000 (22 222 shares) worth of VUL (because he's a coward) and forgets about it. Suddenly one day he sees the internet blowing up and finds out his worthless VUL stocks are now worth $11 a pop. He sells them because he's a paper handed bitch and pockets a cool $244, 444. + +**Scenario 1:** Billy sold these stocks before 12 months has passed, he also hasn't earned an income this financial year because he's "in between jobs", therefore his only income would be the gains from this investment. An income of $244,444 would put Billy in the highest tax bracket so he would pay $51 667 plus 45cents per dollar over $180 000. so 0.45 x $64 444 = $28 999.8. Total Tax would be $80 666.80. so he would take home $163 777.2 or 67% of his total earnings. + +**Scenario 2:** Billy has held VUL for over 12 months before selling at $11 which would mean that he only gets taxed on 50% of his total capital gain, or $122, 222. This would put Billy in the second highest tax bracket so he would pay $29,467 plus 37 cents for each dollar over $120 000. This means a total tax owed of ($2222 x 0.37) + $29 467 = $30,289.14 giving Billy a total profit of $214 154.86 or 88% of his profits. + +**Scenario 3:** Billy actually has a job at KFC flipping tendies, and makes 30k per year. so in this scenario, he would need to add his capital gain onto his 30k per year which would mean he would need to pay tax on $274 444 using the same method as above. In this scenario remember that the 30k is already taxed before coming to Billy, so he would just pay the difference. The same applies for any income. Capital gains is added to your total income and taxed at the appropriate rate. + +There are a whole lot of other tricks and tips to this. For example if you self manage your super fund, you get a 33% discount on CGT after holding a year. If you sell after retirement while managing your own super you get further discounts. This is all stuff to ask your accountant, and if you take anything away from this, it's GET AN ACCOUNTANT. Best $150 you'll spend this year. + +So take away, please do the maths and figure out how much tax you'll owe. Don't spend all your money before tax time and then suck dicks to pay the ATO. + +Keen to hear anything else I've missed, or anything I could have explained better. +My friends and I are in our late twenties and most of us have started looking at property as a result. + +I just got onto the market - a 1980s double brick apartment roughly 30 minutes from Sydney CBD. + +When my friends heard about my purchase, I received some hesitant congratulations from my friends. I asked about this and got told that many did not understand why I chose an apartment when I could squeeze in a 2 bed townhouse 15 minutes further out on the train line or a house in another state. Maybe even a small house over an hour out from the city centre if I got lucky. + +Maybe its because I myself grew up in apartments but I just don't get this mentality. I spent a substantial part of my life living in Singapore - where apartments were much smaller and, generally speaking, built with worse materials. Here, the older apartments are comparatively good value - sound proof, well insulated, solidly built and most have great floor plans. In terms of the finance side of things, if a building is 30-40 years old, it would already have fully depreciated - which means you wouldn't be overpaying for the novelty factor. Ongoing costs are also likely to be low and, if you buy within a 6 to 10 unit block, you end up with quite a bit of land. Yes, I know the price is still expensive but so is everything else in the Australian market. If anything, because of how quickly freestanding house prices are rising, I would actually say apartments are currently undervalued. + +For those of you who want a house - if you want to start a big family, I see where you are coming from. But if you are a DINK couple or even a single FHB (like a lot of people here are)...is buying a house in an unsafe area on the fringe of the city really better? Is buying one place and renting another that much more profitable (because, let's be honest, its definitely less emotionally satisfying)? Are you really going to move cities and leave friends and family behind so that you can live in a house? I've even got friends who refuse to buy anything but a house...so they are now renting in perpetuity...all of this is just a bit perplexing to me... + +Again, maybe because of how I grew up but I really don't see the downsides of apartment-living for the average kid-less person. Yes, obviously a house in the exact same street would give more returns and would give you a better lifestyle overall. However, when you can't afford that, is it really worthwhile to make all these sacrifices just so you can say you own a house? + +\[NB: When I say apartment, I mean older apartments - not your opal tower apartments. The latter I agree is a stupid choice\]. +If I roll a covered call up and out, will I unlock the difference between the strike prices? + +For example, I have 100 shares of TSLA at $687. + +I sold a covered call for $2,000 at the strike price of $720 on October 1. + +Now, TSLA is at $770+. + +If I buy back the call I sold for $6,000 and then sell the one expiring $760 on November 19 for $6,000 also in order to offset the price: + +Does it at least take the cap off $4,000 for me ($760 - $720)? + +Edit: I figured it out, man. I do get the $4,000. It’ll be displayed as the average credit for the new covered call I sell. + +Will buying back the first sold call cost me $4,000? Yes. + +But will selling a second covered call provide me $4,000? Also, yes. + +It does take the cap off $720 (October 1) and put a cap on $760 (November 19), which I’m more than glad to do as I don’t wanna part ways with the stock. + +I always want a sold call open just in case it does trade sideways in the short term or even drops, so I could at least make some money. +We have gone from $1600.00 to $2000.00 a month to less than $1000.00 including power & Internet. Next step getting our credit fixed and getting a vehicle. + +I didn't think this day would ever come. We spent our last dollar getting this place. The local food bank fixed us up too. + + +We don't have beds yet, but we can rough it in recliners for a couple of weeks. +**tldr:** There is evidence these two SEC commissioners have conflicts of interest and have been working *against* the health of the global market from every angle and against Gamestop - a public US company. They have proven themselves woefully incompetent and they should be immediately replaced for the sake of the world market. SEC commissioners have equal power (Gensler is just a commissioner and chairman is a figurehead title) and their voting power DIRECTLY AFFECTS what happens to Gamestop and it's investors. I recently [filed a complaint](https://www.sec.gov/oiea/Complaint.html) on them. + +Elad Roisman was counsel to Daniel Gallagher when he was SEC commissioner. **The same Daniel Gallagher who is chief legal officer for Robinhood.** + +Roisman led agency efforts to [improve proxy voting processes](https://www.sec.gov/biography/commissioner-elad-l-roisman)...**we all know how that's turned out.** Specifically, ***spectacularly bad.*** + +He's also been in charge of [protecting elderly investors](https://www.sec.gov/biography/commissioner-elad-l-roisman). Has that gone well? [Nope.](https://www.sec.gov/litigation/litreleases/2020/lr25002.htm) [Nope x2](https://www.sec.gov/news/press-release/2020-234). And so on. Litigating against financial abuse of elderly retail investors is not protecting them. **It's showing up to the crime scene years later.** + +How about another of his tasks, [modernizing the treasury markets?](https://www.sec.gov/biography/commissioner-elad-l-roisman) If you don't consider "modernization" to be [permitting Kenny and his cayman companies to short US treasuries in anticipation of a devaluation of the dollar and putting the entire global market at risk](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/), then that's spectacular failure number 3. + +All of that is just the tip of the iceberg. + +[*Credit Suisse affiliates involved in corruption don't deserve to be banned!*](https://www.sec.gov/news/public-statement/peirce-statement-credit-suisse-102021) \- Hester Pierce + +Utter Bullshit. + +[*But, but but, PFOF saves retail investors money!*](https://www.sec.gov/news/public-statement/peirce-roisman-staff-report-2021-10-18) *-* Hester Pierce, Elad Roisman + +This one is from their comment on the Gamestop report. I wonder how much information they restricted from being released... + +[*PFOF and conflict of interests? Nothing to see here!*](https://www.sec.gov/news/speech/roisman-enhancing-equity-market-competition-2021-10) \-Elad Roisman + +Stick it up your ass, Roisman. + +[*Whistleblower rewards shouldn't be case-by-case to help whistleblowers come forward because we just changed the rules!*](https://www.sec.gov/news/public-statement/peirce-roisman-whistleblower-procedures-2021-08-05) \- Hester Pierce, Elad Roisman + +Sounds like you guys want to keep whistleblowers away...why is that? + +[*Money laundering and abuse through crypto? If it's happening then we should provide clear guidelines for all cryptos! We have so many no-action letters today...*](https://www.sec.gov/news/public-statement/peirce-roisman-coinschedule) \-Hester Pierce, Elad Roisman + +Strange comments considering the amount of illegal crypto money laundering that's been happening and Citadel's likely involvement. + +Additionally, the [coinschedule press release](https://www.sec.gov/news/public-statement/peirce-roisman-coinschedule) followed by Pierce's ["safe harbor"](https://www.sec.gov/news/speech/peirce-2021-10-08) idea....she wants to come up with clear guidelines for thousands upon thousands of new crypto tokens...? That would bog the SEC down and violate what Gensler called *the essence* of the rule which would only result in tons and tons of even *more* no-action letters because of the immense amount of work needed to process rules on whimsically created crypto tokens - ***and they know this.*** + +[*The public accounting board has done nothing wrong - the removal of their members is 100% about politics!*](https://www.sec.gov/news/public-statement/peirce-roisman-pcaob-2021-06-04) \-Hester Pierce, Elad Roisman + +I can't even justify this one with a response. Absurd. + +There's so, so so much more but my lunch break is about done. I'll end on this: the SEC can't have more than 3 out of 5 commissioners of the same political party. Both Pierce and Roisman are republicans but **that doesn't matter to me in the least and it shouldn't to anyone else.** I believe there are countless other republican candidates that would *actually* fulfill the role of protecting investors, markets, and fairness. + +There's one thing I know for sure, though - both of these commissioners don't come close to doing that. With the news that [all SEC commissioners have equal power](https://www.reddit.com/r/Superstonk/comments/qbnlmg/gary_gensler_is_the_figurehead_of_the_sec_the/), it's imperative these commissioners are replaced with people who actually feel a responsibility to the world market. + +I recently filed a complaint with the SEC detailing why I think both of these commissioners are in direct violation to their commitment to protect retail investors. For anyone else who wants to do the same, here is a link: + +[SEC Investor Complaint Form](https://www.sec.gov/oiea/Complaint.html) + +**edit:** fixed crypto snippet for clarity, fixed PFOF snippet +I know literally nothing about Heatpumps - so if we grossly simplify and say that the govt provides a £5000 grant no questions ask - what are the overall costs and benefits - given they seem to cost £6000+? +I noticed that GME (Gamestop) has been making small gains again over the last week but today it is up 103% !!! Is this the billionaires again trying their tactics to make money or is this the Reddit investor push or has something magical happened and GME is a great investment? (New to investing so trying to make sense of this huge gain) +I'm in the process of acquiring my first investment property (close on 01/17/2019). To help me determine which properties are a good investment as I'm reviewing them, I created a Google spreadsheet. I wanted to share, as other's may find it useful as well. + +[Real Estate Investment Analysis - Template](https://docs.google.com/spreadsheets/d/1I4J-wMo-STJe1Kz39eESJN6okuOIPKnPuhg1Ia2MZKM/edit?usp=sharing) + +You only need to modify cells in green, everything else will auto-calculate the value. + +This investment analysis spreadsheet includes the following information + +**Investment Analysis** + +* Initial Investment +* Gross Income Multiplier +* Net Income Multiplier +* Operating Ratio +* Break-Even Ratio +* Debt Coverage Ratio +* Capitalization Rate +* Cash-on-Cash Return + +**Tax Analysis** + +* Depreciation Schedule (cost segregation estimate - free calculator) +* Total Tax Deductions (first year) + +**Mortgage Calculator** + +* Amortization breakdown +* Total interest paid +* One time extra payment(s) +* Chart + +**Comparables** + +* Properties you've identified +* Agent provided comps +* CoreLogic provided comps (free account, but $8 for report) + +Let me know what you guys think, open to suggestions/improvements. +I’m looking for alternatives to Robinhood. I was looking at Webull. Has anyone used it? I have a Ally investment that I do my Roth IRA through. I’m just looking for something I can throw $100 a month and play around with. +Most successful day traders have a handful of trading rules that they use when entering/exiting a trade. Curious to know what are your most fundamental rules that you never break, and maybe a few extra cautious rules that you may implement in special circumstances. It’ll be cool to see what the most common/popular ones are in this community. +I’d like to keep the value chain in Europe. I yearn for the euros I pay in fees to be recycled into the European economy. I do not want them to go into paying the salaries of American workers in the Big 3 fund companies, or into the pockets of the American elites. I want them to be reinvested in Torino or at Lille, to pay for people in Talinn or Lisboa + +My broker is already European-owned. + +But there’s no VWCE-equivalent… +28M Engineer living in the USA (outskirts of Seattle) looking at a possible move back to Germany. This is sped up by Brexit, as I am not a German citizen. + +&#x200B; + +Debate is as follows: + +USA Pros + +* Currently make $100,000, saving a bunch of $ towards retirement by living in a cheaper suburb (rent 1000, car 300, are my only big expenses). Would love to retire early. Am on track to have over $100,000 saved towards retirement by 30. +* Not yet done seeing everything here in the US + +USA Cons: + +* societal issues causing me not to enjoy living here +* suburbs are boring and far from everything +* lack of job security, healthcare tied to job etc +* Miss my family +* am a UK citizen that grew up in Germany. Mum and Dad in Germany, but dec 31st, no legal right to live and work in Germany if I do not move soon. + +&#x200B; + +Germany is my home, and I dont like the idea of not being able to move back... But at the same time right now I am saving serious $ towards retirement, and am thinking that staying out here might allow me to save more money towards my goal of retiring early. I also love Germany and travel and want to see what all of Europe has to offer. + +So I guess my question is, I dont know how the German pension systems work properly? How would taking a 25 to 30% pay cut + extra taxes affect my ability to retire? I know there is a government and private pension and I am wondering if it all "balances out". I would hate to give up an advantage I have now and not be able to retire 5-10 years early because I didnt spend a couple of extra years in the states? + +How do I go about making these kinds of decisions? where can I find resources to read? Im not trying to shy away from making my own decisions, but its REALLY hard to try and figure out all these moving parts... +Hey guys. I rent out a 2BR unit with a garage in the eastern suburbs of Adelaide. I currently rent it out for $300 a week. Last rent price hike was $10. In the last year I have replaced the Split System and redone the entrance tiles. The tenants are really good and I have no issues with them. I think $125 is way too high. I was thinking maybe $30 what are you thoughts. I have checked surrounding rentals and they are asking for $425 and more. Thanks in advance. + +Edit: thanks for all your advise. I will raise the rent but not at the full amount. +I've been an instinctive saver my whole life, but over the last few years escalated my efforts toward reaching early retirement. I live cheap, and I get around mostly on the subway, by bicycle, or by Uber/car rental every now and then. I'm doing pretty well for myself, but live cheap so save a few thousand dollars each month. + +&#x200B; + +This week I got a phone call I was not expecting. My mother, who is young (pre-retirement age), eats well, exercises, doesn't drink, takes no medications, etc., has been diagnosed with cancer. Stage 4. She is optimistic, and I'm hoping for the best. But I know the odds. + +&#x200B; + +It's extremely difficult to reach her via transit (different city, 2 hrs away). The day after hearing the news, I hopped on AutoTrader. Found three local cars that met my criteria. Test drove them. Within four hours of opening up the cars listings, I found myself the owner of a new (to me), reliable car, which will get me back and forth from me to her whenever I want. Didn't blink an eye at the $23k check. Easiest money I ever spent. + +&#x200B; + +This has been a shitty and harsh reminder of two things for me: first, that saving money to retire early is a worthwhile goal, because none of us know how long we'll be on this Earth. And second, that by living within your means, you're setting yourself up to be able to handle life's curveballs just a little more easily. I take a lot of comfort in knowing that I can drop everything at a moment's notice, and hop in a car that I can count on getting me where I need to be within a couple hours. And I'm glad that I don't have the added stress of wondering how I'm going to afford to travel back and forth over the next weeks, hopefully months, and perhaps even years if I'm lucky. +**TLDR: any meaningful increase today (>2%) will significantly increase the chances of a squeeze in our near future.** + +**Edit1: We obviously finished at \~1.8% today instead of 2%. Green is green and any increase is good (like always). Think of it like we were playing in a special bonus round today that would've quadruple our daily GME points, and we probably didn't get those bonus point. Still a good day! I'm excited to process my options data dump when I get it in an hour or so, and will be sure to share the results.** + +**Edit2: AH price movements still definitely help! My options data dumps are near end of day (\~15 min before close), so I won't see the impact of AH movement when I process tonight, but it's all still good!** + +**Edit3: Just to be clear, I was not predicting a >2% increase today. My sensitivity testing goes from 2% to 10%, so I was saying that my sensitivity tests show even a 2% increase will get some awesome bonus delta today (more than usual). Since we were at \~1.8% today, that doesn't mean we get nothing. I'm sure we will still get bonus delta, but my sensitivity tests just didn't go below 2%, so I couldn't tell you what was it was. We're good though! It was a good day!** + +I apologize for my absence. I've been on vacation for the first time since 2019! California was beautiful. Definitely making me think about a move :) + +Since it's been a couple of weeks, I'll do a full refresher below. + +***Background*** + +My work is built on the idea that the market is largely unpredictable, but one particular kind of behavior is certain - hedgies gonna hedge. It's written into their algorithms. Specifically, they like to delta hedge and gamma hedge. This work tries to profit on this one particular type of buying/selling behavior. + +&#x200B; + +[Hedgie doing its Hedgin'](https://preview.redd.it/ck93r8xvg1871.png?width=168&format=png&auto=webp&s=ab98f88b94e4fa0198174029e71061abe2891686) + +There is a new methodology/assumptions section at the bottom that gives my method in full detail. This section gives a high-level of the key pieces of the analysis described in this post. + +**Delta** + +The Delta of an option represents the expected change to an option's price based on a $1 change in the security's underlying price. For example, if the GME underlying price is at $100,000,000 and a GME $102,000,000 strike call has a delta of 0.2, then that call option price will increase by $0.2 if the GME underlying price moves up to $100,000,001. Note that the price is also affected by gamma so will actually be higher than the $0.2 price increase estimated by delta, which will be covered later. + +&#x200B; + +[Call versus Put Delta by Strike Price for an Underlying @ $100](https://preview.redd.it/ugpgf1wjg1871.png?width=987&format=png&auto=webp&s=8ecf759c7f1119d70b9f5765674590f866168fb5) + +Delta hedging is a trading strategy employed by market makers (MM's) to minimalize the directional risk associated with price movements in the underlying security. Traditionally, you can think of a MM buying 20 (0.2 x 100) stocks of the underlying security if the price increases by $1 (using the example above). However, it's important to note that hedge funds often use other derivatives to hedge, not just buying/selling stocks because it requires less capital to do so. However, these indicators can be used as a directional proxy for some of the MM behavior as the underlying price increases/decreases. + +The total market delta share equivalent represents the sum of delta x OI across all strikes/expiration prices in a given trading day. I will say it one more time, hedge funds are not actually holding this number of shares on a given day to hedge. They often hedge with other market derivatives. However, it can give us an indicator for hedge funds buying/selling underlying equity relativities. + +**Delta Neutral** + +The Delta Neutral price that creates a total market delta of 0 across all GME options (all expiration dates) for a given date. It can also be though of as the intersection of a supply/demand curve for hedged stocks. See the "Methodology and Assumptions" section for full detail on how I develop this indicator. + +Notes below for general options on how the delta neutral interacts with the underlying price: + +* There is a large influx of call option purchases, because: + * The call prices get less expensive as the underlying price approaches the delta neutral + * Stock prices usually rebound/revert back to the mean after large crashes, so the price often rebounds anyways. +* With the large influx of call volume, market makers have to start buying stocks to delta hedge, which turns the price back around and creates an upward trajectory. + * Important note that hedgies often hedge with derivatives instead of buying stocks, so there isn't a 1-to-1 relationship between the delta and shares bought/sold by hedge funds. +* Historically, you can see that GME often bounces off the delta neutral prices during drops. The exception is the February drop. When the underlying goes below the delta neutral price, a lot of pressure builds up that results in a significant increase when that pressure is released. + * Note this is the primary way that I trade my model. I made a scanner that looks for equities that fall below the delta neutral. + +**Gamma** + +The Gamma of an option represents the rate of change of the Delta of an option with respect to a $1 underlying price movement. From our example above, if the GME underlying price is at $100,000,000 and a GME $102,000,000 strike call has a delta of 0.2 and a gamma of 0.05, then that call option price would actually increase by $0.25 (0.2 + 0.05) if the GME underlying price moves up to $100,000,001. + +&#x200B; + +https://preview.redd.it/14jxduhrk1871.png?width=670&format=png&auto=webp&s=b3d64c2e70ae8961359d1b1c5f708ea70f1ed9c8 + +MM also hedge against gamma risk, but the impact of buying/selling securities to hedge is often much lower than the impact of delta hedging (also remember that they use derivatives to hedge too). However, you are probably familiar with gamma because of the "gamma squeeze" that happened back in January. A gamma squeeze happens when the underlying stock price begins to go up very quickly in a short period of time. This forces more buying activity from rapidly increasing deltas/hedging, which continues to inflate the price. + +&#x200B; + +**Gamma Neutral** + +The Gamma Neutral price that creates a total market gamma of 0 across all GME options (all expiration dates) for a given date. See the "Methodology and Assumptions" section for full detail on how I develop this indicator. + +General notes below for observations on how this indicator behaves: + +* It acts like support/resistance between the delta neutral and the underlying, and typically bounces around between the two prices for most symbols (like we have seen with GME since April). +* It also goes crazy in periods of high volatility, as you can see by the very higher spikes. +* A gamma spike indicates the presence of POTENTAILLY slippery option market conditions, which COULD lead to a gamma squeeze. There were certainly spikes present back in January, but we had a few one-day false starts this last month. +* They are often triggered by high price movement in a day, which can lead to continue high growth if underlying volume supports it. +* Gamma spikes can also be triggered by unusual options purchases during the day. These are the one ones to find, because you can often catch the high increase waves before they actually start. +* If I'm trading this indicator, I often either wait for a gamma spike to continue for 2 days in a row and supported by increased volume. Otherwise, I invest straight away if I find a gamma spike just based on options movement (i.e. no significant underlying increase yet). + +***Delta/Gamma Neutral Graph*** + +Here's the graph you're used to seeing, and it includes the Close Price (green), delta neutral (blue), and gamma neutral (orange), on a log-based 10 scale so you can see those spikes in all their glory. + +&#x200B; + +[GME 1\/4\/2021 - 6\/25\/2021 ](https://preview.redd.it/3w8in2bxn1871.png?width=910&format=png&auto=webp&s=8ee0e0f575df7fcc96a93eef105b6107024dc69a) + +A few things that happened the last two weeks: + +* The delta neutral floor continues to rise (yay!) It's currently at $176. +* GME likes to hang out between 10% and 30% higher than the delta neutral price if nothing unusual happens, which gives a range of $194 - $230 for the underlying. +* GME's high is 214% higher than the DN back on 1/27, so certainly able to break higher, but it is hard to break through that resistance. +* No significant action with gamma since 6/8 + +***Total Market Delta*** + +The graph below summaries the total market delta share equivalents (dark blue) versus the underlying close price (green). See the "Delta" section above for information on what the total market delta share equivalent amounts represent. + +&#x200B; + +[GME Total Market Delta Share Equivalent versus Underlying Close](https://preview.redd.it/valw8po1s1871.png?width=909&format=png&auto=webp&s=5241a6231a0d442eb3cfa268e37ea5957827fbf5) + +You will notice above that the total market delta increased significantly BEFORE the January and February/March squeezes. This helped to contribute to the buying pressure to push GME upwards. + +The graph below provides a sensitivity test for the total market delta share equivalent (blue) based on +5% (light red) and -5% (dark red) shifts to the underlying price. + +&#x200B; + +[+\/- 5&#37; Underlying Price Sensitivity Test](https://preview.redd.it/g01npebyr1871.png?width=909&format=png&auto=webp&s=3720955ff7a40a4e03937176115c34e9f736301c) + +Now you can see that the impact to the total market delta increases significantly BEFORE large changes to the total market delta share equivalent, which happens BEFORE large changes to the underlying price. + +Note that there are also potential for large DECREASES if there is also a potential for large INCREASES. The total market delta sensitivity tests have also been indicating a potential for a large decrease as the market has been dropping the last few weeks. + +For example, back in January: + +* The sensitivity test on 1/8/2021 showed a 5% increase to the underlying on 1/8/2021 ( a Friday) would've increased the total market delta by 91%. +* On 1/11/2021 (Monday), the price increased by 13%, and the total market delta increased by 305%. +* The underlying price then increased by 200% between 1/11/2021 to 1/14/2021. + +Now! My sensitivity tests as of 6/25/2021 close showed that a 5% increase today would lead to a 60% increase in the total market delta equivalent! As of writing this, we have already been up > 5% at a high for the day, and currently at a 3% gain. I expect this will lead to a significant increase in the total market delta shares, which will put us well on our way towards another squeezy squeezy lemon peezy. + +&#x200B; + +https://preview.redd.it/leipjjemu1871.png?width=1280&format=png&auto=webp&s=eceb696974c5897f08ffe7b3c51e9d5d936931c3 + +***Methodology and Assumptions*** + +I write my own algorithms to produce the results above. The following lists some key methodology and assumptions I use: + +* I rely on daily options summaries produced by [https://www.orats.com/](https://www.orats.com/) +* Their options summaries use "near end of day" snapshots (i.e. 15 minutes before close), because they say its more reliable for producing Greeks. They say the last 15 minutes is not a reliable source for options prices to represent the rest of the market day. Therefore, you may notice +* I still rely on [www.historicaloptiondata.com](https://www.historicaloptiondata.com) for my stock information, but working on converting to orats. + * Note that the Underlying Price in the graphs above is the Close price, not the near end of day price. +* For the Implied Volatility (IV), I use the following method: + * Orats produces a smoothed IV that I like, which I use in conjunction with the mid-price call/put IV's to produce a final IV. + * The orats smoothed IV cleans the quotes, and solves for a residual yield based on the put-call parity formula. This lines up the call and put implied volatilities, to account for estimating hard-to-borrow stocks, or stocks with differing dividend assumptions. + * Next, the IV curve is smoothed through the strike IV's using cubic splines. This is helpful for producing reasonable IV's in low volume stocks or strike prices. + * The smoothed IV methodology above produces the same set of IV for both calls and puts. Theoretically, the IV should be the same for both calls/put, because it should represent the estimated volatility of the underlying price for both calls and puts, which wouldn't differ. + * However practically, the IV never actually just represents the estimated volatility of the underlying. The IV used in the Black-Scholes (B-S) price calculation is usually always higher than the historical volatility, because options sellers attach an IV premium to the raw IV that helps make them money. + * Because calls can produce infinite losses to options sellers, the IV premium tends to be higher for calls than for puts. I use the following methodology to adjust the orats call/put smoothed IV: + * I pull the orats options database for each ticker, trade date and expiration date. + * Calculate the relativities of the raw mid-price call / smoothed IV, and the raw mid-price put / smoothed IV for each strike price. + * Fill in any missing relativities with the nearest relativity, within its own ticker/trade date/expiration date. This mostly just applies to far OTM strikes. + * Smooth the relativities using rloess, which is a local regression using weighted linear least squares and a 2nd degree polynomial model. This method assigns zero weight to data outside six mean absolute deviations. + * Apply the smoothed call/put mid-price relativities to the smoothed orats IV estimates to get the final call/put IV estimates. +* Using the final call/put IV estimates described above, I calculate my own Greeks. I like this source if you're interested in the formulas: [https://www.macroption.com/option-greeks-excel](https://www.macroption.com/option-greeks-excel/#gamma-in-excel) +* For the total market delta and total market gamma, I rely on the OI x delta and OI x gamma for each strike price. + * Note that the delta of a call is usually equal to (1 - put delta), so not adjustment is needed to the delta signs when calculating the total market delta. + * However, the call/put gammas are both positive based on the B-S calculation. If you're calculating the total gamma for a portfolio, or the total market, you have to add the call gamma and subtract the put gamma. +* To estimate the delta neutral and the gamma neutral, I have an algorithm that relies on the optimization toolbox in Matlab to identify an underlying price that achieve a total market delta and a total market gamma. +* For the sensitivity tests, I adjust the underlying price in the snapshot by +/-5%, and run the algorithms as described above, to estimate what the total market delta/gamma would be at the different underlying price. +* Note that the IV would change with higher/lower prices for the delta/gamma neutral and the sensitivity tests, but the impact is not significant enough to make a meaningful difference and takes significant processing time to apply the IV curves. However, it is an important simplifying assumption to be aware of. +* Open Interest (OI) is always lagged one day for options summaries. The OCC releases final open interest on a given day, and it represents the OI for the close of the prior day. Therefore, the OI I get in my summaries on 6/28 does not represent the OI as of close on 6/28. It represents the OI as of close on 6/25. If you see a source like Yahoo give live OI throughout the day, they are only estimates, and their algorithm methodology for estimating the OI based on various price/volume movement is a closely guarded secret. + * Note that I'm currently working on my own algorithm to estimate same-day OI, but I'm not done yet. + * However, it should be noted that using the prior day OI is a limitation of the data available to me. + +&#x200B; + +*Disclaimer: I'm just a person that likes to play with options data and builds models to trade for a hobby. I have no experience trading professionally or offering any advice to anyone. Nothing is certain in trading. It's all probabilities and what increases/decreases your chance at a profit. This is just one indicator for one type of price movement, and there are many other indicators that can help you make investment decisions.* + +*I'll do my best to respond to all comments, including the negative ones. I'm happy to have a productive chat about any of my logic. I've gotten a lot of good ideas from posting on this forum, so thank you! However, if I can defend myself in a dark parking lot with nothing but my high heels, I can certainly defend myself against online trolls. So be nice.* +I have the opportunity to move my ~$500k per year FAANG job anywhere within the US. I’m curious if others are thinking about, or have already done this? + +Some details: + +*Early 40s, married ( wife stays home ), 2 kids ( 10 & 14 ) +*~$1.3M NW ( $500k in 401ks, $120k in Fidelity index funds, $400k in vested employee stock options, $100k in individual stocks portfolio, $100k in IRAs and CDs, $75k cash emergency fund ) +~$700k equity in house + +We are kicking around the idea of moving somewhere less expensive and closer to family. Places that come up for us are Florida, South Carolina, North Carolina. We could buy a nice house for around $500k, sell ours here in the Bay Area, and put that equity money to work for us. We’re seeing this as a way to potentially accelerate our path to retirement. On the flip side we also wonder about keeping our Bay Area house and renting it out as an investment property. + +Would love any thoughts, this sub has been life changing in the amount of information we’ve gleaned from the posts here. THANK YOU in advance for any advice. You are all amazing. +NotSafeMoon is an anti-shitcoin. It's a shit-seeking destroyer with a powerful use-case. It's safe, NotSafemoon. + +NotSafeMoon is developed by Ryan Dunn who has revealed his personal information and renounced ownership shortly before the initial presale. He created the token after noticing flaws in Moon coin code forks that enables contributions from the liquidity pool for other moon coins (from taxes on transactions) to be skimmed into developer wallets... And after performing an audit on several popular coins, noticed this was occurring several times a day at a rate of over $750,000. + +NotSafeMoon has a moon-coin analytics dashboard that connects directly to your wallet and monitors all your coins in one spot providing analytics built on top of the features of the already running twitter price prediction bot. + +The bot is able to look into liquidity pool balances, and produce a warning of an incoming dump and token devaluation minutes before it occurs! The idea is similar to bogged where the more tokens you hold, the more features you'll unlock in the dashboard. + +Currently at 3.2M market cap and growing - Liquidity Locked 20 Years - Ownership Renounced + +8% Tax on all Transactions 2% Directly to Burn Wallet 6% Distributed to All Holders + +Check out the AMA [here](https://www.youtube.com/channel/UCrBZjNyERNWPYtZGm6sXJTA) that should answer most questions + +Check out the amazing Twitter bot [here](https://twitter.com/NotSafeMoon) to see the utility of this project in action! + +[Buy on Pancakeswap](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x337e35Ed5B38D5C7Ec9F8d7cF78fe7F43d7DEC6F) 8-9% Slippage + +[Whitepaper](https://notsafemoon.com/public/docs/whitepaper/whitepaper.html) which is definitely worth a read + +[Contract address](https://bscscan.com/address/0x337e35Ed5B38D5C7Ec9F8d7cF78fe7F43d7DEC6F): 0x337e35Ed5B38D5C7Ec9F8d7cF78fe7F43d7DEC6F + +[Website](https://notsafemoon.com/): [https://notsafemoon.com/](https://notsafemoon.com/) + +[Dashboard Beta](https://notsafemoon.com/public/dashboard/dashboard.html) so you can see it in action for yourself before first major release. View reflection gains, liquidity pool reserve balances, fee and reward exclusion data, "moon" dev token and LP token balances, estimated time until a tokens liquidity dump.... too much to list + +[Telegram](https://t.me/NotSafeMoonOfficial): NotSafeMoonOfficial (800 members) +Hello, this morning u/rensole did a request in his synopsis to analyse all the Failure-To-Delivers contained in the ETFs. So I made a Python script where I get all the latest FTD data from the 72 ETFs including GME. I will from now on post the FTD data for you apes. I hope you guys enjoy it! 🦍🦍 + +EDIT: Thank you so much for all your kind words! Love you all! ❤ Have a nice weekend! 🍻 + +&#x200B; + +March 2021, second half: + +GME FTDs = 14,031 (0.9%) + +ETF FTDs = 1,460,311 (99.1%) + +\-------------------------------------------- + +Total FTDs = 1,474,342 (100%) + +&#x200B; + +ETF data: [https://www.etf.com/stock/GME](https://www.etf.com/stock/GME) + +Failure-To-Deliver data: [https://www.sec.gov/data/foiadocsfailsdatahtm](https://www.sec.gov/data/foiadocsfailsdatahtm) + +Cleaned FTD data: [CleanedData](https://github.com/NibbieHub/FailureToDelivers/blob/main/data/cleaned/GMEandETFsLast.csv) + +Repo: +(https://github.com/NibbieHub/FailureToDelivers) +A neighbor on our road who we are somewhat close with recently sprung a Multi-Level Marketing (MLM) pitch (Primerica) on us out of the blue. This neighbor is currently gainfully employed as a nurse so the sales pitch was even that much more alarming, and awkward, for us. + +The neighbor has been aggressively pitching my wife for the last week via social media (posts on my wife’s accounts and DMing her all the amazing “benefits” of this job) until I went over there and talked to the couple. + +Unfortunately they didn’t seem repentant or even aware that they were involved in a low-level MLM scheme, even after I mentioned they should look into the company more closely. Things got awkward and I left cordially but told them not to contact my wife anymore about working for them. + +Anyway... I saw this pattern play out in 2008-2011 when people were hard up for money. I’m not sure I need to educate any of the subs members on why MLMs suck, but lets look out for friends and family who may be targeted by MLM recruiters so that they don’t make anyone’s life more difficult than it has to be during a time when many are already experiencing financial hardship. + +Thanks and stay safe folks! +I'm not entirely sure how many of you even heard of graphene - some of you may have known about it for a decade! I personally didn't even know what it was until ~2 months ago. It blew my mind. I did a fair amount of research since then and I am convinced that real progress is finally being made on graphene. It's not simply stuck in the lab anymore - it's actually being actively used in various applications. + +To break it up for all of you unaware of it - graphene is basically a 2D form of graphite. It's a single layer of atoms arranged in a "honeycomb" structure - which results in graphene: + + +* Extremely strong - 200x stronger than steel (cars, roads, space tech). + + +* Super flexible - bends/stretches to ~120% of its size (coatings, wearable tech, biotech). + + +* Superior electrical conductivity - 1000x capacity of copper (longer battery life, super fast charging, etc). + + + +I could give you tons of examples of where graphene could be used - for example it could range from clothing (already exists), armor (already exists), superior water filtering - you could literally drink from a sewer and be fine as hydrogen atoms cannot pass it, insane batteries (already exist - look up SKELETON TECHNOLOGIES - Tesla may very well buy them out; hopefully they launch their IPO prior to this; we also already have crazy battery packs - 10x faster than traditional battery packs), roads - one of the main companies which may utilize this future tech is "Directa Plus", there are several companies which already have graphene face masks, we may also have graphene bio sensors, superior speakers/headphones, golf balls, tennis rackets, cars (already exist - look up Haydale graphene car project), vast potential for electronics - MSI just recently used graphene on a backplate for 3080; this is just the start. + +Now all of this sounds mind blowingly good so what's the catch? The cost. As you may know everyone cares about cost - not so much about the negative impact on the environment - but this is slowly starting to change and companies are shifting towards more sustainable ways of doing business to protect the environment. Now that being said as well - there's multiple companies, universities and other entities continuously working on decreasing the cost of graphene and trying to produce it on a huge scale. EU spent 1 billion euros on graphene research. Samsung, Apple, Ford and various other companies are also working on graphene research. Versarien (UK based company) recently got 1.95M development deal with MOD. + +In my opinion this is by far the best, wisest investment that you can ever make in your life. Graphene is currently in early stages and we are the lucky ones to know about it and make the most of it (in my opinion). A YouTuber called "B.A.B.Y. - Investment Ideas & Stock Analysis" covers graphene very well - he speaks about various companies as well as uses of graphene. You should as always - do your own research of course and not listen to "some random guys on the internet". + + +**I have personally invested in:** + + +*Applied Graphene Materials (AGM)* + +*Directa Plus (DCTA)* + +*Haydale Graphene Industries (HAYD)* + +*Versarien (VRS)* +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! +We are in Oregon. + +My dad's landlord approached him the other day and said she wants the house back to let her son use after the COVID eviction ban is lifted. The problem is my dad is unable to work, has no savings and is convinced his disability is going to stop when he hits 62 and starts drawing social security. Before going on disability his plan was to work until he died. His disability comes from him going into a 6 day hepatic coma 5 years ago. Before that he was an autobody tech. + +He is also the primary caretaker for my 16 year old sister. Her mom is a deadbeat meth addict and lives in another state completely out of the picture. + +I gladly offered up room in my house, but he would only take it as a last resort. My grandparents are willing to help him out until my sister turns 18, but that has its limits. + +What are some options I could point him to? + +======= + +EDIT: +Thank you all for your advice. We are not in Portland, but not in rural Oregon, but one of the other cities. I don't want to give more detail than that to prevent doxxing myself. I'm sure you could go through my post history and figure out where I live. + +I let him know that his SSDI wont end when hes 62, but at normal retirement age. This gave him some peace of mind. + +Sister is working on getting a part time job. I am helping her with her resume and applications. + +Between his SSDI and the SSD for my sis he brings home about $2200 a month. He got a really good deal on the house when he moved in and luckily the landlord hasn't raised rent on him since moving in so he is paying the original rent of $1225 for a 3br/1.5ba detached house with 2 car garage. Similar houses go for $1700 in this area. + +I will admit his biggest issue is his pride and that he immediately jumps to the worst possible conclusions. It took 2 days for him to even speak to anyone after his meeting with the landlord. + +Again, thank you all for replying and giving me ideas. +1. **Denial** - You’re certain cryptocurrencies like Bitcoin and Ethereum are a massive hype bubble doomed to crash, the modern equivalent of tulips or the dot.com era round 2 but so much worse. You're informed because you saw a [chart comparison of bubbles](https://www.marketwatch.com/story/why-bitcoin-is-now-the-biggest-bubble-in-history-in-one-chart-2017-12-13) and this is the biggest ever. You believe the pundits that tell you that blockchain is the real innovation but cryptos are a scam. +2. **FOMO** - You observe prices keep going up, people are getting richer, and you want to get rich. Even though you know it’s all a fraud, you see the opportunity to make a quick buck and then bail before it all falls apart. You’re smart and not a believer, so you’re better than all those other cryptoheads. You got this. +3. **FUD** - You check prices every hour only to realize you bought at a peak just in time to witness a crash. You experience all 5 stages of grief. You sell on the dip to cut your losses. You swear off crypto for good. You feel relieved about your decision to sell because prices continue to drop even lower and you know you narrowly missed the bursting of the entire bubble. +4. **Repeat step 2** +5. **FML** - Prices crash again but you don’t sell this time. Instead you mentally write off the investment as dead money - whatever happens happens. You accept that you suck at trading and you don't understand the technology. +6. **HODL** - The price rockets back. You’re so elated that you start actually learning about the technology that’s making you money. You love to read pop-science article about the crypto revolution. You start proselytizing crypto to your friends. You become *that guy* at parties and family reunions for a bit. You get bored with it eventually, stop checking the price. You achieve inner peace. + +According to [this](https://www.gurufocus.com/term/payout/O/Dividend%252BPayout%252BRatio/Realty%2BIncome%2BCorp) website (and others I checked), $O's lowest payout ratio over the last 13 years has been 183%. I understand how a company trying to keep dividends stable at the moment might have a high payout ratio, but how on earth is that possible over 13 years? Everything I've read about dividends and payout ratios tells me that's a huge problem, but $O is held up as a great purchase. + +I'm still learning the basics of investing, so clearly there's something I'm missing here. + +&#x200B; + +Edit: Thanks for all the answers, and getting me to learn a whole bunch about REITs! +Was there a certain point or NW that you achieved when you finally felt more comfortable spending money or taking more financial risks? I’m 30 with a NW close to $1m but I’ve been frugal my entire life to the point where I’m too nervous to take certain investment risks or even change my spending habits from what they were when I had a NW of like $50k. Did any of you experience this as your net worth grew? + +This came about because tonight I went to a casino for the first time in a long time and lost $180 playing blackjack I literally felt sick to my stomach even though logically I have a net worth that shouldn’t cause me to feel this way but this happens anytime I spend money. +1. a fraudster and naked short seller who is believed to have stolen billions of dollars with help from Russian and Italian organized crime; +2. a trader working for a man who once managed, along with his father-in-law, the dirtiest, Mafialinked brokerage on Wall Street. +3. a trader who co-founded his fund with a man who was jailed for plotting to murder Michael Milken’s famous co-conspirator, Ivan Boesky +4. a man who became the “most powerful trader on the Street” after working for one of the most notorious, Mafia-linked brokerages on the Street; +5. an accused naked short seller who was at the center of the greatest scandal in SEC history, and is now under criminal investigation; +6. a fellow who once owned a fund that was charged in a massive naked short selling fraud and was later mixed up in a Mafia-connected, criminal naked short seller’s scheme to bribe agents of the FBI; +7. a Russian “whiz kid” who was the top trader for a man who once worked at a notorious Mafialinked brokerage—the same brokerage that once employed the criminal naked short seller who bribed those agents of the FBI. + +and guess where it all started, with Jim Cramer on CNBC.. + + [https://www.sec.gov/comments/s7-08-09/s70809-4614.pdf](https://www.sec.gov/comments/s7-08-09/s70809-4614.pdf) +# January 24, 2022. The day the market died...? + +So with all the news regarding Monday, I figured it could in a way fit together. Why would the plunge protection team jump in to save the market? + +[The 93M volume \\"glitch\\" which I posted yesterday](https://preview.redd.it/amg4jjobr0e81.png?width=1118&format=png&auto=webp&s=1c674e050c27ac86767bc7b35c1bb88ff24c315e) + +Starting with a previous post of mine. A so called "glitch" on Yahoo finance of a volume spike of 93M SPY ETF shares. This could be the margin call of Citadel. + +But what happens next? The market goes up again. + +As pointed out by Zerohedge and YT channel SpotGamma, a "mysterious put seller" sold gigantic amounts of puts, in turn saving the market from having a very, very red day. + +[ZH article pointing out the mysterious put seller](https://preview.redd.it/ognqlp0er0e81.png?width=859&format=png&auto=webp&s=2ec53f4f567c902858faf8ff52f705450c93f472) + +Could this have been the mythical plunge protection team? + +What is the PPT? Is it even real? Take a look at this explanation from u/Snowbagels + +[https:\/\/www.washingtonpost.com\/wp-srv\/business\/longterm\/blackm\/plunge.htm](https://preview.redd.it/ovc6szhys0e81.png?width=657&format=png&auto=webp&s=ae2e92647b45265e59e4e6e8312f1b36b6085529) + +&#x200B; + +[ Working Group on Financial Markets: The Plunge Protection Team is real! Excuse my poor meme skills ](https://preview.redd.it/fxly794kv0e81.png?width=1215&format=png&auto=webp&s=c16febb46f2d6a3ab3838bdfe13ff9c01459f763) + +The turtles could have met with the president and got the go-ahead to save the market by unleashing the billions of puts. + +But how does this save SPY from dropping? [SpotGamma explains it nicely](https://www.youtube.com/watch?v=BzTbKCeKcOk). This is the most important explanation: + +&#x200B; + +https://preview.redd.it/g3fowwifw0e81.jpg?width=752&format=pjpg&auto=webp&s=174b1f446c2b99d598050583cd4414a9e75a31c3 + +"What you can notice here, as the market draws down, we had negative delta trades inputs - that means people are buying put options to start the day. Then, all of a sudden you can see right around 12 o' clock, a huge put seller comes into the market. Somebody came in at the bottom here, they sold puts. Now I would argue that this triggered suddenly a short cover rally in the market. As you can see, these deltas input options continue to be positive for the bulk of the day, so that is telling us that people were scrambling to cover their long put hedges. Now as these people buy back put hedges, dealers and market makers who are short puts can buy back futures. And not only that, you end up getting an implied volatility crush which further pressures the price of puts, the values of puts, which means you can kick off this reflexive negative gamma feedback loop, of dealers buying back short hedges and we get this big rally. It's hard to dispute the fact that these puts all started getting closed before the big rally in markets." + +&#x200B; + +[VIX peaked, when the put selling starts VIX gets crushed](https://preview.redd.it/ol9d3n8dx0e81.png?width=1576&format=png&auto=webp&s=25d46826731c3b7a6a82f2082c2215f8d3c08a19) + +As a result of the put selling, VIX drops sharply at the same time. + +[VIX](https://www.investopedia.com/terms/v/vix.asp) is derived from 30-day SPX options, this means VIX shows a 30-day expectation of volatility. It's an index that shows market sentiment. With VIX dropping quickly to 30, market participants have regained some faith in the market and buying and/or covering hedges continues. + +Somewhat unrelated, but manipulation of the VIX is nothing new: +"The Commission found that S&P Dow Jones Indices LLC, which publishes an index that measures the return from a rolling long position for certain VIX futures contracts, failed to disclose the existence of a feature in this index that kept securities prices static during a period of unprecedented volatility. As a result of this undisclosed feature, values being published and disseminated to the market were not based on the real-time prices of certain VIX futures contracts." + +[https://www.sec.gov/litigation/admin/2021/34-92425.pdf](https://www.sec.gov/litigation/admin/2021/34-92425.pdf) + +&#x200B; + +All of this information isn't necessarily new but I felt it was important to get it all together to see the big picture. + +Selling massive amounts of puts is something almost no institution can afford to do: + +> I know of no institutional investor, or hedge funds, even the largest one that have that kind of capital, the largest investment bank prop desks would not be allowed to sell billion, maybe even tens of billions of puts and attempt to crush the VIX and prevented what could have been a 1987 crash style event. Notional options that rolled off Jan 21 expiry was somewhere around 1-2 trillion. The hedging/gamma demand by rolling hedges may be in the 30-100 billion range. Clearly normal market makers couldn't supply that much demand, given daily option volumes are around 5-10 billion. So some entity sold close to 10-50 billion worth of puts in a matter of 2.5 hours. + +by u/vegaseller. + +&#x200B; + +If you've been reading DD for a while now here on Superstonk, the conclusion is not surprising. The market is fake and now even the plunge protection team has to do everything in its powers to make sure stonks only go up. + +# TLDR: the theory is that the plunge protection team (FED/WH/SEC/CFTC) started selling billions of puts from 12:00 PM - 3:00 PM to save SPY from dropping further from its 4% intraday drop as Citadel possibly got margin called. + +# THEY KICKED THE CAN ONCE MORE +TL;DR: Discovered FIRE at age 26 with $172,000 in student debt. My wife and I rearranged our entire life to hit FI as quickly as possible - Heavy work schedule, plus planning to build NW with BRRRR (Buy, Rehab, Rent, Refinance, Repeat). We are now ~seven years in (out of then-estimated 12 total) and decided to slow down: sold the rental units, paid off the personal mortgage (both financial 'mistakes' I'm very happy with) and am taking a more relaxed, surefire path to FI involving low (but comfortable) expenses, no rentals, and reducing work schedule. Journey, thoughts, and numbers below. + +Journey before destination. + +#This is way longer than I intended; it also has all the info in it I enjoy hearing about other people’s FIRE journeys. . . sorry for the length. + +###Background (Skip this if you want; I enjoy reading these, so I lay it out for others) + +I had terrible money habits growing up: they continued until I was 26. *Really* bad. I grew up on foodstamps, and we never had *any* excess money; anything that came in went right back out on expenses. I’d like to say they were necessities, but looking back. . . I think we could have done a lot better. The scarcity mindset that living at the financial edge instills is real, and I continued to spend every dollar available to me (by work or by loan) until I stumbled across FIRE. Constantly racked up credit card debt, and took every dollar that was ever available on student loans. + +I regret taking the amount of student loans we did; we could have done less (though not anywhere near zero) They say “That first 100K is hardest”, but it’s really that “That first 100K from *zero* is hardest” because if you hit a low point of -172,000, compound interest doesn’t really help you for that first 272K. . . + +Income/expenses listed are at the end of that calendar year. + +* *2011, age 24:* + +Graduated in 2011 with a Civil Engineering Degree, wife was a student, working on a Masters in Public Health. This was the absolute peak of the financial crisis for engineering. I took a (not quite full time) temp job as a web developer making $20/hr, and we maxed out taking my wife’s student loans: + +**Income: 31K me, 0K wife, 31K comb || Exp: ~40K || NW: -$163,000** + +* *2012:* + +Wife graduated grad school halfway through the year and got a fellowship for $24/hr. My temp work finished halfway through the year, and I ‘worked’ full-time applying to engineering jobs. Finally got one after a few hundred resumes, but wouldn’t start until just into the new year, 2013. Which left that year at: + +**Income: 12K me, 26K wife, 38K comb || Expenses: ~40K || NW: -$172,000** + +* *2013, age 26: the tipping point year for FIRE* + +Note that we *moved significanly backwards* the previous year in net worth due to student loan interest and spending. . . + +Started a job as an engineer! $52k per year ($25/hr). Straight salary, with a terrible (in retrospect) company. Worked a *ton* of hours, but only got paid the base salary. I shudder to think what my hourly rate (working a lot of 70 hour weeks) actually was averaged over this year. . . Still a financial step up! + +**Discovered FIRE.** I cannot stress enough how big of a change this made for my wife and me. My wife was naturally a frugal person (I was *not*) but we both had otherwise terrible habits. Once about my third real check rolled in I googled “Student Loan Repayment” and in the process of trying to find a more robust calculator (I was looking for, essentially, [unbury.us](http://unbury.us), though I didn’t know at that time it existed) and happened to stumble across Mr. Money Mustache in February. + +I would like to pause for a minute to point out how terrible of a name this is: I can credit this one website with legitimately changing my life in a very positive way, but if I ever try to explain what this life-altering blog was, it’s. . . mister money mustache. Sigh. + +I was consumed. In less than a month I had read everything (and I mean *everything*) on MMM, MadFientist, and JL Collins; I devoured *Your Money or Your Life*, *Rich Dad, Poor Dad* and *The Richest Man in Babylon*. My wife and I planned out our financial goals (Get student loan free, then try to retire in 15 years; will finish well ahead of this) and drastically reduced expenses. Started aggressively paying down student loans by ‘minimum payment amount’ first to reduce our DTI ratio, hoping to qualify for a mortgage. + +I became obsessed with the idea of having a miniature empire of rental units that would help me reach FI faster: small, clean, well-maintained places that I loved and the tenants loved. Planned to ‘house hack’ by getting a duplex and living in half – the worse shape the better! I’d always been handy, I was looking forward to sweat equity. Started looking for a house in May. + +Got married in July of this year; I suppose all previous references to ‘wife’ should read fiancé before this. . . + +**Bought a duplex:** We were approved for a mortgage due to having some *long* repayment lengths on student loans which kept our DTI ratio on *just* the right side of acceptable, and bought an absolute shithole of a duplex with 3% down in November in a pretty nice neighborhood in Minneapolis. This was $196K, which seemed *really* high from the lows of 2009; that sounds funny in retrospect now looking back, but everyone was worried it was the midst of a second bubble at the time. Moved in to one half, and inherited some tenants in the other. Started rapidly fixing it up with every spare hour I had, as I was still working about 60 hours a week on average. + +It was a busy year. + +**Income: 52K me, 44K wife, 96K comb || Expenses: ~50K || NW: -$140,000** + +* *2014:* + +Hey, the NW is moving the right direction!! But now we reach “the boring middle” part of FIRE. My wife got a full time job with benefits (as opposed to a fellowship) with a pay bump. I got a 12% raise from my terrible company, mostly in response to threatening to leave due to working conditions. Working conditions did not improve. At the end of the year I switched companies (wont’ be reflected in this years salary) to the place I’m still with. They are a hugely better company to work for, and they pay for *every* hour I work. The pay was about the same per hour, but since I was working 60hr/week I essentially got a 50% raise. + +We began to live on just my wife’s paycheck, and used 100% of mine to pay off student loans/invest. This hasn’t changed to this day. . . except we now also invest some of hers. + +**Income: 58K me, 56K wife, 114K comb || Expenses: ~50K || NW: -$97,000** + +More of the same, paying off student loans in 2016, continuing the aggressive saving until 2020. . . + +* *2016:* **Income: 86K me, 70K wife, 156K comb || Expenses: ~50K || NW: -$33,000** + +* *2017:* **Income: 101K me, 72K wife, 173K comb || Expenses: ~60K || NW: $45,000** + +* *2018:* **Income: 93K me, 74K wife, 167K comb || Expenses: ~48K || NW: $110,000** + +* *2019:* **Income: 92K me, 75K wife, 167K comb || Expenses: ~48K || NW: $300,000** + +* *2020:* **Income: 110K me, 76K wife, 186K comb || Expenses: ~48K || NW: $700K** + +Note that NW has some weird jumps once we got past zero because the duplex went from essentially zero cash flow (lot of costs going in tended to burn all the rental income) to positive cash flow as we started to wrap the years of renovations, to a huge jump upon sale. + + +###2020: Deciding to Simplify (Start again here, this is the point of the post!) + +We had a kid. + +I had already been getting worn out of rental maintenance, especially as we had moved out of the duplex entirely and were renting both halves, now that it was nice. Working a ton, and feeling like between a (more than) full time job, child, and rental, something had to give. It was amazingly difficult to find a decent rental manager. + +Our personal expenses had slowly shrunk down to be about $4,000/month, $1,500 of which was the mortgage on our new house. In addition were the duplex costs, and the possibility that I had to have enough cash reserves to cover three furnaces, three water heaters, three stoves; also potential vacancies, other big ticket items (like a $14,000 roof job on the duplex, water damage from ice dams, etc) that were always potentially looming. + +The rental income *did* cover these expenses: The duplex was working as a business. But I was having basically $7,000 a month in expenses despite a fairly frugal lifestyle that had to be covered; **$84,000 a year that *had* to be earned and burned no matter what.** My wife took a big chunk of time off for maternity, and I wanted to do significantly less, but this ‘burn rate’ was weighing on me. + +Our three biggest expenses were the duplex, our house, and taxes. Taxes are as low as they can be (all tax-advantaged accounts maxed out) and I’m happy to give back to the education and food programs that helped me, growing up. But, I could sell the duplex, and roll all the profit into the new mortgage, and potentially go from needing to earn and burn $84,000 per year to $30,000. . . + +###Rent out vs. Sell + +I ran the numbers on if I kept the duplex, vs selling and investing it in the stock market. I looked over the the next 6 years, which is about/past my FIRE date. My estimated net worth difference would be around $80,000! Nothing to sneeze at! However, it also would be the difference between ~$1.3M and ~1.2M, both of which are over my FIRE number of $950K for 3.25% SWR. If this had been the difference between $0 and $100K, that’d be huge. That 1st 100K is the hardest. The 13th 100K, however, is not. + +I also had the added wrinkle that if we sold in 2020, it counts as a primary residence, and we don’t pay gains tax on the part we had lived in two of the last five years; this reduced the calculated 80k difference. + +**Purposeful “Mistake” number 1: The duplex is gone.** + +Was it worth an 8% reduction in net worth in 6 years to me to not have to deal with the rental property with a young child or two? A thousand times yes. I will have, I think, significantly less wealth in 30 years because I sold the rental duplex back in July. But I will have *enough* either way, and I shall never get these years back. + +I think buying, renovating, and renting that duplex was the best single financial action I ever took. I’m happy I ground it out and did the completely hellish task of gutting a 110 year old building in the evenings around a 60hr/week job. I also don’t think I’ll ever do it again. . . + +### Pay off Mortgage vs Invest + +What about, now that I’ve sold the duplex, putting it all in the market vs. paying off our home mortgage? The numbers are pretty simple: + +5% real returns in the stock market (8% returns, 3% inflation, assumed). Mortgage was, by happenstance, almost the same amount we got out in cash from the duplex, $153K. We would then not have to pay the $1500/month that was going to principal and interest, and could invest that. All number – as always – in 2021 dollars for simplicity. + +* $153K invested for 6 years at 5% real gives you $205k. +* $1,500/month invested for 6 years at 5% real gives you $125K. +* A difference of, again, $80,000. At least I’m consistent. . . + +This one was much harder; I really wanted to reduce my ‘burn rate’, but this basically means that selling the duplex **and** using that to immediately pay off my mortgage made us (statistically) $160,000 poorer in about 6 years, another $80k of gains gone. + +However, despite me not believing (allegedly) in timing the market, the CAPE is currently quite high. . . and I’m getting awfully close to being able to FIRE anyways, 4-8 years, pending variables. I also intend to transition my 100% equities to a [100/60/100 V-shaped Bond Glide]( https://earlyretirementnow.com/2017/09/13/the-ultimate-guide-to-safe-withdrawal-rates-part-19-equity-glidepaths/) to maximize safety at the cost of potential gains. I also believe that [it doesn’t make sense to carry a mortgage into early or regular retirement]( https://earlyretirementnow.com/2017/10/11/the-ultimate-guide-to-safe-withdrawal-rates-part-21-mortgage-in-retirement/). These aren’t just numbers in a spreadsheet, I actually have to be able to shift the funds to be able to do this, in a way that’s not crippling from a tax perspective. It’s going to take years to shift to a bond allocation slowly; trying to pay the mortgage off at the same time could very well be impossible. + +I don’t have a target FIRE date; I intend to work less and less as I slide into ER, and having the mortgage paid off means that my wife and I can do this whenever we want, without having to do 5 years of financial maneuvering in the background to ‘pull the trigger’. + +The flexibility is worth it. **Purposeful “Mistake” number 2: The mortgage is gone.**. + +We now live very comfortable – I would say luxurious – lives on about $2,500/month. This will increase sporadically for large trips and childcare, but is our past and current expenses, and will be further in the future too. I intend to build a fairly large cushion in passive income over this for unforeseen events, then charity, if those don’t materialize, but we don’t feel impoverished in any way at this spending level. + +We are privileged enough, lucky enough, and determined enough to now be making about $45/hr each gross, $36/hour each takehome. This means we need to work a combined 70 hours in a month to be able to cover our expenses; that’s 35 hours each, or an average about 8 hours *a week* throughout the year. We are primed to be able to slowly “BaristaFIRE” with reduced hours and benefits in our current jobs, which we both (mostly) enjoy. + +We will both be only when we want – which might be not at all – by age 40. If you had asked me at 25 if this was possible, I would have laughed in your face. +I am working on a $150k job where in reality I only need to work \~12 hours per week. It is a highly specialized market and I am paid slightly above market rate. + +The issue is, I have not been learning anything new in my job, and it is not helping my career growth. I am taking some further studies and learning new skillsets on the side too, but it is very hard to keep myself busy and completely satisfied. + +I feel like this is my last chance to leave before I am tied down to a mortgage in Sydney. I think I can get a 10% pay bump at best, but will have to go back to the 40 hrs/week schedule. + +If you are in my position, would you quit the 150k job? + +Edit: +Wow, thank you so much for everyone's response, there are so many split viewpoints in here! I am contemplating to move on a more challenging gig and to take more responsibility. It is not wise from a financial perspective, (15k increase a year for 20 more hours work-week), but hopefully I will be able to drive more meaning from work and increase my satisfaction in the day-time. As much as I love the second job/side-contractor idea since I am WFH, unfortunately I have signed a Non-Compete and also a IP protection clause - at company time I am not allowed do anything else apart from self-learning. +Although I've been an ASX investor for several years now and understand basic financial concepts which have allowed me to control my personal finances and create my own "budget", I have to admit that I have no idea about how Australia's Budget 2020 actually works apart from the tax cuts and policy changes announced. + +Every article I've read about Budget 2020 has raised the fact that "Australia will be heading towards a record debt of nearly $1 trillion" [^[ABC]](https://www.abc.net.au/news/2020-10-06/budget-2020-tax-cuts-deficit-coronavirus/12731914) [^[Guardian]](https://www.theguardian.com/australia-news/video/2020/oct/06/australian-budget-2020-treasurer-forecasts-net-debt-to-reach-just-under-1-trillion-video) +which is confirmed when I look at the official Federal Budget 2020 website.[^[budget.gov]](https://budget.gov.au/2020-21/content/overview.htm) + +I have three main questions about this Budget. + +1. **Where did this money come from?** I understand that the Government is borrowing this money, but how was this money generated? Is it borrowed from other countries or has this money been "printed out"? If the money is printed out, won't this cause inflation? + +2. **Who did the Australian Government borrow from and who do they owe money now?** This links back to question 1, but I assume that the Australian Government has borrowed money from wherever the money has come from. However, in my mind the Australian Government now owes someone/something nearly $1 trillion. Who is this someone/something, and are we in a vulnerable position being in such a big debt to them now? + +3. **How will this money be paid off?** I always thought that money from our taxes will pay this off. Yet the Government has recently announced tax cuts meaning it will take even longer to pay this debt off. Am I correct in my understanding or are there other sources of income which the Government can use to pay off this debt? + +I know there are others out there asking similar questions, and I hope that this thread will help us all better understand how our country's economy works. Thanks! +First off, I believe in the DD and the thesis never changed. Buy, HODL, DRS. Got it. + +But, from the beginning of this week's Saga. Our lord and savior RC tweeted from a retail location in Florida. That got everyone's tits jacked cause "741". + +Then some semi smooth apes did some sleuthing and assessed that NFTCon (keyword "con") was taking place 15 miles away from the location that RC tweeted from. And that's almost all it took to reach the conclusion that RC was going to announce an NFT at the event. + +To stoke the flames even more. A "typo" : GaME Day, was tweeted which convinced the subreddits that today was the day. But that was later disproven to be a ploy to gain viewership from the apes. But that wasn't disclosed until after a brigade of apes flooded the chat spamming GME sentiment, flocking to the messiah. + +Guy's, I will hodl til I die. But that shit is downright fucking embarrassing. 0 DD, 0 confirmation, 0 empirical evidence to support the claims that anything was going to happen today, purely hope and hype, there's nothing wrong with that. Except for two things. 1. The brigading. 2. Apes got down right duped. Those two things combined make apes look like morons that will charge a platform over a cause with no evidence. Some fucking Qwerty Anus, Pizzagate shit. ( watch the documentary on HBOmax (into the storm) if you have a fucking problem with shit talk about (17) quinoa, sorry automod). + +Bottom line: everything about MOASS is founded on hard facts and fucking numbers, ya know the shit that lawsuits and investigations are built on. Not cryptic messages, not ready player one fantasies. You don't get windfalls of cash because you discovered an Easter egg in a map hidden on the back of the declaration of independence. Enough with conspiracies and RC trying to communicate with us through the ether. Buy, HODL, DRS. Stop fucking brigading, especially when you have 0 corroborating evidence. Here's a simple rule from the military (watered down for smooth brains) you need 3 pieces of corroborating evidence to support a proposed operation. NFTCon is taking place in Florida, that doesn't mean shit. RC tweets from Florida 15 miles away, ok, you have my attention, but that's not evidence that he will be there. You need two more pieces of no bullshit evidence to support the hypothesis that he will be there. "741=NFT" is not evidence. "GaME Day" is not evidence. An unverified screenshot of a fucking chat that says "where's RC" is NOT fucking evidence. Get it together. + +By the way, a screenshot of all these fucking DRS posts is NOT evidence of DRSing. The pictures of mail from CS with verification tags with usernames are way more fucking valid than an image that can be ripped off and photoshopped with a new account number. Remember the "official chats" between shitadel and robbinghood? + +Apes, come on. Get your heads on straight. Stop playing right into the fucking hands of shills. Don't let their piece of shit misinformation and messaging campaigns get the best of you. + +Buy. HODL. DRS + +✊🏾💎🚀🌕 +Have a tenant move into a single family home I own last June, paid 3 months (first, last, security) and has not paid a dime since and claimed COVID reasons, even though they didn’t do any of the requirements to be covered by the ban. However the county court hasn’t and isn’t scheduling any court dates for non payment of rent, no matter how many times the court asked me to jump through their hoops to “help out the tenant”. + +Their first water bill for the quarter was over $800 and obviously there is a plumbing issue. However they have not let me or my repair people in to check and fix anything even though my lease stipulates I can. They will physically block the door to prevent us from entering and they don’t leave so there’s no time we can enter without them home. + +Got a few more water bills just as high between then and now just as high but the last quarter was $1800. I called the city and told them to shut the water off because there’s a problem that needs to be fixed, but they won’t do it for some reason (they said I need to turn it off at the main valve inside the house). + +Their lease expires at the end of May. I’ll need to go to court to get possession, but is it not considered an eviction for nonpayment because the lease is expired? Anyone else face the same issue with your tenants? + +To clarify, if the tenants made an effort to work with me on ANYTHING, I would be ok with not evicting them. They are taking advantage of the system and won’t even allow me to address the plumbing issue or repair...and the local county court here doesn’t want to get involved because of the eviction moratorium for some reason. +i figure someone in this sub might be able to point me in the right direction. are there any real estate agents that have sold homes to exotic dancers knowing what they did for work? did they have to prove their income to you or their bank? i’m a first time buyer and this would be a home/condo for myself +Ironically, the cheaper it gets, the more afraid I become. But I believe there’s value there, especially after they offload their distractive media companies onto Discovery. +So I have traded the last two fed speeches by JPOW. They have been binary outcomes. I'm a SPY player and both times I guessed ahead of time and was right once and wrong once. The options exposure when I was wrong was BAAAAD but I recovered doing a 180 and making a few percent. ANYWAY, I have a new idea I would like you to emulate and steal OR poke big holes in it. So every time he speaks he moves SPY 10-12 points in either direction. Even when he strives for neutrality the market finds what it wants to find/hear. Here's my idea: + +Dec. 12 Spy is at 380 + +I buy x in call options at a 395 0DTE -----I buy the same amount of x in put options at 365. + +Dec. 13/14 data comes in and Powell Speaks. He cuts rates and says good things and I lose every dollar I spent on the Puts but SPY pops ten points and I 30-40x(ish) on the winning side. He says its 100 basis and blah blah blah doom and gloom and we dive. Calls worthless and Puts go brrrrr.... + + +You can lose if SPY does not move several points in either direction but as long as you get movement the IV will move the winner to a multiple that will outweigh the loser by a MILE. + +&#x200B; + +Go ahead roast me or praise me. I am prepared to lose if it "middles". It never middles when he speaks given how people are on edge of seats. One word can cause a 3 percent algo spike. + +Thank you in advance. Now let's JPOWWWWW +From Sky: + +>**The UK's energy price cap is expected to rise in October to around £2,800, Ofgem's chief executive says.** +> +>The cap which applies until 31 September is currently £1,971 a year, which was itself a 54% or £693 rise from the previous cap six months earlier. +> +>Ofgem chief executive Jonathan Brearley has told the Business, Energy and Industrial Strategy Committee that in October it will be "in the region of £2,800". + +That works out to a \~42% increase from the current cap, and a \~119% overall increase since the pre-April cap. Pretty grim reading. + +[Source](https://news.sky.com/story/cost-of-living-energy-price-cap-expected-to-rise-by-830-to-2-800-in-october-says-ofgem-chief-12620359) + +EDIT: Lots of the same questions in comments so here are some resources/answers: + +[MSE: What is the energy price cap?](https://www.moneysavingexpert.com/utilities/what-is-the-energy-price-cap/) TL;DR It's a cap on the **unit** price of gas and electricity. Unfortunately it is incredibly badly communicated by Ofgem using this "typical energy use" example figure of £XXXX a year which is both confusing (because it gives the false impression it's an absolute cap) and useless (because it tells you nothing about how your own bills will be affected). + +[MSE: Is it time to fix my energy bill or should I stick on the price cap?](https://www.moneysavingexpert.com/utilities/-are-there-any-cheap--fixed-energy-deals-currently-worth-it--/#letusknow) TL;DR As of today it may be worth switching if you've been offered a fix that's no more than **30%** higher than the current price cap. There's basically only a few tariffs that meet this criteria and they're not available to everyone. + +[MSE: What are the CURRENT price cap unit rates?](https://www.moneysavingexpert.com/utilities/what-are-the-price-cap-unit-rates-/) Here they are: + + unit rate/standing charge for CURRENT cap of £1971 + gas: 7p/27p + electric 28p/45p + +What are the unit rates if the NEW predicted price cap is actually £2800? + +Well that's a good question that's not easily answerable because we don't know how Ofgem will split the cap between the standing charge and the actual unit rates of each fuel (and they're sure as shit not going to tell you until well after the time when you needed to make a decision about fixing, thanks Ofgem, very cool). However, MSE mentions an OVO fixed tarif which is roughly equivalent to the predicted cap with the following costs: + + EXAMPLE unit rate/standing charge for PREDICTED cap of £2800 + gas: 11p/28p + electric: 42p/44p + +This is highly speculative of course and should be taken with a grain of salt, but good enough for getting a ballpark estimate of your bills/how fucked you are. + +[MSE: What should I do if I'm struggling to pay my bills?](https://www.moneysavingexpert.com/utilities/how-to-get-help-if-you-re-struggling-with-your-energy-bills-/) Some limited help here for some. Good luck folks. +https://www.thestreet.com/memestocks/reddit-trends/citadel-securities-accused-illicit-trading-tactics + + +I know it's coming from Cokerat's "The Street", but the article really seems to give some creedence to the plaintiff's accusations of order spoofing, which is just one small part of what we've been witnessing with GME. Still, this is a legit publication citing DOJ involvement and an interesting statement at the end ... + +"The investigation is ongoing, and no indictments have yet been made by the Justice Department. Many retail investors are hopeful, however, that their theories concerning market manipulation by hedge funds and market makers bear fruit once the investigation concludes." + +Sorry if this has already been posted. