diff --git "a/reddit_finance_43_250k_91.txt" "b/reddit_finance_43_250k_91.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_91.txt" @@ -0,0 +1,10000 @@ + +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. +I just got a message from Degiro claiming they will take a 0.25 % fee on the total amounts (minimal 2.5 EUR) per exchange connected. Have you seen this too ? Doesn't this make Degiro be ridicolously expensive ? You pay hidden 'autofx fees'(not exported in CSV) on top of regular brokerage fees. + +&#x200B; + +What is your take on this? Are there better options ? +Guten Tag to this worldwide community of Apes, and especially the GMEricans whose markets are closed today! 👋🦍 + +Prepare yourself for a marathon session of German market data today! Since the US markets are closed, ~~I'm going to update for the full duration of the Frankfurt exchange today, from 9:00 to 17:30 CEST in 5-minute increments.~~ + +Change of plans: I'm updating from 9:00 to 22:00 CEST, which should cover the entire TradingGate session. + +Last week was quite the week! The short volume continued to be very high, but GME held steady above $200. This week has a lot of interest, given that the deadline to roll quarterly futures contracts is September 9th. Regardless of how things play out between now and then, the revelations about Bain Capital, Jeff Bezos, and the way that many of the "dead stocks" suddenly spike in conjunction with GME movements continue to be very interesting. *Of course* once the stock is delisted, the shorts still don't ever buy back the shares - the interest on $0 is $0, and if they closed the short positions they would have to pay taxes on the gains. I personally believe that they are all angling to get a Tax Holiday event (or some other legislative mechanism) to allow them to close these short positions without paying capital gains tax, but until they get it they're just going to sit on their short positions indefinitely. They obviously picked incorrectly this time, and are now in an all-out fight to survive. While they are certainly still getting their punches in, as long as Apes HODL with Diamantenhände they have no chance to win the battle. I am proud to stand among all of you lovely Apes in this journey, and look forward to the continuation of this boss fight. + +Today is Monday, September 6th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** +# Summary of Labor Day 2021 on the German Market +###🟩 Up 2.12%, from $202.75 to $207.04 on 5057 shares of volume + +*** + +- 🟩 840 minutes in: **$207.04 / 174,23 €** *(volume: 5057)* +- ⬜ 835 minutes in: $206.59 / 173,85 € *(volume: 5042)* +- ⬜ 830 minutes in: $206.59 / 173,85 € *(volume: 5037)* +- ⬜ 825 minutes in: $206.59 / 173,85 € *(volume: 5037)* +- ⬜ 820 minutes in: $206.59 / 173,85 € *(volume: 5030)* +- ⬜ 815 minutes in: $206.59 / 173,85 € *(volume: 5030)* +- ⬜ 810 minutes in: $206.59 / 173,85 € *(volume: 5022)* +- ⬜ 805 minutes in: $206.59 / 173,85 € *(volume: 5022)* +- ⬜ 800 minutes in: $206.59 / 173,85 € *(volume: 5016)* +- ⬜ 795 minutes in: $206.59 / 173,85 € *(volume: 5016)* +- ⬜ 790 minutes in: $206.59 / 173,85 € *(volume: 5011)* +- ⬜ 785 minutes in: $206.59 / 173,85 € *(volume: 5009)* +- ⬜ 780 minutes in: $206.59 / 173,85 € *(volume: 5009)* +- ⬜ 775 minutes in: $206.59 / 173,85 € *(volume: 5008)* +- ⬜ 770 minutes in: $206.59 / 173,85 € *(volume: 5006)* +- ⬜ 765 minutes in: $206.59 / 173,85 € *(volume: 5006)* +- ⬜ 760 minutes in: $206.59 / 173,85 € *(volume: 4969)* +- ⬜ 755 minutes in: $206.59 / 173,85 € *(volume: 4966)* +- ⬜ 750 minutes in: $206.59 / 173,85 € *(volume: 4959)* +- ⬜ 745 minutes in: $206.59 / 173,85 € *(volume: 4928)* +- ⬜ 740 minutes in: $206.59 / 173,85 € *(volume: 4920)* +- 🟥 735 minutes in: $206.59 / 173,85 € *(volume: 4910)* +- ⬜ 730 minutes in: $206.80 / 174,03 € *(volume: 4904)* +- ⬜ 725 minutes in: $206.80 / 174,03 € *(volume: 4903)* +- 🟩 720 minutes in: $206.80 / 174,03 € *(volume: 4898)* +- ⬜ 715 minutes in: $206.62 / 173,88 € *(volume: 4799)* +- ⬜ 710 minutes in: $206.62 / 173,88 € *(volume: 4799)* +- ⬜ 705 minutes in: $206.62 / 173,88 € *(volume: 4798)* +- ⬜ 700 minutes in: $206.62 / 173,88 € *(volume: 4742)* +- ⬜ 695 minutes in: $206.62 / 173,88 € *(volume: 4694)* +- ⬜ 690 minutes in: $206.62 / 173,88 € *(volume: 4690)* +- ⬜ 685 minutes in: $206.62 / 173,88 € *(volume: 4588)* +- ⬜ 680 minutes in: $206.62 / 173,88 € *(volume: 4563)* +- ⬜ 675 minutes in: $206.62 / 173,88 € *(volume: 4558)* +- ⬜ 670 minutes in: $206.62 / 173,88 € *(volume: 4558)* +- ⬜ 665 minutes in: $206.62 / 173,88 € *(volume: 4551)* +- ⬜ 660 minutes in: $206.62 / 173,88 € *(volume: 4551)* +- 🟥 655 minutes in: $206.62 / 173,88 € *(volume: 4551)* +- 🟥 650 minutes in: $206.64 / 173,89 € *(volume: 4536)* +- ⬜ 645 minutes in: $206.80 / 174,03 € *(volume: 4536)* +- 🟥 640 minutes in: $206.80 / 174,03 € *(volume: 4504)* +- 🟩 635 minutes in: $207.65 / 174,74 € *(volume: 4194)* +- ⬜ 630 minutes in: $205.97 / 173,32 € *(volume: 4092)* +- ⬜ 625 minutes in: $205.97 / 173,32 € *(volume: 4092)* +- ⬜ 620 minutes in: $205.97 / 173,32 € *(volume: 4080)* +- 🟩 615 minutes in: $205.97 / 173,32 € *(volume: 4078)* +- 🟥 610 minutes in: $205.60 / 173,01 € *(volume: 4076)* +- ⬜ 605 minutes in: $205.67 / 173,07 € *(volume: 4070)* +- ⬜ 600 minutes in: $205.67 / 173,07 € *(volume: 4054)* +- ⬜ 595 minutes in: $205.67 / 173,07 € *(volume: 4028)* +- ⬜ 590 minutes in: $205.67 / 173,07 € *(volume: 4026)* +- ⬜ 585 minutes in: $205.67 / 173,07 € *(volume: 4026)* +- ⬜ 580 minutes in: $205.67 / 173,07 € *(volume: 4020)* +- 🟥 575 minutes in: $205.67 / 173,07 € *(volume: 4012)* +- 🟩 570 minutes in: $206.05 / 173,39 € *(volume: 4012)* +- 🟩 565 minutes in: $205.70 / 173,10 € *(volume: 3978)* +- ⬜ 560 minutes in: $205.67 / 173,07 € *(volume: 3976)* +- ⬜ 555 minutes in: $205.67 / 173,07 € *(volume: 3967)* +- ⬜ 550 minutes in: $205.67 / 173,07 € *(volume: 3941)* +- ⬜ 545 minutes in: $205.67 / 173,07 € *(volume: 3934)* +- 🟩 540 minutes in: $205.67 / 173,07 € *(volume: 3930)* +- 🟥 535 minutes in: $204.99 / 172,50 € *(volume: 3928)* +- 🟥 530 minutes in: $205.11 / 172,60 € *(volume: 3925)* +- ⬜ 525 minutes in: $205.26 / 172,73 € *(volume: 3914)* +- 🟩 520 minutes in: $205.26 / 172,73 € *(volume: 3914)* +- 🟥 510 minutes in: $205.15 / 172,64 € *(volume: 3794)* +- 🟥 505 minutes in: $206.10 / 173,44 € *(volume: 3773)* +- ⬜ 500 minutes in: $206.36 / 173,65 € *(volume: 3766)* +- ⬜ 495 minutes in: $206.36 / 173,65 € *(volume: 3741)* +- 🟩 490 minutes in: $206.36 / 173,65 € *(volume: 3715)* +- 🟥 485 minutes in: $206.10 / 173,44 € *(volume: 3702)* +- 🟥 480 minutes in: $206.36 / 173,65 € *(volume: 3701)* +- ⬜ 475 minutes in: $206.62 / 173,88 € *(volume: 3691)* +- 🟥 470 minutes in: $206.62 / 173,88 € *(volume: 3685)* +- 🟥 465 minutes in: $206.68 / 173,93 € *(volume: 3680)* +- 🟩 460 minutes in: $206.91 / 174,11 € *(volume: 3676)* +- 🟩 455 minutes in: $206.85 / 174,06 € *(volume: 3615)* +- 🟩 450 minutes in: $206.59 / 173,85 € *(volume: 3612)* +- ⬜ 445 minutes in: $206.24 / 173,55 € *(volume: 3540)* +- 🟩 440 minutes in: $206.24 / 173,55 € *(volume: 3531)* +- ⬜ 435 minutes in: $206.06 / 173,40 € *(volume: 3345)* +- 🟩 430 minutes in: $206.06 / 173,40 € *(volume: 3343)* +- ⬜ 425 minutes in: $205.50 / 172,93 € *(volume: 3334)* +- 🟩 420 minutes in: $205.50 / 172,93 € *(volume: 3320)* +- 🟥 415 minutes in: $205.47 / 172,90 € *(volume: 3308)* +- 🟩 410 minutes in: $205.55 / 172,98 € *(volume: 3253)* +- 🟥 405 minutes in: $205.50 / 172,93 € *(volume: 3242)* +- 🟩 400 minutes in: $205.53 / 172,95 € *(volume: 3230)* +- 🟩 395 minutes in: $205.51 / 172,94 € *(volume: 3229)* +- ⬜ 390 minutes in: $205.29 / 172,75 € *(volume: 3172)* +- ⬜ 385 minutes in: $205.29 / 172,75 € *(volume: 3058)* +- ⬜ 380 minutes in: $205.29 / 172,75 € *(volume: 3027)* +- ⬜ 375 minutes in: $205.29 / 172,75 € *(volume: 3024)* +- ⬜ 370 minutes in: $205.29 / 172,75 € *(volume: 3024)* +- ⬜ 365 minutes in: $205.29 / 172,75 € *(volume: 3024)* +- ⬜ 360 minutes in: $205.29 / 172,75 € *(volume: 3014)* +- ⬜ 355 minutes in: $205.29 / 172,75 € *(volume: 2948)* +- ⬜ 350 minutes in: $205.29 / 172,75 € *(volume: 2940)* +- ⬜ 345 minutes in: $205.29 / 172,75 € *(volume: 2938)* +- ⬜ 340 minutes in: $205.29 / 172,75 € *(volume: 2875)* +- ⬜ 335 minutes in: $205.29 / 172,75 € *(volume: 2872)* +- 🟩 330 minutes in: $205.29 / 172,75 € *(volume: 2871)* +- 🟩 325 minutes in: $205.18 / 172,66 € *(volume: 2786)* +- 🟥 320 minutes in: $205.08 / 172,57 € *(volume: 2759)* +- ⬜ 315 minutes in: $205.29 / 172,75 € *(volume: 2759)* +- 🟩 310 minutes in: $205.29 / 172,75 € *(volume: 2654)* +- ⬜ 305 minutes in: $205.18 / 172,66 € *(volume: 2629)* +- ⬜ 300 minutes in: $205.18 / 172,66 € *(volume: 2620)* +- ⬜ 295 minutes in: $205.18 / 172,66 € *(volume: 2606)* +- ⬜ 290 minutes in: $205.18 / 172,66 € *(volume: 2585)* +- 🟥 285 minutes in: $205.18 / 172,66 € *(volume: 2582)* +- ⬜ 280 minutes in: $205.29 / 172,75 € *(volume: 2573)* +- ⬜ 275 minutes in: $205.29 / 172,75 € *(volume: 2573)* +- ⬜ 270 minutes in: $205.29 / 172,75 € *(volume: 2572)* +- 🟥 265 minutes in: $205.29 / 172,75 € *(volume: 2571)* +- 🟥 260 minutes in: $205.99 / 173,34 € *(volume: 2554)* +- 🟥 255 minutes in: $206.09 / 173,43 € *(volume: 2545)* +- 🟩 250 minutes in: $206.18 / 173,50 € *(volume: 2538)* +- 🟥 245 minutes in: $205.58 / 173,00 € *(volume: 2471)* +- 🟥 240 minutes in: $205.60 / 173,01 € *(volume: 2471)* +- 🟥 235 minutes in: $206.07 / 173,41 € *(volume: 2468)* +- ⬜ 230 minutes in: $206.18 / 173,50 € *(volume: 2350)* +- 🟩 225 minutes in: $206.18 / 173,50 € *(volume: 2349)* +- 🟥 220 minutes in: $205.94 / 173,30 € *(volume: 2348)* +- 🟩 215 minutes in: $206.18 / 173,50 € *(volume: 2339)* +- 🟩 210 minutes in: $205.66 / 173,06 € *(volume: 2300)* +- 🟥 205 minutes in: $205.14 / 172,62 € *(volume: 2300)* +- 🟥 200 minutes in: $205.15 / 172,64 € *(volume: 2297)* +- 🟩 195 minutes in: $206.19 / 173,51 € *(volume: 2280)* +- 🟩 190 minutes in: $206.15 / 173,47 € *(volume: 2266)* +- 🟩 185 minutes in: $205.57 / 172,99 € *(volume: 2241)* +- 🟩 180 minutes in: $205.14 / 172,62 € *(volume: 2240)* +- 🟩 175 minutes in: $205.08 / 172,57 € *(volume: 2104)* +- 🟩 170 minutes in: $204.29 / 171,91 € *(volume: 2056)* +- 🟩 165 minutes in: $204.19 / 171,82 € *(volume: 2047)* +- 🟥 160 minutes in: $203.18 / 170,97 € *(volume: 1420)* +- 🟥 155 minutes in: $203.25 / 171,04 € *(volume: 1411)* +- 🟥 150 minutes in: $203.33 / 171,10 € *(volume: 1373)* +- 🟩 145 minutes in: $203.36 / 171,12 € *(volume: 1346)* +- ⬜ 140 minutes in: $203.25 / 171,04 € *(volume: 1341)* +- 🟩 135 minutes in: $203.25 / 171,04 € *(volume: 1341)* +- 🟥 130 minutes in: $202.94 / 170,78 € *(volume: 1292)* +- 🟥 125 minutes in: $202.96 / 170,79 € *(volume: 1275)* +- 🟥 120 minutes in: $203.06 / 170,88 € *(volume: 1269)* +- 🟥 115 minutes in: $203.07 / 170,89 € *(volume: 1263)* +- 🟩 110 minutes in: $203.09 / 170,90 € *(volume: 1211)* +- 🟥 105 minutes in: $203.07 / 170,89 € *(volume: 1203)* +- 🟥 100 minutes in: $203.13 / 170,94 € *(volume: 1168)* +- 🟥 95 minutes in: $203.50 / 171,25 € *(volume: 1122)* +- 🟩 90 minutes in: $203.56 / 171,30 € *(volume: 1097)* +- 🟩 85 minutes in: $203.39 / 171,15 € *(volume: 1063)* +- 🟩 80 minutes in: $202.94 / 170,78 € *(volume: 1048)* +- 🟩 75 minutes in: $202.87 / 170,71 € *(volume: 808)* +- 🟥 70 minutes in: $202.70 / 170,57 € *(volume: 674)* +- 🟩 65 minutes in: $203.19 / 170,99 € *(volume: 600)* +- 🟥 60 minutes in: $203.09 / 170,90 € *(volume: 563)* +- ⬜ 55 minutes in: $203.21 / 171,00 € *(volume: 550)* +- ⬜ 50 minutes in: $203.21 / 171,00 € *(volume: 542)* +- ⬜ 45 minutes in: $203.21 / 171,00 € *(volume: 509)* +- ⬜ 40 minutes in: $203.21 / 171,00 € *(volume: 487)* +- ⬜ 35 minutes in: $203.21 / 171,00 € *(volume: 485)* +- ⬜ 30 minutes in: $203.21 / 171,00 € *(volume: 482)* +- 🟩 25 minutes in: $203.21 / 171,00 € *(volume: 476)* +- ⬜ 20 minutes in: $203.09 / 170,90 € *(volume: 453)* +- 🟩 15 minutes in: $203.09 / 170,90 € *(volume: 430)* +- ⬜ 10 minutes in: $203.03 / 170,85 € *(volume: 414)* +- 🟥 5 minutes in: $203.03 / 170,85 € *(volume: 390)* +- 🟩 0 minutes in: $203.04 / 170,86 € *(volume: 246)* +- 🟥 US close price: $202.75 / 170,61 € *($203.80 / 171,50 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.18834989. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I'm a car guy. I have a shop and warehouse with lift, air, lots of tools, scanner, etc..... The Snap-On truck comes by if I call him. It's my hobby. I have a couple of sports cars and some vintage cars. A couple of motorcycles too. + +So there's a car I want. I won't bore you with the details. But to get this car, I have to pay MSRP plus 20%. I also have to travel out of town or have the car shipped to me, because the local dealer does not have an allocation for exactly what I want. This is also the last model year for this car (gas powered, high horsepower, brand is moving to electrics). + +I will stipulate that paying the 20% is a rip-off. + +I am relatively certain I would own this car for the rest of my time on earth. + +I am also relatively certain that I would remember the 20% every time I drove the car. And not in a fond memory way. + +Philosophically, should I just pay the 20% stupidity tax and try to enjoy the car? + +(Our home is paid off and we have enough to retire on already, so I am luckily able to write a check for the car and the 20% stupid tax. Also we both still work.) + +*EDIT: Challenger Hellcat Redeye. MSRP will be around $100K plus $20K dealer markup.* +Hi All, + +A have $20k a side from my portfolio that I would like to be extremely aggressive with in the ETF game. I need your opinion on the 2 holdings that I’m am thinking about putting it in. + +QQQM (50%) +ARKK (50%) + +I just want to try this out by leaving the $20k in those 2 funds for a couple years. + +Any thoughts on how risky this is? Is this even risky? +I'm looking at a Triplex with a CAP rate of 11%. It's in a great area, great schools, new roof, and there's lots of money funneling into the neighborhood. However, there is a catch. All three tenants haven't paid rent in more than a year and they all want to stay. Is there anything that I can do about this, or should this be a hard pass? + +Edit: First off I want to thank everyone for the categorically monumental wealth of knowledge that was shared here today! I have gained a depth of insight that has far exceeded my expectations and a profound clarity on how to proceed with this opportunity. I am truly grateful for all of your wisdom! + +My plan is to proceed as follows: +1) Level with the owner and make an offer at 20% below ask. +2) Accept a counter that is less than or equal to 10% off of ask +3) Have my attorney ready to hand out evictions on day 1. +4) Utilize cash for keys if absolutely necessary. Also, offer to pay for a one day U-Haul rental if they need just a smidge more persuasion. +5) Renovate and get new tenants in by the 6 month mark. +6) Take a weekend trip to the mountains if I can meet my deadline +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! + +It’s originally a garden triplex with fourth unit added from garage conversion. I posted previously with details, so short story is it was listed in June for 675k, reduced twice to 475k, put it under contract at 450k and got it it for the appraised value 420k. The appraisal comps were in a worse neighborhood so we got it at a great price. Deals can still be had right now! This was on the MLS too. + +This puts us at 10 doors over 5 years of investing. Just upped our umbrella policy. Starting to feel like real RE investors now, and getting more confident in the process and our abilities. + +Edit: found it On the MLS +What credit cards do you have? At what point did the equation become less about points and bonuses and more about the perks? Do you have a lot of cards? Have you cancelled older cards or just kept them going for the credit score help? + +For me I have: +J.P. Morgan Reserve with a AU for my wife. + + +Chase freedom unlimited (downgrade from old Sapphire Reserve) + + +Amex BONVOY card (from when I used to travel for work) + + +BofA cash rewards with the 5.25% back from keeping $100k at ML. + + +An old MasterCard I never use but have for a few times I can only use MasterCard internationally. + Unlike a cat's 9 lives, many tokens are a 1 hit wonder. Pump, dump and forget. + +TacoCat Also TacoCat backwards is what you need in your altcoin portfolio **Now!** + +TacoCat's uniquely designed Taconomics, Experienced Marketing Team, TacoCat TEQUILA and dedicated community are going to make this token a winner. + +🌮 What are these unique Taconomics?😺 + +Like a Cat's 9 Lives there will be 9 % fees on Transaction + +♻️ 8% to liquidity pool ♻️ + +📈1% to holders 📈 + +This distribution into the liquidity pool ensures TacoCat remains stable and **will not be as volatile** as many other tokens. + +The max transaction amount of 0.25BNB Means **no huge sales can be executed quickly** which should prevent whale dumps and encourage accumulations + +♻️ Liquidity Locked: 50% for 6 months and 50% for 12 months. Locking confirmed & handled by well respected BogTools Dev Team. The liquidity donated by the community will be returned to the community at the end of those 6 and 12 month periods ♻️ + +**🌮 Wen Marketing?😺** + +Tacocat has a dedicated experienced marketing team in place pre launch. This team have been hand selected by the great marketing leader based on success in previous projects. + +Marketing Roadmap: + +1. Brand Establishment on Socials: Twitter/ TikTok/ Telegram +2. Early Partnerships - Aim for [bogged.finance](https://bogged.finance/) listing +3. Community Competitions +4. TacoCat Tequila Commission + +**🌮 Tacocat Tequila Wen?😺** + +Shortly after establishment the community will decide on a tequila blend / distillery. A custom batch will be ordered with unique branding and delivered straight to your front door! + +**🌮 Community - Antiwhale attitude😺** + +This token is the love child of a group of likeminded individuals who love Cats, Tequila, Tacos and BSC tokens with organic growth. The initial liquidity was made up from community donations (My donation was 0.042069 BNB). The launch was a FairLaunch with no presale. + +These 3 components along with an experienced, dedicated community are the key 🐋**Anti-Whale Ingredients 🧪** + +**This is a community that understands what is takes for a token to grow and be adopted. It requires:** + +1. **💎 Diamond Hands 💎** +2. **💪Community Effort 💪** +3. **👍 Good Vibes 👍** + +**Early adopters include some well respected BogBingus Community Bro's & Broettes. These guys know how to keep a coin on an upward growth.** + +**If you love all of the above then come join Team TacoCat, We look forward to our Journey together** + +[**Buy PCS ( set slippage to 9)**](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB) + +[**Trade on Bogged.Finance**](https://bogged.finance/trade?token=0xA8fcEe78B782eF97380326E90DF80D72f025f020) + +[**Chart**](https://charts.bogged.finance/?token=0xA8fcEe78B782eF97380326E90DF80D72f025f020) **📊** + +**Links:** + +**🌮** [**Telegram**](https://t.me/TacoCatCrew) + +**😺** [**Twitter**](https://twitter.com/tacocatcrew) + +**🌮** [**Website Tacocat.finance**](https://tacocat.finance/) + +**😺**[**Discord**](https://discord.gg/kwPG4edB) +Going out for dinner will always be one of life’s little luxuries. And it’s also of the most expensive when done regularly. + +I’ve been travelling a fair bit for work recently so I’ve been eating out while on the road. Obviously everything is more expensive and restaurants need to pay rent and keep the lights on, but $50+ for a single of food is something I struggle to justify. Even when my work is paying for it, I can’t help but think about how many meals I could cook at home for the same amount. + +The $25-30 pasta dishes really get me. +Saving accounts? 0.1% interest isn’t going to help at all in building wealth. ❌ + +Real estate? Housing prices are so expensive millennials can barely afford to own their own house, let alone invest in rental property.❌ + +Higher education? A degree is so common nowadays it doesn’t confer any extra advantage. PhDs are in oversupply, many are stuck in low paying adjunct positions. (Ok this is a partial tick ✅, but no one is going to get rich just by having a higher degree.) + +Stocks? Partial tick ✅ only for Frontier Technology like Electric Vehicles. No one is going to get rich investing in Apple, Amazon, FaceBook in 2021, the time for that has passed 10 years ago. + +Crypto’s institutional adoption only really began this year in 2021. DeFi started less than 5 years ago in 2018-2019, but again really became popular only recently. Crypto (those of good quality) is literally one of the most promising things a millennial can invest in. +I'm a 14 year old that wants to save for the future. + +I don't have a job or allowance so the best way to save that I thought of was to put €2 away for each €10 I receive. Is this a good idea or is there a better way? + + I still want a good bit of money for other things. I think I'd want about 80% of money I receive to be used for whatever, and the rest to go into savings. + +Edit: I'm posting this at night, may not be active for a while. + +Edit 2: You can tell I posted this at night cause of the typo (I meant € not £) +We have 2 small kids and are not quite ready to retire yet (we’d be lean at this stage). + +We’re hoping to retire once our youngest starts school - at that point their ages will be 5 and 8. Our vision being that we’d have the school hours to pursue our own hobbies and interests and relax a bit (because let’s be honest the kids are HARD at the current stage and I don’t really think it gets easier), then we could be present and refreshed with them before & after school. + +Also at this stage we would start long slow travel in the summers and at least 1 year doing the National Parks thing in an RV. + +For those with kids (especially older if you all have gone through lots kid’s of stages already) any thoughts on this approach? + +More broadly - what do you think is the ideal age range of kid(s) during which to retire? +https://www.bloomberg.com/amp/opinion/articles/2018-11-04/retiring-early-sounds-appealing-but-is-impractical + +Ignoring the actual SWR math that goes into FIRE: +>The biggest issue with the FIRE movement is that it’s the ultimate bull market phenomenon. FIRE seems to work because the stock market has gone straight up. A bear market will change that. + +About Suze Orman's FIRE opinions: +> But she’s not wrong under her framework, which is that in retirement, you want to live well, not poorly. If you don’t have the ability to fly first class once in a while, you have probably done something wrong. + +About the purpose of money: +> ...saving and investing should be for the purpose of future consumption or for charitable contributions, not so you don’t have to set your alarm clock. +I am looking to invest $10K into 10 dividend yielding stocks/funds. I’m 45 with 3 kids and do not want to invest in anything too risky. The plan is reinvest the dividends and to add a little extra each month. I’ve been trolling this Sub for awhile for ideas and have come up with a list I’m thinking of buying. I’m hoping for some advice. Is there anything I should add or substitute? I’m also unsure how I want to break the money it up. Should I do $1k in each or load up more certain stocks? Also, what platform is best for purchasing dividend stocks? I have an account already with TDAmeritrade but nothing is in it at the moment. Should I stay with them or switch to something else? Any advice would be appreciated. + +Here’s what I’m looking at so far: + +FRT, +ABBV, +XOM, +AAPL, +IVR, +VZ OR T, +PCI, +QYLD +I was shocked when my friend told me they pay around $10,000 per year in body corporate fees for their single bedroom apartment. The place has two giant pools, multiple gyms and many elevators so I guess this makes sense… but apart from those obvious things are there any other unexpected/hidden costs to look out for? +So you want to buy a house, eh? Here's some information that can help with that pesky [down payment](http://www.bankrate.com/finance/mortgages/down-payment-1.aspx): how much do you need, and where should you get it? This is for US audiences. and assumes you are buying a personal residence. Note that this is intended as an overview, and doesn't cover every possible option or alternative available, especially locally to you or specific to your situation. This writeup assumes you are qualified for a loan in other ways, such as credit history. + +**The basics.** Lenders want you to have your own money at risk in a house purchase, thus the down payment, which forms your initial equity. 20% of the price is a popular target; this gives the lender a cushion in the event they need to foreclose, since you will take the first 20% of the loss in foreclosure. + +Most [conventional](http://www.bankrate.com/finance/mortgages/conventional-fha-va-mortgage.aspx) (i.e. non-government-backed) mortgages will require [Private Mortgage Insurance (PMI)](https://www.consumerfinance.gov/ask-cfpb/what-is-private-mortgage-insurance-en-122/) if you don't put 20% down; usually you need at least 5%, though. That's not the end of the world, but it's an added cost to you, so we'll look at that shortly. Note that there are some conventional mortgages with reduced / eliminated PMI, but they are limited to certain lenders or situations. Most people won't have those options. Since 2/3 of mortgages are conventional, we'll spend more time discussing how down payments and PMI work for these type of loans. + +Alternatively, the government guarantees other mortgage products, including FHA, VA and USDA loans, that have [reduced down payment requirements](http://www.bankrate.com/finance/mortgages/4-mortgages-that-require-little-money-down-1.aspx); the government assumes some of the risk, allowing a reduced down payment, and gets you to pay the rest of it in various ways. You have to be a veteran for a VA loan, and only certain ruralish locations are eligible for [USDA loans](https://www.nerdwallet.com/blog/mortgages/usda-loan/) (and the best deals are for people with low income), but if those work for you, those are good options with 0% (!) down payment. [FHA loans](https://www.fha.com/fha_article?id=210) are more of a mixed blessing because you end up paying their version of PMI, called [MIP](https://themortgagereports.com/7570/fha-mip-cancel); down payments on FHA mortgages start at 3.5%. + +**How much should you put down?** That's easy, right? 20%? Well, maybe not. The [average down payment](http://realtormag.realtor.org/daily-news/2017/02/15/big-down-payment-myth ) in 2016 was 11% across all types of mortgages, so plenty of conventional mortgages are written with less than 20% down. You just pay extra through PMI for the privilege of the bank taking on more risk. + +You have three main ways of [paying PMI](http://www.realtor.com/advice/buy/options-paying-private-mortgage-insurance/): + +- As an added fee to your monthly payment, usually about .5% to 1% of the house price / year, paid monthly, but it varies based on down payment and credit score; + +- As a higher interest rate (perhaps .25% more) for the life of your loan, so-called lender-paid PMI (but you really pay it anyway); + +- As a one-time [lump sum](https://smartasset.com/mortgage/what-is-single-payment-mortgage-insurance). You pay something like 3% of the house price up front in lieu of monthly surcharges. Unlike a down payment, this doesn't go towards your equity. + +So, you have options. The monthly surcharge PMI can be [eliminated](http://www.bankrate.com/finance/mortgages/removing-private-mortgage-insurance.aspx) once you pay down the principal of your loan to below 80% of your original purchase price. That could take a while if you make minimum payments with a small down payment, but if your income grows, you could be in a position to eliminate PMI within a few years. While paying down a mortgage isn't always the best use of money, paying enough to eliminate PMI is typically more rewarding and worth the effort. + +(Some mortgages also allow you to eliminate PMI if your house appreciates enough to make your equity 20%+, but that's not universal and will require you to do some work and pay some fees.) + +The exact amount you put down depends on your specific situation; try for 20% if you can do it, since it will give you better financing options. You will also pay less monthly with a larger down payment. You probably won't get a better interest rate with a bigger down payment > 20%, so that's not something to plan for. + +**Where should you get the money?** The down payment should be your money, so, ideally, you want to save up for this over time. A typical nationwide house price might be $250,000, so 20% down would be $50,000; if you saved $1000/month, you could do that in about four years. (And, yes, in many places houses cost much, much more. Adjust accordingly.) But, that's a lot of savings, and that's a long time. So, what else can you do? + +**Gifts** from relatives are a very popular option, actually. Lenders are used to these and like them. There is typically no gift tax if your parents give you $20,000 or even $50,000 as a down payment. Problem solved, for those lucky enough to have this as an option. Note that loans from relatives are not the same and not nearly as cool. You will usually need to document that money from relatives is a gift and not a stealth loan. If your relatives sell you their house for less than market value, this is also treated a down payment gift, a so-called [gift of equity](https://www.fool.com/knowledge-center/for-wiki-how-to-give-equity-as-a-gift.aspx). + +**Special programs** exist in certain places to give homebuyers, especially first-time buyers for some definition of first-time, some assistance with their down payment. (Sometimes "first-time" just means "didn't own a house recently.") You might not know about the [Good Neighbor Next Door](https://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/reo/goodn/gnndabot) program that helps municipal employees in certain cities get a big discount on their homes. That's an example of program you probably don't qualify for, but there could be something local to you that you do qualify for, e.g. in [Ohio](http://myohiohome.org/firsttimehomebuyer.aspx) or [Austin, TX](http://www.austintexas.gov/department/down-payment-assistance) or various other places. Look around at what's available in your state, and in cities near you. Sometimes these are low-cost loans; other times they are grants, especially for low-income households. Not everybody has these, though. Many people don't have any good options here. + +**Retirement accounts** This is an option, but not an ideal one. Most people retire one day, so that's a higher priority than buying a house. If you are convinced you want to do this, your best options are either a [401k loan](https://themortgagereports.com/18789/should-you-borrow-from-your-401k-to-purchase-a-home-gina-pogol), or a distribution from an IRA. Roth contributions are the best way to do this not-so-good idea. You can also tap IRA gains up to $10,000 without penalty once in a lifetime, but you may owe taxes on the money. + +**Another loan** You can borrow part of your downpayment with a so-called [piggyback loan](https://mymortgageinsider.com/80-10-10-piggyback-mortgage/). You still come up with part of the money yourself, but then borrow enough additional in a second mortgage to eliminate PMI. You then have two loans to pay back. It's an option, but not usually your best option. + +**Where to save for your down payment?** Many people coming to this forum want to "put their money to work", and especially for a house down payment. But, sadly, your money is not very ambitious, and won't work very hard for you in typical down-payment-size amounts and timetables. If you are saving for a house purchase within five years, you don't want to put your money at risk of a 20% stock market correction that will inevitably occur just before you need the money. Your contributions will dominate any interest or earnings over a short timetable, so just use something that pays interest without principal risk. (Unless you really do want to risk your down payment. Most people don't.) + +So there is some basic information about down payments. If you have specific questions, let me know and I will try to answer them and update this. See also closing costs here: https://www.reddit.com/r/personalfinance/comments/6tu91h/buyers_closing_costs_101/ +So i thought it was about time i Did a updated DD on VML and try and share what knowledge I have on the Company. + +Technicals: + +SOI: 4,154,233,084 + +MC: 236Mil + +SP: 0.056c + +Financials : $43 million in Bank + +Debt: **0 Debt....** + +Outstanding Options and Performance shares will once complete will bring the SOI over 4 Bil SOI. This is the rough end of the Stock if it's too high for some that's completely understandable. I will agree the Performance Shares are on the high side but it is what it is. + +This is a Current List of all Available options, Ones in red have been done and or expired due to lack of conditions met. + +https://preview.redd.it/mf7t13vx7ox61.png?width=792&format=png&auto=webp&s=2ad7ac079ad1243f3cb737d6949417f5987d4623 + +[So far 30&#37; of the 800mil Options have been Converted](https://preview.redd.it/r0d5bp6z7ox61.png?width=846&format=png&auto=webp&s=bb6cd0b0f22fff8906e07c671c8b3d317e2c8097) + +&#x200B; + +**Who are Vital Metals** + +VML are a Rare Earth Mining company Focused on their Nechalacho project in Canada with the aim of Producing 5000't's ex Cerium that means actually about 10000t/yr with Cerium (Bastnaesite normally has a Ce content of about 50%). + +What sets VML apart from other Hard Rock RE explorer's/ producers is the 3 Stage approach to production ensuring as less Dilution as possible and self funded growth. + +**Stage 1:** Near Term production on North T section containing 9000t's REO to fund future expansion ( Will be Mining entirety of North T from March-September and Stockpiling for continued revenue. + +**Stage 2:** Moving into the Tardif Zone which contains over 95Mil Tonnes of RE's at 1.4% TREO this is a Multi generational Mine which will be used to Ramp up production and supply to Clients. + +**Stage 3:** Wigu Hill Project in Tanzania contains 3.3Mt's at 2.6% Treo + +[The last Column is when we expect Wigu Coming online Closer to 2030 when Supply\/Demand hits Critical levels](https://preview.redd.it/ci6pc3yi9ox61.png?width=1133&format=png&auto=webp&s=65b6a71f8061cfc77cbf47465e2d87c414f507bd) + +[Traditional RE Project Model](https://preview.redd.it/rpgf46oxnsx61.png?width=1126&format=png&auto=webp&s=4df94464fc00698fffa53a7fc785a4072433b670) + +Management: + +https://preview.redd.it/lndjrefl9ox61.png?width=1641&format=png&auto=webp&s=5a7da1b78d51a95c58b9f4e8a22e2d01a35b12ac + +Geoff Atkins and Tony Hadley were both brought up through the Ranks of Lynas in a time when there was only China and Lynas producing RE's. Geoff was Corporate Planning Manager at Lynas Corporation where he oversaw development and implementation of the corporate strategic planning process for plants such as: + +Mt Weld Rare Earth Mine and Concentration Plant; + +Lynas Advanced Materials Plant (LAMP): Kuantan, Malaysia; + +Kangankunde Rare Earth Project: Malawi; + +Tony Hadley is regarded as one of the world’s leading experts in rare earth processing outside of China, former GM of Lynas Mt Weld mine and Northern Minerals Browns Range mine with over 25years’ extensive experience in metallurgical process, operations. + +&#x200B; + +**Location Location Location:** + +Nechalacho is situated in the Saskatchewan province in Canada it contains 94 Mil tones of Contained RE's. Now we all know in October 2020 President Trump signed a Exec Order ([https://www.defensenews.com/congress/2020/10/01/trump-executive-order-on-rare-earths-puts-material-risk-in-spotlight/](https://www.defensenews.com/congress/2020/10/01/trump-executive-order-on-rare-earths-puts-material-risk-in-spotlight/)) put a spotlight on the RE industry and recently President Biden did the same ([https://www.cnbc.com/2021/02/18/biden-to-order-supply-chain-review-to-assess-us-reliance-on-overseas-semiconductors.html](https://www.cnbc.com/2021/02/18/biden-to-order-supply-chain-review-to-assess-us-reliance-on-overseas-semiconductors.html)) with the over reliance on China for its RE's but in June 2020 Canada and US formed the Critical Minerals Cooperation ([https://ca.usembassy.gov/united-states-and-canada-forge-ahead-on-critical-minerals-cooperation/](https://ca.usembassy.gov/united-states-and-canada-forge-ahead-on-critical-minerals-cooperation/)) in order to protect and supply each other with the needed RE's they may need. + +In January 2021 Saskatchewan received a **AAA** **Global Rating** ([https://www.saskatchewan.ca/government/news-and-media/2021/january/13/saskatchewan-gets-top-global-ranking-in-international-mining-report](https://www.saskatchewan.ca/government/news-and-media/2021/january/13/saskatchewan-gets-top-global-ranking-in-international-mining-report)) The report ranks 111 jurisdictions across 83 countries Saskatchewan was one of only two jurisdictions that achieved the highest AAA rating. + +Not only are VML ( Cheetah Resources) Mining in a AAA rating province but in 2020-2021 corporate incentive grants went to BNT Gold Resources Ltd. (gold – C$37,123), [Cheetah Resources](https://www.miningnewsnorth.com/search/Cheetah_Resources) Corp. (rare earth elements – C$180,000) ([https://www.miningnewsnorth.com/story/2021/01/01/news/government-offers-more-mining-incentives/6585.html](https://www.miningnewsnorth.com/story/2021/01/01/news/government-offers-more-mining-incentives/6585.html)). + +**First Offtake:** On Feb 2nd 2021 VML executed its **First** offtake with Norway company REEtec for 1000T's ex cerium per year for a 5 year contract with options to increase to 5000t's for 10 years. This is a major accomplishment by both parties as it's not a traditional offtake as both parties have entered into a Profit Sharing Scheme where each will be covered for operating costs and split the profits of the finished separated product worth $42 mil per Anum. + +([https://www.youtube.com/watch?v=cRjYCGH6bkI](https://www.youtube.com/watch?v=cRjYCGH6bkI)) Geoff Atkins interview about the Partnership + +On the 8th of March Samples were sent to REEtec to confirm Spec's were correct. + +https://preview.redd.it/ea9kfdsp9ox61.png?width=554&format=png&auto=webp&s=34cef2ad2795bb2e2de4f20a454ddb1867defbaf + +Not only this it sets up VML and REEtec to be the first supplier of Mine to Magnet in Europe as The light and heavy rare earth oxides produced by Reetec will be turned into metals and alloys by UK-based Less Common Metals and then made into magnets by Germany's Vacuumschmelze ([https://www.argusmedia.com/en/news/2067472-europe-moves-closer-to-rare-earth-magnet-supply-chain](https://www.argusmedia.com/en/news/2067472-europe-moves-closer-to-rare-earth-magnet-supply-chain)). + +**SRC:** Vital Metals (VML) subsidiary Cheetah Resources has signed a binding term sheet for the construction of a rare earth extraction plant in Canada The deal was signed with Saskatchewan Research Council (SRC), which recently announced it would spend $31 million building a complementary rare earth processing and separation facility in Saskatoon. Vital's plant would be built alongside the facility and work to produce a mixed rare earth carbonate product, SRC seperation plant is set to come online late 2022. What this means is VML by late next year will have two seperation facilities that it will be feeding REO to. + +SRC is a State funded Research facility in Canada. + +[\(https:\/\/www.src.sk.ca\/campaigns\/rare-earth-processing-facility\)](https://preview.redd.it/6dpv0qz9nsx61.png?width=510&format=png&auto=webp&s=414f3ab5deb1b073c1b6fadc82e2d09b47040e41) + +https://preview.redd.it/awz4tcur9ox61.png?width=1132&format=png&auto=webp&s=37bf7ca9444d97298f70d3e00f78259b622c4977 + +&#x200B; + +[VML Makes History Hiring First Nations Constructions](https://preview.redd.it/pb86n031mox61.png?width=984&format=png&auto=webp&s=2f7bc077d39697ca120789459393cff52d8c0742) + +[Interview of a Det;on Cho Nahanni Worker](https://preview.redd.it/h5ald4o1mox61.png?width=751&format=png&auto=webp&s=9033bccbb5db4dd46578fff9469e63a5c7eca965) + +[The plan for 2021](https://preview.redd.it/9ovwiilbmox61.png?width=941&format=png&auto=webp&s=62ddcac649bf6cd47d23d3cac865eafa164a1d64) + +**What Product are we selling...** + +[All Resources Are known](https://preview.redd.it/m4liq1nwmsx61.png?width=1125&format=png&auto=webp&s=c0b73ac60838b6aecceb8c843808e664f3197ea5) + +https://preview.redd.it/0w74i2bu9ox61.png?width=1190&format=png&auto=webp&s=0f5b5d010b63379e11294233d63807440ec93eef + +Above is a chart of VML's combined Elements in the ground. In total we average 43.7% Ndpr which is the critical minerals for EV's ect. So if we have a 5000t Offtake by 2025 2205T's of that will be critical materials needed for EV production. + +The Table below that is a very rough outlook of the possible income we may expect from our 1st initial years of revenue and so on. + +&#x200B; + +**Moving Forward**: + +Winter is beginning to end in Canada the Mining Fleet has been Mobilized. + +https://preview.redd.it/hfzjcnxx9ox61.png?width=941&format=png&auto=webp&s=d10736d394effef3ba30f1728e0e369e951e3fd9 + +Construction Crew have arrived and Started to Clear Site for Operations. + +https://preview.redd.it/5xceeabz9ox61.png?width=785&format=png&auto=webp&s=b8765404f7e022b8bf35c78f7249cbbc6b543d6a + +&#x200B; + +https://preview.redd.it/34ahzz9ky7z61.png?width=989&format=png&auto=webp&s=75be02f4c217c0bedf95d6b018dac1cad26f8821 + +https://preview.redd.it/mxpf6b4dy7z61.png?width=799&format=png&auto=webp&s=805cdd45a0ba87ee810625c87c4bddba0ba1c2cb + +[ “Our facility will be located within SRC’s rare earth precinct which has the potential to provide us with several advantages including the opportunity for SRC to be a potential customer of our rare earth carbonate product,” ](https://preview.redd.it/kn2c5rwygd071.png?width=859&format=png&auto=webp&s=412277cdaaeb72fe4f3b4908fe527a20a74e1570) + +https://preview.redd.it/rcehlc44hd071.png?width=525&format=png&auto=webp&s=13f47e4992b346df3ed050b6539f7fe2f3681581 + +&#x200B; + +" Mineral Reserve estimate of 12.0 million tonnes of 1.70% TREO1, 3.16% zirconium oxide (ZrO₂), 0.41% niobium oxide (Nb₂O₅) and 0.041% tantalum oxide (Ta₂O₅). Combined recoveries of TREO, ZrO₂, Nb₂O₅and Ta₂O₅ are 84.6% from the flotation plant and 90% from the hydrometallurgical plant. All four products will be concentrated together and are only isolated into individual products in the final stages of the hydrometallurgical process and therefore, their recovery costs have been aggregated. Expected revenues are based on the following average price assumptions in USD per kilogram: TREO = $21.94, ZrO₂ = $3.77, Nb₂O₅ = $45.00, Ta₂O₅ = $130.00. Some of the price assumptions used are above current prices, based on independent third-party long term forecasts." + +([https://sec.report/otc/financial-report/33179](https://sec.report/otc/financial-report/33179)) + +Avalon's Pre Feasibility Study of Nechalacho Thor lake RE mine. + +&#x200B; + +([https://www.youtube.com/watch?v=PULsVHJXf0M](https://www.youtube.com/watch?v=PULsVHJXf0M)) Crux Investor Interview + +([https://www.youtube.com/watch?v=Kl\_0cFOlwkQ](https://www.youtube.com/watch?v=Kl_0cFOlwkQ)) VML Introduction + +([https://www.youtube.com/watch?v=gE71Q8XqgIQ](https://www.youtube.com/watch?v=gE71Q8XqgIQ)) Feb Market Update + +([https://www.youtube.com/watch?v=alg-5IiFAVs](https://www.youtube.com/watch?v=alg-5IiFAVs)) Sydney RUI Conference. + +&#x200B; + +**Everyone Wants some tendies** + +[ The colonel’s back in town and some Yellowknifers couldn’t be happier.  ](https://preview.redd.it/ff7wakz4lox61.png?width=791&format=png&auto=webp&s=e1b17c14d7d4fee56d89ba529da7a49529a1661b) + +&#x200B; + +([https://cabinradio.ca/61699/news/yellowknife/sanitized-finger-lickin-good-kfc-returns-in-covid-hit-yellowknife/](https://cabinradio.ca/61699/news/yellowknife/sanitized-finger-lickin-good-kfc-returns-in-covid-hit-yellowknife/)) + +&#x200B; + +The Risks: + +1. Share Dilution is to me the biggest Risk when it comes to return value of investment. Higher the SOI the easier it is to manipulate the SP and due to the large amount of options and Performance shares available these can be used to stagnate the SP. +2. Unknown % of profit VML and REEtec are splitting +3. No economic data so far presented for the Nechalacho project + +Disclaimer I am a Holder. +In my earlier post, folks were asking for a macro view. I write macro newsletters on a weekly basis with my co-chief investment manager and business partner. Here are our thoughts regarding what's going on right now: + +Here’s one of my basic trading principles… + +The market tends to do what will inflict the most pain on the biggest number of investors. + +Today, the disconnect between the economy and the market’s powerful rally flies in the face of logic. But more importantly… it’s creating a huge amount of pain for investors. + +Let me explain… + +## Ripe for the Next Leg Lower + +Since the low on March 23, the S&P 500 has been rallying relentlessly. It closed last week up 36% from the March low. + +Many medium-term, trend-following trading advisors have been caught short. They’ve been steamrolled by this rally. + +The rally is also creating a lot of pain for the private investors who waited for more attractive levels to buy. + +At the same time, a lot of people who were suffering from FOMO (Fear Of Missing Out), finally couldn’t stand it any longer and they’ve plunged in with both feet. + +The corrections have been minimal since then, and the economic data has been awful. This is a perfect combination for a gigantic short squeeze. + +A short squeeze is when the price of a security goes up so fast, short sellers are forced to rush in and buy to cover their losses. Their short covering pushes the price up even higher… and forces still more short sellers out of their positions. + +It becomes an ugly snowball effect, with layers of buyers rolling in to cover losses, one after another. + +Now, many traders have been forced to capitulate in recent weeks. But my bet is that this capitulation will be over soon. + +At that point, the market will be ripe for the start of the next leg lower. I believe this down move in stocks will come soon. + +## Ready for a Meltdown + +This same cynical thinking convinced me in January that the stock market was getting ready for a meltdown. + +Back then, I called for a dramatic sell-off. The epidemic turned out to be the catalyst for the stock market’s collapse. + +But it wasn’t the coronavirus that created my bearishness. It would have been something else instead if the virus hadn’t come along. + +The market was too bullish. The fundamentals looked too good. Everything good was already discounted in the price, and the market needed a big cleansing. + +The Fed’s insistence on trying to micromanage every little dip in the economy seemed foolhardy. In retrospect, the Fed’s hypersensitivity to any sort of economic slowdown is what landed us in this predicament. + +For example, normally the Fed can lower interest rates to stimulate the economy during times of extreme economic weakness. + +But before the pandemic hit, the Fed had already lowered rates to historically low levels. So the stimulus of lowering interest rates had been stripped from the Fed’s arsenal. + +Companies had built up far too much debt, and this over-leveraged situation still needs to be cleared out. + +That is what bankruptcies accomplish – both at the corporate and personal levels. + +Do I think the markets are overly optimistic about the pace and magnitude of the economic recovery? Absolutely! Here’s why… + +## This Optimism Won’t Last + +In just 10 weeks, we’ve witnessed something we have never seen before. + +Last week’s jobless claims numbers showed another 2.12 million people applied for unemployment. That doesn’t include the 1.2 million claims filed by gig workers – such as drivers for Uber and Lyft. + +That puts the total number of jobless claims since the pandemic struck at about 48 million people. This is a truly staggering number. + +Major companies are firing workers right and left… long-standing businesses – like car-rental company Hertz – are declaring bankruptcy… and we’re living in fear of an invisible enemy that already took more than 100,000 American lives. + +As I’ve written before, taxes are going to rise sharply in the near future. The massive deficits are going to create a long-term drag on economic output. + +Under the best of circumstances, hiring tens of millions of people would be an enormous undertaking. In the current “work from home” environment, this process is even more challenging. + +And yet, if you look at the price action in the equity markets, you’d think we have a booming economy with full growth, a balanced budget, surging optimism, and modest inflation. + +Talk about forward-looking investors! + +But as I explained in a recent issue markets can behave irrationally for a long time… + +## What to Do Now + +I see this as a time to slowly build positions that will make large profits once the markets become more sensible. + +In fact, what we really want to do is unwind our current positions once the markets have turned sharply lower. At that point, there will be an overly pessimistic attitude among traders and investors. + +But it is WAY too early for that. We are still in the exuberant phase. Many traders and speculators are celebrating the end of the lockdowns and looking forward to happy times again. + +In the short term, we need to pay close attention to new statistics coming in. + +This is important now that people are moving about more freely, and in many cases ignoring the constraints of social distancing, mask-wearing, and so on. + +For sure, we will see an uptick in the number of people getting sick. + +Trump already informed us he won’t shut down the economy again, even if we have a second wave. The states and governors may have a very different view about that. Barring extreme steps by the President, states will have the final say. + +Either way, I believe the current optimism is supported by faulty logic and premises. I don’t think it will last. + +So we simply need to be alert to news that can shatter the illusion and bring people back to reality. + +At that point, the next leg of the market’s down move will start, and it will drop with a vengeance. + +Regards, +I (f/37) have no desire to do a lot of the grinding tasks of maintaining a house and life that are required. Over the years I've tried various scenarios. Hiring a cleaning service, sending laundry out, having someone come in to help with shopping and meal prep. Open mail. But it's always piece meal and it follows none of the normal rules I apply in business. + +When I choose a team member in business I pick self starters. Positive people who I feel like can make decisions on my behalf. People who I feel are here for the long haul. + +In my house it's like a string of people who are here as a stepping stone or temporarily. I have to micro manage . And I just dont want to. What I need is a household manager or a personal assistant where this is their profession. They're not waiting for the next thing. + + It truly does require a wide variety of skills and everything I've tried thus far has not been cohesive.How does everyone handle this? Has anyone had any great success with a service? Or if you found one person how did you find them? I'm interested in hearing about scenarios where someone has been with you for 5 plus years or long term. + I thought I would share my **stock-picking process**. + +1. I start primarily with the Dividend Champions list +2. I use a program called FastGraphs to get: + 1. The Credit Rating (S&P) of each stock + 2. The Est. ROR (Capital plus Dividend), Factsets + 3. The forecast accuracy by the analysts +3. I give the Credit Rating (e.g BBB) a numeric value based on bankruptcy probability +4. I multiple the Credit Rating x the Forecast Acc. x the Est ROR +5. To get a weighted score to sort on + +I use the resulting list and product to pick my next buy + +[My spreadsheet](https://preview.redd.it/viyixw5jrlh81.png?width=1680&format=png&auto=webp&s=3362da830b5f49bf26d64d1a387ff9bfa54fbc1a) +Here's the deleted tweet where he's supporting the coin. + +[Gunna's Tweet.](https://preview.redd.it/w7el1hargff81.jpg?width=1283&format=pjpg&auto=webp&s=e5ec1a86f4cea052f178f54d12773f9b9938e1ed) + +After shilling this shitcoin he tweeted again with "I wunna C Everybody Win" which is kinda ironic since the project was a complete rug pull. + + +**Link to his tweet:** https://twitter.com/1GunnaGunna/status/1488224927572320258?s=20&t=\_tpnNtUcQQLfzVKK22DhAg + + +Chart of PushingP: + + +[PushingP](https://preview.redd.it/5fjlww39hff81.jpg?width=1283&format=pjpg&auto=webp&s=25425702f00f23337160a4ce98f9df0dac9c83b9) + +He deleted the tweet after this drop, it's sad that how big celebrities' can just run away after scamming their own fanbase. He didn't even stand up to his words for 1 day. + + +Please stay away from these celebrities when it comes to taking financial advices. Kim, Floyd, SouljaBoy and Gunna none of them are your friends they are here just to make a bag by scamming their fanbase. + + +All credit goes to [**zachxbt.eth**](https://twitter.com/zachxbt) +Great paper just released by Ben Felix at PWL. + +DCA vs Lump Sum : + +[https://www.pwlcapital.com/wp-content/uploads/2020/06/Dollar-Cost-Averaging-vs-Lump-Sum-Investing.pdf](https://www.pwlcapital.com/wp-content/uploads/2020/06/Dollar-Cost-Averaging-vs-Lump-Sum-Investing.pdf) +I was listening to a podcast today that said once people cross the $5M mark things tend to shift. + +How has your mindset changed (if at all) as you've gone up in NW? Was there a certain number of millions that precipitated this shift? +In the interest of encouraging more donations to great causes, I started a Hall of Fame post for the redditors who donate to any reputable charity as a result of seeing this post or others on fatFIRE. If you'd like to be included, please verify your donation by sending your proof to the mods*. + +#Total verified fatFIRE donations so far: $72,001 +Donor | Donation | Recipient +---|---|---- +fire_burner_acct | $22,222 | GiveDirectly +ambidextrous_mind | $17,278 | $5k to World Food Programme, $5k to Save the Children Federation, $7,278 to Doctors Without Borders USA +spool_em_up | $6,000 | Save the Manatees +FatFIRE_FA | $5,500 | GiveDirectly +rezifon | $5,000 | GiveDirectly +scrapman7 | $5,000 | Greater Cleveland Food Bank +IAmABlubFish | $2,500 | Greater Cleveland Food Bank +techflow4 | $2,500 | Greater Cleveland Food Bank +DesignatedVictim | $2,500 | Greater Cleveland Food Bank +-Hawaiian-Punch- | $1,500 | $800 to St. Mary's Food Bank, $700 to Second Harvest Food Bank +throwaway373706 | $1,001 | Covenant House Toronto +Flowercatz | $1,000 | Local Food Bank + +*Fine print: Submitting proof of donation to the mods does not guarantee that you will be listed here. The mods of this sub are not affiliated with any of the charities listed to the best of our knowledge. Being listed here as an individual or charity does not count as an endorsement by the mods. There are no special perks for being on this list. Anything listed here may be removed at anytime for any reason by the discretion of the mods. +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) +Originally I was going to buy a studio home for $165k which I think was a lot but that’s all that was cheapest in my home town in QLD. + +Then a two bedroom brick home became available which is $80k. I’ve been inside it and I’m in love! However it needs a paint job on the exterior and interior, and the bathroom works but is a real eyesore. I also need new windows installed. There are Pharo ants as well, a lot of them. Other than that the house is fine. + +Note: there is a serious housing crisis in my hometown. + +Is the $80k house worth buying? I could have it paid off in 6 years. I’m 24(F) with no children, no pets. Im working as a cleaner in Queensland Heath and I think I get paid quite well for someone without a degree at $1800 per fortnight. + +I am doing my diploma if I.T so I can get into Uni online so in three years I will be making a helluva lot more money then. + +What do you think? Is it a good buy? +Had a discussion with my IFA in a review re: Vanguard U.K. Government Bond Index Fund. His advice? Drop it. Why? Interest rates are heading 1-way. And that's upwards from an historical 'anomaly' of low interest rates. Long-duration bonds/gilts tend to get hit hard in this environment. + +To date - I'm down \~ 13% on my bond holdings with Vanguard U.K. Government Bond Index Fund GBP Acc - this is my 2nd largest drag in my portfolio (Emerging Markets being #1). + +My take - which I hope to seek alternative views on from this wonderful collective 'hive' mind. Why not pound-cost average into the fund? The fund surely will start to 'normalise' by purchasing new longer-term UK gilts with higher yields? My investment horizon is 10+ years and I like bonds as a diversifier (not everyone does...). + +I'm trying to interrupt my internal biases to hold - so please do provide alternative views here. Thanks! +Sell high, buy back lower. + +There’s way too many questions about assignment and exercising options, and as someone who has been successfully selling premium for years, this is not where you should be focusing your attention. Especially if you are new. +I believe that a huge part of value investing is looking into the future at what will be popular and growing into the next 10 or even 20 years. + +20 years ago, nobody would have believed that Blockbuster would not be around in 10 years. + +What companies or business models are popular today that you believe will be non existent or greatly diminished in the next 10 - 20 years? + +Personally, I think that Netflix's business model is not sustainable and that the streaming services of today will be vastly different in 10 years time. +I got 12k to spare is that enough to start a dividend portfolio also would like to mention that I will add $100-200 every week to cost average any position. +How much money did y’all have before you started this? +Yesterday I got some questions about Private Banking and I wanted to provide more information, as it seems there are some real misconceptions. Along your fatFIRE path, you will probably ask if private banking is right for you. Here I will outline the benefits and why they don't apply to most people, even most people with 10MM+ in assets. + +First, I want to separate private banking from "private client" services which are basically "premium economy" bank accounts and are targeted at mass affluent folks between 250k-1MM in assets. Frankly, the benefits of these are near useless as you can get them at Ally/Schwab: free checks, atm reimbursement, "better" rates which are still worse than Ally. I see no reason to use these services. People are suckered into them by perceived exclusivity and wanting to feel better than others, as if they are "premium." Don't fall for it. + +Private banking starts at a minimum 1MM but is more likely to be 5-10MM minimums. There is some fuzziness on this for young people with high earnings potential, the descendants of clients, and those who work at firms with special relationships to the bank (like me). Banks make a lot of money off of these accounts and you are likely to receive below market returns due to fees (typically 1% of AUM). As a result, the only reason to use these services is because you need loans that require a special relationship with a bank. + +Here are a few examples: +-You want loans for rental property. The bank will offer below market rates and will typically approve the loan within 1 business day. +-Complicated commercial loan structures that are unusual or require special consideration +-Loans against illiquid assets, such as art, family business stock, stock in a pre-IPO startup. + +These are things a small bank or credit union probably wouldn't do. Another advantage is that they will administer trusts for you and are probably less likely to steal everything than an independent trustee. Some people like the JP Morgan special credit card, the exclusivity of it and the cool perks on it, but to be honest this is a really dumb reason to pay a 1% AUM fee. Lastly, you get access to private equity and REIT investments you wouldn't have otherwise. I don't believe these are particularly useful either. + +The negatives: +-AUM fees +-Fund options may not be as good as vanguard/fidelity etc +-Sleazy bankers. + +The last is the worst. Wells Fargo (of course!) recently were found to be steering their private banking clients money to proprietary, high-fee funds that had below market performance. When I shopped around for a private bank, I told them I wouldn't be investing in any proprietary funds and got shoved out the door at several places. + +I no longer use a private bank as I had no need of these loans anymore. It should be clear these services are not useful to most people, you're just getting bilked for fees. I hope you have found this guide useful and it has helped your FIRE be fatter. + +TLDR: The point of private banking is having a close relationship with a bank. If you aren't going to use that relationship, don't pay for it. +Riding the bus at 5am to a new job (fingers crossed it is better than the one I left) and riding it home right now feeling... Utterly exhausted. + +My wife is a great mom and takes excellent care of our daughter but since she had to stop working I have really struggled to make ends meet... I feel like I owe everyone money and as soon as I scrape together a few hundred toward a cheap car, something else pops up. I guess I should focus more on the fact that I could pay for THOSE things... But I can't shake the feeling that I'm only treading water and not really making much tangible progress. + +Thank you for letting me vent... I love this community and I know there are people in worse situations but I'm trying not to show my wife how scared I am so I needed to tell someone. + +Have a blessed week everyone + + + +EDIT: so ummm.... Yeah... I uh... I am in awe of you people... The support and love that I have felt over the past 12 hours is simply unbelievable! Random strangers lifting up other struggling people is why I follow this community and why I posted here in the first place. However, I cannot describe how much being on the receiving end of this much love has meant to me. + +So much great advice! So much unconditional love! We have a few websites now for my wife to seriously consider for some work and she seemed optimistic when looking at the list. + +I promise that, even if I didn't respond to every comment... I have read EVERY word that you have written... At least a few times. + +Thank you all so much! + Just updating you on the progress of **Xcellence**. They've been holding amazingly and their marketing push is going to start very soon! It's not even 24 hours old and they're getting use-case ideas such as Yield Farms for holders and many such options. Coinhunt, CMC and CG has been applied. This is going to blow! + +A new project that was previously known as Project: X before launch (now Xcellence) was finally launched on the 16th of May at 10:00 PM GMT. Join the telegram group chat to keep yourself updated for announcements and for more information. You can also check the website. + +This Token was made because there are infinite meme/shit coins and 90% of them are scam nowadays. The coin will have its own farms. They will burn 50% of Tokens in the beginning and 5% will be held by the Developer. + +Total supply - 2,000,000 + +Tokenomics: On every transaction, 2% of every transaction will go to all the previous holders, and 2% will be added back to the liquidity. + +Market Cap is currently at 7k meaning easy 100-1000x + +Contract: 0x32B9e82573129fb9b2ff5A680979711A0ac103A7 + +Telegram: **projectxealpha** 📷 Website: xcellence.finance + +BSCscan: [https://bscscan.com/token/0x32B9e82573129fb9b2ff5A680979711A0ac103A7](https://bscscan.com/token/0x32B9e82573129fb9b2ff5A680979711A0ac103A7) + +Main Features: + +\* Automatic LP + +\* Upcoming Farms which will help you with the passive income. + +\* Anti Bot Fair Launch + +\* Anti Whale and Bots READ THIS CAREFULLY: As reward for the holders there will be harsh taxes imposed on early sell orders or transfers. The taxes decrease over time. If you want to know more about the taxes, visit the website. + +Join the Xcellence and HODL with us, sky's the limit! +Please keep all GME discussion here. + +These threads exist to concentrate the discussion in one place, so GME related threads will be removed unless they contain *new* information. +First time post, really excited to get started in real estate. I’ve been absorbing as much information as possible, driving neighborhoods, and getting a general feel for the market in my city. + +My question is, do any of you find success investing in the nicest neighborhoods of the city? While driving these neighborhoods I think about how nice the property looks and how desirable it would be, but I also then think that anyone who is truly serious about moving into this kind of neighborhood surely has the capital to do so on their own and forego paying rent. Basically, does buy and hold tend to work out in these neighborhoods, or are you looking for an opportunity to add value and flip? +Hi, I moved to Hawaii for a job. Rent is $2600 a month for a tiny old unit in a roach infested building, I take home about $4400 split across 2 paychecks a month. Parking, gas, insurance, food, etc leaves me with very little each month. It also doesn't help that my mom died, and I had to pay her mortgage to keep her house in the estate. + +I really don't think I can afford to live here as a single person. I also don't want to leave, but I feel this is a place retire once you have struck it big and the costs are nothing to you. + +Just wanted some input from someone outside of this situation. +Long time lurker here. A few months back there was a post about "luxury" hobbies. The top comment was about horses and the money pit that ensues. Welp, I'm here to admit that I'm a horse girl. That being said - I'm looking for some direction & advice on how to move forward towards eventually firing and pursuing a passion project (maybe starting a therapeutic riding camp or running for public office). Like many on this sub, I don't think I'll ever stop working. I like being productive and I want to pay it forward. That being said, I'm miserable at my current, high-intensity job. + +For those who are on a fatFIRE journey and have found work that is actually fulfilling & still make bank: Tell me your secrets. What books should I read? + +For those who have FIRE'd and have a horse/boat/money pit: Is it possible to have such an expensive hobby and still FIRE? How did you set & reach those financial milestones? + +- Background: I'm 27, my entire family has passed on & I'm an only child; no debt/no kids. No plans on kids or family yet. Current gig as a lobbyist $105k income (after tax). + +- Assets: $1.2M in my brokerage + $50K in 401k + a few hundred acres in farm country which was recently appraised at $1.5M (it is not a horse farm - it has no free standing buildings and is leased out to a farmer who grows soy) + +- Expenses: All my living expenses (rent in DC ~$1,900/mo) and horse expenses are covered by current my salary. The horse costs me around $20k a year - including competing, board, & training. I should mention that I work off a lot of my showing expenses. I don't know that I'll continue to show at this level for years to come so I don't expect those costs to rise. I have no other expenses because, as many of you noted in that previous post: Horses are a lifestyle. I spend all my time outside of work with them. +If / when you are unable to make your mortgage payments due to your personal or even your tennants loss of income, you can apply for up to 12 months forebearance. It will not affect your credit score. However, if you are looking to buy more property in the future, you should know that the lenders will want to get a verification of 12 months payment history. + + +https://www.yahoo.com/money/coronavirus-homeowners-delay-mortgage-payments-202251121.html +Yesterday: "Millennials ruining the economy, worst group of people ever." Today: "Millennials are keeping the US out of recession". I hate the news. + + [https://www.cnbc.com/2019/10/22/millennials-are-keeping-the-us-out-of-recession-tony-dwyer.html](https://www.cnbc.com/2019/10/22/millennials-are-keeping-the-us-out-of-recession-tony-dwyer.html) +I am 48 and have about 2 million in traditional IRA. I’m worried that this may be too much as when I go to withdraw at retirement I will be taxed on it and at the time it will be harder to get that money out without bringing me into high tax bracket. Does this make sense ? Or is it better just to keep putting the money in there ? I have about 2 million in assets outside IRA ( in brokerage ) +&#x200B; + +[Banner submission by u\/Doom\_Douche](https://preview.redd.it/9fmehxx6isy61.png?width=3840&format=png&auto=webp&s=b397a5007b8827f5c7c7b48c5fb7cf0633f66896) + +# Good Morning Superstonk!!! + +&#x200B; + +# [Did you watch the Carl Hagberg AMA?!](https://youtu.be/KHnpPfWdf78) + +# [Link to our next AMA guest Lucy Komisar question thread!!](https://www.reddit.com/r/Superstonk/comments/nb0fuy/official_ama_lucy_komisar_awardwinning/?utm_source=share&utm_medium=web2x&context=3) + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +&#x200B; + +[Tweeted from an iPhone, huh? RC tweets from an iPhone...](https://preview.redd.it/vj0a1rlcisy61.png?width=582&format=png&auto=webp&s=bf9408de710849926ae2ccf96cd127e2fee9a4e6) + +[In Arlington, VA, right next door to....](https://preview.redd.it/ohwwyvuzisy61.png?width=739&format=png&auto=webp&s=5ba2cb9dc35b1888034bae5a2a0bfe8f9b9159af) + +&#x200B; + +[That's the SEC, so brilliantly noted in red crayon](https://preview.redd.it/49hnuiy87ty61.png?width=640&format=png&auto=webp&s=fe326e99d9c0bf13fef044ac966f3984221312e8) + +# 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# SUPERSTONK IS ON FIRE!! 🔥 Another 2 AMA announcements!! CAN'T STOP WON'T STOP! + +# [Award winning investigative journalist, Lucy Komisar is our guest tomorrow at 4:30 pm Eastern!](https://www.reddit.com/r/Superstonk/comments/nb0fuy/official_ama_lucy_komisar_awardwinning/?utm_source=share&utm_medium=web2x&context=3) + +Lucy has been covering financial and corporate corruption for decades, mainly through her online paper, [The Komisar Scoop.](https://www.thekomisarscoop.com/) And the first time I spoke to Dr. T, and I told her how much I respected her not only as an OG ape, but as a **badass** feminist icon... (lowkey, I hate to even bring up gender here but it can't be dismissed...) she chuckled her warm chuckle and told me who she looks up to, and said "Pink, if you want a *real* icon... you all should talk to Lucy Komisar." That made me feel like I had been blessed by the lips of God... an icon that *my* icon looks up to? Let's get her stat!!! So in the whirlwind of AMAs that our mod team has managed to schedule and put together, (BIG thank you goes to u/StonkU2 for coordinating these connections!! 🙏🙏) we have managed to not only bring you the magnificent Lucy Komisar.... + +*Lucy will be here tomorrow at 4:30 pm Eastern, hosted by* u/luridess***.*** + +# [....But also next Tuesday we have Attorney Wes Christian](http://www.csj-law.com/attorneys/jchristian.html)!! (yes that's the one Carl slipped during the AMA!) + +Wes Christian is a Texas attorney with an accent as big as his list of accomplishments! Once again I'm going to [shamelessly plug the old documentary Wall Street Conspiracy](https://youtu.be/Kpyhnmd-ZbU), where I first learned of Wes Christian along with all of the other OGs we've been talking to. And a fun fact... our former AMA guest and very favorite resident wrinkly brain, u/dlauer has served as an expert witness for Wes multiple times in the fight against naked short selling. They go way back... + +# Which is why we're having Dlauer cohost this AMA with his old pal Wes!! We are literally assembling the dream team here!! 🚀🚀🚀🚀🚀🚀 + +[^(did I mention Dave Lauer is one of us)](https://www.reddit.com/r/Superstonk/comments/naoqr9/bought_some_gme_yesterday/?utm_source=share&utm_medium=web2x&context=3)^(?) + +**The Wes Christian/Dlauer mashup AMA is next Tuesday, May 18 at 4:30 pm Eastern!!** + +&#x200B; + +[Grandpa Kong, Carl Hagberg](https://preview.redd.it/gmc8hu3vbty61.png?width=226&format=png&auto=webp&s=61b3b3497e664ad51135dffaf86153bae2351c14) + +A note about yesterday's AMA with Carl Hagberg. I want to share this quote with you that had your mods nearly weeping with pride: + + **"*****I've been writing these letters & they're all posted on the SEC website & nobody's ever reading them & no one's ever responding to them, but social media doesn't doesn't go away, it can only grow. And I think if I was going to be optimistic, That would be the source of my optimism*****.**" Carl Hagberg, talking about social media/Superstonk 💖💖💖 + +&#x200B; + +He also said he definitely believes based on the evidence that Gamestop will overvote (i.e. is over 100% shorted) and all we need to do to prove that is **VOTE!!** + +&#x200B; + +**Read** u/atobitt**'s** [**notes from after the AMA!**](https://www.reddit.com/r/Superstonk/comments/nazyz3/shorts_must_cover/?utm_source=share&utm_medium=web2x&context=3) **ALL GME SHORTS MUST COVER!!** + +&#x200B; + +Also, Euroapes!! Carl says it is totally within your rights to vote!! You know what you should do? BOTHER THE FUCK OUT OF YOUR BROKER!! + +Seriously. Write emails. Send chat messages. Call. Tweet. Take Surveys. Do what you have to do to expose EToro, T212, and more. **THEY'RE YOUR SHARES AND YOU HAVE THE RIGHT TO VOTE!!!** + +[Amazing artwork by u\/Bye\_Triangle](https://preview.redd.it/s071nvx4dty61.png?width=1000&format=png&auto=webp&s=e876ee7e63ea740ac69c1c2af7feb6827c992181) + +# ✅VOTE YOUR SHARES AND GET YOUR FLAIRS!✅ + +# Drop a comment below with !apevote! to get your special vote flair + +# EUROAPES GOT A FLAIR!! YOU TRIED!! TYPE !novote! TO GET YOUR SPECIAL FLAIR!! + +*FYI this works on any post in this sub, not just this one!* + +[**This Rock the Vote post will tell you all you need to know to exercise your right to vote!**](https://www.reddit.com/r/Superstonk/comments/n6isp6/rock_the_vote_proxy_voting_101_the_most_important/?utm_source=share&utm_medium=web2x&context=3) **💪** + +*Guyz halp my tits have been jacked for longer than 4 hours now.....🚀🚀🚀🚀🚀🚀* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# SEC Sunshine Act Meeting Scheduled for Today (if the don't reschedule for the 5th time) + +[Seriously this is like the 5th attempt at having this meeting](https://preview.redd.it/rcxewxh2lty61.png?width=982&format=png&auto=webp&s=312d1e8c10764ca760f0ca682f9c2225039a26f8) + +MATTERS TO BE CONSIDERED: >!NONE OF YOUR FUCKING BUSINESS YOU NOSEY GODDAMN REDDIT PEASANT STOP DOING THIS PLEASE DEAR GOD!< + +# This meeting is scheduled to be rescheduled at 1:59. 😉 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Let's talk about VIX baby + +The last time the VIX (Volatility Index) got above 30 was every time GME had a run up. + +[Go ahead, see for yourself.](https://finance.yahoo.com/chart/%5EVIX/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAMic1Dl6rl8EJhSz5994KTMFkWdBFFko5WRVcIxZZoi5QmtpAiJvvnWyVvYxB5HS5idctogoiJd-DdAJ4ketFT1yDC8eL9hvQwVSQBOS6Anhpax3jou-fQ0qkTlUCt2l9dg2X9AYqcN6jErUzWySbEInAISM9kOAdFpwXGcXRKyb#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-) + +You know what it closed at yesterday? 27.59 + +[When in doubt, zoom out](https://preview.redd.it/4aal83ntcty61.png?width=1887&format=png&auto=webp&s=c9beaa87af6c2d15f3ec6c9e75720ccb226c4f40) + +# It closed at 28.38 in AH 🚀🚀🚀🚀🚀🚀 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# US consumer prices at highest level since 2008 and core inflation at highest level since 1995 + +[Credit OP u\/d14m0ndh4nd5 ](https://preview.redd.it/83uxs3rkjty61.png?width=936&format=png&auto=webp&s=01a1e7db9905b425760e28621eb39088faff9579) + +I better go call my mom........... + +# __________________________________________________________ + +# NSCC-006 + +There's been a lot of posts floating around this weekend pertaining to the new [NSCC-006 filing](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-006.pdf). Lots of hype, lots of mis-info, and we need to set the record straight first and foremost. + +**What does 006 do?:** + +**IT DOES** eliminate the 10 day waiting period before implementation after the DTCC and SEC approval process. + +**What 006 DOESN'T do:** + +**IT DOES NOT** implement any rules immediately. Including 002 or any others. + +**IT DOES NOT** eliminate the need for the approval process on any rules including 002. + +**IT DOES NOT** eliminate the extension already implemented on 002 or any others. + +[not it ](https://preview.redd.it/3ubwvb50ety61.png?width=1100&format=png&auto=webp&s=b74ba5c092e479e38c586c42c4a13440a1ba6557) + +# THIS RULING DOES NOTHING FOR MOASS AS A STANDALONE RULE + +*002 is still put off until June 21. It could be implemented well before then, we don't know. This is just the extended deadline. You can't deny that they are putting a LOT of rules in place that seem directly tied to GME and the exposure of naked short selling.* + +[**Here's a post that talks about it more in detail.**](https://www.reddit.com/r/Superstonk/comments/n7jphk/nscc006_doesnt_change_much_but_looking_forward_to/?utm_source=share&utm_medium=web2x&context=3) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Another Whistleblower awarded this week by the SEC for info that led to a NEW INVESTIGATION 👀👀👀👀 + +[3.6 Milli](https://preview.redd.it/zhih9z1kzsy61.png?width=599&format=png&auto=webp&s=f525059419c0d6cb7f4fefd310d4486053a1d787) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# DTCC Liquidity Test (yes, again) + +# [So the DTCC is having a liquidity test today](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-002.pdf) + +[What the hell is a liquidity test anyway?](https://www.dtcc.com/~/media/Files/Downloads/Clearing-Services/FICC/CCLF-Annual-Test-Reference-Doc.pdf) + +Well... This doesn't effect anything in the market in real time, it is merely a computer simulation test meant to test the liquidity of the market when the new rules get implemented (think 002). It's odd that they would do a test that they *just* did in April, and they usually do **ANNUALLY,** to be doing it *again* just a **MONTH LATER**. And liquidity tests do require... liquidity... in order to pass them. So you *miiiiiight* need to sell a few things to rack up those liquid assets..... + +[I can haz liquid?](https://preview.redd.it/y7gndndgkty61.png?width=726&format=png&auto=webp&s=7982132a86cb5faaf95b93ec2ff10dee185f4c41) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚨Live Recording🚨 + +**So yesterday the recording for the Audio Book,** [**Naked Short and Greedy by Dr. Susanne Trimbath**](https://spiramus.com/naked-short-and-greedy)**, officially began!! 🥳✨🎉🎊** + +https://preview.redd.it/pyhdfp9lfty61.jpg?width=3024&format=pjpg&auto=webp&s=748708190a0802fbde5b90a8c865a9efca0e1f62 + +After getting my equipment acquired and set up ( not recording in the surroundings you see pictured!) I began recording the audio book version of the book that Dr. T so lovingly wrote to help people understand. I realize this is a business and finance title, but I think you'll be surprised at the storytelling in this incredible piece of DD. ;) + +&#x200B; + +I would like to reiterate a point here before the FUD gets away from me. **THIS PROJECT IS A DONATION OF OUR (u/redchessqueen99) TIME AND TALENT. WE ARE ONLY EVER GOING TO MAKE.... EXACTLY $0.** I am not even giving my identity for this project. I will be using the audio pseudonym Pink Cat. 🐈 We have no rights to any of this, forever. + +&#x200B; + +**And everything is done in the name of this sub, Superstonk. And by everything I mean...** + +# 20% of all Audible proceeds will go to the Dian Fossey Gorilla Fund, in the name of Superstonk, in perpetuity, FOREVER!!! + +*Please note the charity was chosen by publisher and author, upon our suggestion of an ape charity 🦧💖* + +&#x200B; + +[The totally professional and legally binding contract](https://preview.redd.it/i276ywi4fty61.png?width=960&format=png&auto=webp&s=6354b3d67d4ff034dd5696d9e97de90593a7a14b) + +# [Here's StonkU2's OP](https://www.reddit.com/r/Superstonk/comments/n71vy9/apes_change_the_world_superstonk_is_donating_time/) about the deal. + +I just wanted to share the excitement of the first day of recording this audiobook because this entire team is super stonked to do this in the name of this beautiful community that we've built!! + +Plus this story needs to be heard!! 📢📢 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Meet Finley and Quinn Mulligan- The brothers behind the Apes Together Strong Documentary + +*The one told by apes, for apes.* + +[This is pasted from the OP by](https://www.reddit.com/r/Superstonk/comments/n9x3qw/documentary_update_its_all_about_the_apes/?utm_source=share&utm_medium=web2x&context=3) [u/albanak](https://www.reddit.com/u/albanak/) + +🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍-- **INTRO** \-- 🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧 + +My name is Finley Mulligan ([u/albanak](https://www.reddit.com/u/albanak/)), my brother is Quinn Mulligan ([u/cyclopsQHM](https://www.reddit.com/u/cyclopsQHM/)). We are apes. + +We've been hodling since early Jan, joined the exodus to [r/GME](https://www.reddit.com/r/GME/) and eventually migrated with the first wave of settlers at [r/superstonk](https://www.reddit.com/r/superstonk/) — we are not outsiders, we want to make sure this story is told right and from within. + +🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍-- **BACKGROUND** \-- 🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍 + +We got sick of seeing "retail" investors being portrayed like shit by the mainstream media. + +We couldn't stand seeing the narrative build that the current untenable state of our markets is somehow *our fault* — meanwhile, everyone turns a blind eye to the corruption, illegal practices, and blatant manipulation being practiced by the "institutions" lining the pockets of the asshats condemning us. + +Then the hulu doc came out and we kind of hit a limit. SO. I posted a simple question — "**Who wants a REAL documentary about what's happening with the squeeze**?" and the response was overwhelmingly positive — you had some key points of guidance: + +* The story isn't done 'til the squeeze has squozen +* Ask the questions no one's asking (naked short selling, FTDs, etc) +* Make sure to features the community as much as possible +* Tell the truth even if the truth hurts +* Fuck off, we just like the stock (fair enough) + +[**We took those tenets to heart and posted THIS**](https://www.reddit.com/r/GME/comments/mgoo4a/update_question_who_wants_a_real_documentary/)**.** + +This story isn't finished. + +It feels like a war of attrition at times but with new rules, SEC head, and the simple fact that time is on our side we believe that we will soon see an end to this saga. + +This last act is still unfolding and we won’t be telling an unfinished story — apes are very clear that this film shouldn’t finish until the squeeze has squozen and we want to respect that. + +We’ll be including the community throughout the creation of the film. Offering to show rough cuts, consulting when we’re stuck or need fresh eyes. We believe very much that community engagement is vital to being able to call this a film for apes by apes. + +If you'd like to follow along you can join our mailing list at [apestogetherstrongdoc.com](https://apestogetherstrongdoc.com/) + +or our twitter @ apestogetherdoc + +Please hit us up at [info@apestogetherstrongdoc.com](mailto:info@apestogetherstrongdoc.com) or tag [u/albanak](https://www.reddit.com/u/albanak/) in any post you think is worth calling attention to! Special thanks to [u/not\_ya-wify](https://www.reddit.com/u/not_ya-wify/) who's been super awesome doing this. + +This film is for you all, we'll answer any questions you have. + +**APES. TOGETHER. STRONG.** + +🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍 + +[Read the full story about the Mulligan brothers and their awesome documentary here](https://www.reddit.com/r/Superstonk/comments/n9x3qw/documentary_update_its_all_about_the_apes/?utm_source=share&utm_medium=web2x&context=3). Please note that neither Superstonk, nor Superstonk Live YouTube are affiliated with the production (or any resulting profit) of this film. We just think it's cool as shit that they're telling the story from apes' perspective and wanted to share with you guys :) + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 📢📦Don't Forget about the International Giveaway Contest!!!📢📦 + +https://preview.redd.it/0m44ziwaety61.png?width=1300&format=png&auto=webp&s=e8024c48b07c8daaeecdc1f7d1c5c12534594dde + +3 lucky apes outside the USA will receive a Gamestop Limited Edition Bananya Cat, complete with red headband! + +# TOMORROW IS THE FINAL DAY!!!💎🙌🚀SHOW ME THE MEMES!! 👀 AND VOTE FOR YOUR FAVORITES!! + +**I want you to show me your best GME meme**!!! The 3 most upvoted memes from international apes will be declared GOAT and will finally be able to fill the little spoon void that your spouse left when they found out about your GME yolo. **I will ship it to ANYWHERE THE USPS SHIPS TO OUTSIDE THE USA!!** Free of cost, no rules to enter, just show me your best, funniest, most classic memes about the GME saga!! + +I don't care if they're video or image, just as long as they are OC and they don't break any sub rules. + +**This contest will run through Friday, May 14th at 3pm Eastern, at which time comments will be locked! Upvoting will continue through the weekend. Winners will be announced in the Superstonk Daily on Monday, May 17, 2021 and winners will be contacted via personal message for shipping information.** + +Again, there is no shipping cost or anything to the winners! And tbh, if I end up being able to order more that the 3 plushies, I will give more away to top winners, so stay tuned!! + +**I love this community of apes!! Y'all are like family and you all deserve a hug from a cute lil cat 😻🐈💖💖💖** + +*Plushies will not be shipped anywhere in the USA! The plushy is available online at* [*Gamestop.com*](https://gamestop.com/) + +*to USApes.* + +[LINK TO THE MEME CONTEST IS LIVE NOW!!!!! LET THE MEMES BEGIN!!!! 🚀🚀🚀🚀🚀🚀🚀🚀🚀](https://www.reddit.com/r/Superstonk/comments/n919hi/superstonk_daily_giveaway_meme_contest_limited/?utm_source=share&utm_medium=web2x&context=3)Memes are not considered to be entered into the competition until they are posted in the giveaway thread (regardless of being posted on the main page.) + +*Addressing some FUD I've seen: Obviously by participating in this contest, you are willing to give an address for the prize to be shipped. There are many ways to safely get a package without giving your address. But I can't even afford to go visit my family out of state, I promise I won't show up in Germany or some shit unless it's post MOASS and I'm tryna buy a castle. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +https://preview.redd.it/37gpz0rthty61.png?width=554&format=png&auto=webp&s=f153900f2c9b108820011666f6dbeae607628b62 + + + +**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. + +[Iz for us???](https://preview.redd.it/f5thnbpymty61.jpg?width=710&format=pjpg&auto=webp&s=a92039bb3e233245ae92a815a6e1d43a7cb856eb) + +**Reddit down, wot do?** + +Mods have carefully considered what to do during a reddit blackout and advise the following - IF REDDIT GOES DOWN AT A PIVOTAL MOMENT go to [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/) 's Twitter or [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) 's Twitter (below) to look for additional instructions on where to muster (these are the most active twitter accounts on the mod team at this time!). And check in on SuperStonk's YouTube Channel for an Emergency Broadcast, if necessary. + +[https://mobile.twitter.com/redchessqueen99](https://mobile.twitter.com/redchessqueen99) + +[https://mobile.twitter.com/pinkcatsonacid](https://mobile.twitter.com/pinkcatsonacid) + +[SuperStonk. YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +# 🚨 ... AND VOTE!!! 🚨 +Our beloved $HOGE token has caught on. Etherscan shows [32,500+ holders outside of exchanges are hogling.](https://etherscan.io/token/0xfad45e47083e4607302aa43c65fb3106f1cd7607#balances) $HOGE is now around 6 weeks old, having debuted in early February. + +In just the last few days; + +[TikTok influencers with 3 million followers started hogling](https://www.tiktok.com/@rxcan/video/6941475555871165702?lang=en&is_copy_url=1&is_from_webapp=v3). + +[YouTube stars with millions of followers started hogling.](https://www.youtube.com/watch?v=g9Hn5iyw12s) + +[Forbes Financial Council members with hundreds of thousands of followers started hogling.](https://twitter.com/davidgokhshtein/status/1372740024832233474) + +International Financial law and crypto expert [Dr. Olivier Hance, Ph.D., MBA, TEP, Esq. has been added to the $HOGE team.](https://www.reddit.com/r/hoge/comments/m9b1op/update_to_hoge_team_straight_from_headquarters/) + +3 companies now accept $HOGE as payment. [CloudVisual](https://cloudvisual.co.uk/)\+ [GROWMAX](https://www.growmax.ca/) \+ [Daisy Dukes Mandeville Louisianna Bloody Mary Bar and Restaurant](https://www.daisydukesmandeville.com/) + + +**Tokenomics -** + +Deflationary token. 2% Tax on all buys/sells/trades. 1% burned and 1% distributed to all holders. Original supply total 1,000,000,000,000. [581,939,664,409 have now been burned](https://etherscan.io/token/0xfad45e47083e4607302aa43c65fb3106f1cd7607?a=0x000000000000000000000000000000000000dead) leaving 418,060,335,591 in the supply. + +[The largest wallet holds 1.5% of supply](https://etherscan.io/token/0xfad45e47083e4607302aa43c65fb3106f1cd7607#balances) and the next largest wallet has .5%. The developers of $HOGE renounced their stakes. + +[Whitepaper](https://hoge.finance/documents/hoge_whitepaper_compressed.pdf) + +[Contract](https://etherscan.io/token/0xfad45e47083e4607302aa43c65fb3106f1cd7607) + +Token address - + +* 0xfad45e47083e4607302aa43c65fb3106f1cd7607 + +**Community -** + +Reddit community at [https://www.reddit.com/r/hoge](https://www.reddit.com/r/hoge) |Hoge browser games at [https://hoge.fun/](https://hoge.fun/) |Twitter main handle at [https://twitter.com/HogeFinance](https://twitter.com/HogeFinance) | Website at [https://hoge.finance/](https://hoge.finance/) | Discord at [https://discord.com/invite/xpwC84dA6j](https://discord.com/invite/xpwC84dA6j)| + +**Availability -** + +[Liquidity is locked](https://unicrypt.network/amm/uni/pair/0x7fd1de95fc975fbbd8be260525758549ec477960) and $HOGE is currently available on: + +[Uniswap](https://app.uniswap.org/#/swap?slippage=500&outputCurrency=0xfad45e47083e4607302aa43c65fb3106f1cd7607) : [WhiteBIT](https://whitebit.com/trade/HOGE_USDT) : [Bilaxy](https://bilaxy.com/trade/HOGE_ETH) : [BKEX](https://www.bkex.com/), [1inch](https://1inch.exchange/), with more to come. If purchasing on Uniswap slippage must be set to 4-6%, wallets used are generally; metamask, trustwallet, and coinbase wallet. + +Coinmarketcap at [https://coinmarketcap.com/currencies/hoge-finance/](https://coinmarketcap.com/currencies/hoge-finance/) |Dextools at [https://www.dextools.io/app/uniswap/pair-explorer/0x7fd1de95fc975fbbd8be260525758549ec477960](https://www.dextools.io/app/uniswap/pair-explorer/0x7fd1de95fc975fbbd8be260525758549ec477960) | Coingecko at [https://www.coingecko.com/en/coins/hoge-finance](https://www.coingecko.com/en/coins/hoge-finance) + +$HOGE's price has been resting at a very affordable .00025 for several days despite adding thousands of new holders and the price is at about 30% of the ATH set 6 days ago. Hoge is currently up +12% today, -50% in last seven days, +15,000% in last month, +35,000% this year. +Born from Dianmu, the Chinese goddess of lightning. LightningPup is here to strike back at all naysayers and chew up all the other coins + +⚡️🐶LightningPup is a BSC token that has its ownership renounced and liquidity burnt. No Dev Wallets. No Control Of Contract. No Control of Liquidity. + +What generates interest about LightningPup, is it moves far beyond any traditional cryptocurrency. This token is 100% community driven with no dev or owner wallet. We are a charity token that donates to animal welfare charities. Our Roadmap has big plans for the future, please check it out on our website: +https://www.LightningPup.co + + +Some Info About LightningPup [$LPUP]⚡️🐶 + + +📈Market Cap: $75,000 + + +💾Initial Supply: 1,000,000,000,000,000 + + +All Safety procedures are applied in order to protect investor's funds: + +✅Verified contract. + +🧾Ownership renounced. + +🔥92% burned before launch + +🧾Taxes (Total 10%) + +⚡️4% to Charity & Marketing wallet. + +⚡️ 3% Back into liquidity. + +⚡️ 3% Re-distributed to holders. + + +Website: + +https://www.LightningPup.co + +Telegram: + +https://t.me/LightningPup + +Twitter: + +https://twitter.com/LPUPOfficial + +Reddit: + +https://www.reddit.com/user/LightningPupOfficial + + +Contract: + +0x7a00d94553bf51f955ec804b0de8d242048d666b + +Chart: + +https://charts.bogged.finance/?token=0x7A00d94553bF51f955ec804B0de8d242048D666b + +Pancake: + +https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x7a00d94553bf51f955ec804b0de8d242048d666b + + +LIQ Burnt: + +https://bscscan.com/tx/0x5bc97a37c58ed25f42fcc6c7905a300601f22c5d71969eb577906b58d815c24e + +Ownership Renounced: + +https://bscscan.com/tx/0x8932f8c462cd4dc9b9e3a207dde7a9d52b89fdae3ed9cf2b9269a25e57ae69cb +My [24M] wife [23F] and I are just getting started with our careers, and we almost have all of our debt paid off. Our credit scores are great, and we could live off of my salary alone fine, but she will probably be making more than me starting in two years once she finishes law school and gets a job. We are both pretty risk averse, and I’ve always been leery of the way Americans buy a $400k house for a 30-year mortgage (pronounced “debt”) and then end up paying much more for that house over that time period. + +So, we have been talking about staying in our apartment for a couple years longer than originally planned and trying to buy a house... in cash. Even if not the whole thing, maybe putting like 60% down or more, and trying to have it paid off within four or five years. To me, it’s about cash flow and getting things paid off as quickly as possible so that if something were to happen to one of us (disability or illness, lose our job, etc), we wouldn’t be screwed and living in a bigger house than we can afford. I’m big on not having debt - it terrifies me. + +I told my friends about it and they thought it was a very dumb idea. They said I should put 20% down or so - however much is needed to get the lowest interest rates possible - and then invest the rest. They said I would get better returns through investing, and it hedges against the risk of your house burns down or property values plummet. I get that, but a) isn’t that what insurance is for, and b) the beauty of owning a house outright is that if the property values plummet and the economy tanks... we wouldn’t really care because we own that house. To me it still makes sense to try to buy a house in cash even if it isn’t the best “investment” decision. + +Thoughts? +I’m an orthopedic surgeon one year out of training. I’m in a large group on the east coast, and recently I helped them open a new clinic in a new location (which bumped my salary to its current level). I handled hiring, supplies, marketing, etc., and they handled the financing. It’s now a success. After going through that process, I now feel comfortbale opening my own practice. The problem is that due to student loans, wedding (and her student loans), we have a negative net worth and would be taking on additional debt to open a practice. Cash flow the first year would be tight but manageable. Year one would be spent getting cash flow positive while I take 0 salary. Year two I project to profit 1.5. The plan would then be to hire my replacement at close to 1 mil/year (after incentives) and profit 500. There are numerous potential pitfalls to make this work. But right now the toughest thing to overcome is walking away from my current salary. Should I wait until I have the capital? Or since this is something I’ve wanted to do my whole life, should I go for it while the opportunity is there? + +It’s hard working for someone else when I think I could go solo. When I think about hiring someone to do the work for me while I keep a large portion of the profit, I feel bad for that person. And right now I’m voluntarily being that person I pity. +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned. +On November 27th I had jaw surgery. This was something that I needed because I would get headaches and pain in my jaw from my misaligned bite. I saw an orthodontist who recommended me to an oral surgeon who would do my surgery. Long story short, I made a bunch of calls to my insurance (Blue Cross Blue Shield) and they told me it would be covered, my surgeon told me it would be covered, and the billing department called me a week before my surgery and told me the surgery would be covered BUT I would hit my out of pocket maximum of around $5,000. This is my first time as an "adult" handling my own medical treatment so in my head all was clear. + +I went to my mothers house the morning of the 26th and prepared for my surgery the next day. Everything went smoothe and I spent about a week and a half at my mothers home recovering. When I went back to my apartment, I had a envelope from Blue Cross Blue Shield. It turns out THE DAY before my surgery was scheduled they sent me a letter saying that they would not cover the surgery (I didn't receive this letter until about December 10th). If I am responsible for paying for this surgery I will owe $90,000 and with the money I make this will be almost impossible for me. + +&#x200B; + +I truly and honestly did everything and more to ensure that my insurance would pay for the surgery. I fully plan on calling my doctor/ my insurance tomorrow but I just wanted to post here to get some advice. Have you ever seen anything like this? Am I screwed? + +UPDATE: I appreciate all the responses! I have called my hospital and they told me they resubmitted the claim and to wait a few days and give a call back. I also got the $5,000 estimate in writing so I feel much better. I will do another update in a few days when this is all hopefully resolved! +Just like the title says: Why would one not start building a portfolio for growth and then when income from dividend stocks is needed switch the portfolio from growth to dividend stocks and live off the dividends? +\*\*PRESALE COMPLETED AND LIVE ON PANCAKESWAP!\*\* + +Telegram: [https://t.me/apetokenofficial](https://t.me/apetokenofficial](https://t.me/apetokenofficial)) + +ApeToken: Ape Token is a friction-less, yield-generating contract which is designed to be used for staking and betting in eSports via our home brew app currently in development. + +You will be able to use our coin to bet on any competitive eSport. + +A community driven coin with Static Rewards for holders. + +Tokenomics: 10% Tax: 5% burnt, 4% distributed to holders, 1% marketing wallet. + +Created by ApeStudios.net . An experienced and highly skilled team. + +The eSports Betting App: How does it tie in with the eSports Betting App? All bets within the eSports betting app will be with Ape Token. Meaning an ever increasing market cap due to constant trades with the Ape Token. + +All bets will incur a small fee, accumulating in the marketing wallet & distributed to holders. The community aspect coupled with the utility of the eSports betting App will mean the Ape Token will have long-term and short-term gains in value. Holders will have big incentives to hold due to the tokenomics and the additional airdrops via the betting app token accumulation. + +&#x200B; + +A coin that rewards holders. You gain more APET through every single trade due to inbuilt 10% tax. You will also gain more APET once the app is live due to people buying into APET and the transaction fees for every bet being paid into the marketing wallet. Which is later distributed to all APET holders. + +&#x200B; + +Website: [https://apetoken.net](https://apetoken.net](https://apetoken.net/)) + +&#x200B; + +Twitter: twitter.com/ape\\\_token + +&#x200B; + +Telegram: [https://t.me/apetokenofficial](https://t.me/apetokenofficial](https://t.me/apetokenofficial)) + +&#x200B; + +Developers: [https://ApeStudios.net](https://ApeStudios.net](https://apestudios.net/)) (creator of the token and apps) + +&#x200B; + +Address: 0x196dc2421af765c2673fc6093fb1374b28064270 + +&#x200B; + +PanCakeSwap: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x196dC2421AF765c2673FC6093fb1374b28064270](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x196dC2421AF765c2673FC6093fb1374b28064270) + +&#x200B; + +Charts poocoin: 0x196dc2421af765c2673fc6093fb1374b28064270 +I invested heavily in my 401k, probably like most of you. Has there been much talk about what will happen when more people are withdrawing from their 401k than putting in? + +Hoping to find some useful info on the topic, thanks! + +I currently have 75k to invest (additional reserves as well) and I am looking at buying an investment property. Currently 28y/o, married, 1 kid, with car payment and mortgage but no other debt. Frugal, self-employed making roughly 60k/year and wife makes 50k/year + +I currently own a primary residence that has a separate guest house that I rent out. I used an FHA loan to finance and did most of the repairs (\~2 years of HVAC experience), so I am not \*completely\* green to RE investing, but also far from experienced. Purchased this home in late 2020. + +A few key points: + +* I have pre-qualified with the lender I used for my first house and can put 25% down on multifamily or 15% down of SFR investment properties - so I have roughly a 300k limit to the property I can buy with conventional financing. +* I already max my roth IRA and my wife's roth IRA, so I'm not completely neglecting traditional retirement/investments. +* The median home price in my city is \~250k and the market is very hot, but I have a few investor friends who are finding deals on the MLS and I am seeing some that would cash flow as well, they get tons of offers of course but they are out there. +* My long term goal is enough cash flow from rentals to be financially independent and focus on the work/projects I find meaningful, but not completely retire + +What I'm wondering is the subs thoughts on whether doing conventional financing on SFR or MF with positive cash flow is the best option in such a competitive market - I wouldn't go for anything less than a 12-15% COC return, which I know is low for many of you and I am curious about your thoughts on that. + +My other options would be: + +* saving more money to make cash offers on lower priced rehab/fixer uppers, force equity, rent, and cash out refi (the so-called BRRRR strategy), this would take some time and I might have to look at hard money or private lending for full short term financing +* Looking at short term rental options (I may do a trial with my guest house to get a feel for AirBnB once the current tenant's lease expires) +* Keeping the money in high interest savings and learning about something other than small time residential RE investing (i.e. commercial, which I know nothing about), then getting into that +* put money into traditional index funds/stocks + +I don't want to sit on this money for too long, but I also want to get as many educated opinions as possible about the options and not make any hasty decisions. + +Thanks. +This is a followup to this post : + +[https://old.reddit.com/r/financialindependence/comments/cdhsr5/being\_retired\_while\_my\_future\_spouse\_works\_toward/](https://old.reddit.com/r/financialindependence/comments/cdhsr5/being_retired_while_my_future_spouse_works_toward/) + +&#x200B; + +I intentionally made a throwaway as I did not want to give too many details about myself or my fiance but based on the responses to the post and how it blew up I thought this sub might benefit from getting some perspective. + +&#x200B; + +Thanks for all the response some were very helpful & positive, some were unfortunately unsurprisingly misogynistic, but the reason I am writing this follow up is to give some perspective to the people that were so quick to judge based on the sole fact of someone being 35 having a 1.5MM net worth vs 0 net worth. Many people couldn't even understand how someone could be 35 and have no net worth. This story will have 2 parts mine, the diligent saver, and my fiancee's the apparently financially irresponsible, party girl. + +&#x200B; + +I am a first generation Canadian born to working middle class immigrant parents who provided me with a life with basically no wants.While at university I was lucky enough to have a friend to introduce me to FI as a concept and that is when I began planning to RE. When I graduated I had about 40k in loans, I lived with my parents for 2 years while I paid off my loans until I moved out. During this time, my father became ill and was in and out of hospitals for about a year. Thankfully since we had universal healthcare the only turmoil we as a family suffered was emotional. Shortly after my father's recovery I moved abroad, worked in a country with minimal income tax (below 10%), was paid a salary in USD (yay for the USD to CAD exchange rate), had my housing covered by my employer, and I quickly accumulated the bulk of my net worth. This resulted in having a 1.5MM NW at age 35. + +&#x200B; + +My fiancee is a first generation American born to a poorer pair of immigrant parents. She too went to university and accumulated some student loans (about 25k) but fewer than me thanks to her scholarships. She was working towards her CPA when her father became ill. Her father had a neurological event that caused him to require a permanent caregiver, his mental faculties were severely compromised and he could basically no longer function on his own. He required multiple operations, months of rehab and a part time caregiver for when his wife, or one of his 2 daughters could not be at home. Since my fiancee is American her family was saddled with 6 figure medical debt. In addition to this my fiancee stalled her career as well. While nobody would think to fire someone due to their family going through a terrible time, my fiancee did have to work closer to a 9-5 (in order to be there for her father) at an accounting firm. This would severely limit any opportunities at promotions as any accountants can vouch during the busy season you basically live at the office in your early career and nobody wants a higher up who isn't willing to commit to the company. A few years ago her father passed and the final financial death knell to my fiancee's net worth was dealt with funeral costs. This is on top of all the years of hardship and emotional turmoil she has gone through. Now that my fiancee has had time to come to terms with the loss of her father she has been able to make great strides in her career, able to move up in a different firm and has significantly increased her salary as well. She was able to slowly pay off her family's debts and become debt free with a net worth of 0, this was also while helping take care of her mother and younger sister. + +&#x200B; + +Why am I telling you all of this? In the comments of my original post I was lauded as a financially responsible FIRE focused individual when my only real obstacles were student loans and the emotional struggle of my father's illness. I started FI at 3rd base and was congratulated for running to home and reaching RE. My fiancee was labeled irresponsible, a party girl, and worse. In reality, she had to climb through the minors and reach the majors to just have a chance at bat for FIRE. + +&#x200B; + +I was and am incredibly lucky, had my country not had universal healthcare, had I not met my friend to introduce me to FIRE so early in life, had I been limited in where I could go to further my career I would not have reached FIRE so quickly. + +&#x200B; + +This sub is one of the most privileged I have ever seen and I do not say this in a bad way. I suspect many of the people who could not understand how an individual can have a low net worth at 35, have most likely led a relatively privileged life as I have. I recommend before we judge anyone based solely for having a low net worth, we may want to realize that not everyone is lucky enough to have a high paying career, low expenses or even basic physical health. Hopefully this post provides some perspective for those who think they can infer all they need to know about a person based only on their financial situation. + +&#x200B; + +This will most likely be my final post on this account so I wish all of you the best on your own FIRE journeys. + +&#x200B; + +P.S. u/[**Oax\_Mike**](https://old.reddit.com/user/Oax_Mike) I'm not sure if it was your positive attitude, your willingness to tell a truth that I may not have wanted to hear or just your ludicrous ideas at a side gig but just know that your outlook and advice was much appreciated. That is in addition to my gratitude to everyone who offered their advice and experiences whether I agreed with them or not. + +&#x200B; + +EDIT: I noticed in the comments people are wondering what I ended up deciding. I am leaning towards the side gig but to be honest, deciding to rejoin the work force (even on a part time/freelancing basis) is a major decision that I cannot quickly and impulsively make. +Saving accounts? 