diff --git "a/reddit_finance_43_250k_42.txt" "b/reddit_finance_43_250k_42.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_42.txt" @@ -0,0 +1,10000 @@ + +I love my friends. They are very intelligent people - at least when you look at their academic achievements and professional accomplishments. But is it just me or is it...not worth it? + +I see it like this. E.g. I earn $75k a year and Bob earns $100k. For me, in order to make the additional $25k worth it, the extra time earning it needs to be *less* than the time I have to enjoy it. To me, there is little to no point to earning a high salary if you are then using the extra money to buy yourself convenience (i.e. more time) - and that convenience arguably costs more than what you additionally earn (e.g. house prices - you end up paying almost double in apartment prices if you buy in the CBD vs somewhere that's 30-40 minutes out). + +That is not to mention that quality of products doesn't accelerate at the same speed as price. E.g. a $100 fine dining meal will taste better than a $50 meal, sure, but it wouldn't necessarily taste *twice* as good. + +I asked my friends how much they were saving and most of them admitted it was very little. Some said none at all. They said the "experience" made it worth it and talked of potential earnings but in the meantime are just living it up. You might say "oh that's mid to late 20 adults for you" but I see so many more senior staff do the same. Even Partners who, in their late 40s to 50s, own multimillion properties but they can't stop working due to the mortgage. They wear Gucci and tailored suits and what not but how much happiness is there to gain from these materialistic goods? + +I don't know if my reasoning is sound and I hope some of you guys can give your thoughts. I myself grew up poor - I have been on government aid from age 18 until my first full time job. My friends think I'm thrifty and care about money too much but I personally think high savings and secure investing is the way to go. I have a nagging suspicion that, even if I were to max out at $200k a year and my friends go all the way up to $1m (again, its not a given they do), I would be richer in the long run if I play my cards right in the next few decades. Not to mention I'll be healthier and happier. + +Thoughts? Have I grown complacent or am I right? +I was asked to value Corsair, so it became my 9th public valuation. + +For those of you that would prefer video, here's the link: + +[https://youtu.be/MXyZu2g96GY](https://youtu.be/MXyZu2g96GY) + +&#x200B; + +For those that prefer to read the text: + +\- Company that is public for about a year, yet the stock price managed ranged from $15 (around the IPO) to $51 and back to $27. + +\- Revenue almost doubled in 2 years + +\- Improved gross margins (20% --> 27%), operating margins (2% --> 9%) + +\- Simple and easy to follow business model, same goes for their financial statements + +\- Primarily growing through acquisitions (6 large ones since 2018), relatively low investment in R&D/product development - Which translates to relatively low organic growth and more dependent on future acquisitions + +\- Based on my model, fair value = $48.87 (assuming revenue to double in 10 years and operating margins to increase to 12%. WACC - 7.59%) + +\- Based on the current price and the assumptions in my model, the expected annual return is 13.2%. +Can anyone give me advice on how to do research or find a stock to even start researching? I don't really know how to set up a good screen, I can put in fundamentals for some stuff, but I don't really know what I'm looking at anyway. + +I've been pretty much going off different subreddits and looking at openinsider occasionally. Other than that I just invest in bigger companies that aren't bad bets. + +I'm basically just trying to find out how to turn the decisions I've been making from 100% gambles, to something with a little more logic and reasoning behind it that will show some better results. (I haven't really lost or gained much of anything so far, so my bets have been evening themselves out so far) +So I am 33, unmarried, no debt, no car, no house, nothing. No marriage plans for now and even than I will be using savings made in the next couple of years when and if it comes up. + +I have no major upcoming expenses and have a much smaller fund in case of emergencies etc. I make 15L annually with 40-50k/month at peak expenses, hope to make more in the coming years, savings from which will be used to supplement said savings. + +Parents will be getting their retirement by selling their house in a metro city and rent a place in a Tier 2 city. + +I have 25-30L to invest and forget. I have been paying annual payments for about 8 years to HDFC Pro Growth Plans which have given me garbage returns. If I consider inflation, I have lost a fair bit of money. I want to add all this money in 2-3 places and get enough returns to beat inflation at least since I cannot invest time and effort in managing my money. + +I am looking for recommendations for starting points to begin research on products I can invest in, in one go and forget. Please advice :/ + [https://www.news.com.au/finance/business/retail/stephen-jones-says-government-will-crack-down-on-afterpay-and-similar/news-story/9c71dc0c052cec93338656d34eda6a4f](https://www.news.com.au/finance/business/retail/stephen-jones-says-government-will-crack-down-on-afterpay-and-similar/news-story/9c71dc0c052cec93338656d34eda6a4f) + +They want credit checks similar to Credit Cards. Only 7 Million customers in Australia, but some have Three or Four accounts. About time. + + +I have not used them as I saw them for what they were, but Zero Credit Checks........ +I'm not the type of person to display my wealth but wonder if I'm missing anything by not doing so. As a curiosity I've started looking a fine watches online and envisioned walking around the city in one. Would people take notice? Not that I'm treated poorly now, but would I be treated any better after someone glances at my wrist? If so, can people tell the difference between a $10K watch and one that's a $100K? + +I went from a Subaru to a Tesla and have had interactions with people I would have never had with the Subaru. People giving thumbs up on the interstate, asking questions about it in a parking lot, and seemingly being treated with more respect at a valet. All of these interactions were rather insignificant but had a lasting effect which makes me question what I'm missing by not showing off my wealth more. + +(I hope this post doesn't fall outside of the "relevance" rules but when I searched previous Reddit post about fine watches, they talk about watches under $10K and that's not the level I'm interested in discussing) + +Update: It's refreshing to hear that material possessions aren't necessarily opening doors to a better life. I'd still be interested in hearing any stories where it has. Apart from that, my interest in watches have quickly waned based on your responses. +While we continue to run around like headless chickens chasing our tendies, take a moment to stop and reflect on the past. + +103 years ago the guns fell silent on the Western Front after four years of cataclysmic conflict. 40 million casualties, 20 million dead and 21 million wounded military and civilians. + +The link is to a recreation of what that moment of Armistice may have sounded like. Take a minute out of your busy day, plug some headphones in, crank the volume up to full, and imagine the first 20 seconds being four whole years of your life. Every waking and sleeping moment. Try to wrap your head around what that might have been like. + +It never fails to make the hairs on the back of my neck stand up. + +[https://codatocoda.bandcamp.com/album/iwm-ww1-armistice-interpretation-sound-installation?fbclid=IwAR2IWBp5swHjf8lXdzKUR1jqNld0qutJvQJgkDGz8zhdFahWlFwcvUNqKPs](https://codatocoda.bandcamp.com/album/iwm-ww1-armistice-interpretation-sound-installation?fbclid=IwAR2IWBp5swHjf8lXdzKUR1jqNld0qutJvQJgkDGz8zhdFahWlFwcvUNqKPs) + +I've been through an incredibly difficult period in my life recently, and for a while I was convinced there was no hope and I had nothing to look forward to. That the best thing in my life was gone and it was my fault. Since then I've found myself again, and I am back better than ever. But today, on Armistice Day, I listened as I do every year and appreciated everything I have and everything there is to look forward to in life. + +I know this is completely off-topic for this Reddit page but I think it is important enough to share given how awareness and understanding of history is deteriorating at a faster and faster rate the longer the time since grows. All those who were there to see it and live it are now departed from us, they can no longer share their wisdom, experience and warnings. + +As a 22 year old I know for a fact barely anyone in my age group has any real awareness, understanding or comprehension. I know it is worse for even younger people, and there is also staggering ambivalence among much of the population older than me. It's hard to think about, and people don't like thinking about difficult things. But it is so important that we do. + +The onus is on each of us to reflect and remember, and it has never been more important than now as regional tensions rise and our Federal Government beats the drums of war against China in the hope of securing reelection based on fear. + +While we have every right, and need to stand up for ourselves as a nation, we have to do it in a way that avoids open conflict at all costs. A war with China in today's modern context of weapons technology would be mind-bogglingly catastrophic and cataclysmic. The loss of human life, the scale of destruction, would make all previous wars combined, seem tame in comparison. + +Modern war is spoken of in an increasingly abstract manner, as if a war would be detached from our lived experience due to technology. But just look at the events during and since pulling out of Afghanistan, the crisis in Yemen, for examples of what war still looks like. If open conflict really does break out, those detached and surreal images on the news from overseas will become our lived experiences, and you're kidding yourself if you think otherwise. + +I am no coward and would fight to defend this country if it came to that, but I have an intense interest in and understanding of history, especially the world wars. I have a strong understanding of what a war with China would actually mean, what it might look like, the cost. + +So I would much rather such a scenario where I don't have to take up arms, out of preference to live a long healthy and happy life, and a desire for my fellow humans to get the same. + +So Lest We Forget. + +Sorry again for the off-topic essay, but this is important and we need more awareness of the past now than ever before. +Analysis of major currencies like EUR, JPY, CNY (first two breaking 20 yr lows against USD) makes it seem like bad days will continue for all energy importing countries. + +All countries have also spent money on unexpected expenses like food security/raining helicopter money during lockdowns, free vaccinations for the poor, increased govt spending to aid economic recovery after the pandemic, leading to increased USD denominated debt and reduced repayment capability due to improper recovery. Commodities like crude oil have taken a break but are still at multi-year highs. US has record high inflation (yesterday’s figure 9.1%, in reality it’s much more), which means they will keep raising rates further, increasing USD strength further wrt other currencies. + +What is your outlook on INR in the short to medium term and are you doing anything to arrest its impact on your portfolio? + + +DOGE mania is bringing lots of new clueless people here and the sub feels cluttered with a lot of newbie threads about basics that have been covered in depth over and over. + +How should we deal with this? A stickied FAQ or at least a pinned post urging newbies to use the search function seems like it would be helpful. + +I wish nothing but the best for everyone joining us, but not fond of scrolling through 10 newbie threads to find a technical discussion about coins with serious use cases. + +Edit: perhaps a DOGE megathread to contain it? +I tried posting this over at econjobrumors, but people were unbelievably rude and then my post was deleted (a few times, actually). I don't know why. + +I'm 40, and I'm wondering how likely it is that I could get accepted into a PhD program. + +My profile is as follows: I am an attorney, but I did very poorly in law school (Tulane). I was too young and irresponsible to live in New Orleans and focus on school. I eventually found my way into securities litigation, where many of our cases dealt with the fallout of 2008. Out of curiosity, I started taking econ classes at Hunter five years ago. I'm now in the econ BA/MA program, where I'm finished with the BA and am halfway through the MA (I still work full time). I have a 3.82 in econ courses and a 3.63 overall. I got a 167V 162Q 4.0 on the GRE. I had time management issues on the quant, so I believe I can raise that score significantly. I'd need to go to a school in the NY area (I'm married), but I don't need a full scholarship. Part-time is fine, maybe preferable. + +Over at econjobrumors, the most constructive comment I got (among comments like "GTFO" and "40yo undergrad lmfao") was "someone might." I'd love it if someone here has something more constructive to say, even if it's criticism. I understand that my question is probably pretty naive. Thanks. +  + + + +Hello Dear Investor💎 + +&#x200B; + +📞 [https://t.me/planetcardanoofficial](https://t.me/planetcardanoofficial) + +&#x200B; + +========================================================== + +&#x200B; + +We want to present you a project with great potential that rewards its holders with crazy ADA reflections💸 + +&#x200B; + +========================================================== + +&#x200B; + +Your investment will be supervised by a well-known team that prepares huge marketing: Charity Donations, Coingecko, Tranding CMS, Coisniper, Coinhunt, Fameous Influencers Tweets, CMC, CoinPaprika🚀 + +&#x200B; + +========================================================== + +&#x200B; + +CHARLES Token is named after Charles Hoskinson. Great founder of Cardano. + +Creator of CHARLES Token is well known team: [adacoin.hu](https://adacoin.hu), which also owns GULAS pool!👑 + +&#x200B; + +========================================================== + +&#x200B; + +🖋Doxxed And Friendly Devs + +🧳Based Team + +💍Huge Rewards in ADA💸 + +👑Great Marketing In Bound + +🎇Coingecko And CMC Listings Are Coming! + +🐦 Major Influencers On Board + +🔒 Liquidity Is Locked For 1 Year + +🖌Ownership Is Renounced + +========================================================== + +&#x200B; + +💰Tokenomics: + +&#x200B; + +total supply: 100,000,000,000 + +&#x200B; + +trading tax: 13% + +&#x200B; + +7% rewards + +3% liquidity + +3% charity donations + +&#x200B; + +slippage: 13-17% + +&#x200B; + +========================================================== + +&#x200B; + +50 422 ADA has been distributed to holders💸 + +&#x200B; + +========================================================== + +&#x200B; + +📞 [https://t.me/planetcardanoofficial](https://t.me/planetcardanoofficial) + +🖥 [https://charlestoken.io](https://charlestoken.io) + +🐦 [https://twitter.com/TokenCharles](https://twitter.com/TokenCharles) + +👾 [https://discord.com/invite/2uPCkAWrXV](https://discord.com/invite/2uPCkAWrXV) + +&#x200B; + +Contract Address: 0x31f22742e4987bE1776c76366f5972844e7cAC07 +Hi I’ve been trading forex for the last 3 years. + +Spent thousand of hours studying learning new strategies trying. + +I love the forex market. I don’t know what it is about it but I kept going cause I love it. + +They always say if you fall get up keep going. I think after 3 years and $30,000 later it’s time I cut my strings bow my head and surrender. + +I’m upset because this is my passion. Sad I couldent turn that passion into a career. + +I wish you all the best with you trading, Benny boy out ❤️ +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: + +*** + +- Follow the Golden Rule. All other rules apply as well. Follow [this link](https://www.reddit.com/r/ethtrader/about/rules) to view the rest of them. The rules page is also linked in the announcement bar above. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +Thank you in advance for your participation. Enjoy! + +Investing is not just about return, it is also about peace of mind, and Warren Buffett sees the value of index funds, such as those tracking the S&P 500, in accomplishing that goal, especially for inexperienced investors that might be prone to worry, or easily convinced by others to take on risky investments. + +“What is the best investment, meaning one that there would be less worry of any kind connected with and less people coming around and saying, ‘Why don’t you sell this and do something else?’ and all those things,” Buffett explained at the 2017 Berkshire Hathaway Annual Meeting. It is even an investment he would recommend for his wife after she inherits his assets, not that she would be selling her Berkshire Hathaway stock. “The object is not to maximize. It doesn’t make any difference whether the amount she gets doubles or triples or anything of the sort. The important thing is that she never worries about money the rest of her life.” + +Speaking of money and worry, Buffett tells the story of his elderly aunt. + +“I had an Aunt Katie here in Omaha, who Charlie knew well, and worked for her husband, as did I. And she worked very hard all her life. And had lived in a house she’d paid, I think, I don’t know, $8,000 for at 45th and Hickory all her life. And because she was in Berkshire, she ended up, she lived to 97, she ended up with, you know, a few hundred million. And she would write me a letter every four or five months. And she said, ‘Dear Warren, you know, I hate to bother you. But am I going to run out of money?’ And… I would write her back. And I’d say, ‘Dear Katie, it’s a good question because, if you live 986 years, you’re going to run out of money.’” + +**Buffett’s full explanation on index funds** + +[https://mazorsedge.com/lessons-from-warren-buffett-why-index-funds-are-good-for-a-certain-type-of-investor/](http://mazorsedge.com/lessons-from-warren-buffett-why-index-funds-are-good-for-a-certain-type-of-investor/) +edit 3: This is going exactly as planned. Hedgies r so fuk, they have no new ideas, they are doing exactly as predicted and nearing the end of the line. Watch this short clip from the Lucy Komisar and Wes Christian interview, where he lays the whole hedgie short and distort plan out for all to see. Classic! + +https://www.reddit.com/r/Superstonk/comments/x6fqfm/reminder_the_rc_fud_were_seeing_is_a_classic_hf/ + +*Edit: this is not a "who's still holding?"-post. Sorry if I gave you that impression. This is a "who's still unfazed and don't give a fuck about all the weekend drama and empty FUD attempts?"-post... Ok? Ok.* + +It's the weekend. + +Nothing is happening. The clown casino is closed. + +🦗🦗. + +I reached level 99 on the calculator game, I even did it upside down and in the mirror. + +I check the sub. Blah blah blah. The usual shenanigans. + +> This post is FUD + +and then shortly after + +> The post saying the other post is fud IS FUD + +I mean. C'mon.. + +---- + +We've seen this before. It doesn't work anymore. Get rekt hedgies because you're running out of shit to pull. We've seen it all before. + +I'm, as usual, completely untouched by all the bullshit and emotional baiting going on here in the weekends. + +I'm DRSed, tapped out, waiting patiently and unhurriedly for my favorite stonk to do something cool. It's alright GME - you can go whenever you feel like it. + +I don't give zero fucks about whatever inconsequential drama going on this weekend. + + +Who's with me? 🙋‍♂️ + +*Edit 2: Whoa dude! Thanks everyone for letting me know you are out there keeping it frosty!* +---- +I just want to use this opportunity to say one more thing I've been thinking about all day: whether there's proof the DTCC committed fraud or not, I think there's good grounds for an investigation under a court of law. **Regardless of the outcome of an eventual suit, I think we can all agree that IF A COURT CASE GOES TO THE DISCOVERY PHASE, there will be a very good chance that the public will see some numbers**. The DTCC has an obligation to ensure that the split procedures are followed. That means they must be able to provide some numbers - how many shares did they receive from the issuer via CS, how many participants were given how many locates. I think there's a good chance here to actually get to see some numbers on some of the rehypothecated and synthetic IOUs out there. + +Alright that's it. Back to dreaming about soup +So I just got a job as a security guard, but I thought I might go over my finances last week. I do a lot of gig economy work, but it'll be nice to have some stability. + +All numbers provided are the high end of the estimate + +Gas: $7 a day. + +Meals: $20 a day. + +Cell phone: $50 for the month. + +Insurance: $100 for the month. + +Addendum: I removed a driver and two cars from my insurance policy, this brought my premium to $847 for the 6 month period, and removed my payment requirements until August. It even allows me to go from $15,000 in coverage to $100,000 coverage at no additional cost. I also receive food stamps, but have been eating out a little more than usual. + +In total, I spent something like $200 last week. But I earned $500, as I dont allow myself to earn less than $100 on any day I do gig economy apps. + +Yes I realize its dangerous to live in my car, but until I can both locate and afford adequate housing, I dont have much choice in the matter. Denver isn't exactly known for a plethora of housing options available. + +Addendum 2: wWell this became a bit popular! Woke up to so many encouraging messages and requests for my YouTube channel. Unfortunately the mods of r/financial planning don't appear to allow youtube links, and I don't want to push my luck. But thank you all for your interest! + +I do in fact have a blog that I semi rarely upload too, no don't knownif it'll be that entertaining, but you are welcome to watch if you like. +I have read [here](https://www.fool.com/investing/how-to-invest/stocks/average-stock-market-return/), [here](https://www.nerdwallet.com/article/investing/average-stock-market-return), and [here](https://www.investopedia.com/ask/answers/042415/what-average-annual-return-sp-500.asp) that the stock market yields about 10% a year on average. Isn't that a better place for these mortgage lenders to invest their money rather than giving out huge housing loans for 2%-4% interest rates? + + +Apologies if this is a dumb question. I googled it but couldn't find anything. Maybe I am not searching it correctly... +New investor here. I have been following this sub for quite a while and have seen a lot of posts bullish on $SCHD. Currently it's near 52 week high (\~$76) and the last dividend was $0.7/share every quarter. The return from dividend alone is \~3.6% (0.7\*4 quarters/current stock price) annually. My question is how is it better than high yielding savings account (\~4% interest annually) assuming the growth is slow since it's already at $76? Let me know if I am missing anything here :) + **I am trying to understand how 0%APR car financing actually works from the lender's and the dealer's perspective. How do they make money and is it actually "interest-free". Really appreciate any insights that I can get on this. Thanks!** +**Background:** I am in a position where I am living on basically no expenses due to being deployed. My father back home has been paying rent all of his life. Now that I am starting to look into investing, and my credit score is decent, I was contemplating getting a VA home loan to buy a decent property. (125k-200k where he lives.) I would then just offer this place to him for the same rent he was paying before. (850) In my inexperienced mind there is hardly a downfall here. Even if he fails to pay, I can easily cover it in my own budget. When I come home from my deployment I will need a house, and it would easily have enough space for me. It also gets my father out of his current horrble house he's renting into a much better one while keeping him around family. (He is divorced and has shown signs of loneliness for some time now.) My father has made a career for himself in this area as a plumber, so I'm absolutely certain he will want to stay in the area until retirement. I have discussed this idea with him, and he seems very excited at the chance to improved QOL and being around someone. + +**My question:** Is this a smart move? Are there unforeseen negatives to going through with this? If this is a good idea should I pick a cheaper house to avoid as much interest as possible, or an expensive house to end up making more equity? Anything else to keep in mind? Thanks for the help. + +**Details:** + +* 20 years old +* Employed full time. \~45k after taxes +* Working toward maxing my 401k. (IRA is maxed, and I have a 6 mo emergency fund.) +* Very high risk tolerance. +* Currently holding a diversified portfolio of US and Int. stocks and bonds, as well as military only investment vessels. +* No other applicable assets. +* Will not reasonably need any investment money until retirement. +* Absolutely no debt. +* Active Duty military member. Have not claimed any financial aid for anything. Above 720 credit score. + +EDIT: Thank you all so much for the massive support and responses! I really was not expecting this many responses, but I will take every bit of additional advise I can get! +Do any of you invest in any side hustles or have a small business that you put your money into instead of dividends or do you just put any extra money into your portfolio to maximize your dividend potential? + Down 28% in AH as of 6pm. + +Credit: u/juaggo_ + +Peloton on Thursday reported weakening sales growth and a wider-than-expected loss in its fiscal first quarter, prompting the company to slash its outlook for the full year amid softened demand for its exercise equipment and ongoing supply chain challenges. + +**Loss per share: $1.25 vs. $1.07 expected** + +**Revenue: $805.2 million vs. $810.7 million expected** + +“We anticipated fiscal 2022 would be a very challenging year to forecast, given unusual year-ago comparisons, demand uncertainty amidst re-opening economies, and widely-reported supply chain constraints and commodity cost pressures,” Chief Executive Officer John Foley said in a letter to shareholders. + +Peloton posts wider-than-expected loss, slashes full-year outlook amid softening sales [https://www.cnbc.com/2021/11/04/peloton-pton-to-report-fiscal-q1-2022-earnings-.html?\_\_source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard](https://www.cnbc.com/2021/11/04/peloton-pton-to-report-fiscal-q1-2022-earnings-.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard) +A lot of posts have asked what services or things you paid for had the biggest positive impact on your FATFIRE life. A lot of folks have suggested cleaning services or massages etc. But let’s now look at the other side of the coin: what splurges seemed appealing but actually disappointed you once you tried it? +It has been less than a week since HappyCoin launched and it’s been nothing but hit after hit as the market cap has grown exponentially, **reaching $30M at an ATH!** + +While there has been some profit taking, HappyCoin **remains strong at $20M currently** and will look to shatter that previous mark as they have a number of developments on the way, the next natural and biggest step would be **a CEX listing coming up!** + +If this is your first day here, congratulations, you’re still early. **But otherwise, you’ve probably got a good idea of what this means for $HAPPY if it adds on a WhiteBIT listing**, again all within the first week which is just unheard of. I mean, how often do you see a token get listed on a CEX before it gets its CG and CMC listing? (Still coming by the way, which makes HappyCoin’s holder count and market cap even more stunning). + +This is all after donating **$20,000 to a mental health charity** yesterday, all done during a [Twitch livestream](https://www.twitch.tv/videos/998345263) where the **lead developer unveiled his identity,** and then brought on the founder of the charity as well as eight members of their team to let the community know exactly where the donation is going. They’ve since made a [whole thank you video](https://twitter.com/the_happy_coin/status/1387455455581065219), and HappyCoin has committed to another $50,000 this weekend in another livestream! + +Used to support children who have suffered unimaginable losses, there really is no better cause being supported in cryptocurrency, particularly in a community that understands the tolls of mental health anguish. With several other mental health organizations falling over themselves to receive the next donation, don’t be surprised if the partners get bigger and bigger until HappyCoin is featured on <insert your favorite mainstream financial news outlet here>. + +With the only other charity token even remotely on this trajectory being **ElonGate at a current $200M market cap** and with a brand that is, for sorry ElonGate fans, less of a joke, it’s possible that HappyCoin has another zero to add onto both its market cap and holders, **especially with the WhiteBIT listing confirmed for next week.** + +I mean, you’ve seen how big the “Have a Nice Day” smiley face got, where do you think this cryptocurrency smiley face that contributes to mental health could be a year from now? A decade? Phew, I’m more than happy just thinking about it. + +So join in and start doing something good for society from all your rampant day trading. Give a little bit and enjoy $HAPPY when it gets listed sometime next week as we could see some movement sooner than you think. + +Website: [thehappycoin.co/](https://www.thehappycoin.co/) + +PancakeSwap (only use V1 for now): [v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D) + +Chart: [https://poocoin.app/tokens/0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D](https://poocoin.app/tokens/0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D) + +Telegram: [https://t.me/happy\_coinTG](https://t.me/happy_coinTG) +When covid is over, or at least declared over - my assumption is that the economy will explode in terms of spending. With that I believe will come inflation, including interest rate hikes. + +Knowing that the recent 30% increase in home prices is partially due to the low interest rates, high building process and lack of supply - what will happen to housing market once the economy goes back into full swing and more (greater than 100% recovery) ie beast mode economy? + +EDIT: specifically GTA and Toronto core +My parents have essentially no savings, and own a condo with a little bit of equity in it. I've already accepted that I will be responsible financially for their retirement. They also don't have jobs that provide health insurance so one major health issue could result in them falling apart financially and losing the house (lien against it, etc.). + +My wife and I had the idea of us buying their house and continuing to let them live there. They can pay us rent until they are no longer able to, at which case I will just pay the mortgage going forward. + +Should my parents fall on hard times due to medical debt or need to file for bankruptcy, they couldn't come after the house since my parents don't own it anymore. Is this correct or is it more complicated than this? + +Edit - Wow thank you for all of the replies! I did not expect this to pick up traction like this. Wanted to address a couple of key points that keep coming up: + +1) We live in Virginia. + +2) It isn't that my parents are exactly bad with money. They didn't even come to America until they were on the older side. They simply don't make much money. + +3) Healthcare is a killer in America if you don't have it. As evidenced by this thread. +Throwaway account for obvious reasons. + +I came to know of Kuvera many years back from this sub itself, so it's only appropriate that I share this here for the benefit of other members. + +On 26th February, 2021, I conducted a couple of large (for me the amount is large) **lumpsum** transactions from both my own account and my managed account at Kuvera, **well before cut off time for equity mutual funds**. (This was obviously to take advantage of the market correction on Friday. Anyway, that's not relevant) + +The transaction somehow failed at Kuvera's end with an error message (screenshot here - https://imgur.com/a/q3uc3DM ) from their intermediary, BSE Star. Basically, the redirection from BSE Star to Kuvera failed although the transaction was successful. and money was deducted from my account. In instances such as this in the past, I used to always be allocated the day's NAV. + +Now, after sending Kuvera relevant details, they have done the reconciliation. However, the allocated NAV shows up as due for processing on March 1, and not February 26th (See Screenshot here - https://imgur.com/a/wMx11p9 ) As you can imagine, this is disappointing for multiple reasons. + +1. I'll no longer be confident that a transaction done on a particular day before cut off time will be processed with the day's NAV + +2. I'll no longer be confident of taking advantage of corrections in the market even if I manage to invest on that day + +3. I no longer have the confidence that Kuvera has got my back in case of issues such as this + +4. Simply keeping the money idle in my savings account would've earned me some interest for 3 days. So instances like this leads to potential losses + +Obviously as you can imagine, this is related to the SEBI circular which came into effect on February 1, 2021 about NAV being allocated only on realisation at the AMC's end. Since the transaction failed (although it was successful at BSE Star's end, please see the first screenshot), the AMC did not receive funds on that day, and therefore I am not entitled to the NAV of that day. Kuvera's way of handling this is also deeply worrying, since such massive changes and implications should be properly explained to users. I am now actually thinking about using the AMC's websites (no matter how inconvenient it may be) for transactions. At least then I will directly be dealing with the AMC and not the intermediary/broker/advisor. + +So, new investors, old investors, please beware of the new rules and its implications. IMO it's time to ditch advisors/intermediaries like Kuvera and switch to investing directly through the AMC's websites. Your profits will thank you for it. + +Twitter thread here: https://twitter.com/NamelessWander4/status/1365194050001793025 + +**Follow up post** - https://www.reddit.com/r/IndiaInvestments/comments/lvvb10/on_nav_franklin_templeton_motilal_oswal_and_kuvera/ +Long story short, I was a sole proprietor in my business with no llc. All of my deposits/earnings are in my personal checking, which was insanely dumb. I found an accountant to help me with it now and she’s saying she needs the log in information to log in herself. I might be a bit paranoid, but is this normal ? + + I don’t know how comfortable I am giving my log in to someone I spoke to once on the phone . Chase doesn’t allow accountant access for personal accounts . Not sure what to do (we’re also on a deadline for something specific that has to be filed by tmmr), does anyone else do this ? + +EDIT: I checked their license and they’re legit and in good standing. She let me know they have insurance as well. I told them I didn’t want to provide my log in and they said it’s okay we’ll accept statements. But I did provide my business banking routing and account number because I need to set up payroll. + +I’m a little nervous now because I would have to transfer that money into the business account which they now have the info for. This IS accounting for my business , so is the trust just what comes with getting an accountant for a business ? +Unless you want to keep wasting £1.20-1.50 every time you buy. They are a company that makes £80mil net profit and charges a booking fee.if you book through most train providers websites, they dont charge you a booking fee. +Given the cost of living is increasing greatly, I thought Id share an easy one. + +source: search a ticket through trainline web or app vs search same through thameslink railways +Hey guys, + +It's looking increasingly like my wife and I will be unable to have children and with no desire to adopt, we're now shifting our financial perspective and goals accordingly. + +For those of you without kids and no plans for them, how has your life changed? What are some of the new factors we should consider or benefits we might take advantage of? + +Some thoughts that come to mind: + +\- Obviously money is a big one, kids are expensive and we'll no longer need to cover that. This can mean many things from a more luxurious lifestyle to retiring earlier + +\- My wife can continue working without mat leave or potentially becoming a stay at home mum + +\- House requirements change significantly (mainly that we don't need a big family home) + +\- We're much more flexible and able to move for work opportunities, including overseas + +\- A minor one, but since we're both full time WFH I'd even thought of buying two properties, one locally (Melbourne) and one in far North Queensland to live in during Winter + +&#x200B; + +Are there any other major benefits I may have missed? Obviously things like spare time and hobbies, but given this is Ausfinance I'm mostly thinking of finance related opportunities. Thanks +https://www.nytimes.com/2020/07/31/technology/tiktok-microsoft.html + +TikTok is currently owned by ByteDance, a Chinese company. Despite its popularity in the US, TikTok has been called a threat to the US national security apparently because it collects way more personal information than most apps. +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. +I'm 21 my investing horizon is a long time. Why should someone like me ever invest in gas or oil? Everything is going to be phased out into EVs making that industry take a significant hit + +I see great companies like CVX with amazing financials and a great value but really what's the sustainability of that in 10-20-30 years? + +I feel like I'm missing out but I refuse to dip into that sector because EVERYTHING is sadly going electric by 2035 +https://i.ibb.co/8XqfrZG/18-D4-F52-E-4-AA9-4-A36-BED3-6-A807-AC560-D5.png + +https://etherscan.io/tx/0x57c32ad117f4e47b439cb13a9a5cb6495a4f94c0f3d6afccc45813e00b1554a3 + +For the first time since the original IMX token transfer for the Gamestop NFT marketplace on February 1, the Immutable X wallet has just transferred IMX tokens to its funding wallet. + +1,264,715,999 IMX transferred + +This is far more than needed for the contract of 3,747,323 agreed upon for launch. So this isn't the launch transfer to Gamestop. + +But this is huge as the wallet has only transferred IMX when sending to Gamestop. + +This could be it! We're close!!!! Get jacked! +Familiar story: grew up poor, wasted a ton of money on a degree I don't use, make ok money (45% above median income in area) and can finally start saving. I'm wondering about more experienced investor's take on the current market. Should I be focused more on saving for an investment property or aggressively paying down my student loans? Basically should I penny pinch my way into a down payment on the next year to take advantage of any beneficial rates that may still be offered? Or should I plan on waiting for the inevitable market swing? Just kind of gauging what you would do. Any advice helps. TIA. +I owned a townhome 1050sf (built in the 80's) that is a prime location in my city. It has always been an easy to find tenants. I purchased it for $112k in 2015 and it has appreciated to about $175k in 2021 based of Zillow comps. Because of the absurdly high HOA / to rent ratio my cashflow was not that great. I tried to sell this property and cash out in 2020 and it stood on the market for 3 months with zero offers. Reason being its a bit old, I did not want to spend any money updating it and the HOA is about $225 a month (which is considered high for the area for the value of the home) + +After 3 months of no offers and dropping the price to $144k, I got new tenants and waited a year. I have been seeing the Offerpad/ Opendoor ads over the last 12 months, so I said why the heck not. My tenants lease was expiring and I wanted to flip the property and use the cash elsewhere. Process is simple, give them your comps of the property and upload several pictures or video walk through, and you do not even have to let anyone in (great since I had tenants). After about 2 days they sent me an offer of $161k. I noticed that the agent on the phone told me it is based on comps and if you don't think its fair, give her a reason why and she will get back to an estimator. I was going to take the $161k anyways but said, heck might as well try. Countered with $163k and they accepted. Settled on a closing date, notified my tenants that they had to move out at the end of their lease. (OfferPad does not want tenant occupied homes) + +There are two catches to their offer. They take the full 5% commission for representing both parties. The second catch is they do a THOROUGH inspection of your home and find a list of 100 things that are wrong with it. Then they tell you to fix it (with certified insured companies) or you credit them the cost of some of the repairs to the final selling price. + +They found plumbing issues, HVAC was 25 years old, and a slew of tiny things. and came out with an $8,500 repair cost they wanted credit for off the purchase price. I wrote up a long email on how I have the HVAC serviced, some of the plumbing was swapped, etc, and told them ill give them $6000, but no more. They came back and accepted. They arranged everything, told me to take the fridge, closed on the home and walked away. + +All in all, I was willing to part with the home in 2020 for $140k if anyone offered that (minus 5% real estate fee). + +One year later I sold to OfferPad for $163k - ($8,150 5% fee) - ($6,000 credit for repairs). + +I have kept an eye on the property, they relisted for sale about 1 month later (December 2021) after doing a bit of updates for $175k. It has been over 1 month and I see that it is still for sale. + +What was nice is I sold the property without ever disturbing the tenants or having them be aware that the property is sold, until I finalized the sale. Secondly, I literally had the tenants move out, and handed the keys over to OfferPad without ever having to do any repairs/modifications. + +Would I use them again, probably not, since the rest of my properties are SFHs and would sell instantly. However, in this case it worked out good for me. +What book did you read this year that had the biggest impact on you? +For me it was Die With Zero. I have read all of the classics within personal finance, most of which have been incredibly helpful at me getting to where I am now, but Die with Zero has potential to be the most influential in terms of where I am going next. +28M Engineer living in the USA (outskirts of Seattle) looking at a possible move back to Germany. This is sped up by Brexit, as I am not a German citizen. + +&#x200B; + +Debate is as follows: + +USA Pros + +* Currently make $100,000, saving a bunch of $ towards retirement by living in a cheaper suburb (rent 1000, car 300, are my only big expenses). Would love to retire early. Am on track to have over $100,000 saved towards retirement by 30. +* Not yet done seeing everything here in the US + +USA Cons: + +* societal issues causing me not to enjoy living here +* suburbs are boring and far from everything +* lack of job security, healthcare tied to job etc +* Miss my family +* am a UK citizen that grew up in Germany. Mum and Dad in Germany, but dec 31st, no legal right to live and work in Germany if I do not move soon. + +&#x200B; + +Germany is my home, and I dont like the idea of not being able to move back... But at the same time right now I am saving serious $ towards retirement, and am thinking that staying out here might allow me to save more money towards my goal of retiring early. I also love Germany and travel and want to see what all of Europe has to offer. + +So I guess my question is, I dont know how the German pension systems work properly? How would taking a 25 to 30% pay cut + extra taxes affect my ability to retire? I know there is a government and private pension and I am wondering if it all "balances out". I would hate to give up an advantage I have now and not be able to retire 5-10 years early because I didnt spend a couple of extra years in the states? + +How do I go about making these kinds of decisions? where can I find resources to read? Im not trying to shy away from making my own decisions, but its REALLY hard to try and figure out all these moving parts... +First of all... Congratulations on making through the months of crazy illegal and manipulative price phase of Pre-MOASS GME. You thought this was the tough part...? You are so wrong... Are you ready to talk about some uncomfortable truths about what we'll be facing during MOASS? Let's go... + +Let me preface this by saying that only you are in control of when you need to to close your position. This is not financial advice. No one can tell you when the right price or time will be. Not even this post or any post on any subreddit or social media. Everyone has things going on in their lives that will require them to do what they need to do. With that said... Let's address what we will likely see. + +Be wary of Media/Social media: + +Shame and discouragement is already displayed everywhere. "FORGET GAMESTOP" and "INVEST IN THESE OTHER STOCKS!" are some things we're already seeing. You think it's at it's peak now? It'll be even crazier when the price is mooning. Retail will likely be blamed for the immoral actions that Wallstreet caused. They'll likely directly demonize you for "causing" this. Social media will be littered with screenshots of closed positions with massive gains to pressure everyone to close their positions as well. Many of the braggadocios posts will likely be from bots and shills to negate the damage done by irresponsible Wallstreet Hedge funds. This psychological attack of FOLO (fear of losing out) alone will be very difficult to push through. This feeling is experienced by very few and is difficult to manage even from the experts. Why? Because we are humans. Are you mentally ready to encounter and push through this? Know your price... And hold true to it. I personally believe the fair price for the GameStop MOASS is at LEAST $30 million and I will HODL through it. + +Be wary of Family/Friends: + +This one will be tough. For those who have kept your position secret from your family members and friends... Good for you. For those who have family who knows about your GME position, this might be extremely tough to deal with during the MOASS. Seeing the very people you love telling you to close your position and solidify your gains before your personal price range will be a very likely scenario. Be prepared to have the tough conversation with friends and family that only YOU will have power to close out of YOUR position and the price and timing of YOUR choosing. I have close family members who I am already mentally preparing myself to temporarily isolate from until post MOASS so I can focus on my exit strategy of my choosing. You all need to prepare for your own situation. Be ready to experience the true hardship of massive gains with family members because nothing is worse than "family guilt." + +Be wary of yourself: + +No one has encountered a MOASS situation before. At least not one on the very public scale like we're seeing now. Be mentally and physically fit so you can be in the best condition to face the MOASS. In many cases in life, you will be your own worst enemy. Focus on making the best possible plan and decision so you can achieve peace of mind for whatever outcome happens. Be ready to encounter situations that you have no idea how to handle. Most likely, you'll have time... Slow down and think about your choices before you make them. You will walk out of MOASS and your play on GME will pay out. You've been patient all the months, what's another few months (if it even takes that long). + +Conclusion: + +Be prepared mentally and physically for what's to come during the MOASS. Watch out for media/social media to shame and demonize retail for causing the squeeze. Watch out for posts bragging about how much money they've made because they've closed their positions. Be careful when dealing with friends and family pressuring you to close your position before your personal goals. Know your plan and be at peace with it. Take care of yourself so you can be in the best physical and mental state to deal with the MOASS. Take care of your affairs so the least amount of outside factors will affect your decision. + +I personally plan to HODL every share past $30 million plus because we have ONE shot at this. Good luck everyone! +I work 3 jobs. Stop coming to me with these Christmas gift exchanges. I don’t need your $25 useless gift and I don’t have the time nor the energy to figure out what to get you. I’m not even Christian. + + +This isn’t me being a bad sport or bad team player. This is me being poor. My money goes to medical bills, my mother’s medical bills, rent, food, and utilities. Christmas time for you is about gifts and happiness and holiday cheer. Christmas for me is 1 less meal a day to pay for heating so my family doesn’t freeze, standing in a store in a mall for 8 hours listening to the same 4 Christmas songs on repeat, dealing with rude customers who can’t get their kids favorite toy, and crippling loneliness with a constant reminder of how single I am. + + +I made a post yesterday and had people messaging me asking if they can send me money. Fuck off please. You’re going to kill this sub and people will start pandering asking for donation. I don’t want your money. I’m not looking for a place to beg. I’m looking for a place to vent. + +To sum up: if your coworker kindly asks you to remove their name from the work gift exchange game, please respect their wishes and don’t ask them “why”? We fucking can’t afford it and just want this season to end. +Recently there has been a screenshot of a NYSE SRO filing being circulated purporting to show that NYSE is "suspending a ton of dark pool groups." Or that NYSE is appealing an SEC ruling or something like that. + +So to start, NYSE has nothing to do with dark pools. NYSE is a lit exchange regulated under the Exchange Act, while dark pools are "Alternative Trading Systems" regulated completely differently (a combination of the SEC and FINRA). The filing, which is [available here](https://www.nyse.com/publicdocs/nyse/markets/nyse-arca/rule-filings/filings/2021/Arca.pdf) has a much more relevant excerpt that was obviously not included in the original tweet: + +&#x200B; + +https://preview.redd.it/rrw9kh4abay61.png?width=684&format=png&auto=webp&s=51b630cc4e4a3cc3b85287b459e6898365ade3d1 + +Here's what happened. Certain rule changes by exchanges are "immediately effective" - the rule change takes effect when the exchange lets the SEC know, because the exchange deems the rule change non-controversial. I won't get into whether this should even exist as an option here, it's a long and conflicted story. + +The NYSE filed a change to co-location as immediately effective, and several clients of the NYSE contracted to receive the service. The SEC then decided that the rule change was not ok, and told NYSE they couldn't do it. NYSE is asking the SEC to allow them to provide the service while those clients transition off of it, because those clients (including other exchanges) likely rely on it for their NYSE data. + +If you're interested in reading SRO files, you can find them here: [https://www.sec.gov/rules/sro.shtml](https://www.sec.gov/rules/sro.shtml) + +I used to read every single SRO filing every money, and it was the best way to deeply learn about market structure. They're incredibly boring and written in obtuse legalese, but once you learn to read them you'll learn a lot. + +The entire SRO status is frankly crazy, and I touched on it in my AMA. Wall St is the only industry in which you have for-profit, publicly traded, self-regulatory organizations. An SRO is supposed to be a quasi-governmental entity that regulates itself, and that balances the for-profit motive with a duty to build and maintain fair and efficient markets. If that sounds as absurd to you as it does to me, welcome to modern market structure. +Hi guys + +I’ve heard that I don’t own the shares, it is something called fractional shares. + +Can anyone confirm if I buy some shares through this platform whether I own the shares, and the shares I buy, will I receive their dividends if the company pays them to shareholders? + +Thanks guys +I know this depends on the country/tax state but I would like to do my homework before going on the hunt for a good CPA. + +Basically, I've been paying myself via Salary all this time and my income tax is through the roof. + +I own 85% of my company and the only one on the board. So I can pretty much do anything. What is the pros and cons of it all? I live in Canada for the record but interested in how it's done in any state. + +Some options I know are : + +* Pay myself as income (lots of taxes but least complicated) +* Funnel to Holdings company (less taxes but what other advantages?) +* Pay as dividends (basically the same as income) + +Thanks for your FatFIRE help! + +Disclaimer : I understand that the typical reply would be "Ask your CPA" but in practice I find that a lot of the outcome depends on whether I'm able to find a good CPA at all (and the time it takes). So prior to that I would like some idea. Basically this is me doing homework before the actual meeting. +For context: amid all this stuff about the war in Ukraine, the subject of Alaska has been brought up. Specifically, the fact that the United States purchased the territory from Russia in 1867 for $7.2 million. + +The question is, after adjusting for inflation, how much has the value of Alaska appreciated and how does it look as an investment? But what I realize is I don't know how to answer that question without being able to figure out the current fair market value of the state. +[https://finance.yahoo.com/news/amc-shares-set-record-open-090728942.html](https://finance.yahoo.com/news/amc-shares-set-record-open-090728942.html) + +**Wed, June 2, 2021, 5:07 AM** + +* [**AMC+22.66%**](https://finance.yahoo.com/quote/AMC?p=AMC) + +(Reuters) -Shares of AMC Entertainment surged another 38% in early deals on Wednesday and were set to open at a record high as individual traders on social media forums were unfazed by a hedge fund flipping its stake in AMC, calling it overvalued. + +Hedge fund Mudrick Capital Management sold 8.5 million freshly issued AMC shares at a profit on Tuesday, a source said, immediately after buying them. AMC had earlier said it was prepared to make acquisitions with the new issuance, worth about $230.5 million. + +Extending a red hot rally, the cinema operator's stock traded at $41.90 on Wednesday, leading gains among the group of "meme stocks" including video game retailer GameStop Corp and BlackBerry Ltd that have attracted the attention of small-time traders on online platforms such as Reddit's WallStreetBets. + +"It's not rational, but do not bet against it," said a Berlin-based trader. + +AMC's stock has surged more than 1,400% this year and, at nearly $42, is trading at more than 10 times the median analyst price target. + +The number of messages related to AMC on trading-focused social media site Stocktwits rose more than 7% on Wednesday, with most of them reflecting a positive sentiment. + +AMC daily stock trading volumes in the past week have reached their highest since January, according to Refinitiv Eikon, while data from Fidelity showed it continued being the brokerage platform's most traded scrip. + +GameStop was up 4.5% in premarket trading, while Koss Corp jumped 13%. BlackBerry's U.S.-listed shares were last up 18.6%, bringing their total yearly gains to more than 75%. + +(Reporting by Sagarika Jaisinghani and Aaron Saldanha in Bengaluru and Thyagaraju Adinarayan in London; Editing by Sriraj Kalluvila and Shounak Dasgupta) +The token economy is directed toward enabling maximum market participation. This goal is realised +through the creation of a platform token. + +The NTN token has an infinite supply, characterised by +instant minting/ burning of the token when bought or sold on the internal exchange. + +Each NTN token will have a predefined fixed value of $ 1. The long-term goal of the Government +Network is to replace the dollar as the fixed value of the NTN tokens to the value of a basket of +consumer goods and services paid for in cryptocurrencies. + +The NTN token will provide an alternative to fiat and fluctuating cryptocurrencies, its structure +allows for efficient trade and market interaction. The dollar is chosen as fixed value due to it being the +most well-known currency worldwide, with a footprint in most countries, facilitating adoption. + +For more information kindly visit: https://thegovernment.network/ +52 year old here. I have an IT consulting business which I've grown over the last decade from just me to 6 employees. For the last 4-5 years I've made almost 7 figures each year. + +Before COVID life was a dream. We had a number of clients including some very large ones. One of our niches was helping startups set up/expand their offices, scale their internal tech, onboard their employees, and streamline IT processes. + +Through some luck and hard work we had a number of startups grow to be 200+ people and doubled our revenues twice through monthly recurring revenues and hardware sales. + +At the time I had my 6 core guys and a few contractors. I maybe worked 5-10 hours a week. I would go biking on Mondays and Fridays, work a little during midweek, and take care of the books, orders, and other things. Sometimes I worked so little I actually felt guilty. I gave all my guys raises and bonuses. Paid for 2 company vacations for the whole team over 2 years. + +These days life is much different. We lost the big startups and, due to the WFH revolution, there's not much new startup business coming our way. We're back to serving smaller traditional businesses (40-50 user design, professional services, financial services) which are slower growing. We have a few smaller startups but they are growing more organically. + +The market has become super competitive as more people and companies have discovered it can be a lucrative business. Icing on the cake is that we not only have to support technology but also have to be cybersecurity experts to keep up with all the changes in IT security. + +Now I'm working 50+ hours a week. I'm on calls back to back most days - be it with clients, vendors, my employees, or interviewing candidates to fill positions. It's harder than ever to find quality people. Our ad spend is significant to keep growing in order to make up for the higher than usual attrition and loss of clients in these uncertain times. + +As I type this it's 1AM and my ears are ringing loudly. The constant zoom calls and phone calls aggravate my tinnitus. I'm lucky if I ride my bike once a week. Most days I guzzle coffee and don't eat anything until 6-7PM. I've lost 20lbs and a lot of muscle tone. I look in the mirror and it's like I've aged 5 years in the last year. If I get 5 hours of sleep it's a great night. + +In any event, I have about $6MM in investments, my house, and retirement. I'm confident that at the very low end I could sell my business for $4MM. + +On bad days I just say F this and want to sell. I already have a couple emails in my drafts folder to some business brokers I know. + +On other days, I think if I just push through these hard times and get some good people in place, that I'll enjoy my work again, have more free time, and be able to sock away some more money. + +In any case, sorry, sort of rambled on for a bit there...lot of questions but wanted to get some opinions. I guess the main question is should I stress myself out for another million? Or start thinking about a quicker exit and enjoy my life. Thanks for any words of wisdom. +If you, like me, used recent events as an excuse to leave the clowncar Robinhood, double-check that the cost basis for the transferred shares is correct. Robinhood apparently managed to send Vanguard random numbers for my portfolio. + +Even on really simple cases of a few shares bought a year ago and never traded at any point later, the cost basis is just... wrong? For my entire portfolio, plus a few dollars/share here, minus a few dollars/share there, not really any reasoning for any of it, but definitely an overall much lower total cost basis than actually should have been there. + +If you haven’t left Robinhood yet, get out. This kind of technical incompetence isn’t just embarrassing, it’s scary. You don’t want to keep your money in a clown car. + +Edit: For those saying they never received cost basis, note that I only received mine more than a full month later and after I sold some shares - the transfers went through on 2/5-2/8 and I got a statement indicating cost basis was updated on 3/10 for shares which I'd sold (and cost basis information appeared on all other shares). Somehow the date in the cost basis is correct on Vanguard, but the amounts are wonky (roughly the date of the transfer, but the purchase date is correct for some, for others random values). For example, 4 shares of EA came through as 141.50, but my entire history with RH only has one purchase for 147.25 - https://imgur.com/a/GwvQRSH +Every Redditor reading this will be highly dependent on the internet for their banking and investments. Over time, they will end up with at least a handful of important accounts whose passwords need to be strong and unique. The chances of them forgetting these passwords after a few days will add one more mental block that leads to procrastination for making new investments or keeping track—‘I don’t remember the password today and I am too busy to go through the password recovery process. I will check some other day.’ + +During the coronavirus lockdown, I had enough time to research and experiment to begin using a password manager. Over a few days I slowly started trusting it enough to update all my banking passwords and less important accounts. I learnt the difference between passphrase and passwords. Now I remember only three passphrases—the rest of my nearly 150 online accounts from 10+ years of internet usage are stored in the password manager with freshly created password which contain random characters for each. + +How did this help? I didn’t realise at the start of the password manager usage, but within a few days I had the motivation to recheck my SBI Rewardz points which were lying unused over a few years—because I had forgotten the password to it! Over the next few months, I regularly logged back in to use up those points for my family’s mobile top-ups. + +That’s already a few rupees saved. + +Now, as I began my investment journey with the help it the ELI5 series of this forum, the many processes of KYC, new account creations, mandate setups, etc. all needed me to input my banking passwords multiple times. Without the password manager, this would again have been a tedious process. + +I leave it up to you to figure out a safe and reliable service for creating and saving your passwords. I use the free version of Bitwarden (the paid version is also cheap and a good way to support the developer). But please do make a decision on it soon as it’s one of the not-so-obvious steps for an efficient netizen. +I keep reading a lot of people thinking the market is going to collapse in the next year but real estate is the slowest moving investment of all. + +&#x200B; + +First we need unemployment to go up a lot. Then we need credit to dry up which is what happened in 08. High rates alone don't cause recessions. High rates slow down the economy. + +I search for preforeclosures exclusively and there aren't many in my markets . Its actually record low pre foreclosures and on top of this a lot of the home owners tell me their banks are modifying their loans into 40 year etc. terms to avoid foreclosure. + +&#x200B; + +How are homes going to crash next year without a mass unemployment and foreclosure crisis? Most on reddit are thinking all recessions are like 2008-2012 but there have been many recessions of varying degree. Credit moves the economy and it's still easily accesible for everyone. + +&#x200B; + +I for one always do the opposite of what average people do and its made me incredibly wealthy. 2020 was an amazing year for me because when everyone was afraid that covid would end the world I bought soooo many properties at below 50% of arv. + +I'm doing the same now and I'm getting many properties lately at very low prices since investors are getting scared to invest again. I have always lived by the motto "Invest when others are saving and Save when others are spending". I intend to increase the amount of homes I purchase within the next year since inflation is killing my cash. + +&#x200B; + +Good luck to everyone but honestly don't be a pack of the herd. The funny part to me is the news is a self fulfilling prophecy the more the tv talks about a possible recession it makes people scared and then money stops moving which is the main cause of a recession. +TLDR: is it a good idea to start investing young or is this better suited for older people? + +I am a complete beginner to all this unfortunately, I'm part of the new wave brought in by GME. I want to start taking this seriously but I'm feeling a bit overwhelmed with everything at the moment. I impulsively bought ~£200 of GME, AMC, and NOK stock. I have no idea if I will lose that money or not, hopefully not but it's not the end of the world if I do. I do have 12 shares of NOK, and I realise now that it may be better to keep them as a long term investment due to 5G etc. + +Anyway, regarding dividends: right now I am 18 and put £35,500 into premium bonds. I usually make £25-50 per month, sometimes nothing, sometimes £100+. It guess it's pretty decent. But I feel dividends might be better to invest in over time? In my normal bank account I have about £4.5k spare money to play with. + +Would it be worth it to put in say £300-1000 in a dividend portfolio to get started? I can then invest about £20 a month consistently, plus whatever else I can put in at the time. So far I've just been dumping spare cash into my premium bonds, like a few weeks ago I put in 1k, and I was planning on doing the same in a few days but now I'm debating if I should start focusing on dividends instead. + + +EDIT: thanks everyone for all the help and guidance! +There is a new type of ponzi scheme growing, and it's being promoted in this sub as a legitimate investment opportunity. And it has been giving me big 2017 bitconnnecccct vibes, so I wanted to warn all the newbies. + +These types of scamcoins are all over the sub right now. + +"Farming" and "Deflationary Tokens" can be indicators that the cryptocurrency you are buying is a scamcoin built to make developers (or at best, early adopters) lots of coin -- and to be promptly dumped on unsuspecting investors. + +Some examples: +Cobalt.finance +Goodboi.finance +Wynaut.finance ( Meowth and Wynaut) <- Being shilled right now, in this sub. +Shrimp.capital <- Being shilled right now, in this sub. +Hoge. + +There are heaps of examples of projects like these, and they all rely on the same model. + +First, The developer creates a smart contract which either: + +A) Burns 2-10% per transaction. + +B) Steals 2-10% per transaction and gives it to "stakers". + +C) Allows you to lock (stake) your newly purchased token to farm more of the token, or another shitty token. + +Fun fact: there are generators for these smart contracts avaliable on the internet for $100. + +Secondly, The developer puts the all the tokens and 1BNB in Pancakeswap or Uniswap, and burns the Liquidity Provider tokens. This is done to convince users that they cannot be "Rugged" by a developer removing the BNB from Pancakeswap -- rendering the tokens worthless. + +Thirdly, the developer announces the release of his token. Not before putting in a big buy order on Pancakeswap, gobbling up a large chunk of the supply and promptly dumping it on everyone who purchases after him -- who ignorantly think that because the LP token was burned, they can't get "rugged". + +If the coin you're thinking of investing in, fits this criteria, it's probably a pump and dump shitcoin. + +https://tokensniffer.com/tokens/scam maintains a list of known rugs and scams, but often once it's on this list -- it's too late. + +Nobody in a year is going to remember yet another "deflationary" coin that has 0 usecase. Goodboi will not be the next Dogecoin. + +Anyone shilling these coins has big bags and is just trying to dump them on you, and is complicit in perpetuating the scam. + +That is all. I'll try to get you guys some good gems in coming days btw. +So my parents claimed me as dependent on their taxes so that they could get the benefits. The problem is, I pay for my rent and I take out my own loans for college because they don't help me out at all. I think this might be causing me issues getting money from the FAFSA as well, because the government thinks my parents pay for over half of my income, when in reality they don't. +What should I do in this situation? + +Edit: took out a sentence at the end because hella confusing + +Edit: I live in my own apartment, not with my parents. I pay my own rent and utilities and healthcare bills. I pay and take loans out in my own name when needed to pay for tuition for college. And no, I am not lying about any of this. +Thank you everyone for the advice! I'll go ahead and try to talk to my parents again considering they pay nothing towards any of my living or college expenses. + +Also, I'm a chick. +I currently work with taxes in the US. Was offered a position as a financial controller for a restaurant. Basically accounting/payroll/inventory but also managing deliveries and helping with catering drop offs (moving/setup/ billing clients). Although I'm confident I could learn every aspect, glass door is suggesting an accounting degree and ~ 3 years experience. + + +I think even if it was half of the job, I'd feel comfortable accepting. There is just a lot of room for error with the lack in experience. I'd be going from $14/hr to 50k and it's hard to turn down that raise when they asked me (I didn't apply). + + +Is it common to actually turn down work and be honest when underqualified? + + +Edit: Survey says I take the position and learn as I go. They wanted me for some reason so I need to trust them and myself. + + +Edit 2: Well. This felt like the biggest pep rally. This sub is wonderful. On top of employment insight, please send culinary inspiration. My latest project was a brown butter and banana ice-cream. +I see this over and over in my family and friends and ironically in r/personalfinance. " I want to live my life, not save every penny", that sort of thing. + +**It is possible to save while still doings fun things, eating nice meals and traveling.** When someone makes it a this-or-that situation I think they are making excuses for poor spending habits or budgeting. Sometimes deferring gratification leads to the ability to have MORE fun and freedom once you've established yourself financially. I'm NOT talking about waiting till retirement BTW, im talking about getting a budget setup, getting some investments going, getting some interest coming in, paying off debt that costs you interest etc. Interest is money you could be using for fun, that you instead are paying to some huge corporation. What I'm describing isn't some kind of punishment, it's a way to be more intentional and to always make sure the things you are spending on are helping you attain your goals and add lasting fulfillment to your life. It's the ability to buy things at their actual cost because you can get a decent interest rate. + +I don't make insane amounts of money, but I'm careful and try not to buy things I don't need. I always ask how many times a year I will use something before buying it. I think about how small amounts add up to be a big amount over time. My family mocks me saying things like " he still has his first $1." Basically saying I'm cheap. They all buy whatever they want when they want it. They are in debt, stuck in life and unfulfilled by the very items keeping them there. Once you get on the roller coaster of spending on credit cards for instant gratification, it can be VERY hard to get off. + +I'm not saying this in a judgemental way, I've just seen so many people I care about struggle financially because of this mindset. I've seen it limit their ability to see the world and follow their dreams. Seeing it being perpetuated in a place designed to help people get their shit together is kind of brutal to watch. + +If you are a young person coming here for advice, this is the best advice I can give: Briefly defer your gratification. Half the time the thing you "must have" seems pointless if you just sit on it for a week. Avoid impulses and focus on experiences and items that will last and wear well over time. Once you have established a solid financial foundation, your ability to go places and do things will quickly outpace the friends and family around you that are focused on attaining every minor impulse and paying off the associated debts. + + + +**TL:DR You can be financially together and still have a fun!** + +**EDIT: New post showing examples: +https://www.reddit.com/r/personalfinance/comments/5n3zej/small_changes_can_help_you_save_and_have_fun_here/** + + +> A Long Island man who only ever made one mortgage payment has deftly used the courts to stay in the house for 23 years — for free, according to legal papers. + + +https://nypost.com/2021/05/01/ny-man-dodges-eviction-for-20-years-living-in-foreclosed-house/ +Im on £28k. 55% of my pay instantly goes out to rent and bills and I literally cant get anywhere cheaper in my area that isnt a flatshare (fuck ever doing that again). With strict budgeting im lucky to have £100-£200 left at the end of the month -- saving for a mortgage deposit feels impossible. + +I feel like if your living payday to payday on an average salary somethings wrong somewhere... +I’ve deposited about $800 into my brokerage account. After 2 weeks the total account is at about $940. Im obviously happy that my accounts value is positive however how can I grow a small account quicker. I don’t have near $25,000 to use to open a marginal account and with my cash account I can only trade once every 2 business days (Webull) which makes growing the account slow and tedious. Any tips/ comments would be much appreciated. Hope everyones having a good night! Looking forward to Monday!💪🏽 +I love economics. I feel like I don't know enough economists and I feel stuck in a small bubble and would like to expand my horizons and find new economists with powerful and interesting ideas. +I've seen someone say once many moons ago that using rude or weird comments on bank transfers can look bad when looking at mortgages, is this absolute rubbish or have any truth? + +Do I need to change the comment that I send rent to my boyfriend to from "sex money"? + +Eta, thank you all, for the sake of a very unfunny and dead joke I will change it *just in case* + +Eta 2: have been doing it for about 3 years with no issues +Here is an ELI5 ("explain like I'm 5 years old") for the SoftBank news, very simplified, using toy numbers: + +Imagine SoftBank buys a TSLA call option from Goldman Sachs for $1 + +That TSLA call option gives SoftBank the right to buy a TSLA share from Goldman for $500 + +Goldman Sachs wants to make sure he can easily sell a TSLA share to SoftBank for $500 even if the TSLA share price jumps up to $650 overnight + +So Goldman Sachs buys a share of TSLA at the current market price (say, $475) to "hedge" the call option that he sold to SoftBank. Now that Goldman owns a $475 TSLA share, he can sell it to SoftBank for $500, no problem + +In this way, SoftBank spends $1 to buy a call option and in doing so forces Goldman Sachs to buy a TSLA share for $475 + +The big news is that SoftBank spent more than $4 billion buying call options, and in doing so forced market makers to purchase **hundreds of billions of dollars of worth of shares** + +This distorted the stock market. SoftBank's leveraged speculation produced, or amplified, a huge market bubble + +It's like a Ponzi scheme, or a chain letter, or a stock pump/dump. It works by sucking money in. If you sell early (while the money is still flowing in), you win. If you sell too late, you lose + +Generally speaking, 2019/2020's abnormal moves in TSLA (and other "hot" companies) seem to have little or no basis in business reality + +Instead, they may be in large part caused by option (leveraged) speculation, which became popular among retail investors (e.g., r/wallstreetbets) in 2019 and which was taken to an extreme by SoftBank in 2020 + +Everybody hates ZeroHedge, but ZeroHedge broke this story before FT, WSJ, and CNBC. The ZeroHedge article appears to be accurate and has the details (SoftBank's 13-F disclosures, indicating which companies' shares were probably involved, etc.). So take a look: https://www.zerohedge.com/markets/one-day-after-zero-hedge-ft-unmasks-softbank-call-buying-nasdaq-whale + This is a TIKI like story of devs that failed but didn't give up. + +Daddy token **FAILED** the first time with a BANG. Live in front of 700 people on a voice call, the contract was torn apart by a botted 150 BNB transaction in the first millisecond of trading. + +Devs Anthony Lee and Harry Knight didn't run. Among growing criticism, they decided to do something about it, in a way that would benefit original believers. + +With a desire to do the right thing for the community, after days of exploring what went wrong, and after hiring what is probably best coding team in the world, Anthony and Harry improved on Olympus token with some very important modifications. 🔥 **$PHNX (phoenix) DADDY was REBORN**! + +With a supportive community, strong believers and a "FULLY TESTED" contract, Daddy Reborn will have a whitelisted presale on DXSale on Friday the 16th of July at 5pm UTC. + +💎BUSD rewards with manual buyback (auto buybacks have failed for many projects) 🔥 + +✔️Supported By The Community, Revived By The Community 🍪 + +📌$PHNX is a BUSD rewards token 🌱 + +🔰2% BNB converted marketing wallet means the project has funds to go the long haul 🔥 + +⚙️TOKENOMICS + +* Supply: 1B +* Marketing wallet 2% per txn +* Burn (Fee): 50% of total supply +* Redist in BUSD 4% per txn +* Liquidity: 10% per txn +* Manual buyback 2% per txn + +Join the community for more❗️ + +🌐Website: [https://www.daddytoken.net/](https://www.daddytoken.net/) + +📱Telegram: [https://t.me/thedaddytoken](https://t.me/thedaddytoken) + +🐦Twitter: [https://twitter.com/TheDaddyToken](https://twitter.com/TheDaddyToken) + This is a TIKI like story of devs that failed but didn't give up. + +Daddy token **FAILED** the first time with a BANG. Live in front of 700 people on a voice call, the contract was torn apart by a botted 150 BNB transaction in the first millisecond of trading. + +Devs Anthony Lee and Harry Knight didn't run. Among growing criticism, they decided to do something about it, in a way that would benefit original believers. + +With a desire to do the right thing for the community, after days of exploring what went wrong, and after hiring what is probably best coding team in the world, Anthony and Harry improved on Olympus token with some very important modifications. 🔥 **$PHNX (phoenix) DADDY was REBORN**! + +With a supportive community, strong believers and a "FULLY TESTED" contract, Daddy Reborn will have a whitelisted presale on DXSale on Friday the 16th of July at 5pm UTC. + +💎BUSD rewards with manual buyback (auto buybacks have failed for many projects) 🔥 + +✔️Supported By The Community, Revived By The Community 🍪 + +📌$PHNX is a BUSD rewards token 🌱 + +🔰2% BNB converted marketing wallet means the project has funds to go the long haul 🔥 + +⚙️TOKENOMICS + +* Supply: 1B +* Marketing wallet 2% per txn +* Burn (Fee): 50% of total supply +* Redist in BUSD 4% per txn +* Liquidity: 10% per txn +* Manual buyback 2% per txn + +Join the community for more❗️ + +🌐Website: [https://www.daddytoken.net/](https://www.daddytoken.net/) + +📱Telegram: [https://t.me/thedaddytoken](https://t.me/thedaddytoken) + +🐦Twitter: [https://twitter.com/TheDaddyToken](https://twitter.com/TheDaddyToken) +So I've come across this index fund: https://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/u/ubs-global-enhanced-equity-income-c-gbp-income + +On reading it, it saying the historical dividend is 10.36%. Is that right? Would someone investing in this fund really be getting 10% dividends a year? What am I missing here? +[https://www.reuters.com/article/us-health-coronavirus-vaccines-moderna/moderna-says-its-vaccine-is-94-5-effective-in-preventing-covid-19-idUSKBN27W1E6?il=0](https://www.reuters.com/article/us-health-coronavirus-vaccines-moderna/moderna-says-its-vaccine-is-94-5-effective-in-preventing-covid-19-idUSKBN27W1E6?il=0) + +One of the good outcomes of Moderna's vaccine is that it can be stored in a Household or medical refrigerator for up to 30 days. This should be able to smoothen the logistics of distributing the vaccine. + +What are yourr moves for today? MRNA is already up by 15% in the pre-market +I am fatigued. But it’s not from GME. It’s from working my ass off only to pay $80 to fill my gas tank, and spending $300 a week on groceries for a family of three. It’s from being on water restriction becuase it’s already over 110° and our reservoirs are at 35%, but rain isn’t expected for another month or longer. It’s from wanting to relax and have a night out but a decent dinner costs almost as much as I earn in a day. It’s from being less than a month into the official election cycle in my state and bombarded with political signs, lies, and attack ads by narcissists who don’t actually give a flying fuck about me. Its because I’m getting older and I’m tired and I can’t sleep or rest enough to be healthy. And because government oversight committees have failed us hard (I’m looking at you SEC, FDA, and treasury!) It’s because crime is up and everyone keeps stealing my shit. It’s because babies died just going to school. + +It’s not because of GME. GME is my fucking light at the end of the tunnel. GME is the opposite of fatigue. It’s hope. GME gives me the energy to keep going in the fatigue that is the rest of life. +Something that has crossed my mind lately as I've seen news of inflation and rising interest rates impacts on 'everyday Aussies' is however with the the people they are interviewing they seem to have a lot of bits and pieces in the background, multiple vehicles, wearing jewellery, flash looking furniture, appliances throughout the home/kitchen, hair and nails did, designer pets, etc, etc. + +Even with people I talk with in person they'll bemoan the price of everything yet next thing be showing off a new PS5 game/accessory, wearing some new clothes, telling me how much they like the liquor they have been drinking lately or hyping say a new phone or electronic device. + +I don't begrudge people having nice things but it seems off if they are otherwise complaining about economic circumstances. + +Am I wrong in believing this or is their evidence to back this up? What's everyone here think? +I was certain my fixed rate of 1.89% ends mid next year. However I checked and it’s actually until 2024 instead. + +Just wanted to balance out some of the doom and gloom on here today. I really feel for you guys facing mortgage stress (but feeling myself even more rn ngl) +If you, like me, used recent events as an excuse to leave the clowncar Robinhood, double-check that the cost basis for the transferred shares is correct. Robinhood apparently managed to send Vanguard random numbers for my portfolio. + +Even on really simple cases of a few shares bought a year ago and never traded at any point later, the cost basis is just... wrong? For my entire portfolio, plus a few dollars/share here, minus a few dollars/share there, not really any reasoning for any of it, but definitely an overall much lower total cost basis than actually should have been there. + +If you haven’t left Robinhood yet, get out. This kind of technical incompetence isn’t just embarrassing, it’s scary. You don’t want to keep your money in a clown car. + +Edit: For those saying they never received cost basis, note that I only received mine more than a full month later and after I sold some shares - the transfers went through on 2/5-2/8 and I got a statement indicating cost basis was updated on 3/10 for shares which I'd sold (and cost basis information appeared on all other shares). Somehow the date in the cost basis is correct on Vanguard, but the amounts are wonky (roughly the date of the transfer, but the purchase date is correct for some, for others random values). For example, 4 shares of EA came through as 141.50, but my entire history with RH only has one purchase for 147.25 - https://imgur.com/a/GwvQRSH +AND THE PRICE NEVER DROPPED?? + +CAN THIS STOCK GET ANY MORE BULLISH?? + +This shows how gamestop **cares** about us. They could've sold in the future when the price would be higher to make even more money but they didn't so that it doesn't cancel the short squeeze. They would rather take less profit and contribute to the squeeze. + +[https://www.cnbc.com/2021/04/26/gamestop-shares-jump-after-the-reddit-favorite-raises-more-than-500-million-in-stock-sales.html](https://www.cnbc.com/2021/04/26/gamestop-shares-jump-after-the-reddit-favorite-raises-more-than-500-million-in-stock-sales.html) + +CNBC on our side?? What is this? + +"[GameStop](https://www.cnbc.com/quotes/GME)’s stock price climbed in extended trading Monday after the video game retailer said it sold 3.5 million additional shares, raising $551 million to speed up the company’s e-commerce transformation." + +They literally sold their 3.5 millions shares and we didn't even feel the drop, hell all we are seeing is green. These guys are **legends.** + +They erased their debt and now they have half a billion dollars in capital which will be reinvested in the company. I've never been this hyped about GME for some time. + +The market at open tomorrow will be wild, could this week be the moment we've all been waiting for? Only time will tell... + +If it is, hold strong in the 300$-1000$ region, this will be the real test and will be the takeoff leading to the a short squeeze. Expect a bumby ride. + +Edit: Sorry I said in the title the debt was 300M but it was around 226M and i can't change it +I sold my last company about 5 years ago and took on a consulting gig for the past 4 years. I did well at the consulting gig in 2019 and 2021, but 2022 has been rough, with my income barely exceeding my ~$250k year expenses for a mid 30's individual married with 3 boys (12, 8, and 5). 2023 will probably be rough again as well if my assumption about a recession is accurate, given my industry. + +From March 2020 COVID lows of ~$2 million, I hit a peak net worth of $10.5 million in November 2021 and steadily lost about $6 million over the last 12 months. I am now down to a net worth of $4.5 million (1/3 of my net worth is in a pre-tax retirement account). The source of the decline has mostly just been holding assets that have gone down in value, e.g., tech stocks like TSLA, AMZN, MSFT, META, etc., and crypto. In hindsight, I got lucky that the assets I happened to own did well, but I did not sell anything at the top or near the top, and now I have assets that are down anywhere from 35% - 75% from their peak. Dumb, yes I know. + +Throughout this year, I have incorrectly assumed that inflation is transitory, that the Fed would stop raising rates at some point, and that the market would recover. I have been wrong every single month, and I have another chance to be wrong on Thursday with the next CPI release. The challenge I face now is whether I finally accept the mistake I made, sell into some other lower-risk assets, or even just move to cash and then figure out my next plan. + +When I ask myself if I had this money as cash in my hands right now, would I buy the same assets I have right now, my answer is, for the most part, yes at these prices (maybe I'm a moron). The only thing I'd change is maybe selling 10% - 20%, so I had $300k - $600k in cash on hand. + +For anyone else that has had large gains from a concentrated position and then suffered a large drawdown, what did you do? How did you handle the mental anguish of letting such a life-changing amount of money slip through your fingers? Nearly every day, I think about how I should have sold last year, and it's clearly not healthy for my mind, but I can't stop fixating on how much of a mistake I made. I really can't believe it's been a year since the peak. + +If anyone has any advice that would be great. I feel really burned out and can't really see starting another company right now, and so for now, I'm still just going to do the consulting gig, but I hate it, and again, in hindsight, if I had sold, I probably had enough money not necessarily to retire but maybe to get pretty close and at the very least to quit this job. Now that door is closed, which makes me feel worse. After writing this entire thread and re-reading it perhaps I need some sort of therapist for morons but I'll just post it anyway. If you're just going to say I'm an idiot, that's fine, go ahead. It's certainly something I've thought every day for most of this year. + +Does anyone have any advice? +Okay CMS, let’s sit down and chat for a moment. How many of you have gotten rugged here? I know I have. Four times. Why are you still here, scrolling through the hot posts? Because you believe you can find a low-cap market gem? They are few and far between. Thankfully, i have emerged from the bamboo forest to share with you my experience with PinkPanda. + +&#x200B; + +For my part, I found PinkPanda after getting rugged. I was messaged by a dev of PinkPanda, who had also been rugged by the same coin. I was skeptical, naturally, but decided to see what the project was all about. I was immediately drawn in by the transparency of the team. They were active and constantly giving updates. Before launch the founder was doxxed and now holds regular informal AMA’s in the telegram chat. I came to trust this team fully. + +&#x200B; + +Not only did the team earn my trust, but the project as well. I was impressed when the roadmap was revealed. It was not a generic roadmap, or a roadmap built completely on marketing and hype. Of course marketing is a big part, but this isn’t a meme coin being pumped by social media influencers. This is a real investment with a real use case. And the team continues to quickly deliver on roadmap goals. The mobile app and an update have already been released, less than 3 weeks since launch. The leveraged DEX that is coming to the mobile app later on is going to be an absolutely game changer in the BSC world. + +&#x200B; + +Beyond having a convincing use case and well-devised plan for success, this coin also donates to cancer charities. It is a personal cause for a lot of us, and one that further inspires me to write posts like this to get the word out. It is just a fantastic project for so many reasons. + +&#x200B; + +As I’ve mentioned, many have stories similar to mine. Look through the comments on this post and I’m sure you’ll see a lot of them! The PinkPanda community is an incredible group of people… err… I mean pandas. I can say from experience that there is none other like it. This team is building something special and I feel so lucky be along for the ride. + +&#x200B; + +I’ll post some other info about the token below. If you have any questions please jump in the telegram with us. You’ll find plenty of pandas eager to help out! + +&#x200B; + +Tokenomics + +&#x200B; + +\-1 quadrillion total supply + +&#x200B; + +Breakdown: + +&#x200B; + +\-50% burned (500T) + +&#x200B; + +\-20% presale (200T) + +&#x200B; + +\-20% initial liquidity (200T) + +&#x200B; + +\-5% charity and community airdrop wallet (50T) + +&#x200B; + +\-5% dev and marketing (50T) + +&#x200B; + +Taxes: + +&#x200B; + +\-5% of each transaction auto-locked in liquidity on Pancakeswap + +&#x200B; + +\-5% of each transaction automatically redistributed to PinkPanda holders + +&#x200B; + +&#x200B; + +Telegram: https:// t.me/PinkPandaDefi + +&#x200B; + +Twitter:@PinkPandaDefi + +&#x200B; + +Website: https:// pinkpanda.finance + +&#x200B; + +Reddit: r/PinkPanda + +&#x200B; + +Contract: 0x631e1e455019c359b939fe214edc761d36bf6ad6 + +&#x200B; + +Chart: https:// poocoin.app/tokens/0x631e1e455019c359b939fe214edc761d36bf6ad6 + +&#x200B; + +Apps: On IOS and Android, search for “PinkPanda Defi” +Hi, I'm in my 20s and unmarried, and this will be the case for a long time. Here is what I have decided to give a dedicated portion of my salary to. + +**The one thing that bothers is where do I include expenses such as EMI for a Car let's say 20k/m? In that case what category should be squeezed to balance it out?** + +I'm still yet to finalize my funds and plans for my investment. Been lurking on this sub lately to get more clues. + + +Open to all of your opinions please feel free to adjust and let me know why so, Thanks. +1) Fixed amount must be invested to the upper limit + +|Name|Limit|\~ Percentage| +|:-|:-|:-| +| Investment (mutual fund) | 50,000 |35| +| Long-term investment\* (life Insurance) | 10,000 |7| +| Health Insurance (personal) | 5,000 |5| +| Critical Saving (recurring deposit) | 15,000 |10| + +&#x200B; + +2) Expenses remaining go to (4) + +| General Expenses (Rent, Food, Utility Bills) | 30,000 |21| +|:-|:-|:-| +| Travel Expenses | 5,000 |5| + + + +3) Good expenses to have for personal development only + +| Personal Development (Gym, sports, hobbies) | 10,000 |7| +|:-|:-|:-| + + + + +4) Unnecessary expenses for impulse buying, unexpected funds, non-investment related EMI + +| Personal milestones, unnecessary EMI, and unexpected funds |12,000|8| +|:-|:-|:-| + + +&#x200B; + +Charity! + +|Charity| 3,000 |2| +|:-|:-|:-| + After missing out on concerts for 2 years due to COVID-restrictions. I was recently reminded again why Ticketmaster is one of the most hated company in the world. I wish them a quick bankruptcy. I bought tickets for a concert and the tickets fees were more than 75% of the original ticket price. Which is absurd. + +The internet is full of people complaining about Ticketmaster and their fees. For instance this hilariours woman: + +>Why are Badbunny tickets so expensive? Y’all making me want to sell pictures of my husbands feet on only fans – frustrated Ticketmaster customer + +[https://www.tiktok.com/@\_j\_e\_n\_n\_/video/6950782961763601670?is\_copy\_url=1&is\_from\_webapp=v1](https://www.tiktok.com/@_j_e_n_n_/video/6950782961763601670?is_copy_url=1&is_from_webapp=v1) + +In the “Last Week Tonight” show, John Oliver explained the shady behavior of Ticketmaster in an entertaining way, including clips of frustrated Ticketmaster customers (like the one above). + +**A short recap:** + +\- Average prices of tickets have more than tripled, since the 1990s (even before tickets hit the resale market) + +\- Ticket fees are determined in collaboration with Ticketmaster’s clients (Venues, Promoters, sometimes the artists) + +\- These other parties that share in the tickets fees are mostly owned by… Ticketmaster + +\- Ticketmaster facilitates professional scalpers and multiple account use + +\- In some cases less than 8% of all tickets for shows of major artists gets sold directly to the public. Where do the rest of the tickets go? To professional ticket scalpers + +\- Professional scalpers represent the overwhelming majority of sellers on secondary market places + +\- Scalpers mark-up the price on average with 49%, but sometimes even hike up the price more than 10x + +\- Secondary markets charge exorbitant fees + +The result of this is that the ticketing industry is very inefficient. Parties that do not create any value for fans and artists receive a big cut of the revenue + +[https://www.youtube.com/watch?v=-\_Y7uqqEFnY](https://www.youtube.com/watch?v=-_Y7uqqEFnY) + +**How can blockchain technology improve the ticketing industry?** + +\- Blockchains are transparent and immutable. Scammy practices such as direct selling on secondary markets or selling huge amounts of tickets to professional scalpers will be visible to fans + +\- Smart contracts can be programmed with a maximum resale price or maximum mark-up from the original price + +\- Blockchain cut out the middle men allowing artist to sell more directly to fans + +\- Tickets can include a royalty fee for artists, when tickets are sold resold (similar to royalty fees on NFT art). + +\- NFT tickets become tradeable digital collectibles, allowing artists to interact with their fans even after the event + +R.I.P. Ticketsmaster. I hope we will soon be able to buy tickets for our favourite artists without ridiculous ticket fees. +LivingAFI was always the quiet, philosophical, somewhat tortured book-end to MMM during the mid 2010's. He wrote a lot less frequently, and never had any ads or recommended products; simply good, long-form, very introspective thoughts on FI and life. + +He's barely posted since he retired in 2015, and today is the first time he's posted in 5 years. The intervening 5 years have covered the happiest year of his life, the worst year of his life, health issues, divorce, and a return to work. + +It's interesting, sobering, and worth the (long) read. There's a lot to unpack, and it speaks a LOT to the things discussed on this sub constantly: What will I do with my time after I retire? How do I find purpose without work? How do medical issues affect the best-laid plans? Is going back to work 'giving up'? Will being retired make you happy? + +I hope this doesn't run afoul of any 'promotion' rules here: I have no affiliation with him, and he has no ads or products; I think this is a fantastic post to foster communication, and it is a very in-depth look at things that get discussed every day in this sub. + +[Post is here](https://livingafi.com/2021/03/17/the-2021-early-retirement-update/) for those interested. +I know everyone is a bit shaken by today, and I’ve seen many people complaining that there must be some paper handers amongst us. But if you look at the evidence, THAT ISNT A PROBLEM. + +WE ARE ACTUALLY FUCKING CRUSHING IT. + +It’s genuinely incredible. And it deserves to be said. It is *astounding* the uniform resolve people are showing right now. + +The price action today is complete bullshit, short ladder attacks mostly. And we are getting to the end of their bag of tricks. + +I’m not even worried anymore, and I almost never trust crowds. But when you look at the volume you see that we are overwhelmingly DIAMOND HANDED MOTHERFUCKERS. + +Y’all have amazed and inspired me. I am going to sleep well. + +And when the hedge funds inevitably break because they basically have to, I am excited to have a beer on Mars with some of y’all. + +Cheers to becoming astronauts together. 🚀 🚀 🚀 +I’ve saved my first ever $10,000 this year. I never thought I could do it and I just want to motivate others that even though it’s tough, it’s possible + +Edit: this post has BLOWN up. Holy cow really grateful for all the nice comments. + +A lot of people have been asking ‘How’ and I don’t have a special formula on how to get rich. I just saved every chance I could without being a ‘cheapskate’. Only went out to nice dinners sparingly, shop at discount stores. + +The biggest money saver for me was food. It’s boggling how much money you can save if you do a bit of meal prep. + + +Edit 2: holy cow guys. Just saw my post in r/rimjob_steve and I’m nothing short but honored lol. + +I hope this positively effects everyone it comes. +Timing in Market > Timing the Market + +This is absolutely the reason why people shouldn’t panic over a 10% drop we corrected 25% in September still managed to hit another ATH next month and we will do it again now. + +Congratulations we were able to secure ETH under $4000 again. +**FINAL UPDATE - REVISIONS FORTHCOMING** + +Thank you for the compliments and scrutiny. Based on my synthesis of the comments, I need to revise the analysis to factor in a couple things, one of which I know I can and one of which I will need to research. + +1. It is theoretically possible to eliminate some # of short positions on days in which short volume exceeds 50%, though any terrain people would have to do so on GameStop is significantly curtailed by the buy and hold power exercised by retail (which can be estimated with empirical data as I did here). Here is an exchange covering this idea... + +https://preview.redd.it/s5q3r93awi381.png?width=650&format=png&auto=webp&s=ee78ffa827ab58cf00950ebc79be79dc93959494 + +2. There may be no good way to account for non-media transactions that never make their way to the final counts of trade volume. This would introduce error into the short volume % (though not the count of short volume). [Some claim](https://blog.otcmarkets.com/2018/11/13/understanding-short-sale-activity/) short volume data are essentially meaningless. However, thanks to retail's buying and diamond-handing the issue of non-media transactions may be less prevalent for GameStop than for almost any other stock. I need to study this out more before proceeding. + +I will leave this post up for now (I don't think the DD flair can be changed), but I am happy to take down if mods think it is best. Thanks again for your time and interest and the flood of helpful comments. Time to unjack the tits just a little bit and go DRS some more shares. + +**TLDR** + +Daily volume data, including short volume data (which is not the same thing as short interest) for 81% of all GME stock trades since January 2021, suggest short positions were never at any time fully closed and that short interest on GameStop is now, at a minimum, 4 times higher than peak levels reported for January. This minimum calculation for minimum total short interest is grounded in a tenuous (unlikely) assumption that as many short positions as mathematically possible are closed each and every trading day. + +**\*Update based on smattering of comments\*** + +To clarify, I am *not* trying to calculate true or exact short interest--either in the aggregate or for any particular day. Rather, I am tying to two concepts, (1) minimum amount of new short positions created and (2) maximum number of eliminated short positions, both of which are based on daily short volume (not "short interest") and total trade volume (including dark pool volume) to estimate a *minimum* amount of running, total short interest. I do not and cannot estimate what the current short interest is. + +**Overview of short interest** + +Short interest is the number of shares that have been sold short but have not been covered or closed out (i.e., bought back). Short interest %, arguably more important, is that total number of short positions divided by the total number of shares—either shares outstanding (all issued shares whether owned by company insiders or the public) or the float—the number of shares available to the public (e.g., institutions and individual investors) for trading. + +Twice a month, FINRA (a private agency that regulates exchange markets) requires that firms report every short interest position in every security (i.e., stock) in every single account. So, short interest data shared by FINRA are supposed to be complete, but the data are always out of date and self-reported to a private corporation that is not directly accountable to the public, but rather overseen by the SEC. + +[Figure 1 - That face when people ask about the latest short interest you self-reported to FINRA](https://preview.redd.it/uxz5qfidwi381.png?width=936&format=png&auto=webp&s=ddbe12738d58799b3b814aad3cfa7bc077a3acc7) + +**Short interest in January 2021** + +Reported short interest from FINRA and others on GameStop now stands at \~10%. The situation was very different in January 2021. Though data-driven estimates for exact short interest % vary both in range and by date, they all agree that short interest in GME exceeded 100% of shares outstanding in January 2021. This means some bona fide shares had been sold short more than once and/or market makers (e.g., Citadel Securities) had created and lent synthetic shares but had yet to locate and take claim of real shares in order to close out the synthetics. Table 1 provides a summary of the available estimates and a synthesis of them to create the starting point for calculations to come. + +&#x200B; + +[Table 1 - Data-driven estimates of short interest in GameStop | January 2021](https://preview.redd.it/wx6fh2ujwi381.png?width=1828&format=png&auto=webp&s=7e74453a171b6134351cf5527794072412cc5302) + +**Daily minimum # of new short positions** + +Each trading day, some percentage of the total volume of trades on a stock is sold short—not just sold, but rather borrowed and then sold. On days in which the volume sold short exceeds 50% of total volume, by sheer mathematical force, aggregate short positions increase. For example, let’s say that a total of 100 shares of a certain stock are traded in a single day. If 60 of those shares are sold short, then at the end of the day, the minimum # of new shorts created is 20. The remaining daily volume would allow for 40 short positions to be closed (i.e., bought back) but we must not forget about the 60 also created on this day. This is perhaps best conveyed visually: + +[Figure 2- Short selling more than 50&#37; of volume on a trading day increases total short interest](https://preview.redd.it/otro3n2mwi381.png?width=1338&format=png&auto=webp&s=3342287902fb0e936cd95168d729c18c41125f86) + +In the visual, the white bar, if overlapped on top of the red bar, would leave 20 red shares uncovered, meaning net total short interest increased. It is mathematically impossible for total short interest to stay level or decrease on such days—it must go up. + +**Daily maximum # of eliminated short positions** + +On days in which the % of volume sold short is below 50% of the total volume, it is possible for aggregate short positions to decrease. Let us now invert the example of 100 total shares of a particular stock being traded on a single day. If 30 of those shares are sold short, then at the end of the day, the maximum # of eliminated shorts is 40. Yes, the remaining volume allows for 70 short positions to be closed (i.e., bought back), but we must not lose sight of the 30 that were created this day. Here is the visual illustration: + +[Figure 3 - Opportunities to reduce short interest emerge on days when short sale volume is less than 50&#37; of total volume](https://preview.redd.it/4egn5k1qwi381.png?width=1298&format=png&auto=webp&s=9ac1ea06dc26b8cb1520a8bb2b405c6c7c3a7fc6) + +In the visual, the red bar, if doubled, would leave some white space uncovered, meaning it is theoretically possible on this day for total short interest to be reduced. Because the 30 shares sold short would first need to be closed before short interest can be reduced, the maximum window for closing out short positions is confined to the final 40 shares. + +Since January 4th, the first day of trading in 2021, 59% of GameStop’s volume has been sold short. On most trading days then, 85% of them to be precise, the % of volume sold short has exceeded 50% of the total volume—which means that the net outcome on most days is an increase in aggregate short positions. As shown in Table 2, the likelihood that short volume exceeds 50% of total volume declines as daily volume increases. On low volume days, it is almost always the case that short volume exceeds 50% of total volume. + +[Table 2 - GameStop volume sold short by range of total daily volume | January 4th - November 26th, 2021](https://preview.redd.it/j8mas9mswi381.png?width=922&format=png&auto=webp&s=8535c73d0db535c9038bdfb98b5b2a839f077ca1) + +**Identifying the market terrain where short positions can be closed – The incredible power of buy and hold** + +Stock trade orders are routed to one of many different venues for execution. As summarized by Nasdaq, almost all retail trades (i.e., those of individual investors) are routed “off-exchange” by brokers to a trade report facility (TRF). Why? Market makers, such as Citadel Securities, who operate the facilities pay brokers to send them the trades for execution. By temporarily holding orders in a TRF (for even just a couple of seconds) before execution and concurrently deploying practices such as (a) algorithmic trading designed to nudge market prices and (b) drawing from their own cache of stocks to complete trades (a practice called “internalizing”), market makers manage to execute retail trades at the quoted price or better, reward brokers for sending the order, and generate their own direct cut on the deal. At first blush, the feat is remarkable and laudable—Citadel Securities would tell you so. A closer examination of mechanisms at work (e.g., executing sell orders on exchange to lower stock prices and executing buy orders off exchange to limit stock price increases) suggest that individual retail investors, can be left in a net unfavorable position—even if their trade was executed at as good as a price or better than what they agreed to. + +According to Nasdaq, \~ 1/3rd of trades for all stocks are executed off-exchange in TRFs, including the \~12% of trades executed in dark pools—exclusive TRFs available only to institutions that allow for trades to be made without others seeing them (or “in the dark”) before the trade is complete. Critics of dark pools note that they obscure price discovery and enable abusive tactics. + +&#x200B; + +[Figure 4 - Distribution of trades in US Market | Oct - Nov 2018; credit to Nasdaq](https://preview.redd.it/imquwmvvwi381.png?width=1090&format=png&auto=webp&s=6581f6ba191ae6ce1116f12a645aa65b9bb39301) + +The distribution of trades executed for shares of GameStop differs from the picture shown above. As shown in Figure 5, 42% of GameStop trades are executed at off-exchange TRFs, but only 8% make their way to dark pools. Daily volume also shapes the distribution of trades with off exchange percentages generally increasing whenever daily volume increases. + +&#x200B; + +[Figure 5 - Comparison of where GameStop trades are routed for execution](https://preview.redd.it/68n3g09ywi381.png?width=578&format=png&auto=webp&s=7055c0bf5ce4578faa4b3c1bafa353c693f59f67) + +Second, and more critical to this analysis itself, trades for GameStop executed in the TRF space are overwhelming buy orders. Though publicly available data address only the number of trade orders executed each day rather than specific volume counts, most retail trades (typically 80% to 90%+) are orders to buy GameStop, not sell it. So, if retail has indeed bought the float and retail is holding and not selling, who is on the sell side of the trade? Groups like investment and pension funds certainly provide some liquidity when they chose to sell off shares, but their general investment strategy is to buy and hold equities they believe will increase in value. Any liquidity they provide is intermittent and sporadic. + +For thinly traded, illiquid stocks such as GameStop, it is often market makers themselves who end up on the sell side of the trade for buy orders that come from retail. Market makers are required to maintain working pools of bona fide shares from which to draw, but these lack the scale necessary to satisfy all demand when buying pressure is significant. To fulfill buy orders in times of high demand, market makers rely on synthetic shares they create “out of thin air.” This something from nothing approach to market making allows for continual market activity (e.g., buying) even when selling parties are not to be found. A market maker has the right to and is even required to create and sell you shares when no external seller is lined up. + +Here is how Ken Griffin described Citadel Securities’ role when speaking about the sudden upsurge in retail buying that occurred in late January 2021. + +>“During the period of frenzied retailed equities trading, Citadel Securities was able to provide continuous liquidity every minute of every trading day. When others were unable or unwilling to handle the heavy volumes, Citadel Securities was there....The magnitude of the orders routed to Citadel Securities reflects the confidence of the retail brokerage community in our firm’s ability to deliver in all market conditions.” + +Once a synthetic share is created and sold off, market makers have a finite window of time in which to use your money to locate and obtain (i.e., trade for) a real share and deliver it to you to replace the synthetic one you were given at the time of purchase. The current dynamics around GameStop make delivery of bona fide shares a virtually impossible task. Constant buying coupled with infinite holding mean there are no bona fide shares to pass through to retail. Yet market makers are required to have a stack of shares (usually 100) available for purchase at all times. Whenever they can find a group (e.g., a hedge fund) brazen even enough to take on new short positions in GameStop, those positions are offloaded. When not, the market maker is compelled to directly hold the short positions. + +Moreover, the buy and hold strategy retail has adopted for GameStop significantly reduces the terrain that can be canvassed for opportunities to close short positions. When, day in day out, an outsized portion of trade volume emanates from retail and 80+% of that volume is orders to buy, chances to purchase bona fide shares and close out (i.e., buy back) short positions become few and far between. + +Figure 6 illustrates this dynamic. From the perspective of market makers, the trading market for GameStop has become extremely disarranged. 