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Well over a million new users reportedly on Coinbase alone in the last few months, vast majority waiting to get verified or their limits increased. I have two friends waiting weeks, one very well capitalized ready to buy well over a $100k worth of ETH. When Coinbase finally catches up things will stabilize and the price of ETH will start to go up again, BTC too (assuming it gets through Aug 1st) + +&nbsp; + +Right now USD is like a lake and ETH a river, and the only thing connecting them is small pipe, when that pipe gets bigger or the more pipes are added, the flood will resume. You can't expect a crypto asset with a market cap like ETH to continue to grow at the same rate when the the primary onramp from Fiat(USD) is under construction or largely closed. It's just a shame how many will give up waiting. + +&nbsp; + +ICOs my ass, the problem is ETH has grown so large that there's no enough new money coming in to sustain price growth because the largest broker/exchange can't handle it. +The capital raise provides buffer for GME’s balance sheet, but also solidifies material damage to GME due to naked short selling. Ryan Cohen is playing 5D chess. When the voting results are revealed, hedges r fuk. + +Also thank you Wes Christian for an awesome and insightful AMA. Definitely grew some wrinkles on this brain today. +Why is this so damn difficult? 10/15 multi-family listings I reviewed this morning failed to include rental income information of any type. + +* Great photos: Check +* Utility costs: Check +* General expenses: Check +* Unit breakdown: Check +* Taxes: Check +* HVAC info: Check +* Entirely too high asking price: Check +* Rent Roll: NOPE + +Why must is be like this? +Isn’t holding cash supposed to be to worst position during inflation? According to [this article](https://finance.yahoo.com/news/there-is-an-asset-class-that-is-doing-well-morning-brief-100047898.html), cash gang is beating the market. How is this possible during a period of high inflation? +💰Decentralized Community investment Protocol 💰 + + +The first-ever fully decentralized investment fund is here! + + +You don’t need to look any further, we have a possible x1000 gem right here! DCIP will be the first-ever fully decentralized investment fund, which will reward all holders passively in BUSD or BNB. The rewards depend on the profit on the investments and all investments will be funded by the taxation model. + + +🌎Website https://dcip.finance + +📖 Whitepaper https://dcip.finance/DCIP-Litepaper.pdf + +📺 Explainer video https://www.youtube.com/watch?v=Me-GymG1JWs + +🔎 Audit https://dcip.finance/Audit_CTDSEC.pdf + +📱 TG Chat https://t.me/DCIPfinance + +💰Buy on pancake https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x308fc5cdd559be5cb62b08a26a4699bbef4a888f + +📈Chart https://charts.bogged.finance/?token=0x308FC5CdD559Be5cB62B08A26a4699bBef4a888f + +🔐LP LOCK ($450K 10 YEARS) https://app.unicrypt.network/amm/pancake-v2/pair/0x4799b0d36b421df620daFeBdE3ba19C2C2c2fC5c + +🦎Coingecko https://www.coingecko.com/en/coins/decentralized-community-investment-protocol + + +What is DCIP? + +Decentralized Community Investment Protocol (DCIP) is the first investment as a service (IaaS) a fully decentralized investment fund token on the BEP20 Binance Smart Chain network, which unlike the competitor tokens on the same network, DCIP holds real-world use cases making it unique – and these real use cases are not limited to the BEP20 network either, which benefit from the expanding Blockchain opportunities. + + +DCIP’s Features + +In short, the main features worth highlighting is the following: + +1️⃣ First IaaS offering fully decentralized investment fund on the BEP20 BSC Network. + +🤵 Community voting for decentralized investment decisions. + +📈 Investment rewards in the forms of BNB or BUSD, acting as a passive income for token holders. + +🐳 Punishment taxes for sales within 24 hours of holding, as well as anti-whale measures to deter negative influence. + +Besides being the first IaaS token on its respective network, DCIP’s platform will also feature a unique fully decentralized voting option in their smart contract, conceptualizing the notion of decentralized investments that makes the token, unlike others. + +With built-in voting in the smart contract, this ensures that all decisions with regards to what DCIP is invested in are community-led decisions. + +In addition, DCIP’s investment horizon is not limited to cryptocurrency investments – the community could choose to invest in real estate, for example – offering real-world investments. + +An individual’s DCIP token balance directly represents their share of the voting power and cut of the profit, the profits, or rewards from investments of which will be paid in either BNB or BUSD. + +100% SAFU + +To ensure the credibility of the project, the developers have chosen to “dox” themselves, meaning that their information is publicly available. In addition to that, the smart contracts of DCIP have been audited by the official Unicrypt partner: CTDsec. + + + + + +💰Tokenomics: + + +ℹ️ 10% Standard Tax + +📍 3% Liquidity + +📍 1% Marketing Wallet + +📍 2% Community Investment Wallet + +📍 2% Burned + +📍 2% Redistributed to holders who hold longer than 24 hours + + +ℹ️ 7% Punishment Tax + + Swaps within 24 hours: + +📍 4% Community investment wallet + +📍 1% Burned + +📍2% Redistributed to holders who hold longer than 24 hours + + + +Devs are active almost 24/7, any questions will be replied ASAP. + +Hop in our telegram and be part of the revolution: +https://t.me/DCIPfinance +https://investors.overstock.com/news-releases/news-release-details/rocker-pays-5-million-overstockcom-settle-lawsuit/ + + + +'A fine victory for Overstock, a triumph for the cause of cleaning up US capital markets' says CEO Patrick Byrne. +SALT LAKE CITY, Dec 08, 2009 /PRNewswire-FirstCall via COMTEX/ -- Overstock.com, Inc. (Nasdaq: OSTK) today announced that Rocker Partners (now known as Copper River Partners) will pay $5 million to Overstock.com to settle Overstock's claims against the remaining defendants in its case against Rocker Partners, David Rocker, Marc Cohodes, and the management companies and hedge funds they controlled and advised. The defendants have agreed to dismiss their cross-complaint against Overstock.com and Patrick Byrne. Below is a letter from Patrick Byrne, the company's Chairman and CEO, commenting on the settlement (see our story at DeepCapture.com for full details). +Dear Owner: + +The good guys won. + +I announced Overstock's lawsuit against Rocker in an August 12, 2005 conference call I titled, "The Miscreants' Ball". In that call (and in subsequent elaboration on DeepCapture.com) I claimed that a network of dirty Wall Street players was engineering modern bear raids, destroying companies and destabilizing the system. I claimed that the network of hedge fund manipulators and compliant reporters intersected in a dirty journalist named Jim Cramer. In the network, I claimed, were hedge funds such as David Rocker's; putatively independent research firms like Gradient which essentially took dictation from hedge funds; a small group of financial journalists such as Herb Greenberg and Carol Remond who, it appears, also took assignments from this hedge fund network; Milberg Weiss (a plaintiff's class action law firm which was coordinating its lawsuits with these bear raids); and Eliot Spitzer (whose investigations as New York's Attorney General mirrored the trading activities of these hedge funds, which were among his largest backers). In addition, I said that the SEC was saying grace over all of this because they had become hopelessly "captured" by Wall Street's worst elements. + +Since then, the SEC's turn-a-blind-eye deference towards Wall Street has been revealed by the Aguirre and Madoff-Markopoulis affairs (if not much more); Milberg Weiss imploded under DOJ indictments and its leaders were jailed; Jim Cramer was exposed on national TV for the scoundrel he is; Eliot Spitzer was also exposed (but not yet, I believe, for his real connection to this crew); Herb Greenberg and others of the journalists I named have crawled under rocks (or gone to work for the hedge fund network for which I had so implausibly claimed they were shilling); David Rocker's hedge fund melted down (thanks, according to DowJones, to the SEC finally closing the gaping option market maker loophole against which Overstock had been lobbying for three years - if only, the SEC would not institute a pre-borrow requirement); and Rocker Partners is paying Overstock $5 million (that is on top of Gradient's earlier retraction and apology, and any monies Gradient paid which I cannot disclose). + +So let's score that one for the good guys. + +What is of vastly greater significance than this $5 million payment, however, is an examination of the cover-up conducted by elements of the New York financial press. Taking the lead was CNBC, which spent a great deal of airtime downplaying the significance of this suit, vilifying me, and smearing Overstock. For example, though less than 1/4 of the Miscreants' Ball conference call had even been about Overstock, and the remaining 3/4 concerned the modern bear raid, CNBC aggressively distorted the former and refused to mention (or allow mention of) the latter. This pattern was followed with suspicious alacrity by some of the more prominent members of the New York financial press, some of whom (e.g., Bethany McLean) saw some public emails which demonstrated precisely the relationship I had suggested, and some of whom (e.g., Herb Greenberg, Joe Nocera, and Dan Calaruso) were later secretly taped trying to persuade other journalists to engage in a cover-up. Ultimately, I resorted to creating a website of investigative journalism called www.DeepCapture.com (winner of the 2008 Weblogs Award for Best Business Blog), at which point CNBC, FortuneMagazineJoe Nocera, etc. developed sudden cases of laryngitis about me (lest they have to mention the website where my opinions were expressed without filtering: DeepCapture.com). + +Now that Overstock has won, I would expect CNBC to invite me back to discuss these events, about which CNBC was so wrong and vocal. I estimate that the chance this happens, however, are roughly the same as the chance that any mainstream journalist who covers this $5 million settlement will mention DeepCapture.com, despite its having been central to these events. + +I believe that the two factors which most determine the long-term health of a nation are its education system and its capital market (that is, its systems for developing human capital and for marrying it to financial capital). The miscreants of Wall Street may not be numerous, but they work together, and their blackguard ways impose an enormous social cost on our country. Presumably that claim will strike many as more plausible than it did when I first began publicly making it in August 2005. + +I'd like to thank the late John O'Quinn, in whom I found an ally. I wish also to thank Overstock's fine legal team at Stein & Lubin for the superb work they did on this case. They will now be turning their full attention to Overstock.com's pending suit against the prime brokers (see below). + +Your humble servant, + +Patrick M. Byrne + +History of the Rocker Case + +In the landmark case, filed in Marin County, California August 11, 2005, Overstock.com, along with shareholder plaintiffs, sued Gradient Analytics, Inc.; Rocker Partners, L.P.; Rocker Management, LLC; Rocker Offshore Management Company, Inc. and their respective principals. On October 12, 2005, Overstock.com filed an amended complaint against the same entities alleging libel, intentional interference with prospective economic advantage and violations of California's unfair business practices act. On October 22, 2008, Overstock.com amended its complaint to name as additional defendants Cathy Longinotti, Mark Montgomery, Phillip Renna and Terrence Warzecha because of their former or existing status as general partners of Copper River Partners, L.P. + +Overstock.com asserted that David Rocker, his partner, Marc Cohodes, entities under their control, and other confederates worked with the so-called "independent" research firm, Gradient Analytics, to defame Overstock.com by publishing false information in order to drive down Overstock.com shares and profit from their short positions in the stock. Overstock.com based its complaint on affidavits from four former Gradient insiders who swore that it was well known that Gradient worked closely with some of its short-selling hedge-fund subscribers to issue "special" negative reports on specific companies targeted by those subscribers, and that Rocker, among others, had special editorial privileges and coordinated publication timing to allow his hedge fund to position their portfolios in advance of publication. Overstock.com alleged that Rocker and Cohodes participated in suggesting and editing the false reports which were published throughout the period of 2004 to 2005, and which a judge, in commenting on the frequency of the attacks referred to as, "carpet bombing." Overstock.com also asserted that high profile reporters in the financial media were given unprecedented access to the Gradient reports for the purpose of further coordinated dissemination of the false Gradient reports in Rockers concerted effort to damage and defame the company and drive down its share price. + +On October 10, 2008, Overstock and Patrick Byrne reached a confidential settlement agreement with Gradient Analytics and its current and former principals. Those defendants have been dismissed from the case after issuing a statement of "regret," reversing Gradient's published positions on Overstock.com, and stating that Gradient had "examined and improved its internal policies concerning how it communicates with clients, including hedge funds, and the media." + +On May 14, 2009, the shareholder plaintiffs dismissed their claims against the Rocker defendants. + +On November 9, 2007, Copper River Partners, L.P. f/k/a Rocker Partners L.P. filed a cross-complaint against Overstock.com and certain of its current and former directors. The Copper River cross-complaint alleged cross-defendants engaged in violations of California's state securities laws, violations of California's unfair business practices act, tortuous interference with contract and prospective business advantage, and deceit. On April 23, 2008, the court dismissed Copper River's cross claims against certain former Overstock.com directors. In that same ruling, the court dismissed four of the six claims against one of the former Overstock.com directors (and later Copper River dismissed the remaining claims against that director). In a separate ruling on the same day relating to Overstock.com and Patrick Byrne, the court dismissed the common law fraud claims and equitable indemnity claims and eliminated the possibility of money damages under Copper River's claims that Overstock.com and Byrne engaged in unfair business practices. + +Trial for both the Overstock.com complaint and the Copper River cross-complaint were set for February 9, 2010. + +History of the Prime Broker Case + +On February 2, 2007, Overstock.com, along with five shareholder plaintiffs, filed a lawsuit in San Francisco against Morgan Stanley & Co. Incorporated, Goldman Sachs & Co., Bear Stearns Companies, Inc., Bank of America Securities LLC, Bank of New York, Citigroup Inc., Credit Suisse (USA) Inc., Deutsche Bank Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith, Inc., and UBS Financial Services, Inc. In September 2007, Overstock.com filed an amended complaint adding two plaintiff shareholders, naming Lehman Brothers Holdings Inc. as a defendant, eliminating the previous claim of intentional interference with prospective economic advantage and clarifying various points of other claims in the original complaint. + +This suit alleges that the prime broker defendants, who control over 80% of the prime brokerage market, participated in an illegal stock market manipulation scheme and that the defendants had no intention of covering short sell orders with borrowed stock, as they are required to do, causing what are referred to as "fails to deliver" and that the defendants' actions caused and continue to cause dramatic distortions within the nature and amount of trading in Overstock.com stock, as well as dramatic declines in the share price of Overstock.com stock. The suit asserts that a persistent large number of "fails to deliver" creates significant downward pressure on the price of a company's stock and that the amount of "fails to deliver" has exceeded the entire supply of outstanding Overstock.com shares. The suit accuses the defendants of violations of California securities laws and common law, specifically, conversion, trespass to chattels, intentional interference with prospective economic advantage, and violations of California's Unfair Business Practices Act. + +In April 2007, defendants filed a demurrer and motion to strike the Overstock.com complaint. Overstock.com opposed the demurrer and motion to strike. In July 2007, the court substantially denied defendants' demurrer and motion to strike. In November 2007, the defendants filed additional motions to strike. In February 2008, the court denied defendants' motion to strike the Overstock.com claims under California's Securities Anti-Fraud statute and defendants' motion to strike the Overstock.com common law punitive damages claims, but granted in part the defendants' motion to strike the Overstock.com claims under California's Unfair Business Practices Act, while allowing the Overstock.com claims for injunctive relief under California's Unfair Business Practices Act. + +Lehman Brothers Holdings filed for bankruptcy on September 15, 2008 and Barclays Bank has purchased its investment banking and trading business. Overstock.com elected not to pursue its claims against Lehman Brothers Holdings in the bankruptcy proceedings. On January 12, 2009, the prime broker defendants filed a motion to strike portions of the Second Amended Complaint regarding allegations of collective action among defendants and the request for punitive damages. Also, on January 12, 2009, the prime broker defendants filed a demurrer to the first and second causes of action for conversion and trespass to chattels and a motion to strike various other allegations of the Second Amended Complaint. On March 19, 2009, the court sustained the demurrer to the first and second causes of action, but granted leave to amend the complaint. The motion to strike was denied. On April 20, 2009, Overstock.com amended its complaint against all the defendants, re-pleading conversion and trespass to chattels causes of action. The prime broker defendants again filed demurrer to the amended complaint and, on July 23, 2009, the court sustained the demurrer. Discovery in this case continues. +In the past a chocolate bar cost less than today. In the past, gold cost less than today. + +These commodities aren’t actually increasing in price, the dollar is getting weaker. + +‘Relative to the dollar’ notice emphasis - relative to the dollar, the cost of chocolate and the cost of +Gold rise over time. + +We value them the same, but the buying power of the dollar decreases. We are buying them for the same worth, but our medium of purchase (USD) has decreased in value, thus it “costs more” although its value is relatively stable and the same as always. + +Today if you hold a 100 dollar bill in hand, about 80+ out of those 100 were PRINTED in the last ~24 months. + +So it is safe to say we should expect some serious inflation surpassing the ~2% the fed tries to maintain a year. Capping at around 7-10%. + +My question is as follows. Apple is a company. It has assets. Buildings. Sales. Land. Etc. Just like chocolate increases relative to inflation, just like gold increases relative to inflation. Shouldn’t stocks, which represent a portion of a company also increase due to inflation? If this is true, why even buy gold? Why not just buy stock, which not only increases relative to inflation like gold, but also increases in value as they accumulate in size? +From the looks of it, it seems like blatant corporatism, Park-Chung Hee wants to industrialize his country, he establishes direct ties with businesses like Samsung, Hyundai and LG that soon morphs into Chaebols, he helps them in any way he can, he offers them low interest rates, offers subsidies, etc. If that's the case, why did Italian Corporatism under Mussolini fail? +**\*\*\*\*\*\*\*\*\* I am not a financial advisor, this is not financial advice \*\*\*\*\*\*\*\*\*\*** + +Good morning apes, I'm back. + +[BEFORE YOU SAY IT: Ik this technically makes me Kenny's son; however, as per the laws of nature, a human cannot birth a retarded ape. ](https://preview.redd.it/zab5b8c2oe071.png?width=648&format=png&auto=webp&s=d180afc080ba02d1d170f5b2344372b9ccaadbdc) + +Boy is it good to be back, apes. I've missed you all. I've been gone for a while but have not left the cause. I've been lurking in the shadows, jacking off to DD, and huffing WD40. When I was just a child (a boy in Bulgaria), my father said he was going to the store to get cigarettes... I think he's still there, must've been a long line for those Marlboros. Well apes, unlike my dad, I am returning to you. + +Seriously though, thanks for all the messages and comments asking where I was. I fucking love this community. This has been an extremely busy week for me so I was not able to post any updates. My schedule is still pretty busy but it seems that the worst part is over, so I will hopefully be back more regularly to feed you that sweet confirmation bias. As many of you know, I have posted a few meme dumps. Well apes, today I will be taking another dump... **A FUCKING DD DUMP** (very sexual). So, this post will not be like the usual ones where it has one long theory, instead, it's gonna be a few theories and ideas. + +https://preview.redd.it/o15bfun4be071.png?width=922&format=png&auto=webp&s=ee145f5b13d10dd67ac639b287283af7fc49079c + +# Covid-19, Jerome Powell, and January Squeezes + +I think that everyone (us and Wallstreet included) has kind of brushed off just how crazy the end of January was. Five stocks squeezed to over double in value... all in the same week (BB, KOSS, EXPR, NOK, AMC)... oh yeah and this one stock had a mega-boner-super-asstastic-squeeze (GME). Short squeezes of those magnitudes are rare. But all of these stocks simultaneously squeezing is not weird... it's unprecedented. For a squeeze to happen, a stock must be heavily shorted and a rapid price movement must cause the shorts to be squeezed out of their positions, which adds more buying pressure. So you're telling me that all of these smaller, struggling companies had insanely high short interest and were squeezed at the same time and are not related? Yeah, I don't buy it. Below I will explain why. + +Major short squeezes happen every few years. Little short squeezes may happen every so often, but the big ones happen very rarely. Why are they rare? Shorting is at the core of many HF strategies. It can be extremely profitable. When a fund decides to go short what do they do? They always announce it on CNBC, make a report, stir up news, and hope that others go in with them (they usually do). They only short companies that are overextended or are on the brink of bankruptcy, so it's usually a pretty sure thing. But sometimes, they're wrong. Sometimes they're wrong BIG. + +Why do some of these monster squeezes happen? They usually happen because HFs overly short a stock and get hit by some bombshell news piece that squeezes them out of their position. Again, this does not happen often. Remember, HFs are run by very smart people with extensive resources and experience. When they make a bet, it's usually pretty well thought out. + +https://preview.redd.it/br3vblz3le071.png?width=828&format=png&auto=webp&s=69291c102a2e1a485be8f83c7297d484bd5da18f + +Enter Covid-19. Covid essentially opened the flood gates to shorting. Why? Because Covid promised to shut down the in-person economy for at least a year and promised to obliterate the stock market. Covid-19 created a unique financial situation. Obviously, it led to mass unemployment and a crushed stock market, but what was strange about Covid was that it crushed an extremely strong economy by prolonging and increasing unemployment and decreasing business activity without an actual economic disaster (i.e. most recessions happen because of a system or economic problem, this happened because of a virus, not a systemic economic problem). So, the general idea was that the economy, though strong, would be extremely slow for at least a year because of covid. What a perfect storm? The economy is in ruins, struggling brick and mortars will likely go bankrupt, you won't make any money going long on stocks because the market will be bad, we won't get a vaccine for at least a year, and the general economy will suck (these were their assumptions). So what did they do? They shorted.... a lot. Here is a chart of the volume and short volume of SPY: + +https://preview.redd.it/kv85w7ns0h071.png?width=1214&format=png&auto=webp&s=d4338a41854ee42b8c9e6c98cd3fb32b0ee1eab7 + +Obviously, this does not give a full picture of the market, but it gives the general picture that shorting increased dramatically during the covid crash. So yeah, they shorted. They shorted a lot, and it makes sense, it was rational. Remember when I said that certain struggling companies would be pushed to the brink of bankruptcy? Wow, another great shorting opportunity. So, they shorted BB, KOSS, EXPR, NOK, AMC, and GME extensively because of the premise that the economy would be shit for a while and that already struggling companies would go bankrupt (especially ones relying on in-person sales). How could you not profit on that? It's a slam dunk, right? RIGHT? + +Well, they got two premises wrong. First, the vaccine came out way quicker than anyone expected. Second: + +https://preview.redd.it/gs1iomezxd071.png?width=640&format=png&auto=webp&s=c29f5f22da63d376f0fe408282355e9ac6587187 + +JPow turned on the money machines an unprecedented amount: + +https://preview.redd.it/gqaopf35yd071.png?width=676&format=png&auto=webp&s=a5bd411020e4e236e73548fde85908a028ab6cb6 + +Now one saw that coming. I mean people don't take the time to realize that the market is literally $100 higher now than it was precovid and we haven't even fully reopened. No one could've predicted that. + +So they were wrong - the market recovered WAYYYY quicker. What were the consequences of that? Well, basically every single stock rose significantly and must faster than expected and the market made a full 180. Now obviously, they weren't short on everything in the market and still made tons of money on the 180 turn. However, I think that they over shorted the previously mentioned stocks because they thought they could hit the bankruptcy jackpot, which is why they all squoze together. + +BUT, they wrong the worst with GME and that's why it squoze the most. Out of all the stocks, GME had the most positive news in 2020. On top of that, because of GME's debt and financials, they shorted it the most (we all know the famous 138%). That's why GME squoze the most, it's because the best things happened to the most shorted stock. That's why we're in this situation now. + +Finally, I want to reemphasize how weird this all is. Please tell me how it is normal that 6 stocks, all formerly on the verge of bankruptcy traded in nearly identical patterns for the past year. Seriously look it up for yourself. They all squeeze at the end of January, shoot back up on February 24th, have a huge rise and fall on March 10th and are all trading significantly above their book value. HOW THE FUCK CAN YOU DENY THAT NOTHING IS GOING ON HERE? Do you really think that all of these stocks would trade in identical patterns like this? Yes, stocks trade in similar patterns all the time, but those are usually stocks that follow the SPX in an upward trend. I challenge you to find stocks that trade in such an obscure pattern so identically close to each other as these do. Seriously, does it make any sense that GME is trading at 5x what analysts say it should be? Same for AMC. It makes even less sense that all 6 of these stocks trade in an identical obscure pattern. + +**So why does that matter?** + +IMO, this observation highlights an absolutely terrifying market situation. We all know that naked/abusive shorting has been around for a while. However, it appears that because of low-interest rates and an ease of restrictions, it probably increased more during covid. There has been great reporting in this sub about the repo market, which demonstrates liquidity issues (for wrinkle brains, liquidity issues happen when you've borrowed too much and/or don't have many liquid assets (cash) and is how literally every financial crisis happens because overleveraging creates a house of cards that eventually crashes). Liquidity issues are insanely dangerous in today's market conditions. The FED has been aggressively pursuing quantitative easing (QE) policies where it buys bonds and other assets to help stabilize prices. This helps to push up the economy, along with low-interest rates. Well, when there's a liquidity crisis, the FED literally cannot purchase the bonds and could lose control of the economy. What could be even worse is if we see inflation happen. We are already seeing it happen but according to JPow iTs tRaNsiToRy... yeah I bet that ages well. If inflation happens, then the FED will probably have to raise rates to slow down the economy, which will also hurt the market. + +This terrifies me because it means that institutions are overleveraged because of the easy money interest rates and we are nearing a liquidity crisis AND inflation could force the fed to hike rates. What happens when all of these things meet? The house of cards falls. So, let's say that there's an economic downturn (not a collapse, not a recession, not a depression, but a significant correction). That will lead to margin calls. If you get margin called and you have a significant short stake in, oh I don't know, a formerly struggling brick and mortar gaming retailer that just so happened to tongue punch the fart box of the entire market, that makes you........ FUCKED. Now let me make this clear, we should not be praying on the economy to collapse, that's idiotic. A collapsing economy means people lose their jobs, pensions, and people die. However, we need to be cognizant that we may have found a way to profit off of an impending correction. + +# GME and SPY + +My DDs have also been laced with comparisons of SPY, VIX, and GME. As we know, GME has a negative beta so it is usually inversely proportional to SPY, which is extremely abnormal. GME seems to be directly proportional to the VIX. The VIX spikes during market volatility, which usually comes with margin calls. You put the rest together. + +However, I found something very, very interesting. According to my chart, it seems that GME is consolidating to earnings and the annual meeting. Obviously, this could be broken at any time or I could be completely wrong. It could also do what I said it's doing in my last DD and just keep forming new consolidations. Here's what I drew for GME: + +https://preview.redd.it/r0wws7b78e071.png?width=1882&format=png&auto=webp&s=880c42035e34628a43a14f1d18c000f50b2a1585 + +It seems that they line up right around the blue question mark, which is earnings. The annual meeting is the very next day 6/9 (lmao nice). For those of you who just popped a quarter chub because you saw the yellow lines, yes those are my FTD cycle lines. The next one is sometime next week. Refer to u/criand's DD because I am crowning him **FTDaddy**. + +It would make sense for GME to consolidate up to this point. Last earnings we saw a big move (not in our fucking favor though). This earnings, however, comes before the meeting, which is significant. As many of you have pointed out, this meeting could expose the massive number of synthetic shares through voting numbers. I have also noticed that there has been absolutely no news relating to GME for the past few weeks, which is very strange considering the barrage we've been getting the last few months. Could this mean they are saving something(s) up for the annual meeting? This is all speculation but it would make sense to me. + +So, remember that date, 6/9 (lmao)? Well, look at SPY: + +https://preview.redd.it/33ede0v39e071.png?width=1818&format=png&auto=webp&s=6d2564167f462ae8cdbb28ed41328d569b0936a9 + +I call the red line the death line because it's where I call BS on this absolutely crazy pricing based on historical pricing TA (this is a week chart btw). See that apex, guess what day it converges? 6/9. Coincidence? Yeah probably. Something to give you hope and help you sleep at night? Of course. Just to give you a little more confirmation bias, check out RIS (again one week chart), last time we were this oversold, the market literally died. Considering what I said above about liquidity, we could be seeing some major, major shit happen soon. AGAIN, this is just absolute speculation and conjecture and is probably not related... + +https://preview.redd.it/xxrtd1os9e071.jpg?width=1804&format=pjpg&auto=webp&s=c50f0c0d9652d570b14bb3bbc6414fde12a073d1 + +The point of this is that SPY cannot keep these prices up forever especially considering the likelihood of inflation, the possible liquidity crisis, and the overleveraging we are seeing. GME, moreover, should not be behaving like it is without something fucky going on underneath. Something's gonna give soon, apes. + +# The Fucking midday volume spikes + +The stuff above was mostly my theories and opinions, this is probably the best actual new DD that I have in this post. I have said in many of my DDs that there are these random midday positive volume spikes. I always noticed them, as I'm sure many of you have, but never took the time to document them or to do anything with them, until now. Below is a table of these spikes from the past few weeks: + +https://preview.redd.it/pxhieq516e071.png?width=1284&format=png&auto=webp&s=e40f6d81c2f5761ca021f1f6721e595ee81030ad + +**EDIT:** This is what the volume spikes look like (don't mind the blue and yellow lines, just look at that giant green dildo in the middle of the day: + +https://preview.redd.it/cfqnjxjr5h071.png?width=850&format=png&auto=webp&s=60194d4a42674e06cdeceaff0f3f110d69942e12 + +The commonalities in all of these are: they are positive volume (i.e. price goes higher), they are the highest candle in their given day BY A MILE, they happen between 11 am-2 pm, they happen on absolutely no news. This is only from a few trading days, so it is by no means exhaustive. However, I went through and looked and this has been happening for a very long time now and it is consistent and common. Seriously check it out for yourself. Go on a 1-minute time frame on any given week and you'll find at least one of these random spikes. I also looked at AMC... same exact thing happens with that stock (goes back to my theory about them being related). So what does this mean? Quite honestly I have no clue. It's strange that it happens in the same time period, is the highest volume in the day, and is positive. Could it be a short covering? That's what I'm guessing. However, I need more data to make that conclusion. My next DD will probably be about uncovering more to this. Note that I did not cherry-pick the above data, this is just the most recent data from the past few weeks, this trend is extremely persistent and I intend to look into it more and invite other apes to do the same. IMO, this probably has something to do with a smaller time frame FTD cycle because of how common and persistent it is. So, expect my next DD to be something about this. Sorry I couldn't do a full DD on this right now, again don't have the time currently, so this is just a little cock tease, but expect something about this in the future. + +With that in mind, just wanna give a shoutout to u/criand for being an absolute god. This guy pumps out DD I like I pump out turds after Chipotle. His recent DD on the FTD cycle is the best FTD cycle DD on this sub by far and he basically cracked the FTD cycle code. + +# Closing Thots + +Apes, I'll say it again, none of what is happening with GME is normal. I could make a laundry list of the abnormalities - the price being 5x analyst predictions but not budging, OTC trading, random volume spikes, FTD cycle, difficulty to borrow, relatedness to other shorted stocks, consolidation patterns, gigantic drops, etc. etc. etc. The point is, something's going on and something's gotta give. What do all of these abnormalities make me? + +[HARDER THAN EVER](https://preview.redd.it/6adccfbabe071.png?width=1080&format=png&auto=webp&s=f17c0be2c20907e258334ba516103fadfb4fc868) + +Thanks again for understanding why I was gone for a little bit, I really appreciate it. Idk when I'll be coming back because the next few weeks are not super predictable for me and could be busy... but I will be here... watching.... reading.... jacking off. As always, stay strong apes. + +**TL;DR** + +Hank is back. Thanks for your patience. Look closer at the January squeeze. Group of stocks moving in unison. Not a coincidence. Covid created perfect storm for all of this. Economy could correct/crash. Inflation/leveraging/liquidity bad. SPY too big. GME might benefit from this. Midday volume spikes exist. I am curious. I will investigate more. I have a half chub. + +**\*\*\*\*\*\*\*\*\* I am not a financial advisor, this is not financial advice \*\*\*\*\*\*\*\*\*\*** +Liquid net worth is roughly $6.5M with a $3M generation-skipping trust coming at the time of my mother's passing (not including this in my current NW): + +* $5M - $6M investment portfolio +* $3M generation-skipping trust (GST) (this will not materialize until my mother passes) +* $600k primary home +* \~$500k other assets (company stock, cryptocurrency etc.) +* \-$400k mortgage debt + +I have lived in the above house for 5 years and plan to move in the next 1-2 years as kids are on the way. Joint income across W-2 and dividends is $350k. Generally speaking, how much house should I feel comfortable purchasing with the above numbers in mind and assuming we put 20% down. + +Edit: location Atlanta, GA +I'm an old head. Been working my whole life doing okay. Yeah, I lived through 2008. I've always been in manufacturing and since I live in Michigan that manufacturing has always centered on automotive. 2008 wasn't good. Married raising two sons and the floor dropped out in an instant. I admit it. I lost the house. It is what it is. You take a few on the chin and keep moving on. So fast forward to December of last year. My oldest tells me about this Gamestop stuff. "You should look into this. It's interesting". Reddit wasn't unknown to me I've been active for quite a few years but never ran across any of this stuff and to be honest with you (at the time) I probably couldn't even spell rehypothecation let alone have a cursory understanding of it. The more I read the more I learned. Now I sit here as a fellow diamond hand and something occurred to me. Why? Why is this all what it is? Most of it makes no sense. Still doesn't make any sense. But some of it does make sense. At least to my highly unrefined brain. The one thing that makes sense in all this craziness is Ryan Cohen. For whatever reason he's the only part of any of this that makes sense to me. To someone who isn't a father or hasn't lived the life I've lived the Ryan Cohen component might be one of the things that to them...doesn't make sense. We all have our perspectives and to me the Ryan Cohen perspective is the easiest to figure out. Chances are I'm probably wildly off. I might have built this perspective in my brain in an attempt to figure out 'why'. Maybe I'm wrong. Maybe I'm right. I'll probably never know but it is what I believe and what I believe is it's all about a birdhouse. + +We've all seen Ryan's tweets about his Dad. I'm sure most of us have read the stories written about Ryan and his Dad. We've read what Ryan has said about his Dad. I think these things are very important. Take yourself back to when you were a kid. You can use your own examples. I think the examples vary but the feelings are the same. For me, it was a birdhouse. My old man was a house painter who could hand craft things. He could build a fence and build a garage. He was a creator. Its a compulsion. The need to create. "I need to make something". So one weekend's task was to build a birdhouse for my Mom. Pops took me out to the shed and we gathered up some hand tools. We shot to the lumber yard and he picked out the wood he'd be using. We got home and I watched as he started creating. I was just a wee lad so I really didn't know a handsaw from a roofing nail. He took the time to show me. Before I knew it he had me building a birdhouse too. He had his and I had mine. By late Sunday his was done. It wasn't majestic. It didn't have gold leaf or ornate trimming but it was stout. The joints were tight. The walls were solid. The roof was waterproof. Everything you need for a birdhouse. He hung it on a tree. I remember my Mom kissing him on the cheek. She got her birdhouse. + +I was probably too young and too stupid to know any better so I just kept going. Dad was already inside as I continued to bang away and bend nails and saw corners that barely fit together. It was dark. I kept looking at my pile of hilarious wood and his birdhouse and comparing. Obviously one was not the other. Mine was a mess. But it was mine...and I liked it. + +I put the birdhouse in my hands and walked inside. Pops was already half asleep in his chair watching TV. I outstretched my hands and presented my birdhouse. I didn't say a word. My dad's eyes opened. He looked at it and he looked at me. While half asleep he muttered something like "well that'll make for a good one, Joe. that'll be just fine". + +That night I fell asleep thinking about what improvements I could make. How I could do some things differently. Better. When I woke up I immediately sought after my birdhouse. I looked next to the chair. I looked on the work bench. I looked everywhere. I thought maybe Dad threw it away. I looked in the garbage pails. It was gone and so was Dad. He was already at work. I eventually found it by not looking for it. I eventually found it. There it was. Hanging in the tree right next to the one Dad built. + +I choose to think Ryan Cohen is a creator. He is a builder. Its something he cannot control. How many billions did he have after Chewy? How many sandy beaches does that buy? How many lifetimes of luxury does that buy? What does he do instead? He dumps his cash and time into a dying brick-and-mortar retailer and gets laughed at by just about every talking head on earth. Why? + +...because after he's done he's going to walk up to his Dad with outstretched arms and without speaking a word he's going to say "Dad, look what I built". +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. +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. +I thought that this kind of things happen to others, but I was wrong. Ethermine mined the block with this transaction, do I have any options or not? I contacted Ethermine on Twitter, not sure would they help me... [https://etherscan.io/tx/0x5641c38bf30fd19ad3332100762017573ee676f35250dcf4a976bb0cfe31ac2f](https://etherscan.io/tx/0x5641c38bf30fd19ad3332100762017573ee676f35250dcf4a976bb0cfe31ac2f) +The government has borrowed a record number of £270bn from fighting the pandemic this last year. (BBC) + +This without a doubt will affect UK firms as well as stock returns. +- Lower national income and savings +- Large tax hikes leading to spending cuts +- decreased ability to respond to problems + +Is this the end of the bulls in the uk? Not long till other countries will have to catch up on their debt acquired during the pandemic and follow suit. +I am 19 years old and have never been taught how to properly handle money for my future and don’t have a clue what to do but I would rather start now than when I’m in my 30s/40s as I always see people say they regret not thinking about their future when they were younger, if you could tell your 19 year old self what to do to be financially secure in the future what would it be? +When the markets fell last Monday, I invested around 10k in my MF holdings through KFintech and MyCAMS. The investment was way before the cut-off time for the day but as it happened the units got alloted 2-3 days later when the markets had recovered. Almost the same thing happens with automated SIPs as well. And today the markets have fallen again. + +How do you protect yourself from such volatility when investing via AMC website also doesn't guarantee same day NAV allotment? +I see a lot of posts on here talking about how amazing it will be to be financially independent, and retire early. + +And rightly so. Wouldn't it be incredible to never have to work again? Work sucks, right? + +I just wanted to offer my perspective. + +I'm from a FAIRLY wealthy family, and by that, I mean wealthy enough to support me at a low-level income without my really working. I have never been afraid to quit a job, because my family is always there to catch me. I don't pay rent currently, because I live in an apartment that is owned by my family. My jobs usually don't last very long, and I am able to go for long stretches between them without working. + +Even as I'm writing this, it sounds pretty nice, but the truth is actually a lot dimmer. I struggle constantly with insecurity, and I haven't been able to hang onto a relationship for more than a few months. I'm always searching for purpose, because my life seems meaningless at times. I spend a lot of my days acting out on addictions, just trying to get away from the feeling that I am wasting my life. I don't HAVE to create anything productive, I don't HAVE to add value to the world... so why do it? I feel insecure about my place in this world, because I haven't really earned it yet. + +I'm not saying to stay in a job you hate, or that reaching for FIRE is a bad goal... but being financially independent, retiring early, not having to work... none of those things in themselves will make you happy. You will just have a different set of problems to deal with. + +I hope this doesn't offend anybody here. I wish you the best of luck on your goals, and I hope your financial dreams come true. + +&#x200B; + +EDIT: well THIS blew up. Thank you to all the people who interpreted this as what it was meant to be, a sobering and cautionary tale. + +For others, this post was written in response to other posts I've seen on here. Other posts will say, "I can't wait to never work again..." or "my life will be AMAZING when I don't have to work..." I wanted to warn you against disappointment, in case an easy life with unlimited free time turns out to be less than you thought it would be. +My father told me about a stock he missed out on investing in. He said that he watched it over that time and eventually it rose 100% in value. TWO YEARS LATER. He was so shocked and impressed and ashamed that he didn't invest in it when he had the chance. + +I looked at him and went....two years? I've seen plenty of coins that did quadruple that in a matter of days. He looked at me like I was from another planet. + +I think crypto has ruined my concept of value. + +It won't always be like this... it's really insane when you think about it +Hi guys. Just found this new course from Georgia Tech on machine learning for trading. It's free and needs no registration. Here's the [link](https://omscs.gatech.edu/cs-7646-machine-learning-trading-course-videos). I haven't started or watched any of the videos. Feel free to drop any feedbacks for the course. +Thanks! +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Adding body because I have to but the title says it all. Let’s stop FUDing people who have the means and experience to buy calls and let them fucking buy calls. Clearly this is the way as well as the obvious BUY, HODL, DRS! Something fucky is happening here tonight and we aren’t going to let this one slip under the radar. + +Edit: adding link to Charles Gradante vid - [Charles says it all](https://m.youtube.com/watch?v=OChaTm0To1U) + +Edit: No, I am not giving financial advice. No, I am not telling anyone to buy calls. I am just sick and tired of seeing people who mention options being called shills and downvoted. Everyone should 100% make their own decisions and play within their own means. If you want to stay away from buying calls, that’s cool too!! I hope that clears things up - I love you all <3 +Hello community, + +obviously throwaway account to keep a low-profile. I am from Germany, 32M, no kids, no debt, and I FatFired a few month ago, luckily / sadly through inheritance of several assets (shares, stock portfolio, RE, crypto, ...). We have here such a thing called inheritance tax which hit me though I had to pay it. I quit and my decision gets reinforced every time I speak to my old friends and colleagues – no politics, corporate b\*lsh\*tbingo and bad managers anymore. On top, I nobody told anything, I am taking a sabbatical. + +My current liquid NW is around $ 50M. I sold all real estate due to upcoming renovations and I wanted to get rid-off headache with renters and property management. + +My current portfolio is very simple and fits to my risk avoidance profile for my next move with the goal to preserve wealth with subtle growth: + +$ 2M cash + +$ 45M ETF + bonds (90/10) + +$ 3M some short-term bonds and blue-chip shares. + +No mortgage & debt but a pile of cash. + +All taxes are being paid and I was aided by multiple tax lawyers and CPAs. I’ve got a permanent residency card by playing the DV Lottery every year and eventually I was lucky. -> To keep the green card, I have to move or I must surrender it. This might cause some red flags getting an ESTA visa. UCIS and CBP don't like that. + +My starting point will be Seattle, WA where I will start to settle down and keep it as my home base during the summer. I want to keep my flexibility, so I am going to rent out a nice city apartment or townhouse and start traveling around the country / world until I get bored and find a nice home base. + +Unfortunately, I need to sell off my entire portfolio to move it to an US broker / bank because, new learning, due to regulations it isn’t easy to transfer my assets and it would cost more than my taxes. I talked to several lawyers who are specialized in those topics. + +Anyway, I’ve already talked to Chase, Schwab and Fidelity and they’re happy to help my when I move my cash to them. + +I plan to build again a three-fund (ETF) and bond portfolio, build a credit history, and do some investments in either RE or VC or both on the long run. I plan to live pure on gains and returns. + +My biggest concern is to start in Seattle, WA and to find a way to blend in into the community, learn the language, get used to a new lifestyle and to make some friends. + +I am not the outdoor type yet, I might become one once I hit nice spots and people. I like a warm environment (there's no need to have a sunburn 365 days per day), the sun and I definitely will try new hobbies and outdoor activities (kayaking, golf and tennis is on my list). I am a sports guy, like going to the gym and traveling, riding my motorbike, plus good food is most important to me. On the other side, a low profile without flushing my wealth around has utmost importance. As I don't have to stick to one place, I can move temporarily during the wintertime to places like Florida, Arizona, SoCal, ... + +Do you think Seattle is a good place to start? Feel free to share your advice. Any advice or regrets? + +What cities are more favorable in terms of making relatively easy friends? + +If you find any typos, let me know. I am not a native speaker. + +&#x200B; + +\### + +Update: I am positively overwhelmed by so many comments! Community, I like you! + +PS I've been working in the IT/tech industry, so this might be a good topic to blend in into a community. + +Update 2: I wasn't aware that Washington passed a bill that creates a 7% CGT + +&#x200B; + +My biggest appeal: Don't DM me and explain how desperate you are, that you don't have any money and beg a stranger on the internet for money. +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! + +About 7 years ago I was introduced to the OTC market and that’s how it all started. I had always been interested in the stock exchange but I had finally opened a TDA account to bet on garage based companies; hoping that one would give me that 10,000%, eventually learning OTC was trash. + +Then a man whispered, “options” into my ear. I did much better with options in spite of blowing up a $6000 account during my learning curve. That’s when I got serious. Being run over by the bull dozer I’d been trying to doge flicked a switch. I started funding the account while paper trading, researching, analyzing. Learning! When I saved up $3000 I went on to grow that to $8k in a year. Life took some profits and my confidence brought on risk that, in the next year, really hurt my account. It was frustrating. So back to the drawing board, researching and learning. + +Presently I’ve grown my account over the Day trading margin. Now I’ve always been into intraday trading throughout my experience. But being limited to one direction and 3 roundtrips a week made coming up with a strategy difficult. Swinging spreads and potential gappers is were I did ok. + +The past two weeks I’ve been taking 1 hour at work to trade & practice my strategy. Sometimes a little more if the pre-market is moving. Right now I’m keeping my position size low with an ultimate goal of $200/day. I like to find gappers and technically decide if I’m short or long bias. Then I wait for a few 1 minute candles to see if my expected support or resistance lines develop based on another time frame. Once it breaks I’m in for a scalp. I have a few other strategies but I tend to go for this one the most. + +Week one was $800 and my second just over $1k. Eventually I want to move my daily goal to $500. I’m not looking to get rich. I’m looking to buy time. I’m sick of selling my time to people for peanuts. 80% of my life for about $80k a year feels like I got the short end of the stick. With the new house and hardly seeing my family, or when I do I’m just exhausted, has really got my gears turning to figure out a different way. + +I feel like I can do it.. + +Thanks for reading my story. +Be careful out there, and don't forget to compare/review historic price developments. + +If Amazon is your bet, [https://uk.camelcamelcamel.com/](https://uk.camelcamelcamel.com/) is a great tool. + +Which? named Amazon and Very as "the worst retailers overall for dubious discounts". It found more than 70% of products included in its analysis were cheaper at other times of the year compared to their Black Friday price. + +Good luck! +This is a throwaway because my ex-coworkers know my main account. I’m in California. + +I worked full time remotely at a company for 5 years. My wife is a stay home mom and we have two kids (a 2 year old, and a 6 month old). In the final two months of my employment, I got fewer and fewer projects to work on. In April, my boss emailed and told me they were going to change my full time employment to part time, dropping me from 40 hours to 8 hours or less per week, and that I will also lose all of my benefits. He said they didn’t have have enough projects to keep me busy. I can't afford to lose my hours and medical benefits (it is what covers my family!), so I emailed my boss and pointed it out to him that cutting my hours from 40 hours to 8 hour or less is a lay off. That I would rather he just laid me off so I can start looking for a new job. He agreed and told me he is going to process my lay off per my request. + +I applied for unemployment and during the phone interview for unemployment eligibility, the interviewer told me my boss told them that I quit my job because I was not satisfied with the work. I told them that was not true as I was laid off. The interviewer told me they were going to investigate. Today I called the EDD office to follow up, and they told me my claim was denied and that I would a denial letter within a week. + +I have been applying for jobs and have couple interviews lined up. I also have enough emergency funds to cover for expenses while I’m looking. But I do need the unemployment money in case I can't find a job in time. + +Do I have a case for an appeal? + +Edit: Yes, I have all of the emails copies. Is email evidence enough to proof my case or I should hire a lawyer? + +Edit 2: Wow, more than 7000 upvotes!! Thank you all! Didn't expect this will get so many attentions. +Let me answer some of the questions here: +1. I forwarded the work emails to my personal email account before they took over my work email. +2. I pointed out to them that what they were doing (cutting my hours from 40 to 8) is consider a lay off and I rather they just do it. I didn't mentioned I am going to look for a new job. + +As a high school senior, college prices are scaring me quite a bit. It's not abnormal for the sticker price of a liberal arts private school to exceed $70,000 per year. Even in-state public schools in my state are pushing $25k/yr. So to recent college grads with debt, was the choice you made to spend x amount of money on school worth it in retrospect? + +This is my first reddit post, ever. Please forgive me if this is the wrong place to ask this question, or if I've made a mistake in posting it. Thank you in advance! +I already posted about Kiraverse. So have many others. If you don’t know by now that it’s a high end multiplayer shooter game where you can bring your own NFTs, rent them, ride Cyber Cycles, shoot at Meta Boys with Chrome Cannons, and even use your own BYAC NFTs as characters, then do some fucking research. The Cyber Crew and now featured ParamLabs/Kira are the games you’ve all been waiting for to push this to the next level! Seriously, join their discords, sign up for the alpha, and step the fuck up. Believe it or not, you can do ALL of this and DRS at the same fucking time! + +It’s here, but the bullshit making it through to Hot is not the stuff the company is focusing on. Look at the games! Those are our revenue streams! Those are the future. Check them out, and give them love. + +I have been angry, salty, tired, worried, happy, confident, and most importantly DEDICATED. No way I’m losing to some dumb fucking banker. I’ll die of old age first. + +Anyways, love you. Stay frosty. Enjoy this weekend because the next one might just be completely different. Take care of your fam! ❤️🏴‍☠️💜🚀🏴‍☠️ +So I’ve been a cobinhood supporter since post ico, so naturally once the exchange launched I deposited my ~90k cobs in, this is where the trouble started, see with cobinhood you can’t withdraw until you’re level 1 verified, this took me days and a lot of hassle with the team first saying Aussies were banned, then allowed , however I finally got verified, during this time I did some cob trading and managed to increase my cob stack, now anyway fast forward to today, I login and half my balance has been wiped out, I had withdrawn 49k cobs, I had 4K usd left, 23.64 eth and 21k cobs, then I message the team, after they fix it they email me saying it was actually a bug on the exchange I re login and my _whole_ balance is wiped, on top of this the team NOW say the balance is correct, + +_DO NOT USE THIS EXCHANGE_ screenshots to come +So I am the son of a mechanic of 35 years. He's been able to keep up with the current technologies and has worked on some of the most basic and advanced vehicles in the modern era. + +It pains me to see people say, "buy a cheap reliable car" as if that is something easy to do. Unless you know a good mechanic that has access to dealer trades and auctions it can be tough. Here in SW PA, cars over 150k miles are usually junk. Rust due to salt, transmissions blown due to hills, etc. Unless you live in the suburbs, cars are not garage kept. My dad and I set out to find my grand mother a replacement car. I gave her a 2005 grand prix in 2014 with no rust and in 4 years of being outside, the rockers cannot be patched anymore. + +We looked at around 35 cars and unfortunately my dad is retired. So he does not have access to dealer trades or auctions and most of his contacts have moved on or retired as well. This is a compilation of what we saw. + +&#x200B; + +35 vehicles total + +&#x200B; + +20 costing between 4-8k + +* 11 had rust beyond belief +* 6 had check engine lights for multiple things (dad had a scan tool) +* 3 had a fair bit cosmetic or mechanical issues (suspension or a ton of wear items) + +&#x200B; + +15 costing 8-12k + +* 6 had too much rust +* 3 had check engine lights for multiple things +* 3 had a fair bit cosmetic or mechanical issues +* 2 were priced way over market value +* 1 we found for just over 12k that we bought (was listed at 14k) + +We looked at a wide range of cars. Sure about half were GM, but the rest were Subaru's, Toyota's and Honda's. So this idea that people can "easily" find a "cheap but reliable" beater is a but insane. Many of these cars would cost even us thousands to maintain for a year. They could easily strand my grandmother as she travels to my uncles house every month (2 hour drive). Her old 2006 grand prix started to have issues, water pump, suspension work and the rockers were shot, patched 3 times. + +Now I am not advocating for buying a new car. But we ended up reaching out to my other uncles and they all put together money for a 3 year old chevy trax for her. It has far more safety features than her old car, does much better in every crash test, should be reliable for 3-5 more years, etc. We could have gotten her a sonic/cruze but she didn't feel comfortable in them (too low and small) and she's in her 80's so comfort is a thing. + +But the moral to the story is, when offering "advice" you need to understand that a "cheap but reliable" car is not an easy find and if you live up north very difficult to do in many cases. Don't assume that everyone has connections and has a reliable mechanic that can easily find good and cheap deals. My dad found me that 05 grand prix that I drive for 5 years and it was about 8k when I bought it in 2009, but that was back when he had unlimited access to thousands of cars. + +&#x200B; + +\*\*\*EDIT\*\*\*I want to clarify something. Reasonably safe & reliable vehicles do exist under 5k. Even in my area. Out of 1 gem there are 10-20 POS Junkers. My point is, the average person cannot change their own oil. They wait 6 months after the oil light comes on to change it, drives tires to the cords and didn't know you need to replace brake pads. Those same people also don't have a reliable mechanic, know someone at a dealership or someone who goes to auctions. They do not have the know-how to find a cheap but reliable car. And if you take a look at the marketplace or Craigslist, people who are selling most of these cars say, "Only needs $20 part to pass inspection". And if you're on a 5k budget, can you afford to take 10-15 cars to a mechanic charging $100-150/car? + +Let's also take a look at safety. Back in the day, without automation, head-on collisions were far more common this is why there was not need to put the front brace all the way across the front of the car. Due to better safety features, small-overlap is more common. You're 2004 civic has no front brace at a 15\* offset but that 2017 Cadillac the other person is driving does. So surviving a small overlap crash in an older vehicle is actually very low. + +I am not saying buy a new or expensive car. My point is, once you're financially sound, you should look to save and buy a more reliable and safe vehicle. Spending 10-14k on a CPO vehicle, unless you're in a financial mess is not a bad idea. Those Sub 5k beats can cost more than double in maintenance in just 2-3 years. Take that 5k, put it down in a 2-3 year old CPO vehicle and pay off the other 5-9k over a 2-3 year period and drive that car for another 5 years. If you HAVE to get a beater, PLEASE get someone who can help because I've seen hundreds of people get swindled. + +&#x200B; + +\*\*EDIT 2\*\* I own a 2017 golf which will be paid off this year and wife drives a 2015 Sonic which will be paid off in a few days. We plan on driving these cars for awhile. We are considering upgrading her in a few years to a 2-3 year old car but with cash. +I am a lot in oil so i would like to add some stable stocks to hold long term. I like Unilver, Sketchers, Restaurant Brands International and Intel. I look for dividends and also for long term growth. + +Other stocks i like is Brk B and PVH, and mining stocks - Rio, bhp and vale. + +P.s Started position in O last month. +With the current decline in the stock market we are starting to see some of the big name FAANG stocks to decline to attractive levels? + +&#x200B; + +Do you think any of them could be considered value stocks at these levels? +* In the fall of 2008, with General Motors and Chrysler on the precipice of bankruptcy, executives at the car parts supplier Johnson Controls flew to Washington. + +* The company’s president testified before a Senate panel and implored lawmakers to bail out the auto industry. + +* “Speaking for our company, and, I am sure for all auto parts suppliers, we respectfully urge the members of this committee, and the Congress as a whole, to provide the financial support the automakers need at this critical time,” Keith Wandell, then the president of Johnson Controls, said, warning that the failure of even one automobile company would “implode” the supply chain and lead to broad job losses. + +* Congress approved a bailout plan worth almost $80 billion for General Motors and Chrysler, saving the automakers and, indirectly, suppliers like Johnson Controls. + +* Johnson Controls has aggressively sought — and received — a series of tax breaks and other deductions to do business in the United States. Between 1992 and 2009, the company received at least $149 million in tax breaks from Michigan alone. + +* By 2010, with its business back on track, Johnson Controls doubled the pay of Stephen Roell, then its chief executive, to more than $15 million. + +* Despite the federal government’s rescue — and hundreds of millions of dollars in tax breaks over the last several decades from states like Michigan and Wisconsin — Johnson Controls said on Monday it was renouncing its United States corporate citizenship and moving to Ireland + +http://www.nytimes.com/2016/01/26/business/dealbook/a-tidal-wave-of-corporate-migrants-seeking-tax-shelter.html?_r=0 +Hey everyone. I wanted to start a poll on what newest cryptocurrency you guys think will become the most popular or adopted in our community. I took a list of the currently most popular ICOs and coins talked about on bitcointalk.org that were created (somewhat) recently even though some of them will be a bit older. Here is a link to the Strawpoll: + +&nbsp; + +http://www.strawpoll.me/13558194 + +&nbsp; + +EDIT: Here is the current list of rankings from the poll: + +1. Golem: https://golem.network/ + +2. Karbon: https://karbon.io/ + +3. ICONOMI: https://www.iconomi.net + +4. Status: https://status.im/ + +5. Augur: https://augur.net/ + +6. Bancor: ttps://www.bancor.network + +7. EOS: https://coinmarketcap.com/assets/eos/ + +8. Humaniq: https://humaniq.co + +9. Gnosis: https://gnosis.pm/ + +10. Skincoin: https://skincoin.org/ + +11. BlockCat: https://blockcat.io/ + +12. Pillar: https://www.coinschedule.com/projects/1201/pillar-ico.html + +13. Bitquence: https://www.bitquence.com/ + +14. Mass: https://mass.network/mass-coins.html + +15. VEROS: https://veros.org/ + +Found it interesting that Alameda Capital was essentially burning $1.5M-$4.6M/month (Bankruptcy filings dont show how many billing periods they've allowed to go unpaid, presumably 2+current month) + +https://preview.redd.it/psbps6ngvx2a1.png?width=3168&format=png&auto=webp&s=e1827f9ffd0c2fb7cb8b0f1fc88fb169fe73e87b + +But their Algos turned out to be... Lacking, to say the least. + +Even at $1.5M/month that seems extremely wasteful, but would love to hear some theories on what they were "splurging" on in services. + +The self-hosted path has kept me running slim, with most of my scripts end up in a k8s cluster on a bunch of $500 mini pcs (1tb nvme, 32gb ram, 8vcpu).. Which have more than satisfied anything I want to deploy/schedule (2M algo transactions/year). + +https://preview.redd.it/l3hia0ejwx2a1.png?width=2214&format=png&auto=webp&s=ab5f4090eccc597c8f4696edd180d3d17b5fd956 +So I’ve been day trading for 2 years.. I take it very seriously.. track the market.. journal.. track my trades.. I’ve learnt a lot.. but I’m still not profitable. + +Last month I had 10 losing trades in a row.. I’m only down 4K total since I started trading.. but my emotions are constantly getting the better of me. + +My friends know I trade and ask me for advice on their holdings.. I almost always give them good advice that helps them to sell and buy back at the right times.. ect.. this week I stopped and said I’m just going to paper trade to get out of this slump.. I’m making 1000 a day on a paper account.. I have some psychological barrier I need to get over.. I know how to trade.. I know my patterns work.. but I’m too attached the outcome when I’m trading a live account.. and I’m making a lot of poor decisions that I would never make if I was objectively looking at the market. + +Anyway just sitting here on a patio having a beer thinking about how I need to get over this and step it up or else I’m not going to make it.. anybody has any comments or advice that would be much appreciated. + +Edit** thanks so much for the responses.. really appreciate this community. I’m not going to give up and a lot of very useful advice was given. +https://www.cnbc.com/2020/06/22/wirecard-says-missing-2-billion-likely-doesnt-exist-shares-crash.html + +So they first claimed to have the missing funds with two Philippines banks but not only do those banks say Wirecard wasn't a customer, according to the article + +> the Philippines’ central bank said Sunday that the money hadn’t even entered the country’s financial system. + +This now surely goes so far beyond an innocent accounting error, I can't see how it's not anything other than a criminal conspiracy with the deliberate intention of misleading investors. + +If German prosecutors aren't already preparing a case they really need to get started. +Did we not say that important data would come out on 2/9? Where the heck did everyone go? + +The point of investing in GME was primarily to stick it to the hedge funds and ride it out until they couldn’t do it anymore. If you can’t stand to lose money, you shouldn’t invest or you invested more than you were willing to lose. + +If you’re a real holder, you’re waiting to see what happens. I hold 55 shares of GME at $224. + +Edit: Holy cow I’m getting ripped apart in the comments lol. Yes the point is also to make money, and I’m here out of principle. + +Edit 2: The main reason I bought so much is that I was so frustrated and upset by Citadel’s and Robinhood’s actions as well as those by other brokerages. If you don’t believe me, then I don’t know what to tell you. + +Edit 3: I just like the stock🚀🚀🚀 +Hi again glowing cunts + +I finally got around to drafting up the email to PEN shareholders relations, I scrubbed the list of all references to any individual user, let me know if you want to be added back in. + +Also post any criticism/changes you think I should make with my writing/tone before this abominable mess gets sent through. The handle of the email is ASX.PEN.Holders@gmail.com + +**EMAIL BEGINS HERE** + +Dear Mr. Heili, + +I hope this email finds you well. I am writing to you on behalf of a group of differently minded individuals who call /r/ASX_Bets home that have decided that PEN IS the most promising junior Uranium developer listed on the Australian Stock Exchange. We all feel the beginning of a new bull cycle in this sector. You have earned the highest honour we can bestow, the 5x 🚀 rating. Collectively, we have accumulated most likely no more than 1% of shares outstanding, but we are firm holders of PEN. I hope you agree that it is not the size that matters, but the way we use it. Unfortunately, our timing into the market has been poor. There are multiple freshly created long term investors who are desperate for a rapid recovery following the recent plummet from PEN.17 to PEN.15 to this most dreadful PEN.10 low. We understand that creating value out of thin air is not as easy as a magician pulling a rabbit out of hat. Therefore, we have put all our individual brain cells together to generate a series of ideas that if implemented with a powerful vision,we believe could have great long term growth potential and send this red rocket to the moon. The items are as follows + +#1. Start producing fissile material for Kim Jong Un + +#2. Create an Onlyfans + +#3. Collaboration with KFC, Glowing tendies for all, we have many willing buyers + +#4. Start a pump and dump with Biotech Nuclear medicine rumours + +#5. Sell a radioactive box to make your PENs grow bigger + +#6. Glow in the dark Pokemon cards, new rarity class on top of holo? + +#7. Partnership with ASX:DLC to make PENetrating™ Uranium dildos + +#8. Collaborate in tea making with Putin + +#9. Start organ trafficking with the CCP by encouraging mutagenic growth in "volunteers" + +#10. Open a lemonade stand + +#11. Fraudulently employ workers to steal Stimulus PPP money + +#12. Ask CEO nicely to do some market manipulation (Just a prank bro) + +#13. Nucleosynthesis of Lithium from decay products to raid LRS/LKE tendies market share + +#14. Extend Joe BiPEN's half-life and make him run another 4 years + +#15. Build Nuclear Bomb powered rockets and beat Elon to Mars + +#16. Collaboration with Coca-Cola and start making Nuka-Cola with Uranium Glass + +#17. Lobby the Australian Government to stop raping staffers and start building Nuclear plants + +#18. Have CEO Wayne Heili start streaming Fallout New Vegas on twitch + +#19. Watchmen advertisement, stick a PEN logo on Dr. Manhattan's giant PEN?? + +#20. Uranium laced Fish tackle, glows in the dark, skins the fish before it reaches you? + +#21. Rename the ticker, BBC/BWC, something suggestive of large growth + +#22. Rebuild Texas power grid with Nuclear power, if they don't call them Commie cucks + +#23. Take a lump of Uranium into the US senate, start snorting flakes to prove how safe it is + +#24. Lobby for a Uranium themed state fair in Wyoming, glowing candy floss etc. + +#25. Partner with Goop and make Uranium eggs to shove up your cooch + +#26. Wicked Wicked Wings, topped with Uranium flaked seasoning + +#27. Make Gluten-free flour out of Uranium somehow??? + +#28. Run a Banana stand alongside the lemonade + +#29. Change the company name to Peninsula Renewable Blockchain Energy, ride the Bitcoin pump/hype + +#30. Fill recovery holes with mentos and coke and create foaming spouts for the kids to run under + + +I hope you take the above items into great consideration, and wish you and your company well for the future. + + +Regards, + +ASX_Bets Uranium Gang + +**EDIT:** I have [pinged](https://twitter.com/asx_pen/status/1367613095640666112) the CEO on twitter as another angle of getting this to him +Comment on this post if you’ve bought the dip this week. + +If this post makes it into hot, then we can get a pretty good idea of how many shares we’ve accumulated this week. + +Imagine 20% of this sub has bought the dip. 140,000 diamond handed apes. At just 4 shares each we would have more than 500,000 more shares locked up THIS WEEK ALONE. + +Hedgies r fuk. +[https://www.realestate.com.au/news/former-nrl-star-jarryd-hayne-sells-parramatta-unit-for-670k/](https://www.realestate.com.au/news/former-nrl-star-jarryd-hayne-sells-parramatta-unit-for-670k/) + +&#x200B; + +Purchased off the plan in 2013 for $600K + +Sold 8 years latter for $670K. 11.7% total gross return over 8 years. Compounded works out to 1.39% p.a..... before all RE costs, stamp duty, CGT. + +Just a reminder that in amongst all these stories of properties earning more than their owners, not all property is golden. And cheap off the plan apartments in highly developed regions are probably the most fools gold of all. +Hi everyone, I'm 18 years old and I live in Italy. Not so long ago I created a current account with my local bank, but I also earn a passive income monthly - not really big numbers, we're talking about €150-250 - which they pay me on PayPal. + + +The question: now that I've earned a few thousands euros, should I continue to keep this money on PayPal or it would be better to move it elsewhere? + +Also: I have no intention to invest it because I will need it for university and I'm not sure about PayPal security level (a friend of mine had a really bad experience). +There are currently 77M shares of GME held by mutual funds while \~55M short interest. Most mutual funds bought GME via ETFs.I read that ETFs can file 497k to SEC and adjust their holdings. Any idea how fast it can be approved? days? weeks? months? + +&#x200B; + +If I were a GME shooter, I'll convince ETFs dropping GME and sell them to me via OTC / dark pool. ETFs / mutuals will love to do so and pocket billions of dollar which they know they won't be able to realize if keep holding. +I see this comment in almost every thread as if it's some kind of authority + +Either you're lying, or you're a really bad investor. Former or latter, everyone should ignore whatever comes after it + +BTC has gone up over 8000% in the last five years + +ETH has gone up almost 30,000% in the last five years + +If you were heavy into crypto and had half decent advice to offer, you would be in a tropical paradise and way too busy with coke and hookers to come to this cesspool of moon farming +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). 