0.1% interest isn’t going to help at all in building wealth. ❌ + +Real estate? Housing prices are so expensive millennials can barely afford to own their own house, let alone invest in rental property.❌ + +Higher education? A degree is so common nowadays it doesn’t confer any extra advantage. PhDs are in oversupply, many are stuck in low paying adjunct positions. (Ok this is a partial tick ✅, but no one is going to get rich just by having a higher degree.) + +Stocks? Partial tick ✅ only for Frontier Technology like Electric Vehicles. No one is going to get rich investing in Apple, Amazon, FaceBook in 2021, the time for that has passed 10 years ago. + +Crypto’s institutional adoption only really began this year in 2021. DeFi started less than 5 years ago in 2018-2019, but again really became popular only recently. Crypto (those of good quality) is literally one of the most promising things a millennial can invest in. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + +To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! +I still don’t think Ken Griffin the financial terrorist and criminal CEO of Citadel Securities in Chicago really understand what he’s done here… + +I was bummed about mid day when I couldn’t pick up the sub $90 dip. I put in an order for 1 more at $89.51 and was super stoked when it filled about 12:30 or so. Watched the price go up a bit then slide back down to its current $87.62. Here’s the kicker, I’m more excited that its sliding than I was when it filled at $89.51. + +They don’t understand still that they have created a fucking legion of retail investors that get more excited on dips that we do on rips. + +We have unlocked god mode. No media, no slander, no short attacks, no Fed bullshit, no war, no politics, no interest rates, no fud, no price can ever get us to fold. I will keep buying one by one and DRS’ing until I no longer have to, not because you made me. + +We are fucking inevitable + +Edit: Aye u/Gme_tweets this bot is absolute legend dude. You are next level 🙇🏻 +Found an extremely helpful resource in my reddit feed today. This is released by a state university for those who are laid off during this pandemic. I thought I'd share it here for the greater good. +Here is the link to their webpage: [https://www.csueastbay.edu/ocpd/](https://www.csueastbay.edu/ocpd/) + +Hope it is helpful for those who are looking out! +9 months of buying and holding and the price is still being suppressed. If at this point you don't think they can continue this facade for another 9 months then I don't know what to say. SHF's will lie, cheat and steal and the SEC doesn't give a shit, the DTC doesn't give a shit, and our government sure as hell doesn't give a shit. + +You know what happens when we get to 300? 350? Anything that would set this rocket off? We'll get shorted to all hell and it'll be the same song and dance over again. This is all well within their power because they hold the cards. They hold the shares. It's time we seriously stop praying for someone or something else to set the rocket off. The power is in our hands, it always has been. + +**#DRSGME** +I went to a festival about a month and a half ago and the check-in process was lengthy—I was told I’d be entered into a drawing but I didn’t give it much thought. + +A few weeks ago I started to get calls from a number I didn’t recognize—when I googled it, it came back as a travel agency and there were several reports marking as spam. I decided not to answer the calls, but they’ve been coming in more often (increasing from once a day to 3 times a day). Yesterday I decided to answer and was told I had won the drawing and was given the option for several prizes—a $250 gift card, a 40” tv, Beats headphones among several other things—cool, I opted for the gift card. Also, I won a 2 night stay at one of two resorts. One was a resort about 45 minutes away from me, the second was a ski resort in the mountains. I went with the second option as I thought it would be fun for the family. The guy said “let me confirm the mailing address” and I asked him what dates I was allowed to book—then he put me on hold to get a “supervisor”. + +Supervisor explains that he was new and she wanted to make sure he informed me correctly of what I had won and used the right terminology. Ok, “so, he told you about the deposit?” Wait. What. I’m not comfortable with giving my payment information over the phone. I’m not even sure if this is real. And then she got super pushy. “It’s a $75 deposit and you get it back after the tour plus I’ll give you an extra night and you’ll get your $75 back AND the $250 gift card.” Tour? My mind immediately went to timeshare. Without voicing my concerns, she said “this is not a timeshare pitch, it’s literally a tour of the grounds so you’ll come back”. + +I’ll have to think about it. + +“Ok, you’re on the phone with a supervisor, I’m offering you an extra night—$250 gift card and the only thing you have to pay is $75 (which you get back)—why are you saying no?” + +Red flags all around, so I told her I was at work and couldn’t talk. + +“Well, we’ve been on the phone for 8 minutes already—“ + +And then I just hang up. + +Has this happened to anyone else? Was this a scam? It seemed really fishy and questionable. + +*Edit: Based on everyone’s feedback, it sounds like it’s not a scam in the traditional sense. Since I’m in B2B sales and confident in my ability to say no (also, I’m cheap) I may take them up on it if they call back (or I may just fund my own vacation to a ski resort). Thanks for the heads up, everyone! +I’m coming here in brutal honesty towards myself with shame and embarrassment towards myself. I’m 24, I have 2 beautiful kids and I work currently as a furniture removalist. I have huge ambition, I’ve always wanted a job in sales and to have a job where I’m not limited to a certain pay an hour, and more so a job I can work extremely hard and build customer relationships and to just have the hard work I put in pay off. + +Now here’s where I need advice. I’ve stupidly (and I can not stress that enough) spent the past years of my life getting into debt. I currently owe friends a lot of money (which I have amazing friends and there is nothing more I want to do then to pay them back to show my appreciation) whom I still talk to and are still great friends, I have debts from loans I’ve got (only small) that I’ve never paid back, I’ve gotten a laptop that again I never paid back the company and a phone bill which yet again I never paid back. + +I absolutely hate myself for this. I never knew how important things such as a credit rating were when I did all these things. And there’s nothing more I want in this world to get a pay check (which is only small as I find it hard to get much work where I am now) and the pay check basically be mine except for bill. I’m forever paying people back and just stuck in a rut. + +I know all this is my fault and I very well know how stupid I’ve been but I’m not in denial. I’m ready to change and fix my life. + +My question is, someone in my position I know it’s a very long shot, but is there any sort of loan I can go for so I could be paying back one provider rather then having to have so many at once. Because I feel I’m failing as a father and my children are my world am I’m going to do whatever I can do to get on top. + +I’ve even stood on the side of the road with a sign looking for work which is how I obtained my current job. + +I’m sorry this post is so long, and I’m sorry if it’s not necessarily the right post for this sub. But I read this a lot and so many of you people are inspirations to me and I just don’t have family I can go to for advice like this. Again, I know this is embarrassing on my behalf and I’m prepared to get roasted. + +Any help would be appreciated. Thankyou + +Edit: This morning I’ve booked into tafe to do a real estate course, I have a financial counseling session booked and am heading out to hand out resumes now. + +just wanted to say Thankyou so bloody much to each and everyone that has given me advice every single comment here means the world to me. + +I just wanted to add that I always talk and communicate with my friends and they’re great about it and they know I’ll get them back I’d never lose my friends we are all so close and it’s great. It’s more so just a respect thing by me wanting to get them and people have said on here good ways to approach! And as for my kids I never let money affect them because money doesn’t buy happiness ! But my love for them does and we are always doing fun activities and what not. ! Thank you guys +Ok so I went in with my approval letter from Bank of America for a loan with 4.34 apr. Did all the paperwork and signed all the things. As I’m about to leave with the new car the finance guy says Bank of America won’t give him the 4.34 even though I have the approval. He tells me not to worry to go home and just email him the approval letter. + +Got home and sent him the letter and says he’ll work on it. Then he called back a few days later stating he’s still having issues and I need to go in to redo paperwork and get check directly from the bank and turn it in plus my own check for the difference (around 3k But didn’t explain why the difference). I called the bank and they said I have enough loan amount and they don’t do checks like that anymore. And that the dealership is a preferred dealership so they can follow the instructions on the approval letter so bank can wire them the money. + +Finance guy keeps calling me saying the same thing. I call the bank and they say dealership hasn’t called them with any issues. + +Finally called the dealership and asked to speak to a supervisor. Now they want me to go in and redo paperwork for a higher apr (4.64) bc my “loan to value” ratio is too high and the bank isn’t approving it. I called the bank with this explanation and they confirmed. + +Is there anything I can do? If I wouldn’t known this from the beginning I wouldn’t have signed the paperwork. I would’ve kept shopping around for a lower apr or get a cheaper car. + +Located Southern California. +We’ve had the car for like 2 weeks now driving it and put insurance and everything. +I've drafted up a somewhat short write up on why I believe eBay is a good buy at the current price. Any feedback is encouraged for missing points, disagreements, anything really. Hope you enjoy. + +**Bull Thesis** + +• Revenue growth in Q4 accelerated to 28% year over year and \~35% once you normalize for pending asset sale + +• eBay has a sweetheart deal with Adyen, receiving warrants to purchase up to 5% of Adyen (Adyen is a $80B dollar company) + +• eBay has been aggressively buying back shares over the past 3 years at very good price (37% of the shares outstanding have been bought back) + +• eBay is selling off assets unlocking great value (Classifieds business $11B set to close in 2021) + +• eBay has been paying off debt and refinancing for lower interest rates + +• eBay returning capital to shareholders through dividends + +**Bear Thesis** + +• eBay is a stagnant boomer company used by my parents + +• The company has been selling off some of their best assets (Stub Hub, Classifieds). + +• Exceptional growth experienced in 2020 will reverse or at least slow drastically as the vaccine gets administered + +**Background** + +eBay Inc. operates marketplace platforms that connect buyers and sellers worldwide. The company's Marketplace platform includes its online marketplace at [ebay.com](https://ebay.com) and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, classifieds, directories, search engines, commerce participants, shopping channels, and networks. The company was founded in 1995 and is headquartered in San Jose, California. + + Over the past few years eBay has changed their business strategy to that of a mature company with stalled growth by refocusing on the core business, divesting non key assets and returning equity to shareholders through dividends and share buybacks. This all changed in 2020 with the worldwide Covid-19 pandemic causing a resurgence in eBay’s core business. The emerging growth and strategic plays taken by eBay have and will continue to unlock huge value for shareholders. Let me begin. + +**Revenue Growth** + +For a long time revenue was flat to declining at eBay, until 2020. Revenue growth on their core business accelerated to 28% YoY in Q4/2020, which excludes lost revenue from the sale of their Classifieds business. Organic revenue growth estimated to be closer to 35% if we were to normalize and remove Classified’s 2019 revenue. I do not think the market is properly pricing eBay as a technology company with accelerating revenue growth north of 30%. + +eBay trades at under 5x revenue and 25x Free cash flow. These are very reasonable multiples, especially when looking at eBay’s peers. Etsy trades at 20x revenue while Shopify trades at 68x revenue (albeit these companies are growing faster). Amazon seems like a good comparison in terms of revenue growth rates and revenue multiples to eBay. However, Amazon’s gross margin is only 25% versus eBay’s 75% gross margin and EV to Free Cash flow at Amazon is twice that of eBay. Amazon is more of a traditional online retailer while eBay is a pure marketplace play, but why are they traded at the same revenue multiple? Other technology companies with similar revenue growth rates to eBay are trading at 20-40x revenue. This all leads me to believe that based on eBay’s core business, the eBay is priced at a discount relative to their peers. + +The bear argument would say that the 2020 growth is due to pandemic and things will shift back towards retail as vaccines are administered. This very well may be the case, but when we look at other companies that have this same accelerating growth during the pandemic (Etsy, Shopify, Lightspeed), these companies are priced at exuberate multiples. If we see continued upside in online buying as we live in ‘the new normal’, then eBay should see continued growth in share price as a result of both revenue growing and expansion of valuation metrics given the sustained growth. + +**Adyen Partnership** + +In 2002 eBay acquired Paypal for $1.5B. Back in 2002, 70% of eBay’s transactions were processed by PayPal. In 2015 eBay spun out PayPal. You are probably thinking so what PayPal processes transactions for eBay…not anymore. In 2020 the agreement between PayPal and eBay for processing transactions finally ended (5 years after spinout) and eBay started using Adyen for processing transactions. This partnership has many advantages such as eBay owning risk management (higher acceptance rates), and offering improved checkout features to optimize conversion (alternative payment methods). There are additional opportunities down the road that eBay could look into, like consumer financing, wallet, etc…. through their partnership with Adyen. These are opportunities that eBay could not previously do with PayPal as PayPal owned the payment data for customers at checkout. + +But the best part of the deal with Adyen would be the economics. Although eBay does not say, I would be surprised if eBay did not receive discounted pricing from Adyen. A 10bps saving would result in $100m of savings each year, based on 2020 GMV. eBay also received warrants to purchase 5% of Adyen as part of the deal. Adyen is a $80B company. Those warrants have and will continue to print……ALREADY VALUED AT OVER $1B!!! Overall I am bullish on the partnership between Adyen and eBay. + +**Share Buybacks** + +Over 389 million (37% OF THE COMPANIES EFFING SHARES OUTSTADING!!!! ) have been bought back by eBay over the past three years. eBay used proceeds from disposing of assets and cash from operations totaling $14.6B and bought back shares at a very low price (\~$37/shares versus todays $60/share). This was a great way to effectively return capital to investors and grow the company’s share price. When you look at the growth in eBay’s share price over the past three years it is almost entirely accounted for simply by these share buy backs. + +**Debt Outstanding** + +eBay has $7.7B of debt outstanding. The debt is easily serviceable through eBays free cash flow (2020 free cash flow of $3.3B versus $300m interest expense). So you might think the story ends there, nope. eBay has paid off $3.3B of debt over the past 3 years. Again utilizing their cash from operations to improve their balance sheet. The story is not done yet. eBay’s management team has been doing a great job optimizing their interest payments as interest rates come down through refinancing debt at lower rates and paying off debt with high interest rates. In Q1 2021 eBay repaid a $750m note with a 6% interest rate (this was the earliest they were eligible to repay the note at face value). This alone should save the company $45m a year in interest expense. + +**Dividends** + +In 2019 eBay started paying a dividend of $0.14/share (about a 1% payout). Hey, dividends are nice and they attract a longer term stable investor. + +**Classifieds** **Sale** + +eBay is selling Classifieds business to Adevinta for a package valued at over $11B ($2.5B cash and Adevinta shares). They are losing only $200m of income from Classifieds business so the impact to free cash flow is 10% all while unlocking $11B of value. + +**StubHub** + +In February 2020 eBay sold off their StubHub business for $4billion in all cash sale. Could the timing of this transaction have been any better? Right before the pandemic, selling off a ticket resale business for large events….and using the proceeds from the sale to buy back shares of eBay at a depressed price. Long term eBay is losing a valuable asset, but I do not think they could have gotten a better ROI on these assets over how things played out. + +**Ownership** + +The stock does have a major ownership stake by Pierre Omidyar (founder) who owns 7% of the company. Since his departure from the board in 2020 he has been selling his shares. In Q4/2020 he sold 13m shares. As he continues to sell there could be some pressure on the share price, but in my opinion this is also a reason likely why the stock is still cheap. I expect Pierre to continue to liquidate as he focuses on philanthropy. +Networth $2.2 m(does not include house. Stocks/Bonds/Cash) and age 47. I hated the job I was in and just had surgery. On paid leave for 3 months. Did not want to go back. I was able to transfer to a new job while on leave which appears to be a much better job. If not for inflation I may have retired. Inflation appears to be global. 3-4 years of 8% inflation is a killer. Also if the fed jacks interest rates to kill inflation(this may not work that quick due to global inflation issues) this will lead to a recession. Its inevitible. Then big stock market correction. + +&#x200B; + +people who invested in rental properties are likely good for inflation, but those of us who went with the stock market will have to suffer through a big correction. I dont know how long this inflation with last. The supply chain issues. The war in Ukraine means that there may be food shortages in poor countries which will contribute to price increases in the US since its a global food market. + +I think those of us who own a home are partially insulated since we have a mortgage locked in at low rates. + +What are you doing? Are any bond markets moving up interest rates that are good for investing? Everything I see is still below inflation rate? so I am still 90% in stocks. +Due to regulations, minors are generally required to have a parent or other legal adult listed on their bank accounts. Once you turn 18, you should establish a bank account that is in your name ONLY. This new account should also be at a separate bank/credit union from the previous account in order to prevent any mistakes from bank personnel that may give a parent access to the new account. + +There are multiple horror stories that you can find about people who have their accounts drained due to actions by their parents. The parents take the money to punish, they use it for their own needs, or they have judgements against them which cause all the money in the accounts to be used to satisfy the debts. Despite who earned the money in the accounts, if more than one name is on the account, legally it belongs to BOTH parties. + +Having a separate account doesn't mean that the parents can't put money in. All they need the account info on it to deposit funds. Other excuses may be well-meaning, but at the end of the day it's not necessary to have the parent on the account of the newly adult child. +Since the odds are highly stacked against individual stock picking (around 98%) underperform, and even top money managers/ investors struggle to outperform, why not just stick to indexing? +Only a few days left until the new year, what are your top 3 stock picks for 2022? + +If possible, add 1 simple sentence to explain why are you bullish. I'll start first: + +1. Foot Locker - Beaten down due to its boring performance, healthy balance sheet, and below intrinsic value +2. Zillow - Got rid of Zillow Home (the biggest mistake they made), now they're back on the right track +3. iRobot - Strong brand, good product, punished due to temporary Covid-19 related issues +I'm a federal employee and you wouldn't believe how often I encounter people who have no idea how any of our benefits work. The most common I see are: + +* People find out they (or their federal employee spouse) are pregnant and want to know how much maternity leave we get (answer: NONE) +* They think FMLA is 12 weeks of PAID leave - this is disturbingly common +* Then they want to know how they can get short-term disability after the baby is born (answer: that's not a benefit the government gives you - you would have had to enroll before now) +* They want to know how the leave bank works (many agencies have this) and are shocked when they find out they would have had to already be contributing to it in order to draw from it +* They have no idea how our retirement savings (TSP) work - have either not been contributing since they started employment, or are contributing a little but have never adjusted the allocation beyond the government bond fund that all new enrollees are in + +Most people are pretty good at researching all the ins and outs of health insurance, but beyond that they make a lot of assumptions about our benefits and never bother to dig into the details. This leaves you woefully unprepared for an event like a medical emergency or pregnancy. +Can someone explain the difference between the two? + +One of my friends has a financial advisor who handles all his stocks, and he doesn’t feel the need to lock up all his money in a tax advantaged account. And he makes claims about all the returns he gets from it. +I have 2 kids and I'd like to start saving for their future. It's hard for me to save money on my income alone but their dad started paying me child support and I want it all to go to them. I was hoping maybe there's somewhere I can put it and it can grow over the years but I honestly don't know anything about finance. If it helps, I live in the states. +*Jack Bogle. DCA VTI till you retire. Go with the 3-Fund. Just buy the S&P. You can’t beat the market consistently over 10 years. Etc...* + + +Times have changed. Funds like ARK exist and could be changing the game with a new approach. Guys like Chris Camillo have averaged over 60% annually 15+ years through social arb investing. + + +At what point do we consider that times may have changed enough for traditional methods to be challenged? + + +EDIT: Great discussion everyone... well aside from a few condescending geniuses who seem angry at the world. I hope you find peace. Anyway, I’m gonna yolo on MindMed for the foreseeable future and then diversify following Chris Camillo’s social arb style (see Dumb Money Live podcast or the book Laughing at Wall Street). Best of luck to all of you who plan on buying the index and retiring comfortably in your 60s. Nothing wrong with playing it safe. As for me, I’m gonna try my hand at taking on risk and being aggressive so I can retire before I’m 40 (30 now). ✌️ + +EDIT: Hi, I just wanted to say I appreciate all the feedback that you guys have provided and I’ll probably really go through it tomorrow. I get it I messed up (kinda?) I had the best intentions and just got fucked but ¯\(ツ)/¯ + +EDIT 2: Not exactly sure why the post is locked but I’ll look through all the comments later, thanks! + + +I think this is ok to post here but I just wanted to vent and warn people about buying gift cards from target. I recently went in the store to purchase apple store gift cards as part of a promotion to buy my dad a new phone. + +I purchased $600 worth of apple gift cards from target. Each one was activated in a separate transaction all around the same time. What little did I know that within 10 minutes of activating a card someone somehow knew the code and redeemed it before I could walk out of the store. The cards were sealed, I’ve talked to apple who was able to mark the accounts that stole the cards as fraud but they can’t get my money back. + +After speaking with two target managers they basically said that sucks and even when I called the police to file a report even the police wouldn’t file one. Corporate has not been helpful either as they’re “investigating”. It is just a continuous loop of shifting the blame. + +So today was a sad waste of time and now I don’t have the money for a Christmas gift. + +Anyway I wanted this to be a PSA not to but physical giftcards in target. After doing some research there is a actually a class action lawsuit against target for this kind of fraud. + +https://topclassactions.com/lawsuit-settlements/money/gift-cards/target-itunes-gift-cards-scam-class-action-lawsuit + +If you guys have any advice on how to proceed I would appreciate it and thank you. +I was going to post on a burner, but I'm not afraid of typing this. + +Got a child on the way within a few months, so it made sense to get some more life insurance. My job's open enrollment just finished so I signed up through my health insurance provider. Got about 200k on myself which meant I needed to do an EOI (basically answer health questions). I'm 6'0 and over the past year hit 300 pounds and turned 30. Outside of that, no health issues. That easy "NO" to every question. Not even high blood pressure! + +Stock denial when completing my EOI. Letter in the mail? Height/weight. + +Of course, my membership to the Y has officially been dusted off as of today. Of course, I'm eating oatmeal. Of course, I could get life insurance through other various outlets instead of my insurance provider (AETNA). Of course, In a year I'll probably be much, MUCH lighter and back to my weight 2 years ago....but this struck me deeply, as when reading this forum, it's usually monetary issues. The "how can I get out of debt?" or "what do I do with this extra money?" issues. + +This is the first time where myself and others on this forum have probably experienced this and felt ashamed. I can't continue to build my personal finance and be comfortable in life until I handle this weight issue, and I hope someone else who is reading this post realizes that their weight may be as bad as a credit score issue in the eyes of an organization. + +That's all. Be healthy. Might help you actually spend that huge pile of cash you're sitting on for retirement! + +*The "obligatory edit"* + +- May be the first time on this forum's history that its been taken over by various fitness subreddits. So much great knowledge in here. + +- Many folks from /r/keto have sent PMs. Thank you. I have access to a dietitian so I'm going to discuss those options first before diving into a diet. + +- The oatmeal discussion is interesting. I'll finish out the canister I have before going to a more "fiber" solution, or just research further + +- Might be awhile before I can respond to PMs, but I thank y'all for those who want to assist me outside of Reddit with this. May not take you up on the offer, but I appreciate it. + +- Of course, I love the minority who send nasty PMs...never change, internet. +Update: + + +In my [previous thread](https://www.reddit.com/r/fatFIRE/comments/pqnpqn/selling_startup_shares/), I was an early startup employee asking for advice on selling a startup stock that was worth $2 million, that I expected to go to $10 million within a couple years. It was very risky, and I was asking if I should sell, or wait. + +For those curious: In the end, I decided to sell 50%, walking away with roughly $1.5M post-tax (stock price went up a bit right before I sold). + +After my sale, the stock actually ended up skyrocketing, and today, 6 months later, my remaining stake is worth between $3M to $5M. I definitely lost some sleep at first from walking away from $4M by selling 6 months too soon. But looking back, I feel justified in my decision. The stock is, and always has been, incredibly risky and volatile, with a very real chance of going to $0 at any moment. And the liquidity has been life-changing for me. It’s allowed me to take some time off work, stuff my emergency fund, and begin the search for my dream home. + +The other 50%? I’m holding til an exit. Ultimately, I'm hoping for a dream "have your cake and eat it too" scenario, where I get near the original $2M upfront, and still get the hoped-for $10M at IPO. + +Overall, I was so blown away by the helpful and genuine replies I got in that thread. I got so many amazing replies, I thought I owed everyone an update. To u/holman, who said, “You can afford to do non-perfect things”, thank you. It’s exactly what I needed at the time. + +If I had to give advice to someone in a similar situation, I would say, definitely take some money off the table. You never know what could happen. But definitely keep enough "lottery tickets" to play the game. You never know what could happen! Best of luck out there, FatFIRE-ers. +I posited [this question](https://www.reddit.com/r/financialindependence/comments/37or0y/are_any_of_you_planning_on_working_no_stress_fun/) on this subreddit 5+ years ago, and seeing that it's grown in activity, I'm curious to hear some novel responses. + +After a strenuous career working your way towards financial independence, do any of you have or plan to have a *fun, no stress* job after you achieve FI, to remain productive in a familiar sense or socialize with people? + +During high school, I worked at a movie theater along with 2 (regularly retired) older gentlemen who lived comfortably, but worked at the movie theater a few days a week to talk to people, see free movies, and generally keep themselves entertained and sane. + +Are any of you planning on doing the same? + +**Edit:** A day later, it's been great to read over you guys' aspirations. Wherever you are in the FIRE process best of luck: enjoy working at a pizza parlor, teaching little league, or reading a good book in your hammock with a cold mimosa. +Good Morning, Afternoon or Evening Apes! + +Happy Tuesday. Hope you are all had a fantastic weekend relaxing and taking it easy. + +**AN INTRODUCTION** + +First of all – an introduction. I will need to be vague about certain parts but will endeavour to introduce myself best I can. I have worked as a journalist in media at all levels from local newspapers & TV stations – all the way to the national & international stage. I have travelled around the world and reported on every major news event you could imagine. I have also won numerous international awards around the world for my work. + +I am more than happy to verify my identity to mods of r/Superstonk to help give this post a little more authority and meaning. In fact I would encourage someone from the mod team to reach out because I don't want to be labelled as a fake. + +**WHY ARE YOU MAKING THIS POST?** + +I wanted to put together some thoughts and share with you those thoughts. These include thoughts about the work being done here, the level of research & quality. I also wanted to dive a little deeper into why you are seeing the media act the way they are, and why this story is not the front page of every newspaper or lead story on every TV network on the planet. I want this to be a bit of a different DD - a "cultural DD" rather than a technical DD , so I can try and explain what is happening in the media at the moment, and how we got here. + +**FIRST OF ALL – CONGRATULATIONS** + +Firstly – I want to congratulate the research and DD writers on this sub. + +Without a doubt – the quality of DD, research and investigative journalism that is on display here is unlike any I have seen in my career. + +If the system wasn’t corrupt to its core – some of you would be, in my opinion, in line for some of the most prestigious awards and accolades for investigative journalism (more on that latter) + +Once again, I will reiterate. The kind of DD & in-depth analysis that we are seeing in documents like House of Cards is some of the most well thought out, researched and important information I have ever seen. If you knew the stories I have been involved in, you would understand the weight of this statement. + +**What is being discussed here on this sub is the most important thing in the world right now.** We have stumbled across the largest criminal racket on the planet, in history. It affects every single person, and the criminality and corruption is something that has stolen trillons of dollars from billions of people around the world. For the first time in history, a think tank with different sets of skills, talents and abilities saw the data and worked out what was going on – and they did it in public, not behind the closed doors of some board room or towering sky scrapper. All the research and information are right here for everyone to see. More importantly - the DD is peer reviewed. There is a healthy debate, and many times things are debunked. This is incredibly healthy. + +**IT’S JUST ONE BIG CLUB** + +Media concentration is one of the biggest crimes that has happened to humanity. If you are old enough to remember, it wasn’t that long ago that there was thousands of newspapers, TV stations and radio stations around the country that were independent. They were run by local families or often were set up by a wealthy individual. You use to know the family who was running the local TV station - you would see them at church, or at the supermarket. + +Over time that independence has died. Almost everything you read, watch and listen to is now controlled by only a handful of companies. This includes both factual programming such as news, but also entertainment such as movies and TV Shows. + +Some of the main players are + +* News Corp +* WarnerMedia / AT&T +* ABC Disney +* ViacomCBS +* NBC Universal +* New York Times Company +* Sinclair Broadcasting Group + +These companies have controlling interest in a lot of what the world reads and watches not only in the United States – but around the world. + +Many times these companies will also take a 33% or greater stake in a foreign media company to have a footprint in additional markets / countries as well. There is also affiliate deals that happen – so there are a few local news companies that own hundreds of “local” TV Stations – but in essence they are still run by a corporation. + +An example of this was Sinclair – who owns hundreds of local TV stations sent a “Must Run”. Must Run’s are things that are mandated to be reported on or played in the local TV network. In my experience they are rare, but they do happen. You can see what a “must run” looks like in this clip below + +[https://www.youtube.com/watch?v=\_fHfgU8oMSo](https://www.youtube.com/watch?v=_fHfgU8oMSo) + +Many of the companies you get your information from are also multi layered in their ownership. + +Take for example the website MarketWatch. They are owned by the company “Dow Jones & Company” – who is then owned by News Corp – who is owned by Rupert Murdoch. Of course NewsCorp then owns Wall Street Journal, Fox Business, Fox News…. + +It’s all the same owner. + +And TRUST me when I tell you this – the owners of all these media conglomerates all have each other’s phone number, and do talk to each other and have lunch more often than you might realize. + +&#x200B; + +[The Mouse owns the world](https://preview.redd.it/2057xwo5qza71.jpg?width=2500&format=pjpg&auto=webp&s=da4ddd7295e0de871780325340c3c1ece51be8a1) + +&#x200B; + +**THE GREAT DUMBING DOWN OF AMERICA AND THE WORLD** + +One of the great (and many crimes) that has happened in the United States in the last 50 to 60 years has been what I call “The Great Dumbing Down of America” + +In my opinion, there has been a very strong effort to keep people uninformed about what is happening to them and their life, while at the same time also slowly reducing the attention span of the average adult. + +I can’t even begin to tell you how many times important stories have gone to waste because they couldn’t be explained in under 1 minute 30 for a TV news piece. How the FUCK do you try and explain to the entire world something like MOASS or how billionaire hedge funds have been using peoples pensions and savings to gamble on insane investment products and hiding illegal behavior – the simple answer is you cant. + +A perfect example of how this dumbing down of America can be seen in one of my brothers. I have tried so hard to sit down and show him the evidence and ask him to read things like “House of Cards” or other important documents from this subreddit. + +**Do you know what his response was?** + +**“Is there a TikTok length video that can explain this?”** + +That’s where we are right now. We don’t have an adult population capable of dissecting large amounts of complex data or information, and with the invention of Instagram, TikTok etc – the attention span is getting worse, and worse. It’s not just the population – about 85% of the journalists I work with can’t digest or understand the data I have shown them with regards to the GameStop saga. How do you think the public can be informed when the people that are meant to inform us cant even understand whats going on? + +That’s how these mother fuckers get away with it. Because they KNOW the population including journalists are now at a point where they a) don’t have the comprehension skills to deal with it and b) don’t have the attention span to even TRY and comprehend it. + +It’s the greatest crime that has happened to this country. Not only has the comprehension levels gone to an insanely low levels, but they are actively pricing out many young people from a decent college education – and in my opinion College has started to become a large group think exercise, and not the free thinking place it use to be. This has eroded skills like critical thinking to a dangerously low level. + +And a final note on the Great Dumbing Down – I believe that we have all seen in the last 60 years an insane level of dictatorship level propaganda that has led the majority of the population to believe they live in the greatest country on earth. + +Because of this red white and blue, flag flying brainwashing – we have led the greater public to simply believe they are living the best life they possible can. When in truth America has severe and epidemic proportioned problems with third world issues such as basic workers rights (such as annual leave and maternity leave), healthcare, education, violent crime, infant and child mortality, high level government and business corruption – and a host of everything else. + +I love the United States – and I do believe it’s an awesome country – but we HAVE to start seeing the problems we have that has been caused by corrupt businesses and politicians, and understand other countries figured out how to deal with these issues’ decades ago. We have to start rejecting the propaganda that this is the BEST, number 1 country on the planet, We must start understanding that tens of millions of adults and children are living below the poverty line, and are being left behind. The great lie comes through all forms of media – the movie industry, the nightly news. It is designed to lull you into a sense of “you are doing fine, no need to be any better”. We must strive to be better. We must demand a better level of leadership in this country to make the country better on such basic issues such as letting people take a piss while they are working (I'm looking at you Jeff Bezos) + +I really like this clip from the TV show "newsroom" that kind of explains what I am thinking. +[https://youtu.be/bIpKfw17-yY](https://youtu.be/bIpKfw17-yY) + + +**DO YOU REALISE HOW LUCKY YOU ARE? THE CULT-ISH MINDSET** + +Many of these organisations indoctrinate their staff by having a cult like attitude to the branding of the company they work for – and the name they represent. It is not lost on new staff on the history of some of these organisations – and the people that came before them. They might show them old, famous news reels from major world events. Vietnam War, Desert Storm etc. They might show them the notebooks of old reporters that came before them. + +The idea is to make people realize how lucky they are to be sitting on that desk, in that newsroom. That they are special – and loyalty is demanded of them. **Don't ask questions, don't go against the grain, just do your job.** + +**STAFF – A TWO TIER SYSTEM** + +Please note – the information here is regarding large national newsrooms, and not your local newsroom. + +These organisations are run with a top down, fear-based style of leadership. + +The leader of a news organisation will be the head honcho, and many times will be the person calling the shots on how news is covered, and what news is covered. Below them are a number of “lieutenants” – these could be “Vice President of *insert flashy title* here. The point is – that these organisations are run HEAVILY top down. As a journalist, many times you are simply told this is the story you are covering, now go cover it. + +Now as far as staff go – there are two levels of players. + +The first level are the seniors. These are people that have been with the company or industry for decades – and they are compensated well for towing the line and doing their job. Many of these salaries are low to mid six figures for background staff and management – and then on air staff going from the high 6 figures, and into the 7 figures. + +They live a comfortable life, nice big homes, lots of travel with work, and outside work as well. Why would you ever open your mouth and fuck that up? They don’t. They have a great life and its just best to keep being the cog in the machine that makes it work. + +Then there are the second level – juniors that are out of college. They are paid okay amounts for a first job but live in constant fear. They live long hours, but are promised that if they work hard, they will get paid more – get to travel – get to do bigger and better things. + +For both of these tiers of staff – why would they fuck anything up? They are both living their own dream – and they want to continue working in these prestigious institutions, getting paid huge salaries and living comfortable lives. No one wants to step out on a limb anymore for stories, they just like getting shit from a press release and taking everything as face value. + +Nepotism is also a huge issue in the industry. It is very much an oddity if you manage to land a job within one of these major organisations without knowing someone on the inside. The amount of people who are nieces, nephews, sons, daughters, friends is disgusting. Many times the jobs you see advertised on the career page are done out because rules state they must be advertised externally – they already know who they are employing for many of the roles. + +**TWITTER IS DESTROYING THIS COUNTRY** + +In my humble opinon - the art & science of good journalism died when Twitter became a major platform for newsrooms. Where there use to be a really big push to take it easy, take thing slow to make sure we get the numbers / figures/ facts correct - modern day journalists are SO quick to tweet something out - even if it is speculation. Many of the journalists I have worked with a) Thrive of being a "Blue Ticker" - it gives them purpose and meaning, and B) Get dopamine hits from how many likes / retweets they get from their tweet. + +This is also why we have seen a HEAVY increase in the last few years of what I call "Activist Journalists". People that tweet things to get reactions because they crave the attention. I think we all know one ass clown that craves attention in the financial world more than most - that clown Cramer. + + +I have had some journalists sit down with me, and spend a ridiculous amount of time coming up with snarky ways to say something - they get their thesaurus app out to find words that are longer to sound smarter. It's pretty fucking pathetic. Many of them REALLY get off on being popular on Twitter. + +&#x200B; + +**RELATIONSHIPS** + +First - a picture. + +[\\"Journalist\\" Andrew Ross-Sorkin with Shitadel Leader Kenneth](https://preview.redd.it/yhr9dhlcnza71.jpg?width=719&format=pjpg&auto=webp&s=65ff83899461b7e08987bcb3e0d1e3616b535b7d) + +Many time people go into this industry with good intentions - but the system gets ahold of them and changes them into someone they never thought they could be. + + +You can see the relationships between some people who call themselves journalists, and the likes of Ken Griffen easily if you notice the signs to look for. First of all the body language in this picture above to me says they are much closer than just a Billionaire investor & journalist. + + +Secondly, many times you will notice the ONLY person on a tv network that always has the exclusives with a certain person is the same person. Look at during the January fuckery how many times Andrew Ross-Sorkin was the guy saying "I am hearing Melvin Capital has closed their positions" "I am hearing Citadel is stronger then ever" + + +Its because these people usually have the dudes phone number and are getting texts directly from them. And just like the twitter thing - instead of being a good journalist and asking for proof, or checking another source, they just believe it blindly because they want to a) Help their powerful friend and B) Be the big hero and be first. It's a two way relationship - they both get something out of it. +[https://www.cnbc.com/video/2018/07/23/hedge-fund-billionaire-ken-griffin-markets-bitcoin-real-estate.html](https://www.cnbc.com/video/2018/07/23/hedge-fund-billionaire-ken-griffin-markets-bitcoin-real-estate.html) + +[https://www.cnbc.com/video/2021/02/19/citadel-ceo-ken-griffin-i-dont-see-aeconomic-underpinninga-of-cryptocurrencies.html](https://www.cnbc.com/video/2021/02/19/citadel-ceo-ken-griffin-i-dont-see-aeconomic-underpinninga-of-cryptocurrencies.html) + +He even admits in this clip that he took a phone call from Gabe Plotkin and just went on his word that he closed out of GME completely. + +[**https://www.youtube.com/watch?v=1HYBo5teFTU**](https://www.youtube.com/watch?v=1HYBo5teFTU) + +I tell you one thing - I would fucking LOVE to get Andrew & Gabe under oath and have legal discovery on what was said between them during January, I think it would be very telling of the true situation we are in today. + + +Any journalist worth half their salt would have asked for additional proof before going on air to say "Yup, they closed their position yesterday" - I smell bullshit. + +**I HAVE NO IDEA WHAT I AM DOING** + +[When Payday?](https://preview.redd.it/9mi5uy32tza71.png?width=455&format=png&auto=webp&s=12b1674d7865397ed9df717f7649e8f999df83f5) + +Another major problem in this industry is we are hiring people with no life or work experience at all. They come into these organisations, told they are God's gift to the world - and told to start doing journalism. They have no understanding of how the real world works, or how real working class people live or survive. + +I cant go into names, but I had a discussion with a person years ago with knowledge of the industry about how many financial journalists actually understand what the fuck is happening - and they said many of them don't understand anything past the basics. + + +**This is why this sub has impressed me so much - You're looking at data, graphs, charts and SEC filings in a way no journalist has.** + +These people are meant to be financial journalists, and many of these people couldn't read a chart or SEC filing to save their life. I cant read charts or candles - and I will be the first to admit that. And I would NEVER get on a soapbox and pretend I knew what was happening from XYZ chart. But many of these people do... when in reality they are just getting their information from either a press release, or the very people who have vested interest in a story being portrayed a certain way. + +&#x200B; + +**CONCLUSION** + +I feel like I am dragging on a bit - and I am talking like a crazy person, but I don't really know what else to say. + + +I really just wanted this group to know that the level of research - and the level of peer reviewed research is some of the best I have ever seen. The media don't understand it, they don't get it. Maybe they will after MOASS - but I don't think they will. + + +I have personally put everything into this basket - I have looked at all the information on hand as a journalist, and as an investor - and I continue coming back to the only conclusion there is. + + +I don't want this to turn into an AMA - but if you have any questions, please just submit a comment below. + + +MOASS soon. Have faith! +Went to an auction today in Melbourne. The listed price was 900-990 (the 10% range agents have to quote) however at the auction we found out the reserve price was 1.2 million (20% above the maximum range) with the property selling for 1.25 million. + +Surely this is the text book example of under quoting if the reserve was 1.2 right? + +Can anyone point me in the right direction on how agents are able to get away with this? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +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) +I love discovering new things, and cryptocurrency is one of those interesting things that I have discovered, and that is why I am always writing about one crypto project or another. +After being in the crypto space for a while, I have some experience with the good, the bad, and the unstable ones, and so I have made it a duty to bring to light some reliable and trustworthy crypto projects within the crypto community. + +During my search for amazing crypto projects that are stress-free, I saw one that has amazing prospects, and it offers users some nice and profitable benefits. There are so many DeFi projects out there, but there is something about this one that makes it different from the others, and it is that uniqueness that made me decide to talk about it. + +Amnext is a next level DeFi project that not only provides users with investment services, but it also makes saving interesting for them by offering lotteries. +Amnext is a Binance Smart Chain based platform that allows users save in a fun and secure way. There are two types of lotteries offered by the project; one of them involves getting rewards for referring more people to the platform. The rewards include the Lifetime Lottery Ticket that grants you access to the lottery draws for a lifetime. +The other lottery involves your contributions to the liquidity pools; when you donate to the pool, it puts you in a position where you will get the No-Loss Tickets that entitles you to win prizes from the prize pools, and it is important to note that your investments are not affected even if you do not win the lottery. + +**Benefits** + +Amnext has the interests of users at heart, and that is why they have made a platform with amazing benefits: + +· With the Lifetime tickets, you are eligible to participate in the lottery for life. + +· You will be rewarded for contributing to the liquidity pools. + +· Your investments remain, even when you do not win the lottery. + +· With the AMC machine, yield prizes for the AMC Prize Pool and the AMC Lifetime Pool will be generated, based on the interests accrued on the liquidity pool. + +· You will gain access to services like Yield Sources, Loot Box, AMC Machine, Lifetime Ticket, + +There are different benefits, and Amnext has all it takes to be a strong project with a bright future. + +Website : [https://amnext.io/](https://amnext.io/) + +Telegram group : [https://t.me/amnext\_official](https://t.me/amnext_official) +Being FAT means you can get the latest and greatest of most anything, but how do you go about getting rid of the previous thing? Your old television or bicycle or camper or skis or clothes or UTV or boat, etc. I hate having to haggle with people, I don't want randos coming to my house, and I don't want to put the time and effort into selling it online (taking photos, writing description, packing and shipping, all that). But it's all perfectly good stuff that somebody would probably love to have, if you could get it in front of them somehow. + +As it is now, I just seem to accumulate stuff - I think I have a dozen bicycles, for instance (and a new one arriving tomorrow). + +I wonder if someone who liked the haggle and online stuff could work a commission based business helping FAT people dispose of stuff they outgrew. + +How do you keep from being buried by your stuff? +**TA;DR** Hedgies R Fukt. Merrick fucks. The DOJ doesn't announce cases, especially under Merrick Garland, unless you're fucked. Continue tit jacking. + +Right now, the United States Attorney General is Merrick Garland. Merrick Garland went to Harvard, then Harvard law. He was up for a Supreme Court nomination (another story for another sub) but is now the Attorney General. + +Briefest of history: He supervised the Oklahoma City bombing, Ted Kaczynski (the "Unabomber"), and the Atlanta Olympics bombings cases. + +There were no leaks until indictments. They were all successfully prosecuted. Wall Street knows this. This weekend is a long weekend, the market is closed Monday, but imagine how long it will be for all those employees working 24/7. Let's light up some skyscapers. + + + +edit credit to u/Born_Gain_817: AND... his Deputy Attorney General, #2 in charge, is Lisa Monaco. She graduated from the prestigious Winsor School in Boston, and also got a degree from Harvard as well. From 2001 to 2007, she was an Assistant U.S. Attorney in the United States Attorney's office for the District of Columbia and was appointed as a member of the Justice Department's Enron Task Force, co-leading the trial team in the prosecution of five former Enron executives from 2004 to 2006. Monaco received Department of Justice Awards for Special Achievement in 2002, 2003 and 2005. + +On January 25, 2013, President Barack Obama announced he would name Monaco to be his assistant to the president for homeland security and counterterrorism, the chief counterterrorism advisor to the President. In the Homeland Security Advisor role, Monaco was also President Obama's chief cybersecurity advisor. She drove the policy decision to create the Cyber Threat Intelligence Integration Center in the Office of the Director of National Intelligence in 2015, to provide integrated all-source analysis of intelligence on foreign cyber threats and incidents affecting U.S. national interests similar to the National Counterterrorism Center on terrorist threats. + +Also, over her tenure as President Obama's chief homeland security advisor, Monaco managed the United States response to Ebola and coordinated whole-of-government preparedness efforts to prevent its spread in the United States. Monaco was also responsible for recovering the majority of ransom in crypto, paid to the Colonial Pipeline ransomware hackers. And you can find a plethora of her speeches on YouTube. One to consider watching is her recent address to Corporate White-Collar Criminals engaging in financial crimes ha. I would shit my pants if I were shorts. She is a scary woman. +1929 market crash, 1987 Black Monday, 2001 dotcom bubble and 2008 housing market crash. (Speculation here but another housing crash is most likely going to happen once people can start getting evicted for not paying when the covid eviction restrictions expire.) + +Wallstreet hasn't changed, when there is another crash, there will be a bailout (again), high ranking CEOs will get fat bonuses (again) and no one will go to jail (again). And really, who can blame them? The SEC hands out trivial fines that are essentially bribes. Wallstreet is happy, SEC is happy, the Fed, in general, is happy and the tax payers get pushed further into a serf class. It was all good in the hood until apes got involved. Now, those high ranking CEOs might actually have to answer to someone as all that money is going to people that aren't in the club and will be used to help people instead of hoarded away. + +I've seen a small amount of people say that POTUS and his administration are with us. They aren't, they don't give one solitary fuck about any of us. Actions speak a hell of a lot louder than words. We're up to, what, 6 trillion in "covid relief"? Where's that money going? Not out to the people racking up debt in these trying times. They could give everyone in the US roughly $20,000 with what they've spent. I know I (and millions of families) could've used that to get some medical bills, car loans and credit cards paid off to cut down on some of my monthly bills. + +If you want more proof, the DTCC is putting in all these rules to ultimately do what? To make sure the Fed isn't the one holding the bag and can retain some amount of power. No one knows more than the government that money is power. The last thing they want are hundreds of thousands if not millions of people being able to have the means to go do whatever the fuck they want while telling those in power to go fuck themselves sideways. No one actually wants this to happen as it completely upends and destroys the power structure in place. + +The only time you will see meaningful action on something is when the pain of consequence is greater than the pain of change. There must be waaaay more going on behind the scenes for the DTCC to be acting with a swiftness like it is. To quote Neil Patrick Harris "It's afraid!" + +This is the one chance to actually get some accountability for this mess they've made and I'm holding until someone goes to jail for this shit show. + +Power to the players. Profits to the people +I just don't get it. The post could be literally just ***"DD: hey guys invest in stock X, because I think they have a cool name or somethin' idk lol. Anyway, to the moon!!!111!"*** and it would still somehow get 10k upvotes and 2 billion awards. +I'm a Canadian recently into the stock market. I've been paying much closer attention to business and government as a result, but I'm still not clear what Fannie and Freddie actually do (or perhaps did is the better choice). + +I've read their wiki's and whatnot, but I'm finding it hard to really understand what it is they did, and how they screwed up so badly at it. + +I also see their stock has gone from ~80 per share to 30 cents, is it worth even looking in that direction, or are these organizations dead? + +Thanks! +3 hour flight between 2 west coast cities. Round trip. 2 passenger, 2 pilots. ~$25k. First time, not sure if I need to tip and how much is customary. Appreciate anyone with experience/insight. +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/) + +&#x200B; + +&#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. + +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.* + +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). + +***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:** + +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** + +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; + +**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; + +&#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. + +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** + +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... + +REMEMBER NO COINCIDENCES + +BTW look what's just around the corner of the Solow building + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**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 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. + +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? + +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.** + +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 💎✋🦍 +“Get out now.” + +That’s the advice the CEO of NAB has given to homeowners who are struggling to make their repayments. + +Yes, in his quarterly trading update last week, NAB’s new-ish chief, Ross McEwan, warned: + +“There will be some circumstances where people are better off selling out early and taking some equity out of their homes, or keeping some equity, before it disappears.” + +While most of the media didn’t give his words much attention, there are two good reasons that you and I should: + +First, because in all the years I’ve been doing this column I’ve never heard a bank boss speak so candidly. + +Bank bosses are basically politicians: they get parachuted into the top job, stay there for five years, and rocket out with $40 million. Their main job is to stick to the script: “keep lending”. (And we’ve all witnessed how bad things go when bank bosses go off script, like getting into wealth management.) + +So why is NAB’s CEO sticking his neck out? + +Well, that brings me to my second point: he obviously doesn’t like what he sees on the horizon. + +And know this: McEwan isn’t peering into a cloudy crystal ball. Over the years NAB has invested billions into tracking its customers’ every financial move. In fact, all the banks have incredibly detailed customer analytics that tell them what people are doing — or not doing — with their money, in real time. + +Now, according to the banking regulator, APRA, roughly 1 in 10 mortgages in Australia are paused. + +Which gets me thinking ... + +On one side, how long can the banks cop 10% of their customers not paying? + +On the other, when will customers who are really struggling finally bite the bullet? + +It’s a grim situation. + +My hunch is that the banks are betting that the overwhelming majority of their customers will get through this. Yet they also know a small number of their customers won’t, and so they (well at least Ross McEwan) are turning up the heat on them. + +My advice? + +Please don’t misquote me: I am not saying you should sell your home. + +What I am saying is don’t be a frog … if you were in hot water before COVID hit, don’t just sit there bubbling away. + +We’re still early on in this crisis, and you have more options than you think. And if you want someone independent (and free!) to walk beside you and carefully lay out your options, call the National Debt Helpline on 1800 007 007 and speak to a financial counsellor (like me) immediately. + +The last word goes to McEwan: + +“We’ve seen in other crises around the world, when people try to hold on they end up walking away with nothing.” + +Don’t say you haven’t been warned. + +Tread Your Own Path! + **DxSale 17.08.** Check out our **new website** [here](https://www.nasatoken.io/) for the countdown 🔥 + + Over the past few weeks **NASA** has been busy creating a new token to address vulnerabilities discovered in the old smart contract. During this short hiatus, NASA has also used this opportunity to revamp their tokenomics in order to better facilitate their use cases, rebrand their image, realign their goals, redesign their website and much, much more. + +**NASA** or Not Another Shit Altcoin is a token deployed on the Binance Smart Chain network that utilizes the raw power of memes, transparency, innovation and pure fundamentals to facilitate its goal of becoming "The Dependable Memecoin". + +&#x200B; + +✨\*\*WANT TO WIN A PS5? OR SOME SWEET NASA MERCH? 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She loves Floki Love**♥️ + +[**https://vimeo.com/669309591**](https://vimeo.com/669309591) + +🚀 **Key** **Features** 🚀 + +* Massive Rewards +* Paid Cruise Giveaway +* Game Contest & Rewards +* Strong Non Toxic Community +* Celebrity Shoutout’s +* Experienced DEV +* Strong Marketing Camaign +* LOCKED LIQUIDITY +* STRONG ROADMAP + +🔥**Tokenomics** 🔥 + +**Total Supply**: 1,000,000,000,000 + +**Slippage = 12%** + +4% **Marketing & Giveaways** + +4% **Holder Rewards** + +3% **Auto Liquidity** + +1% **Buy Back** + +**Social Media’s**⬇️ + +💬 [https://t.me/FlokiLoveToken](https://t.me/FlokiLoveToken) + +🌐 [https://www.lovetokens.co/](https://www.lovetokens.co/) + +🐦 https://twitter.com/FlokiLoveToken +7 months ago I kind of of took the plunge into working for myself, got an ABN and did some subcontracting work using all of they're equipment (except for basic hand tools like hammers, screwdriver's etc) and that has lead to my small welding business taking off pretty good, I've put about 10k into equipment so far, and made enough back to pay for that plus a lot extra. + + +I just landed a maintenance contract for a pretty large client that I've been doing work for for a few months, I was doing bits and pieces here and there 1-3 days a week, but this will be full time hours or more, hourly hire plus expenses (consumables and materials, no quoted work), and I now seem to be in a position to not go back to my industry as an employee at all, its kind of nuts how quickly its happened and I was expecting it. + + +I also now need to buy like 30k worth or equipment, which i can buy without loans, but its kinda hitting me how big this is. +I AIN'T HEAR NO BELL + +You do realize you're fucking with the most irrational collection of individuals in the entire market, right? We're used to red days. Most of us are colorblind and can't tell the difference anyways. Some literally get off on loss, others are completely desensitized to it. Many of us have been in this shit since $10-$40. Conviction is way too strong to sell at a measly $130. That ladder was pretty sick today, ngl, you might've grabbed some paper handers/newblood, but do you think we're fucking BLIND? WE CAN SEE THE TRADING VOLUME. Even though many of us can't buy today, good luck finding enough sellers. Once the floodgates are open, WE LIKE THE STOCK, so people will buy the hell out of it. Hedgies should double down again, I really want that $5k per share. Holding till the bitter end. +I've heard this a lot and it makes me iffy about trying it, but from what I've looked into it seems pretty simple tbh just find a good strategy and get some of the psychology down (don't trade with emotions etc.) + +so I guess I'm wondering if I can make a full-time income doing it? +[Unprecedented turmoil in the markets right now](https://www.cnbc.com/2020/03/11/futures-are-steady-wednesday-night-after-dow-closes-in-bear-market-traders-await-trump.html) +Bought a good chunk of the Medical Cannabis and Wellbeing ETF at the start of the year. It's been fairly flat, posting some decent returns and a few dips, but largely boring.......until today. + +7% increase not long before close. + +Anyone know why? Or even better can point me in the direction of answering these kind of questions myself? + +Edit - So, spent the evening digging about google - [https://www.healtheuropa.eu/recommendations-for-uk-cannabis-industry/107851/](https://www.healtheuropa.eu/recommendations-for-uk-cannabis-industry/107851/) + +& + +[https://www.prnewswire.com/news-releases/jazz-pharmaceuticals-completes-acquisition-of-gw-pharmaceuticals-plc-301284512.html](https://www.prnewswire.com/news-releases/jazz-pharmaceuticals-completes-acquisition-of-gw-pharmaceuticals-plc-301284512.html) + +&#x200B; +While I am just beginning on my way to FIRE, this thought has crept in my mind. My parents had three children, made middle class to upper middle class money, But essentially paid for their three children to go to private colleges to the tune of approximately $400,000. My dad just retired at Age 62. I'm curious, do people here plan to pay for their children's education? My parents were extremely generous in paying for the majority of my education and put me into a position to succeed, and I'd like to do the same for any children i may have. Does this completely derail the ability to FIRE? +I'm a data engineer in Italy since March 2019 when I graduated in Computer engineering. Actually, I live with my gf and I followed all the first steps of the personal finance flowchart. + +We pay home rent and I have one debt that is car loan (6 years). I'm savings 15% of my income every month and I have a retirement account with my company (2% every month). In addiction, I have 1 month emergency fund. + +Now, my gf has a job, our home is ok for us and I'm looking for more money that I can invest. I think I should to invest to myself but I'm little confuse right now because I didn't focus a goal. Let me explain... + +I come from a very poor family. I worked really hard to graduate and I don't have any money problem. I lived all my life with money problems, with some days with no food to eat. sS now I'm really happy of what I have. Now, I want to become richer for having a new home in 5-10 years, have kids and still have no money problem but these goals are very far from today so I don't have idea how to reach them. + +Sorry for my english I try my best. :) +\*Beginner Alert\* + +&#x200B; + +Hi , + +How do you guys research small cap stocks for big gains + +like for example this stock GPV.V is 32$ now from 2$ 6 months ago. + +I know no one has a crystal ball but how do you guys get in early and see the potential + +what kind of educated guess or assumtion or data you guys look at what is your methodology to + +spot entry points early. Or is it all pure speculative like you see this stock 6 months before over here + +on reddit or at a Facebook group and took a wild / blind kind of a risk. Do you guys follow some small + +cap Canadian gurus ?etc etc etc. + +Please share your strategy which as worked for you and on which stock. + +Would really appreciate some help on this. +I've found it interesting (though often discouraging) to read about others Algo Trade experiences. Unlike most, I've been coding for 25-years and have a nearly decade of experience with Amazon competitive pricing algorithms. So, I feel uniquely qualified to undertake this challenge. + +The last 60-days has been an interesting journey. The first issue was the data providers (recommended by others here). I found much of their data to be total garbage, and that was an added frustration on top of the costs, and BS throttles/limits. The best I've found is [eoddata.com](https://eoddata.com). The data is clean and accurate, and I believe free if not using the API to download the CSV. + +After finally getting some usable data, I've spend much of the last two months modeling terabytes of it. I erroneously believed that AI could make predictions or I would find patterns for algorithms. Instead, the conclusion is... it's all random! Nearly every conceivable possibility resulted in a score of 50/50 - a coin toss! That was a huge revelation. + +To test the Coin Toss Hypothesis, I picked 10 stocks at random that closed up, 10 that closed down, and another 10 at total random, for 3 days. The results were 53/57/54% were up the next day. Nearly identical to the results of my modeled AI and Algos. + +The only outside indicator I've found reliably moving stocks is the news. On average positive and neutral stories move stocks up. Most of the providers suck at classification though. Even simple classifications such as "is it related to this stock?" they get wrong a lot. I think to succeed at this would require AI with natural language ability. Perhaps OpenAI. + +What I decided to do was go back to the supercomputers and run thousands of simulations as if this was a game and the goal is to earn points ($). I gave it just a few simple rules governing account balance and buying more on dips to amortize the position. I gave it $1000 balance to test each stock (NYSE/NASDAQ) and the results are truly unbelievable. When I do an audit (random selection), their accurate. Had I actually bought X shares at Y times they would have produced Z results. + +Over the weekend I just got the data from the latest simulation. It generated TRILLIONS in simulated earnings. I still need to review it in more depth, run more simulations/audits, etc, but this seams like the way to do it. + +I'm still a ways away from trading live. Want to do more research. But I hope you find this information interesting, as I sure did. I'm sharing my general research because 99% of all the money is owned by 1% of the people. Lets take some back! +So I’ve never been the best with money only in the recent year have I been able to have a secure job and build my own savings, instead of living paycheck to paycheck. My own saving stand at about 9k with 1k of disposable income but I recently learned I’m about to come into a larger amount of money, not huge in the grand scheme of things but enough that I am uncomfortable about it and a little lost about how I want to use it for my future. I mean honestly my long term goal is to buy a house with my boyfriend but not until we’re married we’ve only been dating a year so I wouldn’t want to sign a mortgage or anything with him right now, I just recently started to establish credit so I also want to take a couple of years to build up my credit I’m thinking maybe financing a car? I have no clue about investing or good ideas to use this money for so please do tell. +&#x200B; + +I recently found that the next step for the GMERICA trademark is in the process. See my post [here](https://www.reddit.com/r/Superstonk/comments/uxmmey/gmerica_trademark_updated_today_progress_being/) + +There were lots of questions about what this means etc. This led me to look into things a bit more and see what I could find. + +I realized that GMERICA isn't just registered with the US! As you can see its currently pending in Canada as well : + +[source](https://tsdr.uspto.gov/caseviewer/assignments?caseId=90897211&docIndex=0&searchprefix=sn#docIndex=0) + +https://preview.redd.it/imwbg7tu5o191.png?width=889&format=png&auto=webp&s=ce5e1dccdd2449f6530698a8296581aae3732ddc + +&#x200B; + +This got me thinking, "Shit well I haven't even bothered to see what their trademark process was like". + +BTW their site is better looking : + +[source](https://www.ic.gc.ca/app/opic-cipo/trdmrks/srch/viewTrademark?id=2128837&lang=eng&tab=reg&posNum=1&search=%7B%22selectField1%22%3A%22all%22%2C%22textField1%22%3A%22gmerica%22%2C%22category%22%3A%22%22%2C%22type%22%3A%22%22%2C%22status%22%3A%22%22%2C%22viennaField%22%3A%5B%5D%2C%22searchDates%22%3A%5B%5D%2C%22selectMaxDoc%22%3A%22500%22%2C%22language%22%3A%22eng%22%7D&length=25&start=0) + +https://preview.redd.it/jzb7hl746o191.png?width=1513&format=png&auto=webp&s=c26acab7c0c6640155ee44b9574522004faee842 + +&#x200B; + +&#x200B; + +So it looks like they may be a little behind the US in getting this trademark to the next step...BUT WAIT + +On May 3, 2022 Canada implemented a way to fast track stuff to quicken the process for things: + +[source](https://onpractice.law.com/4050095/expediting-examination-pre-assessment-letters?slreturn=2022-05-25T18:45:27+00:00) + +https://preview.redd.it/9bnhuv9m6o191.png?width=1046&format=png&auto=webp&s=70a2f3738375491ade6dcf1903773f7375626f20 + +&#x200B; + +https://preview.redd.it/un8vmkvw6o191.png?width=1094&format=png&auto=webp&s=c5a0529dadf02cc49be40112f1d452cc3528e655 + +So if you send this letter addressing any misclassification issues it will quicken the process for the Trademark to get registered. + +WELL LOOK WHAT GAMESTOP SUBMITTED ON MAY 13th + +[Source- at the bottom](https://www.ic.gc.ca/app/opic-cipo/trdmrks/srch/viewTrademark?id=2128837&lang=eng&tab=reg&posNum=1&search=%7B%22selectField1%22%3A%22all%22%2C%22textField1%22%3A%22gmerica%22%2C%22category%22%3A%22%22%2C%22type%22%3A%22%22%2C%22status%22%3A%22%22%2C%22viennaField%22%3A%5B%5D%2C%22searchDates%22%3A%5B%5D%2C%22selectMaxDoc%22%3A%22500%22%2C%22language%22%3A%22eng%22%7D&length=25&start=0) + +https://preview.redd.it/7j9zm3647o191.png?width=1468&format=png&auto=webp&s=15e66c5fbe87d52e7701af3b3f4b671bf36aa05d + +&#x200B; + +So if you look at the first image (and its the same for the US trademark) Gmerica is listed as selling goods and services with toys and clothes and shit. Well now they are saying "Actually no its not that, were going to retire that so you can quicken the process and approve this shit" + +&#x200B; + +**TLDR: So GMERICA is not about any goods or services such as clothing, toys etc. SO WHAT THE FUCK IS IT? They seem pretty adamant on this trademark getting processed and in a timely manner.** +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +So, recently my apartment complex was bought by a different company. Days before this, I resigned my lease at $1181/month. + +The new rate for apartments is $1580/month, which is what they're trying to charge me. I know that I am not legally required to pay that. + +I went into the leasing office 2 days ago to get this sorted out. After arguing with an employee for a bit, she produced my lease which I signed saying my rent should be $1181/month. She said it would be rectified on my payment portal by today, it has not been fixed yet. I will be going back to the leasing office I guess, but I am curious about what to do if it does NOT get fixed by today. + + +Should I + +A: make the "correct" payment of $1181 + +B: do nothing until this gets fixed on their side + +C: may the "full" payment of $1580 and expect it to be credited to my payment for next month to avoid "late" fees. + + +Note, I am position there are no other fees or anything that makes my rent look higher for just this month. They already acknowledged my rent should not be this high. + + +Update: I emailed the leasing office today that I had sent the rent for the correct amount and politely asked once again, that they fix my rent just so that I had this in writing. + +They fixed it within 30 minutes after that. There will be no legal battle thank god. Thank you Reddit. +**Wow. Thank you to everyone who upvoted and commented with advice! I truly appreciate the help! I'll post an update with the resolution.** + +\*Correction, they set up a Simple IRA, and I meant earnings, not interest. + +The CFO of my company was fired recently, and after she left it was found out she never set up my Simple IRA. The contributions were coming out of my check every 2 weeks, but they never went into my Fidelity account. (Yes, I had tried to get an answer on where my funds were going for a year, she assured me it was set up but was having trouble getting the info with covid, etc., then went on maternity leave, etc. Basically just lying for months.) + +My employer wants to make it right, but I want to check that my calculations are correct. Is there a way to determine how much in earnings were lost for the year based on my contributions and the 3% they were to match? My salary is variable as I have a base + commissions. Obviously the market did very well 2021, and I feel they owe me an average of the market return. Anyone have a formula to calculate the lost earnings? + +EDIT: Thanks for the advice everyone! I'm requesting the CPA they hired do the calculations and provide me with the information on what I lost out on. + +&#x200B; + +EDIT 2: + +​You all sound 100x smarter than I am. This is all very confusing and upsetting. If anyone is a whiz and wants a challenge, here are my payroll deductions and dates. 😬 They have deposited a total of \~$3800 into my IRA account since 12/15/21. + +\* It would have been going to FSKAX in Fidelity had I had the chance to choose the allocation. They match up to 3% of my salary. My 2021 Wages were $69,341. + +They opened the account with $1000 and made these deposits last month: + +Opened account with beginning balance of $1000 on 12/31/21. + +12/31 $588.20 + +12/31 $588.20 + +12/17 $249.90 + +12/17 $249.90 + +12/15 $536.85 + +12/15 $536.85 + +&#x200B; + +My payroll deductions: + +11/20/2020 $60.00 + +12/4/2020 $64.70 + +12/18/2020 $60.90 + +12/31/2020 $64.30 + +1/15/2021 $95.76 + +1/29/2021 $63.58 + +2/12/2021 $64.50 + +2/26/2021 $64.45 + +3/12/2021 $64.50 + +3/26/2021 $72.80 + +4/9/2021 $71.61 + +4/23/2021 $89.03 + +5/7/2021 $122.66 + +5/21/2021 $87.96 + +6/4/2021 $105.08 + +6/18/2021 $60.51 + +7/2/2021 $105.27 + +7/16/2021 $61.75 + +7/30/2021 $61.59 + +8/13/2021 $70.88 + +8/27/2021 $61.93 + +9/10/2021 $64.50 + +9/24/2021 $103.67 + +10/8/2021 $99.97 + +10/22/2021 $83.73 + +11/5/2021 $76.92 + +11/19/2021 $90.67 + +12/3/2021 $69.93 + +12/17/2021 $99.19 + +12/31/2021 $67.79 +Today all the bond yields are dropping: + +* [2Y bond yield dropping -3.8%](https://www.investing.com/rates-bonds/u.s.-2-year-bond-yield) +* [10Y bond yield dropping -4.7%](https://www.investing.com/rates-bonds/u.s.-10-year-bond-yield) +* [20Y bond yield dropping -3.5%](https://www.investing.com/rates-bonds/us-20-year-bond-yield) +* [30Y bond yield dropping -4.2%](https://www.investing.com/rates-bonds/u.s.-30-year-bond-yield) + +As far as I understand this, when bond yield drop that is because investors are buying bonds. When investors buy bonds (more offer than demand) the price of the bond raises, therefore those bonds give lower yield if you purchase them at this value. + +So why is anyone buying bonds when it is expected that the FED is going to announce a raise of interest rates sooner than expected this Wednesday? Can anyone explain this to me? If you expect a market crash you keep cash not buy bonds if you also expect a raise of interest rates. It makes zero sense. +It just occurred to me... + +They're not reporting 49% loss on the short position itself. + +Because like they say you dont lose til you sell. And if they covered, they'd have lost a lot more. The number 49% makes no sense to me as a short position loss the more I think about it. Because it would bankrupt them. They'd be -1000% not -49% + +This occurred to me battling shills. So thank you shills. Once again you fucked yourselves up by not giving up 😂 + +They're reporting a cash loss. + +The cash loss is the interest fees on the short position.......... + +They lost 49% on the INTEREST FEES ALONE. + +That's my theory. Does it make sense? + +Edit: anonymous all seeing eye award. Someone sees the Deep Fucking Value of this theory. +Hey guys this is a bit of a philosophical one but I’m quite proud of my self. I was out with friends and this guy started on me. To be specific, the guy was my rugby coach that has been my coach for years and years. I saw him try to start a fight with my friend and I tried to calm the situation down because I knew both of them. The attention swayed to me and he tried to fight me instead. My Latino thug self said let’s gets this motherfucker, but that Charlie Munger in my head said let’s not be stupid. I listened to Charlie and didn’t get involved and walked away. As a result, I’m home safely, feeling proud of myself for not engaging in petty nonsense that will make we worse. I’m trying to say that investing is more than money, it’s a way of life. Thank you for taking the time to read this. It may seem stupid, but for me to do something like that is monumental :) I hope you see through the money and gain knowledge deeper than the face value of what they talk about. + +Edit: thank you for taking this well. I’m still a young man who needs guidance :) +OG poster u/PlayFree_Bird + +&#x200B; + +Alright, I hate to say it, but there is some less-than-ideal information circulating out there, particularly about the famed "gamma squeeze" we hear so much about these days. I'll get to that. Let's go through the questions you simpletons want to know, as explained by a mouth-breathing fool who has managed to convince you he knows what he's talking about: + +# Did we win today? Is it endgame? + +Kind of. Be patient. + +# In what ways did we win? + +First, there was the obvious victory of bouncing back 65% today after the worst market manipulation I've ever witnessed. We kept the upward momentum going. + +Secondly, every day you finish higher is another day the shorts are underwater. If you are perpetually going up, the walls are closing in on them. + +Finally, a lot of put options expired worthless today while a number of call options expired in-the-money. It's always good to make put holders lose money because you drain the bank accounts of people betting against you. + +# Yes! Call options! We finished above $320 and get a gamma squeeze to infinity now, right? + +No. That's not how this works. Too many people don't quite understand what a gamma squeeze is. + +A gamma squeeze happens when call option sellers (or "writers") have to hedge their naked calls by buying stocks. They do this because the risk of selling naked calls is theoretically infinite if they don't. It's called delta hedging. You don't need to know all the fancy math ("delta" and "gamma" are those greek symbols for nerds), just understand this: as it becomes more probable that the call option you sold will cost you money, you hedge more. + +This is a continuous PROCESS, not a discreet moment in time. The market makers and hedge funds and institutions selling you calls don't wake up on Friday morning and think, "Shit! I think I'm going to lose everything if these stocks keep going up! I have to BUY NOW!!!" That would be stupid. They are hedging all the way up. I guarantee you that most of the calls that were exercised at $320 today were already covered. They already went out and bought those shares and most of the upwards pressure that places on the market is priced in already. + +# So, no gamma squeeze? + +Probably not significantly. They're not going to be madly rushing out on Monday to buy shit they already own for the most part. + +# Why are people talking about a gamma squeeze at $320, then? + +We did have a gamma squeeze at $320. On Wednesday, two days ago. The price exceeded $320 (then the highest strike price on the books) and promptly surged to $371 before coming back down to around $320. That's what a gamma squeeze is: a frenzied rush by call sellers to cover calls. + +It typically happens BEFORE expiration, not after. It's rare for market makers to get so caught with their pants down that they have to get squeezed for the previous week's calls on a Monday. I don't know where this idea of a gamma squeeze now at $320 is coming from. + +# This hurts my feelings. So, what's so great about the $320 threshold, anyway? Did it matter at all? + +It's still a good thing. There may have been a few lingering naked calls to cover. And, like I said, it's always good to make put-holders lose money because stick it to the 🌈🐻, that's why. + +$320 was a significant level because there were quite a few open call options at that strike. You can see the entire option chain here: [https://www.nasdaq.com/market-activity/stocks/gme/option-chain](https://www.nasdaq.com/market-activity/stocks/gme/option-chain) + +Go through and count up all the January 29th options that were in-the-money at today's close. I think maybe 90,000 or something? Screw it, I didn't count. Somebody who can figure out how to use a calculator can add those up. Multiply that number by 100 (because option contracts are sold in groups of 100) and that's how many shares need to change hands thanks to contracts expiring ITM. + +It may be that with so many shares needing to change hands and so little liquidity in this market, some weird things could happen. + +# What weird things? + +Well, if nothing else, a lot of shares will need to be tied up as the process of settling calls plays out. + +You have to remember that when somebody says they own shares, they don't necessarily *own* own the shares right at that moment. + +When you press "buy" on your phone and it says your order was filled, that doesn't mean that the process happens instantaneously. For all intents and purposes as far as you are concerned, sure, the process looks instant. However, there's a lot of messy stuff that happens on the back-end of the system between the brokers and the clearing houses. The clearing houses are where the daily tab gets settled: who owes whom and what they owe and at what price, etc. + +Monday could be interesting as this tab for millions of stocks (in a market with only 50-something million shares actively circulating) gets settled. It might not be crazy, but it could. We'll see. + +Michael Burry (Christian Bale, for all you noobs) seems to think that all the naked short-selling above the float will result in a shit-storm when people actually go to get their shares back: [https://twitter.com/michaeljburry/status/1355221824661983233](https://twitter.com/michaeljburry/status/1355221824661983233) + +Liquidity crunch + lots of shares being moved around + nobody knows where they all are currently = potential nightmare for Wall Street. + +# I just want my infinite short squeeze and my tendies, so how do we get the MOASS? + +Something needs to be the catalyst. Something needs to get the short sellers really underwater, so much so that they are drowning. That's why there's been so much hype about gamma squeezes; the gamma and short squeezes are two separate things, but the gamma squeezing has been really good to us lately. It has triggered some crazy upwards price movements. I still think one was about to happen yesterday morning that would have triggered the squeeze-pocalypse, the Mother of All Short Squeezes. The bastards at the brokerages (acting with and for the clearing houses), took your tendies. It's criminal what played out. + +I actually think a gamma squeeze was possible today, as well, as the price shot up to $378 around noon. If it had gotten to $400, it stood a very good chance of running up to $500, which would have caused a run up to $650 and beyond. Then Robinhood said, "Oh, actually, you plebs cannot buy 5 shares anymore, only 2 now." The price came back down again. + +Oddly enough, the S&P500 sold off over a full percentage point (that's a lot of money) right after GME hit that $378 peak. Do you think this doesn't freak the finance world out? They know a gamma squeeze is like the fuse on a firework. It consumes itself until it ignites the rocket. + +# How will Wall Street defend themselves? + +They will try to keep snipping the fuse. That's what all these restrictions on brokerages are about. They are trying to defuse the situation slowly because having it all get sorted out quickly and frantically is no good for them. + +We need enough upwards price momentum that those option chains keep going up and up and feeding on themselves. They need to become a self-sustaining chain reaction, fed by hedging pressure. And you need to put pressure on your elected representatives to tell them that Wall Street cannot be allowed to just shut down the game when they are losing. I hate to tell you this, but the squeeze has so far been stopped purely by the losers declaring that it will not happen at any cost. It's bullshit. Eat the rich. But there it is. + +# Do you feel you've used the word "squeeze" too much by now? + +Yes. I've been writing and looking at the word "squeeze" so much that it is starting to lose its meaning. Squeeze. Squeeze. Squeeeeeeze. + +&#x200B; + +EDIT: + +TL;DR Shares most likely already bought so no gamma squeeze, doesn't matter anyway 🙌💎🚀 🙌💎🚀 🙌💎🚀 + +EDIT 2: + +STOP THANKING ME FOR THIS POST, RETARDS! Literally the first sentence is me giving credit to the original poster, THANK HIM. +Now that the trading week is over, what are you planning for the week to come? Did you make any gains this week or are you a big loser who blew up their TFSA on wealthsimple trade? + +This is unregulated discussion. Remember this is a community to learn. **Downvotes are discouraged** + +Add 🚀🚀🚀 if you serious +Article link: https://finance.yahoo.com/news/amazon-earnings-162246834.html + +$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 +Hi guys, + +I am really worried about brexit lately, especially after yesterdays' fiasco it starts to look like a hard, no-deal brexit is very likely now. However, I don't really see a lot of panicking in my countrys' media. Actually nowhere. Nobody is talking about imminent doom. + +I am not really educated in this, but to me it looks like a really big deal. If some banks failing caused such a collapse in 2008, wouldn't a massive economy - so closely tied to many other economies - failing cause a big collapse also? + +The reason I am so interested in this is that I will be in between jobs later this year in Lithuania, hoping to make another step in my career. I was still young in 2008, but I can remember how much pain it caused to a lot of people in Europe and how many jobs were lost. + +Someone more educated could calm me down maybe, just a bit? :D +I have $24 for the next 10 days. I’m EXTREMELY stressed and disappointed in myself , as I said I wouldn’t be back here again. I’ve already sold some clothing to make the aforementioned $24 (thanks buffalo exchange) and have taken more hours at work to help me out next paycheck. + +Instead of beating myself up about being in CC debt and living paycheck to paycheck, I’ve decided to highlight things I should be PROUD of here - + +• no student loans +• rent paid +• gas/electrity paid +• phone paid +• live close enough to work to walk / can work from home to save on transit fare +• made minimum payment on CC to avoid late fees. +• Empty fridge, but I can live on pasta and sauce for a week or so. (I’m not sure my partner can, but if he wants a meal, he can pay for groceries or buy us dinner 🤷🏽‍♀️) + + +Having a roof over my head, heat in the cold months, and a phone is a blessing and I won’t let myself lose sight of the positives. + +If you’re having a tough time, you’re not alone. There’s literally 165k subscribed to the sub for a reason. Just count the blessings you have to keep the faith. + +EDIT : hello I posted that on my lunch break and just got off work to a BUNCH of helpful and thoughtful replies. Thank you everyone for your time and suggestions ! + +I quickly googled food pantries near me and there are a few not too far away ! I will be taking full advantage of the blessings and resources within my reach and continue to stay positive. + +Edit #2: AND THANK YOU FOR MY FIRST GOLD ! + +U/cheerfairy made a great post about grocery shopping on a budget ! [check it here ](https://www.reddit.com/r/povertyfinance/comments/aq179d/i_made_a_grocery_list_in_10_increments_so_that/?st=JS3X1ZUA&sh=5f6fbeb9) +I left college at 23 with 80k in student loan debt. Parents had filed for bankruptcy when I was in high school and I had to take the financial burden on myself. Never had much savings. Got into about 8k worth of credit card debt post grad because I didn't have a job (degree in the arts). Landed my first job in entertainment at 24 as a PA making $450/week and have been slowly working my way up over the last 6 years to junior Producer level. Living in a HCOL (LA), it was always tough to save on such low salaries working project to project but I checked mint last night after I got my paycheck deposited and I saw the number. + +&#x200B; + +Net worth: $1,139.99. + +&#x200B; + +Having followed this sub for awhile and working my ass off to save and pay off debt, it feels good to finally be on the right side of the zero. Looking forward to that FI some day. Baby steps. + +&#x200B; + +Edit: Thank you all so much for your kind words and for the generous soul who gilded this! To go into a bit of detail since people are asking, here's how I did it: + +First off, I am not completely out of debt. I still have payments left on the student loan, but I was able to refinance through my universities credit union and got a phenomenal rate so I've slowed down on paying it off (still pay more than the minimum each month). In lieu of aggressively paying it off, I've maxed out my Roth IRA for the last 4 calendar years since the market has been so hot, and that has made me a decent return. I put about $100/week into my savings account for my e-fund and use programs like Acorn to invest with money thats automatically rounded up purchases to the nearest dollar. + +I had one $25k loan that I HAD to pay off in five years through USAA (I got the loan as part of another program I was involved with in college). That disciplined me from the start. I knew I had very little spending money so the only entertainment subscription I had was Netflix and internet. I ate very meagerly, cooked most of my meals at home (though work tends to pick up lunch quite often), picked up hobbies that didn't cost me too much money (like running and hiking). Over the course of the 6 years, I went from about $23k per year to $100k per year through promotions and different projects. I'm frugal. I don't spend money on shopping or clothing outside the essentials. I drive a 2008 Nissan Sentra thats fully paid off. My commute the past few years has been very short, saving a lot of money on gas. I lived with 2 other roommates for 4 years before moving to my own place, getting a killer deal on rent. I have no kids or significant other. + +I try to keep a mindset of not "how much I have" but "how much I have left". That helps me keep a tight budget and not spend extravagantly. I know that I could have saved a lot more over the last several years, but as I made more money, I treated myself a little more to things like travel and electronics. Overall, I'm very comfortable with where I'm at and these past 2 years have allowed me to aggressively save more than I have in the past. I am so excited for what the future will bring. If I can do it as someone who has a degree in theatre, I know others can too! +Just wanted to know how do you guys deal with missed gains when you are trading ? + +For example, since I do not have a large capital yet so as soon as my trades are in the positive, let's say +55$, I will make a stop loss at +50$. Doing so, I assure myself some gains but what usually happens is that it goes under my 50$ stop loss and then it goes up a lot. This is what I call missed gains. + +How to not bother thinking about it and just be happy with what I got ? + +Thanks ! +I'm trading forex and crypto for years and I'm able to pick entry points very well, however, I'm usually pesimistic and always think that the reversal is around the corner and the market will crash. + +The results is that I usually chicken out most of the time and make only lets say 30% of profits I could make if I was more optimistic and didn't expect a crash. + +Right now everyone is absolutely sure that BTC top is not close yet, that bull market just started. Prices are indeed pumping, weekly and monthly candles are bigger and bigger. More prices going up, more I hesitate to hit the buy button. Institutions are buying, they're pouring hundreds of millions, but I don't trust those news, I tend to believe they bought much earlier and now are lying just to make liquidity and dump on naive retail traders. + +I missed so much in the bull run during 2017, because si always tend to sell too early, now it is a bit better, but I'm still thinking every day that we reached the top, always looking looking on charts for reversal signs etc. + +I don't want to be on the wrong side of the market when the reversal happens, but who know when that will happen. Maybe not in months or years. Maybe btc is really going to hit 50k in this cycle? + +Do you have any advices on how to change this mindset and how to cope with fears of the market crash? +I know at the core, this is my own decision but I could use some advice. I have gained a keen passion for learning about trading, the financial markets, and economics over the past few years. I recently graduated with my degree in mechanical engineering, but I think I am now much more interested in pivoting my area of study. I have basic level economic and financial knowledge from self study and a strong mathematical background from my engineering degree. I was wondering which field of study was better suited for gaining trading and investing knowledge in the various financial markets and an understanding of the market forces and economics that influences the movements in/between the markets? +I know they cut the tax rate down to 25%. But don't the vast majority of companies already enjoy a 25% tax rate. Didn't they already announce a tax rate of 25% for companies less than 400 crores a while back? + +Is this euphoria because the government is acting finally or is there a more fundamental reason for the positive sentiment? + +I am trying to decide if I should exit a few of my stocks that suddenly went positive after todays rally. What are your thoughts on exiting some stocks right now or should I wait and this positive sentiment will continue? +https://www.marketwatch.com/story/cathie-wood-uber-and-lyft-missed-the-boat-2020-12-27?mod=investing + +Ark Invest's Cathie Wood isn't betting on Uber Technologies Inc UBER, -1.55% and LYFT Inc LYFT, -2.42% over Tesla Inc TSLA, +2.44%. + +What Happened: Wood, CEO of New York-based Ark Invest, said in a tweet Saturday night that Uber and Lyft missed out on a data opportunity that ties in to AI — and which companies will most benefit from it. + +Wood said the ride-sharing companies "stayed private too long and lost the plot. They could have incentivized their drivers to put sensors on their cars and collect data much faster than even $TSLA." + +The tweet was in response to a question about Ark Invest's portfolio. + +Data collection and AI are closely intertwined because machine learning systems develop faster and with greater precision when they are paired with large data sets. + +Why It Matters: Wood's opinion carries weight. She has become the breakout star of the 2020 bull market as her actively-managed ETFs generate phenomenal returns. Shares of her ARK Innovation ETF ARKK, -1.43% are up over 163% this year. + +ARK has predicted Tesla shares will hit $7,000 in 2024. Tesla is the top holding in the Ark Innovation ETF, at 9.98% of assets. +seems places in the midwest you don’t need much more than $4-5m (excluding home) even with multiple kids barring expenses like health issues and private schools. Even with those, $160k a year seems very easily doable for a family of 4 or 5. + +Being single it seems that money would just go towards upgrading to a new car every year / vacations and other random stuff. + +Any fatties in the midwest who can chime in on their lifestyle and expenses? +Title says it all. Not asking for a handout just honest piece of advice to help them. I’m very stressed out about this. Thank you all for even taking the time to look & respond. +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! + +Considering the big increases in e.g. green energy that took off when it became clear Biden had won the presidency, I wonder if you think everything is priced in, or if the inauguration speech could impact some sectors/stocks if he goes stronger than expected on e.g. tech monopolies, infrastructure invest, green energy. + +&#x200B; + +What are your thoughts? +My fellow apes, I hope you have your feet up on a comfortable couch with a nice glass of whiskey in your hand because I'm going to tell you why you are going to make a lot of money as a GME shareholder, and in the process I'll share my theories as to why MOASS has taken much longer than anticipated and why quite frankly, Ryan Cohen and GameStop need their shareholders to help. + +https://preview.redd.it/w2mgdaztgrb81.jpg?width=2494&format=pjpg&auto=webp&s=79aff0a3fbedb68d6bb2263eaa976e36fcba33c7 + +A little background, you may have seen some of my recent [bulletin](https://www.reddit.com/r/Superstonk/comments/s24foa/i_spend_812_hours_every_day_reading_news_and/?utm_source=share&utm_medium=web2x&context=3) posts or the DD [GameStop's Refurbishment Program is a Big Fucking Deal - $80 BILLION BIG](https://www.reddit.com/r/Superstonk/comments/s37hqm/gamestops_refurbishment_program_is_a_big_fucking/?utm_source=share&utm_medium=web2x&context=3) \- I put in a lot of time daily to researching everything from zero carbon emission crayons to using toilet paper on Mars. My superpower is age and my Achilles heel is being a perfectionist. Ok, now if you find me credible enough to invest 5 minutes of your time, keep reading with Bugs. + +https://preview.redd.it/l9ifou8vgrb81.jpg?width=505&format=pjpg&auto=webp&s=6c48b2ee6561066d3dd9ab33dd72defe334175aa + +There has been a lot of dialogue surrounding DRS (Direct Registration System), but for those who are new, the below is taken directly from [DTCC's website](https://www.dtcc.com/settlement-and-asset-services/securities-processing/direct-registration-system) + +https://preview.redd.it/ngx6z9xygrb81.jpg?width=2602&format=pjpg&auto=webp&s=9420634f4a22fa708918147b63dfb094df6400e6 + +Why does DRS matter? Well, there is a circulating hypothesis that GME along with other stocks have had their float sold multiple times. How one might ask? It doesn't matter. What you should care about is refilling your whiskey and getting back to your wife before she leaves with boyfriend #3. But if you subscribe to the theory of GME having 100,000,000+ shares in circulation and believe there was or is ongoing criminal activity around the stock, then DRS is a strong argument for ending this possible criminal activity. + +In GameStop's most recent [Form-10Q](https://investor.gamestop.com/node/19571/html) filing the company notes that 5.2Mn shares were directly registered with Computershare. + +https://preview.redd.it/r9ldzpn0hrb81.jpg?width=2198&format=pjpg&auto=webp&s=262a8e778d49d5a3e15fa2cc89a672c3f5cbfea0 + +There have been multiple mentions that this is the first instance in history a company has revealed these numbers to the public. I cannot confirm or deny this claim but the fact is that GME released this information to the public, and the fact is that GME released this count before any announcement of an NFT dividend or share recall. I have read countless posts speculating on an NFT dividend and assumption that GME can just issue a share recall but let me share my thoughts on the former and research on the latter. + +https://preview.redd.it/ljgfzwq2hrb81.jpg?width=1800&format=pjpg&auto=webp&s=fdac5780f0389eb514d2b9cbe73439ff019624ca + +The prominent Wu-Tang 1 of 1 that was bought by PleasrDAO ([NY Times](https://www.nytimes.com/2021/10/20/arts/music/wu-tang-clan-once-upon-a-time-in-shaolin.html) article) has been speculated to be part of a GME NFT dividend. Why hasn't this happened? Or was it supposed to ever happen? + +https://preview.redd.it/3ml2ven4hrb81.jpg?width=1066&format=pjpg&auto=webp&s=098d0b6a02054d1dc36904751352daab90add0c6 + +What I do know is that from the research I've read (sorry I don't have links because it's from a long time ago), it appears that if there is no monetary value of a dividend the court can decide on a replacement value. But obviously one can argue that if you split the $4,000,000 acquisition into 76.35Mn ([shares outstanding on Marketwatch](https://www.marketwatch.com/investing/stock/gme?mod=over_search)) equal parts and each part gets bid up to $100, then GME shorts would have to cough up $100 to pay shareholders - is this plausible? Could a judge rule that there is not enough precedence or duration and nullify the appreciation in value in the digital asset? Or maybe a judge would ask to revisit the case after a 200-day moving average has been established? + +There are a lot of unknowns in the NFT dividend speculation and who even knows if the constituents of PleasrDAO want to cash out in a fractional ownership structure? RC might have been a participant in the transaction and bought the album with friends with the intention of offering it as a dividend but MAYBE after more discussions with legal and peers he came to the conclusion that this option was not the best way to deal with any alleged illegal shorting of GME. + +https://preview.redd.it/g96ayof6hrb81.jpg?width=348&format=pjpg&auto=webp&s=3f23d3fae0aa530aa13d21b09df8bce11d60726d + +I hope you've all wiped your asses because now we're going to talk about the share recall that hasn't happened and I could use some help from legal experts to clear up this shit. + +10 months ago, u/DwightSchrute666 made a [post](https://www.reddit.com/r/GME/comments/m9eqv9/clarifying_share_recall_what_is_it_and_how_does/?utm_source=share&utm_medium=web2x&context=3) highlighting the complications in issuing a share recall. In a nut shell, there is no big stiff red button that the Chairman can push to activate a share recall. Sorry, it's not that simple. Lenders such as Fidelity and Blackrock cockblock any effort of a share recall because they are making great returns from borrowing fees and possibly assisting their golf buddies who are caught on the wrong side of this trade; reference this [post](https://www.reddit.com/r/Superstonk/comments/s3blxs/fidelitys_response_to_sec_on_7jan22_tell_me/?utm_source=share&utm_medium=web2x&context=3) where Fidelity comments to the SEC that the Proposed Rule should exclude short positions. + +Smell fishy??? + +https://preview.redd.it/qbhrkd78hrb81.jpg?width=1200&format=pjpg&auto=webp&s=5daf53c98565b7c3fe3c3851c806240d0468d57c + +Now it's time for the wrinkle-brained legalese experts to take the baton. In researching how to initiate a share recall, I wanted to ascertain if 50.1% or 100% of shareholders would need to vote YES. I came across a paper titled "Let the Bear Beware: What Drives Stock Recalls" - [PDF](https://deliverypdf.ssrn.com/delivery.php?ID=986119103022075103091008070108000022008023030035091056091116028064004027078125074117026035013044039111007014098023095014008026007007000016092111000030070006095087091037051036066117094107068092097018005083006086002065116117070010004095029090085006090122&EXT=pdf&INDEX=TRUE) link download here. I haven't had a chance to read through the entire document but I did come across this section on PG 8: + +[PG. 8](https://preview.redd.it/ktr1q6p9hrb81.jpg?width=1170&format=pjpg&auto=webp&s=ffa8798678cda3de0fa8fef364f18a54b600b393) + +The way I interpret this highlight is IF Fidelity or any other broker can locate a replacement share then the recall fails because there is no forced liquidation / short position being closed. Using some logic here, this argument holds for shares in circulation > 1. But if Company X has 100 outstanding shares and 99 have been DRS'd, then there is no justification that the broker for the SHF can find a replacement. So this leads me to conclude a similar sentiment to u/YurMotherWasAHamster + +https://preview.redd.it/uqldqphchrb81.jpg?width=1170&format=pjpg&auto=webp&s=0c09ca3b256b59937d13691d7b54e26ec7f5ee9e + +If criminal activity "abusive naked shorting" exists with GME stock, then what would make the criminal(s) stop? Again, I do not have the answer, but it appears that if GameStop is able to present a list of shareholders who have registered 100% of the outstanding shares (+/- 1) in their names, then the company can formally issue a share recall. In reality, GameStop probably doesn't need 100% of outstanding shares to be registered by retail. If all of the company's insiders DRS'd their shares then the difference in OUTSTANDING SHARES - INSIDERS HOLDINGS = what retail would need to DRS to activate the KILL SHOT. But can we expect all insiders to DRS? + +https://preview.redd.it/nny2bcrfhrb81.jpg?width=1066&format=pjpg&auto=webp&s=03ec193b35301627958b5b177640ea01f29e51f7 + +So in conclusion, it is my belief that a company such as GameStop can be subject to abusive naked shorting and be powerless even if the company has $1,000,000,000 in the bank to hire the best lawyers. RC might be wall street's darling with a real turnaround strategy for GameStop, but let's be real, Kenneth Cordele Griffin is worth $20Bn+ and has been in the game long enough to have the most powerful and influential contacts in the financial and political spheres. No one knows who all the bad actors are in this unfolding Hollywood drama but for the first time in history it appears that a public company could have 100% of its outstanding shares DRS'd. + +Disclosure: I have not DRS'd yet but come next Tuesday Fidelity is going to have a fu\*\*\*\*\* surprise. I will post my purple ring when it arrives in the mail and continue to share my DD / research which I believe will benefit both GameStop and its shareholders. +I've been holding since the second peak of Mt. FUD in January. Catalysts came and went, and Shitadel shorted GME to hell and back, every. single. time. I said this months ago now, but I'll say it again: You almost have to give Shitadel some credit for their relentless consistency and adherence to strategy. In the light of how absolutely futile their efforts are, they are in fact, more retarded than we are. They'd gladly YOLO the entire US economy into the blackhole that is GME, if the DTCC, OCC, and so on hadn't gone "OH FUG :DDD Shitdal gone nuglear xDD" and slowly tried to cover their own asses in time. + +Now the sad thing is that Ken is probably not checking GME as feverishly as apes are. He's probably way more busy gobbling schlong on people that he needs to stay good friends with, while moving wealth into IRS havens. Shitadel's HFT is probably more or less fully automated and operated by someone else. The algo they got running doesn't care about anything, and it will just attempt to keep the price at target price while executing the daily manipulation. It's quite literally just programmed to kick the can day after day after day, no matter what. **This does not change on catalyst days, it only appears to get instructions to be way more aggressive.