42% of trades are executed at off-exchange TRFs—83% more than typical—and 80% to 90% or more of that volume is buy orders. Reducing short positions, let alone becoming position neutral, on highly illiquid and over-shorted stock like GME is a near-impossible task when daily confronted with new buy orders to fulfill. + +[Figure 6 - The terrain market makers and other firms must navigate when executing trades and seeking to close out short positions on GameStop](https://preview.redd.it/8lp1p6y6xi381.png?width=1780&format=png&auto=webp&s=362fbbba8ae5ac343fdc63fb5b4f1d8dd18d5d8e) + +Because retail trades on GameStop are continuously skewed toward buying—a sustained 85/15 mix looks nothing like a 50/50 mix—it is important to adjust (i.e., reduce) the daily terrain that can be canvassed by those looking to close out short positions in GameStop. This is particularly true in light retail already owning the entire float of GameStop (see due diligence done by multiple others to learn about the evidence thereof). When a new buy order from retail is now fulfilled, it is rarely if ever preceded by a successful hunt for bona fide shares. Rather, the selling party on the other side of the trade is almost always a market maker with a freshly minted synthetic. Thus, when looking at daily volume for GameStop and pockets of opportunity that emerge to close out short positions, I remove 80% of volume routed to off-exchange TRFs to account for retail’s sustained buying campaign despite the float already being owned and locked. + +https://preview.redd.it/782wxgoexi381.png?width=936&format=png&auto=webp&s=4802aca79d63d95d1fcdc94637a0de1885add328 + +**Calculating minimum total short interest over time** + +As summarized in Table 3, this analysis combines daily and weekly trade data obtained from Yahoo Finance, ChartExchange, and FINRA. While mostly complete, the data have gaps and limitations noted here. To my knowledge, this is the most complete picture possible with public data and no publicly available analysis has yet combined these sources to create daily estimates of total short interest in GameStop. + +&#x200B; + +[Table 3 - Data used to calculate minimum total short interest over time](https://preview.redd.it/zerp4fiixi381.png?width=922&format=png&auto=webp&s=067fbb510ef6984cbfd8bc8c49ef374948ce99b9) + +Starting with a short interest estimate of 77.8M short positions on January 15th (see explanation in previous section), I combine the data described above to create subsequent daily estimates of new and running total short interest based on the measures of (A) daily terrain to close short positions, (B) daily minimum # of new short positions created and (C) daily maximum # of eliminated short positions that were also described in earlier sections. Recall that the last two measures are very conservative (i.e., favorable to those with short positions) in that they assume every opportunity to close a short position in GameStop is always taken. Here are the formulas expressed semi-mathematically in case helpful: + +[Table 4 - Formulas used](https://preview.redd.it/5puuwtrkxi381.png?width=962&format=png&auto=webp&s=c7c0d74523a5279d6ad2d5895d88ed744cb40742) + +**Findings** + +Figure 7 illustrates daily estimates for total, aggregate short interest based on measures of daily minimum number of new shorts positions created and the daily maximum # of eliminated short positions. + +[Figure 7 - Estimated minimum # of total short positions based on daily minimum # of new short positions and daily maximum # of eliminated short positions](https://preview.redd.it/aisbktmrxi381.png?width=1828&format=png&auto=webp&s=139dc085f82ff34ffa2427905842bcbdba2aeffd) + +Though theoretically possible that short interest temporarily declined on January 15th and for several days after, it does not appear that all historical short positions could have been closed because when minimum total short interest reached its nadir on Tuesday, January 26th, at least 8.3M short positions remained open on GameStop at day’s end—notwithstanding the fact that as many as 22.3M short positions could have been closed that very same day. In brief, (a) short interest starting out at too a high of a level coupled with (b) the stock price jumping to too high of a level coupled with (c) exponential and overwhelming growth in buy orders for GameStop created a situation where “shorts never closed”—and could never close. + +The following day, January 27th, the price of GameStop skyrocketed 135% to close at $348. Due to aggressive short selling (56% of all volume) that day, aggregate short interest on that same day rose by a minimum of 11.2M shares back up to 19.6M minimum total short positions. On Thursday January 28th, the same day many brokers restricted retail’s ability to buy GameStop, short sellers were only in position to close a maximum of 2.6M short positions. + +In the few weeks that immediately followed, minimum total short interest hovered in the 15M to 25M range before skyrocketing again on February 24th, the same day that saw a 104% increase in Gamestop’s price per share. The rise in minimum total short interest continued through late March. Since that point, a gradual, day by day increase in minimum total short interest has been the defining pattern. As of November 26th, 2021, minimum total short interest on GameStop appears to be comprised of 325.9M open short positions, or 419% short interest of the float. + +**Playing with core assumptions** + +There are four core assumptions within this analysis: + +1. Retail owns the float of GameStop. Based on the due diligence of others, it seems clear that retail owns the float and probably another three or four synthetic copies of it at a minimum. There is perhaps question as to when it was locked away for good but I would guess as soon as late January and no later than early March based simply on examining patterns in trade volume. This assumption “is what it is” and I do not intend to play with it now. Take it or leave it. +2. Short interest exceeded the float in January 2021. Table 1 provides a list of the estimates and my synthesis thereof. Because there is no unequivocal source of truth on the matter, I will hold to the assumption that \~77.8M short positions existed in GameStop on January 15, 2021. Fixing this assumption here makes it more easy to communicate changes to findings when the remaining two assumptions are shifted… +3. 100% of opportunities to close short positions in GameStop are always taken. This assumption is likely extreme but needed to be fixed in place to see whether mathematically possible for shorts to close out and for current short interest to be near the 10% level that is reported today. I will relax this assumption and use a range of 60% to 100% for seizing of opportunities to close short positions. +4. Based on trade-level data available from Fidelity, retail volume (in terms # of shares) for GameStop is assumed to be heavily weighted toward buying over selling. I will play with this assumption by allowing for a range of buying between 60% and 90%. + +As shown in Table 5, seizing upon windows to close short positions appears to be a much a more powerful driver of estimated minimum total short interest than the buy versus sell volume percentages in off-exchange TRFs. I do not know enough about how firms in the financial services industry behavior to directly speculate about how often they avail themselves of opportunities to close short positions, but in the paraphrased words of Mark Cuban, “their goal is to never close.” + +[Table 5 - Range of estimates for minimum total short interest on GameStop by November 26th, 2021 | \*number reported in main analysis](https://preview.redd.it/7fjrvvlvxi381.png?width=1276&format=png&auto=webp&s=61ba6d2a699234903a542ac991cc55ad4a89a223) + +**Known Limitations | \*UPDATED - SEE DISCLAIMER UP TOP\*** + +1. As noted in Table 3, not every exchange makes daily short volume data available to the public. Without this data, I am blind to about 19% of exchange activity—I can see the total volume of shares traded on each of these exchanges, but I cannot be certain of the number (or lack thereof) of executed trades that are short sales. To the extent short sellers’ behavior on these exchanges fundamentally differs from their behavior on more visible exchanges in ways that matter (e.g., pure buying and no short-selling), the lack of visibility introduces error. +2. Dark pool data exist at the weekly-level. As described in an earlier section, I have been methodical about how I have distributed dark pool volumes across the individual trading days within each week and this process suggests and general rational and consistency to use of dark pools, but it is not outside the realm of possibility that some days see meaningfully more or less dark pool volume than I estimate. For example, I can neither observe nor adjust any strange behavior like, “We short double on Mondays and not at all on Thursdays.” +3. I do not definitively know when (or if I suppose) the float was locked by retail. It seems possible it was not locked at the date that this analysis begins (January 15, 2021) and I have not really looked at how they might shape ability to close short positions and/or calculations of minimum total short interest. + +**In conclusion** + +In short, I like the stock. Hedgies r wReKt. Call your mom. BUY, HODL, DRS. Diamond hands to infinity. + +Also: This is not financial advice. I am not a financial professional nor am I qualified to offer financial advice. This study has not been peer-reviewed let alone ape-reviewed. Known assumptions and limitations have been communicated. There are likely others. Inform yourself and make your own financial decisions. + +© u/bobbobberstein +Back in World War II, the United States' economy consisted of about half of its workforce producing intangibles. However, right now, that percentage has grown to 78%. + +I would assume that a war economy would need more of a large manufacturing sector to manufacture bombs and planes and wouldn't have much need for the service sector. Would there be a mismatch? + +Would it be possible then to quickly transform the economy to focus more on manufacturing for war without the economy shrinking as a huge chunk of the GDP is from the service sector? + +Most service economies right now have high debts. How would another world war which needs resources affect such debts and consequently the economy? +I feel like I waste so much opportunity cost doing the laundry, folding it, putting it away, etc. At least a few hours a week. + +What are the best solutions you all have come up with? I have never tried the house staff/maid route and am hesitant to go down that path. I sort of don't want random people in my home. Is it worth it from the convenience point of view? + +Laundry services maybe? Dry clean everything? +I live in the US, my family in Europe. + +My dad had a regular operation a few weeks ago, I stayed in touch and spoke every day etc. Then this morning...a complication. He's in hospital still, awaiting an operation. My mom was in bits, my brother shouldering a load, and I miss my dad and would like to just..be there. + +Am on a red-eye tonight, and will be back in the old country tomorrow afternoon. Budget in tact. Flights booked, car rented. + +You can't put on price on things like this, and a few years ago..5 in fact - this would have been a struggle - but this is an emergency that an emergency fund is made for...and I have this sub to thank for it. + +Edit: Holy shit balls. This blew up between me posting and getting to the airport + +Thanks for the gold...whoever it was! You are all good people. + +If you don’t have an EF. Start today. $10 stuffed in a drawer, $100 that you don’t take out from your checking account, $1000 in a savings account, $50K in a savings account and a credit card you can pay off + +It doesn’t matter, getting on top of money and being able to be in the situation where you can drop everything and do what needs done is priceless. If you’re married and have a partner on the same page...all the better (kudos to my wife - she’s shouldering our 2 year old for a week without me around) + +An emergency fund is freedom. And it’s a beautiful thing to have. +I'm 28, I inherited some property from my family that is worth a little over $1 Million. How can I become financially independent from this windfall? + +I hate my job, I work in a restaurant. My parents are militantly middle class thinkers that think the only way to be happy is to work a job, earn active income be asset rich but cash poor, I quote my mother as saying, "The only time you are free is when you die". + +I want to make this $1 Million generate enough passive income from investments; I want to create a well diversified portfolio that protects that capital but also generating me passive income and I plan to move to some SE Asian country (Thailand?) to live in a low\-cost environment while letting my dividends reinvest itself for the years. + +How feasible is this? I hate my life and I hate to work. I hate my current lifestyle and I want to spend this freedom to become a healthier better me. + +I heard that I could withdraw 4&#37; ($40,000) per year for life? + +Any advice would be greatly appreciated. + +Here is a little bit more detail about my situation. + +I am a resident of Hong Kong, and we have no dividend or Capital gains tax, therefore\-\- taxes are not factored into the capital. + +Because I live in Hong Kong, air fares to SE Asian countries are quite cheap and my home base is not too far away in case anything goes wrong in these countries. + +So, approximately I'll have about 1.2 Million USD. What is the best investment advice you can give to generate a livable passive income from this but allowing the capital to increase (protected from inflation)? +Hey there, + +I am thinking about investing it but to be honest have no idea about it. Should I talk to my bank? Its better to do it online as the bank takes high fees right? + +Also what amount of money do you need to be able to live off the returns of the investment? + +thank you for your help guys. +I live in El Salvador, proof of here: + +https://imgur.com/gallery/SmC1o9c (banana and mango for scale) + +So, what's going on right now in El Salvador? How did we get here? + +Since Nayib Bukele announced that Bitcoin will become legal tender in El Salvador, you guys preferred profits over people. Why? Well, Nayib Bukele used his popularity to trick everyone he is a "cool guy", willing to sacrify himself in the name of the people. But, yeah he is just a Trump-wannabe that uses people's ignorance to stay popular. For example, he is blaming George Soros for pretty much eveything: + +https://imgur.com/gallery/XGD0o9P + +Yeah, everything: https://imgur.com/gallery/yRqyZV1 + +From accusing Human Rights Watch director ob being financed by George Soros: https://imgur.com/gallery/IyXFeBh + +To accuse journalists of being paid by Soros: + +https://imgur.com/gallery/1CscRa4 + +https://imgur.com/gallery/JXUDigc + + +And even accusing congressmen/congresswomen of being financed by Soros because they supported the Engel List (A list of corrupt politicians in Central America) + +https://imgur.com/gallery/XGD0o9P + +Bonus track: Nayib Bukele even tried to interfere in a local US election, by asking people not to vote for a Congresswoman: + +https://imgur.com/gallery/A9ytFTB + +You did it reddit, you are supporting a President who is using the same ultra right-wing tactics that Trump used. + +Now, what's going on right now in El Salvador? + +Darkness. No really, we are being left on the dark. The Parliament approved the Bitcoin Law in LESS than six hours, and it was done very late at night: + +https://diarioelsalvador.com/asamblea-cerca-de-aprobar-el-bitcoin-como-moneda-de-curso-legal/90324/ + +Some of our congressmen didn't even know what they were voting for, for real: + +https://www.elsalvador.com/noticias/nacional/diputado-reynaldo-cardoza-no-entiende-bitcoin-apoyo-salvadorenos/871633/2021/ + +However, passing the law wasn't enough, since our country is still recovering from the effects of the pandemic. How is the government funding the Bitcoin Law? By reducing the education, and health budget and using that money to built the Bitcoin infraestructure: + +https://www.laprensagrafica.com/elsalvador/Restan-fondos-a-Salud-Educacion-y-asignan-a-Ley-Bitcoin-20210830-0081.html + +(BTW I thought you guys were against reducing education budgets) + +How is that money being used? We don't know. All of the information regarding the construction of Chivo ATMs, purchasing Chivo ATMs, purchasing Bitcoins, and the USD $30 bonus is NOW classified information. There you have it, we don't know who was awarded the lucrative contracts to build and equipt the Chivo ATMs. + +That hasn't stopped Nayib Bukele of proudly making Bitcoin related announcements: + + +https://imgur.com/gallery/jidE0oI + + +https://imgur.com/gallery/p26xqnl + + +https://imgur.com/gallery/RdYxP1f + + +https://imgur.com/gallery/ZtNqni5 (For real, no one knows about the costs of construction) + +People are against using Bitcoin as legal tender. They don't care if someone trades Bitcoin/Ethereum/Ada/Shiba/Solana, the people living in El Salvador don't want is as a legal tender. We already went through this with the Dollar, it was utter chaos. Protests are starting to gather more and more attention: + + +https://imgur.com/gallery/Fs9Z9G9 + + +https://imgur.com/gallery/3xtJutO + + +https://imgur.com/gallery/HxpJKWR + + +https://imgur.com/gallery/tlHMgUO + +Trust me, people here are not prepared to use Wallets or trade Bitcoins. You really don't know the situation in El Salvador, where people can take pictures with a smartphone or upload videos but don't know what an email is or how to reply to one. Even worst, old people cannot even understand what a password is. If you think that we "need to educate people about Wallets and Cryptocurrencies because it is the future", well come here and teach Salvadorans from rural areas about how to use a Wallet. Purchase a plane ticket and go to places like Cacaopera, Sesori, Chirilagua, San Alejo, Conchagua, and teach people about 2FA and Wallets. + +Don't get me wrong, I am not against Cryptocurrencies. I have in my portfolio BTC, SOL, DODGE, ADA, ETH, and even DOT. I tried teaching people about Wallets, its uses and how easy is to send money across the country or the world. It is not an easy task, and it requires at least two years of educating people. + +Finally, I was banned from /r/BTC for saying that people here in El Salvador will be forced to use BITCOIN. This morning, the government announced through a its legal advisor that we are obligated to accept payments in Bitcoins: + +https://imgur.com/gallery/84TrO9p + +Edit 1: I was banned from the /r/Bitcoin I apologize for the confusion + +Update 1: Chivo Wallet is down. The Chivo Wallet app is not available in the App Store. It isnt in the Play Store either. Some people could download the app, but it crashed. President Bukele is asking patience. Also, the Chivo ATMs cannot be used. I drove to La Gran Via and currently is unavailable. By the way if you were planning a trip to El Salvador and withdraw some cash, you must transfer your Bitcoins to the Chivo Wallet first. +How’s it going guys! posted the other day introducing myself. Stoked with the replies/responses I’ve got, this place seems like a fantastic community! Glad to be here, + +Just thought I’d ask though, how often do wonderful companies go on sale? I’ve read Phil town’s stuff and have now picked up Peter Lynch’s One up On Wall Street (only 20 pages in) and was thinking Is it a case where we have to wait every 10 years for a big crash or do we/you find wonderful companies ‘on sale’ as often as every few months/weeks? + +Thanks guys, finding this stuff extremely fun. New passion. +We were stuck in a limbo for months of zero volume and 3 monthly cycles of price boost. Now since we double topped $250 they have managed to crash it to $130 on no news and positive earnings. + +My question is how? More naked shorts? Any ideas or theories? + + +# 🍑 PORNROCKET 🍑 + +**Pornrocket is a newly launched, community-driven, hyper-deflationary BSC Smart Chain project that is changing the game for adult content creators.** + +Grounded in a legitimate business model, the development team of 20 industry professionals is creating a web application that will charge ZERO FEES to content creators. While similar platforms charge between 20-40% in fees, PornRocket content creators will keep all of what they earn! PornRocket has signed some of the biggest names in the adult entertainment industry, and both professional and amateur models are signing on daily. + +PornRocket will be the native currency to the content sharing platform and will offer anonymity for creators and fans through decentralized transactions. The PornRocket team is also developing an NFT marketplace, the PornPad, where content creators can auction off their digital collectibles. Fans will be rewarded for their interaction with the platform, with free content and VIP treatment, and PR investors will earn passive income on their tokens due to the hyper deflationary tokenomics. + +This project is set apart from competing for adult-focused coins because they are not a tipping coin- they don't rely on partnerships with other platforms. Their platform's fee-free system is completely unique, and their tokenomics reward holders and promote long-term adoption and stability. + +# 🍑Recent Highlights 🍑 + +🍑Listed on hotbit.io and LBank, Bitmart listing pending + +🍑Featured in 19 media publications including Xbiz + +🍑Listed on CoinGecko + +🍑Trending on CoinMarketCap + +🍑Techrate Audit completed, Certik audit in progress + +🍑Partnered with top adult models including Nicole Aniston, Abella Danger, Violet Myers, Briana Banderas, Tahlia Paris, Miss Kayla, Annabelle Rogers, Tru Kait, Lissa Aires, and others + +🍑Acquired intimate.io + +🍑Conducted live testing of app prototype + + +# 🍑 What are the tokenomics? 🍑 + +&#x200B; + +PornRocket is a hyper deflationary token that provides generous yields to holders. + +50% Initial Burn + +Immediately after launch, we completed an initial burn of 500 Trillion $PORNROCKET tokens, 50% of the total supply. + +5% - Redistribution + +5% of every transaction (Buy/Sell/Transfer) is split fairly between all the holders, respective of the weight they hold, allowing everyone to earn passively. + +5% - Auto Liquidity + +5% of every transaction (Buy/Sell/Transfer) is automatically directed to the PancakeSwap liquidity pool, locked for 2 years. + +# 🍑Links🍑 + +🍑Website: pornrocket.co + +🍑Telegram: prnrocketbackup + +🍑Twitter: pornrocket\_ + +🍑CoinMarketCap: https://coinmarketcap.com/currencies/pornrocket/ + +🍑Liquidity lock: https://dxsale.app/app/pages/dxlockview?id=0&add=0x86c6bb32c8a95bd040e2da7489b544d168c895a5&type=lplock&chain=BSC + +🍑Audit: https://github.com/TechRate/Smart-Contract-Audits/blob/main/PORNROCKET%20Full%20Smart%20Contract%20Security%20Audit.pdf + +🍑Contract: 0xcf9f991b14620f5ad144eec11f9bc7bf08987622 + +🍑Ownership Renounced: https://bscscan.com/readContract?m=normal&a=0xcf9f991b14620f5ad144eec11f9bc7bf08987622&v=0xcf9f991b14620f5ad144eec11f9bc7bf08987622#readCollapse11 +The most frustrating part of getting into any of the 5 main ARK Etf's was sitting every week waiting for a 5% pullback when it keeps going up 8% the previous few days. After this kept happening i finally decided to just pull the trigger last week and am now in Arkk, Arkf, and Arkg and am very happy about it. While i dont expect YOY gains of 100% Like last year i think over 20% will be no problem. + +Now could you every night get their news letter on what they invested in and do it the next morning instead of paying the 0.75 fee, sure but your a day late on the market and that could be half the fee and the time etc is the other half so i think especially on what all have returned in the last few years the fee is fair. +Been looking at Boston and Denver but considering other places as well. Boston is a lil too expensive, both I heard aren't the best for asian minorities. Oddly enough considering montreal (not in usa but heard its great) +The goal is to get to FI as quickly as possible without sacrificing too much in regards to quality of life. +Looking for places that are cheap, but not boring for someone live in for someone in their 20s and single. Salary would remain the same regardless of location. +Making 77k a year pre tax. + +My ideal city: + +Legal weed + +Growing Tech field + +Lots to do, events, city life + +Preferably less driving needed or none at all due to public transportation or ease of walking + +Affordable col doesnt have to be lowest but shouldnt be high. Or at least low property tax and or income tax + +accessibility to unique nature elements such as mountains or beaches are optional but nice + +Would like to hear your thoughts! +How do you cope with disclosing (not disclosing) your finances to others? I don't feel comfortable talking about how much money I earn or have. Not with the random strangers, but with the closest people. My SO of 5 years doesn't know my true net worth. + +I mean, I don't have to tell anyone, but I'm afraid if at some point in time I say "Honey, I have a **XXXk** of euros, let's buy a home" how should she react that all of a sudden I'm considerably wealthy and I haven't told her before? I feel like she'll feel betrayed that I haven't told her before - it's not like I got it overnight. My online business is doing well in the past few years. + +I would disclose this to a max of 3 people that I have a closest personal relationship with (family member, SO, and best friend) but I'm still resentful to that idea. Currently, I feel like I'm lying to them when finance topic came to discussion even though no one asked specifically about how much I earn or have. At some point they will probably figure out after I make some big purchase (i.e. property), so is it better to delay it even more or be straightforward? + +*Random bad idea: One thing that could mask big purchase is to use loan, so I wouldn't have to disclose anything to anyone - ever. Hooraay!* + +The main reason that no one knows about it is that I don't want people to look at me differently and willingly or unwillingly influence my financial decisions. + +Does anyone have experience in situations like this? Am I overthinking this and creating potential problems only in my head? +I am probably going to start planning a property with a family member to help him get into a new career, or at least some cash flow of his own. I know the risks about that, and that isnt what I am worried about. Im mostly going in to help the person. + +But how would you divvy up the income for either a flip or rental? Im mostly going to be fronting the money and finding a good potential property while he will be doing the labor for the remodeling. Ive never done a partnership with a property before so Im just trying to figure out some of the snags like this. + +Edit: Thank you all for the help! I appreciate hearing the input. +I started this journey because I wanted to have wealth, just so I can gain custody of my son. But that dream was struck down day after day. I stayed committed for years, gaining all types of knowledge, the sleepless nights, and the severe depression that came along with it. Also endured being broke(even a homeless man was making more money than me.) + +I kept my faith, but in the end other traders were making more money than me because of meme stocks. I stayed patient as long as I could. But today I started searching for jobs, and I’m calling it quits. I’m going to pull out what little money I have left and buy myself some dress shirts and pants to help me slightly a bit more in the jobs field. +Years ago, as I was first starting on my journey to financial stability, I had a problem with impulsive buying. Not expensive things, but they would add up. So I came up with a rule for myself: I need to **want it** for more than three months before I would buy it. + +This worked well, and I have since changed my behavior so much that I don't even need to follow the rule anymore. I can instantly sense when it's an impulsive buy, and when it's something I really believe would improve my life satisfaction. + +So, after reading this sub for a while now, I'm curious if you have some similar rules of thumb for yourself. Not necessarily for impulsive buys, but perhaps for other venues of personal finance management. Something we could all learn from? +If so, please share. + +--- + +EDIT: wow, so many different responses, I can't keep track anymore. thank you for all your feedback. So far I've gotten a lot of good comments. + +In a nutshell, these are the best ideas I could find in the feed: + +- for every 100 dollars spent do that amount of hours to do the research (100 dollars = 1 hour) + +- walk around the store with the item before you buy it, called "walking the item" - this was the funniest one + +- use wishlists to defer decision to a later time + +- spending in terms of days of retirement (would i rather buy $100 item or retire two days early?) + +- thinking in terms of hours worked (I need to work for x amount of hours to buy this. is it worth it?) + +- a variation on the above one, where you first deduct your living expenses, what remains you calculate into hourly wage that you *really* have at your disposal and only then consider how many hours you need to work for it + +- buying only after running x number of miles (works both for impulse buys and getting yourself in shape) + +- the old 'if you can't afford two of those, you can't afford one' was very common and very popular ([a variation on this with a 3x approach](https://www.reddit.com/r/personalfinance/comments/6ktr6u/the_three_month_rule/djq4357/)) + +- a lot of jokes how you can't do this with food (teasing me about the three month thing) + +- and other that said they do that for food as well (obviously not in terms of not eating, but rather in terms of eating certain junk foods they like) + +- buy memories, not things + +- practicing artificial scarcity. This one is a bit trickier to explain so [I'll let the original comment speak for itself](https://www.reddit.com/r/personalfinance/comments/6ktr6u/the_three_month_rule/djpaw4u/) + +- think about the dollar per use ratio. So if it's something you won't use often, how expensive is it? Is it worth it? + +- take a picture of the item you want while shopping. at home look at the pictures and do the research. usually you realize you didn't really want it by then + +I hoped I would get more that weren't for impulse buys, like I stated above... Other personal finance life hacks, but I'm sure these rules of thumb can be used by others. + +Also, my mailbox is full, sorry I can't respond to all of you. I really tried :) + +--- + +EDIT2: I've never had a reddit post reach 6k. I'm strangely proud haha. I don't need much :) +I (26F) work in property, and I’m currently on a base salary of around $42,000 plus super, bonuses & commission. Last financial year I earned around $10,000 in bonuses and commission. + +I absolutely love my job. I work from home, I get along really well with my boss, my days and hours can be flexible, I get to see some spectacular properties (I just love houses), I go for walks during the work day and have a pretty cruisey lifestyle. + +Most of my friends earn at least $20,000 more than me per year and sometimes I really take it to heart. I struggle with mental health issues so working from home has been a literal lifesaver at times, but sometimes I get really disheartened about the money side of things. I feel like I’m so far behind and I need to catch up. + +I would like to know if anyone has gone from a high paying job they didn’t enjoy, to a lower paying job that they loved? + +I’m trying to remind myself that the grass is not necessarily greener with a higher salary. + +Edit: I know I can get another job with my skills and experience with a base salary of $65,000 - but it would mean really disappointing my boss, working 9-5 in an office and losing a lot of my work/life balance. + +Edit II: Thank you for all your responses, some were very helpful and kind, some not so much. I will be seeing out the financial year where I am and will be asking for a raise in my base salary. At EOFY time I will reassess what is important to me. Right now with my mental health battles, making a big job change for only $20,000 is unrealistic. +Just go get this out of the way, yes you can get exposure to all sectors and geographies through VEQT / XEQT. This is one of the best ways to invest without timing markets. No argument here. + +However, if you're tilting your portfolio, are you considering clean as a tilt? If so, I'd be curious to know your thoughts on this. +After multiple questions on this subreddit, hours and hours of YouTube videos, talking with people much more experienced than I, reading articles and posts on here from others, I closed on my first home purchase, 3 unit property, yesterday. It’s a ton of information. Not really sure what I’m doing but I’ll figure it out. 22 years young, can’t wait to see where I end up. +For those not familiar, there are lots of land available in Western US (CA, AZ, CO, NV) for dirt cheap prices. Prices are generally under $1000/acre. The land is usually un-useable, meaning: no water, no power, no sewer, restrictive zoning laws, and hours from civilization. + +I’m not questioning why the land is cheap, I understand that these are generally garbage unusable bits of land. + +What I don’t understand is the cottage industry that seemingly revolves around buying and selling this land. There are hundreds of these small private land companies generally owned and run by one person. They may own 5-20 of these land properties, and have them listed for sale with the option financing via the seller with very generous terms. The entire transaction is done online and they generally take credit card.\` + +Who is buying this land from them? I have seen parcels bounce between multiple re-sellers, which implies they sometimes sell to each other? How is there possibly enough sale volume to sustain hundreds of these little land business year over year? + +I just don’t understand from a business perspective. Presumable they must be making a decent return, otherwise why would they continue to exist and turnover property? + +Is there some kind of other purpose for these businesses that I am not seeing? Maybe tax advantages? + +Here is an example of one, seems sketchy/scammy to me[https://www.wglands.com/property/?sort=&loc=&beds=&baths=&terms=&status=available](https://www.wglands.com/property/?sort=&loc=&beds=&baths=&terms=&status=available) +I've been investing for 7 months and my portfolio is approximately -4% in that time. I started by wanting to be a dividend investor, so overpaid for companies like Verizon, AbbVie, Amgen etc. + +Since I've gained more knowledge, I have invested in value stocks like Alibaba, Intel and Hewlett Packard (Which I am happy with in the long run). + +However, because most of my value stocks are based in the USA, I hear that I am now "overexposed" to their market, making me undiversified and at risk of experiencing exchange rate issues. + +I combat this by investing into a Global VWRL ETF (this increases my exposure to other geographies and is a relatively safe, slow-growing, highly diversified ETF). + +Then I hear that ETFs are in a bubble, and fear that investing into global markets at all-time highs is a risky strategy (even though I'm told not to bother timing the markets). I could invest in sector-specific ETFs, but is this not merely a gamble based on conjecture? + +I'm beginning to feel quite overwhelmed. I've done a lot of research, but feel like its so hard to develop my own strategy when I read into things more and more. + +Does anyone have any advice? Thank you. +Used cars (private) back to pre-covid listing volumes, won't be long before we start seeing prices come back to earth. Folk are starting to feel the pinch from rate rises +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) +InsideEVs : Tesla And EPA Are Wrong When It Comes To Range, Says Ben Sullins. +https://insideevs.com/news/492196/tesla-epa-wrong-range-ben-sullins/amp/ + +Tesla is not going to have the same market share they once had by 2025. That's not that far off, between quality issues and batteries - they are shifting and pivoting huge. + +Batteries... Cobalt lithium batteries are OUT. + + +https://www.manganesexenergycorp.com/manganese-x-energy-advances-r-d-with-kemetco/ + + +About the MANGANESE X Battery Hill Project + +Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2)( OTC : MNXXF) with its head office in Montreal QC, owns 100% of the Battery Hill property project (1,228 hectares) located in New Brunswick Canada. Battery Hill is strategically situated 12 kilometers from the US (Maine) border, near existing infrastructures (power, railway and road).  + +It encompasses all or part of five manganese-iron zones, including Iron Ore Hill, Moody Hill, Sharpe Farm, Maple Hill and Wakefield. In his master’s thesis on the Woodstock area manganese occurrences, Brian Way (2012) reports that the area “hosts a series of banded iron formations that collectively constitute one of the largest manganese resources in North America, approximately 194,000,000 tonnes.” + +Jeff Dahn is researching for TESLA (research was just extended another five years) the million mile battery, and is brothers with insider at MN, Roger Dahn. + +The Hill is right at the US border. + +Roger applauded the move of Biden to secure North American tech mineral supply. + +Buy the rumour my friends, and this is a deep discount +Hello all, + +Just a bit of an inspiration post really. I thought it would be cool to hear some dividend investing success stories from whoever is kind enough to share their journey. + +Starting off on a dividend journey can seem quite daunting to some knowing how committed you have to be and resilient, are any of you near your financial goal of living off your dividend income completely? Could you share maybe what attracted you to dividend investing and what you have done to get where you are today? + +Hope to hear from some of you! +Thanks for your time +recently i was talking to my mom about her job as a biologist at eli lilly, which is one of the biggest employers here in the midwest. we got to the topic of eli lilly's employee pension and retirement fund policy, where employees with at least 10 years of work experience are entitled to pension benefits by age 55. she laughed and mentioned that most employees will never see that pension, as it is common practice at eli lilly to lay off workers just before they reach the pension age to avoid paying them that pension. even if the employee wasn't unproductive, they on average would be at considerable risk of being laid off solely for lilly to avoid accruing an extra expense of paying their workers pensions and increasing their wages for working for them for so long. + +that got me thinking. pareto efficiency is when we cannot make one better off without making someone else worse off. and oftentimes we hear that private enterprise and corporations are more efficient and keep costs lower than public. yet it seems as if eli lilly is keeping its costs low and making itself better off with larger profits while making its workers a lot worse off in this case by laying off otherwise productive workers to avoid paying them their benefits. sure, costs are lower, but who is that exactly helping? the large, wealthy shareholders, or the workers and masses? + +i still remember that back in the 2012 election the huge talking point was the economy. the obama campaign really was able to dictate the conversation here by arguing that it was people like mitt romney that hurt the economy the most, such as how romney and bain capital fucked over toys r us. what value do these large shareholders for companies like eli lilly provide? what value do these private equity folks like vanguard that owns a significant share in lilly provide to these firms? other than fucking over workers, cutting wages, and laying off perfectly competent workers just to avoid paying them their due pay raises and pension benefits that should come with experience? + +so often we hear that private is more efficient, that private keeps cost lower. but hearing shit like this kinda makes me think that this efficiency, if it even exists, comes at the expense of workers. doesn't seem like pareto improvement to me. theoretically worker compensation should increase with experience. but it seems like companies like eli lilly are deliberately cutting off these benefits from experience while still reaping the labor. and funnily enough, eli lilly is already rated as a very employee-friendly company. i can only imagine the extra bs that my mom's fellow biologists at novartis and p&g as well as workers in other industries go through. + +so ig my questios are: + +1. does privatization really increase efficiency and lower costs? i've seen a couple studies online that say for utilities, mail, and healthcare it does not +2. are the capitalist gains in production and growth coming at the expense of cutting worker's benefits that should come with experience and productivity gains? +3. is private production more expensive due to the profit margins that add onto the prices of privately produced goods and services compared to publicly controlled industry? or is this offset by private corporations perhaps operating on an economy of scale? +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! + +Question is both objective and subjective. Real value and also feeling… + +I have a home bought at $450k with 20% down (90k). I’m 12 payments into it (around 1500 principal+interest), roughly half of each payment is interest. + +Interest rate is 2.5%. + +Home has increased in value $140k in that year. (Not that it matters) + +I can pay the house off and have $$$ left in the bank. Easily. + +Would you… + +A) continue to pay off house and put $$$ into an index fund (even though the market is losing money right now, my Morgan Stanley account has lost 20% since Jan) + +B) pay off house and have monthly payment in pocket, making it easier to retire? + +Edit: I must admit that I get nervous about using a property I already own to leverage additional assets (getting an equity loan on the house). I hate putting all my eggs in one basket. +This is a successor to [Flair Application Thread V](https://www.reddit.com/r/AskEconomics/comments/j5gktd/flair_application_thread_v/) and ["Why am I not seeing any answers?"](https://www.reddit.com/r/AskEconomics/comments/hsoxtu/why_am_i_not_seeing_any_answers/) + +By subreddit policy, comments are filtered and sent to the modqueue. However, we have a whitelist of commenters whose comments are automatically approved, and we take applications. + +If you would like to be whitelisted, please submit 3-5 comments of yours which indicate at least an undergrad-level understanding of economics. They do not have to be from r/AskEconomics. Additional commenters will be added to the whitelist at the moderators' discretion. +One of the reasons the minimum wage doesn't cause increases in unemployment is that the perfect competition assumption doesn't apply to labor markets. According to [this video](https://www.youtube.com/watch?v=ECizdFHhKkU&ab_channel=PetarEconomics), who explains this 3 minutes in, since MW increases don't cause increases in unemployment but do increase the cost of business, it implies businesses are earning profits they don't deserve due to insufficient competition. Since they earn these excessive profits, why don't more firms enter the market and compete for labor to force companies to lower prices or raise wages like a normal market? What exactly does it mean to earn profits you don't deserve? +I'm looking at buying a house in the area I'm currently renting. I inquired about a property yesterday and got a response back along these lines. + +"Sure, you can have a look but I must warn you, there has been a lot of interest and the owner will accept the best offer made by 5pm tomorrow." + +I just replied saying I wasn't free to look at it before then, but I'd be happy to look if it's still on the market later on. + +I mean, he could be telling the truth, but I've had a close eye on the market and this place has been on the market a few months and has already dropped the asking price by 30k, so I think not. + +Just wondering how you'd respond to this, and also, what are the other real estate agent tricks you've come across? I need to have my wits about my if I'm gonna start properly looking. + +UPDATE: I've just noticed that it's going to be open for inspection again this Saturday, so that pretty much confirms his story was BS. +January Ape here... + +This may or may not be the beginning of something significant... + +If it is great, if not, I will continue to hold, and buy more when I can... + +Expect high amounts of fuckery! + +When the price begins to rocket, so does the fuckery. + +Keep calm. Stay strong. Ignore the FUD. Trust your instincts. + +Anything less than $2,000,000 is child’s play anyways. + +Remember every time the price spikes. The attention comes. Be prepared. + +Remember what it was like to hold on those red days, weeks, and months! + +To Valhalla ❤️ + +🙌🏻💎🙌🏻💎🚀🚀🚀 +I was looking through some old pictures on my phone, and I’ll screenshot a lot of things I see online (whether to share it or for future reference) and I came across an image of a post either posted in the initial GME sub we went to or the original Bets sub that this all came from that said back in February 2021: + +if this really was over, why would they be trying to convince you so hard? + +Now I know the media doesn’t always lie about everything all the time; that’s the tricky part for some things, that truth is sprinkled in to deceive and cause uncertainty. +I’m not going to be discussing anything else about the media here, just GME. + +But now we can see that not only are they still trying to convince everyone that GameStop is dead, but they’ve spent an entire year shitting on GameStop and telling you to sell. + +The media and the government absolutely do not give a single fuck if you make money or lose money off of investing and trading. Just look at Creep Toes, other stocks, etc. people lose money every single day but you don’t see hit pieces and news media FUD about the Coin of the D0ge. + +Start asking yourself why. +A lot of us did about a year ago. + +Why are they so concerned for us to dump this investment? +Why do you hear about GME so much in the news? + +If it really was that bad of an investment like the media says, the company would be going under, struggling, and the stock price would tank lower and lower, not to mention negative retail investor sentiment (which is so far in the opposite direction of how I really feel about my favorite stock). + +Just something to think about. +I currently live in a HCOL city/state and was contemplating a move south to a lower cost of living city. While my job is 100% remote, my companies headquarters are also based out of the same HCOL city I currently live. Apparently, regardless of where you work from, you still need to pay income tax from the state your company is based out of? + +While I understand the employers point of view, that the overall cost of living may be less, is this really fair because regardless of where I move, I’ll still need to pay the high state income tax from which my employer is based out of—even if the state I move to has 0% income tax? Do I have any power here? + +Edit: To add a bit more color, I currently live in MA and contemplating a move to one of the following: North/south Carolina, Texas, Tennessee or Florida. +To my (limited) knowledge derivatives is simply speculation on what price level a given commodity will reach. Does society benefit from this in anyway? If not why do you allow it? To me it seems like an awful waste of capital. If the resources were invested in stocks they would undoubtedly do good for the society as a whole. Not to mention the amount of brainpower from some very smart people, that could otherwise be allocated to more productive activities. +To me derivatives seems as rent seeking without any productive purpose. Am I missing something? +\*12:59PM EST 5/18\* Created a new post with ETFs, Insiders, and all filings. Note, I noticed a large discrepancy between Fidelity's holdings and their ETF reportings. The ETF holding links are on the NPORT sheet. I'll link the post here: [https://www.reddit.com/r/Superstonk/comments/nfdqo5/13fhr\_51821\_update\_with\_extras/](https://www.reddit.com/r/Superstonk/comments/nfdqo5/13fhr_51821_update_with_extras/) + +&#x200B; + +But will put final numbers in here for those who are checking this: + +# Total Shares Owned by institutions, insiders, and in ETFs + +# 53,105,399 + +&#x200B; + +# Free Float with 3.5m ATM offering: + +# 21,164,601 + +&#x200B; + +# Average number of shares needed by Superstonk users alone to OWN the float: + +# 71.75 shares per member as of writing. 😂😂😂😂😂 + +&#x200B; + +https://preview.redd.it/fw44w9x9uwz61.png?width=1163&format=png&auto=webp&s=5b9d2bfe2a4659992aaf4b68ef168bf09123e846 + +Thank you for the awards and apologies if the data seems confusing. Just trying to do my part. ❤ + +&#x200B; + +I've got all the others listed and grouped, but will be updating the sheet in real time as they come in today. If you wanna check it out (incognito mode preferably for YOUR anonymity). You can find that here with links to every report filed so far on GME: + +[https://docs.google.com/spreadsheets/d/e/2PACX-1vR\_9WceecfHCGVtZWLYXi7VQOMH2bP9O6h01B0cKPcR8gujpRTFMrYQjLm2SYxFxzHJcrZHSpOAuCFm/pubhtml](https://docs.google.com/spreadsheets/d/e/2PACX-1vR_9WceecfHCGVtZWLYXi7VQOMH2bP9O6h01B0cKPcR8gujpRTFMrYQjLm2SYxFxzHJcrZHSpOAuCFm/pubhtml) + +\*edit\* took out the google docs link and posted the public link instead. If you want the link for the google docs sheet, just message. + +https://preview.redd.it/dvv5q081moz61.png?width=1195&format=png&auto=webp&s=4fc2752da26f1ea74edc07ce5d7dd8448ef52eee + +&#x200B; + +Still waiting on if someone can give me more info on NPORT-P/EX reports. I've found a bunch of them and shows short positions, calls/puts written, calls/puts purchased, how much is lent and to whom, etc. Downvoted instantly both times I've asked about them so I'll ask a 3rd time on this since it'll prolly get seen. + +&#x200B; + +https://preview.redd.it/abt8tvaemoz61.png?width=1214&format=png&auto=webp&s=5e1826a102bf3ec5ee4ab00937447a617f5ab64a + +If you wanna look yourself, they can all be found here: + +[https://www.sec.gov/edgar/search/#/q=gamestop&dateRange=custom&category=custom&startdt=2021-04-01&enddt=2021-05-17&forms=NPORT-EX%252CNPORT-NP%252CNPORT-P](https://www.sec.gov/edgar/search/#/q=gamestop&dateRange=custom&category=custom&startdt=2021-04-01&enddt=2021-05-17&forms=NPORT-EX%252CNPORT-NP%252CNPORT-P) + +&#x200B; + +I haven't entered all of the ones that have been submitted so far, but will have them updated shortly. Thanks and Love Ya Apes! + +&#x200B; + +Tick Tock Kenny boy.. I wanna see you guys' filings, and see if we have a check mate. 😁🚀🚀🚀🚀 +Today and many days over the last two months have been tough pills for many investors. If you are new and feel as if your portfolio is tanking. Remember, it all balances out. Stay the course, add to your positions that you are convinced will grow and don’t look back. This market aint for the faint of heart. Good days are ahead, I promise...keep your heads down, drown out the noise and keep adding to your portfolios! +NSE: HDFCMFGETF + +I have lost almost all my money, which was over 1 lakh. + +Please can anyone tell me why has this happened and can I do something about it? + +[HDFC Gold ETF Share Price](https://www.google.com/search?q=NSE%3A+HDFCMFGETF&client=ms-android-samsung-gj-rev1&sourceid=chrome-mobile&ie=UTF-8) + +Edit: Thanks everyone for the replies. I know I should've directly gone to nse or bse website and found the stock split there. ETF on my icicidirect portfolio was 99% down and I thought I could get quick answers here. +Hey guys it's me again u/aint_lion. If any of you recall my previous [post](https://www.reddit.com/r/Superstonk/comments/xx7mk5/worried_about_your_gme_investment_heres_why_you/?utm_source=share&utm_medium=web2x&context=3) about who I am and my understanding of video game business and the future of GameStop, then you'll know I'm pretty all in and have brought many others into this shit show along the way. So far: + +Friend 1: 1,500 shares + +Friend 2: 160 shares + +Friend 3: 120 shares + +Friend 4: $5,000 worth + +Friend 5: $3,000 worth + +Brother 1: $2,000 worth. + +Brother 2: 50 shares. + +All are Direct Registered. + +Friend 1, who is my best friend growing up, has a dad who owns a massive steel manufacturing plant in Colorado. He was almost like a father figure for me growing up. Incredibly successful. Incredibly wealthy. He makes millions of dollars per year. He has agreed to provide with a $50,000 loan at 5% interest for 3 months so that I can buy more GameStop. I have also decided to close down my storefronts at the end of the year and liquidate all inventory. I will have no more overhead and will be able to put tens of thousands towards GME every month starting in January. + +I am meeting with my friends dad on Friday to get the 50k and to talk about him investing in GameStop through Computershare. He wanted me to put together a slide show presentation to show him why GME is such a great investment right now. I happily obliged. + +We've discussed GameStop for a total of \~2 hours already. So he gets the general situation. Now I need to provide him with data, facts, research as to why he should throw a metric shit ton of money at direct registered shares of GME (and at this price point, what a deal!!). + +I thought I'd start with what happened in January 2021. Short interest reported at 140%. SEC report showing volume data, Citadel and Point Sus bailing out Melvin. Discuss swaps. Show the current DRS numbers and the rate of direct registration. Point to the shifts GameStop has made to their business model with the new executive team, clearing debt, cash on hand, warehouses, e-commerce pivot, crypto wallet system, NFT marketplace, Web 3 gaming integration with Immutable, etc. + +Please comment links to information, posts, etc that would be helpful in creating my presentation. Recommendations are appreciated. +Throwaway. + +I'm a young (24) CTO co-founder at a data startup that took off this year in the medical records niche, automating integration with large EMRs for a certain medical specialty. We just started last year after graduating college. Incredibly, we have an offer to sell from one of those EMRs at a pretty high valuation - after payouts to angels, lawyers, and employees, me and the three other founders would net $3.5M each. We see the business growing quickly for a year or two before plateauing due to the relatively small market niche and relatively small economic moat - we got up and running very quickly because of how empty the space is. However we are wondering whether or not to sell, because the medium predicted sale price in a few years could net us $5-$8M per person (the four of us control 60% of the equity and we only have a few angel investors). My friends/co-founders want to stay the course and push for more success, while I want to sell. FIRE, and do some stuff I've always wanted to do. + +I've been following MMM and FIRE for a while, but I've always thought I would normalFIRE at 35 or so with a high savings rate and perhaps $50-60k/yr. This would give me the opportunity to conservatively fatFIRE at $150k/yr, and at such a young age that I could explore projects/build things during the years I'd normally be working my ass off and frugal-ing. I'm also a bit burned out on 14-hr days and would love to relax, buy a normal house, read, do a master's degree, get a better mountain bike, travel a bit, etc. + +Have any of you had to make a choice like this? How did you approach it? How did you try to convince or succeed in convincing others that a parachute like this isn't something to just give up on? Are there other options I'm not considering? +**TL;DR** : The way the stock market MSM is talking about AMC but specifically avoiding to talk about GME is, for me, one of the biggest confirmation bias. Because when the stock market MSM guys avoid talking about a stock is exactly when you should look into said stock. They're not there to help you with your investments, they exist to push the stocks that their daddies want them to push. This is part of their strategy for a « controlled demolition » regarding the MOASS. + +Have you noticed how MSM suddenly have no problem mentioning AMC or « meme stocks » but they never ever mention GME? There’s clearly an unspoken rule at the moment within MSM that says « Do not, in any case, mention GME. As far as you're concerned, it doesn't fucking exist. ». + +Why? + +Because they want us to forget about GME. + +Because they are trying to make people jump ship from GME to AMC by pushing it down our throats every day so that we end up believing that AMC was the true play all along. + +Because GME is the elephant in the room of the whole economy, and there’s already enough retail interest to make the market implode, so they must avoid more people buying it at any cost to reduce the impact of the inevitable MOASS. + + +Have you seen the face that Charles Payne made in that interview with the two brothers that are making a documentary about apes? His expression totally changed the second one of the brothers mention GME and he seemed uncomfortable and distressed for the rest of the interview. The face he makes says it all. (I'm unable to find the post with the interview right now...) + +EDIT: [here is the clip](https://youtu.be/C73MBeMhfeE) thanks to u/ZoeMameth. Also, u/albanak, one of the Mulligan brothers, commented on this post himself saying he also thinks they are avoiding talking about GME and that’s why he mentioned it in the interview. It’s about 3 minutes into the video, notice how Charles nervously checks his glasses and completely changes his tone and demeanour for the rest of the interview. + + +There is only one true MOASS and it's GME. + +I believe the MOASS is inevitable, and that right now it’s all about stalling it as long as possible to find ways minimize it’s impact and back their asses up as much as they can, and one way they found for this is to push AMC over GME. You’re crazy if you think they’re going to let this happen without finding some way to make it profitable for them. Sure, Citadel and the others that shorted GME are fucked, but others are going to feast on this. + +That being said, I’m just a smooth brained ape and I don’t know shit, I just like the stock. + +All I know is that if they think they can distract us from GME they're fucking wrong. Today I sold all my remaining AMC shares for a nice profit (from 9$ to 62$, thanks for the push guys) and used it to buy more GME. My portfolio is now 100% GME and I'm not selling a single share until the price looks like a phone number or I'm literally dead. + +TO THE FUCKING MOON AND BE PREPARED TO HOLD THROUGH ANYTHING 🚀 🚀 🚀 🚀 🚀 🚀 +Hi there, + +A father-to-be is here. My wife is pregnant with a due data in early December. I am a bit freaked out and really excited but I have no idea what to do finanically. What should I plan for? What expenses to budget for? Any common mistakes to avoid? Any good subreddits to follow? +FOMO will destroy you. + +I see people asking for advice on these threads daily so here is my 2 cents. + +You will never control the markets, Ever!! + +but luckily for you, a profitable trader doesn’t need too. He/She just needs to make sure that the market never controls them. + +You’ll here this time and time again “Don’t chase trades” & “manage your risk” but until you truly understand the importance of these two things you’ll never consistently extract money from the market. + +One of the hardest things to do is sit on your hands when the market is presenting no opportunities to you. What’s even harder is to remain sat on those same hands when you’ve just missed a good entry point and a stock is moving without you. + +Getting in late doesn’t necessarily mean you’ll lose money, the market often rewards mistakes and this is part of the problem. your mistakes being rewarded give you a sense you are doing some thing right until BANG you get caught holding bags when a stock moves against you quickly in the opposite direction right before your eyes after you’ve just made a late entry. The few times you were rewarded for a late entry have now been taken back by the market....with interest! + +controlling your emotions coupled with managing your risk are by far the greatest tools you can add to your skill set when day trading . Technical analysis is great but it is a subjective matter, managing your emotions and risk are not. Master these and you are hopefully more than half way to becoming a profitable trader. + + +For newer traders ask yourself some or all of these questions before you trade + +Have I slept well ? +Have I Eaten & am I hydrated ? +Have I Exercised ? +Have I meditated ? +What are the current market conditions ? +Do I have a few stocks I am watching that fall within my current strategy ? +Is there a decent set up that falls within my strategy and including my risk to reward ratio. + +Lets take that Trade + +Hope this helps someone become a better a trader. + +Happy trading Guys & Girls + +Bull Flag Breakouts +I noticed that a segment of the ausfinance commenters would push the narrative that the fed outpacing our rate hikes would eventually plummet our dollar. + + +Of course this meant that we would begin to import inflation as a result? (Although conveniently the TWI is ignored since it was stable). + + +Anyone who made financial decisions on that sentiment would be pretty rough right now with a 10% movement since then. + +Edit: Maybe this post came off a bit glib? Hadn’t realised this sub would be so hostile to having a reflective moment and challenging the narrative that’s yet to materialise since early 2022. +January Ape here... + +This may or may not be the beginning of something significant... + +If it is great, if not, I will continue to hold, and buy more when I can... + +Expect high amounts of fuckery! + +When the price begins to rocket, so does the fuckery. + +Keep calm. Stay strong. Ignore the FUD. Trust your instincts. + +Anything less than $2,000,000 is child’s play anyways. + +Remember every time the price spikes. The attention comes. Be prepared. + +Remember what it was like to hold on those red days, weeks, and months! + +To Valhalla ❤️ + +🙌🏻💎🙌🏻💎🚀🚀🚀 +One thing I see over and over again on this sub is people thinking they need to buy a house because they are "wasting" money on rent. This is a fallacy and not the right way to think about rent. As human beings, there are several things we need to survive, including food and shelter. Paying money for rent is no more a "waste" of money than paying for food is. + +While it is true that when you buy a home a portion of your monthly mortgage payment will be going to principal, and therefore you *are* paying yourself in some ways, however, the cost of home ownership is significant. Some of the lesser known costs include the lack of flexibility, stress, the risk of home price declines, home maintenance, real estate taxes, and HOA fees. + +I recommend looking at the following calculator for a better idea of the true cost of home ownership. + +https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html?mcubz=0&_r=0 + +Also keep in mind that this does not account for opportunity cost of being able to move (i.e. you find a job in another state that you can't take because you're underwater on your home or the burdensome costs to move [closing costs]). + +Edit: I think too many people in this thread are reading this post as saying that home ownership is bad. That is not at all the point. In many situations, owning a home is absolutely preferable financially to renting. The point is that a home is likely the most expensive thing you will ever buy; it is not a decision to be rushed into simply because you are "wasting" money on rent. It is *not* a waste of money to rent until you have the stability necessary in your life to make the decision to buy a home. There are even some markets or situations where it may never make sense to own a home, and that is okay. +I'm one of the $450 GME hodlers. I saw the DD and it looked solid, it IS solid. What I didn't account for was blatant market manipulation, of course, collusion, financial fraud, and lies. With an initial investment of just 4 shares, I saw the buy button disappear, and GME just tumbling down. + +*"HOOOOOOLD"* read the comments in the WallStreetButts sub. I bought at 250, price kept falling. I bought again at 200, and falling, and falling. 1 week later or so, I sat at work, looking at my phone's investment app: GME, 12 shares, -83%. I felt devastated, to be frank. I had spent so much money on this and it SHOULD have worked, but it just DIDN'T. *"That's what FOMO gets you"* said my friend in an Messenger group chat. I got people slidin' in my Reddit inbox telling me to sell, they're *"looking out for me"*. + +Sitting there at my work, I had what felt like a burning ball of lead in my stomach. I wanted out. I just wanted this to be over and eat my fucking pride. I made a mistake, and I clearly wasn't meant to be investing if this is the kind of shit I get myself into. I looked at the big fat -83% on my phone screen, and then a small flicker of **something** strafed my heart: ***I'm this far down, why should I sell now? What craziness if I hold, GME moons, and I then sell for an ungodly amount of money?*** + +*"If I sell these shares in the green, I have bragging rights, forever"* I replied my friend, he agreed. *"Thanks, but I'm comfortable with my investment"* I replied the strangers telling me to sell my GME shares. I then sat down and look into Ryan Cohen and DeepFuckingValue, and the DD I did on Ryan got me pumped. + +Then came one of the first hype days: The Congressional Hearing on GameStop, with Ken Griffin, Gabriel Plotkins, and Vlad Tenev. I opened up YouTube, entered the stream, and fixated on watching this as **neutrally as I possibly could**. They said they closed their shorts, that no collusion happened, that NOTHING happened that wasn't fully legal and it was all standard procedure, etc etc. *"Were they telling the truth?"* I asked myself. DFV was sitting in front of a poster with a cat saying "Hang In There", and I wanted very much to believe it actually meant something, that he knew something I didn't but couldn't say. I paced around my apartment, couldn't decide on what to think. The evening got late, so I slept on it. + +Next day, I log onto Reddit during trading hours: "HE FUCKING DOUBLED DOWN" read several post titles of some screenshot. DFV had just bought god knows how many thousands of shares at $38. My eyes lit up, I suddenly realized it all: YES they are fucking lying. OF COURSE they are lying and cheating. NOTHING about these fucks has changed since 2008. NOTHING. The rottenness of their souls is **sophistically without limits, just like losses on shorts**. I went onto my trading and placed an order for more than a hundred shares. **IF HE'S STILL IN, I'M STILL IN.** This was personal now. I was now playing the long game. + +One day in late February, riding my bike home from work, I hit a brick that was laying right in my path, and I was sent flying. Landed on my hands and broke my wrist. I was actually on my way to the doctor, and I managed to bike there despite my condition. Shocked to see my all muddy, we quickly got me an appointment at the nearby hospital. In the waiting room I went to the old GME sub. GME had dipped 10% and bounced into bumpy climb. *"This price action looks like a tied down gorilla that is getting out of control"* I replied to some post there, before my phone ran out of power. + +Later when I got back, the market had been closed for almost two hours and it was approaching midnight here. Feeling a bit defeated and sad from all the shit that had happened, my arm in a cast now, I turned on my phone, opened my investment app. I honestly thought I had hit my head too hard and was seeing things, I couldn't believe my eyes. GME was trading at $120 in after hours, and I ridiciously in the green now. **WHAT IN THE EVERLIVING ALMIGHTY FUCK HAD HAPPENED?** The volume, that day alone + after hours, traded a ludicrous amount of shares, all mostly concentrated in half an hours before market close and a bit into AH. The usual suspect reddit subs were lit up with gif posts of GME's resurrection. At this point, I knew this stock is special, shorts definitely never covered, and I won't sell before I got Wall Street CEOs begging on their knees to suck my dick for shares. + +I put my phone down. Despite all that happened to me that day, I went to sleep with a smile on face. + +Thank you for reading, there's much more I could write about, like the price tanking like 50% in minutes in March, but long story short: I'm still here, these many months afterwards. My hands are of the purest diamonds. I haven't sold a single share, and I hope you won't either. I am definitely going to the moon with this stock. I have never been so bullish on any other investment. I trust RC, I trust the GameStop board of directors, I trust all the talented people he has hired, their plan, their silence, and I trust you guys, because I know you see what I see. I see value, deep fucking value. + +Edit: Also, to this date, I have not seen ONE SINGLE PERSON come with a good explanation for what happened on that fateful Wednesday in February. None. A stock just trades million after million of shares within an hour and send the stock up 200%? **AND NO ONE KNOWS WHAT HAPPENED?** + +Edit 2: Lmayo. Shills are downvoting every single comment here. Stay mad, losers. +They are like a cornered animal and they have not a chance against us. + +IRA fuckery, XRT fuckery, MEME and TMFX creation and fuckery. They are so desperate, I'm getting goosebumps. + +In MSM we had the retarded attacks on the unanounced NFT marketplace and the usual bashing. + +DRS is the way. + +/Totally speculative: + +We will see an explosion after the OCC deposit date this week and the quarterly expiries next week. + +I would be absolutely not suprised if Gamestop just happens to announce something to fuel that fire. + +Burn, crooks, burn. (figuratively) + +\---- + +Edit: + +Interesting comment by u/Leenixus, who is much more knowledgable than me: + +>I think the explosion will be seen next month, not this month. I've had the idea for a long time now (but not backed by literature) that options rolled on the last day of the OOC deposit date are not cleared on that same day of the OCC deposit, but are actually cleared & get to hit the market the next month. +> +>TLDR: I think this month's rolled options & option expiries will hit the market next month's OPEX. $4Bln worth cause these are mostly LEAPS from 2021 + +Link to comment: [https://www.reddit.com/r/Superstonk/comments/s95t9d/comment/htla9k5/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/s95t9d/comment/htla9k5/?utm_source=share&utm_medium=web2x&context=3) + +\---- + +Edit: Remember, apes have diamond hands and are not selling, 60% increase in shares at Avanza since last June: + +[https://www.reddit.com/r/Superstonk/comments/s6sz53/the\_ultimate\_antifud\_avanza\_shareholders/](https://www.reddit.com/r/Superstonk/comments/s6sz53/the_ultimate_antifud_avanza_shareholders/) +**TL;DR** I panicked, sold it all, went to US Treasuries, lost about $300k (compared to doing nothing). I'm still not fully back in the market. Don't be like me. + +We all know how it should work. Pick your asset allocation. Squirrel away. Rebalance. Do some roth conversions. Keep living costs low. Build a tent to mitigate sequence of returns risk. Sail off into the sunset. + +I could go into why I decided to sell everything and buy US Treasuries, but by this time in my journey, I should have known better. But I did on April 1, 2020. + +Fortunately I had a plan to get back in, but that plan did not indicate re-entry until August 1, 2020. But by then psychology was already working against my best interests, "I can't get back in now! Near the highs?" + +So I determined to reinvest in 5 chunks. I would set limit orders 2-4% off recent highs and if those didn't trigger by month end I would change them to market orders to ensure entry. Well August saw no such pullback. 7% higher. + +$#@! I put in August's 1/5 chunk and set orders for Sep, which all got filled yesterday in the sell off. So I am 40% back into my standard 80/20 portfolio. + +I made a spreadsheet with my positions on March 31, 2020. I compared that to the same portfolio on August 31, 2020. The portfolio I liquidated was worth $1.4M. That same portfolio would be worth$1.7M untouched on August 31. + +I missed out on $302,659.98 of capital gains. To say nothing of the dividends I missed out on nor the tax implications of what I did in March. + +Some perspective: + +* That money invested would pay for college tuition for my 2 children just about anywhere for 4 years when they turn 18. +* That loss will likely push off my retirement by 3-5 years +* Or if I keep the same target date, I will have to spend about $25k/year less in retirement. +* Or I could have just quit my job, bought a yacht, and sailed the world for the last 5 months and have been better off. + +I know we like to say that financial advisors are too expensive, not worth it, etc, but someone who had simply said "Don't be a muppet and stay the course" would have earned 19 years' worth of fees. + +This is the behavior gap: the difference between what an asset class earns and what an irrational/fearful investor earns investing in the same asset class. It is real. It is expensive. Good luck closing it. + +Stay safe out there. Learn from my stupidity; I hope I have. + [https://nypost.com/2020/08/22/serial-grifter-avoids-eviction-from-womans-nyc-home-suit/](https://nypost.com/2020/08/22/serial-grifter-avoids-eviction-from-womans-nyc-home-suit/) + +Past records indicate she is a serial squatter and has put many landlords into debts. It is very important to screen your tenant especially now since eviction moratorium will likely extend due to pandemic. +Hello world, this is the unpaid media news you were waiting for. + +Headline of the day: GME is up 31% on no official news in after hours, start asking yourself why. + +For more information, browse this sub. Ask yourself why a stock rises on no news and try to inform yourself about the stock market and the companies you are invested in. + +Have a good week and don’t forget to DRS. + +See you soon on the moon. 🦧❤️ +I am a 24 years old and I make about ~$75,000/year. I put 12% of my income on my 401k. I tend to spend about $50-100 per week on groceries and spend about $100 on eating out per week. I also pay for my car and motorcycle which sums to about $400 per month. Health insurance and vehicle insurance would be about $200 per month as well. My rent is $600 per month. + +For some reason, I can’t figure out where most of my money is going. I do buy random things (clothes or tools) here and there but it’s few and far between and usually under $100. + +I want to save more than what I currently have. Can anyone guide me in the right direction? +There is so much political fog to cut through on this topic, and it's difficult to distinguish political soapboxing from informed views on what got us to this point. Was it avoidable? Was it stimulus checks? I assume that it's a combination of a number of things, but I'd really like to get the thoughts from folks who study this sort of thing, and avoid the echo chambers that inevitably inform a lot of discourse around inflation. +Hi + +I am currently a telephone engineer for openreach and my basic salary is £28,343 or something near that. + +Currently just received an offer of a job for £46k a year, it is more demanding, earlier start, later finish etc but I am wanting to know if just moving for more Salary is the best thing to do. + +Current job +Salary -£28k, with overtime I usually finish the year between £33-36k (1.5x salary on overtime per hour) + +Start 8:00am company van to drive to and from work, finish 16:10pm. + +New job +Salary £46k +Start 7:30am, finish 5:30pm + +Would have to leave home but 6:45 each day to get there on time and would have use of a company vehicle. + +Both are physically demanding but the new job is definitely more than my current job. + +I know a 64% increase is good but is that +Good enough to warrant a move. + +Current job requires me to work 1 Saturday every 4 and is only ever 1.5x pay on a Saturday or sunday + +New job would be time and a half Saturday and double time Sunday. + +This is in England + +Sorry if it’s the wrong sub +The fact that you can grow tax free, take money out as you please, and keep adding £20k each year - unreal! I'm an American living in the UK (because of U.S. global taxation, ISAs are not tax free for me and therefore off limits), but I can tell you we have nothing NEARLY as generous, not even in the same solar system, as an ISA in the U.S. And don't get me started on all the different kinds of ISAs. A Junior ISA so that your kids can have tax free wealth growth for the rest of their lives from the day they were born. Again, amazing! Of course it's one of those tools that mainly benefits the wealthy who can afford to max £20k a year in their ISA and £9k a year in their kid's ISA. But if you have the financial means and aren't using it, you're missing out big big time. Anyone else agree? + +Late edit: There is no rule saying that ISAs can only be funded by people with wages or 'earned income'. It can be funded by gifts, dividends from LLCs, lottery winnings, money from selling your main home, or other capital gains, etc.. So comments saying that income tax has already been levied up front are not totally correct. +Source: https://hindenburgresearch.com/nikola/ + +"Today, we reveal why we believe Nikola is an intricate fraud built on dozens of lies over the course of its Founder and Executive Chairman Trevor Milton’s career. + + +We have gathered extensive evidence—including recorded phone calls, text messages, private emails and behind-the-scenes photographs—detailing dozens of false statements by Nikola Founder Trevor Milton. We have never seen this level of deception at a public company, especially of this size. + +Trevor has managed to parlay these false statements made over the course of a decade into a ~$20 billion public company. He has inked partnerships with some of the top auto companies in the world, all desperate to catch up to Tesla and to harness the EV wave. + + +We examine how Nikola got its early start and show how Trevor misled partners into signing agreements by falsely claiming to have extensive proprietary technology." +Why did so many people react to that post a couple days ago that was about building a cabin for 20 thousand dollar and selling it for 35 thousand? Was that inherently a bad idea? +I've developed a recession indicator based on the [Sahm Rule](https://www.reuters.com/article/us-usa-fed-sahm/sahm-rule-enters-fed-lexicon-as-fast-real-time-recession-flag-idUSKBN1WJ12J), with the crucial difference that her rule is a *lagging* indicator of recession, whereas mine is a *leading* indicator. As far as I can tell from Google, no one else is (publicly, at least) doing the same thing, so it's conceivable that the technique is novel. + +I'm not a professional economist (MBA/theoretical physicist/HPC admin), but I'd like to "publish" my results and code for others to peruse, critique, and use. Is there a good economics sub for posting material like that? /r/AskEcononomics may well be it, but I thought I'd ask in case there were better/more suitable ones. Thanks. + +EDIT: + +[Here](https://i.imgur.com/K80LE8k.png) is a graph of the predictor. Source code is [here](https://pastebin.com/2sFaTD3X). +I often read here that the 1 ETF portfolio strategy should be sufficient for the average person. And I like the simplicity of it. I'm actually using this strategy at Degiro. + +But thinking about the end goal - having a portfolio that generates income that can fund my lifestyle - do you all feel comfortable owning 1 ETF through 1 broker? Even if this means a 500k or 1000k EUR? + +For some reason it makes me feels uneasy, even though the ETF itself is well diversified. + +1. Does it make any sense to open accounts at multiple brokers to own the same ETFs? +2. Is it assumed that the portfolio would eventually be rebalanced (some more bonds?) at a later stage? +Sorry for the dumb question, but I'm unable to find any sort of explanation for the usual "out of thin air" answer that holds up to any scrutiny. The only type of bank I'm aware that can do this is Central Bank (by willing an account with some amount into existence) and they can do it infinite amount of times as they cannot go bankrupt (as opposed to commercial banks). So how do the commercial banks also create money out of thin air other than in the end that money being created by CB or increasing their capital through magic (ie rise in market price of shares in their ownership). +So, MA could have simply waited for the Biyani to completely default on everything and go bankrupt, to get the business at dirt cheap rate. But why he decided to spend 25,000 crores instead. Because of this, now even banks/financial institutes can also get their money back from Biyani, if the deal gets all the necessary approvals. + +So, again, when amazon, WIPRO and other players were simply waiting for Biyani to go bankrupt, why MA played like that and even agreed to buy minority stake in the subsequent FEL? All he had to do was to wait and watch. + +Any expert opinions are appreciated. +Elon has battled shorts for almost a decade. We all remember when he complained that shorting should be illegal, and when he released “short shorts” when he finally defeated them. + +But guess who used to brag about shorting Tesla? Gabe 🌈🐻 Plotkin. + +From [Bloomberg:](https://www.bloomberg.com./news/articles/2019-07-19/cohen-cub-gabriel-plotkin-sees-fund-surge-about-44-this-year) + +Plotkin described Melvin as “a very human-intensive place. We have a lot of analysts, we require a lot out of them.” The team has modeled more than 500 companies in “significant detail,” while a data science group reads into trends. +He added that the firm has an “intense focus” on the short side, with about 70% of profits in Melvin’s first year coming from bearish bets. Plotkin expressed skepticism about mall real estate investment trusts, as well as electric-car maker Tesla Inc. + +$GME to the 🌚, then profits back to a safe store of value: $TSLA. + +UPDATE: [better source](https://fintel.io/so/us/tsla/melvin-capital-management-lp) showing Melvin Capital’s puts on TSLA from 2016 through 2020 + +UPDATE 2: stop giving me silver awards your cheap bastards. Platinum or GTFU. + +UPDATE 3: [positions or ban. ](https://www.reddit.com/r/wallstreetbets/comments/l5s9ss/curious_why_papa_elon_is_shilling_gme_its_because/gkwauak/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3). You can check out my post history for all my plays to see how I over 10X my $500K from a year ago. + +Update 4: hi r/all, for those of you wondering what in the hell is going on with Gamestock, [this comment ](https://www.reddit.com/r/wallstreetbets/comments/l5s9ss/curious_why_papa_elon_is_shilling_gme_its_because/gkx1nd7/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) sums it up nicely. +millertime1216 has been, for several months, an active advocate for spreading info about DRS. He is one of the founders of DRSGME.org, but is perhaps best known for diligently commenting on almost every purple circle post that comes across this subreddit. + +Yesterday, he was permanently banned due to violating the no spam rule on r/Superstonk. + +[Link to relevant comment and messages.](https://imgur.com/a/SYS9Yi0) + +This post is not to argue for millertime's reinstatement, or to argue that the consistent comments on nearly every purple circle DRS post doesn’t constitute as spam. This post is for transparency, so that the SuperStonk userbase knows what happened and knows that recurrent support for DRS posts in this way may be viewed as spam by the moderation team. + +The passion for investor rights and direct registration displayed by millertime1216 was once uncommon, but now it's the default perspective for so many users who spend time here discussing our favorite company. + +Personally, I hope to see comments congratulating users on their purple circles continue despite this ban. + +I'll end with a quote from miller: + +"Can't Stop, Won’t Stop until the float's locked. Changing the world is what's at stake!" + +🍻Cheers!🍻 + +🟣👊DRS GME BOOK👊🟣 + +Edit: I have been receiving messages and seen some comments that lead me to believe some apes think I’m a MOD disclosing for transparency. I’m NOT a MOD, just a smooth brained ape bringing attention to what happened. Ook ook my simian friends. +I know it's a cliched topic and every other "analyst" has something to say about this but here's an [article from MC](https://www.moneycontrol.com/news/business/personal-finance/do-you-exit-equities-after-sharp-falls-or-rallies-you-may-have-lost-rs-45-lakh-7553151.html) which says the same. + +Finally, someone did the dirty work of calculating it for the Indian market. [Image](https://images.moneycontrol.com/static-mcnews/2021/10/Staying-power-decides-returns-R.jpg) + +I wonder what the numbers would look like if someone missed the *worst* days by staying out. Or a combination of both, let's say investing when the market *dips*. + +**What's your strategy?** To beat the market or be the market? (as they say, *if you can't beat them, join them*) + +And an excerpt from the article: + +>Should you never withdraw? +> +>Certainly not. There is a difference between staying invested over the long term and periodic rebalancing of your portfolio. If you are nearing your financial goal, it is good to take some money off the table. Rebalance your portfolio, using various other asset classes: debt, gold, and real estate funds. + +*Also, accumulating Rs. 10000 in 1980 was an average Indian dream. So, take the numbers with a grain of salt.* +Okay, maybe saying "no one" is a little extreme, but it seems rarely talked about. I am referring to when you apply or backtest a trading algorithm with configurable parameters, instead of hand-picking the parameter values, the more formal process is to automate the parameter optimization (i.e., finding the parameter value set(s) that most minimized the loss function). Assume you are applying it the right way, such as backtesting with forward testing or hold-out set to avoid overfitting. + +Am I missing something here? +TL; DR: The music is about to stop and UNO’s the game. This is an unprecedented event and you need to read it if you care about your investments or your opportunity to engage in a free market. + +**What** + +Apex clearinghouse has been confirmed as making a business decision to reverse transfer transactions, initiated by their customers from their brokerages to Computershare on both IRA and Non-IRA accounts. Computershare is the only method of registering stock shares in your name, as opposed to being a beneficiary of a share of stock held in an alternative brokerage. + +*Edit: I was looking for the comment that suggested they were denied transfer of a non-IRA account to provide source. I can no longer locate that comment or it has been deleted. Jury is still out on whether they are reversing non-IRA shares as well.* + +It’s unclear at this time whether this is impacting only GameStop holders or if other transfers are being restricted. Regardless, the inability to request transfer by your brokerage for movement of shares you paid for suggests that these brokerages may be not actually buying shares on your behalf when you make a trade, but instead internalizing that trade and profiting off of your IOU by simply absorbing the costs of buying and selling. + +Previously, there have been reports of transfers to Computershare showing an inconsistent or outrageous cost basis but generally it was considered erroneous record keeping or petty tactics by establishments such as Robinhood. However, the cards are beginning to show that perhaps these were signs of a bigger play that is now showing it’s desperation. + +**Why This Matters** + +I don’t care if you’re an ape or not, this is a threat to the market structure and the freedom we enjoy in a capitalistic market. I am an investor and you’ll see that I do engage in GameStop related subreddits. However, I have been trading for more than 20 years and while I may not know the intricate details of the backend of brokerages, I do know when something is amiss. + +At what point do you suggest that providing an IOU and not having a share available that you paid for is acceptable? How far does your flexibility go to say that I am okay with a corporation telling me they’re buying a share for me and holding it in their name, to instead taking my money for a promise to pay yet engaging in market manipulation tactics such as trade internalization and use of market makers that avoid lit markets when it advantages their bottom line? + +**What Now** + +This is the part where I am supposed to say “go buy GME and buy through Computershare!” But, while I do believe that is important, it’s also important to recognize that the act of reversing share transfers and preventing initiations seems precariously similar to “turning off the buy button”. The question is, if they are giving you an IOU, what happens when the music stops and you own a bag of pieces of paper? + +I am not asking you to buy or even support GME with this post. I am imploring you to recognize that games are being played with your livelihoods and financial lives. Recognize that turning off the buy button and reversing and blocking transfers are signs of things to come that we have never experienced in our lifetimes. I’m worried for you, I’m worried for me. Just please, don’t ignore what you’re seeing on Reddit, don’t be just a bystander. Look into this and if it scares you and seems wrong, reach out to your congressperson(s), consider where you hold your shares and whether you’re getting IOU’s or real shares. Consider propping up authors that aren’t afraid to be heard. + +**What I Think** + +I’m going to say it: I think the end is near. What does it mean? I don’t know. Ultimately we know that there is a decision being made by a clearinghouse to prevent individuals from transferring potentially non-existent shares into their own name. + +The question I have is why do they care? I would suggest based on the above conclusions, that each individual that transfers their shares forces the clearinghouse to pay up and buy a share of what is being transferred (since we think its just an IOU). Further, if you believe the concept that certain stocks 👀 are lended out repeatedly well beyond the actual existing shares based on an IOU, the concept would make sense that each transfer is impacting the clearinghouse many times over. + +What if each share transferred results in the need to locate, say, ten shares that have been rehypothecated through naked shorting? For the clearinghouse to follow in the footsteps of their buy button turneroffer friend Robinhood, they must be pretty concerned about whatever impact it is having. + +Perhaps in dire circumstances, the consequences are simply a part of self-preservation. Ask yourself, what business would make a decision to knowingly obliterate their reputation if it wasn’t for a true dire need? Sometimes, the simplest answer is the correct one. Time will tell. + +Please see the critical reading list below to get started: + +Apex Blocking Transfers: + +https://www.reddit.com/r/Superstonk/comments/s8trpt/ally_and_apex_are_about_to_fuck_every_ape_who_has/ + +Catching up on GME: +https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/ + +What’s Rehypothication: +https://www.reddit.com/r/Superstonk/comments/nl4agt/rehypothecation_si_why_volume_can_spike_from_lows/ + +Susan Trimbath (knows all about naked shorting): +https://mobile.twitter.com/SusanneTrimbath?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor + +GMEDD (Ongoing Updates of The Saga): +https://gmedd.com + +The Compendium (if you want to know it all): +https://fliphtml5.com/bookcase/kosyg +Norway is often cited when talking about the richest countries in the world (per capita) but Norway is a tiny country, and if you break down the US by states there were actually 5 states that had a higher gap per capita than Norway. They are, New York, Massachusetts, Washington, California and Connecticut. +Combined GDP of these states is over 6 trillion dollars, that’s over 12 times higher than Norway. + +Kinda useless fact but I feel like it helps put things into prospectives, if you live in one of these states you are in one of the richest places in the world. + +(Preempting remarks about inequalities in the US: check median salary in these states and compare it to other rich countries and you’ll find that the average person in these states is doing pretty well) +Value investing is inherently contrarian by discussing ideas that are unpopular. It is quite ironic because it means that the more interest a post on this sub gains, the less likely it is to follow the set of principles of an un-popular investment laid out by Graham & Dodd. + +&#x200B; + +* Putting your money in ridiculously expensive and unprofitable clean energy companies is not "investing," it is dangerous speculation +* Stop pasting youtube videos encouraging speculation rather than fundamental analysis +* Understand what attracted you to this sub in the first place (high-quality posts and engagement) + +&#x200B; + +I remember when r/investing was a small, high-quality sub. Then it became too big and went to shit. I went to r/SecurityAnalysis but alas it grew and became kind of shit as well. Please don't let this sub follow the same fate. + + +EDIT: It seems other people feel the same way. Sort your posts by new and downvote stuff of either very low quality, people promoting their shitty YouTube channels and any other garbage polluting the sub +Hello people, + +What to do with Parag Parikh Flexi Cap Fund? It has returned just 2.68% since this year January. + +I also invest in Quant Active Fund and Index Fund which have returned more than 10% + +Is this happening with PPFCP because foreign investment is halted since Feb/March of this year and new SIPs are taking hit? + +Are you guys continuing your SIP in this Fund and what is your statergy? To blindly continue SIP? + +I have been investing in Quant and PPFCF since January this year and in Index since last September. + + + +Edit : Exit Load of PPFCF is 2% and Expense ratios is 0.76% +I am venting, but real estate industry needs to be brought under ACCC. The ads are misleading at best, fraudulent at worst, there needs to be truth in advertisement. Too much deviation between states, e.g. Vic requires price guide and section 32, Qld don't. A nationwide consistent information template for properties are required. Just like it is there for mobile plans or super funds etc. To make it easier to compare properties. Every room should be photographed and not excluded to hide something. + +Today my friend went to inspect a property in another city and showed us around using whatsapp. The beautiful pool and lawn in photos turned up to be an unmaintained dirty pool and the lawn was a brown dead patch :( + +Update: it seems Victoria has changed laws for better disclosure. +https://www.consumer.vic.gov.au/latest-news/sale-of-land-changes-in-effect-legislation-update +1. Okay, at least with passing time, we are seeing less of useless forks. Why? I truly believe by next bull run, most useless forks will fail to gain traction, and original ideas will dominate the top 10. + +2. Bye bye shitcoin. If this market continues for next 3 months, I can bet it will spell doom for a lot of shitcoins. Lets say, like bitcoin gold, diamond, platinum etc. + +3. Less of btc vs bch feud. Lets face it. The well being of the crypto space does depend on original ideas. While btc is an original idea. Bch isn't + +4. No more lambo people till next bull. How many lambo or moon posts do we see in reddit? Nope. Not really. Vitalik must be damn happy, that there's at least some serious investors (or hodlers or gamblers) with some skin in the game + +5. More FUD resistance. Well consider this just like a vaccination. Yeah, we all take Vaccines. We all have that Fever that follows vaccines. The bit of illness, weakness, but then it does protect us from a terrible infection. + +6. Opportunity to be a real Millionaire. Yes. The bubble hasn't even started. How will it pop. If a 800 billion market with almost 40 to 60 projects that have got products is a bubble, well I dunno what the debt Bubble is. Maybe it's a superbubble. + +7. Mass adoption. Technology will advance. I don't think people like vitalik, charlie, charles hoskinson, colin lemahieu, da hongfei, Cz of binance are doing it just to be a millionaire. With tech advance we will see adoption rates going up. After using nano, I seriously question, why should I use Visa Cards! + +8. More btc alt decoupling. I would like this to happen at the soonest. Why? A lot of pump and dumps happen just to farm satoshis. Also a lot of alts get a fake dollar valuation due to the BTC value. So coins like XP or Pac continue to have valuations based on that. + +9. Killer dApps, interoperability and more. platforms and payments solutions products are my pick for the next bull run. Yours? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: + +*** + +- Follow the Golden Rule. All other rules apply as well. Follow [this link](https://www.reddit.com/r/ethtrader/about/rules) to view the rest of them. The rules page is also linked in the announcement bar above. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +Thank you in advance for your participation. Enjoy! + +So it's been 1 month since MOAMC opened The S&P 500 Index Fund. The Index is up 9.4% in last 1 month however the Fund is only up 4.2%. Isn't this an abnormal tracking error? What am I missing? + +**Edit: Apparently I was missing a lot. The difference is much lesser and even the same was on account of the rupee appreciation. Please refer u/pratikoswal 's comment below.