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Check the main page for the sticky post and vote now! + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +EOS have appeared to receive an excessive amount of Ethereum for a long time. This has cast a shadow over Ethereum as many believe they are dumping large quantities of Ether onto the market and causing selling pressure. + +[The EOS crowdsale address] + (https://etherscan.io/address/0xd0a6e6c54dbc68db5db3a091b171a77407ff7ccf) appears to have large volumes of Ether arriving but if you look closer this is what I believe EOS is doing: + +1. Transfer money from crowdsale wallet into Bitfinex +2. Transfer money from Bitfinex into hundreds of wallet addresses +3. Make many small payments from wallets into crowdsale wallet +4. Rinse and repeat + +**Evidence** + +Look at the wallet linked above, the majority of wallets seem to constantly receive money from Bitfinex and pay into only the EOS crowdsale wallet on repeat like robots. Some addresses have hundreds of the same pattern. This seems very unlikely to be natural buying behaviour. + +For example: https://etherscan.io/txs?a=0x9fad7a730ba976ea8cbcf8fcd6e4c217386520a8 + +Please comment below what you think - I'm interested to hear if there is any legitimate explanation and not trying to spread FUD. If this is wash trading then it shows intentionally deceptive behaviour and indicates that EOS may be a scam. + +&nbsp; + +Shout out to [theoneonmove](https://www.reddit.com/user/theoneonmove) for helping discover this!! + +EDIT: The possibility of arbitrage from the ICO to the general market has been raised. This would be effectively impossible to disprove except if it was unprofitable. I don't have time right now but it would be interesting to compare the final price for each auction listed here https://eosscan.io/ (pointed out by [chrisdunnbirch](https://www.reddit.com/user/chrisdunnbirch) to the market price at the time. If the price is equal to the market price at the end of every auction then arbitrage wouldn't be profitable. + +EDIT 2: A well thought out response on the EOS forum linked below https://www.reddit.com/r/eos/comments/7ebxeg/research_into_eos_crowdsale_and_claims_of_price/ + +EDIT 3: A possible counter to the theory of arb from poor profitability (in addition to that mentioned by /chrisdunnbirch above https://www.reddit.com/r/ethtrader/comments/7e7bnf/eos_are_wash_trading_to_fake_volume/dq4yrk0/ + +So there’s another post on here today where a guy is risking 100% of his 300k account with each trade on weeklies. Scary. I was thinking… why don’t we share what we think are solid strategies with him and others in this thread? Help each other out. + +Here are the assumptions: post tax account with $300k available. For your strategy you can have margin or not. Assume this is play money that you’re trying to use for income or some alpha against the market. + +Also assume that you have a separate “main account” which is your 401k and it’s a diversified combination of stocks, international, and bonds. So if you blow up your brokerage account you still have a decent and untouched 401k for retirement. + +Let’s hear how everyone would use the 300k brokerage. +I earn around 100k a year and have saved enough to put down a 20% downpayment for a 800k property. Except I don't really feel as though I want to make a purchase given what it'll get me. + +800k is enough to get me a two to three decade old two bedder in the inner city suburbs. That's about it. No house and no backyard. Place will be okay by myself but god forbid if I want kids or a larger dog - suddenly everything will be way too cramped. I can buy something further away from the CBD - sure - but my company doesn't do WfH and even places that are 30-40 minutes down the train line aren't that much cheaper...especially if you want a suburb which is relatively safe and modern. + +Its just...not worth it I feel. Don't get me wrong - Sydney is a big city in a developed country. But its not exactly NYC or London - yet the house prices are comparable. Why is that? I just feel its not worth it to get myself into a 20-30 year loan for a property that is most likely older than I am. Like you save and you scrooge and you work your butt off but what do you have to show for it? + +I don't know - the whole thing makes me depressed. +**METHODOLOGY** + +If we were to establish how many shares are traded across the market each day through odd lot orders and combine this data with the known retail daily buy/sell order ratios, we could predict with a certain level of accuracy the accumulation of GME shares held among retail, given retail overwhelmingly trades in odd lots and institutions trade in round lots. + +**SEC DATA** + +[The SEC publishes very detailed trade data for each quarter](https://www.sec.gov/opa/data/market-structure/market-structure-data-security-and-exchange) This has a wealth of information that can be used for many purposes in future DD's. + +**ODD LOTS** + +This data includes a column for daily 'TradesForOddLots' and 'OddLotVol('000)' + +From the SEC README: + +· TradesForOddLots = Trades: Count of trades from order-based exchanges. + +· TradeVolForOddLots('000) = TradeVol('000): Sum of trade volume from order-based exchanges. + +The daily average share count per odd lot can be calculated by dividing the Odd lot volume by the odd lot trades. + +[SEC Data shows the average share count per odd lot order to be 16 shares +-4 (trimmed ave) from Jan 2021 through Q3 2022](https://docs.google.com/spreadsheets/d/e/2PACX-1vTwztu4PEglwKkS7EVY_uY7Lbl8kcLdATGwt3Ff_hHukIkazYgATFOVhXL0OcxdjjgwQhxUvy1k5ho-/pubchart?oid=1911097850&format=interactive) + +This is interesting on a couple of counts IMO. First, It is surprisingly consistent even during big price swings. Second, I would have expected to see a significant jump after the Splitivind on July 22nd 2022. But there is hardly a move. I have written to the SEC to try to understand why the split did nothing to the odd lot share count...Update to follow if i get a response. + +Retail is known to be responsible for the majority of Odd Lot Trades. Institutions deal in larger round lots. [The rise of the retail odd lot phenomena is detailed nicely in this condescending post showcasing what institutions can do about it!](https://www.cowen.com/insights/retail-trading-whats-going-on-what-may-change-and-what-can-institutional-traders-do-about-it/) + +**FIDELITY** + +The SEC data is great but what is missing is how many of these odd lot trades are buys and how many are sells. + +Luckily for us, our good friends over at Fidelity ~~are~~ were publishing their retail orders for the top 30 tickers on their platform. [For some unknown reason they moved this information behind an account wall on Sept 15th 2022.](https://digital.fidelity.com/prgw/digital/research/src/details/orders) So you would need to log in to your fidelity account to see it now. + +But fear not! in another strike of luck, the folks over at [Way Back Time Machine](https://web.archive.org/web/20220000000000*/https://eresearch.fidelity.com/eresearch/gotoBL/fidelityTopOrders.jhtml) have a detailed, [albeit a little incomplete historical dataset of this data post sneeze](https://docs.google.com/spreadsheets/d/e/2PACX-1vTwztu4PEglwKkS7EVY_uY7Lbl8kcLdATGwt3Ff_hHukIkazYgATFOVhXL0OcxdjjgwQhxUvy1k5ho-/pubchart?oid=1746944991&format=interactive) (log scale). Unfortunately the Wayback time machine no longer can access the data. Obfuscation by design... + +**~~MARGE~~** **MERGE** + +By merging the SEC average shares per odd lot, with the fidelity Buys/Sell lots for GME, we can infer the share accumulation among Fidelity customers for GME over time. If we go a step further and presume the actions of Fidelity retail investors are aligned with the actions of the broader retail markets, we can apply the Fidelity share accumulation ratio across the market as a whole. + +In short, what Fidelity retail does, so does APE-X, Interape-ive Brokers, Robbinghood and other PFOF 'customers'. Which is Buy and Hold and DRS. + +[This data is interesting IMO because it shows the unwavering buying pressure and hunger for GME shares among retail regardless of price action](https://docs.google.com/spreadsheets/d/e/2PACX-1vTwztu4PEglwKkS7EVY_uY7Lbl8kcLdATGwt3Ff_hHukIkazYgATFOVhXL0OcxdjjgwQhxUvy1k5ho-/pubchart?oid=1362997260&format=interactive). + +When the price goes up Apes buy! When the price goes down Apes buy! When the price stays flat Apes buy! WTF. I guess retail just likes the stock. + +**MIND BLOWN** + +>!Get yourself some mayo and tissues for this next chart!<. + +What do we get when we apply the odd lot Fidelity share accumulation to the broader market data provided via the SEC and how does that grow in context of the entire GME pre-split float of 58.19M shares? + +[We get to see the entire fuking float being accumulated over and over and over and over and over](https://docs.google.com/spreadsheets/d/e/2PACX-1vTwztu4PEglwKkS7EVY_uY7Lbl8kcLdATGwt3Ff_hHukIkazYgATFOVhXL0OcxdjjgwQhxUvy1k5ho-/pubchart?oid=1433058966&format=interactive)! + +The purple diamonds in the chart are the published DRS numbers from Gamestop. As of last quarter, 6.35% of the shown accumulated retail shares were DRS'd. This is trending upwards. Pull your finger out and put it in a purple circle FFS. + +The data also shows retail through odd lot share accumulation has been consistently doubling the entire float every 4 months, now above 540% since the January 2021 sneeze. + +Let that sink in.... + +**TRUST ME BRO** + +[Here is a link to the published google drive data used in this post.](https://docs.google.com/spreadsheets/d/1NQDHEySi6XQL7oQhg_1epJici7cZmByduy7DO-fdeuo/edit?usp=sharing) Use it as you see fit. DRS mo-fo's. + +**TL:DRS** + +SEC Odd Lot raw data crossed with Fidelity customer order data indicates the entire GME float continues to be bought outright by retail through the DTCC every 4 months, showing 540% as of September '22. + +As of June 30th 2022, 6% of GME retail shares purchased post sneeze were DRS'd. + +SEC Odd lot data shows a negligible increase in the average daily share count per odd lot order after the Splitivind. This does not look correct and the SEC has been asked to clarify. + +**WALLSTREET IS FUK'D** + +EDIT: Post has stalled. Now beginning a decline in upvotes. Removed from my profile. Downgraded to ‘Speculation’ from ‘DD’ confirmation bias. Close to the end the shorts may be…. +Which is the better investment, owning a home or owning stocks? If you ask most Americans, chances are they prefer the former. + +A new study from the Federal Reserve Bank of New York examined consumer preferences toward being a homeowner and how their attitudes have changed over the course of the COVID-19 pandemic. Survey participants were asked to rate which was the better investment — a home or financial assets such as a stocks — and what factors contributed to their choice. + +The study found that over 90% of respondents preferred owning their primary residence rather than investing in the stock market. A majority of survey-takers also favored the idea of being a landlord to purchasing stocks, with more than 50% of the participating households preferring to own a rental property. + +The most common reasons people cited in choosing housing over stocks seemed to be about comfort and stability, rather than seeking a better return. The most commonly-selected responses were that the home was their “desired living environment” and “provides stability” and that house prices were “less volatile.” + +Research has shown that residential real-estate has acted as a strong hedge in most bear markets, with the notable exception of the Great Recession. The early days of the pandemic is a prime example: The S&P 500 index SPX, +0.77% lost over 20% in the first quarter, while the Case-Shiller National Home Price Index increased 1.4%. That stock market has, of course, recovered since then. + +That said, Americans were more likely to cite higher housing returns in 2021 than in the year prior, likely a reflection of the incredibly fast pace of home price appreciation nationwide. + +But people’s attitudes toward the housing market have shifted over the course of the pandemic, the researchers found. “The preference for housing dipped in October 2020 and returned back to the pre-COVID level by February 2021,” the study’s authors noted. + +That shift in preferences away from housing wasn’t driven by concerns about home prices. Some Americans expressed more concern about the risk of vacant rental units, while concerns about being able to make mortgage payments may have had an effect on people’s predilection toward homeownership. + +People’s inclination toward owning a home may also be a reflection of their gender or education. Women were more likely to prefer housing than men, and non-college graduates opted for homeownership more often than those with college diplomas. + +https://www.marketwatch.com/story/americans-think-its-better-to-invest-in-housing-than-the-stock-market-heres-why-11617639806?link=sfmw_fb&fbclid=IwAR3kfXYOE_qgl83qHQYTwFU1nuoRerMJGNhSoKyBh96K7X7HA8Ai0T7cgqk_aem_AT0agxhgPsy4Ywv_8ryOTYkvjmGSazlAM4-LeDVbJG7HWF4bOSNx1F10ZNUIBt3OyUqcFGrAIjeYVniYs5Kx0yRIfsHr3onDVEK99eSx7Ra6gELN8_Mq1VQX9rg0PilnZbQ +&#x200B; + +Please don’t judge my spelling, it’s 3am and I’m sitting here waiting for market open. + +\- The Salomon group was a Hedge fund in the early 1900 - 90s. + +\- They also had the "King of Wall street" on their line up. + +\- They were responsible for the '98 bond market corruption or something, I'm not too familiar with the story. + +Long story short, they were an extremely corrupt group that almost tore down the financial system. + +When they were held for trial, the 'honorable' (lol) Jerome Powell came in and testified for them, fined them a WHOPPING $100k for their extremely corrupt bond market shit. + +&#x200B; + +&#x200B; + +[Jerome out here taking one for the family](https://preview.redd.it/5mq1u48ou7n71.png?width=585&format=png&auto=webp&s=a16c725426b2984103992c347f7ac266ca4b9f65) + +[https://www.google.ca/books/edition/The\_Activities\_of\_Salomon\_Brothers\_Inc\_i/x1hBG79cE2EC?hl=en&gbpv=1&dq=%22jerome%22+%22powell%22+%22salomon+brothers%22+testimony&pg=PA11&printsec=frontcover](https://www.google.ca/books/edition/The_Activities_of_Salomon_Brothers_Inc_i/x1hBG79cE2EC?hl=en&gbpv=1&dq=%22jerome%22+%22powell%22+%22salomon+brothers%22+testimony&pg=PA11&printsec=frontcover) + +&#x200B; + +Jerome powell then asked Warren Buffet for help, Buffet put in 5B in Salomon Brothers in 1999. + +Hence, why Michael Burry wants us to read + +&#x200B; + +&#x200B; + +[See that on the right, Buffet Partnership letters](https://preview.redd.it/5klonkwmr7n71.jpg?width=1500&format=pjpg&auto=webp&s=e14c88681eda002f918951e2552a77fe23647544) + +I know for a fact there's something in those letters, so call all the wrinkle heads and get to reading guys. + +&#x200B; + +Oh yeah, btw, Salomon brothers got charged with IPO Fraud in 2002, when GME first IPO'd. + +Fast forward, everyone from Salomon brothers walks away freely nothing happens. + +Now here's the fucky ducky part, + +List of previous Salomon brothers group : + +## Michael Stockman + +Serving as Chief Risk Officer at MF Global, which filed for bankruptcy Oct. 31 and is now embroiled in legal troubles. + +## Michael Bloomberg -- He was fired in the 80s at Salomon + +In case you've been living under a rock -- Bloomberg was the mayor of New York City. He's been the target of some negative sentiment for his handling of the Occupy Wall Street protests in the city. + +Also owns Bloomberg, Bloomberg Terminal. + +# Jon Bass + +Global head of institutional sales at MF Global, the brokerage that recently filed for bankruptcy and now facing legal troubles. + +## John Lipsky + +Serving as special advisor to the managing director of the IMF, at one point was in line to possibly become the next managing director. + +## Andrew Stone + +Last October, the real estate trust fund he was in charge of filed for bankruptcy.  + +## Lewis Ranieri + +Recently partnered with Shellpoint Partners to offer subprime mortgage lending, saying it is an untapped market. Also, still coming under criticisms for being the brains behind the mortgage bonds **that contributed to the 2008 financial crisis.** + +# Tom Miglis + +Worked at Citadel, helped kenny develop the tech. + +# DAVID SOLOMON + +**CEO OF GOLDMAN SACHS** + +# JAMIE DIMON + +**CEO OF JP MORGAN CHASE** + +Update: # ROBERT GENSLER + +GARYS GENSLERS LITERAL BROTHER + +# MICHAEL CORBAT + +**CEO of CITI GROUP** + +Everything reeks of Salomon brothers, they practically have their hands in everything. + +**Remember reading in atobitt's DD somewhere that in a lawsuit, the employee said they call themselves the family of five, well, now you know.** + +They're all interconnected, Jerome Powell has let Salomon brothers off the hook twice, and now they're all scattered across all the financial markets around the world causing corruption. + +These are only the people that we know of, there's potentially hundreds more with hundreds of other connections. + +I used another source for the first few finds, however that source didn't include the CEOs, so huge shoutout to Charlie's DD on YouTube. I watched his video and it's spot on. + +[https://www.youtube.com/watch?v=bvXz1mvmS9k](https://www.youtube.com/watch?v=bvXz1mvmS9k) + +OMG, BIG BIG S/O TO CHARLIES DD, HE EVEN CREATED A GRAPH. + +&#x200B; + +[INTERCONNECTED.](https://preview.redd.it/twsc56eus7n71.png?width=1564&format=png&auto=webp&s=6adca406b11984573f6f112506bb8429088353d7) + +I just wanted to let this be known since burry posted that and no one picked up on it. + +I know a lot more, but I've decided to keep this factual only. + +Read the Warren Buffet Papers / Berkshire Hathaway Papers. + +&#x200B; + +&#x200B; + +EDIT 1 : Forgot to put this in, as I was looking at blurrings other posts, he made a list of 200 shorted stocks, those stocks appeared in a lawsuit. + +# Bank Activities Reform Commission Sues SEC for 50T, over 200 shorted companies, and states that the SEC has been infiltrated by an organized crime group..... + +First Sue was 5T in 2005. + +[https://www.prweb.com/releases/2004/01/prweb96672.htm](https://www.prweb.com/releases/2004/01/prweb96672.htm) + +Updated to 50T in 2012. + +[https://seekingalpha.com/instablog/120346-alex-s-gabor/1220721-international-bank-activities-reform-commission-soon-to-release-report-on-money-laundering-in-the-united-states](https://seekingalpha.com/instablog/120346-alex-s-gabor/1220721-international-bank-activities-reform-commission-soon-to-release-report-on-money-laundering-in-the-united-states) + +This is not considered DD, I simply whipped this out at 3am having ate nothing all day. This is just to raise awareness and for more apes to look into. +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 + 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 +&#x200B; + +[Sent PDF To DOJ Email And Message Directly On DOJ Site](https://preview.redd.it/2hps8bgn8mj81.png?width=960&format=png&auto=webp&s=8b502acf19dd81a6b51ccec68d27ddb69fa3df44) + +DOJ Take A Gander..... + +I am under the impression the market is being manipulated through algorithms and high frequency trading machines. This is my opinion as listed below: + +**Kenneth C. Griffin Of Citadel Securities. Why Are You Paying Over A Billion Dollars To Facilitate Retail Trades Only To Steal From Them** + +[To Be Fair At The Economic Club of Chicago You Said You're Fine Getting Rid Of PFOF](https://www.youtube.com/watch?v=ddXMLb3VMis) + +[ Bernie Madoff Pioneered PFOF \(Yes The King Ponzi - Well So Far.....\)](https://preview.redd.it/gedxx87jbkj81.png?width=793&format=png&auto=webp&s=c37fc8ba38e910b20b9338469c62117304d82ef0) + +[ Citadel Payment To Brokers To Facilitate Retail Trades](https://preview.redd.it/w9dialfkbkj81.png?width=640&format=png&auto=webp&s=7fbfcee564d27419c85f13ad8375e168bb60c460) + +[ Brokers - Ironically The Top Ones Receiving Payment Suspended Trading](https://preview.redd.it/2o3nt8vlbkj81.png?width=803&format=png&auto=webp&s=ef49a2720d1d3d4dfa4259c21d3522ea0020264e) + +[ Robinhood Restriction](https://preview.redd.it/uficz04nbkj81.png?width=618&format=png&auto=webp&s=a315bd77df2e3a57943b598d574b4792b880b990) + +[ TD Ameritrade & Schwab Restriction](https://preview.redd.it/vs32sddobkj81.png?width=941&format=png&auto=webp&s=5b6354cb8bc7b6c8605ea8bd6bd7c44d06db9c0a) + +[ E-Trade Restriction](https://preview.redd.it/9n91n1npbkj81.png?width=1084&format=png&auto=webp&s=60152b7c7745adbc536b3e0360e3dae2b89d9336) + +[Webull Restriction ](https://preview.redd.it/6hk2xm1ubkj81.png?width=789&format=png&auto=webp&s=b9797c85d7b0e6d298c273a7ea5ba743da58af90) + +**Kenneth C. Griffin Of Citadel Securities - Are You Involved In The Naked Short Selling? GME Has Quite The Amount Of FTDs. Where Are They Hiding Now? Why Does Gamestop Continue To Be Shorted Up To 68% Of Daily Volume Lately?** + +[https://chartexchange.com/symbol/nyse-gme/short-volume/](https://chartexchange.com/symbol/nyse-gme/short-volume/) + +[GME Failure To Delivers](https://preview.redd.it/hzbid5usnkj81.png?width=1514&format=png&auto=webp&s=e7e72f6ba4f5313b072fbcad0953e6e1fc71c29f) + +[https://prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/](https://prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/) + +**Kenneth C. Griffin Of Citadel Securities - Why Is Your 13F Top Positions All Options? - Seems As Thought You're Manipulating The Market Through High Frequency Trading & Algorithms - Considering Stocks Seem To Move In Similar Patterns....** + +[ Citadel 13F](https://preview.redd.it/37ogccyvbkj81.png?width=960&format=png&auto=webp&s=f41aad034f7f237ac937574cba2eaa639456e273) + +[ Algorithmic Patterns Including GME](https://preview.redd.it/0wn4h9lxbkj81.png?width=960&format=png&auto=webp&s=c64783fca855b2a3d0403d444d6d97c912c9102c) + +**Jeff Yass Of Susquehanna International Group, LLP - Why Are 75% Of Your Portfolio Spy Calls? - Somebody Hurting For Liquidity Or Another Glitch? - Also Your 13F Is Similar To Kenneth C. Griffin Of Citadel Securities - How Many Firms Are Using Algorithms To Manipulate Options?** + +[ Susquehanna 13F](https://preview.redd.it/kiv31oezbkj81.png?width=1880&format=png&auto=webp&s=7f58ff5ee302705e9b2dabd367111bcdc1b62d19) + +**Ken Griffin of Citadel Securities & Steve Cohen of Point72 - Why Did You Invest $2.75 Billion Into The Failing Melvin Capital - Didnt Something Similar Happen In 2008?** + +[Hmmmmm](https://preview.redd.it/n556za91ckj81.png?width=960&format=png&auto=webp&s=2fec1eb5e6ba090e359fa0370bff33b15900fdcf) + +**Kenneth Griffin Of Citadel Securities. Why did you pay a $22.6 million dollar fine - The SEC found that between 2007 and 2010, Citadel used two algorithms to execute stock trade.** **How long have algorithms been manipulating the markets?** + +[ Fine For Algorithms Existing As Early As 2007](https://preview.redd.it/ez9i4q33ckj81.png?width=740&format=png&auto=webp&s=accdc5e8a56a081242f7d7104b5d7417d2788cd3) + +[ The U.S. firm, founded by Ken Griffin, is seeking around $40 million over claims that GSA obtained a secret trading strategy from a senior trader at Citadel Securities while using texts and WhatsApp messages to hide all traces of the plan.](https://preview.redd.it/j1kcc8c4ckj81.png?width=742&format=png&auto=webp&s=7c033ab49d6270f69e74f9a9df3ce00e51c8edeb) + +**Involved In The Algorithmic Manipulation Of Crypto As Well? Or Is That Steve Cohen? The Charts Look Like The Algorithms In Stock Market. Ironically Rose At The Same Time As Memes Over A Year Ago.** + +[ Crypto Investment](https://preview.redd.it/17t85hg7ckj81.png?width=873&format=png&auto=webp&s=046e652f0e18e1059ecb1bf7e917a2a2a6f2b123) + +[ Similar Crypto Patterns](https://preview.redd.it/m8jriqx8ckj81.png?width=960&format=png&auto=webp&s=6ac4ebb98b5be8581757feacad8e090ceb828115) + +[ More Crypto Patterns](https://preview.redd.it/m7xip0w9ckj81.png?width=1116&format=png&auto=webp&s=080b4da2e6271aff6f48a95025cbda2fbfa9e99d) + +[ Its A Big Club And You Aint In It - George Carlin](https://preview.redd.it/xdh7p1ibckj81.png?width=733&format=png&auto=webp&s=5342cfdbc29cf0474bbc3d95622acfa66359808e) + +https://preview.redd.it/ymu8glgfckj81.png?width=620&format=png&auto=webp&s=c3ac2535bfb50ea4aa8506e6d6fb8bb56479ff5b + +[Thanks Kenny & Company!](https://www.youtube.com/watch?v=hQJ26MXTdA4) + +“He who passively accepts evil is as much involved in it as he who helps to perpetrate it. He who accepts evil without protesting against it is really cooperating with it.” + +― **Martin Luther King Jr.** +FFS we've been over this already. Some ape already did this a few months back and it was not publically accepted then, and it shouldn't be now. + +Sabotaging public information makes us look bad. We don't need to give the media any more reason to target us. Yes, the SEC has been quiet and hasn't done shit, but that doesn't mean we should edit the Wikipedia articles. + +We only have to do one thing, everything else is noise. + +Edit: If you want to protest, buy the stock, do some research, publish DD. All changing Wikipedia articles do is force some random Wikipedia editor to change it back. + +Edit 2: "How do you know it was an Ape?" Top post literally asks "which one of you did this" and I don't see any of you correcting that. We DO HAVE A HISTORY of changing Wikipedia articles. It was a funny meme that got shut down by mods. I'm asking you guys to keep it that way. + +Buy. HODL. VOTE. +ASSUMING you believe the market bubble will pop some time in the near-ish future, where would you park your money for the time being? + +The idea being to put yourself in the best position to buy the dips when the bubble pops. What are your ideas? +A few days ago I was trying to understand how a company with $1.4bn in cash and no debt can have a market cap of $1bn. The lack of trust in the management's ability to put the cash to good use and to create value for the shareholders is insane. + +Over $80m invested in R&D and acquiring minor companies, losing money year-over-year with $30-$40m revenue forecasted for 2022. + +The story behind the products seems very good, but the lack of proper execution combined with raising lots of funds and not acquiring any company has shifted the sentiment significantly. + +I had a difficult time valuing the company's business as it could be anywhere from -$200m (if it continues to lose money and there's not enough demand for the printers) up to $300m (If it delivers on the promises). On top of that, there's the $1.4bn in cash. + +Overall, it seems as the market expects the management to not only lose money on the current business model but also to make poor acquisitions in the coming period (or postpone acquiring companies for a long period of time). + +Below is a link to my video where I explain my assumptions and go through the details: + +[https://youtu.be/KjH8RHMSlCU](https://youtu.be/KjH8RHMSlCU) + +At this price, the downside seems fairly limited (but it still exists) and the upside depends on future acquisitions. + +I'm looking forward to reading your thoughts about the company as well as suggestions for other companies to value. +Early in my career I worked at an old fashioned savings and loan bank. We offered the best rates in town, and this attracted a certain kind of customer. One emblematic individual was Mr. Tonlin. He was meticulous in his management of his $4,000,000, which was divided among fifty or so accounts with different maturity dates. He would come in every week with his list on a clipboard held proudly to his chest and carefully make decisions about which ones to get, haggling with management for better rates. He carried the air of a business magnate from the Industrial Revolution. This was his pride and joy. Then, after years of this routine, his wife passed away. + +Mr. Tonlin came in the afternoon after the funeral—perhaps to get some grounding in his routines. He seemed like he had lost six inches of height. He came into the bank lobby expressionless, posture limp, disoriented. Various staff came up to him, expressing their condolences. He ambled to the counter holding his clipboard, which now seemed to be very heavy to him. We waited for him to say something as he looked at the list. Then quietly, looking down at his clipboard, his chin quivered and his eyes welled up, “I should have spent this money with her. What am I going to do with it?” + +It’s been over a decade since this happened. I would bet that a week hasn’t gone by that I haven’t thought of that man and this single phrase. + +After telling my clients this story, I repeated the question to these trailer park millionaires, “What’s the point?” + +I believe that those who have saved up deserve the reward of minimizing their fears about money while maximizing their energy for the real things of life. Ask yourself: what is the point? This is not a rhetorical question. If you and I optimize your financial life, leaving no stone unturned, what’s the point? What would change? What should change? + +To me, the point is this: you should have the luxury of diverting your emotional energy away from worrying about money. Spend that same energy on more important things like family and friends, pursuing goals and experiences, enjoying life, or giving back to the world. The emotional cost of financial chaos is profoundly impoverishing. Bringing order to chaos will enable you to divert your energy to the things that enrich your life. + +Financial strength is not about having a lot of money. The ancient Romans had a saying, “Money is like seawater. The more you drink, the thirstier you become.” As you grow in wealth, you must also grow in wisdom. + +Full post: https://coloradosun.com/2019/04/12/chad-gordon-wealth-by-virtue-excerpt/ +I was about to throw away my broken [Insinkerator Badger 1](http://www.homedepot.com/p/InSinkErator-Badger-1-1-3-HP-Continuous-Feed-Garbage-Disposal-BADGER-1/100036481) garbage disposal when the label on it caught my eye. It had a service phone number and a serial number so I decided to give Insinkerator a call. They confirmed that the garbage disposal was 11 years old and out of warranty but they offered to give me 50% off my next purchase. This was amazing because the cheapest [Badger 5](https://www.insinkerator.com/us/en/badger-5-garbage-disposal#76037H) disposal I could find at Home Depot/Lowes/Ace was $79.99 without a cord. I ended up picking one up from the Insinkerator site for $55 with cord. Pretty decent discount IMO just for a 2 min call. +Notice how quickly this 8-K was filed? Minutes after the conference?? And as we know last year (and I believe typically) the voting company didn't provide results to the company until 3 business days after, and Gamestop filed the 8-K on the 4th day. + +Why were they able to file so quick this time? Maybe because they already knew what they'd be filing, they didn't need more time for vote count. + +How would that be the case? Well when more than the float gets counted for votes, the voting company's voting system scales the votes back to 100% of the float. + +Maybe they surpassed 100% of the float 5, or 10, or 15 days ago. Had that shit prepared a while ago and BAM filed it today. + +I posted the above as a comment in a thread where OP provided a screenshot of 54.7M Float Outstanding reported by Marketwatch, which is exactly the vote count we got in today's filing. So that proves that 100% of the float is outstanding. + +Then someone informed me that this was talked about in the live r/superstonk show that took place after the conference earlier. And they built on the idea, with a theory saying that Gamestop popped this 8-K out so quickly in order to only give the SHFs one day of ammo to short attack and shake paperhands. If they waited 4 days just for the hell of it, then the SHFs would be able to short attack today under the guise of "oh it's just earnings volatility" and then a second time 4 days later under the guise of "oh vote count didn't exceed the shares outstanding, guess that's why the price dropped another $80." + +Gamestop is 3 steps ahead of these guys. Gamestop is playing 4D chess while they are playing checkers. + +Bring on the vote audit. +I'm planning to do a BSc in math and computer science from mcgill, being an international, would this give me good quant-related job opportunities? I also have an offer from Math, operational research, stats and economics from warwick, however it would be very difficult to get a job in the UK after graduation. + +&#x200B; + +Please share your views on this, i would love to know what you guys think of this. +Bitcoin nowadays is showing sudden trend reversals, demonstrating the price changes ranging more than 42%. In the weekly time frame, the [BTC](https://swapzone.io/currencies/bitcoin) price has a chance to go beyond the $60,000 levels soon. + +Meanwhile, the third-biggest Bitcoin whale has jumped into accumulation mode after 2,822 BTC purchases in the past seven days. The whale is said to be the largest non-exchange entity that accumulated BTC worth $117 million in the past week. + +If the whale is really accumulating the asset, then the demand may increase above the supply making the price to range high. And eventually, the [BTC](https://swapzone.io/currencies/bitcoin) price may witness a steep price swing. + +Do you believe that BTC price will hit new record anytime soon? Any thoughts? + +[ Source: bitcoinwarrior.net](https://preview.redd.it/q2e20d0awvu81.png?width=1200&format=png&auto=webp&s=364288be423c8efea53cca76a628c562a758ab9d) +I’m looking for a all-in-one etf with 100% equity, something like XEQT. But I find the Exposure a little bit to much on the Canadian market. + +What do you think of MSCI All Country World High Quality Index, who represent 85% of the worldwide market cap, and is more diversify along all the world according to the economy. +Went from 10 to 12 per hour. I know it's not much, but I only have to worry about myself, I don't have kids or anything. I'm going to look at an apartment on Monday. Hope it's a little bigger than the pictures I saw. LOL +In most thinks when we think of food China dominates the market with a ridiculous margin. Whilst India is a firm second in "main" things like rice it falls behind of countries like USA, Russia, Turkey and Indonesia in many things like apples, spinach, carrots, peaches, beans etc. +So many people here are wanting to walk away form a trade they have just made because they're down 20% etc. You've only just traded, it could take years for this company to take flight. Give it time fellas, will not happen over night. + +Only lose when you sell. + +Only know you've been high when you're feeling low + +Only hate the road when you're missing home + +Only know you love her when you let her go + +And you let her go +Apple has paused all product sales in Russia in response to the invasion of Ukraine. + +The tech company said it has also limited Apple Pay and other services in Russia, and that it has removed state-backed news outlets RT and Sputnik from its App Store in other countries. + +In a statement, Apple said: "We are deeply concerned about the Russian invasion of Ukraine and stand with all of the people who are suffering as a result of the violence. + +"We are supporting humanitarian efforts, providing aid for the unfolding refugee crisis, and doing all we can to support our teams in the region. + +"We have taken a number of actions in response to the invasion. + +"We have paused all product sales in Russia. + +"Last week, we stopped all exports into our sales channel in the country. + +"Apple Pay and other services have been limited. + +"RT News and Sputnik News are no longer available for download from the App Store outside Russia. + +"And we have disabled both traffic and live incidents in Apple Maps in Ukraine as a safety and precautionary measure for Ukrainian citizens. + +"We will continue to evaluate the situation and are in communication with relevant governments on the actions we are taking. We join all those around the world who are calling for peace." + +https://news.sky.com/story/apple-stops-all-product-sales-in-russia-as-rt-and-sputnik-removed-from-app-store-12555128 +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +I've pulled the trigger, after thinking over it for a few weeks. + +I'm a software engineer who has spent the last 6 months developing payment processing services for Bitcoin and other crypto assets. I've had the pleasure of exploring and learning about how blockchain works, how transactions work, and its security at a deep level. Most importantly I've learned about just how much utility Bitcoin has to offer. + +As I hear about more services, companies, and now countries are adopting Bitcoin, it's very clear that it's here to stay. But most importantly it's already started to begin reaching the "soccer mom" audience. People "use" Bitcoin, not just as an investment, or a get rich quick scheme. They use it to barter, pay bills, trade, and as a means of exchange for goods and services. + +I don't just see Bitcoin as a chart in an app. I don't see Bitcoin as something you buy with USD. I see Bitcoin as Bitcoin. It's a currency in its own right, with value dictinct from USD and others. And given a decade, or two. I see it as the global currency for the future of all transactions. + +Thanks for hearing my points. + +Edit: A notice to those saying I'm making a mistake. I have no debt and if this money were to vanish tomorrow I'd be sad, but by no means will I lose my house, go hungry, lose medical coverage, or anything like that. I believe in Bitcoin as a primary currency and store of value, and want to hold my savings in Bitcoin. + +Additionally, the US has a currency (USD), Japan has a currency (JPY), Canada has a currency (CAD), yet it's far fetched to believe the internet can't have a currency (BTC)? Bitcoin is a currency in my world view, not just an asset. If you don't agree, then wish me ill will and move on. +"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 +I am in the VERY early stages of looking into building a solar farm with some other investors and using the 26% tax credit to reduce a large ( seven figure) tax liability I will have in 2021. Has anyone here done this before or looked into it? I understand that the initial investment in land , build out, and equipment will require a heavy capital investment. I am pretty sure we can get very favorable financing terms so we don't have to lay out millions to get the site built. What other pitfalls do you see? Thanks in advance for your insights. ( I am including a link below for anyone who has never heard of this....) + +[https://www.seia.org/initiatives/solar-investment-tax-credit-itc](https://www.seia.org/initiatives/solar-investment-tax-credit-itc) +[Here](https://np.reddit.com/r/EnoughCommieSpam/comments/nh3y0r/what_kind_of_logic_is_this/gyy51kt?context=100) is the comment with the link. + +It showed that between 1950 to 1980, GDP per capita in Russia, Romania, the Czech Republic, Bulgaria and Azerbaijan grew at a comparable rate as Finland and Ireland - and much faster than Indonesia. + +Is it really communism that caused such a meteoric rise in GDP per capita in Russia, Romania, the Czech Republic, Bulgaria and Azerbaijan? Or was it something else? +The mother of all short squeezes is a concept (and reality) that is almost too big for me to wrap my head around. It's one of those times in history when something almost too incredible to believe is unfolding right before our eyes. + +When the first wave of COVID came, I didn’t believe what people were telling me until it actually happened. Until I saw the shelves empty in the store, and people being mandated to stay home. + +But what does this have to do with GME? Well, something that had never happened before, and that I never thought would happen even after people told me that it would… DID happen. + +When something big is about to happen in the world, it is hard to wrap your head around the possibility until it actually starts happening, even when the writing is on the wall. If an asteroid was headed towards earth and all the scientists and news stations said that it was going to hit, people (including myself) wouldn’t be for sure about the whole thing until it hit the atmosphere. Whether good or bad, we always think that nothing big will happen to us. + +But here we are today, on the brink of a financial event that will likely change the world forever. This will not just go down in stock market history... it will go down in history, period. + +Remember the scene in “Margin Call” when the guy is looking at the people on the street in 2008, going about their daily lives... and he says “They don’t even know what’s about to happen”. + +It did happen back then, and every possible sign has presented itself now, that another crash will happen, and that a massive short squeeze will occur. Pigs are flying, Dr. Burry. + +In this post I will share opinions and speculations, as well as imagination. This is not financial advice, I am not a financial advisor, and nothing that I say should be considered advice of any kind. Below is a story meant for entertainment purposes. This story contains both truth and imagined aspects. Please do your own research, and make your own decisions about anything / everything. + +I simply like writing, and thought I would put things together in a way that you might enjoy. + +P.S. In case you missed my “[squeeze breakdown](https://www.reddit.com/r/GME/comments/omco6m/an_updated_breakdown_of_the_gme_squeeze_situation/)” post and want some more GME reading, [here it is](https://www.reddit.com/r/GME/comments/omco6m/an_updated_breakdown_of_the_gme_squeeze_situation/) (I wasn’t able to post here until recently). + +# The story so far + +**Short Hedge Funds** + +These rich people are used to winning everything, all of the time. Life was good for them for a long time. Over a long period of getting rich without any oversight, they lost sight of right and wrong, disconnected themselves from the common world, and developed an invincibility complex. They promptly rose their standard of living to match their income, “knowing” that everything would either stay the same or keep growing. They attached their self worth and their own survival to how much they get paid. They need to be super rich, and to sustain a super rich lifestyle, or they lose everything. Their house, their gold-digging girlfriends, their rich and powerful friends, the respect of the community… fucking everything. + +So they break the rules to get ahead. Nobody does anything about it, and so they do it again, and again, and again. The SEC does nothing, and hedge funds start to realize that nobody is watching. Nobody is coming to patch the infinite money glitch, and so they start breaking the rules to the point of breaking the entire system. They get leveraged to the tits. + +Use synthetic shares to increase sell pressure... and dark pools to reduce buying pressure... and a new price control system soon develops, to run companies / families into the ground. The cherry on top is causing complete bankruptcy to avoid taxes. Life is good for an evil hedgie. They are flying high above everyone else, high above the law, and even above reason. There is no such thing as risk, for a shining golden god. + +They can’t even see the tiny ants that they call retail from the lofty heights of their private jets. The common folk are of no concern to them. Not even the suffering of the people is of any concern to them, as long as they get their fat checks. After all, retail traders are powerless and stupid, and even if they discovered the secret glitch, their tiny accounts pose no threat. Nobody would listen to their complaints. Life is good. Until it’s not. + +**DFV** + +This seemingly ordinary man is looking for undervalued companies, and finds the jackpot. A company named GameStop is valued ~~incredibly~~ redicuously low on the market, and he simply decides that he likes the stock. The man invests 50k. + +**Retail traders** + +Some normal guy takes a closer look at GameStop, and doesn’t just hit the jackpot... he finds Pandora’s box. GameStop isn’t just undervalued, it has been shorted to oblivion. It has been shorted far beyond what should be possible. It has been shorted to a point that makes it ripe for the biggest short squeeze of all time. + +It is ~~possible~~ ~~probable~~ unquestionable that we are in a completely fraudulent system. + +The word spreads like wildfire, and the price of GME starts climbing. + +**DFV** + +He is meow worth 50 million, and keeps buying shares. He sticks to the shadows, but in spirit he still leads us through the dark night by his legendary teachings. Cheers. + +**Short Hedge Funds** + +Life is not good anymore. The word is out, and the fucking jig is up. The firm is losing billions. Clients are on the phone screaming, “What did you do with my fucking money!?”. Their brokerage is demanding money before liquidating the firms positions. People are getting fired. Some scary ass people who invested with the firm are furious. + +The wildfire keeps spreading, and the entire world is finding out about the con on the entire globe. Retail traders know what you did last summer, and the one before that, and the one before that. + +They have two choices. Give up and lose everything, or go against all logic to go down with a fight. They make the only decision that they can, after being so deeply fucked. How dare those little pissant retail fucks mess with hedgie money. How dare they uncover the ill-gotten gains. They will be crushed like the insignificant amateurs that they are. Convince them that the squeeze is over, and that GameStop is not worth a fraction of the current price. Between millions of people, they won’t be able to call the bullshit, right? + +**Ryan Cohen** + +Life is good to be a retired billionaire in his thirties. You did it Ryan old boy, you won at life before it was half over. But something is missing. Something isn’t right. Life has something more in store. Ryan Cohen is not going to be a one hit wonder, no sir, he is going to go down in history as one of the most successful businessmen that ever lived. More importantly, he is going to bring a dying business that he truly cares about back to life, and into outer space. Not literally like his pal Elon... but to the outer reaches of outer space he will go with GameStop. + +He sees even deeper value than DFV. He sees just about everything, because he is sharper than a fucking razor. Sharper than all the minds on the trading floor. He sees the Matrix, basically. It goes beyond the fact that people still like disc-based games. It even goes beyond transforming GameStop into a digital company. He will transform GameStop into a TECH company. But it goes beyond that too. Beyond tech, and beyond games. One fulfillment center will not do, and neither will two. + +Ryan has a plan so enticing that executives from ~~major companies~~ the biggest companies in the world are jumping ship to join his cause. He wishes with all his heart that he can say more to the public, to the people who matter and who made all of it possible, and it breaks his heart to hold his cards so close among friends but he must. There are more than just friends sitting at the table. You don’t show your hand to the other card players if you want to win. You can be damn sure that Ryan doesn’t tell his chess opponents how he is going to win, even when he already has them cornered. + +Ryan sees retail traders storming the castle, and he steps into the fray himself. He snaps the chains on the drawbridge with one swipe. (Buys 9 million shares, puts a plan into motion, and becomes chairman). Retail starts to scale the walls of the castle, and Ryan says, “Let me stand on your shoulders and I promise you by all that is good in this world, that I will pull you up” (You hold and I must sell. You will be rewarded for your bravery and loyalty). In RC we trust. + +**Short Hedge Funds** + +Life sucks. There is a new sheriff in town and his name is Ryan Cohen. He is the bane of hedgie existence. He is a force of creation that overcomes destruction. He is what goes bump in the night. Now, trying to extinguish the GameStop flame is like trying to put out a forest fire by pissing on it. The one way out (GME Bankruptcy) is no longer a possibility, even with every dirty trick in the book. The pressure that used to tank the price, isn’t even enough to hold the price stable anymore. + +Retail are like pit bulls with diamond teeth. They won’t fucking let go of a single damned share. They won’t buy into the lies. They won’t believe the false data. They won’t take the bait. They won’t stop raising their damned floors! They won’t stop multiplying. They can’t stop. Won’t Stop. + +“Sir, we are fucked.” + +The price is so far above their average that closing their position on their own is impossible. Just like wiping their ass, someone else will have to do it for them. And that’s just considering the current price. Considering how quickly the price would go up when they start covering, the thought of being able to cover even a fraction of the position is laughable. Like trying to piss on a forest fire. + +The hedgies are under the microscope now, and still they are compelled to keep breaking the rules to buy another day in paradise. The crime and desperation are more and more obvious every day, but they can’t help themselves. More synthetics, more rerouting orders, more lies, more lies, more lies. They are like a drug addict with a gambling addiction. They keep begging for more loans to get them out of debt... and each time, they lose the bet. They keep selling everything they own to pay for their habit. They borrow money from friends, they borrow assets that they sell, and they never pay anyone back. Even Uncle Sam is tired of giving bailouts, and getting screwed over. + +**Retail** + +Retail traders are left in silence as they wait. Ryan Cohen is in the fight of his life, high up on the castle walls. They wait. Like in Game of Thrones when the army of the dead waits in the cold for the water to freeze over again, and for a path to solidify. They wait for Ryan to clear the way. + +**Ryan Cohen** + +Ryan sends cryptic messages and keeps morale high while retail waits. Imagine all of the things that he wishes he could say outright. We may have to leave it to the scholars who study this in the future to decrypt the full hidden meaning of his messages... but the overall meaning is there for all to see. He is telling apes that he is with us, that he is confident as fuck, and that great things take time. To HODL. + +Something ~~incredible~~ ~~ground-breaking~~ earth-shattering is in the making. Behind the scenes, a team of geniuses are reprogramming the entire game. Perhaps they will revolutionize the way that games are played, or the way that they are sold. Maybe they will revolutionize the way that stocks are sold. Whatever it is, it will be ~~big~~ ~~huge~~ colossal. + +Do you think that Ryan Cohen is just going to press on without shaking the shorts off of his back? Just let his company keep getting attacked, and somehow grow the market cap at the same time? Just let the hedgies bully him, and simply accept the ball and chain? To make a fucking fool out of him and his dream team of directors who get paid in shares? To continue stomping on the shareholders who helped them raise 1.5 billion and bought their company back from the dead? Fuck! No! That is not the way that legends do business. That is not the type of attitude that turned the heads of his new directors. Ryan Cohen doesn’t just build businesses, he grows them explosively. + +GameStop MUST remove the ball and chain if they want to grow, and must do it asap. Each day that the problem is not taken care of, is another day that the market cap doesn’t grow, no matter how well they do. They know this. They came into the game knowing this. + +You know that things always take longer than expected. Programming projects always take WAY longer than expected. Great things take time. Doing things right, takes time. But this WILL come to a conclusion. + +Remember that one of these days will be the day. The mother of all short positions must be closed. Each share sold short created an obligation to buy it back at market price later. One day we will wake up to something truly amazing. Ryan will drop a rope down from the battlements, and as you climb up you will find that the battle is already won. + +In the name of lord Cohen, first of his name, black of hair, king of the apes and rightful heir to the digital kingdoms, I hereby declare hedgies fucked. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +https://preview.redd.it/ugem4r73pwi71.jpg?width=1920&format=pjpg&auto=webp&s=4a5575a04bae08b90f6e20501f27de0487877f9d +My mum was orphaned from her family and grew up from institution to institution. She was homeless, in prison, and eventually died when I was 16 due to her alcoholism. + +My dad divorced from his first (and only) marriage, and had an unplanned pregnancy resulting in me sometime after with my mum. He was also an alcoholic and he wasn’t very present in my life. + +While I grew up mostly with my dad, I can’t say that he ever *raised* me. He worked constantly to try and make ends meet. Out by 5am, home by 8pm where he’d do maintenance on the car so that it would get him to work again the next morning. He was a grinder and did everything he could to put food on the table and a roof over my head. And I’m grateful for that... but it’s just that I needed more than just a provider. I needed a mentor too. + +I eventually left when I was 16 and have gone through life largely alone until now. + +And Iv made some very life altering mistakes in my 20’s due to a lack of people in my life to help me watch out for those pitfalls. And at 32, I’m still paying for them now. Iv blown opportunities, chosen the wrong decisions, and just genuinely made a mess of things. + +It’s only been in the last few years that Iv started making progress. I fell homeless for the 2nd time in 10 years in September 2017, and for me, that was the last straw. It was then that I vowed to change. + +But it all feels like too little too late. I have some savings now, and I’m about to graduate from the degree that’s taken me 8 years to accomplish. But that’s it. + +I feel discouraged when I see others at my age and younger boasting out their hundreds of thousands of dollars in net-worth, getting these massive inheritances, and just genuinely kicking ass in life. They made all the right moves early on with a bunch of support in their corners - and I’m genuinely glad for them. + +But it just kinda stings when I reflect on the lack of support in mine, and the subsequent beatings iv taken because of it. This is not to say that I’m blaming my short comings on other people. In the end, I know that it’s all up to me and that I’m accountable. I guess it’s just hard at the same time to not also focus on some of the basic fundamentals that I missed along the way. + +I just genuinely don’t know how to excel, the steps that I need to take, or the plans I need to put in place. I’m scared of making more mistakes, and I don’t have the smarts to know exactly how to form my plans for the future. + +All I know is, I want to be successful financially and I want to contribute to those around me. + +But I don’t know where to start, or how to go about it. Iv reached out for help plenty of times - asking for mentoring, even through just one or two email dialogues per month, but most of those people never replied or wanted to help. + +So it’s just me. And I guess I’m asking for a little advice.. + +Thanks a lot. + +EDIT: +Since someone asked me to share my direct circumstances, here they are: + +I moved to China to teach English in 2018. +While there, it took me about 9 months to get out of debt and put money into savings. + +Before the Coronavirus hit, I managed to save about 25k USD, and used some of that to purchase camera and film equipment because I like cinematography and photography. + +I haven’t worked since the coronavirus hit, and have been living in Mexico for 6 months. I’m here because my fiancé is from Mexico and we can stay with her parents. And also because it’s a good place to lay low and spend as little as possible. + +Since then, I haven’t touched any of my savings, and just living off a little of the wage I was earning still from China teaching my classes online. It’s not a lot, but it’s enough to stretch out extra thin here. However, I no longer have that job and am not earning any wage from that school. Now I’m scratching my head on what to do for an income. + +In China, I was making about 3k USD per month, and saving about 50-75% of that depending on expenses. + +I plan to go back as soon as the boarders open again, and am considering to do a Masters in Education in February next year. + +My goal is to use my degree that I will get this December (it’s a degree in ministry and theology) as a qualification to continue as an English teacher in Asia where the salary is high compared to the cost of living. + +I’ll most likely keep doing that, and saving, while I do my masters in education part time and online in the evenings. + +So until then, I have about 20k USD in savings, and am waiting to return to work when the boarders lift. +I haven't kept tabs on the market recently but last I remember prices were just going up, up, up and there was no supply anywhere. I'm wondering if we might see the real estate market do what the stock market has been doing. Or maybe it already has been and I'm out of the loop? + +How is your market doing? +I mentioned a couple times on this board about having some issues with a partnership that I was in. A couple members on the board asked me to share ... well, I'm finally out of it and want to share what I learned. Current NW is $5.5MM. Below is a lot of background on the situation. + +[https://www.reddit.com/r/financialindependence/comments/gn2mxx/retired\_26\_months\_ago\_lessons\_learned\_and\_ama/](https://www.reddit.com/r/financialindependence/comments/gn2mxx/retired_26_months_ago_lessons_learned_and_ama/) + +As a follow up, I mentioned in my original post 3 years ago, I bought into a small business. The last 7 months were pure hell. I finally sold my remaining position and thank goodness I'm OUT. I sold my shares at about 60% of the value but am happy to get out. Really happy! + +The short of it is that having a partner(s) in your business can make your life hell. If you're a minority investor, the majority partners have the right to vote for various things and could pad their own income, or change your role, or just screw the business because they're inept. But, even if you have controlling interest, you might have to buy the person out at a ridiculous price. In my situation, for 7 months, 4 partners tried to force me out because they did not want me to sell to an outside investor, nor did they want to buy me out at a fair price. By design, they made my life hell. And even though the true value of my shares was worth about 3% of my net worth, I nearly took nothing to sleep better so I could stop thinking about these aholes. Although expensive, I finally got a really good attorney and scared them with possible litigation before they came around and paid a decent albeit low price for my shares. + +Details --- + +I bought in and owned 49.9% of the small consumer product goods company that did $300K in sales with +55% operating margins... so the company made +$160K and was growing at +20%. I had 2 1/2 years of a lot of fun and then more business stress than I've ever had. Me and my original business partners (an older couple that started the business) sold 45% of the business to another younger couple. After the sale, I owned 30% of the business, the new younger couple owned 45%, and the original owners owned 25%. Our operating agreement was pretty standard/boiler plate. Unanimous consent to change anything directly listed in the agreement and majority votes for anything else. + +The young couple that bought in are very poor operators, control freeks, and integrity challenged. I spent 20 years at a fortune 1000 CPG company and they spent 20 weeks at our company and believed they knew everything. The male, 52 years old is also a middle manager in finance at a large auto company. The woman is about 35 and a career student. She routinely mentioned her large student loans and her ADHD when we were on friendly terms. About 9 months ago, I finally had enough and announced i was selling my shares and would exit the business. I didn't need this BS, the value was worth 3 or 4% of my networth. To sell to a non partner, you had to have unanimous consent. So, I figured the young couple would want to buy me out. I made the announcement and everyone thanked me for growing the business. I thought my shares were worth about $140K. The young couple offered me $30K. I said NO WAY and said I would look for an outside investor. The older original couple wanted me to sell the new couple because they believed I had "made enough and had enough money". They reminded me constantly that all four of my business partners would have to approve the new buyer. + +After I said NO to the low ball offer, the young couple and the original owners started passing a series of votes to enrich the themselves and reduce the margins of the company. Everything they did in the business was getting paid for and my accounting, finance, and managing contractors did not. Operating profit also drives the value of the business and they believed if they could weaken the margins and interested investors would shy away. The four of them (new and original couples) colluded in passing votes to change my role and their roles in the company as well. There was also standard clause allowing the other partners to kick someone out with cause. That clause said that if a partner did anything that embarrassed the brand or was unethical they could be kicked out. + +They tried hard to set this up. For instance, I made a minor mistake on the business taxes and that was turned into a series of emergency meetings. Luckily, our CPA agreed with me that it was a minor issue and easily corrected. + +After a couple of months I found an outside investor and he happened to be one of the business's passionate fans. He was somewhat friends with the original owners too. I gave him a good deal and he agreed to pay $128K cash for my shares. The partners denied the sale after sending him on cold calling missions and impossible tasks for an outsider to achieve. That wasted a ton of my time and my buyer's time. + +Finally, based on the success of the business and the profits being made the new couple upped their offer to $90K. Of course, I endured a bunch of bs to finally get to closing. + +If you're asking yourself, why would someone with a NW of +$5MM, be so stressed about $125K? The answer is, I really don't know ... I knew rationally, this investment was worth very little compared to my NW. But emotionally, I made this company a real business, grew it, and was getting screwed. I had a really hard time dealing with these aholes. Somehow, I FIRED and ended up in a crazy stressful situation. How did this happen? Getting into business with shitty business partners, that's how. Don't do it ... own 100% and hire out mgrs and contractors. You do not want business partners if you want to ensure your happiness. IMHO + +EDIT - I see a lot of great questions, i will try and answer them all. +&#x200B; + +https://preview.redd.it/ezdrplrvfd1a1.png?width=788&format=png&auto=webp&s=9c3eeb76b18db45818f002cba6070e6bacc66f18 + +This is not a drill. This is not a test. This is big if true (its big and it is true). I can't believe these types of posts are requiring 250 words or more to weed out spam. I guess I get it, but it does make it challenging when you are just trying to post something SHORT AND SWEET and to the point. + +Let's see if this is enough! + +[https://wallet.gamestop.com/](https://wallet.gamestop.com/) +Fed my family of 4, with plenty leftover. I (badly) estimate £0.90 per head + +&#x200B; + +Quick edit for accuracy. + +&#x200B; + +Mince beef (Ground beef for my American cousins): £1.55 500g - Aldi + +Buns: £1 for 8 (Could have got cheaper on offer) - Warburtons + +Cheese: £1.79 400g - Aldi + +Tomato: 6 for £0.60 - Aldi + +Mushrooms: 6 for £0.26 - Loose from Saisburys + +Little Gem lettuce: £0.60 - Sainsburys + +&#x200B; + +Caveats: My kids are young, I did use butter to toast the buns, I am also terrible at maths. + +Edit: I eyeballed the mince to mushroom ratio. It isn't based on weight. +#ON RRP team GET IN HERE + + +LISTEN TO THIS SHIT: + +* **Blackrock** - FedFund: ON RRP is ***37.55%*** of fund -- **$64bn** [(sauce)](https://www.blackrock.com/cash/en-us/products/282628/) + + * **unsubsidized** yield is ***-0.11 percent [HOLY SHIT - NEGATIVE!!]*** + * i.e. *THEY WOULD LOSE MONEY ON BONDS WITHOUT ON RRP* +* **Blackrock** - T-Fund: ON RRP is ***41.30%*** of fund -- **$49bn** [(sauce)](https://www.blackrock.com/cash/en-us/products/282770/) + * **unsubsidized** yield is ***-0.12 percent*** +* **Vanguard** - Federal Money Market Fund - ON RRP is ***37.5%***[(?)](https://investor.vanguard.com/mutual-funds/profile/portfolio/vmfxx) of fund -- **$65.2bn** +* **Vanguard** - Market Liquidity Fund - ON RRP is ***48.06%*** of fund -- **$53.8bn** [(sauce)](https://institutional.vanguard.com/investments/product-details/fund/1142) +* **Fidelity** - Fidelity Cash Central Fund - ON RRP is ***~76%***[(!?)](https://fundresearch.fidelity.com/mutual-funds/view-all/31635A105) of fund **$51.5bn** +* **Fidelity** - Fidelity Government Cash Reserves - ON RRP is ***57.9%*** of fund -- **$66.5bn** [(sauce)](https://fundresearch.fidelity.com/mutual-funds/composition/316067107) +* **Fidelity** - Fidelity Government Money Market - ON RRP is ***58.12%*** of fund -- **$74.5bn** [(sauce)](https://fundresearch.fidelity.com/mutual-funds/composition/31617H102) +* **JP Morgan** - US Goverment Money Market - ON RRP is ***42.4%*** of fund -- **$89.4bn** [(sauce)](https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-us-government-money-market-fund-morgan-4812c2676) + +Edit: totals are + +#$503.9 bn of ON RRP between these 8 participants + +[**Source article - can't link or else post goes away, remove spaces**](https:// wallstreetonparade.com/2021/10/the-fed-is-subsidizing-the-money-market-funds-operated-by-larry-finks-blackrock-funds-as-blackrock-manages-a-big-part-of-jerome-powells-wealth/) + +A quote within the article [(original sauce)](https://research-doc.credit-suisse.com/docView?language=ENG&format=PDF&sourceid=em&document_id=1083848471&serialid=hNxfY6HW1UslNN%2FdfWqo78%2B4uievAgm%2Ff9k67Q5kUMs%3D&cspId=null) + +> “…the Fed made a policy error: it’s one thing to raise the rate on the RRP facility when an increase was not strictly speaking necessary, and it’s another to raise it ‘unduly’ high – as one money fund manager put it, ‘yesterday we could not even get a basis point a year; to get endless paper at five basis points from the most trusted counterparty is a dream come true.’ ” + +&nbsp; + +**TL;DR: ON RRP is being used to prop up gov't bonds funds at the big institutions - i.e. the other bonds yields' are NEGATIVE without RRP** + +&nbsp; + +*So, what happens if Money Market funds - or GOVERNMENT money market funds - at Fidelity, Vanguard, JP Morgan, and Blackrock...* + +&nbsp; + +*...go negative?* +Correct me if I am wrong but I came to this theory as I did some accounting/bookkeeping for a day trader. + +Trading money is very volatile. Some days you make 10, next day your up 20, third day you are down 50 etc...This is even with swing trading you will lose money on some swings, even options which seem like throwing money in the air predicting the future. This is hit and miss. + +Sure with consistency you will end with profits at the end of the year. The main way the 10% of traders make money is they make some "trading strategy," and end up selling courses on the strategy, and also make a platform where they share trades and people paying monthly subscriptions, make a book and people buy their trading book...etc. I saw that this is consistant and stable income from my day trading friend who is a successful day trader...he simply makes money from the 90% of day traders who pay him for courses, subscriptions, books, classes etc. + +I guess what I am trying to say is unless you are like my friend who is dedicating his life to trading and teaching you are better off long term investing, learning a skill which will lead to higher pay and equity and consistent income. + +Correct me if I am wrong. + +Edit: Thanks for the comments everyone, important knowledge to be learned! +I currently earn £1,510 (18,120pa) before tax and 5.5% pension contributions. I also give my parents £100 per month for staying with them. I have no other outgoings (apart from my car but let's pretend that doesn't exist for now). That leaves me with £1,167. + +A bit of background info - I'm 19 years old, single, and at the beginning of a 2 year apprenticeship. At the end of those 2 years I will be on approximately £24K pa if I pass the interview. I don't go out much and I'm pretty frugal so I like to save as much as possible. I have £7000 I've saved up over the years. + +I'm considering completely avoiding rent in the future by using these 2 years to save up as much as possible for a house deposit. Ive done the rough maths and it looks like I could save about £30k by the end of the 2 years and possibly more depending on where I invest the money (LISA/ISA etc). I'm also hoping to apply for the First Home Fund (£25000) if it's renewed so that would give me £55k potential deposit which is pretty huge. Along with that, I would be on a higher salary of £24K which would allow me to get a mortgage of around £108000 (4.5x salary rule). So I could purchase a property of around £163000 if I'm not mistaken? + +Two questions: + +1. Is my plan to buy a house in 2 years viable? + +2. How exactly would you invest that £1,167 each month if you were in my position? +Ask any true ape if they are selling. + +The answer is a resounding no. + +The wholeeeee fucking globe, people from all over are invested in this butterfly in a mineshaft of a company, so NO ONE in their right mind would fucking sell their shares. + +The PRICE is—AND HAS ALWAYS BEEN— +#WRONG. + +Okay that is all folks, carry on AND of course: +#buythedip + +(Not financial advice.) + +Edit: *Fuuuck me* this really blew up; for any doubtful apes, look at the comments and updoots. No one sold, no one will sell until Valhalla is reached. 🌌 +😂💰😊💰::made it another 2 days, made it another 2 days:: 💰💰 +P. S. hope no one takes this as giving up on trying to change my situation. I am, every single day. But it does help to laugh a little and be greatful for the small things +(Also posted in r/valueinvesting) + +T is still off more than 25% from pre-pandemic prices for what feels like an improving situation for them, with a nice dividend. Curious if people think that's justified or not? + + +My read is - their base revenue from pure phone/internet subscribers is safe, meanwhile they've been able to refinance all their debt at the record low rates from some previous mistakes (DirecTV acquisition). The only significant hit they would seem to have taken in the pandemic is Warner Bros studios shutting down for awhile and a delayed release of some movies, but that's very temporary and easy to make up. Their main competitors (Verizon, Comcast, Disney, Netflix) are all up in the pandemic - Why is T still down? + + +Plus, as a bonus (its not a significant percentage of revenue, but is very high profit margin) HBO Max launched at exactly the right time mid-pandemic and tripled projected subscriber numbers, mostly leveraging the old catalogue of content they already own (Friends, West Wing, Sopranos etc.) which costs them nothing for sticky, high profit customers + +Disclosure: I am long several hundred shares of T and a couple small long call options +SPACE IN BOUND! + +https://cardanomini.io/ + +✅The BEST entry EVER! + +Some people just sold off for their 3X and left. Others sold low, chart looking great to shoot back up. ADA rewards on BSC running on the best printer since July 29! Ignore all the copies out there scamming people. + + +🐸 CG and CMC applied + + +💰Best ADA rewards that actually work! 9% and not scam high % out there! + +💰 Actual usecase to buy and HODL ADAMini, entry to partner project presales, dashboard, calculator and platoform! + +💰DApp upgrade soon with everything directly on the web app! You will be able to view ADAMini stats, calculate rewards, whitelist for partner projects and more! + +✅ Join the Telegram to be informed about the exclusive promo givewaway! + +https://t.me/CardanoMini + +📈Buy back and burns still on going! + +❗️8.8 burned + +📈 One of the few teams in BSC that actually follows their whitepaper and roadmap! + +❗️Don't be a paper hand, buy and hold ADAMini and explore SPACE! + +🗣Telegram: https://t.me/CardanoMini + +🗣Website: https://cardanomini.io/ + +🗣Twitter: https://twitter.com/cardanomini + +🗣Buy: https://pancakeswap.finance/swap/0xd1d52246271ed5a7403c543ceea3344e39a8af29 + +❓Roadmap Updates❓| + +Q3 items all completed, only CG and CMC listing left. This will come in due time. Team is already working on Q4 items! More marketing to come. Working on the next TikTok and YouTube influencer as the DApp gets completed! +I am starting a side account/ project to save some money over the next 15-20 years for my niece's college fund/ whatever she wants to use it on. I plan on throwing $10 per day into a few hand picked ETFs. Let me know what you think of these choices: + +&#x200B; + +$6/ day - VTI + +$2/ day - ARKK + +$1/ day - ARKG + +$1/ day - CNRG + +\+lump sum of around $100-$200 into each to get things started on these low prices! + +&#x200B; + +I am open to ideas/ recommendations, as I'm fairly new to long term investing and ETFs in general. I chose these as I wanted a balance of high growth and stability. Thanks in advance! +I've been renting for the past five years. I'm finally in a position where I feel like I want to stay at my current job for the next 2-3 years. Based on this I decided I wanted to stop renting and buy a house.. + +I live in a mid size midwestern city who's housing market has exploded in the past two years. Prices for a 75 year old house, 2-3 bed, 1-2 bath are ~300k. It's a city that's been growing and will continue to grow. Like a lot of places it's supply constricted. Almost all new construction is apartments. I don't expect housing prices to crash but I don't expect them to grow at 30% a year anymore. + +I have no debt. I've got 70k in my savings account and another 40k still on the market. I make ~100k. My current rent is 14k a year. + +Is it a better idea to put my cash back into the market now or continue on the path to purchase a house? + Welcome to autoPay Crypto 🌙 + +**🗣 Join our Telegram group at ➡️** [**https://t.me/autoPayCrypto**](https://t.me/autoPayCrypto) + +🌍 V**isit our website at** [**https://autoPayCrypto.com**](https://autopaycrypto.com/) **for more info.** + +\------------------------------------------------------- + +Contract: 0xe745f2bfb9b36cea9eed16ab93e9bc550e56b09c + +Buy on PancakeSwap: [https://pancakeswap.finance/swap#/swap?outputCurrency=0xe745f2bfb9b36cea9eed16ab93e9bc550e56b09c](https://pancakeswap.finance/swap#/swap?outputCurrency=) + +Slippage at least 15% + +\------------------------------------------------------- + +📡 **Promos done until now:** + +\- Coinhunt Top 3 spot during whole day of listing + +\- Coinsniper Top spot during whole day of listing + +\- TG post at DefiWinnersCircle: [https://t.me/DeFiWinners/924](https://t.me/DeFiWinners/924) + +\- TG post at Planet Of Apes: [https://i.imgur.com/8eqzwGV.png](https://i.imgur.com/8eqzwGV.png) + +\- TG post at Moonarch Snipes: [https://i.imgur.com/0blNUCY.png](https://i.imgur.com/0blNUCY.png) + +\- TG post at WiseApes Calls: [https://t.me/wiseapes/508436](https://t.me/wiseapes/508436) + +\- TG post at WiseApes Community: [https://i.imgur.com/FE8tdUH.png](https://i.imgur.com/FE8tdUH.png) + +\- Twitter post with Bandit\_Promos: [https://twitter.com/Bandit\_promos/status/1415295324206231557](https://twitter.com/Bandit_promos/status/1415295324206231557) + +\- Video by Katie: [https://www.youtube.com/watch?v=hM7E9NrJOv8](https://www.youtube.com/watch?v=hM7E9NrJOv8) + +\- Promoted spot on Coinhunt for 2 days ([https://i.imgur.com/w3FLNsn.png](https://i.imgur.com/w3FLNsn.png)) + +\- Banner ads on 4chan ([https://i.imgur.com/2iIRgjb.png](https://i.imgur.com/2iIRgjb.png)) + +\- Multiple Tweets & TG posts by LodFarquaard ([https://twitter.com/defilord69/status/1422550929677631504](https://twitter.com/defilord69/status/1422550929677631504)) + +\- Twitter Post with Jamie Kingston ([https://twitter.com/jamiekingston/status/1422671284132007938](https://twitter.com/jamiekingston/status/1422671284132007938)) + +\- Banner ads for 7 days on [Coinmooner](https://coinmooner.com/) ([https://imgur.com/a/ceMztpS](https://imgur.com/a/ceMztpS)) + +\------------------------------------------------------- + +➡️ **3 main features of autoPay Crypto:** + +* **Automated reward system** for holding autoPay tokens as ANY BSC token the community decides. +The distributed reward token (for 48 hours) will be determined in Telegram polls. +**How will this work?** +*We contact other project owners, tell them that we want to add them to our current reward poll and if they win the poll, their token will be distributed to autoPay holders for the next 48 hours as reward for holding autoPay.. in exchange, they advertise our poll in their Telegram channel and tell their investors to join our group and vote for their token.* +*To prevent any voting fraud, only votes from voters which join the official autoPay chat will be counted.* +* **Automated LP burn,** which will turn collected tokens from taxes to LP tokens and then send them to the burn address immediately. +* **20 BNB charity donations** to Binance charities for each $1 Million market cap milestones reached (20 BNB at 1 Million, 20 BNB at 2 Million, 20 BNB at 3 Million etc.). + +\------------------------------------------------------- + +⚙️ **Tokenomics** + +Total Supply of $autoPay tokens +1 000 000 000 000 000 + +PancakeSwap launch allocation +96.4 % + +Team & Marketing wallet +3.6 % + +\------------------------------------------------------- + +**🧾 Taxes:** + +\- 7% of every transaction will be collected as $autoPay tokens and liquidated automatically to buy the reward token which will be distributed to holders. + +\- 3% of every transaction will be collected as $autoPay tokens and turned to LP tokens to proceed with the LP burns. + +\- 5% of every transaction will be collected as $autoPay tokens and liquidated automatically to be used for marketing and the 20 BNB charity donations. + +\------------------------------------------------------- + +**🛣️ Roadmap for autoPay** + +**Phase 1 - Presale preparations** + +* *Project name ✓* +* *Logo creation ✓* +* *Website ✓* +* *Social media accounts ✓* +* *Shilling material ✓* +* *Contact crypto influencers to promote presale ✓* +* *Promote presale on Twitter ✓* +* *Promote presale on Reddit ✓* +* *Promote presale in YouTube comments ✓* +* *Shilling contest with 10 BNB giveaway ✓* +* *Develop partnerships with other tokens ✓* +* *Reach 2000 Telegram members to start DxSale presale* + +**Phase 2 - First few days after launch** + +* *Succesful PancakeSwap launch* +* *Develop more partnerships with other tokens* +* *Apply to CoinGecko* +* *Apply to CoinMarketCap* +* *Paid contract audit* +* *Promos with Twitter influencers* +* *Promos with YouTube influencers* +* *First 20 BNB donation to charity at 1M market cap* +* *Take part in MoonshotMonday event of SatoshiStreetBets on reddit.* +* *Apply for Logo on Trust Wallet, PancakeSwap, PooCoin etc. at 2500 holders* + +**Phase 3 - Following weeks** + +* *First CEX listing* +* *Blockfolio listing* +* *Delta App listing* +* *Push for 10'000 Telegram members* +* *Push for 10'000 holders* +* *Mercedes-AMG GT C Coupé Giveaway at $50 Million market cap* +* dApp release to track earnings gained from autoPay +* *Website revamp* +* *More and bigger marketing moves* +* *Real life usecases* + +\------------------------------------------------------- + +**Official autoPay links:** + +🌍 Website ([http://autopaycrypto.com/](http://autopaycrypto.com/)) + +🗣 Global Telegram ([https://t.me/autoPayCrypto](https://t.me/autoPayCrypto)) + +🐦 Twitter ([http://twitter.com/autopay\_crypto](http://twitter.com/autopay_crypto)) + +📸 Instagram ([http://instagram.com/autoPay\_crypto](http://instagram.com/autoPay_crypto)) + +🔈 Promo/Shilling material ([https://t.me/autoPayPromo](https://t.me/autoPayPromo)) + +🇮🇩 Indonesian group ([http://t.me/autoPay\_indonesia](http://t.me/autoPay_indonesia)) + +🇨🇳 Chinese group ([http://t.me/autoPay\_china](http://t.me/autoPay_china)) + +🇹🇷 Turkish group ([http://t.me/autoPay\_turkey](http://t.me/autoPay_turkey)) +[https://financialpost.com/pmn/business-pmn/canada-cuts-debt-issuance-ends-sale-of-inflation-linked-bonds](https://financialpost.com/pmn/business-pmn/canada-cuts-debt-issuance-ends-sale-of-inflation-linked-bonds) + +"The government said it has decided to cease issuance of real return bonds, which have a coupon that is linked to the level of the consumer price index, effective immediately, due to low demand for the product" + +I haven't seen this discussed at all but does it concern anyone else? Is this the government saying that it thinks inflation is going to be too high and the BoC won't be able to bring it down quickly and they don't want to be on the hook for the costs? The statement to the press says it is due to low demand but they cancelled it at the highest inflation in decades which makes me question that. +The rep on the phone sounded frazzled during the call + +~The service agreement with rbc states it has to be done in 7 days. + +~Are you holding real shares for me? Or just a contract for difference? + +~Can I please have the name and direct number for the head of the fulfilment Center? +I’d like you to transfer me because I don’t think you are in compliance with the law stating you need to acquire and hold the securities that I paid for. + +Good luck apes + +I am now talking to another guy at direct investing. He’s now telling me my shares are now sitting waiting for computershare to grab them. 