** Regarding catalyst / good company news days, this just seems to be the standard mode of operation. When I first began, I read comments on other investing subs that it's normal for stocks to dip after good news, decent earning reports, etc, on the reasoning that "better performance was priced in and now its correcting". Bullshit, I'm 100% convinced it's HF and Market Maker short strategy to earn money on retail investors (obviously not 100% of the time). + +But okay, so here's the point: Shitadel is not gonna let a random ass day be the reason they throw in the towel. Ken would probably use his wife as collateral at a sleazy pawnbroker run by sex starved degenerates without blinking, if he could use that money to stay in the game. They have to be forcefully liquidated by external forces putting a foot down saying enough is enough. Anything that costs them money that can be delayed, will be delayed. Anything that costs them money that can be avoided, will be avoided. They simply do not fucking care about the days we look forward to, only in the sense that have to short more aggressively. + +GOOD "NEWS": Shorting GME is extremely expensive, and the financial world is waking up to this fact now. Shitadel is, according to our DD, standing in shit to the nose and the rate of change in daily GME costs is increasing EXPONENTIALLY FOR THEM. The only way to avoid paying back a loan, is to take out a larger loan and use that to pay off the original loan. Every loan that they cannot pay back, they either let eat at their finances, or they cover it with a larger loan until that one also begins eating away. This exponential behavior is slow, initially, but eventually the rate of change will be so fast that Ken will not be able to blink as fast as the zeros adding onto the % change. It's entirely possible that Shitadel could have some last hail mary (oh how many times I've heard this one too) stored away for such an occasion, but as always, they are fuk if retail does not sell. You mostly likely won't have to wait years for this. + +TA;DR: Shitadel doesn't care about catalysts like the shareholder meeting. They won't stop until forced by others to stop, which will happen because it's very expensive to short GME. +All credit to [@etanleibovitz18](https://twitter.com/etanleibovitz18) Twitter for his FOIA and follow-up. + +[https://twitter.com/etanleibovitz18/status/1572323979536510976?s=20&t=-p5NGj21ZJRRjMXl-G-40Q](https://twitter.com/etanleibovitz18/status/1572323979536510976?s=20&t=-p5NGj21ZJRRjMXl-G-40Q) + +&#x200B; + +https://preview.redd.it/4c9wck65t3p91.jpg?width=750&format=pjpg&auto=webp&s=6104ea582cf2a203bf5d1e363b9b7d73fe6eaaf7 + +https://preview.redd.it/28bj8p65t3p91.jpg?width=750&format=pjpg&auto=webp&s=15132f59c8f1e1fec52e29b6bf1804da008ae8d7 + +https://preview.redd.it/g28onp65t3p91.jpg?width=750&format=pjpg&auto=webp&s=6c6c8729c5dcfc5053d490bae89d4c4ce478f14d + +https://preview.redd.it/e7w43k65t3p91.jpg?width=750&format=pjpg&auto=webp&s=6f431b9c6b3465a05022bc52ec57c7fe96cf8937 +This year will mark the 10th consecutive year that AAPL has increased its dividends annually. + +I looked up the numbers, AAPL has a dividend CAGR of 10% for the past 10 years. I don't think anyone doubts that AAPL will become a Dividend Aristocrat. + +Yes, past performance does not predict future performance, but do you believe AAPL can sustain dividend CAGR of 10% in the next 10 years ? + +Would you add AAPL if you had to construct a dividend growth portfolio ? +https://www.marijuanamoment.net/federal-marijuana-legalization-bill-officially-scheduled-for-house-floor-vote-next-week/ +Scheduled for Monday + +As a result, weed stocks are smoking right now. TLRY, SNDL, ACB, OGI, etc are all up double digits. Considering such a high jump, these stocks may already be priced-in. If the bill doesn’t pass, the price is sure to reset. + +With that said, the last time a weed bill went on the floor was in 2020, and it passed the house, but died in committee. + +Is anyone planning to capitalize on this in either direction? IV is pretty high with such volatility +DMM = Designated Market Maker + +This means that they have an obligation to dampen volatility as the DMM and provide two-sided markets during volatile periods. Do you think they will? +I’m a loan processor, and read credit reports all day long. I see massive amounts of student loan debt. Sometimes 5-8 outstanding loans per borrower that they haven’t paid a cent toward in over 2 years. *Big* balances too. + +Once the payments resume, there are going to be hundreds (in some cases thousands) of dollars per borrower coming out of consumer discretionary spending in the US. + +I don’t think for a second that any meaningful loan forgiveness is coming; and if it is, that’s going to cause its own problems. In that case, those dollars are going to be removed from the government instead, and the difference is going to have to be made up somewhere, I’m assuming from higher taxes. + +We’re pretty much “damned if we do, damned if we don’t”, right? +Can’t decide what type of ETF to select. Should I go with a higher dividend fund or something that might average more a year in return. I’ve been looking at XIC, VBAL, VTI, SPY. Any suggestions or advice? +**Bottom Line: Current Marketcap - $40m, Current Price - $0.042 per million** + +Hello, r/CryptoMoonshots! I’m so excited to make this post today, it’s been an amazing week for FOX Finance and I hope some of you had the chance to get bags early on or when we were in our slump a couple weeks back. We’ve had the opportunity to do our first Charity NFT auction in the last week, minting a unique piece of FOX history and sending contributions to SaveAFox.org. + +A quick note about me: My name is Steve, and I’m an IT executive, hobbyist crypto dev, and have been involved with crypto since the early days of BTC (2012, you can check my post history). As a Fox HODLer I became an admin after 5 days and have been working with our founder, Vojtech Pour, on the development of the FOX platform and growth of our token. + +## Let’s talk about FOX 🦊: + +FOX is a deflationary, self-staking token built on the Binance Smart Chain. Yes, we realize there are a lot of those these days, but each one is different and for the most part accomplishes different goals. So here’s the stats on FOX: with every FOX transaction (purchase, sale, transfer), 6% of the transaction is sent to liquidity and locked over a rolling 48 month window. Another 6% is distributed to all token holders based on their total stake in the FOX Token. Included in this automatic staking mechanism is the Burn Wallet which is an inaccessible, out-of-circulation address. As the burn wallet receives more, it grows in stake and therefore receives a larger share of each transaction. Coupled with a 1T Token Burn each of the first 50 days, this presents a powerful and exponential burn mechanic to ensure both stability and growth of FOX over time. + +After the first 50 days, we will assess the FOX mechanics and determine if further burn is required. However, we also have a secondary burn mechanism in effect, with a goal to consistently keep liquidity at 10% of circulating supply. Any unlocked liquidity above that 10% will also be burned. These principles accomplish a number of key goals: + +1. Reduces day-to-day volatility of the FOX Token’s value +2. Provide a mechanism to award FOX holders simply by having FOX in their wallet +3. Creates financial conditions for exponential growth over time +4. Prevents mistreatment of funds through liquidity locking +5. Ensures increased usage of the FOX token, whether by users or by Fox Finance itself, benefits our investors + +Our goal is to create an ecosystem and community of awareness focused on wildlife conservation through our advocacy platform FOXES IN ACTION. + +Since inception, FOXES IN ACTION have performed multiple advocacy campaigns, rewarding the community for tasks such as planting trees and reducing plastic waste through reusable straws. We’ve virtually adopted several foxes through the World Wildlife Fund and provided other financial donations to worldwide wildlife organizations. + +There are many ways you could categorize the FOX Token, but we prefer to think of it as both a Community and Charity Token. We seek to use our token’s economic power to build greater communities of awareness on the Binance Smart Chain, and to make an impact in the world environment through donations, action, and new and emerging blockchain technologies. + +## On the Subject of Rugs 💰: + +Liquidity is locked: [DeepLock deposits](https://deeplock.io/lock/0x3027AD7781700A03496613377152dBa78C38fa55) + +There have been multiple opportunities for Vojtech (Fox Founder) to pull out funds, but he has steadfastly maintained and proven that Fox is not that kind of project. We want to provide full transparency into our accounts which you can check out on BSCScan using these addresses: + +* FOX Token Contract +0xFAd8E46123D7b4e77496491769C167FF894d2ACB +* FOXNFT Contract +0x55c5ac62262aa1810598e1953578ece74c2857ef +* Marketing Wallet +0x84a7672ba74a5a2712a070ea7cfd0c3c4ffda73b +* Dev Wallet +0xc12faf701d05af1cfabdefc770c3b3c7b59eae10 +* Burn Address +0x0000000000000000000000000000000000000001 +* Liquidity Pool +0x3027ad7781700a03496613377152dba78c38fa55 + +## Roadmap! 📈 : + +Obviously we’ve had a number of CEX’s banging at our door asking if we want to list. The admin team is working hard to ensure that our choice is not simply throwing money at the market trying to get listed wherever we can. We’re actively working on the decision process for our first CEX, and for now our price shows that PancakeSwap and 1Inch are definitely doing the job for us and our investors. But getting listed does not a roadmap make. Let’s look at the projects we have on the horizon: + +**Merchandise Marketplace**: Fox Finance is working with AAA Graphic Designers, Game Artists, and 3D designers to bring amazing, cute, and fun merchandise to the market. This merchandise will primarily take on the form of Non Fungible Tokens (NFTs), digital merchandise minted under Fox’s official ERC721-compliant contract FOXNFT. The Fox Marketplace will be a web3 enabled site hosted on foxfinance.io, and will accept FOX for art, gaming, 3D models, and more. + +**Foxes In Action**: We firmly believe in change through action. We run continuous Foxes In Action events, prompting our community and hopeful FOX holders to perform acts of activism or awareness for the environment. These tasks include things like cleaning up trash, planting trees, using metal straws to reduce plastic waste, and more. For performing these tasks, eligible entries are rewarded in FOX tokens as a way to give back to our community for positive action towards our mission. + +**Trustless Donation Pipeline**: Ultimately, the true value of FOX will come in the form of financial assistance to charities that are working diligently to save our world, usually with only fiat as a payment option. Our goal is to funnel funds from our various events and products as well as stake growth on charity holdings in a completely decentralized manner to charity organizations. This will be accomplished through a series of contracts and partnerships, working with organizations that operate in the blockchain and charities themselves to increase crypto adoption. The Trustless Donation Pipeline is an achievable goal thanks to the power of smart contracts, and will ensure that all charity contributions are trackable from earning to donation on the blockchain without human intervention or fear of misuse. + +**FoxDAO**: The hallmark of a decentralized organization is that even its ongoing decisions are decentralized. To that end, Fox Finance seeks to develop FoxDAO, a Decentralized Autonomous Organization. This set of contracts and dApps will allow us to divest completely from the FOX contract, and utilize voting by stake to make decisions regarding the FOX network. These decisions can include any changeable parameters of the FOX Token Contract, and will ensure a strong decentralized practice based on holder commitment to the platform. + +## Token Info! 💵: + +**Website**: https://foxfinance.io (new site and whitepaper launching tonight) + +**Contract address**: 0xFAd8E46123D7b4e77496491769C167FF894d2ACB + +**Telegram**: https://t.me/foxfinancebsc (>6000 members!) + +**Twitter**: https://twitter.com/foxfinancebsc #FOXINACTION + +**Discord**: https://discord.gg/9XZNnTnhqp + +**bscscan**: https://bscscan.com/token/0xfad8e46123d7b4e77496491769c167ff894d2acb#balances + +**How to Buy**: Pancake - https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfad8e46123d7b4e77496491769c167ff894d2acb (slippage 12-15%) + +1Inch - https://app.1inch.io/#/56/swap/BNB/FOX + +**Chart**: https://charts.bogged.finance/?token=0xfad8e46123d7b4e77496491769c167ff894d2acb + +## Quick Note: +Also, as always, Do Your Own Research. This post is not financial advice, but us wanting to share our token progress and movement with you. Obviously as an admin I’m biased, but I’m also a holder just like many others in our community. It’s an amazing group, with an amazing team, and I think we have an even more amazing future. + +Stay foxy! +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. +She had x rays done and a neck brace and we were told we had to pay the $600 bill. So my mom wrote a check. That week, the person who hit her had their insurance send the hospital a check for the medical attention. They cashed both checks and now won't answer us or give my mom her $600 back. Every time she calls or anything she gets told they don't know what she's talking about. She even showed them proof that they cashed both checks and they won't talk to her. +Hello, all! + +Things have become a little complicated so this won't be the typical update but I still wanted to inform everyone on what is happening with my journey. + +# Platforms + +**TradingView** \- I am completely done with this program. I was in the middle of an active trade and had 3 tabs open. It logged me out in the middle of the trade because I had too many tabs open. Mind you, I am paying for their highest service which allows you to use multiple tabs. I ended up losing the trade as I scrambled to log back in before the trade was over. I sent them numerous messages complaining asking for my money back. I will let you all know how that conversation goes. Thankfully, it was a small leverage trade because I decided to size down while I continue to learn. + +**TradeStation** \- This is now where all of my trading takes place. I am still learning it so again, perfect timing for me to reduce leverage while I continue developing my strategy and learn how to properly operate the software. There are still several things I'm not a fan of with TradeStation, one being that I cannot begin trading until 8am and truthfully, I would love to have the ability to trade full pre-market. Another thing is I very much dislike their charting software. This very well could be due to a lack of setup, so for now I will continue playing with it and if I could get to a place I enjoy then I will likely stay with them. ToS is on my radar for my next broker if TradeStation doesn't work out. + +**TradesViz -** I will be using this as my new journaling software once I work some things out. The customer service is absolutely unbeatable. I opened up a chat window while I was on stream and the individual on the other end actually joined my stream and we had a huge conversation about the issues I was having with journaling software. Not only did they spend literal hours with me and answered questions for the stream, they also asked me to email them an excel file and edited their code to accept the files from my broker. Incredible experience, the software is fantastic, but the customer service is what made me really want to make the change. + +While I am fixing these changes I won't be posting my traditional updates with my stats and trade reviews. I expect to have everything setup and ready to go for next week, so you will likely begin seeing my updates again in the next 1-2 weeks. + +# Trades + +I lost money Week 6, I think around $250 however, a lot of this had to do with all of the program changes I explained above. So I scaled back my leverage and I will continue preparing to start fully daytrading again with statistics for you all. + +I'm sure you all saw what happened with SPCE and most of you know I was holding a losing position on that for quite some time. I closed half of my position yesterday for a $2500 which makes back all of my losses from learning to day trade and then some. + +I still have half of my position and I am using today to add to said position. + +I am still long on ACTC and have no intent on doing anything with that position for potentially years. + +The other long positions I am holding are very small leverage and speculative so not worth mentioning at this point. + +# Psychology + +I feel so much better than I have in a long time. I feel that the psychological battle is done and the fear that was preventing me from trading is all but gone. The biggest struggle left is just the psychology of following my rules, but those rules become so easy to bend as you watch the market change before your very eyes. I know the market pays you to be disciplined and this is something I obviously need to correct if I want to be a profitable trader. I firmly believe I am on the right path and the consistency I am showing will make me successful. + +# Strategy + +I decided to go back to low cap scalping again because of the incredible amount of money that could be made there. I was quickly reminded about the incredible amount of money that could be lost as well. + +I decided that protecting my capital is more important than increasing it right now so I will be sticking with the larger cap stocks as I continue my training. + +Here is the rough strategy right now: + +Max Daily Loss: $100 + +Risk/Reward: 1:1 minimum but I am typically looking for 1:2 entries, I will however shamelessly close positions early if I don't have the warm and fuzzies about my position. I know that technically reduces my r:r, however, the realized profits feel so much better than the potential of larger gains. + +Biggest mistake: It hasn't changed, I still cut my winners too early and hold my losers too long. Although, so far with Week 7 I have not fallen prey to this trap. + +Trading: So what am I actually trading? Well, like I said many large/megacap but I still look for midcap to trade. The main idea behind my strategy is I scalp consolidation periods looking for 0.10 gains. I follow a 1:1 r:r and I am willing to cut winners at 0.07 if I think it might move against me. + +As the consolidation period approaches the apex, I look to enter a trade on the correct side of the breakout with a relatively tight stop. If I am on the wrong side, I get stopped out. If I am on the right side, I don't scalp, but instead I switch to a more swing trading mentality and convert my stop to a trailing stop attempting to capture as many profits as I can. + +That's about it right now. + +I will continue trying this strategy and getting all the software functioning properly, once I have the software all functioning correctly then I will begin my normal updates again that include all of my statistics. Thanks everyone! +I have been watching O for a while already have SCHD, VTI and a handful of other dividend players. I was waiting to see if I could catch it around 68.00. It was close middle of June. + +Question is does anyone else watch for stocks in general for their entry point or do you just jump in and DCA. + +I normal jump in and DCA but something about O I’m just unsure of +So I just attended a phone auction this morning for a new one bedroom apartment in Fortitude Valley in Brisbane. I had almost no intention of bidding unless the prices were outrageously low and had really only decided to attend just to see what happened. + +So bidding started at 300k so I already decided to sit out completely. After the first bid no one put anything up for quite a while and the developers representative was on the phone egging me on to put in 320k, to which I said no. He then went on to the auctioneer to say the phone bidder, (I.e. me) had put up 320k even though I didn't. I was trying to tell him on the phone that I didn't offer anything and he needed to retract it. He completely ignored me until someone put up another offer for 340k. + +It was a completely nerve wracking experience to say the least and it has me worried for what would happen if the REA or developers representative had put the offer up and that bid had won the auction, especially after I had signed the phone auction authority. + +Has anyone else seen dodgy behavior like this? Is it common? Can I report the developers representative who is probably not a registered REA? +Just got off the phone with both of the Nevada Senators’ offices. Every one of you needs to do the same. + +When Robinhood restricted trading last Thursday, the reaction across the entire country was swift. So why the fuck have short sellers been allowed to continue to engage, in plain sight, in short ladder attacks for SIX FUCKING DAYS? It’s not even like it would be hard for the SEC to investigate, but shocker, they’re clearly letting it continue. + +The fact that the same fucks who defunded the country in 2008 and made these risky bets on GME in the first place are now committing illegal acts in broad daylight is the biggest slap in the face yet. Call your Senators. Representatives. Governors. Blow up Portnoy, Chamath, Elon, AOC... maybe even Ted Cruz. + +💎🙌💎🚀🚀🚀 +Position: 16 shares GME + +Edit: As this post is getting a little attention, I'm including this really quality post on the same subject that provides a template to discuss 1) what is happening and 2) the specific laws demonstrating illegality, with your representatives. https://www.reddit.com/r/wallstreetbets/comments/laferl/15_usca_78i_the_illegality_of_short_ladder/ +Fresh throwaway from a longtime lurker...I’m female mid 40s VP at faang with 8-digit NW. I’ve been very fortunate in my career and general lot in life. But I’m burnt out, feeling disengaged from a company values standpoint, and it’s having impact on my kids, health, and marriage. I’d love to quit and spend more time with my kids and hobbies and find some other business projects. Flexibility and independence sound amazing. However, I’m in a rare role for a woman and feel like I’d be letting other women down. I’ve also seen so many talented women leave with the intention of consulting/freelance/something PT but they can’t make a go of it and end up as SAHM. Finally, I’m really well positioned in my current role and would hate to give up what others would kill for without clarity on what I’m seeking next. There is option value in continuing on as is, but that doesn’t seem like a great way to live my life. + +I’m struggling to articulate what my question really is. Maybe advice how to clarify my priorities and stories from folks in similar situations. Thanks! +I would then look at using the money saved to pay off a lump sum when my fix term ends in Nov 2024 ( I think then I don't need to pay an over payment charge) +I am in the process of purchasing a flat in Chiswick. I have an offer accepted at the asking price of £450,000, after offering lower and having a small bidding war with a cash buyer. The other cash buyer may still be interested in the property, their highest bid was £440,000. + +I was aware that the service fees were steep at £5,000pa when I placed the offer, but the block is well mantained with a porter, gardeners and heating included in the fees. + +I am now a month or so into he buying process, with mortgage approved. I have just received an information pack from my solicitor, and a few things raise some big red flags to me, particularly regarding the management company and service fees. + +Red flags: +1) The service fees have raised by 35% in the past 5 years, increasing every year. If they continue at this rate the service fees will cause the property to become very costly to keep up. +2) The freehold company is owned by the management company, and there is no residents association. This worries me as I fear that I will have little power to fight against further increasing service fees. +3) My solicitor found some clauses in the lease which could potentially be used to prevent the lessor from renting the property. She requested that they remove this clause, but the management company refused. +4) The management company has a google review score of 1.7, with many dissatisfied customers. + +Should I be worried? Are these concerns sufficient to pull out of the buying process or reduce my offer? It is my understanding that if I pull out now I would just be liable for my solictors fees. + +My solicitor advised for me to get a private valuation. Are they likely to identify these issues and include them in their valuation? + +Thank you, +Sam +Title says it all. When the price gets above 180, it gives apes more confidence. For hedgies, it just makes it harder and harder to keep perpetuating a negative narrative against GME if its going up. + ++180 leads to +190 which leads to +200. Yes, price momentum can lead to MOASS. But what it does before that, is it gives us apes cause for cheers, which is good. It gives us something to come together around and lean on. It gets us excited. But as we put our weight behind it - it makes us VULNERABLE too. To me it feels a lot like putting a date on something by saying this. + +181-189 (PROBABLY) DOES NOT EQUAL MOASS. These are just numbers. They are just numbers... Sell walls will be throughout the 180s, a big one will be at 190, and a thicc one will be at 200. But, they are just numbers... All it means, is that we keep buying and hodling. + +Stay strong, jack off/flick the bean, whatever - but stay fucking focused. Love yall. + +*edited for clarity* + +2nd edit: +Just for clarity on me - I am actually super optimistic right now on GME. The MACD crossover + FTD reactionary monthly spike are AWESOME. And I personally feel like we are at the beginning of an uptrend. + +Im just making this post to emphasize that 1) $180 isnt special (I mean come on people, do yall even remember $200? $300!?) 2) its just a lot of posts blocking out potentially helpful content. + +Im not trying to party poop! +&#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/) +Have heard this term being floated around but never really understood it. Whenever I asked someone, they would explain something about finding investors, setting a price based on reverse auction and all that flows above my head and sounded shady as well. There are people who claim to have been making a lot of money using chits as well. Muthoot and KSFE are big names in my state and they have a lot of agents, probably more than LIC. I have never understood what they do. Watched the Bad Boy Billionaire episode on sahara and it makes it look like some kind of pyramid scheme. Searched this sub too, but couldn't find any info about this. +So, can somebody ELI5 what chit funds are and why people swear by it? +im 40 and ive been living with roommates or renting from friends who own houses for my entire life. ive also never made more than 38k. + +i have to move in a few months and im starting to look around and holy shit. the shittiest of shitty, 500sqft, run down, no windows, shag carpeted, probably have mold, studio apartments that used to be sex motels in small town WA are going for $1,500 a month. $2,500-3k is normal. i have a pt job that pays about $900 a month right now and im looking for something full time but even most of those pay 2000-2,500 a month at best. + +really, how the hell do people do it? the math just doesnt make sense to me. how is living like that sustainable for even a short amount of time. + +I got in a reddit argument awhile ago about gentrification and rent prices because the person saw no correlation between being priced out and rising homlesness. well buddy.. im about to be living out of my car. + +&#x200B; + +EDIT: theres been a lot of "just make more money" advice going on and yall just need to stop. i worked full time until last september when my entire dept was laid off due to the pandemic. at that full time job i made around 33k. ive worked full time since my late twenties in not generally lucrative but personally fulfilling fields. im currently working part time until i find something better. none of that has anything to do with my post. i have no desire to be rich. i want to do meaningful work and survive and ive been lucky enough that until now ive mostly rented for way under market. that doesnt have anything to do with my post either. please for the sake of argument just assume that i am an intelligent and hard working individual. the point of my post is that most non tech jobs in this area range from around 30k to around 60k. as i look around it seems that housing in this area is fairly inaccessable unless you are making upwards of 70k-100k, both in the city and in more rural areas. how do people who work at resturants, grocery stores, teachers and construction workers live? the math just doesnt add up. +I don't think you need much foreplay before we dive in. + +&#x200B; + +All data was taken from the FINRA OTC Transparency Website + +[https://otctransparency.finra.org/otctransparency/OtcIssueData](https://otctransparency.finra.org/otctransparency/OtcIssueData) + +Here's a summary table for the data. + +# 69 Week OTC Trading Totals (September 28, 2020 - January 21, 2022) + +[69 Week OTC Summary](https://preview.redd.it/kw057v42mnh81.png?width=1509&format=png&auto=webp&s=c6d73fe997398cd863e0967fc5f9d900e22b53dd) + +**Citadel** leads the way with **711.5 million shares** and made **10.439 million trades**. They've traded 39.9% of our precious shares and accounted for **29.7%** of all GME OTC trades. + +**Virtu** has been reverberating across the sub over the past few days, which was part of my inspiration for this post. They have traded 557.4 million shares and made 8.4 million trades. They accounted for 31.26% of the shares traded OTC and made 24.01% of all GME OTC trades. + +**G1 Execution** is third on the list, having traded 206.1 million shares and made 3.59 million trades. They accounted for over 11.56% of all shares traded and 10.21% of all GME OTC trades. + +**Jane Street** and **Two Sigma** both traded over 63 million shares. Two Sigma made a lot more trades 2.62 million, while Jane Street made 1.58 million trades. + +**Wolverine** was very active in the GME OTC marketplace until the week of 3/8/2021 when they mysteriously fell off the OTC landscape. Based on their 13F, they sold all of their shares and dipped. Perhaps they are smarter than we made them out to be... + +**Robinhood** made the third most OTC trades at **6.47 million trades** with **6.49 million shares**, despite first entering the GME OTC in **January 2021** (no previous OTC trades September 2020 - December 2020). Not only did they come arrive to the OTC late, they proceeded to Cook Their January and February books as late as August 2021. + +1. [RH January OTC Book Cooking](https://www.reddit.com/r/Superstonk/comments/p4w9hq/january_gme_otc_trades_increased_by_32_last_week/) +2. [RH February OTC Book Cooking](https://www.reddit.com/r/Superstonk/comments/pbhj00/the_crooks_keep_cookin_like_nobody_is_lookin/) + +But it likely wasn't enough to keep this rocket on the ground once all the apes realized how fraudulent they truly are and migrated away. + +They were losing control of the cycles in June and August 2021 (see peak in shares/trade in August) + +Apes are DRSing, they're losing their grip, RH's market share for trades had dropped to below 13-17%... from high's of 28% over the week of 1/25/21, 24.22% on 2/22/21, and 25.77% on 3/8/21. + +In comes Drivewealth, LLC in October 2021. They have traded 233,043 shares 233,043 times, for a shares/trade of exactly 1.00. + +# Point72 and Fidelity sponsoring Drivewealth + +[ Interesting timing for this influx of funding and joining the OTC marketplace ](https://preview.redd.it/kzsnb63tkph81.png?width=930&format=png&auto=webp&s=e9717ac2c470441cadcea3ed3b1317bcbd520c69) + +&#x200B; + +# Let's step back and take a look at the Weekly Trends. + +# 69 Week GME OTC Shares + +[A lot of action in October 2020, which was second only to the January and February 2021 run-ups.](https://preview.redd.it/tz0yiu9dpnh81.png?width=3179&format=png&auto=webp&s=ca85050a092eaa0e96203f60d0be2d1861cfbd7e) + +# 69 Week Weekly OTC Trades + +[The spring is getting tighter...](https://preview.redd.it/obdu7c8fdph81.png?width=2791&format=png&auto=webp&s=22a42fd33d5b6c1ef7a29106f0b067c0d0005a2d) + +&#x200B; + +# GME OTC Weekly Shares/Trade + +[GME has been under 50 shares\/trade in 47 of the past 48 weeks](https://preview.redd.it/ki16gyf7unh81.png?width=3123&format=png&auto=webp&s=412544ab6a0d1db760685eb9d56f28ff51dc35d1) + +&#x200B; + +GME has been **under 50 shares/trade** in 47 of the past 48 weeks. + +The only time it wasn't was the week of 8/23, where we had a $67 range in the share price, but still managed to end the week down $42.57. + +In fact, the shares/trade OTC has been **under 20.00** in 3 of the past 23 weeks... + +1. Week of 8/16, just before the run-up the following week. +2. Week of 10/4, right when Drivewealth LLC started trading GME OTC. +3. Week of 11/29, only 27% of weekly volume was routed OTC, and we finished +$31.61 on the week. + +# How does that compare to other stocks? + +[Seems Idiosyncratic to me](https://preview.redd.it/zplcz5yzjoh81.png?width=2016&format=png&auto=webp&s=3e3a27f088c41cc33631f002d25fcb8a918f059d) + +# Okay, so that's a lot of data about OTC Trading, but why does it even matter? + +I'd like to take you back to Dave Lauer's AMA with u/jsmar18 on **Cinco de Mayo 2021**. + +Here is a link to the AMA Summary: [https://www.reddit.com/r/Superstonk/comments/n7295i/david\_lauer\_ama\_transcript\_summary\_22/](https://www.reddit.com/r/Superstonk/comments/n7295i/david_lauer_ama_transcript_summary_22/) + +Here's a link to the video: + +[https://youtu.be/AYct0XX0uTU?t=2943](https://youtu.be/AYct0XX0uTU?t=2943) + +Dave and u/jsmar18 start talking about PFOF at around the 45:50 mark and continue talking about OTC through **55:00.** + +Well worth a 10 minute listen! + +I linked to the 49:03 minute mark where he begins talking about Citadel and Virtu, Dark Pools vs. Internalizers. + +&#x200B; + +**OTC** = Internalizers + +**ATS** = Dark Pools + +&#x200B; + +# From Dave Lauer's AMA in May 2021: + +https://preview.redd.it/atg5dsh7qnh81.png?width=3840&format=png&auto=webp&s=6e17028b2568dc7929b541f2012b1614baed99bf + +89% OTC in November 2020 vs 87% OTC in March 2021 + +So of the volume **traded off-exchange**, **87%** is being internalized to the **OTC** participants, Citadel, Virtu, G1 Execution, Robinhood, Drivewealth, Jane Street, Two Sigma, etc. + +&#x200B; + +As he said during his AMA: + +* "What I wanted to show was even though nothing has changed much in terms of where the trading is taking place, even a little less OTC but that's probably just normal statistical noise. +* What *has changed* is **who's trading** on the OTC market." + +&#x200B; + +&#x200B; + +# Who is Trading OTC? Citadel > Virtu > G1 Execution + +[Virtu started increasing their OTC trading in February 2021, taking some of the market share from Citadel](https://preview.redd.it/cpfdakl6xnh81.png?width=3835&format=png&auto=webp&s=6c2d83f3e42ec7c2467cb81f0ba1f4d84933f07b) + +Again from the [AMA transcript:](https://www.reddit.com/r/Superstonk/comments/n7295i/david_lauer_ama_transcript_summary_22/) + +* Dave Lauer + * "**So in November (2020), it was predominantly Citadel with a little Virtu and an even little more G1X** + * **This is market share, you can see that accounts for almost 85% of all OTC trading, and the rest is a bunch of smaller internalizers** + * And then it peaked for Citadel in January + * But what we've seen since then is actually **Citadel’s** market share in GME has dropped significantly and so has **G1X**, and **Virtu has really taken over** + * At the same time, the average trade size that's being executed OTC has *plummeted*. + * **This was honestly really astonishing to me.** + * I guess this is probably the Robinhood effect or the retail effect. + * But you can see in December, the average trade size for Citadel was relatively high, it was around 350 shares and for Virtu it was around 200, and a little over 250 overall. + * **And since then in January, I mean, these, these** ***dropped to under like 40 shares average trade size***\*\*.\*\* That was really shocking to me. + * Part of that has been the price increase, absolutely. + * But at the same time like an average trade size of **40 shares is extremely small.** I don't know what to make of it necessarily but I thought it was an interesting sort of data point to highlight. I just wanted to show that." + +# + +# If Dave is astonished, it must be noteworthy. + +&#x200B; + +Well let's take a peek at the Monthly OTC trends since he pointed this out and compare it to the Entire OTC (including GME) for these OTC participants: + +[Not getting any closer to the OTC average as we move forward...](https://preview.redd.it/ekrd143q6oh81.png?width=2016&format=png&auto=webp&s=15d4fe5c100e5a4a1f0c334ce3e524f81d71ee7d) + +&#x200B; + +And here's the data table. + +[GME shares\/trade has been under 40 in every month since January 2021, yet the OTC shares\/trade for these participants, which includes GME, has never been below 250...](https://preview.redd.it/zzmint757oh81.png?width=453&format=png&auto=webp&s=a600dd9eaa43188838c631160bd412528b5ee0e3) + +# Putting it all together: + +[OTC shares traded have decreased, yet OTC trades have increased, causing the GME shares\/trade to \\"plummet\\", as Dave said](https://preview.redd.it/tsj6nwsccoh81.png?width=2710&format=png&auto=webp&s=5a72f125cc1d11f98fab7c8d998a93fbd6c5c633) + +&#x200B; + +# Back to the Summary data table: + +https://preview.redd.it/90ewxfxiyoh81.png?width=1509&format=png&auto=webp&s=98922ddc5a2e87080730e93e80af08adc4d170c7 + +&#x200B; + +&#x200B; + +**Appendix:** + +The Data (all from FINRA OTC Transparency website) + +[Part 1](https://preview.redd.it/4jj1vte9doh81.png?width=2493&format=png&auto=webp&s=5207a0bd9c9367afc40f651f38fa9798c6d5758a) + +[Part 2](https://preview.redd.it/d6wijev2eoh81.png?width=2495&format=png&auto=webp&s=3837c484251a659acf445e82900eb17978289578) + +# The High Frequency Traders + +https://preview.redd.it/gma5lys44ph81.png?width=1448&format=png&auto=webp&s=5fc620393f66c7a71aa761a7fe9f86c9674f3f55 + +&#x200B; + +# 52 Week Data + +[52 Week Data](https://preview.redd.it/k7c87cgj3ph81.png?width=632&format=png&auto=webp&s=26b16cebccdccf5ec5f18abc9d31d12d2b0da06b) + +&#x200B; + +# TLDR: + +* These MFers traded over 4.450 billion GME shares over the past 69 weeks. +* Over 47% of that (2.093 billion) was off-exchange (OTC or ATS). +* Over 85% of that (1.783 billion) was internalized and traded OTC by these financial criminals listed above. +* If Virtu's house is falling down, hopefully it brings the rest of the house with it. +* RC has been HODLing the announcement for a special occasion. + +&#x200B; + +If you made it this far, here's a little more data to dive into: + +[The OTC Conspiracy](https://www.reddit.com/r/Superstonk/comments/oejtty/the_otc_conspiracy_gme_idiosyncrasies_and_the/) + +My Last Post - [52 Week Data Dive](https://www.reddit.com/r/Superstonk/comments/s7d7po/36_billion_gme_shares_were_traded_over_the_past/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&utm_term=link) + +Buy, HODL, DRS, and Buckle Up! +Hey, + +To preface, I am new here and I am relatively new to the market, but I have a lot of experience with programming. + +Long story short, I've made a thing that calculates the probability of a move up or down on a minute by minute basis. It has shown to generate an average of 14% weekly return based on my simulated runs on the price history of various stocks, and that is in this bear market. So now I am now starting to look into implementing it in real word trading. + +The problem is I made this without much consideration for the fact that it is placing an average of 73 simulated buy and sell orders every day. My question is about settled cash and buying power. I assume that even with a margin account, you cannot infinitely day trade. So in order to be able to buy and sell $5,000 worth of stock 100 times per day, you would need something like $750k cash in the account assuming a 3 day settlement period. Personally I would not want to use margin, so it would actually be more like 1.5M. + +Am I right about that? Is there any broker that offers a true instant settlement time so you could endlessly day trade? + +Sorry if this is a stupid question. + +Thanks +I am about to go through a large liquidity event that could put me in the $10-15m NW range. I have been using a financial advisor (call him John) to help manage my stock option package, but lately I've been questioning his abilities. He's part of a small fiduciary firm that has about 5 total employees, but I pretty much only talk to John. One of those 5 people has a CFA, and the rest have series 7, 65, etc type of certifications. + +&#x200B; + +Recently, I realized that I owed some taxes by luck, because I was talking about my situation with a friend. I brought this up to John and my tax guy (who John introduced me to). After bringing it up, they both handled it, but that left a bad taste in my mouth. I feel like John and the tax guy should've caught that proactively. + +&#x200B; + +This is my first time using an advisor. So I am unsure of what to really expect. + +\- Am I being too harsh or too demanding with my expectations? + +\- If I'm to fire this advisor, what's the etiquette around how to do this? Overall John is a super nice guy +Posting for visibility. +#CREDIT: u/KitrosReddit + +Alright, ya fucks, I'm gonna get straight to the point. + +If GameStop hits 800 before 2/26 we will trigger the Mother of All Short Squeezes + +As we learned from the last spike to 483, it was not the shorts squeezing. As Melvin admitted in the Congressional Hearing that they did not cover and the spike was from gamma. + +If you do not know, this "gamma squeeze" occurs because of call options. As the prices surges, Market Makers are forced to write more calls and buy shares before they even become available, surging the price higher. + +So, now because we have fallen all the way back down to $40, we have a catapult cocked down as far as it can go, ready to be launched. + +#There are millions, and millions, and millions of shares written in those call options all the fucking way up to 800. These shares are not only buried in the 2/26 calls, but also every single date after this as well. So many fucking shares. + +*If we can get to 800 and all these calls become in the money the Market Makers will have to scramble to buy millions and millions of shares that will surge the price up.* + +The craziest part is that this does not even take into account the shorts covering. So, as the Mother of All Gamma Squeezes squozes, sending the price into the thousands, the shorts will then also be skyrocketing the price at infinitely higher prices. + +If you did not read my last dd here about GME short interest being 400%, we learned that u/thabat ran an AI-generated model of GME’s stock price, which predicts a squeeze target of an extreme $130k a share. + +Now, while I then believed this to be a completely outlandish number, I now believe to have realized that this gamma squeeze that will occur if we hit 800, is what it predicted. + +To reiterate: + +I believe that the AI-Model of GameStop's share price, which predicts $130k a share, is predicting this because it believes that we will hit 800 before 2/26, therefore causing the Mother of All Gamma Squeezes. Which will then trigger the infinity short squeeze which sends us to $100k+. + +Many others are also starting to realize this as well, check out this post on r/stocks + +https://www.reddit.com/r/stocks/comments/lrrcdk/gme_gamma_squeeze_part_two/?utm_source=share&utm_medium=mweb + +While this is not financial advice, it is in my opinion that we need to do our best in holding and buying in order to get the stock price above $800 before Friday. This AI believes we fucking did it, lets prove the future right. + +#Important but not financial advice: Even if we don't make it, that dosen't mean it will fail. Eventually shorts must cover. That's something most of you should already know by now. Patience. + + +💎🙌🏻🚀 +If you feel comfortable with posting details, successes and failures, etc., that's fine, but it really isn't what I'm asking - just "time in the markets" so to speak. No judgment intended by the question. I'll make none based on length of time investing and would suggest no one else does either. Everyone with experience in anything, investing or anything else, started out from scratch. I'm Just asking so all can get a sense of the general experience levels here. + +I'll start. I've been investing since the early 80s, but I had a bit of head start as I was born into two families (maternal and paternal) of experienced investors. EDIT: I'm based in the US. + +EDIT TO ADD: I'm not actually new to Reddit. I had another handle for years and "reset" to clear out all the old, outdated stuff. Nothing sketchy or bad, just old and a couple of the 3-4 subs I did participate in are dead now with all sorts of dead ends/deletes. + +2nd EDIT: I failed to ask in the OP "poll" - if you are comfortable doing so, state where you based, in as general terms as you wish. Personal nitpick - please don't say "American" unless you actually mean "somewhere/anywhere on the North or South American continents." + +3rd EDIT: I'm humbled. An unknown poster asks a question and gets a lot of reasonable responses that should help everyone understand the demos of the sub. Lots to read, lots to review, and all helpful. Nice. + +4th EDIT: Please don't downvote honest replies, even smartassed ones. Just IMO, but everyone is entitled to their opinion and as long as it is within a WIDE degree of reasonable, it should be considered and respected. So far, since it was my "poll," I've read every response and I don't see a single thing that should be downvoted - we've got young investors looking for help and more experienced investors sharing experiences. Professors Graham and Dodd would be pleased and might have had some snark, such that they would allow (and Graham certainly), of their own. +Edit: Seems like NFTcon was a whole lot of nothing. Bummer. Anyways now spamming them with hate is imho not the way. Just fckn ignore them. Like you know: Bad news is better than no news at all. So just let them fade into oblivion. And give 'em a little downvote maybe if you did not like it (not encouraging anyone, not leaving the link here, they don't deserver external clicks for the algo :v) + +&#x200B; + +Hey fellow apes, probably everyone noticed this titjacking tweet: + +[https://twitter.com/NFT\_CON/status/1448207882026033154](https://twitter.com/NFT_CON/status/1448207882026033154) + +Too much cohencidence for me so I'm super jacked. + +BUT the YT livestreams chat is already spammed with ape business: "Wen moass", "Wen NFT dividend", "GME to da moon" yadda yadda. + +Please keep in mind: This is a convention from NFT people for NFT people. We're just guests. Be enthusiastic about NFT stuff but don't overly spam it with MOASS related stuff kay? + +Those people might be those who build the thing which'll send us to the moon. So be polite, don't annoy them and respect their topics of interest. + +&#x200B; + +tl;dr; Please don't be a shame for ape community at NFTcon, try not to behave like an ultra retard (it can be hard I know - welcome to my life). + +&#x200B; + +obligatory: 🦍🦍🚀🚀🚀🚀🚀 + +edit: typoooo +My parents' home is no longer safe. I'm currently living in my car in the Florida heat, no working AC. The driver side window is also not working :)). I drive about 35 mins to and back from work to shower/get ready for the day at a friend's. + +I managed to sneak my birth certificate + SS card out of the house before I left. + +I make $12/hr, get about 140hrs a month. in 5 months it'll be 12.50 or 13/hr. Working on getting full-time, it's looking like that will happen. + +Haven't opened a credit card yet. + +As far as monthly payments go, I pay 120 for car insurance and 50 for my phone bill. I plan to try and cut down the phone bill drastically. A smartphone is required at my job as my department uses an app that's connected to inventory. + +My car is nearing the end of its life unfortunately. 160k miles, i've had to replace so many things that the cost of repairs has to have piled up to around 2k as I just dropped 1k to fix the brake pads, brake fluid lines, gas tank, etc.. some of the repairs were DIY like the spark plugs & battery. it's costing me more and more money and I don't have the means to actually keep it around anymore. idk what to do with it, i've been thinking about trading it in and financing a car or saving & buying a used in full when i have the money to. what should I do? + +I don't have anything in savings atm, I have 1k in my checking but that's it. I dropped my emergency fund on car repairs which were deathly needed. + +As far as rent goes I'm content with paying 300-400/mo w/ roommates. My area (daytona/ormond) has cheap apartment complexes which aren't completely horrible for that price range. I don't know if I should try and drop that down with the imminent replacement of my current car + +Where do I start? What should I look out for when budgeting? +Am I crazy to try to buy something right now? I'm working on the following deal: + +* $125k Purchase Price +* $100k Renovation budget including a new roof and fixing heating system +* Six 2br/1ba Units +* Separated electric and hot water +* Public water, sewer +* Natural Gas +* Rents are $925-$975 a month and the town has only 3 units right now available for rent. Town is positioned perfectly between 3 major hubs and has seen some solid gentrification. +* Before this whole Covid thing the prices for 2 units not even finished were at $150-$200k. + +My partner and I are going in on the deal 50/50 for down payment and I have a great property management firm that does all my properties. I personally have $80k in the bank so this would only bring it down to $60k, my wife and I also have multiple sources of income to pay our personal mortgage, expenses, etc. We've always reinvested our REI profits back into the buildings or to buy more buildings (Currently at 23 Units all multifamily) + +&#x200B; + +I typically do off market deals but my real estate agent who has done my personal home and helped with some contracts has been following up on this one place I've had my eye on since December. It went under contract but has been pending for almost 3 months. The selling agent came back and said the deal is falling through, bank pulled out due to the buyers financials. It's being sold by a hard money guy who the original owner defaulted on the loan last year, and then now in turn the hard money guy has given it to his bank who was his source of capital for his hard money loans. $150k left on the loan but the bank want this gone, especially with whats going on. + +&#x200B; + +If this was pre-covid and all done we'd be looking at a $400-$500k Valuation. Even at the bottom of the market in 2010 it sold for $343k. Im just worried about putting $20k of my capital out there during this time, but I know once rehabbed (1-2 Month time frame) it will be a cash cow. Plus trades are starting to be cheap already so nows the time to renovate. I already have people requoting me for 60% of what they were going to charge me 2 months ago for the same project just to get the work. +Hello everyone, I'm so excited because I just purchased my first piece of land at an auction site. The land is in Cherokee Village, Arkansas. The land isn't that big, it's only about 1 acre, but it overlooks a lake and has direct lake access, which is why I was interested in buying it in the first place. The downside is that I have no idea what to do with this piece of land, and I've never been to Arkansas, can you please help with any ideas? What will it be worth in the future if I decide to keep it? +Hey everyone + + +It’s my first time posting in this group and I apologise in advance if this is lengthy but I want to get this off my chest. I was born in a low income single parent household. I love my parent and they are great but there is one major issue I have with them. And it’s that I have come to realise that they chose to be in the economic position that they are in. + +Let me explain further since I’m not sure many could relate. My parent has openly said that they have declined opportunities that could have led to a more comfortable life on the basis of they oppose supporting the “system” (I.e government, capitalism). This would be all fine and dandy if they didn’t have kids. But to chose a struggle life in which housing security in my opinion is lowkey selfish. They got a job when I went to secondary school but chose to work the bare minimum hours needed to survive because they feel like they were not made for work and didn’t want to pay tax. + +Anyway the point is, the chickens have come home to roost. Since they refused to put away money retirement since they saw adding a pension as a way of being robbed, they are most likely going to work until they are dead. They have no funeral insurance and they are in arrears on their rent. + +I try and help but I am studying at university whilst working minimum wage (I don’t live at home) and I am trying to set up myself financially. But I am beginning to resent stuff like my emergency fund is not just for me, it’s for them just incase they get even worse. I am scared of how I will be able to afford one day taking more and more of their expenses. My other siblings can’t help because they have adopted my parent’s poor misuse of money so the bulk of financially bailing out this parent falls on me. + +I guess I’m writing this because I don’t know how to prepare and it is stressing me out. I know the world we live in is trash and I understand their contempt but it’s actually done more harm than good. Sometimes they boast about being an outsider of the system and a part of me wants to scream at them and say “well as a result of your actions it’s me who has to clean up this mess you have made”. I’m sorry if I sound selfish and I’ll probably calm down after a goodnights sleep. But it’s so aggravating that this person chose to live like this when there are those who had no choice. + +Anyway rant over. Here’s a medal 🏅 for those who made it this far!!! + +Edit 1: OMG thank you ALL so so much for your responses! I am so so happy I’m not alone in this. The overwhelming response is to cut the parent off which one of my siblings actually did do because of this situation. But I saw how it killed my parent. They missed their child and not for the money. So maybe I’m a wimp but I don’t have the gall to do that. + +Instead I’ll enforce boundaries. I will avoid alluding to my financial situation. I love my parent but as many of you said, I can’t sacrifice myself to help them. + +Edit 2: I want to add that I DONT HATE MY PARENT. They tried their best despite their limitations/flaws and I don’t have the heart to hate them. However the consequences, especially since COVID, have become more real. And if I’m honest- I do feel guilty I feel resentment but I know from seeing these comments that it’s natural to. + +Thanks again guys! (And thanks for the awards) +Hi all, + +I'm a little confused and wonder whether Reddit has the answer. I have a good job central London (~£120k/yr including bonus, consultant of some sort, many hours). I've started to look for houses to live long-term, and realised they are enormously expensive? (I guess this should have been obvious). +However, we are talking £2-3m for a 4 bed in eg Kentish town (not Mayfair). +Given my hours, I do not want a long commute. However I don't understand how sufficient people below [45] years old are able to afford these houses? Like, assuming you need to earn 1/4th of the value of the house (what I heard to get a mortgage), the only people who live in a house in zone 1/2 earn at least half a million pounds !?! + +Please enlighten me. Are these people 35 and still getting their parents to buy a house for them to raise kids? +This will be the first time ever we experience what happens when all stock in a company is fully bought up, and no longer available for sale, literally making supply going to zero. + +And it just so happens to be the most shorted stock ever, with an potential for "infinite demand" (shorts legally needing to close). + +Want BRK.A now? Sure. Thatll be 400k + +Want GME once the float is locked up? Well, you gotta find someone who's going to even sell it first, and boy wait till you hear how much they will want! + +Let that all sink in. + +Power was always with the players, we just literally had to take it back and put it in our name. +Press Release from Financial Stability Oversight Council through Treasury on Friday: [https://home.treasury.gov/news/press-releases/jy0587](https://home.treasury.gov/news/press-releases/jy0587) + +FSOC includes Janet Yellen, Jerome Powell, & Gary Gensler. This is coming from the top, which means all 3 have been forced to admit these issues exist. + +https://preview.redd.it/hu24d1n3nfg81.png?width=803&format=png&auto=webp&s=7566e07859c86b2c1c7f5889a77d8c0bcdb4aedd + +This section runs through most of what we've already learned about Hedge Funds, but it is pretty important to see them openly admitted by FSOC. Interesting that the release specifically adds "also used by hedge funds" when talking about Archegos, as if to make the point that the disaster Archegos caused in March 2021 is exactly what is happening with Hedge Funds now. + +The last bit is also very interesting: "uncleared bilateral repurchase agreement, an important source of leverage for hedge funds." Repo has been a big topic throughout this journey, and Apes have previously celebrated changes to Repo rules that have applied haircuts to certain collateral, or even stopped accepting them as collateral entirely. So what are these "uncleared bilateral repurchase agreements" that are so important to the leverage of Hedge Funds? + +First, in review, a repurchase agreement in this context is when a Hedge Fund provides collateral in exchange for cash. The Hedge Fund now has the money to meet margin requirements or continue shorting or other such business. + +So what is a BILATERAL repurchase agreement? + + + +[https:\/\/www.federalregister.gov\/documents\/2018\/07\/10\/2018-14706\/ongoing-data-collection-of-centrally-cleared-transactions-in-the-us-repurchase-agreement-market#h-21](https://preview.redd.it/7ciqxtsmpfg81.png?width=556&format=png&auto=webp&s=4c4a43c5577995b16c26ae6bbb188b71b9d777d8) + +In essence, there are two important definitions here: + +Uncleared: Will never be submitted to a Clearing House and will remain OTC. + +Bilateral: Agreement is handled directly between the lender and borrower, as opposed to Triparty where an independent third party is put in place to ensure that the numbers / margin / settlement are correct and enforced. + +Taken as a whole, FSOC's statement asserts that Hedge Funds are being heavily funded with cash through repurchase agreements that are completely opaque. The lending parties could be accepting complete garbage collateral, valuing that collateral at whatever they choose, and deciding not to margin call the Hedge Funds no matter what's going on with them or their collateral. + +Continuing on with the Press Release, this was the most surprising commentary: + +https://preview.redd.it/pt0qxjnzsfg81.png?width=789&format=png&auto=webp&s=8def4a7a745100cf3f9c9bc971b900c6b9251a47 + +Liquidity and redemption is something that has been covered repeatedly in DD on ETF abuses. While this section doesn't specifically mention ETF's, and goes on to talk about other areas of the market, I suspect this was their best attempt to bury the lede. + +https://preview.redd.it/24hlzr7eufg81.png?width=667&format=png&auto=webp&s=933e7a1539d52a1c44368272949d941f312c580d + +And indeed, the XRT ETF is legally registered as an Open-End Fund: + +https://preview.redd.it/0w4rndhoufg81.png?width=750&format=png&auto=webp&s=5eb0239cf84962e4e6fdc91355c1a0194f9fd83e +So many companies are getting ready to roll out the Metaverse but I just can’t see people wanting to stay home anymore. I know there will be an audience for it, but I just think the majority will just not find it appealing to put a headset on after 2+ years of not really going out. + + + +Edit: Haha wow. This question irked so many of you hahah + +Meta is saying they expect to have 1 billion users in the next 5 years. I just can’t see that many people buying headsets and opting to go to a virtual bar with Wii looking avatars or having business meetings as avatars. + +Sure maybe like 10 years from now or in the distant future, but I’m talking about the near future. + +Edit 2: LOL “Covid isn’t real” “Covid is over.” I need to start investing in sand. +My boss (~62) is about to retire and has lamented to my colleagues about how much he saved. (He also feels tethered to work to maintain his health insurance because he and his spouse are facing some health issues.) + +He's always been very frugal and just socked away as much as he could. I'm of a similar mindset, so I was surprised to hear that he's "saved too much." Unfortunately my colleagues aren't very financially-minded, so when I asked what he could mean by that, they say something vague about him being in a higher tax bracket or needing to take out more than he wants to annually (I assume they're referencing required minimum distributions, but I didn't think that started until age 72?). They are now all very careful not to "save too much" and warn me against my frugality and saving habits. They say that ultimately good savers get punished by the system. + +I wonder if his regret is centered around making too many sacrifices throughout his life for the sake of saving, and now facing health issues, realizing he should have enjoyed life more as a younger man. But I was also wondering if there are real financial reasons why I shouldn't try to max out my retirement accounts and just stick with saving ~20% (starting at age ~30). +Yahoo News: https://finance.yahoo.com/news/robinhood-faces-a-looming-regulatory-risk-as-it-gears-up-for-its-ipo-161007770.html + +The retail trading platform Robinhood is reportedly planning to start trading on the Nasdaq next week, making a public debut that comes with an unusually heavy dose of legal and regulatory disclosures. + +Robinhood, which expects a market value of $33 billion, faces "numerous litigation matters," according to a recent securities filing. Those lawsuits, likely to be consolidated if permitted to move forward, include roughly 50 proposed class actions tied to its decision to restrict trading in GameStop (GME) and other so-called meme stocks in early 2021, according to the filing, which Robinhood submitted to the Securities and Exchange Commission (SEC) on Monday. + +The platform — whose stated goal is to "democratize finance for all" by offering commission-free trading — said it faces 15 proposed class actions over outages in March 2020. It also said it faces a half-dozen proposed class actions over a controversial practice called payment for order flow, which enables brokerages to make money despite not charging commissions. + +But the regulatory risk that Robinhood faces could outweigh even this mountain of pending lawsuits against the platform, one expert said. Indeed, the company's new registration filing mentioned the word “regulation” 215 times. And many of those lawsuits might be dismissed, according to University of Michigan Law School professor Adam Pritchard. + +“There are a bunch of lawsuits out there,” Pritchard said. “For a lot of them, there's not much to them.” + +Robinhood's filing pointed to proposed class actions filed on behalf of what could amount to millions of consumers, and another lawsuit filed by Massachusetts' attorney general. Both target Robinhood’s “payment for order flow” fee arrangement, claiming the company failed to inform customers that its commission free trades are supported by payments to broker-dealers. + +Ultimately, the suits claim the fees disadvantaged Robinhood consumers by pushing their trading costs higher. So far, the practice has resulted in Robinhood reaching a $65 million settlement with the SEC. Separately the company was fined $57 million by the Financial Industry Regulatory Authority (FINRA) for allegedly violating brokerage industry rules. (Robinhood "accepted" the settlement with FINRA but did not admit or deny the allegations.) + +The risk from regulators like these could be a greater threat than the many pending lawsuits, according to University of Notre Dame associate law school professor Patrick Corrigan. + +“First is Robinhood’s history of regulatory enforcement actions,” Corrigan said. “They've had settlements with the SEC, with FINRA — and they're facing actions from several state governments.” + +“Second, Robinood's business model and practices push the boundaries of what broker dealers are currently doing with customers,” he said. That, he explained, separates the company from traditional financial services companies and underlies why regulators continue to probe the company’s tactics. + +**'An alarming risk' for investors** + +The company came under intense scrutiny in February when lawmakers on the House Financial Services committee publicly questioned Robinhood CEO Vladimir Tenev about the company’s payment for order flow revenue model — its largest source of revenue — and its advertising practices. + +Pritchard, the University of Michigan law professor, said that while the collection of uncertainties is not ideal for a company that’s going public, Robinhood’s filing shows financial backers appear undeterred, despite the negative media coverage . + +“If you were contemplating an IPO...you [normally] wouldn’t choose the point where you had just been hammered by the media and Congress in the last six months,” Pritchard said. + +“It's not customary for a company that's just doing its IPO to have this much on its docket, that it needs to disclose, but you can be certain that the underwriters have talked to prospective investors, and don't think that it's insurmountable,” he added. + +Still, David Trainer, CEO of the investment firm New Constructs, said Robinhood’s “mounting regulatory risk" should be a red flag for investors and that the stock should be worth no more than $9 billion. + +"Robinhood will likely not be able to continue the robust growth it saw in 2020 due to looming regulatory risk, increasing competition, and an undifferentiated service," he wrote. "If regulators were ever to outlaw payment for order flow, Robinhood’s revenue would be severely affected, creating an alarming risk for investors." + +We reached out to Robinhood for comment the regulatory risks it faces and will update this post with any comment we receive. +*Update: Coinbase has just credited S$1,251.42 to me, about 3 hours ago, = around 9 hours after I submitted this post. Whew. Thank you Reddit and Redditors. If I'd known Reddit was the way to go I'd have done this sooner! + +-- + +So on 25 March 2017, I initiated a sale of 18 ETH into S$1, 251.42. The ETH were debited from my account, the money not credited. I emailed Coinbase support immediately. + +http://imgur.com/a/HzJAp + +After weeks of email correspondence with peripheral Coinbase staff/ automated bot mails, they finally replied to me via BBB on 26 April 2017: + +http://imgur.com/a/3k8YM + +“We are very sorry for the continued trouble with your funds. This is a bug we are monitoring and looking to resolve as soon as possible. I know this inconvenient, but sometimes matters like these can take weeks (sometimes months) to resolve. We are hoping to have a conclusion soon, but we can't give a time table as to when this will be resolved. But we still have amount due to the customer and full record." + +??? + +Months??? 2 months? 18 months? 324 months? What? + +I didn’t know whether to laugh or cry at their response. I’ve never ever had a company mess up then say, “ok we have your money, we just cannot figure out how to send it back to you”. + +It has been 37 days. 18 ETH is now worth approximately S$2,000. So, besides expending a ridiculous amount of time and energy just to have Coinbase staff tell me to wait wait and wait, I now have to bear this 70% loss. + +Other victims of Coinbase have contacted me to warn that, if no action were taken by me and a number of days have lapsed, Coinbase will simply seize the funds. + +Since Coinbase is not regulated/ licensed by California Department of Business Oversight, I’ve sent in complaints to the New York State Department and California Finance Protection Bureau. + +http://www.dbo.ca.gov/Press/press_releases/2015/Statement_on_Coinbase_Exchange_Regulatory_Status_01-27-15.asp + +To preempt all the trolls who like to jump in at this point and go, “oh Coinbase is regulated by FinCEN so you must be some dodgy shit”, I beg you to please go and harass someone else. Where do these people come from anyway? Are they paid Coinbase staff? Why else would anyone victim-blame and express glee at others’ misfortune? That money is more than sufficient to pay couple months’ rent/ food. + +Anyway, FinCEN’s reply was that being merely registered as a Money Services Business does not imply compliance, and for me to contact IRS. + +For others in the same boat as I am, the following info may or may not help: + +Coinbase, Inc. is registered as a Money Services Business with FinCEN, MSB registration number: 31000096791896, Address: 548 Market St, #23008, San Francisco, CA, 94104. Tel: (800) 343-5845, (415) 843-1515 + +1 Buxom St, Apt 410, San Francisco, CA, 94107 + +The first address is a mail forwarding address provided by earthclassmail.com. No idea what the second address is. I’ve been told the telephone numbers just lead to voicemails. + +The Coinbase subreddit is no longer accepting new posts. +THIS IS MAD SUS. Why on earth would the news outlets who have been consistently manipulating the narrative this whole time all of a sudden flip the script? if 30 was truly parabolic they would NEVER in a million years publicly state that. This screams options bull trap, don't get caught. + +&#x200B; + +BUY AND HODL + I am a U.S. Citizen residing in the EU with income sourced from U.S. pension funds dominated in dollars. I am hearing rumblings of a massive upcoming devaluation of the U.S. dollar at the end of April. This would have a devastating impact on my future financial security. Should I be concerned and what actions could I take (if any) to protect my future. +I know that no one likes a bear and furthermore people feel connected to this stock since their kids play the game or because it's a video game and it's fun to invest in that stuff but facts over feelings when dealing with money because it has no feelings. So first we have to base our value, the company raised 528 million$ from private sources last year at a valuation of 28 billion dollars. It later went public via direct listing at a base valuation of 32 billion with 40$ stock price only to rise to 77$ and a market cap of 40.56 billion. The problem with this is Microsoft bought Mojang (so essentially the Minecraft IP) for 2.5 billion in late 2014 when they had 38 million in revenue which is relatively nothing compared to RBLX now but when we go back in time to just 2017 it (Rblx) had relatively only 45 million in revenue vs Minecraft's 350 million. Now let's go to last year when Minecraft had a monthly active user base of 130 million players vs Rblx's 150 million. It also had 953 million dollars in revenue but with 253 million in net losses. Now compare that to Minecraft who had a revenue of 415 million which is up significantly from the previous years 375 million and it becomes clear that Roblox is very overvalued. Furthermore to show the point we have another Microsoft purchase, this time of Zenimax Media inc for 7.5 billion $ for properties like TES, DOOM, Fallout, Dishonored, Starfield and many more with a wide variety of studios included like Bethesda, Zenimax, Tango, Arkane (Deathloop), Id and Machine Games . Just in that bundle Doom Eternal (1 game) had revenue of 350 million dollars and Skyrim with lifetime revue of over 620 million. The last showing of this is Sony's purchase of Insomniac in 2018 for 229 million dollars and since then have created 2 games that have raked in more than the initial investment with Spiderman 2018 and Spiderman MM having brought in approximately 250-270 million $ and with another game in the pipeline with Ratchet and Clank A rift in Time. Final note: EA's entire market cap which consists of Madden, Battlefield, Fifa ( yearly releases with micro transactions) and many other titles is at 30 billion, Take Two which owns GTA, Red Dead, NBA 2K and many others and is valued at 20 billion, the thought that Roblox is worth almost more than both these titans combined is insane and nonsensical. + +Edit: **This is my opinion not advice.** To play devils advocate since a lot of people like the stock here you go: Roblox has doubled it's earnings every year since 2017 and had record revenue of almost 950 million this past year. It's player base is also massive and almost doubling every year just like it's revenue. It also has 830 million in the bank right now and can easily grow by going to Asia and or incorporating more adult themes. Now other than the fact that it's trading 40x P/S you have to bet that the game will both keep growing and making profits at the same pace as now which I don't see but here there u go. +I was a basically a child back when the market took the big hit. But thinking about it today, I was wondering where did people actually live during this recession? + +You would think that the foreclosures on peoples’ owner/occupy would force people to rent, but if they didn’t have jobs, then I guess they couldn’t pay for the rent? Were all these people just moving back in with family or roommates? + +I guess knowledge is power and knowing what the fallout of a crashed RE market actually looked like could be useful information. +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! + + +EPS: $1.30 vs. $1.01 estimated + +Revenue: $81.41 billion vs. $73.30 billion estimated, up 36% year-over-year + +iPhone revenue: $39.57 billion vs. $34.01 billion estimated, up 49.78% year-over-year + +Services revenue: $17.48 billion vs. $16.33 billion estimated, up 33% year-over-year + +Other Products revenue: $8.76 billion vs. $7.80 billion estimated, up 40% year-over-year + +Mac revenue:$8.24 billion vs. $8.07 billion estimated, up 16% year-over-year + +iPad revenue: $7.37 billion vs. $7.15 billion estimated, up 12% year-over-year + +Gross margin: 43.3% vs. 41.9% estimated + +https://www.google.com.au/amp/s/www.cnbc.com/amp/2021/07/27/apple-aapl-earnings-q3-2021.html +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 want to create an FD of 20L and was looking at options. Since rates are pretty low for most banks, I was surprised to see Paytm offer 7% for a year, backed by IndusInd. + +Whats the catch? How safe is it? +My partner and I are at the stage where we are everything but married (live together, own a home together, pets together, tbh just need to go and find a ring). She earns considerably more than me, and next year I am making a career shift to journalism. Numbers are a bit foggy, but she’ll be on ~280k, and I think I’ll be lucky to be on 50k. For those of you have been in situations like this before, how did you decide to split things? Both turning 30, and I own my half of the house outright (she pays the mortgage on her end). +To my apes and apettes! + +Tomorrow is the day that gamestop will pay off their senior notes for 2023. They will be paying cash to rid themselves of debt, this is insanely bullish. + +Here's the link to the official annoucement: [Gamestop Announces Voluntary Early Redemption](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0) + +After tomorrow, when the debts have been paid, the company is legally allowed to discuss partnerships and plans for the future, so buckle up! + +&#x200B; + +Just a quick side note to everyone. + +Remember, we've seen a lot of price action on GME, A LOT of price action. We've seen swings of literally hundreds of dollars on random days, we've seen volume dry up faster than my girlfriends entry hole, we've seen the MSM attack Gamestop relentlessly. Yet we're still sideways trading at $170+. + +Gamestop hasn't really released any information about their plans or future ideas. Gamestop has given the least amount of information possible and yet we're still at way over $150 per share. Gamestop just released 3.5 million shares on to the market without ANYONE knowing! Patience my young apes, patience and we will be rewarded. + + +&#x200B; + +&#x200B; + +Rockets Rockets Rockets + +Diamonds Diamonds Diamonds + +Apes Apes Apes +**Series Intro: (I am getting increasingly worried about the amount of warning signals that are flashing red for hyperinflation- I believe the process has already begun, as I will lay out in this paper. The first stages of hyperinflation begin slowly, and as this is an exponential process, most people will not grasp the true extent of it until it is too late.** I know I’m going to gloss over a lot of stuff going over this, sorry about this but I need to fit it all into four posts without giving everyone a 400 page treatise on macro-economics to read. Counter-DDs and opinions welcome. This is going to be a lot longer than a normal DD, but I promise the pay-off is worth it, knowing the history is key to understanding where we are today.) + +&#x200B; + +# This is a continuation of [Part 4.0](https://www.reddit.com/r/Superstonk/comments/png8nu/hyperinflation_is_coming_the_dollar_endgame_part/)- If you haven't already, PLEASE go back and read the prior sections before continuing. + +# + +*I want to caveat the below by stating that I do not think a potential hyperinflation in the U.S. would look the exact same as Weimar Germany. We have had 100 years of technological and social advancement, and thus it would manifest very differently today. The 1920’s German hyperinflation is a worst-case scenario, but it is vital to understand the history to analyze the similar situation which our nation faces.* + +&#x200B; + +# Hyperinflation Begins + +&#x200B; + +As 1921 dragged on, the fiscal situation continued to worsen. **The German Government faced an impossible situation: they could either choose to hike taxes to over double their current rates (which were already high due to tax hikes authorized during wartime), which would most certainly cause a political revolution in Germany and potential default; or they could continue to print their deficits, and hope that the Allies wouldn’t seize German assets or that the rising cost of living would cause food shortages and riots. They continued down the path of money printing, unaware that they were steering their country ever more rapidly into the abyss.** + +In March 1921, [France occupied German ports](https://www.businessinsider.com/weimar-the-real-story-of-the-devastating-collapse-that-haunts-the-eurozone-today-2012-10#during-the-war-the-german-government-used-extensive-propaganda-to-hide-the-inflation-from-the-population-2), due to increasing frustration on the side of the Allies of the Germans’ inability to pay. The Rhine ports of Duisburg, Ruhrort, and Dusseldorf were seized, which further reduced the ability of exporting businesses to sell their products, driving their shares down on the exchanges. The next month, another devastating blow was dealt as the Commission finalized the determination of Germany’s War reparations. Adam Ferguson continues: + +&#x200B; + +[\(pg 36\)](https://preview.redd.it/pfugql21jvn71.png?width=776&format=png&auto=webp&s=ce6d0320415afcd9ca98226d78811c7dcede2b5e) + +With the political situation becoming more volatile, large banks and wealthy Germans began to sell their marks on the foreign exchange. At the beginning of the negotiations, this had begun as a slight trickle, as most educated Germans believed that the Treasury officials would right the ship, balance the government budget, and be able to pull Germany out of the quagmire. + +&#x200B; + +But, as the situation deteriorated through 1920 and 1921, bankers, speculators, merchantmen, and wealthy industrialists all began dumping marks on the exchanges, further driving down the value of the mark and thus increasing the import prices of foreign goods for Germans. **By July 1921, the German merchant banks began ordering foreign exchange traders to sell all holdings of paper marks- at any price that was bid.** + +&#x200B; + +Soon, the general public joined in. Anyone with any excess wealth held in marks took them to the exchanges to sell and convert to more stable currencies, further adding to the dumping of marks on the exchange and crushing its value in foreign exchange markets. Capital had begun fleeing the country en masse. + +&#x200B; + +Meanwhile, inflation continued to soar. As the Treasury continued to spend, it found that the prices it was paying for goods and services (worker pay, food, oil, coal, steel, etc) kept rising, which in turn increased the amount of money the Treasury itself needed to spend just to keep the government running. + +&#x200B; + +**This increased demand for new currency fell on the Reichsbank, who readily printed it into existence and handed it to the Treasury- thus representing ANOTHER devastating feedback loop that would lead to an exponentially increasing money supply.** + +&#x200B; + +[\(pg 46\)](https://preview.redd.it/gjz452dyivn71.png?width=780&format=png&auto=webp&s=ba20eecf3614d8a820fa5d014a1c7bcaad20d3da) + +&#x200B; + +Furthermore, as seen above, the Tax system could not keep up. The bankers and the wealthy industrialists had already moved the bulk of their wealth overseas or into foreign currencies, and the middle class, squeezed by the ravages of inflation, had no patience for any increase in taxation. + +&#x200B; + +**Like most industrialized nations, the government collected most taxes on a yearly basis, but with inflation growing past 100% by the winter of 1921, the annual taxes were basically a moot point.** If the government charged an individual with a 100 mark tax liability, and he paid it a year later, it would only be worth approximately 16 marks or so- and the longer he deferred it, the less he would have to pay (in real terms). + +&#x200B; + +Other sources of government revenue, such as railway fares, patent fees, coal taxes, and import duties, were fixed at low pre-war levels. The large and complex German bureaucracy made changing these fees extremely difficult, and even when they could adjust these fees, they could never raise them fast enough or often enough to keep up with inflation. + +&#x200B; + +When the government needed taxes the most, the population began a mass program of tax evasion, due to both anger at the current incompetence of the Weimar government and the rapidly rising inflation. **Thus, the government had no response but to continue to increase their request for printed notes from the Reichsbank, as all other sources of financing (taxation and borrowing) were slowly being cut off.** + +&#x200B; + +[\(Hyperinflationary Positive Feedback Loop\)](https://preview.redd.it/b8310dw8jvn71.png?width=591&format=png&auto=webp&s=c7af063ca7ad75da2a72bd661e6120644e706086) + +&#x200B; + + **European bankers soberly concluded that it was impossible for Germany to continue to pay her payments to the Entente, and sooner or later she would have to declare herself bankrupt.** The state of the mark on the foreign exchanges continued to deteriorate. It had somewhat stabilized in mid-August at 310 to the pound, but had sped downwards to over 400 by mid-September, and was still going down. (pg 45). + +&#x200B; + +**By October 1921, the state of the budget was sombre. In terms of paper marks, the sum of the governments’ ordinary expenditure plus the reparation payments to the Allies was more than 191 Billion Marks. The revenue from the previous budget and new taxation proposals of July would only amount to 152 Billion Marks. (pg 49, paraphrased).** + +&#x200B; + +In November, a buying frenzy had begun. Seeing the steady decline of the mark, throngs of people rushed to stores to buy out their stocks. Cash accounts were emptied at the banks, and safety deposit boxes were stripped of all contents except gold and silver as prices began to skyrocket in terms of paper marks. Store shelves were stripped bare, and black markets of food and manufactured goods quickly developed. British Embassy Councillor Addison observed the scene: + +&#x200B; + +[\(pg 57\).](https://preview.redd.it/3mlgo77gjvn71.png?width=779&format=png&auto=webp&s=00000cabb201283b0675f05e355c76d829bba382) + +&#x200B; + +That same month, mass strikes began across the country. In Berlin for instance, Addison reported that he had to work in his office in semi-darkness due to a strike of municipal electrical workers. + +This strike was only broken by a promise of wage increases all around, involving an extra expenditure of $400 million marks, pushing the State budget even further underwater. He commented “the impossibility of the working classes to obtain even obvious necessities except at exorbitant prices, coupled with severe winter setting in, might lead to serious trouble.” (pg 58). + +The mark, already in serious trouble, dropped to over 1,300 to the pound in late November. Food riots began taking place in Berlin. + +&#x200B; + +[\(Lines of Shoppers outside Grocer, 1922\)](https://preview.redd.it/4r9vz8xjjvn71.png?width=682&format=png&auto=webp&s=73675d36f334a96e284e7dbcbffbf5773fdc8f8a) + +&#x200B; + +With essential goods shortages becoming more and more frequent, people began lining up in queues hours before stores opened. Those who had the means hoarded dozens of pounds of food, saving much of it for their families and selling any extra on the black markets for exorbitant profits, as black market prices were often 30% higher than in-store. + +To the anger of the beleaguered Germans, foreigners of all stripes began to pour in and purchase everything off the shelves. French citizens poured in by the thousands, as even the common working man could now afford items in the high-end boutique stores, due to the favorable exchange rates. + +Europeans from all around wined and dined in the most exclusive restaurants, buying out all the finest entrees and cakes. Workers could only helplessly watch from the windows as the citizens of the victorious nations now rushed in to engorge themselves on cheap German goods. + +The first few months of 1922 offered no reprieve. Food prices continued to soar, and theft in stores became commonplace. By the end of March, the prices had soared another 50% compared to the previous December. + +Gambling on the stock exchanges became rampant. As capital continued to lose value daily, the opening of the stock exchanges became a national pastime, with hundreds of thousands of Germans, from bellboys to cab drivers, dumping any extra funds into the exchanges in some hope of keeping up with the rapid inflation. + +The favorites were firms of heavy industry, of steel, coal, or iron, as well as agricultural production or clothing manufacturers- really anything that dealt in real goods. The clearing houses were days behind in settling trades as the volumes were soaring to levels never seen before. + +&#x200B; + +By July 1922, Mr. Seeds, the Consul-General in Munich, wrote to say that his chauffeurs’ weekly expenditure on food alone was now more than 550% more than than a year ago. Rarer items, like butter and marmalade, could not be had for less than 8 times their price the previous year, and could only be found on the black markets, which were outlawed by the Congress. + +The foreigners who had bought up entire stores full of goods now set their sights on German real estate. Prices for land were soaring in terms of marks, but even they could not keep up with the rapidly rising exchange rate- this meant that in terms of foreign currency, the price of homes was actually falling. Wealthy French, Italian, British, and Japanese businessmen began buying up swaths of real estate for literal pennies on the dollar. + +**The wealthy took advantage of the rapid collapse by taking out massive loans to buy assets, as the real value of the debt collapsed due to the rampant inflation. Hugo Stinnes, an industrialist and multi-millionaire, became infamous nationwide, as he built a manufacturing empire which held one-sixth of the country’s total industrial production.** + +**He saw his debt payments for his factories inflated away as the Reichsbank’s printing presses continued to churn out marks in ever increasing quantities during 1922.** He justified inflation as a means of guaranteeing full employment- It was, he maintained, the only way whereby “the life of the people could be sustained” (pg 74). + +Lord D’Abernon, British Councillor to the Ambassador in Berlin, wrote in his entry for July 10, 1922: + +“The whole sky is overcast and gloomy. The fall of the mark continues- today it is at 2,430, or about half the price of a month ago. Prices are rising, and will soon be double the level of June 1, wages and salaries must be adjusted. Adjusted to what?” (pg 81). + +In the four weeks of July the index of wholesale prices had risen from 9,000 to 14,000, another monthly rise of over 50%. The Frankfurter Zeitung recorded that wholesale price of goods had gone up by 139 times since before the war; of leather and textiles by 219 times. An egg which had once cost 4 pfennigs now cost 7.20 marks, a 180-fold increase. A bank clerk’s annual salary, would therefore only keep his family alive for about a month. + +&#x200B; + +[\(pg 85\). ](https://preview.redd.it/i8swmql1kvn71.png?width=784&format=png&auto=webp&s=54321e66c68083a271b75c81642f4ee72754ceb8) + +&#x200B; + +The excessive rise in the cost of living put more and more pressure on employers. **Government officials were granted a 38% salary increase on August 1, and workers an additional 12 marks an hour- a further burden of 125 Billion marks on the State budget.** There were no plans to meet this besides a 50% increase in railway fares and another increase in postal rates, which only provided a fraction of the needed revenue. + +To say that the inflation was ravaging the middle classes was an understatement. The German Ministry of Education came out in early 1922 stating that they found the average school child two years behind in development, both physically and intellectually, due to the lack of available bread and milk, as well as the children being pulled out of school to work to provide for their families. + +In wealthy neighborhoods, lower- class mothers were seen searching the garbage bins for discarded food, in hopes of finding their children something to eat. The fate of the elderly, was far worse however. Their fixed pensions and savings held in government bonds had been inflated away, so much so that some could not even afford a single apple. With no salary, they had no way of keeping up with the skyrocketing costs of living. Many began to starve and beg in the streets. ([pg 87](https://imgur.com/gallery/Eew6vSN)) + +**Meanwhile, the politicians continued to deny that the printing press was the cause of their woes.** Dr. Rathenau, the Minister of Reconstruction, began to claim that a *rise* in the value of the mark should immediately worry the populace, as any strengthening of the mark against other currencies likely would cause increased bankruptcies across all major industries as debts become comparatively more expensive to pay. The Chancellor echoed this note: + +&#x200B; + +[\(pg 89- milliards means billions\)](https://preview.redd.it/8rwy9f3bkvn71.png?width=823&format=png&auto=webp&s=988c76a19719ba9102b2c85be75577979ecd2805) + +&#x200B; + +It was no surprise that with real wages plummeting, bribery and corruption became rampant. Workers at the patent offices would demand large cash bribes, sometimes of 1,000 marks or more, to file patents, and government officials of all types began adding exorbitant fees which they personally collected instead of sending to the State coffers. + +The only people living with any comfort were those living off the country- farmers, ranchers, and the like had the readiest access to real values, and their products, primarily food, continued to rise in price, increasing their profits. Any land debts they owed were evaporating before their eyes- a mortgage of 7 years’ standing had been 399/400ths paid off by inflation alone. **The end of August 1922 marked another grisly milestone, as the mark plunged past 9,000 to the pound- more than 3 times its level just two months prior (108).