(https://www.reddit.com/r/IndiaInvestments/comments/gvwsm2/motilal_sp_500_index_fund_1_month_on/fstxwo3/)** +I've been "investing" for around 5 years (dabbling). I've made the early mistakes of following the crowd, peoples tips, buying at the top etc. Predominantly I now have my money in Vanguard (majority global all cap). + +I want though to know how to quickly and fully understand / calculate a companies financials initially. I've just audibled naked trader and whilst I have a brief understanding - does anyone know of a short course / link that they've found easy to understand & learn relative to investing? + +Any other courses/links/books on the learning fundamentals of trading would also be appreciated! + +For info - I'm 33 & comfortable with the risks.. I am just keen to learn properly rather than ride on luck tips and gut. I'm not a complete newbie and feel I have a loose understanding of signals of a ramp on an illiquid AIM stock & someone's im depth research on an undervalued stock, but I appreciate at the moment there's a large element of gambling. But given the direction I do think my temperament, patience & knowing to play the long game that I feel I could make a success of it long term. + +Edit: I have also read How to Own the world, I will teach you to be rich Ramit Sethi, Investing Demystified Lars Krojer. +I am a US-expat living in Amsterdam. Own a single family rental in northern KY (original residence). Has been successful and considering other markets. +I love the idea of having a guaranteed small monthly payment, but my cash in the market would be making money rather than sitting in my house which is appreciating slowly. + +Anyone try the investment strategy and skim money from their investments to basically subsidize their monthly mortgage? I completely understand the risks and I’m almost always risk-averse. Just seeing what folks out there do. +## Preface + +Three hours before the House Committee on Financial Services hearing *Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide* on February 18th, 2021 CNBC aired an unusual, pre-recorded interview with Bill Gates innocently sporting a blue sweater and white collared shirt in a bright, modern office. During the interview Gates equated “meme” stock investing to gambling and suggested the SEC needed to “look at the individual investor.” He talked about the market activity involving “meme” stocks lacking societal value and how the events of January and February reminded him of the Post-depression era 1930s as though he’d lived through it. So why did Bill take it upon himself to cast individual investors as degenerate gamblers in advance of this hearing? + +Not much has been made of Gates’ possible involvement in GameStop beyond mention of his well-known “family office”, Cascade Investments, and [speculation](https://www.reddit.com/r/GME/comments/m2ozdh/another_1_million_shares_borrowed_from_etfs_in/gqklwg9) on Reddit in early March 2021 that his vocality on market events signaled maneuvering ahead of a divorce - like Gabriel Plotkin’s announced on January 31st, 2021 - meant to secure assets under a soon-to-be ex-spouse’s name before they could margin called from them. Foresight later acknowledged by a Marketwatch article [here](https://www.marketwatch.com/story/bill-and-melinda-gates-divorce-was-a-predictable-market-phenomenon-and-bullish-for-gamestopwe-can-explain-11620158462). + +But after the months of divorce headlines and an Epstein apology tour things seem to be back to normal for Gates and company. He’s once again writing [op-eds](https://time.com/6115046/bill-gates-pandemic-preparedness/ ) about public health and how we can prepare for future pandemics as if all is forgotten and forgiven… right? I’m not so sure and think Gates still has some explaining to do. + +## Background + +Please allow me to add a new equity of interest to the search results of r/Superstonk: AutoNation. + +I was reminded of this company a few months ago after a nobody analyst by the name of Anthony Chukumba went on CNBC in attempt to not only cast doubt on the ascent of GameStop but also assassinate the character of Ryan Cohen. During the interview Chukumba, with fervor, said: + +> “The valuation is nonsensical and at some point **let’s just call it what it is - the emperor has no clothes.** I know Ryan Cohen you know founded Chewy and sold it for a gajillion dollars. He’s got at least three zeros in his net worth more than I do… but at the end of the day **this is Eddie lampert with Sears all over again.** At some point we’re going to have to come to the realization that **the emperor has no clothes there’s no strategy there’s no turning this business around** and it’s nonsensical that it’s that the valuation is 15 billion dollars.” - [Anthony Chukumba - September 9th, 2021](https://youtu.be/0Sc8tIAhEEU) + +Hold up. Ryan Cohen, an emperor with no clothes? Eddie Lampert with Sears all over again? How weird were these analogies? + +First of all, I’m pretty sure RC has at least one premium black Lulu hoodie… and what makes Anthony so sure Eddie Lampert is a foolish, vain emperor who lacks cunning? Eddie has a grand total of zero public interviews on YouTube and like CNBC points out [here](https://youtu.be/gZqmlZK9l30) has long been known to avoid the spotlight. Let me ask you a question - do either the yacht and accompanying black Bond villain boat recently spotted in Charleston, South Carolina [here](https://abcnews4.com/news/local/130m-megayacht-owned-by-sears-ceo-visits-charleston-harbor) or 13 bathroom house in “[Miami’s Billionaire Bunker](https://www.miamiherald.com/news/business/article247709685.html)” strike you as the property of a foolish emperor? + +Second of all, their business practices are, very obviously, entirely different. RC has created hundreds (thousands?) of jobs in his first year as Chairman of GameStop. Lampert on the other hand systematically dismantled a classic American corporation resulting in the loss of *several hundred thousand jobs* while playing *Weekend at Bernies* with Sears’ underlying credit insurance as demonstrated by the company’s settlement with Omega Advisors Inc., Och Ziff Capital Management Group and Saba Capital Management in December 2018 after: + +> “The judge presiding over Sears Holdings Corp.’s bankruptcy suggested an $82.5 million bankruptcy sale didn’t follow proper procedure and may have unfairly disadvantaged investors who bought insurance on the company’s debt.” - [Wall Street Journal - December 20th, 2018](https://www.wsj.com/articles/searss-82-5-million-note-sale-to-cyrus-is-thrown-into-doubt-11545351623) + +Eddie and his buddy Stephen C. Freidheim of Cyrus Capital were essentially caught playing funny games during Sears’ bankruptcy auction and had to cough up a very small amount of money relative to their net wealth as a result. Meager price to pay for the actual amount of capital Lampert has extracted from Sears over the years and representative of why an association with Eddie Lampert is a character assassination in and of itself. He’s a bad person, unlike Ryan Cohen. + +It seems Chukumba has not only been wrong about GameStop in his analysis but RC and Lampert as well. Almost as embarrassing as the quality of Loop Capital’s [website](https://www.loopcapital.com) and their only available translation option being Mandarin. + +## Hypothesis: + +Ok, so, back to Gates - he wouldn’t involve himself with someone like Eddie Lampert, would he? Well, it just so happens that Cascade purchased $186 million of Sears debt in 2016 and was subsequently very lenient when it came time for the loan to be repaid by Sears in [2018](https://www.chicagotribune.com/business/ct-biz-sears-loan-lampert-cascade-0605-story.html). Once a fluke, twice a cohencidence… + +Thrice a pattern... Did you know Bill Gates [transferred](https://www.bloomberg.com/news/articles/2021-05-04/cascade-transfers-canadian-national-autonation-to-melinda-gates) 14.1 million shares of AutoNation - a company Lampert has a [10%](https://whalewisdom.com/filer/esl-investments-inc ) stake in and was [formerly](https://investors.autonation.com/news-and-events/press-releases/press-release-details/2007/Edward-S-Lampert-Not-Standing-for-Re-Election-to-AutoNation-Board/default.aspx) on the board of - to Melinda Gates and then sold off another 2.94 million at ~$103.47/share on May 3rd, 2021? While researching this post AutoNation was trading ~$123.65 which means Bill Gates has effectively parted ways with $343,867,200 in unrealized gains during 2021 while doing so. + +Fourth time a standard… of trading behavior that is all too coincidental when taking into account the bizarre pink sheet OTC volumes observed for “zombie companies” like Sears and Blockbuster that people have [observed](https://www.reddit.com/r/Superstonk/comments/phazqs/what_in_the_fuck_is_this_large_volume_moves_in) unexpectedly overlap with GME trading throughout 2021. RC even tweeted about the two companies [here](https://twitter.com/ryancohen/status/1400492465442811904?s=21) and [here](https://twitter.com/ryancohen/status/1346943412663177218?s=21). + +While it is still unclear as to whether Bill Gates has lost money directly tied to GameStop or not one thing is clear - he has left a veritable trail of behaviors and relationships behind him that suggests he still has some explaining to do. + +## Conclusion + +To wrap this up, I’d like to once again refer to Gates’ comparison of Retail Investors, like you and me, to gamblers like himself during his February 18th, 2021 pre-market CNBC appearance. I do not enjoy casinos, losing money, Windows PCs or being judged by a person whose family office is known for it’s “[culture of fear](https://www.nytimes.com/2021/05/26/business/bill-gates-cascade-michael-larson.html).” I can’t imagine Time Magazine would, for example, allow Bill Cosby to write an op-ed nowadays - so I’m not sure why they recently allowed Bill Gates to? Perhaps they will one day publish a piece about the relationship between Gates and Lampert. + +— + +Just a Retail Investor, not a financial advisor. +Hello world, this is the unpaid media news you were waiting for. + +Headline of the day: GME is up 31% on no official news in after hours, start asking yourself why. + +For more information, browse this sub. Ask yourself why a stock rises on no news and try to inform yourself about the stock market and the companies you are invested in. + +Have a good week and don’t forget to DRS. + +See you soon on the moon. 🦧❤️ +This isn't my article, I came across it doing some research, really like it, and thought it was worth sharing here :) + +[https://epchan.blogspot.com/2019/04/the-most-overlooked-aspect-of.html](https://epchan.blogspot.com/2019/04/the-most-overlooked-aspect-of.html) + +The giveaway: it's collaboration. Another algotrader to work hand-in-hand with to share, develop, and implement new ideas, etc.. + +I've been working on algotrading basically full-time, teaching myself from scratch, for the past 6 months or so. Working by myself for pretty much this whole time, I can definitely attest to a desire for someone I can work with at a much closer level than what we often feel comfortable sharing publicly in forums like this. + +Thanks for everything that you all have been willing to share in this sub, it has helped me immeasurably these past months. +This subreddit has a lot of people who are willing to spend money on nicer things: houses, cars, flights, hotels, meals, paid help around the house, etc. + +What's something you still aren't willing to splurge on, despite otherwise having a fat budget? Why? + SportemonGo that launched yesterday and could be next GMR. + +Almost 12,000 holders in less the 24 hours! + +**Augmented Gaming Reality Powered by Unity Engine** + +* DOXXED FOUNDERS +* 20 YEARS EXPERIENCE IN SPORTS/GAMING +* ANTI BOT PROTOCOL +* Whitepaper ✅ +* LIVE AMA + +Sportemon Go was founded in 2021 by Ricky and Corey Jackson. With illustrious backgrounds in sports marketing and sporting software, the pair envisaged the creation of a platform to stand as a world premier in NFT augmented reality sports trading. + +With a purpose to revolutionize both the gaming and NFT collectible industries, Sportemon Go will enable its users to hunt and collect NFTs of their favourite sporting heroes in both the real world and in real time. Creating the perfect synergy between our current world and the metaverse, participants will be able to interact at stadiums and sporting events like never before. + +Sportemon Go is funded solely through its own cryptocurrency, a BEP20 token leveraging a smart contract on the Binance Block Chain network. This native cryptocurrency will power the entire economy within the platform allowing users to purchase NFT collectibles, form their ultimate team, participate in mini games, earn rewards and much more. + +**Tokenomics:** + +* Total supply: 1,000,000,000,000 +* Burned supply; 15,000,000,000 (15%) +* Tax 12% (5% liquidity, 4% reflection, 1,5% development, 1,5% marketing) +* 15% Locked future development wallet +* 5% Locked dev wallet + +**Teams previous partnerships:** + +* COCA COLA +* UEFA +* OLYMPICS +* UNIBET +* ESPN +* CORAL +* PLAYSTATION +* UEFA CHAMPIONS LEAGUE + +**LINKS:** + +Website: [https://sportemongo.com/](https://sportemongo.com/) + +TG: [https://t.me/SportemonGoBSC](https://t.me/SportemonGoBSC) + +Contract: [https://bscscan.com/token/0xe5d46cc0fd592804b36f9dc6d2ed7d4d149ebd6f#balances](https://bscscan.com/token/0xe5d46cc0fd592804b36f9dc6d2ed7d4d149ebd6f#balances) +So a few months back, my sister asked me to be her guarantor. I agreed. When I logged into the portal to sign the contract, I noticed she had also added me as the guarantor for one of her random ass friends she wanted to room with. After explaining to her how incredibly fucking stupid and unacceptable that was, I emphatically refused to sign her friend’s contract. Later, the apartments called me about the missing signature and I explained the situation and again refused to sign. + + + + +Fast forward to a few weeks ago, I get a bill in the mail from a debt collection agency. This is where I fucked up: I assumed I’d never hear from the other girl again, so I thought my sister was behind on her rent. She showed me proof that she wasn’t so I figured they had sent this earlier, but that my sister had since paid. + + + +Turns out the girl was being charged for a no show on her contract and they are treating me as the guarantor. Neither the debt collection agency nor the apartments can show me documentation proving that anything was signed by me. But the debt collectors want an email from the apartments to clear me from the account. The apartments swear up and down that I signed, but somehow can’t provide me with any proof. + + + + +According to the debt collector, it’s been over 30 days, so if they don’t get an email from the apartments within 48 hours, it’ll affect my credit. I have zero expectation that the girl would pay it even if I could get in touch with her. + + + +What can I do? How can I put pressure on the apartments to send that email? +I want to get into creating trading algos, but I want to make sure that it’s a plausible endeavor first. Are there still edges to exploit for normal traders, or is algo trading the realm of expensive high frequency trading machines that retail traders shouldn’t even bother to compete with? What are the limitations? +**About Drone Delivery Canada Corp.** + +Current Price - $2.01 Cad + +Estimated Fair Value Price - $4.85 Cad + +Revenue Forecast To Grow 51% Per Year + +Link To Article Below For More On This Information: + +Drone Delivery Canada Corp. designs, develops, and implements commercial drone-based logistics systems in Canada. The company offers drone delivery services consisting of Depot to Depot services, which focuses on rural applications providing services from warehouse to warehouse; and Depot to Consumer that offers logistics services from a retailer/warehouse direct to the consumers home or business location. It serves government, commercial, industrial, and retail customers. The company was incorporated in 2011 and is based in Vaughan, Canada.. + +Drone Delivery Canada Corp. is a publicly listed company trading on the TSX.V Exchange under the symbol FLT, on the U.S. OTCQX market under the symbol TAKOF and on the Frankfurt exchange in Germany under the symbol A2AMGZ or ABB.F . + +The Company is focused on designing, developing and implementing a commercially viable drone delivery system within the Canadian geography. They are focused on bringing Innovation to the Canada - utilizing drone technology to redefine the just in time delivery standard for retailers. Their group consists of highly seasoned technology professionals who have successfully built, owned and operated technology ventures in the Canadian marketplace. + +Notable Links: + +Stock & Value Analysis - [Drone Delivery Canada (TSXV:FLT) - Share price, News & Analysis - Simply Wall St](https://simplywall.st/stocks/ca/capital-goods/tsxv-flt/drone-delivery-canada-shares) + +Letter of intent with Apple Express Courier - [Drone Delivery Canada Announces Letter of Intent with Apple Express Courier Ltd (newswire.ca)](https://www.newswire.ca/news-releases/drone-delivery-canada-announces-letter-of-intent-with-apple-express-courier-ltd-889950948.html) + +Company Youtube Content - [(3) Drone Delivery Canada - YouTube](https://www.youtube.com/dronedeliverycanada) + +Company Website: - [Home - Drone Delivery Canada : Drone Delivery Canada](https://dronedeliverycanada.com/) + +Overall, I see great potential with the company. With so many potential partners like apple and amazon the possible growth with this one is under estimated IMO. Feel free to voice your opinion and leave a comment below. I like the stock. +The major western countries aren't "broke". They simply stopped taxing their richest citizens like they did in the 50's and 60's. If they taxed them again like that all would be fine as it was in the 50's and 60's. Spending does NOT need to be cut. + +The problem is that politically active groups have been trying to starve governments of funds as a means of cutting popular social programs and retaining wealth among the super rich. (It was a strategy called "Starve the beast" in the 1980's by Grover Norquist) +they succeeded in cutting estate and dividend and capital gains and top income taxes and as a result the super rich pay a far less share of the taxes than the percentage of the societies wealth they own. + +(it doesn't matter if they pay a high percentage of the total taxes - it only matters if they pay taxes that are proportionate to the percentage of the wealth they own. for example if 1 man owns 90% of the gold and pays 55% percent of the taxes he can say he pays more than anyone else. However it is not relevant because it simply hides the fact that he doesn't pay in proportion to the benefit he gets from the societies laws that protect his wealth and status. if he owns 90% of the gold he should be paying 90% of the taxes not 55%. ((By the way in fact today 1% of the population owns 90% of the stock for example) ) + +The answer to the government "sovereign debt" issues is simply tax the rich in the percentages that worked so well in the 50's and 60's and society will boom just like it did then and without the fake debt and tax evasion chicanory that caused the fake economic growth spurts since then. Grover Norquist is hoping you will now instead cut the leg off the beast he has starved. Instead you should give the beast more food from the super rich. + +You can either cut spending or raise revenue to balance a governments budget. + +If you cut spending so much that you hurt your middle class then you will shrink the economy. +We have reached that point. + +Spending befitting the middle class needs to INCREASE and taxes need to get back to what they were for the wealthy in the 50's and 60's when America built the strongest economy with the strongest middle class the world had ever seen. + +ok redditlost half my damn supporting docs so here are afew again + + +http://lmgtfy.com/?q=is+sovereign+debt+caused+by+lower+taxes+on+the+wealthy + +http://lmgtfy.com/?q=relative+tax+burden+to+wealth + +pictorial presentation of inequality and sovereign debt over time by kenneth galbreath +http://www.businessinsider.com/map-of-the-day-inequality-2010-5#your-guide-to-the-maps-1 + +This shows that quintiles hide the truth of the non taxation of the superrich top 1% because those others inthe top fifth are no where near as rich as the top 1% so they make the top 1% look less bad: +http://www.whosplayin.com/xoops/uploads/photos/402.gif + +there was more but damn reddit lost it. + +interesting info from here +http://www.uic.edu/depts/lib/documents/resources/tax99/taxhistory.shtml#america +"In 1798, Congress levied the first direct tax on American property, including lands, houses and slaves. (This was a wealth tax. They figured out the value of your home, slaves and land and taxed you in proportion to the wealth you owned- insert me) Temporary income taxes were also imposed on citizens by both sides of the Civil War in order to raise wartime funds, and in 1862 the Office of the Commissioner of Internal Revenue was created to collect wartime income tax funds. The first peacetime income tax was imposed in 1894, a 2-percent tax on earnings above $4000, which at that time only affected the very richest 2-percent of Americans. (income taxes were always supposed to only be paid by the top richest people in the country - the standard deduction was supposed to cover the amount needed by a normal person live so they would only pay taxes on excess income - insert me) Income taxes became a permanent feature of American life in 1913, with ratification of the 16th Amendment. Taxes were expanded during World War I with revenue acts which created federal estate taxes as well as greater taxes on earnings by individuals and businesses. " + + +A final thought: society (and the government that they elect) doesn't have to choose between bacon and gravy. +We can spend on bacon and gravy and even a little caviar if we only tax the super wealthy in proportion to the wealth of society that they own. All of humanities wealth has advanced over the past 50 years from things like computerization which allows this fact. We just have to go after the horders. Remember they wouldn't own the wealth if our society didn't enforce the ownership rules they allow them to own it. They benefit more form the rules than anyone so they should pay fairly for it. + +Furthermore remember that having a larger more educated middle class (from lower relative middle class taxation - better and free education and healthcare and higher minimum wages so more income is earned for less time) increases the wealth of society for EVERYONE (including the Superrich) because society advances and more of the society is able to make large contributions to the society increasing its advancement and ultimately its wealth. You want the most healthy brains as educated as possible with the free time to make huge advances for society as you can get and not forced to do mundane survival things. 10 million PHD's under government grants or on the "dole" does more to advance society if just ONE of them makes a ground breaking discovery than 10 million impoverished un educated people who can't think because they can't even feed themselves from their minimum wages much less spend time doing things that might make a breakthrough. + + +It's better for the super rich to be superich in a nation of a large middle class than it is for them to be the super-rich of a nation with a non existent middle class. the first is even richer in both value of assets and societies research and advancements than the second superrich guy. The first has a better chance for a long happy life (because research and advances such as in health, transportation, lifestyle innovation etc will be so much more in the first society ) than the second superrich guy. + +Bought a 6 unit building in MN for $600k in Sept 2021. It had a single long term Triple Net Tenant and the lease was through 2026. Place definitely needed work, but they were responsible for insurance, taxes, and maint. I had a lawyer review the lease and it was fairly tight. + +First 6 months was great and it was cash flowing like a beast @ $3,500 month (that’s after mortgage and minimal expenses). Then they stopped paying and refused to work out a deal. I got the lawyers involved and we have been in litigation ever since. + +Well they abandon the property and let their insurance laps due to nonpayment, though they renewed insurance for 2022. Now I have a burst pipe and loads of water damaged in my uninsured building as my own policy is only liability. I’m f*cked. + +I should have: 1) double up on insurance the moment they became an issue, 2) retake possession of the property ASAP 3) full court press legally as soon as the first payment is missed. + +^ learn from my rookie $600k mistake. Open to advice + +This is my first commercial deal, but I have done smaller residential deals previously, so no my first rodeo in REI. Just my biggest deal to date +I'm so excited...this should help us with fixing up our home and eventually paying off debt....I need all the well wishes I can get + +Edit: thanks everyone for your support. It means a lot. I've had hard times but I can't help to think that better times are ahead. + +Edit 2: wow guys. I'm blown away by your kindness truly . All of you are real gems +[Repost] + +Hi guys, + +Most economists seem to think inflation will resolve itself by the end of the year. I was hesitant to believe this but gradually become more convinced, UNTIL I put things into perspective now especially with the Ukraine-Russia war. + +The next step after this is that the West will cut off Russian oil supply in retaliation to sanctions, inflating the prices of everything. + +This in addition to the fact Hong Kong has had its worst Covid outbreak in history a few days ago, and the virus is still evolving. + +This is on top of the fact that we are seeing a wave of unionization happening. After a few Starbucks have unionized, 100's more have started their respective applications. + +This is what seemed to have caused the inflation era in the 70's, high wages due to unionization as a result of wages failing to keep up with rising prices, high inflation due to OPEC jacking the price of fossil fuels, plus more Covid outbreaks means more lockdowns -&gt; business slowdown -&gt; higher unemployment to cut costs. + +This seems to be a recipe to force the central banks hand in jacking the rate of interest no? + +Thanks in advance. +It doesn’t matter where you are from, go vote. Our German brothers are the perfect example, after weeks of nagging, they are now able to vote. + +You can’t sit this one out. Don’t be lazy. + +Go call your broker, write an email, use customer support chat and demand to vote with your shares! + +There is no later, go and vote NOW! + +🇬🇧 For UK APES 🇬🇧 + +https://www.reddit.com/r/Superstonk/comments/ncfvj4/letter_for_ukapes_to_help_get_their_votes/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf + +Obligatory 🚀❤️ +Edit: more than a year using said strategy. And what’s your profit percentage look like today ? + +Second edit: didn’t think I’d need to clarify but just in case, I’m talking about the thetagang veterans. But for the actual veterans, thank you for your service +I think that economic literacy is an important part of being an informed citizen, and would like to donate to a charity supporting this cause, either in schools or with adults. But all the charities I’ve found so far that do this have some ideological slant to them, like the Mises Institute. I’m looking for a charity that promotes education on the basic Econ 101 stuff, like supply and demand, price signals, market dynamics, analytical thinking about incentives and policies, etc, but without too much of an ideological bias. Does anyone know of a good charity like this? Thanks! +***8/9 3:10pm US EASTERN TIME UPDATE:*** + +* KEEP CALLING SENATORS AND HOUSE REPS- SOME POSITIVE MOMENTUM, BUT NOT AT ALL ENOUGH- HAVE TO KEEP PUSHING +* PLEASE GO READ & SPREAD JAKE CHERVINSKY'S TWEET LINKED BELOW: + * [https://twitter.com/jchervinsky/status/1424796004696612864?s=20](https://twitter.com/jchervinsky/status/1424796004696612864?s=20) +* PLEASE GO READ & SPREAD FOOBAR'S TWEET LINKED BELOW AS WELL: + * [https://twitter.com/0xfoobar/status/1424757534053654534?s=21](https://twitter.com/0xfoobar/status/1424757534053654534?s=21) + +&#x200B; + +&#x200B; + +***8/7 2:20pm US EASTERN TIME UPDATE:*** + +* **THE INFRASTRUCTURE BILL PASSED (BUT STILL MUST PASS IN THE HOUSE OF REPS!)** + * It passed w/ slightly positive (but not nearly good enough) changes Per Jake Chervinsky (tweet linked below): + * "Senator Warner has changed his amendment to protect consensus mechanisms beyond PoW. ***A small positive step, but not nearly good enough.***" (emphasis mine) + * PLEASE READ JAKE'S [8/7 TWEET THREAD (@jchervinsky) HERE](https://twitter.com/jchervinsky/status/1424042155400736782?s=20) FOR MORE DETAILS +* **AS NOTED INITIALLY IN THIS POST BELOW: THIS FIGHT IS ABSOLUTELY NOT OVER:** + * I'll continue to update at the top of this post as long as it's ranking high enough in the sub to be a useful awareness generation tool + * If you find any important updates you'd like me to add, please DM me and I can get them added as well + +&#x200B; + +**= = = = = = = = = = = = = = =** + +**= = = = = = = = = = = = = = =** + +&#x200B; + +\*\*\*NOTE: ALL POST CONTENT BELOW IS AS OF THE NIGHT OF FRIDAY 8/6\*\*\* + +***TO BE*** ***CRYSTAL CLEAR:*** ***Before you proceed to sauces (read: legit sources) below line break, PLEASE NOTE:*** + +* *"EVEN IF BILL PASSES RELEVANT CRYPTO PROVISION WON'T TAKE EFFECT UNTIL 2023" IS ABSOLUTELY* ***NOT*** *AN EXCUSE FOR APES TO RELAX AND SKIP CALLING/EMAILING YOUR SENATORS BEFORE THEY VOTE SAT 8/7!!!!* +* *I 1000% AGREE WITH FOOBAR'S* [TWEET (@0xfoobar) HERE](https://twitter.com/0xfoobar/status/1423756116693975043?s=20) + * *1: ALL APES SHOULD CALL THEIR STATE SENATORS BEFORE THEY VOTE* + * *2: TELL THEM TO VOTE* ***NO*** *ON THE* [***PORTMAN***](https://twitter.com/robportman)***-***[***WARNER***](https://twitter.com/MarkWarner) ***PROVISION*** *(LINKED THEIR TWITTER ACCOUNTS IN CASE HELPFUL ;)* + * *3: TELL THEM TO VOTE* ***YES*** *ON THE* ***WYDEN-LUMMIS-TOOMEY PROVISION*** + * *4: PER JAKE CHERVINSKY'S* [TWEET (@jchervinsky) HERE:](https://twitter.com/jchervinsky/status/1423654008632266757) ***IF YOU'RE WILLING & ABLE, PLEASE USE*** [***THE LINKED NUMBER & SCRIPT HERE TO CALL YOUR SPECIFIC SENATORS***](https://www.fightforthefuture.org/actions/stop-the-senate-from-sneaking-through-total-surveillance-of-the-crypto-economy/) + * *MY POINT IN POSTING THIS, IS TO PREEMPT ANY POTENTIAL FUD (IF THE BILL PASSES AS-IS WITH THE HORRENDOUS* [PORTMAN](https://twitter.com/robportman)*-*[WARNER](https://twitter.com/MarkWarner) *CRYPTO/NFT PROVISION) BY GETTING AHEAD AND INFORMING APES THAT (IN THAT EVENT) THIS FIGHT WOULD BE FAR FROM OVER!* + +**= = = = = = = = = = = = = = =** + +**WITHOUT FURTHER ADO, START BELOW (AND MAKE SURE TO READ THE REDDIT/TWITTER THREADS & CORRESPONDING COMMENTS):** + +* ***KEY SAUCE:*** [***https://twitter.com/jchervinsky/status/1423654012444975105?s=21***](https://twitter.com/jchervinsky/status/1423654014458241026) + +https://preview.redd.it/m719zunf1tf71.png?width=1124&format=png&auto=webp&s=487ab4ff7adaaa6c1e1a7a98993f752f69aaa032 + +* *ALSO:* *- I would read that entire thread as ALL the info is outstanding and explains the entire process (Jake Chervinski is a beast!)* *- Here's the link again:* [*https://twitter.com/jchervinsky/status/1423653963191230471?s=21*](https://twitter.com/jchervinsky/status/1423653963191230471?s=21) +* Here's the Reddit comment thread that led to this post: + * [https://www.reddit.com/r/Superstonk/comments/ozbolt/vote\_is\_tomorrow\_dont\_sleep\_on\_their\_fuckery/h7yrl0i?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ozbolt/vote_is_tomorrow_dont_sleep_on_their_fuckery/h7yrl0i?utm_source=share&utm_medium=web2x&context=3) + +ALL of the above said, just remember, we absolutely want to defeat the Portman-Warner crypto provision, but no matter how they vote tomorrow, THIS IS NOT OVER!!! 🚀🚀🚀🚀 +I’m a supervisor in construction, back when I was labouring for the company a bloke started about 2 years after I started there. He’s a good bloke but a lot younger than me and obviously less experience than me. +Well as his supervisor I just done a rental reference for him and found out his on 50K a year more than me.. +Not sure why there's FUD following Biden administration's plan for crypto transfers over $10K be reported to the IRS from 2023. This is good news in a bad week for crypto. IMO the US gov just admitted crypto is here to stay. + +Unless I'm missing something, I'm not selling. + + [https://www.theblockcrypto.com/linked/105543/irs-biden-crypto-transactions-report-10000-tax-gap](https://www.theblockcrypto.com/linked/105543/irs-biden-crypto-transactions-report-10000-tax-gap) \[Edit: Link added\] +I understand it's a marathon and not a sprint but been feeling a bit lost lately and saving for the sake of saving is kind of driving me nuts. I do spend a bit but not as much as I'd like without feeling guilty. + +I don't know which milestone I should hit in my savings before I ease up and spend a bit more. Has anyone gone through this? + +Thanks +Disney releases D+ just in time for the pandemic and is now highly competitive with Netflix which has 182.8 million subscribers globally compared with 104.5 million for Disney as of Q2 earnings report (including Hulu and ESPN, both of which Disney owns) without even launching in all international markets yet and launching Hulu in Europe next year. + +This weekend alone, D+ downloads rose +68% due to Mulan. Most importantly, with D+ launch access to Mulan at $30, they have complete ownership of all sales instead of sharing it with movie theaters. Consumer spending inside the D+ app spiked 193% this weekend. Source: https://finance.yahoo.com/amphtml/news/mulan-disney-plus-downloads-68-percent-weekend-194701349.html + +But the key thing to my thinking is that while Disney’s stock has performed relatively well during the pandemic due to D+, post-lockdown they have pent-up demand for their parks, cruises, and theatrical releases too. They are a lockdown play, a post-lockdown play, and a vaccine play. At every moment, they have a winning play and are highly differentiated with every competitor. The sum is worth a lot more than the parts. Thoughts? + +Edit: Wow didn’t expect this to get such a reaction. Some additional info, sources, and clarifications included +#$SIMP is the #1 coin supporting the adult industry. We're already integrated and being used on 2 platforms, PocketStars and RocketStars platforms. More to come! + + +&nbsp; + + +**Lana Rhoades Ambassador** + +Lana Rhoades is giving us shout out across his social media channels. + + +&nbsp; + + +Here's a taste of how far she can reach: + +16.7 Instagram followers + +1.5M Twitter Followers + +1m Youtube Subscriptions with 5.7m views! + +Tiktok with **2.2bn** views + + +&nbsp; + + +**Pocketstars & Rocketstars On-Ramp** + +We're only 4 weeks old and already integrated onto 2 platforms as exclusive payment processors. We're now building an on-ramp to increase the adoption rate, and have 100% customers using the platform in SIMP - That will result in an extra $24m annual revenue pumping the token's volume. + + +&nbsp; + + +**Chief Operating Officer** + +We've hired a new Chief Operating Officer with tons of Corporate Transformational experience in driving FTSE250 companies to new heights; his vision will be applied to taking $SIMP to a market cap of £100m by end-Jan. + + +&nbsp; + + +**Announcements on the way** + +🚀 CEX listings - In talks and finalising a CEX in the coming days + +🚀 Burn Event - Burning 1bn tokens in 10 days + +🚀 London Underground & New York Billboards already booked and paid for - dates to be announced! + +🚀 Ambassadors - In talks with 2 others; announcements to come once contracts signed + +🚀 NEW Recruits - New hires including PR & Social, Community Managers & Developers + +🚀 Increased Volume - Regular announcements on success of payment processing across platforms ($24m annual volume going through SIMP!) + +🚀 New Markets - Updates on NFT Marketplace as well as other top secret ventures out into the real-world + +🚀 Marketing Wallet - $1.2m Marketing currently sitting in the marketing wallet + + +&nbsp; + + +**The Team** + +The founding leadership team is fully doxed, with experience in the adult industry as content creator (Elle Brooke) as well as marketing, ops and development (for PocketStars and RocketStars). + + +&nbsp; + + +🌐 Where can we connect?: + +Contract Address: 0xD0ACCF05878caFe24ff8b3F82F194C62Ed755707 + +$SIMP Token Website: https://letsallsimp.com/ (whitepaper available!) + +PocketStars Platform Website: https://pocketstars.com/ + +RocketStars Platform Website: https://rocketstars.io/ + +Twitter: https://twitter.com/letsallsimp + +Instagram: https://instagram.com/letsallsimp + +Telegram: https://t.me/letsallsimp + +Subreddit: https://t.me/letsallsimp +So let's see. Ethereum has the developer mind share. The most sophisticated developer tools. Enterprise adoption to the point of a global standard in technology. The most transparent and successful development plan than any other currency. **And a historical scaling solution that can literally make ETH the token of web3.** + +And the market remains silent. + +Hilarious. +hello, + +&#x200B; + +if you were in your late 20s what skill set or investment did you make that help you grow your wealth and assets? trying to know what others have done in the past that help so i can learn and do the same +Unless you want to keep wasting £1.20-1.50 every time you buy. They are a company that makes £80mil net profit and charges a booking fee.if you book through most train providers websites, they dont charge you a booking fee. +Given the cost of living is increasing greatly, I thought Id share an easy one. + +source: search a ticket through trainline web or app vs search same through thameslink railways + +Have you noticed the trend of celebrities purchasing Bored Ape NFTs like it was very cheap? These people are doling out a pile of dollars to purchase these NFTs. Wow. It is starting to feel like it is a competition. + +We all know that this genre of NFTs can't be afforded by the average human like me so we have to make do with affordable variants like Anime NFTs from Goku and so on. + +With the way that these celebrities cough up so much money to buy the Bored Ape NFTs, I am starting to think that it is a class thing and not because they believe in NFTs or in use cases. Am I the only one that thinks this? It is now a show of wealth. +&#x200B; + +[Dark Pools...](https://preview.redd.it/a6mhlqepi0771.jpg?width=570&format=pjpg&auto=webp&s=ebb1bf94d1ea8b9375b7d19ad25c219c6a9d1c1f) + +&#x200B; + +# Dear Apes, + +I'm not smart enough to write real DD. The best I can do is just point out problems that I'm learning about with admittingly VERY limited knowledge that I have, at least at the moment. I'm attempting to gain wrinkles each and everyday. I spend hours reading and trying to learn things. I want to talk about OTC's and Dark Pools. If I have anything wrong here or I misinterpreted things, please let me know but this is just here to point out information for others. + +&#x200B; + +[https://www.investopedia.com/articles/markets/050614/introduction-dark-pools.asp](https://www.investopedia.com/articles/markets/050614/introduction-dark-pools.asp) + +&#x200B; + +# " Dark pools are sometimes cast in an unfavorable light but, in reality, they serve a purpose. However, their lack of transparency makes them vulnerable to potential [conflicts of interest](https://www.investopedia.com/terms/c/conflict-of-interest.asp) by their owners and predatory trading practices by some high-frequency traders. " - Investopedia + +&#x200B; + +&#x200B; + +So here is my opinion. I think the fact these even exist is bullshit. The whole reason these were even created, was to basically allow wealthy and big players to do big moves without "affecting" the market. Basically, they are able to hide what they are doing from the public because they don't want to spook the market. **To me that sounds like, rich people/institutions want to get themselves in the best positions possible without the poor's getting spooked and then pump/dump something down or up to maximize profits. Change my mind.** + +&#x200B; + +&#x200B; + +&#x200B; + +You see if they had to do EVERYTHING on the open market they wouldn't be as profitable because others would see what they are doing. **Not only that but through these vehicles, they can literally control the price of stocks and the market without the public seeing it.** Their HFT machines combined with Dark Pools/OTC transactions at their disposal, they can essentially negate retails buying pressure lets just say our favorite stock. + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +# GameStop's (GME) short interest is over 50% EVERY SINGLE FUCKING DAY and 40 to 60% of the daily transactions are done through dark pools/OTC's. THAT SHIT IS NOT NORMAL!! + +&#x200B; + +&#x200B; + +&#x200B; + +[Off Exchange = Dark Pools \/ OTC - this is just one days example for GME](https://preview.redd.it/89lhkqsuv2771.jpg?width=972&format=pjpg&auto=webp&s=4274c98779a15546c072934705fb70636eff7424) + +&#x200B; + +&#x200B; + +Once you realize they can manipulate the price of a stock at any time, it opens an entire can of worms. That means that the entire markets are essentially just controlled by the 1% and it's all a show. They get to move the pieces where and when they want. When GME moves, it typically is only moving from bigger players who they can't reroute their traffic; they are hiding a huge chuck of retails buying pressure. + +&#x200B; + +&#x200B; + +&#x200B; + +The DTCC- Knows what is happening and wishes this would just go away. They have dragged their feet on these rules for months. They hope and prayed this would just disappear. Retail will get bored they hoped.....now here we are. This is starting to put a strain on the system. My guess is there are hundreds of millions of counterfeit shares of GME and it's Prime Brokers / a couple of Market Makers who are all sweating right now. They have known since probably Dec into Jan how bad this got. They tried to cover it up and hoped it would go away. But guess what......It's worse now. + +# + +&#x200B; + +So here we are......again. New rules about to be in place. Hedgies dumping out of crypto, pumping and dumping stocks through Wall Street Bets to raise additional capital. The DTCC and SEC have been hoping this would get swept under the rug to they can continue business as usual. Problem is, it's fucked. + +&#x200B; + +&#x200B; + +# Apes are an immovable object now who aren't going to blink first. They know the truth and are unwilling to be shaken from their positions. + +&#x200B; + +# + +# + +So these Dark Pools and Over the Counter (OTC) are a real fucking problem. Their lack of transparency and ability to completely manipulate stock/markets for months at a time. That shit has got to go.They" tried to cheat and lie back in Jan. "They" lied to our Politicians. At this point, I'll hold FOREVER if it means exposing their corruption. + +&#x200B; + +# They only have one way out at this point. They either let it MOASS or Apes rip apart the system piece by piece. The longer they let this continue, the closer their house of cards is to being toppled. Apes numbers are growing each day. Regular people are asking questions about the market and these "meme" stocks (Which really should be called illegally shorted to fuck stocks) and it's getting worse each day. I keep buying each and every time I have money. I'll do it forever. + +&#x200B; + +&#x200B; + +&#x200B; + +Fuck this accepted "Dark Pools" and OTC's have a purpose defense. GameStop is joining the Russell 1000. Half of it's volume shouldn't be going through off the market exchanges that do not allow price discovery. The market's are fucked. I trust the DTCC, SEC, Market Makers, Prime Brokers and Banks as far as I can throw them. We need reform. That means we need new politicians. We need these greedy fucking pigs on Wall Street out of politics so we can clean up this mess. + +&#x200B; + +&#x200B; + +# TLDR: Dark Pools and OTC's are bullshit. Real non-penny stocks like GME should be traded on major exchanges for fair price discovery. I'm HODLING until stupid money and change. Fuck those guys....fuck them up their stupid asses.... + +&#x200B; + +&#x200B; +My kids are going into 1st & 2nd grade. I just made an excel sheet of all of the supplies they "need" according to the school. I was absolutely dumbfounded. In the 4th grade level and higher, it notes that you can use any good supplies from last year....but because the younger grades do "communal" supplies, everything has to be the same brand and new in the box. + +*I know it's not the teachers fault. There are deep rooted flaws in our entire K-12 education system* The teachers don't even make these lists, it's on the school district website. + +I'm just venting about how wasteful it is that my kids who had communal supplies last year in K/1 came home with pencil pouches FULL of stuff (barely used, btw) that now is somehow obsolete? Why don't the teachers just save this stuff, go through what is usable, and then only ask for what they actually need if everything is communal. + + +We could easily save $50-70 off their lists if we could reuse the stuff from last year that's still peacefully sitting in their backpacks. It's exhausting. That money could be so much better used elsewhere. + +The Indian power/electricity sector has been one of the worst performing sectors over the last decade. Most companies have given 0 to negative return over the last 10 years (Tata Power, NTPC, NHPC), a few companies are debt laden and have been classic examples of wealth destroyers (Reliance Power and Suzlon) and even the most efficient companies have given returns lower than a FD (Torrent Power). + +The underperformance of the Indian power sector can be attributed to + +Poor capital allocation and heavy debt undertaken by the companies + +The problem of counter-party risk for power generators from DISCOM (distributor companies) + +Sector overvaluation in the early 2010’s. + +Let us understand the power sector in India - + +Power as a sector in India - The Indian power sector can be broadly divided into Power Generation, Transmission and Distribution (GET&D). All other companies and sectors are ancillary to the above three subsegments. + +Power Generation - The Overall generation (Including generation from grid connected renewable sources) in the country has been increased from 850 BU during 2010-11 to 1381.855 BU during 2020-21 a CAGR growth of around 5%. India’s primary energy demand is expected to grow at a CAGR of 4.2% till 2040 faster than any major economy. + + +Of the total installed capacity in India, a majority comes from conventional thermal energy. Thermal energy contributes 61.3% of total installed capacity. Thermal energy consists of Coal (53%), Lignite (1.7%), Gas (6.5%) and Diesel (0.1%). + +The balance comes from Hydro (Renewable) - 12.2%, Nuclear 1.8 % and Renewable Energy Sources - 24.8 % (Small Hydro Project, Biomass Gasifier, Biomass Power, Urban & Industrial Waste Power, Solar and Wind Energy). + +By 2030, renewable energy is expected to contribute around 55% of India’s total power capacity from the current 37%. + +Transmission - The natural resources for electricity generation in India are unevenly dispersed and concentrated in a few pockets. Transmission, an important element in the power delivery value chain, facilitates evacuation of power from generating stations and its delivery to the load centres. For efficient dispersal of power to deficit regions, strengthening the transmission system network, enhancing the Inter-State power transmission system and augmentation the National Grid and enhancement of the transmission system network are required. + +Distribution - Distribution is the most important link in the entire power sector value chain. As the only interface between utilities and consumers, it is the cash register for the entire sector. + +Large Indian companies in Power and ancillary sectors - + +Adani Green Energy Limited - 1,59,436 crores - Largest green energy player in India (after acquisition of SB Energy) + +Power Grid Corporation of India - 1,20,457 crores - Largest transmission player in India - 45% market share in transmission + +NTPC Limited - 1,14,227 crores - Largest Power generator in India - 22.4% market share. + +Adani Transmission - 1,10,036 crores- One of the largest private sector transmission players in India - + +Adani Power - 42,253 crores - Electricity generation and distribution - 3.8% market share + +Tata Power - 39,766 crores - Electricity generation and distribution - 4.1% market share + +JSW Energy - 27,574 crores - Electricity generation and distribution - + +NHPC - 26,218 crores - Hydro-electric power generation - 15% market share in hydro-electric power generation + +Torrent Power - 22,839 crores - Electricity generation and distribution - 1.6% + +Indian Energy Exchange Limited - 11,889 crores - Indian energy exchange is the largest energy exchange which provides an automated platform and infrastructure for carrying out trading in electricity units for physical delivery of electricity. + +SJVN - 11,102 crores - Electricity generation and distribution - 0.7% + +CESC - 10,527 crores - Electricity generation and distribution - 4.1% + +Renewable/ Green Energy Sector - + +Global Tailwinds for Green Energy - + +The new Biden administration in US officially rejoining the Paris Climate Accord, renewing its commitment to achieve zero net emissions by 2050. This represents a boost for the renewable energy sector given that US is the second largest emitter of greenhouse gases. + +Domestic Tailwinds for Green Energy - + +Hydro-power - Hydropower has been the dominant source of renewable electricity in India for a long time. In the late 1970s hydropower alone accounted for around 40% of total electricity generation, hydro-power market share has fallen rapidly due to larger capital requirements, delays in construction of dams due to environmental and political concerns and increased availability of coal which is cheaper. The future prospects for hydro-power are very limited. + +Solar and wind energy - Solar and Wind energy are the flag bearers of the entire renewable space and is expected to lead the entire Green Energy space. While he prices of fossil fuels have increased over the years, solar energy costs have been declining, having achieved grid parity a few years ago, accelerating the traction for this clean energy source. India’s solar energy potential is more than 21x its existing capacity, India’s wind energy potential is more than 9x its existing capacity signalling a multi-decadal opportunity in the renewable space. + + +Bioenergy - The principal source is co-generation units using bagasse residues from India’s large sugar industry. Using biomass for power generation is a more sustainable use of bioenergy resources than the traditional use in households. + +Market Size - As of 31st March, 2021, India’s installed renewable energy capacity was 94 GW; solar and wind energy capacity comprised 40 GW and 39 GW respectively. Biomass and small hydro power constituted ~10 GW and 4.78 GW respectively. India’s installed renewable power capacity increased at a CAGR of 17.33% between FY14 and FY20. and is expect to grow at a similar CAGR from 2021-2030 as the Indian Government aims to add 360 GW by 2030. + + +Investments in the Indian Energy/Renewable energy - + +From 2000-2020, India’s renewable energy industry saw FDI inflows worth US$ 9.68 billion. + +Below are the key recent deals in Indian energy and renewable energy space - + + +Market size, Structure and Key players - Of the top 10 renewable players in India, 2 are listed in India and 2 are listed in the US. + +Adani Green's takeover of SB Energy consolidates it's position as the largest green Energy player in the country and amongst the top 5 players in the world. Among the other listed players, Tata Power is another large player in the renewable energy space. + +Renew Power is the second largest player and got listed via SPAC on NASDAQ. Azure Power is another Indian player listed in the US. Below is the list of large global and Indian players in renewables space along with their net capacities. + + +Adani Green and SB Energy is now complete, making Adani Green the largest Indian and 5th largest global player . +Valuations and conclusion - The valuation gap between energy stocks in India and US is enormous. While most energy stocks (ex-Adani) in India trade at very modest valuations despite having decent renewable and non-renewable assets, valuations of Azure Power and Renew Power are at a premium valuation. + +Renew Power trades at 13.6 EV/EBITDA when compared to other Indian Listed companies, the global average is at 14.9 EV/EBITDA as shown below. + + +Global companies are trading at a median valuation of 14.9 times EV/EBITDA whereas Indian companies listed in USA are trading at a valuation closer to times EV/EBITDA. + +Indian companies (ex-Adani) trade anywhere from 6.7x to 10.3 EV/EBITDA, a discount of 50-100% to their renewable energy peers. + +Indian Listed players have also started building up renewable capacities and trade at modest valuations. + +Tata Power trades at 10.3 EV/EBITDA + +NTPC trades at 7.57 EV/EBITDA + +Torrent Power trades at 8.14 EV/EBITDA + +While the argument that pure-play renewable Indian companies should trade at a premium against conventional power companies is valid however most pure play renewable Indian companies have taken large debt to fund the expansion space. + +Azure and Renew Power have 4x Debt to Equity which leaves little margin of error and the companies will have little to no free cash flow at least for the nearer future. + +In India, most power companies are more conservative in nature, have been swiftly adding newer capacities in the renewables space and many have an earnings yield greater than the government yield of 6 percent. + +Debt Equity ratio - Tata Power - 2.24, Torrent Power - 0.66 and NTPC 1.57. + +Earnings Yield - Tata Power - 6.30%, Torrent Power - 7.93% NTPC - 9.16% + +Conclusion - The majority of points which resulted in underperformance of power sector has been resolved. + +Indian power companies have become better capital allocators and have become more conservative in taking debt. + +Government has made efforts to improve DISCOM which has reduced counter party risk including liquidity infusion of 15 billion USD in 2020. + +The sector is at historical low valuations + +India’s power demand growth till 2040 is going to be highest of any large economy coupled with the rapid growth of green energy, low valuations and predictable growth in revenue and profitability makes it a prime candidate for rerating in the long run. + +Disclosure - Currently monitoring some stocks in the theme, not invested in any of the power companies. +https://imgur.com/a/7u2yAYX + +Says it changes his life. Imagine buying into a shit meme in high school and having close to a million dollars after working your whole life. This guy was seriously in the pits trying to provide for himself bartending. + +Just shows how liberating crypto can be. Just one of those wildcard things that can be life changing... + +Edit: here is the 'story' for those wondering: He remembered he had some shitcoins on his hold highschool laptop so he logged on and found his dogecoin core wallet that sync'd up to 2.5m DOGE. After he found it he went to a trusted financial planner and said "I have $750k USD in Dogecoin. What do I do with it" the financial planner said "you know how the class system works in america right?... Well, Fuck 'em" +Elon Musk tweeted Thursday that The Boring Company received "verbal" government approval to begin building an underground Hyperloop, saying it would take "29 minutes" to go from New York to Washington, D.C. http://www.cnbc.com/2017/07/20/elon-musk-says-he-got-verbal-govt-approval-for-hyperloop-between-ny-and-dc.html +Laurus Labs is an integrated research and development driven pharmaceutical and biotechnology company in India. + +**Corporate office** - Banjara Hills, Hyderabad. + +## Brief history / Key events +* 2005 - Laurus Labs was started. +* 2016 - Successfully launched their IPO. +* 2021 - Richcore Lifesciences was acquired and renamed as Laurus Bio (subsidiary of Laurus Labs). + +## Market overview +* The world's population is set to continue to rise, with aged people population expected to double in 2050 and make up almost 16% of population. +* The increasing aged population and changes in lifestytes could lead to increase in chronic non communicable diseases such as heart diseases, cancer and diabetics. +* Due to improved economic situation and urbanisation, people are better informed and avail access to medicines and surgical procedures. +* Global pharmaceutical manufacturing is expected to grow at CAGR 13.74% in the period 2020-27. +* India fulfills 20% of global demand for generic medicines in terms of volume. +* India also supplies over 60% of global demand for various vaccines and Antiretroviral (ARV) drugs. +* Indian generics industry can benefit substantially from the **patent cliff** as patents for branded molecules (worth global sales of more than $ 251 billion) are expected to expire between 2018 and 2024. +* **Supply disruption from China**: Chinese players have been forced to shift their manufacturing facilities inland and outside the cities as the government continues to crack down on polluting industries. +* There is also an increasing preference to reduce dependency on China for API products. +* Competitiveness of Chinese players would reduce to a certain extent going forward as their cost of production increases. +* Moreover, the Covid pandemic has forced governments to de-risk their supply chains by on-shoring and strengthening domestic capabilities. +* To increase competition in the market, US FDA has significantly ramped up the pace of product approvals under the Generic Drug User Fee Act (GDUFA). The increased competition has led to significant price erosion impacting per product economics in the market. On the other hand, this will also help pharma companies in getting faster approvals and expanding their portfolio offering. + +## Product mix / business segments of Laurus Labs + +* Laurus Labs started their journey from an ARV API company to API company and now to a full blown pharma company. +* They currently manufacture generic Active Pharmaceutical Ingredients (APIs), with a major focus on anti-retroviral, Hepatitis C, and oncology drugs. +* They supply to various multinational pharmaceutical companies across different parts of the globe. +* They are also involved in Contract research and manufacturing services (CRAMS). +* They produce specialty ingredients for nutraceuticals, dietary supplements and cosmeceuticals. + +### Laurus Generics (API) + + * Laurus Generics is all about development, manufacture and sale of APIs and advanced intermediates. + * This segment contributes to 54% of overall revenue (FY20-21). + * Products in this category: + * Anti-retroviral + * Anti diabetic + * Cardiovascular + * Proton pump inhibitors (PPI) + * Oncology + +### Laurus Generics (Finished Dosage Form (FDF)) + +* This segment deals with development and manufacture of oral solid formulations. +* 35% revenue contribution in FY20-21 +* Has a strong order book in all geographies. + +### Laurus Synthesis + +* Laurus Synthesis is involved in producing key starting materials, intermediates and APIs for New Chemical Entities (NCEs). +* 11% revenue contribution in FY20-21. +* Laurus Labs have added two big pharma companies under this segment during the last financial year. +* Synthesis is focused on Contract development and manufacturing services for global pharmaceutical companies and several late-stage projects. +* They also have a steroids and hormone manufacturing capability. +* In addition, they do sale and manufacture of specialty ingredients for use in nutraceuticals, dietary supplements and cosmeceutical products with natural extraction capability. + +### Laurus Bio +* Involved in making Recombinant products - animal origin free products for safer and viral free bio manufacturing. +* Laurus Bio provides them access to bio based technical expertise (used in Vaccine, insulin, biologic manufacturing) and enzymes bio-catalysis (Green API process). +* During the year, Laurus Labs acquired 72.55% stake in Richcore Lifesciences from two private equity funds and the company was renamed as Laurus Bio Private Limited. +* This was a strategic diversification, an attempt to enter high growth areas of recombinant animal origin free products and scaling up their existing CDMO. +* In addition to diversification, it also yields substantial synergies, as they have three distinct equally split revenue streams - biotech, enzymes and CDMOs and is also building a large fermentation capacity. +* Laurus Labs are in the process of adding incremental capacities towards CDMOs, providing mutual benefits to each other. Laurus Labs' wide customer base, geographical footprint and strong chemical skills and Richcore's expertise in biotechnology and fermentation capacity can help take Laurus Labs to the next level. + +### Manufacturing facilities +* Laurus Labs has seven modern manufacturing facilities in Visakhapatnam, one API facility in Bibinagar near Hyderabad and a Kilo Lab facility in R&D Centre, Hyderabad. + + +## Business analysis + +### Strengths +* Pharma industry has some of the most stringent regulatory expectations, providing an entry barrier to new competition. +* Laurus' facilities are certified and approved by USFDA, WHO, NIP Hungary, KFDA, COFEPRIS, PMDA, ANVISA and JAZMP, allowing their global clients to conduct business with them with relative peace of mind. +* As it is, Laurus currently supplies APIs to nine of the 10 largest generic pharmaceutical companies. +* It is also a major supplier for ARV APIs to other ARV manufacturers and finished drugs in several LMIC markets. +* Laurus is supplying to 80% of the players who participate in ARV tenders. +* **Focus on R&D** - Laurus spends 4% of revenue on R&D, hoping to build on their leadership position in APIs like antiretroviral drugs (ARVs), cardiovascular (CVS) and oncology. + +### Weaknesses +- They could potentially have a customer concentration risk, as their top 5 customers contribute to a major share of their revenue. +- As with all companies who export their products, their global revenue is exposed to foreign exchange fluctuations. +- Weakness in emerging market currencies will impact their earnings potential. + +### Opportunities + +* The possibility of significant revenue loss due to impending **patent cliff** has forced major pharmaceutical companies worldwide to outsource part of their research and manufacturing activities to low-cost countries like India. +* Some of these outsourcing services are from providers in the form of contract research organisations (CROs) and contract manufacturing organisations (CMOs). +* Laurus Labs have been adding capacities in CDMOs in anticipation of this, putting them in comfortable position to take advantage of such patent cliff driven manufacturing contracts. +* **Production Linked Incentive Scheme** - the Indian government has announced PLI scheme to boost the API industry in India. This scheme is in line with the government’s emphasis on building an Aatmanirbhar Bharat (self-reliant India) + +## Financial statements + +### Profit and loss + +| Narration | Mar-17 | Mar-18 | Mar-19 | Mar-20 | Mar-21 | +|-------------------|------------|------------|------------|------------|------------| +| Sales | 1,904.65 | 2,056.17 | 2,291.92 | 2,831.72 | 4,813.51 | +| Expenses | 1,496.89 | 1,642.33 | 1,935.15 | 2,266.42 | 3,262.22 | +| Operating Profit | 407.76 | 413.84 | 356.77 | 565.30 | 1,551.29 | +| Other Income | 32.26 | 28.67 | 15.36 | 5.17 | 23.05 | +| Depreciation | 105.98 | 125.45 | 164.19 | 187.27 | 205.07 | +| Interest | 99.90 | 79.64 | 88.19 | 89.59 | 68.16 | +| Profit before tax | 234.14 | 237.42 | 119.75 | 293.61 | 1,301.11 | +| Tax | 43.86 | 69.81 | 25.99 | 38.34 | 317.29 | +| Net profit | 190.28 | 167.61 | 93.76 | 255.27 | 983.58 | +| EPS | 3.60 | 3.16 | 1.76 | 4.77 | 18.33 | + + +### Balance sheet +* No equity dilution since the IPO in 2016. +* There has been big capex in 20-21 towards de-bottlenecking and capacity expansion. +* There has been increase in inventory and trade receivables but it is in line with increasing revenues. + +### Cash flow statement +- Net cash flow from operations has been positive over the years. +- They have spent heavily this year towards acquisition of Laurus Bio as well as towards expanding capacity. +- To fund the capex, they have borrowed quite a bit, impact of which has to be considered in the future. + +### Profitability, capital and efficiency ratios + +| Narration | Mar-17 | Mar-18 | Mar-19 | Mar-20 | Mar-21 | +|------------------------------------|--------|--------|--------|--------|--------| +| OPM | 21.41% | 20.13% | 15.57% | 19.96% | 32.23% | +| PAT Margin | 9.82% | 8.04% | 4.06% | 9.00% | 20.34% | +| Return on Equity | 14.30% | 11.35% | 6.04% | 14.46% | 37.94% | +| Return on Capital Emp | 16.74% | 13.70% | 8.24% | 14.11% | 39.58% | +| Return on Assets | 10.59% | 7.82% | 4.84% | 8.93% | 21.68% | +| Interest coverage ratio | 3.34 | 3.98 | 2.36 | 4.28 | 20.09 | +| Debt to Equity ratio | 0.63 | 0.66 | 0.67 | 0.61 | 0.57 | +| Debt to Asset ratio | 0.32 | 0.32 | 0.31 | 0.29 | 0.26 | +| Financial leverage ratio | 2.30 | 2.02 | 2.10 | 2.13 | 2.18 | +| Inventory Turnover ratio | 3.74 | 3.52 | 3.36 | 3.13 | 3.06 | +| Inventory no. of days | 97.55 | 103.81 | 108.60 | 116.68 | 119.46 | +| Accounts receivable turnover ratio | 3.36 | 3.60 | 3.23 | 3.58 | 3.69 | +| Days Sale Outstanding | 108.77 | 101.29 | 113.06 | 102.01 | 99.04 | + +## Shareholding patterns +| | Jun-18 | Sep-18 | Dec-18 | Mar-19 | Jun-19 | Sep-19 | Dec-19 | Mar-20 | Jun-20 | Sep-20 | Dec-20 | Mar-21 | +|-----------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------| +| Promoters | 32.06 | 33.4 | 33.5 | 32.77 | 32.82 | 32.73 | 32.58 | 32.04 | 32.13 | 32.12 | 28.76 | 27.45 | +| FIIs | 10.85 | 9.25 | 8.07 | 12.77 | 12.35 | 12.52 | 10.52 | 11.29 | 16.06 | 20.74 | 19.92 | 20.68 | +| DIIs | 38.74 | 38.45 | 38.31 | 31.86 | 32.21 | 32.15 | 32.09 | 31.59 | 8.81 | 6.34 | 4.08 | 3.56 | +| Public | 18.35 | 18.89 | 20.13 | 22.6 | 22.62 | 22.6 | 24.8 | 25.08 | 43 | 40.79 | 47.24 | 48.31 | + +* There is decrease in the promoters' shareholding over the last two years. +* DIIs have also substantially decreased their shareholding over the same time period. + +## Management +* The management has a calibrated approach and are attempting to seize an advantage by expanding capacities and de-bottlenecking to establish their current leadership position. + +## Valuation comparison with other pharma companies + +| Sl no | Name | EV / EBITDA | P/E | CMP / Sales | CMP / BV | +|-------|------------------|--------------|-------|--------------|-----------| +| 1 | Divi's Lab. | 40.32 | 60.47 | 17.22 | 12.91 | +| 2 | Gland Pharma | 37.4 | 56.92 | 16.39 | 9.61 | +| 3 | Sequent Scien. | 32.91 | 70.13 | 5.22 | 9.78 | +| 4 | Shilpa Medicare | 24.49 | 30.74 | 5.04 | 3.07 | +| 5 | **Laurus Labs** | 24 | 36.95 | 7.55 | 14.03 | +| 6 | Hikal | 21.23 | 48.67 | 3.77 | 6.94 | +| 7 | Lupin | 19.97 | 43.3 | 3.47 | 3.82 | +| 8 | Aarti Drugs | 15.96 | 24.08 | 3.13 | 7.39 | +| 9 | Granules India | 10.11 | 15.35 | 2.61 | 3.88 | +| 10 | Marksans Pharma | 9.66 | 14.77 | 2.56 | 3.98 | +| 11 | Jubilant Pharmo | 8.11 | 13.78 | 1.89 | 2.43 | + + + +## Closing thoughts + +* Laurus Labs have commissioned a large scale fermentation capability, with plans in place to acquire more land for further expansion. +* They are also expanding into other therapeutic areas such as cardiology and anti-diabetic drugs. +* In the ARV space, they are moving from first line drugs onto second line treatments - Lopinavir, Ritonavir and Darunavir) for HIV-AIDS patients. +* Laurus Labs is moving up the value chain into formulation business, what with the higher capacity/ANDA pipeline build-up for the US market. +* Having a broad product portfolio, high quality operations and a steady stream of new product launches across the markets, and a robust order book and large capacity addition by end of next year, there is enormous scope for Laurus Labs to become a fully integrated player in pharmaceutical and biotechnology space and could be a force to be reckoned with in the pharma space. + +## Sources and further readings + +* [Annual Report FY20-21](https://www.lauruslabs.com/Investors/PDF/Disclosures/Annual-Report-FY-2020-21.pdf) +* [Q4 Investor presentation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/21ae6eee-fe1d-4fa0-a4cc-c4b16231e212.pdf) +* [Q4 Investor concall transcript](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6cb8d219-61e3-486a-82ca-4609a74f32ca.pdf) +* [Valuepickr thread on Laurus Labs](https://forum.valuepickr.com/t/laurus-labs-can-business-transform-to-next-level/19377/480) +* [Laurus Labs Screener data](https://www.screener.in/company/LAURUSLABS/consolidated/) +I know everyone is a bit shaken by today, and I’ve seen many people complaining that there must be some paper handers amongst us. But if you look at the evidence, THAT ISNT A PROBLEM. + +WE ARE ACTUALLY FUCKING CRUSHING IT. + +It’s genuinely incredible. And it deserves to be said. It is *astounding* the uniform resolve people are showing right now. + +The price action today is complete bullshit, short ladder attacks mostly. And we are getting to the end of their bag of tricks. + +I’m not even worried anymore, and I almost never trust crowds. But when you look at the volume you see that we are overwhelmingly DIAMOND HANDED MOTHERFUCKERS. + +Y’all have amazed and inspired me. I am going to sleep well. + +And when the hedge funds inevitably break because they basically have to, I am excited to have a beer on Mars with some of y’all. + +Cheers to becoming astronauts together. 🚀 🚀 🚀 +I posted to this sub about two weeks ago when I was really anxious and depressed, and you all helped me a lot. Thank you. + +Well, things have only gotten worse since then. I am not checking my portfolio as obsessively anymore, but when I do, it is blood red and I feel sick to my stomach. I wish I had never started investing. Once this is all over, I think I am turned off from investing forever and back to just having my savings sit in the bank and do nothing. I can't take this. + +Just to recap, I started investing at the end of January. Put about 75% of my money into it, buying at ATHs like a complete f--ing idiot: + +• SCHG (50%) + +• ARKs, all of them, yikes (20%) + +• Now-dying stocks, like BB and PLTR (5% total) + +• Cash (25%) + +The sum of all this money constitutes my life savings (\~$22k) that I earned from years of dead-end jobs and saving meticulously. I thought I was being "smart", but I am clearly just bad at investing. I have been unemployed since last year covid and a huge medical emergency and was tired of my money doing "nothing", so wanted to invest it. Bad strategy and bad timing. + +I am sitting on massive losses right now, and being completely honest, I feel like these stocks will only plummet more. I don't see BB going back up to $20+. ARKK is looking more like Janus Twenty than ever. I bought in industries I actually liked and believed in (which is why I didn't buy AMC or RKT, despite the temptation), but clearly that wasn't good enough. + +Because this is my first year investing, I have never paid taxes on capital gains / losses. I have heard I can write off a max of $3000 as a loss … what does that mean, exactly? What happens if I cash out now with a loss more or less equal to that? + +Thanks all. +Why on earth would being a moderator of a sub on a website give you a power trip. You need to get your head out of your ass and back down in reality and do the right thing, step down. Don’t shit on everything everyone has contributed to this sub for your own ego trip. You made a mistake. Make it as right as you can moving forward. +Not sure why there's FUD following Biden administration's plan for crypto transfers over $10K be reported to the IRS from 2023. This is good news in a bad week for crypto. IMO the US gov just admitted crypto is here to stay. + +Unless I'm missing something, I'm not selling. + + [https://www.theblockcrypto.com/linked/105543/irs-biden-crypto-transactions-report-10000-tax-gap](https://www.theblockcrypto.com/linked/105543/irs-biden-crypto-transactions-report-10000-tax-gap) \[Edit: Link added\] +I’m not talking financially, we all can do the math. I’m talking mentally “made financial independence”. + +I’ve been FIRE for 5 years and Fat FI for 3+. I got bored and bought a business then sold it last summer. Now I just coach high school freshman basketball in a good program where I’m seen as a competent 51 year old that knows the game. + +Yesterday, my freshman (14/15,year old boys) basketball team lost to an inferior opponent. I couldn’t sleep until 4am when I realized “I f’g made it.” +Am I the only one thinking damn, I wish I had more money to invest in ETFs right now, as this recession looks like big discount and markets can't go any lower. + +Or am I too optimistic and everything is doom and gloom? +Here I am not thinking about developers but landlords who buy property to rent out. Considering that they did not design, build, plumb, or contribute in any other way to the development of the housing, are these people not extracting wealth without creating any? + +People talk about interest rates cooling down the housing market and causing the prices to drop due to reducing demand, eventually making them more affordable to some extent since a downpayment will be easier to save for. + +The part that confuses me is: what’s stopping highly wealthy corporations and investors who pay all cash from taking advantage of the crash and buying these homes at a discounted price? The high interest rates don’t really affect them since they won’t need to pay a mortgage. So then they would be limiting the supply of homes available for sale and driving up the prices even more, which forces more people to rent and also increases the prices on that side due to high demand. Win-win for them, loss for everyone else. + +Is there more to it than what I think? What prevents this from happening and why didn’t it happen on a larger scale back when interest rates were high and house prices were low? (Especially in the 80’s) + +Technically they do still do it, but nowhere near the same massive scale I figured it would be, otherwise there would be virtually no supply at all and prices would still be rising even with the interest rates. +In my day job, I've got minor exposure to the investment space in this country yet the number of times I’ve been given ‘maybe don’t trade on this information’ type information is a joke. I don't act on it as I'm a boring ETF man but what chance do us retail investors have if institutional investors are always sharing information with each other that’s out of reach of us peasants? +Need advice on curbing my partners spending? + +Background, my partner and I only knew each other for a few months before she got pregnant, not wanting to have a split home/family we've made it work and we're going strong with our second on the way soon. + +I've come from nothing, had nothing growing up, just having a roof over my head or food on the table was a daily struggle. + +I make around 140K a year, but rent and the cost of living is eating my wages as we try to save for a house. + +My issue is, my partner is from a wealthy family, always had what she wanted/needed. + +When I get paid (monthly) and we go shopping my partner looks at what she wants, not what we need, when I put money in our joint account, it's gone on random things "we need" (hint we definitely don't need). + +When I get a bonus, extra money or even some of my paycheck, I hide it in other accounts, just to build our savings quicker. + +My question is, does anyone else have a spender holic partner? If so, how do you curb it/stop it? + +I've already spoken to her about it, however, there is no change. + + +Edit: +We have a weekly/monthly budget, I have a spreadsheet that's goes red or green depending on how we're doing. + +However, what I mean is, if we're 100/300 under budget, she looks at that as we have 100/300 to spend, when I look at it as, if we could do this every month, that's an extra 1-3K per year in the bank. + +Or when her tax return came in, she was already spending it, before she had even gotten it. + +I am tight with our money, but we could be a lot tighter. + +Lastly the point I was trying to make that we only knew each other for a few months is, I didn't know that she was financially illiterate, other than that our relationship is fine and prospering. I know that is alarm bells and concerns for people, however my thought process is we can try and fail and still only see my daughter for part of the year, or it could work out and I could see her everyday (which is massive for me) +https://fortune.com/2020/08/23/amazon-coronavirus-taxes-local-governments/ + +The coronavirus pandemic has brought new scrutiny to the way in which Amazon treats its warehouse workers, whose exhausting, precarious positions now come with a decent chance they’ll be exposed to a deadly virus. And yet, Amazon is going gangbusters to expand its network, opening new facilities all across the country with the aid of compliant cities and states and little recognition of Amazon’s devastating impact on local economies. + +In North Andover, Mass., for instance, Amazon recently received $27 million in public funding to build a new warehouse. In Windsor, Conn., it was $8.8 million. The property taxes for a new Amazon distribution center in Glenwillow, Ohio, will be reduced by nearly half for 15 years. And the e-commerce giant is receiving taxpayer dollars for distribution facilities in Whiteland, Ind., and Arlington Heights, Ill., too. Overall, Amazon has received nearly $3 billion in subsidies from state and local governments. There are surely other handouts in the works. +Bombardier Recreational Products (BRP) reported their highest quarter of sales in the company's history. + +Seadoos, boats and ATVs showing strength and orders for ski-doos strong for the winter season. + +The reality is that the demand for these fun outdoor machines is strong even in a tougher economy. + +https://preview.redd.it/q5xe64fzeun91.png?width=1270&format=png&auto=webp&s=166a669b627f60462d1165aef598bb4d6e426dff +Im not sure if this applies in the world of stock trading but I would like to know what was the factor or combining factors that made things click in your mind. If you dont mind sharing, what was the thing or things that you were struggling with and how did you solve those issues? +**Post 1: Basics: CALL, PUT, exercise, ITM, ATM, OTM** + +[Post 2: Basics: Buying and Selling, the greeks](https://www.reddit.com/r/investing/comments/hdg9xc/how_to_not_get_ruined_with_options_part_2_of_4/) + +[Post 3a: Simple Strategies](https://www.reddit.com/r/investing/comments/hgomwv/how_to_not_get_ruined_with_options_part_3a_of_4/) + +[Post 3b: Advanced Strategies](https://www.reddit.com/r/investing/comments/hgp05y/how_to_not_get_ruined_with_options_part_3b_of_4/) + +[Post 4a: Example of trades (short puts, covered calls, and verticals)](https://www.reddit.com/r/investing/comments/hlb9ns/how_to_not_get_ruined_with_options_part_4a_of_4/) + +[Post 4b: Example of trades (calendars and hedges)](https://www.reddit.com/r/investing/comments/hu8uh9/how_to_not_get_ruined_with_options_last_post_part/) + +`---` + +I wanted to chat a bit about options here. I realize that there are already plenty of articles about options that you can find online, but many are either overly complex, oversimplified, trying to sell you some products, etc. I figured I would explain some of it here, in order to reduce the learning barrier. After all, knowledge is power. And given the **recent** [event](https://www.thestreet.com/investing/young-robinhood-trader-kills-himself-over-730000-loss) **with Robinhood**, I figured it is worth repeating how options work so you understand what is happening under the hood, and don’t end up taking too many risks and making mistakes that you could regret later. If you are interested in trading options, I invite you to look for more details online. + +I have been trading options since 2008. I made some mistakes, so many, especially in the beginning. Over the years, I kinda reduced my option trading activities, but these past few months, I have been doing it much more as there are so many opportunities and the market is so volatile, which helps with my trading style. + +This **first** post is to explain how options work in general, the [second](https://www.reddit.com/r/investing/comments/hdg9xc/how_to_not_get_ruined_with_options_part_2_of_4/) post will go into some more details, the third posts [3a](https://www.reddit.com/r/investing/comments/hgomwv/how_to_not_get_ruined_with_options_part_3a_of_4/) and [3b](https://www.reddit.com/r/investing/comments/hgp05y/how_to_not_get_ruined_with_options_part_3b_of_4/) will explain some standard strategies, and the fourth posts ([4a](https://www.reddit.com/r/investing/comments/hlb9ns/how_to_not_get_ruined_with_options_part_4a_of_4/) and [4b](https://www.reddit.com/r/investing/comments/hu8uh9/how_to_not_get_ruined_with_options_last_post_part/)) will give some examples for my recent trades with gains and losses and how I approach option investing. If you are looking at r/wsb style of investment, please skip these posts, they are not for you. I am a relatively conservative investor and will avoid pure gambles, but I will still take some calculated risks. So I say. :) It is fair to say that most of my money is invested in standard ETFs / mutual funds / Real Estate. So, my option play represents only a percentage of my overall wealth. + +It is often perceived that options are extremely risky, and one of the best ways to get ruined. For some trades, this can be true. To dispel a myth, in reality, options can also be used to be extremely conservative. Even to a point where you barely make any money at all in any market. Unlike for shares, where you can only control the diversification, with options you have a much bigger control on the risk / profit profile. Time and volatility is also a factor that you can profit (or lose) from. + +One thing to note is that not all companies or ETFs provide options for their shares. + +**The basics: CALL and PUT contracts, strike, and exercise** + +Options are split into two groups: CALLs and PUTs. Both have a strike, an expiration date, and a number of shares attached to it. We’ll talk about the exercise and expiration date a bit later. When you buy a call or put option, you buy a contract with a 3rd party through your broker and the stock market. Usually, one contract represents 100 shares. + +The strike corresponds to a share price for the underlying instrument. So for SPY that is worth $308 today, you will have options with strike $308, but also $300, $301, $310, etc… From $5 to $525. Options strikes are created as the underlying instrument SPY goes up and down. For SPY, strikes have a granularity of $1 around the share price, but can also be $5 or even $10 farther from the current price. Some other instruments have a $2.5, $5 or even $10 granularity. It can even have a $0.50 granularity. (Hello Hertz! It dropped so much that the lowest strike is $0.50 right now). + +A CALL is a contract that allows the buyer to buy a number of shares at a given strike price before an expiration date. If you buy a call with a $150 strike, and the share price went up to reach $200, this allows you to buy some shares at $150 that are now worth $200. The action of exchanging your call against some shares that you bought at the strike price is called exercising the call. When you exercise your call contract, you are buying shares into your account. + +Remember that, in most cases, 1 contract will buy 100 shares in your account. When exercising each call contract, you will need $15k of cash in your account in this example ($150 for the strike, multiplied by 100 shares). And the same 100 shares are now worth $20k (at $200 for each share). Not accounting for the price you paid for the call option (more on this later), this means you will make a profit of $5k if you sell the shares. + +Conversely, a PUT is a contract that allows the buyer to sell a number of shares at a given strike price before an expiration date. If you bought a put with a $200 strike, and the share price went down to $150, this allows you to sell some shares at $200 that are now worth $150 each. Similarly to a call, the action of exchanging your put against some shares that you sold is called exercising the put. + +When exercising each put contract, you are selling 100 shares from your account. When exercising each contract, your 100 shares will be sold for $20k ($200 for the strike multiplied by 100 shares). And the same 100 shares are now worth $15k (at $150 for each share). Not accounting for the price you paid for the put option, this means you made a profit of $5k. If you did not have the 100 shares per contract in your account, you would be actually short selling the shares, and you could make the $5k profit by buying these shares back. + +In summary, a call buys shares when exercising. A put sells shares when exercising. Most importantly, in the vast majority of the cases, you should actually not exercise your contracts, but instead, you should sell your call or put at the market price, as you will increase your profit (see extrinsic value later). + +Brokers do not allow you to exercise the contract if the difference between the strike and the current value is going to make you lose money. In other words, you can’t exercise when the current value is below the strike for a call (you want to buy low when the value is high), or current value is above the strike for a put (you want to sell high when the value is low). + +Most brokers do auto-exercise your call and put contracts at the expiration date if they can be exercised. If the contracts cannot be exercised at the expiration date, and you did not sell your contracts before, they will be worthless, and the money you spent buying the contracts will be completely lost. + +Although I am mostly talking about American style options that can be exercised at any time, there are also European style options that can only be exercised at expiration. In the US markets, pretty much all stocks and ETFs are American style, But the cash-settled indexes, like SPX and RUT, are European style. + +**The basics: Intrinsic and extrinsic value** + +A call or a put contract costs money to buy, called a premium, so a 3rd party can give you the right to exercise the call or the put. After all, they won’t take the other side of this contract for free, and they have to be remunerated. The minimum for a contract is $0.01 per share for some very liquid ETFs, but for most instruments, it is $0.05, thus $5 per contract for 100 shares. When you buy a call or put, this premium is the most you can lose by expiration date. The 3rd party that sold the contract to you is open to many more risks and potential losses (see below). + +The value of the call and put contracts will depend on the strike, on the share price going up and down, the share’s volatility (how fast / far it goes up or down), and the time passing. + +When you buy a contract, the strike and the expiration date is known. However, the share price and volatility will constantly change. All the call and put options are constantly repriced as time is also passing (closer to the expiration date). + +The intrinsic value is the portion of the contract value that only depends on the strike and the current share price. It is above $0 only when you can exercise the contract. The extrinsic value is the portion of the contract value that depends on the volatility and time. For pretty much all options, this extrinsic value is above $0, and will slowly drop to $0 as we get closer to the expiration. + +Let’s take an example with a share price of $150. + +Say, you buy a call with a strike of $145 expiring in a month for $7. The intrinsic value is $5 ($150 - $145), the extrinsic value is $2 ($7 - $5). Said differently, if the share price did not move at all until the expiration date, your call contract would bring you $5 per share. You would have lost $2 due to the time passing. + +Similarly, you buy a put with a strike of $155 expiring in a month for $7. The intrinsic value is $5 ($155 - $150), the extrinsic value is $2 ($7 - $5). + +It is worth noting that any call with a strike price at $150 or above has $0 of intrinsic value. If you pay $4 for a $155 call, all the $4 is extrinsic value. If the stock price does not go over $155, you will lose the full $4 per share (so a $400 loss per contract). Similarly, a put with a strike price at $150 or below has $0 of intrinsic value. If you pay $4 for a $145 call, all the $4 is extrinsic value. Your contract will be worthless by expiration if the stock price did not drop under $145. + +Note that, in these examples, I use the same price for the call and put options that are $5 away from the strike price, but it’s not always the case. The call and price options are priced differently depending on the volatility, market expectations, potential dividends, cost of money, etc. + +**The basics: ATM, ITM, and OTM** + +There are few definitions related to the relationship between the strike and the current share value for puts and calls. + +An option is ‘At The Money’ (ATM) when the current share value is matching the strike. The share price is $150, and the strike of $150 for both the call and put contracts will be considered ‘at the money’. + +An option is ‘In The Money’ (ITM) when the contract has some intrinsic value. The share price is $150, so a call at $140 is ‘in the money’, with $10 of intrinsic value. A put at $160 is ‘in the money’, with $10 of intrinsic value too. + +An option is ‘deep in the money’ when the option is ITM and the strike is far from the current share price (for example more than 20%). For example, with a share price of $150, a $100 call will be considered ‘deep in the money’. Same for a $200 put. + +Conversely, an option is ‘out of the money’ if there is no intrinsic value. With a $150 share price, a $160 call is ‘out of the money’. A $140 put is ‘out of the money’. The money you paid for the call and put is purely extrinsic value, there is no intrinsic value. An option is ‘deep out of the money’ when the option is OTM and the strike is far from the current share price. For example, with a share price of $150, a $200 call will be considered ‘deep out of the money’. Same for a $100 put. + +As the share price goes up and down, depending on the option strikes, it can switch between ITM, to ATM, to OTM. The option price will always reflect that and will be based on the time at expiration and the current share volatility. + +Few key things to note: + +* The deeper ITM an option is, the more expensive it is. As it gets deeper ITM, the intrinsic value increases, the extrinsic value decreases. You have a higher chance for the option to be worth something, and you will lose less money on the extrinsic value. The price of Deep ITM options will move very closely to the underlying shares (a positive correlation for calls, a negative correlation for puts). +* The deeper OTM an option is, the less expensive it is. Again, OTM option price is pure extrinsic value. You have a very small chance for the option to be worth something by expiration. +* The maximum extrinsic value is when the option is ATM. It is purely extrinsic value, with barely any intrinsic value. These option strikes are the most sensitive to time, volatility and share price. + +Here is an example, with the same share price of $150. For a call, you could get something like this: + +Strike = $100 / Premium = $53 / Intrinsic = $50 / Extrinsic = $3 ← Deep ITM + +Strike = $125 / Premium = $30 / Intrinsic = $25 / Extrinsic = $5 ← ITM + +Strike = $150 / Premium = $9 / Intrinsic = $0 / Extrinsic = $9 ← ATM + +Strike = $175 / Premium = $5 / Intrinsic = $0 / Extrinsic = $5 ← OTM + +Strike = $200 / Premium = $3 / Intrinsic = $0 / Extrinsic = $3 ← Deep OTM + +You can imagine the same table for a put but in the other direction. + +It is worth noting that if you have a $100 call and you decide to exercise it, you would directly get $50 of proceeds per share, but you would also destroy the extrinsic value to $0, losing $3 of proceeds. Instead of exercising your call, you are much better off selling your call for $53. In general, there are not many reasons to exercise your options. Selling them is more advantageous. + +The [next](https://www.reddit.com/r/investing/comments/hdg9xc/how_to_not_get_ruined_with_options_part_2_of_4/) post will continue talking about the basics of options. + +`---` + +**Post 1: Basics: CALL, PUT, exercise, ITM, ATM, OTM** + +[Post 2: Basics: Buying and Selling, the greeks](https://www.reddit.com/r/investing/comments/hdg9xc/how_to_not_get_ruined_with_options_part_2_of_4/) + +[Post 3a: Simple Strategies](https://www.reddit.com/r/investing/comments/hgomwv/how_to_not_get_ruined_with_options_part_3a_of_4/) + +[Post 3b: Advanced Strategies](https://www.reddit.com/r/investing/comments/hgp05y/how_to_not_get_ruined_with_options_part_3b_of_4/) + +[Post 4a: Example of trades (short puts, covered calls, and verticals)](https://www.reddit.com/r/investing/comments/hlb9ns/how_to_not_get_ruined_with_options_part_4a_of_4/) + +[Post 4b: Example of trades (calendars and hedges)](https://www.reddit.com/r/investing/comments/hu8uh9/how_to_not_get_ruined_with_options_last_post_part/) +BACKGROUND: I am a 32F first generation immigrant whose parents stereotypically pushed me into a career in medicine. I was never passionate about healthcare but, out of my own sheer ignorance/laziness, never bothered to research other career fields to my own detriment later in life. I was always a good student, though never enjoyed school. College premed sucked. Hated med school. Residency brings back only bad memories. And for some reason, I thought that if I could just push through it all, that maybe I would eventually come to enjoy being a doctor once I passed the “training phase” and could actually begin practicing. Surprise, surprise: I was wrong. Here I am almost 2 years into working at a hospital and I hate my job now more than ever. This week, I officially put in my resignation and couldn’t be happier! + +FINANCES: had a full-ride merit-based scholarship for college and paid off 150k in medical school debt by the end of residency through my own savings from working during college and living extremely frugally as a resident doctor on a 65k salary. My salary now is ~350k. I was lucky to find a partner early on in life who had the same frugality mindset and FI’d when he turned 38. Together over the years we’ve accumulated several sources of semi-passive income (no income can ever be truly passive IMO) including: 4 multi-family properties, 2 dropshipping businesses which he continues to manage remotely part-time with the help of virtual assistants, 2 single-family Airbnbs that we arbitrage and do not own, and 2 cars that we rent out on various car sharing services. + +LIFESTYLE: We live in a LCOL town and together spend around 1k/mo. We live very frugally and achieve this by: living in a duplex I own through a physician loan ($0 down, low interest) where the tenant’s rent covers our mortgage and utilities, rarely buying new (used hybrid cars which saves us on gas, thrift stores for clothes/books, facebook marketplace for basically everything else), and couponing for groceries and household items. Our greatest passions in life are food and travel. We’ve mostly figured out the traveling part and are able to take most of our trips for pretty cheap or free through credit card hacks and points churning, but have not figured out the food part yet. Our vice is fine dining and this is the one expense I will never be willing to give up. $800 for a Michelin star sushi dinner is my idea of a perfect night. Though we do enjoy cooking most of our meals, I don’t hesitate to splurge on eating out either. + +WHY I QUIT: The goal was for me to work at least 5 years. A year into it, I’d already felt so burnt out, had bad anxiety from dealing with patients throughout COVID and couldn’t sleep most nights, had a horrible boss who made me realize what a toxic environment healthcare could be, and just absolutely hated coming into work every day at 5am. I then became pregnant and decided I could no longer stay for the sake of my mental health. The money was virtually meaningless because paychecks would just get deposited into my brokerage account and we hardly spent any of it, so ultimately fancy raises and bonuses gave me very little instant gratification or incentive to keep going. Financially, it is a dumb move to quit 3 months prior to giving birth and kiss goodbye to my excellent employee healthcare benefits, maternity leave, and what would have been free daycare through programs at work. Financially, it is an EVEN dumber move to spend 1/3 of your life pursuing higher education, accumulating and paying off massive amounts of debt, only to throw in the towel before you even reach any sort of full earning potential to get back a good ROI. I battled with self loathing and feeling like a failure and, admittedly, am still struggling with this (though getting better with counseling), but I’ve come to accept that medicine was never the right career for me. My parents are VERY disappointed in my decision and unfortunately our relationship is quite strained because of this, understandably so seeing as they came to this country with nothing and worked tirelessly to provide me better opportunities in life, but please learn from my mistakes and know that it’s never too early or too late to make a change in your life that you feel in your heart is right. As a lawyer once put it, “I always hated law but my family/friends convinced me at 30 y/o that I’d regret it if I quit seeing as I’ve already invested far too much time and energy into it, so I listened and stayed, and here I am nearing 60 years of age and hated every single minute of it.” + +FIRE: My partner and I plan on living on 2k/mo, though we’ve budgeted for up to 4k/mo. We plan on drawing mostly from our semi-passive income streams and just letting our index funds, crypto, IRA/etc (which total around ~500k) hang out and compound. We love the idea of geo-arbitrage and second citizenship and plan on living abroad/traveling for 6 months out the year. For healthcare, we are signing up for Obamacare Silver w/ HSA. Will update on how this goes once baby comes. Most frequent question I get from people when I tell them we are FIRE-ing is: so when do you plan on going back to get a real job? Or, you’re not seriously thinking of never being a doctor again are you? The answer is, I will be willing to do anything to make a living BUT go back to medicine. Maybe 1.5 years isn’t nearly long enough to say I’ve given it a fair shot, but almost any other career feels more palatable to me at this point. I would love to learn how to code, or work in the hospitality industry, or even just do seasonal odd jobs, but right now I am simply content with the idea of RE for RE sake :) + +**EDIT:** I felt the need to say this due the MOD’s intervention regarding the sexism in this thread. I expected the typical “you’re stupid for leaving” because I get this all the time in real life anyway (albeit in a much nicer tone) but the amount of comments about me retiring so I leach off of my partner’s hard work and income is ridiculous. Let me clarify this for people who have questions about our income streams: + +My partner and I split all of our expenses evenly. People clearly ignored the part where I say that I am the one who OWNS the home we are living in through my physician mortgage. I own 2 of the 4 multi-family properties. I purchased the first one (a 4-unit 8-bd apartment) through an FHA loan during residency which I could afford at only 3.5% down, and the second (a duplex where we currently live) when I started my first job. We have property managers for the 3 homes that we don’t live in and collect rent passively. He owns the 2 dropshipping businesses but plan to sell these next year so we can have less things to manage. I own and manage the 2 cars (1 purchased during residency and the other purchased when I started my first job) which I rent on Turo and HyreCar. I also run our 2 Airbnbs where I worked out an agreement with the owner of the properties and pay him significantly more in rent each month than he made using them as traditional long term rentals. Combined, our NW is about 2.5 million (properties+businesses+stocks). We CHOOSE to live on only 2k/mo because we are frugal by nature and actually enjoy many aspects of living frugally, but you can do the calculations yourself to see that we have more than enough cushion to draw from should we ever choose to do more with our money. To those saying it’s not possible to enjoy Michelin star dinners, we don’t do this every day obviously, and because we keep our normal expenses so low (close to $800/mo if we remove”food” expenses since we don’t pay for rent/utilities/car), dining at expensive restaurants more than fits into our budget and we do go somewhere nice (maybe not Michelin-nice) at least once a month. + +**TL;DR: Not only do I make more money than my partner, I run as many side hustles as he does while also being pregnant and working a full time job (he is already FIRE). We split our expenses evenly and there is no leaching off of anyone. Before you assume that the woman in the relationship is always the lesser contributor, maybe check the date on the calendar and realize we are living in the 21st century now.** +I assure you, this ISN'T going to get political. Because by all accounts South Africa is screwed. My planned position is bottom paragraph. + +Under the current ANC government there has been a general degeneration of all aspects of South Africa. Due to systemic nepotism, there are math teachers that don't know what square roots are, army officers that can't read, and cops that have never fired a gun. The practice of fictitious employees that take checks but don't work there is widespread enough that the government has drove itself into insolvency already. Estimates are that some 80% of government funds are misused in some way, ranging from government subsidies given to businesses owned by government officials to simply going missing from accounts. The ANC solved this, against advise of wiser people, with quantitative easing. Which is a fancy term for printing money, and since they could never possibly reverse that printer they're inflating the South African Rand which is why they've had two bouts of inflation near 9% twice in the past 20 years. + +That is all besides how the largely defunct government doesn't prevent anything on the ground. Roaming bands of pirates (many affiliates of the Marxist Economic Freedom Fighter party) will poison guard dogs and torture and murder residents often for as little as car keys and groceries. Many communities are functionally independent and take the law in their own hands, and in many areas utilities are defunct (untreated sewage goes in the river, untreated tap water comes out and it smells as disgusting as it sounds). South Africans are more likely to have their asylum applications accepted than any other nation as there are so many tales of rape and murder and threats of ethnic cleansing. This equates to the most educated citizens leaving SA and most SA based businesses diversifying out of the country as literacy rates have been falling. These disillusioned departures are not new, as they include the most famous Afrikaner in history Elon Musk who is now a naturalized American. + +Edit: The Economic Freedom Fighter's usual acronym isn't used because it's also the ticker for a penny stock. + +I first thought about shorting South Africa over a year ago when I was researching the country (I'm a historian, I read much on the country for fun). I found the only index tracking SA ([EZA](https://www.bing.com/search?q=eza+stock&cvid=0d411debffed4d50b06fa54733b0bb0a&FORM=ANAB01&PC=DCTS)) wasn't an accurate representation of SA economy and buying puts on it was useless. It tracked only the largest cap firms, which are the aforementioned companies diversifying out of SA (mostly to other parts of Africa). Which is why it's a volatile ETF that overall trades sideways. Buying puts on it wouldn't really capitalize on SA going full Rhodesia/Zimbabwe. Zimbabwe having experienced the general breakup of modern institutions and hyperinflation due to similar problems. + +My new broker, IBKR, allows negative currency positions as long you post 10% as collateral. Now my native currency are US dollars, where inflation in 2020 was 1.4% while the [South African Rand's inflation](https://www.inflationtool.com/south-african-rand) was 4.12% in 2020. That equals a 26.8% return on investment per year from that simple short position. But I'm expecting US Dollar inflation to stay between 1-2% a year while the Rand (ticker ZAR) stays north of 4% with inflation spikes inevitable over the next decade. This position also reduces my market beta, much needed for me as I've got hugely leveraged positions on American ETFs. This isn't a short term swing trade, I'm waiting for SA to implode. +Uber Technologies Inc. lost a U.K. Supreme Court ruling over the rights of its drivers, in a landmark decision that threatens the company’s business model in the country. + +The judges said that Uber drivers were “workers” entitled to rights like minimum wage, holiday pay and rest breaks. The court said the contact terms were set by Uber and working conditions were controlled by the company. + +"Uber Loses U.K. Top Court Ruling on Drivers’ Employment Status - Bloomberg" https://www.bloomberg.com/news/articles/2021-02-19/uber-loses-u-k-top-court-ruling-on-drivers-employment-status +I’m looking to do an FHA loan with a 3.5% down payment = $9K + +Closing costs are anywhere from 2-5% of the purchase so = $12.5K on the high end + +Emergency fund/ extra money for small repairs/ buying furniture or appliances = $10k + +Is there anything I am missing or should I aim to have about $32K saved to purchase a $250k home? + +I plan on living in the home for a year or two, maybe with a roommate and then eventually renting it out. +I have got four CCs. Going to close one soon. + + +I keep getting offers for LTF CCs, so I was wondering if having too many would be detrimental in anyway. Some background, I'm a very budget-conscious, disciplined user. Never have I ever paid any interest in 7-8 years of holding CCs. I always pay the bills well before due dates. I don't spend more than I can afford or plan on, my spendings are usually 10-15% of credit limits, or even less than that in some months. I plan my shopping keeping reward points in mind and get the best out of them. + + +Currently, the four CC I have are: + + +1. Axis Flipkart - For Flipkart and Myntra shopping. Get 5% off on those two sites. +2. ICICI Amazon - Get 5% off on Amazon. My phone bill is almost always covered by that 5%. +3. HDFC Diner's Black - Get 16.6-33.33% in reward points with some caps. Use it to buy airtickets and I only pay like 30% of actual airfare. +4. Indusind Platinum - This is the least used, and I'm planning to close it as CB and RP are not as useful as the other three. + +All these are LTF CCs and I do not pay any annual fees. I've got offers for more LTF CCs and I am just wondering if there is some catch there which I've missed. For example, the one I'm considering now is RBL Zomato Edition Classic, which gives me Zomato Pro free for as long as I hold it, and it is an LTF card, so I won't be paying anything. So considering my track record of having never paid any interest in the last 7-8 years, how many CCs should I hold? As many as I can? Or is there some logical limit? + + +Hello investors, + +Please feel free to comment if you disagree with me or otherwise! + +I believe Tesla's growth rate doesn't justify its valuation, aka overvalued. + +Basically, the idea is that the market is a discounting mechanism. + +I am actually an avid Tesla fan (have Tesla) and the company is doing amazing things. I think Elon is a legendary figure for not only bringing an EV revolution but also successfully launching a space company. + +With my emotions aside, I also think Tesla's valuation is certainly not reasonable. + +Tesla's current $630B market cap doesn't mean its current sales and cash flows are valued at $630B. That valuation is discounting all expected future cash flows to be generated by Tesla in the future. + +The market is saying, "hey this guy will pay $630B for Tesla so that he can receive all the free cash flow from the company indefinitely". Essentially, that $630B price tag is pricing in the expected cash flows. + +Mature auto companies typically trade at around 8-15x FCF, but say Tesla's not an auto company but "EV tech" firm so it should trade at around 20-25x Market Cap/FCF when it matures. + +**That means if Tesla generated $28B FCF, it would be trading in line with its peers at 22.5x Market Cap/FCF multiple, the midpoint of the trading range ($630B/$28B = 22.5x).