🤷🏼‍♂️. And tips to push this guys. It sounded like a deflection. +SolarFare is a revolutionary yield farming protocol built on Binance Smart Chain with launchpad function and charity donations to the Binnacle wallet. + +Designed with the purpose of giving people a safe place to store their tokens while delivering great reward incentives to stakers. The token offers investors the possibility to stake their SLF in our built-in Dapp to earn BNB, and the best part is that you can withdrawal your token at any moment - yes, no locking period at all! + +Who said that making money needs to be hard!? + +For every transaction 8% tax is applied: + +- 4% distributed as BNB for stakers + +- 3% added to the liquidity pool + +- 1% will be transformed into BNB and donated directly to Binance Charity so the team doesn't hold any donation wallet. + +Recap of last 24 hours: + +- CoinGecko listing + +- CoinMarketCap listing + +- Over 20mil Market Cap + +- Donated over 100 BNB to Binance Charity Fund + +- Distributed 300 BNB staking reward + +- Logo added on Trust Wallet and PCS + +How it works: + +Stake your SLF tokens on our DApp and get rewarded in BNB. The BNB rewards are given to stakers proportionately to the amount of SLF staked and will be sent for every block. This makes the system fair and guarantees an equal distribution to every holder. But it is not all, the best part is that you can unstake your SLF and withdraw BNB rewards at any time. + +Tokenomics: + +Total Supply 1,000,000,000 + +Team Fund 20,000,000 (2%) locked 1 year + +Marketing fund 30,736,200 (3%) locked for 3 months + +Liquidity 70% locked for 1 year with Unicrypt + +Further rewards to holders will be given once the launchpad will be fully working. + +Important links: + +TG: https://t.me/SolarFareFinance + +Check out the website at + +https://solarfare.io/ + +KYCed by Pass Or Fail Me + +Audit by Solid Group: + +https://solidgroup-68170.medium.com/solarefare-x-solid-group-audit-results-383d90c43025 + +Audit by Certik (ongoing): + +https://www.certik.org/projects/solarfarefinance +I’ve been holding back on posting this because i dont wana get fucking roasted but fuck it and fuck you all, i need to tell someone. + +I told my mom to let me borrow $9k and that I could easily flip it and i’ll pay her back plus a $2k fee. i fucking lost it all. i don’t know what to do anymore. i want this to end. i feel so fucking numb. my mom has been harassing me for her money and i’ve been avoiding her. + +i’m seriously considering changing my phone number and hiding out at a friends house until she forgets or something. someone please tell me it’s all gona be ok. please tell me you’re going through worse or something idk i’m so scared and alone right now my obsession with this has pushed almost all my friends away from me and i don’t know what to do. i can’t stop drinking either. i’m seriously considering taking my guitar and playing it on the subway until i recoup $11k + +edit: stop reporting me to reddit saying i’m gona self-harm +The most frustrating part of getting into any of the 5 main ARK Etf's was sitting every week waiting for a 5% pullback when it keeps going up 8% the previous few days. After this kept happening i finally decided to just pull the trigger last week and am now in Arkk, Arkf, and Arkg and am very happy about it. While i dont expect YOY gains of 100% Like last year i think over 20% will be no problem. + +Now could you every night get their news letter on what they invested in and do it the next morning instead of paying the 0.75 fee, sure but your a day late on the market and that could be half the fee and the time etc is the other half so i think especially on what all have returned in the last few years the fee is fair. +In the current environment, where debt mutual fund returns are very poor (last 3 month pre-tax returns for the best overnight/liquid/short duration funds are (0.75%-1.25% i.e between 3-5% annualized), bank fixed deposits suddenly look more attractive. Especially those of many strong but less known banks (small private banks & small finance banks that are RBI Scheduled banks with deposit guarantee). + +When I speak to people around, concernts/constrains on investing in bank FDs seem to be + +a. Trust/Safety (what if it is another PMC bank) +b. Convenience (can I open & operate account digitally) +c. Awareness (I didn't know I can earn 7% on a bank FD. My bank offers 4.5%) + +Any other concerns/constraints come to mind ? How to address them? + +If you have been in the camp of FDs are boring/low return & debt MFs are the right choice, what will prompt you to revisit & change that view ? +I have about ~4.2 million in stocks and 0.8 in other investments that are less liquid. +I want to purchase a home. Due to some circumstances my credit score is not great (690), homes in my area are going for about 1.7 million and most banks wont talk to me until I get it above 720. + + +I am thinking of leveraging about 1.5M margin from my stocks (thinking IBKR) and adding any excess with selling my crypto since I have been meaning to exit that position. Main aim is to avoid Capital Tax, since a lot of these are long term positions with upto ranging from +50% to +150% profit over cost price. + + +Current interest is ~1%. Initially I am planning on making interest only payments, and if the interest rate starts getting higher take out a mortgage against the home. Also planning on repaying the loan partially whenever I exit a position. + +Questions + +1.) Is 1.5 million cash margin loan too risky on 4.2M. I have around 1.5M in stable ETFs, 1.5M in FAANG, rest of 1M in short term plays, not too risky but note completely risk free either (Disney, Eventbrite, Tesla). Rest 200K is fun money (GME, AMC and other YOLO stocks). No option play, no shorting, No current debt. + +2.) Is IBKR the best broker for this arrangement. Generally everyone on the internet recommends IBKR for lowest margin rate, but Biltmore is advertising lower. + +3.) I will probably miss out on tax benefits of a mortgage, right? I think considering closing cost it won't make that much of different. +This is a discussion post to learn and discuss about the latest GME SI data. As a retard GME bag holder I want to know what is the different between the data published by FINRA and the data published by pretty much every other venues. I will be posting compilations of sources here + +[FINRA Data published by Morningstar](http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126:0P000002CH) shows GME SI at 78.46% of float. + +[Others posted SS](https://imgur.com/a/upLgSnX) also showing at 78.46% + +[FINTEL data from this fellow retard](https://www.reddit.com/r/wallstreetbets/comments/lghaex/gme_and_amc_short_interest_data/) posted for GME at 44.02% + +[WSJ posted](https://www.wsj.com/market-data/quotes/GME?mod=searchresults_companyquotes) data showing GME SI at 41.95% + +[Bloomberg terminal](https://imgur.com/gallery/XnLnAfl) shows data at 42.61% + +[Marketwatch](https://www.marketwatch.com/investing/stock/gme) data shows 41.95% + +[Ortex](https://www.ortex.com/symbol/NYSE/GME/short_interest) reports 43.36% + +[CNBCunt](https://www.cnbc.com/2021/02/09/gamestop-breaks-below-50-a-share-as-short-squeeze-comes-to-an-end.html) Reported "about 50%" lol + +TDAmeritard is showing 42.24% of float. Will post SS tomorrow. + +&#x200B; + +Update 1: + +My fellow retards. I searched the internet far and wide and I still dont have an answer to this. There are many theories but nothing rock solid and conclusive. Maybe I am too retarded. To add to the fuckery I added AMC below + +[Finra reports AMC](http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126:0P00011H0G) SI at 15.70% + +[WSJ reports AMC](https://www.wsj.com/market-data/quotes/AMC) SI at 66.06% + +&#x200B; + +Update 2: + + +Thank you u/sidepart for figuring out the Math. Please check his [post here explaining the big number in pretty crayon colors](https://www.reddit.com/r/wallstreetbets/comments/lgk89i/comment/gmsfetb). The number of short is constant at 21.41 million shares shorted. The next mystery is why FINRA use 27.79 millions free float vs WSJ, bloomberg using 50.62 millions free float shares. Did institution just bought 23 million shares and this data is yet to be reflected by wsj and bloomberg ? +For those of you so eager to buy back in, it would be good to get educated on what a bear market actually is. It's not just a term for stocks going down or a particularly deep dip to buy. + +Bear markets act a certain way, last a certain amount of time and certainly don't magically reset back into the last bull market we had. There will be a new bull market (at some point) but it likely will be very different from the nature of the one that is now dead and buried that we all loved so much from 2009 - 2020. Expect different market leadership, different return patterns and certainly a different duration. + +The good news is that typically the sharper the drop into bear market territory, the quicker the recovery is. + +This is a decent primer from AP: [https://apnews.com/de346fd365b1e91cc0c204f68bed700d](https://apnews.com/de346fd365b1e91cc0c204f68bed700d) +I hit my coast FIRE number recently ($200k) at the age of 28 while earning $30,000 or less per year. + +However, I regret my entire life. Why? Because of my unhealthy fixation with money. I would simply never spend it. I always like seeing the numbers increase from the age of 8 years old (allowance money, selling candy, bank account matching by my parents to encourage saving). + +I did not take any risks in life. I did not look for a high paying job. I did not experiment socially with dating, networking, or travel. + +Saving was easy because I didn't do anything. I spend most of my time thinking about my savings, trying to reduce expenses, bored, or working. I don't think of greater opportunities for self-improvement. No social growth. Never kissed a girl, etc. + +When I got my first job, I felt so aimless after hitting a certain saving metric (maxing my IRA). What now? What's the point of working? I was clueless and native but still, the issue was a lack of deep fundamental purpose in life. + +So now I have this somewhat big amount of savings, technically coast FIRE, but with no goals. + +What would you recommend? + +Try First Steps with the Meta Quest 2, then spend 40 hours watching different content, using a variety of different applications, etc. after you’ve done so, if you still think it’s stupid, then touché, you’re allowed to say that VR is stupid and has no staying power in the future of global society. It costs $299 for a headset. Buy it on Amazon and return it within 30 days if you don’t want to keep it. + +It’s hard for me to describe how good VR is right now. I can’t really understate it. It’s much better than it was 5 years ago, and the experience is much better than most people expect it to be. That, and it’ll only improve as time goes on. + +Facebook/Meta definitely has issues. However, in my opinion, scaling into VR is one of the better decisions they’ve made in the last 5 years. I personally believe that VR will have an immense impact on the future of global society. I’m already seeing people in my industry using VR to learn new job skills. It has a tremendous amount of value. + +Try First Steps with the Meta Quest 2, then spend 40 hours watching different content, using a variety of different applications, etc. after you’ve done so, if you still think it’s stupid, then touché, you’re allowed to say that VR is stupid and has no staying power in the future of global society. It costs $299 for a headset. Buy it on Amazon and return it within 30 days if you don’t want to keep it. + +It’s hard for me to describe how good VR is right now. I can’t really understate it. It’s much better than it was 5 years ago, and the experience is much better than most people expect it to be. That, and it’ll only improve as time goes on. + +Facebook/Meta definitely has issues. However, in my opinion, scaling into VR is one of the better decisions they’ve made in the last 5 years. I personally believe that VR will have an immense impact on the future of global society. I’m already seeing people in my industry using VR to learn new job skills. It has a tremendous amount of value. +It's easy to feel like the world revolves around GME when you spend as much time as we all do reading this sub, but keep in mind, we are a very small percentage of people. Everyone will be mindblown when Gamestop crashes the global market. + +Wallstreetbets is compromised, they haven't even mentioned the Gamestop tweets over there. Mainstream media hasn't either. Nobody is even talking about or entertaining the idea of the MOASS except us. This is because it's real. If the shorts did cover the media would have came through and debunked us. Instead we have experts of financial markets doing AMAs. This is real. I know it's hard to beleive but it is. Make sure you diamond hand. + +Have a plan when this happens, maybe consider not telling anyone you were one of the 0.003% who made it big on Gamestop. Put your new found liquid in solid assets you believe in ($GME) or use it as capital to start a business. + +I love you all. It's likely when the MOASS happens this sub will flood just like WSB did. We will need a place to go so we can all keep in touch and share what we do with our tendies. Any proposals from the mods? +I’m thinking primarily of financial assets/instruments but could also be real estate or business investments. At what point did you make the decision? And how did it work out? + +I’m seriously considering this option. I’m in my late 30s, have about USD3.7m in investable assets and an after-tax salary income of USD200k. + +I don’t particularly like the day job and have toyed with the idea of leaving office politics behind and focusing on my investments full time as I suspect that I might hit my fatFIRE target of USD5m+ just as fast this way (through investment outperformance). +I have six days left until payday, and for the first time ever, I still have $43 left in my account after bills, and I think I'll actually be able to get by until payday without touching it. I don't have much leftover after bills, but originally the little bit I did have leftover was going straight into snacks or fast food because I was either too tired or didn't have time to cook real meals, even when there was food in the house. Admittedly, that's part of how I found myself with so much credit card debt. I have started making huge meals when I can/do cook, enough to set aside at least two portions (one for my partner, one for myself) to heat up later when we get hungry instead of going out to buy something quick and easy. This, along with a budget, has seriously helped me. I definitely don't think a budget can fix everyone's problems, but for me, it has worked wonders, mostly because I grew up a very reckless spender--much like my father--which is how I found myself in this position in the first place. + +Roughly 40% of my monthly bills are minimum payments on various credit lines, and the payments I have left to make on our car. While I could say the credit cards I have maxed out were due to being between jobs, they really weren't. I wasn't responsible with them, and would be in a much better position financially if I had just never had them to begin with. My parents never really taught me anything about finances and I have found out the hard way how difficult it is to climb out of a hole you've already dug yourself into. I didn't *need* the cards at the time, I just *wanted* them, and their minimum payments have nearly doubled my bills as a result. I've definitely reevaluated my financial situation and my credit cards. Once they are payed off I'm never putting myself in this position again. I currently keep them at home in a drawer, untouched. I don't have the numbers memorized, and I never touch shopping apps anymore so I don't risk the temptation to use them for online spending. + +I have money leftover after bills (thankfully), I just really needed to reevaluate my spending habits with that leftover money. I am working very hard to keep any extra set aside so I can start shoveling it into credit cards one by one and get them payed off so I can remove their minimums from my monthly expenses. One credit line has a minimum of $80/mo currently (it will go down to $45/mo in 2-3 months) and my other two credit cards each have a minimum of $25/mo. That's over $100 just in credit card debt that I'm paying monthly. + +We have seven payments left on our car. Six actually, we made a payment yesterday(YAY!). My share is $150/mo. That's another bill I can make disappear in six months or less. If we get a tax return we are planning on fixing the car's radiator (we've been putting it off as long as we can because it's a $300 fix) and then putting as much as we can back into paying off the car so we no longer have the payments hanging over our heads and can officially *own* it! I have also found a phone plan I'll be switching to soon that will bring my monthly bill down from $36 paid monthly (\~$440/yr) to $180 paid annually ($15/mo). + +My goal is to have my debt paid off by summertime. I have a new job lined up to start then. This job has been offered to both myself and my partner and at minimum, we will be making $6k/mo combined, 2 weeks working Mon-Fri, 2 weeks off. Even though I know we'll be in a great financial position then, I'd still like to start with a clean slate, everything paid off, no debt leftover so I can start saving/contributing to retirement accounts at a young age--I'm 19, he's 20. I plan to pay off my credit lines/debts in the meantime one by one in this order: + +\-CC #1 $300 balance, monthly minimum $25 (impacts credit score, 26% APR)-CC #2 $300 balance, monthly minimum $25 (impacts credit score 26% APR)-CC #3 $815 balance, monthly minimum $80, then eventually $45 (does not impact credit score, 0% APR) EDIT: I guess it DOES impact my credit score, things changed since I first opened the account, but I still have 0% APR thankfully!-Car $975 my share ($1,950 total) (does not impact credit score, 0% APR) + +I'll put more into the car than my share once my other stuff is payed off, as my partner put more money down in the beginning than I did, so in the end it will even out, and I don't mind putting more in on my end anyways, I just want the bill gone. + +It's been a lot of learning these last few months, most of it just understanding the value of money, and wrapping my head around concepts I was never taught growing up--saving, budgeting, not spending recklessly. I don't have much free income after bills to begin with, mostly due to my prior stupidity over the years. I make roughly $900/mo, and my bills average out to around $750, sometimes more if the car needs maintenance, food stamps don't cover groceries, etc. I definitely make enough though to work on putting myself in a better position, especially when it comes to clearing up debt. + +I guess I just wanted to share, I'm super excited that for once in my life I finally feel on top of my finances, have a budget, a plan, and still have money in my bank account before payday. First priority right now is *keeping* it there. I wish I had learned better spending habits earlier in life so I wouldn't have put myself in this position, but I'm just happy to be finally getting on top of it at least. + +EDIT: Wow, didn't expect this to blow up! 10/10 the community in this subreddit is super wholesome and helpful, it's absolutely fantastic to see so many people taking time to give advice and show support! +Our child is going a private four year east coast college. We are FAT but trying not to spoil him. All of our trusts are confidential and completely discretionary. He went to a private high school and but does have a summer job. I want him to enjoy school and studying. What is a reasonable allowance per month for him? 529 will cover most of her other costs (housing, travel, books, etc). + +I don’t want him to be the spoiled trust fund kid that I hated in college. + +Any insight and thoughts are appreciated. 🙏🙏🙏 +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!!! +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! + +Hi guys, I didn't know where I should post this but I own a few stocks in the ASX (Australian stock market) and some bitcoin. I am sick and tired of hearing every time bitcoin or some of my stocks fall to "SELL SELL SELL YOU SHOULD PROBABLY SELL". But whenever the price increases they say "Have you still got x stock? You should keep it." + +It's ridiculous to me how people think this way after 1 bad day of stock performance. I am a long term investor and was wondering if you guys have had this issue with family or friends where they are convinced the world is ending when the market has a bad day and how you dealt with it. +Thanks. +I don't know about you guys but the first weeks I made some profits with trading (even if I lost everything shortly afterwards lol), I KNEW that there was no going back to working for $20/hour. I mean the first time you make your first $1000, $500 or even $100 in a couple of minutes on your phone... It's like discovering fire. + +And even if some (most?) will not succeed longterm in trading, you know you have at least to try your best. + +I wish you all a steady and profitable year 2021 **🌟** + +Edit: Just to clarify --> I am not a newbie in trading. When I talk about this feeling, I am referring to my debut in 2016. And I didn't quit my job at that time, luckily lol. Btw I don't recommend anyone to quit their job. +Background, mid-50's, wife already retired, I expect to join her next year. NW around $8M plus a mostly paid off home. + +Yesterday we went for a walk in the Marina neighborhood of San Francisco, and it really reminded me how much I love that area. Just absolutely gorgeous, so walkable, such good quality of life (notice I'm not saying anything about the type of people who live there, that's a different matter). But the homes we would want to live there would cost a minimum of $3M or so, and for an updated one with a small garden it's much more than that. In comparison, the home we have now was purchased for a bit over $1M and according to Zillow its now worth $2M (though I doubt we could actually get it). + +Anyway while we were fantasizing over that neighborhood, and looking at some homes on Zillow, I said if I was willing to work another 5-10 years, we could easily swing it. And I hadn't really thought of the FIRE tradeoff in quite those terms - an actual house in a beautiful neighborhood, in exchange for 5-10 years of my life on the corporate treadmill. Dreams of going for a long walk along Marina Green or Chrissy Field every morning. It didn't change my decision though, I'm still retiring. + +Of course, in literal terms, we could afford that Marina house now, and still retire, but that's cutting into our margin of safety too much (and I hate the thought of a $50K+ annual property tax bill). +And I'm just feeling really defeated. I've been scraping by but now the majority if not all of my income is going to be going towards rent alone. I was homeless for a large portion of my childhood and I've tried to stay hopeful and tell myself that if I worked hard enough, I'd be able to buy a house and give my kids the life I never had but... it just seems so impossible. + +I've been living at this place for 6 years, this is the longest I've lived anywhere, this has been the only home my kids know. I couldn't move if I wanted to (have to make 3x the rent to qualify anywhere) so I don't have a lot of options. + +Not really looking for advice, I just needed to vent to someone that understands... thanks for reading +A bunch of analysts are starting to predict a 1929-style market crash by the end of next year. + +Consumer Price Index is at the highest it's been in decades in many categories. The real estate market seems to be in a bubble in many sectors. Crypto speculation is at unseen levels, what with the NFT craze and the amount of scams going around. Political tensions around the world are getting worse. China's debt is getting out of control and the US fed is printing money like never before. Something something COVID. + +Are we going to hit a wall soon? +Genuine question: Why do you invest in real estate? + +I know there are a ton of benefits to investing in real estate like tax benefits, building wealth, passive income, tax-free money, etc and all the good things easily searched on google. + +But WHY? Is it something you're passionate about? Were you influenced by your family? + +I'm just looking for clarity on this. + +I know there are stories out there but most just default to "build wealth" & "have passive income" + Now I don't believe some of the things that I am hearing from people Everybody is talking about this situation like it is the end of the world. + +It is not. 2018 was worse, 48 per cent fall against todays of 41. + +The market recovered. It will again. Also crypto is everywhere now, from sustainable energy to Telecommunications and finance (Ledger, World Mobile Token, Zgsync) a huge diversification from 2018 and I believe at this point it is just too big to fail. + +People will start investing in it again and when that happens everything will go back to normal. Remember 2018 ? + + What happened afterwards and how prices jumped and people couldn't believe how much money they were making, well it will happen now again just have the patience to wait this out and I believe our profits will go through the roof in due time. Wait and see and stop worrying, + + I hope you share my sentiments. +When the Interactive chairman was interviewed, he straight up said the reason the clearing houses told the brokers to restrict certain tickers is because they don't want to front transactions they're not sure will clear. + +When the WeBull CEO was interviewed he basically confirmed they had been asked by the clearing houses to restrict the tickers for that reason. + +Neither of them said they themselves were underwater, they just said they don't want to be, so they halted trading on their own accord to limit their own risk. + +I don't want to spread FUD, but I can't help but worry - if the bag holders of the GME shorts don't have the money to cover, the brokers will cover the loss and chase the shorters for the money, which they don't have, so it will be written off or whatever. But if the brokers don't have the money to cover, don't the clearing house have a problem? And if the clearing house can't even cover the loss, the integrity of the whole market is at risk? This is literally what these people themselves talked about on national television. + +I think there may be a small but non-zero risk of systemic risk to the financial system, similar to when Lehman collapsed. + +I'm always the first to laugh at permabears always screaming that the next collapse is happening any day now, but I have to admit, today, even I am legitimately worried. + +At US open, I will sell some SPY calls. + +Tell me why I'm wrong. +Basically Biden has ~~forced all Americans working in China to pick between quitting their jobs and losing American citizenship~~. restricted “US persons” from involvement in manufacturing chips in China. + +China is trying to keep it quiet for "national security" but really it's cause they are royally F'd. + +Here's a thread explaining with some sauce. [https://nitter.it/jordanschnyc/status/1580889341265469440](https://nitter.it/jordanschnyc/status/1580889341265469440) + +This is gonna rock alot of stocks when it breaks. + +Edit: [List of Semiconductor companies of China](https://en.wikipedia.org/wiki/Category:Semiconductor_companies_of_China) for you degenerates. + +Edit 2: China source thread. Use translate [https://nitter.it/lidangzzz/status/1581125034516439041#m](https://nitter.it/lidangzzz/status/1581125034516439041#m) + +Edit 3: [The Independent is now running the story](https://archive.ph/jMui0) since the standard for some people is reporters across the globe in the US as opposed to reporters tweeting live where this is happening. From the article " This had the effect of “paralyzing Chinese manufacturing overnight”, adding that the industry was in “complete collapse” with “no chance of survival”. + +Edit 4: [The official US Gov rule that is now in effect](https://www.bis.doc.gov/index.php/documents/about-bis/newsroom/press-releases/3158-2022-10-07-bis-press-release-advanced-computing-and-semiconductor-manufacturing-controls-final/file) and I crossed out the loss of American citizenship that was originally reported upon reading the actual BIS rule. +I’ve been in involved in California investment properties for 40+ years. The landscape has changed, significantly for the worse for landlords IMHO. My last two negative experiences and status of rent controls: + +-apartment tenant brought in unauthorized pitbull and girlfriend. Obviously I wrote stern letter to correct or quit. City paid tenant attorney wrote response accusing me of discrimination. Then they filed bogus mold claim. + +-foreclosure on a first trust deed (investment) in default. Took five years to wind itself through court proceedings before foreclosure sale, first judge was anti-landlord and granted several questionable delays in debtors favor. + +-CA, has state wide rent control limiting rent increase to 5% plus CPI not to exceed 10% per annum. + +-many northern California cities are adding rent control and or eviction controls or restrictions, Antioch is the latest with a max allowable rent increase of 3% per annum. Other cities include Hayward, Emeryville, San Leandro, Alameda, Union City, Mountain View, Concord. And of course Oakland, San Francisco, Berkeley. + +With difficulty of operating rentals in California, should an investor even consider buying California small multi unit properties in the current anti-landlord impossible to evict bad tenant environment? If not California, what Geographic markets beckon? +As most of you know, we can't evict tenants due to non-payment of rent. + +I have a tenant that owes me ~6k. Can I write it off as charity so I can get some sort of benefit out of the government forcing me to let them live here for free? + +Edit: More details: + +* I purchased the property with the nightmare tenants in February. +* Other tenants stopped paying for a while during covid, but worked with me to apply for assistance programs. +* Tenant stopped paying for water, electricity, and rent in September (which is when their lease expired). They have not paid a penny since then, have refused to file for covid assistance, and refuse access to the unit for pest control or for us to fix the broken water heaters on the unit. +* We filed for eviction in November. Got an appointment in December during which tenant told judge they couldn't pay and we're applying for assistance (which is a lie). +* We have filed for an appeal 3 times now. No date has been assigned yet. +* Tenant is on social security, which my lawyer says cannot be garnished after covid ends. +* This question is serious. I don't expect to be able to write it off as charity, but many people are acting like me providing an expensive service for free is the same thing as not collecting income due to vacancy, but its clearly not. If grocery stores were forced to give out groceries for free you can bet their tax accountants would find a way to write it off. +Alright guys. We had our first day of earnings season, and while the banks posted big earnings there's reason for pessimism moving into the 2nd half of the year. I'll be focusing on the corporate investment bank portion of the earnings in this post. This is my best attempt at foreshadowing what's to come based on how their investments performed and what we could expect from other banks based on JP Morgan Chase Corporate &amp;amp; Investment Banks earnings report. I am not perfect and this could be completely wrong, but I'm confident in my analysis and open to criticism. If this was posted earlier I apologize. Just got off work and had some time to sift through the earnings and thought this was important. + +EDIT: Link to my post on Goldman Sachs... [(59) Goldman Sachs &amp;amp; Why todays earning release was good for GME : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/ojuvh1/goldman_sachs_why_todays_earning_release_was_good/) + +Edit2: Link to post on Bank Of America: https://www.reddit.com/r/Superstonk/comments/okjs13/bank_of_america_why_todays_earning_release_was/ + +**TL;DR: JP Morgan Chase Investment Bank posted a net revenue slump of nearly $1 billion in whats been a bullish market. Real revenue slumps couldve been much larger if not offset by other factors. Moreover, They are compressing margins and thus warned hedge funds of margin calls/liquidations. They also pulled out of the Depository Trust Company (DTC) for their Municipal Bond Dealer, possibly due to a 44% net revenue decrease. In other words, the house of cards is crumbling and we've been watching it this entire time and we called it. Enter cheat-code: SHOW ME THE MONEY** + +JP Morgan Chase Investment Bank posted a net revenue decrease of 9% in Q2 2021 with net revenue of $13 Billion. Q1 saw a net revenue of $5.74 Billion and Q2 was $4.99 Billion. + +Corporate banking revenue was at $5.1 Billion (+1%) and Investment banking revenue was at $3.4 Billion (+1%). The only reason they turned a small gain in net revenue here is due to a 25% increase in fees. + +**In addition, JP Morgan received $1.5 billion in wholesale payment revenue (+5%) but offset by margin compression.** In other words, corporations or investors had to deposit more money due to JP requiring more to cover margin trading accounts to prevent margin calls and this offset their net revenue gains in wholesale deposits. **JP Morgan is tightening down on their leverage to reduce risk and required at least $1.5 BILLION IN MARGIN DEPOSITS! MEANING MARGIN CALLS WERE LIKELY ISSUED BUT MET!** + +Moreover, lending revenue was $229 million **(-15%)** due to lower net interest revenue. Meaning they realized a decline in revenue from interest bearing liabilities like commercial loans and securities. Could be because of closed/satisfied loans or defaults on loans. I'm not sure about you, but I've seen the unfortunate closing of many small businesses in my area and different states so I'm leaning towards this being the reason why they've made a net-loss here. + +Markets & Securities Services revenue was $8.1 Billion **DOWN 28%** so they are legit bleeding this money. That's 28% net revenue decline in just 1 QUARTER! The following is the breakdown: + +Markets Revenue was $6.8 Billion **DOWN 30%**! *What the f JP?* This breaks down into 2 buckets for JP: + +*Fixed Income Markets and Equity Markets:* Fixed Income Markets revenue was $4.1 Billion **DOWN 44%!** JPMORGAN CHASE BANK/CORPORATE MUNICIPAL DEALER recently was removed from the DTC and this is probably why! Equity Markets revenue was $2.7 Billion (+13%) and is their other investments in the stock market. Seems like they did okay here and offset some of their huge slumps in the Fixed Income market. Still a huge net-decline. + +*Securities Services Revenue:* was **$1.1 Billion (-1%)** and was mostly driven margin compressions, meaning margin deposit requirements. Again, margin calls were likely issued at some point this quarter! They also had a net revenue gain of $233 Million from Credit Adjustments &amp;amp; *Other* because of valuation adjustments this year. This is huge because this is driven by the funding spread on derivatives. + +F in the comments for JP Morgan. Looks like the end is near for at least one of our friends and their friends. + +*This is not financial advice and is just my opinion on what the earnings report means for JP Morgan. I'm just a retard who likes to gamble and loves GameStop stock.* + +Sources: + +1. [(43) JP MORGAN WARNS HEDGE FUNDS TO EXPECT MARGIN CALLS🚀🚀🚀🚀 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/ojdfqi/jp_morgan_warns_hedge_funds_to_expect_margin_calls/) +2. [JP Morgan warns hedge funds to expect intraday margin calls - Risk.net](https://www.risk.net/investing/7853221/jp-morgan-warns-hedge-funds-to-expect-intraday-margin-calls) +3. [To: (dtcc.com)](https://www.dtcc.com/-/media/Files/pdf/2021/7/13/15625-21.pdf) +4. [2Q21 Earnings Press Release (jpmorganchase.com)](https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/quarterly-earnings/2021/2nd-quarter/e5628b2a-f923-4c04-8008-58236a2f7999.pdf) +Do you have specific MFs for specific goals like child's education or buying a property etc? + +I have these for my respective goals - + +&#x200B; + +**Retirement (40K) SIP**- + +\- UTI N50 - 25K + +\- PPFAS - 10K + +\- PGIM Midcap - 5K + +\- Want to add US fund here but it doesn't have any room here, due to small SIP + +&#x200B; + +**Child's education** - + +\- UTI N50 - 8K + +\- Mirae ELSS - 7K + + +**how much corpus do you plan to build for your child's education and after how many years do you need it? Also what's your monthly SIP for that goal?** + +The dilemma is - while Nifty index fund is a must in both the folios, I had to distribute other 3 kinds of active funds - flexi / midcap / ELSS in the 2 folios. I couldn't get the Flexi one for my child because 15K a month is too less for 3 funds & I need to have an ELSS fund. + + + +How do you manage the funds overlap in your various folios? +[https://www.benzinga.com/markets/20/04/15827572/elliott-managements-gut-tells-them-global-stocks-might-lose-50-in-value-from-february-levels](https://www.benzinga.com/markets/20/04/15827572/elliott-managements-gut-tells-them-global-stocks-might-lose-50-in-value-from-february-levels) +The rep on the phone sounded frazzled during the call + +~The service agreement with rbc states it has to be done in 7 days. + +~Are you holding real shares for me? Or just a contract for difference? + +~Can I please have the name and direct number for the head of the fulfilment Center? +I’d like you to transfer me because I don’t think you are in compliance with the law stating you need to acquire and hold the securities that I paid for. + +Good luck apes + +I am now talking to another guy at direct investing. He’s now telling me my shares are now sitting waiting for computershare to grab them. 🤷🏼‍♂️. And tips to push this guys. It sounded like a deflection. + One of the greatest quotes from the legendary Peter Lynch’s book “One Up on Wall Street” is : ***“Selling your winners and holding your losers is like cutting the flowers and watering the weeds.”*** + +It is stupid right, but still most of the investors do it everyday. They sell the winning stocks in their portfolio and hold on to the losers in the hope that they will rise up one day. This common behavior can be explained by the theory of **‘Loss Aversion’.** + +In the "loss-aversion" theory, the general concept is that if two choices are put before an individual, both equal, with one presented in terms of potential gains & the other in terms of possible losses, the former option will be chosen. Loss aversion was first identified by Amos Tversky and Daniel Kahneman in 1979. + +Some studies have suggested that **losses are twice as powerful, psychologically, as gains**. This simply means that if you make losses in the stock market you will feel twice as bad as you would feel good about making profits in the market. + +**The fear of realizing a loss cripples an investor, prompting him or her to hold onto a losing investment long after it should have been sold.** One should always try to avoid this trap and cut the weeds from their portfolio before they become poisonous. +Her reasoning for this was that my mutual fund is watched by some dude at all times to make sure if a new company emerges it will be thrown into the mutual funds index. + +I am considering making the switch to ETF investing with WST as according to my research an ETF is passively managed vs actively with a much lower MER +I have just changed my home Insurance provider.The renewal quote was really high (£270 --> £680). I had not made any claims. So I went with a new provider. + +In the small print of the old provider they comment that they will auto renew, and for "my benefit" have saved my credit card on file. + +Now I have a thing about auto renewals. I never ever agree to them. I didnt agree to this... The only way to stop it is to phone them, it can't be done online. So I have to spend 30 minutes phoning to stop this "auto renewal". + +The insurance companies claim it is all for our benefit in case we forget...but we all know that is not true...it is a borderline scam....especially when they ramp up the premiums so much..This behaviour needs regulating. +I’m curious as to if anyone has achieved decent (I leave it to you to decide what decent is) market predictions using Deep Learning. No need to mention scores, but what about time frames? What form of data got you the best results (text, price, fundamentals)? I appreciate you may not wanna share IP, but I’m curious to hear from Academics, Researchers or ML engineers on any general and abstract hints! +What is a bust out? + +In a bust-out scheme, the identity and credit line of a business are used to obtain loans and goods with no intention of repayment. In some instances, businesses are created for this sole purpose; in others, legitimate businesses are acquired and used for the fraud. + +[https://www.computerworld.com/article/2535189/opinion--bust-out-schemes-are-a-fraud-designed-to-make-you-go-bust.html](https://www.computerworld.com/article/2535189/opinion--bust-out-schemes-are-a-fraud-designed-to-make-you-go-bust.html) + +https://preview.redd.it/aalj7l5rbg271.jpg?width=800&format=pjpg&auto=webp&s=89f2a430cede4aa749c399c5b5496c6f50a28650 + +In this post I will go over what I believe is a scheme set out by Amazon to capture and kill companies for market share. The scheme involves Amazon identifying a target, and with the help of it’s gang members, Citadel and Bain Capital, it Busts Out the target using it to capture and kill other competitors in the process. + +In this story I will be talking about Citadel, Amazon and Bain Capital, but you could easily substitute any MM for Citadel, any company for Amazon (MSFT, NFLX, etc) and any Private Equity Firm for Bain (Apollo). I am simply using these 3 because they were the parties I have looked at. I guess you could say if you go looking for shit in a sewer, you're gonna find it, and the Finance and business world seems to be a pretty big sewer. + +&#x200B; + +&#x200B; + +In the beginning Amazon acquired the competition Legitimately: + +&#x200B; + +https://preview.redd.it/jq97m01s9g271.jpg?width=500&format=pjpg&auto=webp&s=acd2a96e5b039e1353ed05b3916dd97a1e9c9541 + +Amazon has been known for capturing market share of just about every sector of the retail space, and now has its eyes set on movies, and maybe at one point even wanted to get into the gaming sector. + +Amazon started relatively small, and set its sights on an easy target: Books. + +But, Bezos wasn’t actually interested in just books, he wanted to create a company that was so big and so dependent on retailers that retailers were dependent on it. + +Well in the early 2000s, around the time amazon was becoming known for selling a little more than just books, it also sold toys for Toys R Us and had a few other things on the site, Amazon wanted to branch out further. + +There were other companies that were already successful in the ecommerce world, so instead of starting from the ground up, and taking down their competition, amazon simply acquired the competition. + +Some notable acquisitions include Quidsi, and Zappos. + +&#x200B; + +**Quidsi** + +https://preview.redd.it/pdk5mwqz9g271.png?width=200&format=png&auto=webp&s=7bdca8a49a466ef809bad61d5ebe8be336663548 + +Quidsi was an awesome adversary, they had domains and successful businesses such as Diapers.com, YOYO.com and Wag.com. The acquisition of this one company cost amazon $545Million in 2010, it wasn’t cheap, but it was easier, and likely cheaper than taking on their competition head on. + +Diapers.com was a growing and successful online retailer of all things babies related and even had the first army of warehouse robots, the same robots used by Amazon today (KIVA) + +YOYO.com was a toy ecommerce company, acquiring these guys helped Amazon capture part of the toy market, especially after Toys R Us nuked their deal with Amazon. + +&#x200B; + +https://preview.redd.it/ijhtn7o1ag271.jpg?width=311&format=pjpg&auto=webp&s=7511091c51c4de99cec7b7f3580cf33545c1921b + +WAG.com is a super interesting company here...WAG was/is a pet goods supplier. Do you know any online pet goods suppliers? Huh… + +&#x200B; + +**Zappos** + +https://preview.redd.it/jozjlzoaag271.png?width=200&format=png&auto=webp&s=70a4a67036edd0680ebc3e1f3b7b944585148521 + +In 2009 Amazon acquired Zappos for $1.2B, again not cheap. And to add further injury to insult, amazon couldn’t kill Zappos because the deal left the CEO of Zappos in place and allowed it to operate independently. Take a look for yourself: [https://www.zappos.com/](https://www.zappos.com/) + +[https://www.inc.com/magazine/20100601/why-i-sold-zappos.html](https://www.inc.com/magazine/20100601/why-i-sold-zappos.html) + +Well fuck, if that doesn’t piss off Bezos… + +Acquisitions are effective ways to capture businesses and get their market share. The advantage was multifold, you get a new business, a group of customers and you take out some of the competition. While this process can be quick, it can be VERY expensive. + +&#x200B; + +&#x200B; + +&#x200B; + +Ok, shifting gears a little, let’s take a look at another company; Bain Capital. + +&#x200B; + +https://preview.redd.it/kcf7v9lpag271.png?width=547&format=png&auto=webp&s=798e41ae07a762bb368acb4698c7fe436a531949 + +Bain capital was started and run by a little known figure, Mitt Romney. Heard of him? If you haven’t here is an excerpt from an article written by The Rolling Stone when Romney ran for President back in 2012 + +Mitt Romney: + +“And this is where we get to the hypocrisy at the heart of Mitt Romney. Everyone knows that he is fantastically rich, having scored great success, the legend goes, as a “turnaround specialist,” a shrewd financial operator who revived moribund companies as a high-priced consultant for a storied Wall Street private equity firm. But what most voters don’t know is the way Mitt Romney *actually* made his fortune: by borrowing vast sums of money that other people were forced to pay back. This is the plain, stark reality that has somehow eluded America’s top political journalists for two consecutive presidential campaigns: Mitt Romney is one of the greatest and most irresponsible debt creators of all time. In the past few decades, in fact, Romney has piled more debt onto more unsuspecting companies, written more gigantic checks that other people have to cover, than perhaps all but a handful of people on planet Earth.” + +“Instead of building new companies from the ground up, we took out massive bank loans and used them to acquire existing firms, liquidating every asset in sight and leaving the target companies holding the note” + +[https://www.rollingstone.com/politics/politics-news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-183291/](https://www.rollingstone.com/politics/politics-news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-183291/) + +Huh...Kinda sounds like a bust out...SHIT that *IS* a bust out! + +https://preview.redd.it/ht2l8s3wag271.jpg?width=700&format=pjpg&auto=webp&s=daaa7d501e5cdfaf3de6efa9462a0d2181e760fc + +Romney started off with good intentions, buying failing businesses and turning them around, notably Staples. + +&#x200B; + +https://preview.redd.it/7r610nbuag271.jpg?width=2220&format=pjpg&auto=webp&s=3fde846a3a1cb848868fd4ce556737f5202e2fb5 + +But Mitt liked to make money, and he soon discovered a new way to make it. A less honest, but faster and more lucrative way. Bain Capital would acquire failing businesses then bust them out. Infact, Bain would use the business itself as collateral for the loan to buy the business, ya, use the business’ own credit to buy the business. This process is known as a Leveraged Buy Out (LBO) + +Once Bain had control of the business, often they would install their own board members and executives, they would then distribute massive bonuses to executives that the failing business could not afford. Sometimes, Bain would use the business’ credit to purchase competitors, as they did with Toys R Us and FAO Schwarz, but we will get to that in a bit. + +Quick example: + +&#x200B; + +[Bain Had it out for toy companies for some reason](https://preview.redd.it/7b3w8co4bg271.jpg?width=416&format=pjpg&auto=webp&s=af91917f4dcbd9adc43834aae644d0916d76f2b5) + +Bain Capital acquired KB Toys in 2002 through a Leveraged Buy Out (LBO) under the guise of turning the company around, but this was just a front for their real intentions, you guessed it, a bust out. As soon as Bain had control of the company they issued massive bonuses to executives, bleeding the company of its cash. This would go on until the business declared bankruptcy, KB Toys filed for chapter 11 in 2004, 2 years after Bain came in to “Turn around” KB toys. + +“In February 2005, KB Toys' creditors, including [Hasbro](https://en.wikipedia.org/wiki/Hasbro) and [Lego](https://en.wikipedia.org/wiki/Lego), accused the company's top executives and majority shareholders of improperly providing themselves with multimillion-dollar payments prior to the bankruptcy.” [https://en.wikipedia.org/wiki/KB\_Toys](https://en.wikipedia.org/wiki/KB_Toys) + +Bain Lost control of KB toys during bankruptcy proceedings in august 2005, but the damage was done, and Bain walked away with some money, and some lessons learned. + +&#x200B; + +**Putting Geoffrey out on the street:** + +&#x200B; + +https://preview.redd.it/wlg7ppr6bg271.jpg?width=618&format=pjpg&auto=webp&s=d48b3dd80b59c6b5c94a876f502bb2557c4e46d3 + +Very soon after the lessons learned from KB Toys, Bain went after Toys R Us with KKR and Vornado capital in 2005 by means of LBO...this time with a sharper knowledge of how to bust out the company, and maybe help out newly acquired friends. + +When Bain et al. took over TRU they had a debt load of $1.86B, but for a company of TRU size, that was not unusual. Immediately after the Bain et al. acquisition that debt ballooned to $5B requiring 97% of TRU profits to service the interest on that debt. (Bloomberg) + +Debt made the company, with $11.2B in sales, less nimble and able to navigate the business and finance world. + +[https://www.theatlantic.com/magazine/archive/2018/07/toys-r-us-bankruptcy-private-equity/561758/](https://www.theatlantic.com/magazine/archive/2018/07/toys-r-us-bankruptcy-private-equity/561758/) + +&#x200B; + +https://i.redd.it/1mp68zc8bg271.gif + +While Bain Capital controlled Toys R Us, TRU acquired FAO Schwarz in 2006. TRU also bought Amazon’s main competition in the toys ecommerce sector etoys.com and [toys.com](https://toys.com), along with a few other websites babyuniverse.com and the resource site ePregnancy.com in 2009. [https://en.wikipedia.org/wiki/Toys\_%22R%22\_Us](https://en.wikipedia.org/wiki/Toys_%22R%22_Us) + +When TRU was fully busted out and tapped out for cash and usefulness it was liquidated and its parts sold off. It was the end of the massive toy retailer in the US and UK, and the demise of all major toy specific retailers both in brick and mortar and online. + +&#x200B; + +[These companies couldn't care less about the Communities and the people they hurt when these schemes are implemented](https://preview.redd.it/7lpymp3heg271.jpg?width=1200&format=pjpg&auto=webp&s=3e3842e23d94fab479dc24fa5f52e41ae92360f5) + +So who benefits the most from this? Retailers such as WalMart, Target, and of course, Amazon. + +&#x200B; + +**Papa's got a brand new Bag!** + +https://preview.redd.it/md1d65bebg271.jpg?width=960&format=pjpg&auto=webp&s=d947ce410557cdf5b96b2626690c4c31f77f640d + +This is where I believe amazon discovered a new, cheaper and far more effective way to kill its competition. Upto this point, Amazon had been buying up and swallowing their competition. This was effective, but VERY expensive. + +What if, and hear me out, what if Amazon could use a company like Bain capital to do a take over of the company that had a massive market share that Amazon would like to capture, then have Bain capital busts out that company, using said company to buy up any and all competitors both online and traditional retail then declare the company bankrupt taking down all the competition with it? + +But there is a problem...how do you get Bain Capital to take over a publicly traded company? Hostile takeover? Sure, but that would be EXPENSIVE. Buying all the stock ATM would not only be costly but may also backfire when shareholders refuse to sell. + +Well, what if you could lower the share price in some way that it made it possible to take over the company. How could this be done? + +As we all know, short selling on it’s own can’t really affect the price of a share, but it benefits when the share price declines. Well, what if you’re not truly interested in shorting a company to make money off share price decline. There must be a way to lower a companies share price by increasing the supply of shares on the market...Share dilution? + +&#x200B; + +https://preview.redd.it/n5c9ch2gbg271.jpg?width=1024&format=pjpg&auto=webp&s=ddc26fa3774bf8de03eb6c2bcbb70fbb05081470 + +Amazon, and Bain capital are not capable of diluting shares of any company they do not control, so how could they do this to the competition? They need a partner, someone who has access to a share printing machine...but who do we know who has access to one of those? + +**Enter Citadel** + +&#x200B; + +https://preview.redd.it/6jt6ds4ibg271.png?width=346&format=png&auto=webp&s=cb7b14b97cda41d5b8e1dc1ac3ed0dd4b5c85066 + +Citadel can create and sell fake shares, driving the share price of a targeted company to the point of either being delisted, or bankrupt, or both. When this happens, Citadel keeps all the money it makes from the short sale, never having to cover their shorts. I think by now you all understand how this works, so I'll leave it there. + +&#x200B; + +&#x200B; + +**The Gang Members:** + +&#x200B; + +https://preview.redd.it/b7par6rjbg271.png?width=225&format=png&auto=webp&s=4853b33dbc93c7906564a6c142dcc66534581559 + +Amazon (The Leader) + +Citadel (The Dealer) + +Bain Capital (The Butcher) + +Washington Post and Motley Fool (The Liars) + +&#x200B; + +&#x200B; + +**But now they need a plan:** + +&#x200B; + +https://preview.redd.it/chvl1mklbg271.jpg?width=960&format=pjpg&auto=webp&s=7d8ef0778483e0e8cd8b6d38e3224b17988ea45b + +The Plan + +1. Identify a target **(The Leader)** +2. Install or acquire **inside man** on the board of the company, maybe CEO/CFO +3. Spread rumors about the target though the media **(The Liars)** +4. Create a class action lawsuit against the company +5. Fire up the printers and flood the market with fake shares of the company driving share price through the floor. **(The Dealer)** +6. Company either declares bankruptcy or is delisted from exchange +7. Perform a leveraged buyout of the company, busts it out, acquires other competition to capture and kill, then when the company is so saddled with debt it can no longer stand, kill the company and let the wolves feed off the carcass. **(The Butcher)** + +Job done, Amazon kills its competition, Bain capital makes a pile while busting out the company, and Citadel keeps all the money it made selling fake shares. + +It’s a perfect, foolproof plan, until it’s not. + +Enter GameStop and the Apes. RUH ROH...You know the rest of the story up to this point. + +&#x200B; + +https://preview.redd.it/oahkl4fnbg271.jpg?width=1600&format=pjpg&auto=webp&s=524df48f5ae920eb9d8a4e7a680eff8e6078a89c + +Seems to me the only band member who is going to come out of this unscathed is Bain Capital, they get to slip through the back door leaving the rest of the band holding the bags. + +So what’s my conclusion? I think Citadel is just part of the machine. I believe MASSIVE companies like Amazon, Microsoft, Netflix and others have been using this scheme since the financial crisis of 2008 to capture and kill their competition. I believe there are many moving parts in the plans, and Citadel/Kenny is just a footsoldier, **not** the mastermind. + +There may be a bigger Bowser at the end of this world than we expected, kenny may just be a Hammer Bro. + +&#x200B; + +https://preview.redd.it/9bbmkaqobg271.jpg?width=650&format=pjpg&auto=webp&s=d396c183b6d4cd1685e074cdfb195a36cff7c0cb + +As a side note, there was talk earlier this week about AA and his connection to SHF. I think this guy got stuck between 2 worlds. He may have been installed by the gang in an attempt to bust out the company (fits well with MGM purchase). But Apes got involved and now he’s stuck between getting caught as an inside man for the SHF and actually having to be a good CEO. I believe he may be in self preservation mode, and has decided to jump to the winning team’s side. + +&#x200B; + +**Edit:** I'm just going to leave this here: [https://www.thestreet.com/investing/amc-gets-lift-on-revived-amazon-acquisition-rumor](https://www.thestreet.com/investing/amc-gets-lift-on-revived-amazon-acquisition-rumor) + +Oh, and there is a complimentary story by The Fool saying there is no merger... + +This was an accidental find + +**Edit 2:** + +Bain capital explained by Tony Soprano + +[https://youtu.be/reiq4lEvnEw](https://youtu.be/reiq4lEvnEw) + +This explains what Bain does VERY well + +Thank you to u/[AceoFiSpades](https://www.reddit.com/user/AceoFiSpades/) +Maybe you have already known the Turkish economy goes down. Turkish liras decrease very quickly. And this point i am living in Turkey. So i ask you what should i do? +For make money or protect my moneys value. If you were me what will you do ? +Is it me or VWCE past weeks performance seems a bit too good? + +5% in a month and 18% in 6 months for a mega diversified world ETF are starting to worry me. I know about not timing the market etc etc but at these levels I don't even feel confident in adding to my position even with my saving plan by dca. I didn't see a single stop between 88 and 95. + +I think this performance is also extended to other all world ETF but I'm not checking other ones regularly. Obviously this is all speculation and just a few personal/conversational thoughts but lately I'm looking at it almost as a benchmark of how overvalued seems to be the market. + +I don't remember a red day either. Do you? +This talk about 'cycles' being more important than anything has got me slappin' my knee. + +Anyone remember the video of a guy [pacing for over 2 hours on his cell phone](https://www.reddit.com/r/Superstonk/comments/nyr881/friday_june_10th_documentation_im_behind_on_my/?utm_medium=android_app&utm_source=share) inside the citadel building in the middle of the night on a weekend a couple months ago? + +How about when they changed their google hours around the same time so the amount of employees working couldn't be tracked? + +I'm guessing you haven't missed Kendoff's plane flying between Africa, Europe, and the US for the past few weeks? + +That [lovely letter](https://www.reddit.com/r/Superstonk/comments/p200ir/foia_request_reveals_citadel_securities_is_under/) in response to an ape's FOIA request on Citadel from the SEC also comes to mind - particularly because it [included language which basically confirmed the SEC was working with law enforcement.](https://www.reddit.com/r/Superstonk/comments/p27b7d/april_foia_into_citadel_securities_and_citadel/) + +Let's transport ourselves for a minute and imagine: + +*If the SEC & its law enforcement partner discovered Citadel had been participating in illegal activity, what would be the fairest way to handle the situation?* + +*How could action be taken that:* + +*1. Gives a chance to get out of a short position a person or firm was manipulated into taking by Kenny Grifterson / Jeffrey Bozos' media empire* + +*2. Perpetuates the illusion that the US market is still 'fair and free'* + +*3. Doesn't give immediate confirmation to the whole world that GME investors were right about the fraud* + +*4. Makes GME investors sell the hundreds and hundreds of millions of god damn GME shares they've been piling up for* ***8 fucking months*** + +***Answer:*** *Following through on creation of a hidden 'expert market' where billions of naked shorts Citadel has been piling up for decades can be bought back (non-GME shares) out of public view and over time as to not destabilize the lit markets will finally end - in the words of Gensler - 'the Gamestop saga'. He referred to it as 'the Gamestop saga' because Gamestop was the idiosyncratic risk that emerged in the basket of algorithmically shorted retail securities present at Citadel.* + +*The best way to hide that it was triggered by Gamestop is to buy those shares back last.* + +Lets not forget my **personal favorite** bit of confirmation bias, from The Man Himself: + +[ https:\/\/twitter.com\/ryancohen\/status\/1425606429574979584?s=20 ](https://preview.redd.it/c3mq82s3v4m71.png?width=945&format=png&auto=webp&s=3c754ea7231affb5ae2740b6b52d15902f65051a) + +***DiOs MiO hAn MaTaDo Ha KeNnY! bAsTaRdOs!*** + +***Oh my god they killed Kenny! Bastards!*** + +You feel free to dip as far as you want, GME. You can bet your ass I'm not giving up this guaranteed payday! + +**EDIT:** + +Made some corrections to OP I fucked up on and wanted to add a note: + +If this is the case, deadlines and dates are out of the window for the most part. Reg Sho allows the SEC to make changes to deadlines and policies at their discretion for the market's sake. + +That means they could wait for the most **unexpected moment, or expected moment** to buy back shares. I have a feeling **old price patterns are about to change**. +&#x200B; + +[Banner Submission by u\/DanRamson](https://preview.redd.it/c60q3ck591x61.png?width=10130&format=png&auto=webp&s=0b40e4c466ca5422b6f7e7a292f86363df3a323a) + +# Good Morning Superstonk!!! + +*Welcome to GME shareholding. Where the company eliminates all long term debt and expands fulfilment centers and the price doesn't matter (or move).* + +[**Don't forget you submit your question for Dave Lauer for tomorrow's AMA at 3pm Eastern!**](https://www.reddit.com/r/Superstonk/comments/n3o6ng/official_ama_dave_lauer_may_5_2021_300_pm_edt/?utm_source=share&utm_medium=web2x&context=3) + +🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌 + +# Top Story- Gamestop Announcements 05-03-2021 + +[Dying brick and mortar mall retailer](https://www.washingtonpost.com/business/2021/02/01/gamestop-retail-stores/) **Gamestop** [**announces voluntary early redemption of senior notes**](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-completes-voluntary-early-redemption-senior-notes)**, eliminating all long term debt (2 years early!) and thus settling all concerns over bankruptcy- and also opening the doors to possibilities like mergers and acquisitions.** + +# DID YOU HEAR THAT MAIN STREAM MEDIA?! GAMESTOP AIN'T GOING NOWHERE 💎💎💎 + +&#x200B; + +**Oh and as if that wasn't BULLISH ENOUGH...** [**they also announced they were expanding their fulfilment center with 700,000 square feet of space!**](https://news.gamestop.com/news-releases/news-release-details/gamestop-expands-fulfillment-network-new-facility-york)**!!** + +&#x200B; + +# 🚨This just in- Gamestop needs more room for cool shit🚨 + +&#x200B; + +**Bullish AF!!! 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀** + +[The future is now, old man](https://preview.redd.it/3e6qg2rua1x61.jpg?width=700&format=pjpg&auto=webp&s=76aa20c65130c5d38d1e0b785a3b1a051fa26b57) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Proxy Voting + +Oook so lots of us are confused on how to vote, when to vote, and what to vote for. So let's remember what u/Bye_Triangle said: + +**CONTACT YOUR BROKER, THEY ARE THE ONLY ONES WHO WILL BE ABLE TO ASSIST YOU BASED ON YOUR EXACT CIRCUMSTANCES!!!!** + +It is extremely important that you aren't just taking advice on this from the subreddit, every broker has slightly different ways of doing things, and in this subreddit there are people from all over the world, using brokers with all sorts of different rules under all sorts of different legal systems. So I reiterate: + +**CONTACT YOUR BROKER** + +So, with that out of the way, we thought it may be important to touch on the process of voting again, this vote is incredibly important and could determine the future of GameStop as a company... Squeeze or no, it should be regarded as a priority for you to take the time to make your voice heard. You have invested time and money into this company and it would be a waste to not vote if you can. + +**Steps to Voting:** + +1. HAVE YOUR CONTROL NUMBER + +Obtained from your broker, not to be shared with anyone. This number should be confidential. + +2. INPUT THAT CONTROL NUMBER THROUGH OFFICIAL CHANNELS ONLY (THROUGH THE GAMESTOP CORPORATE SITE OR LINKS FROM YOUR BROKER). + +Do not input your control number unless you are 100% sure that the site is legit. + +3. UNDERSTAND WHO AND WHAT YOU ARE VOTING FOR. + +Take a moment to see what the board recommends you vote for if you are unsure. This community can not tell you how to vote, only you can decide that. + +4. SUBMIT YOUR BALLOT. + +5. SHARE WITH EVERYONE HOW PROUD YOU ARE TO HAVE VOTED. + +Gamestop's Board of Directors is urging everyone to vote as soon as possible. Many speculate that there may be some short-seller-related fuckery with the votes given how badly they are likely hurting right now. With the untold number of borrowed shares and phantom shares flying around it certainly seems possible we may see a substantial number of over-votes (votes that exceed the total number of existing shares). It is unclear exactly how this will be handled if it does come to fruition, so it is best you vote the moment you are able. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +🐈 **BUT PINK, WHAT IF I HAVEN'T GOTTEN MY CONTROL NUMBER YET?! 🦧** + +**Well, did you...** + +&#x200B; + +* Check your broker inbox for proxy info✔ +* Check your email✔ +* Send a message via your broker help/chat interface✔ +* Call your broker and request your control number✔ +* Look around the comments and other posts to see if any resources have been shared that might help you in your search✔ +* Check your broker's website for an FAQ- Many have a landing page with GME specific proxy info✔ + +Keep in mind some brokers just haven't issued them yet. And some are anticipating up to 2 weeks longer wait before you can vote. Geez, it seems almost like they're having trouble finding the shares to vote or something. 🤔 + +I can confirm that Robinhood and TDA are issuing control numbers that come up invalid when you enter them in the official Gamestop proxy website. I don't know what that means. I am still investigating why brokers seems to have their own landing page for proxy voting. Idk am not computer nerd, am just pink cat 🤷‍♀️ + +[**Edit: More info from Euroapes trying to vote!!**](https://www.reddit.com/r/Superstonk/comments/mwpqdf/europoors_what_needs_to_be_done_to_be_able_to/?utm_source=share&utm_medium=web2x&context=3) + +[**And a report from Degiro**](https://www.reddit.com/r/DEGIRO/comments/n4kn6t/degiro_refuses_to_give_out_control_numbers_to/?utm_source=share&utm_medium=web2x&context=3) + +As with everything, the first step towards creating real change is to exercise your right to vote 💪 + +[I voted!](https://preview.redd.it/xowmj5skc1x61.jpg?width=960&format=pjpg&auto=webp&s=46c485c050a3f81fd2ee212844d51c68abad7766) + +# 📣📣Speaking of the importance of Proxy voting...📣📣 + +**Do you apes wish you knew why we keep talking about voting?!** + +**Do you wish you could ask someone what proxy voting is?!** + +**DO YOU WISH SOMEONE WOULD JUST COME AND EXPLAIN WHAT THE HELL ALL THIS MEANS?!** >!Yes please dear God!< + +You really loved having Queen Kong, Dr. T on our Superstonk Live YouTube. Now it's time for you to meet [~~your Swedish Grandpa~~](https://www.reddit.com/r/PewdiepieSubmissions/comments/kkc6k5/my_swedish_grandpa_tried_lingonberry_g_fuel_for/?utm_source=share&utm_medium=web2x&context=3), Mr. [Carl Hagberg.](https://optimizeronline.com/about/) + +*"Mr. Hagberg is considered to be one of the nation’s leading experts on individual stock ownership programs. He has helped over 100 companies (including companies and government agencies in several Eastern European and Central Asian countries) to launch, improve or remarket programs aimed at customers, employees, existing stockholders and other affinity groups.* ***He is also considered to be a leading expert on the proxy voting process and has served as Independent Inspector of Election, both in contested and uncontested situations, at over 300 annual and special meetings of shareholders."*** + +Just like Dr. T and many of the others I first learned about, I first saw Carl while watching the MANDATORY DOCUMENTARY FOR ALL APES, [The Wall Street Conspiracy](https://youtu.be/Kpyhnmd-ZbU). This documentary first made its rounds in the subs in early February during the bleeding red days, and it really helped me gain some perspective. **I'm serious I will give you a 💩 flair if you don't watch this documentary. Watch it and learn of the apes that came before us.** + +&#x200B; + +[**Upon Dr. T's recommendation, everyone needs to read this comment from Mr. Hagberg to the SEC regarding overvoting!🚨**](https://www.sec.gov/comments/4-725/4725-4611649-176367.pdf) + +We are honored and thrilled to have Mr. Hagberg in time to discuss these issues before the annual meeting on 6/9 ( ͡° ͜ʖ ͡°) + +&#x200B; + +[Carl Hagberg, Proxy Expert and Secret Reddit Swedish Grandpa](https://preview.redd.it/hh8f86s2f1x61.png?width=226&format=png&auto=webp&s=00ca119988538d9ede6a552279e97312d7c41b30) + +**Mr. Hagberg will be hosted by our very own ape** u/Atobitt **on our Superstonk Live YouTube Wednesday, May 12, 2021 at 4pm EST! Details coming soon!** + +# [And don't forget tomorrow's AMA with Dave Lauer at 3pm Eastern!](https://youtu.be/AYct0XX0uTU) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# [Yo I heard y'all like buildings with lights on](https://www.reddit.com/r/Superstonk/comments/n4awk0/jp_morgan_london_are_working_late_on_a_bank/?utm_source=share&utm_medium=web2x&context=3) + +[JP Morgan London yesterday, all lit up on a bank holiday. Picture by u\/killer3james on their Nokia 3100](https://preview.redd.it/ihlfap3kg1x61.png?width=1080&format=png&auto=webp&s=86ff91cb1fe39f7035c4eb18fbe83d8d659adec6) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Dont Forget This Thursday: The US House Committee on Financial Services Hearing Date set for Thursday May 6, 2021 at 12:00 Eastern + +## Title: Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide, Part III + +**The Financial Services committee announced they will be holding** [**Part 3 of their Gamestop hearings**](https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=407748) **this Thursday.** + +&#x200B; + +[That witness list 👀](https://preview.redd.it/t1w38gxrk1x61.png?width=640&format=png&auto=webp&s=97328e09b8cc2bb5cee47582b210783c70a2a7b4) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# They're watching 👀 + +I want everyone to feel safe and welcome in this sub. There is a lot of negativity out there and we mods try our best to shield this community from the unnatural amount of hate we receive as a whole. So while you may see the 250,000 members we have and think that's our entire community think again. + +&#x200B; + +There are a lot more people watching us than you think.👀 Don't believe me? Take a look at these stats for the sub: + +* 651,000 unique views in the last 24 hours +* 2.7 Million unique views in the last 7 days +* 48 Million page views in the last 7 days +* 2-3,000 new members every day +* Superstonk Daily on the front page of Reddit 3 times last week, including a #2 spot on r/All + +Do you see those numbers? Those are **NOT** rookie numbers! And they are growing! Almost 3 million unique devices came and checked us out last week. Now do you believe me that there are *lots* of gorrillas in the mist? + +**༼ ºل͟º ༼ ºل͟º ༼ ºل͟º ༽ ºل͟º ༽ ºل͟º ༽** + +All of that to say, we are growing! And we always have room for more to learn and grow with us. Just remember that not everyone watching has good intentions and we needs to stay sharp. Remember the jungle is *full* of predators. Ignore the FUD and trust your gut (and the DD and fundamentals). Remember nothing here is advice. Except for this: + +Don't gamble more than you can afford to lose. Make sure GME isn't your life plan. Eat as healthy as you can afford. Drink lots of water. Get a little sunshine every day. Hug your family, your pets, or your GME extra tight every day. And make love, not war. ✌💖🦄🐈 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +https://preview.redd.it/ecxx2abek1x61.png?width=554&format=png&auto=webp&s=cdad6d47fddebfd6ed663d4d324d626456603021 + +**Be excellent to each other!!!** + +Be friendly, help others! + +We are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes.** + +**This helps us weed out the shills really fast, because if everyone is helpful, the ones who aren't stand out.** + +Remember the fundamentals of this company. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can. + +&#x200B; + +[I've got game save files older than your kids. I can wait 💎🙌](https://preview.redd.it/ksrwupgjk1x61.jpg?width=792&format=pjpg&auto=webp&s=432a4f22a2871ed36dc3064dd1bef9c74f2a3e31) + +# May the 4th be with you 🚀🚀🚀🚀🚀 + +# Thanks for your patience with flairs. Drop a comment and I'll get to what I can!!! 💖💖💖💖💖 + +**Links to socials:** + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) +I remember one of my engineering teachers in high school, who did his masters degree in economics after being a mechanical engineer for many years, told me how surprised he was when he started his economics degree and noticed a lot of similarities between classical mechanics and macroeconomics, in particular concepts like elasticity of demand. + +I am by no means well versed in economics, but since I am a physicist by trade it got me really curious. Unfortunately I havent found much literature that talks about the parallels between the two fields, so I was wondering if anyone here was familiar with it. +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!!! +Though I am yet to hit my fatFIRE goals, I am well on the way and have been very fortunate to get to a significantly better financial position than most people my age - I am in my mid-20s for some context. +For various unrelated reasons which I won't go into here, I have ended up with very few friends and have never been in a relationship. It's something I never really prioritized but I'd like to change both things now. + +However, I feel like my financial position and work add an element of complexity to the picture. On multiple occasions, I have felt people being interested in me because of my money, not because of who I am. It's not always easy to tell though I am sure. + +I'd prefer to not have to limit my social circles to other well-off people only. +With this in mind, how do you know for sure that someone who wants to be with you genuinely likes you for who you are and not for your wallet/power/resources? Is there anything I should watch out for? +Any thoughts on this would be really appreciated. + +Edit: I should add that unfortunately in my country anyone’s tax return is available online by just looking up their name. My salary also shows up by Googling my name in my company’s public records. So hiding it is not really an option. More so I’d like to find out the tell tale signs of someone faking their interest in you because you have something they want. +I bought a house in may of last year and it basically wiped all my savings. Now with bills being super high, I don’t have enough money *yet* in my bank account to pay my next bill that is due. If I took like $1500 from my 401k that would give me a nice cushion and I would have to worry about running out of money. + +EDIT: thank you all for the responses, I found an alternative way to get by and learned my lesson. I’m going to re-evaluate my budget and make the necessary changes going forward. And as Mike Tomlin says, such is life, the standard is the standard, and don’t blink. +I see a lot of people in the daily thread who got a little blindsided today. I myself have been spinning my wheels the past couple weeks due to a couple unlucky plays (SPY $306/307 CCS that I opened at overbought), and lack of risk management. + +On top of that, those of you who still frequent wsb may have been feeling extra FOMO after seeing the gains from those who bought cruise/airline/non-covid-stock calls. + +*So I figured it's time we remind ourselves why we're here.* + +Unlike a wsb-er, we will not see wild 1000% gains. But at the same time, if you're doing this right, **you will not see -100% account losses.** It's very likely that the same people posting gains today could be posting losses next week. + +And if you're spreading out your risk properly, on top of making calculated plays, your gains will outpace your losses in the good times, as well as offset/minimize your losses in the bad times. + +**If you have CC's** that are now likely expiring ITM and you're mad that you missed out on profit, don't be. Instead be glad that you made a profit. And if you opened a play *above your cost basis*, which is key, then you definitely made a profit. Congrats! There's always money to be made, so don't sweat missed profit (even if you missed $1000 on DAL and $500 on DKNG like me.) + +**If you have CCS's** that are now either ITM, or in danger of being breached, you got some options. You could try to roll the spread out for a profit, or you could open up an opposing PCS (thus making a tall iron condor) to recoup potential losses. Eating the loss is not recommended, but hey, we've all panic sold a losing spread before. + +\- Also, hopefully you're keeping your risk at **5% of your account or lower** per play, keeping close to delta neutral, and this is something that doesn't get enough mention: **diversifying plays across sectors/industry's/psychological-stock-groupings.** + +\- If you opened a bunch of CCS's on airline companies, well you likely got clapped this week. And if you're considering opening spreads on companies like PTON, ZM, and NFLX, well you should think about how they move in relation to each other. Hint: they're all COVID stocks, meaning they may move similarly. + +**If you have PCS's** most likely you made a profit today, congrats. Not much else to say, but read below about *unconsciously* rolling winning trades for more premium, it's applicable here too. + +**If you have CSP's** well you also probably made money. BUT, don't just keep rolling up your strike's/expirations. It's important to **think** about whether you even want that company at that new price. Maybe you like UAL at $26, but not at $36. Well that's okay, move on. Especially because (despite the past 2 weeks) stocks tend to revert to their mean. Meaning eventually UAL *may* come back to earth, or at least back off a little. And if you rolled your CSP up today to collect more premium, hoping UAL levels off or rises more, well there's also the possibility of being caught by the pullback **at a price you don't even like.** + +In conclusion, if you've been playing theta-gang right, **you will live to fight another day.** This is a long-term game, especially if you're younger, like myself. I constantly need to remind myself of that. Will I likely remember/be affected by a 1 month stretch where I spun my wheels in 10 years time? **No.** So chill out a little, ride the waves, and keep collecting that sweet sweet premium. +I see a lot of people in the daily thread who got a little blindsided today. I myself have been spinning my wheels the past couple weeks due to a couple unlucky plays (SPY $306/307 CCS that I opened at overbought), and lack of risk management. + +On top of that, those of you who still frequent wsb may have been feeling extra FOMO after seeing the gains from those who bought cruise/airline/non-covid-stock calls. + +*So I figured it's time we remind ourselves why we're here.* + +Unlike a wsb-er, we will not see wild 1000% gains. But at the same time, if you're doing this right, **you will not see -100% account losses.** It's very likely that the same people posting gains today could be posting losses next week. + +And if you're spreading out your risk properly, on top of making calculated plays, your gains will outpace your losses in the good times, as well as offset/minimize your losses in the bad times. + +**If you have CC's** that are now likely expiring ITM and you're mad that you missed out on profit, don't be. Instead be glad that you made a profit. And if you opened a play *above your cost basis*, which is key, then you definitely made a profit. Congrats! There's always money to be made, so don't sweat missed profit (even if you missed $1000 on DAL and $500 on DKNG like me.) + +**If you have CCS's** that are now either ITM, or in danger of being breached, you got some options. You could try to roll the spread out for a profit, or you could open up an opposing PCS (thus making a tall iron condor) to recoup potential losses. Eating the loss is not recommended, but hey, we've all panic sold a losing spread before. + +\- Also, hopefully you're keeping your risk at **5% of your account or lower** per play, keeping close to delta neutral, and this is something that doesn't get enough mention: **diversifying plays across sectors/industry's/psychological-stock-groupings.** + +\- If you opened a bunch of CCS's on airline companies, well you likely got clapped this week. And if you're considering opening spreads on companies like PTON, ZM, and NFLX, well you should think about how they move in relation to each other. Hint: they're all COVID stocks, meaning they may move similarly. + +**If you have PCS's** most likely you made a profit today, congrats. Not much else to say, but read below about *unconsciously* rolling winning trades for more premium, it's applicable here too. + +**If you have CSP's** well you also probably made money. BUT, don't just keep rolling up your strike's/expirations. It's important to **think** about whether you even want that company at that new price. Maybe you like UAL at $26, but not at $36. Well that's okay, move on. Especially because (despite the past 2 weeks) stocks tend to revert to their mean. Meaning eventually UAL *may* come back to earth, or at least back off a little. And if you rolled your CSP up today to collect more premium, hoping UAL levels off or rises more, well there's also the possibility of being caught by the pullback **at a price you don't even like.** + +In conclusion, if you've been playing theta-gang right, **you will live to fight another day.** This is a long-term game, especially if you're younger, like myself. I constantly need to remind myself of that. Will I likely remember/be affected by a 1 month stretch where I spun my wheels in 10 years time? **No.** So chill out a little, ride the waves, and keep collecting that sweet sweet premium. +What's up everyone. Here's an updated list of 'popular' stocks with high IV tickers and share price under $50 (for smaller accounts). + +Good luck to all! + +Ticker | Market Cap | Stock Price | IV (%) | Next Earnings Date +:--|:--:|:--:|:--:|:--: +MARA - Marathon Patent Group Inc|1.46B|$22.96|220%|N/A +RIOT - Riot Blockchain Inc|1.61B|$23.88|203%|N/A +GME - Gamestop Corporation - Class A|2.19B|$32.05|182%|N/A +DGLY - Digital Ally Inc.|79.2M|$2.93|177%|N/A +AMC - AMC Entertainment Holdings Inc - Class A|358M|$2.21|177%|N/A +RIG - Transocean Ltd|2B|$3.27|163%|N/A +FUBO - fuboTV Inc|2.42B|$35.62|160%|N/A +CODX - Co-Diagnostics Inc|286M|$10.13|148%|N/A +LAZR - Luminar Technologies Inc - Class A|7.3B|$33.21|148%|N/A +TLRY - Tilray Inc - Class 2|2.01B|$15.02|143%|N/A +SBE - Switchback Energy Acquisition Corp - Class A|1.39B|$44.28|139%|N/A +ACB - Aurora Cannabis Inc|1.55B|$10.95|137%|N/A +SRNE - Sorrento Therapeutics Inc|1.91B|$7.27|130%|N/A +JMIA - Jumia Technologies Ag - ADR|0|$43.81|129%|N/A +NKLA - Nikola Corporation|7.7B|$19.99|127%|N/A +APXT - Apex Technology Acquisition Corp - Class A|600M|$16.75|124%|N/A +HYLN - Hyliion Holdings Corporation - Class A|2.66B|$17.30|115%|N/A +HUYA - HUYA Inc - ADR|376M|$21.82|112%|N/A +WKHS - Workhorse Group Inc|2.96B|$24.59|111%|N/A +CRSR - Corsair Gaming Inc|3.87B|$42.02|107%|N/A +SPCE - Virgin Galactic Holdings Inc - Class A|6.46B|$27.57|104%|N/A +APHA - Aphria Inc|2.99B|$10.03|102%|N/A +CRON - Cronos Group Inc|3.8B|$10.64|101%|N/A +PLTR - Palantir Technologies Inc - Class A|37.5B|$25.45|99%|N/A +RKT - Rocket Companies Inc Class A|2.3B|$19.87|96%|N/A +COTY - Coty Inc - Class A|5.48B|$7.19|96%|N/A +CGC - Canopy Growth Corporation|12B|$32.27|93%|N/A +GRWG - GrowGeneration Corp|1.77B|$47.89|85%|N/A +PSTH - Pershing Square Tontine Holdings Ltd - Class A|5.81B|$28.98|83%|N/A +GLUU - Glu Mobile Inc|1.57B|$9.13|82%|N/A +X - United States Steel Corp.|4.98B|$22.45|82%|N/A +LL - Lumber Liquidators Holdings Inc|890M|$30.95|79%|N/A +OXY - Occidental Petroleum Corp.|20.8B|$22.36|78%|N/A +CNK - Cinemark Holdings Inc|2.09B|$17.50|77%|N/A +HOME - At Home Group Inc|1.4B|$21.71|76%|N/A +UPWK - Upwork Inc|5.04B|$41.35|73%|N/A +FEYE - FireEye Inc|5.2B|$22.84|73%|N/A +SAVE - Spirit Airlines Inc|2.46B|$25.11|72%|N/A +NCLH - Norwegian Cruise Line Holdings Ltd|5.29B|$24.61|70%|N/A +ICLN - BlackRock Institutional Trust Company N.A. - BTC iShares Global Clean |6.17B|$32.71|70%|N/A +IQ - iQIYI Inc - ADR|14.1B|$19.28|69%|N/A +CCL - Carnival Corp. (Paired Stock)|22.2B|$20.16|69%|N/A +TWTR - Twitter Inc|37.6B|$47.26|69%|N/A +PRPL - Purple Innovation Inc - Class A|2.1B|$34.51|69%|N/A +BBBY - Bed, Bath & Beyond Inc.