** + +Those who owned land, houses, manufactured goods, precious metals, and raw materials were the only ones whose wealth remained intact. For all others, the mark’s plunge by this time had destroyed virtually all of their wealth. + +On September 9 1922 the financial authorities announced that in the previous ten days 23 billion marks had been printed and distributed, representing 10% of the total circulation of paper in the country. The newspapers recorded, “**The daily production of the Federal printing press has now risen to 2.6 Billion paper marks. In the course of this month it will be increased to 4 billion paper marks per day, at which figure it is hoped the shortage of money will definitely be overcome**” (pg 111). + +&#x200B; + +[German CPI](https://preview.redd.it/im9x03ejkvn71.jpg?width=780&format=pjpg&auto=webp&s=8fd8eeef62504185a738ad419e8307f6cb896059) + +In October 1922, the situation continued to worsen. The mark seemed to enter a state of free fall, falling from 9,000 to 13,000 in a matter of weeks. September’s 26-mark litre of milk became October’s 50 mark litre. Butter at 50 marks a pound in April could only be had now for 480. The price of a single egg had also doubled, to 14 marks. At the end of October, the mark had slid again, to over 18,000 to the Pound. + +The disparity between the rise of the cost of living and the rise in wages had now become very marked. Whereas the former had gone up by about 1,500 times, the wages of the miner- the best paid worker in Germany- had gone up by barely 200 times. With the mark in Mid-November at 27,000 to the pound, and prices following course, even the highest paid workers were unable to purchase the barest necessities of life. The others- especially those on fixed incomes, suffered accordingly (113-114). + +&#x200B; + +[\(117\)- Money Velocity Increasing](https://preview.redd.it/upx21a7wkvn71.png?width=805&format=png&auto=webp&s=6b8ecfdcf68c31752c74c3b43bf7ef76321210f6) + +&#x200B; + +Social and political unrest continued. Hatred of all foreigners, but especially Jews, became widespread, as the popular explanation was that the Allies and the Jews were collaborating together to manipulate the exchanges and drive the mark ever downwards. The newspapers, goaded on by government officials anxious to drive the public anger away from themselves, propagated and supported these theories. + +In the third week of November, there were serious collisions between police and crowds of angry workers across Germany after they demanded a 100% wage increase and threatened to strike. In Dresden there was a fierce outbreak against the cost of living, with provision shops looted and damage estimated at 100 million marks. This was followed by a noisy display of xenophobia in front of the hotels which housed the foreigners- whose presence in the country was commonly supposed to be the cause of the rise in prices. Food riots followed in Braunschweig and in Berlin. + +Mr. Seeds’ chauffeur still instinctively regarded the mark as being as good as gold, failing to realize how desperately sick it had become. His records in December reported that milk which had cost him 78 marks a litre in the first week of November cost him 202 marks a month later. Butter had risen from 800 to 2,000 marks a lb, sugar from 90 a lb to 220, eggs from 22 each to 30. Meat of any kind was practically unavailable, as sausage skyrocketed to 1,400 marks per lb. + +&#x200B; + +# 1923- The Year of the Wheelbarrow + +&#x200B; + +Even more monetary chaos was yet to come. The French, Belgian, and Italian members of the Reparation Commission, with Britain dissenting, decided on January 9th, 1923, that Germany had been in voluntary default on her coal and timber deliveries under the peace treaty. + +There was then no legal way from preventing Poincare (French Commissioner) from carrying out his threats of invasion. On January 11th, French and Belgium forces crossed the border and seized the Ruhr “for the purposes of securing deliveries”, beginning a formal occupation of the valley. The French Prime Minister warned that sanctions and “coercive measures” would be used if necessary. + +&#x200B; + +[\(French soldiers entering The Ruhr\)](https://preview.redd.it/glcc6yw2lvn71.png?width=683&format=png&auto=webp&s=eb5dc598a2e5676a3ad31fc982870ea869f60cb8) + +&#x200B; + +The Ruhr Valley represented the beating industrial heart of Germany, and accounted for the vast majority of her manufacturing power. The populace there, many of which were war veterans with undying patriotism for the fatherland, began a mass campaign of passive resistance, called “Ruhrkampf”. Hardly anyone worked; hardly anything ran. Coal mining was halted. The population there - 2 million workers, 6 million souls- had to be supported by the rest of the country. + +The German economy was now called upon to subsidize an open-ended strike, and denied the most important domestic products and raw materials- coal, iron, and steel- and was also robbed of its substantial earnings from the Rhine-Ruhr exports. The Exchequer (Treasury) was itself deprived of all the normal tax revenue from a huge portion of the nations’ industry, as well as the coal tax and railway fares. All railway lines within and out of the Ruhr were shut down, as workers refused to operate them, and in some cases, blew the tracks up (122). + +&#x200B; + +[\(127\). ](https://preview.redd.it/5z6t4jlblvn71.png?width=798&format=png&auto=webp&s=dc25a98f6ca800e6317fde26046d3c10a412f85f) + +&#x200B; + +**The significance of the loss of the Ruhr cannot be understated. With her industries no longer producing, and millions out of work, refugees from the Ruhr flooded into the rest of Germany. Goods shortages became even more severe as thousands of farms and factories in the Ruhr were left unattended. Fewer goods being produced meant that prices had to rise even more to account for the shortages.** + +Hemingway, visiting from France, recorded in March 1923 for the Toronto Daily Star that champagne cost 38,000 marks a bottle, and lunch 3,500 marks. + +In March, April, and May of 1923 the government’s income was less than a third of its expenditure. The state of the budget continued to worsen. The Reichsbank, printing out trillions of marks a day, began to run out of ink. + +**The officials resolved, therefore, to only print the markings on one side of the bill to save ink. They then ordered periodicals and newspapers to cut down issuance so that their ink and paper could be appropriated for use by the printing presses. Between May 1st and may 31st the mark fell from 220,000 to 320,000 to the pound. The 1st of June was celebrated with the issuance of the first five-million mark note (pg 137).** + +Petty crime, the crime of desperation, was flourishing. Pilfering had of course been rife since the war, but now it began to occur on a larger, commercial scale. Metal plaques on national monuments were removed. The lead was beginning to disappear overnight from roofs. Petrol was siphoned from tanks of motor cars. + +Barter was already a usual form of exchange, but now commodities such as brass and fuel were becoming the currency of ordinary purchase and payment. A cinema seat cost a lump of coal. Shirts were priced in potatoes. “The Middle Ages have come back,” a German remarked. (139). + +&#x200B; + +[Wheelbarrows of Cash](https://preview.redd.it/asvlkkuflvn71.png?width=682&format=png&auto=webp&s=2a1bd0dda3dfcce36ff4ed6c54a536e79ce892c8) + +There were stories of shoppers who found that thieves had stolen the baskets and suitcases in which they carried their money- leaving the money itself lying on the ground. Workers who had collected paychecks monthly just a few years before, now demanded daily payment- and they brought wheelbarrows with which to pick up their cash. + +&#x200B; + +[\(pg 142- A Milliard here means a Billion\)](https://preview.redd.it/7238snbtlvn71.png?width=845&format=png&auto=webp&s=fba25bcbe5898c640f58192870c2e2694fd16d71) + +&#x200B; + +Prices for everything exploded exponentially higher. The announcement of the exchange rates via the radio became commonplace in shops, as shopkeepers wanted to be updated every minute. Shoppers who walked in to buy cheese, for instance, found that the cost had risen from 6,000 marks to 8,000 marks per pound by the time they left the store. + +Tradesmen could not know how to establish prices, and often simply shut up shop. Cafes began requiring down payments on coffee as the price would double in an hour, and the owners wanted to be sure the customers could pay. + +The sickening truth that was beginning to set in was that as prices rose, the demand for money itself rose. With nearly all food prices upwards of 10,000 marks per pound, the country needed billions of marks per day of new notes to satisfy these prices. They were stuck in a vicious cycle that seemed to drive them ever further into the depths of monetary destruction. + +**During the last days of June 1923, the mark sank from 600,000 to 800,000 to the pound, as the Reichsbank, desperate for foreign currency, was printing marks wholesale and selling them in order to purchase other currencies on the exchange. A month later, the mark would trade at 5,000,000 to the pound.** + +Companies began to pay workers in shoes, or leather, or anything else they could get their hands on. Many businesses began to refuse accepting marks altogether- unless they had ready means of getting rid of them immediately. The Reichsbank, running out of paper, requested all forms of paper be turned in for use by the presses. + +&#x200B; + +[Ratio of Paper Marks to Gold Marks](https://preview.redd.it/g9pengv1mvn71.png?width=800&format=png&auto=webp&s=020bfc5bdbfee9ac9647b64721c7b7c742aa430b) + +Pay raises became daily occurrences. Those firms and cities that did not comply faced mass rioting and looting of their businesses. The demand for money continued to exponentially increase, with one company in Coblenz reporting that it needed $300 Billion marks in cash on Monday in order to stave off riots from the union workers. + +The Reichsbank in early August promised to print locally a trillion marks per day- 2,500 times that which had been printed daily 8 months before. Again the government ordered price increases of 400% for railway fares, and 140,000% increases for income and corporation taxes. A few days later it was proposed to be 600,000% increase. Even if the taxes worked, it would not have reduced the budget imbalance by half (pg 165). + +On August 17, Dr. Havenstein, President of the Reichsbank, stated with pride “Today we issue 20 Trillion marks of new money daily… In the next week, the bank will have increased this to 46 Trillion daily. The total money supply at present amounts to $63 Trillion- thus we will be able to issue, in a few days, 66% of the total prior circulation. Before he spoke the mark was trading at 12.5 million to the pound, within 48 hours it collapsed to 22 million to the pound. + +The state of the people was desperate. **Farmers, seeing the monetary chaos unleashed by the Reichsbank, withheld their produce and meat from the cities. Bakers hoarded their bread, as each passing day they waited to sell, the prices climbed even more.** + +**This created the perverse scenario where farms were filled with food, and barns bursting with produce- but nothing at all to eat in the cities, where mass starvation began.** Looting of grocery markets became commonplace, so they shut down. Tens of thousands began dying of starvation. A general state of famine was unfolding across Germany- as recorded by a British businessman: + +&#x200B; + +[\(pg 199\)](https://preview.redd.it/bvd1y8ocmvn71.png?width=758&format=png&auto=webp&s=8113f2d882d77d43492b3852e6e324bdaa0765e4) + +&#x200B; + +The Nazi party, unknown to most before 1922, exploded in popularity. On September 2, 1923, 100,000 demonstrators gathered for a rally at Nuremburg, where Hitler stood and launched a virulent attack upon the government, which was about to surrender Germany’s honour to France. Within a week, sometimes speaking 5 or 6 times a day, Hitler was calling for the installation of a national dictatorship. + +The government, hungry for anything that still held value, ordered soldiers to raid cafes in Berlin, forcing customers at gunpoint to hand over all foreign currencies. The soldiers only collected a few thousand dollars worth of money, but the exercise demonstrated not only the futility of the policy, but the desperation of an advanced industrial nation which was unable to find bidders in a foreign market for their marks. + +**British Councillor to the Ambassador, Addison, recorded on September 9th, 1923 that the mark had collapsed from 300 million to the pound to 500 million just in the last 24 hours.** In an act of desperation, everyone, Ministers and the Chancellor included, were hoarding all the food they could, and refused to pay taxes. The only impediment to the distribution of food was the lack of negotiable currency to pay for it. + +By late September, the Reichsbank was printing 3.2 Quadrillion marks per week, an astounding amount which only purchased a measly 5.2 million Pounds. Calculating prices became near impossible, as the dizzying numbers were hard to contemplate. + +&#x200B; + +[\(The cash needed to buy a single loaf of bread, Oct 1923\)](https://preview.redd.it/tmpe58bfmvn71.png?width=681&format=png&auto=webp&s=175785e0829d266d3a0807bc11cb6f7813f6ff3c) + +&#x200B; + +The Government’s control of the political, let alone financial situation, was near the breaking point. On September 26th, Stresemann, the Minister of Foreign Affairs, suspended the Weimar Constitution, declared a State of Emergency, and gave executive powers to Herr Gessler, the Defense Minister. The transfer was a formality- Effectively, from then on, for five months, General von Seeckt, Commander in Chief of the Reichswehr (Weimar Army), was the supreme executive power in the land. There were whispers of a military coup in the streets. + +**On October 15, the marks’ rate against the pound passed 18 billion. Six days later, it was at 80 billion. At the end of the month, the total M1 money supply (bills in circulation) amounted to 2,496,822,909,038,000,000- or 2.49 Quintillion marks. The mark traded Oct 31st at 310 Billion to the pound.** + +As November started, a new man, Dr. Schacht was appointed as Commissioner of the Currency. The state of the National Budget was appalling. In the previous 10 days, Federal spending had exceeded revenue by 1,000 times. The financial statements of the State included on every page a reminder that all figures were in Quadrillions. + +**The cost of living index, taking 1914 as 1, had risen from September’s average of 15 million, to 3.6 billion in October, and reached 218 Billion on November 12, 1923.** + +Dr. Schacht ordered the immediate halt of the printing press on November 15. Havenstein, the President of the Reichsbank, was furious. Schacht recorded that all the unissued paper marks then in the hands of the Reichsbank, would have filled 300 ten-ton railway wagons. + +**The mark, already in freefall, had too much downward momentum, and thus continued it’s parabolic decline. 12 Trillion to the Pound on November 15- then 18 Trillion to the Pound just 5 days later.** + +Schacht announced the creation of a new currency- the Rentenmark, which was to be backed by land. + +&#x200B; + +[\(pg 206\)](https://preview.redd.it/4evlmecmmvn71.png?width=823&format=png&auto=webp&s=bedeb584615fe50e1104bbcbbfd2f6972ab5b298) + +&#x200B; + +By November 30, 500 million Rentenmarks went into circulation. This finally did the trick- as there was a fixed issuance of notes, and they had been backed by a scarce commodity like land, the people, exhausted from the chaos of the months before, readily switched to the Rentenmark. Prices stabilized, exchange rates normalized, and food started flowing back into the city markets. The new money was accepted, despite the fact that it was an inconvertible paper currency. It was held and not spent as rapidly. + +**The exchange rate from the paper mark to the old gold marks was 1,000,000,000,000 to 1- one Trillion old marks for each gold mark. The previous exchange rate before the war had been 4:1. The total old paper mark note circulation (M1 Money Supply) had ended November at 400 Quintillion.** + +By December, the food shortages had completely resolved, and the political situation stabilized somewhat. The Weimar Republic would exist for another decade, until 1933, when the Nazi Party, led by Hitler, took over the government and permanently suspended the constitution. + +&#x200B; + +&#x200B; + +# Smooth Brain Summary: + +Germany entered WW1 due to a complex web of alliances that dragged it into conflict via Austria Hungary declaring war on Serbia in 1914. + +Millions of men died, and enormous amounts of infrastructure were destroyed. The German state loaded itself up with debts to pay for the war, and spending continued to increase after the War, setting the nation up for a monetary disaster. + +As no financing options were available, the State decided to allow the Reichsbank to print the State deficits, so that they could come up with the money needed to pay reparations payments and keep government services functioning. + +Inflation began soaring in 1921, and devastating feedback loops came into effect. German banks began dumping marks on the exchange, and capital began fleeing the country. Social confidence in the mark deteriorated, and money velocity started to accelerate. Inflation reached into the thousands of percent. + +Furious that they were being paid in ever more worthless paper marks, the French occupied the German Ruhr river valley in early 1923. This was the last straw, as the Ruhr was the industrial heartland. Goods became even more scarce, and prices raced upwards. + +In mid-1923, the mark, already in a hyperinflation, began to go parabolic. Food shortages became common, and riots and political turmoil followed. Radical elements, like Hitler, grew in popularity. + +Things were finally stabilized in late November 1923 with a monetary reset- a new currency was introduced, one that was backed by land, and monetary velocity + inflation finally began to fall, prices stabilized. The seeds were sown for the Nazis’ ascent to power a decade later. + +&#x200B; + +# Epilogue: + +We’ve covered in depth the rapid collapse of the mark and Germany’s descent into the abyss of hyperinflation. The next sections will focus on the United States in the present day, and the dilemma the Fed faces- how to deal with the insurmountable debt levels now permeating the entire American economy and Federal Gov’t- and their ultimate dilemma; whether to destroy the Treasury (by raising rates) or destroy the Dollar (by printing it to oblivion). + +As we continue through this series, I want you to reflect on the factors present in Weimar Germany in 1919 before the collapse, compared to the modern U.S. Of course Weimar is not a perfect analogue to the US, we are 100 years more advanced technologically, more socially progressive, and not under threat of military invasion. That being said, there are important similarities. + +Factors: + +* **Massive, unpayable government debt** +* **Rapidly increasing Federal deficit spending** +* Tax evasion, especially by the wealthy +* Recently lost a costly war +* **Exponentially growing money supply** +* Inflationary Feedback Loops +* **Rising Inflation** +* Increasing political polarization +* **Social and moral decay of the upper classes; decline of institutions** +* **Increasing wealth inequality; Mass amounts of homeless veterans** +* Increasing xenophobia +* End of debt cycle + mass bankruptcies of companies +* **Political turmoil, riots against the establishment** +* Profiteering by wealthy industrialists to buy up huge swaths of real estate +* Banks using backchannels to move capital out of the country +* **Massive loss of industrial manufacturing** (In Germany, due to War/Occupation- in the US, due to China) +* **Shortages of goods** +* **Evaporation of the Middle Classes** +* **Rapidly rising home + asset prices** +* Gambling on the stock exchanges (WSB in general, except GME) +* Rampant corruption and greed in government offices +* Central banks buying massive amounts of government debt +* Politicians’ continual denial of the worsening inflation + +&#x200B; + +&#x200B; + +# BUY, HODL, BUCKLE UP. + +# >>>>>>>TO BE CONTINUED >>>>>>> PART 4.2 “AT WORLD’S END” + +&#x200B; + +**(Adding this to clear up FUD- My argument is for hyperinflation to begin in a few years- this is a years- long PROCESS, and will take a long time to play out. It won't happen tomorrow, but we are in the same situation as Germany after WW1. BUY AND HOLD.** + +*Nothing on this Post constitutes investment advice, performance data or any recommendation that any security, portfolio of securities, investment product, transaction or investment strategy is suitable for any specific person. From reading my Post I cannot assess anything about your personal circumstances, your finances, or your goals and objectives, all of which are unique to you, so any opinions or information contained on this Post are just that – an opinion or information. Please consult a financial professional if you seek advice.* + +\*If you would like to learn more, check out my recommended reading list [here](https://docs.google.com/document/d/1nSw9odLoExaq0oEBqIHrCK1Xj5KfyjBkGQZ93LTh34g/edit?usp=sharing). This is a dummy google account, so feel free to share with friends- none of my personal information is attached. You can also check out a Google docs version of my[ Endgame Series here](https://docs.google.com/document/d/1552Gu7F2cJV5Bgw93ZGgCONXeenPdjKBbhbUs6shg6s/edit?usp=sharing). If you want a PDF version, [u/zedinstead](https://www.reddit.com/u/zedinstead/) made copies of Parts 1,2, and 3 in his Superstonk DD library [here](https://www.reddit.com/r/Superstonk/comments/p7fx8w/the_superstonk_library_of_dd_art_books_and/). +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. +https://www.cnbc.com/2019/05/20/google-stops-some-business-with-huawei-could-hit-its-global-smartphone-ambitions.html + +Google has suspended business activity with Huawei that involves the transfer or hardware, software and key technical services. + +That means Huawei will not be able to license the Android operating system complete with Google services and will instead have to use an open-source version. + +Analysts said that could cause big problems for the company internationally, where nearly half of its smartphone shipments go. + +Other Huawei suppliers, including Qualcomm and Intel, reportedly told employees they will not sell to the Chinese firm until further notice. +Using [EV-CPO.com](https://EV-CPO.com), I've been tracking used Model 3 pricing primarily for my own research. I have parameters set for Clean title, under $45k, and under 30k miles. A month ago, a couple would pop up and get snagged very quickly. Since 11/8, average pricing has come down around 6%, but the amount of inventory has been doubling each week. 70 @ 11/17, 150 @ 11/22, 288 @ 11/27. It appears inventory is getting released but cars are just sitting likely because a base 2023 M3 (edit: Tesla Model 3) is $46k with only a couple week lead time. But whether it's Elon's antics tarnishing the brand, high interest rates, or hesitancy in spending, it seems like it's having an effect for sure. +So far I didnt get bad tenants but my fear in the future is leasing to a problematic tenant. I hear stories about destroying everything etc. If that happens, can you sue the tenant? What are your tips of selecting a good tenant? +My aunt died and after it was all said and done there was about 25k left. She was very explicit that she wanted her “adopted” granddaughter to get the money when she was 18. She also was very adamant she didn’t want the mother of the “granddaughter” to receive any of this money. I’m not close at all with this little girl, I don’t even know her age. I believe her to be between 11 and 13. But I understand this is my aunts money not mine and I would like to honor her wishes. What low risk options do I have to keep this money until I can ensure her mother will not get any of it? Like is a CD a good option? I’m not well versed in finance but I know enough that I shouldn’t just sit on this money for 5+ years. Any help would be appreciated. Also im on mobile so sorry if formatting is weird. +Hi everybody. Wondering out loud a bit with this post. + +Last night, after a family gathering, I got to talking to an elder. He was an athlete (and, for a few years, soldier) in another country for much of his life, and traveled internationally for many years, and shared some nice stories. It got my thinking about my own path. I'm a lawyer in my 30s who had a relatively boring (but happy!) suburban upbringing and went straight through from high school to college, college to law school and law school to a big firm. Even my summer and campus jobs were all desk jobs. I have a very happy home life and family, but I don't know if I'll have a ton of interesting stories to share when I'm the elder at the table. + +Through a combination of luck and skill, I've recently struck out on my own and am working on certain matters that I expect to net about $2 million for me personally in the next year or two (after costs and taxation). That's my baseline scenario - could be more, could be less, could be zero, but I think $2m is an appropriate assumption, and others in my field have validated it. My current NW is about $1 million. My wife earns about $300k+bonus. We live in a HCOL neighborhood surrounded by VHCOL neighborhoods, which is our fat version of frugality. + +I've been thinking in idle moments about what to do after I cash in on my current projects, caution about counting the money too early aside. My wife absolutely loves her career and intends to continue on with it for the foreseeable future. So $3m NW with spouse earning $300k+/yr enables me to do pretty much whatever I want - but not to do nothing. Both personal pride and good sense dictate that I should still try to bring in at least $100-$200k annually. + +I'd like to pursue something next that lets me travel a bit and gets me interacting with more people and just gives me a wider breadth of life experience. For six months to a year after the high-value matters wrap up, I'll probably try to write a bit, spend time with my kid, and enjoy life. After that, though, I'll want to pursue something new. It could be as a lawyer or not. And I'd prefer that it allow at least some schedule flexibility and not a crushing amount of hours. But mainly it needs to get me some action. + +Any thoughts welcome. And yes, it's probably in part the COVID isolation talking. + +Peace and love to all. +I first heard about the idea on Steven Dubner's excellent Freakonomics podcast episode "[America's Hidden Duopoly](http://freakonomics.com/podcast/politics-industry/)" and it really struck me as an appropriate analysis. The two political parties are in the business of producing policies, and because they have a duopoly the consumer gets too few (or too poor) policies, and the two parties manage to stay in absolute power. + +That's not to say that all of the US's current political problems are because of this, but I think it's worth remembering that both parties gerrymander, both parties pass legislation that raise barriers to entry, and both parties somehow manage to dissatisfy the majority of Americans one way or another. + +I'm particularly thinking about this amidst all of this shutdown nonsense, and all of the finger pointing that's going on. Both sides are being stubborn for sure, but in the end it's really the taxpayers who are losing out. I really do wish we had a viable political system to support third party candidates, and the Dubner podcast suggests some interesting solutions. + +With all of this said, do YOU think that the US political parties act as a duopoly? Why or why not? +Hello again friends! Wow the last 24 hours have been amazing!🫡 + +We've crossed $1.5M in total volume in less than 24hours. We're at $1,643,190.29 of USD volume since the last bot run. + +[Aggregate volume in USD is $1,643,190.29](https://preview.redd.it/scjkiycmd5b91.png?width=2046&format=png&auto=webp&s=7fffc8b7caff075425422208bb19086530f4ecf1) + +Site & bot updates: + +\- I've updated the bot to support big numbers better because we're going to need it :) + +\- I've added a new file called snapshots.csv in the GitHub repo to track the amounts I'm seeing over time. This can be used to create a graph. + +\- The MOST asked for feature of commas in the numbers was contributed by a community member: [https://github.com/kowsheek/nft-gamestop-marketplace-metrics/pull/2](https://github.com/kowsheek/nft-gamestop-marketplace-metrics/pull/2) + +\- Additional contributions were made by others as well, THANK YOU [https://github.com/kowsheek/nft-gamestop-marketplace-metrics/pulls?q=is%3Apr+sort%3Aupdated-desc+](https://github.com/kowsheek/nft-gamestop-marketplace-metrics/pulls?q=is%3Apr+sort%3Aupdated-desc+) + +\- There have been lots of requests for features, I'll be putting them up on GitHub for us to tackle + +Links: + +\- Metrics Site: [https://sevenfourone.live/](https://sevenfourone.live/) + +\- NFT Marketplace: [https://nft.gamestop.com/](https://nft.gamestop.com/) + +UPDATE: + +We need your help: let's please find what the fees paid to GameStop are and I will update the site accordingly. Please see the discussion here: [https://github.com/kowsheek/nft-gamestop-marketplace-metrics/issues/1](https://github.com/kowsheek/nft-gamestop-marketplace-metrics/issues/1) + +UPDATE: + +The marketplace volume is at $1,978,621.88 USD a little more than 24hrs since launch and will likely break $2M today! Post here: https://www.reddit.com/r/Superstonk/comments/vxmdkh/special_24hour_marketplace_metrics_update/ +An apology is in order after my prediction got disproven today. + +I'm sorry. Kind of feel like I let Apes down here. Even though a majority of this theory was speculation, I was so confident that I was gonna be right because it all made sense, and yet my obstinacy got the best of me. + +Here's the latest [Schedule 13D](https://www.sec.gov/Archives/edgar/data/0000886158/000092189522002496/sc13da313351002_08182022.htm) that debunks my thesis: + +https://preview.redd.it/zpgywasfoji91.png?width=944&format=png&auto=webp&s=4f487efb7971e30e8d794002e2af0b201ab611eb + +All BBBY positions sold: + +https://preview.redd.it/5z3r37nooji91.png?width=1335&format=png&auto=webp&s=43a8c1591118e0800893e7eddd0a7347b8017e83 + +And my prediction that he was betting on MOASS before Jan 2023 because of the BBBY calls, thereby using a basket stock to take profits during MOASS, is invalidated: + +https://preview.redd.it/iho6fosnmji91.png?width=691&format=png&auto=webp&s=2f689aa9790bccb2acb814b729bdf32d4560527a + +Why did RC sell all his BBBY positions? + +I don't know. And tbh after my incorrect prediction, I'm not gonna try to speculate. But I do trust RC. He's a good man. He knows what he's doing, and so for whatever reason he did this, I trust that he's got everything planned out. + +He's never sold a single GME share, and has only added to his position. He cares a lot about GameStop and its transformation. I considered the BBBY thing to be more for profit taking, but he did put some of his people in the BBBY board and help the basket stock out in many respects, which is another wedge towards SHFs. + +As for if MOASS is gonna happen by the end of 2022, one of the main things I was riding on was RC's calls, because I legitimately thought he was predicting MOASS before Jan 2023, but since that got shot down, I'm less certain ngl. + +Ignore the whole 3 month thing with the calls, because that's irrelevant now, but in terms of MOASS not happening by the end of the year, that is something that is yet to be seen, because there's still lots of factors at play. + +Unlike the RC BBBY calls theory that was majority speculation, we do have confirmation that Bafin and Austrian FMA (the German and Austrian SEC respectively) are still currently working on ensuring that all their brokers have received GME shares correctly (in the form of a dividend): + +[Recent German SEC response](https://www.reddit.com/r/Superstonk/comments/wmk4ia/post_from_german_sec_for_bafin_the_actual/) + +[Recent Austrian SEC response](https://www.reddit.com/r/Superstonk/comments/wnl9il/austrian_financial_market_authority_fma_the/) + +There's no speculation here. Neither is the fact that GME has the Golden Cross, or virtually 133 consecutive days of 100 utilization (except 1 day that was 98%), or the facts that 2021Q3&4 CTB were infinitesimal compared to CTB rate right now, or the fact that new DRS numbers are coming out in September, and DRS rates have only been increasing this year. So, there's still tons and tons to look forward to. I could still be wrong about MOASS not happening by the end of 2022, and in that case y'all will get some sort of ass either way (either moass or myass), so it is what it is. + +But I'm really just making this post to apologize and provide reassurance. I'm sorry, I messed up, should've been more diligent before making a prediction like that; however, the future is still unphased for GME. That should be an important takeaway. + +Take care, and see y'all on the moon. 🦍🚀🌚 + +Edit: Wanted to add that after watching the video of Cramer freaking out and [calling for the SEC to subpoena RC](https://www.reddit.com/r/Superstonk/comments/wrm6k7/cramer_calling_for_sec_to_subpoena_rc_and_the/?utm_source=share&utm_medium=web2x&context=3), it tells me that RC made the right decision. + +Edit #2: Here's a post from Ape u/WhatCanIMakeToday that explains what possibly happened. Honestly adds up, and I think a lot of Apes wanting to dig deeper could greatly benefit from the information provided in this post, so I'm sharing it here: + +[GME and BBBY: RC Turning Tables in 69-D Chess](https://www.reddit.com/r/Superstonk/comments/wrvoo5/gme_and_bbby_rc_turning_tables_in_69d_chess/?sort=confidence) +So I’m putting this here because it seems like r/dividends would understand Warren Buffett far better than a few other stock subs would. [Berkshire Hathaway’s Odd Behaviors ](https://www.fool.com/investing/2020/11/19/no-joke-buffett-has-now-sold-35-stocks-in-9-months/) + +It seems Warren Buffett may no longer be making the big decisions of stock picks at Berkshire Hathaway and letting his other employees have a crack at the market. I realize he’s been doing this for probably a decade but I think it’s recent events that really highlight who may be running the company. A lot of the recent events we’ve seen come from Berkshire of late is very atypical of Warren’s stock process. Massive losses with airlines (along with moving into airlines in the first place), moving into tech (which may make sense since times are changing), picking up pharmaceutical companies, and actual stock selling of long term holdings when he said he would likely hold these stocks forever, and more. It seems Warren’s company is turning into a typical investor firm rather than that legendary stock picking he’s known for. + +I think the moment I stumbled on this happened to be when Berkshire sold off Costco at a time where it would make sense to hold Costco and given Costco is Charlie Munger’s cup of tea. Ever since then I’ve noticed more and more atypical Warren decisions and I’m wondering why + +It obviously makes sense that he cedes company control because he can’t live forever but I would have thought the people under him understood his principles and would have continued the practice after decades of training +# Why the market is rising in the early cycle of a pandemic + +It really bothers me when I don’t understand something; what drives me insane is when something happens that is the exact opposite of what I think should be happening.  The current divergence between the US stock market and the economy is one such conundrum. Judging by the conversations I’ve been having lately with some really smart people, it feels like I’m not the only one. + +Why is the market rising? + +Yesterday I had some really cool conversations with Arvind Ravishunkar and Craig Weinstein that brought us to a potential answer; one that now makes me think that what is happening is actually rational.  I have no idea if our theories are correct; I just thought they were interesting enough to write it down and share it and potentially get a discussion going. + +These are just ideas that I hope help any of you as it helped me. + +So, what’s actually going on?  The US equities market S&P500 index hit a closing high on February 19th 2020 of 3,386.15.  At one point on March 23rd, it had dropped to 2237. Why did the market drop so far so quickly? I believe it was because the shutdown of the world economy, and specifically the US economy, put the possibilities of mass bankruptcies on the table due to a potential liquidity crisis. This realization that the equity value of billion dollar companies across industries in oil and gas, retail, banking, and many others could go to zero in a matter of weeks led to an unprecedented flight from the stocks of these companies.  It made total sense why investors were scared. Most enterprise companies in the S&P500 require continuous liquidity, I.e. access to short term debt, to run day to day operations. If demand-side shocks cause revenue to go close to zero (stay-at-home orders), then they would need access to cash fast to cover fixed expenses, debt payments, and critical operational expenses. The amount of cash available through traditional bank and debt (bond) channels would be unable to serve the trillions needed, which means these enterprise companies would be out of business due to the lack of oxygen (cash).   + +That’s when the FED did something even more unprecedented than the pandemic itself, they came out and provided huge amounts (trillions) of liquidity, and essentially bankrolled the economy at a scale that has never been done before.  They also didn’t discriminate, and decided to provide liquidity to everyone that could have a contagion impact; banks, mortgage backed securities, high grade corporate debt, low grade corporate debt, and Main Street lending. The low grade corporate debt was the real signal that no matter what happens the Federal reserve would allow no company to fail due to lack of liquidity.  It was with this statement, that no company would fail due to lack of liquidity, that made the market make the following statement. + +“With bankruptcies off the table, and the Fed showing an unlimited appetite to provide liquidity for an undetermined amount of time, then investors could take a longer look out at the economy, potentially even 18 months out, and take the chance that most companies will be around to service demand when it returns in mid 2021.” + +Essentially, the market is willing to dismiss the earnings of the next 12 months, and look at earnings 18-24 months out. Since there seems to be no short term impact to an eventual 10-15 Trillion Fed balance sheet, it made more sense to park money in equities than it was to put money into short and long term debt that will average a 1% return.  This happened even though the Feds actions are deflationary, because it keeps supply (businesses producing more) at a growth level higher than demand (consumers who want to spend).  + +At the same time, the Fed also bought up the debt of the US Government, ensuring that interest rates remain close to zero so that the US government can continue to service its own increasing deficit, and increased dollar-swap lines so emerging markets could do the same. + +So what are the risks that could drive the US equity market down from here? + +1. Any uncertainty that the Fed has changed its position and that unlimited liquidity is off the table.  That would mean that debt liquidity could evaporate, leaving companies back to going to zero. +2. That the only market bigger than the debt market, the FX market, changes direction and decides that they don’t want to service their debt in dollars, and the counter parties agree. Then the Fed would lose control of interest rates, as the demand for dollars plummets, forcing an increase in interest rates to raise the demand for dollars. +3. Demand (from consumers) remains structurally depressed past 12 months. + +\#3 is really interesting here, because I think #1 and #2 have a low probability.  During an election year, there is no way Trump will turn off the debt spigot, and if Biden wins, he wont have the political capital to do it either.  For #2, I think this **will** happen, but closer to 2026, when debt levels accelerate worldwide towards 1000% of GDP (rather than the 300-600% it is today). + +So if #3 happens, I think the Fed will move directly to lending to the consumer.  Opening up term loans to consumers would of course put all banks out of business, so they would do this by buying consumer debt directly from the banks.  This would drive the cost (interest rate) of revolving credit down to the single digits, allowing consumers to load up on debt faster than ever before, spurring an unprecedented period of growth.  It is this that will eventually lead to scenario #2, because as the world debts level topple themselves over, they will have no choice but to abandon their dollar-denominated debt, which then would contagion into hyperinflation into the USA, which the Fed would be powerless to stop. + +So, that’s what we’ve come up with.  It is perfectly rational for the US equity market to rise because of the fact that the market has a) no place to earn a higher return to put trillions of investable cash to work and b) the feds actions have taken the risk to zero off the table, allowing investors the ability to ignore the next 12 months and focus on the next 18-24 months, keeping businesses afloat while demand has time to come back to February 2020 levels. +I did (and do) want to do a PhD but I've had a number of people tell me that my profile isn't suited for one, including a former professor. + +Unfortunately it does seem that way - my profile doesn't have any of the 'features' that are required for admission in a good program. + +Therefore, I think I will be following the non-PhD route - I was wondering how many of you have taken that route and how you're doing right now. Mostly in terms of your job profiles, the kind of work you do everyday, and job satisfaction. +I doubt Bank of America would appreciate suddenly getting a couple billion pop up in my high-interest savings account ha ha. There must be a lot of work put in advance in order to negate potential investment losses right? If it has to be liquid, the buyer would have to liquidate investments (because who would have that much liquidity, wasteful!), but that would also drive the price down. And on the seller's side, they would need to have a bunch of investments ready to go in order to not lose out on opportunities or have the money stagnate. It just seems like it would be like one of those multi-part organ donations, where each person helps out the next person. +Fidelity borrow fee increased last night. I like to think this is a great metric to use since Fidelity is a very large broker and many apes have shares there. Ortex has average rate around 8%. + +Additionally, there are now 21M shares on loan, up from 20M last week. + +According to computershared.net there are 22.5M shares left in the free float. + +21M shares on loan out of 22.5M shares available🤔 + +We are well on our way towards a historic squeeze. + +Keep buying, holding, and DRSing as usual, it's causing all sorts of problems for the shorts. +In an attempt to save for a house deposit, I've been eating like a student for 5+ years, buy nothing except for absolute essentials, spend the bare minimum on utilities, have no subscription or streaming services, and decline most social invitations that involve spending money. My only holiday every year has usually been a week or two of housesitting for my aunt who lives on the Kent coast (which I love and am very lucky to have the opportunity). Later this year I'm going to France for a wedding and staying on for a few days with friends, which I feel guilty about. + +During this time I've been earning between £40-50k a year and very grateful to be able to save at least £600 a month (£1000 a month more recently, since I got a pay rise and have been working remotely). I currently live in a house share and housing costs are high because I'm in the SE. (My family live here, my work industry is here, I can't help it, sorry). + +But to be honest I'm sad and lonely and no closer to buying a home, with costs and house prices rocketing. Do I just give up and live my life? Whenever I bring this issue up I'm just told (mainly by older relatives) that I need to cut out frivulous spending like clothes and takeaways and holidays and it really upsets me because I don't spend on these things, and it's not helping! +Just a reminder that however big this is for GME over time, any official announcement today will most likely not trigger MOASS. Only one thing can prove beyond a reasonable doubt that the entire financial systems is fraudulent, and that's registering the entire float. + +I've seen posts speculating that a large amount of people don't want to post DRS proof for DRSBot. To those of you in this camp, thank you! You're some of the unsung heroes of this story. This isn't a group. There are no leaders. If you are concerned about possibly doxxing yourself then do not post. If you want to post for the bot's count, great! + +But please remember that the NFT Marketplace announcement will "believe it or not" most likely drop the price as SHFs shit their pants and naked short some more. Expect Same Shit Different Day until the float is registered. + +All I'm saying is let's keep our eyes on the prize: **registering the float.** + +Edit: I wanted to clarify one thing. I became more objective as I wrote the post and didn't double check the title. I don't know that DRS will be what triggers MOASS. Nobody knows what will trigger the MOASS exactly. My stance is simply let's not lose focus of the "cone + poo + chair" bread crumbs we've been left. DRSing shares was acknowledged for the first time in the last quarterly reports. I took that as support of our efforts. Once a full announcement comes out, I will reconsider at that time. Until then, DRSing share to ComputerShare puts the shares directly in your name and makes short hedge funds' lives chaotic. That's enough reason for me. + +&#x200B; + +PS - To any paid shills, you can still flip on your failing employer and report the crimes you're aware of to federal agencies. You may even be monetarily rewarded for doing so. There's even a law passed that employers cannot forbid such actions. If a smarter ape wants to fill out these details in the comments that would be great. + +Paid shills see here for details on getting paid: https://reddit.com/r/Superstonk/comments/rqri36/the_sec_has_awarded_more_money_this_year_than_all/ +Press Release from Financial Stability Oversight Council through Treasury on Friday: [https://home.treasury.gov/news/press-releases/jy0587](https://home.treasury.gov/news/press-releases/jy0587) + +FSOC includes Janet Yellen, Jerome Powell, & Gary Gensler. This is coming from the top, which means all 3 have been forced to admit these issues exist. + +https://preview.redd.it/hu24d1n3nfg81.png?width=803&format=png&auto=webp&s=7566e07859c86b2c1c7f5889a77d8c0bcdb4aedd + +This section runs through most of what we've already learned about Hedge Funds, but it is pretty important to see them openly admitted by FSOC. Interesting that the release specifically adds "also used by hedge funds" when talking about Archegos, as if to make the point that the disaster Archegos caused in March 2021 is exactly what is happening with Hedge Funds now. + +The last bit is also very interesting: "uncleared bilateral repurchase agreement, an important source of leverage for hedge funds." Repo has been a big topic throughout this journey, and Apes have previously celebrated changes to Repo rules that have applied haircuts to certain collateral, or even stopped accepting them as collateral entirely. So what are these "uncleared bilateral repurchase agreements" that are so important to the leverage of Hedge Funds? + +First, in review, a repurchase agreement in this context is when a Hedge Fund provides collateral in exchange for cash. The Hedge Fund now has the money to meet margin requirements or continue shorting or other such business. + +So what is a BILATERAL repurchase agreement? + + + +[https:\/\/www.federalregister.gov\/documents\/2018\/07\/10\/2018-14706\/ongoing-data-collection-of-centrally-cleared-transactions-in-the-us-repurchase-agreement-market#h-21](https://preview.redd.it/7ciqxtsmpfg81.png?width=556&format=png&auto=webp&s=4c4a43c5577995b16c26ae6bbb188b71b9d777d8) + +In essence, there are two important definitions here: + +Uncleared: Will never be submitted to a Clearing House and will remain OTC. + +Bilateral: Agreement is handled directly between the lender and borrower, as opposed to Triparty where an independent third party is put in place to ensure that the numbers / margin / settlement are correct and enforced. + +Taken as a whole, FSOC's statement asserts that Hedge Funds are being heavily funded with cash through repurchase agreements that are completely opaque. The lending parties could be accepting complete garbage collateral, valuing that collateral at whatever they choose, and deciding not to margin call the Hedge Funds no matter what's going on with them or their collateral. + +Continuing on with the Press Release, this was the most surprising commentary: + +https://preview.redd.it/pt0qxjnzsfg81.png?width=789&format=png&auto=webp&s=8def4a7a745100cf3f9c9bc971b900c6b9251a47 + +Liquidity and redemption is something that has been covered repeatedly in DD on ETF abuses. While this section doesn't specifically mention ETF's, and goes on to talk about other areas of the market, I suspect this was their best attempt to bury the lede. + +https://preview.redd.it/24hlzr7eufg81.png?width=667&format=png&auto=webp&s=933e7a1539d52a1c44368272949d941f312c580d + +And indeed, the XRT ETF is legally registered as an Open-End Fund: + +https://preview.redd.it/0w4rndhoufg81.png?width=750&format=png&auto=webp&s=5eb0239cf84962e4e6fdc91355c1a0194f9fd83e +I really have nowhere to put this or anyone to tell but I've been crying, freaking out, and going crazy! I got hired at a school for the evenings and **just** accepted the position for a second job at Starbucks **back to back**! I'm scared about failing both after being laid off in March and having my confidence destroyed by so many job rejections but I'm so freaking happy! Things are finally starting to align and I feel like I'm going to burst!!!! + +Edit: Thank you all so much for the love and support. I ended up having a happy cry on the way to the laundromat! Words can never express just how happy, relieved, and loved I feel in this moment and this feeling will always be special to me!! Thank you all again!!! And I hope everyone has a great day!!! : ) +**60%** in **United Natural Foods, Inc.** (**UNFI**) is a Providence, R.I. - based natural and organic food company. It is the largest publicly traded wholesale distributor of health and specialty food in the United States and Canada. + +* Currently trading at **Price/Sales** of **0.08** vs historical average of **0.30** (high range is **0.50 - 0.60** times sales) +* **Revenue** is **$27.35 billion** vs **$2.07 billion market cap** +* **P/E** of **8** +* **Price/Free Cash Flow** of **3.3** +* Enterprise Value/EBITDA is 8.49 +* **Gross profit yield** is over **100%** + +**40%** in **R.R. Donnelley** (**RRD**) is an American Fortune 500 integrated communications company that provides marketing and business communications, commercial printing, and related services. + +* Current Price/Sales Ratio of **0.09**, high P/S ratio of 0.45, **average** is around **0.20** over the past decade. +* Enterprise Value/EBITDA is 7.27 +* Market cap of $404 million +* Revenue of $4.72 billion +* $210.5 million in operating cash flow +* **Gross profit yield** is over **100%** + +Edit: I use the term "cigar butt" to refer to any deep value situation (particularly when the business is not a wonderful business) not just the "net net" situations of Ben Graham. Charlie Munger used the term "cigar butt" to describe his investment in Tenneco years ago. Tenneco was highly leveraged and had negative book value (Ben Graham likely wouldn't have touched it with a ten foot pole) but Munger saw it was deeply depressed and if there was any mean reversion in the business and in valuation the stock would rise a lot. Tenneco’s stock soared well above Munger’s buy price of \~$1.50-$2.00 in 2001, soaring to \~$15/share in mid-to-late 2004 at which point he cashed out. +https://www.cnn.com/2020/05/28/investing/carl-icahn-hertz-bankruptcy-loss/index.html + +"Carl Icahn believed in Hertz right up until the end. And it cost him $2 billion. Icahn was the largest shareholder in Hertz, which filed for bankruptcy late Friday night". +https://questions-statements.parliament.uk/written-statements/detail/2022-01-28/hcws569 + +Commentary from: + +Paul Johnson of the IFS: https://twitter.com/PJTheEconomist/status/1487081246471725066 + +And Chris Giles of the FT: https://twitter.com/ChrisGiles_/status/1487084811944665090 + +Fun times ahead!!!!!!! Cost of living crisis goes vroooom vrooom!!! A v subtle way of hurting graduates, not as in your face as taxes which is why I think it annoys me more. +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! + +The price of a single share is important! + +Not financial advice. + +Love twall. + +Apes together strong. + +Edit: Thanks for the amazing response to this lil piece of fluff. I reckon that it's important that people understand that this is simply supplemental conjecture for your consideration because we care for eachother. You should probably not post your positions, or coordinate any share sale plan. +What lessons learned might you be willing to share from an investment perspective? Things you wished you had’ve done or shouldn’t have done from an investing/financial perspective? + +Commentary on how you handled your RRSP and TFSA? + +USA investment strategy as a Canadian on a TN? + +Did you keep your property (especially investment/recreational) in Canada or sell it? + +Commentary on buying housing in the USA vs your experience in Canada? + +Tax/investing complications with CRA on becoming non-resident? + +TN hiccups? + +What about those that have returned to Canada? Financially wrt to getting yourself rolling again in Canada investment/banking wise? + +Other international/expat info is appreciated but with all the different countries and specifics I’d like to keep this post focused on 🇺🇸 🇨🇦 + +*please, no bashing of US health insurance or their health system. If you have helpful tips as it pertains to this please contribute. Broad, hyperbolic statements such as the system is “hot garbage” etc are not being sought here. It’s a separate issue I’ll flush out elsewhere and frankly not a concern as far as this post goes. + +If you were doing it over again and leaving Canada for 2-5 years what you do to prep or set yourself up to come back investment wise? + +TIA + 🚀🚀 ElonTech (ETCH)🚀 🚀 + +A true 1000x goal expected in 2021! 10% Burning tokens and promotions to blast us to this every month. + +ElonTech ($ETCH) is a Community-Driven token! No rugs or whale dumps!✈ + +First Tech Valley Token on Binance Smart Chain and performing perfectly since day one. Our goal is to reach 1 dollar. And this is how: + +\- Within 28 days from 0.000001 to 0.00004 + +\- Claimed no. 1 trending on CMC + +\- Frequent burns🔥 + +\--Promotions and Transparency + +\-First silicon valley token and paving the way for more projects like ours. + +Already gained Mainstream Media attention and to bring popular Cryptocurrency Concepts into one, easy to understand Project. + +📝Token Information : + +◼Name : ElonTech + +◼Symbol : $ETCH + +◼Blockchain: BEP20 + +◼Total Supply : 34,979,803,438,049.375 + +◼Holders: 7000+ + +📝What is $ETCH.? + +✅Community-Powered + +✅Developing Tech Valley + +✅Target to reach $1 by 2021 + +✅Secure and Safe + +📝Our Values : + +✅Transparency + +✅Community + +✅Trust + +✅Dedicated to 1000x! + +📝CEX Listing and Audit soon + +📝Successful IDO and Presales + +📝Contract Address : 0xC66c8b40E9712708d0b4F27c9775Dc934B65F0d9 + +◼Website: elontech.finance + +◼Twitter: twitter.com/ETCHToken/ + +◼Telegram Group: t.me/ETCHToken/ + +◼Proof of its progress: + +Poocoin chat : 0xc66c8b40e9712708d0b4f27c9775dc934b65f0d9 + +Come, Join the Mission. 🚀 + +\- Buy using MetaMask or trust through Pancakeswap or Bogged Finance using the below links. Make sure to use one of the below links + +Bogged Finance: + +bogged.finance/swap?token=0xC66c8b40E9712708d0b4F27c9775Dc934B65F0d9 + +Pancakeswap: + +exchange.pancakeswap.finance/#/swap?inputCurrency=0xC66c8b40E9712708d0b4F27c9775Dc934B65F0d9 + +Contact Address: + +0xc66c8b40e9712708d0b4f27c9775dc934b65f0d9 +Hi there! + +Do you have any strategies in context of buying ETFs? + +For instance, I have decided to put 30% of my monthly salary into ETF-s, so it's like 500 EUR/month. I am investing long-term, so technically I shouldn't be worried about timing the market as statistically bull market lasts longer than bear market, but the thing is that I've put 80% of my savings into ETFs as I'm trying to run away from my domestic currency which is weak due to inflation (polish zloty - PLN). So far it looks good - I've started about one year ago and I have +14% gain from my investment. But for now, it looks that the market is highly overpriced and I'm a little bit afraid that there might be long bear market. From one side, I'm waiting to buy the dip, but the thing is that I've already used most of my savings to buy ETF's, hence I don't have so much cash available to utilize market's oppurtunities. + +Do you think that my strategy is good? I'm investing relatively safely: 80% iShares Core MSCI World + 20% iShares Emerging Markets - both accumulative. + +Second question: do you even look at ETF's ROE, P/E, GGM, CAPE ratio? Is this even worth considering from long term investment perspective, i.e. 5y+? +I had posted my first stock pick from my program ($CRSR) in another community(stocks). The response I received was amazing and I have been working on improving the program. This is the second stock picked by the program. If you had seen the first post, please feel free to skip to the DD. + +**Preamble:** One of the main questions that I had and I see recurring on this sub is how to identify and invest in emerging stocks before it becomes mainstream news. I did not have the time to actively track social media and decided to build a program that does it for me. + +**How does it work:** The program is built using Python and uses both Twitter and Reddit API to stream comments and tweets and spot tickers that are exhibiting accelerated growth. I added sentiment analysis to the findings so as to check the general sentiment (whether what is being talked about the stock is positive or negative). + +Here is the stock picked by the program and my DD + +**Stock: MindMed** + +Ticker: $MMEDF (OTC), $MMED (NEO), $MMQ (DAX) + +&#x200B; + +[Growth in the number of mentions!](https://preview.redd.it/ke6ae5pqkmj61.png?width=624&format=png&auto=webp&s=f8f7bb69be43eaec77b87e54f337995de434fe33) + +Week on Week increase in mentions: **23%** + +Month on Month increase in mentions: **677%** + +Average sentiment across mentions: **+28.4%** + +**DD** + +**Core Product** + +MindMed is in the field of developing psychedelic-based medications and treatments for neurological and mental health disorders. The company is in a very early stage (founded in 2019) but is backed by famous investors such as Bruce Linton (Founder, Canopy Growth) and Kevin O’Leary (Shark Tank). + +They have 3 main products in the pipeline + +i. **18-MC:** The optimism around MindMed is primarily due to the 18-MC drug which shows promising results in treating alcohol, drug, and nicotine addiction. 18-MC is currently in phase 2 of clinical trials for opioid addiction. + +ii. **Project Lucy:** This is a commercial drug based on micro-dosing LSD by a therapist to treat anxiety disorders and adult ADHD. Currently on phase 2 clinical trial. + +iii. **Digital Therapeutics:** MindMed is betting on digital therapeutics as the future for their drug delivery by creating a platform aimed at delivering psychedelic based treatments and therapies in combination with digital therapeutics + +&#x200B; + +[Product pipeline](https://preview.redd.it/036ihnlukmj61.png?width=1461&format=png&auto=webp&s=24d713d7be28d1864cca57d9ff9e4cd09c8f605a) + +**Financials** + +The company has raised approximately $185M since its inception (six rounds). Mindmed raised $72M in Jan’21 increasing their cash in hand to a healthy $144M. The company is planning to use the proceeds from the latest fundraising to Project Lucy and 18-MC. + +There isn’t much sense in talking about revenue and P&L as this is a very early-stage biotech company that by nature cannot generate any significant revenue until their drugs get approval. But the company had a sustainable burn rate and had a net loss of $8.6M in the quarter ending Sep’20. + +**Potential and Hype Factor** + +The buzz is generated primarily due to the following reasons + +Nasdaq up-listing is one of the major catalysts in the increasing discussion. The company is currently listed in NEO and have applied to be listed in Nasdaq which will significantly add to the liquidity (Expected in Q1-21) + +Adding to this, MindMed has multiple products in its pipeline. The company currently has 3 major products which are in phase 2 of clinical trial which significantly de-risk the company’s future as you are not betting on one single product getting FDA approval + +Inline with the digital therapeutics aim of the company, MindMed acquired HealthMode, a digital therapeutics startup that uses AI and ML to increase the precision and speed of clinical research and patient monitoring (all-stock deal) + +**Risk and Competition** + +There is definitely a significant risk associated with investing in small-cap stocks. The main risk factors for MindMed that I could see are + +a. Drug Approval: This is the simplest and would have the most impact on the company’s future. If none of the drugs in the company’s pipeline get approval from FDA, the company would go under. + +b. Ability to raise funds: Since MindMed is an early-stage biotech startup, the company would make no revenue for the foreseeable future. Therefore, the ability of the company in raising funds outpacing its burn rate is critical + +c. Acceptance for psychedelic drugs: Although growing, currently the acceptance for psychedelic drug is very low. MindMed has an uphill battle in convincing the masses about the efficacy of its drugs + +**Conclusion** + +There is currently a $100B+ global total addressable market for psychedelics. Even though there are significant risks in-terms of psychedelic drug acceptance and FDA drug approval, MindMed currently offers the broadest and most diversified pipeline of psychedelic drugs in clinical development. This along with their ability to raise funds puts them in a very strong position. + +&#x200B; + +*Disclaimer: I currently do not own any stock of MindMed. I am not a financial advisor. There are significant risks associated with investing in small-cap companies. Please do your own extensive research before investing in any stock.* + +&#x200B; + +**Update:** I have made the code public. The GitHub repo of the code is kept as a stickied post in my profile. + +&#x200B; +It's well known that UK investors have a 'home bias', and I'm interested to see how this panned out for people. This year the FTSE 100 returned 14.3%, and this appears to include dividends. + +The returns this year have been lower than other markets, but on the flipside the market is still fairly 'cheap' and this should return in higher returns on a cash flow basis albeit offset against lower growth. + +My portfolio is currently weighted 50% to the UK, and my returns this year were 17.2%, albeit with some dividends still outstanding which may slightly move the needle. My invested capital increased by 50% this year, mostly weighted towards the latter end of the year, and I have not adjusted for this. + +I took a fair amount of profit this year. Realised gains were 22%, Divdends 2.15%, but the net unrealised gains year on year were down 7.4% + +What is your allocation to the UK, and how did you do? +Does anyone have any views on whether we will have another short sharp correction at the end of Q1 ? + +I must admit, I rather think we might - the number of businesses folding, distressed sales. very probably reduced or poor 2020 Q4 and early 2021 figures along with rising unemployment & debt. + +I am not at all convinced it will be longer than last year as there ought to be very solid growth later in the year as the economy unlocks. + +Just interesting in any views +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned. +I get credit for 2 kids and my wife is a student. I think those are the things I thought might hold it up. +I did not qualify for EIC. + +Edit: accepted Jan 28. No other notification, it just appeared. +Here is what I think happened today. + +Looking at the options chain, 25k $50 call options expiring this Friday were purchased today. Assuming that the delta was .5, that is 1.25 million shares that was bought to gamma hedge. Then the price of the GME stocks started to rise causing a chain reaction in MMs covering. + +If you look at the $60 call options, 23k were purchased and assuming that the delta on that was .5, that’s another 1.15 million shares that were purchased to hedge. + +Another 17-18k options were purchased between $51-$59, which means around another million shares were purchased during the run up. + +This is entirely assuming that delta on those were .5. If the Delta was higher = more shares were bought. + +We’ve had this shit happen before last month. + +So get ready. If this is a gamma squeeze part II, the fall will be just as fast as the moon. + +But I’m just an ordinary dude (not an expert or a specialist in this field). This post is also not financial advice. DYOR. + +TL;DR, ordinary redditor thinks todays run up was triggered by gamma squeeze +&#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) +Kellogg said on Tuesday a majority of its U.S. cereal plant workers have voted against a new five-year contract, forcing it to hire permanent replacements as employees extend a strike that started more than two months ago. + +Temporary replacements have already been working at the company’s cereal plants in Michigan, Nebraska, Pennsylvania and Tennessee where 1,400 union members went on strike on Oct. 5 as their contracts expired and talks over payment and benefits stalled. + +“Interest in the (permanent replacement) roles has been strong at all four plants, as expected. We expect some of the new hires to start with the company very soon,” Kellogg spokesperson Kris Bahner said. + +Kellogg also said there was no further bargaining scheduled and it had no plans to meet with the union. + +The company said “unrealistic expectations” created by the union meant none of its six offers, including the latest one that was put to vote, which proposed wage increases and allowed all transitional employees with four or more years of service to move to legacy positions, came to fruition. + +“They have made a ‘clear path’ - but while it is clear - it is too long and not fair to many,” union member Jeffrey Jens said. + +Union members have said the proposed two-tier system, in which transitional employees get lesser pay and benefits compared to longer-tenured workers, would take power away from the union by removing the cap on the number of lower-tier employees. + +Several politicians including Bernie Sanders and Elizabeth Warren have backed the union, while many customers have said they are boycotting Kellogg’s products. + +Kellogg is among several U.S. firms, including Deere, that have faced worker strikes in recent months as the labor market tightens. + +https://www.cnbc.com/2021/12/07/kellogg-to-replace-striking-employees-as-workers-reject-new-contract.html +There are tons of no avatar accounts. Obviously purchased accounts with enough Karma etc. +US guys that have been around for a while have seen it time and time again. +Whenever they get desperate they start to play dirty. We need to show the new guys how to spot and avoid these shills. + +Over using the word ape. Using phrases like "The plan is working" Being extremely specific in their comments almost as if their trying to paint a picture that can be used in court. Kinda like a really bad undercover cop trying to buy some drugs. Very SUS. It's not just on this sub it's on a few of the others. + +Tons of stuff like this. +"Hello fellow apes! I think that the plan is going well DRS is definitely the way that we control the price and destroy the brokers." + + I think the shills are trying to make DRS look like a coordinated effort to attack brokers. We can't let them. + +If you guys see something like this do not engage them. Do not reply at all. Simply report the comment for going against SuperStonk rules under No market manipulation and move on. + +There is no coordinated plan. I don't want to "bring down the brokers" I don't care about the brokers because I don't utilize them. + I DRS to protect my investment because I have no faith in the current system +Because the companies that are supposed to work for me and protect me work against me. + +We are all individual investors and we all want to protect our individual investments. We all found our way here by means of our own individual journey. + +Stay vigilant and report the obvious shills. +Hi all! I’m 36 and am finally creeping up to a $1M net worth. It’s an exciting milestone I’ve been waiting to achieve but it’s been a slow and steady simmer as of late and my goal of having $2M by 40 is probably at risk. Before I dig into my question here’s how my situation breaks out: + +~$350k in stocks +~$280k in 401k +~$270k in HE ($40k mortgage left) +~$20k in cash on hand +~$160k annual salary +~$1.8k monthly expenses + +I’m trying to accelerate my growth. To this point I’ve primarily used equity and have had some good returns with tech stocks like Apple, Amazon, and Facebook but I’ve missed opportunities for the home run stocks that really push me over the edge. What else is out there? Should I look into real estate? Are there better investment opportunities? Or does slow and steady really win the race? +So I've noticed that over the past 5 months, my credit score has been on the decline. It has gone from 789 to 745. I always pay my bills on time. After looking over my report, I've come to the conclusion that since I am not paying on my federal student loans (they're deferred, so I'm not required to,) the interest keeps adding on and the balances are going up. +I am 29yo. My car is paid off and in good condition. I do not plan on buying a house any time soon. Should I continue to do what I am doing (using extra funds to pay off credit card balances which have high interest rates)? Or should I start putting some of that money towards the loans to get my excellent credit score back? + +Thank you in advance! +#Porn Coins: The Next Big Thing + +Dog Coins. Pixelated monkey JPEG NFTs. The Metaverse. These are the "in thing" right now, but their time will pass as the hype fades. What do people use every day? Sometimes multiple times a day? Right now? What will never go away and will always have a market? + +#Porn + +The internet may never have reached mainstream status if it wasn't for pornography. Globally, the adult entertainment is a $97 Billion dollar industry and the internet brought porn to people quickly, easily, and (relatively) anonymously. Crypto can take it a step further by providing platforms and secure payments for the content producers and untold potential improvements available in Web 3.0. + +&nbsp; + +Today, AVN stopped monetization on their platform due to discrimination from banks. People say it all the time incorrectly, but in this case, "crypto can fix this." If you consume pornography, do what you can to support the performers. Crypto can genuinely improve their lives. [Source: AVN Website](https://avn.com/business/articles/technology/avn-stars-gayvn-stars-to-discontinue-monetization-features-903845.html) + +&nbsp; + + +For perspective: Imagine if OnlyFans minted, accepted, or backed a decentralized crypto. Imagine if reddit nsfw subs also allowed tipping in it. That's the potential we're talking about here. + +******************* + +###SpankChain + +SpankChain is a cryptocurrency payment processor that is built on the Ethereum blockchain. The aim is to build an economic and technical infrastructure for the porn industry. To bring the core benefits of blockchain, such as privacy, security, economic efficiency, and self-sovereign identity, to the porn industry. + +&nbsp; + +Recently, SpankChain partnered with JustFor.Fans, an adult entertainment industry fan platform to build SpankyPay. The newly created platform will help users to make payments instantly using cryptocurrencies like BTC, LTC, ETH, etc. Ameen Soleimani founded SpankChain. + +###Bitcci + +Bitcci is made up of a group of public stock companies located in the cryptovalley of +Lichtenstein and Switzerland (I'm bullish on anything crypto that is Swiss-based). Founded by Christoph Elbert in 2017, the bitcci Group AG is building an entirely new global ecosystem for the next-generation sex industry. + +&nbsp; + +Bitcci's mission is to make the adult entertainment industry legal, safe, and free for anyone who wants to enjoy it. Several bitcci projects will be going live: portals, apps, and other IT solutions in the Q4 of 2021. + +###WankCoin + +WankCoin is a cryptocurrency token project built to offer secure and anonymous adult site transactions. It is the leading adult entertainment cryptocurrency and is accepted on over 100 adult entertainment websites. WankCoin is a digital currency built on the Ethereum blockchain. With WankCoin, adult entertainment lovers can enjoy themselves while enjoying their anonymity. Unlike most cryptocurrencies today that doesn’t have real-world applications, WankCoin is officially accepted as a means of payment across more than 100 pornography websites. + +###Bitcoin Adult (BTAD) + +Bitcoin Adult (BTAD) is a fast, private, secure proof-of-stake community-driven cryptocurrency project. The goal of BTAD is to become the ultimate payment solution for the porn industry. Bitcoin Adult crypto project was launched without ICO funding. The project's main objective is to create an adult cryptocurrency, which people will earn while they watch porn. It is also designed to offer a scalable and sustainable alternative to Bitcoin. BTAD uses proof-of-stake with masternodes for the network’s security. + +###PornVisory + +PornVisory is a cryptocurrency porn startup based on a decentralized, flexible organization (DFO) standard. Aside from allowing users access to adult content, PornVisory also provides reviews on the most interesting and hot videos, porn news, and rankings. Users can pay anonymously to enjoy adult entertainment without having their identity revealed. By leveraging the Basic Attention Token (BAT) project concept, the PornVisory team seeks to reward users for spending time on their platform. Based on this sub's obsession with BAT, this is going to appeal to a lot of users here. + +###Conclusion + +You want more and better porn, right? + +1. These coins/platforms allow for anonymity +2. These coins/platforms allow for security +3. When performers are safer and compensated, they'll make more content + +************* +TL;DR - Porn coins haven't blasted off yet. I'm betting the explosion will come soon. Don't act surprised when it hits you in the face. + +[Partial Source](https://btcpeers.com/top-5-adult-crypto-projects-an-overview/) + +[List of some other coins (not platforms)](https://www.coinlore.com/crypto/adult) +Following is from [a Twitter thread](https://twitter.com/aditya_kondawar/status/1357600035379183616?s=08): + +> Hearing a few Upstox reviews stating that Upstox has sold long term portfolio holdings in portfolio without consent - Scary! + +[Upstox notification screenshot](https://twitter.com/aditya_kondawar/status/1357625230194188288?s=08) - from the same Twitter thread + +[Another one](https://twitter.com/rohits_bn/status/1357604185919938565?s=19) + +As one of the tweets in the comment of the thread says, one of the possible explanations is [short delivery](https://zerodha.com/z-connect/queries/stock-and-fo-queries/consequences-of-short-delivery-nse-bse) + +Another [comment suggesting](https://twitter.com/pankyhaunts/status/1357636962161623040?s=19) that in such cases the amount credited should with a penalty: +> In this case the amount credited should be with 20%of penalty. It happens once with me i bought HEG and it went for UC after that but i received my money after 3 days with 20% extra and when i enquired it was found thst tge seller has to pay it to buyer if he fails to deliver + +Seems like the extreme volatility and volume of the budget day rally has resulted into this. But surely, not getting delivery of your stocks is something which would make me very uncomfortable. + +Anyone faced this issue or got notifications from Upstox? + +Also, how common is this issue with brokers? Any guidance/learning from folks on this sub from their past experience (if any)? +They’ve known all along the issues that exist. 🦍 DD Major Confirmation. + +**This is like an adrenaline shot of confirmation bias that every bit of fact finding 🦍’s have conducted these last 6 months are VALID & that MSM is gaslighting us into believing we are just Reddit conspiracy theorists who know nothing.** + +This post details some of the things that were happening behind the scenes during Clinton’s administration & Obama’s administration. + +These details are from former chief of staff to Ted Kaufman, Jeff Connaughton(JC) in his book The payoff: Why Wall Street Always Wins. (Note JC is a Democrat, so that is why he was only part of White House during democratic presidency’s. Also this book was written in 2012, ~10 years ago) + +(Note2 I read on an iPhone so page numbers are different on here than a traditional book when citing) + +JC also served as a special assistant to the counsel of the president during Clinton’s 1st term. In between chief of staff & special assistant he served time as a lobbyist. + +These “findings” will be limited to JC’S experiences. I decided to share because of the timeline of when they occur & I thought they were interesting pieces to our puzzle. + +*This post is lengthy, but should be quite easy to read. Honestly most of the work goes to the author because of how concise & easy to understand the writing is.* + +###Breakpoints +- Wall Streets Influence in Clinton’s administration +- The Blob +- Naked Short Selling & The SEC + + +#Wall Streets Influence + +Bill In Review: Private Securities Litigation Reform Act of 1995 + +Excerpt about this bill: + +“A corporate coalition - Wall Street banks and brokers, accountants, insurers, Silicon Valley—wanted the bill, which would make it more difficult to prove securities fraud, passed intact. The bill’s opponents felt it would shield securities fraud by these companies. Particularly troublesome to them were provisions regarding the statements companies make about future performance.” (P171-172) + +**Basically it is now harder to prove securities fraud as well as provides safety to companies for including forward looking statements & prospective information. (Hello Enron) ** + +**JC account with this bill involved counseling Bill Clinton himself. Pushing the president that this bill is not good for the public, to which it seems the president agrees.** + +Here is the part that stands out to me + +“If the president has to think very hard before taking on this kind of fight, I thought to myself, imagine how disproportionately unlikely it is for Washington’s lower castes to dare do the same.”(P178) + +**So even the president of the United States faces severe pressure from Wall Street to bend to their whims. Anyway, JC counsels Clinton, and Clinton is onboard to amend the bill.** + +**The amendment corrects securities fraud protection & removes forward looking statements.(Excerpt below)** + +“I called a staffer in Senator Paul Sarbanes’s office. I briefed him that if Sarbanes would offer an amendment that would preserve the viability of a securities-fraud action against company executives who had “actual knowledge” that, a forward-looking statement was fraudulent, the White House would support it”(P180) + +**Great, so everything is good right? Nope** + +“The vote began, and it looked for a while like we were going to win. Then Dodd started working his fellow senators. It soon became apparent it was going to be a tie. Finally, Dodd voted against the amendment, which failed by one vote.” + +**Yup Dodd, you know the senator behind the Dodd-Frank act? He not only voted with Wall Street, he spearheaded the damn thing. Dodd is a Democrat, who went against a democratic president helping Wall Street & screwing the little guy. Wowzers ** + +**Anyway the amendment gets rejected, original bill gets passed by the senate. ** + +“Some have speculated that Clinton wanted to have it both ways: he vetoed the bill, but also signaled to Dodd that he wouldn’t be overly displeased if two-thirds of Congress voted to override it. I don’t know whether that’s true or false.”(P186) + +**Clinton vetoes. Senates votes 2/3 to override it.** + +**So seems Bill wanted to have his cake & eat it too. Whether this case is true or not, Clinton went on in his second term to repeal the Glass-Steagall Act leaving derivatives transactions unregulated. ** + + + +#The Blob + +“The Blob (it’s really called that) refers to the government entities that regulate the finance industry—like the Banking Committee, Treasury Department, and SEC—and the army of Wall Street representatives and lobbyists that continuously surrounds and permeates them. The Blob moves together. Its members are in constant contact by e-mail and phone. They dine, drink, and take vacations together. Not surprisingly, they frequently intermarry. “Indeed, a good way to maximize your family income in DC is to specialize in financial issues and marry someone in The Blob. Ideally, you and your spouse take turns: One of you works for a bank, insurance company, or lobbying firm while the other works for a government entity that regulates, or enacts legislation for, the financial industry. Every few years, you reverse roles: “Sally Striver, staffer on the Senate Banking Committee,” so might read a typical notice in Roll Call, “today announced her departure to work for the Financial Services Roundtable”; inevitably, she’s replaced with someone from the financial industry because, so runs the justification, the committee needs people familiar with the issues. What you and your spouse do all the time is share information.”(P250) + +**Wow. Idk this was enraging when I read it. The fact that this happens so blatantly that it’s given a nickname because it’s so fucking common & accepted is sickening. Just more evidence of the revolving door between regulators & financial institutions to game the system.** + +This is during JC’s time as chief of staff: + +“Ted and I quickly learned that, when you take on Wall Street in Washington, you take on The Blob. We were fighting deeply entrenched interests and a deeply ingrained institutional culture.” + +**You have to fight through a financial mob so to speak to even begin to create reform. Translated: 🦍 need to stay 💪 to get reform past the blob for financial fairness in the markets.** + + +#Naked Short Selling & The SEC + +**This part is a little bit longer, but I just wasn’t expect this to be in this book nor to this extent.** + +(Senator Johnny Isakson) +“Isakson and Ted shared an interest in financial issues, and both had recently received complaints from constituents about the naked short selling of stocks by hedge funds and about the SEC’s rescission of the uptick rule.” + +“Many ordinary investors, including Kaufman and me, have sold stocks short from time to time. But there’s an important difference. When I sell stock short, my brokerage firm makes me borrow the shares of stock before I do the short sale. This ensures that I can deliver the shares at the required time for settlement of the trade. Banks and brokerage houses make a lot of money charging people to borrow stock for short sales. +The SEC rule, however, doesn’t require that everyone borrow the stock. A short seller only needs to have a “reasonable belief” that he can locate the stock in time to deliver it at settlement, which happens three days later. Selling a stock without intending to locate it in time for settlement is naked short selling. It amounts to selling shares that don’t exist, which increases the supply of a stock in a way that can push its price down. +Since the Depression, the SEC had required short sellers to wait for an uptick in price before selling short. Forcing short sellers to wait for the price to tick up before they sell more shares gives a breather to a stock in rapid decline and helps prevent bear raids, which are essentially attacks on a stock (typically by hedge funds) with the aim of driving down its price to ensure that their short selling is profitable. The uptick rule was in force for nearly seventy years. In 2007, the SEC rescinded it. In Mary Schapiro’s confirmation hearings before the Senate Banking Committee, she was asked repeatedly whether she would restore the uptick rule. Schapiro, who took office as SEC chairman in January 2009, all but promised she would. +Nothing happened.” +(P252-254) + +**I mean wow. Talk about spitting some straight DD. This book was written 2012, and if I just read this correctly it sounds like Congress & White House 100% understand this shit exists & are complicit in naked short selling existing. But wait it keeps going.** + +“The pushback from the Blue Team was followed by pushback from The Blob. I received an e-mail from a lobbyist (and former Dodd staffer) who represented a large hedge fund well known for short selling. She warned me that it would be bad for my career if Ted and I went after short selling. She added that Ted and I looked like deranged conspiracy theorists for seeking to explore whether short selling had played a role in the downfall of firms like Lehman Brothers”(P257) + +**Does that sound familiar ? I guess everyone is a conspiracy theorist around. Ohh & Lehman brothers also failed even with a plan to save them due to short sellers naked short selling them into the grave.** + +**More juice to squeeze.** + +At a senate meeting with the SEC: +“Senate staffers pointed out that the SEC was ignoring the fact that its short-selling manipulation rule was unenforceable. Hedge funds can spread false rumors about a stock and conduct massive short sales without locating the stock, even if they succeed in delivering the shares three days after the rumors. They could beat down a stock’s price repeatedly. The SEC people said little during the discussion. My impression was that they viewed it as another meeting to endure; after feigning to listen, they could simply continue to do things their way.”(P258) + +**Ok, read this next part carefully.** + +“They added that they couldn’t give us any details of the investigation but warned us that it’s almost impossible to prove intent under the current rule (that is, the reasonable-belief standard). Under this rule, anyone accused of naked short selling can simply say: “I reasonably believed I could find the stock in time.” In essence, the SEC lawyers confirmed our view that the rule against naked short selling was unenforceable and that they knew it.”(P259) + + +**How convenient. How oh so convenient. Honestly I do not think we see justice for these crimes. Unless the SEC amends this short selling rule, Kenny Mayo will be walking free. Floor is now $30 million** + +**Ohh but it gets better.** + + +“Most stock trades in the United States are cleared by a Wall Street backroom firm called the Depository Trust Clearing Corporation (DTCC). I suspected that the DTCC had extensive data on short selling. After a series of enquiries, I finally arranged for the DTCC’s general counsel (Larry Thompson) and one of its managing directors (Bill Hodash) to meet with me in Washington. We’d chatted for about fifteen minutes when Larry startled me by saying, “We want to be part of the solution, and we think we have a proposal that will work. “It turns out that months previously the DTCC had gone to the SEC with a proposed solution to naked short selling: The DTCC would create a computer system in which the actual shares of a stock must first be declimated (more simply: flagged or identified) before a broker could sell shares short. A centralized database would prevent the same shares from being used for multiple short sales. The DTCC believed that such a system would effectively stop naked short selling for the shares it cleared, which represented a vast majority of all shares traded in the United States. Larry told us that the SEC had received the DTCC proposal months ago but hadn’t done any follow-up. Instead, the SEC had asked Larry whether he was sure that the DTCC board (which is made up of representatives of Wall Street brokerage firms) supported the proposal.”(P259-261) + + +“Within a month of hearing about the DTCC’s idea, I’d helped Kaufman recruit seven other senators to write to “recruit seven other senators to write to the SEC endorsing the idea as a potential solution to abusive short selling.”(P261) + +“Not long after receiving the letter, the SEC announced it would hold a public roundtable to discuss naked short selling and possible solutions on September 24, 2009. I was convinced we were making progress.”(P261) + +“To its roundtable the SEC had invited nine banking-industry participants, all but one of whom was in favor of maintaining the status quo. During the meeting, the DTCC representative sat mute and didn’t even mention the DTCC’s proposed solution for naked short selling. Afterwards, I went over to Larry and Bill and asked “What happened?” Sheepishly, and to their credit, they admitted, “We got pulled back.” They meant: by their board, by the Wall Street powers-that-be. It was just as the”(P264) + +“There were two reasons why Wall Street didn’t want to adopt it. First, banks make an enormous amount of money lending stock for short sales, and so no big bank wanted to change the status quo. Second, and perhaps more importantly, stocks now traded in microseconds; millions of shares change hands (including in short-selling transactions) in the blink of an eye. High-frequency traders would oppose any solution, like the DTCC’s, that required that shares be located and marked before being sold short. A high-frequency trade has no time to get its ticket stamped before jumping on its high-speed train.”(P266) + +**I know that was a lot here’s a quick breakdown.** + +**DTCC had a solution to fix naked short selling in 2008. They reached out to SEC to propose the changes. DTCC is made up of Wall Street execs. SEC roundtable was setup to fix naked short selling. DTCC sits on their thumbs during the roundtable because their board, Wall Street, has reeled them back in. Naked short selling is highly profitable from fee collection on lent stocks. High frequency traders don’t want to execute orders correctly, just quickly.** + +**But holy fuck. I mean everything is here in this book from ~10 years ago. ** + +Here’s some more tidbits of confirmation bias that 🦍 are not crazy & we are 10000% correct. + +“Altogether, off-market trading—in dark pools or internally at broker-dealers—accounts for nearly one quarter of U.S. stock-trading volume. For retail investor orders, it may be twice that amount.”(P271) + + +**Ohh so almost 50% of retail trades being routed to dark pools. Sound familiar ??** + + +“It would’ve been easy, and quite understandable, for us to be convinced by Wall Street’s unanimous message. But we’d been educating ourselves about these issues and we were convinced that there were, to use Donald Rumsfeld’s locution, too many unknown unknowns for us to stop burrowing for answers and prodding the SEC.”(P274) + +**Sounds like fellow 🦍 to me.** + + +“One HFT strategy is called pinging. It involves attempting to “uncover how much an investor is willing to pay—or sell for—by sending out a stream of probing quotes that are swiftly cancelled until they elicit a response. +The traders then buy or short the targeted stock ahead of the investor, offering it to them a fraction of a second later for a tidy profit. “ +There are also momentum strategies (in which traders take a position in a stock and then use HFT to generate market momentum that would benefit their position) and liquidity-detection strategies (in which traders use HFT to front-run—that is, buy or sell microseconds ahead of—incoming orders from pension and mutual funds). An SEC staffer stated that in some instances these strategies “could be manipulation” and “would concern us.”(P275-276) + +“The Tabb Group estimated in 2009 that HFT generates $8 billion in profits annually. The question is: How much of this profit is from legitimate practices this profit is from legitimate practices that benefits all investors, and how much of it is effectively an illicit toll extorted from average investors without their knowledge?”(P277) + +**TLDR: HFS deploy strategies of market manipulation to screw over average investors. Sound familiar yet?** + + +**I will leave it with one last quote.** + +“Helping other senators understand HFT, flash orders, and dark pools was one challenge. Another was to get them to care. In Washington, if an issue isn’t in the newspapers, no senator is going to care much about it.” + +**I. E. 🦍 need to keep making noise, raising awareness of the manipulative issues that exist, that our votes depend on the correction of our markets & that 🦍’s will not let these issues slide into the darkness. This also shows why every newspaper & news source ice being bought up by financial institutions.** + + +Link to JC going over this +https://m.youtube.com/watch?v=Fvcf0UD2dUE + + +#TLDR: Chief Of Staff to a senator confirms every single issue 🦍’s have unraveled in last 6 months, chronicles the pervasive influence Wall Street holds on our government. + +###Our government will not listen UNLESS our independent collective voices are heard. These issues are resolved by 🦍’s. We may be the last hope of reform. +They’ve known all along the issues that exist. 🦍 DD Major Confirmation. + +**This is like an adrenaline shot of confirmation bias that every bit of fact finding 🦍’s have conducted these last 6 months are VALID & that MSM is gaslighting us into believing we are just Reddit conspiracy theorists who know nothing.** + +This post details some of the things that were happening behind the scenes during Clinton’s administration & Obama’s administration. + +These details are from former chief of staff to Ted Kaufman, Jeff Connaughton(JC) in his book The payoff: Why Wall Street Always Wins. (Note JC is a Democrat, so that is why he was only part of White House during democratic presidency’s. Also this book was written in 2012, ~10 years ago) + +(Note2 I read on an iPhone so page numbers are different on here than a traditional book when citing) + +JC also served as a special assistant to the counsel of the president during Clinton’s 1st term. In between chief of staff & special assistant he served time as a lobbyist. + +These “findings” will be limited to JC’S experiences. I decided to share because of the timeline of when they occur & I thought they were interesting pieces to our puzzle. + +*This post is lengthy, but should be quite easy to read. Honestly most of the work goes to the author because of how concise & easy to understand the writing is.* + +###Breakpoints +- Wall Streets Influence in Clinton’s administration +- The Blob +- Naked Short Selling & The SEC + + +#Wall Streets Influence + +Bill In Review: Private Securities Litigation Reform Act of 1995 + +Excerpt about this bill: + +“A corporate coalition - Wall Street banks and brokers, accountants, insurers, Silicon Valley—wanted the bill, which would make it more difficult to prove securities fraud, passed intact. The bill’s opponents felt it would shield securities fraud by these companies. Particularly troublesome to them were provisions regarding the statements companies make about future performance.” (P171-172) + +**Basically it is now harder to prove securities fraud as well as provides safety to companies for including forward looking statements & prospective information. (Hello Enron) ** + +**JC account with this bill involved counseling Bill Clinton himself. Pushing the president that this bill is not good for the public, to which it seems the president agrees.** + +Here is the part that stands out to me + +“If the president has to think very hard before taking on this kind of fight, I thought to myself, imagine how disproportionately unlikely it is for Washington’s lower castes to dare do the same.”(P178) + +**So even the president of the United States faces severe pressure from Wall Street to bend to their whims. Anyway, JC counsels Clinton, and Clinton is onboard to amend the bill.** + +**The amendment corrects securities fraud protection & removes forward looking statements.(Excerpt below)** + +“I called a staffer in Senator Paul Sarbanes’s office. I briefed him that if Sarbanes would offer an amendment that would preserve the viability of a securities-fraud action against company executives who had “actual knowledge” that, a forward-looking statement was fraudulent, the White House would support it”(P180) + +**Great, so everything is good right? Nope** + +“The vote began, and it looked for a while like we were going to win. Then Dodd started working his fellow senators. It soon became apparent it was going to be a tie. Finally, Dodd voted against the amendment, which failed by one vote.” + +**Yup Dodd, you know the senator behind the Dodd-Frank act? He not only voted with Wall Street, he spearheaded the damn thing. Dodd is a Democrat, who went against a democratic president helping Wall Street & screwing the little guy. Wowzers ** + +**Anyway the amendment gets rejected, original bill gets passed by the senate. ** + +“Some have speculated that Clinton wanted to have it both ways: he vetoed the bill, but also signaled to Dodd that he wouldn’t be overly displeased if two-thirds of Congress voted to override it. I don’t know whether that’s true or false.”(P186) + +**Clinton vetoes. Senates votes 2/3 to override it.** + +**So seems Bill wanted to have his cake & eat it too. Whether this case is true or not, Clinton went on in his second term to repeal the Glass-Steagall Act leaving derivatives transactions unregulated. ** + + + +#The Blob + +“The Blob (it’s really called that) refers to the government entities that regulate the finance industry—like the Banking Committee, Treasury Department, and SEC—and the army of Wall Street representatives and lobbyists that continuously surrounds and permeates them. The Blob moves together. Its members are in constant contact by e-mail and phone. They dine, drink, and take vacations together. Not surprisingly, they frequently intermarry. “Indeed, a good way to maximize your family income in DC is to specialize in financial issues and marry someone in The Blob. Ideally, you and your spouse take turns: One of you works for a bank, insurance company, or lobbying firm while the other works for a government entity that regulates, or enacts legislation for, the financial industry. Every few years, you reverse roles: “Sally Striver, staffer on the Senate Banking Committee,” so might read a typical notice in Roll Call, “today announced her departure to work for the Financial Services Roundtable”; inevitably, she’s replaced with someone from the financial industry because, so runs the justification, the committee needs people familiar with the issues. What you and your spouse do all the time is share information.”(P250) + +**Wow. Idk this was enraging when I read it. The fact that this happens so blatantly that it’s given a nickname because it’s so fucking common & accepted is sickening. Just more evidence of the revolving door between regulators & financial institutions to game the system.** + +This is during JC’s time as chief of staff: + +“Ted and I quickly learned that, when you take on Wall Street in Washington, you take on The Blob. We were fighting deeply entrenched interests and a deeply ingrained institutional culture.” + +**You have to fight through a financial mob so to speak to even begin to create reform. Translated: 🦍 need to stay 💪 to get reform past the blob for financial fairness in the markets.** + + +#Naked Short Selling & The SEC + +**This part is a little bit longer, but I just wasn’t expect this to be in this book nor to this extent.** + +(Senator Johnny Isakson) +“Isakson and Ted shared an interest in financial issues, and both had recently received complaints from constituents about the naked short selling of stocks by hedge funds and about the SEC’s rescission of the uptick rule.” + +“Many ordinary investors, including Kaufman and me, have sold stocks short from time to time. But there’s an important difference. When I sell stock short, my brokerage firm makes me borrow the shares of stock before I do the short sale. This ensures that I can deliver the shares at the required time for settlement of the trade. Banks and brokerage houses make a lot of money charging people to borrow stock for short sales. +The SEC rule, however, doesn’t require that everyone borrow the stock. A short seller only needs to have a “reasonable belief” that he can locate the stock in time to deliver it at settlement, which happens three days later. Selling a stock without intending to locate it in time for settlement is naked short selling. It amounts to selling shares that don’t exist, which increases the supply of a stock in a way that can push its price down. +Since the Depression, the SEC had required short sellers to wait for an uptick in price before selling short. Forcing short sellers to wait for the price to tick up before they sell more shares gives a breather to a stock in rapid decline and helps prevent bear raids, which are essentially attacks on a stock (typically by hedge funds) with the aim of driving down its price to ensure that their short selling is profitable. The uptick rule was in force for nearly seventy years. In 2007, the SEC rescinded it. In Mary Schapiro’s confirmation hearings before the Senate Banking Committee, she was asked repeatedly whether she would restore the uptick rule. Schapiro, who took office as SEC chairman in January 2009, all but promised she would. +Nothing happened.” +(P252-254) + +**I mean wow. Talk about spitting some straight DD. This book was written 2012, and if I just read this correctly it sounds like Congress & White House 100% understand this shit exists & are complicit in naked short selling existing. But wait it keeps going.** + +“The pushback from the Blue Team was followed by pushback from The Blob. I received an e-mail from a lobbyist (and former Dodd staffer) who represented a large hedge fund well known for short selling. She warned me that it would be bad for my career if Ted and I went after short selling. She added that Ted and I looked like deranged conspiracy theorists for seeking to explore whether short selling had played a role in the downfall of firms like Lehman Brothers”(P257) + +**Does that sound familiar ? I guess everyone is a conspiracy theorist around. Ohh & Lehman brothers also failed even with a plan to save them due to short sellers naked short selling them into the grave.** + +**More juice to squeeze.** + +At a senate meeting with the SEC: +“Senate staffers pointed out that the SEC was ignoring the fact that its short-selling manipulation rule was unenforceable. Hedge funds can spread false rumors about a stock and conduct massive short sales without locating the stock, even if they succeed in delivering the shares three days after the rumors. They could beat down a stock’s price repeatedly. The SEC people said little during the discussion. My impression was that they viewed it as another meeting to endure; after feigning to listen, they could simply continue to do things their way.”(P258) + +**Ok, read this next part carefully.** + +“They added that they couldn’t give us any details of the investigation but warned us that it’s almost impossible to prove intent under the current rule (that is, the reasonable-belief standard). Under this rule, anyone accused of naked short selling can simply say: “I reasonably believed I could find the stock in time.” In essence, the SEC lawyers confirmed our view that the rule against naked short selling was unenforceable and that they knew it.”(P259) + + +**How convenient. How oh so convenient. Honestly I do not think we see justice for these crimes. Unless the SEC amends this short selling rule, Kenny Mayo will be walking free. Floor is now $30 million** + +**Ohh but it gets better.