** + +Now the question is how long would it take for Tesla to generate $28B FCF? + +Tesla generated $3.7B FCF in 2020. + +**If we assume an annual growth rate of 35% in FCF, we reach $28B by 2027.** + +In other words, Tesla needs to increase its FCF by 35% annually for the next 7 years to reach $28B FCF. Then, Tesla will have produced $28B FCF in 2027 and assuming it's a mature company by then, it should trade at around 20-25x market cap/FCF multiple, yielding about $630B market cap. + +Notice how we backed out the expected future cash flows to justify Tesla's current valuation? + +Now, the market may be pricing in Tesla's growth potential so Tesla may very well be trading at 30-35x Market Cap/FCF multiple (which is a very rosy assumption because only companies that are small trade at that range, Tesla is a >$600B company already). + +Even then, to justify $630B market cap, it needs to produce $19B of FCF ($630B / midpoint of 30-35x range, or 32.5x). + +**Tesla generated $3.7B FCF in 2020 so assuming an annual growth rate of 35% in FCF again, it takes up to 6 years to reach $19B of FCF.** + +What I'm trying to get at is that Tesla's $630B valuation implies that in the base case, Tesla can increase its cash flow from $3.7B last year to about $30B at some point. + +This means that if we buy a Tesla stock today and if the company gets to $30B FCF by 2027, its market value should remain at $630B through 2027 all else equal because that amount was already "priced in", aka expected. In other words, you bought a stock and the price has remained the same for the next 7 years, not desirable. + +In order for Tesla stock to move higher, it needs to increase that cash flow expectation higher, perhaps $40B by 2027 or $50B by 2027. + +That's why during earnings, stock price goes up and down not because of its current earnings beat but because of the higher expected cash flow. + +The stock price was pricing in certain FCF in the future but based on the current earnings results, that cash flow is not likely to hold up anymore or the company may actually generate cash flow higher than what was previously expected. + +Beating the current expected earnings is not the important part but what's important is the what the current earnings tell us about its future earnings going forward. + +I personally don't think it's reasonable to buy a Tesla stock with an expectation that the company can consistently beat annual FCF growth of 35% through 2027. + +Even if it can, I don't think it'll beat it by much. So the stock price may very well double in 7-10 years but there are plenty of better options out there in the market with lower risks. + +The way I look at Tesla is that it has 2x potential in the upside and -25% in the downside, in the next 10 years. + +I'd rather prefer to buy something with 7x potential in the upside and -35% in the downside, in the next 10 years. + +Again, this is my opinion and please feel free to comment what your thoughts are. I could very well be wrong. + +And I also think saying pe is high isn’t enough to claim it’s overvalued. Amazon has had hundreds of pe at some point as well. For growth companies, bottom lines are always going to be negative or low so pe is not a good measure to value a company for growth companies. + +For more, please visit r/Midasinvestors + +Thanks for reading! +“If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.” + +“I’m only rich because I know when I’m wrong…I basically have survived by recognizing my mistakes.” + +“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.” + +“Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.” + +All are George Soros quotes. +So title says it all, factoring in inflation (assuming 2%) from what I've seen most people will be getting 1.5-2% annual gains which if you aren't investing over a 20-30 year period doesn't seem worth it to me personally. + + Though I'm new here and I'm interested so your thoughts and opinions are appreciated and I'd like some insight on what you guys think. +So far, France has vaccinated under 100k people. Polling suggests that 60% don’t want to take the vaccine. Despite having fairly stringent laws to tackle anti-vaxx, France remains one of the most anti-vaxx countries in the world. There is little the government can do to change this, bar legislating forced vaccinations, because anti-vaxx is inherently an opinion that is invariant to evidence, it is an absolute article of faith. + +Herd immunity for Covid is estimated to occur once 60-70% of the population is vaccinated. The chances of this being obtained in France, based on the information that currently exists, is zero. This risk is not priced into markets: the strong assumption of markets is that this will be over by H2. + +The result will likely be the government falling, all borders with France being closed, and the economy shrinking significantly as it becomes impossible to offset the damage with fiscal action. + +Even once this occurs, it is very hard to see what the government will, realistically, be able to do or what pressure other countries in Europe will be able to exert. To take WFH as an example: France has lacked any ability to implement WFH, it was briefly adopted for a few weeks last year, and then lobbying from companies began and it was dropped. Paris offices are actually putting through price increases. + +The problem is not limited to France. Scepticism of vaccines is relatively high in Italy. The government has taken an active approach which has meant a high level of vaccinations but it is not the first 100k that matters, it is the last few million required for herd immunity. Spain has low levels of anti-vaxx but has struggled to organise a response, again this is likely structural but an issue that may get easier over time (in contrast to anti-vaxx which gets harder over time). Greece also looks very weak, although the wider consequence of that may be limited. All three are worth tracking closely. + +By contrast, Britain is well ahead of Europe. The UK has the low levels of vaccine scepticism in between-country surveys. Within-country polling suggests that the UK will easily achieve herd immunity. So far, implementation has been effective with the rush to give the first jab resulting in over 2m vaccinations so far (numbers vary, 2-3m). As a result, Britain is likely to be the first major economy to hit herd immunity through vaccination. + +Additionally, investors should consider the growth delta with last year. The UK economy was worst hit by Covid because our economy has relatively high levels of consumption. People stayed home, demand sank, and the saving rate went from essentially zero to \~30%. The government has stepped in to maintain supply. Demand has not gone anywhere: \~£100bn is sitting in consumer's bank accounts, waiting for the economy to reopen. The return to growth will be swift, and will be significantly in excess of market estimates. + +So what should investors do? + +The first option is shorting EUR/GBP or EUR/AUD. The recent path of the BoE, which has totally misjudged what is happening with the UK economy in their desire to move to negative rates, makes the timing of a EUR/GBP trade tricky. Once the BoE has reported out on negative rates, hopefully in the negative, I think this trade would be safer. + +AUD looks far more promising: growth is recovering there, and you have even further upside of commodity price reflation from China. If global growth slowed, I think the AUD position would be relatively safe (typically, commodity currencies have high beta so it can be a correlated trade). The only risk is that the RBA has been relatively dovish, and may feel trapped by the Fed. The weak fundamentals in Europe should overwhelm this risk. + +Outside of individual names, I think equities don’t express this position well. CAC40 has a lot of international exposure, so the play would be the effect on investor sentiment rather than fundamentals. The UK market below the 100 is attractive but stocks with high exposure to domestic demand are going to be most undervalued: housebuilders, leisure and domestic travel. + +One interesting play is airlines: a strong summer is basically essential at this point but what if Europe is still shutdown into 2022? As an example, Jet2 has very high levels of exposure to UK-Spain flights. If parts of Europe were to shutdown, particularly Spain and Greece, airlines would struggle hugely. My suspicion is that the recovery in international travel will be slower than the market is expecting, and that large countries struggling with anti-vaxx will essentially shut down most international travel. + +It is tricky to get exposure to France’s inevitable implosion. French equity markets are very shallow although there are retailers/shopping centres: for example, Darty...something to consider though is that levels of online retail penetration are very low in France. Maybe this creates a large delta in demand but it also means you aren’t seeing the same secular implosion story as with the US or UK. + +An outside option are other countries that are doing well with managing the virus: Taiwan and Korea have seen massive rises in their equity markets. New Zealand and Australia have also done relatively well. A risk with the former is currency strength: this isn’t fatal, this is a reflection of relative strength but it is also something that central banks in the region watch closely. So the latter grouping of developed economies may be preferable. China is another option, growth is back on the pre-Covid trend but I am very negative on China beyond the short-term. + +Therfore, currencies and a basket of equities are the most reasonable options. Direct exposure to France is going to be difficult to obtain so the equity portion should mainly be UK equities. + +Investors should also consider the US and Japan. Neither are part of my main thesis for reasons that I will elaborate below but both are situations worth tracking into late Februrary/March. + +Rates of anti-vaxx in the US are worryingly high: in hospitals, some surveys suggest that 50% of nurses won’t get the vaccine. In my view, this will change but there is scope, as with Italy, for this risk to compound over time, probably around March. Given the political climate, it is also likely that this becomes politically charged. The current narrative in the US is all about stimulus, falling government bond prices, and potential inflation. It seems likely that a stimulus bill will pass, and at that point the downside potential will return as the economy fails to recover in H2. Right now, it isn’t possible to take a view. Wait until its raining to bring out the umbrella (and btw, if it does begin raining then it will be torrential, the mountain of corporate debt means that the US would see large defaults in 2021/22 *without* weak growth). + +Japan has higher levels of anti-vaxx and relatively low levels of government authority in dealing with public health issues. For example: there is a possibility that vaccinations become compulsory in France, that scenario is (based on my understanding of Japanese politics) not possible under any circumstance. Japan has many ongoing trends: very strong corporates, rising PE involvement, rising activist involvement, BoJ strategy change, Tokyo 2021...so it is difficult to know what trend will win out. Issues with anti-vaxx seems inevitable, I have no idea what the effect will be on markets. +&#x200B; + +**Team** + +BABYBNB is breaking records, the team and developer are reaching targets on time, and are always delivering on promises, the market cap is relatively low at this stage but it's primed to reach 500m. + +&#x200B; + +**Charity** + +The team is doing massive donations on every milestone, the latest donation was 10 000 for children in need, and they have planned many more to come. The system they have developed related to donation is really interesting since they are donating to different countries on every milestone but always in children in need. + +&#x200B; + +**Community** + +The community behind the project is amazing and is constantly supporting the team in every decision they take and are also helping with the cause of the project making donations to save as many children as they can. + +&#x200B; + + ✅ CMC LISTED + + ✅ CG LISTED + + ✅ Currently #1 TRENDING on CMC for TOP GAINERS + + ✅ 3 million market cap + + ✅ HUGE DONATION GIVEAWAY MILESTONES + + ✅ 1 BIllion Market Cap Plan to build a school in El-Salvador + + ✅ GREAT TEAM + + ✅ 1 WEEK OLD PROJECT + + ✅ MAJOR CEX LISTING IMMINENT + + ✅ MOON IMMINENT + +&#x200B; + +**Tokenomics** + + 📋 A 10% tax is charged on each transaction. This can be divided into 3 parts: + + 📋 2% holders fee + + 📋 5% buy-back-burn fee; + + 📋 3% marketing fee + +&#x200B; + +The purpose of this fee is to ensure that there is enough budget available for marketing. + +&#x200B; + +**Official Baby BNB links:** + +Contract: 0xc1168b7b85b2bbc8a5c73c007b74e7523b2da209 + +Website : [www.babybnb.net](https://www.babybnb.net) + +Telegram : [t.me/babybinance](https://t.me/babybinance) + +Twitter : [https://www.twitter.com/babybnb\_bsc](https://www.twitter.com/babybnb_bsc) + +Reddit : [https://www.reddit.com/r/BabyBNB/](https://www.reddit.com/r/BabyBNB/) +Took myself and 6 friends for an overnight golf trip. + +13 hour drive turned into a 2:20 flight. + +All inclusive cost = $11,000 for a Pilatus PC-12 + +Well worth it! + +(Me = late 30’s, flyover city in the Midwest, sold a software business, 25MM net worth) +Listen all you 💎🙌🏼. + +Part 2 of GME Thread. Here's the [first thread](https://www.reddit.com/r/wallstreetbets/comments/l5c0nr/the_gme_thread_part_1_for_january_26_2021/) from today. You can view WSB Stats [here](http://wsb.gold/public/dashboard/e65fcfcb-70a4-4d86-b7fb-888057c67881). + +Remember - **follow the rules located on the sidebar**. To all new people - we don't discuss tickers <$1BN Market Cap. +How were your stocks this week? What you buying and selling? What were your best plays? + +Remember this is a community to learn. + +**Downvotes are discouraged** + +**Sort by New to find the best daily play** + +Add 🚀🚀🚀 if you serious +I’ve owned a triplex in Philly for 8 years, my tenant is leaving in one of the units in May. I listed it 15% over what I’d normally think is appropriate and I’ve gotten 75 responses in less than 2 days, just from Zillow (usually I list with multiple websites but didn’t think it was necessary now). Is this the same for everyone? +Let’s say, for example, the car is somewhere around $250,000. How much money would someone have to make (without any bottlenecks) that would allow them to live comfortably with a car like that? + +Is there a rule of thumb for how much money should be spent on specific assets? +# 🏛 Olympus - The one and only, the original and the grand unrevealing begins next week 🏛 + +Like a bolt of lightning from *⚡️* Zeus *⚡️* himself, $Olympus came bursting into the BSC. + +It's been 96 hours of madness and things are just settling down with Independence Day in USA. But to quantify this accurately without spoiling it, we are working on something so big Binance itself would take note of it. Our American friends are also celebrating today. Shaking out paperhands is all part of the plan to reach new floors. + +Do you remember we launched and then had a dip? That was us letting pre-sale holders leave to prepare for another push to a new floor. I told you that directly here. History repeats its self but to new heights. + +It is a process. When the time is right we will go parabolic to new heights so quickly you won't be ready. + +*⚡️* **Zeus aka Mr.BOGTOOLS aka John** is hard at work in the background perfecting the Godly tools and the coding that drives this project. He is also coding the revealed use-cases as we speak: + +*Locker of Ananke* + +The first rune discovered by the explorers of Olympus, this will allow projects a platform to lock their liquidity in an easy and absolutely transparent manner. Say goodbye to DXLocker shenanigans! + +*Wheel of Khronos* + +The second rune uncovered allows projects to vest tokens for team, influencers or anyone of their choosing to have them automatically locked and distributed based on a pre-defined time frame. + + 🔥 **Gabe** is working on new marketing material that is nearly complete while also reaching out to contacts that most here at BSC can only dream of possessing. + + 🍾 **Mike** is.. That's highly classified but you're all going to remember his name in time... + +# Updates: + +🚀 Start of the Olympics and Tests of Strength (Community contests with REAL BUSD REWARDS) + +🚀 CoinGecko Listed + +🚀 China marketing in full force (Bili Bili, Weibo, QQ socials etc.) + +🚀 Growth of the Olympus communities have remained strong, with over 16,000 demigods feasting in the halls. Voice chats are on constantly. + +🚀 Price chart is accumulating right now, super bullish, absolutely organic upward trending growth. + +Join the legion, if there was ever a time it's still early, that moment is NOW. + +Telegram: [https://t.me/OlympusOfficial](https://t.me/OlympusOfficial) + +Website: [https://olympustoken.io/](https://olympustoken.io/) +My guess is Coinbase is running on fractional reserves and doesn't wanna lose out on it's governance rewards so they are artificially delaying withdrawals of ALGO. I don't know about you guys but after I get my ALGO's withdrawn I'm finding an alternative to CoinBase. They have officially lost my business which is a shame because I've used them since getting into crypto. + +They did this exact same thing before the 1st governance period in September and people lost out on signing up. This is no different than what Robinhood did with GME stock. It just shows that CEX's need regulation desperately and we're currently at the mercy of Coinbase assholes. + +There have also been other strange things between Coinbase and Algorand. For the longest time they had Algorand listed as an ERC-20 token. Additionally they commonly do not post updated/correct news for Algorand. A few days ago they listed Securitizes Tokenization of Down Jones Index Funds as happening on Ethereum instead of Algorand, since then they've taken it down from Ethereum but haven't posted it to Algorand news. + +This all smells a bit fishy. I have been having this feeling for a while that coinbase is deliberately trying to undermine Algorand. + +Does anyone know of a good alternative to Coinbase and Binance in the US? + +&#x200B; + +EDIT 1: They canceled my withdrawal after over 24 hours pending and said "Blockchain transaction was compensated". I'm wondering if I should try to withdraw again or convert to another coin and transfer off. + +EDIT 2: Tried withdrawing again and it canceled almost immediately and said the same thing "Blockchain transaction was compensated." I'm pretty sure they still took my .002 ALGO transaction fee though. CB is fucking us over royally. + +EDIT 3: Tried withdrawing once more, instant withdrawal cancel with same reason as before. I'm done trying to withdraw tonight. Will try again tomorrow in the AM and update the post. + +EDIT 4: I was finally able to withdraw my ALGO's today. Look's like Coinbase most likely saw this post and bought more ALGO. The amount of ALGO in Coinbase 2 doubled and magically withdrawals were reenabled. Which means this was 100% a liquidity issue, and not a technical issue. Thank you everyone for contributing, I'm proud to be a part of this community. The elites get scared when all us little guys work together, never forget how powerful we are when we work collectively. This is the exact reason why we are all here, so huge monolithic entities can't dictate and control our lives without any recourse. + +EDIT 5: MAKE COINBASE SQUIRM. Withdraw everything. Coinbase 1 is down to 351 ALGO and Coinbase 2 is down to <1 Million ALGO. Let's clean them out. Hopefully they will learn not to do this again. + +EDIT 6: I've been reading some people are still having problems withdrawing. +I’m not so much asking for a get rich plan, I was wondering how did those people you see with the big yachts, huge houses and fancy cars do to become rich? +I’m not so much asking for a get rich plan, I was wondering how did those people you see with the big yachts, huge houses and fancy cars do to become rich? +We've been through this a number of times. But somehow, some apes think THEY are going to be the ones to finally shine the light on the situation and there is no way they can be manipulated. + +This is MSM's bread and butter, you will not win. MSM will promise you fair coverage, whatever it takes to get you ranting about GME. Then they will rip all context out and flame the shit out of you making you look regarded in the process while making RC and GME look bad as well. + +Then you will come here being like, I DIDN'T KNOW I THOUGHT IT WAS GOING TO BE AWESOME! THEY TOOK ME OUT OF CONTEXT! + +The point is, YOU SHOULD HAVE KNOWN! + +Love ya, mean it. Hang in there everyone. +Pros + +7%+ Dividend +Low volatilty + +Cons + +Heavy debt load +Low growth rate + +My Take + +Cash flows can 100 percent cover the dividend and I have no doubt that it is safe. + +Need to sell DirecTV and CNN and cut some debt. + +Dis+ for Kids +Netflix getting stale +HBO Max for adults + +HBO Max potential. +Legacy shows + +New Shows/Movies should be huge. + +Space Jam 2 with Lebron James. Should be worldwide success + +2 New Game of Thrones in the works + +DC catalog - Snyders Cut etc + +WB catalog- checkout rated R Mortal Kombat trailer please! + +HBO has best documentaries imo as well. Recently that Tiger Woods doc was phenomenal + +Ive bought T stock below 30 and sold it between 37-39 numerous times, while collecting 7+ percent on my money. However, I think this time T is going to break through 39 eventually when it does. I really am encouraged with the projects it has ongoing and for the future. + +I am long T. Imo any time it is under 30 is a buy, and you get 7% on your money while you wait for it to rise. Even if it doesn’t rise or takes longer than you want, you are still getting 7% on your money, when banks are offering you 0.1% on your money. + +Just my take. Any T holders out there? +Been saving like a madman since the beginning of 2015. From a \~$90k wage, paid off a 40k HECS debt (for peace of mind more than anything else), saved $170k cash deposit (lol), $40k ETFs, \~$15k total super concessional contributions. + +Median house prices in Melbourne, over that time, have risen \~280k (if anyone has good numbers in this, please share!), faster than what I've been able to save on a slightly above-median wage while pinching just about every penny. I grew up scarred from my parent's losing virtually all of their assets during the interest rate spike of the early 90's. I'm petrified of debt, and the idea of a massive mortgage. + +How are people like me (wary of debt) meant to compete with people who over-leverage themselves to beyond their eyeballs in this low-interest rate environment, driving up prices further in a cycle of collective insanity? + +This country's economy looks to be propped up on two things: + +1. digging holes in the ground, shipping dug-up dirt overseas without value adding +2. making house prices go *brrrr* + +How is this a rational direction for us to collectively go? + +(edit: Australia slid in the ECI rankings from #23 in 1995, to #72 in 2018; Kazakhstan was #70 in '18. Source: [https://oec.world/en/rankings/eci/hs6/hs92](https://oec.world/en/rankings/eci/hs6/hs92)) + +I know this might not be terribly popular, but damn: + +1. landlords +2. REAs (to hell and back) +3. banks +4. over-leveraged homeowners +5. state and federal governments who won't implement: negative gearing abolition, estate-tax, raising capital-gains tax to at least the labor tax rate, PPOR not being included in asset tests + +This whole farce seems to me like a giant millstone around our national neck. How much time and money are we sinking into paying into boomer's bank accounts through rent-seeking and buying severely over-priced houses and apartments made out of leaky-ass cardboard, rather than investing in what would drive up our productivity and overall *real* wealth: business assets, R&D, and education. + +FWIW, I know my transition to a profession ultimately more productive has been stymied by my fear of falling behind in saving (what good that's been so far..) for my own roof over my head. I'm studying online at night after work, and haven't felt as overwhelmed and deflated as I do now. My whole existence feels like I'm on a hamster wheel, grinding for no reason. Yet, I fully know how lucky I am, and what position of (relative) privilege I'm speaking from - how people can see any hope or any sort of stable future on a below median wage, with less-than-ideal savings rates.. boy, oh boy. + +.. thanks for hearing me out. + +/r + +edit: I honestly didn't expect this to get much attention. Thought this incoherent rant would be downvoted into oblivion the minute I posted it at 3am last night after not being able to sleep. Thanks for a lively discussion! + +edit 2: profanity.. +I recently moved out of my parents house and got a new full-time job making 40k a year. With current expenses (rent, car, gas, utilities, ect), I will have about 1k leftover every month. + +At my previous job, I was putting 15% in a 401k and managed to get about 18k out of it. I currently have 15k in my checking account. + +ATM, I need to work 30 days before I'm able to put money into their 401k but once it's available, how much should I be putting in percent wise with still making enough to have a healthy savings account? + +Edit: age 25M +This thread will be automatically stickied weekdays at 8:30am, and unstickied at 9:00am. + +Megathreads are now posted automatically based on a few factors, including: + +* Mentions by comment count, weighted by comment novelty and score +* Accounts of users mentioning, weighted by age, posting history, and previous mod actions +* Stock volatility, volume, and market cap + +This isn't an exhaustive list, but to prevent this from being gamed, we cannot share the exact weightings or specifics. + +These megathreads exist to consolidate conversation about interesting topics and make things easily accessible and enjoyable for all. + +**Please do your part in making these threads decent. Don't troll. Don't spam. Don't spread divisiveness (calling others shills / bots).** +I did spend plenty of savings on depreciating cars and stupid crap and when I had an extra income, there was this itch to buy something nice. Of course, I still do, from time to time, but you know what I mean. And yes, it was cool and a phase to remember. + +Investing in real estate helped me to freeze all my money and as a result, I buy less useless crap and instead, have assets. Now, all the purchases are are related to real estate, so this is a godsend. + +It’s like forcing yourself to save for impulsive buyers like myself and it works. +It seems like that rate would eat too much into your profits as the years go on or am I missing something? The rate of growth of that ETF doesn't seem to be sustainable, but ARKK seems very promising and I am a believer of Cathie Wood (CEO of ARKK ETF) after I did more research on her. + +As I am a beginner in investing and I am 32 looking at building a portfolio with short/mid/long term investments with a mix of ETFs, stocks, bonds, and cryptocurrency. I wanted to get advice from others on ARKK and specifically it's expense ratio and how it would affect my gains after 5+ years if I make it into a longer term investment. +We were on the fence about buying a house since we like our lifestyle in this minimalism apartment a lot but we want to start thinking about school. + +But just for fun, I negotiated our new lease down and swung for the fence. $1k less than our current rent!! + +Shared with my friends and they didn’t get it. They think we should buy a house still, don’t be cheap and just pull the trigger already. + +But, I am just glad that I can lower this giant expense by a lot especially since we love living in this apartment. It is not too big, easy to clean. + +At $1k a month, that’s half of private school tuition I managed to save, you know? + +Just sharing to my homies here. + +Edit: To make this FatFIRE worthy, our net worth is almost $3M and we can easily get approved on 20% down house in Cupertino area. But we reaaally don’t want to. + +Edit2: A little background, me and all my friends are all working for FAANGMAT. We all have substantial RSUs as well (or used to until they trade them all with housing). These stocks have been growing like weeds even during covid (100% year on year the last 10 years). So, it doesn’t make sense to me to trade my RSUs with lower performing asset class. + +Edit3: We actually own 4 unit rental properties, we are not anti RE. +I'm trying to think of how all this madness will play out realistically. All I see are posts either saying it's the end of the world or everything will snap back like a rubber band the moment people are allowed outside of their houses. + +Things are changing fast around the globe at the moment so it's hard to keep track of exactly what's what but over a third of the globe is under some kind of lockdown at the moment. In some places it means that people can't go out in public unless it's specifically to get groceries or other urgent product/service while in others it's only a recommendation to stay home as much as possible, and in still other places, the Tide Pods crowd is licking toilet seats. Regardless, a huge part of the financially relevant world are on lockdown and/or (most of) the citizens are doing their best to practice isolation and social distancing. + +As it is, there is nothing on the immediate horizon that promises a cure. A vaccine will take a year or more. Chloroquine needs testing before it can be used and reports of its efficacy are spotty. Even if a miracle were delivered tomorrow morning, people would have to get their hands on it and that takes time. We are probably looking at at least another two to three weeks in the miracle scenario. More likely, we are looking at anywhere from 2-6 months before life even starts to look like normal again if we depend on herd immunity and/or minimizing the virus' circulation. + +For argument's sake, let's say it's 3 months until the pandemic threat is removed enough to return to normal life. + +So, how does this all play out economically? + +During these three months, a lot of people are laid off/unemployed, receiving less than a normal income. Rent/mortgage payments are suspended but piling up the whole time. So are other payments. Cars, internet, etc. Everything that their UI check doesn't cover. At the same time, a whole lot of small businesses will never be able to catch up on the accumulation of debt over that time and will go bust. It's not like we'll just hit play and the world picks up where it left off. + +There will be fewer jobs available to return to because of the businesses that went under. People will have less money in their savings accounts to spend on shiny new toys. Those that avoided infection will continue to be scared by it. (No vaccine for another 9-15 months yet.) + +So now we have fewer businesses open, more people out of work, less disposable income available for those that did keep their jobs and some people still scared to go out and gather in crowded places. On top of all this is the realization by many the need for a rainy day fund and that ANYTHING can happen. I expect people will want to save more than usual (at least until they forget, which I understand is not very long for most humans, but still. lol) + +How anyone can believe the economy snaps back and goes full throttle in that time is beyond my understanding. OTOH, I also don't see how this could spell the end of the world and 1929 all over again. + +What I think is likely to happen: + +\- people will resume buying the essentials immediately (and things they perceive as essential). Once people are back to their daily grind, they still need gas, they still need to repair their cars, they still need clothes and groceries, etc. They'll go back to eating lunch at McDonald's twice a week and their Starbucks coffees every morning. This stuff will snap back pretty fast. (Which cheap stocks to get into now for that snap back?) + +\- new iPhones will have to wait till debt is paid off. So will that new sofa, that new car, etc. These things will take longer but will eventually recover as people forget. (Stocks to avoid for a while?) + +\- some things may never recover or take an awful lot longer to forget and require years and years for people to resume. Cruise lines, for example. (Better be willing to wait 10 years plus to reach new highs.) + +Thoughts? + +Edit: Although I'm interested in hearing other takes on how this will actually play out, none of us really know and we're all just taking our best guesses. What I'm really interested in with this thread is identifying stocks that are "daily essentials" (either real or perceived) that will snap back fast, "non-essentials" (things that people are willing to forgo for a while) that will get back eventually but take a bit more time, and those that people will actively avoid for the foreseeable future like cruise lines. + +Edit 2: I landed on 3 months, not because I believe the virus will be gone by then necessarily (I don't), but I do think it's possible we could reach critical level herd immunity to keep the curve flat enough to handle the number of patients and/or I think that people will get sick enough of staying locked up they won't be as willing to stay in anymore. It'll be June, the nice weather will be in play and it's also possible that viral activity is somewhat muted in warm weather (though I'm not counting on it considering the number of infections in places like the Philippines, Indonesia, etc). Anyway, 3 months is less a prediction than it is an assumption for the sake of argument. +Getting a long megabus this morning. + +Young Junior Doctor here + +Thought I'd kick it off with what methods do you guys use for frugal living? + +I'll start off. + +1) I occasionally go to the local small co-op and tesco (about 10minute walk away) to buy reduced goods at 8pm. I get loads of sandwiches, packets of sushi, meat etc for 70% off! With a busy job I'm terrible at meal prepping (which is my next goal to achieve) so I get some variety and cheap ready food for work the next few days. + +2) Rarely ever buy lunch at work. I always take some protein powder and fruit incase I feel extra hungry and that always helps with hunger levels and energy levels way more than tucking into some fish and chips from the cantene! + +3) I don't drive. I try to live close to public transport. Everyone drives now a days so I can always just chip in for petrol and carpool. This has its big draw backs when I myself want to go to IKEA or any other random place. But the odd taxi here and there is still way cheaper than MOT, insurance, maintenance, petrol etc. + +Would love to hear all your thoughts and insights! With inflation hitting highs, salaries arnt going up much. I wanted to try and get everyone 2cents + + +EDIT: I think its crazy that as a junior doctor I'm posting on here for frugal tips. But our salaries are effectively going down, hours are going up and I take care of my parents who have low incomes. What a world we live in! I really feel for anyone on lower incomes. + +My parents joint household income was around 25k / year growing up. The 4 of us lived well! But I don't know how that would be possible now! +Hey Guys, + +I'm just about to be moving into a house with my Girlfriend of 3 years, the mortgage is in her name as she is using a Barclays 'Family Springboard' mortgage where her parents have put up the deposit (13k). For the first 3 years we will be paying her parents back through the scheme and I will be paying half of this. + +I am also putting in 1-2k into the house right off the bat to secure the house as the mortgage was not enough to fully cover the house price. + +I plan to pay half of the mortgage payments and bills, pay for renovations and put a lot of money into the house. + +The original plan was to remortgage after the 3 years when her family is paid back (which I will have paid them around 7k) and put me on the mortgage but the other day she said that there was no point putting me on as it could up the payments to remortgage and we may be worse off. + +She says I will still have a stake in the house and we can draw up a legal document of some sort? + +My question is after the 3 years do I need to/should i get put on the mortgage or is there a legal document we should get drawn up so that all my time and effort is not wasted. + +I asked this because if we were not doing this i would have planned to get a mortgage myself next year and would be putting my money into a property I owned. + +Any help on this would be great 🙂 + +Thanks + +EDIT: Sorry guys just gonna clarify things. + +With her parents putting up the deposit the plan was for me to be on the mortgage in 3 years after their initial deposit amount was met through spring board mortgage repayments, as I don't have enough cash to put in 1/2 the deposit at current. + +I was told I was unable to be put into the mortgage as when using an online checker I didn't have good enough credit (I'm in the 'Fair' category on most credit score sites) so I understand this. + +I don't believe there is any intention to take advantage of me or not give me what I'm entitled to, I'm just trying to figure out the best way to ensure that if the worst happens I at least get back what I have put in. + +We are very happy now and really excited about the move but this is new territory and I've heard/seen all the horror stories associated with this kind of thing. + +Thanks for your advice guys, I'm going to get her to have a talk with the solicitor and see if they can write us something up to protect us both. +Hello, + +I recently purchased a large house in Spain, Europe. It’s part of a development which we bought off the plan 2 years ago. We recently moved into the house approximately 1 week ago and we’re not happy with the way the house is finished. It was delivered 5 months late and they out sourced a lot of the contract workers so it would be done faster because the developers had other developments which they needed to start. + +I will likely get in contact with a lawyer, but I just wanted to get some general advice and potential questions or points I can bring up. + +Here are some photo as examples + +https://imgur.com/a/HjfOhFA + +It’s mostly the last 5-10% of the house which was basically rushed and finished terribly. Things like skirting boards, the micro cement finish, the artificial grass on the terrace flew away in some wind because it wasn’t attache properly. The lights on an entire floor didn’t work, the electrical blinds didn’t work. Some things they’ve agreed to fix but other no. In general we are just quite unhappy with the experience. It was sold as a luxury house with high quality finishes. +Wondering how I can make even more money than the amount of money I made. Am I screwed or is there a way to make even more money? + +Edit: I thought this was pretty obvious given all the recent posts, but this was /s +I love this community and all the apes that inhabit it. This sub is like an oasis in a desert of shit. Ape help ape. Ape no fight ape. APE TOGETHER STRONG. But sadly, after the drama in the last 24 hours, it seems every post has comments slinging shit at Warden. He fucked up. He knows it. The mods dealt with it professionally. Be like Elsa and "Let It Go!" WE ARE BETTER THAN THIS! + +That is all. + +TO THE MOON! + +🦍🤝💪🏼💎🤲🚀🌜 +I'm a newbie trader and I've been trading for a month now. I have a portfolio of about 30k. I've unrealised profit of 8.72%. + +I sold bajaj finance at 3450 and the next day it reached 3600, then I sold astrazeneca for 3440 and it reached 3550 the same day, I'm having trouble deciding when to actually book profit. Any suggestions would be very helpful. +It would be great if you could stop dipping, as I am slowly running out of fiat money. Maybe you could consider dipping only once a month, around payday, so I am able to buy the dip and feel good about myself. I don‘t want to tell you how to run your chart, but maybe it is worth a thought. + +Kind Regards, +Poor Student +This is becoming an everyday post with continued discussion so I wanted to address the macro factors playing into this. + +1. *Assuming Biden’s $1.9t stimulus is passed* ~40% of ALL US dollars in circulation will have been PRINTED in the last 12 months. It’s insane to think about how much capital has been injected into this economy. + +Now the obvious follow up question is well then inflation will be crazy, right? Short answer is no one really knows. The US Gov’t has openly said the that are unsure, exactly, how inflation runs. The idea is that it’s the correlation between the amount or dollars * the velocity of said dollar (how many times it’s spent). + +The interesting bit, the velocity of the dollar has fallen off a cliff at the start of COVID. Currently it is the lowest it’s been since the 1950s and none of the stimulus is reaching the levels of the CPI index we want it (consumer spending on goods). But now that vaccines are being administrated and every day life looks to be resuming *soon* I think we will see velocity spike and inflation start kicking in. + +Overall, I think RE (specifically single family) will see 10-14% appreciation in most core markets over the next 12 months. And another 6-10% next year. + +2. Inventory is at a historical low (single family). Currently there is about ~350,000 homes listed national which is about 1/3 the amount of just a few years ago. Undersupply of affordable housing was always a looming problem for most cities but thankfully there has been a lot of *renters by CHOICE* meaning younger individuals preferred highly amenitized apartment buildings over owning their own home. This has been the building trend from 2014-2019. So we are working through a backlog of buyers, who before COVID, never wanted to purchase RE. + +3. Interest rates are at historical lows to help keep the economy afloat. In fact, they are so low, housing is the most affordable it’s been to consumers since 2003. Affordable in the sense that the median income divided the mortgage payment of the median home price is the widest it’s been. Interest rates are set to stay near zero for till 2023 so this macro factor won’t change soon. + +All in all, I think we better get use to a Seller’s market at least for the next few years. +TL;DR + +Invested weekly gave 60,000 more returns for total investment of 6,00,000 over 5 years + +So, SIP monthly or weekly what is better? + +I have taken NIFTY 50 index for the calculation. Starting from Feb 2017. + +Start : Feb 2017 End : Jan 2022 + +&#x200B; + +||*Weekly*|*Monthly*| +|:-|:-|:-| +|SIP|2,320\*|10,000| +|No.s|259|60| +|Invested|5,98,290|6,00,000| +|Value|8,93,441|8,31,813| +|Difference|\+61,627|| + +\*weekly sip adjusted so that final invested amount is same. + +For volatile assets, the difference would be much larger. + +My strategy: + +I have had monthly sips for 4 funds but at different times of month instead of all triggering on 1st of month. I was curious if this had any benefit. Indeed it has :) +When is anything ever enough? Payrises are just temporary dopamine rushes. Houses in a good area are unattainable for people in my generation. I just don't see the race ending anytime soon. +Like many on here, I was inspired by reading Die With Zero. +Often along the journey of building wealth, you don’t realize just how much money you will accumulate in the future so you skimp on spending that truly would have brought joy and increased quality of life. +Looking back now, what purchases, experiences, or general use of funds would have made the biggest impact? +With exception of the brief Covid crash, before Operation Infinite Money^(TM), finding bargains has been quite a trek through the desert. I'll look at 100 companies and there's not a great bargain amongst them. + +The tide hasn't taken this long to go out since the hippie days, but it's looking like we might be coming off this 12 year sugar high. + +One of the businesses I already liked just crashed 30% on a bad quarter from some 30 day derivatives contracts that didn't work out, mostly from the Russia war on Ukraine messing with feed stock futures. This is not lovely short term, but also not permanent. + +It's dropped so hard in fact, this little beauty is closing in on selling for book value. A company that's been earning positive returns for 15 years, with 60% of it's market cap in cash alone. + +Ideally everyone already did their homework and has a buy list ready, but if you haven't now is the time to get on the horse and start looking. Normal recessions are not like the Mar 2020 Covid Crash. They take a while to shake out so you've got time to shop. + +Here's to bargain hunting! +With exception of the brief Covid crash, before Operation Infinite Money^(TM), finding bargains has been quite a trek through the desert. I'll look at 100 companies and there's not a great bargain amongst them. + +The tide hasn't taken this long to go out since the hippie days, but it's looking like we might be coming off this 12 year sugar high. + +One of the businesses I already liked just crashed 30% on a bad quarter from some 30 day derivatives contracts that didn't work out, mostly from the Russia war on Ukraine messing with feed stock futures. This is not lovely short term, but also not permanent. + +It's dropped so hard in fact, this little beauty is closing in on selling for book value. A company that's been earning positive returns for 15 years, with 60% of it's market cap in cash alone. + +Ideally everyone already did their homework and has a buy list ready, but if you haven't now is the time to get on the horse and start looking. Normal recessions are not like the Mar 2020 Covid Crash. They take a while to shake out so you've got time to shop. + +Here's to bargain hunting! +Cloning seems to be the popular term of late. Coat-tailing. Cloning. Copy cat investing. Call it whatever you want. It's dangerous. + +We just had a great example of ***why it's so dangerous***. + +Munger's operation just sold a large chunk of Alibaba. Why? Who knows. Not me! + +Popular hypotheses include: + +1. Recognition of a mistake (an *unknown* became known) +2. Rumsfeld's dreaded unknown unknown (something *unknowable* has come to light) +3. It made financial sense from a tax loss selling perspective +4. Margin call or voluntary deleveraging +5. Swapping VIE shares for unlisted HK shares +6. "Paper hands" .. really? +7. Found an even better bargain +8. Stepping down as chairman +9. CCP pressure, other behinds the scenes pressure +10. Jack Ma being exiled (ala George W., "has taken up painting") + +**The real problem here is none of the coat-tailers have Charlie Munger's phone number.** Even if you did, he wouldn't take your call. + +Nobody has the *why* behind the Alibaba purchase anymore than they have the *why* behind the selling. Every coat-tailer who bought because someone famous bought is flying blind. That's a terribly precarious place to be. + +This is a violation of one of the basic tenets of investment, Circle of Competence. Buy what you know. + +Circle of competence has a ton of benefits. Most have to do with protecting the downside. A bet that doesn't work out. What does circle of competence gain you? + +1. We are more skilled at recognizing negative developments in a business. +2. We can recognize changes earlier than others and be decisive. +3. We are less likely to ride a doomed ship to the bottom of the sea. +4. We are less likely to get off a ship suffering temporary distress at the wrong time. +5. We don't have to opine on social media, guessing about why someone else did a thing. + +Don't outsource your thinking. +It is all so confusing. We are very late starting to think about retirement etc (38 and 39 years old) employer does not offer a 401k. What is the best option for saving/investing for the future? +I've heard that war creates jobs, but it doesn't really make sense to me that just creating more work magically helps the economy. Sure there are more jobs but where is the money coming from? It's not like war is creating anything, your just taking resources out of the economy and using them up out of country. + +I'm not taking an anti war stance or anything like that, I'm just wondering how the math adds up that you, in a way, waste resources and somehow that helps the economy. + +**Edit: Not a fan of how the comments are handled here, if the mods are going to look over every comment anyway just remove the ones that are bad, don't hide the comments until the post gets old. I've gotten tons of respectable comments from people that aren't being included in the conversation...** +Recently bought the property and the old landlord was having a hard time renting out at 1100$ a month. The place is decent and had no structural issues but looked like something my grandmother would have decorated with. I replaced all the old appliances with stainless steel second hand stuff that totaled under 600$, repainted the walls and redid the hardwood floors myself with a rented orbital sander. Place went from a 4-5 out of 10 visual appeal to a solid 7. Listed it at 1350 yesterday and singed a lease this morning. About 20 applicants within that time frame. Price probably could have been even higher due to the high application volume but I am happy with it. +I work as an for a tech company in the midwest. I am 25 years old and my current salary is 70k. + +My manager is an extremely smart and qualified individual because of this it has always been expected that he will not be sticking around for long. My manager's boss has been considering who on our team could fill his role when he eventually left and I have been repeatedly told that I would be the best fit and have been trained/groomed with that in mind. Now the time has finally come, my manager has accepted a role at another company and he will be leaving within a month. From what he's told me with his discussions with our boss and director I will be asked to fill the role. + +The advice I'm looking for is for a salary discussion. I know that my manager is currently making 110K with a 10k yearly bonus so about 120k a year. However I am not delusional, I do not expect to be paid the same amount because 1. He has more work experience in IT than I have been working in general. 2. He has a master's degree and I am a college dropout. + +That being said, I do personally believe I am the best person to fill the role and I don't want to be doing the same work for a massive amount less. I also know that they already have that money in the budget so they will essentially be pocketing whatever is left over. The number I have been playing around with in my head is 95k(85K base +10k bonus) which would be a 35% raise and leave me at about 25k less than he's making now. I beleive this is a fair number but I want to get any advice on if I'm asking for too much/little. +Rotation plays are in progress which led to the fall of tech stocks. + +But if we were look at it in the long game, tech will definitely prevail as leaders again. As much as recovery plays are in the books, the only way forward is with tech. + +As long as what speculative tech etfs youre in, EVs or Clean Energy, you cant deny these are the spaces to look into. They might not get 100% a year returns like 2020, but itll probably beat the market over 5-10yr period. + +I view this as a good dip to get into looking at how NASDAQ touched the 10% correction with a strong support to push it upwards. + +We can expect tech to lead again but when does that happen could be a few months to a few years depending on how slow the recovery plays materialise. Hold on tight and visit your holdings and remember whats the conviction you entered your positions. + +Disclaimer: my ETF portfolio consists of 40% growth core with 60% into tech thematic plays. I hold 10% cash to wait for the resistance of NASDAQ. I also have shares in recovery plays. +I'm a teenager and i need some way to make money for buying a pc and i can only get 20 dollars a month with my parents and saving 20 until i get the money is going to take 2 years so if anyone help me i will be grateful +What’s up fuckle knuckles, this is an update post or “Part 2” on my big brain ape thoughts on DW8 and why it’s a company worth investing in. + +If you don’t know what DW8 is or what I’m talking about, you can check out the initial post [HERE](https://www.reddit.com/r/ASX_Bets/comments/lk4r65/dw8_and_why_you_should_own_it/). I will go into more detail about the business in the latter portion of this post but let me start by getting us updated first. Grab a nice lockdown beverage to drink and tell your wife’s boyfriend to fuck off cause last time he made things awkward. This is gonna be a long and hard one, just how you like it. + +SO, why am I writing this (again)? Because I keep seeing comments and posts that show people don’t seem to understand the company's possible potential (also lots of salty bag holders that bought a company at ATH when it was way overvalued for its current place in the market, future potential aside). I even saw a post blow up by some gronk who was adamant DW8 sells wine for 85 cents a bottle or that they might be selling wine at a loss to inflate order volume/revenue. Bloke DW8 doesn't even “sell” wine, it’s an integrated distribution platform that scrapes a percentage off of trading, logistics and payment solutions AND Deano specifically stated in a company announcement from November 2019 “we generate a profit on every case that flows through our platform from day one”. Don’t believe him? Report him to ASIC then. ANYWAY + +I’m gonna preface the rest of this post with why you should listen to me again. You shouldn’t. I know fuck all about stocks and a real baboon ass brain like the rest of you, so DYOR, but I also like vino and Deano and I feel good knowing I can possibly help other people here make money, just like people here have helped make me some. Circle of life or some shit innit. + +I’m also definitely biased as I own 67k shares averaged to 6c so of course I want the company to do well. I will try and remain partial and realistic as much as possible though :) + +If you’d bought the day I made my last post you’d still be sitting pretty at around 45% in the green, and if you’d sold at the ATH you’d have been up a couple tendie meals at 350% or so. I did not sell because I’m dumb, but also because I believe in the company and have always said I’m in for the long run anyway (although in hindsight some profit taking definitely couldn’t have hurt, live and learn yeh). + +So onto the juice and what’s changed with DW8 since I made the last post around 180 days ago. Let's go step by step with a Pro/Con on least important changes to most important. Afterwards I will go into the real key points people are missing. + +**Management:** + +*PRO:* + +They bolstered their management staff by appointing some capable members, most notably to me, Michele Anderson as a Non-exec Director and Richard Raddon as the GM of the Logistics division. Michele is one of only 400 certified “Masters of Wine” in the world and is the first non-French board member for Baron Philippe de Rothschild. (They make/sell several thousand dollar premium wines, some of the most prestigious wines around). She has incredible related business experience and academia. Richard successfully founded and grew Parton Wine Group (PWG) until it was recently acquired by DW8. + +*CON:* + +Some of the new appointees are being paid some seriously lucrative salaries that might not seem justified by a company that isn’t in the green yet. You have to spend money to attract the best talent I guess and hopefully they will justify their keep. Many of the appointees are due for some hefty performance related share placements though, so they are strongly incentivised to keep this company heading in the right direction. Guess we will see. (Also noticed they specifically stated that Richard’s son, David, who is the new National Operations Manager is being groomed for the GM position, clearly they are in this for the long run) + +**Partnerships:** + +*PRO:* + +They have partnered with several online sellers including Vivino, Bibendum, Ebay and Amazon to coincide with their launch of MARKET or “Marketplace” + +Vivino is the first of the partnerships to be pushed live only this July just passed so I expect an uptick in orders/revenue from their 50 million users to be reflected in the upcoming quarterlies over the next 6 months. First report around October I believe. + +Ebay and Amazon integration will go live in August and September respectively. Uptick in orders/revenue from them should also follow. + +They partnered with Zip to allow financing from 3k to 150k for users and businesses. This benefits DW8 as it allows Zip to assume all the debt risk whilst DW8 gets big orders flowing in and straight cash. They also partnered with EarlyPay to launch the LIQUIDITY side of their business model, more on this later. + +*CON:* + +None, people getting lippy that these aren't “partnerships” and “anyone can list on amazon”. Cool man, not the point. Access to millions of customer orders they get to scrape a percentage off via logistics and handling, trading fees etc is money in the bank. Don’t be dumb. + +**Acquisition:** + +*PRO:* + +DW8 acquired Parton Wine Group (PWG). This is a massive acquisition for the company and will provide a significant boost to all their operational capabilities. It's a big step for the LOGISTICS and MARKET/DIRECT side of the business and is a stride forwards in terms of market penetration, time to profitability and broadening their competitive moat. This will see an increase of 220% to cases shipped, over 150% to order volume and an increase of 60% to their unique suppliers. More than doubling their current suppliers for a total of over 600 suppliers signed up. + +They also now have access to $200m worth of customer inventory being held on consignment, a dedicated fleet of over 30 vehicles servicing Vic, Syd and Perth. As well as fuckloads of warehousing space being serviced by a 100 experienced staff. + +This acquisition has so many benefits for the company it's staggering and I could talk for a while about this. It really is the biggest step into the game I feel the company has made so far. Improving already sharp margins, increasing revenue and reducing the time and capital needed to get the LOGISTICS side of the business profitable. Share placements are tied to PWG generating at least $15m in revenue in 2022 and again in 2023 so the money in theory should be rolling in. + +*CON:* + +To fund the acquisition a capital raise for $7.5m was undertaken at a pretty shiyte 20% discount to the sp 20MA at the time (9c to 6.5c). Hurts to see I get it, but it has to happen. A company has to spend money to make money. Simple fact. Lots of companies make acquisitions in order to grow and beat out competitors. This was a necessary step and will pay off hugely in the long run. I can ease the burden a bit more by mentioning that firstly, the raise was completed via Institutional investors meaning more bigger fish hold interest in this company now, not just more of us retards. Secondly, only $5m was actually used to acquire PWG, the other $2.5m is being used for integration and to continue to expand the business overall and support growth. A good sign. + +SO, + +now we know what's changed since last time, let's talk specifics about the company I didn’t touch on last time, specifically about how they actually make money because that's everyone's issue (understandably) with this company so far. + +DW8 plans to generate revenue via 5 different methods. Lets refer to these methods as 5 separate businesses for simplicity's sake even though there’s obviously lots of overlap. + +* ***MARKET*** \- A direct-to-trade marketplace + +\-This is a marketplace for trade buyers to purchase drinks. Revenue is collected via trading fees (per transaction) and are collected as a % of the total value of the order. More on this later as this is key. + +* ***DIRECT*** \- direct-to-consumer sales manager + +\-A tool used to manage consumer level sales. Revenue is collected as % any time a retail transaction is generated. + +* ***CONNECT*** \- order, inventory & technology integration manager + +\-Self explanatory, Revenue is collected from managing subscription fees, integration and listings. + +* ***LIQUIDITY*** \- payment management solution + +\-A simplified payment solution via Earlypay which allows businesses to get payment on time, manage lines of credit and receive single simplified invoices. Revenue is collected as % of the value funded. + +* ***LOGISTICS*** \- fulfillment solution + +\-Handling and delivery nationwide. Revenue is generated via fees associated with storage, picking, packing, handling and freight + +Now, + + here's the key to the whole thing that I think everyone’s missing, DW8’s primary source of revenue SO FAR has been from the LOGISTICS business, which Dean himself has acknowledged is the least profitable portion of the business. LOGISTICS was the best way for them to acquire new suppliers and start generating revenue that they could then leverage to start the other Business streams. + +In time, MARKET/DIRECT will be where the majority of the businesses revenue will come from. The soft launch for MARKET (for SYD/MEL) was only in March/April. Go look at their latest company update and tell me you don’t see the revenue increase starting in April, cause I do. Remember this is all without the integration of Vivino, Ebay or Amazon AND without Parton’s acquisition taken into account. MARKET has barely started and is already showing promising results. + +Obviously with VIC and NSW now in lockdown the growth of MARKET has been hindered but in the latest company update from August, Dean notes that they have signed up over 300 venues, seen a pleasing amount of orders flowing in, and despite the lockdowns, are comfortable with the growth they have seen so far They expect that once lockdowns lift they will be able to scale customer acquisition rapidly as the feedback so far has demonstrated the demand for a business like DW8’s is huge. They are now re-assessing their go-to-market schedule to launch in Adelaide, Perth and Brisbane as they are not currently locked down. + +Dean also notes that fortunately for DW8, any delay in growth with MARKET because of lockdowns, is made up for in DIRECT by the increase in direct to consumer sales you see during a lockdown, because of home alcohol consumption rising. A real silver lining for DW8 that shows they can continue to grow even through current and future lockdowns. + +SO. What's next? + +I have no idea. I expect MARKET will continue to roll out across AUS over the next year, maybe we will hear some more news about the NZ portion of the business soon (remember DW8 wants to be international) and revenue and orders will hopefully continue to rise. I expect at least one or two more competitive acquisitions over the next year as well. I don’t think it will be long now before the business becomes profitable. + +What should you do? + +I don’t know bro I’m not your dad. I expect (probably inaccurately) the sp will hang around 6.5c and slowly climb up to around 10c by christmas. I’m expecting huge quarterly results over the next 6 months. + +If you think the company has potential, buy into it. If you think it's a scam dream then don’t. I think the current share price is pretty fair on a financial basis alone, but when you account for the potential this company has and where it could be in 2, 5,10 years. It is seriously undervalued. What am I gonna do? Keep holding. If it dips lower than 6.5c I’ll consider averaging up some more but If not then oh well I’m good with what I got. + +Hope you enjoyed your beverage and this essay of a DD, if you got any good counter points or discussion topics I’m always down to chat in the comments. + +***TL:DR*** + +Bro just read the thing man, what else you doing in a lockdown. +[Forbes](https://www.forbes.com/sites/andrewdepietro/2022/11/29/canada-gdp-per-capita-a-full-breakdown/?sh=3dc71775666c) recently did a breakdown of Canada's GDP per capita. Using [constant 2015 U.S. dollars](https://datahelpdesk.worldbank.org/knowledgebase/articles/114942-what-is-the-difference-between-current-and-constan), Canada's GDP per capita in 2012 was $42,315.81 and $43,945.56 in 2021, a mere increase of 3.85% in 10 years. In fact, the historical peak was in 2019 where it just edged above $45k. Over the same time period, Canada's GDP (in constant 2015 U.S dollars) increased from $1.47T to $1.68T, a modest 14.3% increase. Canada's population increased from [34.8M to 38.4M](https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1710000901&cubeTimeFrame.startMonth=10&cubeTimeFrame.startYear=2012&cubeTimeFrame.endMonth=10&cubeTimeFrame.endYear=2021&referencePeriods=20121001%2C20211001) from 2012 to 2021, an increase of 10.3%. + +How should investors interpret this phenomenon? It would appear that Canadians are not becoming more productive, and the majority of the increase in economic output of the country is coming from population growth. + +In contrast, U.S's GDP per capita in constant 2015 U.S dollars grew from [$54,213.5 to $61,855.5](https://data.worldbank.org/indicator/NY.GDP.PCAP.KD?end=2021&locations=CA-US&start=2012) from 2012 to 2021, an increase of 14.1%. U.S GDP grew from [$17.02T to $20.53T](https://data.worldbank.org/indicator/NY.GDP.MKTP.KD?end=2021&locations=CA-US&start=2012) or a 20.6% increase. Meanwhile the U.S population grew from [313.9M to 331.9M](https://data.worldbank.org/indicator/SP.POP.TOTL?end=2021&locations=US&start=2012), an increase of just 5.7%. The U.S seems to derive its economic growth mainly from increase in productivity rather than increase the population. + +As an average Canadian, does this shake your confidence in the Canadian economy when it seems like our economic strategy just seems to be growing the population without actually becoming more productive? If you're an investor in the Canadian economy, what do you think? +It all happened very quickly. + +At about 11:58PM I received a text that a new phone service had been activated on my number with a carrier I don't use. It came with a link to a password protected (PIN setup when the service was purchased) PDF file that contained the contract for the start of service. I had a friend of mine crack the password to the PDF which ended up being 13371337 (lol). They filled out the form with bogus info for the name and address. + +[Password protected start of service form.](https://preview.redd.it/geqpvl86wp171.png?width=1621&format=png&auto=webp&s=fcdea3cf9b228c6c2af0534b6a402ccc92d2b799) + +At this point my phone number had already been stolen and my phone lost service, being unable to text or make phone calls. + +&#x200B; + +I tried logging into my email account, and the password had been changed. Since my mobile number was linked to my email account, the attacker was able to now use my number to get the code to reset the password. I thought I had removed the phone number from this account but apparently I missed it. At some point last year I anticipated this happening and switched most of my 2FA to google authenticator instead of SMS, which ended up saving my ass last night. + +&#x200B; + +At around 1:44 AM I was thankfully able to regain access to my email account by using my backup email address on file which the attacker thankfully hadn't changed, and also provided some other info to my email provider to prove ownership. + +At first nothing seemed out of place until I checked my deleted messages folder and saw password reset requests for three different cryptocurrency exchanges I have held accounts on. Two of these don't hold many funds but the third currently holds a fair amount of my coins. (This is another reason you should keep your coins off of the exchange). + +Time frame was as follows: + +**11:58 PM:** I get a text about service being activated for my phone number, I lose phone service. + +**12:08 AM:** My email password is reset. I don't notice this for over an hour. + +**12:09 AM:** Coinbase password reset request. + +**12:13 AM:** Kucoin verification code sent to my email. + +**12:14 AM:** Kraken username request sent to email. + +**12:15 AM:** Kraken password reset request sent to email. + +&#x200B; + +As you can see ***the entire attack lasted less than 20 minutes***, which is terrifying. + +&#x200B; + +Thankfully I had Google Authenticator 2FA setup on all of these accounts so the hackers were not able to gain access and drain my funds. Anyone using SMS verification should switch to Google Authenticator because this is the one thing that kept my coins safe. I still need to recover my phone number and at this point I feel like I should change my number or carrier. My mobile carrier only requires a 4 digit pincode to login and make changes which is probably one of the weakpoints that allowed this attack to happen. + +My information was leaked in the Ledger breach that happened last year and I am positive that this leak is what caused me to be attacked last night. I am sure I am on a list being passed around and some of you might be as well. Please exercise caution, secure your passwords and enable Google Authentication and 2FA on everything you can. + +Edit: So I spent all day at the carrier stores to get this figured out. Since my number was ported over, then cancelled, I was unable to port it back to my original carrier to finish out my month of service. I went to Metro by T-Mobile and was able to get my number back but I had to buy a new phone since my current device is not unlocked. All in all I ended up having to spend about $200 to get my number back. +Yesterday I got the rest of my disability back pay. I paid off my entire renters and car insurance for 6 months, 6 months of my rent and 3 months of my fiancee's rent (we share finances and live together but the way our town does it is each person has their own lease and rent is just split between the leases). That left us enough to pay off the rest of this month's bills, go out to a chinese buffet, and have 300 in savings. I'm proud but it's hard to do the right thing sometimes. This is the first time I've been this 'paid off' and just wanted to share my small victory. +The Ark team has finally listened to the community feedback and has begun working in lacking areas, one of which, was furthering exposure and marketing. Check out the informational Ark videos! More to come. + +https://www.youtube.com/watch?v=E0IRwe9Iv3w + +https://www.youtube.com/watch?v=YT_xMwT8CnA + +https://www.youtube.com/watch?v=sO_blc3DEhk + +https://www.youtube.com/watch?v=GJHhTA78QQQ + +GME Insider holdings increased 5.2% since 12/12/21 according to Bloomberg Terminal posted yesterday. [**See Bloomberg Terminal Data Post Here.**](https://www.reddit.com/r/Superstonk/comments/rgl3vg/14122021_gme_bloomberg_terminal_information/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +RC bought 6.8 Million Shares of Apple in June 2020 (Average Price in June $85) = $578,000,000 + +If he sold his initial investment in Apple, $578,000,000, this past week, that would be 3,211,111 of his 6.8 Million shares. + +Long term capital gains tax on $578,000,000 would be 20% or $115,600,000, leaving him with **$462,400,000** + +If we assume RC is the one buying shares, and increasing insider holdings by 5.2%, he would be buying them from the free float which is 62.98 Million Shares (according to Market Watch). + +62,980,000 x 5.2% = 3,274,960 Gamestop Shares. + +3,274,960 x $141.19 = **$462,400,000** + +Did RC just become our Sugar Daddy? 😏 + +Insiders have 2 business days to report stock purchases on their 13D. So we should see an announcement by Thursday. + +UPDATE: Activist Funds must report all changes in their position within just 10 days of any action. RC Ventures may fall under this rule instead, giving him up to 10 days to disclose. Unsure. +**I (M, 33, German) Got 780k (worth in $) to invest in stocks. The Idea is to create a world portfolio and live off the 4% rule perspectively**. Its more or less all I have and enough for Barista-FIRE in my case :) + +My idea is to simply invest in ETFs, maybe for the sake of simplicity just **A1JX52 or 70/30 DM+EM ?** (What about China??? and India???) + +(Also thinking about adding more Europe and Small caps as well for even more diversification - What do you consider more wise?) + +I have the money now on my account and I know that, even at an market's ATH, studies suggest that an All-In is likely (\~65-75% chance) to win against the idea of Dollar Cost Averaging over months ... So would you do it and follow the rule given today's global stock market situation and lump sum invest 780k? **My tendency is to go All-In despite of ATH and personal fear.** ( or maybe Invest one half now and the other half over 6 months...) + +But I really dont want to get fucked now that I got all the money needed for FIRE so naturally I am **scared of the sequence of return risk.** Thats why am **still questioning if I should DCA for psychological reasons.** Otherwise in worst case I would probably be good if I keep my money untouched invested long enough and keep working in case of a market crash which anyway could happen at any given point in time e.g. after a year when I am fully invested... anyway tricky situation for me. This decision will make very great impact on my future. + +I know nobody knows whats gonna happen, anyway I am asking for your opinion... + +**What are the odds and that we will face crashing stock market anything soon? Like what would you personally expect and what kind of dangers do you see?** + +**How likely do you consider bad years for stock market in the near future?** + +**What would you do in my case?** + +**Omikron, Climate Crisis, Risk of War with Russia.... this is all already priced in at the market, right?** + +Thanks and live long and prosper! + +[View Poll](https://www.reddit.com/poll/rg6qoj) +Hey anon. Anon here. + +I’ve been investing in the BSC space for a while and I’ve literally never seen anything like this. It’s nuts. A PinkPanda community member (not part of the team) got a PinkPanda tattoo yesterday--that’s how excited this community is. What’s all the excitement about, you ask? + +It’s not every day that a brand-new memecoin on BSC drops a mobile app for both iOS and Android within a week of launch. It’s also not every day that a community-driven coin has big plans to develop a mobile-first, elegant exchange that supports 5x leverage. And it’s extremely rare that you see popular influencers, from Money Talk to Finance Bull, raving about a brand-new community coin within the first week. There’s even an upcoming AMA tomorrow on Satoshi Club, the largest crypto Telegram group with about 80k members. The price will prob spike when that happens imo. + +Most importantly, you’d be hard-pressed to find a community as jaw-droppingly active and HUNGRY as all of the pandas in the community are. They are hungry for something new in BSC--a project that delivers on its promises (launching a mobile app within a week is just insane) and is truly community driven. They’re hungry for bamboo and have hands of such solid diamond that they have trouble eating it. + +So yeah, anon. Drop into our TG or Discord and join the community. I think you’ll like it. Ask for the writer of this post if you want to chat--I’m a member of the community just like anyone else, and would love to welcome a new panda. + +DUE DILIGENCE STUFF: Contract renounced. Locked liquidity. Buy on Pancakeswap v2. Doxxed founder. + +The coin also has a charitable mission with $1000 already donated to cancer charities. The app is super sleek and they posted a roadmap about future releases with a new release coming this Sunday. + +Tokenomics + +* 1 quadrillion total supply + +Breakdown: + +* 50% burned (500T) +* 20% presale (200T) +* 20% initial liquidity (200T) +* 5% charity and community airdrop wallet (50T) +* 5% dev and marketing (50T) + +Taxes: + +* 5% of each transaction auto-locked in liquidity on Pancakeswap +* 5% of each transaction automatically redistributed to PinkPanda holders + +💬 TG: https://t.me/PinkPandaDefi + +🌐 Website: https://pinkpanda.finance + +🚀 Contract: 0x631e1e455019c359b939fe214edc761d36bf6ad6 +"Ethereum is also going to be optionally quantum-proof with EIP 86 and Casper, because it will support any signature algorithm that the user wants to use." + +"More languages will come. Viper, Bamboo, LLL, etc. And Solidity itself will continue getting better." + +https://answers.thenextweb.com/s/vitalik-buterin-13gxQB +So, I'm probably not the first one to see this, but it can't hurt to keep morale high + +RC is not using cryptic memes and messages open to interpretation anymore. He is voicing his (very controversial for establishment) opinions loud and clear. + +To me this just looks like a guy who's set up the trap, planned for contingencies and even prepared the ultimate solutions to this shitshow we call the "Free" market. + +He has all the cards and knows that what is to come is inevitable. When was the last time that the brand spanking new chairman of the board of a multi-billion dollar business didn't use business speak and watered down comments to avoid causing the slightest fuss? + +RC gives no fucks anymore and that's bullish AF +75,000 puts July *15th* *(edited)* $40 strike, and the largest single purchase of options on the market I could find today *@ $19,125,000 (edited)*. 27,000 calls at $45 were also purchased at the same time. + +&#x200B; + +[just a couple o' puts to help protect on the ol' downside \/s](https://preview.redd.it/kv72j6s1u7t81.jpg?width=1125&format=pjpg&auto=webp&s=00be072ed0c636cc229bdf8e691e434417618a02) + +Seems like maybe Kenny boy got his panties in a bunch over u/realpulte visiting the planet of the apes and is lashing out again. Please don't throw any bedposts at anyone this time Ken, thanks in advance. + +I mean maybe its a complete coincidence, but we all know how MayoMan likes his puts. And taking the timing and grandiosity of the statement into consideration, just sayin'... + +&#x200B; + +[well if it smells like a hedgie... \(and not in the almost kinda good skunkie way\)](https://preview.redd.it/ns3ir562s7t81.jpg?width=474&format=pjpg&auto=webp&s=3780de1ebf71416f7b9959beccb6d00998fa28cf) + +&#x200B; + +Or maybe someone is just super confident about staying above $40 and heading past $45 and I'm just stoned. Either way, 75,000 puts and 27,000 calls is, like, a lot of things, maaan. + +&#x200B; + +[the dude abides](https://preview.redd.it/ryxynbqus7t81.jpg?width=625&format=pjpg&auto=webp&s=409a58f639e81d87b0f3eb9bd815d746d01cc67d) + +Perhaps some further elucidation from ambitious apes? Or even from u/realpulte if it's something he can/wants to elucidate upon? Pretty sure I just 'lucidated in my pants. + +Who am I kidding, I'm not wearing any pants, obviously. + +*\*passes doobie to the left and retires for the evening\** + +EDIT: corrected the 7/15 strike date and added correct valuation for purchase to clarify as pointed out kindly by fellow apes. + +CLARIFICATION: also to clarify after seeing some similar/doubting posts pop up: no distractions intended lol whatever that's just like your opinion man xD + +just something i noticed while scanning options activity stoned last night. did not even know what PHM was until hovered mouse over it. this ape has been holding xxx since last year, since the beginning of superstonk and before. xx of those shares @ $293 lol and xx% DRSd). will also be buying more at next dip becuase who can resist a nice tasty dip! + +definitely 100% interested in solidarity with new and incoming apes and 0% interested in any distractions or fragmentation, apes together strong my friends \^,\^ + +*\*passes doobie back to the left-hand side\** +***TLDR: This post is my attempt to make people outside reddit see what we see and what we know and how MSM makes people blind to the reality.*** + +Today again Gamestop is +20% on no news. 10 consecutives green days while market is bleeding. Starting asking yourself why. What's the relation between GameStop and other "meme" stocks ? How uncorrelated business have their stocks swing up/down closely ? + +We'll cover the 3 main arguments from MSM: + +1. Gamestop is sinking +2. Gamestop has no plan +3. Gamestop short squeeze has already happened + +&#x200B; + +If you want to understand these issues and much more, please visit [https://www.reddit.com/r/Superstonk/](https://www.reddit.com/r/Superstonk/) and we'll glad answer all your questions! There is a lot of good information at [https://gmedd.com/](https://gmedd.com/) if you want to read more. + +&#x200B; + +&#x200B; + +To get started and understand the GameStop saga: + +**Gamestop - A Long Story Short** + +An overview of what is happening with GME + +[https://www.youtube.com/watch?v=JGWN1-I8Kac&feature=emb\_imp\_woyt](https://www.youtube.com/watch?v=JGWN1-I8Kac&feature=emb_imp_woyt) + +**The problem of stock Market** + +Jon Stewart explaing the shady business model of wall street. + +[https://www.youtube.com/watch?v=bP74RBTE8kI](https://www.youtube.com/watch?v=bP74RBTE8kI) (if you don't have time go to 6:50) + +If you can, watch: Gaming Wall Street [https://www.youtube.com/watch?v=ViEKPjkjEWI](https://www.youtube.com/watch?v=ViEKPjkjEWI) + +&#x200B; + +&#x200B; + +**Here the main points of what MSM says and what a research of thousands people tell us! Critical thinking people, we don't want to trust blindly, do your own research!** + +&#x200B; + +&#x200B; + +*MSM: Gamestop sinking, loses CEO and c-suits:* + +[https://www.reuters.com/business/gamestop-ceo-george-sherman-resign-2021-04-19/](https://www.reuters.com/business/gamestop-ceo-george-sherman-resign-2021-04-19/) + +**Reality:** Executives weren't able to manage well Gamestop.Sherman has experience in brick and mortar business. + +With Ryan Cohen: + +1. Gamestop paid all its long term debts in advance ([https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0)) +2. Build new team from big tech companies ([https://i.redd.it/gd9evwxthht71.jpg](https://i.redd.it/gd9evwxthht71.jpg)). Hired dozens of people with experience in blockchain gamin, ecommerce and technology, product refurbishment and operations. +3. Raised almost 2 billions in capital(ended 2021 with \~1.3 billions) ([https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-year-2021-results](https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-year-2021-results)) +4. Expanded fulfilmment network ([https://news.gamestop.com/news-releases/news-release-details/gamestop-continues-expansion-fulfillment-network-new-facility](https://news.gamestop.com/news-releases/news-release-details/gamestop-continues-expansion-fulfillment-network-new-facility)) +5. Gamestop is leading the race to NFT market (1) with partnership with ImmutableX (2) and Loopring (3)using L2 which reduces transactions costs (L2 explained: (4)) + 1. Gamestop marketplace - [https://beta.nft.gamestop.com/](https://beta.nft.gamestop.com/) + 2. [https://news.gamestop.com/news-releases/news-release-details/gamestop-forms-partnership-immutable-x](https://news.gamestop.com/news-releases/news-release-details/gamestop-forms-partnership-immutable-x) + 3. [https://medium.loopring.io/gamestop-nft-marketplace-powered-by-loopring-l2-6cdb9289d937](https://medium.loopring.io/gamestop-nft-marketplace-powered-by-loopring-l2-6cdb9289d937) + 4. [https://www.youtube.com/watch?v=d7ulxd3R97E](https://www.youtube.com/watch?v=d7ulxd3R97E) +6. Expanded products catalog and partnership with PC gaming companies: Lenovo, Corsair, Alienware +7. Fast and free shipping in orders over #35 +8. and much more! + +&#x200B; + +&#x200B; + +*MSM: Gamestop has no plan:* [*https://www.youtube.com/watch?v=6Doa6PsSOM4*](https://www.youtube.com/watch?v=6Doa6PsSOM4) + +**Reality:** Ryan Cohen is well known to not show his cards to the competition for nothing. He works and delivers what needs to be delivered and he showed and proved with Chewy. + +As we could see above, Gamestop is evolving to be a technology company, improving its presence online, improving their brick and mortar stores to not only sell products but sell experience. + +On top of that, Gamestop is working hard in the NFT marketplace ([beta.nft.gamestop.com](https://beta.nft.gamestop.com/)). + +**One thing is sure, they DO HAVE A PLAN. They won't tell to their competitors what they are doing but things are moving AND FAST!** + +&#x200B; + +&#x200B; + +*MSM: The short squeeze already happened.* + +Reality: Accordingly to SEC report, the January runnup was due to the retail. ([https://www.reddit.com/r/Superstonk/comments/qb423e/unpacking\_the\_secs\_gamestop\_report\_and\_how\_it/](https://www.reddit.com/r/Superstonk/comments/qb423e/unpacking_the_secs_gamestop_report_and_how_it/)) + +1. SEC Official report: [https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) +2. SEC short interest >100% [https://www.reddit.com/r/Superstonk/comments/qavgl5/biggg\_gme\_is\_the\_only\_stock\_that\_staff\_observed/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qavgl5/biggg_gme_is_the_only_stock_that_staff_observed/?utm_source=share&utm_medium=web2x&context=3) +3. Short interest is self-reported and if mis-reported, they paid only small fine. For hedge funds it's considered costs to make business. +4. Short fees are rising (from <1% to +25%) + +There is no evidence that short were closed. Actually there are plenty of evidence that hedge funds are hiding short positions in ETFs and others mechanisms. There is a lot discussed and if you are interested, read the articles in DDs section. + +&#x200B; + +Conclusion + +So the quick answer for questions in the title is that MSM is misinforming people because hedges funds shorted GameStop and didn't and can't cover. So it's in their best interest that the Gamestop's shares decrease in price to buy them back. + +People are buying share and direct registering them which makes shares harder to borrow. Borrow fees went from <1% to +25%. + +&#x200B; + +EDIT: Added conclusion + +EDIT2: Thank you u/Conscious_Student_37 to point some english errors. + +&#x200B; + +Please I don't need any rewards use your money to buy stocks! I'm not looking for karma (I don't even know why do we need karma, I created this account to be able to participate in March when I bought my shares)... Whatever. + +**I want people be able to find this article when searching on google, that's all!** +I can't believe I haven't seen this yet here. I'm seeing people say RC buying in again caused this... ? + +That was not a RC buy, not DFV, not anyone buying who wasn't forced. + +What that was, was the DTCC computers liquidating a short hedge fund and buying back their shorts. That's why you saw ALL meme tickers pump, at the same exact moment. Even NON-meme tickers pumped. Look at amazon and meta at the same time, they shot up as well. + +The hedge fund (not sure which) could not meet their margin call probably two days ago, when the market was tanking. Our hedgie friends, like citadel etc, knew this fund failed their call and immediately started shorting the whole basket HARD for two days, knowing liquidation was coming. And this was it, market opened and the DTCC computers sprung into action - forcing the failed fund to buy back all shorts. + +A smaller player blew up this morning, and we got a taste of what MOASS would look like. Imagine "cascading liquidations" one after another, as more and more funds blow up. Expect halts like that all the way up, for days. + +edit: To all the people that are saying this is just "trust me bro". Look at the meme basket tickers from market open and the pumps, and explain to me why they would all violently blow upwards? could not be a willing buy-in (buying this way sets your money on fire for no reason) and would not be ETF covering (again, buying a way that pumps all meme tickers by 20%+ in mere minutes sets your money on fire). + +edit2: to everyone saying other tickers should've halted as well. well, they would've except they have much more liquidity. our favorite stock, our beloved gme, has no liquidity, and therefore halts first and hardest. +Hello world, sorry for being late, but better late than never, right? 😅 +I hope you all had a fantastic weekend, let's have some fun this week! + +Current price "30 minutes until close: 230.96 US-$" + +FAQ: + +Where do you get our numbers from? +- +I trade through my bank account and just refresh the page to see the current price. I then use my conversion app ( Euro to US-$ ) and post the result. +I try to post every 5 minutes, but I am at work so I can't guarantee it 😄 + +Why are your numbers different from the ones I'm seeing online? +- +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). +That's why my movement may differ from your sources online. + +I don't trust those germans, look at what they did in the 20th century...can I get another source? +- +Sure, you can take a look here...just remember to convert from € to $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is crucial, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +20 minutes in:                  229.19 US-$ + +25 minutes in: 229.43 US-$ + +30 minutes in: 229.92 US-$ + +35 minutes in: 230.66 US-$ + +40 minutes in: 228.58 US-$ + +45 minutes in: 230.90 US-$ + +50 minutes in: 230.90 US-$ + +55 minutes in: 229.80 US-$ + +60 minutes in: 229.92 US-$ + +65 minutes in: 230.78 US-$ + +70 minutes in: 231.51 US-$ + +75 minutes in: 231.21 US-$ + +80 minutes in: 230.29 US-$ + +85 minutes in: 230.84 US-$ + +90 minutes in: 231.70 US-$ + +95 minutes in: 231.88 US-$ + +100 minutes in: 232.37 US-$ + +105 minutes in: 232.67 US-$ + +110 minutes in: 233.16 US-$ + +115 minutes in: 232.98 US-$ + +So under normal circumstances, this would be it for today, but the US stock market won't open today, right? +I can keep you updated if you'd like...not every 5 minutes though 😅 +Let me know 🤗 + +130 minutes in: 232.92 US-$ + +145 minutes in: 232.98 US-$ + +160 minutes in: 230.53 US-$ + +175 minutes in: 231.94 US-$ + +195 minutes in: 230.72 US-$ + +225 minutes in: 230.72 US-$ + +240 minutes in: 230.53 US-$ + +255 minutes in: 231.27 US-$ + +270 minutes in: 231.15 US-$ + +285 minutes in: 231.02 US-$ + +300 minutes in: 229.86 US-$ + +315 minutes in: 229.31 US-$ + +330 minutes in: 229.92 US-$ + +345 minutes in: 229.37 US-$ + +365 minutes in: 229.31 US-$ + +375 minutes in: 229.43 US-$ + +395 minutes in: 229.62 US-$ + +420 minutes in: 229.92 US-$ + +435 minutes in: 230.90 US-$ + +450 minutes in: 230.78 US-$ + +465 minutes in: 230.72 US-$ + +480 minutes in: 230.66 US-$ + +495 minutes in: 230.72 US-$ + +510 minutes in: 230.84 US-$ + +525 minutes in: 230.84 US-$ + +540 minutes in: 230.78 US-$ + +10k upvotes, 250 awards, what is wrong with you?😅 +Thank you so so much, I'm really thankful for every single one of you! +I hope that you have a great day, please stay hydrated and take care of yourself 🤗 +I have some things to do, so I don't think that I can keep this 15 minute schedule up...but I mean, look at it, there's not really much action going on 😅 +I will update you as often as I can but I have no idea how often that will be + +Again, thank you all so much, you're all much appreciated!! + +555 minutes in: 230.66 US-$ + +570 minutes in: 231.02 US-$ + + +30 minutes until close: 230.96 US-$ +# Good Morning Fellow MOASS Enthusiasts. + +Its been a while since I have felt compelled to make a post that isn't complete nonsense and I do hope it jacks your tits. + +*DISCLAIMER 1. I am not a financial advisor, I have 16 months of trading experience which consists of buying GME, DRSing GME, holding GME and spending an inordinate amount of time reading shitpost's on Superstonk. I also love tinfoil.* + +*DISCLAIMER 2. I am going to talk about another stock here. Mods pls dont delete. Everything we discuss here will be with the sole purpose of comparing the similarities to GME and the situation we currently find ourselves in.* + +With the formalities out of the way, lets move on. + +# Part 1. What the fuck is happening right now? + +Ok here's how I see it: + +The board have announced the date of the shareholders meeting as of June. GME holders at the record date of have been asked to vote on a number of things, the most important being to increase the the number of shares they can distribute from the current 300m to a total of 1 billion. The board say this is so they can split the stock by way of dividend and also retain some on hand to give out as employee/director compensation. + +We are not voting on a stock split. + +I have seen this a lot so it bears repeating. We are voting to increase the number of shares the board can distribute by way of a stock split. The board could right now do a split of 3:1 without a vote. This signifies their intention is to split the stock at a higher ratio. + +[https://news.gamestop.com/static-files/5af6f18f-71a0-45c6-a0c4-11ac4558c20e](https://news.gamestop.com/static-files/5af6f18f-71a0-45c6-a0c4-11ac4558c20e) + +https://preview.redd.it/txigzftgltx81.png?width=1917&format=png&auto=webp&s=40976539ac252054609c0f5ecf633509943e6da6 + +Aside from DRS, voting is THE SINGLE MOST IMPORTANT THING TO FOCUS ON RIGHT NOW. The board recommend voting "FOR" each line. That is what I have done personally. + +We have all seen the NFT marketplace and wallet developments and I don't intend to dwell on that too much here, other than to point out what I believe to be a very important factor in this. + +**GME ENTERTAINMENT LLC.** + +&#x200B; + +# PART 2. What the fuck is GME ENTERTAINMENT LLC? + +GME Entertainment LLC is a separate company that is the entity in the Gamestop NFT/Wallet terms and conditions here: + +[https://wallet.gamestop.com/terms](https://wallet.gamestop.com/terms) + +https://preview.redd.it/w0oduuepltx81.png?width=2554&format=png&auto=webp&s=5f32da1dd40f65ee4a20dceef855bc6ec1487c07 + +GME Entertainment LLC is the named counterparty in the IMX partnership agreement here: + +[https://news.gamestop.com/static-files/713417ad-e18f-4f2c-bc1c-312f536d8b36](https://news.gamestop.com/static-files/713417ad-e18f-4f2c-bc1c-312f536d8b36) + +https://preview.redd.it/5kkoc11sltx81.png?width=1922&format=png&auto=webp&s=58d6d8c082ab7dfdd1197e4467a6c8f5434ae48f + +OK. So we can clearly see the legal entity that will be responsible for the upcoming NFT marketplace, Wallet and whatever else RC is cooking up for us will be GME ENTERTAINMENT LLC. A separate entity from GameStop Corp. + +GME Entertainment is a subsidiary of GameStop Corp. + +&#x200B; + +[For the smooth brains in the back we are looking at the NOUN](https://preview.redd.it/j4mqabpdmtx81.png?width=1727&format=png&auto=webp&s=01f69cee9826e516ccca3347aec9ad896e2ad3a2) + +It is my firm belief we are about to see a Carve-Out of GME ENTERTAINMENT LLC. + +&#x200B; + +# PART 3. What the fuck is a Carve-Out? + +&#x200B; + +https://preview.redd.it/m3hoxrn4ntx81.png?width=918&format=png&auto=webp&s=e5c28f6bb8f7e5757c09e6024f4555de3ef5f323 + +But Sneak, why do you think we are going to see a carve out I hear you ask? + +Here is why: + +https://preview.redd.it/y3krbaenntx81.png?width=1545&format=png&auto=webp&s=633466b2e561bddb8f2f5e78e8d787f85da64588 + +This role was advertised by GameStop 6 months ago and is no longer listed on their site. + +[https://www.reddit.com/r/Superstonk/comments/qruywj/gamestop\_crypto\_company\_spinoff\_might\_be\_coming/](https://www.reddit.com/r/Superstonk/comments/qruywj/gamestop_crypto_company_spinoff_might_be_coming/) credit to this post for this snippet. + +We can clearly see GameStop looking for staff with Carve-Out experience and now we know more about GME ENTERTAINMENT LLC we can see, as usual, that the previous DD from the time was absolutely correct. + +&#x200B; + +# PART 4. What the fuck does this all mean? + +Honestly, this is the part where we move from fact to theory. Putting all tinfoil aside such as NFT dividend, fractionalised Wu Tang album and Tokenised Stock Market etc. I will give you my best guess scenario of what we are about to see and why I believe this. + +1. GameStop holds the annual shareholders meeting in June. +2. Voting results are counted and authorised shares goes from 300m to 1b shortly after. +3. NFT marketplace/Wallet etc is formally launched. +4. GME Entertainment LLC is Carved Out and its announced that shareholders will receive a number of shares in this company relative to how many they hold in GameStop Corp. +5. GameStop Corp price increases as people rush to secure shares in GME Entertainment LLC. +6. GamesStop Corp shares are split by way of dividend thereafter. + +It is my personal belief that there will be NO SUPRISES. RC is going to make public announcements on all of this well ahead of time. Everyone, including shorts, will be given plenty of advanced notice on what is going to happen. + +We have all read the DD, believe in MOASS, and have a good understanding of the repercussions this will have across the market. + +Put yourself in RC's shoes for a moment. You know that once this thing kicks off, shorts are fucked. You also know that this means many innocent bystanders with their 401k's and pensions sitting with these financial criminals are also fucked. We have seen how MSM like to twist the narrative and it is not a stretch to imagine that they will be looking for a scapegoat. + +If it was me, I would want to be able to stand there and say everyone had fair warning. Perhaps this is why we have seen RC building his own narrative with his Twitter statements on the economy recently. + +&#x200B; + +# PART 5. What the fuck is BBIG? + +Calm your tits. I am not pushing BBIG and I gave you a disclaimer at the start. I do not hold BBIG and do not care if you do. + +BBIG is a stock I see pushed about on other subs as a potential short squeeze candidate. + +I pay no attention to it generally but today I am compelled to discuss it for the reasons outlined below. + +BBIG rose 45% yesterday after hours (May 5th) on the announcement that "May 18, 2022 has been set as the record date for the dividend of shares of common stock of Cryptyde, Inc. ("Cryptyde") to be distributed to Vinco stockholders in order to effect the separation of Vinco and Cryptyde into two independent, publicly traded companies." + +[https://www.prnewswire.com/news-releases/vinco-sets-record-date-and-distribution-date-for-planned-business-separation-of-cryptyde-301541343.html](https://www.prnewswire.com/news-releases/vinco-sets-record-date-and-distribution-date-for-planned-business-separation-of-cryptyde-301541343.html) + +&#x200B; + +[spend your money on GME, dont even think about it \(not financial advice\)](https://preview.redd.it/9ayzoi9wttx81.png?width=1715&format=png&auto=webp&s=3759b40cbef6caaf424f0e619347972ab6a25486) + +As you can see, the similarities between BBIG and our potential GME ENTERTAINMENT LLC carve out are striking. BBIG is carving out its subsidiary Cryptyde and the announcement of the record date has caused a 45% jump in price on what is quite possibly one of the worst performing days on record. + +I am watching BBIG to see what happens next as it could give us an indication of what to expect should we see a carve out of our own. + +This could also be a fake out by SHF to dampen spirits so bear that in mind. (POPCORN NFT MK2). + +&#x200B; + +That's it from me today, I hope you enjoyed my ramblings and I look forward to the comments. + +Dont forget to BUY, HOLD, DRS and VOTE YOUR FUCKING SHARES IF YOU CAN. + +Stay frosty. +Benjamin Graham, author of the investing tome *The Intelligent Investor* advocated buying stocks trading at less than their net working assets (cash in the bank minus any debts). In theory, this sounds great but very few stocks trade that cheaply anymore, apart from scandalous small caps allegedly with accounting frauds. + +One of Benjamin Graham’s investment criteria instructs conservative investors to avoid trading stocks trading above 1.5x their book value. If one would have followed this advice, in the last decade they would hold nothing but a few insurance and bank stocks. + +Just before Graham died in 1976 he was asked if detailed fundamental analysis of stocks (a technique he became famous for) was still a favorable investment strategy, his exact words were - + +>“In general, no. I am no longer an advocate of elaborate techniques of security analysis in order to find superior value opportunities. This was a rewarding experience, say. 40 years ago, when our textbook \[Security Analysis\] was first published. But the situation has changed a great deal since then." + +&#x200B; + +*PS. Graham's wisdom such as the ideas of 'Mr. Market' and 'Margin of safety' are timeless.* +Hi guys, I’m relatively novice (8 months of investing). I lost around 20% of my entire portfolio value in the past 1.5 weeks, and I’m getting seriously nervous if that keeps going on. + +I know the rule: don’t invest what you are not willing to lose, but considering that my portfolio is made of solid stocks and ETF (AAPL, MSFT, TSM, NERD, VWRA and ARKK) I know it will rebound at some point. + +But I have no idea how many more red days are we going to see, and how to deal with this psychologically, as it’s super stressful now. +Never purchased property, so this is all new. I wonder how investors make a living off of their real estate. + +Suppose I purchase a $350k duplex in my home city with a population of 320k and a market rate of $1.1k/mo rent per unit. After taxes and operating costs, this would have an annual cashflow of $3491 and NOI of $21.5k ([diagram](https://imgur.com/a/TrZrZUe)). This assumes only $1k in annual maintenance expenses and excludes property management, which is probably unrealistic. + +On a $150k salary, I'd have to own \~42 units to quit my job and live off the monthly income. The only way I can see someone pulling this off is with a strategy like: + +1. Buy 1-2 duplexes. +2. Grow equity for 5-10 years, then sell. +3. Use profit as down payment for larger properties that can house more units for a lower price per unit (e.g. fourplex). +4. Rinse and repeat. + +This example is anecdotal, so please don't focus on whether it would be a good investment. I'm more interested in understanding what underlying strategies investors use to grow from a couple duplexes to 50+ units. Is the strategy I described on the right track or is there a better way to accumulate units? +> President Donald Trump's administration vowed to increase tariffs on $200 billion worth of Chinese goods over the weekend, marking a huge upheaval in the two countries' yearlong trade war. + +> US officials said on Monday the move was prompted by China's "retreating from specific commitments that had already been made." + +> According to a new Reuters report, China had deleted swathes of text from a tentative trade agreement that promised to change laws to resolve US trade complaints. + +> The tariff increase is scheduled to go into effect on Friday, May 10. + +https://www.businessinsider.com/china-deleted-chunks-of-trade-deal-it-didnt-like-angered-us-report-2019-5 +I know there are similar posts about buying property but many of the comments seem to be people that already have property. I am 29, in Brisbane and have saved a deposit (nearly) but the thought of being leveraged up to my eyeballs on a $800,000 house that is way overvalued makes me feel a bit ill. +What are the options now for the many young people in my situation? Living in the middle of nowhere just isn’t an option. Live in a bus? I’m starting to feel very worried about my future prospects and housing security. It really just doesn’t feel fair +We are building an RPG with collectibles, on the blockchain. Because of this, we really want to make sure we get the in game economy right.I'm looking to find someone who firstly has a degree in Economics and secondly someone that understands these types of games. I have a decent background in math, but I don't trust that I'll be able to get everything as fine tuned as someone with actual qualifications. + +Is this a thing, and where would I find them? How much would I expect them to charge? + +My biggest concern isn't that I can't solve problems as I think of them. It's that I won't even see a problem until it is too late. Any help would be appreciated. +**TL;DR: Just like Michael Burry and RC called out shorting on GME in their investor letters, secretive Swiss family office Memento S.A. openly called out naked shorting on their Sears stock and demanded something be done. This was months before Sears went bankrupt, and years before Sears "squeezed" alongside other zombie stocks last January 2021.** + +EDIT: Just got reported that I'm suicidal while playing PS4 so guesssss we're on the right track fuck you Kenny pay us + + +**EDIT 7: added at the bottom but we might have a Swiss investigtory journalist ape that might reach out to Memento S.A.!** + +In recent posts--whether discussing "The Big Mall Short" and how Carl Icahn, Apollo Global shorted malls in CMBX.6, or a recent post on negative cost to borrow rates--I've been finding ever more and more historical fuckery for older now non-existent stocks. Just last post, I covered how I had my own TIL with Krispy Kreme, and its insane FTDs when it first launched: + +&#x200B; + +https://preview.redd.it/ftc56qgb7bg81.png?width=1351&format=png&auto=webp&s=07e11a0b674bc7f6552161ffffefdf17bd595498 + +Not before going into the fact that Sears had its own NEGATIVE cost to borrow rate at one time. + +&#x200B; + +Sears is important to the GME saga for many reasons, not least of which it was one of the zombie stocks that sneezed in January, and was caught by users such as u/joncohenproducer in posts like these: + +&#x200B; + +https://preview.redd.it/u6h94s0x7bg81.png?width=915&format=png&auto=webp&s=aeb5540a48f46f55cc41978e340ce8f8f132337c + +As one of the most dark parts of the saga, the rise of zombie stocks (dead or bankrupted companies) and their securities moving both during and after the sneeze matters very much to what happened during the sneeze, what may have been planned for GME, and a history of the fucking of American & global workers, pensioners, and investors worldwide. + +Which is why I was surprised to find a quiet family office in 2017 had sent a letter just a few months within the year before Sears went tits up. + +&#x200B; + +https://preview.redd.it/vpuq2t8e8bg81.png?width=400&format=png&auto=webp&s=f1fa506d2c5d0a036ffc8681cceda2fcb84a6b1a + +The most recent family office that everyone now knows is Bill Hwang's Archegos, which may have blown up and potentially left Credit Suisse bagholding. They aren'y required to disclose in the same manners that hedge funds are with the SEC, and often lie in the dark. + +Which is why I was surprised to hear that one spoke up. Specifically about Sears, months before it went bankrupt. That family office was Memento S.A.: + +>\*\*About Memento:\*\*Memento is a Geneva-based long-term oriented value investor seeking to identify deeply undervalued opportunities in which boards of directors can take immediate and decisive action to significantly increase shareholder value. Memento is the investment manager of the Elarof Trust, a shareholder with nearly 2 million shares of ownership in the Company, and acts as family office of the Swiss-based Spadone family, the beneficiary owner of the Elarof Trust. +> +>Memento seeks to engage in constructive dialogue with Sears' Board and management. Memento has retained Olshan Frome Wolosky, LLP as legal counsel to advise on its engagement and discussions with the Company.  +> +>\*\*Investor Contact:\*\*Alessandro Mauceri + +&#x200B; + +[Either their current or old office in Geneva, Switzerland](https://preview.redd.it/diold3yx8bg81.png?width=1168&format=png&auto=webp&s=f3de8146f4a16bb4b1b168bfefa31efab808d885) + +This letter was addressed to Sears boardmembers in the wake of then fuckstick and hedgie extraordinaire CEO Eddie Lampert mismanaging the company into a fucking wall. What they chose to openly talk about (I could feel them wanting to wring some necks with this one) is something all GME and meme stock holders are accustomed to: + +&#x200B; + +[Baron von Fuckstick extraordinare Eddie Lampert](https://preview.redd.it/0v7o466szag81.png?width=1893&format=png&auto=webp&s=967b6e826e766dd029968aa2004124e5c204f5c6) + +The three slides reading Figure 1 2 or 3 are from the **actual** letter. All others are ones I included: + +&#x200B; + +https://preview.redd.it/4121ehyayag81.png?width=1546&format=png&auto=webp&s=ee5b91bad0aa6e385609def8aa3ebdd103ff33a8 + +*Link*: [https://www.prnewswire.com/news-releases/memento-delivers-open-letter-to-sears-holdings-board-300568216.html](https://www.prnewswire.com/news-releases/memento-delivers-open-letter-to-sears-holdings-board-300568216.html) + +&#x200B; + +GENEVA, Dec. 7, 2017 /PRNewswire/ -- **Memento S.A. ("Memento"), the family office of an investor in Sears Holdings Corporation ("Sears" or, the "Company") (NASDAQ:** [**SHLD**](https://www.prnewswire.com/news-releases/memento-delivers-open-letter-to-sears-holdings-board-300568216.html#financial-modal)**), delivered a letter to Sears' board of directors (the "Board") today to express concerns regarding historical patterns of alarming short-selling activity in the Company's shares and to ensure the Board is taking whatever actions may be required to curb any similar short-selling issues that may arise in the future.** + +The full text of the letter follows: + +December 7, 2017 + +Sears Holdings Corporation Board of Directorsc/o Corporate SecretarySears Holdings CorporationLaw Department3333 Beverly RoadHoffman Estates, Illinois 60179 + +# Dear Board Members: + +The Elarof Trust ("Elarof") is a shareholder of Sears Holding Corporation ("Sears" or, the "Company") with nearly 2 million shares of ownership in the Company. Memento is the investment manager of the Elarof Trust and acts as family office of the Swiss-based Spadone family, the beneficiary owner of the Elarof Trust.  + +We are a long-term oriented value investor seeking to identify deeply undervalued opportunities in which boards of directors can take immediate and decisive action to significantly increase shareholder value. + +Sears represents a significant investment for Elarof, and we have invested in Sears because of our belief in the long-term value of its vast national network of over 1,100 Sears and Kmart retail stores across the United States, the strength of its well-established proprietary brands, its position as the nation's leading provider of appliance and product repair services, and its insurance subsidiary. Our investment in Sears has taken in to consideration many factors, including its significant stakeholders who are closely aligned with its success, such as its vendors, customers, and over 140,000 employees. We believe Sears has the potential for strong financial performance once it addresses a few critical concerns including, among others, the high volume of short-selling activity in its shares. + +**We are writing at this time to highlight certain issues that have been plaguing the Company's shares on-and-off over the past two years that require your immediate attention to prevent further deterioration in shareholder value**. We have been closely monitoring these recent developments at Sears and, while we remain optimistic about the Company's potential for long-term growth and shareholder value creation, we seek to engage in constructive discussions with the Company's Board of Directors (the "Board") and management **to address our deep concerns surrounding the integrity of the Company's securities ("SHLD shares" or, the "Common Stock").**  + +&#x200B; + +[Figure 1 from their letter.](https://preview.redd.it/40ym0ra4zag81.png?width=399&format=png&auto=webp&s=d0a6eed09f14805a8c23ec6b60720799695b7d6c) + +**There have been several occasions over the past two years in which the market has indicated that more short positions exist in the market than SHLD shares available to borrow, as shown by the unusually high volume of short-selling activity relative to the Company's real available float of outstanding shares.** For the reasons set forth below, we believe that this shortage of available shares in the marketplace heightens volatility and places downward pressure on the share price. + +&#x200B; + +**We believe the Board must promptly investigate and address this activity to prevent further decline in shareholder value, including (i) the formation of an independent Board committee to look after the equity ownership interests of all shareholders, (ii) seeking an SEC investigation in to the potential violations of Regulation SHO and a temporary suspension of short-selling in SHLD shares, and (iii) the evaluation of strategic alternatives such as going private.** + +Our interests are aligned with all Sears shareholders in seeking stable and sustainable growth in the value of SHLD shares. As such, we respectfully request the Company provide its investors with adequate assurances that it is taking the steps necessary to effectively address the urgent problem of naked short selling in its shares by establishing sophisticated internal controls and seeking appropriate regulatory action. + +# Excessive Short Interest + +Naked shorting involves selling a stock short without first locating the shares for delivery at settlement. Such a practice is in violation of Regulation SHO, a 2005 SEC rule. Regulation SHO provides that brokerage firms may not accept orders for short sales without having borrowed the stock or having "reasonable grounds" to believe that it can be secured. **This is known as the "locate" requirement. The SEC further noted that the practice of naked short selling can be abusive and drive down share prices.** + +We have observed on several occasions that the number of shares of Common Stock outstanding have fallen below short interest activity as measured by real available float. **As shown below, short interest in SHLD shares has fluctuated between 12 to 19 million shares in the past two years. In early 2017 we identified that, not taking derivatives into account, there were more stocks lent than the real float, causing a deficit of 3.6 million shares.** + +[Figure 2 from their letter.](https://preview.redd.it/12jqiddxyag81.png?width=400&format=png&auto=webp&s=75949707d88c740b46e80b9dda95411595e4ca75) + +**We observed similar behavior in options activity for SHLD shares. Based on our analysis, it would not be possible for market makers to appropriately hedge their investments and, consequently, deliver the shares of options when exercised. If all of the open put or call contracts were exercised, it would be impossible for market makers to locate and deliver shares for settlement within the legally required time period of three business days.** + +**Sears' put open interest as a percentage of shares outstanding has fluctuated between 30% to 40% of the Company's market capitalization, indicating that between 30 to 40 million shares are waiting to be delivered for these contracts. This is despite the fact that the Company's real available float remains between 12 to 20 million shares.** + +&#x200B; + +[Taken from a Baker Street Capital slide deck on Sears, that I posted in another recent post](https://preview.redd.it/0fr33pq90bg81.png?width=1159&format=png&auto=webp&s=8e09b90cbb59a8dc490a1f504e02a7e597e150b8) + +The call open interest is also rising but remains well below the put open interest. + +**We have learned through our own experience in lending SHLD shares that several institutions/brokers were unable to timely locate shares when we recalled them. It took ten or more days for us to receive our lent shares back.** + +**We recalled about 1 million shares twice this year with various institutions/brokers in order to transfer the shares to another counterparty. In both cases our brokers failed to deliver, and the SHLD share price soared between 30 to 100% after our recall.**  + +&#x200B; + +[Remind you of any company?](https://preview.redd.it/ahclar710bg81.png?width=744&format=png&auto=webp&s=33e6281aceaa2f2c3605ba7d19c18066637b8880) + +**When asked to explain their delay, these institutions/brokers indicated that the shares may have been borrowed by market makers who are subject to less stringent locate requirements and who have the ability to return shares later in certain circumstances as a result. We observed that the SHLD inventories for borrowing stocks were massively below what was reported to the SEC, and Markit informed us that the double-counting of some stocks could cause them to be lent over several times. This is alarming and demonstrates that the same shares may be sold short more than once.** + +&#x200B; + +https://preview.redd.it/5q7k3okkzag81.png?width=905&format=png&auto=webp&s=d02249b30a0115c5380aa3dba66d0abd5fa3ca32 + +**We also note that the lending rate of Sears in 2017 has often reached levels close to 100%, indicating a high borrow cost that creates further incentives for naked short selling**. This high interest rate raises the specter that market makers are engaged in naked short selling to avoid the high borrow cost associated with covered short sales. + +Such behavior would violate the requirements of Regulation SHO. **As their only recourse to prevent such an outcome, institutions/brokers would be forced to buy SHLD shares in the open market, which risks causing a spike in the price of SHLD shares, a pattern that would artificially distort the Company's value and increase its volatility in the marketplace.** + +&#x200B; + +[From another post referencing this SeekingAlpha bit, mentioning a sneeze in early 2017 just a few months before this letter](https://preview.redd.it/qhjla6xt6bg81.png?width=1335&format=png&auto=webp&s=65eb535ddd4dc72847f8a943aff46a421aae4728) + +The shares of SHLD stock owned by restricted shareholders cannot be borrowed against in the marketplace to cover short sales. **Taking this in to account, the real float of Common Stock has fallen below the short interest on several occasions in the past two years**. Sears has reason to know this occurs based on the volume of short-selling activity in the marketplace compared to the percentage of outstanding shares restricted from securities lending. It is clear to us based on our own experience in securities lending of SHLD shares and monitoring the Company's real float that there have been repeated instances of widespread naked short-selling in the Company's shares, with the short interest exceeding total Common Stock outstanding when excluding restricted shares. + +&#x200B; + +https://preview.redd.it/y1ianbq26bg81.png?width=1280&format=png&auto=webp&s=62d44997260dcbf67c61d01fe72b188c59a56485 + +Naked short selling has the effect of placing immense downward pressure on share price over time, since an unlimited supply of any commodity, including SHLD shares, places downward pressure on its price. At a time when Sears' employees, vendors and customers worry about the Company's long-term viability, we believe that the Board must treat this particularly delicate matter with the highest priority. **Immediate action is necessary from the Company to prevent further destabilization and depression in the price of SHLD shares.** + +**We request that the Board establish an** ***Equity Ownership Committee*** **comprised of independent Board members for the purpose of protecting the interests of all shareholders by monitoring real float versus short interest and seeking stable and sustainable growth in the price of SHLD shares.**  + +We further recommend that the Board seek a temporary restriction on short-selling in the SHLD shares to allow the Company to instead focus on more urgent operational priorities. **In addition, we believe that these facts warrant an SEC investigation in to the repeated instances of naked short-selling of SHLD shares in violation of Regulation SHO.** + +Lastly, we recommend that the Board consider strategic alternatives such as going private to allow the Company to focus on enhancing long-term shareholder value instead of monitoring short-selling activity in the marketplace. + +We look forward to continuing our discussions and engaging with the Company to address these troubling concerns on behalf of all shareholders.  + +Sincerely, + +Alessandro Maucerimemento S.A. + +\----------------------------------- + +&#x200B; + +The letter reminds me of among many things in the saga, even the letters that investors like Michael Burry sent to GME: + +&#x200B; + +>**Through August 15th, a total of 11 trading days, 50,399,534 shares have traded. At this rate, for the month of August and for the third month in a row, the number of shares traded will exceed the total number of shares outstanding.** Because of such high volume, we maintain that GameStop could pull off perhaps the most consequential and shareholder-friendly buyback in stock market history with elegance and stealth.... +> +>Notably, as of July 31st, 2019, Bloomberg reports short interest in GameStop stock at 57,226,706 shares – **this is about 63% of the 90,268,940 outstanding GameStop shares at last report.** + +Or even Ryan Cohen, now Chairman of the company: + +&#x200B; + +>Unfortunately, it is evident to usthat GameStop currently lacksthe mindset, resources and plan needed to become a dominant sector player. The Company remains in long-term secular decline due to its apparent unwillingness to pivot with urgency and grow with gamers. As evidence, stockholders have seen the value of their equity decline by nearly 68% over the past three years and decline by nearly 85% over the past five years. 2 GameStop is also one of the most shorted stocks in the entire market, which speaks volumes about investors’ lack of confidence in the current leadership team’s approach... + +&#x200B; + +Both Michael Burry and RC are investing geniuses, and I know that given what happened with Sears and Memento S.A. watching while its stock was shorted into the fucking ground, they know even if not the specifics of this letter, know of the specifics of thousands of letters like this all watching as their stock gets stuffed into the cellar... + +&#x200B; + +**TL;DR: Just like Michael Burry and RC called out shorting on GME in their investor letters, secretive Swiss family office Memento S.A. openly called out naked shorting on their Sears stock and demanded something be done. This was months before Sears went bankrupt, and years before Sears "squeezed" alongside other zombie stocks last January 2021.** + +&#x200B; + +\------------------------------------------------------- + +EDIT 2: While we're here, reminded me of this Sears fact I saw in the T I L reddit of sub, but did you know: **"TIL Sears once sold on mail order an entire house as a giant DIY kit. There were over 370 home designs, and the house had over 30,000 parts worth 25 ton**s". And it could be assembled in 90 days! This was back when Sears was basically Amazon before Amazon! + +[for pun lovers, some pick me ups from mayo filled crime](https://preview.redd.it/x1osk7gmrcg81.png?width=785&format=png&auto=webp&s=e08f75c13567bc79f6471e21b60169369f0c77c8) + +Also someone pointed out this is apparently a really famous cheesy Sears ad. For pun lovers: + +[https://www.youtube.com/watch?v=4rqZZgVxnCk](https://www.youtube.com/watch?v=4rqZZgVxnCk) + +&#x200B; + +# EDIT: WOO! SOMEONE JUST POPPED MY CHERRY! I JUST GOT REPORTED FOR SUICIDAL THOUGHTS WHILE PLAYING ON MY PS4 LOL GO FUCK YOURSELF KENNY + +Also can anyone vouch? LOL look at the crisis number, this would be a funny irony: + +>A concerned redditor reached out to us about you. +> +>When you're in the middle of something painful, it may feel like you don't have a lot of options. But whatever you're going through, you deserve help and there are people who are here for you. + +&#x200B; + +>Text CHAT to Crisis Text Line at **741741** + +**That number...** + +EDIT 4: Last thing, some of you apes reminded me of an amazing thing that Dr. Trimbath said recently as she had apparently addressed what had had companies like Sears in her book "Naked Short and Greedy": + +[https://twitter.com/SusanneTrimbath/status/1490070909863956480?cxt=HHwWgMCsiaHm5a0pAAAA](https://twitter.com/SusanneTrimbath/status/1490070909863956480?cxt=HHwWgMCsiaHm5a0pAAAA) + +Whether it be GME, Sears, or any other injustice, find your pitchfork moment and protest against it. Buy, hold, DRS. + +&#x200B; + +EDIT 5: tres cool mes amis et mon apes! + +&#x200B; + +https://preview.redd.it/5auys6mp8gg81.png?width=620&format=png&auto=webp&s=5d29d53fb72ce132b5d8d09f3d566dc3eb511414 + +turns out we have a badass swiss ape from superstonk hot on the trail! Say hello to u/de_bappe! + +[https://www.reddit.com/r/Superstonk/comments/smggok/rc\_sears\_tweet\_cracked\_skull\_and\_sears\_a\_skull\_is/](https://www.reddit.com/r/Superstonk/comments/smggok/rc_sears_tweet_cracked_skull_and_sears_a_skull_is/) + +You can read their comment in u/Flokki_the_Monk, and I'm sure mods can verify further if needed (posts show their def Swiss! fondue gang 4 lyfe!) but they are looking to reach out to Memento S.A. potentially! + +>**Okay apes. I’m a independent journo based in switzerland and this got my butthole tingling like crazy. So I’m going to contact MEMENTO SA and try to get them to talk to me with this email. Can any wrinklier brains proof read this in case I got something wrong? Thanks** +> +>Hello +> +>My Name is ———, a journalist based in switzerland, and I’m currently working for ———. +> +>I’m researching any swiss involvement in the GamesStop incident from a year ago. It is my belief that the practice of naked shorting is being used to purposely bankrupt companies unlucky enough to be targeted by the entities that conduct the naked shorting. + +Go read that thread and provide u/de_bappe any proofreading or ideas you might have! + +&#x200B; + +[No friends lost here! We got your back u\/de\_bappe!](https://preview.redd.it/wd76z9e0agg81.png?width=1113&format=png&auto=webp&s=78da71571eae51d0ee8cf5f900e9027bb903baf5) +Got a modest amount sat in a UK savings account. Since the IR got slashed I'm considering taking it out. My SIPP is sat in the LifeStrategy® 100% Equity Fund and it's gained +34% (5k) since I invested in the covid crash. Thinking of buying more but the fund has probably plateaued in the medium term although I'm sure I can easily beat the 0.5% that banks are offering. + +Am I any better off buying through Trade 212 or Vanguard? + +Thoughts? + + +I’m wanting to pose a scenario to this group and see if anyone can poke holes into this plan. + +I have a lot of equity in my home currently. I bought it 5 years ago on 15 year note so an aggressive payoff schedule and appreciating home values have left me in good position. I’m wanting to take out a HELOC to buy 100 shares of either an s&p index fund (spy)or nasdaq index fund (qqq). My plan would be to buy the shares and then sell a covered call every month. The premium collected would be used to pay down the HELOC. My thoughts are that by doing this for 6-7 years, the HELOC will be paid off and I will have 100 shares of an index fund that has grown over 6-7 years. Even with doing this, I’m still in a great position on my home. Rate on the HELOC is 4% fixed so I’m not overly worried about rates sky rocketing + +My thoughts are that I would be able to amass a decent portfolio using other peoples money. Let me also preface this by saying I’m in my early 30’s and make good income so I could float the payment on the HELOC if for some reason i wasn’t able to sell a covered call. I have 401k, emergency savings, and everything else so that’s not really a concern. I also plan on being in my home for many years so I’m not worried about that. + +Let me know if there is something I’m missing! +So from last year after covid crash there are many reports from different brokers that the retail participation has drastically increased in Indian stock market. The overall sentiment from experts over this change is that this is very good for overall economy and its sign of long term growth story. + +But I am not able to digest this sentiment fully. In my limited knowledge if more retail participation helps companies to raise capital then it makes sense e.g. IPOs and corporate debt instruments but how increase in trading and long term investments in equity helps grow the economy? + +What are your thoughts and insights? +Does anyone know how to make money as a handicapped teen I have one leg and am still waiting to get a new prosthetic I’ve been depressed and lazy for a while but finally came out of the pit hole does anyone know how to make money I have a single mother and 2 siblings and I need to help out financially in some way or imma failure of a man and a son.I live in Upstate Ny +I want to make a lot of money. (like everyone else) + +Are there any tips or recommendations that anyone would have done if they could go back to when they were my age (19) with more time and less responsibilities? + +I have a decent amount saved up and all of this free time with Covid is making my inner entrepreneur go crazy. +As the Beatles have wisely taught us, money can't buy you love. I feel that money is certainly not the be all and end all of happiness. + +However as a person who has always struggled financially, I've always wondered how different it would be to not worry about bills and rent on a monthly basis; To not have to be concerned with the monthly minimum payback amount on the credit card statement; To be able to spend time doing things that I consider creative, important and beneficial, rather than having to work a mundane unfulfilling desk jockey job. + +So for those of you that started with nothing, but have through one way or another come to be well off. + +How does it feel? + +What changes? + +Do you worry more about money (keeping it, losing it) now that you have it, or did you worry more when you had none (how do i get it? etc)? + +UPDATE: Thanks for the responses everyone, it's interesting to read about different perspectives. + + +Good day, Reddit Nation! I want to share my journey to $1 million in net worth, a goal which I have nearly attained. I hope this post inspires you, especially the younger ones on this forum — that with time, discipline, and patience you can reach your goal without a ton of heavy lifting. + +To set the stage, I am not a trust fund kid. I’m not an executive with a 6-figure salary. I haven’t received any major windfalls. I have gotten here pretty “organically.” + +I live in a reasonably low/average cost of living area. I’m 41/M married to 35/M. No kids. We are frugal but not on a FIRE journey, per se. We like to find a good bargain. We travel during off-peak times, which helps in that area of the budget. We tend to like simpler things but will indulge ourselves from time to time. But if we don’t need something, we don’t buy it. Clutter equals wasted money and wasted money equals wasted time. + +Assets: +Retirement (combined): $720K +Home equity: $130K (Home value $252K - $122K mortgage — our only debt) +Cash on hand: $50K +Health Savings Accounts: $10K +Retiree Health Reimbursement: $60K + +Total Net Assets: $970K + +Income: +The last two years we were at approximately $160K gross combined, each around $80K. Before that we spent a few years in the $120-130K range. We (especially he) have worked extra OT during the pandemic, and he did get a promotion and 10% raise last year so we should stay around this mark or higher for the foreseeable future. Net take home pay averages out to around $7500 per month after taxes and deductions. + +Expenses: +We don’t believe in “lifestyle creep” and our expenses have remained as steady as possible as our income has increased. + +Essential Fixed(ish) Expenses: +House (mortgage and utilities which includes phone/TV/internet) $2300. +Groceries and eating out $800. +Car insurance/gas/maint $400. +Total $3500 + +What I’ll deem variable and/or nonessential expenses, like clothing, vacations, home projects and maintenance, nights out, etc typically run us $1500 a month on average. So we are able to bank around $30,000 a year. + +How we got here: +When we married seven years ago, he was pretty well at break even. Not a lot of savings, and some student loan debt which we paid off in just over a year. So I’ll focus mostly on my journey. + +Through high school: +I come from modest means but my parents were able to save a few hundred dollars a year in my name in bank savings accounts and CDs. Remember this was in the 80s and 90s when banks actually paid decent interest on these accounts. By the time I started college, they had saved around $15,000-$20,000 toward my future. + +College years: +I was encouraged to do well in school. Learning came easy for me. I finished second in my graduating class, earning a full, four-year scholarship to a local state university that happened to have a solid program in my major of choice. I was able to live at home, commute to school, and work half-time at a job making a little more than minimum wage. With other scholarships I earned during my college years, my net overall cost of college (books, fees, etc) was just over $800. With the money I saved from my part-time job, I was able to keep and add to my savings. At age 22, my net worth was roughly $30,000. + +My Twenties: +After college, I worked full-time, making around median earnings. I remained at home after college for a few years. My expenses were low — my car, insurance and gas, my phone, and a couple of bills I regularly helped with around the house. My parents always said if I was smart with my money, they wouldn’t charge rent as they wanted to see me save. (Talk about incentive to save!) I was able to save one paycheck or more and spend the other or less each month. I also started saving in my 401k plan as soon as I could at age 21 and made a maximum Roth IRA contribution every year of the decade, minus only two. By the end of my 20s (2009), even with the 2008 crisis still in play, my net worth was around $100,000. + +I had bought my first place at 26 and while very affordable, it was not a profitable venture and I later sold it for about $15,000 less than I bought it for. It was still a very affordable place to live, so I don’t count that too big a loss. + +Early 30s: +This is where it starts getting interesting. By this point my career is starting to develop and I made a move quickly from the low $40s to the low $50s in income, then by 35 into the low $70s. After the “lost decade” of the 2000’s in the stock market, all the money I had invested started to grow. At age 34, I ended the year with $220,000 of net worth. + +Marriage: +In 2014, my husband and I found our house and got married. We hit the house lottery by buying a short sale that needed no work at 15% below market value. It was a long process (4 months) but we had around $30,000 of instant home equity beyond our down payment (purchase price vs appraised value). Long story short, the increase in the market value of our home alone since purchase has raised our net worth by nearly $100,000 over the last seven years. + +Over the last several years, we have continued to get promotions and steadily increase our pay. We each save through our employer’s (we have the same employer) generous retirement plan and overall benefits package. Our company puts in more than we do to our 401k plans. We have benefitted greatly from the increase in the market (as you’ll see below). And we have made saving, home improvement, and debt elimination our priorities. + +In 2019, we decided to review our expenses. We were saving money but thought we could do better. So, we did a little work and went line by line to see where we could improve. In doing so we saved $2,000 a year on home and auto insurance. We saved $500 per year on TV by moving to streaming and have cut our mobile bill from $80 per month with paid-for phones to -$20 per month ($50 savings on switching our service and $50 for a “bring your own device” stipend from work). Lastly, we paid off our cars and refinanced our home to a 10 year mortgage, giving us another $7,000 a year in cash flow. + +All this combined with reduced travel during the pandemic, we have quickly grown our emergency savings to roughly one year of essential expenses. + +Lastly, as I mentioned the market has benefitted us tremendously and nowhere is this more clearly seen than in this net worth progression: + +12/31/2014 $251K +12/31/2015 $299K +12/31/2016 $344K +12/31/2017 $444K +12/31/2018 $424K +12/31/2019 $642K +12/31/2020 $887K + +What’s next?: +It is a time to celebrate but not a time to stop. It is possible that we have enough cash saved to pay off the house by the end of next year, which would be a meaningful accomplishment to us and would free up $1500 per month in expenses. I would love to see us build our intermediate non-retirement savings. We have the emergency fund of one year’s expenses. We have retirement funds of around 12x current annual expenses. We don’t have anything in between. + +So, that’s where my head is as I reflect on this goal and look ahead to the future. Thank you for reading my lengthy post. Wishing you all the best on your own financial journeys! +Walking home today wearing my LKE shirt , some fucker bumped into me and instantly started talking shit about uraniun being the best mineral. tried to remain calm and explain to him that lithium was actually the best mineral, but he wouldn't take a hint. He started throwing around words like "Zinc batteries are cheaper to produce", and "PEN to the moon 🚀🚀🚀 so I lost it. Punched him right in his pen holding fuck face. + +I hate uranium so goddamn much +Hi All! + +First of all, I'm new to this sub, so if this is off topic I will delete. I saw this quote in an interview clip with the rapper J Cole, and I really wanted opinions from r/fatFIRE on this: + + +*The monetary, the material... even success, the things you place your importance on - can never satisfy you. They will never make you happy because they never end. There's no amount of money that will ever make you stop if money is what you care about. You'll keep going.* + + +*"Oh I've got a million. Gotta get 10.* +*Got 10, gotta get 100.* +*Got 100, gotta get 5.* +*Got 5, gotta get a billion."* + + +*If its cars, you'll never have enough cars. If its women, you'll never have enough. If it's success, you can never get enough of that.* + + +*I realised that. It keeps calling you like a drug. It's a hamster wheel.* + + +*But, if you place your importance on appreciation and love, that is enough. There is enough of that in everybody's life right now if they just took the time to look. In my life, I just took the time. And that goes for everybody. The homeless man on the street can still wake up and go "Man, I'm alive".* + + +This is the link to the full clip, it's only 3 minutes long and well worth a watch. + + +[https://www.youtube.com/watch?v=0v1UJpYNAww](https://www.youtube.com/watch?v=0v1UJpYNAww) +Background: We own 4 rental homes in Phoenix area (2 in Gilbert, 1 Queen Creek, 1 Maricopa). I am also licensed in AZ, but mainly to manage my own properties. + +Things have turned so crazy in the housing market here that Open Door is offering close to or even more than listing on the MLS. (I am not affiliated with them in anyway). + +My good friend here listed a house in Queen Creek on the MLS and open door. The overasking offer from MLS was $390k and OD offer was $408k. + +I just did a OD price request on a Maricopa rental and it was $12K more than what the comps show. + +Who is buying all these houses from OD or is it REIT money ? OD always offered much less $$ when buying and suddenly they are paying way more. It’s crazy. +My mom and her boyfriend left and took their stuff while I was at work today and our home is paid every month so I'm going to be kicked out on July 1. I don't know what to do. My mom used to be fine, but my dad killed himself 6 years ago. My mom didn't work but said that the Army was sending money because my dad was in Iraq. My mom started doing drugs and dating a guy who sells drugs. He beat me up sometimes and stole my stuff a lot, and he tried to take money out of my wallet yesterday when he was on drugs, and I stopped him and hit him back. Then he and my mom got in a fight and now they're both gone. What can I do? I'm going to be a senior next year and I don't want to leave my school. Can I get the Army to send me the money that they were sending my mom? Please help. Thank you. + +Update: Thanks everyone for the advice. I called my friend and his mom said that I can stay there as long as I need to, that's a huge relief. For people asking about where I am, I live in Camden New Jersey, and I am a boy. Also, we don't own a house. My mom had been renting a trailer for us. I was worried because I know that people have gotten locked out of their trailers for not paying and I thought that they would do that if I couldn't pay. Thank you all for your help. + +And I haven't heard from my mom, but she and her boyfriend took all of their stuff including the mattress out of the bedroom and the thing she kept her clothes and stuff in, so I know they just left, but I don't know where they went. + +Update again: Wow I don't know what to say. Thank you to everyone for all of your advice and offers to help. I am at a friend's house, I think I'm going to stay here for at least a little while. My friend's mom said I can stay as long as I need to and I cried and then she cried. I feel so much better, just a few hours ago I was really afraid and didn't know what I was going to do and now I feel like I am going to be OK. Thank you all so much. + +I don't know what I'm going to do about my mom yet, but I will update again if I figure that out. +Hello everyone, + +So much good DD (due diligence) here and so much info on these companies has me INSPIRED for my portfolio. It’s safe to say we are all hoping for the next ALPP or ABML. After extensive reading on here, I have decided to start my OTC investments with the following + +AITX TLSS OZSC ENZC + +I also have ZOM ALPP and some ABML incase the runs not over + +So many profiles sporting 1000%+ gains which is exciting. What is even more exciting is that when I search this subreddit for the DD for ALPP or ABML this was called FOR MONTHS. With so much good info and so many success stories I feel like this approach is so worth it. I won’t ask what everyone is buying or stuff like that because there is a search bar to help me not be redundant. + +My logic has shifted from “apple and Amazon are SURE THINGs” to “ its easier for a stock to move from .002/share to .004/share than it is for a stock to move from 40/share to 80/share.” At the end of the day 100% gain is a 100% gain. + +What has been your biggest takeaway from this subreddit? So many stocks that could go up with bright futures on the horizon. + +I’m planning on holding everything at least a year and one day so it doesn’t get hit as taxable income at my income tax rate. + +Full disclosure: this is by no way investment advice rather a discussion to see methodology for using info from this subreddit. And if you want, share your best success story. + +PS: why do pink slips have a bad rep? Because of the wolf of Wall Street?! + +EDIT: this turned into my involved Reddit post ever I appreciate it! Just to say it again I love hearing success stories to get motivated to make stuff happen! Love you guys. Whoever gave me my first award thank you!!! +I’m not here to promote one service over another, but I do want to help other first time filers out there. As I said above, this year was my first year filing my own taxes, after getting charged almost $300 for H&R Block to do it for me in one of their offices last year. Because of this, I decided to enter my taxes on three different “free” tax service websites- H&R Block, TurboTax and Freetaxusa. At the end of the day, my primary goal was to distinguish which product was the best bang for my buck. + +I did this not only to ensure I was getting my maximum refund, but to also see which was the superior service, as I had seen all 3 recommended frequently throughout the sub. As someone who is completely new to filing their own taxes, Freetaxusa was by far the most enjoyable all around experience (as enjoyable as doing your taxes can be, at least.) I would recommend to anyone here that plans to file their taxes themselves to use their service. And yes, I realize everyone’s tax situation is different so the “best” service is slightly subjective. This was just my experience! + + It was far and away the cheapest option for my situation, as it actually honored the free filing option for federal and only cost $12.95 for state filing (10% discount if you enter FREETAXUSA10 in the promo code section at the the end). H&R and TurboTax both shot up to between $80-$100 total cost to file my federal and state returns once I entered in my 1098e, 1099-MISC, 1099-INT and DIV etc. They also hounded me to upgrade to an even more expensive service throughout LITERALLY the entire process. + +Freetaxusa walked me through the process very efficiently and painlessly. They went through every possible type of income, credit and deduction I could have. And most importantly (for me at least), they were true to their word of being a free service. They didn’t steadily increase the price as I entered more information and they didn’t try to get me to buy additional products and services I didn’t need. Hope this helps anyone else out there new to the process, without a doubt will be using them again next year! + +EDIT: Someone asked if there was a difference in the amount of my refund (should’ve included that in the original post, sorry!). But, for federal, no. They all came out exactly the same. For state, yes. Freetaxusa found an additional $33 on my state refund that H&R and TurboTax did not find. + +EDIT 2: As mentioned by another user, if you go through Ebates you can get an additional 25% off the state fee and it should be stackable with the 10% off promo code. However, I did not try this personally. Was unaware at the time! And some states give the option to file for free through the state. I did not find where my state offers this service, however. + +EDIT 3: I have seen a few people say they were able to get the free service through TurboTax and my post may be a little unintentionally misleading in that regard. Yes, I did go through the Free File Portal with TurboTax like I did with the other services. However, once I began entering my income information, that is when I was disqualified from the free service and I was automatically placed into a paid service. TurboTax DOES OFFER free filing, but only if you make less than 34k a year or are a military member that makes less than 66k a year, and I’m neither! Sorry if I mislead anyone! + +Also, it makes a difference in price with H&R and TurboTax if you have a 1098e/1098t, self employment/contract labor income, savings account interest, an HSA, investment income etc., and Freetaxusa doesn’t charge for entering these forms. Some of these things DO apply to my 2018 tax situation, which is likely a major reason it was so much more expensive to file with H&R and TurboTax. As I said in the post, everyone’s tax situation is slightly different and I’m not trying to promote certain products over others! Just wanted to provide my personal experience! + +FINAL EDIT (Hopefully): A lot of people are under the assumption that you HAVE to wait until the 28th to file, but that is not the case. If you have all of your documents you can file earlier. The IRS may even accept your return early to use while they test out their system. I completed mine yesterday and actually got an email from Freetaxusa a few minutes ago stating that my refund had been accepted by the IRS and I would be getting my refund within 21 days. + +Much requested TL:DR: For my tax situation, which included several sources of income, I would recommend Freetaxusa. The interface is very user friendly, the cost of my service remained free and did not increase as I entered more information, I was not pestered to upgrade into a more expensive service throughout the process and I was able to get an additional discount on my state filing cost. + + +*There are a few people that have said this is some sort of ad.* + +*Full disclaimer: I have no affiliation with any of these websites and this is NOT an ad. I’m just a frequent redditor trying to help out other fellow redditors! I work for state government, but based off how many people think this is an ad- maybe my future is in marketing! Lol. May also have to do with the “scammy” name of the company... I have to admit, I was a little skeptical when I first saw it!* +My wife and I are new to an area and don’t know many people yet. We are golfers/tennis players and are looking to join a club. Beyond things like financial condition of the club, cost, and quality of facilities, what under-the-radar things should we be on the lookout for? My parents weren’t in a position to ever join a club, though I did work at one for a bit as a kid. Some things we are already considering: + +- Is membership capped and at what level? +- Can the public book weddings and are they easily segregated on weekends? +- Level of offseason activity and things to do +- “Feel” of membership - we are young by CC standards and want at least a reasonable enclave of younger members though we are close friends with a good number of people 10-15 years older than us +Look. We have all the TA and DD layed out here but on top of that - I just realised the most simple thing from this whole saga. And I think it tells the whole story here. + +Just ask yourself - why would all these people jump from executive positions from one of the biggest tech companies in the world to get on board of GameStop? Think about it - AMZ has a market cap of 1,77T and GS is at 15B (that is **118x smaller**). AMZ is not going to crash (or is it?) and there would be a lot bigger companies for these people to jump into. + +These people didn´t work their asses off to get to an executive position in Amazon only to jump on board of a brick and mortar (or a small e-commerce) company which they know is attacked by the full force of Wall Street. If you were to pick a company to move into from as an executive in Amazon. **Would´t this be like the worst career suicide ever?!?** + +So either RC is the best negotiator in the world, every other big tech company in the world is about to crash or **there is something so compelling in the playbook they could not resist it.** + +Now I dont know about everyone else but after I realised this simple thing my tits got more jacked than ever. We are going to the moon one way or another. **Because these people know there is a 0% chance this going nowhere else. And they have seen the playbook.** + +Edit: The new hires [https://gmedd.com/transformation/gamestop-hiring-frenzy-continues-new-vp-of-merchandising-from-amazon/](https://gmedd.com/transformation/gamestop-hiring-frenzy-continues-new-vp-of-merchandising-from-amazon/) +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: + +*** + +- Follow the Golden Rule. All other rules apply as well. Follow [this link](https://www.reddit.com/r/ethtrader/about/rules) to view the rest of them. The rules page is also linked in the announcement bar above. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +Thank you in advance for your participation. Enjoy! + +The Ape community has been through several migrations over the past year, all of which were a result of infiltration and eventual compromise. With each migration, the herd has been further thinned of shills and paper hands. What is left is a beautiful community of level headed individuals (for the most part, we’re still retarded after all). + +But an upcoming Reddit IPO is an extreme threat to the integrity and transparency of our ongoing discussion. After Reddit sells out to big finance, it will likely die, but not before it’s new owners attempt to dismantle this sub and others like it from the inside. + +I don’t know about y’all, but for me Reddit IS [r/superstonk](https://www.reddit.com/r/superstonk/) now, aside from an occasional glance at r-all and r-news. It will be easy to migrate yet again. + +I believe it’s time for the Mods to start an open discussion about a new, independent platform for our discourse to continue - and to begin gathering the resources/volunteer talent to make that a reality. The sub itself is nothing special from a coding perspective - it’s simply that we’re all still here, alongside our selfless Mods, and brilliant DD writers. We can go anywhere. + +It will likely be those in powers’ final Hail Mary to attempt to destroy this sub, no matter the cost. + +Let’s stay one step ahead. + +[u/Bye\_Triangle](https://www.reddit.com/u/Bye_Triangle/) [u/jsmar18](https://www.reddit.com/u/jsmar18/) [u/ButtFarm69](https://www.reddit.com/u/ButtFarm69/) + +EDIT: Just want to clarify that the spirit of this post is not “Hey Mods I know you give of your time and energy to this sub for free, and likely have families, jobs etc, now could you please build us a new information superhighway?”. It is more so about starting an official discussion, possibly a stickied thread, to put heads together and see what options might exist. I know there was a post a while back about this exact idea, but am unaware of the current status of said project. A sanctioned migration could be as simple as moving onto another already established forum site not currently looking to IPO. + +They are coming for Reddit, it’s just a matter of time. +I've been waiting to invest in LA and now I'm not sure if I'm going to. I co own a house in LA with an ex (she lives in it, I do not). The house is listed for sale but not getting any buyers do to a tenant in a back unit who isn't paying rent. I was considering waiting until October to legally evict and then buy her out so I can keep the house and use as income. But now, like many people, my plans are screwed. + +Wondering how others are going to deal with this? +Reposting for maximum visibility ! + +For the new apes , plz relax and enjoy this bumpy ride we are up against the endboss. This was expected to happen. They cant do this shit for too long. I have a feeling that the upcoming days will be interesting 😉 + + +https://www.reddit.com/r/Superstonk/comments/nrgcyc/psa_voting_will_be_underreported_reposted_on_june/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +PS: I’m not a financial advisor and this not a financial advice , I eat crayons everyday and shit in my pants. 🚀👐🏻💎🦍 +'Graphite in fuel cell is used as a conductive material for the bipolar plates, which are an essential component of the fuel cell structure. Manganese and graphite will play an important role in the future. We have both.' + +&#x200B; + +@ XManganese via Twitter + +Finolex Industries is India’s largest manufacturer of PVC pipes & fittings and a leading producer of PVC resin. The company is the only large vertically integrated player in the domestic market which produces its entire requirement of PVC resin, the major raw material used in manufacturing PVC Pipes & Fittings. + +Industry Structure and Tailwinds for growth of Plastic Pipes - + +Below is the market share of Major players as on 2019. The market share for major players hasn't changed much in FY 2021. The major listed players are Supreme Industries(11%) , Finolex Industries (9%) , Jain Irrigation (8%), Astral (7%) and Prince Pipes(5%). + + +Plastic pipes are more durable, cheaper and do not rust as compared to Metal GI pipes. This has resulted in mass adoption of PVC pipes used in agriculture and real estate and they have replace Metal GI pipes. Below is the overview of Indian Plastic pipes industry and why they are better than metal GI pipes for both plumbing and agricultural purposes. + + +Plastic pipes are used in 3 areas majorly - Agriculture, WSS (Water Supply and Sanitation)and plumbing(mainly used in real estate) and Sewerage. + + +Below are the end uses of different types of pipes and the industry they cater to. + + +Below are the competitors of Finolex Industries - + +Astral Limited - One of the larger players in plumbing/SWR pipes used in real estate. Piping division contributes 77% of topline. + +Units sold in FY 21 - 1,36,590 metric tonnes (P.Y - 1,32,200 metric tonnes) + +Total Capacity - 2,57,946 metric tonnes. + +Supreme Industries - 65 % revenue comes from plastic pipes and fittings. Supreme Industries with Finolex Industries are the biggest players in PVC pipes by market size and the two have a bigger presence in PVC used in agriculture. + +Units sold in FY 21 - 2,94,357 (FY 20 - 3,00,722) metric tonnes. + +Prince Pipes - Units sold 1,38,289 metric tonnes (FY 20 - 1,32,816 metric tonnes). + +Installed Capacity - 2,50,000 metric tonnes. + +Prince pipes is one of the larger players in plumbing/SWR pipes used in real estate. + +Industry tailwinds - PVC pipes prices are dependent on crude oil prices and crude is a major raw material for all this players. PVC prices have increased from 600 USD/MT to around 1700 USD/MT. Below is the PVC price chart from January 2018 to March 2021. + + +Finolex Industries - Finolex Industries is a major player in plastic pipes Industry especially in the agricultural space. + +PVC pipes sold in FY 21 - 2,12,060 metric tonnes (P.Y - 2,54,958 metric tonnes) + +Total Capacity - 3,70,000 metric tonnes. + +PVC resin sold - 2,36,086 metric tonnes (P.Y. - 239,188 metric tonnes) + +Key Factors for Finolex Industries - + +Backward Integration - Finolex Industries are backward integrated and they manufacture PVC resin which is a key component for PVC pipes. Entire demand for PVC pipes and fittings is absorbed by in-house manufacture of PVC resin and the company sells the balance to other parties. + +Cash and Carry Model - The company has a cash and carry model which means their debtor days are at 7. This means the company is more efficient in passing off the price fluctuations more efficiently than other players. This also means robust collection as evidenced by CFO/EBITDA ratio which stands at an impressive 87%. + +Assets - The company is net debt free and in an industry where other competitors(Jain Irrigation/ Kisan Moulding) are struggling with debt issues this is a big positive. The company holds land of 70 acres which should on conservative basis should be valued at 400 crores. The company also holds 14.53% share in Finolex Cables which is valued as on date at around 1139 crores. This gives assets on book at 1500 crores or 14% of the market capitalization. + +Reasonable Valuations - Finolex Industries is valued at 14.6x PE (12.5x if you exclude other assets) which is extraordinarily low compared to Peers - + +Astral Limited - 95.4 PE + +Supreme Industries - 27.5 PE + +Prince Pipes - 34.7 PE + +Possible Headwinds for Finolex Industries - + +Rapid growth of competitors - The growth of Astral Limited and Prince Pipes due to heavy advertisement has seen them gain market share and grow rapidly compared to Finolex Industries in the last few years, if the trend were to continue it could result in Finolex Industries losing substantial market share in the long run. + +Monsoon - Finolex industries sells 70% of PVC pipes in the agricultural space and 30% in the construction space. Incase of a poor monsoon, the company will be affected more adversely than it’s competitors. + +PVC price - Substantial drop in PVC pipes can result in a lot of profits recorded in the current year, this is an industry wide phenomena and will affect the entire industry. + +Conclusion - In Finolex Industries, I see a company which is reasonably valued in an industry which is expected to grow at 9%-10% in the agricultural space and at 14-15% in the non-agricultural/ construction space in addition to gaining market share from unorganized players. The possibility of failure of Jain Irrigation, a major player cannot be ruled out which may result in capturing of market share, however it is more likely the company may be acquired via NCLT. A dividend yield of over 2 percent is an added positive. + +Disclosure - Invested from Lower Levels. + +Market Cap of the company - Rs. 10793.2 crores +If you’re planning on selling to “cover your initial investment”, consider this; + +When GME hits these numbers in the title, it means DFV is right. It means all the DD is right. It means the the ape “theories” are no longer theories. It means that the $10,000,000 floor price apes have set is fair. + +When GME hits 4 figure, 5 figure, 6 figure, 7 figure numbers, you know that this gamble is no longer a gamble. It’s a guarantee. So why sell yourself short? Why jump off at the moon when the rocket is going to Pluto? + +Not financial advice, not telling you what to do. Just ask yourself why you would sell yourself short. Know your worth. + +Fu*k the rocketship, we’re going to need a goddam flying saucer 🛸 +I’ve been listening to the bigger pockets podcast and David Green keeps downplaying the importance of cash flowing properties. He claims that he prefers appreciation versus cash flow. So he’s buying properties that will appreciate versus properties that will cash flow. + +Seems like really dangerous advice especially in the market that we’re in. Unless you’re finding absolutely amazing deals where you’re finding total fixer uppers there is no way you can guarantee appreciation in a property. Property values could plummet tomorrow and it will have nothing to do with what we did as investors. Same applies to the insane appreciation that we’ve seen over the last few years. Investors had very little control over it. + +The irony is that David green made his money back after 2008 where finding cash flowing properties was like shooting fish in a barrel. Most properties were undervalued and you could buy a house for $100-200k and rent it out for $1,500 -$2,000/month in CALIFORNIA. + +Now David is giving the opposite advice that he used to build his fortune. + +Appreciation is fickle and could change depending on how the wind blows. Cash flow imo is king and if you buy with built in cash flow then you never have to worry about appreciation. + +Thoughts? +I know there are many different options as to which trading API to go with, but what are the pros and cons of each? I'm looking for a free API or close to free API which has minimal delay and can execute orders fast. What are my options, and which API is the best in terms of a performance over cost ratio? +&#x200B; + +https://preview.redd.it/8mw8hkmniiv81.png?width=960&format=png&auto=webp&s=61b61aa5d34b0d78cc30375d3763851efeed5224 + +https://preview.redd.it/6fa7zzbpiiv81.png?width=960&format=png&auto=webp&s=2868f37d5c0a84f455363b4b801911d0d5e8655f + +This strategy is running live since 03/02/2022 (50 days).  + +It is beating S&P 500 just like the backtesting results. + +How do you rate this strategy? + +[View live performance and trading details](https://tradenote.io/strategies/yNJpfPzK) + +Thank you! +It seems like a lot of people here are FAANG engineers, which is cool, but anyone here making their money doing something unconventional like government ammunition contracts, smuggling diamonds, or owning a laundromat empire? +Financial Independence, as most spreadsheets frame the idea, is the art of replacing your spending with investment returns. More quietly stated is an implicit promise that after you’ve done it, you’re free. Chasing that freedom is an incredible motivator if you’re anything like me. And you’re probably at least a little like me, if you’re on this subreddit. + +Except, of course, we all know you’re never completely free. + +The outside requirements on a human life don’t stop at the financial. You still have to go to the doctors office to make sure your body is running OK. You need to take out the trash. Your desk gets messy and you have to clean it up. You feel guilty if you forget send your mom a card on her birthday. You’re not free, you’re still a human being. Just a human being with a lot of flexibility. + +And, of course, once most people do the math, it becomes clear that in order to get spending low enough to make it work, your part time job effectively becomes frugality. + +Being frugal isn’t a terrible part time job. You autonomously set your own schedule, it gives you an opportunity to be creative, you develop skills which have an impact on your life, such as gardening and thrifting. Frugality challenges your comfort levels at times, which in turn allows you appreciate luxury when it’s available. For me, it’s pretty much the checklist for what counts as an incredibly satisfying job. + +I don’t have a problem with any of this. And as a thoughtful person who’s put some brain time into designing your life, you already implicitly know everything I’m saying. But it’s useful to say explicitly. + +I sat down this week to write a plan for what I would do if I lost my job tomorrow, and was barred from full time employment for the rest of my life. + +I was not shocked to discover that even without 100% FI savings, I could design several options for lifestyles where my FI goals of satisfying work, low stress, extreme autonomy, meaningful relationships, and security were accessible. But what I was shocked to discover was that I could also design such a life without relying on any of my considerable savings or investments at all. The savings and investments made it a lot easier, but they really weren’t necessary. + +It turns out the important part of this thought exercise was forcing myself to give up my current job. With that, I had to get rid of my own internal limiters: the unconscious need to project success to peers, the fear of giving up what I’ve already worked for in my current job, the iron clad spreadsheet and financial plan that I’ve been faithfully following for seven years, the fear of something new. + +When all that creativity was being pointed towards the actual life goals, as opposed to purely the financial goals that I thought would help with the life goals, a lot of shortcuts became apparent. And I couldn't have done it without having put a tremendous amount of thought into clarifying what, exactly, I want out of life. + +Of course, I’m not quitting my job immediately. And it’s not like my current lifestyle is too far of a cry from my goal lifestyle. It has a little less autonomy than I’d like, and a little more stress, but we’re in the ballpark. + +But the lesson that I think is important to remember is that financial goals are easy to measure, easy to track, and easy to let swallow you to the point of distraction. Life is not a binary between FI and failure. Extreme saving is a tool, and only a tool, and it’s worth putting thought into what you need that tool for, and not just how to get your hands on it. +Igm forums: http://www.igmchicago.org/surveys/laffer-curve + +Not a single one believed a tax cut now would raise revenue in 5 years. + +I have often heard that the laffer curve is now derided in modern economics, but is it that the laffer curve doesn't exist of is the peak just at a higher marginal rate than we have right now. + +A lot of the studies cited by wikipedia seems to estimate a peak at 70% marginal rate: +https://en.m.wikipedia.org/wiki/Laffer_curve + +Or would tax revenues continue to increase all the way up to a top tax rate of 100% +Edit: forgot to post [proof](https://imgur.com/KjUlGPl) + +Current status: Up 72.27% for a paper profit of $154,682. Current price $3.44 + +Initially purchased 85,000 RAC on 15/01/21 and topped up thereafter for a total of $219k invested at an average buy price of $1.9911. Holding until at least $20/share which will net a paper profit of $2m in tendies. + +Interested in RAC? **Please note it's a speculative bio-tech stock and may yet prove utterly useless.** + +If you want more info about RAC here's 30 second summary for those of you with ADD: + +RAC own the patent for a drug called Bisantrene, which was initially trialled in the 80s with great success, only to be left on the sidelines due to a limited application and cost of pursuing further research. It’s since been rediscovered and preclinical through to phase 1 results have so far proven successful. + +As a company RAC are executing a three pillar strategy over the next 12-18 months with a steady stream of trial results coming through over that time. They've made it blatantly clear the aim is to get picked up by big pharma at the end of their phase 2 trials and that they're looking for maximum shareholder value™ in the process, as the board are significant shareholders. + +If you want some more info on why I’m taking the punt: + +There’s an excellent rundown on RAC by an asset management company [here](https://mfam.com.au/research/race-oncology-asx-rac/) or an overly optimistic Haute Crapper thread [here](https://hotcopper.com.au/attachments/rac-upside-5-february-2021-pdf.2883401/), which also has a stack more info as well. + +Or you can get a rundown of RAC and their recent activities from the company themselves [here](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02359202-6A1026814?access_token=83ff96335c2d45a094df02a206a39ff4). +Or if you’re a nerd a lot of the science stuff is [here](https://hotcopper.com.au/attachments/bisantrene-synthesis-fto-1-pdf.2950305/?filename=Bisantrene+Synthesis+-+FTO+1.pdf). + +For those of you who can’t read good, and want learn to do other stuff good too, [here’s](https://www.youtube.com/watch?v=ZoMWPf98W1k) Race’s CSO talking about the journey, or a RAC holder taking a crack at breaking down the science [here](https://www.youtube.com/watch?v=HKyfK5MDp_0) + +Or if you want to sign up to read/listen to an engaging interview behind a (free) paywall you can do so [here](https://www.eurekareport.com.au/investment-news/race-oncology-a-10-bagger-in-a-year/149565?v=1053812) + +If you want to read a dumpster fire of a Reddit thread which presents some counterarguments from oncology doctors it can be found [here](https://www.reddit.com/r/ASX/comments/lslrpf/rac_on_the_asx_why_is_this_flying_under_the_radar/) or [here](https://www.reddit.com/r/ausstocks/comments/nhk9gh/race_oncology_excellent_video_to_break_down_the/). + +Finally for those who want confirmation this stock will be a winner, [this](https://www.youtube.com/watch?v=yNj78UH8KQo&%3Bamp%3Bamp%3Bab_channel=maria) video is proof. + +**Once again it's a speculative bio-tech stock and may yet prove utterly useless** + +Just imagine how angry your wife’s boyfriend would be if you lost all your allowance gambling on a bio-tech stock. +Let's say your holdings made 100x in a night, would it be a life changing gain for you? If it would, what would you do with that money? + +I would buy a nice house first and then a nice car would be nice. I don't know what would I do with the rest of the money. I have poor financial skills lol. +...What luxuries in life contribute to your overall sense of happiness and wellbeing? I’m genuinely interested in what luxuries you spend your money on that you really really think are worth it. + +For me: + +Having a house cleaner that comes once a week means that my wife and I only need to do minimal housework during the week which frees up time and lowers our stress. + +Being able to travel and take awesome vacations. Not right now for a obvious reasons, but flying first class and staying at really nice hotels and being able to afford to eat any restaurant we want to reminds me why we work so hard. + +Being able to be generous. Picking up the bill at the restaurant. Paying the bar tab. Not thinking twice about buying a gift for friends or family. Taking the family members on vacation with us. It just makes me feel good to be able to do so. + +The general feeling of security. I grew up poor. I had to constantly worry about money through my 20s. My wife and I now now make around 420k per year combined and have taken our net worth from negative 200k to a little over 1 million in the past 8 years. It’s nice to not lie awake at night worrying about bills anymore. + + +No judgment guys. Whether it’s the finest booze, fancy cars, boats, or a private jet. I just want to know how you feel it improves your life. +# FOR NEW PEOPLE: Please use this [link](https://marinetoysfortots.salsalabs.org/2021marinetoysfortotscrowdfunding/p/VeryGMErryHoliday/index.html) for the most condensed instructions! This Superstonk post might be very confusing for you lol sorry + +[yes, that's Santa Ape and a Baby Ape on their back](https://preview.redd.it/5fgxd4e6bpx71.png?width=1800&format=png&auto=webp&s=b053a31af510e98ccf078a43cafb3dad3eb272de) + +**TLDR: Superstonk Apes are donating Toys, Money, & Time to Marine Toys for Tots and we’re bringing GameStop to families this Holiday 2021!** + +&#x200B; + +# Main goal is to buy toys at GameStop and donate to TFT! + +Deadline for toys is December 10! + +# Monetary Goal is $741,420.69! + +Deadline for money is Dec 24! + +**Link to our fundraiser:** + +[https://marinetoysfortots.salsalabs.org/2021marinetoysfortotscrowdfunding/p/VeryGMErryHoliday/index.html](https://marinetoysfortots.salsalabs.org/2021marinetoysfortotscrowdfunding/p/VeryGMErryHoliday/index.html) + +**NOTE:** The local TFT donation campaigns go through the salsalabs.org domain rather than the main TFT website. You can verify this by going to the sites of the local TFT chapters if you’re concerned. + +Also, this is the ONLY LINK we will ever use. Please be careful of fake/phishing links that come from anywhere besides Superstonk. + +**USER FLAIR:** + +[If you want this flair then please comment !VGH! under another !VGH! comment so it keeps the thread streamlined.](https://preview.redd.it/hgmyufkxy8081.png?width=234&format=png&auto=webp&s=1eb64d497a9fa3382157924ab02488ee8c5264e3) + +# [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) + +# Texas Apes! If you would like to help them sort this influx of toys coming in, you can literally just show up at 3800 Irving Mall 0900-1800 local Texas time Monday-Friday. You'll see a banner. + +https://preview.redd.it/dkkuah9x79081.png?width=960&format=png&auto=webp&s=bebc8ffda361644483cade8714be4358e74c47a7 + +# [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) 😲 + +https://preview.redd.it/dd6cip42e9081.png?width=781&format=png&auto=webp&s=c57ae5c21e019864675810f59217a061c06ba3e8 + +# VGH Update 4: THE FINAL COUNTDOWN + +[We've got a DRSbot! Deadline is Dec 10 for toys and Dec 24 for money!!](https://www.reddit.com/r/Superstonk/comments/r6iuw8/vgh_update_4_the_final_countdown_deadlines_dec_10/) + +\------------------------------------------------------------------------------------------------------------- + +Buckle up, Apes, cause Superstonk is slapping some rocket boosters onto Santa’s Sleigh this Holiday Season and we’re helping GameStop deliver toys to Toys for Tots and bringing smiles to a lot of families! + +**NOTE:** All mentions of “We” in this text refers to the INDIVIDUALS on Superstonk who have arrived at their own SEPARATE conclusions as INDIVIDUALS. There is NO collective attempting to collude or influence GameStop’s stock. + +https://preview.redd.it/ou5o4r2dbpx71.jpg?width=575&format=pjpg&auto=webp&s=20b07598e425a1e9abaeb800adef847765676c94 + +# Why did we choose Toys for Tots? + +The main question we asked was “How can we help GameStop AND our greater communities?” + +Because of their merchandise selection, going with a Toy Drive was the most effective way of achieving this. + +We chose Toys for Tots because they have a national system established for organizations to donate and it was the most effective way of utilizing our resources from the Superstonk Apes to promote the welfare of the general public. + +EDIT: GameStop has also [partnered with Toys for Tots in the past](https://static.fox4news.com/segment/player-frame.html?site=fts&station=kdfw&source=amp&props=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) (news clip from 2018). + +We also felt that a Holiday initiative would be the perfect cherry on top of an amazing year. All of these philosophies culminated into Superstonk’s Very GMErry Holidays fundraiser. + +https://preview.redd.it/cv85z4roymz71.png?width=712&format=png&auto=webp&s=c29e75e4f06313250841a5adab53bf5ab12edbf3 + +# This fundraiser is gonna have three different ways you can donate: Toys, Money, & Time. + +First is **Toys**. We have been in contact with BOTH GameStop and Toys for Tots and they have helped us with the logistics process. The plan is to purchase the Toys from GameStop’s online store and ship it directly to a TFT distribution center. I think you’ll be really excited to know that we found an easy solution for this. The merch will mostly ship out of [GameStop’s Gravevine, TX center to the Local TFT branch in Irvine, TX](https://www.google.com/maps/dir/2200+William+D+Tate+Ave,+Grapevine,+TX+76051/3880+Irving+Mall,+Irving,+TX+75062/@32.8836341,-97.0815469,13z/data=!3m1!4b1!4m13!4m12!1m5!1m1!1s0x864dd52c003fdd41:0xc0048804a9a3bcd1!2m2!1d-97.0980899!2d32.9167042!1m5!1m1!1s0x864e822d2540c2bf:0x8559c01260e06ee7!2m2!1d-96.9984601!2d32.8388186). It’s literally a 15 minute drive. More details in the PLAYER TUTORIAL... + +[i sure hope i put the right addresses into the maps lmayo me smoothbrain](https://preview.redd.it/vtrnxs9gbpx71.png?width=742&format=png&auto=webp&s=635baa70ac2b81ff57f0a598a9fc69cef5f8ca6e) + +Second is **Money**. We set the goal at **$741,420.69** for well, very obvious reasons 😂. When we look at the number of people on the subreddit and also at the enthusiasm many of us had for a fundraiser, we think this goal is absolutely achievable. Please note, this part of the fundraiser does not directly benefit GameStop because this money goes directly to Toys for Tots. + +Just so everyone is clear on this: **NO MONEY is ever received by any Ape involved. It all goes directly to Toys for Tots and their website at the time of donation.** This Superstonk organizing team will have NO access to your personal information submitted with your payment. All of that goes directly from you to TFT. This was a core tenet of this fundraiser. We want no conflicts of interest and we want to protect your identities. + +For donating **Time**, Toys for Tots informed us they have partnered with GameStop in the previous years. This year, because of a lack of manpower, TFT is unable to support the thousands of GameStop stores across the US without additional volunteers. For the system to work, someone has to bring the box to the store and then return the box to the TFT location once it’s full. This is where Apes SWING IN. You can coordinate between your **Local Toys For Tots Chapter** and your **Local GameStop** to establish, monitor, and collect Toy Drop Boxes. And then other Apes can drop off their toys! (UPDATE: Right now there's no national guidance for the stores so it's kinda up to the Store Manager if they want to accept the boxes. Some of you will have success and some won't FYI.) + +[actual footage of Apes swinging in \(shot on Banana Phone™©²\)](https://i.redd.it/ruilksiibpx71.gif) + +# Some big things to address: + +First, THIS ENTIRE FUNDRAISER IS COMPLETELY VOLUNTARY and if you choose to participate, you are doing so on your own free will. No one is here forcing you to donate and anyone belittling you for that choice will be banned accordingly. Ape No Fight Ape! Be Excellent to Each Other! + +Second, yes, this is A LOT to ask of this community. But if there is ANY community in the world who could come together and raise $741,420.69 AND ALSO help support our local communities, it’s the APES. Because there’s something I know and believe to my core, and that is the Apes are good, decent people who wish to share our goodwill and fortune to others. **As individuals, WE NEED TO BE the change EVERYONE wants to see in the world!** + +[This Chairman Remix was brought to you by a MEME TEAM of Apes. I find it quite poetic that this was created by a GROUP of Apes, rather than one individual. I love you guys 😭🥰](https://i.redd.it/s57d8ghlbpx71.gif) + +If you choose to participate in VGH then please remember that you will be representatives of all Apes, Superstonk, & GameStop too! Be cool, respectful, and patient and don't give us a bad name. + +# We are doing important work here! Be proud! Apes Together Strong ✊🏼 + +[\(Up, Up, Down, Down, Left, Right, Left, Right, B, A\)](https://preview.redd.it/q1rr7ptgspx71.png?width=835&format=png&auto=webp&s=ba24c2f0f07583268726b83b3e86303975aada3b) + +**IMPORTANT: This is a girthy DD so PLEASE read the instructions for full clarity and don’t just assume, cause we’ve got a lot of Apes and we could easily overwhelm Toys for Tots!!** + +# #1 - How to Donate Toys + +Note: We can't send items that requires something else to use (like Headphones, video games, gaming systems). Video games donations are difficult because of the specificity of matching with systems that the family may or may not have. So do NOT send them video games, but video game RELATED products and toys are still cool). + +**TOY GUIDELINES:** + +What kind of toys can I donate? + +* NEW +* un-wrapped +* preferably around the $10 or above price range +* books are also needed (children receive 2 toys each; 3 books count as ONE gift!) +* homemade toys are also accepted + +What kinds of toys are **NOT allowed**? + +* used toys +* toys that look like realistic weapons +* toys with candy or food +* toys with chemicals (i.e., experimental labs, acid, crystal projects, etc.) + +What ages of children are eligible to receive toys? + +* ages 0 to 12 years +* gifts for ages 0-2 are in great need + +**TOY DONATING INSTRUCTIONS** + +* With these guidelines in mind, find a toy on the GameStop website that fits those parameters. During checkout, fill out your payment information as you normally would. (EDIT: We are searching for a solution for International Apes to donate) +* Fill in the following information for the SHIPPING ADDRESS exactly as it appears + * Toysfortots Gamestop + * 3880 IRVING MALL + * Between Macys-Dillards on backside + * IRVING TX, 75062 + * For the phone number, I put my own. I have a Google Voice number that I use for shopping to avoid spam calls to my main number. The number just goes to GameStop anyway so I'm not worried about it personally. + +[I used my personal phone number cuz it's GameStop lol](https://preview.redd.it/j74gq2213fy71.png?width=954&format=png&auto=webp&s=a24964eac17997833bc311a62e41ad5d41723aa9) + +* **NOTE:** This shipping address is for the [Fort Worth, TX chapter of TFT](https://fort-worth-tx.toysfortots.org/local-coordinator-sites/lco-sites/default.aspx?nPageID=100&nPreviewInd=200&nRedirectInd=3) which is only miles away from GameStop’s Grapevine, TX distribution center. If we start to overwhelm this TFT chapter, then we’ll reach out to the other chapters near GameStop’s other distribution centers. +* (Fun fact! GameStop was actually the one who reached out to this TFT chapter and provided us with this amazing convenience! By doing this, it also helps to keep the physical store shelves from being depleted for their non-Ape customers. It’s a win-win-win! Thanks GameStop!) + +# #2 - How to donate Money ($741,420.69). + +https://preview.redd.it/szznn77xspx71.png?width=540&format=png&auto=webp&s=99dcd4c9a0589367cc65fd2cf083baffa39f9d4f + +**Pay online (US Apes):** + +* Go to [https://marinetoysfortots.salsalabs.org/2021marinetoysfortotscrowdfunding/p/VeryGMErryHoliday/index.html](https://marinetoysfortots.salsalabs.org/2021marinetoysfortotscrowdfunding/p/VeryGMErryHoliday/index.html) +* Press the big red DONATE button. +* Fill out the required card information with your legal information (Don’t put a fake name in “Name on Card”). + +\*\*\*\*POTENTIAL DOXING WARNING\*\*\*\* If you wish to remain anonymous to the organizing team, please fill in ANON APE for First and Last Name in “Your Info” for anonymity. + +* Click the Submit Donation button. + +https://preview.redd.it/zbktyhcyspx71.png?width=624&format=png&auto=webp&s=3148179a76e1bc6b30221ca9efe838c4c91d5a1a + +* Share your donation on Superstonk with the “Very GMErry Holidays” flair, if you wish. +* Share your donation on social media with the hashtag #VeryGMErryHolidays, if you wish. + +# 3 - How to donate Time (and Toys in person). + +https://preview.redd.it/c3ndyh10tpx71.png?width=540&format=png&auto=webp&s=3da58d4c6fc53ffb78f3dd6a96bb004c3b07e5e3 + +TFT is working with severely limited manpower and they need our help! + +They will probably ask for volunteers: + +* Assisting in the transportation and storage of toys; +* Assisting in our local warehouse; +* Assisting with meals... and much more. + +# Get in touch with your local TFT chapter and see what they need. + +* Select your **State** From the List. + * [Alabama](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Alabama) [Alaska](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Alaska) [Arizona](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Arizona) [Arkansas](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Arkansas) + * [California](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=California) [Colorado](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Colorado) [Connecticut](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Connecticut) + * [Delaware](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Delaware) + * [Florida](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Florida) + * [Georgia](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Georgia) + * [Hawaii](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Hawaii) + * [Idaho](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Idaho) [Illinois](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Illinois) [Indiana](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Indiana) [Iowa](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Iowa) + * [Kansas](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Kansas) [Kentucky](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Kentucky) + * [Louisiana](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Louisiana) + * [Maine](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Maine) [Maryland](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Maryland) [Massachusetts](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Massachusetts) [Michigan](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Michi) [Minnesota](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Minnesota) [Mississippi](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Mississippi) [Missouri](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Missouri) [Montana](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Montana) + * [Nebraska](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Nebraska) [Nevada](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Nevada) [New Hampshire](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=New%20Hampshire) [New Jersey](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=New%20Jersey) [New Mexico](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=NEW%20MEXICO) [New York](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=New%20York) [North Carolina](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=North%20Carolina) [North Dakota](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=North%20Dakota) + * [Ohio](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Ohio) [Oklahoma](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Oklahoma) [Oregon](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Oregon) + * [Pennsylvania](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Pennsylvania) + * [Rhode Island](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Rhode%20Island) + * [South Carolina](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=South%20Carolina) [South Dakota](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=South%20Dakota) + * [Tennessee](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Tennessee) [Texas](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Texas) + * [Utah](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Utah) + * [Vermont](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Vermont) [Virginia](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Virginia) + * [Washington](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Washington) [Washinton D.C](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=DISTRICT%20OF%20COLUMBIA) [West Virginia](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=West%20Virginia) [Wisconsin](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Wisconsin) [Wyoming](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=Wyoming) + * [GUAM](https://www.toysfortots.org/donate/toys-city-county.aspx?txtState=GUAM) +* Find your nearest **Location** on the drop-down list. (This is your local TFT Chapter) +* Click "**MENU"** in the upper right. (You must be at your local chapter page) +* Select "**Get Involved/Volunteer**.” Here you will find: + * Contact info for this Chapter + * Additional Information + +# Coordinate your own local Toy Drop Box + +Please don't volunteer if you can't commit! It’s a big task and we will depend on you to deliver. NO FTD’s! + +* I own a local business. + * Get a box from TFT and set it up in your own shop! +* I don’t own a local business. + * Contact your local “GameStop Store Leader” and see if they’d be willing to host a toy box. You would act as the middle man between your GameStop and your local TFT chapter. + * You will need to get the box from TFT, bring it to GameStop (or other store), and then deliver the box back to TFT once it’s full or time has expired. + * If you have your own business then you will just contact your local TFT chapter directly and set it up in your own shop. + * Once you’re set up, send a private message to [u/I\_DO\_ANIMAL\_THINGS](https://www.reddit.com/user/I_DO_ANIMAL_THINGS) with the following info (he’s an Ape, Marine veteran, and a team member on this fundraiser): + * Store Name + * Full address of the location + +**We’ll only share the store location on Superstonk and it will not be connected to your username. Specific Ape/Store associations will NOT be shared.** + +# [UPDATE ON DONATING TIME (Phase 2 and 3)](https://www.reddit.com/r/Superstonk/comments/qsf355/very_gmerry_holiday_update_1_5916992_of_74142069/) + +# Donate Toys in person + +* Follow the instructions above on how to find your local TFT chapter then find a box location and put it in the box. + +[this is what they generally look like](https://preview.redd.it/j6podf1gtpx71.png?width=716&format=png&auto=webp&s=82a9ad9526ffc277a861f38a678cd52b3c41b427) + +# FAQ (Frequently Asked Questions) + +**Is this considered MARKET MANIPULATION or COLLUSION?** + +No, the organizers of this event are not trying to affect the GameStop stock nor its price. Our goal is to provide toys to children by buying from our favorite store. Yes, we are encouraging people to shop at GameStop, but what is the difference between this and a normal TV commercial telling you to buy from their store? Black Friday commercials even tell you to do that on a specific day! The goal here is to bring happiness to families by combining our individual resources to do something meaningful in the world. If you’ve got a problem with that then maybe, idk, recalibrate your moral compass? + +&#x200B; + +**Marine Toys for Tots Information:** + +About -- [https://www.toysfortots.org/about\_toys\_for\_tots/toys\_for\_tots\_program/default.aspx](https://www.toysfortots.org/about_toys_for_tots/toys_for_tots_program/default.aspx) + +The basic mission of the Marine Toys for Tots Program is to collect new unwrapped toys and distribute those toys to less fortunate children at Christmas to help bring the joy of Christmas and send a message of hope to America's less fortunate children. Toys for Tots has worked with GameStop in the past. They have a great track record and they need help on the local level. + +CharityWatch.com Rating: B+, Top Rated Status\* + +[https://www.charitywatch.org/charities/marine-toys-for-tots-foundation](https://www.charitywatch.org/charities/marine-toys-for-tots-foundation) + +\*Top-Rated Status Groups included on the CharityWatch Top-Rated list generally spend 75% or more of their budgets on programs, spend $25 or less to raise $100 in public support, do not hold excessive assets in reserve, have met CharityWatch's governance benchmarks, and receive "open-book" status for disclosure of basic financial information and documents to CharityWatch. + +&#x200B; + +**How does it work?** + +*(From* [*https://www.toysfortots.org/about\_toys\_for\_tots/how\_toys\_for\_tots\_works/Default.aspx*](https://www.toysfortots.org/about_toys_for_tots/how_toys_for_tots_works/Default.aspx)*)* + +Local toy collection campaigns begin in October and last until mid to late December. Toy distribution also takes place mid to late December. Members of the community drop new, unwrapped toys in collection boxes positioned in local businesses. Coordinators pick up these toys and store them in central warehouses where the toys are sorted by age and gender. At Christmas, Coordinators, with the assistance of local social welfare agencies, church groups, and other local community agencies, distribute the toys to the less fortunate children of the community. Over the years, Marines have established close working relationships with social welfare agencies, churches and other local community agencies which are well qualified to identify the needy children in the community and play important roles in the distribution of the toys. + +&#x200B; + +**Where is the money going?** + +None of the Apes involved with this will ever see a penny. The money goes straight to TFT so there can be no conflicts of interest. + +&#x200B; + +**Can I donate by check?** + +Yes, but mailed Check donations WON’T count towards our Very GMErry Holidays tally 😢 + +Make check payable to: + +Marine Toys for Tots Foundation + +Mail to: + +Marine Toys for Tots Foundation + +18251 Quantico Gateway Drive + +Triangle, VA 22172 + +&#x200B; + +**Is the money going to GameStop?** + +Clearing up some confusion: The money goal isn’t going to GameStop. I literally wrote that in the original piece: + +https://preview.redd.it/0bcy060369081.png?width=688&format=png&auto=webp&s=e6ff215eba729781cde75328d40fbde80cbaf493 + +&#x200B; + +**How do you pronounce “GMErry?”** + +It’s pronounced Merry. Because real G’s move in silence like lasagna. + +&#x200B; + +**When filling out the application to volunteer, the first line asks for a group/association name. Are we putting Superstonk?** + +No, just volunteer as your own individual self, a member of your local community. If you want to talk to people about GameStop then by all means, but do not feel pressured to do anything on our behalf. And thank you so much for volunteering! + +&#x200B; + +**Can we work with Toys for Tots Canada?** + +We looked into it and unfortunately, it’s two completely different executive boards and logistics chains. If we were to try to do TFT Canada, we’d basically have to start from square one on another program and that’s just biting more than we can chew right now IMO. Sorry for the disappointment. + +How do I apply to become a TFT household (request to receive toys)? + +[https://www.toysfortots.org/request\_toys/Default.aspx](https://www.toysfortots.org/request_toys/Default.aspx) + +&#x200B; + +**I’m a non-US Ape, how can I donate Money?** + +We currently don’t have a great way for international apes to donate to the money goal unless they wish to donate to TFT directly using PayPal. This method does NOT add to the VGH total, but it does help families so we want to advertise the option. If you can come up with a solution to this problem, please let us know! + +* **Pay online (non-US Apes)** +* Go to [https://www.toysfortots.org/donate/Default.aspx](https://www.toysfortots.org/donate/Default.aspx) +* Scroll down to the Paypal portion and click it and then complete the instructions. + +&#x200B; + +**Can we support other causes within Superstonk?** + +This is a tough one. We’ve got a lot of Apes with a lot of passions and a lot of causes we can support. Wherever you want to give your money to this Holiday, Superstonk cheers you on and celebrates the giving nature of the Apes! But for advertising on Superstonk, we feel focusing 100% of our efforts towards our **Very GMErry Holidays** fundraiser will best fulfill our goals and we will unfortunately remove all other fundraisers. Please be aware that we have spoken with the mods at [r/ApePhilanthropy](https://www.reddit.com/r/ApePhilanthropy/) and they will happily support the discussion and promotion of other charities and causes. We apologize for any disappointment you may feel, but we hope you understand this difficult decision we had to make. + +&#x200B; + +**Is there anything I should be worried about?** + +Yes! We are cautious of any fake links and campaigns that will try to phish for your information in the name of this Fundraiser. Please ONLY use the link found on this Reddit post to make your donation. + +[https://marinetoysfortots.salsalabs.org/2021marinetoysfortotscrowdfunding/p/VeryGMErryHoliday/index.html](https://marinetoysfortots.salsalabs.org/2021marinetoysfortotscrowdfunding/p/VeryGMErryHoliday/index.html) + +[“We live in a cynical, cynical world”...“I think in this age, optimism is a revolutionary act”](https://preview.redd.it/x7ttximntpx71.jpg?width=1024&format=pjpg&auto=webp&s=26e504df6e22f298c1122fe100217b75538e23de) + +# WHAT WE NEED FROM YOU APES (THIS SECTION WILL BE UPDATED) + +1. SHARE THIS FUNDRAISER! + 1. Here are some amazing graphics for this event! Pick whichever that you like and share with the link! + 2. [https://imgur.com/gallery/DJYi51G](https://imgur.com/gallery/DJYi51G) + 3. [https://imgur.com/a/Zxjg2LS](https://imgur.com/a/Zxjg2LS) +2. Coordinate those local boxes! + +# THANK YOU! And please let us know if you have any questions! Let's have a Very GMErry Holiday! +Hi Ya'll, + +I've got a few tenants that are experiencing a loss of working hours. I'd like enact a reduction of rent for them for the following months. Is there any specific form or paperwork I would need to use to account this action for tax time, or do I draft up my own contract for them to sign? + +\- Hope you all doing alright + +Cheers, + +&#x200B; + +UPDATE: This post gained unexpected traction. Thank you for all these fancy medals and kind sentiments. + +Pending current announcements, rent reduction is planned to start at approximately 20-30%, tailored to the renter's current situation. Many of you have debated on the terms I've used - with respect to due diligence and formal documentation, I'll be drafting a contract / email to stipulate the terms, dates and the mutual agreement - no lawyers involved. Will also expedite this process and handle this directly - no agents involved. Also understand the potential impact to insurance. + +If some of you are wondering: Some tenants are on a working visa/sponsorship, and are on track to become PR. In this case, they seem to have no recourse with Centrelink support. + +State: WA + +Thank you all for your input. Please let me know if there is anything else I should be aware of. +**TL;DR:** We're stopping this outstanding Subreddit from turning into a YellowPages/Craigslist Ad for gurus, harbor for frivolous traders, and YouTube channel funnel. The spillover from other sub(s), low quality/effort posts, memes, guru/YouTube/"FollowMeHere", "BuyThisStock" stuff is of the past. The mods goals ^((especially mine)) are to make the subreddit what it was before the influx of new users so you can get the same experience other r/Daytrading users and I had once upon a time. Read the rules before posting/commenting. It would behoove you to read the post in entirety if you want a more granular explanation on how r/Daytrading will be from now on. + +&#x200B; + +**First thing's first:** To those who **know** there is a way to make it in this business and are still going head first into this beast of a journey full force AND/OR are brand new to this looking to prove the "+90% fail" statistic wrong.. I personally commend you. + +I see your usernames remain overtime, some of you chatted with me months ago and check in with me still to this day, and some of you will figure it all out in due time. This post isn't directed to you. We've just gotten so many messages asking that the sub gets cleaned up... and we agree! + +&#x200B; + +&#x200B; + +[In less than 10 months. The subreddit grew 4 times its size. r\/Daytrading had a grand total of 50k subscribers in March 2020... It grew 75k in the last 24 hours to almost 300k.](https://preview.redd.it/n3m4lynqlbe61.png?width=2627&format=png&auto=webp&s=3470a3efecea7057cf50fcc1d15adf531471d303) + +&#x200B; + +&#x200B; + +&#x200B; + +We all know why. The entry-barrier is low to open up a trading account. Times get tough, you turn to the most capitalistic thing known to mankind to try your hand at firing up a trading business in order to strip money from someone on the other side of the screen for a few bucks then selling it to someone else so you can put food on the table and make a few extra bucks. <-- *Because that's the business you're in.* ***A zero sum game***. When you sell for a profit, you took that opportunity from those who sold you the shares/contracts to someone else to have the liability.. when you cover a short position for a profit then return the shares... You siphoned equity from someone's account... **So with that said; from now on...** + +&#x200B; + +**1) Meme Stocks:** This isn't a terminal for people to pump stocks. We don't want that attention. It never works out for the majority. We don't play musical chairs with our trading accounts. You know the PDT rule just so happened to come out in 2001 directly after everyone got blown up in the **speculative** tech bubble boom and bust when there weren't any bidders for said ^(()*^(worthless)**\*\*)* stock's pumped up prices? **This rule was created to mitigate that from happening to novice traders.** I'm sure you don't want more rules and regulation because oblivious retail traders are bagholding a market frenzy. **70,000 new subscribers to this sub in 24 hours... Again, we know why and the market will eat your account alive without a care in the world.** + +&#x200B; + +**2) "Thoughts on <insert\_ticker>?"** \- <-Nobody knows. Those who move stock prices and/or have insider info of where the institutions moving their BILLIONS of dollars... aren't on Reddit. Or any social media. I still haven't run into 1 retail intraday trader who knows what they'll trade the next day, I still don't know what I'll trade until about 20-25 minutes before the open every day and its been that way since starting years ago. + +&#x200B; + +**3) There is common vernacular/acceptable and verboten conversations in each Subreddit.** For instance: Go to r/Stocks, r/Investing, or r/PersonalFinance and ask what they think about trying your hand at day trading. You'll get downvoted, grilled, then probably banned. Well same thing here. Leave the attention seeking emojis in another subreddit where they're omnipresent and accepted. Criticism must be constructive. + +&#x200B; + +**4) YouTubers:** [Check this out](https://www.reddit.com/r/Daytrading/wiki/guidelines-for-content-creators#wiki_no_links_to_your_content_in_comments)... For those looking for content creators/YouTubers to learn how to trade, ask yourself this question, "If I made as much as they claim they make.. would I spend hours a day shooting and editing content for \~0.0025¢ a view pumping out a strategy that took weeks or even months to build for a few digital likes which will dull my edge (that makes me so much money) in the market?" + +&#x200B; + +**Want to build a following? I can recommend 2 options:** + +&#x200B; + +1. *1) Take all of your lucrative trading profits and* ***pay*** *YouTube, Facebook, Instagram, Reddit, Twitter, etc. for ad space.* r/Daytrading *isn't your YellowPages.* +2. *2) Make high-quality posts, be active in the community by engaging in posts, give advice you wish you wish someone would have told you starting out, then leave a URL* ***(THAT DOESN'T LEAD TO A "BUY HERE" PAGE)*** *in your Reddit bio. If someone wants to follow your work.. they'll follow. If they want to contact you... they'll send a message to you. It takes 2 seconds to click on the Reddit handle and see their bio. It worked for my Twitter back when I used to post my watchlist every morning. Now I post my thoughts about trading* ***there*** *rather than polluting this subreddit with my ideas/new pieces of work when they come up.* + +&#x200B; + +**5)** **It is** r/Daytrading. Emphasis on the **DAY**. Daytrading is where you enter and exit a position in the same day. That's what we discuss and strategize. Want to discuss how to Swingtrade? Go join r/Swingtrading. Here is where you post about what trades you took one day or a strategy you're testing then seek constructive criticism from other users THEN test their theories/advice. That's what r/Daytrading has always been. + +&#x200B; + +If you want to post something but not sure if it breaks the rules... it probably breaks the rules. If you absolutely must.. Enable a public draft link and run it by the mods. (**Not** a direct chat to **a** mod... send it to the mod team). We will gloss over it and give the Go or No-Go. + +&#x200B; + +**Brand new? You're not about to wire money to a broker and start** ***consistently*** **producing profits. You might get lucky for a bit though! Especially when the market has been as easy as it is.** + +&#x200B; + +1. Book recommendations? Go to Amazon and get the 4-5 star review books. That's a start. +2. [Read The Wiki Here](https://www.reddit.com/r/Daytrading/wiki/index#wiki_getting_started). (You'll sound way more intelligent and attentive to this business in your posts/questions when you have a grasp of the fundamentals after reading that info. The foundation of my trades came from that simple link and nothing's changed since I started trading years ago. Trading isn't rocket science. It's Up/Down. Green/Red. Profit/Loss. Win/Lose. That wiki is solid info. You'll probably know how to wade through YouTube and Google videos to answer your questions after it guides you with trading vocabulary and ideas.) + +# So moving forward: Read the rules and don't break them. + +Lastly, don't be rude. Your attitude here is a direct reflection of your life. Successful individuals aren't condescending or wasting their time with name calling no matter how warranted it is. + +&#x200B; + +All the best and success is a marathon, not a sprint. It takes a good while to get good at this business! + +&#x200B; + +\-CJT2013 +How do you simultaneously make a lot of money and not become a literal criminal because I’m stuck grinding my ass off trying to support a family for literally nothing. +I’m a single mom that dad doesn’t help and that’s a whole separate thing but I don’t drive and I can’t work bc I can’t afford a sitter but bc I got a felony back when I was 20 I keep getting turned down from work from home jobs and I’m only able to work when my mom comes up to watch my son so I am only able to make enough money for rent and my phone bill but I don’t want to live paycheck to paycheck so I’m hoping someone can help point me in the right direction +Hi, im 19 and my life is a mess. since covid i lost jobs and i have trouble making some money. I started my new job yesterday and it been stressful. I need to pay so much things in so less time. My cat got sick and he looks awful, i needed to change the veterinarians appointment in two weeks because i didn’t have the money. My rent is due in 2 weeks, my electricity bills is due in 2 weeks in or i dont have electricity anymore. My phone bills is already due and i can’t even make phone calls. And even on top of that, im paid minimum wage. I can’t even repair my broken glasses, im sick im scared to have covid. How am i supposed to go to work tomorrow as my 2nd shift sick ? My mom can’t even support me and my dad don’t give a single shit. Don’t have family either. Im gonna have a mental breakdown. + + +Spoilers: im gonna be in trouble, im sure +I’m a 24 year old male and I finally saved up $11k. The most I’ve finally saved up in my life and my goal is to save $100k. Any advice to get there? I want to quit trading time for money but don’t know where to start. Any advice? +Well last month we were facing eviction and having an impossible time finding an affordable apartment. Then COVID shut down happened and everyone left my town. Broke leases and moved back home when school canceled. Then apartments got cheaper and I got a bigger apartment than I currently have in an affordable price range! We used our tax return to pay off our previous eviction. The Governor canceled all evictions so we are able to finish our lease and we can pay off the money we owe in back rent instead. The apartment isn't going to file anymore. Now we wont have any negative marks on our credit. We still have money to get a (new to me) bigger couch too a benefit of school closing is students dont move with their stuff. I feel like I can breathe for the first time since I left my job for a comission based travel company (covid said no to this venture at least for now) +🐶 DogeWookiee launches today! Some amazing and unique tokenomics with a team that is here for the long-term! I’ve detailed the tokenomics below. All the details are available on their Telegram. + +**Quick Stats** +============ + +Doge spinoff + +Cute StarWars crossover + +Automated buy-back-and-burn every 20mins + +📠 smart contract public and verified + +1 Billion tokens supply + +DogeWookiee $DOGIEE + +10% tax + +8% goes to balanced-auto-liquidity + +2% goes to marketing + +Excess above threshold liquidity sent to 🔥buy-back🔥 + +Every 30mins, ALL buy-back wallet used to buy-back-and-burn + +3-mins post burn, taxes doubled + +Fully automated, even presale is baked into contract. + +- - - + +DogeWookiee is playing on Doge popularity with an interesting take on it. Doge tokens tend to do pretty well so I will be flipping a bean and entering their whitelist competition. The last few whitelist launches I’ve been in have been really successful. It seems like a good way to attract a solid floor of investors. I’ve gone ahead and summarized their tokenomics below. + +Their contract is verified and visible already on BSC scan and it has an inbuilt presale function that has been rigorously tested on both test/mainnet. The BscScan link is available in their telegram! + +🚀 **TOKENOMICS** 🚀 +==================== + +They have an interesting take on the popular buy-back tokenomics .💸 8% of every transaction is sent to auto-liquidity, unless liquidity is above a threshold, in which case it goes to the buy-back wallet. Every 30 mins, the whole buy-back wallet executes a 🔥buy-back-and-burn🔥, after which sales tax is doubled. There is a 2% tax for marketing that can apparently be redirected to the burn wallet. +Deflationary + +✅No hostage taking with fear of kraken tax + +✅Predictable automation + + +🚀LINKS🚀 +========== + +Website: www.dogewookiee.io + +Telegram: https://www.t.me/dogewookiee + +Twitter: www.twitter.com/dogewookiee + +Instagram: www.instagram.com/dogewookiee + +Medium: www.dogewookiee.medium.com +I hope this doesn’t break any rules but I’m curious on your perspective on this: + +I’m sure we’ve all seen the news recently about a certain stock (or a group of stocks depending on who you ask) having a very drastic change in market valuation in a short period of time. Almost everyone seems to have their own “hot take” on the subject. + +I know the vast majority of us have a significant portion of our NW in the stock market. Do these events make you feel optimistic or pessimistic about the future of the market? Is your outlook unchanged from before? Do you plan to change your strategy or rebalance what assets your NW is in? + +I would suspect more than a few of our members work on Wall Street or in finance so I would be particularly interested to hearing from anyone in that space. How do you feel about this vs your boss vs people under you? + +I want to make it clear that I’m **not** advocating taking advantage of this situation to advance FatFire goals and this thread is **not** about debating if that’s a good idea. That’s your business and I’m not going to cast judgement. + +What I am asking is have recent events affected you in anyway, do you have any unique perspective on these events and if you are changing your FatFire strategy as a result +Hello world, sorry for being late, but better late than never, right? 😅 +I hope you all had a fantastic weekend, let's have some fun this week! + +Current price "30 minutes until close: 230.96 US-$" + +FAQ: + +Where do you get our numbers from? +- +I trade through my bank account and just refresh the page to see the current price. I then use my conversion app ( Euro to US-$ ) and post the result. +I try to post every 5 minutes, but I am at work so I can't guarantee it 😄 + +Why are your numbers different from the ones I'm seeing online? +- +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). +That's why my movement may differ from your sources online. + +I don't trust those germans, look at what they did in the 20th century...can I get another source? +- +Sure, you can take a look here...just remember to convert from € to $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is crucial, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +20 minutes in:                  229.19 US-$ + +25 minutes in: 229.43 US-$ + +30 minutes in: 229.92 US-$ + +35 minutes in: 230.66 US-$ + +40 minutes in: 228.58 US-$ + +45 minutes in: 230.90 US-$ + +50 minutes in: 230.90 US-$ + +55 minutes in: 229.80 US-$ + +60 minutes in: 229.92 US-$ + +65 minutes in: 230.78 US-$ + +70 minutes in: 231.51 US-$ + +75 minutes in: 231.21 US-$ + +80 minutes in: 230.29 US-$ + +85 minutes in: 230.84 US-$ + +90 minutes in: 231.70 US-$ + +95 minutes in: 231.88 US-$ + +100 minutes in: 232.37 US-$ + +105 minutes in: 232.67 US-$ + +110 minutes in: 233.16 US-$ + +115 minutes in: 232.98 US-$ + +So under normal circumstances, this would be it for today, but the US stock market won't open today, right? +I can keep you updated if you'd like...not every 5 minutes though 😅 +Let me know 🤗 + +130 minutes in: 232.92 US-$ + +145 minutes in: 232.98 US-$ + +160 minutes in: 230.53 US-$ + +175 minutes in: 231.94 US-$ + +195 minutes in: 230.72 US-$ + +225 minutes in: 230.72 US-$ + +240 minutes in: 230.53 US-$ + +255 minutes in: 231.27 US-$ + +270 minutes in: 231.15 US-$ + +285 minutes in: 231.02 US-$ + +300 minutes in: 229.86 US-$ + +315 minutes in: 229.31 US-$ + +330 minutes in: 229.92 US-$ + +345 minutes in: 229.37 US-$ + +365 minutes in: 229.31 US-$ + +375 minutes in: 229.43 US-$ + +395 minutes in: 229.62 US-$ + +420 minutes in: 229.92 US-$ + +435 minutes in: 230.90 US-$ + +450 minutes in: 230.78 US-$ + +465 minutes in: 230.72 US-$ + +480 minutes in: 230.66 US-$ + +495 minutes in: 230.72 US-$ + +510 minutes in: 230.84 US-$ + +525 minutes in: 230.84 US-$ + +540 minutes in: 230.78 US-$ + +10k upvotes, 250 awards, what is wrong with you?