|2.79B|$23.04|68%|N/A +M - Macy`s Inc|4.1B|$13.21|67%|N/A +CLDR - Cloudera Inc|4.38B|$14.14|66%|N/A +ZNGA - Zynga Inc - Class A|10.6B|$9.81|65%|N/A +AAL - American Airlines Group Inc|9.4B|$15.48|64%|N/A +LYFT - Lyft Inc Cls A|15.4B|$49.78|63%|N/A +UAL - United Airlines Holdings Inc|13B|$44.47|62%|N/A +UAA - Under Armour Inc - Class A|7.75B|$18.38|57%|N/A +WMB - Williams Cos Inc|27B|$22.25|56%|N/A +TEVA - Teva- Pharmaceutical Industries Ltd. - ADR|12.6B|$11.59|56%|N/A +WDC - Western Digital Corp.|15B|$49.51|56%|N/A +DISH - Dish Network Corp - Class A|17B|$32.50|56%|N/A +HAL - Halliburton Co.|19.1B|$21.50|55%|N/A +DBX - Dropbox Inc - Class A|6.99B|$22.11|55%|N/A +MGM - MGM Resorts International|14.8B|$29.96|55%|N/A +GPS - Gap, Inc.|8.32B|$22.27|53%|N/A +VALE - Vale S.A. - ADR|95.9B|$18.16|52%|N/A +LB - L Brands Inc|12.8B|$46.09|51%|N/A +GE - General Electric Co.|101B|$11.59|51%|N/A +GM - General Motors Company|69.7B|$48.59|50%|N/A +BIG - Big Lots Inc|1.79B|$48.12|50%|N/A +DAL - Delta Air Lines, Inc.|25.8B|$40.53|49%|N/A +NOK - Nokia Corp - ADR|2.61B|$3.97|47%|N/A +F - Ford Motor Co.|38.2B|$9.78|46%|N/A +PBR - Petroleo Brasileiro S.A. Petrobras - ADR|23.5B|$11.20|45%|N/A +LUV - Southwest Airlines Co|28.3B|$47.97|44%|N/A +DB - Deutsche Bank AG|24.2B|$11.71|43%|N/A +BP - BP plc - ADR|83.7B|$24.77|42%|N/A +ALLY - Ally Financial Inc|14.8B|$39.63|41%|N/A +WFC - Wells Fargo & Co.|140B|$33.87|41%|N/A +FOXA - Fox Corporation - Class A|17.7B|$30.00|40%|N/A +XOM - Exxon Mobil Corp.|205B|$48.47|39%|N/A +GOLD - Barrick Gold Corp.|42B|$23.64|37%|N/A +FIT - Fitbit Inc - Class A|1.7B|$6.95|37%|N/A +WBA - Walgreens Boots Alliance Inc|42.3B|$49.35|36%|N/A +HSBC - HSBC Holdings plc - ADR|112B|$27.46|33%|N/A +BAC - Bank Of America Corp.|289B|$33.47|32%|N/A +BK - Bank Of New York Mellon Corp|41.1B|$46.47|32%|N/A +HPQ - HP Inc|33.2B|$25.77|31%|N/A +WORK - Slack Technologies Inc - Class A|20.7B|$42.12|30%|N/A +CSCO - Cisco Systems, Inc.|192B|$45.42|30%|N/A +PFE - Pfizer Inc.|205B|$36.84|29%|N/A +MO - Altria Group Inc.|76.4B|$41.20|27%|N/A +T - AT&T, Inc.|204B|$28.66|26%|N/A +KR - Kroger Co.|24.4B|$32.05|24%|N/A +PCG - PG&E Corp.|24B|$12.11|24%|N/A +I don’t know how people don’t see this yet: NFTs are the next bullrun. It doesn’t matter what they are now, they are what teams and big normie companies are looking to develop. That means they are SEVERELY undervalued in all aspects. What they will be worth at the end of the bullrun will be a LOT more than they are now. DeFi is dead. Think of it like this: DeFi is like investing in Oil--a lucrative but very established market with some very big players, NFTs are more like crypto in that they are severely undervalued, a new market, and the mainstream is now looking to get into them and learn about them meaning their ROI is going to be way bigger, it’s absurd. Sure, you may get out worse off if you can’t actually figure out who is good to invest in. Perhaps their marketing plan or business model is shit. Maybe you’ll pick a loser and be a bagholder, but overall you’re looking like you’re going to make a good stack if you get in when and where you should. + +Places like Bake, Rari, OpenSea (though no token) are making a ton of money and this shit hasn’t kicked off yet. Think of it like this. NFTs are computers back when people thought computers were for loser nerds who couldn’t get laid. Now everyone has a literal computer in their fucking pocket they spend most of their day on. A lot of NFTs now are shit, sure, but they’re growing, more big money is being poured in, and they very well could normalize into regular retail markets--and we are going to make sweet bank as they grow and get bigger and better and the market grows. The problem I see with A LOT of them, Rarible being a good example, is they are just undiluted shit. Like you can actually take a shit, take a picture of it, and put it up as an NFT. Partnerships and filtering needs to take place for quality to emerge. Nevermind, the fact that there is a ton of IP infringement going on in these places. Do you think legal suits are going to bode well for the valuation and long-term functioning of some of these companies? No, and content creators know that and the good ones don’t want to associate with companies who actively promote behavior that destroys their livelihoods. + +I am getting in early on something at ILO, that means a shit ton less than it will be worth even one week from now when the 10x FOMO happens. If you want to get in, go for it, I don’t give a shit. Be poor, be rich, do whatever—DYOR, etc, etc. But the reality is you don’t get a better moonshot when you get in at ILO/ICO. If this thing even gets a slither of a slither of the NFT market it is a literal 100x. Inb4 the comment section is filled with ‘NFTs are a meme’, ‘NFTs are going nowhere’, ‘hur durr I can just printscreen your NFT and it’s mine’… yeah, cool: don’t care still making my easy 100x. Maybe they are the dumbest thing on the planet, it doesn't matter they're going to get some normie ape and I'm going to ride their ape brains from branch to branch until they ape so hard the centrifugal force of a branch sends me into orbit to the moon. Edit: Oh yeah, forgot to mention this NFT is doing partnerships/vetting, so the huge issue of IP infringement I mentioned, and content creators not wanting to work with them, or their NFT market being a sea of literal junk and crap is not going to happen. + +**Investment:** **Seedswap (SNFT)** + +At ILO, roughly under a cent per token, and with a supply of only 100m it’s going to go to 10c easily after ILO ends + +**Website:** [www.seedswap.io](http://www.seedswap.io) + +**The telegram is on the website** + +**ILO:** [**https://www.unicrypt.network/amm/uni/ilo/0x4cC177CCE7e533D3f7189Bac202Ad86107a8FD45**](https://www.unicrypt.network/amm/uni/ilo/0x4cC177CCE7e533D3f7189Bac202Ad86107a8FD45) + +**DYOR, not your mother, etc.** +Final edit: + +#GO READ AND COMMENT ON THE SEC RULE PROPOSITIONS! + +Edit: **if I missed anything, please let me know in the comments.** +Edit 2: [SEC comment link - please consider commenting](https://www.regulations.gov/commenton/EBSA-2022-0008-0006) + +You know what? Nothing confirms my bias more than censorship! + +Shorts didn't close, they are desperately fighting us now. + +No more arrogant remarks, no more shilling. Now it's serious. Watch as they will try to get this sub closed down soon. + +Some of the reddit a dmins must be compromised by now, it's evident by the amount of innocent people who just got banned for 3 days just now, even the historian. + +Even a mod here got temp banned! + +Also imposing draconian overreacing rules like the username thing. Obvious desperation. + +**Edit: recapping the new rules, that are for this sub only, if u didn't know:** + +- We can't mention other subs. + +- We can't mention usernames + +- we can't even mention the name of this subreddit, in this subreddit!!! (In screenshots) + +It's clear that the DRS rugpull ^(see footnote) was their last Hail Mary (you stupid fucks, lol) and now they have no more covert strategies - they have to go fight us in the open now. + +If it wasn't apparent before, it is now. No way there would be this amount of a dmin attention and censorship if shorts already closed their positions. + +They can't control the narrative anymore and now they have to fight dirty, out in the open. I wouldn't be surprised if the word 'DRS' was the next shadowbanned expression, causing autobot to delete half the contents of this sub. + +More risky for them. They are exposing their weakness. An honest a dmin could leak the damning information. The more they fight us, the more they reveal their fuk'd'ness and attract more GME investors. + +We are close! + +Merry Yuletide + +tl;DRS + +--- + +In case anyone wonders what I mean by "DRS rug pull": + +the theory is that hedgies either directly or by proxy had institutions directly register shares for the first two quarters (to throw off the estimates by the bot and scraper) and then pull them again from the DRS system in Q3 to make it look like DRS official numbers were falling. + +But try as they might, we still had an increase in DRS numbers, and as a bonus saw right through their shitty scheme. Needless to say, the rugpull didn't work, and now hedgies are bare to square one, as fuk as they ever was +EDIT: Thanks for all of the input, guys! I was expecting to get one or two replies if any. I won't be able to reply to everyone but I'll be sure to read them and take them into account. Thank you! + +_____ + +Throwaway account so I don't reveal anything that can be tied to me. + +Anyway, I'm a single 25 year old man with a decent full-time job. I've never lived alone, I'm currently renting at my folks'. I'm fortunate enough to be able to afford a decent apartment or mortgage with my job. After seeking advice from friends and family, I've gotten almost exactly half-and-half suggestions for either option. I was hoping to get all the input I could before I made the decision, so I'd appreciate any advice. + +I've pieced together some information regarding the decision: + +* Mortgages (altogether in my area) run from around $500-800 (the house I'm currently interested in is $650/mo FWIW) +* Property taxes are ballpark $800/year for my preferred "range" of houses +* Rent (altogether in my area) runs from around $900-1200 +* That is, a $800 mortgage would be a fairly nice house whereas a $900 rental would be a small apartment or a sketchy neighborhood. I'm willing to spend about $700-900/mo on either rent or mortgage. +* If I were to buy a house, the expenses (barring buying furniture, things breaking, emergencies, etc.) would be equal to or slightly higher than just renting an apartment. +* I have no credit. I've heard that no credit is better than bad credit, but, I've heard that in my area most landlords/realtors will take a decent job and clean record as a "replacement" unless you're after an immaculate place which I'm not. +* I don't plan on moving out of the area at all within the next five years, *maybe* within the next 10 years, and likely will after 10-15 years. In my area, you can break even or slightly profit on a house after 5 years, and almost certainly will within 10 years. +* I plan on smoking trees, so, I'd prefer a house for this reason. Medical state and I have a card, but I don't know that neighbors/landlords would respect that. Even if they do tolerate it, I don't wanna be *that guy*. +* However, I enjoy the non-commitment of an apartment. I.e, if I don't like the neighbors or landlord, I can rent someplace else or choose to buy. +* I enjoy the concept of being able to renovate and "improve" a house however I like. +My wife's aunt invested 300,000 yen (just say 3000usd) in an investment group called mynetservice (never heard of it before). They approached her through an app called LINE and had said that they are a group of investors looking to make people money to help the economy after corona affected a lot of people. She had the option of investing 300,000 or 10,000 yen so she did the bigger amount. After about 19 days her 300,000 yen became 1,900,000 yen and she actually received an appropriate amount after tax in her bank account. I looked at their web page and googled their office location and it was a common lodge/Share office so I really thought this was a boiler room scheme. Now my wife has apparently invest 300,000 in as well and I'm concerned that something bad is going to happen later on. +I just started trading at the start of last year, but i only managed to maintain my account at break even. Last few months, i started puting together a dozen of strategies and back testing them. Some of them gave much higher return but involved too many indicator and gut feeling. However one of them standout for me. This strategy has a 61% accuracy with risk and reward ratio of 1. So, i would like to know if this strategy good enough or there are other strategies out there that can give much better return that I need to work harder to find it? +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! + +LonelyFans ($LOF) NOW LIVE $1.4M mc + +Intro 💙🚀 + +VERY EXCITED TO ANNOUNCE THE GUYS AT LonelyFans ARE OFFICIALLY LIVE💙💙 + +With this token they are aiming at the OnlyFans community and the beautiful art/content the creators have. + +Will be partnering with these creators and paying them directly for 1 month free subscription to their onlyfans account to our lucky holders!! + +With that, they also aim to host charity events in the future and hope to give money to industries preventing Human Sex trafficking. + +For those affected by such trauma they also hope to give donations for therapy or anything needed to help them recover. This is more than a token. They want to change lives!! + +As this amazing team finishes up small specs they will post all social links that will include roadmap and will include the tokenomics for this token. + +This is an amazing opportunity for those that want an actual investment and know they made a change in the world as that is what we aim for. + +TEAM OWNER DOXXED ✅ + +VERIFIED CONTRACT SOURCE + +[https://bscscan.com/address/0xb3225ac90b741f762beca76dea1ead278ef26a96#code](https://bscscan.com/address/0xb3225ac90b741f762beca76dea1ead278ef26a96#code) + +Transaction distribution + +3% burn 🔥 + +3% reflection to holders ✅ + +3% sent to Liquidity Pool ✅ + +🔥Tokens Burned (27%) : + +AUDIT COMING SOON + +🔒 Liquidity locked for 5 years! + +Team Tokens locked for a month (different dates) + +Total Supply: 1 Quadrillion + +Dev Tokens : 2% (Vested for 6 months) + +Marketing Tokens : 5% + +Tokens Burned: 278 Trillion + +Liquidity lock: 85% 5 years + +LIVE CHART 📈 + +[https://poocoin.app/tokens/0xB3225aC90B741f762BecA76dEA1eaD278Ef26A96](https://poocoin.app/tokens/0xB3225aC90B741f762BecA76dEA1eaD278Ef26A96) + +WEBSITE: [lonelyfans.me](https://lonelyfans.me/) + +TELEGRAM : [https://t.me/lonelyfansbsc](https://t.me/lonelyfansbsc) + +DISCORD LINK: [https://discord.gg/Y9ppDp58](https://discord.gg/Y9ppDp58) + +TWITTER: [https://twitter.com/LonelyFansBSC](https://twitter.com/LonelyFansBSC) + +REDDIT: [https://www.reddit.com/r/LonelyFansBSC](https://www.reddit.com/r/LonelyFansBSC) ([https://www.reddit.com/r/LonelyFansBSC/](https://www.reddit.com/r/LonelyFansBSC/))/ + +IG: [https://instagram.com/lonelyfansbsc?igshid=1fuvbojxgu37f](https://instagram.com/lonelyfansbsc?igshid=1fuvbojxgu37f) +Today on my street I observed an auction. Three months ago I watched an auction for the house next door. + +They’re both townhouses on roughly 350m2. One a 3x2 and one a 4x2. I’d view the 4x2 as in a more desirable position on the street even if they were the same size. + +Three months ago for the 3x2. there were roughly ten bidders and about 7-8 neighbours. The bidding was solid between 3-4 bidders at the pointy end. The house sold for 1.16m. + +The REA who also lives on our street went door knocking trying to drum up business and also listed the second house. + +Today the same neighbours were out. But with three bidding families. The opening bid was at the lower end of the range. The second and third bids were vendor bids. 4th being 1.02m. The auction was called passed in. REA went in and reopened at 1.05 which was accepted. + +This is an unadjusted decline of 9% in three months. More considering the desirability of the second property. + +Purely anecdotal. The REAs looked pretty dejected. Personally I was reminded of how punchable auctioneers are. + +For context I’m in the Melbourne Eastern suburbs. + +Edited: for pedants with low mental acuity. +Total inflows (ETA: Net inflows, not total inflows) into the fund since inception equal approx. $17.37billion, while total assets stand at $7.78billion as of Oct 28. That equates to a net loss of $9.59 billion. + +&#x200B; + +The fund had most of its inflows, net inflows of $14.27billion, in the 8 months from August 2020 to March 2021. + +&#x200B; + +It then proceeded to lose 67.82% of its value from April 2021 from $120.85/share to $38.89/share after peaking in Feb 2021 at $156.68 per share. The huge loss stems from the fact that inflows peaked around the same time as the price of the underlying shares peaked. + +&#x200B; + +The fund has underperformed the S&P 500 by 53.7% in the last year(ARKK -67.67% vs S&P 500 -13.97%) + +ETA since some people are defending the funds performance on account of the recent rout, the fund has underperformed the S&P 500 since inception (65.7% v 19.8% in cumulative returns). This is not a high beta strategy at all +Hypothetically speaking, let’s say you have enough money in a stocks account to purchases 4-5 houses with 20% down. + + +Would you rather cash out now and generate the monthly income of approx $300 monthly per house or let the stocks account do it’s thing over time? + +Edit: The dilema here is that you can gain or lose money in stocks without even doing anything. BUT if you cash out of stocks to buy RE, you will have the ability to generate monthly income and eventually recuperate 100% of your initial investment. +EDIT 1: THE MODS DID NOT TAKE DOWN THE POST. THIS WAS A RESULT OF ME ATTEMPTING TO INCLUDE THE STORY BELOW IN EDIT 4 FROM A BLACKLISTED SITE ARTICLE WHICH CAUSED THE AUTOMOD TO DELETE THE POST. I hoped that the removal of the link fixed the text but it didn't, this is a Reddit issue, not a mod one. LAY OFF THE MOD NARRATIVE + +EDIT 2: Thank you everyone for the feedback so far; I posted this here as a means to incite further conversation and thoughts. I'm modifying this post as I go, understanding that certain elements are simply TOO speculative. + +EDIT 3: There seems to be concern in how I've represented **Swiss Re** as a reinsurer. I'd just like to confirm that they self-identify as such on most of their portals. You can verify this via a quick Google Search. They also [DO handle re/insurance asset management](https://www.swissre.com/our-business/managing-our-assets) contrary to what has been mentioned. + +EDIT 4: [BlackRock appears to be eyeing Credit Suisse fund management arm](https://www.reuters.com/article/us-credit-suisse-asset-management-m-a-ex-idUSKBN2BW2CT). I'll let you speculate what this may mean in relation to their existing relationship with Swiss Re + +EDIT 5: It is not my intention to make this community appear as a team of conspiracy theorists. There are some deep implications with the evidence that I've showcased that potentially show deeper interlinking between hundreds of the biggest companies. I couldn't possibly attempt to explain each and every single web, so I leave it to you to continue digging! + +EDIT 6: Look I get it, some of you feel that the fact we have tax havens around the world AREN'T a big deal. What is interesting however is that all these players are registered to the same place, and it appears that the government wants to do something about it + +EDIT 7 (April 12th, 2021): We now have the inclusion of **Mr. Gary Gensler** to the mix who will be heading the SEC starting the 19th of April (talk about timing huh). He specializes in cryptocurrencies and darkpools - but more importantly he was the only that finally called on the banks during the 2008 recession: [https://tax.thomsonreuters.com/news/senate-set-to-approve-gary-gensler-nomination-for-sec-chairman-but-likely-for-brief-term/](https://tax.thomsonreuters.com/news/senate-set-to-approve-gary-gensler-nomination-for-sec-chairman-but-likely-for-brief-term/) + +EDIT 8: In-case you're curious, the former SEC chairman, **Jay Clayton** (brought in during the Trump administration) just took a job at **Apollo Global Management** (which \[Tiger Global Management\] holds a 14.8% stake in, making them the largest shareholder of Apollo other than a private holdings company from Apollo themselves (BRH) ([https://fintel.io/so/us/apo](https://fintel.io/so/us/apo))); + +Lets not forget about **Mr. Heath Tarbert**, who was the former chairmen of the CFTC (Commodity Futures Trading Commission) who just got hired by Kenny boy as one of his Chief Legal Officers at Citadel not even 2 weeks ago. **Heath** had this to say about his friend **Jay Clayton**. + +>“It has been an honor to serve alongside Jay Clayton. He is one of the smartest and most capable transactional attorneys in the country and an even better colleague and friend. As leaders of the SEC and CFTC, we have worked together closely to harmonize our rules where appropriate and hold wrongdoers accountable. + +Directly from the cftc site: [https://cftc.gov/PressRoom/PressReleases/8310-20](https://cftc.gov/PressRoom/PressReleases/8310-20) . Still not a conflict of interest? + +&#x200B; + +Now back to the post, + +**Citadel, BlackRock, Susquehanna, and many others are intricately connected through a variety of sources; namely offshore tax havens as proven through the Panama & Paradise Papers. I attempt to piece together what I believe is the reason we are seeing certain behavior from each of these parties.** + +**What you're about to read is MY ATTEMPT to amalgamate multiple pieces of DD by various users from across multiple subs, discord and private discussions in an attempt to piece together what may be happening behind the scenes in the darkside of the financial world. THIS DOES NOT MEAN IT'S 100% RIGHT, SIMPLY MY THOUGHTS ON HOW ALL THESE ELEMENTS MAY PIECE TOGETHER.** + +I INTEND FOR THIS TO BE THE START OF A FRAMEWORK THAT GETS DEVELOPED OVER TIME. I HOPE TO PROVIDE A STARTING POINT. + +**Now grab yourself a beer and strap in, this is about to get crazy. 👨‍🚀👩‍🚀** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +This is an incredibly complicated web with MULTIPLE moving pieces. I will attempt to streamline the findings as much as possible to ease of understanding. + +&#x200B; + +1. Introduction; Prerequisites +2. Follow The Money +3. Let's take a trip to the Cayman Islands and Back Again +4. The Ugland House +5. A New Foe Has Appeared +6. Familiar Faces +7. What does this mean for apes? + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**SECTION 1. INTRODUCTION** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +As a prerequisite I highly recommend reading through [/u/atobitt](https://www.reddit.com/user/atobitt) 's "[The EVERYTHING Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)" whitepaper. It provides a lot of context as to what's going on under the hood and gets you primed for this post. I'd also highly recommend reading through [/u/pinkcatsonacid](https://www.reddit.com/user/pinkcatsonacid) 's DD "[The Missing 🧩](https://www.reddit.com/r/Superstonk/comments/mlf82b/the_missing_citadels_frenemies_pfof_michael/gtneg3m/?context=3)"; for an understanding of how much deeper this potentially goes. Lastly thank you to [/u/tropicalsecret](https://www.reddit.com/user/tropicalsecret) for helping me hash out some missing pieces and their [investigative work](https://www.reddit.com/r/Superstonk/comments/mnlvhf/here_is_all_the_arms_of_susquehanna/) as well. + +My name is [/u/sharkbaitlol](https://www.reddit.com/user/sharkbaitlol) and over the last couple of weeks or so I've prioritized investigating this story further while putting my consultancy on hold - I feel that this is the start of something bigger than any of us can imagine that can improve ours, and our children's lives. I've prided myself in my career as a data scientist and a lifelong gamer in being able to pick up on patterns. I hope that I'm able to help support our community further with this DD. Special thank you to all those who have contributed their time and expertise to getting us this far. I will be referencing other DD written and hope you understand that even if not mentioned, almost every single DD post written by apes has helped getting us closer to the truth. + +&#x200B; + +**With that being said, lets jump in.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**SECTION 2. FOLLOW THE MONEY** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +As we know **Sus**quehanna has been of interest in recent weeks due to their suspicious nature of their position within the GME saga. This suspicion grew quickly when some Redditors pointed out that Dr. Burry may have been pointing a finger at Susquehanna through a hidden message on [Twitter](https://www.reddit.com/r/Superstonk/comments/mlf82b/the_missing_citadels_frenemies_pfof_michael/) (whether this is really what was happening is up to you) - now we have **Sus** attempting to [appeal new DTCC regulations](https://www.reddit.com/r/Wallstreetbetsnew/comments/mmh5jb/susquehanna_is_sus_part_2_elia_the_occ801_rule/) **SR-OCC-2021-003** to make things even weirder. Their growing position prompted me me to start doing a deep dive on their positions across the market; particularly how they've [DOUBLED](https://i.imgur.com/KEE1ZQl.png) in size since the start of the pandemic, parties of association, and conflict of interest across the stock market. What I was able to find has left me baffled at how interconnected all this actually is. **Remember this throughout this post, THERE ARE NO COINCINDICES.** + +We begin by looking at **Sus**quehanna's filings to the SEC. We're able to figure out that they break down into multiple connections with the following: + +&#x200B; + +* Susquehanna Investment Group +* Susquehanna Securities, LLC +* **Capital Ventures International** +* Susquehanna Advisors Group, Inc +* CVI Opportunities Fund I, LLLP +* G1 Execution Services, LLC +* Darby Financial Products + +Now I've highlighted Capital Ventures International **(CVI)** as this will be our main point of interest of now for the peculiar reason that they're based out of **Cayman Islands.** You know, that little island of 64k people where Citadel is laundering bonds? Yeah it turns out they're not the only ones, not by a long shot. + +[\\"The ultimate beneficial owners of Susquehanna and CVI are substantially the same\\". Source: Finra](https://preview.redd.it/uj4px3tl8hs61.png?width=703&format=png&auto=webp&s=aa693f06904bd495f05e773fbd954c580677b2d5) + +You can find the source for the address on BrokerCheck Report [here](https://files.brokercheck.finra.org/firm/firm_35865.pdf) under Finra's website. What they're saying basically saying is that description at the end there, is that Susquehanna Financial and CVI are beneficially owned by the same company (fancy speak for have 25% or more total control of the company); CVI hold around [$839 million.](https://fintel.io/i/cvi-investments) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**SECTION 3. LET'S TAKE A TRIP TO THE CAYMAN ISLANDS AND BACK AGAIN** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Great now that we understand that CVI is in bed with Susquehanna and owned by them; lets go a layer deeper. It's mentioned that this address is located at **Winward 1, Regatta Office Park, Grand Cayman, Cayman Islands.** I was genuinely curious if this address was even real; after a quick Google search, none other than the **PARADISE PAPERS** come up. Remember the massive investigation that exposed some of the most powerful leaders to tax havens around the world? + +[Offshoreleaks](https://offshoreleaks.icij.org/) is a pretty amazing website that allows you to do a network visualization to see who's connected with what. So we start digging; *keep in mind that the data from these papers are from 2014 so some names/elements have been slightly modified since then.* + +[We connected directly to someone named William Walmsley. Source: Offshoreleaks](https://preview.redd.it/je2dzgbn8hs61.png?width=1174&format=png&auto=webp&s=c9bc1b50175baaad96fb658ad807da37fd0a8f4b) + +You'll notice that **Mr. Walmsley** comes up a few times throughout this post, but for now we see that he's connected to this address that CVI is registered to. We can confirm his participation in CVI via a **13G FILING** through the **SEC**. + +He's the director of CVI as seen [here](https://www.sec.gov/Archives/edgar/data/1649553/000110465919006973/a19-4181_31sc13g.htm). + +https://preview.redd.it/yrsl1u9qchs61.png?width=1341&format=png&auto=webp&s=7fb91baef9bc9b5f159958496da49246d3c4bb2c + +***EDIT: FURTHER VALIDATION OF APOLLO INVESTMENTS LIMITED REQUIRED. THIS APPEARS TO BE A REGISTERED ENTITY IN THE CAYMAN ISLANDS AS A SHELL NAME. I CANNOT CONFIRM IF THIS IS ACTUALLY THE APOLLO INVESTMENTS MENTIONED BELOW YET. THERE'S MANY NAMES THAT COME CLOSE TO THIS SHELL COMPANY YOU SEE HERE. WE GET APOLLO VALUE INVESTMENT Offshore Fund LTD, WHICH IS AS YOU GUESSED - ANOTHER OFFSHORE SHELL COMPANY IN THE CAYMAN ISLANDS. YOU EITHER CHOOSE TO BELIEVE THAT THEY HAVE A COMPANY CALLED APOLLO INVEMENTS LIMITED BY CHANCE, OR THAT IT HAS SOMETHING TO DO WITH APOLLO INVESTMENTS. EVEN WITHOUT THIS PIECE WE STILL SEE APOLLO'S HAND IN THE UGLAND HOUSE:*** [***https://whalewisdom.com/filer/apollo-total-return-co-investors-a-lp***](https://whalewisdom.com/filer/apollo-total-return-co-investors-a-lp) + +We see a second address come up in the above screenshot for a place called the **"Ugland House"** located in the Cayman Islands in this filing associated with CVI. Hold that thought for now, we'll go over it soon. + +Going back our network visualization screen shot with Mr. Walmsley, he leads us to yet another connection called **"Apollo Investments**" (you'll notice that CVI isn't on that screenshot, this is because the first filings we see for CVI is at the end of year 2017 whereas the Paradise Papers were published prior to that). "Apollo Investments" will be the next piece of the puzzle. + +So who are they? Well we know they manage about $13bn and invest mostly in finance, industrials, and information technology (top buys being SPY puts (oof, there goes a chunk of change)) *\[just want to clarify here that Apollo Investments is directly affiliated with Apollo Management, you get redirected on their site to the main Apollo Page\].* + +**So to recap we know that Mr. Walmsley is located in the Cayman Islands, Director of CVI which is owned by Susquehanna, AND some sort of senior title in a a company called Apollo Investment.** + +&#x200B; + +EDIT: For a whole another rabbit hole check out **Jay Clayton** who was chairman of the SEC (as instated during the **TRUMP** administration) who now works for Apollo: [https://en.wikipedia.org/wiki/Jay\_Clayton\_(attorney)](https://en.wikipedia.org/wiki/Jay_Clayton_(attorney)) with the following description: " In February 2021, [Apollo Global Management](https://en.wikipedia.org/wiki/Apollo_Global_Management) appointed Clayton to the newly created role of lead independent director on its board " + +Lets not forget about **Mr. Heath Tarbert**, who was the former chairmen of the CFTC (Commodity Futures Trading Commission) who just got hired by Kenny boy as one of his Chief Legal Officers at Citadel not even 2 weeks ago. **Heath** had this to say about his friend **Jay Clayton**. + +>“It has been an honor to serve alongside Jay Clayton. He is one of the smartest and most capable transactional attorneys in the country and an even better colleague and friend. As leaders of the SEC and CFTC, we have worked together closely to harmonize our rules where appropriate and hold wrongdoers accountable. + +Directly from the cftc site: [https://cftc.gov/PressRoom/PressReleases/8310-20](https://cftc.gov/PressRoom/PressReleases/8310-20) . Still not a conflict of interest? + +&#x200B; + +EDIT 2: Maybe I'm just cherry picking information here, but we see that Citadel had hired Apollo's head of corporate credit trade in the last 2 years; check out this excerpt " + +>Since joining Citadel in 2019, Salame, one of Wall Street’s most prominent trading executives, has expanded the credit team amid a hiring spree at the firm. He last week hired Prakash Narayanan from CQS, who was one of Michael Hintze’s top performers. David Casner joined from Goldman Sachs Group Inc. **last year as head of convertible bonds and equity volatility.**" + +Interesting.. Head of convertible bonds and equity volatility... + +[https://www.chicagobusiness.com/finance-banking/citadel-hires-apollos-head-corporate-credit-trading](https://www.chicagobusiness.com/finance-banking/citadel-hires-apollos-head-corporate-credit-trading) + +&#x200B; + +&#x200B; + +Now have a look at who are the [majority stakeholders](https://fintel.io/so/us/apo%201%20c38) are of **Apollo Global Management:** + +[Hmmm, some familiar faces. Source: Fintel](https://preview.redd.it/opu7bsip8hs61.png?width=981&format=png&auto=webp&s=77e5d78bf2272a6886e22248131749b7e4cd2fc1) + +Wait... TIGER GLOBAL MANAGEMENT? Hasn't one of the Tiger Cubs associated with them -- you know, just gotten blown up? More on [The Archegos phiasco](https://finance.yahoo.com/news/rattled-archegos-stocks-investable-again-201150296.html) and how they screwed **Credit Suisse**. How VANGUARD is associated here, I'm not exactly sure yet... + +**Remember how I said there's no coincidences?** Lets have a look where both **APOLLO** and **TIGER GLOBAL MANAGEMENT** are located in New York. + +**INTRODUCING THE SOLOW BUILDING** + +[I can't remember where I saw it, but I believe Mr. Walmsley had something to do with Highland Capital too. I have hundreds of tabs open guys you'll have to give me a pass on this one. Source: Wikipedia](https://preview.redd.it/n0bywa0r8hs61.png?width=852&format=png&auto=webp&s=f32f2f8de1c3b0a12330dd3aab0efa5869b05e3a) + +We'll totally ignore the other tenants for now; although I'm sure they have their hand in the cookie jar haha (cough\* Chanel, cough\* Bombardier). But lo and behold, one of the largest holders of **Apollo** are the Tigers which happen to be in the same building. [What a story](https://www.youtube.com/watch?v=ddu4Gj3hmgc) huh. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**SIDE QUEST TIME** + +**Marc Rowan** of **Apollo** became the new CEO just back in February of this year after the old CEO **Leon Black** stepped down due to links to "the late financier and convicted sex offender **J3FFR3Y 3PST3IN**". [WHAT LOL](https://www.reuters.com/article/us-apollo-global-ceo-idUSKBN2AO2XF). + +Rowan was also quoted saying the following during a **Credit Suisse Financial Services Forum:** + +>“The opportunity, nothing other than that, and in the middle of a pandemic taking a sabbatical is never a good idea,” Rowan said during the **Credit Suisse Financial Services Forum** when asked why he wanted the role. + +&#x200B; + +[JUST WHEN YOU THOUGHT IT COULDN'T GET CRAZIER. Source: Reuters](https://preview.redd.it/usiabvps8hs61.png?width=956&format=png&auto=webp&s=1041a9ba3cdb41004d191f9bf8c308661f95bd0e) + +**SIDE QUEST PART 2** + +Tiger Global Management's Executive **Scott Shleifer** in the last month purchased a lovely $132 million dollar Palm Beach house on a piece of land owned by the former President. He also owns 14.8% of **Apollo Global Managment:**[SEC 13G/A Filing](https://sec.report/Document/0000919574-21-001610/) + +&#x200B; + +[Sounds like someone we know, \*cough Ken\*. Source: Bloomberg](https://preview.redd.it/pthryabv8hs61.png?width=629&format=png&auto=webp&s=3338924d3d43eb65d968c23de215b1ff62453790) + +&#x200B; + +**HOLD YOUR BREATHE, WE'RE GOING DEEPER** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**SECTION 4. THE UGLAND HOUSE** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Let's go back to that other address we saw registered with CVI Investments; we see another business address labelled under a place called the **"Ugland House, Grand Cayman, Cayman Islands"**. I did some more research around this place and SURPRISE, right back to the **Paradise Papers** we go. + +https://preview.redd.it/bn2g8g0y8hs61.png?width=1341&format=png&auto=webp&s=976494dea948c3d3e40f4d253ba889222718f48e + +This place is so **COOL** that it has it's own Wikipedia page! [https://en.wikipedia.org/wiki/Ugland\_House](https://en.wikipedia.org/wiki/Ugland_House) + +I love this quote from Wikipedia on it: + +>" During his first presidential campaign, U.S. President [Barack 0bama](https://en.wikipedia.org/wiki/Barack_Obama) referred to Ugland House as "the biggest tax scam in the world", raising questions over the number of companies with a registered office in the building." + +Here's a picture of this monster sized building that houses **40,000 entities and businesses** + +[Where do you think they fit all of them?](https://preview.redd.it/juhw8s219hs61.jpg?width=1024&format=pjpg&auto=webp&s=0f8b0ccc24cd7ea9a3c2210c88e74d1c6a0d91d7) + +So lets see what's connected to this address + +That EXACT address (the exact way it was written out on the CVI document), is linked to a company called **MOUSSESCALE** which is owned by **Mousse Partners**. REMEMBER, there's thousands of businesses registered here, but they seem to have some variants or "locations" within the Ugland House. However guess where the Mousse Partners NY office is... 9 West 57th street which is... + +https://preview.redd.it/nj3z25g59hs61.png?width=463&format=png&auto=webp&s=98ebad8992d1e1cbe56a0b6ddcb9433850b63324 + +REMEMBER NO COINCIDENCES + +BTW look what's just around the corner of the Solow building + +[maybe just a coincidence, New York is a small place](https://preview.redd.it/o709v7na9hs61.png?width=316&format=png&auto=webp&s=de1d7224f0d4276daf5d01c43a3d261b4e085677) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**ANOTHER SIDE QUEST** + +Did I also mention that the Chief Investment Officer of **Mousse Partner Limited**, **Suzi Kwon Cohen (can't make this up),** was the principal at **Credit Suisse** in Private Equity? Just 2 floors below **Apollo?** + +There's also only 44 people that work at Mousse Partners... Man what are the *chances*. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**FUN FACT** + +**Sus**quehanna has associations with other "[organization affiliates](https://files.brokercheck.finra.org/firm/firm_35865.pdf) (see **"SAL Trading, LLC"; "DARBY FINANCIAL PRODUCTS"; "SIG STRUCTURED PRODUCTS, LLLP**") at **1201 N Orange St, Wilmington, DE, USA.** You can read all about those shenanigans here: [https://en.wikipedia.org/wiki/Corporation\_Trust\_Center\_(CT\_Corporation)](https://en.wikipedia.org/wiki/Corporation_Trust_Center_(CT_Corporation)) + +Spoiler, it's another tax loophole right in Delaware's backyard with 285,000 separate businesses registered to it. + +**EDIT: Some people seem to think this is a null point; it is your opinion on whether you think this is right or wrong even if it's a legal loophole. This location has been linked to 9.5 billion dollars of taxes have been evaded as a result of this location (as of 2012).** + +Here's the behemoth of a building that houses 285k businesses. + +[I hope they have enough parking space for everyone](https://preview.redd.it/f3c09jwd9hs61.jpg?width=2560&format=pjpg&auto=webp&s=78d8ce5409e0fc6c2ef5c39f1f8c526c5acd6edd) + +**I CAN'T BELIEVE I'M SAYING THIS, BUT WE'RE GOING EVEN DEEPER** + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**SECTION 5. A NEW FOE HAS APPEARED ----- TREAD LIGHTLY, SOME ELEMENTS HERE LIKE THE BLACKROCK -> CITADEL COMPONENTS ARE SPECULATIVE** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Now how is **Citadel** involved with all this you may wonder? Well as it turns out, they have an entity tied to the **Ugland** house as well; that's right the same exact building that Apollo and CVI (Susquehanna) are connected to. [\[Citadel Kensington Global is a direct subsidiary of Citadel\]](https://whalewisdom.com/filer/citadel-kensington-global-strategies-fund-ltd) who are due for another D/A filing sometime in May. They manage a cool 17bn. + +[Turns out Citadel is doing some business overseas](https://preview.redd.it/7yerskyg9hs61.png?width=788&format=png&auto=webp&s=449638a65214090de733db68847ab33857716ab7) + +Now we start to getting into [/u/atobitt](https://www.reddit.com/user/atobitt) 's territory of the "EVERYTHING Short" research. They're (Citadel) operating out of multiple places in the **Cayman Islands** and the **Ugland House** is the prime destination. They're flipping bonds here and making bank. + +Now GUESS who we build a direct connection to? + +[Wait a minute, what's BlackRock doing here?](https://preview.redd.it/qofbn2hh9hs61.png?width=1870&format=png&auto=webp&s=cdc0cee399c1623e461f81b4924ff514d424bf53) + +As it turns out BlackRock is the owner of a company called **Swiss Re**. Now who's **Swiss Re**? + +Directly from their [Wikipedia Page:](https://en.wikipedia.org/wiki/Swiss_Re) + +*The Swiss Reinsurance Company of Zurich was founded on 19 December 1863 by the Helvetia General Insurance Company (now known as* [*Helvetia Versicherungen*](https://en.wikipedia.org/wiki/Helvetia)*) in* [*St. Gallen*](https://en.wikipedia.org/wiki/St._Gallen)*,* ***the Schweizerische Kreditanstalt (***[***Credit Suisse***](https://en.wikipedia.org/wiki/Credit_Suisse)***) in*** [***Zurich***](https://en.wikipedia.org/wiki/Zurich) *and the Basler Handelsbank (predecessor of* [*UBS AG*](https://en.wikipedia.org/wiki/UBS_AG)*) in* [*Basel*](https://en.wikipedia.org/wiki/Basel)*.* + +That's right, **Swiss Re** was formed by none other than **CREDIT SUISSE** + +Some more on them: + +They're basically something called a *reinsurer.* In-case you're not familiar: + +*A* ***reinsurer*** *is an insurance company that insures the risks of other insurance companies. A cedant is an insurer who transfers all or part of a risk to a* ***reinsurer***\*. The\* ***reinsurer*** *covers all the insurance policies coming within the scope of the reinsurance contract.* + +They're the insurance, FOR the insurance. Why is this important? Look who owns them as of 2012 [\[BlackRock\]](https://ir.blackrock.com/news-and-events/press-releases/press-releases-details/2012/BlackRock-to-Acquire-Swiss-Re-Private-Equity-Partners-AG-Announces-Strategic-Alternative-Investment-Partnership-with-Swiss-Re-Enhances-Private-Equity-Fund-of-Funds-Capabilities-Deepens-Presence-in-Switzerland/default.aspx). I should also mention at this point that **Swiss Re** manages a cool $240bn in assets as of 2019 - nothing to be scoffed at. Add to the fact that 39% of their investments are in government bonds, and 27% in credit bonds; *directly from their* [investor presentation](https://www.swissre.com/dam/jcr:205daff9-56f9-445f-a2cd-9d3aba31253e/fy-2020-slides-presentation-doc.pdf)*:* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**SECTION 6. FAMILIAR FACES -------- PLEASE NOTE THAT THIS COMPONENT IS PURELY MY SPECULATION ON THE MATTER YET AGAIN; WE CANNOT DEFINITELY SAY FOR CERTAIN THAT THIS CONNECTION BETWEEN BLACKROCK + SWISS RE AND CITADEL + PALAFOX EXISTS. UNFORTUNATELY THE DATA FROM THE PARADISE PAPERS AREN'T RECENT ENOUGH** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Now that we understand who Swiss Re is; INTROOOOOOODUCING OUR BACK-TO-BACK ALL-STAR, PALAFOX TRADING LLC!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!** + +Already made infamous in the "EVERYTHING Short" post once again, **Palafox** has been acting as a direct proxy for **Citadel** as a means to rehypothecate bonds to quickly cash out and add liquidity to the market. + +Now how do THEY connect? First we see that the public accountant is a company called Pricewaterhousecoopers which work with **Palafox**. **EDIT HERE: Thank you to the community for helping clear this point up. We know that this may be a null conclusion considering PWC works across a multitude of clients across the world. For now all that we can say for certain in this section is that Citadel & BlackRock have registered entities to the Ugland House. Do with that information what you will. THIS DOES NOT NECESSARILY MEAN THEY HAVE ANYTHING TO DO WITH EACH OTHER. REMEMBER 40K BUSINESSES ARE REGISTERED HERE!** + +Now lets zoom out on the network visualization from earlier that connect BlackRock with Citadel through the **Ugland House.** + +![img](9xf86o4n9hs61 " +") + +EDIT: REMOVED SECTION ATTEMPTING TO EXPLAIN THE CONNECTION AS IT WAS TOO SPECULATIVE. JUST KNOW FOR NOW THAT BOTH MEMBERS HAVE ENTITIES ARE REGISTERED TO THE SAME TWO LOCATIONS IN CAYMAN ISLANDS AND BAHAMAS + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**SECTION 7. WHAT DOES THIS MEAN FOR APES** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +I believe the connection between **Susquehanna > CVI > Apollo > Tiger Global Management**\> **Credit Suisse > Swiss Re > Citadel > BlackRock** is incredibly complex and has many moving pieces beyond what any of us imagined. I believe that there is a 5D game of chess being played, and apes are just a pawn that is plowing the way to victory. **IT IS IN MY OPINION** that **BlackRock** isn't just looking to kill off **Mevlin. I think they may be working with the government + fed(which has been shown they've done on occasion) to make some major changes happen to the market. What's the end goal? It's not entirely obvious to me yet. You can read a bit more about it on Bloomberg under the title "Why BlackRock is now the 'fourth branch of government' ". Sorry I'd post the link but I don't want automoderator to kick in again (just google that title).** + +As I was compiling this information look for no further than the POTUS himself for confirmation bias just from 3 days ago: SKIP TO 38:20 OR SO [https://twitter.com/potus/status/1379857925875888128?s=21](https://twitter.com/potus/status/1379857925875888128?s=21) + +>*I've also proposed a global minimum tax... Let me tell you what the means, that means companies won't be able to hide their incomes in places like the Cayman Islands or Bermuda* + +**EDIT (April 12th, 2021):** We now have the inclusion of **Mr. Gary Gensler** to the mix who will be heading the SEC starting the 19th of April (talk about timing huh). He specializes in cryptocurrencies and darkpools - but more importantly he was the only that finally called on the banks during the 2008 recession: [https://tax.thomsonreuters.com/news/senate-set-to-approve-gary-gensler-nomination-for-sec-chairman-but-likely-for-brief-term/](https://tax.thomsonreuters.com/news/senate-set-to-approve-gary-gensler-nomination-for-sec-chairman-but-likely-for-brief-term/) + +&#x200B; + +TLDR; I think there's a lot of shady things going on in the world. Whether you believe all of it, or none of it; JUST HODL. I hope this framework can help you start your own research in figuring out what we're dealing with here! + +&#x200B; + +We are approaching something huge apes. Diamond Fucking Hands 💎✋🦍 +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. +Not good news for a lot of landlords out there - [https://www.politico.com/news/2021/03/29/cdc-extend-eviction-ban-june-30-478332](https://www.politico.com/news/2021/03/29/cdc-extend-eviction-ban-june-30-478332) +I've noticed that people in this sub are getting more and more interested in DeFi (Decentralized Finance) applications. With this guide I would like to help you getting started with learning the basic fundamentals of DeFi and setting up your wallet and tools. I tried to make this guide as complete as possible. + +# Fundamentals + +Let's start with some fundamentals first. + +# What is Decentralized Finance + +Decentralized Finance (DeFi) is a movement that uses decentralized networks and blockchains to transform traditional financial products into trustless and transparent protocols that work without intermediaries. + +Currently, almost all DeFi applications are built on the Ethereum blockchain and Binance Smart Chain (EDIT: Binance Smart Chain is NOT as decentralized as Ethereum and is therefore often labeled as CeDeFi). Like Bitcoin, Ethereum and Binance have a blockchain that acts as a shared ledger in which digital value is tracked. Rather than a central authority, the participants making up the network control the issuance of ether (or BNB), the network's cryptocurrency, in a decentralized way. + +Developers can program applications that can create, store and manage digital assets, also known as tokens, on the blockchain. For this to work, smart contracts and decentralized applications (DApps) are written and built. The expiration of these contracts and agreements is automatically enforced if the blockchain receives the correct data. You can make complex, irreversible agreements without the need for an intermediary. + +Anyone is able to create, adapt, mix, link or build on an existing DeFi product without permission. DeFi protocols are modular, so they can be stacked on top of each other to build an increasingly dense system of interacting parts. + +# Wallets + +You can download a wallet on a PC, tablet or telephone. With this you can store, send or receive Bitcoin or other cryptocurrencies. Three related concepts determine whether someone has ownership of a certain wallet, these are your digital keys (also called public & private keys), your wallet address and your digital signature. + +The most important aspect of a wallet are your digital keys, as they give you access to your wallet. It is important to know that these keys are not stored online on the blockchain but are instead stored independently within the digital wallet itself. Each key consists of both a public key and a private key. + +Consider your public key the same as the bank account, which also consists of an address. Your public key works more or less the same. The pin code with which you subsequently gain access to this bank account is then referred to as your private key. + +It is very important that you ALWAYS keep your private key to yourself. If someone else has the private key, he / she can send and steal all coins, so keep it safe. With the public key, people can only send coins, so that can't hurt. + +Every wallet has a unique code, which we also call the wallet address, which consists of a random letter and number combination that is different for everyone. This address is in fact the name of your wallet and makes it possible for others to transfer cryptocurrencies to you. + +Example of just any bitcoin address: 14J5Q7ageKhM3miKd94DX44Kf6b7ko4BZe + +Some people assume that your public key is the same as your wallet address. This is not entirely true, but the two are mathematically related. + +In order for you to start using DeFi platforms, a browser wallet is needed. + +# Coins vs Tokens + +A coin runs on its own blockchain, on its own system. It is therefore completely independent. A coin could be compared to a contemporary currency, such as the Dollar. Bitcoin is a coin and has been developed with the aim of serving as a digital payment method and store of value. + +Then there are tokens. Tokens by definition do not run on their own blockchain, unlike a coin. They have been added to an already existing blockchain. Tokens can have the same functionality as a coin, although this is not common. + +Tokens that are created on the Ethereum network are typically ERC-20 tokens. When we talk about ERC20, we mean the standard that is implemented in certain tokens. ERC20 stands for 'Ethereum Request for Comment 20'. The Binance Smart Chain uses a similar standard, which is the BEP-20 standard. + +These standards contains numerous functions that allow any token that has implemented this set of functions to be traded. Examples of those functions are: + +* Sending tokens. +* Request balance information from any address. +* List the number of available tokens. + +# Layer 2 solutions + +Because of high demand, the Ethereum network is getting overloaded. This resulted in very high transaction fees, making it to expensive for small investors to use it's dapps. + +This is the main reason why many investors moved to the Binance Smart Chain, which has much lower fees, untill Ethereum 2.0 has been implemented, which is an update that will drastically lower the transaction fees for the network. + +However, in order for the Binance Smart Chain to maintain such low transaction fees, it had to sacrifice it's decentralized properties. This resulted in that the Binance Smart Chain is much more centralized and less safe compared to Ethereum. + +Fortunately, there are various projects working on Layer 2 solutions to improve both the scalability and speed of the Ethereum network. Layer 2 refers to a secondary framework, chain or protocol that is built on top of an existing blockchain system. By doing so, the mainchain can be unloaded and can solely focus on the safety of the network. + +In the case of Ethereum, there are currently 2 sidechains that are pegged to it. These chains are the xDai chain and the Polygon chain. The latter of the sidechains is the most promising Layer 2 solution so far. + +By bridging your assets from the Ethereum mainchain to the sidechains, you are able to interact with various dapps that work on these sidechains for almost an negligible amount transaction fees. + +# Getting started + +Now that you're aware of the fundamentals of DeFi, let's dive into how you can move your assets into the various DeFi protocols. + +# Setting up your wallet + +In order to move your assets from your wallet on the exchange that you're using to either the Ethereum network, Binance Smart Chain, or Sidechains, you will need a browser wallet that can interact with these DeFi protocols. + +I'm currently using MetaMask, so I will use this browser wallet in this guide: + +1. Go to the official MetaMask website in your browser ([https://metamask.io/](https://metamask.io/)) +2. Press “Get Chrome extension”, “Chrome Firefox Opera” or “Get Brave Browser”. This of course depends on the browser you want to use at that time. +3. You will now be taken to a page where you can add the extension. With Chrome, for example, there is a button with: + ADD. TO CHROME. Click on the button. +4. A popup appears to confirm this +5. You will now see a MetaMask logo at the top right of the browser. Click this to set up MetaMask. +6. Accept the terms and conditions +7. Create and confirm a new password. Please remember this password. +8. You will now see 12 words. With these words you can always recover your wallet - in combination with the password. Write these words down and keep them safe. Preferably offline - just on paper. +9. Congratulations! You have now installed and configured a MetaMask extension. You can now use the buttons “Buy” and “Send” to buy or send Ether to your wallet. You can now also send Ethereum to the address under “Account 1”. + +Your MetaMask wallet will be automatically connected to the Ethereum network. In order to connect your MetaMask to the Binance Smart Chain, Polygon or xDai, follow these steps: + +1. Click on the network in the top right corner. +2. Go to settings. +3. Click "Add network" + +In order to setup your wallet for the Binance Smart Chain, enter the following parameters: + +Network Name: Smart Chain + +New RPC URL: [https://bsc-dataseed.binance.org/](https://bsc-dataseed.binance.org/) + +ChainID: 56 + +Symbol: BNB + +Block Explorer URL: [https://bscscan.com](https://bscscan.com/) + +&#x200B; + +In order to setup your wallet for the Polygon sidechain, enter the following parameters: + +Network Name: Matic Mainnet + +New RPC URL: [https://rpc-mainnet.maticvigil.com/](https://rpc-mainnet.maticvigil.com/) + +ChainID: 137 + +Symbol: MATIC + +Block Explorer URL: [https://explorer.matic.network/](https://explorer.matic.network/) + +&#x200B; + +In order to setup your wallet for the xDai sidechain, enter the following parameters: + +Network Name: xDai + +New RPC URL: [https://rpc.xdaichain.com/](https://rpc.xdaichain.com/) + +Chain ID: 0x64 + +Symbol: xDai + +Block Explorer URL: [https://blockscout.com/xdai/mainnet](https://blockscout.com/xdai/mainnet) + +# Faucets + +In order to be able to perform transactions on these chains, you need to have some of their coins/tokens in your wallet in order to pay for the transaction fees. + +* In order to use Ethereum you need Ether +* In order to use Binance Smart Chain you need BNB +* In order to use xDai you need xDai +* In order to use Polygon you need Matic + +Luckily you can get small amounts of the currencies for free from so called faucets. + +A faucet is an app or a website that distributes small amounts of cryptocurrencies. They’re given the name ���faucets'' because the rewards are small, just like small drops of water dripping from a leaky faucet. + +However, in the case of crypto faucets, tiny amounts of free or earned cryptocurrency are sent to a user’s wallet. In order to get free crypto, users need to complete tasks as simple as viewing ads, watching product videos, completing quizzes, clicking links (be careful!) or completing a captcha. + +You can use the following faucets to receive small amounts of crypto: + +* xDai: [https://blockscout.com/xdai/mainnet/faucet](https://blockscout.com/xdai/mainnet/faucet) +* Matic: [https://matic.supply](https://matic.supply) + +Unfortunately. I wasn't able to find any faucets for Ether or BNB. + +# Sending crypto from the exchange to MetaMask + +In order to receive send your assets to MetaMask wallet, you need to fill in the correct address. This is probably straight forward for most of you, but please make sure to quadruple check you're MetaMask wallet address before sending your tokens from the exchange to your address. + +When you're sending tokens from Binance, it will ask if you want to send them as BEP20 or ERC20 tokens. Please choose the correct one! Sending BEP20 tokens to your Ethereum address can result in a loss or they end up in your Binance Smart Chain wallet. + +# Bridging: An important step! + +Please notice that you can't send your tokens directly from the exchange to sidechains such as xDai or Polygon! You need to send them first to the Ethereum network (as they are both sidechains pegged to the Ethereum blockchain). Once received, you can bridge them to xDai or Polygon by using the following links: + +* [https://bridge.xdaichain.com/](https://bridge.xdaichain.com/) +* [https://wallet.matic.network/bridge/](https://wallet.matic.network/bridge/) + +Keep in mind that for during the bridging, Ethereum transactions fees have to be paid. After the bridging, you play by the rules of the sidechain (which means cheap transactions). + +# I can't find my tokens in my wallet! + +If you can't find your tokens back in your wallet after sending them from the exchange, you can follow these steps: + +* Check the transaction record, is the transaction completed? +* Make sure you look at the right network. Your MetaMask wallet might be connected to the Binance Smart Chain network, hence not showing your assets. +* Add the contract address of your token to the wallet. You can find the address of your token via [https://etherscan.io](https://etherscan.io/) (Ethereum) or [https://bscscan.com](https://bscscan.com/yieldfarms) (Binance Smart Chain). The token address can then be copied in to the MetaMask wallet by clicking on add custom token. + +# Setting up your dashboard + +To make things a bit more clear, I would advice you to use the DeFi dashboard [Zapper.fi](https://zapper.fi/). Zapper is an interesting platform that lets you quickly and easily deploy and manage your DeFi positions within a single interface. It is a DeFi portfolio management dashboard that helps you stay on top of your portfolio, liquidity pools, and liquidity mining positions. + +Zapper supports Ethereum, Binance Smart Chain, xDai and Polygon. In order to connect to the right network, you must first connect your MetaMask to the network you want zapper to connect to. By clicking in the top right corner of your MetaMask wallet you can connect to the network you want Zapper to manage for you. + +The first tab of Zapper, shows an overview of your account. It shows the value of your assets in your MetaMask wallet and how your deployed assets are performing in the DeFi protocols (if you deployed any already). + +In order to reduce gas fees, Zapper has several features that can "Zap" your assets fast and "cheap" in order to: + +* Start providing liquidity in a pool. +* Swap tokens. +* Bridge your tokens from one network to another. + +Zapper also keeps track of the estimated APY's (Annual Percentage Yield) of the various pools from different DeFi protocols as well as farming opportunities. + +# A list of DeFi protocols + +Before wrapping this post up, I want to share the following website: [https://defipulse.com/](https://defipulse.com/) + +DeFi Pulse records the top performing DeFi protocols on the Ethereum main chain as well as their TVL (total locked value) and ranks them accordingly. This page is really worth checking out as it can help you to pick the right protocols to deploy your assets in. + +In order to monitor the DeFi space of Binance Smart Chain, Polygon and xDai I like to use [https://dappradar.com/rankings/category/defi](https://dappradar.com/rankings/category/defi) and [https://defiprime.com/#defi\_projects](https://defiprime.com/#defi_projects). However, If you use other resources in order to find the right dapp, let me know! + +# That's it for this guide! + +I really do hope that this guide helps you to get started on your DeFi adventure.If I missed something or whatever let me know so I can change it. + +&#x200B; + +* If you found this guide helpful, [please read my DeFi (Decentralized Finance) series](https://www.reddit.com/r/CryptoCurrency/comments/mdjsrj/defi_explained_defi_wallets/). I've covered a wide plethora of subjects and linked all posts to make it more convenient for you to read. +* Interested in Layer 2 solutions? [Read my post about ZK Rollup](https://www.reddit.com/r/CryptoCurrency/comments/nctot7/defi_explained_zk_rollups/)s! + +&#x200B; + +EDIT 1: All right, there’s some confusion here whether Binance Smart Chain is decentralized or not. It’s NOT decentralized. The Binance Smart Chain is a fork of the Ethereum blockchain that sacrificed it’s safety and decentralized aspect in order to maintain low transaction fees and higher scalability! + +EDIT 2: As pointed out by some comments, this post doesn't explain WHY you want to use DeFi. Unknown to many, this guide is part of a long series of posts, called "DeFi Explained". If you're interested in why you should-/want to- use DeFi, the following posts will be useful for you: + +* [Liquidity Pools](https://www.reddit.com/r/CryptoCurrency/comments/mfk2oi/defi_explained_liquidity_pools/) +* [Lending and Borrowing](https://www.reddit.com/r/CryptoCurrency/comments/mnzv1c/defi_explained_lending_borrowing/) +* [Yield Farming](https://www.reddit.com/r/CryptoCurrency/comments/n0yng2/defi_explained_yield_farming/) +* [Indices](https://www.reddit.com/r/CryptoCurrency/comments/muonht/defi_explained_indices/) +* [Derivatives](https://www.reddit.com/r/CryptoCurrency/comments/mt8c67/defi_explained_derivatives/) +* [Margin Trading](https://www.reddit.com/r/CryptoCurrency/comments/mslzt8/defi_explained_margin_trading/) +* [Wrapped Bitcoin](https://www.reddit.com/r/CryptoCurrency/comments/mh2oc7/defi_explained_wrapped_bitcoin/) +* [Stablecoins](https://www.reddit.com/r/CryptoCurrency/comments/mysxvz/defi_explained_stablecoins/) +On the 2nd and 3rd of this month my card was used for 8 transactions that were not me. I noticed on the 4th and immediately called and reported the fraud. + +Then I got a letter on Monday saying that they found no evidence of fraud and I'm liable for the charges. So I called them back and they said a chip was used and there's no way to fool the chip (which I know we know is bullshit). + +So far I've filed a complaint with the CFPB and am going to file a police report on Monday. I have cell phone location history but Capital One didn't seem to give a shit about that (although I did include it in the CFPB complaint). I also was moving on the 2nd so I have a receipt for how much time I spent with the movers I used. + +Not really sure how to proceed but really don't want to have to pay hundreds of bucks that I didn't spent. Any tips on next steps? + +EDIT: + +Wow I went to sleep and this blew up. This was my last ditch effort to get some feedback, thank you all for commenting. + +Some requests for info that was missing: + +The card was in my possession the whole time, the charges were local, it was a credit card. The total on all the charges is 658.57. + +Look, I know it sounds fishy but I didn't make the charges. + +EDIT 2: Again seriously thank you for the comments. Really was expecting five or six replies. + +Two popular things that have come up are the movers could have taken it and do I have someone living with me. Movers were only there the first day and the majority of charges happened the second day. Girlfriend lives with me, but was also with me the entire time both days. +What are the biggest reasons renewable stocks have been going up these past months? + +The Biden-Harris campaign has some impact, but there has to be more to the story. Do you think part of it is just riding the wave, speculation, or just general transition to renewable energies? +# 🚨 2 JUNE GAMESTOP SHAREHOLDER MEETING - voting on increasing the number of authorized shares to enable a STOCK DIVIDEND. SHORTS WILL HAVE TO COVER TO DELIVER 3x-13x THE AMOUNT OF SHARES!!! + +[\\"The primary purpose of increasing the number of authorized shares of our common stock is to facilitate the potential Stock Split\\" - GME proxy](https://preview.redd.it/vothce2kpgw81.png?width=1536&format=png&auto=webp&s=0622c4afba76f8a49a0d13e4e9046b13b88edf7e) + +# 🚨 [NFT.GAMESTOP.COM](https://NFT.GAMESTOP.COM) GAMESTOP NFT MARKETPLACE SET TO LAUNCH BEFORE THE END OF Q2. + +* 3 weeks ago /u/robbieimmutable tweeted that major marketplaces are integrating with Immutable in 8-12 weeks, so 5-9 weeks now. +* GameStop and IMX are evaluating applicants for the $100M IMX Grant Program +* GameStop has started interviewing NFT creators + +https://preview.redd.it/ydcy4bhvlgw81.png?width=571&format=png&auto=webp&s=d70772b2f3b3e72f3af74e49dfab1303310ac086 + +https://preview.redd.it/0duv2omqmgw81.png?width=531&format=png&auto=webp&s=8ccd5b7b63658cf224c19ad927f539791cb60fe6 + +https://preview.redd.it/efmpwfkumgw81.png?width=536&format=png&auto=webp&s=fd1a057b233bfaa14be3ffbf10e223041a20e81b + +# 🚨 The DOJ is investigating short sellers and pressure is ever increasing on criminals and financial terrorists Ken Griffin, Steve Cohen and Jeff Yass. + +* Bill Hwang being arrested shows that market manipulators are being targeted and high profile Wall Street figures are not invincible. +* "Racketeering, security fraud, wire fraud and market manipulation charges \[...\] for perpetuating a massive fraud and market manipulation scheme that nearly jeopardized our financial system" Sounds like a normal workday at Citadel 💩 + +https://preview.redd.it/4owuclwnrgw81.jpg?width=1100&format=pjpg&auto=webp&s=98af54f427901b7c547e8fb9b2099396bcbbca19 + +# 🚨 APES CONTINUE TO DRS AND LIBERATE GME SHARES FROM DTCC FUCKERY + +* Eventually the float WILL be locked and there's nothing the corrupt DTCC can do about it 🦍 + +[From Computershared dot net](https://preview.redd.it/pocxaepoqgw81.png?width=1006&format=png&auto=webp&s=9d5e19a5fddb50b030a97196e9e18a3c8fb67bf2) + +# GET F*CKING HYPED + +# MOASS SOON 🌊 + +&#x200B; + +[Trust RC. MOASS soon. Zen ape 🦧](https://preview.redd.it/8daop2wisgw81.png?width=500&format=png&auto=webp&s=ce860a888d095e677b8695f079cfdc6d41afef57) +Let’s say you have 500K that you decided to put down for an investment property that you’ve properly vetted. Assuming interest rates go down a little bit does it make sense to use cash to buy the first property to see how you do, or buy more than one property with some mortgage help to accelerate earnings the goal would be a stream of income from rentals . +Yesterday afternoon after I got off work, I stopped by a gas station to get something inside. + +A young man came up to me and asked if he could use my phone to call his mom. I usually am not one to lend out my phone, but with everything going on in the world I figured I could show some compassion. + +So he walked with me inside, at some point he said she wasn’t answering so he would text her. +I then proceeded to check out at the register while he was “texting”. I asked him if he needed gas money and he said no and then we walked back to my car. + +I leave feeling like I did a good deed by helping someone out. + +Well, today I logged into my bank account and saw my account was overdraft by $700. My stomach sank and I looked at where it came from. Turns out, he went onto my cash app and verified through text message. He then proceeded to transfer himself approx. 1300 (most of which I didn’t have). He then quickly deleted all messages between cash app and exited the apps. + +I immediately called my bank and they canceled my debit card just in case and will pursue a dispute once the charge posts. + +While I’m optimistic that the funds will be restored, I just really feel like crap. I had just crawled out of years long debt and was finally starting to slowly save and then Boom! Life is thrown at you. It just feels terrible to work so hard and then get it all stolen by a man abusing kindness. I also attempted to file a police report but the officer called me, I told my story, and then he said he’ll call me back to get more info. He never called back. I wanted to file the police report to make the county aware of this scam that could affect others and to bolster my fraud claim. + +I’m sorry for the rant. If I’ve learned anything it’s too not be too trusting of strangers, which unfortunately I will have to take to heart from now on. + + + +Update 1: The charge posted yesterday evening and my bank automatically submitted the fraud claim. I logged into my bank and account and I was issued a provisional credit. If the transaction is deemed to be legit or the merchant (cash app) issues a credit, the credit into my account will be reversed. + +As far as a police report, I’m going to physically go to the police station to file a report today. I’m also going to see if the gas station has surveillance they would be willing to hand over, I imagine that may be a legality issue but I’ll try it. + +Thank you all for your words of kindness and advice. I honestly appreciate it. A lot of good advice has been given and other scams revealed, so what was intended to be just getting my feelings out hopefully has opened the eyes of others, as myself, in the scams that are lurking. + +A lot of people have mentioned to not let this ruin my kindness, and they are right. I will continue to help others when possible; but I will be vigilant and prepared if they have nefarious intentions from now on. I Thank all of you for your caring words and advice! +All these ICOs are starting to feel like a big scam. Just write up a 10 page document and a few lines of code and then proceed to collect hundreds of millions of dollars worth of digital currency from ignorant FOMOs. + +How are you people not worried about what's happening? What do you think will happen once these ICOs start failing (and most of them WILL fail) and the greedy developers start dumping all their ether? + +I believe in ethereum and I think the technology has potential, but the way these ICOs are exploiting investors, 90% of whom can't even tell you what a block chain is... It's just a disaster waiting to happen. + +Please feel free to correct me if I'm wrong, but I'm starting to think a lot of people are going to lose a lot of money in this bubble simply because people are too damn lazy to research and understand the shit theyre throwing their money at. +David Tepper, founder of Appaloosa Management whose comments have been known to move markets, said it's very difficult to be bearish on stocks right now and thinks the sell-off in Treasuries that has driven rates higher is likely over. + +"Basically I think rates have temporarily made the most of the move and should be more stable in the next few months, which makes it safer to be in stocks for now," Tepper told CNBC + +Notably, also called growth stocks like Amazon in particular, attractive right now. + +Source: https://www.cnbc.com/2021/03/08/david-tepper-is-getting-bullish-on-stocks-believes-rising-rates-are-set-to-stabilize.html +Wall Street lobbyists are frantically trying to kill a federal rule that requires banks to follow the law & not commit egregious crimes that get them criminally convicted on felony charges. This is happening RIGHT NOW. + +[https://www.levernews.com/criminal-banks-want-to-have-their-cake-and-eat-it-too/](https://www.levernews.com/criminal-banks-want-to-have-their-cake-and-eat-it-too/) +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. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[Daily Discussions](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22&sort=hot) | [DD](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot) | [Possible DD](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot +) | [Discussion](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&sort=hot) | [Question](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22&sort=hot) | [Education & Data](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&sort=hot) | [News & Media](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&sort=hot) | [MEGA Thread](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22&sort=hot) | [Social Media](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&sort=hot) | [HODL](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot) | [Meme](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22&sort=hot) | [Fluff](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&sort=hot +) | [Opinion](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22&sort=hot +) | [Shitpost](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22&sort=hot) | [Art & Writing](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22&sort=hot) | [Stonky Pets](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22&sort=hot +) | [Daily News](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&sort=hot) | [SuperstonkBot](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22&sort=hot) | [AMA](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1&sort=hot) | +| [Moderator](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22&sort=hot +) | [Red Seal of Stonkiness](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot) + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* + +I’m 40 years old aiming to be financially free at 50. Very low debt less than 30K. 401K maxed out every year since my 20s. Currently investing 5600$ a month in taxable account. Looking for wisdom where a knowledgeable investor would strategically invest. Basically looking for ideas to compare against my strategy and holdings. +&#x200B; + +[ Good morning r\/Superstonk, neighborhood jellyfish here! ](https://i.redd.it/ehs02c6dwd971.gif) + +I would like to revisit some more data recently released and posted and continue trying to tie this all together as the situation continues to evolve. + +Posts being referenced: [1st Inflation Post](https://www.reddit.com/r/Superstonk/comments/nxxwqt/tldr_i_believe_inflation_is_the_match_that_has/), [Existing Home Sales May](https://www.reddit.com/r/Superstonk/comments/o6ie6p/a_deep_dive_into_the_housing_data_released/), [New Home sales May](https://www.reddit.com/r/Superstonk/comments/o6soxw/part_ii_a_deep_dive_into_the_housing_data/), [Fed Balance Sheet through 6/16](https://www.reddit.com/r/Superstonk/comments/o2dw45/thoughts_on_the_feds_balance_sheet_after_todays/), [It’s not just manufacturing supply shortages, manufacturers can’t get people for work](https://www.reddit.com/r/Superstonk/comments/od9tt1/a_deep_dive_into_some_more_of_the_data_released/), [6.4% annualized inflation (PCE, excluding food and energy the most conservative inflation measure US government releases and the Fed relies on)](https://www.reddit.com/r/Superstonk/comments/o7r4zw/the_feds_favorite_inflation_measure_which_is_the/) + +I want to start by revisiting the Fed’s balance sheet. The last time we talked about it (6/17), it stood at a then RECORD $8.064 trillion. Let’s write this one out: $8,064,000,000,000.As of July 1st, that number stands at a **NEW RECORD $8,078,544,000,000**—an increase of $14,544,000,000. + +[ $8,078,544,000,000](https://preview.redd.it/z8dnwn5swd971.png?width=1827&format=png&auto=webp&s=6c72023ffe5b27cd93dfceb0df11fbf263ec6d5b) + +[Look at that triangle that has started at $7 trillion! ](https://preview.redd.it/jwxf3k0uwd971.png?width=1465&format=png&auto=webp&s=ceb3523e78313f82c4376e1fb65ec775e1b9cc16) + +# + +# So what caused the jump in the balance sheet? + +The Treasury General Account (TGA), which Yellen said in February she wanted to [get to $500 billion by the end of June](https://home.treasury.gov/news/press-releases/jy0011), actually increased by $86.815 Billion to $851 Billion. + +Federal Reserve Notes, net jumped $4,594 million. + +# The Fed’s balance sheet is jumping while we are watching the housing bubble inflate in front of us. + +The rate of sales continues to trend downward, but median home prices for **existing homes** are up 23.6% year-over-year to an all-time high of $350,300 with May rising at the greatest year-over-year pace since at least 1999, up from $283,500 last year and $340,600 in April. + +So, months’ supply is increasing (supply taking longer to move), sales are beginning to decrease (.9%) (demand), and median existing-home price across all housing types hit a record high of $350,300 in May, an increase of 23.6% from the year before (price). + +Despite supply increasing for months, **single-family home sales** by homebuilders to the public in May fell 6% from the prior month to a seasonally adjusted annual rate of 769,000 houses, down 23% from the recent high in January. This steep decline in sales occurred amid rising prices. + +The median price of new single-family houses rose 2.5% from the previous month, and spiked 18.1% year-over-year, to a record $374,400: + +https://preview.redd.it/4xj0opyl1e971.png?width=802&format=png&auto=webp&s=6690f087ada69f13a8c35b8841a34c4d48e036c1 + +The drop in sales of new homes in the past months brought sales back to about pre-pandemic levels. On the other end of our equation, inventory really is rising! + +Unsold speculative houses rose for the fifth month in a row to 330,000 houses and months’ supply rose to 5.1 months. + +New single-family homes completed since Jan 2021 : 1,328,000+1,347,000+1,497,000+1,426,000+1,368,000 = 6,966,000 homes + +New single-family homes sold since Jan 2021 : 993,000 +823,000+886,000+817,000+ 769,000 = 4,288,000 homes + +Supply is up +2,678,000 homes in 2021 so far. + +Stated another way: + +The current supply is steadying with current inventory not moving at the current prices and is increasing as more homes come online (census bureau has it at \~ 4-8 months in 2020 to build from start to finish, projects started during the pandemic will be coming online), Demand is decreasing, Median Prices has increased to an all-time high. + +&#x200B; + +**With the conditions of the housing market above, I believe we are entering ‘textbook’ bubble territory.** + +[ Source: https:\/\/www.investopedia.com\/terms\/h\/housing\_bubble.asp ](https://preview.redd.it/bcoa3frsxd971.png?width=794&format=png&auto=webp&s=3d348043be4dd619112aad871705fd00ba02f737) + +Ok, as we covered above, demand had been through the roof, but the supply is back on the rise and current stock is taking longer to move. At the same time, demand for new mortgages is decreasing as the supply continues to hold and increase—but prices continue to go up! + +https://preview.redd.it/e8ge1yn0yd971.png?width=884&format=png&auto=webp&s=adbea8646a332e991679cf2214603ff39a2b499e + +But what about delinquency rates? This can be a source to the supply... + +[ https:\/\/www.mba.org\/2021-press-releases\/may\/mortgage-delinquencies-decrease-in-the-first-quarter-of-2021 ](https://preview.redd.it/e2jq2nc3yd971.png?width=1111&format=png&auto=webp&s=20b980c2faf5d470a30dc34a8f3106acdfc79fc3) + +&#x200B; + +>On a year-over-year basis, total mortgage delinquencies increased for all loans outstanding. The delinquency rate increased by 141 basis points for conventional loans, increased 498 basis points for FHA loans, and increased 297 basis points for VA loans.The delinquency rate includes loans that are at least one payment past due but does not include loans in the process of foreclosure. The percentage of loans on which foreclosure actions were started in the first quarter rose by 1 basis point to 0.04 percent. The percentage of loans in the foreclosure process at the end of the first quarter was 0.54 percent, down 2 basis points from the fourth quarter of 2020 and 19 basis points from one year ago. This is the lowest foreclosure inventory rate since the first quarter of 1982.The seriously delinquent rate, the percentage of loans that are 90 days or more past due or in the process of foreclosure, was 4.70 percent. It decreased by 33 basis points from last quarter and increased by 303 basis points from last year. From the previous quarter, the seriously delinquent rate decreased 34 basis points for conventional loans, decreased 19 basis points for FHA loans, and decreased 37 basis points for VA loans. Compared to a year ago, the seriously delinquent rate increased by 205 basis points for conventional loans, increased 771 basis points for FHA loans, and increased 379 basis points for VA loans. + +**Then there are those still in or coming out of forbearance with the likely expiration and non-renewal of these Covid rules at the end of the month:** + +[The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 2 basis points from 4.18% of servicers' portfolio volume in the prior week to 4.16% as of May 30, 2021. According to MBA's estimate, 2.1 million homeowners are in forbearance plans.](https://www.mba.org/2021-press-releases/june/share-of-mortgage-loans-in-forbearance-slightly-decreases-to-416-percent) + +https://preview.redd.it/1hp4jrdbyd971.png?width=1169&format=png&auto=webp&s=33d5b84e2ff464c95a84049f5887674a1bc3f224 + +&#x200B; + +While it is great to see people come out of forbearance, if I am reading the numbers correctly, more than half of folks coming out are still going to have amounts that still need to be paid back. Budgets are already stretched tight, wage growth is decreasing, and inflation is making everything else more expensive. + +So, the central-bank asset purchases that continue chugging along [($120 billion per month](https://www.wsj.com/articles/central-bank-will-begin-reducing-bond-purchases-well-before-raising-interest-rates-powell-says-11618421656)) continue to help directly inflate this bubble! The music on inflating home prices is going to stop! + +This brings me back to a comment from earlier this week I made in the RRP’s post: + +>Inflation is blowing up as they have a full-blown liquidity crisis on their hands! +> +>The Fed has backed themselves & the banks in a corner after letting the printer run brrrrr. High Reverse Repo Purchase usage signals that the banks simply don't have the balance sheets to accept the excess reserves. Even accounting for end-of-quarter use spiking, $991.939 billion to 90 participants is absolutely bonkers!!! +> +>Thus, they are forced to park them right back with the Fed using the [Overnight Reverse Repo Purchase and 0.05% lending](https://apps.newyorkfed.org/markets/autorates/temp). +> +>This has created a dangerous game of chicken in the market. Currently, the liquidity in the market is entirely artificial because of the aforementioned brrrrr. If the Fed lets up the slightest bit on the central-bank asset purchases [($120 billion per month currently](https://www.wsj.com/articles/central-bank-will-begin-reducing-bond-purchases-well-before-raising-interest-rates-powell-says-11618421656)), it could shut down the entire game. However, if JPow keeps letting the printer run, he risks hyperinflation and [further cracks in support from his members](https://web.archive.org/web/20210630081637/https:/www.nytimes.com/2021/06/30/business/economy/inflation-federal-reserve.html). +> +>It's turned into either no more liquidity for anyone or so much liquidity that the value of USD becomes near worthless and we see [Weimar Republic levels of hyperinflation.](https://en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_Republic) +> +>For GME, I believe the thought is that no liquidity means institutions will have to sell off other assets to increase their capital supply. This will continue until they can no longer increase their capital supply to meet margin requirements. +> +>When/if institutions cannot meet their margin requirements (aka prove liquidity to be able to cover positions), DTCC will forcibly close all of their positions and MOASS takes flight + +**This is the game of chicken the Fed is caught up in—demand for housing (as we covered above) is going down, supply is increasing, yet prices continue to inflate—I believe this is in large part because of the $120 billion per month central bank MBS is allowing prices to continue to increase and build this bubble!