** + + +“Most stock trades in the United States are cleared by a Wall Street backroom firm called the Depository Trust Clearing Corporation (DTCC). I suspected that the DTCC had extensive data on short selling. After a series of enquiries, I finally arranged for the DTCC’s general counsel (Larry Thompson) and one of its managing directors (Bill Hodash) to meet with me in Washington. We’d chatted for about fifteen minutes when Larry startled me by saying, “We want to be part of the solution, and we think we have a proposal that will work. “It turns out that months previously the DTCC had gone to the SEC with a proposed solution to naked short selling: The DTCC would create a computer system in which the actual shares of a stock must first be declimated (more simply: flagged or identified) before a broker could sell shares short. A centralized database would prevent the same shares from being used for multiple short sales. The DTCC believed that such a system would effectively stop naked short selling for the shares it cleared, which represented a vast majority of all shares traded in the United States. Larry told us that the SEC had received the DTCC proposal months ago but hadn’t done any follow-up. Instead, the SEC had asked Larry whether he was sure that the DTCC board (which is made up of representatives of Wall Street brokerage firms) supported the proposal.”(P259-261) + + +“Within a month of hearing about the DTCC’s idea, I’d helped Kaufman recruit seven other senators to write to “recruit seven other senators to write to the SEC endorsing the idea as a potential solution to abusive short selling.”(P261) + +“Not long after receiving the letter, the SEC announced it would hold a public roundtable to discuss naked short selling and possible solutions on September 24, 2009. I was convinced we were making progress.”(P261) + +“To its roundtable the SEC had invited nine banking-industry participants, all but one of whom was in favor of maintaining the status quo. During the meeting, the DTCC representative sat mute and didn’t even mention the DTCC’s proposed solution for naked short selling. Afterwards, I went over to Larry and Bill and asked “What happened?” Sheepishly, and to their credit, they admitted, “We got pulled back.” They meant: by their board, by the Wall Street powers-that-be. It was just as the”(P264) + +“There were two reasons why Wall Street didn’t want to adopt it. First, banks make an enormous amount of money lending stock for short sales, and so no big bank wanted to change the status quo. Second, and perhaps more importantly, stocks now traded in microseconds; millions of shares change hands (including in short-selling transactions) in the blink of an eye. High-frequency traders would oppose any solution, like the DTCC’s, that required that shares be located and marked before being sold short. A high-frequency trade has no time to get its ticket stamped before jumping on its high-speed train.”(P266) + +**I know that was a lot here’s a quick breakdown.** + +**DTCC had a solution to fix naked short selling in 2008. They reached out to SEC to propose the changes. DTCC is made up of Wall Street execs. SEC roundtable was setup to fix naked short selling. DTCC sits on their thumbs during the roundtable because their board, Wall Street, has reeled them back in. Naked short selling is highly profitable from fee collection on lent stocks. High frequency traders don’t want to execute orders correctly, just quickly.** + +**But holy fuck. I mean everything is here in this book from ~10 years ago. ** + +Here’s some more tidbits of confirmation bias that 🦍 are not crazy & we are 10000% correct. + +“Altogether, off-market trading—in dark pools or internally at broker-dealers—accounts for nearly one quarter of U.S. stock-trading volume. For retail investor orders, it may be twice that amount.”(P271) + + +**Ohh so almost 50% of retail trades being routed to dark pools. Sound familiar ??** + + +“It would’ve been easy, and quite understandable, for us to be convinced by Wall Street’s unanimous message. But we’d been educating ourselves about these issues and we were convinced that there were, to use Donald Rumsfeld’s locution, too many unknown unknowns for us to stop burrowing for answers and prodding the SEC.”(P274) + +**Sounds like fellow 🦍 to me.** + + +“One HFT strategy is called pinging. It involves attempting to “uncover how much an investor is willing to pay—or sell for—by sending out a stream of probing quotes that are swiftly cancelled until they elicit a response. +The traders then buy or short the targeted stock ahead of the investor, offering it to them a fraction of a second later for a tidy profit. “ +There are also momentum strategies (in which traders take a position in a stock and then use HFT to generate market momentum that would benefit their position) and liquidity-detection strategies (in which traders use HFT to front-run—that is, buy or sell microseconds ahead of—incoming orders from pension and mutual funds). An SEC staffer stated that in some instances these strategies “could be manipulation” and “would concern us.”(P275-276) + +“The Tabb Group estimated in 2009 that HFT generates $8 billion in profits annually. The question is: How much of this profit is from legitimate practices this profit is from legitimate practices that benefits all investors, and how much of it is effectively an illicit toll extorted from average investors without their knowledge?”(P277) + +**TLDR: HFS deploy strategies of market manipulation to screw over average investors. Sound familiar yet?** + + +**I will leave it with one last quote.** + +“Helping other senators understand HFT, flash orders, and dark pools was one challenge. Another was to get them to care. In Washington, if an issue isn’t in the newspapers, no senator is going to care much about it.” + +**I. E. 🦍 need to keep making noise, raising awareness of the manipulative issues that exist, that our votes depend on the correction of our markets & that 🦍’s will not let these issues slide into the darkness. This also shows why every newspaper & news source ice being bought up by financial institutions.** + + +Link to JC going over this +https://m.youtube.com/watch?v=Fvcf0UD2dUE + + +#TLDR: Chief Of Staff to a senator confirms every single issue 🦍’s have unraveled in last 6 months, chronicles the pervasive influence Wall Street holds on our government. + +###Our government will not listen UNLESS our independent collective voices are heard. These issues are resolved by 🦍’s. We may be the last hope of reform. +I believe that the massive gold sell of today was 1 of 3 things. + +1. Someone was margin called and finally needed to pay up. + +2. Someone was liquidated. + +3. This is the one I believe to be true. +Whoever is holding the majority of the shorts or funding them is finally bleeding out their last funds. The sell off $4B worth of gold to kick the can 2 more weeks. + +Whichever one it turns out to be still Jacks My Tits. + +Gamestop NFT Update announcement soon or not I feel we are getting real close fellow apes. + +Hedgies are bleeding and the whistles are blowing. + +Buckle up, we haven't seen anything yet. + +Buy, Hodl, GME, Buy from GME + +POWER TO THE PLAYERS. + +EDIT: Added link to an email a fellow ape received about gold selloff. + +[email link](https://imgur.com/a/kw2eQ0t) +> "So it sounds like you're still sticking with Tesla" - Host + +> "Without a doubt... We've increased our estimate, in the next 10 years we think the autonomous taxi network is a 11 to 12 trillion global opportunity. From nothing today, just to give you a sense of the size of that opportunity the US economy is 21 trillion dollars." - Cathie + +Hear for yourself: https://youtu.be/JUk2PE02cl8 + +From a quick Google, ride sharing and taxis currently are a $258b industry. The entire automotive industry is $3.5t. So not only will everyone switch to self driving taxis, but they'll spend many multiples more then what is spent on all cars. + +Maybe Cathie is just fully onboard the Michael Burry "there's going to be hyper inflation" train who knows /s. + +https://www.statista.com/outlook/mmo/mobility-services/ride-hailing-taxi/worldwide +https://www.ibisworld.com/global/market-size/global-car-automobile-sales/ +**Update 1** - Kuvera is sending out mails to all affected users to confirm timestamp of the transaction. You should've received a mail already. The best document is the PDF of the mail you received from your bank confirming the account being debited. If you're using Gmail, tap the printer icon on the mail and save as PDF (I hope I'm not being patronising with this). + +**Update 2** - Motilal Oswal came through! They allotted me units for yesterday's NAV. Although I have only received an SMS confirming the same and it's [not yet reflecting in the app](https://i.imgur.com/tCcwPRm.jpg) (Edited/blurred screenshot for obvious reasons). When I contacted them in the morning today, I was told that the NAV allotted would be of March 2 or 3, which got me confused (hence the details in this post). So, clearly if you're using Motilal Oswal's website and NetBanking, you should be sorted with the same day's NAV thing. + +**Update 3** - Kuvera has credited the difference to the bank account. + +~~~~ + + +[Reference thread](https://reddit.com/r/IndiaInvestments/comments/ltojif/kuvera_has_turned_into_a_shitshow/) + +[BSEStarMF’s clarification on Twitter](https://twitter.com/bsestarmf/status/1365747109408858112) + +[Kuvera’s clarification on Twitter](https://twitter.com/kuvera_in/status/1366285732990574597) + +==================================================== + +To avoid repeating myself, I’m continuing from the reference thread. + +**Regarding the transaction on Friday, February 26** + +Yesterday, I got a call from someone from Kuvera’s team (not disclosing his name, you know who you are, thank you for helping). The clarification pretty much was a summary of Kuvera’s Twitter thread on what happened and how SEBI’s new NAV rules are now going to affect investors from now onwards. Bottom line is, they are looking into the issue and trying to make sure that this doesn’t happen again. But NAV allocation for that transaction can’t be helped and is out of their hands. + +**Franklin Templeton’s website woes** + +A comment on Franklin Templeton’s website. It’s crazy that in today’s day and age someone can build a website this shitty. I mean one has to make some serious effort to mess up basic login. After all the focus and scrutiny that Franklin Templeton has been under, its stunning that they continue to neglect issues such as order creation on their website. [Full Twitter thread here](https://twitter.com/namelesswander4/status/1366293829888843785) (I don’t want to repeat myself, this post is already quite lengthy) + +**Motilal Oswal vs Kuvera** + +Anyway, back to the topic. I tried 2 investments yesterday. Both experimental, but important for the purposes of closure regarding the NAV issue. The first was done on Motilal Oswal’s website. The other on Kuvera’s own, for a Franklin Templeton run fund. Both lump sum investments. + +I was stunned by how easy to use Motilal Oswal’s website (or even the app) is. The transaction on their website went through extremely smoothly and redirection and messages/email notification confirming immediate status of the transaction was frankly a better experience than Kuvera’s. (I think they use billdesk just like BSEStarMF) + +The transaction on Kuvera for Franklin Templeton also went through smoothly (a minor glitch had occurred but it got fixed within 5 minutes). I also got a confirmation from their Twitter team that the transaction had been successfully done. + +However even a day after the transaction, allocation is still pending with Motilal Oswal while the same has been successfully done (yesterday’s NAV based allocation for the Franklin Templeton’s fund) on Kuvera. In short, on Kuvera, the transaction was done on March 1, NAV allocated was that of March 1 and is already reflecting on the Franklin Templeton’s website. + +On getting in touch with multiple AMCs where I have existing investments, I was told that since the new NAV based rules depend on actual investment amounts hitting the AMC accounts, even transactions conducted on the AMC’s website will take at least 2-3 business days to get processed. The NAV will depend on the day of allocation and the valuation of the same is not assured by any means. Eg. Motilal Oswal informed me that they still haven’t received the funds from yesterday’s transaction even though it was successfully conducted on their own website without glitches. On top of that, their website doesn’t even list pending transactions. I have been told that in all probability, I will be allotted a NAV of March 3 even through the transaction was successfully conducted on March 1. + +**MF Utilities** + +I have no idea how to navigate this website. I’m not computer illiterate. I can navigate websites with a comprehensible site layout. With MF Utilities (MFU Online), I give up. I couldn’t even figure out how to invest in Franklin’s funds on that site. I then figured out even though it lists Franklin from a drop down menu, the AMC most probably isn’t supported. Considering the kind of collaboration MF Utilities has, its strange how little attention it has spent on its website and making it usable. + +**Conclusion** + +If you want your investments to be hassle free and you invest lump sum amounts after holding cash for a while, Kuvera is still, even with all its problems post February 1, by far, the best solution. Their customer support, back-end tech and UX are still unparalleled. I experienced this first hand yesterday. + +However, if your transaction on Kuvera fails for some reason, you will get the next working day’s NAV. Those days of provisional NAV allotment are gone. SEBI’s new rules are completely out of sync with the realities of India’s settlement timelines. Hopefully better sense will prevail at some point and this new regulation will be revisited by them. I have also sent SEBI an email outlining my concern about this issue just so that they are aware that some investors are concerned with the way things are being handled by AMCs right now. + +Bottom line, the best mode of transaction for getting the closest day’s NAV is through netbanking on Kuvera. + +Hope this helps other investors. I’ve learned a lot (and hopefully contributed a little too) over the years from this sub. Thank you for everything :) + +___________ + + +**Update** - BSEStarMF has apparently deleted that tweet (which is very strange). Anyway, screenshots [here](https://i.imgur.com/TtTO5kF.jpg), [here](https://i.imgur.com/SzbB4Ul.jpg) and [here](https://i.imgur.com/MFlNe8M.jpg) +So i had built an algo with backtesting and forward testing results that seemed beautiful, almost perfect. Profitable in different timeframes and 10 different assets. But the only problem is when this algo gets put a live market heikin ashi candles are just not usable. They might be good for manual trading but apparently not in an algo. I was told by more experienced people that heikin just throws really good results because of how candles work, but these candles are not useful in real trading with automated trading because they just not real price action. When i remove heikin my algo is just not profitable in almost every instance which i had tested before. Need sone help or advice to figure out a fix. + +Has anyone made heikin ashi actually work with algo trading? +Could it ever work? +What could i change? + +Thank you in advance +[Read this first. Statement from Bye Triangle](https://www.reddit.com/r/Superstonk/comments/omdfg4/everythings_fucked_up_and_there_are_no_good/) + +https://i.redd.it/5owoyoim8ub71.gif + +God fucking dammit, what a dumpster fire this week has been. From the Red/Pink/Madie fiasco, to the Ape Fest, and then to the random dude starting that gofundme for Wes…it has been exhausting and I know you guys want some answers. Detective ButtFarm did some digging and I wanna lay it all out for you. + +**Red/Pink/Madie situation:** + +Red has stepped down as an admin and has been demoted to a regular mod. She will also be taking a leave of absence. She has been here since the beginning, putting so much into this community and we would not be where we are today without her. But with that said, many of us have lost faith in her ability to effectively lead the sub after how she mishandled herself on multiple occasions and there needs to be consequences. We will figure out how to move forward from this point. + +Pink was a spicy flamethrower kitty and she was banned because she sent out doxxing material which is against the rules. With that said, having her rejoin the mod team is not in the best interest of moving forward. Pink, you’ve done a lot for the community and I truly do appreciate the impact you've had all these months. Take care, friend. + +I think Madie was misunderstood amidst all of the crossfire. I have to get to know her myself to fully get a grasp of the situation. But here are some facts: Madie had different ideas in the early beginning about stocks than us, she changed her mind, and has now lent us her expertise. I don’t wanna doxx her too much, but she’s a fellow war veteran with an impressive resume and she was just at the wrong place at the wrong time. There were never any nudes exchanged and Madie didn’t act inappropriately in any way. If blame is on anyone for this “inappropriate relationship,” it’s on Red for letting her feelings get in the way. As for the “Madie honeypotted Red” theory…Sharkbait was the one who suggested Madie become a moderator and then the process was democratically voted upon by the rest of the mods and they majority accepted her. I’ll vouch for her for the time being while I get to know her. If you want her to leave then you’re gonna have to boot me too. Madie is not the shill that you want her to be so put your fucking pitchforks down! When she's ready, she will make her own post to clear her name in her own way. But for the time being, CHILL THE FUCK OUT. + +\------------------------------------------------ + +I wanna be clear about my perspective in all of this, as an outsider to the Mod team looking in: everyone who was involved with this story fucked up. Plain and simple. From start to finish, this was a raging inferno of bullshit from every imaginable angle and ALL parties to blame. + +Fuck that shit. As an Ape, I didn’t care about it, I didn’t wanna see it, so get the fuck out of my view, you’re blocking the damn memes and DD goddamit! (those Ape Fest memes from the last couple days are fucking fire btw 😂) + +With that said, amidst all of the other bullshit going on, I felt I needed to do something. So I accepted their invitation from many weeks ago to become a moderator of Superstonk. I came on board this morning, got in for the votes and deliberation and here we are. + +[actual footage of me joining the modchat, courtesy of u\/Captain-Fan](https://i.redd.it/0la8adl1aub71.gif) + +Red stepping down was a necessary condition of my acceptance of moderator. With that said: here were my other stipulations that we all agreed to before I officially accepted: + +1. I will only stay on as a mod until Dec 31, 2021 (or I get booted for doing shitty stuff, whichever comes first lol). +2. I have to start at the bottom, just like all of the other mods (this is because some of you guys have privately messaged me to take over and I do not agree with that sentiment so this just makes it clear I want no special treatment). +3. (This one is a work in progress but I'll give you a hint, it involves a banana and a butthole 😂) + +Let me be clear: I don’t want to be a mod. I just wanted to shitpost and make memes and every now and then post a spicy take on something. That’s what you love me for and that’s what I love doing. But circumstances outside of my control have called me here to step up and do something about this shit storm because like many of you, I felt heartbroken to see everything transpire. Loads of you reached out to me and I not only heard you, but I am one of you. I felt this pain. + +Over these past months you guys have become my family. And Superstonk, to me, feels like it is our Last Stand. We met our final form when we started doing the AMAs. No one is selling. No one has changed their mind about the stock so this is all just REALLY LOUD noise. Trust RC, Trust DFV, Trust the Board. GME is still an amazing long term value play. That has been and always will be the core tenet of this community. And that's the kind of team that I would be proud to help moderate. I hope that with my addition to the team, that we can move past the bullshit. + +\------------------------------------------------ + +In Japan, they have this beautiful artform called *Kintsugi*. + +[isn't it pretty?!](https://preview.redd.it/9ij161e85ub71.png?width=624&format=png&auto=webp&s=a58ab44d1235597c94634295144e2d2c08ac327d) + +When a bowl is dropped, it’ll shatter into different pieces. When you finally get all the pieces together, you can throw it away, or you can glue the bowl back together. Kintsugi uses a lacquer that mixes gold, silver, or platinum to make the bowl whole again. And in its own way, I think it becomes even more beautiful. As a philosophy, Kintsugi treats breakage and repair as part of the history of an object, rather than a blemish to disguise. So let's use this as a learning moment, a part of our history, and keep building. + +This week, we got dropped. And now we’ve got to glue ourselves back together. So I’ll ask you this, are you guys willing to help us rebuild and become stronger? Can we go back to the things that made this place home?--The world class DD, the side-splittingly hilarious memes, and the shitposts 😂 (FEEL THESE DIAMOND HANDS!!!) + +Are you ready to get back to business? + +Cause if you are then + +# BUCKLE UP 🚀🌕 +Visa and MasterCard both having not so good times compared to a year ago the cross border transaction is hurting them. + +But both of these companies are great buys they have a huge moat and are a duopoly. + +Their divdends have been increasing by a big amount year on year and this will continue in the future. + +They also do stock buybacks every year. + +Our move to a cashless society will benefit both visa and MasterCard + +The price that I want to buy visa is around 190 mabye 195 and it's nearly there +This is quite lower because I think business travel is going to take a while to recover + +For mastercard I want it around 315 + +What do you guys think of both MasterCard and visa and what prices are you looking to buy them at +EEA3 announcement is coming before Aug 1st...There's no doubt in my mind that this will happen. They aren't stupid, they will seize the opportunity to capitalize on Bitcoin's vulnerability. That's why they've postponed the June announcement. It will be the perfect storm. "The Flippening" is real. + +Their marketing strategy is no joke. Vitalik is a genius and is plotting the fatality on Bitcoin. + +On top of all the other ETH updates coming down the pipeline, they've prepared an endless hype train to carry us all the way to $1000 within the next 3 months as a ton of BTC money flows into ETH. + +I have not time-travelled, but I see the light...Upvote if you believe. +2-3 weeks ago i read a post about a guy who recommended NIO when it was at around 5-10$, en no recommended PLTR when it was at $14. I Jumped straight in with 250 shares and boy oh boy was the guy eight. Big shoutout to him btw, I tried to find the post but couldn’t. + +How do you guys discover these companies? + +Thx bulls! +Hey all, just a reminder to be extra-vigilant. I was reading about gas prices on https://myetherwallet.groovehq.com/knowledge_base/topics/what-is-gas and, without clicking on anything, suddenly was taken to https://kvnuke.github.io/etherwallet/ which looks JUST LIKE MEW. + +I don't know if this means that groovehq is corrupted or what, but be careful. + +UPDATE: Clicking on the link to http://ethgasstation.info/ on this page redirected me to the spoofed MEW again. Stay away from this page; I believe it has been quietly hacked. +&#x200B; + +https://preview.redd.it/gdw7w2hi1ya71.png?width=1600&format=png&auto=webp&s=6e62c8fb5522a28d6e914e9acb8582a8eb604b2a + + Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/lkau7p3k1ya71.png?width=680&format=png&auto=webp&s=a4074a6f3b02816953c5bdee20f85efd9c90c741 + +Reverse Repos + +&#x200B; + +https://preview.redd.it/vbtjmlam1ya71.png?width=1333&format=png&auto=webp&s=aa07892785ae6bfb5e31113eb5b612a7c1bdc3d0 + +AAAAAAND the bonds market seems like they're going to shit as well, may be a good thing to start looking into as well + +&#x200B; + +https://preview.redd.it/l5lfry9s6ya71.png?width=640&format=png&auto=webp&s=28764fcb758c7aaf0ac05ecd59b8ab8b61420130 + +Alright let's start with the one thing that's been doing the rounds here + +&#x200B; + +https://preview.redd.it/m3fyj1j52ya71.png?width=640&format=png&auto=webp&s=9084774ded6a7eed8652e23eaf8c34cbca9dbb92 + +Some facts that make this tweet stand out: + +Normally Gamestop tweets from the "Salesforce - Social Studio" + +The GMERICA tweet was sent from twitter web app, meaning it's someone that's not part of the salesforce, it's been often hypothesized that this could be RC himself. + +the GMERICA has a few theories around it. + +1. The usa has 330 million inhabitants, it could be that they're trying to say there are so many shares out there, or at minimum in the usa. +2. GME is currently hiring 49 people on USA military bases, so could perhaps link to that? +3. could be that GME has struck a deal with the military to be on more bases or something like that? +4. usa's motto has been "e pluribus unum" out of the many the one, showing unity, perhaps something to do with that? + +At the end of the day it's unknown what they meant with this, but it's fun to speculate regardless. + +Also as I've seen people speculate on their signature at the end of some tweets + +&#x200B; + +https://preview.redd.it/ou2pbuwg4ya71.png?width=960&format=png&auto=webp&s=b097dd564c882def05d117769a814acf21311119 + +# The SEC sent Wall Street a reminder: Companies cannot prohibit or impede employees from contacting the SEC or any other regulator about potential securities law violations. + +[https://www.forbes.com/sites/erikakelton/2021/07/12/secs-actions-against-guggenheim-securities-reassure-whistleblowers/?sh=3b4ffafb1163](https://www.forbes.com/sites/erikakelton/2021/07/12/secs-actions-against-guggenheim-securities-reassure-whistleblowers/?sh=3b4ffafb1163) + +&#x200B; + +&#x200B; + +https://preview.redd.it/ckgim02s4ya71.png?width=828&format=png&auto=webp&s=0f6330651fb07725e3a77488fa3248026364cd24 + +# Gme starting to get momentum + +[https://news.gamestop.com/news-releases/news-release-details/gamestop-expands-fulfillment-network-new-facility-york](https://news.gamestop.com/news-releases/news-release-details/gamestop-expands-fulfillment-network-new-facility-york) + +As Gme said in may "we got a new fulfilment center", less than a month and a half later it's up and running, just to get an idea this is something that usually takes months and doing it so fast... damn now that's impressive! + +&#x200B; + +https://preview.redd.it/q2ccgsju5ya71.png?width=828&format=png&auto=webp&s=526f57d4006994fce997cb034be805ef6466b500 + + + +# COVID-19, The CARES Act, and Undeniable Greed: The Story of How Wall Street Tried to Bankrupt Businesses with Money Meant to Save Businesses (GME Centric) + + u/Freadom6 wrote a DD [here](https://www.reddit.com/r/Superstonk/comments/oiwpxj/covid19_the_cares_act_and_undeniable_greed_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) on how multiple things may tie into each other, it's a good read so give it a once over ;) + +&#x200B; + +https://preview.redd.it/yxlwpgxx6ya71.png?width=977&format=png&auto=webp&s=c192a42faa8e37a9d2486235623781a21561a6c1 + +# Seems there is a pattern to be found + +[https://www.reddit.com/r/Superstonk/comments/oix58q/gme\_seems\_to\_mirror\_itself\_almost\_straight\_from/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/oix58q/gme_seems_to_mirror_itself_almost_straight_from/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +it seems that pwnwtfbbq has found some correlations between the movement that GME has had and is currently having. + +&#x200B; + +https://preview.redd.it/xgw7t1qp7ya71.png?width=640&format=png&auto=webp&s=ffe4603f5b7c8bb809bd6363b62cd8ac4e987268 + +Again the pictures look promising but we'll have to wait and see her Maths to know if it's true or not. + +&#x200B; + +# Banks earnings are this week + +&#x200B; + +https://preview.redd.it/k0il20dh7ya71.png?width=640&format=png&auto=webp&s=e671e0007853c271c3a2ad61644b39d86d9d5014 + +This week we'll see the banks post their earnings, along with the BLS and CPI data for june should be published today. + +&#x200B; + +https://preview.redd.it/tlfalim18ya71.png?width=640&format=png&auto=webp&s=50bd2bbacec4500024c581e2fd84df418eb16dfd + +# Peek-a-Boo + +[30 million shares are due](https://www.reddit.com/r/Superstonk/comments/oiemiu/peekaboo_i_see_30m_hidden_shorts_coming_due/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +&#x200B; + +https://preview.redd.it/37bmvy6f8ya71.png?width=554&format=png&auto=webp&s=98004650fadbcc29e5e088b90dcd3afb09e05766 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/q4inkegh8ya71.png?width=400&format=png&auto=webp&s=83c8c95d4d90ffcbf6692bd7a983bc419578f8d8 + + + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +&#x200B; + +Also for the people who keep commenting "nothing new", congrats dude it's a roundup of the information I've seen for the past day, this is for people who may have busy lives and don't have the time to browse the sub all day every day, and making sure they also have the same information as we have. +This is supposed to be like a paper, a roundup, not a new DD +[https://fortune.com/2022/07/01/meta-novi-crypto-payments-wallet-end-september-2022/](https://fortune.com/2022/07/01/meta-novi-crypto-payments-wallet-end-september-2022/) + +The remainder of the cryptocurrency project that Meta Platforms Inc.’s Founder Mark Zuckerberg took a beating over from Congress is officially shutting down. Meta’s Novi pilot—a money-transfer service using the company’s own cryptocurrency digital wallet—will end on Sept. 1, the service said on its website, a link to which it texted to its users. Both the Novi app and Novi on WhatsApp will no longer be available, the company said on the Website. Starting July 21, users will no longer be able to add money to their accounts, Novi said, advising users to withdraw their balance “as soon as possible.” Users won’t be able to access their transaction history or other data after the pilot ends. The company does plan to use Novi’s technology in future products, such as in its metaverse project, a company spokesperson said in an email. “We are already leveraging the years spent on building capabilities for Meta overall on blockchain and introducing new products, such as digital collectibles,” Meta said in the statement. “You can expect to see more from us in the web3 space because we are very optimistic about the value these technologies can bring to people and businesses in the metaverse.” + +The stock has been cut by more than half in 2022. Although Wall Street has been in a buying mood last week, real world pressures continue to make META stock one to avoid. Alternatively, if investors can’t help but like META stock at current prices, I’d similarly point to a long vertical spread using call contracts or a fully hedged collar for those interested in owning shares. But again, the belief is those efforts will be in vain and only serve the purpose of vastly reducing downside risk. + +Meta Platforms has many issues to contend with. For example, Facebook Reels’ inability to challenge top rival TikTok, Alphabet’s (NASDAQ:GOOG, NASDAQ:GOOGL) YouTube in long form video, competition in ecommerce from Google and Amazon (NASDAQ:AMZN), falling consumer brand value and Meta’s risky metaverse pivot, which might overlook its existing platforms. + +&#x200B; +Housing prices are really out of control. I rent and ideally wanted to keep renting for a bit until the pandemic happened. I’m worried about the increase in housing and rents, not sure if it’s better to just wait or go for it. + +Combined household income is about~ $170K + +We are debt free and have $50K budget for a down payment. We will still have an untouched emergency fund and are still investing into retirement accounts. + +A house we would love has gone from ~400K to ~500K during these past 2 years and I just can’t shake the fact that my housing cost would go from $1500 to ~$2500+ with a move. + +Just looking for some opinions, I’ve felt pretty stuck on this decision for the past year. +Articles written by Domain and realestate.com have obvious agendas. People on twitter and reddit have even less accountatbility. Theu use selective facts to help their narrative. E.g. spruik the RBA report that a 1% rise in interest rate can trigger a 33% decline in property prices. But those same people object the RBA's other statements e.g. no increase in official rates to at least 2024. Not saying I know - I don't. Bears and bulls will eventually be right but rarely admit when they are wrong. + +For those that have bought recently and worried  - don't stress. Buyers remorse is normal. Do a quick search for some comfort. People get over it and soon enjoy their home. + +For those wanting to buy, do your research and review your finances. Choose a good location that you can comfortably afford and enjoy your house and life. Don't buy a lemon. + +For those waiting for a crash, it'll happen one day. Could be next yr. Could be 30yrs away. Store some cash away, but hedge your bets, just in case inflation eats it away. + +Good luck for 2022. I wish everyone achieve their financial goals. Life is better when everyone is happy. +This is probably common knowledge to many, but for people that sell their old vehicles as individuals, CLEAN THEM THOROUGHLY before advertising. A few hours of work can equal hundreds...if not thousands in return. I buy and sell cars and trucks often and I can't tell you how much difference it makes to a potential buyer when they look inside a car that looks and feels clean, like new. + +It blows my mind when I scroll ads how many cars still have trash sitting in them when the owner snapped photos. Wrappers on the floor, cups in the cup holder, clothes on the seats. Not only does cleanliness increase the appeal to someone that drives the car, but it increases your potential buyers. + +I want to add, that this goes for the engine bay as well. I live in the Midwest so prices may vary, but I can get the engine area professionally cleaned for $20. A clean engine makes the car look fresh and appear to have miles and miles of life left in it. + +A small investment of labor can be worth a truckload of cash in the auto retail market. Pun intended. +So do people still think we’re in for a major crash. Since unemployment numbers are still insane. Watched videos of people saying they stopped investing and are waiting for the crash. But now the market is beaming up. So I’m pretty stuck in the middle any thoughts?? +[https://www.reuters.com/technology/twitter-revenue-falls-weakening-digital-ad-market-2022-07-22/](https://www.reuters.com/technology/twitter-revenue-falls-weakening-digital-ad-market-2022-07-22/) + + July 22 (Reuters) - Twitter Inc [**(TWTR.N)**](https://www.reuters.com/companies/TWTR.N) on Friday blamed its ongoing battle to close its $44-billion acquisition by Elon Musk and a weakening digital advertising market for a surprise fall in quarterly revenue and a net loss. The results come as Twitter has sued Musk for dropping his offer to buy the company, and is now preparing for a legal showdown in a trial set to begin in October. The deal uncertainty has worried Twitter's advertisers and caused chaos inside the company. Advertising revenue rose just 2% to $1.08 billion, missing Wall Street expectations of $1.22 billion, according to Refinitiv IBES data. Total second-quarter revenue, which also includes revenue from subscriptions, was $1.18 billion, compared with $1.19 billion a year earlier. Analysts were expecting $1.32 billion. "Twitter is now in the unenviable position of convincing advertisers that its ad business is solid regardless of how its court battle with Musk ends, and its Q2 earnings show that the platform has its work cut it out for it to do that," said Jasmine Enberg, principal analyst at research firm Insider Intelligence. +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! + +For the last few years this sub has been full of the “property is going to drop 30%” any day now. Posts like this get massively voted up, and anything to the contrary gets voted down and attacked. + +This wishful thinking is dangerous. + +With property about to start another boom (yes vote me down), in accordance with its 100 year on going 7-10 year increase, how many have missed out buying because of the bad advice from this sub? +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. +Here, and in EVERY other investing subreddit since the recent craze. Really taking my enjoyment out of these communities when every second post is an attempted 'memeplay'. + +Give me cash flow, profits, future projects, EPS or EBITDA. Anything but these short attack approaches please. + +With new investors comes new opportunities and discussions and I love that, but it feels too many subs are falling victim to the ridiculousness of the last few weeks, I don't want that to be us. +[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 company I work for gives "annual reviews" to employees, but it doesn't seem like anyone ever gets a raise. I know I haven't, despite always being given positive feedback on my performance. + +So what is the point? How does a pat on the back compensate for increasing costs of living? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Hey boys, just got my first paycheck at my new job and I am looking for some absolute rocketships. Can you guys recommend the best penny stocks that have the potential to turn into Tendie machines? + +Currently have TNT, 5GG and NVA on a shortlist but an open to anything +There has been an influx of misinformation on all online forums. On WeBull, I see commenters seeing short squeezes going on EVERYWHERE - including stocks with under 20% short interest. We have here an influx of retail investors. Many of them have never had a penny in the stock market before. Many of them don't understand the situation beyond what the price reflects at the moment and think that every dip is a short ladder...what's worse, many of them are vulnerable to emotional trades, having put in more than they can afford to lose but without the conditioning many traders develop after years of seeing the ups and downs. + +Not everything is a short squeeze. + +Not everything is a conspiracy theory (although the recent $SLV situation given Citadel's positions is very suspect - infer what you will) + +There is no set date for the squeeze - There is NO set date for shorts to have to cover unless market conditions force them to. + +The only way to win this, is to hold. Turn your share lending off if your broker allows. Ride the ups and the downs. Set you limit sell much higher than the market value - this will influence the price. + +Most importantly, understand: a true short squeeze will happen if shorts are FORCED to cover their positions at whatever the current price is. This is not the same as contract expiry - they are two different things. + +Short sellers have likely been covering as much as they can on every dip, to cover themselves. This is because shares are still being traded. + +Don't sell. We need to limit the supply. If you're in over your head, take a deep breath and do what is best for you, we'll take the burden off your hands. It will take time, but once the shares are in 💎🤲💎 we'll win. + +Edit: I am not a financial advisor - you should not use any of the information contained in this post to make financial decisions :) +**What is BBOZ, BEAR and BBUS?** + +They are similar to an ETF but instead of exposing you to shares in companies, they expose you to bets on the market; and the bets are for the market to drop. +If the market goes down, BEAR goes up the same amount and BBOZ goes up twice as much. However if the market goes up, the inverse happens but worse. The "bets" you are exposed to cost money to make so when the market goes up, you lose the inverse, you lose the cost of bets and you lose the management fees (over 1%). + +**Should I sell, buy or hold?** + +Imagine you get 16 in blackjack at the casino. There are books and people that will tell you to hit no matter what, see what the dealer has, count all the cards dealt before it, double down, split etc. No one knows what the next card will be and if they do, they have probably been cheating. +At the end of the day, if you play blackjack long enough and are not a professional player, you will lose your money. Similar for the stock market, if you have money in the market long enough and are a retail investor, you will make money. +If you see my other posts, I have been saying "sell" for weeks. It's too chaotic to make a call now, there is no precedent for what is happening. I am not recommending anything at the moment as it is too hard to tell what tomorrow will bring. + +**Why is this ETF going up when it should be going down?** + +You are probably talking about an international ETF (like NDQ) that is unhedged to the Australia dollar. This means you are essentially holding another currency, like the USD. Since the AUD is dropping, you are making money because your holding is worth more now. +Other international ETFs try to reflect movements in stock markets that are closed during the day in Australia. They rely on “futures” which are bets placed on what price companies will start trading at when their market opens. + +**Should I buy gold?** + +Gold used to be a reliable store of value as its price rarely changed. Over the past 15 years it has turned into another tradeable asset which means this question is the same as ‘should I buy Tesla?’. + +**Are there any guaranteed safe havens for my money where I will get decent growth?** + +I’m sure if there were, we would all be in there. + +**Should I change my super investment allocation?** + +Depends how old you are. If you are thinking about retiring soon, you probably shouldn’t have a risky investment profile. See the answer about buy, sell or hold. + +**What happens when I change my super allocation?** + +Most super funds have what’s called a “unit price” for their different investment profiles. E.g. Balanced unit price could be 25 and High Growth could be 50. If you had $100,000 in 100% Balanced, you would own 4000 units. If you moved to 100% High Growth, you would sell those 4000 and buy 2000 High Growth units. All of this happens behind the scenes, you usually just tell them what % you want of each investment profile. + +**What is happening? Why is everything so volatile?** + +The share price of a company listed on the stock market is a representation of its *potential future earnings*. In other words, how much money can that company make in the future? The massive swings we have seen is because of an uncertain future and robots. Robots (algorithms) perform ~80% of the trading done on the stock market with little human oversight. Humans set the rules and the robots follow them. When unexpected numbers are given to the robots, they immediately act on them and the effect is amplified as the new numbers those robots create are fed to other robots. + +**What is QE?** + +When the Australian Government needs money, it creates and sells bonds. A bond is essentially a loan; you give the Government money and it pays you this money back in the future with interest. Quantitative Easing is when the Reserve Bank of Australia (RBA) buys these bonds from the Government. This does two things, it gives the Government money to spend things on and raises the price of the bonds because the more you buy of something, the more valuable it gets to others who don’t have it (e.g. toilet paper). Boomers love high bond prices since a lot of their retirement super is made up of bonds. But where does the RBA get its money from? It creates it out of thin air which can cause inflation. + +**Where can I find more information about COVID-19s effect on finance?** + + +There is a [Whirlpool thread](https://forums.whirlpool.net.au/thread/3wj5nyp9?p=-1#bottom) that is dedicated to it. +[ABC Business](https://www.abc.net.au/news/business/) is covering it well. +Zero Hedge is covering it in detail with daily COVID and market updates. Not going to link it as it’s a controversial site with a lot of other junk. +Erik Townsend is ramping up to almost daily COVID market updates on his MacroVoices podcast. Highly recommend, he has made a lot of accurate predictions about the virus and its effect on the market from back in Jan and is a financial expert. + +*None of this is financial advice, just my personal take on it all. Don't give me gold or other badges, reddit is a terrible website that I abhor visiting and your money is better spent elsewhere.* +I feel like all we ever hear about is how Tesla is going to be taking over the world in five years. I don't know much about it, but curious to hear people's actual bear cases, not Cathie Wood's where it is worth 1500$ a share, or who has made a good bear case for it in the past. +hey guys . saw a post asking what happened to me and im just giving yas an update and lettin yas know im still here increasing my position every week and holding :) ive also voted + +deleted the post for privacy reasons as i realised that in my heightened emotional state and excitement at so much interaction and messages i may have inadvertently revealed a bit too much personal info in the comments for me comfort and also i usually delete almost all my posts at some point no matter how big they get . its just what i do + +im honored that my post reached top of all time at 1 point + +mainly making this post coz ive seen some confusion/speculation among my fellow users as to why i deleted the post with some theorizing it was fake . i def understand how the post would have come across as fake to some especially after it being deleted . also coz i was so casual and memey about it but thats just me having thick skin and being able to laugh at bad situations + +and i fully agree with being skeptical of things you see online but im here to give my personal assurance that the post was indeed authentic . + +TO THE MOON APE BROTHERS!!! +For many years I was targeting normal FIRE with 800K USD in eastern Europe. I was preparing mentally and in terms of life style to live frugally on 20-25K USD per year after I hit 40. Then, suddenly, a windfall happened - a company where I worked long time ago went public and my liquid net worth went to 5M+ USD. + +And here lies the problem, I was preparing for traditional FIRE for so long that still, after 1 year, I can't mentally allow myself to spend, I keep looking for excuses. I worry that eventually I will either stuck in this mode or explode and spend a lot spontaneously on something what I don't really need and will regret it. + +Was anyone in a similar situation, how did you overcome this state of mind? +[Margin debt declined 4.3% in July potentially registering a top.](https://www.advisorperspectives.com/dshort/updates/2021/08/12/margin-debt-and-the-market-down-4-3-in-july-first-decline-in-15-months) As you can see in this article, after a year of an extreme rate of change in margin debt it looks like it may have potentially peaked. This is the same scenario that happened at the .com crash and the 08 crash. + +Judging by the extreme [valuations](https://www.advisorperspectives.com/dshort/updates/2021/08/06/is-the-market-still-overvalued) and [evident animal spirits in the market.](https://realinvestmentadvice.com/technically-speaking-the-markets-next-minsky-moment/) I would not be surprised if we are on the verge of the next bear market. + +What are your thoughts? + +EDIT - Further explanation - [A “Minsky Moment” is the reversal of leverage following prolonged bullish speculation. The build-up of leverage is the direct result of the complacency occurring from low-volatility market regimes. One way to look at “leverage,” as it relates to the financial markets, is through “margin debt,” and in particular, the level of “free cash” investors have to deploy. So, for example, in periods of “high speculation,” investors are likely to be levered (borrow money) to invest, which leaves them with “negative” cash balances. Critically, while “margin debt” provides the fuel to support the bullish speculation, it is also the accelerant for “crisis” when it occurs. ](https://realinvestmentadvice.com/technically-speaking-the-markets-next-minsky-moment/) +Ethereum and Bitcoin are mined by thousands upon thousands of miners all around the world. Anyone can mine Bitcoin or ethereum. + +*BNB is “mined” by just 17 validators that binance controls*. That’s less servers than a medium sized sized startup would have just for reference. Nobody is allowed to mine BNB. + +So instead of binance investing engineering resources and money into supporting the community and building layer2 solutions on ethereum, they copy pasted ethereum’s code, stuck it on 17 of their servers, called it cryptocurrency and then tricked users into using it by making their withdraw page confusing. **They chose to compete with ethereum instead of support it, even though we who love ethereum supported binance and made it into what it is today.** + +You should just know that if you use BNB that you are not supporting the community, and you are probably actually working against it. Because binance winning here is just the same as a centralized company coming in and cannibalizing the technology for profit. Exactly the same. +I always read everywhere in every "Trading 101" advice that defining your individual Max Risk BEFORE entering a trade is RULE #1. I mean that advice is repeated so often EVERYWHERE that it is cliche. So what is going on? +I keep hearing how Germany can afford to bail out the rest of Europe and how the middle class just keeps growing and expanding there. What is it? + +Why has Germany not fallen susceptible to cheap outsourced foreign labor? + +Why haven't they had to institute across the board spending cuts and austerity measures? + +How can they afford the social programs there without compromising their liquidity? +Will there be a near-100% unemployment rate? Will all capital become consolidated in the hands of a few? Inevitable redistribution of wealth policies? Ultra-cheap goods? Will companies have to employ humans so that they will have customers to purchase their products? +Doing this to see if it can lead to some interesting discussions, DDs, etc. My idea to keep it simple initially is to encourage others to do their own research. +I am excluding tech stocks because I think they have been discussed too much lately :) + +I will start: DIS. I know, not that sexy. However it is and it will most likely continue to be a powerhouse considering it controls an entire sector. It shares the same kind of cult following of tech companies (i.e. Apple), therefore I believe Disney+ and the return of its normal activities will propel it to recover and grow during the next couple of years. +As the post states, I've reached a point in my trading where I'm starting to get decent returns. I want to get my portfolio to a certain point, and from there just try to make a certain amount daily to cover me and my family's lifestyle. + +But I have this overwhelming anxiety nagging at me that all of this will lead to nothing and that these returns I'm beginning to see are too good to be true. It is getting to the point where it's starting to affect my trades, almost as if I'm compulsively rooting against myself sometimes. + +Does anybody else deal with this and if you're a successful trader, how did you deal with it? +Does anyone have any advice how how I can figure out what the total cost could be? I ideally want land with power, so I will only need to put in a septic system and well. I will need to hire an architect and builder. What else am I missing? +Does anyone have any advice how how I can figure out what the total cost could be? I ideally want land with power, so I will only need to put in a septic system and well. I will need to hire an architect and builder. What else am I missing? +Are you buying a house in the middle of nowhere Arkansas? Are you buying a house in Detroit? Jackson Mississippi? The middle of the desert in Nevada? + +I know it’s a weird question but it had me curios. Curios where it would be hardest to sell a house at. +After slowly and methodically building my portfolio and exiting at opportune times over the past year and a half I managed to double my money! And then I said “What the hell? I’m young, it’s my time to be risky!” And then I un-doubled my money in one week! +For more info check out our Telegram announcements! +Telegram: https://t.me/PULI_INU +Announcement Info XT.COM listing https://t.me/c/1176413126/627328 + +About Puli Token +Puli currently offers play to earn mobile gaming, staking, a core high quality MMO RPG Game with NFT integration (coming soon), as well as… major utility development plans for a unique type of P2E launch pad called “PuliPad” The team at puli are also working on a unique type of referral system built on proven affiliate marketing strategies … +Our Puli NFTS will be a central source of the entire ecosystem… where they will be given stronger and stronger use cases as the technology continues to roll out. + +We here at Puli believe that crypto can be both safe and fun for everyone, and are aiming to create an investor safe haven on the BSC (Binance Smart Chain) +Our amazing Puli community members will soon be enjoying play-to-earn mobile games, unique MMORPG style games, as well as the ability to even rent out their NFTs to other Puli gamers for a profit share on the P2E side (helping to build the Puli community and ecosystem together as one.) +On top of all that, our dedicated team is currently working on giving NFT holders enormous benefits across the board, starting with these amazing Puli Runner Mobile benefits.. + +BUY – STAKE – PLAY – EARN + +Initial Special bonuses for our NFT Holders are likely to be as follows: +Your Puli Runner character within the game will be your actual NFT that you hold (This will be integrated shortly after the mobile game launch with unique 3D modeling) +– Increased earnings from in game fortune cookies +– Increased chances of finding cookies +– A chance for getting double rewards from a cookie +– Being able to revive X amount of times during a run +– Continual game updates and new levels/themes +– ad-free game play +– 1st priority to get on to the top earning tier +– Ability to rent out your NFT for profit share as floor price increases for all supported games + +Puli is all about creating trust in a friendly and supportive environment. The team takes community feedback very seriously – and we are committed to providing the community with transparency and fairness (throughout the entire project.) +In addition, we are soon going to begin monetizing the mascot and various merchandise through our website, as well as offering advertising opportunities (Including revenue boosting newsletter sponsorships!) + +We will quickly achieve this by growing a massive engaged following with our marketing prowess (where a large portion of this income will be set aside to benefit holders) in the form of team buy backs, lottery competitions – and a whole lot more. +Our Major Utility Focus At The Moment Is On An Exciting RPG Game… +Our PC Game Will Use Our NFT’S In A Way That Has Never Been Done Before! +----------------------------- +You can find more info about Puli Token, team and community here: +Website : https://pulitoken.net/ +Coinmarketcap : https://coinmarketcap.com/nl/currencies/puli-inu/ +Twitter : https://twitter.com/puli_token +Linktree : https://linktr.ee/Puli_Token + +Any questions? +Dont hessitate to check out our socials and ask! + +Hope to see you there! + +Leo +Folks, + +wanted to share some reasons why I feel OMG will usher fundamental changes to crypto and expand ethereum's ecosystem. First some context -- in the early days of bitcoin, we were excited as heck for a currency that - for the first time in modern history - has successfully managed to separate currency from governments. This was groundbreaking, and for many -- bitcoin was the ultimate solution, and 'altcoins' that largely forked off of bitcoin were considered crap by many. Then ethereum came and turned altcoins upside down with a far more ambitious and versatile platform - one that managed to very rapidly command a leading share of developers time and imagination. The fact that start up projects can be rapidly funded through ICOs only propelled the ecosystem. + +Today, and largely because of bitcion's nasty civil war, there are many blockchain-based currencies each with slightly different characteristics, but most of which are forked from bitcoin. Dash looks promising with its masternodes, incentivized ecosystem and remarkable governance system. And of course there are many others - litecoin, zcash, bitcoin, bitcoin cash (possibly more splinters to come), monero, and the very innovative IOTA with its tangle network (an emerging technology I hope the ethereum foundation studies for certain layer 2/3 applications on top of ethereum). + +So.....many investors and speculators began to hedge their bets trying to figure out which blockchain or currency will be the dominant one - after all, we were led to believe in bitcoin's early days that due to network effects of money --- that there can be only one. So which one? Bitcoin stalled for many years, others chains added innovations - but wait..bitcoin got its act together, wow! they are implementing segwit, lightning is around the corner, and soon they will be able to do smartcontracts too (rootstock). Oh wait....the drama isn't over, bitcoin cash is more profitable to mine, bitcoin is still prohibitively expensive (how many dollars per transaction again??), blockstream is still too dominant, etc... + +Enter OmiseGo. Why is this so fundamentally important to ethereum and crypto? Because instead of trying to figure out which chain is going to dominate or ultimately succeed as digital cash, payments, transfers, microtransactions, store of wealth, machine to machine payments, etc.............. we now have a plasma-based solution that is blockchain agnostic and can truly revolutionize payment technologies with a consumer experience that is likely to be far more user friendly, intuitive and have utility with actual usage. Omise the company is already working on this, has signed up merchants all over southeast asia, and is prepping to dominate the intersections between multiple blockchains, consumers, merchants (McDonalds already!?!$! ..YIKES). + +And remember the big deal we made about the lightning network finally being supported by bitcoin in recent weeks? And how litecoin jumped in market cap when they announced implementation? Well the guy that wrote the book on lightning networks is the same guy that co-authored the plasma whitepaper with Vitalik. + +Oh yes, let's not also forget that all ERC20 tokens can also be seamlessly exchanged in a decentralized, highly liquid manner using OMG tokens. I have come to the conclusion that instead of trying to figure out which blockchain is going to dominate (I still think ethereum and bitcoin - possibly bitcoin cash and dash will enjoy much success), why not invest in a technology that accommodates ALL of them, ties them into a seamless end-user experience, and is completely decentralized while adding significant value to the ethereum network through the bonded relationship that OMG's child blockchain is going to provide? The one ring to rule them all? Maybe.. + +Finally, the fact that investors can 'stake' their OMG to validate transactions, and as such be incentivized to support the OMG network will make OMG tokens even more valuable as tokens are locked in and tradeable supply is reduced. Once this takes off as the folks at Omise and Vitalik himself have envisioned, and OMG expands beyond Asia to take on Europe, Americas, Australia and Africa - the dividends that are to come could very well be enormous. + +We still don't have all the answers yet on how this will play out. How many tokens will be required for staking OMG tokens to validate the network? Ethereum played around with this number for a while, before settling what appears to be the 1,000 mark - similar to Dash's 1,000 requirement to run a masternode. I suspect OMG will lower the threshhold to keep this as decentralized as possible, and they seem to genuinely care about the little guys - the small investors that for far too long have been locked out of the most promising investments due to regulations and restrictions - ostensibly to 'protect' investors. + +I am also curious to know more about the blockchain implementation OMG has in mind. confirmation times per block, size per block, etc. I certainly hope that the Omise team is studying very carefully all the various technologies and solutions that are emerging, including tangle technology - and that they are incorporating the very best elements of each of them to come up with something awesome - something that furthers decentralization and is resilient against cyber attacks, bad actors and so forth. + +Well, this is getting too long. Happy hodling and as always, never invest more than you can afford to lose. Keep your own private keys whenever you possibly can. And remember the folks that made the most hodled the longest, so avoid the temptation to jump in and out for short term gains. Go long..grasshopper. + +I'm going to get straight to the point: I, like many of you, did not appreciate the SEC video mocking my decision to invest my hard-earned money in GameStop. But guess what? A lot of institutions also invested in GME because they see, like we do, the potential upside. Even discounting the short squeeze (which is very much in play, see the thousands of MSM hit pieces for reference), the upside is huge, akin to buying Apple in the 70s. + +So after Windows 11 updated this morning, I accidentally hovered over the widget on the side of my taskbar and it brought up GME ticker! Thx Microsoft for tracking my online activity! I got curious and clicked it, and was brought to [Microsoft's stocks page](https://www.msn.com/en-ca/money). In Edge. I felt dirty. + +However, I immediately looked up GME to see the data, and was clicking on the various tabs, and then I got to the 'Investors' tab, which I found interesting. + +We all know the big boys are holding the lion's share of, well, shares. Vanguard, BlackRock, State Street, Geode Capital, BNY Mellon, Charles Schwab, etc + +I did notice, however, that many smaller institutions are buying in post sneeze. As if they see what we see: + +# A short squeeze wrapped in an incredibly deep fucking value play. + +So without further a-do, I present to you the DFV institutions: + +&#x200B; + +[Look at them!!!](https://preview.redd.it/l8uynl1dxe391.png?width=500&format=png&auto=webp&s=2563d0565d4a75a338e6951b76b5a7a6eb167592) + +Here's the actual table I compiled, in case you can't see them clearly in the picture above : + +[Institutions buying GME post-sneeze](https://preview.redd.it/yia0z2vuxe391.jpg?width=1058&format=pjpg&auto=webp&s=9e8aa8a4fc00ea5a4dfa05979af32e7700159dde) + +All of these bought GME post-Sneeze. Some of them already had some shares and added, others were new investors in the stock. + +&#x200B; + +[Twin Tree Management started buying in Q3 21, and added in Q4 21 and Q1 22. They currently hold 143,026 shares worth 23.82 Million $](https://preview.redd.it/7c17zic2ye391.jpg?width=1235&format=pjpg&auto=webp&s=e3bc38fe9d73550b100a02b329103127520b06e0) + +[Retirement Systems of Alabama rocks my socks so hard. They bought 80k shares in Q3 21, then lightly added in Q4 21 and Q1 22. They currently hold 81,146 shares worth 13.52 Million $](https://preview.redd.it/ddv6iv3cye391.jpg?width=1238&format=pjpg&auto=webp&s=68cf5977a9a328eea0e27ae5b0bc5547875e64e1) + +[Anson Funds Management LP is a new buyer. They bought 62,470 shares in Q1 22, which they currently hold, worth 10.41 Million $](https://preview.redd.it/aydagc3nye391.jpg?width=1234&format=pjpg&auto=webp&s=eb2e8c740c0034e763b26167703b64864fd981bf) + +[State of Wisconsin Investment Board always dabbled, but seriously increased their holding in Q1 22, by 649.33&#37;. They currently hold 58,530 shares worth 9.75 Million $](https://preview.redd.it/p0s32fvvye391.jpg?width=1228&format=pjpg&auto=webp&s=f2771ce8b62b3bbd3ef16720c23c09147c5f70f5) + +[Mutual of America Capital Management just went HAM in Q3 21, increasing their holding by 593.84&#37;. They currently hold 56,392 shares worth 9.39 Million $](https://preview.redd.it/yblf8vh7ze391.jpg?width=1233&format=pjpg&auto=webp&s=ef2ed1ddd590d9e8d3bf81b4eb4e35a3b3df643f) + +[Coatue Management is a new investor. They bought 54,697 shares in Q1 22, which they currently hold, worth 9.11 Million $](https://preview.redd.it/fgrr8gejze391.jpg?width=1235&format=pjpg&auto=webp&s=be268c0032365d7a518805843006723769b73bb9) + +[Fairbanks Capital Management has been holding and adding GME for some time, and in Q1 22 they increased their position by 92.37&#37;. They currently hold 47,900 shares worth 7.98 Million $](https://preview.redd.it/5terkbaqze391.jpg?width=1231&format=pjpg&auto=webp&s=e1713f88647b383f61955c66c0315f741a2e6656) + +[Amalgamated Financial Corp is another new Q1 22 buyer. They currently hold 46,850 shares worth 7.8 Million $](https://preview.redd.it/kjah2i210f391.jpg?width=1237&format=pjpg&auto=webp&s=dd2566ecabb5442bc5af387595b1b5f2bf57e68d) + +[Eaton Vance is yet another new Q1 22 buyer. They currently hold 21,006 shares worth 3.5 Million $](https://preview.redd.it/glz7cnoo0f391.jpg?width=1234&format=pjpg&auto=webp&s=4191411c55f6f2835b2f8d113e132b9be316adb1) + +[Teacher Retirement System of Texas know what's up. They first bought in Q1 21 and kept buying the dip! They currently own 13,477 shares worth 2.25 Million $](https://preview.redd.it/jhvwmh390f391.jpg?width=1230&format=pjpg&auto=webp&s=1cf78a2f698ed7e715989cfde9560f73a944e5f5) + +[Algert Global LLC bought GME in Q3 21, then more than doubled their position, by 138.09&#37;, in Q1 22. They currently hold 13,288 shares worth 2.21 Million $](https://preview.redd.it/lus98bdx0f391.jpg?width=1232&format=pjpg&auto=webp&s=f854146abcbd2e6b7cb6c2d95160f989112da1a6) + +[FFCM LLC bought GME in Q3 21, then almost doubled their position, by 90.58&#37;, in Q1 22. They currently hold 7,002 shares worth 1.17 Million $](https://preview.redd.it/wsr0qrmb1f391.jpg?width=1216&format=pjpg&auto=webp&s=364e42e7a80f643f0e9eae39d02467f98d0175c5) + +[Scotiabank also bought GME in Q3 21, then increased their position in Q1 22. They currently hold 5,889 shares worth 0.98 Million $](https://preview.redd.it/yhqpicfj1f391.jpg?width=1209&format=pjpg&auto=webp&s=0c15e7b04e6b372e1bdebceddd23e1317ce79034) + +[Penserra Capital Management first bought in Q2 21 then dramatically increased their position in Q1 22, by 1,373.78&#37; ! They currently own 4,215 shares worth 0.7 Million $](https://preview.redd.it/u7hml9kp1f391.jpg?width=1216&format=pjpg&auto=webp&s=584e7b47a1a7552deb27b4ad346a0f9c3f885418) + +Anyway, you get the gist. + +The dramatic increases I am seeing in institutional investments in Q4 21 and Q1 22 are actually a good indicator that may point to things coalescing soon! + +In any case, I was zen months ago, and so should you. The SEC is scrambling. The hedge funds are shitting their pants. The investment banks are bracing for impact. + +Before I end this post, I want to leave you with this: + +[Look at these motherfuckers. Even Motley Fucking Jokers know what's coming.](https://preview.redd.it/v97vc2lv2f391.jpg?width=1212&format=pjpg&auto=webp&s=76736313fdb01dd82c53972f6b437feaa1fa3425) + +TLDR: Institutions are seeing what we are seeing. They are investing in GameStop for the short squeeze and for the long-term value play. Shit, they may even be reading our DD! Shorts R Fuk. MOASS is tomorrow. +Have any of you invested heavily in growth stocks and then reinvested the gains into dividend stocks? To me that seems like a much faster way to grow your dividend portfolio. + +I have played around with the idea since it to me seems like a much faster way to grow your wealth with growth stocks rather than wait for the compounding effect the dividends has. + +A few 5-10 baggers would yield me a much greater return on a limited timeframe than investing continuously into the same dividend stocks, right? + +I ask because it always seem that people are either on one team or another and don't consider mixing the two investing strategies. + +Any input? +I‘m coming from the natural sciences and currently getting into economics. I started reading Basic Economics by Thomas Sowell but dropped it as I had the feeling that he tried to convince me of the free market, wages a personal war against communism, and regularly digresses into ramblings about government regulations. Then I tried to read Principles of Economics by Mankiw which is pretty alright so far. Nevertheless, I notice a strong bias toward free market capitalism here as well. Mankiw also likes to drift off into rants about how bad the government is and how the free market is the only way to go. Like, I‘m fine with you being a libertarian but I was expecting a textbook on principles of economics, not your diary. I'm not used to textbooks having such a strong bias. Is this common in economics or did I just pick the wrong textbook? +Hey r/realestateinvesting + +This sub has been so beneficial and really enjoy sharing my real journey as a real estate investor. If you see my post history, I had recently moved out of state and went from self-management to a professional manager. My mindset had changed and things have gotten a lot better, because, at the time of my last post, things looked very grim because after all of the fees, vacancies, etc we took close to a 32% loss in profit in our cash flow by using professional property management. + +However, I came to a new conclusion, and here is why. + +**Quick overview -** + +We started our single-family rental property journey in 2017 and now today have accumulated 10 properties. At the time, all of the deals we did 30-year, 20% down, fixed-rate financing (I.e. maximum cash flow). While self-managing, cash flow was roughly $4,000 a month and now with a property manager it is down to $2,700 a month but it is a lot less headache. + +BUT the reason for the title. Originally I was so bummed and thought the hit was huge and really contemplating if this was still worth it to do REI. But this sub helped me to realize that my major learning was having a property manager would allow me to scale to many more like 50+ properties whereas the 10 properties I was capped out on time and honestly hated it. Hence, it was worth for just that sole basis on the opportunity cost and personal preference. In addition, there was always the possibility that rents would increase over time, and eventually, we would break even or even more profitable one day. + +**New Learnings I.e. title reference** + +However, since moving out of state, our portfolio has just skyrocketed in value, at the time of acquisition our portfolio was roughly worth $637k and now today it is worth close to $1M in only 4 years while still cash flowing every month to cover expenses and an emergency fund. + +Hence, here is the major learning I took away is: home appreciation is where the real money is over cash flow. Though we took a loss of $1,300 a month, even if we only see 3-5% appreciation per year, it is completely worth it to hold our portfolio. Tax benefits and cash flow are just the icings on the cake. Cash flow is really important, BUT, a loss of $1,300 a month to gain many thousands more in appreciation really put it into perspective on the value of holding long-term. + +**Going forward** + +We are now in talks with a commercial lender to refinance all properties under one loan to a lower rate on a 20-year amortization and going to do a cashout refinance and purchase more properties. Once the final appraisals come out, we will be able to pull out almost $175k cash (80% LTV), lower our monthly payments, and increase cash flow and drastically increase our principal pay-down payments. + +*Our plan is to use the $175k + $100k of our cash to purchase a $1M+ apartment complex. We are using the same bank that is doing the refi and the same property manager on our single-family residences to manage it. We will ultimately be lowering our overall property management fees and doubling the value of our rental portfolio to $2M and almost tripling our monthly cash flow.* + +**Conclusion** + +The moral of the story. Had I have given up and been discouraged from the frustration of a property manager (I.e. losing $1,300 a month), none of this would have happened. If you are reading this and frustrated too, stick it out, continue to read this sub, educate yourself, and network with mentors to learn new strategies! Hence, if you are feeling discouraged and want to quit, there is always an angle and a play, keep on going! + +I would love to get any feedback and happy to answer any questions that anyone has. + +I hope this helps someone to keep on going! Happy investing! +Hello Apes, + +Cheers to all the hedge funds forcing my brain into growing a few wrinkles! I wouldn't be here today without you! Y'all ready for that dank confirmation bias? Don't forget to puff puff pass this on to any relevant subreddits. + +&#x200B; + +https://preview.redd.it/r4om962gyiu61.jpg?width=580&format=pjpg&auto=webp&s=9846487bfc3af3409d8650661eca9e72c87943ac + +We all "know" there is some major fudgery going on. One of the areas I personally understood the least was Dark Pools or OTC trading. I am not going to pretend I have a masters in economics or hell that I even finished college, but I can assure you I have a black belt in google and know how to operate a spreadsheet. + +# WTF is a Dark Pool? + +&#x200B; + +https://preview.redd.it/9g3n3c1fyiu61.jpg?width=988&format=pjpg&auto=webp&s=8d62c602671b7a947fe9cf1e855f4613f1de95eb + +From Investopedia: [**L**](https://www.investopedia.com/terms/d/dark-pool.asp)**ink Removed** + +*"A dark pool is a privately organized financial forum or exchange for trading securities.* ***Dark pools allow institutional investors to trade without exposure until after the trade has been executed and reported.*** *Dark pools are a type of* [*alternative trading system*](https://www.investopedia.com/terms/a/alternative-trading-system.asp) *(ATS) that give certain investors the opportunity to place large orders and* ***make trades without publicly revealing their intentions during the search for a buyer or seller.****"* + +Well that seems nefarious on the surface. Lets dig deeper. Why is this ok? + +*"Dark pools emerged in the 1980s when the* [*Securities and Exchange Commission*](https://www.investopedia.com/terms/s/sec.asp) *(SEC) allowed brokers to transact* ***large blocks of shares***\*. Electronic trading and an SEC ruling in 2007 that was designed to increase competition and cut transaction costs have stimulated an increase in the number of dark pools."\* + +Ok, that makes sense. We wouldn't want to cause artificial price drops just because an institution is exiting a position right? + +*"A study by Celent found that as a result of block orders moving to dark pools, the average order size dropped from 430 shares in 2009 to approximately 200 shares in 2013."* + +WTF? So what is the current average size for a Dark Pool block order? + +According to smartasset : [**L**](https://smartasset.com/investing/dark-pool#:~:text=The%20average%20size%20of%20a,in%20advance%20of%20market%20knowledge)**INK REMOVED** + +*"The average size of a dark pool transaction has dropped to little more than 180 to 200 shares per transaction. This is a far cry from the original intent of ATS. Nevertheless, dark pool exchanges are built for institutional investors looking to act in advance of market knowledge."* + +That seems like normal market order size. I wonder what the average trade size on the NYSE is? + +According to seeking alpha: **LINK REMOVED** + +*"This year, the average order has shrunk to only 200 shares."* + +Well....... Fuck me (us).... + +# How about some Data? + +&#x200B; + +https://preview.redd.it/96ru5yhiyiu61.jpg?width=612&format=pjpg&auto=webp&s=c12516a9a7d1d58b0323de8ea8518cb53ec0c0f7 + +Thank goodness Dark Pool data is publicly available even if its a huge pain in the ass to sort through. Lets check what Finra has to say about the last month of available data for ohhh lets try 10 stocks. Gamestop, A certain movie theatre, American Airlines, Best Buy, Bed Bath & Beyond, Ford, General Motors, Office Depot, Apple and Microsoft. + +Data sourced from Finra OTC Transparency: **LINK REMOVED** + +Oooooo oooo ooo. Look at all these pretty colors! + +&#x200B; + +https://preview.redd.it/rg71ptmjyiu61.jpg?width=466&format=pjpg&auto=webp&s=6c556ab1eea57d48a9d178019c1f465f4ea7ca4c + +This is the main table of data I will be using to run some calculations. Anything catch your eye? How about now? + +&#x200B; + +https://preview.redd.it/ar4ipu1lyiu61.jpg?width=1440&format=pjpg&auto=webp&s=256d9a6b059657f83aebc13c72c67776b76bab15 + +Still don't see it? This is as smooth as I can make it. + +&#x200B; + +https://preview.redd.it/h83bw64myiu61.jpg?width=824&format=pjpg&auto=webp&s=a0f3b15a94988806947000021201aa6d1e76ae37 + +Ok... WTF right? 24% of GME and 15% of a certain movie theatres float is traded in Dark Pools? That can't be right. There's no way that can be right. Even the most shorted airline AAL has a ratio of 2.29%. If you average the other companies together we get .91%. That means most companies (or at least the ones here) have an average of less than 1% of their shares traded in Dark Pools but GME is almost 1/4 of all available shares traded OTC? How can that be? We will get there in a minute. + +Lets first take a look at some more fudgery. Average number of shares per trade in Dark Pools. Remember how we found out the average is 180-200 shares? Look at these numbers. + +&#x200B; + +https://preview.redd.it/xebs37fnyiu61.jpg?width=1320&format=pjpg&auto=webp&s=c9a696fc62d67c52c4f486f50edba82722b8b03b + +Lets see if we can make that easier to read. + +&#x200B; + +https://preview.redd.it/gpvhbskoyiu61.jpg?width=843&format=pjpg&auto=webp&s=17befaf7fcb78b7b0708ff5641ca47cd93e4bb95 + +So you are telling me that the system built for large block trades, that averages 180-200 shares per trade (lol already) swaps GME shares on average of less than 50 shares per trade? Get fukt! This defeats the entire purpose of Dark Pools and if nothing else lends credence to the theories circulating about rehypothecation in OTC. + +# Lets get to that sweet speculation! + +Warning: I am not a financial advisor. I don't know what the fuck I'm talking about. I am missing lots of historical context and extrapolating complicated ideas from simple numbers. With that out of the way LET'S FUCKING GO! + +&#x200B; + +https://preview.redd.it/6reenpfqyiu61.jpg?width=500&format=pjpg&auto=webp&s=ef79058db35285aecb09aa77ffcd1df6eb55a4e6 + +If we were to make the wild assumption that the average shares traded OTC to available float ratio holds at less than 1% what would it take to make these numbers line up? Great question! All you would have to do is modify a variable. That variable of course is how many shares are actually traded in the real world. We all know rehypothecation is possible and being practiced. We all know these shorts didn't cover. Lets run some numbers and see how bad it could possibly be! + +Here are two simulations. A worst case scenario where we need the numbers to actually line up with the average of .91% and a medium case scenario where we want the numbers to line up with ohhhh lets say more than double American Airlines the most heavily shorted airline stock. Sound fair? + +&#x200B; + +https://preview.redd.it/b8ew2asryiu61.jpg?width=659&format=pjpg&auto=webp&s=0e43c3f361b349456dc04d7273640c756fe73497 + +Holy Mother of all Short Squeezes! **26x** the float? 2,650% that can't be real but its possible. Lets look at the medium case instead. **4.8x** the float? WTF does this mean? It means that in order for the number of shares traded OTC for Gamestop to make any kind of sense we have to assume there are and additional **205** **million** synthetic shares flying around on the internet. + +&#x200B; + +https://preview.redd.it/s6d751wsyiu61.jpg?width=711&format=pjpg&auto=webp&s=fbe579019b674004a68e2acee6d8ef11cb787827 + +Let that shit sink in. In this "medium case scenario" that is already incredibly conservative we are talking about there being **5 synthetic shares out there for every 1 real share.** + +# Wut now? Wen moon? + +Fuck if I know dude. Tear my numbers apart. Give me better comparable. I used Office Depot because the available float is similar to GME and the business model of strip mall based retail with a small but growing ecommerce sector seems to line up. I am happy to run this again with longer date ranges and more companies but not without some guidance. It took me hours to do this and I want to make sure v2 is worth the time. If you would like to run the numbers yourself feel free to PM me and Ill send you the spreadsheet to do it yourself. I dont wanna make apes have to copy paste all this shit like I had to. + +**TLDR:** Dark Pools are being used to trade gamestop more than 20x more than any other stock I checked. The average shares per trade is 1/4 as much as any other stock I checked. Extrapolating from this data I hypothesize that there are anywhere between 260 million - 1.4 billion GME shares floating around when there should be only 54 million. + +**ELIA:** Ape pass banana up tree. give banana to smarter ape. + +MY TITS ARE JACKED! + +Edit 1: Holy hell, thanks for all the comments and awards. I am on satellite internet and its gonna take me forever to respond. Please don't take it personally. + +Edit 2: some great comments about this missing exchange volume data. I would like to include that but I have questions. Is this finra OTC data separate from public daily posted volume or is it part of it? I am assuming it's separate as it's delayed reporting. +Background: I've been trading manually using technical analysis for about a year and have a fairly good grasp on TA and indicators. Also have a solid foundation in programming, work as a programmer and have a MSc in computer science. Have been using Tradingview and Pinescript for backtesting, but I'm starting to feel its limitations, so I want to start using something more powerful with access to more data. + +I wish to use Python, both because it's a language I know and like and because it seems to be widely used in algo trading. My main goal is to be able to design solid backtests where I can write custom indicators. I also want to be able to do automatic trading, but a good backtesting system is my main priority. + +These are the libraries/platforms I've considered so far: + +- QuantConnect + +- Backtrader + +- Backtesting.py + +- PyAlgotrade + +- bt + +A lot of people here seem to be using QuantConnect. I like that it provides lots of data for free, but I'm not so keen on having to upload my algorithm to their cloud. I have a good first impression of Backtesting.py — any opinions on it versus the others? Or any other good candidates? +They can no longer manipulate retail with buying and selling, shorting, and having MSM say retail is selling. Bad days no longer have any psychological effect on GME shareholders. But here is their first attempt at destroying morale through rug pulling DRS. They are creating a new play book based off retails new play book. Which we all knew they would do. In my last thread about this someone replied, "I will wait to see their 13fs filed for this type of thing" as if they care about transparency and being honest. + +&#x200B; + +Their only chance of survival is the DRS balances out. To hit a point where it seems like more people sell their DRS shares than transfer in. That's it. They are throwing everything they have at manipulating retail, I made a post about this last week. You either give up, or you prepare yourself for DRS fuckery, because they will do ANYTHING to get you to sell your shares. Buy, DRS, and know what you hold. + +&#x200B; + +Check my post history. + +&#x200B; + +\*edit. Now prepare yourself for msm to finally talk about DRS. They would never talk about DRS when good things were happening, which was odd. How can they ignore the little guy story? The Rocky story. The Rudy story. The poor guys all individually supporting a ticker to get a once in a lifetime win. The american public loves the story of DRS. Dead silence. Crickets. If the DRS rug pull was the play book, be prepared to hear all about DRS now and how retail has finally given up on it. In essence, the exact same play book as what they did on red days, except now with DRS and quarter reports. + +&#x200B; +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 grew up pretty poor and I have been fortunate enough to build my own career where I earn a very good income. Thought I'm not fatFIRE yet — a long way off, in fact, but I've got time on my side — it's my end goal. + +Over the years, I've found lifestyle creep starting to set in. It's not an issue, but it does get me thinking sometimes. It almost seems impossible to avoid. Personally, I mostly splash on three things: good food, good hotels, and things that make me more comfortable / make life more convenient, so long-haul flights in premium cabins, etc. I don't buy stupid Louis Vuitton jumpsuits plastered in their tacky logo or walk around the club holding a bottle of obscenely marked-up DP with a sparkler strapped to it in the air. + +These are all things that, going back five-or-so years, were a world away from being accessible to me. Never in all my wildest dreams would I have thought I would be able to fly transcontinental in first or business on good airlines, stay at Amans and the Four Seasons for a week multiple times per year, and eat out/order in good quality food several times per week. Yet, I can. And the more I earn, the more I feel detached from the realities that those on more modest earnings experience. + +I'm not sure where I am going with this post. I just thought it would be interesting to hear the input of those in similar positions. +Lots of people here invest in stocks and real estate for wealth accumulation but these investments don’t generate tons of income like some small businesses out there. The 2 businesses I’ve purchased nearly doubled my income even after debt servicing. It’s definitely more involved than stocks and real estate but with a manger in place I would hardly call it a “full time” job. + +There’s some misconceptions out there about business investing you may have come across that aren’t true. Such as these: + +**A small business for sale must mean its failing.** + +It’s very rare and difficult for a business owner to sell a failing business. This owner would have to fool a business broker and their team, you and your accountant, your lawyer, and the bank you get financing from. + + **Buying a business is buying a job** + +This is only true if you’re buying sub $50,000 shops where you’re the only employee with no room to hire a manager. For example a corner store. + +**It costs too much to buy a business** + +Lots of people get this idea that a business is worth millions of it was sold. Small business aren’t really that valuable. Most small businesses sell at 2x - 4x their EBITDA. +Hello ape friends, + +I am seeing a lot of good intentioned apes getting excited at our CS account numbers (and why wouldn't you be? my gawd my tits are so jacked I've gone shirtless for days!). However, many are setting the float at 30 million shares. This is a false number and not the float we need to cover. + +The idea of 30m is understandable - it is roughly the retail float. So it is easy to think "retail needs to cover the retail float." However, this banks on a huge, blind assumption that those holding the other 46.5m shares will be DRS'd and not lending them out. This is a dangerous assumption that should not be assumed. Do NOT assume we have any help from anyone. Apes must do this alone. + +Thus, realistically, we need the full 76.5m float minus the guaranteed 9m owned by Ryan Cohen. We need 67.5 million shares on Computershare to set this off. + +By underestimating this number, we are setting a low bar which is VERY dangerous for two reasons. + +1.) By advertising that we are over twice as close to covering the float than we actually are, we are going to give apes bystander syndrome. Apes will think, "Aw we are so close, it'll be covered without me." But in reality, we are much further away and desperately need their DRS too. + +2.) As a false "shares per CS account" number goes lower and lower, we will feed into anti-DRS shilling. Once we get to a number that feels like we MUST average that much per account, we will lose steam. By artificially making that number less than half of what it should be, by basing it on a false 30m float, we are going to help make it seem like DRS isn't working. + +Some of the best of you, doing some of the most important tracking and DD here, are using 30m as your float number. I ask that you please move to the conservative, guaranteed number. Drop your optimistic, best case scenario float numbers of 30m for your DRS posts. Please stick to the full 67.5m! + +Edit - 76,491,496 shares minus RC's 9 million = 67,491,496. So, 67.5m!!! (Fixed in post above) +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) +I just removed-- I kid you not-- **75 POSTS** of AH market activity, all of which lacking substance. I know that after writing this post there are going to be even more to remove, as well. With that said, please take a moment to check "New" or "Rising" when you are about to post. It would save you and the mods a lot of time and energy, Thank you. + + +... and please don't post about how much people are reposting unless your post has added value +(ex. Meme about reposts 👍 | "Stop reposting AH screenshots" 👎) +I'm looking for some foundational economics knowledge, specifically macro / government budgets / monetary theory and policy. + +Would like to take one or more courses and get some kind of certificate out of it, willing to pay, but looking to pay less than $1k. (For now, looking just for some education, not to make a career shift.) + +I have done much googling & reddit searching (& have discovered that "economics certificate" is usually a dead end, since there are apparently professional certifications economists get, and that is not what I'm looking for). + +I came across [The Power of Macroeconomics: Economic Principles in the Real World](https://www.coursera.org/learn/principles-of-macroeconomics) on Coursera via UC Irvine, and think I have found the perfect thing. + +However, the professor's name, Navarro, rang a bell; had to google him to remember why I knew the name. Without getting into politics, Wikipedia has three sources cited to defend the line "Navarro's views on trade are significantly outside the mainstream of economic thought, and are widely considered fringe and misguided by other economists." + +And so this brings me to two general questions: One, is the UCI course worth taking? My gut tells me that while many think this guy is nuts, he's probably fine to learn these basics from- I'm not even sure his perspective would bear on how he presents this introductory material. But also, if I have the choice of him or anyone else... I would personally go with anyone else. + +So the second general question is-- any other courses or certificates I should be looking at? +Can some explain why? Genuinely? Our prices are insane compared to US cities where the average income is the SAME as ours. + +Why is debt servicing and spastic home values part of our national psyche? +17 male. $25k saved. + +Hey guys, 25k saved here and I’m wondering where to allocate (I work a lot). I rarely ever spend money and have 1500 in VOO in a Roth IRA. What other investments should I make into my Roth IRA to max it out this year? Also what other investments can I make? (I will not invest in crypto so do not comment that lol) thanks! +Wasn't sure if there was a way to take advantage of stop by limit buys trailing buys any of that kind of stuff.. or if there was a way to look at the asks and bids or anything else obviously I want to buy as many as possible for as cheap as possible.. not looking for financial advice just curious theoretically what somebody might do or might look for.. thank you. +Hi, throwaway as I'm ashamed and scared. + +I'm in my mid 30's , married and have a 2 year old. Over probably the last decade I have accumulated debt and buried my head in the sand and not confronted it. This is now at 34k and my wife has no idea. + +I have recently had the lightbulb moment and realised it needs to change and started taking action such as moving to 0% interest and stopping ALL credit card payments. but since confronting the issue I cant sleep and its taking over my every thought. The breakdown is like this + +Barclays loan - £7000 outstanding, £200 a month repaymentHalifax Credit Card - £6600 outstanding, £170 a month repayment, 0% interest until December 2023 + +Virgin Credit Card 1 - £4750 outstanding - £100 a month repayment - occurring about £50 interest a month + +Virgin Credit Card 2 - £9000 outstanding - £150 repayment a month, 0% interest until Jan 2024 + +MBNA Credit Card 1 - £2000 outstanding - £50 repayment a month + +MBNA Credit Card 2 - £4500 a month - £115 repayment per month - 0% until Feb 2023 + +Total - £33,850 - repayments per month £800 + +Income - I earn £2180 after tax + +I also pay £900 a month into our joint account to pay for the mortgage and bills, my wife works part time and covers the food. + +At the end of the month I will be left with around £300 but always have things crop up so this quickly goes. + +Please let me know if I am doing the correct things in going to interest free credit cards as much as possible. I can also see theres an option to borrow money against my mortgage, doing this will mean I could borrow £34k and pay around £580 per month and be fully paid off in 5 years, is this a good idea? it will be less interest overall as I am unable to put all my debt onto interest free. + +Thank you so much. + +EDIT \* spoken with my wife and posted an update below. +This means no call holders can profit from the spike in IV, nor can anyone exercise their calls. It also means the MM who shorts using ITM puts does not see an immediate devaluing of their assets or loss of ability to exercise in the green. Following this line of thought, it's clear hedgies don't want this price increase to last till market open, even though liquidity is terrible in extended hours. Too bad for them! + +BUY. HODL. DRS. PLAY OPTIONS ONLY IF YOU'RE WRINKLED ENOUGH. + +💎🙌🏼🦍💪🏼🚀🌙✨ + +Character limit. Character limit. Character limit. Character limit. Character limit. Character limit. Character limit. Character limit. Character limit. Character limit. Character limit. Character limit. +I’ve seen that many of the economic crises faced by E.U. countries like Greece and Italy are in large part due to the fact that their economies are linked by the Euro but are otherwise independent of each other and follow completely different business cycles. + +The U.S. has fifty states, many of which have GDP numbers comparable to whole nations. They each have their own legislature, politicians pushing different economic policies and can issue their own debt. + +Why don’t we have the same issues with one Central Bank proscribing solutions for the group as a whole? What makes the economies of the states follow the same economic cycles as each other, or do they even do that? If not, what makes the Fed’s actions effective all around when the E.U. Central Bank seems to do as much harm as good, with some saying it’s policies only help the bigger countries like Germany? +**TL;DR - The halt was a genuine (and legally required) tactic used by the exchange to comply with the SEC's LULD (Limit up, Limit Down) rules. The halt IS NOT what we should be focusing on, rather how the price action changed so significantly that it caused it.** + + +I apologise for any formatting issues, I am writing this on my phone! Also, appreciate u/Dlauer correcting any misinformation! I hope to add photos very soon! + + + +#What was the halt? Was it legal? + +*On May 31, 2012, the Securities and Exchange Commission (SEC) approved, on a pilot basis, a National Market System Plan, known as the Limit Up/Limit Down (“LULD”) Plan, to address extraordinary market volatility. The Plan was approved as a permanent rule on April 11, 2019.* + + +*The Plan is designed to prevent trades in NMS Stocks from occurring outside specified price bands, which are set at a percentage level above and below the average reference price of a security over the preceding five-minute period.* + + + *The percentage level is determined by a security’s designation as a Tier 1 or Tier 2 security. Tier 1 comprises all securities in the S&P 500, the Russell 1000 and select Exchange Traded Products (ETPs). Tier 2 comprises all other NMS securities, except for rights and warrants, which are specifically excluded from coverage. The Plan applies during regular trading hours of 9:30 am ET - 4:00 pm ET.* + + +Well what is all that nonsense eh? Basically, to stop crazy wild price swings of ridiculously abnormal trade prices. If we want MOASS, we're gonna have to climb there. The trades have to be executed, within a certain percentage of each other. + +Imo, the exchange was legally doing what it was required to do. + +________________________________________________________ + +#Definition of a LULD + + +*The price bands, consisting of a Lower and Upper Price Band for each NMS Stock, are calculated by the two SIPs – CTA and Nasdaq UTP. The SIPs calculate upper and lower price bands by applying a formula to a Reference Price, which is the arithmetic mean price of Eligible Reported Transactions over the prior five minute period. (The first Reference Price of the day is either the primary market’s opening price or the primary market’s previous day’s closing price/last sale when opening on a quote. If no eligible trades have occurred in the prior five minutes, the previous Reference Price remains in effect. The Reference Price is updated after 30 seconds only if a new Reference price would be least 1% away from the current Reference Price.* + +*The Price Bands are calculated by multiplying the current Reference Price by the applicable Percentage Parameter and then adding or subtracting that value from the Reference Price and rounded to the nearest penny.* + +*Price Band = (Reference Price)+/- ((Reference Price)x (Percentage Parameter))* + + +**Illustration: Assume that “XYZ” is a Tier 1 security and has a previous closing price of $25. As such, its percentage parameter would fall within the first bucket (Greater than $3.00) of Table 1 above. Security XYZ would therefore have upper and lower price bands that are 5% greater ($26.25) and lower ($23.75) than that of the previous closing price, respectively.** + +________________________________________________________ + + +#How we halted + +When the National Best Bid (Offer) is below (above) the Lower (Upper) Price Band, the SIPs disseminate the National Best Bid (Offer) with an indicator identifying it as unexecutable. + +Trading immediately enters a Limit State if the National Best Offer (Bid) equals but does not cross the Lower (Upper) Price Band. When a Limit State occurs, the SIPs indicate the National Best Bid (Offer) as a Limit State Quotation. + +Trading exits a Limit State if, within 15 seconds of entering the Limit State, all Limit State Quotations are executed or canceled in their entirety. If the market does not exit a Limit State within 15 seconds, the primary listing exchange declares a five-minute Trading Pause. + + +________________________________________________________ + +#Conclusion? + +We started to go fucking parabolic. There were trades THAT WERE BEING EXECUTED so far outside of the NBBO, that the exchange was legally required to halt and resume trading at the last (legal) price. + +The crime isn't the halt. Its how the fuck trades were being executed outside of the NBBO. + + +________________________________________________________ + +#extra sauce + +So you know today how we kinda started to crash around 25 mins before market close? + +*Price Bands are doubled during last 25 minutes of the regular trading day for all Tier 1 Securities and for Tier 2 Securities below $3.00.