😅 +Thank you so so much, I'm really thankful for every single one of you! +I hope that you have a great day, please stay hydrated and take care of yourself 🤗 +I have some things to do, so I don't think that I can keep this 15 minute schedule up...but I mean, look at it, there's not really much action going on 😅 +I will update you as often as I can but I have no idea how often that will be + +Again, thank you all so much, you're all much appreciated!! + +555 minutes in: 230.66 US-$ + +570 minutes in: 231.02 US-$ + + +30 minutes until close: 230.96 US-$ +I used multiple keyword notifications per day and have a lot of interaction on the site. Since it sold, I just feel like it's really watered down. User activity has seemed to decline every month. Anyone else feel the same? +As someone approaching their mid 30s, it’s more than a bit scary right now with the only economic plan right now is make people buy houses. A lot of the capital being spent right now is being spent on things that are fixed - houses, telecom, banks, etc. No innovation, no tech, no nothing. The money printing was necessary due to COVID but I don’t feel like there is actually a plan to make Canada into something other than the world’s supply of rocks, trees and water (and oil). + +I predict that it’s only to be an ugly 10-20 years once the housing bubble pops. + +That being said, I have VGRO in my portfolio so there is a decent exposure to Canada. +Anyone have any expierence with products that can get rid of that decomp smell? A tenant died in his RV and No one knew for several days, until they smelt something. Thanks! +RBI considers an inflation rate of [4% (+/- 2%) to be ideal](https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=53652) as opposed to the Federal Reserve who consider [2% to be the ideal inflation rate](https://www.federalreserve.gov/monetarypolicy/monetary-policy-what-are-its-goals-how-does-it-work.htm)? Why is this difference? +Cybersecurity is a critical component of financial security, but rarely discussed in personal finance circles. Note that cybersecurity practitioners disagree over best practices for personal cybersecurity. This is my perspective, as I have some expertise in the area. + +As a member of r/fatFIRE, you are a particularly juicy target for attackers, so this guide is written with the intent of preventing attacks from strangers and people you know. Obviously, more skilled attackers who are targeting you specifically will get you eventually, so we won’t cover that. + +Good cybersecurity protection consists of prevention, so you don’t get owned, and monitoring, so you know when you’re owned and can take action to remediate the damage. A common method for attacks is that a website’s database gets compromised and your information is stolen, which could be passwords or credit card info. This information is then used to harm you. You can check haveibeenpwned.com to see if your email is known to be compromised. You should move forward with the assumption that your information is out there, as that mindset will help you the most. + +**Passwords** + +One of the reasons email/password credentials are so valuable to attackers is that most people reuse the same passwords for everything. Ideally, getting my Reddit email/password combo would only allow someone to post a bad Fat Guide to r/fatFIRE, which would be a travesty but not disastrous. However, many people reuse passwords so stealing my reddit credentials would permit them to log into my bank account, email, etc. + +You should be using a unique, strong password for each site, but since that’s hard to remember, you should use a password manager like Lastpass. Using a password manager guarantees a unique, strong password for each site. The only passwords you should keep outside of Lastpass are your lastpass password, your email(s) password, and your computer password. You may ask what happens if Lastpass or other password managers are hacked. I won’t get into the technical details, but your information is generally safe even after breaches because the company doesn’t’ hold the encryption key to your data, you do (as your password). Security experts agree that using a password manager, even one with potential vulnerabilities, is generally safer than not using one. This is a bit of an oversimplification, but it's true. Use a password manager. + +**2 Factor Authentication** + +Obviously, two factor authentication improves your situation by preventing someone from compromising your account if they only get your username/password. However, traditional 2FA methods like email or text can be phished. There are many scams where someone calls you, pretending to be your bank, and then tells you to read them the number texted to you to “authenticate yourself.” Meanwhile, they login or reset your password with the code and clean you out. Another method, “SIM swapping,” which was recently used to steal Jack Dorsey’s (twitter CEO’s) twitter account, is where the hacker convinces your phone provider to switch your number to the attacker’s SIM card in their phone. You can’t defend against this, so phone 2FA is never perfectly safe. + +The solution? Security keys, such as Yubico’s Yubikeys or Google’s Titan keys. These are physical devices that provide a code, and can be used for 2FA on Google, Facebook, Vanguard, Reddit, Lastpass, and many more. Unfortunately, few commercial banks support security keys including Ally (please message their customer support about this, they need to support it). Security keys cannot be compromised outside of stealing the key as they require you to have physical possession of the device. Of course, you need two of them in case you lose one or it breaks, or else you’ll get locked out of your accounts. With premium Lastpass, you can use security keys to protect your Lastpass passwords as well. This is a great tactic. + +**Protecting Root** + +Getting “access to root” means you have access to everything. In this case, “root” is your email because you are generally able to reset your password on other accounts from your email (I suppose your phone or pc may be as well, more on that below). My recommendation in this case is to use Gmail with the advanced protection program (requires security keys). This will make it virtually impossible for anyone to access your account but you. However, if you lose both your keys you will have to wait a few days for Google to confirm who you are so you can get back in. One of the other advantages to using security keys is that “root” doesn’t really exist anymore on any account using them, as even if an attacker breaks into your email they can’t bypass security key 2FA for other accounts. + +My other recommendation is to use two emails, one which you use publicly and the other privately. Use the public one for whatever: social media accounts, receiving forwarded articles from your crazy grandpa, applying to jobs, etc. The private one should be used only for your financial accounts, such as banks, brokerages, and credit cards. You can also use this email for Lastpass. You should never provide this email to anyone, ever. This will make it very hard for someone, even someone who knows you, to guess what email you use for your finances. Ideally, you’d be using a separate computer, like a $200 chromebook, as the only computer/phone from which you access this email or financial accounts, but that’s pretty paranoid and not necessary. Both of these Gmail accounts should use unique, strong passwords you have memorized, and not be stored in a password manager, just in case. + +**Protecting Other Accounts** + +Protecting all other accounts is straightforward: use your password manager for a password and use 2FA (preferably with a security key) wherever possible. You never know which account will give an attacker the info they need to own you, which could be your address, phone number, etc. Imagine if your spouse or mom got a Facebook message from “you” saying you forgot your SSN and need it right away. Many accounts, particularly financial accounts, may contain tax forms with your social security number. Most people don’t realize their college account, which may have financial aid tax forms, may have this info. Protecting your SSN is really, really, hard, which leads us to… + +**Financial Information** + +Frankly, protecting your SSN today is basically impossible. If you used credit before the Equifax breach, your info is probably in the wild and could be used today or 50 years from now. If you have no immediate plans to use your credit, freeze it with every major bureau. Also, set up credit monitoring so you know if anyone opens an account in your name. Unfortunately, there is not much you can do to prevent your SSN being compromised. Your SSN is everywhere, from banks, to colleges, to your employer, to your doctors/accountants/lawyers office. It is a literal disaster that will hopefully be corrected, but probably won’t. + +Credit cards are equally challenging to protect (if not more so). You should use credit cards and not debit cards wherever possible, as it is unlikely you will successfully dispute debit card transactions. It is common for credit card info to be stolen via database hacks (do you really trust every vendor you use your card at?). Apps like Apple/Google Pay are actually even better as a result, as they use a one-time code for the transaction that cannot be used afterwards, so it doesn’t matter if they are stolen. Here, I will also note that while RFID-readers reading your credit card while you walk by on the sidewalk is technically possible, there has never been a documented case of it occurring and the RFID-blocking wallet is totally unnecessary as a result. + +A critical component is, again, monitoring. You can typically configure text alerts for every credit card transaction. I receive a text every time any of my cards are used. This helps identify fraudulent transactions in real-time. + +Lastly, it is often possible with banks to set up a challenge/response for phone calls. They might have to provide you a code to authenticate themselves as your bank, or they may ask you a security question/ask for a code to authenticate you. This is very helpful at stopping social engineers from stealing your info, either by pretending to be your bank calling you or pretending to be you calling your bank. Keep in mind, though, that many “security questions” are awful and can be found on your facebook. So pick a weird one, like “Who was your least favorite teacher in high school?” + +**General Device Security** + +Device security is really fraught and challenging. From a phone perspective, you should of course use some sort of authentication (such as fingerprint, passcode, pattern), on your phone and also on each of your financial apps, so stealing your unlocked phone doesn’t grant automatic access to financial accounts. Aim to only install apps from trusted sources, as multiple apps that have 10-100 million+ downloads have been demonstrated malicious. + +PCs are a little more challenging. Chromebooks are the safest PCs from a security perspective. If you ask me what the best antivirus is, it’s a chromebook. Seriously, if you’re going to get a laptop for anything but gaming or video editing, get a chromebook. Despite what many laymen say, Macs aren’t technically more secure than Windows, but attackers are less likely to target them because they are less common. As you do sketchier things on the internet, you are more likely to get owned. For example, regular browsing on trusted sites is typically safe. Going on adult or illegal streaming websites may have malicious pop-ups or ads. Torrenting is more dangerous, and the dark web can be extremely thorny. As a result, I strongly recommend that if you want to engage in unsafe behavior (i.e. torrenting) on the internet, at least keep a separate $200 Chromebook only for all your finances, and don’t access those accounts from any other device. No reason to lose tens or even hundreds of thousands of dollars because you didn’t want to spend $20 on a video game. + +As far as anti-virus goes (if you have to use something other than a Chromebook), Bitdefender is a pretty good bet, but there’s a lot of good software out there. Personally, I’d be wary of anything Russian or Chinese either as security software (Kaspersky) or as a device (Huawei). Chinese manufacturers are known to insert backdoors into their devices. In one particularly ironic instance, a chinese manufacturer perfectly copied an American device down to the typos in the manual, but their version had twice as many security vulnerabilities. This is one of the reasons letting Chinese manufacturers build 5G infrastructure in Europe is so worrisome. + +In a similar vein, public wifi is questionable. There are a lot of opportunities for attackers associated with public wifi networks. HTTPS stops many of these, but tools like sslstrip highlight some vulnerabilities. A VPN may be helpful, but most free VPNs are awful, so do as you will. + +**Summary** + +Someone before asked for a flowchart or something of the sort, so here is a concrete action plan: + +1. Get at least two security keys (i.e. Yubico) +2. Set up a public and private gmail account. Your private email should not be linked in ANY way to your public email and should be given to no one. +3. Turn on advanced protection on both gmail accounts and link to security keys +4. Get a password manager like Lastpass. If you get Lastpass premium (recommended), add your security keys for authentication. +5. Generate new passwords using your password manager for all accounts but your emails, pc password, and your password manager itself. +6. Associate any financial accounts, such as credit cards, banks, brokerages with your private email +7. Turn on 2FA (with the security keys wherever possible) on all accounts, as well as login alerts. +8. Turn on text/email alerts for any credit card charges or bank transactions, as well as credit changes. +9. Make sure your phone is locked by some authorization measure, as well as your financial apps individually. Preferably a password. Added bonus: cops can’t get a password but can force your fingerprint or face id, a current dispute in the courts. +10. Optionally freeze your credit. +11. Optionally get a cheap chromebook as the only computer on which you do financial transactions. +12. Optionally encrypt your phone and hard drives. + +Using a password manager with security keys wherever possible, and 2FA where not, as well as Gmail’s advanced protection program is your best bet for protection on the web. You should configure monitoring for your accounts, SSN, and credit cards so you are aware of when they are used in real-time. There is obviously a lot more that could be covered, but the goal of this guide is not necessarily to make you impervious to attack, but rather to make you a very hard target so attackers give up and ignore you. Frankly, nothing will destroy your financial situation faster than a hacker who cleans your clock. +I've been investing in the stock market slowly. Since I just started, I'm taking it slow, tend to by 1-5 stocks at any time. I wanted to know how does someone decide when they want to add more stocks? Especially when the value of the stock increases (won't it reduce the average returns?). +That was Milton Friedman's view. + +[https://www.youtube.com/watch?v=B\_nGEj8wIP0](https://www.youtube.com/watch?v=B_nGEj8wIP0) + +Within the first 10 mins in this video Friedman says inflation is caused solely by government printing money. Nobody without a printing press can cause inflation, it is solely a monetary phenomenon. Further, he argues that 'there has never been inflation without government printing money - and government printing large amounts of money has never not caused inflation' and shows charts to show the correlation (around 10 minute mark). + +&#x200B; + +Questions: + +Is this true or a fringe belief? + +If it is true (or mostly true), why the confusion about the cause of current high US inflation (like Russia or corporate greed)? + +Wouldn't it be directly attributable to the Fed printing a lot of dollars since Covid started? +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! + +My employer notified me that they made an error in the 401k matches that was discovered by an auditor, and that as a result, they will be taking pretty much all the employer matches for this and parts of last year out of my 401k account. + +The way they explained this to me was like this: I am one of the few employees that front load their 401k account in the beginning of the year (I typically max out by March or so), and that's always been fine (I've been with the company for years). They have always continued to "match" until the end of the year. So I just get some $300 per pay period in my 401k after I've maxed out. + +However, when they switched from Voya to Fidelity some year and a half ago, they continued doing that --- i.e. they continued the employer matches throughout the rest of the year even when my contributions were already maxed out. Now they are telling me that according to the terms of the Fidelity contract or something they were not allowed to do that and that they have to take the money back. And that there is nothing I can do about or they could do about. + +Effectively, or at least that's how I understand it, after they've taken their erroneous contributions back it will be like I didn't contribute at all for 9/12 months of the year. + +This may sound shady but I trust my employer, so I think it was an honest mistake on their part. That doesn't make me any happier about it though. + +I've so far only spoken to the payroll person and not to anyone else. Do you guys have any suggestions on how to proceed or what to do? Do I just have to suck it up, or is there any way I can keep the money? +A few months ago I sold my startup which put me at around $11.5MM NW, mostly liquid besides a very reasonable house and cars and such. Currently in my early 30's, 2 kids under 5 and another on the way. + +I grew up in a middle-class household, both parents owned a small business and ran it together. In my formative years, I got to watch them work their asses off to make it successful, and I emulated that when I got out of school. I can clearly remember at dinner when I was young, they would talk about who to hire/fire, where to open a new location, etc. I remember asking questions about what they were doing and why, and it's a big part of what made me who I am. + +Here's the problem that's keeping me up at night: Having sold my last business and broken into 8-figure territory, I'm not sure I plan to work that hard again which means my kids may never get to see what working looks like as they grow up. + +I don't know if I can work solely for the sake of giving them an example, and I don't think telling them about it will be anywhere near as effective as showing them how to do it. My fear is that I'm going to raise kids who are out of touch with financial reality. + +The one advantage I have is that it's still early. One isn't even born yet... so how do you guys make sure your kids don't turn out to be entitled lazy out-of-touch assholes? +Warren Buffett’s Berkshire Hathaway Inc. spent the first quarter building up cash as the coronavirus slowdown started to grip the U.S. + +* Berkshire ended the period with $137 billion of cash, a record for the conglomerate. That was up almost $10 billion from the end of 2019, while the famed investor spent just a net $3.5 billion buying shares of his and other companies. + +### Key Insights + +* Buffett, Berkshire’s chairman and chief executive officer, has been on the hunt for higher-returning investments such as acquisitions or stock purchases for years, but has struggled amid what he called “sky-high” prices. +* Buffett will host Berkshire’s annual meeting virtually on Saturday, starting at 3:45 p.m. in Omaha with key deputy Greg Abel by his side. Buffett’s longtime business partner, Charlie Munger, won’t be in attendance. Follow the TopLive blog here. +* Berkshire’s first-quarter net income plunged to a loss of $49.7 billion, driven by unrealized losses in the massive stock portfolio. +* Berkshire bought $1.8 billion of stocks on a net basis in the period as the market plunged amid widespread fallout from Covid-19. +* Berkshire took a more cautious approach to stock buybacks in the first quarter, repurchasing just $1.7 billion. It spent a [record](https://www.bloomberg.com/news/articles/2020-02-22/buffett-spends-record-2-2-billion-buying-up-berkshire-shares) $2.2 billion on buybacks during the last three months of 2019. + +Source: [https://www.bloomberg.com/news/articles/2020-05-02/buffett-stays-on-the-sidelines-amid-market-tumble-as-cash-climbs](https://www.bloomberg.com/news/articles/2020-05-02/buffett-stays-on-the-sidelines-amid-market-tumble-as-cash-climbs) +Stop me if you’ve heard this before. + +Big major charity gives a ton of money in salary to its CEO and board of trustees and less than .0001% of the money collected annually goes to the pandas in need, or to ocean clean up, or whatever other cause getting the short end of the stick. + +It’s a tale as old as time, and while these “non-profits” rework the salaries and justify why a high-rise apartment is part of being a leader, ultimately it just becomes a question of what these people are actually doing. I mean, kudos to them for starting this organization, raising it from the ground up, and creating the donation platform, no doubt. But once it’s running itself, well… it’s best for everyone that the productive go find another way to be productive. + +That’s what DAO’s are really all about, removing the need for these overpaid officers who eventually run into a wall. After all, even Amazon at this point just exists as an entity. What does Bezos really do if he can just change his role and nothing different happens? Musk has time to be on SNL, what’s he really doing? + +**No, decentralization is all about putting control back into the hands of the people, and that’s what HappyCoin aims to do with charity tokens.** + +By creating a situation in which familiar tokenomics create an ever-expanding sea of holders **(currently 27,000 in less than a week, about to breach 30,000)** whose transactions back and forth create more charitable good, the token autonomously stashes its own funding for charity. + +Once the process for picking the charities becomes automated and community-driven as well, this really will be a project that goes beyond market cap valuation **(still far too low at $20M)**. $HAPPY will be one of the first in a long line of tokens meant to help decentralize the process of giving to greater good. + +Beyond creating a web-app that can handle this entire process, this young project still has several milestones to come this week from a **CEX listing, CG listing, CMC listing**, listing listing listing, anyway, you get it, you’re early and this is still going to get a ton of hype, especially when the big influencers come to play. + +And for $HAPPY which dedicates itself to mental health related causes, **having donated $20,000 this past Friday on a** [**Twitch livestream**](https://www.twitch.tv/videos/998345263) **with the founder doxxing himself,** it’ll be an easy cause to get behind as these totals begin to rise, **$50,000 more going out this Friday!** + +So don’t miss this when you can get in before it becomes + +**the next ElonGate ($250M)** + +or even bigger... + +Website: [https://www.thehappycoin.co/](https://www.thehappycoin.co/) + +Chart: [https://charts.bogged.finance/?token=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D](https://charts.bogged.finance/?token=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D) + +Recent Donation Livestream: [https://www.twitch.tv/videos/998345263](https://www.twitch.tv/videos/998345263) + +BSCScan: [https://bscscan.com/token/0xb0b924c4a31b7d4581a7f78f57cee1e65736be1d](https://bscscan.com/token/0xb0b924c4a31b7d4581a7f78f57cee1e65736be1d) + +PancakeSwap: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D) + With all this volatility, I’m hearing a lot of people advise that investors put their money in “safe-haven” stocks. Common safe-havens I hear people advise are companies like JNJ, PG, WMT, BMY, COST, and KO. + +As a value investor, I decided to analyze these stocks to see if they are selling at fair or discounted value. These stocks typically make up a large portion of most value ETFs. But are they truly “value” stocks in the sense that they are selling below their intrinsic value? + +Here is what I found: + +**Johnson & Johnson** + +JNJ is a great company. It has a great ROE, impressive profit margins, low debt, fairly consistent earnings growth over the past 10 years and a solid brand. + +But is it selling for fair value? Not even close. Assuming a 9% earnings CAGR (a generous assumption considering its growth rate for the past 5 years is 5.7% and analysts are estimating a 5% growth rate over the next 5 years), JNJ’s intrinsic value is only $94/share. It is currently selling at $177. JNJ would need to maintain a 19% earnings growth rate in order to justify its current price. + +**Procter & Gamble** + +PG is another great company. It has all the same strengths as JNJ (High ROE, profit margins, low debt, consistent earnings and many strong brands). There are a few red flags, though. First, insiders are selling the stock at a rapid rate and its debt level is higher than JNJ. This is especially concerning because PG has significantly less cash to cover its debt. + +Despite these red flags, PG is worth well over $160billion. The only problem: its current market cap is $345billion. To justify its current, high price, PG would need to maintain a 21% growth rate, which is very unlikely considering its past growth rate of 9.5%. + +Procter & Gamble may be viewed as a safe haven by many investors, but is not a good value. + +**Walmart** + +WMT is a behemoth. But it is still very overpriced. By analyzing its fundamental value, including its earnings, past growth rate, expected future growth rate, profit margins, ROE and debt levels, I calculated Walmart’s intrinsic value to be $52/share. It is selling for $122. + +**Bristol-Myers Squibb** + +BMY is, perhaps, the most overpriced stock on this list. I calculate its value at around $22/share. It is currently selling for $77. I was surprised to see that most pharmaceutical companies are selling at a massive premium, including LLY, ABBV, BIO, BIIB, GILD, MRK, PFE and WST. Pharmaceuticals do not look like good hunting grounds for value investors right now. + +**Costco** + +I love Costco. I spend hundreds of dollars there every month and have tremendous brand loyalty. But is Costco selling at a reasonable price? No. + +I calculate the value of COST to be around $130billion. It has a market cap of $212billion. I wouldn’t touch Costco unless it drops 40-50%. + +**Coca-Cola** + +KO will always be part of value investment history because of Warren Buffett’s massive investment in the company. It was certainly a value stock in 1988. But is it a value stock now? + +It doesn’t look like it. Despite its stellar ROE and profit margins, it is growing too slowly to justify its high PE of 26. It looks like it is selling at close to double its intrinsic value. + +I also feel concerned about the level of insider selling on the stock. It was a legendary value buy in 1988, but it doesn’t look like a good value in 2022. + +**VALUE OPTIONS** + +There are some good value stocks out there. + +FAANG- After the recent dip, all FAANG stocks look fairly priced to me. META, NFLX and AAPL look underpriced. + +INTC- I calculate INTC’s intrinsic value to be around $100/share. It is selling for $38. The semiconductor space looks undervalued as a whole, so value investors should take a closer look here. + +Financials look like a great value. JPM, C, MA, DFS, TROW all look like good values. Plus, the tailwind of higher rates could help boost earnings even further. + +Autos- With the exception of TSLA, most auto stocks look underpriced. TM, HMC and F are a few of my favorites. I also like auto dealer stocks like ABG and CRMT. + +Retail- WMT and COST are both overpriced, but there is good value in the retail space. TGT is selling at a very reasonable price and BBY looks like it is selling at a 50% discount. There are also awesome values in the small-cap retail space like CONN, ASO, KIRK, BGFV and TCS. + +**I'd love to hear feedback from anyone. Especially if you think my analysis is wrong. Thanks in advance!** +TIL: + +1. A family member made $800,000 in realized profit on two strategies last year. +(A) selling naked puts on margin on SPXL (3x leveraged SPY) +(B) selling SPY put credit spreads on margin + +- “hedging��� with VIX calls in both cases + +Here’s my rant: +He didn’t know if SPXL was cash settled index or an ETF. (First I’d heard of it so I had to ask.) +Didn’t know what Greeks were. +Didn’t close his positions, even for spreads; just let them expire OTM in every case. + +My mans made 8x my life savings knowing a fraction of the basic knowledge and getting lucky. Paid off his mortgage by Christmas 2021 and called it a day. Hasn’t touched it in 2022. + +Another reminder that if you can choose to be lucky or choose to be good, always pick lucky. +Hey folks, + +I want to share some basic screener presets to help you find stocks. I use FinViz, but the filters I’ve listed below could be applied to any screener platform/software with a little tweaking and/or interpretation. + +I’ve tried TradingView, ChartMill, TrendSpider, I even demo’d Trade Ideas, but I always come back to FinViz. I love everything about the site. It looks “old” compared to some of the others, but it’s intuitive to *actual* day-to-day use. There are interactive charts available, but no kitschy HTML5 animated nonsense taking up 1/4 of the screen, etc. Just clean data to review each morning. They do not have an app, though. That turns some people off, but I don’t think your mobile device should be doing the heavy lifting anyhow. At least in my old opinion. ;) + +I use the All filter in the Screener to show all available parameters at once — https://i.imgur.com/FGXa576.png + +You may need to change some of these values otherwise you will get the same results over and over. Market cap or share price, for example. Review each line and determine its context. Don’t limit yourself. + +Here are my 5 basic presets that I review regularly — + +--- + +**Daily Stocks in Play** + +Pre market gap up or down 2% + +Pre-market trades of 50,000 or more shares + +Avg daily volume of 500,000 shares + +Avg True Range of at least .50 cents + +Fundamental catalyst such as earnings or event within 24 hours + +No short interest higher than 25% + +---- + +**Buy and Hold Value Plays** + +Mkt cap > 50mm + +EPS growth next 5 years > 10% + +ROE > 15% + +PEG > 1 + +Current Ratio > 1.5 + +Price above SMA20 + +*Beta > 1.5 + +---- + +**Short Squeeze** + +Float Short: Over 15% + +Average Volume: Over 100k + +Price: Over $2 + +Institutional Ownership: Under 50% + +*Filter by news within 24 hours* + +--- + +**Undervalued Dividend Growth** + +Dividend yield stocks greater than 0% + +Market Capitalization of over $10bn + +Input P/E ratio less than 20x + +EPS growth next year of greater than 5% + +Input EPS growth next 5 years of greater than 5% + +PEG < 1 + +Use a payout ratio of less than 50%. + +*Sort by P/E* + +---- + +**Institutional Interest** + +Current Price greater than Price from 1 Week Ago + +Price from 1 Week Ago greater than Price from 2 Weeks Ago + +Price from 2 Week Ago greater than Price from 3 Weeks Ago + +Weekly Volume greater than Weekly Volume from 1 Week Ago + +Weekly Volume from 1 Wk Ago greater than Weekly Volume from 2 Wks Ago + +Weekly Volume from 2 Wks Ago greater than Weekly Volume from 3 Wks Ago + +Price greater than or equal to $5 + +Average 20-day Volume greater than or equal to 100,000 shares + +---------- + +I’ll admit that FinViz is not the best tool for determining institutional interest. You may need to piece a few things together to get the big picture, but you’ll figure it out. + +What are some of your favorite screener presets? Let's get a list going. Be sure to include the context in which you'd use the screener -- daily plays, swing trades, etc. + +Cheers +It's mostly a private thing so am I out of luck as a public investor? Is it impossible to get in on the ground floor? How do I approach that? + +My generation games were nerdy. Then they became more socially acceptable. Now you have kids literally paying to watch other people play video games. This will become normalized, these kids will grow up and become consumers and give birth to an even newer generation of kids, and I think "esports" (I still think it's completely ridiculous) will be a major thing for these coming generations. + +With that being said how do I make money on that if I am right? Because it's private do I need to approach as a private investor somehow? What about getting a job within that industry? Do I have to be a gamer? +I see a lot of people on here recommending I bonds, but I feel like there has to be a catch? Is it really as simple as it seems? + +I know I would only be keeping up with inflation and not actually increasing my $$ value, but it still seems like there should be a catch. + +I want to invest in them but need a little nudge. +Exactly what the title says. It's obvious.. they're use to retail investors not having the information we do or a place to communicate like reddit.. so now they're pulling every trick in the book whether it be illegal or not to keep their way of life going. + +I'll be honest yesterday was the first day since I've been involved that I actually contemplated selling.. not to spread fud or anything like that we are individuals with lives and mines been through the ringer these last 2 years because of everything I have being invested into gme. Literally my life's been on pause for 2 years and I'm starting to feel crazy my fiance and family absolutely think I'm crazy.. but I know I'm not the only one.. and in my experiences everytime I've given something up I find out the opportunity was right around the corner.. not this time. This time I hold. + +Keep making noise keep buying keep holding and keep DRSing!!! Love all apes!🦧🦧🦧🚀🚀🚀 + +P.S. Not financial advice I'm a retard who loves this stock + +**Damn didn't expect this much reaction I been cleaning my apartment all morning and boy do I feel better!!! I seriously love all of you. This community is the best out there it really is! We are going to change the world** +Still a little less than my goal of $100 a month / $1200 a year.. but was pretty close! + +Received 71 dividends in December 2020. + +Some of the larger amounts were from. + +\-- + +**FZILX** \- Fidelity ZERO International Index Fund - **$7.96** + +**JNJ** \- Johnson & Johnson - **$5.19** + +**FSAGX** \- Fidelity® Select Gold Portfolio - **$25.54** + +**VYM** \- Vanguard High Dividend Yield ETF - **$6.65** + +**IVV** \- iShares Core S&P 500 ETF - **$8.11** + +**PFE** \- Pfizer Inc. - **$20.16** + +**FDIVX** \- Fidelity® Diversified International Fund - **$10.84** + +**FBGRX** \- Fidelity® Blue Chip Growth Fund - **$58.59** + +**SPHD** \- Invesco S&P 500 High Div Low Volatility ETF - **$19.17** + +**ARKK** \- ARK Innovation ETF - **$16.53** + +\-- + +Looking forward to bigger gains and larger dividends in 2021! + +Happy New Year! +Even when you compare to other European countries like Ireland and Germany you can see that salaries in the UK are lagging behind and when you look at North America its a whole other ball game where $100k+ salaries are an achievable goal (seeing the total compensation packages people talk about over on /r/cscareerquestions makes me cry a little inside). + +What gives? Why are jobs in the UK so underpaid? It often feels like that the average wage has barely moved in the last 30 years. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +I am unable to quantify how withdrawing my profits will affect my compounding cycle. I have made some good profit in the market surge lately, and wondering if it would be a good idea to encash it. I have no immediate need for money and am investing for a period of 15-20 years. +Think about it. A publicly traded company with a multi billion dollar market cap, worth over a hundred dollars a share, has not given any forward guidance or announced a single catalyst in 12 months. + +Why? Because they don't fuckin need to that's why. Because the float is locked right the hell up, and advertising/communication is currently unnecessary as long as this ape investor situation remains stable. + +So the question now is, how long can/will they go before they HAVE to say/do something to satisfy investor confidence? + +Answer: Unless someone beats them to market, or theres a regulatory political hit job, its as long as we allow them, in order to debut their new marketplace or whatever they are cooking over there. They KNOW nobody is selling, and so they keep silent. + +It might take money to buy whiskey, but it also takes millions of ape investors to buy your share offerings and pay off your debt, leaving you with a boat load of cash. + +And your still not selling. The board trusts it's investors. + +GameStop really does have the best investors in the world. By HODLING, YOU have given GME the funds and the chance it needs to revolutionize the marketplace. + +Cohen isn't going to release a Cyberpunk mess, he's going to release a fully working, Zelda masterpiece. + +This is what your patience is buying you right now: + +A FINISHED, WORKING PRODUCT THAT WILL DELIGHT CUSTOMERS AND SHAREHOLDERS. + +You've given them the runway and the time they need. Let someone else rush a broken mess to market. + + I'll take the R.C special please. + +Edit: Just dawned on me, there's another stonk that shall not be named, whos CEO just can't shutup about all the nothing they're doing. hmmmm... thought for food +Anyone else surprised by stealth fat fire careers/lifestyles? Wife and I have been working tech at FAANG for more than a decade now and the compensation has been more than comfortable but that’s basically publicly known. + +Last week, we met up with an old friend of mine who entered the Air Force Academy (I had no idea this was even a college) when we were young. Well him and his wife just recently retired from the military in their 40s with a combined pension of ~100k w/ all the benefits and I know for a fact that they have retirement and property investments. Both just got hired and knowing the company’s pay structure they’re likely bringing in 300k + on top of their pension! + +I was shocked and had no idea this ‘other’ world existed. Maybe it’s just me since my immigrant parents drilled down finance, medicine etc as the path to fatfire. +I have recently turned 18 and have been gifted the opportunity to inherit a trust fund. The fund has over 6 figures in it, and I am lost with what to do with this money. + +I want to travel the world, because that is what I have always wanted to do since I was a little boy. I have seen travel hacking blogs and other tips and tricks on how to travel the world and how much it would realistically cost, and I do plan to work while I’m traveling. + +But I also want to be able to retire by 30. I don’t want to live a corporate desk job the rest of my life till I’m 65 and too old to do anything that I want to do. + +Where should I start in becoming financially free and being able to love and enjoy my life with the blessed circumstances that I have been given? I’m just looking for anyone who may have some better words of advice or any tips and tricks to help me enter the reality that is adulthood. + + +Robinhood has proved time and time again that they are nothing but weaselly little corporate shills who are to busy sucking off hedge fund managers so they can sell our information and make a quick buck off us I'll include multiple reasons why you should take all your money out of Robinhood and put it in other reputable brokerages like interactive brokers and Charles Schwab . + +1. Free Trades Are Now Commonplace + +Robinhood is no longer the only show in town. Since its arrival, several major brokers have followed suit and now also offer free trades. Today, you can get free trades with Webull, M1, Fidelity, Charles Schwab, E\*TRADE, Interactive Brokers, and many more. It means you need to question whether some of Robinhood's other major shortcomings are still acceptable. In practice, they are probably not. + +2. Major Downtime Problems + +When a broker is inaccessible on some of the most volatile days of the last 50 years you may get some small outages . But Robinhood has consistently had major outage that led people to lose millions of dollars . Not once. Not twice. Not three times but over five times. + +Worse still, all the outages occurred in the space of one week in early March during the most unpredictable days of the COVID19 crisis. It cost people millions of dollars in positions they could not close. And Robinhood's response? A "goodwill" payment of $75. It is now facing multiple lawsuits over the issue. + +Users can no longer maintain any reasonable faith in the service being available when they need it most. That alone is enough reason to switch broker. + +3. Delayed Stock Quotes + +If you read Robinhood's FAQs or independent reviews of the service, you will see that the app has real-time quotes. + +That's only half true. Yes, your orders will always be completed at the real-time price, but the charts and data you see on screen are often delayed. This will prevent you from getting in and out of trades in the most efficient manner. + +4. Terrible Crypto Product + +I understand the appeal of being able to do your stock trading and crypto trading in the same place. On paper, that's something that Robinhood offers; it launched its crypto trading service in 2018. + +But the crypto platform has some shocking drawbacks. The drawbacks are so severe that we'd strongly urge all users to look elsewhere for your crypto needs. + +* Coin withdrawals are not available. If you own Bitcoin, you cannot transfer it out of Robinhood to your own private wallet. +* Robinhood does not supply you with access to your wallet or your wallet address. +* You do not hold the private keys for your crypto assets. An oft-repeated (and accurate) piece of advice in the crypto world is that if you don't have the private keys, you do not own the coins. + +5. Payment for Order Flow, Selling Your Data and Poor Execution + +Given the free trades, how does Robinhood make money? Sure, there's Robinhood Gold, but the signup rate is nowhere near enough to warrant the $8 billion company valuation. + +The answer is via a practice called payment for order flow. It means that instead of searching for the best price for a given stock, Robinhood is instead selling your data to high-frequency trading (HFT) firms for massive profit. The HTF firms add the data to their algorithms to better understand the flow of retail money. It is they who are Robinhood's real customers. + +In reality, the no-fee movement may end up being described as a no-explicit-fee movement, as the payment for order flow revenues have grown at many of these firms. Not to rehash the whole argument, but investors trading at firms with higher PFOF are paying a hidden fee in terms of poorer execution on their trades. + +This means that they may pay a higher price when buying or get a lower price when selling than they would with another broker less focused on PFOF as a revenue generator. For regular investors making only a few trades a year, PFOF-related slippage may not be a huge burden, but it is a bigger issue for more active investors and traders. + +6.Robinhood Gold is a Scam + +Robinhood Gold is a subscription service that introduces a few extra features for $5 per month. + +* Margin investing. +* Access to professional research such as Morningstar reports. +* Level II market data. +* Larger instant deposits (rather than waiting for money to clear). + +Sounds reasonable. But here's the catch---any broker worth its salt will make all that stuff available for free on its respective platform. It really isn't worth $5 per month. Robinhood Gold just feels like a way to eke more cash out of inexperienced investors who think that by subscribing they will become better traders. + +7. Poor Customer Service + +Robinhood's customer support is notoriously bad. Users complain of waiting weeks for an answer in the app's Help section, lengthy queues to speak to someone on the phone, no responses to emails, and a general lack of urgency in responding to important issues. + +In ordinary circumstances, poor customer service might be forgivable in a free app. However, when large sums of money are involved, clients deserve better. Given the company's value, we're sure they could hire a few extra reps easily enough. + +TLDR: FUCK ROBINHOOD BUY GME ELSEWHERE 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 + +Sources: + +[https://www.investopedia.com/robinhood-pays-settlement-but-gamification-remains-a-concern-5093195](https://www.investopedia.com/robinhood-pays-settlement-but-gamification-remains-a-concern-5093195) + +[https://www.makeuseof.com/tag/shouldnt-invest-robinhood-app/](https://www.makeuseof.com/tag/shouldnt-invest-robinhood-app/) + +[https://katusaresearch.com/robinhood-trading-exposed-steal-from-the-poor-and-give-to-the-ultra-rich/](https://katusaresearch.com/robinhood-trading-exposed-steal-from-the-poor-and-give-to-the-ultra-rich/) +https://www.cnbc.com/2020/03/08/dow-futures-drop-700-points-as-all-out-oil-price-war-adds-to-coronavirus-stress.html + +Stock futures tumbled in overnight trading Sunday as investors continued to brace for the economic fallout from the spreading coronavirus, while a shocking all-out oil price war added to the anxiety. + +Futures on the Dow Jones Industrial Average plunged more than 900 points. The S&P 500 futures also indicated a 4% drop at the open on Monday. The sharp declines in the futures market pointed to more turbulence ahead after a roller-coaster week that saw the S&P 500 swing up or down more than 2.5% for four days straight. +Haven't done it because don't want the tax bill if assigned. Anyone else in a similar situation where you have a significant unrealized gain? Tempting to do but haven't, if anyone is doing this successfully love to hear how you play it +Close your eyes. It's Friday, the sun is peaking through the curtains and you're eating your Weetabix with no worries on your mind. You're content. + +You sold your GME shares at small loss at the start of the week as you continued to watch the share price plummet due to market manipulation. You got out, you survived. + +It's 9:28am, you're returning from the school run. Your BMW 1 series seats make you feel safe and important. Your house, although small, is affordable and the mortgage repayments don't put too much pressure on your paper wallet. + + +Your phone goes off as you enter the house. You sit on the sofa and turn on NBC as you open Whatsapp. You have 17 unread messages. + + +Your eyes pan up, the news anchor is shouting. You read the title at the bottom of the screen - 'The Short Squeeze Is Happening". Jim Cramer is crying. You quickly open your Whatsapp group chat and only see dollar signs being spammed by your friends. You open Yahoo Finance and see the share price at 600.87, it's still rising. Your heart skips a beat. You open I-phone calculator and work out that your 17 shares would now be worth just over 10,000 US dollars. You feel sick. + + +The share price is still rising. You receive a call from your best friend Mickey, he's crying too. He's telling you about how you were right and he'll be able to pay off his student loan soon. Also his wife is pregnant. You congratulate him with a fickle grin and fake laugh. You look back down at your phone, 828.16. 830.00, 838.26. + +WallStreetBets has crashed due to the traffic. + + +You realise everything you stood for is coming true, but you paper handed too soon. + +You ignored the threads, the experts. You ignored DeepFuckingValue. + +You ignored your god given right to a better life for you and your wifes boyfriend. + + +You try to buy back in, but you have no money. You begin to laugh, and laugh. Despair and anguish turn into humour. + + +You pull the Glock from your $16 AliExpress safe and load it. You hold it to your head, you shiver. + + +You don't pull the trigger. Your paper hands can't do it, and never will be able to do anything of any meaningful value. You drop the gun and admit defeat. + + +As the camera pans out of your window and over your neighborhood, we see Wall St burning in flames in the distance. The transfer of wealth begins, fade to black. + + + +EDIT: DON'T BE THAT GUY 💎💎💎💎💎💎 +🚨 HUGE NEWS 🚨 WE'RE OFFICIALLY CONFIRMED FOR BITMART LAUNCH APRIL 22-23!!! CHECK OUT OUR [BITMART FAQ HERE](https://docs.google.com/document/d/1-8hSGsgZJYun2cqQ0NEoSnBJyiazZu1iFsOsJ7jKflA/edit?usp=sharing), AND [BITMART CONFIRMATION HERE](https://twitter.com/foxfinancebsc/status/1384898473431126017)! + +Also check out our [new website and whitepaper](https://foxfinance.io)!!! + +**Bottom Line: Current Marketcap - $85m, launched March 16** + +A quick note about me: My name is Steve (@sion42x on TG and Reddit), 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! 💵: + +**NEW Website**: https://foxfinance.io + +**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 + +BITMART buying imminent!! + +**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! +I'm a student in college and I'm part of my school's student investing fund (worth about $20mm) and I have CIB internships this and next summer. I'm mentioning this to show where I am in terms of knowledge of the industry. The investing fund is very value focused and it's long-only equities. We own about 50 companies and have 40 students, so for each pitch we do (buy or sell) we have a DCF that we use with it. I've seen us model these companies and from hearing about the IB industry specifically I've learned the limitations and I'm starting to think the DCF's downsides are more than its benefits. I'd like to list them here. + +* Wayyyy to many assumptions. I mean, remember significant figures from science class? What if we did that with DCFs?! +* Those assumptions can change the valuation massively. Change the working capital as % of sales and you can go from strong sell to strong buy. +* People just guess on most of those assumptions. You can do tons of research and you'll still be forced to guess on about half of them. Even if you have a range/distribution and use something like Crystal Ball (what Damodaran uses) the final valuation will have an even larger distribution due to how distributions work in math and you'll probably just be guessing for those distributions too. +* The DCF seems scientific, or at least well grounded. This is the worst one because we have seen how the ibankers "massage the numbers" to get those PE firms to bite. If you work on a DCF long enough you can convince yourself that it is really giving you an accurate valuation. + +At this point, I'm thinking the DCF is not a good method to value a company, but it's kind of the best one we have. + +I personally like sticking to ratios and qualitative analysis because you can have fewer assumptions and can check how those line up with reality more easily. And you can review so many more companies at once, which is important because that way if you really are on average better than the market then you can use the law of large numbers to your advantage. + +I was wondering y'all's thoughts. +I'm really curious about how banking works for major companies. I'd imagine Google doesn't have a checking account that contains all of their cash. It seems like they would have lots of different bank accounts for different lines of business and subsidiaries. I also know that the FDIC limit for individual bank accounts is $250,000. Do they have private deposit insurance or something like that in place of FDIC insurance for their massive amounts of cash? Basically I have a general curiosity about how banking works for companies, so if someone has a good overview with a decent amount of detail, I'd be interested in hearing it. +I was just introduced to this company last week and love the idea of holding an AI investment in the digital/social space. I've done my own DD, but would love to hear others' takes on why they jumped in and what their short and long-term expectations are. +I read an article that says they are expected to go up another 7% in 2023. Interest rate hikes are supposed to be taming inflation, and it has worked in bringing gas prices down, but groceries are still sky-high. + +Is this all because of price gouging and greed, or is there actually that severe of a shortage of things? Will they just be going up at this rate forever from now on, leading to a point where 90% of Canadians go hungry, which causes civil unrest? Will there ever be stagnation or a drop? +The January "incident" was incredibly serious. Rather than getting off their asses and doing their jobs the SEC have given the hedgefunds THREE WHOLE MONTHS to try to defeat us. + +Lets recap some of the tools the hedgefunds have had at their disposal during these three months : + +&#x200B; + +1. Social media infiltration / Manipulation +2. Misinformation and lies in the broadcast media across the board +3. High frequency trading manipulation and fuckery +4. Resetting FTD time limits with even more fuckery +5. Naked Short selling + +They have been able to run wild for three months. Only now do I get the impression that the SEC know they have no choice but to step in. The SEC wouldn't have even put out a press statement if we had all sold up and gone home. + +The SEC is not your friend. +I see a lot of people hating on Paul Krugman currently especially regarding the way he expresses his opinion on his blog. People constantly want 90's Krugman back but I don't understand what Krugman is doing wrong right now. What's wrong with expressing your political beliefs and opinions in your blog? I see people on the right like Mankiw and John Cochrane and people on the left like Brad Delong doing the exact same thing, but I feel like they don't get as much pushback compared to Krugman. Is this just not true and I'm just seeing disdain for Krugman because I'm around the wrong people? Or is there something unique in which he presents his political opinions that make him worse than other economic bloggers? +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! + +So I just got a job as a security guard, but I thought I might go over my finances last week. I do a lot of gig economy work, but it'll be nice to have some stability. + +All numbers provided are the high end of the estimate + +Gas: $7 a day. + +Meals: $20 a day. + +Cell phone: $50 for the month. + +Insurance: $100 for the month. + +Addendum: I removed a driver and two cars from my insurance policy, this brought my premium to $847 for the 6 month period, and removed my payment requirements until August. It even allows me to go from $15,000 in coverage to $100,000 coverage at no additional cost. I also receive food stamps, but have been eating out a little more than usual. + +In total, I spent something like $200 last week. But I earned $500, as I dont allow myself to earn less than $100 on any day I do gig economy apps. + +Yes I realize its dangerous to live in my car, but until I can both locate and afford adequate housing, I dont have much choice in the matter. Denver isn't exactly known for a plethora of housing options available. + +Addendum 2: wWell this became a bit popular! Woke up to so many encouraging messages and requests for my YouTube channel. Unfortunately the mods of r/financial planning don't appear to allow youtube links, and I don't want to push my luck. But thank you all for your interest! + +I do in fact have a blog that I semi rarely upload too, no don't knownif it'll be that entertaining, but you are welcome to watch if you like. + +Has anyone thought that economic growth is bad? It just results in things becoming more expensive and life becomes harder with more work required to merely survive. Why build things that makes life harder and requires more effort? This is a smooth brain question for an actual economists though. The GDP went up, yet your living standards dropped. +I’m almost at $500, creeping up on $400 right now, I’ll hit that within the next month & $500 by next month. I know it isn’t much, but I started investing last March & went without a job most of 2020, once I finally got a job again I started investing more, after putting some aside for saving, of course. + +Edit: Thanks for the awards, & for the people saying stuff about savings, I have my savings in cash, my savings account is for my checks(example, if I have $137 in my account, $27 will go into savings) +Hi folks, + +I'm 26 years old, with a Master's degree in computer science, currently employed for an Italian start-up as Data Scientist for 42k/y gross (\~2.2k net monthly). + +I received an offer from an international company in Amsterdam for \~74k gross per year. I'll be eligible for the 30% tax ruling in the Netherlands. ([https://thetax.nl](https://thetax.nl/) says it should be \~4.5k net monthly). The company also offers a relocation bonus of \~5k and some other benefits like free transportation. + +Monetary wise I think it's a very competitive offer, but I would like to receive some external feedback before accepting. +"If you won't let me fully work-from-home, go ahead and fire me" +(said more diplomatically). + +How did that go? Looking for tips and things to watch out for. +The last two properties I’ve bought during Covid times the appraiser hasn’t even costed the property, yet I still pay full price for their service. How does this make sense? +I have been working at a decent job for the past 5 years, and I have been frugal all my life. Most of my money was sitting in a bank Savings Account, with some in Post Office FDs. + +My job kept me busy enough that I didn't focus on any money management, and was just saving up the extra money in the bank account.. I was of the mindset that I will be 'settled' if I just save enough money... After all, as kids, we have been told to save money by keeping it in a locker or piggy bank. Little did I know that inflation has been eating away at my money's value. Despite saving a considerate amount, the money became worth less by keeping it in a bank account. + +My friends and I would occasionally talk about getting into stock market investing, but we never took it seriously enough to learn it. But, when the work-from-home started, I had enough spare time to find a new hobby. And I started learning about investing. I'm still a newbie, but now I feel different than how I felt at the beginning of the year. Learning about investing made me realise that saving money isn't enough. We have to invest it. + +Before, the stock market was a mythical part of the world where people would lose lakhs of money overnight & go bankrupt. But, once a person understand the (long term) investment mentality of the stock market, it can change their world. And that's what it felt like, for me. In simple terms, the stock market is a place where we can buy a piece of a company. Plain and simple. If we think that a company will grow in the future, we can buy their stocks and hold onto them. If we think that the Indian economy as a whole will flourish, we can buy the broad market indices. + +Learning about the stock market made me think differently about spending and expenses. It removes the itch to spend money occasionally on unwanted things, because, that money would be better served if it's put in an index fund or a bluechip stock. The habit of investing gives me an excuse to save more money & cut down on expenditures. Without investing, we'd be tempted to spend money on depreciating assets & impulse purchases just because we have enough money saved in the bank account. Now that I know about investing, I feel like I NEED to cut down on unwanted expenses so that I can buy stocks with the extra money. + +*"Feeling like binging on pizzas or go out to have lavish meals every week ? I'd rather avoid it and buy Britannia stock with that money.. Feeling like buying new clothes, for no reason ? Nah I'd rather wear my existing clothes and put the money in the Nifty index"* .. Knowing that I can buy my favourite company's stocks (which would grow & appreciate in value) has created a good mental barrier that is helpful in filtering out all the unwanted expenses. Since I have been living at home for these past few months, I had no expenses. And I have been investing in a Nifty index fund. and I feel the urge to invest more & more. Even if we go back to 'normal', I want to live in a minimalistic way and invest 70%-80% of my monthly income. I feel like I'm addicted to buying the stocks of great companies and seeing them grow in the future. I don't have the interest (or the expertise) to day trade, so I'm hoping to buy more & more stocks that I want to hold *forever*. + +Do you have a healthy addiction for investing ? Has investing changed your life ? :) +I'm a cynical person to begin with, but I think even the most optimistic person would have to acknowledge that the reinstatement of student loan repayments are going to have a negative impact on the economy. I happen to think it will be catastrophic. + +Think about all those people who have outstanding student loan debts with generally shitty wages. Of course they'll be able to choose an income based repayment plan by the ever so merciful loan companies. Right? + +These pariahs absolutely froth at the mouth like rabid dogs when you choose this option. It's essentially indentured servitude. The interest on those loans will ensure you'll be paying it off for the rest of your life, most likely paying off double to triple the amount you borrowed for the original loan. + +You might ask why this would impact the economy since this was always the case, at least when college costs skyrocketed past the point of when boomers would often say "i pAiD OfF CoLlEgE By wOrKiNg aT ThE LoCaL DiNeR!" anyway. The answer to that question is COVID-19. Former students got used to not paying their student loans, and worse, they now have gotten so comfortable with their new spending habits that they won't be able to meet their minimum payments. But let's give everyone the benefit of the doubt. Say they can make the payments on time, or better yet, they pay a little extra to 'stick it to the man' and decrease their principle. What happens to consumer spending. I'll give you a hint: it's going to be non-existent or at the very least greatly impacted. When Jerome Powell and his monopoly money machine comes to an end within the next month or so, shit will hit the fan real soon. +I spent several hours this past week coaching traders at my prop firm. And something caught my attention… + +Every single one of these traders needed help with the same thing. + +It has to do with what I call the “reverse” gambler’s fallacy. And it’s something many traders struggle with. + +Today, I’ll show you how to get this common obstacle under control… and start earning more consistent returns year after year… + +**What Most New Traders Get Wrong** + +The obstacle I’m talking about is trading psychology. It’s a very broad term used to describe the emotional side of trading. + +Almost all new traders believe the most important part of trading is being able to analyze markets like a pro. + +On the surface, this logic makes sense. After all, if you can reliably forecast which direction to take on a trade, the money should take care of itself… right? + +What these novices don’t yet understand is that something special happens the moment you commit your money to a trade… + +You start *feeling* things. + +Whether it’s fear, excitement, anxiety, or a mix of all three, no one is immune to these emotions. And they can wreak havoc on even the best planned trades. + +You may be able to call the direction, the timing, and the target price to perfection… But it can all be for nothing if you are unable to stick to your trade plan. + +I can’t tell you how many times I’ve seen traders plan out a great trade… But then ended up somehow losing money, or not being in the market when the move they’d forecast played out. + +So how do you beat your emotions to become a better, more consistent trader? It comes down to the three key parts of trading. Let me explain… + +**The Three-Legged Stool of Trading** + +I think of trading as a three-legged stool. + +Your methodology/strategy for picking trades is the first leg. Your risk- and trade-management strategy is the second leg. And the third leg is your trading psychology. + +In my experience, most traders focus on the first leg (strategy and methodology), and they neglect the other two legs. But the stool needs all three legs to stand on its own. + +Over the years, I’ve honed my own proprietary method to develop well-rounded traders. Here’s what I’ve learned… + +The first fundamental building block of a profitable trader is to establish a proven strategy/methodology you can use to identify good trades. In my experience, everything follows from this foundation. + +How you manage your risk and your trades should be determined by the strategies you employ. Your trading psychology likewise will be influenced by your approach to risk and trade management. + +I’ve seen other trading instructors assign arbitrary percentage values to the three legs of the trading stool. Usually these values are divided up like this: 30% to the level of importance on the analytical strategy, 30% to risk and trade management, and 40% to trading psychology. + +But I don’t believe that any one leg is more important than the other. And yet I’ve found that, more often than not, traders neglect risk/trade management and psychology. + +So how do you stop neglecting these two important areas to become a more well-rounded trader? That’s where our reverse gambler’s fallacy comes in… + +&#x200B; + +**Time to Ditch the Casino Mentality** + +There is one block that seems to stop traders from progressing to working on the other two legs. + +That is, they don’t know how to flip the switch from thinking about their trades as individual trades in a vacuum… to thinking about them as a collection that relies on a statistical edge to net a profit. + +Most traders run into this problem at some point in their careers. And if you’re frustrated with your trading right now, chances are you may be struggling with this, too. + +It’s known as the casino mentality. And it’s the same mindset that amateur gamblers will take with them into Caesars Palace or the Bellagio. + +It doesn’t matter if they’re seated at the blackjack table or standing over the roulette wheel. Most gamblers believe that the hand or spin they are about to play is *the* opportunity to hit a winner. + +After all, if the roulette wheel has landed four black spins in a row, the next one surely must be red, right? + +In reality, the chances of the roulette ball landing on black or red is even, at about 47.4% each. This means each spin is independent of the last. + +This is also known as the gambler’s fallacy. What’s interesting is that I’ve observed a kind of reverse gambler’s fallacy from many traders… + +This occurs when a trader, who does in fact have a statistically proven strategy, goes on a losing streak… And then instead of continuing to trust their strategy, they abandon it altogether. + +**How to Avoid the “Reverse” Gambler’s Fallacy** + +I saw this logical fallacy in effect this past week during one of my coaching calls. + +The trader I was coaching had recently taken a technical setup that simply did not work. He was convinced he had done something wrong and wanted my help in improving his analysis. + +But his analysis was great. + +He didn’t do anything wrong in identifying the setup, which was textbook in nature. But the setup looked so good that, when it resulted in a loss, the trader was convinced that he was the problem… That he did something wrong. + +The lesson I imparted to him, which I now want to pass on to you, is this very simple truth… + +Nobody, and I mean nobody, ever takes a trade thinking it is going to be a loser. Every single trade you take will be because you thought it would make you money. + +Despite this feeling of confidence, out of 100 trades, you’d be lucky to win 50% of them. + +That’s why a great trader is not defined by what percentage of their trades end up as winners or losers. A great trader is defined by whether or not they are net profitable after taking 100 trades. + +If you win roughly as many trades as you lose, but your winners make you 2x or 3x the amount of money you give back on your losers, you will end up with a nice profit at the end of the year. + +Remember, nobody ever takes a trade thinking it is not going to work out. This is why it is absolutely crucial to abandon the idea of thinking about your trades as individual trades. + +Instead, start taking a more data-driven, statistical approach to your trading. What do I mean by that? + +Keeping a longer-term perspective on your trading is the key to longevity in this business. What your numbers look like over the next 100, 200, or 300 trades is far more relevant and important than losing your cool because you lost a handful of trades in a row. + +Of course, to be able to make it to 300 trades, you must have a rock-solid risk management plan in place. + +I don’t see gamblers at the casino take a professional approach very often. It’s rare to see someone bet small and stick to the odds on every play. It’s far more common for gamblers to be all over the place with the size of their bets. + +They may start off betting small, but after winning a couple of hands of blackjack, they get overconfident and take an outsized bet. Sure enough, on that next hand they go bust while the house just happens to hit blackjack. + +This is how casinos make money from gamblers. And it’s how the market parts amateur traders from their capital. + +No doubt, it takes a lot of hard work and discipline to make the transition from amateur to professional. But, I promise you, the rewards make it all worthwhile. Until next time. + +Regards, +This goes for both renters and landlords. Tenants can be evicted (by federal law), and foreclosures will resume for landlords. + +https://www.google.com/amp/s/www.businessinsider.com/trump-era-eviction-ban-foreclosure-moratorium-expiration-biden-renewal-2021-7%3Famp +The main focus throughout the bear market was the development of the Ethereum ecosystem. That is why the most popular dApps are all currently comfortably situated on the Ethereum main network. Yes, Ethereum's price dumped during the bear market as well, but the OGs in the space and all of the developers kept their eyes laser focused on the development happening within the Ethereum ecosystem. + +I personally believe there are several solid alternatives to Ethereum (Polygon, Avalanche, Solana), but unless such networks have built a bridge to Ethereum, they likely will not survive. That is why all of the chains I mentioned were forced to develop bridges to Ethereum because no developer in their right mind would leave the Ethereum ecosystem for a risky sidechain or other layer 1 network. I do not think Cardano will be any different, but this is just my opinion. + +Unless someone can tell me otherwise, I am not aware of any actively used dApp that has committed to migrating from other chains to Cardano. Unless you see the likes of Uniswap, Aave, Compound, MakerDAO, Synthetix, USDC, and Yearn talk about migrating to Cardano, there really isn't anything to talk about with regard to "Cardano killing Ethereum". Hint: they'll never migrate. + +I'm posting this because I'm getting sick of the manic Cardano threads where bagholders are desperately trying to get others to buy so the price goes higher and they can sell. Yes, they are scheduled to release smart contracts soon, but the biggest question remains, ***who is going to use their platform***? I have seen extraordinarily innovative developments being made on Ethereum, Polygon, Avalanche, Solana, and those did not happen overnight and it's hard to imagine people just packing up their bags and leaving to work on Cardano. + +To all of the people about to yell at me for making another "Cardano is overhyped post" I want you to take a good hard look at yourself in the mirror: have you ever actually *used* Ethereum? Polygon? Avalanche? Solana? Have you ever actually *used* a decentralized exchange, lending protocol, NFT marketplace/game, or provided liquidity to these networks? I have. I've done all of it. So do you really have the perspective to be arguing about "Ethereum killers" and how "great" Cardano will be when you don't even have experience with engaging and interacting with smart contracts? + +Where is all of your hype really coming from, the echo chambers on Twitter and Reddit? I'm asking because I fell for the same "academic scientific approach" marketing in 2017 and it's just the same cycle over and over again - Cardano is great at making money during bull markets, but not very good at delivering promised products, but I really hope I'm wrong this time. + +!remindme 8 months + +EDIT: Maybe some users in the comment section can look at one another and realize that there is not a single rebuttal to my points (removed technical because one user is right, I didn't really provide "technical" arguments). Every post is about price action. Will Cardano potentially make you some money this bull run? Sure, that is, if you aren't stuck holding bags while everyone sells the top. But please, let's stay on topic. Present some counterarguments related to the actual utility of the network. + +EDIT 2: People should be aware that there was very similar hype surrounding Cardano leading up to the Coinbase [listing date](https://blog.coinbase.com/cardano-ada-is-launching-on-coinbase-pro-694b1cb8c778?gi=2495f7011d1c) (March 16-18), and the hype pump peaked at 1.38 (ATH at the time) on March 17, dumped to 1.24 (-10%) by March 18, and continued to dump to 1.06 (-25%) by March 24. Sure, it kept going up, and we may see a similar "pump, dump, pump" related to the smart contract release, but the "pump" following the "dump" all depends on execution and whether people actually care to use Cardano's platform. + +EDIT 3: Thanks to a great comment by u/BornToBeHwild, I learned that Cardano is already developing and supporting an Ethereum bridge ([https://iohk.io/en/blog/posts/2021/05/17/bringing-erc20-to-cardano/](https://iohk.io/en/blog/posts/2021/05/17/bringing-erc20-to-cardano/)), which proves my point entirely - Cardano won't "kill everything in this space", they are already building measures to integrate with the existing ecosystem and adapt, so maybe it's time to stop saying it will end all of the progress that has already been made in decentralized finance and media and take over the world. + +EDIT 4: I realize that my post is very triggering and I will edit the language a bit to emphasize the points I'm trying to make and remove some of the more triggering elements. Sometimes you forget in all of the mania that people have money at stake and I by no means am trying to "FUD" Cardano. I have friends and family who own this coin and I actually like Charles as he introduced me to a lot of the concepts I learned about in this space through his videos and lectures. I hope Cardano succeeds. + +The point of my post was that people need to understand there already a ton of great, functioning products out there that all promised similar "Ethereum killing" capabilities that ultimately had to adapt and integrate with Ethereum in order to remain relevant and I do not think Cardano will be any different (see EDIT 3). Just trying to set expectations, especially for newcomers who are probably feeling FOMO for Cardano and are tempted to buy it while it's up x2 it's 2017 ATH and at the peak of its bull run. I'm not saying it won't go higher, but I do think the mania can be harmful for people who are just getting into the space now. + +EDIT 5: I want to bring attention to a [comment](https://www.reddit.com/r/CryptoCurrency/comments/p95p41/for_those_of_you_who_werent_here_during_the_bear/h9vgije?utm_source=share&utm_medium=web2x&context=3) in this thread made by u/Bwahehe, which is not getting enough upvotes and perfectly articulates the point I am getting across: + +>ETH is like Manhattan. Horribly crowded with insane traffic, but they're doing a ton of business. +> +>Cardano is like someone selling a potentially lucrative spot of land but absolutely no businesses are there yet. They promise that they'll finish the roads in a month or two but they'll be some damn amazing and scientifically proven roads. +> +>Most up and coming smart contract coins promise massive highways and roads but nobody knows if the roads and bridges are really safe to drive on and only hydrogen powered vehicles approved by them are allowed on the roads. + +EDIT 6: I'm trying to respond to everyone but this is exploding... Also, I keep getting accused of "missing" Cardano or "buying it high" or something. Guys, look at my username. [I'm all about The Graph](https://www.reddit.com/r/CryptoCurrency/comments/owryqy/why_the_graph_grt_also_known_as_the_google_of/) (GRT). + +EDIT 7: I've been reading more and being a bit more selective about commenting back since there are just too many to keep up with and every time I refresh there's 50 more, but I'm really happy to see that the comments have shifted from price to actual discussion. Great to see! This is what r/CryptoCurrency should be all about! I like ADA, I like Charles, I want it to succeed for reasons I mentioned above. + +This isn't meant to be a tribalistic war-igniting trigger post. I just think it's time to have real discussion on this sub and Cardano is the hottest topic because it is leading the bullrun in gains. Stop getting so bent out of shape, my post is not going to cause Cardano to dump, nor is it an attempt to provoke a dump. I think this is a great place for newcomers and old schoolers to join one another and discuss what they know. It's also a great opportunity for Cardano followers and supporters to counter my arguments and present their points and why they believe in the project - remember, I have not really kept up with Cardano since 2017, so I can totally be wrong about a lot of things and I accept that! The point is, this thread was a success because it reminded thousands of users here that we can still engage in high level discussions and not everything has to be about price and driving lambo rockets to the moon. + +Just want to thank a few posters for their great comments including u/orangeblack07 ([here](https://www.reddit.com/r/CryptoCurrency/comments/p95p41/for_those_of_you_who_werent_here_during_the_bear/h9vtoat?utm_source=share&utm_medium=web2x&context=3)), u/todayismycheatday ([here](https://www.reddit.com/r/CryptoCurrency/comments/p95p41/for_those_of_you_who_werent_here_during_the_bear/h9vsq6t/?context=3)), u/cali_dave ([here](https://www.reddit.com/r/CryptoCurrency/comments/p95p41/for_those_of_you_who_werent_here_during_the_bear/h9vogw9?utm_source=share&utm_medium=web2x&context=3)), u/OhIamNotADoctor ([here](https://www.reddit.com/r/CryptoCurrency/comments/p95p41/for_those_of_you_who_werent_here_during_the_bear/h9vnxer?utm_source=share&utm_medium=web2x&context=3)). There are so many great comments, but as you can imagine, my inbox is absolutely obliterated and I need to go to sleep lol, so give these guys the upvotes they deserve! + +EDIT 8: Last edit (I hope). Some great discussion ultimately ensued and I appreciate everyone who made thoughtful posts. I definitely don't appreciate the attacks on my character and assumptions about who I am as a person, but I guess that's part of making controversial posts like this. Had no idea it would blow up so much and did my best to answer as many comments as I can. I really hope everyone knows that I do like ADA, I do like Charles, and I hope Cardano succeeds (though I think I've already mentioned this in another of my 45 edits). I was just hoping to stimulate some actual discussion on a subreddit that is in dire need of it. Thanks for engaging me. Till next time! + +EDIT 14: Lots of great comments actually made me realize I don't know the first thing about what is going on with Cardano at this point in time, I'm not ashamed to admit it. There's a lot more going on than I thought there was! I listed some of the good comments that pointed me in the right direction above in EDIT 6. Maybe I'm wrong about Cardano, maybe the slow and steady wins the race philosophy will prevail! Who knows. I'm just glad that there were so many newly introduced perspectives in this thread hidden between the shill and anti-graph\_marine brigading. I'll be eagerly awaiting the launch of their smart contract platform and dApps so that I can dabble with them myself. + +Thanks again to everyone who provided quality discussion and also to anyone who gave me awards, you really didn't have to do that! + +tl;dr (for those who want one) - Cardano has taken a very long time to release a product while others have thrived. People only seem to talk about Cardano during bull markets when the price is going up and I want to have a discussion about how people can think it is the end-all-be-all smart contract platform when it still doesn't have a working product. Discussion ensues. Some posters create great counter arguments and provoke thoughtful discussion while others brigade me with hateful spam. +TL;DR: We're all outliers for working towards FIRE, stop gatekeeping FIRE because of another person's salary/life not being realistic/relevant/representative for the general population. + +> "First they came for the techbros, and I did not speak out because I was not a techbro..." + +All joking aside, we all know that there's been a lot of push back against the common techbro path to FI and milestone posts where people don't have college loans. + +But it's to the point where this is the top comment on a post right now: + +[“My story is common and pretty straightforward” Has half a million dollars at 27. Lmao this sub is such a joke]( +https://imgur.com/a/rFhxlct) in response to ["TLDR; Didn't pay for college. Good income for 4 years with <20k a year spend due to job perks and LCOL. Early investing and the recent bull market means I've pretty much doubled every dollar I've saved already."](https://old.reddit.com/r/financialindependence/comments/ovmbfo/494k_at_27_and_slowing_down_on_fi/) + +And where people have to put trigger warnings on their threads like ["Disclaimer/Warning – I made my money in the tech industry with a higher than average wage. I know this is not fair and this triggers some people, please move on if you are not interested in on progress of a high wage-earner executing FIRE."](https://old.reddit.com/r/financialindependence/comments/oq5zs3/one_year_later_check_in_graph_m_39_net_worth_26m/) + +A lot of criticism I've seen over the years is that these stories aren't realistic/relevant for the general population, incomes are unachievable/multiples higher than average incomes, that OPs had their college paid for... + +**But retiring early itself is not something the average person does in the first place.** FIRE isn't realistic/relevant for the average person. The average retirement date in the US is around 65 years old. A lot of users here are outliers just by our goals. So why criticize the validity of user's content due to their salary? Why gatekeep FIRE to only below X salary and X careers? + +Other people's successes don't diminish your own; the world isn't a zero sum game, their salary doesn't detract from yours. We're all just waging and saving for our own FIREs. + +Even /r/leanfire agrees: +["You can have any salary and work towards leanfire."](https://old.reddit.com/r/leanfire/comments/ov1p2o/why_are_all_these_new_posts_from_people_making/h76b6rw/) + +If you don't think a post is relevant or interesting, just ignore it. No need to post a comment to diminish another person's journey, even if you don't think it's an achievement. + +Disclaimer: I make $72k as a civil engineer. My FIRE journey is boring AF and will take a long ass time. I like reading other people's journeys as long as their charts are nice. +Hey guys! hopefully this helps some of you on here! + +I’d just like to say me & my partner earn just £35k~ together and we work at a supermarket so the wage isn’t great, but we still get by very comfortably. + +Food is one of the biggest expenses most people spend their money on. We used to spend £80+ per week on shopping which is £4160 per year. I’ve taken some time to seriously delve into this cost and work out how I can cut it as much as possible. + +The obvious one is pack lunches… don’t just live off meal deals or greggs. + +It’ll cost you £3.50 for a meal deal for one day or £17.50 a week PER PERSON. +You could, instead buy things for a pack lunch and it would only cost you roughly £7 for the week. (This includes fruit). I make 10 sandwiches for each of us at the start of the week so there’s no faffing around midweek. They keep perfectly fine in the fridge! + +Now for the big one… dinner. + +The key here is to find 10-15 meals that are relatively easy to cook & you both enjoy eating. I have a few recommendations to where you can find recipes but I’m not sure I’m allowed to share them on here… once you have found these meals. Make a meal plan for the week! + +I know some people can’t decide on what they want for dinner today let alone 5 days from now, but this is the key to saving on waste. If you know what you’re going to be eating in 5 days, you can buy it when you go shopping and check dates to make sure it doesn’t go off by then. +Once you have this down, your food waste will drop tenfold and therefore shopping bills will too! + +I do things a little differently however. I plan meals 2 weeks in advance. And go for a large two weekly shops where I spend £60-70 each time but I also use clubcard+ and get the extra 10% off this shop. Then every other week I do a small shop which only comes to £15-20~. +I buy all the expensive stuff on the two weekly one so I get a higher discount. Our food bill has dropped significantly from £80 a week to £40 a week just because we plan our meals and don’t buy meal deals. +Out of curiosity I searched through the highest r/Valueinvesting posts of all time and picked out 20 individual stock picks. I left out the mega corps like Apple, Amazon, Baba etc. since that's not the type of investing ideas I personally come to this subreddit for. I've then compared them to the S&P over the same time period. + +For the curious: [https://imgur.com/a/b04KwDo](https://imgur.com/a/b04KwDo) + +Since this sub has grown most of these are recent. I'll come back to this basket of 20 stocks down the line to see how we fare vs. the market. Currently the S&P leads r/ValueInvesting 7.2% vs. 5.1%. I didn't bother with including dividends but will in future. + +Reviewing the associated DD and then how it went, the general insight I take away is quantitative analysis (free cash flow, PE, PS, trading below intrinsic value, dividend yield etc.) is not enough. People mostly relying on those didn't do great. Every investment bank and hedge funds have thousands of genius data guys who can run these numbers in their sleep and arbitrage away the opportunity. + +My takeaway is to have a chance at beating the market you need to include significant qualitative elements: macro situation, moats, segment rotations, management quality etc. This should be a major factor in your investing decision. Wisdom vs. data crunching is where the alpha is. There must be a reason why the stock is incorrectly priced and why that one day will change. There's a lot of cheap small companies that stay cheap and small forever. +We are all investing. And most of us are buying ETFs from 2 companies, Vanguard and Blackrock (iShares ETFs). + +So they’re buying companies with our €€ to add more assets to the ETFs they’re managing. That gives them all the voting rights and they pretty much can do whatever they want in each company. + +They basically own all the companies by now. You can see that by going to any company and see who are the top shareholders. + +Just a thought, where are we headed.. +So I'm sick of the fees associated with working with my financial advisor who has not been beating the market so I have decided I want to break up with him and start self directing. + +I've been self directing on my own small portfolio for the last 6 months to get the hang of it and studying investing techniques like crazy. My larger portfolio with my advisor has almost 100 investments ranging from stocks/ETFs to high fee mutual funds, to crypto, to REITS etc. I won't be actively trading, I mainly want to deal with ETF indexes and want to simplify the portfolio. I am 47 and working with around $750k CAD, down about $100k since I started working with my advisor almost a year ago. I'm really nervous about managing this myself, but I'm convinced I need to jump in and start. + +I would love to get any advice on my current portfolio that I have been working with in my self directed account: I know my fixed income is almost non existent and I'm maybe way to heavy on equity for my age, but I am planning on increasing my bond allocation once equities go back up, as I am buying as many equities as I can while things are on sale to lower my already high averages. I will also fill my RRSP with SCHD and VOO (50/50) for the USD portfolio. I won't have a pension, so I'm looking to build a monthly income in around 5 years when I will start working less, and then in 10 or so years I will want around $60k in distributions a year, but for now am reinvesting all distributions. I also have a rental property worth $700k CAD (all paid) that I will sell in around 5 years. Thanks for any help! + +EDIT: I'm mainly looking for advice on my portfolio picks below, I'm convinced about leaving my advisor and though I appreciate everyone's advice about advisors and their roles, I mainly want to get on course with my self directed portfolio and DCA into it until I retire, and want it to be a balanced. Are there any flaws or major overlaps below that I should know about? Any recommended additions? + +EDIT: My advisor isn't down 12%, the numbers above are the combined amounts from my personal portfolio and my advisor's portfolio. My advisor's portfolio is down just under 18%. Both my personal portfolio and the S&P are doing quite a bit better than that. The important thing to remember is that I'm not leaving my advisor because of his performance, but I wanted to point out the numbers just as an FYI + +https://preview.redd.it/qbk9eys4m7t91.png?width=1030&format=png&auto=webp&s=ecac627d9854b312265d3bd38f4e5e8a97dd311f +He literally thinks he can turn 10 thousand into 10 lakh within 5 years with Day Trading and when I asked him about what he thinks are his chances of making it, he said he has about 15 - 20 percent chance of making it happen? + +I tried to dissuade him but he won’t listen and since I don’t know anything about day trading he doesn’t take me seriously at all. + +Dude has already lost more than 6k rupees with zero gain in sports betting even though I tried my best to stop him but he just won’t listen. + +Now he thinks he would make 10k with sports betting by starting with 100 rupees and from there on he would start his day trading journey and convert 10k into 10 lakh. + +I have a strong feeling that he wouldn’t make 10k with sports betting and would most likely end up borrowing 10k from his family, friends or girlfriend to get started with day trading. + +What do you think of his expectations and what are his actual chances of making it happen? + +Also what’s the worst that could happen to him if he goes down this route since he’s excessively greedy and doesn’t even think logically anymore in my opinion? +This sub is for advice on how to live thriftily when you're trapped in poverty. Great you made it out, but a lot of us are still trapped. I'm curious how many people posting wins were "in poverty" because of covid vs have been living in it for most of their life. I am gatekeeping, call me out, idc. Just because you had to use your credit card for a few months between high 5 figure salary jobs doesn't mean you were in poverty. +Despite the rally, cases have not peaked, Japan is getting worse, countries around the world are in lockdown and the worst hasn’t even come to many major economies yet, and it will eventually. + +This stimulus package is temporary and will result in more layoffs and Trump will have to lock large parts of the country after a few weeks. + +Cases will peak in April and that is when I expect the bottoming out. + +A slow fluctuating recovery will happen till June before a continuous rally till October when the cases start rising again. + +Another smaller but significant dip until a vaccine is found, which is likely to be in March next year. + +Remember that in 2008, when the decline was happening a massive rally happened, reversing fears, before it all went downhill much faster. + +We are at that page, markets show encouragement but that is to keep people’s morals up. + +We ain’t seen the worst yet. + +Goldman Sachs report is valid from a few weeks ago. I don’t believe the recent predictions of an improving market. + +Thoughts? +I had this exchange with my buyer's agent seeking a multi family. Some time later, I reflected on it with my friend and he said it happened to him with all three properties he has bought. Are realtors really going to mess with you like that? I was thinking next time I purchase, if my buyer's agent tells me this, I'm going to ask a friend to anonymously call the seller's realtor, perhaps expressing interest in the property, to confirm if any offers have come in yet. When and where I bought was not a hot market by any means. +If you are unfamiliar with my story feel free to check out my profile. The short of it is, I left my job to become a full time trader. My account is \~50k and I am essentially documenting this journey live. There is no safety net, this is very real. Let's see where it goes. + +# Key Statistics + +**Accuracy:** 54.22% + +**Long Accuracy:** 61.29% + +**Short Accuracy:** 50% + +**Net Profit:** 116.73 + +**Cash Account Balance:** $11,275.52 + +**Net Worth:** $53,578.92 + +**Positions:** + +50 SPCE @ 21.85 + +150 GIK @ 9.04 + +2313 ACTC @ 17.09 + +# Journal Entry + +This week was much, much better than last week. Still not great, I made a lot of mistakes that I already paid for and shouldn't have made them again. + +I tried a few different strategies this week and did a lot of 1 share trades to test new features, tools, etc. I mean even though I only made $116.73 this week that's way better than losing $1800 like I did last week. The best part is I was only trading 1 share at a time. The majority of profits came from a GIK swing that I played. The rest was from the 1 share trades. + +Right now my issue is 100% psychological. I still of course make mistakes and bad trades from time to time but overall I'm accurate enough to be seeing a real profit here, but I'm afraid to use anymore leverage. Week 3 I will be trading with 10 shares at a time and I'm going to just keep walking them up. + +One thing I really improved this week was not holding onto my losers. That saved me a lot of heart ache and this week I finally obeyed rule number 5 from [here](http://www.r-5.org/files/books/trading/schoolbooks/Douglas_E_Zalesky-The_25-point_Mantra-EN.pdf). "Your biggest loser can't exceed your biggest winner". + +A rule I still broke and need to work on is #4 - "Never turn a winner into a loser". This happened because I would break rules 1,2,6, and 7. I won't list them all out so if you're interested you could go look at the PDF. The point is though that even though I developed a winning strategy, I kept trying to change it and not stick with mine as much. Breaking those rules are ultimately what led to breaking rule #19 - "Hit singles, not homeruns". + +So, trades that were showing unrealized profit I would hold looking for more profit. It rarely worked out. Most of the time I would get stopped out or I took a bad entry for a longer hold. So while a large majority of my trades showed profit, I would close for a loss. + +I walked back through all of those trades (you could visit my daily updates) and took all of this into account. Had I taken the profits when I saw them I would be somewhere near 80% accuracy and my P/L would be much better. + +I am getting excited. + +As time passes, I am certainly getting better, not worse. I am finding myself more and more confident, but no longer cocky. I am very excited to see how this coming week goes. + +This week, while still proving to be a good week, was actually a pretty poor trading week. I had some of my worst days this week. + +The reason is because a lot of the longer term swing plays I'm doing were all kind of popping off this week with news circulating, so there was a lot of monitoring and looking for entry points instead of just day trading. That was kind of a theme this week. I didn't take the day trading very seriously because my focus was on the swing plays and news. + +**NOTE:** These statistics do not include mid term swing trades. They are only for my day trades. + +[Total Net Profit \(Use these columns as reference for the other images\)](https://preview.redd.it/v9ychld3tjv61.png?width=642&format=png&auto=webp&s=366b507411add836a40332d447c62552cce986d4) + +[All Long Short](https://preview.redd.it/bsbkzhr5tjv61.png?width=640&format=png&auto=webp&s=ae4ecf92fe89b38004fc7907d808076e8e61c621) + +[All Long Short](https://preview.redd.it/xziraij6tjv61.png?width=643&format=png&auto=webp&s=108002d2a746603546212ab2660d3676c07dbaa9) + +[Week 2 Summary](https://preview.redd.it/sfwzfpe7tjv61.png?width=642&format=png&auto=webp&s=4fff4eb2d3af2f7e425f2abf64ca6fbfe279de8c) + +# Trades + +[Monday](https://www.reddit.com/r/hoomansjourney/comments/muwzj2/w2d1_monday_04192021/) was a terrible start to the week. It really showcases a lot of the problems that I discuss in the above journal entry. + +[Tuesday](https://www.reddit.com/r/hoomansjourney/comments/mvqh01/w2d2_tuesday_04202021/) was way, way better. I actually traded off stream on this day because I wanted to see if the stream was at all part of the problem with me getting distracted. I think this trading session proved that it is quite distracting. This was a "great" (for me) trading day. + +[Wednesday](https://www.reddit.com/r/hoomansjourney/comments/mweyh9/w2d3_wednesday_04212021/) was actually a good day, even though it didn't end well. The biggest mistake that was made in this trading session was continuously attempting to short TSLA. No matter how many times I was wrong, I just kept trying. Aside from TSLA the rest of the day actually was ok. But TSLA really hurt. This trading session was my first session ever where I had less than 50% accuracy. + +[Thursday](https://www.reddit.com/r/hoomansjourney/comments/mz18g0/w2d4_thursday_04222021/) followed the same kind of issue. So much of my attention was on my longer plays that day trading just kind of fell off to the side. + +[Friday](https://www.reddit.com/r/hoomansjourney/comments/mz18ql/w2d5_hooman_was_on_vacation/) I didn't trade. I went on a much needed getaway with my lady and some friends from college. + +Overall, this was a much better trading week than the week prior, however, I still made a lot of mistakes that I think I could correct into this week. Honestly though, a lot of my issues were about not sticking to my strategy and focusing on the longer plays instead of the day trading. I think this week would have been even more excellent had I given it more attention. Again, this is why I'm so excited to trade this week. + +Thank you all so much for reading! I look forward to this upcoming week of trading and hearing all of your thoughts. Thanks for everything! + +[Trades 1-17](https://preview.redd.it/io681o69tjv61.png?width=1451&format=png&auto=webp&s=6c669175a47a6c863a5fc1a25c6f9943e05a3b7e) + +[Trades 18-34](https://preview.redd.it/z6ds2b4atjv61.png?width=1454&format=png&auto=webp&s=af6b8ba46ee531e54b26ed71e72b14f2d2919ad9) + +[Trades 35-51](https://preview.redd.it/1g6nte3btjv61.png?width=1453&format=png&auto=webp&s=df405194cff71bf5888a935e4b7b93fb63c088b0) + +[Trades 52-68](https://preview.redd.it/txpmmcbctjv61.png?width=1452&format=png&auto=webp&s=6fa4d85a656c14d1c80065927dc9fb4e5dd01111) + +[Trades 69-83](https://preview.redd.it/8184a9kftjv61.png?width=1448&format=png&auto=webp&s=0a38acc1fcebda4422946c72f050c4d5999d685c) + +&#x200B; + +*Disclaimer: I am not a financial advisor. I'm not even a smart investor. I'm a risky trader. Be very weary about mirror trading or assuming I am some sort of expert. I know what I know, and I am honest about what I don't know. You will get honesty and transparency from me and I feel you will learn from my successes or failures. I am hoping to learn something from all of you as well.* +**tldr: 30m is significantly better than 10m both in absolute access to things you get to buy and in overall lifestyle based on the quantity of 10m NW type decisions you can make. That said, its not worth significant sacrifice… but it is worth something and isn't worth being dismissed.** + +I was writing a response to the current top post in the sub asking whether 30m as a goal is too much. But it got too long winded so figured I'd open another discussion. I've noticed there is a trend on this sub to dog any goal that’s above 5-7m… I think about this a lot and wanted to share a different opinion. + +**30m is better than 10m…**. **By a lot.** I don’t know how to quantify it, maybe not 3 times better but I’d say roughly 20m better. Some people talk about how it’s not enough to buy a private jet… okay, but it’s, in life, the difference between getting to fly 1st class and flying private. + +Here’s some things you can do at 30m you can’t comfortably do at 10m + +* **Housing**. you can buy a $7-12m house in a vhcol city. For those that have legitimately shopped in a city like this, shopping with a $3m budget vs a $12m budget is… crazy different, like you’re playing different sports different. In NY it’s the difference between a brownstone (truly owning a piece of NY) vs. a condo. In some places its the difference between no compromise vs. significant compromise. +* **Giving**. you can make significant & standout social contributions to non profits or causes you care about. At 10m you’re one of the normal donors, maybe giving hundreds of thousands. That gets you praise and thanks in a newsletter, maybe some special access. At 30m you could consider giving millions which gets you simple buildings named after you… +* **Higher Education.** similar to above. It’s literally the difference between being able to legally buy your kids way into an elite university versus committing a felony and seeing jail time occasionally. This is pretty well documented. +* **Angel Investing**. you can be an actually angel investor that’s diversified enough and with enough cache for a probability of return vs being someone that does it for a hobby. It’s the difference between 25-100k checks or being able to write 250k-1m size checks. That’s very meaningful if you understand investing. +* **Alternative Investments.** it gives you access to a WHOLE different level of investments in general. You can start potentially being an LP at a legit hedge fund or VC firm that has significantly better returns than the market. +* **Leisure**. you can take truly unique vacations. At this level you get to charter a plane to fly somewhere, explore outside of established luxury hotels… in luxury. It’s the difference between staying in a four seasons vs. staying in a private villa with similar amenities. + +Even if you live the same lifestyle day-to-day at 30m vs 10m, having 20m sitting behind that is game changing. Let’s say you don’t make any decisions you *couldn’t* make as at 10m when you have 30m…. **The difference here is you can make 3x more of those decisions** (actually more but you get the point). You can fly private somewhere *and* rent a villa for the week. You can buy your kids way into a top university *and* buy them their first house. You can live in a world class city *and* give your kids a yard and top tier schooling. + +**At 30m you start to remove the need to compromise a bit more**. At 50m, you compromise even less. I think the difference between 10m-30m exists in both absolute terms (you literally can’t buy a $12m house under one budget) and compounding terms (you can do 2 expensive things at once). + +But to bring it back to where the sub generally sits and I agree, the question is opportunity cost. If you love your job and are making money. I’d shoot for whatever amount is healthy for you. Would I give up my health, family time, or psychological difference for 30m vs. 10m? Absolutely not. But I wouldn’t give it up for 5m vs 1m either. I just don’t think we should conflate the two (sacrifice vs. value). + +I love my job, I love my impact, I spend tons of time with my family, and I travel and enjoy life as much as I feel I need. I’m early-ish in my career and comfortably FI in the range this sub would qualify, but my plan is to give it another 10-20 years if I keep feeling this way and comfortably hit what I think is a true FatFire number which is 20-40m. For me personally, I think I can get there without significant sacrifice and I do want those things I listed (minus buying my kids way into college, they’ll earn it themselves). My plan would then push me into my 40's or 50's to be able to retire... so see it as a fully valid fatFIRE plan. The great thing is, I think $5m is plenty, so I only need to keep growing because I want to - I can revisit this on a quarterly or annual basis and change my mind whenever... That's the FI part. + +I love this sub despite some of the recent criticism and am excited for the discussion on this. I have a post I've wanted to make about my journey and current thinking, but this is part of that so I thought I’d share since it was on my mind. +Typically in my experience in Canada, these are the only two things that people think to invest in. I imagine there are a couple of reasons for this: a high barrier to entry to entrepreneurship/starting a business, the fact that RE has seen better than market returns for decades. the fact that there is no minimum required investment for securities. Myself I can't think of any other place to put my money in Canada. + +So my question is: what else are you investing in that isn't stocks or real estate? + With the market showing signs of life again, it’s been hard not to keep thinking about the potential of $HAPPY. + +HappyCoin just donated $50,000 to the American Foundation for Suicide Prevention, a huge nationally recognized partner that should be HUGE as we continue to enter mass adoption. + +Think about this. If DOGE is forever pumping, and charity tokens are for real, then where do you think **HappyCoin will be as the main charity token related to supporting mental health?