** + +Let’s revisit the rate of inflation from my first post. The [CPI report](https://www.reddit.com/r/Superstonk/comments/nwodvj/the_consumer_price_index_climbed_06_from_the/) had inflation at 5% and we reviewed ICE BofA Single-B US High Yield Index Effective Yield @ 4.47% -.53% adjusted for inflation (Highly Speculative) and ICE BofA CCC & Lower US High Yield Index Effective Yield @ 6.83% 1.83% adjusted for inflation (“extremely speculative” to “default is imminent with little prospect for recovery”). + +Annualizing the Personal Consumption Expenditures, excluding food and energy (PCE), again the *most conservative* inflation number the government offers, from the BEA report the other day, inflation is at 6.4%--inflation is at least 28% higher than the first time we examined this at 5%!!! + +Looking at the bonds again, adjusted for inflation, things are worse! + +[ ICE BofA Single-B US High Yield Index Effective Yield @ 4.44&#37; -1.93&#37; adjusted for PCE inflation \(Highly Speculative\) ](https://preview.redd.it/2zrpzjetyd971.png?width=1468&format=png&auto=webp&s=9afed52a1cd40a63a9fb923cf8953c2559a15d48) + +[ ICE BofA CCC & Lower US High Yield Index Effective Yield @ 6.60&#37; .2&#37; adjusted for inflation \(“extremely speculative” to “default is imminent with little prospect for recovery”\) ](https://preview.redd.it/m0nc740uyd971.png?width=1463&format=png&auto=webp&s=4ef8591e2dc1146b2e6d241184a0178f6299e362) + +Can we let that sink in again for a moment? To get any sort of positive yield an investor must expose themselves to bonds rated **“extremely speculative” to “default is imminent with little prospect for recovery”.** If they invest in the Single-B ‘**Highly Speculative’** they lose principal capital to inflation! + +Remember, they can’t just sit on this cash as the dollar is losing buying power (as we have covered before), the cash would get eaten by inflation, and it is a liability for them—since they must pay interest on client cash. (This is where having *too much* cash is considered a liquidity crisis! There isn’t enough good debt to place it in!). No wonder the Reverse Repo Markets are so heavily used! + +Before we go any further, let’s do some quick level setting on bonds and their risk descriptions: + +[ How the Credit Rating Agencies Classify Corporate Bonds and Loans by Credit Risk or the Risk of Default.](https://preview.redd.it/5pbdgumczd971.png?width=839&format=png&auto=webp&s=032247d092bcbcc01e6b348857e2c16839955c33) + +[Any excuse to use this clip again makes my day... ](https://reddit.com/link/oe6i3l/video/gt4rvt8gzd971/player) + +Again, JPow believes this inflation is transitory and will drop back down to 2%. The Fed has been 2 steps behind on inflation and I think they are severely underplaying a new wild dynamic in this inflation madness—people and businesses are willing to pay these [increased prices](https://www.reddit.com/r/Superstonk/comments/o59uyb/no_inflation_my_waffle_house_has_had_to_print_new/)! + +We have looked extensively at the record median prices in homes, but let’s consider cars for a minute. This is why I think the inflation game has changed! According to data from the [Bureau of Economic Analysis](https://apps.bea.gov/iTable/iTable.cfm?1921=underlying&isuri=1&reqid=19&step=2#1921=underlying&isuri=1&reqid=19&step=2) June sales for autos fell to 1.30 million vehicles, down 14.2% from June 2019, after a strong March, April, and May. + +Vehicle sales picture + +The Seasonally Adjusted Annual Rate (SAAR) of sales,(takes the number of selling days and other seasonal factors into account and then annualizes the result), vehicle sales look: + +June: 15.4 million SAAR, -9.5% from June 2019; the lowest for any month since January 2014. + +May: 17.0 million SAAR, -1.0% from May 2019. + +April: 18.6 million SAAR, the highest total for any month in 16 years, +7.4% from April 2019. + +March: 17.9 million SAAR, +7.9% from March 2019. + +Carmakers and dealers are making money hand over fist though! Dealers by and large don’t produce ‘economy’ cars and trucks anymore. Everything is has shifted to high profit-margin vehicles—for example, Ford (except for the Mustang) doesn’t produce cars anymore! + +Because of this and shifting to have ‘on-demand' inventories, the average transaction price for cars is at record highs, so is average gross profits per unit—the average transaction price (ATP) of new vehicles in June jumped 14.9% from a year ago, to $40,206, a [joint forecast from J.D. Power and LMC Automotive](https://www.businesswire.com/news/home/20210625005063/en/J.D.-Power-and-LMC-Automotive-U.S.-Automotive-Forecast-for-June-2021)—a record surge, + +>The combination of strong retail volumes and higher prices means that consumers are on track to spend $45.6 billion on new vehicles this month, the highest on record for the month of June. Consumer expenditures on new vehicles are expected to reach a Q2 record of $149.7 billion, up 60.7% from 2020 and up 27.9% from 2019. +> +>Total retailer profit per unit, inclusive of grosses and finance & insurance income, is on pace to reach an all-time high of $3,908, an increase of $2,061 from a year ago. Grosses have been above $2,000 for 11 of the past 12 months. Coupled with the strong retail sales pace, total aggregate retailer profits from new-vehicle sales will be $4.4 billion, the highest ever for the month of June and up an astounding 175% from June 2019. +> +>The combination of strong retail volumes and higher prices means that consumer expenditures on new vehicles are expected to reach a first-half record of $270.8 billion, up 47.8% from 2020 and up 24.7% from 2019. +> +>Retailer profits from new-vehicle sales will reach first-half record levels on both, a per unit, and total basis. Profit per unit for the first half of 2021 will reach $2,844, up $1,310 from the same period in 2020 and up $1,457 from 2019, while total profits will reach $20.2 billion, up $12.1 billion from 2020 and up $11.2 billion from 2019. + +The trade-in market is also nuts! [The chip shortage](https://www.detroitnews.com/story/business/autos/ford/2021/07/02/ford-sales-fall-27-june-lingering-chip-shortage/7839245002/) and covid have set the secondary market on fire. Normally, it is tempered through rental car companies and the like offloading their fleets. Covid has thrown a huge wrench into that, and add in the chip shortage in new vehicles, has led to what I believe is **the fairy dust on this inflation fire**, reports of low-mileage used vehicles costing more than the new model would cost if it were available. + +**(timeout, I do hope RC and the GameStop team are reading up on how Toyota is killing this chip shortage since they had this sort of risk already identified in their Business Continuity Plan because of what happened with Fukushima in 2011!)** + +A study by [iSeeCars](https://www.iseecars.com/used-cars-cost-more-than-new-study), which combed through over 470,000 new vehicles and “lightly used” 2019 and 2020 model-year vehicles, found that the gap between new and slightly used had “drastically narrowed” across the board, and it found that 16 hot models were selling for more money as used vehicles than their equivalent new versions, that were not in stock. + +On top of this list is the Kia Telluride, it would sell for $44,166 as new vehicle sold for $47,730 as a slightly used vehicle. The first six on the list were either pickups (GMC Sierra 1500, Toyota Tacoma, Toyota Tundra) or SUVs (Telluride, Mercedes-Benz G-Class, Toyota RAV4 Hybrid). + +**Rather than haggle till they get the price down, or just not buy as they had done for a couple of years of the Great Recession, consumers are buying are paying whatever it takes to get a new or used vehicle or new or used home as their whole mindset about inflation has changed!** + +[The brakes on inflation have been cut! This beast is going to keep running! ](https://preview.redd.it/75z9o0bf0e971.png?width=600&format=png&auto=webp&s=be0146e852127aa6467848a5b4a3d31189834415) + +OK, so to try and wrap this up again: + +· More cash is going to continue to pour in that needs to be placed. + +· Inflation is going to make it impossible to earn positive rates on assets after being adjusted for inflation on anything but “extremely speculative” to “default is imminent with little prospect for recovery” risks. + +· Cash can be stashed with the Fed @ 0.05% currently + +· Previous collateral (zombie CMBS as an example) is considered junk and may be losing value due to being mistakenly rated/valued to begin, with yield rates, which had been used to secure the balance sheet now also being eaten by inflation. ([Washington Prime Group and certain of its subsidiaries filed for Chapter 11 bankruptcy protection since the last time](https://investor.washingtonprime.com/investor-relations/news-and-views/news/news-details/2021/Washington-Prime-Group-Commences-Voluntary-Chapter-11-Financial-Restructuring-with-RSA-Supported-by-Over-70-of-Holders-of-Secured-and-Unsecured-Corporate-Debt/default.aspx)) + +· Their cash can’t be used as collateral because it is a liability, and even if used, will suffer a loss of value from inflation. + +Opinion: Because of inflation, the shorts are going to drown in their cash. There is no place for it to go to earn a positive yield greater than what inflation will eat, or should be acceptable for the level of risk of default. + +With nowhere to park this cash to generate positive yields and while having to contend with balance sheets that are having assets eaten away, participants will continue to use the Reverse Repo to buy time until: + +Being down in real terms because of inflation is something that **cannot be made back up** to service the debt and will weigh on balance sheets as they try to protect from margin calls. + +Their existing collateral on the balance sheet can get re-rated lower, re-appraised lower, or just eaten by inflation to the point even what they are borrowing in treasuries can’t meet the requirements to hold off a margin call. + +They hit the 80 billion Reverse Repo limit because of nowhere else to place cash, are tapped out on treasuries, and no longer able to post acceptable collateral to meet their margin requirements. + +# Finally, GameStop now faces inflation concerns because of that fat stack of cash they have ready to deploy! + +I am sure RC and company have plans to deploy that capital in ways that will earn more than the rate of inflation, but I would like to propose they consider setting at least 1% of that cash aside to hedge the company against inflation moving forward to invest in b I t c o I n and e t h e r e u m. + +I know this investment suggestion is probably controversial! However, I've been in crypto longer than GameStop (and DFV has been in GameStop), and it was understanding these fundamentals that helped make his explanations and some of the DD here click for me to ape into GameStop when I learned about it. + +I am happy to touch on these subjects in the comments further (but I do want to keep this on the topic as much as possible and try and wrap up), but in short, I believe in [PlanB’s Stock-to-Flow](https://twitter.com/100trillionUSD) hypothesis on b I t c o I n. + +I think GameStop could benefit some cash to this asset that cannot be inflated away, and as Elon proved, can be turned from cash-b I t c o I n-cash instantly. + +More importantly, though, I think the company should allocate a portion of that to staking e t h e r e u m and offering the ability to stake to GameStop’s user base. + +In the future, I believe GME values decentralization of ownership of our digital assets, which is why we should buy and mint NFT’s on GameStop’s Blockchain. + +For the less blockchain familiar GameStop users, I think GameStop should open up the protocol to allow ETH2 staking with GME? Empower the players to secure the metaverse? + +For the balance sheet though, if you're staking on E t h e r e u m 2.0, E t h e r e u m 's parallel PoS network, your operations are earning you a roughly 8% annual percentage return (APR). T**his number is higher than the rate of inflation that we covered as well! Yes, E t h e r e u m fluctuates in price, but as we covered above, staking will also further secure and make the network stronger, which in turn does the same for the metaverse!** + +EIP-1559 is in flight. What this means is that net "issuance" of new coins minted is going to be dramatically lowered. To put it in perspective, the issuance rate right now is 4.5% per year, the estimates for the issuance rate after EIP 1559 is implemented are .5 - 1%. Why does this matter? + +So b I t c o in issuance halves every 4 years right? (this is what makes the stock-to-flow model tick) Well, an issuance drop from 4.5% is the equivalent of 3 halvenings happening at one time. (4.5 cut in half to 2.25 again to 1.125 and again to .56). E t h e r e u m is already at a multi-year low supply on exchanges, once this happens E t h e r e u m will become more instantly scarce. People have dubbed this the "Cliffening". + +**I believe this increasingly scarce asset that will also secure the metaverse would be a great place to place cash to avoid inflation!** + +EDIT 1: Many in the comments are viewing the crypto turn to fight inflation as me turning to shilling crypto. My response to that is: + +[Again, I understand that RC and company are going to be deploying a lot of that war chest but how do we best protect the cash war chest in the interim?!?! ](https://preview.redd.it/53wm6muddf971.png?width=826&format=png&auto=webp&s=68e07ffe18433ea474db230136b470bf1c3fbb70) + +[Elon has done it and seen this technique make his company more money than they have by actually selling cars? RC and GameStop bring the metaverse fire! ](https://preview.redd.it/8kfhlvl4tf971.jpg?width=375&format=pjpg&auto=webp&s=5df969267ceae2f21223f6e19cbb4bed2222c4d5) + +Edit 2: The E t h e r e u m London hard fork (which includes EIP-1559) has been confirmed for block 12965000 on August 4th 👀 + +TL:DR – I believe inflation is the match that has been lit that will light the fuse of our rocket. +We recently had a yard sale and my wife sold a bunch of plants that she started as cuttings from her existing plants. We made $240 in a morning with most of it coming from the plants. Takes time and energy to grow them, but during the warm months it could yield a bit of cash. +I have been putting away money into the stock market for the last year and a half and so far I've been pretty happy with the results. I was thinking about getting into crypto as well a year ago and was told it isn't a good idea and it's all speculation and is a trend that will die off. What are your guys thoughts? I never pulled the pin, but I'd also kick myself in the ass if I never got into it and made money. Ben Felix on YouTube flat out said he will not put his money into crypto. +Going to keep this short because I've already been on Superstonk too long today and it's only 11am + +#Major Edit + +Unfortunately this seems to be debunked by /u/roderrabbit he found the mistake in my thinking when I accidentally compared two different Goldman documents together. What remains true is GOLDMAN SACHS BANK USA (and pretty much every other bank) is extremely overleveraged on derivatives. GOLDMAN SACHS BANK USA is 135:1 ratio. Also, GLCO is an excellent example of what a stock might do if it's shorted 27x it's current float. It's at the bottom of this. + +* https://www.goldmansachs.com/investor-relations/financials/subsidiary-financial-info/gsi/2021/03-31-21-financial-information.pdf - Goldman Sachs International (unlimited company) + +* https://www.occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr1-2021.pdf - GOLDMAN SACHS BANK USA + +Let this be a lesson in humility I suppose. The DD should never stop and the counter DD should never stop. Apologies for the mistake! I could delete this but I think it serves a good lesson on how everyone should (in a constructive way) continue to critique whatever makes it to the front page. + + +>! credit to https://www.reddit.com/r/Superstonk/comments/nsioql/the_complete_bank_of_america_gamestop_dd/ + +>!https://www.reddit.com/r/Superstonk/comments/pqqsz6/goldman_is_a_swapsfutures_counterparty_theory_why/ + +>!Boa has been blowing up in this sub lately and the only thing I see people talking about is how BOA is holding citadel's 57b$ bag. Well as of September of this year, BOA's derivatives have dropped from 57b to 18b. Why is that? + +>![As of December 2020, BOA's holding Citadels' 57billion dollar bag of shit.](https://preview.redd.it/81qoys0o3c371.png?width=1849&format=png&auto=webp&s=59f520ffac6c99438bdc71bea8828f316bbe5dae) + +>![In Dec 2020, Goldman held 7.8 billion in derivatives and in March 2021 they held 13.2 billion] (https://i.imgur.com/7Wnmy1L.png) + +>!edit: fixed the decimal error. + +>![Goldman's total net assets as of March 2021](https://imgur.com/aQx6fqw) 37,000,000,000$ (37B) + +>!Now this is where things get interesting per the Goldman swap DD. + +>![As of September 2021 In this picture we see Goldman's derivatives vs their assets at a 135:1 ratio. Their derivatives position increased by a whopping ~~34.4 BILLION~~ 46.6 TRILLION and their assets decreased by 810 billion. Their total **net asset is now -46,643,574,000,000** negative 46 trillion](https://preview.redd.it/6rb2d25orao71.png?width=960&format=png&auto=webp&s=196b34b29eddb82bdf994c6fbdfd783753fc4790) + +>!Per the Goldman DD at the top of this post is basically says, in the event of a member X default, member Y may take on member X's default and transfer everything over to member Y. It pretty much prevents the member who is defaulting from going insolvent immediately. The default must still be pay IN FULL and that responsibility is now on member Y. [source](https://preview.redd.it/qhidet4yrao71.png?width=807&format=png&auto=webp&s=cbca96ca01843f9732c1b3f6db3a9c28c121fa05) + +>![So what is BOA's derivative value at now?](https://imgur.com/V3yvmtQ) ~~18.5b~~ 18.5 TRILLION down from 57b a difference of 38.8 billion. ~~AKA the value of Citadel+some other fuckery that cost them 4.8 billion dollars~~ + +>!#So what does this mean? (Speculation included) + +>!Remember that billionaire who came on TV and said it January was the scariest moment of his entire life? If the brokers couldn't pay out then the banks would have to pay out and if they couldn't then the clearing house would have to payout all the way up until every last share was closed. **We're at the clearing house stage already.** + +>!The clearing house consist of JP, BOA, Goldman & Citibank. Per their rules of default, if one member defaults, another may pick up the tab and so on and so forth until the default is paid in full. + +>!How did you all think this would happen? GME would spike up to MOASS levels and there would be instantaneous bankruptcies of brokers/banks/clearing houses? Mass chaos in the media as everyone scrambles to know which banks are going to burn? Nah, we're seeing how it is playing out now. They're doing it all behind the scenes. Notice that in the last screenshot, BOA's assets are not 0. They're basically passing the bill to each other and taking out lumps of it and til it can be paid in full. Their plan is to avoid default on any one company because they're all too big to fall so they're distributing the debt amongst themselves behind closed doors. Goldman is now leveraged at a 135:1 ratio. Merrill Lynch was only leveraged at 35:1 when they were bought out. + +>!**edit** 4x ish as leveraged as ML ty for pointing it out. + +>! ~~One hundred~~ times as leveraged as Merrill in 2009. Insane. + +>!The good news is we can verify this by October 27th if BOA is listed as a defaulter on the clearing house website which is posted publicly. [source](https://preview.redd.it/qhidet4yrao71.png?width=807&format=png&auto=webp&s=cbca96ca01843f9732c1b3f6db3a9c28c121fa05) First sentence. + +>!It's very likely the Government has already stepped in and agreed to let Citadel fall and the past 6 months has just been getting all the ducks in order for the MOASS to occur in a controlled manner. + +>!#TL;DR: + +>!I think BOA has already defaulted on citadel's bag and the bag was passed to Goldman per the clearing house rules. Goldman is now holding the bag and is leveraged at 135:1 ratio. + +>!edit: + +#Why is Yahoo censoring GLCO's chart? + +For those of you who don't know, GLCO was probably one of the first cases of naked shorting a company beyond the float. + +https://imgur.com/a/gjm8YKS + +Yahoo won't show me the chart before 2008 where it spiked 17,500% in July of 2000. We know Yahoo is owned by Apollo and this just confirms my suspicion that they're fucked. >! + +edit: good DD on GLCO from months ago https://www.reddit.com/r/Superstonk/comments/mysmt2/the_shell_game_part_iii5_the_glco_case/?utm_medium=android_app&utm_source=share +I know this also was a topic a few days ago, but i think it is relevent due to the (so it seems) ever dropping price. + +Right now it doesn’t really look good for AT&T with the stockprice at below $27 (at the moment of writing). + +Will it bounce back up to $30+ or will the stock bleed out eventually? + +Curious to what reasons you guys have for holding the stock and buying more of it! +Blocknumber 4.37 million, October 17th, Metropolis release. And some weeks after there is Devcon3! Expect lots and lots of hype, the media machine will go in overdrive again. + +I was there in march 2016 whith the hype around Homestead, it was enormous. I can't wait for the Metropolis hype to start. Many people think nothing will happen because of the recent big gains, but I think we will most likely be at around 1500$ a week after Metropolis goes live. Yes it seems unreal but when this thing breaks out above 'all time high' there is no way back and this thing will simply go straight up with nobody wanting to sell :) + +See below the latest Core Dev Meeting in which they talk about the Metropolis release date. + +https://www.youtube.com/watch?v=gxtftZB7_jA + +&#x200B; + +[Banner Submission by: u\/Oskar\_Potocki ](https://preview.redd.it/jroau0fm5rw61.png?width=1164&format=png&auto=webp&s=bb76030792940c943c4dc41fabae8ffa29678b8c) + +# Good Morning Superstonk!! + +Hope y'all had a happy weekend!! + +It's finally Monday again!! + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +&#x200B; + +[I heart Monday mornings](https://preview.redd.it/kq53bg3ibrw61.jpg?width=817&format=pjpg&auto=webp&s=567c785dd7f2953a13d275874cbdfba22c815ded) + +# 🚨Breaking News🚨[Gamestop announces expansion of 700,000 sq. ft. fulfilment center🚨](https://news.gamestop.com/news-releases/news-release-details/gamestop-expands-fulfillment-network-new-facility-york) + +This just in... Gamestop needs more room for cool stuff. + +&#x200B; + +Gamestop announced today the expansion of its North American fulfilment network through its entry into a lease of a 700,000 sq ft fulfilment center in York, PA. This expansion will position Gamestop to grow product offerings and expedite shipping along the East Coast. + +# But wait.. there's more! GME is [DEBT FREEE!](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-completes-voluntary-early-redemption-senior-notes) + +# BULLISH AF!! 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Top Story: The US House Committee on Financial Services Hearing Date set for Thursday May 6, 2021 at 12:00 Eastern + +## Title: Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide, Part III + +**The Financial Services committee announced they will be holding** [**Part 3 of their Gamestop hearings**](https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=407748) **this Thursday.** + +&#x200B; + +[That witness list 👀](https://preview.redd.it/ugsvu551erw61.png?width=640&format=png&auto=webp&s=5dfb8917f9fcbac19fb13832b0cfe67e9a3c138e) + +Check out the witness panel. Not only are we hearing from the new SEC man himself, [Gary Gensler](https://www.investopedia.com/who-is-gary-gensler-5095448), but we are going to hear from the [DTCC](https://www.investopedia.com/terms/d/dtcc.asp) and [FINRA](https://www.investopedia.com/terms/f/finra.asp) as well. That's it- that's all the key players sitting at one table. Talk about a high stakes poker game. Whose bluff will show first? + +To be clear, I personally am not expecting ground breaking results from this hearing. I don't usually enjoy partaking in such political theater but I am obviously invested in this topic in multiple ways and I look forward to the relevant entities finally at least having to speak for themselves. I wait with bated breath to be proven wrong 🙃. + +[Prove me wrong](https://preview.redd.it/ejdoet43hrw61.jpg?width=950&format=pjpg&auto=webp&s=1fe0c4a48c4f51cfc2f1acad8c870ae883e44bfe) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 📣AMA News- Our next AMA guest announced: Dave Lauer, Market Structure and High Frequency Trading Expert and former Citadel Employee + +**AMA to be live streamed on the Non-Monetized** [**Superstonk Live YouTube channel**](https://youtu.be/fGVY2Kco8ng) **this Wednesday, May 5th, 2021 at 3pm Eastern** + +Superstonk Live is on fire and we thought, why not strike while the iron is hot and get another wrinkly brain to come join us? But we didn't get just anyone. We got Dave Lauer. + +As a former Citadel employee, Dave's expertise is in market microstructure. Dr T. understands everything that happens after the trade takes place, and he understands everything that happens on the other side - how orders are handled by retail and institutional brokers, how they are routed through the complex set of pipes and markets, how high-frequency trading firms trade on and off-exchange. He can talk about dark pools and internalization systems, and he can talk about market regulation and rules. + +And this AMA will be hosted by our very own u/Jsmar18! Here's a little note from J: + +*Hey guys! Jsmar18 here, and I'm the lucky primate who'll be hosting the next* r/Superstonk *AMA with Dave Lauer, otherwise known as* u/dlauer\*.\* + +*Who am I? I'm a recent addition to the Mod team and write DD with a focus on HFT, market structure and a sprinkle of exchanges to help us apes peel the ever so complex onion that is the US stock market.* + +*I look forward to reading through and compiling the many questions you have for Dave, given his wide reaching experience in the industry. This is going to be one awesome session that you cannot miss!* + +[Dave Lauer, Former High Frequency Trader and Exchange Expert](https://preview.redd.it/fe2vaszc8tw61.png?width=400&format=png&auto=webp&s=827c502a2c680bd78c9579012a13d0049e360e1f) + +[**AMA post is now live! Submit your questions now!!**](https://www.reddit.com/r/Superstonk/comments/n3o6ng/official_ama_dave_lauer_may_5_2021_300_pm_edt/?utm_source=share&utm_medium=web2x&context=3) + +***Note that Mr. Lauer will obviously not be able to answer any sensitive questions directly concerning any of his previous employers or their practices and strategies.*** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +**We've had a lot of questions about how to vote, where to vote, and what investors are voting for. Here with an article on Proxy Voting is** u/Bye_Triangle\*\*:\*\* + +# Proxy Voting and you! + +DEMOCRACY! + +Last week, as many of you know already, GameStop released their Proxy materials. If you are not yet 100% on what that exactly means that's okay, I got you. Essentially, these Proxy Materials lay out what we will be voting on and why, when it comes time. Now, some of you have already gotten the chance to vote, and that is awesome. + +For those that haven't gotten the opportunity yet, your time will come. I personally am still waiting on my turn, do not worry if you are still waiting. If you aren't sure if you will be able to vote... + +**CONTACT YOUR BROKER, THEY ARE THE ONLY ONES WHO WILL BE ABLE TO ASSIST YOU BASED ON YOUR EXACT CIRCUMSTANCES!!!!** + +It is extremely important that you aren't just taking advice on this from the subreddit, every broker has slightly different ways of doing things, and in this subreddit there are people from all over the world, using brokers with all sorts of different rules under all sorts of different legal systems. So I reiterate: + +CONTACT YOUR BROKER IF YOU HAVE ANY QUESTIONS OR CONCERNS ABOUT YOUR VOTE!!!! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +So, with that out of the way, we thought it may be important to touch on the process of voting again, this vote is incredibly important and could determine the future of GameStop as a company... Squeeze or no, it should be regarded as a priority for you to take the time to make your voice heard. You have invested time and money into this company and it would be a waste to not vote if you can. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Steps to Voting:** + +1. HAVE YOUR CONTROL NUMBER + +Obtained from your broker, not to be shared with anyone. This number should be confidential. + +2. INPUT THAT CONTROL NUMBER THROUGH OFFICIAL CHANNELS ONLY (THROUGH THE GAMESTOP CORPORATE SITE OR LINKS FROM YOUR BROKER). + +Do not input your control number unless you are 100% sure that the site is legit. + +3. UNDERSTAND WHO AND WHAT YOU ARE VOTING FOR. + +Take a moment to see what the board recommends you vote for if you are unsure. This community can not tell you how to vote, only you can decide that. + +4. SUBMIT YOUR BALLOT. + +5. SHARE WITH EVERYONE HOW PROUD YOU ARE TO HAVE VOTED. + +&#x200B; + +Gamestop's Board of Directors is urging everyone to vote as soon as possible. Many speculate that there may be some short-seller-related fuckery with the votes given how badly they are likely hurting right now. With the untold number of borrowed shares and phantom shares flying around it certainly seems possible we may see a substantial number of over-votes (votes that exceed the total number of existing shares). It is unclear exactly how this will be handled if it does come to fruition, so it is best you vote the moment you are able. + +[Vote!](https://preview.redd.it/7yz2km11asw61.png?width=842&format=png&auto=webp&s=430dc7bb4efe76f901437708f04b5a2e3411b1a3) + +[Here's what Queen Kong herself](https://www.reddit.com/r/Superstonk/comments/n1e9t8/why_voting_is_so_important_from_the_ama_with/?utm_source=share&utm_medium=web2x&context=3), aka Dr. T has to say about the importance of exercising your right to vote in corporate elections. + +# Back to you, u/PinkcatsonAcid! 🐈 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Melvin Capital Management Amends 13F Form to Request Confidential Filings of Ownership + +Ol' Melvin really doesn't want you to know what they've been up to in the last quarter, apparently. Melvin has [filed an amendment](https://sec.report/Document/0000905718-21-000618/?__cf_chl_jschl_tk__=f15912655208b042e33d89452f68c9fe4e54e7ac-1619984995-0-AW8PakhNpSqVR-2DDXzBIevxTp3jPNn3bwDdAYTTWMN8kemfjMxZ81waJLqReBr8hkKKdpu-dodn1rAVDb0p4jGTQggKCq1WXAvc2LjyM6W231blc46HkXo1hVLM3gsWEMJlM7e4-3Z-aVgZxeKvYAJ-GOVlJzsqNvfLCVPW8u14iaXgFj3oJY85gcp6qx46cNqU9HUlZ1ca30yStap2ElyY4hRiT8CG9nFu2h9FaWUm7iUYabSaCEcm2mvyTLyFXtRI-kaBtjzc6tUJKeDpp6iVpUAeGLUD6_FlhEDNYvgIAdvbwB_NwfFT6IkT7YYbnRv6o9aqRowsxbCGXk3z3wvGS9ifwi4ETELUM33nPlWGQHVI_4MJiSeL-DQH4-BQnfmEFuvRuXTjwjRZ9gw4Ne0ZTMfD9RGMo5MAf0FNEaZXKwlLpqCr4YUe-73Iz43CipMfH2j1uUssS7QLDgzFAqVlRxUuDpQRHcCo9KqOQTC6zYkhHosHVUTWZYlqeKYZxg) to their 13F form with the SEC in order to be able to keep certain holdings of theirs private and their positions reported separately, confidentially, and directly to the SEC. Why does this matter? Well Melvin isn't proving those gains they claimed earlier this year... + +"Yeah I have a girlfriend"- Melvin, [claiming 22% gains in February](https://markets.businessinsider.com/news/stocks/gabe-plotkin-melvin-capital-gained-february-gamestop-saga-2021-3-1030149610). + +"Oh yeah? Show us a picture!"- [SEC wanting their 13F form](https://www.investopedia.com/terms/f/form-13f.asp). + +"Oh, uh.... you wouldn't know her. She goes to a different school."- [Melvin wanting confidentiality on their 13F](https://www.reddit.com/r/Superstonk/comments/n30yz1/looks_like_melvin_has_something_to_hide_they/?utm_source=share&utm_medium=web2x&context=3). + +That's basically what just happened. + +&#x200B; + +[Who knows what they actually hold ](https://preview.redd.it/emfkadrvjrw61.jpg?width=996&format=pjpg&auto=webp&s=61c6d9103de520dcb71d3a29018d052456c0a889) + +[Here's an interesting DD](https://www.reddit.com/r/Superstonk/comments/n090ge/what_exactly_happened_with_melvin_capital/?utm_source=share&utm_medium=web2x&context=3) that dives into Melvin's magical numbers. 🦄🦄🦄🦄 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# FUD, Shills and Bots, Oh My!! + +We've been talking about auto-mod and the heightened karma requirements to interact on the sub. I also have seen a lot of you commenting on how pleasant it is to peruse the sub now, and you have all gotten your spidey sense for shills fine tuned, I'm so proud of you! 🥰 + +Really, I want to speak to that for a minute. Because I realize, 6 months ago, I would have thought someone was nuts for speaking about/like this. But we are in the middle of some of the greatest [psychological warfare](https://en.wikipedia.org/wiki/Psychological_warfare) in human history right here in this very sub. You know that, I know that. And this is just your reminder that *you're not crazy and this is not normal.* + +I have been screenshotting the senseless harassment and strange confrontations that go beyond just internet trolling since January. I've had hate posts about me way before becoming a mod, and I know many of you have too. Does that make sense to you? I'm literally an anonymous pink cat in an internet forum, up until recently just posting stupid memes and such... why are there petitions to have me put in *jail*? + +Because this is ***big***. Dr. T has said it herself. **THEY ARE SPENDING** ***A LOT*** **OF MONEY TO KEEP US QUIET.** + +Y'all know the vibe of the sub by now. The transparency, the camaraderie, the brilliant & respectful discussion, the overall understanding of the rules of the sub and trust of each other and the mod team (which we appreciate and don't take lightly!) all of these things are what makes this sub like the City of Athens. We are a thriving community with a strong wall to protect the brilliant minds and civil discourse inside so that knowledge and information can grow. We have to hold the wall so that we can nurture the city. (This is in the essence of the words of our mod u/StonkU2 🤜🤛) + +So when you see something that *doesn't* vibe, and you file a legitimate report against a user, you are contributing to keeping this Great City free of the propaganda that they want to litter our streets with. Mods are not here to control the sub. We are the police. The watchmen. And you can be sure that the watchmen are watching their fellow watchmen. 🧐 + +Which brings me to [this statement](https://www.reddit.com/r/Superstonk/comments/n3l8my/weekend_update_housekeeping/?utm_source=share&utm_medium=web2x&context=3) from our mod, u/redchessqueen99. It describes in detail the **unanimous** decision to remove one of our mods. I don't want to dwell on this, and I will not be making any statements about this. Red has spoken for the entire mod team after much deliberation and conversation. Again, this is a unanimous decision and we stand as a team. YOUR mod team. Our motto is and always will be, ape first, mod second. + +Edit: more details on the mod removal can be found [here in u/rensole's comment](https://www.reddit.com/r/Superstonk/comments/n3l8my/weekend_update_housekeeping/gwsc6c1?utm_source=share&utm_medium=web2x&context=3) + +When y'all tag me in a sus post, I respond as quickly as possible. I screenshot everything, our whole mod team does. We keep receipts for absolutely any mod action we take because we realize the responsibility here. This isn't a regular sub. This is the greatest sub on reddit. 💖💎🙌🚀 + +I strongly encourage you to continue to report legitimately suspicious activity. I see you 👀 out in the wild, expertly picking out shills from the bushes and defending the integrity of this community. It's like every week this sub and its members level up... and we are getting thrillingly close to the Master Sword here. Keep up the good work! Remember- it's hard to know you're reading history when you're the one writing it. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +&#x200B; + +[ ](https://preview.redd.it/bjg7zb84ltw61.png?width=554&format=png&auto=webp&s=e56affd43719551fdd04d4fdaa79f38ced49e8a0) + +**Be excellent to each other!!!** + +Be friendly, help others! + +We are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes.** + +**This helps us weed out the shills really fast, because if everyone is helpful, the ones who aren't stand out.** + +Remember the fundamentals of this company. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can. + +&#x200B; + +[I got time 💎🙌](https://preview.redd.it/zx2psvmaptw61.jpg?width=596&format=pjpg&auto=webp&s=abc5d91d19f463525786bd54008a0b16fe15308d) + +&#x200B; + +**Links to socials:** + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) +Hello Apes- B\_T here, I'm coming to you today with an update about the community banner! + +I've been keeping an eye out on the submissions for the contest, Though... unfortunately, there haven't been many, we've only had 11 people sign up😅. ***BUUUUUUUuuuuuut*** I wanted to bring to everyone an idea that I LOVED that was thrown around the sub this weekend: + +The r/Place event was a really great effort by our community and really just so much fun. Some have suggested cutting the banner contest altogether in favor of making the top part of our r/place poster the subreddit banner. I think this idea is fucking awesome: + +https://preview.redd.it/gskoox2fsxr81.png?width=1652&format=png&auto=webp&s=5ca50090248da959bb8b273f9df7e248ac299286 + +I really like the r/place banner being adopted for the sub. For one, I think it's hugely symbolic of what the apes can do when they work together towards a common, clear goal. This banner perfectly encapsulates "Apes together strong". Not only that, instead of the banner being made by only one ape, it's a banner made by our whole community's joint efforts, which I feel is so very fitting. In preparation for this post, I have prepared an edited, banner-ready version for everyone's approval (proper aspect ratio, stray pixels removed. etc) + +[I propose this be our new Superstonk Banner ](https://preview.redd.it/7f2l5ilfvxr81.png?width=2705&format=png&auto=webp&s=797dd2d0eaf012d38860c315f25ada1d808f67b7) + +So please vote below on the poll on how we should go forward. Either we continue the banner contest (pending more entries of course), or alternatively, we could use this collaborative r/place banner. I leave the decision in the Ape's hands: + + +**Edit: I will likely be putting up another vote after this one. We want to make sure we are attentive to what the community wants, and given the support for** u/BoltFlower**'s design, it seems like the way to go.** + +[View Poll](https://www.reddit.com/poll/txrp4c) +I have been reading up on real estate investing lately. Everyone kept saying that I should be a place that is below market value, rehab it, rent it, and refinance to pull equity out of it (e.g. BRRRR and similar strategies). I understand the argument that people are making, but I want to understand the flip side as well. To me, a turnkey unit will definitely sell at or above market price, but it's available for renting right away. I don't need to deal with or hire people to do the rehab work, which takes time (both in terms of finding a good deal and vacancy loss during rehab), money, and energy. If I plan to buy-and-hold for 20 years, does it really matter if I have to pay 20% more than a similar unit that needs a bit of work. Also, having monthly net positive cashflow isn't my primary concern. The tenants will be building equity for me already, so I care more about having enough rent to replace my income over time once the mortgage is paid off in \~20 years since I have a rather stable 9-5 at the moment. Any advice is greatly appreciated. + +My target market is Northeast/Mid-Atlantic USA if that matters - DMV in particular, which has a rather stable RE market due to plenty of established government jobs that are more resistant to economic cycles. +I am unable to pay for my iCloud subscription, What a mess by RBI. + +* If i try to add credit or debit cards, It shows an error. +* Added funds to my Apple ID, Clicked upgrade to icloud +, And i cannot select Apple ID as my payment method, What's the point of adding money on my ID if it cannot be used to subscribe for services. + +Pretty sure I'm doing something wrong and would be grateful if someone pointed out where I went wrong + +EDIT: Someone reached out to me via DM and told me to remove all modes of payment and add UPI ID, Add funds to apple ID Balance and wait, Out of the blue after 30 minutes I receive an email saying the i have been subscribed, I have no Idea if this is the solution but it has been frustrating me for a week, Great responses to this thread guys! Thanks a lot. +Elgi Equipment is a player in compressed air technology with presence across more than 120 countries. The company has a product portfolio of 400+ compressed air systems and has 2+ million installations all over the world. + +With a market share of around 22%, EEL is one of the largest manufacturers of compressors in India. However, Elgi is more of a global player, with almost 50% of revenue coming from outside India. + +Major competitors for air-compressors in the space are + +Atlas Copco - The largest player in the air-compressor space. + +Ingersoll Rand - Ingersoll Rand is the second largest player in the air-compressor industry. It has its subsidiary Ingersoll Rand (India) which is listed in the Indian Markets. + +Kirloskar Pneumatic Company Limited + +Understanding the air compressor Industry + +Air-Compressor Industry - + +Air compression is used in a wide spectrum of applications in nearly all manufacturing and industrial facilities and many service and process industries in a variety of end-markets, including infrastructure, construction, transportation, food and beverage packaging, chemical processing. + +In industrial processes, air is needed in Oil and Gas, Energy, pharmaceutical, electronics, Semi-conductors and Textile industries. + +Compressed air is also used to power industrial tools, in robots, and in applications as diversified as hospitals, snow making, fish farming, high-speed trains, wastewater treatment and conveying. + +Below is the global compressor market share by end uses. + + +Market size - + +The market size of air compressor industry is 15 billion USD. The Indian market size comparatively is only a little over 3 percent of the total global pie. The global market is expected to grow at 3% CAGR and the Indian Market is expected to grow at 7% CAGR in the next 5 years. This along with possibility of gaining market share overseas and entering newer markets makes Elgi a very interesting player. + +The nature of air-compressor industry is that it is diversified revenue source without a dependence on any specific industry vertical. Two, the geographical opportunity reduces the risk of dependence on any one economy and its business cycle for Elgi. + +Elgi's primary focus is on North America, Australia, South East Asia and Europe which is 50% of the global opportunity. Below are the large markets in air-compressor industry. + + +Aftermarket/ Recurring revenue - The biggest positive for the industry is the aftermarket revenue it generates. For every dollar of equipment sold, aftermarket generates 1.2 USD across the next 10 years in aftermarket sales. In addition to the same, the aftermarket parts gross margins are almost 2-3x of the original equipment. Recurring revenue is anywhere from 30-50 percent of total revenue. + +The aftermarket growth is outpacing the growth in units in India due to a higher installed base. As the installed base increases in India and in other countries, the certainty of recurring revenue is almost given. + + +The nature of the industry thus is a factor of + +New Installations. + +After Market revenue from the installed base. + +Subscribe now + +Indigenous Technology, Focus on quality and R&D - + +Elgi Equipments has built its own indigenous technology for compressors which competes and fares strongly against the deep pockets of multi-national brands. + +Below shows the increasing focus on quality by Elgi. + + +In addition to the same, the company offers the longest warranty of any company in the world and at the cheapest price. + +The focus on quality and indigenous technology has helped Elgi build a strong brand in India and overseas. + +Elgi is a global brand and the company has R&D capabilities to innovate in order to stay relevant. The R&D capabilities can be seen by technology relating to oil-free compressors Currently, oil-lubricated compressors and oil-free compressors exist as two separate categories. Both in terms of product offerings and end-use applications. Oil-lubricated compressors are more efficient and less expensive than oil-free compressors. However, in applications that cannot tolerate oil in the air, customers do not have a choice but to buy oil-free compressors, and they pay the penalty of a high upfront price as well as higher running cost. Elgi has managed to develop a technology that converges these two categories so that all compressors are oil-free with low upfront cost and comparable running cost. + +Global player - + +The company is also aggressive in its growth plans in-organically. The company has acquired 8 air compressor production and distribution companies around the world in the past decade, entering the markets + +Below is the revenue mix from different geographically (FY 21) - + +India - 52% + +Americas - 24% + +Europe - 9% + +Australia - 7.5% + +Others - 7.5% + +Potential weaknesses + +Competitive intensity - + +While capital cost for setting up a compressor manufacturing unit is not high due to the assembly nature of operations, technology plays a major role and acts as an entry barrier. Most large domestic players are subsidiaries of established international companies or have technical collaborations with global players which makes the air-compression industry tougher to thrive. + +The merger between Ingersoll Rand and Garden Denver, the second and the third largest air-compressor companies, have created a very strong number 2 air-compressor industry further consolidating the space. + +Poor performing subsidiaries in the past - + +The company’s acquisitions were not without their issues. The company had foreign currency debt issues in Brazil and legal issues with their French subsidiary along with other issues which resulted in continuous losses in the last downcycle in 2015. + +While the company has addressed the same by restructuring of operations in China, converting most of foreign currency debt into local currency in Brazil, and admitting the French subsidiary, SAS Belair, to legal redress which has helped curb losses. + +While most of the above units are likely to be profitable over the medium term, their revenue contribution are still modest compared to the company, as stated above. + +Modest performance - The company despite a lot of promises has not performed very well over the last decade or so, where the revenue and profit growth has been in low single digits. That can be partly attributed to the company diversifying in 2013 to other geographies. + +The company seems to have reached an inflection point with the foreign subsidiaries growing very well in the pandemic induced year. With growth possibly being back in India and South-East Asia over the next year or so, the company looks prime + +Alternate sources of information/ Red Flag ? - Going through the concall, I came up with a seemingly orange/red flag. + +Below is the conversation with the management and an analyst from SBI Mutual Fund who is the largest DII shareholder with an almost 8% stake in the company. SBI small cap (one of the largest small cap funds) also has their largest allocation to Elgi equipment. + + +The company citing sensitive information has asked the analyst to reach out to a member of the company for information. + +As a retail investor, I am not sure if I would have access to the information, which should be a big red flag in my books. I have dropped an email for the same to the company and am awaiting a response. + +If any retail investor can get the information than nothing stops the competitors from getting the above so called *confidential* information + +And if a retail investor cannot get the information that means there are 2 channels of communication, one with institutional investors and one with retail investors which questions the integrity of management. + +I would be waiting a couple of weeks for the response before shadowing doubts over the management but it is still an orange flag. + +Conclusion - The company has set broader targets for FY 2025-26 + +1. Revenue - $ 400Mn + +2.EBITDA - 16% + +3. ROCE - 30% + +Let us assume the same, on the same assumption, the company can be expected to see profit in the range of Rs. 240 crores in FY 2015-16 at a CAGR of around 15%. + +That should be valuing the company at around 29x FY 2025 numbers. + +The company looks to disrupt the global air compressor industry and while it has some potential for the same, the valuations along with the above orange/red flag scenario makes it a no go for me. +Was the bear market then way worse? Is this one worse? Were the despair levels like now? How long did it take to finally start seeing the light at the end of the tunnel? + +Would love to hear some insight and perspective from those that were around for comparison, thanks! +So long story short I have a remote contract job with a Recruiting agency and when I signed up for it it said "full time role 40 hours a week" so I'm basically on call and available to the employer for those hours however some days they don't give me any work and so I feel I can't log in those hours and get paid for the gaps. + +And now I'm in this limbo because I need to get paid my full 40 or I wouldn't have taken the job and I fee like I'm on call for them and can't pick up another freelance job for the pay/hour gaps, what should I do, today is the day to submit timecards for approval and of course the recruiter isn't answering emails or phone calls. +25 y old here just wondering if there is anyone here who does dividend investing in their regular accounts? + +Some background for me. I do have both Roth IRA and regular brokerage (both Schwab). I am working on maxing my Roth still through monthly payments and prioritize it & putting it in the SWPPX/SWTSX. I wanted to get into dividends as I carry some in my regular account but does anyone really go aggressive in their regular accounts considering the taxes? + +I fully under compounding and DRIP, but I want to be able to access my money down the road when I am older but before 59 1/2 years old. +I get about two calls or texts a day, unsolicited, from various "we buy houses" people/services who want to buy my rental property. It's in a class C, borderline D neighborhood, where home values are about half what they are in even slightly more affluent areas of my region. + +I'm almost a little offended that I get no such calls about my primary residence, which I've actually put significant work into making more appealing. :( + +Mainly, I'm trying to figure out if I need to be worried that these vultures are circling my rental property. Are they attracted to it for some reason that should make me want to unload it, or are they just trying to see who wants out of the game because of COVID? + +Redfin and Zillow's estimates on the property matched the asking price when I bought it in August 2020, but a week after closing, they shot up 50%, which doesn't measure up against any comps. + +And just how did they get my info? Appraisal district doesn't list my phone number... at least not online. +I've seen so many noobs in here recently talking about buying $100 worth of a coin on uniswap. This is a very bad idea and you shouldn't do it. Sure it *could* work out but it's extremely unlikely. + +Let's say gas fees are $50, which is pretty realistic. If your coin goes up %100 you lost about $10. You paid 50 to buy, 50 to sell, and you also have to pay the $10ish approval to sell as well. So you need to make 110% on your investment MINIMUM in order to just break even. I repeat, if you go up 110% you didn't even make any money yet. That is an extremely bad investment strategy. Ironically most of the posts bragging about their $100 investment are smugly calling other people broke idiots. + +I mean sure some of these coins have been skyrocketing, but most don't and you will end up losing a lot more than you gain doing this. You only hear about the people who made money on their hundred dollar bets because no one is going to repeatedly post about how they lost their Benjamin investing in an animal meme rfi fork. It's called survivorship bias. + +I know it's "only 100" but if you dont care about losing 100 then you should be fine with risking 1000, which as weird as it sounds is less risky than investing 100 in a uniswap coin because you don't need nearly as big of % gains to make money. + +I don't put less than 1k in a uniswap trade BARE MINUMUM. I mean I could *maybe* see going as low as 500, but even that's eating into a lot of your profits. If you don't have at least 10k to throw at 10 different uniswap coins to diversify you shouldn't be playing microcaps. You also shouldn't be throwing 10k at microcaps unless you have another 10k AT LEAST in mid to large caps as a safer bet. + +If you have less than 20k in crypto just get normie coins until you grow your stack. It's way safer. Or find moonshots on exchanges with low fees. I made a killing off lukso, and its on kucoin. Same with trac and soul. Omi is on bitforex. Or get into bsc gems and use pancakeswap. There are so many smarter plays. Don't use uniswap unless you have a fat stack of cash and know what you're doing. + +Obviously this advice will be ignored and we will hear a bunch of success stories in the comments about people's $100 uniswap bets and how I'm jealous of their gains because I'm a broke salty loser. +# TL:DR: 15 million CS shares were bought in 1 minute. This was probably to stabilise the price and prevent a crash on Thursday. Or somebody is starting to takeover Credit Suisse. + +Hi all. + +I was just looking over the charts and spotted a major anomaly on the 5 day chart for Credit Suisse: a 15.58 million share buy order. This occurs on July 8th 2021 the Thursday of last week when bank stocks, and everything else went down before the “this is fine” on Friday. + +[There it is, the great green crayon](https://preview.redd.it/dfph6v5k0ra71.png?width=2048&format=png&auto=webp&s=59b4f2abdddbb47b41bdbee3dffe2bf3c0e7fc3d) + +To check that this was not a display issue, I viewed the one day of Credit Suisse for Thursday 8th July and again found this same anomalous buy order. I expected that by going from the 5 minute (the 5 day) to 1 minute (1 day) volume display this massive buy order might be distributed across each of the 5 minutes being examined, so that an average buy of 3 million shares per minute for 5 minutes would be shown. + +This was not the case. + +Rather than diluting, closer examination revealed an even more concentrated buy order: **15,420,000 shares at $9.90 coming in at 10:27 am on July 8th 2021. This is a buy order worth around $152,000,000** + +[Buy confirmed on 1 day at 10:27 on July 8th 2021](https://preview.redd.it/3qq1a74m0ra71.png?width=2048&format=png&auto=webp&s=efd233533b8d101e95e4f4b05d9fea08b23d16c7) + +Again investigating that this was not a glitch I checked this against the YTD and found the same. + +This confirmed that a major buy did occur at 21.27 million volume for the day compared to an average of 4 million shares on the surrounding days. + +The last time volume in Credit Suisse was this high was during the Archegos meltdown + +[Enormous spike in volume confirmed on YTD chart, volume last this high during Archegos meltdown. Compare with price drop, volume spike in late March \/ early April 2021](https://preview.redd.it/c6w7icdo0ra71.png?width=2048&format=png&auto=webp&s=9fe47930d3a008fb8e0d498be862dc7cf8b6cb50) + +This spike comes during the Thursday price dump across the market, 2 days after the WSJ published [This article on more Credit Suisse staff leaving](https://www.wsj.com/articles/more-credit-suisse-senior-bankers-depart-in-wake-of-archegos-loss-11625587510?mod=hp_lead_pos4), and [4 days before the Compliance Chief of Credit Suisse was reported to have quit](https://www.reddit.com/r/Superstonk/comments/oil8aw/smells_like_somethings_burning/) + +&#x200B; + +3 possibilities occur to me on this + +1. Shares were purchased to stabilise the price, preventing shares in Credit Suisse from dipping below a critical level during a downturn and triggering wider selloffs and crashing the stock price. +2. Yahoo Finance stats show 10.4 million shares sold short as of June 14th 2021. I haven’t checked the SEC Failure to Deliver data, but perhaps that too would show something in our ballpark to suggest FTD purchases, or covering/rolling forward of options +3. This indicates that Credit Suisse is beginning to get bought out by rival firms to be swallowed up. There has been increasingly open talk about 1 merging CS with UBS, or 2 being bought out by other banks and ceasing to exist. Checking institutional holders of CS through Yahoo Finance again, the largest 3 institutional holder is Dimensional Fund at 4.5 million shares and 0.18%, followed by Allianze Bank at 3.5 mil and 0.14%, and earnest Partners at 3.1 mil and 0.12%. A block purchase of 15 million shares at the bargain price of 9.90 would provide more control than the top 3 institutional holders combined, instantaneously, and if being added to an existing position would quickly produce a dominant holder even though the ownership is nowhere near a majority. + +Edit 1: [Additionally the new COO of Credit Suisse Asset Management is coming from UBS](https://finance.yahoo.com/news/credit-suisse-names-asset-management-072346235.html) +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/EKU2tVBp9u) +Is it true that dividends are generally irrelevant when evaluating the performance of a stock ? Ben Felix (Canadian YouTuber) posted a video suggesting that dividends are irrelevant in contributing the performance of a stock as that money paid out is liquid and could instead be used to boost capital gains . Sorry if this post comes across as ignorant , I’m new to the whole finance thing +So I work at a restaurant in Tennessee that pays all of the non kitchen staff $8 an hour an hour and everyone does everything. From filling sauces to running food, taking orders, and bussing tables. It is classed as a dine in fast food restaurant. There is a sign on the registers that says no tips required and when people do tip we have to give it to the manager. Anything I can do as a 16 year old +I bought my house 7 years ago. Initially signed a 5 year fixed for 3.79%. Once that was up I signed a 2 year at 1.93% because we were planning on relocating for my wife's work but because of covid she now works permanently from home. + +Interest rates have been scaring the shit out of me and today was the first day I could renew so I set a meeting with the bank. They didn't ease my mind at all about the future so I panic signed a 5 year at 4.45%. + +I personally feel that we got spoiled with how low rates were and don't see them going that low again in the next 5 years, if ever. We may move before this term is up but I felt like I needed to lock in that rate since anything we would have the blend this mortage into would be at a much higher rate. + +Did I make a mistake or was this a smart move? +A few years ago before Covid hit the O&G sector was down significantly. Could not predict covid but like the O&G sector being down it was a 100% return guaranteed from a physics and environmental pov (CER; canada government entity vs what market was saying to help provide support). Any theories on the next sector/area highly depressed with guaranteed-low risk returns in this environment? + +Most I can see is Industrial/Insurance based companies. Interest Rates, Inflation + War. Interest rates have to rise, inflation and interest rates will help the spread between commodities and retail sale price of products for industrials/manufacturers & Insurance companies for higher spread on fixed income portfolios. Banks are already ATH areas in canada. + +Edit: any investment comes with some risk and is not guaranteed. +After lurking for a few months and continuing my education on options, I sold my first Put on Palantir. I woke up and saw the stock was down 10% on the day, figured I wouldn't mind owning some on a rebound and wheeling it as a worst case scenario, so I sold a CSP for 24 strike! + +Once I get approved for options level 3 with TD I'd like to start using credit spreads and PMCC's. Thanks for everything I've learned here so far. + +Edit: It appears I have made a mistake and will soon be a bag holder. Thanks ThetaGang! +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Breaking news or important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I remember Paul Krugman saying that pre tax and benefits, the level of inequality in Scandinavian countries is similar to the USA. I cannot find any data to support this claim. Is this true? +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! + +Anyone else feeling that pain? + +I sold a CC on AAPL at 155 strike... currently $500 in the red with my profit capped on the shares I own + +I sold a CSP on NVDA at 320 strike... currently well over $1K red + +I sold a CSP on AMD at 144 strike... currently well over $1K red + +My 200 SOFI shares are down 10% + +My CRSR shares are down 50% + +Feel free to mock, at this point I could do with the humiliation to take my mind of the 4k I've lost since trading started on Monday morning. + +Edit: glad I shared. I’ve set 50% profit triggers for my CSPs and will leave my account alone for a week or so. Anything could happen in the next few days. I’m happy to own the stocks. + +It’s late here (UK). I’m off to bed. + +Night all. + +Here's how: Go to a 4 year school and pick a few degree requirements that you're interested in. Then get a transfer list between that school and your local community college. For 2-2.5 years take all the first year classes at the community college. Than look at your favourite 4 year degree school class requirements sequence and do those classes at year 1-2.5 (look at the will transfer class list) + +After this transfer the classes to the 4 year school and finish the classes that you can't take at the community college. + +While this is going on start working part time at McDonalds they now have a generous part time tuition reimbursement. Other replacements are Home Depot, Chipotle, UPS, Starbucks and T mobile. (You only have to work part time)[Some of these companies require 90 days or a year of employment before the tuition reimbursement but it's ok because most of the cost will be in the last 2 years] + + Also getting a marketable degree helps in your pay rate hope this helps! + +Edit: Wow I didn't expect this to blow up it's actually a reply to an r/jobs post complaining about the lack of pay after spending $50,000 or more on a degree. + + I also didn't mention getting grants will cut into tuition. Getting scholarships during the transfer will help alot. This post was mostly for people that didn't take school seriously in high school and they don't have the military, family or the government to pay their school. Living with a family member or a bunch of friends to cut down your living expenses this is pretty important and commuting to college also helps. +Hi guys, +Confused about tax, last months I have made few transactions, generally for a small stake, because I was sure that if it’s below CGT everything is fine, but today I found out that when I sold stocks shortly, now I am trader and in this situation allowance is 1000£. +Need advice. +This is a teaser post of what will be a MUCH larger multi post involving 3 planes. This post is just one plane, on one day for a 17 hour span of time. + +For this post, I'll just be going through the massive crypt0 movements that correlate with the movements of a plane that I've been tracking (this is all public information). + +&#x200B; + +[Chompy? Why are you being judgemental?](https://preview.redd.it/r49bya9vhpj71.jpg?width=2148&format=pjpg&auto=webp&s=1aa31c90c470fe4917d2d182cf1c6a06f60d9363) + +&#x200B; + +After spending the past year essentially flying from: + +West Palm Beach FL, New York City NY, California, Chicago IL and Houston, the flight paths and destinations have changed this week. + +On August 25, the flight path changed but so did something else; + +After spending the night in Ithaca NY (not visited this entire year), it flew to Baltimore MD, Charlottesville VA, Erie PA and then headed for Chicago. + +You could pass this off as "Since they know you're watching, they'll fly around to make you wonder what they're doing." + +True but there's also something else going on. + +There's also a second and third suspicious plane that met twice this weekend in Nice, France but for the sake of this post, I'm only focusing on this plane and today. + +Just before this plane (and the others) leave a runway, major transactions take place between "unknown wallets". + +These transactions of this size generally happen about once a week. + +Since this weekend, something has definitely changed. + +Let's look at just today and the timing of these movements in correlation with these MASSIVE $$ movements. + +&#x200B; + +\-\*(This is all correlated to my local time zone. Yours will be different but the times will still match between Twitter and the flight tracker.)\*- + +&#x200B; + +Early in the morning: + +&#x200B; + +https://preview.redd.it/y4umlarwfpj71.png?width=601&format=png&auto=webp&s=22b03a8676b29210f31ae15adf75383fd336181e + +$2,066,945,903 + +Over 2 billion dollars in the same minute. + +Remember. One of those transactions a week is something huge. + +Let's take a look at what happened 30-45 minutes later: + +&#x200B; + +https://preview.redd.it/h0yoo2rzfpj71.png?width=612&format=png&auto=webp&s=5ede05a416ff7dd71bd1b02d21a4a8af32da74df + +$1,195,447,721 ← I didn't even include that $19mil in that because this twitter feed is loaded with transactions under $50mil today. + +&#x200B; + +https://preview.redd.it/tdood4c3gpj71.png?width=594&format=png&auto=webp&s=42bce1e6959fe2e452b175f5a628f33434f348d3 + +Another $588,979,584 + +Then the plane left Ithaca about 1:00pm + +&#x200B; + +[ Ithaca departure ](https://preview.redd.it/8al37g67gpj71.png?width=1440&format=png&auto=webp&s=1c55b9ee4830941d6aab6f0c5eee11d8ef890336) + +What happened right after it left? + +&#x200B; + +https://preview.redd.it/1f3ilcmbgpj71.png?width=602&format=png&auto=webp&s=893b3db3ed28a2f58cad419b6bfe034540b595ee + +$786,018,970 + +Then it landed in Baltimore about 1:45pm + +&#x200B; + +[ Baltimore arrival ](https://preview.redd.it/9pkyi72egpj71.png?width=1440&format=png&auto=webp&s=c27430292303f3ab729d5c913e9b81e8e80f60f4) + +15-20 minutes later, this happened: + +&#x200B; + +https://preview.redd.it/6mx7a17kgpj71.png?width=603&format=png&auto=webp&s=5d5075cbe06ad9db5b6413ede6e6e5b7806866f0 + +$1,370,518,579 ← In 2 minutes + +The plane then left Baltimore about 45 minutes after arriving. + +&#x200B; + +[ Baltimore departure ](https://preview.redd.it/t5pc31lngpj71.png?width=1440&format=png&auto=webp&s=d529d2527b230fcbb2ee08d416934fb3abe1df49) + +and ended up in Charlottesville VI 20-25 minutes later. + +&#x200B; + +[ Charlottesville arrival ](https://preview.redd.it/7qhpi93qgpj71.png?width=1437&format=png&auto=webp&s=833df146e57b5d925284151e270e1739f50a31fb) + +What followed that was absolutely amazing: + +&#x200B; + +https://preview.redd.it/b9futztigpj71.png?width=602&format=png&auto=webp&s=d3936b9e4d9a29c011fb64b1dd1f7187f3a440a7 + +$115,600,166 + +Here's an example of smaller but not small when added together: + +&#x200B; + +https://preview.redd.it/34r6ligxgpj71.png?width=599&format=png&auto=webp&s=a4fbb4f55cd4ce3067d4705383910b7073eb24fa + +$210,418,418 ← Over $200mil in 2 minutes. + +After that, it was time to move on to somewhere else. + +&#x200B; + +[ Charlottesville VI departure ](https://preview.redd.it/wy3nfhz0hpj71.png?width=1437&format=png&auto=webp&s=a4e81987c8efb3b7da954ffb705f1c46d104bd46) + +Correction: + +~~And not 10 after being in the air, this happened:~~ + +That was the time of the tweet. + +The transactions happened at 6:14pm and 6:16pm. + +This puts the plane on the ground at the time of the transaction. + +This is a good one. Two separate transactions made 2 minutes apart of equal size. + +Hash links: + +[https://www.blockchain.com/btc/tx/205d8854454229e21020162266bb5de3ce2e1049baa9c222c4e85431a430b538](https://www.blockchain.com/btc/tx/205d8854454229e21020162266bb5de3ce2e1049baa9c222c4e85431a430b538) + +[https://www.blockchain.com/btc/tx/5d0eaa4a93b0b0bcf989a4d26999060daec261765737b8a6b8ae632a7d88116e](https://www.blockchain.com/btc/tx/5d0eaa4a93b0b0bcf989a4d26999060daec261765737b8a6b8ae632a7d88116e) + +&#x200B; + +https://preview.redd.it/enkxnot3hpj71.png?width=604&format=png&auto=webp&s=40fba699bc24a13a488e2a1d207267661074d702 + +$414,127,038 + +&#x200B; + +[ Erie PA arrival ](https://preview.redd.it/ho2t1sn6hpj71.png?width=1438&format=png&auto=webp&s=5888d71e34b94075323cc64b3f6a3d41daf68569) + +$209,334,246 was moved about 30 minutes after arriving in Erie PA + +&#x200B; + +https://preview.redd.it/gq12jjpahpj71.png?width=601&format=png&auto=webp&s=4ed6bd9afc09a913ae8559c8c0bb9149a310f684 + +Then, 10 minutes before leaving, this happened. + +&#x200B; + +https://preview.redd.it/fo5u7fcdhpj71.png?width=601&format=png&auto=webp&s=597e558c303b79dd244ad48dea90360376ec68a5 + +$386,801,542 + +The day totals $7,344,192,167 just in what I've shown. + +I'm not saying this plane is the cause of all this movement and I'm not saying that the person in the plane is either + +BUT.... + +When you add this to the long list of transactions that correlate with the flight schedule of this plane and the other two planes in question, a pattern starts to emerge. + +Here's the entire day worth of flights: + +&#x200B; + +https://preview.redd.it/1yvsmo5hhpj71.png?width=1440&format=png&auto=webp&s=6f445e3bd1ced348ea28117c86a39d2307004b4c + +Links: + +Whale Alert Twitter: + +[https://twitter.com/whale\_alert](https://twitter.com/whale_alert) + +Plane in question tracker: + +[https://globe.adsbexchange.com/?icao=a66a4c&lat=38.079&lon=-78.663&zoom=6.1&showTrace=2021-08-25&timestamp=1629927415](https://globe.adsbexchange.com/?icao=a66a4c&lat=38.079&lon=-78.663&zoom=6.1&showTrace=2021-08-25&timestamp=1629927415) + +Bonus links to the other two planes in question: + +This one frequents Chicago but has made two trips to France this year. It has been in France since Friday. Last trip was to Croatia and Paris 07/17/21. Home the next day. + +[https://globe.adsbexchange.com/?icao=a326ca&lat=40.022&lon=3.455&zoom=5.1&showTrace=2021-08-25](https://globe.adsbexchange.com/?icao=a326ca&lat=40.022&lon=3.455&zoom=5.1&showTrace=2021-08-25) + +This one appears to be based in Lisbon - has met with plane #2 in Nice France this weekend: + +[https://globe.adsbexchange.com/?icao=424787&lat=-23.378&lon=-25.326&zoom=2.8&showTrace=2021-08-25](https://globe.adsbexchange.com/?icao=424787&lat=-23.378&lon=-25.326&zoom=2.8&showTrace=2021-08-25) + +I intend to use a graph like this as well to show another method to visualize the three planes in comparison with massive crypt0 moves. + +&#x200B; + +https://preview.redd.it/snuzusitipj71.png?width=1194&format=png&auto=webp&s=282e5298de3a14dbb761b54632d8de7646e238be + +As well as a spreadsheet. I love this shit! How about you Kenny? + +First off - apologies for shitty formatting - wrote this up on my phone. + + +So with a bunch of mainstream media support for Movie Stock picking up, and with the continual increase in laser eyed movie stock Twitter bots/hedgy workers, I wanted to take a minute to keep awareness spread about how movie stock is THE biggest counterplay being used by Citadel and others on the wrong side of GME to siphon volume/interest out of GME, spread retails money in the battle for GME thinner, and to gain capital to keep their balance sheets high enough to help avoid a margin call. + + +I know the hedgie bot downvotes are coming(as well as downvotes from genuine apes as their movie stock infiltration campaign has likely slowly progressed deeper) but I’m going to continue to do my part to keep awareness spread to the newest members of Superstonk as we continue to grow - as well as remind some of the older users here that might be forgetting or succumbing to the movie stock pressure from the citadel hedgie bots. + + + + +[BACKGROUND] + + +For those who weren’t around in January: This all started in the bets subreddit. Movie stock, SLVR, weed stocks, rocket, and others got pumped immediately following the GME January sneeze and thousands of posts promoting these with buzz words like “short squeeze” and “short interest” were being posted on the bets subreddit by a plethora of bots. + +When i say flooded by bots and shills, i mean FLOODED. It was BAD. +In fact - it became so bad that the real human investors slowly started to make their way to the GME subreddit and that’s when the first great ape migration happened - the entire 1st migration was to get away from the clearly strategized onslaught of movie stock shilling. + + +Why did they launch a barrage of movie stock shilling? + +Because turning off the buy button was only a temporary solution. Turning off the buy button acted as a temporary stop to halt the unprecedented momentum of retails buying to stop the squeeze from happening back then. + +Pushing movie stock and other “squeeze play” candidates was how they made sure when the buy button was turned back on(since they obviously couldn’t keep off forever), retails volume would be spread out and not entirely FOMOd straight back into GME, which would result in them being stuck in the same problem they just literally took illegal measures to get out of. + + + + +In the time to come, movie stock would become the counterplay they would ultimately push the hardest - due to being able to push a similar narrative. It has also allowed them to use mainstream media and even post DD here to confirm our own DD and then use those moments to try to push a “this must be true for movie stock too. They’re fucking the entire system. GME iSnT tHe OnLy PlAy” kind of narrative as an attempt to garner more acceptance. + +For the record, while “GME might not be the *only* play” is technically correct - it’s definitely the ONLY MOASS. +And since we are comparing directly to citadels counterplay, movie stock - it’s worth noting that GME is the only one of the two that’s over 100% short and has the entire float owned by retail. +It’s also the only one doing a huge turnaround - a complete transformation to an entirely new type of technology company that will open many more revenue streams for GameStop. It’s the only one building an all star executive team and poaching elite members from top companies such as Chewy, Amazon, Google, and Apple. + + +Movie stock is not doing a complete transformation and has no answer to a digital future. +Movie stock is not showing a turnaround in sales/revenue, but rather showing a decline. +Movie stock Insiders continue to sell their stock positions at these levels. +Movie stock is extremely overvalued when market cap is compared with present and historical valuations of similar industry publicly traded companies. GameStop however is extremely undervalued with current market cap, and this correct valuation of GME will only continue to rise as details of the technology transformation start to come to fruition, and as new revenue streams are introduced and when clarity on the NFT teaser GameStop revealed become known. + +I’d also like to note that while Ryan Cohen and GameStop are speaking with their actions - not their words, Adam Aaron of Movie stock continues to use his words to essentially try to sweet talk retail and lure unwary investors over. Adam Aaron is historically sleazy and I truly feel like his overly aggressive attempts to gain favor with retail investors and capitalize on the “ape phenomenon” just screams red flag by itself. + + +Movie stock is on track to be bankrupt by 2024. There’s no way around that after you look at their debt, lack of income, low amount of cash on hand - 3.53 CPS (cash per share) compared to 22.76 CPS for GME, and inability to make any type of actual dent in paying off their long term notes. Why such a low CPS and failure to contribute meaningfully towards the long term growth of the company after multiple share offerings and why did the C suite execs get paid with investors money in lieu of using that money towards company growth? + + + + +[FIGHTING THE MOVIE STOCK SHILLING] + +In preparation for the guaranteed shills and bots this message will attract, I decided to be proactive and save y’all the time and offer my rebuttals beforehand for the usual shill bot counter arguments/FUD attempts so you can go straight to the insulting that seems to always accompany any kind of logical conversation on the matter. +* +* + + +1.) hErE wE gO aGaIn - StOp TrYiNg To DiViDe ApEs. We ArE aLl On ThE sAmE sIdE fIgHtInG tHe SaMe FiGhT. + +First off, I’m not trying to divide anybody. We all have the right to invest in what we want. I’m not going to movie stock subreddits and trying to spread awareness there - I respect their sub and am keeping the message here - in the GME subreddit that was made for GME and to get away from the bots/hedgies trying to siphon volume out of our stock we like so much. + +But to be blunt, no - we aren’t fighting the same fight. To be honest, I just like the stock - but if you’re reducing your GME buying power and adding to the Citadel GoFundMe ticker - movie stock - then we absolutely aren’t fighting the same fight and you honestly don’t understand what’s going on if you think buying movie stock helps contribute to anybodies GME investment in any type of way. All you’re doing is DIVIDING resources - taking ally ammunition out of the fight and giving it to Citadel. The audacity to try and spin the narrative that it’s GME apes trying to divide when you’re promoting division is just… 🤯 + + + +2.)fUnDaMeNtAls DoNt MaTtEr. MoViE sToCk Is ShOrTeD tO sHiT aNd GoInG tO eXpLoDe. + +Uhm, excuse me but what? Fundamentals don’t matter? Really? They absolutely do matter. What else is going to act as a catalyst to bring in the volume needed to squeeze somebody into having to forcibly close out their short position in ANY investment? + +For the sake of making it clear how important fundamentals matter - let’s pretend retail traders own the movie stock float 5 times over somehow. +Guess what? You can own the float as many times as you want, but when the company goes bankrupt, the stock price is still going down to $0.00 and the fact you own all those rehypothecated shares doesn’t matter because they’re all gone now and your entire investment just disappeared. You made an uneducated investment decision and invested in a dying company because you believed that high short interest was the only variable needed for a short squeeze to occur- probably because you heard the buzz word on your favorite media outlet and didn’t take the time to research and learn that there’s a lot more to it than that. + + + + +3.)bUt ThEy TuRnEd ThE bUy BuTtOn OfF fOr MoViE sToCk AnD oThErS tOo + +Yes… They did this strategically. As I just mentioned, their goal was to subdue retails buying pressure - if they singled out GME, it would have been obvious how GME was the real issue and everybody and their moms watching TV that week were going to get rich with that kind of obvious tell. + +So they grouped the other candidates they felt they could use to siphon buying pressure and turned off the buy button for those too. A strategic masquerade designed for confusion to help with the illusion that they aren’t completely 100% fucked because of GME. Essentially smoke and mirrors to get the publics buying pressure spread out and more manageable so they could “live another day” and kick the can while they tried to figure a way out of this corner that retail has backed them into. + + + + +4.) dIdNt MoViE sToCk ShOw An AlMoSt PrOfItAbLe 2nD qUaRtEr? + +You realize the bulk of revenue for Q2 were the share offerings, right? + If you think issuing millions of new shares to retail every quarter is a sustainable business model for a company, and is a business strategy that you don’t mind the company you’re invested with using, then we are two completely different type of investors; I mean.. we all have the right to invest in whatever we want, but I would rather invest in a thriving innovative company utilizing technological growth and expansion to find new revenue streams, rather than relying on sucking it out of retail investors. + + + + +5.)hOnEsTlY iM jUsT iN MoViE sToCk BeCaUsE iTs ChEaPeR. + +Actually it’s not. Many of the bots and shills continually try to push the narrative that movie stock is a cheaper investment even though it’s actually more expensive. +If you’re not a shill and don’t understand how GME is actually cheaper than movie stock, then you skipped Stock Market 101 day. +Market cap and how to properly valuate the true cost of a security is bare basic investment knowledge that every investor should know before investing to begin with. + +$100 in movie stock will buy you less percent of the company than $100 in GME. + +If GME splits to the same amount of shares as movie stock, 513.33m - the price of each GME share would be $27.21 + +$27.21 is less than $40.12 - see how much cheaper GME is than movie stock? + +Or another way to do it, if movie stock reverse splits to the same amount of shares outstanding as GME, then price of movie stock would be $269.12 + +$182.63 is less than $269.12 + + + +So no…. Movie stock is NOT cheaper, get out of here with that shill shit. + + + + +6.)bUt My FaVoRiTe Dd WrItEr SaId ThEy’Re AbUsIvLy sHoRt sElLiNg MaNy DiFfErEnT sEcUrItIeS - nOt JuSt GME. + +They are and they’ve been doing it for years. They do it because when a company is going bankrupt, it fucking works. And yes, by abusive operational short selling, they are able to drive these companies into the dirt faster. + +But that doesn’t mean it’s wise to divide the biggest wild card weapon the hedge-fund algorithms never accounted for, the buying power of the retail whale, across multiple stocks that we think might be possibly being abusively shorted as well….. especially when we have found the risk-free for sure creme de la creme Achilles heel way to expose the bullshit these criminals have been doing right under our noses to rob every generation blind. +Right or wrong about movie stock, one variable that does not change is how it is not advantageous in any way for retail to unnecessarily thin out its GME buying power(exactly what the hedgies want) when we are on the verge of exposing what many only believe to be conspiracy theories or facts of life that we have to accept and can not change. + +I’m going to paraphrase Mark Cuban here because I’m too lazy to pull the actual quote right now “Shorts never want to close their position - but this can only happen if a company goes bankrupt, which GameStop is not”. + +I’m also going to quote Wes Christian from the Superstonk Wes Christian / Lucy Komiser AMA - “If there is a squeeze, frankly I think the viewers here have the best game in town - cuz the best way to take on a bully, is be a bigger bully. Find companies that really make a difference(GME), find companies that are really good to invest in(GME), and go show them that you’re better at the game than they are. And obviously you’ve found that with GameStop, I don’t know if you’re going to be successful in movie stock” + +Basically, the way we win, is by finding a good company embarking on a true turnaround that stands no chance of bankruptcy - and with time there will be no way not to expose the monster corruption because we have them in a corner and are holding them by the balls. The only way we lose is if the company goes bankrupt, which GameStop will most certainly not while it appears inevitable for movie stock. And even if movie stock finds a way to avoid bankruptcy (appears only possible by robbing retail with multiple more share offerings) there’s still no reason to risk helping citadel when we KNOW there is no risk of helping the other side by investing in GME. + +Just because somebody offers you confirmation bias, doesn’t mean they have considered all angles or that they have good intentions. There are plenty of plants that are intentionally trying to gain trust just to provide further acceptance towards a non-logical investment to the community. + + + + +[TLDR] + +TL/DR: There are only 2 possible scenarios - Either the movie stock is Citadels Hail Mary counter play to GME, or it isn’t. + +What’s the outcome of each scenario look like? + +1.) If movie stock isn’t a counterplay, then it’s still a risky play at best and not a guaranteed thing like GME. Movie stock investors would still need to worry about the fundamentals(or lack thereof) of the company to gauge whether their investment is sound. + +And while in this specific scenario, we are assuming movie stock is not a counterplay - it still doesn’t make sense to divide retail when you consider retail is against the top hedge funds and banks with large financial backings - it is an extremely flawed strategy to even consider dividing up retails buying power when retail is already at a financial disadvantage. + +Even if we ignore the risk of movie stock being a counterplay to GME by citadel and friends, if you understand the MOASS, then there is no way you can logically argue that splitting retails volume into movie stock is strategically beneficial in any capacity and not recognize how movie stock is essentially a retail volume vacuum. + + + + +2.) If movie stock IS Citadel and fams counterplay to GME - then every dollar put into movie stock is a dollar given to citadel, which only increases the capital on their books to help avoid a margin call as GME rises in price. This would mean you lose your entire investment and get to feel foolish for donating to the other side and helping them buy time before the inevitable MOASS happens with GameStop. + + +In both possible scenarios, going long on GME is the only investment strategy that has no risk of being a counterplay or of going bankrupt. Going long on GME is never the wrong answer. + +However if you’re invested in movie stock and you’re wrong about it not being a counter play, then your investment did nothing but hurt retail and help fund the very people who are in the process of being exposed by the GAMESTOP saga that are fighting every day to stay alive just one more night. + +Only one of these investments lacks any kind of risk no matter the scenario, so why risk it the other way when you’re potentially helping those on the wrong side of GME instead of sticking with the surefire ace that GME is? I believe the word for this is that GME has idiosyncratic risk - why would I invest any other way? + + + + +[EDITS BELOW FOR FUNNY SHILL RESPONSES IN COMMENTS] + +(why are these guys even subbed here?) + + + +1. “Lmao this is a lot of words for ‘I bought GME at $300+’ get fucked idiot” + +2. “Sounds like you're insecure in your own investment if you need to type all this out about a stock you don't even own.” + +3. “tell me you're 400$ bag holder without telling me you're 400$ bag holder.” + +4. “Give it a rest you boring bastard. Save cinema… movies &gt; computer games.” + +5. “I’m convinced half of you idiots making these posts are children. You seem mentally unwell. You got so triggered you had to quote negative responses to your post lol. Grow up please”. + +6. “Movie stock to the moon bitch”. + +7. “GME investors always on their high horse. B mad when popcorn squeezes harder than your shitty gaming company”. +Seems like we are in a very volatile situation with the Netflix reset. Will the contagion from Netflix bring the other streaming services down more? +It seems to me that Disney may be at rock-bottom. But then again it keeps going lower. +Any thoughts regarding a good time to look at buying some streaming services? +I don’t own any Netflix. For the record at age 61 I don’t even watch Netflix which is why I probably never purchased it. But I guess that Bill Ackman is much smarter than me because he was talking about it being a great stock when it was $350 +Most commercial public banks - sbi , pnb and private ones - kotak , icici , hdfc + +Are all offering max ~ 5 % annualized returns on fd + +How come this bank IndusInd offers 7 %? +How is it possible that a large cap bank can offer 40 % premium to it peers? + +What is it doing exactly to generate those returns which the big ones cant? + +If one does put in a big corpus what are the chances of the bank defaulting? + +I dont know but this big a premium looks shady . + +Is it another Yesbank in the making? + +And lastly being this risk seeking can be rewarding or destructive? +For over a year, I have asked GME to moon so that I can stop waking up to an alarm clock at 2:45 in the morning. I yearn for the day that I can turn it off. Is today the day? I seriously can't with my emotions right now. Absolutely trying to keep them in check and handle expectations, but with RC buying more stock, with the beta of the NFT marketplace website out (astronaut by the way on the front of the website), I am just... I can't. To be able to support my family, to be able to finally be done this bullshit... I am so fucking excited. Had to get this off my chest. I love you guys so much. The ONLY depressing thing is that I just couldn't afford more than 70 shares. They are all DRS'd tho and fore that I am grateful. Much Love!!! +Im going to vent. I gave my speech and went deep into the DD for my communications class. Some were into it and my boy in that class actually said he’s going to buy a share. Motherfuckers were laughing at me, and a girl after class came up to me and said my speech “cracked her up,” especially the part where I explained synthetic shorts. I literally got shilled in real life lmayoo. I cant imagine how they’ll feel when this thing takes off and they’re reminded of the young man who tried to tell them. Got a 94% though ;). Cheers my friends 🍻 +*This post is for educational purposes only. Do your own research and make your own decisions before acting on them. Just because this information is correct now, doesn’t mean it will be correct every other day. HFs have a lot of tricks. No one knows what will come next...