* + + +They rely so fucking heavily on this price band to flash crash. The acceptable limits are raised to 10% in the last 25 minutes and you can clearly see that helped them. +My kids dad the Forman is frustrated. Something to consider if your looking for a career. + +I’m not simply talking carpentry. There’s plumbing. There’s OSHA inspections. Electrical. Welding. Some of it isn’t even physical. + +Please read the entire comment section. Lots of job opportunities. +Visa and Mastercard reportedly warned US financial institutions that hundreds of thousands of credit cards were stolen in the massive breach. +https://www.cnet.com/news/equifax-hackers-said-to-have-pilfered-200000-credit-card-accounts/#ftag=CADf328eec +I see a lot of users here advocating to find a partner just for the sake of getting on the property ladder. Which to me is wrong/disgusting. I also see a lot of people here shooting down singles and completely demotivating them. It’s just frustrating. + +I thought I’d create this post for singles who want to get on the property ladder but feel demotivated. + +So current single homeowners...Please inspire us. How did you get on the *property ladder*? What tips do you advise for singles? Please share any wisdom to help us. + +Single can do it too!! I know it’s possible as I’m almost there! I just want something to inspire singles as we head into the year. + +EDIT: lots of different pathways in this thread. Of course please take things with pinch of salt and do your own research! I hope singles are picking up some tips and tricks! We’ll all make it +https://www.cnn.com/2020/05/28/investing/carl-icahn-hertz-bankruptcy-loss/index.html + +"Carl Icahn believed in Hertz right up until the end. And it cost him $2 billion. Icahn was the largest shareholder in Hertz, which filed for bankruptcy late Friday night". + +Edit: I do know that it is risky and I am prepared to lose all of the money but as I said I would want to diversify my stuff to limit that possibility + +I am 13 years old and have around 400 dollars I own in my dads safe that I don’t want to spend so I was thinking of trying to do stocks or something to make passive income with 300-400 dollars preferably diversified investments, I am also open to any other ideas. I have watched videos on stocks and finance but don’t know how to start, I believe my parents would help me if I knew how to. I make around 100 a month helping around my house and my brother. Note I am thinking it would be wise to consult a financial advisor about having to pay taxes or anything like that. My parents are older and my mom is recently retire and is saving money to help me buy a car and pay for college. I have plans for the future such as getting a retirement account as soon as I can and know how to build good credit. I know not to believe people who show off there wealth because the poor stay poor by pretending they are rich. I am seeing what I like know will I have support so I don’t waste money on stuff in the future and know to pay more for a good product/service and save money rather than pay cheap and have to get it done multiple times. +Literally anyone can make 20-30% in a bull market. You are not the chosen one if you’re up on your initial investment, and you shouldn’t invest more than you can afford to lose just because you’re making money when everyone else does too. + +Those who beat the market every day with smart trading are in the minority. Please check your portfolio’s performance and compare it to the market average. Are you still a genius? + +Many of us have fallen for this in 2017, buying and selling shitcoins on a daily basis, being eaten up by fees, but we were still up at the end of the day thanks to the bull run. But we would’ve made more money if we just hodled our coins and not traded at all. + +FOMO is hard to deal with, but you can’t ride every moonshot, and that’s something you’ll have to accept in the long run. +I agreed to be a guarantor for a friend (XYZ) who has since ghosted me. To the tune of £8k + +I complainted to Amigo loans using the template from Debtcamel at the end of last year and in Jan 2020 I received an email saying they were not upholding my complaint etc. + +I didn't forward to the FOS for various reasons including Covid. + +I also did not hear anything from Amigo Loans until today, where they have emailed me asking: + +&#x200B; + +>I am writing to you in relation to an investigation we are completing on XYZ's loan agreements. To help us with our investigation, we would be grateful if you could provide us with some additional information. +> +>To ensure we have the most up to date contact details for you, please log in to your Amigo account and ensure your personal details are correct. This includes mobile phone numbers, email address(es), address including postcode. +> +>**Our standard approach to redress** +> +>Our records indicate that you have made some of the payments against one or more of the loan agreements that are the subject of XYZ's investigation. In the event that we uphold XYZ's complaint, we will also look to provide you with an offer of redress. +> +>Our normal approach to calculating redress is to refund the guarantor for all the payments that have been made by them, in respect of any loan agreement, when a borrower complaint is ultimately upheld. We offset these refunds to the guarantor against any redress that we owe to the borrower. In some cases, where the redress due to the guarantor is greater than the redress due to the borrower, there may be an increase in the borrower's outstanding loan balance. +> +>However we are aware that, in some instances, borrowers and guarantors may have entered into separate arrangements whereby some or all of the guarantors payments may have been refunded by the borrower. Amigo wants to ensure that the redress we calculate for you and XYZ best reflects the situation, and that the calculation of redress reflects the reality of payments that have been made. +> +>**What you need to do** +> +>To enable us to better allocate any potential redress between yourself and XYZ, please complete a web-based questionnaire through your online Amigo account. +> +>This questionnaire should take around 10 minutes to complete. Please complete the questionnaire via your online account within 14 days. If no response is provided within 14 days the complaint investigation will progress based on the information we hold on your account. +> +>We have also contacted XYZ to obtain similar information from them. Where possible, it would be helpful if you were able to agree a consistent set of responses to the additional information that we have requested. Where this is not possible, we ask that you respond to the questions in any event. We will use the information provided by yourself and XYZ, as well as records of payments we hold on our system, to determine a fair allocation of redress. +> +>For the avoidance of doubt, we have not yet reached a decision on the outcome of XYZ's investigation. We are requesting this additional information so that in the event XYZ's complaint is upheld, we are in a position to calculate your redress as quickly as possible. +> +>**What happens next** +> +>We will be issuing you a written response following our investigation into XYZ's complaint. Confirmation will be given at this stage if any redress is due to you and XYZ. + +To date, I've still not heard anything from XYZ since late 2019 + +my financial situation is: I'm currently on Universal Credit, and have been since the beginning of the year. + +I left my full time job in 2019 to pursue a fledgling career in photography and have very little income from it. + +and I don't have much left in the way of savings. + +Would anyone be able to give me any advice on how to proceed with them at this stage please + +EDIT: + +Thank you to all who responded. + +to clarify, when the loan was initially taken out I had a job and salary that Amigo deemed I could afford it. Which, to be fair, was true on paper, nice job, savings. As mentioned, I then decided to take the plunge and change careers to being self-employed. And due to covid I've used up nearly all of my savings. + +XYZ tried to top the loan up however when Amigo tried to vet me again they decided I wasn't in a position to be guarantor if the loan was topped up. circa early 2019 + I've been really bored lately and suddenly felt the urge to make money instead of just playing games all day. I would really appreciate any suggestions on how I should invest my 4000 dollars? (CAD). +I’m a maths teacher and find the job not so fun as I thought it was. + +What industry can I crack into? I heard about IT helpdesk roles. Some reading said NDIS related roles too. + +Focus is work life balance. Leaving at end of shift and less stress. + +Teach Maths, Sydney, currently $74000 pa and $89000 pa mid next year. Got an accounting bachelor degree too. +After spending over 36 months on my bot, I've finally ingested enough data and run over million experiments and the yield I've back tested for the past 10 years with millions of iterations of entry/exit points yields a mere 13%. + +I've lost a lot of hair and time and well 13% is losing to SPY (in recent times) and it feels pathetic. +Ethtrader has literally turned into shitpost memes stacked on top of more memes. General discussion has turned into chickens with their heads cut off. How come nearly more than 50% of the posts on the front page of this subreddit are memes? +Here are my stats: +26 years old. +401k - 90k, HSA - 10k, IRA - 30k, Brokerage - 70k, Emergency fund - 13k (building up to 20k) + +I save a lot of money, but I haven't really had a short term goal until recently. For about a year, I've been contemplating purchasing a home. I'm looking at about 50k for a down payment. Assuming the market remains strong within the next few weeks, I'll liquidate most of my brokerage account to get this money + extra for closing fees. + +But here's the thing - that money gives me security. It's nice to know that it's there if I need it. Even though by the numbers I believe I'm prepared to purchase a home, it's still a scary prospect. It also feels like I'm taking a huge hit to my FIRE goals, even though the money will still exist, just in a different form. + +Has anyone else experienced this? +I work for a company that matches up to 4% for our 401(k). I've been at 5% since starting to was to start shifting that percent higher on a yearly basis. After speaking with my father in law (who'snot a financial consultant) he told me that his finance guy said anything above what the company matches is a waste as very little above that goes into your 401(k) and goes towards fees and other things that did not make it worth pushing that percent higher. Is this true? Should one take that money and find other avenues to help fund retirement? +Now that I have your attention. Let's talk about what shill posts can look like. + +Friendly reminder of what a shill is: + +>In short: A shill is a person with a clear agenda of promoting something but posts / comments without disclosing so or under the pretense of being a neutral person. +> +>A shill is not necessarily someone employed by a hedge fund, although that's the most common usage on this sub. + +Case study: \[redacted to avoid a witch hunt\] + +Take a look at their recent post: + +https://preview.redd.it/z4rjwl44q7d81.jpg?width=797&format=pjpg&auto=webp&s=4a2e8439d62ac09f9b34a564cd84fb1c9e63dd3c + +Quick rundown on the video: The news station talks about misinformation, such as "co vid va cci nes", and Ken Griffin is specifically mentioned because he has previously talked about needing to combat "va cc ine" misinformation, but also has money in social media sites that the story reports to be spreading misinformation, + +*\*Regardless of opinions on "co vi d and "va cc ines", that's what the news story is about, I just had to give some context. The topic here is specifically what this user is posting,\** + +The language used in the post here is like a textbook example of someone trying to get your attention. Dramatization (OMG), emojis (🤡) and a vague description that could mean anything, along with a statement that sounds like something middle school child would say to sound cool without a shred of evidence. 5K upvotes, platinum award, gold awards. + +Their post history is a fucking shitshow of this kind of bullshit. + +https://preview.redd.it/mnijnv65q7d81.jpg?width=1242&format=pjpg&auto=webp&s=ebdd4eaa82f51635eaa60beaf5740cbacfcda39a + +https://preview.redd.it/q37jbdo5q7d81.jpg?width=1251&format=pjpg&auto=webp&s=fc4a7cf17fb56fd202353d7c80878a660cba055f + +https://preview.redd.it/n32drpc6q7d81.jpg?width=1263&format=pjpg&auto=webp&s=cc36e875fd8712b3d11866222519e99eddc9aea1 + +https://preview.redd.it/x92m3au6q7d81.jpg?width=1263&format=pjpg&auto=webp&s=dd4d6f2ca1f1786c599b48dc7a254491ae5bf8ed + +Notice a trend? + +* CAPITAL LETTERS +* 🤡🤡🛑🛑🔥🔥🔥 +* SEC JUST DID WHAT TO POPCORN STOCK!?!??!?!?!? + * **EDIT: As this post is getting attention, I want to drive this point all the way home: Vague sentences are chosen because they psychologically stimulate your emotions (excitement, fear, surprise, curiosity, confusion) without actually saying anything. The difficult thing about them is that they are usually true in a sense, but in a very dishonest way. An example of vague sentence is the WeBull CEO's comment on GameStop apes being all talk, he says:** **"we're seeing our investors take money off the table in Gamestop"** **which is probably true, but is true if there is 1 seller and 1000000 buyers. It means nothing but sounds like it does, and that's why he says it. That's categorically negative towards GME, but in the case of the person I talk about here, saying "Ken Griffin EXPOSED on local news" means absolutely nothing either. Exposed how? That he was planning a surprise party for his son or that shorts didn't cover? They don't specify because that's what they want you to find out by heading to their YouTube channel.** +* Links to paywall articles +* Links to youtube channels + +If you go back more than 5 days, any video post I click on is removed, and all that aren't (mostly newer ones) are from YouTube channels with 10k - 60k subscribers, with the same title as the post. Why would someone just post the same videos from YouTube channels that say the same basic shit **"WHAT'S UP YouTube today popcorn stock went up and then down and then sideways and then some more down smash that like button, here's some posts from superstonk and my inane commentary, subscribe and bell check description and merch pls see you next time ape gang"**. Just watch one or two of them to see what I mean. Why would someone post these videos multiple times a day on different subreddits, every single day? It's ALMOST like this person has an incentive to do so. + +There are people out there looking to make money on your attention and clicks. They will not bring anything of value to the table, they won't research, they won't inform you. They will seek people that are looking for nothing but confirmation bias, with little to no knowledge of stocks or finance in general, so they can yap on for 10 - 15 minutes per video to optimize ad revenue. These people will try and get your attention by drama, using vague or exaggerated language in titles. Just check out the language used in the pictures above. + +**WORST OF ALL:** These people, and those that upvote the shill posts by extension because they probably don't stop and think for a second about what they are upvoting, are not doing this community any favor (sorry to those well meaning apes here that I target with that, this just needs to be said). + +Now I don't know how many of the upvotes on the post I introduced this one with are legitimate, but still, I implore this community to PLEASE take a few seconds to think critically about the content you engage with. Don't just blindly upvote. + +I'd hate for this sub to become a victim of these "friendly predators" that just play into what YOU want to hear, so that they can get ad revenue and subscribers. + +Edit: Like clockwork. I must have struck a nerve with someone. :) + +https://preview.redd.it/5l5oe8vlr7d81.png?width=1082&format=png&auto=webp&s=c9355610228961439eb1ecf4be06e25f79315a28 + +Edit 2: Some people are talking about what can be done from the Mod team's side of thing, in regards to this. I want to give my 2 cents on that: + +* The Mod can just try their best. That's it. + +There really are limits to what tools like Satori can do. The best defense against shills / people with hidden agendas lies within all of us, as Moderator Half\_Dane points out and get downvoted for. To take everything with a grain of salt and pay attention to the language being used. I'm sure the mod team are removing shills and other people coming here in bad faith, and we don't see those because they are, well, gone. + +This is not me protecting the mod team from criticism. Criticize away if you must. I just want to make the case that educated and informed people are strong people, and strong people can help identify potential shills, report them, and help teach others how to do the same. + +I do not believe the solution is to ban all caps titles or emojis in titles. To me, personally, that seems a bit of an overreach, when there, IMO, is room for good usage of emojis in titles and so forth. +I have a background in construction and have been looking at building new SFH and plex type units where I live rather than buying what is available. The per square foot cost will be a little higher but the expenses will be significantly lower than the 50 - 60 year old units that I am finding currently and I believe I can rent them for slightly more money than the older units. Does anyone have experience with this? I'm currently in Fort Worth TX and am looking at building 1,200 SF houses in C to B class neighborhoods for long term holding. +Hey, + +I’ve been researching companies for good while now and did have some success with few equities. However, many companies, which seem to have incredible business model, solid management and durable competitive advantage are being traded in highly premium levels relatively to their cash flow. + +How do you deal with that? +...and it was Apple. I d like an advice. I have a small salary and live in a rented flat. +Whats better strategy? To buy a stock every month or simply dca in an ETF (S&P 500, for example)? +TL;DR - It looks like technical analysis doesn’t stand up to scientific scrutiny in any study I could find which took steps to filter out the effects of self fulfilling prophecy. I, personally, am choosing not to engage in it any further. + +I was starting to learn technical analysis. However, I wasn’t getting any good results when backtesting (after I caught myself and took steps to stop myself from exerting my own confirmation bias on my tests). So I decided to try to dig into the science behind it to see if spending any further time studying it would be worth it. + +I’m being careful here not to cherry pick data. The reason I’m focusing on the articles I’ve linked is because they are the ones that bothered to take into account and take steps to eliminate results skewed by self fulfilling prophecies and confirmation bias. Aside from the last one which I included because it was the most comprehensive one I could find. + +I wanted to know if technical analysis actually works. I didn’t want anecdotal evidence. I wanted scientific evidence. + +This is what I found. + +This first bit of research is by far the easiest to understand as it isn’t written in scientific jargon. It’s not quite as scientific as the others and was done by one person who had the same questions I did. + +https://towardsdatascience.com/does-technical-analysis-work-heres-proof-a2b626a3fbe9 + +They tested MACD, RSI, Bollinger Bands and Stochastic Oscillator. + +They found that for all asset classes, with the exception of one, technical analysis had zero alpha. (No gains) + +They were tested standalone and in combination with other indicators. + +The only exception they found was Bitcoin, but they also threw in the side note that Bitcoin is primarily a retail driven asset and as retail investors believe in technical analysis it’s more likely that the combined buys and sells due to the belief in the indicators were causing the indicators to work and not the other way around. + +However they did point out that, seemingly ironically, reversing filtered indicators had some slight positive alpha for non Bitcoin asset types. + +They did mention they would have to test a much larger sample set to see if the Bitcoin alpha or the indicator reversal alpha with other asset classes would hold up. + +But the correlation for other asset classes was so slight they acknowledged it wouldn’t be profitable. + +Let’s look at another study. Now we’re getting really scientific and busting out mathematical equations with symbols that most of us can’t even read. + +https://journals.sagepub.com/doi/full/10.1177/2158244017736799 + +They tested out some popular candlestick patterns on a market in Thailand over a 100 year period (they picked Thailand emerging markets to avoid the issue of data snooping). They tested the candlesticks along with Stochastics, RSI and MFI. They tested a number of different holding periods as well. + +They found that the candlestick patterns were not statistically significant and would not result in positive returns even when combined with other indicators. + +Let’s look at yet another study. This one contains a bit of a case study but they do their own work to draw their own conclusions. + +https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3967202/ + +This one is the only one that focused at all on resistance. They basically determine that the probability of bouncing correlates with the growth of the investors trust on following bounces. Essentially, it is a self fulfilling prophecy and the resistance lines only form because of the investors growing trust in the probability of a bounce. + +The following is this real gem here. + +https://www.researchgate.net/profile/Luis-Macedo-8/publication/349608864_An_Inquiry_into_the_Validity_of_Technical_Analysis_in_Financial_Markets_With_the_Use_of_Evolutionary_Techniques/links/60382c624585158939cdaeec/An-Inquiry-into-the-Validity-of-Technical-Analysis-in-Financial-Markets-With-the-Use-of-Evolutionary-Techniques.pdf + +It’s really long. It’s really comprehensive. Though the authors do note their own results are inconclusive and this is more of a discussion starter. They did find a few actual positive correlations between certain samples, however they also did note that they were only reproducible during certain time spans. + +I will wager my own best guess that the historical time spans where they did work were most likely the time spans where those methods were most frequently being used in those markets and could potentially be explained away as self fulfilling prophecies since as far as I could tell this is the one study I listed where they didn’t necessarily use criteria that would exclude that bias from the results. + +What will I gain from the hours of reading I just did on these topics? I will conclude that technical analysis is not something which I will personally put any more time into learning. I think any of the proven correlations which I could find were not significant enough to result in gains, especially after taking slippage and brokerage fees into account. Furthermore, the methods which did have a positive correlation only seemed to be effective during certain historical times or in domains ruled by retail traders due to the self fulfilling prophecy. + +In addition, quite a bit of information in some of these studies showed that all of those indicators were outperformed by simple buy and hold strategies. + +I’m sure that more than a few people will disagree with me here. But these are my own conclusions. Take from it what you will. +I don’t mean to be a negative Nancy here but I’m frightened about the long term stability of the structures that have been in place for the past century. Twice in the past century we’ve had prolonged periods of economic stagnation lasting over a decade, and it so it seems prudent to anticipate a major stock market crash and Great Depression for those of us looking to retire based on currently inflated stock market and real estate net worth valuations. + +A simple solution would be in investing in “hard” assets like gold (and possibly bitcoin if you’re into that), but these don’t come with the same stable returns that would be the basis of a 4% rule target NW calculation, so would not work well for the FIRE calculations. + +I’m just curious if others here echo this concern, and how many of you have adjusted your target NW calculations in anticipation of some kind of drastic market correction. +Market Watch just named Naples #1, Venice-Sarasota-North Port #2 https://www.marketwatch.com/story/the-no-1-emerging-real-estate-market-in-america-also-has-some-of-the-nations-best-beaches-11643296664 +So I've been watching a very interesting mining company for a while now. It is down 90% since it's all time high which was basically brought on with pure hype but then squandered due to absolute mismanagement. Since - the whole management has basically been replaced and since that happened the stock is up about 130%. [See](https://www2.asx.com.au/markets/company/IBG) + +#What is IronBark Zinc? +From their website: Ironbark Zinc Limited is a leading ASX listed resources company focused on delivering shareholder value through the development of its major base metal Citronen mining operation in Greenland. The Company’s focus on the Citronen Project sees it very well placed to benefit from the forecast strengthening of the Zinc market. https://ironbark.gl/ + +Basically here's the long version short. This company has a market cap of like 20 million. However, their research has stated that if they were to get enough funding to start mining for Zinc in this massive mine THEY own, that the revenue of that alone will be 6.4 BILLION dollars. + +Now for YEARS this stock has been doing poorly because management kept saying 'we'll totally get funding you guys' and nothing happened. However, a short time ago they got a Letter of Interest from the U.S. Import Export Bank: + +>Key Commercial Terms + +>* EXIM is able to consider financing up to USD 216,125,000 of the US content for the Project +>* The LOI contemplates that a maximum loan term of 8.5 years will be made available to Ironbark +Ironbark can select either a Guaranteed or Direct Loan. The interest rate for the Direct Loan option is setat the Commercial Interest Reference Rate (“CIRR”). The CIRR is the official lending rates of export credit agencies (“ECAs”). For USD loans, it is calculated monthly, and is based on the U.S. Treasury Rate. The current CIRR for transactions with a repayment period of 8.5 years is 1.46%. +>* An initial expiry date of 6 months from signing of the LOI has been agreed. This can be renewed at Ironbark’s request at six-month intervals, for a maximum of two years + +https://rasmussen.is/2020/11/03/ironbark-receives-letter-of-interest-from-export-import-bank-of-the-united-states/ + +Now this is pretty HUGE news because in following announcements IBG have made it clear that **the US Letter of Interest has attracted many other financiers and they are in talks with all of them**. + +**Translation: the reason this company was literally over 10x worth more was based on something that hadn't happened yet. Now - it is finally happening. EXCEPT that NOW this company has a MC of not even 20mln USD. Upside is truly massive.🚀🚀** + +The most recent Price Target IBG got was literally 4x its current share price: 🚀🚀https://www.proactiveinvestors.com.au/companies/news/934243/ironbark-zinc-gets-speculative-buy-rating-from-morgans-934243.html + +All in all - I am very excited about this penny stock and if they even move closer to actually exploiting the mine they have rights to....well I see this thing exploding upwards. Do your DD! + +Further reading: https://www.proactiveinvestors.com.au/companies/news/935188/ironbark-zinc-progresses-citronen-bankable-feasibility-study-for-completion-in-2021-935188.html + +My position: 500k shares @ AUD 0,012. + +TL;DR 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +· Introduction: In [my previous DD](https://www.reddit.com/r/Superstonk/comments/szo47s/the_final_date_tuesday_morning_march_1rd_is/), I outlined the history and motivations of Team Shit Face. This DD serves to highlight exactly how they use options to roll their naked short. It provides an outlook for the future and explains the only dates you’ll ever need. + +· Do you remember XRT becoming a threshold security in January and December? That was by design as a last-ditch effort to crash the price and roll as much liability forward as possible. The option technique is called reverse conversion. It’s a rare options strategy that is only profitable when Put/Call parity equation is out of balance. I will explain how this strategy is a way to create a synthetic long while exercising a short, tricking the CNS system into thinking it’s a neutral position. + +**· PART I. Failures to Deliver Drive Price Movement** + +**· PART II. Team Shit Face Hides Short Interest through Options (& ETFs + Futures)** + +**· PART III. The Continuous Netting Settlement System & Exemptions** + +**· PART IV. The Case of Gary S. Bell & Where We Go Next** + +\--------------------------------------------------------------------- + +**· PART I. Failures to Deliver Drive Price Movement** + +· There are many factors that play a role in the manipulation of price action but settling a failure to deliver is inevitable. When we hear about options settlement, common sentiment states that contracts need to be settled in T+2. However, Market Makers get around this by loopholes in the Continuous Net Settlement (CNS) system. [Market Makers have 35 calendar days](https://www.sec.gov/investor/pubs/regsho.htm) from the FTD to locate the shares and settle. They do not deliberately choose to wait until last minute to roll the FTD forward, but they largely don’t have a choice because they have been continuously rolling forward a sea of FTD’s for years. + +>· Rule 204 provides an extended period of time to close out certain failures to deliver. Specifically, if a failure to deliver position results from the sale of a security that a person is deemed to own and that such person intends to deliver as soon as all restrictions on delivery have been removed, the firm has up to 35 calendar days following the trade date to close out the failure to deliver position by purchasing securities of like kind and quantity. + +· This is crucial in understanding the last few runs. If you look at the [Wayback Machine](https://web.archive.org/web/20200304172226/https:/www.marketbeat.com/stocks/NYSE/GME/options/) I highlighted in my last DD, you can see a few dates listed that Team Shit Face likely used to manipulate the stock. All these options would typically settle on the next Tuesday, (January is an anomaly because the Monday was closed for MLK Jr. Day). These options failed to deliver on the following Tuesday, so the MM FTD gets kicked down the road 35 Calendar days. *Notice anything interesting about the highlighted dates?* + +· 01/15/2021 - Options settle the following Wednesday. MM FTD + C35 -> **Feb 24st.** + +· 04/15/2021 - Options settle the following Tuesday. MM FTD + C35 -> **May 24rd.** + +· 07/16/2021 - Options settle the following Tuesday. MM FTD + C35 -> **August 23st.** + +· 01/21/2022 - Options settle the following Tuesday. MM FTD + C35 -> **March 1nd.** + +· These fails from options settlement finally get netted 35 days later. I’ll explain in Part II how these positions are exercised, then converted into synthetic longs and realized shorts. At each expiration for their position, they need to locate at t+2+35 then roll their dog shit position. + +· In theory, we should be able to look at previous FTD data to decide when to trade. Finra released garbage FTD data for the second half of January that even used wrong dates. Also, a lot of these fails are spread across ETFs with different stock weighting, so they can hide their rolling strategy. + +· The sneeze in January was caused by Ryan Cohen purchasing 20% of the free float in December which made shares very hard to find. These FTD’s didn’t come due until late January, and the added buy pressure from retail began GameStop’s launch. **The way back machine dates are runs caused by Team Shit Face sham-closing their positions and rolling it to higher strikes.** + +· GameStop had reported 140%-240% short interest. SEC report said that price movement was not due to short covering or gamma squeeze. After buy button was removed, some sketchy option play happened, and then short interest was magically gone. **It has been evident from the start that options have been used to hide short interest and roll forward their naked short positions.** ***How does it work?*** + +\--------------------------------------------------------------------- + +· **PART II. Team Shit Face Hides Short Interest through Options (& ETFs + Futures)** + +· *WARNING:* I am going to be talking about technical terms such as a “buy-write”, “married put”, “FLEX option”, and “Put/Call parity”. Smooth brains, I know you won’t read it so… **TA;DR: MM + Hedgie both on Team Shit Face. They sell options to each other that they know will fail to deliver. Called “sham close-out”, which is a violation of Rule 204(f). They use a tactic called reverse conversion, which is a synthetic long position equal to 100 shares. This position is rare because it is only profitable when securities are hard to borrow and puts are overpriced, it also expires and must be rolled forward at a higher price.** + +· *I will be referencing a lot of information outlined by* [*this SEC risk alert*](https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf) *by* *the Office of Compliance Inspections and Examinations. Go read it.* + +· *Key Trading Terms and Concepts:* + +· A “buy-write” trade is a simultaneous sale of calls and purchase of the equivalent amount of shares in the underlying stock. Buy-writes associated with the activity at issue typically employ deep in-the-money calls. + +· A “married put” is the simultaneous purchase of a put and a purchase of the equivalent number of shares in the underlying stock. When associated with the activity at issue, the married puts typically employ deep in-the-money puts. It is theorized that they tie these together on their books then sell shares, making them divorced puts that they still count as shares. + +· “FLEX” options are exchange-traded options that have non-standard, customizable contract terms. The main features of FLEX options compared to standard traded options are the abilities to specify the strike price and the expiration date. + +· Options are priced in the marketplace so that the price of the underlying security is the same as the “synthetic” price of its options. This relationship between the price of a security and its options is known as “Put/Call Parity.” For example, a “synthetic” long position, which consists of a long call and short put of the same strike and expiration date (also known as a “long combination” position), is typically the equivalent of a 100 share long position in an equity security. When the “synthetic” position is priced correctly with respect to the actual shares, no potential profit opportunities exist in the market. In other words, being long the “synthetic” position (e.g., the long combination) and being short the actual shares normally results in a riskless, fully hedged, and profitless position. This position is commonly known in the industry as a “Reversal.” + +· Deep in-the-money calls are options with a strike price well below the underlying stock price. For an equity option with the standard delivery terms, a synthetic long position of 100 shares of the underlying. If the clearing firm or broker-dealer that was allocated the fail to deliver position enters into an arrangement with another person to purchase securities as required by Rule 204, and the clearing firm, or broker-dealer that was allocated a fail to deliver position, knows or has reason to know that the other person will not deliver securities in settlement of the purchase, then the transaction is a sham close-out, in violation of Rule 204(f). + +* **· The Initial Transaction Example:** + +>• Stock XYZ trading $51.00 +• May 50 Puts on XYZ trading $3.00 +• May 50 Calls on XYZ trading $3.00 +· Trader A: Sells 10,000 shares XYZ @ $51.00 Buys 100 May 50 Calls @ $3.00 +· Sells 100 May 50 Puts @ $3.00 +· In this example, the “synthetic” position is trading for $50, which is simply Call Price - Put Price + Strike Price. The actual shares are trading for $51, so that Trader A has effectively sold shares for $1 more than it paid for them, in a simultaneous transaction. Each time the trade is made, Trader A is earning a $100 profit, assuming that (a) Trader A is not being charged a fee to borrow shares to deliver on the short sale and (b) the clearing firm does not affect a buy-in against the trader to close-out a fail to deliver position. In this case, the trade was made 100 times, so that the profit would be $10,000. The sole reason for the disparity between the actual shares and the “synthetic” position is the fact that the shares of XYZ are hard to borrow. + +* **· The Second Transaction to “Reset the Clock”** + +>· Assuming that XYZ is a hard to borrow security, and that Trader A, or its broker-dealer, is unable (or unwilling) to borrow shares to make delivery on the short sale of actual shares, the short sale may result in a fail to deliver position at Trader A’s clearing firm. Rather than paying the borrowing fee on the shares to make delivery, or unwinding the position by purchasing the shares in the market, Trader A might next enter into a trade that gives the appearance of satisfying the broker-dealer’s close-out requirement, **but in reality allows Trader A to maintain its short position without ever delivering on the short sale.** Most often, this is done through the use of a buy-write trade, but may also be done as a married put and may incorporate the use of short term FLEX options. These trades are commonly referred to as “reset transactions,” in that they have the effect of resetting the time that the broker-dealer must purchase or borrow the stock to close-out a fail. The transactions could be designed solely to give the appearance of delivering the shares, when in reality the trader has no intention of meeting his delivery obligations. The buy-writes may be (but are not always) prearranged trades between market- makers or parties claiming to be market makers. The price in these transactions is determined so that the short seller pays a small price to the other market-maker for the trade, resulting in no economic benefit to the short seller for the reset transaction other than to give the appearance of meeting his delivery obligations. Such transactions were alleged by the Commission to be sham transactions in recent enforcement cases. Such transactions between traders or any market participants have also been found to constitute a violation of a clearing firm’s responsibility to close out a failure to deliver. +· Trader A may enter a buy-write transaction, consisting of selling deep-in-the-money calls and buying shares of stock against the call sale. By doing so, Trader A appears to have purchased shares to meet the broker-dealer’s close-out obligation for the fail to deliver that resulted from the reverse conversion. In practice, however, the circumstances suggest that Trader A has no intention of delivering shares, and is instead re-establishing or extending a fail position. +· To the broker-dealer or clearing firm, it may appear that Trader A’s purchase, in the buy-write, has allowed the broker-dealer to satisfy its close-out requirement. Trader A continues to execute a buy-write reset transaction whenever necessary, and by the time of expiration of its original Reversal, it may have given up some of the profits in the form of premiums paid for the buy- writes, but it has maintained its short position without paying the higher cost to borrow or purchase shares to make delivery on the short sale. In each buy-write transaction, Trader A is aware that the deep in-the-money options are almost certain to be exercised (barring a sudden huge price drop), and it fully expects to be assigned on its short options, thus eliminating its long shares. + +***· These options strategies serve to hide naked short positions by rolling their FTDs forward at options settlement periods. It doesn’t have massive impact on options chains because they deal in very low Open Interest options and use custom terms to trade amongst each other “FLEX Options”. Manipulating their books this way allows them to not close their short position and take advantage of loopholes in the netting system.*** + +\--------------------------------------------------------------------- + +· **PART III. The Continuous Netting Settlement System & Exemptions** + +· The Continuous Netting Settlement System is a way that Team Shit Face manages their risk and helps to avoid circuit breaking buy pressure. In order to settle options, they cancel out buys and sells. If the options chain is very skewed, then they need to post much more SLD and it increases volatility. **This is why Team Shit Face uses these options to create synthetic longs and artificially balance their position. They come to a pain point when they need to exercise and roll their synthetic long.** + +· Think back to the way back machine in Part I. Consider that every single long option purchased for January 2022 was ITM. Every single put was OTM. Remember that Team Shit Face used options to hide naked shorts (and even hedge variance swaps) and all those longs will be exercised at expiration. + +· Over the past year new options were written to balance the order book in order to help netting process, but the calls will be skewed heavily regardless due to long term investment. You can look at the steep and deliberate drop for the 2 months leading up to January’s expiration. They were obviously desperate and exercised as many puts as possible to drop the price for Jan’s LEAPs expiration. Nevertheless, there will be a tidal wave of FTDs that will come due C+35. + +· [Here is the link to the NSCC Rulebook](https://www.dtcc.com/~/media/Files/Downloads/legal/rules/nscc_rules.pdf). I highlighted 3 subsections to Procedure VI & VII. + +>· Stock Record Update- Each day, Settling Trades shown on the Consolidated Trade Summary are netted with the Closing Positions which have been carried forward from the previous day. The resulting net positions represent the quantity of each security due for settlement by the Member on Settlement Date. A long position represents the quantity owed to the Member by the Corporation (the Member’s fail-to-receive). A short position represents the quantity owed to the Corporation by the Member (the Member’s fail-to-deliver). The Corporation is the contra side to all long and short positions. +· Exemptions- Except as described below, each Member has the ability to elect to deliver all or part of any short position. It controls this process by Exemptions. By indicating a particular quantity as an Exemption, the Member directs the Corporation not to settle certain short positions or portions thereof. Exemptions govern short positions in the CNS Stock Record and not Designated Depository positions. All short positions or positions thereof for which no Exemption is indicated are settled automatically to the extent that the Member has made such securities available in the Member’s Designated Depository account or they become available in its Designated Depository account through other depository activity. Notwithstanding the above, a Member may not exempt delivery of any securities available in an agency account established at a Qualified Securities Depository for the processing of transactions through the ID Net Service. (a) Types of Exemption- The CNS system provides for two levels of Exemption. By proper use of the Projection Report and Exemptions, Members can utilize current inventory as well as securities received from other sources on settlement day in order to satisfy delivery requirements. + +\--------------------------------------------------------------------- + +**· PART IV. The Case of Gary S. Bell & Where We Go Next** + +**·** I encourage you to read [the case against Gary S. Bell](https://www.sec.gov/litigation/admin/2011/34-65941.pdf), as it will provide insight as to how Market Makers rely on exemption to violate locate and close out requirements. Bell was charged with many violations of regulatory requirements, and he was charged ~~with life in prison and a~~ fine of 4 scooby snacks. + +>**·** The second type of transaction, referred to herein as a “reset,” is a transaction in which a market participant who has a “fail-to-deliver” position in a threshold security buys shares of that security while simultaneously selling short-term, deep in-the-money4 call options to, or buying short-term, deep in-the-money put options from, the counterparty to the share purchase. The purchase of shares creates the illusion that the market participant has satisfied the close out obligation of Reg. SHO. However, the shares that are apparently purchased in the reset transactions are never actually delivered to the purchaser because on the day after executing the reset, the option is either exercised (if a call) or assigned (if a put), transferring the shares back to the party that apparently sold them the previous day. This paired transaction allows the market participant with the fail-to-deliver position to effectively borrow the stock for a day, in order to appear to have satisfied the close out requirement of Rule 203(b)(3). +**·** By avoiding the cost of borrowing shares and engaging in this reverse conversion and reset transactions, Bell and GAS were able to earn profits while subject to minimal risk. Because Bell and GAS improperly failed to borrow or arrange to borrow securities to make delivery when delivery was due, the short sales were “naked” short sales. that violated Reg. SHO. +**·** By entering into these reset transactions, Bell and GAS created the false impression that they had satisfied their Reg. SHO close out obligation. Bell and GAS, however, knew that the following day, or shortly thereafter, Bell or GAS would exercise the right to sell the stock back to its counterparty. (In the case of a call option, the option would expire in-the-money, causing the market maker that had purchased that call option to assign an exercise notice to Bell or GAS for Bell or GAS to sell the stock). + +**·** In my last DD, I highlight how Susquehanna just filed for 3,000,000+ shares after the LEAPs expiration. They are on Team Shit Face, so they are obviously engaging in these slimy tactics in order to roll forward a dog shit position. You can use [this link](http://www.sec.gov/complaint/info_tipscomplaint.shtml) to file complaints with the SEC and mention that they are using sham-close outs to improperly deliver their shares. + +\--------------------------------------------------------------------- + +**· The Uno Reverse Card- Buy and Hold.** + +**· CONCLUSION:** Look at next year’s options chain. For January 2023, there are 30,000,000+ shares accounted for in puts well below today’s price. Now look at 2024 puts. Notice that the cheapest strike is $10, which is 20x higher than last year’s. There is currently a low Open Interest for 2024, but they will probably use the strategies above at the last minute to save as much as they can on time decay. They will continue to roll their synthetic long in order to avoid a forced buy-in from the CNS system, but with each options expiration they will be forced to staircase up to Valhalla. + +**·** ***How do I trade this? I buy and then I hold.*** DRS then go outside and enjoy nature. Embrace the zen, there’s no reason to look for hype dates because we already won. Drink water, I'll see you in Valhalla. + +\--------------------------------------------------------------------- + +**· TL;DR: Team Shit Face shorted millions of stock that didn’t exist. They got caught with their dick in the cookie jar and their only option was to roll it forward or they’d break the entire system. Their reverse conversion strategy will allow them to keep their naked short position, but the price will inevitably increase with each expiration.** +Hey team! I hit my fatFIRE number a few years ago at 49 through a combination of businesses I own and multifamily real estate (around 250 apartments plus commercial) that I’ve accumulated during my career. + +Thinking that fatFIRE was my goal, I put a management team together that required very little intervention. I was up front about my plans to phase out of work, and we came up with systems where I could check in only minimally for long stretches of time and they would keep my business and real estate portfolio managed and growing without me. + +I did it! Starting this past summer, I took most of the summer off to boat (recently upgraded) and fish and enjoy my (recently acquired) beach house. I did some travel, enjoyed fancy meals with friends and walked on the beach every day. + +However, I never fully checked out. When the fall came around I got back into the swing at work and realize I’m not ready to stop working. I enjoy work and working. I like going into my office and I missed my team. I’ve cancelled my early retirement. + +I don’t need any more money, but love the thrill of doing deals and don’t want to give that up. I’ll prob work less than 5 days a week most of the time, and maybe take half of the time off during the summers, but fatFIRE isn’t for me. I tried it but got bored. Would not recommend. Maybe in another 10 years but maybe never. + +I chased fatFIRE and that was fun. But it didn’t live up to my expectations. Has anyone gone through this process and come to the same conclusion? +I don’t know how I got into this. Never ever saw my self in this position but over time I’ve managed to rack up around 10,000 on credit card debts. The minimum payments can be made till September and after that point I’ll have a budget of low 1000s for the whole of next year at university if i only make minimum payments. This is simply not sustainable for my degree. I’ve failed my exams this summer and I’m retaking them in a month. I can pass but the anxiety and depression is killing me. I CANNOT function at all. My day consists of me crying and the constant feeling of anxiety throughout my mind and body. I went to A&amp;E because I really thought of doing it. I simply can’t see a way out of this other than suicide. I won’t be able to work 20-30 hour weeks during uni to pay my debt. I’ve been crying for days on end now by myself in my room away from my family and friends. I literally dream of killing my self but after getting some help for drug addiction I actually feel a bit more hopeful for the future but this financial situation as far as I can tell is going to be the end of me. I would really like some advice please. I’ve learnt all my lessons and want to start a new life rather than ending it. I’m so sorry for my stupidity I’m just looking for some help. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +> "So it sounds like you're still sticking with Tesla" - Host + +> "Without a doubt... We've increased our estimate, in the next 10 years we think the autonomous taxi network is a 11 to 12 trillion global opportunity. From nothing today, just to give you a sense of the size of that opportunity the US economy is 21 trillion dollars." - Cathie + +Hear for yourself: https://youtu.be/JUk2PE02cl8 + +From a quick Google, ride sharing and taxis currently are a $258b industry. The entire automotive industry is $3.5t. So not only will everyone switch to self driving taxis, but they'll spend many multiples more then what is spent on all cars. + +Maybe Cathie is just fully onboard the Michael Burry "there's going to be hyper inflation" train who knows /s. + +https://www.statista.com/outlook/mmo/mobility-services/ride-hailing-taxi/worldwide +https://www.ibisworld.com/global/market-size/global-car-automobile-sales/ +I(27) have health insurance cover from my employer but planing on taking my own one. Have shortlisted it to HDFC ERGO Optima Restore. Needed some suggestions regarding the following: + +1. What is an ideal base cover amount to be taken considering future inflation factors? Was thinking 15L/20L since their Super top up has a 20L limit. Also any idea about the current premium rates for this range? + +2. Should Super top-up be taken along with base itself? Is there any downside to taking it later on? If it's later, then when possibly is a good time to consider it? + +3. Since HDFC super top-up is a low amount, is also considering taking it from another company. Any downside other than it being a later reimbursement/extra steps to be done? +I am a MF/Index investor but have been looking at individual stock for a few days. ITC is the one that catches my attention the most and it is really a very interesting stock as many of you might agree. Everything good on paper but sin stock + market is not responding to it well. I was thinking of putting some of it in my portfolio as a value stock. + +I am an investor in PPFAS LT and noticed right now that they have a huge 7.99% part of portfolio in ITC only behind Amazon (8.5%). This is from 0% last year. It looks like Thakkar and co. is taking a bet on this high potential but low performer stock which is very interesting. Are they playing with fire? What are your thoughts? +I’ll start out by saying that I am a profitable Day Trader. I aim to increase my account value by at least 1% each day - a target I hit around 80% of the time. I’m starting out with this because you shouldn’t take advice from someone who can’t manage to make a consistent profit. + +However, I’ve learned some basic lessons that might help some of you, in no particular order: + +1) Do not trade SPY futures (/ES) after-hours. There is no advantage to it, and more often than not you will lose money. + +2) Do not hold a position, either in stock or options, through earnings. The result is too unpredictable with the stock, and the options will lose tremendous value through IV reduction. + +3) Stop chasing losses and/or prematurely taking profits. Traders tend to stay in losing trades longer than they should, and exit profitable ones too early to lock in their gain out of fear. This also goes for averaging down - don’t do it. Averaging up works a lot better, but it’s harder to do psychologically. + +4) Understand your trade before you enter it. If you buy a Stock at $50, do you know what your stop will be? Do you have the right entry? And with options, what is your exit strategy if it goes against you? Know what percent of your account you are willing to take as a maximum loss (1-2%), where is support/resistance, VWAP, etc. And most important - what is the market doing? + +5) Learn and understand the various options strategies and when you should use them. Some stocks have incredibly strong support - Great! Use an OTM Bullish Put Spread below support, and make sure you get 25% ROI ($5 spread between strikes = $1 credit for example). Other stocks have very little movement? Consider a Butterfly. Choose the right strategy for the situation. + +6) Very Important - when day trading you want to be going long on stocks that have Relative Strength against SPY and short on those that have Relative Weakness. When SPY drops during the day, notice which stocks held up. Those are the ones you want to buy when SPY rebounds. I can not stress enough how important and central this is to your success. + +7) Don’t chase someone else’s day trade unless you analyzed it yourself. You may miss some opportunities doing this, but you’ll also prevent yourself from being trapped in a trade you didn’t understand. + +8) The idea you “missed the big move” has no basis in reality. ZM is up $20 so you figure you already missed the action and move on, this is a mistake. Look at the technicals. Chances are this is still a good opportunity, especially if there is relative strength against SPY. + +9) You’re not smarter than the market. You haven’t thought of something that others haven’t already considered. This type of thinking leads you to make decisions before you have technical confirmation that you’re correct. + +10) Day Traders trade what is in front of them - price action, technicals on the D1 and M5 (mainly), market conditions of that day, volume, etc. A great trade at 10am could be a terrible idea an hour later. You need to be nimble, to move quickly and to trade what you see at that moment. + +Good luck! +I just sold my camper trailer for $26000 the guy put a deposit on it and came to pick it up yesterday (Friday) and paid via his combank app using osko. I thought being osko it would be instant but he showed me the message that It can sometimes take up to 24 hours to process because he has not transferred to me before. I let him take the camper, he appeared trust worthy and showed me that it was transferred. It is now the next day and still not in my account. Is it likely to come in over the weekend or early next week? + +Never had this issue before with other osko banks so am stressing at this point. +**Edit:** I did not expect this much feedback! Thank you so much to everyone for the incredible ideas, information, and resources. There are quite a few jobs mentioned here I think my dad would enjoy! + +I had to remove some details & information since this post got way more popular than expected. In the off chance one of his coworkers/boss uses Reddit I wouldn't want them to see this. + +**Experience:** + +* He's worked at the same place for 25 years. It's a small construction company (2-3 employees). Since the company is so small my dad's a jack of all trades. He does general labour, operates heavy machinery, plumbing, electrical. Overall he's well versed in labour trades and construction. +* Before that he worked as an electrician. This was in the 90s and for another small company. He didn't have official certification but worked as an apprentice. This would have been his real job. +* He has a high school education. No post-secondary or other certification. +* No experience with computers. He's never owned a computer before. He has little experience with technology overall (i.e. he knows how to use his iPhone, Facebook, Netflix, connect to Chromecast) but that's about it. No technical experience. + +**Traits & Ideals:** + +* He's a great person, but not a people person. He's your stereotypical construction guy. Rough around the edges. I couldn't picture him working in customer service. +* He has an strong work ethic. In-fact, I feel like that's why he has so many medical issues now. He would rather crawl to work than take a day off. +* He does not want to (nor can he) continue working manual labour jobs. +* He's happy to take a pay cut if it means a better job. I think he could live off $20/hr. +* He mentioned he wants an office job (or at least a job where he isn't on his feet all day). I'm not sure how practical office jobs are since he has no experience with computers. +* He has a soft spot for seniors & care-taking, for years he's mentioned how he would like to work in that field. This has always surprised me since he's generally not a people person. But he's also very squeamish with bodily functions and has joked about how he wouldn't be able to change their diapers. So that might be out of the question. + +**Job Ideas:** + +First & foremost, I think my dad should take some time off and go on medical or EI. He's a little stubborn about that though and wants to keep working. Here are some job ideas I've come up with: + +* Security guard. Most of the time spent would be at a desk looking at monitors. +* Bank teller/accountant. I have an aunt who was a stay at home mom for 20+ years, and was able to become an accountant/teller after a short course. This would be similar to an office job. +* UPS or other delivery service. I know they're still on their feet quite a bit and do a lot of lifting, but compared to my dad's current job it's a big improvement. I feel like it might be hard to land one of these jobs though. +Background: I've been with my current employer for almost 4 years. I was hired as a service techinician (servicing/installing bank equipment - locks, safes, pneumatic tube systems, burg/fire alarms, cctv, etc) and was promoted to Service Manager Jan 1 2018. + +I'm the third person to take (and now lose) this job since I've worked there - It's a small company of 6 employees, and the boss is a hothead and very hard to please. I knew this going in, but I figured for the money it was worth an attempt. + +I was making $19/hr hourly working full time before, changed to $50k/yr salary once I took the manager job. + +Today, I had a pretty bullshit "6 month review" - He sat me down and basically said, "I don't think this is working, so I'm making you a tech again, I'll pay you $20/hr. Take the rest of today and tomorrow off, come Wednesday we'll get you rolling in the field again." He has his reasons, and I don't disagree that there were challenges in working together - but nothing was ever documented on paper, I would just have to sit through angry outbursts once in a while every time he didn't like the way I did something. Most critically, I just took a $9000 dollar pay cut - having just purchased a car, and this puts a huge crunch on my finances. I'm going to spend some time today redoing my budget, and I already don't like how it's going to turn out. + +Here are my thoughts. If I stay here, that management experience withers away, and loses effectiveness on my resume the longer I continue as a technician. + +Going back to work there is going to be awkward. That much I can manage, but I see it causing some interpersonal drama now that I'm back working alongside 4 techs I was previously in charge of. + +Lastly, would this qualify as constructive dismissal? I understand that my job duties are changing as well as my pay - but this is an 18% pay cut that was decided unilaterally. Would I be better served declining it and accepting dismissal, trying to survive off of unemployment while searching for something in the vain of what I was previously doing? + +This is the first time something like this has happened to me, and while my head is spinning a little, I feel like I can make the best of the situation somehow - just need a little guidance. + +I appreciate in advance any advice you can offer - and if there are any questions you have for me I'm happy to answer them. +🐕‍🦺 Such $SHIBBY, much DAO, very wow! 🐕‍🦺 +We had an amazing launch less than 72 hours ago, with a community growing stronger every day now with over 6000 Telegram members & 11.000 holders. We got listed on Coingecko & and applied Coinmarketcap, and we're rolling out a targeted marketing campaign and a search to #findSHIBBY that will bring next-level exposure to this project from the wider crypto community. + +🔥 6’000 organic telegram members. + +🔥 11.000 token holders + +🔥 Awesome community in TG + voice chat open 24/7! + +🔥 $1M to 19M market cap in under 24 hours! Now on a Dip, APE in NOW + +❗️ and the project is not even a 3 days old - this is just the beginning of exponential growth. + +➡️ What has been done right now: + +▪️ We enrolled paid ad campaign on Poocoin + Reddit + Facebook + Instagram + Youtube + Google + 4chan + Coingecko + +▪️7 Youtube Videos commissioned + +▪️Live Radio Shibby lofi 24/7 in live in 2 days + +▪️SHIBBY stickers and GIF's have been comissioned + +▪️Two PR articles have been submitted to PR marketing agencies, with luck we might get into a Newspaper. and if not we'll keep trying + +▪️we have a beautiful SHIBBY-exclusive Inhouse tiktok influencer which we will make grow and spread accross TikTok by directing engagement to her. + +Within the next 1-2 weeks, we'll be looking to onboard prospective recipients of charitable donations to support services for disabled dogs, and will be using our DAO to vote on these issues. We're developing an onboarding process for these recipients as well as the criteria they will need to meet to qualify for consideration on an equal basis with other prospective recipients. The DAO has been tested and is ready to use, and we're really looking forward to start making a difference in the lives of doggos. + +Come help us #findSHIBBY, and be part of our community building this innovative way to fund services for disabled dogs! + +🐾 Website: + +https://shibby.finance/ + +🐾 Telegram: + +https://t.me/shibby_finance + +🐾 Twitter: + +https://twitter.com/Shibby_finance + +🐾 CoinGecko: + +https://www.coingecko.com/en/coins/shibby +🐾 DAO (ready to use): + +https://snapshot.org/#/shibby.eth/ +🐾 Github: + +https://github.com/shibbyfinance + +🐾 Contract: + +https://bscscan.com/address/0xB1035523a844371C2877f8a3b2F2f8d337403b6F + +🐾 Buy on Pancakeswap: + +https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xB1035523a844371C2877f8a3b2F2f8d337403b6F +As of today’s market close, I surpassed 250K net worth. It’s been an arduous journey filled with a lot of suboptimal decisions made along the way but I’m very excited and blessed to have achieved such a pivotal milestone. I believe my story is worthwhile sharing and my ultimate goal behind this write-up is to add to the existing collection of stories shared here that detail how FIRE can be achieved despite one’s background or demographic. + +**Trials and Tribulations** +I grew up in a VHCOL location in a single parent household as my dad died when I was very young. This certainly had an impact on the financial stability of the household. Growing up, my mom leveraged many of the welfare programs such as food stamps and section 8 to help stay afloat. Unfortunately, my mom didn’t finish high school nor go to college. So not only was she a single parent, but a single parent with limited employment prospects and low income potential. All of this, coupled with a lack of financial literacy, resulted in my mom living paycheck-to-paycheck as she struggled to make ends meet. + +**The Inflection Point** +Growing up, my mom was determined that neither me nor my siblings would replicate her path. She is a shining example of a parent who wants the best for their kids and for their kids to live a better life than they did. From young, my mother always emphasized the importance of education and aspiring to greatness. I am eternally thankful to my mom for guiding me through my childhood and keeping me on the right path. My mom never had to beat these concepts into my head nor stay on top of me — I just “got it” very early on. I made good marks throughout primary and secondary school; got into my dream school on a full ride scholarship, where I continued to make good marks, and became the first person in my family to go to — and graduate from — college (a Top 10 Liberal Arts college); and hustled my ass off senior year of college to ensure that I had a full-time job lined up after graduation. + +**The Journey** +Before getting into my career details, I want to first acknowledge the fortune I had of graduating in 2014 — a time where the economy was healthily growing and long removed from the Great Recession and where the job market was bustling. These two factors certainly played a huge role in my ability to secure a job during the spring of senior year of college. I started my career at 22 where I worked at a small analytics firm. I had a quantitative major in college so that aided in me securing an entry level role at this analytics firm (shocking, I know). I had a decent time where I stayed for \~4 years and was promoted several times. After losing interest, I hopped jobs twice more before landing at my current company where I work in a hybrid analytics and consulting role. I truly enjoy my current role much more than any of my previous roles. However, the most jarring lesson in my career movement is how much my compensation has grown with external moves. At the end of my final year at my first company I made \~$96k. At my second employer I made $115k. At my current employer, I’ve made \~$180k so far (annualized) — and I still have one more bonus due before year’s end which will push me to about $190k-$195k total compensation. I would have ***never*** gotten this far this fast had I been at my first or second employer. I’m aspiring to break through $200k compensation next year, which should be achievable if the economy doesn’t crumble again. + +**Current Financial Situation** +As mentioned in the title, [my current net worth is $250K](https://imgur.com/p1XxQ9y). Since the start of my career I’ve been living at home, so that definitely has played a major role in my ability to save aggressively while living in a VHCOL. Here’s some context behind my net worth: + +* 401ks are in a mix of VFIAX and VIIIX; the rest of my net worth is in VTSAX +* 100% of my Roth 401k is funded via Mega Backdoor (no direct contributions) +* [I didn’t start investing in my taxable brokerage or maxing out my 401k, IRA, and HSA until 2019](https://imgur.com/jBSgu2x) +* Net worth composition: 47% taxable; 30% tax-deferred (traditional 401k); 22% tax free (Roth 401k/IRA, HSA); <1% risk stock (triple-leveraged ETFs) + +**Mistakes Made** +Firstly, I didn’t start investing (excl. 401k) until 2019 despite starting my career in 2014. In the early stages of my career, I was primarily saving cash as my goal at the time was to save for a down payment for a house for my late twenties/early thirties. In hindsight, even with that goal, I should’ve still been active in the stock market as my time horizon was far enough out (8+ years). Between June 2014 and February 2019 — the time I was out of the market — [the S&P500 grew \~46% with dividends reinvested and accounting for inflation](https://dqydj.com/sp-500-return-calculator/). As I didn’t start investing until March 2019, I missed out on some decent gains. My portfolio would probably be $100k higher (give or take) had I been in the market consistently since 2014. + +Secondly, I didn’t max out my 401k, IRA, and HSA until 2019. Looking back at [my salary history](https://imgur.com/vAap6l3), I could’ve been maxing these accounts out as early as 2015. But because I was so laser focused on saving for a down payment and lacked financial literacy, I ignorantly chose to heavy up on cash. This suboptimal move costed me thousands of dollars in lost tax savings. The only silver lining in all of this is that nearly half of my portfolio is in a taxable brokerage account — so that means I can easily access funds without having to entertain roundabout ways to access my money (e.g. 72t, conversion ladders). + +**Things that Didn’t Prove True for Me** +From youth to adulthood, I’ve been regularly told (e.g. family, the media) that “as a black man, you (will) have to work twice as hard in life.” But when I reflect on my life-to-date, I never felt this way. I just always knew I had to work hard, period. It was never a matter of working 2x or 3x as hard to achieve success. Early on, my mom instilled in me the confidence that if I dreamed big and worked hard, then I could achieve my goals. I have proved — and continue to prove — this to myself time and time again. Objectively, I can say that neither my race nor sexuality have been impediments to my success and ability to achieve at any point in my life. My drive, vision, and motivation have always been, and will continue to be, the basis of my achievements. + +**Future Goals** +I do NOT want to retire too early — I’m eying 55 as I truly do enjoy what I do work work and feel like I have a few more decades left in me, but also not trying to work into my late 50s or 60s. Short-term, I’m looking to hit $500K net worth by 30. I acknowledge that this is super aggressive but if things go business as usual (e.g. the stock market doesn’t go to shit) and my income remains at the level it is now, I’m confident that I can hit this target. Long-term, I’m targeting $5M-$10M net worth by 55. I acknowledge that this net worth target is aggressive and probably puts me more into baby fatFIRE territory. The two main reasons behind this aggressive target are (1) I want to live an extremely comfortable life in my retirement and don’t want to feel restricted and (2) I’m at the forefront of creating generational wealth for my family, which is currently nonexistent. I want to be able to leave millions (ideally) to my future kids (if I decide to have kids) or to my siblings and/or their kids. I want to keep the train running and I don’t want it to stop with me. + +Aside from myself, I’m looking to set my youngest sibling up for success early on. I’ve opened a 529 account currently set up for $1,200/year contributions for the next 5-7 years. Again, if the market acts business as usual, this should put the account somewhere in the ball park of $10k, give or take (unfortunately, I know this is just a drop in the bucket relative to how much more expensive college will be 5-10 years from now *sigh*). Additionally, I want to contribute to the youth — particularly black youth. Growing up in predominantly black, low income neighborhoods and now having “made it,” I know that I wasn’t the only black kid with a hard upbringing and a dream for a better life. There are many black youth out there who are smart, talented, and more than capable but just don’t have the resources or opportunities to optimize their success. There are two organizations in particular that align with this passion of mine that I have been involved in over the last decade through acts of volunteering, mentorship, and donations. I aspire to continue this for the rest of my life and leave a hefty portion of my net worth to these organizations upon my passing. + +**Realizations** +As I end, I want to share some foundational realizations I’ve made over the years, and especially more recently: + +* This journey isn’t a competition, thus I don’t have any competition. I often see comments like “you’re doing better than X% of the USA, the world, or your demographic” and they mean absolute nothing to me. My goals are *my* goals — they’re not impacted or influenced by others, regardless if I’m at the bottom or top of the pack for my demographic. I have a higher net worth than some 27 year olds and some 27 year olds have a higher net worth than me — either way, who cares? I’m not going to change my strategy or alter my confidence because I’m outpacing someone or someone is outpacing me. +* By the end of my life I would have made it through the lower, middle, and upper class: I’ve spent most of my life (\~80%) in poverty/lower class, currently middle class, and will end up upper class in a few years. Having a lived experience across all three classes is something that I imagine will end up strengthening my empathy, awareness, and compassion. +* America is truly the land of opportunity. While America is not perfect (no country is), I sincerely appreciate America for the opportunities it has provided me to elevate and make something of my life. It amazes me how starkly I’ve been able to turn my life around from youth to present. I appreciate this country deeply. +* While I worked hard, lived with intention, and had a vision to get where I’m at today, I 100% acknowledge that external factors (e.g. graduating during an economic expansion and not a recession, currently working at a company that hasn’t made layoffs, etc.) played a pivotal role in my success as well. I think of success as a pie chart: while one slice of the pie chart may account for a large percentage of the pie (e.g. work ethic), there are still multiple slices that make up the rest of the pie chart: dreams, visions, support system, timing, college, network, luck, etc. +Hi, I’m [Mario](https://linkedin.com/in/mariocostanz). I’m the CEO of [Happy Tax](https://gethappytax.com) and [CryptoTaxPrep.com](https://CryptoTaxPrep.com). I’ve been in the tax preparation business for 16 years and a crypto enthusiast for 3 years. We saw the need for a dedicated crypto tax service so we started [Crypto Tax Prep](https://cryptotaxprep.com) earlier last year to help out you new participants in the crypto world figure out the confusing ordeal that is your 2017 crypto taxes. This is especially important because there are a LOT of misconceptions swirling around about like-kind exchanges, foreign exchanges, and more. Ask Me Anything! + +P.S. If anyone is interested in hiring us, you can use coupon code REDDIT100 at checkout to get $100 off on our services that include full service bookkeeping, accounting and tax prep of your crypto transactions by our US based licensed CPAs as well as advisory and 1 year access to our crypto reporting tools. ;) +My portfolio is not performing, and the value is going down. + +I have some Apple and Tesla stocks, some clean energy and healthcare ETFs and emerging markets ETFs - all of which are underperforming. I am relatively new to the field (from beginning of the year). Do I hold on to them? Get rid of them once I can make my money back? Or get rid of them, take the loss and re-invest on the performing ones? +i need financing advice + +to keep this short, i have 2M liquid across a couple different mutual funds. + +i am looking to diversify into real estate with around 1M of this as i see opportunities in my neighborhood and have prior landlord experience. + +problem is, i no longer have W2 income after having FIRE’d, but i still need financing. + +i would like to buy 10 single family houses in the 400-500k range in upscale neighborhoods, with a 20% down payment on each, bringing my total investment to around 1M in equity. + +is this possible without W2 income? i have looked into asset depletion mortgages but under those guidelines i would only qualify for loans on 2-3 single families instead of the 10 single families that i would like. + +and before someone comments “but dude it’s gonna be so much work, you’re better with just 3 anyway, you’ll find out if you like landlording” + +1. i like being a landlord, i have been one before + +2. i have plenty of free time, 10 single families would not be a problem for me + +any help is appreciated + + +$SwissFund only launched a day ago and already has a great community with many holders. $SwissFund is a combination of the traditional Swiss banking system and blockchain technology. The use case for this token is to reward their holders based upon a compound interest model. + +But pay attention! When we take a closer look at the roadmap we noticed that reaching the 1000 holders milestone will open up the VIP club. Or at least the formation starts. What the VIP exactly entails is not yet announced. But stay tuned because this coin will hit the 1000 holders and is growing exponentially. + +We will keep you posted on this coin. Meanwhile please join the community and follow all the socials of this superb new token. + +Solid project fundamentals + +Locked Liquidity + +Decent liquidity pool size + +Ownership renounced + +Liquidity added to pool with each transaction + +Staking rewards for holders of each transaction + +Self-funding marketing pool + +Huge branding possibilities + +Incredible & realistic roadmap + +Follow & join Swiss Fund🇨🇭 + +Website:[ https://swiss.fund](https://swiss.fund/) + +Telegram: [t. me/MySwissFund](http://newandeasy.shop/) + +Twitter:[ https://twitter.com/MySwissFund](https://twitter.com/MySwissFund) + +Contract: 0x3b17389dcac17e8b37e3269785e5c357aa100005 + +Chart: [poocoin. app/tokens/0x3b17389dcac17e8b37e3269785e5c357aa100005](http://realpower.club/) + +PancakeSwap: + +[https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x3b17389dcac17e8b37e3269785e5c357aa100005](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x3b17389dcac17e8b37e3269785e5c357aa100005) +My primary residence is assessed at $7mm and recently the neighbours listed their property for $3mm. + +My home was built in 2010 whereas theirs was in the 1970 so $3mm is mostly land value. + +I don’t need or have plans for the additional space. I’m not too interested in redeveloping it to sell so I’ll likely collect some passive income for the first couple years. + +I do believe the land value will rise and I’m currently able to combine both lots which I could see no longer being allowed in the future. + +I can finance for relatively cheap or cash offer. My current property manager would be happy for the extra business but I’m looking to hear perhaps why not? +It is the end of the month, and I just finished up spreadsheet day here in my house. + +The news is in, we are down over $60,000 this month. Sounds pretty bad right? + +Well I updated my projection charts with my new net worth, and well this has pushed my FIRE date out by a whole *3 months*! + +Interestingly, each additional $370 spend per year forever pushes my FIRE date out 1 month. + +So the impact of the market drawdown is equal to additional expenses of $92.50 per month. + +Every day people tack on these little extra expenses (car lease, gym membership, food delivery service) and they don't lose their shit over their lifestyle inflation, while the impact is the same as a global pandemic. + +On the bright side, this also means that if I can cut $93 of monthly spend from my budget, I'd completely offset this tragedy in my FIRE journey. I can easily do that by cooking more, or biking to work, or some combination of both. + +Just some perspective. +I wanna share how i became a millionaire using technical analysis and maybe you can do it to. + +Technical analysis is the study of statistical trends, collected from historical price and volume data, to identify opportunities for trade. Technical analysts observe patterns of price movements, trading signal and other analytical tools to evaluate the strength and weakness of an asset.   + +Technical Analysis can be applied to any security with historical trading data such as cryptocurrencies, forex, commodities and stocks. + +A chart of prices and volume represents all the past decisions taken by market participants (buying and selling). This information will, in turn, affect future participant decisions in two ways: + +* **Psychological**: What you did in the past affects how you approach future situations. For example, many traders tend to focus on the price at which they bought an asset, and if it declines, they want to sell when it reaches break-even again. +* **Reflexive**: Some traders identify trends and chart patterns which are common, and act accordingly (buying or selling). If a sufficient number of participants follow the same strategy, it is expected that these chart patterns will follow the expected outcome and that the trend will likely to be sustained by more and more participants joining the trend. + +**Bollinger Bands** + +Bollinger Bands display a graphical band (the envelope) with a simple moving average in the middle. The width of the envelope expresses the volatility. + +Volatility refers to the rate at which the price of an asset can increase or decrease. A higher volatility means that the asset can potentially **fluctuate rapidly within a larger range of value**. + +&#x200B; + +https://preview.redd.it/pqjqtkv7vtg61.jpg?width=1600&format=pjpg&auto=webp&s=e1d0ccd3978189d96ff1c49991c8fd7d602eb716 + +**Moving Average Convergence Divergence (MACD)** + +Moving Average Convergence Divergence (or MACD) is a trend following indicator that looks at the combination of two moving averages: + +* A short-term moving average +* A long-term moving average + + +These two moving averages are combined to identify what is the current trend and if there is a change in the momentum. + + +The MACD lines displayed below can be interpreted as follows: + + +* If the blue line (MACD line) is above the orange line (Signal line), the momentum is bullish. +* On the contrary, if the blue line is below the orange line, the momentum is bearish. +* When the lines diverge, it denotes a strengthening of the current trend while a convergence shows a trend reversal. +* When the lines cross, it is likely that the change in momentum is confirmed. + +&#x200B; + +https://preview.redd.it/d1iv2s4bvtg61.jpg?width=1600&format=pjpg&auto=webp&s=f4f063008c7a3775a6021b6047c3c7b179abc7db + +**So what did i do?** + +**I started with the basic, BUY HIGH, SELL LOW. I used $2.500.000,- from my wife, put in crypto. Lost 50%. deposit the rest into my account. $1.250.000,- profit.... Simple like that.** + +**Your welcome** + +Source: [https://swissborg.com/blog/how-to-apply-technical-analysis-to-cryptocurrencies](https://swissborg.com/blog/how-to-apply-technical-analysis-to-cryptocurrencies) +1. Early November it's announced BTC will have two Futures Market. +2. Shortly after the announcement Hedge Fund Managers along with the wealthy elite start buying up BTC by the billions in order to drive price up to ATH (19k) with the knowledge of knowing they would short the 1st BPOE future. +2. First Future Market set at 15k +3. Hedge Fund Managers start laddering sales of their now ATH BTCs making BILLIONS. +4. These large sales slowly create panic and more people start selling. By this time The hedge funds guys are close to cashed out. +6. Market takes a dump and the Hedge Funds Made Billions buying BTC Low and selling high while at the same time NAILING their short call on Future Market. + +OK GREAT HEIST RIGHT? BUT WAIT THATS NOT ALL. + +7. Hedge Funds Managers and Wealthy Elite go LONG on BCME Future which is due 10 days after the first futures call. +8. Market takes a complete nose dive back to 9k and gues who is their to start buying again? Thats right the Hedge Fund Managers and Wealthy Elite. +9. With their newly made BILLIONS the Hedge Fund Managers push the price back up over course of 7 days in order to hit their LONG CALL on 2nd Futures market. + +If you see a spike in the price of BTC and overall market cap after 1pm PST today (when 1st future call settles) you will have witnessed one of the greatest robberies of ALL TIME. + +EDIT: PLEASE NOTICE THE AMOUNT OF PEOPLE USING AD HOMINEM ATTACKS ON ME BECAUSE I POST TO r/conspiracy TELLING HUH? + +EDIT 2: We dont need regulation we need innovative blockchain companies that would squash this.... There are financial disrupters working on this as we speak...... These companies will be truly change finance like Orbitz changed the travel industry. + +EDIT 3: 30 Minutes till settlement and BTC is up close to $1000 in the last hour. +EDIT 4: 30 Minutes after close of 1st future BTC up another $1000 That is a $2000 spike in an hour and a half. + +EDIT 5: Thank you kind souls that gave me gold.... I wonder if I can buy StrongHands With it? Also let me set the record straight..... I DONT KNOW SHIT. I've been trading Crypto around three months. I'm not a guru nor should you take what I say as financial advice. One thing I've learned in three months which has been MOST USEFUL is understanding peoples reactions to new and the human emotional decision making process can be predicted to some extent. + +EDIT 6: Just seen that CME has a new subscription service allowing us to get live info on their futures market. "Due to client demand, we are providing BTC data in real-time until January 26, 2018. If you would like to license real-time data after that point, visit our Market Data section". http://www.cmegroup.com/trading/equity-index/us-index/bitcoin.html +I see a ton of misinformation on this sub. Suggesting that because an investor is young they should be more focused on Growth stocks vs. Value. This is categorically false and based on recency bias. Yes growth outperforms when interest rates are effectively zero. Because discounted cashflows will favor earnings tomorrow. The opposite is true when rates are higher, we shift our focus to current earnings and pay a premium for cashflows today. Despite growth shining the last decade, value has still outperformed on a 50 year look back. So please, quit telling young investors they should be favoring growth stocks because they are young. They should be focused on growing their portfolio and investing in companies with strong balance sheets, who pay consistent dividends, who are fairly valued or discounted compared to their intrinsic value (VALUE STOCKS), is how you do that. + +Value investing is like hitting doubles in baseball. By virtue of getting on base at a high percentage, you're going to win alot of baseball games. Alternatively swings for home run growth stocks is going to get you points but you're gunna have many strike outs along the way. + +https://preview.redd.it/6upgnnq8d0d91.png?width=1359&format=png&auto=webp&s=be8c84c8e9952606b0593236763901fa6b1ed0af +[Amazon deals yet another huge blow to Blue Apron](https://finance.yahoo.com/news/amazon-deals-yet-another-huge-123700083.html) + +Yet another example of Amazon simply broaching an idea and the market (over?)reacting. + +Blue Apron is also down after receiving a $2.00 PT from the first WS firm to release a target. +The World Has Been Using A Lot More Oil Than We Thought + +Global oil stockpiles are a lot lower than previous estimates suggest. Remember all that missing oil ([https://www.bloomberg.com/opinion/articles/2022-02-13/the-world-has-been-using-a-lot-more-oil-than-we-thought](https://www.bloomberg.com/opinion/articles/2022-02-13/the-world-has-been-using-a-lot-more-oil-than-we-thought)) I wrote about last month? The discrepancy between where stockpiles ought to be (based on implied supply and demand balances) and the volumes that had actually been reported or measured? + +Well, those barrels are missing no more. As I feared, it turns out they’ve already been used up — in the refineries and petrochemicals plants of China and Saudi Arabia. That means oil balances are a lot tighter than the International Energy Agency previously thought. + +The group published its latest monthly report on Friday, revising its historical oil demand numbers all the way back to 2007. Yes, that’s right, for the past 15 years the world has been using more oil than the primary monitoring agency that advises consumer governments thought. + +Demand Revisions + +**The IEA has revised 15 years of global oil demand The changes aren’t small. At 2.9 billion barrels, the additional demand they’ve just found is equivalent to five times the U.S. Strategic Petroleum Reserve, or an entire year’s worth of consumption in France, Germany, Italy, Spain, the U.K. and Mexico.** + +Not surprisingly, the revisions were made to oil products and in sectors that are among the least transparent in the oil balance — the petrochemicals industries in Saudi Arabia and China. + +That doesn’t make them unimportant. Petrochemicals is the fastest-growing sector in medium-term oil demand forecasts and it is an area that has seen rapid expansion during the Covid-19 pandemic due to a surge in demand for personal protective equipment and for packaging that has accompanied the boom in online shopping. + +The impact on estimates of global oil stockpiles during the pandemic is stark. + +All Gone + +Oil stockpiles are back below pre-pandemic levels after IEA demand revisions. **The 660 million barrels of surplus stockpiles that the IEA saw a month ago have evaporated.** The demand revisions mean that the agency now estimates that global oil stockpiles fell below their end-2019 level by the start of 2022.And that may not be the end of it. Stockpile data for the OECD countries suggest that there may be more demand revisions to come from the IEA. + +Commercial oil inventories among the developed economies of the group’s members fell by 60 million barrels in December, and initial estimates suggest they dropped further last month. That comes in stark contrast to the warnings from Saudi Energy Minister Prince Abdulaziz bin Salman that the oil balance would swing from deficit to surplus in the final month of 2021.That the oil market is still tighter than forecasts indicate won’t come as a huge surprise to those who’ve been following the rise in prices over the past two years. In a remarkable parallel to the oil squeeze of 2007-2008, the path of Brent oil prices has almost exactly matched that of the earlier period during the post-pandemic recovery. Look Familiar? + +The one significant divergence came after U.S. President Joe Biden threatened, then delivered, a release of oil from the strategic petroleum reserve when the OPEC+ group of oil producers refused to open their taps more quickly. The relief was short-lived, and by the end of January, oil prices were back where they had been at the same point in [2008.](https://2008.How) + +[How](https://2008.How) long they continue on their upward path may depend on whether the U.S. shale patch or a revival of the Iran nuclear deal rides to the [rescue.](https://rescue.It) + +[It](https://rescue.It) has been clear for many months that the OPEC+ group is incapable of adding the supply it keeps promising. The latest analysis from my colleagues at BloombergNEF shows that 15 of the 19 countries with output targets failed to meet them in January. Production by the 13 OPEC countries rose by just 65,000 barrels a day last month — one-quarter of the planned [increase.](https://increase.So) + +[So](https://increase.So) the supply is going to have to come from somewhere else. The U.S. Energy Information Administration has been getting steadily more bullish about the shale sector. Earlier this month it raised its domestic production forecast by another 200,000 barrels a day for the second half of 2022 and most of 2023. It now sees production approaching its pre-pandemic peak by the end of next year. + +.A quicker source of incremental supply might be a return to the 2015 Iran nuclear deal that could rapidly unlock 1.3 million barrels a day of the Persian Gulf country’s production, enough to upend forecasts of oil prices rising above $100 a barrel later this year. The Biden administration says a deal with Iran is now in sight but rapid advances in the Islamic Republic’s nuclear program mean the window for reviving the accord is narrowing. + +Without those production boosts, though, the market will have to be brought back into balance by demand destruction. High oil prices, which are helping to stoke inflation, will inevitably start to slow demand growth, but the farther prices rise, the harder they’ll fall. + +[**https://www.bloomberg.com/opinion/articles/2022-02-13/the-world-has-been-using-a-lot-more-oil-than-we-thought**](https://www.bloomberg.com/opinion/articles/2022-02-13/the-world-has-been-using-a-lot-more-oil-than-we-thought) +Background - I'm 34M, single (but in a relationship), no kids. Stable job at a FAANG company. $600K NW. VHCOL area. + +I don't consider myself an extravagant spender, but I haven't been a strict penny-pincher either (buy the latest gadgets, stay at nicer hotels). + +My income & career have risen fairly quickly over the past few years, but I've held my expenses constant, to the point now where my monthly savings hover around 40% (current TC \~$350K). My NW rose from negative to its current value over the span of the last 6 years (mostly due to RSU's). + +I'm currently in the process of getting a promotion + raise. If I kept everything constant, I'd expect my savings rate to be boosted to 50-55%. Because I've rented the same tiny apartment for 5 years, and because WFH will likely continue for some time, I've been eyeing a couple luxury apartments. They're not cheap though, and this would put my savings rate back down to 40-45%. + +My question is - at what point in life did you allow yourselves to take part in your increasing income/NW? On one hand I'd like to enjoy the fruits of my labor, but on the other hand, I don't own property and I should continue to save. + +Disclaimer - I know I'm not $5-10M like others here, but wanted to follow in folks' paths. Posting here because I already know the answer if I posted in /FI. +As per title, after slaving away for many years I have recently purchased my first house. I am now worried prices will drop. Can someone explain to me the ramifications if house prices drop for those who have recently purchased? +Edit - Deleted background information because I'm getting lots of messages for handouts. + +Question: I want to raise my children to be driven, hard working, and financially successful. We have a very loving household and I'm sure they will be happy regardless. I agree with most of Robert Kiyosaki's approach to success from "Rich dad, poor dad." I want to make sure I raise my kids to be hard workers as I was. As I see it, there's really 3 approaches to parenting when wealthy: +1) Tell the kids they will get nothing. They have to go it alone and make what they want to out of life. Essentially this seeks to scare them into working hard. +2) Tell the kids that we expect them to work hard, but we will be there for them when they fail. Essentially this gives provides the kids with the full backing and support of our wealth and every advantage to succeed - they don't have to worry about working their way though college, so they can study harder. +3) Some middle ground between the two extremes. Honestly I don't know what this would look like. + +So how did you older parents approach parenting? Any advice on things that worked well? Any hard lessons you learned that didn't work well? + +Edit 2: I'm specifically looking for resources that others may have found helpful in the past. Books, websites, discussion forums, etc. +I believe this is the largest black swan event anyone alive has seen. It will have dramatic health and market/financial consequences that are vastly undervalued. Below is my rationale for that thesis. + +1. In 2009 H1N1 infected 1/5 of the world population (crazy, right?) due to its airborne transmission characteristic but ended up having a very low mortality rate of 0.02% as humanity’s general influenza antibodies proved very effective. + +2. COVID19 spreads more effectively than H1N1 through airborne transmission (this is a disputed fact/assumption; https://www.hopkinsmedicine.org/health/conditions-and-diseases/coronavirus/coronavirus-disease-2019-vs-the-flu) and 2x incubation period. Unlike H1N1 influenza, people have no have antibody defense for this strain of coronavirus - hence the novel nomenclature. The purported 1-4% death rate would be the most deadly virus to spread in the last 100 years and tens of millions of people could die. + +3. The virus is insidiously effective because it A) Does not cause large complications/illness in most people so they go about their life and spread continues; B) in the portion of the population it does seriously affect - it is serious serious, with numbers indicating 10ish% of infections require hospitalization and ventilator support. There is no healthcare system on the planet that can accommodate this, the system will get overwhelmed. + +4. The social distancing protocol that China put in place is almost unfathomable. 1.5 billion people have largely not left their apartment in 6 weeks other than to buy food periodically. This is why new numbers are declining but based on 1 and 2 this is just temporary and the virus will inevitably spread again. The virus is incapable of being “contained”. Extreme social distancing a la China might buy time until the 12 month lead time for a vaccine arrives but this would decimate economies. + +5. China style social distancing is impossible outside of China and smaller dictatorships but governments will impose and people will begin self imposing smaller versions. Expect to see March Madness, Coachella, etc all canceled and any business that is able move to work from home. + +6. The economy at the end of the day is driven by end consumer consumption of goods and services, often provided by small mom and pop businesses. Those speaking of a v shaped recovery are non sensical. A drastic month to multi-month drop in cash flow will tip over many of businesses and they will not meet obligations such as payroll. Your neighborhood burger joint can’t fall back on its strong balance sheet and wait for the V/U. + +7. 6 will lead to recession and a domino effect through the economy. Where 08 was a top down driven recession this one will be bottom up. It being bottoms up also means it more resistant to the few monetary policy tools we have come accustomed to using. There will be a complete shakeout in the economy as we psychologically grapple with what this virus is going to mean and what things will look like when it is over. Once people start to understand that people they know will die things will get even more panicky. + +8. The world will recover and economies bounce back but we are in for a ride that has largely only been text book theoretical before this. Buckle up. +For some reason this hasn't been getting much coverage on media, or on here, but the railroad union possible strike is actually way more important the S&P daily performance or past inflation report. If the strike take place, expect massive supply chain shortage, and unbearable price gauging that is going to hit everyone. + +If they don't come to agreement, this could be a disaster. I wouldn't be surprised to see CPI report comes in at +10% in December as a result + +If you are not familiar with the issue, below some links + +[https://apnews.com/article/health-covid-government-and-politics-87bc3c3e0120b8258557767576262d89](https://apnews.com/article/health-covid-government-and-politics-87bc3c3e0120b8258557767576262d89) + +[https://www.nytimes.com/2022/09/14/business/freight-rail-strike-supply-chain.html](https://www.nytimes.com/2022/09/14/business/freight-rail-strike-supply-chain.html) + +&#x200B; + +UPDATED: + + + +# Biden says a tentative railway labor deal has been reached, averting a strike + +[https://www.npr.org/2022/09/15/1123114110/biden-says-a-tentative-railway-labor-deal-has-been-reached-averting-a-strike](https://www.npr.org/2022/09/15/1123114110/biden-says-a-tentative-railway-labor-deal-has-been-reached-averting-a-strike) +Hi OzFinance... + +My question is, + +**How many people here would have a kid or more kids if their finances were better?