** + +This is a once in a lifetime chance to jump on with something with real 100x potential. Pumping now to $50M as it **JUST got listed on CMC**, you are still so early to an opportunity that could truly explode. + +Don’t just think 10x to where Bonfire, a team without nearly as much organization as HappyCoin, is right now. Think even bigger than that. **This can get there.** + +It’s only been a month and $HAPPY is currently blasting past ATH again and **heading to nine figure**s. + +Just think about where it will be in a year. Hell, even just another month, with the doxxed lead dev not only in LA making big influencer connections right now, but still running this weekly donation livestream. + +With the marketing campaign sure to ensue after a call that big, expect things to swell in the HappyCoin community. It gets more and more bullish by the day and as we rise up from this dip, the **next leg looks primed and ready to come.** + +Seriously, this is about to be an exciting week and an even more exciting summer as mass adoption crawls closer and closer. With 55k holders, 100k is really right around the corner as this exponentially grows faster and faster. + +So jump on before it’s too late and you’re sad wishing you had more $HAPPY. If you want to get in on **the next ElonGate ($300M)** you’re going need to invest if you want your success to truly start now. + +❤️ [Website](https://www.thehappycoin.co/) +UBI imho is the future it cuts out the 'administrative costs' it gives everyone regardless of your income/race/age a basic amount of money to live off. + +&#x200B; + +It stops any disincentive to work like the current unemployment benefits does - helping labour shortage + +&#x200B; + +It would allow older Australians to down size without 'fear' of losing there pension as all are eligible - helps housing crisis + +&#x200B; + +It would help get rid of poverty in our society - humanly good + +&#x200B; + +It would help those studying, completing unpaid work, training etc keep on the path till they have there career path skill set - helps skills shortage + +&#x200B; + +&#x200B; + +I dont really see a down side - AS LONG as it is a UBI for all Australians and we all benefit i support it and personally think it is a No Brainer? Pick a basic but liveable amount and increase it by CPI annually and give it to all Australians over the age of 18 or maybe even 16. - Close Centerlink forever. + +&#x200B; + +I think our current system doesnt work certain people rip off the system, certain people get more then others, certain benefits are accessible to one but not the other. + +&#x200B; + +Anyone have any thoughts? +I’ve read people saying that they are struggling to make ends meet due to electricity, gas and inflation making everything go up in prices. You’d think with this, some people are going to lose their homes as they won’t be able to pay their mortgages and other bills. + +However, this seems to be getting contradicted by the fact that people are buying houses for more than the asking prices and most houses are getting snapped as soon as they hit the market. + +Or is this another 08 situation where everyone was buying houses they couldn’t afford only for the bubble to post shortly after? +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 Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Four years ago, I posted [this](https://www.reddit.com/r/financialindependence/comments/753klg/young_apple_engineer_has_most_of_his_net_worth_in/), asking if it was ok to be fully concentrated in my employer's (Apple) stock. + +Two years ago, I posted [this](https://www.reddit.com/r/fatFIRE/comments/dtrddz/young_apple_engineer_has_most_of_his_net_worth_in/), with a higher NW but asking the same question. + +The vast majority of the commenters told me to diversify away from Apple, however, I held the course and never sold my stock. + +With my 6700 shares of Apple, along with my $100K in other equities and $250K in my diversified 401(k), I have now reached $1.58M in net worth. It seemed like just a number for me, but I realized that at the 3% rule, I could pay my $4K rent forever. (Yes, the rent is high, but I live by myself in a 2BR apartment in San Francisco.) + +If I had sold when I got my stock, my guess is that my NW would be between $600K-$800K, still a very high number, but it would require another 5-6 years of work to get to where I am today. I'm 29 and I have been working at Apple since I was 22. + +It is very relieving knowing that something could happen to me and I would be able to live in my apartment for the rest of my life. Obviously, I want to go bigger and better over time, but I think I picked the right strategy. + +The reason I made this post is because I wanted to start a conversation in pursuing non-orthodox FIRE strategies. Obviously, for most companies, you should sell your equities when you get them. But if you are truly willing to do the research required to understand your company, the stock market, and your company's moat, and you know that your company will grow and be successful. I think "putting all of your eggs in one basket and watching it like a hawk" is a reasonable strategy, given that you have a diversified 401K so you aren't destitute in the worst case scenario. + +I am definitely not gonna sell any shares, and I plan on staying at Apple for at least another 5-6 years. Ideally, I will get to the point where my dividends cover my living expenses, then I may look at retiring or pursuing other opportunities, but I am at least 10 years away from that. +I’m thinking about carrying cash in my wallet, about $100-$200. For some daily use or when I’m out with a group of people & need cash for whatever reason. What’s the best breakdown to carry $100 rather than a wallet w/ just a $100 bill or a bunch of 20’s? +I often see the space race held up as being worth many times more than was spent in terms of innovation. But is this true? If that money had been left in the private sector, what would have happened? + +Would different innovations have happened? Would some of the same discoveries have taken place? Would that money have been spent on consumption rather than invested into development? + +In what ways are we better or worse off overall because of government expenditures during the space race or, more broadly, during the cold war as a whole? +About a century ago, it was among the top 10 richest countries in the world, today it's just another South American country that seems to be stuck in a middle income trap. Obviously the answer is complicated and has a lot to do with the policies of successive governments, but I'm thinking of it in apolitical terms, by comparing them to some countries that moved in the opposite direction. + +Could it be that a good climate, lots of mineral deposits and a sparsely-populated landmass is actually a curse instead of a blessing for the people of a country in the long run? Some other examples of this is probably the rest of South America, Southern Europe, parts of the Middle East and mineral-rich African countries. There are however some exceptions like USA, Australia and France. + +Conversely, countries with a bad climate, very little arable land and mineral deposits and a dense population seem to develop a culture that prioritizes labor productivity, because human resource is all they have; and because of that, they experience a lot more progress in income and quality of life. I look at Northern Europe, particularly Germany, and East Asian countries as examples for this. + +Does that theory hold any water? +As I understand it free movement of labor is a key part of an economy. It is one of several mechanism that can move wages up or down, and can make economies more efficient. Did the EU see growth in it's economy as a result of them opening their boarders and allowing labor to move freely? +18th March 2020 + +Last few weeks have seen massive wealth destruction worldwide. Equity markets have corrected around 30% in India too, though the correction is even more severe in US and Europe. + +Your investment portfolio has also taken a hit and you must be worried about the current scenario and thinking what to do. It must be very painful to see such erosion in value of investments. + +As your financial planner, we are also much in pain when we see the portfolio getting hit by such falls. It all happened so fast around the globe due to Corona Virus scare that there was little time to take any suitable measures to protect the fall in value. At this stage, changing the asset class from equity to debt doesn't seem to be a good choice. + +Events like these are black swan events which happen once or twice a decade. History suggests that things eventually improve after such events. We urge you to sit tight on your investments. We strongly suggest to continue your SIPs as they are helping you buy at lower levels. Pls do know that buying cheap is the essence of getting higher returns and so we would also suggest you to consider buying lumpsum in 2-3 tranches if markets go down further. We know it is not easy. If you would like to give it a pass, we would understand. + +We are keeping a close eye on the developments and will reach out to you if any action is required. These are extraordinary circumstances and pls know that I am on your side, always. I have personally seen such situations earlier in the past in my over 17 years of MF investing. When I look at hindsight, the best decision I made was continuing my SIPs and actually increasing more investment way back in 2008 during the financial crisis. It was not easy to do something different from others, but that's what is needed when it is a Sale in the markets. We will together come out of this situation and see good days for the portfolio in the near future. + +Please feel free to reach out to me in case of any questions. + +Regards, +XXX +* Edit: Added inforation on action on FT AMC as such +* SEBI finds that 5 non-credit risk funds were being run as credit-risk fund +* It also finds incorrect calculation of Duration +* FT barred from new debt schemes for 2 years +* They have to reimburse the fund management fees for 2 years (from the date of the categorization order in 2018) - and this figure is >500 cr (I am not sure if I read it wrong) +* A fine of 5 crores has been imposed +* [https://www.sebi.gov.in/enforcement/orders/jun-2021/in-the-matter-of-inspection-of-six-debt-schemes-of-franklin-templeton-mutual-fund\_50442.html](https://www.sebi.gov.in/enforcement/orders/jun-2021/in-the-matter-of-inspection-of-six-debt-schemes-of-franklin-templeton-mutual-fund_50442.html) +* Below are initial points on the directors +* One of the Directors - Vivek Kudra - had multiple redemptions +* They (including his wife and mother) have been fined +* They have to deposit 32 cr in escrow account +* He and wife have been fined 4c and 3cr, and barred from secrurites market for 2 years +* I have not read the full report - there is wrongdoing (I don't know yet if fraud has been proven) + +[https://www.sebi.gov.in/enforcement/orders/jun-2021/order-in-respect-of-shri-vivek-kudva-smt-roopa-kudva-and-smt-vasanthi-kudva-in-the-matter-of-franklin-templeton-mutual-fund\_50446.html](https://www.sebi.gov.in/enforcement/orders/jun-2021/order-in-respect-of-shri-vivek-kudva-smt-roopa-kudva-and-smt-vasanthi-kudva-in-the-matter-of-franklin-templeton-mutual-fund_50446.html) +&#x200B; + +[Credit: u\/PlasmaTune](https://preview.redd.it/2d3rvrkrl9a91.png?width=551&format=png&auto=webp&s=8ad6d9e764c06fde71bf9a9a3fe34a9c20764656) + +# The long awaited 4:1 GME Stock Split (in the form of a dividend!) has been announced! + +We are pinning this thread for easy access to information as people come to the sub to find out what’s happening. Special thank you to u/platinumsparkles for all the help putting this together! + +Looking for the DRS / Computershare megathread? [Check it out here!](https://www.reddit.com/r/Superstonk/comments/vp01of/drscomputershare_megathread_072022/) + +&#x200B; + +Let's start with a TLDR, *straight from* ***GameStop***: + +**On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022.** + +[GameStop Announces Four-for-One Stock Split | Gamestop Corp. (gcs-web.com)](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-announces-four-one-stock-split) + +**Official SEC Links:** + +[8-K Official Filing](https://www.sec.gov/ix?doc=/Archives/edgar/data/1326380/000132638022000100/gme-20220706.htm) + +[Official Press Release](https://www.sec.gov/Archives/edgar/data/1326380/000132638022000100/a991-stocksplitannouncement.htm) + +&#x200B; + +[Credit: u\/dckdstryr](https://preview.redd.it/lrwojgiul9a91.png?width=747&format=png&auto=webp&s=a17f1060bf3000b43c5d201bd28b0673b979f344) + +# FAQ | Let’s clear up some questions! + +&#x200B; + +**What’s the difference between a stock split and a stock dividend?** + +A stock dividend means dividend which is paid in the form of additional shares whereas stock split is a division of issued shares in the ratio as decided by the Company. In the Stock dividend, additional shares are given to shareholders whereas in stock split, already issued shares are split in an agreed ratio. No additional shares are allotted. + +In fact, the dividend aspect of the split only affects the company's accounting -- basically how much it keeps in its retained earnings account -- and not much else. By declaring it a stock dividend, GameStop's cash balances won't be affected by it as they would be with a cash dividend. + +&#x200B; + +https://preview.redd.it/9ccxaqixl9a91.jpg?width=955&format=pjpg&auto=webp&s=e75d76f0412951206aa7ec77836d4a47fe7c3f01 + +Sources: + +[https://www.educba.com/stock-dividend-vs-stock-split/](https://www.educba.com/stock-dividend-vs-stock-split/) + +[https://www.principlesofaccounting.com/chapter-14/splits-and-dividends/](https://www.principlesofaccounting.com/chapter-14/splits-and-dividends/) + +&#x200B; + +**What does this all mean?** + +Gamestop has announced they will be doing a stock dividend. After the dividend, there will be four shares for every one pre-dividend share. (So it is called a “4-for-1 split.”) In other words, if you have one share, you will get 3 additional ones. + +&#x200B; + +[1 share will now equal 4 shares](https://preview.redd.it/9bikz1y1m9a91.png?width=946&format=png&auto=webp&s=e5fb54b62f361d57a9a371935ac406ae3e5a9f96) + +**What will happen to the share price?** + +If the stock was at $135 per share, after the split, each share will be $33.75, because the company’s net assets didn’t increase, only the number of outstanding shares. + +If you own $1,000 worth of GME on the 21st you will still own $1,000 worth of GME on the 22nd. + +https://preview.redd.it/ib7woqm6m9a91.png?width=791&format=png&auto=webp&s=2bfc573a2d5cc1415c4e379a45c7d19d75b5d670 + +[Credit: u\/jmastajay](https://preview.redd.it/igbc3w0am9a91.png?width=577&format=png&auto=webp&s=377de75c27c330f51b31eb2d975b48db59c3389f) + +**What do you have to do?** + +Nothing! You can BUY & HODL, DRS, the usual. When a stock split or stock dividend occurs, your account will receive the additional shares on the ex-dividend date. The cost basis and gain/loss information for the shares will be updated on the evening of the ex-dividend date. No action is required for shareholders to receive shares as part of the event. + +&#x200B; + +**When do I need to buy to receive the dividend? (Brokers)** + +You can buy stock any time. Stock dividends work differently than cash dividends. For stock dividends, the record date doesn’t really matter. + +The ex-date or ex-dividend date is the trading date on (and after) which the dividend is not owed to a new buyer of the stock. + +July 21st is the date on which GME will actually distribute the three additional shares in its stock dividend. That happens officially after the stock market closes, so any trades that occur earlier that day are still governed by the pre-split stock price. + +Ex-Dividend Date is July 22nd. + +*"Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends.* ***The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).*** + +***If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares.*** *Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid."* + +Source: [Ex-Dividend Dates: When Are You Entitled to Stock and Cash Dividends | Investor.gov](https://www.investor.gov/introduction-investing/investing-basics/glossary/ex-dividend-dates-when-are-you-entitled-stock-and) + +You can buy any time because the exchanges have splits covered – there is absolutely no danger of an investor missing out on the split shares, no matter when he or she buys shares that will split. + +This explains the Tesla split really well: + +Regarding the Tesla split (dates are referring to Tesla's split): *" However, stock dividends often have different rules. Here, the ex-dividend date is one business day after the dividend actually gets paid. Therefore, the record date doesn't really matter. If you buy stock on or before Aug. 28, then you're also buying the right to receive the extra stock in the split. If you sell before that date, you're selling away those rights as well."* + +[Tesla's Stock Split: Here's What It'll Look Like When It Happens](https://www.fool.com/investing/2020/08/26/teslas-stock-split-heres-what-itll-look-like/) + +**Disclaimer:** It is possible that due to broker back-office mechanics, shares purchased after 7/18 with a 'due bill' for the additional shares may not appear by 7/22, however anyone purchasing from 7/18-7/21 is still entitled to the dividend of additional shares. + +&#x200B; + +**When do I need to buy to receive the dividend? (Computershare)** + +If you have an existing account, you are already on record. If you are buying directly from Computershare, the last day you could buy to receive the dividend of the additional shares would be 7/18 for the buy to execute by 7/21. It takes 3 days after initiating your buy order for your cash to settle before they can execute the buy order. + +&#x200B; + +**What about transfers?** + +This will vary by brokerage, and you should contact your individual brokerage to find out. + +Fidelity Agents have stated you can transfer shares until the 18th, and then again on the 22nd. + +If you have shares in transit on the way to Computershare, if Computershare receives them by the 21st, the dividend shares will show up in Computershare. Otherwise, the shares will show up in your old broker since that's where you'd still be on record as owning shares. Your broker is then required to transfer to your new account within 10 business days of receiving the dividend. + +&#x200B; + +**What about the shorts?** + +The same math works for them. If someone spends $1,000 shorting GME they will still be short $1,000 worth of GME on market open. + +While shorts would be required to pay a cash dividend, a stock dividend works pretty much the same for all investors regardless of whether you're short or long. + +Basically, they will not be required to purchase anything unless they need to close due to other circumstances, such as the price going up too fast, cost to borrow being too expensive, margin calls etc. + +&#x200B; + +**Let's check in with the shorts (that we know of):** + +&#x200B; + +https://preview.redd.it/u3rxwoedm9a91.png?width=856&format=png&auto=webp&s=27304100094379a9fa88fd0bbeb88e7db8fc69e8 + +[Fintel: Shares Available](https://preview.redd.it/2i7vhx5hm9a91.png?width=717&format=png&auto=webp&s=6654718078830ccf0f0dc12319d3daa24ef643df) + +[Fintel: Cost to Borrow](https://preview.redd.it/jvfbh87km9a91.png?width=713&format=png&auto=webp&s=1fb2c96a830cd70eb1eb6c2d7085094b95a5035e) + +[Since 5\/24\/22, Fidelity has had 0 shares available](https://preview.redd.it/e7q6hpinm9a91.png?width=494&format=png&auto=webp&s=a4d7788231556f8db41ff7ab32316639ef3f0616) + +[Record Breaking Short Utilization](https://preview.redd.it/ae1owo7qm9a91.png?width=680&format=png&auto=webp&s=20383c2c020d7dc6c27029b7359f660417545f0d) + +&#x200B; + +**Is this game over for the shorts?** + +First, **let’s elaborate on the points above and clear up some misinformation** that’s been spreading. + +The information below **ONLY applies to** **CASH** **dividends:** + +*Investors short a stock are never entitled to its dividends, and that includes those short a stock on its dividend record date. Rather, short sellers owe any declared dividend payments to the shares' lenders.* + +Shorts **do not owe** declared dividend payments to the shares’ lenders for dividend stock splits. Payment refers to cash dividends. + +&#x200B; + +**What about the shares on loan?** + +Shares can be recalled by lenders at any time for any reason, but they can continue borrowing as long as lenders are lending. + +Cash dividends get paid by the borrower to the lender on the dividend payment date. + +Source to rules: [National Securities Clearing Corporation - Rules & Procedures](https://www.dtcc.com/-/media/Files/Downloads/legal/rules/nscc_rules.pdf) (Pg 109 begins with The CNS System - Pg 112, Section 8(b) explains the process with stock dividends) + +Non-cash distributions like a stock dividend just get added to the loan balance and are not immediately paid to the lender. The borrower only has to return the additional shares when they close out the loan, either when the lender recalls the loan or the short seller closes their position. + +Source: Standard Lending Agreement + +Copy of the MSLA: [https://www.sifma.org/wp-content/uploads/2017/06/MSLA\_Master-Securities-Loan-Agreement-2017-Version.pdf](https://www.sifma.org/wp-content/uploads/2017/06/MSLA_Master-Securities-Loan-Agreement-2017-Version.pdf) (Per paragraph 8.2, cash and non-cash dividends are handled differently.) + +&#x200B; + +**Back to how this hurts the shorts:** + +***"Not accepting that stock splits add value is a recipe for losing money."*** Historically, stock splits have impacted shareholder sentiment and have fostered short-term rallies. This has been seen with several tech giants, including Tesla, Amazon, NVIDIA, and Apple. + +**In the specific case of GameStop, the stock split should be a potential short-term catalyst for increased buying volume. In turn, this will pressure short sellers to cover their margins.** + +Source: [GameStop Stock: What You Need to Know About the 4-for-1 Split](https://www.thestreet.com/memestocks/gme/gamestop-stock-what-you-need-to-know-about-the-4-for-1-split) + +&#x200B; + +&#x200B; + +**More reasons why this is good for GME holders:** + +Stock splits can improve trading liquidity and make the stock seem more affordable. + +In a stock split the number of outstanding shares increases and the price per share decreases proportionally, while the market capitalization and the value of the company do not change. + +Here’s an example of how Apple shareholders benefited when this was done in 2020: + +&#x200B; + +[March 30th, 2022](https://preview.redd.it/d70i4ka2n9a91.png?width=926&format=png&auto=webp&s=c0e44ea084c76081c679c5f76b5e816c838793d8) + +&#x200B; + +**Has this been done before?** + +Another recent example of what happens with a stock split dividend is Tesla, back when 10% short interest was *high*. + +&#x200B; + +https://preview.redd.it/nxaha7hym9a91.png?width=775&format=png&auto=webp&s=99a0e97918a9093c52ae77874cd3f9414a6b3d76 + +The above picture depicts Tesla’s post-split performance. As is evident, the stock clocked in gains of over 300 percent between the announcement of a stock split and the receipt of additional shares, with the stock rising from $350 to $2,210. After undergoing this 5-to-1 split, the stock price was adjusted to $442. However, Tesla shares maintained their upward trajectory even after the consummation of this move, with the stock recording an all-time high of $1,243.49 in November 2021, equating to $6,217 in pre-stock split price terms. This entire journey consists of gains of 1,776.11 percent. + +&#x200B; + +Credit to u/Cataclysmic98 for their post going through this: + +[A comparative look at Tesla's stock split. Spoiler Alert - This Could Be HUGE!](https://www.reddit.com/r/Superstonk/comments/vt5q45/gamestop_has_announced_a_41_stock_split_in_the/) + +&#x200B; + +**What are the tax implications?** + +A customer who acquires additional shares through a stock dividend or split reduces the per-share cost basis and defers taxation until the stock is sold. Unless the stock is sold, you would not report the stock dividend on your tax return. + +Source: [https://www.irs.gov/pub/irs-pdf/p550.pdf](https://www.irs.gov/pub/irs-pdf/p550.pdf) (page 21) + +&#x200B; + +**What happens to the DRSbot share count?** + +**TLDR:** u/Roid_Rage_Smurf has a plan. Check out his post with the details here: + +[**DRSBOT splividivisplividend and stuff...** ](https://www.reddit.com/r/Superstonk/comments/vtonvj/drsbot_splividivisplividend_and_stuff/) + +&#x200B; + +**What’s going on with Fidelity not allowing DRS?** + +There were reported issues of Fidelity no longer allowing transfers to Computershare until after the split. This was a temporary issue and is now resolved. You are still able to transfer from Fidelity to Computershare until 7/18. If you are told you cannot do this before 7/18, **ask to speak to a corporate compliance officer.** + +&#x200B; + +**Do I need to adjust any settings with my broker to receive the dividend?** + +This only applies if the dividends are cash. If the dividends were cash, you could choose cash equivalent or you can choose to reinvest in the stock - meaning when the cash came, it would default to purchasing. Since this dividend is in the form of additional shares, you will receive those additional shares regardless of settings. + +&#x200B; + +**Will DRS shares have priority to receive the dividend first?** + +Potentially, since Computershare is the transfer agent responsible for distributing the stock dividends. However, when this will be reflected in accounts is still to be determined, so we can't say 'yes' for sure. + +Different brokerage companies have their own procedures for handling their accounting records for stock splits. Even though the additional shares are to be distributed after market close on 7/21, you may not see them reflected in your account then. It is reasonable to expect that by 7/22, your account will be credited with the correct number of post-split shares. + +&#x200B; + +**Do fractional shares receive dividends?** + +Potentially, this is up to the issuer. + +Sources: + +[Do Fractional Shares Pay Dividends?](https://thepoorinvestor.eu/fractional-shares-dividends/) + +[How Do Fractional Shares Work?](https://www.nasdaq.com/articles/how-do-fractional-shares-work-2020-09-09) + +&#x200B; + +# MORE HYPE! + +&#x200B; + +**Marketplace is launching any day now!** + +&#x200B; + +[Credit: u\/Peter\_Rodrigues1986](https://preview.redd.it/jhawsbe8n9a91.png?width=867&format=png&auto=webp&s=b765176c6181d80384b95d463ab7a41e508f1c20) + +&#x200B; + +**Catch up here!** + +[GameStop NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) (Credit to u/bah2o) + +&#x200B; + +**How could the stock dividend tie to the marketplace launch?** + +Check out this speculation post from u/knutolee + +[GameStop timed the 4-to-1 stock dividend perfectly with the launch of the NFT marketplace to deliver a reason for the imminent stock jump](https://www.reddit.com/r/Superstonk/comments/vtatsr/gamestop_timed_the_4to1_stock_dividend_perfectly/) + +&#x200B; + +# What Happens Next? + +**All of the information provided within this post is based on fair market conditions. It's difficult to know what will happen if there are not enough additional shares to provide to shareholders due to there being more shares circulating than actually exist.** + +We would encourage you to ask questions and suggest possibilities in the comments below. We’ve had close to 2 years of DD (Due Diligence) that suggest something we call the MOASS (Mother of All Short Squeezes) is in sight. LFG. + +&#x200B; + +[Credit: u\/No\_Pie\_2109](https://preview.redd.it/977dsrlcn9a91.png?width=568&format=png&auto=webp&s=a71da6e0a4b1be9cae7f81cb8ec8405db0d7ab9e) +Cybersecurity is a critical component of financial security, but rarely discussed in personal finance circles. Note that cybersecurity practitioners disagree over best practices for personal cybersecurity. This is my perspective, as I have some expertise in the area. + +As a member of r/fatFIRE, you are a particularly juicy target for attackers, so this guide is written with the intent of preventing attacks from strangers and people you know. Obviously, more skilled attackers who are targeting you specifically will get you eventually, so we won’t cover that. + +Good cybersecurity protection consists of prevention, so you don’t get owned, and monitoring, so you know when you’re owned and can take action to remediate the damage. A common method for attacks is that a website’s database gets compromised and your information is stolen, which could be passwords or credit card info. This information is then used to harm you. You can check haveibeenpwned.com to see if your email is known to be compromised. You should move forward with the assumption that your information is out there, as that mindset will help you the most. + +**Passwords** + +One of the reasons email/password credentials are so valuable to attackers is that most people reuse the same passwords for everything. Ideally, getting my Reddit email/password combo would only allow someone to post a bad Fat Guide to r/fatFIRE, which would be a travesty but not disastrous. However, many people reuse passwords so stealing my reddit credentials would permit them to log into my bank account, email, etc. + +You should be using a unique, strong password for each site, but since that’s hard to remember, you should use a password manager like Lastpass. Using a password manager guarantees a unique, strong password for each site. The only passwords you should keep outside of Lastpass are your lastpass password, your email(s) password, and your computer password. You may ask what happens if Lastpass or other password managers are hacked. I won’t get into the technical details, but your information is generally safe even after breaches because the company doesn’t’ hold the encryption key to your data, you do (as your password). Security experts agree that using a password manager, even one with potential vulnerabilities, is generally safer than not using one. This is a bit of an oversimplification, but it's true. Use a password manager. + +**2 Factor Authentication** + +Obviously, two factor authentication improves your situation by preventing someone from compromising your account if they only get your username/password. However, traditional 2FA methods like email or text can be phished. There are many scams where someone calls you, pretending to be your bank, and then tells you to read them the number texted to you to “authenticate yourself.” Meanwhile, they login or reset your password with the code and clean you out. Another method, “SIM swapping,” which was recently used to steal Jack Dorsey’s (twitter CEO’s) twitter account, is where the hacker convinces your phone provider to switch your number to the attacker’s SIM card in their phone. You can’t defend against this, so phone 2FA is never perfectly safe. + +The solution? Security keys, such as Yubico’s Yubikeys or Google’s Titan keys. These are physical devices that provide a code, and can be used for 2FA on Google, Facebook, Vanguard, Reddit, Lastpass, and many more. Unfortunately, few commercial banks support security keys including Ally (please message their customer support about this, they need to support it). Security keys cannot be compromised outside of stealing the key as they require you to have physical possession of the device. Of course, you need two of them in case you lose one or it breaks, or else you’ll get locked out of your accounts. With premium Lastpass, you can use security keys to protect your Lastpass passwords as well. This is a great tactic. + +**Protecting Root** + +Getting “access to root” means you have access to everything. In this case, “root” is your email because you are generally able to reset your password on other accounts from your email (I suppose your phone or pc may be as well, more on that below). My recommendation in this case is to use Gmail with the advanced protection program (requires security keys). This will make it virtually impossible for anyone to access your account but you. However, if you lose both your keys you will have to wait a few days for Google to confirm who you are so you can get back in. One of the other advantages to using security keys is that “root” doesn’t really exist anymore on any account using them, as even if an attacker breaks into your email they can’t bypass security key 2FA for other accounts. + +My other recommendation is to use two emails, one which you use publicly and the other privately. Use the public one for whatever: social media accounts, receiving forwarded articles from your crazy grandpa, applying to jobs, etc. The private one should be used only for your financial accounts, such as banks, brokerages, and credit cards. You can also use this email for Lastpass. You should never provide this email to anyone, ever. This will make it very hard for someone, even someone who knows you, to guess what email you use for your finances. Ideally, you’d be using a separate computer, like a $200 chromebook, as the only computer/phone from which you access this email or financial accounts, but that’s pretty paranoid and not necessary. Both of these Gmail accounts should use unique, strong passwords you have memorized, and not be stored in a password manager, just in case. + +**Protecting Other Accounts** + +Protecting all other accounts is straightforward: use your password manager for a password and use 2FA (preferably with a security key) wherever possible. You never know which account will give an attacker the info they need to own you, which could be your address, phone number, etc. Imagine if your spouse or mom got a Facebook message from “you” saying you forgot your SSN and need it right away. Many accounts, particularly financial accounts, may contain tax forms with your social security number. Most people don’t realize their college account, which may have financial aid tax forms, may have this info. Protecting your SSN is really, really, hard, which leads us to… + +**Financial Information** + +Frankly, protecting your SSN today is basically impossible. If you used credit before the Equifax breach, your info is probably in the wild and could be used today or 50 years from now. If you have no immediate plans to use your credit, freeze it with every major bureau. Also, set up credit monitoring so you know if anyone opens an account in your name. Unfortunately, there is not much you can do to prevent your SSN being compromised. Your SSN is everywhere, from banks, to colleges, to your employer, to your doctors/accountants/lawyers office. It is a literal disaster that will hopefully be corrected, but probably won’t. + +Credit cards are equally challenging to protect (if not more so). You should use credit cards and not debit cards wherever possible, as it is unlikely you will successfully dispute debit card transactions. It is common for credit card info to be stolen via database hacks (do you really trust every vendor you use your card at?). Apps like Apple/Google Pay are actually even better as a result, as they use a one-time code for the transaction that cannot be used afterwards, so it doesn’t matter if they are stolen. Here, I will also note that while RFID-readers reading your credit card while you walk by on the sidewalk is technically possible, there has never been a documented case of it occurring and the RFID-blocking wallet is totally unnecessary as a result. + +A critical component is, again, monitoring. You can typically configure text alerts for every credit card transaction. I receive a text every time any of my cards are used. This helps identify fraudulent transactions in real-time. + +Lastly, it is often possible with banks to set up a challenge/response for phone calls. They might have to provide you a code to authenticate themselves as your bank, or they may ask you a security question/ask for a code to authenticate you. This is very helpful at stopping social engineers from stealing your info, either by pretending to be your bank calling you or pretending to be you calling your bank. Keep in mind, though, that many “security questions” are awful and can be found on your facebook. So pick a weird one, like “Who was your least favorite teacher in high school?” + +**General Device Security** + +Device security is really fraught and challenging. From a phone perspective, you should of course use some sort of authentication (such as fingerprint, passcode, pattern), on your phone and also on each of your financial apps, so stealing your unlocked phone doesn’t grant automatic access to financial accounts. Aim to only install apps from trusted sources, as multiple apps that have 10-100 million+ downloads have been demonstrated malicious. + +PCs are a little more challenging. Chromebooks are the safest PCs from a security perspective. If you ask me what the best antivirus is, it’s a chromebook. Seriously, if you’re going to get a laptop for anything but gaming or video editing, get a chromebook. Despite what many laymen say, Macs aren’t technically more secure than Windows, but attackers are less likely to target them because they are less common. As you do sketchier things on the internet, you are more likely to get owned. For example, regular browsing on trusted sites is typically safe. Going on adult or illegal streaming websites may have malicious pop-ups or ads. Torrenting is more dangerous, and the dark web can be extremely thorny. As a result, I strongly recommend that if you want to engage in unsafe behavior (i.e. torrenting) on the internet, at least keep a separate $200 Chromebook only for all your finances, and don’t access those accounts from any other device. No reason to lose tens or even hundreds of thousands of dollars because you didn’t want to spend $20 on a video game. + +As far as anti-virus goes (if you have to use something other than a Chromebook), Bitdefender is a pretty good bet, but there’s a lot of good software out there. Personally, I’d be wary of anything Russian or Chinese either as security software (Kaspersky) or as a device (Huawei). Chinese manufacturers are known to insert backdoors into their devices. In one particularly ironic instance, a chinese manufacturer perfectly copied an American device down to the typos in the manual, but their version had twice as many security vulnerabilities. This is one of the reasons letting Chinese manufacturers build 5G infrastructure in Europe is so worrisome. + +In a similar vein, public wifi is questionable. There are a lot of opportunities for attackers associated with public wifi networks. HTTPS stops many of these, but tools like sslstrip highlight some vulnerabilities. A VPN may be helpful, but most free VPNs are awful, so do as you will. + +**Summary** + +Someone before asked for a flowchart or something of the sort, so here is a concrete action plan: + +1. Get at least two security keys (i.e. Yubico) +2. Set up a public and private gmail account. Your private email should not be linked in ANY way to your public email and should be given to no one. +3. Turn on advanced protection on both gmail accounts and link to security keys +4. Get a password manager like Lastpass. If you get Lastpass premium (recommended), add your security keys for authentication. +5. Generate new passwords using your password manager for all accounts but your emails, pc password, and your password manager itself. +6. Associate any financial accounts, such as credit cards, banks, brokerages with your private email +7. Turn on 2FA (with the security keys wherever possible) on all accounts, as well as login alerts. +8. Turn on text/email alerts for any credit card charges or bank transactions, as well as credit changes. +9. Make sure your phone is locked by some authorization measure, as well as your financial apps individually. Preferably a password. Added bonus: cops can’t get a password but can force your fingerprint or face id, a current dispute in the courts. +10. Optionally freeze your credit. +11. Optionally get a cheap chromebook as the only computer on which you do financial transactions. +12. Optionally encrypt your phone and hard drives. + +Using a password manager with security keys wherever possible, and 2FA where not, as well as Gmail’s advanced protection program is your best bet for protection on the web. You should configure monitoring for your accounts, SSN, and credit cards so you are aware of when they are used in real-time. There is obviously a lot more that could be covered, but the goal of this guide is not necessarily to make you impervious to attack, but rather to make you a very hard target so attackers give up and ignore you. Frankly, nothing will destroy your financial situation faster than a hacker who cleans your clock. +# 0. Preface + +I'm not a financial advisor and I do not provide financial advise. I am snake. And, I am retard who is wrong all them time so why are you even reading this? + +Edit: Please read this thread instead for clarification: + +https://www.reddit.com/r/Superstonk/comments/qvtmxm/clearing_up_some_things_about_options_and_how_it + +Edit: ⚠️ It is universally agreed that OTM calls will directly fund the SHFs and MMs, so they should be avoided like the plague. + +It should also be noted that weekly and short-term options are extremely risky as well. These can also be feeding the SHFs and MMs due to theta decay or from a quick flash crash in the price which will drop even ITM/ATM options to become OTM. Go read (or listen to) actual options DD by other users such as /u/gherkinit before making any decisions. + +[YOLO on $950Cs 0DTE. Just kidding please don't](https://preview.redd.it/8ck0jlju4wz71.png?width=868&format=png&auto=webp&s=f4c248c56bf7da04a9ce2eaceef41d9dd14a5ae7) + +# 1. Options + +~~Apes. We need to start talking options. The SHFs are **scared** of them. Or more particularly, Citadel is scared of them.~~ + +~~Every person I talked to who actually understands options knows that it is (pretty much) the only way to induce volatility in stocks, and they all agree that it can be additional pressure on the SHFs + MMs. Why is it spooky to them? A little friend called **leverage**.~~ + +~~Ask yourself this: What two main topics have been suppressed ever since January? Direct registration and options. Both with pretty weak ass counter-arguments. It took apes until September to break through and see the DRS way. Now it's about time to break through and see the options way. For some of us at least.~~ **Options are not for everyone.** But, there's some intro posts for you if you're still curious such as /u/DigitInoize's introduction [post](https://www.reddit.com/r/Superstonk/comments/qunfd5/apes_guide_to_options_part_1/). + +~~Think about it. What is the typical message that gets echoed back when anyone talks options? They say, "you're just funding Kenny and his friends!". **There's nothing else.** No discussion on the actual effects that options have on the market, and no discussion and delta hedging. Give that narrative enough time to push around Reddit, and everyone starts echoing it back and forth that options are pure taboo.~~ + +**Just**. **Like**. **DRS**. + +~~The topic of DRS was taboo for almost 8 months and now the front page is filled with DRS posts. That shit obviously effects the shorters supply of available shares to borrow, which is awesome. Guh for them. The most oppressed topics are the ones that should have more attention: DRS and options. Don't just brush them off because other people tell you "it's bad".~~ + +~~What's funny though is that every week we used to have posts saying, "Hell yeah! That's 10,000 options ITM that will have to be settled T+2!", and we still have those posts/comments occasionally. It's curious how options are seen as the devil yet it is celebrated so heavily that options go ITM, right?~~ + +~~The thing is, we know that broker-dealers are probably internalizing orders when we purchase shares through brokers. Or in other words of "internalization" they are performing a [Contract For Difference](https://www.investopedia.com/terms/c/contractfordifferences.asp) (CFD). In which through this "internalization" is when the broker-dealer doesn't actually buy your shares but effectively goes net short to sell a share to you. They hope that you eventually sell at a lower price and they pocket the difference. Easy-peasy money for them. The [SEC report](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) even showed that **Citadel internalized $2.2 billion** of GME on January 29th **ALONE**.~~ + +~~**So, we can pretty much assume that almost all retail buys, unless IEX routed or something similar, have no effect on the price.**~~ + +~~That all being said... what **DOES** have effect on the price of GME?~~ + +~~DRS does, of course. Either that or direct purchasing through ComputerShare. Both of these methods **actually** buy shares on the lit market because DRS either forces them to buy the shares that were internalized, or direct purchasing avoids internalization all together. The problem is that those methods are both bundled in market order "chunks" by ComputerShare and not instantaneous. It takes a few days for the orders to go through.~~ + +~~On top of this, **these purchases don't have leverage.** Where leverage is an insane opportunity at retail's fingertips to induce buy (or sell) pressure in the market.~~ + +~~What else has an effect on the price? ITM and ATM options. Since these are **contracts**, the option writer **MUST hedge** against those CALL options that are purchased because it is a contract between between the option writer and the option buyer to transfer the shares when exercised. The benefit here versus buying shares? **Leverage**!~~ + +~~When you buy to open an ITM/ATM call and you purchased it from Kenny, he has to hedge against the CALL option by buying up to 100x shares per contract depending on delta The best part? Due to leverage, he has to hedge up to 100x shares for way less than what it would cost to buy the 100x shares outright.~~ + +Edit: Thank you /u/flintzke for the clarification below: + +> the previous example of the Nov 19 200c is technically a little off. According to Fidelity that option's delta is 0.716 which means the counterparty would likely be currently hedged at closer to 72 shares, not 100. + +> So the concept is correct, but I would be fearful that people buying even ATM options expect 100 shares worth of leverage when its much closer to 50 shares due to ATM options typically having a 0.5 delta. + +> I didnt clarify this but the hedging is "dynamic" which means as the underlying moves relative to the strike, the delta moves which causes the hedge to move as well. So like others said below, if we start to move a lot of options ITM as price increases, the hedging increases which means buying more shares which puts more upward pressure. It's a beautiful feedback loop to Valhalla. - /u/flintzke + +~~So, while they could internalize some options, there's no way that they can internalize a swarm of options. Take the November 19th $200 CALL for example. That contract is currently ITM and means that the buyer can exercise to purchase **100 shares** at a price of $200. The current premium cost is **$1,193**. Meanwhile it would cost **$20,914** to purchase 100 shares outright at current market close price.~~ + +Note: This in no way means to look at short term expiration options. This is just a reference contract. In fact, it is wise to stay away from options that expire short term due to theta decay. Or, the fact that the price could flash crash like on March 10th and send those calls from ITM/ATM to become OTM. + +~~This is the power of **leverage.** And if you're still confused, ya boi /u/gherkinit discusses [this more](https://www.reddit.com/r/Superstonk/comments/qra8h0/awesome_stream_with_gherkinit_and_houston_wade/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) in his posts and channel. He describes how "retail is the biggest hedge fund in the world" by the power of leverage through options. Go watch daddy pickle if you haven't as he is way more eloquent with explaining these things than I am.~~ + +~~The next expected quarterly rollover is [around November 23rd](https://www.reddit.com/r/Superstonk/comments/quj97o/gme_evidence_of_predictable_cycles_gme_explained/) per /u/Leenixus. In theory they are hedging Variance Swaps via options, which allows Citadel to profiteer off of retail while this drags on by pinning volatility. The problem is that they are losing this lower bound of their hedge during these quarterly "cycles" which forces them to buy CALLs to induce trading of the stock. Is this guaranteed to happen? No. Always consider that once again the price theories can be wrong.~~ + +After reading /u/zinko83's and /u/MauerAstronaut's DD's [regarding Variance Swaps](https://www.reddit.com/r/Superstonk/comments/qmtt6q/volatility_variance_dispersion_oh_my/), it has convinced me that the Variance Swaps are most likely what they are using in this game. Read the DD I linked in the previous sentence. Seriously. It feels like it is the closest to cracking the truth behind what is going on with the strange options plays in the market, and it makes sense as to **why they would be pushing the "don't buy options" narrative**. It makes sense as to why Shitadel would have taken on Melvin's bags, because they got cocky thinking they could profit off of Variance Swaps until retail got bored. + +When you read /u/zinko83's post and /u/MauerAstronaut's supporting DD, God damn, **the data lines up perfectly** with the textbook description of how to hedge Variance Swaps with Deep OTM PUTs + CALLs. + +# 2. Closing + +But this **DOES NOT** mean go off and buy whatever the hell option you want or to buy them at all. I'm just saying that we need to discuss this more and get good information spread on **how** to use options. + +# For the love of God please do not buy OTM CALL options. Those have basically 0 delta and therefore don't force Kenny to delta hedge. ITM/ATM CALLs are the sweet spot: + +**Go check out** /u/Digitlnoize**'s** [**post**](https://www.reddit.com/r/Superstonk/comments/qunfd5/apes_guide_to_options_part_1/) **to start. It has upsettingly been buried today as an intro to options and how to use them. Probably because those fucks are suppressing the information again.** + +# 3. Easy Access Links and Other Links + +[SEC Report of GME](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) + +/u/Digitlnoize's intro to options: [Link](https://www.reddit.com/r/Superstonk/comments/qunfd5/apes_guide_to_options_part_1/) + +/u/zinko83's DD on Variance Swaps: [Link](https://www.reddit.com/r/Superstonk/comments/qmtt6q/volatility_variance_dispersion_oh_my/) + +/u/MauerAstronaut's DD on explanation of OTM PUTs and Variance Swaps: [Link](https://www.reddit.com/r/Superstonk/comments/qoz68k/how_variance_swaps_can_explain_oi_in_far_otm_puts/) + +/u/Leenixus's DD on Predictable GME Cycles: [Link](https://www.reddit.com/r/Superstonk/comments/quj97o/gme_evidence_of_predictable_cycles_gme_explained/) + +/u/gherkinit's Stream describing leverage: [Link](https://www.reddit.com/r/Superstonk/comments/qra8h0/awesome_stream_with_gherkinit_and_houston_wade/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +Hey all, + +So I've set up a new website based on investing content specific to Australia / the ASX here: [https://ausinvestors.com/](https://ausinvestors.com/) + +I wanted to do this for a number of reasons: + +* It provides a place for me to start to gradually build up a big library of DD all in one spot, if only to refer back to myself if nothing else +* This means writing the **"Random Stonk of the Week"** post is something I will bring back every week if people are keen... they take quite a long time to put together, and I stopped because when they just fall off the page here after half a day, a lot of the time it feels like a waste of effort. At least if I post them here going forward, and then can move them elsewhere afterwards once they fall off the page, the time put in doesn't feel as short-lived. This will also let me make them longer and more in-depth/detailed with more images, charts, data etc. moving forward. 🤞 +* I find Reddit's post tools to be shit for writing long posts... it randomly deletes paragraphs, doesn't let you put space between bullet points on mobile, removes code and breaks the format any time you copy-paste stuff meaning you have to re-write it or lose what you wrote, etc. So I can put them here first, then try tidy them up more later. +* Most of the info out there online already, I find is way too catered to Yanks and not Aussie-specific, OR... +* ...it's very *dry* and written either by paid pumpers who are just shilling companies who pay them to be overly bullish (*Motley Fool, Next Pumpers, Hotcrapper, Stockhead etc*), or boring suits who only cover ASX100 companies. Never any swearing or casual writing, or character involved, and basically just boring as fuck re-written press releases is all most of them are from what I've seen... + +I've also created a "Poll" section where people can vote on which stock to do DD on each week (out of 5 random choices on the ASX of stuff I don't hold) here if anyone is interested in voting: [https://ausinvestors.com/poll](https://ausinvestors.com/poll) + +(I've just migrated past ones I've done to the site already so far, so looking to ramp this up moving forward.) + +You'll also notice there are a few basic "guide" content articles on there... most of this is targeted at n00bs, and not really relevant to you guys who have been in the game a while. + +I am just sick to fucking death of seeing the *exact same questions* asked day in and day out on every Aus investing sub or forum I visit, so wanted to put some of that in place as well to round things out. + +It's all basically just a compilation of shit that I kind of want to have for myself, so if anyone else is interested then it's a bonus. + +So yeah, cheers for allowing me a spam post, and feel free to vote for the next DD in the poll if you want to. Suggestions / hate welcome as always. Facebook page is also here, would be a big help if people could 'Like' it who are on FB and are interested: [facebook.com/aussieinvestors](https://facebook.com/aussieinvestors) + +💘 + +Mods: I flaired this 'Legit Discussion' as dunno wtf other flair would suit... am always tempted to go for the Scam Dream flair out of affection though +My whole life I’ve been a saver. Tried to invest every extra dollar I had and live below my means so I can get to FatFire as soon as possible. I calculated that $6M should be more than enough to FatFire comfortably + +Then I married my wife and over the years my father in law has begun sharing more and more about his assets (wife’s an only child so all his assets will be hers one day) + +Between his house, his rental properties, and a commercial property, the total value of these properties are ~$12M - $15M (no mortgages on them). Not to mention whatever savings/investments he has in addition to that + +So my number is $6M. And it looks like one day $12M+ worth of real estate will be my wife’s. + +This is so hard for me to compute because I’ve been so engrained in my spending/saving strategy. But do I need to even bother saving anymore? Or can I just chill out stop stressing and know that we’ll be more than taken care of when those assets eventually pass down? + +(Obviously yes we need to STAY married but not worried about that part) +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've read some posts from bigger pockets on the subject but I'd like to hear your views. + +Obviously this varies by state because some states make it illegal to ask about immigration status and others make it illegal to rent to illegal immigrants. + +I've heard that they will never miss rent because they don't want to find themselves in a court room but on the other hand how could I evict if they lie about their names? + +What are your thoughts? +Hey guys pdwp90 here, founder of [Quiver Quantitative](https://www.quiverquant.com/) for those of you who don't know me by Reddit tag. + +This report is primarily comprised of "alternative data" which can be loosely thought of as data that comes from outside of traditional sources like earnings reports. The reason this type of data gets me so jacked is because it's data that retail investors (you guys) often have an edge over Wall Street in interpreting. + +Sadly, it has also been largely inaccessible to normal people in the past as providers usually charge thousands of dollars a month for any sort of access to their data, making it only available to hedge funds and other institutional investors. That's what motivated me to start collecting this data myself, to make it available to those who can't afford to another $10k a year bill. + +So without further ado, here's the inaugural u/pdwp90 alternative data report + +# [Twitter](https://www.quiverquant.com/sources/twitter) + +GameStop's corporate twitter account has had a .17% gain in followers in the last day (#14 of 842 companies tracked), a 2.06% gain over the last week (#6 of 842), and a 6.69% gain over the last month (#11 of 182) + +Here's a graph of the twitter following of GameStop Corporate (@gamestopcorp) over time: + +[GameStop Corporate Twitter following over time](https://preview.redd.it/z94s8qbcpkr61.png?width=1586&format=png&auto=webp&s=fc726f9f214a05261feed7373f18e471f15ab080) + +# [Off-Exchange Activity](https://www.quiverquant.com/offexchange/GME) + +Yesterday, 5.13 million shares of GME were traded off-exchange and 2.48 million of those shares were sold short, giving GME a DPI of approximately .48. Below is a graph of the cumulative net off-exchange short volume since 2010: + +[$GME cumulative net OTC short volume](https://preview.redd.it/gsbjbe48nkr61.png?width=1322&format=png&auto=webp&s=e34cbae8ae0d6843b766d0987e468dfc0d458ec0) + +# [Wikipedia](https://www.quiverquant.com/sources/wikipedia/GME) + +GameStop's wikipedia page has been viewed 37.6k times this week, making it the 11th most viewed company page out of the 1342 that I track. + +# [WSB Discussion](https://www.quiverquant.com/sources/wallstreetbets/gme) + +I know that this might ruffle some feathers in this community, but I put a lot of precaution into ensuring the data is protected from the effects of manipulation and moderation. The reason for using WSB is that it has years of historical data which allow for better analysis and modeling. + +Yesterday, GME was mentioned 895 times on WallStreetBets daily discussion threads, making it the most talked about stock on the sub. + +The discussion around $GME has a sentiment score of .576, which is the highest it's been since late January. + +# [Insider Trading](https://www.quiverquant.com/dashboard/GME/) + +"Insider trading" used in this context just means trading reported by company insiders, not the illegal trading. Over the last 6 months, GameStop's directors and management have bought 2.79M shares of $GME and sold 226k. + +# [Trading by US Congressmen](https://www.quiverquant.com/sources/senatetrading) + +There haven't been any trades of $GME in the last week by congressmen. + +&#x200B; + +Disclaimer: This is not financial advice. + +# +Not a total noob in investing, but I have always looked at dividends as a bonus. + +Let me explain, and feel free to change my mind, I'm here to learn. + +I moderately study a stock before investing. Dividend is not the first thing I look at. I am your typical hold a stock for some time, till I make some money and sell in time. + +Reinvest the profit and If I could get the dividends during my predefined profit and loss margins I am happy. But I wont hold a stock just for the sake of earning dividends. + +Now, reading the entire post by u/Firstclass30, +I want to understand what I am missing out on. + +EDIT: +Thank you, everyone for explaining. +I think it will be beneficial to let you know, + +Consider: +Capital: 5K$ , +Share price: 10$ , +Dividend Yield: 6% , +Expected Increase of Stock Price: 2% annually. , +Years to invest: 30 , + +1. My portfolio size in 5K$ +2. Compounding and reinvesting at 6%, will bring me to 50K in 30 years. +3. If I stop reinvesting my dividend at 30 year mark, I will earn about 2795 $ a year in dividend income. +4. My initial investment of 5K$ may (optimistically) be 4 times at 20K$ with the stock price increase and additional shares purchased. + +I may be able to increase my portfolio size, but let's consider I can't. + +The above 4 points are not very attractive for me or I would guess it wont be attractive for any investor with a portfolio size of 10K$ and below. + +Any more suggestions after the edited information? What am I missing? +Again, here to learn, thanks for teaching. +Health Canada approves permission for some doctors and therapists to use magic mushrooms! + +https://www.cbc.ca/news/canada/london/some-doctors-therapists-get-health-canada-permission-to-use-magic-mushrooms-1.5834485 +Let’s say I could snap my fingers and eliminate social security without issue for the millions taking benefits. Instead, I’d give everyone the option of putting their social security tax into their 401k/Ira each year or have it as income. Do you think people would save it? Do you think people would invest it properly? Or do we need a mandatory system because people need to be forced to save? +When the Interactive chairman was interviewed, he straight up said the reason the clearing houses told the brokers to restrict certain tickers is because they don't want to front transactions they're not sure will clear. + +When the WeBull CEO was interviewed he basically confirmed they had been asked by the clearing houses to restrict the tickers for that reason. + +Neither of them said they themselves were underwater, they just said they don't want to be, so they halted trading on their own accord to limit their own risk. + +I don't want to spread FUD, but I can't help but worry - if the bag holders of the GME shorts don't have the money to cover, the brokers will cover the loss and chase the shorters for the money, which they don't have, so it will be written off or whatever. But if the brokers don't have the money to cover, don't the clearing house have a problem? And if the clearing house can't even cover the loss, the integrity of the whole market is at risk? This is literally what these people themselves talked about on national television. + +I think there may be a small but non-zero risk of systemic risk to the financial system, similar to when Lehman collapsed. + +I'm always the first to laugh at permabears always screaming that the next collapse is happening any day now, but I have to admit, today, even I am legitimately worried. + +At US open, I will sell some SPY calls. + +Tell me why I'm wrong. +tl;dr: In 2007, the federal government established a student loan forgiveness program for grads who went into public service jobs. After 10 years of service, those loans could be forgiven. Lots of people took jobs with that expectation. + +Well, it's 10 years later, and now the Education Department says that its own loan servicer wrongly approved a bunch of people for debt forgiveness, and without appeal, will now reject them, leaving their loans intact. + +Bottom line: if you have debt forgiveness through this program (as I know many who do), you're gonna want to check your paperwork reeeeeeeal carefully. + +**[Link in the NYT](https://www.nytimes.com/2017/03/30/business/student-loan-forgiveness-program-lawsuit.html)** +Hello, + +I apologize if this is in the wrong subreddit. I'll try to make this as short as possible. My sister and her husband are closing on a house soon. Quick info about her and her family: + +* Her salary: $102,000 per year, excluding annual bonuses if available that year +* She mostly works from home aside from a quick visit to her company once every couple of weeks +* She works in the IT department for a well-known healthcare company +* Husband is stay-at-home dad and will be for a while due to health reasons +* 401k balance: around $50,000 as of today with around $25,000 of that from her monthly contributions. She is fully vested. +* No other source of income +* They have four kids: ages 2, 8, 12, 16 +* House Location: Pomona, CA (in Los Angeles County, also close to Orange County) +* 3 bedrooms, 2.5 baths, no backyard or front yard but there is a small side yard. +* Mortgage: $530,000, 30-year fixed, 2.45% interest rate +* Excellent credit score, two cars but already paid off, minimal credit card debt and no other debts +* Monthly HOA fees: $250 + +**Can she afford it?** I am happy that her family will finally have their own house, but I am a little worried that they won't be able to afford it in the future. She was didn't tell me how much she will be paying a month, including all the insurance premiums, and I have a feeling she didn't want to tell me. A quick google "mortgage calculator" search says she will be paying $2,041 a month **excluding** insurance, HOA fees, etc. What are your thoughts? +I've seen a lot of posts calling for billionaires to be taxed on their net worth instead of income, capital gains, etc. I have read that it has been tried before in countries like Denmark but it got removed. I don't understand how this would work given the fact that to pay off wealth taxes they would have to sell some of those assets or take out loans to cover the taxes. It seems like the most troublesome aspect of a wealth tax is implementation. + +Is there any way this could work? +MAIN TAKEAWAYS FROM THE HUGE ANNOUNCEMENT TODAY FOR EVERRISE! 🚀 + +🔸 David Gokhshtein, a HUGE Celebrity and Influencer in crypto and stocks is now PART of the EVERRISE CORE TEAM + +🔸 Conor Mc Gregor deal was seriously on the table, same for Snoop Dogg, the funds of 500K USD were instead put into the Kraken (Team has decided not to take a meme coin approach, all patterns so far has led to celebrities promoting a coin leaving a temporary pump and a huge dump, happens every time) + +🔸 Wasso, a core marketing member of the HOGE team (he was the one solely responsible for the market increase from 1MILLION MARKET CAP TO 300 MILLION) is now a member of the core marketing team for Everrise + +🔸 Marco is also another member with connections to a lot of people in the crypto sphere and beyond (Certik is one of them). PLUS! He used to WORK for CERTIK! + +🔸 Titan has announced his full departure from his full time job (more developers will be hired under him to speed up the process of the Everrise projects) + +🔸 Extension of the lock on the DEV WALLETS (TEAM REALLY BELIEVES IN THE PROJECT) + +🔸 Certik VIDEO AMA on the 15th (a big possibility, need full confirmation) + +🔸 The Everrise Team is aiming to have real revolutionary utility (the next Link, Cardano, Ripple) +as the title states, I was given money from someone’s insurance. Now I’m pretty much new to this whole money thing but over the years I’ve always been curious about stuff like stocks and other forms of investments. Obviously I do not have the greatest idea on what direction to go because I just turned 18 last year. I am asking all of you on this sub to give me the best advice you have and how I should go about using this money in order to maximize profits and make the most of this money. Thank you. + +Edit: At work right now, didn’t expect to nearly get this much exposure. Thank you all for your responses, I will look into all of them when I get off. Thank you again +Once Marge calls, the party who’s been called has a short amount of time to cover. They are only liquidated if they are unable to meet their obligations. + +I’m just as excited as ever about the new rules going active today, and I’m sure they will *begin* to set things in motion — **but it will not be immediate!** + +We all know the drill by now — buy, hold, and wait patiently. + +The rocket is on the launchpad, and the countdown has begun. Buckle up, and enjoy the ride! 🚀 +&#x200B; + +&#x200B; + +[Look under your chair!!! YOU GET A MOASS! AND YOU GET A MOASS!!](https://preview.redd.it/g3245ro7vel71.png?width=1153&format=png&auto=webp&s=40b422e87399616c81defad9048c6a0a6a810abb) + +&#x200B; + +Wanna take a guess as to what the above image is? + +The volume of 1700+ OTC non retail tradeable stockies. Graphed alongside each other from Jan 2021 to Sep 2 2021. + +There are 13k stocks that are doing funky OTC shit but I narrowed it down to about 1700 of Citadel's closest friends. + +What do you notice about this graph? Right off the bat? (Literally no pun intended, I noticed it after I typed it lmao) + +Oh you say you notice some giant spikes at the end there, huh? + +That's the beginning/middle of August 2021. + +I'll upload the list and analyze with more data in an another post soon but I've been staring at these for 15 hours straight and I just wanted to get this fact out there and go to bed. + +It's not just Blockbuster, Sears, ToysRus, etc. It's like thousands of stocks in secret. + +Here's some examples of the various types I've found. + +I figure there's at least 3 separate strategies going on with these. + +&#x200B; + +1. Zombie + +&#x200B; + +No activity for like ever and then out of the blue the last week BAM! + +[MNVN rise from your grave!](https://preview.redd.it/a5olcku9vel71.jpg?width=1329&format=pjpg&auto=webp&s=cec5694321203cd8c390f1561917b6547bdd50b6) + +&#x200B; + +&#x200B; + +&#x200B; + +2. "FUCK WE NEED CAPITAL FOR OUR BALANCE SHEET" + +&#x200B; + +[STRANGE SPIKEYS ON GME BOOM CYCLES! HMMM](https://preview.redd.it/wrk4wcybvel71.jpg?width=1371&format=pjpg&auto=webp&s=6abf8cd2aabf100ec5eb99463ca7151d7327f507) + +&#x200B; + +&#x200B; + +3. "Pump starting Jan 27 and then emergency dump when shit starts really hitting the fan." + +&#x200B; + +https://preview.redd.it/vdbynit9xel71.jpg?width=1360&format=pjpg&auto=webp&s=fd68e8ccb738fa6852e9b3d9d6f670f9172ec1f3 + +&#x200B; + +&#x200B; + +It's a mixed bag. They all correlate with GME in some way and most of them look like 1 of those 3 charts. They follow mostly the same pattern with volume ramping up to never before seen levels in the last few weeks. + +The same pattern that umm.. MSM tells us is retail "propping up meme stocks". + +Well the issue here is most of these are marked as defunct, delisted, "Pink No Information", "Can't contact the company" type stocks. Retail can't buy most of them so how the hell is this happening? + +It's pretty obvious it's not retail. + +&#x200B; + +https://preview.redd.it/p1gv7vsevel71.jpg?width=1329&format=pjpg&auto=webp&s=9a5d8068d8f0f504b7a2b7d00fd100164ed0a2fc + +This one's interesting. It starts pumping in January and then February spikes. And now all of a sudden it's reaching highs just the last few days. FOR NO REASON. + +Another thing, a large percentage of these stocks have spikes from Feb 4th to Feb 8th. Idk why that's significant but it seems too clustered to be a coincidence. + +Probably to keep shorting GME down to 38. + +&#x200B; + +Funny thing about ParkVidya. Their website is unreachable. + +[http://www.parkvida.com](http://www.parkvida.com/) + +&#x200B; + +Yahoo lists them as + +[https://finance.yahoo.com/quote/PRKV/profile?p=PRKV](https://finance.yahoo.com/quote/PRKV/profile?p=PRKV) + +Sector(s): **Financial Services** + +Industry: **Shell Companies** + +Full Time Employees: **3** + +Yahoo says they're formerly known as Montana Mining Corp. and changed its name to ParkVida Group, Inc. in September 2011 + +Here's their Twitter for the resort: + +[https://twitter.com/parkvida](https://twitter.com/parkvida) + +Nothing since 2011. + +&#x200B; + +And the SEC says they were incorporated in Nevada... + +[https://sec.report/CIK/0001104672?\_\_cf\_chl\_jschl\_tk\_\_=pmd\_0lqrIstcUAzoWSwzQaBBTBExd.NNVzNio9ooOVr8IzU-1630666664-0-gqNtZGzNAiWjcnBszQkl](https://sec.report/CIK/0001104672?__cf_chl_jschl_tk__=pmd_0lqrIstcUAzoWSwzQaBBTBExd.NNVzNio9ooOVr8IzU-1630666664-0-gqNtZGzNAiWjcnBszQkl) + +And their last filing was in 2015. Which by the way was a notice of termination / deregistering of the stock. + +[https://sec.report/Document/0001211524-15-000011/](https://sec.report/Document/0001211524-15-000011/) + +&#x200B; + +According to: + +[https://www.ipohub.org/delisting-and-deregistering-guidance/](https://www.ipohub.org/delisting-and-deregistering-guidance/) + +Once a company has successfully **deregistered, the company's stock can no longer be publicly traded**. When a company deregisters, it is also delisted simultaneously because it can no longer be publicly traded + +&#x200B; + +The company is SHUT DOWN. NO BUSINESS. STOCK CAN NOT BE TRADED. + +But yet it's still kickin'.. AND RECENTLY. + +&#x200B; + +Just ONE of the many scooby doo mysteries you'll find when diving into this list. + +&#x200B; + +Again, I'm going to compile a much larger DD later with a few other wrinkle brains help for everyone to dive in on it if they so chose. + +But for now I just wanted to share that it's way bigger than Blockbuster and Sears. + +&#x200B; + +This one's interesting, it's up 216% the past month and just drops almost 50% in the last 5 days. + +Clearly it's a number 3 with fries and a coke. + +&#x200B; + +https://preview.redd.it/no9n422hvel71.jpg?width=1300&format=pjpg&auto=webp&s=521dd74b93b4168ca5f54ec2fe01947bc00142df + +There's so much data I have to pile through and look at. The next post will be way more detailed. I know it's morning but I pulled an all dayer and nighter and falling asleep as I type this so I'll say Goodnight! + +I look forward to what mysteries ya'll uncover with this insight. + +Edit: there is an alarming amount of comments saying they bought Sears as if the point of this post was to make them do that. Saying stuff like ok you convinced me 😂 bruh this post has nothing to do with Sears stop. + +&#x200B; + +Edit 2: Fixed an issue in the post that made the pictures go away after my first edit on mobile lol + +&#x200B; + +Edit 3: Just to give you a scale of how MASSIVE this shit is, here's a zoomed in look at the first chart. + +&#x200B; + +First the chart: + +&#x200B; + +https://preview.redd.it/g3245ro7vel71.png?width=1153&format=png&auto=webp&s=40b422e87399616c81defad9048c6a0a6a810abb + +And zoomed in: + +https://preview.redd.it/prxbe707wel71.png?width=1153&format=png&auto=webp&s=8590a107c268f821867271d8e8f779eb1eef33cf + +Looks like a rainbow colored forest. But because there are so many stocks in the graph, it looks like a jumbled mess zoomed in. I just wanted to give this pic for scale. + +&#x200B; + +Edit 4: + +Further proof of this fuckery for ppl asking how this is correlated to GME: + +BABL had a 278% surge at 11:20 AM today. + +[BABL](https://preview.redd.it/r04fjx5w6fl71.png?width=927&format=png&auto=webp&s=380f31b1b02ed5108c1f83453387f12aaa24d174) + +At the same time GME had a short ladder attack. + +[GME](https://preview.redd.it/kl8a1yrv6fl71.png?width=891&format=png&auto=webp&s=a87e3a0b8a18fafafb5c96ed97d1a8e9430ced07) + +&#x200B; + +SRSR = up 5% today while GME down 5% + +MNVN = up 80% today. + +This shit is real. + +&#x200B; + +Edit 5: + +After I posted this, I got the anonymous message from RedditCareSources for suicidal posts lmao I'm not suicidal. Not one bit. + +And also, they deleted the repository where I was getting this OTC data from. + +Funny thing though they can delete the repository but they can't delete the stock tickers I already downloaded all of them lmao + +&#x200B; + +Edit 6 lmao... + +So after I posted this, the repository went down. Then a couple hours after I posted the edit, the repository went back up. SO idk if that is correlated or just the server was down for a bit. But it's back up now. +Hi, so the title says it all, pretty much. I've learnt about the 50-30-20 rule of budgeting, started learning about investing (more resources are always welcome!) and have an account in Zerodha. Could you guys share resources for investment, personal finance, how to file taxes, things to be done and learnt once you start earning? Basically like a dummy's guide of things to do once you start earning your first salary. Would really appreciate any resources, am completely clueless about stuff. + +I am looking for more resources, and personal tips. Any YouTube channels I can follow? Any other subreddits? What did you guys do at your first salary, and what do you think you should have done/not done? That sort of thing. + +EDIT 1: added details. +EDIT 2: added more details. +My situation. I’m 18 going on 19 in a couple months and have been saving my whole life. Currently work a job that grossed me approximately 55k yearly working 4 days a week. I’m fine with doing this job but I don’t want to do this forever. I’ve been successfully getting by off an $800 monthly budget for several months now. What are some steps to secure my future financial freedom. ANY advice is appreciated. Thank you! +Just had a 30 minute debate with Nick from Fidelity trying to convince me why Fidelity is a better place to hold shares vs. Computershare. Went back and forth for 30 minutes trying to convince me that it wasn't going to do anything as not enough shares will ever be transferred. + +He also said, "I've had this conversation many times over the past 3-4 days and at least three out of four people decide not to after speaking with me." + +It's no surprised that they're trying to keep everything in their platform for the sake of their business, but don't fall for their FUD!!! You have every right to transfer them and they are wrong, we CAN make an impact if we do our part. +I am in the extremely fortunate position to have inherited £500,000 after all tax and deductions from my Uncle who died earlier this year. + +I am 31, in good health, have a full time stable public sector job, and am currently paying off a mortgage on a 2 bedroom flat which I live in. The principal owed on the mortgage is £150,000. I pay £500a month on said mortgage. + +How best should I use the £500,000 in order to give the best return, and possibly prop me up for semi-retirement asap? I say semi-retirement, because I'd like to be part time, but also possibly retire fully. +*And to think the party hasn't even really started.* + + +Edit: Decided to make a response video to many of you. Thanks for all your comments. GREAT comments/conversation. https://youtu.be/7XFa_ru-RU4 + +I can't count how many times I've seen people say we will not see a new all-time high anytime soon. I think you guys need to get your seatbelts ready. If you're a fan of the tech and you are researching then I'm preaching to the choir. A revolution is starting. It's only been under way since 2009. It's not going away. Once you are convinced of that you can relax and start reading and digging in. + +People in these top-tier teams are really damn excited right now if you take some time to read on their discords and telegrams. + + Sure, The price puts a pit in my stomach for a brief second and then when I step back and look at the forest among the trees I feel like I'm right back where I was in 2014 watching the drop of Bitcoin..... remembering thinking to myself that although Bitcoin was Nifty I wanted something *I could do something with.* + +Now I'm looking at World governments and institutions finding ways to do something with ETH and related tokens. Crypto kitties was a genius novelty but now we're getting ready to peg gold, power casino games, get paid by advertisers, Dai stable coins, interact with Dapps and trade tokens on Toshi, and witness the multiple teams flying and flocking alongside core to assist with scaling. And on and on and on. + +And, yet, I understand why some of you feel like it doesn't matter with all this development. + +**Wake up Buttercup.** You are in the middle of a fintech explosion where the most fine tuned applications are going to run under the hood of some of the biggest names on the planet. + +40 new EEA members today, the boss Vitalik meets in Japan, and the flow of news streams in constantly. Fundamentals don't matter. ETH is second Fiddle and no one understands the music except us. ....Just wait until the pressure of the market sell-off dies out with a whimper. This sub will be just as loud going up as the wailing and gnashing of teeth has been going down..... + +you guys calling for sub 300. Good luck. Reminds me a lot of the people calling for $0.50 back when we dropped from $22. It barely fell below $6. Yes it was shocking.... but if you are riding the train all the way down and watching the news coming in back then you'd feel just the same as I do now. + +Everyday I wake up and I'm astonished just how much more is coming along than I ever dreamed I would see in this short of time. I don't think people understand just how many of these tokens are being powered by ETH and what an absolutely massive wave is brewing from the tsunami of 2018. + +Cheers and big hugs from Kansas City. +To what extent do you agree with this statement? + +Ive been day trading for sometime now and im finally starting to see consistent profits after spending about 3 months on a new scalping strategy. I've been running this strat and reworking it to be more efficient. + +Sticking to my time-line, I can start upping my position sizes in January. + +I currently work and go to school and have been wondering about the freedom trading brings. As clay trader says in all his videos "it not about the money, but the freedom it brings " and I cannot agree more. + +Not having to deal with bosses or working schedules out with shitty coworkers and making your own work time/ play time. + +I can imagine waking up and deciding not to trade that day and spend the entire day doing whatever I want and not having to worry if ill eat this week. + +Making a schedule and doing the things I want to do and not what I have to do is my dream. + +Anyways, this idea has been brewing in my mind for a while and I've been day dreaming of the day I can live it. + +So what are your thoughts on this? +Hi reddit, so i wish to invest 100$ and hold one year in at least 3 different coins, i was thinking about bitcoin eth and eso. What are your thoughts on this? +Yea yea yea yea I'm 100% GME and I hold no more popcorn stock - but yall gotta use your brains. + +The more we rub it in their face and yell and say GME IS THE ONLY ONE - even if it's true.... + +When's the last time yall listened to someone yelling at you. Look at how DFV conveyed his information. + +CALM, COLLECTED, INFORMATIVE + +Never did he sit there and call yall idiots for not buying more gme + +chill tf out + +ape no fight ape. those guys are buying and hodling what they think is best for them. + +any popcorn ape that sees this and needs help navigating the gme story so far, hmu i got u fam + + + +EDIT: well shit i didnt expect or want this to take off and im trying to respond to all of you. between the comments and the DMs this shit is hard. + +also the awards are cool af, but pls use the money to BUY, HODL, DRS $GME + +EDIT2: If only /u/_exordium can see me now + +EDIT3: For the apes calling me a shill, or a bragadier(?) thats not a word - honestly my bad. I thought this post would come out as counter-FUD but I've fudded some of you. I've been in superstonk for a minute, and I've honestly stayed on this long because when I'm drowning in FUD, I'll see a post and get unfudded real quick. + +Peace and love to you all - ALL every single one of you +So for some context..... + +I took out a second mortgage on my home (111k) and APE'D it into GME, NOK, & AMC stock. Right as I was noticing GME traction in r/WallstreetBets... Given, this was EARLY on. I'm talking late December 2020, $2.57 a share. I had a GUT feeling with the growth of wallstreet bets, these stocks were surly gonna moon shot. So at $32.11 I APED 100k into GME. The other 11k I split between NOK & AMC. + +Long story short I sold GME at $319.29. Paper hands sold all of it. You do the math. + +Now here comes where I need YOUR help. + +I am going to test this AGAIN, but with crypto. I have $111k in checking right now. I will put $11,111.1 into the TOP 5 most upvoted/vouched for/best DD coins y'all comment. + +I will post monthly updates of my gains and loses of each coin. + +Please make this a fun and good experience for me I've never trusted this much money in strangers, however; I have faith in yall. + +UPDATE: DEC 4th 12:01. +🤣😂 in all seriousness, can someone explain what exactly futures are to me ? I thought futures meant like commodities such as oil, or are futures technically a actual type of investment like call options, I know they are high risk and I love a bit of risk but why are futures inherently risky what's the fundamental reason for that? + +So would trading crude oil be classed as futures on its own ? + +Thanks everyone I'm still learning. +Eating at high end/fancy restaurants is not something that I am familiar with, but have recently dined at 2 nicer places in the last month. Upon payment of the bill, tips were suggested and they had 5%/10%/20%/other. + +Happy to pay for exceptional service etc. but are we moving towards a system where tips are expected? + +Keen to know everyone’s thoughts are and if tipping is becoming more common place. FYI this is in Melbourne. + +EDIT: probably should have mentioned I’ve only been in melb a few years. In any case - the general vibes are: +- Tipping when it is expected is not the norm. +- Tips in the form of cash to the waiter/waitress if they went out of there way, otherwise 0% at the till. +Hi everyone, + +I thought I'd share my recent experience searching for a new job. If I was better with spreadsheets maybe I could have done some visualizations. + +&#x200B; + +**My Background** + +* Age 27 & living in Sydney - Applying for roles in Sydney +* Australian Citizen - Born/raised in Sydney +* Bachelors Degree in Business Information Systems +* Working in a very large (10k+ employees) company since 2016 and have previous work experience during uni +* Applying for admin type roles - Admin Assistant, Team Assistant, Executive Assistant or similar + +I've been looking for a new role for a while as I really didn't enjoy what I was doing previously. I was a BA in IT, but mid last year I was able to move internally in my company into an admin role. + +I've been applying for jobs on and off for about a year and a half now (Also applied to uni but decided not to go through with it), but only starting tracking seriously in around January 2021 when I didn't get into the course I wanted and so got serious about needing a change. + +&#x200B; + +**Application Outcomes** + +* *Applications made between 10/01/2021 and 12/03/2021.* +* *Applications were for roles primarily in the Sydney CBD, North Sydney and Western Sydney* +* *The organizations were varied and included Government, Finance, Insurance, and Legal services.* + +|||| +|:-|:-|:-| +|Total Applications|39|| +|Rejected - No Response|17|| +|Rejected - Response|18|| +|Rejected after additional screening|1|| +|Interviews Offered|3|| +|Positions Offered|2|| + +&#x200B; + +**Response Times** + +|||| +|:-|:-|:-| +|No Response|17|| +|Shortest Response Time|Same Day|| +|Longest Response Time|36 Days|| +|Average Number of Days|16 Days|| +|||| + +&#x200B; + +**Salary Advertised (Including Super)** + +*I only applied for roles where the advertised salary was above 60k, or I believed it would be lower. I did see some ridiculously low advertisements such as 30k for a Full Time role aimed at a school leaver, or Assistant Type roles where you would be expected to book their personal holidays on your weekends and use a specific coffee machine...* + +*\*When I say low and high, I am referring to the advertised salary range.* + +|||| +|:-|:-|:-| +|Advertised salary|22|| +|Did not advertise salary|17|| +|Average Low\*|$71,800|| +|Average High\*|$78,380|| +|Average Salary|$75,075|| +|Median Salary|$74,000|| +|||| + +&#x200B; + +**Offers** + +|Job 1|60k (inc. super)|Declined this as I felt the company was too small so there wouldn't be career growth. I'd only been applying seriously for around 2 weeks at that point so I thought something else would come along.| +|:-|:-|:-| +|Job 2|80k (inc. super)|Accepted this role.| + +&#x200B; + +**Summary** + +* Could I have applied for more jobs? **Absolutely**. I have anxiety and some weeks it just felt like rejection after rejection so I stopped looking. I got rejection emails for at least 2 different jobs twice. Some days, especially in January there would just be no good jobs advertised. +* The 3rd interview I went to, I withdrew at the end of the interview. Wasn't the right fit for me, but the interview was good experience. +* Going back through my inbox I have for job applications, 94 appear to be dated 2020. I remember going to a video interview for one during the first Covid lockdown, and they ghosted me afterwards. I don't have any data on those about salary or when I got responses back so I've just used the stuff I actually tracked recently. There would also have been 2-3 applications internally with the organisation I'm now leaving. + +&#x200B; + +**TLDR;** Applying for jobs is the worst and I really hope I don't hate my new job. I hope my data is mildly insightful. +I think it's technically been 10 years that we've been paying on them; but after we changed from standard repayment plan to a graduated repayment plan it reset our 10 year clock. That being said, we weren't scheduled to pay them off until the end of 2022. + +I've felt so weighed down by these loans for YEARS because all our money went to them and we haven't been able to do anything else that feels like an advancement or betterment in our lives. Any bonus, tax refund, raise... went to the student loans. + +Because we were on a graduated repayment plan, our payments went up every 2 years. I knew it was important to get ahead of the interest curve (cause like those first 4 years we paid pretty much ALL interest, and barely anything on the principal balance... just spinning wheels). So I got in the habit of rounding up on the payment. If the payment was $326, I'd round up to $350. If the payment was $456, I'd round up to $500, etc. + +We had a total of 12 loans, with fixed interest rates ranging from 4.5% to 6.8%; and we used the snowball method. We organized the loans by interest rate, then by balance. Higher rate, and lower balance took higher priority than high balance (same rate) or lower rate cause we could pay it off faster and roll that payment amount into the next loan on the list. + +Then last year we took in a boarder for our second bedroom, and that increased our income (technically but we end up paying for it with the higher utility costs as our electric, gas, water, and sewer usage increased and basically devoured the 'income' as I begrudgingly found out when doing taxes this year) BUT I could budget those expenses in smaller amounts over the year and this gave me a chunk every month that I could throw at the student loans (an extra $6,000 since last August iirc). Without that extra income, I wouldn't have been able to pay this off so early. + +I also had a spreadsheet that I used to keep track and make sure we knew where our money was going and to help me plan the best way to attack the loans. When I ran a scenario with the extra income and saw that the loans would be paid off by 10/31/20 (our anniversary!!!) it really motivated me to make sure that happens. Then COVID hit and interest was waived (boon for us) and we were still earning income (another boon for us); but we used that to our advantage. I've made poor choices if you compare to what r/personalfinance would recommend (like I don't have much of an E-fund, and our CC debt is outrageous -- mostly cause I was sick for over a month with non-COVID stuff and was out of work so we used the CC to keep us afloat until money came in again); but I feel comfortable with the choices I made. + +In the end, we paid a little under $65,000 for a $45,000 beginning balance over 10 years. By the end of the graduated payments, it was costing us more than our mortgage each month. + +I paid the last of it last night and it was... I don't want to say disheartening... just not as life changing as I thought it would be. I still have a lot of debt which I will now be using the freed up money to address. I'm hoping I'll be out of debt (minus the mortgage) in 18-24 months. We've already set a new goal of saving up to remodel the house cause it's a 'fixer upper'. + +Idk if any of this story will help anyone. But come celebrate with me. One less GIANT weight. +Swaggy's IV Report - Stocks Under 50 BUCKS with HIGH Implied Volatility + +Ticker | Market Cap | Stock Price | IV (%) | Next Earnings Date +:--|:--:|:--:|:--:|:--: +MARA - Marathon Patent Group Inc|523M|$8.30|219%|N/A +RIOT - Riot Blockchain Inc|725M|$10.86|209%|N/A +AMC - AMC Entertainment Holdings Inc - Class A|303M|$2.78|192%|N/A +DGLY - Digital Ally Inc.|70.9M|$2.65|148%|N/A +LAZR - Luminar Technologies Inc - Class A|991M|$24.89|145%|N/A +FUBO - fuboTV Inc|2.01B|$29.55|139%|N/A +BLNK - Blink Charging Co|1.02B|$31.41|138%|N/A +SBE - Switchback Energy Acquisition Corp - Class A|1.1B|$35.53|133%|N/A +ACB - Aurora Cannabis Inc|1.39B|$9.88|131%|N/A +SRNE - Sorrento Therapeutics Inc|1.85B|$7.07|131%|N/A +CODX - Co-Diagnostics Inc|302M|$10.73|126%|N/A +JMIA - Jumia Technologies Ag - ADR|0|$39.73|125%|N/A +TLRY - Tilray Inc - Class 2|1.25B|$9.34|121%|N/A +NKLA - Nikola Corporation|6.53B|$16.95|121%|N/A +GME - Gamestop Corporation - Class A|966M|$13.79|119%|N/A +RIG - Transocean Ltd|1.49B|$2.43|117%|N/A +APHA - Aphria Inc|2.4B|$8.06|114%|N/A +NIO - NIO Inc - ADR|46B|$44.48|113%|N/A +CRSR - Corsair Gaming Inc|3.44B|$37.09|111%|N/A +HYLN - Hyliion Holdings Corporation - Class A|2.58B|$16.74|110%|N/A +WKHS - Workhorse Group Inc|2.56B|$21.30|108%|N/A +PLTR - Palantir Technologies Inc - Class A|38.1B|$25.98|105%|N/A +APXT - Apex Technology Acquisition Corp - Class A|508M|$14.00|103%|N/A +XPEV - XPeng Inc - ADR|0|$47.28|99%|N/A +GRWG - GrowGeneration Corp|1.43B|$38.67|95%|N/A +SPCE - Virgin Galactic Holdings Inc - Class A|6.07B|$25.98|94%|N/A +PLUG - Plug Power Inc|11.8B|$28.41|94%|N/A +BBBY - Bed, Bath & Beyond Inc.|2.5B|$19.80|90%|N/A +CNK - Cinemark Holdings Inc|1.89B|$16.02|89%|N/A +HOME - At Home Group Inc|1.04B|$16.03|86%|N/A +UPWK - Upwork Inc|4.55B|$37.45|84%|N/A +APPS - Digital Turbine Inc|4.32B|$48.73|82%|N/A +CRON - Cronos Group Inc|2.89B|$8.13|82%|N/A +COTY - Coty Inc - Class A|5.22B|$6.86|81%|N/A +CCL - Carnival Corp. (Paired Stock)|24B|$21.75|79%|N/A +AAL - American Airlines Group Inc|10.2B|$16.84|77%|N/A +NCLH - Norwegian Cruise Line Holdings Ltd|5.47B|$25.43|76%|N/A +LL - Lumber Liquidators Holdings Inc|924M|$32.15|72%|N/A +SAVE - Spirit Airlines Inc|2.56B|$26.30|71%|N/A +M - Macy`s Inc|3.19B|$10.33|71%|N/A +PRPL - Purple Innovation Inc - Class A|1.71B|$27.94|71%|N/A +OXY - Occidental Petroleum Corp.|18.1B|$19.39|70%|N/A +X - United States Steel Corp.|4.05B|$18.45|70%|N/A +CGC - Canopy Growth Corporation|9.82B|$26.48|67%|N/A +IQ - iQIYI Inc - ADR|13.2B|$18.34|65%|N/A +RKT - Rocket Companies Inc Class A|2.58B|$22.55|62%|N/A +UAL - United Airlines Holdings Inc|13.5B|$46.02|61%|N/A +NOK - Nokia Corp - ADR|2.62B|$4.00|58%|N/A +GLUU - Glu Mobile Inc|1.65B|$9.61|56%|N/A +HUYA - HUYA Inc - ADR|352M|$20.21|56%|N/A +BIG - Big Lots Inc|1.72B|$46.38|56%|N/A +CLDR - Cloudera Inc|3.97B|$12.73|56%|N/A +PSTH - Pershing Square Tontine Holdings Ltd - Class A|5B|$24.98|55%|N/A +DAL - Delta Air Lines, Inc.|26.2B|$41.10|54%|N/A +HAL - Halliburton Co.|17.8B|$20.28|54%|N/A +LYFT - Lyft Inc Cls A|15.4B|$49.91|54%|N/A +LB - L Brands Inc|10.8B|$38.63|53%|N/A +DISH - Dish Network Corp - Class A|16.6B|$31.20|53%|N/A +GPS - Gap, Inc.|7.61B|$20.25|52%|N/A +MGM - MGM Resorts International|15.3B|$31.05|51%|N/A +TEVA - Teva- Pharmaceutical Industries Ltd. - ADR|11.3B|$10.37|50%|N/A +FEYE - FireEye Inc|3.3B|$14.50|49%|N/A +PBR - Petroleo Brasileiro S.A. Petrobras - ADR|23.7B|$11.28|48%|N/A +UAA - Under Armour Inc - Class A|7.42B|$17.45|47%|N/A +DBX - Dropbox Inc - Class A|7.43B|$23.52|47%|N/A +ZNGA - Zynga Inc - Class A|10.3B|$9.51|43%|N/A +VALE - Vale S.A. - ADR|89.6B|$16.95|43%|N/A +ICLN - BlackRock Institutional Trust Company N.A. - BTC iShares Global Clean |3.47B|$25.08|43%|N/A +GE - General Electric Co.|95.7B|$10.91|43%|N/A +LUV - Southwest Airlines Co|27B|$45.73|43%|N/A +PCG - PG&E Corp.|23.9B|$12.08|42%|N/A +WFC - Wells Fargo & Co.|123B|$29.75|42%|N/A +ALLY - Ally Financial Inc|12.8B|$34.37|42%|N/A +BP - BP plc - ADR|73.7B|$21.88|40%|N/A +F - Ford Motor Co.|35.3B|$9.05|40%|N/A +WBA - Walgreens Boots Alliance Inc|34.9B|$40.44|40%|N/A +ARKF - ARK ETF Trust - ARK Fintech Innovation ETF|1.39B|$49.45|39%|N/A +XOM - Exxon Mobil Corp.|185B|$43.73|38%|N/A +GM - General Motors Company|59.3B|$41.52|38%|N/A +PFE - Pfizer Inc.|210B|$37.91|37%|N/A +GOLD - Barrick Gold Corp.|41B|$23.07|37%|N/A +DB - Deutsche Bank AG|22.6B|$10.95|37%|N/A +WMB - Williams Cos Inc|26.4B|$21.77|35%|N/A +FOXA - Fox Corporation - Class A|16.9B|$28.46|35%|N/A +HSBC - HSBC Holdings plc - ADR|109B|$26.69|32%|N/A +HPQ - HP Inc|30.9B|$24.11|32%|N/A +BAC - Bank Of America Corp.|248B|$28.74|31%|N/A +FIT - Fitbit Inc - Class A|1.76B|$7.20|30%|N/A +BK - Bank Of New York Mellon Corp|35.9B|$40.55|28%|N/A +T - AT&T, Inc.|216B|$30.30|25%|N/A +KR - Kroger Co.|24B|$31.00|25%|N/A +MO - Altria Group Inc.|80B|$43.12|23%|N/A +WORK - Slack Technologies Inc - Class A|20.8B|$42.58|22%|N/A +CSCO - Cisco Systems, Inc.|189B|$44.78|22%|N/A +Fucked up and bought something I didn't understand, decided to stick with it and keep buying on the way down. Have invested 8k over the last few months sitting at an average price of $12.77, currently down 40%. Annotated graph to show where I bought in. + +&#x200B; + +https://preview.redd.it/iyjlc7piem291.png?width=1134&format=png&auto=webp&s=b850139a9055b241fc01caf25ae39d0c5afaff41 + +I still don't know much about the company other than its price is somewhat tied to the price of crypto. Not too upset about the loss as I'm still young and new to investing, so I'm considering it a cheap lesson in the long run. Stock is still really volatile so I'm not sure what to do now though. I don't know much about crypto but I'm fine with holding on to some of my GLXY regardless of what happens. When I bought in a few days ago my plan was going to be to baghold but now I'm thinking I might want to take out some of my position. I'm considering selling half my shares and buying TEC since that has been down the past few months as well. Still open to holding forever though because I'd be fine loosing all the money as well. What would you guys do? +I was already 90 percent of the way done with Turbo Tax. We've done Turbo Tax for 13 years. This year they wanted $120 out of our refund just to file. We didn't even have anything complicated. I have heard this a lot this year though. We filed for free last year. + +Tried Credit Karma. It's basically like doing a manual TT W-2 and it was actually faster. When I couldn't get last year's return AGI from TT without PAYING for it, I went to the IRS website and got it. It took 5 mins. Don't give Turbo Tax your money. +I'm continuing to accumulate ETH at these levels. Why? Because there appears to be a divergence in the level of innovation / adoption that is occurring in Ethereum and the price of ETH. History tells us that such divergence is not sustainable, and that the price eventually catches up with that innovation / adoption. Much of that recent innovation has not yet yielded usable improvement to the Ethereum network, but this is likely to change in late 2018. I don't know when things will "snap back together," but **here are my thoughts on some potential near term "catalysts" that could cause price to catch up with these broader innovation / adoption trends:** + +1) **The release of Casper FFG / Hybrid PoW-PoS.** Remember when ETH went on that run in January, nearly 2x above and beyond the already 2x Thanksgiving pump? It was literally *right* after Casper hit the test net. Correlation does not necessarily equal causation, but I do believe this was a real factor in that rise. Casper FFG is expected to hit main net in late summer / early fall, and people are very excited about it. If it works, it will partially prove that PoS blockchains can work at scale, and deliver decentralization while minimizing energy consumption. It will also introduce Staking, which will turn ETH into an income-generating asset for Validators (5% per year + base asset appreciation)- possibly sparking institutional buying interest. And I believe it could create a big liquidity crunch, driven by those looking to accumulate up to 1500 ETH to be among the first Validators. + +2) **Working and impactful implementations of Plasma and/or State Channels (i.e., L2 scaling).** I'm keeping an eye on projects like Loom which hold great promise for providing super-scalable side chains as a service, but we'll need to see dapp providers actually use it to scale their operations in order for it to affect the price of ETH. Loom has uses for this tech already planned for some games (ERC-721 transactions via Plasma Cash on side chains), but I'd like to see others adopt it as well. Loom is planning to launch this functionality in June. We will also see several other projects hopefully make use of other implementations of Plasma Cash, Minimum Viable Plasma, and State Channels. + +3) **Dapps hitting main net.** Several dapps long being developed have recently gone live, like Maker, Digix, and Golem. Augur will be going live in July, and there may be many other long term projects announcing release dates soon. I believe that there are also many "stealth" use cases waiting to emerge from the EEA. No, not every party participating in EEA is going to deliver value, but with many hundreds of the world's leading organizations participating, there is *no way* that it yields nothing. I suspect some have some use cases ready to go (especially financial orgs), but they are just waiting for scaling of some form; *this is why I believe Catalyst #2 will actually induce #3.* And the codification of the [EEA architecture stack](https://entethalliance.org/enterprise-ethereum-alliance-advances-web-3-0-era-public-release-enterprise-ethereum-architecture-stack/) and other initiatives are steps in the right direction for encouraging main net deployments. + +4) **Tokenization of virtual and real world property onto Ethereum.** CryptoKitties started it with digital cats. Digix did it for gold. Maker's Dai did it for collateralized debt positions via smart contracts to create a stable coin not reliant upon fiat currency for its value. Circle's TrueUSD is now doing it for real USD, powered by smart contracts and verifiably backed by bank deposits. Many others are doing it for small-scale fundraising for real estate / property investments. And soon, we may see real world securities and other types of property / access rights secured on chain. I expect to see more and more virtual and real world property tokenized onto Ethereum. There is no other public chain in existence that is as suitable for this particular (and highly lucrative) use case, requiring maximum security. If you have to purchase this tokenized property via ETH and secure it via the Ethereum network, then this is very likely to boost the price of ETH. I think we'll see a surge of this activity in the latter half of 2018 / early 2019. + +5) **More waves of institutional buying.** ETH will benefit greatly from additional waves of institutional buying across crypto writ large. As the #2 crypto by market cap, with lots of good press and evaluation in recent days (even the Chinese government now says ETH is #1), I suspect many institutions will prioritize investment in ETH over many other tokens. Ethereum is still best positioned to become the super-dominant protocol for smart contract functionality. I believe we'll see at least one more of these waves during 2018, now that custody solutions from entities like Coinbase are coming online. + +6) **Regulatory clarity.** I don't expect much here in the near term, but any clarity in the US would be a massive tailwind for ETH. Personally, I think it is very unlikely that present-day ETH would be labeled a security by the SEC. But even if it were, I think the market would come to terms with it, and the clarity would encourage future development on the platform, cognizant of potential requirements / limitations. If they just labeled the ETH Pre-Sale as a security, then this could be a backhanded way of them saying that present-day ETH is not a security. Beyond the US, I think you will see more and more governments around the world legitimize ETH. Why? Because every smart government realizes that Ethereum could be a critical layer in the future of global finance, and the last thing they want to do is sabotage their country's ability to be a part of that coming revolution. + +**Longer term,** I'm keeping an eye on affordable privacy features (zk-SNARKS / STARKS; needed for enterprise adoption), Sharding (from initial to full implementation), full-PoS (Casper CBC), and truly mainstream "killer dapp" usage to be big drivers for future ETH price gains. + +We are a long, long way from the ETH story being over...we are maybe at the start of the second chapter of at least a five chapter story for ETH adoption. **The ETH of today is dramatically different from the ETH that is expected in 2+ years.** ETH is going to morph from utility token into staking token into maybe a store of value / de facto internet currency. + +Yes, competition is coming, but I don't think it will be particularly relevant in the near term. No other platform comes close to matching Ethereum's developer network effect. I will be keeping an eye on those competitors, but I don't expect any credible challengers to unseating Ethereum as the #1 smart contract chain over the next 12 months. + +If you're an investor, be smart and keep playing the long game. +Everything regarding NFT and a possible dividend at this point is pure speculation. Keep in mind to not be disappointed if the NFT things do not play out the way you imagine it. + +The most likely usage oft NFTs in the gaming industry will be to make digital products like games resellable. + +This would still be revolutionary and bullish AF for our company. + +Getting disapointed when the NFT thing turns out differently than expected has the potential to be the ultimate FUD. + +Just stick to the DD, buy, hold and manage your expectations. +Example. My canned green beans went from $1 to $1.50. I eat one daily . So I will spend $45 a month instead of $30. + I know I could try cheap brands, but I am not that poor yet, and I dislike eating . I am picky. +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 +It seems like wealth inequality is a contagious event. It seems that it first started in the USA, and it spread all over the world. Why is it that it seems that wealth inequality is happening all over the world when all the world has different economics, different economic policies, different currencies, and so on? +Any thoughts on the Porsche IPO? Good competitive play compared to TSLA? I feel that minus the software issues they have they have the infrastructure in place to scale quickly to electric production. Think that in the next few years we could see high quality electric vehicles. (BTW still more bullish on TSLA). +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: + +*** + +- Follow the Golden Rule. All other rules apply as well. Follow [this link](https://www.reddit.com/r/ethtrader/about/rules) to view the rest of them. The rules page is also linked in the announcement bar above. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +Thank you in advance for your participation. Enjoy! + +This is an interesting story and I'm curious what the motives are in what are already over priced markets like San Diego. In my area we had a wave of Chinese investors but that mostly dried up because of newer restrictions in Chinese law. More on the story here https://www.kpbs.org/news/2020/jan/07/organization-sues-treasury-department-reveal-shell/ +Welcome to the ETH Daily Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here. 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. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or support issues. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be reported and redirected to the /r/CryptoMarkets trollbox thread. To visit this thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +* For newcomers who have basic questions about Ethereum, you can find answers by visiting /r/EthereumNoobies or our [Ethereum Education](http://bit.ly/2rMAXmq) wiki page. + +* **[EXPERIMENTAL]** - To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +I’m a relatively new investor and brand new to ETFs. I’ve decided to run with XEQT for my RRSP portfolio. I’m looking for something I can just put bits of money into over the next 35 years and forget about it. + +I have one concern and maybe it’s a stupid question but XEQT is managed by a company? What if that company goes under what happens to the ETF ? +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Today I went to go buy a car I have been looking at for a while. It was listed at $21,000 and they offered me $5,500 for my trade so that would have made the cost $15,500... right? +Well they go about doing the numbers with the good cop bad cop scheme with the manager and come back to me with $425 a month for 72 months. I totaled that up and it was $30,600 and I'm like... what the hell. I asked them what the interest rate was 3 times and they looked at me like I was the dumb one. Granted I am a 24 year old woman, I know what an interest rate is. +Can someone check my math here, did they just try to offer me a 100% interest rate almost?? +I stood up and walked out of there without giving them another word. They have been texting and calling me but I am so appalled. + +Edit: Credit score is 580, trade in is paid off. Me and my husband bring in $4K a month. Also they tried to get me to not put him on there and only use my income because he has no credit yet. +I was looking at a brand new honda. They said a lifetime powertrain warranty was included. + +Thank you for everyone who gave me good solid advice. As for the people saying I should keep my car, I cant. It's a 2013 Ford focus and the transmission is shot. Ford says there isn't anything wrong with it. There is currently a class action against them. +I don't know why my credit is low. I paid off my last car with no late payments at all. I have a couple credit cards that I pay on and have never been late and some hospital bills that I refuse to pay. So I don't know. + +And to all of the rude people going through my comment history and harassing me, go find something else to do. +Sorry for going missing, I had to be up at 5AM to work! + +Some of these comments are making me feel like straight shit though. In my part of the country we don't make a lot of money. I'm a college educated certified CPhT not a fucking fast food worker. +First off let me say I appreciate all the love and responses to my posts. Some of you I am now trading with each day and watching as you become successful. That makes the effort of posting here worth it. + +I’ve seen one type of question asked repeatedly in my DM’s so I figured I would try to address it here. + +Some version of - + +*I want to make some extra money day trading, what are some quick ways to start?* + +Or + +*Can I Day Trade part-time? I just don’t have time/ability to do it everyday* + +Or + +*Is there some book/video/resource I can use to quickly get started trading?* + +The answer is, **No**. + +All of these are essentially the same question - *How can I make money with as little effort as possible?* + +And give me all the anecdotal stories you want about how you scalped EYES for thousands of dollars, or that simple set-up you exploit every now and then. I’ll counter those with stories of all the times I left a casino a winner and leave out all the ones where I went broke. + +Here’s the cold, hard truth - *Day Trading is really fucking hard.* + +I’m a successful day trader. I know and trade with several other successful day traders. Many of us gave up really good jobs to do this full-time. Why? + +Because being a successful Day Trader is one of the best jobs you’ll ever have. No boss. Your own set-up. No limit. And most importantly - once you get it right, you **never have to worry about money again**. Just consider that for a moment - as long as you have access to a computer and the internet, you have access to income. + +Ask yourself - how much time, effort, education and experience does it takes to get an average job with a decent salary. How hard do you have to work, the shit you need to put up with, just to have the security of that paycheck? + +If a mediocre job is worth all that education, time / effort. What would you give to have all that without the bullshit? To never be fired. To control your own destiny? Is that worth more effort than just watching a few videos? + +Being a successful Day Trader means you can count on those profits every month. They pay the bills, buy the house you live in and the car you drive. Your family depends on it. That means it’s not variable, you make money - consistently. + +The good news? It doesn’t take four years of college, and then 20 years working up the ladder at some company you hate. + +The bad news? You can’t do this part-time, you can’t quickly learn it and just start trading. There is no short-cut. + +Unfortunately to truly grasp this concept you need to ignore 95% of the crap out there. The “guaranteed” set-ups, the gap and go speed freaks, and most of the moronic indicators. + +Then you need to live and breathe trading. The successful traders I know, you know what they are doing when they aren’t trading? Looking at charts. Setting alerts. Working on their scans. + +To us - **this is our job** + +I have other posts detailing what you should do to get started. But this post is meant to make one thing clear - *this is a commitment*, a major one. + +If someone is suggesting a method to you that sounds really easy - it’s wrong. If you think you figured out a really simple system that makes money - it’s wrong. + +So yes, it can be done. And anyone with a decent brain and dedication can do it. + +It’s also as incredible as it sounds. + +But if you don’t realize that a reward like that takes an insane amount of hard work, you are just going to wind up losing a lot of money along the way. Stick to swing trading, or long term investing. Far easier, and meant to provide *supplemental* income. Day Trading is for people looking to make it their *primary* source of income. Obviously at first it won’t be your primary source, but that should be the goal. Treat it as the goal, and put in the work accordingly. + +Is this just a long post that says - This shit is hard, and takes a lot of work ? Yeah, but based on what I see here, it’s needed. It needs to be drilled into everyone’s head. Too many people are losing money because they are being told the opposite. + +*As usual Trolls will be treated with the respect they deserve - none.* +TL;DR at the bottom + +Hi guys, with the market rallying 20% from its "bottom", many people are expressing the sentiment that we should buy back into the market again because the "fed" or the "government" won't allow stocks to crash. + +We will for sure see unprecedented actions taken by the fed and the government because they have both the motive and the political capital to enact such policies. However, I think this is a misguided reason to believe the market is currently making its "real" rally. + +I am not not a permabear nor am I a permabull. I just try to objectively analyze the facts, apply a healthy dose of margin of safety, and then see if my conclusions are actionable. + +For example, I posted my thesis on why we will enter a serious global economic downturn on Feb 9th 10 days before it happened. At the time we were at the height of the biggest bull market in our history, and I had gotten a lot of attacks on my thesis leading up to me consolidating my thoughts: + +https://www.reddit.com/r/China_Flu/comments/f1fm6y/the_world_economy_will_enter_a_serious_downturn/ + +I continued adding more thoughts on things like the potential efficacy of Chloroquine 2 weeks before Trump announced it in a press conference and the media picked up on it, the potential collapse of American oil producers before the price war happened, casinos going under, helicopter money, bailouts, etc all before they were announced or the markets priced them in here: + +https://www.reddit.com/r/China_Flu/comments/fede69/continued_thoughts_on_the_global_economic_impact/ + +And finally I talked about an upcoming inflection point coincidentally moments before Trump first announced Chloroquine/Hydroxychloroquine and 2 trading days before the "bottom" of the market: + +https://www.reddit.com/r/stocks/comments/fleh7e/incoming_inflection_point_for_general_market/ + +So I'm perfectly happy to make bearish calls or bullish calls, they are dependent variables of independent and unbiased analysis. I hope I made a reasonable case for why I am not personally biased (although, for the sake of humanity, I do wish for progress and prosperity of course). + +I think the market rally is largely a mirage, and we are not getting correct pricings. The rally is probably driven by two main sources: + +- Capital displacement from monetary action + +- Incorrect earnings modeling based on improper historic precedent. + +So the capital displacement is relatively simple: If you're seeking shelter in "risk free" investments that has some yields, you're now competing with a buyer (federal reserve) that prints hundreds of billions up to whatever it wants. They're literally squeezing out capital from the finite treasuries. + +If you want riskier high quality corporate bonds, the fed will be there. + +If you want even equities, you're going to face competition for them in the future. At least that's what former chairwoman Jenet Yellen recently said about the possibility of expanding their powers to buy equities. + +So money is getting squeezed into a smaller and smaller relative portion of the financial markets, and the artificial demand is driving yields down and prices up. I could write a whole thread about this, but let's stick with the explanation of price movement. + +The second main reason for the recent rally is from institutional investors who are incorrectly modeling earnings/yield of equities. So the logic here is: trillions are injected into the economy (fiscal injections), those trillions will become earnings for companies at some multiplier of the original stimulus over x amount of time, and if we add this number to the unstimulated estimated earnings, we can model future earnings. + +My issue with this model, is on two main assumptions: + +The first assumption is the length of disruption caused by the threat of this virus. + +This virus is not going to stop its serious disruption of behavior from economic actors. Especially not in a country like the US where the majority of people have a massive financial disincentive to seek out healthcare. Here's my logic: + +For months I've been praising the governments and response of South Korea, Singapore, and Taiwan. With Taiwan being the absolute best at handling the virus. However, I have also been using them as my leading indicators for how the virus will progress and affect economic actors. What I have seen developing lately is not good. + +Singapore is now calling for a shutdown, after they initially did a herculean job of containing their outbreak. I had hoped that they would develop procedures (that we can copy) needed to run an open economy while the threat of the virus looms in the background. But that is not what has happened. Instead, we are seeing growing numbers of new clusters forming, and quickly getting out of control. They are tightening and shutting down their economy rather than opening up more. This is our leading indicator. A government far more responsible and effective than us is resorting to shutting down. + +Taiwan is faring better, but only because of their prohibitive ban on almost all foreign travelers (this is obviously devastating to their tourism sector and broader economy). Their economy and society remains open, with many if not most people having hardly any interruptions to their lives (aside from mask wearing). They are one of only 3 countries where all children are still going to school. However, even their economy is faltering as they try to balance the prohibitive actions needed to contain the virus and the economic need to keep things open. They are proposing an unprecedented stimulus/rescue package to bolster their economy. And I think it's a safe assumption that if they ever do open up to foreign travelers again, especially with covid19 having proliferated as it already has, then they will have to deal with massive outbreak clusters all over their island. + +South Korea, which has probably the relatable and relevant model for us to copy, has recently extended its social distance campaign. South Korea is a far larger nation than Singapore or Taiwan. They have a climate similar to Seattle/New York. They had a major outbreak in Deagu but didn't shut their country down. They never even banned Chinese travelers, yes, they had Chinese tourists in their country while the outbreak was happening. They were among the first to widely use Hydroxychloroquine/chloroquine as a treatment for Covid19. They had among the lowest fatality rates. They contained their outbreak without shutting the whole country down. + +Even South Korea can't truly return to normal and open their economy up. + +So why, in our incredible American exceptionalism hubris, and far less competent leaders, do we believe we're going to come anywhere close to normalcy in the near future? + +Let's look at the next assumption, that fiscal stimulus would end up as earnings for companies. There's no doubt some will end up as earnings, but only a small fraction of what is being modeled by those on Wall Street. + +The average American don't even have $1000 in emergency funds, do we expect them to return to their normal consumption habits when they risk having hospital bills multiples of $1000 just from walking past the wrong person? Do you think Americans, as much as they love to spend, aren't going to put some of that stimulus check in their emergency funds rather than contribute it to the earning of some companies? Sure, there will be some "forced" spending of the money (food and necessities), but if anyone is modeling the multiplier effect from previous data, then they really don't appreciate how different this virus makes things. Even in the GFC, laid off people didn't really worry about the heightened threat of being hospitalized. + +Finally, some investors believe the Fed and the government literally will do anything to keep the numbers up. If this is true, you should be buying silver (or gold), not stocks. + +Monetary actions can be reversed relatively easily. They are far more dynamic tools. Fiscal actions are not. You put money in the hands of spenders, that money is gonna circulate. And you really don't have an easy way of reversing that. If we think the government is going to keep handing out stimulus checks, grants to businesses, and other fiscal stimulus, then the inflation predicted from the GFC will come true for this crisis. + +The fall out of inflation will be difficult to truly understand. But I do think inflation will be disruptive enough to the economy that inflation hedge assets will outperform other assets at least in the short term. For example, if inflation goes to 5%, who's going to lend to companies for less than inflation? With costlier debt, equity yield goes down, and again, what investor wants yields less than inflation? Inflation is going to cause all kinds of disruptions. I think the disruptions will come down to less liquidity (credit will vanish with uncertain inflation) and higher economic friction (less efficiency). + +So if the response to why the market has to go up is continuous fiscal (and some monetary) actions to prop up spending and earnings, then the question is how will fiscal actions be reversed? How do we get that money out after things go back to "normal"? + +I think if we see equities rise from here, it'll be reflective of inflation rather than inflation-adjusted earnings. Silver would be the play here. + +I have a lot more thoughts on this, especially on the time it takes to turn the gears of the financial system and why the inertia is moving us deeper into global recession, not out of it, but I'm running out of time and must end here. + +**TL;DR this is a fake rally, and if anyone really expects prices to continue rallying, buy silver instead** +I'm going to be inheriting about $100,000 in 2 years, maybe more (coming in the form of land which will immediately sell as I cannot afford the taxes for the land). I currently have 0 idea of what to do with the money. Obviously lavish thoughts of new car, move out/get an apartment or buy gifts for people but these are obviously not the most responsible use of this money. I'm 21M finishing school next spring (spring '22). Thank you. + +&#x200B; + +EDIT TO POST: People are asking for details on the land: It's land in northern California that was hit by the fires (killing my grandfather, reason for inheriting). The location of the land is really good, appraised at $400k by the county (so i'm estimating \~$300k value potentially), and the money is split between me and my brother. Already have offers of $200k so that's $100k lowball for each me and my brother. + +I'd like to clarify I do not plan to go splurge, I have dreams of doing so but that's all they are, dreams. New car is most likely option but maybe only eventually. Leasing out the land is virtually impossible since I do not even live in the state that it's located and going through those motions is too much stress/effort for me to put into that living literally across the country. + +My favorite suggestion is taking a small % of it for self splurge (10%-15%) and splitting the rest up into savings and investment. + +Edit 2: The land IS mine, it is in an already signed trust, I just do not legally receive responsibility/ownership until I'm 24 (roughly 2.5 years). + +Last Edit: Thank you for all the tips/recommendations! I really appreciate it, and definitely have way more of a solid idea/base of what to do with this "windfall" once I receive it. To clarify one last thing, "new car" I mean "used-new to me" as I am well aware of the ridiculous price difference in used/new cars. + +Again thank you guys for everything, I really appreciate it and now have multiple facets of investment to look into and see what is most appealing for me. +***TLDR: This post is my attempt to make people outside reddit see what we see and what we know and how MSM makes people blind to the reality.*** + +Today again Gamestop is +20% on no news. 10 consecutives green days while market is bleeding. Starting asking yourself why. What's the relation between GameStop and other "meme" stocks ? How uncorrelated business have their stocks swing up/down closely ? + +We'll cover the 3 main arguments from MSM: + +1. Gamestop is sinking +2. Gamestop has no plan +3. Gamestop short squeeze has already happened + +&#x200B; + +If you want to understand these issues and much more, please visit [https://www.reddit.com/r/Superstonk/](https://www.reddit.com/r/Superstonk/) and we'll glad answer all your questions! There is a lot of good information at [https://gmedd.com/](https://gmedd.com/) if you want to read more. + +&#x200B; + +&#x200B; + +To get started and understand the GameStop saga: + +**Gamestop - A Long Story Short** + +An overview of what is happening with GME + +[https://www.youtube.com/watch?v=JGWN1-I8Kac&feature=emb\_imp\_woyt](https://www.youtube.com/watch?v=JGWN1-I8Kac&feature=emb_imp_woyt) + +**The problem of stock Market** + +Jon Stewart explaing the shady business model of wall street. + +[https://www.youtube.com/watch?v=bP74RBTE8kI](https://www.youtube.com/watch?v=bP74RBTE8kI) (if you don't have time go to 6:50) + +If you can, watch: Gaming Wall Street [https://www.youtube.com/watch?v=ViEKPjkjEWI](https://www.youtube.com/watch?v=ViEKPjkjEWI) + +&#x200B; + +&#x200B; + +**Here the main points of what MSM says and what a research of thousands people tell us! Critical thinking people, we don't want to trust blindly, do your own research!** + +&#x200B; + +&#x200B; + +*MSM: Gamestop sinking, loses CEO and c-suits:* + +[https://www.reuters.com/business/gamestop-ceo-george-sherman-resign-2021-04-19/](https://www.reuters.com/business/gamestop-ceo-george-sherman-resign-2021-04-19/) + +**Reality:** Executives weren't able to manage well Gamestop.Sherman has experience in brick and mortar business. + +With Ryan Cohen: + +1. Gamestop paid all its long term debts in advance ([https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0)) +2. Build new team from big tech companies ([https://i.redd.it/gd9evwxthht71.jpg](https://i.redd.it/gd9evwxthht71.jpg)). Hired dozens of people with experience in blockchain gamin, ecommerce and technology, product refurbishment and operations. +3. Raised almost 2 billions in capital(ended 2021 with \~1.3 billions) ([https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-year-2021-results](https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-year-2021-results)) +4. Expanded fulfilmment network ([https://news.gamestop.com/news-releases/news-release-details/gamestop-continues-expansion-fulfillment-network-new-facility](https://news.gamestop.com/news-releases/news-release-details/gamestop-continues-expansion-fulfillment-network-new-facility)) +5. Gamestop is leading the race to NFT market (1) with partnership with ImmutableX (2) and Loopring (3)using L2 which reduces transactions costs (L2 explained: (4)) + 1. Gamestop marketplace - [https://beta.nft.gamestop.com/](https://beta.nft.gamestop.com/) + 2. [https://news.gamestop.com/news-releases/news-release-details/gamestop-forms-partnership-immutable-x](https://news.gamestop.com/news-releases/news-release-details/gamestop-forms-partnership-immutable-x) + 3. [https://medium.loopring.io/gamestop-nft-marketplace-powered-by-loopring-l2-6cdb9289d937](https://medium.loopring.io/gamestop-nft-marketplace-powered-by-loopring-l2-6cdb9289d937) + 4. [https://www.youtube.com/watch?v=d7ulxd3R97E](https://www.youtube.com/watch?v=d7ulxd3R97E) +6. Expanded products catalog and partnership with PC gaming companies: Lenovo, Corsair, Alienware +7. Fast and free shipping in orders over #35 +8. and much more! + +&#x200B; + +&#x200B; + +*MSM: Gamestop has no plan:* [*https://www.youtube.com/watch?v=6Doa6PsSOM4*](https://www.youtube.com/watch?v=6Doa6PsSOM4) + +**Reality:** Ryan Cohen is well known to not show his cards to the competition for nothing. He works and delivers what needs to be delivered and he showed and proved with Chewy. + +As we could see above, Gamestop is evolving to be a technology company, improving its presence online, improving their brick and mortar stores to not only sell products but sell experience. + +On top of that, Gamestop is working hard in the NFT marketplace ([beta.nft.gamestop.com](https://beta.nft.gamestop.com/)). + +**One thing is sure, they DO HAVE A PLAN. They won't tell to their competitors what they are doing but things are moving AND FAST!** + +&#x200B; + +&#x200B; + +*MSM: The short squeeze already happened.* + +Reality: Accordingly to SEC report, the January runnup was due to the retail. ([https://www.reddit.com/r/Superstonk/comments/qb423e/unpacking\_the\_secs\_gamestop\_report\_and\_how\_it/](https://www.reddit.com/r/Superstonk/comments/qb423e/unpacking_the_secs_gamestop_report_and_how_it/)) + +1. SEC Official report: [https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) +2. SEC short interest >100% [https://www.reddit.com/r/Superstonk/comments/qavgl5/biggg\_gme\_is\_the\_only\_stock\_that\_staff\_observed/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qavgl5/biggg_gme_is_the_only_stock_that_staff_observed/?utm_source=share&utm_medium=web2x&context=3) +3. Short interest is self-reported and if mis-reported, they paid only small fine. For hedge funds it's considered costs to make business. +4. Short fees are rising (from <1% to +25%) + +There is no evidence that short were closed. Actually there are plenty of evidence that hedge funds are hiding short positions in ETFs and others mechanisms. There is a lot discussed and if you are interested, read the articles in DDs section. + +&#x200B; + +Conclusion + +So the quick answer for questions in the title is that MSM is misinforming people because hedges funds shorted GameStop and didn't and can't cover. So it's in their best interest that the Gamestop's shares decrease in price to buy them back. + +People are buying share and direct registering them which makes shares harder to borrow. Borrow fees went from <1% to +25%. + +&#x200B; + +EDIT: Added conclusion + +EDIT2: Thank you u/Conscious_Student_37 to point some english errors. + +&#x200B; + +Please I don't need any rewards use your money to buy stocks! I'm not looking for karma (I don't even know why do we need karma, I created this account to be able to participate in March when I bought my shares)... Whatever. + +**I want people be able to find this article when searching on google, that's all!** +2 weeks ago, I sold a Tesla call credit spread. It rocketed after hours and I was in the money. Fortunately, TOS closed the position for me and limit my loss. + + +I posted my experience here and people were advising me to always close positions even if it was only 50% profit. + + +This week, I sold fb and Amazon put credit spread. On Thursday, I heeded the advice and closed both at about 50% profit. Both stocks tanked on Friday and I would be in the money if I had not closed them early. + + +I have added this step of closing early to my “process map” so I will trade without any emotions. Thanks to everyone who advised me and helped me dodge a bullet. Deeply grateful. +I hope you all are watching NotSafemооn closely. It is one of those use case projects that take some time to get started. But after an initial pump and selloff, goals start being met and the community flourishes. That is where NotSafemoon is currently headed. But please, first DYOR: + +[CoinGecko](https://www.coingecko.com/en/coins/notsafemoon/) | [Website](https://notsafemoon.com/new/index.html) | [Technical Analysis](https://notsafemoon.com/new/public/docs/MoonCoinsTA.pdf) | [Cryptogencia](https://cryptogenica.medium.com/liquid-pretense-exposing-automatic-liquidity-generation-in-safemoon-and-similar-cryptocurrencies-421677de589f) | [Price Dump Prediction byrdeBot](https://twitter.com/NotSafeMoon) | [Telegram](https://t.me/NotSafeMoonOfficial) | [Discord](https://discord.com/channels/831738911700287508/831738912514375702) | [Subreddit](https://www.reddit.com/r/NotSafeMoon/) | [YouTube](https://www.youtube.com/channel/UC4YPXMq5SMXBeXyStGPhekw) | [Buy on Pancakeswap](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x337e35Ed5B38D5C7Ec9F8d7cF78fe7F43d7DEC6F) | [Chart](https://www.dextools.io/app/pancakeswap/pair-explorer/0x357f9cd8f2749a31119c3e32729965ca56f4cbd8) | [Moon Dashboard Demo](https://www.youtube.com/watch?v=YyWAWGd89Ac) + +The unveiling of some of the free features of the moon analytics dashboard during a [dashboard demo/AMA](https://www.youtube.com/watch?v=YyWAWGd89Ac) video has brought some fresh interest to the project but it is nothing serious yet. Investors and the team is working together on the marketing strategy both leading up to and during v1 launch of the dashboard this month. Already some new face helped them get listed on CG when no one could figure out **why the project was being held** up! No bribes given here! CMC Sооn! Yesterday, the developer Ryan uploaded the video. There are so many features that it is hard to believe this will be the FREE version available to anyone! The dashboard connects directly to the blockchain using your wallet (MetaMask, etc.) + +\-Checks the balances in real time for all your "mооn" coins in one spot. HODL'rs of NotSafeMооn will have access to advanced analytics built on top of the same system running **byrdeBot**, the Price Predicting Twitter Bot. +\-View reflection gains, liquidity pool reserve balances, fee and reward exclusion data, "mооn" dev token and LP token balances, estimated time until a tokens liquidity dump, 'true' burn rate, and much more! Also shown in the video is the Bug Detector which will check any tracked token for an exploit which allows a dev to regain ownership of a renounced contract. +\-More bugs will be continuously added to the detector, including the **flashloan exploit.** You can also easily link to the contract, buy link, and chart of any token being tracked on the dashboard. You can also **add your own custom tokens** which can instantly used with all these features. + +This not a FUD on any tokens, it is object data-based analysis and a genuine solution to correct replicated flaws that cost millions if not billions to investors throughout the DeFi ecosystem. You can see the proof in the [Technical Analysis](https://notsafemoon.com/new/public/docs/MoonCoinsTA.pdf) or, if you are not at all familiar with the LP issue, in the [Cryptogencia](https://cryptogenica.medium.com/liquid-pretense-exposing-automatic-liquidity-generation-in-safemoon-and-similar-cryptocurrencies-421677de589f) medium article. dyor. The [byrdeBot](https://twitter.com/NotSafeMoon) on Twitter already predicts these dumps on popular tokens 24/7. With the Mооn Dashboard, hodlers will be able to recoup some losses due to LP dumping! + +Today the project was *finally* listed on CoinGecko after a full month! We have seen plenty of memcoins listed in days or even before launch, so some serious thought needs to go into the future of these **centralized listing platforms** like CG and CMC. But whatever, CMC Sооn Bro!! Still a great time to buy at 74% below ATH. + +Please check out the project and community of NotSafemооn. I think the project has earned some DD. or just stay poor w.e but It's Safe, NotSafemооn. +We got our money back after two days! [http://imgur.com/gallery/lPjXhQt](http://imgur.com/gallery/lPjXhQt) + +If you are looking for information on what to do if your bank declines fraud purchases or your bank refuses to return your money, please read this so you can see what steps we had to take to get something done. + +I just wanted to post an update to anyone who followed along on my post last Thursday about the issue we were having with Bank of America declining some very obvious fraud charges and giving us the runaround for 180 days. For those not familiar with the situation, you can read up on it in detail here: [https://www.reddit.com/r/personalfinance/comments/ac96zf/180\_days\_later\_bank\_of\_america\_is\_refusing\_to/](https://www.reddit.com/r/personalfinance/comments/ac96zf/180_days_later_bank_of_america_is_refusing_to/) + +TLDR: July 15. Fruad on our debit card in Texas while we were in Illinois. 180+ days later, bank lies to my wife after repeated phone calls. I ask for help on reddit. It goes viral. You guys give big help. + +After posting on Thursday, I took the advice of several Redditors and took the several steps on Friday. Here is the timeline of events leading up to this being closed out. + +* **8:00am Friday:** Called Jonathan Stickland, my local Texas House Representative and left a message explaining the situation +* **11:00am Friday:** Submitted a complaint to the Consumer Finance Protection Bureau (CFPB - [https://www.consumerfinance.gov/complaint/](https://www.consumerfinance.gov/complaint/)) +* **12:00pm Friday:** My wife called me and told me Jonathan Stickland's assistant had called her to gather more information and said she would be making some calls to see what they could do for us. +* **4:00pm Friday:** Wife called me to let me know that someone from Bank of America's "Regulatory Complaints Department" had called her in regards to the CFPB complaint filed earlier in the day. He called at 10 minutes before his office closed and my wife didn't get the message until after. We planned to call Monday morning. +* **9:00am Saturday:** Wife wakes me up and says the money is back in the account as a "Misc Credit" +* **9:00am Today:** I call CFPB. They say the complaint is still open with the bank and they usually respond within 15 days. +* **9:00am Today:** I call the number left by BofA's Regulatory Complaints Department. Leave a voicemail. Wife calls him from work and leaves a voice mail +* **1:00pm Today:** We get a notification from Bank of America that the dispute is closed. We're done. We will wait until the notice comes in the mail before we shut our accounts and move. + +I hope that anyone else in our situation now or in the future can use this to get some fast results too. + +Thanks to everyone who commented with advice, their own stories, and kind words to keep me motivated throughout the process. +I may have an opportunity to move overseas where my housing would be paid for. My options are: +1. Keep my home and rent it out +2. Sell the home and strategically buy property elsewhere +3. Pocket the 300K equity and invest in an index fund or possibly have someone manage it + +Option 1 means I get to keep valuable Northern Virginia property which always does well. Additionally, I get to keep my home and it’s sentimentality. + +If I go with option 2, I’m thinking of buying property in Florida near the theme parks and have a management company run it as a short term rental. I’ll have a place to stay when I visit the states. Other option would be to buy my retirement home early (mountain cabin, lake house, or something?) and rent it out. Where would you buy? What are your strategies? + +With option 3, I could cash out at the height of a hot real estate market and not have to worry about being a landlord. + + +EDIT: Thanks for all the fantastic responses. The fact that there is no unanimous answer means that I asked a decent question which needs more research and soul searching. I hope this showed that there are different types of investors and that every situation is unique. +Fucking hell, apes. I just saw a ton of brigading on the employee sub after the compensation package news came out. For the love of humanity: + +* Do not go over to the employee sub and downvote users who are complaining about the compensation package. +* You do not need to explain to anyone over there how this is "actually a good thing." +* You are only making our community look like douchebags. They don't want you there. +* Let the news play out, and leave the employees in the employee sub alone. + +**Edit**: To the concerned Redditor that flagged my post for suicide risk, you're just making me DRS harder lol. + +To be clear, I'm healthy, happy, never gonna quit, and never once thought about doing so. + +**Edit 2**: I didn't want to add this edit, but the conspiracy apes just won't stop making comments without going and looking for themselves, so here it is: + +We live in a society, lol. Are we aligned against bots and shills? Certainly. But we are not an infallible herd of individual investors (fun fact: a group of apes is known as a "shrewdness of apes" heh). + +If you think bots and shills went over to the employee sub to downvote anyone who badmouthed the compensation plan, you need to step back from the hype train for a sec. + +If you think shills pretended for months that they were real apes by commenting positive things on superstonk, only to take this opportunity to go over to the employee sub in an effort to make us look bad by—seriously—telling them to go read the superstonk DD... well, you need to take a step back and think about how that makes any sense at all. + +I've made this comment several times below, but I'll repeat it now. Never attribute to malice what can be adequately explained by stupidity. Are there meltdowners over there? Hell yeah. But seriously, people... we shove bananas up our asses and you think everyone in this massive community is a stable zen ape? + +What's more likely: Someone got paid to pretend to be a real superstonk user for 6 months, only to go over to the employee sub today and brigade them to... come here and read the DD... OR, maybe some of our members got a little bit overzealous. + +This ain't 6D chess. Some community members broke the rules and this post is calling them back in, end of story. + +**Edit 2 rant over** +Original post: [https://www.reddit.com/r/AusFinance/comments/vyr2qx/im\_gonna\_be\_sick/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/AusFinance/comments/vyr2qx/im_gonna_be_sick/?utm_source=share&utm_medium=web2x&context=3) + +Thanks to everyone who reached out with advice or memes or just to check in. Someone actually called the my bank to ask them a question before messaging me which is a really nice thing to do for a stranger on the internet. + +I haven't slept much since the last post but we're getting somewhere. Three things happened in the last week: + +1. I asked for an extension on the settlement date. It came with a bunch of penalties which the bank has agreed to pay since it's their fault it took 8+ weeks on a single application (win!). +2. Unfortunately, there are many moving parts to this so changing banks last minute wasn't an option. I had to stick with St George due to the nature of some current assets. They wouldn't budge on how much they would let me borrow due to some recent policy changes (what...?). So I went ahead with the application anyway and received the unconditional loan approval. +3. As for being 300k short, I had to borrow it from people I know. Which I did not think I could do. It started with a bunch of awkward phone conversations to people I haven't spoken to in years... "Hey, listen, I'm looking to ***temporarily*** borrow some money. Can you help or do you know someone who can?"Wasn't going well. Still embarrassed but desperate times. A few more calls and I got a weird suggestion. Some context, my family helped a refugee family settle into Australia back in 2003. They came from Iraq by boat during the war. Turns out their son is rich now and him and his business partner loaned me $250k (no interest?!). No contract or anything either... but I wasn't going to question it. Looked him up, everything was legit. Apparently, the money is part of their deposit on building a high-rise apartment block.I sold some assets and added it to my emergency savings for 35k. I had 10k from an insurance pay out come in. And one morning I woke up to a notification that my 14yo sister had transferred me 5k from her part-time job waiting tables (which is really cute). + +So I got the house! + +And now that there are no deadlines, I can start the process of moving titles and assets to another bank that won't be so harsh. Then hopefully borrow the entire amount, pay everyone back, + +and never + +EVER + +do this again. + +EDIT: Lol guys. I didn't scam a teenager out of 5k. I didn't make her get a job at that age to give me money. I didn't even tell her about the situation. She works out of her own free-will at our uncle's cafe. She obviously heard about the situation and did something sweet to help. And it's pretty obvious that I'm going to pay her back first once my next paycheck comes in. + +Also, no pressure to 'believe' the story. The first post was just to vent. This post was by request. It'd be kind of weird if I was sitting at home making up stories to post anonymously. I gain nothing from this lol. Alright bye! +We have all heard that manual/discretionary traders at banks are being replaced by coders and algo trading is the future. However there doesn’t seem to be huge demand from the general trading community for algo trading- despite the existence of many no-coding needed algo trading platforms for non-programmers. Quantopian was hot for a while and fizzled out. Discretionary only brokers like Robinhood thrive. + +Does this seem to be an accurate view of the current state of the *retail trading world? Why hasn’t there been huge migration to algo trading if manual trading is supposedly outclassed and obsoleted? +I've been hearing trust me bros about brokers calling people asking to lend shares for crazy interest rates. Brokers stopping DRS transfers until after the split. And you're gonna tell me that a big short attack is coming when no one knows what will happen? They just want people to stop buying hoping to get shares cheap. There's clearly something going on in the background. + +They also tried the "you won't get the dividend if you buy before the split" fud. Fuck em. Don't let them off the hook. BUY HODL DRS FUCK THE HEDGIES + +"**If the dividend is 25% or more of the stock value, special rules apply to the determination of the ex-dividend date.  In these cases, the ex-dividend date will be deferred until one business day after the dividend is paid.  In the above example, the ex-dividend date for a stock that’s paying a dividend equal to 25% or more of its value, is October 4, 2017.** + +**Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date)."** + +TA:DR YOU WILL GET THE STOCK DIVIDEND AS LONG AS YOU BUY BEFORE THE EX DIVIDEND WHICH IS THE 22ND + +Record Date (18th) > Ex Dividend (22nd) + +[https://www.investor.gov/introduction-investing/investing-basics/glossary/ex-dividend-dates-when-are-you-entitled-stock-and](https://www.investor.gov/introduction-investing/investing-basics/glossary/ex-dividend-dates-when-are-you-entitled-stock-and) + +Edit: I just want to say that users that continually spread misinformation even after being offered the correct information should be banned. It's crazy that even in this post there are people who are spreading misinformation and won't stop after being shown the correct information. + +Edit2: IF YOU WERE HOLDING ANYTHING BACK TUES-THURS ARE THE DAYS THAT WILL HIT THE HEDGIES THE HARDEST +TLDR: It is important to actually read the notes within earnings reports and sec filings because they will help explain the numbers you see on financial statements. + +Hello all! While this is basic accounting for some, I understand that there are newer folks on this subreddit who may like to see something like this. So Amazon just put out their Q4/Full Year 2021 earnings and one of the crazy headlines you may see is the earnings per share (EPS) beat. Most of the estimates I saw ranged between $**3.50** \- $**3.90** for the EPS estimates for Q4 2021. It was a huge surprise when they put up a diluted EPS of $**27.75** for the quarter. To find the answer for why this was a huge beat I point you to the excerpt down below. + +>Excerpt from Amazon's earnings release today: +> +>*Fourth Quarter 2021* +> +>***Net income*** *increased to $14.3 billion in the fourth quarter, or $27.75 per diluted share, compared with $7.2 billion, or $14.09 per diluted share, in fourth quarter 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.* + +This is an example of the point that the net income is now fluctuating due to the paper value Rivian. Warren Buffett is not a huge fan of having to include this paper value in the net income because you end up with net income that was not truly booked in the sense that we think of making a profit. Sure Amazon could sell their Rivian stake for a good chunk of profit, but the holding itself won't generate cash flow on its own unless the start issuing some dividends, etc. + +Now for a new investor, this shows it is important to read the notes on earnings reports and/or the 10K or 10Q's for this very reason. Also, actually analyzing the financial statements to understand what each section is including. For a novice, they make look at this and think "hey Amazon suddenly sold a ton more and generated a ton of profit" which will cause you to overvalue their true profitability when going through your analysis. + +Thank you for the read and please let me know if I missed anything. + +Edit: In case the point of this post was missed....I am agnostic to these earnings. I was simply using Amazon's earnings as an example. +Can anyone provide some ACTUAL information on signs that we are headed towards a bear market? If so, what are people's thoughts on the market moving forward? + +Feel free to direct me to other posts or videos that discuss this topic. +I’m the classic case of missing so much of this bull market [or melt up] due to the widely warned perils of market timing. In late 2019, seeing all the over valuation signs and money printing going back before covid I was already largely in cash. I felt vindicated when the crash hit and I was 100% in cash. Then I felt pretty dumb when I only went in with around 20% of my powder in mostly growth and tech stocks at what ended up being exactly the bottom and was too cautious without putting in more. I didn’t expect and couldn’t believe the subsequent meltup up and bought some more stocks on the way up but I remain 70% in cash even right now. As I sit now, most of the other invested portion is in individual stocks with mostly March 2020 margin of safety, and two huge plays (by my standards) in BABA and GRWG just recently. Between these new buys and all this waiting I entertained myself and probably wasted $1000 on spacs and crap before those plays lost huge starting feb ‘21 and now they sit as bag holder reminders. + +This brings me to here and now. Confirmation bias sought, listened to Jeremy and all other bubble watchers and my value roots remain patient but my speculative side is grumpy we didn’t buy the dip on this last dip or deadcat bounce? + +They say the end of a bull market is when the last bear throws in the towel waiting for the irrational market to end during wild exuberance. + +I didn’t launch my bazooka these recent chances as I think the pain is just starting. I held out and I hope I was right because I been staying strong for so long and can’t keep missing gains much longer. I still have 70% in cash and keep reminding myself what happened if you bought the top in Japan. If you study that example it was a few years and like the 5th rate increase and totally different situation for that crash to finish. I know this is very different and they believe in the magic of modern monetary policy. Sometimes I question being so convicted while everyone else is crushing the gains, there are a lot of smart people who aren’t doing what I am. + +The plan is to hold out for the major asset bubble in the USA to deflate. Maybe it will all pay off as I’m more experienced now and ready to deploy my bazooka when the time finally arrives and I have the patience to keep waiting as it seems like it’s all playing out like I feared it would sooner or later. + +Is anyone else Still waiting? + +Staying Patient with my bazooka +- there are many like it, some are certainly bigger….. but this one is mine + + +1. Markets are predictable, the [**efficient market hypothesis**](https://www.investopedia.com/terms/e/efficientmarkethypothesis.asp) **(EMH) is wrong** in general or at least it is wrong on short time scales (from minutes to several days). There are many inefficiencies in the market that can be exploited.  +2. To trade successfully we don’t want to simply react to the market, we want to **predict** its behavior. +3. The majority of the methods (if not all) that try, based on a single asset time series, to identify entry and exit points are reactive and not predictive. They, at best, identify turning points (low and highs for example) in the time series but they are **always late** (delays due to noise filtering is a common cause) and have no predictive power. This also applies to pair trading.  +4. Understanding a related group of assets as a whole is a much more powerful trading strategy. This approach aims to capture changes of multiple assets relative to the others in the group. It is possible to find simple predictive metrics of performance that allow ranking **the assets in an order based on the predictive metrics**. The metrics then can be used to make a prediction on the important future behavior of the assets, again as a whole (for example relative returns in the near future). It is fundamental to demonstrate statistically that the predictive measure can indeed predict the asset's properties in time.  +5. By focusing on the behavior of the group instead of single assets we make a trade-off between capturing the price action of a single asset and how a group of assets organizes as a whole. This means we cannot predict the exact return of an asset (or in some cases even the direction) but we can **identify winners and losers relative to the group**.   +6. Start always from the simplest and intuitive metrics and the relationship between asset properties (the input data is mostly price and secondarily volume) and the quantity we want to optimize (cumulative returns, Sharpe, Sortino, and similar). Add complexity with caution (algorithms with more than 2 parameters are not ideal), **simple ideas from Machine Learning are fine**, black-box systems like intricate, multi-layers Deep Learning algorithms are not.  +7. Make the strategy **adaptive to ever-changing market conditions**. Use walkforwards methods vs static backtesting.  +8. **Continuously monitor** and characterize the trading strategy over time to identify possible problems and inefficiency and signs of alpha-decay. Quickly correct the problems and improve the strategy over time (after collecting enough data to make informed decisions).  +9. **Make several strategies compete with each other by “optimizing”** (using various methods) between them.  +A few years ago my wife bought us a scratch off map. That started our hobby of traveling and exploring every country in the world. We are far from complete but had to take a pause. Ever since Covid started we have been staying local to avoid risking spread. In the meanwhile I have been in search of new hobbies but haven't experienced the same spark that I get from going somewhere new and trying a new dish in an unknown land or learning a new language and practicing it with the locals. + + +Was wondering what are your fat hobbies and how you discovered it. +I am withdrawing like 20L to fund the real estate purchase. Should I be concerned? Would IT folks ask me an explanation on where did I spent that money? Thanks! +Looking for some insight into my current relationship. + +I'm not FAT or FIRE. I make around 150k/year and I’m a father. + +I grew up dirt poor, government housing, food stamps, etc etc + +My career is in a very good place but I think I'm close to hitting the ceiling unless I move into Director level roles. + +Now about my question. + +I met someone and we've fallen in love and all that jazz. + +Thing is, I can slowly start to tell that she's used to a certain lifestyle and her friends and family have made it evident to me that they're of a much higher social class than me. They didn't make it obvious but you can start seeing the signs. Multiple homes in the most expensive zip codes, trips around the world, the events they’re invited to, etc + +My girlfriend seems very down to earth and humble but there are signs of stealth wealth. + +To put it frankly, I'm starting to feel quite insecure at this point and I know therapy might be in order to make sure it doesn't sabotage what I have. + +She is quite traditional in the sense that she does not want to be paying for things we do, and I share the same views tbh so I end up paying for the things we do. + +I'm starting to notice that I can't afford the things she normally does. She has never made me feel this way at all and shows genuine interest and excitement doing whatever with me. So we end up doing "cheaper" versions I guess and from what I can tell, it seems completely fine with her and it doesn't phase her at all. + +But I'm finding myself trying to push myself to do more every time now. + +We've discussed finances and she's made it clear that she has a sizeable savings and is completely fine with my financial situation and reassures me it won't be an issue as we keep progressing towards marriage. + +I have child support payments and still spend a lot of time with my kids and take them on trips, but now I feel like money's tight trying to juggle everyone in my life. + +Seeing all the things her friends with significant others from similar social classes as them and the activities/trips they partake in, meanwhile I can't match anywhere close to that at least not for now, it does make me feel insecure tbh and it’s just growing stronger the deeper we get into this relationship. + +I find myself having to adjust her expectations and basically it feels like doing less because of my finances. + +I guess, it's hard to formulate my thoughts into one question, so if I had to ask one question it would be... + +How do I not fuck this up due to my own insecurities? +With all this fear going around about privatization, I am wondering how bad it will really get. Will we see a full US style system eventually? How will privatization affect other parts of the economy? Will taxes go down? Will employers start offering health insurance? Etc. +A couple years back I cosigned on a car for someone that I thought was dependable as a way to help them out. While we were close friends at the time, we now have not spoken in over a year. Today I got a hit on my credit for delinquency on their account and it hit pretty hard. + +What are my options to get out of this situation? + + +Edit: thank you everyone for the advice. I agree that this needs to be something everyone can learn from, just wish I wasn't the one who made this mistake upfront haha. + +As an update I reached out to the other party and requested the car be refinanced. They seemed open to it, but we will see how the bank feels. +There are obviously a million personal factors that go into deciding to get a undergrad/master’s degree, but from a broad economic standpoint, is it bad to enter higher education in the US right now? If we are entering a recession (as a layman, idk if we are), is it a good idea to get a degree in the meantime or to wait it out and save up a bit with a random job for a couple years before going back to school? +Buffett warned newbie investors that picking great companies is more complicated than just selecting a promising industry. + +"There's a lot more to picking stocks than figuring out what's going to be a wonderful industry in the future," said Buffett. + +Buffett put up a slide of all the auto companies from years go that started with the letter "M;" however, the list was so long it didn't fit on one slide. The "Oracle of Omaha" had to narrow the list to automobile manufactures that started with "Ma" to fit the names on one page. + +Buffett said there were about 2,000 companies that entered the auto business in the 1900's because investors and entrepreneurs expected the industry to have an amazing future. In 2009, there were three automakers left and two went bankrupt, said Buffett. + +Whether it’s technology, EVs, renewables, marijuana or cyber security, many will enter these budding industries, and most will not make it. It isn’t good enough to pick the sector or industry that’ll grow most, you either need to time your exits perfectly, or hope you have the few that survive to cover your losses on the many that don’t. +I have a few years in college of coding experience (although I am rusty) and am interested in trying out a trading bot. Should i just get my own or attempt to make one? Any tip? +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/ +Time and again, I have met **gurus** telling me how to handle my money and according to each one of them, whatever I am doing is stupid. Everyone has their own ideas and approaches, and none of them listened to or bothered understanding my goals. + +Having experienced such greatness, I decided to not put the control of my money and decision of what happens with it, with someone else. + +I have some funds that I am actively trying to invest in shares and mutual funds. + +I have few sectors that I am interested in investing. How do I go about finding companies and then analysing the fundamentals of the company? +I think when it comes down to it you as the landlord is who is guaranteeing the bank will get their money and take on risk for property damage/vacancies +Fund management must take some blame for lack of UK startup tech entrepreneurs (according to one of the biggest UK tech investors James Anderson) + how innovation is being harmed even in large companies. UK doesn't understand Tech as well as our US cousins? [https://youtu.be/lKxzUl\_pFbo](https://youtu.be/lKxzUl_pFbo) + +What do you think? Keen to hear from the home turf. +Wife and I are staying at this resort in FL. Had no idea when we checked in, we would have to sign up for a timeshare presentation. They charged us a $40 deposit to make sure we went. Other than the $40, that we don't care to lose, will they try to do something else to us? The presentation is set for today at 9am, we plan on leaving at 9:30am to check out. Only bad thing is the "salesman" are in the lobby along with the checkout desk +I am venting, but real estate industry needs to be brought under ACCC. The ads are misleading at best, fraudulent at worst, there needs to be truth in advertisement. Too much deviation between states, e.g. Vic requires price guide and section 32, Qld don't. A nationwide consistent information template for properties are required. Just like it is there for mobile plans or super funds etc. To make it easier to compare properties. Every room should be photographed and not excluded to hide something. + +Today my friend went to inspect a property in another city and showed us around using whatsapp. The beautiful pool and lawn in photos turned up to be an unmaintained dirty pool and the lawn was a brown dead patch :( + +Update: it seems Victoria has changed laws for better disclosure. +https://www.consumer.vic.gov.au/latest-news/sale-of-land-changes-in-effect-legislation-update +# 📱 Stay tuned this week as the team of $SHIBORG are planning airdrops! Be one of the many holders of this amazing token! 📱 + +Join their community to be in touch with the latest news + +[https://t.me/ShiborgInu](https://t.me/ShiborgInu) + +**💲Where to buy from? Pancakeswap! 💲** + +[https://pancakeswap.finance/swap?outputCurrency=0x389c13d5be24bed2af35c30f211e042225cb06ff](https://pancakeswap.finance/swap?outputCurrency=0x389c13d5be24bed2af35c30f211e042225cb06ff) + +**🚨What are the latest news around Shiborg Inu?** **🚨** + +🔥 10% burn of $SHIBORG tokens announced from the team on Sunday, 14th November! Join before that + +🔥 The team are making a TikTok contest to win $SHIBORG tokens! + +🔥 Airdrops coming this week of 8th -14th November! + +🔥26,250+ holders for 10 days + +🔥CMC and CG listed on 1st November! Just amazing to get both listed on one day! + +🔥Another big influencer joined them! The same one who made videos for FLOKI INU + +**📈Contract:** + +0x389c13d5be24bed2af35c30f211e042225cb06ff + +**👉 What is Shilborg Inu?** + +Shiborg Inu ($SHIBORG) is a Cyborg Shiba Inu Dog from the planet Shibamoon X1000 on the BSC chain! Shiborg Inu is also a decentralized meme token and the army will take the crypto-verse by storm! + +**👉 Is it CMC and CG listed? Yes, already for just 3 days after release! Take a look!** + +[https://coinmarketcap.com/currencies/shiborg-inu/](https://coinmarketcap.com/currencies/shiborg-inu/) + +[https://www.coingecko.com/en/coins/shiborg-inu](https://www.coingecko.com/en/coins/shiborg-inu) + +**👉 Give me some more information on Shiborg Inu!** + +It was one of the best and epic Launches this year! + +The Developer is KYC Doxxed, proof in the TG or on the Solidproof homepage! 🦾 + +Astonishing campaigns booked and organized by the team all week including the famous "Dextools button on mobile and desktop ads", Poocoin, Twitter, influencers and much, much more! 🚀 + +Big TIKTOK Influencer next days, also Insta and Discord influencer campaigns running and booked for the coming days with big names! + +**💎Tokenomics:** + +✅ 2% Redistributed to All Holders + +✅ 8% Automatic Liquidity Pool Refill + +✅ SAFU: Liquidity Locked 100% + +✅ FULL PASSED AUDIT + +✅ WHITEPAPER + +✅ VERIFIED CONTRACT + +✅ FULLY DOXXED WITH KYC + +**🔗 Join the community and feel the great vibe!** + +Shiborg Inu token’s team has given you a wide variety of social platforms that you can engage with and communicate with other people in the project. Right there you can contact the team and ask them anything you feel like it! I have done it myself and they are flawless in their response. + +**🌐 Website:** [https://shiborgtoken.com](https://shiborgtoken.com/) + +**📱 Telegram:** [https://t.me/ShiborgInu](https://t.me/ShiborgInu) + +**🕊 Twitter:** [twitter.com/ShiborgToken](http://twitter.com/ShiborgToken) + +**🪐Reddit:** [reddit.com/r/ShiborgToken](http://reddit.com/r/ShiborgToken) + +**📱 Facebook:** [facebook.com/ShiborgToken](http://facebook.com/ShiborgToken) + +**🌐 Youtube:** [youtube.com/channel/UC5LQLfoSg8UVeV21SfC5XDA](http://youtube.com/channel/UC5LQLfoSg8UVeV21SfC5XDA) +EDIT: Thanks everyone for replying. Now, I think our Compliance/Legal department is confusing two terms - Exchange fund x Exchange traded fund. + +https://www.investopedia.com/terms/e/exchange-fund.asp + +A bit of context: + +* I work for a company that's publicly traded in the US. +* I am a designated Insider due to my access to the company's data. +* I invest in multiple ETFs but none of them holds my company's stock. +* I want to invest in iShares MSCI Core World where stocks of the company I work for are part of the portfolio. The weight is less than 0.5% of all holdings. + +As an Insider, I am allowed to trade the company's stock only during open trading windows so I thought the same policy should be applied to ETFs. I wanted to be 100% certain so I reached out to our Compliance department and they told me that trading ETFs is form of hedging; and as such is strictly prohibited. This applies to all employees, not only Insiders. They stated that I cannot invest in ETFs with the company's stock even inside the open trading windows. + +I am really confused. How is investing in ETFs considered a form of hedging if I invest in standard ETFs, no leveraged or inverted ETFs? How is it different from buying the company's stock on the open market, which I am allowed to do as long as it's not during blackout windows? Do they misunderstand the term ETF, or am I missing something? + +Anyone in a similar position? What's your experience? +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). +I think most of us already know it’s best to prevent it from the beginning by increasing savings to net out any raises or one-time bonuses/windfalls but what if that ship’s already sailed and you find yourself in your early to mid-thirties reflecting on trying to get back to a simpler (and cheaper) life? I’ll admit, COVID with its risks and limitations over the last few years made a strong case for me to loosen the purse strings regarding upgrades to my home work space, home gym equipment, and appliances to name a few. + +Anyone have any tricks or advice to help someone “reset?” Thanks! +And then we have SEC who sued Ripple for selling an "unregistered security". Why aren't the SEC suing the banks and the government for the bailouts, especially when these are the big banks that don't need them? Oh wait, SEC is part of the government. + +When you hear about some criminal with a stolen suitcase of cash no one cares. Meanwhile, talk about carrying stolen bitcoin and monero and now people hates crypto for money laundering, and the government works extra hard to crack down and put regulations whenever possible. It's a double standard. And they let the banks launder $2T a year. + +The government is fucked. +Most mentions of austerity that I see are critical of its ability to solve economic problems. Most recently in Obama's new book where he blames David Cameron's economic austerity for worsening the UK's recession. Almost every source I could find has emphatically stated that austerity devastated struggling EU economies like Greece or Italy. + +So why did it work in Germany? It seems to be the poster child of austerity, and economic conservatives always use it as an example of why austerity works. Sure, even in the bad times, Germany was still an absolute monster, economically, so not really the same as a country on the edge of default, but Merkel's austerity politics genuinely seem to have benefitted Germany. +Today we are going to discuss how to effectively use the MACD technical indicator as a tool to build a higher level of conviction in your trading entries and in turn, improve your win-rate. We are going to explore ways in which we can use this indicator effectively within a trading strategy to ensure that we are only taking the highest quality of trade setups. + +***If you'd rather watch a video (as opposed to reading this post) about the MACD, skip to the link at the end of this post.*** + +The moving average convergence divergence technical indicator, commonly known as the MACD is a widely used indicator developed in the late 1970s by the famous Technical Analyst Gerald Appel. The MACD visually conveys the changes in strength, direction, and momentum of price trends by means of tracking the relationship between two separate moving averages of price. It is one of the most common technical indicators used in all kinds of markets around the world and on all different timeframes. + +Due to the way the MACD is derived (from the history of movements of price), it is a lagging indicator. This means that signals to buy and to sell given by the MACD (which we will get to shortly), come a number of candles **after** the ideal point to enter or exit a trade. This, however, does not mean the MACD cannot be an extremely useful component of a trading strategy. Before I explain how it is used most effectively, we must first discuss how it works and how the information it conveys can be interpreted. + +[Figure 1: MACD Diagram](https://preview.redd.it/tkonj7frv7i61.png?width=1536&format=png&auto=webp&s=3e66c538c6d66a22787b351832f975eae7eb8c5f) + +As can be seen in ***Figure 1***, the MACD indicator is made up of two lines, the MACD line and the signal line, which move above and below the base-line (the middle line) of the indicator. The MACD line is made by plotting the difference between two exponential moving averages of price. The signal line is an exponential moving average of the MACD line. This means the MACD line will always be quicker to react to changes in price and trend conditions than the signal line. The relationship between the two of these lines is displayed graphically in the form of a histogram. When the MACD line is above the signal line, the histogram shows positive (bullish) momentum. Conversely, when the MACD line is below the signal line, the histogram shows momentum to the downside (bearish). As is the case with many different types of technical indicators, the MACD is most effective when used with the default settings. These are generally 12, 26, and 9, for fast, slow, and signal (smoothing), respectively. As always, I still encourage you to experiment with different settings for the MACD indicator on your own technical analysis platform to see how it affects the visual appearance and signals given by the indicator.  + +[Figure 2: Bullish vs Bearish MACD Histogram](https://preview.redd.it/tbcphziuv7i61.png?width=979&format=png&auto=webp&s=e4631fe9494a7b760bbfffaf93a867d0ed90f732) + +There are many common ways that the information that the MACD indicator conveys can be interpreted. The most widely used method is to take signals to buy and to sell when the MACD line crosses above (buy) and below (sell) the signal line. Another way to interpret the same series of signals would be to buy when the histogram changes from red to green (bullish crossover), and to sell when it changes from green to red (bearish crossover). + +Although some of these signals will result in great trading opportunities, you must be aware that due to the MACD being a lagging technical indicator, these signals will generally come **after** the ideal time to buy or to sell has already passed. Another consideration that must be made when identifying these kinds of trading signals is that there will often be substantial “noise” produced by the indicator where the lines cross over back and forth in a short period of time. These “noise” signals must be identified and disregarded as they are not worthwhile trading opportunities. The best way of identifying “noise” when reading any trading indicator is by intuition which comes with experience.  + +Another way to use the MACD indicator is to determine the strength and momentum of the current trend. The easiest way to gather this information with a glance of the MACD is to note whether the consecutive bars of the histogram are currently growing larger or smaller in size in relation to previous bars. If the bars of the histogram are increasing in size, this tells us that the strength and momentum of the current trend of price is increasing. If the bars of the histogram are decreasing in comparison to previous bars, the momentum of the current price trend is weakening. An effective way to implement this kind of trend momentum analysis into your own trading is to examine and identify confluence between the current MACD trend on multiple different timeframes as well as the one on which you are basing your trading entries and exits. + +The way that the MACD is most effectively used within a trading strategy is to not rely on any of the signals it gives for defining your entries and exits. Instead, it is an excellent tool for confirming entries given by other technical indicators such as the stochastic *(see previous post)*, price action, or the order book. Trading solely off the MACD signals alone, like with many technical indicators, will result in some excellent trades but likely equally many (in some cases more) substantial losses. + +To be used effectively, the MACD indicator must be combined with other variables within a trading strategy, as a means to build conviction and confirmation to ensure you are only taking the highest quality of trade setups. It is an excellent tool to add to your own trading arsenal and with practice and experience, you will be able to use it to significantly increase the win rate of your own trading strategy and the conviction of your ideas. + +**If you would like further information or examples, check out my video about the MACD technical indicator at the following link:**[https://youtu.be/LzSlqPkXOyQ](https://youtu.be/LzSlqPkXOyQ) + +*If you have any further questions regarding the MACD, technical analysis, or trading in general, I have a free, beginner-friendly discord community that is available for you to join. Please leave a comment or direct message me if you would like an invite link and I will respond in due course.* +So I am trading on Interactive Brokers, and Since I am paying monthly for my ETFs purchases (when buying you pay a minimum fee), I want to include into the funds that I invest, her 500£ contribution, so that it saves her the hassle of opening an account, and of paying the minimum fee when purchasing the index fund. + +Is there going to be a way to do this, since technically, I won’t be able to prove that that amount is mine? + +Is it simple enough for her to transfer to me her money, and for me to transfer it to the IB account and that’s ok ? + +Don’t start asking whether she trusts me or not since this is not the matter of discussion, and she does and there is trust between us. + +This is a question regarding legality! + +Thank you! +I was always laughing at meme coins, because there is usually no intrinsic value behind them. I got into HOGE early with only around 100$ a few weeks ago. It was a joke to me, just play money. However, ever since then the community has evolved. What started with a website that barely contained a few words, now evolved into a quite beautiful community contribution. + +**What makes HOGE unique?** + +The community. I have been in a lot of projects, mostly serious, but also a lot of junk, where I quit quickly. Almost nowhere you find such an engaged community that actually goes out and promotes the coin and creates value (memes, NFT, posts like me). We all own a piece of HOGE and the community is what makes it succeed! If it wasn't for the community, this coin would be worthless... There is no professional dev team behind HOGE. This is a community effort and everyone can and has to contribute within his/her own merits! + +I believe that this coin can reach DOGE and do so very quickly in this bull run. The community momentum is crazy and I am just a small part of it with this post! If you look at what HOGE has achieved in just a few weeks from literally nothing, the sky is the limit! + +**Tokenomics** + +* There are no whales [\[1\]](https://etherscan.io/token/0xfad45e47083e4607302aa43c65fb3106f1cd7607#balances). Nobody owns more than around 0.5% of the supply. +* Each transaction burns 1% of the value and distributed 1% to all holders. Currently about 0.25% growth per day just for keeping it in your wallet! That's 250% growth per year... Over half the supply was already burnt this way, in a couple of weeks. +* The liquidity on Uniswap is locked for months [\[2\]](https://unicrypt.network/amm/uni/pair/0x7fd1de95fc975fbbd8be260525758549ec477960) and locks will continously be extended. +* Dumps get eaten in seconds. Just watch the DEXTools for a bit [\[3\]](https://www.dextools.io/app/uniswap/pair-explorer/0x7fd1de95fc975fbbd8be260525758549ec477960). + +**Why is HOGE a moonshot?** + +* The token burn will drive the price up over time. 500bn tokens have been burnt just by people transacting on Uniswap in the past few weeks. In a couple of more weeks, instead of 1 trillion HOGE, there will be only 100 billion HOGE and this will continue halving itself quickly. +* HOGE started to explode a couple of days ago with no end in sight. This is not a pump and dump. This is sustained growth over days, we are still eating every 20 ETH dump within seconds. +* DOGE is the benchmark for HOGE. All we need is to continue our momentum and add more people to the HOGE army. DOGE and HOGE don't fight, they are brothers and its fine to invest in both! +* HOGE is DeFi and NFT and meme. We have several projects in development that will build upon DeFi and NFT elements, while the community keeps creating memes like there is no tomorrow. + +**How can I participate?** + +* Join our telegram: [https://t.co/WX8kiUaUGZ?amp=1](https://t.co/WX8kiUaUGZ?amp=1) +* Join our reddit: [https://www.reddit.com/r/hogefinance/](https://www.reddit.com/r/hogefinance/) +* Print your own HOGE NFT until end of today: [https://www.hogemint.com/](https://www.hogemint.com/) +* Visit our website: [https://hoge.finance/](https://hoge.finance/) +* Hold the HOGE you buy +* If you like, help spread the word! We are all in this together... + +**How can I buy HOGE?** + +They have a good description on their website, also there is a link [\[5\]](https://app.uniswap.org/#/swap?slippage=500&outputCurrency=0xfad45e47083e4607302aa43c65fb3106f1cd7607) that just sets up Uniswap with everything. however I will just summarize: + +1. Go to Uniswap: [https://app.uniswap.org/](https://app.uniswap.org/) +2. Click "Select a token", then "Manage" at the bottom of the dropdown, then the "Tokens" tab +3. Enter the HOGE contract address `0xfad45e47083e4607302aa43c65fb3106f1cd7607`. Please do your own research and verify that the address you paste is correct (check their website, check the stats on etherscan). +4. Now select the token you want to swap from, default is "ETH" +5. Enter the amount you want to swap +6. Enter a slippage of 5% +7. Click "Swap" +8. Use "Fast" gas fees for metamask to make sure your transaction goes through fast enough for 5% slippage. +9. Own HOGE! + +**Will HOGE be on exchanges?** + +It is already on WhiteBit, however I have no experience with them and I can't recommend them. The community is trying to get HOGE listed on other, more popular exchanges, give it some time. Uniswap works perfectly fine for now, just give it a try and take your time, it's worth learning... Watch a tutorial about how to use Uniswap [\[4\]](https://www.youtube.com/watch?v=dcZ7kVC2-6g&t=49s). + +\[1\] Holders: [https://etherscan.io/token/0xfad45e47083e4607302aa43c65fb3106f1cd7607#balances](https://etherscan.io/token/0xfad45e47083e4607302aa43c65fb3106f1cd7607#balances) + +\[2\] Liquidity Lock: [https://unicrypt.network/amm/uni/pair/0x7fd1de95fc975fbbd8be260525758549ec477960](https://unicrypt.network/amm/uni/pair/0x7fd1de95fc975fbbd8be260525758549ec477960) + +\[3\] Dextools: [https://www.dextools.io/app/uniswap/pair-explorer/0x7fd1de95fc975fbbd8be260525758549ec477960](https://www.dextools.io/app/uniswap/pair-explorer/0x7fd1de95fc975fbbd8be260525758549ec477960) + +\[4\] Uniswap tutorial: [https://www.youtube.com/watch?v=dcZ7kVC2-6g&t=49s](https://www.youtube.com/watch?v=dcZ7kVC2-6g&t=49s) + +\[5\] Uniswap setup to buy HOGE: [https://app.uniswap.org/#/swap?slippage=500&outputCurrency=0xfad45e47083e4607302aa43c65fb3106f1cd7607](https://app.uniswap.org/#/swap?slippage=500&outputCurrency=0xfad45e47083e4607302aa43c65fb3106f1cd7607) +I've got eyes on (and for these reasons) + +- $KHRN (Mexico legalization and europe deals) +- $VLNS (4 day uptrend, see my post abt it) +- $IP (jumped 40% today after news release) +- $QYOU (expressed interest from India's media) + +And I have positions in each. + +Thoughts? +Married couple. +It took us 32 years to hit our first million net worth. Almost 2 yrs for the second million. Another year for the third million, and with the crazy market now, less than half a year for the fourth million. + +We are not superstar investors. Something tells me that easy come easy go, the market is too hot and flooded with liquidity. + +What are you guys doing to prepare yourself when things go sour? +I'm on my phone so I can't exactly do a detailed analysis for you guys but wow. Considering the cash on hand the debt to equity ratio the free cash flow the revenue even the current revenue growth even if it's lowered or flat a little bit, the ROA, ROI, ROE and ROC. The huge amount of share buybacks and all the products they have coming out this year for graphics cards in that market and the new 13000 series CPU along with their management history. Their PE is under 10 and their price to free cash flow is under 15. I'm loving it. I wish their DGR percent year of year was a little bit higher of at least 7% for the 3 year and the 5 year but it's consistent at least and it's been growing for almost 20 years next year. + +Edit* spelling a bit and to add: some of you don't realize that Intel has has been developing discrete GPUs to compete with Nvidia and AMD. Don't undervalue the machine learning and AI implementations of this along with the gamers and the miners for crypto. A large part of the world has been eating up every graphics card that's made. This could be representative of hundreds of millions or potentially billions of dollars in revenue. It also has the possibility of eating into a small portion of Nvidia and AMD's sector market share. Current reviews and benchmarks on the backside show that they are competing on a scale of AMD and Nvidia's newer graphics cards. +Free NASA Tokens are flying out the door via the Rug Pull Relief Fund initiative, $2K USD worth to be exact. The Rug Pull Relief Fund is a scheme in which tokens from the marketing wallet are handed out to investors who, 1) hold NASA Tokens AND 2) have fallen victim to a rug pull. Those eligible can apply for assistance by filling out the form on NASA’s website. As stated previously, successful applicants are given FREE NASA Tokens, the value of which is calculated based on how many tokens that person holds. + +ALL of the individuals who meet the above criteria have been approved so far - NASA truly is a token for the people. Many projects will claim to be a “community token” but not many have the actions to back it up like NASA. + +The Rug Pull Relief Fund is only ONE of the many services NASA provides. Did you know NASA also specialises in NFT’s? You might have seen one of their many NFT cards trending on twitter over the past few weeks, not to mention NASA have also secured a partnership with a juggernaut of the cryptospace, CumRocket. This is massive exposure for a project that has just turned one month old. + +Additional services include but are not limited to: + +NASA Auditing Service. NASA is on the cusp of releasing the report of their first audited token. The auditing service will also tie in with the NFT marketplace they are currently in the process of developing. + +NASA’s “Top Secret” App. An exclusive app for hodlers of the NASA Token, which will also give direct access to NASA’s many services it provides + +NASA’s chart is looking incredibly healthy and bullish. Despite the market dips, despite the constant FUD and the naysayers calling NASA “just another shitcoin” the team has remained resilient and united. They have worked tirelessly around the clock, innovating and developing NASA to ensure its future success. + +The world is slowly starting to recognize what the team at NASA have known since the very beginning, which is that NASA is Not. Another. Shit. Altcoin. + +Become a Nastronaut today! 👩‍🚀🚀 + +📄Contract : 0x70CF8d40A3D0F7BC88077Ba7D103050d0001A653 + +🌐Website: [https://www.nasatoken.net](https://www.nasatoken.net) + +🥞Pancake Swap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x70cf8d40a3d0f7bc88077ba7d103050d0001a653](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x70cf8d40a3d0f7bc88077ba7d103050d0001a653) + +🗯Telegram : @ officialnasatoken + +💬Discord : [https://discord.gg/4qhbm6MzpN](https://discord.gg/4qhbm6MzpN) + +📣Twitter : [https://mobile.twitter.com/NASAtoken](https://mobile.twitter.com/NASAtoken) + +📷Instagram : [https://instagram.com/nasainstagram](https://instagram.com/nasainstagram) +JP Morgan Chase, who write about a quarter of residential loans in the US, just announced that they are raising the minimum credit score to get a loan to 700 and now the minimum down payment is 20%. Other banks are doing the same thing. Not good if you are selling but if you’re buying and qualify for the new stricter guidelines it could be good for you. I’m holding tight. + +Edit: JP Morgan Chase does not write a quarter of residential loans but they are the fourth biggest residential lender. +🐉 Baby Binamon 🐉 + +New promo video dropped today ✅ + +Billboard in New York Time Square ✅ + +I’m sure you have all heard of Binamon. It’s one of the hottest BSC tokens around at the moment. A complete Metaverse of digital Monsters. NFT gaming platform. + +By holding Baby Binamon you receive hourly rewards paid out in the form of Binamon tokens. +One holder has already received a $400,000 Binamon NFT by buying a Binamon booster pack from his rewards for holding BabyBinamon + +Baby Binamon is a revolutionary, unique, game changing token built on the Binance Smart Chain, we are cornering the rewards system market by being the only token in the space that offers rewards in the form of Binamon ($BMON), simply for holding $BABYBINAMON. + +Why invest in Baby Binamon? + +It really is that simple, Binamon is an NFT based in browser game which utilises the smart chain to allow for a totally unique play to earn ecosystem. The team are huge believers in NFT’s as the future of media consumption and want to incentivise others to get on board the Binamon train by creating the biggest NFT rewards token the space has ever seen! We have utilised a proprietary, never seen before smart contract in which rewards have been hard coded to ensure that all of our holders are rewarded regularly with what is soon to be the biggest NFT based game not just on the Binance Smart Chain, but in the whole cryptocurrency space. + +How does it work? + +The reward system embedded into our smart contract is a complex and highly advanced system; in layman’s terms whenever there is a trade within the Baby Binamon ecosystem, a percentage of that trade is taken to purchase $BMON and redistribute it to our holders based on how much $BabyBinamon they hold. +This is passive income at it’s finest. +The beauty of it is, as Binamons market cap grows so do the value of your rewards. + +Within just 1 day of launching an estimated $100,000 has been paid out to BabyBinamon holders. +Top marketing plans are in place, Coin Gecko imminent and CoinMarketCap to come. +Join the telegram to find out more about this unique and exciting project. + +Telegram - https://t.me/babybinamon +Website - https://babybinamon.finance/ +Contract - 0x1f63034eeb573936265d6ecb65c4e50d334b6eef +I recently saw that Brian Chesky, Airbnb’s CEO, is giving up his Bay Area residency to live in Airbnbs full-time. Obviously this has a tinge of PR given it’s only Airbnbs, but it made me interested to hear from others in the group. + +I know many of you have second and third residences, but have any of you opted for less/no permanent residencies and a much higher percentage of time in hotels, home rentals, etc? If yes, how is it going? How is it impacting your wealth accrual? +Ok not quite the usual financial question in this sub but it does involve money! + +My little one is losing a tooth and at random said I’m getting $10 for my tooth while brushing. + +That seems a bit steep to me. We never paid anything for a loose tooth so far so I’m assuming this came about because the tooth is very wobbly and kids talk about it at school. + +It seems to me the market rate these days is $10 (i.e. what the kids at school say). + +Is this Tooth Fairy QE money? For a full set of teeth that’s $200! That’s seems high. +Why does it seem like the vast majority of folks giving advice recommend contributing to a Roth IRA? Never any mention of the traditional IRA being an option and perhaps a better one given the individual's income/tax situation. I understand the benefits of the Roth, but just feel like people are giving bad advice in recommending it by default. Anyone else notice this or is it just me? +Hello wonderful pf community. This is in partial response to yesterday's top post entitled "Buying a house 'responsibly' impossible for many?". While this was a great post, I'd like to point out that renting isn't half bad for what you get. A rent payment doesn't *just* cover the roof over your head. You also get: + +- Included appliances, such as stove, dishwasher, fridge, laundry units, etc. This could cost thousands of dollars out of your pocket when you own. To not only buy the equipment up front, but also repair them. + +- Lawn care. You either have to buy your own mower upfront and be out in the hot sun for two hours every Saturday, or pay a lawn guy. + +- Amenities. If your rental has a pool, gym, etc. you might pay a slight premium in rent for all of these, but the value is still there. Gym memberships are *costly* these days. Pool ownership and maintenance is a *hassle* (any current owners know this is true). + +- Above all else, flexibility to move at basically anytime, so long as you have the cash on hand to buy out of your lease. With a house you have to factor in: possibly being underwater if you don't have enough equity, the extreme length of the sales process (even in a good market it could take up to a year!), and in a worst case scenario not even being able to sell it. I'm sure everyone already saw the "leave your current job every 5 years or so to get a significant raise" post. What if the next great opportunity is across the country? Ya never know. + +All this is *not* to say that renting beats homeownership. Certainly the huge advantage of having no mortgage payment at the end of your 30 years (or however long) is great. But you have to do it right to make it work. Just hoping to change the minds of some "rent averse" people! + +Edit 1: Also property taxes! + +Edit 2: It's been pointed out that if you rent a *house* rather than an apartment that some of these perks wouldn't be included. But you also get more square footage and more freedom (not having to worry about pet regulations, not having neighbors literally on top of you, etc.) +Everyone keeps asking: + +"Will Computershare notify GameStop once the float is locked up???" + +I did some light digging and it appears they won't need to. + +As transfer agent, Computershare offers their clients a live dashboard that reports on shareholder activity in real time: [https://www.computershare.com/je/business/share-registry/report-on-your-register](https://www.computershare.com/je/business/share-registry/report-on-your-register) + +For all we know, GameStop has a giant monitor at HQ where everyone watches the DRS numbers climb each day. + +&#x200B; + +[https:\/\/www.computershare.com\/au\/business\/registry-services\/issuer-online](https://preview.redd.it/hr8101zxgqr71.png?width=2538&format=png&auto=webp&s=7f51c8a3c5c0c4a35dfff62c25a47f6b1461342c) + +&#x200B; + +[https:\/\/www.computershare.com\/je\/business\/share-registry\/report-on-your-register](https://preview.redd.it/tfj8n3syeqr71.png?width=1424&format=png&auto=webp&s=c9436af674abd24e87fb22c9395554ec792e5f08) +New York Times magazine article: https://www.nytimes.com/interactive/2019/02/21/magazine/elite-professionals-jobs-happiness.html + +The one thing that attracted my attention were these two sentences (the man quoted gets 1.2 million dollars a year, as said in the previous paragraph to this): + +> He had received an offer at a start-up, and he would have loved to take it, but it paid half as much, and he felt locked into a lifestyle that made this pay cut impossible. “My wife laughed when I told her about it,” he said. + +Wealthy beyond anything I'll ever be able to get on my life, but basically living by each paycheck. I prefer to live frugally and with peace of mind. +HOLY MOLY! GME has highest close since 1/29! If you haven't seen yesterday's [POST](https://www.reddit.com/r/Superstonk/comments/nq5xf8/612021_trading_deeper_dive_into_the_tape_and/?utm_source=share&utm_medium=web2x&context=3), I recommend taking a look before getting into today's action, because **BIG THINGS ARE HAPPENING!** Congrats to the 💎🖐🦍 that like movies, as without you, GME wouldn't be on the brink of launch. Prepare yourself, it's time for the tea. This is not financial advice, my 🧠 is smooth. + +&#x200B; + +Up until 5/27, GME price movements were strongly correlated to AMC, making the year to date R^(2) value between the two 76%. In 🦍 speak, statistically a price change in GME was 76% dependent on a similar change in AMC, and vice versa. After today's trading, that R^(2) value has decreased by 40% to 0.45! MASSIVE DECOUPLING! + +[1. 6\/2 Update - Plot of AMC and GME closing prices - R\(square\) = 0.45](https://preview.redd.it/b7atero9ww271.png?width=726&format=png&auto=webp&s=dfa293c3bf7f75e671a8bf24d8ef0d7a968ad380) + +From a risk management perspective, especially ones based on linear analysis, this means a long AMC position can no longer effectively hedge a short GME position based on this correlation breakdown. Some entities use more dynamic analysis for certain pair trades, especially volatile ones, and instead of relying solely on linear regression, can adaptively use a "BEST FIT" model. I now present you the logarithmic regression - + +&#x200B; + +[2. 6\/2 Update - Plot of AMC and GME closing prices - LOG R\(square\) = 0.72](https://preview.redd.it/48522e20yw271.png?width=726&format=png&auto=webp&s=ddfc4ace1a0731029b7cc73a43b81cf8849fa05c) + +Well, after the last four trading days, on a logarithmic scale going long AMC can still hedge a GME short as \~72% GME price movements are dependent on AMC price changes. But this comes with SIGNIFICANT risk management implications! I'll explain - + +&#x200B; + +[3. GME-AMC prices 1\/4 - 5\/26\/2021](https://preview.redd.it/phb7cvdvdx271.png?width=729&format=png&auto=webp&s=a6fec96b401f5ed16b0b8beeac442fd772816c97) + +As of 5/26, the price of GME can be modeled by the price of AMC with the equation **GME(price) = 16.8\*AMC(price) - 12.36**. To hedge a GME short, a HF looks at the *derivative* of the off setting long, and in the case of a linear model, a standard hedge would be to buy \~16.8 shares of AMC for every share of GME that is short. This will reduce the VaR (Value at Risk) of the short GME position. I don't want to get into the full details of how to calculate VaR, but the key thing to understand is VaR models take historical prices to determine the daily price variance of a holding, as well as the covariance between holdings, to give a 95% confidence measure of the max drawdown of a portfolio from one day to the next. Some examples below, please scroll past if the math makes your head spin - + +\-------------------------------------------------------------------------------------------------------------- + +&#x200B; + +[What a 95&#37; Confidence looks like for single tail normal distribution](https://preview.redd.it/h5kzdaxp7x271.png?width=455&format=png&auto=webp&s=60e0f6f337bb696a9bbe5e6a28a5fed8b6839a1a) + +&#x200B; + +**VaR Example 1 - 100 shares of GME** + +* VaR on a 100 share GME exposure - On 5/26 the YTD variance of GME closing prices was 22.8% from one day to the next, and the volatility of GME is the sq root of variance, which is 47.8%. To calculate a 95% confidence interval, you then have to multiple the volatility by 1.645 to statistically capture 95% of probable outcomes based on a normal distribution, bringing the value to 78.5%. GME closed 5/26 at $229, so 100 shares is worth $22,900 and the VaR of that position is $22,900\*.785 = $17,987. In 🦍speak, hodling 100 shares of GME going into the trading session on 5/27, there was a 95% chance that position would not gain or lose more than $17,987. Another way to look at it, which is what risk management really is focus on - Over the next 20 trading days, 100 shares of GME should statistically **GAIN** or **LOSE** *more than $17,987 in a single trading session.* + +**Var Example 2 - 100 shares short of GME with Offsetting AMC Long 1,680 Shares Pair Trade** + +* Now, AMC's volatility must also be taken into account, along with AMC's correlation to GME. The variance of AMC on 5/26 was 11.9%, the volatility was 34.5%, and the correlation between the two stocks was 0.81. The math gets a bit more complicated here, but involves linear algebra and matrix multiplication, but by offsetting a 100 share short GME position by going long 1,680 shares of AMC, the overall portfolio VaR is reduced to $9,476 based on my model. + +[Model Snapshot - I'm not just pulling numbers out of the sky](https://preview.redd.it/6ku2hp6kex271.png?width=1315&format=png&auto=webp&s=9704496e364bd89f5ed7280043738c9189094d11) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Whew, lot's of math, but that's what you quanted, right? Just a bit more math, but we need to revisit the now dominate logarithmic correlation GME and AMC have. From Chart 2 - **GME(price) = 101.7ln(AMC) - 73.533**. The derivative (sorry, calculus) of that is 101.7/(AMC). What does that mean? ~~Unlike a linear regression that can provide an optimal amount of shares needed across prices, a logarithmic correlation results in a constantly fluctuating amount of AMC shares needed to hedge a GME short based on the AMC price, and the higher that price goes, the more AMC shares are needed~~. **(Edit 1) -** ***A hedge using a linear regression has a constant capital requirement, because if f(x) = 2x, f'(x) = 2. In regards to a logarithmic regression, f(x) = ln(x), and f'(x) = 1/x. When using a logarithmic correlation of a long position to hedge the short position, the overall capital required to maintain the hedge increases exponentially as the long side of the trade increases in value, resulting in a feedback loop caused by more buying of the long side of the trade as prices rise, with the "hedging" buying also increasing the price of the long position, until a price point that causes the relationship to fully break down. Eventually the hedge becomes non existent because 1/♾ = 0.*** At a AMC price of 101.7, the shares needed reaches a 1 to 1 parity, and beyond 101.7, the effectiveness of a long AMC position to hedge a short GME share begins to diminish exponentially. This is a catch 22, because if AMC is being used to hedge a GME short, more shares are needed as AMC prices rise, causing further upward price pressure on AMC. + +&#x200B; + +So now I'm going to try and tie everything together for all 🦍 to understand. HFs short GME have been able to hedge their position with AMC, but the last 4 trading days have forced institutions and MARGE to reassess risk models as the linear relationship turned into a logarithmic one. Because of this change, the amount of AMC shares needed to hedge a GME short position has begun to rise exponentially. This has resulted in an exponential increase in buying pressure in AMC, also leading to an exponential price rise. This strategy can continue based on the models until AMC reaches $100, but is becoming exponentially more expensive to execute with each tick higher in AMC's price. If/when AMC reaches $100, the effectiveness of this hedging begins to exponentially decay, and in theory will lead to an infinite amount of AMC shares being needed, which in reality is not possible. + +&#x200B; + +The next critical point, is today's price action is just now being updated in risk models across all institutions, and these models also determine counterparty risk and MARGIN requirements. Due to the nature of logarithmic relationships in hedging/VaR, there is still time and pricing intervals available to maintain a long AMC position to offset a GME short, HOWEVER, if AMC reaches $100, this will no longer be the case, and institutions lending out margin to counterparties short GME will no longer be able to use the relationship to AMC to lower VaR used with margin calculations. Instead, each position will be taken independently, and the now exponentially larger AMC positions of SHF, combined with whatever short GME exposure the SHF has will almost certainly blow out all VaR models, leading to margin calls. + +&#x200B; + +Now I want to be clear, everything to this point has been about hedge funds short GME in general, and not HFT trading firms like Shitadel. These are the players with short GME exposure that hold positions overnight for days/weeks/months at a time. The overnight/premarket moves in AMC have significantly contributed to AMC's outperformance of GME since last week, but during the regular trading session the two have moved nearly tick for tick, until today. I present you today's tape - + +&#x200B; + +[The Most Important Pink 🍆 You've Ever Seen](https://preview.redd.it/m1cobx06mx271.png?width=1742&format=png&auto=webp&s=b67c7001e7d83734bf1a8c321208cc1c5c301b60) + +Take in what these two charts are showing for a moment, and specifically what happened during and right after AMC's first trading halt. Now, this is just theory, based off the evidence presented above, but the most exponential price rise GME had all day **WAS DURING THE AMC TRADING HALT**. If there was ever a smoking gun what 💩a🔔 is doing to ward off a margin call, this is it. During the halt, the main vehicle Shitadel has been using to hedge their GME short went away, right before one of the most important times in the day that institutions use in calculating counterparty VaR and margin needs. GME goes parabolic, because they couldn't hedge the short by purchasing AMC stock, they actually needed to start covering, and that volume spike gives all the confirmation anyone should need to infer some serious forced buying started. The exponential price rise continued until the moment AMC reopened. The HFT algos across the markets are currently programmed to respond to AMC price dumps with corresponding price dumps of GME, and the moment AMC reopened, 10 million shares were dumped, bringing AMC down over $10 in 2 minutes (hmm, recalling GME on 3/10 🤔), triggering another trading halt, but effectively stopping GME's exponential price rise. Now I have no idea exactly how the algos are programmed, but after today it's clear to me there is a clear line of logic that states something along the lines of "If AMC price declines >="x", sell "y" GME shares". It also seems the HFT algos have removed most, if not all logic rules for "If AMC price increases >="x", buy "y" GME shares", and this makes complete sense to me after the AMC-GME correlation has shifted from a linear relationship to a logarithmic one, and most likely why AMC upticks had diminishing magnitude upticks in GME shares as the day progressed. This ALSO means the magnitude of downticks in GME is amplified in relation to AMC during big sell offs. + +&#x200B; + +So what's next? I expect the institutions that solely handle VaR and counterparty margin requirements with linear modeling are going to raise capital requirements for any account with short GME exposure, whereas those with more dynamic modeling still have a few days. I'm not sure what's going to happen with AMC, but I think it is more likely that AMC continues higher for a bit longer to give SHF more ammo with the algos to stop GME price rises by dumping AMC shares, but as shown in this DD, the higher the price goes and closer AMC approaches $100, the more things get dicey. I do not think $100 necessarily needs to be a ceiling for AMC, but it will cause the final breakdown between AMC and GME and cause margin requirements to rocket higher across the markets due to massively increased VaR. If 🦍 that like movies continue to 💎🖐, the entire market will enter a phase never seen before. I am incredibly impressed thus far what 🦍 that like movies have been able to achieve, and gives me even more confidence in hodling GME, for the MOASS is close. I do think things start getting really interesting if/when GME gets above $300, because after the events of 1/28, 3/10, and today after AMC's first trading halt, it is clear $300 is the line 💩a🔔 MUST DEFEND. Nothing in this post should be considered financial advice, do not buy or sell anything based on any wrinkles this post gave your 🧠. + +**TL/DR (for🦍 that can't read) :** + +💎🖐🦍➡💩a🔔🎆➡🔥🚀🚀🚀🌙➡🍗🍗🍗 + +&#x200B; + +Edit 1: Clarifying Logarithmic Analysis Below VaR Examples with strikethrough and new text. +With the out of control stock market likely (IMO) to tank within a short period, what dividend stocks are recommended to weather such a storm? Did you invest in any during the dot bomb or sub-prime mortgage fiasco that were great? Were any must avoids that looked good from the outside? +Title says it all. I'm so far behind on my car payment. I'm short little over a hundred bucks for rent, so now I'll get a nice late fee. I work full time at $17 an hour. Single mom, 2 kids, age 16 and 8. My oldest is starting to drive, and i can't imagine that will save me money. I'm so depressed, and the thoughts going through my head are starting to scare me. + +Even after I get caught up with my taxes, I still can't afford to live. I have to get another job obviously, but God dammit, I'm so sick of working and worrying, and turning the radio up to avoid that new noise my car is making. I'm sick of this. Im over it. I'm done. I'm not going to leave my kids with no mother, but I'm so miserable. + +It's impossible to do this on one income. +My wife and I invested in a new condo about a year ago. We paid an extra 1.5% to have buy the “rental license” from the builder. Only 30% of the units can be allowed to be rented by tenants. Well now the board/Ghertner has put an extra fee of $200/yr ($370 if we don’t pay it) for all investor units. Is this legal? What can they do if I don’t pay the fee? What’s to stop them from increasing the fee to $1000/yr in the future? HOA dues are already $211/mo (no pool). +What would far left and far right platforms look like if they were well informed by objective economics, but still had their normative values? + +To what degree is neoliberalism normative? + +Can it be separated into objective factual believes, and fundamental moral believes? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. +- **For more focused and orderly discussion, please go to the [Serious] Daily Markets Discussion thread. You can find it by [clicking here](https://www.reddit.com/r/ethtrader/search?q=%5BSerious%5D+Daily+Markets+Discussion+thread&restrict_sr=on&sort=new&t=all) and choosing the top thread on the search page.** + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +# 🏛 Olympus - The one and only, the original and the grand unrevealing begins next week 🏛 + +Like a bolt of lightning from *⚡️* Zeus *⚡️* himself, $Olympus came bursting into the BSC. + +It's been 96 hours of madness and things are just settling down with Independence Day in USA. But to quantify this accurately without spoiling it, we are working on something so big Binance itself would take note of it. Our American friends are also celebrating today. Shaking out paperhands is all part of the plan to reach new floors. + +Do you remember we launched and then had a dip? That was us letting pre-sale holders leave to prepare for another push to a new floor. I told you that directly here. History repeats its self but to new heights. + +It is a process. When the time is right we will go parabolic to new heights so quickly you won't be ready. + +*⚡️* **Zeus aka Mr.BOGTOOLS aka John** is hard at work in the background perfecting the Godly tools and the coding that drives this project. He is also coding the revealed use-cases as we speak: + +*Locker of Ananke* + +The first rune discovered by the explorers of Olympus, this will allow projects a platform to lock their liquidity in an easy and absolutely transparent manner. Say goodbye to DXLocker shenanigans! + +*Wheel of Khronos* + +The second rune uncovered allows projects to vest tokens for team, influencers or anyone of their choosing to have them automatically locked and distributed based on a pre-defined time frame. + + 🔥 **Gabe** is working on new marketing material that is nearly complete while also reaching out to contacts that most here at BSC can only dream of possessing. + + 🍾 **Mike** is.. That's highly classified but you're all going to remember his name in time... + +# Updates: + +🚀 Start of the Olympics and Tests of Strength (Community contests with REAL BUSD REWARDS) + +🚀 CoinGecko Listed + +🚀 China marketing in full force (Bili Bili, Weibo, QQ socials etc.) + +🚀 Growth of the Olympus communities have remained strong, with over 16,000 demigods feasting in the halls. Voice chats are on constantly. + +🚀 Price chart is accumulating right now, super bullish, absolutely organic upward trending growth. + +Join the legion, if there was ever a time it's still early, that moment is NOW. + +Telegram: [https://t.me/OlympusOfficial](https://t.me/OlympusOfficial) + +Website: [https://olympustoken.io/](https://olympustoken.io/) +I'm curious about those who pay their children or young family members who work for their family businesses and what kind of businesses they are. +