* + +**EDIT10 (6/21): It is more clear to me now that ETF FTD's do not behave the same as the GME FTDs that I use as examples. The ETF FTDs are a work in progress. The ETF FTDs should be weighted as well. If you find a pattern in the ETF FTDs, I'm open to hearing it!** + +\-------------------------------------------------------------------------------------- + +**TL;DR:** + +* **Every spike that is seen can be traced back to T+35.** +* **I show 1 min spikes to back this claim up** +* **I provide a guide on how to setup this data yourself.** + +# Preface + +Almost 2 weeks ago, I posted some DD about T+35. + +[T+21 is NOT actually a thing! \[Counter DD\]](https://www.reddit.com/r/Superstonk/comments/nsady3/t21_is_not_actually_a_thing_counter_dd/) + +I claim that T+35 is the only T+X that is important, and other T+X “cycles” are actually just from T+35. This concept goes against the general consensus, so as expected... I got mixed reviews. Since then I have seen a different T+X, T+Y, T+Z theory every day, but there is always a catch or some sort of guessing applied. Or the cycle is T+21 one month, but T+19 the other month. As you may imagine, this has gotten frustrating for me. There is no shade being thrown at other DD writers. I just want everyone to realize how simple this is so we can all be on the same page. + +&#x200B; + +**My T+35 theory doesn’t have guess work. It works every time and it’s based on free data that anyone can get.** In this post, I will show you how. (I know this is starting to sound like an infomercial, but stick with me) + +# Where my T+35 theory comes from... + +**Reg SHO Rule 204** ([https://www.law.cornell.edu/cfr/text/17/242.204](https://www.law.cornell.edu/cfr/text/17/242.204)) states HFs need to cover their FTDs “before regular trading hours on the 35th day after the FTD date”. My T+35 theory shows they wait until the last possible day to cover, so the 34th day after the FTD date (this is why our third column formula was “=A1 + **34**”). If the 34th day lands on a weekend or holiday, bump it forward to the next business day. + +Reg SHO states that you cannot short a stock if you have FTDs open. Once the FTDs get covered on that day, GME’s price will not return to that point. + +That’s it. That’s all you need. + +&#x200B; + +**It’s as simple as…** + +1. Get the FTD data +2. Count 34 calendar days (FTDs need to be covered BEFORE the 35th day) +3. Those FTDs will be bought all at once on that trading day. + +&#x200B; + +# Oh, you want to see an example? + +Okay, sure. + +I have picked out days from April because the FTDs are large and the volume was small. It is very easy to pick them out. + +How about… **April 21**. 32,220 FTDs need to be covered. The day’s volume was low, but there was a 1m volume spike at 12:23 EST of 39,000. GME’s price never came back afterward. + +&#x200B; + +https://preview.redd.it/c82wf7csqm571.png?width=451&format=png&auto=webp&s=ca4a553ffb37e4eb7ef574f3bdd7efc21bbcd413 + +https://preview.redd.it/stvi493tqm571.png?width=760&format=png&auto=webp&s=c63c88a3ef43b64a79c124bf49fc0aaff0057ec9 + +**April 19**. 140,554 FTDs need to be covered. GME was rising quite fast on it’s own. Remember, they can’t short a stock when they have FTDs that need to be covered. So at 10:25 EST, There was a big jump in volume up to 160k and then the price dropped for the rest of the day. + +&#x200B; + +https://preview.redd.it/lb5q8rbvqm571.png?width=449&format=png&auto=webp&s=6fa055c19c2cf90d9cd6c8bddd1c201c5d5d1543 + +https://preview.redd.it/px47llyvqm571.png?width=805&format=png&auto=webp&s=e344df65f5219edef1d3f7708357a728c5793130 + +You see? It's that easy! + +&#x200B; + +# Meh... this seems like a coincidence + +Okay, fine... I'll keep going. + +&#x200B; + +**April 16** \- 46,344 FTDs + +https://preview.redd.it/cmrtpjd1rm571.png?width=449&format=png&auto=webp&s=feaf916cbd63dffe35c043ca34ffeebfb81ee19d + +https://preview.redd.it/3f8jcft1rm571.png?width=805&format=png&auto=webp&s=89bad926ace29cb36dfb23cfed018e78e642e653 + +&#x200B; + +**April 15** \- 155,658 FTDs + +https://preview.redd.it/n75at1i4rm571.png?width=448&format=png&auto=webp&s=5b314710aa16ba499713776eccf36306c5826688 + +https://preview.redd.it/rjz3cpw4rm571.png?width=758&format=png&auto=webp&s=a027c39558f072760bb8c02bc2601580da764abc + +&#x200B; + +**April 1** \- Two days needed to be covered this day because 4/4 was a weekend. At 1:25, there was an 83k volume spike followed by a couple 100k-150k volume candles. + +https://preview.redd.it/dtcgi377rm571.png?width=449&format=png&auto=webp&s=04879f53d128e51679420c3c9acd23be166d06dc + +https://preview.redd.it/hjktf658rm571.png?width=763&format=png&auto=webp&s=eb96ccede1210db6c24950eeb0f689db122b6f99 + +&#x200B; + +**April 30** \- 86,859 FTDs. This one got split between two minutes on my chart. The average 1m volume was between 30k-40k shares. And then there are two 70k-80k volume candles at 9:50-9:51 am. + +https://preview.redd.it/vezj8zkarm571.png?width=453&format=png&auto=webp&s=06957bcdbaeeaa47ba59f34382e1811182c2b07a + +https://preview.redd.it/fb1lqpyarm571.png?width=855&format=png&auto=webp&s=238276a529cc1e48c34e06e58e9bce7b3a817843 + +I can keep going. These are the easy ones to spot *just* in April. + +# So what about ETF FTDs? + +Days with large ETF FTDs also see spikes like this. But it doesn’t convert well enough to show. For instance, 1.9 million ETF FTDs might convert to a 120,000 share GME spike. If someone wants to continue this research and find a way to convert the ETF FTD count into GME shares, go ahead. + +# Why do some days lead to large gains and some days drop immediately after the FTD cover? + +I wrote about that in my last DD: + +[SLD DD \[A predictable monthly pinch on capital leading to GME gains\]](https://www.reddit.com/r/Superstonk/comments/nz7mwl/sld_dd_a_predictable_monthly_pinch_on_capital/) + +&#x200B; + +But here’s what you need to know if you can’t read two DDs in a row: + +* There is a period that **starts on Wednesday** before monthly options expiration and **extends to 9 days after** monthly options expiration where the 30 largest financial companies need to **make large deposits** to the NSCC. +* During those days, they have **less money** and need to be careful not to spend more or they will get **liquidity called**. +* Meaning T+35’s with large FTD days that fall in the SLD period will increase GME’s price a lot more than large FTD days that fall out of the SLD period. **Once the price of GME rises within the SLD period, it does not come back down** until 2 days before the end of SLD. + +&#x200B; + +I even mapped out the SLD periods: + +https://preview.redd.it/ys4ovwzurm571.png?width=1246&format=png&auto=webp&s=16a4fcd208abfca25a479f87f5f54fc590b2af06 + +&#x200B; + +March 5-10 is the biggest spike outside of SLD. Those can be associated with ETF FTDs. + +&#x200B; + +https://preview.redd.it/enpanyhxrm571.png?width=448&format=png&auto=webp&s=3c9b8bb8bb070fe3283ecdb7874e7e94eb283339 + +# How do I see this for myself? + +Download the FTD data from the SEC: [https://www.sec.gov/data/foiadocsfailsdatahtm](https://www.sec.gov/data/foiadocsfailsdatahtm) and pull out every line with GME and every line of the ETFs GME are in. But that’s a lot of work. Luckily, a lovely ape by the name of u/nequin made a website to do this all for you. + +&#x200B; + +Get the FTD data: + +1. Go to [https://failedtodeliver.com/?symbols=GME](https://failedtodeliver.com/?symbols=GME) +2. Make a spreadsheet. + 1. Column A is the FTD date. + 2. Column B is “=A1+34” and fill down. + 3. Column C is the number of GME FTDs + 4. Column D is the number of ETF FTDs + +&#x200B; + +**ETFs with GME** + +[https://failedtodeliver.com/?symbols=GAMR,XRT,RETL,XSVM,VIOV,RWJ,VIOO,PSCD,VIOG,VTWV,IUSS,VCR,VTWO,SFYF,IWC,EWSC,SYLD,PRF,RALS,FNDX,FNDB,VBR,IJS,XJR,NUSC,SLYV,IJR,SPSM,SLY,FLQS,IJT,GSSC,SLYG,VXF,NVQ,IWN,ESML,VB,SAA,DMRS,BBSC,OMFS,FDIS,STSB,SSLY,IWM,SCHA,PBSM,UWM,VTHR,URTY,VTI,TILT,VLU,HDG,AVUS,MMTM,DSI,SPTM,IWV,SCHB,ITOT,DFAU](https://failedtodeliver.com/?symbols=GAMR,XRT,RETL,XSVM,VIOV,RWJ,VIOO,PSCD,VIOG,VTWV,IUSS,VCR,VTWO,SFYF,IWC,EWSC,SYLD,PRF,RALS,FNDX,FNDB,VBR,IJS,XJR,NUSC,SLYV,IJR,SPSM,SLY,FLQS,IJT,GSSC,SLYG,VXF,NVQ,IWN,ESML,VB,SAA,DMRS,BBSC,OMFS,FDIS,STSB,SSLY,IWM,SCHA,PBSM,UWM,VTHR,URTY,VTI,TILT,VLU,HDG,AVUS,MMTM,DSI,SPTM,IWV,SCHB,ITOT,DFAU) + +&#x200B; + +EDIT 7: I posted my dataset for the people who want to compare. [https://www.reddit.com/user/dentisttft/comments/o1k5s4/t35\_dataset/](https://www.reddit.com/user/dentisttft/comments/o1k5s4/t35_dataset/) + +&#x200B; + +EDIT 9: There were some issues brought up in the data. But they shouldn't be issues. Trust the files or [failedtodeliver.com](https://failedtodeliver.com), they are the same. + +**~~EDIT 6: IT HAS BEEN BROUGHT TO MY ATTENTION THAT THE WEBSITE IS OFF BY ONE DAY STARTING IN APRIL. PROBABLY BECAUSE OF THE HOLIDAY. I HAVE TAGGED THE PERSON WHO CREATED IT. SO MAKE SURE YOU DOUBLE CHECK SOME DAYS WITH THE FILES UNTIL ITS FIXED.~~** + +**~~EDIT 8: APPARENTLY THE WEBSITE USES THE FILES, SO EDIT 6 IS NOT COMPLETELY CORRECT. THERE IS A DISCREPENCY BETWEEN THE FILES/FAILEDTODELIVER.COM AND THE SEC'S FTD GRAPH.~~** [**~~https://sec.report/fails.php?tc=gme~~**](https://sec.report/fails.php?tc=gme) + +**~~THE FILES SKIP APRIL 21 (WHICH IN MY OPINION MEANS ZERO) AND HAVE APRIL 30, THE GRAPH WEBSITE HAS APRIL 21 AND SKIPS APRIL 30. SO I THINK THE GRAPH WEBSITE MIGHT BE INCORRECT.~~** + +&#x200B; + +Important Notes: + +* Column A is the settlement date when the share officially becomes an FTD. +* Column B is the last possible day to cover the FTD + +&#x200B; + +Your spreadsheet looks like this… + +https://preview.redd.it/ox473wz4sm571.png?width=451&format=png&auto=webp&s=0efc2bda56da1c16e3ab3ea4887db568cdbf43b8 + +# Now what? + +1. Google search “what is today’s date” +2. Find that date in column 2 (the +34 day) +3. Follow this flow chart. + +https://preview.redd.it/4ag11hd7sm571.png?width=292&format=png&auto=webp&s=7fc674526dbcd541c60490e9661581559fadade3 + +In my experience, a “large number of FTDs” is 70,000+ for GME FTDs or 1-1.5 million FTDs for ETFs. + +Again, this is not guaranteed. This is just based on patterns I’ve seen. There are plenty of tricks that probably have not been shown. Don’t do something stupid based on this data, its for education purposes only. + +# Should my tits be jacked!? + +Here's the new data for this next week... Use your new knowledge from this post and you decide! + +[EDIT5: Fixed the hightlighted section. Accidentally had June 15th in there when it shouldn't be.](https://preview.redd.it/6a5dvr1jxn571.png?width=597&format=png&auto=webp&s=cc76d854e680a88d218b11774b70e0b805276687) + +&#x200B; + +# FAQ + +**New FTD data just came out yesterday. So what about June?** + +The ETF FTDs are quite large for the next 5-7 trading days. Combine that with SLD starting on June 16 ~~17~~, things look good. + +EDIT5: Accidentally had the wrong date typed here and the wrong dates highlighted in the photo. + +&#x200B; + +**Why do the last two days of SLD not behave the same as the other days?** + +Not sure. My guess is that HFs have 2 days to pay a liquidity call. So there’s no point in liquidity calling them when they are about to get their money back. It also usually is at the end of the week when option premiums get extremely high, less calls are bought, and gamma ramp slows down. + +&#x200B; + +**How long does it take before GME/ETFs show up as FTDs?** + +They become FTDs when the trade settles. So for GME FTDs, its T+2. For ETF’s, its T+6. (shoutout to u/karasuuchiha for pointing out the ETF settlement time to me) + +&#x200B; + +**What causes GME FTDs?** + +This is where the idea of “cycles” comes from. When FTDs fall in SLD and GME spikes, it creates a lot of ITM call options. When those call options are exercised on Friday, they become FTDs upon settling (T+2 settlement). *Note: Buying and selling option contracts settle in T+1, but exercising contracts is T+2*. This causes a lot of new FTDs that need to be covered in 34 more days. **Thus creating an obsession with “cycles” and why other “T+X cycle” theories fall short.** It’s literally just ITM options from the last SLD + FTD spike price increase will create new FTDs on Tuesday (or Wednesday with a holiday). + +&#x200B; + +**What causes ETF FTDs?** + +SSR!!! Remember all those days when SSR didn’t stop GME from going down? It’s because GME is shorted through the ETFs causing ETF FTDs 6 days later when they settle. It did something, it’s just not immediately seen. + +&#x200B; + +**I’m still not buying it. There are definitely spikes every 21 days!** + +Well, I tried. Erase what you know about T+21 cycles and try to understand and apply this post. And maybe you will eventually see what I see. + +&#x200B; + +**What about Net Capital?** + +I don’t know. I avoid FINRA things because in the end… it’s just FINRA. This is based off of NSCC rules. I’ve found enough correlation in only using FTDs and SLD that I didn’t think I needed to look into Net Capital too much. They could definitely both be happening, but in the end, I don’t think it’s too important. I’m open to someone changing my mind on this if you can show me the data (not the rules) to support that Net Capital has more correlation than SLD. + +&#x200B; + +**What else should I know?** + +Rule 204 says the 35 day exception applies when you have a long position on the stock. If they’re shorting, how do they get to say they have a long position? I have a theory, but nothing concrete. + +&#x200B; + +**TL;DR:** The TL;DR is at the top of the post you sweet, tender, smooth-brained ape. + +&#x200B; + +Now that I have more eyes on my posts, I’m hoping this theory sticks better than the first time. In my opinion, getting distracted on other types of cycles is diluting focus. + +&#x200B; + +pce\~\~ + +u/dentisttft + +\---------------------------------------- + +Shoutout to u/wJFq6aE7-zv44wa__gHq for letting me bounce ideas off of them! + +&#x200B; + +EDIT1-3: formatting fixes + +EDIT4: Added "Should my tits be jacked!?" section + +EDIT5: Fixed the dates on my new section. I rushed it and highlighted June 15 on accident. + +# Bonus Round! + +I posted my SLD DD on June 13th at 6:23 PM EST. 6 hours later at 12:02, Elon Musk posted this on Twitter. + +https://preview.redd.it/83o4bvpgsm571.png?width=616&format=png&auto=webp&s=4527094e5aa1d136adabc4dd554778ac29b5590c + +Is it about my DD? No idea, probably not. But it’s fun to think about. If any of the RC Tweet analyzers can find a definite connection, that would make my day. +Our fearless leader is making his plans dark and impenetrable and he should be. Extremely powerful people, entities, and institutions would take any piece of information given to them and use it to relentlessly bash the plan, try to put as many monkey wrenches in the works as possible, and build a direct competitor as fast as possible. + +It’s hilarious to see msm try the angle that investors are getting antsy in the face of the silence. + +Apes aren’t antsy they’re proud of Cohen and everything he and his team have already achieved in one short year. + +The transformation is moving at light speed and we see it through the totally revamped website, the huge increase in skus, the stories of amazing customer service, the social media presence, the shoring up of the balance sheet where debt is all but eliminated and 1.7 billion cash has been raised, the rebranding of Canadian locations, the constantly improving top line revenue, the over 300 incredible hires from highly respected tech companies, and so much more. +Anyone remember Yowies, those chocolate things with a toy goblin inside like a Kinder Surprise but shitter? + +Yeah well anyway they’re listed on the ASX under the ticker YOW - which is pretty amazing to start with because all they do is sell shit chocolate with toys inside to autistic and shitforbrain kids that pressure their pushover parents. But then I started digging and found out they are also the proud owners of [the worlds greatest website for a listed company](https://yowieworld.com/investors-and-corporate/) which just has links to ASX announcements meshed together with cartoon photos of Yowies like it’s a mid 2000’s miniclip game or some shit - that’s how you know they’re a quality company. + +But then I had a look at their financials and this mob actually make money selling these toys to autistics, in the last 4 consecutive quarterlys they’ve been cashflow positive - legitimately making a profit off the autistic instead of burning $2m a quarter digging holes in the ground like 90% of the ASX - so that was a trip. + +Then I looked at their valuation; + +At $.042 per share, their current market cap is $9.1m AUD + +Based on their quarterly which dropped last week, they have $10.5m AUD in cash + +Which means they’re currently trading at 1.4 million BELOW their total cash amount, and these fucking carton goblins are actually profitable. + +Is this the biggest layup on the ASX? Have the goblins swindled the market by tricking everyone into thinking they’re a joke company? Have I missed something? +I'm not talking about wealth managers, property managers, accountants, agents, etc. — the people you retain the services of when your personal wealth or personal brand is in some sense a business of its own, to help run said business. + +I'm rather talking about lifestyle helpers: personal assistants, domestic workers, caterers, chauffeurs, stylists, etc. People who do your "chores" for you, or who do the research to optimize decisions in your personal life for you. People whose employment means that you have more time in the day to dedicate to doing what you want. + +There's one level of wealth where it'd make sense to employ these workers, but not directly; rather, sharing them with others, or contracting with a service that employs them. + +There's another, higher level of wealth where it'd make sense to employ such workers exclusively for yourself. + +What are these levels? (Probably measured in wealth relative to local cost-of-living, rather than absolute wealth, as such helpers cost more in countries with higher costs-of-living.) + +Also, if you're someone who has reached a level where you *could* comfortably employ such people, but you don't — why don't you? (I assume everyone has some household chore — e.g. cooking — that they like doing as a way to relax. But any reason other than that?) + +For background: I was raised middle-class, in a culture where employing domestic help is basically unheard of outside of the upper class. Despite being increasingly wealthy, I'm still mostly stuck in that mindset. So this is an out-of-context problem for me. A person from a culture where domestic help is something almost everyone retains might think this is a silly question. :) +I’m in my late 30s. I don’t like my job, despite the fact that it pays well and the benefits are very generous. I don’t write code, it’s a different role - a much more pointless one. A paper pusher, if you will. + +So... + +1. Is it too late to start a completely new career? Something that doesn’t chain me to a desk filing out webforms? +2. Is there a consultancy service I can use to decide on an alternative career path? +3. Am I wrong to even consider this? It’s a lot of money. This is the highest paying job I’ve ever had, but it’s entirely pointless. Should I just accept it because “that’s life” etc? + +I don’t have any debt and my savings are enough to sustain me for ~2 years, in case I want to go to TAFE. + +Thanks. +Would you rather buy 3 (studio/1 bedroom apartments for $250,000 each) that rent for $1,400 each (total adds up to $750,000 and $4,200 in rent) or one 3 bedroom house for $750,000 that rents for $4,200. This is in my area. And why? The ratio is the same. I’m aware I can get better returns in other states but I prefer local. +I am not trolling. + +Can anyone truthfully and objectively explain what good a realtor is? + +I’m extremely tech savvy and resourceful with regard to finding the exact info I’m looking for, and quickly. + +Thus, in the age of social media and ubiquitous information, I have found myself better and faster at finding properties than any realtor I’ve worked with. + +That isn’t meant as a dig, just that their (main? stereotypical?) service of providing leads isn’t of any tangible benefit or utility to me. + +Literally the only service that I’ve benefitted from is them opening the door so I can walk through, and in the age of COVID and/or long distance investing, providing the ability to do so via FaceTime (which is legit and something I would struggle to do on my own from afar). + +Is there a whole bunch of behind the scenes paperwork I’m not seeing? + +Is it expected that investors graduate to not using realtors anymore, because realtors are really for people who can’t bother to learn to find their own leads or do their own networking or understand the numbers? + +And I certainly don’t get the “industry standard” 3% of the purchase price. For the same amount of paperwork, a $100,000 property nets $3k in commission whereas a $500,000 property nets $15k? 😳 + +If this ruffles your feathers because you are a realtor, then you’re who I want to hear from because I truly don’t get it. +Last year, my husband decided to go back to school, thus losing about half our income. I called our internet company because I knew we were at a lowered rated and was hoping to keep it. The normal rate is $75 a month, we were paying $30 but it was set to expire that month. When we called we said we were thinking of moving to a different company and wanted to know if they could match or give us a lower rate. They agreed to keep our discount for another 12 months. That was last year and since my husband is still in school, we really were hoping to keep it. We made the call again and they agreed to keep it at $30 a month for another 12 months. + + +Bills like this are "negotiable." Call and find out what they can do for you! + + +edit: yep, math was way off. actually saved around $540. Also, I know the post title sounds like Geico commercial. +Why would anyone sell? Bitcoin now costs the same as it did the day after Thanksgiving. Ethereum costs the same as it did on Jan 2. Neo is currently twice as much as it was Dec 21. Monero is at 233 and it never broke 200 until this past December. Cardano is now right where it was in mid December. It's too bad people are glued to their hourly account balance and missing out on the big picture. Emotionally distraught people are selling. Financially wise people are buying. This summer, there is going to be alot of bitter folks that wish they never logged into their accounts on Feb 1 2018. Countries around the world are not banning crypto. They are simply cleaning things up and gearing up for full blown legal crypto. Sure, there will be new rules but crypto is here to stay. If tomorrow marked the final day of cryptocurrency history, I could understand the panic and the selling. However, do you think the Canadian gov't would be using Ethereum for record keeping if crypto was in trouble? Would IBM be partnering with Stellar if crypto was doomed? Would Microsoft be sponsoring NEO dev competitions if crypto was ending? Would Samsung be pouring big money into building and selling cryptocurrency mining chips if Crypto was truly in trouble? Politicians are pumping the breaks until they figure out how to cash in. They did they same thing with daily fantasy sports, online poker, gambling, and cannabis. In 2015, Daily Fantasy Sports was legal in 45 states. In 2016, it was legal in only 10 states because politicians wanted to shut it down until they figured out how to make money off it for themselves. Today, DFS is legal in 41 states. That's right, from an unregulated 45 (2015), cracked down to 10 (2016), and now that politicians can make money off the regulated industry, it's legal in 41. Folks, crypto is going through the growing pains of becoming a full blown accepted industry. Check out online poker... + +- 1995: The first online poker websites appear. Everyone made money except governments. + +- 1999: Republican from Virginia, Robert Goodlatte, tried to shut it down with a new law. People panicked and cashed out. His law never passed. It was defeated. + +- 2003: Thanks to pressure from the Justice Department, most banks blocked customers from sending money to poker sites + +- 2005: The world's largest online poker site (PartyGaming) went live on the London Stock exchange the same year that a Republican from Iowa tried to ban credit card payments on gambling sites. His bill never reached the Senate floor. + +- 2006: Goodlatte is back again. Tries to ban online poker/gambling. He is defeated again. + +- 2006: President Bush signs the Unlawful Internet Gambling Enforcement Act, banning the transfer of money to gambling sites. Everyone cashes out. + +Today: New Jersey, Nevada, and Delaware have legalized it. People in every state freely use offshore sites. Banks are no longer blocking payments. + +Whether it's online poker, cannabis, daily fantasy sports, or cryptocurrency, the people vote with their wallets. Sure, governments always get involved so they can make a buck too (if it was about our safety, health, and well being then guns would be outlawed). Hold your coins if you haven't sold. Buy coins this weekend at a massive discount. Embrace the future. Expect dips along the way. We are riding a climate change graph that continually trends up. So what if there is a record cold winter here or there. The zig-zagging line is trending up from year to year. Hold and/or buy. You will have major profits should you choose to sell this summer, fall, or in 2019. Keep your eye on the prize, stay off reddit, stay away from "news", and trust your instincts when you realized months or years ago that this was an unstoppable revolution: the future. + +https://preview.redd.it/jkswfgvnqi781.png?width=1800&format=png&auto=webp&s=bd00e6ee38c2593bf6037805abdbeeb1606d169e + +I am teary eyed as I finish writing this post and I am speechless at what we've accomplished here. Superstonk is a force to be reckoned with, a force for good. The darkness that exists in the world cannot last long because all it takes is a SINGLE ray of sunshine to pierce the darkness. + +Stand tall, stand proud, stand together. Ape Love Ape, Ape Love Human, Human Love Human... + +November 5 was the first day of this shebang. Feels like ages ago…but it’s only been 7 weeks. And we managed to raise over $100K for the kids, TFT, and GameStop 😍🥰😘! + +https://preview.redd.it/wiwfurtbri781.jpg?width=500&format=pjpg&auto=webp&s=0e1a3c9b6bd7bb50c44c9237a27b78807942755e + +These are the final tallies. + +[TFT Site Donation:](https://marinetoysfortots.salsalabs.org/2021marinetoysfortotscrowdfunding/p/VeryGMerryHoliday/index.html) $100,224.89 + +VGHbot: $3,502.36 (FYI there were a ton of receipts that never got counted in the beginning before we had the VGHbot so we def raised more that is uncounted) + +# TOTAL RAISED = $103,727.25 (at least!) + +https://i.redd.it/ck64oi71ri781.gif + +So our original goal was $741,420.69 and we are clearly nowhere close to that lol. But we’ve still got our fingers crossed for a last minute whale to come in and just pop us up lol it won’t hurt to just plug this link one last time: + +[https://marinetoysfortots.salsalabs.org/2021marinetoysfortotscrowdfunding/p/VeryGMerryHoliday/index.html](https://marinetoysfortots.salsalabs.org/2021marinetoysfortotscrowdfunding/p/VeryGMerryHoliday/index.html) + +Thank you to everyone who supported this charity. Thank you for every donation, for every donator, for every word of support, and for every smile that this will bring. I feel very honored to have helped in this endeavor (fucking crying so hard right now lol). + +This massive group project was a very beautiful thing that the community did. None of the people who put this together had any experience running an international charity fundraiser before...so for raising 6-figures worth of toys, that's nothing short of miraculous. From the mods, to the committee, to the community, we all played a role and I know that a bunch of families are gonna be smiling because of what we were able to give. + +I’m imagining that little kid just cheesing while opening the Pokemon Cards I got them. I want you to imagine the kid who got your gift and what they could be thinking and I hope it makes you smile. There are few joys like that of opening something awesome on Christmas. And we were able to give that magic back into the world. + +[NINTENDO SIXTY FOURRRRRRRRRRRRRRRRRRR](https://i.redd.it/yntqgh75ri781.gif) + +I’m very proud of us and the tangible change we've made in the world. Seriously, pat yourselves on the back! Anyway I’ll keep this post short so we can all be with our families. From the bottom of my heart, thank you for giving to the Very GMErry Holiday. May you be GMErry with your families and may we enter 2022 on a high note! I love you all! + +# A Very GMErry Christmas to all, and to all a good night! + +https://preview.redd.it/488jmfmxri781.jpg?width=600&format=pjpg&auto=webp&s=3760946fd7ca83f39445b17487fb05fed676dc42 + +&#x200B; + +# Links to all VGH updates for posterity: + +[https://marinetoysfortots.salsalabs.org/2021marinetoysfortotscrowdfunding/p/VeryGMErryHoliday/index.html](https://marinetoysfortots.salsalabs.org/2021marinetoysfortotscrowdfunding/p/VeryGMErryHoliday/index.html) + +[https://www.reddit.com/r/Superstonk/comments/qnam2x/superstonks\_very\_gmerry\_holiday\_vgh\_for\_short/](https://www.reddit.com/r/Superstonk/comments/qnam2x/superstonks_very_gmerry_holiday_vgh_for_short/) + + [VGH Update 1](https://www.reddit.com/r/Superstonk/comments/qsf355/very_gmerry_holiday_update_1_5916992_of_74142069/) + +* Committee Members List +* International Apes clarification +* Donating Time (Phase 2 and 3) + +[VGH Update 2: Welcome to Pallet Town](https://www.reddit.com/r/Superstonk/comments/qvfl04/a_very_gmerry_holiday_update_welcome_to_pallet/hkwp6bn/?context=3) + +[VGH Update 3: Photos from the Irving TFT](https://www.reddit.com/r/Superstonk/comments/qvynvo/i_was_wrong_for_ignoring_ubuttfarm69s_vgh_project/?utm_medium=android_app&utm_source=share) 😲 + +[VGH Update 4: THE FINAL COUNTDOWN](https://www.reddit.com/r/Superstonk/comments/r6iuw8/vgh_update_4_the_final_countdown_deadlines_dec_10/) +Why would I sell GME at this price point when GameStop is: + +1) Beating Amazon at their own delivery service + +2) Expanding their market to more than just video games + +3) Reorganizing with a really strong board of directors + +4) Converting their retail stores to PC Cafes + +5) Made a freaking performance center in Texas - what else are they gonna make? They're also debt free somehow? Good lord + +6) Hinted at a esports department with a brand new Twitter account <- maybe fake but jesus christ it made me jack my god damn tits + +7) Lastly, nft.gamestop.com anyone? + +**The stock is truly undervalued in my honest opinion.** + +If Amazon was just an indie company out of a garage but is now valued at 3.2k - what makes GameStop any different? Seriously, why would you sell even if somehow the short squeeze did not happen? I bet you we'll see the institution have a change in sentiment towards GameStop in the near future irreagrdless of a squeeze or not. + +TL;DR: GameStop is about to be the new G in FAANG. Hedgies are fukt. HODL. + + + + + +EDIT: Alright, I'm glad this is well known lol and we have similar sentiments :) - I just see apes on this subreddit come and go and I'm not sure who read what. + + +I guess the last thing I'll say is: If there's ever an alarm of FUD - just recall our sentiment UwU +I acquired this property almost a year ago for $110k in Columbus OH, bought it for cash flow. + + https://imgur.com/gallery/L4gHyZe + + I use Stessa to record everything, it's pretty good for being free. + +The tenants have not missed making a payment in full depsite COVID. I pay for water/sewer but pass that back to them in the form of a flat fee for water/sewer. + +My expenses include the property management and PITI payment. +*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? +Went from 10 to 12 per hour. I know it's not much, but I only have to worry about myself, I don't have kids or anything. I'm going to look at an apartment on Monday. Hope it's a little bigger than the pictures I saw. LOL +Heads up to everyone that someone posted a fake Ledger Manager chrome plugin to the Chrome Web Store.... + +REAL ONE: https://chrome.google.com/webstore/detail/ledger-manager/beimhnaefocolcplfimocfiaiefpkgbf?hl=en + +FAKE ONE (Now Removed!) https://chrome.google.com/webstore/detail/ledger-manager/fngpbmgggdeddanjnlclolbophdbkchp?hl=en + +Actually when I perform a search, it ONLY brings up this fake one instead of the real Ledger Manager app, which is perplexing and extremely dangerous. + +https://chrome.google.com/webstore/search/ledger%20 + +While helping a friend get their Ledger set up and adding additional currency capability (LTC) using Ledger Manager, I accidentally added this chrome plug-in instead which was added one week ago. From what I can tell, all it did was send the user to the Ledger Wallet Official website when you click on the plugin icon... But I'm afraid it somehow did some phishing trick. + +Just spreading knowledge about this problem. Best report the app and, if someone can do investigation into the situation, that would be appreciated. + +EDIT: The fake has been removed. Good work everyone! +I posted a little back about moving out by myself, but was worried due to low income and a sleep terror condition that made it hard to live with others. + +Just scored a job working in pharmaceutical manufacturing that puts me at 75k. Gonna move out by myself, found a few simple flats and apart and apartments around the 300-350 pw range. + +I have to work the afternoon shift for it, but as a hermit, that's fine. Maybe I'll be OK after all, just felt like posting something nice. +I see a lot of firms investing in China now. I have to agree it’s a pretty good situation for Value Investors, companies with good numbers like Baidu, Alibaba, and Tencent are in a distressed situation that’s causing volatility and price decline. But there is so much shadiness involved with China can we even trust the numbers for these companies in the first place or should we be asking way more questions? What if China is just like a big Enron and the government is making companies post fake profits?What do you guys think? +I am so torn right now between attending the Berkshire Annual Meeting for next year or to use the funds to invest in Berkshire. + +Working out expenses from Sydney to Omaha for the weekend including hotels, food and local travel is AUD 6300. My heart says go but then I think what would Charlie say and I think “Opportunity Cost”, given I can watch the meeting live from Sydney as I did in 2022. + +Any advise - would like to hear from people who have been there. Is it worth it? +So I'm 25, last year I moved out of my parents house into a rental which basically used up all my money furnishing it etc. + +Next paycheck I will have 10K saved which is not that impressive vs what people on here have achieved but I'm really proud of myself! I live alone, and I've never been happier :) + +Rather than just letting it sit, would you recommend I put it in Vanguard or something? Would my bank (Bendigo) offer something good? I don't want anything high risk, just some passive tangible gains would be lovely. I plan on leaving it invested until I have another 10K to put into it, and eventually I'm going to take that money and use it for a home deposit (so like never lmao) + +I still plan on saving money, but I'm gonna celebrate by buying some things (not out of the savings account of course) I have been putting off, I'm also going on a much needed holiday next year to Melbourne (I've never gone) so that's exciting!! + +Edit: Thank you for all the kind words and great comments down below, I'll definitely check out a savings account next paycheck! :) +I currently work in a hospital doing IT, which is hectic, I'm still learning a lot (been here about 1.5 years), and is half work from home. I generally like the job, but I can tell that I'm not going to get a big pay bump unless I find a way to move on completely from service desk. I have comptia A plus, and I'm Dell tech certified. + +New job is more basic IT in a factory close to me, for a major food manufacturer. It's a much smaller IT team, and my responsibilities would plummet. There's no work from home, but would come with $5/hr more to start, which is the ceiling in my current position. + +My brain tells me to move on with more money, but my heart is worried about taking on less responsibilities and the worry about leaving a stable job. + +My eventual plan is to get into cyber security /account management. + +Is it a no brainer to making about $9k more a year? +Today I paid off my credit card debt. Or my douchebag debt as I like to call it. I was married to a man who was severely bipolar, who constantly spent money we didn’t have. We spent 8 years together and during that abusive relationship, I thought I was bad with money because somehow I ended up with $11000 owing on a card with a $9000 limit, on top of a multitude of other debts that would get docked from my pay, or from his. We never had anything, lived in a shitty, moldy flat, and he regularly racked up parking fines, speeding fines, fines for no warrant or registration (he once managed $600 in fines in an hour). Rent would somehow not be paid when he was asked to pay it, until the landlord would ring me. And then he would come home with $400 headphones and tell me they were $30. Or new speakers for his ‘DJ business’. I was constantly cleaning up and paying the bare minimum on debt. I never got to spend a thing on myself. + +He walked out on me 3 years ago, leaving me to pay rent and all the bills on my own. Didn’t give me anything. Claimed bankruptcy for himself when I tried to get him to pay. I was left with $9000 on the card, plus other debts because things ended up under my name – even though he was supposed to be the one paying. I was stupid. But he left, and even though I had over $16000 in debt to pay I was free. Every week I paid off a little bit– religiously. And even though I had $5 left to my name each week, my debts were getting paid, my bills were paid. My power didn’t get shut off like it did when we were together. And that was on my meager salary. I was doing better than I was when there were 2 salaries. + +So today I paid the last of it. It’s gone. And I have an amazing partner who has convinced me of my self worth, and I’ve discovered I’m actually good with money. I just made a really bad life decision. + +Side note- he’s now gotten his new partner into over $60 000 debt by managing to convince her to start a business that failed within a year. + +Edt: Wow. Just wow. Thank you so much for the awards and amazing comments. I never thought this would resonate so much with other people. + +I want to clarify about the bipolar though - I never blamed the bipolar. He got diagnosed near the start of the relationship and we spent years trying to get him to a place of stability. He was on medication, and in therapy until they deemed him 'well enough'. He was diagnosed as severe, high functioning bipolar 1 with mutiple manic episodes per year. + +The spending was only one very small part of the shit he did unfortunately. But I stayed because you don't ditch someone just because they're sick. I also stayed because I didn't think I had enough money to survive on my own. All the things he did are things that happen due to bipolar impulses. At the end of the day though, he didn't want to put the hard work in anymore, he enjoyed the manic feeling. So he left. And I realized he's an asshole with bipolar. + +I 100% believe people with bipolar can lead stable, + happy lives. But the hard work has to be put in. + +(The name douchebag actually came from me needing something to call him when I met my current amazing partner - they both have the same first name!! So naturally the debt gained the name douchebag debt. I advocate for giving your debt a name though - it makes it more of a solid thing you can chip away at) +I don't really have anything to add to this thread myself. Just wanted to throw it out there and see what people come up with to discuss. It's also very possible that the statement in the title of this thread is no longer true as the post ages. Here's some additional stats: + +&#x200B; + +PE ratio: + +Nvidia: 73 + +Intel: 11.3 + +&#x200B; + +Revenue: + +Nvidia: 11.78B + +Intel: 75.7B + +&#x200B; + +Gross Profit: + +Nvidia: 6.77B + +Intel: 42.14B +Starting early today due to premarket volatility. + +GME press releases today: + +[GameStop Announces Preliminary Sales Results for the First Nine Weeks of Fiscal 2021 Reflecting an Approximately 11% Increase Compared to the Prior Year Period](https://investor.gamestop.com/news-releases/news-release-details/gamestop-announces-preliminary-sales-results-first-nine-weeks) + +[GameStop Announces At-The-Market Equity Offering Program](https://investor.gamestop.com/news-releases/news-release-details/gamestop-announces-market-equity-offering-program) + +Obligatory: HOLY MOLY! HOLY MOLY! HOLY MOLY! HOLY MOLY! HOLY MOLY! HOLY MOLY! HOLY MOLY! HOLY MOLY! HOLY MOLY! HOLY MOLY! +I was just called on my Verizon Wireless cell phone, the caller ID showed up as "Voicemail" - I thought, that's odd. I usually don't answer calls if I don't know the person, but I answered this one. Immediately a robot starts talking saying it is Verizon and fraud has been detected on my account, press 1 to deactivate your account or press 2 to speak to a customer service rep. So I press 2 and a woman is on the other line saying she works at Verizon Wirelss and fraudulent activity may have been found on my account. She asks me if I ordered an Iphone XS to North Caroline. I live in New Jersey so I said no I did not. She asks me if I know a certain persons name and address, again I say I don't know that person or address. She says ok there has been fraud on your account, we're going to lock it down and take care of that for you, for your security we are going to send you a number through text, when you get that please read it back to me. The text comes and it says something to the effect of: + +"Below is your temporary password. Please remember Verizon will never contact you to ask for this number. + +23482349 (bunch of random numbers)" + +Thankfully I read the full text. I said to the woman "It says here Verizon will never contact me to ask for this number." She doesn't miss a beat and responds with "Yes we will only ask for that number when we call you before hand and tell you what we are doing, that is to prevent any scammers from getting their hands on it." So I responded "Like you?" She continued to go on saying how she works at Verizon and needs the number to prevent this fraud right away. I then hung up on her and called Verizon with the number from their website just to be sure there was no fraud, and of course there wasn't. + +What these people did is they went to VerizonWireless.com and entered my phone number into the username/password login form. You can login with your number on vzw. So they put in my number and click forgot password, which resets your password and texts you a new one. If I had given that number that was texted to me to this woman she would have then been able to reset my account password to whatever she wanted and I wouldn't have been able to get back into my account. She could have ordered herself whatever she wanted from within my account. So please beware, if someone calls you from a company and says there is fraud hang up on them immediately and call the company from a number on their website. It will cost you only about 30 seconds and save you a ton of trouble! +Young 30’s / married, no kids / combined \~700k per yr on the rise + +Assume for a minute you worked for about a decade at a tech company amassing \~3M (thanks AAPL!) in stock after never selling, representing \~80% of your NW. The 20% remainder comprised of primary residence, 401k/personal brokerage, and a limited, but growing amount of RSU’s in yet another tech company. I feel both stupid and lucky for letting it all ride considering the stock growth in hindsight, but now I’m looking ahead. + +If you were looking to FATFire in 5-10yrs (NW target TBD, but >6M) would you sell and take the hit to diversify into index funds? Or continue to build diversity in new investments? I’ve also been exploring taking a sabbatical year, which could allow me to realize the 15% cap gains level. +Working on LeanFIRE (getting close) then onto FatFIRE but I’m always curious as to those who hit road bumps along the way and recovered. + +When I first started working, I made sure to put away a good amount of money every single paycheck. I didn’t just let that money sit though, it went straight into the stock market (mix of “safe” index funds and then handpicked companies I liked). First few years went well riding up the bull market but I kept thinking “this market can’t last” (so wrong as it continues to be a bull market today 8 years later). + +I decided I wanted to put some of my money elsewhere. Started investing in friends starting businesses with small loans and it ended up being pretty good. A few thousand here turned into larger and larger investments and it was still going well. “Well” for someone a few years out of college and working an average salary day job. + +Then one day, a longtime friend who had been doing well starting his own little ventures introduces me to his buddy who had started a small health food company. After speaking, I decided to invest - without doing the necessary due diligence. I read up about the company and saw their numbers but I didn’t background check the guy since I trusted my friend. + +Long story short: Turns out this “friend” of friend had a pretty shady past with his business partners. The first year or so was fine then he showed his true colors and eventually went off the grid, with all my investment: $60k at the time (several stages of investing). + +That shattered me as I was in my mid 20s and that’s a lot of cash for someone at the age let alone any age. Even worse, that money I had pulled out of the stock market was invested in $AMZN at a cost basis around $330/share. FML. + +Anyway, that life mistake has haunted me ever since. I’ve never been able to track the guy and recoup my money. Hard lesson learned and I constantly think about how much money that would be now if I had instead left it in $AMZN. Oh well. Back on track for financial goals. + +As much as I love all the celebratory “I made it, I’m rich” posts. Would love to hear some money mistakes made and lessons learned before achieving FatFIRE! +I have a property in California that I currently “rent” to my sibling and her young family. They’re renting for well below market value. I have been saving the rent they paid and intended to gift back that money. My original plan was to take that money and help them buy their own home. But with prices going up so high I don’t think we would be able to afford a similar home in the same area anymore. She has 4 young kids and they’re very much in love with their neighborhood. + + +I paid cash for the home in 2019 so there is no mortgage. + +I was wondering what would be the most efficient way to gift this home to my sibling? The homes value has skyrocketed (up over 150k) in the last 3 years. Would I be on the hook for capital gains if I transferred the home into their name? What other tax implications are there? Would a quitclaim transfer trigger a transfer tax? + + +I have done some research online and there seem to be a lot of options and they’re all a bit confusing. I was just hoping for some advice before I speak with a lawyer. + + +Any advice would be greatly appreciated. + + +Edit: wow thanks for all the replies, after further research it might be best to put the home in a trust and make her a beneficiary as someone here suggested. I’ll be speaking to a CPA and an attorney later this week to go over all the options and see what works best for us. + + +Thank you very much for the replies. +UPDATE 1: + +I have reviewed the trust documents, which I really should have done before posting. The 2nd wife does NOT have life tenancy. The trust states my FIL has life tenancy until he passes. Then below that section is has this: +**"2nd wife's full name" may stay in home for a reasonable amount of time after "FIL's Name" passes. + +Well that's a clause you can drive a bus through. There are no funds designated in the trust. Just the home. I **mostly believe** 2nd wife will want to leave the house within 6 months, but don't trust her. And who do you think is going to cover the cost of expenses in those six months? Yeah, my wife and I. + +My wife is realistic that her sister isn't going to do anything to help out financially or maintain the property. A bit of good news is I know the roof is less than 5 years old and the whole place is well maintained; one thing my FIL did right as owner of it. My wife thinks if we take on all the financial and maintenance responsibilities that we have more of a right to it's use. I know we legally don't. Unless we have a contract with my SIL, her and my wife will always be 50/50 owners, even if my wife just paid off the mortgage outright. + +I'm well aware that consulting a lawyer would be the prudent thing to do. All of you saying that probably haven't gone through a situation like this; consulting a lawyer about your inheritance when your father is dying will be the last thing on your mind. Else if you do, you are afraid how it looks to others when they find out and you tell them about it. You fellow inheritors (siblings, cousins, whatever) think you consulted a lawyer to try and get more than what is yours. People do go fucking nuts when they are emotionally distraught over a loved one's passing and money is being handed out. I have seen it several times within my social circle. My wife is reluctant to bring a lawyer into the situation because of how it might be perceived by the SIL or 2nd Wife. My wife tends to be a pragmatic, logical person, but she was a daddy's girl growing up and his illness has brought some extreme emotional distress. Anytime I try to discuss this whole problem with her, she becomes overwhelmed and frustrated with me regardless of how I approach it. + +tldr; I'm seeking info about how to handle refinancing a mortgage on a property soon to be inherited by my wife and her financially irresponsible sister. It's a property we want to keep since it's been in family 3 generations. I need help with the following questions: +1. When it comes to refinancing, how might my sister in law's shitty finances affect the outcome? +2. How should we use a $100k life insurance payout to help augment payment of the mortgage? One lump sum before refinancing to reduce remaining mortgage or to buy us time, using it for monthly payments, until sister in law gets her act together to help out financially? +3. The FIL's 2nd wife gets to stay in home as long as she wants after his passing, despite it going into my wife and her sister's names. How do we ensure the 2nd wife helps with mortgage until she leaves the home? + +EDIT: made an edit below to clarify who are beneficiaries and who are trustees of the trust. + +LOTS OF DETAILS BELOW: +My father in law is terminally ill and will pass his home to my wife and her sister. It's a nice beach cottage that we want to try to keep since my wife and her sister will be the 3rd generation in family to own it (re: sentimental value). I have only been a part of a few discussions about this and know probably 90% of the details. My wife and her sister will look at me to eventually help with all the financial aspects of this inheritance because I did all the mortgage research, purchase leg work and manage a rental property my wife and i own. However, the sister in law here adds complexity to all that + +About the home: It's worth close to $1 million and is located on the water in a beach town. It's a nice beach cottage that my FIL and his second wife have been living in full time for last 8 years. Upon my FIL's passing, the home will be placed into a trust. His 2nd wife and his sister are the trustee; my wife and SIL are the beneficiaries. The home has about a $240K mortgage left on it with a $2900 monthly payment. Taxes are $11K annually. My FIL also has a $100k life insurance policy payout that will go to my wife and her sister; he has been pretty clear this is to help with the mortgage left on the home. + +My wife and I make great salaries but are not in a position to pay $2900 per month for this home. We rent a vacation property in VT that we hope to use for ourselves someday when we have kids in addition to living in Boston and paying a ton of money for rent. We are financially comfortable before inheriting my FIL's home. + +My wife's sister is a different story. She's younger than my wife (27 years old and 31 years old), still lives with her mother, after having to move out of her boyfriend's place after a nasty breakup. She is about to lose her job at an insurance broker because the work environment is toxic and she suffers from some anxiety issues that cause her mental anguish by high stress situations. She has a degree in art. I try to be empathetic to her situation in life, but do not want any legal or financial ties to her (nor does my wife). She's a disorganized, impulsive person who can't manager her own simple finances. She believes the $100K insurance policy is free money to be split in half with my wife and then spent however they want to; she does not see it as a way to help with the house. When you try to help her with them, her anxiety takes over and she flips the fuck out...really not a person I want financial ties to and not someone who is any position to help with mortgage payments. + +When this house and mortgage come to my wife and her sister, they (and now me) are on the hook for the mortgage. We will have to refinance to be able to afford it. And here's more shit to add to this pile: the 2nd wife gets to stay in it after my FIL passes until she decides to leave. The 2nd wife shares a lot of the same traits as my sister in law: terrible with money, impulsive, and suffers from anxiety issues; she's 57 and "retired" when my FIL did and refuses to go back to work in financial product sales which was a well paying job (6 figures). Oh, and the cherry on top of this pile, her daughter from her previous marriage is a 23 year old heroin addict and has a 15 month old baby that the 2nd wife is forced to take care of. The heroin addict daughter is not in the home, but in and out of rehab centers. + +So, I need to help my wife and sister figure out how to make this all work. My wife and I are willing to maybe move into the home for a time and suffer through 1.5 hour commutes. We also could rent the home out and do very well covering the mortgage, but can't rent it while the 2nd wife is occupying it (with a toddler). Wife and her sister will not sell home (which I think is the best plan) because of the sentimental aspects. Any other advice besides the questions up top is also welcome if others have had similar experiences. +ITC has not given any returns to investors in the last 5 years while the Nifty has gained 27% what do you guys think about the future of ITC? Do you feel one must remain invested or move to another FMCG like HUL or Dabur which has delivered much better returns? +For the past year I have been reading about the "bubble" of ETFs (e.g. https://www.google.ie/amp/s/amp.cnn.com/cnn/2020/08/18/business/passive-etfs-stocks-gold-bonds/index.html). Many have compared it to the 2000 and 2008 bubbles but I don't see how they could be related: + +- The dot-com bubble was about overvalued tech companies, we are in a similar period but I don't see how this could impact the ETFs more than the stocks themselves. + +- The CFD bubble was jumpstarted by the people not able to pay for their mortgages. I really don't see anything similar happening to the ETFs market. + +My question is about the risk of ETFs vs Stocks. What is the inherent risk of the ETF itself? Let's say SPY, CSPX etc. I'm not talking about the risk that comes from the loss in value of the underlying index. I'm talking about the risk of the fund management themselves. + +Is there any additional risk that must be considered when buying ETFs over stocks? Is there any way in which an ETF could fail (by a lot) in replicating their underlying portfolio? In particular I'm interested in physical replication ETFs. +Guys. Guys guys guys I have never been so excited about a job in my life. It's not anything high paying but I mentioned that I'd love to become a manager and they were like, yeah there's plenty of room to grow. I'm going to be working with the person who reccomended me for the job, I'm knowledgeable in the field, and just. + +I'm going to be able to wear bracelets again. It's stupid and weird but I'm so used to food service and labor jobs that I haven't been able to wear a bracelet at work since I was 16 when I started food service. I'm out of food service and I'm going to be helping people with knowledge I've gained. + +I'm so happy y'all. I can finally start paying off student loans. +*TL;DR: Guy has a great job for many years. Gets big crypto windfall at the height of his career. Now feels like his job is pointless and trying to figure out life. Boo hoo feel bad for him. I'm such an idiot.* + +I'll keep this quick(ish) for all of us short attention span havers. I'm 35 years old, I have a career in a field where I get to be a creator (sort of a YouTuber, sort of an artist, sort of a "travel guide", sort of a filmmaker, sort of an on-camera personality, BUT I have bosses telling me the kind of stuff to make). I **was** obsessed with this job/industry for the better part of a decade. For many years I got lots of travel, nice hotels shooting in foreign locations, eating nice dinners and lots of admiration and respect from peers and colleagues. I watched my income grow from mid $30k to literally 10x that over the span of 7 years. And, fortunately, I never acquired a taste for expensive things (save for some industry gear). So that meant I was saving a LOT of my income yearly. Well on my way to FI/FatFI before I even knew about this philosophy of investing. + +In 2014, I discovered bitcoin. Please, please. I know that many here think bitcoin in a huge speculative gamble and after riding through a major UP and DOWN, you are preaching to the choir. Regardless, I love the idea of it and fell deep down the rabbit hole– reading and watching every bit of content I could find. Over the span of a year and a half I put ALMOST everything I saved into it– figuring my earnings would set me back ahead even if it tanks. (Again, I crazy/foolish I **know).** Long story short, the bull run hits in 2017, and I can't fucking believe it. Over the course of 6 months, hands shaking, I cashed out (after tax) about 2.8 million. I didn't even sell at the top. + +Around this time, I was trying to learn how to "live off the interest", get off that crazy rollercoaster, invest **RESPONSIBLY–** I discovered FIRE, and was like "holy shit" this is it! I jammed everything into a simple three fund index-based portfolio of US Equity/Foreign Equity/Bonds. + +I kept working (way less) for almost 2 years after that, but everything mentally changed. Suddenly, once the monetary excitement was stripped from doing work, all the other pluses felt...dull. Like, I can get "nice hotels", "lots of travel", "good dinners" etc... without a job now. + +I hit 3.5 million this year and have been taking a break completely from work for 9 months now. Traveling, contemplating, philosophizing, visiting friends, leaning into hobbies/pastimes and honestly trying to figure out what my life means to myself and others now that at a 3.8% SWR, after tax, I can **SPEND/DONATE** $10,000/month forever. That's my needs, wants and then some. Why would I do anything that a boss/client/manager wants me to do when...I don't have to? + +I'm at the same mental place a LOT of people get to when they hit their number. The problem is two-fold, One, I used to looove my job and it was a source of lots of excitement in my life. Hard to recreate that with just money, but I also don't feel like doing the work it takes just to get the high status stuff. Two, I don't feel like I deserve this **at all** because I got here earlier with a lucky bet on crypto. I would have definitely gotten here, but maybe in my 40s and I would have felt I actually earned it. + +Basically, it feels like I used a cheat code on my life and now I'm not sure how to make it fun again. And don't feel like I "deserve" to FIRE. This is such an unrelatable problem, but I thought this nonjudgemental community might have some insights or nuggets of wisdom. +I work in retail and one of the biggest focusses we have is on EBITDA. For anyone who doesn’t know, this is Earnings before interest, taxes, depreciation and amortization. It is a measure of how well a business is doing with controllable costs, and over the last 12 months HITI has improved drastically on this. For me, this is a great indication of good management and/or improved operations. HITI is growing fast and is the largest entity that focus on the retail sale. Now, I’m not going into any of their stores because I don’t smoke. However, they have purchased the one in the city I live in and I know the business was doing well. +The downside is how quickly they are growing, and the cost of it. Looking into the the purchase price of the location here, I think they paid too much and the payback is going to take over 6 years. Now, for some people, maybe that’s fine, but maybe they paid a premium because they were entering a new market. There is a buttload if information online, and the best thing that I like is the absorption of META which was doing very well on its own financially, but they decided that rather than competing with HITI they would join together. This is an instant growth and reduces competition to focus on the entire market which has massive growth potential. These are links to the financials of both companies for the latest posted times: + +High Tide-I used this one as it has more information than the one on their site. + +https://www.newcannabisventures.com/high-tide-sales-increase-19-sequentially-in-q3-to-c23-2-million/ + +META + +https://metagrowth.com/ +Money has been tight for me, like it's been tight for everyone I imagine. I have had to go without eating for a couple days at a time due to lack of funds. My last trip to the food bank, I was given 5 cans of black beans, a bag of jasmine rice, a loaf of bread and a box of knock off frosted flakes. That's how low of a quantity things have gotten. But I didn't complain, said thank you and went home. + +Today I cooked. Plain jasmine rice on the stove and a can of black beans with some salt, pepper, paprika and Adobo seasoning. Mixed the beans and rice together and sprinkled some shredded cheese on top. It isn't the greatest tasting thing, but it filled my belly up and it's one more day I don't have to worry about what I'm going to eat. It's the little things to be thankful for right now. +I am a retired FatFire + +I recently found a holistic laboratory / testing service that was recommended by a friend - blood, stool, saliva, etc - with goal of building a detailed genetic and lab profile + +Good news is 95% in the clear! But a potentially serious item stood out - "very high" lab result for Lipoprotein(a) likely caused by a genetic marker (which they are testing for). + +That said the lab comes with counselors, staff doctors, but I don't get the feeling that they have deep expertise on a per issue basis. + +Would welcome other FatFires - anybody recommend things like concierge health, or a teledoc service to get me the best quality docs w/specialties around these things? + +Also welcome ideas of where to cross post this on reddit to search for referrals :) +LitteAxs is a RewardToken with which you can earn AXIE INFINITY by just holding. LittleAxs is completely community driven and has great potential to be the next moonshot. Based Dev and great marketing plans in the pipeline! We have an amazing community of diamondhands that is supporting this project! We welcome everyone to join and earn AXIE INFINITY. + +I think this is going to be huge and I'd feel bad if I didn't try to let as many people as I can know about it. Join our telegram group and be part of a real HODLER army! + +Dev is from Switzerland, is super active and joins the voice chat as often as he can. He is constantly using the marketing money to get some of the most famous influencers get the word out about our project. + +The Contract is Verified Liquidity is locked for 1 year! + +WE CAN BECOME SUPER RICH IF WE HODL THE LINE! + +You can see our chart! It is constantly going upwards and doesn't seem to stop anytime soon. As always, this is not financial advice, DYOR and don't invest money you need for food or rent. + +There is a tax on every transaction, it consists of 3 components: + +\- 7% Rewards as $AXS to the holders + +\- 5% Marketing as $AXS + +\- 3% Liquidity + +Our Socials: + +Telegram: [https://t.me/littleaxs](https://t.me/littleaxs) + +Website: [www.LittleAxs.com](https://www.littleaxs.com/) + +Contract: 0xa8495e49858249363bb23d797c9895adc2c0c18e + +Thanks for reading! And we hope to see you on board soon! LITTLEAXS team! + +Whilst the whole crypto space took a beating this week, nothing stopped at Bingus. Instead of moping around constantly refreshing the price, the team stuck their head back down and kept working. Within a few hours, we bounced back with an easy 3x because people know how comfy a hold bingus is. At the moment, we're at an excellent entry price for newcomers. As the market rebounds, so will Bingus, and oh boy will we bounce back hard. + +So why are we so bullish in the upcoming weeks? + +* Well Bingus was JUST listed on two new centralized exchanges (CEX) and a new decentralized exchange (DEX) in the last 24 hours. +* ProBit, HotBit and Snowgecoin +* Just hours ago, Bingus launched a new staking mechanism (thanks to our partners at Blowfish) where you stake Apeswap BNB-BINGUS LP and earn more Bingus! +* Next week, Bingus has a massive event hosted by our partners at Dogira.net. They will be auctioning off 5x NFTs of our celebrity endorsers (see below). And the best part? They will be sharing it to all their fans on their social media platforms +* In recent HotBit AMA, the lead developer Mike Cerisano announced that he is in discussion with Rocky Kanaka and his team, as well as many animal shelters around the USA to build a tool for them that would track, store and unify information about animals that go through their system, taking instruction and guidance directly from the end user. + * This was a soft announcement, with a more concrete roadmap to follow in a few weeks + * They have already secured the developer team that will be building this + * Bingus is creating utility #notjustashitcoin + +Quick facts: + +* The project donates to animal charities by collecting a percentage of all transaction fees. +* 1% charity, 1% burn, 1% reflect +* 876 billion circulating supply (down from 1 Trillion) +* Market cap $5 million (but not for long!) + +DEXs: + +* PancakeSwap (still v1 for now) +* Apeswap +* NEW Snowgecoin + +CEXs: + +* NEW Hotbit (listed 24th May!) +* NEW Probit (listed 27th May!) + +Passive income opportunities: + +* 1% reflect from holding in wallet +* BNB-BINGUS Apeswap LP yield farm on Takodefi and earn TAKO +* TAKO-BINGUS Apeswap LP yield farm on Takodefi and earn TAKO +* Stake GNANA and earn BINGUS on Apeswap in the Apezone +* NEW stake BNB-BINGUS Apeswap LP in the new staking pool and earn BINGUS + +Upcoming and recent events: + +* Hotbit listing (complete) +* Hotbit AMA (complete) +* Hotbit trading competition +* Probit listing (complete) +* New staking pool (complete) +* Dogira.net NFT auction for charity in partnership with all our celebrity patrons + + +Celebrity endorsements who will feature on Dogira NFT auction + +* Michael Rainey Jr, lead actor on the TV show Power +* bbno$, billboard top 100 USA rapper +* Moist Cr1TiKaL, streamer and Youtuber +* Rocky Kanaka, Emmy award winner, Netflix TV star and Youtuber +* Crispy Concords, Youtuber + +Donations: + +* Over $50k donated (and an extra $20k raised with Dogira last week) +* See the donations page on the website for a full breakdown + +Come find out more on the telegram channel: t.me/bingus_token +Or discover Bingus on their website: [bingus.io](https://bingus.io/) +This guy does not get the respect he deserves. Every time someone talks about purchasing with bitcoins, everyone just says ‘I don’t wanna be like the guy who bought pizza with his bitcoins.’ Did anyone know bitcoin was going to be worth 60k 10 years ago? Fuck no. This guy normalized paying with bitcoin so other people could take it seriously, and here it is years later performing stronger than most fiat currencies. Satoshi nakamoto created bitcoin with the intention of replacing the centralized monetary system. Give the pizza lover the respect he deserves. +This is in response to a comment earlier about millennial buying the assets boomers are selling. If we are talking about current stocks I would argue the opposite is happening. Stocks are so expensive (both in P/E and nominal pricing). Because housing and stocks weren't truly allowed to collapse during covid millennial are buying assets at high valuations when recessions are normally times for generational wealth transfer. As Boomers are more in wealth preservation they are not at as much risk from a market collapse as younger people are at this point. + +I think the way millennial will become the wealthiest generation in the world would be through inheritance. This of course will mean that a specific few millennials will be extremely wealthy and the less fortunate will have to deal with the consequences of astronomical debt. We see repeatedly that federal government is inclined to cut taxes on the wealthy and corporations and cut spending on social and infrastructure programs that benefit the many. +I just received this email from Motilal Oswal: [https://www.motilaloswalmf.com/emailers/2022/index-funds/International\_Index\_Fund/Suspension\_Notice/index.html](https://www.motilaloswalmf.com/emailers/2022/index-funds/International_Index_Fund/Suspension_Notice/index.html) + +&#x200B; + +This is not looking good, when the email explicitly states that there is no clarity on when the limits will be enhanced. I am not sure what should I do with my Nasdaq100 ETF holdings, as it is almost 25% of my portfolio. Thoughts? +As the title states, my father has used my identity to take out over $400,000 in loans, as well as, maxing out 2 credit cards. I found out a couple weeks ago after receiving calls from a collection agencie and doing a bit of investigation into my credit. I filed a police report today. My girlfriend has just received a job offer at a hospital in another state and we were looking at moving. Now I fear we won't be able to buy a house, because she has no credit and mine has been destroyed. I'm panicking now and don't know what else I can or should do. I know it was my father because we have never had a good relationship, and he was released from prison around the time all of these loans and credit cards were opened. +What’s your story? I’m curious how much work you need to put into a large number of units when property managers are in place. I’m always dreaming of having a ton of units that are a variety of property types, but I’m not sure how many units is too many units. Thanks in advance for any advice/insight! +Call your senators. +Call your representatives. +Call everybody that could ever have input. + +We get their support. It’s a good bipartisan bill. They want your vote and they should support this. +If you have been on the internet today, I'm sure you've heard that there are tons of deals on Amazon for Prime Day. There are also deals led by other companies, such as Target which will be the focus of this post. I will not be buying anything from Amazon since it's mainly tech items that I don't truly need. + +This is more of a PSA to my fellow redditors who are looking out for sales on common items. Target is offering 5% off gift cards as well as 25%+ off home and beauty items. I am primarily targeting things such as dental floss, shampoo, body wash, laundry detergent, etc that won't go bad and I know I will use at some point. Other items of note that are on sale today include tampons, mucinex, hand soap, qtips, hairties, and chapstick. It's free shipping on orders over $35 or you can do order online with free in-store pickup. I'm so happy to see a black friday-esque sale for things I actually need and use instead of just the latest roomba or Alexa. Hope this helps some of y'all. +I hope everyone has their big boy/ girl pants strapped on. + +Tomorrow is in my opinion gonna be a violent one. + +No shorts Friday and Monday. Makes no sense unless they are gonna do the rug pull like they did last week. Or the week prior.. + +Yes we are making progress. DRS isn’t close to taking affect, they are just saving ammo for when they want to drop us $30 in a day so they can run news on how shit we are. + +Make no mistake. + +Be hyped and enjoy the green, but know that we are still at war. + +Edit: thanks for the awards. I have no idea why some posts do this and others go to the bin. But cheers +[Info](https://twitter.com/JimPethokoukis/status/1240987869709250560) + +Some perspective: Worst year in the Great Recession: -2.5% decline in GDP. + +Goldman is now saying -3.8% this year. Last time that happened was 1946 (-11.6%, post war) and the Great Depression years. +Housing prices in my country (Estonia) have increased dramatically in the past few years, so I've been thinking that in the long term it might make sense to own rather than rent. I'm aware that right now it's a "seller market" so I'll just keep saving for a few years. But how do I know when is it a "seller" vs a "buyer" market? Does it make sense to wait for a buyer market? +GME with nearly $2B in cash and no debt is as safe from bankruptcy as any company in America. + +Everyone I know has been adding shares. And eventually, the shorts (or their clearinghouses after they are margin called) will be buyers as well. + +It's no longer necessary to watch the ticker. The price is wrong. The outcome is inevitable. + + +I've seen a lot of post talking about $Tnxp lately and some people I've seen have wanted initial DD so here it goes. + +[https://www.tonixpharma.com](https://www.tonixpharma.com/) Taken directly from their website: + +**Tonix Pharmaceuticals Holding Corp (NASDAQ: TNXP) (Tonix) is a clinical-stage biopharmaceutical company committed to discovering and developing innovative and proprietary new therapeutics that address the needs of patients. We focus on developing small molecules and biologics to treat CNS (pain, neurology, psychiatry, addiction) and immunological (vaccines, immunosuppression, oncology, autoimmune disease) conditions.** + +**THEIR PIPELINE OF DRUGS:** + +[https://finance.yahoo.com/news/tonix-pharmaceuticals-announces-positive-phase-120000688.html](https://finance.yahoo.com/news/tonix-pharmaceuticals-announces-positive-phase-120000688.html) + +**TNX 102:** A Fibromyalgia drug in phase 3 trials that already had positive results in it's first part of it's phase three trials. Yes Fibromyalgia and the stock is still under 2$ with a market cap of under a billion. Now how much is Fibromyalgia worth ? See for yourself. [https://www.globenewswire.com/news-release/2019/05/10/1821834/0/en/Fibromyalgia-Treatment-Market-to-Surpass-US-3-607-3-Million-by-2026-Coherent-Market-Insights.html](https://www.globenewswire.com/news-release/2019/05/10/1821834/0/en/Fibromyalgia-Treatment-Market-to-Surpass-US-3-607-3-Million-by-2026-Coherent-Market-Insights.html) + +**For those too lazy to click the link it's estimated to be worth 2.8 billion.** **Oh yeah and there's less than three drugs specifically used to treat fibromyalgia approved on the open market by the FDA.** + +**TNX 1500:** Used For the prevention AND treatment of organ rejection. Also, they are working with Mass General Hospital on this. [https://seekingalpha.com/news/3648714-tonix-pharma-gains-13-on-tnxminus-1500-deal-in-kidney-transplant-rejection](https://seekingalpha.com/news/3648714-tonix-pharma-gains-13-on-tnxminus-1500-deal-in-kidney-transplant-rejection) + +**TNX 102 SL FOR ALZHEIMERS:** + +[**https://www.tonixpharma.com/therapeutic-areas/aad**](https://www.tonixpharma.com/therapeutic-areas/aad) + +Remember TNX 102 from earlier? The improved sleep quality seen in earlier clinical trials of TNX-102 SL for other disorders suggests TNX-102 SL could potentially be an effective treatment for agitation in Alzheimer's disease. Currently, there are no FDA-approved treatments for AAD, despite a high disease burden and a need for an effective therapy. **TNX-102 SL for the treatment of AAD has been designated by the FDA a Fast Track development program**, designed to facilitate the development and expedite the review of drugs to treat serious conditions and fill an unmet medical need. **YES FDA FASTTRACK. WORTH 3.5 BILLION** [**https://www.medgadget.com/2020/09/alzheimers-drugs-market-detailed-overview-market-analysis-manufacturers-and-latest-trends-forecast-to-2030.html**](https://www.medgadget.com/2020/09/alzheimers-drugs-market-detailed-overview-market-analysis-manufacturers-and-latest-trends-forecast-to-2030.html) + +**SO YOU WANNA HEAR BOUT THEM COVID VACCINES AND PROJECTS :** + +**VACCINE:** + +[https://www.tonixpharma.com/pipeline/tnx-1800-coronavirus-vaccine](https://www.tonixpharma.com/pipeline/tnx-1800-coronavirus-vaccine) This quarter they will presumably be done with monkey trials and will move onto human trials. TNX-1800 is being developed by Tonix Pharmaceuticals in a strategic collaboration with Southern Research a respected research organization developing with them. Also, they already talked/released some about positive results. **THIS ALSO USES T-CELLS meaning anyone could basically get this vaccine. That guy Fauchi talks a lot about T-cells just saying** + +[**https://fujifilmdiosynth.com/about-us/news/tonix-pharmaceuticals-announces-fujifilm-diosynth-biotechnologies-to-be-manufacturing-partner-for-covid-19-vaccine-candidate-tnx-1800-2/**](https://fujifilmdiosynth.com/about-us/news/tonix-pharmaceuticals-announces-fujifilm-diosynth-biotechnologies-to-be-manufacturing-partner-for-covid-19-vaccine-candidate-tnx-1800-2/) **They also have been working a little bit with Fujifilm.** + +**Buying two big facilities for vaccines outright** + +[**https://www.globenewswire.com/news-release/2020/12/23/2150047/0/en/Tonix-Pharmaceuticals-Plans-Commercial-Scale-Vaccine-Manufacturing-Facility.html**](https://www.globenewswire.com/news-release/2020/12/23/2150047/0/en/Tonix-Pharmaceuticals-Plans-Commercial-Scale-Vaccine-Manufacturing-Facility.html) + +**SKIN TEST FOR COVID:** + +[https://finance.yahoo.com/news/tonix-pharmaceuticals-70m-plans-develop-181512513.html](https://finance.yahoo.com/news/tonix-pharmaceuticals-70m-plans-develop-181512513.html) + +**Institutions loading up through offerings:** + +**50 Million Shares at 80 cents** [**https://finance.yahoo.com/news/tonix-pharmaceuticals-holdings-corp-closes-210500731.html**](https://finance.yahoo.com/news/tonix-pharmaceuticals-holdings-corp-closes-210500731.html) **Generating 40 million.** + +**58 Million Shares at 1.20$ That closes AFTER HOURS TODAY.**[**https://finance.yahoo.com/news/tonix-pharmaceuticals-holdings-corp-prices-153000940.html**](https://finance.yahoo.com/news/tonix-pharmaceuticals-holdings-corp-prices-153000940.html) **Generating 70 million.** + +**Before this they had around 40 million banked looking at the last quarter add the new two funding/offerings that means they 150 MILLION IN CASH.** + +**After these offerings the share float will be a little over 300 million. Assuming the institutions didn't flip for pennies this means they own essentially a little under 33% of the stock.** + +**EDIT: I almost forgot in 5 or 6 days it will regain Nasdaq Compliance as well.** + +I got in last year for 4300 shares @ 1.01. Unfortunately I don't have the funds to buy more. I hope this answered your questions ladies and gentleman about TNXP$. Get in while it's still low and happy trading and good luck out there. Let's all make some money. +I cant stop looking at my CC account showing a balance of $0.00! Paying it off was incredibly difficult and stressful. Many times I felt like it would never go away until I got it below a 1,000 dollar balance. Thats when it felt like the end was finally near. As a result of paying it down my credit score soared from low 600s to standing at 756. + +I paid 300 dollars a month on it, plus tax refunds each year. That extra money can now be saved and used to improve my quality of life dramatically. + +If you are in high CC debt. Just bear down and keep chipping away at it. It will feel hopeless at times but as the debt shrinks the payments start taking bigger and bigger bites out of that balance. It takes patience and grit and alot of discipline. But it is completely worth it! +I’m a 24 year old who just finished their first year of work. In that first year of work COVID scared me and I wanted to build up my emergency fund as much as possible incase I got laid off due to the pandemic. This caused me to not invest over the year in an Roth IRA, I did invest a decent amount in my 401K though. I now feel very safe with my job and even got a huge raise. I ended up taking 6K out of my savings and put it into a Roth IRA I just created. I want to eventually put this money into whatever index Fidelity uses that tracks the S&P500, but how should I actually get this money in the market? One lump transaction or break it up over a couple of months? + +Edit: +Just put it all in a couple minutes ago. Thanks for all of the advice. +Hi All, + +I'm a wannabe real estate investor. + +So. I guess I'm looking for encouragement or criticism or stories. + +**Background:** +I have a lot of experience managing property from years past, and as I am an immigrant to the US, I have always seen owning RE as the pinnacle of success. + +Today, I have a main job that's in tech and provides me with a stable income, and I am looking to diversify our investments to provide stability for our family as we will move to single income in the next few years. I've been wanting to do this for so long, that I've literally evaluated 100s of properties using cap rate calculators, my own spreadsheets, and various real estate agents. In 5-6 years, i've only been serious about two properties because everything else falls below my ROI threshhold. Peers of mine have bought multiple houses - houses I wouldn't have touched with a 10 foot pole because of their rates - and made out like bandits on the rent increases or equity growth. + +One property I lost out on at the offer stage. The other was mine and I chickened out (Retrospectively, i should've taken it.) (Important to note that I'm looking for remote investment opportunities b/c I live in a HCOL and can't afford to invest here.) + + +With all of that said, I'm feeling pretty down in the dumps and I was hoping to hear your stories or feedback on getting started. Am I suffering from analysis paralysis? Is it normal to be evaluating for this long without biting? Then covid hit and I thought it would be my time to buy! But no, values rose. + + +**Question:** + +Is it stupid to just give up on my dream of owning RE? I gotta be doing something wrong here, so maybe it's time to move on. Open to any ideas or criticism. + +&#x200B; + +Signed, + +Fake Estate +Today I lost all my gains from prior week from one single trade. I got too cocky winning 5 days in a row and I thought I could predict the direction of the market without looking at my technical indicators. All the indicators told me not to take the positions. I ignored them and brought 100 puts on SPY. I paid the price. Lost 5.2k. +There is a substantive amount of posts on this sub about post-FI emptiness, and being adrift while figuring out what’s next. + +I think this is related to people pursuing financial security at the cost of their general mental well-being. + +It’s also likely that the (dis)affected voices are just more vocal. So, here’s a question for people who are either at faFI or more than 75% of the way to their goals: + +Are you happy? Content? *And what steps are you taking to ensure your continued happiness?* +In July I started my own business in hosting Wedding Shows, I registered the business and didn’t plan any profits until my 2nd year. I spent near £7000 of my own money on starting up the business. In total I had done 11 shows in London and Hampshire up until Feb 2020, the business was going very well and I had great reviews all throughout. All profits from the shows went on advertising that show and future shows, I had a small emergency fund put by in case of any needed refunds. I have bad credit and loans are not an option for fixing anything + +Since Coronavirus I have lost everything, my business is impossible to run and profit, people are no longer interacting with anything I do on social media or my website and I have had to cancel all 20 shows planned for this year and refund all of the exhibitors. + +I’m now on Universal Credit and can barely afford to feed my family and I have 0 savings because it was used for my business. + +So not only am I completely struggling with everything, I am also giving up on my business. It could be months before I can hold another show and I can’t afford to anyway. + +I’ve never had suicidal thoughts before and never though I would, but now I do. Every second of the day. I’m afraid to say anything to anyone because so many other people are in the same if not worse situations. + +Does anyone have any enlightening advise on what I can do to get through this alone? The last thing I want is family worrying about me when they can’t visit me. + +I’ve never cried for help, but since the suicidal thoughts, that’s what I’m now doing... on reddit... +The DAX is up nearly 2%. Germany's GDP drop is the 2nd largest following the recession in 2009 and since the reunification. As a response France and Germany are proposing a fiscal loan stimulus of $545 billion. The EU commission expect a 7.5% contraction for the Eurozone. +57% of tech executives responding to CNBC’s Technology Executive Council survey said finding qualified employees is the biggest concern for their company right now. + +Qualified tech employees is the biggest concern for the companies right now. I do experience the same at work - there is no good people at all. + +Do you think that would cause any growth concerns for the tech industry? If yes - who's going to sufferer the most. Do you account for that in your investment portfolio? +Good Morning Reddit! + +It is me again! Due to requests for an analysis on AMD after i posted a detailed analysis on [INTC](https://www.reddit.com/r/investing/comments/ycpfr9/intel_analysis_serious_dd/?utm_source=share&utm_medium=web2x&context=3), soon AMD will have the earning calls so I worked expeditiously to provide you a quick one on the matter! + +I must warn that this is just a quick observation of the 2021 balance sheets, ratios and calculations and price forecast. With that, i can already confirm that the company is already over my expectations in regard of revenue, even tho costs have surpassed it too. Net income is still in range to forecast. + +**TL:DR** + +* **$51.28** factoring Earning Based growth rate +* **$54.94** factoring in Earning Based growth rate and ROA +* **$58.15** average of all the factors considered +* **$4B** net income by EOY +* **10.15%** overvalued +* Hold and Accumulate + +# Table of Contents + +* Assumptions +* Data +* Risk Analysis +* Sector Comparison +* Ratios +* Evaluation Methods +* Google Search Trends +* Institutional rating changes +* Final Comment + +# Assumptions + +* Stable **average** growth until 2026 +* Company does not pay dividends and reinvest all the earnings into the company +* Slowdown of the economy and the semiconductor sector + +# Data + +|Data|Number|Source| +|:-|:-|:-| +|Levered Beta|2.05|Yahoo Finance| +|Unlevered Beta|2.04|Computing| +|Market Expected Return|9.4%|Motley's Fools, 50y average, 1972-2021| +|US Interest Rate|4%|Trading Economics, end year forecast rate 31/10/2022| +|Risk Free Rate|4.054%|Yahoo Finance, 10y US Bonds| +|Risk Premium|5.19%|Computing| +|Corp Tax|13.98%|Computing, Tax provision / Income before taxes| +|CAPM|14.95%|Computing, using unlevered beta| +|WACC|14.89%|Computing, taking in count credit rating| +|RRR|11.51%|Computing| +|AAA Bond Yield|5.31%|Moody's Seasoned Aaa Corporate Bond Yield 31/10/2022| +|EPS|2.49|Yahoo Finance| +|Average US GDP Growth|3.18%|TradingEconomics 1947 - 2022| +|Outstanding shares|1,614,321,000|Excel Stock Data 31/10/2022| +|Next Years Analyst growth estimate|7.5%|Yahoo finance| +|Next 5 Years Analysts growth estimate|25.46%|Yahoo finance| +|Growth Rate by earning retention|30.88%|Computing| +|Growth Rate by ROA & Retention|34.16%|Computing| +|ROA|25.46%|Computing| +|Earning Retention Rate|100%|Balance sheet| +|P/E|24.9|Yahoo Finance| +|PEG|0.81|Computing| +|Market P/E|20.29|Mutlpl.com| + +# Risk Analysis + +Taking in count the stock's price movement from its maximum timeline, from 1985 to 2022, we have the following data: + +|Expected Return|1.91%| +|:-|:-| +|Variance|3.26%| +|Standard Deviation|18.33%| + +# Sector Comparison + +By taking the Semiconductor Sector in count, which include machinery producers like Murata MFG or TE Connectivity Ltd and differentiate if from the Semiconductor Industry, where we have only the closely related to chip making companies like TSMC, NVIDIA or Intel, we have the following comparison: + +|Indicator|Numbers| +|:-|:-| +|AMD Unlevered Beta|2.04| +|Sector Beta|1.33| +|Industry Beta|1.40| +||| +|P/E|24.9| +|Sector P/E|21.54| +|Industry P/E|20.63| +|Market P/E|20.29| + +# Ratios + +**Profitability** + +|Indicator|2021|2020|2019| +|:-|:-|:-|:-| +|Gross Profit Margin|46.01%|31.49%|22.00%| +|ROA|25.46%|27.78%|5.66%| + +**Efficiency** + +|Indicator|2021|2020|2019| +|:-|:-|:-|:-| +|Accounts Receivable Turnover|53|74|84| +|Accounts Payable Turnover|114|140|151| +|Asset Turnover Ratio|1.54|1.30|1.27| +|Inventory Turnover|84|94|93| +|Days sales in Inventory ratio|4.35|3.87|3.93| + +**Management Effectiveness** + +|Indicator|2021|2020|2019| +|:-|:-|:-|:-| +|ROE|42.18%|42.66%|12.06%| +|ROIC|43.20%|23.73%|12.06%| +|DuPont Analysis|62.87%|11.42%|17.12%| + +Note: DuPont Analysis has the following numbers for 2021: + +* 0.192 net profit margin +* 1.537 asset turn over +* 1.603 financial leverage + +**Financial** + +|Indicator|2021|2020|2019| +|:-|:-|:-|:-| +|Cash Ratio|85.09%|94.75%|63.71%| +|Working Capital|2.02|2.54|1.95| +|Acid Test|1.49|1.81|1.43| +|Debt Ratio|5.32%|5.93%|12.08%| +|Debt to Equity|8.82%|9.10%|25.75%| +|Interest Coverage Ratio|233.21|92.49|30.51| + +**Value** + +|Indicator|2021|2020|2019| +|:-|:-|:-|:-| +|Price to Book Ratio|13.35|16.50|34.07| +|Income Quality|1.11|0.43|1.45| + +# Evaluation Methods + +In this evaluation, i used the following methods: + +* Adjusted Graham Formula +* FCF Evaluation Method +* Discounted Unleveread Free Cash Flow + +The Final Price is the average price extrapolated from those three ways. + +**Note:** *Dividend Discount Model and Total Payout Model are not considered due to the fact that they do not pay dividends.* + +**Adjusted Graham Formula** + +|Data|Number| +|:-|:-| +|EPS|2.49| +|P/E|7| +|Growth Rate|30.88| +|1g|1| +|Corporate Bond|4.4| +|AAA Bond Yield|5.13| +|**Intrinsic Value**|**$80.90**| + +**Free Cash Flow Evaluation Method** + +|Data|Number| +|:-|:-| +|FCF|3,220,000,000| +|Discount Rate|14.89%| +|Growth Rate|30.88%| +|**Per share Value**|**$16.33**| + +**Discounted Unleveread Free Cash Flow (2022 to 2026)** + +|Data|| +|:-|:-| +|Discount Rate|14.89%| +|UFCF growth rate|30.88%| +|Average US GDP Growth|3.18%| +|Shares outstanding|1,614,321,000| +|**Current Value**|**$56.61**| + +# Google Search Trend + +Observed Trend, 12 months worldwide, category: "internet & communication" + +|Intel|\#1|80| +|:-|:-|:-| +|NVIDIA|\#2|65| +|AMD|\#3|56| + +# Institutional rating changes + +Changes in rating as for the 2nd November 2022 + +|Institution|Previous|Current|Rating| +|:-|:-|:-|:-| +|UBS|$80|$75|Neutral| +|Keybanc|$100|$85|Overweight| +|Deutsche Bank|$70|$68|Hold| +|Raymond James|$100|$80|Strong Buy| +|Mizuho|$102|$95|Buy| +|Stifel|$100|$91|Buy| + +Changes in rating as for the 31th October2022 + +|Institution|Previous|Current|Rating| +|:-|:-|:-|:-| +|Morgan Stanley|$86|$77|Overweight| + +&#x200B; + +# Final Comment + +As we can see, AMD is a good and stable company, with huge potential from its fundamentals. We can expect at least 1.91% return in perpetual from this stock if we want to hold it forever, with a probability to see swings between +20% and -20%. + +AMD had a high beta compare to the sector and the industry, this makes it riskier and potentially very lucrative than the average peers. + +Its P/E is above the industry and the market itself, probably a little bit overvalued. + +High profits margin and ROA suggest us a potential growth, same for ROE and ROIC. DuPont Analysis shows a positive 62.87%. + +Financial indicators point out the fact that AMD's financials are stable and not in danger in any front in the short and mid run. + +We shall take in mind that 2020 and 2021 were outliers years, and due to the lockdown the company had huge profits came with speculative bubble of those two years. The speculative bubble pushed for a positive trend on the company, inflating its price well over its fundamental value. We shall expect to see a regression towards the mean growth range and the price to stabilize to its fundamental, discounting off the hype and trend. + +If this company paid dividends, it would have a higher evaluation. + +Its **current** fair value is + +|Price|Factors considered| +|:-|:-| +|$51.28|WACC + Earning Based growth rate| +|$47.80|WACC + Earning Based growth rate + interest rates of 4%| +|$54.94|WACC + Earning Based growth rate + ROA based growth| +|$50|WACC + Earning Based growth + ROA based growth + interest rates of 4%| +|$86|RRR + Earning Based growth| +|$58.90|RRR + Earning Based growth + Interest rates of 4%| +|**$58.15**|**Average of all the factors considered**| + +&#x200B; + +Reminder that this is based on the balance sheet of 2021 business year's end, in fact, growth in revenue is already over expectation, as well as costs one, but net income not yet, still under 1B missing until now, expecting a **net income of 4B EOY** + +The company is a Long Hold and have high probability to pay dividends in the future, but as for now, it is **overvalued by 10-15%** due to last year trend. Good buying positions shall be around 50-55 dollars + +&#x200B; + +Edit: added "Institutional rating changes" and included different factors in the final price + +What do you think? Any ideas? Suggestions? Feel free to comment! :D + +*This is not financial advice* +My 15 year old daughter texted me about a call that she got that creeped her out. It was a message alleging fraud, and she didn't know what was going on. It wasn't the first message they had left. I told her to call them back and they knew who she was, and said they were the IRS and that she was looking at some big trouble. She said "stop calling" and hung up. + +When I got home, I called them and they answered the line as "IRS, how may I help you" or some such bullshit. As soon as I mentioned them calling a child, they hung up. A few times. + +Please educate your kids and hell, even you parents. the IRS will not call you. +I have been unemployed on and off since the start of the pandemic. I decided to take a break from my degree because I can’t afford to keep paying tuition. I am in a program that is paying me a little more than min wage with a year contract under the company that will give me about a $2 raise, provided I meet all of the requirements in 12 wks. + +I’m trying to obtain a part time job to supplement my income, but it feels like between myself and my SO, we have more bills and less money. + +I just figured my 20s would be a time spent enjoying my life rather than working it away and stressing about piles of bills, debt and etc. + +Does it get any better?? I’ll be 23 soon and I just feel like I’m wasting myself away with worries, stress and responsibilities. Just wanna say f*ck it and run away with what little I do have sometimes. +[I retired at 52 with a $3 million net worth — here are 10 things that surprised me about early retirement](http://uk.businessinsider.com/early-retiree-shares-10-things-that-surprised-him-after-he-quit-his-job-2017-4?r=US&IR=T) + +I guess it's what many here already know... but a good read nevertheless. +🚀DEFLATIONARY | RUG PROOF | LP LOCKED | OWNERSHIP RENOUNCED | COMMUNITY DRIVEN |NO BOTS| FAIR LAUNCH + +&#x200B; + +🚀Brand new crypto project is here bringing the most famous duo of the galaxy to the crypto space, the name is Schwifty and its going to moon! + +&#x200B; + +🔥Project is similar to safemoon and doge it's a meme coin that can shoot to the moon and its goal is to create a safe space for everyone to throw their investments in, it launched on Saturday 12.06 at 21:00UTC! + +🔥Schwifty is a deflationary token with 4% of every transaction being burned which will provide a safe space for mooning and scare away the bots and whales who are only looking for a P&D. + +🔓The liquidity is locked, and ownership renounced so you wont have to worry about rug pulls or any similar scams. + +🔓The token is 100% community owned and devs plan on hosting big community events and community pools in which you will all decide on the future ideas of the project. + +🔓Fair launch no presale! + +🔥30% of the tokens were burned on launch which will have a positive effect on the price. + +&#x200B; + +🌇We have a healthy and happy community which is very invested in the project everyone does their part and we are aiming on achieving big goals so join us in our journey! + +&#x200B; + +&#x200B; + +🌐Telegram: + +[https://t.me/Letsget\_schwifty](https://t.me/Letsget_schwifty) + +&#x200B; + +🌐Website: + +[https://schwifty.shiv.com.np/](https://schwifty.shiv.com.np/) + +&#x200B; + +🌐Twitter + +[https://twitter.com/SchwiftyBSC](https://twitter.com/SchwiftyBSC) + +&#x200B; + +Contract Address: + +0xD3dbfFcc5D07bB9642D4e97D70c90d6538436B88 + +&#x200B; + +Pancakeswap: + +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xD3dbfFcc5D07bB9642D4e97D70c90d6538436B88](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xD3dbfFcc5D07bB9642D4e97D70c90d6538436B88) + +&#x200B; + +Locked Liquidity + +[https://dxsale.app/app/pages/dxlockview?id=0&add=0x042b054D6989ff2c01acDa317e38e1D184a32F4f&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0x042b054D6989ff2c01acDa317e38e1D184a32F4f&type=lplock&chain=BSC) +Back in January I jumped on the GME bandwagon at $100 with one share. I didn’t even know wtf was going on but I was strapped in and ready to get some tendies. Not that I knew what those were either. + +Once news got out that GME was primed for launch the real FOMO gang came in and starting buying in at $200-$350. Then shit hit the fan as I’m sure we’re all aware of. + +Most of those would’ve paper-handed but others stayed and began to learn more about the stock market - that’s me. + +So where are we now? Well I’m jacked to the tits, ready and waiting for this rocket ignite. + +When that ignition kicks in you better believe the FOMO gang are gonna hear it! + +Who knows what impact it will have but a guarantee you if GME keeps going up, people will still be buying in at $50,000 a share like they bought into Bitcoin and in some regards Tesla. + +So strap-in grab your favourite colour and just get yourself into the mindset that this will launch. + +Have a great weekend fellow apes. +Inevitably, there will be a smear campaign led by certain organizations and media members against retail traders who are getting in on $GME. One argument that will be made is that it's not fair that we made so much money by recognizing that a group of hedge funds and institutions were in over their heads. It hurts the market and we should feel bad for exploiting them. + +The total market cap of $GME is around $12B as I'm writing this. **The total market cap of Wall Street is around $50T.** That means we've currently displaced about .025% of the total value of the US stock market. I will type that out to reiterate: we (retail traders) have displaced approximately one quarter of one tenth of one percent of the total market cap. To claim that we are doing anything which is tremendously harmful to the whole market is absolutely pants-on-fire lies. Is this going to change some elements of the market moving into the future? Almost certainly. But even if this stock goes to $1000 per share, we are still only talking about less than one tenth of one percent of the total market cap that's out there. + +If you're looking at your RH balance right now and thinking "wow, that's a lot of money, am I doing something wrong? Illegal, even?" the answer is **ABSOLUTELY NOT.** What you are beginning to notice is that the wealth gap in this country is absolutely massive. Thousands upon thousands of people could make year changing or life changing money out of this squeeze and it'll hardly be a blip on Wall Street's radar. Greed is absolutely out of control at the top and this funny little news story is tangible proof of that. Do not let them gaslight you into thinking that it's wrong for you to get a slightly larger sliver of the pie. + +Good luck to everyone playing this. I've got 100 shares at a cost basis of $103.95. I might not make millions, but I might be able to make a dent in my student loans, or pay off my car, or something that makes me just a little more hopeful that I'll be able to live some sort of "American Dream" before I'm old and wrinkled. + +edit: and in the event that you're literally brand new to trading (we're getting a lot of new people here), I would highly encourage you to read up on investment basics (there are literally millions of resources on this) and do some research into $GME and why it's moving the way it is. I would not recommend taking a position on any stock if you can't articulate your own reason as to why you're invested in it. +&#x200B; + +https://preview.redd.it/vxatfbfaqzc81.jpg?width=188&format=pjpg&auto=webp&s=da7ffb99adb7e6ad6f8037d7b537f9423798ef08 + +**Summary** + +Blackstone Minerals (BSX) is focused on building a vertically integrated processing business in Vietnam that produces ‘Green’ Nickel: Cobalt: Manganese (NCM) Precursor products for Asia’s growing Lithium-ion battery industry. Blackstone’s upstream component involves mining Nickel sulphide deposits from a mixture of open pit and underground mines and processing this mined ore to produce a concentrate that, in combination with third party supplied concentrates, can be upgraded and refined into Class 1 Nickel products suitable for use in Lithium-ion Batteries (i.e., NCM811 Precursor) via Blackstone’s downstream refinery component. + +Blackstone’s second project is their 100% owned [Gold Bridge project](https://www.blackstoneminerals.com.au/gold-bridge-project) which includes a 367 km² tenement in British Columbia, Canada. [Initial drilling in November](https://wcsecure.weblink.com.au/pdf/BSX/02459681.pdf) intersected significant Copper, Nickel and Cobalt with assay results expected within the **next 4-5 weeks.** + +**Share Price: 72.5c** + +**SOI: 449m** + +**Director and Employee Performance Options: 8,150,000** + +**Adviser Options: 11,000,000** + +**Market Cap: $325m** + +**Cash on Hand: \~$70m** + +&#x200B; + +**Management** + +[**Scott Williamson**](https://www.linkedin.com/in/scott-williamson-b2942515/) **(Managing Director)** + +**8.2m shares | 1.3m options** + +Scott’s been with BSX for over 4 years. He has over 10 years' experience in the mining and finance sectors across a variety of technical and corporate roles including Resolute Mining (before they turned to shit), Rio Tinto, Perseus as well as senior analyst at Hartley's. + +* 2019: Converted $98K worth of options, bought \~$210K on market and $50K in placement. +* 2020: Purchased $69K (nice) on market. + +[**Hamish Halliday**](https://www.linkedin.com/in/hamish-halliday-951b341b5/) **(Non-Exec Charmain)** + +**11.4m Shares | 900k options** + +Hamish is a Geologist with over 20 years corporate and technical experience and founded Adamus Resources Limited, which went from a $3m MC West African gold explorer to a multi-million ounce gold producer before merging with Endeavour Mining (current MC of $6.9B) in 2011. Hamish is also the co-founder of Venture Minerals (VMS) and currently still sits on the BoD as non-executive director of both Venture Minerals and Comet Resources (CRL) who are an early stage graphite explorer/developer. + +* 2019: Converted $98K worth of options, bought \~$210K on market and $50K in placement. +* 2020: Purchased $69K (nice) on market. + +[**Alison Gaines**](https://www.linkedin.com/in/alisongaines/?) **(Non-Executive Director)** + +Alison has over 20 years of experience as a director in Australia and internationally. Alison is the Managing Director of Gaines Advisory P/L, which she started with her sister Jo Gaines (who was Mark McGowans Chief of Staff for the last 10 years). Interestingly, Alison’s third sister ([Elizabether Gaines](https://au.linkedin.com/in/elizabeth-gaines-b9a57111)) was Fortescue Metals Group (FMG’s) CEO for 9 years before resigning in December. The Gaines sisters are very well connected. + +You can check the rest of the management team [here](https://www.blackstoneminerals.com.au/corporate) but I’d suggest watching the videos in the ‘Media’ section elbow as most of them take part in some great interviews. + +**Hoirim Jung (Non-Executive Director)** + +Hoirim has over 10 years of experience in financial management. Previously he worked in KPMG Samjong Accounting Corporation, Atinum Partners and EcoPro. At EcoPro he was involved in securing finance for precursor business and IPO of subsidiary EcoPro BM. He has a Bachelor of Economics from Seoul National University. + +&#x200B; + +**Inside Ownership** + +https://preview.redd.it/1p6bgkjsszc81.jpg?width=600&format=pjpg&auto=webp&s=e93ed95ba752e715d121434e1a90165b1c99bc07 + +* [**Top 20 Shareholders**](https://www.blackstoneminerals.com.au/_files/ugd/5d695f_8cfa71902b9c49568f0a12883a4dfbc2.pdf) **hold 66% of shares.** +* **Fidelity** is one of the **largest investment banks in the world** with over **US$4 Trillion under management**. +* **Deutsche Balaton** is one of Europe’s **largest investment companies** and currently has approx. $350m holdings within ASX listed resource companies. Their current ASX holdings (as of Jan 2022) are summarised [HERE](https://hotcopper.com.au/attachments/capture6-png.3947051/). +* **EcoPro** is **Korea's largest electric vehicle (EV) battery cathode manufacturer**. More info on them below. +* None of the substantial shareholders has sold a share in the last 12 months. + +&#x200B; + +**Upstream Business Unit (UBU)** + +Blackstone's UBU consists of its 90% owned [Ta Khoa Project](https://www.blackstoneminerals.com.au/ta-khoa-project) which is located within a premier nickel sulphide district 160km West of Hanoi, in the north-west of Vietnam and consists of both massive sulphide vein (MSV) and disseminated sulphide (DSS) targets offering a **9+ year resource life**, as well as the Ban Phuc Nickel mine. The Ban Phuc Mine, which includes a **450ktpa Nickel processing plant built to Australian Standards**, operated from 2013 to 2016 before being shut down due to a decline in Nickel price. Blackstone recently [recommissioned the concentrator and restarted mining activity ](https://wcsecure.weblink.com.au/pdf/BSX/02464587.pdf)to produce two batches of concentrate for use in the Ta Khao Refinery piloting programs. + +The Ta Khoa project/district, which consists of approx **25 massive sulphide veins and disseminated sulphide deposits within a 5km radius of the Ban Phuc concentrator**, [was recently announced to has grown by 73% ](https://wcsecure.weblink.com.au/pdf/BSX/02470724.pdf)and currently sits at a Combined Mineral Resource of **130 Mt at 0.37% Ni for 485kt of nickel** (**0.44% NiEQ for 571kt Nickel Equivalent**). + +Drilling is continuing on upwards of 5 additional targets which are expected to again add to the inferred resource. Blackstone is [also working closely with the Vietnamese Government](https://wcsecure.weblink.com.au/pdf/BSX/02431127.pdf) to identify new targets, most notably the nearby Chim Van massive sulphide deposit. Historical sampling has shown up to **1.13% nickel and 0.37% copper** and initial exploration suggests that this deposit could be up to **10-12x the size of the existing deposits.** + +Ore from the above resources are to be used as base load supply for a 8Mtpa concentrator being examined in the **Upstream Pre-feasibility Study (PFS) to be completed early in 2022.** + +[Ta Khoa Region and its Associated Deposits](https://preview.redd.it/b9lo6hhgizc81.jpg?width=693&format=pjpg&auto=webp&s=6ded7c33e7fdda1d2d7c05a8a82a3d43ff1e3a58) + +[Disseminated Sulphide Deposits. Source: Terra Studio, 2019 \(updated with Ban Phuc 2021 Data\)](https://preview.redd.it/kqlc7dsjizc81.jpg?width=886&format=pjpg&auto=webp&s=f7e21df3a1e3be751381a15c09f7f9232465a2f0) + +&#x200B; + +**Downstream Business Unit (DBU)** + +Blackstone's downstream strategy is to develop an integrated processing facility, including a **400kt/pa refinery (with the possibility to upgrade to 800kt/pa)**, to convert nickel concentrate from its Ta Khoa operation (UBU) and third party sources into battery ready precursor material. The refinery will be modular and scalable and will allow Blackstone to blend different feedstocks to optimise operational and cost performances to capture significant premiums on the sale of NCM precursor products as well as deliver different ratios of NCM mixes to suit each manufacturer's requirements. + +The Ta Khoa Refinery is a margin-based business with lower leverage to nickel metal prices as compared to a mining operation. + +Blackstone has [signed an MoU](https://wcsecure.weblink.com.au/pdf/BSX/02180711.pdf) with **EcoPro**, **Korea's largest electric vehicle (EV) battery cathode manufacturer** to **work in partnership to develop the downstream facility**. As part of this, EcoPro has [invested $6.8m for a 15%](https://wcsecure.weblink.com.au/pdf/BSX/02222938.pdf) stake (now 9% due to SPP dilution) in Blackstone. This was at a **60% premium of the share price at the time**. EcoPro now also has one member on Blackstone’s board. EcoPro recently announced that they [secured a three-year deal worth ($8.5 billion)](https://www.ajudaily.com/view/20210909101656435) to **supply key materials for SK Innovation's high-nickel batteries**. EcoPro will **provide high-nickel NCM cathode materials to SK Innovation for three years from 2024**. + +Blackstone has [**signed an MoU with Trafigura**](https://wcsecure.weblink.com.au/pdf/BSX/02332733.pdf), who are **one of the world’s leading physical commodities traders** for copper, zinc, lead, **nickel & cobalt**, to secure additional feed products for its downstream facility. Blackstone has also purchased approx. [**7% equity of Flying Nickel’s Minago project in Canada**](https://wcsecure.weblink.com.au/pdf/BSX/02455166.pdf). Initial metallurgical test work has demonstrated that Minago is able to produce one-of the **highest nickel concentrate grades in the world** (**>20%**) **using conventional technology.** + +This week, Blackstone has also purchased approx. [15% equity of NICO’s Aust based](https://wcsecure.weblink.com.au/pdf/BSX/02476553.pdf), Central Musgrave project which is considered one of the **largest, undeveloped Nickel projects in the world** and (according to management) has been of keen interest to battery manufacturers such as **POSCO and Samsung.** NICO resourced IPO’d on the ASX this week under ticker NC1. + +The downstream component will also be able to produce Mixed Hydroxide Precipitation (MHP) (the intermediate product) to be sold to other refineries. Additionally, the downstream facility will also produce copper by-product with [initial results](https://wcsecure.weblink.com.au/pdf/BSX/02378816.pdf) from downstream processing test work shows **excellent recovery of Palladium, Platinum and Rhodium.** + +[Blackstone's Integrated Business Model](https://preview.redd.it/zr4atj6ri0d81.jpg?width=900&format=pjpg&auto=webp&s=5e0d19ca3c70c853a4b49d4f422e8f9e29c6d357) + +&#x200B; + +**Refinery / Process** + +Phase 1 of the pilot plant will be located at the Ban Phuc nickel mine and Phase 2 will likely be in Son La or Phu Tho provinces, with both plants following a hydrometallurgical (POX) process flow sheet which can be broadly broken down into two stages: + +1. Production of mixed hydroxide product (MHP) from concentrate; and +2. The production of NMC cathode precursor material from MHP. + +BSX has planned two pilot plant phases for completion prior to full commercial production. + +* Phase 1 Pilot Plant (PP1) - 20kg/hr Ni Concentrate feed +* Phase 2 Pilot Plant (PP2) - 1,000kg/hr Ni Concentrate feed + +Scott has mentioned that this strategy has been adopted after ongoing negotiations with major players in the Lithium-ion battery industry and allows for greater flexibility and economics. He has also mentioned these negotiations are ongoing with regards to the DFS for the downstream component. + +Interestingly, Scott has also recently returned from a **trip to South Korea** and a recent video (which has since been deleted - likely due to potentially breaching NDA’s) **showed one of Blackstone’s team mention that Samsung** had been on a site visit. + +Blackstone, using Stimulus Engineer’s lab, [successfully produced](https://wcsecure.weblink.com.au/pdf/BSX/02397939.pdf) its first batch of **>99.7% battery grade Nickel**: Cobalt: Manganese (NCM) 811 Precursor sample mid 2021 using it’s own materials and other third party feed sources. + +[ Process Flow Diagram for Downstream Processing ](https://preview.redd.it/eks3skpjvzc81.jpg?width=758&format=pjpg&auto=webp&s=60fd2885e4e3afd652fc7661478766ae668cf128) + +&#x200B; + +**DBU PFS Outcomes** + +The July 2021 [**pre-feasibility study on Blackstone’s downstream component**](https://wcsecure.weblink.com.au/pdf/BSX/02398815.pdf) showed some really strong figures, which have only become more attractive given rising Nickel prices. + +https://preview.redd.it/9cwnmms9wzc81.jpg?width=1200&format=pjpg&auto=webp&s=1b3f042038abbb892e4bc30e686b7672dae9427f + +**Base Case:** Post-tax NPV^(8) of **US$2.01bn** and internal rate of return **(IRR) of 67%** + +**Spot Case:** Post-tax NPV^(8) of **US$3.51bn** and internal rate of return **(IRR) of 98%** + +**Base Case Economics** + +* Upfront Project Capital of **US$491m** paid back in **1.5 years from first production**. +* Life-of-Operations revenue of **US$14.0bn** and operating cash flow of **US$4.5bn** +* Average annual operating cash flow of **US$451m** +* Average annual post-tax cash flow of **US$365m** +* Life-of-operations All-in Cost of **US$11,997/ t NCM811** as compared to study weighted average forecast price on sale of NCM811 of **US$16,397/ t NCM811** and current Shanghai Metals Market (SMM) spot price of **US$19,559/t NCM811** + +**Base Case Physicals** + +* Refinery capacity of **400kt/pa (with option to scale to 800kt/pt)** +* **10-year life-of-Operations** aligned with the Ban Phuc Disseminated orebody and availability of known third party concentrate feed (3PF) +* Average annual refined nickel output of **43.5ktpa** +* Average annual NCM811 Precursor Production of **85.6ktpa** +* First production currently targeted in **2024** and ramp up to steady state operations currently forecast to be achieved in **CY 2026** +* 3.9Mt of concentrate feed with average Ni in concentrate grade of **11.5%,** Co in concentrate grade of **0.3%** and Cu in concentrate grade of **1.1%** +* Average annual copper by-product of **4.1ktpa** + +[NCM Precursor Price \(US$\/ t NCM 811\) based on Ni Price](https://preview.redd.it/ub94i7mzyzc81.jpg?width=794&format=pjpg&auto=webp&s=9b74b2a0dfed47093c64d87f6f478d6902c3d222) + +[Life of Operation Economics](https://preview.redd.it/oiygudzezzc81.jpg?width=781&format=pjpg&auto=webp&s=b2433e5b86b6d035fd146bdd31dce2756b79797f) + +**Nickel Outlook / Demand** + +With the predicted rise in global EV uptake, the demand for key battery materials is predicted to exponentially increase, generating a supply shortage. Given the average lithium-ion battery for an EV contains around **28.9 kilograms of nickel**, **7.7 kilograms of cobalt**, and **5.9 kilograms of lithium**, both battery and car manufacturers are looking to source raw materials. + +* The forecast is for a **steady demand for class 1 Nickel** for the next few years which should ensure a steady Nickel price moving forward and avoid price fluctuations. +* Existing Nickel producers are engaging in [bidding wars](https://www.reuters.com/markets/deals/canadas-noront-goes-with-wyloos-offer-gives-bhp-five-days-match-2021-12-21/) for potential projects and are [investing heavily in new projects outside their usual, safer jurisdictions](https://www.reuters.com/markets/deals/bhp-invest-50-mln-advance-tanzania-nickel-project-2022-01-10/) to guarantee supply. + +&#x200B; + +[Class 1 Nickel Demand](https://preview.redd.it/gars26ac90d81.jpg?width=1163&format=pjpg&auto=webp&s=05460b51940473a00520b9e662ae4bd8b0e986a0) + +While Tesla are looking to utilise non/low Nickel LFP batteries, Asia (Blackstone’s target market) is **focusing on high nickel cathodes in their batteries:** + +* **South Korea's top three electric vehicle battery makers; LG Energy Solution, SK On and Samsung (who supply batteries to BMW and General Motors respectively)**, has begun [**gearing up for full-scale production of next-generation batteries high in nickel content**](https://www.kedglobal.com/newsView/ked202110170001) in late 2021. +* SK On's next-generation battery NCM9, composed of lithium, nickel, cobalt and manganese with **90% nickel content**, **will be used in Ford Motor Co.'s EV pickup set for launch in the spring of 2022**. +* **LG Energy Solution** and **SK On** will this year **begin the production of high-nickel batteries made of nickel**, cobalt, manganese and aluminium (NCMA) and NCM9, respectively. +* Demand for higher Nickel content batteries is set to increase drastically with NCM batteries expected to dominate other Nickel rich chemistries including NCA and LMNO by 2030. + +[Growing Nickel Demand and Adoption of High Nickel Batteries](https://preview.redd.it/k34zlsddl0d81.jpg?width=1206&format=pjpg&auto=webp&s=fd9a911b27606f04b0470e7f27a44b1fb05a2080) + +**Nickel Price & Its Effect** + +* While movement in the spot nickel price will drive a higher NCM811 Precursor price as well as a higher nickel concentrate purchase price, given an **integrated business strategy,** which involves Blackstone using their own Nickel concentrate, increases in Nickel prices will **greatly benefit Blackstone by allowing them to sell their NCM product at an even higher premium** while their **material costs will be minimally affected** \- driving higher margins. +* The PFS refinery design will also enable the production of **multiple products**, including NCM 811 which attracts a **strong premium to metal prices.** + +[Nickel Price and BSX's Product Payability vs Metal Spot Price ](https://preview.redd.it/sdlndb0vj0d81.jpg?width=833&format=pjpg&auto=webp&s=6fe6921109fe03c36fdebeb117bad05f7e9d559c) + +&#x200B; + +**Strategically Located in Asia’s EV Hub** + +* Blackstone is conveniently located within an already huge, but growing Lithium-ion battery hub within SE Asia. Additionally, Vietnam itself is a rapidly evolving market for EV’s. +* Blackstone is **very close to the EV & Lithium battery manufacturing hub in Hai Phong** which includes **huge Li-ion** **battery manufacturing plant**s by **LG, Samsung SDI and Vinfast.** + +[SE Asia's Battery Hub](https://preview.redd.it/t50lpo08j0d81.jpg?width=1274&format=pjpg&auto=webp&s=cd0f2f0a57b91d60272ce0e984cb4c8195a2ac94) + +&#x200B; + +**Vietnam & Foreign Investment** + +* Vietnam’s GPD has seen consistent growth over the last 30 years and the Vietnamese government is focused on initiatives and policy to support foreign investment which has seen foreign investment increase from \~US$13bn in 2014 to **\~US$20bn in 2019 highlighting confidence in the country's stability and government.** +* The EV industry is rapidly evolving in Vietnam with its home-grown company, VinFast (Vietnam’s largest conglomerate), pivoting from ICE autos to **manufacturing EV’s** and **electric scooters**. Vinfast has set up an auto plant in the port city of Hai Phong from which it plans to export up to **250k vehicles to the US and Europe per year**. Its plans are targeting manufacturing **500k EVs and 500k e-scooters per year.** In 2019, **VinFast and LG established a JV to produce lithium-ion batteries for its electric cars and scooters**. +* The top five foreign investors (by registered capital) into Vietnam include **South Korea**, Hong Kong, Singapore, **Japan** & China + +[Vietnam's GDP Growth](https://preview.redd.it/ovs2dzbcd0d81.jpg?width=622&format=pjpg&auto=webp&s=668d140fa9ad1f8f305f776205cff00c342de8d5) + +**Infrastructure** + +* The Ta Khoa Nickel-Cu-PGE project is located **350km from Hai Phong port** and it is **well connected to both the port and Hanoi via both modern roadways and rail,** allowing for easy and efficient transport. +* Son La Hydropower Plant and Hoa Binh Hydropower plant are nearby and will **offer cheap, reliable and renewable energy** to the project. + +[Available Infrastructure](https://preview.redd.it/m9a4xgvyd0d81.jpg?width=1149&format=pjpg&auto=webp&s=de04b16eb57956aed7b0a4b015886caa6942a439) + +&#x200B; + +**Green Nickel™** + +* Blackstone Minerals has [trademarked the term](https://search.ipaustralia.gov.au/trademarks/search/view/2107987?q=Green+Nickel) ‘**Green Nickel**’ as they plan on being a **low emissions supplier of battery materials** by **utilising plentiful and readily available renewable energy.** +* This is beneficial as OEMs are increasingly looking at sourcing only “Green” materials with decent ESG credentials for their supply chains. You can learn more via their [2020 Sustainability Report](https://9042668b-a222-4051-b217-6958cce69db5.filesusr.com/ugd/5d695f_7115413a35ef49c0a3eb4accbc941c1b.pdf) + +[Green Nickel](https://preview.redd.it/ayk07qzie0d81.jpg?width=1013&format=pjpg&auto=webp&s=e3b905a71576bd9407f73f6270b646aa4452d1f8) + +&#x200B; + +**Mining Green / Responsibility Sourced Nickel** + +* By utilising a Hydrometallurgical (POX) process flow sheet, along with **renewable energy from nearby hydropower plants**, Blackstone will be able to produce both **Nickel concentrate** and **NCM precursor products** at a **much lower carbon intensity** compared to legacy mining methods - reducing the company’s carbon footprint and boosting ESG credentials. + +[Responsibility Sourced Nickel Process](https://preview.redd.it/9dpjhs91f0d81.jpg?width=1160&format=pjpg&auto=webp&s=8f9b0c4e62d5ee0fcd34285eb1d358d01c6d7266) + +&#x200B; + +**Low Labour Cost** + +* Vietnam's labour costs are one of the **lowest in the world** which gives BSX a **huge advantage in keeping costs down and margins high.** + +[Vietnam's Low Labour Costs Ensure Low OPEX](https://preview.redd.it/n8hvy2maf0d81.jpg?width=569&format=pjpg&auto=webp&s=bd8b878a46586d431ca1163b5337486867ea1cb5) + +&#x200B; + +**Tax Incentives** + +* Vietnam, specifically the industrial zone in which Blackstone is looking to set up their downstream facility, offers **attractive corporate tax incentives for early stage businesses, boosting overall economics of the project.** + +|**Years of Operation**|Corporate Tax Rate| +|:-|:-| +|0 - 4|0%| +|5-13|5%| +|14-15|10%| +|\>15|20%| + +&#x200B; + +**Timeline** + +***Upstream Business Unit*** + +* **2022: DFS** +* **2023: Restart Mining and Existing Concentrator** +* **2024: Commercial Production** + +***Downstream Business Unit*** + +* **H2 2021 - H1 2022: DFS and Pilot Plant, FID, Offtakes and Joint Ventures** +* **H2 2022: Detailed Engineering and Design** +* **2023: Construction** +* **2024: NCM Precursor Production** + +**Media** + +The current board and management have taken part in a number of really interesting interviews with Samso Media. Full playlist [here ](https://www.youtube.com/watch?v=L575caexA4I&list=PL3sJmMi2AqwpucPK9py-WFBTZvLFJ70vI)however, I highly recommend watching the below. + +* [The Real Value of Blackstone Minerals Limited](https://www.youtube.com/watch?v=SAVRWhbHo5w) (Scott Williamson: MD) **- Aug 2021** +* [The Complete Blackstone Story ](https://www.youtube.com/watch?v=q6MfDaT1hkc)(Andrew Strickland: Head of Project Development)- **Oct 2021** +* [Nickel Production: Mastering the Art of Blending the Best Coffee](https://youtu.be/SP6bO8b-vJ4) (Tony Tang, General Manager of Project Development) - **Oct 2021** +* [Blackstone Minerals Presentation](https://www.youtube.com/watch?v=Wxdwu2Bu10E) at New World Metals Investment Day - **Sept 2021** + +**Government Engagement** + +As well as exploring potential drill targets with the Government, Blackstone is also a part of the **Mining Working Group under the Vietnam Business Forum (VBF)** and through this forum, **can provide input to the Central Government on policies**. Vietnam Business Forum (VBF) is an **on-going policy dialogue channel between the Government of Vietnam** and has been supporting the business community for a favourable business environment since 1997. + +&#x200B; + +**Funding/Finance** + +Blackstone [recently raised $55m](https://wcsecure.weblink.com.au/pdf/BSX/02445614.pdf) via an oversubscribed SPP to advance phase 2 of it’s pilot Plant Phase 2, PFS for upstream and DFS for downstream as well further drilling and exploration. $5m from shareholders and $50m from soph’s and insto’s. Shares were issued at **5.1% discount to the 10 day VWAP.** + +Blackstone is looking to develop and fund (while retaining a significant interest) the construction of the downstream refinery via a mix of: + +1. **JV Partners** +2. **Investment Loans** +3. **Equity Raising** +4. **Offtake Prepayment** + +Blackstone [recently appointed](https://wcsecure.weblink.com.au/pdf/BSX/02412516.pdf) The Korea Development Bank (KDB) to arrange debt financing for both the upstream and downstream components of its projects. Korea Development Bank (KDB) and BurnVoir Corporate Finance (BurnVoir) will act jointly to secure an attractive, flexible funding package for the development of the Ta Khoa Project. + +BurnVoir has **arranged finance for a number of battery metals projects in recent years**, including for **Pilbara Minerals Limited (Pilgangoora Project, lithium)** and A$1.1 billion in debt facilities for IGO’s recent acquisition of an interest in the **Greenbushes Lithium Min**e and the **Kwinana Lithium Hydroxide Refinery**. + +A number of different brokers have suggested the company will likely a**dopt a 70:30 mix of debt and equity to fund the project**; however, this is just a vague and general suggestion. + +&#x200B; + +**Technical Analysis** + +I know SFA regarding TA but looks to has recently broken out of symmetrical triangle with volume on the daily chart. + +[Squiggly Lines](https://preview.redd.it/si0rt5wnk0d81.jpg?width=1816&format=pjpg&auto=webp&s=5ee8f5239fec5cffc191ccb648fbe88dfd1ccc68) + +**Broker Targets/Reports/Data** + +While offering some key additional info and analytical value, people should be reminded that broker reports, are paid for by the company. + +* [Cannacord Genuity (Oct 2021](https://9042668b-a222-4051-b217-6958cce69db5.filesusr.com/ugd/5d695f_e196212bc6114fb09fe717b934e52c8f.pdf)): **$1.10** +* [PAC Partners (July 2021)](https://9042668b-a222-4051-b217-6958cce69db5.filesusr.com/ugd/5d695f_0658bade3a4d4f6f908c05669d4eb176.pdf): **$1.16** +* [ZACk's Small Caps (Sept 2021)](https://www.blackstoneminerals.com.au/_files/ugd/5d695f_6968595544af474290da97f9df2eb1aa.pdf): **$0.93** +* [Euroz Hartly (Sept 2021):](https://www.blackstoneminerals.com.au/_files/ugd/5d695f_bea5527f744a4897898924fb0d7a8171.pdf) **$1.00** + +[Broker Data 12\/01\/022 - 18\/01\/2022](https://preview.redd.it/5cf6ugg5l0d81.jpg?width=1200&format=pjpg&auto=webp&s=922defe03e5c65a5ae28de9c0c4d3fe963fc43b2) + +&#x200B; + +**Upcoming Catalysts / Next Steps** + +* Pre-feasibility Study for the Upstream Business Unit is due **‘early 2022’** so could land any moment. With a 74% increase in resource, it's expected this will be received well although could be partially priced in. +* Completion of the Ta Khoa Refinery Definitive Feasibility Study. +* Phased construction of Phase 1 Pilot plant in Vietnam to produce NCM811 Precursor and ensure product meets consumer specification. As per the upstream PFS (July 2021), Balckstone has commenced development of the Phase 1 Pilot Plant and mentioned the recent CR will support this. +* Continued aggressive drilling to increase mineral resources at the Company’s flagship Ta Khoa Nickel Project +* Secure offtake for third party feed material +* Final Investment Decision +* Detailed Engineering and Construction +* NCM811 Precursor production currently targeted in 2024 + +&#x200B; + +**Risks / Concerns:** + +* While an integrated approach, including both an upstream and downstream component will bring some serious profit and higher margins, it’s a lot of moving parts and increases the risk of something going wrong. +* LFP batteries, which use little to no Nickel, could be seen as a threat however all SE Asia based manufacturers (who are considered the best and most advanced in the world) have signalled they'll be sticking with NCM batteries for the foreseeable future. +* Overall Nickel grades of their largest deposit (Ban Phuc) while well above cut off, could still be considered low however, as per [this article](https://www.batterymaterialsreview.com/ourblogs/is-it-time-for-lower-grade-nickel-sulphide-projects-to-shine/), which focuses on the economics of lower grade, higher tonnage mines, I think it is still perfectly viable. Other sources will bring the overall grade of the concentrate up. A [report from 2019](https://hotcopper.com.au/attachments/nickelmarketupdatejfbertincourt-pdf.4003149/?filename=NickelMarketUpdateJFBertincourt.pdf) highlighting the benefits of disseminated sulphide projects. +* NICO’s Central Musgrave deposit appears to be mostly laterites which could be harder and more carbon intensive to mine, although, I’m confident Scott wouldn’t have made this purchase without consulting his team who would've ensured it would be suitable and feasible. +* While Vietnam is a considered a pretty stable country, with consistent and steady GDP growth, foreign investment and a number of foreign mining companies running, there is always a small chance their could look to impede on the project. +* COVID. Omicron is fucking shit up globally but Vietnam’s response to COVID has been very good and should be able to see this through. + +**Disclaimer:** I currently hold BSX. The above is purely info I've managed to glean from my own research. I haven't crunched any numbers. + +Shout out to u/maybethough for giving it a once over and some input. Same goes for u/ewanelaborate. + +Apologies for the garbage resolution on the images - Reddit's doing. + +TL;DR: + +>!┈┏━╮╭━┓┈╭━━━━━╮!< + +>!┈┃┏┗┛┓┃╭┫ G L T A H |!< + +>!┈╰┓▋▋┏╯╯╰━━━━━╯!< + +>!╭━┻╮╲┗━━━━╮╭╮┈┈!< + +>!┃▎▎┃╲╲╲╲╲╲┣━╯┈┈!< + +>!╰━┳┻▅╯╲╲╲╲┃┈┈┈┈!< + +>!┈┈╰━┳┓┏┳┓┏╯┈┈┈┈!< + +>!┈┈┈┈┗┻┛┗┻┛┈┈┈┈┈!< +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. Not all of these stocks will be sexy or appealing to us; the whole point is to just see what people are doing out there on the ASX that we never talk about, for good or bad. + +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 7: + +**Company name:** Ashley Services Group + +**Ticker:** ASH + +**Industry:** Recruitment + +**Headquarters:** Sydney + +**Market cap:** $63m + +**Current share price:** $0.44 + +**P/E ratio:** 12 + +**1-year Performance:** \+76% + +**What they do, smoothbrain version:** give you shitty job offers in a British accent at below-market salaries then take a cut when you commit to your new life of cubicle-based mediocrity + +**What they say they do, wanky version:** "Ashley Services Group is an integrated Labour Hire, Recruitment and Training organisation delivering quality workforce management and business improvement solutions across Australia since 1968." 🍆👋 + +**What they do, actual version:** Ashley Services Group is a Sydney-based recruitment and training business with 23 offices around Australia. + +They divide the sources of their revenue between the recruitment side and the training side, however the recruitment portion of the business makes up the fast majority of their revenue - although the training $ are growing decently in terms of profitability. + +The 'group' label covers a number of sub-brands (seriously, these cunts love brands, and side-brands, and sub-brands... they must have extra full-time graphics staff they're paying just to design all the logos) that focus on different sectors of recruiting, including tradies/engineering/construction, transport & logistics, white collar & retail, etc etc. + +Their training side offers a shitload of job classes and licenses, and 16 official qualifications they're able to certify. They listed on the ASX in August 2014. + +**What looks good:** + +* If you believe the government and media spiel that the Aussie job market is recovering quickly, these guys are a way to play on that momentum. They already saw decently chunky growth in profits (23.5%) for the first half of this financial year, which should probably be expected to increase by EOFY. + +* Their Share Price started off in the \~$1.50 range after listing in 2014, then fell off a cliff soon after *(this is why you don't FOMO into IPOs, mofos - give that shit some time to play out so a baseline value for the company can be established)*. Since then, there's been a pattern of consistent, pretty solid share price growth since 2015 without any real drop (not counting March 2020 Covid cliff) throughout the whole period. + +* They've expanded, rather than contracted, during Covid, adding 2 extra regional offices to their chain - a good sign of confidence. They also didn't have to lose/fire any staff. + +* No Jobkeeper payments skewing their financials, thank fuck. Also means they aren't/weren't struggling in general relative to the economy. + +* Fat dividend, if that's your thing; in fact it's so fat, you might even call it phat, if you're cool enough. 10% yielf is pretty chunky if you want some extra pocket change to fund other speccies. + +* Combine the div yield with the share price growth, and it's been around a 200% return over 5 years; not 🚀, more of a 🚤, but still not too shabby for a boring company. + +* Training division doesn't bring in a massive amount of revenue yet, but it is very profitable percentage-wise; as face-to-face contact opens up again after Covid is more controlled/vaccines come, this may be where more of their additional profits come from. + +* Their P/B (Price to Book ratio, aka share price vs. the value of their assets) is very solid @ 2.4 for this kind of company, which coincides with manageable and not worrying levels of debt. + +* They have a solid amount of loyalty from their main B2B customers, which only seems to be getting longer (5.4 years average length), which makes revenue more predictable. + +* They've been cited by a few 'journos' online as one of their key companies poised to benefit from the "JobKeeper finished/return to work" tailwind in places like Stockhead etc. depending on how much value you put in e-journos who are basically as qualified as half of us shitposting here. + +* This is another heaaavily insider-owned company (why do I always end up picking these?), with Sir Ross of the town of Shrimpton owning nearly 60% of the SOI. His kiddies also own a percent-ish each. It's often hard to tell how strongly some of these entrenched oldie CEOs are involved in the day to day, but boomers with this much money at stake don't want to see their businesses do badly, and their net worth balances drop. + +**What doesn't look good:** + +* Insert 'Labour Hire Business' \*butterfly\* "Is this a Moat?" meme here. These types of businesses usually come down to a mix of relationships & contracts, and if one major one turns sour it can have drastic effects. + +* What's their path to innovation? They're slowly expanding their training division to more sectors and opened a couple of extra offices and... that's about it. Nothing revolutionary or moat-generating here. Which leads to... + +* Extremely low 🚀 potential. I honestly don't see any scenario in which these guys could become a single-bagger, let alone a multi-bagger, regardless of how much the re-employment boom theoretically takes off. + +* Website is literally a minimum effort Wordpress skin called Divi I've seen used thousands of times (yeah I'm a stickler for meh websites) that costs like 40 bucks. + +* I mean, it's a recruitment business. The argument could be made that there are better upside sectors in which to invest your capital during the same period you'd have it sitting with these guys. + +**Overall rating (strong buy/buy/hold/avoid):** I can feel you all falling asleep already, and I get it; this isn't sexy tech or a miner harvesting raw uncut lithiraniumoxidiumate you can inject directly into your veins, but hear me out. + +I still kind of like this as a 'boring buy', in that I don't see enough negatives to outright say 'avoid' but that's only personally for me because this is my 'kind' of company that I might use to flesh out my portfolio. It will be interesting to see if their growth in profits does end up lining up with the growth in jobs the government keeps pumping in the media - if so, they could receive another nice SP bump. + +If you can get some decent growth that's better than anything most big ASX200 companies would realistically get AND get some dividend tendie money, well that's fine by me. + +I know people here think dividends are a boomer thing, but seeing actual cash appear in your bank account rather than just virtual money can be pretty cool. If you've held these dudes over the past 2+ years, you'd be looking at 184.1% profit with divs factored in; that's almost a double-bagger for an otherwise boring company. + +Lots of people being out of jobs, equals lots of people looking for jobs, and - anecdotally - I'm personally getting bombarded with a shitload of recruiter messages on places like Linkedin offering me shitty jobs over the past couple of months which I automatically ignore. + +With construction and IT especially in demand, I don't see any reason why their business would decline in the foreseeable future, however a 🚀 to these guys is basically as foreign as the adorable guy who posted the Scam Dream thread. + +**MarketIndex page:** [https://www.marketindex.com.au/asx/ash](https://www.marketindex.com.au/asx/ash) + +**Website:** [https://www.ashleyservicesgroup.com.au/](https://www.ashleyservicesgroup.com.au/) + +Feel free to add more DD/comments below. + +**Would you buy this stonk? Why or why not? Feel free to vote in the poll.** + +And maybe toss us an upvote if you're feeling generous. + +Link to previous Stonks of the Week: + +[https://www.reddit.com/r/ASX\_Bets/comments/mjkoqf/random\_stonk\_of\_the\_week\_quantum\_health\_group\_qtm/](https://www.reddit.com/r/ASX_Bets/comments/mjkoqf/random_stonk_of_the_week_quantum_health_group_qtm/)[https://www.reddit.com/r/ASX\_Bets/comments/mec9nc/random\_stonk\_of\_the\_week\_reckon\_rkn/](https://www.reddit.com/r/ASX_Bets/comments/mec9nc/random_stonk_of_the_week_reckon_rkn/)[https://www.reddit.com/r/ASX\_Bets/comments/m91bon/random\_stonk\_of\_the\_week\_xrf\_scientific\_xrf/](https://www.reddit.com/r/ASX_Bets/comments/m91bon/random_stonk_of_the_week_xrf_scientific_xrf/)[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/msgk0t) +Yep, the name of this sub is EthTrader. I named it. The community here, though, has made it something more deserving than it's name suggests. That's not to denigrate trading which has some benefits to the market, but most of us will not do well by trading. We **may** do well by investing. I suspect many people being introduced to Ethereum and coming across this sub may not have had much experience with trading or investing. + +[Trading is like the opposite of investing](http://www.investopedia.com/ask/answers/12/difference-investing-trading.asp). A smart investor has good knowledge about their investment and has developed a thesis about what will happen. They commit to that thesis until it is proven wrong. In practical terms this means: learn, buy, hodl. There are variations of the "buy" part, like [dollar cost averaging](http://www.investopedia.com/terms/d/dollarcostaveraging.asp) but the important thing is that they are not concerned with the underlying *price* fluctuations, but rather the underlying *fundamentals* of the investment. I cannot speak too much to trading, but it generally refers to buying and then selling over short periods of time and is [a zero sum game](https://en.wikipedia.org/wiki/Zero-sum_game). I suspect that traders would love for new traders to come play. + +> "If you're playing a poker game and you look around the table and and can't tell who the sucker is, it's you." - Paul Newman + +I would like to encourage new people coming to this sub, especially those new to investing generally, to ignore it's name when putting their own money on the line. +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! + +Im going to vent. I gave my speech and went deep into the DD for my communications class. Some were into it and my boy in that class actually said he’s going to buy a share. Motherfuckers were laughing at me, and a girl after class came up to me and said my speech “cracked her up,” especially the part where I explained synthetic shorts. I literally got shilled in real life lmayoo. I cant imagine how they’ll feel when this thing takes off and they’re reminded of the young man who tried to tell them. Got a 94% though ;). Cheers my friends 🍻 +Closed on investment property today. Received fraudulent email this AM appeared very legit with title company info and all and a BS bank adresss. They even called me pretending to confirm , impersonated my realtor with a confirmation of the right amount and the routine info - all BS. Woulda lost 110K if I wasn’t suspect. Be careful guys this shit is real +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/vjQQDJ8whP) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) Last ban length: 2048 days +&#x200B; + +https://preview.redd.it/imbwrhbrc6471.jpg?width=498&format=pjpg&auto=webp&s=e1cbb3404142e4bc3268c2f1dd4e154d821a983e + +I've had a quiet couple of days so here's the first installment of how to Technically Analyse shit. + +Before I start, I want to make it clear that I am no expert. I’m not even a hobbyist, I am a grouchy, partially sighted, monopedal dingbat trying to get his head around something he really should have a long time ago. + +I am reading John J. Murphy’s book to learn TA and am relaying what I learn (or not) here for the benefit of those with any interest. I’ll be skipping the parts on futures because I can't be fucked. It’s not in my sphere of interest. + +If I have misunderstood anything, I and anyone following would (most likely) welcome correction. However, I’m not interested in debating the validity of TA – I’m in no position to do so because I know sweet fuck-all about it. And to be honest, I don’t have the inclination. Go argue with a sausage – you’ll get more interest and they smell nicer. + +Because I’m posting as I go, I’ll post however far I’ve managed to get each week on the weekend when things are quiet so you can have a leisurely read or skip the “tEa LeAVEs” as suits you best. + +Sorry but there will be no charts in this post. This is the intro post where we have a brief look what TA is and isn’t. All subsequent posts will look at the squiggles. + +# Post 1. Philosophy of technical analysis and Dow Theory + +# Philosophy of technical analysis + +Ol’ JJ doesn’t fuck around. He launches straight into it with a definition to set us up with a clear understanding of what TA is and claims to do: + +***Technical Analysis \[hereafter TA\] is the study of market action, primarily through the use of charts, for the purpose of forecasting future price trends.*** + +JJ lays out three premises upon which TA is based: + +1. **Market action discounts everything** + The cornerstone of TA. Accept this or the remainder of the book doesn’t make much sense. + The technician (yes, we are technicians now – no longer *traders* or the anagram thereof) believes that anything which can affect the share price such as fundamentals, politics, psychology etc is reflected in the price. i.e. it’s priced in. + +Ergo, a study of price action is all that’s required given that it reflects the combined knowledge of the market and supply v demand. Demand exceeds supply, price goes up. Supply exceeds demand, prices fall. + +Technicians are stone-cold. They don't give a fuck why prices rise or fall. All they care about is when either will happen. + +2. **Prices move in trends** + Pretty important to technicians. JJ says accept this or fuck off. Right now. + +The whole point of TA is to identify trends early and profit from them, whether they be long-term or short-term. + + JJ says, “…a trend in motion is more likely to continue than reverse.” He says this is like Newton’s 1st law of motion. I don’t know but it sounds impressive so, sure. + +His main point is: Ride or die – at least until it looks like the trend is going to reverse. Then bail out. Maybe. Check the charts first. + +3. **History Repeats** +TA studies psychology and technicians stand on the shoulders of giants. + +Technicians benefit from the accumulated study of over 100 years’ worth of charts and the human behaviours, acts of God, disasters etc contained therein. Patterns repeat again and again, have been categorised and can be applied with pretty reliable repeat results. + +&#x200B; + +**Technical v Fundamental analysis.** + JJ asserts that fundie analysis is interested in the intrinsic value of things to determine when to buy and sell as opposed to what the market is doing. TA looks at what the market is doing to determine when to buy and sell*.* + +Fundies try to determine the likely direction of the market by determining the *cause* of market movement. Techies try to divine the same by looking at the *effect,* believing this is all they need know. + +Reasons or causes are irrelevant as all of this is already priced in. + +**Analysis and timing** + +If you accept all of the above, your trades boil down to two stages: Analysis then timing. + +Figure out what to trade and confirm your decision. Then using your technician skills, time your entry/exit purely via TA. The squiggles will tell you when to execute to best advantage. + +I already know this will cause issues for me. Leaving a buy or sell order sitting in a queue gives me FOMO, anxiety, chiggers and the squits. + +**Flexibility and adaptability of TA** + +JJ assures me that you can use TA in almost any trading medium and timescale. Stocks, foreign currencies, peanuts, even crypto, can be traded with the application of TA. Furthermore, the techie can follow many markets at once and be quite agile as they don’t need to process the crazy bulk info that a fundie does. After some training, it is alleged that a techie can look at a chart reasonably quickly and decide whether it warrants further investigation, patience or immediate YOLO. + +**TA applied over different time scales** + +TA works from tic-by-tic, intraday time scales to long-term forecasting. + +**What if we don’t like being called Techies?** + +JJ says we can also call ourselves chartists. I prefer chautist, it discreetly signals my true identity, capability and nature while sounding convincingly Middle-English and allowing me to declare all fundies, “… geldynges or mares.” That is, without balls. + +**TA means less reliance on market averages and indicators** + +We all have easy access to these nowadays, but are we overloading on info? Maybe. + +Apparently you can use these for a broad overview but they aren’t necessarily required given that all the info you need is in an individual chart of the company you may be interested in trading. + +Remember the definition and big three premises. Everything is priced in. + +I’m still inclined to look to confirm or refute my gooch tingles. + +**Criticisms of TA** + +I’d like to think chautists couldn’t give a shit about anyone’s criticism or concerns. However, there are times you may be compelled to defend yourself on a matter of honour. To aid in the matter, JJ has identified some common objections: + +a. **TA is a self-fulfilling prophesy** +Because there are so many chautists, if you all look at the same chart and arrive at the same decision, yOu'Re gOiNg tO fUCk tHE MaRkET wItH YoUr BuLliSH/BEarisH PRoPhEsiEs! + +In short: chautists act in concert to impact the market price. + +**b.** **Chart interpretation is subjective** +TA cannot be mathematically proven. It, like beauty, is in the eye of the beholder. + +He rightly points out that the two effectively cancel each other out which is handy if you’re up against a nay-sayer who believes both. Often, you will not be, or will be presented with someone who simply rebukes logic. + +If so: + +Chart interpretation is subjective and an art which takes time and practice, just like learning the bagpipes but equally irritating to one’s nearest, dearest *and* random strangers. Chautists also employ many different techniques in their divination. These will throw up varying entry/exit points even without the personalities of those involved who may be aggressive or passive. Some will jump early, others will await confirmation. Some are in long-term, others day trading. The chance of all deciding to do the same thing at the same time is slim. + +Chautists also *follow trends* as described above, not *set* them. Markets and sentiment are bullish or bearish. chautists extract what they can from this. If they caused it, they’d all be rich doing rich things well away from us plebs. + +If none of that works, JJ doesn’t say it, but you can tell he wants to: Tell the salty pricks who are triggered by TA to fuck off and have a good hard look at their fundamentals. + +He does talk a little (very little) about the proliferation of computerised trading by multi-million-dollar funds etc. He hints that this may be an opportunity for your skilled chautist as the computerised trading follows fairly narrow parameters. I don’t know – maybe some of our bot-builders have an insight into this. + +Anyway, to continue: + +**c.** **The past can’t predict the future** +Tell that to the bureau of Met… OK, tell that to statisticians, engineers or those serious cunts on CSI. + +**d.** **Random Walk Theory (RWT)** +Developed by the academic community, RWT claims that price changes are serially independent. That is, discrete event packets utterly unrelated to each other but fluctuating around their intrinsic value (is this like quantum theory or Schroedinger’s share price?). It is based on the Efficient Market Hypothesis. + +RWT maintains, as all Hotcrapper does, that time in the market beats timing the market. Even my level of brain dysfunction with all its glitches recognises that this is patently false. + +Furthermore, it sounds like something my boomer father says so I instinctively hate it. I reject RWT and all those who support it. + +Efficient Market Hypothesis is very similar to TA’s premise #1: The Market Discounts Everything. How RWT evolved from that is a mystery. + +I suspect JJ may consider boffins dicks. + +**Dow Theory** + +Charles Dow and his old mate Edward Jones kicked off the whole TA thing back in 1882 with some proto-TA. His basic ideas, Dow Theory, are now assimilated into most trading approaches. JJ says it’s a cornerstone of TA so we have to cover a bit. + +On Jul 3 1884, Dow published the first stock market average of 11 stock prices at the close of the market. 9x railroads and 2x manufacturers. He thought that a good indicator of the USA’s economic health. He revised that in 1897 by introducing another, creating 12x stock industrial and 20x stock rail indices. + +A few changes occurred over the years but his contribution kicked of the whole market index thing. His ideas, as laid out below, informed TA and is, I suppose, how we ended up with the Dow Jones Index. + +Dow Theory Basic Tenets + +1. **The averages discount everything.** +Familiar. The sum and tendency of all transactions represents the sum of Wall Street’s knowledge + +2. **The market has three trends that can be equated with the tides, waves and ripples on the ocean.** +He conceived of the first (the tide) as lasting a year or more. These are our big trends. + +The waves are intermediate trends, lasting 3 weeks to 3 months. He describes these as retracing about -50% of previous moves up most commonly but anywhere from 33-66% each time. + +The ripples, under three weeks and which are the fluctuations we see in the intermediate (wave) trend. + +Dow described an uptrend as a succession of rising peaks and troughs. A downtrend, descending peaks and troughs. Trends etc will be looked at in depth later. + +3. **Major trends (tides) have three phases** + Accumulation, public participation and distribution. + +The accumulation phase is the informed buying up of stocks by the most astute investors (not us).