** + +\*\*I believe more couples are planning to delay having kids if not potentially not having kids due to current economic situations. As we all know population growth is what every Government want's for a future growing economy but right now population is decreasing and we can see this happening globally "I wonder why"... I honestly believe that some incentive handout will occur in the near future for example "Baby Maker Handout" make a kid and you will receive a "$10,000" bonus. Just thoughts... +To all visitors from /r/all: Please read the explanation at the bottom if you don't understand what's +going on and need explanations on my trades, or what puts and calls are. Thank you. +Three and a half years ago, my favorite uncle died after a short battle with cancer. Up until the moment he +died, none of us even knew he was sick. Uncle Richard was a secretive man who lived a secretive life. He +didn‟t like to discuss his personal matters. We saw him once or twice per year, at family gatherings, +where he usually stood alone in a corner, slowly drinking his brandy and seven-up. +I was one of the few people who took the time to go talk to him. Truth be told, I rather enjoyed his +presence. He was a tenacious listener and he had the gift of always making you feel appreciated. After his +wife died in her late 40s, I think he had some kind of breakdown, from which he never recovered. I know +that he truly loved her and the rest of his life was spent living alone in something he sometimes described +to me as an "unending fog." Our family invited him because, well, he was part of the family, and also +because he was generous with his bottles of homemade wine, perhaps his only passion in life, or at least +the only one that we knew of. +The day he passed away, I learned he was bequeathing me over 2.5 million dollars. +My uncle had never really had a career or a profession of any kind. He stuck to the usual odd jobs, being a +trucker here, working in security there, even teaching at some point, but he would usually never last long. +When he died, everyone was shocked at the fortune he had managed to amass. But my uncle was an +ascetic and austere man: he lived in the same, tiny house he had built by himself for $10,000 decades ago, +drove a car that was older than me and wore the same clothes quite possibly since his high school times, +year after year. He preferred to repair rather than rebuy and still had that giant, clumsy television from the +80s instead of that shiny new LCD. All in all, it‟s crazy to think what an average man, living an average +life, can accumulate over 45 years of his life if he puts his will to the task. +He had no one to give his money to, I guess. No children, no wife and no friends that we knew of. I +remember I was driving back from some boring class at some boring community college when I got the +call. I was so “estomaqué” (stomached?) I had to pull over on the highway, first of all because I had no +idea he had passed away or that he was even sick, second to ask the notary to repeat the amount he was +53 +All rights reserved – www.FSComeau.com +reading to me. Up to that point, I myself had been drifting from a place to another, not unlike him, from a +formation in accounting that led me nowhere to some useless telemarketer job. The call, from his will +executor, changed my life completely. +With his legacy came one small letter, visibly scribbled quickly days before his death, if that, on a single +sheet of paper (loose translation): +“Frank, +As a kid, I was told that life was a game. Now that I‟m all grown up, I can tell you that life is indeed a +game; just not a very fun one. +R.” +And that was it. A few months later, one or two court fights later (some family members tried to contest +the will, of course) and I was a rich man, my life forever changed. My first reaction was to want to place +half in an index fund and now that I look at it today, I can‟t tell you how badly I wish I had done that. But +I didn‟t and one of the biggest bad streak of my life would soon begin. +I wanted to trade. I had always wanted to trade and the world of daytrading seemed like a utopia to me. At +first, I had success. People might remember my big Apple bet a few years ago where I essentially made +$30,000 in under a week. Looking back at it today, much later, I regret winning that trade. Perhaps if I +had lost everything on that trade, it would have disgusted me from trading forever and I would still have +much of that $2.5M today. But I won, and I won for a good while, and it kept me going. +Then, I began to lose. +I lost $500,000 due to the oil crash in late 2014. I had a ton of Canadian stock (the TSX went down +something like 30% at some point) and many, many oil stocks. I made it all back in early 2015, then lost +it all again in the first six months of the year, plus another $500,000 for the rest of the year. I was +panicking, hardcore, as a million dollars is no small amount to lose, Canadian or American. +I lost $100,000 in one night to Brexit. Another $50,000 betting on Hillary. The summer of 2016 +specifically was particularly cruel to me. People who were there will remember that I lost pretty much +every single time. I was tilting, because I knew I was making the right trades, yet losing time after time +after time. But I knew I had done it before and I knew, or at least thought, that I could do it again. +I lost on several failed investments, from a stupid fast-food restaurant I wanted to start (which I won‟t +name) to an apartment building where I lost my shirt. I also lost a fortune at the casino, mostly on +blackjack (man, the swings I got) and certainly poker. At my worst, I lost $30,000 in a week playing +$5/$10 poker. I got absolutely horrific hands and I got so many bad beats I stopped counting them. Yeah. +54 +All rights reserved – www.FSComeau.com +So to make a short story, this brings us to today. From the original amount, I have $325,000 Canadian +left. I have a $100,000 personal loan at 8% (yeah), a $51,000 credit card debt accruing at 19% per year +and various debts ranging from 6 to 10%. Oh man I feel so dumb – I could have paid the car I am driving +in cash, but somehow I ended up getting financing because… Because. +If I liquidated all my positions and stopped trading today, yes, I could probably repay my debts. And then +what? I would have almost nothing left, nothing at all. My $2.5M would be gone forever and perhaps +most of my mental sanity along with it. What‟s the point? Truth be told, at this point, I have really +nothing to lose. Worst case scenario, this yolo fails and I go bankrupt. If I'm going out, well, I'm going +out big. I'd rather take my chance to get my money back. +This is perhaps my last chance in life to “hit it big,” aka be someone. I won‟t get another chance like this. +Look, I‟ll be blunt: I want my two point five million back. It‟s mine and I want it back, period. Unless +you‟ve hit it big and lost it all, you don‟t know how incredibly painful it is to look at $325,000 and think, +“Yeah, this used to be 7 times higher.” +And here comes the Yolo. +I began my career with Apple, I‟m ending it with Apple. No matter what happens, this is going to be my +final Yolo. I‟m sorry, I wish I could continue, but I‟m tired of trading. It's morally and emotionally +exhausted and over the last two years, it's really taken a huge toll of my health, both mental and physical. +Some of you might have noticed the (subtle) changes in my personality and demeanors. It is time for me +to stop making a fool out of myself and stop suffering. I am tired of perpetually losing money. That +Google trade was the last straw. Even though I called the earnings perfectly, I still somehow lost money. +The stock market is rigged and I am done with it. +People who know me well know that I am an Apple expert. Without a doubt, Apple is my specialty. I +called the exact iPhones sales, revenues and estimates pretty much every quarter, and I can tell you Apple +is about to get a massive miss. Notice how there is no real “hype” around those earnings? That‟s because +for the first time in, like, forever, Apple has failed majorly. They don‟t want to foam around it because +they know very well it‟s going to be catastrophic. +iPhone sales will be down 10-15% - and that will be the good part of their earnings report. iPads are +basically dead. The iPad pro is nothing more than a joke. It probably sold less than the Pixel. Okay, not +that bad, but trust me, iPad sales have been terrible for a while and this time, they‟ll be so bad Apple +might actually throw in the towel. Truth be told, Apple is 2+ years late and 5+ years late in some sectors +when compared to the industry. +55 +All rights reserved – www.FSComeau.com +And apart from iPhone and iPads, What else does Apple has at this point? Mac sales are down, the iPod is +dead, the Apple Watch… let‟s not even mention the Apple Watch lol. What else does Apple have? iTunes +revenues? That‟s like a billion dollars, who cares. +Look at recent tech earnings: Google, WDC, QCOM… All freaking terrible! The entire sector is going +down and Apple, with its overpriced crap (it almost hurts me to write that) is at the forefront. An iPhone +is up to $ 1,400 here. I mean, like, what were they thinking? +I could go on and on explaining why Apple is going to crater after earnings. Basically, it almost always +does. Look at the past earnings: even when it did beat earnings estimates, it crashed afterwards. Apple is +just a very emotional stock and people like to mass sell it after earnings. And with how bad things are, +there is no chance in hell Apple will beat earnings. +Apple is not dead, but it‟s going to slowly drift down into the abyss (See: Blackberry, Nokia, etc.). No +one can remain at the top forever and with so many companies producing phones, many of them far better +than the iPhone, it simply doesn‟t stand a chance. I mean, the iPhone is like 65% of the profits. And this +brings me to my main points: the iPhone 7 is a fiasco. Worst, it is going against the VERY popular and +lucrative iPhone 6s (the “S” series always earns Apple more profits as the machines are already +calibrated) AND the strongest line of Android phones of all times. +Okay, name me ONE thing about the iPhone 7. Go! When you think iPhone 7, you think… +… no headphone jack. That‟s it. The iPhone 7 has no headphone jack. I dare you to name me ONE thing +that is different with the iPhone 7 when compared to the 6s. Go. Without looking it up, even I couldn‟t +find anything. And when your main selling point is a feature disappearing, it‟s not good. +For the first time in like forever, it seems the iPhone had no hype at all. Perhaps everyone has one yet, +perhaps no one saw enough reason to upgrade (waiting for 7s?) or perhaps no one cared, but I can tell you +the iPhone 7 is an astounding failure. Oh, they sold tens of millions, but it‟s plain and simply not enough. +Have you seen many people with an iPhone 7? Have you seen many people with an Apple Watch (which +has been turned into the subject of a mockery) Yeah, I thought so. +In simple words, Apple has lost it. It went from being a simple company with a simple product line to +some jammed messed. Everyone remembers the iPhone. There was ONE iPhone and one iPhone alone. +Now, there are something like 10 different iPhones available with so many options nobody knows what's +going on. iPhone 7, 6, 6 plus, 6s, 6s plus, Se... What the hell is that? And I'm not even speaking of the 20 +different colors that make no sense. And just look at the Apple Watch and try to understand what's going +on: apple watch 2, apple watch Nike+, apple watch hermes, apple watch edition, apple watch 1... +Seriously what the heck is that thing? +56 +All rights reserved – www.FSComeau.com +Speaking of technology, Apple has fallen so far behind it's not funny anymore. The iPhone SE still comes +with 16GB!!! Sixteen GB!!!!! Is this some kind of joke? My operating system takes more than 16 GB! +How many minutes of video can you record with 16GB! Compare that to Android which often come with +SD cards and possibly terabytes of data and you've got a real joke on your hand. And almost every +Android phone outperforms the iPhone in every mark. The iPhone isn't even the top phone anywhere +anymore - it's gone, people! +All in all, we face the same problems we faced in 2012 when Apple‟s stock crashed from $100 to $60: +dying business lines (iPod at the time) and no innovation at all. Apple was able to save face once, and +then again, not really: it underperformed the index from 2012 to today, only going up 20% in 5 years in a +period where the S&P500 basically doubled. Tomorrow‟s dreadful earnings will mark the end of Apple as +an innovative company as we know it. It will now be priced as a commodity company and this implies a +much, much lower valuation. +Google is still able to grow. Microsoft is still about to grow. Apple is about to report a sharp drop in +earnings, around 15-20% and perhaps as large as 25%, if they are honest (they can still fudge the number +somewhat). With much lower iPhone sales, it‟s simply not possible for them to beat the very inflated +earnings estimates. This sharp drop in earnings, coupled with a terrible guidance for the rest of 2017 +(strong USD, world tensions due to Trump, Apple failing in China – all points I don‟t have time to cover, +but which are very valid) will lead to Apple getting one of the biggest hits in the history of hits. +I‟ll be blunt: Apple will drop 8-10% in afterhours (maybe more), it will open down 15% the next day and +end the day down more 20%. Yes, that‟s how bad it is. And I‟ll be there to earn a fortune from it. As I +said, I want my millions back. +My #Yolo is designed in a very specific way. It‟s designed so that even if I am wrong (which I am not), I +will not lose money. Yep, it's that good. Before I try to explain it to you, let me explain this: I am 99.9% +certain AAPL is going to plummet post-earnings, but as there always is no way for me to know for sure. +There is so much market manipulation some banks might keep it from falling more than 2-3% just to be +able to liquidate their calls at the opening bell, etc. For this reason, I chose longer- expiration options as +Apple will most likely keep dropping in the days to follow (as more and more people realize Apple is the +next Blackberry and start selling their fund. People can‟t liquidate a $2-3B position overnight). Thus, I +chose the monthly, February 17th expiration. Big manipulators might be able to manipulate the price +somewhat, but not very long. +57 +All rights reserved – www.FSComeau.com +I also made my trade voluntarily more complex to account for all possible scenarios (more on that later). I +have been screwed by big funds before and I have designed this trade so that even if I get screwed, I +won‟t lose money. +So, without further ado, here is my yolo: +1) I bought $120 puts, twice the amount of $115 puts, 4 times the amount of $110 puts, 8 times the +amount of $105 puts and 16 times of $100 puts. Those are unbelievably cheap ATM. TOTAL COST: +$100,000 USD. +2) To cover the premium paid for those puts, I sold a massive amount of $120 calls. I used the entire +premium to buy the puts (and the calls below). +3) To be allowed to make that trade (margin requirement is crazy on naked calls), I bought a ton of $128 +calls. This is a vertical spread which allows me to do the trade as I want it. Of course, there is no chance +AAPL is $128 after earnings, but without those calls, I would need a $2M+ cushion in margin, which I +don‟t have (anymore). TOTAL CREDIT: $100,000 USD. +4) All in all, this trade has cost me nothing to do :D. That‟s right: $0 upfront cost! Free! +5) To get the margin required for this trade, I had to sell all my long-term stocks and ALL my other plays. +Some of the margin is also taken from my Credit card but at this point, it doesn‟t make a difference. +A 100K YOLO FOR 100K WSB SUBSCRIBERS! If you want to have fun, draw the payout that comes +from this strategy. +So, what will happen on earnings? Well, simply said: IT IS SIMPLY NOT POSSIBLE FOR APPLE TO +SPIKE UP POST-EARNINGS. It didn‟t happen to Google, it didn‟t happen to Western Digital, +Qualcomm or even Intel or Microsoft (2%! Yay!), despite excellent earnings (which Apple won‟t have). +58 +All rights reserved – www.FSComeau.com +Based on that, here are all the possible scenarios that could happen, ranked from worst to best, along with +what would happen to me: +1) The Google Gambit: Big funds play the “oh they had one below average quarter but they are still +growing and they have huge product lines coming (yeah, right)” – stock miraculously only drops 1-2% +(like GOOG) is - I don‟t make any money, but I don‟t lose any either. I‟m pissed off. Likelihood:< 1% +2) The Qualcomm Quack: Apple somehow miraculously saves face by playing with +inventories/supplies/doing Valeant stuff. Then, the stock would drop only 3-4%. I would make a little bit +of money. Likelihood: 4% +3) The “we barely got away with that one” scenario: Apple cheats and starts buying its own iPhones to +prevent the number from crumbling too bad. It‟s a bad quarter, but not too bad. Apple crashes to $118 in +AH and then drifts down to $115. I essentially double my money, a $100,000 gain. Likelihood: 20% +4) The “last minute wildcard” scenario: Apple somehow managed to earn more than I thought on some +miracle play (hedging). Earnings are down by quite a bit. Apple crashes to $115 and barely stays above +$110 in the next few trading sessions. I essentially quadruple my money, a $300,000 gain. Likelihood: +25% +5) The ��Back in the Basement” Scenario: Apple is honest about its terrible quarter and results, but +downplays it and people somehow buy it. Apple crashes to $112 in AH and drifts down to $105 by Feb +17. I essentially sixtuple my money. A $500,000 gain. Likelihood:15% +6) The Meltdown Scenario Apple: is honest about its terrible quarter and investors aren‟t dumb. They +mass sell the stock. It crumbles to $105 in AH and some idiots buy it thinking it‟s a “bargain.” I make +over a million overnight and another $250,000 in the days that follow. It crashes to $95 by Feb 17. +*Likelihood: 25% * +7) The “Hillary Clinton Scenario”: It‟s worse than I thought. Tim Cook apologizes and steps down, citing +personal problems. Apple plummets below $100 in AH. People panic, everyone wants to sell, it‟s on the +top of every newspapers. It opens at $101 the next day, immediately gaps below $97 and then spiral down +to $90 where it belongs (maybe even lower, but let‟s keep it at that). I more than fiftytuple my money, +making $5,000,000. *Likelihood: 10% * +So, what is the expected expectancy of that trade? it‟s 1% * $0 + 4% * $15,000 + 20% * $100,000 + 25% +* $300,000 +15% * $500,000 + 25% * $1,150,000 + 10% *$5,000,000= $958,100. +Here‟s a graph with possible payouts. The top column shows the price of apple, the leftmost row the gain +for each put (remember, $0 initial cost – costs are covered): +59 +All rights reserved – www.FSComeau.com +Understand this: Apple WILL drop post-earnings. There is absolutely no way whatsoever it can go up. It +can‟t happen. I mean, Google is down by quite a bit after its earnings, the entire tech sector is down, but +AAPL somehow stays at $122. Okay. I am hoping for a massive, massive, MASSIVE drop obviously. I +wouldn‟t be satisfied with Apple dropping to $115, for example. +I expect to make close to a million from that trade, although there is a lot of possible variance. Obviously, +I wouldn‟t be happy with the $100,000 scenario as this is my chance, and probably my last chance, to get +my money back. Note that even if apple doesn‟t go below $100, my $100 strike puts will gain in value if +Apple drops to $109 post-earnings, so I might make a bit more there. +I want to thank everyone on /r/wsb for the continued and unending support. You have truly helped me get +to where I am and I just want to say that no matter what happens, I‟ll have no regret. You have +entertained me during dark times in my life and quite possibly saved me. You guys never failed to make +me laugh with your puns, memes and other and for this, I especially thank you – especially those who +were generous enough to become my patrons or get me reddit gold. +One final thing. I don‟t know if God exists. I won‟t pretend that I suddenly believe in Him (or Her), like +so many do in their time of need, but if you do exist God: please, please, please, please, please help me. I +have never been lucky in this life and you have thrown many obstacles in my way, but if you help me +here, everything is forgiven. It‟s not that hard to break that $100 floor and once that happens, it‟s game +over – I‟m rich. I know the earnings are going to suck. Don‟t let big banks screw me once again. +If I do win, here is my promise: +1) I WILL repay all my debts, in full, immediately. +2) I WILL place half the money in a long-term fund that pays 4-5% per year. Banks, Telecoms, Pipelines, +etc. +3) I WILL use a quarter of the money to buy a house and plenty of nice things. +4) I WILL use the last quarter of the money to travel the world, enjoying life. +5) I SWEAR ON EVERYTHING THAT I AM AND EVERYTHING THAT I HAVE THAT I WILL +NEVER, EVER, EVER TRADE AGAIN. +In therapy, I was told that the most important thing was being honest with yourself. I‟ll be honest with +yourself and also myself: I‟m not a good trader. I‟m so tired of losing. I wasted two years of my life on +60 +All rights reserved – www.FSComeau.com +this bullshit. No matter what happens, this is my last trade. After that, I am moving on and never, ever +even thinking about finance or stock ever again. Two years of perpetually losing money are enough for +me. But recently, I have been on a hot streak (100% success recently) and I just need the streak to last +one. last. time. +Verdict: Massively short AAPL through earnings. +AS LONG AS APPLE DOESN‟T GO UP, I DO NOT LOSE MONEY. GLTA. +QUICK UPDATE 1/27/2017 2:56PM +UPDATE Original post forgot to mention all WSBers will receive a free can of maple syrup OR a pack of +maple sugar if I make at least $1,000,000 from this trade. Yes, this is for real. I called in for a quote and it +will cost me $65k-$85k to ship it all at a discount, assuming all US and CAN addresses. Other shippers +might be cheaper, I guess I'll see. DISCLAIMER: Limited to the first 10,000 posters, reserved to people +who made at least one post/comment on /r/wallstreetbets before today. Mods get priority. Check my +Youtube video on it for details. +Quick update for those who asked (damn you, reddit formatting system! I'd short you if you had earnings +coming!) http://i.imgur.com/d0K2w9p.png +I am up by quite a bit, but commissiosn rekt me. Still, AAPL has begun its long decent into irrelevance. +Should be red every day now for a little while, as is the case every earnings season in the last 5 years. +Also, at the time of posting this, this post had a score of 666. Coincidence? +For those who asked, yes, I am serious. Some people have written to me trying to change my mind. I want +to say that I appreciate your concerns, advice and help, but that I am 100% dead serious about this. I have +spent a lot of time considering and analysing this and this is what I want to do; I have made my mind and +that nothing you can say or do will change it. Please do not write me telling me to stop this, I am stressed +enough as it is, believe me. I am holding this position through earnings and I am not going to change my +mind. I am "pretty damn sure" AAPL will crash massively following earnings and this is what I want to +do. Thank you. +Also, MODS=GODS. +Update #2: Quick explanation to visitors of /r/all who don't get what's going on. +61 +All rights reserved – www.FSComeau.com +Okay, so you have a stock. A stock is a portion of a company. If company ABC emitted 100 shares and +you had 10 shares, then you own 10% of ABC. +You can buy and sell shares. If you buy a share and it goes up - because other people are willing to pay +more for it - then you make money. If it goes down, you lose money. A stock will go up depending on +what people are ready to pay for it, but generally speaking, a good earnings report will kick the stock up. +Netflix reported good earnings, for instance, and the stock jumped 8% +In addition to stocks, you can also trade what is called options. An option gives you the option to buy or +sell the stock at a later times. There are two popular kind of options: calls and puts. +A call gives you the RIGHT, but not the obligation, to buy the stock at a fixed priced in the future with an +expiration date. The option stops existing after the expiration date (we say it is "settled"). For instance, +Apple is currently at $122. A call with a strike of $120, expiring on February 17th, 2017, would give you +the right to buy AAPL (Apple's stock ticker) for the price of $120 at any time until February 17th, 2017. +If AAPL crashes to $115 tomorrow, you are not going to "exercise" your call. Why would you buy it for +$120 with your call when you can buy it on the open market for less? Similarly, if Apple goes up to $130, +then you would be able to buy it for $120 using your call and resell it for $130 immediately. +A put is the opposite of a call: it gives you the right to SELL at a fixed price. For instance, I bought $120 +puts expiring on February 17th, 2017. This gives me the right the sell Apple for $120 at any time until +February 17th, 2017. Apple currently trades for $122, so I am not going to exercise my puts and sell them +for $120 since I can sell them on the general market for $120. +To be noted: you do not need to hold the shares to buy a put. If I exercised my puts today, I would end up +with a negative amount of shares of AAPL, which is called shorting (another topic). +I sold calls, meaning that I gave someone the right to BUY Apple shares from me at the price of $120. +Once again, I do not need to own shares to sell a call: if the guy exercised the call, I would end up with a +negative amount of shares. +Since AAPL is currently at $122, why doesn't he exercise his call right now, i.e. buying it from me at +$120 and selling immediately at $122? Because it can be shown (proved mathematically) that it is never +optimals to exercice a call nor a put before the expiration date, that is, February 17th, 2017. +Now, why would I give someone the right to do that? Because I get paid for it. An option has a premium, +which is the price you pay for that "right" (but, again, not the obligation). In other words, if AAPL was to +close under $120 on February 17th, 2017, I would get to keep the entire premium the guy paid me and he +would have nothing. +62 +All rights reserved – www.FSComeau.com +So my trade is as follows: I sold a mass amount of $120 calls. If AAPL crashes, those calls will not be +exerciced and I get to keep the entire premium. +Using that premium, I bought a mass amount of puts (remember, right to sell). This means that if AAPL +crashes, I get to exercice my puts and earn a lot of money. For instance, I have $120 puts that I paid $1.68 +for; if AAPL dips to $110, I would earn $10-$1.68=$8.32. +Because I sold calls and used the money to buy puts, this trade has not cost me a penny. If AAPL crashes, +I could earn a lot. For instance, if it crashes at $80, I would earn $120-$80=$40 on my $120 strike put. +Each contract is for 100 stocks and I have 150 contract, so I would earn 15010040=$600,000. In other +words, if I am right and AAPL crashes after announcing its earnings, on January 31th at 4:00PM, I stand +to make a massive amount of money. +I also bought puts with a strike of $115, $110, $105 and $100. So if Apple dipped to $95, all my puts +would pay me ($120-$95, $115-$95, etc.). The more Apple crashes, the more I make. Ideally, AAPL +would go to $0 and I would earn the maximum amount ($120-$0, $115-$0, etc.) +Of course, you aren't forced to exercise your puts and you can resell them at any time. The price of the put +will go up as AAPL goes down. So if AAPL opens at $99, the $100 put would be worth $1-$5. The exact value depends on complicated mathematics and, overall, how much people are ready to pay for it. + +And that's it. Hope it cleared things up a bit! See, options aren't hard =) + +I've been noticing posts that read as if the NFT is definitely what is coming. I think people get caught up in our awesome apeness and forget that behind it all is a real company, selling real products, to not just apes but non-apes too. + +Normally, when I see stuff like this that I don't agree with (like some of the twitter tinfoil hats), I don't say anything. But I feel this is setting people up for disappointment. + +My speculation is that the NFT has something to do with changing the gaming marketplace. They are talking about making some huge changes, and as a company, I don't think an NFT dividend is groundbreaking for gamers. It would absolutely be groundbreaking for shareholders, but my argument is that what's coming is all customers. + +Now, that said, I want to make something clear. RC has two high priorities - delighting customers, and doing right by shareholders (paraphrasing). I am confident he has something up his sleeve for us smooth brained primates. But I just don't see this big announcment coming in Q4 being a NFT divident. + +Downvote away, but I would love to have actual discussion, too. + +Edit: Apparently this is not an unpopular opinion! Can't change the title though +So when I was 20 I organised to get a car loan for a car that I thought I could afford, the bank said yes and offered me a secured loan. I forget the exact terminology but it was the type of loan that even if things went bad in my life and I ended up needing to declare bankruptcy, that I’d still have to pay it back. I was fine with this because I’d never had trouble paying anything back and found it fairly easy. I was working full time and living at home. I had no real thoughts about what could go wrong to make it so that I’d struggle to pay it off. + +Fast forward a few years and I’ve moved out with my (now ex) wife. Things turned to shit and long story short they repossessed the car. I’ve been paying it back slowly every since (very slowly) and figured I’d end up paying it off one day and fix my credit. + +The bank called me yesterday and said that due to the royal commission into loans that they would be wiping the debt and paying me back any money I’d paid since it defaulted with interest. To say I was amazed is cutting it short. It’s been hanging over my head for 12 years. I had fixed everything else on my credit file apart from that and have learnt some valuable lessons about borrowing. + +I hope if anyone else has a similar situation, that something similar happens for them. +Basically the title, just trying to wrap my head around the choice in Citigroup. I know it's trading absurdly below book, everyone knows this. But management and overall Citigroup culture has been systemically toxic and terrible for a long-time. Is it really just as simple as Buffet has confidence in Jane Fraser to turnaround this horribly run company? +I have a couple that I really like and are easy enough for a simpleton like myself to understand: + +US railroads: The major class A railroads in the US own the tracks that they run on. Oftentimes there is only 1 company that owns the tracks on a route. It is impossibly expensive to buy up new land and build new tracks, so each railroad has a monopoly in its territory. Also, rail is an order of magnitude cheaper than transporting via truck and this difference is magnified over very long routes (ie from the interior of the US), so other forms of transport cannot compete on price. Investors in railroads have made a killing in the last 40 years because of these regional monopolies in which they operate. + +Another moat I love is billboard advertising. In a lot of locations in the US local law/permitting makes it very difficult to construct a new billboard. So, if you own all the billboards in a certain town/area, then you can 100% control the billboard advertising market as there are near impossible barriers to entry for competitors. + +Let me know your favorite moats. +Lets assume we have all the capital required to do this. + +What is the step-by-step process for doing so? What bureaucratic checks do you need, who do you register with, do you need a license? etc... +Hi guys. I've been a subscriber and lurker here for over 5 years and one of my favorite things to read are the "how you got to where you are" stories. I told myself that once I hit $300k, I'd tell the first \~5 years of my FIRE story. I hate lack of transparency and ambiguity, so I'll try to be as open as I can. I tried to include everything that I would want to know if I was reading someone else's post. Feel free to ask me any questions. + +**There is a TLDR at the bottom of this post. You probably want to read that first to see if you're interested before investing your time in conquering this wall of text.** + +**Also, you can skip the wall of text below about my childhood/college/relationship stuff if you're just interested in the "numbers". I just wanted to include this background to provide context and credibility.** + +* **Age:** Current age is 26. Discovered FIRE via MMM in October 2012 at the age of 19. It blew my mind. +* **Childhood:** I come from a rural, solidly middle-class background. I owe all my success with my academics, career, and finances to my parents. My dad is a mechanic and my mom is a nurse. Both are very frugal and they passed that down to me. They are natural savers and maxxed out their 401(k)s and IRAs every year on their modest incomes. We never had the "nicest" things growing up, but they gave me an amazing childhood. They also valued "experiences" more than "things", so we would grow up going on trips to Washington DC, NYC, Philadelphia, San Francisco, etc. instead of buying me the latest video game console or Abercromie clothes. They also pushed upon me the value of education. They had high academic expectations for me and I was always at the top of the class because of it. #thanksmomanddad +* **College Years:** I received a bachelors in business from a top public in-state university. I was in-state, so it was already a great value, but I was also very fortunate to receive a full-ride academic scholarship from the university. In high school I was valedictorian. I also had good test scores and very good extracurriculars. My parents saved about $20k for me to go to college in a 529 plan. They gave $10k of that to my sister since she didn't receive any scholarships and gave me the other $10k as a college graduation gift. This is the only "windfall" that I've ever received (other than my scholarships). I also received another \~$1,000 a year from a couple other small scholarships that I won. Those scholarships obviously covered my tuition and books, but I still worked a few jobs in college to pay for living expenses and save the extra. My last 3 years of college I was an RA for campus housing. The way this worked was that I lived in the dorm with freshman students as a student leader and in return I got my dorm housing and meal plan paid for. Since I already had a full scholarship, I essentially got to "bank" this money (roughly $4k a semester) for 8 semesters. Starting my 2nd year of college I also got a job working 10 hours per week at a local law office making $10 per hour. I did this job for about 2 years. After my 2nd year I got a summer internship working for a local Fortune 500 company making $19 per hour. I worked this job all summer and then convinced them to let me stay on part time working 20 hours per week for my entire 3rd year of college. So my 3rd year of college I worked as an RA in student housing (very little "work"), at the law firm 10 hours per week, at the Fortune 500 20 hours per week, and took a full course load (\~15 credits). This was the first time in my life that I really started making money and was getting addicted to making money and saving money. At the end of my 3rd year of college I left my corporate internship and got a different summer internship at a different local Fortune 500 company making $29 per hour. I quit working at the law office around this time, but was still an RA. I worked this internship all summer and at the end of the summer I received a full-time job offer to work for this company once I graduated the next May. I really liked this company and this industry so I accepted the offer. I also convinced them to let me stay on part-time working 30 hours per week while I finished my last year of college. My senior year I was only working this internship and my RA job while taking a full course load. This only worked because I would work from \~7am-1pm every day because I scheduled my classes so that they were all in the afternoon. Because of all these jobs and the scholarships, I graduated with no student debt and was able to save \~$60k after my other expenses. I maxed out my Roth IRA my last 3 years of college and also put some extra money in a taxable account. The rest I saved in cash. I didn't graduate with a perfect GPA, but it was still above a 3.50. +* **Relationship:** The most important part of my life is my SO. We went to high school together and college together. We've been dating for 9 years. She is (now) very frugal and a great saver. She comes from a low-income household and received a few grants and scholarships every year, which paid for most of her college. The other half was paid from her working a co-op ($16/hr), summer internship ($18/hr), and part-time job on campus ($8/hr). She graduated with no debt, an engineering degree, and $20k saved up. We've lived together for the past 4 years (splitting rent!) and are getting married in a couple months. Since this is a financial subreddit, I'll just go ahead and tell you that our wedding will cost $9k-11k. All of the numbers below about my budget/income/savings do not include her numbers. We split everything 50/50 even though my income is a little higher. She is dead-set on the path to FIRE (after a couple years of brainwashing ;D) and she has a similar budget. She just crossed over the $100k net worth milestone last week, so together we're right at $400k net worth. +* **Income:** I graduated college at age 22. First full-time job was making $55k. Now I make $82k at age 26. I'm a typical "financial analyst/project manager" for a Fortune 500. It's a pretty low-stress, 40 hour per week job, with 10-20% travel to support clients. If I had never negotiated twice for more money, I'd be at \~$68k right now instead of $82k. I'm still at the same company that I started at and not necessarily looking to change anytime soon. I really love my team, boss, work-life balance, and the work that I do. I also live less than 1 mile from my office, so I walk to work everyday. +* **Home:** We live in a lower-cost-of-living city in the south (not the crazy HCOL areas like NYC or SF). Our rent for the first two years out of college was $1,500 per month ($750 each) for a 1-bedroom apartment in the nicest area of the city (and walkable to my office). About 1.5 years ago we bought a 435 square-foot, 1-bedroom condo in the nicest part of the city for \~$125k. We did this as a way to maximize the efficiency of our monthly budget, not necessarily as a long-term investment. We plan on living here for at least the next 5 years (we want to have kids in our early 30s), then keep it as an investment property. After living here for 1.5 years we absolutely love it. It seems "too good to be true". +* **Monthly Budget:** $821 + * Mortgage/Property Taxes/HOA/Home Owners Insurance: $361 (my half) + * Utilities: $50 (my half) + * Phone: $24 (Republic Wireless 1 gb plan) + * Internet: $25 (Google Fiber, my half) + * Food/Dining/Groceries: $100 (my half. Since it has been a common question, take a look at my replies to several comments below to see a deeper explanation on how we only spend $200/month for 2 people. TLDR: Shop at Aldi and Kroger, always buy generic, eat out less than once per month, cook every meal, and bring lunches to work everyday). + * Car Insurance: $61 (2004 Scion xB with 180k miles that I bought for $4k in 2015. This will go up because I want to start paying for umbrella insurance soon...) + * Gas: $0 (I walk to work, rarely drive, and when I do, its normally for my job and I get my miles reimbursed). + * Vacation: $100 (carries over if we don't use it) + * Fun Money: $100 (my catch-all category if it doesn't fit in a category above: video games, concerts, movies, Amazon Prime, Netflix, extra vacation money if we go over, etc.) +* **Debt:** Our only debt is our $98k mortgage. +* **Net Worth:** $300k + * I have 11k in cash in an Ally savings account, $251k in index funds with Vanguard ($124k in my 401k, $54k in my Roth IRA, and $73k in my taxable account), $38k in home equity. + * Here's the Mint breakdown: [https://imgur.com/bFV0gEx](https://imgur.com/bFV0gEx) + * Here's a Mint graph of my net worth over time (going back to my 2nd year of college when I first learned about the concept of FIRE from MMM): [https://imgur.com/GvsF7vM](https://imgur.com/GvsF7vM). + * Age 20: $1k + * Age 21: $20k + * Age 22: $61k + * Age 23: $84k + * Age 24: $161k + * Age 25: $213k + * Age 26: $300k +* **Savings Rate:** My savings rate has been between 70-85% pretty much every year since college. I don't have an ultra-high income, but I do have pretty ultra-low expenses. My SO's savings rate is around 50-65% because her income is a little lower and expenses are a tad higher. +* **FIRE Goal:** $1.5-2.0 million. Right now our expenses are very low, but we expect them to rise in 5 years when we have kids and move into a larger house in a good school district. We hope to hit this amount by age 35-40, but we'll just have to wait and see what happens. +* **Post-FIRE Aspirations:** I've always dreamed of being a high school US History teacher. I'd like to at least try it once to see how I like it. Since I'm FIRE I could easily quit If I don't like it. I've also always dreamed of being some kind of not-for-profit financial adviser for the "Average Joe" American. More of a "financial coach" where I could help people everyday with the basics (budgeting, index investing, etc.). Never sell any products. Just share my story and try to inspire people to make positive change. And most of all, I want to be a great dad. One of the biggest drivers of our FIRE goal is to be very close to FIRE by the time we have kids in our early-mid 30s. I just want to be a part of my child's life every step of the way and just be "there" the way my parents were for me. And of course I have a ton of "bucket list" items that I'd love to try out (thru-hike the Appalachian Trail, thru-hike the John Muir Trail, thru-hike the Vermont Long Trail, summit Kilimanjaro, build a camper-van and road trip to all the National Parks again, etc.). +* **My Advantages:** Amazing parents who taught me the importance of education, frugality, and having a good head on my shoulders; a frugal & fulfilling childhood that showed me what's most important in life; being born in the U-S-of-A baby!; a full academic scholarship to college; a SO who shares my values and aggressive FIRE goals; the 2013-2019 bull market; supportive friends; learning about FIRE at such a young age; and many, many more things. +* **General Habits Worth Mentioning:** + * I've maxxed out my 401(k), Roth IRA, and HSA every year since starting work, plus invested the excess in a taxable account. + * I've never invested in bitcoin or anything like that, just boring old Vanguard index funds. Vanguard is showing my personal rate of return since 2013 as exactly 10.0%, which is only slightly better than the S&P 500 during that time. + * We love to travel. We go on 3-5 trips per year to National Parks, European cities, etc. that we fund via "credit card travel hacking" courtesy of /r/churning. + * Unlike a lot of people on this sub, we've introduced the idea of FIRE to most of our close friends. Our parents, siblings, and close family also know our FIRE goals, but we set clear boundaries. My family is very understanding (my parents are basically FIRE-ing next year at age 53). Her family still thinks we're a little crazy. We're pretty open about our journey and try to help others if they are interested. Because of this, our 10-20 closest friends are all into FIRE as well. We hang out with friends 2-3 nights per week, but instead of "going out for drinks" (we don't drink alcohol anyways...) we go over to each other's homes for home-cooked dinners, board games, and video games. I say this because we have a good social network, but don't have to spend a ton. Having a like-minded SO and like-minded friends have been two of the most important contributors to my happiness and high savings rate. + * Saving this much and maintaining a 70%+ savings rate hasn't been "hard" for me. I don't have to try very hard to accomplish these goals - it's just who I am. I'm a natural saver. Saving EXCITES me. I don't feel like I make any sacrifices in my life to meet these goals. I buy everything that I want...I just find that I don't "want" a lot of the typical things that other people "want" (luxury cars, eating out, 5-star hotels, brand-name clothes, $30k wedding, huge home, etc.).......And the best part is that I can't believe that I found a SO who is arguably more frugal that I am. + +EDITS: 1) Added a little more explanation in the budget section about spendng $200/month on food for 2 people since that has been a recurring question. 2) Added a section on my post-FIRE aspirations since that was another question that people kept asking. + +**TLDR: Hit $300k net worth at age 26. Frugal, middle-class upbringing. Got a full scholarship to top in-state university. Worked 2-3 jobs every week while attending college to pay for living expenses and saved the rest. Got degree in business. Graduated with no debt and $60k saved up. Parents gave me $10k as a graduation gift. Made $55k/year at my first full-time job after college. 4 years later I currently make $82k at the same company. My monthly budget is \~$820/month. I have been dating my SO for 9 years, living with her for 4 years, and I'm getting married to her in a couple months. She's dead-set on the FIRE path as well. #blessed** +WSJ + +https://www.google.co.uk/amp/s/www.wsj.com/amp/articles/goldman-sachs-explores-a-new-world-trading-bitcoin-1506959128 + +Goldman Sachs Group Inc. GS 0.80% is weighing a new trading operation dedicated to bitcoin and other digital currencies, the first blue-chip Wall Street firm preparing to deal directly in this burgeoning yet controversial market, according to people familiar with the matter. +Goldman’s effort is in its early stages and may not proceed, the people said. The firm’s interest, though, could boost bitcoin’s standing among investors and fuel the debate around digital currencies, which were initially viewed as havens for illicit activity but are pushing further into the mainstream investment world. + +China in recent weeks has banned exchanges that trade bitcoin, fearing the virtual currency could provide an avenue for capital flight. J.P. Morgan Chase & Co. Chief Executive James Dimon, whose bank is the largest dealer in global currencies, last month called bitcoin a “fraud” and said he would fire any employee who traded it. + +Yet Japan’s government has embraced bitcoin, creating regulations to legitimize its trading. India and Sweden have mused about creating their own virtual currencies, and the U.S. Federal Reserve has studied both bitcoin and the technology underpinning it. + + +“In response to client interest in digital currencies we are exploring how best to serve them in this space,” a Goldman spokeswoman said. + +Bitcoin is a digital currency that runs on a decentralized network of computers, rather than a centralized ledger under the control of a central bank or government. Users can exchange value directly, without a middleman such as a bank. + +Big banks, including J.P. Morgan and Goldman, have dabbled in the technology behind bitcoin, known as blockchain, and opined on its potential to reshape industries. But they have been wary of venturing directly into a market whose early enthusiasts included anarchists and drug dealers. + +As digital coins proliferate and draw interest from professional investors, though, they become harder for Wall Street trading desks to ignore. + +Bitcoin’s price has soared this year, from $969 to more than $5,000 last month before pulling back. Ethereum, a rival, traded as high as $400 after ending 2016 at $8. In all, nearly $150 billion worth of digital currencies are in circulation. + +Goldman’s seeks to serve a growing cadre of institutional investors wagering on bitcoin. Its effort could eventually entail a team of traders and salespeople making markets in bitcoins much as they do Japanese yen or shares of Apple Inc. +Keeping abreast of the day-to-day cryptocurrency market could also position Goldman to capitalize on further development of this market. Digital-currency proponents envision a world where coins will be widely accepted by online retailers and companies will use the tokens for cross-border commerce. + +Already, cryptocurrencies are infringing on some traditional banking activities. Some startup companies that historically might have hired banks to take them public are bypassing Wall Street by selling digital tokens, rather than shares, to the public. Such “initial coin offerings”raised $1.3 billion over the past three months without paying fees to underwriting banks. +Goldman’s effort involves both its currency-trading division and the bank’s strategic investment group, the people said. That suggests the firm believes bitcoin’s future is more as a payment method rather than a store of value, like gold. + +Launched in 2009, bitcoin grew as a communal software project championed by cypherpunks, who embraced its technological promise, and libertarians, who cheered its independence from government influence. In recent years, more sophisticated exchanges have cropped up to host trading, attracting professional investors. + +Some 70 hedge funds now invest in cryptocurrencies, according to Autonomous NEXT. + +Exchange-traded funds meant to track digital currencies have so far faced pushback from regulators, but they could one day give a wider base of investors a way to indirectly own bitcoin and create new opportunities for savvy traders. + +Such interest from institutional investors has propelled the bitcoin market to a size that merits banks’ attention. About $750 million worth of bitcoin trades on exchanges every day, on par with the daily trading volume of shares of Caterpillar Inc., the equipment maker. +Already, a handful of nonbank finance firms, such as DRW Holdings LLC’s Cumberland Mining and Genesis Global Trading Inc., broker bitcoin trades for institutional investors that want to buy or sell larger amounts than exchanges could handle. + +That is a role that banks could easily step into. Wall Street firms also offer leverage to juice trading returns, and hold assets on clients’ behalf. So far, though, none of the big banks has dealt directly in bitcoin. + +For starters, bitcoin is highly volatile. After doubling in price between July and early September, bitcoin lost 35% of its value in two weeks. That exposes dealers to the risk of big, quick losses. +But it also offers an opportunity for quick-footed traders to profit by anticipating price moves and facilitating panicked trading. Volatility has been sorely missing lately in traditional markets, leading to a slump in banks’ trading revenues. + +Goldman, once known as the nimblest trader on Wall Street, has struggled more than peers. Revenue in its fixed-income division fell 21% from last year through June, dragged down by poor performance in commodities and currencies. +Already, some of the infrastructure for trading bitcoin is cropping up. The Commodity Futures Trading Commission this summer approved the first derivatives exchange for cryptocurrencies. LedgerX, founded by two former Goldman traders, will clear options and futures that would allow dealers to protect themselves from dramatic price swings and lock in profits. + +Many prominent financiers, including Mr. Dimon, believe central banks such as the Federal Reserve will move to shut down digital currencies before they go mainstream enough to rival government-backed notes. + +Morgan Stanley Chief Executive James Gorman recently took a nuanced view. He said bitcoin is “obviously highly speculative, but it’s not inherently bad.” + +The core purpose of this post is to show you a bit of how clearing agencies have been influencing SEC rules to maintain independence and avoid responsibility for risk/liquidity/etc. Better Markets, an OG retail group, also makes an appearance. + +I'm diving into this myself and won't stop but also, apes together strong. This is a collection of links for apes that want to get into it. My own material will be coming out as I complete the work. + +So let's get to it. + +#TLDR + +Back in 2014-2016, the SEC proposed and passed a set of standards for how clearing agencies should conduct themselves. This core ruleset is what is being modified now. Some things proposed at the time, eg independent directors by Better Markets, are being proposed again now. In 2014, the clearing agencies worked/lobbied HARD to water down the rules/regulations as much as possible so they could self-regulate without actually having responsibilities. It worked. We need to ensure that does not happen again. + +# The Core Resources + +RULE FACT SHEET: [https://www.sec.gov/files/34-95431-fact-sheet\_0.pdf](https://www.sec.gov/files/34-95431-fact-sheet_0.pdf) + +RULE TEXT: [https://www.sec.gov/rules/proposed/2022/34-95431.pdf](https://www.sec.gov/rules/proposed/2022/34-95431.pdf) + +SUBMIT COMMENTS: https://www.sec.gov/cgi-bin/ruling-comments + +Go here: https://www.sec.gov/rules/proposed.shtml + +Look under “Clearing Agency Governance and Conflicts of Interest” + +Click “Submit comments on S7-05-15” + +The SEC's bizarrely convenient collection of everything clearing agency related (no really check it out): [https://www.sec.gov/tm/clearing-agencies](https://www.sec.gov/tm/clearing-agencies) + +# Hester Be Mad + +After the above, the next thing I found was Hester Peirce being mad about this rule: [https://www.sec.gov/news/statement/peirce-statement-clearing-agency-governance-and-conflicts-interest-080822](https://www.sec.gov/news/statement/peirce-statement-clearing-agency-governance-and-conflicts-interest-080822#_ftn5) + +&#x200B; + +https://preview.redd.it/fp4g1a6nd9h91.png?width=664&format=png&auto=webp&s=9403e95ed1e73d5b42ac670ab579e8b7d25b692a + +In her dissenting statement, Hester says this: *First, in 2016, when the Commission finalized rules establishing standards for a subset of clearing agencies, it expressly rejected the suggestion from several commenters that it impose a director independence requirement.* + +So I'm like OK, let's see who was on our side and let's also see what the lobbyists were saying back then. + +Turns out, the rule she's talking about is the rule that set the standards for what a clearing agency is and does! + +I found this archived comment list: [https://www.sec.gov/comments/s7-03-14/s70314.shtml](https://www.sec.gov/comments/s7-03-14/s70314.shtml) + +You may recognize a few names... + +https://preview.redd.it/d88o0ezrd9h91.png?width=719&format=png&auto=webp&s=fabca478e002b365d8c32f45eb7e53419badc5f5 + +&#x200B; + +# "Standards for Covered Clearing Agencies": How Clearing Agencies Lobbied for their Own Rules + +This is the rule: [https://www.sec.gov/rules/final/2016/34-78961.pdf](https://www.sec.gov/rules/final/2016/34-78961.pdf) + +The comment list - note the cast of characters. We have MICHAEL BODSON, Dennis Kelleher, The DTCC, ICE, Occupy the SEC... spicy. Let's go. + +Turns out when Hester mentioned commenters getting denied, she was talking about Dennis "Big D" Kelleher from Better Markets!! His comment is here [https://www.sec.gov/comments/s7-03-14/s70314-19.pdf](https://www.sec.gov/comments/s7-03-14/s70314-19.pdf). In it, he asks for exactly what the SEC just proposed. DOPE. + +https://preview.redd.it/h6uadjbed9h91.png?width=870&format=png&auto=webp&s=625ab33b6a39d28d209477a730b94f3ecd4b9a1c + +MICHAEL BODSON HIMSELF commented [https://www.sec.gov/comments/s7-03-14/s70314-1594398-132354.pdf](https://www.sec.gov/comments/s7-03-14/s70314-1594398-132354.pdf) + +&#x200B; + +https://preview.redd.it/irhsh07ee9h91.png?width=881&format=png&auto=webp&s=ca33817a3c56e10d9f5b308d2ae997e5ace2b1be + +And he literally says "pls don't make us do this, just delay, pls stop". NOTE: some people have heard "submitting comments delays rules\~!!!" but that isn't true. What delays rules is shit like this: + +&#x200B; + +[LMAO](https://preview.redd.it/bfk15lyle9h91.png?width=798&format=png&auto=webp&s=19380936c21f84e80106b56d7d740932413b4f39) + +&#x200B; + +The comments also include the DTCC's opinion on the matter: [https://www.sec.gov/comments/s7-03-14/s70314-16.pdf](https://www.sec.gov/comments/s7-03-14/s70314-16.pdf). + +And they of course say "fuck off we will be self-regulating": *DTCC believes that the precise form of these written policies and procedures should be a matter for the clearing agency to determine...* + +(pg 12) + +https://preview.redd.it/fr85xziwf9h91.png?width=779&format=png&auto=webp&s=03310c047d2e80844e02a88e71927c0f2a8ce615 + +But also, sure enough, we find the DTCC working to change the rule to avoid responsibility for its clusterfucks. + +Juicy quote: + +(pg 7) + +https://preview.redd.it/kdgp4br6e9h91.png?width=765&format=png&auto=webp&s=f801a45ce7c9b2a12c87425cd86151440afc9ee0 + +talk about denying responsibility. They go on: + +(pg 8) + +https://preview.redd.it/sfqq6w81e9h91.png?width=759&format=png&auto=webp&s=0299b52fa43ce27d6e91ed9dd0cc20b00a6a9c45 + +Their commentary is full of this stuff. They water the rule down HARD. And they'll try again. And this is just one commenter!!! + +ICE, owned by the CEO of the NYSE, is also all up in it. Check it out yourself, the gang's all there. Even Fidelity: [https://www.sec.gov/comments/s7-03-14/s70314-23.pdf](https://www.sec.gov/comments/s7-03-14/s70314-23.pdf) + +# What Now? + +I get back to work. Maybe you jump in too, because this new proposed rule is going to be a fucking battleground for clearing agencies. They are going to fight tooth and nail to avoid responsibility... what do YOU want? Happy hunting :) + +# Commenting on the Rule + +If you would like to comment on the rule now: + +Go here: https://www.sec.gov/rules/proposed.shtml + +Look under “Clearing Agency Governance and Conflicts of Interest” + +Click “Submit comments on S7-05-15” +https://www.youtube.com/watch?v=rgyYFQmdRyY + +This is of course assuming you know what you are doing, and still follow the value-based investment approach, but this is in contrary to most investment advice I've seen on reddit, which generally encourages buying index funds to reduce risk. What do you think? + +EDIT: Oops, just realized I misspelled his name, maybe I'm getting hungry. +Fatfire members, how do/did you keep from feeling like every service worker is robbing you when they come to your house and see how you're living? Yes, we do our due diligence, read reviews and ask for references but whenever I get the invoice and it's higher than the estimate, I feel robbed. + +I hope it makes sense. This isn't about being cheap. This is trying to understand if you have experienced prices going up based on where you live? Final invoices being higher? How have you dealt with it as your NW has gone up? +I will start first: + +&#x200B; + +* Indicators works +* Price action works +* Dont trust the social media +* You will need more time than you think to master this bussiness +* Those who started with you are not trading now +* No, sorry for telling you this but Smart Money Concepts are not the holly grail (but if it works with you, congratulations) +* The majority of real traders dont post, but they usually reply to your messages if you ask for help +* There are things that works better than only price action things like VSA, OrderFlow, Sentiment, Microstructure, Deltas, level II orderbooks, etc... but to find good information about that its harder because all the noise in this industry. + +&#x200B; + +I know that many things remained unspoken and I want to read you guys! +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 do they punish you for paying off debt? It makes no sense. + + + + +Edit: The reason I am upset is because I was planning on using my newly improved and raised credit score to get a balance transfer card for my 5th credit card. +Hi all, I have inclination to move my ass out of the UK for personal reasons as well as political nonsense. I currently live and work in London, earning 65K/GBP a year as a developer. + +I have an active wish to own a flat and basically decided that London is impossible, Brexit or not. The prices are too damn high. I have a possibility to work remotely in cheaper UK cities while earning London money but it is not guaranteed to continue due to hopefully corona blowing over next year. If I was required to work from London to justify its wage, I'd be forced to resign if I were to buy in the UK. + +Overall, I am eyeing a few countries in Europe: Switzerland (due to its high wages and low taxes), Baltic states (good CoL and ok pay for developers), Spain (still expensive but can work from there legally due to company's presence in Spain). + +I also am looking to move around 50K GBP to euros or CHF. Wondering if people managed to do that without too many questions from Euro-country banks. I basically think GBP will slide further with no deal on the horizon and am aware I am taking gambling on this to happen. + +Any successful movers here from the UK to mainland Europe? Did you move your money with you? + +EDIT: I got EU passport, and am not UK national +Hoping someone can shed some light on this for me. I’ve never been self employed or worked anything other than as a w-2 employee. But recently I applied for a 1099 contractor role that makes me a little nervous. I think I would need to set aside probably 30% of my income for quarterly taxes and whatnot. I also don’t expect to have many deductions to write off. + +The thing about this role is that they only offer 20-30 hours a week BUT they require that I be “on call” and available during their full business hours. So while I may be able to take on a few side hustles here and there, for the most part I need to dedicate my time to being readily available for this job but only get paid for 20-30 hours worth of work. So would it make sense to set my rate higher to ensure that I take home what I need each month? Also can I ask for a 20 hour/week minimum to ensure I get paid even if I’m used for less than 20 hours a week? + +I’m trying to crunch numbers but it seems like everything is so uncertain. I also don’t want to oversell or undersell myself, but I’m not sure what a self employed executive assistant usually charges in a contracted role. Any advice? +As I feel bitter about my workplace not offering WFH options, I question why our travel expenses aren't tax deductible. More than ever I feel the cost of fuel, parking, registration, maintenance and vehicle wear & tear. + +Why is this strictly considered a "private expense"? We have means of splitting our washing expenses per load, our electricity per hour, along with deductions on other purchases used (if only in part) for work. + +Can anyone explain what I'm missing here? +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. +In our **FIRST TWO WEEKS**, $HAPPY has donated **$90,000** to different mental health organizations with no signs of stopping. If you haven’t had the chance to watch any of our live streams so far, each week our founder streams a live donation/AMA session with the organization we are donating with. + +If you want to watch them, here they are! https://www.twitch.tv/watchhappycoin + +**$HAPPY isn’t *even a month old*,** and has already made strides towards changing the lives of those in need, and bringing awareness to topics that you may not know about. Everyone has a different reason for being in crypto, whether it’s to get rich, for the technology, etc. Happy however, is one of the largest charity tokens out there that show how fundraising or donations can be raised with this new currency we have. + +Now for some **MAJOR NEWS.** + +The founder of $HAPPY coin is heading out to **Los Angeles THIS WEEK** to market happy to some **HUGE influencers.** Currently he is talking to Jesse Wellens (10Mil Subs on YT… good friends with **CASEY NEISTAT**) on how they can promote $HAPPY, and with much more in the works that is hush hush for now. + +$HAPPY has been getting listed on big exchanges (WhiteBit) with a **Certik** audit and a marketing campaign from WhiteBIT coming very soon, and so far has been holding steady above a $10mil market cap. And when the marketing in the works takes off? You will be **$HAPPY you bought so early.** + +Website: http://thehappycoin.co + +Chart: https://charts.bogged.finance/?token=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D + +PancakeSwap: https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D + +Twitter: http://twitter.com/the_happy_coin + +Telegram: http://t.me/happy_coinTG + +Twitch: https://www.twitch.tv/watchhappycoin +I work for a small business that employs around 100 people. I'd guess that maybe 10 of us are salaried and everyone else is hourly. Up until last year, I was also hourly until my boss who is also the CEO/owner told me that I would be switching to a salaried position, but to keep clocking in as usual. Nothing changed except that my checks were now always the same amount with "0" hours worked instead of 40, 41, whatever. + +A couple of weeks ago, I had a small medical emergency that informed them off, and I had to go to the doctor in the afternoon so I left early around 1PM and didn't come back that day. Our HR director emailed me today and told me that salaried employees are expected to work 40 hours and told me that I was only at 36 for that pay period. He ended the email with "What do you want to do about this?" + +So I walked over to him and told him why I was missing hours, and asked him what they end of his message meant. I asked if my boss (the owner) was trying to say that he was going to withhold money for missing those hours. The HR director said "yes". I told him that made no sense since I was salaried, and he stuttered and stammered and I told him that I will make sure I'm always hitting my 40 hours (as I have been) but that this seems ridiculous. He said that we were ok and not to worry about it. + +So my questions: Is it normal to ask salaried employees to clock in? Is it normal to then threaten to withhold pay if they don't hit 40 hours worked per week? Is it even legal for them to do that? If not, and they threaten to do it again, what should I do? + +Edit: For those who asked, I have zero interactions with outside clients. I do project management and excel work all day every day. + +Edit 2: Holy crap this thread exploded! A few answers to your guys' main questions: + +1) I was given no contract. I was sent an email telling me I was now salaried and to keep clocking in/out +2) I get 10 days of PTO, but was never instructed that I was required to work 40 hours or that I would still get Overtime +3) I work more than 40 hours plenty of time, including the week prior to this. Like I said, it is extremely rare for me to not be at work. I have called in sick three times in the last five years. + +Thanks to everyone for your advice and input, it's much appreciated. +Last year I was really depressed about turning 30 and not having did anything with my life. I fought depression and come from a very dysfunctional family. + +In Jan 2021... I took out my anger and depression out on hustling. I got out of my family's house... and moved to Toledo where the rent is $500 for a studio apartment. I had a work from home job netting $1,800 a month. I did door dash through the day which I made about $60 a day... after putting money to the side for taxes and gas, I netted $25 a day (Everyday) = $750 a month. I had a weekend job cleaning an office building, that was an extra $670 a month. After expenses, car repairs for my shitty car, rent, and credit card bills.. I was able to save $1900 a month. In addition to this, I started flipping cars.... I salvage vehicles that need just a little fixing up...and flipped them for $300 - $500 profit. Sometimes I'll flip it for just $150. Many people would say it's not worth it for the little bit of money. Salvage cars of course isn't worth what a clear title is worth, but they are still profitable and everyone views on them is different, it's a good market. However, I was picking up clear titles to from craigslist... my last pick up was a 2005 Jeep Grand Cherokee for $2,000 good shape but needed an engine and a radiator... I talked the guy down to $1,500. I found an engine for $1,100 and my mechanic instilled the engine for $450 (Freelancer). Got the car running and sold it for $4,000. I made a $950 profit. + +Honestly, the car flipping game is a good hustle, especially if you know about cars, and build relationships with mechanics. The hustle was good to me, I lost some money on a couple cars. However, I was looking for easy money! And this was that... I don't know what the future would hold if I made it into a full time thing, but I flipped 11 cars and made close to $18,000 in profit. + +I also flip items on Ebay! + +Today I peeked at my savings and it says $48,928.19. ( I have an additional $7,500 in cash that I won't touch cause this will go towards taxes.) + +Just last year I was very depressed, and was worried my life was over. + +Now I'm going to give myself another 6 months to save a second savings fund which will go towards my move to either Texas or GA! I'm looking to start some businesses, get my real estate license and finally build a life for myself. I probably won't be flipping any more cars, but I will continue to door dash and work my 9-5's... I should have about $12,000 for my move, a 724 Credit score (NO DEBT) and $50,000 in savings! And all my taxes will be paid. + +&#x200B; + +What's the next move? What to invest in? +So plenty of us talk about how to share what we have with friends and family. Many times if you try to just pay for things, or give people money they either decline, its an awkward situation, etc. Then no one wins. + +One of the best strategies we have come up with for "giving" is points. We pile up a lot of points because of our business spending...and universally we have been able to leverage that to "give' things to parents, family, and friends. Whether that's asking some friends to come on a trip that would be above their spend level where we pay for upgrades, or flights, or hotels...or when parents are traveling we will tell them we have to "unload some points" and reserve them a nicer hotel..or upgrade their flight. + +If I said "Let me pay for hotels" on a group trip they would say no. If I say "I've got these points to blow, let me use them for hotel" its an easy yes. Extension of this...same is true for gift cards. Want to buy lunch when out with friends...say "I've had this gift card laying around forever..." + +Just sharing because that strategy has worked well for us. Hope it works well for you. +Jan 17th: Why is the Market Crashing (BTC Options, Whales, Correction, FUD, Hack, Conferences)?, Maximize Profits During Bull Runs Minimize Losses During Bear Raids + +Today’s Report (17th): + +“Why is the market crashing?!” + +I’ve had this as a headline more times than I can count in the last 48hrs. The answer to this question is both short and long. The short answer is this week we’ve seen a wallet hack which always creates fear in the crypto world. The reality a 3rd party may enter what you presumed to be a safe place and remove your valuable crypto creates hysteria within the crypto community, especially for newcomers. There have been 2 FUD attacks this week, one out of China and one out of South Korea. Both have been topics of previous posts so to keep it short and sweet: FUD attacks mean a dramatic correction in the market. Almost immediately once South Korea’s was dispelled, China’s was released not allowing any market recovery time. I also discussed whale consolidation. It is easy to go on KuCoin and see the whales at play openly shifting sell and buy walls when the orders approach allowing the price to fluctuate more dramatically, while also pushing it in a specific direction. This is easily visible on KuCoin with people using 5-10BTC. That is $50,000-$100,000. These whales are playing in KuCoin’s open waters with what most of us see as a good amount of money, but to real investors it is chump change. + +This brings me to my new point for today. The December Option Contracts. + +Anyone want to guess what day those December options expire in January? January 17th. Want to guess what side the majority of hedge fund guys bet on? If you saw BTC’s chart and were in the stock/commodity industry you’d be screaming SHORT. So we have a group of multi millionaire/billionaires trying to find out a way to cash out up against a BTC that was well above their option price (last week). If you are short you hope the price will decrease, if you are long you hope the price will increase. People who shorted BTC have until today to make it crash further. Cashing in on their short position while it’s under $10k and then using their profits to buy back in and actually go long on BTC for the short term because they know they just intentionally crashed the market and with a negative correction comes a positive one eventually. + +We, even I, am a Plankton compared to the whales and sharks trading BTC futures on the CBOE and CME. I can try to predict market functions based on graphs and trends. I can attempt to find undervalued assets in a market full of scams and billion dollar coins. What I cannot do is control whales and sharks with 1000x the money I am investing openly manipulating the crypto markets the day options expire. People have been asking when will this market correction occur? The honest answer is no one knows. The reality is that we have conferences starting tomorrow, literally tomorrow. These continue through the weekend and continue through March. If I were a betting man, which I am, I would say the correction begins sometime tonight after option expiration or tomorrow pre-conference. This will lead into a bull run which will draw many new investors into the market similarly to what happened pre-Thanksgiving and the bull run we all experienced until just now. + +BTC has had 5 price corrections since 2015. I’d include the graph/chart but it won’t let me, so I will try to explain it to you. The total negative correction period was between 5 and 35 days for all 5 events. That means as we are approaching 1 month in BTC’s price correction since it hit almost 20k we are about at the end of the statistical period BTC takes to correct. Each one of these corrections BTC saw a loss in value between 30% and 50%. The current correction we are in places BTC at almost a 50% loss. So we are at the parameters for length of time to correct, and correction amount. The final question, following these prior 4 corrections, how long did it take to attain a new ATH? How long will it be before my portfolio makes me look rich again!? The period for the past events was 8-55 days. Considering thus far BTC has mimicked all its trends to date, I expect it to take 8-55 days before we have a full recovery to a new ATH. Personally I expect it to be on the lower end of that range as I see the entire sector having exponentially more media exposure the next 3 months which should dramatically increase the value of BTC and alts. As the world is exposed and re-exposed to crypto the bull run should build steam. My prediction (that is all it is, a prediction) would be it takes approximately 3-4 weeks to reach a new ATH for BTC. With the $1 trillion market cap (for all of crypto) mark pierced long before May. + +I’ve lost close to 30% this week. Most in the market lost much more than that! I highlighted opportunities like NEO, ICX and STRAT which were top gainers among many losers the past few days (even though almost everything dropped yesterday). Having a diversified portfolio between strong coins and moonshots helps weather any future storm. This has not been a fun correction for any of us. Please stop messaging me irate about market conditions. I cannot predict FUD, Hacks, or Dev team issues. I can try to predict when this turn around will occur (as early as tomorrow with option expiration and conferences starting). If you are that irate where you need to talk to someone or post a 6-page essay below feel free to call me: 800-273-8255 (Suicide Hotline). The crypto space has 50% market swings in 1 week. It also has 400% gains in following weeks. If you sell now you are giving those future gains to someone else. HOLD FAST KINGDOM. + +This concludes the educational portion of today, if you’d like a topic reported on please let me know and I’d be happy to add it this week! I usually write a Daily Crypto Report that includes 1. Lessons (similar to above), 2. Safe Picks for January), 3. Conference Plays (from the above conferences), 4. Moonshot Explanations (multiple coins up over 400% in 2 weeks), and 5. ICOs! Feel free to follow me if you’d like to see today’s full report vs. just the educational lesson portion. If you have any topics you want explored please let me know! + +(Favorites Remain ICX, STRAT, and NEO as Buy and Hold) My 3 favorite January SAFE plays remain ICX, STRAT, and NEO. NEO has more conferences than any other coin in the next 2 weeks and meetups all over Europe prior to that. NEO is the Asian Ether and should rapidly increase in value in the next 3 weeks. STRAT will remain a favorite of mine as they are launching their ICO Platform and have 2 flagship ICOs ready to be announced (they are timing the down market waiting for a correction, I guarantee it). The founder of STRAT also recently posted on his twitter regarding how exciting next week will be. The market correction is about to be over and there will be many new coins at the forefront of the financial revolution. The FUD started in South Korea and ICX crashed because of it. They still have their first HOSTED blockchain event during their mainnet release the last week of January in the tallest building in Seoul. All 3 make up a major portion of my “safe plays” for January with an expected return of 40-100%. + +Everyone is always asking about which ICOs I’m involved in and recommend. If you want to know the ICOs or need referral links for Ku or Binance PM me :) +Stocks surged to the highest levels since early March after promising early results for an experimental vaccine sparked speculation economies could snap back quickly. Crude oil advanced and yields on Treasuries rose. + +The S&P 500 jumped 3.2% after Moderna Inc. said its vaccine tests yielded signs it can create an immune-system response in the body. Companies that would benefit from a return toward more normal economic activity rallied. Carnival Corp. surged 15%, while Delta Air Lines and Live Nation Entertainment climbed more than 13%. Energy producers popped 7.5% and real-estate firms added almost 5%. + +The risk-on rally comes as more economies around the world and within the U.S. ease restrictions that created one of the steepest downturns since the Depression. Federal Reserve Chairman Jerome Powell stressed the central bank has more ammunition to combat weakness. The Stoxx Europe 600 jumped the most since March, while indexes in Japan, Hong Kong and South Korea all posted modest advances. + +“Powell addressing that the Fed is not out of ammo combined with positive vaccine trial data has set the markets off to the races,” said Matt Miskin, co-chief investment strategist at John Hancock Investment Management. “It just shows that sentiment can change so quickly in times like these.” + +Gold traded at its highest price in seven years before retreating, while West Texas oil rose above $30 a barrel for the first time in two months as producers in the U.S. and elsewhere continued to cut activity. + +While Powell said the U.S. economy’s recovery could stretch to the end of 2021, he added that policy makers are “not out of ammunition by a long shot.” Several European countries ended bans on short selling, as they continued to report the lowest number of daily deaths from the virus since March. + +“The market is very tied to measuring the success of these economic reopenings,” said Jeffrey Kleintop, chief global investment strategist for Charles Schwab & Co. “A successful vaccine would really make those reopenings very successful. The market is excited about that news although it would be a long time until the vaccine is developed.” + +Edit: forgot to add link to [source](https://www.bloomberg.com/news/articles/2020-05-17/pound-slips-asian-stock-futures-trade-mixed-markets-wrap?utm_source=url_link) +I came across various articles saying that profit margin for car companies are the highest on European sales. Why is that so? What are the relevant diffrences compered to the US or China? +Ever since last night, I've had an aching pain in my lower left abdomen. Now, Some of you have seen from my past posts that I'm not in the best health to begin with. Not that I don't try to be, but when you haven't had steady access to healthcare, you end up having to chug some pain pills down with water and call it a day. Im turning 40 next month and I'm also realizing that all those years without that healthcare are starting to catch up to me. + +My husband wants me to go to the doctor, and I told him we couldn't afford it. Of course, he has these unrealistic, but understandable expectations that people should be treated with or without money, but that's not the way our country works, unfortunately. I'm trying to get on disability, which if approved will get me qualified for Medicaid, but despite applying for the 3rd time back in June, they gave me a late November date for when they'd let me know if I'm finally approved. + +It's so frustrating to know that my worth is based on how much money I make. I'm good at things, I'm not useless. I can cook and bake, and knit. I can be a shoulder or an ear for someone, and I have talked people off from the ledge. Yet, when I'm in situations like this it doesn't matter. Anyway, thanks for listening to my rant :) + +EDITED TO ADD: Thank you everyone for the lovely comments! It truly makes me feel better to know there are kind folks out there who understand and care. +Some people say the reason for all this inflation is because of supply-chain disruptions, others say it is because we printed more money, and others say it is because of corporate greed and price gouging. + +Regardless of what the reason is, how will this all end? The cost of food, gas, and housing have gone up at a rate not seen in 40 years. The pandemic is fading away, but the war between Russia and Ukraine is still raging, which has driven up the price of a lot of things like wheat, oil, and fertilizer. + +The Bank of Canada has been raising the interest rates to combat inflation, and some say this will cause a recession. I figured this would bring down the price of a lot of things, but also cause a surge in unemployment as businesses go broke, which sounds like just as bad of an issue. + +Without being overly optimistic or pessimistic, how do you believe it will really end? Will inflation and the cost of living actually go down, or do you see this as permanent? If permanent, how do you believe the people of this country are going to respond to it? Could we be seeing massive protests in the coming times? +I am going into a high pay, high work hour job and will have close to no time to do REI on the side. Other than investing in a REIT, are there other platforms out there that allow you to build a rental portfolio 99% passively where you're still acquiring the equity in your portfolio? My thoughts on the following: + +Lending Platforms (ie. Groundfloor) - only acquire debt assets. No tax benefits like depreciation + +Roofstock - comes close but I've heard not so good reviews + +Typical PM Services - most that I've seen seem to take care of tenant-related responsibilities, but I haven't seen any that keep the property-related responsibilities passive for you (ie. Maintenance, repairs, etc) + +Are there any good turnkey rental property services out there that cover everything from sourcing to managing? +Lady ape here! + +Can someone kind enough please attach the link to the DD from last year that explained how crypto, stocks and our beloved GME would head downwards, but GME won’t crash before MOASS? I told my husband about the DD when I read it last year, and he just responded, “Okay”. Nothing else. + +Now, he’s seeing how BTC is falling and asking more questions about GME and I want show him that this community called it a while back and stays ahead of the MSM puppetry. + +🟣🚀🟣🚀🟣🚀 +I was just dumb kid in 08, but reading about the markets during that time is kinda fascinating. What was September and October like? What was going through your head at that time? +Wouldn’t a case in which there is inflation (a general increase in prices and fall in the purchasing value of money) as a result of a significant increase in oil prices which causes transportation and raw materials costs to increase (and thus the price of goods and services across the economy) be an example of inflation that isn’t tied to monetary reasons? + + +We've all bought a great company before thanks to someone online posting some great DD online and having us check it out for ourselves. That's what I'm here to do. Feel free to skip to the bullet points if you’re on a timer and just want fast data. + +Quisitive Technology Solutions Inc. is a Canada-based digital Technology consulting company. The company provides solutions that enable enterprise organizations to move and operate in the cloud as well as offering its own SaaS payment solution known as ledger pay. + +It has recently completed a $62.6m bought deal at $1.50 Cad in April which it will be used for acquisitions and working capital. It has bought 5 companies this year alone and is going to continue fueling its growth by vertically integrating cash flow positive businesses. + +Most exciting of all is quis’s new SaaS, ledger pay. Ledger pay allows merchants from gas stations, restaurants, fast food chains and any business including e-commerce to automatically enrol new customers into loyalty programs without requiring the customers to do anything on their end. + +Or as the company itself puts it, “traditional payment processing services on a modern cloud-enabled platform for a per-transaction fee that transforms a commoditized service into an entirely new source of scientifically accurate, data-driven marketing enablement.” + +Ledger Pay’s technology tracks purchases made by the customers to then offer them tailored and personalized coupons and offers that are selected by AI, allowing merchants a pathway for connecting to customers, creating a more meaningful shopping experience, and fostering long-term repeat business. + +Quis is projected to become profitable this year and hit an analysts price target of $2.36. This represents a 55% increase from the current share price of $1.49 at the time of typing this. + +And lastly, one of the most bullish things I've heard analysts say is this info which tells me there is massive news coming within this month. + +“In our opinion, the launch of LedgerPay, followed by the transition of Bankcard merchants to the LedgerPay platform, along with new merchant additions remains the key financial and valuation driver for Quisitive. To that end, the company reiterated that it expects a definitive agreement with its bank sponsor imminently, which will be followed by Visa endpoint certification. The results should be a LedgerPay commercial launch in H2 2021. - Aside from adding new merchants to the platform both for payment processing and payment intelligence, we believe the transition of Bankcard merchants to the LedgerPay payment processing platform from existing providers will be the most immediate source of margin upside (once commercial). This process is expected to take about 18 months and drive a 30%+ increase in current Bankcard EBITDA margins run-rates.” + +**How Ledger Pay Works** + +1. Identifies and captures customer based on visit behaviour, in absence of loyalty identifier +2. Uses payment data to build detailed customer profile over time +3. Performs real-time alignment of customer profiles and offers into segmented groups +4. Pushes designed offers to the customer at the point of sale in real-time +5. Measures customer response rate and offer conversion, to determine the success of each offer +6. Leverages machine learning and artificial intelligence to observe and learn from current offers to improve marketing performance + +**Statistics on quis** + +* Projected 100m+ revenue run rate for 2021 +* 20% Recurring revenues +* 40% gross margin +* 16% adjusted EBITDA +* 500 plus global customers across 4 continents +* $2.36 Average price target among 7 Analysts with a strong buy rating +* $1.49 current share price +* Market Cap $450m + +**Revenue Growth Rate** + +* 2018 - 17.19m +* 2019 - 24.06m +* 2020 - 63.33m +* 2021 - 100m+ projected revenue run rate + +**Future Potential 2021 Catalysts seen from their updated Investor Presentation** + +* Secure Bank Sponsorship +* Establish Microsoft Co-Sell Status +* Secure PCI/ISO Certifications +* Secure Visa Certification +* Scale Sales Motion for Direct Processing +* Payments Intelligence Impact Engine: AI Release +* Launch Azure Marketplace Offering and Sales Motion + +**Acquisition Deal Structure** + +* 1/3 Cash +* 1/3 Equity +* 1/3 Earnout (2-3 years) +* 7-12x TTM EBITDA + +**Risks and Things to Keep in Mind** + +* Quis has 24m in cash but 64m in long term debt, they’re gonna be profitable this year so hopefully, they start to pay down some debts or they might raise more cash +* Margins dropped to 34% last quarter but management said this would reverse and trend back into the 40’s as the recent mergers take into place +* This is a long term hold, at least 2 years but is definitely going to go up 500% within that time + +All info used found here https://www.quisitive.com/investor-relations#investorresources/ +[https://www.ft.com/content/ffa49378-f5b4-11e9-a79c-bc9acae3b654](https://www.ft.com/content/ffa49378-f5b4-11e9-a79c-bc9acae3b654) + +Represents about 30% of the current workforce. + + Mr Claure added: “But I will promise you that those that leave us will be treated with respect, +dignity and fairness. And for those that stay, we will ensure everyone is aligned and shares in +future value creation.” WeWork declined to comment. +One former employee told the FT that there was “a lot of anger” inside the company, with staff +venting their frustrations about the sums Mr Neumann stood to collect under the SoftBank deal, including a $185m “consulting fee”. + + +Many disgruntled WeWork employees hold shares in the company that were issued to them at a +value above the $19.19 a share at which SoftBank is offering to buy them in a $3bn tender. The +SoftBank offer values WeWork at about $8bn, far below its recent funding rounds including a +SoftBank-led round that valued the company at $47bn this year. + + +One person who joined WeWork more than three years ago said he received a grant of stock at the +time that was priced at $20 a share, while the thousands of people who joined in more recent years +received stock at higher valuations. +Sam sent these messages to the company slack. He states that his first priority is to make all customers whole and he plans to do that via a raise which may include FTX US as well. Fundraising options with binance have been exhausted, but Justin Sun seems interested in helping out. However from his tweets, he seems only interested in making people who own his coins(tron, btt, etc) whole. Justin Sun is also having issues of his own at the moment as his decentralized stablecoin has depegged. + +https://preview.redd.it/mz99k1kow2z91.png?width=1304&format=png&auto=webp&s=4bd6a237fc5337d3e57a3978efd3dd0e18616dfe + +https://preview.redd.it/kefczcmpw2z91.png?width=1324&format=png&auto=webp&s=ae286267a4683e2d884513ecece9a92e39f80e00 + +https://preview.redd.it/y2suhsmqw2z91.png?width=1304&format=png&auto=webp&s=6d614dc52af8a12312bfbdf93e730878b42ea22d + +These were leaked to a well known Twitter account named Cobie, by an ftx employee and confirmed by another employee. There have also been leaks that the employees had no clue what was going on as only the execs had access to the wallets and had the ability to cook the books. Many employees also have funds on FTX, so they have also been fucked by SBF. +Current Ranking (Top 10): + +1. CashApp +2. PayPal +3. Venmo +4. Zelle +5. Capital One Mobile +6. Chase Mobile +7. **GameStop Wallet** +8. Bank of America Mobile Banking +9. Chime +10. Credit Karma + +Incredible for a first day release! Pumped to see what's to come. + +https://preview.redd.it/h5qe1l8mpf1a1.png?width=750&format=png&auto=webp&s=169cd9952ddf30d10f6847430c998e06211e40c1 +Anybody notice how on coinmarketcap the total market for crypto is in the 600 billion range when about 2 days ago it was in the 700s. Is this why a lot of cryptos have crashed or is it because the Korean exchanges were removed? +Financial Times reports: [China tells citizens to stockpile food as "Covid controls are tightened"](https://www.ft.com/content/f3f0414f-97a2-4c5a-8a7d-da9e0e91d892). + +Saw this just now on belgian national media. So I went on to look for other news outlets, and lo and behold FT is reporting the same thing. + +Anyone know the latest news on Evergrande? Weren't they supposed to enter formal default this week? + +Something big is brewing guys. Hold on to your tits. + + +Edit: Guys don't focus on the Covid part, it's just part of the title. Pay attention to the fact that the government wants its citizens to stockpile food. Pretty scary if you ask me. +IG just announced that they are going into liquidation only for GME and AMC and I searched around and found Interactive Brokers have done the same. These are the two biggest platforms Australians use to trade US stocks. + +Does anyone know what we can do? I’m holding onto my positions but surely there’s something wrong going on here... +Today was a bit of a shit show for a lot of the idiots on here including myself so i figured i might give some background on my situation so some of you don’t feel so alone on your losses. I started my yolo journey by throwing 3k into the market around mid 2019. It wasn’t a lot for me but i had no idea what i was doing so it felt risky. Anyways i quickly lost half of it and proceeded to top up my brokerage account and try again over and over losing more and more. I made some small gains in the early half of 2020 but from September onwards i quickly lost all of those gains and sat at around 20% down overall at the end of 2020 with my portfolio being worth about 25k. Long story short i am now 22% down on all 7 of my holdings with my smallest percentage loss being 14% and my biggest being 44%. I have lost money on every single trade i have made since September. In truth the money i am down is not the worst part for me. It’s the slow drip over the past few months that hurts and makes every day a bit shit. I bought IXR last week and am already down 29%. Anyway i understand that i am actually an idiot and i do just have a gambling problem but i figured this may offer some consolation to someone on here. Just know you aren’t alone. I have made a promise to myself that i absolutely will not put anymore money into the market from here on out. I am also seriously considering selling off all my positions and going full recovery mode in an ETF so i can look away and have some peace of mind for a bit. So yeah thats about it. + +TLDR: DLC 🚀🚀🚀🚀 +Tesla and SpaceX CEO Elon Musk has abandoned his plans to join the board of Twitter, his social network of choice. Twitter CEO Parag Agrawal announced on Sunday that Musk remains the largest shareholder of Twitter, and the company will remain open to his input. + +https://www.cnbc.com/2022/04/11/elon-musk-decides-not-to-join-twitter-board-says-ceo-parag-agrawal.html +*Edit: Just to be clear, I am all for interviews like this ( https://www.reddit.com/r/Superstonk/comments/rytn2f/hats_off_to_rod_alzmann_cofounder_of_gmeddcom_for/ ) where interviewee (u/Uberkikz11) A) takes the interview of their own volition, B) is a serious wrinkle with a documented track record of industry success, extreme industry credibility/integrity, and can undoubtedly go toe-to-toe with **anyone** in the MSM, and can masterfully handle anything they dish out with absolute class.* + + +== == == == == == == == == == + + +Had a few thoughts I want to share after reading this post tonight: *(https://i.redd.it/7cuxsxxhnga81.png -- https://www.reddit.com/r/Superstonk/comments/rymhiu/the_smartest_move_this_subreddit_ever_made_was/)*: + +- All due respect to u/buttfarm69’s thought on this topic of MSM requests for interviews, but we absolutely should follow RC’s example all the way through MOASS: **Judge us by our actions, not our words.** (haha, bananas in the butt, sure, but you all know what I mean by our actions: BUY, DRS, HODL, DD, etc) + +- RC gave us the mother of all blueprints, and it is driving the obviously desperate MSM fucking batshit insane bc they have absolutely nothing to work with. It is so bad, the WSJ fucking LIED just so other MSM outlets could run with it as though it was legit, and the millions of normie investors never suspected a thing. + +- That is THE the way. There is no amount of *active, content-offering trolling* from apes, that could EVER be more effective than **passive, contentless, no-consent, no-endorsement, SILENT trolling** via making the dip shit MSM DO THEIR OWN FUCKING JOBS and report ONLY the facts: (https://www.reddit.com/r/Superstonk/comments/rz3v8n/touchy_arent_we/ 👈 like that 👀) + +- It’s like a fucking high profile hunger strike + a vow of silence: The longer this goes on, the more deafening the silence will become...and the volume is already at fucking 11. + +#BY SAYING JACK SHIT FOR A WHOLE YEAR NOW, RC, GAMESTOP, AND ALL GAMESTOP INVESTORS HAVE FORCED THE DESPERATE MSM INTO A CORNER WHERE THEIR ONLY FUCKING OPTION IS TO MAKE. SHIT. UP. + +#WHY? BC THEY NEED SOMETHING, ANYTHING TO CRITICIZE AS THOUGH IT CAME FROM GAMESTOP. + +#AND WHEN GME DOES TAKE OFF, THEY’LL CLAIM THEY ALREADY TALKED ABOUT THE REASON FOR YESTERDAY’S AH SPIKE BEING NFT/CRYPTO NEWS FROM GAMESTOP, AND THEREFORE, IT MUST BE RETAIL AL-QAEDA EXTREMISTS THAT ARE TO BLAME FOR CRASHING THE MARKETS. + +#LET THAT SINK IN. + + + +🟣🟣🟣🟣🟣🟣🟣 + +*EDIT:* + +*Don’t miss this incredibly important post: https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/* + +🟣🟣🟣🟣 + +🟣 +I reached couple of fee ONLY advisors for an initial meeting. + +Based on my discussion i noticed that they have a defined sort of a template. They have a goal based excel which essentially tells you how much money is needed to accomplish each goal. They mostly advise to invest in index funds and not actively managed funds. They also do not advise on stocks. + +In my opinion, the role of financial advisors should be to grow one’s money and actively advise investors to invest in Stocks/ mutual funds etc. + +As someone who works full time like many others i wanted someone who can read things, analyse markets for which i do not have time and advise me but the services offered by them are not worth the money i feel. +I'm based in the US. + +I recently had the fortune of changing states and I'm poor enough to quality for free insurance under this new state (which wasn't the case in my old one). I just got my card in the mail. + +It hit me holding that card that I would finally be able to properly see a dentist, get a free physical, do all this shit that I'd been avoiding for all of these years so I wouldn't fall even further into medical debt. + +Growing up poor, especially in states that essentially punish you for being so, I think you're conditioned to avoid doctors and hospitals, even if you need them, cuz the sad truth is that this country's healthcare system isn't built around what benefits the people. Now I have some unlearning to do and trust that I can walk into a sanctioned medical establishment and expect care for free or at an affordable price. No more panicking in the waiting room as I contemplate the cost-benefit of being there. No more praying that a clinic has a sliding scale for self-pay. Okay, maybe a little panicking still. But regardless, I'm just fucking thankful at this point. No, it may not be the absolute best care. No, I probably won't have everything I absolutely need covered (I'm still leafing through the package they sent me). But still... I'm sure it's better than the nothing I've been living with till now. +Is it dumb to put the 150k I have in the bank into index funds to wait out the insane bidding wars in houses right now? + +To be a buyer in this current housing market gives me daily anxiety. I loath it. I don't want to participate in it. + +No option seems good. I'm looking for advice. + +I don't know if I would stay in the house I am buying forever or just one year as I'm in a relationship with someone studying to be admitted into a medical residency and we might have to pack up and move across the country for their job. But I also don't know if we're definitely staying together. The next year is the test to determine that. I am buying the house solo and I would rent it out if I had to move. + +Anyone have any advice on what to do with the money I have in the bank and/or if I should buy a house or not. + +Thank you +With all of the panic lately about rising inflation, I've seen a lot of commenters extrapolating the year-over-year numbers out without looking at the larger context. Certainly, the numbers look big when compared to last year; however, April and May 2020 were deflationary periods, and the next twelve months were essentially flat. On top of that, most of the 2010s had inflation of less than 2%, and [if you calculate the rate from April 2012 to now](https://www.bankofcanada.ca/rates/related/inflation-calculator/) the average annualized rate is only 2.06%. Since 2008, it's exactly 2%, since 2002 it's 2.07%, and since 1992 it's 1.96%. + +Basically, inflation slowed way down and temporarily inverted, and now we're just catching up to the long-term average. The latest data from the US showing the month-over-month inflation rate slowing seems to show that we're getting back on track and normalizing. Anyone who takes one small, short-term statistic and extrapolates beyond that to macro trends is, in my opinion, being alarmist; anyone who complains about wages not keeping up with inflation with 2% raises might be correct for the last twelve months, but over the last ten, twenty, or thirty years they're wrong. In fact, for most of the 2010s, a 2% raise beat inflation. + +Don't panic. +So I was a BPM holder and today I get a notification of a market sensitive announcement from BPM. My heart rate picks up, my eyes are teary and I am fantasising about all the financial plans I had. Could today be the day I finally buy the ring and make my missus leave her boyfriend for me? Could it be the day that my sanguine portfolio slashes with a shade of green? + +I open my inbox and read the title of the announcement: "Boots on the ground in the Earaheedy". I think to myself, well that's a funny title. Let's read inside of it to see what that means. + +Here's what it means: + +It's the picture of the exploration manager pissing on a bush and they've made it 'Market sensitive' + +&#x200B; + +[Next market announcement would be about the CEO's bowel movement.](https://preview.redd.it/1rry0l7foy271.png?width=1008&format=png&auto=webp&s=aa3da026a6772234fa65116ec0933e6f3656639a) + +Next minute I get an email notification from Next Investors and it's about BPM. **They have confirmed that the exploration manager is indeed capable of urination.** + +So I sold on the spike of the pump and even if it 100x bags, I am glad that I got my money out of a dodgy company. I'll think about buying the ring another day... +My firm manages a portfolio of around 9,000 apartment units primary in the Midwest and as of yesterday we were at 92% collected. Like most months the majority is paid before the 6th with the reminder trickling in before the end of the month. + +So far it looks like another normal month. Our collections in April exceeded March due to a higher GPR. + +We keep waiting for it to get really bad, but if we just look at our income statements it looks like business as usual. + +We actually had our strongest week for new leases last week. + +What is everyone else seeing out there? +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +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) +I’ve always heard that never buy at market open. As a seller, does it matter at market open, noon or right before market close? It might be random but I thought I’d get your guys opinion on this and what do you guys usually do. +I've owned AIV for a couple months now, lots of up and down movement, only for the amazing dividend. Do you think they will continue with the same high dividend in 2021?? +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. +# TL;DR: Pretty picture show hedgies r fukt. + +[1Trillion gone from Crypto since May 2021](https://preview.redd.it/vvr25m60ku071.png?width=2048&format=png&auto=webp&s=0eb9c9f529beb404146c59563a9efc161919386f) + +So i have seen several posts debating firstly the potential size of the collective payout that is going to come for GME, and secondly what the maximum price that will actually be paid for GME is likely to be. + +While everything is a hypothetical until it happens, and I am by no means a maths guy, I submit that the evidence of massive liquidations of the crypto currency market which we strongly think is being cyclically pumped and dumped to raise cash for Citadel and co, I submit that the grand total of 1 Trillion dollars so far just on crypto means that we control the price. + +There are of course the usual caveats that not all of this is GME related, or Citadel related, but involve every other possible reason in addition for every other player involved, preparations for Atobitt to release HOC 2 and 3 and trigger the liquidity crisis, and yada tada yada you get the point. + +But, caveats aside, the fact that 1 Trillion dollars has already been pulled out of just one sector of the market in preparation should be sufficient to jack your tits. + +Every single share of Gamestop both real and synthetic, in market, in dark pools, in ETFs, in options and calls and puts and shorts and everything else under the sun, every single one of them already has a designated owner before this started. Remember that. Before apes began mass buying and holding every single share was already owned. And now they're all “owned“ many times over. What fun. + +This is why they cheated and lied and stole and counterfeited more shares than could ever exist in this company. This is why it is impossible for them to close their positions. This is why they are collectively collecting 1 Trillion dollars just to start with. + +Because every single paper handed bitch in the world selling low couldnt possibly change this maths now that so many synthetic shares are due. Every single share, real and synthetic, must be purchased at whatever price is available. And as the paper hands leave, and shares concentrate in the diamond hands of the apes, the price to buy increases exponentially. + +All shorts must cover + +This is why you are going to win. + +Edit: [Link to TradingView source](https://www.tradingview.com/markets/cryptocurrencies/global-charts/) damn watching that go down in real time across the whole crypto, rather than any particular stock is quite the sight. + +Edit 2 shills got to pump it + +[Headline 1: Bitcoin tumbles 50&#37;. Headline 2: Buy now you fool. Transparent much](https://preview.redd.it/hywxgvkqrx071.png?width=2048&format=png&auto=webp&s=1cc378aeff2e99171575895b61a1dfe1c4de4655) +I sold out my remaining crypto last night. Still feels surreal to me. Started buying Ethereum at just above $2 in early 2016 after missing the boat on Bitcoin. I put my whole tax return in in 2016 and threw a couple hundred at it whenever I could. I didn't buy a car and biked to work to save money. I remember at the time thinking there was about a 1/3 chance it would 100x, so there was an asymmetrical risk/reward in my opinion. + +Sold a large chunk during the previous bull run in 2017, and sold the remaining in multiple sales this January. Averaged about a 150x on my cost basis across all sales. All long-term capital gains. Now I'm 27 and financially independent. Will be buying my parents a house this year. + +I love this community and hope both the technology and price continues to improve. Thanks to everyone for making this a fun ride! +Hello ape friends, + +I am seeing a lot of good intentioned apes getting excited at our CS account numbers (and why wouldn't you be? my gawd my tits are so jacked I've gone shirtless for days!). However, many are setting the float at 30 million shares. This is a false number and not the float we need to cover. + +The idea of 30m is understandable - it is roughly the retail float. So it is easy to think "retail needs to cover the retail float." However, this banks on a huge, blind assumption that those holding the other 46.5m shares will be DRS'd and not lending them out. This is a dangerous assumption that should not be assumed. Do NOT assume we have any help from anyone. Apes must do this alone. + +Thus, realistically, we need the full 76.5m float minus the guaranteed 9m owned by Ryan Cohen. We need 67.5 million shares on Computershare to set this off. + +By underestimating this number, we are setting a low bar which is VERY dangerous for two reasons. + +1.) By advertising that we are over twice as close to covering the float than we actually are, we are going to give apes bystander syndrome. Apes will think, "Aw we are so close, it'll be covered without me." But in reality, we are much further away and desperately need their DRS too. + +2.) As a false "shares per CS account" number goes lower and lower, we will feed into anti-DRS shilling. Once we get to a number that feels like we MUST average that much per account, we will lose steam. By artificially making that number less than half of what it should be, by basing it on a false 30m float, we are going to help make it seem like DRS isn't working. + +Some of the best of you, doing some of the most important tracking and DD here, are using 30m as your float number. I ask that you please move to the conservative, guaranteed number. Drop your optimistic, best case scenario float numbers of 30m for your DRS posts. Please stick to the full 67.5m! + +Edit - 76,491,496 shares minus RC's 9 million = 67,491,496. So, 67.5m!!! (Fixed in post above) + WhiteBit✅CMC✅CoinGecko✅Gate.io + +We are the official $YeetTOKEN that everyone is going crazy about. Not the knock-offs that everyone is honeypotting. Launched just 5 days ago $YeetTOKEN delivers! It isn’t often you see such massive growth in a token in such a short period of time and here’s why! + +▶️Youtube Promos - We are working on getting visibility on some popular channels here. Meetings scheduled already. + +🌐Asia - We are currently trying to reach the Asian market. We are in contact with two huge influencers in Korea. + + 🌐INVEST WITH CONFIDENCE + + • Complete Ownership Renounced with Live Dev Chat! + • Community Teams with over 40 members! + • Strategic Marketing and Budget for Promotions! + • Low 6M Market Cap with Scalability to 500M in a short time! + • Best Community with Mature Individuals! + • TikTok influencer videos and more + + 🌐Heres why you HODL $YeetToken + + We call it a decentralized community, meaning that the original creators of Yeet only control the Telegram; a different person controls each of YeetToken’s profiles, and yet they are all official channels. + + This is the ideal system for a community-coin. It’s still being established because we’re only five days old but the idea is already permanent and expected. Launch-time was decided by community-vote, and the future direction of Yeet will continue to depend on its community. + + 🌐TOKENOMICS + + • 50% pre-burn, 4% Back to LP, 2% Reflection + • No Dev wallets + • Use case is currently underdevelopment + • Anti-Whale Mechanisms + • 15K Holders + • 6 Million Market cap + + 🌐TOKEN LINKS +📟BSCscan: https://bscscan.com/token/0x7060d3f1cc70a07f4768560b9d9b692ac29244de +📝White paper: https://pdfhost.io/v/VlJMvYYUj_YeetToken_Whitepaper.pdf +🔐Verified Contract: https://bscscan.com/address/0x7060d3F1CC70A07f4768560B9D9B692ac29244dE + 🌐SOCIAL LINKS + + 🗣Telegram: (5600+): https://t.me/YeetTokenOfficial + 🔖Reddit: https://www.reddit.com/r/YeetTokenOfficial/ + ✅Discord: https://discord.gg/jfBBRCgr +🕊Twitter: https://twitter.com/yeettoken_hq + 📷Instagram: https://www.instagram.com/yeettoken/ + ▶️YouTube: https://www.youtube.com/channel/UCKuCbJ9tE1ZQCcPIx_XjwKg + 🌐Website: https://www.yeettoken.com/ +🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 +I narrowly avoided being scammed out of the entire amount of my house downpayment by a fraudulent email that looked very similar to an email that my lawyer would send. It looked so good, all the right details where there. I was even talking about the last closing details with the lender this morning. + +I scheduled the wire but then realized my "something is fishy" internal alarm was going off. I called the lawyers office and confirmed that the account number on the wire transfer information was not their account, and that they hadn't sent me wire instructions. The scammer had nearly every critical detail about the house closing in the "Closing Disclosure". The right "From:" name on the email, but I noticed that the email address was not from my lawyer's domain. Once I confirmed that this was a scam, I had a VERY tense few minutes calling the bank to try to stop the wire transfer from completing. Thankfully I got the wire canceled before it was sent. + +I learned a very valuable lesson today. Never wire money without calling the main office to confirm, even if all the details look correct in the email. If that wire had gone out to the scammer, the house closing would have to be canceled, and I would be out major money. Once a wire has left the building, it's gone. + +Now I get to investigate and escalate a MAJOR breach of information somewhere between my lawyer and the lender's office working on this file. Turns out the Disclosure form they sent me was the EXACT disclosure form that my lawyer shared with the bank yesterday... So something is breached. + +Verify your wires. +Listen to the little voice that says “something is fishy”. + +FUCK, that was close guys. + +Edit: Also locked my credit for the time being. I asked the lender if they need it again and they said no. + +Edit: I know it wasn’t my email that was compromised because they used a document I hadn’t received up to that point. It was only sent between the lender and the lawyer. I also use the best email security I know how to: 2FA with Authenticator (not sms), one time codes in my safe if I ever lose my phone, strong unique password that I rotate regularly and is managed by 1password. +Hello + + +I've known about the FIRE movement for some time now, but recently I watched the "Playing with FIRE" documentary (which is great), and that really got me thinking about it and what I want to achieve in life. As far as I understand, people who want to FIRE do it because they want to have the freedom to do what they want to and not get confined by money worries and/or their day job. Cool, I completely understand that, but what if the goals you want to achieve involve having a job? + + +Well... that's kind of me. I am 26 and work in research. My #1 goal is to contribute to my field and advance humanity through it, and then secondary goals of having a family, spending time with them and friends, financial independence, living a healthy life, and exploring the world. Now here is the weird bit, to achieve my #1 goal, I have to work in a team which constitutes either being part of an R&D company or academia, both of which pay very decently here in Europe and allow for a great lifestyle. I am fairly confident that I will always be able to find such jobs throughout my lifetime, which gets me thinking, by pursuing my #1 goal, am I by default FI? Now obviously, there is no such thing as true FI - I can't decide to buy a private jet or something but 90% of the time I can decide what I want to do, and never for the past 3 years or so have I had any sane money issues where I couldn't get something I need. + + +From a FIRE perspective, does my reasoning make sense, or am I missing something? +Helping my mother with her will because I’m the only unmarried child and the one she trust the most to manage the funds in order to take care of my siblings. I plan on getting married soon and wanted to ask if there was a way to protect her assets from being entangled into my marriage. The person that I am with doesn’t believe in prenups. I consider them trust worthy as they have always encouraged me to spend wisely and have sacrificed for me financially many times. I don’t mind going into the marriage with my assets at risk as I trust her fully, I just don’t think it’s right to take assets my mother entrusted me with to care for myself and my siblings into the marriage. The assets my mother has are + +. a house she bought right after the housing crash for 150k which is now worth 500k and rental incoming coming in. + +. Land outside of the U.S worth about 1 mil undeveloped as she hasn’t had the funds to develop on it. + +. And a 500k life insurance policy + +I plan on developing on the land as I make more money, Taking some cash out of the home she owns and buying a rental property and just developing and growing these assets to provide financial security for my siblings and their families in addition to mine. A bit of a generational wealth type of thing as she worked for just above minimum wage 12 hour days 7 days a week to make this happen for her future generations. + +My question is this. Is there a way to put all these assets into a trust to protect it from marriages failing and bad decision making while allowing my siblings to invest, add to it generation by generation to ensure their children benefit for it and their children’s children benefit from it while encouraging all generations contribute to growing it. +I will soon have about $100K sitting in my savings account, and I'm having a hard time deciding what to do with it. I'm almost 40. No kids, no mortgage, no car payment, no debt of any kind. My TFSA is maxed and excludes the aforementioned money. My RRSP is practically empty and will have enough contribution room at the start of next year to accommodate the full $100K. I know the popular advice is to max the RRSP, save for a house, save for retirement, etc.. The thing is… + +I want to live life *now*, while I'm still able to, not when or if I make it to retirement. Neither of my parents made it. We all hope to live a long and healthy life, but the reality is that many of us won't. This isn't something that gets talked about much on here, or maybe in general. + +On one hand, I want to put all the cash into my RRSP and buy one or two ETFs like XEQT. On the other, I want to hold on to the cash and wait for a good opportunity to go all-in on some life changing growth potential. I realize this is highly risky, but so is life. There have been at least two opportunities in the past that I was *very* confident of but didn't have cash. I was right about both. + +Remember, the *only* absolute guarantee in life is death. It's coming for us all, and we can't take anything with us but the experiences we have in life. There is much I want to experience. + +What would you do in my place? + +Edit: I did not expect this to gain as much traction as it has. Thank you all for participating in the discussion! +I’ve worked a blue collar job in the oil field for 10 years. Grunt work for 7 of those 10. Unfortunately I really didn’t have my mind right those first 5 years and don’t have much to show for it. Thankfully that changed 5 years ago. It took me 1168 days to reach my first $100,000. It was hard. + +I then set a goal to reach $200,000 in less than 1000 days. I reached it last week in 662 days. It was hard. Financially, the past 12 months have been phenomenal. Mentally, physically, and emotionally it was a rough one. This past month has been nice and easy and stress free, but I feel like I’m in a haze. I’m pretty sure I hit burnout a month or two ago. Work has gotten normal again but I can’t seem to get motivated or back on track. + +What would y’all recommend I do to get back in the game mentally? Leaving my job is not an option for the next 2 years, I really want to remain here. Anyway, thanks for reading. + + +As the United States continues its struggle with the pandemic-induced economic recession and a [sputtering recovery](https://www.cnn.com/business/economy), the country's burgeoning debt is not anyone's top concern these days. + +&#x200B; + +Even deficit hawks are urging a dysfunctional Washington and a chaotic White House to approve another round of [badly needed stimulus](http://www.cnn.com/2020/10/06/politics/stimulus-pelosi-trump-coronavirus/index.html) to the tune of trillions. + +&#x200B; + +"The US federal budget is on an unsustainable path, has been for some time," Federal Reserve Chairman Jerome [Powell said](https://www.cnn.com/2020/10/06/economy/fed-powell-coronavirus-stimulus/index.html) this week. But, Powell added, "This is not the time to give priority to those concerns." + +&#x200B; + +However, when the country eventually pulls out of its current health and economic crises, Americans will be left with a debt hangover. + +&#x200B; + +On Thursday, the Congressional Budget Office estimated that for fiscal year 2020, which ended September 30, the US deficit hit $3.13 trillion -- or 15.2% of GDP -- thanks to the chasm between what the country spent ($6.55 trillion) and what it took in ($3.42 trillion) for the year. + +&#x200B; + +As a share of the economy, the estimated 2020 deficit is more than triple what the annual deficit was in 2019. And it's the highest it has been since just after World War II. + +&#x200B; + +The reason for the huge year-over-year jump is simple: Starting this spring, the federal government spent [more than $4 trillion](https://www.covidmoneytracker.org/) to help stem the economic pain to workers and businesses caused by sudden and widespread business shutdowns. And most people agree more money will need to be spent until the White House manages to get the Covid-19 crisis under control. + +&#x200B; + +The Treasury Department won't put out final numbers for fiscal year 2020 until later this month. But if the CBO's estimates are on the mark, the country's total debt owed to investors -- which is essentially the sum of annual deficits that have accrued over the years -- will have outpaced the size of the economy, coming in at nearly 102% of GDP, according to calculations from the Committee for a Responsible Federal Budget. + +&#x200B; + +The debt hasn't been that high since 1946, when the federal debt was 106.1% of GDP."Debt is the size of the economy today, and soon it will be larger than any time in history," CRFB president Maya MacGuineas said. + +&#x200B; + +The problem with such high debt levels going forward is that they will increasingly constrain what the government can do to meet the country's needs. + +&#x200B; + +Spending is projected to continue rising and is far outpacing revenue. And interest payments alone on the debt -- even if rates remain low -- will consume an ever-growing share of tax dollars. + +&#x200B; + +Given the risks of future disruptions, like a pandemic, a debt load that already is outpacing economic growth puts the country at greater risk of a fiscal crisis, which in turn would require sharp cuts to the services and benefits on which Americans rely. + +&#x200B; + +"There is no set tipping point at which a fiscal crisis becomes likely or imminent, nor is there an identifiable point at which interest costs as a percentage of GDP become unsustainable," CBO director Phillip Swagel said last month. "But as the debt grows, the risks become greater." + +&#x200B; + +[https://www.cnn.com/2020/10/08/economy/deficit-debt-pandemic-cbo/index.html](https://www.cnn.com/2020/10/08/economy/deficit-debt-pandemic-cbo/index.html) +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! +https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf + +Edit: I stumbled upon this document during my research about Fannie Mae and Freddie Mac. Because in July 2008 Congress passed the Housing and Economic Recovery Act.16 which gave the Treasury Department authority to guarantee as much as $25 billion in loans held by Fannie Mae and Freddie Mac. It created a new regulator for Fannie and Freddie called the Federal Housing Finance Agency. + +The document is related to Government Sponsored Enterprises (GSE’s) - is it me or is history repeating itself almost literally? GSE & now GME. Anyway, back to the topic.. + +Summary of Key Points copied directly from the document + +● The number of legal shares issued by the GSEs was not sufficient to account for such large trading volumes. + +● From October 2007, all shares issued for trading by the GSEs, 1.6 billion shares, were reported to be owned by just the reporting institutional investors. + +● Ownership other than the reporting institutions obviously exists. + +● The GSEs have traded over 16 billion shares since October 2007. + +● The shares illegally supplied through counterfeiting in Fannie Mae and Freddie +Mac caused over a 90 billion dollar decrease in their value. + +● On June 30, 2008, when all shares available to trade were owned by reporting +institutions and less than one month before the SEC‘s emergency order went into effect, the NSCC reported that the fails to deliver of real shares of Fannie Mae and Freddie Mac was zero. + +● The zero reported fails to deliver at the NSCC are in direct opposition to the facts that show delivery failures should be significant. Basically, all of the shares are in known ownership, therefore, legal settlement of these large trade volumes from October 2007 to date with real GSE‘s shares, was and is not, mathematically logical. + +● The ill-gotten, gains from counterfeiting the GSEs‘ shares appears to exceed 1/2 trillion dollars. +23 + +● Less than thirty market participants show up as professional market makers in these stocks. + +● U.S. citizens‘ pension funds, state employee retirement accounts and other important investors in the U.S. markets have been financially harmed in these GSE investments; while the stock counterfeiters continue to profit. + +● Absent the manipulation of their stocks, the GSEs could have raised significant capital. This is evidenced by the fact that mutual funds, pension funds and other large investment funds continued to purchase shares of the GSEs. + +● The counterfeiters of the GSEs stock continued their relentless manipulation of the stock prices during the SEC emergency order. + +###● These are violations of the anti-fraud provisions of the U.S. securities laws and may violate the U.S. laws against counterfeiting. Where were the regulators? + +● The NYSE, FINRA, SEC and Treasury should know there are illegal counterfeit shares trading in the GSEs because they have all of the information readily available to prove it. + +● Instead of enforcing the laws against the illegal activity, the regulators took over conservatorship of the GSEs, which benefited the counterfeiters at the expense of the U.S. taxpayers and their future generations. + +The section about conflict of interest that happened back then which resembles what’s happening right now: + +Advisor to the U.S. Government and Market Maker + +Paulson was reported to be advised by Morgan Stanley to have the U.S. government take the GSEs into conservatorship status. When the market manipulation of the GSEs began in the fourth quarter of 2007, Morgan Stanley &amp;amp; Co. sold 94% of their 34 million shares of the GSEs. These positions were sold to other investment, mutual and pension funds. Morgan Stanley is a market maker in the GSEs and may not have been a neutral party for Paulson to bring in as an advisor. + +Finally, the conclusion as laid out in the document: + +Certain market participants, trading illegally, appear to be making a concerted effort to take down some of the most important financial institutions in the United States. Who would counterfeit shares of these vital U.S. institutions to cause their financial collapse without regard for the U.S. citizens? +###It is not possible to carry out this massive fraud without the cooperation of large Wall Street firms and regulatory complicity, indifference or lack of competence. Some firms are blatantly selling shares that do not exist. + + +It is impossible to ward off the downward price pressure from counterfeit shares diluting a company‘s value. The entire nation‘s value is diminished when the counterfeiting of securities is rampant. +Simply put, this is a defining moment in the history of the financial strength of the United States. Other than home ownership assets, the largest U.S. household assets are tied to the stock market through retirement accounts. If counterfeiting continues, investment and retirement accounts will be backed by nothing but counterfeit shares, which they may already be holding in substantial amounts. +To conceal the fraud perpetrated on the retirement accounts is simple, manipulate the markets to crash. The money previously plundered from these accounts remain in the hands of the counterfeiters and the statements sent by the Wall Street firms to retirement investors will reflect a crashed market value of their assets, i.e., you lost your retirement savings. + +###The counterfeiting of U.S. traded securities is nothing less than a fraud of epic proportions. As with other illegal stock market activity, offshore shell companies are a likely depository of the ill-gotten gains. + +While U.S. citizens would like to trust that government regulators are putting the citizens first and protecting investors, this may not be the case. The ownership and trading irregularities in Fannie Mae and Freddie Mac discussed above, seem so obvious, that surely our government would have taken the steps necessary to protect investors in these very important financial institutions from fraud in the market. Unfortunately, the facts do not support that the government did enforce the securities laws against fraud and market manipulation. +It is necessary for the United States to do everything within its power to recover the enormous amount of monies that have been plundered from this country and its citizens. + +And the document’s conclusion ends by stating: + +###Bring the few illegal dealers responsible for counterfeiting stock to justice in order to assure that this United States economic disaster will never repeat itself. There is simply too much at stake to do otherwise. + +13 years ago that was… + +###Edit: 🚨A footnote from the document. This footnote might actually explain why Gary has yet to deliver.. It also explains why the document has no author!! + +“1 Historically, when the issue of Wall Street firms selling stock they do not own has been brought to the attention of large Wall Street firms and the financial media they own, their response has been to shoot the messenger so the truth of the message can be ignored. +This has played out time after time when the subject has been addressed and those commentators who have continued to call for Wall Street to stop the practice have been pressured by the industry to drop the issue. The DTCC has publicly published information to discredit economists who have written about the subject. + +Even the former Chairman of the SEC, Harvey Pitt claims that when he publicly discusses naked short selling, the DTCC contacts him. This is not the time for these types of games to be played in this country as we are facing very difficult times ahead because of the counterfeiting of U.S. assets. + +Therefore, at this time, this report comes without an author to discuss, leaving only the data to discredit. All data is supported by citations and is easily reproducible to verify the accuracy of the information.” + [https://www.ocregister.com/2019/11/18/southern-california-wages-rise-4-2-tops-in-us-and-biggest-raises-in-12-years/](https://www.ocregister.com/2019/11/18/southern-california-wages-rise-4-2-tops-in-us-and-biggest-raises-in-12-years/) +EDIT: Just want to give a huge thanks to all you who added really thoughtful and supportive advice. This sub can be a little intimidating, but all in all it's a very supportive and informed group. It's what the internet should be. Thanks! + +\-- + +I'm on track to hit my number in a few years. 39yrs $4.6NW. $275k salary not including bonus. I'm owed a retention bonus at the end of 2023 and 2024 of $1m each. Also a larger performance bonus that we're on track to hit at the end of 2023 but I'm not factoring it in for now. Two kids. Not in a rush to retire just yet. Might be happy coasting or doing another startup. Expenses are $170k/yr. So not a big fatty like some of you out there but on a good track. + +My step mother 71 and father 75 (divorced) have both made a bunch of money over the years but have little to show for it. I'll note she's been in the picture since I was 4 so she has been a big part of my life. Growing up I learned what not to do from them, but of course their irresponsible lifestyles and choices are coming back to roost. She is basically broke and in debt but shares a house with him that is worth at least $1m, probably more if we could fix up a few things. He doesn't want her to sell it b/c he uses it regularly. It was their second home. He basically airbnb's his main residence and then stays with her. That's his main source of income. + +They both ran a consulting business for years and she worked for him. They are waiting for their next ship to come in and that's my step mother's current plan. They are in a serious dry-spell and realistically aren't going to bring in a whole lot. I think I've convinced her at this point to get a basic secretarial job. + +At the end of the day, this is all my dad's mess. He's a narcissistic and manipulative person. He is trying to get me and my brother to support her. I am the one with the better money sense and more income and assets so you know how that goes. There are so many other gory details I've left out, net net it's not a healthy situation. + +Lastly my half sister lives with my step mother. She is 24 and has severe psychological issues that are currently preventing her from working. I don't think she could get disability. Mostly her parent's fault in not getting her the help she needs. I think with a lot of therapy and care she could be productive in a year or two. + +&#x200B; + +Ok that was super long, if you read through that all, two questions: + +1. General thoughts on supporting my step mother in this situation. After social security she has deficit 3-4k per until she gets a job. One of them is a heloc shows $50k on. $1,100 a month. I've thought of just paying that off. Her expenses are probably about $60K / year, again no income. $1800 ss. I'm sure she has crazy credit card debt. +2. My paid hourly advisor suggested long term care insurance (she makes money selling it). The general idea of it makes sense to me in this situation, but I'm sure there are some gotcha's with these plans. Curious if anyone has implemented one before and what their experiences were? Whether I support my step mom a lot now or not, I know at the end of the road, I'm going to have to step in at some point, so maybe a plan like this could serve as a backstop. + +&#x200B; + +Thanks in advance. The situation is horrible and feels good to get it off the chest a little. +Hi, I need your help. In January I went to court for my final appeal after being denied temporary disability. (I have a job now it was just during the 4-5 years after a horrible accident where I was in physical and mental rehab while I was getting better. I was in a coma and had to relearn to walk/talk, etc) + +Here’s what I don’t know, I received mail today that I will be receiving a check from SSDI for $60000. Holy shit, I have no idea what to do with that much money. I know I will need to pay off a lot of debt but what then? How do I figure out a good financial planner to go to? Thank you to anyone who helps. (I currently have a job and make enough to live so it will not go into my living expenses.) What do I do? I’m 32 years old and very nervous. I don’t really have anyone or any family who is good with money to ask. I want to be smart about it. +About 3 years ago I went to a free course about learning how to flip real estate, then made the decision to go to the Bootcamp and spent the $2800 for the Bootcamp. I went to the 3-day long Bootcamp held at a hotel and during the Bootcamp, there was people who sat in the very back of the Bootcamp who were supposedly former Bootcamp students who were coming back to stay updated on the latest. One of the "students" the speaker of the Bootcamp pointed out was a supposed former student who quit his day job working for bank of America and now has complete over 80 flips, then he stood up and corrected that they were completing flip 108 right now... then she pointed out a few other "former students" and talked about how once you finish the course if you signed up for the life membership you can keep coming back for free whenever an event is held. + +Fast forward to this weekend and I was invited by a friend who wanted to go to a seminar about flipping that she won tickets to off the radio. I was like whatever ill go with her and make a weekend out of it, so we showed up Friday night, went to the seminar yesterday and most of the info was comparable to the above seminar. During this seminar he pointed out prior students sitting in the back of the conference room and what do you know it... one of them was this same guy at the seminar I went to 3 years prior in a different state, but this time when he stood up he said he took this guys course a few years back and he was 35 flips into it and plans to quit his day job this winter working for wells fargo.... So when we took our break I walked over to this guy and tried to ask him about the previous seminar and would not even acknowledge that I was talking to him, just kept talking to other people walking up and asking him questions and would walk away from me when I was the last person trying to ask him questions. So I tell my friend about this and she is crushed over all of this because she was really excited about this seminar, but we finished out the day and drove back home last night. Prior to us leaving i saw the guy getting into his car, so I quickly snapped a shot of his car and looked up his tag online, found him online and he is just a realtor who averages like 15 sales a year on Zillow.... he doesn't even go by his real name at the seminar... +What is your end goal with tfsa ? + +1. Hold growth stocks till retirement like rrsp and start withdrawal at retirement in conjunction with rsp. + +2. Max it out with dividend stocks and use it at monthly income ? + +3. Grow money to pass it on as inheritance. + +Obviously everyones financial situation is different and will have different goals but what is your perceived end goal ? +EDIT: As clarified by Groww CEO Lalit in a comment below, this is a case of miscommunication and an issue with the copy. There is no minimum balance required and Groww need to return money to investors every 1 or 3 months as part of compliance, for which they are seeking the acknowledgment. + +ORIGINAL POST: +I was just trying to place a Mutual Fund buy order on Groww website and it’s asking my approval to maintain a minimum balance of Rs. 10,000 in Groww Balance and let them transfer the excess back to my bank account every 3 or 6 months. + +I’ve never understood the point of Groww balance in the first place and now I cannot place an order unless I give an acknowledgment. + +So a few questions: +1. Are there any advantages to this Groww balance? +2. Is it good idea to give them an acknowledgement and continue using Groww considering all money goes through this Groww balance? +3. If you have used other providers like Kuvera, Zerodha etc. do they ask for such intermediary account balance? + +Thanks! + +Screeenshot: https://postimg.cc/47wRfQHj +We're all familiar with your average person making the simple finance mistakes, like using a credit card and letting it run up, or not hunting around for the best bank account to keep their emergency fund, but sometimes it's interesting to listen to some of the financial mistakes that are just absolutely out of this world, or require a thought process that is just completely unfathomable. + +I'll start: My Brother re-financed his mortgage to be 100% LTV, meaning he had zero equity. His reason? He wanted savings. So he was paying interest rates of something like 4% (that's the best he could get on a 100% mortgage) so he could get savings without actually saving any money. Then over the course of a year, he spent that money on an old BMW 7-series that broke down and completely died 6 months later. + +So what completely nuts and financially illiterate stories do you have from people you know? +I started accumulating cash a few years ago at first to save up for a down payment on a house (in an HCOL area) and secondly to have some "dry powder" for another 2008-style economic shock. Well that's turned into a fair bit of cash: X00k+, representing nearly 30% of my portfolio. + +I'm now caught between some conflicting emotions: do I invest that cash now, in what feels like the top of the market? I still intend to buy a house in the next 12-18 months, so is it worth investing for a relatively short period of time? Is 20% way too high an amount to have in cash, or is that fine? Should I keep waiting for a dip? If I do invest, do I do it all at once or DCA over some timeframe? + +Not thinking clearly, so would love some thoughts/advice. Thanks! +I know a lot of people are kicking themselves for not selling during the last bull run. Just curious what people are planning if the next one comes? + +Mostly curious about how much of your stack you plan on selling and at what price points. I feel like a common strategy would be to sell at the ATH, but if it's a common strategy, I can't see that strategy going well +I am new to financial planning and wanted to see what my options were about life insurance. I don’t plan on marriage or having kids, I don’t plan on wanting to leave my family any huge amount of money, and plan on leaving money aside for my funeral when the time comes. I don’t have any huge amount of debt outside of student loans. Would I still need to consider getting life insurance at any point in time? Would it be wise to purchase it at all? What would be the best option for the future going forward for myself? +> The bank posted profit of $4.01 billion, or 40 cents a share, compared with the 46 cent estimate of analysts surveyed by Refinitiv. Revenue of $22.8 billion essentially matched expectations, and trading results exceeded expectations by more than $500 million.  + +The bank also set aside an additional $3.6 billion for potential bad loans, a reflection of the darkening economic outlook. Its total provision for credit losses rose to $4.76 billion, from $941 million the previous quarter. + +[https://www.cnbc.com/2020/04/15/bank-of-america-bac-earnings-q1-2020.html](https://www.cnbc.com/2020/04/15/bank-of-america-bac-earnings-q1-2020.html) +As far as i recall from Wes Christian GameStop should now have enough to actively sue, as the price manipulation directly lead to them getting less money from the ATM offering. + +Although that's surely gonna take a while, it could be another nail in Citadel's coffin. If the price is suppressed by conservative 50% the damage from the ATM would be 1.2bln alone. + +Change my mind. +So yeah, my 21 year old daughter who is on my health insurance plan just started chemo for Lymphoma. The prognosis is good and we're all feeling motivated and hopefull. Unfortunately, just two weeks in to the process I've received notice that I'm losing my job and with that my health insurance. I'm gonna figure this out but if you all have any pointers or bits of insight I'd love to hear it. My primary concern is of an interruption in health insurance and running into problems because of pre existing conditions when moving to a new plan. Thanks in advance for any input! +So I got a new job today. Its in a cozy office. No back breaking work like I experienced with Amazon. Great. I was so happy to leave my old job I didn't ask how much pay was. I honestly dont care as long as its full time, I can make it work. So when I get home, my mom had already texted me congratulations. When I told her I was hired. She asks me what kind of job it is. I respond Call Center. She immediately starts saying "Oh no thats awful". She asked what company its for and I respond that I don't know bc its a third party company; I'll find out on my first day more info. She begins the interrogation with do you even know how much you'll be paid? I responded, "No but there are opportunities for growth in Health Insurance Agent positions early next year" She repeats in a problematic tone, "Early next year?" Its November and that is reasonable for me. She begins talking negatively about my new job and how its probably minimum wage. And I straight ups ask her, "do you want me to quit?" Because she is dwelling on these negatives. She responded that I am always this way. And she is literally always talking bad about any company I work at. And this is why I never stay at a job for long bc my mom bashes any opportunities I get. She is really negative. I'm trying to be optimistic but honestly there is always a problem in her point of view. She should be happy that I am trying to make an honest living. Im really trying to be positive but I'm already really hurt that she is bashing my new job. I feel like such a failure bc clearly this new job is just not good enough. Its how every new opportunity that I get starts. She talks bad about it until I feel defeated and quit. I will try to remain positive. + +Update: I re-read the job post on Indeed. I applied to so many different jobs that I didn't notice it. It pays above minimum wage. I am going to use this as a stepping stone to get to my goal career in health insurance. I read some company reviews. They said its a great job to get started in the Medical insurance field. +What GME did to hedge funds, BTC has been quietly doing to Central Banks and Governments for 10 years, they just don't know it yet. + +Thank you for waking up and becoming a part of the revolution, we applaud your efforts in fighting our ownership class. + +As you start interacting here know that we still love you, even if you aren't ready for things like a hardware wallet or private key storage yet. Some of us are just really hardcore about that. They are awesome people full of great information when you are ready to go down that road. + +As you get to know us you will find our hands aren't diamonds they are the collapsed star material that makes up a black hole. We use Satoshis to measure our wealth, not dollars. Telling us to hold our positions is like telling a fish to swim, we don't know anything else. + +&#x200B; + +&#x200B; + +**Edit:** + +&#x200B; + +Edit2: Removed previous edit and made comment. Satisfied Mods? +Fellow apes, please do yourself a favor and don't even consider buying the dip of Russian stocks. + +On the London Stock Exchange, equities like Gazprom, Sberbank, Lukoil etc. already went to zero (literally -99.9%) trading at a few cents a share. + +Investors are unloading the shares as pressure rises and the liquidity in the US will disappear too, although it seems it's happening slower than in the UK. The fact that MOEX is closed doesn't matter because even when it opens, foreign-held shares won't be permitted to be sold there, so it's irrelevant what the share prices there will be. + +Russian stocks are going to zero, and ADRs will be decoupled from their respective prices at MOEX. +Hi everyone, + +&#x200B; + +Long time lurker on this sub. I am completely sold by everything that I read here and have been trying to invest aggressively to make my FIRE dreams come true. I have recently been discussing this with my parents, who are wealthy in their own right. After laying out my assumptions, I showed them what I planned to be worth when I'm 50 (their current age) - they laughed at me and said I was being unrealistic. + +&#x200B; + +My scenario was: + +* Save approx 12k each year (realistic given my income and my ability to save will likely grow but I did not include this) +* Portfolio returns of 6%pa (my portfolio is 100% equity) +* 30 year time horizon + +&#x200B; + +Everything I run says that this will result in a portfolio of more than 1m. Everyone I tell this to scoffs. Am I being naive and missing a crucial factor that everyone else seems to understand? + +&#x200B; + +Thanks +My great grandma just moved to a retirement home. My family is selling her house and 40 acres. They are willing to sell it all to me for just the price of the house and give me the 40 acres for free and mineral rights for free. It’s $125,000. The house is old and probably will need major repairs soon. I’m just torn over whether or not to buy and I don’t know anyone who is really knowledgeable about real estate investments. There is an oil boom happening in the area and they are drilling half a mile away. Appraised that I could rent it out for approximately $850 per month. It’s in rural area of Texas but I don’t think finding a tenant would be an issue. Advice? + +Update: My loan just got approved and we are closing on the property. This whole process has got me really interested in real estate investing and I have already read several books. I want to thank y’all for your patience with the newbie and the engagement with this post! I’ll continue to visit this community daily to learn even more. +Me and my wife found a really great deal on a house and are trying to figure out how to make the down payment. My wife has < 20,000 in her 401K but no longer works at a job that offers any benefits so the money is essentially just sitting there. We have a baby on the way and she's not planning to work anywhere anytime soon that offers benefits / 401K so the account won't be growing (aside from interest). + +Since the money won't be growing *much* we're trying to decide if we should just withdraw all of it so we have cash on hand for when a good opportunity comes along to buy a house or keep it in there, since we know the tax implications and fees associated with withdrawing early may make it not worth it. + +Thoughts? +https://twitter.com/Fxhedgers/status/1438008812569464836 + +>CHINA TELLS BANKS EVERGRANDE WON'T PAY INTEREST DUE SEPT. 20 + +https://twitter.com/Fxhedgers/status/1438016209765605377 + +>FITCH WIRE: FITCH DOWNGRADED CHINA EVERGRANDE GROUP TO 'CC' FROM 'CCC+' ON 7 SEPT, INDICATING THAT WE VIEW A DEFAULT OF SOME KIND AS PROBABLE + +More context: + +https://www.reuters.com/business/fitch-says-possible-china-evergrande-default-may-have-broader-effects-2021-09-15/ + +>Rating agency Fitch said that numerous sectors could be exposed to heightened credit risk if China's No.2 property developer Evergrande Group (3333.HK) were to default, although the overall impact on the banking sector would be manageable. + +>Evergrande is scrambling to raise funds to pay its many lenders and suppliers, as it teeters between a messy meltdown with far-reaching impacts, a managed collapse or the less likely prospect of a bailout by Beijing. read more + +>Regulators have warned of broader risks to the country's financial system if the company's $305 billion of liabilities aren't contained. + +>"We believe a default would reinforce credit polarisation among homebuilders and could result in headwinds for some smaller banks," Fitch said in a note late on Tuesday. + +>Fitch downgraded China Evergrande Group to "CC" from "CCC+" on Sep. 7, indicating that it viewed a default of some kind as probable. + +>On Tuesday, Evergrande said it has engaged advisers to examine its financial options and warned of cross-default risks amid plunging property sales and lack of progress in asset disposals. read more + +>Fitch said 572 billion yuan ($88.8 billion) of Evergrande's borrowings were held by banks and other financial institutions, but banks may also have indirect exposure to the developer's suppliers, who are owed 667 billion yuan for goods and services. + +>"Smaller banks with higher exposure to Evergrande or to other vulnerable developers could face significant increases in non-performing loans (NPLs), depending on how any credit event involving Evergrande develops," Fitch said. + +>But the agency added a recent People’s Bank of China sensitivity test showed the average capital adequacy ratio of the 4,000 banks in the country would only drop modestly if the NPL ratio for property-development loans were to rise by 15 basis points. + +>Evergrande's Hong Kong-listed stock slipped as much as another 5% to HK$2.82 on Wednesday morning, a fresh low since Jan 2014. + +>Its property management unit (6666.HK) and EV unit (0708.HK), however, bounced as much as 10.4% and 9.3%, respectively. + +>In the debt market, Evergrande's Shanghai traded July 2022 bond fell 5.6% to 28.3 yuan, while its dollar bond due March 2022 dropped 20% to 27.502 cents, yielding more than 500%. + +>Fitch also said the risk of significant pressure on house prices in the event of a default would be low, and it expected the government would act to protect households’ interests to ensure home deliveries. + +>On Wednesday, roughly 40 protesters stood near the entrance at Evergrande headquarters in Shenzhen, prevented from going inside by dozens of security personnel. + +>This followed chaotic scenes at the headquarters two days earlier, as disgruntled investors crowded its lobby to demand repayment of loans and financial products. + +>Some videos circulating on Chinese social media also showed what were described as Evergrande-related protests elsewhere in China. +My brother wants to run the AC at 72°-74° throughout the day to cool down our 2,000 sq ft house. Last month, 5 people were living in this house and the electricity bill was $250/month. My dad expects our bill to be around $500-$600/month from running the AC. My dad works for an electrical company so I trust (and dread) the reality of his prediction. + +Background: My brother & I both run really hot and we live in a desert city (dry heat) that is about 100° hot every day from May-late August. +My brother plays games on his PC ~12 hrs/day (this will not change so something else has to). This causes his room to be VERY hot (noticeably warmer than other rooms in the house). He does turn his PC off when he’s not using it. +I have a small carbon foot print. We have lots of natural light so we rarely use lights. We also don’t run the dishwasher/ laundry often. + +Another concern I have is that my brother can be forgetful. I work out of town ~6 days/month so I’m not there to “monitor” and turn off the AC/ open windows at night. Six days with the AC running constantly will add up. + +Note: I do not mind him running AC when necessary, but it has to be reasonable. I suggested my brother buy an air cooling unit to cool down his room instead of running the AC to cool down the whole house. We are thinking of the Dyson Pure Hot + Cool Air Purifier. + +Any suggestions on getting a cooling unit? Do cooling units save much money? Please give me any/all advice on how to save for our electrical bill 😊 +Don’t you find it crazy the amount of people +who don’t understand tax brackets, people in their 30/40s I speak to really have no idea, and they’ve been paying taxes for 20+ years! It’s shocking! Like a good proportion don’t realise you only pay tax on the amount in each bracket, not in total! So many don’t do overtime for the fear of going into the 50k earnings! + +What other things that people don’t know have surprised you? +Don’t you find it crazy the amount of people +who don’t understand tax brackets, people in their 30/40s I speak to really have no idea, and they’ve been paying taxes for 20+ years! It’s shocking! Like a good proportion don’t realise you only pay tax on the amount in each bracket, not in total! So many don’t do overtime for the fear of going into the 50k earnings! + +What other things that people don’t know have surprised you? +https://www.ft.com/content/ce87f48a-7208-11e5-9b9e-690fdae72044 + +I wonder, do billionaires whose wealth is initially mostly through their massive ownership of one stock start selling as soon as possible in order to diversify? +I see lots of doom and gloom regarding starting a cafe in this sub, but I can’t reckon this advice with the business plan I have put a lot of research into regarding a coffee trailer. + +How important is location? I ask this because I have a location which has no nearby competitors within 600m, is right near a bike /high traffic path, has $80 month fee for use (state reserve land) and is in a high income area. + +This is NSW (near Sydney) for reference, and would give me exclusive use of this park area for 3 years. I’m passionate about coffee but willing to work like a dog as well, not expecting to make bags. + +Can someone hit me in the face with reality? I’m nervous about it but I’m also a bit optimistic. +https://www.moneycontrol.com/news/business/markets/wall-street-pares-gains-as-report-says-trump-to-declare-national-emergency-5032561.html + +4 (mostly) well run banks have been roped in to bail out Yes Bank along with the government's second favourite funding agency (first being LIC), what do you guys thing about the deal? + +There was also talk about Jhunjhunwala and Premji being asked to buy equity in Yes. + +Apparently, the new investors are getting shares at Rs 10, which is quite a deep discount from the Rs20 levels they currently trading at. But the question will still remain on what is the expected RWA size we will see after the board meeting on Saturday. +Okay guys, so after quite a few years, I'm quitting trading altogether. + +Through my years, I've had some great days and some bad ones. I remember staying up nights on end looking at the price, roaring with happiness when my position went up 20% and sighing when my stop losses were hit. I've had some amazing fun and invested hours upon hours of my life into crypto. I'd earned a LOT by reselling stuff in real life and putting it into BTC in the $200-600 range. My net worth was pretty huge and I was essentially set for life. Being young, I have very little in fiat: the majority of my holdings were in BTC. + +All because of one position, I lost it all. Yes, I know it was stupid. Yes, I know you shouldn't short, especially in a bull market. Yes, I know that I should have cut my losses fast. From the first worrying -2 BTC to the slightly terrifying -20 BTC, watching my losses grow and grow. Everyone told me to close the position: but I told them, are you retarded? Do you want me to close out with a $2,000 loss when it's so clear DASH is going to crash? Do you want me to close with a $10,000 loss when this is clearly a bubble? Do you want me to close with a $50,000 loss when I can easily make $20,000 if I just wait this out? + +I was so damn certain that DASH was going to fall. And, it kept hitting new all time highs. I thought I was smarter than the market, I thought I could time the bubble: but guys, remember. *It just doesn't work.* + + +So, I've decided to stop trading 100%. It's a drug to me. (Even after being liquidated, can you believe that I converted the rest of my bank funds to Bitcoin and shorted more? I made a horrible decision in a fit of rage and I regret it so fucking much.) + +My final margin call: https://gyazo.com/8cba2eb983f4ff6733a0b8b4807f358a + +I hope that some people here will be able to learn from me and never let their losses grow to what they can't afford to lose. For years, I have been content with my life and sufficiently "well-off" in the knowledge that crypto is huge and I have enough money to live comfortably. I'm crying as I type this, because this is the worst moment of my life. So many fucking years of working, and all gone in days. I'm no longer rich, or well-off. I'm going to have to fucking bust my ass, bit by bit, to slowly recover - and I don't even know where to start. The pay I'll get when I start working ($10-20ish) seems like literally nothing compared to the thousands I lost. And if crypto really takes off, I'll always have regrets about what could have been. + +Honestly, I'm just so done with everything. My head hurts, I can't stop crying and DASH is still going up. Good bye, I hope all of you have a great day. + +Here's my BTC address, if anyone's feeling generous. +EDIT: removed + + + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I believe this is a weakness in our community; identifying with these sort of titles. We have already stated that post your actual positions is not ok here and still, we have seen posts reach the top that break this rule. + +I do not believe this is necessarily nefarious, maybe some people don’t understand the rules well, there’s a shitload of people here lol. However, it’s still not ok and I think, as a community, we should go further to stop the use of even the current digit system. + +I believe that the future of this subreddit relies on the same things it always has, be excellent to each other, ape not fight ape, buy, hodl, vote. + +The identification of x, xxx, etc, is a weakness for division in our community. Apes know that it doesn’t matter if you’re a x or an xxxxx hodler, ape is good ape. Ape is friend ape. A.P.E ALL PEOPLE EQUAL. + +There is no reason to continue to use this system as it is a way to divide us into groups by shills or others and pit us against each other. It doesn’t matter IN THE SLIGHTEST how much money each individual ape has in the stonk. While yes we haven’t been posting actual numbers, this digit system is still an easy target for a way to group apes up and divide apes. This is especially dangerous with everything we have seen going on in the market, banks, fed, and crypt0. + +It’s more important than ever now that things are getting exciting again that we understand how important anonymity is in this situation. The people we are against are super powerful, really really smart and have a lot of connections, they could potentially be dangerous. Protecting your identity and position should be top priority here on out. This is not a once in a life time situation. This is a one chance ever, ever situation. The less everyone knows about each other from this point on the better. + +I don’t care what other peoples positions are or what number could make who a millionaire/billionaire. This kind of thinking is really bad, more than ever as we see more possibilities of widespread site outages and even internet and cellular data slowdowns. We know the other side can literally control MSM. + +Again the digits of another apes position is stuff that shouldn’t concern you. Dismantling a worldwide system designed to give advantages to those already in powerful positions is for real what is happening. That’s what we’re all thinking about and it’s getting closer and closer. The people caught the higher ups of society being shitty and now they legit NEED to try and convince everyone that everything is ok. But it’s sooo not. + +Anyways, Apes know it’s all fucked. If we continue to identify with others who claim to be in our own “x tier” or whatever it, with out a doubt, will lead to posts dividing apes into how many share we have. Yeah sounds bad right? We + +So please, can we try and stop upvoting posts and comments that use their position in the stonk as a way to be credible? If they say they own shares, and they’re not selling, no more information is necessary. Not my personal floor, not yours, not theirs. Not when they bought, not how much they bought for, Ape always excellent to other Ape. + +And finally, I love each and every single fucking one of you. Seriously. +Hey what’s up apes & apettes. + +So I’ve been thinking about this whole situation and here is my theory, backed by little to no evidence. + +1. Why tomorrow is the start of the run up + +I believe that tomorrow is when the marketplace gets unveiled and all the massive partnerships start dropping. + +Why? I’m glad you asked. + +A. As we know, none of the communication strategy under RC is random. RC is out for blood, and he really loves fucking with SHFs on Fridays. This is when the option chain has the highest chance to blow up. My memory is a bit hazy but I believe that the last few run ups were Fridays too. + +B. Tomorrow is the 27th… which is the number of moons of Uranus. Cohencidence? I think not. + + +2. Why tomorrow is only the start + +The whole system will not break tomorrow. But it will show it’s first crack. I expect a 100% run tomorrow. +The combination of FOMO after the launch, RC buying more and Cost To Borrow going through the roof will make it absolutely untenable. + +But as we know, if the MOASS starts tomorrow, getting all these shares back will take many days, if at all possible. + +3. Why this will continue next week + +If tomorrow the option chain blows up, MMs will have to find shares next week, amplifying the ramp up. +So next week, as the price soars and the news about partnerships keep dropping, the price will start getting in the thousands. FOMO will be ridiculous. Everyone will join in. + +4. The share split. +The day after the shareholder meeting, the share split will be executed. + +But you don’t do a share split of 7:1 when the price is $100. Sure, it may force some buyback but… it makes a lot more sense when the price is in the thousands to lower the price so that FOMO continues as people can still afford it! + +So it’s important that the price be very high even before the meeting. + +5. The Executive Order. +That’s happening on the 3rd and that will further fuck the players holding Chinese military shares as collateral. + +Ladies & gents, apes & apettes, dogs & bitches, I think that next week we are ending this. +And it all starts tomorrow. +It's okay to be hyped up and excited about tomorrow. It could be a fun day for those long on GME. So hype it, meme out, do whatever you like. + +&#x200B; + +It's okay to be anxious to get those official DRS numbers (ending Jan 31, 2022). It's okay to want to see a run up if the news is good. I'm not selling on a little run up. I guess a few folks with options are praying to the gods, but those of us long? Not an issue. Not going to sell tomorrow no matter what happens, good or bad. But if you think they will magically short it to infinity due to a bad report, we can only hope! Because then it really will be the best day ever. If they can pull a fucking rabbit out of their hats and actually short this fucking stock more (just holding shares for the last month trying to be first in line to run it down on earnings - 100% utilization) due to a bad earnings, that dip will put millions of new shares in investors pockets. Are they going to beat it down to the 60s? They will never understand. A lot of us have 1 goal, LOCK THE FUCKING FLOAT THROUGH DRS. Unlike last time when none of us even knew about DRS and we had no idea what ladder shorting was, or if the price would go to zero because we didn't understand market caps and a companies fundamental value, some people held, but a lot of people were shook off the stock as it hit $40 a share. This time? Oh boy. THIS TIME? This is suicide for the hedge funds if they do that. We aren't going to wake up one day and give up. We've been dragged down from $250 to $75 in 3 months. We don't care. Drag us down $70 more so we can lock the float instantly at 5 dollars. + +&#x200B; + +These guys really fucked up if they think we're scared of being shorted anymore. I'd rather go to fucking $20 a share than $220 again and hang out for a fucking year. Because I'm not selling at $220 again/again/and again. But I will put the house on $20 a share. The only thing I am anxious to see is what they do when we lock the float and they have all these fucking synthetic shares floating around like, "oh shit... we done fucked up shorting GameStop for the last 5 years thinking we wouldn't have to pay back a penny!" + +&#x200B; + +To all the new apes that bought in at 75-85, congrats for getting your moon tickets so fucking cheap. But buckle up. Be excited for tomorrow, but if things go down, just know this, these longs that have been holding for a year, are waiting for a dip to lock this fucking thing up. Cheap price, 1 catalyst, shares DRSed, instant moon. Part of the catalyst will be having these shares so cheap that EVERYONE wants at least one. When it gets to the point millions of people can spend a hundo and get 2 shares for the fuck of it? That's more of a problem than 100 people buying 1000s of shares. For one, THEY WILL HOLD. Because who the fuck sells 2 shares? + +&#x200B; + +&#x200B; + +TL/DR: Don't worry about hyping up an earnings report this time. It's DIFFERENT this time. The price is different. We've been beat down all year and don't care. We're good. We're zen. They've now shorted themselves into a fucking corner. We can ENJOY this earnings report and know, up or down, we're fucking ready. +I made a program that will compile the most Discussed Penny Stocks on Reddit and tracks their DDs + +*Not all blind mentions are counted, only discussion centric and DD mentioned are counted* + +**Scroll to the right to view full table** + +## Data + +|Ticker|Mentions|Name|Industry|Previous Close|DD|5d Low|5d High|1d Change (%)|5d Change (%)|1mo Change (%)| +|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-| +|DFFN|6|Diffusion Pharmaceuticals Inc.|Biotechnology|1.24|[$DFFN Diffusion Pharmaceuticals Potential to Move Higher (Currently 1.25) (DD)](https://reddit.com/lilxqa)|1.09|1.54|13.76|\-6.06|1.64| +|TAKOF|2|Drone Delivery Canada Corp.|Computer Hardware|1.65|[Explained like im 5 why im bullish on TAKOF. Drone Delivery Canada.](https://reddit.com/ljdaft)|1.38|2.01|\-2.08|13.79|133.71| +|ARBKF|2|Argo Blockchain plc|Capital Markets|2.72|[$ARB/$ARBKF - ARGO Blockhain DD](https://reddit.com/ljpqxl)|1.49|2.74|36.68|61.9|70| +|GRST|2|Ethema Health Corporation|Medical Care Facilities|0.0075|[GRST - Ethema Health Corporation - The massive upside potential drug and alcohol treatment facility - Huge DD](https://reddit.com/lik7qo)|0.00434|0.0084|\-6.25|63.04|150| +|AITX|1|Artificial Intelligence Technology Solutions Inc.|Computer Hardware|0.2368|[$AITX DD : Current Legitimacy and Implications of Holding Long Term](https://reddit.com/ljt0gf)|0.159|0.2899|\-8.71|48|719.38| +|NBY|1|NovaBay Pharmaceuticals, Inc.|Biotechnology|1.19|[NBY - Buy while it's low, product going to shelves soon and they discovered their product kills COVID-19 on hard surfaces...](https://reddit.com/lioakr)|1.03|1.26|4.39|14.42|22.68| +|BRRN|1|Born Inc.|Specialty Industrial Machinery|3.785|[Is BRRN merging with Alkeon creators inc?](https://reddit.com/lj3j0j)|3.13|4.5|\-7.23|16.46|\-1.69| +|SND|1|Smart Sand, Inc.|Oil & Gas Equipment & Services|2.87|[Why I believe in SND as an Oil Play](https://reddit.com/lj1q73)|2.07|3.12|8.55|38.65|40| +|NAKD|1|Naked Brand Group Limited|Apparel Manufacturing|1.44|[This is how I expect NAKD to play out](https://reddit.com/lir7oi)|1.1|2.18|9.09|18.52|183.97| +|DPW|1|Ault Global Holdings, Inc.|Electrical Equipment & Parts|5.66|[$DPW The BTC/EV play everyone is missing](https://reddit.com/lipe9d)|4.67|5.83|11.42|18.66|27.19| +|CTMX|1|CytomX Therapeutics, Inc.|Biotechnology|9|[$CTMX - CytomX Therapeutics: A BioPharmaceutical Company thought to be overvalued, now realized to be undervalued set on a 300%+ return course.](https://reddit.com/lillz0)|8.048|9.32|8.96|9.09|17.49| +|CLBS|1|Caladrius Biosciences, Inc.|Biotechnology|2.33|N/A|2.06|3.05|10.95|2.64|43.83| +|GLBS|1|Globus Maritime Limited|Marine Shipping|5.95|[GLBS is definitely something worth checking out guys.](https://reddit.com/likevh)|5.7|7.14|\-2.62|0|\-14.88| +|NOSUF|1|Nerds on Site Inc.|Information Technology Services|0.0532|[Why $NOSUF is criminally undervalued](https://reddit.com/lijmxd)|0.03269|0.0565|15.65|62.74|40| +|CBDL|1|CBD Life Sciences Inc.|Drug Manufacturers—Specialty & Generic|0.01|[$CBDL - Partnership with Amazon in final stages](https://reddit.com/lija15)|0.0039|0.0198|\-16.67|138.1|566.67| +|MMEDF|1|Mind Medicine (MindMed) Inc.|Biotechnology|4|[Predicting trends in emerging markets. From cannabis to psychedelics. History, milestones, and a speculative look at MindMed ($MMEDF).](https://reddit.com/liivhc)|3.38|4.18|\-0.5|10.5|41.04| +|TLGN|1|Totally Green, Inc.|Pollution & Treatment Controls|0.186|[TLGN - green play flying in stealth mode](https://reddit.com/liipsa)|0.039|0.25|116.28|132.5|272| +|ABEO|1|Abeona Therapeutics Inc.|Biotechnology|2.96|[Weekend Play: $ABEO](https://reddit.com/liib6q)|2.62|3.79|\-10.84|10.86|60.87| +|SOS|1|SOS Limited|Software—Infrastructure|7.44|N/A|3.26|7.76|35.77|77.57|195.24| +|HITIF|1|High Tide Inc.|Pharmaceutical Retailers|0.6149|[\[DD\] $HITIF, the vertically integrated PROFITABLE weed stock with MULTIPLE revenue streams!](https://reddit.com/lja9ek)|0.579|0.886|\-5.4|\-10.87|188.73| +|GTLL|1|Global Technologies, Ltd.|Conglomerates|0.02295|[GTLL - Big gains ahead?](https://reddit.com/ljqu9l)|0.0125|0.0359|\-12.07|20.79|2450| + +## Source Code + +[GitHub](https://github.com/iam-abbas/Reddit-Stock-Trends) + +## What's more + +I will post this thrice a week. I am working on a web app that can access this data in real-time with additional filters. If you want to support this consider [buying me a coffee](https://buymeacoffee.com/abbas). + +## This is not financial advice. It is only meant to help you do your own DD +I have posted before on Online Portfolio Selection, which is my favorite trading family of strategies. +I use, in real trading, much more sophisticated metrics (with much better results, like 2x easily per year) but with a very similar general trading philosophy as in the following interesting and pedagogical exercise. +OLPS rely on a predictive measure of performance to dynamically select weights for the next trading period for each asset in the portfolio. Some OLPS use a mean return and other a trend following approach. The weights are proportional to the predictive measure and they are updated at each iteration. +In this exercise, I wanted to see if the simplest possible predictive measure could work. What could be the simplest possible predictive measure? Of course, the price change today = the price change tomorrow. +I took the stocks in NASDAQ 100 and then sorted the stocks in terms of their price ratio (the price of the stock today vs yesterday). Then I used both a mean return and momentum following strategy. Instead of weights, I selected the best performing and worst performing stock according to this simple-minded metric. +By themselves, each of these strategies does not work very well (try it). +But then you can optimize (using the walk-forward optimization) between the two strategies (mean return and momentum). Basically test continuously on short time scales which one is doing better (mean return or momentum following) in recent market conditions and select the stock from the best performing strategy in that testing interval. +Such a simple and almost parameterless strategy gives surprisingly good results: a cool 5x in about 3 years, which is much better than most ETFs. +Not necessarily the best algo trading in the world but a decent Sharpe and gains and an exercise to demonstrate how a simple, robust approach can give a strong performance that outperforms easily the market (the fully market efficiency theory is clearly wrong in short time scales). Try this exercise yourself and I think you will gain a lot of intuition. Let me know if you need help in setting up the algo. + + +https://preview.redd.it/42buyyzgy0u61.png?width=1151&format=png&auto=webp&s=eae38a71edd378699e4cbff0481583bd8a133657 +I'm quite pleased with how the bot works not gonna lie, and it was exciting to put it together! + +# What it is: + +It's essentially a Python algo that, in a nutshell does two things: It analyses the Reddit posts sentiment and places trades on Binance when the average sentiment for a certain coin is positive. + +It's a configurable script where you can choose which subreddits to scan, along with more customisation options that I will cover in the How To part. + +I also implemented a test mode for paper-trading so that I can test out how efficient this strategy actually is. To get an understanding into how it works technically, I will refer to some config files that I created in the repo. I have linked to the GitHub repo at the end of the post. + +# How it woks: + +The idea was to capture and capitalise on Reddit sentiment. Measuring this with paper trading is the first step. From there on, I can optimise the parameters of the tool. + +I used the praw python library in order to connect to the Reddit API and pull posts. The code will then look for keywords in the posts' body and title, matching the ones in a config file ( I will share this further down). + +For each post with a matching keyword, we will analyse the sentiment using the SIA analyser from the nltk library and calculate an average between all posts with the same keyword. + +If this is found to be positive, it makes a call to the Binance API and places a trade. + +You can adjust which subreddits it analyses, how many posts/ subreddit are being analysed, how to sort each post as well as the size of each trade and the pairing for each coin. + +**Keywords:** + +It would be a bad idea to let it to just buy anything that makes hot/top on Reddit. That's why I created a keywords file - the bot will only buy coins matching these keywords. You can customise this ofc. + +All orders are stored in a local file. + +The bot will also stop from buying or analysing posts while the same posts are in top/hot, to avoid re-buying on the same signal. + +&#x200B; + +**Running the bot:** + +In order to run the bot you need to create your own reddit app (it's really simple) [https://ssl.reddit.com/prefs/apps/](https://ssl.reddit.com/prefs/apps/) and store your credentials the auth file. + +Lastly, you execute the script using the main file in the repo. + +Here's the GitHub repo for the project: + +[https://github.com/CyberPunkMetalHead/reddit-cryptocurrency-trading](https://github.com/CyberPunkMetalHead/reddit-cryptocurrency-trading) +Good evening my fellow apes, what it do baybeeeeeeee. It's your boy, u/letthebandplay777 back at it again with a major PSA for all apes who haven't fully DRSd their holdings from Fidelity. + +I gave my broker a call today regarding the remaining shares I did leave behind, more specifically, how Fidelity would be handling the upcoming stock split/dividend that GME is proposing. Among calling Fidelity, they informed me that my account is essentially automatically setup to receive dividends of any kind as a CASH EQUIVALENT. Fidelity DOES offer you the option to switch that dividend election to REINVEST INTO EQUITIES, but that is not the "default" selection. You literally need to call them in to change that for you. I'm not 100% positive you can change it yourself via their website, it is possible. + +However I just wanted to point out that if you're either on the fence about DRS, or left some shares behind in your fidelity account, you absolutely need to call/chat with a fidelity representative to make certain your upcoming stock dividend is going to be reinvested as more stock and not just parked into a government mutual account that is a cash equivalent. It seems to be auto enabled. + +Frankly this has spurred me to just consider DRSing my remaining stocks. I find that to be a very shady that they just automatically enroll you into that. However for those who are on the fence and don't want to roll the DRS dice, you absolutely need to call in and elect to receive dividends as equities , opposed to a cash equivalent to gain the full benefits of the split/dividend that is upcoming. + +I figured I'd point this out since I haven't seen it discussed yet. + +That's it for me, apes. Till next time, I'll see you glorious bastards on the moon. 🚀🚀🚀 + +Edit: According to some much more wrinkle brains than myself you can update this on fidelities website too. Me personally was just easier to call and have someone else do it but you most definitely can do it yourself +So I'm a student, and I'm interested in economics and would like to work in finance. + +Is it still worth it to study economics for working in finance in 2022? +My lease is about to expire and I was going to sign a new one. My rent increased a bit this year but not enough to be a huge deal. + +However on my building’s website there is an almost identical apartment for 600 dollars cheaper than what I am currently paying. Can I do anything about this? I didn’t sign my new lease yet but I don’t want to if there’s a chance I could be paying significantly less per month. + +Edit: damn this blew up I wish I had a mixtape + +Edit 2: according to the building managers, the price was a mistake. Oh well +I was really sad to see it go and I'll lose a bit of freedom in the short term but I feel like a huge weight has been lifted off my shoulders and I'm already feeling a lot better about the next 12 months. + +It was the last thing on my debt snowball list (credit card still on there at present) and I didn't realise how much it was affecting me until I sold it. + +I'm really grateful I've got a supportive partner who will share her car with me over the next 6ish months whilst I finish uni as a mature age student. I couldn't do it without her. + +EDIT: Thanks for all the supportive words and sharing of similar stories! Also thank you for downvoting to hell those that decided to comment on my relationship with my partner with zero insight into our situation. + +It's good to see reddit hasn't quite gone full facebook just yet. +Last year I (24f) inherited a significant amount of money that has changed my overall perception of finances to say the least. I have had a financial advisor with a mutual company for a while who is a family friend, who I trust, and obviously I kind of looked to him and his team for guidance because I’ll be the first to say I don’t know a lot about money decisions. + +A few weeks ago, he and his partner advised me to invest in a $200k permanent life insurance policy. Trusting that they were advising me on what was the best choice, I agreed, and paid the $2300.00 annual premium for this year. + +Earlier this week, I had an advising appointment with a CPA, who I’m planning to work with on creating a trust for my assets. I mentioned in our conversation that I had purchased this policy, and he said he wasn’t sure why anyone would advise someone who is 24 and healthy to invest in such a policy. + +I’m mostly wondering if this kind of policy is worth having, and if this really was the best move these advisors could have suggested for me. They explained having this kind of policy to be like “buying a house instead of renting an apartment.” + +Looking for opinions here because I’ve really appreciated browsing this community the last few months and I could use some unbiased feedback. I can provide additional information if I left anything out. Thank you in advance! + +EDIT: The CPA was doing a comprehensive evaluation of my current situation, not planning the trust for me. I have an attorney who I would go through to actually write and establish the trust. My wording did not explain that well! +I see a lot of people who recommend paper trading, but i really think its worthless. You cant compare real money trades with paper trades, because you dont have the same emotions and would never trade the same way. + +Its ok for the first one or two weeks to learn the basics but i would switch to real money as soon as possible. +This will probably be very offensive to most of the bank lovers here, but nevertheless... + +* * * + + +Canadians love their bank stocks. Maybe too much. + +Over the past few decades, the country’s biggest lenders have rewarded their shareholders with generous dividends on top of big capital gains. After so many years of sterling performance by bank stocks, multitudes of Canadian investors are now heavily invested in shares of the Big Five, confident that further gains by the financial giants will help finance their retirements. + +It may be time to rethink that bank-heavy strategy. Canadian banks aren’t going to go bust, but their future is nearly certainly going to be less bright than their past. + +Among the headwinds facing Canadian lenders is the near-record level of debt among Canadian households. That crimps possibilities for further bank lending, especially if the pandemic proves to have a long-lasting effect on economic growth. + +In areas such as wealth management, Canadian banks confront growing competition from fintech rivals that promise to deliver state-of-the-art advice at rock-bottom costs. Meanwhile, they must grapple with a domestic market that is already saturated with traditional banking services. Increasingly, Canadian banks are looking beyond Canada for growth, but their foreign ventures have yet to deliver a gusher of profits. + +Most worrisome of all is the corrosive effect of lower-for-longer interest rates. Short-term policy rates in Canada and the United States are now hugging zero, while 10-year Government of Canada bonds pay only about 0.63 per cent. + +This low-rate situation is likely to persist, not just in Canada but around the world. Jerome Powell, chair of the U.S. Federal Reserve, made it clear in a speech this week that he sees U.S. interest rates staying down for a long, long time to come. Also this week, Isabel Schnabel, a member of the executive board of the European Central Bank, delivered a rousing defence of the ECB’s negative-rate strategy. + +Banks find it difficult to prosper when interest rates fall to near zero. Consider Japan, where the yield on the benchmark 10-year bond plunged from more than 8 per cent in 1990 to below 1 per cent in 1998 as the economy slid into a deflationary funk. + +The combination of low interest rates and slowing economic growth devastated Japanese banks. Their shares lost half their value on average between 1998 and 2011. + +At the time, many people tried to blame the dismal performance on the peculiarities of the Japanese economy. However, subsequent events have demonstrated that other countries’ banks are equally vulnerable in similar circumstances. + +In any economy where growth is slowing and interest rates are falling, banks suffer. They have to grapple with slumping demand for new loans. At the same time, they need to set aside more money to offset future loan losses. + +Banks also make less profit on every dollar they do succeed in lending out. This is because banks generate much of their earnings by borrowing short and lending long – that is, paying savers relatively little in exchange for short-term deposits, while charging borrowers considerably more for longer-term loans. + +The spread between the deposit rate and the lending rate is known as the net interest margin. The bigger the net interest margin, the better for a bank’s bottom line. But low interest rates squeeze margins by reducing lending rates. Bank profits suffer as a result. + +European banks have seen how ugly this math can get. The continent’s lenders suffered brutal declines in their share prices after 2014, when the European Central Bank dragged some key interest rates into negative territory in an attempt to spark an economic revival. + +The euro zone’s big banks – including BNP Paribas SA in France, Deutsche Bank AG in Germany and Banco Santander SA in Spain – now trade far below their 2014 prices. Over the past five years, the iShares MSCI Europe Financials ETF has lost 5.3 per cent a year. + +Investors appear to have concluded that U.S. banks are equally vulnerable. The KBW Nasdaq Bank Index, a yardstick for U.S. bank performance, has tumbled 31 per cent this year. + +Warren Buffett, for decades a big investor in bank shares, is slashing his bets on many major U.S. financial institutions. According to regulatory filings in August, he sold billions of dollars worth of shares of JPMorgan Chase & Co. and Wells Fargo & Co. He also dumped the remainder of his Goldman Sachs Group Inc. stock. + +John Higgins, chief markets economist at Capital Economics, believes investors should step away from the banking sector. He argued in a note this week that financial stocks in general will continue to lag behind the broader market as rock-bottom interest rates continue to squeeze net interest margins. + +“The valuations of many financial firms are now very low from a historical standpoint,” he wrote, noting that the typical bank now trades below its book value. “Nonetheless, we anticipate that their valuations will remain depressed.” + +Fans of Canadian bank stocks may want to ponder whether there is any good reason to think this country’s bank shares will be exempt from the global malaise. + +This country’s big lenders do offer some undeniable virtues. Most notable are their diversified business models, which span not just lending, but areas such as wealth management and capital markets that can generate fee income even in a low-interest-rate environment. On top of that, Canadian banks take pride in their cautious approach to risk management and their high levels of equity capital in comparison to their assets. All of that bolsters confidence in the Big Five’s ability to maintain dividend payouts. + +But will that be enough to stave off the problems facing the banking sector? It seems unlikely. Japanese and European banks boasted many of the same advantages, but failed to prosper in low-rate environments. + +If anything, Canadian banks appear especially vulnerable because of their relatively high valuations. Royal Bank of Canada, this country’s largest bank, trades for 1.79 times its book value. By comparison, JPMorgan Chase, the largest U.S. bank, changes hands for 1.33 times book. If Royal Bank were to slide to a valuation similar to JPMorgan’s, the pain for Royal shareholders would be severe. + +Investors in Canadian bank shares should keep their expectations in check. The dividends will keep on coming, no doubt. But hoping for a lot more than that may be a stretch. + + https://www.theglobeandmail.com/investing/markets/inside-the-market/article-is-it-time-to-rethink-the-bank-heavy-strategy/ +I am genuinely looking for advice here specifically because this is a forum where people have money to allocate to a problem. + +I have a brother who rapid fire has taken hit after hit. I'm talking business closures from covid, his wife died unexpectedly, business partner died slowly, theres multiple lawsuits as a result of these deaths that are business related I could go on for a page. None of it really matters for the purpose of this post. The result is that he is basically frozen. His mental state is so degraded that he can't do the basic things right now. He has a serious business, and plenty of money. This is gonna be gone soon if someone doesn't step up to the helm and do basic things like answer emails. Open mail. Talk to creditors. Just deal with shit. + +We gotta find someone. Someone to sit next to him and be like okay give me the context for this letter so I can call them and deal with it. It's personal and professional and no one who works for him currently is capable of doing this. I run my own day to day and some of my own distress is correlated to his.. Im not strong enough to step up and do this for him. The grief were both experiencing is too much. He needs a professional.. someone unaffected and well. Head screwed on straight that can be like I got this.. not on the verge of their own mental breakdown. So I google crisis management but it's all PR bs. + +Has anyone ever dealt with someone or service like this that can step in times of major distress and just deal with things? Not put people off til things get better but people skilled enough to get to resolutions. + +We have money. We can pay whatever it costs. I just don't know what to look for specifically. I don't want both of our businesses to go under bc I try to help him when I'm not in any condition to myself. + +I'm asking here bc people here are more likely to know services, firms or people who do this. Im hoping. +Recently a friend of mine shared a link from Scientific American where Stiglitz basically argued that GDP was a very bad measure for improvement of quality of life since it missed so much from the picture, how much of a consensual view is that between economists? +#SafeGem Finance + +SafeGem is a hyper-deflationary BSC token with real-world applications. The project's objective is to build a marketplace for precious gemstones and jewellery authentication based on the blockchain technology. + +&nbsp; + +The team has worked hard to get to the NFT stage, and they have gone a long way. The team discussed the project's business insights and progress. SafeGem is known for filling a gap in the crypto market that has a lot of promise. Furthermore, SafeGem's usecase and demand in the jewellery sector have been confirmed by leading jewellers and B2B enterprises. The team has also developed an Advisory Program through which they collaborate with other businesses to enhance their business case and usability while also forming long-term connections. + +&nbsp; + +Here's what SafeGem has achieved so far! + +• 40,000 Holders +• $2m Market Cap +• Website Rebranded +• CMC, CoinGecko, Stocktwits and other majors listings +• Advisory Program launched with participants from Jewelry industry +• First NFTs of the platform successfully minted by Devs +• NFT Contract halfway completed by Devs (which was originally planned for Q4) +• Marketing with several influencers and CryptoNews Australia + +&nbsp; + +As part of their marketing plan, they have sponsored this article at CryptoNews Australia to raise awareness about their utility and demand for their usecase https://cryptonews.com.au/safegem-token-innovative-jewelry-nfts + +#Roadmap (June - September) + +• Marketing Phase-1 (Q2 - In Progress) +• SafeGem Mobile Wallet & Crypto Education App (Q2 - In Development) +• Blockfolio listing (Q2) +• Small-Mid tier exchange listing (Q3) +• Partnership Announcements (Q3) +• Marketing Phase 2 (Q3) +• NFT Marketplace (Q3) +• Team scaling (Q3) + +#Join the Community + +BscScan: https://bscscan.com/address/0xDfDec49462f7D3C3b0A48E729F77A0645CDFA7c0 +Website: https://safegem.finance/ +CoinMarketCap: https://coinmarketcap.com/currencies/safegem-finance/ +Telegram: https://t.me/safegemtokens +Reddit: https://reddit.com/r/SafeGemFinance +A lot of wishes and praise for a crash and mentions of an unproductive asset, but imagine saving 100k for a deposit, buying a house because renting is literally shit in this country, then it’s 100k less in two years. + +Is it really that hard to see why people don’t want their most expensive purchase in life to tumble in value? + +It’s getting really annoying seeing the “haha! Stoopid homeowners, I’m gonna buy ya house off you in 2 years time because you can’t afford the loan anymore!!! Yeah, baby! Bring on the crashes!!!!!”-posts. + +Anyway, downvote me into oblivion, just thought I’d share another opinion. + +*EDIT* A lot of replies saying “you own a house, so what if it’s worth 50% less in 10 years? You don’t lose anything unless you sell” + +All the people that bought before 2019, yeah, I get your point. They all got huge capital gains. They can stand a few bucks off their net worth. + +I’m just saying if you had to borrow 600k, when if you had waited for a year, and you only had to borrow 400k, making your 30 year mortgage a 15 year mortgage, that’s 15 years of unnecessary repayments that you could’ve had another kid with/seeing the world, spent on your life somehow, or whatever. + +That’s my point. +Feelin' Frustrated, Might Delete Later, IDK + +Maybe this should go in r/offmychest, but here I am... + +&#x200B; + +A little history/background about myself: + +* My family moved to the US from Asia when I was a baby. Didn't have much savings. My family has been poor long before I came into the picture. My mom moved me and 3 of my brothers to the US because my dad's father was sick and he wanted to be close. +* When we got here, my parents' marriage deteriorated due to an affair my father had and they got divorced. Mom received child support. +* Mom worked 2 jobs to put food on the table. Once she passed 50, she found it hard to find work. I remembered going days without eating. My brother would take the car and go party with his friends... I guess it was his way of escaping this life. Mom and I couldn't get to the grocery store. Our fridge didn't work, so we couldn't keep fresh food in the house. Lots of roaches. We didn't have heat in the house nor hot water to take showers. We basically had enough for the mortgage and that was it. She was too proud to ask for assistance and I'm not even sure we qualified because she was not a citizen. +* As I grew older, my brothers moved out of the house. After nearly a decade of financial struggles since the divorce, my mom started a restaurant. I worked in it from ages 10 - 18 despite child labor laws. My mom refused to hire enough people and refused to pay me my wages when I could legally work (Age 16). What little I made in tips, I saved. I didn't have a social life in high school because I worked 40+ hours a week. I barely had the energy to study or finish homework because I worked so much. I would get called stupid by some teachers because I seemed so lost during lectures, which totally shot my confidence. I had to drive myself 2+ hours away to take the SAT that started at 7 AM because the testing center in my town filled up. My mom took no interest in my academic success. Needless to say, I bombed it and didn't get into the colleges I wanted. I busted my ass the last year of high school and took AP classes to prepare myself for college. She wanted me to stay and help her run the family business, but I needed to get out of there. We fought a lot. She would guilt me and tell me, "This will all be yours someday." And, "I'm doing this for you." Since my brothers all left and didn't help her. She took advantage of them, too. +* I have this one brother that used my family and me like a piggy bank. He didn't graduate from college and took meager jobs. He's horrible at managing money. Even when he did have a well-paying job at $60k+ a year, he'd blow it all. Then ask us for money. If we wouldn't give it to him, he'd threaten suicide. I remember being 6 years old and begging him not to kill himself over the phone. Once he gets money, you don't hear from him until the next time he wants some. I remember giving him $200 here and there from when I was 14 until I finally put my foot down at 26. He would always call and say he needs money ASAP and that he's living in his car and he needs to eat NOW and get a hotel room so he can shower. You'd have to spend extra and wire the money via Western Union. After you wired it over, he would confirm he received it, wouldn't even say thank you. You wouldn't even hear from him until the next time he needed money. I refuse to give him money anymore, but my mom will still give him a few hundred dollars here and there. +* When I moved away to college at 18, I basically didn't have a job just to give myself a "vacation". I just went to school. However, my parents didn't help me with tuition or expenses, so I ran out of the money I saved quickly. I got a part-time job at the university in order to pay the rent and have food to eat. It was just minimum wage. After a year or two, I asked for some money to fix my car, my mom wouldn't give it to me. She had been collecting my child support from my father without giving me a cent. $500 a month would have helped me pay rent and have food and maybe some more to save for fixing my car when it would break down. As a result, I took out extra student loans just to make things work. I know it was really stupid, but I didn't have choices. I would go to the food bank at a nearby church and spend $30 on an allotment of food. +* In 2010, I graduated after a hard road of working full-time and going to school full-time (it extended my graduation date by a year.) But I was the first in my family to do so. Unfortunately, I graduated at a pretty rough time in the economy and struggled to land a job. Even though I had been employed in the IT department at my university for 5 years, it seemed it wasn't enough. I decided to go back and get my MBA after 6 months of searching. +* During the time I went to grad school, my mom sold her restaurant after almost running it into the ground. As a business student, I tried to help her and would make suggestions in order to increase profitability. She was too proud to take my advice. She walked away with probably about 25% of what she wanted to sell it for. +* I worked full-time during my MBA. I researched, networked, and cold-called; landed my first job in private equity. I got paid almost nothing, but it was good experience. I convinced them to give me a 3-month internship even though they weren't hiring. I did really well and they decided to keep me on another 3 months. But unfortunately, once a large acquisition went through, they didn't need my extra help anymore and ended my internship. I cold-called places again and landed another PE job in an even smaller shop with even fewer employees. It only lasted 2 months before they couldn't sustain me as an employee anymore. +* A few months later, I graduated and went into another field and had probably one of the worst work experience I've had up until that point. The boss would mock other employees in our management meetings (I was one of the managers). The work environment was very stressful and it seemed he hired as few people as possible and stretched them to work insane hours to get projects done on time. I couldn't take the negative environment, so I left after 2 months. I went on a huge anxiety/depression bout and had a long stint of unemployment... 1.5 years. I lost 10% of my body weight and a lot of sleep. I had panic attacks almost daily. It was a horrible time, but I went to therapy and pulled myself out of it after a year. +* From there, I had landed a temp job at another company in their finance department. I got paid $14/hr which was still only $2 less per hour than my previous job. I loved it there, though and busted my ass. I secured a full-time job with benefits and raised my wage to almost $24/hr. +* Unfortunately, 6 months after my promotion, they moved my job overseas. I wanted to go back to the company though, so I basically took the first job that sounded remotely interesting to me. The pay was $18/hr but I wanted to continue my career there, so I took the pay cut. It was in a different department, and I found out that the old department that I worked in was going to be completely offshored, but they all got to keep their jobs as they transitioned things over the course of 2 years. Turns out, my new job was the worst work environment to date. This boss was 10x worse than the other bad one I had. She would mock employees using speech impediments, berate employees in front of the group, create an "us vs. them" culture with other departments, and encourage her subordinates to be mean to other departments. She was notorious for being extremely mean and tenacious. She would ridicule me and others in the middle of meetings. I stuck this out for a few months but went back to therapy after losing sleep and getting my panic attacks again. A few months later, I went to my doctor and he immediately took me out of work the same day and put me on STD for 3 months. He said the stress was doing horrible things to my body. I came back 3 months later and had better tools gained in therapy to help me cope with the environment. Unfortunately, it was still terrible despite me going to HR and reporting my boss' bad behavior throughout the past year. I couldn't take it anymore and decided to quit after 1.3 years. + +&#x200B; + +Now: + +* I am 32F. Unemployed. Feeling dismal about my situation. +* I feel like my life has been a constant struggle and it seems like I seldom have a good thing going for very long before something catastrophic happens. +* I've never made over $36k in a year. +* I know it's not good to compare myself to others, but I've worked my ass off and still have a hard time seeing the benefits of doing so. My NW is barely $33k. I feel like FI is so far away and that I'll never get there when I want to. I read posts on here and see the "*I'm 22 and I have $70k in NW and I'm sad*" posts and I just want to scream. My NW is half of that and I am a WHOLE DECADE OLDER. Makes me feel like shit, honestly. +* I live with my boyfriend and he basically allows me to live here rent-free. (We live in a $90k condo and he makes $80k - 90k/yr and has been for the past 6 years). I do what I can to help out and do all of the cooking, trying to cut down on the food budget. We've been together almost 11 years now and he's helped me through so much. I'm very grateful to him and I feel like if he wasn't here, I wouldn't be able to make it. I feel guilty and I try to have lots of conversations with him about rent, but he always tells me not to worry about it. +* Right now, I am learning new skills and applying for jobs like crazy. But I feel this cloud looming over that I'm somehow flawed and unable to make more money. I've felt that I've always had to take a lower wage for the sake of experience. But it seems as if it has never paid off. I feel like every 3 steps forward, I take 2 back. +* I'm just so FRUSTRATED. It feels like FI is so far away and I'm so sick of seeing posts of people doing so much better than me. As I've said, I know it's not good to compare yourself to others, but I catch myself doing it a lot and I just get really depressed and cry. + +&#x200B; + +I think this was just a way for me to vent. Maybe I want advice? Maybe you want to commiserate with me? Maybe you want to tell me to suck it up and stop being such a bitch? All I know is I just feel awful and I know I should be grateful for what I do have, but it just gets so hard sometimes and I don't know what the problem is. + +&#x200B; + +Thanks for reading, friend. + +&#x200B; + +**UPDATE 5/13/2019:** + +Wow! Let me just say the response has been overwhelmingly positive and I am very grateful for all the kind words and encouragement! It also has helped me open my eyes to see that I am actually doing great :) + +With all I've been through, you would think I would remember how far I've come. But maybe I bury the past because I don't like the feelings it stirs up; stress, worry, lack. I will try to address these in therapy. I think it is key to moving past this barrier. Part of the reason why I wanted to spill out all this history was to show myself what I've been through. It may sound like I'm just a complainer, but it was truly cathartic. And with everyone's positive responses, it helped me see that I really have made it far even if I am not exactly where I want to be. I just have lofty expectations. Thanks for reading what you did and I hope you get some benefit out of it. + +**If nothing else, I hope people in my similar situation read this and see that it's not always as easy. I think the majority of posts on here paint this picture that FI is just getting a good job and saving more than the average person. But that in and of itself is not as easy as it seems. For the posts that say, "I have a $X NW at Age XX", we seem to just see the numbers and don't really see all the hard work and sacrifice that really goes into it.** + +As for my boyfriend, he gets a daily hug and extra squeeze from me when I go through harder times. He is unwavering in his support... A shoulder to cry on, an ear to listen, and offers great advice. I let him know how grateful I am to him as much as possible. He really is awesome :) + +**FYI:** Since some people have asked, I have a B.S. in Economics. I'm working toward a career that involves statistics and econ. I am currently taking R programming courses as well as SQL on DataCamp. I wouldn't be opposed to going back to finance, though, as I did enjoy all the jobs I've had in that field. +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) +Big things are starting to happen and come to fruition with Ape Token. We’re literally days away from a complete take off. Our hard work and massive efforts are starting to see the fruits of their labour. + +&#x200B; + +\*\*Incoming\*\* + +Big sponsorship/influencer partnerships finalised. + +Exchange Listings soon. + +Twitch & FB Gaming partnerships being finalised. + +Video production (high quality) being completed. + +Internal & External AMAs on going. + +&#x200B; + +\*\*Ape Token 8 Days Old. Up Dates:\*\* + +&#x200B; + +Massive Increase on holders. + +CoinGecko Listed. + +Ape Token’s CoD WarZone competition Today (Hosted via Twitch & FB Games) - 1st of many to come. + +Including streamers from Twitch and FB Games. + +Stage 1 of Marketing - starting to roll out. + +First Official AMA finished. + +&#x200B; + +Website: apetoken.net + +&#x200B; + +Developers: ApeStudios.net (creator of the token and apps) + +&#x200B; + +Binance Smart Chain (BSC) Contract Address: 0x196dC2421AF765c2673FC6093fb1374b28064270 + +&#x200B; + +Telegram: [https://t.me/apetokenofficial](https://t.me/apetokenofficial) + +&#x200B; + +PancakeSwap: 0x196dC2421AF765c2673FC6093fb1374b28064270 + +Ape Token is a friction-less, yield-generating contract which is designed to be used for staking and betting in eSports via their home brew app currently in development. The APE token is built with the Binance Smart Chain. Calling all GAMERS to join us with the spectacular launch. + +You will be able to use APE Token coin to bet on any competitive eSport. Created by [ApeStudios.net](https://ApeStudios.net). An experienced and highly skilled team. + +\*\*Benefits:\*\* + +&#x200B; + +The community aspect coupled with the utility of the eSports betting App will mean the Ape Token will have long-term and short-term gains in value. Holders will have big incentives to hold due to the tokenomics and the additional airdrops via the betting app token accumulation. + +We can't wait to have you onboard, it's time to Ape In! + +Website: [https://apetoken.net](https://apetoken.net) + +Telegram: [https://t.me/apetokenofficial](https://t.me/apetokenofficial) +I thought she was just messing with me but when I googled around, several articles claim that Hermes Birkin appreciates at 14% annually. + +How can it be? It is just a bag. +My mom went to the ER, got checked out, was fine, didn't have a ride because it was 2:30am, so the ER just sent her home \*in an ambulance\*. They didn't even call us to see if we could come pick her up. She doesn't have a cell phone or driver's license, but they had our phone numbers on file. In no way did she need to be sent home in an ambulance. The hospital just did it for their own convenience and liability concerns, I believe. My mom doesn't know anything about money and was just ready to go home so she didn't argue with them. + +Naturally, Medicare denied coverage of this ambulance trip because it was medically unnecessary. The ambulance company sent us a bill for $1,500 to drive her literally two miles back to her home. The hospital is basically saying too bad, it's between us and the ambulance company. The ambulance company said we took her home in an ambulance because that's what the doctor said to do. I looked into appealing Medicare's decision but there is no basis for an appeal. What can we do? This is outrageous. +Hi, it's **bosshax** here, + +You may recall my early ComputerShare DD [**"Computershare is a COMPETITOR to the DTC! Comment Paper from 2008. DRS to Computershare is a big F U to DTC**](https://www.reddit.com/r/Superstonk/comments/pw0opj/computershare_is_a_competitor_to_the_dtc_comment/)**"** from last year. + +Well... it's amazing to see the theory of DTC Withdrawal *working* and actually putting more and more pressure on the system. We're finally starting to see the pain pile on and the cracks in the system widening. + +I make no promises/predictions on time line- but the trend is undeniable. The free float is shrinking by the quarter- and significantly. At the same time GameStop is doing some really amazing things in blockchain/web3 and is soon going to attract more and more organic buying. + +What's coming, no one can promise exactly, but it's going to be legendary, without precedent and talked about in stock market history for decades. + +&#x200B; + +https://preview.redd.it/hzz1gg0ka7391.png?width=640&format=png&auto=webp&s=78677d2ae22ad6354697cb2cc0ce8ec12db6ff24 + +&#x200B; + +Retail have added 3.8M GameStop shares to DRS in 1 quarter. + +Each DTC Withdrawl reduces 'real share entitlements' within the DTC - Broker/Dealer system. + +This means less liquidity, less shares trading, less shares to settle trades, less shares to lend/borrow against. + +&#x200B; + +[Credit Rockets2TheMoon](https://preview.redd.it/ucmy8qfxz8391.png?width=960&format=png&auto=webp&s=4be0f3a436142f92abba4b20e58d78e7e1497153) + +The Free Float is now almost 1/3rd removed by DRS (mostly in 9 months) - this is amazing. + +https://preview.redd.it/hcxl51g5a7391.png?width=470&format=png&auto=webp&s=c59c9a9028fe79dd90d111de5923713508fe2c67 + +This brings shares short to 15,120,000 (reported) against 22,186,657 free float or 68% short against tradable shares. + +This trade is getting exponentially crowded where these shorts simply can not exist their positions without massive affects on price and/or settlement. + +[credit u\\mirfster](https://preview.redd.it/wjs6c15va7391.png?width=766&format=png&auto=webp&s=b81e803c8f4c5eb54131eef1c3720fbb417b10c5) + +The more tight the share inventory gets (the more illiquid GME) the more hire the borrow rate climbs. At some point it is not economical to pay the lending fee and shorts race to close. + +DRS does seem to be exasperating a real stock lending and settlement flaw in the existing DTC > Broker-Dealer > Stock Exchange system. Likely this flaw is really an exploited strategic tactic by the incumbents. What they could never expected was for retail shareholders to independently choose to withdraw their stock to the Transfer Agent en mass and over a long duration (everyone thought we would get tired). Well... I'm not tired. + +**\*\*\*** + +If you like my DD you can follow me on Twitter: [https://twitter.com/EndOfTheWake](https://twitter.com/EndOfTheWake). Nothing is monetized. + +I will be posting a new big piece of the GameStop transformation strategy in the next couple days. It helps connect the dots on some strategic partnerships and it may help the community better understand Ryan Cohens vision. Stay tuned and keep DRSing. + +**NEW DD** + +**POKEMON NFT LEAK - COMING TO GAMESTOP** + +[https://www.reddit.com/r/Superstonk/comments/v3ao0k/pokemon\_nfts\_pokemon\_go\_veve\_partnership\_with\_imx/](https://www.reddit.com/r/Superstonk/comments/v3ao0k/pokemon_nfts_pokemon_go_veve_partnership_with_imx/) +I can get sentiment from news but it doesnt understand financial words well. What is the best approach? + +I have found an api here that works pretty well: + +https://rapidapi.com/GreenFactorLabs/api/financial-sentiment-analysis/endpoints +No saving for retirement. No saving for a house. We are two paychecks away from living on the street. + +Most people invest in crypto because they know living paycheck to paycheck is like being a slave. Now it's almost impossible to own a house when you barely afford to survive. +It seems obvious that unmitigated conflicts of interest breed financial snafus and corruption, and maybe this rule is helpful and long overdue.. This rule addresses conflicts of interest at SROs like the DTC and NSCC (owned by DTCC). It looks like the meat is from pages 1-105. Any wrinkle brains or other people who know how to read big words or want to try, this is for you! The proposed rules can be found at: https://www.sec.gov/rules/proposed.shtml +My tenants finally moved out from a 4 bedroom apartment paying only 1$k and were students. We did some renovations and my father suggested we rent each room for $500 for each room. He said to include free internet and electricity. Internet would cost 50, electricity around 150 a month. Is offering those included sound like a good plan or I might have surprises for the electricity bill? Anyone has experience with student renting? +Ok by now i am pretty well versed with the best practices of the theta gang strategy: play the wheel, CSP, sell CC and go for 30 - 45 DTE etc. + +While it is no doubt safe and effective, it is also very unexciting. Most of the time you are sitting there waiting for theta decay to do its job. How do you stop yourself from being influenced by all the noise around you and maintain discipline? +There are far too many examples of people reading something, not thinking about it, and posting it here, and it's damaging to the sub. I get it. It feels like we're in the endgame and its jacking my tits as much as the next ape, but we need to remain diligent. + +**Stop, check your facts, double check them, then post.** + +We're going to have a flood of newbies on this sub soon and I for one am going to welcome new apes and apettes with open arms. + +But people are fickle, and if they start seeing half-baked numbers like the idiot who commented about BTC has a daily volume of 54m against 19m coins in existence, or the fool who posted about the SHF going under with 211 ETH worth $211m, we're going to lose them faster than Ken Griffin can pitch a bedpost. + +It's a disservice to this sub, it's a disservice to the real DD, and it's a disservice to the curious minds out there who may be on the verge of life-changing wealth. + +Thanks for listening, fuck you and I'll see you **and** the MOASS tomorrow. +I am not complaining :). But I am new to this REIT (REITs in general) so not sure if there was a catalyst I missed or some other reason it is through the roof. + +I know there is an upcoming acquisition so maybe that’s it? I am just surprised that what I viewed as a boring high dividend stock is up so much in such a short time. +My daughter was just born. I took two weeks off from my restaurant management job. I like the job, it's fun and casual and pays pretty well and allows me unlimited over time. + +But the thing I really dislike is that I don't have vacation days. My boss was cool when I said I would need time off. He found people from his other franchises to come cover my shifts. I had no issue getting time off.